COMMUNITY DEVELOPMENT COMPANY OF NESTING
ANNUAL REPORT & UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
SCOTTISH CHARITY NUMBER..
COMPANY REGISTRATION NUMBER..
SC048164
SC589570

COMMUNITY DEVELOPMENT COMPANY OF NESTING
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI
FOR THE YEAR ENDED 28 FEBRUARY 2025
The Trustees present thelr annual report and financial statements for the year ended 28 February 2025.
The financial statements havè been prepared in accordance with the accountlng policies set out in note I to the
financial statements and comply with the charitable company's governing document, the Charities and Trustee
Investment Iscotlandl Act 2005, thè Charitiès Accounts Iscotlandl Regulations 2(X)6 las amended) and
"Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK ènd Republic of Ireland
IFRS 1021" as amended for accounting periods commencing from l January 20191.
OBJECTIVES & ACTIVITIES
The Aald Skul
The CDCN (Community Development Company of Nesting) began lifè in December 201S. Two public meetings
were held in the community to debate what was to be done to save the Aald Skul from potentially being sold bv
the shetland Islands Council ISICI, who owned it at the time.
The property was leased from the SIC to the Nesting Local History Group INLHGI, but the propèrty was falling
into disrepair, and the SIC intimated that they could not justify the needed investment to restore or arrest the
decay of the buildings. The NLHG could not afford to fund the needed work either.
The CDCN. was set up,. thè remit of which was to pursue all possible means to save the property for f urther
community use. Apart from the history group's base there, the community also used some of the land as
burning site for the Nesting and Girlsta Up-Helly Aa.
Community Ideas
CDCN came to be born- with an initial membership that included members of every other group in the area, as
well as various other interested people.
Articles of Association were written, the CDCN was set up as a company limited by guarant&e lincorporated on
22. February 2018 Company Number SC5895701, and CDCN was registered as a charity (Charity Number
SC048164 registered on 27, February 20181.
A survey of the whole community was conducted, door to door, to gauge interest in various ideas as to what
additional uses the property could be put to, and to garner fresh ideas.
Aims
The charity's aims are to work in co-operation with organisations and individuals within and beyond Nesting for..
lal The advancement of community development and resilience lincluding the advancement of rural
regenerationl by designing and delivering a range of services, including volunteering and learning opportunities
which will help Nesting and the wider community to be a vibrant, sustainable and inclusive community for all
who live and work here.
Ibl The advancement of heritage and culture through raising awareness and understandin8 of the Nesting
community, its historic and natural environment, aTrd its traditions and culture.

COMMUNITY DEVELOPMENT COMPANY OF NESTING
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI
FOR THE YEAR ENDED 28 FEBRUARY 2025
Icl The provision of recreational facilities and the organisation of rècreational activites and services, wlth the
object of improving the conditions of life forthose who live and work in the area, so as to encourage people to
settle and remain in the community.
Idl The relief of those in need by reason of age. ill-health. disability, financial hardship or other disadvantage
through the provision of accessible and freely available services to bring the mÈmbers of the community
together to reduce social isolation and improve community cohesion.
ACHIEVEMENTS & PERFORMANCE
CDCN'S Growing Spaces Nesting project, which has seen the creation of a new community growing area with
Polycrubs, allotments, 2 tree-growing space and a Blrd Hidei progressed significantly during 2024/25. The five
Polycrubs were completed in April 2024, with four 6-metre Polycrubs to rent out to community growers and one
12~metre Polycrub for community growing, storage, and other uses. Other features included an allotmÈnt area
for outdoor growers, and a small community park with native and non-native trees. Key milestones during
2024125 included the installation of the Polycrubs and fencing in mid-April 2024, tree planting by the end of
April 2024. Polycrub tenants moving in during May 2024. and completion of the Bird Hide in February 2025.
The Nesting Scrapstore remains popular, now with over 3.800 followers on its Facebook page. In October 2024.
two Scrapstore Team Leaders were appointed, with the post shared between Vic Thomas and Chloe Hansen at
10 hours per week each.
The Nesting Gym remains popular and continues to be supported by a committed group of volunteers who help
with day-to-day management and upkeep. The gym continues to provide affordable access to fitness
equipment- now with approximately 300 gym members, and remains an important part of the Aald Skul's
overall community use. A Gym Fridge has been established in the Nestin8 Gym, providing gym members with a
source of enerkry refreshments and snacks. and £ivinR CDCN a small, additional income Kenerator.
I he Business Studio at the AalLI Skul continuea to provi(Je space tor local enterprise actlvlry auring 2U24125.
This includes use by existing business and service providers, with the addition of Shetland Accunect5 in February
?n?s
CDCN has continued the Nesting, Girlsta and Wadbister Foodbank, and receivèd additional supplies from the
Sh@tland Foodbank in Lerwick for the winter 2024125. This initiative remains supported by Skellister Stores and
the South Nesting Public Hall, who provide Foodbank donation points in their respective premises.
During 2024125, CDCN progrèssed work to complete the Nesting and Girlsta Community Action Plan. The Action
Plan provides a clear overview of community priorities and helps to guide CDCN'S own work program, as well as
discussion5 Wlth external partners and funders. Priority themes include housing and childcare, which remain
key long-term issues for the area. This was comDletod. giqn&d DfF ahd publioh•d in SoptembGr 2024.
Affordable housing was one of the main priorities hishlighted through the Community Action Plan, and an area
where CDCN felt it could make a meaningful difference. During 2024125, initial investigations were carried out,
including exploring assessment funding options and holding early discussions with representatives of the
Scottish Governmenvs Rural and Islands Housing Fund and the SIC Housing Service. By the end of February
2025, this work was ongoing, with CDCN intending to seek funding to undertake a Housing Needs Assessment
covering Nesting, Girlsta and Wadbister, which will help inform next steps.

COMMUNITY DEVELOPMENT COMPANY OF NESTING
TRUSTEES, REPOR T (INCLUDING DIRECTORS, REPORTI
FOR THE YEAR ENDED 28 FEBRUARY 2025
CDCN commissioned Community Enterprise Scotland to carry out a feasibility study into social enterprise
opportunities linked to funeral and burial services, which was finalised in Aprll 2024. Following analysis and
discussions, the conclusion was that none of the options assessed were currently feasible for CDCN to pursue,
due to high start-up costs, low projected margins, and significant practical and operational barriers. CDCN
shared the findings of the study with relevant partners. including SIC Burial Services, and will focus future
income-generation efforts on other priorities identified through the Community Action Plan.
Work progressed during 2024125 to improve the Aald skul's energy efficiency, with a focus on installing Solar PV
and battery storage to support the Scrapstore. CDCN secured £2,000 from CARES Scotland linclusive of 20%
match funding from CDCNI towards the cost Df the Building Warrant application, which was approved in
February 2025. On 27th February 2025, CDCN also secured £15,492 from the Shetland Community Benefit Fund
130% of the total project costl towards the installation of Solar PV and battery storage.
During 2024125, CDCN continued to explore options to sustain the Development Officer post beyond the end of
current funding. An application was submitted to the SSEN North of Scotland Community Benefit Fund,
however this was unsuccessful. Following this, HIE continued CDCN'S current contract, meaning the post
remains funded until the allocated budget is fullv used lestimated to be ar)proximatÈly June 20251.
CDCN began exploring options to develop new income-generating activity to support longer-term gustainabilitv.
One area being considered is a small consultancy service to support the third sector and other community
organisations. During 2024125, initial research and early discussions were held with partners including HIE and
the Scottish Land Fund.
Alongside CDCN'S own projects and services, CDCN also provided support to a number of community groups
during 2024125, including assistance with planning and funding applications.
Community-led childcare: A Nesting Childcare Working Group was establishecl in January 2025,
and an initial meeting was hel(J with SIC representatives. At that time. CDCN'S position wag that it
would support efforts to seek funding for a feasibility study / options appraisal I business Gase for
community-led childcare in Nesting, subject to the working group being formalisecj and able to take the
lead role in progressing the work.
South Nesting Hall- CDCN supported South Nesting Hallto secure £1.791 on 12 November 2024
from the SSEN Community Resilience Fund to install an electrical switchboard which allows a
generator to be connected quickly during extendeci power cuts. This will support the hall's role as a
local resilience hub, and also means the hall can now m8ke use of CDCN'S portable generator Istored
at the Aald Skull when required.
Skellister Stores= CDCN held meetings with Skellister Stores, alongside Business Gateway, to
explore business development options, including potentl81 use of the SIC Rural Retail Fund for
Improvements to the shoD. Discusslong includod whother foasibility work COLJld be 8upported through
the fund. This work was ongoino as at Februarv 2025.
South Nesting Boating Club: CDCN supported the South Nesting Boating Club to submit a grant
application for £79,800 to fund an Environmental Impact Assessment IEIAI for its marina project. This
work was progress8d during 2024125, with the fundlng outcome anticipated after February 2025.
th
North Nesling H811 toilet upgrades.- CDCN supported North Nesting Hall in securing £36,914.67
from the Coastal Communities Fund on 15th May 2024 as the final funding element required to
complete the toilet upgrade project.

COMMUNITY DEVELOPMENT COMPANY OF NESTING
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI
FOR THE YEAR ENDED 28 FEBRUARY 2025
Grants and Funding
CARES Scotland - £2,000118th October 20241- Aald Skul Energy Efficiency Project- Building
Warrant
Shet18nd Community Benefit Fund - £15.492127th February 20251- Aald Skul Energy Ettlciency
Project130% of tot81 project for Solar PV 8nd Battery install8tiDnl
Highlands and Islands Enterprise- 1-year extension of Development Officer funding.
People. Volunteering and Governanoe
By February 2025, CDCN employed the following staff..
Mark Ratter, Development Officer, 15 hours perweek,
Mandy Sutherl8nd, Finance and Admin Officer, 12 hours per week
Vic Thomas, Scrap$tore Team Leader, 10 hours perweek
Chloe Hansen, Scr8PStoreTeam Leader, 10 hours perweek
Andrew Pearson, Cleaner, 5 hours perweek
'reduced from 35 hours p8r week in December 2024.
In terms of volunteering) the Scrapstore had approximately eight core volunteers Iwith mid to high
regularity of volunteering) and several more occasional volunteers. The gym management team had seven
volunteers, plus several other volunteers who help as and when needed. Estimated volunteer hours in
2024125 were around 1,460. which is roughly equivalent to 28 hours per week of paid staff time.
CDCN held an AGM on Tuesday 19, November 2024 at 7.30pm in the South Nesting Public Hall. CDCN
currently has 6 directors, 36 full members and 8 associate members.
FINANCIAL REVIEW AND RESERVES POLICY
Unrestrictecs f unds are available for use at the discretion of the Trustees in furtherance of the charitable
objectives.
Restricted funds are subject to specific conditions by funders as to how they may be used.

COMMUNITY DEVELOPMENT COMPANY OF NESTING
TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORTI
FOR THE YEAR ENDED 28 FEBRUARY 2025
It is the policy of the Charity that unrestricted funds which have not been designated for a speclfic use should be
maintained at a level equivalent to between 3 and 6 months expenditure. The Trustees consider that reserves
at this level ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's
current activities while consideration is given to ways in which additional funds may be raised.
The Trustees have assessed the major risks to which the Charity is exposéd and are satisfied that systems are in
place to mitigate exposure to the major risks.
STRUCTURE. GOVERNANCE AND MANAGEMENT
scorrisH CHARITY NUMBER
SC048164
COMPANY REGISTRATION NUMBER= SC589570
The Charity was incorporated on 22 February 2018 as a company whose members liability is limited by
guarantee, the company having no share capital.
The Charity was established under a Memorandum and Articles of Asssociation which established the objects
and powers and the Charity is govorned under its Articles of Assocation.
Th& Trustees, who are also the directors for the purpose of company law, and who served durin8 the year and
up to the date of signature of the financial statements were..
J Bradley
A Foyle
M Georgeson
l Hunt
W E Keith
D Stevenson
Deceased 0310212026
As set out in the Article5 of Assgciation, directors are elected at each annual general meeting.
The registered office i&
Aald Skul (Old School)
Vassa
South Nesting
Shetland
ZE2 9PP
The Tru5tee3 Report was approvetj E>y the Trustees on ....................................
W E Keith
DATE

Independent Examiner's Report to the Trustees of Community Development Company of
I report on the accounts of the charity for the year ended 28 February 2025 which are set out on
Daoes 6 to 18.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors of the company for the purposes of company law)
are responsible for the preparation of the accounts in accordance with the terms of the Charities
and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations
2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a)
to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the
accounts as required under section 44(1) (c) of the AGt and to state whether partlGulai matters have
come to my attention.
Basis of independent examinevs statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations.
An examination inGludes a review of the accounting recoids kept by the charity and a comparison of
the accounts piesented with those records. It also includes consideiation of any unusual items or
disclosures in the accounts. and seeks explanations from the trustees concerning any SUGh mattels.
The procedures undertaken do not provide all the evidence that would be required in an audit, and
consequently I do not express an audit opinion on the view given by the accounts.
Independent examinerfs 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 Reoulations
to prepare accounts which accord with the accounting records and comply with Regulation 8 of the
2006 Accounts Reaulations
have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
Neil Ruthven FCCA
On boh31f of NGR Aceountanoy
Top Floor, The Garrety
Esplanade
Lerwick
Shetland
ZE1 OLL
Date..

COMMUNITY DEVELOPMENT COMPANY OF NESTING
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 25 FEBRUARY 2025
Restiicted
income
funds
Unrèstricted
funds
Restricted
capital funds Total funds
Prior year
funds
Income
Incomefiom..
Donabons and legacies
Chafitable athvfti
275
275
170,951
27,160
283
117,942
34,594
80,596
Othe[trad￿g actriiti85
90,355
27,160
Total Ineome
27,435
80,596
90,355
198,386
152,799
Expendlture
EX￿ndItUre on-
charItsb￿ aGtivities
80,596
121,576
103,943
TotalExpenditure
80,596
121,576
103,943
Net incomellexpenditure) before
transfers for the reporting period
(13,5451
90,355
76,810
48,856
Transfer5 between funds
8.855
18,8551
Net movenRntin funds
I4,6￿)
81,500
76.810
48,856
R￿One1119*￿0n ol
funds.-
Total funds broughtforYfdTd
230,299
8,815
135,158
374,272
325,416
Totsl funds can7ed foThvard
225,609
8,815
216,658
451,082
374,272
The statsment of f
Inanci81 actimties includes all gains and losses recognised in the year.
Al income and expenditure derive from continuing operations.
The statement of finanaal activit8$ also complie5 the r8quiremènts for an income and expenditure account
under the Companies Act 20tb.

COMMUNITY DEVELOPMENT COMPANY OF NESTING
BALANCE SHEET
AS AT 28 FEBRUARY 2025
2025
2024
Fixed assets
Tangible assets
Investments
Total fixed assets
Current assets
Debtors
Cash at bank and in hand
Total current assets
430,177
384,404
430,178
384,405
2,468
19,638
T2,106
36,869
52,072
88,941
Creditors: amounts falling due within
one year
1,202
99,074
Net current aSset￿lIabIlities)
20,904
110,1331
Total assets less currentliabilities
451,082
374,272
Creditors. amounts falling due after
one year
Total net assets
451,082
374,272
Restricted capital funds
Restricted income funds
Unrestricted funds
Total funds
12
216,658
8,815
225,809
135,158
8,815
230,299
12
451,082
374,272
The company was entitled to exemption from audit under s477 ofthe Companies Act 2006 relating
to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of
the Companie5 AGt 2006.
Tne (Jlrectors acKnowledge their responsibilities for complying with the requirements of the
Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance wth the provisions applicable to small
ompanies subject to the small companies regime and in acoKJrdance wth FRS102 SORP.
The financial statements were approved by the Trustees on
W E Keith
Trustee
Date

COMMUNITY DEVELOPMENT COMPANY OF NESTING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Accounting Pollcies
Charity Information
Community Development Company of Nesting is a private company limited by guarantee,
incorporated in Scolsnd. The registered office is Aald Skul (Old School), Vassa, South Nesting,
Shetland, ZE2 9PP.
1.1 Basis of accounting
The financisl statements have been prepared in accordance with the charitable company's
governing document, the Charities and Trustee Investment Iscotlandl Act 2005. the Charities
Accounts (Scolandl Regulations 200612s amended) and Accounting and Reporting by Charities".
Statement Df Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 1021" as amended for accounting periods commencing from 1 January 20191.
The chanty is a Public Benefit Entity as defined by FRS102.
The charity has taken advantage ofthe provisions in the SORP not to prepare a Statement of
Cash Flows.
The financial statements are prepared in sterling, which is the functional currenGy of the Cherity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convenb.on (modified to
include the revaluation of Freehold Properb"es and to include Invesbment Properbeg and certain
financial instruments at fair value). The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that
the Charity has adequate resources to continue in operational existence for the forseeable future.
Thus the Trustees continue to adopt the going concern basis of accounting in preparing the
financial statements.
1.3 Reserves
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the
charitable objectives.
Restncted funds are subject to specrfic conditions by fijnders as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.

COMMUNITY OEVELOPMENT GOMPANY OF NESTING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Accounting Poll¢ies {contlnued)
1.4 Recognitlon of income
These are included in the Statement of Financial Activities ISOFAI when..
- the charity becomes entiled to the resources",
it is more likely than not that the trustees will receive the resources.,
the monetary value can be measured with sufficient reliability.
•dbri uuri¢lLiufTb ¢die ieLuyiiibeu uri ieLeiyi. VLllel uufidLIUIIS die reLuyiiibeu UllLe ui¥ tsri¢dllLy ritl
1.5 Expenditure
Liabilities are recognised where it is more likely than not that there is a legal or constructive
obligation committing the charity to pay out resources and the amount of the obligation can be
measured with reasonable certainty.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct
costs and shared costs, including support costs involved in undertaking each acb'vity. DireGt costs
attirbutable to a single acth.vity are allocated directly to that activity. Shared costs which contribute
to more than one activity and support costs which are not attributable to a single act.vity are
apportioned be￿een those acb"vib"es on a basis cons1Stent with the use of resources. Central staff
costs are allocated on the basis of ts.me spent, and deprecI￿"0n charges are allocated on the
portion of the asset's use.
1.6 Tanglble fixed assets
Tangible fixed assets are inil'ally measuie(J at cost and subsequently measured at cost or
valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual
values over their useful lives on the following bases..
Freehold land and buildings - not depreciated
Improvements to buildings 20A straight line
Plant & equipment- 50 /0 straight line
Equipment, Fixtures & Fittings - 500A straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the
sale proceeds and the carrying value of the asset, and is recognised in the statement of financial
activits"es.
1.7 Stocks
L)ue to the high volume ot low value Items It Is Impractical to esbmate the tair value ot donated
items of stock for resale. The charity therefore takes advantage of the exemption in Charities
SORP IFRS 10216.29 and does not recognise these items on receipt. The value to the cherity of
the donated goods is recognised as inGome when sold.

COMMUNITY DEVELOPMENT COMPANY OF NESTING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Accountlng Policies {¢ontinued)
1.8 Debtors
Debtors are measured on initial recognition at setuement amount after any trade discounts or
amount advanced by the charity. Subsequently, they are measured at the cash or other
consideration expected to be received.
1.9 Creditors
The charity has creditors which are measured at setdement amounts less anytrade discounts
1.10 Financial instruments
The charity only has assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequenly measured at settlement Value.
10

COMMUNITY DEVELOPMENT COMPANY OF NESTING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Note 2
Income
Restrictqd
capitsl
ftjmds
Analysis of inco
UnrestrKtsd Restricted
funds
incon* flbnds
Total funds
2025
Donations
tk)nalions and gifts
and legacies- General grants
275
275
Total
275
275
263
Charitable
Activities:
Grants recEived
80.596
170.951 117 942
other trading
activities..
Sales
27,160
27,160
TOTAL INCOME
80 596
1g8 386 152799
Note 3
Analysis of receipts of govemment grants
2025
2024
Highlands & Islands Enterprise
Development Worker
Delivery Reg)urce
Scrapstore team leader
42,897
32,661
Shetland Islands Council CCF fund
13,127
8.287
Shetland Islands Council
Scrapstore expansion
34,757
Highland & Islands Enterprise
Scrap*ore expansion
1,646
Shetland Corrmunity Benefrt Fund
End of life feafibilily
study
End of life feasitility
study
CommuntyAc*ion Plan
7,280
3,000
Shetland Islands Council
8,7CM)
9.OCM)
Shetland Islands Council
6,700
8,WO
SSEN Community Resilience fvnd
Generator
uinh1￿n￿c 2 l*RIAnAE Fntarnri¢¥
Shgtljnd l£12ndtt Couneil
n￿rnW1n￿ onApM¢
t),JiJ
I I,UYD
84,043
1,891
Energy Saving Trust
Total
170,951 117,942

COMMUNITY DEVELOPMENT COMPANY OF NESTING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Note 6
Paid employees
Staff Costs
2025
2024
Salaries and wages
Social security costs
Pension Gosts (defined contribution scheme)
other employee benefits
64,775 48,765
1,217
1,780
Total staff costs
50 545
There were no employees whose annual remuneration was more than £60,000.
The average monthly
number of employees
2025
2024
Number Number
No directors, emoluments or expenses were paid in year.12024 - £nill
Note 7
Taxation
HMRC recognises the company as a Scottish Ghanty and it is not liable to Corporation Tax on its
charitable activities
13

COMMUNITY DEVELOPMENT COMPANY OF NESTING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Note 4
Expenditure
Total funds Total funds
2025
2024
Expenditure on charitable activities:
Wages and salaries
Other staff costs
Depreciation and impairment
Insurance and rates
Light and heat
Telephone
Advertising
64.810
649
15,718
3,792
476
1,722
680
50,545
1,068
13,975
3,401
35
1,378
1,649
E li
Sundry
Website
Office costs
Repairs and small equipment
Cleaning
Donations
Motor expenses
subscripts.ons
Bank Charges
Community Action Plan
End of life feasiLNlity study
Hall hire and catering
1,036
320
499
620
384
275
1,837
843
296
368
290
353
495
157
50
260
8,000
12,000
820
Total expenditure
93,078
95,723
Share of support costs (see Note 51
Share of governance costs (see Note 5)
28,498
8,220
Analysi5 by fund
Unrestricted funds
Restrictéd funds
40,980
80,596
42,995
60,948
Note 5
Support Costs
Governance
Costs
Support Costs
2025
2024
Legal and professional costs
Accountancy services
25,202
3,296
25,202
3,296
40
8.180
Othèr
accountancy
providers
Breakdown of accountancy services..
Independent
Examiner
2026
2024
Independent examination fee
Other accountancy setv1￿$
790
2.506
790
2,506
790
7.390
12

COMMUNITY DEVELOPMENT COMPANYOF NESTING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Note 8
Tanglble fixed assets
Freehold land &
buildlngs
Building
Improvements
Plant, machFneryand Flxtures, fittings and
motor vehicles
equipmerrt
Total
Cost
At the boginning of
the vear
Additions
Revaluations
Disposals
Transfers '
At end ofthe year
391,727
20,882
4.986
417,599
589
61,492
Depreciation and impairments
At beginning of the
Year
Disposals
Depreciation
Impaiment
Transfers"
At end ofthe year
13,697
14,512
4,986
33,195
6,371
295
15,719
Net book value
Net book valLE at 29
February 2024
378,030
6,370
384.404
Net book value at 28
February 2025
429,880
430,17T
Note 9
Investments
The Charity has a £1 investment being 100°A of the share capital of Aald Skul Enteprises Limrted, a dormant company with
registered address of Aald Skul Iold School), Vassa, South Nesting, Shetland, ZE2 9PP.
14

COMMUNITY DEVELOPMENT COMPANY OF NESTING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Note 10
Debtors
Amounts falling due within one year:
2025
2024
Trade debtors
Prepayments and a¢crued
Other debtors
270
2,160
38
165
28,109
8,595
Total
Note 11
Creditors
Amounts fallling due within one year:
2025
2024
Other taxation and social security
Other loans
Pension Gontn'butions payable
Other creditors
97,837
187
1,050
74
1,128
Total
Amounts falllng due after mole than one year:
2025
2024
Other loans
Total
15

COMMUNrrY DEVELOPMENTCOMPANYOF NESTING
NOTES TOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY2025
Note 12
Charttyfunds
12.1 Detail$ of materlal funds held and movements during the CURRENT reportlng period
Fund
balances at
28 February
2025
Fund
balances at 01
March 2024
Income
Expenditure
Transfers
Fund names
Restricted Income..
Scottish Land Fund
Big Lottery Fund
Shetland Islands
Council CCF fund
6,505
2,310
6,505
2,310
Scrapstore team
leader
Development
Highlands & Islands Worker Delivery
Enterprise
Resource
ShetlarKI Community End ol life feasibilty
Benefit Fund
study
End of life feasibility
Study
13,127
113,12n
42,897
142,89n
7,280
{7,280)
Shetland Islands
Gouncivscottish
Government
8,700
18,7001
Shetland 151ands
Council
Community Action
Plan
6,700
16,7001
Energy Saving Trust
1.892
8.815
80,596
80,596
8,815
Restricted Capitsl=
Highlands & Islands
Enterprise
Shetland Islands
EV Chargepoinl
12,910
12661
12,644
Scrapstore
exDansion
Scrapslore
expansion
Generator
Council
Highland & Islands
85,288
11,741)
83,547
Enterprise
21,339
SSEN Community
Resilience fund
Shetland Island$
Council
Higniano & Islanas
Ent¢lP115e
14351
20,904
4,747
14,747)
Growng spaces
84,042
11,4441
82,598
rowing spaces
10,874
6,313
222
1 $,965
135 158
8.855
Unrestricted Fund
230,299
27.435
140.9801
8,855
225,609
Total Funds as per balance sheet
374,272
198,386
1121,5761
451,082

COMMUNITY DEVELOPMENT COMPANY OF NESTING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Note 13
Analysis of net assets between funds
Restricted
Restrlcted
Unrestrlcted income funds capltal lund5 Total funds Total funds
funds 2025
2025
2025
2025
2024
Tangible fixed assets
213,520
216,658
430,178
384,405
Current assetsllliabilitiesl
12,089
8,815
20,904
110,1331
Long term liabilities
Net assets at 28 February
225,609
8,815
216,658
451,082
374,272
Note 14
Related Party Transactions
There were no disclosable related party transactions during the year. 12024 - none)

Signed By
WILLIAM ELLIS KEini
Date Signed
2026-03-05 08.'40.'50
Email
ellis@skellister.plus.com
Printed Name
William Ellis keith
IP Address
109.151.139.85
Browser User Agent
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Name of signatory
William Keith