**REGISTERED CHARITY NUMBER: SC045009** 

## **Report of the Trustees and** 

**Unaudited Financial Statements for the Year Ended 31 December 2025** 

## **for** 

## **GRIMSAY COMMUNITY ASSOCIATION** 

Mann Judd Gordon Ltd Chartered Accountants 

26 Lewis Street Stornoway Isle of Lewis HS1 2JF 



**GRIMSAY COMMUNITY ASSOCIATION** 

**Contents of the Financial Statements for the Year Ended 31 December 2025** 

||**Page**|
|---|---|
|**Report of the Trustees**|1 to  4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7|
|**Notes to the Financial Statements**|8 to  13|
|**Detailed Statement of Financial Activities**|14|





**GRIMSAY COMMUNITY ASSOCIATION** 

## **Report of the Trustees for the Year Ended 31 December 2025** 

The trustees present their report with the financial statements of the charity for the year ended 31 December 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 main charitable purposes are: 

- The advancement of citizenship and community development through the establishment and operation of the Grimsay Centre (Ceann na h-Airigh) in North Uist for the benefit of the local community and others; 

- The advancement of the arts, heritage and culture in relation to local history of Grimsay and  the Hebrides and  the promotion of the Gaelic culture; 

- The advancement of environmental improvement through the reduction of Grimsay's carbon footprint by the development of a local food and growing programme, and by the local provision of social and cultural events and lifeline services; 

- The provision of the Grimsay Centre (Ceann na h-Airigh) as a facility where recreational activities can be carried out, with the purpose of improving the conditions of life for the persons within the local community for whom the activities are primarily intended; 

- The advancement of education through instruction in music, the arts, food growing and the provision of other cultural and practical activities, and by creating and publishing booklets, catalogues, CDs and Web media in local culture, history and technology. 

Page 1 



**GRIMSAY COMMUNITY ASSOCIATION** 

## **Report of the Trustees for the Year Ended 31 December 2025** 

## **ACHIEVEMENTS AND PERFORMANCE Charitable activities** 

2025 was a year of challenges but the organisation met these challenges. GCA operated without a permanent manager for most of the year. 

Key successes during 2025 have been: 

- Continuing to implement elements of the 2023-2027 5-year strategy. 

- The continued success of the Scandinavian Bakery for the first 9 months of the year 

- Delivering a varied and exciting programme of valued events and activities. 

- The establishment of regular music sessions. 

- Resurrecting an annual Grimsay Day celebrating the heritage of the Grimsay Boats 

- Expansion of the shop with resultant increase in income 

## Management 

Anne Wilson, Heritage Centre Manager, and Sara Stewart, Community Engagement Coordinator (CEC) provided management stability throughout the year. They were responsible for continuing to steer GCA through a period of significant challenges. 

One of these challenges was continuing to provide a cafe services after the previous leaseholder terminated the café lease a year early. This was done successfully, evidenced by positive feedback from café users. 

## Community Programming 

GCA undertook a wide range of activities in 2025, including art and craft workshops, dry stane dyking, a programme of popular talks, and exhibitions of work from local artists. Feedback continues to reflect the value these opportunities bring to our communities, as well as informing future activity programming. We continue to build on our strengths to develop our activity programming, with a focus on offering learning and skills development opportunities that are of interest and accessible to all in our communities. There has been increasing use of Gaelic in these programmes. 

## Services 

The Grimsay Post Office has continued to provide essential community services. 

The Scandinavian Bakery, which took over the café lease in September 2023 continued to provide a distinctive offering at Ceann na h-Àirigh. This in turn gives a good source of income to the Centre. However, the leaseholder left a year before the end of lease period. No suitable replacement leaseholder and therefore took the café service in-house from October 2025. 

In addition, the shop selling goods produced by local traders continues to do expand with commission from the products providing another income stream. 

## Volunteers 

GCA would not be nearly as successful as it is without the help, and input, of a large number of volunteers who give freely of their time. The work they carry out includes: 

- Managing the Centre & polytunnel. As well as beds which are used by the community, a wide range of produce is grown and sold. The proceeds from these sells helps support the work of GCA. 

- Organising and running fundraising events 

- Assisting with curatorial tasks 

- Providing building services which reduces the cost of engaging tradesmen. 

## Architectural services 

GCA was awarded a grant from the Community Led Local Development fund to purchase architectural services for the planned extension to Ceann na h- Àirigh (Griomasaigh Còmhla (Grimsay Together). This work was carried out by Renshaw Architectural Services and Alan Ogg, QS. This completed This completed RIBA stage 4 of the project.  We are now fundraising to move the project into RIBA stage 5. 

Griomasaigh Còmhla is the culmination of a 25-year commitment by the island of Grimsay to its unique island vernacular boat building and fishing traditions. It links heritage, skills, community pride and public engagement, and consolidates all that has gone before, to future proof our boat museum - the only maritime museum in the Outer Hebrides. 

Page 2 



**GRIMSAY COMMUNITY ASSOCIATION** 

## **Report of the Trustees for the Year Ended 31 December 2025** 

## **FINANCIAL REVIEW** 

## **Financial position** 

At the end of 2025 he financial position better than the previous year. A sizable donation from an anonymous benefactor to maintain staffing levels has meant that GCA can operate in a far better way, a way that comes from financial stability. These ring-fenced funds should give financial stability in the medium term. 

The Trustees see this as an opportunity to develop income generation although in the longer term the position remains fragile. However, fundraising efforts will need to be maintained as GCA has an annual operating loss. 

If successful in obtaining funding for the planned extension, income should increase considerably through an expanded café, a larger shop area and the opportunities that additional space will deliver for more, as well as larger, events. The extension is likely to be completed in 2028. 

## **Reserves policy** 

The Trustees are grateful to CnES for their forbearance throughout the COVID pandemic and subsequent recovery, which has prevented repayment of loan funding. GCA is now negotiating with CnES a repayment schedule for the outstanding £20,000 loan and hope to reach a resolution soon. 

## **FUTURE PLANS** 

Bids for grants to complete Griomasaigh Còmhla are currently being made, as well as a public appeal, to fund the project. There is tremendous support from the local Uist community and wider Grimsay diaspora, local and national politicians, Bord na Gàedhlig and other local heritage groups with whom GCA is formalizing partnership working. There are also initiatives to increase income from the shop by revamping the shop footprint as well as expanding the range and types of goods sold. 

Events and activities have attracted large audiences over the past year with the community and visitors enjoying the monthly music sessions and Grimsay Folk and Live Music Club, heritage-based craft workshops, book sales, bingo and quiz nights and a very successful Pre-Loved Sale. There are plans to increase the number and type of community events GCA offers as these generate steady, regular income. 

GCA intends applying for Museum Accreditation. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

Grimsay Community Association is a Scottish Charitable Incorporated Organisation and the purposes and administration arrangements are set out in the constitution which was adopted on 21 July 2014. 

## **Recruitment and appointment of new trustees** 

The Members of the Board, who are the trustees for the purposes of charity law, are appointed at the annual general meeting. At each annual general meeting at least one third of the board must retire, but those retiring are eligible for re-election. 

## **Commencement of activities** 

Although the Grimsay Community Association began in 1999 as an unincorporated association, we converted to our present form - Scottish Charitable Incorporated Organisation -  only in 2014 in order to take over the running of the new Grimsay centre at Ceann na h-Airigh. The previous unincorporated body (charity number SC032201) transferred its funds and assets to the new organisation (charity number SC045009) on 4 November 2014. This transfer included the building known as the old Free Church in Grimsay, purchased by the former charity for £120,000 during 2014. 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Charity number** 

SC045009 

Page 3 



GRIMSAY COMMUNITY ASSOCIATION
Report of the Ti'ustees
for the Y¢ai' Ended 31 De¢cmbei' 2025
Prlnelpal addi'ess
Ceaiiii li-Aii-ig]i
Scotvein
Grimsay
Isle of North Uist
Westcrn Isles
HS6 5JA
Trustees
I Williainsoii Cliaii. and TYeasur¢r
D M Macviear Secretary
N G M Ingledew
A MacKinnon
D Maclure
R J MacLean
A fJancey
R Sprati
Indepethdent Exgmln¢r
Mat)n Judd Gordon Lld
Cliailered AccountaE)iS
26 Lewis Sireel
Stomnway
Isle of Lcwis
HSI 2JF
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Tlie tiustees ale i"e5P0115ible for pi'eparing the Report of the Trustees and the financial slateinei)ts iii accol'dance witb
applicable law and United Kingdoin Accouliling Standards (United Kingdom Gen¢i'ally A¢ttpted A¢¢ounting Pi?ctice).
Cliaiity law ttquire% the tnL8tees to prepare fjnancitl staiemellts for each finan¢ial year. Under tha¢ law, tlie In￿ree$
have eleeied 10 prepai'e Ilie financial statenients in accoiylance with United Kingdoni Generally Aecepied Accounting
Practice {United Kingdoni AL¢oun¢ing Siandards and applicable lawl.
Under chai'ity law tlit trllslees must not approve the financial 5tatement5 unl¢s5 they ale Satisfied tliat they gtve a true
and faii. view of the state tsf affairs of the charity and of tlie incoming ￿017l￿¢S and application of resources, including
the incojnc and cxpendithr< of the cliarity for thgt period. lrt pr¢pai'ing thosc flnancial stateinents, tljc trL]Stccs arc
Irquii'ed to
select suitable accounting poli¢ies aod then apply them consistently.
obs￿ve die niethods aiid principle5 jll the Chai"ities SORP.
makejudgcments and estiiiiates that air reasonable and VTu4Jent.
prepare tli¢ financial stateinenL8 on tlie going collcern basis unless it is inappropTiate io presume that the charity will
continue irt business.
The trustees are iESPOIJSLble for keeping propel. accounting re¢oi"ds wljicli disLlos¢ willi iEagonable accuracy al any tiine
the fiDancial ptssition of the cliai'ily and lo enable iliem lo en5UTe thai the financial %iaietnenls COTnply witlj the ChaTities
alld Tiuslee l*)ve5tinent (Stotland) A¢t 2005 and The Charities Accoiints (Scotland) Re￿lIatIonS 2006 {a5 amendcd).
Tliey Arc also irspon5ible lor safeguarding the 8ssets of tlie Ch￿￿ty and lience for taking reasonable steps for thc
pi'evention and detection of fraud and o¢heT irregulAI'ities.
Approved by order of tlie bTr8rd of trustees on 4 August 2026 and signed on its belialf by..
Williamson - Trustee
Page 4

## **Independent Examiner's Report to the Trustees of Grimsay Community Association** 

I report on the accounts for the year ended 31 December 2025 set out on pages six to thirteen. 

## **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 I 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 

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and 

- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations 

have not been met; or 

- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 


A Cumming The Institute of Chartered Accountants of Scotland 

Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HS1 2JF 

4 August 2026 

Page 5 



## **GRIMSAY COMMUNITY ASSOCIATION** 

## **Statement of Financial Activities for the Year Ended 31 December 2025** 

|Unrestricted<br>funds<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>25,744<br>Other trading activities<br>3<br>47,898<br>**Total**<br>73,642<br>**EXPENDITURE ON**<br>Raising funds<br>13,311<br>**Charitable activities**<br>Charitable activities<br>32,541<br>**Total**<br>45,852<br>**NET INCOME**<br>27,790<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>(10,079)<br>**TOTAL FUNDS CARRIED FORWARD**<br>17,711|Restricted<br>funds<br>£<br>72,559<br>-<br>72,559<br>-<br>39,078<br>39,078<br>33,481<br>749,283<br>782,764|31.12.25<br>31.12.24<br>Total<br>Total<br>funds<br>funds<br>£<br>£<br>98,303<br>70,321<br>47,898<br>38,445<br>146,201<br>108,766<br>13,311<br>8,497<br>71,619<br>48,312<br>84,930<br>56,809<br>61,271<br>51,957<br>739,204<br>687,247<br>800,475<br>739,204|
|---|---|---|



The notes form part of these financial statements 

Page 6 



GRIMSAY COMMUNITY ASSOCIATior4
•IAn¢e Sheet
31 De¢ember 2025
31.12.25
Totsl
31.12.24
TolNI
Unr¢siri¢i¢d
funds
Restric￿d
fvnds
Notes
FIXED ASSETS
Tangible ￿¢ts
751,806
751,806
722,313
CURRENT A￿ETs
C85h at bank
38.311
30.958
69269
37.491
CREDITORS
Amoiinls fdllin8 due within one year
{600)
(600)
{600)
NET CURRENT ASSETS
TOTAL ASSETS LFSS CURRENT
LIABILITIES
37.711
781764
820.475
759204
CREDITORS
Amoun1$ fo11in8 due 4ft¢T more thgn one y¢&r
(20,0001
(20,000)
120,000)
NET ASSETS
800 475
739 204
FUNDS
Unrestricted fund$'.
Gencral fund
Re51ri¢l¢d fund$'.
Revenue fund
Capital fvnd
10
17.711
(10,079)
49,085
733 679
43,761
705 522
749 283
TOTAL FUNDS
The fin&ncial statements wer¢ ¥pproved by the Board of TN$t¢¢$ and avthorised for is8ue on 4 August 2026 ond were
Si8ned on its behalf by:
N G M In8led¢w. Tn￿tte
The notw fi)nn pjrt of thu¢ f￿ancIal stat¢m¢nt8
Pa8e 7

**GRIMSAY COMMUNITY ASSOCIATION** 

## **Notes to the Financial Statements for the Year Ended 31 December 2025** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, 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 Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention. 

The presentation currency of the accounts is Pound sterling (£). The accounts are rounded to the nearest £1. 

## **Financial reporting standard 102 - reduced disclosure exemptions** 

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': 

- the requirements of Section 7 Statement of Cash Flows; 

- the requirement of paragraph 3.17(d); 

- the requirements of  paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c); 

- the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A; 

- the requirement of paragraph 33.7. 

## **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. 

Freehold property -  not provided Improvements to property -  not provided 

## **Taxation** 

The charity is exempt from 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. 

continued... 

Page 8 



**GRIMSAY COMMUNITY ASSOCIATION** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2025** 

## **2. DONATIONS AND LEGACIES** 

|**2.**|**DONATIONS AND LEGACIES**|||
|---|---|---|---|
|||31.12.25|31.12.24|
|||£|£|
||Donations|54,524|29,938|
||Gift aid|6,000|-|
||Grants|37,779|40,383|
|||98,303|70,321|
||Grants received, included in the above, are as follows:|||
|||31.12.25|31.12.24|
|||£|£|
||Comhaile nan Eilean Siar|28,800|-|
||UCVO|3,479|5,015|
||HIE|3,000|-|
||Comm na Gaeldhig|-|160|
||Williams Syson|-|2,000|
||Pear Tree Trust|2,500|2,500|
||Community Led Local Development (CLLD)|-|21,108|
||The Crown Estate|-|9,600|
|||37,779|40,383|
|**3.**|**OTHER TRADING ACTIVITIES**|||
|||31.12.25|31.12.24|
|||£|£|
||Fundraising events|3,695|4,533|
||Post Office|5,125|4,625|
||Markets / Shop|26,111|13,385|
||Food|10,580|14,565|
||Hires|1,896|1,030|
||Miscellaneous Income|491|307|
|||47,898|38,445|



## **4. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. 

continued... 

Page 9 



## **GRIMSAY COMMUNITY ASSOCIATION** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2025** 

|**5.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>funds<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>10,876<br>Other trading activities<br>38,445<br>**Total**<br>49,321<br>**EXPENDITURE ON**<br>Raising funds<br>8,497<br>**Charitable activities**<br>Charitable activities<br>31,703<br>**Total**<br>40,200<br>**NET INCOME**<br>9,121<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>(19,200)<br>**TOTAL FUNDS CARRIED FORWARD**<br>(10,079)<br>**6.**<br>**TANGIBLE FIXED ASSETS**<br>Improvements<br>Freehold<br>to<br>Plant and<br>property<br>property<br>machinery<br>£<br>£<br>£<br>**COST**<br>At 1 January 2025<br>259,000<br>460,097<br>3,216<br>Additions<br>-<br>28,800<br>-<br>At 31 December 2025<br>259,000<br>488,897<br>3,216<br>**DEPRECIATION**<br>At 1 January 2025<br>-<br>-<br>-<br>Charge for year<br>-<br>-<br>643<br>At 31 December 2025<br>-<br>-<br>643<br>**NET BOOK VALUE**<br>At 31 December 2025<br>259,000<br>488,897<br>2,573<br>At 31 December 2024<br>259,000<br>460,097<br>3,216|<br>Restricted<br>funds<br>£<br>59,445<br>-<br>59,445<br>-<br>16,609<br>16,609<br>42,836<br>706,447<br>749,283<br>Computer<br>equipment<br>£<br>3,725<br>1,491<br>5,216<br>3,725<br>155<br>3,880<br>1,336<br>-|Total<br>funds<br>£<br>70,321<br>38,445<br>108,766<br>8,497<br>48,312<br>56,809<br>51,957<br>687,247<br>739,204<br>Totals<br>£<br>726,038<br>30,291<br>756,329<br>3,725<br>798<br>4,523<br>751,806<br>722,313|
|---|---|---|



continued... 

Page 10 



**GRIMSAY COMMUNITY ASSOCIATION** 

|||**Notes to the Financial Statements - continued**||||
|---|---|---|---|---|---|
|||**for the Year Ended 31 December 2025**||||
|**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||||31.12.25||31.12.24|
|||||£|£|
||Other creditors|||600|600|
|**8.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE**||**YEAR**|||
||||31.12.25||31.12.24|
|||||£|£|
||Other creditors|||20,000|20,000|
|**9.**|**LOANS**|||||
||An analysis of the maturity|of loans is given below:||||
||||31.12.25||31.12.24|
|||||£|£|
||Amounts falling between one and two years:|||||
||Other loans - 1-2 years|||20,000|20,000|
|**10.**|**MOVEMENT IN FUNDS**|||||
|||||Net||
||||movement||At|
|||At 1.1.25|<br>in funds||31.12.25|
|||£||£|£|
||**Unrestricted funds**|||||
||General fund|(10,079)||27,790|17,711|
||**Restricted funds**|||||
||Revenue fund|43,761||5,324|49,085|
||Capital fund|705,522||28,157|733,679|
|||749,283||33,481|782,764|
||**TOTAL FUNDS**|739,204||61,271|800,475|
||Net movement in funds, included in the above are as follows:|||||
|||Incoming|<br>Resources||Movement|
|||resources|<br>expended||in funds|
|||£||£|£|
||**Unrestricted funds**|||||
||General fund|73,642|(45,852)||27,790|
||**Restricted funds**|||||
||Revenue fund|43,759|(38,435)||5,324|
||Capital fund|28,800||(643)|28,157|
|||72,559|(39,078)||33,481|
||**TOTAL FUNDS**|146,201|(84,930)||61,271|



continued... 

Page 11 



**GRIMSAY COMMUNITY ASSOCIATION** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2025** 

## **10. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Revenue fund<br>Capital fund<br>**TOTAL FUNDS**|At 1.1.24<br>£<br>(19,200)<br>24,433<br>682,014<br>706,447<br>687,247|Net<br>movement<br>in funds<br>£<br>9,121<br>21,728<br>21,108<br>42,836<br>51,957|Transfers<br>between<br>funds<br>£<br>-<br>(2,400)<br>2,400<br>-<br>-|At<br>31.12.24<br>£<br>(10,079)<br>43,761<br>705,522<br>749,283<br>739,204|
|---|---|---|---|---|



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

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Revenue fund<br>Capital fund<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>49,321<br>38,337<br>21,108<br>59,445<br>108,766|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(40,200)<br>9,121<br>(16,609)<br>21,728<br>-<br>21,108<br>(16,609)<br>42,836<br>(56,809)<br>51,957|
|---|---|---|



A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Revenue fund<br>Capital fund<br>**TOTAL FUNDS**|At 1.1.24<br>£<br>(19,200)<br>24,433<br>682,014<br>706,447<br>687,247|Net<br>movement<br>in funds<br>£<br>36,911<br>27,052<br>49,265<br>76,317<br>113,228|Transfers<br>between<br>funds<br>£<br>-<br>(2,400)<br>2,400<br>-<br>-|At<br>31.12.25<br>£<br>17,711<br>49,085<br>733,679<br>782,764<br>800,475|
|---|---|---|---|---|



continued... 

Page 12 



**GRIMSAY COMMUNITY ASSOCIATION** 

## **Notes to the Financial Statements - continued for the Year Ended 31 December 2025** 

## **10. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Revenue fund<br>Capital fund<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>122,963<br>82,096<br>49,908<br>132,004<br>254,967|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(86,052)<br>36,911<br>(55,044)<br>27,052<br>(643)<br>49,265<br>(55,687)<br>76,317<br>(141,739)<br>113,228|
|---|---|---|



## **11. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 December 2025. 

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## **GRIMSAY COMMUNITY ASSOCIATION** 

||**Detailed Statement of Financial Activities**|**Detailed Statement of Financial Activities**|||
|---|---|---|---|---|
||**for the Year Ended 31 December 2025**||||
||||31.12.25|31.12.24|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|**INCOME AND ENDOWMENTS**|||||
|**Donations and legacies**|||||
|Donations|16,244|38,280|54,524|29,938|
|Gift aid|6,000|-|6,000|-|
|Grants|3,500|34,279|37,779|40,383|
||25,744|72,559|98,303|70,321|
|**Other trading activities**|||||
|Fundraising events|3,695|-|3,695|4,533|
|Post Office|5,125|-|5,125|4,625|
|Markets / Shop|26,111|-|26,111|13,385|
|Food|10,580|-|10,580|14,565|
|Hires|1,896|-|1,896|1,030|
|Miscellaneous Income|491|-|491|307|
||47,898|-|47,898|38,445|
|**Total incoming resources**|73,642|72,559|146,201|108,766|
|**EXPENDITURE**|||||
|**Raising donations and legacies**|||||
|Payments to traders|13,311|-|13,311|8,497|
|**Charitable activities**|||||
|Insurance|1,870|-|1,870|1,670|
|Utilities|5,302|-|5,302|5,164|
|Telephone & I.T.|4,065|-|4,065|2,183|
|PR and Postage|231|-|231|-|
|Miscellaneous|799|-|799|547|
|Supplies and Equipment|7,933|-|7,933|913|
|Food|-|-|-|455|
|Programme Officers|10,349|38,280|48,629|34,373|
|Computer equipment|-|-|-|508|
|Repairs and renewals|1,032|-|1,032|680|
|Depreciation - equipment|-|643|643|-|
|Depreciation - computers|-|155|155|931|
||31,581|39,078|70,659|47,424|
|**Support costs**|||||
|**Governance costs**|||||
|Accountancy and legal fees|960|-|960|888|
|Total resources expended|45,852|39,078|84,930|56,809|
|**Net income/(expenditure)**|27,790|33,481|61,271|51,957|



This page does not form part of the statutory financial statements 

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