| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Kintessack Residents Association |
| (A Company Limited by Guarantee) |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Kintessack Residents Association |
| (A Company Limited by Guarantee) |
| Kintessack Residents Association |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| 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 | 9 |
| Kintessack Residents Association (Registered number: SC282281) |
| Report of the Trustees |
| for the Year Ended 31 March 2025 |
| 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 2025. 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). |
| The financial statements also comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The objective of the Association is to promote the benefit of the inhabitants of Kintessack and its environs in a common effort. |
| The charity aims to continue to involve as many residents as possible in the ongoing care and maintenance of the village green and bus stop area, while still looking for ways to improve their immediate local area. |
| Significant activities |
| Essential maintenance tasks and improvements to the area continue to be carried out by the local residents and professional maintenance company as required. The area proves to continue to be a popular, safe meeting place for the community. |
| FINANCIAL REVIEW |
| Financial position |
| The accounts on page 5 show a net expenditure of funds for the year of £NIL. |
| There has been no expenses incurred or income received in the year. |
| Reserves policy |
| The Reserve fund represents the unrestricted funds arising from past fund raising activities. The Board of Directors are satisfied that the balance of the fund is satisfactory given the current operational expenditure. The Board of Directors has examined the requirement to maintain free reserves and concluded that the most appropriate level is between 12 and 24 months of operational expenditure. |
| FUTURE PLANS |
| Essential maintenance is a necessity and the Board will continue to monitor this. What can be achieved in the future will depend on residents input and if necessary access to available funding. |
| 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. |
| The organisation is a charitable company limited by guarantee, incorporated on 30 March 2005 and registered as a charity as of that date. The activities of the unincorporated charity Kintessack Residents Association were transferred with effect on the same day. |
| The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. |
| Legal and administrative information set out on page 1 forms part of this report. |
| Kintessack Residents Association (Registered number: SC282281) |
| Report of the Trustees |
| for the Year Ended 31 March 2025 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Recruitment and appointment of new trustees |
| The directors of the charitable company ("the charity") are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. Under the requirements of the memorandum and articles of Association the minimum number of directors is three and one-third of the directors are required to retirement by rotation at each annual general meeting. |
| The Board of Directors seeks to ensure that the needs of all the people affected by its work are appropriately reflected through the diversity of the trustee body. Only members of the company may be appointed as directors. |
| Organisational structure |
| The trustees form a Board of Directors, which administers the charity. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Gordon Scott |
| Chartered Accountants |
| Scottca Ltd |
| 34 Ferryhill |
| Forres |
| Moray |
| IV36 2GY |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Kintessack Residents Association |
| I report on the accounts for the year ended 31 March 2025 set out on pages four to nine. |
| 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. |
| Gordon Scott BAcc CA |
| The Institute of Chartered Accountants of Scotland |
| Gordon Scott |
| Chartered Accountants |
| Scottca Ltd |
| 34 Ferryhill |
| Forres |
| Moray |
| IV36 2GY |
| 17 June 2025 |
| Kintessack Residents Association |
| Statement of Financial Activities |
| for the Year Ended 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 442 |
| Kintessack Residents Association (Registered number: SC282281) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| CURRENT ASSETS |
| Cash at bank |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 4 |
| Unrestricted funds | 142 |
| Restricted funds | 300 |
| TOTAL FUNDS | 442 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 |
| Kintessack Residents Association |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 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 also comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), 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. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| Kintessack Residents Association |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | fund | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 142 | 340 |
| TOTAL FUNDS CARRIED FORWARD | 142 | 300 | 442 |
| 4. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.4.24 | in funds | 31.3.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 142 | - | 142 |
| Restricted funds |
| Resticted | 300 | - | 300 |
| TOTAL FUNDS | - | 442 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| TOTAL FUNDS | - |
| Kintessack Residents Association |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.4.23 | in funds | 31.3.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 142 | - | 142 |
| Restricted funds |
| Resticted | 340 | (40 | ) | 300 |
| TOTAL FUNDS | 482 | (40 | ) | 442 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 34 | (34 | ) | - |
| Restricted funds |
| Resticted | - | (40 | ) | (40 | ) |
| TOTAL FUNDS | 34 | (74 | ) | (40 | ) |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.4.23 | in funds | 31.3.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 142 | - | 142 |
| Restricted funds |
| Resticted | 340 | (40 | ) | 300 |
| TOTAL FUNDS | 482 | (40 | ) | 442 |
| Kintessack Residents Association |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | 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 | 34 | (34 | ) | - |
| Restricted funds |
| Resticted | - | (40 | ) | (40 | ) |
| TOTAL FUNDS | 34 | (74 | ) | (40 | ) |
| 5. | RELATED PARTY DISCLOSURES |