Arisaig Community Trust

	Page
Trustees' Report	1—3
Independent Examiner's Report	4
Statement of Financial Activities (including Income and Expenditure Account)	5
Comparative Statement of Financial Activities (including Income and Expenditure Account)	6
Balance Sheet	7
Notes to the Financial Statements	8—13

The trustees present their report and the financial statements for the year ended 31 March 2026.

Reference and Administrative Details

Trustees

Mrs Anne Widdop

Mrs Diane Roberts (appointed 21/06/2025)

Mrs Christina Coull

Mr Stephen Westwood

Mrs Rebecca Donald (appointed 21/06/2025)

Mr Gordon Stewart (appointed 21/06/2025)

Charity Number

SC040977

Company Number

SC366387

Independent Examiner

Leigh Scott

Northgate Accounting Services Limited

Suite 1
141 High Street
Elgin
IV30 1DS

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Arisaig Community Trust

Trustees' Report (continued)

For The Year Ended 31 March 2026

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Arisaig Community Trust for the purposes of company law) are responsible for preparing the Trustees' Report 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 company law the trustees must not approve the financial statement 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 the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Charities and Trustees Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Arisaig Community Trust

Trustees' Report (continued)

For The Year Ended 31 March 2026

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Chair’s Report

I am pleased to present the Chair’s Report for Arisaig Community Trust for the year under review. This has been a year of significant achievement, hard work, and reflection, with notable progress across several major projects alongside a renewed focus on strengthening the Trust for the future.

Projects and Activities

One of the most positive highlights of the year was the successful renovation of the Playpark. This project was led by a dedicated group of local volunteers and funded through a combination of grants and generous donations. The renewed Playpark is a valuable community asset and a strong example of what can be achieved through local commitment and collaboration.

The Trust also undertook a feasibility study into the potential community buy-out of the Church of Scotland building. Funds were successfully raised to commission a comprehensive feasibility study, including architectural drawings, and further donations enabled the Trust to submit an offer to purchase the church. Unfortunately, despite these efforts, the Trust’s bid was ultimately unsuccessful. While this was a disappointing outcome, the project demonstrated strong community support and provided valuable learning that will inform future opportunities.

At the Land, Sea and Island Centre, the Board has placed a strong emphasis on cost reduction and improving financial resilience. A number of important changes were implemented during the year, including the Centre Manager moving into a volunteer role, more careful management of heating costs, and closing the Centre during quieter months. These actions have significantly reduced expenditure and have helped move the Centre back towards a position where it is generating a profit.

The Trust’s £1.8M housing project was successfully completed during the year, with tenants now living in the new properties. The level of demand was clear, with over 30 applications received for just six homes, underlining the continuing unmet need for affordable housing within the village. This project represents a major milestone for the Trust and delivers lasting benefit to the community.

Looking Ahead

As we move into the next year, the Board’s main focus will be on strengthening the foundations of the Trust. Key priorities include:

• Building the Board, by increasing the number of Trustees and bringing in a wider range of skills and expertise.

• Improving resilience and sustainability, by exploring ways to generate increased income from the assets managed by the Trust.

• Strengthening operations and governance, ensuring that the Trust is well-run, compliant, and prepared for future opportunities.

• Provision of more affordable homes, adding to the number already built.

The anticipated sale of three self-build plots at an affordable price is expected to generate additional cash, placing Arisaig Community Trust in a stronger financial position for the year ahead.

Thanks

I would like to thank my fellow Trustees for their time, commitment, and support throughout the year, as well as the many volunteers, donors, and community members who continue to contribute to the work of the Trust. Their efforts are vital to the success and sustainability of Arisaig Community Trust.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mrs Anne Widdop

Trustee

15th September 2026

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Arisaig Community Trust

Independent Examiner's Report to the Trustees of Arisaig Community Trust

For The Year Ended 31 March 2026

Independent Examiner's Report to the Trustees of Arisaig Community Trust

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you 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 trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 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.

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 seeks explanations from the 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

Since the Charity has prepared its accounts on an accruals basis and is registered in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.

Leigh Scott

15th September 2026

Suite 1
141 High Street
Elgin
IV30 1DS

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Arisaig Community Trust

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 March 2026

Statement of Financial Activities (including Income and Expenditure Account)

				2026	2025
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	42,688	2,320	45,008	60,191
Charitable activities:
Charitable Activity		102,751	41,622	144,373	38,876
Other trading activities	4	49,651	-	49,651	41,256
Investments	5	12	-	12	-

		195,102	43,942	239,044	140,323

EXPENDITURE ON:
Raising funds	7	(113,772 )	57,704	(56,068 )	(165,326 )
Charitable activities:	7
Other		(15,255 )	3,311	(11,944 )	(7,455 )

		(129,027 )	61,015	(68,012 )	(172,781 )

NET INCOME/(EXPENDITURE)		66,075	104,957	171,032	(32,458 )


NET MOVEMENT IN FUNDS		66,075	104,957	171,032	(32,458 )
RECONCILIATION OF FUNDS:
Total funds brought forward		(9,051 )	1,648,634	1,639,583	1,672,041

TOTAL FUNDS CARRIED FORWARD	19	57,024	1,753,591	1,810,615	1,639,583

The notes on pages 8 to 13 form part of these financial statements.

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Arisaig Community Trust

Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 March 2026

Comparative Statement of Financial Activities (including Income and Expenditure Account)

				2025
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	5,757	54,434	60,191
Charitable activities:
Charitable Activity		38,876	-	38,876
Other trading activities	4	41,256	-	41,256

		85,889	54,434	140,323

EXPENDITURE ON:
Raising funds	7	(72,364 )	(92,962 )	(165,326 )
Charitable activities:	7
Other		-	(7,455 )	(7,455 )

		(72,364 )	(100,417 )	(172,781 )

NET (EXPENDITURE)/INCOME		13,525	(45,983 )	(32,458 )


NET MOVEMENT IN FUNDS		13,525	(45,983 )	(32,458 )
RECONCILIATION OF FUNDS:
Total funds brought forward		(22,576 )	1,694,617	1,672,041

TOTAL FUNDS CARRIED FORWARD	19	(9,051 )	1,648,634	1,639,583

The notes on pages 8 to 13 form part of these financial statements.

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Arisaig Community Trust

Balance Sheet

As At 31 March 2026

Balance Sheet

				2026	2025
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12	-	1,976,834	1,976,834	1,869,033

		-	1,976,834	1,976,834	1,869,033
CURRENT ASSETS
Stocks	13	42,312	-	42,312	7,625
Debtors	14	190	64	254	580
Cash at bank and in hand		54,398	-	54,398	24,135

		96,900	64	96,964	32,340
Creditors: Amounts Falling Due Within One Year	15	(35,725 )	1	(35,724 )	(8,684 )

NET CURRENT ASSETS (LIABILITIES)		61,175	65	61,240	23,656

TOTAL ASSETS LESS CURRENT LIABILITIES		61,175	1,976,899	2,038,074	1,892,689

Creditors: Amounts Falling Due After More Than One Year	16	-	(227,459 )	(227,459 )	(253,106 )

NET ASSETS		61,175	1,749,440	1,810,615	1,639,583

FUNDS OF THE CHARITY
Restricted Funds				1,753,591	1,648,634
Unrestricted Funds				57,024	(9,051 )

TOTAL FUNDS	19			1,810,615	1,639,583

For the year ending 31 March 2026 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

On behalf of the board

Mrs Anne Widdop

Trustee

15th June 2026

The notes on pages 8 to 13 form part of these financial statements.

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Arisaig Community Trust

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Arisaig Community Trust is a company limited by guarantee, incorporated in Scotland, registered number SC366387 and registered charity number SC040977 . The registered office is .

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. Incoming Resources

Donations

Grants

ACT Central Costs

Bill Sheds

EV Chargers

Land & Sea Island Centre

Public Toilets

Rental Income

2.3. Donated Goods and Services

Donations - Unrestricted £13,533.48

Kilmory Chapel £2079.82

SOE Donations £240

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% Straight line
Plant & Machinery	25% Straight line
Fixtures & Fittings	25% Straight line
Computer Equipment	20% reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

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Arisaig Community Trust

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

			2026
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	34,713	2,320	37,033
Legacies	-	-	-
Grants	-	-	-
Donated goods, facilities and services	7,975	-	7,975

	42,688	2,320	45,008

			2025
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Donations and gifts	5,757	18,068	23,825
Legacies	-	5,000	5,000
Grants	-	13,362	13,362
Donated goods, facilities and services	-	18,004	18,004

	5,757	54,434	60,191

4. Income from Other Trading Activities

	2026	2025
	Unrestricted funds	Unrestricted funds
	£	£
Income from other trading activities	49,651	41,256

5. Investment Income

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	12	-

6. Net Income/(Expenditure)

The net income/(expenditure) is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible fixed assets - owned	(99,940)	43,485
Gain/Loss on disposal of tangible fixed assets	(18,263)	-

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Arisaig Community Trust

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Analysis of Expenditure

			2026
	Activities undertaken directly	Support costs (see note 8 )	Total
	£	£	£
Raising funds	20,537	35,531	56,068

			2025
	Activities undertaken directly	Support costs (see note 8 )	Total
	£	£	£
Raising funds	141,215	24,111	165,326

8. Support Costs

	2026	2025
	Raising funds	Raising funds
	£	£
Premises expenses	4,478	4,872
General administration	4,843	6,286
Depreciation	10,970	-
Interest payable	15,240	12,953

	35,531	24,111

9. Independent Examiner's Remuneration

	2026	2025
	£	£
Independent examination of the financial statements	(31)	60

10. Staff Costs

Staff costs were as follows:

	2026	2025
	£	£
Wages and salaries	16,378	31,911
Other pension costs	920	1,154

	17,298	33,065

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

11. Average Number of Employees

Average number of employees during the year was: 6 (2025: 6)

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Arisaig Community Trust

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

12. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	1,970,926	14,318	1,522	39,959	2,026,725
Additions	-	-	-	64,596	64,596
Disposals	(45,767 )	-	-	(39,959 )	(85,726 )

As at 31 March 2026	1,925,159	14,318	1,522	64,596	2,005,595

Depreciation
As at 1 April 2025	112,861	14,321	1,521	28,989	157,692
Provided during the period	-	-	-	12,919	12,919
Disposals	(112,861 )	-	-	(28,989 )	(141,850 )

As at 31 March 2026	-	14,321	1,521	12,919	28,761

Net Book Value
As at 31 March 2026	1,925,159	(3 )	1	51,677	1,976,834

As at 1 April 2025	1,858,065	(3 )	1	10,970	1,869,033

13. Stocks

	2026	2025
	£	£
Stock	4,801	7,625
Work in progress	37,511	-

	42,312	7,625

14. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	190	-
Other debtors	64	580

	254	580

15. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	35,724	4,199
Other creditors	-	1,500
Accruals and deferred income	-	2,985

	35,724	8,684

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Arisaig Community Trust

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

16. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	227,459	231,580
Other creditors	-	21,526

	227,459	253,106

17. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	227,459	231,580

18. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £920 (2025: £1,154).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

19. Movement in Funds

	As at 1 April 2025	Income	Expenditure	As at 31 March 2026
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	(9,051 )	195,102	(129,027 )	57,024
Restricted funds
Restricted Funds	1,648,634	43,942	61,015	1,753,591


Total funds	1,639,583	239,044	(68,012 )	1,810,615

	As at 1 April 2024	Income	Expenditure	As at 31 March 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	(22,576 )	85,889	(72,364 )	(9,051 )
Restricted funds
Restricted Funds	1,694,617	54,434	(100,417 )	1,648,634


Total funds	1,672,041	140,323	(172,781 )	1,639,583

20. Transactions with Trustees

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Arisaig Community Trust

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

	2026	2025
	£	£

21. Related Party Disclosures

22. 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.

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