CHARITY REGISTRATION NUMBER: SC049044 The Victory Hall, Benderloch {SCIO) Unaudited Financial Statements 28 February 2025 R A CLEMENT ASSOCIATES CHARTERED ACCOUNTANTS Chartered accountants 5 Argyll Square Oban Argyll PA34 4AZ
The Victory Hall. Benderloch (SCIO) Financial Statements Year ended 28 February 2025 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activrties Statement of financial position Notes to the financial statements
The Victory Hall, Benderloch (SCIO) Truste•s' Annual Roport Year end8d 28 February 2025 The trustees present their repcrt and the audIe¢ fina81 statements dthe chwty forthe year ended 28 February 2025. Reference and admlnlslratlvg detalls RegS$tered charlty njme The Victory Hal. BeThJerloch ISCIOI Charlty reg1strlon umIr PrlncSpal offlc• SC049044 C814 Benderf¢xh PA37 1QP Thfr tru$toe8 Independt oxamln•r A ClwnontAsg0¢i8te8 CA. rgy qLtarè Oban Aiqyll PA34 4AZ StruGtur•• govemaTrce and nMnag•rneM Th• Charity w88 ¢onBliluled 8$ a Scottish Charilabkn Incorpora¢•d &gani110n (SCIO} on 11 February 2019 and Is govomed by rt$ written consttrtution. Risk rnanagernent The Iwstees havo assessed the rnaior nsks ts which the eh8rty Is exrosed, in particular those rolaled to the operations and finance of the Charity. and are satisfied that 5ySterns Ire in place to m*igale our exposure lo the majoi risk.
The Victory Hall. Benderloch {SCIO) Trustees, Annual Roport (¢onthue4 Yéar anded 28 Fobruary 2025 ObJ•ctlves and actlvKIoS To prorrKJle tho well-being of the Community livin9 in Led&g and Benderloch Ihweinaft¥r to be known as the tJ"slricll by a$soci¥lirvJ with Ic¢al aulhorities, voluntary organisations and residents in a cormion èffort lo promote $ock?l activities. lo foster a community Spirit, to jnCe education. lo provide a meeting placè and facilities fof physical mwtsl training and r•crg•tion and sccial. moral and intellectual development and to achieve such other ains as may be detemined by the Committee. - The advancement of education. - The advan¢ement of cil2enship or community d&ebpmenl, The provision of recr8alional facilities. or the ofganisatson of re£reali)nal actVits, wlh the object of Improvlng tho condrtions ol life lor the FersorB for whom the IlIrtieS ty activities are primarily intended Achlevem¢nl$ and perlomn¢• In Mar¢h th• hall had its f¢ indoor (xr boot 8ak. It rei8ed a good •mounl of money. and the committee agr88d to rèpeal it, findiro thai 8 reguL9r day o•ch month is Klal. We also ran a bar lor various pub nights and music nights. 8nd a pub quii. which •ll contributad to h•1 fvnds. In June Ihe hall was awarded a grarl 01 £2,500 from Argyll & Bute cour11.5 Supportiro Comrnunili8S fund. lo pay for our community engagement project. Another £600 tcwards the preject was received from the Ardchattan Communlty Coun¢ifs Barrs Hydro lund. The project was carried out in DecemberlJanuary and the full report rnade 8v&lable in February. Feedback from the report will inlom lulure relurbishm&nls and developments, whrh wil reqLire consKlerable fuTrJraising lo implement. Th• committee ran the usual ChrislmEs Fvyre and a9aln Proded a soup lUrh for the b)xlng day cyclg rido, both ol whlch made M¢1 for hall funds. There ware sub$lanlial costs ¥$$ts¢ralfjd with Ih• T•r•wo1 of th• hall'ts Put4iG Entertainment Lvnce, incbjding £1,278 lor PATI•ing and EICR. Thg hall'5 new ele¢tri¢ty contrxt has reded costs con$id•rably. wlh unit ratès b8ing haed. Flnanclal r•¥lthT PrSnclpal r15ks and uncfjrtalntles The difo¢lors have &xamineJ the ¢harty's exposure to straleglc, Trnan¢Pal, bu51ness ano operational risks. Tho directors •w saltsfied that adequate sy$tems procedures are In place. in¢luding the annual rèvigw of a risk regi$t¢r. RNk mgot1¢n and any changes to the idertifitrd Tisks are worded i the minute$ oflhe Board m¢&lings. Reser¥e$ pollcy The policy of the charity is to aim to retsin $uffKienl erVeS to meet the cost of regUt8r conmilmenls. The Irustees, annual report was appThed on .. . .. .. aThJ svJned on behatf of the board of Tru*ee
The Victory Hall, Benderloch (SCIO) Independent Examlnor's Report to the Trustees of The Victory Hall, Benderloch (scio Yoar ended 28 February 2025 I report lo the trustees on my examnation of the financial statements ol The Victory Hall. Bender1h Iscioi I'the tharity) for the year ended 28 February 2025. Responslbllltlw and bash of r•port As the trustees of the charity yw •re responsftl& lor th• prapar¥tion of ihe financial staltsments in attordance with the reouiremènls of the Chantie5 and Twsl¢e Invoslrnont {Scolland} A¢t 2005 Ilho '2005 Acl'l and the Chanties AccoLmls {ScdlÈnd) Regulation$ 2006 la$ amendodl. You are satisfied that your charity is not required by Chanty law lo be audited and have chctsen instead to havo an independent examination. I report In re$pe¢l of rny examination cl the charily's financial statwnents a5 rarried oth under seelion 4411llc) of the 2005 Act. ln carrying out my examination I have followed the requirements of Regulation 1101 the Chaililes Accounts IS¢c¢iand) RegUb"OnS 20LE la$ amendèjl. Indepondent 8xamln•rfs •tat•m•nt Since tho charity h88 propor•d its 8¢ccunl8 on an accr18 b4¥is ytsur exarnin•r must b? a member of body listed in Regulation 11121 of th8 Ch•rities Aceounts Iscolknd) Regulations 2006185 8mtsn¢edl. I can confirm that l am qualified lo undertkè the exarninalion ba¢•use l a registered member of the Institute Df Chartered Accounlls in England and Walés IICAEW> whh 1$ jno of the Ii$l•d bodies. I have completed my examinaliDn. l ¢onfirrn that no mattws hav• come to my attention giwng me cau lo believe th81 In any material respect: ounling recor¢Js weT$ not kekx as required by secbon 4411){al of the 2005 Act 8nd Regulalicfi 4 01 the Charit$ Accounts Iscollandl Regulations 20ffj1a$ amended),. or the finan¢i•l $talomffit6 do not accord bmth thoae records,. or the financial slalemenls do rol compty wth the accounting r•quirèmenl8 Df RegulBtion 8 of the Charrt¢es Accounts (Scotlandl Regulat)nS 200618$ 3m•n4edl. I hove no c¢ncerns 8nd have across no othermatters in connection with the examinallon to which 8ttenllDn $hcuhJ be dr&vn in this report in ordgr lo en&le a proper understanding of the a¢¢ounts lo be F4 A Llcrr.enl Associa Independent EKaminer SGA 5 AY11 Squgr* Oban Argyll PA34 4AZ
The Victory Hall. Benderloch (SCIO) Receipts & Payments Account Year ended 28 February 2025 2025 Restricted funds Totsl funds Total funds 2024 Unrestricted fvnds Not• Income and endowmonts Donations and legacies Charitable aclivrties Other trading activities Investment income Other income 4,565 223 10.364 4.565 223 10,364 30 4,215 10,427 21 12,200 Total Income 15,182 15.182 26,863 Expendlture Expenditure on charrtable aclwities Total oxp•ndltur• 9,10 14,228 1,936 16,164 16,164 27.¢JOO 14,228 1.938 27,000 Not •xp•ndlturo and not movorn•nt In fund$ 954 (1.936) 19821 11371 RfjconclllatFon of funds Total funds brought forward Totsl funds c•rrled forward 5,398 5,398 5.535 6,352 11,936} 4,416 5,398 Thg slalement of finan¢io18ctivities includes all gains and losses re¢ogni8ed in the year. All incorne 8nd expenditure derive fiom eonlinuing aclwrties. Th• ntsts• on p#g 6 to 12 lomi part ofth•8e lIn•141 4tat•m•nts.
The Victory Hall, Benderloch (SCIO) Statement of Balances 28 February 2025 2025 2D24 Nol• Bank & Cash B•l8nce bff 5.398 5,535 28.683 127,000) 5.398 Receipts Payments B•lanc• clf 15.182 116.164) 4.416 Oth•r A88•tss H•ld Fixed Asset8 Herilablg Propety Improvem1$ lo prope Fixtures & Fittings 30.70S 3.SSS 14.616 48.777 Sloek Comrnunty engffjement Accruals 1,625 2,500 720 These financial statements were approved by Ihe board d trustees and aUthOred for i8SU8 ¢)n gand 8re 4igned on behalf of the bcord by.. Trustee Th• nolw• on p•yM 6t0 12 fonn p•rt o1th08¢ nnanc131 sl•m•nI9.
The Victory Hall, Benderloch (SCIO) Notes to the Financial Statements Year ended 28 February 2025 General Infomatlon The charity is a public benefrt enlty and a registered charity in Scotland and is unincorporated. The address of the principal office An Cala. Benderloch. Oban. Argyll. PA37 1QP. Statement of Compllance These financial slalemenls have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Pradice applicable lo charities preparing their aecounts in accordanc8 with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charilies SORP IFRS 10211 and the Chanties and Trustee Investment {Scollandl Act 2005 and the Charity Accounts Iscotlandl Regulation$ 2006 la$ nd0). Accountlng pollcl•s Basls of preparatlon The financi41 statements have bgen preparod on the historical cost ba$i$. as modrfied by the revaluation of certain financial assets and liabilities and investment properties mgasured al fair value through income or expendrture. The financial slalements are prepai¢d in $18rling. whi¢h is the fvn¢tional currency of the entity. Golng concern There are no maleiial uncertainties about the charity's abilty lo continue. Dls¢lo•ur• ex•mptlo The enlrty Satisfies tho ¢nteria of being a qualfying entty as defined in FRS 102. As such, advantage has been taken of the frlowIng disclosure exemplk?ns available Ltnder paragraph 1.12 of FRS 102: lal No cash flow statement has baen presented for the eimnpany. Ibl Disclosures in respect of financial instruments have not been Pfosonted. Judg•m•nts and kèy 8ource# of gstlmatlon un¢•rtalnty The preparation of the financial ststements requires management to make iudgemenls. eslimales and assumptions that affect the amounts reported. These estimates and judgements are onlinualty reviewed and are based on experience and other factors, including expectations of future events that are believed lo be reasonable under the cireum$lance$.
The Victory Hall, Benderloch (SCIO) Notes to the Financlal Statements {¢onthu•d) Year ended 28 February 2025 Accounting policl•s {conlthwdJ Fund accountlng Unfeslricled funds are available for use at the discretion of the Iwslees to further any of the ¢hanty'$ purposes. Designated funds 8re unrestricted funds eamiark¢d by the trustees for particular fvlure project or cornmf(menl. Reslricled funds are subjected to reslrict•)ns on their expendilure declared by the donor or through the term8 of an appeal. and fall into one of sub-classes.. reslricled income funds or endowment fund8. Incomlng rnsourc All in¢ome i¥ included in the slalement of financral aclivrties when enlrtlemenl has passed lo the charity, it is probable Ihat th8 economic benefits associated with the Ir8nsaclion will flow lo the charity and the amount can be reliabty measured. The following 5pecrfic policies are applied lo particulai categories of in¢om•: income from donations or gronts 1$ renIs when there is evidence of enlitlom¢nl lo the gift, recèipt 18 probable and ils amounl can be measured reliably. legaw income is re¢ogni$¢d when receipt is probable and entitlement Is established. income from donated goods is measured al the fair value of Ihe goods unless this is impraetical to measure reliab, in which case the value is derived from the c08t to the donor or the e$11mated resale value. Donated facilrties and services are r¢¢ogni$ed in the accounts when received if Ihe value can be reliabty me•8ured. No amunls are included for the contribution of general volunteers. Incomè from contracts for t suppty of $eNicos is reeognised with the delivery of the contracted Service. This is classrf*d as unreslricled funds unless Ihere is a contractual requirement for rt lo be spent on a partular purpose and returnad sf unspent, in which casfj il may be regarded as resliicled.
The Victory Hall. Benderloch (SCIO) Notes to the Flnanclal Ststements (conllnu•d) Year ended 28 February 2025 A¢¢ountlng policlos f¢onthJusdJ Resources exp8nded Expenditure Is leniSed on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classifigd under headings ofthe slalement ol financial acliwlies lo which it relates.. expenditure on rnising fund$ indudes the costs of all fvndrai$ing aclNilies. event5. non- charrtable trading actlvrt, and the sale of donated g(y)ds. expenditure on charitable acliwlies includes all costs incurred by a charity in undertaking activities Ihal further its ¢harilable aims for the benefit of ils beneficiarles. including Ihoso support cosls and costs relating lo the governance of the Charity apportione(I to charitable 4clivilie8. other expenditure includes all expenditure that is neither related lo raising fvnds forthe charity nor part of rts expendrture on charitable 8Ctiwiies. All costs are allocated to expenditure tegOrieS reflecting the use of the resource. Direct costs attTib(tlable lo a single activity are alk>caled direclty to that aelivity. Shared co$1$ are apportioned befv4een the activitie¥ they contribute lo on a reasonable. justifiable and consistent basi5. Flnancl•l In•truments A financial asset or a financial liabilty is rg¢ogni8ed only %then the chanty bgcomes a party lo the ¢onlraelual provislons of the inslrument. Basic financial instruments a initialty recognised at thg amount receivable or payablg Including any felated transaction costs. Current ossels ond ¢urrenl liabilrties are subsequenlty measured al th¢ cash or other consideration expected lo be paid or received and not discounted. Debt in$lrumenl¥ are $ubsequenlty measured al 8morti8•(I cost. Where investments in shares are publicty traded or their fair value Can otherwise be measLsred reliabty, the inveslmenl is subsequently measured al fair value with changes in fair value cognised in income and expenditure. All other investments are subsequently mea$ured 81 ¢osl less impaimienl. Other financial inslnJmenl$. induding derivatives, are initially recognised at fair value. unless payment for an asset is deferred beyond nom)al business temis or financed al a rale of interest that is not a market fate, in which case the asset is measured al the pfesenl value ol the future payments discounted al a market rale ol interest for a similar debt inslrumenl. Other financial instruments are subsequenlty measured at fair value, with any changes Tewnised in the slalement of financial activities, with the exception of hedging in$trurnenls in a designated hedging Telionship. Financial assets that are measured at cost or amortised cosl are revithved for obj¢¢live evidence ol impaimienl at the end ot each reporting dale. If there 15 objective evidence of impairment, an impairment los$ is recognised under the appropriate heading in the slalement of financial activities in which the initial gain was recognised.
The Victory Hall, Benderloch (SCIO) Notes to the Flnanclal Statements (¢onthu•dl Year ended 28 February 2025 Ac¢ountlng poll¢l•s {conllttirtdl Flnanclal Instrumfrnts For all equity instruments regard$S of signrfican¢e, and other financial assets that are individually signrficant, these are assessed 1ndwValty for impaimient. Other financial assets ara either assessed individually or grouped on lh8 basis of similar credlt risk characteristics. Any rever8818 of impainnenl are re¢ogni8ed immediately, lo the extent that the Teversal does not result in 8 carrying amounl of the financial asset that exceeds what the carrying amount would havg been had the impaiimenl not pieviousty been recognised. Don•tlons and l•gacl•g Unrestricted Funds Reslricled Total Funds Funds 2025 Donatlons Donations 1,465 1.465 Grants Grants receivable 3,100 3,100 4,565 4,565 Unrestricted Fund¥ Reslitled Total Fun¢J8 Fund8 2024 Donatlons Don4lK>ns 1.193 1,193 Granti Grants r¢ceivable 1.936 1.936 3,022 4.215 2,279 Charttable actlvltl Unrestricted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Other income from charitable actiwlies 223 223
The Victory Hall. Benderloch (SCIO) Notes to the Flnanclal Statements iconthu•dJ Year ended 28 February 2025 Other tradlng actlyltl unrestrted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Fundraising events Hires Meter & telephone takings Other inc¢)me from other trading activities 3.485 5.443 1.436 3.485 3,701 3,838 1.453 3,701 3,838 1,453 1,436 1.435 1,435 10,427 10.364 10,364 10.427 Inv•stmont Income Unrestricted Totsl Funds Unrestricted Total Fund8 Funds 2025 Fund$ 2024 Bank interest receivab 30 30 21 21 Olh•r Incomg Unrestricted Tot•1 Funds Unrestricted Total Funds Funds 2025 Funds 2024 Insufance claim 12.200 12,200 Expendlture on Gharftsble actlvltles by fund type Unfestricted Funds Restricted Total Fundi Funds 202S General Activitles Supp)rt ¢osts 13,$68 660 1.936 15.504 660 14.228 1.936 16,164 Unrestricted Funds Restrbcled Total Funds Fund$ 2024 General Activities Support costs 26,370 630 26.370 630 27.000 27,000 10
The Victory Hall, Benderloch (SCIO) Notes to the Flnancial Statements (Con¢thd) Year ended 28 February 2025 10. Expenditur• on charitable actlvltles by actlvlty typ• Activities undertaken Support Total funds ¢osts 2025 Totsl fund 2024 General Activities Govemance costs 15.504 15.504 660 26,370 630 660 15.504 660 10,164 27,000 11. Ind•pend•nt •x•mlnatlon f••s 2026 2024 Fees payable to the independent examiner for. Independent examination of the financial statements 630 12. Staff costs The total staff cost$ and employe• banefils for the r¢porting pgriod are analysed as follows.. 2025 2024 Wage5 and salaries 2,354 1,256 The average head count of employees during Ihe year was Nil12024.. 2). Th? average number of full-lime equivalent empbye88 during the year A analy8ed 88 follows.. 2025 2024 No. No. Number of staff - type 1 No employee received employée benefits of more than £80,0 during the year12024.' Nill. 13. Trustee r•muneratlon and •xynse• Thè charity trustees. were not paid and did nol reteNe any remuneration, beneffts in kind or reimbursement of expenses in their CaPaty as trustee during the year. 14. Analysls of charltabl• funds Unrestrlcl•d funds At 1 Mar 2024 At Incom8 Expenditure 28 Feb 2025 General fvnds 5.398 15,182 (14,2281 6,352 At 1 Mar2023 Al Income Expenditure 29 Fob 2024 General funds 5,535 24.927 (27,0001 3,462 11
The Victory Hall, Benderloch {SCIO) Notes to the Financial Ststements fe¢>n#nwd) Year ended 28 February 2025 14. Analysls of charf¢able funds {conltnu•dJ Restrlct•d funds At Income Expenditure 28 Fob 2025 {1,9361 1 Mar 2024 Warrn Space Fund 11,9381 Al 1 Mar 2023 At Income Expenditure 29 Feb 2024 1,936 Wami Space Fund 1,936 Restrictod funds blf were for the w4mspace project whKh did not commence until Feb 2024 with no expentjilurè in that year. Roslrieled funds received in 2025 £2.500 were expended on a comrnunity eng89ement exercise and a report was produced in March 2025 no payment made in the year. 18. Anaty$ls of n•t Js¥èts betweèn lunds Unrestricted Funds Re51ricled Total Funds Funds 2025 CurTenl assets 1.916 2,500 4,416 Unmtricled Funds Restricted Total Funds Funds 2024 Currènt assets 3,462 1,936 5,398 12