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Charlty Reglstratlon No. SCOS3784 IS¢otland) Company Registration No. SC774097 (Scotland) DUNBLANE SQUARE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 THEA9 PARTNERSHIP LIMITED Chartered A¢¢ountsnts 67169 High Str??t Dunblane FK150EE DUNBLANE SQUARE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustee$ Dr W F Carman MrJRKhan Mr D J Slorrie Mrs A E Smiley Mr F Van Zyl (Appointed 29 July 20241 Charlty number (Scotlandl SC053784 Company number SC774097 Reglstered offlco The Coach House Perth Road Dunblane Perthshire FK15 OHX Independent examlner Cassy McF8dzean 57159 High Street Dunblane Perthshire Scotland FK15 OEE DUNBLANE SQUARE LIMITED CONTENTS Page Trustees. report Independent examinels report Slalement of financial activities Balance sheet Notes lo the financial ststements 7-15 DUNBLANE SQUARE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 JUNE 2025 The trustees present their annual report and financial statements for the year ended 30 June 2025. The financial statements have been prepared in accordsnce wlh the accounting policies sel out in note 1 to the financial statements and comply wlh the charity's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotlandl Act 2005. the Charities Accounts (Scollandl Regulations 2006, FRS 102 "The Financial Reporting Standard applicablè in the UK and Republic of Ireland and the Charities SORP "kcounling and Reporting by Charities.. Statement of Recommended Practicè applicable lo Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicabSe in the UK and Republic of Ireland IFRS 102)" Objectlves and actlvities The principal objects Df the charty are as follows.. To advance citizenship and community development through activities and projects to cary out and further the following lor those which are aligned or akin) within and nearby the Cgmmunity:_ Promotion of Ounblane's history and heritage lan¢J recognising the enwronmenti through the preservalion of Bank House la category B listed original bank building) and working with other local groups, charities and organisalions to promolg events and increase visitors in order to promote such history and heritage Facilitating the gateway into the historic area of Dunblane 2nd providing a meel-point for tours and encouraging visitors and engagement through venue provision Increasing access to the arts across all topics and genres in an inclusive manner Facilitating the provision of community space to provide a fully a¢￿SSIble and inclusive space for people, especially families, to meet, eat and feel part of the community Public benefit The trustees have paid due regard lo guidance issued by the Charity Commission in decidlng what activities the charity should undertake. DUNBLANE SQUARE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Achlevements and performance Difference made lo beneficiaries and wid&rsoGiely. Whilst the Charity is still in the Development and build phase of the project and The Bank is not open we h8ve supported a number of local community events enabling The Dunblane Development Trust lo use the building and ths forecourt for open air events during the Extravaganza. We have engaged wilh a number of community C)rganisalions and charities to identify how The Bank can support their objectives when it is open. Our social media platforms continue lo show rapid growth - from a lolal of 20 F2cebook views for the whole ofAugust 2024 10 58,928 views for August 2025. Website views are also increasing rapidly - from a few hundred per month last year to over 1800 inAug 2025. Our mailing list has also grown and is now Over 1400 people Performance of fundraising 8Ctivrfies We have been successful in securing Community Ownership funding, and grants from Slafford Trust and Robert Barr Charitable Trust. We also successfully applied for UKSPF consultancy support via Stirling Voluntary Enterprise lo fund an options appraisal for hospitslity models. We have numerous other grant applications submitted that we are currently awaiting an outcome from. We are in the process of launching our Crowd funder in September and had a pre-launch event at Dunblane New Golf Club that was attènded by over 100 peoplè. This also included a number of community gioup members and local politicians expressing continued support for the charity. 8alanc&dpiclure of the charitys progress against its objeclives_ Building and refurb is going well. and we expect to complete Phase 1 before the end of the year and initiate Phase 2 in the New Ye8r. Vvhilst fundraising is the most difficult aspect of the project we remain positive and have now over 1000 members . robust project plan , recnjiled a Centre Manager and have clear line of si9hl as to how we can close the funding g8p through Grants, Crowd funder and potentially Social Loans. Positiv8 and negative f&Gtors that have affecled the &Ghievement of objeolives snd how future plans are affected. The Board is priorilising ils lime on challenges relalecl to the limited availabilty in capital funding and tho Llevelopmenl of a detailed Hospitality business plan to provide clear line of sight of how much revenue will be generated to satisfy any funders. The funding gap msy necessilale a delayed opening until such limes as the funding for Phase 2 is secured. However the Board are still confident that the combination of Grant applications, crowd funder and Social Loan should close the gap in the next quarter. Financlal review During the year the charity received grant income of £447,000 and spent £5,730 on charil2ble acliwties resulting in a nel surplus of £441,270. Reserves policy It is the policy of the charrty that funols which have not been designated for a specific use should be maintained al level equivalent to between three and six month's expenditure. The trLJStee8 consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to conb'nue the charity's current activities while consideration is given to ways in which additional funds may be raised. Structure. governance and management The charity is controlled by ils governing document, a deed of trust and constitutes an incorporal8d charity. The trustees. who are also the directors for the purpose of company law, anLY who served during the year and up lo the dale of signature of the financial slalemenls werè.. Dr W F Carman MrJ RKhan Mr D J Slorrie Mrs A E Smiley Mr F Van Zyl MSAM Gray (Appointed 29 July 20241 (Resigned 18 October 20241 DUNBLANE SQUARE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Recruitment and appointment of trusl&es New trustees are recruited to the charity at the invitation of the existing twslees. All ofthe trustees are members of the company and guarantee to contribute £1 in the èvenl of a wnding up. The trustees, report was approved by the Board of Trustees. Drw F Carman Trustee Date.. DUNBLANE SQUARE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DUNBLANE SQUARE LIMITED I report on the financial slalemenls of the charity for the year ended 30 June 2025, which are set out on pages 5 to Respective responsibilitie$ of trustèès and gxaminer The charity trusteès (who are also the directors of Dunblane Square Limited for the purposes of company lawl a responsible for the preparation of the financial stslemenls in accordance with the temis of the Charities and Trustee Inveslrnent Iscotlandl Act 2005 and the Charitiès Accounts IS¢olland) Regulations 2008.The charity trustees Consider that the audit requirement of Regulation 1011llal-l¢l of the Charities Accounts (Scotland) Regulations 2006 does not apply. 11 is my responsibility to examine the financial statements as required under section 4411llcl of the Charities and Trustee Investment (Scotlandl Act 2005 and to stale whether particular matters have come lo my attention. Bas1$ of independent examlner's statement y examination is Carried out in accordance with R￿UlatIOn 11 of the Charities Accounts (Scotlandl Regulations 2QOS. An examination includes a review of th& accDunts'ng records kept by the charity and a comparison of the rinancial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financi81 slalements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audrft, and conseq uently I do not express an audit opinion Dn the view given by the financial stalemenls. Independent examinerfs stat8ment In the course of my examination, no matter has come lo my attention 1. which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with Section 4411 Ila) of the Charities and Trustee Investrnenl (Scollandl Act 2005 and Regulation 4 of the Charities Accounts (Scollandl Regulations 2006, and to prepare financial statements which accord with the a￿oUNtIng records and comply with Regulation 8 of the Charities Accounts Iscotlandl Regulations 2006 have not been met. or 2. to which, in my opinion. attention should be drawn in order to enablè a proper UnLlerstanding of the financial statements to be reached. Mc Cassy McFadzean ICAS 57159 High Street Dunblane Perthshire Scotland FK15 OEE Date.. DUNBLANE SQUARE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025 Unrestrlcted funds 2025 Restricted funds 2025 Total Unrestrlcted funds 2024 2025 Notès Income from- Donations and legacies Charitable activities 447,000 447,000 975 Totsl Income 447,000 447,000 975 Expenditure on: Raising funds Charitable activities 2,337 495 5,730 5,730 Total expendlture 5,730 5.730 2,832 Net Incomelloxpendtturel and movement In funds 15,7301 447.000 441,270 {1,8571 Reconciliatlon of funds: Fund balances at 1 July 2024 11,8571 11,8571 Fund balances at 30 June 2025 17,5871 447.000 439,413 11,8571 The slalemenl of f Inancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. DUNBLANE SQUARE LIMITED BALANCE SHEET ASAT30 JUNE2025 2025 2024 as restated Notes Flxed assets Tangible assets 11 405,050 19,037 Current assets Debtors Cash al bank and in hand 12 27,010 42,101 2,140 5,320 69,111 7.460 Creditors: amounts falllng due within one year 134,7481 128,3541 Net curront assetsllliabllltlesl 34,363 120.894) Total assets less currgnt liabilitles 439,413 11,8571 The funds of the charity Restricted income funds Unrestricted funds 14 447,000 {7,5871 11,8571 439.413 11,8571 The company is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2008, for the year ended 30 June 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial stalemenls. The members have not required the company to obtain an audit of ils financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject lo the small companies regime. The cial stale s were approved by the trustees on . MrJRKhan Trustse Company registration number SC774097 (Scollandl DUNBLANE SQUARE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accountlng policies Charity Information Dunblane Square Limited is a private company limited by guarantee incorporsted in Scotland. The rgJislered office is The Coach House. Perth Road, Dunblane, Perthshire, FK15 OHX. 1.1 Accountlng conventlon The financial statements have been prepared in accordance wlh the charity's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scollandl Act 2005. the Charities A¢¢ounls {Scollandl Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities SORP 'Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accord8nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The charity is a Public Benefit Entity as eefined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Stalanent of cash flows. The finaneial slalements are p￿pared in sterting, which is the functional currency of the charity. Monétary amounts in these financial statements ale rounded lo the nearest £. The financial stalgmenls have been prèpared under the historical cost Convention. 1.2 Prlor period reststement The 2024 income and expenses were shown inclusive of VAT. The company became VAT registered and reported VAT transactions relating to 2024. As a ￿$￿11 there should have been a VAT debtor of £2,140 and the unreslricled deficit brought fonNard was overstated by £2,140. In the prior year costs relating to propety improvements were reported on the profil and loss account rather than the Balance Sheet. As a result the unrestricted deficit brought forward was ovèrslaled by a ftjrther £19,038. The company was awarded charitable status with OSCR on 14th November 2024, as a result the comparatives are also restsled into the Charities SORP IFRS1021 formal. 1.3 Golng concern At the time of approving the financial slalements, the trustees have a reasonable expectation that the charity h89 adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees conbnue to adopt the going concern basis of accounting in preparing the financial statements. 1.4 Charitable funds Unreslricled funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. 1.5 Income Income is recognised when the Charity is legally enlilled to il after any performance conditions have been met, the amDunls c8n be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relatlon to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation. Legaciès are recognised on receipt or othe￿ise if the Charity has been notified of an impending distribution. the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a conlingenl asset. DUNBLANE SQUARE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Accountlng policlgs Icontlnuedl 1.6 Expenditure Expenditure is recognised once there is a legal Qr constructive obligation lo transfer economic benefit lo a third party, it is probable that a transfer of economic benefits wll be required in selllemenl, and the amount of the obligation can be ffieasured reliably. Expenditure is Classified by aclivily. The costs of each activity are made up of the total of dIr￿t Costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not altribLJlable to a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent. and depreciation charges are allocated on the portion of the asset's use. 1.7 Tanglble flxed assets Tangible fixed assets are initially measured al cost and subseqLJently measured at cost or valuation. nel of depreciation and any impairment losses. Depreciation is recognised so SS to write off the cost or valuation of assets less their residual values trver Ih8ir useful lives on the following bas&s'. Freehold land and buildings Nil depreciation Freehold land anLY assets in the course of construction are not cSepreciate