REGISTERED COMPANY NUMBER: SC397770 (Scotland)

REGISTERED CHARITY NUMBER: SC044408

Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 March 2025

for

The Findhorn Village Conservation

Company

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

13

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 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 activities

The charity's objectives are to benefit the community of Findhorn Village with he purposes of advancing environmental protection or improvements, including preservation, sustainable development and conservation of the natural environment, the maintenance, improvement or provision of environmental amenities for the community and/or the preservation of buildings or sites of architectural, historic or other importance to the community following the principles of sustainable development.

The charity is highly dependent on the support of volunteers who provided 14,000 hours unpaid service during the year to 31 March 2025.

The charity is grateful for all the support provided by residents and others throughout the year. This support has enabled the charity to progress with developments in line with our objectives.

ACHIEVEMENTS AND PERFORMANCE

The work of the company during the year has again focused on consolidation and further expansion in both economic and amenity provision for the village of Findhorn. The volunteer workload of the Directors and Members has remained very high with the activity during the year. Without the extra work of the Members and Directors we would not have been able to take advantage of the opportunities that came our way and I thank them for the time and support they have given to the company.

Findhorn Pathway - In memory of David Urquhart - was completed in July 2020. Ongoing maintenance continued in the year, and this facility is being well used and is appreciated by all users.

West Beach Parking - The automatic booking and entry system, along with the general improvements (including the toilet blocks and sewage offloading points) continued to be appreciated by visitors to the Motorhome Stopover area, which has been extensively used, generating income for the company during the year. This, plus the additional contribution for day parking, is essential for maintaining the standard of, and further developing, these facilities and the surrounding areas.

The East Beach parking area and Dunes Road continued to be maintained to a good standard during the year, and the surface has proved to be more durable after periods of bad weather, following successful trials of different materials in the previous year.

The upgraded toilet facilities have been extensively used. Access to these, and the standard of ongoing cleanliness was appreciated by visitors to the village.

The usable garages in the Armstrong Garage Development continue to be fully let and maintenance work has continued during the year to keep them in good order, including refurbishment to some of the doors.

The beach steps renovation project was completed during this period. These had been removed and replaced in the previous year to eliminate potential health and safety hazards, and they have been extensively used since this refurbishment. Whilst these were not originally the Company's assets, the Company was happy to manage this work for the benefit and safety of the community and visitors to Findhorn. There is a small balance of funds remaining for ongoing maintenance.

The structured approach to assess and define future strategy, and to develop a medium and long term plan for the land under the Company's ownership, continued during the year, in consultation with TFVCC members and Findhorn village residents.

The company thanks everyone who has provided financial support to help with these developments and ongoing maintenance, either from grant funding, leases, or from the numerous very generous personal donations direct to the Company or via Just Giving. The Company plans further development and improvement, as the number of visitors to the village and the demand for parking increases every year. We also thank all our visitors for their Car Parking contributions and especially to those who made an extra effort to keep the area free of litter as much as possible.

FUTURE PLANS

Looking to the coming year we aim to continue development and maintenance work with the car parks, motorhome stopover point, toilet and shower facilities and garages, along with discussions on the future of the Findhorn Church. Focus will remain on generating sufficient income so that we can turn our attention to further improvement and environmental issues.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC397770 (Scotland)

Registered Charity number

SC044408

Registered office

Findhorn Village Centre

The Old School House

Church Place

Findhorn

Moray

IV36 3YR

Trustees

C Low

S B Russell

D J Watson

N Edmonds (resigned 5.2.25)

C M Hunt

E Adams

F Allan

Company Secretary

C Low

Independent Examiner

Alan Long FCA

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

Bankers

Bank of Scotland

P O Box 17235

Edinburgh

EH11 1YH

Approved by order of the board of trustees on 24 November 2025 and signed on its behalf by:

C M Hunt - Trustee

Independent examiner's report to the trustees of The Findhorn Village Conservation Company ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alan Long FCA

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

24 November 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,727

10

1,737

137,109

Other trading activities

2

83,960

-

83,960

71,782

Investment income

3

48

-

48

64

Total

85,735

10

85,745

208,955

EXPENDITURE ON

Charitable activities

General

72,678

5,154

77,832

55,320

NET INCOME/(EXPENDITURE)

13,057

(5,144

)

7,913

153,635

Transfers between funds

10

5,194

(5,194

)

-

-

Net movement in funds

18,251

(10,338

)

7,913

153,635

RECONCILIATION OF FUNDS

Total funds brought forward

1,241,302

23,791

1,265,093

1,111,458

TOTAL FUNDS CARRIED FORWARD

1,259,553

13,453

1,273,006

1,265,093

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

6

1,007,261

-

1,007,261

997,814

Investment property

7

198,532

-

198,532

198,532

1,205,793

-

1,205,793

1,196,346

CURRENT ASSETS

Cash at bank

56,830

13,453

70,283

70,637

CREDITORS

Amounts falling due within one year

8

(3,070

)

-

(3,070

)

(1,890

)

NET CURRENT ASSETS

53,760

13,453

67,213

68,747

TOTAL ASSETS LESS CURRENT LIABILITIES

1,259,553

13,453

1,273,006

1,265,093

NET ASSETS

1,259,553

13,453

1,273,006

1,265,093

FUNDS

10

Unrestricted funds

1,259,553

1,241,302

Restricted funds

13,453

23,791

TOTAL FUNDS

1,273,006

1,265,093

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 24 November 2025 and were signed on its behalf by:

C M Hunt - 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

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.

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 - not provided

Expenditure of less than £500 is not capitalised.

2.	OTHER TRADING ACTIVITIES

31.3.25

31.3.24

£

£

Fundraising events

417

-

Car park income

74,193

64,122

Garage rental

5,650

6,300

Lease income

3,700

1,360

83,960

71,782

3.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Deposit account interest

48

64

4.	TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

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

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

13,713

123,396

137,109

Other trading activities

71,782

-

71,782

Investment income

64

-

64

Total

85,559

123,396

208,955

EXPENDITURE ON

Charitable activities

General

55,320

-

55,320

NET INCOME

30,239

123,396

153,635

Transfers between funds

109,272

(109,272

)

-

Net movement in funds

139,511

14,124

153,635

RECONCILIATION OF FUNDS

Total funds brought forward

1,101,791

9,667

1,111,458

TOTAL FUNDS CARRIED FORWARD

1,241,302

23,791

1,265,093

6.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024

997,814

Additions

9,447

At 31 March 2025

1,007,261

NET BOOK VALUE

At 31 March 2025

1,007,261

At 31 March 2024

997,814

7.	INVESTMENT PROPERTY

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

198,532

NET BOOK VALUE

At 31 March 2025

198,532

At 31 March 2024

198,532

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

950

950

Accrued expenses

2,120

940

3,070

1,890

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year on demand:

Members loans

950

950

10.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.25

£

£

£

£

Unrestricted funds

General fund

44,956

13,057

5,194

63,207

Designated funds

1,196,346

-

-

1,196,346

1,241,302

13,057

5,194

1,259,553

Restricted funds

David Urquhart Bequest

5,194

-

(5,194

)

-

Toilet Blocks Refurbishment

1,565

(1,565

)

-

-

Beach Steps Project

17,032

(3,579

)

-

13,453

23,791

(5,144

)

(5,194

)

13,453

TOTAL FUNDS

1,265,093

7,913

-

1,273,006

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

85,735

(72,678

)

13,057

Restricted funds

Toilet Blocks Refurbishment

-

(1,565

)

(1,565

)

Beach Steps Project

10

(3,589

)

(3,579

)

10

(5,154

)

(5,144

)

TOTAL FUNDS

85,745

(77,832

)

7,913

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.4.23

in funds

funds

31.3.24

£

£

£

£

Unrestricted funds

General fund

970,740

30,239

(956,023

)

44,956

Designated funds

131,051

-

1,065,295

1,196,346

1,101,791

30,239

109,272

1,241,302

Restricted funds

David Urquhart Bequest

9,072

-

(3,878

)

5,194

Allotment Project

595

-

(595

)

-

Toilet Blocks Refurbishment

-

27,725

(26,160

)

1,565

Beach Steps Project

-

95,671

(78,639

)

17,032

9,667

123,396

(109,272

)

23,791

TOTAL FUNDS

1,111,458

153,635

-

1,265,093

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

85,559

(55,320

)

30,239

Restricted funds

Toilet Blocks Refurbishment

27,725

-

27,725

Beach Steps Project

95,671

-

95,671

123,396

-

123,396

TOTAL FUNDS

208,955

(55,320

)

153,635

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

Net

Transfers

movement

between

At

At 1.4.23

in funds

funds

31.3.25

£

£

£

£

Unrestricted funds

General fund

970,740

43,296

(950,829

)

63,207

Designated funds

131,051

-

1,065,295

1,196,346

1,101,791

43,296

114,466

1,259,553

Restricted funds

David Urquhart Bequest

9,072

-

(9,072

)

-

Allotment Project

595

-

(595

)

-

Toilet Blocks Refurbishment

-

26,160

(26,160

)

-

Beach Steps Project

-

92,092

(78,639

)

13,453

9,667

118,252

(114,466

)

13,453

TOTAL FUNDS

1,111,458

161,548

-

1,273,006

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

171,294

(127,998

)

43,296

Restricted funds

Toilet Blocks Refurbishment

27,725

(1,565

)

26,160

Beach Steps Project

95,681

(3,589

)

92,092

123,406

(5,154

)

118,252

TOTAL FUNDS

294,700

(133,152

)

161,548

11.	RELATED PARTY DISCLOSURES

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