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← Kyle & Lochalsh Community Trust

2025-07-31-accounts

Amended

KYLE & LOCHALSH COMMUNITY TRUST

Contents of the Financial Statements for the Year Ended 31 July 2025

Page Page
Report ofthe Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 25
DetailedStatementofFinancialActivities 26 to 27

KYLE & LOCHALSH COMMUNITY TRUST

Report of the Trustees for the Year Ended 31 July 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Trust has been formed to benefit the community of Kyle and Lochalsh, Ross-shire as defined by the following postcodes districts IV53, IV52 and IV40 (excluding all postcodes in the Island of Raasay) and postcode IV41 8PG. The charity's main purpose is to exercise sustainable development in these districts by namely:

Public benefit

Kyle & Lochalsh Community Trust is a public benefit entity.

Page 1

KYLE & LOCHALSH COMMUNITY TRUST

Report of the Trustees for the Year Ended 31 July 2025

ACHIEVEMENTS AND PERFORMANCE

Early in 2025 we welcomed our new Trust Manager, Sarah Byrne., who joined us from Stratherrick and Foyers Community Trust. Sarahis skills and experience have had a positive impact on our work in a very short time. We are grateful to Gareth Morgan, who temporarily stepped down as Trustee to manage the Trust during the recruitment period.

Our most important project this year has been the process of securing the community asset transfer from Forest and Land Scotland. This is for land at Ratagan and Saraig for affordable housing, small business units and the development of woodland crofts. The ongoing work is in collaboration with Loch Duich Community Council and there have been several public engagement events as the plan evolves. We are confident that the transfer will go ahead later this year. We are very grateful for Loch Duich Community Councilis support with this project. Kyle toilets, showers and laundry facilities continue to be important assets for local people and visitors. The Trust is committed to their retention and upkeep, although the challenges of their being housed in an old building continue. We plan to do much needed repair and refurbishment over the next year.

The Lochalsh Reuse and Recycle Hub has now becomea fixture in Kyle and we are grateful to everyone who helps to ensure that we keep food, clothes and other goods away from landfill. This year over 8,000 kg of foods was saved from landfill. The Plock continues to be one of our most important assets. There has been an improvement in community access and biodiversity activity in recent years. To underpin the sustainability of The Plock, a successful funding application to the National Lottery Heritage Fund has allowed us to establish a small scale College of the Environment and Traditional skills to continue the excellent work that has been done to date. We are re-thinking the viability of building a traditional Long House, due to rising building costs and whether this is the best way to evolve and sustain this precious and well supported community asset. We are grateful for the funding offer from SSEN for the building work and for continuing helpful discussions regarding the viability of the project. Like many community organisations, we are working in an increasingly fragile funding environment. However we will continue to be ambitious on behalf of the community and its needs.

FINANCIAL REVIEW

Principal funding sources The charity's principal sources of funding during the year were:

Co-operative Community Fund

Heritage Lottery Fund Highlands & Islands Enterprise Highland Council Community Regeneration Fund Rural Housing Fund Scottish Land Fund Highlands & Islands Climate Hub Robertson Trust Energy Saving Trust

Page 2

KYLE & LOCHALSH COMMUNITY TRUST

Report of the Trustees for the Year Ended 31 July 2025

FINANCIAL REVIEW

Reserves policy

The Board has examined the requirement for free reserves which are those unrestricted funds not invested in fixed assets, designated for specific purposes, or otherwise committed. To allow the Trust to maintain its operational capacity the members consider that this should be not less than three months running costs.

At the balance sheet dated unrestricted free reserves stood at £42,733 (2024 - £122,277), which represents two months running costs. The Board recognises that this is less than the preferred level of reserves but is confident that the position will improve in the following twelve months. The main factor in the drop in free reserves was professional fees incurred in relation to the Plock Longhouse project, which has now been put on hold as per note 14 to the financial statements

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees Additional directors may be appointed by the majority decision of the Directors. Unless otherwise determined by special resolution, the minimum number of Directors shall be three and the maximum number of Directors shall be eleven.

Organisational structure

The structure of the organisation consists of members and the board:

Members - comprising Ordinary members (who have the right to attend the AGM and any EGM and have important powers under the Articles and the Companies Act, to elect people to serve as trustees and take decisions in relation to any changes to the articles). Ordinary members are those individuals aged 16 and over and who are: (a) ordinarily resident in the Community; and (b) entitled to vote at a local government election in polling district that includes the community or part of it; and (c) in support of the purposes of the charity.

Associate members (individuals and organisations that are not ordinarily resident in the community) and Junior members (those individuals aged 12 to 15) are neither entitled to stand at elections nor vote at any general meeting.

Board - who hold regular meetings between each AGM, set the strategy and policy of the Trust, generally control, and supervise the activities of the Trust and, in particular, are responsible for monitoring its financial position and, where there are no employees or managers appointed, are responsible also for the day-to-day management of the Trust.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number SC430036 (Scotland)

Registered Charity number 043360

Page 3

KYLE & LOCHALSH COMMUNITY TRUST

Report of the Trustees for the Year Ended 31 July 2025

Registered office

Taigh Fearna Lochalsh Business Park Auchtertyre IV40 BEG

Trustees

Mrs M A Byrne Mrs A Campbell Mrs A L Macdermid (resigned 22.9.25) Ms C M Maguire A Mackenzie WRoe

Independent Examiner

Karen Kennedy CA Kennedy Accountancy & Bookkeeping Services Limited Taigh Fearna Lochalsh Business Park Auchtertyre Highland IV40 BEG

Solicitors

J & H Mitchell LLP 51 Atholl Road Pitlochry PH16 5BU

Bankers

Bank of Scotland The Mound Edinburgh EH1 1YZ

Page 4

KYLE & LOCHALSH COMMUNITY TRUST

Report of the Trustees for the Year Ended 31 July 2025

EVENTS SINCE THE END OF THE YEAR

Following detailed design and cost planning, it has become clear that the original Longhouse proposal, envisaged as a traditionally constructed heritage building using stone, turf and thatch, has experienced significant cost escalation beyond what can reasonably be delivered within the current funding landscape.

In parallel, discussions with SSEN Transmissions Regional Fund have concluded that, as the project evolved in response to these challenges, it no longer aligned sufficiently with the original funding criteria. As a result, the funding offer has been withdrawn.

While this is disappointing, we fully understand the rationale behind the decision and are grateful to SSEN for their engagement and support throughout the process. We also appreciate their openness to future proposals that align with their priorities.

As a Trust, we have a responsibility to ensure that any project we take forward is deliverable, represents good value, and does not expose the organisation to undue financial or operational risk. Given the scale of cost increases, driven by the specialist materials and skills required for a heritage build, it would not be responsible to proceed with the project in its current form at this time.

We would like to place on record our sincere thanks to Patrick Ullman-Campbell, who led the original application and has worked tirelessly to develop a strong and ambitious proposal rooted in the heritage and identity of the area.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 22. foal. 2028. and signed on its behalf by:

oA — peg

Page 5

Independent Examiner's Report to the Trustees of KYLE & LOCHALSH COMMUNITY TRUST

| report on the accounts for the year ended 31 July 2025 set out on pages seven to twenty five.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit Opinion on the view given by the accounts.

Independent examiner's 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

have not been met; or

Karen Kennedy CA The Institute of Chartered Accountants of Scotland

Kennedy Accountancy & Bookkeeping Services Limited Taigh Fearna

Lochalsh Business Park Auchtertyre Highland IV40 8EG

Date: Bf G26

Page 6

KYLE & LOCHALSH COMMUNITY TRUST

Statement of Financial Activities

for the Year Ended 31 July 2025

31.7.25 31.7.24
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ a
INCOME AND ENDOWMENTS FROM
Donations and legacies 316 1 317 20,441
Charitable activities
Charitable activities - - - 95
Sustainable development of Kyle &
Lochalsh 96,948 44,035 140,983 320,179
Delivering Plock Master Plan - 122,848 122,848 19,610
Other trading activities 2 32,339 - 32,339 20,698
Total 129,603 166,884 296,487 381,023
EXPENDITURE ON
Charitable activities
Support costs 100,829 - 100,829 41,477
Governance costs 6,227 - 6,227 25,993
Sustainable development of Kyle &
Lochalsh 121,378 86,851 208,229 289,224
Delivering Plock Master Plan - 49,178 49,178 36,987
Total 228,434 136,029 364,463 393,681
NET INCOME/(EXPENDITURE)
Transfers between funds		 12 (98,831)
7,897		 30,855
(7,897)		 (67,976)
-		 (12,657)
-
Net movement in funds (90,934) 22,958 (67,976) (12,657)
RECONCILIATION OF FUNDS
Total funds brought forward 482,058 141,548 623,606 636,263
TOTALFUNDSCARRIEDFORWARD 391,124 164,506 555,630 623,606

The notes form part of these financial statements

Page 7

KYLE & LOCHALSH COMMUNITY TRUST

Balance Sheet 31 July 2025

31.7.25 31.7.24
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 8 348,389 66,485 414,874 432,354
Investments 9 2 - 2 2
348,391 66,485 414,876 432,356
CURRENT ASSETS
Debtors 10 15,094 - 15,094 10,600
Prepayments and accrued income 25,815 5,944 31,759 72,109
Cash at bank and in hand 24,220 113,876 138,096 135,770
65,129 119,820 184,949 218,479
CREDITORS
Amounts falling due within one year 11 (22,396) (21,799) (44,195) (27,229)
NETCURRENTASSETS 42,733 98,021 140,754 191,250
TOTAL ASSETS LESS CURRENT
LIABILITIES 391,124 164,506 555,630 623,606
NETASSETS 391,124 164,506 555,630 623,606
FUNDS 12
Unrestricted funds 391,124 482,058
Restricted funds 164,506 141,548
TOTALFUNDS 555,630 623,606

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

Page 8

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KYLE & LOCHALSH COMMUNITY TRUST

Balance Sheet - continued

31 July 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on seevenseeeke BAN 22 2S... and were signed on its behalf by:

, Sp - - ‘ ca

The notes form part of these financial statements

Page 9

KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements for the Year Ended 31 July 2025

  1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Pontoons & toilets - 4% straight line Toll Office - 2% straight line Plant & machinery - 15% reducing balance Fixtures & fittings - 25% reducing balance Computer equipment - 33% straight line Motor vehicles - 25% reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

  1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

OTHER TRADING ACTIVITIES
31.7.25 31.7.24
£ £
Advertising 2,500 3,128
Rental of Land at Ploc 1,100 1,200
Consultancy & Reports 15,026 3,912
Sale of scythes - 1,349
Car charging income 13,713 11,109
32,339 20,698
3. NET INCOME/(EXPENDITURE)
Netincome/(expenditure)isstatedaftercharging/(crediting):
31.7.25 31.7.24
£ £
Depreciation - owned assets 26,884 27,614
  1. TRUSTEES’ REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.

Trustees’ expenses

There were no_ trustees' expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024.

Page 11

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Notes to the Financial Statements - continued for the Year Ended 31 July 2025

KYLE & LOCHALSH COMMUNITY TRUST

  1. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.7.25 31.7.24
Trust Manager 1 1
Finance & Administration Officer 2 1
Community Development Officer 4 1
Heritage & Young People Officer 1 1
Education Officers 3 1
Facilities Manager 1 1
Traditional Growing Tutor 1 1
Community Champion 1 1
Cleaning Staff P/2 _ 2 2
__13 __10

No employees received emoluments in excess of £60,000.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 20,243 198 20,441
Charitable activities
Charitable activities - 95 95
Sustainable development of Kyle &
Lochalsh 106,669 213,510 320,179
Delivering Plock Master Plan - 19,610 19,610
Other trading activities 16,786 3,912 20,698
Total 143,698 237,325 381,023
EXPENDITURE ON
Charitable activities
Support costs 35,319 6,158 41,477
Governance costs 25,993 - 25,993
Sustainable development of Kyle &
Lochalsh 85,006 204,218 289,224
Delivering Plock Master Plan - 36,987 36,987
Total 146,318 247,363 393,681
NET INCOME/(EXPENDITURE) (2,620) (10,038) (12,658)
Transfers between funds 45,430 (45,429) 1
Netmovement in funds 42,810 (55,467) (12,657)
Page12 continued...

KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

  1. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
continued
Unrestricted Restricted Total
funds funds funds
£ £ £
RECONCILIATION OF FUNDS
Total funds brought forward 439,248 197,015 636,263
TOTAL FUNDS CARRIED
FORWARD 482,058 141,548 623,606
  1. PROFESSIONAL FEES

Included within professional fees are fees of 51,482 which related to the Plock Longhouse project. These fees would usually be capitalised as assets under construction, but have been left in the SOFA in light of the fact the Longhouse project is not going ahead in its current form, as per note 14 to the financial statements.

8. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Freehold
property		 Short
leasehold		 Plock of
Kyle		 Plant and
machinery
£ £ £ £
COST
At 1 August 2024 332,272 93,091 76,619 87,804
Additions - - . 9,404
At 31 July 2025 332,272 93,091 76,619 97,208
DEPRECIATION
At 1 August 2024 118,973 10,509 (1,793) 44,040
Pontoon and Toilets charge for 13,290 1,862 - 8,193
At 31 July2025 132,263 12,371 (1,793) 52,233
NET BOOKVALUE
At 31 July 2025 200,009 80,720 78,412 44,975
At31July2024 213,299 82,582 78,412 43,764

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KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

8. TANGIBLE FIXEDASSETS- continued
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 August 2024 3,222 31,098 5,660 629,766
Additions - - - 9,404
At 31 July 2025 3,222 31,098 5,660 639,170
DEPRECIATION
At 1 August 2024 3,320 17,979 4,384 197,412
Pontoon and Toilets charge for 260 3,279 - 26,884
At 31 July 2025 3,580 21,258 4,384 224,296
NET BOOK VALUE
At 31 July 2025 (358) 9,840 1,276 414,874
At 31 July 2024 (98) 13,119 1,276 432,354
9. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£
MARKET VALUE
At 1 August 2024 and 31 July 2025 2
NET BOOK VALUE
At 31 July 2025 2
At31July2024 2

There were no investment assets outside the UK.

There were no investment assets outside the UK.

The companyis investments at the balance sheet date in the share capital of companies include the following:

Kyle & Lochalsh Trading Limited Nature of business: Operation of trading activities

Class of share: Ordinary Shareholing %: 100

The company was dormant for the year 1st August 2024 to 31st July 2025.

Page 14

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KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued
for the Year Ended 31 July 2025
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.25 31.7.24
£ £
Trade debtors 15,094 10,600
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.25 31.7.24
£ £
Trade creditors 3 (3)
Social security and other taxes 1,460 6,359
Other creditors 20,110 9,873
Accruals and deferred income 851 -
Defered income 21,771 11,000
44,195 27,229

Page 15

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KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

12. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.8.24 in funds funds 31.7.25
£ £ £ £
Unrestricted funds
General fund 138,942 (84,906) 7,897 61,933
Designated Fund - Plock of Kyle 90,136 - - 90,136
Designated Fund - Community
Facilities
& Pontoons		 199,861 (13,373) - 186,488
Designated Fund -Delivering Plock
Master Plan 53,119 (552) - 52,567
482,058 (98,831) 7,897 391,124
Restricted funds
HIE Chief Officer 20,168 4,067 - 24,235
Scottish Land Fund - Community
Acquisition ofThe Plock of Kyle
and former Toll Office (18) (675) - (693)
Coop Community Fund -
Engagement Events 2,660 (2,260) 445 845
Scottish Land Fund - Plock Project
Officer		 - 142 - 142
Grow Wild - Wildflowers & Fungi on
The Plock (123) (95) - (218)
Foundation Scotland - Grant for
Disabled Assess to theToll Office - (38) - (38)
Energy Savings Trust - Car
Charger - 110 - 110
Paths for All
- Access
Improvements 5,561 121 (4,782) 900
Investing In Communities -
Lochalsh Collaborates
SSE - Viking Living Villiage		 333
775		 (23)
-		 (308)
-		 2
775
Adapt& Thrive 5,382 (75) (5,083) 224
Developing Plock Master Plan -
Others 2,468 (67) - 2,401
HIE Tourism Infastructure Fund
Delivering Plock Master Plan -		 - (501) - (501)
National Lottery Heritage Fund 31,150 67,056 - 98,206
Delivering Plock Master Plan -
National Lottery Community Fund 18,987 (521) - 18,466
Branching out 1,295 (194) - 1,101
Inspiring Scotland 16,586 (3,800) - 12,786
Princes Countryside Fund -
Traditional Constructions skills
Highlands and Islands Environment		 564 (400) (164) -
Foundation 618 (618) - -
Highland Alcohol & Drugs
Partnership
Highland Council Community		 10,564 (10,564) - -
Regeneration Fund, Fund 2 10,528 (10,716) 188 -
Mental Health Wellbeing Fund 6,464 (6,464) - -
Page16 continued...

KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

12. MOVEMENT IN FUNDS - continued
Pebble Trust 800 - (800) -
Rural Housing Fund 3,668 (3,674) 6 -
Scottish Land Fund 3,118 (5,826) 2,708 -
Co-op Community Fund 2 - 107 (107) -
Bord na Gaidhlig - 3,263 - 3,263
Baillie Gifford - 1,000 - 1,000
Bruce Wake Charity Trust - 1,500 - 1,500
141,548 30,855 (7,897) 164,506
TOTALFUNDS 623,606 (67,976) - 555,630

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KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 129,604 (214,510) (84,906)
Designated Fund - Community
Facilities
& Pontoons		 - (13,373) (13,373)
Designated Fund -Delivering Plock
Master Plan (1) (551) (552)
129,603 (228,434) (98,831)
Restricted funds
HIE ChiefOfficer 21,009 (16,942) 4,067
Scottish Land Fund - Community
Acquisition ofThe Plock of Kyle
and former Toll Office (1) (674) (675)
Coop Community Fund -
Engagement Events - (2,260) (2,260)
Scottish Land Fund - Plock Project
Officer - 142 142
Grow Wild - Wildflowers & Fungi on
The Plock (1) (94) (95)
Foundation Scotland - Grant for
Disabled Assess to theToll Office - (38) (38)
Energy Savings Trust - Car
Charger 4,344 (4,234) 110
Paths for All - Access
Improvements - 121 121
Investing In Communities -
Lochalsh Collaborates - (23) (23)
Adapt & Thrive - (75) (75)
Developing Plock Master Plan -
Others 4 (68) (67)
HIE Tourism Infastructure Fund - (501) (501)
Delivering Plock Master Plan -
National Lottery Heritage Fund 117,086 (50,030) 67,056
Delivering Plock Master Plan -
National Lottery Community Fund - (521) (521)
Branching out - (194) (194)
Inspiring Scotland - (3,800) (3,800)
Princes Countryside Fund -
Traditional Constructions skills (400) - (400)
The Robertson Trust 11,000 (11,000) -
Highlands and Islands Environment
Foundation - (618) (618)
Highland Alcohol & Drugs
Partnership		 - (10,564) (10,564)
Highland Council Community
RegenerationFund,Fund2 6,602 (17,318) (10,716)

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KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

==> picture [427 x 140] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |12.|MOVEMENT|IN|FUNDS|-|continued| |Mental|Health|Wellbeing|Fund|-|(6,464)|(6,464)| |Rural|Housing|Fund|(3,519)|(155)|(3,674)| |Scottish|Land|Fund|-|(5,826)|(5,826)| |Co-op|Community|Fund|2|5,000|(4,893)|107| |Bord|na|Gaidhlig|3,263|-|3,263| |Baillie|Gifford|1,000|-|1,000| |Bruce|Wake|Charity|Trust|1,500|-|1,500| |166,884|(136,029)|30,855| |TOTAL FUNDS|296,487|(364,463)|(67,976)|

----- End of picture text -----

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Notes to the Financial Statements - continued for the Year Ended 31 July 2025

KYLE & LOCHALSH COMMUNITY TRUST

12. MOVEMENT IN FUNDS- continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.8.23 in funds funds 31.7.24
£ £ £ £
Unrestricted funds
General fund 76,321 17,191 45,430 138,942
Designated Fund - Plock of Kyle 90,836 (700) - 90,136
Designated Fund - Community
Facilities & Pontoons 213,446 (13,585) - 199,861
Designated Fund -Delivering Plock
Master Plan 58,645 (5,526) - 53,119
439,248 (2,620) 45,430 482,058
Restricted funds
HIE Chief Officer 780 10,330 9,058 20,168
Scottish Land Fund - Community
Acquisition ofThe Plock of Kyle
and former Toll Office - (18) - (18)
SSE - Car Park Feasibilty Study 7,887 - (7,887) -
Coop Community Fund -
Engagement Events 461 2,199 - 2,660
Grow Wild - Wildflowers & Fungi on
The Plock - (123) - (123)
Paths for All
- Access
Improvements 929 4,632 - 5,561
HIE - Lochalsh Community
Response Fund 1,585 - (1,585) -
Investing In Communities -
Lochalsh Collaborates 333 (94) 94 333
SSE - Viking Living Villiage 13,475 (3,123) (9,577) 775
Think Health, Think Nature 2,155 (64) (2,091) -
Adapt & Thrive 8,040 (2,658) - 5,382
Developing Plock Master Plan -
Others 9,801 (60) (7,273) 2,468
Delivering Plock Master Plan -
National Lottery Heritage Fund 13,196 (16,856) 34,810 31,150
Delivering Plock Master Plan -
National Lottery Community Fund 74,020 (462) (54,571) 18,987
Artic fund
Branching out		 1,645
1,378		 (1,330)
(228)		 (315)
145		 -
1,295
Community Newsletter 641 (1,159) 518 -
Hubbub
Inspiring Scotland
People's Postcode Lottery - Local		 4,104
22,375		 (1,007)
(5,119)		 (3,097)
(670)		 -
16,586
Food
Princes Countryside Fund -		 3,210 (630) (2,580) -
Traditional Constructions skills 10,000 (9,436) - 564
Pockets and Prospects
TheRobertsonTrust		 10,000
11,000		 (10,000)
(11,000)		 -
-		 -
-

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KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

12. MOVEMENT IN FUNDS- continued
Highlands and Islands Environment
Foundation - 618 - 618
Highland Alcohol & Drugs
Partnership - 10,564 - 10,564
Highland Council Community
Regeneration Fund, Fund 1 - 1,215 (1,215) -
Highland Council Community
Regeneration Fund, Fund 2 - 10,528 - 10,528
Mental Health Wellbeing Fund - 6,464 - 6,464
Pebble Trust - 147 653 800
Rural Housing Fund - 3,668 - 3,668
Scottish Land Fund - 3,118 - 3,118
Scottish Forestry Community Fund - (154) 154 -
197,015 (10,038) (45,429) 141,548
TOTALFUNDS 636,263 (12,658) 1 623,606

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KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 143,698 (126,507) 17,191
Designated Fund - Plock of Kyle - (700) (700)
Designated Fund - Community
Facilities & Pontoons - (13,585) (13,585)
Designated Fund -Delivering Plock
Master Plan 1 (5,527) (5,526)
143,699 (146,319) (2,620)
Restricted funds
HIE Chief Officer 26,327 (15,997) 10,330
Scottish Land Fund - Community
Acquisition ofThe Plock of Kyle
and former Toll Office - (18) (18)
Coop Community Fund -
Engagement Events 3,889 (1,690) 2,199
Grow Wild - Wildflowers & Fungi on
The Plock - (123) (123)
Paths for All - Access
Improvements 50,584 (45,952) 4,632
Investing In Communities -
Lochalsh Collaborates - (94) (94)
SSE - Viking Living Villiage 3,913 (7,036) (3,123)
Think Health, Think Nature - (64) (64)
Adapt & Thrive - (2,658) (2,658)
Developing Plock Master Plan -
Others - (60) (60)
Delivering Plock Master Plan -
National Lottery Heritage Fund 19,610 (36,466) (16,856)
Delivering Plock Master Plan -
National Lottery Community Fund (1) (461) (462)
Artic fund 200 (1,530) (1,330)
Branching out
Community Newsletter		 1
(1)		 (229)
(1,158)		 (228)
(1,159)
Hubbub - (1,007) (1,007)
Inspiring Scotland 4 (5,120) (5,119)
People's Postcode Lottery - Local
Food - (630) (630)
Princes Countryside Fund -
Traditional Constructions skills
Pockets and Prospects
The Robertson Trust
Highlands and Islands Environment		 -
7,140
-		 (9,436)
(17,140)
(11,000)		 (9,436)
(10,000)
(11,000)
Foundation
Highland Alcohol & Drugs		 15,001 (14,383) 618
Partnership 21,999 (11,435) 10,564

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KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

12. MOVEMENT IN FUNDS - continued
Highland Council Community
Regeneration Fund, Fund 1 22,079 (20,864) 1,215
Highland Council Community
Regeneration Fund, Fund 2 18,207 (7,679) 10,528
Mental Health Wellbeing Fund 10,000 (3,536) 6,464
Pebble Trust 9,999 (9,852) 147
Rural Housing Fund 14,760 (11,092) 3,668
Scottish Land Fund 11,250 (8,132) 3,118
Scottish Forestry Community Fund 2,366 (2,520) (154)
237,324 (247,362) (10,038)
TOTALFUNDS 381,023 (393,681) (12,658)

During the year the charity's had the following restricted funds:

Chief Officer HIE

Funded by the Highlands & Islands Enterprise. these funds are to partly cover the Chief Officer's wage, as well as some overheads.

Coop Community Fund

Provided for Plock of Kyle and Plock Development Project, and to promote the learning of traditional heritage skills by young people.

Highland Council Community To support micro eco village by continuation of Regeneration Fund 2 Community Development Officer role and proposed community Longhouse build Rural Housing Fund To support the Housing Feasibility Study of the Saraig micro eco village

Scottish Land Fund

To support the Housing Feasibility Study of the Saraig micro eco village

Robertson Trust

To support the operational requirement of the Re-use Shop.

Highlands & Islands Climate Hub

For composting toilets on The Plock.

Scottish Land Fund

To support the Ratagan & Saraig Eco Village Project

Energy Savings Trust To retrofit Contactless Compliance Bord na Gaidhlig Sguel agus Seanchas as Ur Bruce Wake Charity Trust To support purchase of a mobility scooter.

Bord na Gaidhlig

Bruce Wake Charity Trust

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Notes to the Financial Statements - continued for the Year Ended 31 July 2025

KYLE & LOCHALSH COMMUNITY TRUST

12. MOVEMENT IN FUNDS- continued

Transfers between funds

During the year the following inter-fund transfers were made:

£445 was transferred from general funds to the Coop Community Fund. This reflects a contribution from unrestricted funds to the project, which was complete at year end.

Unspent funds of £4782 on the Paths for All project have been transferred to unrestricted funds.

Unspent funds of £5083 on the Adapt and Thrive project have been transferred to unrestricted funds.

£188 was transferred from general funds to the Highland Council Community Regneration Fund 2. This reflects a contribution from unrestricted funds to the project, which was complete at year end.

Unspent funds of £107 on the Coop Community Fund 2 project have been transferred to unrestricted funds.

£2707 was transferred from general funds to the Scottish Land Fund Feasability Study project. This reflects a contribution from unrestricted funds to the project, which was complete at year end.

13. RELATED PARTY DISCLOSURES

Payments of £11,600 were made to Aros Consulting Ltd, a company controlled by Gareth Morgan. Gareth Morgan is a director of Kyle & Lochalsh Trading Ltd, which is a company wholly owned by Kyle & Lochalsh Community Trust (KLCT). Payments were made in relation to Gareth's time spent as Intermin Manager for KLCT and for HR consultancy provided by another director of Aros Consulting Ltd. Gareth did not act as director of KLCT during the time he acted as Interim Manger.

14. POST BALANCE SHEET EVENTS

Following detailed design and cost planning, it has become clear that the original Longhouse proposal, envisaged as a traditionally constructed heritage building using stone, turf and thatch, has experienced significant cost escalation beyond what can reasonably be delivered within the current funding landscape. In parallel, discussions with SSEN Transmissionis Regional Fund have concluded that, as the project evolved in response to these challenges, it no longer aligned sufficiently with the original funding criteria. As a result, the funding offer has been withdrawn.

While this is disappointing, we fully understand the rationale behind the decision and are grateful to SSEN for their engagement and support throughout the process. We also appreciate their openness to future proposals that align with their priorities.

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KYLE & LOCHALSH COMMUNITY TRUST

Notes to the Financial Statements - continued for the Year Ended 31 July 2025

14. POST BALANCE SHEET EVENTS - continued

As a Trust, we have a responsibility to ensure that any project we take forward is deliverable, represents good value, and does not expose the organisation to undue financial or operational risk. Given the scale of cost increases, driven by the specialist materials and skills required for a heritage build, it would not be responsible to proceed with the project in its current form at this time.

We would like to place on record our sincere thanks to Patrick Ullman-Campbell, who led the original application and has worked tirelessly to develop a strong and ambitious proposal rooted in the heritage and identity of the area.

15. ULTIMATE CONTROLLING PARTY

The charity is a company limited by guarantee and is controlled by its board of trustees.

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KYLE & LOCHALSH COMMUNITY TRUST

Detailed Statement of Financial Activities for the Year Ended 31 July 2025

Detailed Statement of Financial Activities
for thethe Year Ended 31 July 2025
31.7.25 31.7.24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations		 1
316		 (2)
1,491
Exceptional items - 18,952
317 20,441
Other trading activities
Advertising 2,500 3,128
Rental of Land at Ploc 1,100 1,200
Consultancy & Reports 15,026 3,912
Sale ofscythes - 1,349
Car charging income 13,713 11,109
32,339 20,698
Charitable activities
Service level agreement DEVELOP 10,000 10,000
Re-use shop income 30,058 34,748
Grants 167,683 237,400
Turnstile Income 34,020 26,069
Shower Income 5,308 6,549
Laundrette Income 13,729 19,120
Pontoon income - 3,550
Forest School income - 1,480
Minibus income 3,033 968
263,831 339,884
Total incoming resources 296,487 381,023
EXPENDITURE
Charitable activities
Wages and Social Security 164,477 200,292
Pensions 5,387 5,893
Postage and stationery 28 -
Sundries 666 -
Subscriptions & Memberships 1,950 2,041
Training
& Confernece Costs		 - 785
Legal & Professional Fees 54,210 1,955
Carriedforward 226,718 210,966

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KYLE & LOCHALSH COMMUNITY TRUST

Detailed Statement of Financial Activities
forthe Year Ended 31 July 2025
31.7.25 31.7.24
£ £
Charitable activities
Brought forward 226,718 210,966
Website costs 181 179
Travel & Subsistence 14,787 619
Repairs & Renewals 28,911 13,167
Cleaning 2,084 1,672
Insurance 4,423 4,549
Rates & water 997 1,042
Rent - reuse shop 9,600 12,000
Activity resources 6,121 55,058
Depn of Pontoons and Toilets 13,291 13,291
Depn of Toll Office 1,862 1,863
Plant and machinery 8,193 7,724
Fixtures and fittings 259 346
Motor vehicles 3,280 4,373
Computer equipment 2 17
320,709 326,866
Support costs
Management
Wages 15,000 19,075
Pensions 478 581
Light and heat 15,601 9,085
Telephone 2,082 1,942
Postage and stationery 2,048 1,667
Advertising
Sundries		 210
-		 6,721
(5)
Subscriptions
& Memberships		 - 215
35,419 39,281
Finance
Bank charges 2,438 2,501
Governance costs
Accountancy and legal fees 5,633 5,800
Legal & professional fees - 18,990
AGM expenses 264 243
5,897 25,033
Total resources expended 364,463 393,681
Netexpenditure (67,976) (12,658)

This page does not form part of the statutory financial statements

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