**REGISTERED CHARITY NUMBER: SCO43835**
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31st December 2024
for
CAIRNGORMS RDA
Goldwells 15-17 High Street Kingussie Inverness-Shire PH21 1HS
CAIRNGORMS RDA
Contents of the Financial Statements For The Year Ended 31st December 2024
|||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|10|
|Detailed Statement of Financial Activities||11||
CAIRNGORMS RDA
Report of the Trustees For The Year Ended 31st December 2024
The trustees present their report with the financial statements of the charity for the year ended 31st December 2024. 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).
## **Objectives and activities**
## **Objectives and aims**
The objectives of the organisation is to promote the objects of the Riding for the Disabled Association incorporating Carriage Driving (Company No 5010395) a charity registered under Charity Number SC039473 ("the Company") by providing disabled people with the opportunity to ride and/or to carriage drive to the benefit of their health and wellbeing in the Badenoch and Strathspey (Inverness-shire) area. Cairngorms RDA is a Charity Registered in Scotland as a SCIO (No SC043835)
## **Achievements and performance**
## **Charitable activities**
As the RDA Group has been inactive since Year 2020 (Covid) nil fundraising took place until recently with a Burns Night Event in January 2024. Have had small donations year on year.
In the meantime we had to annually meet various Insurances for Field Shelter and Annual costs to RDA Central HQ.
After re-structure November 2024 now working towards Coaching Qualifications and can then restart full activities hopefully in Year 2025 due to known demand.
If not going as planned consider winding up RDA in current financial year to December 2025.
## **Financial review**
## **Performance and financial review**
The Statement of Financial Activities shows a net outgoing of resources for the year of £95.00
## **Reserves policy**
The reserves policy is to maintain sufficient liquidity to enable the association to operate and invest in equipment when appropriate, given the viability of year to year funding.
## **Structure, governance and management**
## **Governing document**
The Association is a SCIO that was incorporated on 6th March 2013 and registered in Scotland The association was founded by Constitution where the purposes and administration arrangements are set out, it is run by a committee which meets on a regular basis.
## **Reference and administrative details Registered Charity number**
SCO43835
## **Principal address**
Drumin Green Lane Kingussie Inverness-shire PH21 1JU
## **Trustees**
Ms R Cameron (resigned 15.1.24) E R Ormiston P Davidson Mrs F Laing D Tidmarsh J Macdonald C Renton (appointed 15.1.24)
Page 1
CAIRNGORMS RDA
Report of the Trustees For The Year Ended 31st December 2024
## **Reference and administrative details**
**Independent Examiner** Lorna Drummond Goldwells 15-17 High Street Kingussie Inverness-Shire PH21 1HS
Approved by order of the board of trustees on 12th August 2025 and signed on its behalf by:
E R Ormiston - Trustee
Page 2
Independent Examiner's Report to the Trustees of Cairngorms RDA
I report on the accounts for the year ended 31st December 2024 set out on pages four to ten.
## **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.
Lorna Drummond
The Association of Chartered Certified Accountants
Goldwells 15-17 High Street Kingussie Inverness-Shire PH21 1HS
12th August 2025
Page 3
## CAIRNGORMS RDA
Statement of Financial Activities For The Year Ended 31st December 2024
|Unrestricted
Restricted
funds
funds
Notes
£
£
**Income and endowments from**
Donations and legacies
-
-
Other trading activities
2
203
-
Other income
38
-
**Total**
241
-
**Expenditure on**
**Charitable activities**
Depreciation
32
-
Other costs
-
-
Equestrian activities
-
-
Support
304
-
**Total**
336
-
**NET INCOME/(EXPENDITURE)**
(95)
-
**Reconciliation of funds**
Total funds brought forward
11,864
8,000
**Total funds carried forward**
11,769
8,000|2024
Total
funds
£
-
203
38
241
32
-
-
304
336
(95)
19,864
19,769|2023
Total
funds
£
44
64
-
108
-
96
836
-
932
(824)
20,688
19,864|
|---|---|---|
The notes form part of these financial statements
Page 4
## CAIRNGORMS RDA
Balance Sheet 31st December 2024
|Unrestricted
Restricted
funds
funds
Notes
£
£
**Fixed assets**
Tangible assets
5
803
5,200
**Current assets**
Stocks
6
182
-
Cash at bank and in hand
10,928
2,800
11,110
2,800
**Creditors**
Amounts falling due within one year
7
(144)
-
**Net current assets**
10,966
2,800
**Total assets less current liabilities**
11,769
8,000
**NET ASSETS**
11,769
8,000
**Funds**
8
Unrestricted funds
Restricted funds
**Total funds**|2024
Total
funds
£
6,003
182
13,728
13,910
(144)
13,766
19,769
19,769
11,769
8,000
19,769|2023
Total
funds
£
6,035
182
13,791
13,973
(144)
13,829
19,864
19,864
11,864
8,000
19,864|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 12th August 2025 and were signed on its behalf by:
P Davidson - Trustee
The notes form part of these financial statements
Page 5
CAIRNGORMS RDA
Notes to the Financial Statements For The Year Ended 31st December 2024
## **1. Accounting policies**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 Charities and Trustee Investment (Scotland) Act 2005. 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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance Fixtures and fittings - 25% on reducing balance
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from 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.
Page 6
continued...
CAIRNGORMS RDA
Notes to the Financial Statements - continued For The Year Ended 31st December 2024
## **2. Other trading activities**
**----- Start of picture text -----**
2024 2023
£ £
Fundraising events 203 64
**----- End of picture text -----**
## **3. Trustees' remuneration and benefits**
There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023.
## **4. Comparatives for the statement of financial activities**
|Unrestricted
Restricted
funds
funds
£
£
**Income and endowments from**
Donations and legacies
44
-
Other trading activities
64
-
**Total**
108
-
**Expenditure on**
**Charitable activities**
Other costs
96
-
Equestrian activities
836
-
**Total**
932
-
**NET INCOME/(EXPENDITURE)**
(824)
-
**Reconciliation of funds**
Total funds brought forward
12,688
8,000
**Total funds carried forward**
11,864
8,000|Total
funds
£
44
64
108
96
836
932
(824)
20,688
19,864|
|---|---|
continued...
Page 7
## CAIRNGORMS RDA
Notes to the Financial Statements - continued For The Year Ended 31st December 2024
## **5. Tangible fixed assets**
|**5.**|**Tangible fixed assets**|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||Improvements|||Fixtures|||||
|||to|||and|Computer||||
|||property|Equipment||fittings|equipment|||Totals|
|||£|£||£|£|||£|
||**Cost**|||||||||
||At 1st January 2024 and|||||||||
||31st December 2024|5,834|1,132||322|170|||7,458|
||**Depreciation**|||||||||
||At 1st January 2024|-|933||320|170|||1,423|
||Charge for year|-||30|2|||-|32|
||At 31st December 2024|-|963||322|170|||1,455|
||**Net book value**|||||||||
||At 31st December 2024|5,834|169||-|||-|6,003|
||At 31st December 2023|5,834|199||2|||-|6,035|
|**6.**|**Stocks**|||||||||
|||||||2024|||2023|
|||||||£|||£|
||Stocks||||||182||182|
|**7.**|**Creditors: amounts falling due within one year**|||||||||
|||||||2024|||2023|
|||||||£|||£|
||Other creditors||||||144||144|
|**8.**|**Movement in funds**|||||||||
|||||||Net||||
|||||||movement|||At|
||||||At 1.1.24|in funds|||31.12.24|
||||||£|£|||£|
||**Unrestricted funds**|||||||||
||General fund||||11,864||(95)||11,769|
||**Restricted funds**|||||||||
||Tartan Army|||||||||
||Hoist/Lift||||5,000|||-|5,000|
||Equipment for RDA||||3,000|||-|3,000|
||||||8,000|||-|8,000|
||**TOTAL FUNDS**||||19,864||(95)||19,769|
continued...
Page 8
CAIRNGORMS RDA
Notes to the Financial Statements - continued For The Year Ended 31st December 2024
## **8. Movement in funds - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|241|(336)|(95)|
|**TOTAL FUNDS**|241|(336)|(95)|
|**Comparatives for movement in funds**||||
|||Net||
|||movement|At|
||At 1.1.23|in funds|31.12.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|12,688|(824)|11,864|
|**Restricted funds**||||
|Tartan Army||||
|Hoist/Lift|5,000|-|5,000|
|Equipment for RDA|3,000|-|3,000|
||8,000|-|8,000|
|**TOTAL FUNDS**|20,688|(824)|19,864|
|Comparative net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|108|(932)|(824)|
|**TOTAL FUNDS**|108|(932)|(824)|
continued...
Page 9
CAIRNGORMS RDA
Notes to the Financial Statements - continued For The Year Ended 31st December 2024
## **8. Movement in funds - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||Net|||
|---|---|---|---|---|
|||movement||At|
||At 1.1.23|in funds||31.12.24|
||£|£||£|
|**Unrestricted funds**|||||
|General fund|12,688|(919)||11,769|
|**Restricted funds**|||||
|Tartan Army|||||
|Hoist/Lift|5,000||-|5,000|
|Equipment for RDA|3,000||-|3,000|
||8,000||-|8,000|
|**TOTAL FUNDS**|20,688|(919)||19,769|
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|349|(1,268)|(919)|
|**TOTAL FUNDS**|349|(1,268)|(919)|
## **9. Related party disclosures**
There were no related party transactions for the year ended 31st December 2024.
Page 10
CAIRNGORMS RDA
Detailed Statement of Financial Activities For The Year Ended 31st December 2024
|Detailed Statement of Financial Activities
For The Year Ended 31st December 2024|||
|---|---|---|
||2024|2023|
||£|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations|-|44|
|**Other trading activities**|||
|Fundraising events|203|64|
|**Other income**|||
|Training expenses refunded|38|-|
|**Total incoming resources**|241|108|
|**Expenditure**|||
|**Charitable activities**|||
|Insurance|304|694|
|Plant and machinery|30|110|
|Fixtures and fittings|2|32|
||336|836|
|**Support costs**|||
|**Governance costs**|||
|Accountancy|-|96|
|Total resources expended|336|932|
|**Net expenditure**|(95)|(824)|
This page does not form part of the statutory financial statements
Page 11