~ CHARITY REGISTRATION NUMBER: SCOS1168
Scenic Sandbank
Company Limited by Guarantee Unaudited Financial Statements 30 April 2025
;
Scenic Sandbank
Company Limited by Guarantee
Financial Statements
Year ended 30 April 2025
| Page | |
|---|---|
| Trustees’ annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement offinancial activities (including income and | |
| expenditure account) | § |
| Statement offinancial position | 6 |
| Notestothefinancialstatements | 7 |
Scenic Sandbank
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report)
Year ended 30 April 2025
ieee The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 April 2025.
Reference and administrative details
Registered charity name Scenic Sandbank Charity registration number SC051168 Company registration number SC694974 Principal office and registered Broxwood Cottage office Sandbank Argyll Scotland PA23 8PD
The trustees
Rhona Altin (Resigned 1 April 2025) James Evans Bruce MacLean lain James MacNaughton Susan Anne McKillop Dr Thomas McKillop Bryan John Pearce Nathan Gault (Appointed 1 November 2025) Fiona Gault (Appointed 1 April 2025)
Company secretary Susan Anne McKillop
Structure, governance and management
Scenic Sandbank is a company limited by guarantee.
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a
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Scenic Sandbank
Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 April 2025 eeeg sneemneconetns peeeeninecenrrncniec
Objectives and activities
DEFINITION OF COMMUNITY AND PURPOSES
The Company has been formed to benefit the Community of Sandbank and the surrounding landward area- as defined by the Sandbank Community Council boundaries (the Operating Area) ("the Community’), with the Purposes listed in the sub-articles hereto (“the Purposes"), to be exercised following the principles of sustainable development (where sustainable development means development which meets the needs of the present without compromising the ability of future generations to meet their own needs.
PURPOSES
The company's main purpose is consistent with furthering the achievement of sustainable development. The company's purposes are:
To provide or advance the accessibility of recreational, facilities, and/or organising recreational activities, which will be available to members of the Community and public at large with the object of improving the conditions of life of the Community.
Advancement of citizenship or Community development, including rural or urban regeneration.
To advance the provisions for educational opportunities in the Community relating to environment, culture, heritage and/or history.
To advance environmental protection or improvement including preservation, sustainable development and conservation of the natural environment, the maintenance, improvement or provision of environmental amenities for the Community and/or the preservation of buildings or sites of architectural, historic or other importance to the Community
Achievements and performance
The past year has seen us move forward with the community garden project as we have been successful in securing funding for building raised beds and poly tunnels and we also have a storage container for gardening equipment and a portacabin we use as a meeting space with adjacent disable friendly portaloo attached.
We continue to look after the planters and gardens around the village and manage Broxwood Picnic area for use by residents and visitors to the area.
Financial review
At the 30 April 2025 Scenic Sandbank had unrestricted reserves of £39,004, and restricted reserves of £93,987.
2
Scenic Sandbank
Company Limited by Guarantee
Trustees’ Annual Report (Incorporating the Director's Report) (continueg) Year ended 30 April 2025
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 28 January 2026 and signed on behalf of the board of trustees by:
lain James MacNaughton Trustee
ee
3
Scenic Sandbank
aee | report on the accounts of the charity for the year ended 30 April 2025 which are set out on pages 1 to 17.
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Scenic Sandbank
Year ended 30 April 2025
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In the course of my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in any material respect the requirements:
-
e to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
-
e to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Ors un 6 Rory
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Mr JR B Ross B.A. C.A.
Chartered Accountant
80 Argyll Street Dunoon
PA23 7NE
28 January 2026
4
Scenic Sandbank
Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account)
Year ended 30 April 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | Unrestricted funds = |
Restricted funds £ |
Totalfunds £ |
Totalfunds ra |
|
| Income and endowments | |||||
| Donations and legacies | 5 | 33,278 | 8,419 | 41,697 | 108,942 |
| Other trading activities | 6 | 2,759 | - | 2,759 | 2,870 |
| Other income | 7 | 36 | - | 36 | - |
| Total income | 36,073 | 8,419 | 44,492 | 111,812 | |
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs ofothertrading activities | 8 | 291 | - | 291 | 716 |
| Expenditure on charitable activities | 9,10 | 7,990 | 11,242 | 19,232 | 5,294 |
| Total expenditure | 8,281 | 11,242 | 19,523 | 6,010 | |
| Netincome | 27,792 | (2,823) | 24,969 | 105,802 | |
| Transfers between funds | 5,000 | (5,000) | _ | ~ | |
| Netmovement infunds | 32,792 | (7,823) | 24,969 | 105,802 | |
| Reconciliation offunds | |||||
| Total funds broughtforward | 6,212 | 101,810 | 108,022 | 2,220 | |
| Totalfundscarriedforward | 39,004 | 93,987 | 132,991 | 108,022 |
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 pages 7 to 17 form part of these financial statements.
5
Scenic Sandbank
Company Limited by Guarantee
Statement of Financial Position
30 April 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|
|Fixed|assets|
|Tangible|fixed|assets|16|120,523|94,121|
|Current assets|
|Cash|at|bank|and|in|hand|16,718|20,050|
|Creditors:|amounts|falling|due within|one year|17|4,250|6,149|
|Net current assets|12,468|13,901|
|Total|assets|less|current|liabilities|132,991|108,022|
|Net assets|132,991|108,022|
|Funds|of the|charity|
|Restricted|funds|93,987|101,810|
|Unrestricted|funds|39,004|6,212|
|Total|charity funds|18|132,991|108,022|
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For the year ending 30 April 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
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e The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the board of trustees and authorised for issue on 28 January 2026, and are signed on behalf of the board by:
lain James MacNaughton Trustee
The notes on pages 7 to 17 form part of these financial statements.
6
Scenic Sandbank Company Limited by Guarantee Notes to the Financial Statements Year ended 30 April 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland and a registered charity in Scotland. The address of the registered office is Broxwood Cottage, Sandbank, Argyll, Scotland, PA23 8PD.
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 Companies Act 2006.
- 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
There are no significant judgements that management have made in the process of applying the entity's accounting policies.
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
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Scenic Sandbank
Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 30 April 2025
- Accounting policies (continued)
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.
Incoming resources
All incoming resources are included in the statement of financial activities when 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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8 legacy income is recognised when receipt is probable and entitlement is established.
-
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.
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. Company Limited by Guarantee
Scenic Sandbank
Notes to the Financial Statements (continuea)
Year ended 30 April 2025
- Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis asa 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:
-
e expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
e 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.
-
® 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.
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:
Site Toilet and Office - 10% straight line Equipment - 10% straight line
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.
9
, Scenic Sandbank Company Limited by Guarantee Notes to the Financial Statements (continueg)
Year ended 30 April 2025
3. Accounting policies (continued)
Impairment of fixed assets (continued)
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 cash-generating 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.
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.
10
. Scenic Sandbank Company Limited by Guarantee Notes to the Financial Statements (continueg) Year ended 30 April 2025
3. Accounting policies (continued)
Financial instruments (continued)
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.
4. Limited by guarantee
Scenic Sandbank is
a company limited by guarantee and has no share capital.
- Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| 2 | ra | £ | |
| Donations | |||
| Donations- General | 271 | - | 271 |
| Donations - Amazon | = | - | - |
| Donations - Christmas Trees | ~ | = | - |
| Donations - Wreath Sandbank Primary | - | - | _ |
| Donation - Robert's Bench | = | 295 | 295 |
| Grants | |||
| Grant - Scottish Land Fund (Purchase ofGarden) | - | - | ~ |
| Grant - Scottish Land Fund (Garden Clearance) | = | - | - |
| Grant - Scottish Land Fund (for Salaries) | = | 8,124 | 8,124 |
| Grant - Argyll & Bute Council | 16,890 | - | 16,890 |
| Argyll & Bute Council -towards Site Clearance | = | - | - |
| Argyll & Bute Council -CMHWB | 6,770 | - | 6,770 |
| Scottish Land Fund | 9,347 | ~ | 9,347 |
| 33,278 | 8,419 | 41,697 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| E | £ | £ | |
| Donations | |||
| Donations- General | = | = | = |
| Donations -Amazon | 19 | ~ | 19 |
| Donations - Christmas Trees | 92 | - | 92 |
| Donations - Wreath Sandbank Primary | 36 | ~ | 36 |
| Donation-Robert'sBench | - | 1,479 | 1,479 |
11
. Scenic Sandbank Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 30 April 2025
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | |||
| £ | £ | £: | |||
| Grants | |||||
| Grant - Scottish Land Fund (Purchase ofGarden) | Garden) | = | 89,292 | 89,292 | |
| Grant - Scottish Land Fund (Garden Clearance) | - | 5,000 | 5,000 | ||
| Grant - Scottish Land Fund (for Salaries) | - | 8,124 | 8,124 | ||
| Grant - Argyll & Bute Council | 2,500 | - | 2,500 | ||
| Argyll & Bute Council -towards Site Clearance | 2,400 | - | 2,400 | ||
| Argyll & Bute Council -CMHWB | - | - | - | ||
| Scottish Land Fund | - | _ | _ | ||
| 5,047 | 103,895 | 108,942 | |||
| 6. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | 2 | ||
| Income - Gala | 1,791 | 1,791 | 1,362 | 1,362 | |
| Income - Christmas Fayre | 703 | 703 | 611 | 611 | |
| Income - Spring Fayre | - | - | 105 | 105 | |
| Income - BBQ | - | - | 238 | 238 | |
| Sale ofCalendars | 81 | 81 | 488 | 488 | |
| Sale of School Plants | ~ | — | 66 | 66 | |
| Income -CarBootSale | 184 | 184 | - | - | |
| 2,759 | 2,759 | 2,870 | 2,870 | ||
| 7. | Other income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | FF | ||
| Otherincome | 36 | 36 | _ | _ | |
| 8. | Costs ofothertrading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | a | ||
| FundraisingCosts | 291 | 291 | 716 | 716 |
6. Other trading activities
7. Other income
12
; Scenic Sandbank Company Limited by Guarantee
Notes to the Financial Statements (continuea
Year ended 30 April 2025
9. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Unrestricted Funds | 6,800 | - | 6,800 | ||
| Grant Funded Activity | ~ | - | - | ||
| Robert's Bench | - | 720 | 720 | ||
| Scottish Land Fund - For Salaries | ~ | 10,522 | 10,523 | ||
| Support costs | 1,190 | - | 1,189 | ||
| 7,990 | 11,242 | 19,232 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| 7 | £ | £ | |||
| Unrestricted Funds | 545 | _ | 545 | ||
| Grant Funded Activity | - | 1,334 | 1,334 | ||
| Robert's Bench | _ | 1,035 | 1,035 | ||
| Scottish Land Fund - For Salaries | - | 1,050 | 1,050 | ||
| Support costs | 1,330 | - | 1,330 | ||
| 1,875 | 3,419 | 5,294 | |||
| Expenditure on charitable activities by activity | type | ||||
| Activities | |||||
| undertaken | Totalfunds | Total fund | |||
| directly Support costs | 2025 | 2024 | |||
| £ | £ | £ | £ | ||
| Unrestricted Funds | 6,800 | 381 | 7,181 | 833 | |
| Grant Funded Activity | - | - | - | 1,334 | |
| Robert's Bench | 720 | - | 720 | 1,035 | |
| Scottish Land Fund - For Salaries | 10,523 | ~ | 10,523 | 1,050 | |
| Governance costs | = | 808 | 808 | 1,042 | |
| 18,043 | 1,189 | 19,232 | 5,294 | ||
| Analysis ofsupportcosts | |||||
| Unrestricted | |||||
| Funds | Total 2025 | Total 2024 | |||
| £ | £ | £ | |||
| General office | 30 | 30 | 22 | ||
| Governance costs | 808 | 808 | 1,042 | ||
| Subscriptions | _ | = | 156 | ||
| Advertising Costs | = | ~ | 15 | ||
| SundryExpenses Telephone |
304 47 |
304 47 |
35 _ |
||
| 1,189 | 1,189 | 1,330 |
10. Expenditure on charitable activities by activity type
11. Analysis of support costs
13
; Company Limited by Guarantee
Scenic Sandbank
Notes to the Financial Statements (continued)
Year ended 30 April 2025
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|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|12.|Net|income|
|Net income|is stated|after charging/(crediting):|2025|2024|
|2|£|
|Depreciation|of tangible fixed assets|2,035|-|
|13.|Independent examination|fees|
|2025|2024|
|£|2|
|Fees|payable|to the independent examiner for:|
|Independent examination|of the financial|statements|808|1,020|
|14.|Staff|costs|
|The|total|staff costs and|employee|benefits for the|reporting|period|are|analysed|as follows:|
|2025|2024|
|£|es|
|Wages and|salaries|10,523|1,050|
|The|average|head|count of employees|during|the|year was|1|(2024:|1).|The|average|number|of|
|full-time equivalent employees during the year is analysed|as follows:|2025|2024|
|No.|No.|
|Number of staff|i ||1|
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No employee received employee benefits of more than £60,000 during the year (2024: Nil).
15. Trustee remuneration and expenses
No trustees received remuneration from the charity in the year.
I
14
; Scenic Sandbank Company Limited by Guarantee Notes to the Financial Statements (continueg)
Year ended 30 April 2025
16. Tangible fixed assets
| Costof | Site Toilet | |||||
|---|---|---|---|---|---|---|
| Garden | and Office | + | Equipment | Total | ||
| £ | £ | £ | £ | |||
| Cost | ||||||
| At 1 May2024 Additions |
94,121 8,085 |
- 10,589 |
- 9,763 |
94,121 28,437 |
||
| At30 April 2025 | 102,206 | 10,589 | 9,763 | 122,558 | ||
| Depreciation | ||||||
| At 1 May2024 | ~_ | - | - | - | ||
| Charge forthe year | _ | 1,058 | 977 | 2,035 | ||
| At30 April 2025 | ~ | 1,058 | 977 | 2,035 | ||
| Carrying amount | ||||||
| At30 April 2025 | 102,206 | 9,531 | 8,786 | 120,523 | ||
| At30 April2024 | 94,121 | ~ | - | 94,121 | ||
| Creditors: amounts falling due | within one year | |||||
| 2025 | 2024 | |||||
| £ | ra | |||||
| Bank loans and overdrafts | 3,500 | 4,499 | ||||
| Accruals and deferred income | 750 | 1,650 | ||||
| 4,250 | 6,149 | |||||
| Analysis of charitable funds | ||||||
| Unrestricted funds | ||||||
| At | At | |||||
| 1 May | 2024 | Income | Expenditure | Transfers30 April 2025 | ||
| £ | z | £ | £ | £ | ||
| General funds | 6,212 | 36,073 | (8,281) | 5,000 | 39,004 | |
| At | At | |||||
| 1 May2023 | 2023 | Income | Expenditure | Transfers 30 April 2024 | ||
| General funds | = 886 |
£ 7,917 |
£ (2,591) |
re - |
a 6,212 |
17. Creditors: amounts falling due within one year
18. Analysis of charitable funds
15
. Scenic Sandbank Company Limited by Guarantee
Notes to the Financial Statements (continue)
Year ended 30 April 2025
18. Analysis of charitable funds (continued)
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 May2024 | Income | Expenditure | Transfers30 April 2025 | ||
| £ | £ | £ | £ | £ | |
| Grant Funded Activity | - | (1) | 4 | = | = |
| Scottish Land Fund - | |||||
| Purchase ofGarden | 89,292 | ~ | - | ~ | 89,292 |
| Scottish Land Fund - | |||||
| Garden Clearance | 5,000 | ~ | - | (5,000) | - |
| Scottish Land Fund - For | |||||
| Salaries | 7,074 | 8,124 | (10,523) | - | 4,675 |
| Robert's Bench | 444 | 296 | (720) | _ | 20 |
| 101,810 | 8,419 | (11,242) | (5,000) | 93,987 | |
| At | At | ||||
| 1 May2023 | Income | Expenditure | Transfers 30 April 2024 | ||
| £ | £ | e | £ | £ | |
| Grant Funded Activity | 1,334 | - | (1,334) | _ | _ |
| Scottish Land Fund - | |||||
| Purchase ofGarden | - | 89,292 | ~ | — | 89,292 |
| Scottish Land Fund - | |||||
| Garden Clearance | - | 5,000 | = | — | 5,000 |
| Scottish Land Fund - For | |||||
| Salaries | - | 8,124 | (1,050) | - | 7,074 |
| Robert's Bench | ~ | 1,479 | (1,035) | - | 444 |
| 1,334 | 103,895 | (3,419) | a | 101,810 |
16
Scenic Sandbank Company Limited by Guarantee
Notes to the Financial Statements (continueq
Year ended 30 April 2025
19. Analysis of net assets between funds
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2025|
|£|a|£|
|Tangible|fixed|assets|31,231|89,292|120,523|
|Current|assets|12,023|4,695|16,718|
|Creditors|less|than|1|year|(4,250)|-|(4,250)|
|Net assets|39,004|93,987|132,991|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2024|
|£|£|e|
|Tangible|fixed|assets|4,829|89,292|94,121|
|Current|assets|7,532|12,518|20,050|
|Creditors|less|than|1|year|(6,149)|_|(6,149)|
|Net assets|6,212|101,810|108,022|
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20. Related parties
Scenic Sandbank received an interest free loan of £4,500 in the year from JHDC Tech Ltd. Mr Thomas McKillop is a Trustee of Scenic Sandbank and is also the sole director of JHDC Tech Ltd.
The Borrower (Scenic Sandbank) shall use its reasonable endeavours, by virtue of crowd funding in the local community, to raise the funds required to repay all outstanding Loan sums due to the Lender (JHDC Tech Ltd), by no later than the Final Repayment Date (2nd February 2026).
The Lender acknowledges that as the Borrower is to use crowd funding to facilitate repayment of the Loan, then any repayments made by the Borrower shall be made as and when funds are available and that there shall be no fixed repayment schedule.
The Lender acknowledges that should any outstanding sums of the Loan not be repaid by the Final Repayment Date, then all outstanding sums due to the Lender by the Borrower at that time, shall be written off and no further sums shall be due by the Borrower to the Lender after the Final Repayment Date.
If the Property is sold by the Borrower on or before the Final Repayment Date, the Borrower must repay in full all outstanding sums due on the Loan to the Borrower from the sale proceeds no later than one month after the date of completion of the sale.
The loan balance outstanding at 30 April 2025 is £3,500 (2024:£4,500).
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