REGISTERED COMPANY NUMBER: SC381507 (Scotland) REGISTERED CHARITY NUMBER: SC42007 Re rt of the Trustees and Unaudited Financial Sktemenls for the Year ErKled 31 December 2025 for El hin, Ledmore & Knockan Communi A550cialion Lirniled Mackay & Co CA 3 Fodderty Way Dingwall R055-shire IV15 9XB
El hin. Ledmore & Knockan Communi Association Limited Contents of the Financial Statements for the Year Ended 31 December 2025 Page Report of the Trustees 1 to 4 Independent Exarninerfs Report Statgmenl of Finanoal Activities Balance Sheet 7 to 8 Notes to the Financial Statements 9 to 13
El hin. Ledmore & Knockan Communi Association Limited Re istered number.. SC381507 ort of the Trustees or the Year Ended 31 December 2025 The trustees who are also directors of the chartty for the purposes of the Companies Act 2006, present their report with the financial statements of the charity -or the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities." Stalemenl of Recommended Practice applicable lo charits'es preparing their accounls in aOrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102> (effeclive 1 January 2019)- OBJECTIVES AND ACTIVITIES Obje¢tives and aims To acquire the old Assynt Primary School and its associated land in Elphin and to convert and operate it as a community ntre for the use of full and part-time residenis of the townships of Elphin, Kockan, Ledmore, Lyne and Benmore and their neighbourhi)od in the Highland Council aw of Scodand wilhoLJt distinction of age, race, or sex, or political, religious or other opinions. induding.. il Use for thg social welfare if the Iwal community and meetings. lectures. exhibitiS. classes and other forms of recreation and leisure lime occupation and arts and literature., ii) encourage training and advancement of education- iiil the promotion of agriculture, fishing, industry, tourism and commerce among the local community,. iv) encourage the study. understanding and exposition of the Assynt region's history, culture, natural history, geology and geography", vl use as a polling station., vi) any other purpose that may reasonably be regarded as analogous to any of the preceding PLJrposes. Page 1
El hin. Ledmore & Knockan Communi Association Limited Re istered number.. SC381507 ort of the Trustees or the Year Ended 31 December 2025 ACHIEVEMENTS AND PERFORMANCE Charitable activities Here are the activities of ELKCAL and the hall for 2025 The season began with an Open Jam Music Session in April which was a hLKJe success. ELKGAL'S summer events kicked off with the Elphin Midsummer Country Fayre in June which was a great day with lots of activities lo get everyone going. The activities were entertaining lo the locals, visit$ and participants alike The Craft and Food Markets started up again in April on a WklY basis and mosl weeks had a full ptake of tables. All in all, it was a good year for the stall holders and as such extended well into October again. The craft group made good use of the hall through out the year. We had a day of general maintenance wtlh painting and other small pairS. Work has been done on installing new healing panels for the main hall. Looking ahead to more major improvements and iepairs we still need better heating, and the roof Continu to have minor leaks and general damp. Having renamed Chicken Day to Elphin Crofty Day. we had great weather for the day and a strong allendance. The activities for both the children and adults were well received. and we were well supported by crofts bringing Iheir nimals to show on the day. Little did Ke all know that the hay bale used in one of the competitions would provide grezt entertainment for the kids and a respite for their parents and carers_ Whilst the digital projector was not used in Ihe year. plans were made for regular film nights and dates agreed for early next year. A card evening was organized in November which proved a hit for those attending and more have been planned for the new year. The Christmas quiz was held in eady December, the second of its kind and has now been adopted as a replacement to the formal sil-down meal. We made further progress in our efforts to purthase the hal" and grounds under the Community Asset Transfer. This year the boundaries weie surveyed and formalised by the counul and will be shortly discussed with the new estate owners. This will hopefully gain all round agreement and Can move the purchase on to the next stage. Agreement has already been reached with the Grazing Committee. As you all know we lost Ann this year. as well as a big loss to all her friends and neighbours, all members of ELKCAL and the hall will certainly miss Ann as a friend and as a valued mernber of the committee. Ann has been the secretary for a number of years, and our move to gaining ownership of the village hall is thanks. in a large part, by the knreless wod( by Ann in securiry granls and organising events. With Ann's ongoing legacy oftransferring the hall from the Igh18nd Council to the communty, we are looking to the future and drafting a 10-year plan of improvements to and running of the hall of the benefit of the whole community. Page 2
El hin. Ledmore & Knockan Communi Association Limited Re istered number.. SC381507 ort of the Trustees or the Year Ended 31 December 2025 In September 2025, Andy Venters stepped down to the role of VI Chair and Christopher Jo Lunn took on the role of chairperson for Elkcal. On behalf ol the board, I would like to Ihank you all for you continued support, and l(M)k fOard to the year ahead. Jon Lunn (Chair of ELKCALI And Andy Venters (Vice Chair of ELKCALI FINANCIAL REVIEW Financial position The result for the year is shown in the attached financial statements. As can be seen on page 6 of the accounts, a net loss of £4,240 has been made in the year {£684 profft- 2024). FUTURE PLANS Alongside our current activities, new actives planne(t for Ihe coming year include.. ECHO - Elphin Community History Organisation - nonthly meeting of local people, during off season, who are researching and collecting history of families and buildings in Elphin and Knockan_ Regional Spinners Group - monlhly meeting of people, during off season. from Scwrie to Ullapool who want to leam or share skills. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is Controlled by its goveming document. a deed of trusl. and constitutes a limited company, limited by guarantee. as define(J by Ihe Cornpanies Act 2006. Recruitment and appointmenl of the committee of directors The directors of the company are known as Ihe Committee of Directors and unéer the requirements of the Memorandum and Articles of Association skould serve for a period of three years. There must be a minimum of 6 and a maximum of 12 members and with LP to 9 elected by members. Up tD 3 members may be co-opted. Diroctor induction and training New members are provided with a copy of the Constitution, the Memorandum ané Arlicles of Association, the policy documents and the current business plan for Elphin, Ledmore and Knockan Community Association Limited (ELKCALI and the role Df OSCR. Al directcrs are rA)uraged to attend appropriate extem81 training to enhance their knowledge of their role and responsibilities. Risk management Board members, staff and volunteers undertake screening by Di3closure Scotland as required and 8 contingency fund is maintained. Page 3
El hin. Ledmore & Knockan Communi Association Limited Re istered number.. SC381507 ort of the Trustees or the Year Ended 31 December 2025 REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number SC381507 (Scollandl Reglstered Charlty number SC42007 Registered office Elphin Community Hall, Fomer Assynt Pri Elphin By Lairg Sutherland IV27 4HH Trustees R W Brown Ms H J Donaldson Ms L Leith (resigned 14.4.261 Ms G R Leith G Moyne Ms A E O'Keefe (resigned 3.6.251 R A Pursey (resigned 5_7.251 Ms J Rolhnie (resigned 27.8.25) A N Venters Ms C J Wo(xJsford (resigned 10.11.25> Ms D N Pierce Teacher C Lunn (appointed 5 7_251 Company Secretary S B Jeffreys Independent Examiner Mackay & Co CA 3 Foddety Way Dingwall Ross-shire IV15 gXB Approved by order of the board of trustees (M 18 May 2026 and signed on its behalf by.. C Lunn- Trustee Page 4
Inde endenl Examinerfs Re rt to the Trustees of El hin, Ledrnore & Knwkan Communi Associalion Limited I reporl on the accounts for the year ended 31 December 2025 set out on pages six lo thirteen. Respective responsibilities of trustee5 and examiner The charity's trustees are responsible for the preparation of the accounts In accordance with the terms of the Charities arKI Trustee Inveslmenl (Scotlandl Act 2tM)5 and the Chartlies AOUnts (Scotland) Regulations 2006 las amended). The charit$ trustees consKler thal the audit qUirement of Regulation 1011 Ila) lo (cl of the Accounts Regulations does not apply. 11 is my resFxinsibilrty to examine the accounts as required under Section 4411 Ilc) of the Acl and to slate whether par[lar matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordan 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 conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and coNsequently I do r)ot express an audit opinion on the view given by the accounts. Independent examine$ statement In connecti(N) with my examination: no matter has come to my attention = 11) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Seclion 4411)lal of the 2005 Act and Regulation 4 of ihe 2006 Accounts Regulations- and to prepare accounts which accx)rd with the ac(x)unting records and to comply with Regulation 8 of the 2006 Accounts Regulations have not been met. or 12} to which, in rny opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Ricky Finlayson CA The Institute of Chartered Accountants of Scotland MaL*ay & Co CA 3 Foddety Way Dingwall Ross-shire IV15 9XB Date.. Page 5
El hin. Ledmore & Knockan Communi Association Limited Statement of Financial Activ lies or the Year Ended 31 December 2025 31_12.25 Total funds 31.12.24 Total fijnds Unrestricted Restricted funds ftjnds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 6.333 6.333 7,152 Investment iNcome Total 162 6,495 162 6,495 222 7,374 EXPENDITURE ON Charitable activities General 10.735 10,735 6,690 NET INCOMEIIEXPENDITURE) 14.240) 14.2401 RECONCILIATION OF FUNDS Totsl funds brought forward 26.730 605 27.335 26,651 TOTAL FUNDS CARRIED FORWARD 605 23.095 The notes forn part of these finanaal statements Page 6
El hin. Ledmore & Knockan Communi Association Limited Re istered number.. SC381507 Balance Sheet 31 December 2025 31_12.25 Total funds 31_12_24 Total fijnds Unrestricted Restricted funds ftjnds Notes FIXED ASSETS Tangible assets 6.101 6.101 7,625 CURRENT ASss Cash al bank 16,983 605 17,588 20,250 CREDITORS Amounts falling due wthin one year (594) 1594) 15401 NET CURRENT ASSETS 16,389 605 16,994 19,710 TOTAL ASSETS LESS CURRENT LIABILITIES 22.490 605 23.095 27,335 NET ASSETS FUNDS Unrestricted funds Reslricled funds TOTAL FUNDS 22.490 605 23.095 27,335 22.490 605 26,730 605 27,335 The charitable company is entitled to exemption frorn audit under &ction 477 of the Companies Act 2006 for the year ended 31 December 2025. The members have not required the company to obtain an audit of ils finanaal statements for the year ended 31 December 2025 in accordarKe with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for la) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply wilh the requirements of the Companies Act 2006 relating to financial slalements. so far as applicable to the chantable company. Ib) The notes forn part of these finanaal statements Page 7 continued..
El hin. Ledmore & Knockan Communi Association Limited Re istered number.. SC381507 Balance Sheet - conlinuad 31 December 2025 These financial statemenls have been prepared in accordan with the provisions applicable to charitable companies subject to the small cornpanies regime. The flnancial statements were approved by the Board of Trustees and authorised for issue on 18 May 2026 and were signed on ils behalf by.. C Lunn- Trustee The notes forn part of these finanaal statements Page 8
El hin. Ledmore & Knockan Communi Association Limited Notes to the Financial Statements or the Year Ended 31 December 2025 ACCOUNTING POLICIES Basis of preparing the financial sL3tements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Ac¢ounling and Reporting by Charities.. Statement of Recommende(I Practice applicable to tharities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019)., Finanal Reporting Standard 102 The Finan-ial ReFK)rting Standard applicable in the UK and Republic of Ireland, anrj the Companies Act 2006. The financial statements have been prepared under Ihe historical cosl convenlion. Income All income is recognised in the Staternent of Financial Activ'ties once the charity has entitlement to the funds, il is probable that the income will be reiVed and the amunt Can be measured reliably. Expendrture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commrtting the chartty lo 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 accounled for on an accruals basis and has been classifEd under headiigs that aggregate all cost related lo the category. Where costs cannot be directly allributed lo rI1¢ular headings they have been allocated to activities on a basis consistent with the use of resource5_ Tangible fixed assets Depreciation is provided at the following annual rates in order to wriie off each asset over its estimated useful life. Fixtures and fittings 100h on cost Taxation The charity is exempt from corporalion tax on rts chantable acb"vibes. Fund accounting Unrestricted ftjnds c3n be used in accordance wilh the charitable objeclives at the discretion ol the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when spectfied by the don(K or when fijnds are raised for particular restricted purposes. Further explanation of the nalure and purpose of each fund is included in the notes to the financial statements. Page 9 continued..
El hin. Ledmore & Knockan Communi Association Limited Notes to the Financial Statements - continued or the Year Ended 31 December 2025 INVESTMENT INCOME 31.12,25 31.12.24 Bank and amazon interest 162 222 NET INCOMEIIEXPENDITURE) Net incomel(expenditure) is stated afler chargingllcrediling)- 31.12.25 31.12.24 Depreciation - owned assets TRUSTEES. REMUNERATION AND BENEFITS There were Th) trustees. remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. Trusiees. expenses There were no trustees, expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 7.152 7,152 Inveslment income Total 222 7,374 222 7,374 EXPENDITURE ON Charitable activities General 6,690 6,690 NET INCOME RECONCILIATION OF FUNDS Total funds brought forward 26,046 605 26.651 Page 10 continued..
El hin. Ledmore & Knockan Communi Association Limited Notes to the Financial Statements - continued or the Year Ended 31 December 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds Total funds TOTAL FUNDS CARRIED FORWARD 26.730 605 27,335 TANGIBLE FIXED ASSETS Fixtures and fittings Planl and machinery Totals COST At 1 January 2025 and 31 Decembei 2025 DEPRECIATION At 1 January 2025 Charge for year At 31 Dernber 2025 NET BOOK VALUE At 31 December 2025 At 31 Decernber 2024 1,523 1,523 7.620 1,524 9,144 9,143 1,524 10,667 1.523 6,101 6,101 CREDITORS: AMOUNTS FALLING DUE WH1N ONE YEAR 31.12.25 31.12.24 Accrued expenses 594 540 MOVEMENT IN FUNDS Net movement in funds At 31.12.25 At1.1.25 Unrestricted funds General fund 26,730 14,240) 22,490 Reslrlcted funds Defibrillator Toddler Group 535 70 605 27,335 535 70 605 23,095 TOTAL FUNDS Page11 continued..
El hin. Ledmore & Knockan Communi Association Limited Notes to the Financial Statements - continued or the Year Ended 31 December 2025 MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 6,495 {10,735) {4,240} TOTAL FUNDS 6,495 10,735) Comparatives for movernent in funds Net movement in funds At 31.12.24 Al1.1.24 Unrestrl¢ted funds General fund 26,046 26,730 Restricted funds Defibrillator Toddler Group 535 70 605 26,651 535 70 605 27,335 TOTAL FUNDS Comparative nel movement in funds. induded in the above a as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 7,374 I6,6) 684 TOTAL FUNDS 7,374 684 Page 12 continued..
El hin. Ledmore & Knockan Communi Association Limited Notes to the Financial Statements - continued or the Year Ended 31 December 2025 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined FK>sition is as follows.. Net movement in funds Al 31.12.25 At 1.1.24 Unrestricted funds General fund 26,1)46 13.5561 22,490 Restricted funds Defibrillator Toddler Group 535 70 605 26,651 535 70 605 23.095 TOTAL FUNDS A current year 12 months and prior year 12 months combined net movement in funds, induded in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrictod funds General fund 13,869 {17,425) {3,556} TOTAL FUNDS 13,869 17,425) RELATED PARTY DISCLOSURES There were nD related paty transactions for the year ended 31 December 2025. Page 13
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