Brae Community Hall Annual Report and Unaudited Receipts and Payments Account For the year ended 30 September 2024 (Charity number SC047884) Brae Community Hall TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees have pleasure in presenting their raport together with t1￿ receipts and payments accounts and lh8 ind8p8ndent examinels report for the year eThJed 30 September 2024. REFERENCE & ADMINISTRATIVE INFORMATION Charlty Name Brae Community Hall (SCIO) Charity Number Scottish Charity NLxnber SC047384 (Brae Communlty Hall) Committee members of Brae Community Hall Contact address STRUCTURE, GOVERNANCE & MANAGEMENT Re¢rultment and appointment of TrustOOS I ne Lommillee"s office Dearers are appointeo Dy Ine committee ai me Annual benerai Meeling. The M￿muM number of charity Iruste9s is 15 and the minimum number of charity trustees is 5 The individuals who signed the charity trustee d8claration fomis which accompanigd th• application for incorporation of the organisation shall be deemed to have been appointed by the members as charty trustees with effect from the dale ol incorporation of the organisation. At each AGM. th¢ members may elect any membèr unless they are debaTred from membership to be a charity trustee. At ea¢h AGM. all thè charity trustaas rnl￿t retire from office- bJt may be re*le¢led. Goveming document The charity Is incofj￿rated as a Scottish Cha￿table Incorporatèd OrganiSatic￿ (SCIOI. The Bra8 Community Hall is Ir￿)rporated by use of its constitution which serves a$ its 90￿MIng docurnenl. OBJECTIVES AND ACTMTIES Charhable pu￿0$¢$ Our purpose. as racorded in our (xinstitution. are the provision of recreational facilities with the obp(* of Improving the condiliions of lrfe for tha bonefft of the community. Actlvltles. achievements and p•rfom?an¢ The Brae Hall rernains a thriving community asset and was used gxtensively throughout the Trustees. romuMratl¢Jn and ex￿n￿*S The ITUStees did not recxive any remunerat￿￿ or expenses during the year. Plans forfutum ￿TIOdS Th8 committèe and trustees will con￿nUe and develop the service the Brae Hall provldes to the community Flnanclal R•vl•w and R•sgrves Poll¢y Income has increased in the ye¥. Thero w89 a Su￿1V5 of £8,873 in the year. This leaves Ihe charity with funds of £71,706 at the year end.The tru&lBos con#ider this will enable them to continue the hall in future. Approved by the trustees and Sign￿ ￿ their bthall Brae Community Hall RECEIPTS AND PAYMENTS ACCOUNT For the ar ended 30 Se tember 2024 2024 2023 RECEIPTS Donalions R8ceipts Irom Ghantable adlvilies Bar sales Function income Hires and rents Telephone, eleCtri￿ty and gas MIS￿lIaneOUS Output VAT VAT refunded Granls received 33,445 4,106 9.035 699 19,777 3,062 3,783 670 244 4.627 2,598 353 9.723 TOTAL RECEIPTS 57,008 35.114 PAYMENTS: Cost of Gharilable adiwlies Bar purchases Function expenses Repair5 and maintenance Telephone, electiicity and gas Water rates Telephone and broadband Insurance Cleaning Licences Stationery and advertising A¢countan¢y Professional fee8 Bank charges Miscellaneous VAT payments Input VAT Gov8mance costs.. Independent examination 15.180 8,389 2,844 3.743 8,473 2,233 2.522 6,223 2,258 468 3,393 2,654 1,633 163 313 626 3.069 1,081 858 226 400 400 125 55 6,809 5,020 4.260 750 750 (48.135) 37,374) Payments relating to assets.. Equipment purchases TOTAL PAYMENTS 48,135 37,374 Surplus l (deficit) for the year 8,873 2,260 Brae Community Hall STATEMENT OF BALANCES 30Se tamber 2023 2024 2023 CASH FUNDS Opening cash and bank balances 62.233 64,493 Surplus I (deficit) for the year 2,260 Closing Cash and bank balances 71,106 62,233 Represented by: Treasurers account Cash in hand 70,390 715 61.433 800 71,106 62,233 OTHER ASSETS Equipment 19,109 19.109 All funds are unrestricted. Approved by the Tmstees and signed on thetr tehalf Brae Community Hall NOTES TO THE ACCOUNTS 30 September 2024 PRINCIPAL ACCOUNTING POLICIES BASIS OF ACCOUNTING These accounts have been prepared on the Receipts & Payments basis in accordance th The Charities & Trustee Investment IScoWand) Act 2005 and the Charities Accounts {Scoland) Regulations 2006 las amended). CAPSTAL COSTS The capital costs of the building, fixtures and fittings afe included in the inwme and expenditure account as they are incurred. FUND ACCOUNTING Unrestricted funds are available for thè use at the discretion of the trustees in furtherance of the general objeclives of the charity. TRUSTEES EXPENSES AND REMUNERATION The trusteas received no remuneration or expenses in the year. 2024 BAR TRADING ACCOUNT 2023 Cash sales Invoiced sales aNwditing payment Bar sales 33.445 19,777 33,445 19,777 Less Opening stock Purchasès 3,627 15,180 3,213 8.389 18.807 11.602 Closing stock Cost of sales 3,627 15,180 Gross profit 18,266 11.802 Gross profit percentage 54.61% 59.68% Brae Community Hall NOTES TO THE ACCOUNTS 30 September 2023 REPAIRS AND RENEWALS 2023 2023 Electrical repairs Miscellaneous repairs 3.359 384 3.743 During the year payments for electrical repairs were paid to C Clark Electrical a business run by a connected person to a trustee. These payments totslled £1,839.36 (2023 - £3,050.38). The balance outstanding at the end of Ihe year was £nll (2023- £nil). All payments were approved by the Committee Members. EQUIPMENT PURCHASES 2024 2023 Dishwasher Independent Examiner's Report to the Trustees of Brae Community Hall. I report on th? accounts of the charity for the year ended 30 Septernber 2023 which are set out on pages 1 to 7. Respective responsibilitles of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the temis of the Gharilies and Trustee Investment {Scotland) A¢1 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) {the 2006 A¢counts RegLtlations). The charity trustees consider that the audit requirement of Regulation 10(1) (dl of the 2006 Accounts Regulations does not apply. It is my responsibility lo examine the accounts as required under section 44(1) (¢) of the Act and to state whether particular matters have come to my attention. Basis of independènt •xaminer'8 Statement My examination is ¢arried out in accordance wth Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.11 also includes congider2tion of any unusual items or disclosures in the accounts, and seeks explanations frorn the trustee$ Con￿rning any such matters. The procedures undertaken do not providg all the evidence that would be required in an audit, and Consequently I do not expr858 an audit opinion on the view given by the accounts. Independent exarnlnetrs statement In the course of my examination, no matter has come lo my alt&ntion . which gives me reasonable cause lo believe that in any rnaierial respect the requirements: to keep accounting records in accordan￿ with section 44{1) (al of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the ac¢ounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met,or 2. 10 which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. NGR Accountancy Ltd 39 Nederdale Lerwick Shetland ZE1 OSA Dale ." 22 March 2025