REGISTERED CHARITY NUMBER.. SC047160 Report of the Trustees and Unaudited Financial StAtements for the Year Ended 31 JanuAry 2023 for Scotland's HiddeTh Ways
Scotland's Hidden Ways Contents of the Fin8nciAI Stgternent$ for the Year Ended 31 January 2023 Page Report of the Tru5tee5 IndePendel Examiner's Report StatemeDt of FiDancial Aetivities Balance Sheet Notes to the Finsncial St&teMent$
Scotland's Hidden Ways Report of th¢ Trustees for the Year Ellded 31 January 2023 The trustees present their report with the financial 5t2tements of the charity for the year end¢d 3 l January 2023. The trustees have adopted the provisions of Accounting and Reporting by Charitie5'. Statemeni of R¢commended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019). OBJECTtVES AND ACTIVITIES Objectives and aims The charity exists.. to docijment and preserve the lost roads of S¢(Trtland for the benefit of all. to advance and cultivate awareness of the significan¢e of Scotland's lost roads within the social, cultural and political history of Scotland and her people5. to advance and enable access for all to the lost roads of Scotland through irnprovements to infrastructure, interpretation, learning opporEunitses and cotnmunication. ACHIEVEMENT AND PERFORMANCE Charitable activitie5 Due to a lack of new funding, there was no actiyity in the year. FINANCIAL REVIEW Financial positio The Charity bas generated a deficit of £156 (2022 deficit of £84) for the period ad as a result of thi5 has funds a deficit catried forward of £156 (2022- nil). Re$erves policy Due to its size. the Charity does not hold substantial reserves. but aims to tnaintain as much of a swplus as Possible to continue its work. FUTURE PLANS The plan was to wind up the charity last year but, for various reasons, this has not happened. We now plan to wind up the charity in the following year ending January 2023. STRUCTURE, GOVERNANCE AND MANAGEMENT GoverniThg document The ¢harity is controlled by its goveming documen¢, a constitution developed for the SCIO. Recruitment and 8ppointmeTht of new trustees We have no plans to recruit mor¢ trustees unless a vacancy occurs. In that ca5¢, we will consider SOTn¢ of the helpful and interested peopl¢ we have met in the course of our work. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC047160 al address Page I
Seotland'5 Hidden Ways Report of the Trustee5 for the Year EtEded 31 January 2023 REFERENCE AND ADMINISTRATIVE DETAILS Inde endeTFt F. Appioved by order of Ihe board of tNstees on....... and signed on its behalf by.. Page 2
Independent Examiner's Report to the Trustees of ScotlADd'5 Hidden Ways I report on the accounts for the year ended 31 January 2023 Set out on pages four to nine. Rupectiv¢ reyponsibilities ofÉrustees and exallTriner The charity's trustees are responsible for the preparation of the accowits in accordance with the temis of the Charities and Trnstee Investment (Scotland) Act 2(K)5 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(IXa) to Ic) of the Accounts Regulations does not apply. It is my Tesponsibility to examine the accounts as required under Section 44{1)(c} of the Act and to state whether particular atterS have come to my attention. Basis of the independent ex8rniner'5 report My examination wa5 carried out in accordance with Regulation I l of th¢ Charities Accounts (Seotland) Regulations 2006. An ¢xamination includes a review of the accounting records kept by the Charity and a comparison of the a¢count5 presented with those records. It also includes consideration of any urtusual 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 r¢quired in an audit, and consequently I do not express an audit opÈnion on the view given by the accounts. IndependenÉ examlner's slat¢rnellt In connectson with my examination, no matter has come to tny attention .' {1) which gives me reasonable cause to be5ieve that, iti any material respect, the requirements to keep accounting records in a¢¢ordance with Section 44(1)(a) of th¢ 2005 Act and Regulation 4 of th¢ 2006 Account5 Regulations; and to prepare accounts which accord with the aOnI]ng 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 understandillg of the accounts to be reached. Date.. Page 3
Scotland's Hldden W8yS Stat¢Tn¢llt of Financl81 Actlvitiey for the Year Ended 31 January 2023 31.1.23 Unrestri¢ted nd 31.1.22 Total funds Notes EXPENDITURE ON Charitable activities General 156 84 NET INCOMEI(EXPENDITURE) 1156} (84) RECONCILKATION OF FUNDS Total funds brought forward 84 TOTAL FUNDS CARRIED FORWARD (156) The notes fomi part of these fmancial sratemenis Page 4
SeotlaDd's Hiddets Way5 B4lancÈ Sbeet 31 January 2023 31.1.23 Unrcstricted Ojnd 31.1.22 Tot fiwds Notes CiJRRKNT AsST5 Casb at b 150 cREDORs Amounts falling due within olle year (6) NET CURRENf ASSETSI(LIAB)LTIILS) 16) 150 TOTAL ASSKTS WS CUIIRENr {6) l50 ACCRUALS ATrID DEFERRED INCOME (150) Il50) NET ASSETS (156) UrtrIcted fijnd (156) (156) The thancial 3tst¢]ll¢nts approved by the Bo8Td of Trustees alld authori8ed for i8¥ue on 3..x.Ji.o../....... . and were sign¢d on its b¢balf by.. Th¢ Dotes form part of the finallcial statelnents Page 5
SeotlaDd's Hidden Way$ Notes to the FiDaDcial StateEllellts for the YexrEnded 31 January 2023 ACCOUNTING POLICILS Basis of preparing the financial stxtemellts The fall¢la1 ststements of the cbarity, which is a public benefit entity UDder FRS 102, have been prewed UJ accordance the Charities SOIiP IFRS 102) 'Accounting alld Reporting by Cbarities.. Statement of RecoDJrnended Practice applicable to charities preparing their accounts in accordarAce with the F]l¢la1 RePortg Standard applicable in the UK and Republic of JJeland (FRS 102) (effective l Jauuary 2019}', Finallcial Reporting Standard 102 'The Finallcial Reporting Standard applicable ID the UK and Republic of IrelaDd' aDd the Charities alld Trustee Investment (ScotlaDd) Art 2005. The fjnancial statemellts bave beell prepared under tbe historical cost convention. GoiDg Concer The dir¢Gtor5 have assessed a p10d of 12 inonths frorn the date of approval of the financial Statements aDd COD5ider that no material uucertainties exist that cast significant doubt about tbe ability of the compauy to coDtinue as a going Concern. Thus ¢be directors adopt the going concerD basis of accouDtiDg tll preparing the fjnancial statemellts. Jpenditsre l.iabilities are recoollised as expenditUTe as sooll ¥ there is a legal or conslrnctive obligation committing the charity to that expenditL]re, rf is probable that a transfer of econolnic benefits will be required settlemetjt thd the amount of the obligation call be measured reliabty. Expenditure is accoUted for on 8n accruals basis and h&3 been classified uttder headiDgs that aggte au cost related to the category. Where costs caT)not be directly attributed to particular headg5 they hav¢ been allocated to activities on a b88iS CQDSiSteot with the use of resot]rees. Taiatio The charity is exempt fro t&Y on its ¢baJitabl¢ activities. Fulld acroulltillg Unrestricted fi]nd5 can be used ill accordance with the charitable objectives at th¢ discretion of the trustees. Restricted twids can only bE used for Particul restricted pt]rp05es within the objects of the chity. R¢str5Ctions arise when spe¢ified by the donor or when fllll are ratsed for particular restricted purposes. Furtber explaualion of the natse and puryose of ¢ach fund i5 included iD the notes to tb¢ fillancial staternent5. PTOViSiODS Provisions are rEcogDi5ed when the entity has an obligation at the reporting date as a result of a past event- it is probable that the entity w511 be required to transfer econoniic benefits settletDent and the amount of the obligation can be estimated reliably. ProvisioDS are recognised as a liability iu the statemellt of fitmllcial position alld the arnouDt of the provision as an expense. Provisions are ioitially measwed at the best esrirnate of the amount requir¢d to 5ettl¢ the obligation at the reporting date aud subsequently reviewed at each reporting date and adjusted to reflect the ¢uTh¢nt b¢sÉ eStiate of the amount that would be required to settle the obligation. Ally adjustsDeDts to tbe amounts previously recoglltsed are recogllised in profit or loss unless the provision was originally recogDised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation. the unwillding of the discouut is recogtiised ill finance costs in profit or loss iti the period it arises. Page 6 continued...
Seotland's Hldden Ways Notes to the FinaNeiAI Statements- eontlnued for tbe Year Ended 31 January 2023 TRUSTEES, REMUNERATION AND BENEFITS Trustees, expenses There were no 31 January 2022. trustees. expenses paid for the year ended 31 January 2023 nor fr>r the year ended COIVIPARATtVES FOR THE sfATEMENT OF FINANCIAL ACTIVITIES Unrestricted fimd EXPENDITURE ON Charitabl¢ &¢tiviÉies General 84 NET INCOMEI(EXPENDITURE) (84) RECONCtLIATION OF FUNDS Tothl fund5 brought forward TOTAL FUNDS CARRJED FORWARD CREDITORS: AMOUNTS FALLING DUE WITKtN ONE YEAR 31.1.23 31.1.22 Bank loans and overdrafts (see note 5) LOANS An analysis of ihe maturity of loans is given below: 31.1.23 31.1.22 Amounts falling due within one year on demand.. Bal overdtafts ACCRUALS AND DEFERRED INCOME 31.1.23 31.1.22 Accruals and deferred incom¢ 150 150 Page 7 eontitiued..
Scotlgnd's Hidden Ways Notes to the Financigl St4t¢menls- eontillued for the Year Ended 31 January 2023 MOVEMEPIT IN FUNDS Net movement tn rtds At 31.1.23 At 1.2.22 Ullre5tricted funds General fund (156) (1561 TOTAL FUNDS {156) {1561 Net movement in fids. included in the above are as follows.. coming r¢sourc¢s Resources expended Movement in fuuds Unrestricted fuDds General fimd (156) (136) TOTAL FUNDS (156) (156) Comp•ratives lor movement In funds Net Tnovement in fidS At 31.1.22 At 1.2.21 Unrestricted funds Generas fijnd 84 (84) TOTAL FUNDS 84 (84) Comparative net movernent in fiJnd¥ included in the above are as follows.. Incoming resources Resources expended Movement in fllnds Unrestricted funds General fund (84) 184) TOTAL FUNDS {84) {84) Page 8 continued..-
Scotland's Hidden W2ys Notes to tbe Finanei#l Stalemellt5 - Colitillued lor the Year Ended 31 January 2023 MOVEMENT IN FUNDS- eontinued A curreni year 12 months and prior year 12 months combined position is as follows.. Net movement in ndS At 31.1.23 At 1.2.21 UDrestrieted funds General fid 84 (240) (156) TOTAL FUNDS 84 (240) 1156) A current year 12 months and prior year 12 months conibin¢d net 0Vernent in fimds, included in the above are as follows.. tncoming r¢sources Resources expended Movement in funds Unrestricted funds General fund (240) (240) TOTAL FUNDS (240) (240) RELATED PARTY DISCLOSURES Ther¢ w¢re llo related pty transact10115 for the year ended 31 January 2023. GOtNG CONCERN The trustees know of no marerial uncertaintses relating to th¢ ¢harity's ability to continue as a going concern. io. PUBLIC BENEFIT ENTITY The chariry is a public benefit etttity. ii. INDEPENDENT EXAMINERS The amount payable to VAT. No other payments were made to CA for indepeDd¢nt examination of the ar¢oLtS was £156 including during the year. Page 9