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2024-12-31-accounts

SC053080

Nairnshire Community Newspaper SCIO

Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts
Period start date Period end date Period end date
For the period
from		 01
Day		 January
Month		 2024
Year		 to Day
31		 Month
December		 Year
2024
Section A Statement of receipts and payments
Unrestricted
funds		 Restricted
funds		 Expendable
endowment
funds		 Expendable
endowment		 Permanent
endowment
funds		 Total funds
current period		 Total funds last
period		 Total funds last
period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
A1 Receipts
Donations 4,112 4 4 4,112
Legacies - - - -
Grants 34,000 34 34 34,000 000
Receipts from fundraisingactivities - - - -
Gross tradingreceipts - - - -
Income from investments other than
land and buildings - - - -
Rents from land & buildings - - - -
Gross receipts from other charitable
activities 11,925 11 11 11,925 925
- - - -
A1 Sub total A1 Sub total 50,037 - - - - - - - - - - - 50,037 50,037 50,037 50,037 - -
A2 Receipts from asset &
investment sales
Proceeds from sale of fixed assets
Proceeds from sale of investments
A2 Sub total -
Total receipts 50,037
~~——~~		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 -
-
-
50,037		 -
-
-
50,037		 -
-
-
50,037		 -
-
-
50,037		 -
-		 -
-
A3 Payments
Expenses for fundraising activities 410 410 410 410 410
Gross trading payments 3,035 3 3 3,035
Investment management costs - - - -
Payments relating directly to charitable Payments relating directly to charitable
activities 1,543 1 1 1,543
Grants and donations
- - - -
Governance costs:
- - - -
Audit / independent examination - - - -
Preparation of annual accounts - - - -
Legal costs 5,555 5 5 5,555
Other
- - - -
- - - -
**A3 Sub total ** 10,543 - - - - - - - - - - - 10,543 10,543 10,543 10,543 - -
A4 Payments relating to asset and
investment movements
Purchases of fixed assets
1,827
Purchase of investments
A4 Sub total 1,827
-
-
Total payments 12,370
-
-
~~——————~~		 -
-		 -
-		 -
-		 1
-
1,827
12,370		 1
-
1,827
12,370		 1,827
-
1,827
12,370		 -
12,370		 -
-		 -
-
Net receipts / (payments)
A5 Transfers to / (from) funds
Surplus / (deficit) for year		 37,667
-
-
37,667
-
-
~~———~~		 -
-		 37,667
-
37,667		 -
-

1

Nairnshire Community Newspaper SCIO

SC053080

Section B Statement of balances

Categories
Signed by one or two trustees
on behalf of all the trustees
B3 Other assets
B5 Contingent liabilities
B4 Liabilities
B1 Cash funds
B2 Investments		 Details Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowmen
funds
to nearest £
t		 Total current
period
to nearest £		 Total last
period
to nearest £
Cash and bank balances at start of year -
37,667		 - -
Surplus / (deficit) shown on receipts and
payments account		 37,667
-
-
Cash and bank balances at end of
year
(Agree balances with receipts and payments
account(s))
Details		 37,667 - - - 37,667 -
-
-
-
-
-
-
Fund to which asset belongs Market valuation
to nearest £		 Last year
to nearest £
Details Fund to which asset belongs Total
Cost (if availab
to nearest £		 le) -
-
Current value (if
available)
to nearest £		 Last year
to nearest £
Details Total
Fund to which		 -
-
-
liability relates Amount due
to nearest £		 Last year
to nearest £
VAT Due forQE 12/24 General Operational Fund 259
Independent examination of accounts General Operational Fund 250
Details Total
Fund to which liability relates		 509 -
Amount due
(estimate)
to nearest £		 Last year
to nearest £
Signature* Total
Print Name		 -
-
Date of
approval
21-Feb-25
21-Feb-25

2

Nairnshire Community Newspaper SCIO

SC053080

Section C Notes to the Accounts

C1 Nature and purpose of funds (may be stated on analysis of funds worksheets)

C2 Grants

C3a Trustee remuneration

Individual / Number of grants £ Type of activity or project supported institution made Total - If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b) X £ Authority under which paid

C3b Trustee remuneration - details

C4a Trustee expenses If no expenses were paid to any charity trustee during the period then cross this box (otherwise complete section 4b) X Number of £ trustees C4b Trustee expenses - details Transaction Balance amount (£) outstanding at Nature of relationship Nature of transaction period end (£) C5 Transactions with trustees and connected persons

C6 Other information

3

Nairnshire Community Newspaper SCIO

SC053080

Additional analysis (1)

Analysis of receipts and payments

1 Donations

1 Donations 1 Donations
Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowment
funds
to nearest £		 Total current
period
to nearest £		 Total last
period
to nearest £
Small cash donations 200 200
Donations via JustGiving 2,249 2,249
Donations from named individuals 1,410 1,410
Gift aid received 254 254
Total
2 Grants		 4,112 - - - 4,112 -
-
Unrestricted
funds
to nearest £		 -
Restricted funds
to nearest £		 - - -
Total current
period
to nearest £		 -
Total last
period
to nearest £
Haventus / Ardersier Port 25,000 25,000
Ward Discretionary Fund 3,000 3,000
Association of Nairn Businesses 5,000 5,000
Arnold Clark 1,000 1,000
Total
34,000
-
Unrestricted
funds
to nearest £
3 Gross receipts from other charitable activities		 34,000 - 34,000 -
-
Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowment
funds
to nearest £		 -
Total current
period
to nearest £		 -
Total last
period
to nearest £
Newspaper sales 3,172 3,172
Advertisingsales 8,754 8,754
-
-
-
-
-
-
Total 11,925 - - - 11,925 -
- - - - - -

4 Payments relating directly to charitable activities

Unrestricted
funds
to nearest £		 Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment
funds
to nearest £		 Permanent
endowment
funds
to nearest £		 Total current
period
to nearest £		 Total current
period
to nearest £		 Total last
period
to nearest £
Office Insurance, Rates, BID 504






504







Utilities 27 27
Telecomms & Internet 212 212
Software & Computer Supplies 375 375
Postage 28 28
Stationery& Office Supplies 315 315
Website 47 47
Bank Fees and Charges 36 36
-
Total 1,543 - - - 1,543 -

4

SC053080

Additional analysis (2)

5 Breakdown of unrestricted funds

Receipts Receipts General
Operational
Fund		 General
Operational
Fund		 Total
unrestricted
funds		 Total
unrestricted
funds last
period
Donations 4,112 4,112
Legacies -
Grants 34,000 34,000
Receipts from fundraisingactivities -
Gross tradingreceipts 11,925 11,925
buildings -
Rents from land & buildings -
Gross receipts from other charitable activities -
Sub total
Receipts from asset & investment sales		 50,037 - - - 50,037 -
-
Proceeds from sale of fixed assets -
Proceeds from sale of investments -
Sub total
Total receipts		 - - - - - -
50,037 - - - 50,037 -
-
Payments Payments
Expenses for fundraisingactivities 410 410
Gross trading payments 3,035 3,035
Investment management costs -
Payments relatingdirectlyto charitable activities 1,543 1,543
Grants and donations -
Governance costs: -
Audit / independent examination -
Preparation of annual accounts - -
Legal costs 5,555 5,555
-
-
Sub total
Payments relating to asset and investment
movements		 10,543 - - - 10,543 -
-
Purchases of fixed assets 1,827 1,827
Purchase of investments -
Sub total
Total payments
Net receipts / (payments)
Transfers to / (from) funds
Surplus / (deficit) for year		 1,827 - - - 1,827 -
-
12,370 - - - 12,370 -
-
37,667 - - - 37,667 -
-
37,667 - - - 37,667 -
-

Nature and purpose of funds

General Operational Fund: to cover costs related to charitable activities and operations, including office equipment and fittings.

5

APPENDIX 3 oscr Office of the Scottish Charity Regulator Independent examinerfs report on the accounts Report to the Chority name trusteeslmembers of ', Nairnshife Community Newspaper SCIO Registered charity SC 053080 On the accounts of the ¢harlty for the period Period start date Month Period end clale Month Day Year Day to 01 01 2024 31 12 2024 Set out on pages Respective The Chanty's trustees are responsible for the preparation of the accounts in accordance responsibilities of with the terms of the Charities and Trustee Investment Iscollandl 2005 Act and the trustees and examiner Charitie5 Accounts (Scollandl Regula110ns 2006. The charity Iruslees consider that the audit requirement of Regulation 10111 Idl of the Accounts Regulations does not apply. It is my responsibility to examine the aLtounls as required under section 44111 Icl of the Acl and lo slate whether particular matlerg have come to my attention. Basis of independont My examination is carried out in accordan¢e with Regulation 11 of the Charities exarninèr'8 Statsmont Accounts IS¢ollandl Regulations 2006_ An exarninalion includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 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, I do not express an audit opinion on the accounts. Ind•pendent examiner's In the course of my examination, no matter has come to my attention statement which gives m8 reasonable cause to believe that in any material respect the requirements.. lo keep accounting records in accordance wilh section 4411) lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and to prepare accounts which ac¢ord with the accounb.ng records and comply with Regulation 9 of the 2006 Accounts Regulations have not been rnet. or lo which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts lo be reached. Date: Sign•d: Narne: Relevant professional qualificationlsl or body (if any}: Addre5S: 'Pl8&5e delete the words in th? braGke15 Ifthey do not appky Ifthe words do apply. s8t out Ih05e tnatters which have comg to your on Ihe followng pBge.

Trustees’ Annual Report for Nairnshire Community Newspaper SCIO (“the Charity”)

1. Reference and Administrative Information

Charity Name: Nairnshire Community Newspaper SCIO

Charity Number: SC053080

Address:

Charity Trustees on Date of Approval of The Trustees’ Annual Report

Membership :

As at Date of Approval of The Trustees’ Annual Report the Charity has 99 Members, including the Trustees listed above.

2. Structure, Governance, and Management

Governing Document:

The governing document is the constitution of Nairnshire Community Newspaper SCIO

Constitution:

The charity is a Scottish Charitable Incorporated Organisation (SCIO)

Trustee Recruitment and Appointment:

who were the

signatories to the charity application. Their effective date of appointment was 26 January 2024.

appointed Charity Trustees on 15 July 2024.

o Post year end,

resigned as Trustee and Secretary, effective 7 February 2025.

3. Financial Summary

Year-end position:

Reserves Policy:

The reserves policy is to maintain reserves equal to at least three months operating costs, which, based on current committed costs, equates to £7,000. Surplus funds are to be invested back into the development of charitable activities.

Donated Services and Facilities:

It is worth noting that the Charity benefitted from specialist skills and services donated by a number of the Trustees. These include business planning; accountancy and bookkeeping; IT systems set up and support; digital design and layout; HR support; editorial review; office administration; distribution of newspapers. It is estimated that in excess of 10,000 volunteer man hours have been worked since conception of this project, to get the newspaper to where it is now.

Additionally the Charity has benefitted from donated office equipment, including furniture, desktop PC, monitor and printer, which is worth in the region of £1,000.

4. Objectives, Activities and Achievements

Objectives

The purposes of the Charity are to advance citizenship and community development in Nairn and its surrounding area through production of a regular newspaper mainly by volunteers to:

(i) bridge information gaps with timely, accurate, and relevant news and local interest stories; and (ii) provide schedules of and support to local events;

which will keep residents connected to each other and promote civic engagement.

Activities

The SCIO’S charitable status was approved by OSCR on 26 January 2024; Banking facilities were opened with the Co-operative Bank on 14 February 2024; HMRC charitable status was received on 19 April 2024, with Gift Aid registration subsequently confirmed; VAT registration was approved by HMRC, effective 1 September 2024.

A lease on premises at 79A High Street, Nairn was signed on 26 July 2024. Office kit out and running costs during 2024 have been covered by unrestricted grant funding received from Highland Council Ward Discretionary Fund and Arnold Clark Community Fund. Funding has already been secured to cover these costs in 2025. The office provides a team hub and meeting space to coordinate production and distribution of the newspaper.

During the year, legal fees to the value of £5,555 were incurred in relation to exploration of a potential opportunity to develop the scope of the Charity’s revenue generating activities. On recommendation of the Trustees, the Charity did not proceed with this opportunity. Legal fees were covered by an unrestricted grant from Haventus secured for that purpose and discussions between the parties involved remain confidential.

Following a free of charge “Games Day Special” pilot edition produced for Nairn Games Day, at time of writing, the Charity has successfully published four full editions of The Nairnshire Community Newspaper (Oct, Nov, Dec 2024 and Feb 2025), priced at £1.80. The next edition will be published on 1 March 2025.

Achievements

Average circulation for the first three editions during 2024 is 1080 copies (compared to latest certified circulation of Inverness Courier Nairnshire Edition which averaged 536 per week for 2024). Assuming each newspaper is read by two people, this means reach equates to approximately 20% population of Nairn. Sales of the newspaper cover printing costs and make a small contribution towards running costs.

The Trustees have been greatly encouraged by the level of engagement from the community, with over 40 articles submitted for each edition, including from a number of regular contributors. Our What’s On page, which was a much requested feature at our public consultation meetings, now includes over 100 local clubs, activities and services available to residents. Through articles and features submitted to the newspaper we have been able to raise awareness of over 45 charities and community organisations, doing our bit to highlight all the great work they contribute to our Nairn and Nairnshire.

Advertising placement is an important source of revenue for the Charity and is key to achieving our long term goal of being a self-funding organisation. Across the first three editions there were 74 paid advertisements placed by 42 local businesses.

We share updates about the newspaper, such as copy deadlines and publication dates, on our social media channels and via direct email to our mailing list. At time of writing we have 410 followers on our Facebook page, 1348 members in our Facebook discussion group and 310 subscribers on our email list. We have received lots of positive feedback about the newspaper via these channels.

Some examples include:

“I have just finished reading our new Nairnshire Community Newspaper, cover to cover. What a great read, lots of brilliant articles on what is going on, a few resonating with me personally. Well done to everyone for all your hard work in getting this to press. Looking forward to the next edition.” , Facebook.

“Enjoyed reading local news from Nairn. Well done in pulling it together everyone.” , Facebook.

“Well done guys. Lots of news and information that would otherwise not be available. Great effort.” , Facebook.

"Thank you very much for all your time putting this together, we really hope to raise awareness of our little group and feel the people who need us most are not on social media and will be picking up and reading their local paper." Alzheimer Scotland, by email

Following a successful recruitment campaign, in November 2024 the Trustees were delighted to appoint the Charity’s first paid employee, and our Office Administrator officially joined the team in January. This part time post, on a 12 month fixed term contract, is funded by an unrestricted grant from Haventus. The Office Administrator will provide much needed support to the Editorial, Advertising, What’s On and Production teams, and will be responsible for manning the office and our inboxes for three days per week.

5. Thanks and acknowledgements

The Trustees would like to extend their thanks and acknowledgements to

6. Plans for Future Periods

The key objectives for 2025 are to

To achieve these objectives our fundraising needs are

7. Declaration

The Trustees declare that they have approved this Trustees’ Annual Report.

Signed on behalf of the Charity’s Trustees:

Signature: _________

Full Name: Position: Chair Date: 19 February 2025