Loch Ewe Communty Skiff Gffjup Scottish Chaity No. SC046741 Page I Loch Ewe Community Skiff Group Scottish Charity No. SC046741 Annual Report and Financial Statements for the year ended 31 January 2025 Loch Ewe Gommunrfy Skiff Group Scottish Charlty ND. SC046741 Page 2 Trustees, Annual Report for the year ended 31 January 2025 The trustees have pleasure In presenting their report together with the financial statements forthe year ended 31 January 2025. Relerence and AdmlnistratNe Infomiatlon Charily name Loch Ewe Community Skiff Group Charlty no SC046741 Loch Ewe Communlty SkrfGmup Scottish Charty No. SC046741 Page 3 Strurture Gov rnance and Man ement Constitution The Charity is a Scottish Charitable Incorporated Organi5ation ISCIO). It was registered in its current legal form on 26 July 2016. It ha5 a two-tier structure.. board & member5. Appolntment of Irustee5 The board, which meets according to need, consists of the charit¢s trustees. Membershlp of the board is open to all members in the Group. Trustees are elerted at the annual general meeting. There must be a minimum of four trustees. Management The board members are jointly responsible for running the SCIO and managing its assets according to its constitution, to include publicizing the SCIO'S status,. providing information on request to the public; providing an annual return for OSCR; and keeping re8iSters of charity trustees and members. Ob ectlves and Activlties Charitable puyposes To advance public particlpation in sport and to provide recreational facilities. or the organi5ation of recreational activities, with the object of improving the conditlons of life for the persons for whom the facilities or activities are primarily intended. Actlvltie5 These purposes will be achieved by: promoting coastal rowing as a healthy, enjoyable activity, practised safely by people of all ages- irrespective of gender, background and beliefs- at a level suited to their competence and state of fltnes5: organising taster sesslons for members of the public through which to encourage them to join as 8roup member5 and thereby to row more frequently; promotlng and strengthening good relatlons between the communities beside Loch Ewe through rowing; participating in regattas which bring together teams from different areas rowing St Ayles, skiffs competitively: promoting acquisition and appreciation of the skills requlred for building, handling and maintaining the boatlsl and any ancillary equipment; Loch Ewe Communty Skiff Gmup Scottish Charity No. SC046741 Page 4 building, owning, maintaining and enjoying the use of one or more 5t Ayles. skiffs, built to the specificatlons lald down by the Scottish Coastal Rowing Association,. arranging the provision of instruction to enable group members to apply best practice In approprlate rowlng techniques, health and safety, safety at sea and child protectloll. 50 they can improve relevant skills and take personal responsibility for applyin8 these- and encouraging inter-generètlonal teomwork. Achlevements and Performance Regular Saturday morning rowing sessions arranged via WhatsApp have continued Iweather permittin I throughout the year. This has been achieved through the much-valued efforts ho between them have taken on the role of or8anising and coxing these sessions. Flnan ial review The initial source of funding was grants for the purpose of building and equipping the St Ayles, skiff. Of that £286 remained in restricted funds. to be used towards the cost of new equipment or a trailer. Income for the current financial year was £245.(M), derived from membership subscriptions and donations. Expendlture for the year wa5 £394.00, £175.00 ofwhich was the premium on the group's insurance policy, £19.00 for the use of Poolewe Hall and £2￿ from restrirted funds for new seat cushions. We are very grateful to f Grant Thornton for completing the FY2023-2024 independent examination without charge. We started the financial year with a balance of £993.35 (of which £286 was in restrlcted funds), and on 31 January 2025 ended with a balance of £844.3S (including £86 in restricted funds). Although this remains an adequate position for paylng runnlng costs for the cominE year, our priorities remaln building up a more active membership base, and the purchase of a trailer to allow us to take the skiff to the various communities around Loch Ewe and. in tirne, to regattas organised by the Scottlsh Coastal Rowing Association. Even if we can raise some of the finance for the latter via membership fees, it looks inevitable that further fundraising will be necessary. Loch Ewe Communfty Skrff Group Scottish Charity No. SC046741 Page 5 ReseNes' policy The board's intentlon Is to earn sufficient income to meet normal running costs. wlth a small reserve to cover any unexpected expendlture or over-winter repalrs. The trustees will continue to monitor the position. Plan for future erlod It remains important that the local population are reminded of the existence of the Koy Mt7theson and that Interested parties are invited to row the skiff- showing our presence by getting out on the water remains our best advertisement. However. one of the new trustees has taken on the task of publicising the opportunity to row through social media and local advertising. As the membership increases, we could develop od hoc rowing sessions or introduce an evening session in addition to the re8ular Saturday ones, which may require use of an online calendar in addition to whatsApp communication. We need to keep under review whether our oars. stretcher5, seat pads and life jackets are appropriately sized for an increasingly diverse ranBe of potential rower5. Statement of Recel t5 and Pa ments for the ear ended 31 Janua 2025 Total Total Unre5trlrted Restricted year ended year ended funds funds 3110112025 3110112024 Notes RECEIPTS Donations Note 5 £20.00 £20.00 £110. Receipts from charitable attivities.. membership fees £225.00 £225.00 £285.00 Total recelp15 £245.00 £0.00 £245.00 £395.00 PAYMENTS Governance costs Note 6 £175.00 £175.00 £175.00 Purchase of eqvipment Note 7 £200.00 £200.fxi Training Note 8 £19. £19.00 £172.00 Total payments £194.00 £200.C(t £394.00 £347.00 SurplusllDeficlt) forthe year £51.OQ -£200.00 -£149.00 £48.00 Loch Ewe Gommunlty SkrftGroup SGottish Charify No. SC046741 Page 6 Statement of Balances- as at 31 January 2025 Total Total year ended year ended 311112025 311112024 Unrestricted Restrirted funds fund5 Notes Opening cash at banklin hand £707.35 £286.00 £993.35 £945.35 SurplusllDeficitl for year £51.00 -£200.00 Closlng cash at banklin hand £758.35 £86.00 £844.35 £993.35 Other ?5sets Irestrirted fund51 St Ayles, skiff {estimated value) Note 9 £7,266.00 £7.266.00 £7,066.00 Safety equipment £820.00 £820.O) £820.00 £8,086.00 £8,086.00 £7,886.C The notes on pages 7-8 form an integral part of these accounts. Loch Ewo Communty Skiff Gmup Swttish Charity No. SC046741 Page 7 Approved by the Trustees and signed on their behalf bv Secreiary Treasurer Date 2T M•TKCM &Q5 Notes to the Accounts for the peilod ended 31 January 2025 i Basls of Accounting These accounts have been prepared on the Recelpts & Payments basis in accordance with the Charities & Trustee Investment Iscotlandl Act 2005 and the Charities Accounts (Scotland) Regulations 21Y)6 la5 amended). 2 Nature and purpose of funds Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted fund for the day-to-day running of the group. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. In 2014, LECSG received £4.799 in grants for building and equipping a St Ayles, skiff. 3 Related Party Transactions No remuneratlon was pald to the trustees or any connected persons during the year. 4 Accountlng perlod These accounts cover the perlod l February 2024 to 31 January 2025. Loch Ewe Communty Skiff Group Scoltish Ch8rfty No. SC046741 Page 8 Total Total Unrestricted Restrlcted year ended year ended funds funds 311112025 311112024 5 Grants & Donatlons Towards new seat pads £20.00 £20.00 £iio.00 £20.00 £20.00 £iio.00 6 Governance eests Insurance £175.00 £175.(K) £I75.C￿j Accountant's fee £175.00 £175.1)0 £175.00 7 Purchase of equlpment Safety equipment £2Crf).Tr) £200.(KI £200.00 £200.00 8 Tralnlng Donation for running course £140.00 Hall Rental £19.00 £19. £32.00 £19.00 £19.00 £172.00 9 St Ayles, sklff lestlrnated value) Purchase of skiff kit £1,511 Materials for building of skiff £2,003 Oars £552 Building1300 hours @ £lO/hrl £3,(KKJ Seat Cushions £200 Totsl estlmated value £7.266 APPENDIX 3 U5L kollth Ch6rty Regulator Independent examinerfs report on the accounts R¢port to the Charity namè tN$te￿MOmtsorn of Loch Ewe Community Skiff Group Reglstered charlty SC number On tho accounts ofthe chartyforthe perfod 046741 Peri()J start dale Month Penod end date Month Day Year Year 01 02 2024 to 31 01 2025 Set out on pages One to Eight (Tanembeito Ir¢1￿ h page rAMnb•rs oraddit￿n￿l sh&ots) Respectlve responsibilities 01 trustees and examlner The charity s Iruslees are responsible for the prepwation of the accounts in 8ccordance with the tems of the Charities and Trustee Investment (Scollandl 2005 Act and the Charities Accounts Iscotlandl Regulations 2006 las amend8dl. The charity trustees consider that the audit requirement ol Regulats"on 10111 Idl Of the Accounts Regulations does not apply. 11 is my reskx)nsibility lo examine the accounts as required under s8ction 44111 Icl of the Act anu 10 State whether particular matters have corne to my attention. 8asl$ of independent My examination is carried out in accordance with Règul81ion 11 of the 20L% Aecounts Èxamlner's statement Regulations. An examinat'on inclucles a review of the accounting rècords kept by the charity and a comparison of the accounls presented with those records 11 also inclLJdes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concèming any such matters. The pr(xedures undertaken do not provide all the evicJen¢e that would be rowirgd in an audit and. consequentty. I do not expre55 an audii opinion on the v￿￿ given by the a¢￿unIs. tndependeTrt examln*s In the course of my examnalion, no matter has come lo my attention lothfrr than that statement disclosed on the attadEd page'l whlck glves mè reasonable cause to believe Ihal in any material reSp￿t the requirements". to k￿p accounbng r￿or£I5 in accordance wrth section 4411) lal of the 2005 Act and Regulation 4 of the 20CC Accounts Regulations. and lo prepare accounts which aG¢ord with the accounting records and comply with Ragulalion 9 of the 20C6 Accounts Regulation8 have not be8n met, or lo which, in my opinion, attention should be drawn in orderto enablè È proper undersl?ndin ol I￿.e accounts to be reached. Date: Signed": Narne.. Relevant professlonal qualifiutionlsl or body Irf anyl- 2215r25 Address.. 'Ple88e ddete the ￿rd& in the t*aGkets Ifthey do not apply Iftre words do appty, set cut thc6e mattws *fiiL* have come b your att￿ticn on t rollo￿[￿ ￿ge. -OSCR VAII accept digrtal ¢ftyped ￿gnature8 APPENDIX 3 Disclosure section Only complete rf the eXa￿ner ne&Js to highlight rnaierial problems. Glve here brief detail$ of any items thal the The accounts are in order albeit I did raise a few queries with examiner wishes to Treasurer which were answered to my satisfaction but I've highlighted for dlgclose transparency. bank statement but took openirg and closing froTn transaction ory provided. • Having taken over halfway throguh the year no previous stalements were provide(J, albeit'the Convener provided a transaction history as has been common practi 2) 1912K24- donalion? for £20 marked in accounts as Cushion enco. was what added as her reference but it V4as to bts pul lo￿aid& If￿ seat cushions. 12124 No formal receipt avaiiatsie for Seat Cushion purchase on 712124101 £200. ' Photograph of original Invol￿ provided