REGISTERED COMPANY NUMBER: SC221915 (Scotland)

REGISTERED CHARITY NUMBER: SC028393

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2026

for

Ormlie Community Association Ltd.

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

15

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

Objectives and aims

The aim of Ormlie Community Association Ltd is to address social, economic and environmental issues with a view to improving the lives of people living in Caithness and North Sutherland. Our aim is to alleviate poverty and reduce social isolation in the local community.

Achievements and performance

During the year under review through various projects and activities Ormlie Community Association Ltd continued to provide a range of services to provide benefit to a wide spectrum of the community from babies and toddlers, children and teenagers, young families, unemployed and adults.

ACHIEVEMENTS AND PERFORMANCE

Ormlie Community Association Ltd works in partnership with a range of organisations and agencies to deliver their services and activities.

Funding remains a concern in the current economic climate, however the value and benefit of the projects and services offered by the organisation continue to meet the aims of a range of funding sources.

We have continued with the following activities:

- The Children and Young Peoples groups.

- The Silver Citizens Project offering a range of Activities for Older Adults.

- Get IT, our employability and digital access project to meet the needs of those who require support in this field.

- Services for the unemployed, including Employability Workshops.

New projects and improvements:

We have changed the small kitchen into a 1-1 meeting room and have been donated a children's pool and table tennis table. We have purchased new chairs and table for our new 1-1 room through funding.

We deliver a Toddler group in our Community Centre. This has proved to be very successful and well attended by mums, dads and grandparents.

We also run a Toddler group in Halkirk. This is very popular and well attended.

We have adapted our Silver Citizens Project, at their request. They now have two evening groups a week. This has proved to be a great success. They have themed food nights, film nights, card and board games as well as boccia and other activities.

We are running a very successful dementia group where the activities range from chair based activities and games followed by a light lunch.

We run a Baby Sensory group in Halkirk once a week which has attracted many new mothers from all over Caithness.

We have started a new group for 16 - 30 year olds that includes job support, games, quizzes and physical wellbeing activities.

We are in talks with Thurso Grows to create a working garden, where we can support our older adults, adults, children and youths to create vegetable patches, grow fruit and flowers and to enable us to be more sustainable.

We received funding for silver skills to deliver 6 week blocks of various activities ranging from cooking, gardening, digital access and upcycling.

The move from Marr Terrace was completed efficiently and seamlessly for the staff and service users alike.

The Ormlie Centre continues to be used primarily by ourselves. Usage by other voluntary organisations has increased to 5 groups and a sports group regularly using the facility. The Community Centre is also used for occasional lets by a range of organisations.

Ormlie Community Association Ltd continues to have discussions with Highland Council regarding future ownership of the Ormlie Community Centre. We still remain focused with our aim to refurbish the Community Centre.

FINANCIAL REVIEW

Financial position

The trustees have always aimed to have unrestricted funds held by the charity to meet between 3 and 6 months of the resources expended. As ever the trustees will ensure that adequate reserves are maintained.

Reserves policy

As the accounts show the lockdown of 2020 to March 2022 has greatly reduced our funds and revenue of the scope of our accounts is in place. That being said we have identified different activities to meet the users' needs. The trustees have always aimed to have unrestricted funds held by the charity to meet between 3 and 6 months of the resources expended. As ever the trustees will ensure that adequate reserves are maintained.

FUTURE PLANS

Ongoing Review of Policies and Procedures will continue to be maintained.

An asset transfer has been agreed in principle with Highland Council and the OCA are in course of carrying out a feasibility study regarding the finance for upkeep and maintenance of the building.

In accordance with its views and aims regarding environmental issues OCA have been supporting the Warmlie Project which is looking to set up a local community heating initiative. OCA will look to continue its Warm Hub initiative to provide low cost meals and a warm place to meet, which is a popular service.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

All the trustees fall due to retire at the Annual general meeting and, being eligible, offer themselves for re-election.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC221915 (Scotland)

Registered Charity number

SC028393

Registered office

Henderson Street

Thurso

Caithness

KW14 7LD

Trustees

Mr J Kelly

Mr N Macdonald

Mr M Mennie

Mr S Mackie

Mr M Mcconnell

Ms J Calder (resigned 9.6.25)

Miss E Mackenzie (resigned 24.8.26)

Mr D Green (appointed 19.5.25)

Miss M Waddell (appointed 15.9.25)

Mrs S Brown (appointed 17.4.26)

Company Secretary

Miss G Souter

Independent Examiner

Reid & Fraser

Chartered Accountants

15 Princes Street

Thurso

Caithness

KW14 7BQ

Bankers

Bank of Scotland

25 Olrig Street

Thurso

KW14 7HQ

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 3 September 2026 and signed on its behalf by:

Miss G Souter - Secretary

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

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.

Linda Cameron FCCA CTA CA

The Institute of Chartered Accountants of Scotland

Reid & Fraser

Chartered Accountants

15 Princes Street

Thurso

Caithness

KW14 7BQ

21 October 2026

2026

2025

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

4,074

-

4,074

3,045

Charitable activities

5

Charitable Activities

-

92,542

92,542

83,533

Other trading activities

3

2,377

282

2,659

5,342

Investment income

4

-

70

70

114

Other income

6

-

90

90

120

Total

6,451

92,984

99,435

92,154

EXPENDITURE ON

Charitable activities

7

Charitable Activities

-

100,889

100,889

115,545

NET INCOME/(EXPENDITURE)

6,451

(7,905

)

(1,454

)

(23,391

)

RECONCILIATION OF FUNDS

Total funds brought forward

33,620

45,621

79,241

102,632

TOTAL FUNDS CARRIED FORWARD

40,071

37,716

77,787

79,241

2026

2025

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

13

-

11,988

11,988

7,802

CURRENT ASSETS

Debtors

14

-

4,144

4,144

280

Cash at bank

40,071

24,306

64,377

75,040

40,071

28,450

68,521

75,320

CREDITORS

Amounts falling due within one year

15

-

(2,722

)

(2,722

)

(3,881

)

NET CURRENT ASSETS

40,071

25,728

65,799

71,439

TOTAL ASSETS LESS CURRENT LIABILITIES

40,071

37,716

77,787

79,241

NET ASSETS

40,071

37,716

77,787

79,241

FUNDS

16

Unrestricted funds

40,071

33,620

Restricted funds

37,716

45,621

TOTAL FUNDS

77,787

79,241

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 3 September 2026 and were signed on its behalf by:

Mr J Kelly - 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.

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.

Play Area

-

10% straight line

Home Zone

-

10% straight line

Macauley View

-

10% straight line

Fixtures, fittings & equipment

-

15% straight line

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

2026

2025

£

£

Donations

4,074

3,045

3.	OTHER TRADING ACTIVITIES

2026

2025

£

£

Fundraising

282

572

Income - Rental income

2,377

4,770

2,659

5,342

4.	INVESTMENT INCOME

2026

2025

£

£

Deposit account interest

70

114

5.	INCOME FROM CHARITABLE ACTIVITIES

2026

2025

Charitable

Total

Activities

activities

£

£

Grants

92,542

83,533

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

2026

2025

£

£

Highland Council

6,858

5,100

Robertson Trust

12,000

12,000

Foundation Scotland

5,544

-

Bauer Radio

4,042

3,080

Charles Hayward Foundation

-

5,000

The Corra Foundation

2,000

-

Achlachan Wind Farm

-

13,049

Groundwork UK - Tesco Stronger Starts

-

1,000

North Highland Initiative

1,578

3,540

NRS Dounreay

20,000

20,000

Neighbourly

250

510

Science Ceilidh - Curiosity In Action

1,000

1,500

Albyn Housing Association

500

500

Inver House Spirit Awards

-

750

Albert Hunt Trust

5,000

5,000

Allen Lane Foundation

-

5,304

Good Things Foundation

-

1,000

McCarthy Stone Foundation

-

5,200

Sported Foundation

-

1,000

Garfield Weston Foundation

10,000

-

Anton Jurgens Charitable Trust

5,000

-

Dr Guthrie's Assocation SCIO

2,000

-

Carried forward

75,772

83,533

2026

2025

£

£

Brought forward

75,772

83,533

Gordon Fraser CharitableTrust

1,500

-

Ayre Offshore Wind Farm

300

-

ASUK Holdco Limited

500

-

Charities Aid Foundation

400

-

Hubbub Foundation

4,750

-

Access Foundation

8,320

-

Asda

1,000

-

92,542

83,533

6.	OTHER INCOME

2026

2025

£

£

Other Income

90

120

7.	CHARITABLE ACTIVITIES COSTS

Direct

Grant

Costs (see

funding of

Support

note 8)

activities

costs

Totals

£

£

£

£

Charitable Activities

97,486

1,650

1,753

100,889

8.	DIRECT COSTS OF CHARITABLE ACTIVITIES

2026

2025

£

£

Staff costs

79,748

91,684

Staff training

-

33

Rent, rates & insurance

4,282

4,668

Light & heat

243

1,848

Repairs & maintenance

1,460

994

Printing, postage & stationery

2,225

2,359

Activities

2,394

2,734

Travelling & subsistence

280

275

Professional fees

1,440

1,440

Telephone

867

1,993

General expenses

1,461

1,715

Depreciation

3,086

2,932

97,486

112,675

9.	NET INCOME/(EXPENDITURE)

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

2026

2025

£

£

Depreciation - owned assets

3,086

2,932

10.	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 reimbursed during the year (£126 - 2025).

11.	STAFF COSTS

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

2026

2025

Management

1

1

Support

7

7

8

8

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

12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3,045

-

3,045

Charitable activities

Charitable Activities

-

83,533

83,533

Other trading activities

4,770

572

5,342

Investment income

-

114

114

Other income

-

120

120

Total

7,815

84,339

92,154

EXPENDITURE ON

Charitable activities

Charitable Activities

-

115,545

115,545

NET INCOME/(EXPENDITURE)

7,815

(31,206

)

(23,391

)

RECONCILIATION OF FUNDS

Total funds brought forward

25,805

76,827

102,632

TOTAL FUNDS CARRIED FORWARD

33,620

45,621

79,241

13.	TANGIBLE FIXED ASSETS

Play

Home

Fittings &

Macauley

Area

Zone

Equipment

View

Total

£

£

£

£

£

COST

At 1 April 2025

208,071

284,743

29,250

43,133

565,197

Additions

-

-

7,272

-

7,272

Disposals

-

-

-

-

-

At 31 March 2026

208,071

284,743

36,522

43,133

572,469

DEPRECIATION

At 1 April 2025

208,071

284,743

21,449

43,133

557,396

Charge for the year

-

-

3,086

-

3,086

Eliminated on disposal

-

-

-

-

-

At 31 March 2026

208,071

284,743

21,449

43,133

560,482

NET BOOK VALUE

At 31 March 2026

-

-

11,987

-

11,987

At 31 March 2025

-

-

7,801

-

7,801

14.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

4,144

280

15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

542

1,701

Accruals and deferred income

2,180

2,180

2,722

3,881

16.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.25

in funds

31.3.26

£

£

£

Unrestricted funds

General fund

33,620

6,451

40,071

Restricted funds

Restricted Funds

45,621

(7,905

)

37,716

TOTAL FUNDS

79,241

(1,454

)

77,787

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

6,451

-

6,451

Restricted funds

Restricted Funds

92,984

(100,889

)

(7,905

)

TOTAL FUNDS

99,435

(100,889

)

(1,454

)