Locus Breadalbane Ltd
Registered Number.
SC115398
Charity Number
SC017508
Trustees
John Steele l thairman I
lan William Harbit
Hew Watt
Alison Stewart
Alastsir MacLennan Irvine
lan Nicholas Grant
John Duff
Treasurer:
Alastair MacLennan Irvine
Secretaries-
J&H Mitthell WS
Accountsnt .
AGG Accountin8
Bankers:
Bank of ScotlawKI
The Square
Aberfeldy
Solicitors .
J&H Mttchell WS
51 Atholl Road
Pitlochry
Registered Office .
51 Atholl Road
Pitlochry
Year to 31st October 2025
Page
Report of Trustees
Report ofthe Accountsnt
Income and Expendtture Account
Balance Sheet
Notes to the Accounts
6-7
J,L,- f4*&1-
Page I

Locus Breadalbane Ltd
Report of the Trustees
The Trustees submll their thirty seventh annual report togethef wilh thea¢rounts for the year ended 31st October 2025
Introduction
Locus is a communitycompany. dedicated to the runnin8 of b£al fr4c•hies and a ￿MmItment10 encourage education,
the arts, heritage and cutture of Aberfel(tyand the Surrowndl￿area. thrI￿Oh the use of those facilitse5.
We are 8ratefvl for the support shcywn ￿ SSE.P&K CL￿ncIl
Strategy
The company rnaintains a su51aSned efftirt t¢ control and reduce eMpeNliture T*here pO￿lb￿. whilst pre5eNng
the community assets in the form of the Loojs centre arKI T(wm Hall ￿ 8O¢MI condition for the tsse of future
8eneratFor75. This investment in the buoklFry is vbtal to achie¥ethis aiwL At the tlme every effort 15 rnade to
increase usageand tncome.
Financlal Report
During the financial year the T04wn Hall required expendtture for repair5 continues.
The breakdown of the expththiture ts shown split by location on the wKomt and expenditure account on pa8e S
The accounts to the year efKling 31st Ortober 2025 sh)w a surplus of income over expenditure of £51.657
Cash at bank position of £122.909 will allow additional proiert eXp￿IlUret0 be Incurred.
Debtors balaTr￿ Is £10,457
Creditors of £1.014
There has been a revlew of the ratesfor room hire and offKe rental and these continue to be revb&ved with the aim
of fully reco¥erin8 our running costs.
It would be difficult to reduce our g￿eral runni(￿ costs wrthc¥Jt this a detrimental effert on our facilities
and iherefore reduung the the custwner service level we currth wovide.
Repairs and rnaintenance costs should now reduce havin8 carried out the esseniial work required at both the
Locus Centre and the Town Hall but Nats are currentty bel￿ ci>nstrurted.
Once again we Eratefully acknowledBe our funders. tr￿S year ￿Ing SSE erant forllat renovation 1£50.0001
P&K £3,164 sheds
Donatlons I£￿9) toilet &ish box and museum
Future
We will continue to attempt to run the twovenues for￿ benefit of the public maintain them In a condition
fit for the future8eneration as lundrng perrnits.

Locus Breadalbane Ltd
Report of the Trustees ( Cont'd )
Fixed Assets
Details are set out in the Balan￿ Sheet on Page 6 and Note 2 Offt Pa8e 8
Under the terms of the grant received in 2CMXI. the National Lotteried Charities Board (Community Fund I
retains an interest in the Heritable Property for 20 years to the value of the grant made.
Trustees
The Trustees, who are director5, are stated on Page I
In accordance with the Memorandum and Articles ol Association one third of the trustees retire by
rotation at the forthcoming Annual General Meeting.
Statement of Trustees Responsibllitses
Company Law requires the Trustees to prepare accountsfor each financial year which give a true and
fair wew of the stste of affairs of the company as at the end of that year and of the surplus OT deficit
of the company for that Per￿d. lft preparing those acctsunts, the Trustees are required to .
selett suitable accounting policies and appty them con5i5tently
make judgements and estimates that are reasonable and priKlent
State whether applicable accounti￿ standards have been fDllowed
state whether applicable statements of recornmended practice have been followed and
prepare the accounts on the going COn￿M basis unless it is inappropriate to presume that
the company will Contin￿ in business
The Trustees are responsible for keeping proper accountiTr& records v•hich disclose with reasonable
accuracy at any time the financial position of the company and which enable them to ensure that the
accounts compty with relevant l%islation. They are aLso re5wnsible for safeguarding thee assets of
the company and hence for taking ￿asOnable steps for the prevention and detection of fraud and
other irregularities.
On beh3PF of the Trustees
J&H Mitchell WS
Secretaries

Locus Breadalbane Ltd
Report of the Independent &amlnerto the Tnstees of loaL5 Breadalbane LIMI￿d
I report on the accounts ofthe charity for the year ended 315tOctokn 2025 vthich arp set IKrt on pages 5 to 8
as attached
Respective responsibilities of t￿￿tee$ and examiner
The Charity's trustees are responsible for the preparation of the accounts in accordance ￿th the terms of the Charity
and Trustees Investmenr IScodandlArt 200S and the Charities Accounts (Scotlandl Regulations 2(MlS. The charity
trustees consider that the audlt requirement of Regulation io Ill (d) of the Accounts Regulations does not apply.
It 15 my responsibiltty to eXarnI￿ the accwnts as required under *rt¥on 441110 of the Act and to stste whether
particular niatters have come to my attèntion.
The trustees are satisfied that there will be sufficientfundin8 ralsed in the firture to continue with the refurbrshment
of the Aberfeldy T¢)wn Hall and that ongoing incomefrom normal trading artr4itse5 will enable this to continue
Basls of independent examinerfs statement
My examination is carrled in acc¢xdance with Regu￿10n 11 of the Charitie5 Accounts (Scotland) Re8ulations 2006
An examInat￿On includes a review of thè accounting rec￿th kept by the tharity and a cornpari50n of the accounts
presented with those records. It also indudes tonsrderatlon of any unusual item5 or disclosures in the accounts
ands seeks explanati(￿5 from the trustees ¢oncemin8 such matters. The procedu￿ VDdertsken do not provide all the
evidence that would be required Fn an audit and consequently I do not express an audit opinion on the view grven by
the accounts.
Independent examinerfs statement
In the course of my examination. no matter has cometo my altenti(￿ apartfrom 3
l. which give5 me reasonable cause to believe that in any material respect the ￿quirements-
to keep accounting records in accordance wrth Sertron 4411iial of the 2th)5 Art and Regulation 4 of the 2006
Accr4Jnts Regulation5 and
to prepa￿ accounts which accord with the accounting records and comply with Regulation 9 of the 2CQ6 Accounts
Regulations
have not been met or
2. to which. In my opinion. attentron should be drawn in order to enable a Proper under5tsnding of the accounts
to be reached
3. Howeveras dI$￿SSed , theJ4ed Oebtors balan￿ ts ÉIOA57 of 4thith £4.722 Is > 90 da￿.
The outstsnding balan￿ shO￿ld be re¥lewed Immethately arml aPFryY¥ate adbon Should be taken
Alan Gibson
Pa8e4

Locus Breadalbane Ltd
Income & Expenditure Account
For Year Ended 31st October 2025
Total
2025
Totsl
2024
Income
Rent Recefved (Rcom Hirel
Offlce Rentsl & Facllity Fees
Gr3nts Re¢elved- SSE forftat renovatKsn
48.075
48.216
P&X-fundlng
Ande15Dll / Basil Death FuTrJ
3.184
3.610
Architectural HeTFtage Fulld- Flats Grant
P&K- Bat SLtrvev
5cottbh GovernmÈnt- Ruial &Wighknd Feaslbllty
Oonations & Grft Aid
2.873
Miscellaneous IrKome
1H619
7S.160
Expendltur¢
Rent & Rates
Insurance
Water Charg88
Heat & L¥ht & Ga8
Property Reparrs & Refi¢￿￿ 8 Health and Safety
Equiprynl Rq)w'r8 & Renwa
577
577
16.262
18.379
10.197
15.
Accountancy Fees
LE9al ProfesSbjn￿ Fees
Legal antt Profess*)nal Fees- Hal DEvÈk¢￿Tht
Legal and Profess￿1Th81 Fees- Locus CMtr¢ f*¥eh¥
Town Hall Developrrwt Exwt¥Jhure
L(oJ$ Cenlrs D#￿￿n8Tht Eyn(hlur
Man8gem8nt Fees
Bank Ch8rg8S
Telephone & Inlemetcosts
12.195
207
1.788
Stationery & Pa8tage
Adverfbsing & mathets.ng
e￿arting klat8riaTr5. & G8rdeTh"r
General Exp8hses
8.140
DBpreciation
52.992
Surplus for1￿
51,667
8.807

Locus Breadalbane Ltd
Balance Sheet as at 31st October 2025
2025
2024
Tangible Flxed Assets
Land & Buildings
348.824
F￿t￿¢S & FrttirvJs
2.910
4.910
Tethi¢4 Eq¥iKKnPJrt
353,734
Current Assets
Dèbtors & Prep￿ents
11.C
C8sh at Bank in H￿K1
120.151
67.955
131215
77.618
Current Liabilities
Creditors ." kncyJnts falliThJ d￿ wilhfft y
Sundry Creditors & knsuals
4,014
4.019
600
4&14
4,619
Net Current Assets
126.601
72,999
Total Net Assets
478.335
426,733
Funds
Opening Funds at beg￿nIng of year
Surplus for the year
426.678
417.871
51.657
8.807
ClosiThJ Funds at end of year
4n.335
426,678
Unrestricted Funds
428.335
426,678
Restr￿8(1 Funds
478,335
426.678
The Accounts were approved by the Trustees and svJned on irs behalf on
The Note$ on Page 8 fonn part ofthese aLwunts

Locus Breadalbane Ltd
Balance Sheet (confd)
Statement of the Trustees of Locus Breadalbane Ltd
For the finanaal year ended 31st Odober 2025 . ts cixnpaw was wrtitled to exemption from audil
under Sections 475 and 477 of the Companies Act 21￿ aThl no noti￿ has been deposited by a member
or members requesting an audit. Tfr£trU￿ acknowwe their responsibiliiies for ensuring that the
company keeps accounling records ￿1¢h ¢omFty y￿th the requiTements of the 21)06 Companies Act
and for preparing accounts which give a true fair vmv of the state of affairs of the company as at
the balance sheet date and of il's and loss for the fina￿1￿ year in accordance y￿th tt
requirements of Section 394 and 395 and ￿lch otherwise o)mpty wilh the requirwnents of the
Companies Act 2006 , so far as applicable to thè compaiy.
The accounts have been prepared in accordan￿ WTth the special provisions of part 15 of the
Companies Act relatiThJ lo small comparmes
Il b,Ut(FiJ

Locus Breadalbane Ltd
Notes to the Accounts
For Ytar Ended 31stOctaber 2025
1. 4ccouMhry Polici
Ac¢0uniin8Standawd5aF￿ the 5t*envrtof Recommeded PraciKe.AtErAW tychathes
DEpreclatlon
Oepreci•tw *Sprti￿oed un Hxed Assets. ott*rthan LaThJ & ai ft1escak￿at￿to￿r1Ltott
the cost. le$5e5timated re￿￿￿7 valw. ol ¥ch355el itsesrifflated ¥5ehJl Ileasloll(wts.'
FI￿vrea￿d Frt1￿
10.
TechnkAI EqiBpff*rt
No depr￿[￿￿￿15 pro¥hJedon iarMJ& B￿ry535 resh•Ja1val￿tOthecoTh¥￿wlse￿irn￿ed
lobe noi less ¢han Ifs t￿k￿lUe.
company b8sthalltr￿e 5tatU5and isewnolrom CorptyatioThTaY Dn thewJ)fftil ha5 rEceThEd
2. Tangible Fixed Assets
Land &
BuilthngB
F￿)r•S &
Cost or Valualion
At 1st NovembEr 2024
A(klititirss
6rant5 Recet¥ed
At31s1 ortobÈiX125
Depreclatlon
At Isi Novembet 2024
PrDVi5ioTrfDr the Year
Elimtnated in respEtt oif#5P)sa
At 3lstocto￿r 2025
114621
Not Pook Value
At 3tstQ¢tober 2025
1910
351.n4
At 31st Ociober2024
318.824
4.910
35&n4
Thècompany hoklsth2 tiiletotheformercorwegabonalchurth bulkyt￿ in ￿uare.￿terfeMtyf￿h￿h
it ¥qLMed byihewayofa 8ift. The Tr￿leeS Iw¥eresoNrdthat the bu￿￿￿sh￿kI be in th
ac¢ouDt5 ata valuat￿n 01£45.LWbased on a Kwofes￿onaI madeth tknrnber 1998
3. Funds
The companyholds both VDTestrfcted and restr￿ted fur#*. Unrest**ted tutKts rna¥￿ utiW.attho
di5cretlon of the ¢on*n￿e fv)w tr￿ general ptsrwseof fuhmTh￿t￿eaI￿S0fthec0ts)v￿.
Re5trKted funds may only be utIf￿ the wffp05ekf t*hith th0$ef￿d$￿el￿Jnated.
ThE restricted fvnds are h￿for1t*￿￿0f ren¢y•atlon (rfthEllat&
Unre5triaed
Totsi
Fvnd5
£¥
Furxls a5 at3tst 0tt14Jer 2024
426.678
Inc
EX￿nditure
ndsasJt31stOctolJEr 2025
$4N9
152.g921
428335
IC4,649
152,9921
4. Debtors & PrepayThents
Debtors É10,457, Prepayineyit. I[￿ra￿e (607
5. Credltors
Trade ¢￿di￿¥s £L0l4.VAT￿Th￿ £1,589. VATbhtthÉl.412
Iij