AULTBEA COMMUNITY HUB
Scottish Charity: SC049741
Trustees, Annual Report
Financial Statements
for the Period Ended 31 December 2024
Swan Accountants
Studio 208, Embroidery Mill
Abbey Mill Business Centre
Paisley, PAI ITJ
Page | I

AULTBEA COMMUNITY HUB (sao)
SC049741
TRUSTEES, ANNUAL REPORT and FINANaAL sfATEMENrs
Forthe perlod ended 31 December 2024
CONTENTS
PAGE
Trustees. Annual Report
Independent Examinerfs Report
Profr( & Loss Account
ststement of Balances
Notes to the A¢￿Unts
Tanglble Flxed Assets Register
Page12

AULTBEA COMMUNITY HUB (sao)
5C049741
TRUSTEES ANNUAL REp(￿T
Forthe year period 31 December2024
The trustees present thcir annual report and finattial statements for the period ended 31 Decembèr 2024, along
wlth the independent examinerfs report.
Auhbea Corrbmunity Hub ISCIOI 15 a chaFIty re8lStered with the Office of the Scottish tharity Regulat¢r IOSCRI,
tharlty number SC049741.
Iru5tees
The Trustee5 who Served during the period and were in office on 31" D￿ember 2024 were.
Structure, Go¥ernance and Manasement
The Charlry Is governed by Its cOnst6tut￿n.
Oblectlves and Actlvltles
The objectives of the charity are:
The advancement of titizenship or community development,
The advancement of the arts. herrtage. and culture.
The provision of recreational facilities with thè objert of imyovinc the conditions of life for the persons for whom
thè facllltlès or actl¥itl•s are primarity intended
Achlevements and Pqrform•n¢•
All activities continued durin8 the year. Includln8 the contlnuation of Quiz Nights.
3 Lochs Cinema provided eight films, a Andre R￿￿ streamed perfomianee, a Filrn Festival in conjunction with the
Ru551an Arttic Convoy Museum and an Indoor Flrework Dlsplay. Add115onal events were ￿trOdUCed in ihe form ol a
Skittle5 Night and two Whiskey Tasting evenings. ￿"ve entertainment induded an aftemoon concert by the Inverness
Military Wives Cholr and performances by local pipers at an St. Andrew5 Night event as well as the second Whiskev
tasting evening.
Two Tabletop sales were organised to raise addttional fvnds forthe redevelopment projert
The Trustees have made sienifThnt endeavours to secure funding forthe re4evelopment of the building the
priority being improvements to the heating and irsuLatk)n. To this end a grant has been received to install solar
panels in 2025.
Part of tsking the Project forward is a plan to extend the car-parking area. The land between the Church and the
ain road IA8321 i5 currently owned by Aultbea Estates who have agreed in principle to transfer a 5uilable area for
the extended car park to the Hub. A selllre prfi￿ has now been agreed with the Estate arKI that purchase Is ongolng
with the hdp of a generous donation towards the purchase and legal costs.
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Statement of Risk
Insurances have been updated in line with development. TheTrustees have assessed the major risks to which *he
charity is exposed, those related to the operations and finances of the charity and are satisfied that systems are in
place to mitigate the eKposure to major risks.
Finan¢ial Review
These fully accrued accounts are prepared In accordan￿ with the methods and principles of the Accounting and
Reporting by Charities: Ststement of RecommerKled PractKe (the SORPI.
Income from donations and grants is recognised when there is evidenceof entit￿Ment to the gift, receipt is
probable and its amount can be measured reliably.
3 Lochs Cinema remains as a restrict￿ fund within the Authea Communtty Hub accounts.
Totals of £10.609 was raised for general funds and £28,946 including gr3nts wag received for restricted funds durin
the period. General funds include income from Hall Hire, fund-raising, donation5, rèntsls and bank interest.
Payments in the period amounted to £9,495 in general funds arnl £12,317 in restricted funds, resulting in a surplu5
of £1,114 Sn general fund5 and a 5urplu5 of 16,629 in restricted furn15 a5 compared to an overall 5urpIu5 of £101,933
In the prevlous year.
As of 31 December 2024, the charrty held tolal reserves of £132.598 of whKh £7.216 are unrestrKted, E69,889 are
held In flxed assets and £55,493 In current assets ￿ restricted funds.
In the view of the Trustees, the charty has sufficient unrestricted reser4*5 to continue to operate forthe
foreseeablefuture.
Approved by the Trustees and signed on ther behalf by:
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INDEPENDENT EXAMINERS REP(MT
Forthe peric>d ended 31 December 2024
SC049741
I report on the accounts of AULTBEA COMMUNrrY HUB {SC049741) for the period ended 31 December 2024 which
3re Set out on pages 6-8.
Respertive responsibblties of the Trnstees Ejomlner
The charWs Trustees are responsib￿ for the PTeparation of accounts in accordance wrf(h the terms of the Charitie5
and Trustee Investment (Scotlandl Art 2005 and Charities Accounts Ikotlandl Regulations 2006 las arnendedl. The
charity Trustees con5iderthat the audit requirement of RegulatKin I￿1) lal to Icl of the 2006 Accounts Règulations
éoes not apply. It is my resFX)nsibility to examlne the accounts as required under sectN)n 44{11 Icl of the Actand to
state whether matters have come to my attention.
Basis of Independent ExaminerfsStatement
My examirsation 15 carried out In accordance wtth Regulation 11 of the Charitles Accounts {Scotlandl Regulations
2006. An examination indudes a remew of the accounting records kept by the charity and a comparison of the
accounts presented in those records. It also includes the consideration of any unusual ttems or disclosures in the
accounts and seeks explanations from the Trustees conceming suth matters. The wocedures undertaken do not
provide all the evidence that ￿ts￿ld be required in an audr¢ and consequently I do not express an audit opinion on
the view given by,the accounts.
Independent Examlnerfs stateme
In the course of my examination, matter has come to my attention:
which gives me reasonable cause to believe that in any material respert the requirements:
to keep 2ccountine records ￿ accordance with Sectlon 441111a) of the 2005 Act arvj Regulation 4 of the 2006
Aecounts Regulations, and
to prepare accounts whith •¢¢ord with the accounting records and complywlth Regulation 8 of the 2CK)6
AC￿unt5 Re8ulation5
Have not been met, or
2. to whlch, In my opnlon, attention should ￿ drawn in order to enable a woper understanding of the accounts to
be reached.
Studio 205
Embroidery Mill
Abbey Mill 8usiness Cèntre
Paisley
PAI ITJ
Date:
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AULTBEA COMMUNrrY HUB
SCD49741
PROFrr & LOSS sfATEMEKr
For the period ended 31 December 2024
2024
2024
Unrestrkted Restricted
2024
Total
2023
Total
Notes
INCOME
Grants
Hall Hire
Fundraising
Donations
Charity Don*ions
Rental Income
Bank Interest
3 Loch anema
27.921
27,921
3,796
4,279
381
182
1,530
441
1,025
39.555
103,053
4,187
1,525
15,590
3,796
4,279
381
182
1,530
441
717
162
1.592
126,826
1,025
EXPENDITURE
Projert Development
Lease Costs
Maintenance
Insurance
Fundraising Costs
ElectrIc￿¥
Website & Internet
Professional Fees
3 Lochs Clnema Costs
Coronation Tea
Admin Costs
Charity Donations
Depreciation
B8nklCredit Charges
7,687
8,687
8,562
30
1,136
1,614
194
1,641
405
3,374
2,645
2,275
24
783
188
1,724
3,049
404
299
783
1,724
3,049
2,099
1.485
59
182
1.797
io
59
182
3.142
io
1,345
2,987
9.495
Il317
21,812
24893
ProfiVILoss) for the period
L114
17.743
IOL933
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AULTBEA COMMUNttY HUB
BAiANCE SHE
As at 31 December 2024
SO)49741
Notes
Unrestri(ted Restrirted
Total
2024
2023
FIXED ASSETS
Freehold Property
Furniture & Fixtures
clal Clnerna Equlpment
67.200
67,200
6+14
2,689
2,689
69,889 70,533
68,600
725
2,689
72A)15
CURRETrrf ASSErs
Cash at Bank
Savin8s Account
Prepayments
Debtors
TOTAL CURRENT ASSErs
5.201
1,314
941
108
7,564
5.201
56,807
941
108
61157
4,119
38,166
55,493
129
55.493
aiRREKf UABIUTIES
Accruals
Deferred Income
Creditors
859
133
859
133
150
769
919
TOTAL CURRENT LIABILrriES
992
992
NEf CURRENT ASSErs
6,5n
55.493
64065
41,495
TOTAL Nrf ASSErs
7.216
125.382 132.598
113.510
FUNDS
Balance Blf @ 01.OL24(23)
ProfrftlLoss for period
Prior Year Adjustment
107.408 113.510
16,629
17.743
1,345
1.345
10,577
102.933
1.114
8alJnce Clf @ 31.12.241231
7,216
125,382 132,598
113,510
These accounts were approved the Trustee5 and 518ned on their behalf by.
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AULTBEA COMMUNrtY HUB
NOTES TO THE ACCOUNTS
For the year ended 31 December 2024
SC049741
l. Grants Ret*vable
Scottish Land Fund
Film Hub Scotland
Scottish & Southern Energy Network
Total
£7,687
£234
£27,921
2. Restrfcted Funds
Fund
Bal.
Bll
£3.374
Income
Expendlture
Bal. Clf
3 Lochs Cinema
£1,025
£1.485
£2,914
Scottlsh Land Fund Stage11
Fllm Hub Scotland
£7,687
£7.687
£0.00
£234
£234
£0.00
Scottish & Southern Energy
Network
Projert Development Fund
£20,¢JOO
£0.
£20,000
£30,000
£0.00
£30,0000
3. Debtors
Croft Fresh Café
£108
4. Credliors
There are no creditors at the year end.
5. Actru•ls & Deferred Income
Profes51onal Fees
RM Rental Income
£299
£133
6. Lease Costs
There are no lease costs as the lease with the Church of kotiand ended Sn 2023
7. Charlty Donatlons
Breast Cancer Research
£182
8. Other Donations
Donations from various donors for the general expense5 of the tharity V￿re recorded In General Funds.
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9. Tangil)le Flxed Assets Regbter
Social anema
Flxtures &
Fitti￿$
Hub
Cooker
Radlo
MIC
Totals
Freezer
Crockuy
Vinyl
Floor
Onema
Equipment
Dish
Washer
Cost
At I'january 2024
Addition5
Disposals
At 31" December
2024
70,000
1.365
1,279
765
1,130
609
664
315
76.652
315
1.130
609
979
76,967
70,000
1,365
1.279
765
De
reclatlon
At I'january 2024
Charge for Year
On Disp05als
At 31" December
2024
1,400
420
210
682
341
640
320
382
191
566
283
381
152
166
245
4,637
3,142
630
533
7,779
1.023
573
411
Net Book Value
At 31" December
2024
At 31" December
2023
210
342
319
192
282
76
568
69,188
67,200
68,600
420
683
639
383
564
228 1 813
72,330
Property Is depreclated at YA per •nntsm stTalght Ilne
Other assets are depreclated at 25% per annum stralght Ilne
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