REGISTERED COMPANY NUMBER: SC307320 (Scotland)

REGISTERED CHARITY NUMBER: SC040740

Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31st March 2025

for

NETHY BRIDGE COMMUNITY DEVELOPMENT

COMPANY

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

Notes to the Financial Statements

6

to

9

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 31st March 2025. 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's objectives are to undertake any activity which will benefit the community of Nethy Bridge including the management of community land and associated assets, the promotion of rural regeneration and the advancement of community education about its environment.

Significant activities

The main activity this year was continuing the publication of the village's quarterly magazine "The Nethy" with a view to generating funds which could be used to make grants to support various causes and groups in the village.

Achievements and performance

Charitable activities

From the publication and sales of The Nethy the Company was able to make grants of £249 towards local cause, the Village Calendars distributed to the Elderly. The Company ran the village Texas Scramble Competition and Art Competition.

Financial review

Financial Review

The publication and sale of The Nethy generated income of £4,749, an increase on last year and after deducting Production costs of £2,034 and Postage costs of £583 produced a profit of £2,132. These figures are then adjusted to account for prepayments and accruals.

Structure, governance and management

Governing document

The Company is a private company, limited by guarantee and registered in Scotland. The liability of each member is limited to £1. Ordinary Membership is restricted to those who are ordinarily resident in the Community and there are also Associate and Junior member categories as defined by clauses 7.1, 7.2 and 7.3 of the Articles of Association. The Company is governed by its Memorandum of Articles of Association and was granted Charitable status on 11 August 2009.

Recruitment and appointment of new trustees

The Company is managed by a board of directors who are also the trustees elected by Company members. The board meets as and when required.

Up to twelve individuals can be elected as directors and trustees at the annual general meeting (AGM) and up to three individuals can be co-opted by the directors. At each subsequent AGM one third of the elected directors shall retire from office and shall be eligible for re-election. A co-opted Director shall serve until the next AGM and can be re co-opted at such AGM.

Reference and administrative details

Registered Company number

SC307320 (Scotland)

Registered Charity number

SC040740

Registered office

23 Lynstock Crescent

Nethy Bridge

PH25 3DX

Trustees

D S Black

R Cameron

J A Kirk

R J Watson

H J Stuart

S B Christie

B Trussell

Company Secretary

H J Stuart

Independent Examiner

Goldwells

15-17 High Street

Kingussie

Inverness-Shire

PH21 1HS

Approved by order of the board of trustees on 17th September 2025 and signed on its behalf by:

H J Stuart - Trustee

I report on the accounts for the year ended 31st March 2025 set out on pages four to nine.

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.

Lorna Drummond FCCA

The Association of Chartered Certified Accountants

Goldwells

15-17 High Street

Kingussie

Inverness-Shire

PH21 1HS

17th September 2025

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

Income and endowments from

Other trading activities

2

4,611

-

4,611

4,018

Investment income

3

345

-

345

276

Total

4,956

-

4,956

4,294

Expenditure on

Raising funds

2,050

-

2,050

1,656

Charitable activities

Operating expenses

1,499

-

1,499

1,551

Support costs

579

-

579

504

Total

4,128

-

4,128

3,711

NET INCOME

828

-

828

583

Reconciliation of funds

Total funds brought forward

14,268

339

14,607

14,024

Total funds carried forward

15,096

339

15,435

14,607

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

Current assets

Debtors

5

2,438

-

2,438

1,492

Cash at bank

13,504

339

13,843

13,768

15,942

339

16,281

15,260

Creditors

Amounts falling due within one year

6

(846

)

-

(846

)

(653

)

Net current assets

15,096

339

15,435

14,607

Total assets less current liabilities

15,096

339

15,435

14,607

NET ASSETS

15,096

339

15,435

14,607

Funds

7

Unrestricted funds

15,096

14,268

Restricted funds

339

339

Total funds

15,435

14,607

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 17th September 2025 and were signed on its behalf by:

H J Stuart - Trustee

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.

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.

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.

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

2.	Other trading activities

2025

2024

£

£

Fundraising events

-

663

"The Nethy" sales

3,981

2,509

Advertising sales

630

846

4,611

4,018

3.	Investment income

2025

2024

£

£

Bank account interest

345

276

4.	Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.

5.	Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

1,895

725

Prepayments

543

767

2,438

1,492

6.	Creditors: amounts falling due within one year

2025

2024

£

£

Deferred income

316

149

Accrued expenses

530

504

846

653

7.	Movement in funds

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

14,268

828

15,096

Restricted funds

Restricted fund

339

-

339

TOTAL FUNDS

14,607

828

15,435

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

4,956

(4,128

)

828

TOTAL FUNDS

4,956

(4,128

)

828

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

13,685

583

14,268

Restricted funds

Restricted fund

339

-

339

TOTAL FUNDS

14,024

583

14,607

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

4,294

(3,711

)

583

TOTAL FUNDS

4,294

(3,711

)

583

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

Net

movement

At

At 1.4.23

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

13,685

1,411

15,096

Restricted funds

Restricted fund

339

-

339

TOTAL FUNDS

14,024

1,411

15,435

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

9,250

(7,839

)

1,411

TOTAL FUNDS

9,250

(7,839

)

1,411

8.	Related party disclosures

There were no related party transactions for the year ended 31st March 2025.