Brough Bay Assoclatlon SCIO Not•• to th• Flnandal Stat•m•nts Yew ended 31 Decambw 2025 11. Tanglbl• A•••ts equlpn•nt Total al 31 O•¢xrt)w 3)24 2,311 T￿11 ai 31 D￿￿nber 2025 2.311 at 31 D*xmb•r 2024 Ctory• for y•w T￿11 at 31 off￿ber 2025 2.311 N•1 book v*• T￿11 at 31 D￿emb•r 2025 31 Docwnbor 2024 14 Brough Bay AB•oda¢lon SCIO Not•s to th• Flnandal Stat•m•nts Year onded 31 Decwnbw 2025 9. ExperKlltur• on charltabl• actlvld•• UM••trlcl•d R•8tslctéd Fund• 2•25 Tol•l Tolal 1.968 671 Pod#9•, winlir#J & 12 12 Hall htr• 32 167 81 13 157 82 157 Sun(ki 657 657 357 E¥￿ts ProfeB•lonal fooB T20 420 420 455 4SS T￿• 3.707 4,162 2,193 10. Land & Bulldlng• The charity own8 the hart￿ur and 8urroundlng aro8 017,5 8¢yes of land ￿lch was gifted to the Brough Bay A880ciatson in 2012, prior to th• (￿rnpany bocomlrMJ a G*arity. Prevuisty. under tho historic cost convent1￿, ￿ v8lu8 h88 been r￿t￿l In the thanrial st8tWn￿ts. However, in Marth 2025. the tru8tee6 8cwgM a Va￿atIOn IrcAn 8 fim) of Ch8rter&3 Sufveyor3 who valued the land at £25.000. Accordingly the18nd value w88 t￿￿ght M to the Ba1￿ce Sh8el in the 2024 accounts with an equivalent gain ￿ revaluation of Ilxod 8888ts 81wi s(￿A. l3 PA￿9h B•y AssoCIatk￿ SCK> NOQM to th• Hnancl•l Stat•rn•nts Year ended 31 D￿ember 2025 4. R•strlct•d Funds During the y88r the ch8rfty m8int8in8d rBstrictul furKI for the 50th knnlvw8wy ￿lebra￿on funded by Douryeay Convnunths Fund. Op•nlng Cknilng om• Exp•ndlur• Trnn•fw• balwK• (46) Tc* 455 <45) 5. Donatlom & Grnnts Funds Trf Tot•1 Fund ln 173 262 762 6. Incon￿ tr￿n charttabh actfvlll•s Unr••tslcl•d Fund• Toial Tot•1 Co•t of fundral•lng Fund• Fund• T￿11 Total 626 525 525 12 Brou￿ Bay A•soclallon SCIO Notss to th• FlnanGlal Statements Y8ar 8rthJ 31 Decwntw 2025 2.3 Exwdltur• & Uabllld•• (a) Expenditurn is xcounted for ￿ an accrual8 ba818. (b) Llablhll8s are recC*Jnis￿I as soon as there is a legal or c￿81n￿ti￿ obligation to Pay Out resource8; it 18 probabl8 they wdl be paid the rn(￿8tary valu6 can be measured with 8uffldont re118t41ty. 2.4 A81•ts (a) Tangible f￿ad assets are capitalised if they have a value GY88tw than £300 and can b8 U88d rn￿e th￿ one year. They are valLxd at cost or, rf gifted, at they vakne rec*ipL (b) Depredatlon18 cak%laknY to vKhe off the ¢xst of twgit4e assets over their usefvl e¢￿10M•C Ife 88 foll¢y•V8: Equipment- 33% Stratr3ht line 2.5 D•bQorn (a) Debtors are recognlsed at settlement amcwnl due (b) Prepayments are valued at the arnount prepaid 2.6 Cmh Cash at bank arKI In harKI indude8 cath arKI bank deposlts repayable on dwnand 2.7 Cr•dltor• (a) Credltm are recogn188d thre the charfty ha8 an ob1lgat1c￿ r88ulllng from a past evenl that wll probably r88uIt In the tr8n8fer 01 lund8 to a thlrd party and the amount due can ￿ measurad or e81imated rellabty. Cr&jIt￿ we ncfm81ty at Settlement 8mounL usually the Invol amount. (b) Accrued charyes are nomially valued at their Settlement amounL 2.8 Taxatlon The charfty18 not Ilable to Income or capltsl g8ln8 tax ￿ Its ch8rft8ble aclMd88. Irrecover8t4e VAT is induded in the asset cost or expense to ￿•th It relates. 2.9. Flnanclal In8trum•nt• The tharlty onty has finand81888et8 8nd flnand81 I8t411t188 of 8 klnd that qU811fy 88 b881c fln8ndal instruments. Basic financial instruments are initially recogn18ed at tran88cl1￿ value and Subsequently mea8ureAd at ther settlement value. 3 Tru•te• ReThinerth & Expen•u and rnl•t•d p•rty tr•n••ctlon• No r8rnunera¢Jon ￿ eypen888 were pald to tru8te88 the year ended 31 December 2025. There were no related party tran8actlon8 for Ihe year eTrJed 31 December 2025. Brough Bay Assodadon SCIO Notsg to th• Flnanclal Statements Year enfj•J 31 Decwnber 2025 18asls of Pr•pwakn 1.18ul• ol •ccountlng Th88e acca)unts have been propar•d on tho b8818 of hI￿1C cost in accrKdanco ￿1th. . (a) The Charities & Tru8tee Inve8tment Act (Soxland) Acl 2005, and (b) The Charilhrys Acc￿nts (ScoUand> RegulationB 20[￿ as amended (c) Fln8ndal Reportkng Slandwd 102 (FRS102) (Effecllve January 2015). (d) Chpattles SORP (FRS 102) <2Th1 edltlm effacthe j8￿uary 2019) 1.2 In Kry8rfng the 8ccounts, the twstees were not re(wk8d to make ￿Y JUdg￿￿ents that h8ve a materlal èffect on the number5 r8portad. 1.3Th tharlty meets the deflnlllon of a publk benefft endty as delkned by FRS102. 1.4 The charlty18 dependent on the conttnulng support of don￿￿. How8ver. the trustees hav8 no reason to consklw that th18 wéll nol c￿tInUe C￿ that th&T are materlal uncertalrrtkns ab￿ tho d)anty8 ablbty lo ca)ntlnue as a going c4)n￿rn. 2 Accounthig Pollc•• 2.1 Forni ol Flnanclal Stst•m•nts The charfty rnaintalns two types of funds for xcounlng purpose8: . (a) A general unrestricted fund that con ￿ expended at the di8￿211cM of the trustaes on furtheflng the objects of the chanty, and (b) Re8trlcled furK18 that may only be used for 8pedflc puw88. Restrktlons arfse when specified by the don￿ ftJnd8 are ra18•J Iw 8pecfft purp0884 888 note 4. 2.2 Income (8) In(x)me Is recognlsed and Induded In the Ststernent crf Finandal Adivltles (SOFA) when the charlty b8ca)m88 8ntJtl8d to the re8￿r￿s. th8lr ￿elpt 18 probable; and the m&n8t8ry value can be m8awred wlth sufflclent rellablllty. (b) Where IrKome has related eypendlture the income and relaled expendlture are repcrt￿ gr088 In the SOFA. (c) Funds recelved in advanfj) whlch speclficalty relale to a acrounlkng period are treated as deferred Inc￿￿8. 10 Brough Bay Assodatlon SCIO Balanc• Sh••t At 31 December 2025 2026 Totsr 2024 Totsr Not• Fund• Plx•d A•••ts Land & bulldlng8 Tanglble aMol• 10 11 25.IXrf) 2&0tyJ 657 25.857 25,OCIJ 25,0 Cath at b￿k & In harml 1143 3,143 3.143 3,143 5,788 5.7B8 Cuvr•rt U•bll*kn• •Xwninolli￿ f•• 350 350 1793 6,438 27.793 27.793 31.086 Ilund• oflh• Chwlty Unre6tr1rt8d lu 27.793 27.793 31.095 Trtal Fund• 27,793 27,783 31,095 1414ll.Icyg...... AFvroved byth trustoes on .......... .. a￿1 sigmd ￿ their beh￿1 by: Clare oardman - Trustee Brough Bay A8•odatlon 8CIO Stat•m•nt rf Flnanclal Actlvltl•• Year endad 31 DecEnthr 2025 2025 2024 Totsl Not• Fund• Fund• 762 173 chArt￿bI• Fundrai•irg acliv41his T(rtal I￿¢￿• 323 323 1,385 Exp•ndllur• on: $2S 3,707 4.232 525 4.162 4.687 2,193 2.183 TLrfal e>l￿dI￿r0 P.34T {3J02) (1.6XJ) Tr8n•fw• Gaknsl(kx808) ￿ re¥￿ (451 25,000 NaQ m0vW￿ In fvr (3.302> 13302) 23,370 A•C￿e￿On al Fund• FurKls brought lryward Nol movwnwl In ￿nd¥ Fufxl8 c•rri•d 31,095 P.302) 27,793 31,095 13,302) 27,793 7.T25 23,370 31,095 The 518lem￿l crf lIn￿dI1 XIMUM Inc*Jdes d g•kns aNI k￿& rwrlsed In the pthod. All Irrxffi8 and eXp￿dI￿r• Brough Bay Assoclatlon SCIO Independent Examlner'a Report I report on the financial stalernents of Brough Bay Association for the year ended 31 December 2025 which are set out on pages 8 to 14. Responslbllities and basis of report The charity's trustees are re8ponsible for the preparation of the accounts in accordance with the requirements of the CharIt￿S and Trustee Inve8tment (Scotland) Act 2005 ("Ihe 2005 Act") and the Charities Accounts (Scotland) Regulation8 2006 {'the 2C(16 Regulations"). I have 8atisfEd myself that the charty is r￿t subPCt to audit under Regulation (10)(1)(a)-(c) of the 201A Regulations and is eligible for independent examinatK)n. I have therefore examined your charty's accounts as required under sects'on (44)(1){c) of the 2CrtJ5 Act and RegUlat￿n 11 of the 2006 Regulation8. In carrying out my examination I have followed the guidan￿ i88ued to independen1 examiner8 by the OffKe of the Scotti8h Charity Regulator (OSCR). My role is to state whether any material matters have come to my attentim gNing me cause to believe: thal accountiro record8 were not kept as required by 5edion 44(1)(a) of the 2005 Act 8nd Regulation 4 of the 2006 Regulalions: or Ihat the accounts do not accord wrth those records: c that the accounts do not comply with the accountng requirements of Regulab'on 8 of the 20￿ Regulations; or that there is further Information needed for a proper understanding of the account8. Independent examlnerfs 8tatoment I have completed my examinatpjn and I have no concems in respect of any of the above I have found no other matters that require drawirrfj to your attention. Chris Smith Bsc (Hons) FCIE Glascairn Cottage Aytounhill Cupar Frfe KY14 6JH Dale: ,J,I,, Brough 8•y A•soCI￿on SCIO Tru•t••s' Annual R•port Yew endod 31 Decwnbor 2025 nforniatlo Charlty and Cwnpany Nam•: Brough Bay ASSC￿at￿n Ch•rty Numbw: SC049998 R•glst•r•d Offlc• & Prlnclpal Addr•Js: WlrKlhaven. Brouth, TI￿r30, Calthne88, Scotland, KW14 8YE TnMts••: Garance WartjUrt￿. Chairpers( Clwe BOar(kn￿ - Treasur Pauhne Robertson - Secretary Philip 8oartlman Moira L8rKI Carnel Ross Th18 repcrftW88 8ryrov8d tythehJst0880n........... ..... . . Clare Boardman - TN8lee Brough Bay Assoclatkm SCIO Tr￿t••$' Annual R•port Yoar ended 31 D￿ember 2025 A8 the only 8urvMng mwnber of the orlginal Pler Corrwnittee. It was Mlck O'Donneif8 day for Sure. Dellghtlng every￿8 vllh hls w(XKlwfvl oysIercatd￿r hal. Mick was pre8ented with 9fft8, had a few 8torl88 to relate, on￿yed meeung rAd pals new who had ccffle abng to help hlm c4lelx8to this 8peclal oox81M. Thanks to eVwy¢￿ who holpod glve Mkl(8 Supw doy in spad￿lAr weathor, fabulw8 BBQ thal had everyone queulng for 88cond8, followod by t8a arxl c*es vkni18 cYa￿type blue winting 8nd wldllower craft8 were on hand. A thanks as ever to our super local entwtalners. Issy Currfie, Nancy Foggo. Dave & Roger Br￿ghtOn and to The Bbg Slry chotr frcrn Suthertand who were w￿derful. Led by Hilary wil8￿ thelr volc*8 8dM)&J round the Bay they loined In with eVe￿h￿9 that wa8 golng on. Thanks to NRS Dwnreay for th8lr go￿rOuS fundkng and lo every￿￿ vkno wpported and donated on thi8 Vwy S￿1 day. Flnanclal Revlew Wth Incorne of £1,385, wlmarlty from d£￿aU￿8, and vAth expendlturé of £4,687, the Assoclatlon had a deficit fcr the year of £3,302. The defK>t wa8 fvnded by fvr¥J8 lywghl fcAward tr￿n the syeviou3 ￿ar so that at the 31 December 2025 the A880L7at0￿ hekJ totsl lund8 of £27,793, 01 of which are unrestridod fund8. The free reserves ￿ the unrestricted funds held less the value of any de81gn8ted Iljnds and tangble assets not readily available to be spent. Free re8eNes are held to cover unF48nne emergency repairs and (xher Lryoir¥J expermjllure, suth as 1n8Ur￿c8. The trustees conskler the Ideal level of reswves should be a rnlnimum of £3.CM)O. At the 31 Decwnber 2025 Ihe chwlty ￿k1 fro8 reswves of £2,793 and had not met this largeL ctur• GovwnaThc• & Man The c*8rty18 8 Charitable Incorp￿￿ed Ofgani3at*Jn {SCIO) govemed by It8 con811tutbn. It W8s est8bhshed in 2012 and converted to a SCIO in Docember 2025. The tharlty18 8dmknl8tered by 8 Bowd of up to 10 charity truslees vkno moet monthty or as rtyuired and hold an AGM in Marth 8vwy yoar. Full members of the Associatithi C￿ appointed as tharity truste88 by an ordln8ry resolutson of the meml)ws or by a decision of the c*writy trustees to fill a casual vacancy or 88 an addrtliThl charlty tr￿189. 8rough Bay Assoclatlon SCIO TnMts•s' Annual R•port Yw ended 31 Decwnb8r 2025 Brou h 8a Assocaation Events 2025 50VI Anniversary Event: Piw c￿nmIttee - Brwgh Bay Assoc 1975 - 2025 There was greot fvn n the wmshine ￿ Sat 23 Aug ￿en nearty 90 pe(wle gathered down in Brough 88y to celotrKato SO yoara dnc• fiv• thaps got tyther vath the viaw of mantainiThJ slipway and hath>ur, although it's probably T￿re Ihan 50 year5 since they had been dcirvJ the work anyway. lan Munro sel up ts Plw CMimlttee ak)ng vath Slndair Coghlll, JIM Calder, G￿0 Sh8arnr and Mlck O'Donn811 way b￿* kn 1975. The Pler Commlttee evofved Into Ihe Bay Assoc In 1993 n Klargaret Murffj, lan'8 vl¢kn, gIft￿ tho harb(￿r 8rKI to the Asy Brough hart)￿r was a busy 50 years ago whth 5 boats fishing for crabs, knbsters and salmcffl, 8180 sea angllng for hambut alongslde recreatlonal boats frcrfn Brough and Cxjnnet fishlrvJ for the pot. Slndalr Coghlll own&1 the boat Seamew and fl8h8d swlng to late swnThr uslng homwn&4e creels and u81ng fl8hlng tethnlque8 of the late 608 vknilo George Shearw fl8h8d the vthole year kn his The Tem. a d8dic8ted fi8hwm8n knew th8 PfrfthrKI Ftrth the ba(* of h18 hwKI. The f8mlly of Slnd8lr Coghll donaled thelr18te falherf8 ￿8t, the Seernew, to the Assoc so that ft's h18tory coukl be ￿8￿V￿j and 8h8red. The Se8mew w88 mounted on a custom bulh Steel 8t8nd a￿ve the harb￿r wall, completo with the orvJlnal Seagull ffqlne, and can t* 8een 88 P8rt of tho Boats ol Brough Heritsge area all year r￿nd vthere locals and vl8itor8 can read the inf(xmatlon panel, have a 88aL a 8tr011 along t￿ and enpy the 8pe(la￿lar vlew of Ihe Bay to C18tt Rock and Hoy. Hugo stomis have tsken theSr toll of the hart)our wall and sllpway over the years and If8 8 con8t8nt job to mainl8in the Bay and keep It repalred and safe. Some ol the many repalr8 Indude the se8 wall whlch suffered stomi damage in the 70s arxl w88 repaired and extended throu0) a Creation Sd￿rne employing local people. The 80s saw a Secti￿ of the south wall destroyed and emergenGy cnastal protectk)n woth by Hlghland Regicmal Council inslalling rod( arn￿r was needed A 2010 storrn left 5rn pier stonewcrfk hanging in mld-air and led to costly repairB the folbwing year, using the Assoc own funds plus funding which involved 37 volunteers gainlng sklll kn repair work and more recenty a huge HarbrAf Slipway Repair wr4ect was ccAnplete(L Thr￿ghOut th yow volunteérs arn mMitorrrfJ tho harbour area, vAth Bummor d•anups and grourKI mairrtenance keeping thern I￿Sy, LKrt Ihere we fvn times tool Over the year5 events have inckjded celidhs. crearn teas, Sea Art fvrKlraising, glenl auclions. Know Yow Patch. Hoy toat trip. Eastar event. North Coast exph3rer tnps arKI Bothy N￿hts. Mercedes fikned a car advert with actress Tilda Swinton down in the Bay, and in 2013 a lyxnb was ftxjnd on the beach. However, music is 8 major part of every event and our local musici￿3 alway3 come aloThJ and play, addiTrJ groat atrnosphwe to the 8ay. 8rough 8ay Assoclatlon SCIO TnMt••s' Annual Report Yaar endod 31 D￿eMb￿ 2025 The tN8te08 Ihelr repcrft tofftr th the flnanclal statements and the Independent examine¢8 report f(x the year e￿Ied 31 December 2025 The chwity'8 PWFQ888 are to: 1. ProfNJte the u88 of the Bay, m8n8ge IrnF*0Voff￿ts and malnknanca of the 51ipway. ￿rfo0 and Its as8ocaated fadlitie8 at Brough 88y. To encour8ge ccrfnmunty Interactlm and lo provide recreational f￿4111￿88 to enh8nc* the quallty of Ille for all thc¢se Vh￿ use and eryoy the Bay. 2. The advancement ol envlronrnentsl Fxolectlon and Irrprovement to the Bay area. wlth a8sociated actlviti88 3. To encourage conrnunity splrlt In comlrvj together to 8UPWt local herltage and cullurn. knthding rural regenw8tion and the eno)ura9enxnt of voknntoeriry. 4. For the pr8wvation and enhancement of the Bay to 8￿Ur898 tho u88 of the hathur for relaxati￿ and re(x￿tIonal purposes. The vigcm that Shapos our annual activities remain6 being thè promotion of the Bay, the ￿lture, heritage and knowledge arKI appreciation of the Bay and surroundlng 8re88, to hc4d It kn ￿￿0d 81ewJ for future generntlons. We ￿deaVoUr to enc(yJrage all CAynmunty to tske part In oLr 8c£4al occ881on8, to 8ttend r bothy nlghts, muslcal events. 8rts and (xaft sesslons and educational day8. (￿r alm18 lof th88• actmtles to encwrage intefa(*ion wlth rBsidents, bcal sthools or h•￿er educatknn ￿118986 and Iversklos. li We had 8nother landsllde In Fetffuary 2025 ￿lch damaged the vthole car pa￿ and the drniiage under the car park. New draknage had to be installod. Ths ￿s1 B8A £1,390. Br￿￿h B•y A••oclallon SCIO Annual R•yt & stst•m•nt of Account Year ended 31 D￿1b￿ 2025 Cwt•nts Pag• TnJ8tee8' ReFrfJt IndepeThJent ExamIn￿8 Rewrt Stat￿nent d Flnandal ActMU88 Balanc* Sheet Notes to the Acco￿￿ 10-14 Brough Bay Association SCIO Scottlsh Charity No: SC049998 Annual Report & Flnanclal Statements For the year ended 31 December 2025 rfs Smlth Bsc