REGISTERED CHARITY NUMBER: SC009962
Re
ort of the Trustees and
dited Financial Statement for the Year Ended 31 December
for
Banff Castle Communlt Association
M Squared Accountants
Bank House
Seaforth Street
Fraserburgh
Aberdeenshire
AB43 98B

Banff Ca511e Communil Association
Contents of the Financial Slalemenls
for the Year Ended 31 December 2024
Page
Report of the Trustee$
Independellt Examinels Report
Statement of Financial Activitie5
Balance Sheet
Note5 to the Finanelal Slalements
7 10 13
Detailed Statement of Financial AGtivlties
14 to 15

Banff Castle
mmuni
Association
Re
ort of the Trustees
for the Year Ended 31 Decernber 2024
The trustees present their report with the financlal statements of the charity for the year ended
31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by
Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 102) leffeclive 1 January 20191.
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote the well being of the community resident in the Royal Burgh of Banff and its immediate
neighbourhood by associating with local authorities, voluntary youth and adult organisations and
residents in a common effort to further health, to advance education, to provide a me81ing place
and facilities for physical and Tnenlal training and recreation and social, moral and intellectu81
development and lo foster a community spirit for the achievement of those and such oiher
purposes as may by law be deemed charitable. To establish, maintain and rnanage a community
centre for aetivili8s promoted by the association and its constituent members or otherwise
approved by the association in furtheianGe of the above objec15 or any of them.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Committee Achievements and Challenges in the Post-COVID Period
Followng the challenges posed by the COVID-19 pandemic, the Committee has continued to make
strong progress in revitalising community engagement through a vibrant programme of events
throughout the year.
More than 20.000 people visited the facility during 2024, with many taking part in both indoor and
outdoor activities and enjoying the improved environment. This remarkable level of participation
reflects the communills enthusiasm for returning to in-person galherlngs. Highlights included:
The Highland Feslival, which marked a momentous occasion and enjoyed overwhelming public
support.
The Blue Light Festival, celebrating emergency services while crealing valuable opportunities for
residents lo meet and thank first responders.
Family Activity Day. a fun-filled event designed for Ghildren and families.
Classic Car Day, which brought together car enthusiasts and visitors of all ages.
Banff Castle Rocks, a day of lop music entertainment including former chart-lopping band 'Bay
City Rollers,
These events were made possible thanks to the generoslty of donors and sponsors, whose
contributions were instrumental to their success.
While organising events brought many rewards, the committee also faGeé ongoing challenges in
maintaining th8 grounds and buildings. In particular, recommendatlons from a Fire Risk
Assessment required urgent attention. One positive development was the transformallors of the
outdoor space, thanks to the dedication of a volunteer who gr8ally enhanced the landscaping,
creating a more welcoming environment for visitors.
Page 1

8anff C slle Communi
socialion
Re
ort of the Trustees
for the Year Ended 31 December 2024
ACHIEVEMENT AND PERFORMANCE
Charitable actlvltie$ Gontd.
Alongside these improvements, the committee Invested 51gnificant financial resources into
essential upgrades, including fire safety measures, general repairs, and redecoration. These works
were wlal for ensuring the safety and comfort of all users bul placed considerable pressure on the
budget.
Encouragingly, bookings for meetings and training sessions increased, bringing new groups and
aGlivilies into the venue and strengthening its reputation as a hub for both community and
professional gatherings.
During the year a number of new volunteers were re¢ruiled. The volunteers assisted to deliver
events, strengthen income generation and delivered positive results.
Further inve51menl in 2024 supported furthèr professional architectural services, as well as
planning and building warrants to convert ursused areas into new exhibilion, conference, and
meeting Spaces. Grant funding was successfully secured. enabling the remodelllng of a previously
unusable section of the building. These works were completed in 2025 and represent a long-term
investment expected to deliver significant benefits for years to come.
A number of council grants assisted with Infrastructure and equipmont to enhan￿ users and
visitors experience.
The Castle Garden Café has beGome an important element of the venue allracting regular
Customers.
In summary Banff Castle Community Centre has become well established as a must V1511 place
and brought new life to Banff with rnany local businesses benefiting from significant increases in
visitors lo the area.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlSed by its governing docL¢menl, a deed of trust and constitutes an
unincorporated Charity.
The associ8tlon was sel up In 1952 and is recognised as a Scottish ChaTIIy.
The Gh3ri1y is administered in accordance with the terms of the conslilution.
ReGYUltrnent and appointment of new trustees
Appointment and removal is in accordanc@ with the association whlch requires that appolntment is
approved by unanimous ogreement of the existing Iruslees and removal of any trustees by
unanimous agreement of the others.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charlty number
SC009962
Page 2

Ban
astle Communll Association
ort of the Tnjstees
for the Y ar Ended 31 De
mber 2024
prtnclpal address
Banff Castle
Castla Street
Banff
Banffshirè
AB45 1DL
Trustees
Independent Examlner
M Squared AcGounlants
B8nk House
Seaforth Streel
Fraserburyh
Aberdeenshire
AB43 9BB
Approved by order of the board of trLtstees on
behalf by..
Iq.:Oq:202
and slgned on its
Page 3

Inde
ende
t Exam
r's Re
Banff Castle Co
muni
I report on the accounts for the year ended 31 Dec8mber 2024 set out on pages flve to thirteen.
ort to the Truste
soclation
Respg¢tlve rèsponsibllilies of trustees and gxaminer
The charity's trustees are responsible for the pfftporalion of the accounts in accordance with the
terms of ltte Charltles and Trusteè Investment IScolland} Act 2005 and the Charitie5 Accounts
{Scoll8nd} Regulallon5 2006 las amended). The charitls tru51ees consider that th8 audit
reqviremenl of Regulation 10{1)la) to {cl of the Accounls Ragulalions does not apply. It is my
responsibility lo examine Ihe accounts as required under Seclion 44111(c) of the Act and to slate
whether particular matters have come to my attention.
Basis of the Independent •xamlner's rèport
My examinalion was carried out in accordance with Regulation 11 of the Charilie$ A¢countS
(Scolland) Regulations 2006. An examination includes a review of the accounting rec(￿d8 kept by
the charity and a comparison of the accounts presented wllh those records. It also includes
nsideralion of any unusual items or disclosures in the accounts, and seeking exp18n21ions from
you as trustees concerning any 5uGh mallers. Ttre proceduros undertaken do not provide all the
evidence mal would be required in an audit, and Gonsequenlly I do not express an audit opinion on
the vlew givon by the aecounl5.
Independent examlnerfs statement
In conlleGlion with My ex8mination, no matter has corne lo my attention
(1} which gives me reasonable cause to believe that, in eny maleTlal rgspect, the requlrements
to keep accounting records In accordance with Section 4411lla} of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations., and
to prepare accounts which accord with the accounting records and to ￿mplY WI￿ Regulation
8 of the 2006 Accounts Regulalions
have not been mel. or
12) lo which, in my opinion, attention should be drawn in order to enable a proper understanding
of the a¢¢ounts lo be reached.
M Squared Accountants
Bank House
Sealorth StTeet
Fraserburgh
Aberdeen5hire
AB43 9BB
Date..
Page 4

anff C8slle Communil Associ
on
Slalemenl of Financlal Activities
for the Year Ended 31 December 2024
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricted Restricted
fund
funds
Notes
INCOME AND ENDOWMENTS FROM
Charitable actlvitles
Charitable activities
34.801
7,260
42.061
56,018
Other trading activities
Investment income
35,027
1,143
35,027
1.143
24,594
923
Total
70,971
7,260
78,231
81,535
EXPENDITURE ON
Raising funds
26,933
7.260
34,193
34,635
Charitsble activlties
Charitable activities
35.189
35,189
48,610
Total
62,122
7,260
69.382
83.245
NET INCOMEI{EXPENDITUREI
8,849
8,849
(1,7101
RECONCILIATION OF FUNDS
Total funds brought forward
61,396
61,396
63,106
TOTAL FUNDS CARRIED FORWARD
70,245
70,245
61,396
The notes form part of these financi81 slalements
Page 5

anff
asllg Communi
Assoc
lion
Balance Sheet
31 Decerllber 2024
31.12.24
Total
funds
31.12.23
Total
funds
UnreslriGled Restricted
fund
lunds
Notes
FIXED ASSETS
Tangibb assets
17,275
14,475
31.750
9,642
CURRENT ASSETS
Stock$
Debtors
Cash at bonk and in hand
1.QOO
11,578
52,000
1,000
11,578
52.000
1,000
3,483
49,448
64,578
64.57e
53,931
REDITORS
Amounls falling due within one year
10
111,608)
(11,608)
12,177)
NET CURRETrtr ASSETS
52,970
52,970
51,754
TOTAL ASSETS LESS CURRENT
LIABILITIES
70,245
14.475
84,720
61,396
CREDITORS
Amounts falling due after more than one
year
11
{14,4751 I14,475}
NET ASSETS
70,245
70,245
61.396
FUNDS
UnrestrScted funds
12
70,245
61,396
TOTAL FUNDS
70,245
61,396
The financial 51atemenls wtrre approved by the Board of Trustees and authorised for Issue on
. and wore glgned on its behaff by..
The notes form part of thgso flnanelal slalemenls
Page 6

Banff Cas
ommuni
Association
Notes lo the Financial Statements
for the Year Ended 31 December 2024
ACCOUNTING POLICIES
Basls of preparing tho flnancial statements
The financial statements of the charity, which is a public benefll entity under FRS 102, have
been prepared in accoTdance with the Charitie5 SORP IFRS 1021 'Accounling and Reporting
by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financlal Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 {effeclive 1 January 20191,, Financial Repo￿.ng Slardard 102
'The Financi31 Reporting Standard applicablo In the UK and Republic of Ireland, and the
Charities and Trustee Investment (Scolland) Act 2005. The financial slalemenls have been
prepared under the historical cost convention.
Income
All income is recognised in the Slalemer¢l of Financial Activities once the charity has
entitlement to the funds, it is probable that the incorne will ba received and the amount can
be measured reliably.
Expendlture
Liabilities are recooni5ed as expenditure as soon a5 there is a legal or constructive obligation
committing the ¢harily lo that expenditure, it is probable that a tr8nsfer of economic benefits
will be required in selllemenl and the amount of the obligation can be measured reliably.
Expenditure is 8ceounted lor on an accruals basis and has been classified under headings
Ih81 aggregate all cost related to the category. Where costs cannot be directly allribuled to
particular headings they have been allocated lo activities on a basis consislenl with tha use
of resources.
Tangible flxed assets
Depreciation is provlded at the following annual rates In order to write off each asset over its
estimated useful life.
Improvements lo property
Plant and machinery
Computer equipment
5QA on cost
Slraighl Ilne over 4 years
Straight line over 4 years
Stocks
Stocks are valued al the lower of cost and nel realisable value. after making due allowance
for obsolete 8nd slow moving items.
Taxation
The charity is exempt from lax on it5 charitable aclivilies.
Fund accounting
Unreslricled funds Gan be used in acGordanGe with the charrtable objectlves at the discretion
of the trustees.
RestriGted funds can only be used for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by Ihg donor or when funds are raised for
particular restricted purposes.
Further explanallon of the nature and purpose of each fund is included in the notes to the
rinancial slalemenls.
Page 7
Continued...

Banfl Castle Commu
Association
Notes lo the Financial Statements - continued
for the Year Ende
31 December 2024
ACCOUNTING POLICIES- contlnued
Penslon costs and other post-retirem9nt benoflts
The charity operates a defined contribution pension scheme. Contributions payable to the
charity's pernsion scheme are charged lo the Slalemenl of Financlal Aclimlies in the period
lo which they relate.
OTHER TRADING ACTIVITIES
31.12.24
31.12.23
Donations & Other Income
Membershlps
Event Income
Coffee House Incorne
7.167
120
19.174
8,566
3,060
110
11,640
9,784
35,027
24,594
INVESTMENT INCOME
31.12.24
31.12.23
Deposit account interest
1,143
923
RAISING FUNDS
Investment managem8nt costs
31.12.24
31.12.23
Property rep21rs
12,553
12,094
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for Ihe year ended
31 December 2024 nor for the year ended 31 DeGember 2023.
Trustees, expgnses
There were no trustees, expenses pald for the year ended 31 DeGember 2024 nor for the
year ended 31 December 2023.
Page 8
continued...

nff Castle Communit Associalio
Notes to the Financial Statements- continued
for the Year Ended 31 December 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
fund
funds
Total
fund5
INCOME AND ENDOWMENTS FROM
Charltable actlvlties
Charitable activitie5
56,018
56,018
Other Ir8ding aclivlties
Investment income
24,594
923
24.594
923
Total
81,535
81,535
EXPENDITURE ON
Raising funds
34,635
34.635
Charltable activlti95
Charitable activities
48.610
48,610
Total
83,245
83,245
NET INCOMEIIEXPENDITUREI
{1,7101
11.710)
RECONCILIATION OF FUNDS
Total funds brought forward
63,106
63,106
TOTAL FUNDS CARRIED
FORWARD
61,396
61,396
Page 9
conlinued...

Banff
astle Communi
ocialion
Notes lo the Financial Statements - conllnued
for the Year Ended 31 December 2024
TANGIBLE FIXED ASSETS
Improvements
to
property
Plant and Computer
machinery equipment
To181s
COST
At 1 January 2024
Addllions
4.235
12,135
5,442
13,492
902
10,579
25,627
At 31 De¢embeT 2024
16,370
18,934
902
36,206
DEPRECIATION
Al 1 January 2024
Charge for year
174
398
654
2,g41
109
180
937
3,519
At 31 December 2024
572
3.595
289
4,456
NET 800KVALUE
At 31 December 2024
15,798
15,339
613
31,750
Al 31 December 2023
4,061
4,788
793
9,642
STOCKS
31.12.24
31.12.23
stoGkg
1,000
1.000
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Trade debtors
Prepayments
Accrued income
2,501
982
1,658
9.920
11,578
3,483
Pa9e 10
Gonlinued...

Banff Castle Commu
Association
Notes lo the Financial Statements - co
for the Year Ended 31 D8C8mber 2024
ued
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Trade credltors
Taxation and social security
Other ¢redilors
8,730
11,0511
942
2,286
2,878
11,608
2.177
11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24
31.12.23
other creditors
14,475
12. MOVEMENT IN FUNDS
Net
movement
in funds
At 1.1.24
31.12.24
Unrestrlcted funds
Charitable activities
61,396
8,849
70,245
TOTAL FUNDS
61,396
8,849
70.245
Nel movement in funds, included in the above are a5 fo51ows'.
Incoming Resources Movement
resources
expended
in funds
Unrestricted funds
Charitable activities
70,971
162,1221
8,849
Restrlcted funds
Banffshire Highland Festival
Installation of external power points
4,500
2,760
14,5001
12,7601
7,260
(7,2601
TOTAL FUNDS
78,231
169,3821
8,849
Page11
Continued...

Banff Castle Communit Asso¢i8lio
Notes lo the Financial Statements- continued
for th8 Year End8d 31 December 2024
12. MOVEMENT IN FUNDS- continued
Comparatives for movement In funds
Nel
movement
in funds
At
31.12.23
At1.1.23
Unrestrlcted funds
Charitable activities
63.106
11.7101
61,396
TOTAL FUNDS
63,106
(1,710)
61,396
Comparative net movement in funds, included in the above are as follows-
Incomlng Resources Movement
resources
expended
n funds
Unrestricted funds
Charitable activities
81,535
183,2451
{1,710)
TOTAL FUNDS
81,535
183,245)
11,710)
A current year 12 months and prior year 12 months combined position is as follows..
Nel
movement
in funds
At
31.12.24
Al 1.1.23
Unrestrlctod funds
Charitable activities
63,106
7.139
70,245
TOTAL FUNDS
63,106
7,139
70,245
Page 12
continued...

Banff Castle Communil Assoclation
Notes lo the Financial Statements- continued
for the Year Ended 31 December 2024
12. MOVEMENT IN FUNDS- contlnu¢d
A current year 12 months and prior year 12 months comblned net movement in funds,
included in the above are as follows-
Incoming Resources Movement
resources
expended In fLJnds
UnTeslrlcted funds
Charitable activities
152,506
{145,3671
7,139
Restricted funds
Banffshire Highland Festival
Installation of external power points
4,500
2.760
14,500}
{2,760)
7,260
{7,260}
TOTAL FUNDS
159,768
{152,627)
7,139
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 Decemb8r 2024.
Page 13

Banff Castle Communil Association
Detailed Slatemenl of Financial Activities
for the Year Ended 31 December 2024
31.12.24
31.12.23
INCOME AND ENDOWMENTS
Other tradlng actlvltles
Donations & Other Income
Memberships
Event Income
Coffee House Income
7,167
120
19,174
8,566
3,060
110
11,640
9,784
35.027
24,594
Investment Income
Deposit account interest
1,143
923
Charltable actlvltles
Room Hire
Office & Lodge Rents
Castle & Grounds Hire
Grants
21,201
13,600
15,799
17,219
700
22.300
7,260
42,061
56.018
Total Incomlng rgsources
78,231
81,535
EXPENDITURE
other trading activltlès
Opening stock
Event Expenditure
Coffee House Costs
Advertising
Release of government grants
Depreciation of tangible fixed asset5
Closing stock
1,000
12.518
4,921
2,041
11,3601
3,520
11,000)
9,913
10,782
2,846
11,0001
21,640
22,541
Investrnent management Costs
Propety repairs
12,553
12,094
Charitable actlvltles
Rates and water
Insurance
Light and heat
Carried forward
1.601
5,747
8.462
15,810
518
1,431
2,052
4,001
Thls page doos not form part of Ihe statutory financlal statements
Page 14

anff Caslle Communi
Association
Detailed Statement of Financial Activities
for the Ye8r Ended 31 December 2024
31.12.24
31.12.23
Charltable actlvltles
Brought forward
Gardening
Cleaning
Premises including improvement
Refurbishment costs
15,810
6,132
1.896
1,273
4,001
3.219
1,211
3.646
1,568
25,111
13,645
Support costs
Management
Wages
Penslons
Telephone
Postage and stationery
Sundries
2,083
47
853
676
3,094
22,965
387
1,154
1.607
2,700
6,753
28,813
Financo
Bank charges
Depreciation of tangible fixeis assets
249
225
14571
249
(232)
Governance costs
Accountancy and legal fees
Architect fees
Legal fees
Depreciation of langlble fixed assets
2.260
1.991
3,000
816
1.393
3,076
6.384
Total resources expended
69.382
83,245
Net Incomel(expendlturel
8,849
11,7101
This page does nol form part of the statutory financlal slalements
Page 15