REGISTERED COMPANY NUMBER: SC374260 (Scotland)

REGISTERED CHARITY NUMBER: SC046321

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

URRAS SGIRE OIGHREACHD BHARABHAIS

COMMUNITY 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

17

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

To manage community land and associated assets for the benefit of the Community and the public in general;

To provide, or assist in providing, recreational facilities, and/or organising recreational activities, which will be available to members of the Community and public at large with the object of improving the conditions of life of the Community;

To advance community development, including urban or rural regeneration within the Community;

To advance the education of the Community about its environment, culture, heritage and/or history;

To advance environmental protection or improvement 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.

Significant activities

The charity took ownership of Barvas Estate on behalf of the community in April 2016. Funding towards the capital costs came from the Scottish Land Fund, HIE and Comhairle nan Eilean Siar.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The charity's main activities during year were managing the Estate and assets on behalf of the community.

FINANCIAL REVIEW

Financial position

During the year, the charity's income exceeded expenditure resulting in net income of £4,798 for the period (2024 - net expenditure of £102,083). This represents an increase of £11,705 in unrestricted funds and a decrease of £6,907 in restricted funds. As a result, unrestricted funds have increased to £257,366 (2024 - £245,661) and restricted funds have decreased to £716,330 (2024 - £723,237). Total funds of £973,696 were held at year-end (2024 - £968,898).

Unrestricted funds includes designated funds of £9,028 relating to funds set aside by the charity for grant awards. After making allowance for these funds, unrestricted free reserves of £248,338 were held at year-end (2024 - £233,086).

Principal funding sources

The rental and estate income generated from assets owned by the charity funds its operational costs. Full details of the charity's principal funding sources are included in the notes to the financial statements.

Reserves policy

The general fund represents the unrestricted funds from past operating results. It also represents the free reserves of the charity. The trustees have examined the charity's requirements for reserves in light of the main risks to the charity. The present level of reserves has been built up over the years through donations and estate income and would allow the charity to continue to operate in the event of an interruption in its income streams and cover any unforeseen or emergency estate expenditure. Funds are also raised for specific projects as required.

FUTURE PLANS

The charity's main objectives for the forthcoming year will be managing the Estate and assets on behalf of the community and improving the quality of life for all residents and crofters on the Estate.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 5 March 2010 and registered as a charity with effect from 5 February 2016. 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

The directors of the company are also charity trustees for the purposes of charity law.

Under the terms of the Memorandum and Articles of Association the Elected Directors are appointed by the whole body of members at the Annual General Meeting. One third of the Elected Directors must retire by rotation at each Annual General Meeting. The Board may also co-opt up to three individuals as members of the Board who can serve up until the next AGM.

Organisational structure

The board consists of voluntary directors who manage the affairs of the charity through regular board meetings. The day to day management of the Trust is the responsibility of the Business Manager. The charity has reviewed its internal operational structure to assist in the effective management of the organisation.

Induction and training of new trustees

The charity undertakes training for trustees to ensure awareness and understanding of:-

- the responsibilities of directors;

- the organisational structure of the charity;

- the financial position of the charity; and

- the future plans and objectives of the charity.

Related parties

In March 2016 the charity set up a wholly owned subsidiary company, Urras Bharabhais (Trading) Limited for property management. Full details of the charity's subsidiary are included in the notes to the financial statements.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the charity, and are satisfied that systems are in place to mitigate their exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC374260 (Scotland)

Registered Charity number

SC046321

Registered office

Ionad na Seann Sgoil

North Shawbost

Isle of Lewis

HS2 9BQ

Trustees

D Macmillan

L Maciver

K J Macleod

J Craig

E Macleod

N M Mackay (resigned 7.11.24)

C Fisher (resigned 8.7.24)

D Macrae (appointed 7.11.24)

Business Manager

Ivan Brown

Company Secretary

J Craig

Independent Examiner

John E Moffat BA FCA

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

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 10 November 2025 and signed on its behalf by:

D Macmillan - Trustee

I report on the accounts for the year ended 31 March 2025 set out on pages five to seventeen.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

(1)	which gives me reasonable cause to believe that, in any material respect, the requirements

-	to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

-	to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2)	to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

John E Moffat BA FCA

The Institute of Chartered Accountants in England and Wales

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

26 November 2025

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3

-

500

500

367

Charitable activities

5

Land management

66,143

2,000

68,143

45,738

Investment income

4

2,471

-

2,471

1,514

Total

68,614

2,500

71,114

47,619

EXPENDITURE ON

Charitable activities

6

Land management

56,909

9,407

66,316

149,702

NET INCOME/(EXPENDITURE)

11,705

(6,907

)

4,798

(102,083

)

RECONCILIATION OF FUNDS

Total funds brought forward

245,661

723,237

968,898

1,070,981

TOTAL FUNDS CARRIED FORWARD

257,366

716,330

973,696

968,898

31.3.25

31.3.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

13

175

378,789

378,964

388,038

Investments

14

100

320,000

320,100

320,100

275

698,789

699,064

708,138

CURRENT ASSETS

Debtors

15

963

-

963

1,065

Cash at bank

259,759

17,541

277,300

262,229

260,722

17,541

278,263

263,294

CREDITORS

Amounts falling due within one year

16

(3,631

)

-

(3,631

)

(2,534

)

NET CURRENT ASSETS

257,091

17,541

274,632

260,760

TOTAL ASSETS LESS CURRENT LIABILITIES

257,366

716,330

973,696

968,898

NET ASSETS

257,366

716,330

973,696

968,898

FUNDS

17

Unrestricted funds

257,366

245,661

Restricted funds

716,330

723,237

TOTAL FUNDS

973,696

968,898

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 10 November 2025 and were signed on its behalf by:

D Macmillan - Trustee

1.	STATUTORY INFORMATION

Urras Sgire Oighreachd Bharabhais Community Company is a private charitable company, limited by guarantee, registered in Scotland. The charitable company's registered number and registered office address can be found in the Report of the Trustees.

2.	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.

The financial statements are prepared in sterling which is the functional currency of the charity and amounts are rounded to the nearest £.

Going concern

The activities of the charity have been affected by the impact of the COVID-19 pandemic and the trustees have assessed the charity's ability to continue as a going concern.

The management team have prepared projections which reflect the financial impact of the coronavirus crisis on the charity. The trustees have reviewed the projections and, based on this review, have a reasonable expectation that the charity has adequate resources to continue in operation for a period of at least 12 months from the approval of the financial statements. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about Urras Sgire Oighreachd Bharabhais Community Company as an individual charity and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 and Regulation 6 of the Charities Accounts (Scotland) Regulations 2006 (as amended) from the requirement to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions that affect the amounts reported for assets, liabilities, income and expenditure.

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 assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in future periods should it affect future periods.

The estimates and assumptions which carry a higher degree of risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Useful economic lives of tangible fixed assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. They are amended when necessary to reflect current estimates, future investment, economic utilisation and the physical condition of the assets. See note 13 for details of the values of tangible fixed assets.

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. The following specific policies are applied to particular categories of income:-

Grants generated to support the objects of the charity and without further specified purpose are taken to the Statement of Financial Activities in that period. Grants received which are related to capital expenditure or are for a specified purpose are transferred to Restricted Funds and are utilised to fund the future depreciation of the related capital expenditure or fund the costs relating to the specified purpose.

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

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.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its objects and activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees and costs linked to the strategic management of the charity.

Allocation and apportionment of costs

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. estimated usage.

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

-

no depreciation on land

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation.

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.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

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.

Investments

Fixed asset investments in group undertakings are stated at cost less accumulated provision.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

3.	DONATIONS AND LEGACIES

31.3.25

31.3.24

£

£

Donations

500

367

4.	INVESTMENT INCOME

31.3.25

31.3.24

£

£

Deposit account interest

2,471

1,514

5.	INCOME FROM CHARITABLE ACTIVITIES

31.3.25

31.3.24

Activity

£

£

Rental income

Land management

36,765

34,296

Land sales

Land management

6,120

2,965

Royalties

Land management

1,000

-

Access fees

Land management

10,000

-

Grants

Land management

8,776

200

Consultancy work

Land management

-

4,699

Sale of equipment

Land management

2,000

-

Other income

Land management

522

606

Membership fees

Land management

1

13

Employment allowance

Land management

2,959

2,959

68,143

45,738

Grants received, included in the above, are as follows:

31.3.25

31.3.24

£

£

Comhairle nan Eilean Siar - Strategic Community Investment Fund

8,676

-

Scottish Community Tourism

100

200

8,776

200

6.	CHARITABLE ACTIVITIES COSTS

Direct

Support

Costs (see

costs (see

note 7)

note 8)

Totals

£

£

£

Land management

65,380

936

66,316

7.	DIRECT COSTS OF CHARITABLE ACTIVITIES

31.3.25

31.3.24

£

£

Staff costs

34,228

34,228

Rent

2,004

2,004

Insurance

1,235

1,210

Telephone

885

880

Postage and stationery

405

1,499

Advertising

10

620

Website

85

85

Training

189

-

Rabbit Cull

8

-

Legal and professional fees

8,638

5,463

Land management

102

102

Motor and travel expenses

1,740

2,000

Subscriptions

146

121

Meeting expenses

102

67

Conferences

364

223

Recruitment expenses

-

39

Renewables Project

-

900

Peatland Restoration

-

100

General charges

6

18

Bragar Bay Project

-

87,066

Campsite Project

2,112

2,750

USOB Grant Awards

3,547

-

Sponsorship

-

400

Donations

500

-

Depreciation

9,074

9,075

65,380

148,850

8.	SUPPORT COSTS

Governance

costs

£

Land management

936

Support costs, included in the above, are as follows:

31.3.25

31.3.24

Land

Total

management

activities

£

£

Accountancy fees

936

852

9.	NET INCOME/(EXPENDITURE)

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

31.3.25

31.3.24

£

£

Depreciation - owned assets

9,074

9,075

10.	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.

11.	STAFF COSTS

31.3.25

31.3.24

£

£

Wages and salaries

30,540

30,540

Social security costs

2,959

2,959

Other pension costs

729

729

34,228

34,228

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

31.3.25

31.3.24

Development

1

1

No employees received emoluments in excess of £60,000.

12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

318

49

367

Charitable activities

Land management

45,738

-

45,738

Investment income

1,514

-

1,514

Total

47,570

49

47,619

EXPENDITURE ON

Charitable activities

Land management

53,736

95,966

149,702

NET INCOME/(EXPENDITURE)

(6,166

)

(95,917

)

(102,083

)

RECONCILIATION OF FUNDS

Total funds brought forward

251,827

819,154

1,070,981

TOTAL FUNDS CARRIED FORWARD

245,661

723,237

968,898

13.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024 and 31 March 2025

377,765

44,497

1,843

424,105

DEPRECIATION

At 1 April 2024

-

34,574

1,493

36,067

Charge for year

-

8,899

175

9,074

At 31 March 2025

-

43,473

1,668

45,141

NET BOOK VALUE

At 31 March 2025

377,765

1,024

175

378,964

At 31 March 2024

377,765

9,923

350

388,038

14.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

MARKET VALUE

At 1 April 2024 and 31 March 2025

320,100

NET BOOK VALUE

At 31 March 2025

320,100

At 31 March 2024

320,100

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Urras Bharabhais (Trading) Limited - Company number SC530992

Registered office: Ionad na Seann Sgoil, North Shawbost, Isle of Lewis, HS2 9BQ

Nature of business: Property management

%

Class of share:

holding

Ordinary

100

31.3.25

31.3.24

£

£

Aggregate capital and reserves

272,835

280,418

Loss for the year

(7,583

)

(7,549

)

15.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

833

979

Amounts owed by group undertakings

42

-

Prepayments

88

86

963

1,065