(Canrpany MunRbor- SC1722351 (Charlty Numb•r . SC026041) RN COMMUNITY S CENTRE ICOMPANYLIMITED BYGUARANTEEI DIRECTORS REPORT AND UNAUDITeD FINAM¢IAL STATEMENTS rch 2026 SC172236 OMMUNrrY RYS CENTR COMPA OY HAVI SHARE C TEP4T8 P8ge Legaland AdminIstrat￿o Infomiau r8¢ior8' Rerrf>rt Independ4nl Exa￿￿￿$ Report siatementof Activ￿?5 6•￿￿e Sheet Plotss FormkvJ Part ofibo FknBndal Staternents 9-16 C￿￿0. SGI72235 RNCO NO A SHARE CA LEOALAND ALIMlhll RATIVF INFORMATION DIRECTOR8 Rob$rt F8retrth M*chBBI J Mllch811 8stslrG M F￿85th Jamma G Galbrath J8Mrfer F Heth¢rt PelerD S8goer8 BEGI￿ERED CHARITY NUMBER 8cf126041 COMPANY SECRETARY Mir*o21J MKthe COMPA14YNUMBER SC172235 REQISTERED OFFICE Nam Cownunltycè ng Street Nalm N12 48Q INDEPENDENT EXAMINER Kevin Leltch FCCA A Ldlth Aw)unlaTrcy s•r￿ces Lhnlt2d 2 BBeGh Awwe Invarth8S 24NN SC172236 AwIRoWI*I￿.lo3O NCO ITY&A S CENT RECTO ' REPORT The dlr¢¢torE prosent the1rannu￿ r0PDrt And tlnan¢xd statem8ntslor ￿ey￿ar ended 31 Marth 2026. The finondal slatsmenits have been wapar8d h aCco￿ante the a¢o)unttng poll¢￿$$&￿(1n Nots I lo thefinanclal ¥talements and ¢omplywtth the Chartlable comwrfs Mefflorandum and Artldes ofA£so¢￿I1on, Ihe Cotnp¥nlesAcl 2006, Ih8Ch&rbUes end TNslse Inveslm8ntlS¢otlandlAct 20D5, the CharitrBS Accounts Iscotlandl Regulatsois 20D6, FRS ID2 'Thg Finandal Reportlno Stand8rd 8ppUGablo In thfy UK R$publiGof Ire18nd' r'FRS 10T1 indudlng the provlslonsof Sedbn IA re￿an1 to srn811 enllUe8. andAccouniing and Reportlno by Chariil8$' 81818mentof kecommelld8d Ptracl( aP￿￿¢able to ch8ril88 preparfng Ihélracwunts In attordancow4th th8 FInanC+￿ Reporung Stsndard appl1￿1￿8 In the UKents Rewblbof Ir8land IFRS 1021. STRU ENT The dIrecto￿ who hdd offi￿during the period from l Aprfl 2025tolhBdalo thafingncPal Slalemenls wwe 8pprov8duw6 a5foll Ichsal J IAiithdl Petsr D Saggers Robert Fertrnlh astalr G M FNWh J8Mlfer F Herbgrt Lee Crul¢k$h8s* Iwdgned g Febwary 20281 Jernma G Gahbrèm) IspwAntèl IQ Marth 20281 ITr¢ OPOahiEation 1$ ) thAnllablty 6￿p•hy11￿lIÈ4 bY￿*￿Ill￿, irtDry)uraièo.ifi s¢Jtiafié Oll12fèbthty 1997. Thty COthPaTrry wa6 regISle￿ as 8 th8rftyln M8rth 1997. The Eotnp¥nywas esta￿l￿ed under 8 Men￿ra￿dUm rfAssoclattDn %thlth aslablished the objects and pwr9 ofthe charltsble cornpany and15 gDV8med under Adcb5 ofAs8od8lk?n. TheArtWes ofAssoc131k)n wer8 Amended and bdGedwhh Companles Hou$& In Decemb8r2024. In the a¥￿t0fthe companybdng wound up rt*mbÉrs are ￿qUIred to conlributp an ornountrvJlex¢8eth￿ Eq. Nalwn CoThmunlty & ArtsCentr8 rd governed by it8 B08rd ofDireLtor8. The 8et6 oullhB pdldes and oblecll¥e¥oflh8 ccqnpony. MBmbers tak8 pArtln poll¢y4naking actithes bydiscusdng and PBs$ln9 r￿DIUlionS ai the Annual Gtsneral Meeting. D8ilyop8rallono1 gfvlrs 21￿ 8tsfflng del6gAted to Ihe cent￿ MBnBger, vth0lnl￿ r8porty to the Chèlmsn. accordance vmth OSCR re￿[￿Endat￿0ns Ihe tharftyl$ aware of Ihe re(DJw8rnenl lo formaityiran newdlreGtoffs rKepBrnlon f¢rthdr ro￿5 bs charlty trust￿. The dIr￿1(￿ hove &¥se59ed thtr malor rf$k¥ tOV¢hlGh th8 charltyls exwtsed, in pa￿¢V1&T*hoae r818ledtothe op8raUc nd llnance$ Df the wrnw4ny, and gre sHNsfled IhatsyElpm¥ are In place lu n￿￿gage ourexposure to the major dBk8. The directo￿ Co￿tInue lo monlltrthe ri5k5 and un¢ertdnlie5 arls]ng from Ihe voTBilltyof glabal pllc*s. the ch*ity lrnplementa approprfats poIE¢les and proGBdure$ 85 apwoprfate. The ortglnal aim of the thaTitywas lo athleve comrl8te financlal Independènce wthln 25 years bUt￿th the oJt In fundlng froTll Hlgftlsnd Council the strategic ain now 1gtogeneral¢ sUffidentIn￿fft& to covercosts exL4udlng annual deprE¢L8bon 1*3rge. How lo achieve Ihl3 alm and knDYJnG thalthe bU1￿1ftg 1$ thg charYc¥s greatest ass81 Is Ilkelyto iequlre the tssling of ngwidpa5, Grealve Ihlnking and Ihe reC￿lIMe￿I of fresl t81onl. rtE¢RU￿.ME T AND APPO RECTO Under th8 cornpan￿6 ArtlclBS oIAssoclaUori Ihts Dumberthredors Sh￿1 nOt￿d Iwefv8. Wbore ]r￿￿e￿atelY prforto an Annusl General mee￿￿g there ar8 ￿ voesndeson tho bogid ol ditudvr8, Ihere 5h811 be no requlromanl for anydiroctor io r¢lire. WhBr6 is onevacancy, th& Ion9¢$lserviry direGlor shEJI retire atlhBlrne8ting. Where Iher¢ are no va¢xnoe¥, Ihe two longest serfvlng dwclors Ehall r8tire. M rellrho diredors shall beeliglbt8fi*ra-dKu(￿. The dweGtors Con￿derth9 composltlDn ol tho Board on a regular basi5. As part of thL% the dlrecior8 8ssoss th6 cuvghl skNIs of ihe Board 85￿11 a8the rdes 8Dd respon81blllV*8 ofindlvldual dlrÉciors. Pol8nttal newdire¢l¢rs are rthsldered for appDlntsnanl ts8sed onthe rdevant$kUL88nd experfence that Iwcan oifèT. OBJECT VES AND IVITIES Thè obiecbve5 ul the ch3ritable¢ompBny08 Setout In its mtrmorandum and artkl85 0fas8odaliDn ar8 as lo110￿-. -To pr(m¢la the benefit of Ihe inhaLqlant¥ of Nairn D￿td¢1, wlthoul dlsuncllon of $8xorof pol[￿L31. rellgbus orother 05Mnions by as8odalng the LbE¥l Aulhoril￿S, vo1unl3ry organlsalion8, otherbodles ofyihatevor siaius and hDha￿la￿lS wrnmon effori lo advgnce 9th¢a￿on And lo wovlde, or g8SlStln ihe provi55Dn of, laLll15Ues in Ihe Intere515 DI we1f8rtt fértècrèatsé￿ orotho¥ld8ltrÉ-tlr￿é otthpatsLin'Wth llitr b¥tGI'Of ImPTovln# the l*JhlJlllOh¥ of lffè oifftb $gk4 Inhabllanls., Snd - To eslabllsh ors¢¢urg th8 eSta￿l8￿ment of Nalrn Ctsmrnunity Cenlreand to makntain 8nd m¥naoe Contr8 fw adv￿8¥ prornotgd byth8 comwy In fvrtherance ofthe above objecb. The prfnclpal athvlty ofih8 (X)rnya￿Y Isto a5tabllsh or a￿re th9 e8tsbI￿hMenI of Noim Cornmuntycentre Énd lo malnlaln and manage Lhe Gentre fora¢U¥hts"es promoted by company. NT￿E￿I CO￿nY￿. SC172235 Rwtzoz6.2￿fj AIRN C MUN po CD tlnued ACHIEVEMENTS APJD PERFOAMANCE The ye8rended 31 M8r¢h 202e sawthe ch*5t¢gelghlegnth ftAI yeErln the neweommun5ty Centre. The SLal8 ofch8rges, W￿Ch w8ro In fjn8￿ththe pr8vlous fadlltyand polky. are re￿eWed annualwand Itveased In InevAth Inflailan. Forth8 curronly88rlhe InffaiiDnarylncmsg bg¢ame effectEve fr(xn 1 April 2025. Th15 rea￿￿ThS Ihe 8oard* ¢ommitmen¢lo mak8 thecommunltyconlrg Bffoidableto mgnybcal ¢(mmunirygroups. Are￿&W¢fo￿ce rentsl Inc0rn8TrKas undertak8n by Alllod 8uNeyors In 2￿24125 vtho 8ssgss8dthg r&nis GurrentychBrged In ¢omPdrf￿ to fa* maYk¢f rents. The Currfjnllncomg 8rf¥lngfrorn tenBnts ￿ £35.87T. In Ihe oplnlon 01￿lIed survey￿$¥ Ihe M8rftBlrgntK￿fd be £36,goo. The wrrtni rents repr68tnl 97% of de8mtd m8rkotV8lue. Theadmlrtslr8tion ofNaiTll CDmmunityTran¥port 1$ pThded by Naim Community & Art8 Cenlre. Aftersucce8sful d8cu3slons Ihawewio 8thSeve 8 more realS¥lk¢ogtr8c0v￿fOr1he EerviE8 pr￿V￿edthe fee￿$ lrtre&sedto g25.000 h 2023124. There i% no Increase on the £25.000 forthg 2025126 financ1￿ yeBr. ￿￿erthe feeV￿lI b8 rewOW￿ 8nntr￿yt0 en8UFB ¢otslreLyJvery conunuesto be och5¥vpd. EcirrNE O VIEW The¢urrenl Iln¥n¢l81 GhRllenge ofthe Nalm Communlly Arts C80trs IIQCACI slemy prfmgrftyfram the redudlon and suLwewenttemln8Uon of fundlng fr￿￿ Hlghland Councll. Notably. Ihtr Coundlwasfully aware of Ihe Inyact (rfthls lun6lng Cul. given thaitw) of ils members $8rved on Iho Board un￿1 2022. The Ch￿Ieng&S posed by Covld-19 &Y￿cer￿ated the fin￿¢181 strBln on the centre. Ov8rlhg yeBF5, NCAC h88 rdled se¢urfrvJ from varfous fundlny rganLsBtions, lrnplemenung cost-5OVlllO measurei ond striwng for(waliond effidendos. How8v¢r, Iho abnity to generale addltK)nalfundsthrou9hlhB Cenlre's operaloThsL8 Ilmtt8d. asw8 Prtortti8e atford8bllllyforlhe coDvnuntyggoup8 ènd chaiitses Ihal utiU58 Ourfaul￿eS. The failuFe to S8Gur8a revenue gTanl in 2024 has undersmred thefr8giltyofourGtrr8ntthsndal model. In reEpon8e, tho Board orDi￿ctOrS. in coTraboralion Centre Inanagern6nt, ha¥ devdoped a COMprehen￿ve busin8ss planto guldeour rviure direclion address the $lanifiwl challenges thead. The NCAC L% elth6 he8rtofmostofth9 (xwnmunty and ch&rfta)lèaCtfvR16$￿IhTn the town 8nd tt Ls ImperBlfvethatthts Centre's fuiure Is 58¢ured toalowu5to wnunueourvtsl suppori Ihar￿ pnrfchlng the Kves ofNalms resldénts. LA Futuv• In¢ome Gener811on'. centrdl tooDrgtr8tegyls ourowolng GoYnmurftyAss£t Trdnsfar r8questio Hghl8nd Ccwcv. arm￿1 at$eGvrtng th8 fvlura ofour Centre. Followne BS8e8$mentby H￿hr¥n￿ Coundl officJ8ls, we have r0r￿l¥éd fa8dba¢kAnd are acuvoly addregdry keyamas.. Orant Appll¢otloKg: PursuirvJ revenu8 capitalfvndlny bId$fr￿ putlc8nd plfvate The58 Bpplk8tbn6 undB[3￿rty theCenlr¥8 pivoial Tole IR enri￿￿0￿¢￿nd cuYLural preserv9￿On. Publlc F￿ndIng Campallln.. LBunGhlng a pu￿1￿lUndr¥1s1nll ¢ampalgn lo enoaoethe broaderc<*nmnty. Throuah onllno crwlfuHdln9, Indlvidu&dona￿0n5. and I￿[ bus1ne5kcmlri￿ts(￿Th. wg aimto IDthr coThNnunlty ow￿r&hIp and suA)ort rorourCentre'5 FthlallEstion. CurporRtp Spon8¢￿￿1p.. InllLqllng dl$cu5$kin6 ￿1th loGal bU￿n￿$S•S lor polenlal swn80rsNp opportunlU85. Tall(wed packages Offervlsl￿lrty and r￿gnI￿on 85 keysUPPOrtets dourtyJttyK81 InSllallves. Communlty Evort¥ and Inltlg¥ve5'. RamhgfUn￿ro￿no 8uckn as 8rtexh1w￿Dns ￿nd￿MUralle8t￿ds lo ra15& funds 8ndfost8rcommunNycohgslon. P4rtnoYshlps with Arta OrganK&attons'. Woring uJllaboralbAs*th regknt￿ qndEwd0[￿ 8rts organl8aUongto lever8ge nelwDrk8 and spcure Èddluonal fundlng. Local Authority Funding: EngagIng￿th lo¢8] u0¥￿￿M￿nt$LthDri￿es to8￿￿re tlnBncl81 ba&lngfor caplt8llrivestmÈtrt. partlryiL4ty the roof replacement, emphaslslng the Centr8's rrAe 88 a cuNur818s8et. NamlTrJ Rlghts Opportun1￿08. Overlng namlng Trohlsforthe renavBted Centre lo potential sponsors, proVlthry18￿ng recogniilon forlheir5UPPQrt. Phllanthroplc Conlrlbutlo#s: CulllvBllng rdfjlonships ￿1th indwidualspas¥lunale abNtwnrnunity d8vdopmentarvJ ullural pr8$*rvallon to 8¢èk rn4ordonalions. Dlver5115¢&tlon of R•v&nuB Streams.. Exploring allem*iv8 r8venue $fwr¢e5 Ilke rnerchandi5esabs ex(auslve ombershlp$ to compEomenttradKional fundralslng 8fforis. Through thg8e InlUaiiYeE.wo dm to pn$ui¢ tho$u$wnab1￿ty vlTrt4Twofgur Gontrc fcry¢4r5 to corne. ThiB wa8 the elght6&llth fuu year ol(y8rsUons thg new Comtnunity Centr68nd the dIraGIo￿ 6re greauy indebtBd to thè Nain Comrnunty. N8in Common ￿0d Ènd 0th6rfundh￿ bodles forthfjwconlinvgd financl21 s￿ppO￿ Our thankg alsogo tolndDildu814 rnembers and sworteys f0rthelru￿Vntl￿￿ ￿P￿rt￿nCe thef8dlly tlrsl opened kn O(thbgr2007. InvesimEnl. lian9POrtdonalhns. revenue grants Bnd tradSnB 8dknty In¢tffte stre8mBforthe year iota(led £426,714 Compared £444,974 in 2024125. The re¢eDmd in the ￿ry￿ntrepDrted yeEri8 down by£18,26(lon thot Df 2024rds. Dun8Uonsw8re from £48,f82 tof29,632. a fdl of£18,350. ITrDwer encDuraoinglyothertradino 8¢UvKles hava Increa8Bd by£14.246 from £285,189 to £2￿,434. ChArlWe activthes have fallen by£15,282 ftty* £77,053 10£61.771. bulk dlhe ¢h8rtt8b18 a¢b¥￿"e6 cOmp￿se% rev8nuB gfdnts, ¥¥hth dueto thwrn8ture. flLthatebet*￿Qn y&*E. The th8dtysubnrftt8d 8 gr8ntappltcaUon of£50.000 to Naim Cotnrnon Good Fund in Jun&2024. Tht fundtwJ18 r6qulred losupport the Centra's finBnclal and allowll lo conlknua to operate. Ata SperAal Meellng ollhe N8lmshire CoMmitt8eh81d on 24 Jung 2024 the gran1£pp￿Ca￿Qn was epproved for one-otremergency fundlng up lo a ma￿￿u[Th Df £50,1KKI based on the slgnrficant irnport*ce for Nalm. Ttrts loLg1 dr8wdown offund5 rgquestgd and subsequon11y pald bythe Common Good Fund was£45.064. È32,253 Induded in revenuB gi8nts h 2024Mwlih th8 rem8lnderot£I2.81I raTrled fomrd aga5￿6{COmr￿tted ey4)endtturtr inwried In 2025126 fnanda1 year. ofih18 8um. £4,129 was r8venue8nd £8,682 was Lzpltql. cwanylk. SC17223S RN COMMUNrrY & ARTS CENTR RECTORS. REPORT nuéd NANCIAL REVIEW olltlnued One of condilionsforlhe aw8rd of granlwdS Iho ￿mMISSIOn1ng ora FeBslblllty 8tudy.The Fea55￿1￿1Y Study was undertaken bv J Waugh MA(Hon81 FCA of GBrrion Consulting wlh reportpa6sed to High￿￿￿ CDunthl. The siudyhlghlighled PToieEted L*8h at bank 1$ heavlty relianton granlfundlno belng rece￿ed-for2o2fj th1$ Is at£41,000, for2027 E44.000 and for 2028 £48.000.Thl$ gralll fundlng Is based on th8 pretnise that Highland C¢un¢il would be ￿pared lo fijnd thg Centre's ubfilycos15. Ilne vAth othworganisaUon3 thal tscelvefundhg frixn HiGhl￿d Councll. towards rnnnlnu Ih8lrfaciifttes. Thè CO￿￿1 has conllrrn£(5 Ihal Iheyvthl not grantfulldthe Uvllty¢os￿ the ba$ls Ihallh18 decl8lDn v￿￿1￿Se1 a precedent. RestTScled tyanl lundlng tolalllhg £18,662 was reCE￿ed in the year. Thp grants recelved ar8for¢gpti81 Improvements and consl8lof£4,f40 figm the DavidsonTwstfor ¢omplebon ofnewupgraded s¢und eqU￿)Ment, £5,840 from Cre8dve S¢oVand for the (*ynpleliDll of ihv new Creallve Hub space., £8,882 from NAlrn Cornmo￿ QDDd fvrlhe #iGt8llalon ol new b￿ndB in tho CsnbB'sfoy6r find Inyrovernenls lo tho ¢roileagan r(AWn. Expendllurefor the yeBTlolall6d £454,OB8, sllghlly up on the prtyvlcug year by£l,39S. Thjs u)mpare5 to expendilure Msts of £452,692 Inojrred in 2024k5. M8iorspending14ww8r8 In resp8cl￿¥¥18ry costs. utility cosis. repglrs & maintsnance, lertdinmenL caledng w81$ and depredalon. Tho margins on fun(Ilon61gntwlanmenl and catering Saleslcost5 Conhnue lo bB veryencouraging al 32%. howoverwd5 a decreas8 from the 36% rrEr9ln ath￿¥$d In the previous y8ar. Afier healing and lighling increased by £3,479 10 £39,(￿? h 2024126, dua lo the caplld inveshn¥ntlighlighled b8iow the rost has reduced to £33,641 In 2025fa6. Hi)weverdut lo th$ Current ¢onlllcts In LlkBlng 8nd the kllddle E*sl Ihèvda151ty In the energy market Is likdylo lead Iv ttlgher energy cosls h thèfuiure. The dlrectors consid8rlhal the ¢vmwyhas adequate re*)urtes lo ¢ontrnu8 its operauonal e￿$ten￿% for th6 foreseeable rutiJr9. In comlng lo thls concluslon. th¥ dlrectus have pald pgFbculBrattenUui lo the perfod ol one yewIr￿n th8¢JaEeol spwovd of th8 firwKlal$tsiemanls. In 2019, Zero Waste Scotland conducted a SUry￿ of the bulldlng and helped develop a"alm&te Programrn8' t8rgollng energy efficiency. Complelvd In ApriVMay2021, the pr￿ramme Included installing an efeclric v8hiL4e th4rglng PDifiI, LED lighung upor8de9, salsr panels battary storage, And a rnod8rni$ed healiw system. InlBTnal TecDnslnJctiDn ￿8D eywded tal spac8. Fundod byganlG of£160,(th and our o¥¥n funds. th8 invesbnettl iota1￿￿ approxmateW£180,000. tn 2022, ￿lrOnMents1 enh8n¢emtsnLswere finallsed, prompung furtherlnveslmenl lorlong-lemi 5USt2Ina￿1lty. GtsnlfundlrvJ rrom th8 Cornrnunlty Regen￿atioTr Fund, tnanagÈd byHighl8nd CounL¥I, suppurted a proSect lo 365¥89 and cosl necassary improvements. Cornpleled an 29 February2024. this £1.641ffl prolectlncluded buAdng works I£0.746rn1 and upgrgde5 1£0.895rn1. covedno Audiovisual, fi[￿￿0, $$alinglwblaG, and equiptnoni. Durfng 2026127 thB figure5 ￿￿11 be ukKSalod ￿ iak account of inflaliDn prfee increAses. Induded h the building works £0.746m Is a costof È0.570m forlhe urgent r8place￿nI of Ihg ri)of. Inlllal d￿1g￿ faults and 18 Yea￿ of exposure to ha￿h Scoiush wgBlh8rhss hlghllghlod SBv£re walerlngr8gs Issues, CLvllProtnl￿llg thÈ bullding's structural Inltsty5ty. A ￿OfeSS￿)n￿l asse88m8nl IndlrAles H CO￿￿181&re0e￿gn gnd rgpla¢èmenl Irryèrallve to prevent fvrther leakage and ensu¥e dupblllty. ThL8 projeGt ￿m5 to I￿18# a modem, eneryy-effidenl roofing tom, addres￿n5 peis151Bnl de8lgn llaws Con1n￿rIn￿ to walerlnore9s. F￿￿￿re toaddres$ these Issueswould havs seveia LyJnEequencss. Thls overall proposFd capthl InvesknentEupp¥Kis the CEnlre's goal of energy efffciency. promoung envlronmenlal ew8, ènd beneffttlng communlly renevAbfe enerlly ¥¢hemes, Continu1￿910 8erve N8IM'J rA>MmLV)tyondwfderpy￿c. In 2025, Centre Comp￿ted ZeroW8tste Scot48ndlEneryy EffiGlentS¢otland recommendaffions In reduclng energy eifKienl iniuatives. Thfjrq we 3 elemenlB lo the prolecl, all deslgned lo reduce Eiwlrptily coslsvJilhin the CEnlm. The first wa3 forwolks lothe heallng 5yStBm (l￿-[l enabled thetttr051ailG vafvesl. The seccyvj inslalabon of 3 destrsUff¢aUon untL3 n IhB Ihe&welm8in h&ll. Th8 Ihlrd Ihal prdectelemenl wa6 tho Inslallatron of PIR (paz¥￿e1nfrBredl sen30ts in Var￿US parts of Iha bU1￿1n9. The Bosrd were keen to generale Buff￿lent Bnnu81 Income lo Covgr costs tha annuBI d&Pr8￿alI¢n ch8roes, hOK*Ver￿1Ih th8 cut in grantfundlng. and the impact of COVID-19 the aim Is now ￿ genqralB sufflclent revenue to cos15 8xcludtytg the restricted lunds elomeni af the annual depreclallon ¢h8rge of £62,795. The BD¥d's 01(qinal Inlenuo %vas by th8 end of 118 26 year È850 lo be seW-suttlc￿nI and state of the bulldlng lo b9"86 by oflhe le&se. Th6 wl In grant funding and Ihe Impact of COVID-19 VAII 8eriou$ly pl8* doubtln th8 Board achlevhg Its Drfglnal alm. Th8 prindpal fundlno s¢ur¢es forthe charityare curr8nUy bywayol In￿Me Irom oc%MUesfor uentrralng lund$ ihrough Nios funcllon5, r8nlal income. coFnmunilydon*K)ns and ravenuo grnnlg. The ￿￿penSeS 2rg *aff salarf89, proportyslld sUPPQrtta$ls. SCf72235 CkarftyND. SC026041 ARnE￿IRe￿￿rt2O26.2o2d MUNffY & ARTS EC ORS. Contlnuod RESERVES POL CY Continued The Ullre5trlcted Reserve Fund represents fundB frotn p881 oper8Ung wulls.1181s0r￿rtr8Onts th8 8V811gblereserves f￿8 chadty. The Dlre¢tors 8re s¥li$ff8d th8tlhe bdgnce of UnreslThcted Resewe Funds of£l24.70B12025-£89.2131 whtch knclud￿ gen8ral unrest￿GIed Funds 01£123,64812026.£88,1511. snd DesigTHted Funds of £1.06212tr25-£1,0621, Bpproxlmales to4 monlhs operallrvJ eypendilure, excluding depreua11o￿. to allow the ¢onbnued op8rattons orthe tharty lorthè Imm8dl8te fuiuf8and be ableto￿rll Ils oublandlw ¢ontra¢tobllgalion& Thg Dlr*tors have ewnlned the wuIr￿n8nt to mBlTrtaln free reserves anrfconcfuded that Ihey8re al a prqGarfou$1ovel. couptedwFlh the vofalllty of energyprices findthe IThpgclthlsWII h8ve on th8 flF)arKI81 rosaur￿ of ihe tharftylhL8 mayw811 be cdled Into quèsllon r8g8rdlng t vlabllSlyollhe charttyln the lungioryD. Deslonated Fundg 8re h8ld torth8 Putposo of meeung MaJorre￿r, ran￿￿S and malnten8ncato ensure the labrtc of tha￿￿ldIng 65 maintained to H hioh st8lld￿￿. RestricEed 4¥efunds ere to be u¥ed accord@n￿WIth specrfic r85thcllons Imposed bythg donor5. TDtal Resffided Funds at thereportlng dats amountto£365,40412025-E409.5371 The IFusteg5 are reS￿n¥￿e forthe mainl8nBnce and inl8grttyof fin8n¢iel inform￿lOn thduded on the ¢h8rity5 w*)51ta. Leglslauon In Ihe United KlngdDm govotnlng the prepsratlon dissemlnatvjn offinawkql gtalem8nts mèydWf8rfrorn leglslatk)n In clherlurtsdlctlons. taport has preparèd ￿ aL￿J￿ance￿ttfv the spec&1 provlston5 relaung Companles Act20D6. all componlesvAthln Part t5 ofthe Slgn¢doTr behatf olth•boardotdlrsGtorG ju￿2￿26 Robert FeT¥nth Chalmmn l Dlrector SC172235 fRewrt2Q3b.3026 NAIRN CO CE RE l￿d¥pend*￿t Examlner's Report toth8 Tiu¥t¢es of Nalrn Cummunlty S Arts Cenfra I reportlo Ihe Gh¥tlty livslges on myexwnlnallon oflhe finsnclal statem&nts of thocharftyforthe year er￿ed 91 MaTth 2026. whlch 8re sel oulon pages 710 16. Rgspecllve re5punslWlItI08 of irustgls and exam?ner The ¢h8rWs Iruste8s Ivdh0 &re 8150 dlrectors ol ty)mpanyforlh6 purpos85 Df c￿￿panY lawl are responslble forlhe prepaY8Won oftheifnanclal 81alemenls In 8ccord￿Ce ￿{th the tertn8ofth¢ Ckartlle$ and Trus￿ lllv8simont IS¢olland) Act2￿5 the CharfU8$Accounl$ (s￿￿8nd) Regulalons 20D6. Th8 L*&rfty Iwslees con91der th&1 th8 audll requlremenl of Regulati￿ fjO111 (alto Icl of the A(￿Unts Regulauons does Ml 8pply. It Is Fny r9SpDTh￿b1l1ty1￿ ¢xamln&lh&fhanclal atatEmenl¥ a¥ under 8OCtT(r44111 Icl oflhe to state￿*$￿8r portIcU￿rm￿tter8 have (x￿e to myallonllw. Basls of Independent examine￿3 BtBtement Myexaminalion 1$ trathed out a¢cordan¢ewith Regulgtion 11 ofthe 2006 AuJ)unts RegUl￿ons. An 8xaMha￿on Indud85 revlewofthe Acc￿n￿ng records kept bylhe End 8 ¢unwarison ofth8 finano818talewls pr8sentsd vilh thosg re￿r￿s. Il*l$o Indudes con5iderAtion of any unusualltems ordlsdosureg In the fin8nclal statem8nts, and seeks a%pl8n¥lior from the ￿U5teeS ￿nc￿mIng anysuth maliers. The procedures ulldertaken do rv)I provide dl the evidence thaiwould be Tequired In ell audl. and consequ8nlly I do not expre¥$ *) authlopink?n on the vi8wgwon by the fjnantyd $tstheTrts. Indppè*dBhtexamlnoIs 8t8toment lh8 course of myaxBmlnaUon, no maitèrhas ¢xrne to my atten￿On-. lalvthi¢h glv86 m8 reBsonablo fdusgto bBllgvo Ihal any materi81 r8Èped Ihe tBqtsirements'. 111 lo keep a¢¢ounllllg record8 Ill 8ccordBnce ￿th 6ecVon 44111 lal of Ihe 2005 Acl and Regula￿On 4 of Ihtr 2006 A¢counl$ Regul8llon$.' 8nd IMI lo rKepare flnantl&l 8lalem*nlS ￿1¢h 8xord vth the acrA)unlng TeC(*ds 8rYJ Compty￿th Rogutslon 8 of ihe Accounts Reg￿3t￿n5', h8ve rrf)I been nwl., er tttltowhich, in myopinKYh, allgnl10￿ 8hould be dravm it) orderlo enabb a ptrytrunderst8nding ol finBnriel statsments to be reethed. Uso of our r&pDrt Th1$ re￿ 1$ made to theeompan5ls bDBrd of dIr￿tors, as a btxly, In act(￿ance wilh thg terrns cf engagBmenl. MywoTk has bBen und&iak8n to enabl$ me to underfake an independent *amlnalion ot thecompaWs linancial statgmènts on beh51f oltha comp2nJls boHrd ofdli8thr$ and forno puipose. Tothp fulltrsl pxtsnl perTh￿tted bylaw, I do not ac¢eptoras5ume r8sponslbMltyto anyone0th8rlh￿ compsryand Ihe companls b￿rI of dlrectors a body, for my work orforlhls roporL Kevin L￿1£h MA FCCAA L*lth AcEouni¥nry Services Lirniled 3 Be8th Avenu lttvemè$s W2 4NN 2717126 CryanyNd, SCf7228S R•gliiamdSw#ls4 ChatyNo. SC02804J AWIN COMMU & ARTS CENTRE 8TATENENT OF FINANCIAL ACTIVfflES ONCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR TNE EIIDEO 31 MARCH 20 Restrlthd D*3lgnated Llnrestrtcted Funds 202fj 2026 Total Note NCO Donallons and legadps charitab￿ acUvllle$ Cmherlradlng actWe$ Inve51mEnts 29,832 e1,711 29gA34 29,852 80,433 2g9,434 35,877 48,182 147,708 285.189 34,550 18,662 426 714 445376 JfS829 XPENDIT R814lngfundg 19s,￿2) IY4.6011 198,8921 1355,396) 194.3011 1358.3911 8&9 162.7951 TOTAL EXP 62,795 1.293 464.086 f￿th9 144,1331 35,42fj 1&7q21 62,937 T￿Sf￿De1¥￿8n F￿d5 E￿rI DS 33 36,42 (&7121 62,937 L￿TI TOTAL FUNDS AT 409.SS7 1,062 BB.151 498,750 435.813 DSAT31 Thestatem8ntoffiner2clal a¢tlTrAtles al¥0 cumpllfj¥wlth tho r¢4ulrernents lor an In¢omo ond •xpanditur• ac¢¢unt undertho Companle8 Act 2006 CWonyNo. SC112235 R4wthr¢dS¢oiNgfvChrtylkn $¢016041 NAIRN COTIM & ARTS CENTRE BALANCE SHEET SAT31M 2ts25 FIYED r£nglble A55el8 12 408.437 CURRENT AS gblors Ca$h atBank and In Hand TAL CUR SETS Ers 13 14.785 95,135 ,920 22.024 91,978 114002 ou UE ITHIN 14 (23.5401 162,9321 TAL ASSETS LESS CURREMf L AB TIES 494,817 605,653 S.. AMOUNTS F DUE AFTER N ONE YEAR 15 14,ml 16.9031 58, FUNDS OF Unre81ricted Fur¥Js Desiqn8ted Fu￿& Resthcled FuncL% 16 17 18 123,5T2 1,062 365,404 66.151 1.062 409,537 19 o. Th8 1$ enutled lolhe exempbon from Ihc audit rewiremenl conlained In 8ecdcn47f of theC0tn￿n1O8 Act 2006 relallng to sm811 comparfes. forlheyear 0￿ja￿ 31 Mw¢h 21)26. D1re¢rc￿. regpongthllllles.. ThB mgmberg have notrtrqulred th$ Company to obtan an auLII dlls fin8ndd slalements foTlheyearln 4uÈsUon In ¥c¢ordan¢e ￿th sedbn 478., The dlwlors th•tr rosp￿sIbIlI￿e8f￿c0Mpl￿n0 ￿ th8 r8q￿rernents ofthe Cumpanl8sAcl 20 with respect lo accounting rgcords aTvJ the preparauon of fin8nclol stalemeits. These finBncial statement8 haveb86n w6p8red in ￿lIh yovl£lons appThcllll8 ￿ coNwanl89 sublecl to tho $Th811 compan￿￿ reglm4 Thp flnanGi•l st4t¢ments were approved by Ihq bgard OD I5June 2028 MIGha61 Dlrector The note8 on pages to slxioen formpartof the flnanclalslatgfftents 8CiT228S R¢9thtsdSwuith SCO2604f RT8C NT NOTES YO THE FINANCIAL STATEME14TS Fur Ihe Year e I march 2026 A¢¢ounlln Icles Company Inlormollon Nalm Ccmrnunlty& Atts Cantra Is a charft8bfe r))mpanyllrnlled tyguarante8 lrtcowor8tsd In S¢olland.The company Is dso a Ch￿tyEeg[SIeTgd In Scouand Oè¢A. the r8g151erBd"otftca Is Nalrn ttinwnunliy &" Art8 Cantre, ￿n9 Street Nalm, N124bQ. Ac¢ounflng converbtlon Th8sefln$rKi81918temerrt¥ have been prepared In ￿￿or￿an￿￿￿th FRS 102 The Flnan¢l81 Reputtr Stsndard 8ppllcabl8 In th8 UK Repu￿1cof Ireland. fFRS 10Y'I, jndudwtspro￿s￿ns of Se¢tion 1A rel8vaht lo Sm811 Enlttle5.Acty￿nting and Rerthng by Charitte8'. StgtemFnt of Re¢omm&nded PracUc8 8pplirAMe to charities preparing their.finanGial slalernents In accord8nceYnth th8 Fin8ndal Reporung andard BpplirAble'iTh ttiÈ UK and Republicof Ireland IFR8 11121, Ihe Comparles Ad gOd6, Ihe Oheritie End Twstee Inv¢slmBTrI (sl¥)￿and>￿t 2005 and th8 Ctrtht￿5ACr￿nIs (Scotlandl R6gulaUons 2006. Tha chaltyls a PUNC Bon8fi1 Enllly8s denned byFRS 102. The charlty has Wgued Itse￿016$08 ofihg Co￿panIeS A¢12008, 88 P8miltied In PBrBgraph 4111 or Sched￿& 1 of Sl 2008 Plo 401 and adaptsd the COmp￿e$A¢t10ThiÈts to r6fle¢l lh8 8pecPdl naluie of Ihe th8rfV5 8¢ti¥itie5. Th8 ￿nar￿1?1513teMents are PTepared n 8terllng, th8 run<1kn￿ wrrenoydthe tharlty. fjmaunts In ih888fSnandal st8lemnb are rouThYtsd to the nearesl£. The finandal ¥t£lements h4ve been prep8red on the kn*oEical CLWt L*nvenUoM The prfnripal accounu I￿e$ adopied are set￿1 b8bw. Golng Gon¢•m Atthe dale of gPPfovlnB the slalempnts.'Ihe dir8d0￿ cmllnue io dDsely ￿￿￿tar1h8 ffnandal posllbn otlhe charfty, In pa￿Ll12r8e￿I1ng ongokng funthng 5ubsldles Ihroughgranl a￿￿¢8(￿)n$, Increase currentarb general6 new InGome 5tr8am5. 6nd the ITnpacl uf new global enargy prfce IncFeB58&. The polÈnll￿ Impac*￿11 dBp£nd On the GOV￿Ment $upport on thegas and eFeclAdty pdces. W￿lS1ong￿ng 8¢dvNy relie5 ￿ Cgrtwn facE(N5thatrwn8ln utK8rtaln. th6 dlre¢torsgresalMqd tFratlhè ccrtnpany ha&8G¢&$s 10 8uffidenlwoA¢Jng c8p]tal lo allow tttoconrfnueto meetits118bllMJes astheyf?Ydue for*lgast 12 nwth8frrth the date of Bpprov81of th8fin8nd81 ststtrmepts. Accordinylylhe fi￿ar￿al ststemertsare pr6porod on a ￿ncern bag1 Charll8bl* funds Thefunds oflhe ch*tyconsl8tof thB fd10￿.. Unre6tActed (unds are availabKg lor use al th8 dl8crekn of the dkectors In furthetanG8 of iho oene¥al obledlve$ oflho thartty. R8strfdB(I Ilwds ?￿lund6 whlch are to be used h accord&nca wrflh sp8dllcreslrfcUorts Imtx)Bed bythe donorsorfunds vkithwere roi8edfoipwU¢ul8r pU￿Ose8. The aim ofe8th rE8￿Cl￿dfU￿d1g 68t out h noie 18. Oesignaled fund5 have been gei8sk4e4Wt of unreslthd funds tylhÈdlrectOT8kn pthwJlaTpiirwses. All IncoEne19 Incluled tho $18lBThnl of finanrA&l actMYeswhen the tharity is eth1￿￿ lu fhe Intome, re¢dpt probabl8 and the amount be quantified reasona1￿& 8c¢wacy. The followIng spBcificpolI￿es are applled lo paruculdrcatsgories of Income.. Income from graTht8, wh8r6 rdaled fop8rformHncegnd SPgL4fiE del￿erab￿s, ar8 accounted foras the 86ms Ihe rfghtlo ¢(￿dde￿￿on by k8 perfOrn￿￿. Unless incapBb1e.offln8n￿8Im￿￿r¢rn8nI., KegarAes arEg perfod h Ihe omployee'88wvl￿ qre c8lved. 1.11 R•tlr6ment bèneflt8 The COrnParyWBrate$ adefined con1n￿lIOn pen5kin schern&. Bssetsafts scheme gre hdd WBTBtety from Iho¥e ofIhe￿mPanYin 8 separtstely BdrnhIsler8dfu￿. The am￿ntCh￿1ged to Ih6SlatemenlofFlnandal Acb'vilies wpswtsfhe r￿l￿t￿lIb￿S payatle lo lh& scheme ￿ re8pecl oTihe accounbng perN)d. 1.12 Taxallun A5 8 ¢h8irtyi8gist*ed ￿{th HMRC. Nairn Comrrnjnlty &Arts Centrels exemptfrom ¢ryporatEon TBx(Th charfiebl&advllle 1.13 Leaslng R9ntg1s payabfo underopgrgtlny Igases we charged 894ln&t &*P￿t￿re rn a ÈtrBWlthg bs$l& Th8 f￿10￿ng1ud￿ernents hav8 h8d t￿ ffl08tslgnh7¢8ntefte¢ton On￿￿$re¢c￿nL*8d In thefln8ndel8tslen￿ts. Depr8d8llon- rtsofullife andrnsldtMl¥wlue oflanulb10 fixed￿ets The deprecialK)n oriang1b￿ fixed asseis is a keyEieB of eslimatiDll.The useful life and reBldua vBiue of asse1915 consldered and a d8preclaUort r81a appued aceordingly. Detalls ofihe depreClau￿ Bppl￿d can be found Inthoa¢EOunbn9 poIGle55eGtbn of thè note& tolho Ètatstnènts. Th• éepredation cha(ye for lh8 year amouTr19to£68,285 8nd IhB ¢anylng value offixed gssetg gl thayegr end aM￿nIS lo £408,437. onatlons qnd le ocles 2028 Totsl 202$ Total Rejtrtcted Unr•sivletfd commi￿lty DOna￿On0 ,632 29,632 48.182 In(a)rne recdved fmm donallons & lellades In the pre￿ou$YearWag unre5tr1¢ted. 2026 Tot31 20 Total ft•str5ctqrf Unr•strlctqd Cov£rnrnertOranl& Cor￿UnIty Regenersuon F Hlghltsrrd Councll other Grents Cre81ivB Sithnd DBvldson TruBI Nauond Lottery Comrnunlty Fund Touring N81woFk N8lm Cornmon Goc F￿gh Fraser Foundalk)n Amold ClaA( Cornmunlty *urKJ FFiBnds ofmghland Mus Co-op Food Grow cLvnM￿￿y Fund Benèfact Group (*gTaUng SLVSKVI Nalm CommunKyTran¥wt 32.fft7 4,748 4,748 5,840 4,f40 16,706 24￿6 4,140 7,185 25,860 9.000 3,000 32,252 6.000 suo I,ooo 500 8,682 4,129 6,WO 12.811 8,0 2.188 2.188 i.ouo 8D, ,70B IrKom6 rerelv84 on ¢hwitable Iheprevws ye9rio￿l8d£147.708. £ni.Es5v￿r￿ allributd) to tssirfcEed fMds end £77,053 were lo unrestrlded fund8. 2026 Totsl 2025 RPslfId￿ Unrestilcted IrK(Mne frc*n hTres, caterfng, etc. 2n,254 6..070 12,746 277,254 265.806 8,597 9,146 1.640 50150 aub Inr￿m9 Irthu86 MIDAS tr8(ntng Inc( 12.746 2.B64 InwMe￿¥e￿ fram £ther￿dIng acthths In Ihe prev￿U¥YedrwaS ￿￿￿[kthd. S¢IT2235 ¢hetylth SCOZWII NAIRN MIINITY & ARTS CENTRE NOTE5 TO TTrIE FINANCIAL STATEMENTS I Ctsntlnued I For the Y8 31 March 3076 nvestmontB 2025 Totsl R&stri¢t•d Unr8strÈctsd Tofal Renta IrKon $5,677 35,6TI 34,550 InGorne r8c8ived Iram Invosim8nts In Ihb pr￿ouSyealw8S unreytrfrled. 2025 Totsl R¢strlct4d UnTe51rlrtod TDio1 LfyaBe of Equlkment Equlpmenl Hlre Caterlw Costs 60150 Club Prfzes Funcllon Licenc&s Funcilon Entertehmenl 1,631 413 16,824 6,832 210 71782 1,631 4t5 6.824 8,832 210 72,782 755 15,713 3.358 140 73,224 Exwdltureortraghy rundgln th¢ #ev￿t￿yo*Yth lea 2026 Total 2025 Total Ro&irlctqd D•$lgnal4d UnresirfJ¢tod SlaH Cosls15ae note 111 Heat￿9 LIgh￿"na W81er Flale5 aeaning Malerfa Refuse ColleGtv)n CharGes Rep*ir3 and LlwntenaTKe Small PuT¢h&ses ond Acr85sorfB DopreclAUo 185,542 33,641 &A72 4,327 2,￿8 21.047 1,354 3.490 185,fj42 33,641 &.472 4,327 186,751 39.003 9,398 5.343 2,559 15.376 21,047 1.354 82.795 64.$46 Shgrg ofstpwrt ¢￿ts 31,970 34.$58 EXpenrf￿re on c*arfiatAe acUvlUaB In the Pr￿0￿8 year totslL8d £3TJ.838. £60,929were *trlbulth ta r6stsfctec4 d8 and £262,9D4 w¢ra alirfbulaNe to unrestrf¢ted fu￿3. There were no tepalr8 deemed thargeableto de$bJnBted hjnth In 2026 PD25. tiMII. 2020 Totsl 2O2S Tots5 ReJtrfctsd Unrestrlctod Admlni51ralK)n Costs G0￿ManCe Cosl 27,288 27.288 4,682 25.008 9,550 Admlnlstratlon costs or8alerlhAn £1.000 Indude.. InsuranGg ￿£9.786{2D25-£8,e801. 3taff Iralnlng of £200 P025- È1,3441. postage and 8iaUoneryof £91712025- È2.1401, telephone £2,02912025- £2.5071. licen of £6,84012025- £6,421), credll charg88 01£2.572 (2025-£1,6181, subsGripUons £1,44012025- £1,2￿1, In4)ouse MIDAS Iralnlng ¢os1s£2,426 12025-£4071. GoveTnance cogt8 In¢knded aCc￿n￿nCY186s 01£2,04012025-£1,950IBnd pmfp¥sknnal feeso1£2.842 12025- £7,6001. Accountancyfees repre88nt tho Inde￿￿¢￿teXamIn9I8 lea. ThereTpJere no otherservices provided bythe Independentax&nrfn&￿. Nong ofthe Iru$lees lor any perEons C￿nected￿ryih them) rocehfed any remnera￿o￿, retrnbur8ed expenses or ewen5es In(￿r￿d on Ihelrbehawduiknu the ¢uwentor prfory88r. Jennller H8ibÈrthlres lad111￿5 kn the CEnlFe underthe n&me.of MeUowYBltow. The total lths In 2025126 was £6.178. There was an oulslanthng bolance owed lo ￿e Gentre at31 Mar¢h 2026 of£1016.The outst8ndhg balalkce al tho date irf slgnlng Ihe attountsen 15 JunB 2026 was £910. 12 Strf72235 Re4st¢t¢dSoth ChatyNo.SCOZ604t th￿IRe￿art291J-gO?fj NAIRN C UNITY TS CEN RE NOTES TO THE FINANCIAL STATEMENTS I Contlhu•d I lh8 Y•01 6nded 31 118r¢b 2Q26 2028 2025 Totsl Re$lrl¢tsd Llnr96tr1cted Sdarfes Sodal Sacurfty Cos18 Slgff Pensk)n Scheme 170,OtI 10,283 170.of4" 10.263 5.305 113,do6 B,217 4,728 The averdge numbets of p85d staff forthe VATe'. CBntre M8nager eentre ewrdlnalorfaper8tion5 Superv￿Or Contr8 Asslslwiis Thare wwe rK) 8nnu81 remLww8Utsn was£60,000 (f mor8. Tho company9￿rat988 defingd conlrfbutbn penslon schemo. The penston co¥1 ctt8rgoloTthg represents tontrlbutk)ns p3y&)b bylhe companyto the xhemg end gmDuntedtoE5.305 (2￿26- £4.7281. p￿$10￿ contribull0nsouts￿dlng ettheyoar8ThJ amounbj to£8,078 (2025.21.1101 12 Tan Ibl• fixed ￿￿ets L0a8*hold Mld 8¢818 Arisventso FLwnllur4 Flttl A¢ 1 Aprfl 2025 Addlllons Dispu8EI8 At 31 Marth 2028 764.ieAI 286,809 1.302,265 20.139 20,139 ¢¢umula¢edDe At 1 April 2025 Charge f(w Perfod Dlspusals At31 M8rtth 2026 504,352 36.718. 194,170 12,75A 149,1 16,813 847.672 66289 At 31 March 2026 223.24) 105.482 408.427 At 31 March 2025 260.008 s2￿8 102,135 454.582 Most ofthe taWlbtelx￿ 886el8 h6ve been fin￿¢¢d byReEtrl¢ted fund$ c*£365.404 (note 18-'R85Irtrt￿ funds") as detaled Btnote 19. Allt8nglble Rxed assets are US￿l0r0rlo support¢harllablepury)08e9. There were rKJcApifal cornmitrnenta c(>ntr*ed fords al31 March 202612025-£49,4241. Debto¥s 2025 falllng due wlthln yB*r Trad9 D8btorg oth8r D•bliyr8 7,187 7.598 15.833 13 CypptnyAb. Strf72255 8COZfjO¢I NAI COMMUN & ARTS CEPITR NOTES TO THE FINANCIAL STATEMENTS l ¢onllnued I For Ihe Vear gnds 31 ma￿1) 2026 14 Cigdltors.. ornounts ialll due wlthln ear 2026 2025 EnergySavlDgs Tntsi Loan Trade Credlo Other Credltor6 2,124 f.037 20,379 2.124 f8,603 42.205 fs ore Iha* 2026 2025 Energy SBvin98 fru8tLo8n 4,779 6.g03 otjnls R8 Ihln 2 to 5 years 4,779 16 rlctedlund8 2020 Fund 811 Aprfl 2025 'Incorne 88.161 426,714 1391,2931 FurvJ al 31 Mgrch 2026 CompaF•tlve 2025 Fund a11 ￿PrI 2024 'INomg Expenditure 34,940 444,gT4 1391,7631 Fund ai 31 Mgich 2025 17 Dasl nat8 turEd5 202e Fund at 1 Awl 2025 Irwne ExpendttuTe 1,062 Fund at31 Marth 2026 Comparatlv¢ 2025 Fund 91 Ihpril a024 ExpBndiiure Fund at 31 Morch 2025 Tho de61gn81od fund h86 bgen estabNshed to tn8BI m8jorrepBir¥. rengmvfs and m8lntenatsc8 vthlch I￿11 b8 iequlr8d lo ensure Ih8fabrf¢ of the btAldlng Is mBhlalned lo e hlgh EtarA&rd. 14 RetystemilSthhChwtyPIA S¢024O¢t COMM ÈN NOTES TO YHE FINANCW STATEMENTS I Contlntsed I Y•ar • Bal91￿e BJlan¢• Cornmunrtycentre EB SCDII￿d K£ep SCOtL3￿￿ Beautifi CARES Local EnergYs¢￿1ano Davldson Tw Energy Sa￿n95 Tru6t Rob9rts￿ Trust Community R8gtsnr8tton Fund Creative Scoland Hlghf8nd Goyn¢ll Nairn cOnN￿ Good Total 276,853 14.400 7,930 ,479 40,074 4,385 2,too' 28.854 6.467 4,995 142,3481 (2.4001 11.3221 3.9131 15.8txii 234.5( 12,000 6.6D8 19,566 38,414 4,140 13501 (32061 11,W21 15651 868 t,760 25,648 11,005 4.HO Cornparat 8alance al 31 March 202S at l Aprll C4)MmunMyCentr8 EB Scougn K¢ep Scouand Bequuful ARES Lord En8rgy8wllpnd Davldson Tru51 Eneroys8￿n1ts Trust Robertgon Tntst ComtTrunRy Regenr&Uon Furwj Creative Swtland H*hland Cowr41 Total 319,201 16,800 9,252 27,392 19,600. 6.116 2,450 1413481 12,4001 11.3221 (8.9q31 276.853 14hCN) 23,479 40,014 4,385 2.100 28.854 6.467 4,995 2&.u&)' 17311 13501 132061 32,060 7,185 5,550 555 Expertltwe r8pr8sen18 deW$cla￿on on e4)ttal spend. Thg r8slrfctad lund r818tes tothe companys Communlty C8nlr8 d8vdq)mentcomprlslng tho1fy88ehold prcoerty trd Thld sEafe arts venu& Thgfijnd Blso Includ&É grant$ t8celvad In respectof Expital ImprDvemen15 Incurred 2021 and 2027. The c8p]181 Improvement$ conslsl of upgr8dlng both Inlem81 and extemsl bullding Ilghttng, 1￿c￿rtIng the mld venu8to LEDtschnoliw,' Inslallavon ofsolar PV IPhotovoll8lcl and battery stowe to ￿at6 the abllltylo geneF8legreen eknlTr￿ty, vpgr8de thehealing system to 3 modem and more efficlentt8chnology.' and c$rtaln Items offumliura and fllllng8. Grant8 recelved In 2025 ars forc8pSlal Improvements and consbl ol new arI￿d é4ulPFnent, insfallabon enBblÈd tBdiatOFvs￿e￿', Irts￿Ha*1ts￿ ofrfJ¥atrahfill81ithl ITr lh6 Iheatrelm4in hall redu¢ing heallng Telulrements,. In$lall8llon of PIR $wi$w In v8rulos parts of th8 t￿lIding,. repurpJslng the formeryoulh Café Into a newcreative Hub space. Grantsrecelved in 2026 arefwcaprtal Improvam&nts and conslstof the comp]eUDn ofnewupgr8ded sound equlpinenl.. Com￿ets0n ofthe new Crealive Hub ¥pa¢e," Inslallallon of rwi￿1ndts In th8 Centm'¥ foy$r. and Improvtmenl$to the ¢rdts8gan mom. ￿1 ofthe 2025 and 2026 CBpltal lrnwovementsare Inck￿ed In futnllure and fitungs IrEale 121. al Is of neta$6ets betW8on lunth Re8lrf¢t8d ilnNstrl¢tsd Fund lJ8slgnat8d Funds Totttl FLYed Assets CurreniAssets Current LlablWe$ Lonu Term LlabIll￿8 365,404 48.033 106.858 123.5401 4.779 413,437 109.920 I29￿0} 4.779 1,062 CompATatl¥o Reslrtctèd Unrestrlci8d D8819nat8d Funds Total F￿e￿ AssBts CvErentAssets Cuml LIabl￿tte$ fig Terni Uabilihg5 Tot 409￿37 t15,046 112,940 162,9321 6,903 484,583 114,(M)2 162,WJ2) 6.903 SCY72235 AIRII COMAIUNIYY & A TS CEN NOTES TO THE FINANCIAL STAYEMENTS I Contlnugd I dBdJlM 2D2 FIr￿nG1? Cornrnltmen At 31 Marth 2026 thp Gharftywas Comm￿ed ionsqk￿g the payments undornDn¢oncg1lailt operBln9 l¥dses'. 2026 2025 Wtthln ono year B6M*en (wo ye8r6 2.189 5.391 2,189 Total le8Be pByttths ￿(￿gnISed a8 an e¥pens9 artv)untto £2,16912025-22,1891 Every m8mberofih8 c￿*￿￿nder1￿k98t0 conlribuie su¢h aM￿nt86 may be required Irol eXce8d1￿ Ell io the Companwg assets if il should be wound up knthlle he Is a meMber0r￿1th[n yearaftfr he ceases io ￿ a memberfor payment of Ihe debt8 and Iiabililie5 contracted before he ceases to be rnember 8nd ofthe cosl tharuè5 and expenses dvind4ng up and fotlhB adjustmentof rfah15 oflho (¥)ntYlbulDrfes amoTO ￿se￿8$. The charity le wntrdled bythe dre&oJ5 on bghallof the mBrttTS dlho L*arSty. 23 R•lBted trans8¢tlo Total ern￿Oyee benefltsp61d byts caartty In le￿￿On to keym*agernentpersonr*&l cenyliiuted.. Centre Mana 44,561 41,YB1 Total employee benefit¥ disd05ed indudewogs pay, 8TtpToyoTg nafiunal Insurance cuntrlbu(bD5 and èmployer5 penslon c9n￿{￿￿On5. Thsre are no olh¥rdat&# partytransactlonsto be drJGlosed. Cert￿n orant8 received by th6 ¢ompanygrB r•payable sh(￿Id therA)m￿nyb￿eath maSor undwlw.ng t8tms 8rK1 ndibons by the relevwi grant IW. 25 Events aftqrthe re ortFn da A¥ hiqhllghled in Mle 1.2. the dlreetors Conlhug to m￿lorth$ financ￿1 p0s￿on ofthe cha￿. In parucular securino owting funding Subsidies Ihrc￿9h applI￿lI￿n5, snd the Impacl of newglobal energywc6ln¢reases. HoweverlhosB risks (￿ntinUE ID be ¢arafully monllored 8nd laken whBrevèrposs1b￿ lo mllSgale th8ir effeGt on chadty. 18 scf722 Ann(￿RIport2￿25.￿￿fj Nl & ART8 CENTRE FOLLO NG PAGE IS FOR TFIE USE OF LY SGlf2Z35 NAI COMMLIN & ARTS CE TRE rthey ended31 rch 20Z6 Restrlcted D8slon¥ted Unrp¥lrl¢tfrd 2026 2025 NCOME Grants Rocdved Gommunlty DonaUon6 Hlres F￿C￿on¥ alering Sale¥ Rentel Income Naim CDmFNnityTrBn*J( $0150 Club InEome E1ectrfG Charging Pdnl Inwme lTrhouse MIL)AS Tra￿￿g Income sbndry Income 3B,662 36,TT1 29,832 14Z,35 104.089 27,107 35.6n 25.OOD 12.746 6.FlO 55,433 2S,832 141358 104,089 27,107 35,671 25,000 12,746 6,510 2,864 >.780 122,708 48.182 12g.q78 113,704 24,952 34.5SO 25,000 9,146 8.597 1,640 3,YOt7 426714 445,376 5.629 EXPENDITURE sala￿8$ Sl&ff Pension Scheme siaff Clothlng StBff Trainlng Heaung ond Ugh￿ng Water￿leS Cleaning MalErfaL5 R8luse collecti￿ Charges Repairs and Mainienan¢e Sma¥ F￿[cha$S$ and Accessurle¥ Leasq ofEqulprnenl EquiprnentHlr6 C8lertre Costs Function Ucence5 Entert￿nma￿l 6015D aub Prf In¥uranc8 AdYerN81ng Poglage and sta￿"￿￿ry Tdephone Profegslonal Fees Independent Ex8DInafj￿ Fea Subscripuons L5cence6 ¥ethtCh2r985 lTrhotsse MIDAS Tfaino Costs S￿hdry E%péAsè5 t)eprethatlon 180,337 1eo337 3DS 169 200 33,641 8.472 4,327 2,658 21.047 1,354 1,831 413 18,824 210 72,782 S.832 9.780 420 91?. 2.029 2,642 2,040 182,023 4.728 2rM) 33.841 6,472 4.327 2,658 21.047 1.344 9,398 5,343 15,376 851 1,831 413 16,B24 210 72,782 755 15,713 140 73.224 3.358 8,680 297 2,140 2,507 7,600 fj.￿o 9.78e 429 917 2,029 2.642 2.04D 1,440 6.840 2,512 2,426 6.421 1,616 407 2,5n 2,426 490 6fj,285 3,4 64.646 391,293 454.088 452.6*2 SURPLUS I IDEFICITI FOR YEAR 144,1331 35.421 8,T12 62237 CorywpyNts SCf72235 AThnVplR*pwt2020.ZOZ8