REGISTERED COMPANY NUMBER: SC277276 Istotland) REGISTERED CKARITY NUMBER: SC041092 R¢port oftbt Truteu and FIDBTr¢l*l Stai¢methts for the YMr End•d JI Detember2025 HORSHADER COMMUNITY DEVELOPMENr (CONSOLIDATED) M#nn Judd Gordon L Chlnered AccounlEnts & Stthitory A￿LI10r1 26 t£wl$ Street Stonv)way 1sIE of Lewis HSI 2JF Contents oltkt St•tsAeDts for tht Ytar F￿dtd 31 DecEmbEr 2•25 StAtuu¢n¢ ofFthm¢ial knivith#. Grnp 10 B*￿￿*S1￿%t- Croup B•lan¢¢Slwet-Chrlty o•ty 12 13 14 FlowSt•terneRt-(Ivity•Dty 15 16 17 to 30 31 to 32 thE financial of thc ¢hrity for th¢ yaT cTrkd 31 DciwniKr 2025. The trpJ5ttts Imvc adtykd th¢ wovisioni (effective l Janullry 2019). which &Iiv¢n 4x¢ifi¢ ekrnentsof th¢ chtrity8 (&Je¢ts￿ Objtttlvu and •lmi ¢Xtenjlo￿ to benelli all pts)pie oc Aod vlshm w. the WM*m Isk& Th# Trt￿ h¥ 9 K¢y Str•*Bhc Tuks . Dev¢lopirvé th¢ ¢OTllmunity In * mmxr. . SupwJttin8 the diMdY￿ts8ed IAOW ¢4rAmuthty. . Protec¢ing OUT lo¢*J envu(￿rne - Regen¢rntinBour lo￿ t¢x)ts)my: . Supw)ftin8 th¢ G•eli¢ ¢ulll . Relieving ￿ Ind hKdthip in our¢￿￿m￿nity. - Provldln8 r¢¢N¢ioM] b#ivltkn owt4mmunty, . Sup&K)r¢in8 •dvm¢¢meai of￿1 forms of14&￿10￿ . Bulldkn8 • tsOllg¢T Commurtlty D¢veio]xNnt TndL STrATEGIC REPORT Ath1￿•￿¢￿ts and prforn*v• Charh•ble •¢tlvltl . pNVId￿ p)ts and ￿0d*ll1 doll•￿0￿ to dwritys fiuhlwhithopuxd fw awlic*kn• In 2014. D￿lIS of these &T￿ts and Ire detsikd In D)tt 7 to the sr*¢m¢ms: . provtded ￿tsthrOu￿h tht ¢hrrityi vjmmunty W" . ¢xpJnd¢d support for fwl th[ouW￿¥ttrrt£OfflfftW)lV. ¢du¢a¢io Fln•n¢l•l nvl PrlntlpAI hDdlD8•oiirt¢i The Tnut ia ¢xlrn¢ly fortth* itt been th to dowhl ￿ 81ft •ld Plym￿ts rtom tts *thsldlwy. Rl*)n Report thr tht Trtytt miATEGfC REPORT - the Charitys ExFendibJr¢ {£330,OQOI . the Charity$ Fun&raisin8CoAs (i.& Turbi￿5 OFa8ting Costs + Deryttmtson) (£20QI . The Horth In¢>)me Futtd (£243.656) ￿ t¢ in￿ed with a vi•v ty r¢pkntt the Rty)rt Turkn. with a new slrew Fxyond 2031 BFG FIT •8reeLwrt expitt& This WMI yt* on y¢ar with at ka5t IifAof ger￿￿10n inD)m incorrte of £64.144 for the wiod (Jn4 . £651.104}. Thts ryes￿ an incTt&* of W641 (2024 . £673.721} . unre5tri¢ted •d¢m8e of Q497 (2024. 216171) iu r¢strI¢￿ fitt Golng concern Fthr¢ pl• 2026. Tr T￿]￿ h*sembAthd M aFubJrt1o¢4)ty¢pM to se(att the ofthe exisbn890t*W WilldTurbirK and lo On 27th Felxwy 2026. tk fomlixd thr oftt* Okl Sdwl Cwty¢ in Sb•wkni atyl to r¢thv¢l ReportoltknTrurte f•r the Ethd￿ 31 D¢¢ethb¢¥ 2 CovernlD8 do¢umell¢ estsblished the objects and powm of tk ￿l￿ble •1￿ is under its Articles orA￿0¢]￿￿O￿ In the heary Telian(g on Yllble A" provisions undrr the fit for pwpme. Tr Bogrd hL% pjans I som¢ ¢rrono)w BYe-la￿ thpt&4 I)et*￿ 2019 and 2021 wllith h￿e the 8OT•*Tnw ]MD¢edurn& RetrultmeDt And •ppolDthient ¢ruth¢l Th¢ d￿v￿on0f th¢ COMp￿Y •ft th) ¢lwity truskej fortk ptt¥meof&ity Jaw. Annual Genero1 MeetinB. The Elec￿ DIrea0￿ ¢onsistof M uh)Te Dlrecton fmm thc ¢rofting ￿￿nShIP￿r Direclors mus¢ rc¢b¢ by fOts1ion * ¢•¢h Annwl G¢￿￿ Me¢tip8 ¢118lbk fty rtr¢knior R¢kn¢¢d plrtlu REFERENCE AND ADMINISTrAThE DEfAILS Reitstered Comp•uy Number SC277276 (sc￿11[￿1) Re￿¢r1d ChArtty SC041092 PAebhat Ho North Str*wbo lile of L¢wii HS2 9BD Tru¥iee• F A kfferton F Mkn)d {r¢xp*l 3.525) P Ltd8¢ry J M Ma￿0￿d C Morrlx)n Audlton Morm Judd (jordon Ltd 26 Lewis Street Stonb)way lsk of Lxwis Hsi 2JF HORSHADER COMMUNITY DEVELOPMENT REport of Ibe Truite rorth¢ Y¢8r EDdel 31 D¢¢¢mb¢r2025 REFERENCE AND ADMINISTK4TIVE DETAILS StslS¢lton MacDonuid Maciver& Co. Ltd Soll¢liors 20 Fr￿￿13 Street Stornoway Isl¢ ofL¢wts HSI 2NB STATEMENT OF TRUSTEES, RESPONSIBILITIES Th¢ trust¢¢$ {who Jre tho th¢ directors of Horjhoder c0romw￿ty Developnent for th¢ PuT￿Se3 of compgny lawl responsible for pryinB the RepDrt of the Trusteej ond the fina￿7•] 5tlltements in accordan¢¢ with ¥pllcllbl¢ law #T Unh¢d Kin8dom A¢￿￿￿tth8 Stontrdl ￿T￿ted Klngdorn (lenernjly Ac* AccoulltlnB Prn¢tscel. CoMp￿Y law requirei the tru*eeB to prepue tlnanaal slalements for each f￿￿ncIal year. Uftder that law. the trustees h&ve elected to WCFW¢ th¢ llnwldal 5tatCTn¢nts In aWjrd￿￿ wlth Uni*d Kingdom Crtn¢r4ily Ace4¢Ed A¢¢ou#dni PTarfi¢e (Vnlted Kin8dom At£ountin8 Startdarth and opplidile hw). Under Mmpany law the tru8*ei must not spwove the fin*nci•J Jlalementj unlesi thEy gre M¢1￿1¢d that they 8IV¢ ltrue ond fair view of th¢ ¥tate of affakn of the 8DJup ond pllr¢nl ch•rlt&ble gjmpllny And of th¢ IncotDing rnJourt45 and appjicalion of Mource& includln8 th¢ irtwm¢ And ¢xp¢rtdlttu¢. of th¢ and por¢ni ¢horlthbl¢ ¢ompAny for thii lod. In prepari￿ thox tIna￿la] stat¢m¢nffj th¢ ¢nwt¢¢$ 9T¢ r¢quiT¢d to SElect ￿l￿ble acwun¢ing p)Ileh$ wtd th¢rt apply them ¢onsls*MIy: obJery¢ the methodJ and principles in the Ch•ritieJ SORP,. m&eJud8¢m¢nty effilmA*S thAi Ar¢ f¢A8on•bk ond pnJd¢nl,' stole whether applic&bli llr¢ouniltti stsndllrdl hav¢ b¢¢n followe4 gubJ¢¢l lo any mat¢tial ¢kp•JlwN dI￿10￿d and ex￿8￿l￿d kn th¢ tln•n¢iAI sthi¢men prepare the fmonciaj s¢atement$ on tht lolng ¢on￿rn bul$ li [8 In¥)w*prlite to pr¢sum¢ th* 8roup aThl pw¢n¢ ¢h•£iMbJ¢ company will wTrtin￿ in busine Th¢ truJW w¢ r¢Jpmlblè for properKwJn￿ns whl¢h dis¢los¢ wllh a¢¢wo¢y 4¢ any tlm¢ thE llrw)¢lttl po$htiOn of th¢ 8roup ond parent ¢hwltsbte cornplny •nd to enable them lo ensure thllt the fu￿ne￿I r¢m¢nts ¢omply with the Companie$ Act 2006. They are kljo responslbl¢ for sNfeBuDrdui8 th¢ as￿ of tho 8roup and PUTeni chllritable gjmpw for taklt)B t¢awnabl¢ st¢pJ for the pr¢v¢ntion •md d4tectson of frwd and oth¢r trK8uIArlil¢& In the Irust¢¢J or¢ aWAT¢.' thBrt 1$ no 1¢kv￿1 Audbt knform4tion of whi¢h tlw 8royp 4nd PBTent clwitable compwy'iMLdltors#Te the ¢ru$*eJ hav¢ &t¢pJ thNt th¢y ou8ht kn have tsken to mwkg tIL*nsplves 4w•ro of any eudlt Inforn?¥tiW 8nd to es¢abliththllt the auditors ue awtr¢ of thllt inf0m1￿10th. Rw of th¢ biJ*e¢s. 1ftc0ryK)ratS￿ a Jtrot¢8i¢ r¢por4 approved by order of the bowrd of trustees, & the cump•Dy dlre¢tor4 on 22 jw￿ 1026 and JiBned on the l¥Jwrd'ii￿￿1f by: F A kfr¢￿tt. Thutee R¢port Of tht IndepeDdent Audltorj to the Truitc￿ aThd m￿nber*ol Horlhader c0￿Mm￿lty Dvtknpm¢ut Oplnlon We have audited the futhtKlal stst¢m¢nts of Hotsh￿¢1 Community D¢v¢lopm¢nt (the,p￿ent Elwitsble lllld its 5ubsidiw (th¢ 'w') for the yeNr ended 31 Dec4mbEr 2025 which comwi8¢ th¢ pstent cb8rltabl¢ cJJmp8ny'5 Stdttm¢nt of Fin9th¢1￿ Arfiviii¢J, th¢ Balan￿ She¢L the Flow Statement and note5 to the sw¢m¢Thts. including a Jummw of 958n1f￿aTrl a¢c4)utytirtg p)Il¢l¢$. Th¢ tttut)cig1 reprtin8 frwllework Iw been plied in th¢lr prepA￿lOn is opplicable law and Uniled Kr￿dorn A¢wuntin8 Stand•rd5 IUnit¢d Kiti8dom G¢rttt81ty In our opinion the f￿￿￿claI ststements.. BIv¢ A true pnd fair yi¢w of the stgte of th¢ Broyp and puent clwitable compwny'# lfftiirs ¥ It 31 D¢e¢mb¢r 2025 and of inc4)mth8 I￿0￿¢¢5 applI￿110n of r¢sour¢¢% includin8 it$ int4)me and eyrtditw4 for the year then ¢n￿. hav¢ Ix¢n p¥op¢rly pry•Kd in accordonce with United Kin8dom Generally Attepted ACCou￿n8 Prxtic4; and have been prepared in with thB r¢quiTtm¢nts of th¢ Comp&rtkg Act 2006, the Clwities gnd Tnut¢¢ Inv¢athi¢rti (S¢otl*tdl A¢t 2005 and R¢8ul•tion 8 of th¢ Ch8ritieJ Accounts (Scotlandl Re￿ISt{0DS 2(K)& Bllili tor oplAlon W¢ ¢ottdu¢l¢d our audit in accordance with lnternRtior￿i Stwthrd8 on Auditlng {UKI (ISA9 (UK)) appll¢Abl¢ I￿. Our T¢spoDsibilitie5 under tkna¢ t}￿ther &s¢ribed lrt the Audl¢or¢ r¢wnslbllltks for th¢ Atylli of the fin•nclul stht¢mcnts xclion of our r¢p)rt. W¢ ind¢F¢ndeni of th¢ 8fOUP 8nd plrent charltsble company In •c¢othc¢ with the ethical rwuirementj th&t are relevant to our Audit of thE stthments tsl the UK lrt¢ludln8 th¢ FRC'S EthirAi w¢ hav¢ fvifill¢d ow other ethical r¢yponJibilliieg in accord￿ with the r¢quiT¢mfflts. We believe t￿ the audit evi&nc¢ ￿ hAv¢ obts1￿ i¥ wfficient and approwlth to provlth i i¥sis for ouroplnlorL con¢1￿10￿• TrlAtEn8 to golD8 ¢Q•t•rn In Auditlth8 the flnRnciaJ sialemenl4 htve concludedth&t th¢ uje of thi ioln8 i*¥tsof In th¢ ptepgrntion orth¢ ftn•n¢lA] sw¢m¢nis Is AppropriAt¢. B•Jed on the work we have h•ve not ld￿￿fled •ny mnterl•l ￿E￿Illn¢7￿1 RI￿Ing kn ¢vMts or4yJndhloni thal lThdlvldulllly or coll¢ctiv¢ly. may ¢•M $i￿1r1￿1 th￿bI on th¢ BTOUP p*r¢Ai ¢h•AtNbl¢ wmpony 's Ibllity 10 ¢otttIttu¢ 19 È80Sn8 ￿lll¥rn for 4 poriod l¢a¥t monthi ftom wh¢n th¢ fir￿n¢1￿ sl*m¢nts 4T¢ oythorw for Our rnJpOn￿bll1fhj and the R4JonJibiltties of the I￿SteEl wlth reiperl to BoinB concern aye deicrlbEd in the lon$ of thli r¢pxL Oth¢r Infonhatlon The trusteej Bre for the other Inforniaiim. Tht okn inforM￿lon (•mpriw the infonu￿1tiTh In¢luded in the Annual R¢porn Oth¢rth￿th¢ flnonciai Jtthm¢nts mdour R¢pn ofth¢ Ind¢perthni ￿1¢0￿ th¢rM Our opinion on the ti[wi¢l￿ Statements doei not cover the oth¢r inforniithft art ex¢4pt to tlK extent otherwl ¢xpllcltty s¢a¢¢d knour t¢p)ri ￿ do Mt ¢xprMs *ny fomi of ¢onGb]slon tknr¢oLL In conrKction with our auditofth¢ fin•th¢1￿ stt¢¢m¢rtts, our r¢swnsibllity li to r¢Ad the oth¢T Lnforni￿7Oll in dolng so, ¢oD$lder whether the other Info￿atiOn m4terLdly ir￿on915*nI with th fttwiclal 5tatemenls or our knowled8e obt8intd ITh the audit or otlLerwiSE appEafS ￿ be mateADily mlsjtthd. If ￿ identsfy su¢h mthriai inc￿5151¢￿iE5 or PAr¢nt Jn•ter141 misslatemenl4 we ore requlted th de*nlline whether this 8ive$ rlBe to a mateAal misslatement IA th¢ tITwKiNI thpms¢lv¢5. If. b#ed on th¢ work w¢ hnvo perfornLo4 thNt th¢re 13 a materllll misslatenmt of thisothcr infO￿atiO14 we wte requited kn report that facL We have nothin8 lo rep)rt in this re8ard. Oplnloni on other matten pre*rlbt41 by Iht Cornpfinlts Aet 2006 In ouropujion. bayedon the work Und¢￿eTh in the course of the audit: the infonnalÈon given fft th¢ Report of th¢ Tr￿te¢s for tho fin*Kial y¢•r for whi¢h th¢ fM•rt¢1￿ are pr¢pvMI is ¢onsisi¢nt with th¢ sth¢¢m¢nts' ond . the Re￿rtOr the Trpx*c45 h￿bEen prepoThd ITh arc0th￿ with 4ylicable ieBaJ requiNneThts. Report of tbE Ind¢p¢ndtnt Auditor8 to the TTu8¢eu and Membews of Horjbader Commulllty Development Matten on wbleh Y4e are requlred to report by eiteptloo In the light of the knowled8¢ undm￿dIn8 of th¢ group It￿ p*¢n¢ dthTitsbl¢ wmpany Wld its environment obtsined itt Ib¢ ¢>)urye of the wjdil bavenot ideniified material misStat￿eThts in the Report ofthe Tn￿ee$. We h￿e nothin8 to reprt ITh TeBpect of the followin8 matter8 wh¢[¢ th¢ CotDpnies 2006 and th¢ Chwhl Acc4Jwits (Sc4Jt14nd) Regulations 2006 (as wn¢nd¢dl r¢quiT¢$U$ to r¢yJrt to you if, in our oplnlon.. adequa* and tmper ￿countIng terordJ hll¥t noi been kcpt or T¢UJrnS athquak for our uudit not beon r¢c4fv¢d fkom btan£he5 not Visited by us.. or th¢ finanriNI stat¢m¢rtts 4r¢ th)1 in Aweem¢nl wlth the ac¢ountkn8 Rcorth 8nd leth￿5. or discio8ure5 of trusteel remunerntion 5pttified by IAW ar¢ Thot mad4. OT w¢ hiv¢ Mt r¢¢¢iv¢d 411 th¢ ioformalioo and ¢XpI8natio￿ we requim forour audiL knpon¥lbllltl¢¥ of tTU¥tee5 As expl￿￿￿ mor¢ fi￿lY Inth¢ StAtrmeTht OrTn￿l¢¢$' R¢5pongibilitlei, the are re4*)￿Ible for the propvatbjn of th¢ fuwi¢iJl jtstements and for beln8 5Wtlstled that th¢y BiV¢ a fAir vS¢w. Al￿ lor umern￿ control ￿ th¢ IrusteeJ deterniine 1$ net4ssw to ¢rtabl¢ th¢ prtpgrntion of fln8ncial slaiements that aye ftee fmrn Material mlsstat¢m¢rt wh¢therdue to fraudorenor. In pr¢p•rln8 th¢ fln•n¢iAi th¢ 1ry3te¢J •re responsibk for the gtOUP Wld puent ¢hllritabh ¢omp abillty to continue as a going con¢en4 dis¢1055[￿ a# 8ppll¢abl¢. matt¢n ffl8¢¢d to 8oln8 ¢on¢¢m usln8 the 8oln8 ¢4)n¢¢m bgsi$ ofa¢countin8 un]ess the tnL5tees elther Intend to liquidth th¢ mp *Ld pwent ¢lwitsbl¢ ¢ompthy or 0￿￿110￿* or hAve no re￿1￿11¢ alt¢M￿l￿ do ￿. PJ8e 6 RepDrt of the Indep￿dent Audlton to tbe TrM*eu And Mernben or HonW¢t c0ty•ts￿ty D¢vÉk)pwi Oar rebpDNiblTltle¥ forthe ofthE Jtal¢m¢Nts Our apwoxh as follows.. W¢ obt*ir*d of¢F¢ k841 frnM¢￿th are wllt4bk th th¢ wKlty de*rmirtd tlnwjcial thternen￿ tht is FRSIOI SORP the c41mpu￿¥ Ad 2(*)6.The ¢hrrity is th Subjed to d tei*i¢>n (GDPRI Ix•lth•Trl ￿Y withirhtheMThkplK& As plrt ofow I￿￿11 team diwwl0￿ i&ntif*d if￿Y pmKu]•r •re• mow¢ swibl¢ A Ilst of •md re8ylalior4 idendlt&l abM. We corn)bw•*d ow ¢r4uiii¢s oftt￿¢ with 8o¥e¥nw￿ by a ml¢w of the bo*rd mlN*ito d*¢. •Tt*lewof th¢ b•nk SI•*m￿ts •Tevivw ofthe servi¢e ￿Y7011 files for the yw ￿vieW Ork8￿ f¢a rhu8ed in yw for thy ¢vithn￿ of kB•I axlllderntfv We c4Jnsidcred the rtsk of fra￿1 th1o￿h mwemeffl ar4 in respmo. ￿ ino)rwJr*d tMtin8 of GiTrtn th¢ slz¢ of the ¢ll￿ty. of thrtiu is limityl ¥0 we &sip%d our wo(%dwu to W Ind by the Subsid1￿ dTea ￿the 8w. We w¢ **JiwrJ ¢b*ltkn wlthin th¢ ¢ybililies to ithntify or retr)￿1* Mnw¢¢fflpli•t￿¢ with laws •Tb4 regu￿tIonS rt¥KlwJed that the overall risk wa8 of frwd mi3Stthment W•5 h)w the exF¢riw of the wlit Assi84¢d syffi¢iMt 9A￿ no $p¢¢th1ts￿ wete invBulwi¢i¢J *Iot)8 with th¢ pu<¢iv¢d Iw¢l of li Th¢r¢ ar¢ lnIKT￿l limits¢iom in th¢ atyjit Fo¢¢dwN &y¢nThed Ksult riik that 2om¢ is to b¢o)m¢ awar¢ ofit N)rtrcompll￿. The rilk is th 8re*r WArdi￿ irre8lllarities o￿l￿rin8 due b) misr¢pr¢J¢ntsilon. Tr wim•y rt4KJtts7L lillty for tr¢ dettcttw of fra￿1 re#$ with b)th th￿¢ ¢hsT8ed R¢pwt of the IndepMLdent Audftorl to the TTU¥teu Memberj of Hotthodtr Communlty D¢v¢lopm¢llt Use ofour report This report ts mad¢ solely w the chorilable Comp￿￿5 IllEmiry a5 a body, in i¢¢QTd•n¢¢ wlth Chapter 3 of Part 16 or th¢ Companiis A¢t 200A Artd ts) the 8YOUP ond prent chuitabie company 's tN5t¢¢4 D5 a body, in a¢￿[dan￿ with Regullltion 10 of th¢ Chhritils A¢ththts (sL￿tIat)dI Re8ul&tions 2006. 0￿ audit work hu been undertaken 80 w* mi8ht st4tr to the Broup and pgrent choritablt comp&ny '5 m¢mbm the truste¢s thog¢ matt¢r$ we gre required to to them in an guditOTI rtPDrt and for ￿) oth¢r purN)se. To the fvllesi extent perrnitt￿ by law. we do not ac(gpt or Twonsibility w •ttyone other the 8Youp and pNT¢nt ¢h•ritabl¢ ¢ompw pnd th¢ youp aThl ptreht pgny ￿ m¢mi*n ￿ • h)dy, forour a￿111 forthis rewJrL OT forthe opirrions hDv¢ formcd chvitsb John E BA FCA IS¢nior S for gndon beholf of mar￿ )￿d Gordon A￿allOr) & Statutory AuditDrJ BJi8ible ￿ a¢t ￿￿11101 in wmj of Section 1212 of th¢ CompNttl¢8 A¢t 21X)6 26 Lewis SIT¢¢t Ston20way 151e of LKwii HSI 2JF 22 June 2026 forthe Ye*r ￿￿￿ed31 De¢emb¢r 2 31.1125 31.1224 Totsl (2> 1507 19.3ti 3.519 &576 8J76 667.563 3L860 1,018.952 29.260 31160 Totsl EXPENDrruRE ON 185.028 185.ff28 75.101 311147 321.195 87.701 21&846 71.086 Co#wiuDity 8towin8pmixt 87.701 497 175 ￿725 42 663 9M ￿875 NET ￿COMFj(ExPE￿D￿l Trattbfern between funds 207.747 (143,603) 64144 651.104 Net ￿￿¥1￿¢￿¢ (1497) 651.104 RECONCILIATION OF FUNDS 3.113265 338J89 3.451.654 IWO,5YI 335 3515798 3451654 Stste￿¢￿t of Flu•¥d￿ A¢eivilw-CbArity for th¢ Ye•r Faded31 Dttember 2025 31.1125 31.1124 (2) 1506 799 Chorltsble •¢tlvltl¢• Commwiity developnent ComM￿lty vowing pYoic¢t RurolTT•n5Pn 17.124 17,124 IIA171 8,576 34,746 3,$19 6.062 10.171 V76 Inv¢m¢nt IKorue Othcr Income 891831 89&831 741,964 Total XPENDITURE ON Cknrftsbl¢ •¢tlvltl Cornmunity deveWeTht Community VOWiti8 [￿Je Rurnl Trnmp)n 311147 321.195 87.701 21&846 71.086 87,701 Tothl 31 3SI 774 NET INCOMFJIEXPENDITURE) 61N5J16 (143.6031 461713 435J16 N¢¢ m•vim•A¢ 465210 497) 461713 435.316 RECONCILIATION OF FUNDS Totsl fvrth fwwltd 331J89 1134527 1.703.211 TOTAL FUNDS CARRIED FORWARD L48 335 892 601 P•8E io 31 December 2025 31.1125 Tothi 31.1224 Unte5ryided RestriL*d FIXED ASSETS Tangible asgets 15 73A875 99262 836.137 950.186 tkbtOT5'. ￿ounts fallingd￿ within on¢ y￿r Cash at b￿k9nd in hand 16 210,626 75 210.626 251.3SS 1485.923 23&630 1721553 1534.959 Amounts fa]]in8 due withinolle yellr 17 {42.892) (41892) (33.491) ET CURRENT ASSETS 23 TOTALASSETS LESS CURRENT LIABILITILS 3,179.9LkS 335.892 3,511798 3.451,654 NETASSETS 3515798 3451654 19 UDttstricted fillrf8'. G¢ncral fimd Commwiity fiJt)d D reflect th¢ of the rt¥AWgt. Co* Teknti￿ w th￿l￿Allr ￿1¥1￿ •r¢ dirediy. oth¢n ¥• Bullthn PJ•ntknd mxhhxry FLxttm filllap Molor vehicks OtTr¢ ¢qulp below £100 •x¢ Th>t witsll* shew d•te. If such 1ndiuts￿ th¢ zux)Trtrnbh •mouTht of thE is eJtimthl 4nd compw¢d to the ing #mowt. w￿re the wryin8 •llKoJnt ex¢¢vth its Trwvuabk •moun4 * impA1m￿nI ioJ3 Li ye0)￿1]ed In or unleJJ the is rwri¢d Mv&bJe4 •mwr4 the impirniert lou is a re¥￿U*l Fund aetountlll8 ICKI of the iew. Notu to th¢ Flu￿4￿1 Stat￿￿￿. ¢￿tin￿d rtheyear FAMkd3A Il¢rtwbtr2 ACCOiINfllYG POUCILS. they rei8te. D¢bt•r¥ ¢Y¢dl CTeditOTS and wovisi0Tr5 TCCO8nis¢d where the Tr￿$ a obli8ation fmm a will pxobably r¢8uh irt tr•wftr of to i tbitd the arn(￿￿t to gBttk ob]i8fttson DONATIONS AND IXGACILS 31.1125 31.1124 31.1125 31.1124 Risort Sdes 667 563 ￿952 31.112S 31.1124 29 31.1125 31.1124 5,451 12.046 163 9.171 1.862 3.519 1.735 1158 Trnwrt 31.1125 31.1124 Comhith nxh Eile*nSi•r 1.755 DTA S￿tI￿nd 13.801 PaBe 19 N•tts to the FI￿￿￿￿1 Stat￿¢￿ts * ¢ODtiDu f•rth¢ YtAr Eodtd31 Detembtr J)25 31.1125 31.12.24 1.162 13,801 RAISING FiINDS 31.1125 31.12.24 1511 93,067 1764 90.921 {108.027) Rijort thx livitiej (Re Cow{*e )*1) (¥)Ms {x¢ t¢ 10) Totsll Cornmunty d¢vtlopmtht 207fv14 86.042 Tl.233 36.948 1.659 321.19J 87,701 359 717 a33 31.1125 31.1124 st￿¢0 203,464 21,709 15.410 169,735 3,659 15,581 510 7.681 9,932 1232 427 1366 41.458 Sile rent Minibus ￿PEth J.808 15,8 11.399 Toolj L¢pi arklprnfeyiofwl fe Fuel Povuty 34,500 359 717 N•¢¢* to the rmanti￿ St•trm¢ots. e•lltlD￿d GRANTS PAYABLE 31.IZ25 31.1124 31.IZ25 31.1124 2,(K)O 1,600 None Mill Sgoil Siabjst Scknl Fw 750 738 SSYI Westside Footi￿ Club shaw￿ OM S¢h(M Carloway Foo&￿] Ctub 6276 I0￿1[1 Cholttl Cli k 1.000 1000 iooo Islands B￿k Th Sgoil an TwJilL Si 2( 31.1125 31.1124 9,45YI SUPPORT COSTS Community Community gTowing proic¢i 18236 229 417 7.671 31948 1.659 1.430 15 Py21 HORSHADERCOMMUNITY DEVELOPMENT Not¢¥ io thE Flttstttlal St8temMts- contlDwd for the Year F￿ded31 D%¢¢￿￿TIo2$ SUPPORT COSTS- tODtlnued SuppDrt in¢lud¢d in the abo￿ are ag follows: 31.12.25 31.12.24 Community Community development Noie Rural TrarbSPQrt activilie5 a¢tiviti¢s 1898 1898 6,255 4.190 1020 4.428 3,797 1,472 10.671 1792 1147 5,019 804 1,705 580 .754 Llghl ￿dI￿1 Telcphon¢ Rates and 5,611 4,196 1.234 4.428 TrthittB t￿SIS P05tDge ￿d$￿tIOnery AdvertiSill8 8Dd w%b5ite debL8 PAemkTship and subs¢riptioThs Sunthy eXF¢￿$ Bathk ¢harg¢s A￿Lt￿, retnuneration A¢wutt•and1¢8al ftt$ 1,765 894 4,282 2.010 1.137 5,000 4.693 2,010 1.138 5.OLKI 3,295 1497 1.375 3,500 ii. Net JWMn¢l(¢x￿thdtttjye1 1$ Jtated after c1wg1￿{Cft￿IILttg}.. 31.1125 31.12.24 Auditor¥ temun¢rutltsA Depr¢¢iatiott- own¢d Otheroperating lea5 SuryTrlus on disp05BI of fLx¢d 5.OLIO 126.671 2.518 3,5 116,908 1764 IL TRUSIEESI REMUNERATION AND BENEFITS ended 31 Decemkr 2024. Truitttj. There w¢re nD InJ5*¢$' exwtsrs pwd for the ye8r ended 31 December 2025 Th)r for the year ￿ded 31 December2024. Pg8¢ 22 HORSHADERcONi￿UNxTy DEVELOPMENT Not# io the Fl##ttel#l Statements- ¢ontlnued ror ta¢ Ye•r FAd¢d31 Dtt¢mb¢r2025 13. 31.12.25 31.12.24 W4¢8 sal￿1¢1 Social *¢urity costs Oth¢rp¢nsion cogts 191 J87 8,322 161,370 6,011 The avewe monthly numberof employees duTln4 theyearww u follo￿.. 31.1125 14 31.12.24 14 Chthtthl¢ •¢tlvl¢i¢J No employees Te(*lved emoluEllenti in exttsi of É60.000. 14. COMPARAllVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- Group filnds njnds INCOME AND ENDOWMENf$ FROM Donwtions Ind l¢gA¢ie* 775 Ch•Tltqble uttvltl Community developm¢Thi Communlty 8rowln8 proje Rurnj Transport 19.387 19.387 3,519 3,519 6,062 Other lrndingaaiviti¢$ Invethent Income 1.018.932 1,018,9J2 Total LXPENDITURE ON Ralsin8 fvndj 75,101 75.101 Charftsble acllvitlm Cottlmunlty d￿clo￿nent ComtnuThSty 8Towin8 pMJe£t Trkniprt 208166 9.980 71,086 218.846 71,1)86 TotAI 283 967 142 901 426 875 NET ll¥coMFJIEXPENDrriiRE) 784.407 {I33,3031 651,104 TrAnifen between fundi Net movwne#t In 673.721 (22,617) 6SI.104 RECOIYCILIATKON OF FUNDS Tolal ftmd5 brought fmyud 2,439.545 361.OOJ 2.800JS0 TOTAL FUNDS CARRIED FORWARD 3113266 338 88 3451654 Pw23 HORSHADERCON(fvIUMTY DEVEIIIPMENT Nottt to tht FlnAnelg1 Statem¢Dts- colltlnued forthe Yur EDded31 De¢emb¢r 2025 I& TANGIBLE FIXED ASSETS- Group FlxbJte5 Plthi and ma¢hin¢ry Ilitln8$ Bulldin8S COST At l January 2025 Additlolls Di$pos81s 272.784 107S.970 8.112 1619 At 31 December 2025 2 084 082 ￿619 DEPRECIATION At I JNnuThry 2025 (hr8¢ foTy¢gr Ellmlnated on dlspo 91398 10,912 1,36Q250 99.716 1619 At 31 DE<*mi%r 2025 103 1459966 ￿619 NET BOOK VALUE At 31 De¢4mber 2025 169 474 624116 At 31 Decemb¢r2024 180 386 715 720 Motor v¢hl¢i Oftke ¢qulpmert Totsls COST At l JAnuAry 2025 AddSllon$ Dispoiw15 101.091 8.550 25.421 2.477,885 16.662 796 At 31 Dec¢mbv 2023 DEPRECL4TION At l Jlnuw 2025 ChaT8e for y Ellmlrtttted on d1￿￿1 49,782 13,955 21650 1088 1,527.699 126.671 At 31 D¢Lxmbsr 2025 I flJ5 614 NET BOOK VALUE At 31 D¢¢•mber2025 836 137 At JI December2024 51309 ￿771 950 186 Pa8¢ 24 HORsHADERCOI￿1{U￿Ty DEVELOPMENT Ntst•s to thÈ FlJ#n¢ial Sts1¢m￿ts- ¢Ontin￿d ror tIL¢ Year Ended31 December202S I& TANGIBLE FIXEDASSETS-Cbarlty ollty Plllnt and Buildin83 m¥chinery At l Jonwy 2025 Addhiort$ DIS￿5116 272.7B4 287,112 8.112 1619 At 31 Dgumber 2025 DgPRECL4TIOIY At l 2025 Charye foryear ElimI￿t¢d on dispos•l 92.398 10.912 272.786 10.273 1619 At 31 DKember 2025 103310 283 059 NET BOOK VALUE At J l December 2025 A¢ 31 D¢¢ember 2024 Mowr vehicles Offl¢¢ eqylpm¢Dt Totats Al l Jpnuary 2025 Addltlonl 101,091 13JO 23,421 689.027 16.662 52 7961 At 31 D¢ttmber 2025 DEPRECIATION At l j￿Uary 2025 Chtr8e for y¢ Ellmlna¢ed on dl4)oMI 49.782 13.9J5 22,650 1088 440.235 37.228 At 31 DK¢mb¢T 21125 NET BOOK VALUE At 31 tkcemLYr 2025 683 At 31 tkcemFAr 2024 248 792 P•8¢ 25 HORSIIADER COMMUNITY DEVELOPMENT Notts t• the Fknanelal Statements- toatinued for the Year End￿ 31 D¢¢¢thbtr2025 I& DEBTORS: AMOUNTS FALLING DUE WITIIIN ONE YEAR Gr•up Chlrlty Oaly 31.12.25 31.12a4 31.1225 31.1124 Amounts falllng du¢ wlthin OA¢ y¢gr'. Tr&de debtori Othrr d¢btOTS 29,866 180740 44.412 i.ios 251 210 626 ass ￿320 Amounts falllng du¢ ￿MOre thgnone year.. Amounts owed by 8roup undtrithn81 251335 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group ChArlty Oply 31.12.25 31.12.24 31.12.25 31.12.24 Trad¢ ¢rediiorn Tlxatlon Bnd s¢¢urfty Other ¢r¢dlwrs 12.J18 6.679 11,418 123 11318 6.679 123 32529 ￿754 P4e 26 eontinued.. Nota to tbt Flllalltl￿ ststtth¢ttts- ¢antin*¢d f•r th¢ Year FA￿ed3{ December2025 I& LEASING AGREEMENTS Minimum ieue p8yments urthrTr￿￿￿eeIIabIe op¢rniing fall follows.. 31.1225 31.12.24 Within one year Between one and five ye In MO￿ than fiv¢yellrs 4.150 22375 4,150 22,375 19. N¢t MOVEMENT IN FUNDS- Group TraNfrr5 At 1.1.25 31.1125 iJttwtrkt¢d funds 1.793.028 140.237 660.000 420.000 323J29 (127.938) {3l9.998) 1.796.359 12.299 660.000 467.592 Community fhjnd D¢slgr4*d Fund. R#s¢rv¢5 Desi8tiAted Futtd. HorshoderBursary Fw D￿l80￿ted Fund. Futh Inrn¢ FurKI 11356 35,236 143 656 3,113.265 207,747 1141.106) 3.179.S¥)6 Rutrkted fvnd• Comrnunity Growing Prnject fund Capitsl fw Rurnl Sypwrt and Connect Fund 4.355 334.034 (77.5311 (9.048) 76,371 3.195 324,986 338 389 335 892 TOTAL FUNDS 3 451654 3 515798 Page 27 ¢0ntkn￿tI.. f•r th¢ Yt*r F￿ded31 DeeeobEr20Z5 19. MOVLMENT IN FUNDS. Grwp. G¢nErul fund ComM￿lty fw (369237) (127.938) 323.329 1127.938) 704.922 (497.175) 207.747 Re•¢rlttrd IQ170 (f,7Qil (9.0481 (77.531) (9.041) Rurnl Fw Ai 31.12.24 1.1.24 .471.457 201.011 ?60,i￿+ 845257 160,851) (5JQ686) 1.793,028 140.237 c*o,(KJo 420.[￿0 COMM￿lty tlmd Desi8na*d Fund. Re*r D¢S1￿1¢d F￿￿. Htyjhukr Fw t*S18r￿ Furwl. In¢4m¢ FUMI 1100.ooD) 420,( l439.545 714.406 (110fi861 3,113.265 Re•trlrtd funth Commurtity Omwkn8 Proj￿ firyl pl1￿ fiJNL 1(458 344fv14 533 (67,565) 19.9801 SS.462 4.355 334.034 33 LLSO 651104 3451654 ¢otLtinued.. HORSHADER COMMUNITY DEVELOPMEKr Iyotts to the FID8nclal StsterneDts- continued for th¢Ytar Ellthd31 D¢¢wDbÈr 2025 19. MOVEMENT IN FUNDS- Group-t￿li￿ued Compllrativo n¢t movemeot th fimds. included in the ab)ve are ￿ follo Unr¢8trf¢t¢d fuodi Genernl fund Community fill 1,053,164 (207.907) 061 845.257 1.068J74 (2839681 784.t106 Resirl¢¢¢d fvndl Community Growing Project fiu CapitFJ fithd Rurni Suppxt ComK¢t Fund 3.521 (71.086) 19.979) (67.565) (9.980) 14 133 302 TOTAL FUNDS 875 G¢tternl fund ¢harithble objEQts. C•Mmunlty Thi5 reP￿Sents fund5 de5iWWt¢d by th¢ trusk¢5 to i% r¢in￿St¢d in th¢ ¢ommwity drou8h the support of varlous ¢ommw)ity projects and al80 to assist with futureotmtin8 ¢)J5ts. D¢*n8ted Fund. RHeTY This tept¢s¢ots lI￿d8 set aside os ￿￿ry¢S w cov¢r ¢h￿lty ¢xwMlinu4 fiwdqaisin8 rygi Dulgn8¢ed Fund- The Hor¥hader B￿r￿ry Fund This repr¢settts fiJttd8 to ￿ invesod with a view to tskin8 Wf th¢ inw¢M l yield ￿ fijnd byrwses for thog¢ under8oin8 tertiary edUatiO￿ or oth¢T activitres in lin¢ withthe Tr￿eS#th￿&ti0naI swrt obi¢div¢. D¢¥igDa¢ed Fund- The Fwturt Incom¢ Fund This represents fimds invested with a v¢ew to wiJac¢ the Rison WirMI Turbin¢. with •Jw inwn¢ *re beyond 2031 when the FIT agTeemetLt ¢xpite5th This Fund will bE augmented year on yur Thith at tew5t I(PAof the ￿rbI[￿S generatlon incom Communlty CrowlD8 Projert fllnd Thi5 Irp[￿r[l15 grnnts frnm pubJi¢ fimmling a8￿]ES trusts in of the thpzity¥ Commwthy Growing project which irKlude5 the construction of six F4Jlyknmnels and a 501ardome 8lasshou5e aThl the plOYm¢￿ of * fu]1 horti¢ultwist and titll¢ woj¢rt outr¢a¢h offwer. Tr ¢4phtal ¢lEm¢nt of th¢ project has been allocated tothe Capitsj fund. CApithI fund This r¢pr¢3thw 8rgnts received frotD public fimthn8 a8¢o¢i¢s and trysts in rnpe¢t ol yifi¢d Ca￿*1 Rural Support and C•noeet fuDd aim of tk Rurnj Supm Wld Connett proj¢¢t is to ¢nttbk th¢ ¢ollunuttlty ts enjty th better 4￿Lty of life thwugh th¢ LI)mm￿lty minibys p¢rson s¢tyie Py29 ORSHADERcO￿&mU￿￿ DEVELOPMENT Notu to the Flnath¢l•l Stst¢m¢tsts- eoutlty# fortbe YtarEBd¢d 31 D¢(ember2025 19. MOVEMENT IN FUNDS. ¢oDtlnud Tr•Ththn b¢¢we¢n fun Fund transf¢rB In th¢ yeyr r¢preJenl I￿eTn￿l￿ contrlbution to restrided project& CONtINGEi¥T LIABILITIF Bl8 hAV¢ & MandATd sea￿lty ov¢r th¢ leu¢ of3.850 Iquare metrej or thettby al South Shawbg*. lJte of Lew￿ Thi5 security 18 taken by the Big Lott¢ry Fur￿ *# w of the ¢ondliious of 8mt fi￿dIng to dlow ¢Jawba¢k of 8rnni Should Ihw ¢ondiiion$ not k meL 11. RELATED PARTY DLSCLOSURF3 Rlffi Poww O¢n¢rnlion L6mlt¢d is & wlb)Ily ow[￿ tradin8 subJidl•ry of HoTSh•dw C￿nMunity Dmluprn¢ whEth1￿ bepn Mt up by the ¢hvlty to d¢v¢lOpcommw￿ty￿o￿ TenN￿b￿ ¢Kryy proieots. The ¢h•rlty hjs ptovided ioBni to its ￿b￿Ld1￿ in th¢ d¢v¢lopm¢tti of • ty)mmunity wlnd ¢n¢r8y project. TI￿t is ￿￿eduled reptsyment dat¢ the loftn irti¢Mt ￿ 3.5% ab)v¢ rn*. Th¢ baiAnc¢ ofthis lo￿ ￿ 311)K¢mber 2025 w8s £225,08212024- £221,082). Inlereyt chwged on the lo￿ duTill8 th¢ yétr wos £IA61012tr24 - £18,978). The ￿ount¥ owrd th thE ¢hllTlty by thB sub¥Id1￿ It 31 D￿ember 2025 in rEIDtion lo int¢r¢g1 ar¢ £53.458 (2024.. £36,848). DuthB the y¢u ¢nthd 31 De¢¢mb¢r 2025. the chaTIty chvyd Its subJidi•ry £13,93412024: £14.IS9 In telthtlort to r¢N £1200 {2024.. £1.2001 in adminikntion chwr8es for th¢ yetr. The ¢hpxity th r¢<41ved 81ft •nts of £849.36112024.. £693,726) from the iubsidiary durin8 the yew. 21. LIMITED BY GUARANTEE The COTnp2ny is limi*d by Bu￿￿1¢¢ thd no 8hare ¢oplthl. The lilbility of m¢miw in the ¢y¢￿ of the C4)mpw Lxtkng wowLd up Is T¢Jtric*d to £1. PERMANENTENDOWMENTS The th•ritydoeg not hav¢ any ¢ndowrncnt& PD8e 30 31.1125 Totsl 31.1124 U07 Other trndlty lethld BJsort Sal¢s 667.563 667.563 1.01&952 lllvethu¢nt kntomt 3186fy 29 Ch*Tltablt a¢tlvltl¢• Ren￿ In¢4)mE 1127 2.862 9.171 5.4Jl I3.￿1 3,519 2.158 Growln8 ProJ¢¢t Handyman 9.171 4,607 163 ￿10? ￿270 14747 737 21968 Otller IDtom Gain ott SAi¢ of iy4lble Totsl lu¢omthi ve•ouY¢ 704.922 23.122 721044 1.077.979 Other tradlpl Aethltk* Ri￿rt dtr¢dM Risort operAtin8 C Risort charge D¢5Yrfl•￿ort￿ibt• tiuda lJl8 93.067 L518 93.067 1764 90.921 (108.027) 185.028 183.028 75.101 Chirlt•bh a¢tlvltlu W•8e$ SOCI￿ sx P¢n$lons 18.947 1ry640 8J22 1.616 7.465 1.476 191.587 &322 3,555 21,709 15.410 161 J70 oil 2354 3,659 15,588 510 7,681 9,932 1232 427 1366 2IL130 1.939 14244 13.934 Site tttrt Ev¢nts Minibus exFn Repair5 thT￿ renew Tools qyipnent L£gal and ptofes5ional f 5,808 15,890 l iJ99 io. 1.522 11.441 9.877 IB69 287,990 145.5 1414 Pr8e 31 HORSHADER Co1￿ DEVELOPMENr Detalled StstemeDt ofThDalldal A¢tlvltEts- Group f•r iknY¢ar 31 December 2025 31.1125 31.1124 UDMtrid¢d R¢5tricted funds fvnds Charltsbl¢ adlvlll Brought forw￿d Fuel Poverty ptoje¢t rkw¢¢iwion of wibk fixedoy%ts GT&nts to inrtilutions Gr￿ts to individuAIs 145,500 34.500 17.966 68.633 142,490 287.990 34.500 37,227 68.633 212.130 41.458 27.465 13.190 19.261 275,199 161.751 436.950 305.218 Support oorti lrtsurnk¢¢ Light ondheat Tel¢phon¢ R8w and Mwt¢r 1898 2,898 1.472 6,255 10,671 4.196 2.792 2020 ￿147 5,611 4.196 786 4J28 15,369 17.082 Other 4.428 3,720 1.765 894 4,428 3,797 1.922 894 5.019 Trainin8 costy Postsg¢ and StstiOTmy Advertisin8 ond website B4d d¢bts MemEer5hip sub5LTiPtions Sundry¢xp¢ns¢s Bank charges 77 157 1.705 580 1,754 3,295 1497 4,282 ioio 411 4,693 2,010 11,236 646 18,882 17,029 Covern•Dte tojts Audiwrs, remuttr8tion Ac(ountatL¢y #rtd l¢gAi f¢¢s 5,000 5,000 3.500 2671 ￿945 7 671 ￿445 Toty] r¢sources ewn(kd Net in¢om¢ This py do¢s not fDrn ptr(ofd* staw financi￿ stht¢m￿ts Pw32