jamesmilne Company regtstratlon number SC170657 (Scotland CHARTERED ACCOUNTANTS Charfty reglstratlon number SC027750 (Scotlandl Aboyne Community Trust Annual rfrport and unaudlted flnanclal statgments for the year ended 31 December 2025 Aboyne Community Trust Legal and admin15trative information Trustees Malcolm D Laing David W Marshall Philip S Lee Alan J Emslie Fiona G Robertson Graham N Taylor Chnslopher M T Grieve Nleholas W Tapper Susan Taylor IAppoinled 17 September 20251 (Appointed 17 Septèmber 20251 Sgcretary Mackinnons Solicilorg LLP Country of Incorporatlon United Kingdom (Scollandl SC170657 Charity reglstratlon Scotland SC027750 Prlnclpal address Aboyne Community Shed Cemetery Road Aboyn AB34 5DZ Registorod offlce 14 Carden Place Aberdeen AB10 1UR Independent examiner James Milne Rosewood Raemoir Road Banchory AB314ET Aboyne Communlty Trust CHAIRMAN'S REPORT for the year onded 31 Decombgr 2025 On behalf of the Board of Trustee5 of Aboyne Community Trust IACTI, l am pleased to present our financial report for the year 19 31 st Dgcember 2025. ACT ehanged its name from Mid-Deeside Community Trust lo Aboyne Community Trust in Juty 2025. ACT is a communily-based charity which has been in existence now for over 20 years. We continue lo deliver numerous projects that are of benefit lo the local area. Our office is kn￿ted in the Community Shed in Aboyne and we employ two part-time offica staff and part-time drivers. There are currently nine DireCtOrs￿rUsteeS including a representative from Mid Deeside Community Council. A represenlalive of Aberdeenshire Council regularly attends our board meetings as an observer. Our maln actlvFtie5 are as follows.. Communlty Tran5POrt. We operate three buses, all of which have disabled access a 17-seater PU￿haSed in Fèbruary 2022, a 17-sealer purchased in 2021 and an older 14-seater. 11 is our intention lo seek funding lo replace one of our larger buses wrth an electric bu8 during 2026. We continue lo fundraise to help keep our fleet of communtty buses up lo a high stsndard of reliaknlity given that we are often transporting vulnerable people. The Dial-a-Bus 13 an important service and lifeline lo many elderly and vulnerable people, giving them acce55 to shops and medical seNces, and remains one of our lop prioritios. We are currently engaging with neighbouring community trusts with a view lo expanding this service. Our Community buses are used by many bcal groups. clubs and s¢hools ¢nabling groaler participation in the local area. We also operate an important hospital transport service. Funding for these servic&s remains under considerable pressure. Aboyne Green Spaces This project maintains the village centre floral planlirigs, sealing and open space5. The floral display in the summer of 2025 was very successful, prompting considerable praise from local residents and visitors. Wsth grant funding and donation8 from local resident5 and businesses we have been able lo acquirg additional planters and hanging baskets. Aboyne Communlty Food Ifomerly called Aboyne Faresharel This project continues lo act as a hub providing food and other e55enlials lo food larders in the ID¢al area, thereby supporting those most in need. We continue lo receive supplies from Fareshare Scotland and local shops and residents as we15 as monetary donations lo enable us lo purchase additional items. Aboyne Paths and Track5 Group This group Continued to carry out maintenance, repairs and improvements to a number of paths in and around Aboyne. In addition, r( produced a new version of ils highly suc￿sSful 'A Guide to Paths & Tracks Around Aboyne. which is Wide￿ available in local shops and is reproduced on two noliceboards in the village. 11 is also available on the ACT website. Communlty Woodlands. Dvring the year some 10.500 new trees were planted in the Bell Wood. many of them by volunteers on 'communty planting days. A team of volunleeTS continued to Carry out routine rnainlenance to paths and boardwalks. A len year woodland management plan was submitted lo Forestry & Land Scotland and we anlicipale rt being approved mid 2026. Aboyne Blke Park. Although the bike park is well used, no further progress has been made wf(h the proposed pump track and skills extension due largely lo the continuing high cost of insurance. This is a problem affecting all bike parks and pump tracks. We hope that premiums will fall in the next year, othe￿1$e the continued operation of the bike park may be in jeopardy. Huntly Arms Regeneratlon Prolect Work began during the year with substantial repairs lo parts of the roof. Since then slruclural Work ha5 been continuing inside although progress is slow. Unfortunately, there is little we can do other than maintain contact with the owner. Aboyne Communlty Trust CHAIRMAN'S REPORT Icontlnuedl for the year ended 31 December 2025 Aboyne Youth Hub Unfortunately, this project eame to an end during the year. Despite the best efforts of the small team leading the project, there seemed little interest In or sUPPOrt for ils a¢livilie$. We hjpe the project may be revived in some shape or form in the near lulure. Deflbrlllator malntenance We look after six defibrillators in the village. We rety totally on donations lo continue this valuable work. Aboyne Community Calendar This Is our newest project. 11 is a virtual calendar of events in and around Aboyne hosted on the ACT website. Preparatory worf( commenced during 2025 and the calendar went live in the early part of 2026. Anyone organising an event which is likely lo be of interest lo the community may apply to have th8 event posted on the calendar. We anlicipale this being a very useful tool for reshlents and visitors, showing what's on, whèn and where. The Board is very grateful lo the many funding bodies who support our operation5. Without this considerab financial help, we would not be able lo continue our current operations. Funding will no doubl conlnue lo be a challenge. We are grateful also to the local residents and businesses who have supported us and, of course, to our staff who frequently go above and beyond what is expected of them. Finally, I would like lo thank our many volunteers who have given their lime and support for our Iccal community. All our projects rely on volunteers. None of our work would be possible without them. Malcolm Laing Chairman Dale.. Aboyne Community Tru$t Tru$tggs' report {Includlng director5, report) for the year andod 31 Dec&Mber 2025 The Iruslees pre$enl their annual ￿pOrt and financial statements for the year ended 31 December 2025. The financial statements have been prepared in accordance wllh the accounting policies sel out in note 110 the financial slalements and comply with the Irusl's governing document, the Companies Act 2006 the Charities and Truste& Inveslmenl (Scollandl Act 2005. the Charities Accounts (Scollandl Regulations 2006, FRS 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102}'. Obje¢tlvè$ and activities The charity is a public benefit company whose aims are lo encourage, assist. participate in and manage projects designed lo enhance the well-being of the community of Aboyne and the surrounding area. These projects may be of a social. educational. health, cultural or economic nature. Public benefil The Trustee5 confirni that they have referred lo the OSCR general guidance on public benefit when reviewing the charws aims and objectives and in planning future aclwilies and setting policy for the year. Volunleers Thg charity is assisted by volunteers and wishes to thank all Ih(Ise invo￿ed. Achievements and perfomiance Significant activities and achievements against objectives The achievements for the year are described in detail in the Report ol the Ch8imian on page 1. Fundraising prdctices Fundraising is general￿ coordinated by each project leader and we do not Use telephone, email, intemel or house-lo-house campaigns. In particular, donations for our hospital transport and eomrnun((y bus Services are through voluntary donation tins and are not sc4icited. We adhere to our vulnerable personas policy. Internal and external factors We are committed lo environmental sustainability and cutting our carbon emissions. We act Sustainably where possible lo ensur8 recycling. use of online rather than paper files. online Teams meetings and reducing travel whgre possible. Aboyne Community Trust Trustees. report1Sncludlng dlrectors. report) Icontlnuedl for the year ended 31 December 2025 Flnanclal review The charitable company received income of £90,387 during the year {2024.. £499,934). After expen58s of £132,300 a deficrt of £41,913 arose. which has been included in the charitable company's funds. Income is matehed lo expenditure as afar as possible, which is in line with our revenue recognition policy. Depending on the conditions attached to the income receipt (( may be possible lo defer, or accrue, lo match against expendi(ure. The decrease income this year is due to grants received in the 2024 financial year in relation lo the Aboyne Paths Project, Total funds available are £480.251, of which £97.719 are unrestrid8d. Prlnclpal fundlng sources The continued operation of the communty transport service is. dependent on the ongoing lunding and support from Aberdeenshire Council and the Network Support Grant ITransport Seollandl. In the current climate, funding is key to the succe$5 of ngw initiatives and the Trustees are continually monrtoring the sources of income and grants lo ensure the completion of projects. Going concem Al the lime of approving the financial slalements the Trustees have a reasonable expectation that the charty has adequate resources to continue in operation existence for the foreseeable future. Thus the Trustees Continue lo adopt the going concern basis of a¢counting in preparing the financial slatemenls. Resewes policy The unrestricted fund represents the free reserves available lo the charitable company lo fulfil ils primary objectives. The level of reserves is reviewed on an annual basis. In the event that the charitable company would lose funding from Aberdeenshire Community Transport Iniliatwe, il would look to Continue the bus 5erviee in as far a8 possible for a period of ￿e1ve months. During this period the charitsble company would seek lo secure funding lo continue to operate going fomard. To this extent we have placed 12 months of reserves on deposit as follows.. General £14,000, and Communty Transport £38,000. Any funds resulting in deficit will be covered using the available surplus from the unrestricted funds. Major nsks The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. Plans for futura perlods Plans for the future are referred to in the Report of the Chaimian on page 1. Structure, goveman¢& and management The charitable company, which 15 limited by guarantee and therefore governed by ils Memorandurn and Article8 of Association, is a registered charity. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited lo £1 per member. Aboyne Community Trust Trustees. report Ilncludlng dlrectors. report) Icontlnued) for the year ended 31 December 2025 The trustees, who are also the directors for the purpose of c¢Jmpany law, and who seNed during the year and up to the dale of signature of the financial statements were.. Malcolm D Laing David W Marshall Ashley P Barker Philip S Lee Alan J Emslie Fiona G Robertson Antonia Eastwood Graham N Taylor Christopher M T Grieve Nichola5 W Tapper Susan Taylor Brian C Rae {Resigned 17 September 20251 (Resigned 17 September 20251 (Appointed 17 September 20251 (Appointed 17 September 20251 (Resigned 17 September 20251 Recruilmenl and appointment of twstegs The directors of the chartsble company are also charity trustees for the purposes of eharilable Law. Under the requirements of the Memorandum and Articles of Association the number of directors shall not be less than three and not more than twelve. The directors of the charitable company shall comprise.. il ex officio a director nominated by Aberdeenshire Council from among the Councillors representing the Mid Deeside area. ill ex officio a director nominated by Mid Deeside Community Council. iii) such other persons c¢>opled as directors by the Board in accordance with the Articles, and ivl such other persons appointed as directors by the members in accordance with the Articles. Org2nisational slruclu The charitable company's operations are oversegn by a board of directors who meet re9ulaTly lo define, authorise and seek lo implement such projects. Mr Malcolm Laing is chairman of the Board of Trustees. The running of the eharitable company is managed by a small number of paid staff, with the co-ordination of the charity's day to day operations by Margaret Mulcahy. InduCt￿n and training of trustees The Board strives lo ensure that directors are infonned and educated on their role and responsibilitie¥ as charity director and Iruslee. The Irustee5' Teport was approved by the Board of Twstees. Malcolm D Lalng Trusl¢e L•LL Aboyne Community Trust Ind&pendent èxamlnerf$ report to the Irustg9s ofAboyng Communlty Trust I report on the finanaal slalemenls of the trust for the year ended 31 December 2025, which are sel out on pages 7 10 20. Respe¢tive rgsponsibllitles of trustees and examiner The charity Iruslees Iwho are also the directors of Aboyne Community Trust for the purposes of company lawl are responsible for the prgparalion of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scollandl Ael 2005 and the Charities Accounts (Scotlandl Regulations 2006.The tru51 Iruslee5 consider that the audit requirement of Regulation 1011llal-Icl of the Charities Accounts (Scollandl Regulations 2006 does not 8ppIy. 11 is my responsibilty to examine the financial slalemenls as required under section 44111{cl of the Chanties and Trustee Investment (Scollandl Act 2005 and lo stsle whether particular rnatters have come lo my attention. Basis of independent examintrrfs statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts IS¢ollandl Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. 11 also includes consideration of any unusual items or disclosures in the financial stslemenls, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide a15 the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements. Indgpgndent examiner's statement In the course of my examination, no matter has come lo my attention 1. which gives me reasonable Cause lo believe that in any matsrial respect the requirements.. to keep accounting re￿rdS in accordance wrth Section 4411llal of the Charities and Trustee Investment (Scollandl Act 200S and Regulation 4 of the Charities Accounts (Scollandl Regulations 2D06, and lo prepare financial statements which aecord with the accounting records and comply wrth Regulation 8 of the Charities Accounts Iscollandl Regulations 2006 have not been mel, or 2. to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the financial statements to be reached. Rlchard Chrlstle CA James Milne RD5ewood Raemoir Road Banchory AB31 4ET Date.. Aboyng Communlty Trust Statemènt of flnanclal a¢tivitiOS Includlng incom8 and expenditure account for the year ended 31 December 2025 Unrestricted Restrlcted Total Unrestrlcted Restrfcted funds funds funds funds 2025 2025 2024 2024 Total 2025 2024 Notes Income from: Donatlons and legacies 3,399 6.843 10,242 4.925 5.490 10.415 Administration Aboyne Health Aboyne Youth Projed Community Woodlands Bike Park Community Transport Aboyne Paths Group 2.280 2,280 2.280 4.767 2,280 4,767 1,492 1,492 77 77 4.774 4,774 75,126 1,115 75,126 1,115 82.643 392,787 82,643 392,787 Investments 437 1,180 1,617 511 899 Total Incomg 6,123 84,264 90,387 13,729 486,205 499.934 Expendltur& on.. Administration Aboyne Health Aboyne Youth Project Community Woodlands Bike Pat1( Community Transport Aboyne Paths Group 29,366 10.716 29,366 10,716 4,487 6.011 4,487 6.011 903 903 2,786 2.786 10.924 10 2,808 10,934 2,808 2,084 10 2,669 2,094 2,669 73,878 3,695 73,878 3,895 104,917 417,930 104,917 417,930 Total expenditure 51.909 80.391 132.300 15.368 525,526 540,894 Net Incomgllexpendlturel 145,7861 3,873 141,9131 11,6391 139,3211 140,9801 Transfers be1￿￿en funds 16 28.470 128,4701 {20,1121 20,112 Net movement In funds {17,316} {24,5971 141,9131 121,7511 119,2091 140,9601 Rgcon¢lliation of funds.. Fund balances al 1 January 2025 115,035 407.129 522,164 136,786 428,338 563,124 Fund balances at 31 December 2025 97.719 382,532 480,251 115,035 407,129 522.164 The slalement of financial activities includes all gains and losses recognised in the year. All it￿0Me and expenditure derive from continuing aclivilles. Aboyne Communlty Trust Slalement of flnanclal posltlon as at 31 December 2025 2026 2024 Notes Flxed assets Tangible as$els 10 276.104 299,453 Current a$set$ Debtors Cash al bank and in hand 11 8,455 208,557 8,278 226.450 217,012 234,728 Crgditors: amounts falllng dug wlthln one year 12 112,8651 112,0171 Ngl curront asso1$ 204,147 222,711 Total assets less current Ilabllllles 480,251 522,164 The funds of the trust Restricted income funds Unreslricled funds 13 14 382,532 97,719 407,129 115.035 480,251 522.164 The company is entitled lo the exemption from the audit requirement contained in $e¢lion 477 of the Companies Act 2006. for the year ended 31 December 2025. The directors acknowledge their re5pon5ibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation gf financial $latemenls. The members have not required the company to obtain an audit of 118 financial statements for the year in question in accordance with section 476. These finan¢ial slalemenls have been prepared in accordance with the provisions applicable lo companies subject to the small cornpanies regime. The financial statements were approved by the trustees on Malcolm D Lalng Trustee Aboyne Communlty Trust Nolgs to thg flnanclal statemonts for thg year endod 31 Decemb¥r 2025 Accountlng pollcS9$ Charlty Information Aboyne Community Trust is a prThiale company limited by guarantee Incorporated in Scotland. The registered office is 14 Carden Place, Aberdeen, AB10 1 UR. 1.1 Basls of preparation The financial slalemenls have been prepared in accordance with the Irusl's governing docurnenl. the Companies Act 2006 the Charit￿S and Trustee Investment (Scotlandl Act 2005, the Charities Accounts {Scollandl Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland" and the Charities SORP "AccDunts"ng and Reporting by Charrties.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 The trust is a Public Benefit Entity as defined by FRS 102. The trust has taken advantage of the provisions in the SORP for charities not lo prepare a statem￿t of cash flows. The financial $lalements are prepared in sterling. which is the funcb'onal currency of the Irusl. Monetary amounts in these financial slalemenls are rounded to the nearest £. The financial statements have been prep8re (N (Nowo CIWOUQ C¢£C