COMPANY REGISTRATION NUMBER.. SC270732 CHARITY REGISTRATION NUMBER: SC035761 Craignish Community Company Limited Company Limited by Guarantee Unaudited Financial Statements 31 December 2025 Chartered accountants 5 Argyll Squdie Oban Argyll PA34 4AZ
Craignlsh Community Company Limited Company Limlted by Guarantee Flnanclal Stalements Year ended 31 December 2025 Page Trustees, annual report (incorporating the director's report) Independenl examiner's report to the Irustees Statement of financial activities {including income and expenditure accounl) Statement of financial position Notes to the financial slatemenls The following pages do not form part of th8 tlnanclal statements Detailed statemenl of financial activities Notes to the detailed statement of linancial activities 19 20
Craignish Community Company Limited Company Limiled by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 December 2025 The trustees, who are also Ihe directors lor the purposes ol company law, present their report and the unaudited linanGial slalemenls ol the charity for the year ended 31 December 2025. Reference and admlnlslratlve detall6 RegIered charity name Craignish community Company Limited Charlty reglstratlon number SC035761 Company registratlon number SC270732 Prlnclpal offlce and regist8re(J Sealorth offlce Ardlern Lochgilphead ArgO1 PA31 8AN The trustees Mrs V A Bird M5 V Burnett M6 H A Craig Mr M Hampton hrts S Healy Ms L Leslie-shenvood Mr J Murray Miss J A Sfflee Mr K A W Taogart Mr B J Weaser (Appointed 9 July 20251 IResigned 9 July 20251 (Appointed 8 July go2) IResigned 9 July 20251 (Resigned 8 January 20251 IAppoinled 12 March 20251 (Resigned 15 January 20261 Company secretary Miss J A Smee Independent examlner Angus MacGillivray F,G.C,A. ol R A Clemenl Associates C,A. 5 Argyll Square Oban Argol PKY 4AZ Structure, governance and management Govorning document The charity is a company limi18d by guarantee and registered with the OtfiGe of the Scottish Charity Regulator. Its charitable purposes and adminislralion arrangements are Sel oul in ils Articles ol Association.
Craignish Communlty Company Limited Company Llmlted by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (eontInu} Year ended 31 December 2025 Slructurej governance and management (conlinu8d) Rlsk policy The directors have assessed the major risks 10 which the charity is exposed, and in particular th0$9 related to the operations and finances ol the Trust, and are satisfied thai systems are in place lo miligale any exposure to these risks. Objèctlves and actlvltles Charllable purpose$ Tne charitaDie purposes are recorded in the Articles ol Association and include the following main purposes.. To promote, lor the public benefit, rural regeneration, following principles ol sustainable development, by any ol the following means - The provision ol housing The provision ol recreational facilities The protection or consèrvation ol the environment Th aclvaneÈ the education ol thg community abtsul it8 environment, culture and liistgry. To prornole, establish, operate or support other inilialives ol a similar charitable nature lor the benefit ol the Community of Craignish Achlevemonts and performance 2025 has been a quieter year for C3 in terms c*f new projects, bul an important one tor laying loundalions. The Community Action Plan has been the slandoul piece ol work, with a dedicated group now in place and a peninsula-wide survey recently completed. We are now moving into the data review phasg and look loNard lo sharing what we learn wlh the community. Behind the scenes, we have continued lo support local groups by holding funds on their behalf, improved our governance and financial processes Ccinsiclerably thanks lo our Treasurer, Ken Taggart, anL8 kept up our rè9ular commitmonts argund the website, defibrillalois aiid the Talamh an Righ site. A significant milestone this year has been joining the Developfnenl Trusts Association S¢olland IDTASI, which opens up valuable n¢tworks, resources and support for communily-lecl development. We are excited about what this means for C3 going forward. Funding applications are in progress, and we Ic•ok forward lo reporting on these in du8 course. We welcome Heather Craig lo thè board, who is already making her mark focusing on Community housing. an importani area lor Craignish. and has wasted no lime in getting us connected lo relevant
Craignish Communlty Company Limlted Company Limited by Guaranlee Trustees. Annual Report (Incorporating the Direclor's Report) (continuedj Year ended 31 December 2025 Achlevements and perforniance (continuodj We also record our thanks lo both Mark Hampton and Ben Weaser, who have stepped down from the board. Mark and Ben have each given a great deal ol their lime and energy lo C3 and lo the community, and both will b& sorely missed. We will b8 advertising lo lill the remaining vacancy in due course. Aller six years as Chair, Vicki Burnell stepped down al rhe AGM in July. Vicki's dedication and commitment lo C3 and the wder Craignish community over that lime has been immense, and we are hugely grateful for everything she contributed during her tenure. We are delKJhled that she continues lo givg her lime and @nergy by leading the Community Action Plan, and look forward lo working with her in that rol Flnancial review The overall rèsulls for Ihè yèar pèr Eh6 Siaiemèni ol Finahaai Aciiviliés was a surplus or £59212025: delicil £9181. Al the year end the company held reslricled lunds of £91.878 01 which £66,672 is in respect ol th8 purchase of land and the roundhouse related costs and £18,737. less depreciation in respect ol the conslru¢lion aro held as a capital asset lund. The remaining balance of £6,469 is held lor various smaller funds (see note 171. The company also held l¢lal unreslricled funds of £18,009. Ro$orve$ The policy of the Trust 18 to aim to retain 3ufficient reseNes to meet the co8t ol any regular commilmenls, as well as a contingency lo enable it to ¢onlinue lo develop further projects. A websit8, www.craignish.inlo has been sel up and enables members of the public lo keep up lo dal8 with the activities ol the company. Small company provisions This report has been prepared in accordance with the provisions appliCae lo companies enlilled lo the small companies exemption. The IrLtslees' annual report was approved on trusl88s by-. and signed on behalf ol the board ol Mr Murray Trustee
Craignish Community Company Limited Company Limlted by Guarantee Independent Examiner's Report to the Trustees of Craignish Communlty Company Limited Year ended 31 December 2025 I rgPOII 10 Ihe trustees on my examination ol the financial slalemenls ol Craignish ComrnLJnily Company Limited I'lhe charily'l lor the year ended 31 Deeember 2025. Re8ponslbllltles and basis of report As the trustees ol the company land also ils directors lor the purposes ol company lawl you are responsible lor the preparation ol the tinancial Slalemenls in accordance with the requirements of the Charities an¢J Trustee Inveslmènl Iscoiiandl Aci 2005 Ilhe 2005 Acl'l, the Charities Accounts IS¢oiiandl Regulations 2006 las amended) and the Companies Aci 2006 I'lhe 2006 Acl'l. You are satisfied that the accounts of the Company are not required by charity or company law lo be audited and havo eho$on instead to have an independent exan?in&iioii. Having satisfied myself thai the accounts of the company are not required lo be audited under Part 16 ol the 2006 Act and are eligible lor independent examination, I report in respect ol my examination ol the charity's accounts earried out under section 4411llcl ol Ihg 2005 Act. In carrying out my exarninalion I have Itsllowpd the rèquirements of RulatIOn 11 of tho Charitie8 Accounts IScgllaiTLJI Regulations 2006 las amended). Independent examlner's statement Since the charity is required by company law lo prepare its accounts on an 8etrriials bagis ancl i* registered as a charity in Scoiiand your examiner musl be a member ol a body listed in Regulation 11121 ol the Charities Accounts (Scollandl Regulations 2006 las amended). I can confirm thai i am qtsalilied lo undertake the examination because l am a registered member ol ICAS which is one ol the Iisied bodies. I havv Gompleieo my examinaiion. I wntirm that no matters have come lo my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the charity as required by section 386 01 the 2006 Act, section 4411llal ol the 2005 Act and Regulation 4 01 the 2006 Accounts Rogulations., or the financial Slalemenis do not accord with those records or with the accounting requirements of Regulation 8 01 the Charities Accounts (Scollandl Regulations 2006., or the financial statemènts do not comply with th• accounting roquiremcnts of section 996 of the 2006 Act other than any requirement thai the accounts give a 'lwe and lairf wew which is not a matter Considered as part ol an independent examination., or the financial statements have not been prepared in accordance with the methods and principles ol the Sialemenl ol Recommended Pracli¢e lor accounting and repc)rting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
Craignish Community Company Limited Company Llmlted by Guarantee Independent Examlner's Report to the Trustees of Craignlsh Communlty Company Limlted leontlnu¢dJ Year ended 31 December 2025 I nave no concerns and have come across no other matters in connection with the examination lo which aiienlion should be drawn in this report in order lo enable a proper understanding ol the accounts I be reached. Angus MacGillivray F.C.C.A. ol R A Clemenl Associates C.A. Independent ExAminpr 5 Argyll Square Oban Arg1 PA34 4AZ
Craignish Community Company Limited Company Limlted by Guarantee Statement of Financlal Actlvities {includlng Sncome and expenditure account) Year ended 31 December 2025 2025 Resiricled funds Total funds Tolaj funds Unreslricled funds 2024 Note Income and endowments Donations and legacies Investment income Total Income Expenditure Expendituro oli clidlltable aciiviii¢s Total expendllure 6,250 634 53Q 6.780 634 7,356 98 6,884 530 7,414 7,454 2,789 2,789 4,033 6,822 8,372 8,372 4,033 6,822 Nel Incomellexpendlturo) and net movement In funds 4,095 13,5031 592 19181 Rgconciliatlon of funds Total funds brought forward Total funds carrled forward 13,914 18,009 95,381 91.878 109,295 109,887 110,213 109.295 The Slalemeni of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivrties. The notes on pages 8 to 17 form part of th¥$0 Ilnan¢lal stataments.
Craignish Community Company Limited Company Limlted by Guarantee Stalement of Financial Posltion 31 December 2025 2025 2024 Flxed assets Tangible fixed assets Note 14 85,409 88,748 Current assets Debtors Cash ai bank and in hand 15 58 25,919 25,977 51 24,456 24,507 Credltors.. amounls falllng due w5thln one y•ar Net current assets Total assets less current Ilabillli08 Net assets 16 1.499 1.960 24,478 22,547 109,295 109,295 109,887 109,887 Funds of the charlty Resiricled funds Unreslri¢ied funds Total charlty funds 91,878 18,009 109,887 95,381 13,914 17 109,295 For the year ending 31 December 2025 the charity was 8nlilled lo exemption from audit under section 477 01 the Companies Act 2006 relating lo small companies. Directors, r•spongibilitig8'. The members have not required the company lo obtain an audit of ils financial statements for the year in question in accordance with section 476., Th8 direttttsr_q acknowledge thoir rosponsibilitie for compl>ryng with the reqviremenls uf Ihe Acr with respect lo accounting re¢ords and the preparation ol financial statements. These financial slaiem8nls have been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime. cial siaiemenis were approved by the board ol trustees and authorised lor issue on and are signed on behalf ol the board by.. Mr Trustee Taggart The notes on pago9 8 to 17 lorm part ot these tlnanelal $tatem8nt$.
Craignish Community Company Limited Company Llmlted by Guarantee Notes to the Flnanclal Slatements Year ended 31 December 2025 General Informallon The charity is a public bgnelil enlily and a private company lirniled by guarantee, registered in Scotland and a regisigred charity in Scotland. The address ol the registered office is Sealorth, Ardlern, Lochgilphead, Argyll, PA31 8AN. Statem&nt ol compllanee These financial Slalemenls have been prepared in compliance wlh FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,, the Siaiem8nl ot Recommended Practice applicable lo charities preparing their ac¢ounls in accordance with the Financial Repc)rtino Standard Rpplicable in thè UK and Aopubli¢ ol Ireland (Fns 1021 (Chaiilies SORP IFRS 10211 and the Companies A¢1 2006. Accountlng pollcles Basls of preparation The financial slalemenls have been prepared on the historical cosl basis. as modified by the revaluation ol certain financial assets and liabilities and investment properties measure(S al lair value through in¢ome or expenditure. Thc financial 8tatem¢nts are prepaie(J iii 5terllng. whlcn Is ihe functional currency ol th¢ enlily. Golng concern There are no rnalerial uncertainties about the charity's ability lo continue. Dlsclo$ur& exemptions The entity saiislies the criteria ol being a qualifying enlily as defined in FAS 102. As such advantage has been taken ol the following disclosure exemptions available under paragraph 1.12 of FRS 102.. lal No cash flow Slalemenl has been presented for the company. Ibl Disclosures in respect ol financial instruments have not been presented. Judgements and key sources Of •stlmatlon uncertainly The preparation ol the financial statements requires management to make judgements, esiimales and assumptions that affect the amounts reported. These eslimales and judgements are continually reviewed and are based on exp8rience and other laclors, including expectations of lulure events thai are believed lo bg ieasonable under the circumslanees.
Craignish Community Company Limited Company Llmlled by Guarantee Notes to the Financial Statements (contlnu•d) Year ended 31 December 2025 Accountlng pollcles (eonllnuedj Fund accountlng Unreslricled funds are available for use al the discretion ol the trustees lo further any ol the charills purposes. Designated funds are unresiricled funds earmarked by the Iruslees lor particular lulure project or ¢ommilrnent. Reslricled funds are subjected lo reslriclions on their expenditure declared by the donor or through the terms ol an appeal. and f811 into one ol two sub.clasgog.' rg$tricted income funds gr endowment funds. Income All incorne is included in the slalemenl ol financial activities when entitlement has Dassed lo thÈ harliy, 11 Is protsatyle tnat the economic benolils associated with the transaction will flow lo the charity and the amount can be reliably measured. Th8 following specific policies are applied 10 particular categories ol in¢ome'. income from donations or gfanls is recognised when there is evidence of entillemenl to the gift, recèipt is probable arid ilb amouni can tse measurea reliably. legacy income 1$ recognised when receipt is probable and enlillerneni is established. income from donated goods is measured ai the fair value ol the goods unless this is impracticlè to meagure reliably1 in which thc value 13 derived from the cost 10 Ili¥ tjonor or the eslimaied resale value. Donated facilities and services are recognised in the accounts when received il the value can be reliabily measured. No amounts are included lor the ¢onlribulion ol general volunteers. incorne from contracts lor the supply ol servic8s iq rgcognisèd with thè dolivary of the contracted service. This is classified as unreslricied funds unless there is a contractual requirement lor il lo be Spent on a particular purpose and returned if unspent, in which case il may be regarded as reslrieled. Expendlture Expenditure is re¢ognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is Classified under headings of the slalement of financial aelivilies lo which il relates.. exp¢nditvre on rai8ing lunds includes the cosls uf all fundralslng aciiviiies, events, non- charitable trading aclivilies, and the sale ol donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit ol ils beneficiaries. including thos8 siipport eosls and eosi& rplating to Ihg governanco of the charity apportioned to GharilaL)le activities.
Craignish Communlty Company Limited Company Limited by Guarantee Notes to the Financial Staiements (conrinuéd) Year ended 31 December 2025 Accountlng pollcles (eontlnuod) Expendlture (¢onlAntséd) Other expenditure include5 all expenditure that is neither related lo raising funds lor the charity nor part ol ils expenditure on charitable aclivilies. AII Costs are allocated lo exponditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly to that a¢iivily. Shared costs are apprortioned between the activities they conlribul6 lo on a reasonable, justifiable and consistent basis. Tanglble as$ot8 Tangible assets are initially recorded al cost, and subsequently slated al cost less any accumulaied depreciation and impairment losses. Any tangible assets carried al revalued amounts are re¢orded ai the lair value al the dale ol revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying arnounl ol an asset as a result of a revaluation, is recognised in Olh8r recognised gains and losses, unless il reverses a charge lor impairment that has previously been recognised as expenditure within the slaiemenl ol financial aclivilies. A decrease in the carrying amount of an asset as a result ol revaluation, is recognised in Other recognised gains and losses. except to which il oflseis aTly prevlous revaiuaiion gain, in which case the loss is shown within other recognised gains and losses on the slalemeni of financial activities. Depreclatlon Tangiblè fixAd asgÈts are stat9d at eo$t l&so 2ccumultti¢d depreciation. Depieci&alion 15 provlOe(( at rates calculated 10 write off the cosi less residual value ol each asset over ils expected useful life, as follows.. Roundhouse 5% Slraighl line As the land has an indefinite useful life, il has not been depreciated in the tinancial slalemenis. Impalrmenl of flxed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount beii)g e5titnate(I where such inclicaiors exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairmenis are a150 reviewed lor possible reversal al each reporting dale. For the purposes of impairment lesiing, when il is not possible lo estimate the recoverable amount of an individual a-- .ct, an ¢8timate is made of the ieLuv¥rable amounr oi the eash. generating unil lo which the asset belongs. The cash-generating unit is the smallest identifiable group ol assets that includes the asset and generates cash inflows that largely independent ol the cash inflows from other assets or groups ol assets. For impairment tasting of onodwill. tho goodwill acquirad in a businows combination is. trom the a¢quisilion date, allocated ID each ol the ¢ash-generaiing units that are expected to benefit from th8 synergies ol the combination, irrespective ol whether other assets or liabilities ol the charity are assigned to those units. 10
Craignish Community Company Limited Company Llmlted by Guarantee Notes to the Flnancial Statements (¢ontlnued? Year ended 31 December 2025 Accounting poll¢ies {COllllnu•d) Finanelal Instwments A financial asset or a tinanclal liability is recognised only when the charity becomes a party to the conlraclual provisions ol the inslrumenl. Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs. Current assets and current liabilili8s are subseouenily measured ai th8 Cash or Other consideration expected to be paxj or rècoivgd and not diE¢ounted. Debl instruments are subsequently measured ai amortised cost. Where investments in shares are publicly traded or their lair value can otherwise be measured reliably, the inveslm&nl Is subsequently measured al fair value with changes in fair value reeognise(J In Income and expenditure. All other such investments are subsequently measured al cost less impairment. Other linan¢ial inslrumenls, in¢luoling derivatives, are initially recognised ai lair value, unless payrneni for an asset is deferred beyond normal business terms or financed al a rate ol interest that is not a lildrkBI raie, In whlcn case the asset Is measured al the present value ol the Ivlure payments discounted al a market rale of interest for a slmilar debt in51rumenl. Other financial instruments are subsequently measured al lair value. with any changes recognised in the Slalemeni of financial aclivilies, with the exception ol hedging instruments in a designatèd hodging relationship. Financial assets thai are measured at cost or amortised cost are revi8wed lor objective ewdence of impairment al the end of each reporting dale. 11 there is objective evidence ol impairment, an impairment Ios5 is recognised under the appropriate heading in the slalemenl of financial activities in which thR initial gain was recggnisod. For all equity instruments regardless ol signili¢ance, and other financial assets that are individually signiti¢anl, these are assessed individually lor impairment. Other financial assets are either assessed individually or grouped on the basis tsl similar credit risk characlerislics. Any reversals ol impairment are re¢ognised immediately, lo the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Llmlted by guarant80 Craignish Community Company is a company limited by guarantee and accordingly does not have a share capital. Every member ol the company undertakes to contribute such amount as may be required not èxcoeding £1 to tho asgots of the charitable company in the event of its beiiig wuund up whlle he or she is a member. or within one year after he or she ceases lo be a member.
Craignish Community Company Limited Company Lirnlted by Guarantee Notes to the Financlal Statements feonfvnu) Year ended 31 December 2025 Donatlons and legacles Unresiricled Funds Reslricled Total Funds Funds 2025 Donatlons Donations Tax reclaimed on gift ald 5,000 1,250 449 81 5,449 1,331 Grants Grants 6.250 530 6,780 Unreslricled Funds Restricted Total Funds Funds 2024 Donatlon$ Donations Tax reclaimed on gift aid Grants Grants 2,000 2,356 4,356 3,000 5,356 3,000 7.356 2,000 Investmènt Incom& Unreslricled Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Bank interest receivable 634 634 98 98 12
Craignish Community Company Limited Company Limiled by Guarantee Notes to the Financlal Slalements (conllntsed) Year ended 31 December 2025 Expendlluro on charltable a¢tlvltles by fund type Unreslri¢ied Funds Re51ricled Total Funds Funds 2025 Core activities First Responders Talamh an Righ Wildlife projects Support costs 1.566 1,339 2,694 2,905 2,694 1.223 2.789 1,223 6.822 4.033 Unreslricled Funds Reslricled Total Funds Funds 2024 Corè arlivities First Responders Talamh an Righ Wildlife projects Support costs 2,545 1.339 1,284 1,198 966 3,884 1,284 1,198 966 1.040 1,040 3,585 4,787 8,372 Expendtture on charltable actlvltles by actlvhy lypo Activities undertaken dire¢lly Support cost5 Total funds 2025 Total fund 2024 Core activities First Responders Talamh an Rign Wildli18 project$ Governance costs 2,905 2,694 2,905 2,694 3,884 1,284 I,J98 966 1,040 8,372 1,223 1,223 6,822 5,599 1,223 Taxation The charity is a charitable company within the meaning ol the Finance Act 2010. Accordingly the charills activities fall within the exemptions from laxalion in respect ol income or capital gains afford&d by tho prgviEionD ol thts Corporation Taxes Act 2010 and the Taxation of Chargeablo Gains Act 1992 to the extent thai such income or gains are applied lor charitabl8 purposes. As a result. there is no laxalion charge in these accounts. 13
Craignish Community Company Limited Company Llmited by Guarantee Notes to the Flnaneial Statements (contlnu•d) Year ended 31 December 2025 10. Net In¢omel{exp&ndltur61 Nel In¢omellexpenditurel is slated after charginglleredilingl.. 2025 2024 Depreciation ol tangible fixed assets 1,339 1,339 11. Independent examlnatlon loe8 2025 2024 Fegs payabl? to the indcpondent examiner for.. Independènt examination ol the financial slalemenis 1,223 960 12. Staff co8t8 No salaries or Y4ag¢s hav¥ pald io employees, incluoing the Oirecters, during the year. 13. Trustee remuneratlon and expenses The charity Iruslees, who are the directors of the company, were not paid and did not receive any remijnpration benefits in kind or r•imbursoment ol cxpcnses in their capacity as trustee duiiiiy the year. No Iruslee received payment lor professional or other services supplied to the charity. 14. Tangible Ilxed assets Freehold property Plant and machinery Total C08t At 1 Jan 2025 and 31 Dec 2025 D•prè¢l8tlon Ai 1 Jan 2025 Charge for the year At 31 Dec 2025 Carrylng amaunt At 31 De¢ 2025 66,672 26,771 93,443 6,695 1,339 6,695 1,339 8,034 8,034 66,672 86,672 18,737 20,076 85,409 Al 31 Dec 2024 86,748 15. Debtors 2025 2024 Prepayments and accrued income 58 51 14
Craignish Community Company Limited Company Llmlted by Guarantee Notes to the Financial Statements Icontlntsj Year ended 31 December 2025 16. Credllors: amounts falling due withln one year 2025 2024 Trade creditors Accruals and d&ferred income 360 1,600 1,960 1,499 1,499 17. Analysls of eharllable funds Unrestrlcled funds Al 1 Jan 2025 At Transfers 31 De¢ 2025 Income Expenditure General funds 13.914 6,884 12.7891 18,009 Al 1 Jan 2024 Ai Tfanslers 310ec 2024 In¢ome Expenditure General funds 14.251 2,098 13,58SI 1,150 19,914 15
Craignish Community Company Limited Company Llmited by Guarantee Notes to the Flnanclal Statements {eontlnu*dJ Year ended 31 December 2025 17. Analy¥ls of charltable funds (eoniinued) Restrleted funds Al 1 Jan 2025 At Transfers 31 Dec 2025 Income Expenditure Talamh An Righ Capit81 Fund Roundhouse Capital Fund Talamh An Righ Rov•nuo Fund First Responders Wildlife projects Cromach Fund Healy arts Kilvar8è Stongs Toddlers Group S6,672 66,672 20,076 11,3391 18,737 685 4,924 24 ti85 2,311 24 81 12,6941 3,000 3,000 449 449 95,381 530 14,0331 91,878 At Transfers 31 Dec 2024 Al 1 Jan 2024 Income Expenditure Talamh An Righ Capital Fund Roundhouse Capital Fund Talamh An Righ Revenue Fund First Responders Wildlife projects Cromach Fund Healy arts Kilvaree Stones Toddlers Group 66,672 66,672 21,415 11,3391 20,076 1,883 2,852 990 400 7SO 11,1981 11,2841 19661 685 4,924 ?4 2.356 14001 17SOI 3.000 3,000 95,96 5.356 14.7871 11,1501 95.381 16
Craignish Community Company Limited Company Limlted by Guarantee Notes to the Financial Statements (conllnuéd) Year ended 31 December 2025 17. Analysi8 of charltable funds (eonlInJ Purposes ol reslri¢ied funds Talamh An Rlgh Capltal Fund Donations were raised in order to purchase a plot of land lor an original cost of £61,739, including legal costs. In subsequent years additional lees lor design relating lo development ol the land have been incurred. Roundhouse Capltal Fund Th¢ Roundhouse is a wooden round pavilion Structure Ihal acts as a shelterlplay space (Juring playtime. Èvpnings and weèkends, and an outdogr classroom. It is expected to labl 20-25 years with minimal maintenance. Talamh An Rlgh Revenue Fund The lolal donations raised in 2016 in relation 10 Ihe land purchase exceeded the purchase price and therefore the balance ol luncss was CArried forward to uge against futurg costs of developing the plot into the community play area, Flrst Rèsponders The fund is managed lo support certain medical emergency setvices in the Craignish Community. Kiivare¢ siones. A disbursement was received from the Natural History and Aniiquarian Society ol Mid Argyll. The purpose is to uso th8 funds to interpret and champion the s¢ulplured stones al Kilvaree Chapel in the wider context ot the Craignish peninsula. Toddler8 Group This fund was initiated from funds raised by a group of local parents. The purpose of the fund is lo provide play equipment, activities and events lor young children and families in the Craignish area and will Continue by means of fund-raising activities arranged by the organisers. 18. Analys1$ of net a$s•ls between funds Unrestricted Funds Restricted Total Fund$ Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year N•1 asset$ 85,409 6,469 85,409 25,977 11,4991 109,887 19,508 11,4991 18,009 91,878 Unresiricled Funds Reslricled Total Funds Funds 2024 Tangible fixed asset$ Gurreni assers Creditors less than 1 year Net a$$et$ 86,748 8,633 86,748 24,S07 11,9601 109,295 15,874 11,9601 13,914 95,381 17
Craignish Community Company Limited Company Llmited by Guarantee Management Information Year ended 31 December 2025 The followlng pages do not form part ol the linanclal statement$. 18
Craignish Community Company Limited Company Limlled by Guarantee Detalled Statement of Financial Actlvlties Year ended 31 December 2025 2025 2024 Income and •ndowments Donations and legacles Donations Tax reclaimed on gift aid Grants 5,449 1,331 4,356 3,000 7,356 6,780 Investment Income Bank interest receivable 634 98 Total incomè 7.414 7,454 Exp•ndlture Expendlture on charltable acllvllles Light and heal Insurance Legal and professional lees 12801 699 1,223 1.339 3,694 147 700 586 1,040 1,339 4,595 112 DEFJf¥¥i<JliBn Other costs Donations and grants 6,822 8,372 Total expendlture 6,822 8.372 Net Incomellexpendlture) 592 19181 19
Craignish Community Company Limiled Company Llmited by Guarantee Notes to Ihe Detailed Statement of Flnanclal A¢tivitits Year ended 31 December 2025 2025 2024 Expendlture on charltable actlvltles Core actlvltles Actlwltles undertaken dlrectly Light & heat Core activities - Insurance Depreciation Core activities - Other costs Core activities- Donations & grants 12801 699 1,339 1,000 147 700 586 1,339 1,147 112 2,905 3,884 Flrst Responders A¢tivilies undertaken dlrectly First Responders Tolamh an Rlgh A¢tlvities undertaken directly Talamh an Righ costs Wildllfe prolocls Actlvllles undertaken dlrectly Ildllle project cosis Governance costs Independent examination le8S Governance ¢osls - legal and other professional lees 2,694 1,284 1,198 966 1,223 960 80 1.223 1,040 Expendlture on charitsble a¢tivitle$ 6,822 8,372