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REGISTERED COMPANY NUMBER: SC361381 (Scotland)
REGISTERED CHARITY NUMBER: SC040653















Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

The Katie McKerracher Trust

The Katie McKerracher Trust






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




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Statement of Financial Position 6

Notes to the Financial Statements 7 to 11

The Katie McKerracher Trust

Reference and Administrative Details
for the Year Ended 31 March 2023



TRUSTEES Mrs A McKerracher
A J McKerracher
D Lunn
D Manson


COMPANY SECRETARY Mrs A McKerracher


REGISTERED OFFICE Cherrydene
Ettrickbridge
Selkirk
Borders
TD7 5JL


REGISTERED COMPANY
NUMBER
SC361381 (Scotland)


REGISTERED CHARITY
NUMBER
SC040653


INDEPENDENT EXAMINER Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

The Katie McKerracher Trust (Registered number: SC361381)

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
To help children in the UK with a Diffuse Pontine Glioma particularly, but not exclusively, by supporting/informing/counselling patients and their families, providing access to healing/alternative therapy, and investigating/supporting research into Diffuse Pontine Gliomas.

To provide financial assistance to highland and tap dancers from the Scottish Borders in order to maintain dancing culture and allow dancers to further their dancing careers.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Trust was able to help 15 DIPG patients this year, through 18 separate grants. The total amount granted was £15,077, although one cheque for £300 has not been cashed. The Trust was also able to help two Dancers with a grant for £1,000 each.

The Trust has continued to receive fantastic support from all sections of the community, including the following larger events:

-Collection at Andrew Steel's Funeral
-Mount Tabor Open Gardens Day
-Christmas donations from friends & family
-Fiona's Hot Stuff Charity Tin
-Katie's 25th Birthday Triathlon
-Cross Keys Pub Quiz Winnings


We continue to receive positive feedback from patients' families, recognising the work the Trust does and re-affirming how important the information booklet is. The level of financial support continues to be agreed in consultation with hospital social workers. The list below outlines how the financial support was used:

-White Goods
-Mac Book
-Bedroom decoration
-Travel expenses
-Euro Disney Trip
-Days out
-Rent, heating and living costs
-Safari Trip
-Housing Costs
-Furniture and vouchers
-Holiday costs and spending money


All of the recipients met the criteria of the Trust’s Memorandum and Articles of Association.

The Trust would like to thank everyone that has helped the Trust throughout the year, making sure we can provide help to those in need.

FINANCIAL REVIEW
Financial position
The financial position of the Trust is shown in the attached financial statements.


The Katie McKerracher Trust (Registered number: SC361381)

Report of the Trustees
for the Year Ended 31 March 2023

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

Approved by order of the board of trustees on 30 October 2023 and signed on its behalf by:





A J McKerracher - Trustee

Independent Examiner's Report to the Trustees of
The Katie McKerracher Trust

I report on the accounts for the year ended 31 March 2023 set out on pages five 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.








Caroline Tice CA
The Institute of Chartered Accountants of Scotland

Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

16 November 2023

The Katie McKerracher Trust

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 25,511 - 25,511 8,190

Other trading activities 2 195 - 195 17
Investment income 3 481 - 481 50
Total 26,187 - 26,187 8,257

EXPENDITURE ON
Raising funds 157 - 157 174

Charitable activities
Grants and support 17,469 - 17,469 8,984
Total 17,626 - 17,626 9,158

NET INCOME/(EXPENDITURE) 8,561 - 8,561 (901 )


RECONCILIATION OF FUNDS
Total funds brought forward 96,157 - 96,157 97,058

TOTAL FUNDS CARRIED FORWARD 104,718 - 104,718 96,157

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

The Katie McKerracher Trust (Registered number: SC361381)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Stocks 7 516 673
Debtors 8 43 39
Cash at bank 104,957 96,547
105,516 97,259

CREDITORS
Amounts falling due within one year 9 (798 ) (1,102 )

NET CURRENT ASSETS 104,718 96,157

TOTAL ASSETS LESS CURRENT
LIABILITIES

104,718

96,157

NET ASSETS 104,718 96,157
FUNDS 11
Unrestricted funds 104,718 96,157
TOTAL FUNDS 104,718 96,157

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.

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 30 October 2023 and were signed on its behalf by:





A McKerracher - Trustee

The Katie McKerracher Trust

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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. OTHER TRADING ACTIVITIES
31.3.23 31.3.22
£    £   
Merchandise income 195 17


The Katie McKerracher Trust

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

3. INVESTMENT INCOME
31.3.23 31.3.22
£    £   
Deposit account interest 481 50

4. SUPPORT COSTS
Governance
Management Finance costs Totals
£    £    £    £   
Grants and support 983 216 493 1,692

Support costs, included in the above, are as follows:

Management
31.3.23 31.3.22
Grants
and Total
support activities
£    £   
Insurance 838 213
Website expenses 145 526
983 739
Finance
31.3.23 31.3.22
Grants
and Total
support activities
£    £   
Just Giving fees 216 216
Governance costs
31.3.23 31.3.22
Grants
and Total
support activities
£    £   
Independent Examiner's fee 480 456
Companies House fees 13 13
493 469


The Katie McKerracher Trust

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

5. 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.


6. STAFF COSTS

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

31.3.23 31.3.22
Staff 1 1

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

7. STOCKS
31.3.23 31.3.22
£    £   
Merchandise 516 673

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Prepayments 43 39

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Accrued expenses 798 1,102

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.23 31.3.22
Unrestricted Restricted Total Total
fund fund funds funds
£    £    £    £   
Current assets 105,516 - 105,516 97,259
Current liabilities (798 ) - (798 ) (1,102 )
104,718 - 104,718 96,157


The Katie McKerracher Trust

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

11. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 96,157 8,561 104,718

TOTAL FUNDS 96,157 8,561 104,718

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 26,187 (17,626 ) 8,561

TOTAL FUNDS 26,187 (17,626 ) 8,561


Comparatives for movement in funds

Net
movement At
At 1.4.21 in funds 31.3.22
£    £    £   
Unrestricted funds
General fund 97,058 (901 ) 96,157

TOTAL FUNDS 97,058 (901 ) 96,157

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 8,257 (9,158 ) (901 )

TOTAL FUNDS 8,257 (9,158 ) (901 )

The Katie McKerracher Trust

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

11. 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 97,058 7,660 104,718

TOTAL FUNDS 97,058 7,660 104,718

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 34,444 (26,784 ) 7,660

TOTAL FUNDS 34,444 (26,784 ) 7,660

12. RELATED PARTY DISCLOSURES

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