The Carloway Community Association - Charities report - 22.2
The Carloway Community Association - Charities report - 22.2
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Financial Statements for the Year Ended 31 March 2023 |
for |
| THE CARLOWAY COMMUNITY ASSOCIATION |
THE CARLOWAY COMMUNITY ASSOCIATION |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 15 |
THE CARLOWAY COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC409253) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. 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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
| The company's objects are: |
| (a) To promote the well-being of the community resident in the Carloway Community Association catchment area (Tolsta a'Chaolais to Dalmore) without distinction of sex or of politics, religion or other opinions, by associating with the Local Authority, Partner Organisations and Residents and Businesses in a common effort to further health, to advance education, to promote a meeting place and facilities for physical and mental training and recreation and social, moral and intellectual development, and to foster a community spirit for the achievement of these and other such |
| objects as may by law be deemed to be charitable; |
| (b) To maintain and manage a community owned and community led facility, for the advancement of such environmental, cultural, heritage, sporting, social or other activities as may be promoted by the Company and its constituent bodies in furtherance of the above objects, or any of them. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
| It was another very busy year for the Carloway Community Association (CCA). From April onwards the Board and officers dealt with a myriad of issues relating to the redevelopment including ongoing issues around Covid-19, contract variations, extension of time claims and their handling by others. Many issues were frustrating and out with our immediate control resulting in the handover of the building being delayed by several months - with a knock-on effect to the opening of our Community Shop. We finally received a temporary certificate of occupation at the end of January 2023 and re-opened our doors to the Community on 11 February. |
| A successful funding bid to the Scottish Government Place Based Investment Programme was a huge boost to the costs of the shop fitout. Grants from the Peoples Postcode Lottery and the Prince's Countryside Fund made it possible for us to appoint a shop manager. After extensive advertising we appointed a shop manager who took up post just before the end of the financial year. |
| CCA continued to operate from the former care unit at 1 Lios na Glibe and provide offices for CCA and for Urras Oighreachd Chàrlabhaigh (Carloway Estate Trust). We also continued to run our "Pop-up Shop" established during the early days for the Covid-19 pandemic. Due to the generosity of our local Doune Braes Hotel, the annual Senior Citizens Christmas went ahead once again, and we managed to deliver over 100 hot meals to our older residents across the community. Sadly, funding for our Social Inclusion Officer ceased in June 2022 but we were successful in gaining funding from Bòrd na Gàidhlig to employ a Gaelic Officer. |
FINANCIAL REVIEW |
Reserves policy |
| The principle funding source for the Charity continues to be hall letting income, local government grants and fundraising activities income. The directors of the charity will continue to maintain the previous policy to hold at least £5,000 in a Reserve Account which is yet to be opened. The current holdings in the single account for the charity are in excess of this reserve. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
Carloway Community Association incorporated as a Company Limited by Guarantee on 12 October 2011 (Company no SC409253). |
The organisation was constituted as an unincorporated charity at an A.G.M. at Carloway Community Centre on 15 December 1998. The constitution was subsequently amended on 8 January 2003, and on 19 July 2007. On 27 January 2018 at a special EGM called by Directors, new Articles of Association were approved by Members. These have now been lodged at Companies House and with the Office of the Scottish Charity Regulator (OSCR). The Articles broadly reflect the previous Articles but extend the Objects with the inclusion of the former School site. |
THE CARLOWAY COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC409253) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Recruitment and appointment of new trustees |
| The maximum number of directors shall be 12 of whom no more than 4 may be co-opted, and no more than 3 Nominated. The minimum number of Directors shall be 4, of whom 2 must be elected. One third of the Elected Directors shall be subject to retirement annually at every General Meeting but shall be eligible for re-election. The Elected Directors of the Company shall be elected by the Members at the Annual General Meeting. |
Organisational structure |
| In addition to the Board of Directors, membership of the Association is open to Ordinary, Junior, Nominated and Associate Members, and the Articles allow for formalising this. Directors may, at their discretion, refuse to admit any person to membership. Membership will not be refused or withheld without good cause and explanation, and membership may not be refused, restricted or withheld on the basis of gender, age (except where section 12(ii) applies), ethnic background, disability, caring responsibilities, sexual orientation, religious belief or marital status. |
Risk management |
| The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
| A risk management policy is maintained by the charity and reviewed periodically. The trustees have assessed the 3 main risk for the year ended 31 March 2023 to be: |
| Increasing project costs - partly due to Covid-19 and Brexit effects - savings were considered and made throughout the project. Loss of potential income to the charity due to delays in redevelopment - projections have been kept under review. Reputation damage in community - the charity has kept the community informed about delays through the monthly community newsletter. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
THE CARLOWAY COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC409253) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
A Cumming |
Mann Judd Gordon Ltd |
Chartered Accountants |
26 Lewis Street |
Stornoway |
Isle of Lewis |
HS1 2JF |
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
| The trustees (who are also the directors of The Carloway Community Association for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
| Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
| - | select suitable accounting policies and then apply them consistently; |
| - | observe the methods and principles in the Charity SORP; |
| - | make judgements and estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
| The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
The Carloway Community Association |
I report on the accounts for the year ended 31 March 2023 set out on pages five to fifteen. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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 view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
A Cumming |
The Institute of Chartered Accountants of Scotland |
Mann Judd Gordon Ltd |
Chartered Accountants |
26 Lewis Street |
Stornoway |
Isle of Lewis |
HS1 2JF |
8 November 2023 |
THE CARLOWAY COMMUNITY ASSOCIATION |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
for the Year Ended 31 March 2023 |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Endowment | Total | Total |
funds | funds | fund | funds | funds |
Notes | £ | £ | £ | £ | £ |
INCOME AND | ENDOWMENTS FROM |
Donations and legacies | 3 |
Other trading activities | 4 | 9,853 | - | - | 9,853 | 12,341 |
Other income | - | - | - | - | 34,099 |
Total |
EXPENDITURE ON |
Raising funds | 6,557 | - | - | 6,557 | 7,550 |
Charitable activities |
Charitable activities | 23,966 | 8,598 | - | 32,564 | 89,611 |
Total |
NET INCOME/(EXPENDITURE) | (19,628 | ) | 400,227 | - | 380,599 | 879,309 |
RECONCILIATION OF | FUNDS |
Total funds brought forward | 21,852 | 1,064,248 | - | 1,086,100 | 206,791 |
TOTAL FUNDS CARRIED FORWARD | 1,086,100 |
THE CARLOWAY COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC409253) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.3.22 |
Unrestricted | Restricted | Endowment | Total | Total |
funds | funds | fund | funds | funds |
Notes | £ | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 9 |
Investments | 10 |
CURRENT ASSETS |
Debtors | 11 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 12 | ( | ) | ( | ) | ( | ) | ( | ) |
NET CURRENT ASSETS | ( | ) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 13 | ( | ) | ( | ) |
NET ASSETS |
FUNDS | 15 |
Unrestricted funds | 21,852 |
Restricted funds | 1,064,248 |
TOTAL FUNDS | 1,086,100 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
THE CARLOWAY COMMUNITY ASSOCIATION (REGISTERED NUMBER: SC409253) |
Balance Sheet - continued |
31 March 2023 |
The financial statements were approved by the Board of Trustees and authorised for issue on |
THE CARLOWAY COMMUNITY ASSOCIATION |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
The Carloway Community Association is a charitable company limited by guarantee, registered in Scotland. The charitable company's registered number and registered office address can be found on the Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. |
The presentation currency of the accounts is Pound sterling (£). The accounts are rounded to the nearest £1. |
Going Concern |
The Charity is a going concern and there are no material uncertainties casting significant doubt over its ability to continue as a going concern. |
Preparation of consolidated financial statements |
The financial statements contain information about The Carloway Community Association as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
The financial statements contain information about The Carloway Community Association as an individual charity and do not contain consolidated financial information as the parent of a group. The subsidiary company has been dormant since incorporation. |
Critical accounting judgements and key sources of estimation uncertainty |
| The areas of the accounts where significant judgements and estimates are used are as follows: |
| - Fixed assets - estimates are made of both the useful economic life of assets and of any residual value attached to those assets which in turn determines the depreciation rates and charges in the accounts. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Income from government and other grants, whether capital grants or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Long leasehold | - |
THE CARLOWAY COMMUNITY ASSOCIATION |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Improvements to property | - |
Computer equipment | - |
| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Debtors and creditors |
| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. |
| Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. |
3. | DONATIONS AND LEGACIES |
31.3.23 | 31.3.22 |
£ | £ |
Donations |
Gift aid |
Grants |
Caraidean Charlabhaigh | - | 483 |
THE CARLOWAY COMMUNITY ASSOCIATION |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
3. | DONATIONS AND LEGACIES - continued |
Grants received, included in the above, are as follows: |
31.3.23 | 31.3.22 |
£ | £ |
Comhairle nan Eilean Siar | 246,037 | 573,028 |
Highlands and Islands Enterprise | 37,286 | 115,389 |
Board na Gaidhlig | - | 24,000 |
Scottish Government | 87,027 | 36,622 |
Western Isles Development Trust | - | 15,000 |
Roberston Trust | - | 130,000 |
Scottish Landfill Community Fund | - | 20,000 |
Inspiring Scotland | - | 9,785 |
People's Postcode Lottery | 24,360 | - |
The Prince's Countryside Fund | 12,500 | - |
Westside Lottery | 877 | - |
408,087 | 923,824 |
4. | OTHER TRADING ACTIVITIES |
31.3.23 | 31.3.22 |
£ | £ |
Hall lettings | 2,850 | 2,400 |
Auction & other income | 124 | 21 |
COVID shop income | 6,879 | 8,499 |
Cafe income | - | 1,421 |
5. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.23 | 31.3.22 |
£ | £ |
Auditors' remuneration | - | 3,000 |
Auditors' remuneration for non audit work | 2,743 | 2,326 |
Depreciation - owned assets |
6. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
THE CARLOWAY COMMUNITY ASSOCIATION |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
7. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
31.3.23 | 31.3.22 |
Local Development Officer |
8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Endowment | Total |
funds | funds | fund | funds |
£ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities | 12,341 | - | - | 12,341 |
Other income | 34,099 | - | - | 34,099 |
Total |
EXPENDITURE ON |
Raising funds | 7,550 | - | - | 7,550 |
Charitable activities |
Charitable activities | 60,694 | 28,917 | - | 89,611 |
Total |
NET INCOME/(EXPENDITURE) | (19,151 | ) | 898,460 | - | 879,309 |
RECONCILIATION OF FUNDS |
Total funds brought forward | 41,004 | 165,787 | - | 206,791 |
TOTAL FUNDS CARRIED FORWARD | 21,853 | 1,064,247 | - | 1,086,100 |
THE CARLOWAY COMMUNITY ASSOCIATION |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
9. | TANGIBLE FIXED ASSETS |
Improvements |
Long | to | Computer |
leasehold | property | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
10. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
MARKET VALUE |
At 1 April 2022 and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 | 1 |
At 31 March 2022 | 1 |
There were no investment assets outside the UK. |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Registered office: Carloway Community Centre, Knock, Carloway, Isle Of Lewis, Scotland, HS2 9AU |
Nature of business: Dormant |
% |
Class of share: | holding |
£ | £ |
Aggregate capital and reserves |
THE CARLOWAY COMMUNITY ASSOCIATION |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
VAT |
Prepayments and accrued income |
Prepayments |
12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
VAT | 2,455 | - |
Creditors and accruals |
13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Other loans (see note 14) | - |
14. | LOANS |
An analysis of the maturity of loans is given below: |
31.3.23 | 31.3.22 |
£ | £ |
Amounts falling between one and two years: |
CnES loan |
15. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 21,852 | (19,628 | ) | 2,224 |
Restricted funds |
Capital fund | 1,020,755 | 368,025 | 1,388,780 |
General fund | 19,493 | 32,202 | 51,695 |
Gaelic Officer | 24,000 | - | 24,000 |
400,227 |
TOTAL FUNDS | 380,599 | 1,466,699 |
THE CARLOWAY COMMUNITY ASSOCIATION |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
15. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 10,895 | (30,523 | ) | (19,628 | ) |
Restricted funds |
Capital fund | 371,964 | (3,939 | ) | 368,025 |
General fund | 36,861 | (4,659 | ) | 32,202 |
( | ) | 400,227 |
TOTAL FUNDS | ( | ) | 380,599 |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.21 | in funds | 31.3.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 41,004 | (19,152 | ) | 21,852 |
Restricted funds |
Capital fund | 157,938 | 862,817 | 1,020,755 |
General fund | 7,849 | 11,644 | 19,493 |
Gaelic Officer | - | 24,000 | 24,000 |
165,787 | 898,461 | 1,064,248 |
TOTAL FUNDS | 206,791 | 879,309 | 1,086,100 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 49,093 | (68,245 | ) | (19,152 | ) |
Restricted funds |
Capital fund | 866,756 | (3,939 | ) | 862,817 |
General fund | 36,621 | (24,977 | ) | 11,644 |
Gaelic Officer | 24,000 | - | 24,000 |
927,377 | (28,916 | ) | 898,461 |
TOTAL FUNDS | 976,470 | (97,161 | ) | 879,309 |
THE CARLOWAY COMMUNITY ASSOCIATION |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
15. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.4.21 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 41,004 | (38,780 | ) | 2,224 |
Restricted funds |
Capital fund | 157,938 | 1,230,842 | 1,388,780 |
General fund | 7,849 | 43,846 | 51,695 |
Gaelic Officer | - | 24,000 | 24,000 |
165,787 | 1,298,688 | 1,464,475 |
TOTAL FUNDS | 206,791 | 1,259,908 | 1,466,699 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 59,988 | (98,768 | ) | (38,780 | ) |
Restricted funds |
Capital fund | 1,238,720 | (7,878 | ) | 1,230,842 |
General fund | 73,482 | (29,636 | ) | 43,846 |
Gaelic Officer | 24,000 | - | 24,000 |
1,336,202 | (37,514 | ) | 1,298,688 |
TOTAL FUNDS | 1,396,190 | (136,282 | ) | 1,259,908 |
16. | RELATED PARTY DISCLOSURES |
17. | ULTIMATE CONTROLLING PARTY |
| There is no ultimate controlling party. |