CROMARfi HALL TRUST Charrty Regrat)n No. SC008281 (Scotland) Company R8Jistration No. SC272852 (Scotland) CROMARTY HALL TRUST ANNUAL REPORT AND UNAUDITED STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
CROMARTY HALL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Directors Helen Butcher Gllian Drysdale Eve Hourston- WelL8 (Resigned 07107125) dww)a Lloyd Gina Penwarden Ruth Glover Susan Sinc Mark SThMth Secretary Gina Penwa(den Char"ty Nunkner SCLX)8281 Company Numb8r SC272852 Princpal Address Back Road SL Margaret's Hope KW17 2SP Registered OffiG8 aeoay Back Road St. Margarevs Hope KW17 2SP Independent Examiner l•oiuniary ACTiCffl Vli(ney 6 Bridge Stre Orkney KW15 1HR
CROMARTY HALL TRUST CONTENTS Pag• Directo, repori Sternent of financi adivitm 5-8 Notss to finanoal ststemefflls 8-14
CROMARTY HALL TRUST DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The dt0[S prosent thgir report aThJ fmancial Statem kn the year er¥Jed 31 DeCM 2025. The accounts have been prepar&J in acwdance with the anI¥j Fokaes set out in note 1 to the a¢¢ounts and comply with the ¢harity'$ MemoraThJum arJ Nrti¢les of Association, appli¢able l•v and the requirements of the Statement of Recommended Pla applicable of charitS prepariThJ their accounts in acxordance with the Financial Reporting Standard applicable in the UK Republi¢ of IfeLarwJ {FRS 102). Thrs report is prepared acurdwtt wilh speual provi8hM of Part 15 ofthe Conynies Act 2Crf)6 rolating to small companles. Oblectlv•• •nd adlvlllos The main object of the chanty is to maintain arml manage the Cromaty H811 for actr11t$ promoted by the charity and lo carry out any building or refvthishment w$ of any adtytion of Ihe prlSe$ or facilities which may al any time be deemed ne$sary or desirabk. and to do all such things as will ftjrther the attainment of this obpd and will contribute to th8 knthedge of the culture. history. environThrrt and devekWnt of tt Cr(Mnaty Hell. but subject to the FKoviso that nothing will be do which wil or may prevent the object of Ihe charity beiw deemed to be charitable. Achl•vemants and p¢rfomianco Regular hires for Fil, Yoga. Pilates. Table tsnnis and traditional dawT¥ were all rDul&n£. and a good number of external hires helped t)osl fvnds. &te and Bther has continued to be well supported. Funding was secured for lighting and leak repaits. Cruis8 ship visitors aTrJ a stint at the Pop Up Shop at St Margarets Hope School added a significant sum to Hall furKIs. as did a wmber of concerts. a1 the Iwo events run by the thal agricultural Society in August and November. We held 8 book sale and exhibrtion of local photcgraphs m June, and ran an Autumn Fair in October. both offering opportunities to open the cafe lo further b005t Hall fuThts. Book sales thrOh0 the year provided another excellent boost to Hal funds. Financial Rwlow Nel outgoing resources for the year amounted to £20.873 (2024:£6.753>. Last year ttrE deficit was wholly the result of depreciation ofthe hall extens)n and equipment {£10,089). Thts yearthe deficit was due to depreciation of £9,767 plus planned maintenance of £15.984. This Maintena involved hxk & door repaits. viindow repairs and wall and light repairs. The charity finished the year with funds of £289.455 whth indudes fixed assets V•ryth a br** value of£268.316. (2024., year end fund8 £310.328. assets book value £278.083). 11 is thè policy of the chartty that unrestri¢W funds whith have not been desw3nated for a specrfic use should be maintained at a level equivalent to tetsveen three and Six rnonths experbjiture. The directors consider that reserves at this levèl will ensura that. in the event Lrf a $tgnThScant drop in fundry. te able to ccwrtinue the charivs eurrenl activities while consideration is given to ¥rdyS in which aldit#Yo1 fu1$ may be raise(l. The trust requires ready acces8 to its frjnds. Ihefekn the polt¢y ts to relain availabk fuThJ$ in a ¢uffent account. The directors have assessed the major risks to whth the charity is exposed and are satisfied that syst9 are in pla¢e to mitwate exposure to major risks.
CROMARTr HALL TRUST DIRECTORS, REPORT (CONTTNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structur•J govornan¢• and m•n•gom•nt The charity is a company limited by guararrtee and having no share c£pilal, and a reLwnk8ed Scottish tharity. Tha directors who sorvad during the y8ar w8r8: Helen Butcher Gillian Dry5dal8 Su58n Graves Eve Hourston-We118 <Re8igned 07107r25) Edwina Lloyd Gina Penwarden Ruth Glover Susan STrnclair Mark Snwlh None of the directOTS has any beneficial terest in the charity. AH of the directors are members of the charity and gUarte8 io contribute £1 in event of ndirj up. In accordance with the companrfs Articles of Asswatton, all the drectors appointed in the year and one third of thè remaining directors shall retire from office at the AGM and. being eligtrile. offer themselves for re*iection. The company is managed by the Board of Dwectors rneet at least fwr tiffle8 a year. Any Strategic deciSiDnS are tsken at board meetiThJs. The directors. report vrns ¥proved by the Board of Direc. Glna P•n¥Anl•n DireeAor o 10.¢.. 26........ ........
CROMARTf HALL TRUST INDEPENDENT EK4MINERS' REPORT TO THE DIRECTORS OF CROMARTY F14LL TRUST I report on the financial statements ol the charity for ts year ermled 31 DeClber 2025, whlch are set out on pages 5 to 14. Rg8PgCtlve r•8pon8ibilili•8 of dir•clov• and •umlngr The charitses directors, are respon3lble for the preparation of the accounts li a¢Qydan with ihe teryns ofthe Charl$ and Trustee Investm8nts (Scotland) Act 2005 and the Charities Accounts {stland) RegulatKmS 2006. The dirèctors consider that the aud6t requlreffnt of Regulation 10(1) la> to (c) of the 2CM)6 A¢¢ots Regulations does not 4>ply. It my responsibility to eXam1r the aw)unts as required under section 44(1) (¢) ofthe Acl and to slate whether particular matters have coff to aftenlion. Bsl8 of Ind4p•ndont examln•Vs stat¢mont My examination is carnied out in accordance with Regulath)n 11 of the Chaiilies Accounts (Scotland} Regulations 2006. An •xaminatKn clud8% a review of tha SntIng r8cord¥ knpt by thè Charity and a compari60n of tho a¢¢ount$ presented wlh those re¢ords. It also indudes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees conceming any such rnatt5. The PTocedures uThlertaken do not provKle all the evidence Ihat would be required in an avdrt and consequenuy I do not express an audit opinion on the view given by the accounts. I have carrted such invesligats'ons as were necessary to enable me to fo an opinion as to whether proper accounting recor¢ls adequate for the purposes of the charity have been kept and whether the accounts of the charity were in accordance with the accounting rrds. Indopendont e¥amln•e¥ stst•rngnt In Connection with my examination. no matter has (me to my attention.. (a) which gives me reasonable cause to believe that in any materFal respect the requiremts. li) to keep accountsng records bn accordance wilh se¢1w 44111(a) of the 2005 Act and R¢gulation 4 of the 20( Accounts Regulations. arKJ lil) to prepare accounts which accord wth the aetountirnJ records aThJ (x*mpSy wilh Rdgulatitin 8 of 2006 Account Regulations have r)ot been mel. or (bl to whth. in my opin. attenlim shId be drawn In order to enable a proper urvJer5tandlng ofthe a¢¢ounts to be reached. frac Anne Stacey MAAT Independent Examiner 6 8r"Klge Street Kirkwall Orkney KW15 1 HR Daled:...... 1.9/9.126.............
CROMARTY HALL TRUST STATEMENT OF FINANCIAL ACTIVlnES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unr•¥trictsd R•stri¢tsd Funds Fund8 T4)ts1 2025 Total 2024 Incom8 from: Donallons and legaoes 1,426 1,OCKJ 2826 2.519 Charitable activitses 9.299 21)) 9899 8.406 Other tradirrfJ actNitie6 3.735 3,736 4,824 Other Total Incomo 15,660 13,749 Raising funds Charitable activities 34.726 1,807 36,$33 20,502 Tol#l r•8ourcM expendod Net (8xpendltureVlncome for the y•arlN•t mov•m•nt In fund• 34,726 IA07 36,533 20,602 {20.266) (607) 120.873 (8.753) Trnnslor botweon fvnds Fund balan5 at 1 January 2025 2,245 310,328 317.081 Fund balanw at 31 December 2025 287,817 1,638 289A55 310.328 The statement of financial acthrties IrlL#JeS all gains and105sts recognised in the year. l incoming and expenditure derive frcth conlinuiNJ adi¥ili8S. The statement of financial aCtNit also c(Knpks with the requiMxnt$ for an income and expenditure account undor the Companies Act 2006.
CROMARTY HALL TRUST STATEMENT OF FINANCIAL ACTMTIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT PRIOR YEAR COMPARISON FIGURES Unvo8trfctsd Res¢d Funds Totsl 2024 Total 2023 ncom• from: Oonations and *aci•¥ 475 2.519 6,010 Charitable activities 6.408 5,765 Otr tradiThJ actiwties 4,824 4824 5,021 Other Total Income 13.274 475 13,749 16.796 Ex nditur• on: Raising funds Charitable activitles 19.712 790 20.502 22.473 Totsl ro8ourcg8 expendod {expondIra}rIncorn8 for th• yoarlNot movement in lund8 19.712 790 20.502 22.473 (6,438} {315) (6,753) 15,677) Transfor bel funds Fund balan at 1 January 2024 314621 2,560 317,081 322,758 Fund balancos at 31 Dornr 2024 308,083 310,328 317,081 The statement of financial activities al gayB and losses recogrwd in the year. All incoming and 8xpendilure derive from conlinuww aciivitm. The statemenl of financial actr4ities also ¢ThleS with the requirements for an and expenditure acrA)unt under the Companies Act 2006.
CROMARTY HALL TRUST BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Flx•d A80•ts Tangibk a8sets Heritage assets 4148 6,435 268,316 278.083 Curr•nt Ag9•ts Debtors Cash at bank and in hand 241 21,554 21.795 2.722 33,437 Cv•dllors: amounts fwlling du• ¥Athln on• y•ar 11 (656) (1.192) Net current assets 21,139 32,245 Total •880ts l•M currnnt liabSlltlo• 289.455 310.328 Deferred Income N•1 ¥58ets 289A55 310.328 Incom• funds Restricted fijnds Unrestri¢led lunds 1,638 287,817 2,245 308 083 310,328 12 The Gompany is entrtd to the exemption from the audit requirement containwj in sedion 477 of tl Companies A¢i 2006, for the year eThled 31 D&mber 2025. No member ofthe c(xnpany has deposited a notir£. pursuant to section 476, requiring an audrt of these financial sLqtements. The directors acknowledge tha"r reSpWl>.lrtIes for ensuYiNJ that the charity keeps a(xa)unting feLY>rds which comply with section 386 of the Act and for preparing ffinancial statements whh give a tnk and f8ir View of the state of the affairs of the ccrfnpany as at the end of the fanUal year and of its inimiThJ resour$ and application of resources, including its income and expenditure, the anCIal year in aC¢4XdanWiIh the requirements ofsections 394 and 395 and whith otheThvh8e compty with the r04u1remts of the C(xxpans Act 2006 lati}g to financial statements. so far a$ applirAble to the (>)MpY. These financial slatements have be prepared in wdance with the provisN)rrè applicable to companies subject to the small compan$ r4ime. The wunts Yre approved by the Dira(ots on..Q...6...J5..+... 2 02 g Glna P Dlr•clor rden Company rogl•trllon No. SC2nes2
CROMARTh HALL TRusr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2025 A¢¢¢)untlng Pollclo8 Charity Infomiatlon Cromaty Hall Trust is a private company limited by guarantee in SLXltland. The registered offio IÈ Sebay. Back Road, St. Margareys Hope. OTkney, KW17 2SP. 1.1 Accounllnq conv•nllon The a¢¢ounts have been prq)ared in with Ihe chafti<s ThwwJrar#lum articles Df aslatiOn, the Charities and Trustee Investrnent (Scotland} Act 2005. the Chaiiti8s Accounts (Scotland) Regulathjns 2006 {as amended) and "Account"ng and Reportiw by Charrtie8'. Statwngnt of Recommended Practic8 applicab to charities preparing thar accounts tn accordance with the Financial Reporting Standard applicable in the UK and ReputrAic of Irgland (FRS 102). (as amend for accjnIlg ¢0Mer1J from 1 January 20221. The eharty 18 a publi¢ Bonofrt Entity as definod by FRS 102. The charity has iaken thantage of the proK4Y)n in the SORP for tharilies appfylro FRS 102 Update Bvlletli 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterliry. which is the functional currenw ol the charity. Monetary amounts in these financial statements a rrnrKled to rrt £. The finCHI statement have been prepared under the hist¢yieal o)st (X)nventh. The pri[v accounting policies adopted are set out below. 1.2 Golng concern At the time ofapproviryJ ts finanryal statem. Ihe directors have a reasonable expectation that the charity has adequate resources to conknue in operational existence for Ihe foreseeable future. Thus the directors Continue to adopt the going concem basis of accounttrvJ in prepariro fmancial statements. 1.3 Charltabl• fund8 Unrestricted funds are available for use at Ihe dIScr1 of the directtys in furiher8Dce of thelr charitable objectives unless the funds have been desKJnatwl for o(h purposes. Restricled funds are subject to specific C(ditiorS by donots as to they may be used. The purpose5 and uses of th8 reskncted furtds are set out in the noles to the nts. 1.4 Incomlng resourc•s Income is regnised when the carity is legalty entitled to it after any f0nance corKJitions have been me( amounts can be measured reliably. arKI it is probabte that income will be Tl¥ed. Ca¥h donations are recognised on elPt. Olher donatiorts are rwnised on(% the tharity has been nolffd of thè donatson, nsS prfOrMan ¢ondrtions requwe dÈfèrrydl of the amwnt. Income tax recoverable in lation to donations received Gift Aid or de&ts of co¥enant is recrwK8ed at the same time of the donalion. Donations. legacies arvj other fonns of voluntary are regnised as nGomlng resources in the Stalement of Financial Activities ISOFAI whon rec4ivabb, oXCPt insofar as ar• incapablg of financial ma8sur8mont. The value of serwices provided by volunteers has rh)t been incJded in Ilse x¢ounts. Grants. including grants for th8 purchase of fe assets. are recogni8ed full in ts SOFA in the year wi wh they are re¢eNable. Grants relating to futurè aco)unting ped$ a deferred. Incoming resources from Services are inckklejj when recerAk.
CROMARTY HALL TRUST NOTES TO ThE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting polici (ContInu) 1.5 Resources oxponded Expendilure is included in rescwrces exp&thJ on an acuuals bas, inctusive of any VAT which cannot be Cost of generaling furKls cthryirise the costs associ with allraciiry voluntary i1me and the costs of fundraising events. Charitable expendiiure ¢c¥nprises those &)sts Incurr wi the dNery of the charity's aclivilies aThJ services for 11$ beneficiaries. It indje$ both costs that can èe allocated to such activities. those costs of an indirect nature necessary to spOrt them, and goveman(¥ costs fiich include those cost8 associated with meeting the constitutiona and statutory requirements of ts charity. 1.6 Tanglble fix•d assots Tangible fixed assets afe inilialty measurvj al (glst and sthequth measured at cost or valuation. net of depreuation and ony impairment10•60s. Tangible fixed assets are stated al cost less dwecithn. DepTeciath)n 15 provÉd&J at rates calculated to write off Ihe cost less estynated rosidual value of eath asset ovw its expe(tsd useful lrfe, as follows.. H8ritage asset 50 years strawJht h'no Fixtures, fittings and equitrfnent 20% reduciw balance The gain or loss arisillg on the dK8FM)sal of an asset is detemined as the dIffenCe befvn the sale proceeds and the carying value of the asset. aThJ is rewnised in net mcc1(expendrtUre) for the year. 1.7 Impairment of fixod a880ts At eath PortIng 81 date, the charity fewews the rrying amwnts of its tsngible and intsn9lole 8$#ets to determine whether there is any WKlication Ihat those assets have suffered an impairment loss. If any 5uGh irNItion exists. the recoverable amount of ts asset 15 eStiTed in er to detemine the extent of the impairment loss (if any). Intangible assets with widefnile Lrneful Ir aTrJ intangible assets not yet availab for use are tested for impainnent annually, and whenever there an irKatn that the asset may be inpaired 1A Cash and Gash oquiv¥lonts Cash and cash equivalents nclude cash in hand, deposits hehj at call with banks, other short-term liquid investments with crfiginai Maturit of three or less, ard bank overdrn Bank overdrafts are Shown withui borrowing in CU liabilibes. 1.9 Finnelal In*lrum•fits The charity has ele¢bY to appty the provBions of SeclM)n 11 'Basic Financial Instruffths. of FRS 102 to all of its financial insinrnents. Financial Instruments are recognised in the balance sheet vAvi Ihe ¢hafity be¢ms paty to the contractual provisions of the instrument. FinancHI assets and liab11rt affj offset. wilh the net amwnts presented in the fmancral statements. when there is a legally enforceable right to set off the cognised amounts and there is an rrtention to settle on a net basts or to realise the asset and setue the liabilty simultan8(wsty.
CROMARTY HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcl88 Icontinuod) Ba8lc flnancw a880ts Basic financial a$t$. lch Ind10 debtorn and cash and bank balan. arn initialty maasur8d at transactSon price including transxtion Gosts and are SUbSeqL Carried at amOrt ¢0st using the effective interest method unless ts arrangement constitutes a financwvJ transaction. where the transacth)n is measured at the present value of the future reip1S disLxJunted at a fflaet rate of wrtW85t. Flnan¢ial assets classified 8$ receivable within one year are not rttsed. Baslc financlal liabll516•8 Basic finanal liabilibes, IludIr3 creditors and bank loans are inr(ialty recognised at transaclM)n prieé unless the arrangement constitutes a financtng transaction. where the debt instrument is measured at the present value of the future payments dis¢wnted at a market rate of interest. Finala1 liabilrties classid as payable within one year are not anN)rti. Oebt instrumènts a subwuenty Caled at arn(xtised oJs( K¥j the effedNe interest rate method. Trade creditors are obligatiorts to pay for go(xJs ow servKes that have been acquired in ordinary course of Operan5 fiom yjppliers. Amounts payable are ¢lassffied as current liab11rt rf payment is due within one ye8r or less. If not they are presented as non-curfenl h'abilrti85. Trade crtOrS are recognised initially at transaction price arKI SLbsequenlly measured at anortised c¥)st usry the effedive interest m8th0d. Dèr•cognltSon of financlal liobilltlo• Financial liabllit¢es afe derecLxJnised tre charitys Obt expl or are distharged or canclled. Crlllcal accounllng timaS and Judgem¢nts In the application oflhe charity's a(ting tre directo arE rEqulred io make judgemerrtS. e¥+tlmates and assumptiMs about the carrying arnount of assets and liabilities that are not readily apparent from other sources. The estimates arKI as¥ociated assumpb.ons a based on historical eXperce and othei fadorn that are con$iJered to be relevant. Adual resuts may differ from theso eslimates. The estimales arthj urJthirwJ a&SptIOnS are reviewj on an or¥Jowig basis. Revisions to arUnting estimates are recc4Jnised in the period In which the e8tlln8le is re¥ed where the revislon 8ffecla On that period or ui the period of the wision and future p8rir*ds vthere the revksion affects both currenl and futu periods. Donallons and Loga¢i•• Unrestricted Funds 2024 ReStrd Funds 2024 FuThJs 2025 Funds 2025 Total 2025 Total 2024 Donations and gifts 1.166 166 1.774 1.774 Grants rec4vable 475 475 Membership fees For the year ended 31 December 260 270 270 1,426 1426 475 2.519 io
CROMARTY HALL TRUST NOTES TO THE FIPi4NCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Charitablo a¢tiviti08 2025 2024 Charitablg rental irKome 4,598 4.701 9.299 5,998 408 Events 6.406 Charitsble oxpondilurp includes £600 ¢haryed by the ir*ndent examiner for accounts preparation and independént èxaminations sérvices (2024: £600). Grants v•¢glv•d 2025 2024 VAO Community Mertsl Heafth & Wete Orkney Islands CaJnc41- Repairs 475 200 475 DtrKtovg Jring the year three directors received relrtwrsed expenges of £1,748 (2024.. 4 directors £909). Employo There were no empbyee5 during the yew. TaxOn The tharitable cclnpany is exempt fr( corporatx)n tax as all its income is thantable and is applied for tharitable purposes. li
CROMARTY HALL TRusr NOTES TO THE FINANCIAL sTATEmEs ICOKnNUED) FOR THE Y84R ENDED 31 DECEMBER 2025 T¥ngibkn fixod as••ts Fixtyrn8. Fltting8 & Equipment Land and 8uilding Computer Totsl Ct At 1 January 2025 Addition5 423.98S 50.609 474,594 At 31 Decernber 2025 Depreclatlon and impaimient At 1 January 2025 DepreCiat)n charged in tho year 152.338 44.173 1287 198.511 9.767 At 31 Decernber 2025 160.818 206.278 Carrylng amount At 31 December 2024 6.435 278 083 At 31 December 2025 263,168 5.148 268.316 Flxtum. Fitlings & Equlpment 2024 compari80n Land and Bulldlng8 Computèr Totsl Cost At 1 January 2024 Addiknons 423.985 50,609 474,594 At 31 December 2024 423.985 474,594 Dèprè¢latlon and irnpairn*nt At 1 January 2024 t)eprecialion Charged in the ye 143.858 42,564 186.422 10.089 At 310ecember 2024 152.338 44.173 196,511 Carrying amount At 310ecember 2023 280,128 288.172 At 31 December 2024 6.435 278 083
CROMARTY HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE Y&4R ENDED 31 DECEMBER 2025 The Cromaty Hall was donated to the peop of South RonahJ8ay in 1878 by local businessman philanthropist William Crsyn8ty. It h8$ served as the communty hall ever since and over the yEars has hosted 1nnUnrab1e dances, CorrtS. weddings. parties and pantomimeg. ag as 1n(lesS fundraff events and even military funerals. For many years it seNad as the koal unem8 and rxwJinal screen is stll in pla, in perfect condit1t. in thè hall. The Lmlque stage with it5 prOniuM arch and gaNery. aw with the balcony with its seatiNJ, were saved from demolition and fully integrated into the extensk)n and refrjrbishment Wofk undertaken by the charity. Thè gift of the Hall to trte charity in 21Y)5 is rM)t recniSed li these &Lxiunts as cost of obtaining a valuation of the gift is th0ht lety to exceed the beneffts of cbts#iiTrJ the valuat. The cost of the extenOn and refurbishTrvrtworks urKJwtaken by thrity belvffjen 2(M)S and 2014, a iotsl of £423.985, has been capitalssed at cost aTrJ depre(¥ated a stra3ht-&ne basis over ffly years. It is the polcy of the charity to maintain preseNe the Hall in perlty. Flnanclal ItrUm9n 2025 2024 Carrylng amount of flnancial •xs•ts Carrylng am¢)unt of ffnanclal Ihbilitles Measured at amortised cost 10 Dobtorn 2023 2024 Amounts lalllng due wlthln one y¢ar. Prepayments and aCcnd irKome 241 2.722 11 Cr•ditorn: amounts falling duo within one year 202S 2024 Accruals and deferred income 658 1,192 13
CROMARTY HALL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENOED 31 DECEMBER 2025 12 Andyal8 of n•t u••ts b•iwn fund• Fund balances at 31 December rewes4)t by.. Funds 2025 Tot•1 2025 Funds 2024 Funds 2024 Total 2024 2025 Tanglble assets 266.678 1.838 2rt316 276.035 278,083 Current asselsl(liabilities) 21.795 21.795 33.240 197 33,437 Provisions and deferred income (656) 1656) (1,192) 11,192) 287.817 1.e38 289.455 308.083 2.245 310.328 13 Securlty As part of the contract for lottery grant funding, a stsndard security has been granted in favour of the National Lollery Charities Board over the larKI and buildings of Cromaty Hall. The conditM)ns of the c<traCt appty for a peikKI of 80 years trom the date of imprcwement of the Cromaty Hal. If the company is in breach of any of the grant conditions during this period. then the grant shall be repayab, and the stsndard security may be called up. 14