2025-06-30-accounts

REGISTERED CHARITY NUMBER: §C053325

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 2 MAY 2024 TO 30 JUNE 2025

FOR THE FOGGIE NEUK

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Ritsons CA 15 Boyndie Street Banff Aberdeenshire AB45 1DY

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THE FOGGIE NEUK

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 2 MAY 2024 TO 30 JUNE 2025 eeee eer

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|||||||| |---|---|---|---|---|---|---| |Page| |Report of the Trustees|1|to|3| |Independent Examiner's Report|4| |Statement|of Financial|Activities|5| |Balance|Sheet|6| |Notes|to|the Financial|Statements|7|to|9| |Detailed|Statement of Financial Activities|10|

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THE FOGGIE NEUK

REPORT OF THE TRUSTEES FOR THE PERIOD 2 MAY 2024 TO 30 JUNE 2025 yeee eee ee ne ee ee ee

The trustees present their report with the financial statements of the charity for the period 2 May 2024 to 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Introduction The Trustees of The Foggie Neuk are delighted to present our annual report, reflecting a year of significant progress, community empowerment, and deepening local impact. As always, our mission remains clear: to provide a welcoming, accessible, and vibrant space at the heart of the village, one that supports local enterprise, nurtures community spirit, and ensures everyone has a place to gather, learn, socialise, and grow.

Our Story: A Year of Growth and Community Strength

The Foggie Neuk continues to thrive as a vital hub for our village. The venue is used every single day, serving a wide range of business hires as well as community activities that bring people of all ages together. From children's groups and fitness sessions to craft clubs, business meetings, workshops, and our cherished regular markets, The Foggie Neuk remains a place where life in the village connects and flourishes. We hear constantly from members of the public how essential we are, how our markets allow them to shop locally when public transport is limited, how the venue gives them access to services and activities they would otherwise struggle to reach, and how being able to gather in a warm, welcoming space improves their wellbeing. These comments reaffirm what we as Trustees know deeply: The Foggie Neuk is more than a building; it is a lifeline for many and a cornerstone of village life.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Achievements and Community Impact

This year has been marked by significant achievements that strengthen our ability to serve the village:

Successful Scottish Land Fund Grant: We were awarded funding that enabled us to purchase the building and bring The Foggie Neuk into full community ownership, while also providing a one-year salary for our administrator.

Appointment of an Administrator: This role has transformed our operational capacity, ensuring the smooth running of bookings, invoicing, accounts, health and safety processes, and general upkeep. Grant Funding for Equipment: We secured additional grant support to purchase new equipment that can be hired by community members and local businesses. This has expanded the versatility of the venue and increased opportunities for events and activities.

Grant Funding for Electricity Costs: We also received funding to cover our electricity bills for two years, an enormous relief during a period of rising energy costs. This support allows us to keep the space warm, welcoming, and affordable for all users.

These achievements, combined with the unwavering support of our community, have strengthened The Foggie Neuk's foundations and enabled us to grow our offering in ways that directly benefit local residents and businesses.

FINANCIAL REVIEW

Financial overview

The total income for 24-25 was £80,421 and the expenditure was £26,353.

The combination of grant funding, market income, business hire fees, and community support has placed us in a significantly more secure financial position. The elimination of rent costs and the funding of utility bills has allowed us to reinvest more deeply into improving the venue and planning sustainably for the future.

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THE FOGGIE NEUK REPORT OF THE TRUSTEES FOR THE PERIOD 2 MAY 2024 TO 30 JUNE 2025 Sneeeee FINANCIAL REVIEW

Reserves policy ae Foggie Neuk operates two types of Reserve. A General Reserve with a balance at the year end of £158 is used to und day to day operations, and a Restricted Reserve with a balance at the year of £53,910 which has been received for a specific purpose or project.

FUTURE PLANS Looking Ahead

The coming year presents exciting new opportunities for development, partnership, and community growth. With the venue now in full community ownership, we are ready to explore improvements to accessibility, capacity, and the overall user experience. We aim to continue deepening our connections with local groups and businesses to offer even more diverse and responsive programmes.

A key highlight for the future is our collaboration with Your Vibe Events. Together, we plan to launch a series of food, drink, and craft tours in 2026, celebrating local producers, artisans, and creators. This initiative will not only champion local talent but also attract visitors, support local enterprise, and showcase the vibrancy of our village. Looking ahead, our funding priorities will focus strongly on food, drink, and green spaces, three areas that reflect both community interest and local heritage. One of our most exciting ambitions is to bring these themes together in a meaningful and sustainable project.

The Trustees are exploring the possibility of transforming the land on North Street, where the Memorial Hall once stood, into community allotments. This green space would offer opportunities for growing food, learning new skills, and bringing generations together. The plan includes creating a secure, well-managed area with a designated caretaker role to oversee the site and support plot holders. This would represent a major step toward increasing local access to fresh produce, encouraging outdoor activity, and nurturing environmental stewardship within the village.

Sustaining our administrator post beyond the funded year remains a stability has already proved essential.

strategic priority, as its value for operational

Conclusion

The Trustees are deeply proud of what has been achieved over the past year. The Foggie Neuk stands as a testament to what a community can accomplish when it comes together with passion, vision, and care.

To our supporters, volunteers, business users, funders, and every person who walks through our doors, thank you. Your encouragement and belief in The Foggie Neuk make all the difference. Together, we look ahead with optimism, energy, and a shared commitment to nurturing a place that truly belongs to its community. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes a Scottish Charitable Incorporated Association (SCIO).

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Recruitment and appointment of new trustees Any person, nominated individual or body who/which wishes to become a Charity Trustee must sign a written application for Charity Trusteeship, which will then be considered by the Board at its next board meeting. The Board will notify each applicant promptly in writing of its decision.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number $C053325

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i INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FOGGIE NEUK eeee ee ee Independent examiner's report to the trustees of The Foggie Neuk I report to the charity trustees on my examination of the accounts of The Foggie Neuk (the Trust) for the period. 2 May 2024 to 30 June 2025,

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with‘ the requirements of the Charities Act 2011 (‘the Act’). myI report in respect of my examination of the Trust's accounts carried out under Section 145 of the Actand in carrying out examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with; the examination giving me cause to believe that in any material respect:

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1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set
out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give 4
a true and fair view which is not a matter considered as part of an independent examination,
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I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Ritsons CA

15 Boyndie Street Banff Aberdeenshire Date:AB45 IDYee| \ wo.

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THE FOGGIE NEUK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 2 MAY 2024 TO 30 JUNE 2025

INCOMEANDENDOWMENTSFROM	Notes	Unrestricted fund £	Restricted fund £	Total funds £
Donationsandlegacies		3,992	-	3,992
Charitableactivities
General		820	65,516	66,336
Othertradingactivities Investmentincome Total	2 3	3,683 6,410 14,905	- : 65,516	3,683 6,410 80,421
EXPENDITUREON
Charitableactivities
General		14,747	11,606	26,353
NETINCOME		158	53,910	54,068
TOTALFUNDSCARRIEDFORWARD		158 =	53,910 ——__	54,068 ———

The notes form part of these financial statements

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THE FOGGIE NEUK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 2 MAY 2024 TO 30 JUNE 2025

	£
INCOMEANDENDOWMENTS
Donationsand legacies
Donations	3,992
Othertradingactivities
Fundraising events	3,683
Investmentincome
Rentsreceived	6,410
Charitable activities
Grants	66,336
Totalincomingresources	80,421
EXPENDITURE		~»)
Charitable activities
Ratesand water Insurance Lightandheat Postage and stationery Advertising Sundries Rent Maintenance Tools&equipment Subscriptions Cleaning	93 654 4,772 33 570 577 4,800 70 630 760 160
	13,119
Support costs
Management
Plantandmachinery	461
Governancecosts
Accountancy and legal fees Total resourcesexpended Netincome	12,773 26,353 54,068 ——_—	B

This page does not form part of the statutory financial statements

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