ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Soclety RegSstratlon No. 77121Scotlandl
Charity Registration No. SC045503 {Scolland)

OBAN COMMUNITIES TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Tru8tee$
Mr Neil Mccorrisken
Or Skcey F91gate
Ms Angela Hobbs
M$ Kfjtheen C1058
(Appointed 29 O¢Xober 20251
(Appolnlod 29 October 2ty25}
S¢¢rgtary
Charity number IS¢otlandl
Ms Kirsleen Close
SC045503
Princip•l address
The Rockfield Centre
Rookfield Brae
Stevenson Street
Oban
PA34 5DQ
Audltor
Wllliam Duncan + Co (Audi￿ Ltd
Eller81ey House
30 Miller Road
Ayr
Ayrshi18
KA7 2AY
Bankern
Bank Of Scotland
The Direct Business
PO Box 1000
PX21LB

OBAN COMMUNITIES TRUST
CONTENTS
Page
Truste8 report
Slalement of TN8tee re8ponsibilille$
Independent auditors report
8-11
Stalem8nt of financial athitles
12
Balance sheet
13
Stalemenl of cash flows
14
Notes to the financial statements
15-29

OBAN COMMUNITIES TRUST
TRUSTEE REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The Trust8as prasent thèir annual report and financial statements for the year ended 31 August 2025.
The finaneial stat&mènts h8v9 been prepared in g¢¢ordance wtth the accounting policies $el out in note 1 IL) the
financial st8temènls and comply with the charills governing d￿uMent, the Charities and Trustee In￿stment
(Scollandl Acl 2005, the Charities Accounts (Scotlandl Regulations 2006, FRS 102 "The Finan¢ial Reporling
St8ndafd applic8ble in the UK and Republ￿ of Iieland" and the Charities SORP "Accounling and Reporting by
Ch8rilies.' Statement of Reeommended Pra¢ticE applicabl& to charities prgparing their accounts in aecordancg with
the Flnancial Reporting Standard applicablè in the UK and Republic of Ire18nd IFRS 102)..
hen a new eoard of Trustees Stepped In just before the Start of the 24125 financial year. the future of the Centre
was f8r from Cartain. ￿81 has happened since then is a powerful T8minder of what a community can do when
people choose lo shL)w up, roll up their sleeves, and care about something together. This is not just a story of
organisational recovery, but of wlledive effort. Staff. volunteer8, artists, audiences, and supporters have all played
a part in reshaping what Oban Communities Trust is, and what rt can b?.
Th8 decisions we hav& tsken have rarely begn easy, bul eath one has been guided by a shared commitment to
keeping the Trust's assets open, relevant, and rooted in the community that thay serve. Through tha transformation
of the café intg g self-service community space, the creation of sustainable trading mod&l. and thg steady return of
aotivity to the maln building, wè have se8n examples of what can be achieved when people work together WTth
clarity and purpose.
This Tru$l'$ commitment lo the arts, culttsre. wellbeing, h8rilage, and education helps us shape a programme that is
not only ¢￿aliVe, but meaningful
supporting learning, preseNng local identity, and contributing to overa
wellbeing in our community across all three of our assets. Il's easy to forgèt that what we commonly term 'The
Rockfi&ld Cenlre, has orown over the years into a nurnber of separate projects,,
Thè Ro¢kfield Centro conlinues to nurture its role as 8 home for the arts, culture, and h8ritage, ¢r&aling
space for live rnusic. theatre, and shared cultural experiences that bring people together in ways Ihal a
immediate, human, an¢J mefflor8ble. These moments ofcollgdivfr expfrrience arg a wtal part ofwhal make5
The Rockfield Centre morè than just a buildirbg, and ar• what convince us daity ol ils importance.
The Rockfield Garden has seen a massive transformatson over the past ts¥o year$, mowng from dereli
land to 8 productive, flourishing communlly garden overse&n by a team passionate people who collectively
pul in 1000s of hours of volunteer lime each year.
Th• Rock￿ld Charity Shop continues lo promde a vilal source of unrestricted income for the
organisalion, whil& also offering affordable good5. SUPPOrting rause, and ue81Sng a space where people
can Contribute. connèct. 8nd be part of the Cenlrè in a different way.
hal has b￿n most striking, looking back. 1$ not just th8 progress rrrade but th8 spirll Sn whlch It has been made.
The building feels lived in. Nol just open but ne8dèd. In a b.me when lon•ling$s and isolation are increasingly part of
&Vgryday lrfe and costs are rising oxponentially, the Trust offers somelhlng simple but ￿tal.. pla¢es to go. reasons to
leave the house, and the chance lo feel part of something.
The Board would like to thank everyone who has contTibutgd this y8ar- whether through time. creativity, energy, or
support. The Roekfield C&ntre. Garden, and Charity Shop belong lo the cornmunty, and the pa$t h¥0 ye818 have
$hown ju51 how strong that commLsnity can be.
We look forward lo buildin9 on this momentum in the years lo come.

OBAN COMMUNITIES TRUST
TRUSTEE REPORT ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
ObJec11v96 and a¢tivltle$
Oban Communitiès Trust e￿$15 lo provide an inclvsive. cr8ativ8. and welcoming space for the communlty of Oban
and surroundin9 areas. Our aim Is lo reduce isolation. improve WeIbe￿9. and create opporlunitigs for connection
through arts, culture. and shared experiences.
The Trust was est8blished by the cornmunity lo take fO￿ard their wish to cr8019 a communlty cultural hub providing
Spa￿ to members of the Ioc81 comrnunily to meet. as well as CTgating and supporting activity through 8 programme
of acllvilies followlng our Charrtab￿ objectives. whith are..
the advancement 0f￿MM￿nIty development in the Oban area of Argyll
the advancgrnent o18rts, hèritag8. culture, and èducation
In 2015, the Trust purch8$&d the srte and building known as The Rockfield Centre from Argyll and Bute Council and
began the lourney to develop thè former Victorian primary school to provide opportunities for all to become involved
in four core themes:
Community wellbeing
Arts and ￿JItUTe
Education and onlerprise
Hislory and heritage
During the 2024125 financial year, the Cenlre has ￿ntinUed lo rebuild. stabilise. and grow its prograrnme folbwlng
peri¢xl of significant organisational challenge.
Pubk beneflt
The Tiustees have paid due reg8rd lo guidance Issutrd by th8 Charity CommSs$wJn in dectding whal ￿1VIlieS the
harty shoukl undertake.
A¢hlevements and pgrfomian¢e
Significant 8ctivities and achieven￿nIs against obiecllves
During 24r25 FY, the Trust undertook a subslanlial expansion in both the scale and diversity of 8ttiwty delivered al
the Rockfteld Centr&.
Exlsithg activities continued lo prosper, incluilSng-.
A regular programme of cultural events including live music and theatre
Herttage Blethers. which keep lo¢al heritage alive and relevant in our community
Shinty Craic sessions, bringing the l(xal shinty Communty together over shared memories
Awe8kly gardening group, which continues Its produce oulstandlng progress in the Rockfiehj Garden.
A weekly Community soup lunch, prowding an affordable opportunity for people lo come together over a
shared meal
Arts and crafts sèsslons, Includlng a bFweekly knittlng group. a monthty arts socAal, and wg•W knd's arts
and crafts drop-in sesslons.
W* also worked with th9 D)mmunly to develop new slr8nds of activity, Induding=
Create Wlth Jake, fortnighly. acce8slblg, infom1818rt workshops suitsblg for all levels
Community Meals, regular Iow•cosI dinners thal combat loneliness and bulld community
Take the Stage. a mDnlhly open rnic night providin9 OPPOrtunilies for performgr5 lo build ¢onffid8nce and
learn slagecr8ft
P8nacfra Poetry, a monthly Spoken worij nighl
Story Stoiridh. a quarterly tradilional storytelling event
Filrn Club, a monthly film program which Includes documentsries and guest speakers
The Big Qu6z, a monthly famlly-friendty quiz night that brings people together.
NT tive. a monthly live theatre èvenl streamed from London's Wesl End

OBAN COMMUNITIES TRUST
TRUSTEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
We piloled a number of family-friendty 'f&slival$' _ ono day events aimed al brrnging people together around a
$hargd intergst..
Family Funday Iseplembgr 2024}- a day focussed on 'doors-op8n' and bringing the communty back lito
the Centre. featuring kid'5 arts and uafts, a bouncy castle and soft p18y, a sensory room, and a film room.
SOULsli¢e {Dèc 20241- 8 day focussed on community wellbeing with sound b3lh5, yoga, arts and ryafts.
rire pits, sha￿￿ meals, and live DJS.
Spring Festival (May 20251 a day locussed on skate cutture, featuring e-skateboards, spray pairiting, a
livo rnural from artist Ruiridh Lister Campbell, kid's arts and craft5, a burger popup. and live DJ$.
The Rockfield Centre became a more consislenl and reo)gnlsable hub for 80cial and ￿eat￿P ac￿MIY in the area.
The impact of Trust's work 15 best understood through the con5iStenGy of engagempnl tho dI￿r$Ity of people
attending. Across the year, we..
Increased regular attendance across muftiple programmas
Re-engaged indiwdua15 expeden¢ing1501alion
Cfealed accessible entry points forthose new lo arts and community actiwty
Provided Iow40St and free opportunitie5 in a lime of rising living cost
Feedback from participants highlighted the iMporta￿e of the Rockfield Centre and Garden ss..
Spaces for ¢onnedion and belonging
Supportive and wel¢i)ming environments
A regular fixtuie in people's weekly routines
Oban Cornmuniti8s Trust played a vital role in community w&llbèing in Oban and the $urroundin9 ar8as.

OBAN COMMUNITIES TRUST
TRUSTEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Flnancial revi•w
The organisalion operated wlhin a challenging financtal enwronment during the 2024r25 FY. but Careful financqal
management en8ts1ed th8 organisallon lo malntain operations whlb r¢building ffinanci81 stsbillty.
Key pofjnts:
Finanual management was brought In-house on 1st September, 2024 (first day of the new FY), allowiig
much closer oversight of the Twusl's finance5 and irnmediats a￿esS lo finan¢i81 information.
The Trust spent £45,OCN) on historic debt repayments, clearin9 unpaid debts to SSE 1£15,8241 arKI HMRC
1£13,2021 whilst servicing 'recovery loan repayments due lo Social Invgstment Scotland 1£14,7591 the
Co-op 8ank1£2,0001.
Incovne wa5 gen8rated Pfimarity vla trading, with only 17Qh of our income comlng from grant5.
Core costs, particu18rfy ènergy and insurance. have remained hKJh. whilst routine mainlenance spendlng
Incr&a$ed to account for work which was overqlue or had not previously been undertaken
Despite Ihls. in relation lo ￿n￿Stricted funds the Trust produced a m(*lest operaÉin9 surplus of £6.991.
excluding unre8tric18d deprgciation of £7,928 8nd £10,720 in relation to the reassessment of an aeeounllng
eslim8te.
Durlng thls periocl..
The Board fo¢ussed on creating a 5ustsln8ble operatlryj model whlch supported cor9 o)$ts in ways 11Nql
added clear benefll lo the local comrnunlly
Trustees maintained operation81 oversight and were far mor& handswon Ihal would nomi8lly be expected
from a Board of DI￿¢10[$. This included tho daptO￿aY management of Centre 8ctlwlies and staffing of
income g8nerating events.
The Devèlopment Trust Association for Sco118nd IDTASI removed Oban Communitles Trust from thelr
Crisis List- a turning point in how th8 Trust Is perceived wthin Ihe sector.
The org8nlsation benefited from a committed t¢am of staff and volunteers who conlrlbulgd slgnfficanlly to lis
Success Sn 24125. Everyone involved should feel extremely proud ofwhal was ￿hl￿ve￿.
We are aware that Ihg speed at which very necessary thange look place resumed in 8omg lOn￿le(M volunteers and
supporters of Ihe Trust feeling disenfranchised, and this 1$ regrettable. We hope that, in hindsight and with Ihg
above information in hand. il is now dear that we acted prudèntly and in the best interests of the Trust and, by
exlension. the wider Community.
Reseryes policy
The policy of the Societyls to aim to retsin SLfficient ￿$8￿8S to meet the cost of any regularcommilmgnts, as well
39 8 conling&ncy to enable it to continue lo develop further projects.
The n9t balan¢x of reslrirted reseNes al year open (1st September 2024} w88 £2.769,570 mving to £2.629,897 81
year end13151 August 20251.
The nel balance of unrestricled ￿serVeS at year op8n WBS in a deflch of £81.608. moving to £31.453 al year end.
This includes a Ifansfer of £61,612 trom restricted lo unrèstricted fvnds. whic* is a result of the reassessment of Ihe
ielevanl funds by thè trustses durlng the year and their 8grgement lo iecord the transfer belwgon funds in the
31 Augusl 2026 year end financial statements.
MaJorrisk$
The board have assessed the major risks to which the charity is exposed, and in particular Ihos9 rElale(I to the
oper81ions and finan¢es of the Society. and are satisfied that syslems are in pLqce tg rnitig8le èxposure to these
risks. Like many ¢harilies, there is uncertainty aiound grant lunding and the ability lo support continu81 growth plan
dgv8lopmenl.

OBAN COMMUNITIES TRUST
TRUSTEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
Community Share8
The Trust may raise share capital lo pursug its objectives for the benefit of the community. Any payment of interest
on the shale capital should be limited lo the minimurn ne￿SSary lo obtain the Capital required. The rate of interest
must bo de¢lared in advan¢* of tho p8riod for which the interest is payable and the Board musl be aiAe to justify Ihe
rate by ￿ference to th8 8vail8bbg commercial rates for borrowing. Any payment of interest is treated as an expense
of the Twst befofe cal(￿latIo}n ol any surplus.
Plans for fulure p•rfod8
In November 2025. the Trust hi￿￿ an Operats"ons Manager {Alison Craig1 toload on day-to-day delivery. This hire
represented a significant step forward for the Trust, and 8llowed th& Trustees lo focus on strategy, goveman¢e, and
non-trwJ¢d in¢￿9 gengr81ion. Since then, Ihe Trust has undertaken a full review ol all govemance and health and
safèty polieies and procedurès, (xèaled a five•ye8r strategic devebpment plan. and embarked on a number of
18rg&r-8c8le grant applications lo Support new delivery.
Other staffing changes have also takgn place. We reuufted a new Flnance Manager {Chris Oliver) lo replaee Jake
Mclnnes, who stepped down in Summer 2025. The Trust owes g debt of thanks to Jake for her tirel8ss •lforts as w8
worked together lo stsbilise our financial situation. and we wish her w811 in all future &ndeavour$. We also recruited
a Ga81￿ Heritage Officer, as part of our long-lerrn strategy for both Gaelic language and Heritage provision. Al the
Same tirn8, our long-serving Volunteei and Booklngs Cooidinalor ITeagan Mccuish) transitioned into a new, nTh)re
odminislralive rol&- that of the Centre Coordinator- where she cofttinufjs to be cenlrai lo day-l(￿aY operattons.
We have Continued to build, and focussed on facili181ing a range of new community-led adNi11g$. many of which are
undertaken in parinership with other individuals and organisations, including..
Weekly CommuntyAcupuncture OfQP-Ins (previously run byArgyll WelltEing Hub)
Weèkly Gaelrc Youth Choir
Weekly Sa15a Classe5
Monlhly Language Meol
Bi-monthly Death Café
Photography CoLbrsès
Art courses
Public Talks Series
Yoga Class9$
We recognisa the t￿mendOuS value of volunteèr time lo the organisation, to thos8 who eThJagè In it, and are
mmitted to bettering our volunleer offer and ensuring that anyone who gives their limo, knowledge, skills. and
energy lo the proje¢l frels valued, supported, and part of a communty. Undedining our commrtmenl lo th￿. we are
in the procsss of appointing a Community Engagement and Voiunteeiin9 1)ffi¢er who will focus on r+launching
volunteerism 8cr055 the Trusys assets.
The focus mowng fO￿ard is consolidating recent progrèss while bull ding a resilienl gnd 8ustslnable future for the
centre. We hope that you will join us on that journey, in wh8lever way you can.
Structure. governan¢o And management
The charity is govemed by its con$tilulion. The charity was constltuled •$ a company limited by guarantee until 2nd
February 2018 when il converted lo a charitable Community Benefit Society, limit6d by sha￿9 wtth a nominal value
of £1 each. The Souely is owned and controlled by ils Members. All members have one vote Tegardless of the
numbe￿ of shares held.

OBAN COMMUNITIES TRUST
TRUSTEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
Thè Tru5t88s who 5eNed during the year and up to the date ol signature of the financial 8t8tements were..
Ms Karen Lindsay
(Resigned 25 January 20261
Mr Neil Mccorrlsken
Mr Roderick Gillies
Dr Stacey Felgate
Ms Renuka Ramanujam
Ms FK>n3 Shaw
Ms Beth Chalm¢rs
Ms Angela Hobb5
Ms Kirsteen Close
(Appoinlgd 27 Novemb8r 2024 and ￿￿gned 29 October 20251
(Resigned 29 October 2025)
(Resigned 4 April 20251
(Resigned 11 September 2024}
(Appointed 29 October 20251
{Appoinl&d 29 October 20251
Re¢nNtm8nt and appointment of twstees
Tru51ees are elected at each Annual General Meeting by Ihe members present with a miniwnum of 4 and 8 maximum
of 8. The initial trustees of the Society were appointsd by the Founder Members.
At the Annual Gen8ral Meeling, one Ihlrd Of the elected trustee$ sh811 retlre from office, belng thoso trusts8$ who
have been lonpst in office. A retlring trustee is ellgSblfr for re-elect￿.
The board of trustees may COvOPt up to external trustpes. who need not be mFmbgrs, but are selected foi
special skills or experfence. They shall Serve a fixed per￿￿ subject to r8view every 12 months. Exlemal
Ind8pendent Truslees may be fernoved from office at any time by a ￿SOlUtion ol the Board of Truslees.
Any ¢asu81 vacancy during the ygar may be filled by the board by cr￿ption. Such co-opted indi*idual$ musl be
member8 of thg society and will hold office only until the next 8nnu81 general meeting.
The Twstees meet al least rnonlhly to dl$cu55 bu5ine55 slralegy. pgrtinenl business and rewew finances. The day
lo day opeialions are undertaken by thè small staff team led by ihe Head of Operations, with the assistance of th
Board of Trustees.
Auditor
In acctsrdance with th8 Company's artSclg$, a resolution proposing that Willl8m Duncan + Co (Authll Ltd be
reappointed as auditor of th& company w511 be pul at a General Meetlng.
The Trustee report was approved by the Board of Trustees.
Ms ￿r$teen Close
Sg¢r*tsry
Dr Stacey F
Trustee
ate..

OBAN COMMUNITIES TRUST
STATEMENT OF TRUSTEE RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST2025
The Trustees are responsible for p￿Paring the Tru51ee Report 8nd Ihe finanaal stslgments in acwrd8iKe with
applicable law and Unrted Kingdom Accounting Standards (Unrted lfjngdom Generally Accgpted AcLx)unting
Practice).
The law appllcable to charities in Scolland requires the Trustees to Prepa￿ financial $talemen15 for &ach financl81
year which give a tnje and fair view of the Sta￿ of affairs of the charity and of the Incoming resources 8nd
application of resoukce8 01 the charity for that year.
In preparing these financial stalements, the Truslees are required lo..
select suitable accounliny policies and then appty them consistently:
- observe the methods and prinuples in the Charities SORP..
- make judgements and estimates that ¥re ￿8$Onable and prudent..
state whether applicable accounting standards have bogn followed, subject 10 8ny material depwlures disc105ed
and explained in the financial stalgmenls; and
prepare Ihe financial statements on the going eoncem basis unless it is inappropriate to presum that the charity
will continue in operallon.
The Twslges ar8 responsible ftsr keeping sufficient 8¢counting records that disclose with reasonable accuracy al
any time tre financlal posi11gn of the chaiity and en8blg th8rn ID ensure that the financial slalements comply with the
Charrti•s and Trustee Investment IS¢otEandl A¢t 2005, the Charities Accounts IScotland} Regulations 2006 and the
Co-OP8rativ8 and Community Benefrt SocAetie5 Act 2014 8nd the prowsion5 of the trust deed. They ate also
responsible for safeguarding the assèts of the charity and hence f￿ tsking reasonable steps for th& prevention and
detection of fraud and other irregularities.
In so far as the Iruslees ar8 aw8rg'.
- there is no relevant aLKJit inforrnation of which thg Charitab￿ cornpar)y's audiloi is unawar8,' and
the trustee$ have tsken 811 steps they ought lo have tsken lo make Ihemselves awar8 of any relevant audii
information and lo establish that the au¢Jilor is aware ol that inforrnation.

OBAN COMMUNITIES TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF OBAN COMMUNITIES TRUST
Qualifkd opinion
We have audil8d the financial statements of Oban Communiltes Trust (the '¢harMy) for Ihe year ended 31 August
2025 which Comp￿Se the statement of ffinancial 8clivities. the balance sheet. Ihg Statement of cash flows and note5
to the financial stslernents, including sKJnSficant accounting policie$. The financial reporting framework that has b8en
applied in their pfep8r8tion is applicable law and United lQngdom Attounting Standards, induding Financial
Rfrporting Standard 102 The Finan￿al Reportlng Standard applioable In Ihg UK and RepubK¢ of Itpland (United
Kw)gdom GenerallyAceepled Accountlng Practice).
In our oplnlon. except for the effe￿$ of the matter des(Yibed in the Basi$ lor QUalif￿d Opinion section of our report,
thg financAal slalements..
glve a true and f8lr view of the stale of the cherity's affairs as al 31 August 2025 and of ils incomin9 rewurces
and application of resources, for the year then ended".
have been properfy prepared in ac£ordance with United Kingdom Generally Ac¢epted A¢￿￿ntIng Practice,.
and
have been pr&pared in accordance with the Co-operative and Community Benefrt Societies Ael 2014 and the
Charities and Trustee Investment (Scollandl Act 2005 and regulation 8 of the char￿e$ Accounts Iscotlandl
Regulatlons 20(￿.
Ba$ls for qualified oplnlon
The Currenl carrying v81ue of the freehold propeity in the finan￿al statements ot 31 August 2025 is al cost less
deprecIat￿n, which is £2,625.776. The last valuation of the propgriy was carrietj out orb 11 March 2W24. which
valued Ihe property at £900,000. There have been no adjustments made lo the carylng value of the freehohj
property in the 31 August 2025 year end ffin8nc181 statements lo rellect IhS$ most recent valuatw)n. under FRS 102
the lower valuatlon is an inlicalor of the property being impaired in v81ue, and without any furlher available
Information to suppgrt the current c8rrying value our opinlon is qualified on this m8tter.
We (onducted our audit in accordan¢x with International Standards on Audlling (UK> (ISAS IUKI) and applicable
law. Our r8sponsibililies undèr those standards are fvrther desuibed in Ihe Audit￿,$ responsibilities for the audit of
the financial 5tatementg section of our report. We are independent of Ihe charity in accordance with the #lhical
fequiremenls that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have ftilfilled our othèr elhlcal responsibilitie5 in accordance with these r¢quiremen15. We believe
that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our qualified opinlon.

OBAN COMMUNITIES TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF OBAN COMMUNITIES TRUST
Materlal un¢grtalnty r•lated to going concem
We draw your attention lo the going con¢ern accountin9 policy al note 1.2 in the financial slalemenls, which details
that Ihe Trust had a net deficit of £89,518 durlng the year ended 31 Avgu$t 202512024.. nel d8ficil of £46,296) and
a5 of that dale the Twst had net current liabilities 01 £184.787 12024.. nel currant liabilities of £161.5521 and nel
assets of £2,598,444 12024." nel assets of £2,687,962) that included negative unrestricted lunds at 31 August 2025
of £241.753 {2024.' negative ￿91.908). The Trust has rnad9 a defi¢it in the post yeai end period to 31 March 2028
and is forecasting a deficii for th8 17 rnonth period ended 31 ALpJusI 2027. However the forecasts show there is
sufficient available ¢a5h during the perN* ended 31 August 2027, on the basi5 that actual ptrrformance is in line with
tha forecasted iesulls and lor the deb15 where there are no defined iepaymenl lemls the repayment of these is
expecled to be in linè with th8 repaym@nts included in the forecasts. If the ￿￿OrManCe of the Trust is not in line with
their forecast5 or early rep8ymenl Is required in relation to any of the debts. then the Trust may have insufficient
funds to meet their creditors as they fall dug.
These evenl$ or ￿nditions, along with other matters as sel forth in the going conc9rn accounting policy al note 1.2
indicats that a material uncertainty exists Ihat may cast significant doubt on the Company's abdity to continue as a
going conc&m.
However thes& financial slalements have been p￿pared on a going ￿nCern bBSig based on the folltiwng=
The Iruslees consider that the forecasts that have been Prepared Show that the Trust ha5 Sufficient
available cash lo meet its ueditors as they fall dug and Ihe p¢rfornianc8 of the Tiusl and repayment of
debts included in the forecasts Is an accurate reflection of the expecteil level of trad& of the trust for thè
pèriod to 31 ALJgust 2027.
Our opinion is not modified in respecl of this matter.
Other infomiatign
The othtrr infc>mabon compris9S the infornialion induded in the annual ￿port other than the finartial statements
and our audilorfs report Ihereon. The Tru$lee$ are responsible for the other infomi81ion con19ined within the annual
report. Our opinion on the financial statements doe$ not Cover the other information and we do not exprass any form
of assurance ￿nclUsion thereon. Our responsibility is lo read the other information and, in doin9 $0. ctsn$id&r
whethor the other infomiation is m8teri811y incot)sistent with th8 financial statements or our knowledge oblairieil in
Ihe course of the 8udk. or othe￿Ise appears lo be materlally mlsst8ted. If we idenlSfy $u¢h material incon515tencies
or app8￿nI material misstslemenls, we are requi￿d to d91ermine whether this gives risè to a material misslatemenl
in the financial slalewnenls themselves. 11, based on the WOTk we have performed, we conclude that there is a
material misstatement of this other information, we are required io report that fact.
We hove nothlng to report in this 1gg8rd.
Pnatterg on whleh we ar• rnqulrod to rèport by •xceptlon
Except fc*r the matter described in th& Basis for qualified opinion section of our report we hav8 nothing to report in
respect Ctf the followlng matters in relation to which the Co-operative and CommunTty Benefit SocIel￿$ 2014, the
Chanties and Tru51ee Investment {Scollandl Act 2005 the Charities Accounts (Scotlandl Regulati￿$ 2006
requires us lo reptrrt 1¢ you if, In our opinion..
thg inlorm8tic>n given in the fin8n(y81 ststements 1$ inconsislenl in any material respect with the Trustee ￿port.,
or
proper accounting reeords have not been kepl,. or
the finanual statements are not In agreement with the a¢counling reo)rds', or
we have not ￿ceIV￿d all the infomation anil explanathon$ we require for our audrt.

OBAN COMMUNITIES TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TOTHE TRUSTEES OF OBAN COMMUNITIES TRUST
R?$pon$ibllltlo9 of TNstees
As explained more fully in the $tstgmgnt of Trustee respon$iJ)ilitie$, the Tnjstees are ￿SponSIbl8 forth8 preparab'on
of tho finan¢ial statements and for being satisfied that they give a Irue and fair view. and lor such Intgmal control as
thè Trustees delemiine is necessary to en8bl¢ the preparation of finanry81 stalemgnts that are free from material
mis5taternent, whelhgr due to fraud or error. In preparing the finanual slalements. th8 Trustees are responsible lor
as$essing the InJstch8rty's abilty to continue as a going concem, disckjslng, as applicable, matters relaled to gimng
concern and using the going concem basls of accounting unless the Truslees either intend lo cease operations. or
have no realistic allematN8 b(rt to do so.
Atsdltof• re¥pon$lbllltle8 for the audlt of the flnanclal statement¥
We have beèn appointed as audilor under section 44111{cl of the Charities and Trustee Invesltnenl Iscollandl A
2005 and report in 8c¢ordance with the Ad and relevanl regulations made or having 9ffect Ihereunder.
Our objectives are to obtsin reasonab18 assuranc• obout whgther the finanual statements as a whole are free from
material misstalemenl, whether due lo fraud or error, and to issue an audilorfs report that includes our oplnion.
Reasonable 8ssurance 15 a hlgh level of assurance bLrt is not a guarantee that an audit conducted in o￿0rd8nce
with ISA$ IUKI wlll 8k¥ays detect a material misstalemfrnl when it exists. Misststemgnts can arise from fraud or
grror and are considered material if, individually or in the 8ggregat8. they could reason8bty be èxpecled to influent
Ihe eC￿nomiC decisions of users tsken on the basis of these fin8nci81 sl8t&ments.
The extent lo which our procgdures are capable of detectin9 irregularities, indudlng fr￿Id. is detailed below.
Enquiry of management. those charged with g)vemance and the entws yoli¢ilors around adual and
potential litlgalion and claims.,
Enquiry of entty stsff In lax and compliance functlons lo Identify any instsnces of non-compliance wsth laws
and regulations..
Performing audit work over the risk of management override tsf conlrolg, including lesting of journal entries
and other adjustments for appropriateness. evaluating the business r8tlonale of significant transa￿l￿n$
outside the norrval course of business and reviewing a¢¢ounting eslim8les for bias,.
Revi9wing minutes of meetings of those charged with go¥emance'. and
Reviewlng financial statement disdosures and testsng to suppotting documentation lo assess complianee
with applirable laws and rggulations..
Because of the inherent limll81ions of an audh, there18 a risk that we wil not delect all irr8gularilies, induding those
leading to a rnaterial misslatemenl in Ihg financial statements or non-compliance wrth ra9ulation. Th1$ risk increases
the ￿Ore that compliance with a law or regulation is removed from the events and Iransadions reflected in Ihg
rinancial statements. as we will be less Ilkely lo becorne aware of inslan¢g$ of noTrcompliance. Tho risk is also
greatgr regarding irregulariligs occurring due to fiaud rather than error. as fraud involve5 intentional concealment.
forgery, collusion. omission or misrepresentation.
A further description of our responsibilities is available on the Flnancial Rfyporting Council's website al: https'.11
www.fr¢.org.ukJ$udilorsresponsibilitieB. This description fonns part of our audilorfs report.
10-

OBAN COMMUNITIES TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED
TO THE TRUSTEES OF OBAN COMMUNITIES TRUST
U89 of our report
This report is made solety lo the charity's trustees, as a body, in ￿￿Ordance with seLXion 87 of the Ctroperatwe and
Community Benefit Soaeties Act 2014: sadion 4411} of the Charities and Trustee Investment {S¢otlandl Ad 2005
and Regulalion 10 of thg Charities Accounls (Scotlandl Regulations 2006. Our audit work has bggn undertaken so
Ihat we might slate lo the charl￿$ trustees those matters we are required to stale lo them in an auditor's report and
for no other purpose. To the fijllesl exient permitted by law, we do not aCCgPt or assume responsibilly lo anyone
other than Ihg tharbty and the charity s Iwsteès as a body, for our audit work, for this report, or for thg opinions we
have formed.
Mr Davld Young (Senior StstutoryAudltor)
For and on behalf of Wllllam Duncan + Co IAud5tl Ltd
Statutory Auditor
Ell8r$18y House
30 Miller Road
Ayr
Ayrshire
KA7 2AY
D81e'.
11

OBAN COMMUNITIES TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
Unre$Mctsd Restricted
fund•
fundg
2025
202S
Total unr￿trICted R•stslcted
fund•
funds
2024
2024
Tolal
2025
2024
Notsg
Income from:
Donauons and lega¢ies
Charitable *ivities
Investments
8,924
288.288
113
48,500
57,424
288.288
113
43.888
268,769
12
188,438
27,011
210,326
295,780
12
Total in¢tsmg
297,325
48.500
345,825
312,669
193,449
506.118
Expendlture on:
Raising funds
Chariiable a¢tlwlies
47,239
261,743
47.239
388,104
41.525
342.479
41.525
510,889
126.361
168,410
Tol•l ?xp•ndliure
308,982
126.361
435,343
384.004
168,410
552,414
Not exponditu
111,6571
177.881)
{89.518}
(71.335)
25,039
I46,2￿)
Transfeis be￿@@n
funds
61,812
161.8121
Net movement In
fund$
50,155
1139.6731
189.518)
171.3351
25,039
I48,2￿)
Reconclllatlon ollund$:
Fund balances al 1 September
2024
(81,6081 2,769.570 2,687.962
110,2731 2.744,531 2,734,258
Fund b•lan¢•¥ at 31 Augu&t
2026
131.4531 2,629.897 2.598,444
(81,6081 2.769,570 2,687,962
The slalemenl of financial actiwiles includes all galns and lossos reccfjnised in the year. All inccme and expenditure
derive from Gonlinuing acllvitie5.
12-

OBAN COMMUNITIES TRUST
BALANCE SHEET
ASAT31 AUGUST2025
2025
2024
Notes
Fixed a$$ets
Twible assets
13
2,971,432
3,071.441
Current agsets
Debtors
C8$h al bank and in hand
14
41,758
69,738
50,992
74,633
111,496
125.62S
Credltor¥: amounts falllng due wlthln
one year
16
1276.283)
1287,1771
Met current Ilabllltl•8
1164,78n
1161,5521
Total assets less current Ilabilitles
2,806,645
2,909,889
Credltots: amounts lalllng due aft•r
more than one year
17
1208,201)
(221,927)
Ngt a$sots gx¢ludlng pgn$Oon Ilablllty
2,598,444
2.687.962
Net a•sets
2,598.444
2.667,962
The funds ofthg charfty
Community shares
Restricted income funds
Unrestricted funds
210,300
2,629,897
1241,7531
210,300
2,769,570
{291,908}
18
2,598,444
2,887,9W2
e financial stalemenls were approved by tho Tru$lg9$ On ... ..
Mr Neil Mccorriskgn
Trustee
Dr Stacey
Trustee
13-

OBAN COMMUNITIES TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST2025
202S
2024
Notes
Cash flows from opornting 8¢tlvltl•s
Cash generated from operations
23
8.240
25,355
Investing a¢tlvltlgs
Pur¢h8s0 of tsngible fixed assets
Investment income re¢eNed
14,1141
113
{116.889)
12
Ngt ¢a$h u$9d In Inv••ting actlvlllg9
14.001}
1116,8771
Flnanclng activltle8
Repayment of borrowings
19.1341
125,178
N•t cash (used Inllgfrn•ratsd from financing
a¢tlvEllag
(9,1341
125.178
Net Id•cr•a5oIlincrea$e In cash and ¢osh
equlvalgnts
14,895)
33,656
Cash and cash èquivaltsnls al be9inning of year
74,633
40,977
Cash and cash equlval•nts at •nd of year
69,738
74.633
14-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting poll¢lès
Charlty Inforn)atlon
The charity is a community benefil society limited by shares and is gov9rned by rts constitution.
regislered as a charity with the Office of the Scottish Charlty Ro9ulalor and regislèrgd as a ctsmmunty benefit
socigty wlth the FInal￿181 Condud Authorfly.
1.1 Accounllng convention
The finanual statements have been Pfepared in accordance with th& requirement of Ihe Charities awj Twstee
Invgstmenl IS¢ollandl Ad 2005, the Charlties Accounts (Scotlandl Regulations 20C6 {8s amended) as well as
the Co-operative ond Community Benefit Societies Act 2014, and the Sl8tem&nt of Recommended Practice
ISORPI 2019. Accounting and Reporting by Chaiilie5 preparing their accounts in ac￿rdance with the
Financial Reporting Sland8rd applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January
2019). The charlty Is a Public Benefft Enlrty a$ defined by FRS 102.
The financial statements are pr8P8red in sterling. which is the fU￿tiOnal Cur￿ncY of lh¢ charty. Monetsry
amounts in these finanryal slalemenls are rounded to th8 neare$l £.
The financial statements have been prepared undei the historical cost ¢onv8nllon. The principal aecounling
policies adopted are sel oul bglow.
1.2 Golng ¢one•rn
The Trust had a nel deffial of É89.518 during the year en(led 31 August 202512024-. net deficit 01 £46.2961
and a8 ¢f that date the Tru51 had nel Current liabilities of £164,78712024'. nel tuf￿nI liabilitiès of £161.552}
and net assets of £2.598,44412024'. nel 8ssets of £2.687.962} that included negative unreslricled lunds 8t 31
August 2025 of £241.75312024'. negative £291,908>. The Trust has made a d8fi¢il in the post year end period
to 31 March 2026 al￿ is forecasting a deficit foi the period endgd 31 August 2027. Howev8r, the fo￿$t$
show there is $yffi¢ient available cash during the period ended 31 August 2027, on the b8S1$ that actual
perk)Tman¢e 18 In line with the forecasted results end for the debts where there ar8 no de￿ned iepaymenl
temis the repayment of these is expected lo be in line with the repayments includèd in lh• forecast5. 11 the
perfoiman¢fr of the Trust 1$ not in lin8 with their forecasts or early repayment is required in relation to any of
the debts. then the Trust may have insufficient funds lo meet their L¥edilof8 as they fall due.
The trustèès arg confident ihai the forgc8$ts are achievable and il 1$ on this basis that these ￿3t￿L91
statements have prepared on a going concem basis.
1.3 Charltsblo funds
Unrastricled funds are available for usg at the discr01￿￿ of the Trusl¥a$ in furtherance of their ¢h8ritable
oble¢tive$.
R9$1rictgd fvnd$ are subject to specific ¢ondilions by donors or gfanlors a$ to how they may be used. The
purposes and use5 of the restriled funds are sel out in the notes lo the financial Statefflents.
1.4 kn¢omè
Income is recognised in the statement of finandal activities when the charity is entitled to income, any
performance CO￿li110nS attach8d have been mel, 11 Is probable that the income will b8 received gnd the
amounl can be quantified with reasonable accuracy. Suth income is only defvrred when the donoi spe(xfies
performance conditions which fflu$l b& met bgfore the charity has unconditional èntitlement. The folbwing
speafie policias are applied lo particular ¢at8gories of income..
15-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
A¢countlng policles
(Continuod}
Donations. grants and legaoles InGlu¢Jing grants for purchase of ffixed assel$, are induded in full in the
$tOtement of financial activitles when receivable. Grants where enlrflemenl 13 not u)nditioDo1 on the d81ivery of
a specmc performance by the charfly, are recognised when the charlly b9￿Me$ unconditionalty enlided lo the
grant.
Oonaled $eNce5 and facllS1ig$ are induded al the v8luo to the charity where thi$ can b8 quanlified. The value
of seryices provldgd by volunteers has not been induded.
Glfts donated for res8le ar9 included as income wllhln adNII95 for generating funds when they 8ffj K*ld.
Incoma from charty shop. cafe 8nd bar are irbcluded in the yoar in which il is recdwJbl$.
tncome from Invèstment is included in the yeOT in which it 1$ receivablg.
1.6 Expenditurn
Expendilure is fe(xJgnised once there is a legal or constructive obligation to transfer econornic beneffit lo
third party, it is probable that a transfer of e￿nOMiC benefits will be required in settlement, and the amount of
the obligation carb be measured reliably.
AU gxpenditure is accounted for on an acuu81 basis. All expenses Induding SUFfQrt Costs and govemance
costs are allocated on an appropriate basi8 to the varfous activit￿$ of the charity. Where costs onnot be
allocated directty. they ar8 apportloned lo the calego)ries on the basis of a rèasonable estimate of costs.
Govemance costs indude those costs necessary fctr Ihe board to lulfil it$ conslitubonal and statsjtory
obligations and are now included as 8ilPPQrt wsls included in charitable a¢lOvrties.
Support Costs are those costs incurred directiy In support of expenditure on the objed5 of the ¢harily and
inthde profr¢t managernenl.
1.6 Tanglble Ilxed •¥gets
Tangiblè fixed assets are Initially measured 81 cost and subsequently measured al cost or valuation, net of
depre￿at￿n and any impaimient losses.
Depreciation is recognised str as to write off the cost or valualion of ¥8sets le$s Iheir residual ￿lueS over their
usgfvl lives on the following bases..
Fre&hold property
Planl and equipment
Fixtur85 and frttings
Office equipment
Building works
2% straight Ilne
25% straight line
25% 51raighl lin8
25% straighl line
2Vo Straight line
The gain or loss arising on the dlsposal of an asset Is determined as the dSfferencg befvleen the sale proceed$
and Ihe carrwng value of the asset, and Is rfr¢ogn5s9d in the ststem8nt of financial activities.
1.7 knpaimient of fix•d as$•ts
At each r8POrting end date, the charity reviews the c8frying amoun18 of its tanglble assets lo detemiine
whether there is any indication that tho$8 8sselS have suffered an impairment los$. If any such indratlon
exists. Ihg r¢￿Ve[able amount of the 8sset is est1rn81ed in Order lo delemiine the extent of th8 impairment
lo$¥ lif any).
16-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Accountin9 poll¢l•g
{ContSnugdl
1.8 Cash and ¢ash equlvalents
Cash and cash equivalents include cash In hand. deposits held al call with banks, other shorktemi liquid
inveslmenls with original malurilies of thrge months or19sg, and bank overdrafts. Bank overdrafts are shown
wolhln borrowings in current liabilities.
1.9 Flnonclal lTrBtruments
The charity has elected to appty the piovisions of Sectlon 11 'Ba$i¢ Finan¢ial Instruments, and Section 12
'Qlher Financi41 Instruments Issues, of FRS 102 to all of 11$ finandal instnjments.
Financ4al instruments are fecognised in the charity's baL4nce sh8el when the charity becomes paFty lo the
contr*ual provisions of the instrument.
Flnancial asset8 and liabil'tigs are offset, with the nel amounts piesentsd In the financial slalempnls, whpn
there is a legalty enfoiceable right lo $01 off th8 recognised amounts and there is an inténtion to settle on a net
basis or lo realise Ihe asset and settle the118billty simultsneously.
Baslc financial assets
Basic financial assets, which includ8 debtors and cash and bank balances, a￿ initially measured at
tr8nsgCtion price including transaction Costs 8nd are subsequenlty carried at amortised cost using the eff&ctiV8
Interest method unl8ss the arrangement constitutes a Ilnanung tran$a¢lkin. where the transaction 1$
measured al Ihe present value of the fvlurfj receipts discounted al a market rate of irlterest. Financial assets
dassifi•d as receivable wrthin one year a￿ not amortised.
Basic financial liabilitie$
Ba81¢ financial li8bilitie$, induding creditors and bank loans are initially re¢ognisgd at tr8nsaclion pri￿ unless
the attangement constitutes a financing transaction, where the debt instrurnenl Is measured at the present
valuè of the luluie payments discounted al a market rale of interest. FinanGial liabilities classified 8$ payablg
within on• yèar are nol amortised.
Debt instruments are Subsequenlly carrled al amortlsed cosl. usln9 the eff￿tive intsrosl rate melhod.
TT8dg creditors are obligations to pay for goods or services that have been a￿Uired in the ordinary ¢ourse of
operations from suppliers. Amoun1$ payable aro ¢lassifigd as current liabililie5 if payment is due within on&
year or less. If not. they are presented 8$ notscurrent liabilities. Tr8de creditors are recognised Initial￿ at
transaction price arbd subsequently measured al amortised cost using the effeclw8 #11gfOSt method.
Dere¢ognhloft of flnan¢lal Ilabllltles
Finan¢i81 ￿8￿"IrtieS are derecognised when the charty's contrBCtUBI obligath)ns expir8 or are di$th•tged or
cancelled.
1.10 Taxation
The Chartty 1$ exempl from corporation lax on its ¢harit8bl• actNities.
1.11 Employo? bgnefits
The ¢o$t of any unused holiday enlrtlèmgnl Is rgcognlsed in thg peilod In whSch the employee's seNces are
ieceived.
Termination benefits are recognised irnmediately as an expense when the charity is d8monslrably committed
to t&miinat• th• employment ol an empkjyoe or to provi¢Je t&min81ion beneffts.
17-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
Crftlcal accounting e8tim¥t•s and Judgements
In the appllc915on of Ihg charity's accounting policies, the Truste¢$ are required to make judgements.
es1imale5 and assumptions about the carrying amount of assets and liabilities that are not readily 8pparenl
from other sources. The esllmates an(1 associated assumplKins are based on historical expefiènce and other
factors that 8fe con$idgred lo be relevant. Actual resufts fflay differ from Ihesg estimate5.
The eslimale5 arKI undedying assumptions ale rewewpd on an ongoing b8si$. R8vision5 to ac¢ounling
$timate$ are recognised in thè period in which the estimate is rewsed where the revlslon affects cfjly that
period, or in the period of the Tevision and future periods where tho r$vSsion affects both current and futur8
P8ri0ds.
Intome from donatlons and lega¢l•$
Unregtrlctèd R•strictsd
lund8
fund$
2026
2025
Total Unrestrfcted Re¥trlcted
fund8
funds
2024
2024
Total
2D25
20Z4
Dowdtions and gffts
Grants
12,144
(3.220)
12,144
45,280
18,676
25,212
18,878
191,650
48.500
168,438
8.924
48,500
57.424
43,888
106,438
210.320
Grants
Argyll antj Bute
Grants
EB Sc£Jtland Ltd
Bid40ban
National Lottery
Robertson Trust
Oban Common Good
Fund
DTA Scotland
TSI - Growing
connections
Biffa Waste
Scottish Book Trust Week
Drax De•fib
NHS Highland Screening
Wortshop
Abcan Comrnunity
Gard¢n
MOWI
110,7201
(10,7201
27,200
10,212
15.000
100.000
110,212
15,000
20,000
5,000
16.500
13.000
27,200
20,CrtJO
5.too
16,500
13,iK)O
13,CQO
13,000
4,￿0
4,200
4.IX)O
4.200
2.100
2,1CWJ
7,SOO
1.250
750
700
1,250
750
1,500
1.000
1,000
1,000
1,000
3.738
3,738
13,2201
45,280
25.212
166,438
191,050
18-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
I￿oMe from charitable a¢tivltl•8
Unrgstrlct•d R•strktsd
fund8
funds
2025
2112S
Total Unmtrf¢t•d Restricted
fund$
fund•
2024
2024
Total
2025
2024
Charitablg actlvftlgs
Arts & Culture-
perform8nces
Events. workshops &
ass8s
Carpark income
Hire of space8- main
building
Clippgr project
Cafe Rowan & bar sal&s
Rental in¢ome- lenanls
Other income
Shop income
4.999
4,999
5,202
5.202
40.424
89.502
40,424
89,502
1,615
74,780
1.615
74,780
38,121
38,121
42,197
42.197
26.000
99,103
31,669
2,666
12,548
26,000
45.040
34,570
24,305
11,327
45,040
34,570
24,305
11,327
99,103
31,669
1,655
12.548
1.011
288,288
288,288
268,769
27,011
295,780
Income from In￿¥thi￿ts
Unro$trl¢t•d Unrnstrlcted
funds
funds
2026
2024
Interest receivable
113
12
Exppnditurg on rnl¥lng fund$
Unrestrlctsd Unrn$tri¢ted
funds
fund¥
2025
2024
Ral$lng lunds
Cafe Rowan & bar purcha5e$
C8fpaTk management charges
Cafe Rowan & Bar- Maintenar￿e & cleaning
22,355
18,395
6.489
23,239
13,802
4,484
47.239
41,525
19-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2Q25
Expendltur• on charitsbl• o¢llvltl
Charil•blg
activities
2025
Charftablo
a¢tlvitie$
2024
Direct ¢o$ts
Stsff eosts
Depre¢iatv)n and impairment
Rates and water
Insuran
Light and heat
Sundries
Material & equty)menl
Marketing costs
Licences & $ubscriplion5
Other premises costs
Laundry 8 ¢leanlng
Equipment maintenance costs
Property maintenance costs
Training cos15
Communications
Performance fees
Tutor costs
Events & workshop$
Activity costs
Consthncy & prolesslon81 fees
Bad debts
112,044
104.123
4,377
16.923
32,119
256
198.151
113.408
4,183
29,160
32,963
742
4.112
4.394
1,372
5,293
4.085
4.587
4.485
54e
548
1.933
3,086
6.439
16,434
11.661
3,038
1.855
4,203
312
1,429
8,6C6
130
1,849
28,287
7,226
20,781
18041
346,756
458.693
Share of support and govgrnanco ¢o$ts (S￿ note 81
Support
Govemance
7.972
33.376
11,274
40,922
388,104
510,889
Analy$l$ by fund
UNrestr￿@d lund¥
Reslrlcted fijnds
261,743
126,361
342,479
168,410
388.104
510,889
20-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Support ¢osts allocated to activitieg
2025
2024
Bank charges
Communication & IT¢osts
Other Olfice expgnses
Govemance costs
2,981
4,404
587
33.376
4,555
5,408
1,311
40,922
41.348
52,196
Analysed between:
Charitable activthes
41,348
52,1
2025
2024
Governan¢g Costs comprlse:
Audit fegs
Accountancy
Legal and professional
HMRC penalties and Inleiest
Loan interest
14.250
4.792
6,708
23,000
13,410
2,740
169
1,603
7,826
33,376
40,922
Net movoment In fund¥
2025
2024
Th& net mOve￿nt in funds 55 slated after chargtWlcrediiing).'
Fees payable lor the audit of the Ch￿lty.S financial stalemgnts
Depreciation ol owned tangible fixed assets
14.250
104.123
23.000
113,408
10 Thistsgs
There wa8 no trustees. expense8 pald for the year ended 31 August 2025 nor for Ihg year ended 31 August
2024.
There was no Iruslees. femuneratlon or oiher benefrts for the year ended 31 August 2025 the year ended
31 August 2024.
11 Employee•
The average monthly number of 8mployees duriNJ the ygar was..
2025
Numbèr
2024
Numbgr
Cafe and $hop staff
13
21

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
11 Ernployee$
EThploym•nt cojts
2025
2024
Wag05 and salaries
Other pension costs
110,588
1,456
195,378
2,773
112.044
198.151
There were ￿ employees whose annual r8mun8ralion was more than £60.000.
12 Taxation
The charity Is exenwl from taxation on 115 actiwlles becoUS8 all ils income 15 applied for charitsble pury)oses.
13 T*ngible fixed •$sets
Freehok]
pwwrty
Plant ond Fthr•s Ond
Iprn•nt
flttlngs
OfiietrBulkllng
•qLlpm•m
Total
At 1 September 2024
AdditK*ns
2,914.641
25,651
354
169,622
2,783
3,302
977
345.895 3.459,111
4,114
At 31 August 2025
2,914.641
26.005
172,405
4.279
345,895 3.463,225
Dgpr•cl#tlon and
Impairn)ent
Ai i September 2024
Depreclation char9&d in the
year
230,578
18.820
115,527
2.609
20.136
387,670
58.287
5.e85
32,837
8.918
104,123
At 31 August 2025
288,865
24,505
148,364
3,005
27,054
491,793
Carrylng amount
At 31 August 2025
2,625.776
1,5
24.041
1,274
318,841 2.971,432
At 31 Augu￿ 2024
2,684.063
6,831
54.095
693
325,759 3,071,441
14 Dobtors
2025
2024
Amounts falllng due within one year:
Trade debtors
Prepayments and accrued income
20,143
21.615
13,415
37,577
41,758
50,992

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
15 Loany and ov•rdrafts
2025
2024
Other loans
297,544
306,678
Paygble within one year
Payable after one year
199,343
98,201
194,751
111,927
10 Cvedltor8: Amounts falllng due wlthin ono y•*r
2025
2024
BorTowings
Other t8xalion and social security
Trade ¢redilor$
Other crediiors
Accruals and dgfvrred irKome
199,343
10.088
33.037
194,751
15,660
35.939
573
40,254
33,815
276,283
287.177
17 Crgdltors: amounts falling due aft•r more thath one year
2025
2024
Borrowings
Other credilor8
98,201
110.000
111,927
110,000
208.201
221.927
23-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
18 Rgstrictsd fvndg
The restrided funds of the charity cornpr￿e the unexpended balances of donatic*n$ and grants held on trust
Subject lo specific conditions by donors as to how t￿Y may be used.
At1
September
2024
Incomlng
resources
Restsurc•s
•xpend•d
Trnn¥ler8 At 31 August
2025
Nat. Lolt8ry Capital
Scottl$h GOVL Capital
HES
C￿P Founijallon
Other caprtal funding
National Cornmunty Lottery
A&B PBIP
EB Scotland
E¢0 Creative
BSA Science Week
Adapt & thrive
Drax Grant
Dye Garden
SG PBIP
Garden Deveknpmenl
Scottish Booktiusl Fund
Book Week S¢oll8nd
Rob&rt$on Trust
Iliam Grdnl
WG Wortd Cafe
Biffa Waste
Drax De-fib
NHS
AecAN
MOWI
DTAS
753.369
869,932
65,983
36.737
1,004,850
11,000
97,674
20,000
6.817
1.298
3.460
1,364
1.499
49.553
(16,8141
{1 S,4511
15301
18471
130,2811
111,0001
11,5261
(8001
736,555
654,481
65,453
35.890
974,569
13.724)
92,424
19,200
16,8171
11,2981
11,2581
{796}
11,499}
(3861
{40,(K)01
15001
12031
12,2021
(5681
127,176)
21,991
700
(700)
203
13,OlJO
25,000
2,200
1.250
750
(11.916)
1.084
2S.000
(2.2001
1.250
750
1.250
(2501
{1,0001
{1,0001
12,1001
1,000
1,OLX)
2,100
5,331
15,3311
2,769.570
48,500
1126,361}
161.8121
2.629,897
-24-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2025
18 R•$trlcted fund$
{Continu•d>
Pr•vlous year:
Atl
Septemb•r
2023
Incomlng
r¢¥ourtt¥
Resour¢•¥
expended
Translern At 31 Augu$t
2024
Nat. Lottery Capital
Scotttsh &)vt. Capital
HES
Co-op FoundatK>n
Other capital funding
Herttage Lottery Fund- People
& Place
National Comrnunrfy Lottery
A&B PBIP
EB Scotland Ltd
Eco Creative
BSA Science Week
Adapt & thrive
TSI Growing Connections Grant
Drax Grant
ABC Lego Club
Dye Garden
SG PBIP
Garden Developmenl
Scoltish Booktrust Fund
Clipper project
War Memorial
Book Week Scotjand
Robertson Trust
Oban Common ￿0d Fund
Bid4oban
DTAS
770.184
685.384
66.513
37.584
1,045.531
(16,815)
115,452}
(530)
184n
140,6811
753.369
669.932
85,983
36.737
1,004.8SO
1,898
2,066
{1,8981
17,5661
12,3261
16,500
100,000
20,000
3.738
11,000
97.674
20,000
6,817
1.298
3.460
3,393
1,298
3.460
1.601
1314)
(1.601>
912
1,499
76,344
40,000
500
(912)
1,499
49,553
40,000
500
(26.791>
26,OL>D
787
224
13.ClOO
4.000
5.000
4.200
(26.0001
17871
{211
(13.0001
14.000
15.0001
13.869)
203
s,000
5,331
2.744.531
193,449
{168,410}
2.789,570
-25-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
18 Re5tr1cted fund$
IC¢ntlnu8dl
Funding from Thg National Lottery - ComM￿ty Asset Funding INaL Lottary Capital): ScotU$h Govemmet)t
Region81 C8PIt81 Grant Fund Argyll & Bute Council Iscottlgh GOVL Capltal).. Highlands & Island5
Enterprise.. Covop Foundotion are all to support C8plal works. In addition, the fund called "Other Capi181
Funding" represents the balanc& of funds secured specrficalty for Ihe refvrbishmenl of the buikling.
Historic En￿ronment Scovand IHESI contributed to the ￿heme of repair- capit81 works programme.
Nalonal Community Lottery- operational support to Support Covld response staffing and ¢uKural programff
post lockdown.
Argyll & Bule Place Based Investment Progr8mme IA&B PBIPI and EB Scotland Ltd 9ranls represent support
for capital works.
EcovCrealNe Cluster- to support th? d&velopm8nt of Dye Garden.
BSA SdenR week- to support STEM activity.
Adapt & Th￿ve - to support the Trust through the Covld recovery p8dod. including the estab16shment of a
welness wogrammo.
Dr8x- lo support the fil out of the servery.
ABC Dye Garden 2022 (Dye Gard•n}- to SUPPOrt the establishment of a Dye Garden al the Rockfield Cenlre.
Scottish Govemm9nl Pkacg Based Inve$lmenl Programme ISG PBIPI - to cr8ale a 2(hminule neighbourhcod
hub where visitors can enjoy outdoor spaces whS1sl utilising services available.
Gar¢Jen Development- to support thg developrnenl of a garden project which would help wilh food gr0￿h and
the provision of D)mmunity allotments.
Scottish Book Trust- to support the benefits of rèading and willing across Scotland.
Book Week ScoUand- lo support the benefit of reading and1Sleralure Ihroughoul Scolland.
Robertson Trust- lo support the bookings co.ordinator ro19 wlthin the charity.
The Willlam Grant Foundatoon 'Worfd Café, (WG Worfd C•fel - to 5UPPOrt a worfd café communtty
engagement event.
The Wdliam Gronl Foundallon grant (Wllllam Grant) - lo support the operations manager role within th•
charity.
Biffa Waste- to cover a future InktsAtive lo prevent waste, InGrea$e reuse andlor r•cyding, improve 8ducalion
aTrJ promole Innovation.
Drox De•Flb- grant for the ￿quISItIOn of 8n extemal defibrillator unit.
NHS H￿hland Screening W¢rkshrJp {NHSF to use artS-ba8&d o)mmunty enga9emenl to Inc￿8$9 knowledge
ofhealth sueening programme8.
A8CAN Communty Garden {ABCANI - lo support the project leader and provide matèrials for the ￿mmUnity
garden
MOWI- to support a salmon themed pop-up kitch8n event
Development Trusts A$$ociatton Scotland IDTASI - to assisl with professlonal fees and HR supporL

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGusf2025
18 Restrlctsd funds
Icontinuedl
Oban Common Good Fund was lo sUp￿rt the freelance e￿nIS manager within the charhy.
Bid4oban was to support the dl)per projec*.
19 Unr•$tri¢t•d funds
The unre$tricled fund$ of the charity comprise the unexpended balances of donation8 and grant5 which are
not subject to specific conditions by donors an(1 grantors as lo how thgy may be used. These #ichjde
desi91)aled fund$ which have been $91 aside out of unrestricted funds by the trustees for specific purpo$es.
Tranyfern At 31 August
2025
At1
Septsmbgr
2024
In¢oming
ourc
Rgsourceg
expended
Gènwal funds
1291.908)
297,32S
1308,9821
81.812
1241.753
Pr•vlous year,
At1
soptsmber
2023
In¢omlng
rgsour¢e*
Rgsour¢
•xpended
TAnsfers At 31 Augu¥t
2024
General funds
1220,5731
312,669
(384,004)
1291,9081
20 Anatysis ol neta•$•ts between fund¥
Unr•strlctsd
lundg
2025
Rg¥trl¢l•d
fund$
2025
Total
2026
At 31 August 2025:
Tangible assets
Current assetsllliabililies)
Long temi habilities
Community shares
215,869
1194,1211
153,2011
1210,300)
2.755.563
29,334
1155,0&)1
2.971,432
(164.787)
1208,2011
(210,3001
(241,7531
2,629,897
2.388.144
-27-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED)
FOR THE YEAR ENDED 31 AUGUST2025
20 Anatysls of ngt •5s•ts between fund8
{Continu•dl
Unrestrlctsd
fund9
2024
Rostrlet•d
fund
2024
Total
2024
Al 31 August 2024:
TAn9ibl8 assets
Current asselsllliabililiasl
Long term lia￿l￿(e5
Community shares
373,339
1233,0201
(221,9271
(210.3001
2.698.102
71.468
3.071,441
1161,552}
1221,92n
1210.300}
(291.908)
2.769,570
2,477.862
21 COMMUNITY SHARES
Community $har8s al the balanca shgel dale were ￿l0,300(2024 - £210,300). There were no new shares
issued by the Soclety during the year. Shareholders are enlitlad lo one volg regardless of the ?mounl of
shares held. Totsl membgrshlp as of 31 August 2025 74512024. 7451.
22 Related party tran¥•¢tlong
Induded in "Other loans" 1$ £105,617 12024 - £105,61n aifvanced by a fomier Trustee. This loan is
repayabl& on agreement and does not bear gny interest.
23 Cash generatsd trom oporation$
2025
2024
Defficil for the year
{89.5181
(4fj,2￿)
Adlustrnents for:
Investment income recognised in slalement of finanaal aclivilies
Depre¢iatK)n 8nd Impalmipnl of tangible fixed assets
(113)
104,123
112)
113,408
Movements In worklng capltal:
Ilncrease>ldecrease in slocks
Decrease in dèbtors
Decrea8el in cr8ditors
800
13,697
156,242)
9,234
115.486)
Ca$h g•n•ratod from operatlons
8,240
25,355
-28-

OBAN COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
24 Analy$l$ of changes in nel Idgbt)Ifun(1g
At 1 S*pt•mbgr
2024
C4*h 110￿ At 31 AugU*t
202S
Cash at bathk and in hand
74,633
(4.8951
69.738
Loans falling due within one year
Loans falling due aftw more than one year
1194,7511
(111,92n
(4,5921
13,726
(199.3431
198.201)
1232,045)
4.239
{227.806)
-29-