OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-09-30-accounts

REGISTERED COMPANY NUMBER: SC578898 (Scotland) REGISTERED CHARITY NUMBER: SC051417

Report of the Trustees and

Unaudited Financial Statements For The Year Ended 30th September 2025

for

AVIEMORE AND GLENMORE COMMUNITY TRUST

Goldwells 15-17 High Street Kingussie Inverness-Shire PH21 1HS

AVIEMORE AND GLENMORE COMMUNITY TRUST

Contents of the Financial Statements For The Year Ended 30th September 2025

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 15
Detailed Statement of Financial Activities 16 to 17

AVIEMORE AND GLENMORE COMMUNITY TRUST

Report of the Trustees For The Year Ended 30th September 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th 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

Charitable aims are:

AGCT is a vibrant and ambitious community development trust, which was established in October 2017. Our main purpose is furthering the achievement of sustainable development and our further purposes are:

Page 1

AVIEMORE AND GLENMORE COMMUNITY TRUST

Report of the Trustees For The Year Ended 30th September 2025

Achievements and performance Charitable activities Glenmore Visitor Centre

During this reporting year, AGCT achieved a major milestone with the successful completion of the Community Asset Transfer and purchase of the Glenmore Visitor Centre from Forestry and Land Scotland on 1 November 2024.

This followed the formal submission of AGCT's Community Asset Transfer application on 6 January 2024 and several years of partnership working, fundraising and project development. The transfer marked a turning point in securing long-term community ownership of this important site.

Following the transfer, the Trust focused on a significant programme of refurbishment including roof over cladding, insulation upgrades, improvements to visitor facilities, café refurbishment and development of cycle hub facilities. The project was supported through funding and partnership working involving Highlands and Islands Enterprise, Cairngorms National Park Authority, The Highland Council, Social Investment Scotland and Thorntons Solicitors.

Much of the refurbishment and improvement work was delivered by local contractors, suppliers and volunteers, reflecting AGCT's commitment to community wealth building and local partnership working.

The Visitor Centre reopened in December following completion of initial refurbishment works, restoring an important public facility within Glenmore including publicly accessible toilets, visitor information and café provision.

The first year of operation at Glenmore Visitor Centre brought significant learning and operational pressures as the Trust transitioned from project delivery into direct management of a complex community-owned visitor facility. Alongside progress made, the experience highlighted the importance of sustainable staffing structures, operational systems, strong leadership and long-term income generation.

During the year, the Trust strengthened the operational management structure at Glenmore Visitor Centre through the appointment of a dedicated Visitor Centre Manager. This has supported greater operational stability, team development and a stronger focus on sustainable day-to-day management as the organisation continues to adapt to the demands of operating a year-round visitor facility.

Income from the Glenmore car parks plays a crucial role in supporting the operation, maintenance and long-term sustainability of the Visitor Centre building and surrounding grounds during this early phase of community ownership. During the reporting period, rental income was also received from Forestry and Land Scotland through office lease arrangements following transfer of the building. The café operation itself is operated separately through AGCT Glenmore Ltd, a wholly owned trading subsidiary of the Trust, with lease arrangements intended to support AGCT's longer-term financial sustainability.

Alongside operational delivery, AGCT has continued to progress wider plans for Glenmore including heritage interpretation, environmental education opportunities, active travel infrastructure, climate resilience improvements and community engagement activity.

The acquisition and operation of Glenmore Visitor Centre also represents an important step in AGCT's wider long-term development as a community asset-owning organisation capable of managing complex facilities, partnerships and future strategic projects.

While substantial progress has been made, the Trust recognises that continued external funding and partnership support will still be required as the Glenmore project develops further.

Aviemore Ice Rink

Aviemore Ice Rink continues to provide important recreational, sporting and social opportunities for both the local community and visitors to the area, including valuable all-weather visitor activity within Aviemore.

During the year, the rink welcomed approximately 17,000 visits and continued to support public skating, curling, figure skating, ice hockey and learn-to-skate programmes. Importantly, the rink provides local young people with opportunities to participate and progress in ice sports without the need to travel long distances to access facilities elsewhere in the Highlands.

Page 2

AVIEMORE AND GLENMORE COMMUNITY TRUST

Report of the Trustees For The Year Ended 30th September 2025

The development and delivery of community ice sports has continued to be led by the Ice Rink Manager, supported by the wider rink staff team, coaches and volunteers. Their work has been central to maintaining regular activity at the rink, encouraging participation and helping young people progress locally.

The rink also supported school engagement during the year, with free Try Curling sessions delivered through Scottish Curling funding for 10 school groups, involving 182 pupils.

Local skaters and teams have continued to achieve success at regional and national level across figure skating and ice hockey, including Aviemore Avalanche winning the 2025 Scottish Ice Hockey Bowl, reflecting the strength of the local ice sports community and the pathways now developing in Aviemore.

During the year, the Trust also continued to invest in rink infrastructure and equipment, including the purchase of an ice re-surfacer, while supporting future planning for the facility.

The Trust continues to explore the long-term ambition of developing a permanent ice sports facility for Aviemore. During the year, AGCT secured support from The Cairngorms Trust through the Community Led Vision Fund to undertake a feasibility study into a future permanent ice facility. This work represents an important first step in understanding the viability, scale and long-term sustainability of a permanent community-owned ice facility.

The Trust recognises that significant future partnership working, funding support and detailed development work will be required before any future project could progress further.

The continued development of Glenmore Visitor Centre and AGCT's growth as a community asset-owning organisation also strengthens the Trust's long-term ability to support future strategic projects of this scale and complexity.

Community Development and Community Wealth Building

AGCT continues to believe strongly in the principles of community wealth building through local employment, local procurement, volunteering opportunities and community ownership.

Across Aviemore Ice Rink, AGCT Glenmore Ltd and the Trust's development role, the wider organisation supported around 18 roles during the year, including approximately 9 full-time roles. This included first-time employment opportunities for young people, supporting skills development, confidence and workplace experience within the local community.

AGCT's projects also continue to contribute to the cultural identity and heritage of Aviemore and Glenmore, supporting community participation, recreation and shared experiences across generations.

AGCT is evolving from a grassroots community organisation into a community anchor organisation managing long-term assets and increasingly complex operations. The Trust's ambition remains to deliver sustainable, community-owned assets that build opportunity and resilience for future generations.

Through these projects and activities, AGCT continues to advance its charitable aims relating to community development, recreation, sport, culture, heritage, environmental improvement and sustainable community ownership.

Development Officer Role and Organisational Capacity

The Development Officer post remains essential to the delivery of AGCT's aims, supporting funding applications, partnership working, project coordination, governance support, communications and strategic development activity across the Trust.

While AGCT has successfully developed operational activity and staffing across its projects, the organisation continues to rely heavily on the professional expertise, voluntary time and commitment of its Directors and volunteers in supporting governance, administration, project delivery and operational oversight.

The Board recognises that paid roles are the backbone of sustainable community development. While capital funding remains important, there continues to be a wider need for long-term revenue support for community-led organisations to sustain staffing capacity, governance and project development activity alongside operational delivery.

Page 3

AVIEMORE AND GLENMORE COMMUNITY TRUST

Report of the Trustees

For The Year Ended 30th September 2025

Future Plans

Looking ahead, AGCT will continue to focus on:

" Strengthening the long-term sustainability of the Glenmore Visitor Centre

" Continuing development of heritage, active travel and visitor infrastructure projects

" Supporting participation and growth in community ice sports

" Progressing next-stage discussions relating to a permanent ice facility

" Reviewing the future operating structure for Aviemore Ice Rink, including the rink to operate through a wholly owned trading subsidiary of the Trust

" Supporting wider community priorities and partnership working across Aviemore and Glenmore

AGCT's ambition remains to deliver sustainable, community-owned assets that build opportunity, resilience and long-term benefit for future generations.

Financial review

Financial position

AGCT made significant progress during the year following completion of the Glenmore Visitor Centre asset transfer and associated capital investment programme.

The Trust's charitable activities during the year were underpinned by project-specific grants together with operational income associated with Aviemore Ice Rink and Glenmore Visitor Centre.

AGCT now manages significant community-owned assets while continuing to operate Aviemore Ice Rink and support wider charitable activity. The development of sustainable income streams remains essential to supporting ongoing operations, staffing, maintenance and future project delivery.

The Board recognises the importance of balancing ambition with long-term operational sustainability as the organisation continues to grow in scale and complexity.

Reserves policy

The Board maintains a budget and cash flow forecast reviewed quarterly. The level of reserves held is currently limited but considered sufficient to support immediate obligations. The Trust continues to seek longer-term financial sustainability.

Structure, governance and management Governing document

AGCT is governed by a voluntary Board of Directors who are also charity trustees. The Trust operates in accordance with its charitable objectives, the Companies Act 2006 and OSCR guidance.

Governance and Board Changes

AGCT is governed by a voluntary Board of Directors who are also charity trustees. Board composition continues to evolve as the organisation grows in scale and operational responsibility, with ongoing focus on maintaining an appropriate mix of skills, experience and local representation.

The Trust would like to acknowledge and thank Duncan Swarbrick and Mike Gale, who stepped down as Directors during the year, for their commitment and contribution to AGCT over the past seven years. As founding members, both played an important role in helping establish and develop the Trust and its projects, including Aviemore Ice Rink.

Reference and administrative details Registered Company number

SC578898 (Scotland)

Registered Charity number

SC051417

Page 4

AVIEMORE AND GLENMORE COMMUNITY TRUST

Report of the Trustees For The Year Ended 30th September 2025

Registered office Goldwells 15-17 High Street Kingussie PH21 1HS

Trustees

Mr D J Swarbrick (resigned 8.4.25) Mr M P Dearman Miss L Bissett Ms J Bootle Mr M A Haggerty Ms E E McBean Mrs S J Devlin Mr M A Tate (appointed 29.5.25)

Company Secretary Mrs K Bruce

Independent Examiner Lorna Drummond FCCA Goldwells 15-17 High Street Kingussie Inverness-Shire PH21 1HS 16/06/2026 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Mr M P Dearman - Trustee

Page 5

Independent Examiner's Report to the Trustees of Aviemore and Glenmore Community Trust

Independent examiner's report to the trustees of Aviemore and Glenmore Community Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th September 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Lorna Drummond FCCA

Goldwells 15-17 High Street Kingussie Inverness-Shire PH21 1HS 16/06/2026 Date: .............................................

Page 6

AVIEMORE AND GLENMORE COMMUNITY TRUST

Statement of Financial Activities For The Year Ended 30th September 2025

Unrestricted
fund
Notes
£
Income and endowments from
Donations and legacies
68,101
Charitable activities
Ice rink
149,771
Other trading activities
2
10,362
Investment income
3
34,072
Total
262,306
Expenditure on
Raising funds
5,522
Charitable activities
Ice rink
139,858
Glenmore
687
Support costs
42,659
Total
188,726
NET INCOME
73,580
Reconciliation of funds
Total funds brought forward
118,267
Total funds carried forward
191,847		 Restricted
fund
£
11,490
-
-
-
11,490
-
11,490
-
-
11,490
-
-
-		 2025
Total
funds
£
79,591
149,771
10,362
34,072
273,796
5,522
151,348
687
42,659
200,216
73,580
118,267
191,847		 2024
Total
funds
£
24,053
169,349
9,769
-
203,171
5,934
153,570
-
36,698
196,202
6,969
111,298
118,267

The notes form part of these financial statements

Page 7

AVIEMORE AND GLENMORE COMMUNITY TRUST

Balance Sheet 30th September 2025

Notes
Fixed assets
Tangible assets
7
Current assets
Stocks
8
Debtors
9
Investments
10
Cash at bank
Creditors
Amounts falling due within one year
11
Net current assets
Total assets less current liabilities
Creditors
Amounts falling due after more than one year
12
Accruals and deferred income
14
NET ASSETS
Funds
15
Unrestricted funds
Total funds		 Unrestricted
fund
£
364,179
1,455
45,140
1
57,699
104,295
(33,443)
70,852
435,031
(218,184)
(25,000)
191,847		 Restricted
fund
£
257,242
-
-
-
7,854
7,854
-
7,854
265,096
-
(265,096)
-		 2025
Total
funds
£
621,421
1,455
45,140
1
65,553
112,149
(33,443)
78,706
700,127
(218,184)
(290,096)
191,847
191,847
191,847		 2024
Total
funds
£
111,999
1,185
7,012
1
96,177
104,375
(30,318)
74,057
186,056
-
(67,789)
118,267
118,267
118,267

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

AVIEMORE AND GLENMORE COMMUNITY TRUST

Balance Sheet - continued 30th September 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 16/06/2026

............................................. Mr M P Dearman - Trustee

The notes form part of these financial statements

Page 9

AVIEMORE AND GLENMORE COMMUNITY TRUST

Notes to the Financial Statements For The Year Ended 30th September 2025

1. Accounting policies

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. 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.

Improvements to property - in accordance with the property Plant and machinery - 15% on reducing balance Computer equipment - 33% on cost

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

continued...

Page 10

AVIEMORE AND GLENMORE COMMUNITY TRUST

Notes to the Financial Statements - continued For The Year Ended 30th September 2025

2. Other trading activities

Ice rink catering income
3.
Investment income
Rents received
4.
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2025
£
10,362
2025
£
34,072
2025
£
37,430		 2024
£
9,769
2024
£
-
2024
£
19,976

5. Trustees' remuneration and benefits

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

Trustees' expenses

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

6. Staff costs

The average monthly number of employees during the year was as follows:

Ice rink staff
Administrator		 2025
8
1
9		 2024
7
1
8

No employees received emoluments in excess of £60,000.

continued...

Page 11

AVIEMORE AND GLENMORE COMMUNITY TRUST

Notes to the Financial Statements - continued For The Year Ended 30th September 2025

7. Tangible fixed assets

Improvements
Freehold
to
property
property
£
£
Cost
At 1st October 2024
-
-
Additions
265,000
174,926
At 30th September 2025
265,000
174,926
Depreciation
At 1st October 2024
-
-
Charge for year
-
4,374
At 30th September 2025
-
4,374
Net book value
At 30th September 2025
265,000
170,552
At 30th September 2024
-
-
8.
Stocks
Stocks
9.
Debtors: amounts falling due within one year
Trade debtors
Glenmore debtor
Prepayments
10.
Current asset investments
Unlisted investments		 Plant and
machinery
£
168,712
106,926
275,638
56,969
32,800
89,769
185,869
111,743		 Computer
equipment
£
1,972
-
1,972
1,716
256
1,972
-
256
2025
£
1,455
2025
£
950
43,434
756
45,140
2025
£
1		 Computer
equipment
£
1,972
-
1,972
1,716
256
1,972
-
256
2025
£
1,455
2025
£
950
43,434
756
45,140
2025
£
1		 Totals
£
170,684
546,852
717,536
58,685
37,430
96,115
621,421
111,999
2024
£
1,185
2024
£
6,060
-
952
7,012
2024
£
1		 Totals
£
170,684
546,852
717,536
58,685
37,430
96,115
621,421
111,999
2024
£
1,185
2024
£
6,060
-
952
7,012
2024
£
1

continued...

Page 12

AVIEMORE AND GLENMORE COMMUNITY TRUST

Notes to the Financial Statements - continued For The Year Ended 30th September 2025

11. Creditors: amounts falling due within one year

Other loans (see note 13)
Trade creditors
VAT
Other creditors
Glenmore creditor
Deferred income
Accrued expenses
12.
Creditors: amounts falling due after more than one year
Other loans (see note 13)
13.
Loans
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
Amounts falling due between two and five years:
Other loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more 5yrs instal
14.
Accruals and deferred income
Capital grant

continued...

Page 13

AVIEMORE AND GLENMORE COMMUNITY TRUST

Notes to the Financial Statements - continued For The Year Ended 30th September 2025

15. Movement in funds

At
1.10.24
£
Unrestricted funds
General fund
118,267
TOTAL FUNDS
118,267
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
262,306
Restricted funds
Restricted
11,490
TOTAL FUNDS
273,796
Comparatives for movement in funds
At
1.10.23
£
Unrestricted funds
General fund
111,298
TOTAL FUNDS
111,298
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
181,037
Restricted funds
Restricted
22,134
TOTAL FUNDS
203,171		 Net
movement
At
in funds
30.9.25
£
£
73,580
191,847
73,580
191,847
Resources
Movement
expended
in funds
£
£
(188,726)
73,580
(11,490)
-
(200,216)
73,580
Net
movement
At
in funds
30.9.24
£
£
6,969
118,267
6,969
118,267
Resources
Movement
expended
in funds
£
£
(174,068)
6,969
(22,134)
-
(196,202)
6,969

continued...

Page 14

AVIEMORE AND GLENMORE COMMUNITY TRUST

Notes to the Financial Statements - continued For The Year Ended 30th September 2025

16. Related party disclosures

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

Page 15

AVIEMORE AND GLENMORE COMMUNITY TRUST

Detailed Statement of Financial Activities For The Year Ended 30th September 2025

Income and endowments
Donations and legacies
Donations
Grants
Other trading activities
Ice rink catering income
Investment income
Rents received
Charitable activities
Ice rink income
Total incoming resources
Expenditure
Other trading activities
Ice rink catering expenses
Ice rink expenses
Charitable activities
Wages
Pensions
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Repairs and renewals
Subscriptions
Plant and machinery hire
Credit card charges
Website costs
Professional fee
Staff training
Plant and machinery
Support costs
Management
Wages
Carried forward		 2025
£
47,183
32,408
79,591
10,362
34,072
149,771
273,796
4,662
860
5,522
86,137
1,523
5,522
22,675
655
7
5,570
-
6,512
1,278
3,654
1,452
228
1,993
807
13,734
151,747
21,070
21,070		 2024
£
1,918
22,135
24,053
9,769
-
169,349
203,171
4,896
1,038
5,934
73,801
1,541
8,269
26,745
667
204
9,836
795
6,743
4,813
3,775
2,005
1,148
-
1,005
12,223
153,570
28,248
28,248

This page does not form part of the statutory financial statements

Page 16

AVIEMORE AND GLENMORE COMMUNITY TRUST

Detailed Statement of Financial Activities For The Year Ended 30th September 2025

Management
Brought forward
Pensions
Insurance
Postage and stationery
Sundries
Bank charges
Subscription
Travelling expenses
Finance
Bank charges
Improvements to property
Plant and machinery
Governance costs
Accountancy
Bookkeeping services
Legal and professional fees
Total resources expended
Net income		 2025
£
21,070
1,476
464
169
184
-
1,418
511
25,292
921
525
162
1,608
2,672
1,747
11,628
16,047
200,216
73,580		 2024
£
28,248
660
397
30
260
575
1,065
211
31,446
45
-
-
45
2,718
842
1,647
5,207
196,202
6,969

This page does not form part of the statutory financial statements

Page 17