REGISTF.RED CON1PANY YIIMBER: SC:041702 1ScntlAnd) REGISTEKED CHARIT). fil NI BER: CS01)4704 REPORT OF THE TRIISTF.ES.4YD UNAUDITED FINANCIAL %TATF.MEYTS FOR THE YEAR ENDED JIST ￿lARCH 2024 F()R DLITHAC CENTRF. fjoldwells Ltd l O Knockbreck Sirttt Tain Ross-shlrc IV19 IBJ DLITIIAC CENTRE COI%TENTS OF THF. FIYANCIAL $¥T.ATE￿IF.STs FOR TIIE I'F.AR F.N'DF.I) 31ST fvIARC'H 2024 Paffe Chalrmjn's Report Report of ihe Trusie¢J Independeni Exgmlner's Report SIAlemeni of FinanclJl Actii'ilies Balance She¢t Noies io Ihe Financial Slatemenls Del¥Jlled Stgiemenl of Flnanrlal Aclii'ltles Dl.'"fHAC CENTRE CIIAIRTr1IlY'% Rf.pi)RT FOR THE I'F.AR F.IYDE.D 31ST IIARCH 1024 i-.rri1n iii Novembcr 2023. and I would like to lake this OPPOrtunii)' lo exieiid m), &JraiiiuJL IcTr m>, took over ,1, rF- Pfkd¢ce550r i¥ho has don¢ a fani&SiiC job of changins ihe Duiha¢ Cenif¢ io a irusie¢ lead orbyaiiisalion and a regiisteTed C Iidl ' l! . I l.. Jl..IS baitl¢d ii'iih ihr banks, l.icencing. OSCR and man!, other organisatiun5 to gei ihis Gentre to a successful H'urkiiig cniiiy, I Il'ould also lik¢ to ihutth our Cenlr¢ fvlanaser. oui. I had very little idea ivhdi went inio ihe overall running nf this centre uniil l jc)ined the ihcn coinmiiiee a feiv ye&r5 a¥io, bui li is a loi of I￿Ork. There kwe man), people i%,ho do ihin45 in ihe backgrouiid ihat mosi people ivlio usc this fa¢ilily don't see. Brian, doing v2ri0118 jobs lo help keep th¢ ¢entre5 electrical needs ¥?oin¥. plus lots of oiheT iliings. as diies Angus 14,110 Is ili%'a>'5 on hand ￿'1(h a paini brush or a 5crei%'dri%'er, in addilion lo %iill supporting Ihe Wlth some of the admiiiistraiive diiiie5 1 l ii'ould also lik¢ tliaiik I i Ir takin8 over as ireasurer, h¢ ha5 r¢all>' gr)spcd the netile and is doing a sterlins job vt" k¢¢pins OiiT fiiiiinvL s Il ,II ,ITI il oli track. l am currenil!, Irving io rccNit a new member of stafT io assi%t as required. bui ihi3 is provins more difficuli than rirst ihaughi, am also investigaling the setting up of Ihe Duihac Cenire w¢bsil¢ and have had a fcii. meeiin¥s with local ￿'¢b designers. 'e hAI'e conliiiued to keep all of ihe major user5 c)f ihe Lentre Includin¥ Easier Ross Musical Theatre, Panto. over 60.5. labl¢ i¢nni3, Nl.IS ¢lc bui liave also atlrq¢ cled a feii, Ii¢i%' u.scrs like Bin80 loco, DVSA and Ihe tribuie aci eveniiiss. I'ibr ihe eXL¢plional ivork she earries oui w¢vk in ￿¢¢k VL• flnl l?ken ov¢r. 17th t)ecemb¢r 2024 Page I I)IITHAC CFNTRE RF.PORT ()F TIIE TRIISTEES FOR THE I'EAR EliI)F.D 31ST I%lARCH 2024 The trustecs iN'ho are also direciors of ihe charity for the purposes of the Companies Acl 7006. preseni ih¢ir reporf Il'ith the fiiianciiil slai¢ments of ihe charity t-or the S'ear ended 31 st Marrh 20)4. The trusle¢% have adopied ih¢ proi'jsi0115 01. Accouiiiii)&J and RLponing b) Chariiie5; St.qlemeni of Recommended Practice applicable to chariii¢s prcpiiring il)cir a£couniS in accordan¢¢ w'iih ihe Financial Reporting Sliindard applicable in the UK and Republic ot. Ireland (F'RS 10? (elTecliv¢ l January ?019). TRliCTIIRE, l•nN'ERP*AP4CE AND MANAGEMEYT Goi'erning d()curnent I'h¢ chariTr' IS Loiilrolled bi. 118 governing document. D dced of irusi. and con8lilUtL'5 a limiled eompuny. limiled by guumilec. as d¢fin¢d b), Ihe CoinpAnie4 Aci ?006. REFERENCE APqD AD￿lI￿11STRATlVE DETAILS Re%istcred CompanTr' numher Scnfi l 7n? {Scotland) RL'gist¢red Cli&rl¢>' numher LS005704 ReRilt¢rod olll¢e Ind¢i)viideiil F.AIlllllllLr CJold%i'¢lls Lid l O KnocKbreck Sireel Tain Ros￿ShIrt Ivlg IBJ f p14,-. k. 4f trusiees on 17th December 20?4 and sign¢d on lis behalf bi,; Page ? INDEPEYDENT EXANIINF.R'S REPORT TO THF. TRUSTEES OF DUTHAC C.F.r*"fRE I r¢port on the accounis for the year ended 3151 Miir¢h 7024 sel oui on pases four to eight. ReSPL'Lti)'e responslblliiics of trvslees and examiner Th¢ LhJritY'& Iru.4lcc8 ari r¢sponsiblL. l.or ihe PTepiiroiion of the accounts in accordanLe iviili ihe terms of thc Chariiies, and Trusiee Investmeni (Scoiland) Aci 2005 and ihe Charities Ateounis (Scoiland) Re¥ulaiions 2006 (as ameiided) The ch2rit) s Irusiee5 Lullsidcr Iliai thc oudit reguiremeni thf Regu12tion l O( I X2) 10 {c) of the Accounis Resyulaiions do¢5 noi apply li is m>, responsibilil), io exuiiiinc the oeeouni$ as reqiiired linder Section J41 l Mc) ot- the Act and 10 5liiie M.Ii¢tli¢r pnrticular matters h&i%'e come to mtr aiienlion, Basi5 of the independenl examlner's reporl My ¢xamination %%a5 ¢a￿l¢d uui ill ¥1LLuI'diinc¢ Wltli R¢gulaiion I l of ihe Charities Ac¢oun15 (Scotlandl Regiilaiions 2006. An examination includes a rcvieii. of ih¢ accoiiniing records kept by ihe charitN and a compaiison ol- Ihe aCCOIIIIIS prescnted M Ith those records. It a150 includes consideration of an>, unusual items or dis¢losure% In the i1ccounis. and 5ecking L¥plJnations trom you as irustees coiicerning any such mailers. Thc procedures undLrtiiken do lloi proi'ide illl Ihe eN'id¢iic¢ ihai woiild b¢ r¢qiiired In an lludii. and canscqucnily I do noi expre￿ an audii opinion un the viei%' gi%'Ln by Ihe accounts. Indtpcnden¢ examliier'5 Statemtiit In connection iviih rny ¢xamina(ion, iio mail¢r has come lo m). atieniion (l ) whi¢h gives me reasonable cause io believe ihal. in an!, mil tenal respecl, the requirements lo keep A¢counling records in accordance 1% ith Seciion 44( I Xa) of the ?005 Act and Regulaiion 4 of thc ?006 Accounts Regulaiions: and to prepare accoun￿ which accord with the accounting r¢¢ords and io compl), w'ith Re¥ulation 8 of ilie 2006 Accounts Regululions have nat been met; or (2) to ￿'hich, in my opinion. attention should be draii'n in order io enable a proper understanding of ihe accounts 10 be reached. Goldwcll4 l.td 10 Knockbrcck Streei Tain Ross-shire IV19 IBJ 17ih December ?024 Pa¥e 3 DIITHAC CTr.NTRE STATF.￿IF.lT OF FIYAYCI.4L ACTIVITIES FOR TIIE I'EAR DED JlfiT ￿l.4RLlI 2024 PLriod 24.4.22 io Year Ertded il.i,24 Unrestricted fvnd 31.3.23 Totul funds Notes INCOME AND F.NDOWfvIENTS FRONI Donaiions and legacies 32.710 30,?56 Other tradin8 8¢1ii'ilies Total F.XPENDITLIRE ON Raisin¥ funds Ch#ril&ble actli'llles I'ain Towii Fliill 32,979 7.244 Toial 22.743 YET INCOME REC()NCILIA'I I()N OF FUNDS Total lunds brvughi lori%iird TOTAL FIIYDS CARRIF.D FORW'ARD The notes forni pan of these financial 5tatem¢nl3 Pagc 4 DIITHAC CF.NTKF. BALANCF. SHEF.T 31 ST IllARC'.kl 2024 2Q?4 Unr¢'siricti.d rund 2023 Total otes FIXEI) ASSF.'r Tangible ass¢ts 253 CliRRENT ASSETS Cash ai bunk and in hand 23.935 CREDITORS Ainoun15 lullii)B due within one year (1.445) ??.490 NET CURRE.NT ASSETS TOTAL ASSETS LESS CLIRRENT LIABILITIF. 22.743 2?.743 NF.T ASSETS ljnrestricled fuiids 22.743 TOTAI. FUIYDS I"he kharilable compan>, is enlitled lo exempiion from audil under Section 477 of the Conip4uiies Aci 2006 for ihe year ended 31 st Mar¢h ?0?4. Thc m¢mbrrs hav¢ not required ihe company to nhiain an audii of its financial 5taienients for th¢ )'ear ended 31 st March 2024 in accordancL i%'iih Section 476 of the Loinpaiiies Aci ?006. The m151ees acknoii,l¢dge their responsibilities for (a) ensuring Ihai the Lharii4ible ¥oiiipany keeps a¢countin¥ rc¢ords ihai ¢ompl}' with Svction5 386 and 387 of ihe Comp:iiiies Act 200f) and preparin¥ financial siaiL*menls ivhich give a tnie aiid fair vieth, of the .%iaie of atlairs of Ihe chnriiable conip41llK a5 ai Ihe end of each financial year and of ils surplus or deficil for ¢acli financilll N'car in accordiince i¥iih the rrquirrTiIEnis of SecliDns 394 dnd 39< and ii,hich thiher1lrj￿ ci)InplN' ii'ilh Ihe rcqil1remen￿ of illr Lompani¢s Act 2006 relaiing io financial 51ai¢menis. so far as applicablc to ilie charitable coillpian) (b) These financial %talemenis hRve been prepared in accordance 14'iili Ilie provisions applicobl¢ lo charilable companies subject lo the small conipanies regiine. The financial ilDtcminis %i'¢r¥ upprov¢d b), Ihe B(Trard of Tru5te¢s and auihorised tor issue on 17ih December ?0?4 and lTre noles forni pan of ihe5¢ financial 51atements Pa4e 5 DL',THAC CF.NTRE NOTF.5 Tn THF. FIliA%CIAL ST,.ITF.ME%TS FOR THF. YTr.AK EIYDED 31ST NIARCH 2024 ACCOUYI TINC POLICIES Ba515 of preparing the flnanf lal *laiementS I'he linancial siai¢iii¢iits u( lh¢ Gharitable company. which is a public benefit entiTh' under FRS 102. have been prepared In acLordanc¢ will) Ihe Charities SnRP (FRS 102) 'Accounling and Reporting by Lhariiies.. s1411eiiiLiit of Recomm¢nd¢d Practice Jpplicable io charilie5 preparing iheir accounis In accordance M'iih ihe FinuiiLidl Reporting Siaiidard applicable in ihe LJK and Republic of Ireland (FRS 102) (ettccilV¢ l January ?019)', Financial R¢por1ing Standard 102 "file financial Reporting St41iidard applicable in ihe UK und Republic of Irelond, and ihe Companics AGI ?006. Tlie financiul statemenls have ken prepared under the historical cosl convenlion. Income klll Income is reco¥nis¢d in ihe Siat¢ment of Financial Activities oni¢ ihc charil%, hL4 eniitlemeni io lh¢ fund5, il is probable that ihe income will be received and the amouni can be measured reliabl>'. Expenditure Liabilities are recogiii5¢d as expeDdiiure Y4S soon as ihere is a legal or consiruclive obligation commiiiiiig Ihc Charl￿ to ihat expenditurc, il Is probable ihai a Iransfer of economic benefits will be required in s¢ltlem¢nt and the amouni of ihe oblibTration can be measured reliabli. Expendiiure is accounted for on an accruals basis lind hils heen classified under headings thai aggregatc all cosi relui¢d io the caie8oo Where costs canno( be diTe¢ilv attribuied io panirular headings ihey have been 8llocatcd io a¢iiviiies on a basis consisteni willi ihc use of resources. Tangible fixed as5¢ts Depreciaiion is providcd ai the follow'ing annual raies in order io ￿TIl¢ off each asset over lis esiimaied useful life. TaxAtlon Th¥ ¥hJrii> is exempt from corp()raiion ￿ on it5 churitablc activities. Fund #ccouniln8 lJnT¢stricicd funds can be used in accordance wilh the charilable objectives at the di￿re110Th of the truslees. R¢striLl¢d fvnds can onl>. be used for particular rc51ricied purposes w'ithin ihe nhjecis of ihe charity. Restrictions orjse when specified by ihe donor or w'h¢ii funds arc raised for puni¢ular restrictcd pury)oses. Further explanaiion of the naiure and purpose of each fund is included in ihe noie5 to ihe financial siaiemenls. Pcnsion costs and other posl-reliremeni benen15 Th¢ L1141rliabl¢ &viiipany op¢rtst rel&le. OTHER TRADINC AcfiviTIF. Prriod Year Ended 31.3.24 to Room hire Crafl fair 29.711 505 30.256 Pagc 6 Lontinued... DU'fHAC CF.YTRE NUTES TO THF. FI%AYCI,IL sTATE￿lF.1%T$- eonilnued FOR THE I'EAK E%1 VED 31ST %IARCH 2024 RAISING FUNDS Ini'e5tment rnanagement C0515 P¢riod 2$ 4.27 io Ycur Ended 31.3.74 799 Property repairs NET INCOMEI{EXPENI)ITLIRE) Nei In¢omel(expenditure) is siaied after chargin8,'(crediting): Period 25.4.22 io Year Ended 31.3.24 31.3.23 126 Depreciation . o￿Tr¢d assets TRUSTEE5' RENIUNERATIOY AND BF.NEFITS There ￿'ere no truslCCS' remuneraiion or other benefits for ihe >'ear ended 31 si March 2024 nor for the Friod ended 31 st March 2023 TruSl¢¢J' expensej There were no trustees. expenses paid for ihe year ¢nd¢d 31si March ?024 nor for the period ended 31 si Ma￿h 2023. CnMPARATIVE,S FOR THE STATEMENT OF FINANCIAL A￿1VITIEs To￿1 t'unds NET INCONI IE TOTAL FUNDS CARRIF.D FORWARD TANGIBLE FIXED ASSETS Plani and machinery Addiiions 379 I)F.PRF.CIATION Charg¢ lor >L4ir 126 IYET BOOK VALIIE Ai 31 si March 2024 Ai 31 st March 2023 Pa8e 7 coniinued.. DLITHAC CENTRE OTF.Sb Tll THF. FIliA%CIAI. STATEMF.14T(i- con¢lnucd Tr"I)K THF. )'EAK EI%DF:D 31ST %lIKRCH 2ll24 CRF.DITORS: AIIOUNT5 FALLING DLIE II'ITHIN ONE I'EAR ?024 2023 51)cial 5e(urii)' and vih¢r tax¢$ Oth¢1 Er¢dilors 1,283 162 1.445 MOVENIENT IN frLIYDS Net moveiiieni In fuiids At 31.3. tlt 1.4.23 Unruiricted funds Gcneral fund 22.743 ?2.743 22.743 22.743 TI)TAL FLINDS Nei movemeni in fvnd5. included in lh¢ obove are as follow's: Incoming r¢sourics Resour¢¢s expended Movemeni in funds unrestricted funds General fund 62.966 (40223) 22.743 TOTAL FUPIDS h? 9fiA 31 10. RF.I.ATF.D PARTI. nlSCI,()SIIRF..S There were no ￿la1¢d party trnnsaciions for ihe year ended 3151 March 2024. Page DIITHAC CENTRE DETAILED STATF.fyIF.NT OF FIli.4YCI.4L ArfiviTILS FOR TIIF. I'EAR F.NDk"D 31SiT I%lAXCII !1)24 Period 25.4,22 lo Year Ended 31,3.24 31.3.23 INCO￿lE AIYD ENDOWfv1F.NTS Dona¢lons and legacies Donations 32.710 Other trnding gCtii'ille5 Room hire Craft fair 29.751 505 30.256 62.966 TotAI Incomlng resources F.XPENDITURE Oth¢r Irading ACtl%'illes 27.3?7 758 296 3.799 Pensions Liccnsing No descripiion 32.11 Invcslmeni m4n*gtmeni eojls l)ropew repair 799 Ch8rli4ble Aetli'itles Raies and waier Insurance Lighi llnd heat T¢l¢phon¢ Sundiies 515 488 4.8?7 617 671 7,118 Support costs Olher Depreciaiion of iangible fixed assets 126 Tvial resources expended 22,743 Nei income This page does noi forni pan of the siaiutory financial uaiements Page 9