SHAPINSAY DEVELOPMENT TRUST

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

TTCA Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. SHAPINSAY DEVELOPMENT TRUST · parent
   1. Shapinsay Renewables Limited 100% · Scotland · Wind Energy Production

Significant events

• “The trust completed the purchase of the Smithy from Orkney Islands Council. This has created a café/pub and heritage centre for the island and has been a huge success to date.”
• “The trust are continuing to invest in social housing which will see huge opportunities for islanders and new families to live on Shapinsay to support the community, economy and school which is in a fragile position currently.”
• “The trust acquired the field in May 2023 and has started planning the 5-8 year project. Orkney Islands council has hailed the project with the potential of being a 'blueprint" for communities across Orkney, It is planned to work alongside the council's urban planner in 2023-2025.”
• “In terms of the 'green agenda' the trust continues to enhance the transport fleet and ensure all capital projects that are undertaken have net zero aspects embedded throughout.”
• “The Trust has had another successful year delivering housing on the island. The schoolhouse and No.9 Balfour Village has been completed for a few years now, they house 2 families who are integregated in the community, with the rental income being re-invested by the trust into the community.”
• “Shapinsay Development Trust 'Wellbeing Project has continued to be a huge success, with the Trust funding an additional third day a week. During COVID this project was instrumental on the island which was extremely beneficial and appreciated by the community. The success of the project has meant a further year has been secured taking the project up to 31st March 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.