CHARITY REGISTRATION NUMBER: SC049405
Strathpeffer Pavilion Community Trust Unaudited Financial Statements
30 June 2025
Strathpeffer Pavilion Community Trust
Financial Statements
Year ended 30 June 2025
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|Trustees’|annual|report|1|
|Independent|examiner's|report|to|the|trustees|3|
|Statement|of financial|activities|4|
|Statement|of|financial|position|5|
|Notes|to|the|financial|statements|6|
|The|following|pages|do|not form|part|of the|financial|statements|
|Detailed|statement|of financial|activities|14|
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Strathpeffer Pavilion Community Trust
Trustees’ Annual Report
Year ended 30 June 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 30 June 2025.
Reference and administrative details
Registered charity name
Charity registration number
Strathpeffer Pavilion Community Trust
SC049405
Principal office Strathpeffer Pavilion The Square Strathpeffer Ross-shire IV14 9SBW
The trustees
Independent examiner
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Tulloch Street
Dingwall
IV15 9JY
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Structure, governance and management
Strathpeffer Pavilion Community Trust is a Scottish Charitable Incorporated Organisation, incorporated on the 25th of June 2019.
The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
The directors of the company are also charity trustees for the purpose of charity law. The directors are re-elected at each Annual General Meeting in person by vote or by an appointed proxy for those eligible to vote. The directors meet regularly to decide on the strategic direction of the company.
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Strathpeffer Pavilion Community Trust
Trustees’ Annual Report (continuea)
Year ended 30 June 2025
Objectives and activities
The objectives of the Trust are as follows:
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the advancement of community development for the membership area, the advancement of the arts, heritage and culture.
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The provision of recreational facilities or the organisation of recreational activities with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.
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It makes grants, donations or gifts to organisations.
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It carries out activities or services itself.
Achievements and performance
During this financial year the SPCT ran 2 successful fundraising events. We also held our annual community Halloween event where students from the UHI came along and performed. This supported their educational programme and gave the community a fantastic experience, with people attending from all over Ross-Shire. The windows in the meeting room were restored and corroding plaster was repaired. The outdoor patio area was also upgraded. We also received a cost of living bonus from Foundation Scotland.
Financial review
The Trust recorded a loss of £10,728.01 before depreciation. As at the 30th June 2025 total funds were £454,029.
The trustees’ annual report was approved on 6 January 2026 and signed on behalf of the board of trustees by:
Trustee
eren
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Strathpeffer Pavilion Community Trust
Independent Examiner's Report to the Trustees of Strathpeffer Pavilion Community Trust
Year ended 30 June 2025 nnte
| report to the trustees on my examination of the financial statements of Strathpeffer Pavilion Community Trust (‘the charity’) for the year ended 30 June 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the ‘2005 Act’) and the Charities Accounts (Scotland) Regulations 2006 (as amended). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.
| report in respect of my examination of the charity's financial statements as carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination | have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
Independent examiner's statement
Since the charity has prepared its accounts on an accruals basis your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). | can confirm that | am qualified to undertake the examination because | am a registered member of the Association of Chartered Certified Accountants which is one of the listed bodies.
| have completed my examination. | confirm that no matters have come to my attention giving me cause to believe that in any material respect:
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accounting records were not kept as required by section 44(1)(a) of the 2005 Act and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006 (as amended); or
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the financial statements do not accord with those records; or
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_ the financial statements do not comply with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts | be-
Independent Examiner
Tulloch Street Dingwall IV15 9JY
6 January 2026
pr
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Strathpeffer Pavilion Community Trust
Statement of Financial Activities
Year ended 30 June 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Totalfunds | Total funds | ||
| Note | £ | £ | £ | a | |
| Income and endowments | |||||
| Donations and legacies | 4 | 2,905 | - | 2,905 | 2,245 |
| Charitable activities | 5 | 13,816 | - | 13,816 | 58,329 |
| Other income | 6 | 1 | = | 1 | 200 |
| Total income | 16,722 | - | 16,722 | 60,774 | |
| Expenditure | |||||
| Expenditure on charitable activities | 29,786 | 9,714 | 39,500 | 74,297 | |
| Total expenditure | 29,786 | 9,714 | 39,500 | 74,297 | |
| Net expenditure and net movement in | |||||
| funds | (13,064) | (9,714) | (22,778) | (13,523) | |
| Reconciliation offunds | |||||
| Total funds broughtforward | 40,502 | 436,305 | 476,807 | 490,330 | |
| Totalfundscarriedforward | 27,438 | 426,591 | 454,029 | 476,808 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages6 to 12 form part of these financial statements. aa CIN pS
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Strathpeffer Pavilion Community Trust
Statement of Financial Position
30 June 2025
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|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|
|Fixed|assets|
|Tangible|fixed|assets|11|452,311|464,361|
|Current|assets|
|Debtors|12|942|417|
|Cash|at|bank|and|in|hand|8,040|14,580|
|8,982|14,997|
|Creditors:|amounts|falling|due|within|one year|13|7,264|Zoot|
|Net|current|assets|1,718|12,446|
|Total|assets|less|current|liabilities|454,029|476,807|
|Net|assets|454,029|476,807|
|Funds|of the|charity|
|Restricted|income|funds:|
|Revaluation|reserve|68,751|68,751|
|Other|restricted|income|funds|357,840|367,554|
|Unrestricted|funds|27,438|40,503|
|Total|charity funds|14|454,029|476,808|
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These financial statements were approved by the board of trustees and authorised for issue on 6 January 2026, and are signed on behalf of the board by:
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|=
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The notes on pages 6 to 12 form part of these financial statements. ieRe ens en a OE eee
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Strathpeffer Pavilion Community Trust
Notes to the Financial Statements
Year ended 30 June 2025
1. General information
The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal office is Strathpeffer Pavilion, The Square, Strathpeffer, Ross-shire, 1V14 9BW.
2. Statement of compliance
These financial statements 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 Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended).
- Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
aCCCs;
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Strathpeffer Pavilion Community Trust Notes to the Financial Statements (continued) Year ended 30 June 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities wnen entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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e income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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° legacy income is recognised when receipt is probable and entitlement is established.
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e income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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° income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: ° expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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° expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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e other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Strathpeffer Pavilion Community Trust Notes to the Financial Statements (continued)
Year ended 30 June 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Freehold property | - | 2% straight line |
|---|---|---|
| Plant and machinery | - | 10% reducing balance |
| Motor vehicles | - | 25% reducing balance |
| OfficeEquipment | - | 33%reducingbalance |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
eee
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Strathpeffer Pavilion Community Trust Notes to the Financial Statements (continuea)
Year ended 30 June 2025
- Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
- Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 405 | 405 | 645 | 645 |
| Grants | ||||
| Grants receivable | 500 | 500 | - | - |
| Sponsorship | ||||
| Sponsorship | 2,000 | 2,000 | 1,600 | 1,600 |
| 2,905 | 2,905 | 2,245 | 2,245 |
ee
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; Strathpeffer Pavilion Community Notes to the Financial Statements (continued)
Strathpeffer Pavilion Community Trust
Year ended 30 June 2025
5. Charitable activities
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2025|Funds|2024|
|£|£|£|£|
|Ticket|Sales|7,694|7,694|48,005|48,005|
|Bar|Sales|3,885|3,885|10,298|10,298|
|Cashback|12|12|26|26|
|Other|Event|Income|2,225|2,225|-|=|
|13,816|13,816|58,329|58,329|
|6.|Other|income|
|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|Funds|2025|Funds|2024|
|£|£|£|£|
|Sundry|Income|1|1|200|200|
|7.|Net|expenditure|
|Net|expenditure|is|stated|after|charging/(crediting):|
|2025|2024|
|£|£|
|Depreciation|of tangible|fixed|assets|12,050|12,417|
|8.|Independent|examination|fees|
|2025|2024|
|£|£|
|Fees|payable|to|the|independent|examiner|for:|
|Independent|examination|of the|financial|statements|650|650|
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- Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
10. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees
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Strathpeffer Pavilion Community Trust
Notes to the Financial Statements (continued)
Year ended 30 June 2025
RCC
11. Tangible fixed assets
| Freehold | Plant and | Motor | |||
|---|---|---|---|---|---|
| property | machinery | vehicles | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 July2024 and | |||||
| 30 June2025 | 479,311 | 29,122 | 1,200 | 2,254 | 511,887 |
| Depreciation | |||||
| At 1 July2024 Charge forthe year |
37,663 9,586 |
(357 2,179 |
821 95 |
1,685 190 |
47,526 12,050 |
| At 30 June2025 | 47,249 | 9,536 | 916 | 1,875 | 59,576 |
| Carrying amount | |||||
| At 30June2025 | 432,062 | 19,586 | 284 | 379 | 452,311 |
| At 30 June 2024 | 441,648 | 21,765 | 379 | 569 | 464,361 |
| Debtors | |||||
| 2025 | 2024 | ||||
| £ | a | ||||
| VAT | 942 | 417 | |||
| Creditors: amounts falling due | within one | year | |||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Trade creditors Accruals and deferred income |
6,454 810 |
1,741 810 |
|||
| 7,264 | 2,551 |
12. Debtors
13. Creditors: amounts falling due within one year
14. Analysis of charitable funds
Unrestricted funds
| At | |||||||
|---|---|---|---|---|---|---|---|
| At | 1 | July2024 | Income | Expenditure30 June2025 | |||
| £ | £ | £ | £ | ||||
| General | funds | 40,502 | 16,722 | (29,786) | 27,438 | ||
| At | |||||||
| At | 1 | July2023 | Income | Expenditure 30 June 2024 | |||
| General | funds | £ 44,297 |
£ 60,774 |
E (64,568) |
E 40,503 |
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Strathpeffer Pavilion Community Trust
Notes to the Financial Statements (continuea)
Year ended 30 June 2025
14. Analysis of charitable funds (continued)
| Restricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At 1 July 2024 | Income | Expenditure30 June 2025 | ||
| £ | £ | £ | £ | |
| Restricted Fund | 367,554 | - | (9,714) | 357,840 |
| Revaluation reserve | 68,751 | — | - | 68,751 |
| 436,305 | _ | (9,714) | 426,591 | |
| At | ||||
| At 1 July 2023 | Income | Expenditure | 30 June 2024 | |
| £ | £ | E | £ | |
| Restricted Fund | 377,282 | ~ | (9,728) | 367,554 |
| Revaluation reserve | 68,751 | - | - | 68,751 |
| 446,033 | — | (9,728) | 436,305 | |
| Analysis of net assets between | funds | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Tangible fixed assets | 19,101 | 433,210 | 452,311 | |
| Current assets | 8,982 | _ | 8,982 | |
| Creditors less than 1 year | (7,264) | - | (7,264) | |
| Net assets | 20,819 | 433,210 | 454,029 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Tangible fixed assets | 21,437 | 442,924 | 464,361 | |
| Current assets | 14,997 | _ | 14,997 | |
| Creditors less than 1 year | (2,551) | - | (2,551) | |
| Netassets | 33,883 | 442,924 | 476,807 |
- Analysis of net assets between funds
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Strathpeffer Pavilion Community Trust
Management Information
Year ended 30 June 2025
The following pages do not form part of the financial statements.
a
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Strathpeffer Pavilion Community Trust
.
Detailed Statement of Financial Activities
Year ended 30 June 2025
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|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Income|and|endowments|
|Donations|and|legacies|
|Donations|405|645|
|Grants|receivable|500|-|
|Sponsorship|2,000|1,600|
|2,905|2,245|
|Charitable|activities|
|Ticket|Sales|7,694|48,005|
|Bar|Sales|3,885|10,298|
|Cashback|12|26|
|Other|Event|Income|2,225|-|
|13,816|58,329|
|Other|income|
|Sundry|Income|1|200|
|Total|income|16,722|60,774|
|Expenditure|
|Expenditure|on|charitable|activities|
|Purchases|15,568|39,875|
|Repairs|and|maintenance|609|9,030|
|Insurance|7,723|7,077|
|Other|establishment|819|2,066|
|Motor|vehicle|expenses|75|153|
|Legal|and|professional|fees|1,290|1,310|
|Other|office|costs|1,367|2,367|
|Depreciation|12,049|12,419|
|39,500|74,297|
|Total|expenditure|39,500|74,297|
|Net expenditure|(22,778)|(13,523)|
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