In 1999, the Trust was registered as a Company Limited By Guarantee, with the aim to set about the work needed to develop this much admired harbour. Spearheading a community project with local support, the Trust aims to work for the community to develop the 14 acre (3.5ha) site.

The company has been formed to benefit the community of Sandhaven & Pitullie following objects:

(1) To repair, maintain, conserve and preserve Sandhaven and Pitullie Harbour through the necessary rebuilding and restoration thereof. 

(2) To advance public education concerning the history of Sandhaven and its former neighbouring community Pitullie. 

(3) To advance public education generally and to provide, or assist in the provision of, facilities in the interests of social welfare for recreation and leisure time occupation. 

(4) To relieve those in need by the promotion of trade and industry for the benefit of the general public. 

(5) To promote, and/or provide training and skills of all kinds particularly such skills that will assist residents of Sandhaven and its environs in obtaining paid employment 

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

In pursuance of those aims (but not otherwise), the company shall have the following powers:-

(a) To manage community land and associated assets for the benefit of the Community and the public in general as an important part of the protection and sustainable development of Scotland's natural environment.

(b) To establish, maintain, develop and/or operate a centre or centres providing facilities for childcare, community learning, healthy living initiatives, educational and cultural activities, training activities, leisure pursuits and accommodation for community groups, and for public sector agencies which provide services of benefit to the community, and which may include refreshment facilities.

(c) To advise in relation to, prepare, organise, conduct and/or support training courses, educational and training events and activities of all kinds.

(d) To design, prepare, publish and/or distribute information packs, leaflets, books, newsletters, magazines, posters and other publications, audio visual recordings, multimedia products and display materials, and to create and maintain a website or websites.

(e) To promote, operate, co-ordinate, monitor, and/or support other projects and programmes (which may include workspace projects) which further the aims of the company.

(f) To provide information, advisory, support and/or consultancy services which further the aims of the company.

(g) To liaise with local authorities, central government authorities and agencies, charities/community benefit bodies and others, all with a view to furthering the aims of the company.

(h) To carry on any further activities which further any of the above objects. 

(i) To promote companies whose activities may further one or more of the above objects, or may generate income to support the activities of the company, acquire and hold shares in such companies and carry out, in relation to any such company which is a subsidiary of the company, all such functions as may be associated with a holding company.

(j) To acquire and take over the whole or any part of the undertaking and liabilities of any body holding property or rights which are suitable for the company's activities.

(k) To purchase, take on lease, hire, or otherwise acquire, any property or rights which are suitable for the company's activities.

(I) To improve, manage, develop, or otherwise deal with, all or any part of the property and rights of the company.

(m) To sell, let, hire out, license, or otherwise dispose of, all or any part of the property and rights of the company.

(n) To lend money and give credit (with or without security) and to grant guarantees and issue indemnities.

(o) To borrow money, and to give security in support of any such borrowings by the company, in support of any obligations undertaken by the company or in support of any guarantee issued by the company.

(p) To employ such staff as are considered appropriate for the proper conduct of the company's activities, and to make reasonable provision for the payment of pension and/or other benefits for members of staff, ex-members of staff and their dependants.

(q) To engage such consultants and advisers as are considered appropriate from time to time. 

(r) To effect insurance of all kinds (which may include officers' liability insurance).

(s) To invest any funds which are not immediately required for the company's activities in such investments as may be considered appropriate (and to dispose of, and vary, such investments).

(t) To establish and/or support any other charity, and to make donations for any charitable purpose falling within the company's objectives. 

(u) To take such steps as may be deemed appropriate for the purpose of raising funds for the company's activities. 

(v) To accept grants, donations and legacies of all kinds (and to accept any reasonable conditions attaching to them). 

(w) To oppose, or object to, any application or proceedings which may prejudice the company's interests. 

(x) To enter into any arrangement with any organisation, government or authority which may be advantageous for the purposes of the activities of the company, and to enter into any arrangement for co-operation or mutual assistance with any charity. 

(y) To do anything which may be incidental or conducive to the furtherance of any of the company's objectives.