SCIO regl•tratlon numb•r SC048909 IScoll•ndl GLENBARR COIWUNITY DEVELOPIIENT ASSOCIATION ANNUAL REPORT A14D UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDeo 31 DECEMBER 2026 GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trusts•$ Mr8 L Ma¢Phail Mrs A Lit￿•Sort Mr l MacLeod Ms E Macalisler MsLDFell S•cf•tary Mrs L Houston Charlty numb•r IScotl•ndl SG0489 Company numb•r SC048gJ9 Regl•t•red oifK• The Old Surgery SchoJl Road Tarbert Argyll PA29 6UL Indepgnd•nt examiner lain D C Webster The Old Surgery School Road Tarbèrt Ar9yII PA29 6UL Banko19 Tn￿j03 Bank Deanery Roa Bristol BS1 SAS Ihrgin Monty 117 8¢)thwell Street Glasgow G2 7ER Unrted Trus18ank One Ropernaker Street London EC2Y 9AW GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION CONTENTS P•ge Trustee's report Independent exarnin8¢s rèport stalemenl of financial aclivi 8alance sheet 10 Notes lo the financial sLitem•nts GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees of Glenbarr Community Oevetoprnenl As50ck4tson (GCDAI a￿ pleased to present their annual report lor the year ended 31st December 2025. This reporl prowdès an overyiew of the charrtls activities, 8thievemenls and financial position during the year. in line with its obje¢twes of supporting sustsinabb community development and ènvironmental protection in the Glenbafr area. GCDA continves to operate as a Scottish Charitsblè Incorporated Organisation ISCIO), e$tsblished lo en5UTe that the Glenbarr wnmvnity benefits from renawable &n¢rgy income ￿"nked lo theAu¢hadaduie wind turbines. The Charity's purposes rernain the advancement of ¢ommunty development and ￿VironMental protection for the benefil of the Glenbarr cornmunity. pfwnarily through promoting sustainabilrty and improved bcal se￿1¢￿5. encouraging public parti¢ipab"on in planning and development, and delivering wojects (hat improve wallboing. the 8nwronmenl and communty resilience. The geographical focus rèmains the Glenbarr community catchment extending Irorn Killegruer in the south to South Muasdale Fami in Ihe north, west lo the Sho￿ and east lo Arnide, induding postcode units PA29 8x8. PA29 6UT. PA29 6XD, PA29 6UX and PA29 6UZ. In determining adivilies during the ygar. the Trustees have continued lo pay due regard to OSCR guKlance and lo the charitys CL￿stitutional purposes. The financial stalements hava been prepa￿d in a￿rdance with the accounling poliryes sel out in nole 1 to the financial staternents and comply wrth the ¢haritls constrtutton, Ihe Charit18$ and Twstee Investmenl IS¢oMand) Act 2005, the Charities Accounts (Scollandl Re9ulalion$ 20C6 las amende26, outside the nesting season. Alongside this, GCDA continue(J rhododendron management and began developing an updated woodland management and restockin9 plan for future community comment. By November and Deceml)ef, the board and staff were focused on contractor appointment. communicattons planning and reodine55 ft>r the Y4rynler folling programmg. Thg board also approved the prinople of a part-time ranger post eadier in the year. though r8cnJitmenl was deferred until proje¢X 8divrty justified progressing the rok. The year-end feedba¢* showed that. while most frKJuseholds were broadly ¢omfortable with planned works and confident in GCDAS approach to woodland managernenl, a smaller group continued to seek dear explanab.on of why works were happening and how thèy would be carl￿d out. This reinforced the importanc¢ ol pairing operational delivery with dear communi¢ats"on. visible rationale and well- manag•d phasing as the programme fflONEd trAvard implementation. GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Clan MacAllster Tnisl L8nd/Doocot Work around the Glenbarr Doocol and adjacent Clan MaG41ister Tw$1 land developed subslanlially during 2025. The year began with the February Doccot Diaries event, which helped build public understanding ol the sile's hefitage and restoration potential. By spring. GCDA had receNed and reviewed an earfy-stage restoralion piop05al and then the final f8asibility study prepared through SHBT. Public discussion Gonlinued through the July°Next Steps Togelherf evonl. after which the board approved an urgent repairs and maintenancè pa¢kage Its safeguard the Btruclure. During late surnmer and autumn, GCDA recruited volunteers and ¢oordinaled with SHBT and Limeri¢h on a programmg of urgenl stabilisation works. These works (x*mmenced in earty November and were reportèd as complèted and $Y￿esSful by month-end, wth the slructure stabilised and the sitè r91umed ID 4 safe condilMJn. Community invofvemenl in the volunteeT fv was stron9 and publicty a¢knowledg¢d by GCDA. ongside physical safeguarding works, 2025 also saw conltnuin9 exploration ol the possible futute transfgr of the Doocol Woodlands area. Throughout 2025 this remained an expkjrdlory process only.. GCDA COntin￿d inquiry. sought kgal clarification and indicative costs. anLI later ¢irculated an inforrnation paper and community referendum throvgh Ihe December feeilback exeru5e. but no board approval during 2025 con$tiluled a￿eptanc￿ or complelion of a transfer. By late November, the board had agreed in prinuple to meet reasonable legal ¢0515 rf the m&mb8rship wished GCDA to progres5 the opportunty further. Nage Enhance￿nI Plan The Villaga Enhancement Plan trorn concept development toward visible pracb'cal action during 2025. Feedback galhered through the January spatial planning exercise infomied fvrther project planning in Iha spring, and by June GCDA had appointed Donald McKay on a contracted ba$i$ lo undertake upke&p and maintenance across common ground and lo support implementation of the wider enhancement programme. Progress also contlllU8d on signa9è, banch¢$. pavements. pathways, the recyding area and improv8m8nts lo the village gre8n and village entrance. As the year progressed. the effects of this work became more Visib￿ with a tidier and better maintained village environment. and GCDA indicaled rts intention lo continue thi5 arrangemenl inlo 2026. Hou&ng Effiuency ProLYammB The Household Impfovemgnt Programme ¢onlinued throughout 2025. GCDA mainiained support lor households pursuing insulab.on improvements. while alsts using communty feedback and exlemal partner engagement lo shape a second pnase focused on greener healing technologies. Earfy in the year, Inte￿$1 in measures such as heat pump5, solar and battery storage was confimigd through prior Mrnmunity feedba￿, and discu5&0ns continued with extemal partners induding Home Energy S¢oYand and Argyll and Bute Gounul. Phas8 2 lormally launched during summer with a focus on heat pump technology. The offer combined a Home Energy Su)Iland grant of £9,000. an inleresl-free loan of £7,500, and a GCDA commitment to cov8r up to £S,OQ) of household loan repayments. Stage 1 insulation supp)rt continued in paralkl. By year end GCDA were facilitab.ng a number of households through the heat pump support pathway. GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Flnanclal r•vl•w InGom8 GCDA'S primary sovrce of income during 2025 continued to be the Grft income derived through the CornmLbnty Distribution Agreement wrth Fyne Energy relating to th8 Authendaduie ¥￿nd turbines arnounling lo £250,000. Interesl income from reser¥8 holdings also remained reievanl lo the organisalion's ffinanck41 position contributing a further £46,999. Expenthtur Expenditure during 2025 reflgcted the thaiivs ￿MMff(rne￿t to PTogTessing key strategic In￿aliVe5 while maintsining pwdenl ¢onlrol over opeolional ¢osls. During the mid.year financial r8¥iew, the board approved specific allocations from unfeslrided 2025 fund5 beyond the previously approved 2025 bu¢Jgel$ induding £43,1)00 for safèguarding and project works al the Doocot. £3.CKIO t(Mard the Mllage gard&ner post. and £5,000 for the annual Community Christmas Payment. These, tog8th8r with wider prc•3ramme. governance and staffing ¢o$ts, ¢ontribuled lo a combined year end gxpendrture of £166.588 along with Capit￿ expenditure totauing £1,345. RoseTr8s and Suq)lus GCDA continued to rnanage ￿Seryes against a mUtt￿Year delr¥ery plan and. during 2025. updated both its budget framework and five-year projections. At the finanoal year-end, GCDA reported an un￿stil￿ed surplu5 of £1.1SY),949, ansuring that sufficient reserves were maintained lo support idenlffied inthalives. GCDA enters 2026 from a Stable financial posrtkin. with continued f￿$ on secuiing additional funding 10 strengthen the ass0oat￿n'9 longer-temi financial $u$lain8bility and support delivery across It5 kéy progrommes. 11 is the policy of the thanty th81 unrestricted funds which have nol been designated for a sperAfic use should bg maintained al 8 levd equivalent to belween three and six month's operaling expenditure. The trust88s consider that reserves at this 18vd will ensure ihat. in Iho went of a 9gnifi￿nI drop in funding, they wil ba able to continue the charitys current actmties whi18 consideration is gfftn lo way5 in which addib'onal funds may be rnised. Due lo the exceptionally high energy prices arising sincg 2022 and the ￿nSequ￿ntIallY high8r than oxpgd9¢ dislribulions from the Auchaduduie ¥￿nd turbine$, th& charity is holding ￿SeNe5 which are temporarily well above those required to rneet the long-tgmi reserves Oi¢y. The current 5 year plan will slart to reduce Ihttse reserve5 down to a 18v81 whith will. in due tyjurne. get the charity lo a level of rnsor￿S which is li line with the long-tsrm poliw. Plans for futur• p•riods Plans for 2026 and B•yond Al year-end, GCDA had already established a dearer pathway into 2026 awss s8veral major projects. For the Community Hub, the immediate focus was on leaming &x¢hange visrts, publication ol a furth¥r engagemenl programme and progr8ssion of thg emerging w¢ykn"ng brief into the next design and cost planning stage. For Dal an Dui8, the dear obj8Ctive was lo move promptty into delivery once planning permi$sion was socured. Wthin the woodland, preparations were in place lo cornrnence felling ahgad of Ihe ne$ling period, sUPPOrted by improvod cornrnunicalions and contractor p￿nning. Around the Doocot anL1 t)co￿l INoodland, GCDA had positioned ilsew to report community feedbac*. d8t8miine next $leps antj. rf Supported. conbnue exploring th& legal route for PD5sible asset transfer. Village Enhancement and Housing Efficyency work were both exFwt¢cl to continue as Iwe operational programmes rather than onewoff initk4tNes. The Trustees also Continued to plan on a Muk￿year basis. By November 2025. the th)ard had approved the 2026 budget and an accompanying revisgd five-year ffinantsal plan, prowding an updatod framework for reserves, spending priorities and sequencing 8cross mulD"ple projects. This stronger fO￿ard planniNJ position is expected to support both internal governance and extemal funding conversations during 2026. GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 CroM Cuttlng Th•me• & 8en•ffl• Throughout the delwery process the GCDA will work wrth Contra¢tor￿fYnder5lpartMrS to identifyloarning, ITaining and work experience opportuniti8s for local people as well as volunteering opportunitie$. This will focus within the areas ol h&ritag8. anwronmental Interp￿tatiOn and management. energy conservation and planning and development. Structur•. gov•manc• and manag•m•nt The charity 15 a Scolt15h Charilable Incorporated organisati￿ thal Fs limiiod by guaranleo. The Iruslees who served during the year and up to the date of shjnature of the financi81 slalements were.. Mrs L MacPhail Mrs A LItt￿sOn Mrs M Sindair Mr l Ma¢Leod Ms E Ma¢ali51er Mr D Brough M$LDF&ll Mr J Tiiterton (Resigned 1 June 2025) IResign8d 26 PAarth 202SI (Appointed 23 August 2025 and resgned 21 January 2026) Trustees are elected by a bDte by members at the AGM or at any ts.me the board are able lo appo￿1 members lo become a Trusle9. During 2025, the Truslees conkn'nued to oversee a period of organisatwal tran$ilion a5 well as project progression. The board reviewed AGM formal and r8porting. maintained regular oversight of budget p￿nnIng and project sequencAng, and continued lo strengthen govemanc* around communicabons, consultation and mulli-year delivery planning. The year also involve¢J on90ing board consideration of how best lo balance ¢ommunty participation with 8ffiaent decision making on ￿rnplex development issues. Admlnl8tratlvo Arrang•m•nts GCDAS administralwe and project functions during 2025 were supported by a part-lime ex8cutive and support tèarn. For much of the year. administrattw support ￿mained wr¢h Jayne Allen and finan￿ and comrnunicalions leadership remained with Dan Carson. Project developmenl arrangements ¢han9ed m8lerialfy during the year.. Sarah Robinson-Frood of Innovate Rural conduded Iheir contracted ro￿ in July". GCDA then began reC￿ltment for a Programmo Manager.. Cele510 Lawrence wa5 appointed in Sgptembar and started on 13th October 2025 to lead Dal an Duie. Woodland and Doocot delivery Wo￿." and Linda Houslon t>)ndudvJ her contract8d Strat¥gi¢ D¢velopmenl Manager role in October whilè providing limrted transition support thereafter. • Slrale9t Development Manager.. Linda Houston (to Ocaober 20251 . Administrati￿ Support.. Jayne Mlen Financ¢ t￿￿ CoMmunicat￿n$ Managgr.. Dan Carson Proi9c¢ DevelopTrwnl Manager. Sarah Rci)insofvFrc*Jd I Innovate Rural Ito Juty 20251 Programme Manager.. Cdesie Lawr8nce lfrom 13 OCto￿r 2025J The Trustees consider that, desprte tt￿5 tran511m￿. the executiv8 team ￿ntinUed to yay a central lo￿ in project manag&ment, financial oversight, Cornmunications and delivery pr8paralion thr￿ghOut the year and appreoat*Jn is given lo Linda Hou51on for her dedication to her role ￿th GCDA. GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The twstee's report was apwoved by the Bowd ofTruste8S. Mts L MacPhail Trust¢e 08te'. GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION I report on the finanoal ststements of the charity for the year ended 31 D￿rnber 2025. whth arg Sot out on pages 9t020. R•8p•ctive r•sponslbllltl•s of trust¢•$ and •xamln•r The charity Iruslees (who are also the direcloTS of Glenbarr Community Development Asso(iation for the purposes of company lawl are res[￿nsIble for Ihe proparation of ￿ finanoal slalements in &ciJrdance wAh tho tem)s of the Charities and Tnjslee Investment (Scotlandl Act 2005 and Ihe Charilw Accounts {Scotlandl Regulations 2006.The charity trustees consider that ihe audit requirement of Regulali￿ 1011XaHc) of the Chariti&s Accounts Iscotlandl Regulations 2006 doe5 not apply. 11 is my responsibilty to examine the ststements as reffjmred under sectK)n 44(1Mc} of the Charities and Trustee Investment (Scouandl Acl 2(KJ5 and to stsle whether par11c￿￿r matlers have come to my altenlion. Ba8ls of Indepondent •Mminee8 ¥t*temw My examination is callied in accordarKe ￿th Regulation 11 of the Charitie5 Accounts l&otkndl Regulations 2W6. An examination itKludes 8 ￿VIeW of the aecounting records kept by the charity and a comparison of the financial statements tyesenled with those record5. It also indudes o)nsiderati￿1 of any unusual items or disdosures in the finanual slatements, and seeking explanati￿ from the trustees ￿nCernIng any such matters. The proceduw undertaken do not wovide all Ihe evidence that would be required in an audit. and consequenyy I do not express an a￿lit oynion on the view gNen by the finanaal slatemenls. Independent examln•rf¥ stst•m•nt In the course of my exarr1nat1c￿. rKJ matter has como to my attention 1. whlch glves me reasonable cause to belwo Ihal in any material respect the reqUirèrr￿ts.' lo ke￿ accounting records in accordance with Secb"1￿ 44(11{a) of the Chanties and Trustee Investm8nt (SC￿lIand1 Act 2005 and Regulation 4 of the ChaFibesAcc£wnts {Scodand) Regulations 2(N)6, and to prepare fin8n¢ial statements which a￿Or{l vitth the accountry records arffl ￿mplY with Regulation 8 of the charib.es Accounts {Scolland) Regulaliorts 2 have not bean mel, or 2. to which. in rny opinion. attenticfft sh￿Id be drawn in order to enthe a prop9r undethrKJing of th8 financial ststements to be reached. l•ln O C W•bstor The Old Surgery School Ro￿1 T8tbert Argyll PA29 6UL Dote.. GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEAI8ER 2025 Unrostrlct•d Unr•strlctsd Unl￿trICted funds fun lund¥ g•n•r•l g•neral D•slgnatod 2025 2024 2024 Total 2024 Incorng from: Donations and legaries Investrnents 250.0 46,999 y),000 35,795 500.000 35.795 Total incorn• 296,999 535,795 535.795 Exp¢ndlturg on: Charitabl8 activrfies 166.588 107.469 107.469 Total expendlture 166.588 107,469 107.469 Net incomè 130.411 428.326 428.328 Transfers between fvnds 21.434 121.434) Ngt rnov•m•nt In funds 130.411 449,780 121.434) 428.326 Reconclllatlon of funds: Fund b81ances 811 January 2025 I,m).538 610.778 21,434 632,212 Fund balanc•s at 31 D&c•m1￿r 202$ 1.1W,949 1.rMo.538 1,060,538 The slalemenl of ffinancial activities includes all gains and lo55es TeCf#3ni59d in the year. All incomè and expenditure derive from continuing activities. GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION BALANCE SHEET AS AT31 DECEMBER 2025 2025 2024 FOx•d assets Tongible assets Her6tsge assets 12 13 24.102 100 23.252 100 24.202 23.352 Currwt ass￿* Debtors Cash at bank 8nd in hond 14 25.835 1.145.250 17,352 1.035.188 1.171.08S 1.052.540 Cr•dltors: amounts lalling wlth on• year 15 {4.3381 115,3541 N•t curr•nt ass•t* 1,166.747 1.037.186 Total assèts less currnnt Il•bllltles 1.1￿.949 1,060,538 Tho funts of th• eharlty Unrestricted funds 1,190.949 1.060.538 1,19).949 1.060.538 The finanrAal 5talemnls were approved by Ihe trustees ￿ ... Mrs L MacPhail Trustt• SCIO r8gislral*)n nurnber SC048909 IScoUand} 10- GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcle• Charfty InfornM￿On Glenbarr Community Development Associaliort 1$ a a Scoiti5h Charitable Incorporat90 Organlsalion (SCIO) Nurnber SC048909. The r89iStered ofre is The Okl Surgery, School Road. Tarbert, Argyll, PA29 6UL. 1.1 Accounting ¢onv•ntioTh The finan¢i•l $tslemen15 habTr been prepared in acc￿rdanc8 with the charity8 Constilulion dated 13 December 2018, the Charities and Twsteg In¥estmenl (Scolland) Act 2005, the Chari118s Accounts IS¢ollandl Regulation5 2CQ6 las amended). FRS 102 -The Financial Reporting Standard applicab￿ in the UK and Republic of Ireland" I'FRS 1021 and the Chanbes SORP "Acr)yJnting and Reportin9 by Chariliès.. Staterngnt of Recommended Practice applicable lo ¢hanties preparing Iheir accounts in a¢cordance with the Financial Reporting Standard ¥ppli¢ablo in the UK and Republic of IreLand IFRS 102)" {effèctive 1 January 20191. The Charity 1$ a put￿lC Benefil Entity as d8ffined by FRS 102. Thg financial slalemenls are prepared in sterling, which 15 the funthonal curren¢y cl the chanty. Monetary amounts in these financial statement5 are rounded to the near•sl £. 1.2 Golng conc•rn Al the lime of approwng the ffinancial statements. Ihe trustees have a Teasonable expectation that the ¢h8rity has adequate resourc8S to ￿nb"n￿* in operational existence lor the foreseeable future. Thus the Injslees continue lo adopt the gting conom basi5 of accounting in weparing the finanoal $tslemenls. 1.3 Charftsbl• funds Unrestricted funds ar¥ avalabl& for use at the di3(¥etion ol the trust998 in fvrthgrance of their charitablg objectives. Designated furlds ?re unresliicted lund5 whth the TnJstge$ have set 8side for particukr future project 01 commitment. De5ignaled fvnd5 do not gi￿ rise to a legal re$tnth"on on Ihe Trusleos, discrètion on how lu apply unrestricted funds. Restricted funds are subieci to SP8ofic con(Jib"ons by donor5 or granlorn a5 to how they may be used. Tho purposes and uses of the restri&ed funds ao set out in the notes to the finanoal stslements. 1A Incom8 Income is recognised whgn the ¢harity is legalty enbued lo it aftor any performan￿ con¢Jib"ons hav8 been met, the arN)unls can be meaSU￿d reliabty. and it 18 probable that income wil bo re￿￿1. Cash donations •r¢ rewni5ed on {eC￿pL Other donations arg recognised onc* the ch￿tY has bggn notffi9d of the donation. unle58 perf0rrnan￿ condiknons requir8 dèlèrral of the arnounl. Income tax r￿0Verable in Telalion to donations recewed under Gift or deeds of covenant is recognised at the lime of the dDnation. Lega¢les are recognised on receipt or Oth8￿1st if th¥ ¢hanty has been nolified of an imponding dislribulion. the afflount is known, and receipt is expected. If the amount is not known, the 1&9acy is treated as a conling¥nl as￿. GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting polici IContlnu•dl 1.5 Expgndlture Expenditure is recognised once thei8 is a legal or eonstrucbve obligation lo transfèr ¢¢otwmlc benefil lo third party, li is probable that a transfer of eo)nomic benefi15 will be required in Settlement. and the amount of the oblryalion can b8 mea$ur•d rel￿ty. Expendrture is dassiffied by aclivty. Thg cost$ of 9a¢h acb.vrty are made up of the total of d1￿ct c))sts and shared o)sls, including support cosls invow in undert8king each activity. Direct ¢osl$ attribthable lo a single actiwly arè allocatad direclty to that acb"vty. Shared ojsts whKh contribute to MO￿ Ih8n one activily and support cosis which are not attn"butable lo a activity are apporbongd between those actmties on a basis consislenl with the use of ￿SoUrCes. Central staff costs are allocaleil on the basi5 of lima $penl, and depreci*lion tharges are al￿￿ted on the portim oflhe assefs use. 1.6 Tanglble flxed Msets Tangible fixed assets are initialty m8asur•d at cost and subsequentty measuT8d at C051 ￿ valuat￿)n, ng1 of depreciation and any impairment kssses. Depreeialion is Tecognised so as to vnite off the ¢osl or valuation of assets 18ss thair r￿1(￿•1 value8 over their useful lives on tho followng bases.. Fr8ehold land and buildings Plant and equipment 20% Teduong balanco The gain or loss arising on Ihg L1i$posal of 8n asset is detennined as the dfflerence between tho tsale proceeds and the carrwng value of the asset. and IS Tecognis8d in the stat•m&nl of finantyal acliwties. 1.7 H•rftag• 488•ts Hentage a$$els are Initial￿ measured al trjst and subsequgnlly me8sured al coyl or ￿luat￿)n, net of dep￿claIr0n and any impaiimenl103ses. Depreaalion 15 reojgnised so as to write off the ¢vJsl or valuation of assets less thoir ￿sidual values Over their useful lives on the following basi$". Heritage asset No d9p1gcaat#￿ charged 1.8 Imp4lnnent of fixed assets Al each ￿porting end date. the tharity tho carrying amounts of its tangib￿ a$W$ lo delemine whether there is any indication that those assets have suffered an impaimient los$. If any such Indication exists, the recoverable amount ol the asset 15 esb"maled in ord8r io dgtgmiing the exlent ol thè ifflpairmenl los$ (if any). 1.9 Ca•h and ¢uh wuival•nts Cash and cash eqUNalents indude ¢ash in hand. deposits held at call with banks. other 5hort.term Iw4uid inveslmenis with original maluritie$ of ttrne fflonths or l•u. and fmnk overdraft5. Bank ovgrdrafts are shcjwn within borrowings in current liabilrties. 12- GLEN8ARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 AcGountlng polScl•• IContlnu•dl 1.10 Financlal Instrum•nts The charity has elected to appty the pmwsion$ of Section 11 'Basic Finanryal Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its finanaal inStrUm￿ts. Finanual inslnjments are recognised in the chanty$ balan￿ sheet w￿n th• chanty become$ party to the contractual proNisions of the instrument. Finanaal assets and liat￿lItI￿5 are offset, with the net amounts presènt8d in the ffinanrAal stal8ments. when there is a legalty enforceab￿ right 10 Set off the re¢xgni5ed amounts and there 1$ an intentton to Settle on o nel basis or lo realise the asset and sewe the liabiltty simuttaneously. Bask fln•nclalass•ts Basic financial assets, whith indude debtors and cash and bank batanc8s, are initially ffleasured at Iransaction price including transaction costs and are 5ubyequenlly carried at amorb.sed cost using the effeclive interest method unlèss the arrangement constilules a finanang tran$a¢tion. where the transaction is measured al the present value of Ihe fyture receipts dis¢ounled 81 a market rate of inter8st. Fingncial assets classified as re￿1vable within one year are not amortised. Basle ffnanelalllabllltl•s Basic financial liabilities, induding ¢￿drtOrn and bank boans are inikn'ally fecognised at ￿nsaCtIon price unl8s$ Ihe arrangement constitutes a finanung transaction, where the debt instrument 15 measured at the present valua of the lulure payments discounted at a markel rate of int8rg$t. Financial tsabiliti05 cla$$if19d as payable wthln one year are not amorti5ed. Debl instruments are subs8quenty carrièd al •Mo￿"Sed cost. Using the effective inl&wl rale method. Trade uedrtor$ afy oblig¥t￿n$ to pay for go(*Js or seNic¢$ thal have been acquired in the ordinary course of operations fiom suppliers. Amounts payabl8 ar8 dassffied a$ curnenl liabilities if paym8nl is dye wthin one year or less. 11 not. they are presented as non-current liabilrtie5. TTade creditors aro re¢o#nised initially al transaction price and subsequenfjy measured 81 amoFb"5ed cost using the effective inler&st mèthod. D•m¢ognltlon of Iln•n¢l•lA*bllltl•s Financial liabilities are derecogni5ed when the c*ariils contracluol O￿l9a￿"0n$ eypire or are discharg8d or cancelled. 1.11 Employe• benefits The cost of any unused hohday enliuement is recognised in the ￿lOd in which th• empkiyee'5 services ar8 recet¥ed. TemilnaJLM beneffts art recognised immediatety as an expense when the chanty 15 demonslrabty Committed lo terminate the ernployment of an gmployge w lo provide temM)at*Jn benefits. Crltl¢•l •¢¢ounlSng ￿tIM￿￿• and Judgernents In the application of the charivs am)unling poli￿$. the Injstees are required to mgke judgements. estsrnate5 and assumptions about the cafrying amount of a55ets and liabilities that ara not readily apparent from other source$. The estimates and a550cial8d a55umplion5 are basad on historical expèrience and other factors that are consid•rÉd lo be rde¥anl. Actual results may diffgr from thes& eslimale5. The e5timatos and Under￿'n9 a$$umptions are on an ongoing bass. Rgvi8K*ns lo accounting estimates are recognised in the penod in which the estimate is rnwsed whgre the ￿￿510n aff8Cts only that period, or in the period of the ffjwsion and ffijtu￿ periods where the wsion affec*5 both cu￿ent and future poriods. 13- GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from doMtion• *nd l•gacl•s Unr•Btrlctsd Unrn•trl¢tsd fund# lund8 2025 2024 Donatic￿$ and gifts 250,CQO 500.IY]O Incom• from Inv•9tm•nts Unrnstrlctsd Unre•trl¢tsd lund• funds 2025 2024 Interest receiwable 46,999 35,795 ExpendItU￿ on ch¥itabl? activiiio• Hoffl• ¢omrnuntty ConwNnlty Communlty Vll*8 R••llLqnc• Gre•n & Hub Grnrth Enh•nc•m•nt Woodland Total 2025 202S 202$ 2026 20 *2S Dir•ct costs Project 8xpens8s Consultancy Food purchases Prizes D8veloprnent Manager Professional fees Loan support 53.848 619 830 1.222 2.113 57,514 18,049 1,222 1,000 17,219 150 20.345 7.098 27,443 1,499 1,649 74.193 26,251 2.671 2,113 106,877 Grant fUnd￿g of ad'vities (see note 8) 6.131 6,131 Sh*re of •upport •nd go¥•fnanc• costs Is•• nots 7) Support 9,801 9.601 Govornan 1.115 1.115 9.601 1.115 9.601 1,115 9,601 1,115 48,W5 5,575 12,365 36.967 19.518 12,829 166,588 Anal￿13 by fund un￿striCted fvnd$- general 12.365 36.967 19,518 12,829 166,588 14- GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Exp•ndltuv• on ¢haritabl• Activiti ICo•rtlnu•dl Pr•vlou8 ￿*r. Annual Gommunlty Community Community Ev•nts Green & Hub Grnnts Woodland 2024 Total Ro$lllan 2024 2024 2024 2024 2024 Diroct cojts Proje￿ expenses Food purchases Venue ¢osl$ Professional lees 1.301 817 140 32.564 80 33,925 817 140 7.165 3.861 2,258 36,425 3,364 42.047 Grant funding of a¢bwb"es (￿• note 6) 5.0(Kl 710 5,710 Shar• of Support and yov•maDc• ¢￿ts (•oe nots 71 Support 5.499 8.707 Govemance 6.150 8,707 6.150 18,349 6.150 41.262 18.450 10,499 17,115 S1.262 27,863 710 107,469 Analy81s by lund Un185trict8d fund5- genefal 10,499 17.115 51.282 27.863 710 107,469 Grnnts p#yab Cornmunlty Grants 2025 Totsl Home Community 2025 Resilience Grants 2024 2024 Total 2024 Glenbarrwar Mernorial Other 491 831 831 Grants to individuals 5.0(Kl 219 5,219 6.131 6,131 S.OQ) 710 5.710 Dufing the year 53 grants of £100 each were paid lo indmtjual householders wrthin th8 catchm¢nl area of the Twsl as a response of the wthdrawal ol the Wnler Fuel Mlowance by the UK govemmenl. This was based upon uptake ofthe grant awarded in 2023 to tackle the impact of high energy pites. 15- GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Support ¢￿tr allo¢at•d to actlvlti 2025 2024 Staff cost8 Deprea81ion Bank d)arges Wèbsite an¢J online conlenl Subscriptions Insuranc8 Hall hire ALlmin and tsffiee Consultancy fees Marketing Goveman¢e costs 7,000 495 283 52 1,761 970 1,072 620 2,132 33,892 480 18,450 1.469 1,114 2.005 2.299 32.605 5,577 53.580 59,712 An1￿•d h•tw•en: Home Resiliance Annual Events Community & Woodland Community Hub Community Grants Village Enhancement 10.716 5,499 14,857 14,857 24,499 10.716 10.716 10,716 10,716 53.580 59,712 2025 2024 Gov•rnanrA ¢o•ts compth•: Audit fees Ac￿untan¢Y and Independent Examination Legal and prtsfesswjnal 10,500 1,932 6,018 4,654 923 5.577 18.450 N•t mov•m•nt Sn fund 2025 1024 The nel movement in fundy is stated after thargingllcredrfing).. Fe8s payable for the independent examination of the charitys financial slalements Oepreclatlon of owned tangible ffixed assets 10,500 283 495 16- GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Tru•t• None of the trustee5 lor any persons ¢onnecaed wrth them) receNed any rnmun&rab"on during the year. bui 1 of them was r8imbursed a total of £35 {2024.. 2 reimbursed a to￿ of £3391 for fetharged expenses for tho Tr4JSt. Please refer lo nots 18 of Ihe accounts lor dgtails of transaclions with related parties. 10 Employ¥• The average monllty number of empw during the year was.. 2025 HuM￿r 2024 Mumber Employees Employm•nt costs 2026 2024 Wages and salaries 7,000 There were no ￿ploye0S whos8 annual rgmun¢ration w*s more than £60.0(b). 11 Taxatlon The charity is exempt from tax on Ir￿Me and gains falling Mlhin 5ecbon 505 ofthe Taxes Ad 1988 OT 8editin 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are ap￿18￿ to ils charitable objects. 12 Tanglbh fix•d •M•i• Fr••bold l•nd and bulldngs Pllni and •qylpm•nt Colt Al 1 January 2025 Additions 22.122 1.666 1,345 23.788 1,345 Al 31 Decgmber 2025 22.122 3,011 25.133 D•pre¢latlon and Impairnient At 1 January 2025 Depreriation tharg•d in the y•ar 536 495 536 495 Al 31 Decembor 2025 1.031 1.031 Carrylnq amount At 310ecember 2025 22.122 1.980 24,102 Al 31 Decemb8r 2024 22.122 1,130 23,252 17 GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 IJ Herltag• a8••ts Hl$toric*l book At 1 January 2035 and at 31 D•¢th*•r 2025 100 La$1 year a historical book. the Glencreggan book- was bought by the Charity and held as a Heritage asset In the 8C¢OUftts. AAhough the cost of the book was not mat8rial the Trustee5 believe owing to th& rarity of the book on the history of Glenbarr that t￿$ asset Shoukl be caprtalised and be preservgd by the Charrty for future generations. In temis of the policy for the p￿servatIon, management. and dispwl of Glenfftggan book. The Trustees of GCDA mainlains the following approach.. The boc* 1$ $g￿rety stored and access is restri(*od. As it is not on public display. wewing could be permittad onty by prior arrangement and typrally only undfjr the $upervi5ion of a Tr(tSt￿ or an aulhofise(J indNidual. ile Trustees do not maintain a fomial rgglster b¢yond original ￿dger 9ntry. they have supporting evidence of purchase via s8ller communi¢ab"on. The book is not intended for regular public atte55 and is PTeseNed in a manner that minimises handh'ng and environmentsl exposure. Tho Trustees have elected to continue carrying the assgt al cost (£100), as this refle¢¢s the original Iran$8dion and avoids the adrninistrativ• and finanoal burden of adopting a reva￿ation poli¢y which would not be proporti'onate at this stsge. 14 D•btoY* 2026 2024 Amount• falllng du• t*lthln on• y•ar. Other debtors Pfepaymenls and ac(¥ued ineorne 24.838 997 16,327 1,025 25,835 17.352 1$ Cr•dltorn: amounts falllng due fhlthln on• y￿r 2025 2024 Trade credffors Awruals and deferred income 334 4.004 1,534 13.820 4,338 15,354 18- GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Unrn•trf¢t•d lund• The unr8slricted funds of the charity cornprise the unexpended balances of donation5 and grants which are not $ubjg¢X to spe¢bfi¢ ¢onditKJns by donoT5 and grantors as to how Ih&y may b8 used. At 1 January 2025 Incomlng rnsourc Ruour¢•• pendod Tr•n•lèrn At31 D•c•mber 2025 General fund5 1,C60,538 296.999 1186.588) 1,190.949 Pr•vlous y•ar. At 1 January 2024 Incomlng R•sour¢e¥ rosour¢ •xpended Trnnsf•Ys At31 D•c•mber 2024 General fvnds 810.778 535.795 (107,489) 21,434 1.060,538 Transfer5 of £21,434 last year from Deslgnated Funds lo General fijnds represgnts the revernal by the board of tho pL3nn8d 10% of annual ￿cOMe to lje set aside lor legacy proi8ds. 17 Flnan¢l•l commltmonts. guarnntegs and ¢ontlnynt Ilablllll•• As part of the Household Improvement Programme. Ihe Trustees a91￿￿ Ihal the Charity now offer support lo hou$ehol¢Js whi¢h receive funding from the Horne Energy Scouand Grant and Loan Scheme. The Charity ha5 ¢ommitted fun¢J$ to a maximuffl of £5.000 per h￿SehOl¢l lo cover the repayments due from the Househohj to Home Energy Scotland. At the balance sheet dale. the total committed funds for lh8 above loans was £13,501 for thr88 househokls. Commilmen15 lolalling £2.1CIS wll be payable wilhin the next financ4al year. Recipients of the above fvnding from the Charity agree to a nurnb8r of ¢on¢Jth"ons las oullined by the board of Trustees) prior to any finding being received wrth the primary qualfy-ng criteria being the dèmonstration of the monthly payments being rnado lo Home Energy ScoUon¢J. 18 Rd•t•d party tran$•ctlon8 Tr•n•actions wlth r•lat•d partl•g t￿￿￿9 the year the L*arity entered into the follo*ing transactions with rolated partlg$.' 19- GLENBARR COMMUNITY DEVELOPMENT ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 18 R•lat•d party trJnu¢tlon¥ Icontlnuedl Six currenl and former Iru51ees were in receipt of Ihe Imntor Fuel grant £6trf)12024.' 7 trustg9s in receipt of Winter Fuel grants tolalling £71JOI due to them all being members of the kjcal community and wthin the catchment aroa for th9 grants. One trustee of Glenbarr CommuThty Devekymgnt Assooation {18in MacLeod) was also a dlrector of Fyne Energy Limited who donated £250.000 Q024- £500,LXIO) lo the charity). -20-