Highland Perthshire Communities Partnership Charity Accounts

COMPANY REGISTRATION NUMBER: SC172194

CHARITY REGISTRATION NUMBER: SC041120

Highland Perthshire Communities Partnership

Company Limited by Guarantee

Unaudited Financial Statements

For the year ended

31 March 2025

Highland Perthshire Communities Partnership

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

	Page

Trustees' annual report (incorporating the directors' report)	1

Independent examiner's report to the trustees	3

Statement of financial activities (including income and expenditure account)	5

Statement of financial position	6

Notes to the financial statements	7

Highland Perthshire Communities Partnership

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors' Report)

Year ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025 .

Reference and administrative details

Registered charity name	Highland Perthshire Communities Partnership

Charity registration number	SC041120

Company registration number	SC172194

Principal office and registered	51 Atholl Road
office	Pitlochry
	Perthshire
	PH16 5BU

The trustees

	Mr G K Huggins
	Ms K Howie
	Mr P M Hounam
	Mr J L Grant

Independent examiner	John McKeith C A
	26/30 Bonnethill Road
	Pitlochry
	PH16 5BS

Structure, governance and management

Highland Perthshire Communities Partnership is an incorporated association under the Companies Act 2006 and is registered as a Scottish charity.

New trustees are appointed by the current members of the board. No formal policy exists for the appointment, induction and training of trustees.

Objectives and activities

Within the overall concept of the Scottish Office's initiative to encourage the formation of Local Rural Partnerships, Highland Perthshire Communities Partnership also seeks to encourage and assist local community groups in promoting and evaluating their own project proposals and, where appropriate, to assist with sourcing funding support.

The development of the Pitlochry Recreation Ground is one such project that HPCP in collaboration with Perth & Kinross Council are working on.

Another is assisting local groups, such as through receiving income and making payments on behalf of new organisations who initially have no bank account.

Achievements and performance

This has been another quiet year for the Charity. The charity deregistered for VAT at the end of January 2024 due to the cessation of taxable supplies, therefore this is the first complete year outside the VAT regime.

Negotiations regarding the renovation of the Pavilion have been restarted and a preliminary agreement has been reached subject to Perth & Kinross Council providing satisfactory funding for the initial renovation. It is hoped to complete this project by 31/12/26.

Heartland FM were in negotiations with Crieff Radio during the year. These resulted in a successful merger of the two in the following year and the relocation of all broadcasting operations to Crieff, thus vacating the Pitlochry premises which in turn meant the end of HPCP hosting the operation and so relinquishing the lease at 26 Atholl Rd.

The other main activity has been in supporting the Heartland Music Festival by assisting in their fundraising campaign, which has proved very successful and resulted in a very popular and well attended event.

Financial review

The Charity continues to be supported by its Trustees who agree to support any shortfall in its finances. There are no significant outstanding debts, with the exception of the SSE charges which are in dispute. The initial claim of £26,237.29 has already been reduced to £10,085.33. Our estimation is for it to be around £5K which the Trustees have agreed to finance.

The total income for the year was £ 14,130 (2024: £17,215), of which £13,130 was donations and £1,000 was rent received.

Expenditure was a total of £7,555 for the year (2024: £44,412). The most significant expense was £10,038 for rent of the Atholl Road premises. This was paid up to January 2025, after which a rent-free period applied. The remaining expenses, other than heat and light, were at similar levels to the previous year except that accountancy fees reduced with the removal of the need to file VAT returns. As already stated, the electricity bills are still in dispute but the debt as recognised by SSE has much reduced since last year. The reduced liability has been recognised in the current year's accounts as a write-back of the original expense recognised in the 2024 accounts, therefore a negative charge is shown in the current year. The depreciation charge continues to be applied to write-down the remaining net book value of the fixed assets. The greater part of this charge applies to assets purchased with restricted funds.

The result for the year was a surplus of £6,575 (2024: deficit of £27,197). At the year end, total funds were in deficit by £2,129 (2024: £8,703 deficit) which comprises a deficit of £7,925 on unrestricted funds and a surplus of £5,796 on restricted funds. Restricted funds include a £4,951 deficit on one fund. The funds deficits require further income to resolve, which is hoped will be addressed by successful new projects in the future.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report (incorporating the directors' report) was approved on 23 December 2025 and signed on behalf of the board of trustees by:

Mr G K Huggins

Trustee

Highland Perthshire Communities Partnership

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Highland Perthshire Communities Partnership

Year ended 31 March 2025

I report to the trustees on my examination of the financial statements of Highland Perthshire Communities Partnership ('the charity') for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (‘the 2005 Act’), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

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 the charity’s accounts carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Independent examiner's statement

Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS which is one of the listed bodies.

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 charity as required by section 386 of the 2006 Act, section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; or

2. the financial statements do not accord with those records or with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006; or

3. the financial statements 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 financial statements 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.

John McKeith C A Independent Examiner

26/30 Bonnethill Road Pitlochry PH16 5BS

23 December 2025

Highland Perthshire Communities Partnership

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2025

	2025			2024
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	13,130	–	13,130	6,215
Other income	6	1,000	–	1,000	11,000
		--------	----	--------	--------
Total income		14,130	–	14,130	17,215
		--------	----	--------	--------

Expenditure

Expenditure on charitable activities	7,8	1,227	6,329	7,555	44,037
Other expenditure	10	–	–	–	375
		--------	-------	--------	--------
Total expenditure		1,227	6,329	7,555	44,412
		--------	-------	--------	--------

	--------	-------	--------	--------
Net income/(expenditure) and net movement in funds	12,903	( 6,329)	6,575	( 27,197)
	--------	-------	--------	--------

Reconciliation of funds

Total funds brought forward	( 20,828)	12,125	( 8,703)	18,495
	--------	--------	--------	--------
Total funds carried forward	( 7,925)	5,796	( 2,129)	( 8,703)
	--------	--------	--------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Highland Perthshire Communities Partnership

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible fixed assets	15		10,841	17,215

Current assets

Debtors	16	30	1,445
Cash at bank and in hand		210	94
		----	-------
		240	1,539

Creditors: amounts falling due within one year	17	13,209		27,456
		--------		--------
Net current liabilities			12,969	25,917
			--------	--------
Total assets less current liabilities			( 2,128)	( 8,702)
			-------	-------
Net liabilities			( 2,128)	( 8,702)
			-------	-------

Funds of the charity

Restricted funds		5,796	12,125
Unrestricted funds		( 7,925)	( 20,828)
		-------	--------
Total charity funds	18	( 2,129)	( 8,703)
		-------	--------

For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr G K Huggins

Trustee

Highland Perthshire Communities Partnership

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland and a registered charity in Scotland. The address of the registered office is 51 Atholl Road, Pitlochry, Perthshire, PH16 5BU.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis

Going concern

The balance sheet deficit has resulted from a backlog of electricity charges not previously recognised. The trustees hope to renegotiate this debt, which would return the balance sheet to a positive position.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees believe the charity's accounts are relatively straight forward and as a result there were no judgements, estimates or assumptions that on their own had a significant effect on the financial statements.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Restricted funds are subject to restrictions on their expenditure imposed by the donor.

Incoming resources

Income All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. - Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. - Income from membership subscriptions is included when receivable. - Income from charitable trading activities is accounted for when earned. This consists mainly of income from broadband services, which is recognised when invoiced for initial set-up costs and monthly thereafter on the due date in the case of ongoing services. - Income from property letting is recognised on the dates receivable.

Resources expended

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. The bases of apportionment of support costs between activities are detailed in the relevant note.

- Governance costs include all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. These are costs which arise from the administrative activities within the charity. They are shown as a separate category of support costs within the notes to the accounts and are not apportioned between activities.

- Other expenditure includes any expenditure which cannot be included within the above categories due to exceptional size or incidence.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date .

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Cash and cash equivalents

Cash and cash equivalents consist of deposits held at call with banks.

4. Limited by guarantee

The company is limited by guarantee. The liability of each guarantor in the event of a winding up is limited to £1.

5. Donations and legacies

Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

Donations	13,130	13,130	6,215	6,215
	--------	--------	-------	-------

6. Other income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Sublet property income	1,000	1,000	11,000	11,000
	-------	-------	--------	--------

7. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Community projects	1,100	–	1,100
Community broadband	2,157	6,329	8,485
Property letting	128	–	128
Support costs	(2,158)	–	(2,158)
	-------	-------	-------
	1,227	6,329	7,555
	-------	-------	-------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Community projects	1,100	–	1,100
Community broadband	2,581	6,329	8,909
Property letting	–	–	–
Support costs	34,028	–	34,028
	--------	-------	--------
	37,709	6,329	44,037
	--------	-------	--------

8. Expenditure on charitable activities by activity type

Support costs consist of costs which cannot be identified directly with a particular charitable activity but which must be apportioned on bases which reflect the proportionate degrees of use of resources by the various activities.

Office space was formally subleased to the Heartland Radio Foundation and this letting activity comprises one of the charitable activities between which shared costs are apportioned. Apportionment also attempts to recognise the small use made of office facilities by the community projects side of the charity.

The rent expense is allocated on the basis of floor area. Apportionment is 5%, 20%, and 75% to community, broadband and let property, respectively. Office insurance is apportioned according to insured values as 5%, 40%, and 55% to community projects, broadband and let property, respectively.

The electricity cost is apportioned on the basis of estimated usage. The radio studio has a large power requirement which has been estimated at 74% of the total cost. The remainder is split 5%/21% to community projects and broadband, respectively.

Governance costs are allocated entirely to the broadband activity. It is felt that any expenditure attributable to the other activities would be immaterial.

	Activities undertaken directly	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Community projects	1,100	(176)	924	2,647
Community broadband	8,485	(840)	7,645	15,310
Property letting	128	(2,510)	(2,382)	22,991
Governance costs	–	1,368	1,368	3,089
	-------	-------	-------	--------
	9,713	( 2,158)	7,555	44,037
	-------	-------	-------	--------

9. Analysis of support costs

	Community projects	Broadband	Property letting	Total 2025	Total 2024
	£	£	£	£	£
Premises	(176)	(840)	(2,510)	(3,526)	30,939
Governance costs	–	1,368	–	1,368	3,089
	----	-------	-------	-------	--------
	(176)	528	(2,510)	(2,158)	34,028
	----	-------	-------	-------	--------

10. Other expenditure

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Penalties and interest	–	–	375	375
	----	----	----	----

11. Net income/(expenditure)

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

	2025	2024
	£	£
Depreciation of tangible fixed assets	6,374	6,374
	-------	-------

12. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	1,200	2,620
	-------	-------

13. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

14. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity were received by the trustees (2024: Nil).

No trustee expenses have been incurred (2024: Nil).

15. Tangible fixed assets

	Equipment	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	124,630	124,630
	---------	---------
Depreciation
At 1 April 2024	107,415	107,415
Charge for the year	6,374	6,374
	---------	---------
At 31 March 2025	113,789	113,789
	---------	---------
Carrying amount
At 31 March 2025	10,841	10,841
	---------	---------
At 31 March 2024	17,215	17,215
	---------	---------

16. Debtors

	2025	2024
	£	£
Prepayments and accrued income	–	1,369
Other debtors	30	76
	----	-------
	30	1,445
	----	-------

17. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	11,955	26,204
Social security and other taxes	2	–
Other creditors	1,252	1,252
	--------	--------
	13,209	27,456
	--------	--------

18. Analysis of charitable funds

Unrestricted funds

	At 1 April 2024	Income	Expenditure	At 31 March 2025
	£	£	£	£
General funds	(20,828)	14,130	(1,227)	(7,925)
	--------	--------	-------	-------

	At 1 April 2023	Income	Expenditure	At 31 March 2024
	£	£	£	£
General funds	41	17,215	(38,084)	(20,828)
	----	--------	--------	--------

Restricted funds

	At 1 April 2024	Income	Expenditure	At 31 March 2025
	£	£	£	£
General projects fund	(4,951)	–	–	(4,951)
Broadband construction and development fund	17,076	–	(6,329)	10,747
	--------	----	-------	--------
	12,125	–	(6,329)	5,796
	--------	----	-------	--------

	At 1 April 2023	Income	Expenditure	At 31 March 2024
	£	£	£	£
General projects fund	(4,951)	–	–	(4,951)
Broadband construction and development fund	23,405	–	(6,329)	17,076
	--------	----	-------	--------
	18,454	–	(6,329)	12,125
	--------	----	-------	--------

The general fund was established for application to the costs of general development projects throughout the community. A deficit of £4,951 from earlier years will be carried forward until sufficient unrestricted funds are available to clear the balance.

The broadband funds represent the net book value of the broadband system financed with these funds.

19. Analysis of net assets between funds

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Tangible fixed assets	94	10,747	10,841
Current assets	5,190	(4,951)	239
Creditors less than 1 year	(13,209)	–	(13,209)
	--------	--------	--------
Net liabilities	(7,925)	5,796	(2,129)
	--------	--------	--------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Tangible fixed assets	139	17,076	17,215
Current assets	6,489	(4,951)	1,538
Creditors less than 1 year	(27,456)	–	(27,456)
	--------	--------	--------
Net liabilities	(20,828)	12,125	(8,703)
	--------	--------	--------

20. Related parties

Donations received from Mr G Huggins, trustee , during the year amounted to £ 12,800 (2024: £ 6,200 ).