REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2021 |
for |
The Allt Beag Armadale Trust |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2021 |
for |
The Allt Beag Armadale Trust |
The Allt Beag Armadale Trust |
Contents of the Financial Statements |
for the Year Ended 31 December 2021 |
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 | 11 |
The Allt Beag Armadale Trust (Registered number: SC226549) |
Report of the Trustees |
for the Year Ended 31 December 2021 |
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 December 2021. 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). |
ACHIEVEMENT AND PERFORMANCE |
In 2021 the trust applied for funding from North Sutherland Development Trust to erect a deer fence around the poly tunnel and derelict building for safety reasons. £1,953.13 was received in September 2021. |
The work was not carried out until early 2022 due to COVID restrictions and related illness. |
We are now in the process of seeking further funding to upgrade the path to Armadale beach and wild flower garden. We will also apply for funding to improve the fencing of the croft land. |
We will need to look at public liability insurance and would include this in any applications. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The Allt Beag Armadale Trust is a charitable company limited by guarantee. It was incorporated on 21 December 2001 and is governed by its Memorandum and Articles of Association. |
Members of the Board are appointed by members of the company at annual general meetings and are eligible for reappointment. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
The Allt Beag Armadale Trust (Registered number: SC226549) |
Report of the Trustees |
for the Year Ended 31 December 2021 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
Marcus D. MacIver |
Chartered Accountant (ICAS) |
Mackay & Co |
Chartered Accountants |
Unit 8 |
Golspie Business Park |
Golspie |
Sutherland |
KW10 6UB |
PRINCIPAL ACTIVITY |
The charity's principal activity is to develop the croft at 163 Armadale which was purchased in November 2001. |
Phase 1, that of gaining access to Armadale beach via the croft, has been largely achieved. Thanks to generous grants from North Highland Forest Trust, Highland Council and Caithness and Sutherland Enterprise a path was constructed, areas set aside as picnic sites with tables and seating and major tree planting took place. The path is now used by both local people and visitors. |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
The Allt Beag Armadale Trust |
I report on the accounts for the year ended 31 December 2021 set out on pages four to eleven. |
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. |
Marcus D. MacIver |
Chartered Accountant (ICAS) |
Mackay & Co |
Chartered Accountants |
Unit 8 |
Golspie Business Park |
Golspie |
Sutherland |
KW10 6UB |
9 September 2022 |
The Allt Beag Armadale Trust |
Statement of Financial Activities |
for the Year Ended 31 December 2021 |
31.12.21 | 31.12.20 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Investment income | 2 |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 10,543 |
The Allt Beag Armadale Trust (Registered number: SC226549) |
Balance Sheet |
31 December 2021 |
31.12.21 | 31.12.20 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 8 |
Unrestricted funds | 926 |
Restricted funds | 9,617 |
TOTAL FUNDS | 10,543 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Allt Beag Armadale Trust (Registered number: SC226549) |
Balance Sheet - continued |
31 December 2021 |
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 |
The Allt Beag Armadale Trust |
Notes to the Financial Statements |
for the Year Ended 31 December 2021 |
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. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - |
Plant and machinery | - |
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. |
The Allt Beag Armadale Trust |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
2. | INVESTMENT INCOME |
31.12.21 | 31.12.20 |
£ | £ |
Deposit account interest |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.12.21 | 31.12.20 |
£ | £ |
Depreciation - owned assets |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020. |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Investment income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 1,115 | 9,928 |
TOTAL FUNDS CARRIED FORWARD |
926 |
9,617 |
10,543 |
The Allt Beag Armadale Trust |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
6. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
At 1 January 2021 and 31 December 2021 |
DEPRECIATION |
At 1 January 2021 |
Charge for year |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Accrued expenses |
8. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.1.21 | in funds | 31.12.21 |
£ | £ | £ |
Unrestricted funds |
General | 926 | (189 | ) | 737 |
Restricted funds |
Restricted | 9,617 | 1,642 | 11,259 |
TOTAL FUNDS | 1,453 | 11,996 |
The Allt Beag Armadale Trust |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
8. | 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 | 81 | (270 | ) | (189 | ) |
Restricted funds |
Restricted | 1,953 | (311 | ) | 1,642 |
TOTAL FUNDS | ( |
) | 1,453 |
Comparatives for movement in funds |
Net |
movement | At |
At 1.1.20 | in funds | 31.12.20 |
£ | £ | £ |
Unrestricted funds |
General | 1,115 | (189 | ) | 926 |
Restricted funds |
Restricted | 9,928 | (311 | ) | 9,617 |
TOTAL FUNDS | 11,043 | (500 | ) | 10,543 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General | 81 | (270 | ) | (189 | ) |
Restricted funds |
Restricted | - | (311 | ) | (311 | ) |
TOTAL FUNDS | 81 | (581 | ) | (500 | ) |
The Allt Beag Armadale Trust |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
8. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.1.20 | in funds | 31.12.21 |
£ | £ | £ |
Unrestricted funds |
General | 1,115 | (378 | ) | 737 |
Restricted funds |
Restricted | 9,928 | 1,331 | 11,259 |
TOTAL FUNDS | 11,043 | 953 | 11,996 |
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 | 162 | (540 | ) | (378 | ) |
Restricted funds |
Restricted | 1,953 | (622 | ) | 1,331 |
TOTAL FUNDS | 2,115 | (1,162 | ) | 953 |
9. | RELATED PARTY DISCLOSURES |