2025-09-30-accounts

KEGISTRAS

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COMPANY COMPANY REGISTRATION REGISTRATION NUMBER: NUMBER: SC365515 SC365515

CHARITY CHARITY REGISTRATION REGISTRATION NUMBER: NUMBER: SC041414 SC041414

Bute Bute Community Community Land Land Company Company Company Company[Limited] Limited by by Guarantee Guarantee Unaudited Unaudited Financial Financial Statements Statements 30 30 September September 2025 2025

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Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee

Financial Financial Statements Statements Year Year ended ended 30 30 September September 2025 2025

	Page Page
TrusteeS annual report (incorporating the director's report) Trustees’ annual report (incorporating the director's report)	1
Independent examiner's report to the trustees Independent examiner's report to the trustees	8 8
Statement of financial activities (including income and Statement offinancial activities (including income and
expenditure account) expenditure account)	9 9
Statement of financial position Statement offinancial position	10 10
Notes to the financial statements Notestothefinancialstatements	11 11

Bute Bute Community Community Land Land Company Company Company Company Limited Limited by by Guarantee Guarantee Trustees' Trustees’ Annual Annual Report Report (Incorporating (Incorporating[the] the[Director's] Director's Report) Report)

Year Year ended ended 30 30 September September 2025 2025

The The trustees, trustees, who who are are also also the the directors directors[for] for the[the] purposes purposes[of] of company company law, law, present present their their report report and and the the unaudited unaudited financial financial statements statements[of] of the the charity charity[for] for the the year year ended ended 30 30 September September 2025. 2025.

Reference Reference and and administrative administrative details[details]

Registered Registered[charity] charity name name Bute Bute Community Community[Land] Land Company Company Charity Charity[registration] registration number number $C041414 C041414 Company Company[registration] registration number number SC365515 SC365515 Principal Principal[office] office and and registered registered Unit Unit[4,] 4, 9 9 Victoria Victoria Street Street office office C/O C/O Ross Ross and and Co, Co, Accountants Accountants Unit Unit[4,] 4, 9 9 Victoria Victoria Street Street Rothesay, Rothesay,[Isle] Isle of[of] Bute Bute Scotland Scotland ” PA20 PA20 OAJ OAJ

The The trustees trustees

Martin Martin[J] J Caitlin Caitlin Richard Richard[D] D Whitcomb Whitcomb Peter Peter James James Atkins Atkins

Mr Mr Donald Donald J J Murray Murray

Ms Ms Ruth Ruth[Oliver] Oliver (Appointed (Appointed 4 4 October October 2024) 2024)

Dr Dr Peter Peter Tuka Tuka (Served (Served from from 17 17 January January 2025 2025 to[to]

3 3 June June 2025) 2025)

Mr Mr G. G. Pegg Pegg (Served (Served from from 2[2] July July 2025 2025 to[to] 8[8] November November 2025) 2025)

Mr Mr P P Mcdonald Mcdonald (Appointed (Appointed 19 19 February February 2026) 2026)

Nadia Nadia Shaikh Shaikh (Appointed (Appointed 13 13 January January 2026) 2026)

Mr Mr[I] | Baker Baker (Appointed (Appointed[19] 19 November November 2025) 2025)

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Bute Bute Community Community Land Land Company Company Company Company Limited Limited by by Guarantee Guarantee Trustees' Trustees’ Annual Annual Report Report (Incorporating (Incorporating the[the][Director's] Director's Report) Report)[(continued)] (continuea) Year Year ended ended 30 30 September September 2025 2025

Structure, Structure, governance governance and and management management

Governing Governing Document Document

Bute Bute Community Community Land Land Company Company is is a a limited limited company, company, limited limited by by guarantee, guarantee, governed governed by by its its Memorandum Memorandum and and Articles Articles[of] of Association. Association. The The original original document document created created on on incorporation[incorporation] was was amended amended on on 2nd 2nd May May 2010 2010 to[to] accord accord[with] with[its] its charitable charitable objectives. objectives.

Appointment Appointment and[and] Training Training[of] of Board Board Members Members

Membership Membership[of] of the the group group[is] is open open[to] to all[all][residents] residents[of] of the the[Isle] Isle[of] of Bute Bute registered[registered] on on the the electoral electoral roll. roll. The The membership membership elects elects a a Board Board of[of] Directors Directors who who are are responsible responsible[for] for the the management management[of] of the[the] group's group's

assets assets and and income. income. The The Board Board meet meet regularly regularly to[to] manage manage and and direct the direct the affairs affairs of[of] the the group. group. The The Directors Directors[of] of Bute Bute Community Community Land Land Company Company are are also[also] charity Trustees charity Trustees for[for] the the purposes purposes[of] of charity charity law law and and are are elected elected in in accordance accordance with[with] the the Memorandum Memorandum and and Articles Articles of of Association. Association.

The The Board Board may may appoint appoint co-opted co-opted members, members, being being individuals, individuals, institutions institutions or or organisations organisations which which support support[the] the[objectives] objectives[of the] of the group. group. Other Other individuals, individuals, charitable charitable[bodies,] bodies, and and commercial commercial bodies bodies may may

be be invited invited[to] to become become associates associates[of] of the the group. group.

The The Board Board consists consists[of] of voluntary voluntary trustees who trustees who bring[bring] a a diversity diversity[of] of experience from experience from business business and and charity charity work. work. Where Where required required the the group group undertakes undertakes training training for[for] trustees trustees to[to] ensure ensure[that] that they they are are aware aware[of] of the the responsibilities responsibilities[of] of trustees, trustees, the the[organisational] organisational structure structure and and financial financial position position[of] of the the group group and and its its future future plans plans and and objectives. objectives.

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Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee

Trustees’ Trustees' Annual Annual Report Report (Incorporating (Incorporating[the] the[Director's] Director's Report) Report)[(continued)] (continuea)

Year Year ended ended 30 30 September September 2025 2025

Objectives Objectives and and activities activities

Bute Bute Community Community Land Land Company Company has has been been formed formed[to] to benefit benefit the the community community of of the the Isle Isle of of Bute Bute as as defined defined[by] by[all] all postcode postcode units units within within postcode postcode[district] district PA20, PA20,[with] with the the undernoted undernoted[objectives] objectives to[to] be be exercised exercised following following the the principles principles of[of] sustainable sustainable development development (where (where sustainable sustainable development development means means

development development which which meets meets the the needs needs of of the the present present without without compromising compromising the the ability ability of of future future generations generations[to] to meet meet their[their] own own needs). needs).

The The charitable charitable objectives[objectives][of] of Bute Bute Community Community Land Land Company Company are:are:-

To To manage manage community community[land] land and and associated associated assets assets[for] for[the] the benefit benefit of[of] the[the] community community and and the the public public in in general. general.

To To provide,[provide,] or or assist assist in in[providing] providing recreational recreational facilities, facilities, and/or and/or organising organising recreational recreational activities, activities, which which

will will be be available available to to members members of of the the community community and and the the public public[at] at large large with with the the object object of of improving improving the the conditions conditions[of] of life[life] of[of] the the community. community.

To To advance advance[the] the education education[of] of the the community community in in regard regard[to] to its its environment, environment, culture,[culture,] heritage heritage and and history.[history.]

To To advance advance environmental environmental[protection] protection or or improvement improvement including including preservation,[preservation,] and and conservation conservation of[of] the the

natural natural environment, environment, the the maintenance, maintenance, improvement improvement or or provision provision of of environmental environmental amenities amenities for for the the

community community[and/or] and/or the the preservation preservation of[of][buildings] buildings or or sites[sites] of[of] architectural, architectural, historic historic or or other other importance importance[to] to the the community. community.

Volunteers Volunteers

The The group group acknowledges acknowledges the the significant significant assistance assistance provided provided during during the the year year by by volunteers, volunteers, who who

assisted assisted in in the the operation operation of of the the charity charity and and raising raising public public awareness awareness of of its its objectives. objectives.

Strategic Strategic report report The The following following[sections] sections for for achievements achievements and and performance performance and and financial financial review review form form the the strategic strategic

report report[of the] of the[charity.] charity.

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Bute Bute Community Community Land Land Company Company

Company Company[Limited] Limited by by Guarantee Guarantee

Trustees’ Trustees' Annual Annual Report Report (Incorporating (Incorporating[the] the[Director's] Director's Report) Report) (continued)[(continued)]

Year Year ended ended 30 30 September September 2025 2025

Achievements Achievements and and performance performance

The The Year Year under under review review was was another another highly highly successful successful year year for for the the Company Company with with regard regard to to its its charitable charitable objectives. objectives. The The principal principal activities activities[of] of the[the] Company Company for for the the Year Year October October 2024-September 2024-September 2025 2025 were: were:

Community Community Engagement, Engagement, Outdoor Outdoor Learning Learning & & Events Events Programme Programme

• • A A wide-ranging wide-ranging and and extensive extensive events events programme programme including: including:

Autumn Autumn['24/Wlnter] ‘24/Winter['25] ‘25

o o Pumpkin Pumpkin Carving[Carving][Halloween] Halloween family[family][event] event

o o Christmas[Christmas] Community Community Shelter Shelter event event

o o[(Second)] (Second) Biofluorescence Biofluorescence[Night] Night walk walk — — David David Atthowe Atthowe

o o Market[Market] Stalls Stalls (Bute (Bute Yard) Yard)

Spring Spring['25/Summer] ‘25/Summer['25] ‘25

0 o (Second) (Second)[Writing] Writing[in] in the Woods the Woods[(the] (the Story[Story] Wagon) Wagon) o o Roundhouse Roundhouse Opening Opening Event Event o o Flora Flora Foray Foray — — plant plant ID ID event event o o Bushcraft Bushcraft[Survival] Survival (with[(with] Achievement Achievement[Bute)] Bute) o o Attendance Attendance at[at] ButeFest ButeFest and and Wemyss Wemyss Bay Bay station station[celebration] celebration event event o 0 Balnakailly Balnakailly[Fire] Fire Damage Walk Damage Walk (community (community[information] information walk) walk) o o (Annual) (Annual) Fungi Fungi Foray Foray 2025 2025 — — Dr Dr Paul Paul Thomas Thomas

• • Continuation Continuation of of volunteer volunteer 'Blether ‘Blether & & Brew’ Brew Days Days to to support support mental mental and and physical physical well-being well-being - - Regular Regular volunteer volunteer days days for for skills skills development development and and to to support support Moss Moss Wood Wood infrastructure infrastructure (boardwalks, (boardwalks, steps, steps, fire-beaters fire-beaters[etc.)] etc.) - - (Once (Once again), again), delivering delivering Outdoor Outdoor Learning Learning for for EVERY EVERY schoolchild schoolchild aged aged 3-11 3-11 on on the the island island (some (some 400 400 pupils, pupils, across across more more than[than][1,000] 1,000 sessions) sessions)

• • Start Start of of the the WWII VVVVII Bunker Bunker Project Project in in Balnakailly Balnakailly (community (community artists-led artists-led project. project.

Woodland Woodland Management Management

(The (The year year has has been been challenging challenging given given the the fire fire damage damage to to 10% 10% of of Balnakailly Balnakailly (and (and 5% 5% of of the the overall overall Community Community Forest, Forest, some some[8] 8 hectares)[hectares)] in in[early] early[April] April 2025, 2025, as as[well] well as as storm storm damage damage to[to] existing existing[Sitka] Sitka spruce spruce[stands,] stands,[notably] notably[from] from[Storm] Storm[Eowyn)] Eowyn)

• • Planting Planting of of 400 400 Scots Scots Pine Pine at at Bullochreg, Bullochreg, to to replace replace weevil-damaged weevil-damaged pine pine trees trees in in our our replanting replanting area area (via[(via][a] a[Community] Community[Planting] Planting[day)] day)
• • Initial Initial investigation investigation and and soil soil testing testing to to determine determine whether whether translocation translocation of of bryophytes bryophytes etc. etc. is is possible possible into into the the fire-damaged fire-damaged areas areas
• • elective elective removal removal of of windblow, windblow, where where this this has has caused caused access access issues. issues.

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Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee

Trustees' Trustees’ Annual Annual Report Report (Incorporating (Incorporating the[the][Director's] Director's Report) Report) (continued)[(continued)]

Year Year ended ended 30 30 September September 2025 2025

• • Submission Submission of[of] the the felling felling permission permission for for Tawnich Tawnich Woods Woods[(our] (our area area of[of] remaining remaining Sitka Sitka spruce spruce

plantation plantation which which is is ready ready to to be be harvested harvested (2026-2027). (2026-2027).

New New Infrastructure Infrastructure

• • New New boardwalks boardwalks and and path path improvements improvements at at Moss Moss Wood Wood (Poetry (Poetry Trail, Trail, and and newly newly created created Bird Bird Trail, Trail, relocated relocated from from Balnakailly). Balnakailly). This This includes includes new new interpretation interpretation board board featuring featuring local local wildlife wildlife

photographer photographer John John Williams.[Williams.]

• • Appointment Appointment of of QS-led QS-led Design Design Team Team and and early early design design work work for for the the new new Welcome Welcome Hub Hub & & Car Car Park Park on on the the former former quarry quarry site site[at] at Shalunt Shalunt - - Continued Continued operation operation of the of the 2 2 off-grid off-grid huts. huts.

Partnership Partnership Working Working

• Ongoing Ongoing local local[(e.g] (e.g[Bute] Bute Conservation Conservation Trust, Trust, Achievement Achievement[Bute),] Bute),[regional] regional (Argyll (Argyll Countryside Countryside Trust) Trust) and and national national (Community (Community Woods Woods Association) Association) partnership partnership working. working.

• • Including Including speaking speaking at at the the Community Woodlands Community Woodlands Association Association Conference Conference - - Hosting Hosting visits, visits, including: including:

o o[Sardinia] Sardinia International International School School o o Rutgers Rutgers University University o o Ariane Ariane Burgess Burgess MSP MSP o o Scottish Scottish Regeneration Regeneration Forum Forum (SURF) (SURF)

The The above above activities activities have have been been[facilitated] facilitated and and driven driven forward forward[by] by our our[2.4] 2.4[Full] Full Time Time Equivalent Equivalent (FTE) (FTE)

Posts Posts (note,[(note,][for] for[6] 6 months, months, the the FTE FTE was was 1.0,[1.0,][for] for the the second second[six] six months, months, the the FTE FTE was was 2.4): 2.4): - - Samuel Samuel Lindsay, Lindsay, our our ecologist ecologist and and ranger ranger (1.0 (1.0 FTE), FTE),

• • our our Delivery Delivery Resource Resource (0.6 (0.6 FT FTE),[E),] as as part part of of our our 3-year 3-year Funding Funding from from Scottish Scottish Government, Government, administered administered[by] by[HIE] HIE[(from] (from March March 2025) 2025) - - our our Heritage Heritage Project Project Co-ordinator Co-ordinator (0.6 (0.6 FTE), FTE), as as patt part of of our our 2-year 2-year Funding Funding from from The The National National[Lottery] Lottery Heritage Heritage Fund Fund[(from] (from[April] April 2025). 2025).

The The Winter Winter Garden Garden

In In January January 2025 2025 BCLC BCLC expressed expressed an an interest interest to to Visit Visit Scotland Scotland in in the the Winter Winter Garden. Garden. Visit Visit Scotland Scotland had had announced announced the[the] closure closure[of] of its[its][Information] Information Centres[Centres] (including (including the the Winter Winter[Garden)] Garden) however however the the community community had had a a strong strong[desire] desire[to] to retain[retain] the the cinema. cinema.

BCLC BCLC therefore therefore set set up up a a steering steering group group specifically specifically to to explore explore the the possibilities possibilities of of saving saving the the Grade Grade A A Listed Listed building building[for] for the the community community and and retaining the retaining the cinema. cinema. In In February February 2025 2025 BCLC BCLC carried carried out out a a consultation consultation and and open open meetings meetings with with local local residents. residents. Over Over 1100 1100 questionnaires questionnaires were were[returned] returned[with] with 98.4% 98.4%[of] of respondents respondents[in] in favour favour of[of] the[the] proposal proposal[to] to develop develop the the Winter Winter Garden Garden as as an an enhanced enhanced cinema cinema[with] with[arts,] arts, entertainment entertainment and and associated associated facilities. facilities.

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Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee

Trustees’ Trustees' Annual Annual Report Report (Incorporating (Incorporating[the] the[Director's] Director's Report) Report)[(continued)] (continued)

Year Year ended ended 30 30 September September 2025 2025

We We have have since since developed developed a a Business Business Plan Plan (to (to[chart] chart the the ongoing ongoing operation operation of[of] the the building) building) and and sought sought Scottish Scottish Land Land Fund Fund monies monies to to acquire the acquire the building building (on (on the the basis basis of of the the submitted submitted Business Business Plan). Plan).

Financial Financial[review] review Reserves Reserves[Policy] Policy

The The Unrestricted Unrestricted reserves reserves as as of[of] 30 30 September September 2025 2025 are are €56,576. £56,576. The The charity's charity's policy policy is[is] to[to] have have reserves reserves[equal] equal[to] to[approximately] approximately[3] 3[months] months operating[operating][costs] costs[to] to cover cover[commitments] commitments as as[they] they[fall] fall[due.] due.

Three Three months months costs[costs] based based on on current[current] expenditure expenditure levels levels equates equates[to] to around around £9,000.[€9,000.] The The Trustees Trustees therefore therefore currently currently hold hold reserves above reserves above[their] their target. target.

Plans Plans for[for] future future periods periods

The The next next stage stage[of] of developing developing the the Quarry Quarry Site Site car car park park and and welcome welcome hub hub is is now now underway, underway,[with] with the the

professional professional team team appointed appointed to to develop develop the the detailed detailed plans plans and and oversee oversee the the works, works, with with the the planning planning application application submitted submitted[February] February[2026.] 2026. There There was was a a slight slight delay delay[in] in the[the] submission submission of[of] the[the] planning planning application application to to allow allow project project re-design re-design (to (to avoid avoid some some contamination contamination on on site). site). We We are are hopeful hopeful[of] of construction construction on-site on-site[during] during[2026-2027.] 2026-2027.

The The further further replanting replanting programme programme of of the the felled felled area area at at Bullochreg Bullochreg is is anticipated, anticipated, including including the the remaining remaining mounded mounded area area on on the[the] lower lower[slopes.] slopes. The The finalisation finalisation of of the the Balnakailly Balnakailly Woodland Woodland Management Management Plan Plan (and (and Deer Deer Management Management Plan) Plan) is is expected expected in in 2026-2027. 2026-2027.

The The charity charity said[said] a a[fond] fond farewell farewell[to] to Samual Samual Lindsay Lindsay (Octobet (Octobet 2025) 2025) who who has has taken taken up up a a post post as as Reserve Reserve Warden Warden for for the the RSPB RSPB[at] at Loch Loch Leven. Leven. We We[will] will endeavour endeavour to[to] continue continue some some form form of[of] Forest Forest Schools Schools programme programme (although (although this this may may be be reduced). reduced). However, However, extensive extensive community community engagement engagement programmes programmes[are] are being[being][developed] developed[as] as[part] part of[of][ the] the[National] National[Lottery] Lottery[Heritage] Heritage Fund[Fund][project,] project,[including] including an an Archaeology Archaeology programme, programme,[the] the Bunker Bunker[art] art project, project, as as[well] well as as work work[with] with Secondary Secondary school school pupils pupils in in Balnakailly Balnakailly near near[to] to the the Kayak Kayak Shelter. Shelter.

We We expect expect[to] to acquire acquire the the Winter Winter Garden Garden[in] in 2026-2027 2026-2027 following following approval approval of[of][Scottish] Scottish Land Land Fund Fund

monies monies[to] to acquire acquire the the building. building. For For the the[first] first[6] 6 months months[(of] (of 2026-2027) 2026-2027)[BCLC] BCLC[will] will operate operate the the cinema cinema under under[license] license to[to] Visit Visit[Scotland,] Scotland, including including the the recruitment recruitment of[of] 2[2][part-time] part-time staff staff and and volunteers. volunteers.

BCLC BCLC remains remains[excited] excited about about the the[opportunities] opportunities to[to] take take forward forward the the Community Community Forest Forest and and Winter Winter Garden Garden activities activities[with] with the the engagement engagement and and support support[of the] of the[local] local community. community.

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Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee

Trustees’ Trustees' Annual Annual Report Report (Incorporating (Incorporating[the] the[Director's] Director's Report) Report)[(continued)] (continued) Year Year ended ended 30 30 September September 2025 2025

The The trustees' trustees' annual annual[report] report and and the[the] strategic strategic[report] report were were approved approved on on 19 19 March March 2026 2026 and and signed signed on on j) behalf the board[of] oftrustees trustees by: by:

Richard Richard D[D] Whitcomb Whitcomb Trustee Trustee

Charity Charity Secretary Secretary

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Bute Bute Community Community Land Land Company Company Company Company Limited Limited by by Guarantee Guarantee

Independent Independent Examiner's Examiner's Report Report to to the the Trustees Trustees of of Bute Bute Community Community Land Land Company Company

Year ended Year ended 30[30] September September 2025 2025 | I report report on on the the accounts accounts of of the the charity charity for for the the year year ended ended 30 30 September September 2025 2025 which which are are set set out out on on pages pages[1] 1[to] to[22.] 22.

Respective Respective responsibilities[responsibilities] of of trustees trustees and and examiner examiner

The The charity's charity's trustees trustees (who (who are are also also the the directors directors of of the the company company for for the the purposes purposes of of company company law) law) are are responsible[responsible][for] for[the] the[preparation] preparation[of the] of the accounts accounts in in accordance accordance with with the the terms terms of[of] the the Charities Charities and and Trustee Trustee Investment[Investment][(Scotland)] (Scotland) Act Act 2005[2005] and and the the Charities Charities Accounts Accounts[(Scotland)] (Scotland) Regulations Regulations 2006 2006 (as (as amended). amended). The The charity charity trustees trustees consider consider that that the the audit audit requirement requirement of of Regulation Regulation 10(1) 10(1) (a) (a) to to (c) (c) of of the the 2006 2006 Accounts Accounts Regulations Regulations does does not not apply. apply.[It] It is is my my responsibility responsibility to to examine examine the the accounts as accounts as required required under under[section] section 44(1)[44(1)] (c)[(c)] of[of] the the Act Act and and to[to] state state whether whether[particular] particular matters matters have have come come to to my my attention. attention.

Basis Basis of of independent independent examiner's examiner’s statement statement

My My examination examination is is carried carried out out in in accordance accordance with with Regulation Regulation 11 11[of] of the the 2006 2006 Accounts Accounts Regulations. Regulations. An An examination examination[includes] includes a a review[review][of the] of the accounting accounting[records] records kept[kept] by by[the] the charity charity and and a a comparison comparison[of] of the the accounts accounts presented presented[with] with those those[records.] records. It It also also includes includes consideration consideration of of any any unusual unusual items items or or disclosures disclosures[in] in[the] the accounts,[accounts,][and] and seeks seeks[explanations] explanations from from[the] the trustees trustees concerning concerning any any such such matters. matters. The The procedures procedures undertaken undertaken do do not not provide provide all all the the evidence evidence[that] that would would be be required required in in an an audit, audit, and and consequently consequently[I] | do[do] not not express express an an audit[audit] opinion[opinion] on on[the] the view view[given] given by by the the accounts. accounts.

Independent Independent examiner's examiner’s statement statement

• In In the the course course of of my my examination, examination, no no matter matter has has come come to to my my attention attention 1. 1. which which[gives] gives me me reasonable reasonable cause cause[to] to believe believe that[that] in in any any material material respect respect the the requirements: requirements: e to to keep keep accounting accounting records records in in accordance accordance with with Section Section 44(1) 44(1) (a) (a) of of the the 2005 2005 Act Act and and Regulation Regulation[4] 4 of[of] the[the] 2006 2006 Accounts Accounts Regulations Regulations

• • e to to prepare prepare accounts accounts which which accord accord with with the the accounting accounting records records and and comply comply with with Regulation Regulation 8 8 of of the the 2006 2006 Accounts Accounts Regulations Regulations

• have have not not been been met, met, or or 2. 2. to to which, which, in in my my opinion, opinion, attention attention should should be be drawn drawn in in order order to to enable enable a a proper proper understanding understanding of of the the accounts accounts to to be be reached. reached.

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J.R.B. J.R.B. Ross Ross B.A., B.A., C.A, c.A, Chartered Chartered Accountant Accountant Unit Unit 4,[4,] 9[9] Victoria[Victoria] Street Street Rothesay Rothesay PA20 PA20 OAJ OAJ

19 19 March March 2026 2026

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Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee Statement Statement of of[Financial] Financial Activities Activities (including (including income income and and expenditure expenditure account) account)

Year Year ended ended 30 30 September September 2025 2025

			2025 2025		2024 2024
		Unrestricted funds Unrestricted funds	Restricted funds Restricted funds	Total funds Totalfunds	Total funds Total funds
	Note Note	£	£	£	£
Income and endowments Income and endowments
Donations and legacies Donations and legacies	5 5	41 ,225 41,225	178,817 178,817	220,042 220,042	26,868 26,868
Charitable activities Charitable activities	6 6	9,066 9,066	-	9,066 9,066	10,020 10,020
Other trading activities Othertrading activities	7 7	1,748 1,748	-	1,748 1,748	-
Investment income Investment income	8 8	538 538	-	538 538	657 657
Other income Other income	9 9	21 21	-	21 21	-
Totalincome Total income		52,598 52,598	178,817 178,817	231,415 231,415	37 ,545 37,545
Expenditure Expenditure
Expenditure on raising funds: Expenditure on raising funds:
Costs of raising donations and Costs of raising donations and
legacies legacies	10 10	840 840	-	840 840	-
Expenditureoncharitable activities Expenditure on charitable activities	11,12 11,12	43,608 43,608	52,147 52,147	95,756 95,756	96,651 96,651
Total expenditure Total expenditure		44,448 44,448	52,147 52,147	96,596 96,596	96,651 96,651
Net income/(expenditure) Net income/(expenditure)		8,150 8,150	126,670 126,670	134,819 134,819	(59,106) (59,106)
Transfers betweenfunds Transfers between funds		10,699 10,699	(10,699) (10,699)	-	-
Net movement in funds Netmovement in funds		18,849 18,849	115,971 115,971	134,819 134,819	(59,106) (59,106)
Reconciliationoffunds Reconciliation offunds
Total funds brought forward Total funds broughtforward		37,727 37,727	473,925 473,925	511,652 511,652	570,758 570,758
Totalfunds carried forward Totalfundscarriedforward		56,576 56,576	589,896 589,896	646,472 646,472	511 ,652 511,652

The statement The statement of[of] financial financial activities activities includes includes[all] all gains gains and and losses losses recognised recognised[in] in the the year. year. All All income income and and expenditure expenditure derive derive[from] from continuing continuing activities. activities.

The The notes notes on on pages pages 11 11 to to 22 22 form form part part of these of these financial financial statements. statements.

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Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee

Statement Statement of of[Financial] Financial Position Position 30 30 September September 2025 2025

		2025 2025		2024 2024
	Note Note	£	£	2
Fixed assets Fixed assets
Tangiblefixed assets Tangible fixed assets	18 18		538,789 538,789	488,058 488,058
Current assets Current assets
Debtors Debtors	19 19	14,811 14,811		17,011 17,011
Cash at bankand in hand Cash at bank and in hand		100,612 100,612		8,083 8,083
		115,423 115,423		25,094 25,094
Creditors: amounts falling due within oneyear Creditors: amounts falling due within one year	20 20	7,740 7,740		1 ,500 1,500
Net current assets Net current assets			107,683 107,683	23,594 23,594
Total assets less current liabilities Total assets less current liabilities			646,472 646,472	511 ,652 511,652
Net assets Net assets			646,472 646,472	511 ,652 511,652
Funds ofthe charity Funds ofthe charity
Restricted funds Restricted funds			589,896 589,896	473,925 473,925
Unrestricted funds Unrestricted funds			56,576 56,576	37,727 37,727
Total charity funds Totalcharityfunds	21 21		646,472 646,472	511,652 511,652

For For[the] the year year ending ending 30 30 September 2025 September 2025[the] the charity charity was was[entitled] entitled[to] to exemption exemption from from audit audit under under[section] section 477 477[of] of the the Companies Companies[Act] Act 2006 2006 relating relating[to] to[small] small companies. companies.

• Directors' Directors' responsibilities: responsibilities: ° The The members members have have[not] not required required[the] the company company[to] to obtain[obtain] an an audit audit[of] of[its] its financial financial statements statements[for] for the the year year in[in] question question[in] in[accordance] accordance with[with] section[section] 476; 476;

• • e The The directors directors acknowledge acknowledge[their] their responsibilities responsibilities for for complying complying with[with] the[the] requirements requirements[of] of the the Act Act with with respect respect to to accounting accounting records records and and the the preparation preparation of of financial financial statements. statements.

• These These financial financial statements statements have have been been prepared prepared[in] in accordance accordance with with the the provisions provisions applicable applicable to to companies companies subject subject[to] to the the[small] small companies' companies' regime. regime. These These financial financial statements statements were were approved approved[by] by[the] the board[board][of] of trustees trustees and and authorised authorised for for issue[issue] on on[19] 19 March March 2026,[2026,] and and are are signed signed on on behalf behalf of[of] the the[board] board[by:] by:

Richard Richard D[D] Whitcomb Whitcomb Trustee Trustee

The The notes notes on on pages pages[11] 11 to to[22] 22 form form part part of of these these[financial] financial statements. statements. -10- 10 -

Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee

Notes Notes[to] to the the[Financial] Financial Statements Statements

Year Year ended ended 30 30 September September 2025 2025

1. 1. General General information information

The The charity charity is is a a public public benefit benefit entity entity and and a a private private company company limited limited by by guarantee, guarantee,[registered] registered in in

Scotland Scotland and and a a[registered] registered charity charity in in[Scotland.] Scotland. The The address address[of] of the the[registered] registered office office is is Unit[Unit] 4,[4,] 9 9 Victoria Victoria Street, Street, C/O C/O Ross Ross and and Co, Co, Accountants, Accountants,[Unit] Unit[4,] 4,[9] 9 Victoria Victoria Street, Street, Rothesay, Rothesay, Isle Isle of[of] Bute, Bute,

Scotland, Scotland, PA20 PA20 OAJ. OAJ. 2. 2. Statement Statement of of compliance compliance

These These financial financial statements statements have have been been prepared prepared[in] in compliance compliance with[with] FRS FRS 102,[102,] 'The ‘The[Financial] Financial Reporting Reporting Standard Standard applicable applicable in in the the UK UK and and the the Republic Republic of of Ireland', Ireland', the the Statement Statement of of

Recommended Recommended Practice Practice applicable applicable[to] to charities charities preparing preparing their their accounts accounts in in accordance accordance[with] with the the

Financial Financial Reporting Reporting Standard Standard applicable applicable in in the the UK UK and and Republic Republic of of Ireland Ireland (FRS (FRS 102) 102) (Charities (Charities

SORP SORP (FRS[(FRS] 102))[102))] and and[the] the[Companies] Companies[Act] Act[2006.] 2006.

1. 1. Accounting Accounting policies policies

Basis Basis of of preparation[preparation]

The The financial financial statements statements have have been been prepared prepared on on the the historical historical cost cost[basis,] basis, as as modified modified by by the[the] revaluation revaluation of[of] certain certain financial financial assets assets and and liabilities liabilities and and investment investment properties[properties] measured measured at[at] fair fair value value through through income income or or expenditure. expenditure. The The financial financial statements statements are are prepared prepared[in] in sterling, sterling, which which[is] is the the functional functional currency currency of[of the] the entity. entity.

Going Going concern concern

There There are are no no[material] material uncertainties about the uncertainties about the charity's charity's ability ability[to] to[continue.] continue.

Judgements Judgements[and] and key[key] sources sources[of estimation] of estimation[uncertainty] uncertainty

The The preparation preparation of of the the financial financial statements statements requires requires management management to to make make judgements, judgements, estimates estimates and and assumptions assumptions that[that] affect affect the the amounts amounts[reported.] reported. These These estimates estimates and and judgements judgements

are are continually continually reviewed reviewed and and are are based based on on experience experience and and other other factors, factors, including including expectations expectations

of of future future events events that that are are believed believed to to be be reasonable reasonable under under the the circumstances. circumstances. Significant Significant judgements judgements The The judgements judgements (apart (apart from from those those involving involving estimations) estimations) that that management management has has

made made[in] in the the process process of of applying applying the the entity's entity's accounting accounting policies policies and and that that have have the the most most significant significant effect effect on on the the amounts amounts recognised recognised[in] in the the financial financial statements statements are are as as[follows:] follows:

There There have have been been not not significant judgements significant judgements made made by[by] management management[in] in the the process process of[of] applying applying the the

entity's entity's accounting accounting policies. policies. Key Key sources sources of[of] estimation estimation[uncertainty] uncertainty

Accounting Accounting estimates estimates and and assumptions assumptions are are made made concerning concerning the the future future and, and, by by their[their] nature, nature, will will rarely rarely equal equal the the[related] related actual[actual] outcome. outcome. The The key[key] assumptions[assumptions] and and other other sources sources[of] of estimation estimation uncertainty uncertainty that that have have a a significant significant risk risk of of causing causing a a material material adjustment adjustment to to the the carrying carrying amounts amounts of of assets assets and and liabilities liabilities within the within the next next financial financial year year are are as as follows: follows:

There There are are no no[material] material assumptions assumptions and and[other] other sources sources[of] of estimation estimation[uncertainty] uncertainty[that] that have have a a significant significant risk risk of[of] causing causing a a material[material] adjustment adjustment[to] to the the[carrying] carrying amounts amounts of[of] assets assets and and liabilities liabilities within within the the next next financial financial year. year.

-11-1-

Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee

Notes Notes to[to] the the[Financial] Financial Statements Statements (continueg)[(continued)]

Year Year ended ended 30 30 September September 2025 2025

1. 1. Accounting Accounting policies policies[(continued)] (continued) Fund Fund accounting accounting

Unrestricted Unrestricted[funds] funds are are[available] available[for] for use use[at] at the the discretion discretion[of] of the the[trustees] trustees[to] to further further any any[of] of the the charity's charity's purposes. purposes.

Designated Designated funds funds are are unrestricted unrestricted funds funds earmarked earmarked by by the the trustees trustees for for particular particular future future project project or or commitment. commitment.

Restricted Restricted funds funds are are subjected subjected to to restrictions restrictions on on their their expenditure expenditure declared declared by by the the donor donor or or through through the the terms terms of[of] an an appeal, appeal, and and[fall] fall[into] into one one[of] of two two sub-classes: sub-classes: restricted restricted income income funds funds or or endowment endowment[funds.] funds.

Incoming Incoming resources resources

• All All incoming incoming resources resources are are included included in in the the statement statement[of] of financial financial activities activities when when entitlement[entitlement] has has passed passed[to] to the the[charity;] charity;[it] it is is probable probable[that] that the the economic economic[benefits] benefits associated associated[with] with the the[transaction] transaction will will flow flow[to] to the the charity charity and and the the amount amount can can be be reliably[reliably] measured. measured. The The following following specific specific policies policies are are[applied] applied[to] to particular particular categories categories[of] of income: income: ° income income[from] from donations donations or or grants grants is[is] recognised recognised when when there[there][is] is evidence evidence[of] of entitlement[entitlement] to[to] the[the] gift, gift, receipt receipt is is probable probable and and its its amount amount can can be be measured measured reliably. reliably.

• e legacy legacy income income[is] is recognised recognised when when receipt receipt is is probable probable and and entitlement[entitlement] is is established.[established.] e income income from[from] donated donated goods goods[is] is measured measured at at the the fair fair value value of of the the goods goods unless unless this this is is impractical impractical[to] to measure measure reliably, reliably,[in] in which which case case the the value value is is derived derived from from the[the] cost cost[to] to[the] the donor donor or or the[the] estimated estimated resale resale[value.] value. Donated Donated facilities facilities and and services services are are recognised recognised in in the the accounts accounts when when received received[if] if the[the] value value can can be be[reliably] reliably measured. measured. No No amounts amounts are are included included for[for] the the contribution contribution[of] of general general[volunteers.] volunteers.

• ° income income[from] from contracts[contracts] for for the the supply supply of[of] services services is is recognised recognised with[with] the the[delivery] delivery of[of] the[the] contracted contracted service. service. This This is[is] classified classified as as unrestricted unrestricted funds funds unless unless there there is is a a[contractual] contractual requirement requirement[for] for[it] it to[to] be[be] spent spent on on a a particular particular purpose purpose and and[returned] returned[if] if unspent, unspent, in in which which case case it it may may be be regarded regarded as as restricted. restricted.

• -12 - 12 -

Bute Bute Community Community Land Land Company Company .

Company Company Limited Limited by by Guarantee Guarantee

Notes Notes to[to] the the[Financial] Financial Statements Statements[(continued)] (continueg)

Year Year ended ended 30 30 September September 2025 2025

1. 1. Accounting Accounting policies policies[(continued)] (continued) Resources Resources[expended] expended

2. Expenditure Expenditure is[is] recognised recognised on on an an accruals accruals basis basis as as a a liability[liability] is is incurred. incurred. Expenditure Expenditure[includes] includes any any VAT VAT[which] which[cannot] cannot be[be][fully] fully recovered, recovered, and and[is] is[classified] classified[under] under[headings] headings of[of] the the statement statement of[of] financial financial activities activities[to] to which which it[it] relates: relates: e expenditure expenditure on on raising raising funds funds includes includes the the costs costs of of all all fundraising fundraising activities, activities, events, events, non-charitable non-charitable trading[trading] activities, activities, and and[the] the[sale] sale of[of] donated donated goods. goods.

3. ° expenditure expenditure on on charitable charitable activities activities[includes] includes[all] all costs costs[incurred] incurred[by] by a a charity charity[in] in undertaking undertaking activities activities[that] that further further[its] its charitable charitable aims aims for for the[the] benefit benefit[of] of[its] its beneficiaries, beneficiaries, including including those those support support costs costs and and costs costs relating relating[to] to the the governance governance[of] of the the charity charity apportioned apportioned[to] to charitable charitable activities. activities.

4. ° other other expenditure expenditure includes includes all all expenditure expenditure that that is is neither neither related related to to raising raising funds funds for for the the charity charity nor nor part[part of] of[ its] its expenditure expenditure on on charitable charitable activities. activities.

5. All All costs costs are are allocated allocated to[to] expenditure expenditure categories categories reflecting reflecting the the use use[of] of the the resource. resource. Direct Direct costs[costs] attributable attributable[to] to a a[single] single activity[activity] are are allocated allocated directly directly[to] to[that] that activity. activity. Shared Shared costs costs are are apportioned apportioned between between the[the] activities they activities they contribute[contribute][to] to on on a a reasonable, reasonable,[justifiable] justifiable and and consistent consistent basis.[basis.]

Tangible Tangible[assets] assets

Tangible Tangible assets assets are are initially initially recorded recorded at at cost, cost, and and subsequently subsequently stated stated at at cost cost less less any any accumulated accumulated depreciation depreciation and and impairment impairment losses.[losses.] Any Any tangible tangible assets assets carried carried at at revalued revalued amounts amounts are are recorded recorded at at the the fair fair value value at at the the date date of of revaluation revaluation less less any any subsequent subsequent accumulated accumulated depreciation depreciation and and subsequent subsequent accumulated accumulated impairment impairment[losses.] losses. An An increase increase in[in] the the[carrying] carrying amount amount[of] of an an asset asset as as a a result result[of] of a a revaluation,[revaluation,] is is recognised recognised[in] in other[other] recognised recognised gains gains and and[losses,] losses, unless unless[it] it reverses reverses a a charge charge[for] for impairment impairment[that] that has has previously previously been been recognised recognised as as expenditure expenditure within within the the statement statement[of] of financial financial activities. activities. A A[decrease] decrease in[in][the] the carrying carrying amount amount[of] of an an asset asset as as a a result result[of] of revaluation, revaluation, is is recognised recognised in[in] other other recognised recognised gains gains and and losses,[losses,] except except[to] to which which[it] it offsets offsets any any previous previous revaluation revaluation gain, gain,[in] in which which case case the the loss[loss] is is shown shown within within other other recognised recognised gains gains and and losses losses on on the the statement statement of of financial financial activities. activities. Depreciation Depreciation Depreciation Depreciation[is] is[calculated] calculated so so as as[to] to write write[off] off the the cost cost or or[valuation] valuation[of] of an an[asset,] asset,[less] less its[its] residual residual value, value, over over the the[useful] useful economic economic life[life] of[of that] that asset asset as as follows: follows: Cost Cost of[of] Huts Huts - 10% 10% straight straight line line Cost Cost of[of] Community Community[Shelter] Shelter - 10% 10% straight straight line line Plant Plant & & Machinery Machinery - 20% 20% reducing reducing balance balance Bike Bike[Storage] Storage Area Area - 10% 10% straight straight line line

• Impairment Impairment of of fixed[fixed] assets assets

A A review review[for] for indicators indicators[of] of[impairment] impairment[is] is carried carried out out[at] at[each] each[reporting] reporting[date,] date,[with] with the[the] recoverable recoverable amount amount being being estimated estimated where where such such indicators indicators[exist.] exist. Where Where the the carrying[carrying] value value exceeds exceeds the the

recoverable recoverable amount, amount, the the asset asset is is impaired impaired[accordingly.] accordingly. Prior Prior impairments impairments are are also[also] reviewed reviewed for for possible possible[reversal] reversal at[at] each each[reporting] reporting[date.] date.

-13- 13 -

Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee

Notes Notes to[to] the the[Financial] Financial Statements Statements (continueg)[(continued)] Year Year ended ended 30 30 September September 2025 2025

1. 1. Accounting Accounting policies policies[(continued)] (continued) Impairment Impairment of of fixed[fixed] assets assets[(continued)] (continued) For For the the purposes purposes of of impairment impairment testing, testing, when when it it is is not not possible possible to to estimate estimate the the recoverable recoverable amount amount of of an an individual individual asset, asset, an an[estimate] estimate is is made made of of the the recoverable recoverable amount amount of of the the cash-generating cash-generating unit unit to to which which the the asset asset belongs. belongs. The The cash-generating cash-generating unit unit is is the the smallest smallest identifiable identifiable group group[of] of assets assets that[that] includes includes the the asset asset and and generates generates cash cash inflows inflows that that largely largely independent independent[of] of the the cash cash[inflows] inflows from from other other assets assets or or groups groups of[of ] assets. assets. For For[impairment] impairment[testing] testing[of] of goodwill, goodwill, the the[goodwill] goodwill acquired acquired[in] in a a business business combination combination is,[is,][from] from the the acquisition acquisition date,[date,] allocated allocated[to] to each each[of] of the the cash-generating cash-generating units units[that] that are are expected expected to[to] benefit benefit from[from] the the synergies synergies[of] of the the combination, combination, irrespective irrespective of[of] whether whether other other assets assets or or liabilities liabilities of[of] the the charity charity are are assigned assigned[to] to those those units.[units.]

Financial Financial[instruments] instruments A A financial[financial] asset asset or[or] a a[financial] financial liability liability is is recognised recognised only[only] when when the the charity charity becomes becomes a a[party] party[to] to the[the] contractual contractual provisions provisions of of the the instrument. instrument. Basic Basic financial financial instruments instruments are are initially[initially] recognised recognised[at] at the the amount amount receivable receivable or or payable payable including including any any related[related][transaction] transaction costs. costs. Current Current assets assets and and current current liabilities liabilities are are subsequently subsequently measured measured at at the the cash cash or or other other consideration consideration[expected] expected[to] to be[be] paid paid or or received received and and[not] not discounted. discounted. Debt Debt instruments instruments are are subsequently subsequently measured measured[at] at amortised amortised cost. cost. Where Where investments investments in in shares shares are are publicly publicly traded traded or or[their] their fair fair value value can can otherwise otherwise be be measured measured reliably, reliably, the the investment investment is is subsequently subsequently measured measured at at fair fair value value with with changes changes in in fair fair value value recognised recognised[in] in income income and and expenditure. expenditure. All All[other] other such such investments investments are are subsequently subsequently measured measured at[at] cost cost less less impairment. impairment. Other Other financial financial[instruments,] instruments, including including derivatives, derivatives, are are initially initially recognised recognised[at] at fair fair[value,] value, unless unless payment payment for[for] an an asset asset[is] is deferred deferred beyond beyond[normal] normal business business terms terms or or financed financed[at] at a a[rate] rate of[of] interest interest that that is is not not a a market market rate, rate, in in which which case case the the asset asset is is measured measured at at the the present present value value of of the the future future payments payments discounted discounted[at] at a a[market] market[rate] rate of[of] interest interest[for] for a[a] similar similar debt[debt][instrument.] instrument. Other Other financial financial instruments instruments are are subsequently subsequently measured measured at at fair fair value, value, with with any any changes[changes] recognised recognised[in] in the[the] statement statement[of] of financial financial activities, activities, with[with] the the exception exception of[of][hedging] hedging instruments instruments[in] in a a designated designated[hedging] hedging relationship. relationship. Financial Financial assets assets that that are are measured measured at at cost cost or or amortised amortised cost cost are are reviewed reviewed for for objective objective evidence evidence of of impairment impairment at at the the end end of of each each reporting reporting date. date. If If there there is is objective objective evidence evidence of of impairment, impairment, an an impairment impairment[loss] loss is is recognised recognised under under the[the] appropriate appropriate heading heading in in the the statement statement of of financial financial activities activities in[in] which the which the[initial] initial gain gain was was recognised. recognised.

For For all all equity equity instruments instruments regardless regardless of of significance, significance, and and other other financial financial assets assets that that are are individually individually[significant,] significant,[these] these are are assessed assessed individually individually for[for] impairment. impairment. Other Other financial financial assets assets are are either either assessed assessed individually individually or or grouped grouped on on the the basis basis[of] of similar similar credit credit risk risk characteristics. characteristics.

Any Any reversals[reversals][of] of impairment impairment are are recognised recognised immediately, immediately,[to] to the the extent extent that that the the[reversal] reversal does does not not result result in[in] a a[carrying] carrying amount amount of[of] the the financial financial asset asset[that] that exceeds exceeds what what the the carrying[carrying] amount amount would would have have been been had[had] the the[impairment] impairment[not] not[previously] previously been been recognised. recognised.

• -14 - 14 -

Bute Bute Community Community Land Land Company Company Company Company Limited Limited by by Guarantee Guarantee Notes Notes to[to] the the[Financial] Financial Statements Statements (continueg)[(continued)]

Year Year ended ended 30 30 September September 2025 2025

1. 1. Limited Limited by by guarantee guarantee

Bute Bute Community Community Land Land Company Company is is a a company company limited limited by by guarantee guarantee and and therefore[therefore] does does not not have have share share[capital.] capital.

1. 1. Donations Donations and[and][legacies] legacies

Donations [and] [legacies] Donations and legacies
	Unrestricted Unrestricted	Restricted Restricted	TotalFunds Total Funds
	Funds Funds	Funds Funds	2025 2025
	£	£	£
Donations Donations
Sundry Donations Sundry Donations	6,428 6,428	-	6,428 6,428
Donation - Visit Scotland Donation - Visit Scotland	15,000 15,000	-	15,000 15,000
Donation - Achievement Bute Donation - Achievement Bute	-	-	-
Donations - Crowdfunder Donations - Crowdfunder	19,797 19,797	_—	19,797 19,797
Grants Grants
HIE Grant - For salary Costs HIE Grant - For Salary Costs	—	10,820 10,820	10,820 10,820
Grants - Scottish Land Fund - Quarry Grants - Scottish Land Fund - Quarry	-	9,042 9,042	9,042 9,042
Grant - Argyll & Bute Council Supporting Community Grant - Argyll & Bute Council Supporting Community	-	-	-
NLHF - Quarry NLHF - Quarry	=	107,165 107,165	107,165 107,165
HIE Grant - For Forest Ranger HIE Grant - For Forest Ranger	~	10,000 10,000	10,000 10,000
National Lottery - Community Engagement National Lottery - Community Engagement	-	15,000 15,000	15,000 15,000
SLF - Winter Garden SLF - Winter Garden	-	13,138 13,138	13,138 13,138
Argyll & Bute Council - Eco Burials FeasibilityStudy Argyll & Bute Council - Eco Burials Feasibility Study	-	13,652 13,652	13,652 13,652
	41 ,225 41,225	178,817 178,817	220,042 220,042
	Unrestricted Unrestricted	Restricted Restricted	Total Funds Total Funds
	Funds Funds	Funds Funds	2024 2024
	£	£	£
Donations Donations
Sundry Donations Sundry Donations	300 300	-	300 300
Donation - Visit Scotland Donation - Visit Scotland	-	-	-
Donation - Achievement Bute Donation -Achievement Bute	1 ,ooo 1,000	-	1 ,ooo 1,000
Donations - Crowdfunder Donations - Crowdfunder	-	-	-
Grants Grants
HIE Grant - For SalaryCosts HIE Grant - For Salary Costs	-	18,494 18,494	18,494 18,494
Grants - Scottish Land Fund - Quarry Grants - Scottish Land Fund - Quarry	-	4,574 4,574	4,574 4,574
Grant - Argyll& Bute Council Supporting Community Grant - Argyll & Bute Council Supporting Community	-	2,500 2,500	2,500 2,500
NLHF - Quarry NLHF - Quarry	-	-	-
HIE Grant - For ForestRanger HIE Grant - For Forest Ranger	-	-	-
National Lottery - Community Engagement National Lottery - Community Engagement	-	_	-
SLF - Winter Garden SLF - Winter Garden	-	-	_
Argyll & Bute Council - Eco Burials FeasibilityStudy Argyll & Bute Council - Eco Burials Feasibility Study	_	-	-
	1 ,300 1,300	25,568 25,568	26,868 26,868

• -15 - 15 -

Bute Bute Community Community Land Land Company Company Company Company Limited Limited by by Guarantee Guarantee Notes Notes[to] to the the Financial[Financial] Statements Statements[(continued)] (continueg)

Year Year ended ended 30 30 September September 2025 2025

6. 6. Charitable Charitable activities activities

6. 6.	Charitable activities Charitable activities
		Unrestricted Unrestricted	TotalFunds Total Funds	Unrestricted Unrestricted	Total Funds Total Funds
		Funds Funds	2025 2025	Funds Funds	2024 2024
		£	£	£	pz
	Off Grid Hut Rental Off Grid Hut Rental	9,066 9,066	9,066 9,066	9,770 9,770	9,770 9,770
	Rental Income - Shed Rental Income - Shed	-	-	250 250	250 250
		9,066 9,066	9,066 9,066	10,020 10,020	10,020 10,020
7. 7.	Other trading activities Other trading activities
		Unrestricted Unrestricted	Total Funds Total Funds	Unrestricted Unrestricted	Total Funds Total Funds
		Funds Funds	2025 2025	Funds Funds	2024 2024
		£	£	£	£
	Fundraisingevents Fundraising events	1,748 1,748	1,748 1,748	-	-
8. 8.	Investment income Investment income
		Unrestricted Unrestricted	Total Funds Total Funds	Unrestricted Unrestricted	Total Funds Total Funds
		Funds Funds	2025 2025	Funds Funds	2024 2024
		£	£	£	£
	Bank Interest Bank Interest	538 538	538 538	657 657	657 657
9. 9.	Other income Other income
		Unrestricted Unrestricted	Total Funds Total Funds	Unrestricted Unrestricted	Total Funds Total Funds
		Funds Funds	2025 2025	Funds Funds	2024 2024
	Membership Fees Membership Fees	21 £ 21	21 £ 21	72 -	£ -
10. 10.	Costs of raising donationsand legacies Costs of raising donations and legacies
		Unrestricted Unrestricted	TotalFunds Total Funds	Unrestricted Unrestricted	Total Funds Total Funds
		Funds Funds	2025 2025	Funds Funds	2024 2024
		£	£	£	£
	FundraisingCosts FundraisingCosts	840 840	840 840	-	-

• «i: 16 16 - =

Bute Bute Community Community Land Land Company Company Company Company Limited Limited by by Guarantee Guarantee Notes Notes to[to] the the[Financial] Financial Statements Statements[(continued)] (continueg)

Year Year ended ended 30 30 September September 2025 2025

11. 11. Expenditure Expenditure on on charitable charitable activities activities by by fund fund type type

11. 11.	Expenditure on charitable activities by fundfund Expenditure on charitable activities by	by fundfund type fund type
			Unrestricted Funds Unrestricted Funds	Restricted Funds Restricted Funds	TotalFunds Total	Funds 2025 Funds 2025
			£	£		£
	Unrestricted Funds Unrestricted Funds		36,729 36,729	~		36,729 36,729
	HIE - For Salaries HIE - For Salaries		-	10,820 10,820		10,820 10,820
	HIE Grant - Cost of Huts HIE Grant - Cost of Huts		_	2,900 2,900		2,900 2,900
	HIE Grant - LTl Tourism Project HIE Grant - LT! Tourism Project		-	1,195 1,195		1,195 1,195
	Argyll & Bute Council - Supporting Communities Argyll & Bute Council - Supporting Communities		-	2,430 2,430		2,430 2,430
	Argyll & Bute Council - Bike StorageArea Argyll & Bute Council - Bike Storage Area		-	978 978		978 978
	NLHF - Shalunt Quarry NLHF - Shalunt Quarry		-	10,082 10,082		10,082 10,082
	HIE - ForestRanger HIE - Forest Ranger		-	10,000 10,000		10,000 10,000
	Argyll & Bute Council - Eco Burials FeasibilityStudy Argyll & Bute Council - Eco Burials Feasibility Study		-	13,653 13,653		13,652 13,652
	Support costs Support costs		6,879 6,879	89 89		6,970 6,970
			43,608 43,608	52,147 52,147		95,756 95,756
			Unrestricted Unrestricted	Restricted Restricted	Total Total	Funds Funds
			Funds Funds	Funds Funds		2024 2024
			£	£		£
	Unrestricted Funds Unrestricted Funds		65,060 65,060	-		65,060 65,060
	HIE - For Salaries HIE - For Salaries		-	18,494 18,494		18,494 18,494
	HIE Grant - Cost of Huts HIE Grant - Cost of Huts		-	2,900 2,900		2,900 2,900
	HIE Grant - LTI Tourism Project HIE Grant - LT! Tourism Project		-	1,195 1,195		1,195 1,195
	Argyll & Bute Council - Supporting Communities Argyll & Bute Council - Supporting Communities		-	2,250 2,250		2,250 2,250
	Argyll & Bute Council - Bike StorageArea Argyll & Bute Council - Bike Storage Area		—	978 978		978 978
	NLHF - Shalunt Quarry NLHF - Shalunt Quarry		-	-		-
	HIE - ForestRanger HIE - Forest Ranger		-	-		-
	Argyll & Bute Council - Eco Burials FeasibilityStudy Argyll & Bute Council - Eco Burials Feasibility Study		-	~		-
	Support costs Support costs		5,774 5,774	-		5,774 5,774
			70,834 70,834	25,817 25,817		96,651 96,651
12. 12.	Expenditure on charitable activitiesby Expenditure on charitable activities by	activitytype activity type
		Activities Activities
	undertaken directly undertaken directly		Support costs Support costs	Totalfunds 2025 Total funds 2025	Total fund 2024 Total fund 2024
		£	£	£		£
	Unrestricted Funds Unrestricted Funds	36,729 36,729	5,380 5,380	42,109 42,109		69,333 69,333
	HIE - For Salaries HIE - For Salaries	10,820 10,820	-	10,820 10,820		18,494 18,494
	HIE Grant - Cost of Huts HIE Grant - Cost of Huts	2,900 2,900	-	2,900 2,900		2,900 2,900
	HIE Grant - LTl Tourism Project HIE Grant - LT! Tourism Project	1,195 1,195	-	1,195 1,195		1,195 1,195
	Argyll & Bute Council - Supporting Argyll & Bute Council - Supporting
	Communities Communities	2,430 2,430	70 70	2,500 2,500		2,250 2,250

-17-

Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee

Notes Notes to[to] the the Financial[Financial] Statements Statements (continueg)[(continued)]

Year Year ended ended 30 30 September September 2025 2025

	Argyll & Bute Council - Bike Storage Argyll & Bute Council - Bike Storage
	Area	978 978		-	978 978	978 978
	NLHF - Shalunt Quarry NLHF - Shalunt Quarry	10,082 10,082		19 19	10,101 10,101	-
	HIE - ForestRanger HIE - Forest Ranger	10,000 10,000		-	10,000 10,000	-
	Argyll & Bute Council - Eco Burials Argyll & Bute Council - Eco Burials
	FeasibilityStudy Feasibility Study	13,652 13,652		-	13,652 13,652	-
	Governance costs Governance costs	-	1,501 1,501		1,501 1,501	1 ,501 1,501
		88,786 88,786	6,970 6,970		95,756 95,756	96,651 96,651
13. 13.	Analysis of support costs Analysis ofsupportcosts
		Argyll& Bute Argyll & Bute
		Council - Council -	NLHF - NLHF -
	Unrestricted Funds Unrestricted Funds	Community Support ©Community Support	Shalunt Quarry Shalunt Quarry		Total2025 Total 2025	Total 2024 Total 2024
	£	£	£		£	2A
	Staff costs 2,493 Staffcosts 2,493	-		_	2,493 2,493	1,654 1,654
	Communicationsand IT 1,556 Communications and IT 1,556	24 24		-	1,580 1,580	1,340 1,340
	General office Governance costs 413 1,501 General office 413 Governance costs 1,501	8 8 —		19 19 -	440 1,501 440 1,501	261 1,501 261 1,501
	Bank Charges 117 Bank Charges 117	-		-	117 117	110 110
	Miscellaneous Miscellaneous
	Expenses 38 Expenses 38	-		-	38 38	645 645
	Travel& Travel &
	Accommodation Costs 601 Accommodation Costs 601	38 38		~	639 639	263 263
	Room Hire 51 Room Hire 51	_		-	51 51	_
	Entertainment Costs 80 Entertainment Costs 80	-		-	80 80	-
	Subsistence 31 Subsistence 31	-		-	31 31	-
	6,881 6,881	70 70		19 19	6,970 6,970	5,774 5,774
14. 14.	Net income/(expenditure) Net income/(expenditure)
	Net income/(expenditure) isstated after Net income/(expenditure) is stated after	charging/(crediting): charging/(crediting):
					2025 2025	2024 2024
					£	es
	Depreciation of tangible fixed assets Depreciation oftangible fixed assets				7,892 7,892	7,032 7,032
15. 15.	Independentexamination fees Independentexamination fees
					2025 2025	2024 2024
					£	£
	Fees payable to the independent examinerfor: Fees payable to the independent examiner for:
	Independent examination ofthe financial statements Independent examination ofthe financial statements				1,501 1,501	1,501 1,501
16. 16.	Staffcosts Staff costs
	The total staff costs and employee benefits for the reporting The total staffcosts and employee benefits forthe reporting		period are period are		analysed as analysed as	follows: follows:
					2025 2025	2024 2024
					£	£
	Wages and salaries Wagesandsalaries				57,237 57,237	42,136 42,136

• • 1818 -

Bute Bute Community Community Land Land Company Company Company Company Limited Limited by by Guarantee Guarantee Notes Notes to[to] the the[Financial] Financial Statements Statements (continued)[(continued)] Year Year ended ended 30 30 September September 2025 2025

1. 1. Staff Staff costs costs (continued) (continued) The The average average head head count count[of] of employees employees[during] during the the year year was was 3[3] (2024: (2024: 2). 2). The The average average number number[of] of full-time full-time equivalent equivalent employees employees during the during the year year is is analysed analysed as as follows: follows:

			2025 2025	2024 2024
Number Number	of of	staff staff	No. 3 No. 3	No. 2 No. 2

No No employee employee received received employee employee benefits benefits of of more more than than £60,000 €60,000 during the during the year year (2024: (2024: Nil). Nil). 17. 17. Trustee Trustee remuneration remuneration and and expenses expenses No No remuneration remuneration or or other other benefits benefits from from employment employment with with the the charity charity or or a a related related entity entity were were received received[by] by the the trustees. trustees.

18. 18. Tangible Tangible[fixed] fixed[assets] assets

	Land& Land &		Fixtures, fittings and Fixtures, fittings and	Cost of Community Cost of Community	Bike Storage Bike Storage
	Buildings Cost of Huts Buildings Cost of Huts		equipment equipment	Shelter Shelter	Area Area	Total Total
	£	£	e	£	£	£
Cost Cost
At 1 Oct 2024 Additions At 1 Oct2024 Additions	380,122 53,718 380,122 53,718	52,884 52,884 -	89,519 4,905 89,519 4,905	1,610 1,610 -	9,781 9,781 -	533,916 58,623 533,916 58,623
At 30 sep 2025 At30 Sep 2025	433,840 433,840	52,884 52,884	94,424 94,424	1,610 1,610	9,781 9,781	592,539 592,539
Depreciation Depreciation
At 1 Oct 2024 At 1 Oct 2024	-	14,659 14,659	28,920 28,920	322 322	1 ,957 1,957	45,858 45,858
Charge for the Charge forthe
year year	-	5,288 5,288	1 ,465 1,465	161 161	978 978	7,892 7,892
At 30 sep 2025 At30 Sep 2025	-	19,947 19,947	30,385 30,385	483 483	2,935 2,935	53,750 53,750
Carrying amount Carrying amount
At 30 sep 2025 At30 Sep2025	433,840 433,840	32,937 32,937	64,039 64,039	1,127 1,127	6,846 6,846	538,789 538,789
At 30 sep 2024 At30Sep2024	380,122 380,122	38,225 38,225	60,599 60,599	1 ,288 1,288	7,824 7,824	488,058 488,058

1. 1. Debtors Debtors

Debtors Debtors
	2025 2025	2024 2024
	£	£
Prepaymentsand accrued income Prepayments and accrued income	2,119 2,119	1 ,383 1,383
Otherdebtors Otherdebtors	12,692 12,692	15,628 15,628
	14,811 14,811	17,011 17,011

• -19 - 19 -

Bute Bute Community Community Land Land Company Company

Company Company Limited Limited by by Guarantee Guarantee

Notes Notes to[to] the the[Financial] Financial Statements Statements (continueg)[(continued)]

Year Year ended ended 30 30 September September 2025 2025

20. 20. Creditors: Creditors: amounts amounts[falling] falling due due within within one one year year

Creditors: amounts [falling] duewithin one year Creditors: amounts falling due within one year
	2025 2025	2024 2024
	£	£
Trade creditors Accruals and deferred income Trade creditors Accruals and deferred income	6,840 900 6,840 900	600 900 600 900
	7,740 7,740	1,500 1,500

21. 21. Analysis Analysis of of charitable[charitable] funds funds

Unrestricted funds Unrestricted funds
			At					At
			1 October 1 October					30 September 30 September
			2024 2024	Income Income		Expenditure Expenditure	Transfers Transfers	2025 2025
			£	£		£	£	£
Unrestricted Fund Unrestricted Fund			37,727 37,727	52,598 52,598		(44,448) (44,448)	10,699 10,699	56,576 56,576
			At					At
			1 October 1 October					30 September 30 September
			2023 2023	Income Income		Expenditure Expenditure	Transfers Transfers	2024 2024
			£	£		£	£	£
Unrestricted Fund Unrestricted Fund			96,584 96,584	11,977 11,977		(70,834) (70,834)	-	37,727 37,727
Restrictedfunds Restricted funds
			At					At
			1 October 1 October					30 September 30 September
			2024 2024	Income Income		Expenditure Expenditure	Transfers Transfers	2025 2025
Argyll & Isles Argyll & Isles			1,105 £ 1,105	£	-	53 _	(1,105) £ (1,105)	£ -
Development Costs Development Costs			52,552 52,552		-	—	—	52,552 52,552
Rhubodach Forest Rhubodach Forest
Capital Fund Capital Fund			346,391 346,391		-	-	-	346,391 346,391
Miscellaneous Fund Miscellaneous Fund			2,436 2,436		-	-	(2,436) (2,436)	-
HIE LTl Tourism HIE _ LTI Tourism
Project (Huts) Project (Huts)			8,383 8,383		-	(1,195) (1,195)	-	7,188 7,188
- For Huts HIE - For Huts			20,300 20,300		-	(2,900) (2,900)	-	17,400 17,400
HIE - For Salaries HIE - For Salaries			-	10,820 10,820		(10,820) (10,820)	-	~
Argyll & Bute Council Argyll & Bute Council		- -
Supporting Supporting
Communities Communities			2,500 2,500		-	(2,500) (2,500)	-	-
Argyll & Bute Council Argyll & Bute Council		- -
Bike Storage Area Bike Storage Area			7,824 7,824		-	(978) (978)	-	6,846 6,846
Scottish Land Fund Scottish Land Fund	- -
Shalunt Quarry Shalunt Quarry			26,783 26,783	9,042 9,042		-	(1,507) (1,507)	34,318 34,318
Scottish Land Fund Scottish Land Fund	- -
Shalunt Quarry Shalunt Quarry
(unspent) (unspent)			5,651 5,651		-	-	(5,651) (5,651)	-

• • 20 20 - -

Bute Bute Community Community Land Land Company Company Company Company[Limited] Limited by by Guarantee Guarantee Notes Notes[to] to the the[Financial] Financial Statements Statements (continueg)[(continued)]

Year Year ended ended 30 30 September September 2025 2025

21. 21.	Analysis of charitable Analysis ofcharitable	Analysis of charitable Analysis ofcharitable	funds (continued) funds (continued)	funds (continued) funds (continued)
	NLHF - Shalunt Quarry NLHF - Shalunt Quarry			-	107,165 107,165		(10,102) (10,102)		-	97,063 97,063
	HIE - Forest Ranger HIE - Forest Ranger			-	10,000 10,000		(10,000) (10,000)		-	-
	National Lottery - National Lottery -
	Community Community
	Engagement SLF - Winter Garden Engagement SLF - Winter Garden			- -	15,000 13,138 15,000 13,138		- ~		- -	15,000 13,138 15,000 13,138
	Argyll & Bute Council Argyll & Bute Council	- -
	Eco Burials Feasibility Eco Burials Feasibility
	Study Study			-	13,652 13,652		(13,652) (13,652)		-	-
			473,925 473,925		178,817 178,817		(52,147) (52,147)	(10,699) (10,699)		589,896 589,896
			At							At
			1 October 1 October							30 September 30 September
			2023 2023		Income Income		Expenditure Expenditure	Transfers Transfers		2024 2024
			£		£		£	£		£
	Argyll & Isles Argyll & Isles		1,105 1,105			-	-		-	1,105 1,105
	Development Costs Development Costs		52,552 52,552			-	-		~	52,552 52,552
	Rhubodach Forest Rhubodach Forest
	Capital Fund Capital Fund		346,391 346,391			-	-		=	346,391 346,391
	Miscellaneous Fund Miscellaneous Fund		2,436 2,436			-	-		-	2,436 2,436
	HIE LTI Tourism HIE _ LTI Tourism
	Project (Huts) Project (Huts)		9,578 9,578			-	(1,195) (1,195)		-	8,383 8,383
	HIE - For Huts HIE - For Salaries HIE - For Huts HIE - For Salaries		23,200 23,200 -		18,494 18,494	-	(2,900) (18,494) (2,900) (18,494)		- -	20,300 20,300	-
	Argyll & Bute Council Argyll & Bute Council	- -
	Supporting Supporting
	Communities Communities		2,250 2,250		2,500 2,500		(2,250) (2,250)		-	2,500 2,500
	Argyll & Bute Council Argyll & Bute Council	- -
	Bike Storage Area Bike StorageArea		8,802 8,802			-	(978) (978)		-	7,824 7,824
	Scottish Land Fund - Scottish Land Fund -
	Shalunt Quarry Shalunt Quarry		22,438 22,438		4,345 4,345		-		-	26,783 26,783
	Scottish Land Fund - Scottish Land Fund -
	Shalunt Quarry Shalunt Quarry
	(unspent) NLHF - Shalunt Quarry (unspent) NLHF - Shalunt Quarry		5,422 5,422 -		229 229	-	~ -		- -	5,651 5,651	-
	HIE - Forest Ranger HIE - Forest Ranger		-			~	=		-		-
	National Lottery - National Lottery -
	Community Community
	Engagement Engagement		-			-	—		-		-
	SLF - Winter Garden SLF - Winter Garden		-			-	-		-		-
	Argyll & Bute Council Argyll & Bute Council	- -
	Eco Burials Feasibility Eco Burials Feasibility
	Study Study		-			-	-		-		~
			474,174 474,174		25,568 25,568		(25,817) (25,817)		-	473,925 473,925

• -2121 -

Bute Bute Community Community Land Land Company Company Company Company Limited Limited by by Guarantee Guarantee

Notes Notes[to] to the the[Financial] Financial Statements Statements (continue)[(continued)]

Year Year ended ended 30 30 September September 2025 2025

22. 22. Analysis Analysis of of net net assets[assets] between between funds funds

==> picture [431 x 191] intentionally omitted <==

----- Start of picture text -----
||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Unrestricted|Restricted|Restricted|Total|Total|Funds|Funds| |Funds|Funds|Funds|Funds|2025|2025| |£|£|£| |Tangible|Tangible|fixed|fixed|assets|assets|27,480|27,480|511,310|511,310|538,790|538,790| |Current|Current|assets|assets|35,652|35,652|79,771|79,771|115,423|115,423| |Creditors|less|than|1|(6,556)|(1,185)|(7,741)| |Creditors|less|than|1|year|year|(6,556)|(1,185)|(7,741)| |Net|Net|assets|assets|56,576|56,576|589,896|589,896|646,472|646,472| |Unrestricted|Unrestricted|Restricted|Restricted|Total|Total|Funds|Funds| |Funds|Funds|Funds|Funds|2024|2024| |£|£|£| |Tangible|Tangible|fixed|fixed|assets|assets|25,825|25,825|462,233|462,233|488,058|488,058| |Current|Current|assets|assets|.|13,402|13,402|1|11,692|1|,692|25,094|25,094| |Creditors|Creditors|less|less|than|than|1|1|year|year|(1,500)|(1 ,500)|-|(1|(1,500)|,500)| |Net|Net assets|assets|37,727|37,727|473,925|473,925|511|511,652|,652|

----- End of picture text -----

23. 23. Related Related parties[parties]

Context Context Economics, Economics, of[of] which which Mr[Mr][R] R Whitcomb Whitcomb is is the the proprietor, proprietor, received received an an amount amount of[of] £10,066[E10,066] (gross) (gross)[in] in the the year, year, in[in] relation relation[to] to services services[provided.] provided. Mr Mr Whitcomb Whitcomb is is also also a a Trustee Trustee of of Bute Bute Community Community[Land] Land Company. Company. The The amount amount due due[to] to Context Context Economics Economics at[at] 30[30] September September 2025 2025[is] is El £1,422[,422] (gross). (gross).

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