##
##
##
||~
~|||
|---|---|---|---|
|Note 2
Accounting
policies||||
|INCONIING RESOURCES
Recognition of incoming
resources
These are included
in the Statement
of Financial Activities (SoFA) when:
~
the charity becomes entitled to the resources;
~
the trustees are virtually
certain they will receive the resources; and||||
||e
the monetary
value can be measured
with sufficient
reliability.|||
|Incoming resources with
related expenditure
Grants and donations|Where incoming
resources have related expenditure
(as with fundraising
or contract income)
the incoming
resources and related expenditure
are reported gross in the SoFA.
Grants and donations are only included
in the SoFA when the charity has unconditional|||
||entitlement
to the resources.|||
|Tax reclaims on donations|Incoming
resources from tax reclaims are included
in the SoFA at the same time as the gift||to|
|and gifts
Contractual
income and|which they relate.
This is only included
in the SoFA once the related goods or services have been delivered.|||
|performance
related grants|Gifts in kind are accounted for at a reasonable
estimate oftheir value to the charity or the|||
|Gifts in kind|amount
actually realised.|||
||Gifts in kind for sale or distribution
are included
in the accounts as gifts only when sold or|||
||distributed
by the charity.|||
||Gifts in kind for use by the charity are included
in the SoFAas incoming resources when|||
||receivable.|||
|Donated services and
facilities|These are only included
in incoming
resources
(with an equivalent
amount
in resources
expended)
where the benefit to the charity is reasonably
quantifiable,
measurable
and material.
The value placed on these resources
is the estimated
value to the charity ofthe service or|||
||facility received.|||
|Volunteer
help|The value ofany voluntary
help received is not included
in the accounts but is described
trustees'
annual
report.|in|the|
|Investment
income|This is included
in the accounts when receivable.|||
|investment
gains and losses|This includes any gain or loss on the sale ofinvestments
and any gain or loss resulting
from
revaluing
investments
to market value at the end ofthe year.|||
|EXPENDITURE AND
Liability recognition|LIABILITIES
Liabilities are recognised as soon as there isa legal or constructive
obligation
committing||the|
|Grants with performance
conditions|charity to pay out resources.
Where the charity gives a grant with conditions
for its payment
being a specific level ofservice
or output to be provided,
such grants are only recognised
in the SoFA once the recipient ofthe
grant has provided the specified service or output.|||
|Grants payable without
performance
conditions|These are only recognised
in the accounts when a commitment
has been made and there
no conditions to be met relating to the grant which remain
in the control ofthe charity.||are|
|ASSETS
Tangible fixed assets for use
These are capitalised
ifthey can be used for more than one year, and cost at least F300. They
by charity
are valued at cost or a reasonable
value on receipt.
Investments
Investments
quoted on a recognised stock exchange are valued at market value at the year
end.
Other investment
assets are included at trustees' best estimate of market value.||||
|Stocks and work in progress|These are valued at the lower ofcost or market value.|||
##
##
##
##
##
##
|||Freehold land
&buildings|Antiques
&Art
Works Chapel|Antiques
&Art
Works Chapel|Antiques
&Art
Works Chapel|Fixtures,
fittings and|Motor
Vehicles|Total||
|---|---|---|---|---|---|---|---|---|---|
|||||||equipment||||
|Balance brought||239,600|53,015|||148,651|3,000|||
|forward
Additions||||||10,000|||10,000|
|Balance carried||239,600|53,015|||158,651|3,000||454,266|
|forward||||||||||
|5.2Accumulated|depreciation
and impairment||||provisions|||||
||Basis|Striaght Line|None|||Reducing
Balance|Striaght Line|||
||Rate|2%pa||||25%|20%|||
|Balance brought||66,188||||143,139|3,000||212327|
|forward
Depreciation
charge||3,792||||1,378|||5,170|
|foryear||||||||||
|Additions
Balance carried||69,980||||144,517|3,000||217,497|
|forward||||||||||
|5.3Net book value
Brought forward
Carried forward||173,412
169,620||83,018
53,015||5,512
14,134|||231,939
236,769|
##
##
##
|Note 7|Oebtors and prepayrnen|ts|||||||
|---|---|---|---|---|---|---|---|---|
|Analysis ofdebtors|||Amounts
within|falling due
one year||Amounts
more|falling due after
than one year||
||||This year
f||Last year|This year||Last year
E|
|Trade debtors|||||||||
|Prepayments|||||||||
|||Total|||||||
|Note 8|Creditors and accruals||||||||
|8.1 Analysis ofcreditors|||||||||
||||Amounts|falling due||Amounts|falling due after||
||||within|one year||more|than|one year|
||||This year||Last year|This year||Last year|
|Loans and overdrafls|||167,317||157,317||||
|Trade creditors|||||||||
|Other creditors|||32,813||28,911||||
|Accruals and deferred|income||193||392||||
|||Total|||||||
##
|||||||||||Amounts|paid or benefit value|paid or benefit value|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Name|of|trustee|or|related|party|Legal authority
(eg order,
governing
document)|||This year||Last year|
|None|||||||None||||||
##
|9.2Loans|||||||
|---|---|---|---|---|---|---|
|||||Amount|owing||
||Name oftrustee or
related party||Legal authority|This year||Last year|
|Due totrustees and|RevJRIlacleod|None||164,317.00|K|154,317.00|
|related parties|||||||
|Due from trustees|None|None|||||
|and related parties|||||||
##
|9.3Other transaction(s)|with trustees|or rel|ated par|ties|||
|---|---|---|---|---|---|---|
|Name ofthe trustee|Relationship|to||Description ofthe|This year|Last year|
|or related party|charity|||transaction(s)|||
|None|None||None||||
##
##
##
##
|rustee name|ffice (ifany)|Dates acted ifnot forwhole
ear|Name ofperson
oint trustee|(or body) entitled to
ifan|
|---|---|---|---|---|
|Rev David
Hall|||||
|Rev J R MacLeod|||||
|Jean MacLeod|||||
##
##
##
##
##
##
##