It has been a landmark year for Rannoch Community Trust, marking both the continued growth of our activities and significant progress in delivering our long-term vision for community resilience and wellbeing across Rannoch.
The most notable achievement this year has been the substantial development of The Cornerstone at Rannoch, our new community hub. Thanks to the dedication of our project team, trustees, and volunteers—and the generous support of our funders including the National Lottery Community Fund, the Scottish Land Fund, Bank of Scotland Foundation, SSE, and Perth & Kinross Council—we now see the transformation of this long-held community ambition into reality. The hub is well underway and on track for completion in summer 2025, representing a lasting asset for generations to come.
Alongside this major project, the Trust has continued to deliver and support initiatives that directly improve daily life in Rannoch. Through our Community Health and Wellbeing work, we have maintained vital volunteer-led hospital transport and befriending services, reducing isolation and improving access to care. The Affordable Housing and Care at Home projects have also advanced, each addressing the urgent need for sustainable local solutions to support independent living and attract and retain residents in the area.
These developments have taken place during a challenging financial period, and while our restricted project funding has grown substantially, our general fund remains limited. The Board continues to monitor cash flow closely and is actively pursuing new income streams and partnerships to ensure financial sustainability and support ongoing operations.
The past year has also brought change within the Board, with several trustees stepping down and new members joining. I would like to extend sincere thanks to all trustees, past and present, for their commitment, insight, and energy. The continuity of community leadership they represent remains vital to our success.
Finally, my heartfelt thanks go to our volunteers, staff, funders, and all those who give their time and expertise to help Rannoch thrive. Every project, from environmental improvements to social care initiatives, is powered by the people who care deeply about this place and its future.
To all of you—thank you.
The trustees are pleased to present their annual directors’ report together with the audited financial statements of the charity for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, and 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).
The purposes of the charity, in summary, are:
• the advancement of community development;
• the relief for those in need by reason of age, ill-health, financial hardship or other disadvantage;
• the provision of recreational facilities or organization of recreational activities;
• the promotion of environmental protection or improvement for the public benefit; and
• the advancement of the arts, heritage, culture or science.
The principal activities undertaken each year to achieve the charity’s aims and objectives are reported in the Chairman’s statement.
Our volunteers
The Trust is involved in the community and relies on voluntary help. In addition to the Board, over 10 volunteers have assisted us and are typically members of the company.
The Trust continues to receive financial support from several organisations including The National Lottery Community Fund, Perth & Kinross Council, Bank of Scotland Foundation, the Scottish Land Fund and SSE plc. The support of government authorities and other charitable funders continues to be essential to the future of Rannoch Community Trust. The Trust also received donations from the local community to support the Trust’s initiatives.
Going concern
The trustees endeavour to ensure the financial security of the Trust for the next 12 months and are of the view that the Trust is a going concern, subject to the following caveats:
• The Cornerstone Project is at the early stage of development. The financial performance of the project and the associated impact on the financial security of the Trust are uncertain. The Trustees are actively monitoring this project.
• The cash remaining in the Trust's General Fund was relatively low at 31 March 2025 and additional funding will be required to sustain the activities of the charity in future. The Trustees are actively seeking additional funding.
Governing Document
Rannoch Community Trust is a company limited by guarantee governed by its Articles of Association dated 12 January 2017, last amended on 28 July 2020. It is registered as a charity with the Scottish Charity Regulator. Anyone can become a member of the Company, subject to the Company’s Articles of Association, and there are currently over 100 members, each of whom agrees to contribute £1 in the event of the charity winding up. The Trustees welcome all local residents to become members of the Trust.
Appointment and Resignation of trustees
The trustees are, subject to the recommendation of the Board, re-elected annually by the members of the company at the Annual General Meeting. The trustees have the power to co-opt directors to fill specialist roles though no more than one third of the Board shall consist of co-opted directors. The Board must consist of three to twelve directors.
Members are invited to nominate candidates prior to the AGM. When considering potential trustees, the Board has regard to the requirement for any specialist skills needed, gender diversity and representation from the community.
Trustee induction and training
New trustees are notified of their legal obligations under charity and company law, the Scottish Charity Regulator’s guidance on trustee duties, and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes and recent financial performance of the charity.
Organisation
The Board of trustees administers the charity. They manage the day-to-day operations of the charity, together with the Project Officers. The Board normally meets monthly.
Related parties
None of our trustees receive remuneration or benefits from their work for the charity. Any connection between a trustee and any other parties must be disclosed and these are detailed in the notes to the financial statements.
Pay policy
All directors give of their time freely and as stated above, no director received remuneration in the period. The contracted hourly rate of the project officer staff is reviewed annually in accordance with average earnings.
Risk management
The trustees implement procedures designed to minimise or manage any potential impact on the charity as necessary. This work has identified that financial sustainability is the principal risk for the charity. A key element in the management of financial risk includes a regular review of available bank and cash balances and the monitoring of receipts from grant providers.
Trustees:
The directors of the charitable company (the charity) are its trustees for charity law. The trustees and officers serving during the period under review and since the period end were as follows:
Richard Barclay (resigned 3 December 2024)
Richard owns and runs Innerhadden Estate and Innerhadden Hydro in Kinloch Rannoch. Richard is a director of the Sandend Harbour Trust and sits on various national venison strategy groups. Richard and his family are the third generation of his family to make Rannoch their home.
John Anderson (resigned 3 December 2024)
John’s family has had a connection with Rannoch for over 40 years with homes here since the mid-80s and he now splits his time between Rannoch, Auchterarder and Glasgow. He is a Chartered Accountant and having pursued a career in the accountancy profession in Glasgow, London and Chicago, returned to Scotland in 1989 to work with the owners of growth companies. He is now Director of Growth Programmes at Strathclyde Business School in Glasgow and combines this part-time role with board leadership and volunteering.
Richard Deak (resigned 6 December 2024)
Since embracing Rannoch’s breathtaking landscapes in May 2017 with his wife, Gaby, Richard has found a profound connection to the area and its vibrant community. Settling in Rannoch has not only been a personal journey for Richard but a professional one as well. As General Manager of the Loch Rannoch Highland Club he brings his comprehensive expertise in enhancing the guest experience, management efficiency, and community engagement to his role at the helm of LHRC and to the board of The Trust.
Kate Duncan
Kate is a PR and marketing consultant working with Scottish rural businesses. She also sits on the Rannoch Highland Gathering Committee. Kate grew up in Rannoch and always considered it very much as home throughout her years working in London and abroad. Kate and Andrew returned to West Tempar full time in 2019 and are managing the farm and developing business opportunities.
Lara Moir (resigned 1 April 2025)
Lara has a background in charity and project management and currently provides consultancy services in these areas. She moved to Rannoch in 2021.
Alistair Penman
Ali is a web designer and developer working for a small business based in Pitlochry and has been resident in Rannoch for 18 years. He is also the Kinloch Rannoch Village Hall Secretary, Recreation Club Secretary and organises many social events within the village. He confesses to being a dab hand at fixing the local’s computers!
Alison Robinson (resigned 8 July 2025)
Ali spent over twelve years as a Management Consultant working across UK, the United States and the Middle East. She subsequently worked as a Project Manager in London and after a period of re-training, as a Land Manager for UK Defence Estates. Ali's Family has owned Dalchosnie since the 1950's and she and her husband moved to Rannoch in late 2016 in order to pursue their dream of farming native breeds in the Highlands.
Danielle Blair
Born and educated in the area returning to make Rannoch her home once again. She is involved in local charity community events. Danielle’s background is in international events and has been working for the RICS for over 20 years delivering events and conferences around the globe. Danielle joined the Board in March 2025 working alongside the other Directors to ensure that the community are at the heart of everything that the Rannoch Community Trust consider as well as enhancing the delivery of Rannoch's Sustainable Future.
Aislinn Crozier
Originally from Northern Ireland, Kinloch Rannoch is ‘home from home’ for Aislinn. She has worked for over 30 years in the energy industry and is now keen to put her efforts into delivering results a little closer to home and being part of the community.
Jerry Dunnigan
Jerry has lived and worked in Kinloch Rannoch for over 30 years. He has been involved in the local community in various ways including as a Community Councillor, a Chair and Founder of Rannoch in Bloom and as a Volunteer Firefighter for over 20 years. You may see him teaching at Rannoch Archery in the village, a small business he set up in 2005. Jerry is a joiner to trade but has accumulated a wide array of skills in building and estate maintenance predominantly working for Dunalastair Estate.
Vivian Robertson
With a professional background spanning social housing, hospitality, and latterly social care, Vivian brings a strong foundation in people-focused work and community engagement. Vivian works within the Care and Wellbeing sector providing independent advocacy and brokerage. She has a keen interest in community development and empowerment, driven by a belief in building sustainable, inclusive spaces where everyone can thrive. After living in Rannoch for 12 years, Vivian has recently moved slightly further afield but remains closely connected and committed to the area. She is passionate about supporting Rannoch in developing positive community assets that will help it grow and flourish sustainably for current and future generations.
Chris Massey (resigned 31 July 2025)
Chris has a background in finance and ran a community interest company before retiring to Rannoch in 2021.
The trustees, who are also the directors of Rannoch Community Trust for the purpose of company law, are responsible for preparing the Trustees Report 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees report was approved by the Board of Trustees.
Opinion
We have audited the financial statements of Rannoch Community Trust (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the information given in the trustees report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and
the directors' report included within the trustees report has been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:
adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees report and from the requirement to prepare a strategic report.
As explained more fully in the statement of trustees responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
We have been appointed as auditor under Chapter 3 of Part 16 of the Companies Act 2006 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Acts and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:
Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
Reviewing minutes of meetings of those charged with governance;
Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charity’s trustees, as a body, in accordance with regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body,and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Grant income
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Rannoch Community Trust is a private company limited by guarantee incorporated in Scotland. The registered office is Rannoch Hub, Kinloch Rannoch, Pitlochry, PH16 5PQ, United Kingdom.
The financial statements have been prepared in accordance with the charity's Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their descretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Trust's work or for specific projects being undertaken by the Trust.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified under the following activity headings:
Expenditure on charitable activities includes the costs of events and other activities undertaken to further the purpose of the charity and their associated support costs.
Other expenditure represents those items not falling into any other heading
Irrecoverable VAT is charged as a costs against the activity for which the expenditure was incurred.
Assets in the course of construction are not depreciated.
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The Directors are of the opinion that there are no critical accounting estimates or judgemets that would have a material impact on the finanical statements.
Grants
General
General
Other income
Grant income
General
Project Officers
Community Hub Project
Community Health and Wellbeing
Affordable Housing
Community Groups
Care at Home
Advertising and promotional
Bank fees
Sundry
Computer costs
Other fees
Insurance
Memberships
Project expenses
Project officers
Other purchases
General
Project Officers
Community Hub Project
Community Health and Wellbeing
Affordable Housing
Community Groups
Care at Home
Advertising and promotional
Bank fees
Computer costs
Heat and light
Insurance
Memberships
Professional fees
Project expenses
Project officers
Other purchases
VAT recovered from prior year
Accountancy
Other compliance costs
The average monthly number of employees during the year was:
The charity is in the process of constructing a Community Hub and the trustees are hoping will be complete in the summer of 2025.
The income funds of the charity include restricted funds comprising the following balances of donations and grants held on trust for specific purposes:
Income
Expenditure
Income
Expenditure
Projects Officers:
To provide ongoing financing of a project officer, or part time project officers.
Community Hub Project:
To progress the Community Hub initiative and finance costs associated with the purchase and refurbishment of the building.
Affordable Housing:
To progress the Affordable Housing project.
Community Groups:
To hold funds and provide administrative support to a range of small community groups in the district.
Community Health & Wellbeing:
To support the local community and offer a befriender service and to conrtribute towards the mileage costs of volunteer drivers when providing transport for locals to hospitals as and when required.
Care at Home:
To establish a community-led charitable trust, which will provide a comprehensive range of community led health and wellbeing services.
These are unrestricted funds funds which are material to the charity's activities made up as follows:
Income
Expenditure
Transfers
Income
Expenditure
Transfers
General Fund:
To be used by the charity on an on-going basis for any of its activities.
There were no disclosable related party transactions during the year (2024 - none).
Details of the charity's subsidiaries at 31 March 2025 are as follows:
The Cornerstone at Rannoch Limited subsidiary (previously known as Rannoch Hub Limited) was dormant thought out the year that these financial statements are prepared to.
The charity had no debt during the year.