Roe Valley Ancestral Researchers Ltd Charity No. N1107879 Company No. N1665432 Directors, Report and Unaudited Accounts 31 March 2024 Vale Accountants Roe Valley Ancestral Researchers Llmited Contents Pages Trustees. Annual Report Independent Examiner's Report Statement of Financial Activitie5 Summary Income and Expenditure Account Balance Sheet ststement of Cash flows Notes to the Attounts IOto16 Detailed Ststement of Financial Activrties 17to18 Page I Roe Valley Ancestral Researthers Umlted ststement of Flnandal Actlvltles for the year ended 31 March 2024 Unrestrlrted funds Totsi funds Totsi funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitsble activities 10,880 3,046 10.880 3,046 1.698 799 Totsi 13,926 13.926 2,497 Expendlture on: Raising funds Other 1,056 17,648 1,056 17,648 18 8,296 Total 18.704 18,704 8,314 Net gains on investments Net expendlture Transfers between funds (4,778) (4,778) 15,817) Net expendlture before other galnsl(lossesl 14,778) 14,7781 (5,817) Other galns and losses Net movement In funds (4,778) (4,778) 15,817) Reconclllatlon of funds: Total funds brought forward 12,036 12,036 17,853 Total funds carrled forward 7,258 7,258 12.036 Page 6 Roe Valley Ancestral Researchers Llmlted Summary Income and Expendlture Account for the year ended 31 Marth 2024 2024 2023 Income 13,926 2,497 Gr055 Income for the year Expenditure 13,926 2,497 14,604 4,248 Depreciation and charges for Impairment of fixed assets 4,100 4,066 Totsi expendlture for the year Net expenditure before tax for the year 18.704 8,314 (4,778) {5,817) Net expendlture for the year (4,778) (5,8171 Page 7 Roe Valley Ancestral Researchers Umlted Balan￿ Sheet at 31 Marth 2024 Company No. N1665432 Notes 2024 2023 Flxed assets Tangible assets 8,159 8,159 12,090 12,090 Current assets Debtors Cash at bank and in hand 10 3,562 412 83 127 3,974 (4,028 (54) 12,036 Credltors: Amount falling due within one year Net current Ilabllltles 11 (1,028) (9011 7,258 Total assets less current Ilabllltles Credltors: Amounts falling due after more than one year Net assets exdudlng penslon asset or Ilablllty Totsi net assets 12 7,258 12,036 7,258 12,036 Thefunds ofthetharlty Restricted funds Unrestrlcted funds General funds 13 13 6,278 12,036 Designated funds 7,258 12,036 Reserves 13 Totsi fvnds 7,258 12,036 These accounts have been prepared in accordance with the special provisions of Part IS of the Companles Act 2006 relating to small companies. For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The mernbers have not required the company to obtsin an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 31 March 2024 And signed on its behalf by: Elizabeth Ferguson Trustee 31 March 2024 Page 8 Roe Valley Ancestral Researcher5 Umlted Statement of Cash flows for the year ended 31 Marth 2024 2024 2023 Cash flows from operadng actlvltles Net expendlture per Statement of Finandal Actlvltles (4,778) (5.817) Adjustments for: Depreclation of property, plant and equipment Decrease in trade and other receivables Increase/(Decrease) in trade and other payables 4,100 3,518 100 4,066 2,755 11,200) Net cash provlded by/(used In) operatln8 actlvltles 2,940 (1961 Cash flows from Investlng acthiltles Payments for property, plant and equipment (169) Net cash used In Investlng actlvltles {169) Cash flows from flnandn8 actlvltles Repayment of borrowlngs 13,000) Net cash used In flnandng actlvltles (3,000) Net decrease In cash and cash equlvalents {229) (196 Cash and cash equlvalents at the beglnnln8 of the year 412 508 Cash and cash equlvalents at the end of the year 183 312 Components of cash and equlvalents Cash and bank balances 83 412 83 412 Page 9 Roe Valley Ancestral Researthers Limlted Notes to the Accounts for the year ended 31 Marth 2024 l Accountln8 pollaes Basls of PTeparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. ststement 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 I January 2015) - {Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Change In basls of accountlng or to prevlous accounts There has been no change to the accounting policies {valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountln8 Unrestricted funds These are avallable for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are avallable for use subject to re5trlctions imposed by the donor or through terms of an appeal. Deswnated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities {SoFA) when the charity becomes entltled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficlent reliabllity. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntsry income recetved by way of grants, donations and grfts is Included in the the SOFA when receiyable and only when the Charity has unconditlonal entitlement to the income, Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relate5. Donated seNices These are only included In income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/{losses) on investment assets This includes any gain or loss on the Sale of investments. Page 10 Roe Valley Ancestral Researchers Llmlted Notes to the Accounts £xpwdlture Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraislng raising funds trading costs and investment management costs. Expenditure on These cornprise the costs incurred by the Charsty in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any aUdI￿1ndependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. Grants payable Governance costs Taxatlon The charity is exempt from corporation tax on its charltable activities. Tanglble flxed assets and depredatlon Depreciation is provided at the following annual rates in order to write off each a55et over its estimated useful life: Equipment, flxtures & fittings 20% Straight line Freehold Investment property Investment properties are measured initlally at cost and subsequently at falr value at each balance sheet date and are not depreciated. All gains or losses are tsken to the Ststement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other short-term h￿hlY liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 11 Roe Valley Ancestral Researchers Llmlted Notes to the Accounts Trade and other credltor5 Short term creditors are measured at the transartion price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year in which it is incurfed. Forelgn ￿TrencIeS Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are tsken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taklng substantially all the risks and rewards of ownership of an asset the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charty are classified as operating leases. Assets held under finance leases are Initially recognised as assets of the charity at thelr fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligatlon. Lease payments are apportioned between finance expenses and reduction of the lease obllgation so as to achieve a constant rate of interest on the remaining balance of the liabilty. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitslised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-llne basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Penslon costs The charity operates a defined contribution plan for its employees. A defined contributlon plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Recelpt of donated goods, facllltles and servl All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estirnate of the value to the charty. Page 12 Roe Valley Ancestral Researchers Llmlted Notes to the Accounts 2 Company status The company is a priwdte company limited byguarantee and consequently does not have share capital. 3 Staterne￿t of Rnandal Actlvitles - prlor year Unrestricted funds Total funds 2023 2023 Income and endowments from: Donations and legacies Charitable activities 1,698 799 1.698 799 Total 2,497 2,497 Expenthture on: Raising funds Other 18 18 8,296 8,296 Total 8,314 8,314 Net Inc