1.
General Information
FINDHORN VILLAGE CENTRE
is a company limited by guarantee, incorporated in Scotland, registered number
SC204375
and registered charity number
SC029923
. The registered office is The Old School, Church Place, Findhorn, Forres, Morayshire, IV36 3YR.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.
2.2.
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.
2.3.
Incoming Resources
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.
2.4.
Resources Expended
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.
2.5.
Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
| Freehold |
|
| Plant & Machinery |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
2.6.
Pensions
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.
3.
Income from Donations and Legacies
| 2025 | 2024 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| Donations and gifts |
|
|
4.
Income from Charitable Activities
FINDHORN VILLAGE CENTRE
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
| 2025 | 2024 | |
|---|---|---|
| Unrestricted funds £ | Unrestricted funds £ | |
| Findhorn Village Centre |
|
|
| Hostel |
|
|
| Other trading activities |
|
|
|
|
|
|
5.
Income from Other Trading Activities
|
2025
|
2024
|
||
|
£
|
£
|
||
|
SSE Fits
|
1,807
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
2,518
|
6.
Other Income
| 2025 | 2024 | |
|---|---|---|
| Unrestricted funds | Unrestricted funds | |
| £ | £ | |
| Refund from Moray Speyside advertising costs from 2021 - 2024 | 3,650 | - |
7.
Net Income/(Expenditure)
The net expenditure is stated after charging/(crediting):
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Bad debts | 368 | 544 |
| Depreciation of tangible fixed assets - owned | 31,940 | 32,444 |
| Gain/Loss on disposal of tangible fixed assets | 19 | - |
8.
Independent Examiner's Remuneration
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Independent examination of the financial statements | 966 | 980 | |
9.
Staff Costs
Staff costs were as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Other pension costs |
|
|
|
|
|
|
||
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
FINDHORN VILLAGE CENTRE
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
10.
Average Number of Employees
Average number of employees during the year was: 1 (2024: 1)
11.
Tangible Assets
| Land & Property | |||||
|---|---|---|---|---|---|
| Freehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 January 2025 |
|
|
|
|
|
| Additions |
|
|
|
|
|
| Disposals |
|
( |
( |
|
( |
| As at 31 December 2025 |
|
|
|
|
|
| Depreciation | |||||
| As at 1 January 2025 |
|
|
|
|
|
| Provided during the period |
|
|
|
|
|
| Disposals |
|
( |
( |
|
( |
| As at 31 December 2025 |
|
|
|
|
|
| Net Book Value | |||||
| As at 31 December 2025 |
|
|
|
|
|
| As at 1 January 2025 |
|
|
|
|
|
12.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | 1,423 | 1,327 | |
|
|
|
||
| Due after more than one year | |||
| Other debtors | - | 9 | |
|
|
|
||
13.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Accruals and deferred income | 3,243 | 5,816 | |
14.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other loans |
|
|
|
FINDHORN VILLAGE CENTRE
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
15.
Loans
An analysis of the maturity of loans is given below:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due between one and five years: | |||
| Other loans |
|
|
|
16.
Movement in Funds
| As at 1 January 2025 | Income | Expenditure | As at 31 December 2025 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General: | ||||
| General unrestricted fund |
|
|
( |
|
| Designated: | ||||
| Designated |
|
|
( |
|
| Total unrestricted funds |
|
|
( |
|
| Total funds |
|
|
( |
|
| As at 1 January 2024 | Income | Expenditure | As at 31 December 2024 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General: | ||||
| General unrestricted fund |
|
|
( |
|
| Designated: | ||||
| Designated |
|
|
( |
|
| Total unrestricted funds |
|
|
( |
|
| Total funds |
|
|
( |
|
17.
Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
18.
Related Party Disclosures
There were no related party transactions for the year ended 31st December 2025.
FINDHORN VILLAGE CENTRE
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
19.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
20.
Adjustment tof cash balance
The adjusment to cash balance entry on the statement of financial activities are expenses that have been paid cash in previous years but have not yet been recorded. This adjustment corrects the cash balance at the year end.