COMPANY REGISTRATION NUMBER: SC397640
CHARITY REGISTRATION NUMBER: SC044689
Muir of Ord Development Trust
Company Limited by Guarantee
Unaudited Financial Statements
30 April 2025
RITSONS
Chartered Accountants
Forbes House
36 Hunlly Street
Inverness
IV3 SPR

Muir of Ord Development Trust
Company Limited by Guarantee
Financial Statements
Year ended 30 April 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 stalements
The following pages do not form part of the financial statements
Detailed statement of financial activities
23
Notes to the detailed statement of financial activities
25

Muir of Ord Development Trust
Company Limited by Guarantee
Trustees, Annual Report {Incorporating the Director's Report)
Year ended 30 April 2025
The trustees, who are also the ijirectors for the purposes of company law. present their report and the
unaudited financial statements of the charity for the year ended 30 April 2025.
Reference and administrative details
Registered charity name
Muir of Ord Development Trust
Charity registration number
SC044689
Company reglstration number SC397640
Principal office and registered The IAuir Hub
office
Great North Road
Muir of Ord
IV6 7SU
Scotland
The trustees
M P Atkinson
S M Pennington
J A Taylor
G Tuach
F MacGruer
B M Nicho150n
C Noble
R Ma¢Kay
M C MacAulay
IResigned 25 September 20241
(Resigned 5 May 20251
(Resigned 19 August 20251
{Resigned 19 August 20251
(Appointed 6 May 202SI
Company secretary
F Macgruer
Person to whom day to day
Running of the charity
delegated to
H Macsween lo May 2024 to June 2024
J Milne from July 24 onward
Independent examiner
Daniel Palombo M.A.{Honsl, C.A.
Forbes House
36 Hunlly Street
Inverness
IV3 SPR
Solicitors
Madeod & Maccallum
28 Queensgale
Inverness
IV1 1YN

Muir of Ord Development Trust
Company Limited by Guarantee
Trustees, Annual Report {In¢orporating the Director's Report) (contintse(g
Year ended 30 April 2025
Structure. governance and management
Governing Document
The charity is controlled by ils goveming document. a deed of Irusl, and constitutes a limited
company, limited by guarantee, as defined by the Companies Act 2006.
The charity is registered with the Office of the Scottish Charity Regulator {OSCRI
Recruitment and Appointment of New TrusteeslDirectors
All the Trustees have been elected or re-eleclecl by the membership at an Annual General Meeting or
eo-opled by the other Directors lo serve until the next announced meeting of members. New Iruslees
are provided with the policies and documents of the charity and fftceive information about their
responsibilities developed by OSCR and the Development Trusts Association Scotland IDTASI of
which the company is a member.
Organisational Structure
The Muif of Ord Development Trust is governed by 3 Board of Trustees which has responsibility for all
decision making. All the Trustees are volunteers and none of them have any beneficial interest in the
charity. The Board fom)ally met 20 times during the year lo consider all aspects of the functioning of
the Trust and make decisions as lo strategy and future planning.
During the year, the Company continued lo support 3 formally conslituled subsidiary groups." the Muir
of Ord Gala Group. the Muir Matters Group and MOOFoDd. The Trust also supported 3nd facililaled
the start of the Muir of Ord Men's Shed group which now operates independently_ The Muir Moves
and programme was revived during the year, this has previously not run since Covid. The tourism
website, Diswver Muir of Ord was also revived. Each of the groups were volunteer tun and effectively
operated within the sphere of their remits. Over the course of the year a number of new individuals did
volunteer to become involved in particular projects and we conb'nue lo seek and encourage
volunteers.
Risk Management
The trustees review the policies and procedures of the charitable company on a regular basis and any
identified risks are managed appropriately.
Objectives and activities
Objeclives and Aims
The Trust has been formed to deliver benefits for the Community, the geographic extent of which is
defined in Article 2 of section B of the Articles. This will be achieved by promoting and facililaling the
following Purposes..
To manage the Muir of Ord Village Hall. The Muir Hub and any other facilities for the benefit of the
Community and the public in general.
To provide, or assist in providing, recreational facilities, andl or organising recreational a¢livilie5,
which will be available lo members of the Community and public at large.
To advance community development, including urban or rural regeneration within the Community.
The prevention or relief of poverty and the advancement of health and eduealion
The advancement of environmental protection or improvement
Significant Activities
In order to achieve its objectives. the charity carried out the following aclivilies..
Overseeing the functioning of the Muir of Ord Village Hall, encouraging its use as a local venue
and conducting necessary repairs and improvements.
Continued lo promote the Muir Hub as the primary community venue.
Supported and encouraged the independent café in the Hub lo develop.
Organised a range of events in the Village square and within community buildings.
Continued lo deliver community support post-pandemic

Muir of Ord Development Trust
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dtrector's Report) (continue
Year ended 30 April 2025
Employed staff lo ensure the efficient operation of the Company
Achievements and performance
Charitable Activities
The Gala Group was able to run a very successful range of Gala activities in July 2024 despite a
severe rainstorm. These were enthusiastically supported by the community. The Group also ensured
that the other outside music events managed lo go ahead by undertaking all the necessary tasks
before, during and aftevards.
Muir Matters Group produced their quartedy journal each season,. they are a small group and il
involves a lot of work to gel the edition out on lime and into the sales venues, manage the advertising
and collect the income. They remain reliant on the part-lime employee who typesets and designs the
layout for each edition.
The MOOFood group csivided around particular activities.. monthty lunch gathering, village planters.
community fridge and larder. Each has required a dedicated team of volunteers to keep everything
going. The intended environmental cmrdinalion role declined for lack of volunteers.
In June 2024 Hannah Macsween left her role as part-lime Community Development Manager,
Hannah's focus upon her return was lo rebuild links with groups and individuals with whom she had
worked previously and particularly lo redevelop the volunteer support to the work of the Trust. But with
required administrative tasks in running the Trust the two tasks proved loo challenging on a part-time
basis while new board members had not tsken on specific management roles. The Caretaker and
Administrator handed in Notice in March 2025 and were replaced in June 2025 by a cleaner on 10
hours per week and part time Administrator. The reliral of the long-lerm chair and other directors
coincided with the reduction of staff capacity so with continuing monthly losses the board activated a
continuing exercise with DTAS Crisis management and engaged in a Financial review.
The financial assistance of SSEN in part funding the adminislralive posts is recognised as significant
lo the Trust's future development as incomes from the two buildings did not cover costs.
Financial review
During the financial year 2024125 covered by this report, the f￿nanCeS ol the Muir of Ord Development
Twst have been properly managed by the trustees and CDM. An improved system of managing
debtors was introduced and invoicing updated. To offset the severe energy cost rises applications for
PV installations al both Hub and Hall were initiated.
Healing and especially electricity costs are al least three limes higher than previously. while
insurances inspections and other Compliance costs continue lo rise above inflation rates.
Use and demand for spaTr do not cover the overhead costs of running them so that loo much CDM
time and effort is allocated lo property management and repairs matters.
The Trust continued tr) rely on grant funding from slatulory organisalions including the SSE Fairburn
Windfarm Fund which partially supported the salary of the Community Development Manager. The
Muir Hub and Village Hall were just viable from the income they generated.
The Café Continued lo be rented out and regular formal meetings were held with the café tenant lo
manage needs and lo find a way forward with their ongoing costs and backlog payments. The Social
Enterprise Academy office rental ceased in November 2024 and the rental was lost.
Installation of PV al Village Hall and Hub and ASHP al Hub to redu￿ energy usage and costs, this
was grant funded by EST and Cares. It is hoped that this will reduce energy costs as the huge uplift in
energy costs pul a massive stTain on the financial viability of the Trust.

Muir of Ord Development Trust
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Reportl (¢oy¥tinu
Year ended 30 April 2025
The Trust took over the management of the Community Pavillion from the Community Association
from 2024, although legals still not completed at yel. This increases our income bul not will also
increase our Insuran￿ and maintenance costs.
The Trust's reserves declined monthly in addition to major decline in the previous year. The Trust
recognises that additional and improved marketing of available space is urgent.
Results
The results for the year and the ch8rity's financial position are shown in the attached financial
statements. The charity made a surplus of £29,375 {2024 deficit £11,484) of which £5,978 surplus
12024 - £6,287 deficit) relates lo unrestricted funds and £23,397 {2024 - £17,771 deficit) relates lo
restricted funds before transfers between funds. The trustees are actively looking for additional
funding for running costs going forward and are confident that this will be secured.
AI 30 April 2025. lolal reserves amounted lo £1,323,889 {2024 - £1.294,5141 of which £25,417 deficit
12024 - £31,395 deficill are unrestricted and £1,349,306 (2024- £1.325,9091 a￿ restricted.
Plans for future periods
A community consultation was held in February 2024 to provide ideas for best use of the SSE fvnding.,
this confirmed a strong view that partial funding of the Community Development Manager post was
essential. Further consultslions took place in the context of the AGM and Black Isle Local Plan, and
quarterly open meetings with the board were started.
The Board worked with the Black Isle Local Place Plan team lo hold further community d8ys and
surveys to think of future projects and lo guide community action and public services and lo
strengthen joint community working through the Black Isle.
The transfers of land from the Community Association remain on-going.
The board will be under-going a strategy review and updated business plan for the end of the financial
year and beyond.
Through funding from SSE the trust will have a part time administrator to increase capacity within the
team. The f￿YS will be on reinstating the online booking system for both venues and making sure
room occupancy is maximised.
The Trust will continue lo run its flagship social events including Halloween and Christmas events.
Small Company provisions
This report has been prepared in accordance with the pnjvisions applicable lo companies enlilled to
the small companies exemption.
2.blo514.....
The tnjstees, annual report was approved on .....
trustees by..
and signed on behalf of the board of
F MacGruer
Trustee

Muir of Ord Development Trust
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Muir of Ord Development
Trust
Year ended 30 April 2025
I report lo the trustees on my examination of the financial stslemenls of Muir of Ord Development
Trust I'lhe charity'l for the year ended 30 April 2025.
Responsibilities and basis of report
As the Iruslees of the company land also its directors for the Purposes of company lawl you are
responsible for the preparation of the financial statements in accoidance with the requirements of the
Charities and Trustee Investment {Scollandl Act 2005 I'the 2005 Acl'l, the Charities Accounts
(Scotland) Regulations 2006 las amended) and the Companies Act 2006 I'lhe 2006 ACYI. You are
satisfied that the accounts of the company are not required by charity or company law to be audited
and have chosen instead lo have an independent examination.
Having satisfied myself that the accounts of the company are not required lo be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's 8ccounls carried out under section 44111(cl of the 2005 Act. In carrying out my
examination I have followed the requirements of ReguLation 11 of the Charities Accounts (Scollandl
ReguLgtions 2006 {as amended).
Independent examinerfs statement
Since the charity is required by Company law to prep2re ils accounts on an accruals basis and is
gislered as a charity in Scotland your examiner must be a member of a body listed in Regulation
1112} of the Charities Accounts (Scolland) Regulations 2006 las amended). I can confirm that l am
qualified lo undertake the examination be¢ause I".am a re￿stered member of ICAS which is one of the
listed bodies.
I have completed my examination. I confimi that no matters have come lo my attention in connection
with the examination giving me cause lo believe..
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act, seth'on 44111{a} of the 2005 Act and Regulation 4 of the 2006 Accounts
Regulations", or
the financial statements do not accord with those records or with the accounting
requirements of Regulation 8 of the Charities Accounts IS¢ollandl Regulations 2006,. or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which
is not a matter considered as part of an independent examination., or
the financial statements 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 accordan￿ with the Financial
Reporting Slancsard applicable in the UK and Republic of Ireland {FRS 102}.

Muir of Ord Development Trust
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Muir of Ord Development
Trust (conlinuedj
Year ended 30 April 2025
I have no concerns and have come across no other matters in connection with the examination lo
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be leached.
Other matters
To the fullest extent permilled by law. I do not accept or assume ￿SpOnsIbl11ty lo anyone other than
the charity and the charities, trustees as a body. for our work, for this report. or for the opinions I have
fomed.
Daniel Palombo M.A.IHonsl, C.A.
Independent Examiner
Forbes House
36 Huntly Street
Invemess
IV3 SPR
29 Zo

Muir of Ord Development Trust
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 April 2025
2025
Restricted
funds Total funds Total funds
2024
Unreslricled
funds
Income and endowments
Donations and legacies
Charitable activrties
1.450
116,592
118.042
50,342
51,792
116,592
38,638
105,935
144,573
Total income
50,342
168,384
Expendlture
Expenditure on charitable activ.ities
Total expenditure
112,064
26,945
139.009
1%,057
156,057
112,064
26,945
139,009
Net incomel{expenditurel and net
movement in funds
5.978
23,397
29,375
(11.4841
Reconciliation of funds
Total funds brought forward
Total funds carried fonyard
{31,39SI
125,4171
1,325,909
1,349,306
1,294,514
1,305.998
1.323.889
1.294,514
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.
The notes on paggs 9 to 21 fomi part of these financial statements.

Muir of Ord Development Trust
Company Limited by Guarantee
Statement of Financial Position
30 April 2025
2025
2024
Note
Fixed assets
Tangible Fixed assets
14
1,209,734
1,173,759
Current assets
Debtors
Cash at bank and in hand
15
8,432
122,763
131.195
18.466
114,639
133,105
Creditors: amounts falling due within one year
Net current assets
16
17,040
12,351
114,155
120.754
Total assets less current liabilities
1,323,889
1,294,513
Net assets
1,323,889
1,294,513
Funds ofthe charity
Reslricled funds
Unrestricted funds
1.349,306
125,4171
18 1,323,889
1.325.907
{31,3941
1.294.513
Total charity funds
For the year ending 30 April 2025 the charity was entitled to exemption from audit under section 477
of the Companies Ael 2006 relating lo small companies.
DireclDrs' responsibilities..
The members have not required the company lo obtain an audit of its financial statements lor the
year in question in accordanTr with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial slatemenls.
These financial statements have been prepared in accordan￿ with the provisions applicable lo
companies subject lo the small companies, regime.
These financial stslements were approved by the board of trustees and aulhorised for issue on
and are signed on behalf of the board by-.
F MacGruer
Trustee
The notes on pages 9 to 21 form part of these finarbcial statements.

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 April 2025
General Information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Scotland and a registered charity in Scotland. The address of the registered Offi￿ is The Muir
Hub, Great North Road, Muir of Ord, IV6 7SU, Scotland.
Statement of compliance
These financial statements have been prepared in eompliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland., the Ststement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) Icharities
SORP IFRS 10211 and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured al fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
While the Iruslees, do not believe there are any material uncertainties over the charity's ability to
continue, they are mindful of the fact that the unrestricted lunds are showing an overall deficit.
They are actively looking for additional funding for iunning costs going fornard and are confident
that this will be secured.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management lo make judgements,
estimates and assumptions that affect the amounts reported. These eslimales and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances. Signfficanl
judgements The judgements lapart from those involving eslimalionsl that management has
made in the process of applying the entity's accounting policies and that have the most
significant effect on the amounts recognised in the financial statements are as follows.. Key
sources of estimation Un￿rtaInty Accounting estimates and assumptions are made ￿nCÈrnIng
the future and. by their nature, will rarely equal the related actual outcome. The key assumptions
and other sources of eslimalion uncertainty th31 have a significant risk ol causing a material
adjustment to the carrying amounts of assets and liabilities within the next financial year are as
follows..

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
Accounting policies fcontirtuèdj
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eam)arked by the trustees for particular future project or
commitment.
Restricted funds are subjected lo reslriclions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.
Incoming resources
All incoming reSoUr￿S are included in the statement of financial activities when enlillemenl has
passed lo the charity., il is probable that the economic benefits associated with the transaction
will Now lo the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift. receipt is probable and ils amount can be measured reliably.
legacy income is recognised when receipt is probable and entillemenl is established.
income from donated goods is measured at the fair value of the goods unless this is
imptaclical lo measure reliably, in which case the value is derived from the cost lo the donor
or the eslimaled resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted setvice. This is classified as unrestricted funds unless there is a contractual
requirement for il lo be spent on a particular purpose and returned if Ltnspenl, in which case
il may be regarded as reslricled.
10

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements {con¢inued)
Year ended 30 April 2025
Accounting policles {tontinued)
Resources expended
Expenditure is recognised on an aecruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the slalemenl of
financial activities lo which il relates..
expenditure on raising fvjnds includes the costs of all fundraising activities, events.
non-charilable trading aclivilies, and the sale of donated goods.
expenditure on charitable activities includes all costs incuffed by a charity in undertaking
aelivilies that further ils charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating lo the governance of the charity apportioned lo charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds lor the
charity nor part of ils expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded al ¢osl, and subsequently stated al cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded al the fair value al the dale of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
Ars increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
fecognised gains and losses. unless it reverses a charge for impairment that has previously been
recognised as expenditure wilhin the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses.
except lo which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial aclivilies.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residual
value. over the useful economic life of that asset as follows".
Freehold property
Plant and machinery
Fixtures and fillings
Motor vehicles
1V/o straight line
25Qkn straight line
20,10 slraighl line
20V/o Straight line
11

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements fcontinued)
Year ended 30 April 2025
Accounting policies (conlinued)
Impaim)ent of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value eX￿edS the
recoverable amount, the asset is impaired accordingly. Prior impaifmenls are also reviewed for
possible reversal al each reporting dale. For the purposes of imp8irment testing, when it is not
possible lo estimate the recoverable amount of an individual asset, Sn estimate is made of the
recoverable amount of the cash-generaling unil lo which the asset belongs. The cash-generating
unit is the smallest identifiable group of assets that includes the asset and generates cash
inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a paty lo the
conlraclual provisions of the instrument.
Basic financial instruments are initially recognised al the amount receivable or payable including
any related transaction costs, unless the arrangement consb'lutes a financing transaction, where
il is recognised at the present value of the future payments discounted al a market rale of
interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured al the cash or other
consideration expected lo be paid or received and not discounted.
Debt instruments are subsequently measured al amortised cost.
Defined contribution plans
Contributions lo defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead 10 2 reduction in future payments or a cash refund.
Wnen contributions are not expected to be selued wholly within 12 months of the end of the
reporting date in which the employees render the related servi￿, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which il arises.
Limited by guarantee
Muir of Ord Development Trust is a company limited by guarantee and accordingly does not
have a share capital.
Every mèmber of the company undertakes to contribute such amount as may be required not
exceeding £1 to the assets of the charitable company in the event of il being wound up while he
or she is a member. or within one year after he or she ceases to be a member.
12

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
Donations and legacigs
Unreslricled
Funds
Reslricled Total Funds
Funds
2025
Donations
Donations
1,450
1.450
Grants
SSE
Community and Renewables Energy Scheme
ICARES)
10,051
10,051
39,491
Tesco
Highland Council
Muir of Ord Community Council
Highlands & Islands Climate Hub Sustainable
Spaces
CO-OP
39,491
300
500
300
500
1.450
50,342
51.792
un￿strICted
Funds
Restricted Total Funds
Funds
2024
Donatlons
Donations
18,442
18,442
Grants
SSE
Community and Renewables Eneigy Scheme
12,500
12.500
ICARESI
Tesco
Highland Council
Muir of Ord Communrty Council
Highlands & Islands Climate Hub Sustainable
Spaces
CO-OP
1,000
850
850
1.000
850
850
624
4,372
624
4,372
18,442
20,196
38,638
13

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 April 2025
Charitable actlvities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Muir Matters Salès
Hall Rental Income
Hub Rental Income
Muir Matters Advertising income
Gala Advertising income
Recharge Income
Gala income
Events income
Sponsorship income
other income
2.015
24,957
25,873
3.400
540
7,622
38,957
1,628
10,700
900
2,015
24,957
25,873
3,400
540
7.622
38,957
1,628
10,700
900
2,323
27,720
29,212
3,868
1.020
9,237
32,419
736
5,400
2,323
21,720
29.212
3.868
1,020
9,237
32,419
736
5.400
116,592
116,592
105,935
105,935
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Muir of Ord Development Trust
Support costs
107,659
4,405
26,945
134,603
4,406
112.064
26,945
139.009
Unreslricled
Funds
Restricted Total Funds
Funds
2024
Muir of Ord Development Trust
Support costs
115,103
3.476
118.579
37.478
152,581
3,476
37,478
156.057
Expenditure on charitable activities by activity type
Activities
undertaken
directly
Support Total funds
costs
2025
Total fund
2024
Muir of Ord Development Trust
Governance costs
134,603
134,603
4,406
139,009
152,581
3,476
1%,057
4,406
134,603
4,406
14

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements fcontsnued)
Year ended 30 April 2025
Net incomel{expendtture}
Net incomel{expenditure) is slated after chargingllcrediling}-.
2025
2024
Depreciation of tsngible fixed assets
Loss on disposal of fixed assets
18.146
1,458
19,478
10. Independent examination fees
2025
2024
Fees payable lo the independent examiner for..
Independent examination of the financial statements
Other assurance serVI￿S
3,596
810
3.476
4,406
3,476
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2025
2024
Wages and salaries
Employer contributions lo pension plans
24.071
213
29,917
1,643
24,284
31.560
The average head count of employees during the year was 412024.. 31- The average number of
full-time equivalent employees during the year is analysed as follows".
2025
2024
No.
Numberof staff
No employee reTrived employee benefits of more than £60.000 during the year12024.' Nill.
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for
planning, directing and controlling the activities of the charity. The total compensation paid lo key
management personnel for serVI￿S provided to the charity was £11,79512024."£18,5961.
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees.

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 30 April 2025
13. Transfers between funds
An amount of £nil 12024 £1.0381 was transferred from Unrestricted Funds in favour of the
Highland Third Sector Interface Cooking Men's Shed restricted fund to cover the overspend on
this fund.
An amount of £nil12024 £1,000) was transferred from MOOFD Food YPI Reslricled Fund in
favour of unrestn'cted funds lo Cover income misallocated to this project in the prior year.
14. Tangible fixed assets
Freehold Plant and Fixtures and
property machinery
fittings
Motor
vehicles
Total
Cost
At 1 May 2024
Additions
Disposals
At 30 April 2025
Depreciation
At 1 May 2024
Charge for the year
Disposals
At 30 April 2025
Carrying amount
At 30 April 2025
At 30 April 2024
1,250,243
7,705
55,579
16.7881
56,496
24,236
5,800 1.287,984
55,579
18,7881
5,800 1,336,775
1,250,243
24.236
84,717
12,502
5,789
2,710
15,3301
3,169
21,399
2,254
2,320
680
114,225
18,146
15,3301
127,041
97,219
23.653
3,000
1.153,024
53,327
583
2,800 1,209,734
3.480 1. 773.759
1.165.526
1.916
2,837
1S. Debtors
2025
2024
Trade debtors
Prepayments and accrued income
7.543
889
12.875
5,591
8,432
18,46S
16. Creditors: amounts falling due within one year
2025
2024
Trade creditors
Accruals and deferred income
6,611
10,429
17,040
6.455
5,896
12,351
16

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements {contsnuedJ
Year ended 30 April 2025
17. Pensions and other post-retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £21312024.. £1,643>.
18. Analysis of charitable funds
Unrestricted funds
Al
1 May 2024
At30
April 2025
Income Expenditure
Tr8nsfeTS
General funds
131,395}
118.042
{112.0641
125,4171
At
1 May 2023
At30
April 2024
Income Expenditure
Transfers
General funds
137,1541
124,377
{118,5791
{381
131,3941
General funds represent the 'free' reserves of the charity.
17

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements fcontinued)
Year ended 30 April 2025
Restricted funds
Al
1 May 2024
At
Transfers 30 April 2025
Income Expenditure
Restricted Fund
SSE
Big Lottery - Capital
Big Lottery- Revenue
Regional Screen
Scotland- A Cinema
Near You
Highland Third Sector
Interface- Men's Shed
MOO Food YPI
Highland Council
Village Operative
Filmbankmedia Restart
Fund
MOO Food Dandelion
Fund
Tesco Groundworks
Highland Council
1,292.450
12,343
1,557
2,749
{12,5041
18,2331
1.279,946
4.110
7,557
2,749
155
155
1,457
2,086
11,4571
13201
1,766
7,315
11,0101
6,305
203
598
203
598
300
13001
Muir of Ord Community
Council
Highlands & Islands
Climate Hub
Sustainable Spaces
CO-OP
SSE- Solar Panels &
Air Heat Pump
SSE - 11.34 kwp Solar
Panels
CARES - Village Hall
Nel Zero
CARES- SoIar PV &
Heat Pump
500
15001
624
4,372
11401
484
4,372
5,966
{3411
5,625
4.085
1163)
3.922
16,339
{6541
15,685
23,152
11,323)
126,9451
21.829
1.325,909
50,342
1.349,306
18

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 30 April 2025
Al
1 May 2023
Al
Transfers 30 April 2024
Income Expenditure
Restricted Fund
SSE
Big Lottèry - Capital
Big Lottery - Revenue
Region21 Screen
Scotland - A Cinema
Near You
Highland Third Sector
Interface - Men's Shed
MOO Food YPI
Highland Council-
Village Opeotive
Filmbankmedi2 Restart
Fund
MOO Food Dandelion
Fund
Tesco Groundworks
Highland Council
Muir of Ord Community
Council
Highlands & Islands
Climate Hub
Sustainable Spa￿s
Ctrop
SSE- Solar Panels &
Air Heat Pump
SSE- 11.34 kwp Solar
Panels
CARES - Village Hall
Nel Zero
CARES- Solar PV &
Heat Pump
1,305,120
13,653
1,557
2.749
112,6721
{13,8101
1,292,448
12,343
1,557
2,749
12,500
155
155
8.442
2,157
18,0231
929
1,038
11,0001
1.457
2.086
8,805
11,490}
7,315
150
11501
363
{1601
{402)
(850}
203
598
1,000
850
850
18501
624
4,372
624
4,372
1,343,151
20.196
137,4781
38
1,325,907
Highland Council- BMX Track Refurbishment
Funding from towards the resurfacing of the BMX Iraek in Muir of Ord for community use.
Muir of Ord Community Council- BMX Track Refurbishment
Funding towards the resurfacing of the BMX track in Muir of Ord for community use.
SSE
Funding trom SSE Windfarm towards Community Development Manager wst.
Big Lottery - Capital
Final capital payments from the Big Lottery for building maintenance in the Hub, used lo fix
drainage issues.
19

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (continvedj
Year ended 30 April 2025
Big Lottery- Revenue
Big Lottery funding towards Community Development Manager post.
Regional Screen Scotland - A Cinema Near You
Funding from Regional Screen Scotland to restart Muir Movies.
HTSI Cooking Classes
Funding from Highland Third Sector Interface for cooking classes. This project aims lo
strengthen community connections and reduce barriers to participation in community cooking
and baking activities by supporting people who have been affected by auslerty measures and
the Covid-19 pandemic to purchase essential kitchen equipment.
HIE Tourism Project
Funding from to c￿ale a package of events and marketing media that visitors, businesses and
the commurlity can engage with throughout the year.
HTSI Men's Shed
Funding from for starbng a Men's Shed.
MOO Food YPI
Funding fron7 the Wood Foundation towards MOO Food project costs.
Highland Council - Village Operatlve
Funding from the Highland Council towards the Village Operative project.
Filmbankmedia Restart Fund
Funding from Cinema for All towards restarting Muir Movies.
Moo Food Dandelion Fund
Funding from Dandelion Community Grants Fund towards the Moo Food project costs.
Tesco Groundworks
Funding from Tesco Groundworks towards project costs
Highland Council
Funding from Highland Council towards the annual Pensioners Christmas Dinner.
Muir of Ord Community Council
Funding from Muir of Ord Community Council towards plants for events.
Highlands & Islands Climate Hub Sustainable Places
Funding towards the purchase of a dishwasher and crockery for the village hall.
20

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Financial Statements (conrfnue4Y)
Year ended 30 April 2025
Coop Parents with Young Children
Coop funding for children's toys and materials for the new Hub.
SSE- 7.24KW solar panels & heat pump
Funding towards the installation of 7.24KW solar panels and heat pump.
SSE- 11.34KW solar panels
Funding towards the installation of 7.24KW solar panels
Community & Renewables Energy Scheme ICARESI
Funding towards the installation of solar panels
Community & Renewables Energy Scheme (CARESI
Funding towards the installation of an solar panels and heal pump.
19. Analysis of net assets between funds
Unrestricted
Funds
Restricted Totsl Funds
Funds
2025
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
6,439
114,8161
117,0401
{25,4171
1,203,295
146,011
1.209,734
131,195
117,0401
1.323,889
1,349,306
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
2,532
121,5771
112,3501
{31,3951
1,171,227
154,682
1.173,759
133,105
112,3501
1,294,514
1,325.909
20. Operating lease ¢ommitments
The total future minimum lease payments under non-cancellable operating leases are as follows..
2025
2024
Not later than 1 year
Later than 1 year and not later than 5 years
686
2,400
3.086
21. Related parties
No Trustee or other person related lo the charity had any personal Inte￿St in any contract or
transaction entered into by the charity during the year12024 - £nill.
21

Muir of Ord Development Trust
Company Limited by Guarantee
Management Information
Year ended 30 April 2025
The following pages do not form part of the financial statements.
22

Muir of Ord Development Trust
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 30 April 2025
2025
2024
Income and endowments
Donations and legacies
Donations
SSE
Community ancl Renewables Energy Scheme {CARES}
Tesco
Highland Council
Muir of Ord Communty Council
Highlands & Islands Climate Hub Sustainable Spaces
Co-op
1,450
10,051
39,491
18,442
12,500
1,000
850
850
624
4.372
300
500
51,792
38,638
Charitable activities
Muir Matters Sales
Hall Rental Income
Hub Rental Income
Muir Matters Advertising income
Gala Advertising income
Recharge Income
Gala income
Events income
Sponsorship incorne
Other income
2,015
24,957
25,873
3.400
540
7.622
38,957
1,628
10,700
goo
2,323
21,720
29,212
3.868
1,020
9.237
32,419
736
5,400
116,592
105,935
Total income
168,384
144.573
23

Muir of Ord Development Trust
Company Limited by Guarantee
Detailed Statement of Financial Activities (tonfrnued)
Year ended 30 April 2025
2025
2024
Expenditure
Expenditure on charitable activities
Purchases
Wages and salaries
Pensic>n costs
Rates and water
Light and heal
Repairs and maintenance
Insurance
Other estsblishmenl
Motor vehicle expenses
Olhei rnolorltravel costs
Legal and professional fees
Telephone
Olhei office costs
Depreciation
Loss on disposal of fixed assets
t)onations m2de
Bank charges
Marketing and consultation
Sub-¢Dnlractor costs
Volunteer costs
Bad debts
Events expenditure
Sundry expenses
Grant paid
Catering and entertainment costs
164
24,071
213
2,250
21,368
8.150
5.094
1.225
1,211
168
29,917
1,643
1,477
30.263
8.828
5.388
1,065
475
19
9,672
2,998
3,976
19,478
4,640
1,817
3.203
18.147
1,458
175
655
908
648
2,070
1,104
528
495
38,772
50
11.0001
107
41,655
159
262
139,009
156,057
Total expenditure
139,009
156.057
Net incomellexpenditurel
29.375
111,4841
24

Muir of Ord Development Trust
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 30 April 2025
2025
2024
Expenditure on charitable activities
Muir oford Development Trust
Activities undertaken directly
Purchases
Wages and salaries
Pension costs
Rates and water
Light and heat
Repairs and maintenance
Insurance
Subscriptions
Motor expenses
Travel expenses
Legal and professional fees
Telephone
Other office costs
Depreciation
Loss on disposal
Donations made
Bank charges
Marketing and consullalion
Subcontractor costs
Volunteer costs
Bad debts wrillen off
Events expenditure
Sundry Expenses
Grants paid
Catering and entertainment costs
164
24.071
213
2,250
21.368
8,150
5,094
1,225
1.211
168
29,917
1,643
1,477
30,263
8,828
5,388
1.065
475
19
6,196
2,998
3.976
19.478
234
1,817
3,203
18,147
1,458
175
655
908
648
2.070
1.104
528
495
38,772
50
{1,0001
107
100
41,655
159
262
134,603
152,581
Governance costs
Governance costs - accountancy fees
4,406
3,476
Expendlture on charitable activities
139,009
156,057
25