Holy Loch Sailing Registered Number SC052823 Holy Loch Sailing Club SCIO Report and Financial Statements For the Year end8d 31st December 2025 OSCR Reglstered scio SC052823
Holy Loch Sailingciub SCIO Report and Accountsforthe Period ending 31" December2025 Contents Holy Loch Sallingciub SCIO.......... Report and Financial Statements.................................................................................... Forth8 Year ended 31st December2025................................................ Reference and Administration details............................................ Trustees......................................... Trustees Annual Report.......................................................................................................... Govemance, Strutture. and Objective5............................................... Governln8 Document . Management Structure................................................................................ Charitable Objectives...........................,.................. Achlevements and Performance................. What Did We Do to Meet the Purposes................................................................................. Actlvitles.......................................... Salllng........................................................................................................................ Moorings............................................................ Safety Boats.................................................................................................................. Cadet5 Training.............................................................................. PVG.............................. Funding . Training............................................................................................. SocialActivities & Events management................................... Skiff . 10 10 10 Clubhouse.................- 10 Car Park and Stor8ge. Community Engagement.............................................................................................. Volunteers.................................................................................................................. Future Pians........................................... 12 FSnanclal Review..................... 13 ReseeS Pollcy............... 13 2of21
Holy Loch Sailing Club SCIO Report and Accounts forthe P8ri0d ending315t December2025 Based on the period ended 31st December 2025. 13 Financial Summary........................................................................................................... 13 Future plans................................. 13 Independent Examiners Report. 14 Respective responsibikntles ottrustees and ex8mSner..................................................... 14 Basis of independentexamin6r's stat8m6nt.................................................................. 14 Independent examiner's 8t8tement.............................................................................. 14 Receipts 8nd Payments Account..................................................................................... 15 Receipts . 15 Payments.. 15 Statement of Balances Cash Funds... 16 OtherAssets....... 16 Note5 to the Accounts.............................................................................. 18 Basis of Preparation Nature and Purpose of Funds . 18 18 Donations................................................................................................................ 18 Fundraislng. 18 Trading. Receipts from Charitable Activities. Other.................................................................................................................,..-. 19 19 19 Asset Sales..................................- 19 Trading.................................................................................................................... 20 Charltable Activltles...........................................................................,................,.. 20 io. ii. Governance, Legal Fees.......................................................................................... 21 12. Fixed Assets.......................................................................................................... 21 13. Related Party Transactions....... 21 3of21
Holy Loch Sailing Club SCIO Report and Accountsforthe Period ending31*1 December 2025 Reference and Administration details Charlty Name Holy Loch Sailing Club SCIO Name the Charlty Is known by HLSC Charlty Number SCO52823 Pvln¢lple Address The Clubhouse Shore Road Sandbank Argyll PA23 8QB Bankers Bank of Scotland PO Boxlo 8x2 ILB Independent Examlner Henderson & Co Chartered Accountants 73 Union Street Greenock PA16 8BG 4of21
Holy Loch Sailing Club SCIO Report and Accounts for the Period ending 31lt December 2025 Trustees POSITION DATE DATE NAME HELD APPOINTED 1910912023 1910912023 RESIGNED Kirsteen Brown Commodore Andrew Leech Treasurer 2811112025 Victor John Harrison Treasurer 2811112025 William Aitchison Sailing Secretary Cadet Officer 1910912023 Neil Towart 1910912023 Sallie Condv 1910912023 2811112025 Ruth Lee Membership Secretary Secretary 2811112025 Catrlona Cralg Alistair McLean 0211212024 0211212024 Vice Commodore Alisdair Clements 0211212024 Stuart Brown 0411212024 0211212024 lan Hurrel 2811112025 Alasdalr Macvlcar 2811112025 Harris Munns 0211212024 Marlon Bowen 0211212024 5of21
Holy Loch Sailingciub SCIO Report and Accountsforthe Period ending 31" Dècember 2025 Trustees Annual Report The Trustees present their Second Annual Report from registration on 19 September 2023 for the Year ended 3151 Dernber 2025 Governance, Structure, and Objectives Governing Document The Charity is a Scottish Charitable Incorporated Organlsatlon ISCIO} with a SCIO Constitutlon. It was registered on 19th September 2023 with the intention of tsking on the assets, liabilities and activities of the unincorporated Community Amateur Sports Club also known as Holy Loch Sailin8 Club. This pro$$ had been agreed by members of the former association at the Special General Meeting held on 4 July 2023. All people who were recorded as members of the fomier association at thls time became members of the SCIO from registration on 19 September 2023. Following the formation of the SCIO, the former unincorporated association Holy Loch Sailing Club was wound up, and all assets and liabilities were transferred to the new SCIO. Management Structure The SCIO ha5 a two-tier structure with both Members and Charity Trustees. The Members have the r*ht to attend the AGM and have Important powers when takln8 declslons in relation to any changes to the Constitution. The Charity Trustees are appointed annually at our Annual General Meetin8 unless there are vacancies which will be filled during the year. Trustee and other volunteering opportunities are advertised on our club website and promoted to members via email and social media. Annual trainin8 was provided for trustees on their roles and responsibilities. The Charity Trustees set the strategy and policy of the charity, control and supervise the activities undertaken and are responsible for monitorin8 its financial position. Charitable Objectives The charity Holy Loch Sailing Club SCIO has been established with the followin8 Charitable Purposes., To encourage ondfocilitote communityporticipation in heolthy recreotlon. by the provision offacilities for the sport of sailing/ boating/ woter sports and to provide sociol ond otherf(Kilitiesfor members ond other community organisotions os moy be appropriotefrom time to time. In furthering these purposes, the Club will 0150 seek to promote sofety when booting, encourage and promote good sportsmonship in the sport of boating and promote respect ond core for the mt7rine environment. 6of21
Holy Loch Sailing Club SCIO Report and Accountsforthe Period ending 31" December 2025 Achievements and Performance This Is Holy Loch Sailing Club SCIO'5 second annual report to OSCR. In this report, the trustees explain the activities the Club has undertaken in support of its charitable purposes, and what their priorities are over the coming season and further ahead. What Did We Do to Meet the Purposes Activities At the year-end 31 December 2025 our membershlp stood at 174 members, an Increase of IO% on last year11571. Membership consisted of.. 92 Members. 5 Intermediate Members, 19 Junlor Members (with a further 6 included in family membershlpl, 26 Family Members, 24 Social Members and 2 Volunteer members 6 Honorary Members. 2025 has been marked by notable achievements and steady progress. underscoring the club's commitment to fostering a vibrant and inclusive water sports community. Our racing pro8ram continues as a s18nificant hi8hlight, demonstratlng increased participation and enthusiastic en8a8ement, and culminatlng In a highly successful end-of-season Polaris Regatta where strong winds provided excellent spectator viewing and the shore events were well supported. The introduction of TesdaY night dinghy sailing. while yielding mixed outcomes due to varied attendance. has provided valuable insights to guide future programming. Membership has shown a good Increase at IO%, a testament to the club's communication initlatives, social media engagements, event programmin& and a welcoming atmosphere that encourages new and returning sailors and watersports members alike. The club has also demonstrated resilience in the face of challenges, such as storm damage in January and a spate of engine thefts, by swiftly upgrading security measures and reinforcin8 a culture of vi8ilance and care among members. Holy Loch Sailing Club owes its continued success to the dedication of its volunteers. whose commitment is the cornerstone of all club operations. Their effort5 have ensured the smooth running of an array of sailing and non-sailing events. a robust and well-maintained infrastructure. and a thriving cadet program. As the club looks ahead to 2026, vt remains steadfast in its mission to promote water sport5, Strengthen community ties. and prowde rewarding opportunitie5 for all who share a passion forwatersports. 7of21
Holy Loch Sailing Club SCIO Report and Accounts forth8 Period ending31" December2025 We made some of changes to our constitLrtion which were agreed at our second AGM on 28th November 2025, these were mainly tidying up of the document includin& numberin& spelllng and Improving the clarity of a couple of items e.g. changing 'cornmtttee' to 'Board', more detail around non-voting roles within the club and the inclusion of a new rnembership secretary role. Since becoming a SCIO, we have worked on our communications channels for members and to the wider community. We regularly update the website and promote our activities and events includlng sailing and the progress of the skiff build. We have received excellent coverage in the local paper and contribute weekly during the sailing season. Our social media channels are very active keeping members up to date with events and pittures. Sailing It was a Season of light winds. In spite of this. only one race was cancelled. It was rescheduled, and that meant our whole program of 27 races was completed. Likewise, at our end of season Polarls Regatta, the mixed conditions didn't prevent completion. As a trial thi5 year, we instigated Dinghy only racing on Tuesdays from the end of May. One Series, IPrlmary Points). of 4 raos, was completed with an average turnout of 4 boats. Support for the Second Serles, (Holiday Pointsl, declined rapidly, and eventually the decision was made to call a halt. The Saillng Sub Committee will be re.examinin8 this, and hopefully resume thi5 next Season, perhaps uslng a dlfferent format. The turnout of boats in the Wednesday Series was Din8hies 314, FF 213, Handicap 314, Pipers 516. Compared with other Clubs, having a turnout of 14 boats for evenin8 racin8 15 good, but the turnout for weekend racing continues to be less well attended. 2026 Is the 60th Annlversary of the Piper Class. and arrangements are well in hand by the Class Committee. Without the help of many. racing would not be possible. Thanks are due to safety boat crews for giving of their time, Also, the team at Lazaretto Point for Po13ris, officiating the Cadet racing, the results service throughout the season, and the team who provide the post racing kitchen Service. Volunteers mark laying assistance, and other duties. Holy Loch Sailing Club 15 holding steady in the difficult times prevailing in Clyde Yacht Racing, and hopefully a renewed effort on the din8hy front will provide the impetus for more participation. Moorings The administration of our rnoorings has improved. moorings have been tagged and locatlons logged and members now have a dirert contart with our new mooring coordinator. The club still awaits Bidwell's invoices for our moorings for 2024 and 2025. the delay has been due to the move to a SCIO 8of21
Holy Loch Sailingclub SCIO Report8nd Accounts forthe Period ending31" December2025 and it has taken time for Bidwell's to create the legal document required. We hope to have this remedied during 2026. Safety Boats The safety boats have been well maintained and are being fully serVid profe55ionally on a bi-annual basls rotating each boat, volunteers have carried out 8eneral maintenance and repairs as well as refurbishment durin8 the year. Following RYA guidance. we managed to Suc$SfUllY man our safety boats wlth 2 crew members for most TueaY and Wednesday evenings and 4 on Thursday night cadets. Cadets Training The Cadets started back at the end of April and ran to the mTrddle of September for the 2025 season. There were 25 cadets this year. We managed to include everyone that was on the waiting list for 2025. All evenings were excellently attended, and everyone seemed to enjoy themselves. It has been a Season of progress, where children have steadily improved. We had a great tUrrut for Polaris and some children have joined Toward sailing club winter series. We bought three toppers from Bardowie Sailing Club for a total of £101. We also refreshed the ISO covers. In addition. swordfish Marine donated a Pico dinghy and Pico sails. The trailers were also repalred at the Men'5 Shed. Next year the club will be looklng to replace the topper racking system and some hard launching trolley wheels. The cadet program Is reliant on volunteers, and the club continues to be grateful for the volunteer commitment. PVG Protecting Vulnerable Groups in Scotland is a background check for people who work with children or protected adults in "regulated roles" It is a legal requirement and is managed by Disclosure Scotland. We have progressed all those required for 2025 and intend to roll this out further in 2026 to include our safety boat crews. Funding We continue to monitor funding availabillty and now have a dedicated volunteer funding coordinator, identifying funding channels and supporting our funding plan. This is enormous support to the Board. We were also awarded some free advisory hours funded by Social Enterprise Academy to help us focus on funding landscape and requirements and planning our strategic aims for the future. We have been successful in two funding applications in 2025 - Western Ferries sponsorship and Alpkit and we continue to pursue these opportunities as they arlse and when we have approved projects that need fundin8. 9of21
Holy Loch Sailingciub SCIO Report and Accountsforthe Period ending 31" December 2025 Training The club trained 20 members in Ilfe savlng skills including defibrillation-The event was a collaboration with Heartstart and the Coast8uard. In 2026 we will run a first aid course and some powerboating courses in April to keep our safety-boat team topped up. We also plan to put one volunteer through an instrurtor course to support our Cadet program. All of which will support the ongoin8 growth of the club and enhance volunteer skills. Soci81 Activities & Events man8gement Runnlng an event is always hard work and it takes Ilme and commitment to organise, without the support of our members and thelrfriendswho do thiswe could not run them. We have put on a wide and varied program of events this year, some free, all of which have been successful and made proflts where fees charged to support our club. We hosted a number of events this year- engine maintenan workshop, wine palrlng evening, Boat Jumble. Abba ni8ht,"IVII never work" Screenin& Spring Tea, end of 5ea50n BBQ lifesaving skills, and our season highlight the Polaris Re8atta where we continue to be grateful to Shearwater marlne for thelr generous sponsorship and the end of year prize giving. The attendance was excellent at all the events and members who attended all commented on how much they enjoyed them and how well run they were. Running events is important as it provides a chance during both the sailing Season and off season for community engagement. members to connect and for the club to Increase its revenues to support our future plans. Skiff The sklff bulld program was agreed at Board level to allow the stsrt of the construction and further commitment agreed atthe 2025 AGM by memberstoallow completion. The build has made excellent progress In 2025 through the hard woik and enthusiasm of the build tearn and is expected to be completed in early summer 2026. Clubhouse The clubhouse has served the club well for many years, but it does have its challenges, e.g. it is cold In the winter and there is no easy way to incorporate a disabled toilet and other facilities, it was agreed at the AGM 2025 that a long-term infrastructure committee would be formed to address the lon8er- term footprint and infrastructure of the club buildin8s and land. We ran several maintenance days in 2025, they were well organised and achieved significant benefits, namely the clubhouse daddin& railings. radiators, and window frames have all been repainted. Curtains were cleaned and re-sewn, grounds weeded. and the car park tidied. Dinghy storage was improved. In addition, we now have a condition report that allows us to streamline what needs done and prioritise activities. IOof21
Holy Loch Sailingciub SCIO Report and Accountsforthe Period ending 31st De¢ember2025 The clubhouse has been used by several local community groups throughout the season to host their events for example, the clubhouse hosted the Fairlie Sailing aub muster. Mountain Bike AGM, Residents assoc. DGS leavers event and numerous private hires. Car Park and Storage Nominating a coordinator to manage the administration of our storage has benefited the club. it Is becoming easier to identify Boat storage ownership which 15 enablin8 the club to manage space and recelve income due. though there is still room for Improvement. The Galley and Bar We have a core group of members who show up every Wednesday and Thursday night provlding our sailing members with refreshments and always with a smile and occasionally some home bakln8. The bar has been well manned when required and the management of bar stock is improvin8 Wlth less waste and improved purchasing. Community Engagement The club attended an open day at Sandbank prlmary school where the students were able to look at dinghies and ask questions about sailing. Thls was a very successful event enjoyed by all those who attended. We are continuin8 to improve our presence and visibility in our local community; we Invited our advisor from Third Sector Support Cowal and Bute to our board meeting in February 2025. This connection has helped us with netr40rkin8 and advice. We nominated and attended Tsi (Thlrd sector interface) Volunteer awards where our youngest board member was shortlisted in 2 cate8ories Iyoung sports coach of the year and youn8 volunteer of the year), we took a table at Sandbank Volunteer Fair which translated into a number of new connections, potential new members and we now have a seat on the Tsi Strategy Forum as a voice for HLSC. The club continue5 to lease Argyll & Bute Council the land for the Sandbank Playpark for a notional £1. This is a very valued contribution to the Sandbank Community and has a positive impact on families in the area, however there are Still ongoing le8al discussions to move the lease to the SCIO. Volunteers As ever the club relies heavily on its members to volunteer to keep the club runnin8 and we would like to thank our volunteer members for continuing to commit their time and energy for the beneflt of the club, and the Board who continue to support the objective5 of the club. volunteer hours were estlmated in excess of 3(KK) hours in 2025. 11 of21
Holy Loch Sailingclub SCIO R6POrtand Accounts forthe Period ending31" December2025 Future PLans Looking to 2026. We have agreed a plan for the changing rooms, settling on a simple solution to ensure safeguarding requirements are met, this has been passed by the board at the November AGM and work will start at the be8inning of the year and be completed before racing starts in 2026. The slipway Is stlll causlng concem, and a proposal has been approved at the AGM 2025 to proceed with remedial work to be undertaken before the water sports season starts in 2026, we expect this work to support the slipway for at least 5 years. but this is not 8uaranteed. The St Ayles skiff build is progresslng wlth flnancial support from the club which allows the kit and materials to be purchased, we contlnue to pursue grant awards and have been successful with two as previously mentioned. We have had members donations and volunteer commitment to build as well as a free space to build provided by Swordfish marine. Thls will hopefully add future membership growth and re-in state coastal rowing in the holy Loch of which there is a long History. To support long term infrastructure planning- in 2026 we have appointed a subcommittee based on members who volunteered for this at the AGM to lead the direction of the club's infrastrurture strategy for the future. This would include any plans to change the fcotprlnt of the club. Succession planning15 crltlcal; we need to address areas of rlsk. These are Current and future Board changes and volunteer roles. We have also created a new Mernber5hip secretary role to manage our membership system and collection of fees. 12of21
Holy Loch Sailingclub SCIO Report and AccountsfoTthe Period ending318t December2025 Financial Review Reserves Policy Charity has a policy to maintain unrestritted funds. which are free reserves of the Charity, at a level equivalent to at least three months, expenditure. The Trustees consider that reserves at this level will ensure that in the event of a significant reduction in fundin& they will be able to continue the Charlties, current activities while consideration is given to ways in which additional funds can be raised. Based on the period ended 31st December 2025 Ordinary expendlture for 3 months amounts to £6,310. The Charity held, unrestricted. free. reserves of £38,380. The Trustees are therefore satisfied that this reserves policy is being met, and funds held in excess of thls amount are available to the Charity. Financial Summary Durlng the Perlod ending 31st December 2025. the Charity generated a surplus of £10,582. Future plans In thls annual review trustees note that the financial position is comparatlvely strong, but there are several upcoming projects that will need financial support in the next few years. Financial plans will need to Incorporate the allocation of funds for ongoing malntenance to the slipway: it being essential for safe access to the water and for various staged work5 for the club house, e.g. the more immediate set-up of private changing facilities to fulfil safeguarding needs and the neCeSry surveys and projert costs to investigate larger rebuilding for an accessible toilet and other facilities. We need to build our fund5 to be ready for these projects. At the time of approving the Financial Statements the Trustees have a reasonable expectation that the Charity has adequate resources to continue its operational existen for the next 12 months The Trustees declare that they have approved the above Report. Signed on behalf of the Charities Trustees. Date 13of21
Holy Loch S8ilingciub SCIO Report and Accountsforth8 Period ending3111 December2025 Independent Examiners Report We report on the accounts of the tharityfor the year ended 315r December 2025 which are set out on pages 16 to 21. Respective responsibilities of trustees and examiner The charitws trustees a responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2(K15 and the Charitles Accounts (Scotlandl Regulations 2006 las amendedl. The charity trustees consider that the audit requirement of regulation 10111 Idl of the 2006 Accounts Regulations does not apply. It is our responsibility to examine the accounts as required under Section 44llllcl of the Act and to state whether particular matters have come to our attention. Basis of independent examiner's statement Our examlnatlon Is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes conslderation of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit oplnlon on the view given by the accounts. Independent examiner's statement In the course of the examination, no matters have come to our attention, whith give us reasonable cause to believe that in any material respects the requirements: To keep accountlng records Sn accordance with Sertion 44111 lal of the 21)05 Art and Regulation 4 of the 2006 Accounts Regulations and to prepare account5 which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met. Robert J Henderson LLB CA Henderson & Co 73 Union Street Greenock PA16 8BG 14of21
Holy Loch Sailingciub SCIO Report and Accountsforthe Period ending31¥t December2025 Receipts and Payments Account Receipts 2025 Total Funds £ 2024 Total Funds Notes Unrestricted Funds £ Restricted Funds È Donations 2,553 30 2.583 24,490 Fundralsln8 457 457 29 Trading Charitable Activities 818 818 1,501 34.211 34,211 30,690 Other 85 32 117 133 Asset sales 2LK) Total Receipts 38,124 62 38,186 57,043 Payments Trading Charitable Activlties 637 637 1.991 io 20,680 20.680 17,914 Governance Legal Fees li 1.422 1,422 4.369 Flxed Assets 12 4.865 4,865 935 Total Payments 27.604 27,604 25.209 Net receiptslPayments Funds brought FoNiard 10,520 62 10,582 31,834 27,860 3.974 31,834 Funds carried Forward 38,380 4,036 42,416 31,834 The notes on the following pages form an integral part of these accounts. 15of21
Holy Loch Sailing Club SCIO Reportand Accounts forthe Pgriod ending31" December2025 Statement of BaLances Cash Funds 2025 2024 Unrestricted Funds £ Restricted Funds £ Total Funds £ Total Funds £ Openln8 Cash and Bank Balance 27,860 3.974 31,834 Surplus/Deficit for the Year 10.520 62 10,582 31,834 Closing Cash and Bank Balance 38,380 4,036 42,416 31,834 Other Assets 2025 Total 2024 Tot81 Unrestricted Restricted Club House and Land Sailing Dinghies and Spares Patrol Boats Tender and Engine Trailers and Trollies VHF Radios Raclng Equlpment & Trophies Fixture & Flttlngs Pressure Washer Vldeo Conference LaptOP5 ccrv Cameras Tractor St Ayles Skiff IWIPI Vacuum Cleaner Stock for resale iio,w) 37,401 11,0 iio,000 37,401 11,000 1,000 3,700 1,000 18,500 15,000 336 599 1.277 190 37,3CN) 11,0 3,700 3.700 1,000 18,5Q) 15.oc 336 599 18,51KI 336 599 1,277 190 3.142 155 992 2IyI,292 3.142 155 992 204.292 1,143 89,578 Total 88sed on valuation on 29Apri12026 by DM Hall 16of 21
Holy Loch Sailing Club SCIO Report and Accountsforthe Period ending 31st December2025 Liabilities 2025 Total Funds £ 2024 Total Unrestricted Fun(Js £ Restricted Funds £ Funds £ Mooring Fees Legal Fees Governance 5.000 2,160 630 8.630 630 8,630 600 2.760 Total 17of21
Holy Loch Sailingciub SCIO Report and Accountsforthe Period ending3111 December2025 Notes to the Accounts l. Basis of Preparation These accounts have been prepared on the ReIpts and Payments basis in accordance with the Charltles and Trustee Investment Iscotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 las amended). 2. Nature and Purpose of Funds Unrestricted funds are those that may be used at the discretion of the trustees to promote the objectlves of the charity and maintain a single unrestricted fund for the day-to4ay running of the club. The restricted fund in Callum McLachlan's name is to be used for the sole purpose of supporting young sailors further with their sailin8 careers. 3. Donations 2025 Total 2024 Total Unrestricted Funds £ Restricted Funds £ Funds £ Funds £ 24,371 59 From prevlous Organisation Cash Donation Polarls Regatta Donation Skiff Build donation Callum Mclachlan Fund 1,000 1,553 1.553 30 30 60 Totsl 2,553 30 2.583 24,490 4. Fundraising 2025 Total 2024 Total Unrestricted Funds £ Restricted Funds £ Funds £ Funds £ Argyll Lottery 457 457 29 29 Total 457 457 18of21
Holy Loch S8ilingciub SCIO Report and Accountsforthe Period ending 315t December 2025 5. Trading 2025 2024 Total Unrestricted Funds £ Restricted Funds £ Total Funds £ 458 360 Funds £ Online Store (Merchandise) Advertising space Race Organisation 458 360 781 200 520 1,501 Total 818 818 6. Receipts from Charitable Activities 2025 Total 2024 Unrestrlcted Funds £ Restricted Funtls £ Total Funds £ Funds £ Subscriptions Storage l Moorlng Sailing Income Baf / Kitchen Use of Clubhouse / Slipway Total 12,232 8,295 2,805 10,454 425 34.211 12,232 8,295 2,805 10,454 425 34,211 10,589 7,720 3,260 8.831 290 30,690 7. Other 2025 Total 2024 Total Uniestricted Funds £ 25 Restricted Funds £ Funds £ Funds £ Sundry Income Bank Interest 25 92 117 32 32 126 133 Total 8. Asset Sales 2025 Total 2024 Tot81 Unrestricted Funds £ Restricted Funds £ Funds £ Funds £ Wayfarer Dinghv 200 Total 200 19of21
Holy Loch Sailingciub SCIO Report and Accounts forthe Period en(Jing 31st December 2025 9. Trading 2025 2024 Unrestricted Fun¢Js £ Restricted Funds £ Total Funds £ Total Funds £ 1,629 362 Goods for resale Prizes 453 453 Total 637 637 1,991 10. Charitable Activities 2025 Total 2024 Total Unrestricted Funds £ Restricted Funds È Funds £ 6,584 70 4,234 1,199 195 259 2,410 685 1.311 288 430 414 1.078 Funds £ 7,068 70 3,490 934 132 235 1.719 510 945 257 482 638 91 26 Kltchen/ Bar Licenses Insurance Energy Water rates Broadband Repairs and Renewals Subscriptions Cleaning, Gardenin& and Waste Financial Charges IT char8es, Website Fuel Service and Repairs IBoats} Travel and Substance Advertising and Entertainment Postage and Stationery Training Others 6.584 70 4,234 1,199 195 259 2.410 685 1,311 288 430 414 1,078 14 503 14 503 427 238 652 1.006 20.680 1,006 20,680 Total 17,914 20of21
Holy Loch Sailingciub SCIO Report and Accountsforthe Period ending 31" December 2025 11. Governance, Legal Fees 2025 Total 2024 Total Unrestricted Funds £ Restricted Funds£ Funds £ Funds£ Legal Fees Governance Digital survey 4,369 600 822 1.422 600 822 1,422 Total 4,369 12. Fixed Assets 2025 Total 2024 Total Unrestricte'd Funds £ Restrictéd Funds £ Funds £ Funds £ 336 599 Pressure Washer Video confereftcin8 Topper dinghies Security Cameras Skiff Build IWIPI Laptops Vacuum Cleaner Tractor ioi 190 3,142 1,277 155 ioi 190 3.142 1,277 155 Total 4,865 4,865 935 13. Related Party Transactions There were no Trustee expenses, remuneratlon. or other benefits paid for the period ended 31st December 2025. There were no other related party transactions during the period. 21of21