Mallaig Community Hub and Shop (SCIO) Scottish Charity Number SC052549 Receipts & Payments Accounts For the pexiod 17th May 2023 to 31st May 2024 MalJHt£ Ctsmthunlty Htsb Artd Shop ISCIOI Indcptndent ExamineVB repGlI to the Yrusieei on the unaudited accounts of the Mal]aig CornmLZWty Hub and Shop 6 Accov015 Rc8uI*iL¥OS docs D¥1 gpplv li 1$ m!. i¢spon*bthti' t(> txrrinr th¢ aC¢Qbunis a5 4Lui¢d wmler seLli￿7 MIII (ij ￿￿￿.￿&t AtLd ￿ sta￿ WI)eth￿r p¥u¢ul#r lluitei¥ have ¥¢mLe LU ni) ULeoiitsll. B￿1$ ofitideptmdent exAthtYJee$ itatethent My examinirion is carmed in a£coydasitt with Xegdlaoon 11 of the Charities Accnunts (sc()￿and& Re8ulatMin% 2rM)6. An examinauop. irLtlvd¢s 8 r¢wew ()[ the atcoonting retords kept b). the trtd # tryson of tht 9ccthkntg prtstnttd tho* retord$ Ir ￿$0 Incl￿¢5 COiisiarfè*i(JD ol ikr ot dis¢hsutt& in ihe #iiOLirtES, sttks expknn'aur)15 (ioiii die iru5trts untg. tDd¢p¢od¢nt ¢xamin¢e$ $ta*m¢Di t1￿ ¢ottts£ of m>. trAanynaiiOn. i)U hls comt to m} >tttniiO￿. to kttp ictollrtt￿￿ rl'mrd5 In arcordgtsct $ctllon tylll J12'. of tht 2Tr15 Ar thc before Eransfer5 T[￿5fCrs beNeen funds 13,498 14,626 28,124 SU￿1￿$/(De£¢IiI th¢ year 13,498 28,124 Pa8e3of6 M¥Uai£ComJnuniry Hub aoJ Shop (SCIO) Rttcxptg #nd P*yments A¢count8 Foy the peIiod 17th blay 2023 to 318t Mlly ?￿24 Period to Pe£ioa to PeEiod to 31$1 May >24 315¢ M¥y 2024 Unte8trii%ed ReAttiL*ed TLTrtsI Statement of Bai*TJce8- aB at 3l&t Mav 2024 Opethlng ¢atsh #t b*nk and .4dd Jncome 2<) 1)U 29,150 14,524 44.563 31.065 73,713 45.589 [£35 Expcttth'tuic Tranifers Clos1￿ ¢ash at bojjk ghd in h8hd 13.4()8 28.124 Bank And C*5h B*lAnce5 LamLnu￿ty A£couni OurstAnding ￿dg￿n¢Ats Outsrandll¥ Ch¢9U Pctty Cash 13.4Y8 14.626 28.U 9&10 13,498 14.626 28.124 si￿& be1￿1r￿f￿ll T￿￿te¢s. Name". Dait= i¥ Tht ntsts$ on py$ S to 6 fotm pg*t tsf the#e financi41 #lAiements Pa8e4016 MallaÈ8 Communlty Hub and Shop ISCIOI Notesto the accounts Fof the period 17th May 2023 to 315t May 2024 l Ba51s of AccDuntin8 These accounts have been prepared Dn the Receipts and Payments basis in accordance with the Charities & Trustee Invesiment Ikotlandl Act 2(H)S and the Charities Actounts Iscotlandl Re8ulaiions 2006 las amendedl. This the flrst set of acmunts for the Charity since Registration on 17th May 2023. 2 Nature afid purpose of furtds Unrestritted funds are those that may be used zt the discretion of the tru5tee5 in furtherance of the objeLts of the thèrtty. The trustees maintain a single unrestricted fund fort*e day-to-day runnin8 of the Charity. Fund5 of £4.225 helé by the Unithttsrporated Organisation were donated to the Chèrity. Restrirted funds may only be uséd for gpecifie purposes. Restrictions arise when specified by the dogL>r or when funds are raised for specific purpose5. Grant5 totallin8 £29,150 wEre re£eNed by the Charity- Highland Coun¢S1 Commvnitv Regeneration Fund I£10.7501 towards rerTrtal costs and overheads, Firstport1£17,5001 for ient&l start up costs, Highland5 & Islarsds Clirnate Hub IE9001 for purchase of sustainèble items. 3 Related p•rtytransartlons No remLtnerztion was paid to the Trusiee5 or any connected persons during the year. 4 Grants ljnrestrlcted Funds Restri¢ted Fund$ 10,750 17,500 900 29.150 Toto12024 10,750 17,500 900 29,150 Highland Council IHCI Firstport IFPI Highlands & Sslands Climate Hub IHICHI 5 Donatlons Unre5trlctEd Funds Resirtrted nds Total 2024 4,225 4.225 Transfer from Unlncorporated Or8anisation 4,225 4,225 6 Transfer5 betwttn lunds There were no tfan5fe¥s between fvnds durin8 the year. 7 Govemano Costs Unrtstrl¢ted Funds Restrieted Funds Total 2024 Ir(dep¢ndent Examination 8 Voluntte The Trustees would like to re¢oid thelr than￿ to all the volunteer5 who dedltate a signiflcant amount of time for no remuneration toihe Charity. Pa8e5of6 9 Restrlcled Funds At 17th Mav 2023 At 31st May Transfer5 2024 In￿￿[n8 OutgoÉnB 110,7171 13,(K)01 Cornmuhiiv ReEeneration Fund IHCI Bulld It Grant IFPI Start It Grant IFPI Sustainable Space5 IHICHI 10,750 5,000 12,500 900 29,150 33 2,000 12,500 93 14.626 18071 114.5241 10 Unrestrlrted Funds At 17th May 2023 Al 31st May Tran￿ery 2024 Incomln8 0￿&01￿g 131,0651 131,0651 UnrestTlCted Funds 44,563 44,563 13,498 13,498 Page6of6 Chalr's re ort Mallal Cornmunit Hub and Sho 2023- Ma 2024 A5 the post of chair is currently vacant thi5 report has been prepared by secretary and acting chair. The Mallaig Community Hub and Shop wa5 registered with OSCR in May 2023. At the ttme there were four trustees: n January 2024 quickly took on the role of Chalr with becoming a paid staff member. took on an IT and as vicechair in the oined injan 2024 website role and transition to Meetin85 of trustees are monthly, usually online via zoom. Introduction The Mallaig Community Hub and Shop became a registered SCIO in May 2023, this was the culmination of many months of hard work by communlty members, some of whom were no longer involved. At the time of re istration, the new board were in the process of securing a 5-year lease from who own the building. The post office had remained in operation a5 a tenant throughout the transition and managed to stay open during renovations. Renovation work continued throughoutthe year. The community were able to start accessing the building for some events by May 2024 but the zero-waste store was still not trading. Many thank5 go to all the partners in this enterprise and the Patience of all the 5UPPOrters, it was a long haul. Just Enter rise and re the two trustees who carried over from the previous community group who had tried storted to initiate the projert prior to COVID lockdowns. started to work on a programme with Just Enterprlse. The 'St3rt it, programme which provide5 mentorin8 and support to young entrepreneurs and £501JJ for the first year. Thls was used to purchase some of the fittings for the refill/ 2ero ackaging store. At the end of the yea as 5ucce55ful with the help of in her proposal to pass into the second year of the programme and secured funding for her wage to manage the opening year of the shop and community hub. Renovations During the year building renovation work took place, initially in the front part of the building to open up the space and uncover the windows and then to do the floors, insulation, wirin& lighting, heating and painting followed by the fabrication of counters and partitions. The building work was funded by CJ Laing the previous tenant5 and bv the owners of the building. carried out the work plus many hours of volunteering from board members and Fundln The charity secured some other fundin8 to support the initial phases. In winter 2023 £10.750 was granted by the Commun¢ty Regeneration Fund to cover overheads while the shop and community space were not yet open and building improvements were taking place. This covered insurance, legal fees, rent and electricity between October 2023 and March 2024. Fundralslng events and activities have been run,, Easter scavenger hunt, bake sales, craft athvity days, Pawel's run, window art competition, facepainting and a raffle. Huge thanks to those who came along to support and to everyone who contributed. Partners Tenants The Post Office has remained a tenant during the transition phase and the buildingworks, Bloorn and Graze also became a tenant in 2023 uslng one the basement for storage. hland Climate Hub from the Highland Climate Hub arranged for a Community Learning Exchange vlslt froM￿￿n February 2024. runs Ullapool unpacked and was a great source of knowledge, experience and advice on di ensers, counters, Containers etc. As part of the Sustainable Spaces programme that took part in the Climate Hub awarded a £900 grant to purchase dispenser, scoops, bins and other accessories. Through the programme we created an Environmental Policy, appointed a Green Champion and were Si8nposted on to Business Energy 5cotlond for ongoing bullding energy advice. Concluslon By May 2024 the bulldin8 was close to completion, some publi¢ events were run before the shop was open to start to generate some community interest. Before the end of the year some changes were being made to the constitution in order to allow Ashley to take on the paid role of shop and hub manager whilst still remaining a board member and addre55inE any potential conflict of interest. It was a very busy year and I think everyone will agree that Èverything that wa5 achieved was beyond what they considered possible.