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← Isle of Canna Community Development Trust

2026-04-30-accounts

ty Pa REGISTRATION NUMBER: SC 04 4 77556276

Isle of Canna Community Development Trust Company Limited by Guarantee Unaudited Financial Statements 30 April 2025

R A CLEMENT ASSOCIATES CHARTERED ACCOUNTANTS Chartered accountants

5 Argyll Square Oban Argyll PA34 4AZ

Isle of Canna Community Development Trust

Company Limited by Guarantee

Financial Statements

Year ended 30 April 2025 ag a a a

Page
Trustees’ annual report (incorporating the director's report) 1
Independent examiner's report to the trustees 7
Statement of financial activities (including income and
expenditure account)		 9
Statement of financial position 10
Notes to the financial statements 12
Thefollowing pages do notform part ofthe financial statements
Detailed statement of financial activities 26
Notestothedetailedstatementoffinancialactivities 27

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Isle of Canna Community Development Trust

Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) Year ended 30 April 2025 ———— SS aimee tesserae lpi pve,

The trustees, Who are also the directors for the purposes of company law, present thelr report and the unaudited financial statements of the charity for the year ended 30 April 2025.

Reference and administrative details

Registered charityname isle ofCanna Community Development Trust
Charity registration number =SC046276
Company registration number SC447755
Principal office The Square
Isle of Canna
Inverness-shire
PH44 4RS
Registered office Isle ofCanna CommuntiyShop
Binder Shed
Isle of Canna
Scotland
PH444RS
The trustees
Geraldine Mackinnon
Winnie Mackinnon
Isebail Mackinnon
Gareth Cole
Caroline Mackinnon
Jane Baser
Aileen Colquhoun
Independent examiner Angus MacGillivray of R A Clement Associates FCCA
5 Argyll Square
Oban
Argyll
PA344AZ

Structure, governance and management

The company was incorporated in April 2013 and traded as a non charitable entity until 20 January 2016 when it was recognised as a charity by the Office of the Scottish Charity Regulator.

Board of directors

There are now7 directors in total. The current directors were re-elected by members at the 2023 AGM.

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isle of Canna Community Development Trust

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continued)

Structure, governance and management (continued)

Risk policy

The directors have assessed the major risks to which the charity Is exposed, and in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to mitigate any exposure to these risks.

Reserves policy

The policy of the Trust is to aim to retain sufficient reserves to meet the cost of any regular commitments, as well as a contingency to enable it to continue to develop further projects.

Objectives and activities

The charitable purposes are:

a) the prevention or relief of poverty

b) the advancement of education

c) the advancement of citizenship or community development

d) the advancement of the arts, heritage, culture or science

e) the provision of recreational facilities, or the organisation of recreational activities

f) the advancement of environmental protection or improvement

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isle of Canna Community Development Trust

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 April 2025 Neer eee ne TEETER

Objectives and activities (continued)

The company’s objectives are to promote for the public benefit rural regeneration, following principles of sustainable development, where sustainable development! means development which meets the needs of the present without compromising the ability of future generations to meet their own needs, in areas of social and economic deprivation within the Community by all or any of the following means: a) To provide within Canna recreational facilities, or organise recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended b) To advance education and in particular to promote opportunities for learning for the benefit of the general public

c) To advance the arts and/or culture

d) To advance heritage and/ or preserve, for the benefit of the general public, the historical, architectural and constructional heritage that may exist in and around Canna in buildings including any structure or erection, and any part of a building as so defined of particular beauty or historical, architectural or constructional interest e) To advance environmental protection and improvement in Canna through the provision, maintenance and/or improvement of public open space and other public amenities and other environmental and regeneration projects

f) To promote, establish, operate and/or support other similar schemes and projects of a charitable nature for the benefit of the community within Canna

g) To encourage, stimulate and support volunteering principally in Canna

h) The relief of poverty in such ways as may be thought fit

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

Chairman's Report

2024 to 2025 has been a fabulous year for the community with Gareth and Indie adding to their family with the birth of a brother for Hector, a wee boy called Sorley. Ranger Tom and Rona also had their first-born girl called Jeannie.

This year we also welcomed David Philip as the new Pier Manager, Karen Clark as the new Canna House Manager along with her husband William. The population has swelled to 22.

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Isle of CanCanna Community Development Trust

Company Limited by Guarantee

Trustees’ Annual Repoport (Incorporating the Director's Report) (continued) Achievements and performance (continued) ’ of Canna : in addition, we continue to welcome: visitors, friends and famll assures us that we are successful in extending a warm welentis to an nd allSe The ave ela ae area Plan moves forward with the support of Andrew Prendergast who continues to source funding and Margaret Willington who continues to keep the wheels turning. The development plan helps structure negotiations within the Canna Partnership with the National Trust of Scotland. Meetings continue to be held regularly, and yearly reviews continue o help in variousious islandi businesses. As usual, ‘ there have: been much. appreciated; seasonal workers wh The numbers also increased during this year with builders to work on the Visitor Hub and Burnside. Regular meetings are also held to ensure the smooth every day running of Canna and to make sure the projects are on track: Energy (CREEL), Harbour Users Group (HUG), Shop, Tourism, Small Isles Community Council and Calmac, Coroghan Barn, Visitor Hub and Community Housing.

Project Updates WeHousing have completed the purchase of sites from NTS. Housing plans have been agreed, and planning has been submitted and approved. The building warrant is near completion, and the tender documents have been finalised. These will go out shortly. The next stage is to source funding and draft the finance proposal. A new Bore Hole was dug and will be connected in due course to ensure services for future new developments. TheVisitorVisitorHub Hub was completed in April 2025. Visitors, particularly yachties, are delighted with the shower, toilets and laundry facilities. An official opening will be held in July 2025 with representatives from all who supported the project. CoroghonNow made Barnsafe until such time as work can start. Following several community consultations an agreement was reached on a 20-bed bunkhouse and a community space. Planning and Listed Building Consent have been granted, and we are now working with the architects to take the design through to RIBA Stage 4&5. It is anticipated that this work will take a year. Building warrant will then be applied for and tender documents will go out. A figure of £5million plus professional fees plus VAT has been costed for the build. Andrew Prendergast has written the Business Plan, and we now have the Heritage and Interpretation Plan which will support our funding applications.

ChurchHeads ofof Terms Scotlandhave(RhubeenChurch)agreed with the Church of Scotland, and we have appointed Glyn Young Associates along with lan Fraser to carry out a feasibility study on the building. We have secured funding from the Architectural Heritage Trust and are waiting to hear back from the National Churches Trust on funding from them. It is hoped the study will be done winter of 2025.

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Isle of Canna Community Development Trust Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continued)

vear ended 30 April 2025

Achievements and performance (continued)

Energy The CREEL Team (Canna Renewable Energy and Electrification Ltd) continues to manage wind, sun, the generator and batteries tor the residents of the Isle of Canna. Work to replace the cable from the Pier Shed to the Visitor Hub has been successfully completed. Plans to upgrade various cabling connections are scheduled for the Autumn 2025. Thank you to Jane and Rona for their work on the accounts and billing. Negotiations with Mobile Mast Company to erect a mobile mast on Sanday to adhere to Government plans for connectivity as part of the Shared Rural Network have started and hope to be completed in the next couple of years. Ongoing negotiations with BT/EE for grid upgrades continue. Currently the project is being held up by planning with regards to a site in Skye. Harbour Users Group The NTS employed a harbour master, Ron Bailey, who works remotely but visits the island every few months. He |S available for any issues that may arise. Improvement works to the Pier were carried out as were repairs to Sanday bridge. Dark Skies pa The Dark Sky application process continues, and we were delighted to welcome Cosmos Planetarium who conducted several activities in a portable planetarium and astronomy evenings. It was a great success. Thank you to Vicki for all her hard work in getting the application ready for submission. Small Isles Snorkel Trail Small Isles Snorkel Trail was successfully launched in August 2024. The event took place in Muck. Canna plans to launch the trails during Nature fest in July 2025. Margaret has started surveying our seagrass meadows with a large proportion of it being off Sanday Beach and the bridge. It is hoped we can add these areas to nautical charts as “out of bounds" to yachties dropping anchor. This would protect these areas letting them flourish. Events Successful events included the Canna 10k and ceilidh, beach cleans and Mallaig Feis musicians, Visits from Sessions & Sail and musicians from Coll have provided enjoyable evenings of music and Thedancing. Shearing Shed has been a big success where visitors can shelter from inclement weather, access the internet and have snacks. The addition of a souvenirs stand has boosted the offering to visitors. We are currently waiting for a structural survey on the building so we can get our entertainment license finalised.

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Isle of Canna Community Development Trust Company Limited by Guarantee Year ended 30 April 2025 Trustees’ Annual Report (Incorporating the Director's Report) (continued) an ae eg menace oeeecas gape Achievements and performance (continued) Alongside ail this activity it must be remembered that first and foremost Canna is a busy and successful working farm. Gates are greased and work smoothly; animals are relaxed and happy and in general Canna remains exceptionally tidy. Visitors often comment on this voicing that It adds to the visitor experience and in addition makes residents’ lives easier. The road is maintained by the farm team so a big thank you to them for all their hard work. It is hoped that larger scale road works will be carried out in the next year to improve the surface further.

Again, a huge thank you to Our Development Manager, Andrew Prendergast and Administrator Margaret Willington for all their help in keeping IOCCDT going forward.

Financial review The charity achieved a surplus for the year of £42,106.

Trustees responsibilities report

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

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for Safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Theon trustees' annual report and the strategic report were approved on 5 [\X ||tozs 202 and signed behalf of the board of trustees by: Aileen Colquhoun Trustee

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isle[of][ Canna][Com] munityy Developmentp Trus t Company[Limited] ;[by] Guarantee independent Examiner's Report to the Trustees of Isle of Canna Community Development Trust year ended 30 April 2025 a | stees on my examination of the financlal statements of Isle of Canna Communit report to the tru ‘the charity’) for the year ended 30 April 2025 ’ Development Trust (‘the y p

Responsibilities and basis of report

enehe trustees of the company (and also its directors for the purposes of company law) you are nsible for the preparation of the financial statements in accordance with the requirements of the kite and Trustee Investment (Scotland) Act 2005 (‘the 2005 Act’), the Charities Accounts veuauand Regulations 2006 (as amended) and the Companies Act 2006 (‘the 2006 Act’). You are (Sc fied that the accounts of the company are not required by charity or company law to be audited ne chosen instead to have an independent examination. 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, | report in respect of my examination of the charity's accounts carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination | have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). independent examiner's statement Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). | can confirm that | am qualified to undertake the examination because | am a registered member of ICAS which is one of the listed bodies. | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act, section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; or

  2. the financial statements do not accord with those records or with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts givea ‘true and fair’ view which is not a matter considered as part of an independent examination; or

  4. 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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Isle of Canna Community Development Trust any by Guarantee Comp Limited | dependent Examiner's Report to the Trustees of Isle of Canna Community pevelopment Trust (continued) sentence

re attentionno concernsshouldandbehavedrawn comein acrossthis reportno otherin ordermattersto enablein connectia pr o nperwithunderstandthe exam in gationof theto accounts to bé reached.

Angus MacGillivray of R A Clement Associates FCCA independent Examiner

5 Argyll Square Oban Argyll PA34 4AZ

ESE Da ald ag Er

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Islecaf Canna Community Development Trust company Limited by Guarantee ent of Financial Activities statoring income and expenditure account) (inclu

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||||||||| |---|---|---|---|---|---|---|---| |2025| |Unrestricted|Restricted|| |Note|fundsé|funds‘|Total ‘a|Total|a| |loanernd endowments| |oiner trading andactivities legacies|:|ane-|69,663~|94,246|237,258116| |investment income|——|i|ae|1| |otal income|2683|69,663|94,246|237,375| |ExPenditurediture onraising|funds:;| |Exp|Costs of other trading|activities|8|2,347|791|3,138|3,778| |Expenditure on charitable|activities|9,10|10,597|38,405|49,002|47,403| |Total expenditure|12,944|39,196|52,140|51.181| |Net income and|net movement|in funds|11,639|30,467|42,106|186,194| |onciliation|of funds| |lee funds brought forward|69,538|252,239|321,777|135,583| |Total funds|carried|forward|81,177|282,706|363,883|321,777|

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The statement of financial activities includesall gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 12 to 24 form part of these financial statements. a

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Isle of Canna Community Development Trust

Company Limited by Guarantee

Statement of Financial Position

30 April 2025

TTT

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||||||| |---|---|---|---|---|---| |Note|2025|2024| |Fixed|=|£| |assets| |Tangible fixed assets|18|247,693|187,909| |Investments|19|4| |247,694|187,910| |Current|assets| |Debtors|;|20|20,129|20,135| |Cash at bank and|in hand|103,925|121,621| |124,054|141,756| |Creditors: amounts|falling due within one year|21|7,865|7,889| |Net current assets|116,189|133,867| |Total assets|less|current|liabilities|363,883|321,777| |Net assets|363,883|321,777| |Funds|of|the|charity| |Restricted|funds| |Unrestricted|funds|282,706|252,238| |Total|81,177|69,539| |charity funds|22|363,883|321,777|

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For the year ending 30 April 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

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isle of Canna Community Development Trust

Company Limited by Guarantee

statement of Financial Position (continued)

30 April 2025 a es mancial statements were approved by the board of truste Ones and are signed on behalf of the board by: a8 and authorised for lsaue on 4 Mirid phiis.

Geraldine Mackinnon Trustee

ents on pages 12 to 24 form partof these financial statements,

isle of Canna Community Development Trust company Limited by Guarantee notes to the Financial Statements vear ended 30 April 2025 { , General information charity is a public benefit entity and a private company limited by guarantee, registered in ce: and a registered charity in Scotland. The address of the registered office is Isle of canna Gommuntiy Shop, Binder Shed, !sle of Canna, Scotland, PH44 4RS. ”) statement of compliance these financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. 3 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 at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates 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.

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isle[of][ Canna] Community Development Trust company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 April 2025

  1. accounting policies (continued) 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 earmarked byy the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their ex : restricted income funds or through the terms of an appeal, and fall into one of two subslanaen declared by the donor or endowment funds. Income charity,All incomeit is probableis includedthatin thethestatement economicofbenefitsfinancialsaeeefiteractiviti wit Inc tree; has passed to the sparity and the amount can be reliably measured. The following specifipecilic[ae] policies[icles][will] are[flow] applied[to][the] to particular categories of income: « income from“he donations or grantsA is recognised when there is evid ena Sage We gift, receipt !s probable and its amount can be measured reliably. « legacy income is recognised when receipt is probable and entitlement is established.

  2. « income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers.

  3. ¢ income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spentona particular purpose and returned if unspent, in which case it may be regarded as restricted.

Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: * expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. itv in undertakin ‘ : pe | : expenditure on charitable activities includes all costs incurred by anneiain ier activities that further its charitable aims for the benefit of i ae pallet ‘o charitable support costs and costs relating to the governance of the charity apP activities.

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‘fgle| ie of Canna Community Development Trust imited by Gua rantee notes[to][the][Fin] ancial Statements (continueg) : ril 2025 ; accounting policies (continued) Expenditure (continued) : ‘ er expenditure: includes a ll expenditure that | S neitherIth related to raisingfoi { san nor part of its expenditure on charitable activities. 9 lunds for the costs are allocated to ®expenditure categories reflecting 9 the u f ‘he Sates use of the resource. Direct cos between to a single activity are allocated directly to that activity. Shared costs are sauiertate: the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and Subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within 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 to 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 activities.

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pment Trust[C] isle[of] anna Community Developmen jmited by i Guarantee notes to the Fiinancial Statements (continued) 0 April 2025 year ended 39" ; Accounting policies (continued) investments in associates (continued) adends and other distributions received from the invest € associate arising before or er to whether the distributions are from accumulated arte eeoaniea as Income without after the date of acquisition.

investments in joint ventures vestments in joi lled entities acc i rdance with the cost mode! are[less][any accumulated][impairment][losses.] rorded[nt][ cost] in jointly contro ounted for in acco initiallyinvestments recorded[In] in[jointly] joiat the transaction[con] trolled: entitiesprice.accountedAt eachnted reporting date,forfor inj accordance Pe cewi hi ks value model are fair value, with pool ada in value taken through income or expenditure. aeosure at ue cost or effort, the cost model will be -nracticable to measure (alr va ue reliably without und ere it is ed. Dividends and other distributions received from the investment are recogni arising before regard to whether the distributions are from accumulated profits of the cut venue arsine See or after the date of acquisition.

Impairment of fixed assets

amountA reviewbeingfor indicatorsestimatedof whereimpairmentsuch isindicatorscarried outexist.at eachWherereportingthe carryingdate, withvaluethe eeurecov ae recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to 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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. other Current assets and current liabilities are subsequently measured at the cash oF consideration expected to be paid or received and not discounted.

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| “leo¢ Canna Community Development Trust Comp@ny Limited ;by Guarantee notes[to] the Financial Statements (continued) year[ended] 30 April 20-

; accounting policies (continued)d . cinanclal instruments (continued) pebt instruments are subsequently measured at amortised cost. ; | investments jIn shares: are pu blicly traded or the}elr faltalr value can otherwis oe _ the investment is subsequently measured at fair value with changes in aie costrecognisedless impairment,in income and expenditure. All other such investments are subsequently measures ar her financial‘rancial instrument| nt s, including derivatives, » are initial mayen a y recognised at fair value, that for an asset is deferred beyond normal business terms or financed at a rate of intoren is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument, Other financial: ial instrumeni ts are subsequently measured at fai j recognised lent air value, with any chan designated[hedging] in the statement[relationship.] of financial activities, with the exception of hedging instruments ap Financial assets that are measured at cost Or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the Statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics, Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the Carrying amount would have been had the impairment not previously been recognised.

_ 4, Limited by guarantee doesIsle ofnot Cannahave Communitya share capital.Development Trust is a company limited by guarantee and accordingly Every member of the company undertakes to contribute such amount as may be required not 3 exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

Donations and legacies

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|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2025| |Donations|£|e|£| |Donations|2,088|-|2,088| |Canna Trading|Limited|21,895|=|21,895|

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,S ie of canna Community Development Trust Limited by Guarantee

[the] notes[to] Financial Statements (continued)

year ended 30 AP

ril 2025

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|||||||| |---|---|---|---|---|---|---| |;,|.|0nations and legacies|(continued)| |Unrestricted|RestriCted| |Funds|Pirache|Total Funds| |ts|g|°|ed| |Satpal Trust for Scotland|600|-|son| |Scottish el|-|5,625|5,625| |Highland|Cou|‘ati|~|28,964|28,964| |pevelopment Trusts Association Scotland||25.074|96|N74| |HighTrans|1|-|~| |CoroghonHousing|[funding]|-||-/| |barn funding|=|10,000|fen| |24,583|69,663|94,246| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2024| |Donations|£|3)|ge| |Donations|rot||=|| |Canna Trading|Limited|||| |Grants| |National|Trust|for Scotland|455|~|455| |Scottish|Land|Fund|-|-|=| |DevelopmentHighland|CouncilTrusts|AssociationAe|Scotland|--|75,880-|75,880| |HighTrans|1|240|-|240| |Housing|funding|-|103,183|103,483| |Coroghon|barn funding|we|57,500|57,500| |695|236,563|237,258| |6.|Other trading|activities| |Unrestricted|Total|Funds|Unrestricted|Total|Funds| |Funds|2025|Funds|2024| |£|£|£|£| |Fundraising|events|a|__|116|6| |7,|Investment|income| |Unrestricted|Total|Funds|Unrestricted|Total|Funds| |Funds|2025|i| |Other|£|£| |interest receivable|-|a|=|ant|

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Isleo+ Canna Community Development Trust company Limited by Guarantee intl[‘i] Fe Financial Statements (continued)

April 2025

ctivities g, , costs of other trading a

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||||||| |---|---|---|---|---|---| |Unrestricted|Restricted|Total|Funds| |nae|Funds|2025| |Costs of other trading|activities|- Shop costs|2,347|£794|3198£| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2024| |Costs|7|&|£|g| |of other trading|activities|- Shop costs|2,984|794|3,778|

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he charge to restricted funds represents depreciation on assets which were grant funded and ie is charged directly to the fund.

9, Expenditure on charitable activities by fund type

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||||||| |---|---|---|---|---|---| |Unrestricted|— Restricted|Total|Funds| |Funds|Funds|2025| |Core|£|£|£| |Visitor DevelopmentHub|6,977-|~|6,977| |sariinictration|| |Development|Officer|-|20,478|20,478| |Support|Manager||17,927|17,927| |costs|3,620|=|3,620| |10,597|38,405|49,002| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2024| |Core|£|£|e| |Visitor DevelopmentHub|6,985|-|6,985| |Administration|Officer|=|1,200|1,200| |Development|-|16,621|eee| |Support|[costs]|Manager|2,160~|20,437-|a| |9,145|38,258|47,403|

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Isiéat Canna Community Development Trust /imited antee company by Guar nancial ae notes[to][the][ i] Statements (continued) ril 2025

==> picture [520 x 186] intentionally omitted <==

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||||||| |---|---|---|---|---|---| |Expenditure|on|dnd| |1.|charitable|activities|by activity|t|e| |Activities| |undertaken|TOtal|fu| |directly Support costs|2028|valet tane| |Core Development|ail|6,977|6,985| |Visitor Hub|a|-| |AdministrationDevelopment|Officer|20,478|_|20,478a|7:19a| |Governance|Manager|17,927|-|17,927|20.437| |costs|=|3,620|3,620|2,160| |45,382|3,620|49,002|47,403|

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  1. Taxation The charity is a charitable company within the meaning of the Finance Act 2010. Accordingly the charity's activities fall within the exemptions from taxation in respect of income or capital gains afforded by the provisions of the Corporation Taxes Act 2010 and the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes.

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||||||| |---|---|---|---|---|---| |12,|Net|income| |Net income|is|stated|after|charging/(crediting):| |2025|2024| |Depreciation|ae|£|£| |of tangible fixed|assets|3,138|3,144| |13.|Independent|examination|fees| |2025|2024| |Fees|£|£| |payable|to|the|independent|examiner|for:| |Independent|examination|of the financial|statements|3,620|2,160|

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  1. Shop management costs

There were no direct employees during the year. The shop was managed on a voluntary basis. Key management personnel

The key management personnel comprises the charity board of trustees.

15. Trustee remuneration and expenses

The charity trustees, who are the directors of the company, were not paid and did not receive any ee aeration, benefits in kind or reimbursement of expenses in their capacity as trustee during the year. No trustee received payment for professional or other services supplied to the charity.

19

a

||

|sl@le ol Canna Community Development Trust company0 Limited by Guarantee tes to the Financlal Statements (continueg) Note year ended 30 April 2025

16 ‘ Conflicts of Interest
deal with potential conflicts of Int
ust
operates apolicyto
nterest,Thisincludesmaintaini
Tee ofhoard members/directors interests, which detalls any contractual orfaa
-tlonship or position of authority with outside companies, firms or organisations, Whenever a
re
ardmember/director hasanInterest inanyitem discussed bytheBoard,he/shetakesnopart
athediscussions ordecision makingprocess.
17, Related parties
charity identities related party transactions as those Involving trustees, key management
ae
enol orentities closelyconnected tothem. Allsuchtransactions are disclosed Uileas they
conducted at arm's length and within normal operating procedures. The charity maintains a
register of interests and enforcesa strict conflict of Interest policy to ensure transparency and
protectthe integrityofdecision-making.
18. Tangible fixed assets
Freehold
Affordable
Plantand
property
Housing
machinery
£
e
£
Cost		 Fixtures,
Coroghon
{fittingsand
Barn&
equipment Bunkhouse
Total
£
£
£
At1May2024
10,587
99,689
2,586
Additions
=
17,603
~		 11,795
76,769
201,426
-
45,319
62,922
At30Apr 2025
10,587
117,292
2,586		 11,795
122,088
264,348
Depreciation
At1May2024
yapba
=
eye
Charge forthe
year
1,058
~
255		 9,069
-
13,517
1,825
_
3,138
At30Apr 2025
3,175
-
2,586		 10,894
-
16,655
Carrying amount
At30Apr 2025
7,412
117,292
-		 901
122,088
247,693
At30 Apr2024
8,470
99,689
255		 2,726
76,769
187,909

17, Related parties ae charity identities related party transactions as those Involving trustees, key management enol or entities closely connected to them. All such transactions are disclosed Uileas they conducted at arm's length and within normal operating procedures. The charity maintains a register of interests and enforces a strict conflict of Interest policy to ensure transparency and protect the integrity of decision-making.

18. Tangible fixed assets

The ongoing housing project and Coroghon Barn and Bunkhouse are in an early stage of the Process and consequently are treated as assets under construction. No depreciation has been applied, on the basis the asset does not physically exist as yet.

20

fCannaCommunityDevelopmentTrust
isle O
uarantee
company Limited byG
Notes totheFinancial Statements(continued)		 fCannaCommunityDevelopmentTrust
isle O
uarantee
company Limited byG
Notes totheFinancial Statements(continued)		 fCannaCommunityDevelopmentTrust
isle O
uarantee
company Limited byG
Notes totheFinancial Statements(continued)
veatended30 April2025
19, investments
Shares in
group
undertakings
e
aluation
storv
-4 May2024and30Apr2025
-
airment
aMay2024and30Apr2025
Carryingamount
At30Apr 2025		 -
—_
,
At30Apr2024 a”
Allinvestments shown above are held at valuation.
90. Debtors
2025 2024
£ £
;
Amounts owed bygroup undertakings		 19,343 19,442
Prepayments and accrued income
Corporation tax repayable		 766
20		 683
40
20,129 20,135
21. Creditors: amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 4,455 4,479
Other creditors 3,410 3,410
7,865 7,889

a

.

isle of Canna Community Development Trust company Limited by Guarantee

yeat ended 30 April 2025

02. analysisofcharitablefunds analysisofcharitablefunds
unrestricted funds i At
General funds 1 May 2024
°
69,538		 Incom
- 8
24,583		 iia
(12,944)		 — 30Apr2025
_ a
At i
t
funds
General
fu		 1 Mayro
81,661		 oO
B12
B12		 .
expense
(12,129)
Restricted funds At
1 Mayst		 Oe Expenditure
£		 At
Transfers 30Apr2025
=
Capitalfund -2015shop
assets
Housing Project
CoroghonBarn
Decarbonisation Project
Visitor Hub
Administration Officer
DevelopmentManager
FoundationScotland		 791
97,466
70,246
-
-
25,551
28,185
30,000
252,239		 -
13,579
31,010
-
_
13,289
11,785
-
69,663		 (791)
-
-
_
7
(20,478)
(17,927)
-
(39,196)		 -

-
111,045
30,000
131,256
-
°

_
-
18,362
-
22.043
(30,000)
-
-
282,706
At
At
1 May2023
£		 Income
£		 Expenditure
£		 Transfers 30Apr2024
£
£
Capitalfund -2015shop
assets
HousingProject
Coroghon Barn
Decarbonisation Project
VisitorHub
Administration Officer
DevelopmentManager
Foundation Scotland		 1,585
(5,717)
12,746
(1,338)
1,733
4,231
10,682
30,000
53,922		 -
103,183
57,500
-
a
37,940
37,940
-
236,563		 (794)
-
-
=
(1,200)
(16,621)
(20,437)
-
(39,052)		 -
791
~
97,466
-
70,246
1,338
(533)
2
-
25,550
-
28,185
=
30,000
805
—«-252,238

,

e canna Community Development Trust Is! of Limited by Guarantee comPany Financial Statements (continued) notes t0 Me 0 April 2025 year ended 30 OP aritable funds (continued) np, Analysis of? capital Fund fittings and equipment were funded in 2014 by a grant. The charge to the fund consists ofFixteciationie H a which is now being charged at 10% straight line. visitor Hub The eitor Hub is proposed for a site close to the pier - the Intention being to provide facilities suchVisitor itor engagement and information, showers and toilets for visitors (particularly yachtmeiee[ National] an[ Trust] NTS[for] staff office,[ Scotland.] doctors consulting room, storage. This will be a joint project Housing Project ‘serable progress has been made to provide additional, affordable housing for new orn in a desire to make the community more sustainable. The sale and transfer of land NTS was completed in 2023/24 and plans were agreed and planning submitted and Ses, The trust is now in the process of investigating funding plans and finance Proposals. The project is in an early stage of the process and consequently treated as an asset under eerie. No depreciation has been applied, on the basis the asset does not physically exist as yet. Coroghon Barn The Development Officer is currently looking at suitable grant sources, for conversion of the original building to a community space and an ‘add-on’ new build as a bunkhouse. Further funding of £57,500 was received in 2023/34 and works have been carried out to make the property safe.

WTA were appointed architects and lead consultants in 2023 and have been taking forward , design work to RIBA Stage 3 (Planning) in 2023-24.

The project is in an early stage of the process and consequently treated as an asset under construction. No depreciation has been applied, on the basis the asset does not physically exist as yet.

Decarbonisation Project

SCENES were commissioned to conduct a survey and report to look at existing and future energy requirements, and evaluate this against current energy capacity. The expectation is to create future projects to improve energy efficiency from renewables. A monitoring system has been put in place with the intention of finding a more efficient use of surplus ‘download’ electricity. The balance of costs has been funded by general funds.

Rhu Church

Aone have been ongoing to consider a means to secure the structure of this listed building, rf to allow additional use as, for example, a small wedding / event venue. Following an offer aN the Church of Scotland to ‘sell the church to the Canna community for a nominal fee, a sopra Structural investigation has been carried out, grant aided by the dioceses. The ng remains in Church ownership at the present time. Currently lower priority.

23

| |

isle[°] f canna communityj Developelopment Trust compan simited bY Guarantee t0 ine notes y Financial Statements (continued) d 30 April 2025

unds (continued)

analysis of charitable | = adminis tration Officer & Development Manager Monies eceived for the Admin Office and Development Manager, were ringfenced funding towa i core funding of wages as shown in the split. n Scotland Founder rr A 30,000 was received in 2023 to progress the re-development of a local community space. gra The fu nds were transferred to the Coroghon Barn Project in the yyear. 93 Analysis of net assets between funds

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2025| |Tangible|a|£|£| |fixed assets|8,313|239,380|247,693| |Investments|1|-||| |Current assets|75,009|49,045|124,054| |Creditors|less than|1|year|(2,145)|(5,720)|(7,865)| |Net assets|81,178|282,705|363,883| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2024| |Tangible|E|£|£| |Investments| |fixed assets|naar|172,886|1—| |Current assets|56,672|85,073_|141,745| |Creditors|less than|1|year|(2,158)|(5,720)|(7,878)| |Net assets|69,538|252,239|sel,77e|

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sr €

24

cannaa Community Development Trust °e of yany Limited by Guarantee omp : ‘anagement Information ended 30 April 2025 oterea

The following pages do not form part of the financial statements.

|

|

je canna Community Development Trust Is ° comPi Limited by Guarantee pel@ilejstatement of Financial Activities ® year aded 30 April 2025

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |*|.| |income and and endowmen legaciests| |ponatio”|2,088|‘| |porationding|Limited|21,895|ad| |canna|| Trust for Scotland|600|455| |Nationa|5,625| |‘eh|Land|Fund|’|=| |scottish|28,964| |-aniand|Council|me|‘|-| |Hig lopment Trusts|Association|Scotland|25,074|75,880| |Dev|~|240| |Hohing|-|103,183| |Foroghon barn funding|10,000|57,500| |94,246|237,258| |other trading|activities| |Fundraising events|=|116| |investment income| |Other interest|receivable|=|1| |Total|income|94,246|237,375| |Expenditure| |Costs|of|other trading|activities| |||Other|office|costs|-|637| ||Depreciation|3,138|3,141| |3,138|3,778| |:|Expenditure on charitable|activities| ||Repairs|and|maintenance|104|104| |»|Insurance|1111|1,346| |;|Legal|and|professional|fees|3,620|Keo| ||Other|office|costs|833|-| ||Development|costs|19,359|21,780| |||Administration|costs|23,975|20,813| |49,002|47,403| |Total|expenditure|52,140|51,181| |||__ Net income|42,106|186,194|

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iste of Canna Community Development Trust company Limited by Guarantee

notes to the Detailed Statement of Financial Activities

year ended 30 April 2025

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |£|£| |costs|of|other|trading|activities| |costs|of|other|trading|activities|-|Shop|c| |Shop costs|- other office costs|sane|-|637| |Shop costs|- depreciation|3.138|3,141| |3,138|3,778| |Costs of other trading|activities|3,138|3,778| |Expenditure|on|charitable|activities| |Core|Development| |ActivitiesCore developmentundertaken- repairsdirectly & maintenance|104|104| |Core development|- insurance|4,111|1,346| |Core development|- other office|costs|833|~| |Core development|- other costs|1,432|1,343| |Core development|- event costs|3,497|4,192| |6,977|6,985| |Visitor|Hub| |Activities|undertaken|directly|~|, 200| |Visitor|Hub|-|legal|and|professional|fees| |Administration|Officer| |ActivitiesAdministrationundertakenOfficer costsdirectly|20,478|16,621| |(oe|Development|Manager| |aa|ActivitiesDevelopment undertaken Manager costsdirectly|17,927|20,437| |Pa|GovernanceGovernance costscosts- accountancy fees|3,620|2,160| |||Expenditure on charitable activities|49,002|47,403|

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