Berneray Development Group - Charities report - 22.2
Berneray Development Group - Charities report - 22.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Financial Statements for the Year Ended 31 March 2022 |
| for |
| BERNERAY DEVELOPMENT GROUP |
| BERNERAY DEVELOPMENT GROUP |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2022 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 | to | 8 |
| BERNERAY DEVELOPMENT GROUP (REGISTERED NUMBER: SC238574) |
| Report of the Trustees |
| for the Year Ended 31 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 31 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 |
| The primary objects and aims of the charity are the provision and promotion of the following in Berneray and surrounding area for the benefit of the general public: |
| - social welfare facilities for recreation and leisure with a view to improving conditions of life; |
| - advance education and learning, and protect and preserve the environment; |
| - advance local history, provide base for research/display of local photographs and documents; |
| - to promote Berneray and surrounding area trade and industry for the benefit of the general public; |
| - to promote, establish, operate and/or support other schemes and projects of a charitable nature of benefit to the |
| community of Berneray and surrounding area. |
| Significant activities |
| Berneray Development Group continues to support community projects and operates the following on behalf of the local community: |
| - Community skip and recycling on behalf of the Comhairle; |
| - Provides support to the Berneray Historical Society through the provision of premises to operate a Visitor information centre and provide Gaelic classes; |
| - Support to a range of community and volunteer groups through provision of premises; |
| - The cutting of roadside grass verges; |
| - Maintenance of Seal View visitor attractions; |
| - Maintenance of the war memorial; |
| - Running the community website - www.isleofberneray.com; |
| - Management and maintenance of Nurses Cottage. |
| Volunteers |
| The organisation could not function without the active support of Volunteers, to whom thanks must be given: |
| Grasscutting and other activities are carried out on a Volunteer basis. |
| The posts of Chair, Secretary and Treasurer and all Board members are filled by volunteers. |
| FINANCIAL REVIEW |
| Reserves policy |
| Berneray Development Group's reserves policy is to ensure good control of finances and to make sure that the Group has sufficient financial reserves to cover regular operating costs and to make certain adequate reserves are in place to provide for unforeseen operating situations. |
| The directors carry out a financial risk assessment of all potential projects and ensure that adequate funding is in place before proceeding. |
| Regular meetings are held to establish that the group is in a healthy financial condition. |
| FUTURE PLANS |
| Berneray Development Group will continue to seek new means by which it can carry out its objectives and activities. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The Trust is incorporated as a company limited by guarantee, incorporated on 23 October 2002. It was granted recognition by HM Revenue & Customs as a charity on 1 March 2004. |
| The objects and powers of the Trust are set out in its Memorandum of Association, in terms of which its principal purpose is to further the redevelopment of the Island of Berneray. |
| BERNERAY DEVELOPMENT GROUP (REGISTERED NUMBER: SC238574) |
| Report of the Trustees |
| for the Year Ended 31 March 2022 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Recruitment and appointment of new trustees |
| Members appoint the people they believe will run the company well on their behalf and this appointment is normally done in general meeting. |
| Restrictions that prevent anyone becoming a director are: |
| - the person must not have been disqualified by a court from acting as a company director, |
| - the person must not be an undischarged bankrupt, |
| - anyone under the age of 16. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Mann Judd Gordon Ltd |
| Chartered Accountants |
| 26 Lewis Street |
| Stornoway |
| Isle of Lewis |
| HS1 2JF |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Berneray Development Group |
| I report on the accounts for the year ended 31 March 2022 set out on pages four to eight. |
| 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. |
| John E Moffat BA FCA |
| Institute of Chartered Accountants in England & Wales |
| Mann Judd Gordon Ltd |
| Chartered Accountants |
| 26 Lewis Street |
| Stornoway |
| Isle of Lewis |
| HS1 2JF |
| 12 December 2022 |
| BERNERAY DEVELOPMENT GROUP |
| Statement of Financial Activities |
| for the Year Ended 31 March 2022 |
| 31.3.22 | 31.3.21 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| EXPENDITURE ON |
| Charitable activities | 2 |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 6,273 |
| BERNERAY DEVELOPMENT GROUP (REGISTERED NUMBER: SC238574) |
| Balance Sheet |
| 31 March 2022 |
| 31.3.22 | 31.3.21 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| CURRENT ASSETS |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 6 |
| Unrestricted funds | 6,273 |
| TOTAL FUNDS | 6,273 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 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. |
| 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 |
| BERNERAY DEVELOPMENT GROUP |
| Notes to the Financial Statements |
| for the Year Ended 31 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. |
| 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. | CHARITABLE ACTIVITIES COSTS |
| Support |
| costs |
| £ |
| Governance costs | 222 |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. |
| BERNERAY DEVELOPMENT GROUP |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2022 |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | fund | funds |
| £ | £ | £ |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 6,273 | - |
| TOTAL FUNDS CARRIED FORWARD | 6,273 | - | 6,273 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.22 | 31.3.21 |
| £ | £ |
| Other creditors |
| Accrued expenses |
| 6. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.4.21 | in funds | 31.3.22 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 6,273 | (222 | ) | 6,051 |
| TOTAL FUNDS | (222 | ) | 6,051 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | - | (222 | ) | (222 | ) |
| TOTAL FUNDS | ( |
) | (222 | ) |
| BERNERAY DEVELOPMENT GROUP |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2022 |
| 7. | RELATED PARTY DISCLOSURES |