TAYSIDE INSTITUTE COMMUNITY CENTRE (SCIO) FINANCIAL STATEMENTS FOR THE YEAR TO 31st MARCH 2024 SCOThISH CHARITY NUMBER SC005452 (Closed January 31st 2024) AND SCOThISH CHARITABLE INCORPORATED ORGANISATION SC052651 TAYSIDE INSTITUTE COMMUNITY CENTRE ISCIOI FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2024 CONTENTS page Introduction Independent Examlner's Report Statement of Flnancial Actlvitlès (Merged accounts> Balance Sheet {Merged accounts) Income Detail Cost Detall Balance Sheet Detail Project Account Detail 8-10 Inter-Account Transfers 11-12 Notes 13-15 Accounts Summarised in Cash Terms 16 TAYSIDE INSTITUTE COMMUNITY CENTRE (SCIO) FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2024 Introduction Thp Tayside Institute Comrnunily Centre was built in 1923 by the Tayside Floorclolh Company to provide educalion, ex¢rcis• and enlèrtainmont for tha people of Nawburgh. It has been tha centre of Ihe community éver since. For more than 40 years it has been run as a charity and managed by voluntary commillee of trustees 8nd a handful of part time Staff, with some financial and mor81 Support from Fife Council. As a charlty registered in Scotland, the TICC was granted permlsslon by OSCR. the Office of Ihe Scottish Charity Regulator. in the Spring of 2023 to b8come a S¢otlish Charitable Incorporated Orgaiilsatlon (SCIOI. A new charlty number was granted and one of the requirements was lo obtain naw bank accounts. This and the setting up of online banking for those accounts proved to be a long and fnjstraling process. so that w8 were not r8ady to transfer the funds lo the new accounts unlll February 2024. At th8 same time we were in protracted negollatlon8 wllh the Council over Ihe lease of the bullding for the next 20 years. l am glad to report that compromise has been reached and we await the lormal document to sign. The inflation in wage, gas aThJ eleclrlcity cosls over Ih8 last iwo years, Ihe eflecl of the pand8mic on many of our prevlously regular cuslomers, and Ihe limilaions on the annual recurrlng gr8nt from Fife Councll have resulted in a declin8 in our funds. We were lucky lo have bullt up substantial reserves over the previous years. bul our financial projections in early 2023 were gloomy. Since then, gas and eleclrlclly ¢osts hav8 gone down and our Iruslees and staff havg been worf>73.DD 6233h) 27731.IK) 10?33.DD )2731 0.00 JDM.Ix> 0.00 o.oc* 0.00 3207.12 1411.32 •.00 2358.1 235e 00 I￿O•r•hIp1• SU￿•1 3204.1 3207.22 0.00 .00 0.00 0.00 112.10 120.00 1•7.JQ 133.20 133.20 ¢trC•f• Cbt*lin8 279. 27950 .00 0.00 •wlThv•l•rA 1ndb￿l11nits Frf• Councll IroMlrd• 10e46.76 .499.Q4 24tX. 3197.e4 J197.84 1064e 76 .498.04 2400 00 3197 e4 3197 81 4004 .1204.BJ 2QQ.QO o.ortr o.oo o.oo .00 .147.55 2000.00 Irug•4•lnLItrAryd•bt DINts Ir￿Ul￿1(d￿¥WV14￿D1NodebI iry 198.80 14$8.QD D.DD 10241.91 000 o.oo o.oo 0.00 2J34Y.40 2J347 4 rrn rth•r ACtI￿lY ltes Y￿rthQubf1O1 y￿rtha￿DI￿r4¢9lY1￿9bI Nrol w1￿1r￿are￿￿ryo1￿w 17D4.81 320 00 o.oo 2Q24.91 4t10.35 2320.40 ZJZO.4D 1353.94 21126 1263.44 0.00 15S71.5 65T.00 Z475,OQ 414S 4K.00 0.00 1•6.JO 169.QO )7&66 14.99 2499S.¥L7 .1282.rA7 249gs.yj -12￿ ryj 0.00 Ey15Morw baKqrK* o.oo J7S.16 14.99 192.CQ 28371.04 192. 27634.48 Sutrknt41 2475,00 4113. 151.•0 1263.44 ¢.VD .00 .00 0.00 o.oty 0.00 Ir¢omE TOTALINCO b4fjD2 11JDZ.9S 10M91 62￿.44 86813. TAYSIDE INSTITiJfE COMMUNITY CENTRE ISCIOI Aprll 1st 1023- March 31st 2024 poge 6 Apr11 1st 2022- March 31st 2023 MAIN ACCOUNTS IuDf*stwkted PMOJECT ACCOUNTS IAe5MrtEd3r+jdPy*￿ll1￿d1 MAIN PROJEcr ACCOUNT ACCDUNT 2023-2024 FINANCIAL STATEMENT.. TQTAL COST DEfAIL IOTrkinths OLO ACCOVNI 2rnDrfhsOLD ACCOVNI TrANsifioN 2 moThts SCIO ACCOVNT Iortlty￿hSQlD AUOUNT 12 months TOTAL 2 Mcftlha SC A￿DurIT Unra6lnCted Restricied COST CATEGORY Item Note 930.00 930.00 103.06 103.06 41.79 43.79 0.00 1076.85 1076.85 434 $8 434.S8 434.58 4341,58 subtoial Gv055 TiadlTrB Caterln8 252.00 o.oo 252.00 Z5Z.Lh) 168.96 168 06 IGB.96 168.96 5ublolJl Z52.00 I￿￿￿￿ent MwTr¥sement Cost5 p•ym•￿tl r*•tlnidlrertlytD ALiivityCosts Olfice & Admih eid phoiocDpler Pli01￿0￿1￿8 Insurance and Licences MDinleDance & O•anSDI Waoe5 Gas,ElecirlOty & Waltr fteni Fre depredrtlDn 71478.73 393.35 14630.97 14202.96 687.17 IOL393.38 86989.97 529.fi5 875L9.62 rttl•tloTrolfixed 1.40 109.80 1059.05 90.00 5S4&25 3782.69 2084.17 S866.86 ToT￿C0ST$ 74460.13 19J.35 14740.77 16061.01 777.37 los9￿63 90772.66 2613.82 93386.48 TAYSIDE INSTITUTE COMMUNITY CENTRE ISCIOI At Marrth 31st 2024 as 8CIO pa£e 7 Atjanuary aist 2024 as Charlty sao PAOJÉCT ACCOUNT SCIC* mA￿N ACCQUNT OLO MAIN OLD PROIEcr ACCOUNT ACCOUP4T MAIN ACCOUNT PRoiecT ACCOUNT 2023-24 FINANCIAL STATEMENT SCIO QLD ACCOiX4T5 TOTAL TOTAL Llnrestrlcted Restrlctedor dosl8naied fuvds ACOUNTS TOTAL Unrestricted fte5trirted or des&8nètpd I￿n0$ BALANCE SHEET DETAIL Unrestrl(ted Restrkted or deslgnated fund5 Noies TANGIBIE Flxto ASSÉTS Nèi book value ai *rvJ of prh)i perknd Ten8nl'¥ Impwvtmeni8 Equipmwl & F￿￿sh￿9 24447.96 4265.01 ID882.44 3J330.40 3500.03 7T65.Q4 24447.96 4205.01 tD882.44 353JO.40 3S00.Q3 7765.04 Addllh Tenant'8 Improvement8 Eouipmqni & Furnlshnps Im) 220.00 12D7 00 0.00 604 00 3ZQ.OD 2111.0 320.00 758.00 320.00 1112.01 354.OD DispD¥als Tenanfs Improvements equlpmonl & Fwnlshno5 000 0.00 0.00 ooo 0.00 0.00 0.00 0.0 Translii&'. 0.00 .oD o.oc* 0.00 minuy Depreciation ¢hargB forth8 pedod Net book value -3591 20 26748.78 -1949.05 .SMD.2S 13237.42 JgYB6.20 .3441.4C* 26309.58 .1859.05 .5340.45 12877.42 92410.61 .00 CURRENT ASSE15 Deblors Pgtly lrnrmal IradlnBI p￿tY 1r•$lric￿ol Siock 8918.78 37.72 8916.78 o.¢JD 37.72 07.70 87.70 0.00 0.00 39221.61 6qo87.92 3SI.66 351.66 0.0 0.00 39B40.97 YO463.T8 730.56 000 0.00 0.00 41¥J.20 0.00 0.00 4810.76 7)0.51 .00 0.00 0.00 4155.10 0.00 0.00 4885,76 6017.03 32.2S 0.00 o.oo 167.66 o.oo YègYO.77 0gP76.48 375.60 375.88 O.DD 40482.09 766Jg.08 8T.QJ 32.2 o.oo 30037.71 0.00 0.00 36156.99 8Ar EqLJ816 Moneyeayd balart• rn￿￿5 urKleared cheque$lncludod hcosts Totsl Current Asstts 218q6.31 o.oo D.00 0.00 .00 J0822,81 mlnu5 CURRENT LIAwimES Cigdilots (du8 valhin on¢ yearl 0.00 0.00 o.oo 0.00 0.00 0.00 o.oo 0.00 NET CLIRAtNT ASSETS 30822,81 39840.07 7046J.78 1885.76 0.00 4B85.70 361J6.99 40482.09 78￿9.0& mlnus PAOVISIONS Re9¢rv•$ and p[DIrys￿n¥ lor PTvject3 .20000.00 .39840.97 .59640.97 0.00 O.OD .2￿0.00 40412.09 4N82.09 TOTAL ASSETS MINUS LIABILITIES J7571.59 13237.42 51JB09.01 488J.7fj 4885.76 Funds lo be 1ran6f&￿Bd lo SLIO in April 42466.57 12B77.42 343. Valu*$ to SCIO on 1$¢ Fqbruary 2024 lesB £5,0fy0 trHDsltion bulfer left In Maln account excludes £100 Irtstsi Èadi drtouni Seni 10 opgn SCIO accounts ID Dec 20Z3 TAYSIDE INSTITUTE COMMUNITY CENTAE ISCIOI 2023-14 FINANCIAL STATEME￿[. DETAIL OF PROJEcf ACCOLINTIRESTRICTED or DESIGNATED FUNDS Thfr ProJÈct Aceotsnt Ig bgnk gccount whKh VAS yèt up ta hOM1￿￿8 been 9ranted. fund.Iqlèed or allocaièd lor spécffic proj*et$ lutKJ5 May hBve cotnp frryn Frfe Councll. fioni Dttier qf8ni provlders. Irom Indlviduai donor5. Irorn lundra1￿r0 evenisor Irom Main ACC￿￿1 reseryes S Such. Ihp.sp. fiJthl* np.pdtd lo bp rlw-fe￿ed and onty lor tr*ir Intond&d spécrfic purpose Vvithin PTDiEcI A¢Gouni. spedfic book*ee￿ng ha# been maht•inod f¢r each wojecL PROJECTOEYCRIPTION8 The Food Bank wa5 8el up Ina separate bulkllno in th¢ Qfaidon of lkne TICC. bLI hBS been brough1 Inio1he mAln bulklno and has r8eefve(J orants In Ditrrc*a58 lond and dnmostlp kuppllos 11 fun8 on Mondiy mOrr￿nge fhursdBy attemoons and 1$ veryN%tll usod. Thedamand has 51*￿1￿ rt Was broughl In lo the TICC A relrig•rgior and $ Ireg¥r Idonaieél hsv• been 4dded In Iho 08rty 8iag•s food 3upplies ¥￿re toWlby $18ff or ￿lUnteerS UB￿ Ihelr o¥*Tr funds or Cash Ir(m Ihg accounl. The Equals •Aonty ¢atd Is a o[pp8￿ dtsbrt card In & ¥epoFaie b￿k g¢£OuTrl allovJS prtrsel Ilniiied Week￿ eKpÈnd*uré on-lino or pl poinl olso￿ 11 oblainod lo lacihlBle purchasBs ol •uppli¢> 10¢ lh* fwdbank by OUT vduiileer Vvmliam Slinpson ¥￿t￿Out dnv fin&nckdl Involvgrneni on hls Phrt othèr UB8 DI Ibe card. The expendit￿ lknii¥ ale 9el by the T￿o5￿re1 an¢ all IranS£cl￿n5 318 vi$ibLg 10 lh¥ Treasurer. N wothed ￿1 lor smtsll I(￿￿1 piirchngd ¥*B veie pulhonsed lo UB• tho Eolor fund lo pHy for11. Busln•B# D•¥eloprn•Tht.. ￿r￿g 2020 A Fil* CMcil 8u6inoBB O•v¢lfjprn•nt want 01£25,(th to auppor Ihel ieco¥ery of the trw¥ln¢3aBner ¢ovKI. Al the Ilme ¢TrJr M*n s¢rvE3 weTE adDouate and £20.000 ol th13 W83 placed In ItE Fun¢. In v*wol Ihe financlal o￿lI00k in 202&24 the £20k wg5 separaleo 8nd re-deskJnai8d undèi ils Otioinèl tiue Some 01 IIMg rMn4y h#s hRen Iranslerrèd i￿0 Ihp Mpin Account lemporanty io aci aB a bullgr during Ihe lrnnBlI)n lo SCIO. ond the SCIO project accouni 10 open it 11 y intendwj lh￿1 Ihcso Irgnalors y￿11 be prior lo year end, gnd *>me bo $peni on devèbplry the bu$ne35. bul Ihe 8usine¥¥ De¥el¢wenl fund ￿11 be tshj mainly as a ReSe￿e In ol defdis P￿ie¢lEd in Ihp M•irt Account dtsrlnp 2024-25 Four piolect8 v*redormani durin¢ the perlDd and nu Incvmirys or Ou￿0￿93. The baanies in I￿tse accounts Srb. 84ck Gftfd•n £5J2 9?, IT projq¢t £450. sts11l￿1 tt524.77. Bike occass Path £1509.94. A arv￿10￿¢. wo1￿1 is Eu¥renlly ai Ihe pvblc consultsllm siagè and tnay allrdu twt may also use the Uack 63rdÈn and Biko AGcess lunds TAYSIDE INSTITUTE COMMUNITY CENTRE ISCIO) 2023-24 FINANCIAL STATEMENT CHARITY PROJEcfACCOUNT INCOME AND EXPENDITURE April 1st 2023 to January 31st 20Z4 DETAILED BY PROJECT PmJ&* Foud Bhnh Huts rhthb 5233.0) 3046.18 922.13 25w.r¥) lollur gus.DÈ¢l Stalrtlft 450.Cw) 39(￿. 0.11) Z524.77 TOTAL 56414.97 97Z2.23 •t31lJ123 Grnnts tetei¥ed ¥14 mlrt*CtsJnt Grants rec*l¥ed Olrea Fee> E06.57 2368.55 532.92 1508.94 In¢orn¢ 55[￿.(1) 219.25 219.25 Re*r￿tratOr bouRhtty tiuitee" **Not Ir¢￿1￿$•511mlltQdViU*£Aso0l FTo•ierrt¢d¥*d & i donjll -a64.￿ E35d*lNery th4ritr>MiSC. COStS .364,0) Ti•Mf•15to Mllh •¢¢•ufit K•1￿￿*m1£h1nQ b￿lhI thrtsuib maln account Food Jnd su?￿10$ bo4ht throuRh mJln ￿0￿nI MiltTr4ccouDt¢Jih wthdr4vi41lforfood￿vlM¢ l%JJt locaied Waieiiidadmihcosts main i¢COuOt I￿￿1*￿(•CDSf kn m¥ln•ccvunt loc4t•d opqr4tlryc05ts cl•lm¢d wln5t•T•ht M15ceMvne¢u5CQ515 Tran￿errIdto m•ln ￿oUnt•st•￿wTWV bull•1 -25.rN) -35.97 -25.(X) -42885 -391 .4riJ.c(J .2ZSO.2 ->250.20 -261.44 -3028.48 .63.( -262.44 .3028.48 43 Expend￿￿¢ -2119.95 .21A4 .53B,14 .230.Tr) -71n5 .300.00 -2750.98 -530. -J4W.C•J 252.cll .65. -18JZ 64 PWectJccouotlundslo¢cKh pu¢ 7.55 1)0.71 Tr•n51erslTom Miln AfcouTrt 922.23 -792.88 25th. -3091.57 55m.(X) -2311.17 .262.44 OLO -11458n6 ' 30Z&48 iranslerredtwk? hierrryandirinsleryedoncebKk TAYSIDE INSTITUTE COMMUNifrf CENTRE {SCIOI 2023-24 FINANCIAL STATEMENT pag0 10 SCIO PROJEcf ACCOUNT INCOME AND EXPENDIWRE February 1st- March 31st 2024 SUMMARISED BY PROJECT (u B*ckÉardei SLAUMARY SOO pv0P￿ ￿￿￿1￿1?￿(e￿￿￿JaryJtst I￿.00 Tr4n¥t•rs Irorn Old maITr￿o￿nt Tr4nsl¢rslmm Old Pmio¢1 TraTr5fqrEo Maln a[COunt￿n￿￿tforfOOd5UpI￿I@s 27.77 1233 É6 -341.46 2415.07 548. 86.97 88114 532.93 45D.QO 12748.W 14￿.{￿) 2524.77 .34t.46 159.S ￿￿t*￿Il￿r*o0d Èuppll•s 463.37 46117 *4¢wrrtB9￿¢• At Jlst 241&07 86.97 1041•4 21Q&11 11T4B ISW) 2SX77 15tr& 39221.81 375.66 -24. 351.66 Sponi InJanu*ry& Marth Ba*rrt• ￿mIrCh 31st Tot41 Foodbank costs l* F*bfuary & ltsrcfv Inrludlng $pondlng dtttoucl￿l￿g ir4rsf•r -1028.&3 4tr.37 P•ity c••h b•lanc¢at Ma¥¢h 31st 1&51 4AZ 47.77 67.70 TAYSIDE INSTITUTE COMMUNSTY CENTRE (SCIOI 2023.24 FINANaAL STATEMENT.. poge 11 Aprll Ist102Z- March 31st 1023 PROJECT Aprll 1st 2023- J•nu•ry 31st 2014 MAIN INTER-ACCOUNT TRANSFERS ￿coul1T$ PROjEcfACCOUNTS Ip+strtrted lynre$trided XOmont*s QLD ACCOUNY TOTAL ACCOUW ACCOUlff TOTAL IOrncffjlFAoLD 2 monthsSCIO ACCOLINT Unrèltrlcled Ro8trlct•d lund lund8 Intev I￿0Ynt tund5 1iansf•15 belor* February 1st 2mhth$5UD 12 month8 Accvuijr 2010412023 For foodbank supplles. see note 225.49 -225.49 i& 1.].. -5233 -90.5 5233 90.5 Il>m512fl23 IOJ0512Q23 1510512023 0511)6121123 Forfoodbank supplles. Forfoodbank 5upplie5 Forfoodbank supplles. Foodbank cash fioat. Foodbènk cash flolt Forfoodbank suppliès. ForHe•t Hub wa8e5 & idmln Dupllcate In error Irevéried below) Foodbank cash float. Karaoke m•¢hlne for Summer cornp Repayment ofSurnmer C•mp wi8e5 Repaymeni of Summer Camp wages Repaymerti ¢f SummLY Camp 8drnin costs Repayment oflnsurnn¢t premium for blke5 Repay m8teri81s fer Homework Club I'MASAH'I Repay for tubs for Heat Hub Transler bulfer fortr¥nsltlon p¢rlod Transfer oomlnal sum to open nev4 8¢couni 5ubtotJl Irom proftects account 33.05 -33.05 -134.34 134.34 200 .200 -24.72 .200 10.00 40.00 -10.00 -40.00 24.72 200 1729 i(K)o 254.33 0510912023 0510612023 0710612023 13106IZ023 2010612023 2010612023 1310712023 0710812023 1910812023 2Q11112C*23 2011112023 27111/2023 0411212023 3110112024 1411212023 140.00 10.00 3028.48 3028.48 200.00 25.00 440.00 iyo.00 270.20 -140.00 .10.00 -3028.48 .3028.48 .2W.00 -25.00 440.00 -1540.00 -270.20 .262.44 -35.97 -63.09 -1729 -10 -25¢,33 -1915.45 1915.45 * The supplit5 for the Foodbink were bouBht Initlally usln8 the maln account debit card at polnt of sale or to obiain a float lor cash PLYch15es. The main account w•5 compensated by transfers from the Foodbank fund In the Prelect Account. L•ter pur¢ha5e5 were rnode U￿nI elther a dedlcèted prepaid debit card I'Equals Mon￿> or persot)81 tredii cards and relmbJrsed direct from the foodb&nkfund In the prokct A¢COimt. 262.44 35.97 63.09 S(￿0.00 .sooo.00 .i(K).00 100.00 14486.Y 0.00 -14586.54 i(KJ.00 20106n023 1310612023 1010712023 2211112023 2211112023 1411212023 Mace Irant fDrThL￿sdéY Clth tfeat in Project Account Reversèl of duplic8te transfer (Heat hub costs) Place grant for SummErcaTnP in Project Alleount Hace'wami welcomne, yant in projettarcount Flacefoodbank Érant in Prolett attount Transfer nominal surn tD open new account sthtotal IroTr maln accounr Net Subtotal tojan 31st -800. -3D28.48 .5500.00 -2500.(Ktr -922.23 8(MJ.00 3028.48 55W.00 25(M).00 922.23 -loo.00 loo.00 -I2850.71 1635.83 1635.83 1735.83 i(M).00 100.00 12750.71 -1835.83 Net transfer total Mer8•d ttrt¥15 *tJ4nuary 31511024 IcrfJ.00 .1835.83 100. -1735.83 TAYSIDE INSTITUTE COMMUNITY CENTRE ISCIOI 2023-24 FINANCIAL STATEMENT: poge 12 Febrvary 1st 2024- Marth 31st 2024 MAIN Accouiirs PROJECT ACCOUNTS IriostrfrtÈd lunrestrlct•d OID ACCOUNT SCIOACCOU14T LXDACCQUNT SCIOACCOUNT INTER-ACCOUNT TRANSFERS TOTAL Inter accountfunds transfe￿ afteijanuar 31st 2024 0110212024 0110212024 2810212024 2810212024 1110312024 1910312024 2810312024 Transfer from old Main Alc to SCIO Alc Transferfrom old Project alc to SCIO Projert èccovnt5 Translerall but £S(MIOrfrom old to SCIQ main arcount Transfer all ￿t £5(M)O from old to sc￿ Prolett alc TranSferbalan￿ ol Foodbank grant Refund SCIO main account for foodbank payment Transfer final £5000 fv SCIO P¥ojett ècti)unt -2?.1)￿.nO 22,IMX>.(X) -28000.00 280DJ.00 -6.314.26 6,314.26 -6938.77 6938.77 27.77 -Yl.46 5000.00 o.oo o.oo -27.77 341.46 0.00 .s(M)o.00 Net transfertotsl MerEed totsls at March 315t IOZ4 Merged tota15 foi the year -28,314.26 313.69 2049.51 28,627.95 -39.938.77 -313.69 -2049.52 39,625.08 TAYSIDE INSTITUTE COMMUNITY(ENTRE Isaoi )23.Z4 FIM4NCIALSTATEMENr.' NOTISTOTHEA(￿UNlSF0R ThEIE•R TOJI AIAKH1024 PWJY stateM￿$h￿¢ beenyep¥ed uod¢rththiStOIitalcDJt￿￿WenIjC￿. Th¢TttManA(cwnl(olU￿nIVe5enIsth?Qpe[1trylclvYffj thiouih¥thl(hrnD5t DIther￿vIal$r1nsatt1￿$wep￿Octs$td.iunre$tr1Cted Funds1 The'ProjertAtt￿￿t.Sh￿*Sin¢0￿ta￿d*￿￿eXVPnd1iU1e￿ 5pEc¥k prdett5. IRtslrlctÉd ￿d0*s￿lI￿d F￿) Th￿F￿￿è￿k. HeatWVb￿dYOUth Clubsh￿*b￿lkn(1￿dtJ1n kh• PrtswAttrrt￿t ￿¢*dO￿lO￿t4 ihdr sepw4i¢lTornoUr￿￿rn￿l op8iil1￿cU5￿S.Tr￿ FO￿ 8￿k￿lhou6h5uppIIe￿ty pvwk dofftaikn)Thsd8uod& n(Avie4ulrP.% iddillwLJISLyplie51obeputchAStd. Nowev8r.the Hth*HthIr￿ yththC1￿bs￿￿￿ké11èIUÉrtt 5ft￿lI tashexp¢h*tui¢S son¢•tst¢ ¢Ovwih*s*haw*ty4¢hli4ts51w¢odlOlhèm4in account soth*t<4sh ¢4u bedTiwn. Exp￿lI￿r￿￿￿*t tsthoftheSef￿￿￿Sl￿rl[l￿1l￿jwn51rtC￿1pts. o￿lingth¢ve•r.8pPIQ¥thI￿Is re¢etyedliom 05CHtobeCrme•￿lls￿c￿al1ll￿è￿twpWalÈJ0rl￿K*liW)Tr1$C1cll. P4EwbAnkaivvDI5we￿[￿Eji1l. JUpplw5WErPn￿￿￿ tht¢Mdollransiilo4 0¢￿Tled￿F*b[U￿y tsl 1024. HowowÈf. ¢h*bohk'slihlrtJlityl ¢08k%EtlranJfefsoThoned4yi ind Ihe need￿￿((4￿m0￿•tt(hl￿tt whscho¥wroThihéswll(h d￿e.￿O￿l thit th*irtu￿ If•1￿11￿￿1$¢4M￿¢ted0vtrthtrÈth¥nI￿2￿￿Ih0IEhr hn￿l¥￿. Attorthndy.t￿u14v￿￿YwllC(?vn￿ShOwDU+￿Pir¥t4wIoIVè1l￿Uth ¢￿Illy•sPo51￿b￿. A ￿￿1202¥￿￿￿(h JIS¢ 1074 PRoJÈ¢fAU¢IMIIS I￿1￿￿cOUNT5 TOTAL ACCLurfr Fyoth FItswET Show An￿¥￿0￿5 Fre￿trI￿s[.¥￿u•I l¢hlymOuY Iroth Ch¢T1lyShDploiEJJiir •w¢rrt Sundry 537.yo NvA*uryhCh•riiy5hoplor H*lt Hub 450 220.0) 250.¢ 537.5 450.0 23523m 55th1fy) 950D) 15QOfy) 22498.QO o. Wlouih piyrn•ntilrrAm Ilnnyl 5213.00 FiF0Vd￿￿YArf1￿￿¥th $p•i*S l*Jnd r(* 33a73 33373.fAI yrpJo.00 5W)OD PrviKtk￿nI 467.00 30000 SQOO BlwoTeoi CTlrt r*ios Xmas hotchocd•t45 Chrtslma5 Fl 160.00 87.00 OT*4 l>lffl•sWlrOw¥ 691.C 1817.17 I￿0.5$ 2J58K 0.00 JZMIO 61IL.JI TAYSIDE INSTnifE COMMUNITY CENTRÉ ISaO} r*)TtS7OTHEACQYJI4TSFOR THEYEAN ro 3iMM¢M2o241(rrtrth￿ldI m9mb￿hlpS Fg¢slpr mom￿r5￿1p￿Tth Ta￿￿￿#1￿￿te￿￿re *115hedlD.¢thAkY201& sepMateFy. pugÉJ4 April 1$12013.MirthJlst2ts21 2022.23 FINANC14LsfATEMENr', TOTAL (rea A¢¢0 31¥t thu Ubl￿ry DOM ￿￿re 3t97.84 181 898 11 J197.64 -12B2.CrtJ -499.N 64 U71.44 fj75.ts) 20'.S 557. 492.uo .1284.83 3*5 É4 165.llo LyniTerTh Lots{F￿t￿jnd1} 73Q. J98 É793.2a 3595A4 U.OD JY2 Y￿th ￿￿h lutYerLyptedÈKpE￿5 TL*al nMlnaLuuntdtbton Ywlhck I￿3.50 I￿2.5D 7)OS6 356131 5535.49 ReversetemptI￿1erItrstI0 ISL OD) 14.99 l91 nAcwJnt pmv o.oo .uo Q.QD for*ood￿5 bHnkWI 3835 1%.30 234.65 234.65 TAYSIDE NSTITUTE COMMUNITYCEIITRE1saoi 15 NOTE5TOTHEACCOiXIT5FOR TIIEYEAHTOJI MARCM2rwit￿nWd 2022-23 FINANCIAL STATEMENT.. MIstèlar￿U£to￿ts ￿￿￿11￿0￿sco￿ts M•4f*AC(¢uriT5 COUNT CLU rcwmr Srt thkBr 50 1%30 402M8 341.4B &aDMr RBrrt Cxhl Ju IWOO 57JO Ba11ÈnÈs 20.90 45 15AO 4￿00 67A2 54281 52 19. 63 10X¥J 694 c￿￿t￿￿adHOUSV P•1ydwIM[und PL￿￿OIC O#wfOJnO izj l.J7439 341A6 ' b*fr•m prtsRrtat￿nt Depre¢Won￿￿￿￿Iht@d•t2Q%c11hQhQok¥Iue[￿£q￿p￿￿tatsdF￿T￿￿ffiFluS l0%pfthtrbookvAuer*TenaTht'5knpitywenl Apffi1112023-￿rth 1X51￿24 2022-23 FINANCIAL STATEM£MT'. TOTAL 12 TeD2Tht5 lfftpr9velTr￿t1 BulldwoDden round playweo PIoj&tAccou ts￿.nts Imwov¢m•*ts undor51a8*St*rc￿1éM￿aYaI 8W.fy) 320.00 £1,050CO £1.841 2891.(K) p1th9￿m)dI0a nl Iif. tt57.94 K4r¥okem￿￿ DeS￿￿Pt 449. 751.fAI 4.72 2111.CQ a5AIO 1281 IAYSIDE INSTITUTE COMMUP41TY CENTRE 2023-24 FINANCIAL STATEMENT: page 16 MAIN AND PROJECT ACCOUNTS SUMMARISED IN CASH TERMS Charity and SCIO Main a£cout%t5 dnd Chdrily diid 5LIO Pruiect ilCCUUllt5 are shown mer8ed. 2023-24 Receipts MAIN PRQIECT ACCOUNTS ACCOUNTS TOTAI 23.623 23.623 9,750 9,750 22,197 22.197 14,403 14.403 5.7S6 6.13S 7.169 7.169 495 495 83.392 83.771 REC Fili. Couiicil recurrin8 grant 9% Fife Councll recurring erant SpÈcial8rants 379 17% ourty Room Hire 12% Total (Bsh ret*lved 379 2PA Longterrn rentals Fundraisin& donatk)ns AIN PROJEcr ACCOUNTS ACCOUNTS TOTAL 55,016 1833 56 21,956 21,956 1,627 2.431 S,157 5,246 3,(Ya1 9.343 296 296 1,077 1,077 EXPENDITURE £ Staff waEes etc. Gas. electricity and water lrnprovements and new equipment Admin & other costs Maintenance & cleansng Attivity & catering costs FUndraI￿ng costs 2023-24 Expenditure 89 6252 staff wagesetc. Gas, elertri¢ity8nd water Totsl ¢ash spent 88,219 8,978 97.197 Impro¥ements and new equipmeftt 23% Admin & Other cost5 AIN PBOJEcr ACCOUNTS ACCOUNTS TOTAL 4.827 -8,598 -13,425 Mainten1n￿ & clean1￿& Gross margin Net transfers beknveen accounts Net surplus I Idefkltl ACt￿lty& (ateringcosts 2.050 -2.050 .2.777 -10,648 -13.426 TAYSIDE INSTITUTE COMMUNITY CENTRE (SCIO) FINANCIAL STATEMENTS FOR THE YEAR TO 31st MARCH 2024 SCOThISH CHARIT( NUMBER SC005452 (Closed January 31st 2024) AND scorrisH CHARITABLE INCORPORATED ORGANISATION SC052651 TAYSIDE INSTITUTE COMMUNITY CENTRE ISCIOI FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2024 CONTENTS page Introduction Independent Examiner's Report Statement of Financial Activities (Merged accounts) Balance Sheet (Merged accounts) Income Detail Cost Detail Balance Sheet Detail Project A¢¢ount Detail 8-10 Inter-Account Transfers 11-12 Notes 73-15 Accounts Summarised in Cash Terms 16 TAYSIDE INSTITUTE COMMUNITY CENTRE {SCIO) FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2024 Introduction The Tayside Inslilule Community Centre was built in 1923 by the Tayside Floorcloth Company lo provide education, exercise and entertainment for the people of Newburgh. 11 has been the centre of the community ever since For more than 40 years il has been run as a charity and managed by a volunlary committee of trustees and a handful of part lim8 Staff. wilh some financial and moral support from Frfe Council. As a charity registered in Scolland, the TICC was granted pennission by OSCR. the Office of the Scottish Charity Regulator. in the Spring of 2023 10 become a Scottish Charitable Incorporated Organisalion ISCIOI. A new charity number was granted and one of the requirements was to obtain new bank accounts. This and the setting up of online banking for those accounts proved to be a long and frustrating process. so that we were not ready lo transfer the funds lo the new accounts until February 2024. Al the same time we wère in protracted negotiations with the Council over the lease of the building for the next 20 years. l am glad to report that compromise has beèn reached and we await the formal document lo sign. The inflation in wage, gas and electricity costs over the last hvo yeats. the effecl of the pandemic on many of our previously regular customers, and the limitaions on the annual recurring grant from File Council have re5ulled in a decline in our funds We were lucky to have built up substantial reserves over the previous years. but our financial proieclions In early 2023 were gloomy. Since then, gas and eleclncily costs have gone down and our Iruslees and staff have been working extra hard. for no increase in pay. lo create new fundraising events. As you will see in the detail lo the Project accounts, we have also taken Ihe Foodbank in-house and have been working wilh the Council lo set up new child care activity sessions. As a result, our financial outlook is somewhat belter. but our Main account reserves are slill projected to be used up by the end of ihe year. With the transilion lo being a SCIO in February. the charity and SCIO accounls are presented as 'Merged' on the summary pages, and the detail pages separate the two sets of accounts. Although £5,000 was left in each of the charity accounts temporarily as a buffer against delayed payments. only a few transactions occurred after January 31st. which are shown under .2 months Old account Iransition,. These accounts are presented in a standard fomial. and as such they are as dry as dust to any but a professional accountant. They are also more complicated Ihan usual due lo the transition to SCIO and due to there being more discrete projecl incomes and expenditures. The last page simplifies them graphically in lolal cash lerms for the year. Treasurer Apnl 2024 TAY51DE INSTITUTE COMMUNITY CENTRE ISCIO) 2023-24 ANNUAL ACCOUNTS FOR THE YEAR TO MARCH 31st, 2024 Pa8e 2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TAYSIDE INSTITUTE COMMUNITY CEKfRE ISCIO) The chariws Iruslees are responsible the preparation of tho accwnls in accordance wlh Ihe lerms of the Charities arKI Trustee Investment (Scollandl Act 2005 and Ihe Charities Accounts (Scotlandl Reguialk)ns. My examination is carned out in accordance wilh Regulation 11 of the charit￿ ACC￿n(S Iscollandl Regulat￿n$ 2C#X. An examination irn¢ludes a review of Ihe ccounling record5 kept by Ihe charity and ex￿ana1￿)n5 obtained from Iruslees any unusual ilems therein. In Ihe course of my examinat￿nS no matter has come to my attenlion which gives me wsonable Cause lo believe thal In any material rgspecls the requirements lo keep accounting records in accordance wlh Section 44(11 of the 2005 Act arKJ Regulation 4 01 the 2rJ)6 Accounts Regulat￿n5 have not been mel. n mv nnininn thp Arrni Intg hppn nrpnAr In &cordance wlh the recortjs maintaiwl an(1 ￿mplY wlh RegulalM)n 8 of the 2006 Accounls Regulalions. TAYSIDE INSTITUTE COMMUNtrY CEPrnIE ISCIOI 2023-24 FINANCIAL STATEMEfrir CURRENf PERIOD April 1st 2023- March 315t 2024 pItOJECT ACCtyJVnS Ac£c¥Jrns PREVIOUS PERIOD April 1st 2022 March 31st 2023 MerEEd aLIOunt4 Includits8 10 thonthstoJ•rNwY315t2024 Js¢h•rrtY $452 MAJNACCthN4OJECT ACCIYJNT STATEMENT OF FINANCIAL AcnviTIES 2023-24 Vnrestricted lufid5 TOTALfunds INCOME 7$8 Le83Cies Grants Int¢wnefrom Fundtaiyn8hniWt￿5 Gr￿StrAdin$ Intome Incornefrorn In¥e5tmeDts Rent5 Irotn Land 8 Buil4in8S Gross retÈiptsfrom OtherCfvarrtab￿Att￿tiP$ Pro(eedsfrom Sale of Filed Assets Proceedsfiom sa￿ of Investh*nts Inlanwble Iniome 33J73 JU73 27T31 32n1 2358 6411 493 23347 133 7$$ 26371 TOTAi I￿5 6263 86813 E*penses Irom Fundra1%ngAct￿t GTossTradingC0515 InvtsttTrEnt M4na8efflent C05t5 Costs of ChatitableAttiwties Grantsand DonatiOn5 Govemance Costs Purchase of In¥e5tments PavtnenT5 ioTruMee5 DÈpie¢iation 10T1 25Z 169 864Z4 240 3591 3783 TOTAL )773 2614 93387 NET INCC*+lVIC05n -3109 -18744 -10123 3650 573 Net Ttandtrs between •¢¢ount5 1915 SURPLUSI{DE￿crn FOR THE .1059 .18744 -12138 5565 -6573 Total fundsat ernd of prebious penod Change pn Re5erwesand PrO￿￿On$ 3JS17 14J12 47 15667 51322 TOTAL FUNOSATEND OF THIS PERIOO 41457 lJlJ7 14382 478 TAYSIDE INSTITUTE COMMUNITY CENTRE (SCIO) 2023-2024 FINANCIAL STATEMENT: PO9e 4 BALANCE SHEET Merged accoun15 Including 10 months to January 31st 2024 as charlty SCCQS452 CURRENT PERIOD At March 31st 2024 PROJEcr PREVIOUS PERIOD At March 31st 2023 PROIECT ACCOUNT MAIN MAIN ACCOUNTS ACCOUNTS ACCOUNT Restflcted and Unrestrlcted fund deslgnated funds TOTAL funds Unrestricted fund Restricted funds TOTAL funds TANGIBLE FIXED ASSETS Net book value at March 31st 26749 13237 39986 28713 14382 43095 CURRENT ASSETS 35709 39641 7S350 34804 56415 91218 minus CURRENT LIABILITIES -235 -23S NET CURRENT ASSETS 35709 39841 75350 34804 56180 984 minu5 RESERVES & PROVISIONS -20000 .39641 -59641 -56180 -86180 TOTAL NET ASSETS 42457.55 13237.42 55694.77 33517 14382 47899 TAYSIDE INSTITUTE COMMUNITY CENTRE ISOOI Awll 1st 1023- March 31st 2024 PROJEcf ACIOUNTS ogqe 5 April 15r 2022- March 31st 2023 MAIII Accoufns lunr•5trktedl (Resttirttdand desiinatedl IOmoftth% OLDCHARfTr 2Th•$00 AtCOUNr A((WVt K4AIN All a¢¢ounts PROJECT ACCOUNT TOTAL 2023-2024 FINANCIAL STATEMENT.. ACCOUNT IMCOIIE OEIAJL OLDCHAR COUNT tOUMr I monthssc TwisITh)11 A(COVPIT 12 months TOTAL Ro5tncted 8 ￿B￿gnatsd INCOME CATEGORY Nott 537.50 220 DO 1207. 0.00 Leiac Fife 23623 00 23623.00 22498 22498 ( giarnsfrtyn HMRC 0fvgrBrts •750.OD 33373.00 1750 00 33373.DO S2￿ 27T31 LI) lo2￿ (￿j 731 fm) Hetdptsfmm Artfvif*5 3204 10 3207.22 0411.32 O.DO 6411 32 J204 10 0.00 3207 22 0.00 2358 CW) 235B 1Q.60 120 00 1¥7.30 479.90 13320 13320 Cty Cate 85DO 3500 1a2 80 3.DO 279 492 70 279 50 492 70 o.oo R*nts1V￿ •nd ￿lkI1￿￿ Fife 5070.11 -1281.83 iOS34.99 -167.55 240Q.00 0.00 3S•S.44 1468 00 10646 76 04 10816 76 499 04 2￿¢ J197 84 3197 84 4404 (N) ItLTea5e Ildecreas8linth If) 20D 00 24W 3197 84 3197 84 Lilwaryicaretakiry ser￿1￿8) Itu8a5e In LItKary debl DINO 198 80 3396 64 0.00 0.00 3596 64 I¢d￿re&s8)InDINO￿¢tyt 10248.90 39DS.28 o.oo 171JO.•a 23347 40 23347 40 Gffjss retilpisfromother Ath￿￿ feos Club fegs Y¢xth Qub I￿r$I￿ac￿l￿8trrf 1704.91 3$41.20 320 2024.91 4110.JS 2310 40 232D 40 190.OQ 21•.25 1S•.9D 126344 1353 91 15576.50 6S7.00 2475.00 4145.00 22196.50 165.00 24￿ -1282 S) -1282.00 Hire irAy•a￿(de¢1È8SÉj In Eouals card In 49200 375 66 37566 14. 21494.60 192 LN) 26371 04 192 LK) 276Y d8 Sutrlotal 2475.00 4163.00 594.91 159 90 2BB07 41 126344 Pw¢eeds of Inv•5trMnlJ Imawble INorne 0.00 0.00 0.00 TOTAL INCOME ¢9221. 6160.28 11302 96 1014.91 159 Bg19).01 805W 14 6263 44 e6813 TAYSIDE INSTMJTE COMMUNrfY CENTRE ISCIOI Aprfl 1s12023- March 31st 2024 Ptsge 6 April 1st 2022- Mèrth 315t 2023 ACCOUNTS uhr PROIEcf A¢elJJNT5 lfteslrkted•ndde*Datedl All ￿count5 MAI PROIEcr ACCOUNT ACCOUNT 2023-2024 FINANCIAL STATEMENT.. TOTAL COST DETAIL 10 monttro 2rnothQLD 2tTh)rtth5 OLD ACCOUNT SCIO ACCOUNT TAANSIIION ACCOUNT Attautrn 12 monlhB TOT￿1 ttou Unre5kncted Rest)Xièd COST CATEGORY itern Note Exphse5 Iyr FunOrjl￿n&*1IVft￿S 930.fyj 930.C4J 103.06 103.06 43.79 43.79 L076.8S 1076.8S 434 SÈ 434 5A 434.58 444.58 GrDSS Yr¥dini PJyrnent5 Caierin8 2S2. 2S2.C4J 252. 252.00 168 96 168.96 168.% 168.9S Investment M•nayrneM Costs Payment5 relitlnidlvectlyto charit#blÈ ¥rtivitie5 AdivityCo515 Office & Admin e¥cl photocopier phot￿00¥1￿6 43.75 278.21 6029.32 687.37 6760.44 1260.71 Z35.86 IZll.S9 9342.67 98Z.49 Z35.86 1013.59 277Z.03 4685Z.93 165OZ.44 94S.28 31S.25 1161.25 3596.74 945.28 31S.25 1161.25 3W)1.74 57482.Y 21394.96 i(K). 159.(Kl 292.65 8018.67 S4S3.43 Idainienanie & Cleanin8 Wages Ga5.Ele(rri(ity & Water Rent 25.99 144.31 625z.ctr) 183Z.61 209. 56848.55 57482 94 21955.87 21394.96 Food lor HÈèt Hub 365.26 189.94 365.26 189.Y 134.65 432.81 86424.08 234.65 her M15(ellaneouS % sundry 1074.39 69533.73 341.46 14S87.18 89. 14202.96 1S84.84 99301.53 342 81 85894.43 ZX).29 687.37 529.65 Grant5and donaiknn5 ￿latin$ Retiremenr 81ft5 lor 2 employees to charirible actfvtt*s 240.thj 240.thj 140. 240. Go¥ernance costs 523. 523.th) 492. 492.CA) Legal tosts OAM) 492.IM) 523.fyj S23.00 492.C PurthasÈ ol Inve5¢men¢5 P•ymÈhts to tVU5teES Co5t*bEfDre depreciatlon 71478.n 393.35 14630.97 14202.96 687.37 IOL39J.38 86989.97 529.65 87519.62 Dtsprtriation of fixed assets 3481.40 109.80 18S9.05 SS40.25 3782.69 2084.17 5866.86 TOTALC05TS 74960.15 393.35 14740.77 16062.01 777.37 106933.63 90772 66 261382 93386 48 TAYSIDE INSTITUTE COMMUNITY CENTRE ISCIOI Al Alar¢h 31st 2024 as SCIO ptye7 At JanLbiry 31st 2024 as Charlty scio PROJE ACCOUNT SCIO MAIN ACCOUNT OLD MAIN OLD PROJECT ACCOUNT ACCOUNT MAIP4 PROJECT ACCOVNT 2023-24 FINANCIAL STATEMENT scio ACOLINTS TOTAL OLD ACCOUNTS TOTAL ACCOLINT TOTAL Llr+restrlcted Re5trirted or deslin•ted fvnds Llr+restrlcted Restricted or de5iÉnated funds Unrestrlcted Restritted or deslgnated nds BALANCE SHEET D￿AlL Notes TAI•GIBLE FIXEO ASSETS Nei b)ok valutr ai eNJ of pnor period Tenanl's Impro¥emeNs Equipmeni & Fwnishings 24447 4265 01 108B2 44 35330.40 003 7765.04 24447.96 4265.01 10U7.44 35330.40 3500.03 7705.04 Additions Tenani's Imorovements Efjuipment S Fvmishing$ Im) 320 (M) 1307.(K) 320.00 2111.00 320.00 758.00 0.00 354.00 J20.00 1112.00 804 00 SW)saL T$n8ni'$ IMp￿¥8m6nts Equipmeni & Fumishings 0.00 0.00 Tr8nslers 0.00 0.00 minus DepreciaivJn charge lor the penod Net book ¥èlue -3591 20 26748.78 -1949 05 .5540.25 13237.42 39986.20 .3481.4 26309.58 .1859.05 .5340.45 12877.42 92410.61 CLIRftENT ASSEIS Debtors Pelly Cash lTr)mial irndirol Petty Cash Ire$iriciedl StKk Bank Equals Money ¢ard balarte minus unclearod ¢heque5 Included in costs Totsi Current A55et5 8918.78 37.72 8918.78 37.72 67.70 0.00 73Q.56 73ri. 87.03 32.25 0.00 0.00 167.66 6087.03 32.2S 167.66 67.70 21860.31 39221.61 61087.92 351.66 3S1.66 0.00 39640.97 71>463.78 4155.20 4155.20 30037.71 0.00 0.00 J6156.99 39938.77 69976.48 . 375.66 375.66 0.00 404B2.09 70639.08 0.00 4885.76 0.00 0.00 4885.76 30822.81 mlnus CURRENT LIABILinES Creditor5 Idw ¥%ithin w ￿ar} 0.00 IIET CURRENT Asstrs 3082Z.81 39640.97 70463.78 4B85.76 4885.78 36156.99 40482.09 76639.08 ffllnu5 PROVISIONS Res8rves and PTDVl5￿￿S for projects .20th).00 -39640.97 .S9640.97 .20000.00 40482.09 404B2.09 TOTAI ASSETS MINUS UABILtTIES 37571.59 13237.42 SOa09.01 4B85.76 0.00 Fund$ 10 b& transfe￿ed lo SCIO In Apnl 4885.76 42466.57 12877.42 55343.99 Valués traTr51erred to SCIO OTr 1st February 2024 less E5,000 translu bulfer left In Maln account excludes f 100 Irom each account sent lo open SCIO accounts In Dec 2023 TAYSIDE INSTITUTE COMMUNITY CENTRE ISCIOI 2023-24 FINANCIAL STATEMENT.. DETAIL OF PROJECT ACCOUNT IRESTRICTEO or DESIGNATED FUNOSI The Project Acc04Jni is a 58paTale bank arLounl *ttich ¥Yd5 sei up io h￿d luThls had been ￿arned. luThJ.r8ised or alkncaied for specift wojecis The fwds may have come from Frfe Covncil from 01￿1 giani pwvRJers. IfvJivYYual &Jr￿lS. frorn events or Iroffl ma￿ Acco￿1 ￿￿e￿es. As such. these funds needed lo ￿ ring-lenced and used onty Ioi i￿lf Inlended spe¢rf¢ purpose Within the Proieci A¢¢ouni book-kee￿￿9 has been tnainlained for each prweGI. PROJECT DESCRIPTIONS The F¢￿￿ was sel uo in ¥ separ81e buildirvJ In ihB garden DI TICC, bul ha5 beeD brought Into the maifi building and has received granls lo purchase food and dOn￿511C SUP￿￿. 11 wns on Monday mornings antt Thursday afternoons and Is Very WEII used The demand has IfueAsed S1@adi￿ SI￿ rt was bmvghl In 10 ts TI¢C A relngeraiN and a freè2èr Idonsiedl have been Sdded In ttr* e￿Y st¥ytr$ food tsuppl*$ **rt bought by slaff or Yo1￿teerS usir¥J Ih2K ovm luTh45 or rAsh from the 8c¢wnl The Equals M¢)n•y ¢8rd 1$ 8 pFep8i1 debil carl in 8 sep?rate bank ¥ccouni ¥kni¢Th al￿￿￿ pre-sei Iirnrfed ¥*kty exp2ndilure on-line oral p￿nI ol 11 wds obiairth 10 laciliiaie purth8ses of Supplies lor the Focrt1bank by Our wolunleer ¥Vill•m Sthpgon ¥￿th￿ Anv hn8ntKql InvolvttnErt on his pBrt ¢lhoT ihwn use of the Gard. Tfvo Bxpondilute Iimil$ are sei by Ihe T￿o$v￿r and and all Irar￿￿t￿n5 arE VIsib￿ lo Ihe Treasurvt 11 ￿rk￿l ￿11 101 Small k)cal ruii'.IIASPs or l?r la'qvr Jnlifle Di f" ia£p.q for delNery from maior supemarke15 HOV￿¥e1. a5 transport is n2eded lo FBach budget SUPErmarkets. the lorA buwng vas iaken over by our tTrsiee￿ •I•I U*NJ thtrir o%w carfs and daimin9 re1m￿r$emeNS wth receipis The H••t Hub opeTaied duriry the CDlder trL)nlhs woviding 50up, bread. 188 8fKJ (xiffee Mas reeeNed grants lo cover al￿￿ted w&Jes. overhe8d5 8￿j expense5. Summer Camp and Hom&work Club I'NASAH'I.. Fdlowng Ihe lyosu￿ of the OINO oUt￿-s¢hO￿ dub we opvated a Summer Camp ts Children duriry the S¢hooI ￿k)aYs, run by youth rjub and ex-DINO slaff. ¥Nages ￿￿e administered by us and deducled from Ihe Frfè Council wgni or daim*l back from File Council The Homknvork Club was a 51ffl11ar aFrangernenl in leitn Iitne during two evening5 3 week. CLD Icomrnunity L2ammg & Developmenll Frfe Cowol morey f(Y 8dull *aming proj￿1$ 11 w85 used in 2023 to >Jpywxt an Cxd Foks Oubry o￿nISed by the Thvryday Club Y¢uth Clubs The Ycrtth Clubs used 10 Nqve a sepwaio bank acccwni ihey manayd Tr fuxls have been brouyht inlD the Pffjjecl Ar￿UnI c￿1[￿9.. This pr¢je¢i Initwitd by our CLD officef dirned lo Inlroduce mernber5 of the fmjblr and thetr f•mil*s tts the t¢nefit$ ol cyding. bui Slrte his ￿8$SvJnMent has been no acli¥ty The b￿Y¢l¢S 8re recoTdod 83 a fixed 85￿1 a[￿ ale kepl In slorage. arKI 30 mwt be insured The insur3r￿e wlicy suprAemenl lor the bcydes Is Iranslerred to Ihe main accouThl B•lltr r*￿•￿￿*￿1 A gr8ni ￿ E15 (M)0 %fdS rec*ryed the Councl in 2017-18 for repl?￿men1 ￿0bSO￿le boilets Recentty ￿ ol our 3 btrlers hs*e been shim down and a lull o¥ethAul IS to be undertaken an adverse report ofn$pe¢bon on our hard a seclY￿ detsTr￿ Inspeclwjn and repairs had lo be commi55KMed aryj wdre auihDrwJ I Use the Boilei lutKI lo pay lor It. B￿lTIt$% Developftxnt". t￿nn0 2020 • Frfe C4u{￿l Bu51ne5s De¥ebpment granl 01 £25.000 wd5 received to Supwr Ihel recovery of the busine5Sartei Co¥id. Al Ihe Iiffle oui Idain Accouni reserles *￿Te adequèle £?O.000 of Ihis was pigeed In tho BOi￿r Furnd In w•wof the finaThGHI outknok Ifi 202>24 the 120k separ312d aThl re4esignaied under 115 or@inal title Some ol Is money has been Irdnslerred Inlo the M3in Accouni iemporanty lo act as a buffer dunng Ihs IPWlion lo SCIQ. ar￿ InlD Ihe SCIO proJe¢i ac¢ouni to open Il 11 Is ifiiended Ih•i t￿se Iransfers wll be re¥er￿d pnor lo IhE ye8r end. 8nd WN 5penl on develorAW It￿ trAJsJness bul Ihe Busines5 Devebpmeni fuTrl *ill be hekl mainly as a Reserve In view ol con11fNJlry defKd5 projected in the Main Ar￿Unt d￿rg 2024-25 Four pi•ects *¢re dorm•ni dmng Ihtr periDd rw) Incomings Dr ou1g￿nIS The balarKe3 in IheGe accoun13 ale.. Back Gir￿￿ £532.92. IT projryd 1450 $1•1rffft £2524.77. 6ik• •¢¢M* path £1509 94 A ￿To￿on0' project 15 currenlty 41 the cOnsuhat￿n stsge and may amrath fUndIr￿ bul may *so use the Back Ga￿8￿ and Bthe A¢¢ess funds TAYSIDE INSTITUTE COMMUNITY CENTRE {SCIOI 2023-24 FINANCIAL STATEMENT CHARITY PROJE￿ ACCOUNT INCOME AND EXPENDITURE April 1st 2023 to January 31st 2024 DETAILED BY PROJEcr YrA TOTAi $6414 97 9722 23 S233LXTr 922 13 3046 28 2soir 656.57 1(63 94 2368.SS S32.92 490m s9￿. O.W 2S24.F7 1508.94 Grbnts r¥ewd vla Gr?nts rKewd directty Fee5 119.15 219.2S flelrbEer•iof bouzhl ￿ trulTte' "Not Includi￿estiM4ltdWlue£a500I .364.C T11￿1ft￿ lo M•1 araoke tnachine bou&hl thI￿1h rnoin ￿(￿n¢ {ood ahd lup￿1￿5 thro￿lb rnain a(c¢hunt Main •CCQuDi cash withOiaw411 lor lood￿Vin¢1￿1¢ -25.(0 -35 97 .2S.(X) -428.8S -392 88 .225OJ -1250 20 -263 44 -3028 48 .63 09 Al￿(￿￿ed Insur•nce cost In rn•inxcou .1028 48 ' 3.{• Miscellanews c05t5 TTan51erred to m•ln KCOurf45tefflpoiirybJll fNwhdttur* *oo&and twht st•Hoi tmste Pryi￿1 account lunds lor c•sh wrchbses .211995 .5￿ 14 .2aoc SJD(k) .14(X)N) 252.￿) .65.(D .18J2.64 .irn)c .co MiStell•neou5 t4sts Paid to Frtecouncil fDf 5E(uno*dvwthw0￿erS Tr4nsltried to Ety41i ¢•rd .)5.fy) .181164 .17[￿.f OtherTr•Mle Tianilèrwod to IICC KIO prolect IccouTrt Tr•niltr5 bttwetn .Ico SP26 12(1)66 .17 *) 2415 07 .2(0￿ 2ri 12F48 CQ 149CO.O) 2524 77 •l•Trce •t l•n JI 9657 532.92 450￿) 94 I￿1.7? Eqyi15Money trJnslerred to Equali tard FOod￿Trk Iwd wr .25. 440 1540 00 -440 CKJ .1540 (X) ' The supplie5 for the Foodbank were bought initially using the main ccouni debit card ai point of sale or to obtain a float for cash purchases. The main account was compensated by transfers from the Foodbank fund in the Project Account. Later purthasÈs were made using either a dedicated prepaid debit card I'Eouals Money'l or personal credit tèrds ènd reimbursed direct from Ihe Foodbank fund in the projert Arcount. 270.20 -270.20 262.44 -262.44 35.97 -35.97 63.09 .63.09 5000.00 -5000.00 .1￿.00 100.00 14486.54 -14586.54 loo.￿) 2010612023 1310612023 1010712023 2211112023 2211112Q23 1411212023 Place 8rant for Thursday Club treat in Project Account ftever5al of duplicate transfer IHeat hub costs) Place grant for Surnrner camp in Project Account Place'warrn welcornne. 8rènt In project èctount place foodbank grant in Project accovnl Transfer norninal surn to open new account .800.00 -3028.48 -5500.00 .25(X).00 -922.23 -100.rKJ 3028.48 5500.(M) 2500.00 922.23 Iry).rJ) subtoial from main account Net Subtotal to Jan 315t -12850.71 1635 83 1635.83 I(KI.LK) 100.00 ltsJ.(KJ 12750.71 -1835.83 -18aS.8a 100.00 l(N). Net tran51er totsl Merged tota15 at January 315t 2024 1735.83 -1?35.83 TAYSIDE INSTITUTE COMMUNITY CENTRE ISCIOI 2023-24 FINANCIAL STATEMENT.. poge 12 Febrvary 1st 2024- March 31st 2024 MAIN ACCOUNTS PR J£QT. ACCOUNT uTrrestricted INTER-ACCOUNTTRANSFERS TOTAL inddesliwted Intel account tunds transfeis after Janua 31st 2024 OLD Accouf4T SCIO ACCOUNT OtD ACCOUF4T SC￿ ￿couNT 0110212024 0110212024 281D212024 2810212024 1110312024 1910312024 2810312024 Transfer from old Main A/C to SCIO AIC Transfer from old Pfoiect alc to SCIO Project accounts Transfer all but £5000 tfrom old to SCIO main account Transfer all but £5000 from old to SCIO Project alc Tran51er balance of Foodbank grani Relund SCIO main arcount lor loodblnk payment Transler firial É5Crt)O to SCIO Project account -??.IMXI IX> .28000.ts) 28000.00 ..114 h..114 2h -6938.77 6938.77 27.77 -341.46 .27.77 341.46 .srth.C#) Net Iransfer totsl Mer8ed totals at Mafch 31st 2014 Merged totals lor the year -28.314 26 313.69 2049.52 28.627.95 .39.938.77 -313.69 -2049.52 39.625.08 888088 88888 88 TAY51DE INSTITUTE COMMUNITY CE14TRE IKIOI poge 14 orÉsroTHE A(CWPIWS FOR T￿E YEAf¢TO 31 l¢ty*bwdl 2022.23 FINAt4CL4L ST4TEMENT'. Lkn 3J97 54 319?. .1282. 499 01 657 183ry) 165 rxi -16P 55 3$9> Lory Lt15 IFrfeCp L*T Yoyth CIL* Frf*CertWol(Hcffje￿ [IdJcttktsl is39 .1284SI 3X64 g li 679321 ¢ttylOrS 4168 59 1471 1912 J94R SQ 1942 50 fth7.03 1973m 7J136 8918 3￿.37 55J5 JY er5e temoTransf•t ta SC io L$2ty1 14¥J 192. Ilomiftalttrrtlty wen*iSf5Lthkneayeernent wrth frlecwvil. y1wd￿5 31J5 196 30 234 65 2J4.65 TAYSIDE INSnTUTE COMMUNITY CENTRE ISOOI eis NOTESTO THE A¢COVMTSFOgTHE VLAITOJI kllA0I1014lthit*A41 V22-IJ fvINANLIAL SIAIEMÈNI.. 22.2 Mbc 1st1￿ M*thJlStiW4 nt 341 46 Icoc t9rLI io Equ•L% W*yc¥al D*lwy Trf 211 1.174 39 341.46 X*202> htsrchj￿1￿4 2021-23 FINANCIAL STATEMENT". TDTaL Under51ag*5L¥ica￿iQmtr¥ 2891 ( 32¥ 8.L¥J 2$ T•J Ft¢*t*r Ert O•sktwPC iiii Ists) TAYSIDE INSTITUTE COMMUNITI CENTRE 2023-24 FINANCIAL STATEMEhtT". page 16 MAIN AND PROJEcf ACCOUNTS SUMMARISED IN CASH TERMS Charity and SCIO Main accounts and Charity and SCIO Project accounts are shown mer8ed. 2023-24 Receipts MAIN PROJECT ACCOUNTS ACCOUNTS TOTAL 23.623 23,623 9.750 9,750 22.197 22,197 14.403 14A03 5.756 6,135 7.169 1.169 49S 495 83.771 RECEIPTS £ Fife Council ￿CUrrtng grant Special 8rants Hourly Room Hlfe Lon8 term rentals Activities. Fundraisin& donatiorts Trading etc. Toial cash re(elTnd Flle Ctyjneii rteurrtrti want 7X •5p¢dJlar4nts 379 17% Houfly Roorn Hlre 12% 83.392 579 27% •Loni¢ttm rtrtils Fu￿rI1*n￿ doMib MAIN PflOIECT ACCOUNFS ACCOUNfs TOTAL 55,016 1833 56,849 21.9S8 21,956 1,627 2.431 5.1S7 5346 3.091 9,343 296 IA177 EXPENDITURE £ Staff wages etc. Gas, electricity arid water Improvements and new equipment Admin & other tosts Maintenance & cleaning Acti¥ity & caterin8 Costs Fundraffdiw w8ts 2023-24 Expenditure 804 89 6252 lox •St•fl w•8es otc. 1.077 5X Tot•1 ush ent 88,219 8,978 97.197 Imptob*mwts ryulprnenl 13% 58% •￿Min & othw co#s MA114 PHOJECT ACCOUNTS ACCOUNT5 TOTAL -4,827 -8,598 -13,425 Malntenance&cleanlr Gross mar8in Net translers between accounts Net Surplus I Ideficltl Actl¥ity&uterfnicc*s 2,050 .2.050 .2.777 -10.648 -13,426 Tayside Institute Community Centre Annual Report 2023- 2024 Chairperson's Report This pasl year has been another one of great change for the TICC At the end of January. we converted to a Scottish Charitable Incorporated Organisation ISCIOI, which involved a great deal of extra administration from our staff and voluntary committee, in particular, our Treasurer. We have introduced a computerised accounting system. XERO. which Is designed to reduce staff hours required for wages calculations and regular tracking of daily transactions etc. Our revered treasurer has decided it is time to retire and whilsl we acknowledge he is irreplaceable, our introduction of the XERO system is probably as close as we are going to gel in compensation for the treasurer's departure. We now have a member of staff whose specific purpose is to promote activity within the centre and source external funding however this search for external funding is being gravely restricted by the fact that we were obliged by Fife Council to transfer the organisation to a SCIO status to enable the establishment of a new lease. The new lease is still with Fife Council Legal Dept. awaiting alteration to incorporate previously agreed terms and is therefor not yet available to TICC for confirmation and signature which is provi ng to be an obstacle when applying for external funding in two respects. 11 Funders want to see that we are in possession of è long-term lease (which we are not). 21 The conversion to a SCIO which we were driven to by promises of a lease and funding opportunities has proved to be another obstocle as funders want to see results of two years operation which we do not have as the SCIO is a new entity and there is no interest in our previous operations. It will therefore be necessary that File Council compensate the centre financially to enable the continued provision of seNices despite the shortfalls in tunding ability that is resultant from the driven change in structure. TICC ability to provide seNices is subject to". Council Grants Public Usage Fife Council honouring sub-let agreements that have been in existence for many years. Availability ot suitable staff Access to external fund ing. Affordable utility costs. Suitable members of the public with diverse and applicable skills being prepared to work as a management committee. A workable maintenance regime being available from Fife Council that recognises the voluntary status of the management committee and recognises the degree ol social service the TICC provides at a fraction of the cost that would face Fife Council if they required to take the services in-house. We have had the advantage of some exceptional hires by NHS which are going to be repeated in the Autumn however that alone is not enough to sustain the TICC in it's present form. If anyone has ideas about boosting the usage ofthe centre then please either speak to staff, speak to a committee member or better stillturn upas a committee member. There are some exceptionally diff icult times ahead that we need to unite as a communityto overcome. TREASURER'S REPORT FOR THE FINANCIAL YEAR 2023 -24 'I'l)L "lai'NidL' In%lilulL' Ci)mmunil%' C¢nlrL 1% as buili in 19?.3 bi Ilie 'fai'side F loorLloih Conipan!. io priii'iLle L(IIiLdlii?n. L'xLrcisL' cind enlL rtainn)inl flir thL PL'ople IifxLl4'bur¥h. It li¢1% heL'n IhL' LL'nlrL' Ill- IliL Ll)mmuniti' eler %inLe. l.or mi)re ihan 4(1 i ea￿ li has Ik"L'n run as charili. and nianaLied bN' a Troliinl4lr!' coi)IiniltLL Ot- Iru5lLL5 and a handliil ol pafl iiniL %lalT. li Iih s1)mL fii)anL ial and n)i)ral %upp()rt frDTn fife C'ouncil. pl% £7 charil!. registcrcd in Scotland. thc I'ICC il'as granlLd perniission b!. OSC R. IhL OIYILL of thc %L()Ili%h ('harili. RL"guliil(Ir. in IhL Springi ol- ?0" ? ti) bL'Lom¥ J %ci)Iti%h ("haritahle InL()rpc)riiled (IrLJiini.sali()ii i %(-l() i. Il nLlI" charilN" nurn￿r ￿-￿S oraniLd and onc of ilie rLquirLmLnis th'¢iS Io obtain nLl%' bank" accounls. This and the siltingj up of online banking Inr Ihose accounts proi'ed to bL' a longv and t"nisiraiing process. so ihai i%.¢ i¥'¢rL nol r¢adN' io iransfcr ilic funds lo ihe ncii. aLcounls unlil F"L'bruarJ jO?4. Ai ihL' %arnL lim¢ M'L. ￿ere in protraLled neg7()liali()ns i4.iih ihe C-ouncil oi'er ihe lease ol. Ihe building fur tliL nL'xI *0 i Lars. l ani l-lad lo rctmin ihal a comproniisL has IK'cn reaclied and ￿'e ail the f()rmal doLunicnl lo sig?n. ThL ln1l411ion In vi"ac¥L. bJaS and L"ILclriLiI!' Lo81.5 Ill"L"r IhL I￿(} !'L"dfs. thc L"rrccl of IhL pandcniic nn n)¢inN' i)l-iiur preK'inis.%lY regviilar CLi%lomers. and the limitations on the ilnnik11 ru'ciirringy g>rcinl Ir(Im Fifc Council hai'L f¥suIILd in a dLclinc in our funds. IIL. i¥LrL. luck!. to haic buili up subslantial reser￿LS oi'er the prei"ic)US !'Lar%. bui our finanLial pri)jections in earl! ?0?3 ￿L￿e gloom!.. SinLe Ihcn. g?Js and LILCtriLil¥ c()sls hai L Q()llL doiim and c)ur iru51LiS and siaff hai'L bLLn ii'ork'inL extra hard. foi no inLre¢ise in pa!.. Iii crLale neil" lundraising ¢i'enls. -.l% i ou li ill Sie in (he detail to Ihe Project aclounts. i¥e 111( I'L cilso lakLn ihe Fo(Idbiiiik ii).IIouSL aiid h&ll'e beLn iic)rkinLT Il-iih il)L Ci)Lincil 10 SLI lip IiL'II LliilLI Liire A.5 a rLSLIII. ()ur finiillLial ouiliic)k Is %c)mLii liiii bLItL T. biit ()Lir Iqain aLLounl rLsLfi'LS arc still projccled lo be used up b!, the Lnd of Ihe i'edlr. K'iih Ilie transition lo being? a 8C'I() in Februars.. the charit!" and £C'IO accounts ndai" fn)m ?_4pm ihniu¥th OLlober Ic) .Ipril in ihe l.L'drninLY QLnirL. I IICIL S Li lol ol. L]ialtin￿l soml tLa and biscuils and fi)mc ol- lis gil round li) L-iiilliiig? or crL)cliitl '-¥ curr¢nili ai LfdL7C I ? pLwplc per mcctingy and 14"C drc alli d)"s on Ihc IiH)koul fc)r ￿￿'0n¢ i4"hc) iiould like l() K-L. hai'e b¢cn unabli lo fundraise becausL ofcoi'id for Ihe past f¢iv s'C¢Trrs bul i¥'e do hai.'e some 14.001 and ncedles ai'ailahle lor an)'nne thal H'nuld like lo join. Thiirs(lai, Cliili-,Jiinc 21124 1111 s i L.tl" 1% i li.ld i)ur Chri%ima% mcal in ihL I ILI()ria I lolLI. Kirkdld!" iihich iN"dS ¢'njo!"Ld bK" all. Il Id a fantatstic job catiring, f(il Olir Aniiiial Bunis SupFKr. i%c had a liriiiL-i aiid biii. s11L iii i N ¥1 IIIKII I'ialli. helps us lo pa!. our Lnlenainers and Irip5. Il'c had a trip la %iirling and had a Ineal al KinLT RobLrt hotLI and one lo slbLrdLLll Ihen a meal al GeorgJ¢' I Icilel in IlonlriiNe. Che.%5 club-.june 2024 Dear Sharon. Please find below a brief contribution on behalf of Ihe chess dub. l am happy for you lo edit it in any way you wish to suit the formal of the annual report Grey cells lo the forel Playing chess Is an excellent way of keeping your mind alive and alert Every Thursday from roughly 11 am lo 4pm a group of one lady and six gentlemen meets in the Institute lo grapple with the ancient gatne. Contrary lo the popular conception the atrnosphere is informal and felaxed with a good deal of light-hearted banter and a modicum of chal about other matters altogether a very sociable occasion. Wnether you are a beginner OT a seasoned player, you would be very welcome to join our enlhusiaslic small group. Or perhaps you have a relative or friend who lives locally and is unaware of this opportunity? Further information is available from Michad on 07398751741 0"•al@blinlernel com Best wishes, Frferf Adult (.' c) ti ,1: C i i. Education SQA Approved Centre Report for Tayside Institute Community Centre - AGM -June 2024 Adults come to ABE: To improve their job prospects. write a CV or f 111 in a Job application To cope with everyday readin9, writin9. number ond money skills To help their chi Idren or grandchildren To work on IT skills. using a computer and developing digital skills To improve their conf Idence To gain notional qualif ications for work or to access college To improve budgeting skills ond help deal with changes due to rising costs/inf lation To cope with the challenges and to learn strategies to help with Specif ic Learning Dif f iculties such as dyslexia and dyscalculia Adult Basic Education (ABE) can develop and deliver courses to suit the needs of individual adults in smoll. informal 9roups. We work in a non-formal learnin9 environment where every learner has an individual learning plan and works towords their own personal 9oals. ABE have been delivering a mixed literacies group in Newburgh for over 7 years. In the last f ew years there hos been a f ocus on people using technology. This can be the networked computers in the Leornin9 Centre. or their own laptops, tablets or mobile phones and we access the internet using mobile Wi-Fi or the Library Wi-Fi. Since Lockdown, digital skills have become ever more important and of ten necessary to participate in everyday life. We hove recently helped learners to send emails and attachments f or business purposes as well os connectin9 Wlth family members on the other side of the world. We also encourage pro9ression and one of the Successes of this year is to have helped learners enrol and complete an online Data Science course with Fife College. Learners continue to work towards SQA qualif ications and Kirsty continues to volunteer with us and is our resident iPad expert. As well as helping our learners with o range of skills, we have also been there to help with other issues and hove assisted people to access Newbur9h Settlement Trust f unding to secure funds for a variety of reasons. The classes run for 2 hours on a Thursdoy f rom 10 -12. However. we are always f lexible and address the needs of those attending so if people are only able to attend every second week or for I hour, we are happy to accommodate this. There are spaces availoble, and this is a great opportunity to learn within the local community. For f ur+her Information, please contact. Email.. ABE Group Tutor Tht, Newbijrxh WL'III)cin&v Choir- Jiinc 2024 -li¢ C hoir mcctS WLck. ly in tliL 'I'I ('(' aiid lias a slLad}' attLnd¢iliCC frcfrin NL'wburgJh. AbcrnLIIIN' 11ILI ihc Ii)C¢l1 ¢il'L, Membcrs arc kLLn Io SLC Ihc clioir conl11)IlL 4?Ji(I Ilic SPCCi¢i1 l iincl-r1c IsinLJ 4lLI i N'iliL'%