Company registration number SC240354 (Scotland)
Charity registration number SC033839 (Scotland)
AN TALLA LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
AN TALLA LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Susan Shepherd
J R Bottomley
A R Campbell
E Hayes
C Macarthur
K Mackinnon
M Mackinnon
(Appointed 30 September 2024)
A G Shand
(Appointed 30 September 2024)
Secretary
Susan Shepherd
Country of incorporation
United Kingdom
SC240354
(Scotland)
Charity registrations
England and Wales
Scotland
SC033839
Registered office
An Talla Ltd
The Island Centre
Crossapol
Isle of Tiree
Argyll
United Kingdom
PA77 6UP
AN TALLA LIMITED
CONTENTS
Page
Trustees' report
1 - 2
Accountants' report
3
Statement of financial activities
4
Summary income and expenditure account
5
Balance sheet
6
Notes to the financial statements
7 - 16
AN TALLA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 31 August 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's governing document, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

The results for the year are set out on pages 4 - 6

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake.

Achievements and performance
Significant activities and achievements against objectives

An Talla has been well used throughout the year with major events taking place:

September - Island Book Trust Conference on Balephuil, and the Sea Change Film Festival.

October – The Wave Classic Windsurfing Competition was based in the hall.

November – The Parties Christmas Fair.

December – Christmas Parties for young and old, also with successful Hogmanay Party.

In January the Tiree Gym opened in the rear storage area and has also rented space for the spin classes and weights training, in the small and large halls.

Springtime saw the Easter Fair and Whist Drives raising funds for An Talla.

In July, An Talla was used for and extended period to host the Tiree Music Festival.

A car treasure hunt in July and Summer Fair in August concluded the year.

The hall has also been used on a regular basis by many Island groups, including youth Clubs, Patchwork, Bingo, and Lego club.

In June the An Talla Office was let to Island Care Services on a 6 Month lease.

During the year a new storage container was purchased, and three external doors have been replaced.

At the end of the year plans were being made to replace the heating system with Infra-red heaters.

The 500 club has been a helpful source of income to cover the increasing running and maintenance costs.

The Directors extend their thanks to the devoted group of An Talla volunteers who help to organize and staff events and carry out some of the maintenance work.

Alison Campbell

Chair

An Talla Ltd

In the new year we increased our hire charges after a good number of years and because a fire sadly destroyed the Baptist Church we are having extra bookings. So this year is looking better than the year you are reporting on.

Financial review
Reserves policy

It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

AN TALLA LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
Structure, governance and management

An Talla Limited is a charitable company limited by shares. The shares are all owned by Tiree community Business Ltd who hold all the issued share capital and therefore have a controlling interest.

The trustees who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Susan Shepherd
J R Bottomley
A R Campbell
E Hayes
C Macarthur
K Mackinnon
M Mackinnon
(Appointed 30 September 2024)
A G Shand
(Appointed 30 September 2024)
Recruitment and appointment of trustees

None of the t rustees have any beneficial interest in the company

The company's current policy concerning the payment of trade creditors is to:

- settle the terms of payment with suppliers when agreeing the terms of each transaction;

- ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and

- pay in accordance with the company's contractual and other legal obligations.

The trustees' r eport was approved by the Board of trustees.

A R Campbell
Trustee
31 August 2025
AN TALLA LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AN TALLA LIMITED FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of An Talla Limited for the year ended 31 August 2025, which comprise the statement of financial activities, the summary income and expenditure account and the related notes from the charity’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of An Talla Limited and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than An Talla Limited and the charity's trustees as a body, for our work or for this report.

It is your duty to ensure that An Talla Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of An Talla Limited. You consider that An Talla Limited is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.

We have not been instructed to carry out an audit or a review of the financial statements of An Talla Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Chartered Accountants
8 April 2026
AN TALLA LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
funds
funds
funds
2025
2025
2025
2025
2024
2024
2024
2024
Notes
£
£
£
£
£
£
£
£
Income from:
Donations and legacies
3
1,083
-
-
1,083
300
-
-
300
Charitable activities
4
29,987
-
-
29,987
16,208
-
-
16,208
Other trading activities
5
14,122
-
-
14,122
3,019
-
-
3,019
Investments
6
463
-
-
463
219
-
-
219
Total income
45,655
-
-
45,655
19,746
-
-
19,746
Expenditure on:
Raising funds
7
1,191
164
35,054
36,409
509
192
35,196
35,897
Charitable activities
8
27,352
-
-
27,352
18,603
-
-
18,603
Total expenditure
28,543
164
35,054
63,761
19,112
192
35,196
54,500
Net income/(expenditure) and movement in funds
17,112
(164)
(35,054)
(18,106)
634
(192)
(35,196)
(34,754)
Reconciliation of funds:
Fund balances at 1 September 2024
73,852
1,061
108,096
183,009
73,218
1,253
143,292
217,763
Fund balances at 31 August 2025
90,964
897
73,042
164,903
73,852
1,061
108,096
183,009
AN TALLA LIMITED
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
All income funds
2025
2024
£
£
Gross income
45,655
19,746
Total expenditure from income funds
28,707
19,304
Net income for the year
16,948
442
AN TALLA LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 6 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
13
86,990
118,335
Current assets
Stocks
14
2,000
2,000
Cash at bank and in hand
77,053
63,274
79,053
65,274
Creditors: amounts falling due within one year
15
(1,140)
(600)
Net current assets
77,913
64,674
Total assets less current liabilities
164,903
183,009
The funds of the Trust
Share capital
16
100
100
Endowment funds
17
73,042
108,096
Restricted income funds
18
897
1,061
Unrestricted funds
19
90,864
73,752
164,903
183,009

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board on 8 April 2026
A R Campbell
Trustee
Company registration number SC240354 (Scotland)
AN TALLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
1
Accounting policies
Charity information

An Talla Limited is a private company limited by shares incorporated in Scotland. The registered office is An Talla Ltd, The Island Centre, Crossapol, Isle of Tiree, Argyll, PA77 6UP, United Kingdom.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the Trust's governing document, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The Trust is a Public Benefit Entity as defined by FRS 102.

The Trust has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Trust.
1.4
Income
Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
AN TALLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 8 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
20 year S/L
Improve
20 year S/L
Plant and equipment
15% RB
Fixtures and fittings
15% RB
Computers
25% RB

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

AN TALLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 9 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Trust’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the Trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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 underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
1,083
300
AN TALLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 10 -
4
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Hall
Other income
29,987
16,208
5
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising
14,122
3,019
6
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
463
219
AN TALLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 11 -
7
Expenditure on raising funds
Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
funds
funds
funds
2025
2025
2025
2025
2024
2024
2024
2024
£
£
£
£
£
£
£
£
Fundraising and publicity
Depreciation and impairment
-
164
35,054
35,218
-
192
35,196
35,388
Trading costs
Depreciation and impairment
1,191
-
-
1,191
509
-
-
509
Total costs
1,191
164
35,054
36,409
509
192
35,196
35,897
AN TALLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 12 -
8
Expenditure on charitable activities
Hall
Hall
2025
2024
£
£
Direct costs
Sundry
5,679
1,966
IT
-
240
Repairs & Main
15,603
9,819
Admin/phone
647
459
Rates
614
404
Heat & Light
275
1,341
Insurance
3,994
3,834
Accountancy
540
540
27,352
18,603
Analysis by fund
Unrestricted funds
27,352
18,603
9
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
36,409
35,897
10
Trustees

Alison Campbell (trustee) receive s remuneration for cleaning services.

Also Ian Shepherd, husband of Sue Shepherd, who is a Trustee, does receive payment for a couple of hours each week in respect of handyman duties attending to Hall maintenance.

11
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
0
0
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

There was no remuneration of Key management personnel during the year.

12
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

AN TALLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 13 -
13
Tangible fixed assets
Freehold land and buildings
Improve
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
£
Cost
At 1 September 2024
685,053
6,335
47,569
81,015
2,814
822,786
Additions
-
-
5,064
-
-
5,064
At 31 August 2025
685,053
6,335
52,633
81,015
2,814
827,850
Depreciation and impairment
At 1 September 2024
582,301
-
43,423
76,000
2,727
704,451
Depreciation charged in the year
34,253
-
1,382
752
22
36,409
At 31 August 2025
616,554
-
44,805
76,752
2,749
740,860
Carrying amount
At 31 August 2025
68,499
6,335
7,828
4,263
65
86,990
At 31 August 2024
102,752
6,335
4,146
5,015
87
118,335
14
Stocks
2025
2024
£
£
Raw materials and consumables
2,000
2,000
15
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,140
600
16
Share capital
2025
2024
£
£
Ordinary share capital
Authorised
100
100
Issued and fully paid
100
100
AN TALLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 14 -
17
Endowment funds

Endowment funds represent assets which must be held permanently by the Trust. Income arising on the endowment funds can be used in accordance with the objects of the Trust and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

At 1 September 2024
Resources expended
At 31 August 2025
£
£
£
Permanent endowments
108,096
(35,054)
73,042
Previous year:
At 1 September 2023
Resources expended
At 31 August 2024
£
£
£
Permanent endowments
143,292
(35,196)
108,096
18
Restricted funds

The restricted funds of the charity compri se the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be use d.

At 1 September 2024
Resources expended
At 31 August 2025
£
£
£
1,061
(164)
897
Previous year:
At 1 September 2023
Resources expended
At 31 August 2024
£
£
£
1,253
(192)
1,061
AN TALLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 15 -
19
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 September 2024
Incoming resources
Resources expended
At 31 August 2025
£
£
£
£
General funds
73,752
45,655
(28,543)
90,864
Previous year:
At 1 September 2023
Incoming resources
Resources expended
At 31 August 2024
£
£
£
£
General funds
73,118
19,746
(19,112)
73,752
20
Analysis of net assets between funds
Unrestricted
Material
Restricted
Endowment
Total
funds
funds
funds
funds
Heading #ac997
2025
2025
2025
2025
2025
£
£
£
£
£
At 31 August 2025:
Tangible assets
86,990
-
-
-
86,990
Current assets/(liabilities)
77,913
-
-
-
77,913
164,903
-
-
-
164,903
AN TALLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
20
Analysis of net assets between funds
(Continued)
- 16 -
Unrestricted
Restricted
Endowment
Total
funds
funds
funds
2024
2024
2024
2024
2024
£
£
£
£
£
At 31 August 2024:
Tangible assets
15,583
-
-
102,752
118,335
Current assets/(liabilities)
58,269
-
1,061
5,344
64,674
73,852
-
1,061
108,096
183,009
21
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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