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 prO￿amme 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 t￿rd. 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
F￿ndS
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 reCo￿lt10n 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 c￿h 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.
I￿1 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 Fu￿d
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