REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements For The Year Ended 31 March 2024 |
for |
UpNorth! Community Development |
Trust |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements For The Year Ended 31 March 2024 |
for |
UpNorth! Community Development |
Trust |
UpNorth! Community Development |
Trust |
Contents of the Financial Statements |
For The Year Ended 31 March 2024 |
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 |
UpNorth! Community Development |
Trust (Registered number: SC349614) |
Report of the Trustees |
For The Year Ended 31 March 2024 |
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 2024. 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 |
In accordance with the Trust's Memorandum and Articles of Association, the purpose of the charity is to: advance citizenship or community development; to advance the arts, heritage, culture or science; provide recreational facilities, or the organisation of recreational facilities, with the object of improving the conditions of life for whom the facilities or activities are primarily intended; to advance environmental protection or improvement; to relieve those in need by reason of age, ill health, disability, financial hardship or other disadvantage; and any other purpose that may reasonably be regarded as analogous to any of the preceding objects. |
Significant activities |
We continue to work with local landowners to lobby for social housing which is becoming ever more urgent. We liaise with the Care Home North Coast Redesign team, Sutherland Spaceport (Orbex) and HIE, local landowners and the Scottish Land Commission to attract development and opportunities to our area. We host Community Leaders Forum where local groups were encouraged to swop news, ideas and concerns and continue to do so on a regular basis. The Forums have been attended by a representative of the Scottish Land Commission. |
We also continue our long-term ambition to secure a renewable ''shared ownership'' opportunity with our partners, SSE; we work together to improve the sports ground at the local primary school and have negotiated with the Church of Scotland to lease land. We held local consultative meetings to gauge the support in our community and now have embarked on a fund-raising drive; we sit on the local Space Liaison Group; have taken on work to ensure that the wider locality know of the upcoming opportunities in our area; continue to lead the NorthWest 2045 collaborative to realise the communities Vision. |
FINANCIAL REVIEW |
Reserves policy |
The Trust aims to hold sufficient reserves to sustain the Trust and direct all surplus funds to its charitable local community purposes. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity was incorporated under the 1985 Companies Act as a company limited by guarantee and controlled by its Memorandum & Articles of Association. |
Recruitment and appointment of new trustees |
The first Trustees are those appointed on the establishment of the Trust and subsequent appointments are made in accordance with Articles of Association. |
Organisational Structure |
In accordance with the Memorandum & Articles of Association the number of Trustees (Directors) is 6 of who 3 are elected by the Individual Members and Group Members within the Melness Community and 3 likewise from the Tongue Community. All Trustees are equal on the Board and decisions are made on a simple majority basis. |
Induction and training of new trustees |
New Trustees are provided with a Trustee Induction Pack, which includes the Memorandum & Articles of Association, as well as important Companies House and OSCR information. The Chairman and Secretary provide an initial induction training session, as well as on-going support. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
UpNorth! Community Development |
Trust (Registered number: SC349614) |
Report of the Trustees |
For The Year Ended 31 March 2024 |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
The Long Partnership |
1st Floor |
Robertson House |
Shore Street |
Inverness |
Highland |
IV1 1NF |
Bankers |
Thurso |
Caithness |
KW14 7BL |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
UpNorth! Community Development |
Trust |
I report on the accounts for the year ended 31 March 2024 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. |
Alan E Long |
The Institute of Chartered Accountants in England and Wales |
The Long Partnership |
1st Floor |
Robertson House |
Shore Street |
Inverness |
Highland |
IV1 1NF |
24 July 2024 |
UpNorth! Community Development |
Trust |
Statement of Financial Activities |
For The Year Ended 31 March 2024 |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities | 2 |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 28,079 |
UpNorth! Community Development |
Trust (Registered number: SC349614) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
funds | funds | 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: |
General fund | 8,403 | 9,210 |
Restricted funds: |
Development Fund | 18,329 | 18,869 |
TOTAL FUNDS | 28,079 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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. |
UpNorth! Community Development |
Trust (Registered number: SC349614) |
Balance Sheet - continued |
31 March 2024 |
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 |
UpNorth! Community Development |
Trust |
Notes to the Financial Statements |
For The Year Ended 31 March 2024 |
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. |
Office Equipment | - |
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 |
31.3.24 | 31.3.23 |
£ | £ |
Book sales | 901 | 672 |
UpNorth! Community Development |
Trust |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.24 | 31.3.23 |
£ | £ |
Depreciation - owned assets |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
5. | STAFF COSTS |
6. | TANGIBLE FIXED ASSETS |
Office |
Equipment |
£ |
COST |
At 1 April 2023 and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
UpNorth! Community Development |
Trust |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Accrued expenses |
8. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.23 | in funds | 31.3.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 9,210 | (807 | ) | 8,403 |
Restricted funds |
Development Fund | 18,869 | (540 | ) | 18,329 |
TOTAL FUNDS | (1,347 | ) | 26,732 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 7,142 | (7,949 | ) | (807 | ) |
Restricted funds |
Development Fund | - | (540 | ) | (540 | ) |
TOTAL FUNDS | ( |
) | (1,347 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 9,794 | (584 | ) | 9,210 |
Restricted funds |
Development Fund | 18,869 | - | 18,869 |
TOTAL FUNDS | 28,663 | (584 | ) | 28,079 |
UpNorth! Community Development |
Trust |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
8. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 672 | (1,256 | ) | (584 | ) |
TOTAL FUNDS | 672 | (1,256 | ) | (584 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 9,794 | (1,391 | ) | 8,403 |
Restricted funds |
Development Fund | 18,869 | (540 | ) | 18,329 |
TOTAL FUNDS | 28,663 | (1,931 | ) | 26,732 |
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 | 7,814 | (9,205 | ) | (1,391 | ) |
Restricted funds |
Development Fund | - | (540 | ) | (540 | ) |
TOTAL FUNDS | 7,814 | (9,745 | ) | (1,931 | ) |
Development Fund |
After the closure of the Melness Community Wind Energy Project, the balance of funds from BIG Lottery have enabled the Trust to explore other income generating opportunities in order to bring long term benefits through community regeneration projects. |
UpNorth! Community Development |
Trust |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
9. | CONTINGENT LIABILITIES |
Contingent liabilities exist in respect of undertakings made in connection with grants received. |
10. | RELATED PARTY DISCLOSURES |
11. | ULTIMATE CONTROLLING PARTY |
The Trust is under the control of its members as a whole, none of whom can exercise control over the Charity alone. |
12. | CAPITALISATION OF FIXED ASSETS |
Expenditure on tangible items under £100 is treated as revenue costs in the accounts. |