Company Tegistratiott number- SC234246 Charity registration numb¢r: SC033300 Jedburgh Community Trust (A company limited by guaralltee) A1Ual Report and Fillancial Statements for the Year Ended 30 SeptembeI 2025
Jedburgh Community Trust Contents Reference and Administrativc Detai15 Ttustees, Report 2to7 Statem¢nt of Twstees, R¢sponsibilities Independent Examiner's Report Statem¢nt of Finan¢ial Activities 10 Balance Sheet Note5 to the Financial Statements 12to22
Jedburgh Community Trust Reference and Administrative Detai15 ChRirperson J Steele Secretary F Benton ChArity RegistrHtion Number SC033300 Comp*ny Registration Number SC234246 The charity is incorporated in S¢otland. Th¢ Port House I l Exchange Street Jedburgb TD8 6BH Regl$tered Office IndepettdeDt Exwrniner David Campbell Chartered Accountant 27 North Bridge Street Hawick TD9 9BD Pa8e I
Jedburgh Community Trust Trustees, Report The Trustees, who are directors for the purposes of Company law. present the annual reporl logether with the fmancial statements and independent examiner's report of the charitable Company for th¢ y¢gr ended 30 September 2025. Objectives And activities Objecls aNrf Jedburgh Community Trust 15 a S¢otlish Charity alld its Oims and objectives are 05 follows.. (l) To promote the benefit of the inhabilAnts of the Royal Burgh of Jedburgh and its environ5 without distinction of se sexualtty. political, religious or other opitiions by asso¢ia¢ing the local statutory ailthorities, voluntary organisalions and inhabitants in a cornmon effort to advance education and to provid¢ facilities or a551St in the provision or faGililics, in the interests olsocial welfare, for recreation and other leisure time occupation so tlia¢ their conditions of lÉfe illay be improY¢d. (2} To promote the Conservation, preservation and Testoralion of the environtnent of tbe Royal Bur81) of 3edburgh providing always that this is for the public benefit and that any benefit confeed on private owners is greatly outweighed by the benefil to the general public. (3) To promote for the benefit of the inhabitallls the preservation of any buildings in the Royal Burgh of Jedbllrgh which are of historical and/or aichitectural merit and whi¢h are open to the general public, pi0vding Ihat any benefit conferred on private owners is greatly ouhveighed by the benefit of the con)munity at large. There have been no changes to the Trnst's obje¢tives in the year ended 30th Scptcmber 2025. Page 2
Jedburgh Community Trust Trustees, Report Acbieyement and Performance Revieiv of Activities The Jedburgh Community Trust is working on a number of projects to improve facilities and thc cnvironment for the people of Jedburgh, in accordance with the aim5 and objectives of the Trust. 1SAbbey PlficePremises Jedburgh Com1U1ty Trust has continued to let the pretnise5 at 15 Abbey Place to The jed Sh¢d, a Scottish Charity providing activities to prevenl social isolation and loneliness. T]ie legal requirement to instsll an updated fire alarni system in the property was completed in December 2024 al a cost of just under £3,000. PortHouse Compl The Port House coinplex at Exchange Strcet was purchased in March 2010 with a 8rant from th¢ TO Centre Regeneratio Fund. The Port House is a 3-storey Category A listed buildin& with another 3-5torey warehouse ('The Bakety'} to the rear and other single-storey buildings in the adjacent courtyard. Behind that in Grahamslaw Close is a 1.5-storey row of J gai'ages. Those parts of the property that are fit for use are rented out for meAnwhil¢ us¢ to generate income for the Trust towards operational costs, insurance and mainteThance. The Port House remains fully t¢nanted and is contributing an annual income to help tneet the Tnt'S ¢xpeiise5. The curtent tenant on the Ground Floor is a provid¢r of coJJmunity health provision and training services (AB Health and Wellness Ltd., trading as "AB Health and Wellness Hub"). This is a wel¢ome ¢omplem¢ntary addition to the local health provision off¢r¢d by NHS Scotland, alld tbe Board would like tts congl.alat¢ the company on ils Buccessful initiative in Jedburgh. Th¢ Firsi Floor is cUentlY renttd out to Town Hub Ltd., a provider of short-t¢mi r¢ntal of office space. with the agreement commencing l January 2023 with a term of 3 year5 to l January 2026. The agreemen¢ between Town Hub Ltd. al the Jedburgb Banking Hub to sub-let the space on a temporary basis caffte to an end in January 2025. The Second Flooi fit-out was completed in May 2023, and a local business speciali5Lng in Environmental Art and Creative Practice Research (ArtAffect Ltd.) have been in residen¢e since Oetober 2023. The company aTe potentially looking to relocate to The Bakery once tbe renovation work is ¢ompl¢ted on that pmperty. The Bakery- Jelharl Creftllve Q114rter The main focus of the Twsl¢es in the last fu)¢[al year has been on the renovation of The Bakery building situated behilld the Port House in Exchange Street. Following our Levelling Up Fundittg applicatio the JCT Board receÉved eonfirniation from th¢ UK Gov¢mment that the Trust would be awarded £1.5M of capitsl funding to finance the project. to be delivered and athllinistered Vif4 stI]Sh Borders Council ("SBC"). Following on from the South of S¢otland EnterIse Feasibility Study and havttig received a llotification of interest from a cooperative of local artistic talent who felt that The Bakery building would lend itself to the types of creative arl$ they are involved in, the JCT Board felt tbat it was sensible to ¢ontinu¢ with the local f]rrn Aitken Turnbull Archite¢ts Ltd. {"AT" based in Galashiels) who were prevlously appointed for the Design Phase. AT w¢r¢ responsible for submitting Plantiing Applications and getting the ne¢¢ssary Building Warrant5 and permissions in pl¢ with SBC. Given theiT fatniliarity Wlth the project it made perfe¢t sense to extend their involvemenl and appoint them to be Project Managers for th¢ wrnpl¢¢ion of the work. The scope of the proj¢¢t also included The Garages Grahamslaw Close located directly behind The Bakery. and part of AT'S remit has been to pr¢s¢nt a holistic solution to SBC Plalming Department that showed how The Garages site would look after they were demolished and r¢pla¢ed with & residential development. Their proposal provided a comprehensive juslification for such aclion& whil¢ also l¢v¢raging th¢ project as a catalyst to extend the legacy of ibe Port House initiative. Thi5 entai15 the creation of a vibrant'creative Qllart¢T' in ihe town, with the potelltial to support local artists and ¢omrnunity events with far-reaehing. positive. long-tem) impacts. Page 3
Jedburgh Community Trust Trustees, Report Both eontraCt5 were awarded after a competitive tender process whieh was scored by AT and Quantity Surveyors Thomson Gray. For the main Bakery contracr we interviewed the iwo top-ranked contractors to ensure that we were happy that they Could deliver on tim¢ and on ¢ost. The completion date is scheduled for 4 Septemixr 2026. The initial demolition ¢ontra¢t work to The Garages was awarded to and carried out by Cubby Constru¢tion Ltd. (fom)erly J Laidlaw & Sons Ltd. who were ihe main contractor for the Pori House), with the completion of the demolition work Bnd the main Bakery contract being awarded to Jym¢s Swinton & Co. Ltd. with a start date of 20 September 2025. JCT Trustees aDd ArtAffect Ltd. believe that such a hub will attract other similar talent aT give a creative slant to the Port House complex. whscli would compl¢ment the offl¢e-fo¢$ed space of the main property. The directors of ArtAffeet Ltd. have already received considerable int¢r¢st from other local artists for a range of actlVLties. As part of the "Creative Quarter" them¢, the Tn]stees have Commissioned a seulpbjre from a local fabricator which highlights the town's annual "Hand Ba" event, and this will be located in the courtyard behind the Port House and in front of The Bakery. Also. pla]J5 are underway to repurpose a disused historic iowu clock {Boyds Mill clock) and locate this in the eourtyard. ID order to keep the townspeople Infornd of the project the local rn8gazine (The Jed Eye) has been running article5 on the progress of th¢ worL and this appears to be well received. Other Charitable Work Loihifin Park PHblic Toilels The transfer of the public toilet premises situated in Lothian PArk from Scotttsh Borders Council ("SBC'? to Jedburgh Conununity Trust ("JCT") was effect¢d as of 29 Aprftl 2025 for a period of one year. At the end of this period JCT can either decide to continue the agreement, potentially take ownership ihrougb a conununity asset tr8nsfer from SBC, or to hand the facility back to SBC if it is ¢onsidered urte¢onomi¢ to rull. In order for the property to be viable JCT needed to seeure funding to install an electronic payment system so that the facaltlie5 were no longer free, and a charge of 50p p¢r ¢ntry wos agreed. This was a¢hieved with funding secured from two sources, with grants of £2.560 from the NeighboLwhood Support Fund (administered by The Cheviot itrea Partnership) and £2,316 from Ibe Jedburgh Comrnon Good Fund. Tbe café owner next door to the site has been a great help, managing and leaning the premises and as we enter the quieter Winlei period we believe we call raise suffictent income to cover the atmual 05ts. Direelors ftndAdminis1rnlion During the year threc new Directors joined the Board with four resi8nitiB. while since the year-end B further Trustee has intimated they will b¢ resigtting {due to relocating) which will see our nutnbers fall to eight from the maximum number of ten. However, we do not expect that this will impact the ability of the Trust with the oThgoing managem¢n¢ of th¢ Port House, The Bakery / Garages project and Lothian Patk toilets. The Board would like to take this opportunity to thank Andrea Marsden for serving as Cotnpany Secretary up to her resignation a5 of 16 January 2025, and wish her well in following her otber illtetests. The Board would a150 like to thank Jackie Hill, Ivor Hughes and Dan Gibson for th¢ir ¢ontributions to the Tntst. Pagc 4
Jedburgh Community Trust Trustees, Report FinAnclAI review In 2025, the net wrplus in Unrestricted Funds was £5.495 (2024.. a deficit of £1,647) and the net surplus in Re$trieted Fund8 wa5 £276,343 (2024.. a net deficit of £4.551), 8iving a total sujplus of £281,838 {2024'. a totfil deficit of £6,198). At the year end the Charity held Ut)restricted Funds of £17,304 (2024, £11,809) and Restricted Funds of £1.497,492 (2024.. £1,221,149) givtng a total of £l.514,796 (2024: £1.232,958). Policy on Yeserves The Board's poli¢y is to maintain overall reserves equivalent to at least one year'g unrestricted expenditure. Th¢ Dir¢ctors constder that this level will provide sutTi¢ient funds to cover support and governance costs and ongoing insuran¢e aThd mainletmnce of pioperty. Page 5
Jedburgh Community Trust Trustees, Report Trustees officers The trnstees and officers serving during the year and sinee the yr end were as follows.. Trustees.. N Kerr J Steele R Si¢wart l Hugh¢5 {r¢signed 21 May 2025) J Hill (re5iglled 16 January 2025) J Taylor D Gibson (resIed 4 September 2025) F Bento A Mar5den (rc5igned 16 January 2025} D Ross N Mallley (appoijited 21 May 2025) l Maxwell (appoÉIited 21 May 20251 P Elliott {4ppointed 23 August 20251 Chairperson J Stecle Se¢retary'. F Benton Structurey governance and maD8gemeDt ofgoverAlng rfoetsmenl . Constitution The ¢ompany, which is a re815tered charity in Scotland. is a charitable compally limited by guarante¢ and was set up by Metnoranduffl of As50ciatkon OTh 18 July 2002. Thc principal object of th¢ Company is to promotc, support and devclop the community of the Royal Burgh of Jedburg b. Method of Appointment or election of Trllstees Trnstees are elected by the mernbersbip at the AGM. vacancie5 are filled by appointment to the Board as a result of nomination At A Board mcelin8. proposed and seconded by cUent board members and recorded ill the i))inutes of that meetlng. Polieies Adopted for the inductitsn training of Tru5tee5 TtU5te¢s are inducted into the Company widi an induction pack, which surnmarkses TnLStees' obligations and responsibilities. R¢levant training 15 offered to both new and existing Trustees on 811 aspects of 8ovcrnance. Financial instrumeDt8 Objécllves fttsdpollci8Y The charItS a¢tivities expose it to a number of financial risks in¢ludiDg credit risL cash flow risk and 15quidtty risk. The use of financial derivatives is governed by the charity's policies approv¢d by tb¢ board of trnslees. whi¢h provid¢ written principles on the use of fancial derxvative5 to m&nage these risks. Th¢ charity does not us¢ derivative f&¢11 instruments for speculative purposes. The lljain financial risk 15 that our tenants cancel their agre¢ments but our reserves should be suffi¢ient to ¢ov¢r the or8aIiisation's c&sh commitments until new tenants ar¢ found. Page 6
Jedburgh Community Trust Trustees, Report CAshflow rlsk The charity's activities expo$¢ it prinjarily to the fmancial risks of changes in interest rates. Interest bearing assets and liabilKties are held at fixed rate to ensure certainty of cash flows. CrÉdll rlsk The charity'g prin¢ip&l financial assets are bank balances and cash, IrAde and other re¢eivabl¢s. The charity's ¢redit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful Teteivables. An allowance for impairment is rnade where there is an identified Ios5 eveni whic based on previous experience, is evidence of a reduction in the recov¢rability of the cash flows. The credit risk on liquid ndS and derivative financial instruments 15 limited because the counterparties ar¢ banks with high credit-ratings assigned by inlernational ciedst-rating agencies. The charity hos no Significant concentration of credit risk, wAtb extx)sure spread oY¢r a large llumber of count¢rparties and eustomers. Llguldlty rlsk Further details regarding liquidity risk can be found in the Statement of a¢¢ow)ting policics in the financial statements. Small companies provision statement This r¢port has been prepared in accordance with the Small companies regime under the Companies Act 2006. Th¢ annual rcport was approved by the tnjstees of the Charity on 19 Jpnuary 2026 artd signed on Its behalf by.. J Ste¢l¢ Chairperson and Trustee Page 7
Jedburgh Community Trust Statement of Trustees, Responsibilities The tiStee$ {who are also the directors of Jedburgh Community Trusc for the PiLfp05es of company law) are responsibl¢ for preporing the trustees, report and the financial stat¢ment5 in accordance wKth applieable14w and Unit¢d Kingdom Accountitig Standards (Ullited Kingdom Generally Accepted A¢counting Practice), includtng FRS 102 "The Finanrial Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts havc beet) prepared in a¢¢ordanrc with the provisions tn the Conipanies Act 2006 relating to small con)panies. Coiwany law requires the trusle¢s to prepare financial statements for each fman¢ial year. Under company law tlie trustees musl not approve the fknancial statem¢nis unless they are satisfied that they give A twe and fair view of the state of affairs of the charitable company 3nd of the in¢omtng resouices and application of resources, including ils income and expenditure. of the charitable cornpany for that period. In prepartng these financial statement& tbe trustees are required to= srlect 5Uit8ble accounting policies and apply them consi5tently' observe the m¢thods and prin¢iples in the Charities SORP; make judgements and estimates that are reasonable #nd prudent. state whether app12cable accounting standards, eornpristng FRS 102 hav¢ been followed, subject to any material departures disclosed and explained in the financial staternents. and prepare the financial statements on the going ¢oncrrn ba515 unless It is inappropriate to presume ihat the charitable comparjy will continue in biisiness. The Iruslees air responsible for keeping proper accounting records that ¢An disclose with reasonable accuracy at any time thc financial position of the ¢h8ritable company and enable them to ensure that the financial Statements comply with the Companies Act 2006. Cl)arities and Ttustee Invesbnent (Scotl8nd) Act 2005 And The Charities Accounts (Scotlandl Regulations 2006 (as 8mended). They are also responsible for safeguarding the assets of the charitable company and hencc for taking reasonable steps for the preverttion and detection of froud otjd other irregularities. The ttU5tee8 are responsibl¢ for the maintenance and integrity of the ¢orporate and finaneial InforntiOn included on the charslable company's w¢bsite. Legislation governing th¢ prepar4tioll and dissemination of financial statements may differ from legislation in oth¢r jurisdictions. Approved by the tsustees of the ¢harÉty OD 19 January 2026 and signed on ils behalf by- J Steele Chairperson and Trustee Page 8
Jedburgh Community Trust Independent Examiner's Report to the trustees of Jedburgh Communlty Trust ('the Company,) I report to th¢ ¢harity trustees on my examination of the aceounts of the Company for the year ended 30 Sq)tember 2025. Responslbililies aDd balis of report As the charity's trSte¢S of the Cornpany {and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the reguirernents of the Charities and Tntee Investment (Scotland) Act 2005 ('the 2005 Act,), the Charities Accounts IS¢otland} Regulation5 2006 (as arnended) and the Companies Act 2006 ('tbe 2006 Act.). You ar¢ satisfied thot the accounts of the Company are not required by charity or company law to be audited and have ¢hosen instead io have an independ¢nt examination. Having satisfied myself that the accounts of the Company art not required to be auditcd under Pt 16 of the 2006 Act and are eligible for independent ex8minatio I report in respect of my examination of your charity's accounts as carried out under section 44 {1) I c) of the 2005 Act. In catrying out my examitlation I have followed the requirements of Regulation I I of the Charities A¢¢ounts (Scotland) Regulations 20061AS amended). Independent examiner's stxtement Since the Company is required by company law to preparc its accouttts on an ac¢rllals basis and is regislered as a charity in Scotland your examiner must be a member of a body listcd in Regulation I1(2) of the Charities Accounts {S¢otland) RegulatiOll5 2006 (as gmended). I can ¢onfirni that l am qualified to undertake the examination b88¢ I a registered member of ICAS, which is one of th¢ listed bodics. I have completed my ¢xan]ination. I confirni that no matters have come to my att¢tion in com)ection with the examination giving me cause to beli¢ve'. accounting records were not kept as requir¢d by section 386 of the 2006 Act and Regulation 4 of the 2006 Accounts Regulation- or 2. the accounts do not accord with those r¢¢ords and comply with the #ecounting requirements of Regulation 8 of ihc Charities Aceounts (Scotland) Regulations 2006- or 3. th¢ accounts do not comply with the accountittg requirements of section 396 of the 2006 Act other than any requirement that the a¢¢ounts give a 'true and fair vi¢W whi¢h is not a matter considered as part of an independent ex8mination', or 4. th¢ accoullt5 have not been prepared in Accordancc with the methods and prin¢ip1¢5 of the Ststement of Recommended Practice for ac¢ounting and reporting by charities {applicable to charities pr¢p8ring their accounts An accordance with th¢ FEnallcial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no conceTll5 alld have come across no othcr matters in connection wiib the examination to which attention should be drawn in this report in order to enabl¢ a proper nderstanding of the accounts lo be irached. David Campbell Chartered Accountant ICAS 27 North Bridge Street Hawick TD9 9BD 19 January 2026 Page 9
Jedburgh Community Trust Statement of Financial AclivRties for the YeAr Ended 30 September 2025 (Including Income and Expenditure Account and Statement of Total Recognised GHins and Losses) UDre$lricted funds Restricted funds 2025 Note Income And ENdoivments from: Donations and legacies Other trading activities Total income 295,711 295,711 20,432 20.432 20,432 295,711 316.143 Expenditure on: Charitable a¢tlVllies 14,937) 19,368) (34,305) Total expenditure Net income (14,937) 19,3681 34,305 5.495 276.343 281,838 N¢t movement in funds 5,495 276,343 281,838 ReconciliAtion of funds Total funds brougbt forward Total funds carried foTward 11,809 1,221,149 1,232.958 16 17,304 Unrestricted fuDds 1,497,492 Restricted fullds 1.514,796 2024 No¢e IDcome Sliid Elldoivment8 frotD: Other tradillg activities Total Rncome 18,727 18,727 18,727 18,727 Expejkditure oll: Charitable activities (22,066 2,859) 24,925 Total expenditttre N¢t expellditure Transfers between fidS {22.066) (2,859) (24,925) (3,339) 1,692 (2,859) (1.692) (6.198) Net movement in fud5 {1,647) {4,551) (6.198) ReeoDcili8tioll of fund8 Total funds brought forward Total funds carried forward 13,456 1,225,700 1.239,156 16 11,809 1,221,149 1.232,958 All of the charity's a¢tLVities derive from continuing operations during the above two periods. The fund5 breakdown for 2024 is shown in note 16. The notes on pages 12 to 22 fornj an integral part of these funcial $tat¢ments. Page 10
Jedburgh Community Trust (Registration number: SC234246) Balance Sheet as at 30 September 2025 21b25 2024 Note Flxed assets Tangible assets 1,405.325 1,210,649 CurreDt 4$iets Debtors Cash at bank and in halld 12 13 18.908 115,193 134,101 9.630) 658 38,433 39.091 Creditors: Amounts fauillg due within one year 14 1,782 Net cuyrent ast5 124,471 37,309 Total asset$ eurrent liabilitie$ 1.529.796 1,247,958 Creditors: Amfyunts falling due After ]nore than one yeAr 15 15.000 15,000) 1,232,958 Net Assets 1,5l4.796 Funds of the ¢barity: Re¥tricted Income funds Restri¢i¢d funds 16 1.497.492 1.221.149 UDre5trieted income funds UnrestrlGted ndS 17.304 11.809 Total fund$ io 1,514,796 1,232,958 For the fmat)cial year ending 30 September 2025 the ch8rity was entitled to ¢xernption from audit under section 477 of the Companies Act 2006 relating to small companie8. Direetors, responsibilities: The members have not required the ¢h8rity to obtain an audit of its account$ for the year in question in accordance with section 476,. and The directors acknowledg¢ their responsibilities for eojnplying with the requiremcnts of the Act with respect to accounting records and the preparation of a¢¢ounts. These fmancial 8tstements have been prepared An a¢¢ordance with th¢ special provisions relaling lo ¢ompanies subjcct to the small companies r¢gime within Part 15 of the Compani¢$ Act 2006. The financial Statements on pages 10 to 22 wer¢ approved by the trustees. And authoris¢d fgr issue on 19 January 2026 and signed on their behalf by.. J Steele Chairperson and Trustee The notes on pages 12 to 22 forni an integrol part of these fman¢io1 statements. Pagell
Jedburgh Community Trust Notes to the Finaneial Statements for the Year Ended 30 September 2025 E Charlty 5t4tus The chority is limited by gii3rAnt¢c, incoryorated it] Scotland, and ¢on5equently does not have share ¢apitsl. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The gddre5s of its r¢gistered office is.. The Pori House I l Exchange Street Jedburgh TD8 6BH Thes¢ financial statements were authorised for issue by the Injstees on 19 J8nu8ry 2026. 2 Accounting policies of sigTrificAnt accounting policies #nd key 4ccounting estlm*te$ The principal ountIng policies applied in the preparation of these fjnantial Statements are set out below. These policies have beell consistently applied to all the year5 presented, unless othenvise stated. Statement of eompliAnce Tlie fjnaneial staiements have been prepared in a¢cordance wsth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable io charities pr¢paring their accounts in occordance with the Financial Reporting Slattdard applicable in the UK and Republi¢ of Ireland {FRS 1021 leffectÈvc O¢tober 2019) (Chaiities SORP (FRS 102)), the Fla1 Reportitig Standard applicable in the UK and Republic of Ireland (FRS 102) and the Cornpanies Act 2006. Basis of prepxrAIioD Jedburgli Community Trust meets the definition of a public benefit entity under FRS 102. Assets and Ikabilities are initially recognised at historical cosi or transaction value unless otherwisc stated tn the relevant accounting policy notes. The financial 5tatemtnts ar¢ presented in £GBP and are rounded to the nearest £1. Golng concern The trustees consid¢r that there are no material uncertainties about the charity's ability to contit]ue as a goEng conccm nor any significant areas of urlcertainty that affect the carrying value of a55ets h¢ld by Ihe Charity. Exemption from preparing A CAsh llow $taternent The charity opted to eai.ly adopt Bulletill I published on 2 Febnwry 2016 and have iherefore not included a ¢a$h llow statement in these fjnancial statements. Income and endoivments All incorne is recognised once the charity ha5 entitleinent to the incom¢, it is probable that the in¢ome will be rec¢tv¢d ond the amount of the income receivable ¢Hn be measured reliably. Donftilons ftnrflegacies Donations are recognised when the charity has been holified in writing of both the amount and settlement date. In the event that a donatiOD is subj¢ct to condttions that require a level of perf0mnCe by the ¢harity before the chority is entitled io the nds, the income is deferred and nol recogrtised until either those conditions ore fully met, or the fillfiltnent of thos¢ conditiolls is wholly witbin the control of the Charity and it is probable that these ¢onditions will be fulfilled in the reporting period. Grnnls Yeeeivfjble Grants are reco8nÉsed when the charity has an ¢ntitlement to the fvnds and any conditions linkcd to the grants have been met. Wher¢ perfortnance conditions are attached to the gralll aTrd are yet to be me4 the in¢ome is recognised as a liability and included on the balance sheet as deferred in¢ome to be released. Page 12
Jedburgh Community TThst Note$ to the Financial Statements for the Year Ended 30 September 2025 Illvestmenl income Interest is re¢ognised as it is received. Expellditure All ¢xpenditure is recognised once there is a legal or constructive obligatLOtI to that expenditure. it is probable settletnent is requir¢d and the amount ¢an be measured reliably. All Costs arc allocated to the applicable expenditure heading that aggr¢g8t¢ sin]ilar costs to that ¢ategory. Where cost5 cknnot be directly attributed to particular headings they have been allocated on a basis COD51Stent with the use of resources, with Central staff costs allocated on the basis of time spent, wnd depreciation charges allocated on the portion of the asset's use. Other support costs air allocated based on the spread of staff costs. Chftil(nble Mclivilies Charitablr expenditure comprises those costs in¢uryed by the charity in the delivery of Ats activities and 5ervi¢es for its benefic%aries. It includes both costs that can be allocated directly to such activili¢s and those costs of an indirect nature necessary to SUPPOrt them. Support costs Support costs include ¢entrnl functions and have been allocated to activity cost cat¢gori¢s on a basis consistent wilh tlie use of resources, for example. alloc8ting property ¢osts by floor areas, or per eapita, staff Costs by the time spent and other costs by their usage. Governance ¢o$t$ These inGlude tl)e ¢osts attributable to the charity's complianee with oonstitutiongl and statutory requir¢ments, including audit, strdtegic inanagement and trnstee5 meetings and reimbursed expenses. Government grAnts Government grants are recognised based on the accrnal model and 8r¢ measured at the fair valll¢ of ihe asset re¢¢ived or receivabl¢. Grants are ela5sified as relating either to revenue or to assets. Grants relatiug to revenue 8r¢ recognised in incorne over the period in which the relatcd eosts are re¢ognised. Grunts relating to assets are recognised over the expected usefvl life of the assct. Where part of a grant relating to An a5S¢t is deferred, it is recognised as deferred income. Tfixation The charity is Considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Aet 2010 and iherefore it mee¢s the definition of a ¢hAritabl¢ company for UK corporation tax purytsses. Accordingly. the charity 19 Potentially exempt from taxation Iespect of incom¢ or capital gains receEved within categories covered by Chapter 3 Part I l of the Corporation TAX Act 2010 or Section 256 of the Taxation of Chargeable Gains Ael 1992, to the extent ihat such income or goins are applied ex¢lusively to charitable pu05¢S. Tangible fixed Assets Indivldual fixed assets ¢o$ting £300.00 or mor¢ ar¢ initially reeorded at cost. Depreciation and #mortigAtion D¢preeiatiori Is provided on tangible fixed 2S5ets so os to write off the cost or valuation. less any e$tiE]iated residual value. over their expected useful economi¢ life as follows= Asset cla55 Freehold property Compuler equiprnent Office EquipmeDt Depreciation method And rRte Not depreciated 33Yo slratght line 250/0 Straight line Page 13
Jedburgh Community Trust Notes to the Finaneial Stydtements for the YeAr Ended 30 September 2025 Trnde debtors Trnde debtors Bre amounts due from customers for Lncrchandi5e sold or services perfom)¢d in the ordinary course of business. Trade debtors are recognised initially at the transa¢tiort price. They are subsequently rneasur¢d al amortised cost Using th¢ effective interest method, le55 provision for impaimjent. A pmvision for the impaim]ent of trade debtors 15 established when there is objective evidence that the charity will not bc able to collect all amounts due according to the original ternis of the receivables. Casb cash equlvAlents Cash and cash equivalents ¢ompTise cash on hand and co11 deposits, and other 5hort-lerm higbly liquid investments that are readily Convertible to a known Amount of cash and ar¢ subjert to an InsilifIcant risk of cl8¢ in value. Trade creditor5 Trade creditOiE are obligations lo pay for goods or service5 that have been 4¢quired in the ordinary ¢ourse of business from suppliers. Accounts payable arc classified as current liabilities if the charity does not liave an unconditional ri1, at the end of the reporting period, to defer settlemcnt of the creditor for at least twelve months aft. the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting datc, they Are presented as n0n-cuent Trade cieditors ore re¢ognised initially at the trhnsaction price at)d subsequently measured at amor115ed cost using the effective interest method. Borrowings Inleresl-bearing borrowitw are initially re¢orded at fair valiie, net of Irattsaction costs. Interest-bearing boTh)wings are subsequently carried at amortised cost, wilh the difference betwccn the prts¢eed5, Det of transaction costs, aiid the amount due on redernplion b¢Eng recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. lrttetcst expens¢ is re¢ognised on the basis of the effective interest method and L5 included in intcre5t payable and sirnilar char8es. BotyowiJ)gs are classifled as current liabilities unle&s the charity hAs an unconditional right to drfer settlement of the liability for at leasi twelve months after the reporting date. Fund struetllre Unrestricted incom¢ funds are general fvnds that are availabl¢ for use at the trustees discretion in furtherance of the objectives of the charity. Restricted incorne fi]llds ore those donated for use in a particul8r 8rea or for specifi¢ puTroses, the use of which is restricted to that atea or purpose. Flnanci41 instruments Clfissifieolio Finatjcial as5et5 and financial liabilities are recognised wh<n the charity becomes a rtY to the ¢ontractuAI provisions of the instrument. Fin&ttcial liabilities and equity instrlllncnts are cla55ifi¢d according to the substance of the ¢ontra¢tual arrangements entered nto. An equity instrnment 15 any contract thot rvidences a residual inteTesi ill the assets of the Charity afier deducting all of its liabtlities. Pagc 14
Jedburgh Community Trnst Note5 to the Financial Statements for the Year Ended 30 September 2025 Reeogniiloll findxiedsuvemenl All f]nan¢ial oss¢ts and liabilities are initially ineasured at transaction price (including transa¢tion ctssts}. exw?t for those flnancial assets ¢18$5ified as at fair value through profit or loss, which are initially measured at fair value (which is nOrnllY the transaction pri¢¢ excluding transaction costs), unle55 tlie atrangement constitutes a financing iransa¢tion. If an an7ngement constitutes a financing transaction, th¢ financial asset or financial liability is measured ot the present value of the futur¢ PaYentS discounted al a market rate of illteresi for a similar debt insttvment. Financial assets and liabilities are only offset in the statem¢nt of financial position when, and only when there exists A legally enforceable right to set off the re¢ognised antsnts and the ¢harity illtends either to settle on a net bhsis, or to realise the asset ttlld Settle the liability simultaneously. Financial oSS¢ts are derecognised when and only wlien a) the contractual rights to th¢ ¢ash flows from the finanei81 asset expire or are s¢ttled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the Gharlty. despite having retained some, but not all, sigDificant iisks and rewards of ownership. hai transferred control of tlie asset to attother party. Finpncial liabilities ar¢ derecognised ojjly when the obligation speeified it) the contract i& discharged. uncelled or expires. 3 In¢•me from donatiort$ xnd legacies Restricted funds TotAI fund$ Donations and legacies. Donations and legacies Grants, including capital grants. Gov¢mment grants Third party grants Total for 2025 1.31YJ 1,300 289,535 4,876 289.535 4,876 295,711 295.71 I 4 Income from other trading activities Unrestricted funds General Total funds Propety rental in¢onie Total for 2025 20,432 20,432 20.432 20,432 T&tAI for 2024 18,727 18,727 Page 15
Jedburgh Community Trust Notes to the Financial Statements for the Year Ended 30 September 2025 5 Expenditiire OD eharit&ble Activities Unrestricted fund5 General Restrieted funds Totfil 2025 Insuran¢e Heat & light Computer costs Refurbishment costs Depreci8tion Bu5ine5s rates 6,196 (2,287) 430 3,831 3.734 2,773 6,196 (2,287) 430 20,881 6,052 2,773 17,050 2,318 14,677 19,368 34,045 URre5tri¢ted funds GenerAI Restricted lunds Tfjlal 2024 Insurance Heal & light Coinputer cost5 Refurbishment costs Depreciation Charitable donations Business rates 5,602 2,286 433 5,290 3.734 l.O(K) 3.603 5,602 2,286 433 5,290 5,667 1,926 3,603 L,933 926 21,948 2,859 24,807 In addition to the expenditure an&lysed above, Ihere are a150 governan¢r costs of £260 (2024 - £1181 which relate directly to charitable activities. See t]ote 6 for fi]rther details. Page 16
Jedburgh Community Trust Notes to the Financial Statements for the Year Ended 30 September 2025 6 Analysis of govevnance support costs Governan¢e eosts Unrestricted funds General Total funds Independent examiner fees Examination of the financial statements Legal fee5 Bank charges 21K) 55 200 55 Totfil for 2025 260 260 Total 2024 118 118 7 Net incominglout8olng resources Net incomingl(outgoing) resources for the ycar include: 2025 2024 D¢preciatioll of fixed 8S5etS 6.052 5,667 8 Trustees remullerntion And expeR5es During the year the charÉty nde the following transactions with trustees.. J Steele £42 {2024.. £Nil) of expenses were reimbursed to J Steele during the year. Cofftts bought for a design team meeting with Aitken Turnbull and Associates. N Manley £47 (2024= £Nil) of expenses were reimbursed io N Mat)ley during the year. N¢w keys for Port Hous¢ Second floor. N Kerr £200 (2024: £Nil) of expenses were reimbursed to N Kett during thc year. Scottish Borders Council building warrant for garages demolition. F Benton £215 {2024.. £Nil} of expenses wcre reimbursed to F Benton duriTJg the y¢ar. Companies House fees, website domain name and signage for Glebe toilets. No tn]stecs, nor any persons ¢onnected with the have received any r¢muneration from the charity during the year. No tn]st¢e5 have received ony other benefits from the charity during th¢ year. 9 Independent exgmlller's remuRer&tion 2025 2024 Examination of the financial statements 200 125 Page 17
Jedburgh Community Trust Notes to the Financial Statements for the Year Ended 30 September 2025 Th¢ charity is a registered charity and is therefore exempt from taxation. I l Tangible rtyed Asset5 Land 8Dd buildiDg$ Furniture and equtpmeD¢ TotAI Cost At l October 2024 Additions 1.197,552 197,034 22,158 3,694 ,219,710 200,728 At 30 September 2025 1,394,586 25,852 1,420.438 Depi'eciatio At l October 2024 Charge for the year At 30 Septemb¢r 2025 9.061 6,052 9,061 6,052 IS,113 15,113 Net book vglue At 30 September 2025 1.394,586 10,739 1,405.325 At 30 Septcmb¢r 2024 1.197,552 13,097 1,210,649 Page 18
Jedburgh Community Trust Iyotes to the Financi91 Statements for the Year Ended 30 September 2025 12 Debtor$ 202S 2024 Trade debtors VAT r¢¢overnble Other debtors 3.420 16.050 562) 1,658 1,000 18.908 658 13 Cash #nd eash equivalents 2025 2024 Cash at bank 115,193 38.433 14 Creditors: an)fyunts fAlllllg due within one year 2025 2024 Trode credilor8 Other loans VAT grant repayable Ac¢nMIs 9,124 119 1.215 119 323 125 387 9,630 1,782 15 Creditors." falling due After one year 2025 21124 Other loans 15,000 15,0 Creditor an3ounts falling due after more than one year include the following liabilities. on which security hos been given by the Charity.. 2025 2024 15.000 15,0(K) The loans are secured by a Standard Se¢uTity over the freehold prokxrty. Page 19
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Jedburgh Community Trust Notes to the Financial Statements for the Year Ended 30 September 2025 17 Anvllysis of net Assets behveen funds Unrestricted fund$ GenerAI Total funds at 30 September 21125 Restricted fud5 T8ngible fixed ossels Currei)t assets Current laabilities Creditors over l year Total nel ass¢ts 8,182 9,509 {387} 1,397,143 124,592 (9.243) 15.000 1,405.325 134,101 (9,630) 15,000 17,304 1,497.492 1,514,796 Unresti'icted funds General TotAI funds at 311 September 2024 Restricted (llnds Tangible fixed assets Current assets Current liabilities Creditors over l year Total net a55¢ts 8,989 4,483 {1,663) 1,201,660 34,608 (1191 15.000) 1,221.149 1,210,649 39.091 (1,782) (15,000) 1,232.958 11.809 Page 22
WORKIRO SIGNATURE CERTIFICATE Document Name JCT - Final Charity Accounts 2025.pdf Madeline Hunter (madeline@deansca.co.uk) 19 January 2026 16:36:01 UTC 52fbee6c-8a8e-42b3-ac13-a2b1c424da80 Creator Date Identifier Signers jsteele.ces@me.com E-mail jsteele.ces@ me.com 19 January 2026 17:00:05 UTC 90.194.202.0 Signed IP address