COMPANY REGISTRATION NUMBER: SC404186
CHARITY REGISTRATION NUMBER: SC042895
Morayvia
Company Limited by Guarantee
Unaudited Financial Statements
31 July 2025
RITSONS
Chartered Accountants
103 High Street
ELGIN
Moray
IV30 1 EB

Morayvia
Company Limited by Guarantee
Flnancial Statements
Year ended 31 July 2025
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
The following pages do not forni part of the financial statements
Detsiled statement of financial activities
21

Morayvia
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 July 2025
The trustees, who a￿ also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 Juty 2025.
ReferenGg and administratlve delails
Reglstered charity name
Morayvia
Charity reglstratlon number
SC042895
Company reglstration number SC404186
Prlnclpal offic8 and reglstered Morayvia Science and Technology Centre
offic8
Norih Road
Kinloss
IV36 3YA
The trustees
Mr R Pountney
Mr M Mair
Mr N Haggar
Mr R Main
(Resigned 3 March 20251
(Appointed 27 October 20241
Independent examiner
Alison Fionda, CA Ritsons Chartered A¢¢ountants
103 High Street
ELGIN
IV30 1 EB
Struclure. govemance and management
Morayvia is a company limited by guarantee. incorporated on 26 July 2011 and registered as a charity
with the Office of the Scottish Charity Regulator, OSCR on 27 January 2012. The company was
established under a Memorandum of Association which established the objects and powers of the
charitable company and is governed under its Articles of Association.
Appolntmenl of trustees
At each annual general meeting, the members may elect any memter to be a director, providing helshe
is willing to act. The directors may at any time appoint any member to be a director.

Morayvia
Company Limlted by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnu•d)
Year ended 31 July 2025
Objectives and activities
The objectives of the charity as set out in their govèmlng document are as follows:
The advancement of arts, heritage, culture and science by creating an aerospace visitor centre in
Moray.,
B. The advancement of citizenship and communty developmentwithin Klnloss. FOr￿S and wider Moray
ommunilies.,
C. The advancement of prlmary, secondary and higher educa￿￿.
Achlevgrnonts and performance
The financial year 1st August 2024 to 31st July 2025 was another very successful one for Morayvia.
Visitor numbers tolalled 9,938. a slight decrease from the previous year but nevertheless a more than
satisfactory number lo maintain and ensure the strength of our financial position.
The 2024-2025 season saw us remain wth the two day openlng pattem increasing to three days during
school holidays. The centre was closed during the months of November to the end of March which is
our normal pallem. Our opening times were supplemented by a busy private events programme
throughout the season when we hosted a variety of visits from local organisations and clubs at Morayvia
as well as going out into the community to support charitable events. Morayvia hosted a Macmillan
coffee moming on 28th September 2024 raising a grand total of £1,240.00 with over 150 persons
attending. Other nolable charity events include hosting the Highland Scale Model Show in October 2024,
Elgin Car Club also in October and The Kinloss Military wives choir in April 2025.
The directors decided that enty costs should remain static as they are COns￿ered sustainable and an
attractive pri¢e for families.
Our STEM programme continued to develop successfijlly with an increased number of young people
from throu9hoL)l Moray attending sessions at Morayvia. The STEM team also delivered Morayvia's
prOgraMn￿ to ￿hOolS within Moray. Morayvia's bid for funding to purchase a new van to support its
STEM work was successful.
The future ffinancial wellbeing of the museum is considered to be very stable with our basic operational
costs being covered by our self-generated income (admissions, sales and subscriptions). We rtmain
reliant on extemal financial support, mainly grants and donations to tackle any significant costs such as
improvements and repairs lo the buil¢Jing, installing more energy saving measures, developing our site
to accommodate more exhibits and improving our visitor experience by increasing the variety and
number of aviation exhibits and displays at the ￿ntre.

Morayvia
Company Llmited by Guarantee
Trustees, Annual Report {Incorporatlng the Directofs Report) (¢ontlnued)
Year ended 31 July 2025
Flnancial review
The lotal income in the year was £180,37312024 - £148,757} and the main sources of funding are
donations, sponsorship, membership fees, trading income and grants receivable. Total expenditure
amounted to £105,86612024- £91,706). resulting in a surplus for the year of £74.50712024- £57,051).
Al 31 Juty 2025 the charity had total reserves of £499,245 {2024 - £424,738). The unrestricted funds
amounted to £408.813 12024 £363.4821 and the restricted fvnds amounted to £90,432 12024
£61,256)
The directors, policy is to maintsin cash reserves at around 6 months of normal running costs in order
to meet commitments and cover any unexpeded expenditure. Cash reserves at the year end were
£61.898 and free reserves lur¢restricted cash reserves) were £58,412. If we consider the total yearly
unrestricted expenditure less depreciation there are sufficient cash rese￿eS in place lo meet this poltcy.
The directors have assessed the major risks to wh￿h the charitable company is èxposed, and are
satisfied that systems a￿ in place to mitigate exposure to the major risks.
Plans for future perlods
Mor8yvia will continue to work towards achieving accreditation status. The museum accreditation
schem8 is the UK standard for museums and galleries and there are currently around 250 accredited
museums in Scouand. Museums Galleries Scotland is the assessing organisation for museums in
Scodand.
To achieve accreditation, a museum musl meet published requlrements on:
How it is govemed and managed;
How it cares for and manages its collections;
The infomiation and services it offers to museum useTS.
Achieving accreditation status may help Morayvia to attr* financial support from exlemal sources,
show our fitness to receive sponsorship and donations, raise awareness to stakeholders and improve
our planning skills.
Our long term aim to create a flagship tourist attra¢tion in Moray remains high on Morayvia's agenda.
aEthough the limescale for achieving this aim has had to be adjusted in light of the impact of Covid. In
the shorter temi. we aim to get as many of our outdoor exhibits under cover lo preserve their longevity
and appearance.
Small Company provlslons
This ￿port has been prepared in accordan￿ with the provisions applicable to companies entitled to the
Small companies exemption.

Morayvia
Company Llmited by Guaranteè
Trustees. Annual Report (Incorporating thè Director's Report) rcontinu•d)
Year ended 31 July 2025
The trustees, annual report was approved on ..
trustees by".
and signed on behalf of the board of
Mr M Mair
Trustee

Morayvia
Company Limlted by Guarantee
Independent Examiner's Report to the Trustees of Morayvia
Year ended 31 July 2025
I report on the financial statements for the year ended 31 July 2025, which comprise the statement of
financial activities (including income and expenditure acwunt), statement of financial position and the
related notes.
Respoctivo rosponsibilltles of trustees and examlner
The charity's trustees (who are also the directors of the company for the purposes of company law) are
responsible for the preparation of the accounts in accordan￿ with the terms of the Charities and Trustee
Investment {Scollandl Act 2CM)5 and the Charities Accounts {Scollandl Regulations 2006. The charity
trustees consider that the audit requirement of Regulation 10{1lla) to (Gl of the 2006 Accounts
Regulations does not apply.11 is my responsibility to examine the accounts as required under section
44(1)(c) of the Act and lo state whether particular matters have come to my attention.
Basls of indèpendent examinefs report
My examination is carried out in aGcordance wth Regulation 11 of the 2006 Accounts Regulations. An
examination includes a review of the accounting records kept by the charty and a comparison of the
accounts presented with those records. 11 also includes consideration of any unusual items or
disclosures in the accounts, and seeks explanations from the trustees concernillg any such matters.
The procedures undertaken do r￿t provide all the eviden￿ that would be required in an audit and
consequently I do not express an audit opinion on the view given by the accounts.
Independent oxaminefs statement
In connection with my examination, no matter has come to my attention.
(1) which gives me reasonable cause to believe that in any material respect the requirements..
to keep accounting records in accordance with section 4411)(a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations, and
to prepare accounts which accord with the accounting records and comply wth Regulation 8
of the 20￿ Accounts Regulations
have not been met, or
(21 to which, in my opSnlon, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
Alison Fionda, CA
Ri150ns Chartered Accounlants
Independent Examiner
103 High Street
ELGIN
Moray
IV30 1EB
of laz126

Morayvia
Company Llmited by Guarantee
Statement of Financial Activities
(includlng income and expenditure account)
Year ended 31 July 2025
2025
Restricted
funds Total funds Total funds
2024
Unrestricted
funds
Income and endowments
Donations and legacies
Chantable activities
Other trading activities
Total income
44,184
89,389
46,800
90,984
89,389
65,161
82,381
1,215
148,757
133,573
46,800
180,373
Exponditure
Expenditure on charttable actlvlties
Total expenditurg
88,242
17,624
105,866
105,866
91,706
91,7C6
88,242
17,624
Net income and nel movement In funds
45.331
29,176
74,507
57,051
Reconclllation of fvnds
Total funds brought forward
Total funds carried forward
363.482
408,813
61,256
90,432
424,738
367,687
424,738
499,245
The statement of financial activities includes all gains and losses recognised in the year.
All incoTh and expenditure deriv8 from continuing actNities.
T￿ notes on p•ges 9 to 19 form part of these ftnanclal statements.

Morayvia
Company Limlled by Guaranlee
Statement of Financial Posltlon
31 July 2025
2025
2024
Flxed assets
Tangible fixed assets
Heritage assets
14
15
282,561
150,755
233,272
137.215
370,487
433,316
stocks
Debtors
Cash at bank and in hand
16
17
9,266
749
61,898
71,913
9,206
1,507
49,575
60,288
Cr¢dStors: amounls falling due withln one year
Nat current assets
18
5.984
65,929
499,245
499.245
6,037
54,251
Total assets18ss current liabilitles
424,738
424,738
Net assets
Funds of the charlty
Restricted funds
Unrestricted funds
90,432
408,813
61,256
363,482
Total charity funds
19
499,245
424,738
For the year ending 31 July 2025 the charity was entitled to exemption from audit under section 477 of
the Companies Act 2(X)6 relating to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of rts financial statements for the
year in question in x¢ordance wf(h section 476-
The directors acknowledge thelr responsibilities forcomplying with the requirement5 of the Act with
respect to accounting records and the prePa￿tiOn of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
The statement of financial position
continues on the following page.
Th• notes on pages 9 to 19 fomi part of these fin•nelal stat8monts.

Morayvia
Cotnpany Limited by Guarantee
Statoment of Financial Positlon rconllnu•dJ
31 July 2025
These
nancial statements were approved by the board of trustees and aulhorised for issue on
20.&6 , and are signed on behalf of the board by..
Mr M Mair
Trustee
The notes on paggs 9 to 19 fomi part oft￿se Ilnanclat SL￿•M8nts.

Morayvia
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 July 2025
General infonnatlon
The charity is a public benefit entity and a private company1Smited by guarantee, registered in
Scotland and a registered charity in Scotland. The address of the registered office is Morayvia
Science and Technology Centre, North Ro&J, Kinloss, Moray, IV36 3YA.
Slatement of Compllance
These financial statemnts have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the LIK and the Republic of Ireland,, the Statement ol
Recomrnended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Stsndard applicable in the UK and Republ￿ of Ireland (FRS 1021 (Charities
SORP IFRS 102}l and the Companies Act 2006.
Accountlng policieg
Basis of prèparation
The financial slatetTEnts have been prepared on the historical cost basis. as modified by the
valuation of certain financial assets and liabilities and investment properties meas￿red at fair
value through income or expenditure.
The financial statements are prepared in sterling, whi¢h is the functional currency of the entity.
Golng concern
At the time of approving the accounts, the directors have a reasonable expectation that the
charitable company has adequate resources to continue in operalional existen￿ for al least the
next 12 months and the trustees have not identified any material uncertainties with regards to the
abllity of the Charity to continue. Thus the diwtors continue to adopt the going con￿rn basis of
accounting in preparlng the accounts.
Judgements and key souiGas of &stimatlon uncertainty
The directors consider that there are no judgements. estimates and underlying assumptions which
have a significant risk of causing a material adjustment lo the Carrying amount of assets and
Fund accounting
Unreslri¢led fijnds atB available ft)r use at the discretion of the directors in furtherance of the
charity's objectives unless the funds have been designated for other purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
temis of an appeal. The purposes and uses of the restricted funds are set out in the notes to the
accounts.

Morayvia
Company Limited by Guarantee
Notes to the Flnancial Statements l¢onUnu8d)
Year ended 31 July 2025
Accounting policies (Gondnu
Incoming resourGgs
All income is included in the statement of ffinancial activities when entitlement has passed lo the
chartty, it is probable that the economic benefrts associated with the transa￿lon will flow lo the
chartty and the amount can be reliably measured. The following specific policies are appl￿d to
particular categories of income..
income from donations or grants is recognised when there is
eVIden￿ of entitlement to the gift, receipt is probable and its amount can be measu￿￿ reliably.
income from trading activities includes income earned from fundTrising events and trading
activities to raise funds for the charity and is recognised with the delivery of the contracted service.
This is classified as unreslricled funds unles5 there is a contractual requirement for it to be spent
on a particular purpose and returned if unspent, in which case it may be regarded as restr￿ted.
Résources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fvlly recovered, and is dassified under headings of the statement of financial
actNities to which it relates..
expenditu￿ on raising funds includes Ihe costs of all fundraising activities. events, non~
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charty in undertaking
activities that further its charitable aims for the benefit of ils beneficiaries, including those
support costs and costs relaling to the goveman¢e of the charity apportb)ned to charitable
activities.
other expenditure Includes 811 expenditure that is neither related lo raising fijnds for the charlty
nor part of its expenditure on char¢table activities.
All costs are allocated lo expenditure categories reflecting the u$e of the resoLtrce. Direct costs
attributable to a single activty are allocated directty to that activity. shar￿ costs are apporboned
between the activities they contrlbuts to on a reasonable, justifiable and ¢onsistsnl basis.
Tangibl& assets
Tangible assets are initialty recorded atcost, and sub$equenly stated atcost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded
at the fair value at th8 date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impaimient losses.
An increase in the carrylng amount of an asset as a ￿su￿ of a revaluation. is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of finantial activities, A decrease in the carying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses.
except to which it offsets any previous revaluation gain, in which case the loss is showr¢ within
other wognised gains and losses on the statement of financial activities.
10

Morayvia
Company Limited by Guarantee
Notes to the Flnancial Statements (¢onVnued)
Year ended 31 July 2025
Accountlng policies (¢ontlnu•dJ
Depreciation
Depreciation is calculated so as to write off the eost or valuation of an asset. less its resldual value,
over the useful economic life of that asset as follows..
Leasehold improvements
Plant and machinery
Motor vehicles
Computers
50kn straight line
20Qfi straight line
25Qh reducing balance
20.fi straight line
Hgrltage assgts
The heritage assets have been capf(alised al actual cost or deemed cost with consideration to
market value. They represent assets of importance which are held to advance the objeclives of
the charity. No depreciation is charged on heritable assets as the directors consider that due to
Ihe impact of residual values, any resulting depreciats'on would be immaterial.
Impalmient of flxed assets
A review for indicators of impaimient is carried out al each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount the asset is impaired accordingly. Prior impaimients are also reviewed for
possible reversal at each reporting date.
Stocks
stocks are measured at the lower of cost and estimated selling price less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs incutyed in bringing
the stock to its FKesent lorAtion and condition.
Financial instrurnonts
A financial asset or a fin2nci81 liability is recognised only when the entity becomes a paty lo the
contractual provisions of the instrument.
Basic financial instruments are inits'ally recognised at the arTh)unt ¢Eceivable or payable including
any related transaction costs, unle$s the arrangement conslitutes 8 financing transadion, where it
is recognised at the present value of the future payments dI￿ounted at a market rate of interest
for a similar debt instrument.
Cu￿ent assets and current liabilthes are subsequenlty measured al the Cash or other consideration
expected k) be paid ￿ received and not discounted.
Limited by guarant00
The company Is limlted by guarantee and does not have share capital.
11

Morayvia
Company Limited by Guarantoe
Notes to the Flnanclal Statements (continuéd)
Year ended 31 July 2025
Donations and legacias
Unrestricted
Funds
Restrfcted Total Funds
Funds
2025
Donations
Donations and sponsorship
Donation of goods
2.248
40,000
2,248
40.000
Grants
Other geneTrl grants
46,800
46,800
Subscriptlons
Membership fees
1,936
44,184
1.9
90.984
46,800
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Donations and sponsorship
Donation of goods
5,008
1,086
6,094
Grants
Other general grants
56.200
58.2IXJ
Subscriptions
Membership fees
2,867
7,875
2,867
65,161
57.286
Charltabl8 activitios
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Visitor centre
89,389
89,389
82,381
82,381
Othèr trading actlvltles
Unrestricted Total Funds Unrestiioted Total Funds
Funds
2025
Funds
2024
Other in¢ome
1.215
1,215
12

Morayvla
Company Llmited by Guarantee
Notes to the Financial Statements (conttnuod)
Year ended 31 July 2025
Expendlture on Charitable actlvities by fund typ•
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Visitor centre
Support costs
10,796
77,446
88.242
10,7
95,070
105,866
17,624
17,624
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Visitor centre
Support costs
7,891
69.447
7,891
83,815
14,368
77.338
14,368
91,7C6
Expenditur• on charllablo activiti¢$ by actlvity type
Activities
undertaken
dIre￿Y
Support Total funds
costs
2025
Total fund
2024
Visitor centre
Governance cosls
10.796
91,191
3,879
95,070
101,987
3,879
87,835
3,871
10.796
105,866
91,706
10. Analysls of support cosls
Support Govemance
costs
costs
2025
2024
Depreciation
Insurance
Heat and light
Printing, postage,
telephone and
stationery
Repairs and
maintenance
Sundry & Oonations
Vehicle and travel
expenses
Rent and rates
Accountancy
39,982
7,908
9,526
39.982
7,gD8
9,526
23,020
7,197
18,213
1.567
1,567
1,041
11,360
17,285
11,360
17,885
11,444
16,484
2,363
1,200
2,363
1,200
3,879
3,345
1,200
3,871
3,879
91,191
3,879
95,670
83,815
13

Morayvia
Company Limited by Guarantee
Notes to the Financial Ststements {eoniinu•d)
Year ended 31 July 2025
11. Net incom8
Nel income is stated after charglngl(crediting}-
2025
2024
Depreciation of tangible fixed assets
39,982
23.020
12. Independent examinatlon fees
2025
2024
Fees payable to the independent examiner for..
Independent examination of the financial statements
Other assuran￿ seNices
3,695
185
3,518
353
3,880
3,871
13. TTUStee romun¢ratlon and oxpen$gS
None of the directors {or any persons connected with them) re￿iVed any ￿muneration or benefits
during the current or prior y8ar. However. directors have been relmbursed for purchases.
poslage and repairs incurred totalling £NIL12024- £879).
14. Tanglble Ilxed assets
Leasehold Plant and
improveThnts machinery
Motor
vehicles Equipment
Total
Al 1 August 2024
Addilions
265,518
74.456
42.471
116.927
26,630
46,800
73,430
4,834
371,436
89,271
At 31 July 2025
Depreclation
At 1 August 2024
Charge for the year
At 31 July 2025
Carrying amount
At 31 July 2025
At 31 July 2024
265,516
4,834
460,707
52,496
13,276
58,294
13,414
24,131
12,325
3,243
967
138,164
39,982
65,772
71,708
36,456
4,210
178,146
199,744
45.219
16,162
36,974
2,499
624
282.561
233,272
213,020
1,591
15. Herltsgo a550ts
Heritage Assets held by the Charity consist of various aircraft and other relaled items which are on
display at the business premises.
14

Morayvia
Company Limited by Guarantee
Note5 to the Flnancial Statements (cotrflnued)
Year ended 31 July 2025
15. Herltsge assèts (￿ntInued)
Herttage
asset I
Cost or valuation
At 1 August 2024
Additions
137,215
13,540
150,755
At 31 July 2025
Accumulat9d dapreciatlon
At 1 August 2024 and 31 July 2025
Carrylng amount
At 31 July 2025
At 31 July 2024
150,755
137,215
Acquisition of ffxed assets such as heritage display items exceeding £2,000 is normally to be by
agreement of the directors, and where possible at a directors meeting. Ex￿pIlOn?1Iy, the
Chairman and his deputy are empowered to make purchases of display items provided they have
secured a Sour￿ of funding lo cover, or the deposit required to secure, such a purchase. They
are to inform the t￿ard at the earliest opportunity when such agreements have been entered into.
Authority for the acquisition of heritage display items of tess than £2,000 is delegated to the Vi
Chairman, who is to infomi the board of such purchases at the earliest opportunity-
Heritage assets may only k disposed of by agreement of the directors, where possible al a
directors, meeting. Proceeds from any sales are to be relumed to the company's bank account,
ideally by direct transfer. Where disposal of assets is by means of an exch3T)ge, the ChaimTrn
and his deputy are empowered to make such decisions where it can be demonstrated lo be in the
interests of the charitable company.
Heritage items are to b8 maintained in 8 mannerwhich minimises deterioration, and, ideally. should
be housed in conditions conducive to their preservation. The VI￿-chairMan ts responsible for
implerrEnting a systern of husbanclry and maintenance for aircraft and related support equipment
items.
Summary of transaclions
2025
2024
Included in the statement of financial posltlon
Purchases
Total additions
13.540
13,540
16. StoGks
2025
2024
Finished goods and goods for resale
5,206
15

Morayvia
Company Limitsd by Guarantee
Notes to the Financial Slatements (conthiuedj
Year ended 31 July 2025
17. Debtors
2025
2024
Prepayments and accwed income
Other debtors
758
749
749
749
1,507
18. Cr•ditors- amounts la151ng due within one year
2025
2024
Accruals and deferred income
other creditors
Other creditors- Mr Mair
3,969
255
1,760
5,984
4,022
255
1,760
6,037
19. Analysis of charitable funds
Unr•$trict6d funds
At
1 August
2024
Al
31 July
2025
Income Expenditure
Transfers
General funds
363,482
133,573
(88,2421
408,813
At
1 August
2023
At
31 July
2024
Income Expenditure
Transfers
General fvnds
351,593
91,471
177,3381
{2,244}
363,482
16

Morayvla
Company Limited by Guarantee
Notes to the Flnancial Statements (contlnu8dJ
Year ended 31 July 2025
19. Analysls of chaiitsblè funds (contlnu8d)
Restricted funds
At
1 August
2024
At
31 Juty
2025
Income Expenditure
Transfers
Sea Prince Fund
HIE Development
Manager Fund
Wide Format Printer
Fund
TSI - Solar panels
Tsi - Electricty bill relief
Tsi - Sust8inable
infrastructure Upgrades
Tsi - R¢)of repair and
infrastwcture restoration
BARG- VVhir￿lnd
project
Just Transition
2,400
2,400
10,270
47,500
13,4241
12,5001
45,000
1,086
1,086
35.ICK)
46,800
111,7001
117,6241
61,256
46,800
90.432
At
1 August
2023
At
31 July
2024
Income ExK*nditure
Transfers
Sea Prince Fund
HIE Development
Manager Fund
de Format Printer
Fund
TSI - Solar panels
TSi- Electricty bill relief
TSi- Sustainable
infrastructure Upgrades
TSi- Roof repair and
infrastructure ￿$torali0n
BARG - Vvhirlwind
project
Just Transition
2,400
2,400
12,244)
2.244
13,694
13,424)
12,5001
12,8001
10.270
47,500
SO,DOO
2,800
1,400
11,4aoi
2,000
12,000)
1,086
1,086
16,094
57,286
114,3681
2,244
61.256
17

Morayvia
Company Llmited by Guarantee
Notes to the Financlal Statements {coFAlTrugd)
Year ended 31 July 2025
19. Analysis of charitsble funds (conttnuedj
The Sea Prin¢e project fund represents donatlons received to be spent on acquiring a Se8 Princè
in the fvlure.
The HIE and Beatrice Partnership Development Manager Fund represents funding for a
development manager. Funding is released quarterty and wages are paid using the funding as it
is re¢eived. Repayment of advance salary clalm In the year.
The Wide Fomial Printer Fund represents funding received to purchase a wide fomxt printer.
expenditure relates to the restricted deprecation.
Tsi Solar panel grant was received to purchase and install solar panels on the building, this was
completed within the year.
Tsi Electricity bill relief was received to supportthe thartty with their electricity expenses. The grant
was fvlly spent in the year.
Tsi Sustainable infrastruelure upgrades grant receDied to pay towards the purchase of LED lights.
The grant was fully spent in the year.
Tsi Roof repair and infrastructure restoration grant received to help pay for the expenses relating
to the roof leak damages. The grant was fully spent in Ihe year.
BARG Whirlwind project grant was received for the restoration of the whir￿1nd
Just Transition on behalf of tsimoray grant was received for the purchase of a new van. The granl
was spent in the year.
20. Analysls of net assets betwegn funds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Heritage assets
Current assels
Creditors W than 1 year
Net assets
195.615
150,755
68,427
(5,984)
408,813
86,946
282.561
150.755
71.913
5,984}
499.245
3,486
90,432
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Heritage assels
Current assets
Creditors less than 1 year
Net assets
175,502
137,215
56.802
{8,037)
363,482
57,770
233,272
137,215
60.288
(6,037)
424,738
3,486
61,256
18

Morayvia
Company Limited by Guarantee
Notes to the Financial Statements {¢onllnu¢dJ
Year ended 31 July 2025
21. Volunteers
The skills and expertise that volunteers contribute to Morayvia are wlde ranging. Throughout the
year, volunteers meet at Morayvia every Monday and Thursday to carry out renovation, reslDration
and maintenance work. From April to October each year, when open to the public, volunteers
whose expertise lies irs retail work and acting as guides attend each Saturday and Sunday.
Engineering, retail xtwities, visitor guiding. gardening, janitorial and building maintenance,
Painting, plumbing and joinery are the main skills that volunteers bring to Morayvia.
19

Morayvia
Company Limlted by Guarantee
Management Informatlon
Year ended 31 July 2025
The following pages do not form part of the flnanclal statements.

Morayvia
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 July 2025
2025
2024
In¢ome and endowments
Donatlons and legacies
Donations and sponsorship
Donation of goods
other general grants
Membership fees
2,248
40,000
46,800
1,936
6.094
56,200
2,867
90,984
65.161
Charltable actlvllles
Visitor centre
89,389
82,381
Other Iradlng actlvltles
other income
1,215
Total income
180,373
148,757
Expgnditure
Expenditure on charitablg actlvities
Opèning stock
Purchases
Closing stock
Rent
LwJht and heat
Repair5 and maintenance
Insurance
Motor vehiele expenses
other motornravel costs
Legal and professional fees
Telephone
Dep￿CIation
Subscriptions
Sundry
9,206
10,856
9,266
1.200
9,526
11,360
7,908
2,363
8,722
8,375
9,206
1,200
16,213
11,444
7,197
2,973
372
3,871
1,041
23,020
1,298
15,186
3,879
1,567
39,982
758
16,527
105,866
91,706
Total expendlture
105,866
91,706
Net Income
74,507
57.051
21