Comp•ry regi•tratk>n numb•r SC670324 (Scollandl
Charfty rngl¥tration numb•r SC050787 IScoU•ndl
FARR NORTH COMMUNITY DEVELOPMENT TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

FARR NORTH COMMUNITY DEVELOPMENT TRUST
LEGALAND ADMINISTRATIVE INFORMATION
K Celh
C Easti
(Appointed 12 December
20241
IAFPJInt￿ 11 J￿e 20251
K KirMJ
Charfty nwnb•r (Sctyltsndl
SCO50787
Cofflpany n￿nts•r
SC670324
Regl8tered offlc•
NaverTeleseThKx Gèntr•
Thurso
KM4 7SS
Independenl ex•mln•r
A.J.B. Sd￿•$ Ltd
8 A￿ert Str
Kirkwall
Ot*ney
KWIS 1HP

FARR NORTH COMMUNITY DEVELOPMENT TRUST
CONTENTS
P•ge
Trus1¥os' report
In¢Jependent •xarninerfs report
Statemenl of financial adivities
Bal8n¢e sheèt
Notes to the financial statements
8-16

FARR NORTH COMMUNITY DEVELOPMENT TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT}
FOR THE YEAR ENDED 31 AUGUST 2025
The IFUStw pr¢sent their ￿r￿jaI report arKI finalK￿ $latemenls fol the year end•d 31 August 2025
The financial 51atements have been PTepared in a¢cordan¢È WTih the aecfjUn￿'ng pdraes sel oul In note 1 to the
finan<Jal s￿leMentS and comply wilh the trusf5 ￿ern￿andUffl and artides of association. the Charities ané Truste8
1nvestff￿nt Iscollandl Ad 2005. the Charities Aco)unts {SccI1a￿ RegulatKy)$ 2CM)6 la$ 8rnendedl and"Accounttng
and Reporting by Charit￿s. Stalem￿t of Re(¢mmended PratY￿ appficaL* to charilies preparing theiT accounts in
ac£ordanee wth the FinancAal RwbrvJ Stand*d apphcable in ts VK and Re￿￿1￿ of Ireland IFRS 1021.
(effective l January 20191.
Obj8Gtlv•• and •cllvltl
The trusfs objects are..
1. to prov*Je or advartè Ihè ￿SSibl1rtY of leCreatv￿. facility￿ andl N 1xg￿l$￿g T¢￿￿10nal ￿tl￿tieS, which
11 be available lo mernbeY6 of the tsjmmunty and Wb1￿ the objecl of imFming the CCYHlitiors ol life
ol Ihe communty..
2. Ihe advanceffenl olcitizenshp or ccrnunrfy d*ekynent. induding ftwal or uwban re9ener8ti0n",
3. lo advance the p¥ovis¢Ms for edurath¢Mal opp01tsm￿ in Ihe c4￿MUnty ￿latsn9 to enwronmont. 0jnu￿. hwitage
(V or history.. and
4 to advance envircmmental proteciw +y improvement wesw8tion, sustain8t4e devejoprnent and
conservation ol thg natural environment. the maintenance, irnprovement or provison of envifonmenlal amenities for
the community andl or the preserv81ion ol buudiros or wte$ of Arthrtedural, bislori¢ or other importance lo the
eomffiuthty.
Achievemtnts and WrfO￿an
S￿nifiC8n1 achvihes and èclsievemenls 8gainst Obj￿riveS
Farr North Commut7ity Devdopment Trust is rywned by the CThmmunty ol Fan NLVth Sutherfand. The an(Jent
Parish of Fa￿ indudes the c4Jwrent communty couml areas d 11 Melvich 21 Strathy and Amiad81e an¢J 31 Bettyliii
Slrathnaver and Altnaharra. It is an afea ol 8pproxim8lely 1Cth sq km and Is hom8 to stighly less than 1(XJO
peoplts.
The Trust was set up n 2021. to enab* tr* COMM￿lty ￿ Farr to benefft from fund5 arising from the siting of
eneryy installations. indudir*J the Community Benefft Funds anLI to exF4ore parb"81 Community ownership
opportunities. to sèojre ￿nger4erM fiJnding. This report tovers the fouth fvll year ol activity Al the AGM *} April
2025 the Chair iesigned as they were mviro knTay from Ihe a'.ea and a new Char decled al the Jun¢ Board
Meeting We continued wrf¢h fv part time slaff and In Novembof 2025 recn4lwS a part tim• project officerldriyer. lor
the Transport Ptoied refwred to a8"F9￿ GL*S".
TRANSPORT
Lack of awss to senrices and ameni1￿ is an issue in am rural commnthes. It limit5 thè ease with whith people
¢an attend medical xppointments. take part in lrfe and see fn8ntls. Lack of 8CCt5$ amplifies the Impa
of rMJVÈrty Irap8, frKting poor•r househokls lo make expensNe thores and potentsally inhibt'ling takmg up training
opportunitiès ￿ arnployment
As rÈported last year. Ihanks to The Sutherf8nd R8&hence Inrh8tNo. we ao)wred use of on car, whid)
arrived trmards thè end ￿ the aecounling period. Dunng tris repcrftirtg year we recruiled 8 Project Officer, firsuy on
8 temporary &month contract which was then e￿Ie￿Ied, lUr￿d by SSE Renewable5 The seryice Is overseen by a
Steerin9 Group of vcAunteers. Alt￿)￿ah several volunteers spjned up as dnvers. wcwknThJ 9theduks 8re such Ihai
available volttntegr5 are minimal. We have Ined different inrtiatNe$ but found that the proiecl officef is the main
drver and thèrefore wrth less bme Ihan antswaied develcpment actMtie$. Howevef due to the CWSfientKJUS
￿3￿re of the indivhlual and the support from thè Stwing Group an(J one voluntew does a lol of dnving. Iho
serwio has steadily grown EXpen0n￿ aL8o shth￿d thAt the 5Enall provided by the Sutherfand Resil*nce
Initiatsve wa$ diffiryjtt for less rnobik passeThJers. so we acquired a second Gar with funding from The Highland
Counal Comrnunity Regenerab"on Fund, the BeWIll. Slrathnaver and Aknaharra Community CouncAI and SSE
Renewables. We are cuffenlly trying io raise fvrther fijnds to put the Serv￿ on 8 Stsb￿ base and expand driver
hours.

FARR NORTH COMMUNITY DEVELOPMENT TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2025
CARE
Last year we reported on a pik)t of 10 meelws of a W(vnens Health and Wellbein9 Group. Thi8 group altracied 55
atterKlees and rnet rts cmJtco￿8 of Inueasing pariicipation. irKfeasing u)nfiderKe an¢J rnducing isolatson.
UnfortuTratdy, we were unsuccessful in acquiring further Yunding and haven't folltywed up sir￿.
We also p￿VIou￿Y rewled on su￿5$*jI[y recemng funding for Faff Eats 3. provKJing hot meals lotalty launched
in January 2025. DemaThl has sieadily reduceLI the first Farr Eais so don't pl￿ to apply lor ftjrther fundin9.
unless there is a step dwge in ¢iroJmStan￿s.
APPRENTICESHIPS
Our Apprentirxship wogramme contsnued to Supp￿ an aF￿￿l￿hip in wort￿ul1u￿e 8ftd Green KeeFing with
Thurso GOW Course.
HOUSING
We explofe(I the use or ffte Bettyhin Church and Manse for h￿sing opp)rtunil*s t*Jt conduded that thè age and
structure of the buildings made them unsuttstde A ￿$1￿9 needs SLThey was undertaken with the final report being
published 8t the end 012025. prwdirwJ 8 basis lor lubj￿ vth.
STRATEGY
Strategy sessions were held in 2025. faril#Xted. m part. by Devdopment Twst AssorAatirHt S(x)tlanrl and attended
by some mernbèrs of the Board and associated Community Counrils. Subsequent Board discussions Identified a
need lo be more ￿MMunrtY led and impTofftg (Njr recu¢ on delNenng tangible projects. Post this reporting penod
we have pursued Impro¥fftg In très• areas.
MAXIMISE THE 8ENEFITS ACCRUING FROM LOCAL hMND FARM DEVELOPMENTS
Community Shared OvMefSh￿ ol renewable energy Installab.(￿$. 1$ a kng-standing aspiration of the Scthbsh
Govemmenl. For the comrnunty. il wwid provide loTrJ term lun¢Jing bul 89reements are legalty and financially
much MO￿ cAJmplex than the Trust and Community have evef d8alt with For wind in Scotland Ihere are no
Èxatnples lo date wh￿ebY a COmm￿nity has purchased part of a developer in$tallation. Eden Ten￿a￿es, wh
are developtng the Bellyhill proJ8Ct we keen lo In¥0￿e the Community and recognise Ihe challenges iftvolved and
we continue to w￿k ￿th them on what 8 finanool legal nThyJel Thvjhl look h.ke
SSE renewa￿￿ have decided to change their awoach for Ihe Strthy South prw. sitKe Ihe tirning lor
community partiopalH)n i8 irthnsister*l wilh thoir Thestmenl bme tables. TcrAar#s lh¢ end ol Ihra reporting year we
We￿ close to agreeiTTrg on 8 sub51itule agreement to provide £3[￿k lor 5 years %wlh a loThJer-lerm plan to explofe
ftjture part trwnership. We eonsequently dKI &gn an agreement at the end of Oclober 2025
POST August 2025
SI￿rtlY after the end 9f this reporting peritid. we have been through a thallenging penod as the Trust devdoped into
the next level of gTowM. This is necessary as Community Benefrt fun*Js are inc¥easin9 v￿ have Strengthened our
nancial management ￿sOUrCe by Lrtili*ng a professirmally qualffjed finanttal nwiager on a contracted hours ba*s.
We are expbnng how to improve our attenbon to rekvant governance matters. usiTrg advi￿ fro¥n Voluntary Groups
Scolland. We are working dosdy wth Ihe three CL¥nmunity Counols ￿ a deveknpment p￿n, that we antirypate will
identity tangible projects for the Trus1 to lake ￿. ￿ 3150 need to continue to fund r8ise and ensure slable
ernployment opportunities for staff.
Flnanclal ￿¥09￿
In¢om*ng resLwrces in Ihe period totaled £164.851. Resour￿$ expen(1od in the period totalled £111.482.
The chaTrtYs funds at Ihe balantx dale lotaled £148.870 of £130,412 was hekl festricted purp)ses,
as fvrther set oul in the tK)tes lo the fin￿031 statements

FARR NORTH COMMUNITY DEVELOPMENT TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Restrryes pollcy
Th• trust ts committed lo maintaintng 8 thel of reseNes Ihal 1$ prudent to meet rts On90in9 Ik4bilrties and lo prol•Ct
Ihe long-lem futu￿ ol its adl¥it￿9 8nd Dssets. The trusvs reseFves polKy seek5 to balance these PrigTib"¥5 by
hdding o level of reserves suffitjent to ensurt Ihe aVaIL￿lIrtY of suifvient funds in h•nd. The tfU$t is
commrtted to Secwing inueased lundir4J for 0per4ti¢)n￿ adMt*s.
Slructur•. govemanc• •nd m¥n￿*￿+nt
The trust 1$ a company limrted by guarantee goVer￿d by ts ￿em￿r￿m ArlKles of As80oabc￿. It is
rtrgi5te￿ as a thaiity vAth thè Office of the Sc3Jlts"sh Chwthes Regulator.
Fary North is an ambrtious organisaticm wth that ambition ￿￿e$ 8 requirement to manage th• ￿gani$￿.0n
propety, m line with bèst practic* wth rnaxinvjm ae£c1Jntab￿ty and transp8renry We are delvJhted lo hav*
5￿CessfUllY updated our Artths ofAssociation to bring us into line with the latest gU￿anCe rdaling to Communty
Righl to Buy legisL8tion took the opp￿Unty to change ow ¥tides to enaL4e communty ¢ounals to apwnt
Directors to our Board In this way hope lo Lwaden fv demw* 0)ntr￿ of our 81thity 8nd unrfy main
drivers ofcammunty Devd¢)yrent 8ryoss Fwr.
The trustees. who are •Lso the diredors for the purr￿se of corrw LAW, 4wvJ vkno Se￿ed dlmg the year oThJ w) to
the dat? 01 $gn8Iu￿ ofthe ￿an0a1 5taiements werè..
H 818ck
K Ct11i
C Easthcpe
P Fitto
A Hardw￿
A Herfvrt
K King
S Matthews
C Simps
IApw"nted 4 September 2024 and resign8d 23 June 20251
(Apw"nt6d 12 t)etsmter 20241
IR¥&gneé 11 Jlme 2025}
{AppOin1￿ 11 ￿ne 2025)
(Resigned 21 Auwst 20251
R•eruitmenl #nd appc¥nlrnent of trnsl8es
At our fifth AGM to be held in Jufte 202e. tt￿e is a requir•mpni for 1r3 of tyjr eke(1￿ Dir•c*ors to slep d(hffj,
8hhough Ihey will be digible for re-eleciion. ￿ cumtty h8¥e SIX L)r8dots. I￿￿dIng FIVE e￿C￿ed directors. The
constrtution provides lor up to NINE e*ded dir¢dors. and a fiKther ￿ed L¥ 8Fwinted diredors up lo
maxirnum ofTWELVE Direct¢ys in tot￿.
To be effec*ve the Trusl rneed5 representatitift from all seclrx5 d tyJr commwxty and we like lo see a more
dNerse 8oard membership. Wlh bJnds renewatle energy insl8mats.ons beng incAèasingW availat4e rt is
Incumb￿¢ upon the Board ol Tfu&ees to nvest Ihese wisdy and deliver vdued benef1ts to the c0mrnunit￿s, both
for shorl. medium and loThJ•r temi. It Is an iMp￿tsnt and thalknging rde. If memt*rs kn￿ of sorneone who thLtld
us in thi$ plea8e ent￿lage tham 10 contscl 8 rnefflb￿ of the Board and find wt mcY¢.
On 8 final note. as of ￿ April 2028. aller o¥er 5 years w￿king as Trust m8na9er SThon Lee 18 le9￿n9 Farr Norlh
coMm￿nty Dtvtrlopment TnJst. SIM￿ ovefw ￿ c*eabon ol the Trust and gui¢Yed it thrsJJgh rts *arfy years.
Having lust secyr•d 8 arrangement wilh SSE Renvwabks bolh &mon 8nd the Board leel that th• lim8 is
right for him to step A$￿e as the Trust ￿r$ a new phase *ilh Ihe feswrces to m8ke 8 dffleren￿ in trjr
eommunitie¥.
Owanis8tithry81
The board of￿￿e￿Or8 aLknini5tern the thaiity. The ttsrd meels requ￿1￿ io disojss tht var*rfn Fwclects.
None ol th• directors has any ￿8￿fiCIal interest in the company. All of the dirèctots are membèrs d th8 ¢>JllP8fly
#nd agree to ¢￿tribUte £1 in the event ol a Tmndiryd UP.

FARR NORTH COMMUNITY DEVELOPMENT TRUST
TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
The trustees, r•port was approved by thè Boor¢ ofTrustees.
S Uatthe
Truste•
Datè..

FARR NORTH COMMUNITY DEVELOPMENT TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FARR NORTH COMMUNITY DEVELOPMENf TRUST
I on Ihe f#ianu* $18temenls of the tN81 for thè year •nd•d 31 Augu6t 2025. whKth ￿ sét out on p￿$ 8
to16
Re8pectlv• rn•pon•ibllltl•• of tr￿te￿ •nd •xafflln
The trust's trustees, who are ￿$0 the threct(n of Norlh Comrnunity Devewmenl Trust lor Iha w4)oses of
C4ynpany law, arts re4)onyble for Ihe pr8w8bon of Ihe fmancial 6taternents ￿ atrord8nce b*th the twms of the
Charities and Tiuslee Inve*mtrnts (Scotlandl 2(X)5 and Ihe Charth88 AccMts ISc¥)U8ndl Regula￿nS 2W.
The trustees consider that the audit requirnmeni ol Regulat￿ 10(1Mal to 1¢) of th• 2CQ6 ACc￿nIS RegLJlatsons
does not ap￿y. It 15 my reSrx)n￿bII[ty to •X¥m￿e the finawal 51atements as requi￿ tmder 4411IIGI of
the Acl and lo stale whether partic￿lar mattw5 hav• to my attents"c￿.
8881* of Ind•pgnd•nt ?x#mlnef• •tatemwrt
My exaryNnatk)n is carried oui in acco￿ar¢￿ wilh Regulation 11 ofth• charl￿Ac¢A￿ntS (SCr￿￿KIl ReguLqtson8
20(6. An ?xamination indudes a revi￿ of lh• *ttounb"ng rec4yOs kept by Ihe d￿rity #nd A e4ynparison ol t
nantsal statements presented Ihose records. It also IneJudè$ ts)nsKJerats"cn ol any unusual rtems or
dlsdosu￿3 in the finaneial 5talements. and seeking expLan*ions Irom the twslees o)ncerrMnq Any SLK* Matters.
Thè w¢)ced4Jres undert8ken do not provide all the a¥*Jene¢ th•t wtyjld t* f•4u¥ad in ￿ audrt and Djnsequentty I
do nol express an audit cylntm ￿ the view gNen by the financ481 st8t•mwrts.
lThJ•pendent •y•minerf• •t*t•mMt
lrt o)nneclion w5th my examinabon. matts has eonw to my arteniion..
lal whth gives me rea￿ab￿ eause to bdieve ihal in matena rèspe# th• requirement•'.
to keep ac￿unting recsNds m accudm 44111 lal ol the 2￿5 Ac* and P¢gulabon 4
the 21X6Ats)wnt8 R•gulatIry￿." and
(#) to wepare financial statements xt4x¢I with the •CcoU￿￿9 rttryds and wlth Reguktlon
8 oftrtw A￿￿t3 Re9￿￿￿On6'.
inm
opinion. att¢nti￿ shtyjld be dra4Nn n (¥der to • prtsw under￿￿￿￿n9 of Ihe
0818tale
to be read*d.
have
Ibl to
l¥
Hou#tyi
artered
nlanl
t Examiner
8 Albert SITeel
Kithal
Orkney
KW15 1HP
Dated".

FARR NORTH COMMUNITY DEVELOPMENT TRUST
STATEMENT OF FINANCIAL ACTivrriES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
Ur￿trICt•d R••trict•d
funds
hEnd*
2025
2025
Totsl Unr••trlci•d Re>trlcted
fiJE￿•
fund•
2024
2024
Totsl
2025
2024
Donation5 and
egaoes
chari¢￿1e acti￿treS
1.743
5.180
157,928
159,871
5,180
97
1.814
62.882
62.979
1,814
Tot•1 Income
6.923
157.¥I8
164.851
82.882
84.793
Charitabk actmtios
449
111,033
111.482
7YJ
42,4C#)
43.139
N¥t In¢omlng mourc••
before tr*n•f•v•
6.474
46,895 53.389
1.172
20.482
21.854
Gros$ transfers
befvrfeen funds
1203)
Net Incom• for th• yearl
Net movement in lund•
6,271
47.($8
1.172
20,482
21.854
Fund balances at 1
September 2024
12.187
83,314
95.501
11.015
62,832
73.847
Fund balan¢M at 31
Augu•t 2023
18,458
130.412
148.870
12.187
83.314
95.501
The st8t¢ment of financaal a￿l¥It*S iThJudes ¥1 8Th1 losw recogni￿ in the year AU ¥MxJme and eX￿ndItur￿
erive from continun9 8dsvrtpe5.
The statement of fnandal a¢*vth'e$ 4s0 (%¥Wl8s wth the r•twirém*ts kjr an inL>)me and expenditure wxounl
under the c￿pani•S Act 2CKfi.

FARR NORTH COMMUNITY DEVELOPMENT TRUST
BALANCE SHEET
AS AT31 AUGUST2025
2025
2024
Nots•
F4x•d a•8•¢J
Tangibk assets
10
449
Curr•nt aM•ts
Dtbtors
Cash at bank and in hand
11
37.961
61.715
154.29J
155,250
99.676
Cr•dltorn.' amounts hlllng due wlthln
one y￿r
12
14,6241
Nèt eurr•nt a•••t•
148.870
95.052
ToL•l a••el¥ l•M curr•rt Il•bllitlg•
148.870
95,9)1
The l￿d¥ ofth• trust
Restrk#ed incoma funds
un￿311￿d fiJnds
13
1S
130,412
18,458
83,314
12,187
148,870
95,501
The 0)m￿Y i8 •ntIt￿d to the exgmption Ir￿ tl* in secith 477 of the C￿npen￿SAcI
2CXA, f￿ the year ended 31 Augusl 2025.
The trust8ès ackncthedge thew fesponsitslities ensuring thal the tharty keeps a¢)Iwrfing rec4)Tds comply
seclion 386 of th• Ad and for preparing acrounts whith gve a Inje lair vith¥ of the *t8te ol affalrs of the
company as at the end ol th• finanaal ye•r of its If￿Orning resource5 apvution of resowces, induding rt6
ncom8 and eXF4nditure. ts th? finanaal year in accordancé V*Tth fequirements of s•GtM)ns 394 aTrJ 395 an
vthkh otherwise with the requlr•man18 cl tho Cuy¥es 2CTh r•latry to •cayJrts, 80 fw as ¥pli(*•
to the company.
The members h8ve not requir•d th• C￿PanY to C￿ ol ts fir￿(￿01 sts1•n￿ lor the year In q￿s110n
acaxrdanc¢ *yih 5ecbon 476.
These fina￿1￿ $tst8mtnts ha¥e l)wn prtpar•d in xoydance wilh the 0Fvli￿￿ to eonwanie8 subJ•cl
to thé Sm￿1 eoThwie$ wiTh.
The finarKkl statements were approved by th• In￿lee8 on . .... .....
S Mathews
TnJ$te•

FARR NORTH COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Ac¢ourftlng pdlcl•s
Charfty Inf0rn7atlon
Farr North Community Develop*￿ Trust a ￿l¥at0 Com￿nY limlteé by guarnntee KKtirporated ￿ Scoyand.
The registe￿ off*x 18 NaverTt1È8éMe* C￿tre, Bettyhil. Thrso. KW14 7SS.
1.1 Basls of proparatI￿7
The financial ststwnenls have been prèpared ITr acrnrdarv ¥￿th the tfusvs artides of assotyation, the
chariti￿ and Trustee InYestm&rt {ScoUa￿ Act 2￿5, thè Chamies Ae(y)unts ISeotl8ndl Regulations 2006
las amended). FRS 102 'Thè Finanoal ReFth"ng Sl8ndard In the UK and Republic of I￿land.
I"FRS 102"18r*J thè Char¥lies SORP "Accwntsrg ané Reporting by Charibes" Statem•nt of Recornmended
Practice 8pplic4ble to charities weparin9 Ihelr aetounts in accordm with the Financaal ReFK)rting Starhjard
zpplicable In the UK arnl Republ￿ of IrdarKI IFRS 1021" (effective 1 JaThu￿ 20191. The trust 15 a Public
8enefil Entty as défineé by FRS 102.
The twst has taken advantsge of the in SORP fLY thanbes t￿1 to prepare a Slaternen¢ ol Cash
Flow5.
The financial s¢a¢wrents are wepared In sterfing. which is the fiJKiitinal omney of th• Irusl. Monetary
8rn0unls in Ihese financaal slatemerts are rthjnded to Ihe nearest £.
The financi81 stalements have bw prepared under the hi¥1￿￿81 cost LY)nvenb"on. The prinapal aCc￿n￿.￿j
policae$ adopted are sd oul bel￿.
1.2 Golng con¢•rn
At the timo of approving the financial staternents. the trustees have a rgasrm*e expectaticffj that the trusl
has odequate restyjrces to cthiftue in operatiorlal existenu for the I￿eSeeable fitsture. Thjs the Irustees
continue to adopt the gO￿g concem bass of acCO￿￿rg in preparry the finantsd statements.
1.3 Charft•bl• fund•
Unrestr￿ted funds we av•lable ky usè at the di8c¥ebon ol Ihe trustees in ftwther￿Cg ol they dwrit8Ne
obJ'Ktsves.
Désignated hjnds ¢omprise furtds whKh have been set a&de al Ihe dISc￿t￿n of Ihe trustee5 f(x speofic
purposès. Th• Pufposes and uses ol thè deggnated fvnd$ art set In the nottss to finanoal statemerts.
Restrcted ftjnds are subject to speclfic ￿￿ditionS by dorm or granlots #s to Ihtry may be used. The
purposes use$ ol the iestrKled ftmds a￿ Set tyjt in the notes to the fffiancial stalwents.
1.4 Incom•
Income 1$ recogni5ed when the rwst is Wy e￿Iffjed to it after •ny perf0rrnar￿ ￿￿1￿￿10n8 have b•aTh met,
Ihe amount5 can be measured rek'ably, arKI rt is w(thble inwne will be received.
Donath"ons. legwes and other foims ol vc4untary income are recKgnised as Ir￿￿1￿j resources in the
Slaternent of Finanwl Artivil*S ISOFAI *l)en recei¥*4¢. ￿t￿pt insofar as they are incapable Df financt81
rne88urement. The value of 8eNtts pro¥Kled by volunteern has not been induded in these account8.
Grants. incluthng gfants ￿ the wrchase of fixed 8ssets. are recwniwl in full in Ihe SOFA in the year in
whth Ih8y are receiVat￿P. GTrnts r818tsng io fuiure periods arg (lelerTed.

FARR NORTH COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Accoundng pollel•8
(cont1n￿dI
1.S Expenditwè
ExpenditLJf? ¥8 induded resour￿ on an 4Ca7uas b•8is. indusiv¢ ol any VAT ￿1¢* can￿t be
recovwed.
Costs of genérating fvnds o)rwse th• tsjsts assocaated wlh attrxtsng volunt•ry income and the of
lundrai%ng events.
Chtr%tsble expenditwti compris•s tlw costs in th• d8tNery ofthe thwitys acti￿118$ ￿ servKes for
rts beneficiariÈs It indudes both costs Ihat Gon be anocated direth to suth and those ￿$ts of an
indired naivre nKessary ￿ Supp￿1 them.
quiremenls ofthe thanty.
1.6 T¥nglble Ilxed •••¢ts
Tangit4e fixed assets are initialty measured a¢ $tsbsew*i mtsaswed at gJ8t or vahJati￿, net of
depr8e￿an and ary impaimxnt losses.
Depwa¢KJn 1$ Tecognised so as to write ¢)ff cosl cff of assets less their residuat values ovw their
useful h"¥es on the lc41oy￿nQ bases..
Computer EquisTh*
25% line basis
The gain or k)s• ari*ng on the th'sF4J8¥ 018n a&￿ is d•termir*d 8$ the drffererth bew lh• sal8
and th* c*rying Value of th8 assel. antl 1$ recoBni8éd in the st8temeJrt of actNIts"es.
1.7 Impalrm*nt of tlx•d a¥wi•
At each reporting end dale. t￿ trust th? #Mo￿lS of its ￿n￿l* 8$8ets to dettrnine whelher
there is any Indicabcm that Ihose a88el8 have wffered en impairment loss. 118ny 8uth indicthn exi51s. the
re￿¥￿a￿le amount of the asw is esbmaled ￿ order to determine the extent of Ihe smpaMeni k)ss (rf any).
1.8 ¢a8h Al￿ c••h equlv•lent•
Cash 8nd cash eqvNaKents indudg ca8h In hand, Oepxits held at call wth banki. st￿.te￿n IN4wd
investments wrth origo)al matunties of three mLM)ths or and bank ob*rfrafts. 8ank ov•rdr•ft8 art sl#)wn
wthin t¢)tywngs in Current lialytthes.
1.9 FIna￿l¥l in•truments
The tTUSt has elected to appty the prwsiorra of 11 '8a$e Finnaal Instruments. and Section 12'0th•r
Finar￿1 Instrumants188u•$' ol FRS 102 to 01 of finana81 in8twiii￿t$.
Finanoal instrumtnts a￿ rtcogniseo in the trusfs b￿an￿ shW Vknen Ihe tru>t b*￿•S party to the
ci•nlraclual prO￿S1On$ of the instrumwil.
Fnancial assets and h"abthitie3 ?r¢ offset, vmh thè net ￿Ounts wesented in the statwnent8, %
there is a ￿g#SIY enlorrxable right to sei t)fi the recogrised amunts 8TrJ Iher• is an wrtenllcffi to Se￿ on a net
basts cf to realists the as8et arml settkn the ligbthty wiu#aneoug1y.
8•slc fin•n¢lal 4ss•t5
Bastc fIna￿la1 assets. ￿dtsde d#Llcn and ￿•h bwlt below, are Nthlly mea$wed at
Iransaction pncg Thjuding tran8#th¢￿ costs 8Th1 are subsequenty carr*d at ￿Orbs￿d ujst.

FARR NORTH COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
A¢¢ountlng pollel
IContInu￿)
8osl¢ Iln•ncl•l Il•blllti•s
Basic finanual liabilrttes. indudiryd Credit￿ bar* loans are initialty rewnwl at tranwtion price unless
thè arrangement o)nsb'tules a finanang transaction. Ihe dèbt instrument is meaSU￿d al the pr￿￿t
value ol th• fubjre payments discwnled at 8 market rale of inte￿$t. Financ4al Ik?blit￿$ ¢la8srf*ed as paYa￿e
thin one ye¥ are not arrKsrtised.
Debt inBtrumntJ We subse(p• carried at aft￿lsed co6( usr¥J the effectw wrterest rate method.
Trade creditors ar? obligabons to pay for g1x￿5 ￿ Se￿￿e8 that have been acqui￿d in the ordtnary r￿u(Se of
operation5 from suppliers. Amoun1¥ payable are daS￿fied a$ ojffent IIAbilrties rf payrnent is due wlhin cne
year or less. If nol, they are presented as nOn-￿rrent knat¥"lth"es. Trade ￿e￿rtOrs a￿ recwnised initialy at
transaL*Ion F￿ce and subsew• ffleasur•d at w)0￿8ed cost uwng Ih? offaL*￿ inierost mèthod.
D•￿¢09n1¢1Qn olllrnnclal Il•bllltl
Finanoal Ikqbdrt* are ¢Jere(4rrised ¥then ￿ trurfs Contra￿ c*4¥JatK)ns expwe cy •r• disth8rged or
e4ncelled
1.10 Employ￿
The o)st of any unused hdiday enlthment ffj recrylsed in the period in whith the ￿p10Yee'S s¢r¥ices are
re￿Ned.
Terninatiors beneffts are recognised In￿ediate￿ as an exF*nsè *fien the lrnst is demon8trabty cornmitted to
tèmiinale the employment of an omployee orto prwde tminai¥)n benefils.
Crltlc•l •ccountSNJ estlmate• and Judymènts
In the applic8tion of Ihe trusfs account￿ policies. the tru81ee8 8re reqtmred to make judutments. e$tim8te$
and assumptions about the carrytng arnoufti ol awts and bab"ith'es thai a￿ not ￿3￿llY appa￿nI frDrn Other
Sour￿$. The e8timgtes and assoc4ated a$S￿ptIOnS are based on his1￿¢81 experie￿ and other ladors Ihat
are cOnS￿ered to b8 relevant. Actual results may thffer frorn Ihesè estirnale$.
The ests"male$ and und&1￿￿3 assumtrti¢Yb3 are reviewed cffj an ongt*w basis. Revi¥1￿$ to accounting
estimates are reco3nised in the pen.od In which the estimate is ￿¥tsed vknere the ￿¥¢9100 afferAs only that
pénod. or in the w.od of Ihe rewsw and frJtur¢ peiiod• where the revision allects both oJrTent and ILrture
periods.
10-

Ill Iiiiiliil'l
IU•X LU¥TLLU

FARR NORTH COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Incom• from ch•rlt•ble *cti¥ltJe•
Unrutrict•d Unmtrfctod
fund•
lund•
2025
2024
cha￿￿bI* a¢Uvlll••
Meal ¢JelNeries
Other Income frcm ch¥rtth adivibes
3,485
1,695
1,814
5.180
1.814
Expendlture on ¢harii•bl• activld
Charitsbl•
•cflvMles
202S
Ch•rltable
*ctlvltie#
2024
Oirnet CO8ts
Depreoation and ￿Palm)ent
Other overheads
449
111.033
739
42.400
111.482
43.139
An•ly•i* by fvnd
Uniestricted fund$
R¢slriLaed fvnds
449
111,033
739
42,4
111.462
43,139
Net mov•mont In fund•
202S
2024
The net move￿nI in lunds ￿ stated after tharyiWluedth"ngl'.
Fees payable fof the ￿de￿d￿l ex8mmbw ofthe tharitls fThngal
sta¢ements
Dtrprecaation of uwned tangiblé fixed assets
2,148
739
449
Tru•te
NonÈ tsf the trustees {or any wilh Ihem) recevrnl any remunwalion or b¢nefits frorn the
trusi during the ye&r
12-

FARR NORTH COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2025
Employ•e•
The averag¢ n￿be1 olwploye88 dwirg Ihe yearwas:
2025
Numb•r
2024
Numb•r
Tot81
There wwe no ernkkny￿ knthose retr￿￿￿l￿ was ff￿re than £eo.wi.
Tix•¥on
The chatty 1$ exerw from tsxati(yi on rts AdriitE8 be￿Ule 011 rt¥ inC•Jme ts ap￿led for c*arit8ble purposes.
10 Tanglbl• Ilx•d *wt•
4￿￿1•￿
¢￿t
At I Septemtjer 2024
2,956
Al 31 Auguat 2025
2,956
Doprn¢l•tlon •nd I￿￿1rmont
At 1 Septernbv 2024
Dgpreuation charged In the y
2,507
449
Al 31 Augu* 202S
Carrying amount
At 37 August 2024
449
11 D•btor•
2025
3024
Amounts f•lllng *thln +)n• y••r.
or debtors
Prepayments and ac(•Jed incc*ne
37,961
37.961
Chh•r dèb1￿8 indud¢ grarts recembts Wlng £NÈl12024.' £37.961).
12 Cr•ditor•: •mourts falllng ¥thlthln one y￿r
2025
2024
Acc•Jals and dtsferred inco
4,624
13-

Q4 (* *
ttitr*¢4 *
OJ
¢3> fo
sE>è&c
(num

FARR NORTH COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
14 An*ly•l8 of net aM•t• b•tw••n fix
Unre•trfct•d R•*trtet•d
fund•
fvndj
2025
2025
Total
2025
At 31 AUg￿t 2025:
Cu￿ent asset￿(118￿1￿I*$)
18.458
130.412
148.870
18.458
1x1,412
148,870
Unmtrlthd R•stricted
fund•
funds
2024
2024
Total
2024
At 31 Augu•t 2024:
Tangib￿ assets
Current assetTJltiatilibesl
449
11.738
449
95,052
$3,314
12.187
83,314
9S,501
15 Unrn•tr5et•d lun
The tmrèstrided lund$ of the dianty comprise the ￿rexF￿ded balanL*5 old0na￿ns and graThts a
not subj'ecl to $pettfie condrticns by doncrfs grant0￿ as lo how they may be used. These irK4ude
designated lunds thich hav• been set aside o(rt of uffeStrK￿ fvrNJs by Ihe tnJstees lor SFJecifi¢ purpose8.
Incomlw R•WUr￿*
ourc••
•xp•nd•d
Trnn8f•r• At 31 Aug￿1
2025
S•pt•mb•r
2024
General knds
12,187
6.923
14491
12031
18.458
12,187
6.923
14491
12031
18,458
Pr•¥bous y•ar.
Atl
Incomlng R￿0￿￿01
Trnn•f•r• At 31 Augu¥t
2024
2023
G￿erMI fiJnds
11.015
1.911
17391
12,187
16 Rothtod p•rty tramacito
There were no dis(*)saY¢ reloied paty transaebon$ durlng Ihe year.
16-