REGISTERED COMPANY NUMBER: SC319675 (Scotland)

REGISTERED CHARITY NUMBER: SC041233

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Beinn Tharsuinn

Windfarm Community Limited

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

10

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 principal aim of the company is to provide or assist in the provision of finance to community groups which must benefit the community within a 15km radius fo the Beinn Tharsuinn Windfarm, and which must demonstrate community support and long-term sustainability.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During 2024/25 the company continued to assist community groups in the area in their charitable purposes, distributing grants totalling £103,697 (2024 - £134,042).

FINANCIAL REVIEW

Reserves policy

The company derives its funds from grants received from power generation from the Beinn Tharsuinn Windfarm.

The directors have established a policy whereby sufficient unrestricted funds are held to cover any short-term requirements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The governing documents of the company are the Memorandum and Articles of Association of the Company, which was incorporated on 27th March 2007.

Beinn Tharsuinn Windfarm Community Limited is a company limited by guarantee of £1 per member, and has no share capital. The company obtained charitable status on 1st February 2010.

The company is limited by guarantee, and, therefore, no director has an interest in the company.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC319675 (Scotland)

Registered Charity number

SC041233

Registered office

Highland Council Office

Drummuie

Golspie

Sutherland

KW10 6TA

Trustees

P Allen

R J W Mercer (resigned 15.5.24)

G Amos (resigned 31.8.24)

M A S Brown

Ms M Stirling

J M Edmondson (resigned 2.12.24)

N J Macdonald

Mrs R M Fenton (resigned 11.6.24)

E P Mcgarrity

J D McHardy (appointed 11.6.24)

A J Hope

Ms E S Forbes (appointed 5.3.25)

S R Vetters (appointed 5.3.25)

A F Mohan (appointed 31.8.24)

Company Secretary

P J Tomalin

Independent Examiner

Marcus D MacIver

Mackay & Co

Chartered Accountants

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

Approved by order of the board of trustees on 12 August 2025 and signed on its behalf by:

P J Tomalin - Secretary

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

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.

Marcus D MacIver

The Institute of Chartered Accountants of Scotland

Mackay & Co

Chartered Accountants

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

12 August 2025

31.3.25

31.3.24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

169,615

125,137

EXPENDITURE ON

Charitable activities

Provision of finance

104,097

134,465

NET INCOME/(EXPENDITURE)

65,518

(9,328

)

RECONCILIATION OF FUNDS

Total funds brought forward

459,699

469,027

TOTAL FUNDS CARRIED FORWARD

525,217

459,699

31.3.25

31.3.24

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Debtors

4

585,255

460,937

CREDITORS

Amounts falling due within one year

5

(60,038

)

(1,238

)

NET CURRENT ASSETS

525,217

459,699

TOTAL ASSETS LESS CURRENT LIABILITIES

525,217

459,699

NET ASSETS/(LIABILITIES)

525,217

459,699

FUNDS

6

Unrestricted funds

525,217

459,699

TOTAL FUNDS

525,217

459,699

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 12 August 2025 and were signed on its behalf by:

T D Anderson - 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

All funds are unrestricted and as such can be used in accordance with the charitable objectives at the discretion of the trustees.

2.	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.

3.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

125,137

EXPENDITURE ON

Charitable activities

Provision of finance

134,465

NET INCOME/(EXPENDITURE)

(9,328

)

RECONCILIATION OF FUNDS

Total funds brought forward

469,027

TOTAL FUNDS CARRIED FORWARD

459,699

4.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Funds held in Highland Council Loans Fund

585,255

460,937

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Accrued expenses

60,038

1,238

6.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

459,699

65,518

525,217

TOTAL FUNDS

459,699

65,518

525,217

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

169,615

(104,097

)

65,518

TOTAL FUNDS

169,615

(104,097

)

65,518

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

469,027

(9,328

)

459,699

TOTAL FUNDS

469,027

(9,328

)

459,699

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

125,137

(134,465

)

(9,328

)

TOTAL FUNDS

125,137

(134,465

)

(9,328

)

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

Net

movement

At

At 1.4.23

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

469,027

56,190

525,217

TOTAL FUNDS

469,027

56,190

525,217

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

294,752

(238,562

)

56,190

TOTAL FUNDS

294,752

(238,562

)

56,190

7.	RELATED PARTY DISCLOSURES

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