Annual Report 2010 to 2011 - Fife Coast & Countryside Trust

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AUDITORS REPORT Independent Auditors’ Report to the Directors and Members of Fife Coast and Countryside Trust We have audited the financial statements of Fife Coast and Countryside Trust for the year ended 31 March 2011 which comprise the statement of financial activities (incorporating income and expenditure account), the balance sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard for Smaller Entities (Effective April 2008) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities). This report is made solely to the Trust’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the Trust’s directors, as a body, in accordance with section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 10 of the v Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the Trust’s members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trust and the Trust’s members as a body and its directors as a body, for our audit work, for this report, or for the opinions we have formed. Respective responsibilities of Board of Directors and auditors As explained more fully in the statement of directors’ responsibilities set out on page XX the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. We have been appointed as auditors under section 44 (1) (c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the regulations made under those Acts. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s (APB’s) Ethical Standards for Auditors. 20 Fife Coast and Countryside Trust Financial Statements for the year ended 31 March 2011
Scope of the Audit of the Financial Statements An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of:- • whether the accounting policies are appropriate to the Trust’s circumstances and have been consistently applied and adequately disclosed; • the reasonableness of significant accounting estimates made by the directors; and • the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the directors’ report to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. v Opinion In our opinion the financial statements:- • give a true and fair view of the state of the Trust’s affairs as at 31 March 2011 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; • have been properly prepared in accordance with the United Kingdom Generally Accepted Accounting Practice; and • have been prepared in accordance with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Fife Coast and Countryside Trust Financial Statements for the year ended 31 March 2011 21
Page 1 and 2: FIFE COAST AND COUNTRYSIDE TRUST An
Page 3 and 4: Contents Page Trust Information 4 D
Page 5 and 6: Chairman’s Message Once again, I
Page 7 and 8: REVIEW OF ACTIVITIES Conservation h
Page 9 and 10: Best practice recommendations will
Page 11 and 12: ACCESS PROJECTS Coastal Path Works
Page 13 and 14: Path Improvements at Kinkell Braes
Page 15 and 16: FCCT attended the Big Tent event ag
Page 17 and 18: The second way to help is for busin
Page 19: Members of the Board of Directors M
Page 23 and 24: STATEMENT OF FINANCIAL ACTIVITIES (
Page 25 and 26: NOTES ON FINANCIAL STATEMENTS for t
Page 27 and 28: 3. Directors and Staff Costs 2011 2
Page 29 and 30: 5. Total Resources Expended (contin
Page 31 and 32: 11. Pension Costs The Trust operate
Page 33 and 34: 12. Funds Restricted Unrestricted F
Page 35 and 36: Notes Paper kindly donated by Tulli

Annual Report 2010 to 2011 - Fife Coast & Countryside Trust

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