OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-08-31-accounts

Findochty and Buckie Development Trust SCIO

Trustees’ Annual Report

Period 1 Sep 2023 to 31 Aug 2024

Charity contact information

Charity Name: Findochty and Buckie Development Trust, also known as FAB DT Scottish Charity Number: SC052237

Address 7 William St, Buckie, AB56 1RN

Website: https://fabdt.co.uk/

Facebook profile: https://www.facebook.com/FABDevTrust

Charity Trustees

2

Objectives and activities

Charitable Purposes

Findochty and Buckie Development Trust [FAB DT] has been formed to benefit the people residing and / or working in the Findochty and Buckie area, (which comprises Moray Council's Ward 3 - Buckie) and will represent the interests of the whole community of Findochty and Buckie, throughout the lifetime of the Trust.

The Trust objectives are:

1 - The advancement of community development, including advancement of regeneration, but such that the Trust shall do so following principles of sustainable development.

2 - The provision or enhancement 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.

3 - The advancement of citizenship.

As a Development Trust we are a community owned and led organisation which uses a combination of enterprise and creativity to improve the quality of life for people living in the Findochty and Buckie [FAB] area.

We support people in our community to come together to address local issues through collaboration and partnership working. Our goal is to enable social, economic and environmental renewal of our locality through capitalising on

3

funding opportunities, income generation from trading for social purpose, and community ownership of buildings and land. In common with other development trusts in Scotland, we always aim to do this in ways which are ecologically sound, economically viable and socially just.

All of our intended activities are community led and as such will vary over time according to the needs of local people and their priorities identified through ongoing community engagement and research.

This flexibility and ability to adapt to changing circumstances will ensure that we are well placed to support our community when unexpected economic, environmental and social challenges occur.

Structure, governance and management

Constitution

FAB DT was registered as a Scottish Charitable Incorporated Organisation (SCIO) on 10[th] January 2023. Our Constitution was last reviewed in August 2024.

FAB DT has a 2-tier structure, comprising the Members and the Board of Trustees. Membership is open to any individual aged 16 or over who lives in the Findochty and Buckie area, ie Moray Council’s Ward 3.

In addition, we have some Associates who are not eligible to be members of the organisation but who wish to support the organisation’s Purposes.

The board of Trustees must make sure that the charity complies with FAB DT’s Constitution.

4

Trustee recruitment and appointment FAB DT has a minimum of 3 and a maximum of 9 Trustees, the majority of whom must be elected or appointed from the membership. The board is also empowered to co-opt any non-member to be a trustee. As the individuals who signed the charity trustee declaration fomis which accompanied the application for incorporation of the organisation, appointed by the Members as charity trustees with effect from 101h January, 2023. and￿ were elected as trustees by Members at a special meeting on 151h March 2023. was appointed from the membership on 9th April 2024 was appointed from the membership on 17th May 2024 8UCKIE AREA FORUM WITH FINDOCFffY AND BUCKIE DEVELOPMENT TRUST THE HUB Monday to Friday Saturday 10.00 am to 4.00 prn 10.00 am to l.CQ pm 17 Eost Church Street. Buckle Achlevements and performance In this period. we have: Continued to support Buckle Area Forum to operate The Hub advice centre and warm space in Buckle which was established to mitigate the impact of the cost of living crisis on our community. 25 of our Members and Associates volunteer for The Hub on a regular loften weekly] basis, contributing to direct delivery, project administration, building maintenance, fundraising and social media. Our charitable status enables The Hub to benefit from reduced costs and to access fijnding.

During this period, The Hub received almost 7000 visits from users.

Established Buckie Community Lunches as a popular monthly event. 9 of our Members and Associates volunteer for this project on a regular basis, contributing to shopping, cooking, serving, and project administration.

6

Contributed to the delivery of “A Better Buckie”, the Buckie Locality Plan .

6 of our Members and Associates make up the Community Monitoring Group and are involved in:

During the period, the Community Monitoring Group:

Carried out fundraising activities and raised £810.

7

Worked to develop FAB DT as an organisation, including:

Participated in focus groups as part of The Moray Council’s Learning Estate Review in Buckie.

Met with representatives from Vattenfall regarding their proposals for a wind farm at Aultmore and potential Community Benefit programme.

Financial review

At this early stage, our main sources of funding are grants, donations and receipts from fundraising activities.

Key points to note:

Income:

Expenditure:

8

Statement of the charity’s policy on reserves

We do not yet have a policy on reserves as we have no employees and no significant recurring expenditure.

Details of any deficit

None

Donated facilities and services

We have not benefited from any donated facilities or services.

Future plans

Our goals for the next 12 months include adding to our membership, strengthening our board, further developing our organisation, building our funds, further developing our website as a community resource, and progressing plans for a Community Hub.

Declaration

Signed on behalf of the charity trustees:

Designation

Date

Chair 26[th] March 2025

9

APPENDIX 2

SC052237

Findochty and Buckie Development Trust

Additional analysis (3)

Receipts
6 Breakdown of restricted funds
Restricted fund
1 - enter name of
fund below
The Hub
Restricted fund
2 - enter name of
fund below
Buckie
Community
Lunches
Restricted fund
3 - enter name of
fund below
Buckie Locality
Plan
Restricted fund
4 - enter name of
fund below
FAB Community
Website
Total restricted
funds
Total restricted
funds last
period
Donations 2,982 2,982 778
Legacies -
Grants 5,000 2,000 7,000 7,360
Receipts from fundraisingactivities -
Gross tradingreceipts -
Income from investments other than land and
buildings
-
Rents from land & buildings -
Gross receipts from other charitable activities -
Sub total
Receipts from asset & investment sales
- 2,982 5,000 2,000 9,982 8,138
-
Proceeds from sale of fixed assets -
Proceeds from sale of investments -
Sub total
Total receipts
Payments
- - - - - -
- 2,982 5,000 2,000 9,982 8,138
-
Expenses for fundraising activities -
Gross trading payments -
Investment management costs -
Payments relating directly to charitable activities 12 2,366 5,920 2,000 10,298 969
Grants and donations -
Governance costs: -
Audit / independent examination -
Preparation of annual accounts -
Legal costs -
-
-
Sub total
Payments relating to asset and investment
movements
12 2,366 5,920 2,000 10,298 969
-
Purchases of fixed assets -
Purchase of investments - 5,000
Sub total
Total payments
Net receipts / (payments)
Transfers to / (from) funds
Surplus / (deficit) for year
- - - - - 5,000
-
12 2,366 5,920 2,000 10,298 5,969
-
12)
(
616 920)
(
- 315)
(
2,169
-
12)
(
616 920)
(
- 315)
(
2,169
-
Nature and purpose of funds
Restricted funds m ay only be used fo r the purposes specified by the donor o r grant provider.

FABDT SC052237 OSCR Receipts and Payments Accounts 010923 to 310824Additional notes (3)

December 2007

APPENDIX 3 OSCR 5(Ottth Charity Wuwor Independent examiner's report on Ihe accounts R•port lo lh• Chaity name trusteeslmembers of Fintjochty ond Buthè Devèl¢prnènt Trust R•glstorgd charrty SCOS2237 numb•r On th• •Kount• of lh• charlty for thg P9rlod Period stsrt date Ih Period end date Ye Day lo 01 31 S•t oul C+n p•g•• d￿Tity￿ iwvslee5 are resp￿Sl￿e ts the WEP8f8tion ol Ihe accounts in 8ccordarKe r•spon5ibilitios of wrth the iem)s olthe Ch¥rfi9 and Tru$tè6 Investment (SC￿)t18ndl 2005 Act 8nd the trustee5 and exarnlner Charities Accounts (Scotlandl Regulation$ 2006 las amended). The charity trustees cgnsider that the audit Tequirem8nl ol Regulation 10111 Idl ol the Accounts Regulations d025 not 8ppty. tt Is my responslbllity to examine tt)è ateA)unts as wulfed under se￿k)n 44111 Icl of the Act and to State wheV)er parbcular mat¢ers have corne to my attention. BB515 of Independent My examination is earried out ￿ aC￿rdanCe with Regulation 11 of the 2(K)6 Acwunts exBminerfs statement Regulations. An examin8tion includes a re¥￿ of Ihe aCcA￿￿tng re¢ord$ kept by the charity and a Comparison of Ihg a¢counls pwented wth Ihose records. It also induées considgration ol ally unu8¥81 rterns or disclosures in the accounts 8nLI seeks èxp18naliDns from the irLtS￿eS conc&ming any such matters The procedures underiaken do not provKle ell the e¥￿ence that woulé be rwu¥ed In 8n aud1t and. ccmsaquentty. I do not expr05s all audrt opinion on the view gNen by Ihe 8cCO￿nts. Indepondgnl examln¢r'$ In the tnurse of my 8xamination. Th) nvtter has come to my •ttenticy) gtatement l. which gives mo ￿onab￿ (aJ5e to bElieve Ihal tn any rnatorial rosp8Gt Ihe requlrements.. to keep accounting rècord5 in accordance wth s8Ction 44111 lal of the 2005 Act an Règulation 4 of the 2006 Accounts Regulations. and to prepare 8ccounts which accord with the ac¢ounting recLJrds and ￿mplY wrth RegUla￿Ort g of the 2006 Attounts Regu181tons havo not been met. ot to whth, In my opinion. attention should be drawn In order to enable a proper Slgn8d- Name.. Rolovant wotsssional 4u•llfi¢8tlonl¥l or body Ilf anyl-. Addre55'. "PbBEEdd£tg wrxd5 Inihfrts8cketS Il iDe5 dts Ml Gpf.Iy K'.f,Q iiofds co aPPI>. %P.'. thisv mirttÈrE na¥P crrne io y-- Ic4bA4ng "" OSCRvJlll 4cc4x (*typod skJnabJros