Badenoch Community Project - Charities report - 22.2
Badenoch Community Project - Charities report - 22.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements For The Year Ended 31st March 2022 |
| for |
| BADENOCH COMMUNITY PROJECT |
| BADENOCH COMMUNITY PROJECT |
| Contents of the Financial Statements |
| For The Year Ended 31st March 2022 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 10 |
| BADENOCH COMMUNITY PROJECT (REGISTERED NUMBER: SC170824) |
| Report of the Trustees |
| For The Year Ended 31st March 2022 |
| 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 31st March 2022. 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 |
| To develop, through leisure time activities, the physical, mental, cultural and spiritual capabilities of younger people and adults in the Badenoch Community. |
| Significant activities |
| During the year ended 31st March 2022 there were no activities. |
| Achievement and performance |
| Charitable activities |
| The 2021 - 2022 year has been a much quieter time compared to when we ran the Talla nan Ros Village Hall from 2004 until 1st April 2018. |
| The plans we had were all put on hold because of Covid-19 but during the summer of 2022 we are now back on track and looking to continue with them. |
| The trustees held an AGM in September 2021 and the same six trustees were re-elected. Sandy MacDonell remains the Chairperson.The organisation is continuing to look at projects locally which meet the aims of the organisation i.e. to advance the education of young people and adults and to help them through leisure time activities to develop their physical, mental and spiritual capacities. |
| The Badenoch Community Project continues to look at whether it can assist with local community projects such as arts and music events, and is also working on finishing a project that we started in 2017 to upgrade the outside front of the Talla nan Ros Village Hall. |
| . |
| Financial review |
| Principal funding sources |
| £115 income was generated during the year ended 31st March 2022 from donations received and this income is to be used to meet the costs of purchasing and installing a wolf statue at the front of the Talla nan Ros Village Hall. |
| Resources expended for the year totalled £1,456 which consisted of support / governance costs (£240) and charitable activities costs (£1,216). |
| . |
| Reserves policy |
| The total reserves now stand at £16,170 and consists of £12,892 unrestricted funds and £3,278 restricted funds. This leaves sufficient funds to enable expenditure to be met and to cover costs without which the charity could not function. |
| Structure, governance and management |
| Governing document |
| Badenoch Community Project is a company limited by guarantee and a registered charity governed by its memorandum and articles of association dated 1996. |
| Recruitment and appointment of new trustees |
| The maximum number of trustees is fifteen and the minimum is two. Trustees are appointed by ordinary resolution at the annual general meeting. One third of the trustees retire at each annual general meeting but are eligible for re-appointment. |
| BADENOCH COMMUNITY PROJECT (REGISTERED NUMBER: SC170824) |
| Report of the Trustees |
| For The Year Ended 31st March 2022 |
| Reference and administrative details |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| In addition to the trustees the following are committee members: |
| Pam Topping |
| Derek Topping |
| Sandra Robertson |
| Independent Examiner |
| Peter A Graham FCCA |
| Goldwells |
| 15-17 High Street |
| Kingussie |
| Inverness-Shire |
| PH21 1HS |
| Conclusion |
| The trustees wish to express their appreciation of the help and generosity which the company receives from its supporters and the public. |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Badenoch Community Project |
| I report on the accounts for the year ended 31st March 2022 set out on pages four to ten. |
| 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. |
| Peter A Graham FCCA |
| Goldwells |
| 15-17 High Street |
| Kingussie |
| Inverness-Shire |
| PH21 1HS |
| Date: ............................................. |
| BADENOCH COMMUNITY PROJECT |
| Statement of Financial Activities |
| For The Year Ended 31st March 2022 |
| 2022 | 2021 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| Income and endowments from |
| Donations and legacies |
| Expenditure on |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) | ( |
) |
| Reconciliation of funds |
| Total funds brought forward |
| Total funds carried forward | 17,511 |
| BADENOCH COMMUNITY PROJECT (REGISTERED NUMBER: SC170824) |
| Balance Sheet |
| 31st March 2022 |
| 2022 | 2021 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| Current assets |
| Debtors | 4 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 5 | ( |
) | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| NET ASSETS |
| Funds | 6 |
| Unrestricted funds | 13,932 |
| Restricted funds | 3,579 |
| Total funds | 17,511 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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. |
| BADENOCH COMMUNITY PROJECT (REGISTERED NUMBER: SC170824) |
| Balance Sheet - continued |
| 31st March 2022 |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| BADENOCH COMMUNITY PROJECT |
| Notes to the Financial Statements |
| For The Year Ended 31st March 2022 |
| 1. | 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. |
| 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. |
| 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. |
| 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. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| 2. | Trustees' remuneration and benefits |
| There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021. |
| BADENOCH COMMUNITY PROJECT |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2022 |
| 3. | Comparatives for the statement of financial activities |
| Unrestricted | Restricted | Total |
| fund | fund | funds |
| £ | £ | £ |
| Income and endowments from |
| Donations and legacies |
| Expenditure on |
| Charitable activities |
| 240 | 282 |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| Reconciliation of funds |
| Total funds brought forward | 14,172 | 3,551 |
| Total funds carried forward | 13,932 | 3,579 | 17,511 |
| 4. | Debtors: amounts falling due within one year |
| 2022 | 2021 |
| £ | £ |
| Prepayments |
| 5. | Creditors: amounts falling due within one year |
| 2022 | 2021 |
| £ | £ |
| Accrued expenses |
| 6. | Movement in funds |
| Net |
| movement | At |
| At 1.4.21 | in funds | 31.3.22 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 13,932 | (1,040 | ) | 12,892 |
| Restricted funds |
| Restricted funds | 3,579 | (301 | ) | 3,278 |
| TOTAL FUNDS | (1,341 | ) | 16,170 |
| BADENOCH COMMUNITY PROJECT |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2022 |
| 6. | 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 | - | (1,040 | ) | (1,040 | ) |
| Restricted funds |
| Restricted funds | 115 | (416 | ) | (301 | ) |
| TOTAL FUNDS | ( |
) | (1,341 | ) |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.4.20 | in funds | 31.3.21 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 14,172 | (240 | ) | 13,932 |
| Restricted funds |
| Restricted funds | 3,551 | 28 | 3,579 |
| TOTAL FUNDS | 17,723 | (212 | ) | 17,511 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | - | (240 | ) | (240 | ) |
| Restricted funds |
| Restricted funds | 310 | (282 | ) | 28 |
| TOTAL FUNDS | 310 | (522 | ) | (212 | ) |
| BADENOCH COMMUNITY PROJECT |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2022 |
| 6. | Movement in funds - continued |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.4.20 | in funds | 31.3.22 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 14,172 | (1,280 | ) | 12,892 |
| Restricted funds |
| Restricted funds | 3,551 | (273 | ) | 3,278 |
| TOTAL FUNDS | 17,723 | (1,553 | ) | 16,170 |
| 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 | - | (1,280 | ) | (1,280 | ) |
| Restricted funds |
| Restricted funds | 425 | (698 | ) | (273 | ) |
| TOTAL FUNDS | 425 | (1,978 | ) | (1,553 | ) |
| 7. | Related party disclosures |