Caseware UK (AP4) 2022.0.179 2022.0.179 Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-30525617458419242931172422879419543504No description of principal activity2022-10-01false10102023-09-30 SC226733 2022-10-01 2023-09-30 SC226733 2021-10-01 2022-09-30 SC226733 2023-09-30 SC226733 2022-09-30 SC226733 2022-10-01 SC226733 2021-10-01 SC226733 c:RegisteredOffice 2022-10-01 2023-09-30 SC226733 d:PlantMachinery 2022-10-01 2023-09-30 SC226733 d:PlantMachinery 2023-09-30 SC226733 d:PlantMachinery 2022-09-30 SC226733 d:OfficeEquipment 2022-10-01 2023-09-30 SC226733 d:OfficeEquipment 2023-09-30 SC226733 d:OfficeEquipment 2022-09-30 SC226733 d:CurrentFinancialInstruments 2023-09-30 SC226733 d:CurrentFinancialInstruments 2022-09-30 SC226733 c:FRS102 2022-10-01 2023-09-30 SC226733 c:IndependentExaminationCharity 2022-10-01 2023-09-30 SC226733 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC226733 b:Trustee1 2022-10-01 2023-09-30 SC226733 b:Trustee2 2022-10-01 2023-09-30 SC226733 b:Trustee3 2022-10-01 2023-09-30 SC226733 b:Trustee4 2022-10-01 2023-09-30 SC226733 b:Trustee5 2022-10-01 2023-09-30 SC226733 b:Trustee6 2022-10-01 2023-09-30 SC226733 b:Trustee7 2022-10-01 2023-09-30 SC226733 b:Trustee8 2022-10-01 2023-09-30 SC226733 b:Trustee9 2022-10-01 2023-09-30 SC226733 b:Trustee10 2022-10-01 2023-09-30 SC226733 b:Trustee11 2022-10-01 2023-09-30 SC226733 b:Trustee12 2022-10-01 2023-09-30 SC226733 b:Trustee13 2022-10-01 2023-09-30 SC226733 b:Trustee14 2022-10-01 2023-09-30 SC226733 b:UnrestrictedFundsGeneral 2022-10-01 2023-09-30 SC226733 b:RestrictedIncomeFunds 2022-10-01 2023-09-30 SC226733 b:RestrictedIncomeFunds 2021-10-01 2022-09-30 SC226733 b:TotalEndowmentFunds 2022-10-01 2023-09-30 SC226733 b:TotalEndowmentFunds 2021-10-01 2022-09-30 SC226733 b:RestrictedIncomeFunds 2023-09-30 SC226733 b:RestrictedIncomeFunds 2022-09-30 SC226733 b:TotalEndowmentFunds 2023-09-30 SC226733 b:TotalEndowmentFunds 2022-09-30 SC226733 c:ChiefExecutive 2022-10-01 2023-09-30 SC226733 1 2022-10-01 2023-09-30 SC226733 1 2021-10-01 2022-09-30 SC226733 b:RestrictedIncomeFunds 1 2022-10-01 2023-09-30 SC226733 b:TotalEndowmentFunds 1 2022-10-01 2023-09-30 SC226733 b:Activity1 2022-10-01 2023-09-30 SC226733 b:FundraisingEvents b:Activity1 b:TotalEndowmentFunds 2022-10-01 2023-09-30 SC226733 b:FundraisingEvents b:Activity1 2022-10-01 2023-09-30 SC226733 b:FundraisingEvents b:Activity1 2021-10-01 2022-09-30 SC226733 b:FundraisingEvents b:TotalEndowmentFunds 2021-10-01 2022-09-30 SC226733 b:FundraisingEvents 2021-10-01 2022-09-30 SC226733 b:TotalUnrestrictedFunds 2023-09-30 SC226733 b:TotalUnrestrictedFunds 2022-09-30 SC226733 b:TotalRestrictedIncomeFunds 2023-09-30 SC226733 b:TotalRestrictedIncomeFunds 2022-09-30 SC226733 c:FullAccounts 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Registered number: SC226733
Charity number: SC032661















RHET ANGUS COUNTRYSIDE INITIATIVE
(A company limited by guarantee)
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
RHET ANGUS COUNTRYSIDE INITIATIVE
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the Company, its Trustees and advisers
1
Trustees' report
2 - 5
Independent examiner's report
6
Statement of financial activities
7
Balance sheet
8
Notes to the financial statements
9 - 17

 
RHET ANGUS COUNTRYSIDE INITIATIVE
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Trustees
Mr Bruce Christie, Chair
Mr William Officer, Vice Chair
Mr Jamie Stormonth Darling, Treasurer (resigned 16 January 2024)
Mrs Leila Martin
Mr Alistair Hodnett (resigned 8 January 2023)
Cllr Robert Myles
Mrs Gill Lawrie
Mr Alexander  Milne
Mrs Kay Adam, RHASS Director
Mr Peter Salmon, Non direct committee member
Mr Hugh Black, Non direct committee member
Mr Scott Mather (appointed 16 January 2024)
Mrs Amy Geddes (appointed 16 January 2024)
Miss Lois Scott, Non direct committee member (appointed 16 January 2024)

Company registered number
SC226733

Charity registered number
SC032661

Registered office
Westby
64 West High Street
Forfar
Angus
DD8 1BJ

Chief executive officer
Mr Bruce Christie

Page 1

 
RHET ANGUS COUNTRYSIDE INITIATIVE
 
(A company limited by guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023

The Trustees present their annual report together with the financial statements of the RHET Angus Countryside Initiative for the  1 October 2022 to 30 September 2023The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

We work with partners, as part of a national RHET network, to educate our local young people aged 3 to 18 about sustainable food production, farming and the countryside. (RHET Strategic Plan 2016).
To achieve this Mission Statement we intend to work to an annual plan in which we ensure our activity supports the overall RHET outcomes, regularly reporting on our activities so that RHET can monitor our progress.
Our activities focus on;
Farming and food production, Outdoor learning for all, forestry and estate management and environmental awareness.
We promote these activities by providing opportunities for young people to experience the countryside through visits, giving them the chance to engage with people who live and work there in a variety of settings. We also promote these activities by visiting schools and holding various events.
 

b. Activities undertaken to achieve objectives
 

In order to carry out the objectives noted above the Trustees will continue to carry out both speaker visits to schools and farm visits and any other activities which will ensure the objectives of the charity continue to be met.
 

Page 2

 
RHET ANGUS COUNTRYSIDE INITIATIVE
 
(A company limited by guarantee)
 
Achievements and performance
 

a. Review of activities
 

RHET ACI  has had a busy year, back to normal with farm visits, classroom talks and various other events as detailed in our project co-ordinators report.
The main events, other than visits were, a food and farming day at Forfar mart and Angus show ground, a sustainability day at Brae of Pert and a two day event at Kinnordy estate.
The Angus potato project and the berry project were again well supported.
"Talk to a farmer" sessions were repeated once again, this year as part of the "Journey of food, seeds and grains". These are very popular, schools can ask questions to a farmer in a live situation.
There have been various sub groups looking at things such as communication, the strategic plan and various other things to help guide and streamline RHET as a whole.
 
Working in Partnership:
RHET ACI has been supported by a number of agencies and partners throughout the year, principally local farmers and businesses and Angus Council Education department to whom we owe our sincere thanks.
The local Farmers who act as Speakers or Hosts for farm visits, providing the core of our work supporting schools on farm visits with raw materials and their knowledge and expertise, deserve special thanks.
Project Co-ordinator:
The Board would like to thank Carol Littlewood for all her hard work throughout the year. Carol is the backbone of the organisation, without her enthusiasm and dedication we would not be such a success. It is of great benefit to us that Carol is part of the working group, looking at the way ahead for RHET.
We would also like to thank the RHET staff at Ingliston for their input when required.
 

Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

b. Reserves policy
 

The trustees have not as yet formulated a specific reserve policy, however they aim to retain 3 months unrestricted expenditure as a matter of good governance.
 

c. Principal funding
 

We are particularly grateful to Ogilvy Spirits for funding us annually, the sum of £2,000, for a ten year period. This has been particularly important as this funding is not restricted to particular projects.
RHET has negotiated funding from the Scottish government for food and farming events. This equated to £4,000 per countryside initiative, which will be disttributed over two accounting periods, so this has enabled us to run our regular events without having to seek additional funding.
It is becoming increasingly difficult to secure funding, this is something we need to focus on going forward.
 

Structure, governance and management
 

Page 3

 
RHET ANGUS COUNTRYSIDE INITIATIVE
 
(A company limited by guarantee)
 
Structure, governance and management (continued)

a. Constitution
 

RHET Angus Countryside Initiative is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
 

b. Methods of appointment or election of Trustees
 

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
 

c. Organisational structure and decision-making policies
 

The Trustees of the charity form a management committee, which will manage the charity and as such exercise all the powers of the charity. 
 

d. Financial risk management
 

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
 

Plans for future periods
 

RHET ACI plans to continue to provide safe and effective Farm and Speaker Visits to the children of Angus and Dundee Schools. This tried and tested formula offers an imaginative and hands on environment to support the curriculum of pupils aged between 3 and 18 years.
RHET ACI will be looking to provide "a classroom without walls" to assist with the Curriculum for Excellence through all of its usual projects.
 
 

Page 4

 
RHET ANGUS COUNTRYSIDE INITIATIVE
 
(A company limited by guarantee)
 
Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees on 5 March 2024 and signed on their behalf by:
 




Mr Bruce Christie
Chairman
Page 5

 
RHET ANGUS COUNTRYSIDE INITIATIVE

(A company limited by guarantee)
 

 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023

Independent examiner's report to the Trustees of RHET Angus Countryside Initiative
 
I report on the accounts of the company for the year ended 30 September 2023 which are set out on pages 7 to 17.

Respective responsibilities of Trustees and examiner

The trustees, who are also directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ('the Act') and the Charities Accounts (Scotland) Regulation 2006 ('the Accounts Regulations'). The 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 financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, 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 the course of 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 Act and regulation 4 of the Accounts Regulations; and

to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with regulation 8 of the Accounts Regulations

have not been met; or

2.
to which, in my opinion, attention should be drawn in order to enable proper understanding of the financial statements to be reached.


This report is made solely to the company's Trustees, as a body, in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.



Signed: Graeme Davidson      Dated: 6 March 2024

Graeme Davidson     BA CA

EQ Accountants Limited
Chartered Accountants
Westby
64 West High Street
Forfar
Angus
DD8 1BJ
Page 6

 
RHET ANGUS COUNTRYSIDE INITIATIVE
 
(A company limited by guarantee)


 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Restricted funds
2023
Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
Note
        £
        £
        £
        £

Income from:







Donations and legacies:

3





Donations



200

4,019

4,219

6,308
 
Project co-ordinator time paid directly by RHET



-

17,144

17,144

17,107
 
Other activities:

4





Fundraising



-

-

-

419
 
Total income
200
21,163
21,363
23,834
Expenditure on:







Raising funds


-

-

-

252
 
Charitable activities:

5





Direct costs



1,217

2,870

4,087

4,130
 
Support costs



-

1,015

1,015

1,069
 
Project coordinator time paid directly by RHET



-

17,144

17,144

17,107
 
Total expenditure
1,217
21,029
22,246
22,558

Net (expenditure)/income

  

(1,017)

134

(883)

1,276
 
Transfers between funds

 11 

242

(242)

-

-
 
Net movement in funds
  
(775)
(108)
(883)
1,276

Reconciliation of funds:

  





Total funds brought forward

  

1,752

8,729

10,481

9,205
 
Net movement in funds

  

(775)

(108)

(883)

1,276
 
Total funds carried forward
  
977
8,621
9,598
10,481

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 17 form part of these financial statements.

Page 7

 
RHET ANGUS COUNTRYSIDE INITIATIVE
 
(A company limited by guarantee)
REGISTERED NUMBER: SC226733


 
BALANCE SHEET
AS AT 30 SEPTEMBER 2023


2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 9 
2,692
3,167

  
2,692
3,167

Current assets
  

Cash at bank and in hand
  
7,454
8,049

  
7,454
8,049

Creditors: amounts falling due within one year
 10 
(548)
(735)

Net current assets 
  
 
 
6,906
 
 
7,314

Total assets less current liabilities
  
9,598
10,481

Total net assets 
  
9,598
10,481


Charity funds
  

Restricted funds
 11 
977
1,752

Unrestricted funds
 11 
8,621
8,729

Total funds
  
9,598
10,481

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 05 March 2024 and signed on their behalf by:




Mr Bruce Christie
Chairman

The notes on pages 9 to 17 form part of these financial statements.

Page 8

 
RHET ANGUS COUNTRYSIDE INITIATIVE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

RHET Angus Countryside Initiative is a charitable company limited by guarantee. The company is registered in Scotland and also registered as a charity with OSCR with the charitable number SC032661. The registered office of the charity is Westby, 64 West High Street, Forfar.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

RHET Angus Countryside Initiative meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

 
2.4

Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 9

 
RHET ANGUS COUNTRYSIDE INITIATIVE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

2.4

Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Plant and machinery
-
15% reducing balance
Furniture, fittings and equipment
-
33.3% straight line

  
2.5

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.


2.6

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

  
2.7

Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.8

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 10

 
RHET ANGUS COUNTRYSIDE INITIATIVE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.

Income from donations and legacies





Restricted funds
2023
Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £
        £
 



 
Donations

200

4,019

4,219

6,308
 
Project coordinator time paid directly by RHET

-

17,144

17,144

17,107
 
Total 2023


200
21,163
21,363
23,415
Total 2022


-
23,415
23,415

RHET ACI as part of the national Royal Highland Education Trust network, receive the paid services from RHET Central (SCO07492) based at Ingliston, for the contracted services of a dedicated project co-ordinator to facilitate activities and services in the local area. The cost of the RHET coordinator hours, training, telephone, uniform, consumables, travel etc. (excluding local which is covered by RHET ACI was £17,144.04 for the year ended 30/09/2023.


4.

Income from other trading activities

Income from fundraising events




Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Fundraising

-

-

419
 
Total 2022


419
419

Page 11

 
RHET ANGUS COUNTRYSIDE INITIATIVE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.

Analysis of expenditure on charitable activities


Summary by fund type





Restricted funds
2023
Unrestricted funds
2023
Total
2023
Total
2022
        £
        £
        £
        £





Direct costs

475

2,353

2,828

2,976
 
Project costs

742

18,676

19,418

19,330
 


1,217
21,029
22,246
22,306
Total 2022


1,874
20,432
22,306


6.

Analysis of expenditure by activities





Activities undertaken directly
2023
Support costs
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £
        £





Direct costs

1,813

1,015

2,828

2,976
 
Project costs

19,418

-

19,418

19,330
 


21,231
1,015
22,246
22,306
Total 2022


21,237
1,069
22,306


Page 12

 
RHET ANGUS COUNTRYSIDE INITIATIVE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.Analysis of expenditure by activities (continued)

Analysis of direct costs





General
2023
Project costs
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £
        £





Project coordinator time paid directly by RHET

-

17,144

17,144

17,107
 
Insurance

201

-

201

530
 
Bank charges

8

-

8

16
 
Project officer and project expenses

1,604

2,274

3,878

3,584
 


1,813
19,418
21,231
21,237
Total 2022


1,907
19,330
21,237

Analysis of support costs




General
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Depreciation

475

475

559
 
Accountancy fee

540

540

510
 


1,015
1,015
1,069
Total 2022


1,069
1,069


7.

Independent examiner's remuneration

2023
2022
£
£

Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts
540
510


8.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 30 September 2023, no Trustee expenses have been incurred (2022 - £NIL).

Page 13

 
RHET ANGUS COUNTRYSIDE INITIATIVE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Tangible fixed assets




Plant and machinery
Office equipment
Total

£
£
£


Cost or valuation

At 1 October 2022
12,001
6,554
18,555


At 30 September 2023

12,001
6,554
18,555


Depreciation

At 1 October 2022
8,834
6,554
15,388

Charge for the year
475
-
475


At 30 September 2023

9,309
6,554
15,863


Net book value


At 30 September 2023
2,692
-
2,692


At 30 September 2022
3,167
-
3,167


10.



Creditors: Amounts falling due within one year


2023
2022
£
£


Accruals and deferred income
548
735

Page 14

 
RHET ANGUS COUNTRYSIDE INITIATIVE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

11.

Statement of funds


Statement of funds - current year

Balance at 1 October 2022
£
Income
£
Expenditure
£
Transfers in/out
£
Balance at 30 September 2023
£

Unrestricted funds






General Funds 

8,729

21,163

(21,029)

(242)

8,621
 

Restricted funds







Potato project

-

200

(442)

242

-
 
NFUS Grant

1,317

-

(775)

-

542
 
Learning materials

155

-

-

-

155
 
Bus project

280

-

-

-

280
 



1,752
200
(1,217)
242
977

Total of funds


10,481
21,363
(22,246)
-
9,598

Page 15

 
RHET ANGUS COUNTRYSIDE INITIATIVE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

11.

Statement of funds (continued)



Statement of funds - prior year

Balance at
1 October 2021
£
Income
£
Expenditure
£
Transfers in/out
£
Balance at
30 September 2022
£

Unrestricted funds






General Funds 

5,491

23,834

(20,684)

88

8,729
 


Restricted funds







Potato project

212

-

(300)

88

-
 
FHB/FBW Week

28

-

-

(28)

-
 
NFUS Grant

2,171

-

(854)

-

1,317
 
Learning materials

155

-

-

-

155
 
W.G Forsyth Trust - iPad

148

-

-

(148)

-
 
Bus project

1,000

-

(720)

-

280
 



3,714
-
(1,874)
(88)
1,752


Total of funds


9,205
23,834
(22,558)
-
10,481


12.

Summary of funds


Summary of funds - current year

Balance at 1 October 2022
£
 
Income
£
 
Expenditure
£
 
Transfers in/out
£
 
Balance at 30 September 2023
£
 
General funds

8,729

21,163

(21,029)

(242)

8,621
 
Restricted funds

1,752

200

(1,217)

242

977
 


10,481
21,363
(22,246)
-
9,598

Page 16

 
RHET ANGUS COUNTRYSIDE INITIATIVE

(A company limited by guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

12.

Summary of funds (continued)


Summary of funds - prior year

Balance at
1 October 2021
£
 
Income
£
 
Expenditure
£
 
Transfers in/out
£
 
Balance at
30 September 2022
£
 
General funds

5,491

23,834

(20,684)

88

8,729
 
Restricted funds

3,714

-

(1,874)

(88)

1,752
 


9,205
23,834
(22,558)
-
10,481


13.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Restricted funds
2023
Unrestricted funds
2023
Total
funds
2023
        £
        £
        £



Tangible fixed assets

542

2,150

2,692

Current assets

435

7,019

7,454

Creditors due within one year

-

(548)

(548)

Total 


977
8,621
9,598



Analysis of net assets between funds - prior year

Restricted funds
2022
Unrestricted funds
2022
Total
funds
2022
        £
        £
        £



Tangible fixed assets

-

3,167

3,167

Current assets

1,752

6,297

8,049

Creditors due within one year

-

(735)

(735)

Total 

1,752
8,729
10,481

Page 17