2025-10-31-accounts

COMPANY REGISTRATION NUMBER: SC348354 CHARITY REGISTRATION NUMBER: SC040087

Tayvallich Community Company Company Limited by Guarantee Unaudited Financial Statements 31 October 2025

R A CLEMENT ASSOCIATES CHARTERED ACCOUNTANTS

Chartered accountants 5 Argyll Square Oban Argyll PA34 4AZ

Tayvallich Community Company

Company Limited by Guarantee

Financial Statements

Year ended 31 October 2025

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	3
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Notes to the financial statements	7
The following pages do not form part of the financial statements
Detailed statement of financial activities	18
Notes to the detailed statement of financial activities	19

Tayvallich Community Company

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 October 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 October 2025.

Reference and administrative details

Registered charity name Tayvallich Community Company Charity registration number SC040087 Company registration number SC348354 Principal office and registered C/O Abacus Services office 8 High Street Oban Argyll PA34 4BG

The trustees

Ms Amanda Crompton Mr Charles Silverton Mr Paul Chadderton Mr Kenneth Horner Ms Ulla Hammervig Mrs Ann Shand Company secretary Mr Kenneth Horner Independent examiner Liam Campbell ACCA of R A Clement Associates C.A. 5 Argyll Square Oban Argyll PA34 4AZ

Structure, governance and management

The company is limited by guarantee and is governed by its memorandum and articles of association. The company is run by a Board of six Directors all of whom are unpaid. There are no employees.

Objectives and activities

The objectives of the charitable company are as follows:

 To increase the role of the Community in its own future through the ownership of the Shop, Post Office and Coffee Shop

• To ensure sustainable management of the asset for the benefit of the Community

• To redistribute any surplus funds of the Company for the benefit of the Community

1

Tayvallich Community Company

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 October 2025

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

This is our 17th year as community owners of the Tayvallich Shop and Coffee Shop (October 2008) and 8th year as owners of Carsaig Green (February 2017).

We are now better managing the motor home visits to Carsaig Green and net parking fee income of in excess of £600 has been received over the summer period.

Financial review

The activities during the year resulted in a deficit £11,100 (2024: deficit £11,330). Of this £11,122 relates to depreciation (2024 £11,193). The organization remains on a reasonable financial footing in terms of current assets held.

Plans for future periods

The bank balance at the time of preparing these accounts is now in a healthier position but continue to focus on fundraising for upcoming maintenance of the shop and cafe, and a wish to install solar panels to environmentally help with electricity costs.

The trustees' annual report and the strategic report were approved on 21 May 2026 and signed on behalf of the board of trustees by:

Charles Silverton

Mr Charles Silverton Trustee

2

Tayvallich Community Company

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Tayvallich Community Company

Year ended 31 October 2025

I report to the trustees on my examination of the financial statements of Tayvallich Community Company ('the charity') for the year ended 31 October 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (‘the 2005 Act’), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended).

Independent examiner's statement

Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act, section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; or

2. the financial statements do not accord with those records or with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

3

Tayvallich Community Company

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Tayvallich Community

Company (continued)

Year ended 31 October 2025

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

L Campbell

Liam Campbell ACCA of R A Clement Associates C.A. Independent Examiner

5 Argyll Square Oban Argyll PA34 4AZ

4

Tayvallich Community Company

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 October 2025

			2025		2024
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	–	–	–	15
Charitable activities	6	1,975	–	1,975	1,192
Investment income	7	2,400	–	2,400	2,400
		ৄৄৄৄৄৄৄ	ৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
Total income		4,375	–	4,375	3,607
		৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
Expenditure
Expenditure on charitable activities	8,9	3,932	11,543	15,475	14,937
		ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total expenditure		3,932	11,543	15,475	14,937
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
		ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net expenditure and net movement	in
funds		443	(11,543)	(11,100)	(11,330)
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward		10,807	148,355	159,162	170,492
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total funds carried forward		11,250	136,812	148,062	159,162
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 7 to 16 form part of these financial statements.

5

Tayvallich Community Company

Company Limited by Guarantee

Statement of Financial Position

31 October 2025

		2025	2024
	Note	£	£
Fixed assets
Intangible assets	14	4,480	5,040
Tangible fixed assets	15	132,333	143,455
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
		136,813	148,495
Current assets
Cash at bank and in hand		13,677	14,009
Creditors: amounts falling due within one year	16	2,428	3,342
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net current assets		11,249	10,667
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities		148,062	159,162
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net assets		148,062	159,162
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Funds of the charity
Restricted funds		136,812	148,355
Unrestricted funds		11,250	10,807
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total charity funds	17	148,062 ৶৶৶৶৶৶৶৶৶	159,162 ৶৶৶৶৶৶৶৶৶

For the year ending 31 October 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 21 May 2026, and are signed on behalf of the board by:

Kenneth Horner

Mr Kenneth Horner Trustee

The notes on pages 7 to 16 form part of these financial statements.

6

Tayvallich Community Company

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland and a registered charity in Scotland. The address of the registered office is C/O Abacus Services, 8 High Street, Oban, Argyll, PA34 4BG.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company.

(b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

7

Tayvallich Community Company

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Income

All income is included in the statement of financial activities when entitlement has passed to the charity, 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 policies are applied to particular categories of income:

• income from donations 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 is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Expenditure

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 activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

8

Tayvallich Community Company

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

3. Accounting policies (continued)

Expenditure (continued)

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apprortioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the charity's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - Written off over its estimated useful economic life of 25 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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 activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, 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.

9

Tayvallich Community Company

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

3. Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings - Straight line over 25 years Plant and machinery - 15% straight line Fixtures, fittings and equipment - 15% straight line / year following purchase Improvements to property - Straight line over 25 years

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating 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.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

10

Tayvallich Community Company

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

3. Accounting policies (continued)

Financial instruments (continued)

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement 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 for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, 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 recognised.

4. Limited by guarantee

Tayvallich Community Company is a company limited by guarantee and accordingly does not have a share capital.

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Donations
Donations for shop	–	–	15	15
	৶৶৶৶	৶৶৶৶	৶৶৶৶	৶৶৶৶

11

Tayvallich Community Company

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

6. Charitable activities

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Contribution towards insurance costs	1,332	1,332	1,192	1,192
	Parking	643	643	–	–
		ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
		1,975	1,975	1,192	1,192
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
7.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Income from UK investment properties	2,400	2,400	2,400	2,400
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
8.	Expenditure on charitable activities	by fund type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2025
			£	£	£
	Establishment costs		2,643	11,543	14,186
	Support costs		1,289	–	1,289
			ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
			3,932	11,543	15,475
			৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2024
			£	£	£
	Establishment costs		2,344	11,543	13,887
	Support costs		1,050	–	1,050
			ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
			3,394	11,543	14,937
			৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

9. Expenditure on charitable activities by activity type

	Activities
	undertaken		Total funds	Total fund
	directly Support costs		2025	2024
	£	£	£	£
Establishment costs	14,186	–	14,186	13,887
Governance costs	–	1,289	1,289	1,050
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	14,186	1,289	15,475	14,937
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

12

Tayvallich Community Company

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

10. Net expenditure

Net expenditure is stated after charging/(crediting):

	Net expenditure is stated after charging/(crediting):
		2025	2024
		£	£
	Amortisation of intangible assets	560	560
	Depreciation of tangible fixed assets	11,122	11,193
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
11.	Independent examination fees
		2025	2024
		£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements	1,289	1,050
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶

12. Staff costs

There were no employees during the year.

No employee received emoluments of more than £60,000 (2021: None)

13. Trustee remuneration and expenses

The charity trustees, who are the directors of the company, were not paid and did not receive any remuneration, benefits in kind or reimbursement of expenses in their capacity as trustee during the year. No trustee received payment for professional or other services supplied to the charity.

14. Intangible assets

	Goodwill
	£
Cost
At 1 Nov 2024 and 31 Oct 2025	14,000
	৶৶৶৶৶৶৶৶
Amortisation
At 1 Nov 2024	8,960
Charge for the year	560
	ৄৄৄৄৄৄৄৄ
At 31 Oct 2025	9,520
	৶৶৶৶৶৶৶৶
Carrying amount
At 31 Oct 2025	4,480
	৶৶৶৶৶৶৶৶
At 31 Oct 2024	5,040
	৶৶৶৶৶৶৶৶

13

Tayvallich Community Company

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

15. Tangible fixed assets

	Freehold	Plant and	Fixtures and	Improve. to
	property	machinery	fittings	property	Total
	£	£	£	£	£
Cost
At 1 Nov 2024 and
31 Oct 2025	163,151	7,219	21,647	133,904	325,921
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Depreciation
At 1 Nov 2024	90,111	7,219	21,508	63,628	182,466
Charge for the year	5,627	–	139	5,356	11,122
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
At 31 Oct 2025	95,738	7,219	21,647	68,984	193,588
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Carrying amount
At 31 Oct 2025	67,413	–	–	64,920	132,333
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
At 31 Oct 2024	73,040	–	139	70,276	143,455
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	1,332
Accruals and deferred income	1,103	864
Social security and other taxes	325	146
Other creditors	1,000	1,000
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	2,428	3,342
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶

17. Analysis of charitable funds

Unrestricted funds

						At
	At	1	Nov 2024	Income	Expenditure	31 Oct 2025
			£	£	£	£
General funds			10,807	4,375	(3,932)	11,250
			৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
						At
	At	1	Nov 2023	Income	Expenditure	31 Oct 2024
			£	£	£	£
General funds			10,594	3,607	(3,394)	10,807
			৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

14

Tayvallich Community Company

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

17. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
				At
	At 1 Nov 2024	Income	Expenditure	31 Oct 2025
	£	£	£	£
Purchase of shop	50,565	–	(5,627)	44,938
Purchase of goodwill	5,040	–	(560)	4,480
Improvements to shop	70,275	–	(5,356)	64,919
Plot 1 Carsaig - Asset held	22,475	–	–	22,475
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	148,355	–	(11,543)	136,812
	৶৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
				At
	At 1 Nov 2023	Income	Expenditure	31 Oct 2024
	£	£	£	£
Purchase of shop	56,192	–	(5,627)	50,565
Purchase of goodwill	5,600	–	(560)	5,040
Improvements to shop	75,631	–	(5,356)	70,275
Plot 1 Carsaig - Asset held	22,475	–	–	22,475
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	159,898	–	(11,543)	148,355
	৶৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

Purchase of shop and purchase of goodwill

The restricted funds represent the cost of the purchase of the shop, fixtures and fittings and goodwill. The expenditure in the year represent the depreciation of the assets.

Improvements to shop

Improvements to property were funded partly by the Big Lottery Fund, and partly from general reserves. The expenditure in the year represent the depreciation of the asset.

Plot 1 Carsaig The amount is the purchase of the Carsaig Land funded by funds raised.

Plot 1 Carsaig Revenue Account

The Revenue account represents the amounts raised towards the purchase of the Carsaig Land. The amount transferred to the capital account was for the asset purchased, leaving a small amount of liquid funds carried forward. In the prior year the members agreed that this amount would be transferred to unrestricted funds so that it can be used as necessary.

15

Tayvallich Community Company

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 October 2025

18. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2025
	£	£	£
Intangible assets	–	4,480	4,480
Tangible fixed assets	–	132,333	132,333
Current assets	13,677	–	13,677
Creditors less than 1 year	(2,427)	(1)	(2,428)
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net assets	11,250	136,812	148,062
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Intangible assets	–	5,040	5,040
Tangible fixed assets	140	143,315	143,455
Current assets	14,009	–	14,009
Creditors less than 1 year	(3,342)	–	(3,342)
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net assets	10,807	148,355	159,162
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

16

Tayvallich Community Company

Company Limited by Guarantee

Management Information

Year ended 31 October 2025

The following pages do not form part of the financial statements.

17

Tayvallich Community Company

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 October 2025

	2025	2024
	£	£
Income and endowments
Donations and legacies
Donations for shop	–	15
	ৄৄৄৄ	ৄৄৄৄ
Charitable activities
Contribution towards insurance costs	1,332	1,192
Parking	643	–
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	1,975	1,192
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
Investment income
Income from UK investment properties	2,400	2,400
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
Total income	4,375	3,607
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
Expenditure
Expenditure on charitable activities
Repairs and maintenance	386	416
Insurance	1,848	1,684
Legal and professional fees	1,289	1,050
Other office costs	47	34
Amortisation	560	560
Depreciation	11,122	11,193
Other costs	223	–
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	15,475	14,937
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total expenditure	15,475	14,937
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net expenditure	(11,100) ৶৶৶৶৶৶৶৶	(11,330) ৶৶৶৶৶৶৶৶

18

Tayvallich Community Company

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 October 2025

	2025	2024
	£	£
Expenditure on charitable activities
Establishment costs
Activities undertaken directly
Repairs & maintenance	386	416
Insurance	1,848	1,684
Other office costs	47	34
Goodwill amortisation & impairment	560	560
Depreciation	11,122	11,193
Other costs	223	–
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	14,186	13,887
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Governance costs
Accountancy fees	1,289	1,050
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Expenditure on charitable activities	15,475 ৶৶৶৶৶৶৶৶	14,937 ৶৶৶৶৶৶৶৶

19