Clwlty r•gl•htlon numbgr SC040296 IS¢oUand) ARDRISHAIG COMMUNITY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
ARDRISHAIG COMMUNrrY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Div•ctor Mr Dunlxn Broadfwl Mr E¢hfard Laughton Mrs LiTrJa Quek Mrs Lynn Gy LoThaine Campb81 Mr John Gu (Appointed 24 Novothr 2025) So¢rnlary Charlty numb•r Iseodandl Company numb•r Prfnclpal addrn Arfrishaig CoMmty Trust 61 Chakners Street rishaig PA30 8DX R•glBtsr•d olhc• The Okl Suryery Schrd Road PA29 6UL Ind•pond•ntex4mln•r lain D C Kèbster The Old Surgèry Schwl RoJ Tathrt PA29 OUL k•rn
ARDRISHAIG COMMUNITY TRUST CONTENTS g• rectors. report Independent examirberfs rqKXt Statement of finaMial •8 SLemenl offinanoal tlI)n Notes lo financial 5Lements 7-21
ARDRISHAIG COMMUNITY TRUST DIRECTORS. REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 OCTOBER 2025 The diiectOf8 present Ihoir rewt tmsl awints for Ihe year ended 31 Ortober 2025. The a(xount$ h¥¥e been prepared In accordance wilh the accounting poliw set oul in note 110 th& accounts and compty wilh Memorandum and Artides of AsS0(aati (as amended). thè Chariknes aThJ Tru$le8 Investment (Scollandl Act 2005, the Charities Ao)Junts {So)tland} Regulab"on$ 2C#)6 (as amended) and 'A¢cn11n9 and ReptIng by ChaFities.' Statement of Rec4)mmended Practice appk2bk to dritIeS prèparing their accounts aOrdanCe with the Finanoal Repoitry StarLdard in the UK and Republtc of Ireland IFRS 102) (effective 1 January 2019)". obj•¢tiv and athlti The TN51'5 0bjectNg9 ar•:. To advance the development and Tegengralh)n of Artrishaig for the benefft ol tho commutyty and the public in general following general princiF4es of $u$tnabltr development. To Lvnmunty ld ¢¥)mmunity assets for the benefft of tr f>)mmunty KI the public in goner foknng the prlndpl•s of suslnable devel To provide or a55iSt in wowding recrealional fackn andlor oryarwsing remtional activitw which will be avalable lo members of the public al larg¢ wth tho OW of irnpro¥g the condn$ of lrfe of th? rA)fflmunity foln9 the princAples of 8uslainat49 developmenL To advance the •¢lu¢ation ofthe ¢J)mnwnity atrfmrt its 8n¥Yonmonl. Ind history. To advance eNrOnfflen wotsdion or we8eNalion and o)nsep4ation of the natural enrOnMent. the promolKJn of sustsinable devdopmenl. the maintenan¢8. #nproverTnl or prowsion of gnmronmental amanitiès for the ¢>)mmsJnrty andlor ihe pres8r¥ation of or sstes of archilectural, histr or 0th8r importance lo the ¢crtmunity. Public bon8fit The directorn have paid due regard to guidanc4 issued by the of thè Scottish Ch¥rty Regulator {OSCRI in derAding what actbvities charity shd wderta¢. Grant maltingpdi¢y One of the Trusys adivbbes is tr m8krng of wants that benefft the people and communtty of Ardrishaig. and thè wider public. These grants we concentrated primarity With Ardrishaig c£¥nmunity area is defined by the PA30 poslcode$ plus PA318NH and PA318NY. Gr mad¢ tyjtside thk are made on baGiS of dear benefit lo the Ardllshg community. lknts are mad8 in a¢ctydance wilh the Trusf$ MemoT•ndwn & tid•S ofAsscoèknon KI ar8 made to mg•1 th9 Trusts rt)ib¥Q$. Applications for grants wdl not be from Pc4itical organisations.. National organisations. there is a kncal branch: R8l*Jious organis8tths', Companies vA)o #im to distrilxrte a wofft.
ARDRISHAIG COMMUNITY TRUST DIRECTORS. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 A¢hl•¥•m•nl• •nd p•rfonn•n¢• Signftant acbvki8s and aC1¥0S against otwbvgs ArdAsh¥ig Renewable Energies Ltd. (ARE) is a vtholly substiliary of thg Trust. 11 is the Twsfs trading business whith is a member of Aui Dearg Wnd FanneTS LLP {ADV4F). ARE gifted lo ts Tru81 £455,443 in the year to October 2025. There were grants made lo h)cal ¢ause8 £30,599 in the year and these indLwJe: £10.000 lo the communrty pool . £1.500 to Ihe soccer cenlre £1.500 to Red Star £12,099 lo the Communty garden. 7 micro grants of £500 Thè qu4rtwty grants for the Strengthening Communilies Program to eAnpby the Dweb)pment oifw IDOI. resident in the Public Hall (POI office, ceased 31 D8cembw 2024. Howr. th8 Tntst &Inued lo fund th8 00 using its i)wn funds with main tieS to indude devaknping the businéss and market the vse of the Trust assets and creats program of activit$. The DO wesence li the PH office has wovJed a SIlficant and Ltseftd ntact btheen the Trust artd ¢ommunty. This has re$ed in a signfficant inuease in usage of the assets by thtr L¥Jmmunty and comrnunty groups which in lum has improved the revenue frun the rent of the faolities. Examples of usage indude quiz npjhts, pottery making, wlirfnirne. tothr pre-sc11. MuCal eMYnv¥Js, Ilower show, model show. weddings, reCep.On5 and funeral services. The cost of running thè halb slill exceods the income receNed in the year which was Cored by money received frrrfn A01. Th& Arth$haig ¢ommunty wll benefit fAptal expendilure in the halls this yè¥. as th• Trust continued lo improve and enhan¢e the laulities., in parlicular, the kitthen ilh a commeraal coc&er. dlshwasher and fridge. The kitchen has rw)w the addition of a panty. This is market¢d a$ a community kitchen ffil for use by weddings, (>JryJorate and rmMUnty organtsations. wY4ate parties. L))ffet momirys. The ladies lolel faclity has been significanlty fefurbished. A separnte sw fft the PH indud&s a "green r(h)m" for use by perforners lo prepare before porfomlw). Capital F)rciects lor the year, which covered ha15 renovatiijns gathing works anxyxrted to É136.002. Running costs for the Iwo hdls. induding payToI. amountad to £73.4. Fln•n¢l¥l r•vlow sgNgspoIicy 11 is the policy of th8 tmst that unr9str1( fvNJs whith ho 1 been de$wJnated a speafic u¥e 8hould be maintsined al a 1oV81 equN4fjnl lo b¢trHeen the and six months anti(xpal8d expenditure abo str8le9iC reserve. The dife¢tors cM$thr that SerS at this kvel wi# ensure that, in the eVt of a signifi¢ant drcs) In funding. Ihèy will b& able to conlinue the Trusys rrent actMts8s while consderatson gfven lo ways in vthith additional funds may be rsed. In ord8r not to momise the Trf$ cwitsble $tatU5 the accounts need to show Ihat the a5$ets are jffi8rt lo enoblg the Trusl to repay Ils bomings. M8iortsk$ The dirfjctors have assess•d th• maTrx risks to whKh is eypjsed and have Klentified specific rlsk&' . The TNst 08 haw of Ihe vay into the All Dear9 Il¥fjThJ Fann ifKome has mainty been used to develop the two vilage hals akyw wilh supwliNJ b¢al events and tha1e5. 11 15 rocognised that Ihe Trusfs irbvestrnent strategy 1$ to ¢hango in tyder lo provbJe fulure supprAI for the Tn¢S aSSS and to ave alogacy in $4ywting 9wd ¢aLtses. Thtr Trust V+ill ntrw be investwig rawtal to slrgn9then its financtal posrfion and woted rts ab*ty lo contribute to any pLans for the lage. The halls conts.nue lo cost more to wn than incThne throw hwe acaiiilies. Although it L8 recognised that some of the hals bookings wdl for dwilth pwposes. more nooded to balance incom8 and expenditure in the frJtur•. . The Tmsl recognised thal its pdi(y8s ond wocadures shtyJld bè updated, and these wll be miseil and dev8lop8d ov•r the coming y•ar.
ARDRISHAIG COMMUNITY TRUST DIRECTORS. REPORT (INCLUDING DIRECTORS. REPORTI {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Plans lor future perfod• Future plans indude CSla.ng, Lthing and dèvelop9 the TFusf$ prewt otyecb¥e& li is antiopaled th the Income ¢Jert¥ed frrffi the fyAm bè h) ex¢ess d £1Q).000 ptr annum to vjrrert arran9em¢nt 4¥hKh in 2032. The Trust th¥rts the Robbws in Ardriwg. The ¢wdin of the ThDod5, paths and d9•S VAII b? asgessed. and a ffoinnanr thy Iht comiryj yews be st"Shed as e$s¥ry . The Trusi 41 b8 laurthng a flymal snt wvc¢s$ $0 that tsganlsabons have an improved TrJ aTh$panI Wotxss to fulltrw appsyw lo Ihe Twsl finatityal . An In¥e$tynent strategy doveloped to en6w• TNst knds w• inv&tt•d 10 51renfv Its fiTran¢i81 rosrtion given A0 fu9 is planned to end by 20J2 . to dwelop o rThye baancd and eXpthture tht bal$ to ensure 11$ long terni su$l¥nabrfty StructUTtr. qovernan and managorne The thanty 5$ conslad 8$ Tr)owated not hawng Sha opitsf. governed by its dlemorandum and kn'des ol A850L>0 11 Is re¢c#3ni5ed as a for tt F4brpose5 of 8505 ICTA 1988 ond is effttad unllerrhapier 2 pwagraph 13 of The Chwiliè5 and Tntstse Invesbmenl (scolalI Act 2005 tts describe itsdf as a Scotlith The ol trust tfftefe4t to selve as thrextcKs dur the year wwe MrArtlwr 8wday IRe%gned 23 Atsgust 20251 Mr thJnr4n Broadfoot Mr Edward LaugbtQ7 r H•ni$h Niojl Mr5 Linda Quel¢h Mrs Lynn Gne ¥rs Lorraine CamFi>el MrJthn Gu IRewd 16 No¥ 20241 14wit8d 24 N¢¥w)ts 202S} Recrurfmenl and¥pcvrtmN¥ oftws160S 'fect8 are ele¢ted by the mernbershy of th• trLAt None ol the dirpctcrf$ have ben•fit>¥l of the direLtcrt •re of the oynp8ny and gu8rtee 10 Cl11bLe £1 Ni Ihe everf of a WTthIg iw. Meml)ershw r& op¢Tr to the Ardftshai9 Cornnjty IhTw9h • kYoc855 of 8pplicatirffl. Member5 have deTTK>tlC )ntr¢S of the trt with all methts hamg t? equal vcrte Those serwng as 81eded thcials *re accountable to the membershp. Mr C)urxart BFoa(I Olr•¢tLY Mr E&wd Laughlon Dlrector
ARDRISHAIG COMMUNITY TRUST INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF ARDRISHAIG COMMUNITY TRUST I report on the financAd statements of d)arity for year ended 31 CKlober 2025. whith are set out on pages 5 to 21. Ro•pocllve rupon•lbllltle¥ of dlrnctorn and examl The chadty trustees (who are also the direthrs of ArdrishaHJ Communty Trust for th& purposes of company lawl are responsible for tha Pfeparation of thg finanryal statements in ac¢ord8ncÈ wth the ternis of the Chanlies and Trust88 Investment {Scodand} Act 2005 and the Chants'es Accounts ISo)ttandl Regulatic$ 20[.The charity directors consider Ihat tho audit requirement of Regulat 10(1)laHcl of the Charits$Amints Iso))tlandl Regulations 20 does not apply. It is my responsib51ty to oxamlro tho nara91 stslements #B wuired und8r 80th.on 44111{c} of thè Charities and Trustee Inveslmnt (So)Ilandl Afa 2CK15 and lo stale whether particular mattws havo tsjmè to my attgntion. Ba•ls of Ind•p•nd•nl •x•mln•rf• •tat•mont My examinali<)n was carrigd out in aOrdanc£ wrth Re98th)n 11 of the Chanti98 Acuftts (SCand1 Rggulalion8 2008. An gxamlnallon indudgs a review of thè acc<)untsng rer(l8 kept by the charity and a comparlson of U)& accounis Pfesenled with those rectjrds. It Iso indudes conwderntion of any unusual rtems or disdosures in th6 accounts, and seeks explanations Irom th& th'recxors 0)no1ng any wch matter8. The procedur98 undert8ken do not prowdè all the gw¢en¢e that woukl be required in an a1. and Cn¥¢quentty I do not expres$ an audit opinion on the view v&n by ac4ounts. IndoPond•nt •xamlMf• tst•m•nt In tho r8e of my examin8tr"on. no matttr h88 Lxmng to my att•nllon 1. vthlch 983 mts re88onable Cause lo believe Ihat in ony material respec the requirements.. lo keep accounting records in ao)xdanco with Sethon 4411){a) of the Chanties 8nd Tnjstee Inve$tmenl ISc4Jllandl ALX 2CK)5 and Rggulatjon 4 of the Chanb85 Account81&>)Ilandl Rogulalions 20C6, and to prapare financial stalemenl$ wht¢h alxord with the accountin9 reoNd$ and comply with Rfjgulation 8 of the Charttitrs Ae£ounts (Scollandl Regulali¢)ns 2CK have not t4•n mel. or 2. to which. in my opinion, attention shoukl be dThm In Ndor to enablg o prop8r ur¢derntandlrvd of the Ilrsandal stalgmonls lo be roAch. LILLW c.A laln D C Wgb•t•r CA The Old Surgery School Road Tarbert Argyll PA29 8UL Dale.. ...aq...4.
ARDRISHAIG COMMUNITY TRUST STATEMENT OF FINANCIALACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 ocfoBER 2025 Total funds nd• 2024 2026 2025 2024 2024 In¢omo frw: Donat#)ns andlogac Charitable aclriib85 438.625 18.553 1,500 31.150 440,125 49,703 29,382 Total Incom• 478.162 6.7fLI 484.862 4S7.178 32,650 489,828 Exp•nd1W• on: Charitable acti85 166.683 10276 176.959 78.471 31.272 109.743 Totsl exndIr0 186.683 10276 176.959 78.471 31.272 109.743 Net 9(10¥$t8) on investments 11 225.785 225,785 13.392 13.392 N•t IncOml0Xp•nd[rn) $37264 13,S76) 533.688 392.099 1,378 393.477 Transfer8 belween funds 12 2.156 12.156) (851 N•t mov•m•nt in fimd• 539.420 {5.732) 533.688 392,014 393.477 R•conclllatlon of funds: Fund balances at 1 NOnb 2ff24 1.9)7,171 13,617 1,920.788 1.515.157 12.1S4 1,527,311 Fund b•lanc•• at 31 Octobw 2025 2.446.$91 7.885 2,454.476 1.17.171 13,617 1,920.788 The statgment of financial a¢ll¥ib all gaff and10888s recognil in the year. Al kno)me and expenditure
ARDRISHAIG COMMUNITY TRUST STATEMENT OF FINANCIAL POSITION ASAT31 OCTOBER 2025 2025 2024 Flx•d •ss•ts Property. plant and ewpmenl 13 14 1.450,765 387.590 1.362,357 161,805 1.838.3S5 1,524.162 Current assets Trad8 and other receNables Cash at bonk and in haThJ 15 169,423 471,927 218,349 285.388 641.350 (25,2291 483.737 139,3611 Curr•nt li•bllltl•g 16 N•t cwrnnt asvts 616.121 444.376 Total assots eurr•nt Ilabllllle¥ 2.454.478 1.968.538 Non4wrent11obSlld•8 17 147.7501 N•t •ss•ts 2.454.476 1.920,788 Tho lunds of th• chartty Reslric18d incomo lunds UnreslrKted furK15 18 19 7.885 2.446.591 13.617 1.9)7.171 2.454.476 1.920,788 npany •nti118d to thg empt fmm the 8Jrt requirwn8nt wntaine¢l in secbon 477 ot the CompanwA 2006. for the year ended 31 Octcthr 225. Thè dir•th)rs acknow thslr resPibilIt ftbr cP1j with tho tsqiuroftnts of Ihe Corryanle5 Act 2C4J6 Ih respect lo counbng rwds and the prnparaliw of fmanrial statements The members have n¢t roquired Ihe coNpgny lo (rt•"n audTt of its finxneial 5tatamonls lor the year in qu¢slw in accordance wrth sÈelh)n 476. Thesa financial ststern•nts Iw¥ b•en wep8w8d in 8ccoae wilh the Fovisions aprAicabl8 to companies subject to the small o)mpan9 regime. //&) Th8 finandal stxtèmts ware arwvo11 by the dir•kn on .... .. . ...... . ... Mr Ethjard L•Jghton Olrector Ccrfnpany registran SC344641 IScoUarJl
ARDRISHAIG COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 A¢¢ounlng poli¢i•• Charfty Inforniallon Ardrishaig Community Trust is a prYate Imited ty guarantee In ScoUd. The Tegislered offKe is Oks Swgery. S¢hod Road. T¥b8rt. Ar9yO, PA29 6UL 1.1 A¢¢ounlng Mn¥•ntlon Tho financial Stalemenls have been wepared in acx>)rdance with Trust'$ Memorandum and Arlides of Assotyation, the Chaiilie5 and Trustee In¥pstmenl (scoda Ad 2CQ5, the Chaiilies Acuunts (Scotland) Regulalions 20C6 las amended) "Ao)yJntmg and Rewling by Chanb"es.' Ststement of Recommended Practice appIltle lo tharilies wepaTiThJ th1 accounts in acLx)rdance wrth the FinanrAal Rewting Slandard applicable in the UK and ReputAic of Ireland {FRS 102) leffethe 1 January 20191-. The charity 1$ a Public Benefft Enlity as defined by FRS 102. The th8rty has tsken ad¥4ntsge ofthe probrys in the SORP tr tharitw appl.3 FRS 102 Updat8 Bulgtin 1 Tr)1 lo prnpare a Slalemeni of Cash Fhxs. The fmancial slatements are wgpared in stwffing. vkniL is the furmawjnal currency of th& Charity. Monetary amounts in Ihgsè anCIal Statemts are foundgj lo the neare51 £. The finanua ststements have been prep¥ed under cost %ntiOn. The Prinopal a¢countl)g policies adopled ar8 set b810w. 1.2 Golng conc•rn At th8 tim• of approwng tho fThn¢ia stslemenls. the dIrorS ha¥t a reasonabl8 expe¢talion that the Trust has adequate osources lo contM)ue in OPtiTational existence for the fweeable fulure. Ihe directors ¢onlinue lo adopt the going nCOM basis of accounting in preparing th¢ finanaal statements. 1.3 Chlrltablo fund• Unrestricted funds are avalable fix ugè at the diWe1K of ts diw¢cn in fvrtherance of Iheir chwitabl& obi8ctive¥. Reslri¢ted ld8 are subFd to speak coTrJilh)ns by donoTS or 9rantors as to how they may be used. Th• purposes and u5e8 of the restri(aed frd$ aro sel oul li tho nolos lo the finan(¥al statements. Endowment fvn¢ts #re suect to speofic widitws by donNs th•t the caprtal must b8 maintained by th& charity. 1.4 kncom• Income is recogThsed when the tharty is18gaty till$d lo it aftw performance c(ThJitions havg hen met. the amounts can be mgasured reliaw. and It that income be receid. Cash thnalions are r8cwisad on re¢eipL Other ¥e reuJgnis•d once th• ¢h¥ity has been notified of the dOnaOn, 18$$ perfornwr coThJrtiU)S reqre deferral of Ihe amounl. Income tsx recoverabltr relation to donalKJns ie¢eNed undeT GrfIAid or deeds of c(Nenanl 1$ recognised at the lime ofthe donation. Legacles are recogmised on leipt or otheThVI rf the charity has been rnlified of an impen(ng distribution, the amount known. and T8pt is expected. If the anmyurt 1$ not knMI, the legacy is treated as contingent asset. lthere it 15 F4)51>19 to wjontify payment for rgcwffjd in advaK•. suc ptynenls are rec4¥nised as deferred iTh)Jme. Income received I( the hwe of the North Hall and Pubk Hall ts reojgnised at th& the swce beojmes fmal. usually upon rerAipt ofpaYml frcm thirnl pkn.
ARDRISHAIG COMMUNrrY TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Accountlng polkl (Conllnu•d) 1.5 EXndknr• All expendrfw• is induded on an acc$ ba8L8 ond is recognud there 18 a 18gal or ¢on$truthe obligation to pay for expendilure. All costs hav8 been attn"trMJted to on• of the Chanty Actiw¢i•s as expend8d on Ihtr SOFA. Sw)ort and govemarta ¢osts have b08n alo¢aW to ¢h¥ilabb8 adivilies on a basis for which the directors believe i8 representati¥8 of ea( a(aibryls raIatr share of ¢>)sts. 1.6 Property• pknnl •nd •qulpm•nl Property. plant and equiF¥nenl a initially measwed at cost and subsoquenlty ffleasured at ¢ost or valuatKn. net ol depwiat)n and wy impairmonl ksses. Deprecialbn is recogrised so as to wiite off tho ¢>)sl ry Ydlualitin of assel$18ss th8ir re5KJual valu•$ over their useful VeS on the folowng bases.. Land and buddings Planl and machinery Sdar panels IT and office equiwmll 3.5% slraitht 25% straight Thè gain or loss arisng on Ihe disFosal of an asset is delemiir& as the dIffenc¢ bèfvmen the sth procaèds and the Carrying vakn oftho assel. and Is reco9nised in the statenwit of financ 8GlJ"wtses. The cost of Landl£6.0}. the North chu Hal1£88,603) Offic¢ space (£25.7801 aro hokl at purthase costs which the direclors beknie represents the l•'r value of the assets as at the balance she&1 dale. The fair value of the Hal and asscKxaW eqUipmrt has been asse$s8d by the directors lo be al its Carrying value (acquisition o)st p$ red8v8kry>menl costs) as at the balano sheet de. 1.7 Non4urvent Invq•b Fixed asset instmentS are inalY measured al tranSaCt)n pri exduding transxtion costs. and are sub$equenUy measured at fair value at each repYb'ng dat8. chae$ in ts"r vak are recognised in net incomel{expendilure) fcrf the year. TranWAI o)sts are expen as mr1[ed. A subsvjiary is an entity c¢018d by the thaiity. Control is the ptrwer to the financial and operallng policies of th• 8ntity so as lo obtain beneffts from its aL#pl1$. 1A lry•lmi•nt of non4urnnt At ea¢h reporb'ng erKI dale. tho city r¢¥iws Ihe aftv)unts of 115 tsngibb a$38ts to detemiine whether there 1$ any irHlication that those assèts have suffeod an impnt loss. If suth indication exists. the re¢ov•rable omount of the asset is estimated in order lo delefmine the extent of the impaimRnl loss Of any). 1.9 Ca•h and ah wulval•nts Cash and ¢ash 8qUNalents indud8 cash in hand, deposits held al Cam banks, other short-temi liquid investmenls with Origin malwits of three months or18ss. and bank overdrafts. Bank overdrafts are shown wlthin i) ¢urrgnt IIabth.
ARDRISHAIG COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 A¢¢ounllni poll¢l•• IContlnu•dl 1.10 Flnancll Instrum•nts The charity has elected to the provi58 of Sgaion 11 'Ba Finanfial Instrfftnts, of FRS 102 to al of ils finaniyal instiumonls. Financaal in$lwmenls arg recognwd in the iathrf8 balance when the ch• tcomes pwty to the ¢ontrathal proviwn$ ofthe instwmenL Financ4al assals and liabfrfies are offset. with the nel amounts presented in the financial stalemenls. when there is a legaly enforceable light to sel off the r•r4)gnised amounts and thwe 1$ an intention to setlle on a ngt B•$k trYn•n¢W•Mets Ba$1¢ finanoal as$•ts. whi¢h indude trade and other rec and cash and bank balances, ¥re initi'ally measured al transadity) wc inchjding transa( sts and are sUbSeqn11Y carried 81 amtytised cost usin9 the effective interest methcJ unless Ihe arrangement cons11io9 a finaan9 transaction, where the transaction is measured al the pr•sgnt value of Ihè future receipts th"scowiled at a mwket rate of interost. Finanaal assets da$sified as re¢eWb within cme year ore not amortised. Basic ffinancial liaLy"1"eS, widudirwJ trade and other payablfrs and bank loan$ are inrfialFy locognised al Ir8nsaction price unle88 the arrangement rnnslibjtes a financang transadion. whèr• the dèbt instrument is measured al the present value ol the future payments discounted at a mthel rate of interest. Financial liabilit8 dassified as payablewrthin one year are not armrtised. tlobt instruments are subsequonty Carri at cosL uwng the effe(X inleresl Talo nlhOd. Tfade payables are 01198110nS lo pty for goods or seThxes that have been acquired in the ordknary course of opwalion5 from SUPF4iers. Amounts payable are daSSffjd as wrrent ale$ il payrnent is due wilhin one year or less. If not. they are presented as no1cTrent kbilities. Tr•Je payables are recognised initialty al Iransacb'on prK8 * wbsequonty moasured at wMb"8ed $t usirwj Ihe effethe int8rgst rWhod. Finaneial liabibis are wtrn the dwitys ¢xtr•thal obligat$ expirn or ar• dLdryed or cancelled. Crltk•l accounllng •¥lkn•l•¥ •Dd Judg•111) In the applicalion of the rtharivs accounting polLyes. the ¢th'r8dors are required to make judgements. eslimates and assumptions alrt the carrying of assots and halymies that aft not readity apparent from other sourc8s. Thè gstimale$ and asswatsd aS$LmPtS ¢ based on historical experigncg and olher factors Ihat are Con01•d lo be 1¥3nL Actual resLth may diller from th8se estimates. The e$timales and undwfywig assumpt5 are leeWed on an ongoing basis. Rwskns lo accountlng eslimates are COgnised in the peiic*J in wthith the eslimate is robised the fftmsion affects onty thal peThid, or in th• peiiod ol th8 rnvis and fulure pernds where the r¢4tslon affects b)th Thent and future peTh)ds.
ARDRISHAIG COMMUNrrY TRUST NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUED) FOR THE YEAR ENDED 31 OCTOBER 2025 kn¢om• from donaliom •nd l•y¢i fvnd• 2024 fund 2024 2025 2025 2025 2024 Donab'ons and gfts Donated goods and servKes 455.443 438.625 440,125 37 37 455.480 438.K25 440,125 Donalitins of £455,44312024: £438,625) recep1 from AlIsh9 Renwatle Energh78 Ltd, a c¢Jmpany that is wholty owned by ATdrishatg Cofflfflunty Tnrt This dlIOn ind195 donations made under Gift Aid wher• applicabl8. Other donalions for the preNiou$ yew (Ixwsted of a restrvAed donation rec•r4ed frtyn Z Campbdl for sound eqprnent for the public hal. Incom• frnm charllabl• actl¥ltl•• Total Unmtrlcted Regtrktèd lund$ fundB 2024 2024 fund 2025 2025 2025 North and Publlc Hah Charitable rental incornè 18.491 18,491 Communlty Growth P•rfomiance related grnnts 16,150 16,150 Soup Group Performance related grants chstMa Llghts Performance ielaled grnt¥ 10,C Robborn Don 22.682 18,553 31.150 49.703 10-
8%8 Oro io 111-
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ARDRISHAIG COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 ACThn lund ACTlon fvnd 2025 2024 Grants lo institulions". Ardrishaig Fl(wer Show Loch Fyn• Pipe Band MAAS For9&1 Me Not Choir Argyl Taking N8WSPaP8rs Ardrishaig Cofflmunity COU¥1 Argyl vonteerS Mid Argyll Community P(w)I Lochgilphead Soccer Centre Ardrishaig CoMmty Gorden Redstar Za¢ Campbel 10,rA lo.1) 12.099 5.000 16.0(MJ Commitments At tha 8alanc8 Sheet dat•, th• Charity had Iota ¢ommiiments of £11,5 rw8santing grants approNYd but nol yel powj to two ganisationS aTrJ iThdualS. 14-
ARDRISHAIG COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Support costs alocat•d to xtrlll•• 2025 2024 Dèpreciatwjn Telephone Heal aYwJ Iigm Insurance Subscriptions Poslae and staIary Donab'ons Mi$cellanlous ¢>Jsts Rates Goveman¢ CA)Sts 6.693 5,602 2.527 414 425 704 449 $24 154 37 132 2.676 16,574 10.350 Analy¥•d b•tT•n: North and Public Hdls Chrislmas LTghts Soup Gfthlp Community Grtywth G olher ovonts 4,351 4.074 4.074 2,310 2.010 2.010 2,010 2,010 4.075 16,574 10,350 2025 2024 GovemanG• CO•t• Giimprfw: Ac(untsncy 2.828 2,676 2.676 Gr)vernan(8 costs Inthdes payments 01£1.1120 £1.050) for ITrJepI Examinaliw s•Nces. Net movement kn fund• 2025 2024 Th• Mt mo¥em•nl kn fund813 sLited after thargiWlu8thir4J): Fees payable fLf the ndependont examina11 of (aiity¥ fnancaal 5tat8m8nts Depreaation ofownad irywty. eq4riPN 1.1rxi 7.610 1,050 8.144 Dlr•¢torn None of the dKectcrt lor any P8Tsons CrAYed Tmth them) lad wry remunwatK*n duiirwj tho year. hortèver one was rMbu[sed a tolal of £3.14712024'. 1 director totalkng £3.987) for expen. 15-
ARDRISHAIG COMMUNrrY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 10 Employw• The avwage montlty nurthr of ernpw. incknlry diredm. d1 the yewwas.. 2026 Nwnb•r 2024 Nwnbov Trustees Development off Car&lakgr Total Employnwnt¢o•ts 2026 2024 Wages and salaiie8 36,n6 28.039 11 Galn$ •nd108•M In¥•¥1M Unre•trict•d Unr•slrf¢tsd fund¥ nd• 2026 2024 Goin($$¢$) ari%vJ on". Revduation ol wNwtsnents 225.785 13.392 12 Tr4n¥hrs Transfers tolalling £1,660 were fflad8 frrxn restri¥Xed funts to unre5tricied funds rgpresenling assets purchased grant funding from thè S'sh Govemment whith have been transf&rred lo unrestrided funds u[ completion ofthis proig¢1. Likewise a transfer of £2,YJ8 was rnad8 frcrfn r8strided lurthys to unre8tried lund5 Vith rosped to Costs for the Soup Group that wefe mel ffom general Trust funds. Inch¥Jed in this transfer wa$ assets ac4uired via grant funding re¥• from The Scoltish Go¥emmenl YthKh has czme to a naiural end. A balance of £1.902 was translwred from unlestrha lo restsid funds in Igm ol )Sts incurred fN Ihe Christmas Lights which met fmm general funds. The nel resuli 15 a net £2.158 transfvrreil from restri(#•J lo uNe8tsM#ed funds for the year (2024.. £85 frorn restricted lo unrestfKed). 16-
ARDRISHAIG COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 13 Propgrty. plant•nd •qulyn•nl L•nd and 801¥ IT and ollk•
w¢h*
Al 1 Novwnbw 2024 Addilws 1.289.033 92.771 42.130 2.659 51.476 2,767 1.385. 96,018 At 31 Octd>er 2025 1.381.804 44.789 51.476 1,481,424 l>•pr•clatlon and knp•knnt Al 1 November 2024 DweciatKbn charged in th8 year 19,535 S.C61 1.712 757 23.049 7.610 At 31 October 225 24.588 2,469 30.659 Canylng amounl At 31 October 2025 1.381.804 20.203 47.872 1,450,765 Al 31 Odober 2024 1.289.033 22.595 49.674 1,362,357 14 Flx•d assel In¥o•lm•nl• Othor inv•slm•nts Ct or valuatlon Al 1 November 2024 161.805 225.785 Al 31 Oclober 2025 387,55Y) Carrylng At 31 October 2025 387.590 At 31 October 2024 161.805 2025 2024 Inveslrnents in subsK*ary 387.5 161,80S 17-
ARDRISHAIG COMMUNrrY TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR ThIE YEAR ENDED 31 OCTOBER 2025 16 kndè and oth•r mbI1 2025 2024 Amounts falllng du• wlthln on• y•ar. Trade recewables Amount$ owgd by subsidiary undertaknws Prepayfflgnts and accrued inw 204 156,584 12.635 1,335 213.810 3.204 169,423 218,349 16 Curr•nt lblIN4 2026 1024 342 21,632 Trade payables Amoun15 owed lo subsKliary undortakvigs Other payables A1u¥l5 and defeNed Ino)me 19.770 16,774 141 2.676 435 2,820 25,229 39,361 17 Monurr•nt Ilabllltl•• 1024 Amounts OW to $ubsKliary undertakings 47.750 18 R••tri¢l fund• The restricted funds of the Charty cory)rise the unexpended baL3nces crf dallonS and grnnts hekl on trust st*Ji8¢t lo speok ¢onditiMs by donor5 a5 to how they fflay be used. At1 Incomlnu Re¥(¥uvc Nov•nkn Tr•ourc•• •xp•nd•d 2024 Tr•n¥l•rn At 31 Octobor 2025 Argyll & Bule Counol Scoitish Govemment- Strengthenin9 Communit Publi¢ donations- Chr6lma$ 1540 12.218) 12.398) 426 42fXI {4,2 {1.880) Nalional Lollery Z Campbell (Dalon) 7.211 1,21XI {3,620) (240) 1,SK12 5.493 13.617 6.7CK) (10,276) {2,158) 7.885 -18-
ARDRISHAIG COMMUNrrY TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 OCT08ER 2025 18 R••lrf¢t•d fund• Iconkngdl Pr•vlou$ Yr. Incomlng RaUT¢ Mov•mIr rnsouw• •xp•nded TrnMf•rs At 31 Oetob•r 2024 2023 SDJttish Go¥8mmerrt- Strgngth&ning ComMune5 Landcatch Fi5hfami publ donalwJn$- Cl¥istrnas Lighls National Lottery Scottish Government Z Campbell (Donation) 18.150 (28,497) 1.661 125 1125) 10,tYJ) {2.790) {1.685) (3LY)I 7,210 2,540 1,200 1775) 12.154 {31.2721 13,817 The £1,200 th)tiln r•c¢iv•d from Z Camptdl was to Tn¢ to pur¢ha8e Snd equiprnent fcf the Publi¢ Hall whith is bewig dewerialed eath s. The £1,661 gfant funding (brought arrfl £4.2Th) reCed frIMn the SCotSh lknmmant was fundiig towards maintsinirig the seNices of a dèveh)pmenl officer and to meet office set-up cost$ for Ihls proiecL As this project has now caased, the N8V of the equipment ha5 teen transferred to 9ewa fuN18. The brWI foThvaTd balan of £1.1 aThl £7.211 r1Ved tr the Chrmtinas LwJh15 repres8nting varK)us donats.s llected from the put arml granls the NatKI1 Lottw lo meet ory)ing costs of the Christmas ghts as they arise A brougm forward balance of £2.540 from The Scthish Govemm8nl represents funthng rèceived as part of thè Communty Mental Health & Welbeing Fund whith was used to $upport a MMunity Soup Group held ilhin Ihe Pubk Hal. Funding frcrfn tS SOUTce aSed this year wilh respective assets transferred bae& to unrestricted resenrns. This project continu¢d Ihis year with separate gfanl funding tecerrfed from Aryyll 8 8ule Third Sector Interface grants. 19 Unmtrkted ldI The unroslflthd fim(ts of Ihe charity c¢rwse the unéypthl baknrrn ofthnaS and grants are not Su.8cl lo spe¢ifi¢ coThJrtws by ¢knnNs and grant0 as to h¢M they may be used. At 1 In¢onlw R••ouKM Trnfft•f•rn Galm and At 31 Octob•r lo•• 2025 2024 Goneral funds 1.907,171 478.162 (166.6831 2.1 225,785 2,440.591 Pr•vlou8 y••r. At 1 RO•ou Trnn•f•rn G•lns •nd At 31 O¢tob•r Io•M• 2024 2023 Genernl funds 1,515.157 457.178 (78,4711 (85) 13.392 1.907.171 19-
ARDRISHAIG COMMUNrrY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 20 Analysls ol n•t a•Mts b•twn nd5 Total funds 2025 lund• 2026 2025 At 31 October 2025: Property. an1 and 1ert Investsnents Curronl asset{ab1lIhe$) 1.446.137 387,59) 612.864 4,628 1,450.765 3B7,590 616,121 3.257 2.446.591 7.885 2,454.476 Tolal lunds 2024 fund• 2024 2024 At 31 Octob•r 2024: Propety. ant and equynert Inve51mentS Currènl asseIUOiabl"e8) term Irabdities 1.352.513 161.805 1.362.357 161,805 444,376 (47,7501 147.750} 1,7.171 13,617 1.920,788 21 hlthd prty trnns•ctlong Dng the year tharity entered into the folwig tran%1101 wilh related parties". During ts year an any)unt of £3.147.42 (2024.. £3,986.91) was wd to Kwn•ths of Stronathuh'n LLP. limited lialmlity partnefshy m vthich 0¢n BroadIc is a partner. This reweserrted ClS ined by Ardrishaig Community Trust that were setU8d irya this LLP. At the balan(x sheet date wgrg aMts poyoble to Konrths of stronathIn LLP.
ARDRISHAIG COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMEpifs (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 21 R•l#t•d party tran•a¢Uw8 IContinu•d) The followng an7ounts wer• ouistsndirwJ al thg end date: Amounts omd to v•l•tsd p•rtl 202S 2024 Enlibes over which the lIty has ntr¢4. control or SJn1fint inlkwce 64.524 The folln9 amounts wwe otht•Mlww al the rewxting eThl dat•: Amowts ow•d by r•lat•d Amounts owod by Mlat•d pirtlel 2024 8al•n¢• 2025 Entities over which the entity IMS ntrOl. i(Mnt conlrd or $igiNfiranl infiuance. 155.584 156.584 213,810 213.610 156.584 156.584 213,810 213.810 At thè balance sheet dale an amount of £Nll12(r24". £222,2261 was wed by Ardrishaig Rfrnewable Energi&S Ltd represénting g-aIded donat)ns receiwat4e for the year. A balance of £155,C((J was rM8d by Ardrishalg Renewatle Energies Ltd repfesgnting ¢a$h advanced to t 3ubsMliary to aid cashllow. This knan ha5 rio xed repayment date and no fftlewl o Charged on this hjan. 22 Suhldlarle• These finanoal $t*emenls ¥fe separ8te Trnst finanrAal statements from Aldha19 Renble Enwgies Lld (ARE) ¥thi¢h 1$ an intermediate hoklirwj company fcthe invastnwnt in ADV•F. D8tals ofthe charitys $ubgthary 0131 Odobw 2025 Is as f¢Akn.. Nam• of Underta9 R•glst•r•d Natyr• of IxMlnM• of % H•ld •h•ve• hdd Dlr•ct Indlr•Gt Ar¢lri$halg Ren&¥the Energies Ltd Investm1 cory1Y Ordinary 100. The inwstmenl li $idIary 15 Staled at ils faw walue whth is dfjemed lo be its NetAss8t Yalue 8$ 8131 Octob&r 2025. Thè Net Asset value exdudes any revalLwlwi of ndng valu& of th& subsK1iarls IThte$t in ADWF. 21