2025-03-31-accounts - Kilmuir Community Trust

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REGISTERED CHARITY NUMBER: SC050251

REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

FOR

KILMUIR COMMUNITY TRUST

CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

KILMUIR COMMUNITY TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

		`Page`
`Report of the Trustees`	`1`	`to`	`4`
`Independent Examiner's Report`		`5`
`Statement of Financial Activities`		`6`
`Balance Sheet`		`7`
`Notes to the Financial Statements`	`8`	`to`	`17`

KILMUIR COMMUNITY TRUST

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 MARCH 2025`

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

The principal objects of the charity are:

ToadvancecommunitydevelopmentinthecroftingtownshipsoftheKilmuirCommunityCouncilareaandthe associated
common grazings by:

identifying local needs;
managing and developing a community plan based on these needs and creating a sense of community ownership of this
plan;
setting out a programme for addressing these needs with the aim of improving the social and physical quality of life for
the whole community.

To advance arts, heritage and culture for the Kilmuir community and wider public who visit the area by:

celebrating and promoting our local Gaelic culture;
preserving and promoting the local history and traditions in the area;
providing opportunities for members of the community to participate in and experience a wide variety of art forms.

To provide recreational facilities in the Kilmuir area by:

taking ownership of and operating Kilmuir village hall;
working with the community and other local organisations for the provision of outdoor facilities.

Page 1

KILMUIR COMMUNITY TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2025

`ACHIEVEMENTS AND PERFORMANCE`

`Charitable activities`

Summary of the Trust's Activities and Achievements during the year ended 31/03/25:

`Kilmuir Village Hall`

KilmuirHallhascontinuedtobeextremelybusyduringthisperiod,andcontinuesitspositionasagenuine 'community
hub'forKilmuir,withawiderangeofregularandone-offactivitiesthathavebeenmuchappreciatedby residents,
visitors, and the wider population of Skye. This is backed up by its active presence and reach on Social Media.

TheTrustSecured£1,000donationfromMOWIforkitchenequipmentleadingtoanewdishwasherbeinginstalled. The
HallnowhasimprovedBroadbandfacilities,withincreasedBandwidthnextontheagenda.420treesaplings were
donatedbytheWoodlandTrustand£1500securedfromIsleofSkyeRenewablestofencethemoff.TheHallhas served
as polling station demonstrating its civic importance.

Culturalandcommunityworkhascontinuedtobeinspiring.FromtheHistoricalSociety'srecent'Shopsand Businesses'
exhibition,toSgriobhBookFestivaltopromotionofSeachdainnaGàidhlig,andfromYogasessions,Croftingmeetings, to
diversemusicalevents,ceilidhs,volunteerdays,treeplanting,hallredecoration,culturalexchangewithvisitors from
Argentina and much more, our calendar has brimmed with events that celebrate both tradition and togetherness.

`Hall development`

ThePhase1project,tobuildthecarpark,hascompletedanditisnowinregularuse.Asmallamountofincome has
startedtobegeneratedviatheCampervanWasteDisposalunitandEVchargingstations.Thecarparkisn'tperfect, and
we are still making improvements such as fencing and tree planting.

`Gaelic and Community Officer`

Eilidh,ourGDO,receivedspecialrecognitionintheScottishParliamentfollowing'visittoour community
lastAugust.ThishighlightsthevitalculturalworkhappeningintheheartofKilmuir,andEilidhfullydeserved being
acknowledgedinthisway.TheverycrucialfundingfromBnaGfortheGDOhasbeenpiecemeal,butanew funding
application for a more appropriate three year package from BnaG has been submitted. We are sure it will be successful.

`Governance`

Theyearstartedwith7electedTrustees.FollowinganEGMlastyear,theconstitutionwasamendedtoincrease the
numberofTrusteestoamaximumof10.AttheAGMinJune2025,7Trusteessteppeddown,2currentTrustee were
re-appointed and 8 new Trustees appointed.

`FINANCIAL REVIEW`

`Financial position`

Duringtheyearthecharity'sincomeexceededexpenditureresultinginnetincomeof£180,664fortheperiod(2024- net
incomeof£209,970).Followingtransfersbetweenfunds,thisrepresentsandecreaseof£1,720inunrestrictedfunds and
anincreaseof£182,384inrestrictedfunds.Asaresult,unrestrictedreserveshavedecreasedto£5,311(2024- £7,031)
andrestrictedfundshasincreasedto£489,156(2024-£306,772),whichthetrusteesconsiderissufficienttomeet the
charity's operational requirements for the forthcoming year.

Theincreaseinrestrictedfundsrelatesmainlytocapitalgrantsreceivedduringtheyearinrespectofthedevelopment of
visitor facilities in and around Kilmuir Hall.

`Principal funding sources`

The charity is dependent on grants, donations, hall hires and events income to funds its operational costs.

`Reserves policy`

Thegeneralfundrepresentstheunrestrictedfundsfrompastoperatingresults.Italsorepresentsthefreereservesof the
charity.Thetrusteeshaveexaminedthecharity'srequirementsforreservesinlightofthemainriskstothecharity and
considerthatthreemonthsoperatingexpenditure,whichequatesto£14,000,shouldbeheldinunrestricted reserves.
Thiswouldallowthecharitytocontinuetooperateintheeventofaninterruptioninitsincomestreams.The unrestricted
reservesheldat31March2024fallsshortofthistargetandthetrusteesaimtobuildreservestothislevel through
planned operating surpluses over the next few years. Funds are also raised for specific projects as required.

`FUTURE PLANS`

Thecharity'splansforthefutureincludetheongoingmanagement,maintenanceanddevelopmentofthecommunity hall
and land.

Page 2

KILMUIR COMMUNITY TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2025

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

ThecharityisaScottishCharitableIncorporatedOrganisation(SCIO)whichbecamearegisteredcharityon30 June
2020. The purposes and administration of the charity are set out in its constitution.

The charity is also known by its Gaelic name,

`Recruitment and appointment of new trustees`

Themanagementofthecharityistheresponsibilityoftheboardoftrusteeswhoareappointedorre-appointedunder the
termsoftheconstitution.AteachAnnualGeneralMeeting,themembersmayelectanymembertobeacharity trustee.
Theboardmayatanytimeappointanymembertobeacharitytrustee.Inaddition,theboardmayatanytime appoint
anynon-memberoftheorganisationtobeacharitytrusteeeitheronthebasisthattheyhavebeennominatedbya body
withwhichtheorganisationhasclosecontactinthecourseofitsactivitiesoronthebasisthattheyhave specialist
experienceand/orskillswhichcouldbeofassistancetotheboard.AteachAGM,allofthecharitytrusteesshall retire
from office but shall then be eligible for re-election.

`Organisational structure`

Theboardoftrusteesmanagestheaffairsofthecharitythroughregularmeetings.Thetrusteesareheavilyinvolved in
thedaytodayoperationsofthecharity.ThecharityemploysaGaelicandCommunityOfficerwhoassistsin the
implementation of decisions from the board of trustees.

`Induction and training of new trustees`

The charity undertakes training for trustees to ensure awareness and understanding of:-

the responsibilities of trustees;
the organisational structure of the charity;
the financial position of the charity; and
the future plans and objectives of the charity.

`Related parties`

InMarch2024,thecharitysetupawhollyownedsubsidiarycompany,KilmuirTradingCompanyLimited,to develop
commercialactivitiesinandaroundKilmuirHall.Fulldetailsofthecharity'ssubsidiaryareincludedinthenotesto the
financial statements.

`Risk management`

Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.

Thetrusteeshaveconsideredthemajorriskstowhichthecharityisexposed,inparticularthoserelatingtothe operations
and finances of the charity, and are satisfied that measures are in place to mitigate exposure to those risks.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Charity number`

SC050251

`Principal address`

Kilmuir Hall
Kilmuir
Portree
Isle of Skye
IV51 9YS

Page 3

KILMUIR COMMUNITY TRUST

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025

`Trustees`

==> picture [128 x 186] intentionally omitted <==

`Independent Examiner`

John E Moffat BA FCA
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

`Bankers`

Unity Trust Bank plc
PO Box 7193
Planetary Road
Willenhall
WV1 9DG

Approved by order of the board of trustees on 23 December 2025 and signed on its behalf by:

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
KILMUIR COMMUNITY TRUST

I report on the accounts for the year ended 31 March 2025 set out on pages six to seventeen.

`Respective responsibilities of trustees and examiner`

Thecharity'strusteesareresponsibleforthepreparationoftheaccountsinaccordancewiththetermsofthe Charities
andTrusteeInvestment(Scotland)Act2005andtheCharitiesAccounts(Scotland)Regulations2006(asamended). The
charity'strusteesconsiderthattheauditrequirementofRegulation10(1)(a)to(c)oftheAccountsRegulationsdoes not
apply.ItismyresponsibilitytoexaminetheaccountsasrequiredunderSection44(1)(c)oftheActandtostate whether
particular matters have come to my attention.

`Basis of the independent examiner's report`

MyexaminationwascarriedoutinaccordancewithRegulation11oftheCharitiesAccounts(Scotland)Regulations 2006.
Anexaminationincludesareviewoftheaccountingrecordskeptbythecharityandacomparisonofthe accounts
presentedwiththoserecords.Italsoincludesconsiderationofanyunusualitemsordisclosuresintheaccounts, and
seekingexplanationsfromyouastrusteesconcerninganysuchmatters.Theproceduresundertakendonotprovide all
theevidencethatwouldberequiredinanaudit,andconsequentlyIdonotexpressanauditopinionontheviewgiven by
the accounts.

`Independent examiner's statement`

In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

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.

CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

23 December 2025

Page 5

KILMUIR COMMUNITY TRUST

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`

`Unrestricted` `Restricted` `fund` `funds` `Notes` `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `2` `3,967` `(1)` `Charitable activities` `4` `Community Hall` `12,770` `214,012` `Investment income` `3` `298` `-` `Total` `17,035` `214,011` `EXPENDITURE ON` `Charitable activities` `5` `Community Hall` `18,755` `31,627` `NET INCOME/(EXPENDITURE)` `(1,720)` `182,384` `RECONCILIATION OF FUNDS` `Total funds brought forward` `7,031` `306,772` `TOTAL FUNDS CARRIED FORWARD` `5,311` `489,156`	`31.3.25` `Total` `funds` `£` `3,966` `226,782` `298` `231,046` `50,382` `180,664` `313,803` `494,467`	`31.3.24` `Total` `funds` `£` `4,489` `262,622` `-`
		`267,111`
		`57,141`
		`209,970` `103,833`
		`313,803`

The notes form part of these financial statements

Page 6

KILMUIR COMMUNITY TRUST

`BALANCE SHEET`

`31 MARCH 2025`

31.3.25
Notes
£
FIXED ASSETS
Tangible assets
11
484,150
Investments
12
100
484,250
CURRENT ASSETS
Debtors
13
1,511
Cash at bank
64,084
65,595
CREDITORS
Amounts falling due within one year
14
(55,378)
NET CURRENT ASSETS
10,217
TOTAL ASSETS LESS CURRENT LIABILITIES
494,467
NET ASSETS
494,467
FUNDS
17
Unrestricted funds
5,311
Restricted funds
489,156
TOTAL FUNDS
494,467 31.3.24
£
210,921
100
211,021
26,324
246,768
273,092
(170,310)
102,782
313,803
313,803
7,031
306,772
313,803

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon23December2025 and
were signed on its behalf by:

The notes form part of these financial statements

Page 7

KILMUIR COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
andTrusteeInvestment(Scotland)Act2005.Thefinancialstatementshavebeenpreparedunderthe historical
cost convention, with the exception of investments which are included at market value.

Thefinancialstatementsarepreparedinsterlingwhichisthefunctionalcurrencyofthecharity,andamounts are
rounded to the nearest £.

`Preparation of consolidated financial statements`

ThefinancialstatementscontaininformationaboutKilmuirCommunityTrustasanindividualcharityanddo not
containconsolidatedfinancialinformationastheparentofagroup.Thecharityhastakentheoption under
Regulation6oftheCharitiesAccounts(Scotland)Regulations2006nottoprepareconsolidated financial
statementsasthecharityanditssubsidiary,KilmuirTradingCompanyLimited,qualifyasasmallgroupand the
gross income of the group is below the charities consolidated accounts preparation threshold.

`Financial reporting standard 102 - reduced disclosure exemptions`

Thecharityhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancialstatements, as
permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

`Critical accounting judgements and key sources of estimation uncertainty`

Intheapplicationofthecharity'saccountingpolicies,thetrusteesarerequiredtomakejudgements, estimates
and assumptions that affect the amounts reported for assets, liabilities, income and expenditure.

Theestimatesandassociatedassumptionsarebasedonhistoricalexperienceandotherfactorsthat are
considered to be relevant. Actual results may differ from these estimates.

Theestimatesandassumptionsarereviewedonanongoingbasis.Revisionstoaccountingestimates are
recognised in the period in which the estimate is revised and in future periods should it affect future periods.

Theestimatesandassumptionswhichcarryahigherdegreeofriskofcausingamaterialadjustmentto the
carrying amount of assets and liabilities are as follows:

`Useful economic lives of tangible fixed assets`

Theannualdepreciationchargefortangiblefixedassetsissensitivetochangesintheestimateduseful economic
livesandresidualvaluesoftheassets.Theyareamendedwhennecessarytoreflectcurrentestimates, future
investment,economicutilisationandthephysicalconditionoftheassets.Seenote10fordetailsofthevalues of
tangible fixed assets.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothe income,
thereissufficientcertaintyofreceiptandsoitisprobablethattheincomewillbereceived,andtheamount of
income receivable can be measured reliably.

Grantsgeneratedtosupporttheobjectsofthecharityandwithoutfurtherspecifiedpurposearetakento the
StatementofFinancialActivitiesinthatperiod.Grantsreceivedwhicharerelatedtocapitalexpenditureorare for
aspecifiedpurposearetransferredtoRestrictedFundsandareutilisedtofundthefuturedepreciationof the
related capital expenditure or fund the costs relating to the specified purpose.

continued...

Page 8

KILMUIR COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

`1. ACCOUNTING POLICIES - continued`

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.

`Charitable activities`

Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsobjectsandactivities. It
includesbothcoststhatcanbeallocateddirectlytosuchactivitiesandthosecostsofanindirectnature necessary
to support them.

`Governance costs`

Governancecostsincludethosecostsassociatedwithmeetingtheconstitutionalandstatutoryrequirements of
the charity and include accountancy fees and costs linked to the strategic management of the charity.

`Allocation and apportionment of costs`

AllcostsareallocatedbetweentheexpenditurecategoriesoftheStatementofFinancialActivitiesona basis
designedtoreflecttheuseoftheresource.Costsrelatingtoaparticularactivityareallocateddirectly,others are
apportioned on an appropriate basis e.g. estimated usage.

`Tangible fixed assets`

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings- no depreciation on land
Car park development- no depreciation-asset under construction
Fixtures and fittings- 20% on cost

Tangiblefixedassetsarestatedatcostlessaccumulateddepreciation.Thecostsofminoradditionsor those
costing below £100 are not capitalised.

`Investments`

Fixed asset investments in group undertakings are stated at cost less accumulated provision.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

`Pension costs and other post-retirement benefits`

Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
scheme are charged to the  Statement of Financial Activities in the period to which they relate.

`Debtors and creditors receivable / payable within one year`

Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyeararerecorded at
transaction price. Any losses arising from impairment are recognised in expenditure.

continued...

Page 9

KILMUIR COMMUNITY TRUST

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`2.` `DONATIONS AND LEGACIES` `Donations` `3.` `INVESTMENT INCOME` `HMRC interest on VAT` `4.` `INCOME FROM CHARITABLE ACTIVITIES` `Activity` `Hall hires, events and` `activities` `Community Hall` `Grants` `Community Hall` `Employment Allowance` `Community Hall` `Grants received, included in the above, are as follows:` `The Highland Council` `Highlands and Islands Enterprise` `Bord na Gaidhlig` `Highland Third Sector Interface` `Corra Foundation` `Islands Book Trust` `Dunvegan Community Trust` `Edinbane Community Council` `Comhairle nan Leabhraichean` `Urras An Eilean SGR` `5.` `CHARITABLE ACTIVITIES COSTS` `Direct` `Costs (see` `note 6)` `£` `Community Hall` `39,665`	`31.3.25` `£` `3,966` `31.3.25` `£` `298` `31.3.25` `£` `4,074` `220,056` `2,652` `226,782` `31.3.25` `£` `182,326` `5,272` `28,958` `-` `-` `250` `1,000` `750` `500` `1,000` `220,056` `Support` `costs (see` `note 7)` `£` `10,717`	`31.3.24` `£` `4,489` `31.3.24` `£` `-` `31.3.24` `£` `11,897` `248,073` `2,652`
		`262,622`
		`31.3.24` `£` `90,819` `145,683` `7,231` `1,420` `2,920` `-` `-` `-` `-` `-`
		`248,073`
		`Totals` `£` `50,382`

continued...

Page 10

KILMUIR COMMUNITY TRUST

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`6. DIRECT COSTS OF CHARITABLE ACTIVITIES`

				`31.3.25`	`31.3.24`
				`£`	`£`
`Staff costs`				`31,627`	`31,631`
`Events and activities`				`7,775`	`8,767`
`Hall improvements`				`263`	`9,426`
				`39,665`	`49,824`
`SUPPORT COSTS`
	`Human`			`Governance`
`resources`		`Premises`	`Administration`	`costs`	`Totals`
	`£`	`£`	`£`	`£`	`£`
`Community Hall`	`979`	`3,761`	`4,261`	`1,716`	`10,717`
`Support costs, included in the above,`	`are as follows:`
				`31.3.25`	`31.3.24`
				`Community`	`Total`
				`Hall`	`activities`
				`£`	`£`
`Telephone`				`163`	`-`
`Postage and stationery`				`816`	`-`
`Rates and water`				`(104)`	`99`
`Insurance`				`882`	`498`
`Light and heat`				`2,034`	`2,718`
`Repairs and maintenance`				`949`	`658`
`Marketing and advertising`				`-`	`1,407`
`Website`				`80`	`302`
`Conferences and travel`				`-`	`311`
`Memberships and subscriptions`				`25`	`15`
`Sundry expenses`				`580`	`242`
`Interest payable and similar charges`				`3,576`	`72`
`Accountancy fees`				`1,446`	`725`
`Payroll fees`				`270`	`270`
				`10,717`	`7,317`

`7. SUPPORT COSTS`

`8. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norfortheyear ended
31 March 2024.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

continued...

Page 11

KILMUIR COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

`9. STAFF COSTS`

`Wages and salaries` `Social security costs` `Other pension costs` `The average monthly number of employees during the year was as follows:` `Gaelic Development Officer` `No employees received emoluments in excess of £60,000.` `COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES` `Unrestricted` `fund` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `4,489` `Charitable activities` `Community Hall` `11,457` `Total` `15,946` `EXPENDITURE ON` `Charitable activities` `Community Hall` `10,164` `NET INCOME` `5,782` `RECONCILIATION OF FUNDS` `Total funds brought forward` `1,249` `TOTAL FUNDS CARRIED FORWARD` `7,031`	`31.3.25` `31.3.24` `£` `£` `28,313` `28,317` `2,652` `2,652` `662` `662` `31,627` `31,631` `31.3.25` `31.3.24` `1` `1` `Restricted` `Total` `funds` `funds` `£` `£` `-` `4,489` `251,165` `262,622` `251,165` `267,111` `46,977` `57,141` `204,188` `209,970` `102,584` `103,833` `306,772` `313,803`	`31.3.25` `31.3.24` `£` `£` `28,313` `28,317` `2,652` `2,652` `662` `662` `31,627` `31,631` `31.3.25` `31.3.24` `1` `1` `Restricted` `Total` `funds` `funds` `£` `£` `-` `4,489` `251,165` `262,622` `251,165` `267,111` `46,977` `57,141` `204,188` `209,970` `102,584` `103,833` `306,772` `313,803`

		`267,111`
		`57,141`
		`209,970` `103,833`
		`313,803`

`10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

continued...

Page 12

KILMUIR COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

`11. TANGIBLE FIXED ASSETS`

`COST` `At 1 April 2024` `Additions` `At 31 March 2025` `NET BOOK VALUE` `At 31 March 2025` `At 31 March 2024` `FIXED ASSET INVESTMENTS` `MARKET VALUE` `At 1 April 2024 and 31 March 2025` `NET BOOK VALUE` `At 31 March 2025` `At 31 March 2024`	`Land and` `Car park` `buildings` `development` `£` `£` `15,859` `195,062` `-` `271,673` `15,859` `466,735` `15,859` `466,735` `15,859` `195,062`	`Fixtures` `and` `fittings` `Totals` `£` `£` `-` `210,921` `1,556` `273,229` `1,556` `484,150` `1,556` `484,150` `-` `210,921` `Shares in` `group` `undertakings` `£` `100` `100` `100`

`12. FIXED ASSET INVESTMENTS`

There were no investment assets outside the UK.

The charity's investments at the balance sheet date in the share capital of companies include the following:

`Kilmuir Trading Company Limited`

Nature of business: develop commercial activities in and around Kilmuir Hall

`Kilmuir Trading Company Limited` `Nature of business: develop commercial activities in and around Kilmuir Hall`
`%`
`Class of share:` `holding`
`Ordinary` `100`

	`31.3.25`
	`£`
`Aggregate capital and reserves`	`94`
`Profit/(loss) for the year`	`(6)`

continued...

Page 13

KILMUIR COMMUNITY TRUST

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

Other debtors
Amounts owed by subsidiary
VAT
Prepayments
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
16.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
funds
£
£
Fixed assets
2,096
482,054
Investments
100
-
Current assets
4,093
61,502
Current liabilities
(978)
(54,400)
5,311
489,156

continued...

Page 14

KILMUIR COMMUNITY TRUST

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`

`17. MOVEMENT IN FUNDS`

`Unrestricted funds` `General fund` `Restricted funds` `Hall Development fund` `Community Mental Health and Wellbeing` `fund` `Gaelic Fund` `Land Purchase fund` `Car Park Development fund` `TOTAL FUNDS` `Net movement in funds, included in the above are` `Unrestricted funds` `General fund` `Restricted funds` `Gaelic Fund` `Car Park Development fund` `TOTAL FUNDS`	`At 1.4.24` `£` `7,031` `3,891` `3,469` `2,162` `15,859` `281,391` `306,772` `313,803` `as follows:`	`Net` `movement` `in funds` `£` `(1,720)` `-` `-` `(18)` `-` `182,402` `182,384` `180,664` `Incoming` `resources` `£` `17,035` `31,609` `182,402` `214,011` `231,046`	`Transfers` `between` `funds` `£` `-` `(3,891)` `-` `-` `-` `3,891` `-` `-` `Resources` `expended` `£` `(18,755)` `(31,627)` `-` `(31,627)` `(50,382)`	`At` `31.3.25` `£` `5,311` `-` `3,469` `2,144` `15,859` `467,684` `489,156` `494,467` `Movement` `in funds` `£` `(1,720)` `(18)` `182,402` `182,384` `180,664`

continued...

Page 15

KILMUIR COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

`17. MOVEMENT IN FUNDS - continued`

`Comparatives for movement in funds`

`Unrestricted funds` `General fund` `Restricted funds` `Hall Development fund` `Corra Foundation fund` `Ionad Throndairnis fund` `Community Mental Health and Wellbeing` `fund` `Gaelic Fund` `Land Purchase fund` `Car Park Development fund` `TOTAL FUNDS`	`At 1.4.23` `£` `1,249` `24,284` `2,000` `1,000` `2,049` `22,970` `15,859` `34,422` `102,584` `103,833`	`Net` `movement` `in funds` `£` `5,782` `(9,426)` `(2,000)` `(1,000)` `1,420` `(20,808)` `-` `236,002` `204,188` `209,970`	`Transfers` `between` `funds` `£` `-` `(10,967)` `-` `-` `-` `-` `-` `10,967` `-` `-`	`At` `31.3.24` `£` `7,031` `3,891` `-` `-` `3,469` `2,162` `15,859` `281,391`
				`306,772`
				`313,803`

Comparative net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Hall Development fund` `Corra Foundation fund` `Ionad Throndairnis fund` `Community Mental Health and Wellbeing` `fund` `Gaelic Fund` `Car Park Development fund` `TOTAL FUNDS` `FUNDS`	`Incoming` `resources` `£` `15,946` `-` `2,920` `-` `1,420` `10,823` `236,002` `251,165` `267,111`	`Resources` `Movement` `expended` `in funds` `£` `£` `(10,164)` `5,782` `(9,426)` `(9,426)` `(4,920)` `(2,000)` `(1,000)` `(1,000)` `-` `1,420` `(31,631)` `(20,808)` `-` `236,002` `(46,977)` `204,188` `(57,141)` `209,970`	`Resources` `Movement` `expended` `in funds` `£` `£` `(10,164)` `5,782` `(9,426)` `(9,426)` `(4,920)` `(2,000)` `(1,000)` `(1,000)` `-` `1,420` `(31,631)` `(20,808)` `-` `236,002` `(46,977)` `204,188` `(57,141)` `209,970`
			`204,188`
			`209,970`

`General fund`

Thegeneralfundrepresentsunrestrictedfundswhichthetrusteesarefreetouseinaccordancewith the
charitable objects.

`Hall Development fund`

Thisrepresentsgrantsreceivedfrompublicfundingagenciesandtrustsforthepurposeofdeveloping and
upgrading Kilmuir Hall.

`Corra Foundation fund`

This represents funds received from Corra Foundation to fund activities at Kilmuir Hall.

continued...

Page 16

KILMUIR COMMUNITY TRUST

FOR THE YEAR ENDED 31 MARCH 2025

`NOTES TO THE FINANCIAL STATEMENTS - continued`

`17. MOVEMENT IN FUNDS - continued`

`Ionad Throndairnis fund`

ThisrepresentsfundsreceivedfromIonadThrondairnistofundspecificGaelicrelatedactivitiesagreedby the
trustees.

`Community Mental Health and Wellbeing fund`

Thisrepresentsgrantsreceivedfrompublicfundingagenciesandtruststoundertakeactivitiesthatpromote and
develop good mental health and wellbeing.

`Gaelic fund`

ThisrepresentsfundsreceivedtoemployaGaelicandCommunityofficertopromotetheGaeliclanguage and
culture through community projects and initiatives.

`Land Purchase fund`

Thisrepresentsgrantsreceivedfrompublicfundingagenciesandtruststoassistwiththepurchaseofparcels of
land adjoining Kilmuir Hall.

`Car Park Development fund`

Thisrepresentsgrantsreceivedfrompublicfundingagenciesandtruststoassistwiththedevelopmentof visitor
facilitiesinandaroundKilmuirHall.Thefundswillbeutilisedtofundthefuturedepreciationofthe capital
expenditure.

`18. CONTINGENT LIABILITIES`

AstandardsecurityoverKilmuirVillageHallandadjoininglandhasbeengrantedtoTheHighlandCouncilas part
of the funding agreement for the new visitor facilities at Kilmuir Hall.

`19. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 March 2025.

`20. PERMANENT ENDOWMENTS`

The charity does not have any permanent endowments.

Page 17