Islay Community Access Group Trustees, report & financial accounts for the year ended 31 January 2025 Registration No- SC037772 Simmers & Co OBAN
Islay Community Access Group Financial Statements Year ended 31 January 2025 Page Trustees. annual report Independent examiner's report to the trusoes Statement of financial accivities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Deoiled statement of financial attivities 18 Notes to the detsiled ststement of financial acctvities 19
Islay Community Access Group Truste•s' Annual Report Year ended 31 January 2025 The trustee5 present their repory and the unaudited financial statement5 of the chariry for the year ended 31 January 2025. Rèference and administrative details R¢gi5tered charity name Islay Community Access Group Charity registratlon number SC037772 Principal office Lochindaal House Port Charlotte Isle ol Islay PA48 7UD The trustees Independent examiner
Islay Community Access Group Truste8s' Annual Report (¢ontinuod) Year ended 31 January 2025 Structurei governance and management The organisation is a charity and registered as a charity on 30th January 2007. The Trustees who seryed diiring the year were.. Under the requirements ol the constituuon. the Nanagement committ is elecred at the AGM and members serve for three years wsth the possits'lity of being elected for a further three years. The Chairman may only serye a term ol two years unless overridden by the Committee, this having happend by unanimous decisitsn since 2013. Addicional members, up. n)ay be co-opted becween AGMS to a maximum of 15 of the Management Commirtee. The Managernenc Committee is deemed to meet a mrnimum of four meeting5 in the year. Z¢Jorn meetin85 have suppLinied face to face meetings during Covid and even greacer emphasis on IT communication has been necessary. Such contemporary communlcation has been deemed adequate and effKrive by the Management Group. The Trustees ha¥e delegated the day to day running of the organisation to the Management Committee on a relevant Skill basis and will contirue to do so for the foreseeable future. Objectives and artivities The charities objeetives are: Improve the quality of life for those who live on Islay and those v75iting Islay by creaiing a safe and accessible rdnge of opportunities 10 access the counrryside for recreation and enhanced health and wellbeing. Advance education about environmenral and cultural a5pecrs of the countryside. Increase learning opporcunities about safety and acce55ibility of the countryside for 211. IncrÈase community benèfiL involvement and interest in responsible acce55 to the Countryside. The Trustees have paid due regard to guidance issued by che Office of rhe Scottish Chariry Regulator in deciding what activicies the Charity Should undertake. The Trustees and members of the Management Committee are all vdunteer5. Additional volunteer5 help with the Group s activicies from time to time.
Islay Community Access Group Trustees, Annual Report (ntinued) Year ended 31 January 2025 Achievements and performance The purpose of the Islay Community A¢$ Group IICAGI is to create and maintain wheeling and pedestrian pathways between the villages on Islay where there are presently insufficient pavements or paths. To facilitate this, we need to raise funds from privace businesses and through grants and funding from local and narional governments. We also seek public donations and are still working on introducing a QR system to allow direct transfer of funds as more and more people visiting the paths do not carry cash. During this year we have been fortunate to receive several donations from private individuals and businesses. Sadly, the problems with ferry bookings and unreliable ferry services have seen a downturn in visitors thi5 last year and a similar downturn in our public donaiions. In addition to the fund raising, we have limited responsibiliry to maintaining some pathways that give access to beache5 and open spaces. We had been working with the Botanist Trust (Bruichladdich) to develop new educational sigr¢age for the paths to give information regarding the geological formations. wildlife and flora to be observed along the Lochindaal Way. These signs have been installed and we have received p051tive verbal feedback on the information available. In order to facilitate the arrangements for the maintenance and construction of the paths under our responsibility we hold bimonthly management meeting wilh the ICAG trustees. Ai present we have seven trustees holding office. There have been no changes in the trusrees in this year but we do need to attract new member5 as we all grow older. This is £0 be discussed at the AGM. In 2024125 we had responsibility for the maintenance of two paths. The Three Distilleries path, shortly co be renamed as the Four Distilleries paih when the Portnatruin Distillery comes into operation. from Port Ellen to Ardbeg. and the Lochindaal Way which joins the villages of Bruichladdich and Port Charlotce. To maintain these paths. we have engaged with a loc21 contractor who has cut back undergrowth and cleared grass where this was overgrowing the path. Various works have been completed where walling repairs were required where these have been damaged through wear and tear and animals. The Lochindaal Way was severely damaged by flooding when the roads department cut through a verge and allowed flood water to cascade onto the path surface causing severe erosion of the path and lifting a large area of the top surface. Despite this being taken up by the local councillor the roads deparnnent have denied any responsibiliry and we will have to fund the repairs ourselves. There is a housing development by Wesc Highland Homes. (a partnership of Argyll &Bute Council and the Scottish Government) at the Port Charlotte end of the Lochindaal Way. As part of these works. the contractor took away the banking on the roadside and left the wall and path in a precarious state. After several communications the local councillor assisted in bringing this to the attention of the planning authorities who instructed the contrattor to make the area safe. The precarious wall was demolished and bank graded but the resultant pavemeni 15 less wide at only tsyo metres wide and a steep gradient connects onto the existing path which has reduced accessibility for those less able. Work has still continued on the latest projett Ihroughout 2024 with the design and arranging permissions for the Bovffliore to Bridgend pathway. This is still in the planning and development stage (Stage four) and planning permassion is underway with Argyll & Bute Council. Grants were awarded for the planning and development of the path which have now been consumed. The main objections are from the roads department which has held up planning for severdl months. These objettions and the people involved are now subjett to an iniernal investigation within A&B Council. There is very little funding available for the development of paths as most of Ihe Sustrans funding goes to the larger cities where they already have walkways and Sustrans has no control over how the monie5 are spent.
Islay Community Access Group Trustees, Annual Report fcontlnuedj Year ended 31 January 2025 It is likely that once planning permission is obtained the projett will be split into four 5ettions which will have more manageable costs. In 2023 we started the process of applying to become an SCIO however the application has been rejected as our constitution does not meet with the requirements of OSCR. As suggested by OSCR we have applied to our Third Sector Interface Office for guidance but to date have not received any reply although thrs 15 being followed up. Once we have achieved our SCIO status we will develop a new land agreemenL Financial review It is policy of the Charity that unrestritted funds which have noc been designated for a specific use should be maintained at a level equivalent to betsyeen three and six month'5 expenditure. The Trustses considers that reserve5 at his level will ensure tha[ in the event of a significant drop in funding, they will be able to continue that Charity's current activities while consideration is given to ways in which additional funds may be rnised. This level of reserves has been maintained throughout the year. The organisation generated total income of £77.791 {2024 £117.580) of which £13,802 {2024 £11.3411 was unrestricted and £63,989 (2024 - £106,239) was restricted. Total expenditure was £72.983 {2024 - £119.218) of which £8.99412024 - £12,980) was unrestricted and £63.989 {2024 £106,239) wa5 restricted. As a re5ul¢ the charity generated an overall surplus of £4,808 {2024 - deficit £1.639} and made a surplus on unrestricted funds of £4,808 {2024 deficit 11.639) and a deficir of £nil (2024 £nill on restrIcd activities. Total funds at the year-end were £49.355 12024 - £44,988), £44,98812024 - £44.988 including £20.000 designated) were unrestritted and £nil (2024 - £nill were unrestrlcd. Principle funding sources in the year were donations from the donation boxes and local businesses to maintain the existing paths and grants from Argxll & Bute Council for maintenance and planning of the Bowmore 10 Bridgend path. The Trustees have considered the most appropriate policy for investing funds and has found that short to medium term investment of funds should be held in a mixture of current accounts.
Islay Community Access Group Trustees. Annual Report IcontlnuetsT) Year ended 31 January 2025 Plan5 for future period5 In 2025 we will aim to tontirtue our maintenancè of the existing pachs, the Four Distilleries path and the Lh1ndal Way. ustng our Ioc31 contrattor and raisin8 fijnding from the distillenes and other businesses on the Island. We will continue wth our application5 for planning pemis5i9n for the Bowmore to Bridgend pathway and working with Sustrdn5 and other VernMen1 bodies (Paihs for all) to raise funding for the construction of the paths. We are also actively working on bringing our WebSe up to date and to improve the information available. At present the website, Islay Pathways, has very limited informacion on the Bridgend to owmore pathway and nothing about our other interests. The trustees, annual report was approvèd on l O April 2025 and signed tsn behalf of the Eoard of trusteei by. I'USLee
Islay Community Accoss Group Independent ExaMineS Report to Ihe Trustees of Islay Community Access Group Year ended 31 January 2025 report to the trustees on my examination of the financial ststements of Islay Community Access Group I'the charity'} for the year ended 31 January 2025. Responsibilities and basis of report As Ihe truscces of the chariry, you are responslble for the preparation of the finaTrcial statements in accordance with the requirements of the Charities and Trustee Investment {Scotland) Act 2005 (the .2005 Act'l and the Chariues Accounts (Scotland) Regulations 2006 las amended). You are sat15fied that your charity is not required by chariry law to be audited and have chosen instead to have an independent examination. I report in respect of my examination of the charity's financial statements as carried out under settion 4411 Ilc) of thè 2005 Act. In carrying out my examination I havè followed the requirements of Regulation I l ol the Charities Accounts {Stotland) Regulations 2006 las amended). Independent examiner's statement Since the chariry has prepared its accounts on an accruals basis your examiner must be a member of a body listed In Regulation 1112) of the Charioes Accounts {Scodandl Regulation5 2006 (as amended). I can confirm that l am qualified to undertake the examination bec3Use l am a registered member of the Insticute of Chartered Accountants in England and Wale5 {ICAEW) which is one ol che listed bodies. I havÈ completed my ex2mination. I confirm that no m*ttÈrs have come w my atttIOn giving me cause to beliLwe that in any material respecL' accounting records tre not kept a5 required by section 44(1)(a} of the 2005 Act and Regularl0 4 of the Charitie5 Accounis (Scotlandl Regulacions 2006 las amendedl.. or the financial statements do not accord th those records: or the financial s0ments éo noc comply with the accounting requirements of RegulaDon 8 of the Charities Accounts (Scotlandl Regulations 2006 (as amended). I have no concerns and havè Come across no othèr marcers in connection with the examination to which atEention should be drawn in this reporc in Order to enable a proper understsnding of the cc Independent Examiner Simmers & Co, Chartered Accountants Albany Chambers Albany Sireet Ob3n Argyll PA34 4AL
Islay Community Access Group Statement of Financial Activities Year ended 31 January 2025 2025 2024 Unrestricted funds Restricted funds Total funds Total lunds Note Income and endowments Donations and legacies Charitable accivities 642 13.160 63,989 64.631 13.160 107,080 10,500 Total income 13,802 63,989 77,791 117,580 Expenditure Expenditure on charitable activities 8,994 63,989 72.983 119.660 Total expenditure 8,994 63,989 n.983 119.660 Net incomel(expenditure) and net movement in funds 4,808 4,808 {2,0801 Reconciliation of funds Total funds brought fowdrd 44.547 44.547 46.627 Total funds carried forward 49.355 49.356 44,546 The sratement of financial activities include$ all gains and losses recogni5ed in the year. All incorne and expenditure derive from continuing activities. The notes on pa985 9 to 16 form part of these flnanclal statements.
Islay Community Accoss Group Statement of Financial Position 31 January 2025 2025 2024 Note Fixed assets Tangible fixed assets 1,405 1,773 Current ass6ts Debtors Cash ai bank and in hand 13 98 48.514 7.016 41,497 48,612 4&513 Creditors: amounts falling due within one year 14 662 5.739 Net current assets 47.950 42.774 Total ass¢ts less current liabilitiés 49.355 44,547 Net assets 49,355 44,547 Funds of the charity Unrestricted funds 49.355 44.546 Total charity funds 15 49,355 44,546 These financial ststements were approved by the btsard of trustees and authorised lor issue on l O April 2025. Jnd zre signed on be42W of the board bv-. The notes on pagès 9 to 16 form part of these flnanclal statgmants.
Islay Community Access Group Notes to the Financial Statements Year ended 31 January 2025 General information The charity is a public benefit entity and a registered chariry in Scotland and is unincorporated. The addres5 of the principal office is Lochindaal House, Port Charlotte, Isle of Islay, PA48 7UD. Statement of compliance These financial statements haye been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Prattice applicable to charitie5 preparing cheir accounts in accordance with the Financral Reporting Srandard applicable in the UK and Republic of Ireland {FRS 1021 (Charities SORP IFRS 102)) and the Charities and Trustee Investment (Scoiland) Acc 2005 and the Charity Accounts (Scotlandl Regulations 2006 (as amended). Accounting policies Basis of preparation The financial statements have been prepared on the hiscorical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment propertie5 measured at fair value through income or expenditure. The financial statements are pPared in sterling. which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements require5 management to make judgements, estimate5 and assumptions that affect the amounts reported. These estimate5 and judgements are continually reviewed and are based on experience and other factors, including expectation5 of future events that are believed to be reasonable under rhe circumstances. Fund accounting Unre5tritted funds are available for use at the discretion of the trustees ro further any of the chariry's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitmenr. Re5tritted funds are subjected to re5trittions on their expenditure declared by the donor or through the term5 of an appeal and fall into one of two sub-classes: restritted income funds or endowment funds.
Islay Community Access Group Notes to the Financial Statements Icontlnts Year ended 31 January 2025 Accounting policles (contitsu) Incoming rwources All incoming resources are included in the statemenr of financial activities when entitlement has passed to the chariry-, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policres are applied to particular caiegories of incom income from donation5 or grants is recognised when there is evidence of entitlement to the gift receipt is probable and its amount can be measured reliably. legacy income 15 recognised when receipt is probable and entitlement is established. income from donated goods 15 measured at the fair value of the goods unless this is impractical to measure reliably, in which case che value is derived from the cost to the donor or the estimad resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the concribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contratted service. This is classified as unrestritted funds unless there is a contrdctual requirement for it to be spent on a particular purpose and returned if unspenL in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activicies to which it relates.. expenditure on rnising funds includes the costs of all fursdraising activities. events, non- charitable trading activities. and che sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that fLtrther its charitable aims for the benefit of its beneficiaries. inclLtding those 5UPPOrt costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the chariry nor part of its expendicure on charitable activities. All costs are alloCad to expenditure categories refiecting the use of the resource. Direct costs attributable to a single activity are allocated directly to thai activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and con51Stent basi5. Tangible assets Tan&'ble assets are initially recorded at cost and subsequently statrd at C05t less any accumulated depreciation and impairment losse5. Any tangible assets carried at revalued amounrs are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and 5ub5equent accumulated impairment losses. 10
Islay Community Access Group Notes to the Financial Statements lcontinuedl Year ended 31 January 2025 Accounting policies (contlnued) Tanglble assets An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial attivities. A decrease in the carrying amount of an asset a5 a result of revaluation, is recognised in other recognised rdins and1055es. except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asse( less its residual value, over the useful economic life of that asset as follows.. Plant arld machinery Fixtures and fittings 2010 reducing balance 2070 reducin8 balance Impaimient of fixed assets A VIeW for indicators of impairment is carried ouc at each reporting date, with the recoverable amount being estimated where such indicators exi5c Where the carrying value exceeds the recoverdble amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporcing date. For the purposes of impairment testing, when it is not P0$5ible to estimate the recoverable amount of an individual assel an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. Financial instruments A financial asset or a financial liability is recognised only when the charity beeome5 a party to the contractual proYi5ions of the instrumenc. Basic financial insiruments are initially recognised at the amount receivable or payable including any related transacuon costs. Current asset5 and currenr liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Other financial instruments are subsequently measured at fair value. wich any changes recognised in the st3ment of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed lor objective evidence of impairment at the end of each reporring date. If there is objective evidence of impairmen¢ an impairmeni1055 is recognised under Ihe appropriate heading in the statement of financial activities in which the initial gain was recognised. 11
Islay Community Access Group Notes to the Financial Statements (tolllinvtyd) Year ended 31 January 2025 Accounting pollcies (¢ortlnuodl Flnancial instruments (continued) Any rever531s of impairment are recognised immedia*ly. to 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 ognised. Donations and legacies Unrestricted Funds Restricced Total Funds Funds 2025 Donations Donations 642 642 Grants Grants receivable 63,989 63,989 642 63,989 64,631 Unrestricted F4Jnds Restritted Total Funds Funds 2024 Donations Donations 841 841 Grants Grants receivable 106.239 106.239 841 106.239 107.080 Charitable activities Unrestricted Total Unrestricted Total Funds Funds Funds 2025 Funds 2024 Other income from charitable activities 13.160 13,160 10.500 10.500 12
Islay Community Access Group Notes to the Financial Statements (conllnued) Year ended 31 January 2025 Expenditure on charitable artivities by fund type Unrestricred Funds Restritted Total Funds Funds 2025 Path maintenance and development Support costs 8,520 474 63.989 n.509 474 8.994 63.989 72,983 Unrestritted Restricted Total Funds Funds Funds 2024 Path maintenance and development Support costs 12,961 460 106.239 119.201 459 13,422 106,239 119,660 Expenditure on charltable artivities by activity type Activities undertaken directly Support Total funds costs 2025 Total fund 2024 Path maintenance and development Governance costs 72,509 n,509 474 119,201 459 474 72,509 474 72.983 119,660 Net incomel{expenditure) Net incomel(expenditure) is stated after chargingl(crediting)'. 2025 2024 Depreciation of tsngible fixed assets 351 442 Independent examination fees 2025 2024 Fee5 payable to the independent examiner for. Independent examination of the financial statements 662 819 l O. Staff costs The average head count of employee5 during the year was Nil12024.. Nill. No employee received employee benefits of more than £60.000 during the year12024.. Nil). 13
Islay Community Access Group Notes to the Financlal Statements (cofttlrtu•d3 Year ended 31 January 2025 I l. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by any of the trustees. 12. Tangible fixed assets Plant and Fixtures and machinery fittings Total Cost At l February 2024 Disposals 2,153 7,463 {220) 9.616 (220) At 31 January 2025 2.153 7.243 9,396 Depreciation At l February 2024 Charge for the year Disposals 1.863 58 5,980 293 (203) 7.843 351 12031 At 31 January 2025 1,921 6,070 7.991 Carrying amount At 31 January 2025 232 1,173 1.405 At 31 January 2024 290 1,483 1.773 13. Debtors 2025 2024 Trade debtors Prepayments and accrued income 6,920 96 98 98 7.016 14. Creditors: amounts falltng due within one year 2025 2024 Accruals and deferred income 662 5,739 14
Islay Community Access Group Notes to the Financlal Statements (conllnu6dJ Year ended 31 January 2025 I S. Analysis of charitable funds Unrestricted funds At 31 January 2025 l February 2024 Income Expenditure General funds Designated Fund 24.547 20,000 13.802 {8.993) 29.356 20,000 44,547 13.802 18.993) 49.356 At l February 2023 At 31 January 2024 Income Expenditure General funds Designated Fund 26,627 20,000 (13.422) 24.546 20,000 46,627 113,422} ,546 Within unrestricted funds the trustee5 have designaied the sum of £20,000 to be held to fund repairs to the paths 35 required Restricted funds At l February 2024 At 31 January 2025 Income Expenditure Restritted Fund - path development 63.989 (63,989) l February 2023 31 January 2024 Income Expenditure Restritted Fund - path development 106.239 1106.239) Path developmerbt lunding was received from Argyll & Butr Council to continue the development of a path from Bowmore to Bridgend. 15
Islay Community Access Group Notes to the Financial Ststements icontirtued) Year ended 31 January 2025 16. Analysis of net assets between funds Unrestritted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than l year 1,405 48,612 {6621 1,405 48,612 {662) Net assets 49.355 49.355 Unrestritted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than l year 1,773 48,512 5,739 1.773 48.512 5.739 Net assets 56.024 56.024 17. Financial instruments The carrying amount for each category of financial instrument is as follows.. 2025 2024 Financial assets measured at fair value through income and expenditure Financial assets measured ac fair value through income and expenditure 50,017 50,728 16