CHARrrY REGISTRATION NUMBER: SC046391 Hamilton Business in the Community Unaudited Financial Statements 28 February 2025 ere accou an Partr, Nelson Gilmour Smith Mercantile Chambers 53 Bothwell Street Glasgow G2 6TB
Hamilton Buslness in the Community Flnanclal Statement8 Year ended 28 February 2025 Page Trustees, annual report Independent examineffs report lo the trustees Statement of financial activities statement of financial position Notes to the ffnancial statements Th¢ following pages do not fomi part of tho financial statements Detailed statement of financial *Nit 11 Notes lo the detail&Y statement of financial activrties 12
Hamilton Business in the Community Trustees. Annual Report Year ended 28 February 2025 The trustees present theii report and Ihe unaudited financial statements of the charity for th8 year ended 28 Febwary 2025. Reference and admlnlstratlve details Regi8lered charty name Hamilton Business in the Community SC046391 Charlty regislration number Principal offi¢e Brandongate Leechlee Road Hamilton ML3 OXB The tTu$tee¥ Independent examlner Partner. Nejson Gilmour SnNth Mer¢Anlile Chambws 63 Bothwell Street Glasgow G2 6TB Structure. govemance and managament The Charity is govemed by a conslilulion and is set up as a Scottish Charttable Incorporated Organisation ISCIOI. registered on 7 March 2016. Th8 Trustees. who are Directors of Hamilton BID Limiled. and are deerrEd b be member5 of the ch8rity by the Ix)nsb'tulion. Trustees a appointed by existing trustee¥ la rninimum of 31 unanimously at a charity Imstees meeting.
Hamilton Business in the Community Thist888' Annual Report f¢oN¥nuedJ Year ended 28 F•bruary 21125 ObJ8ellv•s and a¢tivi1108 The SCIO wlll promol?, advance and fvrthèr charitable purwses by Opetr.ng to recognise the place of business In community and Chaiitablè lifè In Hamilton and to be established to:_ 1 support the community of Hamilton In the achlovemenl of social and enVir(nntal improvements through projrammes, events. r&search, Iwlknts and other appropr18te means., 2 relieve povety, advance edUtion, add[S environnEnl21 issues, prornote empbyability and hea in the community of Hamilton., and 3 advanc environmenlal 1mpmveEnt 8nd prorncte sustalnable development in Hamilton. For the purposes ol the 20D5 Act Ihe fOlbVr charitable purp)ses are particularfy rel&vant and for the purposes of the 2005 Acl are the chaiitable purposes ilentified as appI&ble se¢lion 7 of the 2005 Act.'- 1 the advanment of cttizenship and communty development {includlng supwrting other charitable and voluntary or9anBa1n$},. 2 the al¥annI of enmronmentsl proteci'on or improvement (in particular in the Hamilton contexl).. 3 the advancemenl of the arts, heritage and Culre., and 4 the prevention ¢y relieve )Verty Ilhrough programmes including employabilty). Achlev•ments and perfommnce Tho tharity reived a grant of £721 from Souv) Lanark3hire Council to support Hamibn E85ter Gala. These funds were lo fvnd free entertainment and comrnunty thtlie5 al the &51er Gala via HanNn 8id. 8 company under the control of the same directors. wlx) were organi5ing the event. Flnanclal revlew A grant of £721 was weived during the year. Thg tru5tegs' annual report was appn)ved on 18 July 2025 and signed on ehalf of the board of Jslees by..
Hamilton Business in the Community Independent Examinerfs Report to the Trustees of Hamllton Buslness In tha Community Year ended 28 FebNary 2025 rewrt on the ffr)an¢i31 stslements for the year end&J 28 February 2025, whith mPriSe the slalement of financial activities, statement of financial postbon and related note5. Respective responsibilities ol trustees and examiner The charity's trustees are responsible for Ihè preparation of the niS in aLxordance with the terms of the Charities and Trustee Investment {Scottand) Act 2005 arml the Charities Aw)unts (Scollandl Regulats'ons 2LK6. The charity tnjstees eonsider that the audit requirem8nt of Regulatk)n 1011)la) to (¢) of the 2006 Accounts Regulatiors does tw)1 apply. It is my responsibility to examine the accounts a$ requiied under section 44(1)(c) of the and to stste whether parn"cular matters have come lo my attenlbn. Basls of Independent examlnerfs report My examination 18 carri&J out in lJrdanCe Reguialion 11 of the 20¢ A£counls Regulations. An examination includes a review of the x¥Unting [OrdS kept by the charity aThJ a comparison of the accounts present with those records. It also include5 consideratTrc)n of any unusual itams or dis¢losures in the accounts, and seeks explanatp)ns from the trustees conceming any such matters. The prc¢edures undertaken do not provide all the evidence that would be requir&1 in an audit and nsequenlly I do not express an audit opinhm on the view giv by the aaunts. Independent examinerfs statthiont In connection wtth my exarnination, no matter has o)me to rny attenUan'. (11 which gives me reasonablg caus8 lo believe that in any material respect the requirements= lo ke8p aaunting records in atxordance wilh sectbon 44(1){ai of the 2005 Act and RaguklKsn 4 of thè 2006 Accounts Regulations, and to prepare a(onts which rj vAth lh8 ac>*unting rerdS and o)mpty with ReguLqtion 8 of the 20[ AccE)unts Regulati$ have not been mel. or (2) ID which, in my onion, attenl'on should be drawn in order to one a proper understanding of the accounts lo be reached. Parlner, Nelson Gilmour Smith Mercantile Chambers 53 Bothwell Street Glasg04Y G2 6TB lil
Hamilton Business in the Community Statement of Flnanclal Activitios Yearended 28 February 2025 2025 Unrestrthd Restricted funds fvnds Total funds Total hjnds 2024 N4)to Income and endowments Donations and legacies Total incomo 721 721 721 721 721 721 Expendlture Expenditure on charitable activities Other expenditure Totsl exp8ndlture 721 721 921 721 722 921 Net expend1 {1) {1) I2} Reconclllatlon of funds Total fvnds brought foThvard Total funds carrled forward 71 71 271 70 70 71 The notes on pagts 6 to 9 forni part of these financial statements.
Hamllton Buslness In the Community Slatement of Financial Position 28 February 2025 2025 2024 Currpnt assets Cash at bank and in han 70 71 Net current a88ets 70 71 Total assets lass currnnt IlabllFUes 70 71 Fund$ ofthe charfty Unreslricled fvnds 70 71 Total charlty fund8 10 70 71 These financkql 81alements ware approved ty the Lard of trustees and authOriS fr)r issue 16 July 2025, and ar8 srgn8d on behalf of Ihè board by: The notes on pages 6 to 9 forni part of thésè financial slatèmgnts.
Hamilton Business in the Community Notes to the Financlal Statements Yearended 28 February 2025 General Informatlon The charity is a public benefit entity and a registered charity in Scodand and is unincorporatsd. The sddress of the priwpal Offi rs Brandongate, 1 Leechke Road. Hamilton, ML3 OLB. statgment of compllance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recomrnended Practice appluble to chaiities preparing their &(x)unts in accordance with the Financial Reporbng Standard applicabie in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102}l and the Charitses and Trustee Investn*nt {S¢olland) Act 2005 and the Charity Accounts ISGOtland) Regulations 20C6 (as amended). Accountlng pollclos Basis of preparafion The financial statements have been prepared on the histortcal cost basis, as ndified by the revaluation of certain finanual assets and lla11111eS and investment properties measured al fair value Ihrough in¢ome or expw)diture. The financial Sts1entS are prepared in sterling. which is the fijnctional currency of the entity. Golng concem There are no material unrtainlieS about the tharity's abilty to continue. Disclosure exemptlons (a) No cash flow statement has been presented for the company. Ib) Disclosures in respect of financkql instruments have not been pSented. stalement of Ilnanclal actlvltles Judgements and key source5 of esllmatlon un¢¢rtainty Tre preparation of the finanoal statements requires managemeTrt to wrake judgements. estimates and assumptions that affect the amounts reported. These esb'mates and judgements are conlinualty reviewed and are b8se(l on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted fLJnds a available for use at the discretion of the trustees to lurther ary of the charity's purposes. Designated fvnds are unrestricted fvnds eannarked by the trustees for particular futurè project or commitment. Restricted funds are subjected to restricbons on fhar expendire dre by the donor or through the terms of an appeal, and fall into one of two sub<lasses'. restricted income funds or endowment funds.
Harnilton Business in the Communlty Notes to the Flnanclal Statsments (conttnued) Year ended 28 February 2025 Accounting policles (cOnLIn) Incomlng re8our¢e8 All incoming resources are included in the statement of financial activities when entitlenEnt has passed to the charity.. it is probable that the economi¢ benefits as50cialed with the transaction will flow lo the charity and the arrN)unt can be reliabty measured. The folk)wing specffic po[leS are applied lo parti¢yJl8r categories of Incon.. InMe from donations or grants is rwnised when there is evidence of entitlement to the gif( re¢eipt 1$ probabk and its amount be measured reliabty. legaGy irwm8 is rxygl5ed when receipt is probab and entilement is established. income from donated gocKds is measured at the fair value of the gocrfjs unless this 18 impractical lo Measu lIablY, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the a¢¢ounls when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income trom contracts for the suppty of services is recognised with the delivery of the contracted service. This classffied as unrestricted bjnds unw there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as reslricted. Resources oxpendod ExndIture Is recogntsed on an accruals basis as a Ikqbilty is incurred. Expendrtur8 includes any VAT which cannot be fully recovered. and is dass1f under headings of the stalernent of fin8nc181 activities to which r( reiates: eXnditUre on raising fvnds includes the sts of all fundraising activities. events, non-charitable trading activities. and the Sa of donated goods. expenditure on charitable activities indudes all cosis incurred by a charity in undertaking activities that further its charitabSe aims for the benefit of its beneficiaries, including those support costs and costs relattng to the governan of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither reLaled to raising fvnds for the charty nor part of its eXpditure on charitable actNlties. All costs are allo(xted to expend[lu categories reflecting the use of the resour. Direct costs attributable to a single activity a alk)(xted direcuy to that activty. Shared costs are app)rb'oned beeen the activities they contribute to on a reasonable, justifiable and (x)nsistent basis. Donations and19gacies Restrtcted Totsl Funds Funds 2025 Restricted Total Funds Funds 2024 Grants South Lanarkshire Council 721 721 721 721
Hamilton Business in the Community Notes to the Flnanclal Statements (convnu Yoar ended 28 February 2025 Expendlture on chaAtabl8 athltlos by fund ty unreSt[ted Funds Restricted Total Funds Funds 2025 Hamilton Easter Gala 721 721 UnreStrd Restrrcted Total Funds Funds Funds 2024 Hamitton Easter Gala 200 721 921 Expfrrbdlture on charltable aclAvAtles by actlvlty typ8 Grant funding Total fund5 of activities 2025 Total fund 2024 Hamilton Easter GaL3 721 721 Analy819 of grants 2025 2024 Grants to Instttutions Hamilton BKI - Hamilton Easter Gala 721 921 Total grants 721 921 Other expendlture Unrestricted Total Funds Unrestricted Totd Funds Funds 2025 Funds 2024 BankCh8rges Trte0 remuneratlon and expenses No remunerdtion or other beneffts from employwEnt with the thatliy or a related entity were r1Ved by the trustees.
Hamilton Business in the Community Notes to the Financlal Statements {conllnued) Yoar andfjd 28 February 2025 10. Anatysis of charltable funds Unrestrlcted funds At 28 Febwary 2025 1 March 2024 Income Expenditltre General funds 71 70 At 29 February 2 024 1 March 2023 Income Expenditure General funds 271 (200) 71 Re8trict8d funds Al 28 February 2025 1 March 2024 Income Expendrture Hamilton GaLw Day 721 {7211 At 29 February 2 024 At 1 March 2023 Income ExFenditure Hamllton Gala Day 721 (7211 Hamilion Gala Day A grant was re(xived from South Lanarkshire Council trj supwrt Hamilton Easter Gala. The grant was used to provide free entertainment and c(Nnmunty acbvitses at the evenL 11. Anatysls of net assets between funds Unrestricted Total Funds Funds 2025 Current assets 70 70 Unrestricted Total Funds Funds 2024 Current assets 71 71 12. Related parti88 Hamilton Business in the Community is under the Ixjntrol of the same directors as Hamilton Bid Limited (company number SC4347561. During the year £721 {2024.- £921) was paid to Hamilton Bid Mited as a contribution towards free enlertalnrnI and MMunity a¢twities at the Hamilton Easter Gala which Hamilton Bid Limtted was organising.