Blackhill Windfarm Community Fund Limited

	Page
Trustees' Report	1—4
Independent Examiner's Report	5
Statement of Financial Activities (including Income and Expenditure Account)	6
Balance Sheet	7
Notes to the Financial Statements	8—12

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

Objectives and Activities

Aims and Objectives

A summary of the objectives of the company can be described as: -

The advancement of community development by providing funding for the regeneration,
Maintenance and improvement of the physical, social and economic infrastructure of the Blackhill community, including the provision of social, recreational, health, educational, cultural and environmental facilities within the Blackhill community, taking into consideration the availability of alternative funding with a preference for funds to be used as additional rather than alternative funding, and generally to do all such things as shall further these objectives.
The Grant Funding Agreement with Black Hill Wind Farm Limited puts the objectives more simply: (a) Environmental sustainability, (b) Energy efficiency and conservation,(c) Social sustainability

Achievements and Performance

Main Achievements

Performance

Once again, the Directors of the Blackhill Windfarm Community Fund have taken a proactive

involvement in contributing funding to sustainable projects in the Blackhill area.

We have supported 24 applications (2025: 15 applications) over the last 12 months and injected some £59,110 (2025: £46,922) into the local economy. Our modest project funding averaging around £2,500 per project and ranging from £350 to £5,000 is key to supporting local groups.

We believe that not only does our funding provide direct financial support, but our willingness to support worthy causes helps applicants access other sources of financial support.

Our aim is always to proactively fund projects or initiatives that have a positive long-term effect on our communities, and we feel that, without exception, our aim has been achieved this year.

Plans for future periods

We continually identify areas in our approach that would benefit from strengthening and change. We will continue to attempt to keep our number of Directors at, or near, the maximum of 8.

Financial Review

Financial Position

At the end of the 12 month period there was a deficit of £20,006 (2025: surplus of £2,864), leaving unrestricted reserves of £17,484 to be carried forward to future years.

Reserves Policy

Funds held by the charity are all unrestricted. The unrestricted funds can be used in accordance with the charitable objectives of the company at the discretion of the Directors. Cash reserves are reviewed on a regular basis and are held at such a level to ensure ongoing financial stability and operation of the charity.

The actual free reserves held as at 31st March 2026 were £17,484 (2025: £37,490).

Principle funding sources

The only funding source for the period under review was grant funding from Black Hill Wind Farm Limited and amounted to £44,375 (2025: £46,493). It is expected that income at this level will be received for the foreseeable future.

Investment Policy

Under the Memorandum and Articles of Association, the charity has the power to invest funds not immediately required for the purposes of the charity's activities in such investments and securities (including land in any part of the world) and that in such manner as may from time to time be considered advantageous (subject to compliance with any applicable legal requirement) and to dispose of and vary such investments and securities.

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Blackhill Windfarm Community Fund Limited

Trustees' Report (continued)

For The Year Ended 31 March 2026

Structure, Governance and Management

Governing Document

The company is limited by guarantee and governed by its Memorandum of Association, Articles of Association and Grant Funding Agreement dated 30th September 2009. It is registered as a charity with the Office of the Scottish Charity Regulator. Each of the four Founding Members (Abbey St Bathans, Bonkyl and Preston Community Council - Duns Community Council - Gavinton, Fogo and Polworth Community Council - Lammermuir Community Council) has agreed to contribute £1 in the event of the company winding up.

Trustee Selection Methods

Whilst they remain a member of the company each founder may at any time, by notice in writing to the Secretary, remove any director appointed by them and appoint any other person as a director. The community council directors have the power to appoint up to 4 additional directors to the board, to provide skills and expertise which are not provided in full by the community council directors. Such directors must resign immediately prior to the subsequent AGM but may be reappointed at that AGM.

At the year end, the directors representing each of the Members were as follows: -

Stuart Renton - appointed by Duns Community Council

Joy Dobie - appointed by Abbey St Bathans, Bonkyl & Preston Community Council

Keith Dickinson - appointed by Gavinton, Fogo & Polworth Community Council

Adam Prokopowicz - appointed by Lammermuir Community Council

In addition, Tim Myer, Andrew McEwen, Richard Jones and Nicola Seed are independent.

Blackhill Windfarm Limited is represented by Calum Whiteford (not appointed as a director).

Director Induction and Training

The directors work within the guidelines of the Memorandum of Association, Articles of Association, and Grant Funding Agreement and there is induction guidance to these documents in place.

Organisation

The board meets quarterly to discuss grant awards and the running of the company.

Risk Management

The directors have a risk management strategy in place, which comprises: -

Discussion of non-financial risks at all board meetings.

Establishment of systems and procedures to mitigate and manage identified risks.

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Blackhill Windfarm Community Fund Limited

Trustees' Report (continued)

For The Year Ended 31 March 2026

Reference and Administrative Details

Trustees

Mr Tim Myer - Secretary

Mr Keith Dickinson

Mrs Joy Dobie

Mr Richard Jones (appointed 12/11/2025)

Mr Andrew McEwen

Mr Adam Prokopowicz

Mr Stuart Renton

Mrs Nicola Seed (appointed 11/02/2026)

Company Secretary

Mr Tim Myer

Other Personnel

Calum Whiteford - Representative of Blackhill Windfarm Limited

Charity Number

SC040945

Company Number

SC354435

Independent Examiner

Michael Doyle FMAAT

Doyle Accountancy Ltd

36 Castle Street
Duns
Scottish Borders
TD11 3DP

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Blackhill Windfarm Community Fund Limited

Trustees' Report (continued)

For The Year Ended 31 March 2026

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:

Mr Tim Myer

Trustee

09/09/2026

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Blackhill Windfarm Community Fund Limited

Independent Examiner's Report to the Trustees of Blackhill Windfarm Community Fund Limited

For The Year Ended 31 March 2026

Independent Examiner's Report to the Trustees of Blackhill Windfarm Community Fund Limited

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 The Association of Accounting Technicians, which is one of the listed bodies.

In the course of my examination, no matter has come to my attention

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
- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations

have not been met, or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Michael Doyle FMAAT

09/09/2026

36 Castle Street
Duns
Scottish Borders
TD11 3DP

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Blackhill Windfarm Community Fund Limited

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	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	44,375	46,493
Investments	4	141	238

		44,516	46,731

EXPENDITURE ON:
Charitable activities:	5
Grants		(59,110 )	(46,922 )
Support Costs		(5,412 )	(2,673 )

		(64,522 )	(49,595 )

NET EXPENDITURE		(20,006 )	(2,864 )


NET MOVEMENT IN FUNDS		(20,006 )	(2,864 )
RECONCILIATION OF FUNDS:
Total funds brought forward		37,490	40,354

TOTAL FUNDS CARRIED FORWARD	12	17,484	37,490

The notes on pages 8 to 12 form part of these financial statements.

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Blackhill Windfarm Community Fund Limited

Balance Sheet

As At 31 March 2026

Balance Sheet

		2026	2025
		Unrestricted funds	Total funds
	Notes	£	£
FIXED ASSETS

CURRENT ASSETS
Cash at bank and in hand		21,382	38,150

		21,382	38,150
Creditors: Amounts Falling Due Within One Year	11	(3,898 )	(660 )

NET CURRENT ASSETS (LIABILITIES)		17,484	37,490

TOTAL ASSETS LESS CURRENT LIABILITIES		17,484	37,490

NET ASSETS		17,484	37,490

FUNDS OF THE CHARITY
Unrestricted Funds		17,484	37,490

TOTAL FUNDS	12	17,484	37,490

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

Mr Tim Myer

Trustee

09/09/2026

The notes on pages 8 to 12 form part of these financial statements.

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Blackhill Windfarm Community Fund Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Blackhill Windfarm Community Fund Limited is a company limited by guarantee, incorporated in Scotland, registered number SC354435 and registered charity number SC040945 . 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

All incoming resources are included in the statement of financial activities when the Charity is

entitled to the income and the amount can be quantified with reasonable accuracy.

2.3. Resources Expended

Expenditure is recognised on an accrual basis as a liability is incurred.

Costs of generating funds are those costs incurred in attracting voluntary income and thecosts incurred in trading activities that raise funds.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services to beneficiaries. It includes both the direct and indirect costs necessary to support these activities.
Grants payable are recognised as expenditure once applications are approved by thetrustees at trustee meetings.

Governance costs include those costs associated with meeting the constitutional andstatutory requirements of the charity and include the audit fees and costs linked to thestrategic management of the charity.

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:

Computer Equipment

33% Straight Line

2.5. 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

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Grants	44,375	46,493

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Blackhill Windfarm Community Fund Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Investment Income

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	141	238

5. Analysis of Expenditure

			2026
	Grant funding of activities (see note 6 )	Support costs (see note 7 )	Total
	£	£	£
Grants	59,110	-	59,110
Support Costs	-	5,412	5,412

	59,110	5,412	64,522

			2025
	Grant funding of activities (see note 6 )	Support costs (see note 7 )	Total
	£	£	£
Grants	46,922	-	46,922
Support Costs	-	2,673	2,673

	46,922	2,673	49,595

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Blackhill Windfarm Community Fund Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Grants Payable

	2026	2025
	Grants to	Grants to
	Institutions	Institutions
	£	£
Grants	59,110	46,922

Grants paid to institutions, included above, are as follows:

	2026	2025
	£	£
PF Ayton Primary School	-	5,000
Admiral Ramsay Museum	-	2,750
A Heart for Duns	3,116	4,910
BHS Parents Council	-	1,000
Live Learn Earn CIC	5,000	5,000
BYPDF	-	2,000
Duns Swimming Pool	-	5,634
Duns Community Newsletter	-	895
Duns Play Fest	2,000	5,520
Duns Community Nursery	-	1,955
DDAOS	-	1,800
DPS Musical Theatre Club	-	1,000
Duns RFC	-	3,500
BHS Musical Theatre Group	-	5,000
Chirnside Common Good Association	-	958
Sea the Change	5,000	-
Alotments 4 Chirnside	4,270	-
Berwick Literary Festival	2,900	-
Duns Amateur Swimming Club	2,000	-
Manderson Cricket Club	3,452	-
Duns Burns Club	360	-
Greener Duns	705	-
Duns Senior Citizens	2,000	-
Duns Football Club	5,000	-
Interest Link Borders	2,000	-
International Tartans CIC	3,630	-
Peer 2 Peer Mindfulness	3,500	-
Borders Greenway	1,359	-
Duns Pipe Band	2,087	-
BCA	4,100	-
Berwickshire Federation of SWI	1,000	-
Abundant Borders	632	-
Word Weavers	1,350	-
NSA Scotsheet	500	-

	55,962	46,922

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Blackhill Windfarm Community Fund Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Support Costs

	2026	2025
	Support Costs	Support Costs
	£	£
General administration	4,562	1,997
Governance costs	850	676

	5,412	2,673

8. Independent Examiner's Remuneration

	2026	2025
	£	£
Independent examination of the financial statements	750	660

9. Average Number of Employees

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

10. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2025	633

As at 31 March 2026	633

Depreciation
As at 1 April 2025	633

As at 31 March 2026	633

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

11. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Accruals and deferred income	750	660
Accruals for grants payable	3,148	-

	3,898	660

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Blackhill Windfarm Community Fund Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

12. Movement in Funds

	As at 1 April 2025	Income	Expenditure	As at 31 March 2026
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	37,490	44,516	(64,522 )	17,484


Total funds	37,490	44,516	(64,522 )	17,484

	As at 1 April 2024	Income	Expenditure	As at 31 March 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	40,354	46,731	(49,595 )	37,490


Total funds	40,354	46,731	(49,595 )	37,490

13. Transactions with Trustees

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

	2026	2025
	£	£

14. Related Party Disclosures

Key management personnel (including directors) received compensation of £NIL