COMPANY REGISTRATION NUMBER: SC356015
CHARITY REGISTRATION NUMBER: SC040372
Isle of Kerrera Development Trust
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025
R A CLEMENT ASSOCIATES CHARTERED ACCOUNTANTS
Chartered accountants
5 Argyll Square
Oban
Argyll
PA34 4AZ

Isle of Kerrera Development Trust
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
Page
Directors, annual report (incorporating the director's report}
Independent examiner's report to the directors
Statement of financial activitses (in¢luding income and
expenditure account)
ststement of financial position
Notes to the financial statements
The following pages do not fonn part of the financial statements
Detailed ststement of financial activities
26
Notes to the detailed statement of financial activities
28

Isle of Kerrera Development Trust
Company Limited by Guarantee
Directors, Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
The directors, who are also the diredors for the purposes of company law. present their report and the
unaudited financial statements of the chanty for the year ended 31 March 2025.
Reference and administrative details
Reglstered charity name
Isle of Kerrera Oevelopmenl Trust
Chartty registratlon number
SC040372
Company registratlon number SC356015
Principal office and registered Lower Gylen
office
sle ol Kerrera
Oban
PA34 4SX
Argyll
The directors
P Davies
R Wright
A McGregor
M Brown
D Robertson
D Keys
L Wright
G Thorpe
S McGregor
C Strong
K Keys
R Glen
(Appointed 9 April 20241
(Appointed 9 April 20241
(Appointed 23 March 20251
(Appointed 23 March 20251
(Appointed 23 March 20251
(Appointed 24 March 20251
IRe5igned 23 March 20251
(Resigned 21 January 20251
Liam Campbell ACCA ol R A Clement Associates C.A.
5 Argyll Square
Oban
Argyll
PA34 4A2
Independent examiner

Isle of Kerrera Development Trust
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (¢oniinuedl
Year ended 31 March 2025
Stru¢ture, governance and management
structure ollhe charrty
IKDT continues to Dper*e as the representative arm ofthe community. The company has been fomed
to benefit the communities of the Isle ol Kerrera and all of the associated small islands In its immediate
vicinity and is governed by its memorandum and articles. The organisation Is 3 charitable Gompany
limited by guarantee and is recognised as a Scottish charity.
Governing Do¢ument
The company w8s established under a Memorandum of Association which established the obieds and
powers Df the charitable company and Is governed by its Articles of Association. In the event ol the
company being wound up membeTS are required to contribute an amount not exceeding £1.
NumberolDfre¢tois
The maximum number of directors shall be 10. of whom no more than 7 may be Member Directors and
no rnore than 3 may be co-opted directors, the minimum number of directors shall be 5 and the number
of Mernber Directors must at 811 ts.mes exceeij the aggregate number ol co-opted directors
Election, retirAI, re4le¢tion.' MemberDireGiors
Any full member who wishe5 lo be considered for election as a director at an annu81 general rneeting
must lodge with the company a written notice lin such form as the director5 require). confirming that
he15he is willing to be appointed., the notice must be signed by himlher and musl be lodged wth the
company al least 7 days before the d*e ofthe annual general meeting.
Liabilityof Alembe15
Every member ofthe CDmp8ny undertake5 to contribute such amount as may be required (not exceeding
£11 to the company's assets If it should be wound up while helshelit IS 8 rnember or within one year after
he15helit ceases to be a member, for payment of the company's debts and liabilities contracted before
helshelit ceases to be a member, and of the costs. charges and expenses of winding up. and lor the
adiuslment of the right5 of the contributories among themselves.
Rtsk Poltcy
The directors have assessed the major risks to which the charity Is exposed, and in particular Ih05e
related to Ihe operations and finances of the Trust. and are satisfied that system5 ale In pla￿ lo mit198te
any exposure to these r15ks.
Recnritynent wjd Appointment of Ch￿ty frustees
All members are eligible to be nominated and appointed as charity trustees. In such a small community
where everyone knows each other. It is fairly easy to spread the word that new Trustees are needed
and existr.ng Iruslees vAlI talk through what is required and answer any quests.ons prior to nomin*ion.
Inlinewith our Governing documents potential new Trustees are Invited lo register their Interest In vniting
7 days in advance ol the annual AGM. New Trustees are nominate(l and seconded al the AGM.

Isle of Kerrera Development Trust
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (conithuedl
Year ended 31 March 2025
Structur•, govemance and management (¢onlinuedJ
Indu¢tlon #nd training oltrusiees
New Trustees receive an Inducts'on pack induding links lo OSCR guidelines about being a Trustee and
a presentation based on a Development Trust Association Scotland IDTASI template, relating to the
work of the Trust. including links lo documents such a5 the Articles of Association, annual accounts.
policies and procedLJres, register of interests and proiecl updates. Informal meeting5 Wth Trustees and
staff are encouraged to bring new Trustees up to dale. Training Is provided as required during the year
and as need5 arise e.g. understanding annual accounts.
A board training and development day Is being planned with Sandy Brunton from Mull and lona
Community Trust. Jane and Aideen provide support to the board.
Pay￿￿Tem￿￿eratso￿
There are no direct employees in the organisalion. All staff are self employed.
Currently the Project Coordinator works flexibly part time for 2.5 days per week. Rates wefe
benchmarked across other rural development trusts when the contract was offered. Any funding
applications that Include rates of pay always Include an annual Increase and rates are reviewed and
benchmarked annually.

Isle of Kerrera Development Trust
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (CL￿tinUed)
Year ended 31 March 2025
Objectives and actlvltles
The company has been formed lo benefit the communities of the Isle of Kerrera and of all associated
small islands in its immediate vicinity, which comprise the post code unrt PA34 4SX I'lhe Community")
with the following obiects".-
111 To promote. for the public benefit. Tural regeneration within the Community..
121 To advance environmental protection andlor Improvement wthin the Community and ln particular
Ihrough".-
IAI the provision, maintenance andlor impfovement of public open space and L)Iher public amenities
and other environmental and regeneration projects Ibut subject lo appropr5ale safeguards to ensure that
the public benefits so ar151ng clearly Ou￿e19￿ any private benefit thereby conferTed on pnvale
landownersl", and
IBI encouraging the more efficient use of the wodd's resources, and In particular greater use of
renewable energy sources so as
lil to minimise the proliferation of mines, wells and other extraction facilits.es which degrade the
natural environment and
lill to reduce greenhouse gas emissions and thus avoid the damage lo the natural environment
caused by global warming.,
131 To advance heritage through preserving. for the benefit of the general PLJblic. the historical,
architectural and constructional heritage that may exist In and around the Community In buildings
(including any structure or erection and any part of a building as so definedl of particular beaLJty or
historical. architectural or constructional inleresl-.
To provide recreational facilities or to Drgani5e recreabonal activities. within the Cornmunity. with such
facilitiesla¢liv((ies being available to members of the public at large with the object of improving their
CDnditlDns of life, To advance the health ol the residents of the Community and to assist in the relief of
Ill health and the provision of health education for 5ueh residents..
To advance education among residents ofthe Community.. To relieve unemployment. particularly among
residents of the Cornmunily
These are achieved through the provision of a community ebike scheme. The refurbishTnent and
future operation of a Old School Buildingfacility on the Isle of Kerrera to provided facilities for the local
community and other project5 as detailed further in the Achievements and performance section of the
report.
Achievement5 an(J perfomiance
The school building now up and running 8tthough ongoing issues with hearing elc.
The bothy is operating well and continuing lo develop business.

Isle of Kerrera Development Trust
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Flnancial reviaw
Results for the year
The charity Incurred an overall deficit lor the year of £30k12024.' Surplus £244kl, partly attributable to
reduction in grant fijnding on the completion of major projects.
Al the year end the charity held £17K unrestricted funds12024. £17kl and £1.66m restricted funds12024'.
£1.7ml of which £1.6m was represented by tangible fixed12024". £1.6ml.
Prlncipal fundlng sources
The prinapal funding sources during the year was grant fLJnding as sel out in note S to the accounts.
Reserves
The Policy of the Trust is to aim to relain sufficient reserves to meet the cost of any regular commitments,
as well as a contingency lo enable il lo continue lo develop further projects.
The Tru51 recognises that 115 regular commitments will now Increase due to the Old School and Bothy.
along with the maintenance of the North South Road. The reserves held going forward will need lo
reflect this. Work Is underway to Identify these ¢osls and to irnplemenl a strategy to Increase our
reserves figure.
Plans for future periods
Plans for the Coming Year
Looking ahead, we're focused on the following..
Rectifying ongoing issues with hearin￿01 water and septic lank
Collaborate with calrnac re the provision of public toilets at the slipway on Kerrera
Small company provisions
This report ha5 been prepared in accordance with the provisions applicable to companies enbtled to the
small companies exempb'on.
The directors. annual report was approved on .041Q312026....... and signed on behalf of the board of
Iruslees by.
C Strong
Director

Isle of Kerrera Development Trust
Company Limited by Guarantee
Independent Examiner's Report to the Directors oflsle of Kerrera Development
Trust
Year ended 31 March 2025
I report to the directors on my examination of the financial statements of Isle of Kerrera Development
Trust I'the chanty'l for the year ended 31 March 2025.
Responslbilltie$ and basis of report
As the directors of the company land also its director5 for the purposes Df company lawl you are
responsible for the preparation of the financial statements In accordance with the requirements of the
Charities and Trustee Investment (Scotlandl Act 20051.the 2005 Act'l, the Charities Accounts Iscotlandl
Regulations 2006 las amended) and the Companies Act 20061'the 2006 Act'l. You are satisfied that
the accounts of the company are not required by charity or company law to be audited and have chosen
Instead lo 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 lor independent examination. I report in respect of my examination of
Ihe charity's accounts carried oul under section 441111¢) of the 2005 Act. In carying out my examination
I have followed the requiremenl5 of Regulation 11 of Ihe Charities Accounts (Scotlandl Regulations
2006 las amended).
Independent examiner's ststement
Since the charity is required by cornpany law to prepare Its accounts on an accruals basis and is
registered as a charty In Scotland yOLJr examiner must be a rnember of a body listed In Regulation 11121
of the Chanties Accounts IScDtlandl Regulations 2006 las amended). I can confirm that l am qualified
lo undertake the examination because l am a registered mernber of ICAS which is one of the listed
bodies.
I have completed my examination. I confirm that no matters have come lo my attention in connection
with the examination giving me cause to believe..
accounting records were not kept In respect of the charity as required by section 386 of the
2006 Acl. section 4411llal of the 2005 Act and Regulation 4 of the 2006 Accounts
Regulations, or
the financial statements do not accord with those records Drwilh the accounting requirements
of Regulation 8 of the Chanlies Accounts Iscotlandl Regulations 2006.. or
the financial statements do not compty with the 8ccounling fequirements of section 396 of the
2006 Act other than any requirement that the accoLJnts give a 'true and fair, view which is not
a maller considered as part of an Independent examination", or
the financial slalemenls have not been prepared In accordance with the methods and
pnnciples of the Staternent of Recommended Practice for accounting and reporting by
charities applicable lo charities prepanng their accounts in accordance ￿th the Financial
Reptsrting Standard applicable in the UK and Republic of Ireland IFRS 1021.

Isle of Kerrera Development Trust
Company Limited by Guarantee
Independent Examiner's Report to the Directors of Isle of Kerrera Development
Trust (conttllUo¢
Year ended 31 March 2025
I have no concerns and have come across no other matters in connection wih the examination lo which
attention should be drawn in this report in Order to enable a proper understanding of the accounts to be
reached.
Liam Campbell ACCA
R A Clemenl Assoo
Independent Exam
s C.A.
er
S Argyll Square
Oban
Argyll
PA34 4AZ

Isle of Kerrera Development Trust
Company Limited by Guarantee
Statemenl of Financial Activities
(including income and expenditure account)
Year ended 31 March 202S
2025
ReslrieteL* Endowment
funds
funds Total funds
2024
Unreslncled
lund5
Total funds
Note
Incorne and Designated
Donations and legacies
Charitsble activities
Other trading acts'vib'es
Total income
4,318
1,663
1,244
2.313
1.905
6.631
3.568
1.244
299,886
2,360
1,306
7,225
4,218
11.443
303,332
Expenditure
Expenditure on
charitable activities
6.696
34.435
41.131
59,543
Totsl expgnditure
6,696
34.435
41.131
59,543
Net lexpendlturelllncome
and net movement in funds
529
130.2171
129,6881
243,789
Reconciliation of funds
Total funds brought forward
Total fund$ carrled fonAard
16,995
1,695,411
6.561
1,718.987
1.475,178
17,524
1,665,194
6.561
1,689.279
1.718,987
The statement of financial activities Includes all gains and losses recognised in Ihe year.
All income and expenditure derive from continuing activities.
The notes on pages 11 to 24 fonn part of these financial $tatements.

Isle of Kerrera Development Trust
Company Limited by Guarantee
ststement of Financial Position
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
14 1,628.807
1,639,118
Current assets
Debtors
Cash al bank and In hand
15
1.006
69,678
3.405
95.954
70.684
99,359
Credltors.. amounts falling due wlthin one year
Net current assets
16
10,212
19,508
60.472
79,851
Total assets less current Ilabilitles
1.889.279
1,718,967
Net assets
1,689,279
1.718,967
Funds of the charity
Endowment funds
Restricted funds
Unrestricted funds
6.561
1,665.194
17.524
6,561
1,695,411
16.995
Total charity funds
18
1.889,279
1,718.967
For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477
of the Companie5 Act 2006 relating to small companies.
Directors, responsibilities".
The member5 have not required the company to obtain an audit of Ils finanaal statements for the
year in question in accordance with section 476",
The directors acknowledge their responsibilities for Complying with the requirements of the Act wth
respect to accounting records and the preparation of financial statements.
These financial Statements have been prepared in accordance with the provisions applicable lo
companies subject lo the small companies, regime.
The statement of financial position
continues on the following page.
The note$ on pages 11 to 24 fomi part of ihese financial statements.

Isle of Kerrera Development Trust
Company Limtted by Guarantee
Statement of Financial Position (¢ontifr7ue
31 March 2025
These financial slalemenls were approved by the board of trustees and aulhorised for issue on
and are signed on behalf of the board by".
C Strong
Director
The notes on pages 11 to 24 lomi part of these flnatrTr¢lal statements.
10

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
General information
The charity is a public benefit enlily and a private company limited by guarantee. registered in
Scouand and a registered charity in Scotland. The address of the registered office is Lower Gylen,
Isle of Kerrera, Oban, PA34 4SX. Argyll.
Statement of compliance
These financial statements have been prepared in compliance wth FRS 102. 'The Financial
Reporting Standard applicable In the UK and the Republic of Ireland,. the Statement of
Recommended Practice applicable lo chanties preparing their accoun15 in accordance with the
Financial Reporting Standard applicable In the UK and Fiepublic of Ireland IFRS 1021 (Charities
SORP IFRS 10211 and the Companies Act 2006.
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 al fair
value through 1ncome or expenditure.
The financial stslemenls are prepared in sterling. which Is the functional currency of the enlily.
Going concern
There are no material uncertainties about the tharity's ability to continue.
Disclosure exemptions
The enlily satisfies the Criteria of being a qualifying enlily as defined in FRS 102. As such.
advantage has been taken of the following disclosure exemptions available under paragraph 1.12
of FRS 102.
lal No cash flow slaternenl has been presented for the company.
Ibl Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial slalements requires management lo make iudgemenls, eslirn8te5
and assumptions that affect the amounts reported. These eslirnales 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.

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (continuedl
Year ended 31 March 2025
Accounting pollcles {¢onttnuedJ
Fund accounting
Unrestricted funds are available for use al the discretion of the Iruslees lo further any of the
charity's purposes.
Endowment funds are unreslricled funds earmarked by the directors lor particular future projed Of
Commitment.
Reslricled 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 15 included in the statement of financial activities when entitlement ha5 passed lo the
chanly. it is probable that the economic benefits associated wth the transaction wll flow to the
charity and the amount can be reliably measured. The following Specific policies are applied to
particular categories of Income.
income from donatlDns or grants Is recognised when there is evidence of enlillemenl to the
gift. receipt Is probable and Ils amount can be measured reliably.
legacy income is recognised when Teceipl is probable and entitlement Is e5tabli5hed.
income from donated goods is measured at the fairvalue of the goo¢Js unless ihis is impractical
to measure reliably. in which case the value Is denved from the cost to the dontsr or the
estimated resale value. Donated facilities and services are recognised in the 8c¢ounls when
received If the value can be reliably measured. No amounts are Included for the conlribution
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 fund5 unless there is a Contractual
requirernenl for it to be spent on a particular purpose and retumed if unspent, in which case it
may be regarded as restncted.
12

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Statements {¢ontsnued)
Year ended 31 March 2025
Accountlng poll¢le$ Icontrnuedl
Expenditure
Expenditure Is recogni5ed 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 stalement of financial
activities lo which It relates.
expenditure on raising funds includes the Costs of all fundraising activitses, event5, non-
chantable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity In undertaking
acts'vib'es that further ils charitable aims for the benefit ol its beneficiaries, Induding those
support costs and costs relating to the governance of the charity apportioned to charitable
acts'vitses.
other expenditure Includes all expenditure that is neither ￿lated lo raising ftjnds for the charity
nor part of rts expenditure on charrtable activities.
Ail costs are alloGaled lo expenditure ¢at2gories reflecting the use of the resource. Direct C051s
attributable to a single activity are allocated directly to that activity. Shared costs a￿ apportioned
between the activitie5 they contribute to on a reasonable, justifiable and Consistent basis.
Tanglble assets
Tangible assets are Initially recorded at cost. and subsequently slated al 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 deprèciation and
subsequent accumulated impaimient105ses.
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 ha5 previously been
recognised as expenditure within the statelnenl of financial activities. A decrease in the carrying
amount of an asset a5 8 re5uII of revaluation, is recognised in other recognised gains and losses.
except lo which it offsets any previoijs revaluation gain. in which case the 1055 is shown wlhin
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 asset, less Its residual value,
over the useftjl economic life of that asset as follows..
Land and buildings
Marquee
E-Bikes
Computer equipment
2°k Straight line
1 OVO reducing balance
500/D in first year and 15Q￿ each year after this
25% Straight line
Assets are not depreciated until they are bought Into use as detailed in note 15.
13

Isle of Kerrera Development Trust
Company Limiled by Guarantee
Notes to the Financial Statements icontinuedl
Year ended 31 March 2025
A¢¢ounting policies (continue
Impairment of fixed assets
A review for indicators of impairment is carned out at each reporting dale. with the recoverable
amount being eslimaled where such Indicators exist. ￿ere the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting dale.
For the purposes of irnpairment lesling. when il is not possible to estimate the recoverable aTnounl
of an Individual asset, an estimate 5s made ol the recoverable amount of the ¢ash-generab'ng unit
to which Ihe 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
froFn other assets or groups of assets.
For impairment testing of goodwill. the goo(h4ill acquired in a business combination Is. from the
acquisition date. allocated lo each of the cash-generating units that are expected lo benefit from
the synergies of the combination, Irrespective of whethei other assets or liabilities of the charity
are assigned to Ihose 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 Inslrumenl.
Basic financi81 Instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and cuirenl Iiabililies are subsequently measured al the cash or other consideration
expected lo be paid or received and not discounted.
Debt Inslruments are 5ub5equently measu￿￿ at amortised cost.
ere investments in shares are publidy 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.
Other financial instruments, including derivatives. are initially fecognised at fair value. unless
payment for an asset Is deferred beyond normal business terms or financed al a rale of interest
that Is not a market rate. in which case the asset Is measured at the present value of the future
payment5 discounted at a market rate of interest for a sirnilar debt In51rumenl.
Other financial instruments are subsequently measured al fair value, wilh any changes recogni5ed
in the statement of financial activitie5, with the exception ol hedging instruments in a Endowment
hedging relationship.
Financial a55els that are measLJred at cost or amort15ed c05t are reviewed for objective evidence
of impairment at the end of each reporting dale. If there Is objective evidence of impairment. an
impaiment loss is recognised under the appropriate heading in the statement of financial activities
in which the initial gain was recognised.
14

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (¢oninuedl
Year ended 31 March 2025
Accountlng policles (contirtuedj
Financial instrumènts l¢onthTrts•d)
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
a5ses5ed 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 carying amount of the financial asset that exceed5 what the carrying amount would
have been had the impairment not previously been recognised.
Limited by guarantee
The Isle of Kerrera Oevelopment Trust is a company lirnited by guarantee and accordingly doe5
not have a share capital.
Every member of the company undertakes lo contribute such amount as may be required not
exceeding £1 to the assets ol the charitable company In the event of its being wound up while he
01 She 15 a member, or within one year after he or she ceases to be a member.
Donatlons and legacies
Unrestricted
Funds
Reslri¢ted Total Funds
Funds
2025
Donations
Oonations
Donations- School project
Gift aid
4.198
313
4,511
Grants
William Grant Foundation
HIE
Highland Council
Argyll & Bute
Touring Nethrk
DTAS
Energy Savings Trust
Garfield Weston
120
120
2.000
2,000
4,318
2,313
6,631
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Donations
Donations- School project
Gift aid
2,174
2.174
1.219
17
1.219
17
15

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Statements Icontinuedl
Year ended 31 March 2025
Oonations and legacies (continuedl
Unrestr4Cted
Fund5
Restricted Total Funds
Funds
2024
Grants
William Granl Foundatlon
HIE
Highland Council
Argyll & Bute
Touring Network
DTAS
Energy Savings Trust
Ganleld Weston
7.800
7.800
102,034
102,034
147,514
147,514
300
219
25.564
12.825
300
219
25,564
12,825
10.493
289,173
299,666
Charitable activities
Unre5tricled
Funds
Reslncted Total Funds
Funds
2025
E-8ike rental
Fundraising events
Bc)thy renta
Other Incorne from charitsble activities
1.345
1.345
105
1.800
318
105
1.800
318
1.663
1.905
3.568
Unreslri¢ted
Funds
Restricted Total Funds
Funds
2024
E-Bike rental
Fundraising events
Bothy rental
Other Income from charitable activities
1,250
925
1,250
1,110
185
2,175
185
2,360
Other trading aGtivities
Unreslrided Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
School hire
Slip rent
62
1,244
62
1,244
1,244
1.244
1,244
1,244
1,306
1,306
16

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Statements {¢onlinuedl
Year ended 31 March 2025
Expendlture on charitable activitles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Core aclivilie5
School building
Broadband Inlraslructure
Support costs
4,296
5,706
24,329
2,000
2,400
10,002
24,329
2.000
4.800
2,400
6.696
34,435
41,131
Unreslncled
Funds
Restricted Total Funds
Funds
2024
Core activities
School building
Broadband Infrastructure
Support costs
1,570
10,388
42,785
11.958
42.785
1.800
3.000
4800
3.370
56,173
59,543
Expenditure on ¢harltable activities ty actlvlty type
Activities
undertaken
directly
Support Total funds
costs
202$
Total fund
2024
Core ath'vilies
School building
Broadband Infrastructure
Governance costs
10.002
24.329
2.000
10.002
24.329
2000
4,800
11,958
42,785
4,800
4.800
36,331
4,800
41,131
59.543
2025
2024
Project management lee5 & expenses
Core acbvilies- Office. IT Legal & Professional fees
Broadband Infra5tructure- Project management fees
Governance cos15- accountancy & audit fees
Consultancy. other staff & sundry costs
Activities & other project costs
School building CDSts
Core aclivilie5 - Depreciation & impairment
2.050
1.957
2.000
4.800
430
682
24,329
4,883
5,745
762
4.800
160
375
42.785
4,916
41,131
59,543
17

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
10. Net lexpenditurellln¢ome
Nel lexpendilurellincome is slated after chargingllcredilingl..
2025
2024
Depreciation of tangible fixed assets
21.961
21.763
11. Independent exarninatlon fees
2025
2024
Fee5 payable lo the independent examiner for"
Independent examination of the financial 51alemenls
4800
12. Stsff costs
There were no employees dunng the year or the previous year.
13. Trustee remuneration and expenses
The chanty trustees, who are the directors of the company, were not paid and did not receive any
remuneration, benefits In kind or reimbursemenl of expense5 in their capacity as trustee dunng the
year or the previous year.
14. Tangible fixed assets
At
1 Apr 2024
At
Additions 31 Mar 2025
Cost
Kerrera slipway
Old school buildirlg
Northlsouth Road
Marquee
Broadband infrastructure
E-bike5
Computer equipment
6.561
842.335
750.280
4.124
32.400
61.086
382
11.652
853.987
750.280
4.124
32.400
61.086
382
1.697.168
11.652
1,708,820

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (cL￿tinUe￿I
Year ended 31 March 2025
14. Tangible fixed asset5 (¢oniinuedJ
At
1 Apr 2024
Charge for
At
the year 31 Mar 2025
Dèpreciation
Kerrera slipway
Old school building
Northlsoulh Road
Marquee
Broadtsand infrastructure
E-bikes
Computer equipment
16.847
17.078
33.925
1.117
301
1.418
39.706
382
4,582
44.288
382
58,052
21,961
80,013
At
At
31 Mar 2025 31 Mar 2024
Carrying amount
K&rrera slipway
Old school building
Northlsouth Road
Marquee
Broadband infrastructure
E-bikes
Cornputer equipment
6.561
820,062
750,280
2708
32,400
16,798
6.561
825.488
750,280
3.007
32 400
21,380
1,628,807
1.639,11S
19

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2025
14. Tanglble flxed assets (continued)
Kerrera Slipway
The slipway major overhaul, which was not being carried out by the tharily. was completed in
March 2015, but no depreciation will be charged on the initial cost of bringing It into the ownership
of the Trust, as this Consists only of the legal fees incurred.
Old School Bulldlng
The Initial costs related to professional fees and the cost of the Old School 8uilding on Kerrera
which was bought from Argyll & Bute Council in July 2019 with a 100°A grant from the Scollish
Land Fund. The grant funded alldilions in subsequent years relate to felutbishmenl works
undertaken. Depreciation will be charged on completion of the project.
Argyll & Bute Council hold standard secunty over Kerrera Primary School of security of payment
of all 5um5 due and that may becorne due lo Arg￿1 & Bule Council.
Northlsouth Road
The capitalised cos15 of the cost of putting the road in place. Cost5 brought forward relate to phase
1 of the construction of the Northlsouth road to connect the comrnunilies on the Island. Additions
In the year relate to phase 2 of the project. The asset Is not owned however In the next two years
either fomial tlue will be received or the road may be formally adopted by Argyll & Bute Council.
Depreciation will be charged on completion of Ihe project.
Broadband infrastructure
The project was In the early stages al the year end. Depreciation will be charged on Completion of
the project.
15. Debtors
2025
2024
Prepaymenls and accrued income
Other debtors
2.399
1.006
1,006
1,008
3.405
1£. C￿dItors. amounts falling due within one year
2025
2024
Trade creditors
Accruals and deferred income
350
19,158
19,508
10.212
10,212
17. Deferred Income
2025
2024
Amount deferred In year
951
951
20

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 March 2025
18. Analysis of charitable funds
Unrestricted funds
At
1 Apr 2024
At
Income Expenditure 31 Mar 2025
General ftjnds
16.995
7,225
16.6961
17,524
At
1 Apr 2023
At
Incorne Expenditure 31 Mar 2024
General funds
6,391
13,974
13,3701
16,995
Restricted funds
At
1 Apr 2024
At
Income Expenditure 31 Mar 2025
School project
E-8ike5
Community led 8Ctivities
Northlsouth Road
Mainland Carpark
Broadband Infrastructure
852.586
21,380
4,798
783,721
528
32.400
2,218
125.8781
14.5821
11.9751
828.926
16798
2,821
783,721
528
32,400
2.000
12.0001
1,695,411
4.218
134,4351
1,665,194
At
1 Apr 2023
Al
Income Expenditure 31 Mar 2024
School project
E-Bikes
Comrnunity led activities
Northlsoulh Road
Mainland Carpark
Broadband Infrastrurture
596.819
25.962
22813
783.704
528
32,400
289,341
133.5741
14.5821
118,0171
852.586
21.380
4.796
783,721
528
32,400
17
1,462,226
289,358
156.1731
1,695,411
21

Isle of Kerrera Development Trust
Company Limited by Guarantee
Note5 to the Financial Statements l¢ortllnuedl
Year ended 31 March 2025
18. Analysis of charitable funds (coniinued)
School Prolect
During the year the refLJrbishment works were completed and the building was officially opened
the building on 30th March 2024.
E-Bikes
Funding was received Irorn The Energy Savings Trust in 2021 for the purchase of E-bikes. The e-
bikes are now in use with depreciation charged against the fund balance.
Community led actSvltle$
Funding was received from the Lottery ID deliver a prograrnme of community-led activities on the
Isle of Kerrera. The programme, based on ongoing con5ullalion. will bring the community together,
promote cornmunity resilience and alleviate iurallsocial Isolabon. A number ol successful events
were held during the current and pnor year.
Northlsouth Road
Funding was received frorn the Scottish Government, In the PriL)r year, lo la¢ilitate the construction
of a road to connect the separate communities on the island. Al 31 March 2022 stage one had
been cornpleled con5151ing of a forestry grade track with fencing and cattle grid. Further funding
was received In 2022-23 from Argyll & Bute Council for stage two of the project, the lar lopping of
the road in October 2022. The capitali5ed costs of the cost ol putting the road in place.
The roaLI proje¢l a￿ayS had a 2 year timeline built in where we were hoping the road would be
adopted. This penod finished in October 2024 and IKDT now has the option to trigger the
assignation of the road lo the Tru51 and Is currently with the solicitors. £30.000 has been ringfenced
lo cover these legal costs and any associated project management costs.
Malnland Car Park
Initial funding was receively from DTAS and futLJre support wll be provided by Highland5 and
Island5 Enterprise lo work with Community Enterprise to look at the options for the rnainland car
park. There was no action taken on this project dunng the current year
Broadband Infrastructurè
Grant funding of £32,400 was received from Ihe Argyll & Bute council Digitsl Exclusion Fund in
2022123 for the 8ack of Beyond Broadband180661 foT the purpose of completing a Fixed Wfireless
Access IFWAI network on the Island of Kerrera. In September 2024 a further grant of £2.000 was
received lo covef project management costs.
11 has been a complex and challenging environment to work In and although there were no further
developments of the project in the year to March 2025, the first home Connection was made in
January 2026. There are no further funds due for this project and we hope that more homes can
now lake advantage of the super fast speeds on offer.
22

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Statements {¢oniinuedl
Year ended 31 March 2025
18. Analysis of charitable funds (continued)
Endowment funds
Al
1 Apr 2024
At
Income Expenditure 31 Mar 2025
Isle of Ker￿ra Slipway
6.$61
6,561
Al
1 Apr 2023
Al
Income Expenditure 31 Mar 2024
Isle of Kerrera Slipway
6,561
6,561
Kerrera Slipway
The Slipway at the Isle of Kerrera was acquired by the Trust for a payment of £6.561.
19. Analysi5 of net assets between funds
Unrestncted
Funds
Reslricted Endowment Total Funds
Funds
Funds
2025
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
2.706
20,233
15,4181
17.523
1.619,538
50,453
14,79SI
1,665,195
S,561
1.628.805
70.686
110.2121
1.689.279
6,561
Unrestricied
Funds
Restricted Endowment Total Funds
Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
3,007
28,428
114,4401
1,629,548
70,931
15,0681
6,561
1.639.116
99.359
119,5081
1.718.967
Net assets
16,995
1,695,411
S,561
20. Conflicts of interest
The Trust operates a policy to deal with potential conflicts of interest This includes maintaining a
register of board membersldirectors interests, which details any contractual orfinancial relalionship
or position ol authonty with outside companies. firms or organisations. Vvhenever a board
memberldirector has an Interest In any item discussed by the Board. helshe lakes no part In the
discussions or decision making proce5S.
21. Capital commitrnents
The Trust is committed to completion of ongoing projects.
23

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (conltnuedl
Year ended 31 March 2025
22. Related parties
During the year the charity entered into the following transaction5 Wlth related parties
Balance owed byllowed
tol
Transaction value
2025
2024
2025
2024
R ￿rght
1,800
The opportunty to operate the bolhy was offered to all islanders. From September 2024. the
bothy has been operated by R Wright a Irusteeldirector.
24

Isle of Kerrera Development Trust
Company Limited by Guarantee
Management Infomation
Year ended 31 March 2025
The following pages do not fomi part of the financial statements.
25

Isle of Kerrera Development Trust
Company Limited by Guarantee
Detsiled Statement of Financial Activities
Year ended 31 March 2025
2025
2024
Income and De51gnated
Donations and legacles
Donations
Donations- School project
Gift aid
Wlliarn Grant Foundation
HIE
Highland Council
Argyll & Bule
Tounng Network
DTAS
Energy Savings Trust
Garfield Weston
4.511
2,174
1,219
7,800
102,034
120
2,000
147,514
300
219
25.564
12.825
6.631
299,66
Charitable activities
E-Bike rentsl
Fundra1sing events
Bothy rental
Other income from charitable ath'vits'es
1,345
105
1,800
318
1.250
1.110
3,568
2.360
Other trading activities
School hire
Slip rent
62
1.244
1,244
1,244
1,306
Total income
11,443
303,332
26

Isle of Kerrera Development Trust
Company Limited by Guarantee
Detailed Statement of Financial Activities {¢onisnueill
Year ended 31 March 2025
2025
2024
Expenditure
Expenditure on charitable activities
Wages and salaries
Light and heal
Repairs and maintenance
Insurance
Other establishment
Legal and professional fees
Other office costs
Oepreciation
Sundry
Core aclivilie5- Equipment & Activities
5.046
1.238
204
2.815
26.216
306
2,817
589
4,800
762
21.763
1.909
375
8.101
856
21.961
430
682
41.131
59.543
Total expenditure
41,131
59.543
Net lexpenditurellincome
129,6881
243.789
27

Isle of Kerrera Development Trust
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2025
202S
2024
Expenditure on charitable actlvltles
Core activities
Activities undertaken di￿tlY
Core activities- Project management fees
Core aGlivilies- Repairs & maintenance
Core a¢tivilies- Insurance
Core activities - Volunteer & Stsff expenditure
Core activities- Legal and professional lees
Core activities- Office expenses & IT
Core activitie5- Depreciation & impaimient
Core activities- Sundry costs
Core activities- Equipment & Activities
1,446
204
400
4,806
350
589
1,301
656
4.883
430
682
762
4,916
180
375
10.002
11,958
School bullding
Activities undertaken directly
School building - Proiecl management costs
School building - Light & heat
School building - Repairs & maintenance
School building - Insurance
School building - Depreciation
S¢hool building - Sundry costs
3.600
1.236
21,410
306
2.415
17.078
2,467
16,847
1.749
24.329
42,785
Broadband Infrastructure
Activities undertaken directly
Infrastructure- legal and professional fees
Goveman¢e ¢osts
Governance costs - accDuntsncy fees
2.000
4,800
4,800
Expenditure on charitable activities
41.131
59.543
28