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Gartmore Community Trust SCIO Report and Accounts for the Year Ended 30 November 2025
Contents
| Page | |
|---|---|
| Reference and Administration Details | 3 |
| Trustees' Annual Report | 4 - 5 |
| Independent Examiner's Report | 6 |
| Receipts and Payments Account | 7 |
| Statement of Balances | 8 |
| Notes to the Accounts | 9 - 12 |
Page 2 of 12
Gartmore Community Trust SCIO Report and Accounts for the Year Ended 30 November 2025
Reference and Administration Details
| Charity Name | Gartmore Community Trust SCIO | |
|---|---|---|
| Charity Number | SC033887 | |
| Principal Address | Gartmore Village Hall | |
| Main Street | ||
| Gartmore | ||
| FK8 3RW | ||
| Trustees | Catherine Goldie | Chair (Resigned June 2025) |
| Paul Cooke | Co-Chair (Appointed June 2025) | |
| Isobel Madden | Co-Chair (Appointed June 2025) | |
| Mike Houghton-Evans | Secretary (Resigned October 2025) | |
| Jennifer Armstorng | ||
| Paul Speirs | (Appointed June 2025) | |
| Terry Allen | (Appointed June 2025) | |
| Kelly Forrester | (Resigned November 2025) | |
| Mike Holmes | (Resigned November 2025) | |
| Linda Green | (Resigned October 2025) | |
| Alan McCormick | (Resigned June 2025) | |
| Bankers | Bank of Scotland | |
| Teviot House | ||
| 14 South Gyle Crescent | ||
| Edinburgh | ||
| EH12 9DR | ||
| Independent Examiner | David Nicholls | |
| Brett Nicholls Associates | ||
| Herbert House | ||
| 24 Herbert Street | ||
| Glasgow | ||
| G20 6NB |
Page 3 of 12
Gartmore Community Trust SCIO Report and Accounts for the Year Ended 30 November 2025
Trustees' Annual Report
The trustees present their Report and Accounts for the year ended 30 November 2025.
Objectives and Activities
Charitable Purposes
The organisations purpose is:
●to manage community land and associated assets for the benefit of the Community and the public in general, as an important part of the protection and sustainable development of Scotland’s natural environment:
● to promote, establish and operate schemes of a charitable nature for the benefit of the residents of the Community:
●to provide within the Community,facilities for recreation and other leisure time occupations available to the public at large, with a view to improving their conditions of life:
●to promote, for the public benefit, the preservation (whether wholly or in part) of buildings and other structures of historic and/or architectural significance located within the community.
Achievements and Performance
Introduction
The new Board of the Trust began their terms of office in June 2025, welcoming several new members to the committee.
We would like to thank the outgoing Chairman, Katherine Goldie for all the work she and the board have done during their period of tenure.
Several members of the committee stood down during the year, and we are grateful to them for their contributions during the time they served on the committee. We have been able to recruit their replacements: we welcomed Simon Evans as treasurer earlier in 2026,Antje Peters is working with Mike Holmes to update the website,Janet Chesney is taking on the role of Bookings Officer from Jennifer Armstrong, whose term of office finishes in June, and Emma Chesney has become our Events Coordinator. Fiona Newton is Minutes Secretary,Terry Allan and Ian Newton have responsibility for maintenance and Paul Spiers is coordinating grant applications.
Charitable Activities
We have formed a Hall Users Group,with representatives of all the major groups who have activities in the hall. The Hall Users’ Group has set up a sub-group of fire wardens and a meeting is planned with a fire officer who will instruct them, and the Board, on fire safety measures. New fire notices and room plans have been provided throughout the hall and all emergency lighting has been updated.
We have a group of volunteers who step up when work is required. The spring cleaning of the hall was well supported and we were able to clear and repair the changing room and shower area for future use. We now also have a group of volunteers who are taking on the care of the lawns around the hall, the war memorial and the play park.
We have been able to welcome Ian Roe as Janitor for the hall and he and the maintenance team have been working over the winter to improve the heating system. We gained £500 in grant funding to help with this work.
The grant of £500 for the renovation of the telephone box that houses the defibrillator is in hand and the work is due to be carried out on 20th April.
Several events have been held in the hall, including an Elvis tribute night, an evening of opera provided by the touring arm of Scottish Opera, a Bingo Night in aid of the primary school and the Forest Theatre Company show, which this year celebrated 25 years of the company in the village. The school Christmas Show was delightful and well attended. The Village Lunch takes place every month and we have several weddings booked over the summer. The Taiko Drumming Festival is about the take place and we have a group of scientists who will soon be using the hall as a base for a study of mosses.
Page 4 of 12
Gartmore Community Trust SCIO
Report and Accounts for the Year Ended 30 November 2025
Trustees' Annual Report
We are working closely with the Black Bull Hub and Pub and there are plans to improve the area between the two buildings by removing the overgrown hedge and replacing it with a fence. This will allow the espaliered apple trees to gain more moisture and should help with the apple harvest.
The Board voted to allow a pilot project of a village shop to be set up in the small meeting room, with separate access at the side of the building. Although it is early days in the project, the facility has been well received in the village.
I would like to thank the Board members,the Hall Users Group and all the volunteers for their continuing support of the Community Trust to ensure that our village facilities are maintained and appreciated.
Structure, Governance and Management
Governing Document
The Charity is controlled by its Governing Document, a Deed of Trust, and constitutes a Scottish Charitable Incorporated Organisation (SCIO). It was converted from a Limited Company by Guarantee to an SCIO on the 10th July 2017.
It is a two-tier structure SCIO and as such the Trustees are appointed by the membership of the Trust.
Key Management Remuneration
The management of the organisation is undertaken by the trustees,who do so on a voluntary basis and so are of the opinion there was no remuneration paid to key management personnel in the year ended 30 November 2025 nor for the year ended 30 November 2024.
Trustee Recruitment and Appointment
All the Trustees are appointed or reappointed by the members at our Annual General Meeting (AGM) held within 15 months of the previous AGM.
Financial Review
Financial Position
The charity incurred a net deficit of £12,276 for the year ended 30 November 2025 (2024: surplus of £26,886). This is mainly due to SSE Energy billing previous years electricity bills during the year. Some of this is due to be refunded, as this was a breach of OFGEN guidance.
At 30 November 2025 total cash reserves stood at £64,474 (2024: £76,022),with £53,234 of these being general unrestricted funds (2024: £61,589) and £952 being designated youth funds (2024: Nil). In addition,the charity had debtors of £1,422 (2024: £2,926). They also had accrued expenses of £4,817,(2024: £4,875) with £3,887 of this being, Funds Held on Behalf of Shareholders from the closure of the Village Shop. If these funds are unclaimed after three years,they will be absorbed into the trust. The charity also held investments with a market value of £110,508 at year end (2024: £104,523).
Reserves Policy
The Trustees policy is to retain sufficient funds to ensure the long-term future viability of the Community assets, in particular the Village Hall. Based on the year under review, the annual operating costs were approximately £31,952 (2024: £22,000).
At 30 November 2025,unrestricted general reserves stood at £53,234 therefore the Trustees are satisfied that the current level of funds is sufficient. In additon to this,the charity held an investment portfolio at a market value of £110,508. The total funds available to the charity are therefore 163,742.
Signed on behalf of the charity's trustees:
~~…...~~ D3C80000-6B6A-DACB-EF9B-08DEB2612414............................... ~~.....~~ .... Date: 18/05/2026D3C80000-6B6A-DACB-EFA1-08DEB2612414 Isobel Madden
Page 5 of 12
Gartmore Community Trust SCIO Report and Accounts for the Year Ended 30 November 2025
Independent Examiner's Report
| Report to the trustees/members of | Gartmore Community Trust SCIO |
|---|---|
| Registered charity number | SC033887 |
| Accounts of the charity for the period | 1 December 2024 to 30 November 2025 |
| Set out on pages | 7- 12 |
Respective responsibilities of trustees and examiner:
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner's statement:
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and,consequently, I do not express an audit opinion on the accounts.
Independent Examiner's statement:
In the course of my examination, no matter has come to my attention:
-
Which gives me reasonable cause to believe that in any material respect the requirements to:
-
keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
-
prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
| ~~…....~~.................................~~.....~~.. Date: D3C80000-6B6A-DACB-EFD0-08DEB2612414 |
~~…....~~.................................~~.....~~.. Date: D3C80000-6B6A-DACB-EFD0-08DEB2612414 |
~~…....~~.................................~~.....~~.. Date: D3C80000-6B6A-DACB-EFD0-08DEB2612414 |
D3C80000-6B6A-DACB-EFD3-08DEB2612414 19/05/2026 |
D3C80000-6B6A-DACB-EFD3-08DEB2612414 19/05/2026 |
D3C80000-6B6A-DACB-EFD3-08DEB2612414 19/05/2026 |
|---|---|---|---|---|---|
| David Nicholls FCCA |
Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House, 24 Herbert Street, Glasgow, G20 6NB
Page 6 of 12
Gartmore Community Trust SCIO Report and Accounts for the Year Ended 30 November 2025
Receipts and Payments Account
| Receipts Notes Donations 3 Grants 4 Charitable Activities 5 Investment Income (interest) Funds Rec'd on Behalf of Community Shop Payments Charitable Activities Costs 6 Support Costs 7 Payments Related to Assets and Investments: Fixed Asset Purchases 8 Total Payments Net Receipts/-Payments Net Surplus/-Deficit for the period Funds Brought Forward Gain/(Loss) on Cash Investment Account Funds Carried Forward 12 |
Unrestricted Restricted Total Funds Funds Funds £ £ £ 1,503 - 1,503 - (725) (725) 24,738 - 24,738 2,884 - 2,884 - - - 29,125 (725) 28,400 35,427 3,420 38,847 1,829 - 1,829 37,256 3,420 40,676 - - - 37,256 3,420 40,676 (8,131) (4,145) (12,276) (8,131) (4,145) (12,276) 61,589 14,433 76,022 728 - 728 £54,186 £10,288 £64,474 |
2024 Total £ 4,206 74,327 24,754 2,892 3,945 |
|---|---|---|
| 110,124 | ||
| 21,303 1,691 |
||
| 22,994 | ||
| 60,244 | ||
| 83,238 | ||
| 26,886 | ||
| 26,886 49,136 - £76,022 |
The notes on pages 9 to 12 form an integral part of these accounts.
All income and expenditure has arisen from continuing activities.
Page 7 of 12
Gartmore Community Trust SCIO Report and Accounts for the Year Ended 30 November 2025
Statement of Balances
| Cash and Bank Balances Notes Opening Cash and Bank Balances Surplus/-Deficit for the period Gain/(Loss) on Investment Closing Cash and Bank Balances Fixed Assets 8 Land & Property Investments Current Assets Debtors 9 Current Liabilities Accrued Expenses 10 Signed on behalf of the trustees: |
Unrestricted Restricted Total Funds Funds Funds £ £ £ 61,589 14,433 76,022 (8,131) (4,145) (12,276) 728 - 728 54,186 10,288 64,474 1,285,695 - 1,285,695 110,508 - 110,508 1,396,203 - 1,396,203 1,422 - 1,422 930 3,887 4,817 |
2024 Total £ 49,136 26,886 - |
|---|---|---|
| 76,022 | ||
| 1,289,347 104,523 |
||
| 1,393,870 2,926 |
||
| 4,875 | ||
D3C80000-6B6A-DACB-EFC5-08DEB2612414
~~…...~~ .................................. ~~.....~~ ..
Paul Speirs
Date: 19/05/2026 D3C80000-6B6A-DACB-EFCA-08DEB2612414
Page 8 of 12
Gartmore Community Trust SCIO Report and Accounts for the Year Ended 30 November 2025
Notes to the Accounts
1. General Information
Gartmore Community Trust ("the charity") is a SCIO and governed by its constitution. It was registered as a charitable company in Scotland (registered number SC033887) on 19th November 2002, and converted to a SCIO on 10 July 2017. Its registered address is Gartmore Village Hall, Main Street, Gartmore, FK8 3RW.
2. Basis of Preparation
These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
| 3. Donations Donations 4. Grants Stirling Council - Community Pride Fund LLTNP - Place Plan The National Lottery Local Energy Scotland Youth Scotland - Feel Good Fund Arnold Clark Foundation Scottish Government - Forth Environment Stirling Council - Revenue Grant |
Unrestricted Restricted Total Funds Funds Funds £ £ £ 1,503 - 1,503 Unrestricted Restricted Total Funds Funds Funds £ £ £ - 500 500 - 500 500 - 150 150 - (2,375) (2,375) - - - - 500 500 - - - - - - - (725) (725) |
2024 Total £ 4,206 |
|---|---|---|
| 2024 Total £ 500 400 - - 70,927 - 1,000 1,500 |
||
| 74,327 |
The £2,375 refunded to The National Lottery relates to an initial Right to Buy grant of £9,175 for the purchase of Sow Park Woodland. £6,800 of this grant was spent on feasibility and valuation, however the purchase was not made and the remaining £2,375 was refunded to The National Lottery.
5. Income from Charitable Activities
| 5. Income from Charitable Activities Events Feed-in Tariff Income Hall Hire Sales Weddings |
Unrestricted Restricted Total Funds Funds Funds £ £ £ 1,360 - 1,360 389 - 389 15,256 - 15,256 1,233 - 1,233 6,500 - 6,500 24,738 - 24,738 |
2024 Total £ 382 665 16,457 150 7,100 |
|---|---|---|
| 24,754 |
Page 9 of 12
Gartmore Community Trust SCIO Report and Accounts for the Year Ended 30 November 2025
Notes to the Accounts
| 6. Charitable Activities Costs Cleaners Consumables Events Fixtures & Fittings Gifts and Donations Hall Hire Insurance Marketing Maintenance Other Expenditure Place Plan Play Park Playing Fields Professional fees Purchases Utilities 7. Support Costs Accounts Preparation & Independent Examination Investment Management Fees 8. Fixed Assets £ NBV at 30 November 2024 1,182,625 Accumulated Depreciation - NBV at 30 November 2025 1,182,625 Village Hall |
6. Charitable Activities Costs Cleaners Consumables Events Fixtures & Fittings Gifts and Donations Hall Hire Insurance Marketing Maintenance Other Expenditure Place Plan Play Park Playing Fields Professional fees Purchases Utilities 7. Support Costs Accounts Preparation & Independent Examination Investment Management Fees 8. Fixed Assets £ NBV at 30 November 2024 1,182,625 Accumulated Depreciation - NBV at 30 November 2025 1,182,625 Village Hall |
Unrestricted Restricted Total Funds Funds Funds £ £ £ 2,140 - 2,140 292 102 394 1,320 - 1,320 736 - 736 300 - 300 - - - 2,703 - 2,703 54 - 54 7,081 - 7,081 1,212 288 1,500 - - - - - - - - - 655 - 655 2,128 2,530 4,658 16,806 500 17,306 35,427 3,420 38,847 Unrestricted Restricted Total Funds Funds Funds £ £ £ 930 - 930 899 - 899 1,829 - 1,829 £ £ £ £ 30,000 6,000 43,549 27,173 - - 1,840 1,812 Play Park Recreational Field Solar Panels Air Source Heat Pumps |
2024 Total £ 2,300 3,610 - 725 450 513 2,663 604 4,530 888 268 300 176 3,581 158 537 |
|---|---|---|---|
| 21,303 | |||
| 2024 Total £ 840 851 |
|||
| 1,691 | |||
| £ 1,289,347 3,652 Total |
|||
| 1,182,625 | 30,000 6,000 41,709 25,361 |
1,285,695 |
The values provided above for the Village Hall, Play Park and Recreational Field are per the last valuation carried out in 2015/16. The trustees believe this is a fair reflection of their market value. There were no Fixed Asset disposals in the year.
Page 10 of 12
Report and Accounts for the Year Ended 30 November 2025
Gartmore Community Trust SCIO
Notes to the Accounts
8. Fixed Assets - continued
In addition the charity holds shares in Black Bull Gartmore Hub & Pub Limited, a local community benefit society (Company Number RS007821), at a cost of £5,000 which represents 5,000 shares in the organisation. There is no market value readily available for these shares.
Finally, the Trust has the following funds invested in a portfolio with Evelyn Partners Investment Management LLP:
| Investment Portfolio Historic Cost: 9. Debtors Accrued Income (Place Plan) Trade Debtors Feed-in Tariff Income |
Market Value 1 Dec 2024 Additions £ £ 104,523 - |
Disposals £ - |
Market Value Gain/(Loss) 30 Nov 2025 £ £ 5,985 110,508 2025 2024 £ £ - 150 969 2,776 453 - 1,422 2,926 |
Market Value Gain/(Loss) 30 Nov 2025 £ £ 5,985 110,508 2025 2024 £ £ - 150 969 2,776 453 - 1,422 2,926 |
|---|---|---|---|---|
| 2025 £ 107,332 |
2024 £ 97,900 |
2025 £ - 969 453 1,422 |
||
| 2,926 |
In addition to this, Gartmore Community Trust is due a refund from SSE Energy in relation to a breach of OFGEN guidance, for biling catch up payments more than 12 months since the consumption date. It's not yet clear how much this will be.
| 10. Accrued Expenses Independent Examination Fee Funds held on behalf of Village Shop |
2025 £ 930 3,887 4,817 |
2024 £ 930 3,945 |
|---|---|---|
| 4,875 |
Funds held on behalf of,the Gartmore Village Shop following its closure which shareholders have three years to claim. If this is not claimed, the funds will instead be absorbed into the trust.
11. Related Party Transactions
The trustees received no remuneration or expenses during the period. There were no related party transactions for the year ended 30 November 2025 nor for the year ended 30 November 2024.
Page 11 of 12
Gartmore Community Trust SCIO Report and Accounts for the Year Ended 30 November 2025
Notes to the Accounts
| 12. Funds Analysis Unrestricted General Funds Designated Youth Fund Restricted Place Plan Carpet Bowls ASHP 10th Anniversary Event Forth Environment Table Tennis Right to Buy Youth Scotland Feel Good Fund Hall Revenue Fund Community Pride Funds Held on Behalf of Grand Total |
Opening Closing Balance Balance 1 Dec 24 Receipts Payments Gain/(Loss) on Investment 30 Nov 25 61,589 27,625 (36,708) 728 53,234 - 1,500 (548) - 952 |
|---|---|
| 61,589 29,125 (37,256) 728 54,186 |
|
| (150) 150 - - - 526 - - - 526 3,523 - - - 3,523 352 - - - 352 1,500 - - - 1,500 230 - (230) - - 2,375 (2,375) - - - 2,132 500 (2,632) - - - 500 (500) - - - 500 - - 500 3,945 - (58) - 3,887 |
|
| 14,433 (725) (3,420) - 10,288 |
|
| 76,022 28,400 (40,676) 728 64,474 |
Purposes of Funds
General Funds - the unrestricted, free funds of the charity Youth Fund - funding to support youth groups Community Pride - funding to paint the village phone box Place Plan - funding for the development of a community vision to inform local initiatives Hall Revenue - funding for the halls general running costs ASHP - funding for hall refurbishment costs CARES - funding for sustainable improvements to the hall such as solar panels 10th Anniversary Event - funding for a Gazebo to be erected in the play park. Forth Environment - funding for a Geothermal project
The following funds represent grants received to support specific community groups from the village hall: Carpet Bowls Table Tennis Right to Buy
Page 12 of 12