2025-06-30-accounts - Invercairn Community Improvement Group [SCIO]

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Invercairn Community Improvement Group AGM, 10[th] September 2025 at 7:00pm in Cairnbulg Library.

AGM Minutes

1. Welcome and Apologies.

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The chair welcomed all to the meeting and thanked all for the hard work carried out in the past year.
Approval of previous minutes and matters arising.

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Minutes of last AGM, 03[rd] June 2024 approved by
Chairs Annual Report
There have been no significant changes to the charity structure or membership since the last report. Finances remain stable and have improved in the last 12 months.
Work continues with our cycle path project. We have a signed agreement with Aberdeenshire Council in place to use the part of the old rail line that they own, from the Waters of Philorth to Fraserburgh, and to convert it into a cycle path.
The remainder of the path, from the Waters of Philorth to the Cairnbulg library, is split between two other landowners. One landowner requires us to purchase a portion of their land, and we are looking into how we could achieve this. The main issue is securing the funding to purchase this land.
The middle section of the path route now lies in a portion of land that has been earmarked for a new golf course. We are in constant communication with the project team behind this new course and they are very willing to work with us to ensure that the cycle path route is beneficial to both their project and ours.
We have a bridge design ready to cross the Waters of Philorth using the old rail bridge pillars and abutments, this has been designed to all the proper standards and in consultation with Aberdeenshire Council engineers. As the bridge pillars and abutments are split ownership between Aberdeenshire Council and one of the other landowners, we can’t place a bridge until we have signed permission from that other landowner to use the pillars/ abutments owned by them.
Planning has been approved for a majority of the path route; this is subject to further revisions to the path design that will allow for suitable drainage of rain water away from any residential areas along the path route.
We secured £50,000 in funding from the renewable energies company Ocean Winds. This has been utilized as match funding for a funding application to the Active Travel Infrastructure Fund. No decision is yet forthcoming from the fund. If there is no funding reward, then we will use the £50,000 to start work on phase 1 of the project.
Challenges continue regarding the two remaining landowners, due to this we have decided to split the path into three phases. Phase 1 being the section of the route from

Invercairn Community Improvement Group AGM,

10[th] September 2025 at 7:00pm in Cairnbulg Library.

Fraserburgh to the Waters of Philorth. Any funding and planning is being focused on this section for the time being. Talks continue with the team behind the planned new golf course and the option of purchasing the required land from one of the landowners is being investigated.

We have options in mind should things fail to move along in this regard, but we still hope to get all those involved onboard. We still have the support of Aberdeenshire Council, the local councillors and our MP/ MSP and we’re determined that this project will go ahead.
It’s important to stress that every penny donated to this project so far has either been used towards the path project already or is still held in the project bank account for future exclusive use in the project.
Treasurer’s Annual Report and Annual Accounts
ICIG Project Account balance- £62,980.60 See accounts below for more information.
New savings account opened to contain the £50,000 funding award.

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  - All proposed office bearers accepted the nominations and the positions.

  - Trustees will remain as previous.

Review and Agreement of Constitution (if required)
No issues or concerns raised.
Time and place of ordinary meetings for the next 12 months-

Unless changed, meetings will be held at 7pm in the evening. Venue is to be decided. Dates to be decided.

8. Next AGM to be held in June 2026.

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Invercairn Community Improvement Group AGM, 10"th September 2025 at 7:00pm. .in Cairnbulg. Library..

INVERCAIRN COMMUNITY COUNCIL

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INCOME AND EXPENDITURE
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PROJECT ACCOUNT
For the Year 2024-2025
BALANCE BROUGHT FORWARD 1/5/2024 12984.85
Money from Moray Windfarm 50000 00
TOTAL INCOME 62984.85
EXPENDITURE
Charge from Bank of Scotiand x 1 month 4.25
Transferred Moray Windfarm to Savings Account 50000.00
TOTAL EXPENDITURE 50004.25
BALANCE AS AT 1 MAY 2025 12980.60
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INVERCAIRN COMMUNITY COUNCIL
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INCOME AND EXPENDITURE
PROJECT ACCOUNT- SAVINGS ACCOUNT
For the Year 2024-2025 f SUOWS = Cc” one
ee es TPCT S
Balance from Project Account- £50,000.00 =Le DCN TD cs Se TT
Fg. Fasc LET Es nae Se
BALANCE AS AT 1 MAY 2025-£50,000.00 Be Goorv /QIDES
= (Ss /A2S
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INVERCAIRN COMMUNITY COUNCIL

INCOME AND EXPENDITURE

PROJECT ACCOUNT

For the Year 2024-2025 BALANCE BROUGHT FORWARD 1/5/2024 12984.85 Money from Moray Windfarm 50000.00 TOTAL INCOME 62984.85

EXPENDITURE

Charge from Bank of Scotland x 1 month 4.25 Transferred Moray Windfarm to Savings Account 50000.00

TOTAL EXPENDITURE §0004.25

BALANCE AS AT 1 MAY 2025 12980.60

INVERCAIRN COMMUNITY COUNCIL

INCOME AND EXPENDITURE

ForPROJECT the Year 2024-2025ACCOUNTSAVINGS ACCOUNT Balance from Project Account- £50,000.00 BALANCE AS AT 1 MAY 2025- £50,000.00