| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Financial Statements for the Year Ended 31 December 2024 |
| for |
| CO-CHOMUNN NA PAIRC |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Financial Statements for the Year Ended 31 December 2024 |
| for |
| CO-CHOMUNN NA PAIRC |
| CO-CHOMUNN NA PAIRC |
| Contents of the Financial Statements |
| for the Year Ended 31 December 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 | 16 |
| CO-CHOMUNN NA PAIRC (REGISTERED NUMBER: SC216006) |
| Report of the Trustees |
| for the Year Ended 31 December 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 December 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 promotes and supports the advancement of community development, education, and the provision of recreational facilities in the Western Isles and in particular in the area of south Lochs for the benefit of the social welfare of the local inhabitants and visitors to the area. Our aim is to safeguard and improve community facilities, taking advantage of opportunities to attract visitors to supplement demand from local residents. |
| Significant activities |
| The outcomes and benefits which the Co Chomunn and Ravenspoint aim to achieve are as follows: |
| - Improved services and amenities for the South Lochs community to tackle rural disadvantage based on the development of local assets, in particular the area's outstanding history, heritage, Gaelic culture, and environment. |
| - Partnership working with other local groups to increase awareness of and pride in the area's Gaelic culture and heritage, and outstanding wildlife, contributing to national and local objectives for Gaelic and the environment. |
| - Additional jobs and other income-generating opportunities for the South Lochs community based on our local resources. |
| - A more enterprising and unified community in South Lochs, equipped with new skills to work together to meet the challenges facing this remote area and to seize opportunities for sustainable economic, social, and cultural development. |
| - In due course, improved job and income-generating opportunities locally, better services and amenities, and an improved showcase for community life, which will help to tackle the long-term problems of rural disadvantage, for example a declining population and an elderly age structure, by making South Lochs a more attractive place to live and a more sustainable community. |
| - A sustainable future for the Ravenspoint Centre itself, taking full advantage of its magnificent natural setting, extending our skills base by creating new posts, and generating increased income so that jobs can be sustained or increased. |
| We collect information from the community about their views on the services provided at Ravenspoint, and hold an annual meeting to discuss priorities for the year ahead. This ensures that we receive regular feedback on the services we provide, and allows us to shape future services in the light of the views of our customers and other local residents. |
| ACHIEVEMENTS AND PERFORMANCE |
| Charitable activities |
| The passing of our beloved Ishbel and the standing down from the Board of John meant the past year has been extra challenging. At the same time two additional members were appointed who have brought new skills and experience to the Board. |
| During the year, the charity continued to oversee our activities at Ravenspoint in support of community development. |
| Our subsidiary company, Ravenspoint Trading Ltd, operated the community shop, café, Post Office and fuel service, while Co-Chomunn na Pairc was responsible for all other activities including the hostel and provision of space for a museum and exhibitions. |
| CO-CHOMUNN NA PAIRC (REGISTERED NUMBER: SC216006) |
| Report of the Trustees |
| for the Year Ended 31 December 2024 |
| FINANCIAL REVIEW |
| Reserves policy |
| It is the charity's policy to retain sufficient reserves to operate without financial restrain. The trustees appreciate that to achieve their development plan and establish the company on a sound financial footing additional sources of income have to be secured. |
| The Trustees continue to maintain prudent cost control and make donations available to deal with a potential trading deficit by Ravenspoint Trading Ltd. |
| The cash reserves of the Restricted Funds held at the year-end were as follows: |
| - Community Asset Maintenance Fund - Pairc Historical Society (Habost Hall new roof) - £1,000 |
| - Pairc Trust - for grounds maintenance - £1,000 |
| - Gaelic promotion - £374 |
| The charity had unrestricted net current assets of £53,615 (excluding the inter-company loan with Ravenspoint Trading Ltd). The trustees are satisfied with this level of reserves, given the challenges faced during 2024. |
| FUTURE PLANS |
| The company have plans to pursue the further development of Ravenspoint as financial resources enable them to do so. Meanwhile, all efforts continue to be made to provide essential services whilst remaining financially stable. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| Recruitment and appointment of new trustees |
| The trustees consider the range of skills required and appoint or endorse new trustees at the annual general meeting. |
| Organisational structure |
| Co-Chomunn na Pairc has established a wholly owned subsidiary, Ravenspoint Trading Ltd, a company limited by shares, which began trading in July 2010. |
| The subsidiary company accounts for the operations of the community shop and cafe, with Co-Chomunn na Pairc owning the building and other capital assets at Ravenspoint, running the hostel and Gaelic courses, and renting space to other community organisations. |
| In practice, the strategic guidance by Directors and management of the two companies are carried out jointly. |
| Ravenspoint Trading Ltd and Co-Chomunn na Pairc share some directors, and staff operate across the two companies, with an emphasis on flexibility between various activities. |
| We currently provide some 2 FTE (full-time equivalent) jobs over the year as a whole. The shop is open 11am-4.30pm Mondays-Saturdays. |
| CO-CHOMUNN NA PAIRC (REGISTERED NUMBER: SC216006) |
| Report of the Trustees |
| for the Year Ended 31 December 2024 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Risk management |
| The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
| The main risks that might affect the success of Ravenspoint are tabulated below, with an indication of how they would be managed - either to prevent occurrence of the risk or to mitigate its impact. The Co-Chomunn Board would take responsibility for all action that might be required should a risk materialise. |
Risk | Impact | Probability | Action to Avoid / Mitigate |
Cannot recruit staff to posts at planned salary levels | High | Medium (a general shortage of candidates to fill vacancies in the area) | Consider increasing salaries or introducing more flexible working hours. |
Loss of Co-Chomunn Directors | Medium | Medium | Recruit comparably qualified individuals as replacements. |
Failure to achieve café and shop target turnover | Medium (Robust to 10% reduction in projections, and other income streams could be developed to compensate) | High | Explore potential to develop alternative models of service delivery to maintain viability. |
Failure to achieve hostel target turnover | Medium | Medium | Prioritise promotion of Hostel in online marketing and on website.Develop new income streams to capitalise on Hostel visits. |
Increased energy costs | Medium | Medium | Develop alternative energy supplies and increased energy efficiency measures |
Failure of existing model to deliver sustainability | High | High | Continue to review model to identify and test alternative approaches. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| CO-CHOMUNN NA PAIRC (REGISTERED NUMBER: SC216006) |
| Report of the Trustees |
| for the Year Ended 31 December 2024 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Independent Examiner |
| Andrew Cumming CA |
| Mann Judd Gordon Ltd |
| Chartered Accountants |
| 26 Lewis Street |
| Stornoway |
| Isle of Lewis |
| HS1 2JF |
| Website |
| www.ravenspoint.net |
| STATEMENT OF TRUSTEES' RESPONSIBILITIES |
| The trustees (who are also the directors of Co-chomunn na Pairc for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
| Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
| - | select suitable accounting policies and then apply them consistently; |
| - | observe the methods and principles in the Charity SORP; |
| - | make judgements and estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
| The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Co-chomunn na Pairc |
| I report on the accounts for the year ended 31 December 2024 set out on pages six to sixteen. |
| 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. |
| Andrew Cumming CA |
| The Institute of Chartered Accountants of Scotland |
| Mann Judd Gordon Ltd |
| Chartered Accountants |
| 26 Lewis Street |
| Stornoway |
| Isle of Lewis |
| HS1 2JF |
| 14 August 2025 |
| CO-CHOMUNN NA PAIRC |
| Statement of Financial Activities |
| for the Year Ended 31 December 2024 |
| 31.12.24 | 31.12.23 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 2 |
| Charitable activities | 5 |
| Scottish Power FITS Income | 20,084 | - | 20,084 | 27,315 |
| Other trading activities | 3 |
| Investment income | 4 |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Depreciation | - | 17,743 | 17,743 | 17,743 |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 414,032 |
| CO-CHOMUNN NA PAIRC (REGISTERED NUMBER: SC216006) |
| Balance Sheet |
| 31 December 2024 |
| 31.12.24 | 31.12.23 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 10 |
| Investments | 11 |
| CURRENT ASSETS |
| Debtors | 12 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 13 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 14 |
| Unrestricted funds | 142,171 |
| Restricted funds | 271,861 |
| TOTAL FUNDS | 414,032 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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. |
| CO-CHOMUNN NA PAIRC (REGISTERED NUMBER: SC216006) |
| Balance Sheet - continued |
| 31 December 2024 |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| CO-CHOMUNN NA PAIRC |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | ACCOUNTING POLICIES |
| Consolidated accounts |
| 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, with the exception of investments which are included at market value. |
| Individual accounts are prepared for Co-chomunn na Pairc and Ravenspoint Trading Ltd. These are filed at the Registrar of Companies. |
| Where the consolidated income (after adjusting for inter-company transactions) for the year exceeds £500,000 consolidated accounts are prepared. This was not the case during the year under review. |
| 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. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
| 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 | - |
| Wind turbines | - |
| Fuel tank | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| The trustees took the decision to stop providing for depreciation on the older part (non-extension) of the property with effect from 1 January 2016. This was decided following consideration of the estimated residual value of the asset which has been upgraded significantly over the past number of years, in particular the hostel. |
| The effect of this change has been to stop charging £1,579 depreciation to the Unrestricted General Fund each year. Depreciation on the Restricted Capital Fund property will continue as before but be kept under review by the trustees. |
| 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. |
| CO-CHOMUNN NA PAIRC |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 1. | ACCOUNTING POLICIES - continued |
| 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. |
| 2. | DONATIONS AND LEGACIES |
| 31.12.24 | 31.12.23 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| £ | £ | £ | £ |
| Donations | 8,350 | - |
| 3. | OTHER TRADING ACTIVITIES |
| 31.12.24 | 31.12.23 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| £ | £ | £ | £ |
| Administration fees | 311 | - | 311 | 1,340 |
| 4. | INVESTMENT INCOME |
| 31.12.24 | 31.12.23 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| £ | £ | £ | £ |
| Rents received | - | - |
| Deposit account interest | 1 | 1 |
| 1 | 1 |
| 5. | INCOME FROM CHARITABLE ACTIVITIES |
| 31.12.24 | 31.12.23 |
| Activity | £ | £ |
| Hostel income | Hostel activities | 19,264 | 19,966 |
| Grants | Other charitable activities | 19,000 | 19,990 |
| Scottish Power FITS income | Scottish Power FITS Income | 20,084 | 27,315 |
| Grants received, included in the above, are as follows: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Comhairle nan Eilean Siar | - | 19,240 |
| The Crown Estate | 18,000 | - |
| Pairc community council | - | 750 |
| The Pairc Trust | 1,000 | - |
| 19,000 | 19,990 |
| CO-CHOMUNN NA PAIRC |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 6. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Depreciation - owned assets |
| Hire of plant and machinery | 2,342 | 1,743 |
| 7. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| 8. | STAFF COSTS |
| The average monthly number of employees during the year was as follows: |
| 31.12.24 | 31.12.23 |
| Management and support staff |
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | funds | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Scottish Power FITS Income | 27,315 | - | 27,315 |
| Other trading activities |
| Investment income |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Depreciation | - | 17,743 | 17,743 |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| CO-CHOMUNN NA PAIRC |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
| Unrestricted | Restricted | Total |
| fund | funds | funds |
| £ | £ | £ |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 109,123 | 285,627 |
| TOTAL FUNDS CARRIED FORWARD | 142,171 | 271,861 | 414,032 |
| 10. | TANGIBLE FIXED ASSETS |
| Freehold | Wind |
| property | turbines | Fuel tank |
| £ | £ | £ |
| COST |
| At 1 January 2024 and 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 and 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| CO-CHOMUNN NA PAIRC |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 11. | FIXED ASSET INVESTMENTS |
| Listed |
| investments |
| £ |
| MARKET VALUE |
| At 1 January 2024 and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 | 1 |
| At 31 December 2023 | 1 |
| There were no investment assets outside the UK. |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Registered office: |
| Nature of business: Community shop |
| % |
| Class of share: | holding |
| £ | £ |
| Aggregate capital and reserves | ( |
) | ( |
) |
| Profit/(loss) for the year | ( |
) |
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade debtors |
| Amounts owed by Ravenspoint Trading Ltd |
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade creditors |
| Accrued expenses |
| CO-CHOMUNN NA PAIRC |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 14. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.1.24 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 142,171 | 7,508 | 149,679 |
| Restricted funds |
| General fund | 20,203 | (18,203 | ) | 2,000 |
| Capital projects | 251,284 | (17,742 | ) | 233,542 |
| Gaelic courses and promotion | 374 | - | 374 |
| (35,945 | ) |
| TOTAL FUNDS | (28,437 | ) | 385,595 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 48,010 | (40,502 | ) | 7,508 |
| Restricted funds |
| General fund | 19,000 | (37,203 | ) | (18,203 | ) |
| Capital projects | 1 | (17,743 | ) | (17,742 | ) |
| ( |
) | (35,945 | ) |
| TOTAL FUNDS | ( |
) | (28,437 | ) |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.1.23 | in funds | 31.12.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 109,123 | 33,048 | 142,171 |
| Restricted funds |
| General fund | 16,226 | 3,977 | 20,203 |
| Capital projects | 269,027 | (17,743 | ) | 251,284 |
| Gaelic courses and promotion | 374 | - | 374 |
| 285,627 | (13,766 | ) | 271,861 |
| TOTAL FUNDS | 394,750 | 19,282 | 414,032 |
| CO-CHOMUNN NA PAIRC |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 14. | 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 | 55,908 | (22,860 | ) | 33,048 |
| Restricted funds |
| General fund | 19,240 | (15,263 | ) | 3,977 |
| Capital projects | - | (17,743 | ) | (17,743 | ) |
| 19,240 | (33,006 | ) | (13,766 | ) |
| TOTAL FUNDS | 75,148 | (55,866 | ) | 19,282 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.1.23 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 109,123 | 40,556 | 149,679 |
| Restricted funds |
| General fund | 16,226 | (14,226 | ) | 2,000 |
| Capital projects | 269,027 | (35,485 | ) | 233,542 |
| Gaelic courses and promotion | 374 | - | 374 |
| 285,627 | (49,711 | ) | 235,916 |
| TOTAL FUNDS | 394,750 | (9,155 | ) | 385,595 |
| 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 | 103,918 | (63,362 | ) | 40,556 |
| Restricted funds |
| General fund | 38,240 | (52,466 | ) | (14,226 | ) |
| Capital projects | 1 | (35,486 | ) | (35,485 | ) |
| 38,241 | (87,952 | ) | (49,711 | ) |
| TOTAL FUNDS | 142,159 | (151,314 | ) | (9,155 | ) |
| CO-CHOMUNN NA PAIRC |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 14. | MOVEMENT IN FUNDS - continued |
| Restricted Capital Fund |
| This fund is used to account for income received for capital projects carried out by the charity. The three projects included in this fund are the wind turbines, the extension to the cafe and centre and the fuel pump project. The fund is fully expended and so the depreciation charge is the only activity. |
| Restricted Capital Fund |
| This fund is used to account for the income and expenditure relating to the specific revenue projects undertaken by the charity. |
| Restricted Gaelic Courses and Promotion |
| This fund is used to account for the income and expenditure relating to the Gaelic courses run by the charity and related promotional work. |
| 15. | RELATED PARTY DISCLOSURES |
| Debtors due within one year include £38,939 (2023 - £38,354) due to Co-Chomunn na Pairc from Ravenspoint Trading Ltd, the wholly-owned subsidiary company. There are no repayment terms in place and no interest is charged on the balance due. |
| During the year Ravenspoint Trading Ltd received funding of of £36,723 (2023: £9,717) from Co-Chomunn na Pairc (£7,500 of this was deferred to 2025, being funding received for a capital project). These grants were considered to fall within the stated objectives of the charity that the trading subsidiary was set up to fulfill. |
| 16. | ULTIMATE CONTROLLING PARTY |
| There is no ultimate controlling party. |