)rFJc COMPANY REGISTRATION NUMBER.. SC227985 CHARITY REGISTRATION NUMBER.. SC032803 Blair Atholl and Struan Initiative Company Limited by Guarantee Unaudited Financial Statements For the year ended 28 February 2026 BK PLUS Chartered Certified Accountants 26130 Bonnethill Road Pitlochry PH16 5BS
Blair Atholl and Struan Initiative Company Llmlted by Guarantee Financial Stat8ments Year ended 28 February 2026 Page Trustees, annual report (incorporating the directors. report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed stalement of financial activities 15 Notes to the detailed statement of financial activities 16
Blair Atholl and Struan Initiative Company Llmlted by Guarantee Trustees. Annual Report {Incorporating the Directors, Report) Year ended 28 February 2026 The Iruslees, who are also the directors for the purposes of company law. present their report and the unaudited financial slalemenls of the charity for the year ended 28 February 2026. Reference and admlnlstrative details Reglstered charlty name 81air Atholl and Slruan Initiative Charlty reglstratlon numbèr SC032803 Company reglstratlon number SC227985 Prlnclpal offlee and reglstered 8lair Atholl Village Hall offlce Main Street Blair Atholl PITLOCHRY PH18 5SG Scotland The trustees Mr J B Charlos (Chairman) Mr A 8rindley Prof V E Cree Mr A S Gordon-Gibson Mr R Gréer Mr D Mckenzie Mr M J Williamson (Appointed 19 Novgmber 2025} (Retired 22 November 20251 Company secretary Prof V E Cree Independent examiner John McKeilh C A 26130 Bonnethill Road Pitlochry PH16 5BS
Blair Atholl and Struan Initiative Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) {eontltstsa Year ended 28 February 2026 Structure, governanco and management The charity is a company limited by guarantee and is governed by ils articles of association. The members of the Charity are the Trustees for the time being and vice versa. We therefore have no membership from which to Tecruil new TFUStees. Our Board of Trustees could comprise.. A represenlalive of each "Regular Us&T Group", principally the main local groups using our facilities, although il is dtfficult to persuade some groups to appoint one., A local Perth & Kinross Councillor Ihelshe is agreed among the 3 Councillors for the Highland Ward following each election)., Up lo 3 trustees c¢>opted by the Board. We try lo maintain a total of al least 6 Trustees as this helps lo ensure continuity. If insufficient User Groups are willing lo appoint representatives, we approach suitable members of the community. We try to maintain a balance of skills on the Board. Over the last year, there was some re-organisalion within the trvslee group, in recognition of the increased workload of Baillie Mike Williamson.. we would like thank him for his continuing service to BAASI. AdditionaSly, one Iruslee resigned Imr A. Brindleyl and a new person joined the management committee; she will become a trustee in due course (Ms G. Scrbmgeourl. Objedives and activltles The objectives of the charity are- lal lo promote and advance the education of the public about working and living sustainably in Blair Atholl and Struan and the surrounding area., {bl lo enhance the quality of life of the inhabitants of Blair Atholl and Struan and the surrounding area through projects which encourage and provide integration, diversification and sustainability,. Icl to advance public participation in sport and to provide, or assist in the provision of, recreational and other facilities therefor- and Idl lo prevent loss of life. by managing a community emergency fund for the benefit of OTganisations and individuals resident in Blair Alholl and Slruan and the surrounding area, for the purpose of preparing, mitigating or recovering from the effects of events including, bul not limited lo, flcx)dirsg, fires or explosions. hazardous materials release, extended power or utility outages or mass casualty events.
Blair Atholl and Struan Initiative Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) fcontlnued? Year ended 28 February 2026 Achievements and pertomiance The Charity continues lo hold and manage the Memorlal Park In Blair Atholl on behalf of the community. The park was used by residents and visitors alike as a place of recreation and sport, including exercising, dog walking. football, picnics and informal gatherings. The playpark was also well used all the year round. The tennis court hosted a weekly social club And also weekly coaching for Blair Atholl Primary School children this year, 8s well as ad hoc sessions for visitors {bookable via the local hotel} and local people (free lo usel. One of the highlights this year was the construction of an 'all weather surface. path around the park lo be accessible for all park users. Although the funding for this path was managed by the Blair Alhol) & Slruan Community Council and delivered under a Paths for All grant Isupplemenled by additional fundr8isingl, the original proposal for the path came from a joint submission lo Cairngorms National Park from BA4SI and BAASCC in November 2022. 11 was good lo see BA4SI and BAASCC working closely together on this project in 202S. BAASI has also continued to provide an umbrella for the Friends of Blair Atholl Slalion IFOBASI, which operates as a separate sub-committee, governed by a Memorandum of Understanding and according to clause 3lb) of the BAASI Constitution 8nd ScotRail's Adopt-a-slation scheme. FOBAS is working lo improve rail services for local people and visitors alike and, in 2025, the group won a UK-wide Community Rail award and commendation in two categories in the Scottish rail awards. FoBas is now working towards the conversion of the long-empty slationhouse building into social Irentedl housing. The renovatson project will be managed by ScolRail. with input from Fo8AS. Flnanclal revlew Total income for the year was £27012025.. £368}, of which bank interest accounted for £195 with the balance being sports court hires. Total expenditure was £1,017 12025.. £2,304). Much of this was ongoing costs of insurance. depreciation. accountancy, and meetings. No maintenance was carried out this year. An item of additional expenditure this year was £200 donated for the Christmas lights project. The overall result for the year was a deficit of £74712025.. deficit of £1,936) which reduced lolal funds held at the year end to £35,870 (2025.. £36.6171. Of total funds. £20,485 was reslricled (2025.. £20,461). An analysis of funds held can be found in note 16 to the accounts. Small company provisions This report has been prepared in accordance wrth the provisions applicable lo companies ents'tled to the small companies exemption. The trustees, annual report {incorporating the directors, report) was approved on 21 May 2026 and signed on behalf of the board of Iruslees by.. Mr J B Charles {Chairmanl Trustee
Blair Atholl and Struan Initiative Company Limited by Guarantee Independent Examiner's Report to the Trustees of Blair Atholl and Struan Initiative Year ended 28 February 2026 I report to the trustees on my examination of the financial statements of Blair Atholl and Slruan Initiative I'the eharilrfl for the year ended 28 February 2026. ResponslbllStles and basis of report As the trusteès of the company land also ils directors for the purposes of company lawl you a responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 I'the 2005 Act'l, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2(K)6 I'the 2006 Act'l. You are satisfied that the accounts of the company are not required by charity or company law lo be audited and have chosen inslead to have an independent examination. Having satisfied myseff that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 44111{c} of the 2005 A¢1. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts {S¢ollandl Regulations 2006 las amendedl- Independent examlner's statement Since the charity is required by company law lo prepare ils accounts on an accruals basis and is registered as a charity in Scotland yOLJr examiner musl be a member of a body listed in Regulation 11121 of the Charities Accounts IS¢ollandl Regulations 2006 las amended). I can confirm Ihal l am qualified lo undertake the examination because l am a registered member of ICAS which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in wnneclion with the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. section 4411}lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; or the financial slalements do not accord wrth those records or with the accounting requirements of Regulation 8 of the Charities Accounts {Scottandl Regulations 2006., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Acl other than any requirement that the accounts give a 'true and faif, view which is not a matter considered as part of an independent examination., or the finaneial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021-
Blair Atholl and Struan Initiative Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Blair Atholl and Struan Initiatlve (continuodl Yaar ended 28 February 2026 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. J.) M John McKeith C A Independent Examiner 26130 Bonnelhill Road Pitlochry PH16 5BS 21 May 2026
Blair Atholl and Struan Initiative Company Limlted by Guarantee statement of Financial Activities (including income and expenditure account) Year ended 28 February 2026 2026 Restricted funds Total funds Total fvnds 2025 Unreslrlcted funds Note Income and endowments Investment income other income 195 75 195 75 313 55 Total Income 270 270 368 Expendlture Expenditure on charitable activities Total expendlture 1,041 1241 1241 1,017 2,304 1.041 1.017 2,304 Net expenditure and net movement In funds 17711 24 1747) {1,9361 Reconcillatlon of funds Total funds brought fotward Total funds Carrled forward 16,156 20,461 36.617 38,553 15,385 20,485 35.870 36.617 The stslemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivib'es. Th• not•s on pagès 8 to 13 form part of thèsè flnancial statements.
Blair Atholl and Struan Initiative Company Limited by Guarantee Statam•nt of Financial Position 28 February 2026 2026 2025 Note Flxed assets Tangible fixed assets 13 18.228 18,237 Current assets Debtors Cash at bank and in hand 14 96 18,471 18,943 18,567 18,943 Credltors: amounts falllng dug wlthln one year Net current assets 15 925 563 17,642 35,870 35,870 18,380 Total assets less current liabilltlgs 36,617 Net assets 36,617 Funds of the charfty Restricted funds Unreslrieted funds 20,485 15,385 20,461 16,156 Total eharlty funds 16 35,870 36,617 For the year ending 28 February 2026 the charity was enlilled to exemption from audit under section 477 of the Companies Act 2006 relating to sm811 companies. Directors. responsibilities.. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordance wilh sgQtion 476.. The directors acknowledge their responsibilities for complying with the requirements of the Act with respeel to accounting records and the preparation of financial statements. These finaneial statements have been prepared in accordance with the provisions applicable lo companies subjeel to the small companies. regime. These financial statements were approved by the board of Iruslees and aulhorised for issue on 21 May 2026, and are signed on behalf of the board by.. Oi Ln"eALÉ O£L Prof V E Cree Trustee The notes on pagos 8 to 13 fr>rm part of these financial stat•m•nts.
Blair Atholl and Struan Initiative Company Llmlted by Guarantee Not85 to the Financial Statements Year ended 28 February 2026 Gengfal Inforn)atlon The charity is a public benefit entity and a private company limited by guarantee, registered in Scotlantj and a registered charity in Scotland. The address of the registered office is Blair Atholl Village Hall. Main Street. Blair Atholl. PITLOCHRY, PH18 5SG, Scotland. Statement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. Ihe Statement 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 1021 (Charities SORP (FRS 10211 and the Companies Act 2006. Accountlng polieles Basls of preparation The financial statements have been prepared on the historical cost basi9. The financial statements are prepared in sterling, which is the function81 currency of the entity. Golng ¢oncem There are no material vncertainties about the charity's ability to eonlinue. Judgements and key sources of estimation uncertainty No material judgements, estimates or assumptions were made in the preparation of the financial slalemenls for the current or comparative years. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Restricted funds are subject to restrlI0n$ on their expenditure Imposed by the donor. Incornlng resources All income is included in the statement of financial activities when the charity is entilled to the income, any performance related conditions attached have been mel or are fully wilhln the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Tanglble assets All fixed assets are initially recorded al cost.
Blair Atholl and Struan Initiative Company Limlted by Guarantee Notes to thè Financial Statements (¢onlinugdl Year ended 28 February 2026 Accountlng pollcies (¢onUnu8d) Depreclatlon Oeprecialion is calculated so as to write off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows.. Sports equipment Sports pitch 2SOfi reducing balance 100/0 straight line Impalrnient of fixed assets A review for indicators of impairment is carried out at each reporting dale, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaim)ents are also reviewed for possible reversal at each reporting date. Financlal Instruments A financial asset or a fin8ncial liability is recognised only when the entity becomes a party to the ¢onlr8CtU81 provisions of the inslrumenl. 8asic financial instruments are initially recognised 81 the amount receivable or payable including any related transaction costs, Ljnless the arrangement constilules a financing transackn"on, where il is recognised at the present value of the future payments discounted at a market rale of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other considemlion expected lo be paid or received and not discounted. Debt instruments are subsequently measured al amortised cost. Other financial instruments are subsequently measured at fair value. with any changes recognised in profit or loss. Fin8nci81 assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment al the end of each reporting date. If there is objective evidence of impairrnent, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was reco9nised. Any reversals of impairment are recognised immediately, to the exlenl that the reversal does not result in a carrying amount ol the financial asset that exceeds what the carying amount would have been had the impairment not previously been recognised. Cash and cash equlvalents Cash and cash equivalents consist of deposits on call al banks. Llmlted by guarantee The company is limited by guarantee. The liability of the guarantors in the event of a winding up is limrted to £1.
Blair Atholl and Struan Initiative Company Limited by Guarantee Notes to the Financlal Statements (¢onUnu8dJ Year ended 28 February 2026 Investment income Unrestricted Total Funds Unreslricled Total Funds Funds 2026 Funds 2025 Bank interest receivable 195 195 313 313 Other Income Unrestricted Total Funds Unreslricled Total Funds Funds 2026 Funds 2025 Rents 75 75 55 55 Expenditure on ¢harltable actlvltles by fund type Unrestricted Funds Reslricled Total Funds Funds 2026 Provision of sports pitch Support costs 374 667 374 643 {241 1241 1,041 1,017 Unreslricled Funds Reslricled Total Fursds Funds 2025 Provision of sports pitch Support costs 1,696 1,698 608 24 2,280 24 2,304 Expendlture on charltable actlvltles by actlvlty type Activities undertaken directly Support Total funds costs 2026 Total fund 2025 Provision of sports pitch Governance costs 374 374 643 1,696 608 643 374 643 1,017 2,304 Net expendlture Net expenditure is slated after chargingl{credilingl'. 2026 2025 Depreciation of tangible fixed assets 13 10
Blair Atholl and Struan Initiative Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 28 February 2026 10. Independent examination fees 2026 2025 Fees payable lo the independent examiner for.. Independent examination of the financial slalements 462 480 11. Trustee remuneratlon and expenses No remuneration or other benefits from employrnent with the charity or a related entity were reeeived by any trustee12025.' nil) No trustees were reimbursed for expenses incurred12025.' nlll. 12. Staff costs The lolal number of employees during the year was nil (2025.. nill. 13. Tanglble fixed assets Land and buildings Sports equipment Sports pitch Total Cost At 1 March 2025 and 28 February 2026 Depreclatlon At 1 March 2025 Charge for the year At 28 February 2026 Carrylng amount At 28 February 2026 At 28 February 2025 18,200 1,027 77,737 96,964 990 77,737 78,727 999 77,737 78,736 18,200 28 18,228 18.237 18,200 37 The land value contained within thè financlal statements is in respect of that proportion of the overall land gifted which pertains lo the all weather sports pitch. It does not reflect the value of the total land gifted. The valuatlon of the portion of land gifted was made by Finlayson Hughes, Chartered Surveyors. 14. Debtors 2026 2025 Prepayments and accrued income 96 11
Blair Atholl and Struan Initiative Company Llmited by Guarantee Notes to the Financial Statements (contlnued) Year ended 28 February 2026 15. Credltors.. amounts falllng due wlthln one year 2026 2025 Accruals and deferred income 925 563 16. Analysis of charltable funds Unrestrlcted funds At 28 February 2026 Al 1 March 2025 Income Expenditure General funds 16.156 270 {1.0411 15,385 At 28 February 2025 Al 1 March 2024 Income Expenditure General funds 18.068 368 {2,2801 16,156 Restrlcted funds At 28 February 2026 At 1 March 2025 Incofne Expenditure Atholl Estates Community Fund 18.200 2.261 18,200 2,285 24 20,461 24 20,485 At 28 February 2025 Al 1 March 2024 Income Expenditure Alholl Estates Community Fund 18,200 2,285 18,200 2,261 1241 1241 20,485 20,461 The Atholl Estates fund represents the market value of the gift of land made by Alholl Estates in the year lo 28 February 2003 less any disposals in following years. The Community Fund is to be applied towards providing relief in emergency situations occurring within the community- 12
Blair Atholl and Struan Initiative Company Limitod by Guarantee Notes to the Financial Statements (continuedj Year ended 28 February 2026 17. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2026 Tangible fixed assets Current assets Creditors less than 1 year Net assèts 28 16,282 19251 15,385 18,200 2,285 18,228 18,567 {9251 35,870 20,485 Unrestricted Funds Restricted Total Furids Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 37 16,682 15631 16,156 18,200 2,261 18,237 18,943 15631 36.617 20,461 18. Related partles There were no transactions with related parties during the year12025.' nill. 13
Blair Atholl and Struan Initiative Company Limited by Guarant•8 Management Information Year ended 28 February 2026 The followlng pages do not forni part of the flnanclal statements. 14
Blair Atholl and Struan Initiative Company Limited by Guarantee Detailed Statemènt of Flnanclal Activities Year ended 28 February 2026 2026 2025 Income and endowments Investment Income Bank interest receivable 195 313 Other Income Rents 75 55 Total income 270 368 Expenditure Expenditure on charltable actlvltles Repairs and maintenance Insurance Legal and professlonal fees Deprèeiation Other interest payable and similar charges Donations Sundry expenses 1.302 334 584 13 24 165 667 1241 200 47 1,017 2.304 Total expendlture 1.017 2,304 Net expendlture {7471 11,936) 15
Blair Atholl and Struan Initiative Company Limited by Guarantee Notes to the Detailed Statement of Flnancial Activities Year ended 28 February 2026 2026 2025 Expenditure on charitable activitles Provlslon of 5POrts pitch Activities undortakgn directty Repairs and maintenance Insurance Depreciatron Donations Sundry expenses 1,302 334 13 165 200 47 374 1.696 Governance costs Governance costs- accountsncy fees Governance costs- costs of Iruslees. meetings Govemance costs - other finance costs 462 205 1241 643 480 24 608 Expenditure on Charltable actlvltles 1.017 2,304 16