REGISTERED COMPANY NUMBER: SC381507 (Scotland)

REGISTERED CHARITY NUMBER: SC42007

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Elphin, Ledmore & Knockan Community

Association Limited

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

13

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 December 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 acquire the old Assynt Primary School and its associated land in Elphin and to convert and operate it as a community centre for the use of full and part-time residents of the townships of Elphin, Kockan, Ledmore, Lyne and Benmore and their neighbourhood in the Highland Council area of Scotland without distinction of age, race, or sex, or political, religious or other opinions, including:

i) Use for the social welfare if the local community and meetings, lectures, exhibitions, classes and other forms of recreation and leisure time occupation and arts and literature;

ii) encourage training and advancement of education;

iii) the promotion of agriculture, fishing, industry, tourism and commerce among the local community;

iv) encourage the study, understanding and exposition of the Assynt region's history, culture, natural history, geology and geography;

v) use as a polling station;

vi) any other purpose that may reasonably be regarded as analogous to any of the preceding purposes.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Here are the activities of ELKCAL and the hall for 2025

The season began with an Open Jam Music Session in April which was a huge success.

ELKCAL’s summer events kicked off with the Elphin Midsummer Country Fayre in June which

was a great day with lots of activities to get everyone going. The activities were entertaining to the

locals, visitors and participants alike.

The Craft and Food Markets started up again in April on a weekly basis and most weeks had a full

uptake of tables. All in all, it was a good year for the stall holders and as such extended well into

October again.

The craft group made good use of the hall through out the year.

We had a day of general maintenance with painting and other small repairs. Work has been done on installing new heating panels for the main hall. Looking ahead to more major improvements and repairs we still need better heating, and the roof continues to have minor leaks and general damp.

Having renamed Chicken Day to Elphin Crofty Day, we had great weather for the day and a strong attendance. The activities for both the children and adults were well received, and we were well supported by crofts bringing their nimals to show on the day. Little did we all know that the hay bale used in one of the competitions would provide great entertainment for the kids and a respite for their parents and carers.

Whilst the digital projector was not used in the year, plans were made for regular film nights and dates agreed for early next year. A card evening was organized in November which proved a hit for those attending and more have been planned for the new year.

The Christmas quiz was held in early December, the second of its kind and has now been adopted as a replacement to the formal sit-down meal.

We made further progress in our efforts to purchase the hall and grounds under the Community Asset Transfer. This year the boundaries were surveyed and formalised by the council and will be shortly discussed with the new estate owners. This will hopefully gain all round agreement and can move the purchase on to the next stage. Agreement has already been reached with the Grazing Committee.

As you all know we lost Ann this year, as well as a big loss to all her friends and neighbours, all members of ELKCAL and the hall will certainly miss Ann as a friend and as a valued member of the committee.

Ann has been the secretary for a number of years, and our move to gaining ownership of the village hall is thanks, in a large part, by the tireless work by Ann in securing grants and organising events.

With Ann’s ongoing legacy of transferring the hall from the Highland Council to the community, we are looking to the future and drafting a 10-year plan of improvements to and running of the hall of the benefit of the whole community.

In September 2025, Andy Venters stepped down to the role of Vice Chair and Christopher Jo Lunn took on the role of chairperson for Elkcal.

On behalf of the board, I would like to thank you all for you continued support, and look forward to

the year ahead.

Jon Lunn

(Chair of ELKCAL)

And

Andy Venters

(Vice Chair of ELKCAL)

FINANCIAL REVIEW

Financial position

The result for the year is shown in the attached financial statements. As can be seen on page 6 of the accounts, a net loss of £4,240 has been made in the year (£684 profit - 2024).

FUTURE PLANS

Alongside our current activities, new actives planned for the coming year include:

ECHO - Elphin Community History Organisation - monthly meeting of local people, during off season, who are researching and collecting history of families and buildings in Elphin and Knockan.

Regional Spinners Group - monthly meeting of people, during off season, from Scourie to Ullapool who want to learn or share skills.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of the committee of directors

The directors of the company are known as the Committee of Directors and under the requirements of the Memorandum and Articles of Association should serve for a period of three years. There must be a minimum of 6 and a maximum of 12 members and with up to 9 elected by members. Up to 3 members may be co-opted.

Director induction and training

New members are provided with a copy of the Constitution, the Memorandum and Articles of Association, the policy documents and the current business plan for Elphin, Ledmore and Knockan Community Association Limited (ELKCAL) and the role of OSCR. All directors are encouraged to attend appropriate external training to enhance their knowledge of their role and responsibilities.

Risk management

Board members, staff and volunteers undertake screening by Disclosure Scotland as required and a contingency fund is maintained.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC381507 (Scotland)

Registered Charity number

SC42007

Registered office

Elphin Community Hall, Former Assynt Pri

Elphin

By Lairg

Sutherland

IV27 4HH

Trustees

R W Brown

Ms H J Donaldson

Ms L Leith (resigned 14.4.26)

Ms G R Leith

G Moyne

Ms A E O'Keefe (resigned 3.6.25)

R A Pursey (resigned 5.7.25)

Ms J Rothnie (resigned 27.8.25)

A N Venters

Ms C J Woodsford (resigned 10.11.25)

Ms D N Pierce Teacher

C Lunn (appointed 5.7.25)

Company Secretary

S B Jeffreys

Independent Examiner

Mackay & Co CA

3 Fodderty Way

Dingwall

Ross-shire

IV15 9XB

Approved by order of the board of trustees on 18 May 2026 and signed on its behalf by:

C Lunn - Trustee

I report on the accounts for the year ended 31 December 2025 set out on pages six to thirteen.

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.

Ricky Finlayson CA

The Institute of Chartered Accountants of Scotland

Mackay & Co CA

3 Fodderty Way

Dingwall

Ross-shire

IV15 9XB

Date: .............................................

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

6,333

-

6,333

7,152

Investment income

2

162

-

162

222

Total

6,495

-

6,495

7,374

EXPENDITURE ON

Charitable activities

General

10,735

-

10,735

6,690

NET INCOME/(EXPENDITURE)

(4,240

)

-

(4,240

)

684

RECONCILIATION OF FUNDS

Total funds brought forward

26,730

605

27,335

26,651

TOTAL FUNDS CARRIED FORWARD

22,490

605

23,095

27,335

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

6

6,101

-

6,101

7,625

CURRENT ASSETS

Cash at bank

16,983

605

17,588

20,250

CREDITORS

Amounts falling due within one year

7

(594

)

-

(594

)

(540

)

NET CURRENT ASSETS

16,389

605

16,994

19,710

TOTAL ASSETS LESS CURRENT LIABILITIES

22,490

605

23,095

27,335

NET ASSETS

22,490

605

23,095

27,335

FUNDS

8

Unrestricted funds

22,490

26,730

Restricted funds

605

605

TOTAL FUNDS

23,095

27,335

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 18 May 2026 and were signed on its behalf by:

C Lunn - 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.

Tangible fixed assets

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

Fixtures and fittings

-

10% 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.

2.	INVESTMENT INCOME

31.12.25

31.12.24

£

£

Bank and amazon interest

162

222

3.	NET INCOME/(EXPENDITURE)

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

31.12.25

31.12.24

£

£

Depreciation - owned assets

1,524

1,524

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

7,152

-

7,152

Investment income

222

-

222

Total

7,374

-

7,374

EXPENDITURE ON

Charitable activities

General

6,690

-

6,690

NET INCOME

684

-

684

RECONCILIATION OF FUNDS

Total funds brought forward

26,046

605

26,651

TOTAL FUNDS CARRIED FORWARD

26,730

605

27,335

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2025 and 31 December 2025

1,523

15,245

16,768

DEPRECIATION

At 1 January 2025

1,523

7,620

9,143

Charge for year

-

1,524

1,524

At 31 December 2025

1,523

9,144

10,667

NET BOOK VALUE

At 31 December 2025

-

6,101

6,101

At 31 December 2024

-

7,625

7,625

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Accrued expenses

594

540

8.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.25

in funds

31.12.25

£

£

£

Unrestricted funds

General fund

26,730

(4,240

)

22,490

Restricted funds

Defibrillator

535

-

535

Toddler Group

70

-

70

605

-

605

TOTAL FUNDS

27,335

(4,240

)

23,095

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

6,495

(10,735

)

(4,240

)

TOTAL FUNDS

6,495

(10,735

)

(4,240

)

Comparatives for movement in funds

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

26,046

684

26,730

Restricted funds

Defibrillator

535

-

535

Toddler Group

70

-

70

605

-

605

TOTAL FUNDS

26,651

684

27,335

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

7,374

(6,690

)

684

TOTAL FUNDS

7,374

(6,690

)

684

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

Net

movement

At

At 1.1.24

in funds

31.12.25

£

£

£

Unrestricted funds

General fund

26,046

(3,556

)

22,490

Restricted funds

Defibrillator

535

-

535

Toddler Group

70

-

70

605

-

605

TOTAL FUNDS

26,651

(3,556

)

23,095

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

13,869

(17,425

)

(3,556

)

TOTAL FUNDS

13,869

(17,425

)

(3,556

)

9.	RELATED PARTY DISCLOSURES

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