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Company Limited by Guarantee
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For the year ended
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Company Limited by Guarantee
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Financial Statements
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Page
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Trustees' annual report (incorporating the directors' report)
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1
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Independent examiner's report to the trustees
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4
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Statement of financial activities (including income and expenditure account)
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6
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Statement of financial position
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7
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Notes to the financial statements
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9
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Company Limited by Guarantee
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Trustees' Annual Report (Incorporating the Directors' Report)
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Registered charity name
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Charity registration number
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Company registration number
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Principal office and registered
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51 Atholl Road
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office
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Pitlochry
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Perthshire
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PH16 5BU
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Company secretary
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Independent examiner
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30 Bonnethill Road
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Pitlochry
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PH16 5BS
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Trustee
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Company Limited by Guarantee
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Independent Examiner's Report to the Trustees of
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Company Limited by Guarantee
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Statement of Financial Activities
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(including income and expenditure account)
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2022
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2021
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|||
Unrestricted funds
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Restricted funds
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Total funds
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Total funds
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|
Note
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£
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£
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£
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£
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Donations and legacies
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5
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|
–
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|
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Charitable activities
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6
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–
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Other income
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7
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–
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–
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–
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--------
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----
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--------
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--------
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Total income
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–
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--------
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----
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--------
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--------
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Expenditure on charitable activities
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8,9
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|
|
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Other expenditure
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11
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–
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–
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–
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--------
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-------
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--------
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--------
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||
Total expenditure
|
|
|
|
|
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--------
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-------
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--------
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--------
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||
--------
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-------
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--------
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--------
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Net (expenditure)/income and net movement in funds
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(
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(
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(
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--------
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-------
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--------
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--------
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Total funds brought forward
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(
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|
|
(
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--------
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--------
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--------
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--------
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Total funds carried forward
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(
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|
|
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--------
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--------
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--------
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--------
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Company Limited by Guarantee
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Statement of Financial Position
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2022
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2021
|
||
Note
|
£
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£
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£
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Tangible fixed assets
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16
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|
|
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Debtors
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17
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|
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Cash at bank and in hand
|
|
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--------
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--------
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|||
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|||
Creditors: amounts falling due within one year
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18
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|
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--------
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--------
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|||
Net current assets
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|
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--------
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--------
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|||
Total assets less current liabilities
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|
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Creditors: amounts falling due after more than one year
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19
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–
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--------
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--------
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|||
Net assets
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|
|
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--------
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--------
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|||
Restricted funds
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|
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Unrestricted funds
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(
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(
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--------
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--------
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|||
Total charity funds
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20
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|
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--------
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--------
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Company Limited by Guarantee
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Statement of Financial Position (continued)
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Trustee
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Company Limited by Guarantee
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Notes to the Financial Statements
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Equipment
|
-
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|
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Unrestricted Funds
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Restricted Funds
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Total Funds 2022
|
||
£
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£
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£
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||
Donations
|
28,130
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–
|
28,130
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|
SSE
|
–
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–
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–
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Perth & Kinross Council
|
–
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–
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–
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Other grants receivable
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–
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–
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–
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--------
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----
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--------
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||
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–
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|
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--------
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----
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--------
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Unrestricted Funds
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Restricted Funds
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Total Funds 2021
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||
£
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£
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£
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||
Donations
|
9,900
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–
|
9,900
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SSE
|
6,000
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–
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6,000
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Perth & Kinross Council
|
10,000
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31,641
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41,641
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|
Other grants receivable
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9,000
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–
|
9,000
|
|
--------
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--------
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--------
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--------
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--------
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--------
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Unrestricted Funds
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Total Funds 2022
|
Unrestricted Funds
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Total Funds 2021
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||
£
|
£
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£
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£
|
||
Broadband subscriptions and installations
|
|
|
|
|
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--------
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--------
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-------
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-------
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Unrestricted Funds
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Total Funds 2022
|
Unrestricted Funds
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Total Funds 2021
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||
£
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£
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£
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£
|
||
Sublet property income
|
–
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–
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|
|
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----
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----
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--------
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--------
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Unrestricted Funds
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Restricted Funds
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Total Funds 2022
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||
£
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£
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£
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||
Community projects
|
1,095
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–
|
1,095
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Community broadband
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3,750
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1,507
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5,256
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Property letting
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19,343
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–
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19,343
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Support costs
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16,567
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–
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16,568
|
|
--------
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-------
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--------
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|
|
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--------
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-------
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--------
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Unrestricted Funds
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Restricted Funds
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Total Funds 2021
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||
£
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£
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£
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Community projects
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3,000
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–
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3,000
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Community broadband
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7,905
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400
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8,305
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Property letting
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–
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–
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–
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Support costs
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16,371
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–
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16,371
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--------
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----
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--------
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--------
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----
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--------
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Activities undertaken directly
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Support costs
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Total funds 2022
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Total fund 2021
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||
£
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£
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£
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£
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Community projects
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1,095
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787
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1,882
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3,774
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Community broadband
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5,256
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3,173
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8,429
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11,443
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Property letting
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19,343
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10,569
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29,912
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10,351
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Governance costs
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–
|
2,039
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2,039
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2,108
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--------
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--------
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--------
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--------
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--------
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--------
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--------
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--------
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Community projects
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Broadband
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Property letting
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Total 2022
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Total 2021
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£
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£
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£
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£
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£
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Premises
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712
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2,948
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10,569
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14,229
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13,963
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Communications and IT
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75
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225
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–
|
300
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300
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|
Governance costs
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–
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2,039
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–
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2,039
|
2,108
|
|
----
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-------
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--------
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--------
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--------
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787
|
5,212
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10,569
|
16,568
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16,371
|
||
----
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-------
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--------
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--------
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--------
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Unrestricted Funds
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Total Funds 2022
|
Unrestricted Funds
|
Total Funds 2021
|
||
£
|
£
|
£
|
£
|
||
Tax penalties and interest
|
–
|
–
|
|
|
|
----
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----
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----
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----
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2022
|
2021
|
|
£
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£
|
|
Depreciation of tangible fixed assets
|
2,362
|
2,604
|
-------
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-------
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|
2022
|
2021
|
|
£
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£
|
|
Independent examination of the financial statements
|
800
|
800
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----
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----
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Equipment
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Total
|
|
£
|
£
|
|
Cost
|
||
At 1 April 2021
|
|
|
Additions
|
|
|
---------
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---------
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|
At 31 March 2022
|
|
|
---------
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---------
|
|
Depreciation
|
||
At 1 April 2021
|
|
|
Charge for the year
|
|
|
---------
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---------
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At 31 March 2022
|
|
|
---------
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---------
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Carrying amount
|
||
At 31 March 2022
|
|
|
---------
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---------
|
|
At 31 March 2021
|
|
|
---------
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---------
|
|
2022
|
2021
|
|
£
|
£
|
|
Prepayments and accrued income
|
|
|
Loan to Heartland FM
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–
|
|
Other debtors
|
|
|
-------
|
--------
|
|
|
|
|
-------
|
--------
|
|
2022
|
2021
|
|
£
|
£
|
|
Accruals and deferred income
|
|
|
Social security and other taxes
|
|
–
|
Other creditors
|
|
|
-------
|
-------
|
|
|
|
|
-------
|
-------
|
|
2022
|
2021
|
|
£
|
£
|
|
Loan from G Huggins
|
–
|
|
----
|
--------
|
|
At 1 April 2021
|
Income
|
Expenditure
|
At 31 March 2022
|
|
£
|
£
|
£
|
£
|
|
General funds
|
(1,137)
|
38,431
|
(40,755)
|
(3,461)
|
-------
|
--------
|
--------
|
-------
|
|
At 1 April 2020
|
Income
|
Expenditure
|
At 31 March 2021
|
|
£
|
£
|
£
|
£
|
|
General funds
|
(24,716)
|
50,953
|
(27,374)
|
(1,137)
|
--------
|
--------
|
--------
|
-------
|
|
At 1 April 2021
|
Income
|
Expenditure
|
At 31 March 2022
|
|
£
|
£
|
£
|
£
|
|
General projects fund
|
(4,951)
|
–
|
–
|
(4,951)
|
Broadband construction and development fund
|
31,241
|
–
|
(1,507)
|
29,734
|
--------
|
----
|
-------
|
--------
|
|
26,290
|
–
|
(1,507)
|
24,783
|
|
--------
|
----
|
-------
|
--------
|
|
At 1 April 2020
|
Income
|
Expenditure
|
At 31 March 2021
|
|
£
|
£
|
£
|
£
|
|
General projects fund
|
(4,951)
|
–
|
–
|
(4,951)
|
Broadband construction and development fund
|
–
|
31,641
|
(400)
|
31,241
|
-------
|
--------
|
----
|
--------
|
|
(4,951)
|
31,641
|
(400)
|
26,290
|
|
-------
|
--------
|
----
|
--------
|
|
Unrestricted Funds
|
Restricted Funds
|
Total Funds 2022
|
||
£
|
£
|
£
|
||
Tangible fixed assets
|
856
|
5,623
|
6,479
|
|
Current assets
|
900
|
19,160
|
20,060
|
|
Creditors less than 1 year
|
(5,217)
|
–
|
(5,217)
|
|
Creditors greater than 1 year
|
–
|
–
|
–
|
|
-------
|
--------
|
--------
|
||
Net assets
|
(3,461)
|
24,783
|
21,322
|
|
-------
|
--------
|
--------
|
||
Unrestricted Funds
|
Restricted Funds
|
Total Funds 2021
|
||
£
|
£
|
£
|
||
Tangible fixed assets
|
1,711
|
1,600
|
3,311
|
|
Current assets
|
41,262
|
24,690
|
65,952
|
|
Creditors less than 1 year
|
(5,980)
|
–
|
(5,980)
|
|
Creditors greater than 1 year
|
(38,130)
|
–
|
(38,130)
|
|
--------
|
--------
|
--------
|
||
Net assets
|
(1,137)
|
26,290
|
25,153
|
|
--------
|
--------
|
--------
|
||