IRIS Accounts Production v23.3.1.45 Other Company accounts True false Pounds 1.3.22 28.2.23 28.2.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2636292022-02-28SC2636292023-02-28SC2636292022-03-012023-02-28SC2636292021-02-28SC2636292021-03-012022-02-28SC2636292022-02-28SC263629ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-03-012023-02-28SC263629ns11:Original2022-03-012023-02-28SC263629ns15:PoundSterlingns11:Original2022-03-012023-02-28SC263629ns11:Original2022-02-28SC263629ns11:Original2023-02-28SC263629ns11:Originalns11:FRS1022022-03-012023-02-28SC263629ns11:IndependentExaminationCharityns11:Original2022-03-012023-02-28SC263629ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-03-012023-02-28SC263629ns11:Originalns11:FullAccounts2022-03-012023-02-28SC263629ns11:Originalns11:CharitiesSORP2022-03-012023-02-28SC263629ns11:Original2021-03-012022-02-28SC263629ns11:Originalns16:EnglandWales2022-03-012023-02-28SC263629ns11:Originalns11:RegisteredOffice2022-03-012023-02-28SC263629ns11:Originalns0:Trustee22022-03-012023-02-28SC263629ns11:Originalns0:Trustee32022-03-012023-02-28SC263629ns11:Originalns0:Trustee12022-03-012023-02-28SC263629ns11:Originalns11:CompanySecretary12022-03-012023-02-28SC263629ns11:Original2021-02-28SC263629ns11:Original2022-02-28SC263629ns11:Originalns10:WithinOneYear2023-02-28SC263629ns11:Originalns10:WithinOneYear2022-02-28SC263629ns11:Originalns10:AfterOneYear2023-02-28SC263629ns11:Originalns10:AfterOneYear2022-02-28SC263629ns11:Originalns0:TotalUnrestrictedFunds2023-02-28SC263629ns10:PlantMachineryns11:Original2022-03-012023-02-28SC263629ns10:FurnitureFittingsToolsEquipmentns11:Original2022-03-012023-02-28SC263629ns11:Originalns10:ComputerEquipment2022-03-012023-02-28SC263629ns11:Original22022-03-012023-02-28SC263629ns11:Originalns10:OwnedAssets2022-03-012023-02-28SC263629ns11:Originalns10:OwnedAssets2021-03-012022-02-28SC263629ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-02-28SC263629ns11:Originalns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-02-28SC263629ns10:PlantMachineryns11:Original2022-02-28SC263629ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-03-012023-02-28SC263629ns11:Originalns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-03-012023-02-28SC263629ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-02-28SC263629ns11:Originalns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-02-28SC263629ns10:PlantMachineryns11:Original2023-02-28SC263629ns11:Originalns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-02-28SC263629ns11:Originalns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-02-28SC263629ns10:PlantMachineryns11:Original2022-02-28SC263629ns11:Originalns10:FurnitureFittings2022-02-28SC263629ns11:Originalns10:ComputerEquipment2022-02-28SC263629ns11:Originalns10:FurnitureFittings2022-03-012023-02-28SC263629ns11:Originalns10:FurnitureFittings2023-02-28SC263629ns11:Originalns10:ComputerEquipment2023-02-28SC263629ns11:Originalns10:FurnitureFittings2022-02-28SC263629ns11:Originalns10:ComputerEquipment2022-02-28SC263629ns11:Originalns10:BetweenOneTwoYears2023-02-28SC263629ns11:Originalns10:BetweenOneTwoYears2022-02-28SC263629ns10:BetweenTwoFiveYearsns11:Original2023-02-28SC263629ns10:BetweenTwoFiveYearsns11:Original2022-02-28
REGISTERED COMPANY NUMBER: SC263629 (Scotland)
REGISTERED CHARITY NUMBER: SC032484














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ROADS PROJECT

ROADS PROJECT






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 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 12

ROADS PROJECT (REGISTERED NUMBER: SC263629)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 28 FEBRUARY 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 28 February 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
The purposes, as recorded in the constitution, are:

- To relieve the conditions of life and isolation of the elderly inhabitants of St Combs and environs;
- To advance the education of the youth in the misuse of drugs and/or other substances and the effects that this can have on health; and
- To promote the benefit of young people by providing facilities, or assisting in the provision of facilities, in the interest of social welfare for recreation and other leisure-time occupation so that their conditions of life may be improved and in furtherance thereof:-

-To operate a non-profit making venture which will help to create a strong community spirit within a
Christian ethos
-To work in partnership with, and for the benefit of, the local community
-To operate a facility which provides a safe relaxing environment where people of all ages can socialise in
pleasant high quality surroundings
-To provide a base for relational community work
-To educate and train workers in relevant methods of community work (for example counselling and
practical support)
-To enhance the local area by operating a well maintained property

ACHIEVEMENT AND PERFORMANCE
Activities and achievements
Achievements and performance over the last year have been further restricted due to the financial climate rising interest rates and inflation with potential customers having less disposable income to spend in cafes.

We have continued, to provide a safe relaxing and welcoming place for people to meet, socialise, have home cooked meals, snacks and meet family and friends in nice welcoming surroundings.

The cafe has again this year found it harder to get volunteers and there have been more small cafes opening in the area, which limits the people visiting the cafe in St. Combs.

We have continued with Roads Kids Club on Friday nights during school days with around 35 regular attenders, also we encourage community groups to use the venue after cafe hours for their activities.

We continue to rent the café to St. Combs Community Church on Sundays. This helps greatly with our cash flow.

FINANCIAL REVIEW
Reserves policy
The surplus will continue to be used in the following year for office administration, salaries and any other additional expenses.

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.

Recruitment and appointment of new trustees
Trustees are appointed throughout the year and existing members are reappointed at our annual general meeting, held in January each year.


ROADS PROJECT (REGISTERED NUMBER: SC263629)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 28 FEBRUARY 2023

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC263629 (Scotland)

Registered Charity number
SC032484

Registered office
C/O 2 Shore Street
Cairnbulg
Fraserburgh
Aberdeenshire
AB43 8YL

Trustees
Dr J L Buchan
Mrs A K Buchan
Rev F W Nicol

Company Secretary
Mrs A K Buchan

Independent Examiner
Susan M Hepburn CA ATT
Leiper & Summers
4 Charlotte Street
Fraserburgh
Aberdeenshire
AB43 9JE

Approved by order of the board of trustees on 24 November 2023 and signed on its behalf by:





Rev F W Nicol - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ROADS PROJECT

I report on the accounts for the year ended 28 February 2023 set out on pages four to twelve.

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.








Susan M Hepburn CA ATT
The Institute of Chartered Accountants of Scotland

Leiper & Summers
4 Charlotte Street
Fraserburgh
Aberdeenshire
AB43 9JE

24 November 2023

ROADS PROJECT

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 28 FEBRUARY 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 19,435 30,694

Other trading activities 2 7,525 7,325
Other income 84 -
Total 27,044 38,019

EXPENDITURE ON
Raising funds 7,268 4,525


Other 22,873 22,645
Total 30,141 27,170

NET INCOME/(EXPENDITURE) (3,097 ) 10,849


RECONCILIATION OF FUNDS
Total funds brought forward 300,927 290,078

TOTAL FUNDS CARRIED FORWARD 297,830 300,927

ROADS PROJECT (REGISTERED NUMBER: SC263629)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 6 363,573 363,708

CURRENT ASSETS
Stocks 7 200 200
Debtors 8 117 -
Cash at bank and in hand 690 8,456
1,007 8,656

CREDITORS
Amounts falling due within one year 9 (4,301 ) (6,407 )

NET CURRENT ASSETS (3,294 ) 2,249

TOTAL ASSETS LESS CURRENT
LIABILITIES

360,279

365,957

CREDITORS
Amounts falling due after more than one year 10 (62,449 ) (65,030 )

NET ASSETS 297,830 300,927
FUNDS 12
Unrestricted funds 297,830 300,927
TOTAL FUNDS 297,830 300,927

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.


ROADS PROJECT (REGISTERED NUMBER: SC263629)

BALANCE SHEET - continued
28 FEBRUARY 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 24 November 2023 and were signed on its behalf by:





F W Nicol - Trustee

ROADS PROJECT

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.


ROADS PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Hire of hall 7,525 7,325

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 135 139

4. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' expenses

Forbes Nicol received travelling expenses of £nil (2022 - £301) during the year.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 30,694

Other trading activities 7,325
Total 38,019

EXPENDITURE ON
Raising funds 4,525


Other 22,645
Total 27,170

NET INCOME 10,849


RECONCILIATION OF FUNDS
Total funds brought forward 290,078

TOTAL FUNDS CARRIED FORWARD 300,927


ROADS PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2022 and 28 February 2023 359,331 3,696 676
DEPRECIATION
At 1 March 2022 - - 499
Charge for year - - 44
At 28 February 2023 - - 543
NET BOOK VALUE
At 28 February 2023 359,331 3,696 133
At 28 February 2022 359,331 3,696 177

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 and 28 February 2023 901 1,796 366,400
DEPRECIATION
At 1 March 2022 550 1,643 2,692
Charge for year 53 38 135
At 28 February 2023 603 1,681 2,827
NET BOOK VALUE
At 28 February 2023 298 115 363,573
At 28 February 2022 351 153 363,708

7. STOCKS
2023 2022
£    £   
Stocks 200 200


ROADS PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 117 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 11) 3,200 3,719
Trade creditors - 2
Social security and other taxes - 1,773
Accrued expenses 1,101 913
4,301 6,407

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 11) 62,449 65,030

11. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year on demand:
Bank loans 3,200 3,719
Amounts falling between one and two years:
Bank loans - 1-2 years 3,400 3,861
Amounts falling due between two and five years:
Bank loans - 2-5 years 10,000 12,489
Amounts falling due in more than five years:

Repayable by instalments:
Bank loans more 5 yr by instal 49,049 48,680

12. MOVEMENT IN FUNDS
Net
movement At
At 1.3.22 in funds 28.2.23
£    £    £   
Unrestricted funds
General fund 300,927 (3,097 ) 297,830

TOTAL FUNDS 300,927 (3,097 ) 297,830

ROADS PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

12. 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 27,044 (30,141 ) (3,097 )

TOTAL FUNDS 27,044 (30,141 ) (3,097 )


Comparatives for movement in funds

Net
movement At
At 1.3.21 in funds 28.2.22
£    £    £   
Unrestricted funds
General fund 290,078 10,849 300,927

TOTAL FUNDS 290,078 10,849 300,927

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 38,019 (27,170 ) 10,849

TOTAL FUNDS 38,019 (27,170 ) 10,849

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

Net
movement At
At 1.3.21 in funds 28.2.23
£    £    £   
Unrestricted funds
General fund 290,078 7,752 297,830

TOTAL FUNDS 290,078 7,752 297,830

ROADS PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

12. MOVEMENT IN FUNDS - continued

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 65,063 (57,311 ) 7,752

TOTAL FUNDS 65,063 (57,311 ) 7,752

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 28 February 2023.