REGISTERED COMPANY NUMBER: SC486812 (Scotland)

REGISTERED CHARITY NUMBER: SC045191

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for

Arisaig Unit

(A Company Limited by Guarantee)

Page

Report of the Trustees

1

to

6

Report of the Independent Auditors

7

to

10

Statement of Financial Activities

11

Balance Sheet

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

to

20

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 aims

The objects of the charity are to advance the education of young people who are emotionally and behaviourally challenging and to provide specialist care and education for young people who may be physically or mentally impaired.

It achieves these objectives through the operation and maintenance of Arisaig Unit at St Philip's School, Plains as a residential establishment and for ancillary purposes for the purposes of the Relevant Legislation.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Arisaig Unit continues to demonstrate strong growth and consistent performance since becoming operational in 2018. The range and quality of our provision has expanded significantly, offering a diverse and high-quality portfolio of care and accommodation services which include:

- Skye House - 4 residential and education placements

- South Uist 1 - Practice Flat

- South Uist 2 - Starter Flat

- Glenelg Gatehouse - Single placement service

- Blackwood Manor - 5-bedded service with integrated Blackwood Lodge family service

The Arisaig Unit has maintained high occupancy levels across all services, supported by close working relationships with St Philip's School, enabling a planned and responsive pathway approach to placements. Feedback from Local Authority partners, young people, and parents/guardians has remained highly positive, commending both the quality of care and the personalised nature of our support.

All Arisaig services have retained 'Very Good' grading from our regulatory inspections, which reflects the strength of our staff teams, robust governance, and the effectiveness of our service delivery.

Workforce Development and Community Engagement

Our staff group continues to benefit from a targeted Learning and Development programme, which builds on the induction framework to embed a culture of continuous improvement. Training includes a combination of external qualifications and internal courses focused on outcomes-based practice, with assessment of need placed at the centre of all interventions.

In parallel, our commitment to community engagement remains strong. Arisaig management maintain active involvement with local provider forums and community committees, helping to strengthen our profile and advocate for young people with complex needs.

Funding and Contractual Arrangements

Arisaig Services operate independently of the Scottish Excel Framework, maintaining individualised contractual arrangements directly with Local Authorities. Current fee arrangements continue to track closely with the National Framework. We remain confident in the value and sustainability of our model and are committed to ongoing partnership working with funders to ensure the best outcomes for young people.

FINANCIAL REVIEW

Financial position

Total incoming resources on unrestricted funds were £3,103,351 (2024: £2,870,581). Resources expended during the year were £2,825,816 (2024: £2,477,091). The surplus for the year was £277,535 (2024: £393,490).

Reserves policy

The trustees consider that the ideal level of reserves would be the equivalent of between 3 months and six months annual expenditure which would be approximately £600,000 to £1,200,000. Current available unrestricted reserves, excluding fixed assets, are £1,210,873.

Going concern

At the time of approving these financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

FUTURE DEVELOPMENTS

Beechwood Apartment Development

We are pleased to report that the Beechwood Apartments, comprising seven single occupancy supported living apartments, are on schedule for completion in September 2025.

Dykecroft Farm

Also due for completion by September 2025, this new 4-1 model provides a five-bed service extends the capacity and flexibility of the Arisaig provision.

Together, these two developments will add a total of 12 new placements to the Arisaig portfolio, enhancing our ability to support a wider range of young people, including those progressing toward greater independence.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 16 September 2014. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

Trustees are appointed in accordance with the Articles of Association. No person may be appointed as a trustee unless they have been approved in advance by the Ecclesiastical Superior for the time being of the Roman Catholic Diocese of Motherwell. Subject to that, the Chair shall be directly appointed by decision of the Superior for a term of three years (which may be renewed without time limit by subsequent re-appointment). Other trustees are appointed by decision of the trustees for a term of three years.

Organisational structure

The Trustees meet regularly to administer the charity.

Induction and training of new trustees

New trustees attend a short induction and training session where they are briefed on the content of the Memorandum and Articles of Association, the decision making process, the business plan and recent financial performance of the charity.

Related parties

Arisaig Unit has common trustees with St Philip's School, Plains and Cora Foundation.

Risk management

The directors have a risk management strategy which comprises:

- an annual review of the risks the charity may face;

- the establishment of systems and procedures to mitigate those risks identified; and

- the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC486812 (Scotland)

Registered Charity number

SC045191

Registered office

C/o McSparran McCormick

Waterloo Chamber

19 Waterloo Street

Glasgow

G2 6AH

Trustees

J Aitken

A Bennett

T G Bradshaw (appointed 31.10.24)

F Farrell

D J Ryan

Ms E M Seery (appointed 31.10.24)

B J Dempsey (resigned 31.3.25)

L G Byrne (resigned 31.12.24)

J Harkins (resigned 24.8.24)

Company Secretary

McSparran McCormick

Auditors

Accountants Plus (Hamilton) Ltd

T/A Accountants Plus

Statutory Auditor

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

Solicitors

McSparran McCormick

Solicitors

Waterloo Chambers

19 Waterloo Street

Glasgow

G2 6AH

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Arisaig Unit 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. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 Charities 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.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

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 15 December 2025 and signed on its behalf by:

A Bennett - Trustee

Opinion

We have audited the financial statements of Arisaig Unit (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006.

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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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.

Conclusions relating to going concern

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 charitable company'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.

Emphasis of matter

We draw attention to note 9 of the financial statements, which describes the Trustees' treatment of refurbishment costs. Our opinion is not modified in respect of this matter.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where 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

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees 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 charitable company'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.

Our responsibilities for the audit of the financial statements

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 a Report of the Independent Auditors 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.

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these among our audit team members. We then designed and performed audit procedures to respond to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing the risks or material misstatements in respect of irregularities, including fraud and non-compliance with laws and regulations we considered the following;

- The nature of the charity, the environment in which it operates and the control procedures implemented by management and the trustees; and

- Our enquiries of management and trustees about their identification and assessment of the risks of irregularities.

Based on our understanding of the charity and the sector as a whole we identified that the principal risks of non-compliance with laws and regulations related to, but were not limited to;

- Regulations and legislation pertinent to the charity's operations; and

- UK tax and employment legislation.

We considered the extent to which non-compliance might have a material impact on the financial statements. We also considered those laws and regulations which have a direct impact on the preparation of the financial statements, such as the Charities and Trustee Investment (Scotland) Regulations 2006. We evaluated management and trustees' incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of management override of controls), and determined that the principal risks of the charity were related to;

- Inappropriate journal entries; and

- Management bias in accounting estimates.

Audit response to the risks identified:

Our procedures to respond to the risks identified included the following:

- Gaining an understanding of the legal and regulatory framework applicable to the charity and the sector in which it operates;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- Enquiring of management, trustees and legal advisors concerning actual or potential litigation and claims;

- Reading minutes of meetings of those charged with governance;

- In addressing the risk of fraud as a result of management override of controls, testing the appropriateness of journal entries and other adjustments and evaluating rationale of any significant transactions that are unusual or outside the normal course of business; and

- Communicating relevant identified laws and regulations and potential fraud risks to all audit team members, and remaining alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above. The further removed any non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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 charitable company'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 the trustees those matters we are required to state to them in an auditors' 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 and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Fiona Struthers C.A. (Senior Statutory Auditor)

for and on behalf of Accountants Plus (Hamilton) Ltd

T/A Accountants Plus

Statutory Auditor

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

15 December 2025

31.3.25

31.3.24

Unrestricted

Total

funds

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

2

Charitable activities

3,103,350

2,870,581

EXPENDITURE ON

Charitable activities

3

Charitable activities

2,825,815

2,477,091

NET INCOME

277,535

393,490

RECONCILIATION OF FUNDS

Total funds brought forward

1,686,212

1,292,722

TOTAL FUNDS CARRIED FORWARD

1,963,747

1,686,212

31.3.25

31.3.24

Unrestricted

Total

funds

funds

Notes

£

£

FIXED ASSETS

Tangible assets

10

752,874

558,200

CURRENT ASSETS

Debtors

11

630,095

501,604

Cash at bank

1,275,871

958,308

1,905,966

1,459,912

CREDITORS

Amounts falling due within one year

12

(695,093

)

(331,900

)

NET CURRENT ASSETS

1,210,873

1,128,012

TOTAL ASSETS LESS CURRENT LIABILITIES

1,963,747

1,686,212

NET ASSETS

1,963,747

1,686,212

FUNDS

13

Unrestricted funds

1,963,747

1,686,212

TOTAL FUNDS

1,963,747

1,686,212

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 15 December 2025 and were signed on its behalf by:

A Bennett - Trustee

Cash flows from operating activities

Cash generated from operations

1

529,503

650,248

Net cash provided by operating activities

529,503

650,248

Cash flows from investing activities

Purchase of tangible fixed assets

(211,940

)

(574,800

)

Net cash used in investing activities

(211,940

)

(574,800

)

Change in cash and cash equivalents in the reporting period

317,563

75,448

Cash and cash equivalents at the beginning of the reporting period

958,308

882,860

Cash and cash equivalents at the end of the reporting period

1,275,871

958,308

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.3.25

31.3.24

£

£

Net income for the reporting period (as per the Statement of Financial Activities)

277,535

393,490

Adjustments for:

Depreciation charges

17,266

16,600

(Increase)/decrease in debtors

(128,491

)

80,488

Increase in creditors

363,193

159,670

Net cash provided by operations

529,503

650,248

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank

958,308

317,563

1,275,871

958,308

317,563

1,275,871

Total

958,308

317,563

1,275,871

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Caravan

-

33% on cost

Motor vehicles

-

33% on cost

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	INCOME FROM CHARITABLE ACTIVITIES

31.3.25

31.3.24

Activity

£

£

Service income

Charitable activities

3,083,541

2,868,919

Other income

Charitable activities

19,809

1,662

3,103,350

2,870,581

3.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 4)

Totals

£

£

£

Charitable activities

2,692,965

132,850

2,825,815

4.	SUPPORT COSTS

Governance

Management

costs

Totals

£

£

£

Charitable activities

115,039

17,811

132,850

5.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25

31.3.24

£

£

Auditors' remuneration

8,853

7,047

Depreciation - owned assets

17,266

16,600

6.	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.

7.	STAFF COSTS

31.3.25

31.3.24

£

£

Wages and salaries

1,289,878

1,322,345

Social security costs

146,434

138,918

Other pension costs

81,157

236,388

1,517,469

1,697,651

The average monthly number of employees during the year was as follows:

31.3.25

31.3.24

Staff

38

38

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

31.3.25

31.3.24

£60,001 - £70,000

2

-

£90,001 - £100,000

2

1

4

1

Key management:

Key management personnel are considered to be the Senior Management Team. In the year to 31 March 2025 they received total aggregate employee benefits, including pension contributions, of £234,868 (2024: £112,006).

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

funds

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Charitable activities

2,870,581

EXPENDITURE ON

Charitable activities

Charitable activities

2,477,091

NET INCOME

393,490

RECONCILIATION OF FUNDS

Total funds brought forward

1,292,722

TOTAL FUNDS CARRIED FORWARD

1,686,212

9.	REFURBISHMENT COSTS

The charity has historically treated some refurbishment costs as an expense rather than a fixed asset. This accounting policy is due to the Trustees' assessment that the related work performed is short-term in nature, primarily due to recurring damage caused by service users.

However, some costs in this and in prior years could be potentially better classified as improvements and consideration is being given to whether an expert review is required to identify costs which in fact have an enduring benefit.

10.	TANGIBLE FIXED ASSETS

Freehold

Motor

Office

property

Caravan

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

525,000

28,800

55,110

-

608,910

Additions

163,386

23,972

-

24,582

211,940

Disposals

-

-

(13,710

)

-

(13,710

)

At 31 March 2025

688,386

52,772

41,400

24,582

807,140

DEPRECIATION

At 1 April 2024

-

9,600

41,110

-

50,710

Charge for year

-

10,266

7,000

-

17,266

Eliminated on disposal

-

-

(13,710

)

-

(13,710

)

At 31 March 2025

-

19,866

34,400

-

54,266

NET BOOK VALUE

At 31 March 2025

688,386

32,906

7,000

24,582

752,874

At 31 March 2024

525,000

19,200

14,000

-

558,200

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

627,324

489,260

Prepayments and accrued income

2,771

12,344

630,095

501,604

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

554,580

305,458

Other creditors

3,653

3,654

Accrued expenses

136,860

22,788

695,093

331,900

13.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.25

£

£

£

£

Unrestricted funds

General fund

1,686,212

277,535

(752,875

)

1,210,872

Fixed asset reserve

-

-

752,875

752,875

1,686,212

277,535

-

1,963,747

TOTAL FUNDS

1,686,212

277,535

-

1,963,747

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

3,103,350

(2,825,815

)

277,535

TOTAL FUNDS

3,103,350

(2,825,815

)

277,535

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

1,292,722

393,490

1,686,212

TOTAL FUNDS

1,292,722

393,490

1,686,212

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

2,870,581

(2,477,091

)

393,490

TOTAL FUNDS

2,870,581

(2,477,091

)

393,490

14.	RELATED PARTY DISCLOSURES

Cora Foundation and St Philip's are considered related parties of Arisaig Unit because they have trustees in common. Balances and transactions between these parties are detailed below.

At 31 March 2025 Arisaig Unit owed Cora Foundation £115,039 (31 March 2024: £108,191) in respect of management charges.

At 31 March 2025 Arisaig Unit owed St Philip's £554,580 (31 March 2024: £196,539) in respect of expenditure incurred by St Philip's on behalf of Arisaig Unit.

Transactions during the year with related organisations were:

Year to 31.03.25

Year to 31.03.24

Name

Transactions

Amount paid/(received) £

Amount paid/(received) £

Cora Foundation

Management fee

115,039

108,191

St Philip's

Recharge of expenditure

2,764,869

2,253,959

Contribution to costs

100,000

100,000

Rent - Blackwood Manor

72,000

67,956