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REGISTERED COMPANY NUMBER: SC299545 (Scotland)
REGISTERED CHARITY NUMBER: SC038679














Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 March 2024

for

Kirkmichael and Tomintoul
Community Association Ltd.

Kirkmichael and Tomintoul
Community Association Ltd.






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

Notes to the Financial Statements 6 to 10

Kirkmichael and Tomintoul
Community Association Ltd. (Registered number: SC299545)

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
The charity has been formed to benefit the community of the Parish of Kirkmichael and Tomintoul.

To manage community land and associated assets for the benefit of the community and the public in general as an important part of the protection and sustainable development of Scotland's natural environment, where 'sustainable development' means development which meets the needs of the present without compromising the ability of future generations to meet their own needs.

To promote the benefit of the inhabitants of the community, without distinction on grounds of race, political, religious or other opinions, by associating with the local statutory authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide, or assist in providing, facilities for recreation and other leisure-time occupation, following principles of sustainable development and in the interests of social welfare so that their conditions of life may be improved, where sustainable development1 means development which meets the needs of the present without compromising the ability of future generations to meet their own needs.

To promote for the public benefit rural regeneration, following principles of sustainable development, where sustainable developmentf means development which meets the needs of the present without compromising the ability of future generations to meet their own needs, in areas of social and economic deprivation within the community by all or any of the following means:
(a) the relief of poverty in such ways as may be thought fit;
(b) the relief of unemployment in such ways as many be thought fit, including assistance to find employment;
(c) the advancement of education, training and retraining, particularly amongst unemployed people, and providing unemployed people with work experience;
(d) the creation of training and employment opportunities by the provision of workspace, buildings and/or land use on favourable terms;
(e) the provision of housing for those who are in conditions of need and the improvement of housing in the public sector or in charitable ownership provided that such power shall not extend to relieving and local authorities or other bodies of a statutory duty to provide or improve housing
(f) the maintenance, improvement or provision of public amenities
(g) the preservation of building or sites of historic or architectural importance
(h) the provision of assistance in the provision of recreational facilities for the public ar large and/or those, who by reasons of their age, infirmity or disablement, poverty or social and economic circumstances, have need of such facilities
(i) the protection or conversation of the environment
(j) the provision of public health facilities and childcare.

To advance the education of the community about its environment, culture and/or history.

ACHIEVEMENT AND PERFORMANCE
The Association continues to benefit from public donation received in order to maintain the toilets should the Council decide to stop maintaining them.

FINANCIAL REVIEW
Financial position
During the year to 31 March 2024 the association had income of £1,722 (2023 - £7,982) and expenditure of £4,516 (2023 - £1,966) leaving a deficit of £2,794 (2023 - surplus £6,016).

As at 31 March 2024 the association had £39,196 of unrestricted funds (2023 - £37,489) and restricted funds of £nil (2023 - £4,501). The trustees consider that the cash reserves of the charity are sufficient for the ongoing expenditure of charitable activities.

Kirkmichael and Tomintoul
Community Association Ltd. (Registered number: SC299545)

Report of the Trustees
For The Year Ended 31 March 2024

FUTURE PLANS
The Association aims to continue to respect the local community in respect of various government organisations in respect of local issues.

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
SC299545 (Scotland)

Registered Charity number
SC038679

Registered office
Ben Cruachan
Conglass Lane
Tomintoul
Ballindalloch
Banffshire
AB37 9HU

Trustees
Scott Ashforth (resigned 7.9.23)
Cathal Breen (resigned 7.9.23)
Jean Herschell (resigned 7.9.23)
Andrea Campbell (appointed 7.9.23)
Sean Green (appointed 7.9.23)
Elspeth Richardson (appointed 7.9.23)
Martin Richardson (appointed 7.9.23)
Karen White (appointed 7.9.23)

Independent Examiner
Alan Long FCA
Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

Approved by order of the board of trustees on 30 July 2024 and signed on its behalf by:





Sean Green - Trustee

Independent Examiner's Report to the Trustees of
Kirkmichael and Tomintoul
Community Association Ltd.

I report on the accounts for the year ended 31 March 2024 set out on pages four to ten.

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 Long FCA
The Institute of Chartered Accountants in England and Wales

Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

30 July 2024

Kirkmichael and Tomintoul
Community Association Ltd.

Statement of Financial Activities
For The Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 405 - 405 4,900

Other trading activities 2 1,317 - 1,317 3,082
Total 1,722 - 1,722 7,982

EXPENDITURE ON
Charitable activities
General Fund
4,516 - 4,516 1,966

NET INCOME/(EXPENDITURE) (2,794 ) - (2,794 ) 6,016
Transfers between funds 6 4,501 (4,501 ) - -
Net movement in funds 1,707 (4,501 ) (2,794 ) 6,016

RECONCILIATION OF FUNDS
Total funds brought forward 37,489 4,501 41,990 35,974

TOTAL FUNDS CARRIED FORWARD 39,196 - 39,196 41,990

Kirkmichael and Tomintoul
Community Association Ltd. (Registered number: SC299545)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
CURRENT ASSETS
Cash at bank and in hand 41,145 - 41,145 42,633

CREDITORS
Amounts falling due within one year 5 (1,949 ) - (1,949 ) (643 )

NET CURRENT ASSETS 39,196 - 39,196 41,990

TOTAL ASSETS LESS CURRENT
LIABILITIES

39,196

-

39,196

41,990

NET ASSETS 39,196 - 39,196 41,990
FUNDS 6
Unrestricted funds 39,196 37,489
Restricted funds - 4,501
TOTAL FUNDS 39,196 41,990

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.

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 July 2024 and were signed on its behalf by:





Sean Green - Trustee

Kirkmichael and Tomintoul
Community Association Ltd.

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.

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
£    £   
Fundraising events 1,123 -
Race income 194 3,082
1,317 3,082


Kirkmichael and Tomintoul
Community Association Ltd.

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

3. 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.


4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 4,900 - 4,900

Other trading activities 3,082 - 3,082
Total 7,982 - 7,982

EXPENDITURE ON
Charitable activities
General Fund
1,966 - 1,966

NET INCOME 6,016 - 6,016
Transfers between funds 1,491 (1,491 ) -
Net movement in funds 7,507 (1,491 ) 6,016

RECONCILIATION OF FUNDS
Total funds brought forward 29,982 5,992 35,974

TOTAL FUNDS CARRIED FORWARD 37,489 4,501 41,990


Kirkmichael and Tomintoul
Community Association Ltd.

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Accrued expenses 1,949 643

6. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 37,489 (2,794 ) 4,501 39,196

Restricted funds
Unknown fund 4,501 - (4,501 ) -

TOTAL FUNDS 41,990 (2,794 ) - 39,196

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,722 (4,516 ) (2,794 )

TOTAL FUNDS 1,722 (4,516 ) (2,794 )


Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General fund 29,982 6,016 1,491 37,489

Restricted funds
Unknown fund 4,501 - - 4,501
Touler 10k 1,491 - (1,491 ) -
5,992 - (1,491 ) 4,501
TOTAL FUNDS 35,974 6,016 - 41,990

Kirkmichael and Tomintoul
Community Association Ltd.

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. 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 7,982 (1,966 ) 6,016

TOTAL FUNDS 7,982 (1,966 ) 6,016

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

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 29,982 3,222 5,992 39,196

Restricted funds
Unknown fund 4,501 - (4,501 ) -
Touler 10k 1,491 - (1,491 ) -
5,992 - (5,992 ) -
TOTAL FUNDS 35,974 3,222 - 39,196

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 9,704 (6,482 ) 3,222

TOTAL FUNDS 9,704 (6,482 ) 3,222


Kirkmichael and Tomintoul
Community Association Ltd.

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.