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REGISTERED CHARITY NUMBER:
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Report of the Trustees and |
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Financial Statements for the Year Ended 31 March 2021 |
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URRAS NA HEARADH |
REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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Report of the Trustees and |
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Financial Statements for the Year Ended 31 March 2021 |
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URRAS NA HEARADH |
URRAS NA HEARADH |
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Contents of the Financial Statements |
for the Year Ended 31 March 2021 |
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Report of the Trustees | 1 | to | 2 |
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Independent Examiner's Report | 3 |
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Statement of Financial Activities | 4 |
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Balance Sheet | 5 |
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Notes to the Financial Statements | 6 | to | 9 |
URRAS NA HEARADH (REGISTERED NUMBER: SC206325) |
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Report of the Trustees |
for the Year Ended 31 March 2021 |
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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 2021. 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). |
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OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The Company's objects are to relieve poverty, advance education and do all other such things that may benefit the communities of the Isle of Harris provided all such things are charitable in law. In furtherance of these objects the company has been providing training in traditional boatbuilding skills and providing a programme of guided walks interpreting the natural heritage of Harris |
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ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
The charity sought to continue a programme of guided walks, although no such walks actually took place during the year. |
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FINANCIAL REVIEW |
Reserves policy |
The company operates charitable projects which are the subject of specific funding. It has no major core costs and accordingly the directors do not consider it necessary to build up an unrestricted reserve fund. |
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FUTURE PLANS |
The trustees continue to seek ways of furthering the charity's objectives. |
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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. |
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Urras na Hearadh is a charitable company limited by guarantee, incorporated on 14 April 2000. The company is 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. |
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Recruitment and appointment of new trustees |
Members of the board of directors, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are as detailed on page 1. |
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Membership of the company consists solely of Nominated Members being individuals, institutions and organisations who support the objects of the company and whom the board deem appropriate to be represented among the membership. Nominated Members are entitled to appoint one or more directors; a Nominated Member who is an individual may appoint only himself to serve as a director. Harris Development Limited may appoint 6 directors; Comhairle nan Eilean Siar may appoint 4 directors; Western Isles Enterprise, Scottish Natural Heritage, North Harris Community Council, South Harris Community Council, Harris Voluntary Service, Bays of Harris Association, David Cameron & John MacAulay may appoint 1 director each. |
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REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
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Registered Charity number |
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URRAS NA HEARADH (REGISTERED NUMBER: SC206325) |
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Report of the Trustees |
for the Year Ended 31 March 2021 |
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Registered office |
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Trustees |
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Independent Examiner |
A Cumming |
Institute of Chartered Accountants of Scotland |
Mann Judd Gordon Ltd |
Chartered Accountants |
26 Lewis Street |
Stornoway |
Isle of Lewis |
HS1 2JF |
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STATEMENT OF TRUSTEES' RESPONSIBILITIES |
The trustees (who are also the directors of Urras na Hearadh for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
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Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
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- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
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The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
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This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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Approved by order of the board of trustees on
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Independent Examiner's Report to the Trustees of |
Urras na Hearadh |
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I report on the accounts for the year ended 31 March 2021 set out on pages four to nine. |
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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. |
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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. |
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Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
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(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
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- | 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 |
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have not been met; or |
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(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
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A Cumming |
Institute of Chartered Accountants of Scotland |
Mann Judd Gordon Ltd |
Chartered Accountants |
26 Lewis Street |
Stornoway |
Isle of Lewis |
HS1 2JF |
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23 December 2021 |
URRAS NA HEARADH |
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Statement of Financial Activities |
for the Year Ended 31 March 2021 |
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31.3.21 | 31.3.20 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
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EXPENDITURE ON |
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Other | 2 |
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NET INCOME/(EXPENDITURE) | 2 | ( |
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RECONCILIATION OF FUNDS |
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Total funds brought forward | 2 |
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TOTAL FUNDS CARRIED FORWARD | 2 |
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1,185 |
URRAS NA HEARADH (REGISTERED NUMBER: SC206325) |
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Balance Sheet |
31 March 2021 |
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31.3.21 | 31.3.20 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
CURRENT ASSETS |
Cash at bank |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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NET ASSETS |
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FUNDS | 5 |
Unrestricted funds |
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1,185 |
TOTAL FUNDS |
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1,185 |
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. |
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The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. |
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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. |
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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
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The financial statements were approved by the Board of Trustees and authorised for issue on
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URRAS NA HEARADH |
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Notes to the Financial Statements |
for the Year Ended 31 March 2021 |
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1. | ACCOUNTING POLICIES |
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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. |
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The presentation currency of the accounts is Pound sterling (£). |
The accounts are rounded to the nearest £1 |
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Financial reporting standard 102 - reduced disclosure exemptions |
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
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• | the requirements of Section 7 Statement of Cash Flows; |
• | the requirement of paragraph 3.17(d); |
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c); |
• | the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A; |
• | the requirement of paragraph 33.7. |
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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. |
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Taxation |
The charity is exempt from corporation tax on its charitable activities. |
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Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
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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. |
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2. | OTHER |
31.3.21 | 31.3.20 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Bank charges | 80 | - | 80 | 91 |
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URRAS NA HEARADH |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2021 |
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3. | TRUSTEES' REMUNERATION AND BENEFITS |
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There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. |
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Trustees' expenses |
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There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. |
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4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
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EXPENDITURE ON |
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Other |
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NET INCOME/(EXPENDITURE) | ( |
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RECONCILIATION OF FUNDS |
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Total funds brought forward | 1,276 | - |
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TOTAL FUNDS CARRIED FORWARD | 1,185 | - | 1,185 |
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5. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.20 | in funds | 31.3.21 |
£ | £ | £ |
Unrestricted funds |
General fund | 1,185 | (80 | ) | 1,105 |
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TOTAL FUNDS |
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(80 | ) | 1,105 |
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Net movement in funds, included in the above are as follows: |
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Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | - | (80 | ) | (80 | ) |
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TOTAL FUNDS |
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URRAS NA HEARADH |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2021 |
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5. | MOVEMENT IN FUNDS - continued |
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Comparatives for movement in funds |
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Net |
movement | At |
At 1.4.19 | in funds | 31.3.20 |
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Unrestricted funds |
General fund | 1,276 | (91 | ) | 1,185 |
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TOTAL FUNDS | 1,276 | (91 | ) | 1,185 |
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Comparative net movement in funds, included in the above are as follows: |
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Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | - | (91 | ) | (91 | ) |
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TOTAL FUNDS | - | (91 | ) | (91 | ) |
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A current year 12 months and prior year 12 months combined position is as follows: |
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Net |
movement | At |
At 1.4.19 | in funds | 31.3.21 |
£ | £ | £ |
Unrestricted funds |
General fund | 1,276 | (171 | ) | 1,105 |
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TOTAL FUNDS | 1,276 | (171 | ) | 1,105 |
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
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Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | - | (171 | ) | (171 | ) |
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TOTAL FUNDS | - | (171 | ) | (171 | ) |
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URRAS NA HEARADH |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2021 |
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6. | RELATED PARTY DISCLOSURES |
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7. | ULTIMATE CONTROLLING PARTY |
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There is no ultimate controlling party. |