**REGISTERED CHARITY NUMBER: SC050132** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **FOR** ## **BALLOCH COMMUNITY ASSOCATION SCIO** Goldwells Ltd Goldwells House Grange Road Peterhead Aberdeenshire AB42 1WN **BALLOCH COMMUNITY ASSOCATION SCIO** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|9| |**Detailed Statement of Financial Activities**|10|to|11| BALLOCH COMMulirrY ASSOCATION SCIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 The tnjstees present their report witli the fIx￿le1a1 Statell￿nts of tlie cl)arity for the year ended 31st DeCe￿ber 2024. The trustees bal'e adopted tbe proiisions of Accoulltill8 and Reportill8 by Clwities.. Statexnent of Reconll]Lended Practice applicable to clwities preparills their accounts ill accordatiee the Fil￿)Cial Reportin8 Standard applicable in the UK alld Republie of Irelalld (FRS 102) (effectiie l January 2019). STRUCTURE, COVERNANCE A￿TI MANAGEVIENT GoverlliDg document The charity 15 controlled by its goiEmiug documetLL a deed of tr￿t atld cotLstitute5 all uulllco￿0rdted charity. REFERENCE AND ADMINtSTKITIVE DETAILS Regi51eTed Chai'ilv Dumber SC050132 Ind@pondent Ex*mlner Gold￿'e1]S Lid Gold￿'e1]S House Grall8e Road Petethead Aberdeensbire AB42 IWN ApproiEd by ￿der of the board of tsustees on............................................. and siglled on its belLqlf by.. .'IiI.- I,'UO.'41GMT+ll.. Page I ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BALLOCH COMMUNITY ASSOCATION SCIO** ## **Independent examiner's report to the trustees of Balloch Community Assocation SCIO** I report to the charity trustees on my examination of the accounts of Balloch Community Assocation SCIO (the Trust) for the year ended 31st December 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I 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 to be reached. Goldwells Ltd Goldwells House Grange Road Peterhead Aberdeenshire AB42 1WN Date: ............................................. Page 2 **BALLOCH COMMUNITY ASSOCATION SCIO** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024** |2024
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
General
608
Other trading activities
2
34,007
Investment income
3
373
**Total**
34,988
**EXPENDITURE ON**
Raising funds
27,349
**Charitable activities**
General
3,228
Other
1,057
**Total**
31,634
**NET INCOME/(EXPENDITURE)**
3,354
**RECONCILIATION OF FUNDS**
Total funds brought forward
58,707
**TOTAL FUNDS CARRIED FORWARD**
62,061|2023
Total
funds
£
-
24,978
273
25,251
16,927
2,828
6,492
26,247
(996)
59,703
58,707| |---|---| The notes form part of these financial statements Page 3 **BALLOCH COMMUNITY ASSOCATION SCIO** ## **BALANCE SHEET 31ST DECEMBER 2024** |2024
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Intangible assets
6
770
Tangible assets
7
8,660
9,430
**CURRENT ASSETS**
Cash at bank
52,631
**NET CURRENT ASSETS**
52,631
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
62,061
**NET ASSETS**
62,061
**FUNDS**
8
Unrestricted funds
62,061
**TOTAL FUNDS**
62,061|2023
Total
funds
£
880
1,400
2,280
56,427
56,427
58,707
58,707
58,707
58,707| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: Sep 30, 2025 17:00:47 GMT+1) The notes form part of these financial statements Page 4 **BALLOCH COMMUNITY ASSOCATION SCIO** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property - 2% on cost Plant and machinery - 25% on reducing balance Computer equipment - 20% on reducing balance ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. OTHER TRADING ACTIVITIES** |Community Groups
Business Groups
Parties
Weddings
Snooker Room Memberships
Snooker Room Tables|2024
£
6,893
11,608
4,583
-
2,015
8,908
34,007|2023
£
4,888
9,759
2,460
611
1,690
5,570
24,978| |---|---|---| continued... Page 5 **BALLOCH COMMUNITY ASSOCATION SCIO** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **3. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||2024|2023| ||£|£| |Deposit account interest|373|273| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**|Unrestricted
fund
£| |---|---| |Other trading activities|24,978| |Investment income|273| |**Total**|25,251| |**EXPENDITURE ON**|| |Raising funds|16,927| |**Charitable activities**|| |General|2,828| |Other|6,492| |**Total**|26,247| |**NET INCOME/(EXPENDITURE)**|(996)| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|59,703| |**TOTAL FUNDS CARRIED FORWARD**|58,707| continued... Page 6 **BALLOCH COMMUNITY ASSOCATION SCIO** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **6. INTANGIBLE FIXED ASSETS** **----- Start of picture text -----**
||| |---|---| |Computer| |software| |£| |COST| |At 1st January 2024 and| |31st December 2024|1,100| |AMORTISATION| |At 1st January 2024|220| |Charge for year|110| |At 31st December 2024|330| |NET BOOK VALUE| |At 31st December 2024|770| |At 31st December 2023|880| **----- End of picture text -----**
## **7. TANGIBLE FIXED ASSETS** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Improvements| |to|Plant and|Computer| |property|machinery|equipment|Totals| |£|£|£|£| |COST| |-|-| |At 1st January 2024|2,188|2,188| |Additions|5,881|1,676|649|8,206| |At 31st December 2024|5,881|1,676|2,837|10,394| |DEPRECIATION| |At 1st January 2024|-|-|788|788| |Charge for year|118|419|409|946| |At 31st December 2024|118|419|1,197|1,734| |NET BOOK VALUE| |At 31st December 2024|5,763|1,257|1,640|8,660| |At 31st December 2023|-|-|1,400|1,400| |8.|MOVEMENT IN FUNDS| |Net| |movement|At| |At 1.1.24|in funds|31.12.24| |£|£|£| |Unrestricted funds| |General fund|58,707|3,354|62,061| |TOTAL FUNDS|58,707|3,354|62,061| **----- End of picture text -----**
continued... Page 7 ## **BALLOCH COMMUNITY ASSOCATION SCIO** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **8. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|34,988|(31,634)|3,354| |**TOTAL FUNDS**|34,988|(31,634)|3,354| |**Comparatives for movement in funds**|||| |**Unrestricted funds**|At 1.1.23
£|Net
movement
in funds
£|At
31.12.23
£| |General fund|59,703|(996)|58,707| |**TOTAL FUNDS**|59,703|(996)|58,707| |Comparative net movement in funds, included in the above are as follows:|||| |**Unrestricted funds**|Incoming
resources
£|Resources
expended
£|Movement
in funds
£| |General fund|25,251|(26,247)|(996)| |**TOTAL FUNDS**|25,251|(26,247)|(996)| |A current year 12 months and prior year 12 months combined position is as follows:|||| |**Unrestricted funds**|At 1.1.23
£|Net
movement
in funds
£|At
31.12.24
£| |General fund|59,703|2,358|62,061| |**TOTAL FUNDS**|59,703|2,358|62,061| continued... Page 8 ## **BALLOCH COMMUNITY ASSOCATION SCIO** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024** ## **8. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement|Movement| |---|---|---|---|---| ||resources|expended|in funds|| ||£|£||£| |**Unrestricted funds**||||| |General fund|60,239|(57,881)||2,358| |**TOTAL FUNDS**|60,239|(57,881)||2,358| ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st December 2024. Page 9 **BALLOCH COMMUNITY ASSOCATION SCIO** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024** ||2024|2023| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Other trading activities**||| |Community Groups|6,893|4,888| |Business Groups|11,608|9,759| |Parties|4,583|2,460| |Weddings|-|611| |Snooker Room Memberships|2,015|1,690| |Snooker Room Tables|8,908|5,570| |**Investment income**|34,007|24,978| |Deposit account interest|373|273| |**Charitable activities**||| |Grants|608|-| |**Total incoming resources**|34,988|25,251| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Convenor|8,000|1,600| |Rates and water|480|420| |Light and heat|4,251|3,343| |Cleaning|3,254|3,132| |Snooker Room Expenses|1,381|218| |Over 60's costs|180|-| |Repairs and renewals|9,803|8,214| |**Charitable activities**|27,349|16,927| |Insurance|821|876| |Telephone|319|380| |IT Software and licences|510|510| |**Other**|1,650|1,766| |Amortisation of intangible fixed assets|110|110| |Depreciation of tangible fixed assets|947|350| ||1,057|460| |**Support costs**||| |**Information technology**||| |Subscriptions|488|439| This page does not form part of the statutory financial statements Page 10 **BALLOCH COMMUNITY ASSOCATION SCIO** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024** |**FOR THE YEAR ENDED**|**31ST DECEMBER 2024**|| |---|---|---| ||2024|2023| ||£|£| |**Information technology**||| |**Governance costs**||| |Accountancy and legal fees|1,090|6,655| |Total resources expended|31,634|26,247| |**Net income/(expenditure)**|3,354|(996)| |||| This page does not form part of the statutory financial statements Page 11 ll