MERKINCH PARTNERSHIP LTD (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 CHAIUTY NUMBER SC042835 COMPANY NUMBER SC406449
MERKINCH PARTNERSHIP LTD Legal #nd Administrative InformatiOD Charity Name Merkinch Partnership Ltd Cb¥rity Number SC042835 Company Registration Number SC406449 Registered Office 30 Grant Street Inverness IV3 8BN Trustees Alistair Locke Elizabeth Young Yvonne Stewart Kathleen Maclean resigned 27 January 2026 appointed 27 January 2026 Independent Ex¥miner Kevin Leitch FCCA Leit¢h Accountancy Services Limiied 3 Beech Avenue Inverness IV2 4NN
MERKINCH PARTNERSHIP LTD Contents Page Trustees report Independent exarniDer's report Statement of financial activities Balance Sbeet 10 Notes to financial statements Page 1
MERKINCH PARTNERSHIP LTD Trustees, Annual Report for She year ended 31 March 2026 The trustees present their report and financial statements for the y¢ar ended 31 March 2026. The Tru5tees' Report compli¢s with and includes ihe requirements of a Directors, Report in accordance with the Companies Act 2006. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statemenis and ¢omply with the charitable company's Memorandum and Anicles of Association, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland} Regulations 2006, FRS 102 'The Financial Reponing Standard applicable in the UK and Republic of Ireland" {FRS 102). Objectives and activities The company is commttted to assisting th¢ COTnmunity through the objeciives of the charity which are- Create opponunitie5 for people to realtse their full potential. Cieate opportunities for people to access education, learning and employment. Empower people to make positive Choices by building confidence and skills. Make volunteering a positive and worthwhile experience. Enable social inclusion. OpeTate with a focus on local people, consult with the local community and deliver projects and iniliatives whi¢h are driven and lcd by local demand. Promote the area of Merkinch and improve it5 image and profile in the wider Inverness communtty. PTomote fairness and equality for the people of Merkinch in accessing opportunities oui with the Merkinch area. Represeni the area of Merkin¢h on the Inverness Community Partnership to influence strategies, policies and priorities. Work with a wide range of local organisations. siatulory agencies, health professionals, nelworks and forums to achieve our vision. recognising that partnership working is the best way to achieve effective and sustainable change in communiii¢s. All of our service5 and activities are delivered in partnership with other agen¢ies and organisations- sta(uiory, third sector and private enterprise. This includes Highland Coun¢il, Job Centre Plus, NHS Highland: Skills Development Scoiland, Bamardo's. Merkinch Enterprise, Arts in Merkinch. Inverness High School, Hi-Life Highland. Signpost Volunteer Centre, sports governing bodie5 and Inverness CollegTe. Our partnership working with Jobcentre Plus has developed and strengthened in recent years and Jobcentre Plu5 is now one of our main referring agenls. In addition we work with the following partners to plan, develop and deliver services.. NHS Highland, local emploj'ers, Hi-Life Highland, sports gFoverning bodies: Active Schoo15, our local volunteering centre Signposi, our local Church of Scotland, Citizens Advice, local media. local charities and olh¢r groups in the voluntary sector. Page 2
ERKINCH PARTNERSHIP LTD Trustees, Report for the year ended 31 March 2026 Objectives aDd aetivities (cont) We deliver all our activilics in a holistic way as we believe this provides the best service for the community- Partnership working delivers a broader base of experience arid expertise and brings in additional resour¢es in terms of project staff on the ground, man power, volunt¢er5, funding and other resources such as venue space and equipment. Aehievements and performance During the period of ihe report the following projects and activities were delivered, both face to face and r¢motely by phone.. Skills and training prOamme for young people aged 16 to 25 years who are not in employment. edu¢aiion or training. Advice on claiming DWP benefits, Highland Council grants and Warni Home fuel discounts. Ensuring in¢otne maximisation, how lo claim all benefits enlitlements. Fomi filling (paper and online} Addressing debt. primarily focussing on rent and Council Tax arrears. Money managemeni, building financial skills and confidence. Signposting and referrals to addilional advic¢ and inforniation service5. A¢cess to a cash budget for purchasing food supplies and helping with gas and ele¢tric costs. Employability skills Programme for people who are facing multiple barriers and experiencing inequalities. In-work poverty support service to help people who are employed to increase their income. IT and digital skills. Participation in training courses and gaining qualifi¢ation5 which are relevanl to the local labour market. Work experience placements and work trials with a range of local ernployers. Volunteering placements with local charities and businesses. Registrations and assessments for new clients. Cv's Job search. Eniployability skills- job applications. ¢ontacting employers, interview skills, ID requirements for worl references. Provision of food parcels. Community learning programme focussed on addressing social isolation, bringing people together lo take part in a range of leaming activities- setting up a COrnTnunity' group. gaining charitable status, planning projects, financial forecasting and financial management. Project Manager additional activities: Researching and identifying funding sourc¢s, completing funding applications, producing project budgets, ¢ompleting monitoring and evaluation reports, liaison with funders, attending funding informalion sessions both in person and online. Partnership working aiid networking by ¢-rnail. phone, Zoom and Microsofi TeaTns Supporting other charities in the local community groups in the local community, primarily with funding and financial record keepin& Page 3
MERKINCH PARTNERSHIP LTD Trustees, Annual Report for the year ettded 31 March 2026 Objeetives and activities (Cont) All aspecls of financial management for Merkinch Partnership - pro¢essing invoices. tiling invoices and receipts, bank reconciliaiion, maintaining financial recoTds on Excel. producing monthly finance reports. presenting finance reports at Board meetings, managing budgets, monitoring income and expenditure, completing funding allocations, carrying out financial projeciions. completing funding applications, end of year accounts. All aspects of staff managemeni Suc¢es5es'. People moving into employment due to taking part in training activities which lead directly to a job. People working pan lime moving into full lime work and thereby increasing their income. Signposting and referrals to additional sources of advice and inforlnation were an important part of the project. allowing people to get support on specific issues and building up their knowledge of the resources available locally. Income maximisation activiti¢s resulted in people living in poveny increasing their income and a¢¢essing gateway benefits. We Continue to have strong and effective partnership working with a range of organisaiions (statutory and third sector), particularly with our local Job Centre. One of our staff members continues to attend Inverness Job Centre in person on Tuesday aftemoons and Wednesday mornings to do client engageinent and support. During the reporting period this Staff member, at the requesi of DWP, has also helped to facilitale and deliver a series of gTOUP leaming programmes focussed on Cvs artd compleiing job applications. Feedback from people accessing our projcct shows ihal the most important benefits for them are being able to access servi¢es in a local community venue, being treated with respeet and dignity, no matt¢r what issues or difficulties they are experiencing and being able to get a range of advice and inforn)ation in the one location. Our organisation supported peopl¢ in a person centred way by doing the following.. Engaged with ihose people in our community who have been the hardest hil by the cost of living crisis, are experiencing hardship and inequalities, are furthest away from the labour market, who are hard to re2¢h and who are facing barriers preventing them from moving into employment. Provided sllpport for lo¢al families who are experiencing poverty in order lo alleviate hardship. Supported people to build skills and confidence so thai their employmeni opportunitie5 are increased and itnproved. Communily led regenerdtion.. All of our project activities were designed, developed and delivered in response to the needs of the local ¢ommunity, local people Shape all of our activilies and they are latlored to what people tell us they need, what iheir priorities are. This engagement process is on-going and fornis a key part of our work in Merkinch and South K¢sso¢k. During ihe course of the project we involved local people in a range of differeni ways.. Through our Trustees who live in the area and interact with ihe local community. Setiing up focus groups and community panels to identity priorities and draw up Action Plans. Attend local community meetings and events to talk to local people aboui services in their area and any gaps Page 4
MERKINCH PARTNERSHIP LTD Trustees, Annual Report for the year ended 31 March 2026 Objectives and activities {cont) Transilion to Net Zero: During the course ofthe reporting period we were able to achieve the following outcomes= Staff dllCed usag¢ of their own transport for business purposes. this was mainly achieved by either using public transport or travelling on foot. Using Mi¢rosoft Teams for meetings a150 reduced the need for travelling. Employees were requested to conserv¢ ¢le¢tricity and gas usage in their daily work. This was a¢hieved through reduced use of overhead electric lights, especially in public areas such &8 toilets, foyer and stairway. We introduced flexible working for staff, which enabled ihem to work from home one day per week. thus helping to reduce gas and electri¢ usage. We lirnited the use of single use pl&tics, reduced food waste and as much as possible we used office resources which were produced from recycled materials. We looked at the potential to install solar panels on our building and alternative sources of healing other than a gas boiler. We have not made any d¢¢ision5 on this currently. Learning: During the reporting period we have discovered that. with the Tight support, people who have been very long term unemployed { l O+ years) are able to progress and move fonvard with their lives in a relatively short space of time. The support requires passing on relevant information. identifying strengths and skills. increasing rnotivation and building positive outlooks. We also found rhat after care is vital for people who have been long term unemployed. for at least the first three months of their new destination in order that progress Can be sustained. Project sustainability: We are submitting applications to a range of funders for 2026-27 50 that we can continue to provide our s¢rvi¢¢s, for which there is such a great nced. Our local Job Centre has infornied us that the UK Government's priority is addressing those people in receipt of benefits ivho are economically inactive, they will be asked to attend JC+ in person and will be referred on to our services for job search support. Due to this we foresee that th¢ d¢mand for our services will be even greater in going forward into 2026-27. Fillallel41 revi During the year th¢ ¢OTnpany generaled an overall deficit of £43,077 {2025 - £23,012 surplus). The overdll deficit consisis of & restricted funds deficit of £25,23312025 £12,604 deficit) and an unrestri¢ted funds defecil of £17,824 (2025 £35.616 surplus). At the year end the charity liad total funds of £57,344 (2025 £100.41]) whi¢h included restricted funds of £13,500 (202S £38,753) and unrestricted funds of £43,844 (2025 - £61,658). Reserves Policy The company's policy is to retain sufficient funds lo cover its financial and legal obligations and to allow it to develop its existing servi¢es and adjust them in ligyht of the needs of the community. The sum required is re-assessed ea¢h year according to the circumstanccs of the company. The company is satisfied tha( the level of funds held is sufficient to meet its liabilities as they fall due. Page 5
MERKINCH PARTNERSHIP LTD Trustees, Annual Report for the year ended 31 March 2026 Risk Managemenl The board of directors meet monthly with the exception of July and DecembeT and at other times if considered appropriate. Minutes are retaincd in respect of all meetings. The dirKtors actively review the principal risks faced bv the company and have internal control policies and procedures in place which provide r¢asonable but not ab501ute SUranCe against material miss-statement or105s. Day to day management of the charitable company is delegated io the Project Manager who operates wiihin auihorily limits set and monitored by the board. The Proj¢¢l ManageT and the board identify measurable targets for the key areas of activity- Probyess against ihese target5 is set out in the annual report available to all mernbers. All directors are aware of the organisalÉonal risks involved in running the company. PlaDS for future periods We will Continue to deliver our priorilies in our curreni three year Development Plan: Employability We will work with people in our community aged from 16 to 70 years who are unemployed and economically inactive. supporting them to build skills, experience and confidence and achieve Qualifications 50 that they can move into sustained employment and improve their economic ¢ir¢umstances. Social Isolation We will address the issues of loneliness and social isolation which are harmful to our health.. research shows thai lacking social connections is as damaging to our health as smoking 15 cigarettes a day. Social neiworks and friendships not only have an impact on reducing the risk of mortality or developing certain diseases, but they also help individuals to recover when they do fall ill. We will provide opportuniiies for people to make new links and build healthy, positive networks and relationships withtn their own community. Developing young people We will work with young people in our community aged from 16 to 24 years to address the issues of lack of skills, confidence, attainrnent and qualifications. We will provide employability skills and personal development skills to help young people move into employment, education or training. Plans for future periods (Cont) Health improvement We will address the issue of health inequalilies in our ¢OTnmunity through providing a range of health improvement and learning activities for people of all ages, encouraging them io lead more active and healthy lives and make healthier and more posltive lifestyle choices. Structurej governance and maDagenient The charity. is a company limited by guarantee incorporated on 31 August 2011. The company was established under a Memorandum of A550ciation which established the objects and powers of the charilable company and is governed by its Articles of Association. In the evenl of the company being wound up, members are required to contribute an amount not exceeding £1. Page 6
MERKINCH PARTNERSHIP LTD Trustees, Annual Report for the year ended 31 March 2026 Structure? governance and management (CODt) The irustees, who are also ihe directors for the purpos¢s of company law, and who served dLtring the period from l April 2025 10 the date the financial statements were approved were as follows: Alistair Locke, Elizabeth Youn& Yvonne Stewart and Kathleen Maclean Recruitment #nd Appointment of Directors The directors of the company are also charity irust¢es for the purpose of charity law. Members of the company may apply in writing to join the trd. Applications are accepted at any time up to the commencement of the annual general meeting and are voted upon by the memb¢rs present at that meeting. Directo may be ¢o-opted by the board during the year. Co-opted members must stand down at the annual general meeting and offer themselv¢5 for re-election. New members of the board receive an induction with a briefing on the company's constitulion, embodied in the Mernorandum and Articles of Association. The induction process also includes a revie, of the management handbook w.hich covers the financial procedures and responsibilities for directors. Directors are encouraged to attend training ¢OUTses relevant to their duties and responsibilities. Organisational Stru¢ture Merkinch Pannership Ltd is governed by a board of directors comprising a maximum of l O and a inimum of 3 members. The chief exe¢utive also attends the board meetings but does not vote. Sub gTOUPS are sel up a5 required to deal with areas such as siaffing and finan¢e. When staff are recruited a board member will 51t on the selection panel. Page 7
MERKINCH PARTNERSHIP LTD Independent Examiner's Report To The Trustees of Merklnch PartDership Ltd I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 March 2026, which are set out on pages 9 to 19. Re$peetive responsibilities of trustees and examiner The charity's truslees (who are also the directors of the company for the purpos¢s of company law) are re5pon5ible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment Iscotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees eonsideT that the audit requirement of Regulation l O(1 ) (a) lo (c) of the Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1) (c} of the Act and to stale whether parti¢ular matters have come to my attention. B#$is of independent eiaminer's Statement My examination is carried out in accordance with Regulation I l of the 2006 Accounts Regulations. An examtnaiion includes a review of the accounting records kept by the charity and a comparison of the financial statements presented wilh those records. li also includes consideration of any unusual ilems or disclosures in the financial statements, and seeks explanations from the Irustees concerning any such matters. The procedures undertaken do not provide all the eviden¢e that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements. IndependeDt examiner's $t4tement In the course of my examination, no matter has eome lo my attention.. (a) which gives m¢ reasonable cause to believe ihat in any material respect the requirements.. (i) to kttp accounting re¢ords in accordance with s¢¢tion 44{1) {a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulaiions. and lill to prepare financial statements which a¢cord with the accounting records and comply wilh Regulation 8 of the 2006 Accounts Regulations- have not been tnet. or (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be r¢a¢h¢d. Use of our report This report is made to ihe charitable company's board of directors. as a body, in accordance with ihe terms of engagement. My work has been undertaken to enable me to undertake an independent examination of the charily's financial statements on behalf of the charitable company's board of directors and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company and the charitable company's board of directors as a body, for my work or for this report. Kevin Lest¢h FCCA Leilch Accountancy Services Limited 3 Beech A venue Inv¢mess, IV2 4NN Date.. 0910812026 Page 8
MERKINCH PARTNERSHIP LTD Statement of Finanel¥l Activities for lh¢ year ended 31 Marcb 2026 Unrestrieted Restricted Funds FndS Total 2026 Total 2025 Note In¢ome and eDdowments from: t)onations and legacies Charitable activities Investment income Other income 14.146 2,692 30 10,500 73J60 87.506 2.692 30 10,500 138.513 32.826 41 5,000 Total income 27J68 73J60 100,728 176,380 Expenditure on: Charitable activities 45,192 98,613 143,805 153,369 Total ex enditure 45,192 98,613 143,805 153.369 Iyet ineome/(expenditure) before gains and losses on illi'estments (17,824) (25,253) (43,077) 23,012 Net gains/losses on investments Net incomel{expeDditure) {17,824) (25,25J} (43,077) 23,012 Transfer between funds Net movement in funds (17,824) (25353) (43,077) 23,012 Reeon¢iliatiOD of funds: Tot#1 funds brollght forw8rd 61,658 38,753 100.411 77,399 Total Funds carried forw*rd 43,834 13,5110 57J34 100,411 Page 9
MERKINCH PARTNERSHIP LTD B*lan¢e Sbeet as 8t 31 MArch 2026 Note 2026 2025 Fixed A55ets Tangible assets Other assets 934 934 Current Assets Stock in hand Debtors Cash at bank io 62,191 62,191 106.197 106.197 Current Liabilitles Trade creditors & a¢cruals li 5.791 5,786 Net Assets 57.334 100,411 Funds 12 Restricted funds Unr¢stricted funds 13,500 43,834 38,753 61,658 Total charity funds 57,334 100,411 The directors are satisfied that the ¢ompany is entiiled to exemption from the r¢quirement lo obtain an audit under section 477 of the Companies Act 2006. The members have not required the Company to obtain an audit in accordance with seclion 476 of Ihe Act. The directors acknowledge their resw>nsibilities for complying wilh ¢he requirements of ihe Companies Act 2006 with respect to accouniing records and the preparation of accounts. The charity is subject to Independent Examination under charity legislation. and the report of the Independent Examiner is on page 8. The financial statements have been prepared in accordance with the provisions in Part 15 of the Cornpanies Act 2006. applicable to companies subject to the small cornpanies regim¢. Alistair Locke Trustee Kathleen Ma¢lean Trustee Date: Page 10
MERKINCH PARTNERSHIP LTD Notes forming part of the financial Statements for the year ended 31 M4rrb 2026 IA Aceollnting policies Charity inforrnation Merkinch Partnership Ltd is a charitable company limited by guarantee incorporat¢d in Scotland. The ¢ompany is also a charity registered in Scotland with OSCR. The registered office is 30 Grant Street, Inverness, IV3 8BN. IA.1 Accounting eonventioD These financial Statements hav¢ been prepared in accordance with the Companies Act 2006. the Charities and Trustee Investment Iscotland) Act 2005, the Charities Accounts (Scotland} Regula(ions 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"}. including the provisions of section l A applicable to Small Entities and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in 2¢¢0rdance with the Finan¢ial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102). The charity is a Public Benefit Entity as defined by FRS 102. The Charity has availed itself of section 396 of the Companies Act 2006, as permitted in paragraph 4(1 } of Schedule l ol- Sl 2008 No.409. and adapted the Companies Act forniats to reflect the special nature of the charity's a¢livities. The financial statements are prepared in sterling, which is ihe functional currency of the charily. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. IA.2 Going concern At the time of approving the financial statements. the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the next 12 months.The directors are satisfied thai the charity sufficient reserves and cash io continue into the future for at least the next 12 months froTn the date of sign off. Thus the trustees ¢ontinue lo adopl the going concem b&sis of a¢¢ounting in preparing the financial statements. IA.3 Charitable fullds Unrestricied lunds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restri¢t¢d funds are subject to specifi¢ Conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the noies to the financial statements. Page11
MERKINCH PARTNERSHIP LTD Notes fonning part of the financial statements for the year ended 31 Marcb 2026 Accounting Polieies {eontinued) IA.4 Income Income is recognised when the charity is entitled lo it after any perforn)an¢e conditions have been met. the amounts can be measured reliably, and it is probable ihat income will be re¢¢iv¢d. Cash donations are recognised when receivable. Other donations are recognised once the charity has beell notified of the donation, unless perfomance Conditions require deferral of the amount. Income tax recoverable in relation to donations re¢¢ived under Gift Aid or deeds of covenant is recognised at the tim¢ of the donation. Grants. including government grants. and donations are usually recognised on receipt. unless perforniance conditions satisfy early reColt10n or deferral of the income. Income from charitable activities is recognised as it becomes receivable and represents amounis receivable for goods and services provided in the nornial course of the charity's activities. In¢ome from investments is in¢luded in the SOFA in the year in which it is r¢¢eivable. IA.5 Expenditure All expenditUTe is included on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or ¢on5tructive obligatlon to make payments to ihird parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Expenditur¢ on ¢harilable activities are those ¢osts incurred directly in advancement of the objects of the charitable company. Support cosis are ihose cosis incurred which are not connected to the charitable activity directly but indire¢tly support the achiev¢ment of those activities. Governance costs arc those incurred in conne¢tion with compliance with ¢onstitutional and statutory requirements. Suppon and governance costs are included within expenditure on charitable aclivili¢s. IA.6 Tangible fixed assets Tangible fi.xed assets are initially measured at cost and subsequently measured at cost, net of d¢preciation and any impairment losses. Dcpreciation is recognised so as to write off the Cost of a55ets less their residual values over their u%eful lives on the following bases: Office equipment IT equipmeni Sports equipment 200/0 Straight line 330/0 Straigyht line 20ty/0 Straight line Page 12
MERKINCH PARTNERSHIP LTD Notes forming part of tbe finan¢ial statements for the year ended 31 March 2026 AccountlDg Policie$ (continued) IA.7 Impairment of fjxed assets Al each reporting end date. the charity reviews the carrying amounts of ils tangible assets to detern)ine whether there is any indication that those assets have suffered an impairment loss. If any such indication exisis. the recoverable amount of the asset is estimated in order to determine the ¢xl¢nt of the impairmeni loss (if any). IA.8 Cash and cash eqllivalents Cash and ¢ash equivalents are basic financial assets and include cash in hand and deposits held at IA.9 Fio4ncial iDStrument$ The charity has elected to apply the provisions of Section I I 'Ba5ic Financial Instruments, and Section 12 '0th¢r Financial Instrnmen¢s Issues. of FRS 102 to all of its financial insiruments. Financial instruments are recognised in the charity's balance sheet when the charity becom¢s party to the contractual provisions of the instrurnent. Basic financial assets Basic financial &seis, which include debtors and ch and bank balances, are m¢asured at transaction price including iransaction costs. Impairment of financial assets Financial assets are assessed for indicators of impainnent at each reporting end dale. DereeognitjOD of finan¢lJl assets Financial assets are d¢re¢ognised only when the ¢ontractual rights to the cash flows from the asset expire or are settled. Basic finaneial ligbilities Basi¢ financial liabilities, including creditors, are re¢ognised at transaction price. IA.10 Employee benefits Employees, benefits are recognised as an expense and a liability in th¢ period in which the employee services are delivered. The cost of any unused holiday entitlement is recognised in the period in which Ihe employee's setvices are received. I1 l Retirement benefits Payments to defined ¢ontTibution retirement benefit schemes are charged as an expense as they fall due. Page 13
MERKINCH PARTNERSHIP LTD Notes forming part of the financial statemen¢$ for the year ended 31 Marcb 2026 Unrestricted Fllnd$ Restrieted Funds Total 2026 Total 2025 l - Donations and le t)onations and gifts Grants aries 14,146 73,360 87,506 138,513 14.146 73,360 87.506 138,513 HC - Engagement Challenge Fund The Scottish Government - People and CommttnitÉes Fund The Robertson Trust CMHWB 2024 LIF 2024 HC-CRF Central Ward Budgel Household Hardship Fund SIALF SGN Other donations 8,000 42,010 42,010 39,287 25,000 5,000 10,000 25,000 15,000 16,350 15,000 16,350 15.990 14,146 14,146 14,146 87,506 10,236 138.513 73,360 2- Charitable aetivitie$ Hi)[and Council employability Misc Income Peoples Postcode Trust 1,890 302 1,890 302 6.540 1,286 25,000 2,192 2,192 32,826 Page 14
MERKINCH PARTNERSHIP LTD Notes forming p4rt ol the fin¥ocial statements for the year ended 31 Mareb 2026 Unrestricted Funds Restricted Fund$ Total 2026 Total 2025 Other ncome Employers Allowance 10,500 10,51KI 5.000 10,500 10.500 5.000 4- Investment ineome Bank and deposit interest 30 30 41 30 30 5-Ex enditure and Charitable aetivitie5 Employee costs Depreciation and impairnient Other cosis on charitable activities 19,210 85 25,897 45,192 97,113 116,323 85 27,397 143,805 113,875 1,500 98,613 39,494 153,369 Anxly$is by fund Unreslricted funds Restricted funds 45,192 45,192 98,613 14.995 138,374 98,613 45,192 98,613 143,805 153.369 6-Ex enditure for other costs- Su Independent examination rt eo$t$ 3,024 3,024 3,024 3,024 3,024 3,024 7-Em Employment costs.. Wages & sa12ries Social security costs Employevs pension contribution ees 108,855 4.964 2,504 103,243 5,900 4,732 116.323 113,875 Averag¢ nuTnber of staff employed Page 15
ERKINCH PARTNERSHIP LTD Notes forming part of the fjnaneial st•temtnts for the year ended 31 March 2026 ees Cont. No trustees or persons ¢onnected with them r¢¢eived any remuneration from the charity. The key management personnel of the company include the directors and the Centre Manager. The total ernployee benefit of thc key managem¢ni personnel are £51,544 (2025.. £51.843) 8-TaD ible Fixed Assets Office IT Sports Equipment Equipment EquipmeTrt Tot41 Cost As at l April 2025 Addilions Disposals 5,095 6.644 1.019 6,213 17,952 ,019 As at 31 March 2026 5,095 7,663 6,213 18,971 Depreciation As at l April 2025 Charge for year On disposals 5,095 6,644 85 6,213 17,952 85 As at 31 March 2026 5,095 6,729 6,213 18,037 NBV al 31 March 2026 934 934 NB V at 31 Mar¢h 2025 9- Stocks The accouniing policy adopted in measuring the value of stocks was the lower of cost or net realisable value. The carrying value of stocks wa5 £nil {2025 - £nil). 2026 2025 10- Debtor5 her dcbtors and prepayments I l - Creditors Other taxation and social security Deferred Income Accruals 2,767 2,762 3,024 3.024 5,791 5.786 Page 16
MERKINCH PARTNERSHIP LTD Notes forming part of the financial statemellts for the year ended 31 March 2026 12 - Rtstricted fund$ The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. A$ at I IDeomin% Outgoillg Asat31 April 2$ Resource$ Resouree$ TraDsfers March 26 Restricted funds People and Communities Fund HTSI Mental Health & Wellb¢ing HADP Robertsons Trust CRF LIF 2024 Household Hardship SIALF 42.010 (42,010) 28,753 (19.630) (9,123) 10.000 (19,123) (1,500) (16,350) 9,123 15,000 16,350 13,500 38,753 73,360 (98,613) 13,500 Totsl funds 38,753 73,360 (98,613) 13,500 Pu oses of Restricted Funds People and Communities FuDd Funding for employability skills: poverty prevention activities and welfare refornis Initigation. The balance ¢arried forward in 2022 reflects the net book value of amounts recorded as tangible fixed assets and this will continu¢ to reduce in line with the depreciation policy. HC Cost of Living Funding for community foodbank, providing free supplies of food, cleaning materials and toiletries. Funding is lo purchase these supplies and a Iridge freezer as well as paying a ¢o-ordinator for the proj¢¢t. Page 17
MERKINCH PARTNERSHIP LTD Notes forming part of tbe finaneial statements for the year ended 31 March 2026 Pur oses of Restricted Funds cont LIF 2024 Funding for a Youth Hub PToject focussed on preventing and reducing the use of drugs and alcohol amongst young people aged 16 to 25 years. using ¢arly intervention, inlegrated approache5 and engaging hard to reach groups. HC Challenge Fllnd Funding to contribution towards staff costs for Merkinch Work Club. HADP Funding to cover the work in reducing and raising awareness of drugs and alcohol tn the area whilst improving employability. The Robertson Trust Funding towards the costs of running the Reach for the Future programme. Commoll Good Fund Funding to cover the hire of venue spacelpremises costs for our Inverness Youth Hub servi¢¢. CRF Funding for a.one Stop Shop" advice and support service for people experien¢ing poverty and disadvanlage. providing information. advice and tailored hands-on support. HTSI Mental Health & Wellbeing Coniribution towards delivering an employability skills project for people experiencing mental health issues, allocated to staff salaries. The income for this projeci has been deferred until the charity has met the performance related ¢ondition5 attached to the grant. Household Hardship Fud Funding awarded to be distributed to local families who are experiencing unemployment and living on a low income. The funding wa5 to be given out as ¢ash payments direct inlo peopl¢'5 bank accounts, ranging from £1 00 to £300 per family dependent on the number of children. The funding had to fully paid out by the end of June. SIALF Addressing the issues of loneliness, social isolation. lack of access to services and lack of resources. Addressing these issues by giving local people ihe opportunity io corne together to build their skills. confidence and capacity so that they can take ownership of the Merkinch Locality Plan, play a lead role in deliv¢ring activilies and contribute io improvemenis in their own ¢OTnrnunity. Page 18
MERKINCH PARTNERSHIP LTD r4otes forming part of tbe firtancial statements for the year ended JI Mareb 2026 13- Anal sis of net a$5ets between funds Unrestrieted Funds 2026 Restri¢ted Fund5 2026 Total 2026 Fixed assets Current a55etsl(liabilities) 43,834 13,500 57,334 43,834 13.500 57,334 Unrestricted Fulld$ 2025 Restrieted FllDd5 2025 Total 2025 Fixed assets Current asSet(liabilitles) 61.658 38,753 100,411 61,658 38,753 100.411 14 Direetors, ex No direciors were reimbursed for expenses incurred during the year (2025 - £nil). enses 15 Related Part TraThsactions Th¢r¢ were no related party transaciions during the year or the prior year. 16 TaxatjOD The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Aci 2010. Accordingly, there is no iaxation charge in these accounts. 17 Control The eompany is controlled by the Trusiees. Page 19