REGISTERED COMPANY NUMBER: SC216006 (Scotland)

REGISTERED CHARITY NUMBER: SC038920

Report of the Trustees and

Financial Statements for the Year Ended 31 December 2025

for

CO-CHOMUNN NA PAIRC

Page

Report of the Trustees

1

to

5

Independent Examiner's Report

6

Statement of Financial Activities

7

Balance Sheet

8

to

9

Notes to the Financial Statements

10

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 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

The company promotes and supports the advancement of community development, education, and the provision of recreational facilities in the Western Isles and in particular in the area of south Lochs for the benefit of the social welfare of the local inhabitants and visitors to the area. Our aim is to safeguard and improve community facilities, taking advantage of opportunities to attract visitors to supplement demand from local residents.

Significant activities

The outcomes and benefits which the Co Chomunn and Ravenspoint aim to achieve are as follows:

- Improved services and amenities for the South Lochs community to tackle rural disadvantage based on the development of local assets, in particular the area's outstanding history, heritage, Gaelic culture, and environment.

- Partnership working with other local groups to increase awareness of and pride in the area's Gaelic culture and heritage, and outstanding wildlife, contributing to national and local objectives for Gaelic and the environment.

- Additional jobs and other income-generating opportunities for the South Lochs community based on our local resources.

- A more enterprising and unified community in South Lochs, equipped with new skills to work together to meet the challenges facing this remote area and to seize opportunities for sustainable economic, social, and cultural development.

- In due course, improved job and income-generating opportunities locally, better services and amenities, and an improved showcase for community life, which will help to tackle the long-term problems of rural disadvantage, for example a declining population and an elderly age structure, by making South Lochs a more attractive place to live and a more sustainable community.

- A sustainable future for the Ravenspoint Centre itself, taking full advantage of its magnificent natural setting, extending our skills base by creating new posts, and generating increased income so that jobs can be sustained or increased.

We collect information from the community about their views on the services provided at Ravenspoint, and hold an annual meeting to discuss priorities for the year ahead. This ensures that we receive regular feedback on the services we provide, and allows us to shape future services in the light of the views of our customers and other local residents.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The past year has been one of continued development and community involvement for Co-Chomunn na Pairc. The Board would like to place on record its sincere thanks to two outgoing directors for their commitment and contribution to the organisation and the wider community. We are also pleased that a former director has returned to the Board, bringing valuable experience and renewed support for our charitable objectives. Throughout the year, the Board continued to strengthen its skills and capacity to support the long-term sustainability of Ravenspoint and the wider community.

The organisation also played a pivotal role in the development and operation of the Pairc Area Forum, helping to bring together community organisations from across the district to identify priorities and opportunities for local development through the Local Place Plan process which is ongoing into 2026. A significant achievement during the year was securing funding through the Coastal Communities Crown Estate Fund on behalf of the Pairc Area Forum. This enabled the establishment of a small projects grant scheme to be delivered early in 2026 and designed to support a range of smaller community groups and initiatives throughout the district, helping local organisations to undertake projects that might otherwise have struggled to access funding. We have also helped support the Scottish Government and Comhairle deliver the Cost-of-Living Crisis support locally in Lochs with the warm spaces which was delivered with significant volunteer support in collaboration with Ravenspoint Trading Ltd.

The hostel experienced a very positive year, with income increasing significantly compared with the previous year, demonstrating the continuing importance of visitors to the local economy and the appeal of the Ravenspoint facilities. The charity also continued to generate income from its renewable energy assets through the Feed-in Tariff scheme and secured external grant funding to support community activities and local priorities.

In addition, the organisation achieved further employment growth during the year. Across Co-chomunn na Pairc and Ravenspoint Trading Ltd, a total of 10 staff were employed at various points during the year, albeit predominantly in part-time and flexible roles. This reflects our ongoing commitment to sustaining local employment opportunities while delivering essential services and facilities within a fragile rural community.

FINANCIAL REVIEW

Reserves policy

It is the charity's policy to retain sufficient reserves to operate without financial restrain. The trustees appreciate that to achieve their development plan and establish the company on a sound financial footing additional sources of income have to be secured.

The Trustees continue to maintain prudent cost control and make donations available to deal with a potential trading deficit by Ravenspoint Trading Ltd.

The cash reserves of the Restricted Funds held at the year-end were as follows:

- CNES - Coastal Communities (for Pairc Area Forum) - £3,000

- Gaelic promotion - £375

The charity had unrestricted net current assets of £65,531 (2024 - £53,615), excluding the inter-company loan with Ravenspoint Trading Ltd. The trustees are satisfied with this level of reserves, given the challenges faced during 2025.

FUTURE PLANS

The company have plans to pursue the further development of Ravenspoint as financial resources enable them to do so. Meanwhile, all efforts continue to be made to provide essential services whilst remaining financially stable.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The trustees consider the range of skills required and appoint or endorse new trustees at the annual general meeting.

Organisational structure

Co-Chomunn na Pairc has established a wholly owned subsidiary, Ravenspoint Trading Ltd, a company limited by shares, which began trading in July 2010.

The subsidiary company accounts for the operations of the community shop and cafe, with Co-Chomunn na Pairc owning the building and other capital assets at Ravenspoint, running the hostel and Gaelic courses, and renting space to other community organisations.

In practice, the strategic guidance by Directors and management of the two companies are carried out jointly.

Ravenspoint Trading Ltd and Co-Chomunn na Pairc share some directors, and staff operate across the two companies, with an emphasis on flexibility between various activities.

We currently provide some 2 FTE (full-time equivalent) jobs over the year as a whole. The shop is open 11am-4.30pm Mondays-Saturdays.

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 main risks that might affect the success of Ravenspoint are tabulated below, with an indication of how they would be managed - either to prevent occurrence of the risk or to mitigate its impact. The Co-Chomunn Board would take responsibility for all action that might be required should a risk materialise.

Risk

Impact

Probability

Action to Avoid / Mitigate

Cannot recruit staff to posts at planned salary levels

High

Medium (a general shortage of candidates to fill vacancies in the area)

Consider increasing salaries or introducing more flexible working hours.

Loss of Co-Chomunn Directors

Medium

Medium

Recruit comparably qualified individuals as replacements.

Failure to achieve café and shop target turnover

Medium (Robust to 10% reduction in projections, and other income streams could be developed to compensate)

High

Explore potential to develop alternative models of service delivery to maintain viability.

Failure to achieve hostel target turnover

Medium

Medium

Prioritise promotion of Hostel in online marketing and on website.Develop new income streams to capitalise on Hostel visits.

Increased energy costs

Medium

Medium

Develop alternative energy supplies and increased energy efficiency measures

Failure of existing model to deliver sustainability

High

High

Continue to review model to identify and test alternative approaches.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC216006 (Scotland)

Registered Charity number

SC038920

Registered office

Ravenspoint Visitor Centre

Kershader

Lochs

Isle of Lewis

HS2 9QA

Trustees

I M Nicolson (resigned 7.8.26)

A D McDowall

D Wilson

A E Macleod

L W H Crosland-Thomson (appointed 19.5.25) (resigned 14.10.25)

C F Coles (resigned 14.8.25)

Independent Examiner

Andrew Cumming CA

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

Website

www.ravenspoint.net

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Co-chomunn na Pairc for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 13 August 2026 and signed on its behalf by:

D Wilson - Trustee

I report on the accounts for the year ended 31 December 2025 set out on pages seven 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.

Andrew Cumming CA

The Institute of Chartered Accountants of Scotland

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

13 August 2026

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

5,744

-

5,744

8,350

Charitable activities

5

Hostel activities

35,050

-

35,050

19,264

Other charitable activities

2,738

18,999

21,737

19,000

Scottish Power FITS Income

13,850

-

13,850

20,084

Other trading activities

3

-

-

-

311

Investment income

4

3,000

-

3,000

2

Total

60,382

18,999

79,381

67,011

EXPENDITURE ON

Charitable activities

Hostel activities

17,620

-

17,620

-

Other charitable activities

29,804

17,999

47,803

77,705

Depreciation

-

17,743

17,743

17,743

Total

47,424

35,742

83,166

95,448

NET INCOME/(EXPENDITURE)

12,958

(16,743

)

(3,785

)

(28,437

)

RECONCILIATION OF FUNDS

Total funds brought forward

149,679

235,916

385,595

414,032

TOTAL FUNDS CARRIED FORWARD

162,637

219,173

381,810

385,595

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

57,124

215,798

272,922

290,666

Investments

11

1

-

1

1

57,125

215,798

272,923

290,667

CURRENT ASSETS

Debtors

12

41,615

-

41,615

39,072

Cash at bank

64,857

3,375

68,232

58,886

106,472

3,375

109,847

97,958

CREDITORS

Amounts falling due within one year

13

(960

)

-

(960

)

(3,030

)

NET CURRENT ASSETS

105,512

3,375

108,887

94,928

TOTAL ASSETS LESS CURRENT LIABILITIES

162,637

219,173

381,810

385,595

NET ASSETS

162,637

219,173

381,810

385,595

FUNDS

14

Unrestricted funds

162,637

149,679

Restricted funds

219,173

235,916

TOTAL FUNDS

381,810

385,595

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 13 August 2026 and were signed on its behalf by:

D Wilson - Trustee

1.	ACCOUNTING POLICIES

Consolidated accounts

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, with the exception of investments which are included at market value.

Individual accounts are prepared for Co-chomunn na Pairc and Ravenspoint Trading Ltd. These are filed at the Registrar of Companies.

Where the consolidated income (after adjusting for inter-company transactions) for the year exceeds £500,000 consolidated accounts are prepared. This was not the case during the year under review.

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.

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

-

2% depreciation on cost and not provided

Wind turbines

-

5% depreciation on cost

Fuel tank

-

10% depreciation on cost

Fixtures and fittings

-

20% depreciation on cost

Computer equipment

-

25% depreciation on cost

The trustees took the decision to stop providing for depreciation on the older part (non-extension) of the property with effect from 1 January 2016. This was decided following consideration of the estimated residual value of the asset which has been upgraded significantly over the past number of years, in particular the hostel.

The effect of this change has been to stop charging £1,579 depreciation to the Unrestricted General Fund each year. Depreciation on the Restricted Capital Fund property will continue as before but be kept under review by the trustees.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2.	DONATIONS AND LEGACIES

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Donations

5,744

-

5,744

8,350

3.	OTHER TRADING ACTIVITIES

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Administration fees

-

-

-

311

4.	INVESTMENT INCOME

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Rents received

2,758

-

2,758

-

Deposit account interest

242

-

242

2

3,000

-

3,000

2

5.	INCOME FROM CHARITABLE ACTIVITIES

31.12.25

31.12.24

Activity

£

£

Hostel income

Hostel activities

35,050

19,264

Grants

Other charitable activities

18,999

19,000

Sundry income

Other charitable activities

1,537

-

Fundraising events

Other charitable activities

1,201

-

Scottish Power FITS income

Scottish Power FITS Income

13,850

20,084

70,637

58,348

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

31.12.25

31.12.24

£

£

Comhairle nan Eilean Siar

17,999

-

The Crown Estate

-

18,000

Pairc Community Council

1,000

-

The Pairc Trust

-

1,000

18,999

19,000

6.	NET INCOME/(EXPENDITURE)

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

31.12.25

31.12.24

£

£

Depreciation - owned assets

17,744

17,742

Hire of plant and machinery

832

2,342

7.	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.

8.	STAFF COSTS

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

31.12.25

31.12.24

Management and support staff

2

2

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

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

8,350

-

8,350

Charitable activities

Hostel activities

19,264

-

19,264

Other charitable activities

-

19,000

19,000

Scottish Power FITS Income

20,084

-

20,084

Other trading activities

311

-

311

Investment income

1

1

2

Total

48,010

19,001

67,011

EXPENDITURE ON

Charitable activities

Other charitable activities

40,502

37,203

77,705

Depreciation

-

17,743

17,743

Total

40,502

54,946

95,448

NET INCOME/(EXPENDITURE)

7,508

(35,945

)

(28,437

)

RECONCILIATION OF FUNDS

Total funds brought forward

142,171

271,861

414,032

TOTAL FUNDS CARRIED FORWARD

149,679

235,916

385,595

10.	TANGIBLE FIXED ASSETS

Freehold

Wind

property

turbines

Fuel tank

£

£

£

COST

At 1 January 2025 and 31 December 2025

276,100

97,311

178,689

DEPRECIATION

At 1 January 2025

73,100

63,252

125,082

Charge for year

3,943

4,866

8,935

At 31 December 2025

77,043

68,118

134,017

NET BOOK VALUE

At 31 December 2025

199,057

29,193

44,672

At 31 December 2024

203,000

34,059

53,607

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025 and 31 December 2025

66,217

1,484

619,801

DEPRECIATION

At 1 January 2025

66,217

1,484

329,135

Charge for year

-

-

17,744

At 31 December 2025

66,217

1,484

346,879

NET BOOK VALUE

At 31 December 2025

-

-

272,922

At 31 December 2024

-

-

290,666

11.	FIXED ASSET INVESTMENTS

Listed

investments

£

MARKET VALUE

At 1 January 2025 and 31 December 2025

1

NET BOOK VALUE

At 31 December 2025

1

At 31 December 2024

1

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:

Ravenspoint Trading Ltd

Registered office:

Nature of business: Community shop

%

Class of share:

holding

Ordinary

100

31.12.25

31.12.24

£

£

Aggregate capital and reserves

(495

)

(1,358

)

Profit for the year

863

6,043

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,634

133

Amounts owed by Ravenspoint Trading Ltd

39,981

38,939

41,615

39,072

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

-

930

Accrued expenses

960

2,100

960

3,030