2025-06-30-accounts - Connect Assynt Ltd

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Charity number: SC045852 Company number: SC402621

Connect Assynt Ltd

Trustees’ Report and Financial Statements Year ended 30 June 2025

Connect Assynt Ltd

Report of the Trustees

Year ended 30 June 2025

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 30 June 2025.

Reference and administrative information

Charityname	ConnectAssynt Ltd
Charity number	$C045852
Company number	$C402621
Registered office	The Mission
	CulagSquare
	Lochinver
	By Lairg
	Sutherland
	IV27 ALE
Operational address	As above
Directors/trustees	MGAnderson (appointed 18 March 2025)
	Aj Cousens (appointed 18 March 2025)
	R Kerr
	G M Richards
	JRYoung
Secretary	None
Independent examiner	TP Wright
	Chartered Accountant
	396 Elphin
	By Lairg
	1V27 4HH
Bankers	Royal BankofScotland Pic
	West Argyle Street
	Ullapool
	Ross-Shire
	IV262TY

Connect Assynt Ltd Report of the Trustees:

Year ended 30 June 2025 ,

Structure, governance and management Connect Assynt Ltd is a company limited by guarantee and not having a share capital, governed by its Memorandum and Articles of Association, incorporated on 29 June 2011, and is registered as a charity with the Office of the Scottish Charity Regulator. in the event of the company being wound up, members are required to contribute a sum not exceeding £1.

The management of the company is the responsibility of the trustees (also referred to in this report and the financial statements as the directors) who are elected under the terms of the Memorandum and Articles of Association. New directors are elected annually at the AGM by vote in person or by proxy.

The company is a membership organisation and the members are responsible for electing the Board of Directors which meets on a regular basis to consider the strategic decisions. The implementation is then delegated to employees.

Recruitment, appointment, induction and training of trustees

The trustees have the power to appoint and assume such other trustee as they feel necessary for the purposes of the administration of the Trust.

New trustees are expected to spend time with the existing trustees to familiarise themselves with:

The duties of Board Members;
The main documents that set out the operational framework for the charity, including the Trust Deed and
Memorandum and Articles of Association;
The work of the Trust and its finances, referring to the last annual accounts and the recent Board Minutes;
The strategy that has been adopted;
¢ The plans and objectives that flow from that strategy;
The Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland)
Regutations 2006 (as amended). :

The overall management and policy decisions are the responsibility of the trustees who are appointed under the terms of the Trust Deed and Articles of Association.

Aims and objectives | The object of the Company is ta provide a community transport service for such of the inhabitants of Assynt and its neighbourhood who are in need of such a service because of age, sickness or disability (mental or physical), or poverty, or because of a lack of availability of adequate and safe public passenger services.

Achievements and performance

Reached more residents than ever, helping them stay socially active and connected.
- Ran trips for all ages, giving both children and adults enjoyable outings. © Built stronger ties with local groups, increasing participation from across the community. * introduced new types of trips, offering fresh experiences for everyone.

Connect Assynt Ltd Report of the Trustees

Year ended 30 June 2025

Financial review

The results for the year are set out in the attached financial statements. Policy on reserves:

Substantial unrestricted reserves are necessary for management of cash flow and the charity wishes to attain a level of reserves that would meet the charity’s commitments for a period of twelve months should other income not be available.

Future plans

e Plan themed trips, e.g., seasonal or special events.
e Expand trips to be more accessible for people with mobility challenges.
Encourage more family participation with trips suitable for all ages.
e Fundraise for a new minibus to increase capacity and improve comfort.
Explore additional fundraising to expand the number and variety of trips available.

Trustees’ responsibilities in relation to the financial statements

The trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare accounts for each financial year that give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of the company for that year. In doing so the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company disclosure

This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

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VA, wasapproved bythe boardon / TA; LARCHLl!WIA
KODERICK KERR
Trustee
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Connect Assynt Ltd

Statement of financial activities

for the year ended 30 June 2025

	Notes	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	2025	Funds	Funds	2024
		£	£	£	£	£	£
Income and endowments	from:
Donations and legacies	2	12,416	-	12,416	311	9,953	10,264
Charitable activities	3	11,897	-	11,897	8,732	-	8,732
Totalincomingresources		(24,313	oe	24,313	9,043	9,953	18,996
Resourcesexpended:
Charitable activities	4	22,663	16,957	39,620	10,754	29,224	39,978
Total resourcesexpended		22,663	16,957	39,620	10,754	29,224	39,978
Net incoming/outgoing
resources beforetransfers		1,650	{16,957)	(15,307)	(1,711)	= (19,271)	(20,982)
Transfers	9	-	-	-	(1,597)	1,597	-
		re
Netmovement in funds
aftertransfers		1,650	(16,957)	(15,307)	(3,308)	(17,674)	(20,982)
Total funds brought
forward	9	13,266	84,983	98,249	16,574	102,657	119,231
		. BE			.		—
Total funds carried
forward	9	14,916	68,026	82,942	13,266	84,983	98,249

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes form part of these financial statements.

Connect Assynt Ltd

Summary income and expenditure account for the year ended 30 June 2025

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Turnover|24,313|18,996| |Administrative|and|other|expenses|(39,620)|(39,978)| |Net|surplus|/|(deficit)|for the year|(15,307)|(20,982)|

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The Income and Expenditure account includes all gains and losses in the year and therefore a Statement of Total Recognised Gains and Losses has not been prepared.

All of the above amounts relate to continuing activities.

Connect Assynt Ltd

Balance Sheet

as at 30 June 2025

	Notes		2025			2024
			£			£
Fixed assets
Tangible assets	6		67,832			84,789
Current assets
Debtors	7	499			-
Cash at bank and in hand		15,204			13,912
		15,703			13,912
Creditors: amounts fallingdue within
oneyear	8	(593)			(452)
		oo		OO
Net current assets			15,110			13,460
Net assets			82,942			98,249
Represented by:
Restricted funds	9		68,026			84,983
Unrestricted funds	9		14,916			13,266
			82,942			98,249

The directors are satisfied that the company is entitled to exemption under Section 477 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Act.

The directors acknowledge their responsibilities for:

{i) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006; and

(ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its income and expenditure 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 accounts, so far as applicable to the company.

The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the board and signed on its behalf on IGS SABRC

20 QE

ALICE TEAW Cous Eris:

Trustee

Company registration number $C402621

Connect Assynt Ltd Notes to the Accounts

for the year ended 30 June 2025

1 Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

Basis of accounting

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s Memorandum and Articles of Association, The Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 {as amended) and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities 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).

Donations

Donations received are recorded at the time the charity becomes entitled to the resource.

Membership fees

Membership fees received are recorded at the time of receipt.

Grants

Grants received are included in incoming resources when they are receivable, except when conditions attached to such grants have not yet been fulfilled, when the income is deferred.

Expenditure

Expenditure is included on the accruals basis, gross of irrecoverable VAT, and recognised when there is a legal or constructive obligation to pay.

Fund accounting

Restricted funds: funds held which are resticted for use for specific purposes. Unrestricted funds: funds which the trustees are free to use, in accordance with the charitable objects.

Designated funds: funds which the trustees set aside for a specific purpose.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Office equipment Vehicles

25% straight line 20% written down value

Connect Assynt Ltd

Notes to the Accounts

for the year ended 30 June 2025

2 Donations and legacies

Donations andand legacies
	Unrestricted	Restricted	Total	Total
	Fund	Funds	2025	2024
	£	£	£	£
Donations	216	-	216	311
Energy Saving Trust -charger grant	-	-	-	9,953
Highland 3rd Sector	10,000	-	10,000	-
Edinburgh Sutherland Association	200	-	200	-
Assynt CroftersTrust	2,000	-	2,000	-
	12,416	-	12,416	10,264
~=Charitable activities
	Unrestricted	Restricted	Total	Total
	Fund	Funds	2025	2024
	£	£	£	£
Hire, tripsand fares	3,094	-	3,094	3,179
Highland Council SLA	7,500	-	7,500	5,000
Bus Service Operator's Grant	1,303	-	1,303	553
	———1L8o7		8978,732	8,732
Total income	24,313	-	24,313	18,996
Resourcesexpended on
charitable activities
	Unrestricted	Restricted	Total	Total
	Fund	Funds	2025	2024
	£	£	£	£
Fuel	1,544	-	1,544	1,493
Vehicle maintenance	5,093	-	5,093	2,425
Vehicle insurance and road tax	3,237	-	3,237	3,359
Vehicle/charge point depreciation	-	16,957	16,957	21,197
Wages and salaries	10,731		10,731	8,754
Rent	-	-	-	648
Insurance	424	-	424	355
Telecommsand officesupplies	851	-	851	1,055
ITand website	237	-	237	245
Sundry expenses	196	-	196	122
Accountancyfees	350	-	350	325
	22,663	16,957	39,620	39,978

3. ~=Charitable activities

4 Resources expended on charitable activities

5 Directors’ remuneration and expenses

None of the directors (or any persons connected with them) received any remuneration or expenses during the year (2024 - nil).

Connect Assynt Ltd

Notes to the Accounts

for the year ended 30 June 2025

6 Tangible fixed assets

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|||||||||| |---|---|---|---|---|---|---|---|---| |Electric| |Office|charge|Total| |equipment|Minibus|EV|minibus|point|£| |Cost| |At|1|July|2024|1,247|42,194|112,815|9,953|166,209| |Additions|-|-|-|-|-| |At|30 June|2025|1,247|42,194|112,815|9,953|166,209| |Depreciation| |At|1|July|2024|1,247|37,569|40,613|1,991|81,420| |Charge|for the year|-|925|14,440|1,592|16,957| |At|30 June 2025|1,247|38,494|55,053|3,583|98,377| |Net|book|value| |At|30 June 2025|-|3,700|57,762|6,370|67,832| |At|30 June 2024|-|4,625|72,202|7,962|84,789| |7|Debtors|2025|2024| |£|£| |Debtors|and|prepayments|499|-| |8|Creditors: amounts falling|due|within|one year|2025|2024| |£|£| |Creditors and|accruals|593|452|

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Connect Assynt Ltd

Notes to the Accounts

for the year ended 30 June 2025

						.
9	Reserves		At01/07/24	Income	Expenditure	Transfers	At 30/06/25
			£	£	£	£	£
	Restrictedfunds:	:
	Donation from Friends ofAssynt		194	-	-	-	194
	Fixed assets, being depreciated		84,789	-	(16,957)	-	67,832
			84,983	-	(16,957)	-	68,026
	Unrestrictedfunds
	Generalfund		13,266	24,313	(22,663)	-	14,916
			13,266	24,313	(22,663)	-	14,916
	Totalfunds		98,249	24,313	{39,620}	-	82,942
	Represented by:
				Unrestricted	Restricted	Total	Total
				Fund	Funds	2025	2024
				£	£	£	£
	Fixed assets			-	67,832	67,832	84,789
	Debtors and prepayments			499	-	499	-
	Cash at bankand in hand			15,010	194	15,204	13,912
	Creditors			(593)	-	(593)	(452)
				14,916	68,026	82,942	98,249

10 Company limited by guarantee

Connect Assynt Ltd is a company limited by guarantee and has no share capital. Every member promises, if the company is dissolved when he she or it is a member or within twelve months of ceasing to be a member, to pay up to £1 each towards the costs of dissolution including liabilities incurred while the contributor was a member.

Connect Assynt Ltd

Independent Examiner's Report to the Trustees of Connect Assynt Ltd

On the accounts for the year ended 30 June 2025

| report on the accounts of the charity for the year ended 30 June 2025 which are set out on pages 4 to 10.

Respective Responsibilities of trustees and examiner

The charity's trustees are responsible for the prepapration of accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. The charity 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 independent examiner's statement

My examination is 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 seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, | do not express an audit opinion on the accounts.

Independent examiner's statement

In the course of my examination, no matter has come to my attention

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 comply with Regulation 8 of the 2006 Accounts Regulations

have not been met, or

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

TP Wright Chartered accountant

396 Elphin By Lairg Sutherland 1V27 4HH Date 1/ F42,Yh, PT; ARCE LONG’