REGISTERED COMPANY NUMBER: SC178838 (Scotland) REGISTERED CHARITY NUMBER: SC027102
Report of the Trustees and Financial Statements for the Year Ended 30 September 2025
for
Eilean Eisdeal
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
Eilean Eisdeal
Contents of the Financial Statements for the Year Ended 30 September 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 18 |
Eilean Eisdeal
Reference and Administrative Details for the Year Ended 30 September 2025
TRUSTEES J Inch S Payn - Secretary M MacKenzie (resigned 31.10.24) A McCrirrick (resigned 6.12.24) J K Leipert H L Bailey-Thomas (appointed 20.4.25) K Mathews (appointed 4.12.24) D Langley (appointed 14.11.24) (resigned 20.4.25) REGISTERED OFFICE Easdale Island by Oban Argyll PA34 4TB REGISTERED COMPANY NUMBER SC178838 (Scotland) REGISTERED CHARITY NUMBER SC027102 INDEPENDENT EXAMINER David Nicholls FCCA Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB BANKERS Bank of Scotland PO Box 17235 Edinburgh EH11 1YH SOLICITORS Burness LLP 120 Bothwell Street Glasgow G2 7JL
Page 1
Eilean Eisdeal
Report of the Trustees for the Year Ended 30 September 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2025. 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
Eilean Eisdeal is a company limited by guarantee whose aims are defined in its Memorandum and Articles of Association. Briefly summarised, its aims are to protect and enhance the island of Easdale, the community living there and their local economy and way of life, in harmony with visitors to the island, the local authority and other interested bodies; to improve and manage the island's community hall, museum, stone-skimming quarry, playpark & harbour and to gain the help of the people of the island in this work.
Activities
The main activities for achieving objectives are:
-
The Summer Arts Programme and the Winter Community Events
-
World Stone Skimming Championships
-
Bar Sales at events and making the hall available for hire, predominately to local individuals and businesses
-
Harbour management and provision of moorings for local residents, businesses and for visiting vessels
-
Museum operation, showcasing the unique history of the island
ACHIEVEMENT AND PERFORMANCE Charitable activities
The directors continue to manage the current assets on behalf and for the benefit of the community. This continues to present challenges, but the strengthening financial position which has enabled us to create a Reserves Fund for the first time gives a more hopeful picture for the future. The board and volunteers continue to organise and co-ordinate fundraising events, and we are extremely pleased to report that in addition to fundraising activities, there were a number of grant applications made, with two grant awards during this financial year to support the 2025 Stone-Skimming event and the refurbishment of the kitchen in the Community Hall respectively, and one to support the Museum (the money of which arrived just after the end of this financial year).
The year to September 2025 also saw continuing community usage of the hall with music, film and craft events, and regular Creative Sessions being held. Once again, the Halloween decorations and trick or treat proved popular with all ages in October and the Fireworks in November 2024 were again enjoyed by the Easdale community. The New Year celebrations included the traditional DIY Ceilidh with many talents on display, and the 2025 Ne-er Day Footie Match and Loonie Dook for the hardy. A small Burns Night dinner was held in January. The Rib Rendezvous in May 2025 drew boats and crew from a wide area once again, while the Art show in July 2025 showcased the talents of the Easdale community.
The World Stone Skimming Championships continued to build upon the successes of the past 2 years and provided significant publicity, visitors, and income for Easdale and the wider area and again enabled Eilean Eisdeal to support several local charities and causes from the proceeds that are aligned with our charity purposes. Two grants were received this year (Event Scotland and the National Lottery Community Fund) to support and develop the event.
The Museum, open from April to October, had another successful season, with sales of Stone Skimming merchandise again proving very popular. The directors are grateful to staff and volunteers, who continue to keep the asset open as much as possible during the season and to the museum committee who have been diligently applying for several grants to support the museum and its activities, one of which was successful in the final days of the financial year.
We continue to be very grateful to Rob Hadfield as Harbour Master, along with the ferrymen and Tony Hill who have been monitoring the boats and maintaining pontoons in the harbour. The directors are grateful for all the other volunteers and supporters who helped run and support all the above-mentioned activities and the behind the scenes work on hall diaries, cleaning, social media, and maintenance tasks without which Eilean Eisdeal would struggle to continue.
The gradual upgrade of community facilities continues as finances and capacity permits. There is always a need for more, and substantial work on the fabric of both the hall and the museum, along with the harbour walls and pontoons will be required. It is hoped that the recently formed sub-committees for each of Eilean Eisdeal assets will continue and support Eilean Eisdeal efforts and help prioritise and support work on the assets, particularly with fundraising where the needs exceed the resources of the charity.
Page 2
Eilean Eisdeal
Report of the Trustees for the Year Ended 30 September 2025
FINANCIAL REVIEW
Financial position
The charity generated a net surplus of £3,471 for the year ended 30 September 2025 (2024: deficit of £5,067).
On 30 September 2025, total reserves stood at £692,546 (2024: £689,075) with £26,189 of these being unrestricted free reserves (2024: £30,710), £29,558 being designated for carious purposes, including the children of the island, Easdale Playpark, reserves for capital maintenance and fixed assets (2024: £14,020). The charity also had £636,799 of restricted reserves (2024: £644,345), which mainly represent the net book value of its tangible fixed assets.
Reserves policy
The directors are implementing a Reserves Policy to ensure that the higher than historical fundraising over the past two years is utilised to improve the financial resilience of the charity for the future alongside supporting current needs.
The initial objectives of the new Reserves Fund are:
-
To cover contractual requirements and core operating costs for a period of 6-12 months to protect the operating continuity of Eilean Eisdeal assets and buy time to resolve or address any sustained period of lower income or organisation issues that could otherwise threaten the charity.
-
To develop a moderate sized emergency fund for critical, unexpected repairs needed to safeguard Eilean Eisdeal assets and/or provide some resilience to sudden or unexpected increases in operating costs.
The directors have agreed that £15,000 from the unrestricted reserves on 30 September 2025 will be moved into the new Contingency Fund in the financial year accounts. Whilst formally remaining as unrestricted funds in terms of the accounts, it is the intention that these funds are reserved for use only for capital replacements, major or unexpected maintenance or to sustain the viability of the charity during any period of sustained and unexpected income reduction or cost increase.
Going forward, both the Reserves Policy and Fund size will be reviewed annually as part of the preparation of the formal accounts. Specifically, the next review will look at the feasibility and timeline to grow the Reserves fund to start a sinking fund for major maintenance or replacement of Eilean Eisdeal assets that have a specific lifespan and would need advance planning to ensure funds are available when needed.
In addition to the £15,000 contingency fund, the charity holds general unrestricted operational reserves of £26,189 (2024: £30,170). The charity's policy aims to hold 6 months operational costs which amounts to £18,586 for the year ended 30 September 2025. Therefore, the trustees are satisfied that this policy is being met and additional funds will be reinvested in the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Eilean Eisdeal, incorporated on 17 September 1997, is a charitable company limited by Guarantee, with no share capital and registered as a Scottish Charity with H M Revenue & Customs. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Charity number SC027108 and Company Number SC178838.
Recruitment and appointment of Board of Directors
The board of directors must consist of a maximum of seven directors and a minimum of three. The majority of the directors shall at all times be full-time residents of Easdale Island. Each director must be a member of the Company.
The directors of the company are also charity trustees for the purposes of Charity Law and under the company's Articles are known as directors.
The directors are elected for five years. Each year one fifth of the Elected Directors shall retire from office. They may then offer themselves for re-appointment at the Annual General Meeting.
A McCrirriick, M MacKenzie and D Langley served for part of the financial year, with S Payn, J Inch and J Leipert as directors throughout the reporting year. H Bailey-Thomas and K Mathews were appointed part-way through the financial year, serving through the remainder of the reporting year.
Organisational structure
At the end of the reporting period there were five directors on the board and they oversee the running of the Company. There are sub committees which at least one director is on. There is also a bookkeeper who keeps the books up to date.
Page 3
Eilean Eisdeal
Report of the Trustees for the Year Ended 30 September 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
Most directors are already familiar with the work of the charity as either a resident, business owner or second home/holiday let owner and may be encouraged to become a director by others.
When new directors are appointed, their induction includes being given a copy of the Company's Articles and access to the office and online cloud storage where archives of director meetings, policies, financial summaries and past development plans and studies etc are stored so that they can become familiar with the aims of the Company, past achievements and the current activities and priorities.
Key management remuneration
The management of the charity is undertaken by the trustees, who do so on a voluntary basis and so there was no remuneration paid to key management personnel in the year to 30 September 2025.
Risk management
Whilst the directors have not yet conducted a risk management review to formally evaluate and document the main risks for the charity, these are widely acknowledged to be the importance of the WSSC event to the finances of the charity and the organisation risks of having a very small population pool for directors and volunteers needed to keep the charity running.
The main risk mitigation efforts during this financial year have been continuing focus on reducing operating costs, developing and implementing a Reserves Policy and Fund and initiatives to increase organisational resilience and reduce volunteer fatigue, some elements of which has been supported by the grant awards received during the year.
11/04/2026
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
F8340000-50F5-3618-7034-08DE9C947069
F8340000-50F5-3618-702D-08DE9C947069
.. ~~..............~~ .................................. ~~.............~~ ...........
J Inch - Trustee
Page 4
Independent Examiner's Report to the Trustees of Eilean Eisdeal
I report on the accounts for the year ended 30 September 2025 set out on pages six to eighteen.
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.
~~AS~~ F8340000-50F5-3618-7045-08DE9C947069
David Nicholls FCCA Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB 18/04/2026 F8340000-50F5-3618-7047-08DE9C947069 Date: .......... ~~....~~ ......................... ~~....~~ ..
Page 5
Eilean Eisdeal
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 September 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 4,444 Charitable activities 6 Charitable Activities 27,647 Other trading activities 4 30,241 Investment income 5 57 Total 62,389 EXPENDITURE ON Raising funds 7 14,329 Charitable activities 8 Charitable Activities 37,172 Total 51,501 NET INCOME/(EXPENDITURE) 10,888 Transfers between funds 21 129 Net movement in funds 11,017 RECONCILIATION OF FUNDS Total funds brought forward 44,730 TOTAL FUNDS CARRIED FORWARD 55,747 |
Restricted funds £ 20,250 - - - 20,250 7,988 19,679 27,667 (7,417) (129) (7,546) 644,345 636,799 |
2025 Total funds £ 24,694 27,647 30,241 57 82,639 22,317 56,851 79,168 3,471 - 3,471 689,075 692,546 |
2024 Total funds £ 3,673 29,393 27,332 - 60,398 11,358 54,107 65,465 (5,067) - (5,067) 694,142 689,075 |
|---|---|---|---|
CONTINUING OPERATIONS
This statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities in both years.
Comparative figures for the previous year by fund type are shown in Note 14.
The notes on pages 9 – 18 form part of these financial statements
Page 6
Eilean Eisdeal
Balance Sheet 30 September 2025
| Notes FIXED ASSETS Tangible assets 15 Investments 16 CURRENT ASSETS Stocks 17 Debtors 18 Cash at bank CREDITORS Amounts falling due within one year 19 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 21 Unrestricted funds: General fund Children of the Island Easdale Island Play Area Designated Fixed Assets Contingency Fund Restricted funds TOTAL FUNDS |
2025 £ 636,305 100 636,405 2,935 5,632 52,606 61,173 (5,032) 56,141 692,546 692,546 26,189 1,255 1,514 11,789 15,000 55,747 636,799 692,546 |
2024 £ 655,607 100 655,707 1,978 5,364 31,612 38,954 (5,586) 33,368 689,075 689,075 30,710 1,502 1,255 11,263 - 44,730 644,345 689,075 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes on pages 9 – 18 form part of these financial statements
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Eilean Eisdeal
Balance Sheet - continued 30 September 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
11/04/2026
The financial statements were approved by the Board of Trustees and authorised for issue on ..... ~~...~~ ..........................F8340000-50F5-3618-7038-08DE9C947069 ~~...~~ ........ and were signed on its behalf by:
F8340000-50F5-3618-703D-08DE9C947069
.............................................
J Inch - Trustee
The notes on pages 9 – 18 form part of these financial statements
Page 8
Eilean Eisdeal
Notes to the Financial Statements for the Year Ended 30 September 2025
1. GENERAL INFORMATION
Eilean Eisdeal ("the charity") is a Scottish charitable company governed by its Memorandum and Articles of Association dated 17 September 1997. It was registered as a charity in Scotland (registered number SC027102) on 17 September 1997. Its registered address is Easdale Island Community Hall, Easdale Island, Oban, PA34 4TB.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with:
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the Charities and Trustee Investment (Scotland) Act 2005;
-
Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006;
-
the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities;
-
'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, published in October 2019 (FRS 102)' ("the Charities SORP");
-
UK Generally Accepted Accounting Practice; and
-
the historical cost convention.
The charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.
The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.
There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.
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.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
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 at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
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.
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Eilean Eisdeal
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
2. ACCOUNTING POLICIES - continued
Going concern
Financial instruments
The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - Straight line over 50 years
Plant and machinery - 15% 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
Eilean Eisdeal is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.
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.
3. DONATIONS AND LEGACIES
| Donations Gift aid Grants Memberships Grants received, included in the above, are as follows: Touring Network National Lottery Community Fund Visit Scotland |
2025 £ 2,349 1,445 20,250 650 24,694 2025 £ 250 15,000 5,000 20,250 |
2024 £ 1,588 1,376 - 709 |
|---|---|---|
| 3,673 | ||
| 2024 £ - - - |
||
| - |
Grants received, included in the above, are as follows:
Page 10
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Eilean Eisdeal
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
| 4. OTHER TRADING ACTIVITIES 2025 £ World Stone Skimming Competition 28,723 Duck Race - PV Feed Income 1,518 30,241 5. INVESTMENT INCOME 2025 £ Bank Interest 57 6. INCOME FROM CHARITABLE ACTIVITIES 2025 £ Hall and Bar Income 5,872 Harbour Income 7,092 Museum Income 14,683 27,647 7. RAISING FUNDS Other trading activities 2025 £ World Stone Skimming Competition 22,317 8. CHARITABLE ACTIVITIES COSTS Direct Support Costs (see costs (see note 9) note 10) £ £ Charitable Activities 55,048 1,803 9. DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 £ Trustees' remuneration etc - Staff costs 9,945 Insurance 5,864 Hall costs 7,848 Museum Running costs 8,044 Harbour Running costs 184 Donations 1,200 Depreciation 21,005 General Expenses 290 Advertising 40 Children of the Island costs 141 Playpark costs 397 Subscriptions 90 55,048 |
2024 £ 25,301 308 1,723 |
|---|---|
| 27,332 | |
| 2024 £ - 2024 £ 7,989 9,525 11,879 29,393 2024 £ 11,358 |
|
| Totals £ 56,851 2024 £ 3,060 6,121 7,738 6,423 4,894 164 1,350 21,236 562 - - - - 51,548 |
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Eilean Eisdeal
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
10. SUPPORT COSTS
| Bookkeeping Independent Examination Fee 11. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2025 £ 403 1,400 1,803 2025 £ 21,062 |
2024 £ 1,119 1,440 2,559 2024 £ 21,238 |
|---|---|---|
12. TRUSTEES' REMUNERATION AND BENEFITS
L Noble receives a salary under a contract of employment. This is remuneration for the work she carries out as the Museum curator rather than for her trusteeship. L Noble resigned as a trustee in January 2024 but still remains in post at the museum. The total cost of remuneration in 2023-24 year was £9,181.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.
13. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries | 9,945 | 9,181 |
| 9,945 | 9,181 | |
| The average monthly number of employees during the year was as follows: | ||
| 2025 | 2024 | |
| Museum Curator | 1 | 1 |
No employees received emoluments in excess of £60,000.
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Eilean Eisdeal
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
| 14. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| £ | £ | £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 3,673 | - | 3,673 | |||
| Charitable activities | ||||||
| Charitable Activities | 29,393 | - | 29,393 | |||
| Other trading activities | 27,332 | - | 27,332 | |||
| Total | 60,398 | - | 60,398 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 11,358 | - | 11,358 | |||
| Charitable activities | ||||||
| Charitable Activities | 34,680 | 19,427 | 54,107 | |||
| Total | 46,038 | 19,427 | 65,465 | |||
| NET INCOME/(EXPENDITURE) | 14,360 | (19,427) | (5,067) | |||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 30,370 | 663,772 | 694,142 | |||
| TOTAL FUNDS CARRIED FORWARD | 44,730 | 644,345 | 689,075 | |||
| 15. | TANGIBLE FIXED ASSETS | |||||
| Freehold | Plant and | |||||
| property | machinery | Totals | ||||
| £ | £ | £ | ||||
| COST | ||||||
| At 1 October 2024 | 972,774 | 28,885 | 1,001,659 | |||
| Additions | - | 2,104 | 2,104 | |||
| Disposals | - | (2,864) | (2,864) | |||
| At 30 September 2025 | 972,774 | 28,125 | 1,000,899 | |||
| DEPRECIATION | ||||||
| At 1 October 2024 | 327,270 | 18,782 | 346,052 | |||
| Charge for year | 19,456 | 1,606 | 21,062 | |||
| Eliminated on disposal | - | (2,520) | (2,520) | |||
| At 30 September 2025 | 346,726 | 17,868 | 364,594 | |||
| NET BOOK VALUE | ||||||
| At 30 September 2025 | 626,048 | 10,257 | 636,305 | |||
| At 30 September 2024 | 645,504 | 10,103 | 655,607 |
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Eilean Eisdeal
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
16. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertaking | |
| £ | |
| MARKET VALUE | |
| At 1 October 2024 and 30 September 2025 | 100 |
| NET BOOK VALUE | |
| At 30 September 2025 | 100 |
| At 30 September 2024 | 100 |
There were no investment assets outside the UK.
| Eilean Eisdeal owns 100% of the shares in Easdale Island Trading | Eilean Eisdeal owns 100% of the shares in Easdale Island Trading | Eilean Eisdeal owns 100% of the shares in Easdale Island Trading | Company Limited. | Company Limited. | This company is the trading | This company is the trading | |
|---|---|---|---|---|---|---|---|
| arm of Eilean Eisdeal. At present the company is dormant. | |||||||
| 17. | STOCKS | ||||||
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| Stocks | 2,935 | 1,978 | |||||
| 18. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| Trade debtors | 747 | 582 | |||||
| Accrued Income | 4,885 | 4,235 | |||||
| Prepayments | - | 547 | |||||
| 5,632 | 5,364 | ||||||
| 19. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | |||||
| 2025 | 2024 | ||||||
| £ | £ | ||||||
| Other creditors | 205 | 205 | |||||
| Accruals | 4,827 | 5,381 | |||||
| 5,032 | 5,586 | ||||||
| 20. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||||
| 2025 | 2024 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| £ | £ | £ | £ | ||||
| Fixed assets | 11,517 | 624,788 | 636,305 | 655,607 | |||
| Investments | 100 | - | 100 | 100 | |||
| Current assets | 49,162 | 12,011 | 61,173 | 38,954 | |||
| Current liabilities | (5,032) | - | (5,032) | (5,586) | |||
| 55,747 | 636,799 | 692,546 | 689,075 |
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Eilean Eisdeal
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS - continued
| Unrestricted Restricted funds funds £ £ Fixed assets 11,391 644,216 Investment assets 100 - Current assets 38,825 129 Current liabilities (5,586) - 44,730 644,345 21. MOVEMENT IN FUNDS Net At movement 1/10/24 in funds £ £ Unrestricted funds General fund 30,710 11,897 Children of the Island 1,502 310 Easdale Island Play Area 1,255 259 Designated Fixed Assets 11,263 (1,578) Contingency Fund - - 44,730 10,888 Restricted funds Scottish Gas Project & Climate Challenge Fund 129 - Harbour 138,420 (4,194) Folk Museum 131,941 (3,998) Community Hall 362,945 (10,998) Scottish Land Fund 10,910 (237) The National Lottery Community Fund - 12,000 Visit Scotland - 10 644,345 (7,417) TOTAL FUNDS 689,075 3,471 |
2024 Total funds £ 655,607 100 38,954 (5,586) 689,075 Transfers between funds £ (16,418) (557) - 2,104 15,000 129 (129) - - - - - - (129) - |
2023 Total funds £ 674,889 100 27,814 (8,661) 694,142 |
|---|---|---|
| At 30/9/25 £ 26,189 1,255 1,514 11,789 15,000 55,747 - 134,226 127,943 351,947 10,673 12,000 10 636,799 692,546 |
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Eilean Eisdeal
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
21. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Children of the Island Easdale Island Play Area Designated Fixed Assets Restricted funds Harbour Folk Museum Community Hall Scottish Land Fund Tourning Network The National Lottery Community Fund Visit Scotland TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Children of the Island Easdale Island Play Area Designated Fixed Assets Restricted funds Scottish Gas Project & Climate Challenge Fund Harbour Folk Museum Community Hall Scottish Land Fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 61,282 (49,385) 11,897 451 (141) 310 656 (397) 259 - (1,578) (1,578) 62,389 (51,501) 10,888 - (4,194) (4,194) - (3,998) (3,998) - (10,998) (10,998) - (237) (237) 250 (250) - 15,000 (3,000) 12,000 5,000 (4,990) 10 20,250 (27,667) (7,417) 82,639 (79,168) 3,471 Net Transfers At movement between At 1/10/23 in funds funds 30/9/24 £ £ £ £ 27,456 14,370 (11,116) 30,710 2,063 119 (680) 1,502 851 1,680 (1,276) 1,255 - (1,809) 13,072 11,263 30,370 14,360 - 44,730 129 - - 129 142,619 (4,199) - 138,420 135,937 (3,996) - 131,941 373,940 (10,995) - 362,945 11,147 (237) - 10,910 663,772 (19,427) - 644,345 694,142 (5,067) - 689,075 |
|---|---|
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Eilean Eisdeal
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
21. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 58,599 | (44,229) | 14,370 |
| Children of the Island | 119 | - | 119 |
| Easdale Island Play Area | 1,680 | - | 1,680 |
| Designated Fixed Assets | - | (1,809) | (1,809) |
| 60,398 | (46,038) | 14,360 | |
| Restricted funds | |||
| Harbour | - | (4,199) | (4,199) |
| Folk Museum | - | (3,996) | (3,996) |
| Community Hall | - | (10,995) | (10,995) |
| Scottish Land Fund | - | (237) | (237) |
| - | (19,427) | (19,427) | |
| TOTAL FUNDS | 60,398 | (65,465) | (5,067) |
22. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2025 nor for the year ended 30 September 2024, other than those disclosed in note 12.
23. PURPOSE OF FUNDS
Unrestricted Funds:
General unrestricted funds - These are funds which can be used in accordance with the charity objects at the discretion of the directors.
Contingency Fund - This fund is reserved for use for capital replacements, major or unexpected maintenance or to sustain the viability of the charity during any period of sustained and unexpected income reduction or cost increase.
Children of The Island - The committee have designated 10% of the PV feed monies to this fund. The children of the Island decide what they want to spend these monies on.
Easdale Island Play Area Project - This project was set up to reinstate the play facilities on Easdale and was funded by donations along with an initial £2,000 of Eilean Eisdeal Funds during the previous financial year. Current funds will be used for maintenance, replacements and additional facilities as appropriate.
Restricted Funds:
Scottish Gas Project - This funds is made up from a grant received from the Scottish Gas. The Scottish Gas Green Streets Project was set up to find renewable energy solutions for the Island. The small remaining funds from this project have now been moved into General Unrestricted Funds as this project is being closed out.
Harbour - These funds are made up of grants received to purchase the Harbour. The agreement is for a period of 10 years from when the grants were received. The charge for the year is depreciation.
Folk Museum - These funds were raised to purchase the Folk Museum. The charge for the year is depreciation.
Community Hall - These funds are made up of from grants received to purchase the Community Hall. The agreement is for a period of 80 years running from when the Community Hall was purchased. The charge for the year is depreciation.
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Eilean Eisdeal
Notes to the Financial Statements - continued for the Year Ended 30 September 2025
23. PURPOSE OF FUNDS - continued
Scottish Land Fund - These funds are made up from grants received from the Scottish Land Fund for the Building on Easdale's Slate Past. The Project was set up to purchase the Quarry for use with an annual stone skimming championship and incorporate it with a museum as part of Easdale's prominent slate industry. The charge for the year is depreciation.
Touring Network - These funds were received in the current year, but were awarded, and spent to support the Hall 21st Birthday celebration that occurred in the tail end of the previous financial year.
National Lottery Community Fund - These funds were awarded to support the 2025 WSSC event (£3,000) and the refurbishment of the kitchen in the Community Hall (£15,000). The WSSC allocation was fully spent during the financial year. The Kitchen refurbishment work is planned for the financial year ending 30th September 2026 due to the lead time to develop plans and obtain quotes.
Visit Scotland - These funds were awarded to support the running of the 2025 WSSC event and were fully spent on the agreed purposes (new WSSC website, filming of the event, PR support and a bus offering in Seil to reduce car traffic) during this financial year.
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