Trustees Annual Report and Accounts The Kishorn Community Trust SCIO SC048433 For the year ended 3 June 2024
Tntst•es' Annual Report For the year endod June 2024 The Trusie8s have F4easure in presentirig their sixth Annual report troelher with the financial statements lor Ihe year eThJed 3" June 2024. Reference and Administrative Infonnation Charity name The Kishom Communty Trust SCIO Charity no: SC048433 Rogist8i•d Address Ardoch House Kishom SIrathrr0n IV54 8XA Trustees Structure, Governance and Managenrrt Constitution The Charity is a Scottish Chantable Irrated OrganisatK)n {a SCIO). It was registered in its current legal torm 4th June 2018. It has a single tier structute and as suth ts Trustees are th8 members ot the charity. Appointment of Trustees The ManaMent committee. vh)ith rreets on a re9ular basis. aTe the Charity's Trustees Membership ol the m)39gment cornrnittea is open lo all residenis cl the Kishom Community. Trustees are elected at the Annual Geal Meeting (AGM) which is trld in the third quartef of each year. There must be a minimum of three Tnjslees and a maximum 015.
Background lo the Trust The Kishom community is a small communty comprising 3 main villages. Sanachan, Ardarroth and Achintraid in the North West Highlands. 70 miles to the west ol Invemess. The hislory ol the area is very much steeped in the fishing industry. For a brief spell major Industry was part of area 1th Ihe 1970's HoWrd Ooris development that built the Ninian Central Oil Plarform. which is still operating off the coast of Shetland. This heawi irKlustry vras 'short li.. albeil there are prospects on a smaller scale with the inLYeasing move towards ienewable energy. The area now denves most of its inctme from Fish faming and Ti)urism. being situated on the North Coast 5(K) lourisl roule. The village has seen a bit ol a resuroer)(E ol late with the provision Of'affOrdab housing. and the wjpulation and the nurrtr of chiklren in the village is higher than il has been lor many years. In 2016. the long standing chikjren's Play area vrfas decommissioned by Highland Council due to lack ol funds and the site lay derelict for some tr'me and after a Community meeiing. it was agreed that it should be repla, as it was a safe play area nol only for local thildren, but also for the many visiling families ihat holiday here each year. many reiuming year after year. As a result. the Kishom Community Trusl was lomllY set up in June 2018 with 3 volunieer Trustees, although V th call UFon other voluntary help from the community. There are rK) paid positions wrthin the Trust aThJ that will remain so for the foreseeable tLEture. Obiertives and Activities Charitable purposes Very simpty. the key is for the Ttusl's V¥Drk is lo benefit both k)cal resHJenls and visitors via the provision ol suitable fac"eS that will enhan the lives of both young ar okJ. The aim behirKI this is three fold .. Health lth our first tffoiect. the aim is to get ytyjngslers avray from TVS arKI eledronic gadgels and allow them to interact socially ottw kids in a safe play environment. The Local Economy Tourism forms a signrficant portion of the vittage's revewe is due to the wsiting tourist we have each year. son of whom retum year after yeai. With enhan(*d lacilities for thildien. this can only encourage regjlar and new visrtors which will aid the local ect)nomy. General So¢ial Interactionlcohesion The set-up of the Trust Ivas the resuh of a Villa wide eting. Although not everyone wants to (or has the time) lo get th"reclly involved. the whole Ideas of th8 Trust is thai il is for the benefit of all and as svth the work the Trustees are doing land reporting back to the village on a rewlai basis) will help further involvemenl and iniefaction between resKlents.
Achievernenls and performan in Ihe year to June 2024 s noted in our'plans for the fijlwe n(X1' last year lopped up the PlaygroutKJ surlace with a further 8 bC melres ol Playbark. We also installed two Wsible speed awareness signs. either side ol the Playground. This project was funded donation from Bakkafrosl. The Trust were approach&d and funded anonymousty lo investigato the potential expansM)n of the existing pontoon al Rhunaswl. For a number of reasons this project was shelved We also have some funds remaining from Ihe repair of the oks ponlcon, whith are aTrrdilable rf any repairs are required In SeptenJer 20Z3 saw a village beach elean. with barbetwe afterwards, kindly funded by Scottish Sea Farms. The Trustees also agreed on a new playgr(nJNI inspectim contract with Highland Counthl. Inancial review As identified last year, the posi covid has seen a change in further fund raising as grant givers funding Is more restricÈd. However. the Trusl was SUSSIU1 in obiaininq a rmbe1 of dona5 IFOfn local resKlents and k)(zl busnesses. The total raisedldonaled o%ei the peiK)d VRS £5944. all ofv¥fftlch is dad as 'reslrirled'. ie foi a specific purposelprqect We continue lo l(K)k for oiher piole5 Ihal will fit in with oui initial rt4'ectives and remain orEn io SuggelS from the C(Knrnunity. Reserves pollcy The Trustees agreed a reserves Fx)licy where we rnainlain 5uffiaeni furKls lo cover our regular fulure 'outgoings' wi15 have lo coNtr Insuran of Ihe site aThJ also general upkeep. so we aim 10 have a minifwrn of 6 trbonths futKts in resetve. The Trustees beIve thai this 15 an al*le level but will continue to mOnir ihe level of reserves. Plans for future period The AGM was delayed again lor a wmber of leasS. We have received a number of sugJestt(ms for our next Coynmunity pfoFCt arKI these will be discussed al the next AGM. The trustees dec]are that they have approved the trustees. report above
Examlnorfs Report lo the Tru5tg8s ol Klshom C(xnmunlty Trust I rep on the accounts of the tharity for the year 3 June 2024 which are sel out on pages 5 10 6. Respectlve responslbillties of truslees and examlner The cl)anty's Iruslees Ivtho are also Ihe Uirectors of the company for the purposes of company lawl are responsible for Ihe pparatiOn of the accounts in accordan with Ihe terms of the Charities and Twsiee Inveslmenl l&ollandl Ad 2005 and the Charities Accounts IScoiland> Regulations 20(fi las arnended). The charity Iruslees consider that the audit requiT8menl of Regulation 1011) (ai lo Icl ol Ihe 2(XJ6 Accounts Regulations doe5 not aFply. 11 Is my resFK)nsibility 10 examine accounts as required under section 4411 } {cl of the Act and to state wheiher p3rticJJlar maffers have come to my attention. Basss of Independgnt gxamlnefs statèmènt My exarnination is carried out in accordan with ReguL31ion 11 01 the 2CK16 Accounts Regui3tK)ns. An examination Indudes a review of the accounling iemrds kept by the charity and a c(mpanson of the accounts Presented with those records. It also indudes considerali(M of any unusual items or disck)sures in Ihe accounts and seeks explanations Ircmn the irusiees Conmg any such matters. The procedures undertaken do not provwje all the eviden that Vuld be re(pJired In an audit. arKI consequently I do not express an audit opnion on ihe ¥iew gven by the accounts. Independenl examlnefs statemenl In the course of my examinalNM. no matter has c(me to my attention: which gives rne reason*le cause lo beIve Ihat in any matenal respect the requirèrnents" to keep accounting records in accordance with Section 44(1) {al of 2005 Act and RegulatK)n 4 ot the 2CKJ6 Accounts ReguSath)ns to prepare accounts which accord with ihe accounknng records and Cxsmply with Regulation 8 of the 2(YJ6 Accwnts Re9alK)n$ have not been rneL or 2. to which, in my opinion. attention should be drdwn in order to enable a prcper undeistanding ol the accounts lo be reached.
Klshorn Cornrnunity Trust Statement ol Receipts and Payments lor the year ended 3 June 2024 Unrestricted Restricted Year ended Year ended Funds Funds 03AW2024 0310612023 Recei Grants (Note 5) Donations (Note 4) Fundraising (Note 4) Other 5,944 2.903 5,944 2,903 Pa ments: Revenue ExDenditure (Note 6) Depreciation {Note 6) 4,837 4.837 5,980 2,440 5.980 5.980 Total Payments Net Movement 4.837 1,107 (5.980) (5,980} 10.817 {4.873) {8.420} {5.5171 Surplus Brought Forward Surplusl(Def icit) Carried Forward Add back: Transfer to Fixed Assets Surplus Carried Forward 5.229 (11.9S)) 16.731) {1.214) (17.940) 111.604) (6,731) 19,002 29,200 48202 53,075
Kishorn Community Tru$t Balance Sh* As at 31$1 IAar¢h 2024 2024 2023 Tangible Fixed Assets (Note 6) 41,866 47,846 Current Assets Bank 6.336 6.336 5,22g 5.229 Current Liabilities Creditors.'amounls fallg due wiihiri one ye Nel ojrrent assets {liabililies) 6,336 5.229 Total Assets Less Current Liabililies 5.229 Crayitiys: amounts falling due after rrure than one year Total Assets 48,202 53,075 Reserves Unrestricted Funds 19,CKJ2 17.895 Restricted Funds 29.2 35.180 Total Funds 48,202 53.075 For the year ending 3110312024 the c(Th¥>any was enliiled to exerr¢)ts'rJ) from audit U1Yer Sec1 477 of the Companies Ad 20 relating lo small mpaneS. Directors. responsibilitles: the members have rnt required the c(Mnpany to obtsin an audit of its accounts for the year in queStrt in a{danc viith Settion 476: the directors acknowledge their Tesponsibililies for compl>ing wrth the requiremonts of Ihe Act with respect lo accounting records and thc preparatim ol accounts. . Cc0fdar wilh the provi5ion5 applicable lo ?) 3 2025 and on their behall by'.- The noies on pages 8 to 9 form part ol these fitoncial stalemenls.
Noles to the accounts - for the year ended 31d June 2024 1 Basis of accounting These accounts have been pPared on the Reip1S and Paymenls basis in accordance with the Charities & Trustee Inve51menl (Scolland) Act 2005 and the Charities Accounts (Scotland) Regulations 20( las amended) 2 Nature and purpose of funds Unrestricted funds are those ihat may be used at the discretion of the Trustees in furtherance ol the objecls ol Ihe charity. £12,666 01 funds have been labellod as unrestricted but were ulilised to purchase the Fixed Asset. The TnJste6s maintain a single unrestricted fund tor the day-to-day running of the Tfust. Restricted lunds were only used to purthase Fixed Assets. Restrictions arise when specified by the donor or when lunds are raised for specific purposes 3 Related party Transactions NIA 4 Donations During the yeaT the charity received donations of £5,94412023-. £2.903) towards the PlayPark appeal and also raised £O12023.'£0) thiough fundraising events. S Grant Received No Grants were received during the year to 3 June 202412023.. NIL}.
6 Costs ol Charitable Activitles Other costs were as follows: £ 2024 £ 2023 Access Insurance Expenses Equipment Insurance Various Shelter & Bench 996 3.841 905 1.535 Depreciation 5,980 5.980 Totals 10,817 8,420 The play park has been completed and is in use, the full value of the asset {£59,806) has been transferred trom reseNes to Fixed Assets. Equipment Fixed assets are depreciated over 10 years under the Sliaighl Line method. Fixed Assets Note £ 2024 £ 2023 Cost Cost at 4 June Additions 59,806 59.806 Disposals Cost al 3 June 59,806 59.806 reciation Depreciation al 4 June Char9e Fof Year 11,960 5,980 5,980 5.980 Disposals Depreciation Depreciation at 3 June 17,940 11,960 Net Book Value at 3 June 7 Governance Costs NIA