IRIS Accounts Production v24.1.0.578 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1570352023-03-31SC1570352024-03-31SC1570352023-04-012024-03-31SC1570352022-03-31SC1570352022-04-012023-03-31SC1570352023-03-31SC157035ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-31SC157035ns15:PoundSterling2023-04-012024-03-31SC157035ns11:FRS1022023-04-012024-03-31SC157035ns11:IndependentExaminationCharity2023-04-012024-03-31SC157035ns11:LargeMedium-sizedCompaniesRegimeForAccounts2023-04-012024-03-31SC157035ns11:FullAccounts2023-04-012024-03-31SC157035ns11:CharitiesSORP2023-04-012024-03-31SC157035ns16:EnglandWales2023-04-012024-03-31SC157035ns11:RegisteredOffice2023-04-012024-03-31SC157035ns0:Trustee22023-04-012024-03-31SC157035ns0:Trustee32023-04-012024-03-31SC157035ns0:Trustee42023-04-012024-03-31SC157035ns0:Trustee52023-04-012024-03-31SC157035ns0:Trustee62023-04-012024-03-31SC157035ns0:Trustee72023-04-012024-03-31SC157035ns0:Trustee82023-04-012024-03-31SC157035ns0:Trustee12023-04-012024-03-31SC157035ns0:Trustee92023-04-012024-03-31SC157035ns0:Trustee102023-04-012024-03-31SC157035ns0:Trustee112023-04-012024-03-31SC157035ns0:Trustee122023-04-012024-03-31SC157035ns0:Trustee132023-04-012024-03-31SC157035ns0:Trustee142023-04-012024-03-31SC157035ns11:CompanySecretary12023-04-012024-03-31SC157035ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC157035ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC157035ns0:Activity82023-04-012024-03-31SC157035ns0:Activity8ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC157035ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC157035ns0:Activity82022-04-012023-03-31SC157035ns0:TotalUnrestrictedFunds2023-03-31SC157035ns0:TotalRestrictedIncomeFunds2023-03-31SC157035ns0:TotalUnrestrictedFunds2024-03-31SC157035ns0:TotalRestrictedIncomeFunds2024-03-31SC157035ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-31SC157035ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2024-03-31SC157035ns10:WithinOneYear2024-03-31SC157035ns10:WithinOneYear2023-03-31SC157035ns0:TotalUnrestrictedFundsns10:AfterOneYear2024-03-31SC157035ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2024-03-31SC157035ns10:AfterOneYear2024-03-31SC157035ns10:AfterOneYear2023-03-31SC15703522023-04-012024-03-31SC15703512023-04-012024-03-31SC15703512022-04-012023-03-31SC157035ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC157035ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC157035ns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC157035ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31
REGISTERED COMPANY NUMBER: SC157035 (Scotland)
REGISTERED CHARITY NUMBER: 029710














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Machars Action Ltd.
Machars Action Ltd.

Machars Action Ltd.
Machars Action 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 to 6

Notes to the Financial Statements 7 to 11

Machars Action Ltd. (Registered number: SC157035)
Machars Action Ltd.

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).

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
SC157035 (Scotland)

Registered Charity number
029710

Registered office
26 South Main Street
Wigtown
Newton Stewart
Dumfries & Galloway
DG8 9EH

Trustees
K M Dean Cleaner
Mrs J R Harkes Retiree (resigned 15.6.23)
R A Kay Retired
Ms M Maltman Retired (resigned 16.4.24)
R W H Richmond Retired (resigned 15.6.23)
Mrs K Walker Currie Gardener (resigned 24.2.24)
Ms C Hill (resigned 31.3.24)
Mrs N Court Hotelier (appointed 1.8.23)
Ms G E Hay Self Employed (appointed 13.3.24)
Ms B L H Jones Project Manager (appointed 10.1.24) (resigned 12.5.24)
A Kerr-Sutherland Semi - Retired (appointed 14.6.23) (resigned 29.5.24)
Mrs G Kiernan Registered General Nurse (resigned 14.4.23)
J Sloan Retired (appointed 1.1.24)
Mrs M Sneddon Retired (appointed 26.10.23) (resigned 23.5.24)

Company Secretary
Dr C A Lochrie

Independent Examiner
Gordon Reid Accountancy
The Cottage
Auchenmalg
Glenluce
Newton Stewart
Dumfries & Galloway
DG8 0JR

Approved by order of the board of trustees on 18 December 2024 and signed on its behalf by:



Machars Action Ltd. (Registered number: SC157035)
Machars Action Ltd.

Report of the Trustees
for the Year Ended 31 March 2024




Mrs N Court - Trustee

Independent Examiner's Report to the Trustees of
Machars Action Ltd.

Independent examiner's report to the trustees of Machars Action Ltd. ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Gordon Reid

Gordon Reid Accountancy
The Cottage
Auchenmalg
Glenluce
Newton Stewart
Dumfries & Galloway
DG8 0JR

Date: .............................................

Machars Action Ltd.
Machars Action Ltd.

Statement of Financial Activities
for the Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - - - 3

Charitable activities
Grant Income 2,300 - 2,300 45,841

Other trading activities 2 99,453 - 99,453 84,948
Other income 3,000 - 3,000 690
Total 104,753 - 104,753 131,482

EXPENDITURE ON
Raising funds 2,353 - 2,353 2,376

Charitable activities
Grant Income 119,041 - 119,041 115,968
Total 121,394 - 121,394 118,344

NET INCOME/(EXPENDITURE) (16,641 ) - (16,641 ) 13,138
Other recognised gains/(losses)
Actuarial gains/(losses) on defined benefit
schemes

-

-

-

(10,330

)
Net movement in funds (16,641 ) - (16,641 ) 2,808

RECONCILIATION OF FUNDS
Total funds brought forward 2,693 (1,895 ) 798 (2,010 )

TOTAL FUNDS CARRIED FORWARD (13,948 ) (1,895 ) (15,843 ) 798

Machars Action Ltd. (Registered number: SC157035)
Machars Action Ltd.

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
CURRENT ASSETS
Cash at bank and in hand 12,013 (1,970 ) 10,043 25,686

CREDITORS
Amounts falling due within one year 6 (2,367 ) 75 (2,292 ) (9,012 )

NET CURRENT ASSETS/(LIABILITIES) 9,646 (1,895 ) 7,751 16,674

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,646

(1,895

)

7,751

16,674

CREDITORS
Amounts falling due after more than one year 7 (23,594 ) - (23,594 ) (15,876 )

NET ASSETS (13,948 ) (1,895 ) (15,843 ) 798
FUNDS 8
Unrestricted funds (13,948 ) 2,693
Restricted funds (1,895 ) (1,895 )
TOTAL FUNDS (15,843 ) 798

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.


Machars Action Ltd. (Registered number: SC157035)
Machars Action Ltd.

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 18 December 2024 and were signed on its behalf by:





N Court - Trustee

Machars Action Ltd.
Machars Action 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.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES
31.3.24 31.3.23
£    £   
Shop income 10,859 5,247
Rental Income 22,520 21,314
Salaries Recharges 48,764 37,973
Admin Recharges 17,310 20,414
99,453 84,948


Machars Action Ltd.
Machars Action 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. STAFF COSTS

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

31.3.24 31.3.23
Administration 6 8

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

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 - 3

Charitable activities
Grant Income 45,841 - 45,841

Other trading activities 84,948 - 84,948
Other income 690 - 690
Total 131,482 - 131,482

EXPENDITURE ON
Raising funds 2,376 - 2,376

Charitable activities
Grant Income 115,968 - 115,968
Total 118,344 - 118,344

NET INCOME 13,138 - 13,138
Other recognised gains/(losses)
Actuarial gains/(losses) on defined benefit
schemes

(10,330

)

-

(10,330

)
Net movement in funds 2,808 - 2,808

RECONCILIATION OF FUNDS
Total funds brought forward (115 ) (1,895 ) (2,010 )


Machars Action Ltd.
Machars Action Ltd.

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

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£    £    £   
TOTAL FUNDS CARRIED FORWARD 2,693 (1,895 ) 798

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 951 4,949
Permits 94 2,712
Social security and other taxes 1,247 1,036
MAC-AN Account - 315
2,292 9,012

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 5,876 5,876
Other creditors 17,718 10,000
23,594 15,876

8. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 2,693 (16,641 ) (13,948 )

Restricted funds
Funds Restricted (1,895 ) - (1,895 )

TOTAL FUNDS 798 (16,641 ) (15,843 )

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 104,753 (121,394 ) (16,641 )

TOTAL FUNDS 104,753 (121,394 ) (16,641 )


Machars Action Ltd.
Machars Action Ltd.

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

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund (115 ) 2,808 2,693

Restricted funds
Funds Restricted (1,895 ) - (1,895 )

TOTAL FUNDS (2,010 ) 2,808 798

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 131,482 (118,344 ) (10,330 ) 2,808

TOTAL FUNDS 131,482 (118,344 ) (10,330 ) 2,808

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 (115 ) (13,833 ) (13,948 )

Restricted funds
Funds Restricted (1,895 ) - (1,895 )

TOTAL FUNDS (2,010 ) (13,833 ) (15,843 )

Machars Action Ltd.
Machars Action Ltd.

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

8. 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 Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 236,235 (239,738 ) (10,330 ) (13,833 )

TOTAL FUNDS 236,235 (239,738 ) (10,330 ) (13,833 )

9. RELATED PARTY DISCLOSURES

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