OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-08-31-accounts

GOUROCK HERITAGE & ARTS

Annual Report & Financial Statements

For the year ended

31 August 2021

FOR THE YEAR ENDED 31 AUGUST 2021

ANNUAL REPORT & FINANCIAL STATEMENTS

CONTENTS

Trustees’ Annual Report ...................................................................................................................... 3 - 5
Independent Examiner’s Report .......................................................................................................... 6
Statement of Receipts & Payments ..................................................................................................... 7
Statement of Balances......................................................................................................................... 8
Notes to the Financial Statements ....................................................................................................... 9 - 10

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2021

The trustees are pleased to present their report and financial statements together with the independent examiner’s report for the year ended 31 August 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name Gourock Heritage & Arts Charity Number SC048670 Principal Address Gourock Municipal Buildings Suite 4 and 5 Heritage Centre Gourock PA19 1QZ Website Address http://www.gourock.online/heritagearts.html Current Trustees Chair Secretary Treasurer Bankers Clydesdale Bank 100 West Blackhall Street Greenock PA15 1XR Independent Examiner

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2021

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing Document

The charity is a Scottish Charitable Incorporated Organisation (SCIO) and received charitable status on the 30[th] August 2018 with the charity number SC048670. The charity is governed by a Constitution.

Appointment of Trustees

The Charity Trustees who are the members of the charity, make up the Board of Trustees.

Under the Constitution, there must be a minimum of 5 trustees and a maximum of 12. Charity Trustees can serve for a maximum of two 3-year terms of office. They are not eligible for re-election after two consecutive terms of office until a period of one year, in which they have not been a Charity Trustee has passed.

Employees of the organisation cannot be nominated as or become Charity Trustees.

Organisational Structure

The organisation is comprised of Members, Associates and Charity Trustees

The Charity Trustees are responsible for setting the strategy and policies of the organisation and where there are no employees or managers appointed, they are also accountable for the organisation’s day-to-day management. The Charity Trustees approve the membership applications.

OBJECTS & ACTIVITIES

Charitable Purposes

The Organisation has been formed to benefit anyone living, working or with a family connection to the community of Gourock (PA19 Postcode Area) with the following purposes:

Activities

Gourock Heritage and Arts aim is to deliver projects and regular events with a Heritage Focus, this will target members of our community who may be lonely and isolated.

ACHIEVEMENTS & PERFORMANCE

Due to the COVID-19 pandemic, Gourock Heritage & Arts have been closed since March 2020.

The Charity Trustees have made the conscious decision that the Digital Heritage Space project will no longer go ahead and at the present time, they are unsure, exactly when the charity will reopen.

FINANCIAL REVIEW

Overview

Income of £74 (2020: £35,356) was received with the main source of income was donations.

Expenditure totalling £1,708 (2020: £7,227) were made carrying out the charitable activities. At the end of the financial year, the charity had a deficit of £1,634.

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2021

Donated Facilities & Services

We currently have five regular volunteers, who assist with running the activities, and help the organisation achieve its objectives. The Trustees would like to thank the volunteers for their service.

Reserves Policy

Reserves at the end of the year were £6,677. There is currently no reserve policy in place, but the Charity Trustees will discuss this at future meetings.

FUTURE PLANS

Our future plans are on hold at the moment due to the pandemic, and we will need to assess the future of our organisation once restrictions are lifted and any changes in directions as a consequence of this.

APPROVAL

This report was approved by the trustees on 5 August 2021 and signed on their behalf by:

Trustee

INDEPENDENT EXAMINER’S REPORT

FOR THE YEAR ENDED 31 AUGUST 2021

Independent Examiner's Report to the Trustees of Gourock Heritage & Arts

I report on the accounts of the charity for the year ended 31 August 2021, which are set out on pages 7 to 10.

Respective responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ("the 2005 Act") and the Charities Accounts (Scotland) Regulations 2006 (as amended) ("the 2006 Regulations"). The trustees consider that the audit requirement of Regulation (10)(1)(d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts under section (44)(1)(c) of the 2005 Act and to state whether particular matters have come to my attention.

Basis of Independent Examiner's Statement

My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner's Statement

In connection with my examination, no matter came to my attention:-

  1. which gives me reasonable cause to believe that in any material respect, the requirements

  2. to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and

  3. to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

  2. 6 -

STATEMENT OF RECEIPTS & PAYMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

Receipts
Donations
Grants
Trading Income
Payments
Charitable Activities
Governance Costs
Independent Examination
Net movement in funds
Transfers between funds
Surplus/(Deficit) for year		 Note Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
5
6
7
8		 £
£
£
£
68
-
68
533
-
-
-
34,150
6
-
6
673
74
-
74
35,356
(13)
1,321
1,308
6,807
-
-
-
-
400
-
400
420
387
1,321
1,708
7,227
(313)
(1,321)
(1,634)
28,129
-
-
-
-
(313)
(1,321)
(1,634)
28,129

The Notes on pages 9 to 10 form an integral part of these accounts.

AS AT 31 AUGUST 2021

STATEMENT OF BALANCES

Funds Reconciliation
Balance as at 01 September 2020
Surplus/(Deficit) for year
Balance as at 31 August 2021
Bank & Cash Balances
Cash at Bank
Cash in Hand
Liabilities
Independent Examination		 Note Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
7,090
47,261
54,351
26,222
(313)
(1,321)
(1,634)
28,129
6,777
45,940
52,717
54,351
6,745
45,940
52,685
54,319
32
-
32
32
6,777
45,940
52,717
54,351
100
-
100
400
100
-
100
400

The Notes on pages 9 to 10 form an integral part of these accounts.

These accounts were approved by the trustees on 5 August 2021 and signed on their behalf by:

Trustee

Trustee

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

1. Basis of Preparation

These accounts have been prepared on the receipts & payments basis in accordance with:

There have been no changes to the basis of preparation or to the previous year’s accounts.

2.

Fund Accounting

3. Taxation

4. Transactions with trustees and related parties

5. Grants Received

National Heritage Lottery
Grants to Voluntary Orgs
Participatory Budgeting (PB)		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
-
-
-
34,150
-
-
-
-
-
-
-
-
-
-
-
34,150

6. Income from Trading

Sale of Greeting Cards
Sale of DVDs		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
6
-
6
673
-
-
-
-
6
-
6
673

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

7. Payments relating to Charitable Activities

Project Research
Administration
Small Equipment
Stationery
Health & Wellbeing
Salary Costs
Events		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
-
1,321
1,321
3,785
(13)
-
(13)
1,204
-
-
-
275
-
-
-
81
-
-
-
720
-
-
-
140
-
-
-
602
(13)
1,321
1,308
6,807

8. Movements in Funds

Unrestricted Funds
General Fund
Restricted Funds
Participatory Budgeting (PB)
National Heritage Lottery
Total Funds		 As at
As at
31/08/2020
Receipts
Payments31/08/2021
£
£
£
£
7,090
74
(387)
6,777
13,111
-
-
13,111
34,150
-
(1,321)
32,829
47,261
-
-
45,940
54,351
74
(387)
52,717

9. Purpose of Funds

Participatory Budgeting

National Heritage Lottery

Restricted funding for the ‘Theatre Without Walls’ project. It was received towards the end of the current financial period and expenditure will occur in the next period.

Restricted funding to be expended in the next financial year for out Digital Heritage Space’ project, currently on hold due to the pandemic.