REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Financial Statements for the Year Ended 31 March 2024 |
for |
CARLOWAY ESTATE TRUST (URRAS OIGHREACHD |
CHARLABHAIGH) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
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 |
Registered Charity number |
Registered office |
Trustees |
D Macleod |
Company Secretary |
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 |
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 |
Charitable activities |
Other trading activities | 3 |
Investment income | 4 |
Total |
EXPENDITURE ON |
Raising funds | 5 |
Charitable activities |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 48,729 | 301,645 | 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 |
CURRENT ASSETS |
Debtors | 11 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 12 | ( | ) | ( | ) | ( | ) | ( | ) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 13 |
Unrestricted funds | 44,080 |
Restricted funds | 290,424 |
TOTAL FUNDS | 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 |
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 | - |
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 |
Grants | 128 | 124,341 |
Film shoot income | 200 | - | 200 | - |
Gaelic School | - | - | - | 80 |
Travel bursary | 200 | - | 200 | - |
5,510 | 124,343 |
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 | - |
4. | INVESTMENT INCOME |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Carloway Estate Income | 33,244 | - |
Deposit account interest | 373 | - |
33,617 | - |
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 | - |
9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
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 |
Transfers between funds | (5,784 | ) | 5,784 | - |
Net movement in funds | ( | ) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 49,206 | 259,825 |
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 |
Additions |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
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 |
Prepayments & accrued income |
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 |
Accruals and deferred income |
Accrued expenses |
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 | - |
4,650 |
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 |
11,220 |
TOTAL FUNDS | 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 | ) |
( | ) | 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 | ) | - |
( | ) | 11,220 |
TOTAL FUNDS | ( | ) | 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 |