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REGISTERED COMPANY NUMBER: SC216006 (Scotland)
REGISTERED CHARITY NUMBER: SC038920














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
SC216006 (Scotland)

Registered Charity number
SC038920

Registered office
Ravenspoint Visitor Centre
Kershader
Lochs
Isle of Lewis
HS2 9QA

Trustees
I M Nicolson
A D McDowall
A E Macleod
D Wilson (appointed 17.5.24)
C F Coles (appointed 26.9.24)
L W H Crosland-Thomson (appointed 19.5.25)
I M Maclennan (deceased 31.3.24)
J Groom (resigned 26.9.24)

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 14 August 2025 and signed on its behalf by:





I M Nicolson - Trustee

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 8,350 - 8,350 5,647

Charitable activities 5
Hostel activities 19,264 - 19,264 19,966
Other charitable activities - 19,000 19,000 19,990
Scottish Power FITS Income 20,084 - 20,084 27,315

Other trading activities 3 311 - 311 1,340
Investment income 4 1 1 2 890
Total 48,010 19,001 67,011 75,148

EXPENDITURE ON
Charitable activities
Other charitable activities 40,502 37,203 77,705 38,123
Depreciation - 17,743 17,743 17,743
Total 40,502 54,946 95,448 55,866

NET INCOME/(EXPENDITURE) 7,508 (35,945 ) (28,437 ) 19,282


RECONCILIATION OF FUNDS
Total funds brought forward 142,171 271,861 414,032 394,750

TOTAL FUNDS CARRIED FORWARD 149,679 235,916 385,595 414,032

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 57,124 233,542 290,666 308,408
Investments 11 1 - 1 1
57,125 233,542 290,667 308,409

CURRENT ASSETS
Debtors 12 39,072 - 39,072 38,488
Cash at bank 56,512 2,374 58,886 70,437
95,584 2,374 97,958 108,925

CREDITORS
Amounts falling due within one year 13 (3,030 ) - (3,030 ) (3,302 )

NET CURRENT ASSETS 92,554 2,374 94,928 105,623

TOTAL ASSETS LESS CURRENT
LIABILITIES

149,679

235,916

385,595

414,032

NET ASSETS 149,679 235,916 385,595 414,032
FUNDS 14
Unrestricted funds 149,679 142,171
Restricted funds 235,916 271,861
TOTAL FUNDS 385,595 414,032

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 14 August 2025 and were signed on its behalf by:





I M Nicolson - Trustee

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 - 2% depreciation on cost and not provided
Wind turbines - 5% depreciation on cost
Fuel tank - 10% depreciation on cost
Fixtures and fittings - 20% depreciation on cost
Computer equipment - 25% depreciation on cost

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 - 8,350 5,647

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 - - - 633
Deposit account interest 1 1 2 257
1 1 2 890

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
58,348 67,271

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 17,742 17,742
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 2 2

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

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 5,647 - 5,647

Charitable activities
Hostel activities 19,966 - 19,966
Other charitable activities 750 19,240 19,990
Scottish Power FITS Income 27,315 - 27,315

Other trading activities 1,340 - 1,340
Investment income 890 - 890
Total 55,908 19,240 75,148

EXPENDITURE ON
Charitable activities
Other charitable activities 22,860 15,263 38,123
Depreciation - 17,743 17,743
Total 22,860 33,006 55,866

NET INCOME/(EXPENDITURE) 33,048 (13,766 ) 19,282

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 109,123 285,627 394,750

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 276,100 97,311 178,689
DEPRECIATION
At 1 January 2024 69,157 58,387 116,148
Charge for year 3,943 4,865 8,934
At 31 December 2024 73,100 63,252 125,082
NET BOOK VALUE
At 31 December 2024 203,000 34,059 53,607
At 31 December 2023 206,943 38,924 62,541

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 and 31 December 2024 66,217 1,484 619,801
DEPRECIATION
At 1 January 2024 66,217 1,484 311,393
Charge for year - - 17,742
At 31 December 2024 66,217 1,484 329,135
NET BOOK VALUE
At 31 December 2024 - - 290,666
At 31 December 2023 - - 308,408


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 1
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:

Ravenspoint Trading Ltd
Registered office:
Nature of business: Community shop
%
Class of share: holding
Ordinary 100
31.12.24 31.12.23
£    £   
Aggregate capital and reserves (1,358 ) (7,401 )
Profit/(loss) for the year 6,043 (4,711 )

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 133 133
Amounts owed by Ravenspoint Trading Ltd 38,939 38,355
39,072 38,488

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 930 1,310
Accrued expenses 2,100 1,992
3,030 3,302


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
271,861 (35,945 ) 235,916
TOTAL FUNDS 414,032 (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 )
19,001 (54,946 ) (35,945 )
TOTAL FUNDS 67,011 (95,448 ) (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.