2026-01-31-accounts - Kilbraur Windfarm Community Benefit Trust

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REGISTERED CHARITY NUMBER: SC040268

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Kilbraur Windfarm Community Benefit Trust

Mackay & Co Chartered Accountants Unit 8 Golspie Business Park Golspie Sutherland KW10 6UB

Kilbraur Windfarm Community Benefit Trust

Contents of the Financial Statements for the Year Ended 31 January 2026

		Page
Report ofthe Trustees	1	to 2
Independent Examiner's Report		3
Statement of Financial Activities		4
Balance Sheet		5
Notes to the Financial Statements	6	to	11
DetailedStatementofFinancialActivities		Wes

if 4 Kilbraur Windfarm Community Benefit Trust

Report of the Trustees for the Year Ended 31 January 2026

The trustees present their report with the financial statements of the charity for the year ended 31 January 2026. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal aim of the Trust is to provide or assist in the provision of finance to community groups which must benefit the three communities of Golspie, Brora and Rogart and which must demonstrate community support and long term sustainability.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities The trustees meet eight times a year and had funding for four funding rounds. The Annual Public Meeting was held in Rogart. The Trust continued to assist community groups in the area of benefit, Brora, Golspie and Rogart.

The trust received £176,423.43 community benefit funds from Nandara (formerly known as Renantis prior to Falck Renewables)

Grants paid out in the year totalled £110,071.71. There are £104,163.21 grants payable, provided for but not yet claimed.

The Trust has updated its website, www.kilbraur.com and policies, and have implemented a Grant Giving Policy.

FINANCIAL REVIEW

Principal funding sources

The trust derived its funds from grants received from power generation from the Kilbraur Windfarm.

Reserves policy

The trustees have established a policy whereby sufficient unrestricted funds are held to cover any short term requirements The additional receipt of funds from Renantis and the distribution of these fund are treated as restricted. The Trustees have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Those procedures are periodically reviewed to ensure that they meet the needs of the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. The charity is governed by its Trust Deed which was signed on 18 January 2009. It was granted charitable status on 12 February 2009 but did not commence operations until 15 September 2009. The management of the Trust is vested in the Trustees with individual members being nominated by the Community Councils in Golspie, Brora, and Rogart. Each community nominates two Trustees annually. The trustees are required to meet at least twice each year.

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Kilbraur Windfarm Community Benefit Trust

Report of the Trustees for the Year Ended 31 January 2026

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number $C040268

Principal address

c/o Lairg Community Centre Main Street Lairg Sutherland 1V27 4DB Trustees J |W Miller (resigned 10.10.25) F Roach Miss A Cameron D Andrew B Clay - Chair R Allan

Independent Examiner Mackay & Co Chartered Accountants Unit 8 Golspie Business Park Golspie Sutherland KW10 6UB Approved by order of the board of trustees on able... and signed on its behalf by:

orig ame

Page 2

Independent Examiner's Report to the Trustees of Kilbraur Windfarm Community Benefit Trust

| report on the accounts for the year ended 31 January 2026 set out on pages four to eleven.

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 | 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.

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Marcus D. Maclver JetsVy :
The Institute of Chartered Accountafits of Scotland
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Mackay & Co Chartered Accountants Unit8 Golspie Business Park Golspie Sutherland KW10 6UB

Date: IA Mlacn doa...

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Kilbraur Windfarm Community Benefit Trust

Statement of Financial Activities for the Year Ended 31 January 2026

				31.1.26	31.1.25
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		176,424	-	176,424	171,397
Investment income	2	14,553	-	14,553	5,561
Total		190,977	-	190,977	176,958
EXPENDITURE ON
Charitable activities
General		134,033	-	134,033	97,996
NETINCOME		56,944	-	56,944	78,962
RECONCILIATION OF FUNDS
Total funds broughtforward		560,548	-	560,548	481,586
TOTALFUNDSCARRIEDFORWARD		617,492	-	617,492	560,548

The notes form part of these financial statements

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Kilbraur Windfarm Community Benefit Trust

Balance Sheet

31 January 2026

				S1A.2e	31.1.25
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	£	E	z	£
CURRENT ASSETS
Cash at bank		721,656	-	721,656	645,254
CREDITORS
Amounts falling due within one year	5	(104,164)	-	(104,164)	(84,706)
NETCURRENTASSETS		617,492	-	617,492	560,548
TOTAL ASSETS LESS CURRENT
LIABILITIES		617,492	-	617,492	560,548
NETASSETS		617,492	-	617,492	560,548
FUNDS	6
Unrestricted funds				617,492	560,548
TOTALFUNDS				617,492	560,548

The financial statements were approved by the Board of Trustees and authorised for issue on saassacanementsVays 1 feggrecnceres and were signed on its behalf by:

The notes form part of these financial statements

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Kilbraur Windfarm Community Benefit Trust

Notes to the Financial Statements for the Year Ended 31 January 2026

4... ACCOUNTING POLICIES

Basis of preparing the financial statements The financial statements of the charity, 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 Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from 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.

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continued...

Kilbraur Windfarm Community Benefit Trust

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

INVESTMENT INCOME
	31.1:26	31,1.25
	£	£
Depositaccountinterest	14,553	5,561

3. | TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 January 2026 nor for the year ended 31 January 2025.

Trustees’ expenses

There were no trustees' expenses paid for the year ended 31 January 2026 nor for the year ended 31 January 2025.

COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES
	Unrestricted	Restricted	Total
	fund	fund	funds
	E	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	171,397	-	171,397
Investment income	5,561	-	5,561
Total	176,958	-	176,958
EXPENDITURE ON
Charitable activities
General	97,996	-	97,996
NET INCOME	78,962	-	78,962
RECONCILIATION OF FUNDS
Total funds broughtforward	481,586	-	481,586
TOTAL FUNDS CARRIED
FORWARD	560,548	-	560,548

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continued...

Kilbraur Windfarm Community Benefit Trust

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.1.26	31.1.25
			£	£
	Other creditors		104,164	84,706
6.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.2.25	in funds	3121.26
		£	£	£
	Unrestricted funds
	General fund	560,548	56,944	617,492
	TOTAL FUNDS	560,548	56,944	617,492
	Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
	Unrestricted funds
	General fund	190,977	(134,033)	56,944
	TOTAL FUNDS	190,977	(134,033)	56,944
	Comparatives for movement in funds
			Net
			movement	At
		At 1.2.24	in funds	31.1.25
		£	£	£
	Unrestricted funds
	General fund	481,586	78,962	560,548
	TOTALFUNDS	481,586	78,962	560,548

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Kilbraur Windfarm Community Benefit Trust

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

6. MOVEMENT IN FUNDS- continued

Comparative net movement in funds, included in the above are as follows:

Comparative net movementmovement in funds,	included in the above are as	follows:
	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	176,958	(97,996)	78,962
TOTALFUNDS	176,958	(97,996)	78,962

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.2.24	in funds	31,1.26
	£	E	£
Unrestricted funds
General fund	481,586	135,906	617,492
TOTALFUNDS	481,586	135,906	617,492

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	:	E
Unrestricted funds
General fund	367,935	(232,029)	135,906
TOTALFUNDS	367,935	(232,029)	135,906

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continued...

Kilbraur Windfarm Community Benefit Trust

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

7: RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2026.

8. GRANTS AND DONATIONS PAID OUT IN YEAR

Grants
	£
Association of Northern Trails Scotland	10,000.00
Brora Bowling & Tennis	2,963.00
Brora Development Trust Brora District Community Centre	9,970.00 16,096.07
Brora Kids Club	5,553.95
Feis Chataibh	6,233.00
Golspie Community Council Golspie Community Council Training Grant Golspie Community Keyboard Group Golspie Heritage Golspie in Bloom Golspie Rowing Club Golspie Youth Action Project Highland Wildcat Highland Wildlife Rescue NoS Kart Club	3,950.00 250.00 500.00 5,360.00 6,696.00 2,206.31 8,000.00 7,159.84 4,800.00 13,264.00
Pittentrail Recreation Hall	4,157.00
Sutherland Caledonian Pipeband	1,800.00
Sutherland Sports Council	1,112.00
	110,071.17

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continued...

Kilbraur Windfarm Community Benefit Trust

Notes to the Financial Statements - continued for the Year Ended 31 January 2026

GRANTS AGREED BUT NOT YET CLAIMED

Association Brora Bairns CIC	a 4,000.00
Brora Community Centre Brora Community Council Brora Development Trust Brora Village Store CIC Friends of Seaforth House	4,000.00 20,000.00 1,088.00 4,760.81 3,999.00
Go Golspie Golspie Bowling Club Golspie Sutherland FC Golspie Youth Action Project Rogart Community Council Rogart DevelopmentTrust Rogart Heritage Society Sutherland Adventure CompanySCIO	8,200.00 5,000.00 3,000.00 14,370.00 20,000.00 9,000.00 8,422.47 3,180.00
TYKES	3,800.00

104,163.21

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Kilbraur Windfarm Community Benefit Trust

Detailed Statement of Financial Activities for the Year Ended 31 January 2026

Detailed Statement of Financial Activities for thethe Year Ended 31 January 2026
	31.1.26	31,.1.29
	£	2
INCOME AND ENDOWMENTS
Donations and legacies
Community Benefit Payments	176,424	171,397
Investment income
Deposit account interest	14,553	5,561
Total incoming resources	190,977	176,958
EXPENDITURE
Charitable activities
Insurance	157	TSF
Postage, stationery & expenses Advertising Sundries Secretarial Book keeping and office costs Grants to institutions	60 144 47 112 3,400 129,528	1,380 669 ote] 1,500 2517 91,198
	133,448	97,456
Support costs
Finance
Bank charges	9	-
Governance costs
Accountancy and legal fees	576	540
Total resources expended	134,033	97,996
Netincome	56,944	78,962

This page does not form part of the statutory financial statements

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