REGISTERED COMPANY NUMBER: SC263270 (Scotland) REGISTERED CHARITY NUMBER: SC036011
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 2025
for Fas Mor
Donald Rankin Business Services Tigh an Oisean Bridge Road PORTREE Isle of Skye Highland IV51 9ER
Fas Mor
Report of the Trustees for the Year Ended 31 July 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 31 July 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
Fàs Mòr aims to provide a safe, permanent environment to benefit children and young people who both reside in and visit the south Skye area. Our mission is to promote the welfare, further the heath and advance the education of children aged 12 years and under, with qualified, registered care, and in a relaxed and stimulating environment, through the medium of Gaelic.
ACHIEVEMENTS AND PERFORMANCE
There are currently over 40 children registered with Fàs Mòr, for who we have continued to provide high quality childcare through the medium of Gaelic.
The year 2024 in to 2025 saw some continuity but was challenging. The board of Fàs Mòr had managed to establish the use of the portacabin in the school grounds for the use of Fàs Mòr following the closure of the Fàs building, and this had some benefits and some downsides. The main benefit is the proximity to the school which made it easier for parents who also had children at the school - particularly for the afterschool service. The downsides are that portacabins, despite the best efforts of staff, are not ideal buildings for young children. There are no view out of the windows for small ones, so there a disconnect from nature, and the outdoor space is extremely limited.
The board also had to deal with a turnover of staff, with some practitioners moving on to higher paid work elsewhere, and the manager resigning from the role after going on maternity leave. Losing Lucy was a blow, as she had shown herself to be a great leader, despite her young age.
The board managed to recruit a new manager in Maria Russell, who as well as being a fluent Gaelic speaker was an experienced early years practitioner.
However, a Care Inspectorate report highlighted several issues in the service where they felt Fàs Mòr was not meeting required standards. Part of this was due to nature of the facilities themselves, which are limited, and some of this was due to the new managers capacity to lead and fulfil her responsibilities. This saw much of the boards time, particularly that of Francesca Leigh and Neil Stephen, trying to give Maria support and trying to work with other parents to improve the offering at the facility. The board also decided to purchase an app called Famly, which is designed to try and ensure the smooth administration of an early years facility while keeping parents updated on activities.
The work to improve Fàs Mòr is ongoing. The limitations for the board is that it is not easy to recruit staff with the requisite qualifications and skills, but mention must be made of the effort made by Maria Russell to try and implement improvements.
We have engaged parents by organising a day of garden improvements and inviting more participation.
Page 1
Fas Mor
Report of the Trustees for the Year Ended 31 July 2025
FINANCIAL REVIEW
The financial position of Fàs Mòr did not follow the improvements seen in the previous year. As at 31 July, the organisation reported a loss for the year of £4,770, compared to a profit of £5,794 in the previous year. While generous donations from individual supporters highlighted the value placed on Fàs Mòr's work, this period also marked the end of funding from Highland Council, and the organisation remained reliant on continued support from Bòrd na Gàidhlig.
The board has continued to face the implications of the £10,000 per annum removal of funding from Highland Council, and has been doing the following:
Reviewing costs: We have increased charges to parents to be in-line with similar services provided by the council and told parents that the charges will increase by inflation each year.
Securing funding sources: Bord na Gaidhlig has continued to give valuable support in the short term which we hope will become a longer-term commitment.
Funding was secured from the Highland Council to purchase outdoor equipment and storage to improve the experience of the children.
Fund raising
The board is committed to expanding its own fund-raising efforts and will be organising various events throughout the calendar year. We held a successful music night in collaboration with the Clan Donald. However, ambitions were scaled back on events due to the focus on addressing the Care Inspectorate requirement. We are also looking to expand our "100 Club."
Sabhal Mòr Ostaig
The Sabhal Mòr Ostaig continue to offer generous financial support to Fàs Mòr, through account and administrative support. This has been particularly valuable in Human Resources. Fàs Mòr offers a wonderful service to parents, but also a huge support in introducing young children to Gaelic, and SMO should be proud to be part of such an important and unique cultural and social enterprise.
Summary
The financial position of Fàs Mòr remains precarious for a few reasons. There is an unreliable level of children attending. This is due to a lack of young children in Sleat, financial constraints on potential users, who may restrict use to save money during the "cost of living crisis". This means that on occasion the service is overstaffed for the number of children attending. The loss of guaranteed financial support from Highland Council, and the reliance of one-off donations means that the financial situation can never be considered stable.
The board remain committed to continuing the vital work of Fàs Mòr, and along with support from the Sabhal Mòr Ostaig, hope to be back at their home in the Fàs building within the next couple of years. In the meantime we will make the best of our facility at the school and support our staff to provide a welcoming and safe space for the children and give parents the knowledge that their children are being cared for and protected.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 10 February 2004 and registered as a Scottish charity on 16 November 2004. 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. In the event of the company being wound up members are required to contribute an amount not exceeding £1
Related parties
Trustees and any other connected persons are charged the same rate as external users for any services rendered by Fas Mor.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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Fas Mor
Report of the Trustees for the Year Ended 31 July 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number SC263270 (Scotland)
Registered Charity number SC036011
Registered office Sabhal Mor Ostaig An Teanga Sleite Isle of Skye IV44 8RQ
Trustees
N R Stephen Ms G Munro (resigned 1.1.26) J Fraser R Neithercut Dr A Williamson (resigned 3.3.25) Ms F L Leigh (resigned 30.10.25) M V Simpkinson (appointed 1.1.26)
Independent Examiner Fiona Maclean FCCA Donald Rankin Business Services Tigh an Oisean Bridge Road PORTREE Isle of Skye Highland IV51 9ER Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ N R Stephen - Trustee
Page 3
Fas Mor
Statement of Financial Activities for the Year Ended 31 July 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 19,974 Charitable activities Childcare provision 66,217 Other trading activities 2 371 Total 86,562 EXPENDITURE ON Charitable activities Depn furnishings & equip - Childcare provision 91,332 Total 91,332 NET INCOME/(EXPENDITURE) (4,770) RECONCILIATION OF FUNDS Total funds brought forward 22,083 TOTAL FUNDS CARRIED FORWARD 17,313 |
Restricted funds £ 15,000 - - 15,000 - 15,000 15,000 - - - |
31.7.25 Total funds £ 34,974 66,217 371 101,562 - 106,332 106,332 (4,770) 22,083 17,313 |
31.7.24 Total funds £ 23,891 73,995 1,071 98,957 249 92,914 93,163 5,794 16,289 22,083 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
Fas Mor
Balance Sheet
31 July 2025
| 31.7.25 | 31.7.24 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 7 | 1,202 | - | 1,202 | 1,414 | |
| CURRENT ASSETS | ||||||
| Debtors | 8 | 9,752 | - | 9,752 | 13,327 | |
| Cash at bank | 12,426 | - | 12,426 | 19,867 | ||
| CREDITORS | 22,178 | - | 22,178 | 33,194 | ||
| Amounts falling due within one year | 9 | (3,841) | - | (3,841) | (10,299) | |
| NET CURRENT ASSETS | 18,337 | - | 18,337 | 22,895 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 19,539 | - | 19,539 | 24,309 | ||
| CREDITORS | ||||||
| Amounts falling due after more than one year | 10 | (2,226) | - | (2,226) | (2,226) | |
| NET ASSETS | 17,313 | - | 17,313 | 22,083 | ||
| FUNDS | 12 | |||||
| Unrestricted funds | 17,313 | 22,083 | ||||
| TOTAL FUNDS | 17,313 | 22,083 | ||||
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 form part of these financial statements
continued...
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Fas Mor
Balance Sheet - continued 31 July 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. N R Stephen - Trustee
The notes form part of these financial statements
Page 7
Fas Mor
Notes to the Financial Statements
for the Year Ended 31 July 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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.
Furnishings and equipment
- 15% on reducing balance
Taxation
The charity is exempt from corporation 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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Fas Mor
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.7.25 | 31.7.24 | |
| £ | £ | |
| Fundraising events | 371 | 1,071 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| Depreciation - owned assets | 31.7.25 £ 212 |
31.7.24 £ 249 |
| Other operating leases | 1,500 | 1,875 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024.
5. STAFF COSTS
| 31.7.25 £ Wages and salaries 83,539 Social security costs 143 Other pension costs 909 84,591 The average monthly number of employees during the year was as follows: 31.7.25 Manager 1 Playworkers 5 6 |
31.7.24 £ 76,997 - 1,046 78,043 31.7.24 1 2 3 |
|---|---|
No employees received emoluments in excess of £60,000.
continued...
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Fas Mor
Notes to the Financial Statements - continued for the Year Ended 31 July 2025
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
----- Start of picture text -----
|||||
|---|---|---|---|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|£|£|£|
|INCOME AND ENDOWMENTS FROM|
|-|
|Donations and legacies|23,891|23,891|
|Charitable activities|
|-|
|Childcare provision|73,995|73,995|
|-|
|Other trading activities|1,071|1,071|
|Total|98,957|-|98,957|
|EXPENDITURE ON|
|Charitable activities|
|Depn furnishings & equip|249|-|249|
|-|
|Childcare provision|92,914|92,914|
|Total|93,163|-|93,163|
|NET INCOME|5,794|-|5,794|
|RECONCILIATION OF FUNDS|
|-|
|Total funds brought forward|16,289|16,289|
|TOTAL FUNDS CARRIED FORWARD|22,083|-|22,083|
|7.|TANGIBLE FIXED ASSETS|
|Furnishings|
|and|
|equipment|
|£|
|COST|
|At 1 August 2024 and 31 July 2025|1,956|
|DEPRECIATION|
|At 1 August 2024|542|
|Charge for year|212|
|At 31 July 2025|754|
|NET BOOK VALUE|
|At 31 July 2025|1,202|
|At 31 July 2024|1,414|
----- End of picture text -----
continued...
Page 10
Fas Mor
Notes to the Financial Statements - continued
for the Year Ended 31 July 2025
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.7.25 | 31.7.25 | 31.7.24 | ||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Trade debtors | 6,947 | 11,166 | ||||
| Tax | - | 1,172 | ||||
| Prepayments and accrued income | 2,805 | 989 | ||||
| 9,752 | 13,327 | |||||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| Social security and other taxes | 31.7.25 £ 1,065 |
31.7.24 £ - |
||||
| Sabhal Mor Ostaig | - | 8,167 | ||||
| Accruals and deferred income | 397 | 34 | ||||
| Accrued expenses | 2,379 | 2,098 | ||||
| 3,841 | 10,299 | |||||
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | ||||
| Other loans (see note 11) | 31.7.25 £ 2,226 |
31.7.24 £ 2,226 |
||||
| 11. | LOANS | |||||
| An analysis of the maturity of loans is given below: | ||||||
| Amounts falling due between two and five years: | 31.7.25 £ |
31.7.24 £ |
||||
| Loan- Urras na Drochaid | 2,226 | 2,226 | ||||
| 12. | MOVEMENT IN FUNDS | |||||
| Unrestricted funds | At | 1.8.24 £ |
Net movement in funds £ |
At 31.7.25 £ |
||
| General fund | 22,083 | (4,770) | 17,313 | |||
| TOTAL FUNDS | 22,083 | (4,770) | 17,313 | |||
continued...
Page 11
Fas Mor
Notes to the Financial Statements - continued
for the Year Ended 31 July 2025
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 86,562 Restricted funds Bord na Gaelic 15,000 TOTAL FUNDS 101,562 Comparatives for movement in funds At 1.8.23 £ Unrestricted funds General fund 16,289 TOTAL FUNDS 16,289 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 98,957 TOTAL FUNDS 98,957 |
Resources Movemen expended in funds £ £ (91,332) (4,770) (15,000) - (106,332) (4,770) Net movement At in funds 31.7.24 £ £ 5,794 22,083 5,794 22,083 Resources Movemen expended in funds £ £ (93,163) 5,794 (93,163) 5,794 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds | At 1.8.23 £ |
Net movement At in funds 31.7.25 £ £ |
|---|---|---|
| General fund | 16,289 | 1,024 17,313 |
| TOTAL FUNDS | 16,289 | 1,024 17,313 |
continued...
Page 12
Fas Mor
Notes to the Financial Statements - continued
for the Year Ended 31 July 2025
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Bord na Gaelic TOTAL FUNDS |
Incoming resources £ 185,519 15,000 200,519 |
Resources Movement expended in funds £ £ (184,495) 1,024 (15,000) - (199,495) 1,024 |
|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2025.
Page 13
Fas Mor
Detailed Statement of Financial Activities for the Year Ended 31 July 2025
| Detailed Statement of Financial Activities for the Year Ended 31 July 2025 |
||
|---|---|---|
| 31.7.25 | 31.7.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 11,065 | 7,609 |
| Grants | 23,909 | 16,282 |
| Other trading activities | 34,974 | 23,891 |
| Fundraising events | 371 | 1,071 |
| Charitable activities | ||
| Day care fees | 57,449 | 61,058 |
| After school club fees | 8,768 | 12,937 |
| 66,217 | 73,995 | |
| Total incoming resources | 101,562 | 98,957 |
| EXPENDITURE | ||
| Charitable activities | ||
| Staff costs | 83,539 | 76,997 |
| Social security | 143 | - |
| Pensions | 909 | 1,046 |
| Rent | 1,500 | 1,875 |
| Insurance | 943 | 927 |
| Light and heat | 3,532 | 444 |
| Advertising | 176 | 378 |
| Sundries | 69 | 281 |
| Cleaning mats & waste disposal | 1,825 | 2,377 |
| Catering supplies | 2,304 | 2,389 |
| Training | - | 1,200 |
| Equipment & materials | 9,101 | 3,039 |
| Subscriptions | 317 | 297 |
| Computer software | 304 | 462 |
| Depn of furnishings and equip | 212 | 249 |
| Bank charges | 133 | 119 |
| Loan interest | 171 | 75 |
| Support costs | 105,178 | 92,155 |
| Governance costs | ||
| Accountancy fees | 1,154 | 1,008 |
| Total resources expended | 106,332 | 93,163 |
| Net (expenditure)/income | (4,770) | 5,794 |
This page does not form part of the statutory financial statements
Page 14
Independent Examiner's Report to the Trustees of Fas Mor
I report on the accounts for the year ended 31 July 2025 set out on pages five to thirteen.
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.
Fiona Maclean FCCA The Association of Chartered Certified Accountants
Donald Rankin Business Services Tigh an Oisean Bridge Road PORTREE Isle of Skye Highland IV51 9ER
Date: .............................................
Page 4
Fas Mor
Contents of the Financial Statements for the Year Ended 31 July 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| Detailed Statement of Financial Activities | 14 |