IRIS Accounts Productionv24.3.0.553OtherCompany accountsTruefalsePounds1.4.2331.3.2431.3.24FYFRS 102Independent examinerSmall companies regime for accountsFullCharities SORPtruetruetruetruefalsetruefalsetrue iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4727222023-03-31SC4727222024-03-31SC4727222023-04-012024-03-31SC4727222022-03-31SC4727222022-04-012023-03-31SC4727222023-03-31SC472722ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-31SC472722ns15:PoundSterling2023-04-012024-03-31SC472722ns11:FRS1022023-04-012024-03-31SC472722ns11:IndependentExaminationCharity2023-04-012024-03-31SC472722ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC472722ns11:FullAccounts2023-04-012024-03-31SC472722ns11:CharitiesSORP2023-04-012024-03-31SC472722ns16:EnglandWales2023-04-012024-03-31SC472722ns11:RegisteredOffice2023-04-012024-03-31SC472722ns0:Trustee32023-04-012024-03-31SC472722ns0:Trustee42023-04-012024-03-31SC472722ns0:Trustee12023-04-012024-03-31SC472722ns0:Trustee52023-04-012024-03-31SC472722ns0:Trustee22023-04-012024-03-31SC472722ns0:Trustee62023-04-012024-03-31SC472722ns0:Trustee72023-04-012024-03-31SC472722ns0:Trustee82023-04-012024-03-31SC472722ns0:Trustee92023-04-012024-03-31SC472722ns0:Trustee102023-04-012024-03-31SC472722ns11:CompanySecretary12023-04-012024-03-31SC472722ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC472722ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC472722ns0:Activity82023-04-012024-03-31SC472722ns0:TotalUnrestrictedFundsns0:Activity82023-04-012024-03-31SC472722ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC472722ns0:Activity82022-04-012023-03-31SC472722ns0:Activity92023-04-012024-03-31SC472722ns0:TotalUnrestrictedFundsns0:Activity92023-04-012024-03-31SC472722ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC472722ns0:Activity92022-04-012023-03-31SC472722ns0:TotalUnrestrictedFunds2023-03-31SC472722ns0:TotalRestrictedIncomeFunds2023-03-31SC472722ns0:TotalUnrestrictedFunds2024-03-31SC472722ns0:TotalRestrictedIncomeFunds2024-03-31SC472722ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-31SC472722ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-03-31SC472722ns10:WithinOneYear2024-03-31SC472722ns10:WithinOneYear2023-03-31SC47272212023-04-012024-03-31SC472722ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-04-012024-03-31SC47272222023-04-012024-03-31SC47272212023-04-012024-03-31SC47272212022-04-012023-03-31SC472722ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC472722ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC472722ns0:TotalUnrestrictedFundsns0:Activity82022-04-012023-03-31SC472722ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC472722ns0:TotalUnrestrictedFundsns0:Activity92022-04-012023-03-31SC472722ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC472722ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-03-31SC472722ns10:PlantMachinery2023-03-31SC472722ns10:PlantMachinery2023-04-012024-03-31SC472722ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-03-31SC472722ns10:PlantMachinery2024-03-31SC472722ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-03-31SC472722ns10:PlantMachinery2023-03-31

REGISTERED COMPANY NUMBER: SC472722 (Scotland)

REGISTERED CHARITY NUMBER: SC44779















Report of the Trustees and

Financial Statements for the Year Ended 31 March 2024

for


CARLOWAY ESTATE TRUST (URRAS OIGHREACHD
CHARLABHAIGH)


CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)







Contents of the Financial Statements

for the Year Ended 31 March 2024






Page




Report of the Trustees  

1


to


4



Independent Examiner's Report  

5




Statement of Financial Activities  

6




Balance Sheet  

7


to


8



Notes to the Financial Statements  

9


to


19


CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH) (REGISTERED NUMBER: SC472722)


Report of the Trustees

for the Year Ended 31 March 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).


OBJECTIVES AND ACTIVITIES

Objectives and aims

The Company has been formed to benefit the community of Carloway Estate Trust (Urras Oighreachd Charlabhaigh) as defined by the postcode units:

HS2 9EF
HS2 9ED
HS2 9EA
HS2 9DY
HS2 9DX
HS2 9DZ
HS2 9DW
HS2 9AZ
HS2 9AA
HS2 9AY
HS2 9AW
HS2 9AU

with the purposes listed below, to be exercised following the principles of sustainable development (where sustainable development means development which meets the needs of the present without compromising the ability of future generations to meet their own needs)' namely:

To advance community development and advance the regeneration of the postcode areas outlined above through the management of community lands and associated assets for the benefit of the community and the public in general.

To advance environmental protection or improvement including preservation, sustainable development and conservation of the natural environment, the maintenance, improvement or provision of environmental amenities for the Community and/or the preservation of buildings or sites of architectural, historic or other importance to the Community.


CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH) (REGISTERED NUMBER: SC472722)


Report of the Trustees

for the Year Ended 31 March 2024



OBJECTIVES AND ACTIVITIES

Significant activities

Urras Oighreachd Chàrlabhaigh has continued to move forward in the past year. We are settled into our office in Carloway Community Centre and continues to have an open-door policy and welcomes members and residents during office hours.

Tourism: The Bonnet Laird Walk route, between Callanish and Carloway, is now in regular use with the necessary infrastructure in place including way markers, stiles, bridge, and bi-lingual signage.

Urras Oighreachd Chàrlabhaigh continues to develop the angling including Carloway River System and the large number of trout lochs, the boats purchased in 2022 have now been made available to anglers. Further improvements to the habitat in the river are planned. Monitoring of the river continues.

Work is continuing to progress the redevelopment of the Carloway Broch Visitor Centre. Funding from the Crown Estate Revenue Fund allowed design work to be progressed with planning permission secured in August 2023. The proposed plans include a refurbishment of the existing space and a modest extension. The 2023 visitor season was successful with the Visitor Centre open to the public and taking in donation as well as a new venture, charging cruise ship visitors for use of the facility. Payment devices were installed on the toilet doors ahead of the 2024 visitor season.

Work is ongoing to further develop the E-bikes project and make them available to the community and public. Several successful trials have been undertaken.

Community Workshop & Growing Space: The plans for the Community Workshop have been developed to include refurbishment of the building and development of the outdoor community growing space including Polycrubs. Design work was continuing to reach the point of securing planning consent for the project prior to establishing a funding package for the planned redevelopment. NHS Western Isles Capital funding has been secured to support the development of the community growing space.

Community Engagement: Urras Oighreachd Chàrlabhaigh employs a Local Development Officer who supports community projects being undertaken by members of the Dalmore to Lochganvich Community Forum. Projects have included Calanais 2025 and supporting Carloway Community Association. This post is supported by funding from Highlands and Islands Enterprise, this project will come to an end in April 2024.

Urras Oighreachd Chàrlabhaigh has continued to work with Urras Oighreachd Ghabhsainn to deliver a transition activity programme for p7 pupils from four primary schools across the two estate areas. The young people take part in a variety of activities and gain their John Muir Discovery Award as part of the project. This took place again in May and June 23 and again in March 24.

Peatland ACTION: We continue to host a Peatland ACTION Project Officer who is supporting peatland restoration projects across the Outer Hebrides. We employ a full-time Project Officer as part of this project. There are a number of Peatland ACTION restoration projects completed, in progress and planned across the Outer Hebrides including at Loch Fasgro on Carloway Estate.

Greylag Goose Management Scheme: Administering the island wide goose scheme on behalf of Nature Scot remains an important part of the Trust's work. This vital project supports the crofting sector across Lewis and Harris.

West Coast Community Energy: The Trust is working with other community landowners, Urras Oighreachd Ghabhsainn and Urras Sgìre Oighreachd Bharabhais, to develop a community wind farm on land near Barvas. This planned, 43MW project will take the Trust closer to realising our ambitions of owning revenue generating renewables


CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH) (REGISTERED NUMBER: SC472722)


Report of the Trustees

for the Year Ended 31 March 2024


FINANCIAL REVIEW

Principal funding sources

The principal funding sources in the year are as follows:
- Estate income including croft rents, leases, wayleaves and land sales.
- Donations and associated income from Doune Broch Visitor Centre.
- Highlands and Islands Enterprise - Revenue grants to support Local Development Officer.
- HIE Community Led Tourism Infrastructure Fund.
- Peatland ACTION (Nature Scot) - Peatland ACTION Project.
- Scottish Land Fund (Stage 2) - Support the purchase of the Doune Broch Visitor Centre and Carpark.
- NHS Western Isles Capital Grant - Capital Grant for Community Growing Space including Polycrub.
- Nature Scot - Goose Management Project.
- Community Led Local Development - West Coast Community Energy.

Reserves policy

One focus of the Board in the years since the Estate was purchased back in 2015 has been to build reserves such that the management of the core business of the Estate can continue to be carried out on a part or full time basis, if or when funding towards this cost is not available. In more recent times the acquisition of the workshop and now the Doune Broch Visitor Centre and carpark bring with it increased responsibilities from both a management and financial perspective. The Board is committed to continuing to increase income streams but until such time as these are sufficient to cover the running costs of the estate without the need for revenue funding, the Board feel it prudent to continue to build reserves.

FUTURE PLANS

Ongoing land management will include developing angling across Carloway Estate.


Secure capital funding for the redevelopment of the Community Workshop including an outdoor community growing space.


Move forward with the redevelopment of Doune Broch Visitor Centre and Carpark. Continue to work with Historic Environment Scotland to develop a tourism project around Dùn Carloway Broch. Work to increase revenue generated at the site.


Work collaboratively with the Dalmore to Lochganvich Community Forum to ensure community projects are taken forward.


The Trust will mitigate any risks by retaining skilled directors, planning for succession and encouraging members to stand for election at the AGM.


Continue to work as part of West Coast Community Energy to develop a community owned windfarm on land near Barvas,


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a limited company, limited by guarantee, as defined by the Companies Act 2006.  It is governed by its articles of association.  Following an EGM on 27 July 2016 a special resolution was passed.  In future, one half of the elected Trustees (or the nearest number upwards) shall retire from office at each biennial AGM, with retiring Trustees remaining in office until the close of the meeting.  A retiring Trustee shall be eligible for re-election.


Recruitment and appointment of new trustees

The Board may be comprised of not less than 5 and not more than 12 Trustees, drawn from the postcode areas specified in the charitable purposes.

Half of the Elected Trustees will retire from office bi-annually at the AGM, with retiring Trustees remaining in office until close of the meeting. Retiring Trustees are eligible for re-election.

Up to 3 individuals may also be co-opted from time to time by the Board, although such Trustees will not be eligible to vote at any Board meetings which he or she attends.


CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH) (REGISTERED NUMBER: SC472722)


Report of the Trustees

for the Year Ended 31 March 2024


REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC472722 (Scotland)


Registered Charity number

SC44779


Registered office

Carloway Community Centre

Knock

Carloway

Isle of Lewis

HS2 9AU


Trustees

A A MacDonald (resigned 29.11.23)

M N Maciver

K J MacLennan

I D M Macleod

D Macleod

I N Macleod

N J Macarthur

J E Ferguson

N Barker

A R Morgan (appointed 29.11.23)

K Maclean (appointed 29.11.23)


Company Secretary

D Mackinnon


Independent Examiner

John E Moffat BA FCA

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF


Approved by order of the board of trustees on 3 December 2024 and signed on its behalf by:






K J MacLennan - Trustee


Independent Examiner's Report to the Trustees of

Carloway Estate Trust (Urras Oighreachd

Charlabhaigh)


I report on the accounts for the year ended 31 March 2024 set out on pages six to nineteen.


Respective responsibilities of trustees and examiner

The charity's trustees 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 of Regulation 10(1)(a) to (c) of the 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 the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeking explanations from you as 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 :


(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.









John E Moffat BA FCA

The Institute of Chartered Accountants in England and Wales


Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF


3 December 2024


CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Statement of Financial Activities

for the Year Ended 31 March 2024



31.3.24


31.3.23


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

2

5,510


124,343


129,853


139,329



Charitable activities

Charitable activities

207


-


207


8,261



Other trading activities

3

6,000


-


6,000


3,000


Investment income

4

33,617


-


33,617


26,708


Total

45,334


124,343


169,677


177,298



EXPENDITURE ON

Raising funds

5

100


-


100


6,560



Charitable activities

Charitable activities

38,929


112,517


151,446


142,194


Governance Costs

1,656


605


2,261


3,071


Total

40,685


113,122


153,807


151,825



NET INCOME

4,649


11,221


15,870


25,473




RECONCILIATION OF FUNDS

Total funds brought forward

44,080


290,424


334,504


309,031



TOTAL FUNDS CARRIED FORWARD

48,729


301,645


350,374


334,504



CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH) (REGISTERED NUMBER: SC472722)


Balance Sheet

31 March 2024



31.3.24


31.3.23


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


FIXED ASSETS


Tangible assets

10

-


278,997


278,997


271,710



CURRENT ASSETS


Debtors

11

21,510


-


21,510


3,044


Cash at bank and in hand

34,263


23,238


57,501


67,308


55,773


23,238


79,011


70,352



CREDITORS


Amounts falling due within one year

12

(7,043

)

(591

)

(7,634

)

(7,558

)


NET CURRENT ASSETS

48,730


22,647


71,377


62,794



TOTAL ASSETS LESS CURRENT

LIABILITIES

48,730


301,644


350,374


334,504



NET ASSETS

48,730


301,644


350,374


334,504


FUNDS

13

Unrestricted funds

48,730


44,080


Restricted funds

301,644


290,424


TOTAL FUNDS

350,374


334,504



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH) (REGISTERED NUMBER: SC472722)


Balance Sheet - continued

31 March 2024


These financial statements have been prepared in accordance with and delivered in accordance with the special  provisions applicable to small charitable companies subject to the small companies regime.



The financial statements were approved by the Board of Trustees and authorised for issue on 3 December 2024 and were signed on its behalf by:






K J MacLennan - Trustee






D Macleod - Trustee


CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Notes to the Financial Statements

for the Year Ended 31 March 2024


1.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.



The presentation currency of the financial statements is the Pound Sterling (£).



The financial statements are rounded to the nearest £1.



Going Concern


The Charity is a going concern and there are no material uncertainties casting significant doubt over its ability to continue as a going concern.



Critical accounting judgements and key sources of estimation uncertainty

Fixed asset net book value and depreciation charges are the areas of the accounts which are affected by significant judgements and estimates. The trustees exercise judgement in determining both the useful economic life and the likely residual value of the charity's assets. This judgement affects the rates of and charge for depreciation in the accounts for the year. It also therefore affects the net book value of the assets in the balance sheet.


Income


All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.



Expenditure


Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.



Tangible fixed assets

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



Freehold property

-

not provided


Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.


Taxation

The charity is exempt from corporation tax on its charitable activities.


Fund accounting

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

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


1.

ACCOUNTING POLICIES - continued



Fund accounting


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


Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.


Pension costs and other post-retirement benefits


The charitable company operates a defined contribution pension scheme.  Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


2.

DONATIONS AND LEGACIES


31.3.24


31.3.23


Unrestricted

Restricted


Total


Total


funds

funds


funds


funds

£   

£   

£   

£   



Donations

4,982


2


4,984


925




Grants

128


124,341


124,469


138,324




Film shoot income

200


-


200


-




Gaelic School

-


-


-


80




Travel bursary

200


-


200


-



5,510


124,343


129,853


139,329





Grants received, included in the above, are as follows:



31.3.24


31.3.23

£   

£   



Highlands & Islands Enterprise

36,630


41,207




Community Land Scotland

300


4,400




Scottish Land Fund

-


21,476




Comhairle nan Eilean Siar

21,761


5,660




Scottish Natural Heritage - Goose Scheme

-


3,000




SNH Peatlands

-


42,322




Foundation Scotland

-


9,251




NHS Western Isles

-


10,000




Nature Scotland

44,778


336




Historic Environment Scotland

-


672




Crown Estate - Development Manager

21,000


-



124,469


138,324





CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


3.

OTHER TRADING ACTIVITIES


31.3.24


31.3.23


Unrestricted

Restricted


Total


Total


funds

funds


funds


funds

£   

£   

£   

£   



Lewis & Harris Grey Goose Adaptive

Management Project - Co-ordinator fee

6,000


-


6,000


3,000




4.

INVESTMENT INCOME


31.3.24


31.3.23


Unrestricted

Restricted


Total


Total


funds

funds


funds


funds

£   

£   

£   

£   



Carloway Estate Income

33,244


-


33,244


26,605




Deposit account interest

373


-


373


103



33,617


-


33,617


26,708






Investment income includes all of the income generated by the estate lands acquired by the Trust.




2024


2023




Wayleaves


1,824


1,496




Leases


5,198


16,613




Croft Rents


2,360


3,003




Land Sales


15,400


5,035




Angling Tickets


789


458




Broch Parking


6,644


-




Other (Scottish Water, Gunnera contribution etc)


1,029


-





Carloway Estate Income


33,244


26,605





5.

RAISING FUNDS



Investment management costs


31.3.24


31.3.23


Unrestricted

Restricted


Total


Total


funds

funds


funds


funds

£   

£   

£   

£   



Grazings share of mast rental

100


-


100


6,560





CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


6.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




31.3.24


31.3.23

£   

£   



Other operating leases

3,640


2,660




7.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.



Trustees' expenses



During the year the Trust reimbursed charity costs met by 3 Trustees totalling £911.


8.

STAFF COSTS



The average monthly number of employees during the year was as follows:



31.3.24


31.3.23


Development Manager

1


3




Project Officer

2


-




Finance and Administration

1


-



4


3





No employees received emoluments in excess of £60,000.


9.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

4,596


134,733


139,329




Charitable activities


Charitable activities

8,261


-


8,261




Other trading activities

3,000


-


3,000



Investment income

26,708


-


26,708



Total

42,565


134,733


177,298




EXPENDITURE ON


Raising funds

6,560


-


6,560




Charitable activities


Charitable activities

32,991


109,203


142,194



Governance Costs

2,356


715


3,071



Total

41,907


109,918


151,825



CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


9.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   




NET INCOME

658


24,815


25,473



Transfers between funds

(5,784

)

5,784


-



Net movement in funds

(5,126

)

30,599


25,473




RECONCILIATION OF FUNDS


Total funds brought forward

49,206


259,825


309,031




TOTAL FUNDS CARRIED FORWARD

44,080


290,424


334,504



10.

TANGIBLE FIXED ASSETS


Freehold


Plant and



property


machinery


Totals

£   

£   

£   



COST


At 1 April 2023

250,757


20,953


271,710




Additions

-


7,287


7,287




At 31 March 2024

250,757


28,240


278,997




NET BOOK VALUE


At 31 March 2024

250,757


28,240


278,997




At 31 March 2023

250,757


20,953


271,710





Included in cost or valuation of land and buildings is freehold land of £185,000 (2023 - £185,000) which is not depreciated.


Land and buildings represents the value of land acquired as a result of the Community Land Buyout from Carloway Estates Limited during 2021 (£185,000) and the purchase of the Doune Broch Centre and Carpark in 2022 (£30,000). The cost in the balance sheet includes the legal fees incurred on the ultimate purchase.

No depreciation will be provided on the cost of the land and legal fees held in the balance sheet.

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.3.24


31.3.23

£   

£   



Trade debtors

15,312


1,847




Prepayments & accrued income

6,198


1,197



21,510


3,044





CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.3.24


31.3.23

£   

£   



Pension liability

740


827




Other creditors

4,500


4,500




Accruals and deferred income

1,000


1,000




Accrued expenses

1,394


1,231



7,634


7,558




13.

MOVEMENT IN FUNDS


Net


Transfers




movement


between


At



At 1.4.23


in funds


funds


31.3.24


£   

£   

£   

£   



Unrestricted funds


General fund

43,953


(3,866

)

(33

)

40,054




Angling UR

50


829


-


879




Broch Unrestricted

8


7,789


-


7,797




Community Workshop - Unrestricted

69


(102

)

33


-



44,080


4,650


-


48,730




Restricted funds


Restricted Capital Fund

198,300


-


-


198,300




SLF / HIE Peatlands Seminar

336


(336

)

-


-




Local Development Officer

4,818


(2,063

)

-


2,755




Peatland ACTION (SNH)

122


4,517


-


4,639




Broch

41,305


4,988


-


46,293




Community Workshop

21,276


(2,700

)

-


18,576




Small Grants

-


672


-


672




Wild Salmonid Support



9,251


-


-


9,251




E Bikes

15,016


-


-


15,016




CrownEstate - Development Manager

-


6,142


-


6,142



290,424


11,220


-


301,644




TOTAL FUNDS

334,504


15,870


-


350,374




CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


13.

MOVEMENT IN FUNDS - continued



Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

32,215


(36,081

)

(3,866

)



Angling UR

1,289


(460

)

829




Broch Unrestricted

11,830


(4,041

)

7,789




Community Workshop - Unrestricted

-


(102

)

(102

)


45,334


(40,684

)

4,650




Restricted funds


SLF / HIE Peatlands Seminar

(336

)

-


(336

)



Local Development Officer

28,760


(30,823

)

(2,063

)



Peatland ACTION (SNH)

45,114


(40,597

)

4,517




Broch

7,906


(2,918

)

4,988




Community Workshop

-


(2,700

)

(2,700

)



Small Grants

672


-


672




CrownEstate - Development Manager

21,001


(14,859

)

6,142




West Coast Wind Energy

21,226


(21,226

)

-



124,343


(113,123

)

11,220




TOTAL FUNDS

169,677


(153,807

)

15,870





CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


13.

MOVEMENT IN FUNDS - continued



Comparatives for movement in funds



Net


Transfers




movement


between


At



At 1.4.22


in funds


funds


31.3.23


£   

£   

£   

£   



Unrestricted funds


General fund

48,177


3,441


(7,665

)

43,953




Angling UR

1,029


(979

)

-


50




Broch Unrestricted

-


(1,873

)

1,881


8




Community Workshop - Unrestricted

-


69


-


69



49,206


658


(5,784

)

44,080




Restricted funds


Restricted Capital Fund

198,300


-


-


198,300




SLF / HIE Peatlands Seminar

-


336


-


336




Local Development Officer

3,779


1,039


-


4,818




Peatland ACTION (SNH)

-


122


-


122




Broch

32,104


4,408


4,793


41,305




Community Workshop

10,626


9,160


1,490


21,276




Wild Salmonid Support



-


9,251


-


9,251




CLS Gaelic Communities

-


499


(499

)

-




E Bikes

15,016


-


-


15,016



259,825


24,815


5,784


290,424




TOTAL FUNDS

309,031


25,473


-


334,504




CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


13.

MOVEMENT IN FUNDS - continued



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



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

41,687


(38,246

)

3,441




Angling UR

458


(1,437

)

(979

)



Broch Unrestricted

420


(2,293

)

(1,873

)



Community Workshop - Unrestricted

-


69


69



42,565


(41,907

)

658




Restricted funds


SLF / HIE Peatlands Seminar

336


-


336




Local Development Officer

35,270


(34,231

)

1,039




Peatland ACTION (SNH)

42,324


(42,202

)

122




Broch

31,272


(26,864

)

4,408




Community Workshop

11,800


(2,640

)

9,160




Wild Salmonid Support



9,251


-


9,251




CLS Gaelic Communities

4,480


(3,981

)

499



134,733


(109,918

)

24,815




TOTAL FUNDS

177,298


(151,825

)

25,473




CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


13.

MOVEMENT IN FUNDS - continued



A current year 12 months and prior year 12 months combined position is as follows:



Net


Transfers




movement


between


At



At 1.4.22


in funds


funds


31.3.24


£   

£   

£   

£   



Unrestricted funds


General fund

48,177


(425

)

(7,698

)

40,054




Angling UR

1,029


(150

)

-


879




Broch Unrestricted

-


5,916


1,881


7,797




Community Workshop - Unrestricted

-


(33

)

33


-



49,206


5,308


(5,784

)

48,730




Restricted funds


Restricted Capital Fund

198,300


-


-


198,300




Local Development Officer

3,779


(1,024

)

-


2,755




Peatland ACTION (SNH)

-


4,639


-


4,639




Broch

32,104


9,396


4,793


46,293




Community Workshop

10,626


6,460


1,490


18,576




Small Grants

-


672


-


672




Wild Salmonid Support



-


9,251


-


9,251




CLS Gaelic Communities

-


499


(499

)

-




E Bikes

15,016


-


-


15,016




CrownEstate - Development Manager

-


6,142


-


6,142



259,825


36,035


5,784


301,644




TOTAL FUNDS

309,031


41,343


-


350,374




CARLOWAY ESTATE TRUST (URRAS OIGHREACHD

CHARLABHAIGH)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2024


13.

MOVEMENT IN FUNDS - continued



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

73,902


(74,327

)

(425

)



Angling UR

1,747


(1,897

)

(150

)



Broch Unrestricted

12,250


(6,334

)

5,916




Community Workshop - Unrestricted

-


(33

)

(33

)


87,899


(82,591

)

5,308




Restricted funds


Local Development Officer

64,030


(65,054

)

(1,024

)



Peatland ACTION (SNH)

87,438


(82,799

)

4,639




Broch

39,178


(29,782

)

9,396




Community Workshop

11,800


(5,340

)

6,460




Small Grants

672


-


672




Wild Salmonid Support



9,251


-


9,251




CLS Gaelic Communities

4,480


(3,981

)

499




CrownEstate - Development Manager

21,001


(14,859

)

6,142




West Coast Wind Energy

21,226


(21,226

)

-



259,076


(223,041

)

36,035




TOTAL FUNDS

346,975


(305,632

)

41,343




14.

RELATED PARTY DISCLOSURES



There were no related party transactions for the year ended 31 March 2024.