REGISTERED COMPANY NUMBER: SC356419 (Scotland)

REGISTERED CHARITY NUMBER: SC041228

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2026

for

LOCHBROOM AND ULLAPOOL COMMUNITY

TRUST LIMITED

Page

Report of the Trustees

1

to

7

Independent Examiner's Report

8

Statement of Financial Activities

9

Balance Sheet

10

to

11

Notes to the Financial Statements

12

to

20

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

Aims, Objectives and Activities

The company has been formed to benefit the community with the postcode units as defined in appendix 1 of the company's Memorandum and Articles of Association (a copy of which is available upon request from the Registered Office) with the following objects:

1) The advancement of community development, including the advancement of rural regeneration;

2) To provide within the Community recreational facilities, or organize recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.

3) To advance the arts and/or culture;

4) To advance environmental protection and improvement in the Community through the provision, maintenance and/or improvement of public open spaces and other public amenities and other environmental and regeneration projects (but subject to appropriate safeguards to ensure that the public benefits so arising clearly outweigh any private benefit thereby conferred on private landlords);

5) To provide or assist in the provision of housing for people in necessitous circumstances within the Community;

6) To help young people, particularly those resident in the Community, to develop their physical, mental and spiritual capacities, such that they may grow to full maturity as individuals and as members of the society;

7) To advance heritage and/or preserve, for the benefit of the general public, the historical, architectural and constructional heritage that may exist in and around the Community in buildings (including any structure or erection, and any part of a building as so defined) of particular beauty or historical, architectural or constructional interest;

8) To advance citizenship and/or community development (including the promotion of civic responsibility and the promotion of the voluntary sector and/or the effectiveness or efficiency of charities and promotion of trade and industry);

9) To promote, establish, operate and/or support other similar schemes and projects of a charitable nature for the benefit of the community within the Community; but such that the company shall do so following principles of sustainable development.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Board continues to work hard on a number of fronts. The Trust continues to run a series of working groups, each reflecting the priorities as identified in the 2021 community needs survey. - Community Housing and Regeneration, Employment and Training, Sustainable Futures, Revenue and Finance, Community Health and Wellbeing and Active Travel & Transport. Each has a board member involved who reports back to the board on their activities.

The Community Housing and Regeneration Group has continued to play a strategic role in addressing housing need and supporting community asset development across Lochbroom and Ullapool. During the year, the Group coordinated LUCTs response to the proposed 95-homes housing development next to the Golf Course, gathering community feedback, preparing consultation material and ensuring that local priorities including affordability, housing for local people and key workers, infrastructure, sustainability and community benefit were clearly represented within the planning process. The Group continues to monitor the application as it progresses through the planning system.

Alongside this work, the Group has begun identifying opportunities for future community-led housing. Following an initial review of potential sites across Ullapool, work is now focusing on two priority opportunities: land at Pulteney Street and the Tin Church site at Dundonnell. The Group has also supported the expansion of LUCT's own operational assets by helping secure shared office accommodation within the NatureScot building together with workshop and depot premises at Latheron for the New Broom charity shop. These projects strengthen LUCT's long-term capacity while supporting future regeneration and community wealth-building initiatives.

The Employment and Training Group met several times over the past year. We submitted a bid to Triage for employability training which was unsuccessful. We also applied to the Highland Council Employability Framework but decided after careful consideration that the terms of their contract make it impossible for us to sign without legal advice. We therefore let our application lapse and continue to look for other ways to work with Highland Council. Due to the lack of activity in this area locally it was decided to pause this working group until a need is identified.

The Sustainable Futures Group was able to establish the Highland Energy Community Partnership (HECP) in 2025 following a successful bid for funding from the National Lottery Community Fund. The five-year partnership project involves six community-based organisations in the Highlands including LUCT. Each community partner has a local Energy Officer, and a central team at Changeworks coordinates the overall partnership.

In July 2025, LUCT hired Matthew Holmes as our Energy Officer and Sue Agnew as Project Support Officer. Together they form a highly effective team, offering home energy advice and support to households in the LUCT area. The first year has focused on communication and awareness raising within our communities, with local events, posters, regular articles in the Ullapool News and on social media and drop-ins at community gatherings.

Matthew also took a number of training courses as his induction into the Energy Officer role. He also started to engage with installers, and has presented the HECP, and available career options, to pupils at Ullapool High School.

Overall, the first year of the project has been a success, and it has laid a platform for the project's future expansion.

Revenue and finance: The trust continues to make steady progress in its finances. The financial operations of LUCT are essentially divided into two portions; the operations of its shop, the New Broom, and the administration/execution of various individual projects

The New Broom has just reached its tenth anniversary, and its overall operations are mature. It had another solid year although its overall revenues were down marginally from the year before. Its core sales in 2025/26 were £97,996 vs. £99,317 in 2024/25.

After other adjustments, the organisation recorded a net loss of £6,330 for the year. This included £2,849 in depreciation This loss came primarily as a result of failing to meet our revenue projections. In 24/25 the New Broom had a 15% increase in revenue, so a projected increase of 6% for 25/26 appeared reasonable. However we failed to meet that target and in fact had a slight decrease of 1.4% in sales as indicated above.

The staff increased to 10 part-time jobs from 9 part-time jobs in the previous year.

The decision was made to rent a depot space to optimise the sales space currently used in its main location. This improves our storage space and provides better room for repairs and upcycling, as well as eventually conducting more workshops. We will also be looking to make best use of the donations received including encouraging donors to gift aid their items where applicable, which can give us an uplift of up to 25% on the sale price. Of course, its commercial activity remains subject to the volume of tourists in the summer and the weather, which may or may not encourage customers.

It should be noted that LUCT is fortunate to have this solid base on which to build. Many development trusts in Scotland have financed their operations entirely dependent on government grants. Since these have been cut back considerably in the last two years, some development trusts are finding themselves struggling to keep going.

When LUCT administers projects, in most cases it is able to share some of its general administration and other expenses with such projects as HECP and Green Health. This enables us to keep such expenses lower than if LUCT had to pay the full amount itself.

In the past year the trust earned £514 in interest on its various bank accounts. It holds an amount of money in its own reserves as well as funds that are advanced by the various project funders to cover upcoming costs related to these projects. The finance group is looking at ways whereby these monies can be invested in savings accounts and other secure investments to produce more interest income. We anticipate next year that the interest from these sources can be increased.

The plan for the next fiscal year is aiming at a 3% increase in revenues while trying to maintain the costs that it can control to a more modest increase of 3%. Some expenses such as energy and salaries will increase more than this. Our projected budget calls for a deficit of approximately £6,000. This is because the Trust is investing more in its human resource capacity as well as physical premises in offices and depot space.

The Community Health and Wellbeing Group working group brings together local practitioners, funders, medical practices and others together to discuss collaborative projects. LUCT won funds in the summer of 2025 for a two-year project partnering with NHS Highland to assess the benefits and findings of having a community-based link worker to promote nature-based activities as part of community health promotion strategies. We were delighted to recruit Kirsten Walton to this role who already worked with families to encourage walks and participation in other outdoor activities. Over the first year of the project, we have coordinated with existing outdoor groups in Lochbroom to arrange trial sessions of activities eg. walking, running, paddle boarding and more for those who had never tried them.

Working with the Care and Learning Alliance (CALA), in early 2026, LUCT was successful in winning funding from the Scottish Government's Child Poverty Practice Acceleration Fund for a two-year Rural Care Innovation project for a Single Care Model. This will examine the current practices and barriers to continuing to provide both childcare and adult social care in two specific remote and rural areas: Lochbroom and Strontian, working in partnership with their new community care company Urram. Our aim is to recognise that a different model is needed for care in rural and island communities and to begin to define what that might look like. We were excited to recruit two highly experienced local care practitioners - Kirsten Walton and Karen Otter - to share the Rural Care Innovation Office post.

Following the retiral of our Dentist provision in Ullapool the Trust has been working hard to try and secure better dental provision for the community. In 2025 a community survey was carried out by LUCT on services provided for healthcare in Ullapool, and with a great response from the community, it clearly showed that dental provision was a priority with many residents now having to travel hundreds of miles and for hours to access NHS Dental Services. The current provision in Ullapool is 1.5 to 2 days per week, seeing only children and patients with additional needs. An emergency dental service can be provided for any unregistered patients. Providing the survey data to the NHS Dental Services team has enabled discussion and support for re-establishing this service in the Ullapool area. It is recognised that availability as well as recruitment for dentists is nationally challenging, and LUCT have continued the discussions with the NHS with the hope dental services will be resumed in Ullapool in the near future.

Active Travel and Community Transport - The strategic definition for an active travel project route from Braemore Junction to Ardmair was completed and approved by the Walk, Wheel, Cycle trust (formerly Sustrans) in the financial year ending March 2024. Funding from Transport Scotland's Active Travel Infrastructure Fund was sought in 2025 and re-applied for through Hitrans, our regional transport authority, in January 2026. This will fund a feasibility study and concept design and notification of award is now due August 2026.

In November 2023, LUCT was awarded funding through the Community Regeneration Fund to undertake a feasibility study and pay for pre-construction costs to develop mountain bike trails in Lael Forest. This project is part of LUCT's Health and Wellbeing initiative and is supported by other Lael Forest user groups. As a result of delays in obtaining the necessary lease agreement with Forestry and Land Scotland (FLS) for the solum of the trails, the pre-construction phase of this project has a new target completion date towards the end of 2026. We would like to thank volunteers who supported LUCT's joint initiative with Highland Council and FLS to reinstate bridge infra-structure in Lael Forest.

The New Broom is a long-term project for LUCT promoting the circular economy, providing employment and volunteering and reducing the community's contribution to landfill. The New Broom preloved shop had sales slightly below those of the previous year. To some extent this was expected as the shop has outgrown its space. In January 2026 we received the good news that our funding bid to the Highland Council Reuse and Repair Fund (HC R&R) had been successful, allowing us this will allow us to rent a separate space to set up a depot where donations will be received, sorted, priced and then stored ready for sale in the New Broom. This project commenced in April 2026 and will be reported on in next year's accounts.

In 2025 we received funding from the Highlands & Islands Climate Hub to install solar panels on the New Broom's roof, the project was completed in February 2026 with us seeing substantial energy savings from March onwards.

Our upcycled furniture project continues to salvage and renovate pieces for sale in the New Broom. We are most grateful to the Ullapool Harbour Trust for allowing us the use of the community workshop where we ran a number of framing and mounting workshops for purposing old frames. We have also been working alongside Ullapool Men's Shed on some small furniture projects.

We estimate we have diverted some 26 tonnes of donations from landfill in the last year. With the loss of any sustainable market for bulk second hand textiles, we are no longer able to send our unsold items to other charities to recycle. Added to the big increase in volume of unsellable textiles offered to us as donations this has increased the pressure on our small shop to handle such volumes, making the start of the HC R&R project noted above most timely.

The New Broom continues to support local groups, directly, through gifting them useful items, or by promoting their causes and fundraising initiatives within the shop. Examples being housing the Dolphins Art Group for Art week, raising funds for the Oddballs 3-legged race, running mount cutting and sewing workshops for the Multiply project, promoting maths in everyday life and raising funds for Serve Our Seniors by selling their Christmas and Easter decorations.

The Community Pantry continued to operate thanks to its small band of volunteers and with the support of Tesco through the Fare Share scheme and other local donors. The increase in food cost has seen a reduction in the amount of 'surplus' donated.

During the year, LUCT again acted as facilitator for the Community Benefit Fund (CBF). Funds were disbursed from a combination of Broom Power (Lochbroom Community Renewables) surplus income, direct donations from individuals and the sale of goods donated to the fund. Two rounds of awards were made during this period:

June 2025 - £11,133.00

Isle Martin Trust - Infrastructure £3,000

Dundonnell Mountain Recue - Ullapool Stretcher £2,133

North West Highlands Geopark - Schools Programme £1,500

Church of Scotland - Superkids £1,000

Sea Wilding Oyster Project - £1,000

Ullapool Museum - digital upgrade £1,000

Welcome Ullapool - bench project £1,000

Isle Martin Trust Mearl Habitat Project £500

December 2025 - £9,607

Ullapool Golf Club -coaching £1,330

LUCT - Community CPR training £350

LUCT - New Broom Solar panels £2,177

LUCT - Community Pantry repairs £250

Ullapool High School Parent Council - Nova Scotia trip £2500

Ullapool Primary School Fund - minibus driver training £1,700

Ullapool Village Hall Association - Committee room refurbishment ££1,000

UVHA - Peace at the Clock community Christmas meal equipment £300

Thanks to the CBF panel, for their work in reviewing the many applications and in making the awards.

During the past year the Trust held funds on behalf of one local group who did not have a bank account: the Ullapool and District Men's Shed.

The Directors gratefully acknowledge our various funders, the goodwill and time of our many volunteers and the wider community for their continued support. In particular, the Directors would like to thank Mamta Patel our current Chair.

FINANCIAL REVIEW

Financial review

Details of the financial results are set out in the following pages.

Substantial unrestricted reserves are necessary for management of cash-flow and in addition the charity continues to endeavour to attain a level of reserve that would permit 6 months expenditure to be met. Our reserve level and policy was reviewed alongside our insurance review.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure, governance and management

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.

Lochbroom and Ullapool Community Trust Ltd is a company limited by guarantee and not having a share capital, governed by its Memorandum and Articles of Association, incorporated on 11th March 2009, and is registered as a charity with the Office of the Scottish Charity Regulator. In the event of the company being wound up, members are required to contribute a sum not exceeding £1.00p.

The management of the company is the responsibility of the trustees (also referred to in this report and the financial statements as the directors) who are elected under the terms of the Memorandum and Articles of Association. New directors are elected annually at the AGM by vote in person or by proxy,

The company is a membership organisation and the members are responsible for electing the Board of Directors, which meets on a regular basis to consider the strategic decisions. The implementation is then delegated to employees.

Recruitment, appointment, induction and training of Directors

The trustees have the power to appoint such other trustee as they feel necessary and suitable for the purpose of the administration of the Trust. New trustees are likely to be familiar with the work of the charity and its objectives.

New Trustees are expected to spend time with the existing trustees to familiarise themselves with:

The duties of Board Members

The main documents that set out the operational framework for the charity, including the Trust Deed and Memorandum and articles of Association

The work of the Trust and its finances, referring to the last annual accounts and recent Board Minutes.

The strategy that has been adopted.

The plans and objectives that flow from that strategy

The Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)

The overall management and policy decisions are the responsibility of the trustees who are appointed under the terms of the Trust Deed and Articles of Association.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC356419 (Scotland)

Registered Charity number

SC041228

Registered office

28 Argyle Street

Ullapool

IV26 2UB

Trustees

M Patel Chair

S C Leslie

W M Fletcher

W Godding

C J Crook

B H Williams

S Sears (appointed 2.10.25)

J N Tatchell

Company Secretary

S C Leslie

Independent Examiner

A Cumming

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Lochbroom and Ullapool Community Trust Limited 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.

Approved by order of the board of trustees on 17 September 2026 and signed on its behalf by:

M Patel - Trustee

I report on the accounts for the year ended 31 March 2026 set out on pages nine to twenty.

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.

A Cumming

The Institute of Chartered Accountants of Scotland

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

17 September 2026

31.3.26

31.3.25

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

3,845

4,554

8,399

25,004

Charitable activities

5

Charitable activities

543

137,052

137,595

31,551

Other trading activities

3

97,996

-

97,996

99,317

Investment income

4

400

-

400

514

Total

102,784

141,606

244,390

156,386

EXPENDITURE ON

Raising funds

4,246

472

4,718

4,512

Charitable activities

6

Charitable activities

102,019

84,321

186,340

139,003

Depreciation

2,849

2,592

5,441

2,849

Total

109,114

87,385

196,499

146,364

NET INCOME/(EXPENDITURE)

(6,330

)

54,221

47,891

10,022

Transfers between funds

16

4,247

(4,247

)

-

-

Net movement in funds

(2,083

)

49,974

47,891

10,022

RECONCILIATION OF FUNDS

Total funds brought forward

195,664

5,934

201,598

191,576

TOTAL FUNDS CARRIED FORWARD

193,581

55,908

249,489

201,598

31.3.26

31.3.25

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

12

125,091

7,776

132,867

127,940

CURRENT ASSETS

Stocks

13

696

-

696

923

Debtors

14

5,430

-

5,430

5,819

Cash at bank and in hand

64,317

51,111

115,428

71,140

70,443

51,111

121,554

77,882

CREDITORS

Amounts falling due within one year

15

(1,952

)

(2,980

)

(4,932

)

(4,224

)

NET CURRENT ASSETS

68,491

48,131

116,622

73,658

TOTAL ASSETS LESS CURRENT LIABILITIES

193,582

55,907

249,489

201,598

NET ASSETS

193,582

55,907

249,489

201,598

FUNDS

16

Unrestricted funds

193,582

195,664

Restricted funds

55,907

5,934

TOTAL FUNDS

249,489

201,598

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 17 September 2026 and were signed on its behalf by:

W M Fletcher - 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, with the exception of investments which are included at market value.

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

Fixtures and fittings

-

25% depreciation on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

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.

2.	DONATIONS AND LEGACIES

31.3.26

31.3.25

£

£

Donations

4,962

19,302

Other income

3,437

5,702

8,399

25,004

3.	OTHER TRADING ACTIVITIES

31.3.26

31.3.25

£

£

Hub Sales

97,996

99,317

4.	INVESTMENT INCOME

31.3.26

31.3.25

£

£

Bank account interest

400

514

5.	INCOME FROM CHARITABLE ACTIVITIES

31.3.26

31.3.25

Activity

£

£

Grants

Charitable activities

137,595

31,551

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

31.3.26

31.3.25

£

£

Lochbroom Community Renewables

17,500

-

Highland Council

68,236

3,182

Keep Scotland Beautiful

-

23,590

Sustrans Scotland

-

2,467

Community Growth NHI & WRBio

-

1,682

Tesco-Groundwork (Ullapool SEAS)

-

500

The National Lottery

-

130

CLLD Climate Hub funding

8,000

-

Changeworks

39,749

-

Development Trusts Association Scotland

544

-

Care and Learning Alliance

3,566

-

137,595

31,551

List of grant funded projects and funders for accounts year end 31 March 2026:

Project

Funded by:

HCWP, Highland Community Waste Partnership

National Lottery Climate Action Fund

HECP, Highland Energy Community Partnership

National Lottery coordinated by Changeworks

Green Healthcare - Stepping Stones Project

Scottish Government Whole Family Wellbeing Programme

Single care model- rural care

Scottish Government lead partner CALA Care and Learning Alliance

MTB Mountain Biking Lael

Highland Council Community Regeneration Fund

New Broom Solar

Climate Hub CLLD and CBF

Community Benefit Fund

Surplus profit from Lochbroom Community Renewables, individual donations and sale of items donated specifically to the CBF

Press Pause -Ullapool village index/map

North Highland Initiative and Wester Ross Biosphere

6.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Direct

(see note

Support

Costs

7)

costs

Totals

£

£

£

£

Charitable activities

166,277

17,966

2,097

186,340

Depreciation

5,441

-

-

5,441

171,718

17,966

2,097

191,781

7.	GRANTS PAYABLE

31.3.26

31.3.25

£

£

Charitable activities

17,966

17,152

The total grants paid to institutions during the year was as follows:

31.3.26

31.3.25

£

£

Community Benefit Fund Awards

17,966

16,652

Ullapool SEAS

-

500

17,966

17,152

8.	NET INCOME/(EXPENDITURE)

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

31.3.26

31.3.25

£

£

Depreciation - owned assets

5,441

2,849

9.	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.

10.	STAFF COSTS

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

31.3.26

31.3.25

All staff

10

9

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

11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

5,383

19,621

25,004

Charitable activities

Charitable activities

501

31,050

31,551

Other trading activities

98,627

690

99,317

Investment income

514

-

514

Total

105,025

51,361

156,386

EXPENDITURE ON

Raising funds

3,204

1,308

4,512

Charitable activities

Charitable activities

86,042

52,961

139,003

Depreciation

2,849

-

2,849

Total

92,095

54,269

146,364

NET INCOME/(EXPENDITURE)

12,930

(2,908

)

10,022

RECONCILIATION OF FUNDS

Total funds brought forward

182,736

8,840

191,576

TOTAL FUNDS CARRIED FORWARD

195,666

5,932

201,598

12.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2025

142,488

4,897

147,385

Additions

-

10,368

10,368

At 31 March 2026

142,488

15,265

157,753

DEPRECIATION

At 1 April 2025

14,548

4,897

19,445

Charge for year

2,849

2,592

5,441

At 31 March 2026

17,397

7,489

24,886

NET BOOK VALUE

At 31 March 2026

125,091

7,776

132,867

At 31 March 2025

127,940

-

127,940

Transfer of freehold property to unrestricted

The freehold property, 28 Argyll Street, Ullapool, was purchased with grant assistance from the Scottish Land Fund and is subject to various terms and conditions applicable to its use and ownership. The asset-monitoring period is now complete and all terms of the grant have been met, so trustees have agreed on a transfer to unrestricted funds in accordance with the Charity SORP section 2.12.

13.

STOCKS

31.3.26

31.3.25

£

£

Stocks

696

923

14.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

3,200

2,507

VAT

2,230

-

Accrued income

-

3,312

5,430

5,819