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Morvern Community Woodlands
Company Limited by Guarantee
Unaudited Financial Statements
For the Year Ending 30th November 2025
Charity Registration Number: SC050538 Company Registration Number: SC275782
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Morvern Community Woodlands Company Limited by Guarantee Trustees' Annual Report (incorporating the Directors' Report Year ended 30th November 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30th November 2025.
Reference and administration details
Registered charity name Morvern Community Woodlands Charity registration number SC050538 Company registration number SC275782 Principal office and registered Rhemore office Drimnin PA80 5XZ The trustees Ellen Bird Alasdair Firth resigned 21st June 2025 Jamie Boult appointed 3rd Feb 2025 Calum Montgomery appointed 3rd Feb 2025 Katy Donnelly appointed 21st June 2025 Lisa Robertson Helen Woolston resigned 1st Nov 2025 Clara Montgomery Sam Firth appointed 21st June 2025 Company secretary Sam Firth appointed 21st June 2025 Independent examiner Kirsty MacIntyre The Highland Bookkeeper 2 Achnaha View Morvern PA80 5AB
Structure, governance and management
The company is managed by a Board of Directors who are elected to the Board in accordance with the procedures outlined in the company's Articles of Association. The Board shall consist of up to 9 (minimum 3) individual persons who must be Ordinary Members; and up to 3 individual persons who must be Ordinary Members; and up to 3 individual persons co-opted.
The structure of the Company comprises;
Members - comprising
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Ordinary Members (who have the right to attend the AGM and any EGM and have important powers under the Articles and the Act, who elect natural persons to serve as Trustees and take decisions in relation to any changes to these Articles), and
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Junior Members;
Trustees - comprising
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Morvern Community Woodlands Company Limited by Guarantee Trustees' Annual Report (incorporating the Directors' Report Year ended 30th November 2025
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Elected Trustees and
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Appointed and Co-opted Trustees
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who hold regular meetings between each AGM, set the strategy and policy of the Company, generally control and supervise the activities of the Company and, in particular, are responsible for monitoring its financial position and, the day to day management of the Company.
The affairs, property and funds of the Company shall be directed and managed by a Board of Trustees. The Board may exercise all such powers of the Company, and may on behalf of the Company do all acts as may be exercised and done by the Company, other than those required to be exercised or done by the Ordinary Members in a General Meeting, and subject always to these Articles and to the provisions of the Act.
The members of the Company shall consist of the Subscribers, who are Ordinary or Junior Members. Ordinary Members are over 16, resident in the Community, are on the electoral register and who support the purposes of the company. Junior Members are aged between 12 and 15, resident in the community and who support the purposes of the company.
The annual membership fee is £1 for life. The company currently has around 120 residents listed as Ordinary Members.
Reserves
The policy of the charity is to retain sufficient funds required to meet ongoing running costs in respect of mainly items like insurance and governing costs.
Objectives and activities
Aims and objectives
The company's main purposes are; sustainable development; the advancement of environmental protection or improvement; the advancement of citizenship or community development; the provision of recreational facilities or the oragnisation of recreational activities, all with relation to the land and woodlands of the Morvern peninsula.
Achievements and performance
The financial year from December 2024 to November 2025 saw a substantial increase in grant funding for the organisation as a result of the Lochaline Community Forest Project, with grants from the Scottish Land Fund, the Highland Council Regeneration Fund, the Community Led Development Fund and the Pebble Trust.
Overall running costs for the organisation increased slightly whilst fundraising revenue was substantially down. The trustees are committed to rectifying this in the new financial year, in order not to deplete funds long term, and will be looking at ways to save costs and raise more revenue that is directly for the running of the organisation. It is important that the overall health of the organisation is not detrimentally affected by taking on such a large project.
The grant funding however, resulted in the commissioning of a robust and detailed feasibility survey for the community forest project which has been vital for moving forward with plans and will be a useful document for the project for the next few years. It also covered community consultation on
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Morvern Community Woodlands Company Limited by Guarantee Trustees' Annual Report (incorporating the Directors' Report
Year ended 30th November 2025
our plans and most importantly the cost of staff time working on the project on a freelance self employed basis increasing MCW's organisational capacity. The project has been successful in the Community Asset Transfer application and Forest and Land Scotland awarded a discount of £177,000 on the purchase price. We are hoping the funding MCW has secured and the many hours of work that has gone into the project will help ensure we are able to purchase this area of forest as a fantastic resource for future generations.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved and signed on behalf of the board of trustees by;
S Firth Trustee
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Morvern Community Woodlands Company Limited by Guarantee Independent Examiners Report to the Trustees of Morvern Community Woodlands
I report on the financial statements of Morvern Community Woodlands for the period ended 30th November 2025, which comprises the statement of financial activities, the balance sheet and the related notes. These financial statements have been prepared in accordance with the Financial Reporting Standard 102 (effective January 2016), under the historical cost convention and the accounting policies set out therein.
Respective responsibilities of directors and independent examiner
The charity's trustee's (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's trustees consider that the audit requirement requirement of Regulation 10(1)(a)t (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 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 Account (Scotland) Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. 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 examiner's statement
In connection with my examination, no matter has come to my attention
(i) 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 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
(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Kirsty MacIntyre BA MICB ACPA PM Dip
The Highland Bookkeeper
2 Achnaha View, Morvern, PA80 5AB
22/05/2026
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Morvern Community Woodlands
Company Limited by Guarantee
Statement of Financial Activities (income and expenditure account) Year ended 30th November 2025
| Income Notes Donations and legacies 5 Grants 6 Charitable Activities 7 Other trading activities 8 Investment Income 9 Total Income Expenditure Charitable Activities 10 Governance Costs 11 Total Expenditure Net Income/(Expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
2024 Unrestricted Funds Restricted Funds Total funds Total funds £ £ £ £ 212 0 212 500 0 37336 37336 2322 0 0 0 0 8593 0 8593 295 84 0 84 120 2025 |
|---|---|
| 8890 37336 46226 3237 |
|
| 4171 37186 41357 2914 400 0 400 534 |
|
| 4571 37186 41757 3448 |
|
| 4319 150 4469 -211 |
|
| 3097 46092 49189 49400 |
|
| 7416 46242 53658 49189 |
The notes on the following pages form part of these financial statements
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Morvern Community Woodlands Company Limited by Guarantee Statement of Financial Position Year ended 30th November 2025
| Fixed Assets Note Land - Achnaha Woodlands 14 Current Assets Debtors 15 Cash In Bank and In Hand Creditors Amounts falling due within one year 16 Net current assets Total assets less current liabilities (net assets) Funds of the charity Unrestricted Restricted Total charity funds 17 |
2025 £ 40000 40000 £ 534 33124 33658 20000 53658 53658 7416 46242 53658 0 |
2024 £ 40000 |
|---|---|---|
| 40000 £ 0 9473 |
||
| 9473 284 |
||
| 49189 | ||
| 49189 | ||
| 3097 46092 |
||
| 49189 | ||
For the year ending 30th November 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies
Directors' responsibilities
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue and are signed on behalf of the board by;
Sam Firth
Trustee
26/05/2026
The notes on the following pages form part of these financial statements
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Morvern Community Woodlands Company Limited by Guarantee Notes to the Financial Statements Year ended 30th November 2025
1 General information
The charity is a public benefit entity and a private limited company limited by guarantee, registered in Scotland, and a registered charity in Scotland. The address of the registered office is Rhemore, Drimnin, PA80 5XZ.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standand applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of charity's purposes.
Restricted funds are subject to restrictions on their expenditure declared by the donor.
Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reasonably measured. The following specific policies are applied to particular categories of income;
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income from donations or grants is recognised when there is evidence of the entitlement to the gift, receipt is probable and its amount can be measured reliably
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legacy income is recognised when receipt is probable and entitlement is established
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income from donated goods is measured at fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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Morvern Community Woodlands Company Limited by Guarantee Notes to the Financial Statements Year ended 30th November 2025
Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure is classed under headings of the statement of financial activities to which it relates;
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including support costs.
4 Limited by guarantee
- Morvern Community Woodlands is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required, not exceeding £1, to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5 Donations and legacies
| Donations General donation Firewood Easter egg hunt Soup kitchen Spring talk * |
Unrestricted Funds Restricted Funds Total funds 2025 Total funds 2024 15 0 15 80 65 0 65 40 132 0 132 232 0 0 0 114 0 0 0 35 |
|---|---|
| 212 0 212 500 |
*£44 written off from historic petty cash inconsistency
6 Grants
| Scottish Land Fund Highland Council Ardtornish Hydro Fund MCDC HIE Morvern Community Trust 7 Charitable activities Membership |
Unrestricted Funds Restricted Funds Total funds 2025 Total funds 2024 0 7080 7080 0 0 24792 24792 0 0 664 664 0 0 4800 4800 0 0 0 0 1322 0 0 0 1000 |
|---|---|
| 0 37336 37336 2322 |
|
| Unrestricted Funds Restricted Funds Total funds 2025 Total funds 2024 0 0 0 0 |
|
| 0 0 0 5 |
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Morvern Community Woodlands Company Limited by Guarantee Notes to the Financial Statements Year ended 30th November 2025
8 Other trading activities
| Book sales Tool sales |
Unrestrict ed Funds Restricted Funds Total funds 2025 Total funds 2024 93 0 93 50 8500 0 8500 245 |
|---|---|
| 8593 0 8593 295 |
9 Investment income
| Bank interest | Unrestrict ed Funds Restricted Funds Total funds 2025 Total funds 2024 84 0 84 120 |
|---|---|
| 84 0 84 120 |
10 Cost of charitable activities
| Travel cost Hall rent Insurance Repairs Host fees (CAKE) * Fundraising event costs Professional fees Sundry Total |
Unrestrict ed Funds Restricted Funds Total funds 2025 Total funds 2024 115 0 115 513 221 0 221 96 171 0 171 0 29 664 693 1374 0 -150 -150 825 196 0 196 97 3405 36672 40077 0 35 0 35 10 |
|---|---|
| 4171 37186 41357 2914 |
- bad debt of £150 written off
11 Governance Costs
| Governance Costs | |
|---|---|
| Cost of Independent Examination Preparation of Annual Accounts ** |
Unrestrict ed Funds Restricted Funds Total funds 2025 Total funds 2024 150 0 150 200 250 0 250 334 |
| 400 0 400 534 |
- ** includes an accrual of £134 written off
12 Key Management Personnel
The key management personnel of the charity are the Board of Trustees. No key management personnel were remunerated in the year.
13 Trustee remuneration and expenses
The charity trustees, who are the directors of the company, were not paid and did not receive any remuneration, benefits in kind or reimbursement of expenses in their capacity as trustee during the year. No trustee received payment for professional or other services supplied to the charity.
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Morvern Community Woodlands Company Limited by Guarantee Notes to the Financial Statements Year ended 30th November 2025
14 Tangible Fixed Assets
| At 1 Dec 2024 Cost £ Land - Achnaha Woods 40,000 40,000 The company purchased Achanaha Woods in 2014. 15 Debtors Other debtors 16 Creditors: amounts falling due within one year Trade creditors Accruals and deferred income |
At 1 Dec 2024 £ 40,000 |
Additions At 30 Nov 2025 £ £ ─ 40,000 |
|---|---|---|
| 40,000 | ─ 40,000 |
|
| 2025 2024 £ £ 534 0 |
||
| 2025 2024 £ £ 0 150 20000 134 |
||
| 20000 284 |
17 Analysis of charitable funds
Unrestricted funds
Restricted funds
| At 1 | |||||
|---|---|---|---|---|---|
| Dec | At 30 Nov | ||||
| 2024 | Income | Expenditure | Transfers | 2025 | |
| £ | £ | £ | £ | £ | |
| 3097 | 8846 | 4571 | 0 | 7372 | |
| 3097 | 8846 | 4571 | 0 | 7372 | |
| At 1 | |||||
| Dec | At 30 Nov | ||||
| 2024 | Income | Expenditure | Transfers | 2025 | |
| £ | £ | £ | £ | £ | |
| 46092 | 37336 | 37186 | 0 | 46242 | |
| 46092 | 37336 | 37186 | 0 | 46242 |
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Morvern Community Woodlands Company Limited by Guarantee Notes to the Financial Statements Year ended 30th November 2025
18 Analysis of net assets between funds
| Fixed assets Current assets Creditors less than 1 year |
Unrestricted Funds Restricted Funds Total funds 2025 Total funds 2024 0 40000 40000 40000 33614 0 33614 9473 0 20000 20000 284 |
|---|---|
| 33614 20000 53614 49189 |
19 Related parties
There are no related party transactions.
20 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable onjects.
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