REGISTERED COMPANY NUMBER: SC187465 (Scotland)

REGISTERED CHARITY NUMBER: SC028093

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Minginish Community Association

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

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 March 2026. 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

-The Company shall operate for the public benefit in pursuance of the following charitable purposes or objects:

- The advancement of citizenship or community development, in particular, but without limitation:

- The management of community land and associated assets for the benefit of the Community and the general public; and

- Urban and/or rural regeneration;

- To provide recreational facilities and/or organise recreational activities (in each case, available to members of the public at large), with the object of improving the conditions of life for those living, working or visiting the Community;

- To advance education, and in particular to increase public knowledge of the history, culture, heritage and environment of, and/or other points of interest associated with, the Community;

- To advance environmental protection and improvement within the Community, in particular, but without limitation:

- The maintenance, improvement or provision of environmental amenities for the Community; and

- The preservation of buildings or sites of architectural, historic or other importance to the Community; and

- To carry out any other business which may be advantageously carried on in connection with this article 3.1.

- These objects are subject also to article 3.3.

- The Company may add to, remove or alter the statement of the Company's objects in article 3.1; on any occasion when it does so, it must give notice to the Registrar of Companies and the amendment will not be effective until that notice is registered on the Register of Companies.

ACHIEVEMENTS AND PERFORMANCE

The priority for the Minginish Community Association (MCA) Directors and Project Officer during the year was progressing our community housing project. This is a proposal to construct 6 new houses on a site near Portnalong Pier, on land purchased from the Scottish Government the previous FY for £100,000. This is an ambitious project for our organisation, one that will help to address the lack of affordable housing in the area, providing an opportunity for our young people to remain in the area or perhaps provide a route for a young family or two to return to our community. An investment of up to £100k from MCA funds for the initial stages of the project was agreed by Directors. This substantial investment is only possible due to the income from the Fairy Pools carpark.

Following a tender exercise, Catoe Brown Architects were appointed to head the design team. They provided the most competitive tender, but also impressed with their comprehensive tender response, their design solutions and their experience of similar community housing projects in the Highlands & Islands. MCA have continued their relationship with Community Housing Trust (CHT) engaging it to provide consultancy support during the project.

At our AGM in November 2025, MCA, along with CHT and Catoe Brown, were able to present to the community the draft housing plans, gather feedback and answer questions. There was strong support from all present for the project.

At the Financial Year end, the full planning application was nearing completion with a schedule to submit the planning application late Spring/Summer 2026. Minginish Community Council agreed to submit the planning application in their name which provides a small saving on the planning fees but, perhaps more importantly, demonstrates the wider community support for this project.

We received encouraging news from Highlands & Islands Enterprise that our application for funding for a Community Housing Project Officer was successful, and early in FY26/27 we aim to recruit to this part-time post for a 3-year period. The postholder will be important for driving the project forward; providing day-to-day management; identifying & pursuing funding; and liaising with Directors, partners, stakeholders and the local community. The post will also release our existing Project Officer to work on other activities and projects identified in our community development plan.

In addition to progressing the housing project, during the year the Growing Minginish community garden took shape in the hall grounds with erection of the polytunnel and work on surrounding landscaping. Also at the hall, SOLAR panels were installed to the roof, a £21,000 project supported by a £17,000 CARES grant managed by Local Energy Scotland, which is projected to fully repay the MCA investment by Year 3.

FINANCIAL REVIEW

Reserves policy

The sum of £15,000 is set aside for unexpected maintenance of the Minginish Hall. The board has always been clear that there is a need to ensure funds are available to cover any unexpected repair or maintenance costs that may arise. This is responsible contingency planning.

The sum of £3,000 is reserved for the cost of operating the hall (approximately three months) to ensure running costs can be met in the event of reduced income or if the hall is forced to close such as during the Covid pandemic.

The on-going Project Officer costs will be met from the Fairy Pools car park income, therefore no reserve figure is shown against this budget line. Funding has been secured to support the additional Project Officer post, so a reserve balance is not felt necessary for this committed spend either.

The Community Housing Project has progressed during 2025/26. The Board of Directors approved a total commitment of £100,000 towards the project. As of 31 March 2026, the MCA had funded £33,959 of this project's costs, with the balance of costs incurred having been paid for using external funding.

The MCA holds a reserves balance in a separate reserves bank account. As at 31 March 2026, this account held £77,100. The board feels that this is sufficient to cover the Community Housing Project costs expected to be incurred during the 2026/27 financial year and retain sufficient funds to cover the unexpected maintenance costs and running costs of the hall should this be required.

The MCA Board believes this reserves policy protects vital functions that enable it to meet charitable activities in the next twelve to eighteen months. It also assures potential funders and creditors that the charity can meet its financial commitments. Looking back to the disruptions to income during the Covid pandemic, the Board believes that this reserves policy increases and demonstrates the charity's resilience.

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 new trustees

Directors are appointed at the public Annual General Meetings held in February each year. All residents of Minginish over the age of 18 who attend Annual General Meetings are entitled to vote.

Related parties

The charity trustees and their families are charged the full market rate for their use of any MCA facilities.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC187465 (Scotland)

Registered Charity number

SC028093

Registered office

Minginish Community Association

Portnalong

Carbost

Isle of Skye

IV47 8SL

Trustees

G Campbell

Mrs J Burnett

A MacKenzie

R Mills

S Bailey (resigned 21.5.26)

Miss E MacLean

A Morris

A Giles

Company Secretaries

Mrs J Burnett

A MacKenzie

Independent Examiner

Fiona Maclean FCCA

Donald Rankin Business Services

Tigh an Oisean

Bridge Road

PORTREE

Isle of Skye

Highland

IV51 9ER

Approved by order of the board of trustees on 24 August 2026 and signed on its behalf by:

G Campbell - Trustee

I report on the accounts for the year ended 31 March 2026 set out on pages six 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.

Fiona Maclean FCCA

The Association of Chartered Certified Accountants

Donald Rankin Business Services

Tigh an Oisean

Bridge Road

PORTREE

Isle of Skye

Highland

IV51 9ER

25 August 2026

31.3.26

31.3.25

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

381

30,442

30,823

136,624

Charitable activities

Managing & maintaining Minginish Community Hall for the benefit of the community.

78,962

-

78,962

66,483

Other trading activities

3

578

187

765

2,636

Investment income

4

942

-

942

1,266

Other income

5,940

470

6,410

4,850

Total

86,803

31,099

117,902

211,859

EXPENDITURE ON

Charitable activities

Managing & maintaining Minginish Community Hall for the benefit of the community.

81,824

2,636

84,460

76,998

Minginish Youth Club

-

1,176

1,176

2,337

Growing Minginish

-

6,439

6,439

2,703

Centenary Project

-

441

441

8,889

Total

81,824

10,692

92,516

90,927

NET INCOME

4,979

20,407

25,386

120,932

Transfers between funds

12

(27,921

)

27,921

-

-

Net movement in funds

(22,942

)

48,328

25,386

120,932

RECONCILIATION OF FUNDS

Total funds brought forward

681,594

168,557

850,151

729,219

TOTAL FUNDS CARRIED FORWARD

658,652

216,885

875,537

850,151

31.3.26

31.3.25

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

8

543,687

196,189

739,876

682,176

CURRENT ASSETS

Debtors

9

4,412

-

4,412

11,887

Cash at bank and in hand

10

115,253

20,697

135,950

161,869

119,665

20,697

140,362

173,756

CREDITORS

Amounts falling due within one year

11

(4,700

)

(1

)

(4,701

)

(5,781

)

NET CURRENT ASSETS

114,965

20,696

135,661

167,975

TOTAL ASSETS LESS CURRENT LIABILITIES

658,652

216,885

875,537

850,151

NET ASSETS

658,652

216,885

875,537

850,151

FUNDS

12

Unrestricted funds

658,652

681,594

Restricted funds

216,885

168,557

TOTAL FUNDS

875,537

850,151

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 24 August 2026 and were signed on its behalf by:

G Campbell - 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.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

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.

Land & property

-

2% on cost

Playpark

-

15% on reducing balance

Furnishings & equipment

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

2.	DONATIONS AND LEGACIES

31.3.26

31.3.25

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Donations

381

159

540

1,153

Grants

-

30,283

30,283

135,471

381

30,442

30,823

136,624

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

31.3.26

31.3.25

£

£

Highland Council Comfort Scheme

-

2,100

Highlands & Islands Enterprise

-

97,375

Scottish Land Fund

-

7,160

Highland Council

-

4,050

Muirhall award

5,000

-

The Diageo Foundation

-

1,986

Comhairle nan Eilean Star

-

300

National Lottery

5,667

7,500

Pebble Trust

-

10,000

Budhmor Fund

-

5,000

Local Energy Scotland

17,116

-

Gordon & Ena Baxter Foundation

2,500

-

30,283

135,471

3.	OTHER TRADING ACTIVITIES

31.3.26

31.3.25

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Fundraising events

530

187

717

2,584

Bonus Ball income

48

-

48

52

578

187

765

2,636

4.	INVESTMENT INCOME

31.3.26

31.3.25

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Deposit account interest

942

-

942

1,266

5.	NET INCOME/(EXPENDITURE)

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

31.3.26

31.3.25

£

£

Depreciation - owned assets

24,262

17,204

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3,154

133,470

136,624

Charitable activities

Managing & maintaining Minginish Community Hall for the benefit of the community.

66,483

-

66,483

Other trading activities

916

1,720

2,636

Investment income

1,266

-

1,266

Other income

4,850

-

4,850

Total

76,669

135,190

211,859

EXPENDITURE ON

Charitable activities

Managing & maintaining Minginish Community Hall for the benefit of the community.

76,998

-

76,998

Minginish Youth Club

-

2,337

2,337

Growing Minginish

-

2,703

2,703

Centenary Project

-

8,889

8,889

Total

76,998

13,929

90,927

NET INCOME/(EXPENDITURE)

(329

)

121,261

120,932

Transfers between funds

(3,771

)

3,771

-

Net movement in funds

(4,100

)

125,032

120,932

RECONCILIATION OF FUNDS

Total funds brought forward

685,694

43,525

729,219

TOTAL FUNDS CARRIED FORWARD

681,594

168,557

850,151

8.	TANGIBLE FIXED ASSETS

Land &

Furnishings

Computer

property

Playpark

& equipment

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

726,160

42,198

71,325

1,688

841,371

Additions

30,225

-

51,737

-

81,962

At 31 March 2026

756,385

42,198

123,062

1,688

923,333

DEPRECIATION

At 1 April 2025

72,390

23,474

62,310

1,021

159,195

Charge for year

12,173

2,809

9,113

167

24,262

At 31 March 2026

84,563

26,283

71,423

1,188

183,457

NET BOOK VALUE

At 31 March 2026

671,822

15,915

51,639

500

739,876

At 31 March 2025

653,770

18,724

9,015

667

682,176

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

1,979

9,166

Prepayments and accrued income

2,433

2,721

4,412

11,887

10.	CASH AT BANK AND IN HAND

Minginish

General

Designated:

Minginish

Centenary

fund

Fairy Pools

Youth Club

Project

£

£

£

£

Cash in hand

651

-

-

-

Bank account no. 1

6,214

-

-

-

Bank account no. 2

688

32,566

1,185

1,699

Bank account no. 3

63,994

11,140

-

-

Total

71,547

43,706

1,185

1,699

31.3.26

31.3.25

Community

Growing

Housing

Total

Total

Minginish

Project

funds

funds

£

£

£

£

Cash in hand

-

-

651

907

Bank account no. 1

-

-

6,214

5,853

Bank account no. 2

15,847

-

51,985

81,338

Bank account no. 3

-

1,966

77,100

73,771

Total

15,847

1,966

135,950

161,869

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

2,176

2,178

Accruals and deferred income

900

2,145

Accrued expenses

1,625

1,458

4,701

5,781

12.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.25

in funds

funds

31.3.26

£

£

£

£

Unrestricted funds

General fund

630,472

(22,959

)

5,000

612,513

Designated: Fairy Pools

51,122

27,938

(32,921

)

46,139

681,594

4,979

(27,921

)

658,652

Restricted funds

Minginish Youth Club

3,323

(1,177

)

-

2,146

Minginish Centenary Project

5,197

(510

)

-

4,687

Growing Minginish

38,724

7,075

-

45,799

Community Housing Project

121,313

470

27,921

149,704

Local Energy Scotland

-

14,549

-

14,549

168,557

20,407

27,921

216,885

TOTAL FUNDS

850,151

25,386

-

875,537

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

12,580

(35,539

)

(22,959

)

Designated: Fairy Pools

74,223

(46,285

)

27,938

86,803

(81,824

)

4,979

Restricted funds

Minginish Youth Club

(1

)

(1,176

)

(1,177

)

Minginish Centenary Project

-

(510

)

(510

)

Growing Minginish

13,514

(6,439

)

7,075

Community Housing Project

470

-

470

Local Energy Scotland

17,116

(2,567

)

14,549

31,099

(10,692

)

20,407

TOTAL FUNDS

117,902

(92,516

)

25,386

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.25

£

£

£

£

Unrestricted funds

General fund

647,518

(13,275

)

(3,771

)

630,472

Designated: Fairy Pools

38,176

12,946

-

51,122

685,694

(329

)

(3,771

)

681,594

Restricted funds

Minginish Youth Club

4,810

1,413

(2,900

)

3,323

Minginish Centenary Project

11,700

(6,303

)

(200

)

5,197

Growing Minginish

13,275

23,578

1,871

38,724

Community Housing Project

13,740

102,573

5,000

121,313

43,525

121,261

3,771

168,557

TOTAL FUNDS

729,219

120,932

-

850,151