Company No. $C452785 Charity No. $C048061
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY (A company limited by guarantee)
; REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY
CONTENTS
| Page | |
|---|---|
| DIRECTORS' REPORT | 1-3 |
| INDEPENDENT EXAMINER'S REPORT | o |
| STATEMENT OF FINANCIAL ACTIVITIES | 5 |
| (INCORPORATING INCOME & EXPENDITURE ACCOUNT) | |
| BALANCE SHEET | 6 |
| NOTESTOTHEFINANCIALSTATEMENTS | 7-12 |
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY
DIRECTORS' REPORT
The Directors (who are also the Trustees of the charitable company for the purposes of charity law) are pleased to present their annual report together with the financial statements for the year ending 30 June 2025 which are also prepared to meet the requirements for a Directors’ report and financial statements for the purposes of the Companies Act 2006.
OBJECTIVES & ACTIVITIES
The company's principal objective is to promote the advancement of citizenship and community development including the advancement of rural regeneration within the Ettrick and Yarrow valleys. Further to this, to promote the advancement of the arts, heritage, culture or science; to promote the advancement of education, and to promote the advancement of environmental protection or improvement.
ACHIEVEMENTS & PERFORMANCE
Nine board meetings were held between 1st July 2024 and 30th June 2025 with an AGM taking place in Yarrow Feus Hall on the 3rd December 2024. A retrospective look at the work of the EYCDC over the last ten years was presented at the AGM, showing some of the significant projects completed. Sir Michael Strang Steel, retired as chairman and director having successfully steered the company through this period. Jeremy Snodgrass who has been involved with the company since it was formed in 2013 also stood down as treasurer. Tim Hartley and James Oliver resigned from the board as directors. Three new directors were appointed including Trevor Timms, who took over as chairman. Previously appointed director, Bron Clark became the new treasurer. This past year has partly therefore been one of consolidation and managing the existing projects.
The 5 houses at Kirkhope continue to be rented out to the same tenants. The interest rate on the mortgage with Ecology Building Society was considered and alternatives were sought. Resulting advice confirmed that no better deal was available. Five of the seven workspaces continue to be let to local businesses and several learning exchange visits have been hosted.
The timber income from the conifer trees felled in the Ettrick Marshes last year has covered the running costs of the company including the part-time Marshes ranger and the part-time project manager. Replanting with broadleaf trees has continued with a small team of volunteers led by the ranger and a small grant for tree stakes from The Borders Forest Trust. The felling adjacent to the community land has caused some paths to become waterlogged and agreement has been reached with Forest and Land Scotland to remedy this and link up more of the paths. Seedlings gathered from survivor elm trees in the Marshes were successfully grown on by The Royal Botanic Gardens with some replanted elsewhere in Scotland and 50 replanted in the Marshes.
A James Hogg Supper was held in the Boston Hall and raised £500 towards the running costs of the James Hogg Exhibition which opens through the summer in the old Ettrick Primary School. Conveyancing of the school building to the EYCDC is still not completed. A planning application for change of use to include a small bedroom and shower room, as well as disabled access, is underway with architect plans instructed. Funding applications for the work have been submitted. The upgrades will generate a small income stream and provide accommodation for writers or researchers helping in the Ettrick Marshes. A location for a borehole was identified in the school grounds as a new clean water supply is required for both the school building and the village hall.
Planning permission for an off road path between Kirkhope and Ettrickbridge was approved but this project is no longer going ahead. The electric vehicle continues to provide lifts to medical appointments with volunteer drivers as well as being used by the two local primary schools. Occasional use of the EV by local residents generates some donations. Donations also come via PayPal from walkers in the Ettrick Marshes using the boardwalks and campervans using our 2 stopping points. The electric bikes continue to be hired out. It is ten years since the Ring of the Loch walking path was established at St Mary’s Loch and this popular path continues to be strimmed and maintained by EYCDC.
The monthly 8 page what’s on newsletter for the valleys called Ettrick and Yarrow Events (the EYE) which was launched last year has continued to be popular with a wide direct distribution list and also published on the EYCDC Facebook page. Going forward, funding has been secured to develop a Place Plan for the valleys and a household survey which will inform an updated community action plan.
=4.
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY
DIRECTORS' REPORT (CONTD)
FINANCIAL REVIEW
Total income for the year was £45,383 (2024: £117,792) and total expenditure was £104,524 (2024: £111,656), leaving overall net expenditure/deficit of £59,141 (2024: net income/surplus of £6,136) as shown on the Statement of Financial Activities. The main source of income during the year was that from letting. The prior year's figures included income from timber sales of £63,920. Further details of income and expenditure are shown in notes 2 and 3 to the financial statements.
In respect of funds, the Directors have a policy of maintaining funds to protect against unforeseen fluctuations in income. The policy is to maintain unrestricted general funds at a level which would enable the company to continue the provision of services if its sources of income were to cease or be delayed significantly in their payment. The Directors consider that it is prudent for them to aim to cover three months expenditure by way of reserve. At 30 June 2025, overall unrestricted reserves were in deficit, included within this the mortgage, which had a closing balance of £306,762 at the year end. Excluding the mortgage, unrestricted funds totalled £34,932 at the year end. The Directors consider that going forward rental income will continue to be sufficient to cover overheads and financial commitments, whilst being aware that continued funding needs to be sought if other activities and projects are to be undertaken.
STRUCTURE, GOVERNANCE & MANAGEMENT
Ettrick and Yarrow Community Development Company is a company limited by guarantee and is governed by its Memorandum and Articles of Association, and as such has no share capital.
Directors are elected at the Annual General Meeting. New Directors receive appropriate induction and training.
The charitable company has a wholly owned subsidiary called EYCDC Homes Ltd which leases the 5 houses from the charitable company and is responsible for their ongoing management. Some of the Directors are also Directors of the subsidiary.
ADMINISTRATIVE DETAILS
| Charity number | $C048061 | ||
|---|---|---|---|
| Company number | §C452785 | ||
| Registered office | The Waterwheel Café, Philiphaugh, SelkirkTD7 SLU | ||
| Secretary | LHume | : | |
| Directors | A Brodie | ||
| B Clark | |||
| Earp (appointed 21 January 2025) | |||
| L Hume | |||
| M Hutton | |||
| CRobson (appointed 21 January 2025) | |||
| T Timms (appointed | 21 January 2025) | ||
| AWright | |||
| J Camroux-Oliver (resigned | 3 December 2024) | ||
| T Hartley (resigned | 3 December2024) | ||
| MStrangSteel(resigned3 | December2024) |
2
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY
DIRECTORS' REPORT (CONTD)
DIRECTORS' RESPONSIBILITIES
The Directors (who are also the Trustees of the charitable company for the purposes of charity law) are responsible for preparing a Directors’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the company Directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing the financial statements the Directors 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;
-
state whether applicable UK accounting standards and Statements of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements, and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the charitable company, and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are responsible for the maintenance and integrity of the charity and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
BY ORDER OF THE BOARD OF DIRECTORS:
L Hume Director
1O-4+ 2s
Date
3
INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY
| report on the financial statements for the charitable company for the year ended 30 June 2025, which are set out on pages 5 to 12.
Respective responsibilities of Directors
& independent examiner
The Directors (who are also the Trustees of the charitable company for the purposes of charity law) are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Directors consider that the audit requirements of Regulation 10(1) (a) to (c) of the 2006 Regulations (as amended) does not apply. It is my responsibility to examine the financial statements as required under section 44(1) (c) of the 2005 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 2006 Regulations (as amended). An examination includes a review of the accounting records kept by the charitable company and a comparison of the financial statements presented, with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the Directors concerning 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 view given by the financial statements.
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 Regulations (as amended), and
-
to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Regulations (as amended)
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable proper understanding of the financial statements to be reached.
Alison Gray
Chartered Accountant Le Noyer, Ettrick Terrace
Selkirk
TD? 4LE
24 November 2025
Wb
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating Income & Expenditure Account)
For the Year Ended 30 June 2025
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Totalfunds|Total|funds|
|Funds|Funds|2025|2024|
|Note|£|£|£|£|
|Income|from:|
|Grants|2|500|2,930|3,430|5,376|
|Timber|-|-|-|63,920|
|Rental|income|36,935|.|36,935|38,852|
|Donations|2,447|-|2,447|7,879|
|Bike|hire|:|457|-|457|725|
|Electric|vehicle|hire &|campervan|site|fees|103|-|103|257|
|Event|income|1,141|-|1,141|-|
|Other|income|870|.|870|783|
|TOTAL|INCOME|42,453|2,930|45,383|117,792|
|Expenditure|on:|
|Charitable|activities|3|99,119|5,405|104,524|111,656|
|TOTAL|EXPENDITURE|99,119|5,405|104,524|111,656|
|NET (EXPENDITURE)/INCOME|(56,666)|(2,475)|(59,141)|6,136|
|TRANSFERS BETWEEN|FUNDS.|9|23,480|(23,480)|-|-|
|NET MOVEMENT IN|FUNDS|(33,186)|(25,955)|(59,141)|6,136|
|TOTAL|FUNDS BROUGHT FORWARD|(238,644)|2,355,951|2,117,307|2,111,171|
|TOTAL|FUNDS CARRIED FORWARD|9|(271,830)|2,329,996|2,058,166|2,117,307|
----- End of picture text -----
The notes on pages 7 to 12 form part of these financial statements.
=5-
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY|Company|No.|$C452785|
|BALANCE|SHEET|Charity|No.|SC048061|
|As at 30 June|2025|
|2025|2024|
|Note|£|£|£|£|
|FIXED ASSETS|
|Investments|4|1|1|
|Tangible|assets|5|2,329,575|2,359,025|
|2,329,576|2,359,026|
|CURRENT ASSETS|
|Debtors|6|6,087|5,163|
|Cash|at|bank|and|in|hand|.|32,910|73,067|
|38,997|78,230|
|LIABILITIES|
|Creditors:|amounts falling due|within one year|7|(5,465)|(13,082)|
|NET CURRENT ASSETS|33,532|65,148|
|TOTAL ASSETS|LESS CURRENT|LIABILITIES|2,363,108|2,424,174|
|Creditors:|amounts falling due after more than one year|8|(304,942)|(306,867)|
|TOTAL NET|ASSETS|2,058,166|2,117,307|
|FUNDS OF THE|CHARITY|
|Unrestricted funds|(271,830)|(238,644)|
|Restricted|income funds|2,329,996|2,355,951|
|TOTAL CHARITY FUNDS|9|2 058,166|2,117,307|
----- End of picture text -----
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not requested the charitable company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for:
(a) ensuring that the charitable company keeps proper accounting records which comply with Section 386 and 387 of the Companies Act 2006, and -
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company at the end of each financial year and of its profit and loss for the financial year in accordance with the requirements of section 394 and 395, and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The financial statements on pages 5 to 12 were approved by the Directors on \0 No"4 2025 and were signed by:
----- Start of picture text -----
_ AF . be ~o |
L Hume
Director
----- End of picture text -----
The notes on pages 7 to 12 form part of these financial statements.
6
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2025
1 ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019)" (Charities SORP FRS 102); the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102); with the Charities and Trustee Investment (Scotland) Act 2005; with the Charities Accounts (Scotland) Regulations 2006 (as amended); with the Companies Act 2006 and with the company's Memorandum and Articles of Association. The charitable company constitutes a public benefit entity as defined by FRS 102. There are no material uncertainties about the charitable company's ability to continue as a going concern.
Income recognition
All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Any income such as annual grants received in advance, is included as deferred income within creditors. Where donations or grants, including capital grants, are received for a specific purpose, they are included within restricted income and any unexpended portion is carried forward as a restricted fund. Assets or gifts in kind received by the charitable company are recognised as income when received and are included at market value or at an estimate of their value where market value is not readily known.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been classified under headings appropriate to the charitable company's circumstances. Grants are awarded on the basis of need.
Investments
Investment in the charitable company's subsidiary company EYCDC Homes Ltd is stated at cost less any impairment and represents it's 100% shareholding in the subsidiary.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Expenditure below £100 is not capitalised. Depreciation is provided ona Straight line basis calculated to write off cost less estimated residual value of each asset, over its expected useful life, as follows:
----- Start of picture text -----
||||
|---|---|---|
|Asset category|Annual|rate|
|Property|1%|
|Motor vehicle|25%|
|Equipment|25%|
|Computer equipment|33%|
----- End of picture text -----
Financial instruments
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Funds
Unrestricted general funds are funds which can be used in accordance with the objects of the charitable company at the discretion of the Directors. Designated funds are the funds set aside by the Directors out of unrestricted general funds for specific purposes or projects. Restricted funds are the funds that can only be used for particular restricted purposes within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further details of each fund is set out in notes to the financial statements.
eee
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY
NOTES TO THE FINANCIAL STATEMENTS (CONTD)
For the Year Ended 30 June 2025
| 2 | ANALYSIS OFGRANT INCOME | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Ettrick and Yarrow Community Council (restricted) | 2,610 | 1,876 | |
| Foundation Scotland | 500 | ||
| Tweed Forum/The Borders Forest Trust (restricted) | 320 | - | |
| Development Trusts Association Scotland (restricted) | - | 3,500 | |
| 3,430 | 5,376 | ||
| 3 | ANALYSIS OF EXPENDITURE | 2025 | 2024 |
| I | £ | £ | |
| Project management | 17,072 | 24,288 | |
| Ranger fees | 8,764 | 7,660 | |
| Professional fees | 5,368 | 4,778 | |
| Insurance | 7,093 | 7,036 | |
| Repairs and maintenance | 3,717 | 3,195 | |
| Heatand light | 1,368 | 5,083 | |
| Telephone | 1,300 | 1,194 | |
| Other office costs | 1,412 | 1,842 | |
| EV costs | 739 | 1,310 | |
| Printing | 3,468 | e | |
| Event costs | 616 | - | |
| Independent examiner's fees | 1,650 | 1,850 | |
| Sundry expenses | 207 | 87 | |
| Depreciation offixed assets | 29,450 | 30,922 | |
| Loan interest | 22,300 | 20,431 | |
| Loan fees | - | 1,980 | |
| (Restricted: £5,405 2024: £29,029) |
104,524 | 111,656 | |
| 4 | INVESTMENT IN SUBSIDIARY | ||
| Cost | £ | ||
| At 1 July 2024 | 1 | ||
| At 30 June 2025 | 1 | ||
| Net book value | |||
| At 30 June 2025 | ees | ||
| At30June2024 | 1 |
The above represents the charitable company's 100% shareholding, at cost, in its wholly owned subsidiary EYCDC Homes Ltd.
Ee
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTD)
For the Year Ended 30 June 2025
| Motor | Computer | ||||||
|---|---|---|---|---|---|---|---|
| 5 | FIXEDASSETS | Property | Vehicle | Equipment | Equipt. | Total | |
| £ | £ | £ | £ | £ | |||
| Cost | |||||||
| At 1 July 2024 | 2,372,966 | 27,229 | 36,699 | 1,977 | 2,438,871 | ||
| At 30 June 2025 | 2,372,966 | 27,229 | 36,699 | 1,977 | 2,438,871 | ||
| Depreciation | |||||||
| At 1 July 2024 | 23,480 | 27,229 | 27,160 | 1,977 | 79,846 | ||
| Charge foryear | 23,480 | - | 5,970 | - | 29,450 | ||
| At 30 June 2025 | : | 46,960 | 27,229 | 33,130 | 1,977 | 109,296 | |
| Net book value | |||||||
| At 30 June 2025 | 2,326,006 | - | 3,569 | - | 2,329,575 | ||
| At30June2024 | 2,349,486 | - | 9,539 | - | 2,359,025 |
In addition to the above fixed assets, EYCDC owns three areas of land comprising the restored floodplain known as the Ettrick Marshes and including the area of native woodland at Tima and the Tima carpark and a section of boardwalk which connects to Gamescleuch Forest. These assets have not been capitalised in the balance sheet because the Directors are of the opinion that it is not possible to place a value on them. There is a First Standard Security over Kirkhope Steading.
| 2025 | 2024 | ||
|---|---|---|---|
| 6 | DEBTORS | £ | £ |
| Trade debtors | 1,458 | 819 | |
| Prepaid expenses | 4,629 | 4,344 | |
| 6,087 | 5,163 | ||
| 2025 | 2024 | ||
| 7 | CREDITORS: amountsfalling due within 1 year | £ | £ |
| Bank loan | 1,820 | 1,563 | |
| Trade creditors | 1,890 | 6,364 | |
| Accrued expenses | 1,650 | 1,850 | |
| VAT | 105 | 3,305 | |
| 5,465 | 13,082 | ||
| 2025 | 2024 | ||
| 8 | CREDITORS: amountsfalling due aftermore than 1 year | £ | £ |
| Bank loan | 304,942 | 306,867 | |
| 304,942 | 306,867 |
-9-
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY
NOTES TO THE FINANCIAL STATEMENTS (CONTD)
For the Year Ended 30 June 2025
9 ANALYSIS OF CHARITABLE FUNDS
| ANALYSIS OF CHARITABLE FUNDS | ||||||
|---|---|---|---|---|---|---|
| Balance | Funds | |||||
| - THISYEAR - |
1/7/24 | Income | Expenses | Transfers | 30/6/25 | |
| £ | £ | £ | £ | £ | ||
| UNRESTRICTED FUNDS | ||||||
| General Funds | (255,564) | 41,233 | (98,119) | 29,450 | (283,000) | |
| Fixed Asset Fund | 1 | 9,539 | - | - | (5,970) | 3,569 |
| Repair Fund | 2 | 7,381 | 1,220 | (1,000) | - | 7,601 |
| Total Unrestricted Funds | (238,644) | 42,453 | (99,119) | 23,480 | (271,830) | |
| RESTRICTED FUNDS | ||||||
| Fixed Asset Fund (Kirkhope Steading) | 1 | 2,349,486 | - | - | (23,480) | 2,326,006 |
| Ring ofthe Loch | 3 | 146 | 370 | (516) | - | - |
| Supporting Communities Fund | 7 | 1,344 | - | (1,344) | - | - |
| Professional Feesand Insurance | 9 | 3,500 | - | : | . | 3,500 |
| Re-printing book ofHogg poems | 12 | 1,475 | (1,475) | . | - | |
| Planning fees for off-road path | 13 | - | 1,000 | (1,000) | . | - |
| EYE newsletter | 14 | - | 900 | (750) | - | 150 |
| Tree planting stakes | 15 | - | 320 | (320) | - | - |
| First aid course | 16 | - | 340 | - | - | 340 |
| Total Restricted Funds | 2,355,951 | 2,930 | (5,405) | (23,480) | 2,329,996 | |
| TOTAL FUNDS | 2,117,307 | 45,383 | (104,524) | - | 2,058,166 | |
| Balance | Funds | |||||
| - PRIORYEAR - |
1/7/23 | Income | Expenses | Transfers | 30/6/24 | |
| £ | £ | £ | £ | £ | ||
| UNRESTRICTED FUNDS | ||||||
| General Funds | (291,482) | 112,416 | (82,627) | 6,129 | (255,564) | |
| Fixed Asset Fund | 1 | 16,981 | - | - | (7,442) | 9,539 |
| Repair Fund | 2 | - | - | - | 7,381 | 7,381 |
| Total Unrestricted Funds | (274,501) | 112,416 | (82,627) | 6,068 | (238,644) | |
| RESTRICTED FUNDS | ||||||
| Fixed Asset Fund (KirkhopeSteading) | 1 | 2,354,929 | - | - | (5,443) | 2,349,486 |
| Ring ofthe Loch | 3 | 435 | - | (289) | . | 146 |
| Ettrick Marshes | 4 | 6,317 | - | (6,317) | - | . |
| Kirkhope Steading: projectdevelopment | 5 | 10,495 | - | (10,495) | - | - |
| Kirkhope Steading: revenue costs | 6 | 9,482 | - | (9,482) | - | - |
| Supporting Communities Fund | 7 | 1,344 | - | - | : | 1,344 |
| Bike Racks | 8 | 112 | - | (112) | . | - |
| Professional Fees and Insurance | 9 | 558 | 3,500 | - | (558) | 3,500 |
| ProjectManagement | 10 | 2,000 | - | (2,000) | - | - |
| Tear offmaps | 11 | - | 401 | (334) | (67) | - |
| Re-printing book ofHogg poems | 12 | - | 1,475 | - | - | 1,475 |
| Total Restricted Funds | 2,385,672 | 5,376 | (29,029) | (6,068) | 2,355,951 | |
| TOTALFUNDS | 2,111,171 | 117,792 | (111,656) | - | 2,117,307 |
-10-
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY
NOTES TO THE FINANCIAL STATEMENTS (CONTD)
For the Year Ended 30 June 2025
9 ANALYSIS OF CHARITABLE FUNDS (CONTD)
-
1 Fixed asset funds: represent the net book value of fixed assets capitalised in the balance sheet. The cost of new assets acquired are added to the funds and depreciation is deducted (represented by transfers). The restricted fixed asset fund relates to Kirkhope Steading. The unrestricted fixed asset fund relates to all other fixed assets.
-
2 Repair fund: includes donations from EYCDC Homes Ltd which the Directors have set aside for future property repairs.
-
3 Ring of the Loch: funding originally from SSE Scottish Borders Sustainable Development Fund to create a circular walk around St Mary's Loch. Residual funds were being used for annual maintenance of the walk and the reprinting of a descriptive leaflet and guide. Now fully expended.
-
4 Ettrick Marshes: donations originally from individuals and other organisations towards restoration of the area. The remainder of funds were spent in the prior year.
-
5 Funding previously received from SSE Scottish Borders Sustainable Development towards the conversion of Kirkhope Steading into business units and residential units. The remainder of funds were spent in the prior year.
-
6 Funding previously received from Scottish Land Fund towards revenue costs of the Kirkhope Steading project. The remainder of funds were spent in the prior year.
-
7 Supporting Communities Fund: funding previously received from Development Trusts Association Scotland to meet Covid 19 related needs including the distribution of crisis grants. Now fully expended.
-
8 Award previously received from Cycling Scotland for the purchase and installation of three bike racks. The remainder of funds were spent in the prior year.
-
9 Funds towards professional fees and insurance. The grant received in the prior year from Development Trusts Association Scotland towards professional fees in relation to the ownership of the old primary school still remains unspent at the year end.
-
10 Funds from Langhope Rig Windfarm Fund (via Foundation Scotland) towards project management of community projects. The remainder of funds were spent in the prior year.
-
11 Grant received from Ettrick and Yarrow Community Council for production of tear off maps.
-
12 Grant received from Ettrick and Yarrow Community Council for the re-printing the book of Hogg poems.
-
13 Grant received from Ettrick and Yarrow Community Council to cover planning fee for proposed new off-road path.
14 Grant received from Ettrick and Yarrow Community Council towards the costs of the EYE newsletter.
15 Grant received from Tweed Forum/The Borders Forest Trust towards costs of tree stakes.
16 Grant received from Ettrick and Yarrow Community Council to cover the cost of first aid course training.
silite
ETTRICK AND YARROW COMMUNITY DEVELOPMENT COMPANY
NOTES TO THE FINANCIAL STATEMENTS (CONTD)
For the Year Ended 30 June 2025
10 ANALYSIS OF NET ASSETS BETWEEN FUNDS
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|-|THIS YEAR|-|General|Designated|Restricted|Total|
|£|£|£|£|
|Investments|1|-|-|1|
|Tangible|fixed|assets|-|3,569|2,326,006|2,329,575|
|Debtors|6,087|-|-|6,087|
|Cash|at|bank|and|in|hand|21,319|7,601|3,990|32,910|
|Creditors|amounts|falling|due within|one|year|(5,465)|.|-|(5,465)|
|Creditors amounts|falling|due|after|more than one year|(304,942)|-|-|(304,942)|
|Net|assets|at|30|June|2025|(283,000)|11,170|2,329,996|2,058,166|
|-|PRIOR YEAR|-|General|Designated|Restricted|Total|
|£|£|£|£|
|Investments|si|-|-|L|
|Tangible|fixed|assets|-|9,539|2,349,486|2,359,025|
|Debtors|5,163|-|-|5,163|
|Cash|at|bank|and|in|hand|59,221|7,381|6,465|73,067|
|Creditors|amounts|falling|due|within|one|year|(13,082)|-|-|(13,082)|
|Creditors amounts|falling|due|after|more|than|one year|(306,867)|-|-|(306,867)|
|Net assets|at|30 June|2024|(255,564)|16,920|2,355,951|2,117,307|
----- End of picture text -----
11 RELATED PARTY TRANSACTIONS
Rental income includes £25,200 (2024: £25,100) from the charitable company's subsidiary EYCDC Homes Ltd for leasing the houses.
Donations include £1,220 (2024: £7,381) from EYCDC Homes Ltd.
L Hume, M Hutton C Robson and T Hartley are directors of EYCDC Homes Ltd.
The charitable company considers that the Directors are its key management personnel. No Directors were remunerated during the year or previous year. No expenses were reimbursed to Directors during the year or previous year for services provided to the charitable company.
UN