REGISTERED COMPANY NUMBER: SC397770 (Scotland) REGISTERED CHARITY NUMBER: SC044408
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31 March 2025
for
The Findhorn Village Conservation Company
The Long Partnership 4 North Guildry Street Elgin Moray IV30 1JR
’
The Findhorn Village Conservation Company
Contents of the Financial Statements For The Year Ended 31 March 2025
Page Report of the Trustees 1 to 3 Independent Examiner's Report 4 Statement of Financial Activities 5 Balance Sheet 6 to 7 Notes to the Financial Statements 8 to 14 Detailed Statement of Financial Activities 15
The Findhorn Village Conservation Company
Report of the Trustees
For The Year Ended 31 March 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 March 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 activities
The charity's objectives are to benefit the community of Findhorn Village with he purposes of advancing environmental protection or improvements, including preservation, sustainable development and conservation of the natural environment, the maintenance, improvement or provision of environmental amenities for the community and/or the _ preservation of buildings or sites of architectural, historic or other importance to the community following the principles of sustainable development.
The charity is highly dependent on the support of volunteers who provided 14,000 hours unpaid service during the year to 31 March 2025.
The charity is grateful for all the support provided by residents and others throughout the year. This support has enabled the charity to progress with developments in line with our objectives.
Page 1
The Findhorn Village Conservation Company
Report of the Trustees
For The Year Ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
The work of the company during the year has again focused on consolidation and further expansion in both economic and amenity provision for the village of Findhorn. The volunteer workload of the Directors and Members has remained very high with the activity during the year. Without the extra work of the Members and Directors we would not have been able to take advantage of the opportunities that came our way and J thank them for the time and support they have given to the company.
Findhorn Pathway - In memory of David Urquhart - was completed in July 2020. Ongoing maintenance continued in the year, and this facility is being well used and is appreciated by all users.
West Beach Parking - The automatic booking and entry system, along with the general improvements (including the toilet blocks and sewage offloading points) continued to be appreciated by visitors to the Motorhome Stopover : area, which has been extensively used, generating income for the company during the year. This, plus the additional contribution for day parking, is essential for maintaining the standard of, and further developing, these facilities and the surrounding areas. The East Beach parking area and Dunes Road continued to be maintained to a good standard during the year, and the surface has proved to be more durable after periods of bad weather, following successful trials of different materials in the previous year.
The upgraded toilet facilities have been extensively used. Access to these, and the standard of ongoing cleanliness was appreciated by visitors to the village.
The usable garages in the Armstrong Garage Development continue to be fully let and maintenance work has continued during the year to keep them in good order, including refurbishment to some of the doors. The beach steps renovation project was completed during this period. These had been removed and replaced in the previous year to eliminate potential health and safety hazards, and they have been extensively used since this refurbishment. Whilst these were not originally the Company's assets, the Company was happy to manage this work for the benefit and safety of the community and visitors to Findhorn. There is a small balance of funds remaining for ongoing maintenance.
The structured approach to assess and define future strategy, and to develop a medium and long term plan for the land under the Company's ownership, continued during the year, in consultation with TFVCC members and Findhorn village residents.
The company thanks everyone who has provided financial support to help with these developments and ongoing maintenance, either from grant funding, leases, or from the numerous very generous personal donations direct to the Company or via Just Giving. The Company plans further development and improvement, as the number of visitors to the village and the demand for parking increases every year. We also thank all our visitors for their Car Parking contributions and especially to those who made an extra effort to keep the area free of litter as much as possible.
FUTURE PLANS
Looking to the coming year we aim to continue development and maintenance work with the car parks, motorhome stopover point, toilet and shower facilities and garages, along with discussions on the future of the Findhorn Church. Focus will remain on generating sufficient income so that we can turn our attention to further improvement and environmental issues.
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.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
SC397770 (Scotland)
Page 2
The Findhorn Village Conservation Company
Report of the Trustees
For The Year Ended 31 March 2025
Registered Charity number SC044408
Registered office Findhorn Village Centre The Old School House Church Place Findhorn Moray IV36 3YR
Trustees C Low SB Russell DJ Watson N Edmonds (resigned 5.2.25) CMHunt . E Adams F Allan
Company Secretary C Low
Independent Examiner Alan Long FCA The Long Partnership 4 North Guildry Street Elgin Moray IV30 1JR
Bankers Bank of Scotland P O Box 17235 Edinburgh EH11 1YH
.
Approved by order of the board of trustees on 24 November 2025 and signed on its behalf by:
CM Hunt - Trustee
Page 3
Independent Examiner's Report to the Trustees of The Findhorn Village Conservation Company
Independent examiner's report to the trustees of The Findhorn Village Conservation Company (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
-
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Ye be,
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Alan Long FCA
The Long Partnership 4 North Guildry Street Elgin . Moray IV30 1JR
24 November 2025
Page 4
The Findhorn Village Conservation Company
Statement of Financial Activities
For The Year Ended 31 March 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|31.3.25|31.3.24|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME AND ENDOWMENTS|FROM|
|Donations|and|legacies|1,727|10|1,737|137,109|
|Other trading|activities|2|83,960|-|83,960|71,782|
|Investment|income|3|48|-|48|64|
|Total|85,735|10|85,745|208,955|
|EXPENDITURE ON|
|Charitable|activities|
|General|72,678|5,154|77,832|55,320|
|NET INCOME/(EXPENDITURE)|13,057|(5,144)|7,913|153,635|
|Transfers|between|funds|10|5,194|(5,194)|-|-|
|Net movement|in|funds|18,251|(10,338)|7,913|153,635|
|RECONCILIATION|OF FUNDS|
|Total|funds brought|forward|1,241,302|23,791|1,265,093|1,111,458|
|TOTAL FUNDS|CARRIED FORWARD|1,259,553|13,453|1,273,006|1,265,093|
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The notes form part of these financial statements
Pane &
The Findhorn Village Conservation Company
Balance Sheet
31 March 2025
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|31.3.25|31.3.24|
|Unrestricted|Restricted|Total|Total|
|Notes|funds£|funds£|funds£|funds£|
|FIXED|ASSETS|
|Tangible|assets|6|1,007,261|-|1,007,261|997,814|
|Investment property|7|198,532|-|198,532|198,532|
|1,205,793|-|1,205,793|1,196,346|
|CURRENT|ASSETS|
|Cash|at bank|56,830|13,453|70,283|70,637|
|CREDITORS|
|Amounts|falling|due|within|one|year|8|(3,070)|-|(3,070)|(1,890)|
|NET CURRENT ASSETS|53,760|13,453|67,213|68,747|
|TOTAL ASSETS|LESS|CURRENT|
|LIABILITIES|1,259,553|13,453|1,273,006|1,265,093|
|NET ASSETS|1,259,553|13,453|1,273,006|1,265,093|
|FUNDS|10|
|Unrestricted|funds|1,259,553|1,241,302|
|Restricted|funds|13,453|23,791|
|TOTAL FUNDS|1,273,006|1,265,093|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Pace A eantinned
The Findhorn Village Conservation Company
Balance Sheet - continued
31 March 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 24 November 2025 and were signed on its behalf by:
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( } \
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CM Hunt - Trustee
The notes form part of these financial statements
Pa re 7
The Findhorn Village Conservation Company Notes to the Financial Statements For The Year Ended 31 March 2025
- 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.
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.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Expenditure of less than £500 is not capitalised.
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The Findhorn Village Conservation Company
Notes to the Financial Statements - continued
For The Year Ended 31 March 2025
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||||||
|---|---|---|---|---|
|2.|OTHER TRADING ACTIVITIES|
|31.3.25|31.3.24|
|£|£|
|Fundraising|events|417|-|
|Car park income|74,193|64,122|
|Garage|rental|5,650|6,300|
|Lease income|3,700|1,360|
|83,960|71,782|
|3.|INVESTMENT INCOME INCOME|
|31.3.25|31.3.24|
|£|£|
|Deposit|account|interest|48|64|
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-
INVESTMENT INCOME INCOME
-
4, TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024,
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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|||||||
|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|
|funds|funds|funds|
|£|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|13,713|123,396|137,109|
|Other|trading|activities|71,782|-|71,782|
|Investment|income|64|-|64|
|Total|85,559|123,396|208,955|
|EXPENDITURE ON|
|,|Charitable|activities|
|General|55,320|-|55,320|
|NET INCOME|—|30,239|123,396|153,635|
|Transfers|between|funds|109,272|(109,272)|-|
|Net movement|in|funds|139,511|14,124|153,635|
|RECONCILIATION|OF FUNDS|
|Total|funds brought forward|1,101,791|9,667|1,111,458|
|TOTAL FUNDS|CARRIED FORWARD|1,241,302|23,791|1,265,093|
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The Findhorn Village Conservation Company
Notes to the Financial Statements - continued
For The Year Ended 31 March 2025
| 6. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Freehold | |||
| property | |||
| £ | |||
| COST | |||
| At 1 April2024 | 997,814 | ||
| Additions | 9,447 | ||
| At31 March2025 | 1,007,261 | ||
| NETBOOKVALUE | |||
| At31 March2025 | 1,007,261 | ||
| At 31 March2024 | 997,814 | ||
| 7. | INVESTMENT PROPERTY | ||
| £ | |||
| FAIRVALUE | |||
| At 1 April 2024 | |||
| and 31 March2025 | 198,532 | ||
| NETBOOKVALUE | |||
| At31 March2025 | 198,532 | ||
| At 31 March2024 | 198,532 | ||
| 8. | CREDITORS: AMOUNTS FALLINGDUEWITHIN ONEYEAR | ||
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Bank loans and overdrafts (see note 9) | 950 | 950 | |
| Accrued expenses | 2,120 | 940 | |
| 3,070 | 1,890 | ||
| 9. | LOANS | ||
| An analysis ofthe maturity ofloans is given below: | |||
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Amounts falling due within one yearon demand: | |||
| Membersloans | 950 | 950 |
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The Findhorn Village Conservation Company
Notes to the Financial Statements - continued For The Year Ended 31 March 2025
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|---|---|---|---|---|---|---|---|---|---|
|10.|MOVEMENT|IN|FUNDS|
|Net|Transfers|
|movement|between|At|
|At|1.4.24|in funds|funds|31.3.25|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|44,956|13,057|5,194|63,207|
|Designated|funds|1,196,346|-|-|1,196,346|
|1,241,302|13,057|5,194|1,259,553|
|Restricted|funds|
|David Urquhart Bequest|5,194|-|(5,194)|-|
|Toilet Blocks|Refurbishment|1,565|(1,565)|-|-|
|Beach|Steps|Project|17,032|(3,579)|-|13,453|
|23,791|(5,144)|(5,194)|13,453|
|TOTAL FUNDS|1,265,093|7,913|-|1,273,006|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|85,735|(72,678)|13,057|
|Restricted|funds|
|Toilet Blocks Refurbishment|-|(1,565)|(1,565)|
|Beach|Steps|Project|10|(3,589)|(3,579)|
|10|(5,154)|(5,144)|
|TOTAL FUNDS|85,745|(77,832)|7,913|
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The Findhorn Village Conservation Company
Notes to the Financial Statements - continued
For The Year Ended 31 March 2025
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.4.23|in|funds|funds|31.3.24|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|970,740|30,239|(956,023)|44,956|
|Designated|funds|131,051|-|1,065,295|1,196,346|
|1,101,791|30,239|109,272|1,241,302|
|Restricted|funds|
|David Urquhart Bequest|9,072|-|(3,878)|5,194|
|Allotment|Project|595|-|(595)|-|
|Toilet Blocks|Refurbishment|-|27,725|(26,160)|1,565|
|Beach|Steps|Project|-|95,671|(78,639)|17,032|
|9,667|123,396|(109,272)|23,791|
|TOTAL FUNDS|1,111,458|153,635|-|1,265,093|
|Comparative|net movement in funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General fund|85,559|(55,320)|30,239|
|Restricted|funds|
|Toilet Blocks Refurbishment|27,725|-|27,725|
|Beach|Steps|Project|95,671|-|95,671|
|123,396|-|123,396|
|TOTAL FUNDS|208,955|(55,320)|153,635|
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The Findhorn Village Conservation Company
Notes to the Financial Statements - continued
For The Year Ended 31 March 2025
- MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
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||||||||
|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.4.23|in|funds|funds|31.3.25|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|970,740|43,296|(950,829)|63,207|
|Designated|funds|131,051|-|1,065,295|1,196,346|
|1,101,791|43,296|114,466|1,259,553|
|Restricted|funds|
|David Urquhart Bequest|9,072|-|(9,072)|-|
|Allotment|Project|595|-|(595)|-|
|Toilet Blocks Refurbishment|-|26,160|(26,160)|-|
|Beach|Steps|Project|-|92,092|(78,639)|13,453|
|9,667|118,252|(114,466)|13,453|
|TOTAL FUNDS|1,111,458|161,548|-|1,273,006|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|171,294|(127,998)|43,296|
|Restricted|funds|
|Toilet Blocks|Refurbishment|27,725|(1,565)|26,160|
|Beach|Steps|Project|95,681|(3,589)|92,092|
|123,406|(5,154)|118,252|
|TOTAL FUNDS|294,700|(133,152)|161,548|
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The Findhorn Village Conservation Company
.
Notes to the Financial Statements - continued For The Year Ended 31 March 2025
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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e
8
The Findhorn Village Conservation Company
; Detailed Statement of Financial Activities For The Year Ended 31 March 2025
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|||||||
|---|---|---|---|---|---|
|31.3.25|31.3.24|
|£|£|
|INCOME AND ENDOWMENTS|
|Donations|and|legacies|
|Donations|1,437|17,851|
|Grants|300|119,258|
|1,737|137,109|
|Other|trading|activities|
|Fundraising|events|417|-|
|Car park income|74,193|64,122|
|Garage|rental|5,650|6,300|
|Lease|income|3,700|1,360|
|83,960|71,782|
|Investment|income|
|Deposit|account|interest|48|64|
|Total incoming resources|85,745|208,955|
|EXPENDITURE|
|Charitable|activities|
|Rates|and water|1,346|937|
|Insurance|2,170|1,561|
|Light|and heat|514|2,018|
|Telephone|657|482|
|Postage|and|stationery|51|58|
|Advertising|78|743|
|Sundries|590|1,105|
|Garage repairs|2,805|-|
|Cleaning|costs|808|-|
|Groundworks|and maintenance|31,689|15,589|
|Legal|and|professional|fees|27,241|21,450|
|Accountancy|1,180|1,083|
|Donation|150|100|
|Celebration|costs|233|2,514|
|Subscriptions|7,518|6,930|
|77,030|54,570|
|Support|costs|
|Finance|
|Bank charges|802|750|
|Total resources|expended|77,832|55,320|
|Net income|7,913|153,635|
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This page does not form part of the statutory financial statements
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