IRIS Accounts Production v23.1.5.20 Other Company accounts True false Pounds 1.4.22 31.3.23 31.3.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1570352022-03-31SC1570352023-03-31SC1570352022-04-012023-03-31SC1570352021-03-31SC1570352021-04-012022-03-31SC1570352022-03-31SC157035ns22:CharitableCompanyLimitedByGuarantee2022-04-012023-03-31SC157035ns15:PoundSterling2022-04-012023-03-31SC157035ns11:FRS1022022-04-012023-03-31SC157035ns11:IndependentExaminationCharity2022-04-012023-03-31SC157035ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-31SC157035ns11:FullAccounts2022-04-012023-03-31SC157035ns11:CharitiesSORP2022-04-012023-03-31SC157035ns16:EnglandWales2022-04-012023-03-31SC157035ns11:RegisteredOffice2022-04-012023-03-31SC157035ns22:Trustee12022-04-012023-03-31SC157035ns22:Trustee22022-04-012023-03-31SC157035ns22:Trustee32022-04-012023-03-31SC157035ns22:Trustee42022-04-012023-03-31SC157035ns22:Trustee52022-04-012023-03-31SC157035ns22:Trustee62022-04-012023-03-31SC157035ns22:Trustee72022-04-012023-03-31SC157035ns22:Trustee82022-04-012023-03-31SC157035ns22:Trustee92022-04-012023-03-31SC157035ns22:Trustee102022-04-012023-03-31SC157035ns22:Trustee112022-04-012023-03-31SC157035ns11:CompanySecretary12022-04-012023-03-31SC157035ns22:TotalUnrestrictedFunds2022-04-012023-03-31SC157035ns22:TotalRestrictedIncomeFunds2022-04-012023-03-31SC157035ns22:Activity82022-04-012023-03-31SC157035ns22:TotalUnrestrictedFundsns22:Activity82022-04-012023-03-31SC157035ns22:Activity8ns22:TotalRestrictedIncomeFunds2022-04-012023-03-31SC157035ns22:Activity82021-04-012022-03-31SC157035ns22:TotalUnrestrictedFunds2022-03-31SC157035ns22:TotalRestrictedIncomeFunds2022-03-31SC157035ns22:TotalUnrestrictedFunds2023-03-31SC157035ns22:TotalRestrictedIncomeFunds2023-03-31SC157035ns22:TotalUnrestrictedFundsns6:WithinOneYear2023-03-31SC157035ns22:TotalRestrictedIncomeFundsns6:WithinOneYear2023-03-31SC157035ns6:WithinOneYear2023-03-31SC157035ns6:WithinOneYear2022-03-31SC157035ns6:AfterOneYearns22:TotalUnrestrictedFunds2023-03-31SC157035ns6:AfterOneYearns22:TotalRestrictedIncomeFunds2023-03-31SC157035ns6:AfterOneYear2023-03-31SC157035ns6:AfterOneYear2022-03-31SC15703522022-04-012023-03-31SC15703512022-04-012023-03-31SC15703512021-04-012022-03-31SC157035ns22:TotalUnrestrictedFunds2021-04-012022-03-31SC157035ns22:TotalRestrictedIncomeFunds2021-04-012022-03-31SC157035ns22:TotalUnrestrictedFundsns22:Activity82021-04-012022-03-31SC157035ns22:Activity8ns22:TotalRestrictedIncomeFunds2021-04-012022-03-31
REGISTERED COMPANY NUMBER: SC157035 (Scotland)
REGISTERED CHARITY NUMBER: 029710














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Machars Action Ltd.
Machars Action Ltd.

Machars Action Ltd.
Machars Action Ltd.






Contents of the Financial Statements
for the Year Ended 31 March 2023




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

Machars Action Ltd. (Registered number: SC157035)
Machars Action Ltd.

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).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC157035 (Scotland)

Registered Charity number
029710

Registered office
26 South Main Street
Wigtown
Newton Stewart
Dumfries & Galloway
DG8 9EH

Trustees
K M Dean Cleaner
Mrs J R Harkes Retiree
R A Kay Retired
Ms M Maltman Retired
R W H Richmond Retired
Mrs K Walker Currie Gardener
Ms M Sneddon
A Tilton
Mrs N Court
Ms C Hill
D Inglis

Company Secretary
Dr C A Lochrie

Independent Examiner
Gordon Reid Accountancy
The Cottage
Auchenmalg
Glenluce
Newton Stewart
Dumfries & Galloway
DG8 0JR

Approved by order of the board of trustees on 31 May 2023 and signed on its behalf by:






Machars Action Ltd. (Registered number: SC157035)
Machars Action Ltd.

Report of the Trustees
for the Year Ended 31 March 2023

K M Dean - Trustee

Independent Examiner's Report to the Trustees of
Machars Action Ltd.

Independent examiner's report to the trustees of Machars Action Ltd. ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Gordon Reid

Gordon Reid Accountancy
The Cottage
Auchenmalg
Glenluce
Newton Stewart
Dumfries & Galloway
DG8 0JR

Date: .............................................

Machars Action Ltd.
Machars Action Ltd.

Statement of Financial Activities
for the Year Ended 31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 - 3 -

Charitable activities
Grant Income 45,841 - 45,841 6,554

Other trading activities 2 84,948 - 84,948 117,360
Other income 690 - 690 300
Total 131,482 - 131,482 124,214

EXPENDITURE ON
Raising funds 2,376 - 2,376 1,241

Charitable activities
Grant Income 115,968 - 115,968 121,387

Other - - - 1,224
Total 118,344 - 118,344 123,852

NET INCOME 13,138 - 13,138 362
Other recognised gains/(losses)
Actuarial gains/(losses) on defined benefit
schemes

(10,330

)

-

(10,330

)

(672

)
Net movement in funds 2,808 - 2,808 (310 )

RECONCILIATION OF FUNDS
Total funds brought forward (115 ) (1,895 ) (2,010 ) (1,700 )

TOTAL FUNDS CARRIED FORWARD 2,693 (1,895 ) 798 (2,010 )

Machars Action Ltd. (Registered number: SC157035)
Machars Action Ltd.

Balance Sheet
31 March 2023

31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Debtors 6 - - - 272
Cash at bank and in hand 27,656 (1,970 ) 25,686 23,079
27,656 (1,970 ) 25,686 23,351

CREDITORS
Amounts falling due within one year 7 (9,087 ) 75 (9,012 ) (9,485 )

NET CURRENT ASSETS/(LIABILITIES) 18,569 (1,895 ) 16,674 13,866

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,569

(1,895

)

16,674

13,866

CREDITORS
Amounts falling due after more than one year 8 (15,876 ) - (15,876 ) (15,876 )

NET ASSETS 2,693 (1,895 ) 798 (2,010 )
FUNDS 9
Unrestricted funds 2,693 (115 )
Restricted funds (1,895 ) (1,895 )
TOTAL FUNDS 798 (2,010 )

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.


Machars Action Ltd. (Registered number: SC157035)
Machars Action Ltd.

Balance Sheet - continued
31 March 2023

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 31 May 2023 and were signed on its behalf by:





K M Dean - Trustee

Machars Action Ltd.
Machars Action Ltd.

Notes to the Financial Statements
for the Year Ended 31 March 2023

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.

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.

2. OTHER TRADING ACTIVITIES
31.3.23 31.3.22
£    £   
Shop income 5,247 3,555
Rental Income 21,314 19,705
Salaries Recharges 37,973 43,814
Admin Recharges 20,414 50,286
84,948 117,360


Machars Action Ltd.
Machars Action Ltd.

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. 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.


4. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.23 31.3.22
Administration 8 6

No employees received emoluments in excess of £60,000.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1 (1 ) -

Charitable activities
Grant Income 6,554 - 6,554

Other trading activities 117,360 - 117,360
Other income 300 - 300
Total 124,215 (1 ) 124,214

EXPENDITURE ON
Raising funds 14 1,227 1,241

Charitable activities
Grant Income 104,714 16,673 121,387

Other 1,224 - 1,224
Total 105,952 17,900 123,852

NET INCOME/(EXPENDITURE) 18,263 (17,901 ) 362
Transfers between funds (16,006 ) 16,006 -
Other recognised gains/(losses)
Actuarial gains/(losses) on defined benefit
schemes

(672

)

-

(672

)
Net movement in funds 1,585 (1,895 ) (310 )

Machars Action Ltd.
Machars Action Ltd.

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£    £    £   

RECONCILIATION OF FUNDS
Total funds brought forward (1,700 ) - (1,700 )

TOTAL FUNDS CARRIED FORWARD (115 ) (1,895 ) (2,010 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 272

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 4,949 780
Permits 2,712 2,712
Social security and other taxes 1,036 5,678
MAC-AN Account 315 315
9,012 9,485

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 5,876 5,876
Other creditors 10,000 10,000
15,876 15,876

9. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund (115 ) 2,808 2,693

Restricted funds
Funds Restricted (1,895 ) - (1,895 )

TOTAL FUNDS (2,010 ) 2,808 798

Machars Action Ltd.
Machars Action Ltd.

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 131,482 (118,344 ) (10,330 ) 2,808

TOTAL FUNDS 131,482 (118,344 ) (10,330 ) 2,808


Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
£    £    £    £   
Unrestricted funds
General fund (1,700 ) 17,591 (16,006 ) (115 )

Restricted funds
Funds Restricted - (17,901 ) 16,006 (1,895 )

TOTAL FUNDS (1,700 ) (310 ) - (2,010 )

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 124,215 (105,952 ) (672 ) 17,591

Restricted funds
Funds Restricted (1 ) (17,900 ) - (17,901 )

TOTAL FUNDS 124,214 (123,852 ) (672 ) (310 )

Machars Action Ltd.
Machars Action Ltd.

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General fund (1,700 ) 20,399 (16,006 ) 2,693

Restricted funds
Funds Restricted - (17,901 ) 16,006 (1,895 )

TOTAL FUNDS (1,700 ) 2,498 - 798

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 255,697 (224,296 ) (11,002 ) 20,399

Restricted funds
Funds Restricted (1 ) (17,900 ) - (17,901 )

TOTAL FUNDS 255,696 (242,196 ) (11,002 ) 2,498

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.