POLBETH COMMUNITY HUB, SCIO FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Charity No SC048906
POLBETH COMMUNITY HUB SCIO. SC048906 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDEO 31 DECEMBER 2023 CONTENTS Page Contents Referellcc and Administrative Detsils Independent ExaD]in¢ls Report Ttees, Report Statcmellt of Financial A¢tivities Balance Sheet Notcs to the Financial Statements
POLBETH COMMUNITY HUB SCIO, SC048906 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINISTRATIVE DFTAILS Trustees ReRistered Office Polbcth Lominunity Hub Folbeth Village Hall Polb¢th H55 8SD Banker5 Virgin Moncy CairnLbum] House Almondvalts Boulevard Living8ton EH54 6QL Independent Examiner Nathan Grace IAd 6 Honrstcad Lall¢ Bucking1 MK18 2RU
POLBETH COMMUNITY HUB SCIO, SC048906 FINANGIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 INDEPENDENT EXAMINER'S REPORT FOR THE YKARKNDED 31 DLCEMBKR 2023 I report to th¢ tru8tees onmy ¢xam2natioD Df th6 fin&llGLal 5tatcmcnts ot'PoliKth LDmmw]ity Hub SCIO C¢h¢ ¢h4rity'l fur th¥ ar e]hded 31 DeLgmber 2023 Respectlv¥ respunsib5llUes of Tru&tee5 FJXAm1er I'he GILarity8 Intr¢S are responsible for the prepatation of the accowth ill accurdallL¥ wilh th¢ terDJS of th¢ Charilics lllld'l'm8lee Inveslm¢Dt (Scotland) A¢t 25 alld the chltiES Actounts (Scotland) Regulatitsns las amended). The tharitys trustees ¢otkider that the audit requiremwLt of Kylatiort 10 (1) (ft) to (L) uf the 2Q06 Ac¢owits kngulutious does not apply. It i8 Lnyrespoi]sibility to examine the a¢cowits 2$ tequired llnder qection 44(l) (c) ol th¢ AGI alld to $tal¢ whethcr particularmatter3 have comei to my att¢ntio Basis f Independent JLx#mlner'8 Statemwht My exarriliun is barri¢d oul iii &cci)rdanGB R¢gulatioD 11 of thc Charitics Accoullts (Scotlulld) Lic8ulati¢n$ 2006. An exatijittation ittcliides a of Ihe aw(bunLin¥ recorils kept by thc cliarity nd tt COrISOn of th6 ttccounts presented with those records. It al80 itt¢lude8 consideration of ally lus1 il¢rth% r di5LIosUKS ill t] acci)uiits. and $eelr8 explllnaliotts from th¢ trust¢es conccEnitig uch m&iieis. The pedureS uttdertsken do not ptoTriife dll Ihc cvi1ILI)Gb thal. would hc rcquiitd ill an dil and consequently I do llot eXptr an audit opitjtotk on the 8ivett bythe accounts. llldèpendent EK#miller's Statement In th8 course of my examination, no rn&tt¢rha8 Come to my attotttion: which givcs i¢J¥¢)nablc cau5G tv b¢lsLI'C thit, itt atty m&terio1 resp8Gt, tho reouir¢mcnts io ke¢p alwiting records accordallc¢ with SeLiDn 44{IXz4) of th¢ 2005 Abl aixl Regulation 4 of the 2006 A¢¢ounfs KcKLdatiOlls' and - to P[uptt accounts Fhiob aecordwith the a¢c4)Lmtingi¢¢ords RL]d to (xkmply with Regulatioll 8 of th¢ 2006 Accounts RegulatioDS h&ve notb¢tll meL' or 2 to whiLh, in my opiiiion, atteDtiOJl Should be drawn ordcr to ¢nablc & propcruttdcrstallding of th accow)ts to be reacbed.
POLBETH COMMUNITY HUB SCIO. SC048906 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 RPoRT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 The trustees &re pleased to prcs¢nt thÈir annual trustees reporttogethcr witb the fsoancÉal statements of the charity for the year 31 DeGember 2023 Tlxe ficlaI statements comply with the Cbarities and ThJsteB Illvcstjnent (Scotla1) Act 2005 and tbe Charitics Accounts (Scotland} Reglllatiolls 2006 (as aEnellda}. Our puyposes and Activities Thc pTr]rpose of the charity is ihe promotioll ofprojects aimed at imwovennt of tbe euviroFJment in vicinity of Polb6th in West Lothian. St£tre. Goyernanco MHnagemeDt Polbeth Community Hub is a S C l O and ig register inscotlatsd. Flllallci81 Revle The results fgr tbe year are detailed on the Slatemcnt of Financial Activities. Thc board of thislees are salisfiedwith the peEfomMnce of the charity during tbe ycar aDdth¢ Position as at 2023. Itcy ¢otLsidcrthatthe charity is iti a strongposilion to continue its activities during the cothing year and tbat tlLe charitJ4s ets are 8dequ8t¢ to fidfjl its obligations. Reserves Policy The trustees wi8b to llmintain gen¢ral fuTh(1s' at a levEI to provide suffici6Lt fid8 to mcct Ib¢ rat¢5 liability and to CODtinue to makc charitable expenditure amounting to at l¢ast the clt level. Rlsk M2ThagemeMt The trustccs aTC a$stssing the rnajor risks to which the charity is exposed. in particular thos¢ relating to its operations and finan¢es, ill ord¢r to put systems in place to mitigate exposure to the major risks. Plans for theFuture The charkty plans colltillUiDg tbe activities in the forthcoD]ing year subjed lo &&tisfactory fi]ndtng arrangements. Trustees Induction and Tr&iDillg Most trllstc are already familiar witb the pra¢ti¢al work of the charity. AddRtionally member5 are itivitsd to meet with the dir¢¢tors and are given thE pr¢0S yefjTI minute8 of meetings, latest fan¢[al statements attd also the booklet 'Guidallce for Chlty Trustees, produced by OSCR. The booklet fully outlirLCS the dutie6 and responsibilities of CTharity Trustees in scotld. When needs dictate the Board will atso have a tr&ining dayto discu strategic pl8ntiing and organis&tional devdopD]£nts.
POLBETH COMMUNITY HUB SCIO, Sco406 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YF_AR ENDELI 31 DECEMBER 2023 .REPORT OF THE TRUSTEES. (Contd.) FOR THE YEIIR NDD 31ST DLCElVtBER 2023 RupDAsAbllltie5 Df JloArd of malE[ct The h'd ofdirectors (Ivho ars dlgJ ITUSt¢es Df ¢lLe ch&rity for the putyoses of charity law} aTC T¢8pottsible for preparing finunoial sEaie]nenis for each fuiaticial year whibb ¥iv¢ a trL7C aiid frtir view of tb¢ state of afra1 of the charitsble ¢otnpaThy and of its illcoming resources and application ufr¥stsiiiLeli, jllLludin8 the net incorrK 4nd cxpcllditUT¢, tor thc fmaD¢ial y¢8r. In preparing thes¢ fthanciat st8temellts tFAe dir013 #re required to: select suit¥ble acctsuDting po]iGi¢b thGn apply Ihtm cni?4istelltly. observe the nthodS and prinGipl&s of thc L'h4rits¢s liORP,' tyhake judgemellts estimates that ar6 reasoDable pThent.. prepare financial &t8tements on the going micern basis unless it is inappTopriate to presT]me tbat th¢ rhaTity will cojilinue in bgine$S- state w¢t1r applicable &ccountillg standards and statements of r¥com¥nEnd6d ptIre hayc bc¢n lollowcd, subject to wy maknial rfeptures disrlosed and explaineil iii LI finonGial statcm¢nls. Tho tru5tsxs are responsible for tnaititainillg adequate a¢c¢)utstin8 e0rd5 tbat di10¢ with rea8onable accura¥y 4t auy li lh¢ Ill1101&1 poiiti(sn of thts olwity and to Cll*Lble them to ¥tysure tbat the fiThallLidl statements Lomply with thc CharRties aTid Tru.¥lckn In81ct (Scotland) Act 2005 and thc Charitics Accounts (b¢otl&nd) Re8ulations 2006 (as amended). They are alsu rttspi)nxible for 8af¢8uardingihc 95S¢ts of tho chariry and h¢n¢e forknkitigrea8onabk Steps for the prevention d detection of frdixi and ()th¥i' iTTesulariti¢s.
POLBETH COMMUNITY HU8 SCIO, SC048906 FINANCIAL STATEMEtWS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 OECEMBER 2023 STATEMENT OF FINIINCIAL ACTIVITIES FOR THE YEAR ENDED 31ST.DECENBKR 2023 2023 2023 2023 2022 ote Unrestricted Restricted Total Total Tncome from.. Grants and Colltraots Dollations Legacies Charitable Activities tnvcsttu¢L¢ Jncome Total tncome Bxp¢nditLJre Oll Cbaritable Activities Total Exp6llditLWe 12,840 8,418 33,6(M> 138,095 150,935 8,418 33,600 26 192,979 98,515 23,157 14.939 20 136,631 54,884 138,095 5Q,-498 50.398 144.742 144.742 195,140 195 140 209,376 209,376 Net lttcomel(Exp¢nditure) 4,486 {6,647) (2,161) {72,745) Reconciliatioll of Futtds Funds brought Forward Funds Carried Fonvard 38,343 42,829 42,666 36,019 81,009 78,848 153,754 81,009
POLBETH COMMUNITY HUB SCIO, SC048906 FINANCIAL STATEMENTS AND TRUSTEES REPQRT FOR THE YEAR ENDED 31 DECEM8ER 2(Y23 BALANLLf SHEJrf AS AT 31ST DECEMBER 2023 2022 {£) NDtB (£) LU1{REN ASSETS Debtors & PrepayEDenls Ch at Bank & in HtttLd 888 80,967 846 80.314 TOTAL CURREwf A&8EI'S 81,856 81,160 C.rcditOT.s falling duc within onc ycllr 13,703) (151) NET LUIUIBNT ASSB'I'S 78,153 81,009 NET ASSEIS £78 153 £81,009 Re6triGted Funds Tlnre8triGted Revenue Fu]K] 36,019 42,829 42,665 38,344 TOTAL CHAIUTY VUNDS £78,848 £81.(K19 Thc fu)anGial $lafcEnGnts wcrc Lpproyed by the Board of TN81e¢8 on 06 DecBt 2024 were sigrled its beba]f by
POLBETH COMMUNITY HUB SCIO. SC048906 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 NOTES TO THK ACCOUNTS IfOR THE YEAR ENI)ED 31SY DKCEMBER 2023 l Actounting Polf¢1¢5 The prillcipal accoutrlitkgpolicies adopte judgen]cDts attdk¢y sourc¢s of esbmation uxcertainty ill th¢ preparation of thc finthll¢ial StatCn)ts are lls follows.. Bask of Prep%ratlo The finallcial slalem•Jts have beenpropared iTh a¢[dae with Accountuw and Reporiitig by Cbariti¢s'. Statement OfRecommeted Practico applicabl$ to tharities preparEJJg theiraccouLts in accordaDC¢ Wit thc Financial Rcportits£ Stattdard &pplEcabl¢ in the iiKottd Republi¢ of Ireland (FRS 102) (¢ffeGtiv¢ Jattuiry 2019) (Cb4Tities SORP (FRS 102), TbE ¢]wfjtyis a public benefit entityas definedbyFRS JO2. FuDd Atcoll#ting ut£5¢[¢t¢d funds are avaiS&ble for use At the di8¢rdaon of the ttugtees in furth¢rawe of the geller&l obj¢ctiv¢S of the charity. R¢5tTiCted are sthjcct to r¢stri¢tions Ott th¢ir¢xpeDditur6 IpOsed by the donor or tbrr>ugb the tern of dn dppea]. IDtome Recogrtitioll InGom¢ is Iccognised whett the charity has tntitlementto Ibe fullds, auyperfotmattce coDdition8 xtt&¢hcd to thc item of incott)$ have b¢¢ll Tn6t, it is probable that the iticotne will bo [C1V¢d &ttdtbe amount bertjtttsured r¢asonable certaiLty. xpendlture RedogDttiott Litsbi]ities ar¢ recogDi5ed as oxpcnditure as Soon as there is a legal OT WJ)strLKCtive obligatio conJmittinB the charity lu that exp¢ndittwe, it is probable that settlement will bc required alld the amouut of the obligatiull Call be meH$uted reIiably. aT¢ Statcd inclusive of irrewvertsble vat. GolDg Concern At tb¢ ti]n¢ of approving th¢ fiDallGial slaltmeDls th¢ directors (Mtho arc knDwD trust¢es for th¢ pwpose of charity law) have a rcasoJJabl¢ ¢xpeotstion that the charity hBs lldequate resources to tktinue xti operational exislEnce fur Ihc forse¢abl¢ ture. Thus the directDTS cottlinuo to adopt the going concern basis of accounting illpreparing the fijjattcial 8tatwKnls, The directors ¢onsid¢rth#t there 8re no mateTi&l UThGertaintie8 about the chwtity's ability to co¢]ne as a goillg coDc¢rn. 2 T*satloD As a ¢h8rity, Polbeth CoJLmuDity Hub IÈ exempt from lax on inw]ne gal fallillgwithiD the provisiolls of ilkB ED¢ome and Coxpor&tion Taxes A¢t2010. No tsx cbarges hav¢ ariseD in the chority.
POLBETH COMMUNITY HUB SCIO. SC048906 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 3 An#lysls of Income 2023 2022 UDrcstrl¢ted Restrkt¢d GtaLts and Contraets Robertsoll TNst WLC Third Sector West Lothian DevelopmcntTnst VSGW Food Netwod( Portac&biL WLC Town Centre Fundillg Volulltary Sector Gatsw2y Wcst Lothiall CobAcil-RCLD fulldiDg Leven%at.I[llst1Ad Inipact FuttdittgParM¢rs, Nal'I LuÉlery CommuThity tL8d WL FoodN¢twork WLC- AdultIkartiiti8 Sumwerof Fur Other 12,000 45,677 24,760 5,775 12,000 45,677 24.760 5,T15 13,81X) 21,485 9,852 9,000 16,130 7,732 18,761 10,260 9,000 16.130 7,732 18,761 10,260 19.084 14,982 5500 4168 9644 Total 150,935 150,095 98,515 Charitablc Activities Dollgtion6 Interest 33.600 8,418 26 33599.69 8418.28 26 23,157 14.939 20 42,044 150,935 J92,139 136,631 4 Debtors 2023 {£1 2022 {£1 Trade Debtors 888 846 888 846 5 Cash at BaJk & OL 118lld 2023 {£1 78,204 2763 (£} 79,944 370 Current Aewwit Cash on Halld 80,967 80,314 6 Cr¢ditors 2023 1£) 734 2969 Z022 (¥ 151 Trade Creditor8 Oth¢r CteditotS 3703 151 10
POLBETH COMMUNITY HLI8 SCIO, SC048906 FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 7 Ch4ritAbl¢ Activities 2023 2023 Unrestrltted Il£strAct 2023 Tot#] 2022 TotAI Staff Co8ts Repdirs & Maititenallc¢ Cotssumables & Supplies Ligbt, Power, He8tillg Collsulting Staff Training Legal & Profcssional Pecs Cleaning T¢l¢phone Jnsur&Dc¢ SubscriptioDs Office Costs 43,533 4,673 9,630 11,673 6,326 4,555 5,712 E.915 1,922 1,641 788 880 36,706 22,292 27,472 80,240 26,965 37,102 11,673 8,076 4,555 5,712 1,968 1,922 1.641 932 1,586 109,095 15,429 29,319 10.364 2,494 14,039 19226 1,900 2.005 1,600 900 3,005 1,750 53 144 706 93,247 89,122 182,370 209,376 Net opeming MoYemÉut 2023 Closlng 4,910 3,317 240 1.690 9,183 14,707 8,572 840 1,533 250 757 419. 6.271 8,851 1,190 255 85 527 13,205 373 170 183 130 -2954 2,161 6,600 12,500 14,947 8.572 840 WL Development Trnst WL Third Sector MoThisons ASC Food Prep Albert Hwit Asda Awards for All Comm Lottery- Exten810tt Nat [ttery CommunityL Nat LottEryPortacabi scvo Sun)mer of Play Summer DfFutt W¢st CalderHarburn CDT WL FoodNetwork WLC Food Event WLC Adult Training Cash forKids Chtistmas Decorations Unrestriclcd 1,533 250 757 419 6271 8851 1190 255 85 527- 13205 373 170 183 130 38,343 81,009 35,389 78,848