)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 restr￿lI0n$ 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