OSCR Loch Broom Sailing Club SCIO W05rr.orgyk Garve Road, Ullapool, Highlands IV26 2SY SC053208 Registered charity from 20 March 2024 Re0S￿￿d SUO Finance Statement LOCH BROOM SAILING CLUB-Treasurers Re ort 2024 At the AGM on the 23, of March 2024. we presented the Treasurers report for the period l January 2024 to 31 December 2024. This tollows the standard format that the club has used for many years. This was examined by the 17, March 2024, with following note I hereby cert7fy thot I hove exomined the books and records of Loch Broom Soiling Clubfor the yeor ended 31 December2024 ond declore thct no motter hos come to my ottention thot gives me reasonable cause to believe thtyt proper accounting records hove not been kept, or that the above occounts do not ogree with the records. LOCH BROOM SAILING CLUB SCIO_OSCR Financial Statement To comply with the requirements of OSCR we have a150 produced a financial statement which cover5 thè pèriod 20 March 2024to 31 Dèeèmbèr 2024. The Income and Expanditure figures remain the same as the Treasurers report= namely Tha Gross incoma was1£139701 and Expenditure1£93601. To reflect the transition, the balance at the start of the year for the Treasurers report1£60041, is recorded a donation "transfer from an unincorporated club" in the OSCR Financial Statement. This then is taken as the balance at the start of the SCIO. A new bank account set up for Loch Broom Sailing Club SCIO was initiated on the l January 2025 and the old bank account c105ed sirnultaneou51y. ## **LOCH BROOM SAILING CLUB** ## **Registered as a SCIO 20th March 2024 - Charity Number SC053208** ## **Accounts presented in compliance with Clause 112, 113 and 114 (b) of our SCIO approved constuittion.** ## **Treasurer's Report 2024** ## **Income and Expenditure Account for Year Ended 31 December 2024** ||||**Statistics**|**Statistics**|**Statistics**|**2023**
**2024**|**2023**
**2024**|**2023**
**2024**|**2023**
**2024**| |---|---|---|---|---|---|---|---|---|---| ||||**2024**||**2023**|**Income(£)**|**Expense(£)**|**Net(£)**|**Net(£)**| ||Membershipfees(Adults + Juniors)|||140|126|5,547|35|5,512|4,159| ||Donations,SundrySales & Bank Interest|||||515|-|515|128| ||CommunityBenefit Fund(Asset Transfer)|||||1,700|-|1,700|-| ||Social Events(Jan + AGM Curries)|||||660|-|660|100| ||Social Events(Xmas Dinner)|||43|43|1,845|1,850|(5)|-| ||Insurance|||||-|2,922|(2,922)|(3,536)| ||Clubhouse & Surrounds - Note 1*|||||-|1,422|(1,422)|(4,139)| ||Power Boats||||||233|(233)|(478)| ||Skiffs|||||720|193|527|1,075| ||General(inc RYA Membership)|||||-|428|(428)|(234)| ||Junior Sailing- Note 2|||?|17|2,383|1,827|556|1,853| ||FlyingFifteens|||||-|37|(37)|(454)| ||Moorings - Note 3|||7|7|300|385|(85)|(200)| ||Regatta/Campbell Cup|||||-|34|(34)|(200)| ||BroomPower Interest(Sale)|||||300|-|300|12| ||**Total for theyear**|||||**13,970**|**9,366**|**4,604**|**(1,914)**| ||Bank Balance at start ofyear|||||||6,004|10,105| ||**Bank Balance at end ofyear**|||||||**10,608**|**6,004**| ||||||||||| ||||||**Notes**||||| |||||||**Income**|**Expense**|**Net**|**Net**| ||**Note 1 Clubhouse & Surrounds**|||||**£**|**£**|**£**|**£**| |||Improvements||||-|-|-|(2,548)| |||Electricity (Scottish Hydro||) 1400 kWh||-|835|(835)|(331)| |||Water(Business Stream)||||-|225|(225)|(246)| |||Clubhouse keys|||||-|-|-| |||Equipment|||||222|(222)|-| |||Broadband + TV Lic|||||-|-|(442)| |||Maintenance|||||140|(140)|(572)| |||Total||||**-**|**1,422**|**(1,422)**|**(4,139)**| ||**Note 2 Junior Sailing**||||||||| |||DinghyMaint||||-|187|(187)|(147)| |||Equipment||||-|-|-|(29,961)| |||Grants||||300|-|300|31,735| |||Junior Sessions(inc Junior Membership)||||2,083|1,340|743|(16)| |||Training|||||300|(300)|(1,758)| |||Total||||**2,383**|**1,827**|**556**|**(147)**| ||**Note 3 Moorings**||||||||| |||LBMOA Fee||||-|385|(385)|(280)| |||Maintenance||||-|-|-|-| |||Rental Fees||||300|-|300|80| |||Total||||**300**|**385**|**(85)**|**(200)**| ||||||||||| |**Independent Examination**|||||||||| ||I hereby certify that I have examined the books and records of Loch Broom Sailing Club for the year ended 31 December
2024 and declare that no matter has come to my attention that gives me reasonable cause to believe that proper
accounting records have not been kept, or that the above accounts do not agree with the records.||||||||| ||Signed||||Robert MacKenzie|||Date|| ## Financial Statement Loch Broom Sailing Club SCIO ## 20[th] March 2024 to 31[st] December 2024 ## **Statement of Receipts and Payments for the period ended 31 December 2024** |||||||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Period**
**ended**
**31/12/2024**| |---|---|---|---|---|---|---|---|---| |**Receipts**||||||||| |Grant|||||||1,700|1,700| |Donations,SundrySales & Bank Interest||||||815|-|815| |Receipts from charitable activities – Membershipfees,Sailing& Social Events||||||11,455|-|11,455| |Total receipts||||||12,270|1,700|13,970| |**Payments**||||||||| |Cost of charitable activities||||||9,366||9,366| |Governance costs||||||||-| |Purchase of equipment||||||||-| |**Totalpayments**||||||9,366|-|9,366| |Surplus/(Deficit)for theyear||||||2,904|1,700|4,604| |Transfers between funds||||||-|-|-| |Surplus/(Deficit)for theperiod||||||2,904|1,700|4,604| |||||||||| |**Statement of Balances - As at 31 December 2024**||||||||| |||||||||| |||||||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Period**
**ended**
**31/12/2024**| |Openingcash at bank and in hand||||||6,004|-|6,004| |Surplus for theperiod||||||2,904|1,700|4,604| |Closingcash at bank and in hand||||||8,908|1,700|10,608| |||||||||| |||||||||| |**Bank and Cash Balances**||||||||| |Bank Current account||||||3,456|-|3,456| |Bank Deposit Account||||||5,452|1,700|7,152| |||||||8,908|1,700|10,608| |||||||||| |**Other assets - unrestricted fund**||||||||| |||||||||**Period**
**ended**
**31/12/2024**| |Boats(insured value)||||||||37,900| |Equipment||||||||1,000| |||||||||38,900| |**Liabilities(unrestricted fund)**||||||||| |Creditors||||||||-| Notes to the accounts - for the ear endin 310ecember 2024 1 Basis of accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotlandl Act 2005 and the Charities Accounts {Scotland} Regulations 2006 las amended) 2 Nature and purpose of funds Unrestricted funds are those that may be used at the discretion of the trust8es in furtherance of the objects of the charity. The trustees maintain a single unrastrictad fund for tha day-to-day running of thè club. Restricted funds may only be used for Specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. During the year the charity received a donation of £1,71JO towards the costs of conveyancing the Clubhouse property to the SCIO from the Club. 3 Related party transactlons The￿ are no related party transa¢tions. 4 Donations On the 20 March 2024 Loch Broom Sailing Club became a SCIO. For the purpose of these accounts, The Opening cash at bank and in hand on the I, of January is taken as a donation from the Loch Broom Sailing Club as an unincorporated club to Loch Brom Sailing Club as a SCIO. Unrestricted Funds Restricted Funds Period ended 3111212024 £6004 £6004 Transferfrom unincor Total orated Club £6004 £6004 5 Grants recerved Unrestricted Funds Restricted Funds Period ended 3111212024 £1700 £1700 Comrnuni Total Benefit Fund Grant £1700 £1700 6 Cost of charitable activities Unrestricted Funds Restricted Funds Period ended 3111212024 £3137 £1422 £1850 £2922 £35 £9360 Communi Benefit Fund Grant £3137 £1422 £1850 £2922 £35 £9366 Total 7 Governance costs None incurred: Independent exarniner's fee Iwaivedl OSCR Loch Broom Sailing Club ReO5trted SL70 Garve Road. Ullapool, Highlands IV26 2SY SC053208 Registered charity from 20 March 2024 Trustees Annual Report for the Period 20th March 2024 to 22nd March 2025 Reference and administration details Charity name Registered charity nurnber Charity's principal address Loch Broom Sailing Club SC053208 Loch Broom Sailing Club. Garve Road. Ullapcol. H￿hland Poslcode IV26 2SY Transition from an unincorporated sporting club to a SCIO Loch Broom Sailing Club {LBSCI was estsblished in 1957 by enthusiasts in UllaFooI sailing and racirKJ traditional Bhatss lan open ded(ed ILKJ rigged fishing boat befvleen 15 and 17ft1. In the earty 70's a grant was obtsined Scottish Sports Council to build the Clubhouse in its cJJrrent location at the wee P￿r. With this came the need to fomialty develop a cC￿StItutiOn as an unlncw￿rated $￿ting tody and appoint elected officers at an AGM. At the clubsAGM on Ihe 1st Task Actr"on Approve a new SCIO compliant constituti and for the committee to make minor changes re uested b OSCR. int initial trustees for SCIO a lication To apply to the Seottish Charity Regulator IOSCRI to becorne a Scottish Charitable Inco ated C anisation Transfer existing assets and liabilities to new scio ril 2023 the membershi unanIn￿Usl Completed 2310212024 See below Application submitted 2310212024 2310212024 Approved by OSCR 2010312024 d} Completed at AGM 23￿ March 2024 Addit"onal Ath"ons followin Task Act"on Create new Bank A¢￿Unt ft)r LBSC ISCIO) and transfer funds from old account Close old account. Disposition by ex offiuo trustees of Loch Broom Sailing Club in favour of Loch Broom Sailin Club SCIO. True number ROS30397 on from AGM 23rd 2024 Fompl swilth at end of finanual year (3111212024} Completed 0110112025 Completed 1810312025 The initial tnjstees appointed at the 2023 AGM to take forward the SCIO were Loch Broom SailiThJ Club was awarded SCIO status on the 20th Maich 2024, chaiily number, SC053208. At the 2024 AGM, the inibal trust&s required for the SCIO appliealion stood down and were replaeed by those elected at the AGM. L8SC Tnk*t￿ Annual Rgport 2LV0￿4 to 22103r25 Pagg 1 Trustees from 2024 AGM (23rd March) to 2025 AGM (22nd March) Trustee name Office (if any) ccffiMod￿e Treasurer Secretsry from 0910912024 Dates acted rf not for whole year 10 11 Names of other charity trustees during the period. if any. {include those that resigned part way through the financial period). Name Ites acted if not for whole year 23rd Marth 2023 to 9th August 2024 Secretary L8SC Tnk*t￿ Annual Rgport 2LV0￿4 to 22103r25 Pagg 2 Structure, governance and management SCIO Approved ConstrtutC￿.' Charty number SC053208. The struthre as set by our SCIO consttttrtion establishes an organ1satr.(￿ which consists ot. (a} the MEMBERS- who have the rvJht to parbcipate in members, meetr.ngs {includirrfJ any annual members, meeting) and have important powers,. for example. the rnem￿rs elect people to serve on the Board and take deci￿OnS on their behalf. (b} the BOARD- who hold regular meetings, and generally corrtrol the activlties of the organisation; for example. the board is responsible for monitOfiThJ and controlling the financial posItic￿ of the organisation. The people seNng on the board ￿e referred to as CHARITY TRUSTEES. Membership of the board is open to all Club members, wrth the facilty (rf required) to Co-opt non-members. Type of govemirvJ document The Board of made up frcln be￿een 6 aThJ 16 tnjstees. FC￿ this pericxj 12 were elected ￿ reapF()inted by members at the Annual General Meeb'ng. No addit*)nal tnjstees were co-opted or appointed during the pericmj. One trustee resigned. Trustee recruilment and appointment The board meet each month in the clubhouse. There is a set agènda, covering current actions and standard reports and feedback from the drfferent activitses. Minutes primarily record actions and decisions. As far as possible, tasks are delegated to sub-groups. Any member is welcome to attend. There is an Annual General meeting held each year in March or April. There is the constitutional facility to hold an EGM, but these are very unusual. Loch Broom Sailing Club {LBSC) is an affiliated member of the Royal Yachting Association IRYA) Affiliation number: 8110738 Loch Broom Sailing Club 15 robust and artive, our RYA census submission in June shows our membership to be 140 strong. this continues the steady increase from 126 in 2023 and 119 in 2022. Male 83 17 Female Total 140 36 Membership (all ages) Juniors (under 161 57 18 CLASS Family 18 Couple 13 Individual Concession Honorary Junior Total number Voting >16 19 io 73 26 19 io ioi Totsl number of voting members- 101. so thequorum forthis period l>lO%I fora AGM or EGM. is 11. Plannln At the AGM in March. we publish a draft Plan for the clubs, acknvities. The sailing season will begin in April and close in Ortober- during the winter there are social gatherings including an annual dinner and maintenance of club boats. Sailing will follow the key artivities of the Club a5 Outlined under the athvities section. L8SC Tnk*t￿ Annual Rgport 2LV0￿4 to 22103r25 Pagg 3 Activities and Achievements - Taken from the Commodores report presented at the AGM er fest In May.. West Coast Boats la collaboration between the Johnson and Loftus Boat Builders and Isle Ewe Boats) supported by the Ullapool Harbour Trust, invrted local and visiting traditr.onal boats Iluggersl to Ullapool. The new pontoons and 'quay square, came alive with boats and acts"vits"es- the weather was glorious. The Saturday parade of sail covered the loth with traditional red sails. On the Sunday the sailing club was asked to create an opportunity for a 'try a sail,. Wè werÈ able to put Flying Fiftèèns and 5 din8hiÈs on thè watèr and introduce over 30 folks to sailing (aged 8 to 751- resulting in 10 new member51 Din Over the past few years Dinghy sailing deserves its position as the highest profile activity for the club. Our array of dinghies proudly parked in front of the club are frequently used. Historically the club saw Dinghies as 'boats for the juniors,; this has changed to include adults= Beginning with parents- envious of their children's fun, adding sailing to their essential supporting role5 ashore and afloat. by jumping into the dinghies thernselve5, often to be instrurted by their children. There is a150 a now more demand from adults in Ullapool wankn.ng to learn to sail.. Following lugger fest in June we held a 'try-a-sail'. which was supported by the RYA 'Discover Sailing, inits"ats"ve. We were Joined by Leon Ward. a development offi.cer from RYA. he was highly complementary about what we were doing and was able to give some good pointers asto how we can build upon we have achieved. The coastal cornmunity Grant which allowed us to buy the Quest and 3 Zest's, also allowed for training, this included members acquiring powerboat training (run by HIEI with some going on to take the safety boat course at Loth Insh. The first Junior week was held in 2001. except for a covid gap, it has been held every year since. I have lost count of how many juniors have learnt to sail. it will be well over 100. 2024 was a good junior weék, once again benefiting from our home-grown instructors 5UPPOrted b¥￿. Not forgetting all the parents without whose 5UPPOrt none of this would work. Thanks too to the Harbour who have provided us WTth a berth for one safety boat which makes operations much easier. Fl in Fifteens The Flying Fifteen is a British sailboat that was designed by Uffa Fox as a one design racer and first built in 1948. The design has been a World Sailing intemational class since March 1981. With 30 races logged it has been the most act?ve season ever, compared to last year's 3 racesl The fixed race session5 On Thursday evening and Saturday afternoon. proved a great catalyst for attendance. Many thanks toWll whose diligence in recording the times ensured a statistical extravaganza.. There were 9 boats launched, final posits.ons from left to right With￿ overall winner. FF Dolphin Firebolt Norma B Baccarat Fulmar Guillemot Sail Mhor Yellow 37 people took part and although the Helms remained faidy consistènt to their own boats, lots of different folk joined as crew, including Some for whom an FF race was their introduction to sailing., 35 3 re5uIt, 80% of boats racing were fully crewed. Starting, race marks and communication are better, and perhap5 the debates and attenkn.on to the finer rules of racing, boats and rig and handicaps, indicates the keenness of the competition. Few would contradict that racing hugely improves your sailing technique. but rc must be anchored in fun for all, in 2024, for me it certainly was. L8SC Tnk*t￿ Annual Rgport 2LV0￿4 to 22103r25 Pagg 4 Crulsln The pontoons at the harbour offer a new dimension for cruising boats, some now take up residence either for summer or winter or both. Most yachts still use moorings, launching in the spring and hauling out in the autumn. The club remains adventurous as ever, Whrte Star reached Isle of Man. Kumari reached Ireland and Kingh'sher Lofoten Island. Others remained local or at least within the west coast= grotty weather in July and August didn't helpl A couple of 'rneet ups, where boats met for a night Imostly in the Summer Isles). and a very successful storm cruise with rnany boats going to Lochinver. Cruise of year went to Bobby O who jumped on many yachts and demonstrated the value to skipper5 of competent crew- Local cruising saw an "all boats raté. around the bay Ènding up as in prÈviou5 yÈars for a Logie Bay lunch. CampbÈlls cup was wèll attènded, but fearful of an approaching gale, the race started and finished at the icehouse with boats given the option which way round Isle Martin to race- the winner Iclosely contested) was Rowin Loki has seen regular use this year. benefiting frorn a scrub-down. sand and repaint,. The lady's team are accustomed to a mid-row break with hot drink. cake and a swim. the men'5 team discovered that calories expended during one hour exceed those from a post row coffee and hot roll- rowing is great exercise and very sociable. Our close association with Ullapool Coastsl Rowing Club continue5, and we are grateful for the ontribution they give to us for using our facilities. For energetic LBSC Rowers. UCRC are now the focal point in Ullapool for compètitivÈ rowin8 lineluding somè LBSC mèmbÈrsl thèy règularly travèl to règattas and continua to organise an annual regatta in Ullapool. Solln and Hob 4at and Povmrboats The soling challengewas only undertaken t￿￿. Wrth￿ winning the round Isle Marknn race: Although underused, its potential remains. and it is great fun to sail. At the end of the season the club was donated a Hobby-cat,. It is being fixed this winter and will add a new sailing dimension to be trialled thi5 summer. Our main Rib remains serviteablè and is an essential asset for all Dinghy aeiivitiès- The pioner has come into its own, kept on the pontoon it is used by all elements of the club for Dinghy's as a safety boat, and as tender for flying fiftaen races and barge for provisioning yachts. Club Boats 2025 Solin F￿ng Fifteen Hobby Cat Quesi Zesi P￿0 RIB Pioner Skiff TendÈrs Clubhouse and surrounds The harbour works snagging were completed before the stsrt of the sailing. The club is very grateful to the help and support offered by the Ullapool HarbourTrust and the contractor, . The shorefront projèct has Ènablèd thè clubtoeonnèctto thè mains sewèr. Thè nèwshèd wa5 finishèd and thè club repainted, many thanks for all those who helped, with specific thanks to for thè shed works. In 2020 the clubhouse roof was found to be cracking. Testing and repairs werè made by our in-house engineers which were signed off for 5 years by specialists Wallace Stone... Inspection this March showed it is still in good repair and the next reinspection has been pushed along to March 2028. L8SC Tnk*t￿ Annual Rgport 2LV0￿4 to 22103r25 Pagg 5 **Achievements** The activities outlined below map what we undertook across 5 principal areas: all elements exceeded our expectations, Our main achieving was to become a SCIO and completing the steps for its formal transfer from the old club to the new. The club is supported by the RYA. We were visited by the regional development officer, and the RYA supported an informal review of our activities which endorsed our success and made some positive recommendations for continued improvement which have been adopted. Like many clubs’ small remote rural locations, we strive to maximize our human capital to enable us to achieve the range of activities we enjoy, we are proud that our achievements match and exceed many clubs better resourced than our own. Our greatest achievement is to safely facilitate an outdoor sport that improves the wellbeing of young people and adults of all ages and brings together families to enjoy these together. The club works hard to make these accessible and affordable for all sectors of society. Sailing is a sport where for all ages learning is achieved through practice and experience, however we also support formal training and acquisition of recognized qualifications. The club ensures that our clubhouse, boats and procedures meet best practice for health and safety. _LBSC Trustees Annual Report 20/03/24 to 22/03/25_ _Page 6_ Charitable Purposes These are set out in Paragraph 4 of our constilution The orgoni517tion's primary purpose is to promote ondfarilitate the sport of soiling. The orgoni5Utyon's furtherpurposes are to encourage and enoble comrnunity participation all asperts of boating, woter sports and outdoor octs"vities. As part of the SCIO applicakn.on LBSC were asked to identify how our acbvities help achieve our Charitable purposes.. For future reference these are set out below. OSCAR sets out 16 purposes that our set out in Scottish charty legislation. The following 6 apply to the activitias set out in our purposes. the advancement of educatlon: Sailing, water sports and outdoor activities= all require command of specific tèchnical skills. Acquiring these requirès training, learning and practical èxperience. the advantÈmÈnt of hèalth. Any sporting and outdoor activity improvès physical fitness and well- being. What LBSC do clearly meets these goals. The club brings together a good balan￿ of male and female members and a wide age range. In a safe and friendly environment this allows individuals to get to know each other and develop lastr.ng friendships. This is equally important for mental as well as physical hea￿h. Sailing and Watersports provide many opportunities for team-work and co- 0￿ratiOn. In the Highlands wèathér, can bè challènging, through eontrolled and safe practices this help5 develop personal resilience and sense of personal achievement. the advancement of citizenship or cornrnunity developmenL The sailing club is run by volunteers. The leadership. organisath.onal and business skills required can provide a development opportunity for any member prepared to join in. The professional background of club members are diverse and transferable skills are plenty (from scientists, solicitors, engineers, small business owners Iretail and hospitality), boat-buildèrs and earpèntèrsl- Thè skills inherÈnt in thè club mèans wè arÈ ablè to support other community athvities.. e.g. water safety support for triathlon and Skiff regattas. The clubhouse and its location are available to small community groups to use. The advancement of public participation in sporL This is self-evident in what we do through sailing and Watersports. the provlslon of recreatlonal facllltles, or the organlsatlon of recreatlonal acthiltles, wlth the object of Improvlng the condltlons of Ilfe for the persons for whom the facllltles or actlvltles are prlmarlly intended. Again, this is self*vident. The history of the club is full of examples where our artivitie5 have been life affirming. In particular as sailing can be very inclusive as a family acknvity, especially for parents with young and teenage children. The club building is used by other groups within Ullapool. the advancement of envlronmental protectlon or Improvement. Sailing, Watersports and outdoor activities all develop a strong awareness and the water enwronment and the pressures it facès. Our sailing area is within a designated Marine Proterted Area. The club is used by a group of young environmentalists Iullapool Sea Savers). L8SC Tnk*t￿ Annual Rgport 2LV0￿4 to 22103r25 Pagg 7 Financial Statements and Review LOCH BROOM SAIUNG CWB- Treasurers Re ort 2024 The Treasurers report for 2024 as circulated to members before and presented at the AGM on the 23rd of March 2024. It covered the period l January 2024 to 31 December 2024. This followed the standard format that the club has used for many years. This was examined bv March 2024, with following note I hereby certsfy that I have examined the books and records of Loch Broom Sailing Clubfor the year ended31 December2024 t7nd declare that no motter has come to rny attention tht7t gives rne reasonable cause to believe that proper 17rcounting remrd5 hove not been kept. or that the obove arcounts do ngt ogree with the records. It was approved bythe membars. Additional notes from the treasurer. 'Our main sources of funding are.. membership fees which are tharged to members,. a fee charged to Ullapool Coastsl Rowing Club forth8 use of our facilitres. and fundraising by members. In 2024 we received a grant from the Ullapool Community Benefft Fund to help wtth legal costs for the Disposition by èx officio trustees of Loch Broom Sailing Club in favour of Loch Broom Sailing Club SCIO. Junior Sailing 4150 charge fee5 for the sailing week and 5trurtured training Sessions to Cover instrurtor fees and Safety boat fuel. Our main outgoings are= Insurance, Electricity and maintenance of the clubhouse and boats. We have successfully applied for an exemption for our water rates under the Scoth"sh Water Charrties Exemption Scheme. LOCH BROOM SAIUNG CLUB SCIO- OSCR Flnanclal Statement To comply with the requirements of OSCR we have also prodU￿d a financial ststement which covers the period 20, March 2024 to 31" December 2024. The Income and Expenditure figufys remain the same as the TreasuTrrs report.. narnely The Gross in¢ome was (£139701 and Expenditure1£9360). To reflect the transition, the balance at the start of the year for the Treasurers report1£61XJ41, is recorded a donation "transfer from an unincorporated club" in the OSCR Financial StatemenL This thon is tsken as the balance at the start of the SCIO. A new bank accountset up for Loch Broom Sailing Club SCIO was initiated on the l January 2025 and the old bank account closed simultaneou51y. L8SC Tnk*t￿ Annual Rgport 2LV0￿4 to 22103r25 Pagg 8 **ADDITIANAL FINANCIAL STATEMENTS** ## **Brief statement of the charity’s policy on reserves** The club has no specific reserves policy, but income and outgoings are reviewed at regular Board meetings. The board will use any significant surplus for specific projects, e.g. refurbishment of shed, clubhouse repairs and purchase of boats and spares. ## **Details of any deficit** Not applicable – The club has always run at a small surplus. ## **Donated facilities and services (if any)** Ad hoc, small donations are made by casual users of the club facilities, The biggest contribution is unpaid time by club members volunteering to support the club, both on the water and in maintaining the clubhouse and surrounding hard standing. Separate documents have been uploaded to OSCR online including - LOCH BROOM SAILING CLUB – Treasurers Report 2024 - Treasurers report signed by independent examiner. - LOCH BROOM SAILING CLUB SCIO – OSCR Financial Statement _LBSC Trustees Annual Report 20/03/24 to 22/03/25_ _Page 9_ Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Slgnaturels) OSGR will8cwt Full namels) Position (e.g. Chair) Commodoie Treasurer Secretary Date 16th July 2025 16th Juty 2025 16th July 2025 L8SC Tnk*t￿ Annual Rgport 2LV0￿4 to 22103r25 Pagg 10 LOCH BROOM SAILING CLUB Treasurer's Report 2024 Income and Expenditure Attount for Year Ended 31 Decernber 2024 Stsiistics 2023 Net IE) 4,159 128 2024 2023 55 In¢ome (£1 Expense {£} 5.547 35 515 1.7CLI Ilet {£) 5,512 515 1.7C 660 151 12.922) 11.4221 12331 527 14281 / 556 1371 f Membership fees IAdylt5 • Juniorsl Donation5, Sundry Sales & 8ank Interest Community 8enefit Fund IAsset Transferl Social Events (Jan + AGM Curries) Social Events (Xmas Dinner) Insurance aubhouse & SUrrour￿5- Note I. Power Boats Skiffs General Ilnc RYA Membership) junior Sailing- Mote 2 Flyin8 Fifteens Moui In85- Nol¢ ? 43 43 1.845. 1.850 2.922 1,422 233 193 428 1,827 37 14.1391 14781 1.075 12341 11471 14541 12COI 12001 12 12.1871 10.105 7,918 720] 17 2,383 J Re8arts I Campbell Cup BroornPower Interest ISa*l Total for the yÈar Bank Balance at Start of year Bank 8alan¢e at end of year 34 300 13370 9Jfjfj 10,608 Idolés Income Expense Net Net Note I Clubhouse & Suirrwnds Improvemenfs Electricity (Scottish Hydrol Water (Business Streaml Clubhouse key5 tquipment Broadband + TV Lic Maintenance Total Note 2 Junlor Sa511n8 Din8hy M•int Equipment tsrant5 Junior Sessions 11ncjun￿r Membership) Training Total 12,5481 13311 12461 I4￿ kwh 835 225 18351 12251 22 12221 14421 15721 14,1391 140 11401 11,4221 IB22 187 11871 11471 129.9611 300 743 13CQI 556 1083 N/ 1161 11.7581 11471 2.383 IJZ7 r40ts 3 Moorin L8MOA Fee Maintenance Rental Fees Total 385. 13851 1280; 300 {851 80 Indepe1￿ent Examination I hereby certify that I have examined the books and records of LcKh Br¢)om Sa51in8 Club for thè year ended 31 December 2024 anc declare that no matter has come to my attention that g￿eS me reasonable cause to believe that proper accountin8 records have no" been kept. or thdt the 3bove accounis do nor a lee with the records. Signed 17.1 Oaie ',q Pry4J tiJbJiCv LN fiJC"eLpE (kLI ¢ El￿ IthASdikns ￿eJe M UA4 LIC(¢￿￿£.