2025-12-31-accounts

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Isie of Arran Museum Trust

Trustees’ Annual Report for the year ended 31 December 2025

Scottish Charity Number: SC002089

Trustees who served in the financial year

President Joint Chairperson/Secretary

Joint Chairperson/Treasurer

Contact address

ae of Arran Museum Trust, The Heritage Centre, Rosabum, Brodick, Isle of Arran KA27 SDP.

Recruitment and appointment of trustees

All of Isle of Arran Museum Trust trustees are appointed or reappointed by the members at our annual general meeting, which is normally in March each year, With restoration of ferry services to the island the committee are reviewing options to communicate with members and funders.

Governing document

Isle of Arran Museum Trust is a charitable unincorporated association and the purposes and administration arrangement are set out in our constitution.

Charitable purposes

Our purposes, as recorded in our constitution, are to promote Arran heritage through exhibitions at our museum premises and through development of educational resources.

Activities and achievements

The Trust financial results show deficit in year of £8,086 which compares with prior year surplus £16,841. Visitor numbers suffered due to continuing issues with the operation of ferry services. However support for the Trust’s activities on the island remains strong and the finances in the last year have been supported by donations and legacies from local residents

Trustees remuneration and expenses

No trustees received any remuneration during the year (2024 Nil).

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Isle of Arran Museum Trust

Trustees’ Annual Report for the year ended 31 December 2025

Reserves

After incurring deficit of £8,086 in the year (2024 surplus £16,841), the Trust held bank and bond funds of £93,253 (2024 £ 96,563) at the year end.

The trustees consider the general funds of £368,068 (2024 £ 376,154) will enable us to continue to run the affairs of the Trust without the need for specific fundraising activity.

Approval by the trustees and signed on their behalf

Joint Chairperson/Secretary 13 February 2026

isle of Arran Museum Trust

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Independent Examiner’s Report te the Trustees

I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 4 to 6.

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 Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10 (1) (d) 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 independent examiner’s statement

My examination is 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 seeks explanations from the trustees conceming 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 the course of my examination, no matter has come to my attention

1. which gives me reasonable cause to believe that in any material respect the requirement:

2. ® to keep accounting records in accordance with Section 44 (1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

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

have not been met, or

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

Chartered Accountant 11 Piersland Place IRVINE Ayrshire KAI] 1QF

13 February 2026

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Isle of Arran Museum Trust

Isle of Arran MuseumArran MuseumMuseum Trust
Statement ofFinancialActivity for	the yearte31 December 2025			.
		2025		2024
	£	£	£		£
INCOME
Admissions Sales Subscriptions		39,347 23,508 7,864			39,267 21,513 6,928
Gift Aid reclaim		-			-
Donations/fundraising Grants Genealogy Services		17,351 14,073 550			13,825 26,479 438
Bank interest received		1,017			1,271
TOTALINCOME		103,710			109,721
EXPENDITURE
Fundraising expenses:
Purchases forresale	13,748		13,558
Fundraising expenses	969		1,020
	14,717		14,578
Payments for charitable activities
Wages	43,262		41,086
Rates and insurance	5,561		5,061
Heat and light	3,634		6,888
Telephone	1,728		2,392
Repairsandmaintenance	31,201		13,361
Stationery andphotocopying	2,352		1,376
Advertising	2,458		2,082
Membership subscriptions	-		-
Postages	100		85
Exhibitions	-		524
Bank Charges	684		-
General expenses	1,802		816
Depreciation	3,877		4,241
	96,659		77,912
Governance Costs
Accountants Fees	420		390
TOTALEXPENDITURE		111,796			92,880
SURPLUS/(DEFICIT) INYEAR		(8,086)			16,841
RESERVES B/F		376,154			359,313
RESERVESC/F		368,068			376,154

All income received and expenses incurred are unrestricted in nature and balance of reserves as stated above are available for the trustees to use without restriction.

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Isle of Arran Museum Trust

Statement of Balances as at 31 December 2025

		2025			2024
	£		£	£	£
FIXED ASSETS
Heritable property			268,311		271,02]
Tools and equipment			739		985
Furniture and fittings			2,761		3,682
			271,811		275,688
CURRENT ASSETS
Stock	3,424			4,323
Bank: RBS Current Account	3,020			3,025
RBS Deposit Account	87,055			90,360
Income Bond	3,178			3,178
	96,677			100,886
DeductCURRENT LIABILITIES
Accrued charges	(420)			(420)
			96,257		100,466
			368,068		376,154
FINANCED BY
RESERVE FUND (Unrestricted)
Balance b/f			376,154		359,313
Surplus/(deficit) in year			(8,086)		16,841
Balancec/f			368,068		376,154

Approved and signed on its behalf

13 February 2026

,

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Isle of Arran Museum Trust

Notes to the accounts — 31 December 2025

1. The accounts are prepared on a historical cost basis and incorporate accruals and prepayments in accordance with the recommendations of SORP 2005 and provisions of Financial Reporting Standards for Small Enterprises, and the Charities Acts 1990, 1992 and 2005.

2. Depreciation is calculated on a reducing balance basis as noted below

Buildings 1% Tools and equipments 25% Furniture and fittings 25%

Depreciation is charged on heritable property at 1% to represent the diminution in the market value of fixtures contained within building.

==> picture [355 x 234] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |3.|Fixed|Assets| |Heritable|Tools/|Furniture/| |Property|Equipment|Fittings|Total| |£|£|£|£| |Cost:| |As|at|1|Jan|2025|295,466|30,836|20,655|346,957| |Additions|in|year|-|-|-|-| |Disposals|in|year|-|-|-|-| |As|at|31|Dec|2025|295,466|30,836|20,655|346,957| |Aggregate Depreciation| |As|at|1|Jan|2025|24,445|29,851|16,973|71,269| |Charge|for period|2,710|246|92]|3,877| |Re|disposals|-|-|-|-| |As|at|31|Dec|2025|27,155|30,097|17,894|75,146| |Net Book Value|31|Dec|2025|268,311|739|2,761|271,811| |Net Book|Value|31|Dec|2024|271,021|985|3,682|275,688|

----- End of picture text -----

1. Stock is valued at the lower of cost or net realisable value.

2. The Trust banks with Royal Bank of Scotland, and holds funds on deposit and currently has no requirement for overdraft facilities.

3. Accrued charges £ 420 at 31 December 2025 (2024 £ 420) comprise accountancy fees due.

4. The reserve funds are unrestricted and available to the trustees for the ongoing management of the museum.