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2025-09-30-accounts

REGISTERED CHARITY NUMBER: SC045727

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

FRIENDS OF TARLAIR COMMUNITY GROUP

Ritsons Chartered Accountant & Statutory Auditor 26-30 Marine Place Buckie Moray AB56 1UT

FRIENDS OF TARLAIR COMMUNITY GROUP

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Statement of Trustees' Responsibilities 6
Report of the Independent Auditors 7 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 23
Detailed Statement of Financial Activities 24 to 25

FRIENDS OF TARLAIR COMMUNITY GROUP

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 SEPTEMBER 2025

TRUSTEES Mrs P Wain Chairperson
Mrs D Shearer Secretary
Mrs L Smith Treasurer
Mrs A J Kinghorn (resigned 30.4.25)
Mrs J Rumens (resigned 2.10.25)
Mrs J Gauld (resigned 7.1.25)
Mrs H Daniel (resigned 15.11.24)
Lady N J Nejman (resigned 2.10.25)
Mrs M Whiteside (appointed 28.2.25) (resigned 25.1.26)
D Spivey (appointed 28.2.25) (resigned 20.1.26)
Mrs J Smith (appointed 8.5.25)
Mrs M Cruickshank (appointed 18.5.25) (resigned 2.10.25)
R C Wilson (appointed 30.10.25)
C Wallis (appointed 30.10.25)
T Smith (appointed 30.10.25)
J Horning (appointed 30.10.25)
PRINCIPAL ADDRESS 26 Seatown
Gardenstown
Aberdeenshire
AB45 3YQ
REGISTERED CHARITY SC045727
NUMBER
AUDITORS Ritsons
Chartered Accountant & Statutory Auditor
26-30 Marine Place
Buckie
AB56 1UT

Page 1

FRIENDS OF TARLAIR COMMUNITY GROUP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The group has been formed to rescue from ruin, restore and renovate the Tarlair Outdoor Pool complex, and to put in place a viable plan for its future use going forward.

The group promotes the interests of Tarlair, to include all business, cultural, social and community activities and organises recreational, social and fundraising activities for the enjoyment and benefit of communities of Macduff and the supporting areas.

Page 2

FRIENDS OF TARLAIR COMMUNITY GROUP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025

ACHIEVEMENTS AND PERFORMANCE Charitable activities

Project Completion:

The project Stage known as Phase 2 completed on the expected date of 15th November, 2024. On this date the Pavilion and Workshop was handed over to our community group and at the same time our project coordinator left his post. Reports and finances were dealt with by our chair from that date. However due to Openreach not recognizing our new postal address we could not take over the site until March because of lack of security due to no connections. Eventually Sky was installed successfully.

Stalling of the Project:

The completed building was completely contained within industrial fencing due to council concerns for safety regarding the cafe's close proximity to water, and the threat of a landslide at the rear due to a single rock falling. This industrial appearance threatened the viability of the project. An alternative answer was found in using bollards to create a sort of public warning. This was designed by our architects to have little negative visual impact.

Business Options:

We had been strongly advised to put the building up for a cafe franchise. We could expect, at most £12,000 annually in this area for a franchise. We quickly realised this would not support Phase 3 of this restoration project nor support maintenance of Phase 2 (cafe and workshop). We recognized the only way forward was to aim for a volunteer run business, but there was a need to have a permanent cook to create a stable work unit. We applied to Aberdeenshire Employment Recruitment Initiative and were successful in securing £8,000 one year payment to employ Rosie Martin who started working a fortnight prior to opening in the middle of March, 2025. Doreen organized volunteer recruitment days, and we quickly had our workforce. Tarlair Food Hygiene documents had been prepared prior to this and we were given our pass for opening.

Opening

We had a special invitation opening day prior to the cafe opening. Our Lord Lieutenant gave a fantastic speech, as did James the lead architect. Tripple plus Irene on the harp entertained us. Banff Castle Pipe Band piped us in. It was a lovely occasion.

Awards

Both architects and contractors won Gold Awards for the conservation work and on the design and the build during the course of this year.

Architects

Retaining the architects has allowed the planning for Phase 3 to go ahead while we concentrate on the success of the cafe. Tidal Survey and Bathymentric surveys have been organized as part of progress. December/25 was a date mentioned for presentation to Planning.

Fundraising

The cafe project is our main fundraising focus, where all profits will go to building and full site maintenance, and all donations will go towards Phase 3 and structural site completion. Our website works as a diary of work and missions completed where we have a paypal donate button. This is well used and will continue to build a substantial fund to put towards Phase 3. One of our Trustees has made and sold a substantial amount of toffee securing a fantastic amount to add to our funds. The public often donate to the ongoing project at the till.

Crown Estate

Our funds up to RIAS Stage 3 came from Crown Estate. They have retained their interest, and have interviewed us at the Pavilion for their own publicity. AHF also continue their support.

Supporting the Community

We have been able to gather some very reliable volunteers with some special needs. Our ability to retain such hard workers supports our Community purposes which in turn is appreciated by most funding bodies.

Page 3

FRIENDS OF TARLAIR COMMUNITY GROUP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025

How the cafe works

Our main purposes are community based, so we have tried to open on the traditionally closed days, and to work through most of the winter since that is the 'lonely' times. To retain a worker on a 40 hour week, the volunteers are working the Saturdays and Sundays with no lunch being served on Sundays. We are aware that the volunteers doing all the cleaning after hours is not viable in the long term and will need to be looked into for improvement.

Cafe success

The cafe has been very busy from the outset with queues both inside and out. A new serving hatch to serve to the roof terrace was installed. We take money via sum up and continue to take orders at the table, partly because our volunteers are mostly with us because they enjoy interacting with the customers. Our takings surpassed our projected accounts by quite a lot.

Merchandise

We continue to get our merchandise from Karenspics, and everything sells well.

Snagging period

This will finish in November. A list of items to be looked at has been made. As long as we have logged them with Willox by Nov. 15th/25 they will be obliged to complete them.

Cafe Space

There is interest from ladies who take yoga who wish to use the cafe space at our normal space rental costs.

Workshop

Although there are workshop bookings we have not had the time as yet to get full use of this space.

Rosie Martin, our cook has intimated that she will be following a missionary path to Germany, so our cook's job will be opening up. At this point we are unsure if we will have to return the EIS money received to date.

We continue to work towards our goal, and trust we can successfully achieve Asset Transfer Status for the whole Tarlair site.

FINANCIAL REVIEW

Reserves policy

Friends of Tarlair Community Group operates two types of Reserve. A General Reserve with a balance at the end of the year of £85,424 (2024 - £30,504) is used to fund day to day operations, and a Restricted Reserve with a balance at the year end of £2,165,394 (2024 - £1,786,375) which has been received for a specific purpose or project.

We aim to retain reserves at a level sufficient to cover 3 months' costs for maintenance etc.

Page 4

FRIENDS OF TARLAIR COMMUNITY GROUP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025

FUTURE PLANS

2026 onwards - Plans for Tarlair Swimming Pool

Phase 3 of 3 Phase for Tarlair - full conservation renovation of the Art Deco structures

Tarlair conservation repairs were set out in a 3 Phase plan as created by John Addison of Addison Conservation and Design in 2013.

Phase 1 repaired the central area between the boating pool and swimming pool, the boating pool itself and the surrounding terraces. Completed in December 2014.

Phase 2 - The Pavilion community cafe and workshop saw a full renovation to a high conservation standard. Completed in November 15th, 2024.

Phase 3 - (2025 onwards) Will complete all conservation repairs of this unique triple pool design Lido, and will bring a tidal fed outdoor pool back into community use.

The letters of support for this facility have come from both professional bodies, and many open water swimming clubs and enthusiasts. Outdoor educators in water related adventure activities will be sought to join us as we move forward. Our Business Plan takes into account this support and the long-term plan will be supported financially by the cafe profits where most staff work as volunteers.

Our Business Plan is completed, planning permission has been granted and we are working with Aberdeenshire Council to try to gain Asset Transfer for a 99 year Lease. We have this for the Pavilion.

Having Asset Transfer will put us in a position to apply for Capital funding to take the final phase of the project to its conclusion bringing an architectural gem back into community use and become a jewel in the crown of the N.E. tourist industry.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes a Scottish Charitable Incorporated Association (SCIO).

Recruitment and appointment of new trustees

Any person, nominated individual or body who/which wishes to become a Charity Trustee must sign a written application for Charity Trusteeship, which will then be considered by the Board at its next board meeting. The Board will notify each applicant promptly in writing of its decision.

Approved by order of the board of trustees on ..29 June 2026.... and signed on its behalf by:

R.C. Wilson........................................ R C Wilson - Trustee

Page 5

FRIENDS OF TARLAIR COMMUNITY GROUP

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and The Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FRIENDS OF TARLAIR COMMUNITY GROUP

Qualified Opinion

We have audited the financial statements of Friends of Tarlair Community Group (the 'charity') for the year ended 30 September 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the effects of the matter described in the Basis for qualified opinion section, the financial statements: - give a true and fair view of the state of the charity's affairs as at 30 September 2025 and of its incoming resources and application of resources, for the year then ended;

Basis for qualified opinion

During the year the charity began the running of a cafe for which cash income was received. Initially, no formal till or recording procedures were undertaken which has resulted in there not being sufficient audit evidence to support the cafe income that was received during the year. The value of cafe income included within the financial statement for which there was insufficient audit evidence amounts to £114,000. The charity is now running with better procedures and operating a formal till system in addition to a card machine to ensure that this income stream can be evidenced reliably in the future.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FRIENDS OF TARLAIR COMMUNITY GROUP

Matters on which we are required to report by exception

Except for the matter described in the basis for qualified opinion section, we have nothing to report in respect of the following matters where the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FRIENDS OF TARLAIR COMMUNITY GROUP

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of the audit planning procedures, the responsible individual and engagement team obtained an understanding of and discussed the legal and regulatory frameworks that are applicable to the entity, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on the operations of the entity. The key laws and regulations we considered in this context included the Charities and Trustees Investments (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006 and FRS 102 (Charities SORP (FRS102)). Other specific laws and regulations which would have a material effect on the charity are employment laws, tax laws, GDPR and AML regulations.

The engagement team discussed non-compliance with laws & regulations at the audit team planning meeting. The engagement team made enquiries of management regarding their assessment of the likelihood of fraud or error or noncompliance with laws & regulations which could lead to a material misstatement in the accounts and whether they were aware of any instances of fraud or non-compliance.

The responsible individual was satisfied that the engagement team had the appropriate competence and capabilities to identify or recognise non-compliance with laws & regulations during the audit.

The engagement team reviewed records to identify any legal and regulatory correspondence, including any correspondence with OSCR, alongside enquiries of management as part of the audit fieldwork. The team did not identify any key audit matters in relation to irregularities, including fraud.

Part of the engagement team's assessment of non-compliance with laws and regulations included a review of the risk of management override of controls. This was carried out by way of a review of journals posted to the financial records, reviewing accounting estimates and significant transactions that are outside the normal course of operations, to identify any material misstatement which may be due to fraud. Additional reviews were carried out in relation to large and unusual transactions, indicators of window dressing and undisclosed related party transactions.

The engagement team considered whether there could be fraudulent revenue recognition by way of a review of revenue recognition accounting policies, testing material income streams and testing cut-off at the period end date. The disclosures within the account were reviewed and agreed to supporting documents to assess compliance with laws and regulations. A Disclosure Checklist was carried out to confirm that the financial statements comply with current accounting requirements.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FRIENDS OF TARLAIR COMMUNITY GROUP

However, future events or conditions may cause the charity's to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Aileen Haslam, C.A.

Ritsons Chartered Accountant & Statutory Auditor 26-30 Marine Place Buckie Moray AB56 1UT

Date: ....29 June 2026...........

Page 10

FRIENDS OF TARLAIR COMMUNITY GROUP

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Other trading activities
4
Investment income
5
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
General
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
fund
fund
£
£
6,527
411,620
140,210
-
85
-
146,822
411,620
33,825
-
58,077
32,601
91,902
32,601
54,920
379,019
30,504
1,786,375
85,424
2,165,394		 2025
Total
funds
£
418,147
140,210
85
558,442
33,825
90,678
124,503
433,939
1,816,879
2,250,818		 2024
Total
funds
£
1,340,972
4,169
1,622
1,346,763
899
56,072
56,971
1,289,792
527,087
1,816,879

The notes form part of these financial statements

Page 11

FRIENDS OF TARLAIR COMMUNITY GROUP

BALANCE SHEET 30 SEPTEMBER 2025

FIXED ASSETS
Tangible assets
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
Notes
13
14
15
16
17		 Unrestricted
fund
£
7,515
500
768
100,800
102,068
(24,159)
77,909
85,424
85,424
fund
£
2,117,394
-
1,234
46,765
47,999
1
48,000
2,165,394
2,165,394
Restricted		 2025
Total
funds
£
2,124,909
500
2,002
147,565
150,067
(24,158)
125,909
2,250,818
2,250,818
85,424
2,165,394
2,250,818		 2024
Total
funds
£
1,770,445
500
109,805
52,571
162,876
(116,442)
46,434
1,816,879
1,816,879
30,504
1,786,375
1,816,879

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

R C Wilson............. R C Wilson - Trustee

L Smith................. L Smith - Trustee

The notes form part of these financial statements

Page 12

FRIENDS OF TARLAIR COMMUNITY GROUP

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
451,341
(88)
451,253
(356,344)
85
(356,259)
94,994
52,571
147,565		 2024
£
1,339,504
-
1,339,504
(1,392,154)
1,622
(1,390,532)
(51,028)
103,599
52,571

The notes form part of these financial statements

Page 13

FRIENDS OF TARLAIR COMMUNITY GROUP

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.
Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
Decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operations
2025
£
433,939
1,880
(85)
88
107,803
(92,284)
451,341
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES		 2024
£
1,289,792
468
(1,622)
-
23,745
27,121
1,339,504

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Total		 At 1.10.24
£
52,571
52,571
52,571		 Cash flow
£
94,994
94,994
94,994		 At 30.9.25
£
147,565
147,565
147,565

The notes form part of these financial statements

Page 14

FRIENDS OF TARLAIR COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. GENERAL INFORMATION

The charity is a public benefit entity and a registered charity in Scotland as a SCIO. The address of the principal office is 26 Seatown, Gardenstown, Aberdeenshire, AB45 3YQ.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings - 20% Reducing Balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

The charity is exempt from tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

GOING CONCERN

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

continued...

Page 15

FRIENDS OF TARLAIR COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. DONATIONS AND LEGACIES

Donations
Grants
Aberdeenshire Council
Co-op Community Grant
Deveron District
Architectural Heritage
Foundation Scotland
4.
OTHER TRADING ACTIVITIES
Fundraising events
Merchandise sales
Cafe sales
Pavilion hire
5.
INVESTMENT INCOME
Deposit account interest
Interest receivable - trading
Grants received, included in the above, are as follows:		 2025
£
5,421
412,726
418,147
2025
£
352,220
1,106
-
15,000
44,400
412,726
2025
£
362
1,467
137,721
660
140,210
2025
£
85
-
85		 2024
£
9,573
1,331,399
1,340,972		 2024
£
9,573
1,331,399
1,340,972
2024
£
1,329,655
744
1,000
-
-
1,331,399
2024
£
3,630
539
-
-
4,169
2024
£
9
1,613
1,622

Page 16

continued...

FRIENDS OF TARLAIR COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025

6. RAISING FUNDS

RAISING DONATIONS AND LEGACIES

Fundraising expenses
OTHER TRADING ACTIVITIES
Opening stock
Purchases
Closing stock
Aggregate amounts
7.
CHARITABLE ACTIVITIES COSTS
General
8.
SUPPORT COSTS
General
Support costs, included in the above, are as follows:
Bank charges
Depreciation of tangible fixed assets
Auditors' remuneration
Consultancy
Accountancy and legal fees
Interest payable and similar charges		 Direct
Costs
£
46,335
Finance
£
2,684
2025
£
-
2025
£
500
33,825
(500)
33,825
33,825
Support
note 8)
£
44,343
costs
£
41,659
2025
General
£
804
1,880
6,500
32,601
2,470
88
44,343
costs (see
Governance

Page 17

continued...

FRIENDS OF TARLAIR COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. AUDITORS' REMUNERATION

AUDITORS' REMUNERATION
2025 2024
£ £
Fees payable to the charity's auditors for the audit of the charity's financial
statements 6,500 6,500

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 30 September 2025 nor for the year ended 30 September 2024.

11. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Cafe staff
No employees received emoluments in excess of £60,000.		 2025
£
26,973
295
27,268
2025
3		 2024
£
-
-
-
2024
-

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
General
Total		 Unrestricted
fund
£
11,317
4,169
1,622
17,108
899
12,821
13,720
fund
£
1,329,655
-
-
1,329,655
-
43,251
43,251
Restricted		 Total
funds
£
1,340,972
4,169
1,622
1,346,763
899
56,072
56,971

continued...

Page 18

FRIENDS OF TARLAIR COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025

12.
Unrestricted
fund
£
NET INCOME
3,388
RECONCILIATION OF FUNDS
Total funds brought forward
27,116
TOTAL FUNDS CARRIED FORWARD
30,504
13.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 October 2024
1,768,573
Additions
291,474
At 30 September 2025
2,060,047
DEPRECIATION
At 1 October 2024
-
Charge for year
-
At 30 September 2025
-
NET BOOK VALUE
At 30 September 2025
2,060,047
At 30 September 2024
1,768,573
Restricted
fund
£
1,286,404
499,971
1,786,375
Pools
£
-
57,347
57,347
-
-
-
57,347
-
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Refurbishment		 12.
Unrestricted
fund
£
NET INCOME
3,388
RECONCILIATION OF FUNDS
Total funds brought forward
27,116
TOTAL FUNDS CARRIED FORWARD
30,504
13.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 October 2024
1,768,573
Additions
291,474
At 30 September 2025
2,060,047
DEPRECIATION
At 1 October 2024
-
Charge for year
-
At 30 September 2025
-
NET BOOK VALUE
At 30 September 2025
2,060,047
At 30 September 2024
1,768,573
Restricted
fund
£
1,286,404
499,971
1,786,375
Pools
£
-
57,347
57,347
-
-
-
57,347
-
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Refurbishment		 Total
funds
£
1,289,792
527,087
1,816,879
Plant and
machinery
£
-
6,848
6,848
-
1,370
1,370
5,478
-

continued...

Page 19

FRIENDS OF TARLAIR COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025

13. TANGIBLE FIXED ASSETS - continued

COST
At 1 October 2024
Additions
At 30 September 2025
DEPRECIATION
At 1 October 2024
Charge for year
At 30 September 2025
NET BOOK VALUE
At 30 September 2025
At 30 September 2024
14.
STOCKS
Stocks
15.
Trade debtors
Other debtors
VAT
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR		 Fixtures
and
fittings
£
2,340
287
2,627
468
432
900
1,727
1,872		 £
-
388
388
-
78
78
310
-
2025
£
500
2025
£
2,002
-
-
2,002
Computer
equipment		 Totals
£
1,770,913
356,344
2,127,257
468
1,880
2,348
2,124,909		 Totals
£
1,770,913
356,344
2,127,257
468
1,880
2,348
2,124,909
1,770,445
2024
£
500
2024
£
-
91,408
18,397
109,805

Page 20

continued...

FRIENDS OF TARLAIR COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025

16.
Trade creditors
Taxation and social security
Other creditors
17.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Net movement in funds, included in the above are as follows:		 At
1.10.24
£
30,504
1,786,375
1,816,879
Incoming
resources
£
146,822
411,620
558,442
At
1.10.23
£
27,116
499,971
527,087		 2025
£
1,386
7,983
14,789
24,158
Net
movement
in funds
£
54,920
379,019
433,939
expended
£
(91,902)
(32,601)
(124,503)
Net
movement
in funds
£
3,388
1,286,404
1,289,792
Resources		 2024
£
108,667
-
7,775
116,442
At
30.9.25
£
85,424
2,165,394
2,250,818
in funds
£
54,920
379,019
433,939
Movement
At
30.9.24
£
30,504
1,786,375
1,816,879

Page 21

continued...

FRIENDS OF TARLAIR COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
17,108
1,329,655
1,346,763		 Resources
expended
£
(13,720)
(43,251)
(56,971)		 Movement
in funds
£
3,388
1,286,404
1,289,792

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 At
1.10.23
£
27,116
499,971
527,087		 Net
movement
in funds
£
58,308
1,665,423
1,723,731		 At
30.9.25
£
85,424
2,165,394
2,250,818

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
163,930
1,741,275
1,905,205		 Resources
expended
£
(105,622)
(75,852)
(181,474)		 Movement
in funds
£
58,308
1,665,423
1,723,731

The restricted fund relates to funding received towards the project costs incurred for the refurbishments at the outdoor swimming pool in Tarlair.

Page 22

continued...

FRIENDS OF TARLAIR COMMUNITY GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2025.

Page 23

FRIENDS OF TARLAIR COMMUNITY GROUP

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Fundraising events
Merchandise sales
Cafe sales
Pavilion hire
Investment income
Deposit account interest
Interest receivable - trading
Total incoming resources
EXPENDITURE
Raising donations and legacies
Fundraising expenses
Other trading activities
Opening stock
Purchases
Packaging
Closing stock
Charitable activities
Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Carried forward		 2025
£
5,421
412,726
418,147
362
1,467
137,721
660
140,210
85
-
85
558,442
-
500
32,512
1,313
(500)
33,825
26,973
295
658
512
9,544
406
768
168
48
39,372		 2024
£
9,573
1,331,399
1,340,972
3,630
539
-
-
4,169
9
1,613
1,622
1,346,763
84
500
815
-
(500)
815
-
-
-
-
-
-
176
210
-
386

This page does not form part of the statutory financial statements

Page 24

FRIENDS OF TARLAIR COMMUNITY GROUP

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charitable activities
Brought forward
Pavilion refurbishment
Travel expenses
Repairs & renewals
Kitchen equipment
Workshop supplies
Subscriptions
Cleaning
Entertainment
Coffee Machine lease
Support costs
Finance
Bank charges
Plant and machinery
Fixtures and fittings
Computer equipment
Governance costs
Auditors' remuneration
Consultancy
Accountancy and legal fees
Interest payable
Total resources expended
Net income		 2025
£
39,372
146
-
1,868
1,210
-
648
801
578
1,712
46,335
804
1,370
432
78
2,684
6,500
32,601
2,470
88
41,659
124,503
433,939		 2024
£
386
741
255
1,190
104
200
107
-
-
-
2,983
129
-
468
-
597
6,500
43,251
2,741
-
52,492
56,971
1,289,792

This page does not form part of the statutory financial statements

Page 25