CASTLEHOLM COMMUNITY TRUST Scottish Registered Charity Number: SC054310 Registered Company Number: SC777834 (Scotland) REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
CASTLEHOLM COMMUNITY TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 Pag• Report of the Tru$teo3 Independent Examinerfs report Statoment of Financial Activities Balance Sheel Notes to the Financial Statements 8-10
Page 1 CASTLEHOLM COMMUNITY TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORT) FOR THE YEAR TO 31ST DECEMBER 2025 The Trustees who are also the directors of the charlty for the purposes of the Compani8s Act 2006, present their annual report and financial statements for the year enéed 31st Dember 2025. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the financial statements and comply with the Charity's articles of assoGiation, the Charities and Trustee Investment {Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the 'Ac¢ounting and Reporting by Charilies: Statement of Recommended PraGtiGe applicable to charities preparing their financial statements in acGordance with the Financial Reporting Standard 102 aFvlicaLrte in the UK and Republic of Ireland,. Ob ectives and Activltles Activities Castleholm Community Trust has been formed for the public benefit of the community of Langholm and district comprising the area within the boundaries of Langholm, Ewes and Westerkirk Community council in the postcode district of DG13 ("the Community.), with the Purposes listed in the Suk>articles hereto (Yhe Purposes"), to be exercised following the principles of sustainable development. The Company's purposes are consistent with furthering the achievement of sustainable development with the following objectives.. (i) The advancement of citizenship or community development. (li) The advancement of the arts. heritage, culture or science. (iii) The advancement of public participation in sport. {iv) The provision of recreational facilities or th8 organisation of recreational activities. Achievements and rfomianc• nIfnt activities and achievements a ainst ob. ectives 2025 marked the Trusfs first full operational period follon9 Ihe historic transfer of 18.12 hectares of Castleholm, Langholm. The Castleholm Communty Trust established in 2023, is now the legal owner responsible for the stewardship, development. and long-term sustainability of the Castleholm. Charrtable ststus was secured in June 2025. The Castleholm transfer was completed after extensive public consultation and strong community backing. Over 50% of local rèsidents had previously expressed support for the transfer, and this support carried inlo 2025 through volunteer participation and lo¢al partnerships.
Page 2 CASTLEHOLM COMMUNITY TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES IINCLUDING DIRECTORS. REPORTI FOR THE YEAR TO 31ST DECEMBER 2026 Si nificant activities and achievements a ainst ob'e¢lives continued The Trust successfully upheld its commitment to keep Castleholm accessible for long-standing community traditions, including- Langholm Common Riding; Langholm Horse Racing Association events., Eskdale Agricultural So¢iely annual show. Langholm CriGket Club. Communication with all current user groups has continued by means of quarterfy 'User Group. rneetings. Continued collaboration with Buccleuch Estates. who supported the transition and expressed confidence in the Trust's stewardship, helped reinforce the Trusvs credibility and long-tem) prospects. The Trust's stewardship has ensured that Castleholm remains a vibranl hub for cultural, sporting, and social activities. Community ownership increases local pride and participation, reinforcing Castleholm's role as a central gathering plac8 in Langholm. Based on 2025 performance, the Trust is well-positioned to.. Develop long-term improvement plans for Castleholm's facilities. Expand community programming and events.. Pursue grants and partnerships to support infrastrncture and environmental With solid community backing, a clear vision and in démonstrating strong organisational performance, upholding community traditions, and laying the groundwork for sustainable, community-driven development, the Trust is poised for continued gr0h and impad in the years ahead. Financial Review Financial Re ort The Trust assets are comprised of tarvJible fed assets & cash deposits. At the ¢lose of the accourt the total net assets amounted to £(836) (2024.. £nil). The Trust re¢eived £3,000 of donatiorts during the financial year (2024.- £nil). Reserves Polic The Trust aims to hold reseeS of the equivalent of six months running costs. Obtaining charitable status has helped to improve our fundraising abilrty and we expect to generate more income through grants and donations in future.
Page 3 CASTLEHOLM COMMUNITY TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES {INCLUDING DIRECTORS. REPORT) FOR THE YEAR TO 31ST DECEMBER 2025 Structure Governance and Mana ement Govemin Document The Charity is controlled by its goveming document, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company adopted a charitable Status on 17th June 2025. anisational Structure The Structu of the Company consists of: The Members - comprising a) Ordinary Members (who have the rights to attend the AGM and any GM and elect natural persons to serve as Trustees and take deGisions)' and b) Associate Members and Junior Members. The Trustees - comprising a) Elected Trustees,. and b) Co-opted Trustees. Roforonce and Administrative Details Charit Number Scotland SC054310 Com Number SC777834 istered Office Ashley Bank House Langholm Dumfriesshire, DG13 OAN Trustees inted b election I Co-o ion Kenneth Pool David D Stevenson Roger Maxwell Duncan Elliott Calum Graham Jim Robertson Secretary Ann WaMi¢k Inde ndent Examiner John Hilditch CGMA
Page 4 CASTLEHOLM COMMUNITY TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES IINCLUDING DIRECTORS, REPORT) FOR THE YEAR TO 31ST DECEMBER 2025 Statsmont of Trustees. Res onsibilities In Res ect of the Flnanclal Statements The Trustees. who are also the directors for the purpose of company law, are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and with the Financial Reporting Standard$ applicable in the United Kingdom and Republic of Ireland. Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the charity and of the incoming resources and application of resources of the charitable company for that period. In preparing thes8 financial statements, the Trustees are required to: select suitable accounting F)oli¢ies and then apply ihem consistently., - observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonabl8 and prudent., - state whether applicable accounting standards and statements of recommended pradice have be8n followed, subject to any departures disclosed and explained in the financial statements and prepare the financial statements on the going COnM basis, unless it is inappropriate to assume that the Trust will continue on that basis. The Trustees are r8sponsible for keeping proper accounting records that disclose with reasonable accuracy at any time tfrie *%inan¢ial position of the Trust and enable them to ensure that the financial statements comply with the Charities and Trustees Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the Trust's constitution. They are also responsible for safeguarding the assets of the Trust and hen¢8 for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the Maintenan and integrity of charity. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements May differ from legislation in other jurisdictions. Financial statements ration The Trustee5 confirm that the financial statements for the year ended 3181 Derner 2025 have been prepared so as to comply with Cuent statutory requirements, the Charity SORP and the Twst's constitution. Trustee Date 26 Name: Roger Maxwell
Page 5 CASTLEHOLM COMMUNITY TRUST REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF CASTLEHOLM COMMUNITY TRUST FOR THE YEAR ENDED 31ST DECEMBER 2025 I report on the financial statements of Castleholm Community Trust (the 'charity') for the year ended 31st December 2025, which are set out on pages 6 to 10. This report is made to th8 Trustees, as a body, in accordan yth terms of my engagement. My bvork has been undertaken to enable me to report my opinion as sel out below and for no other purpose. To the fullest extent pemitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Trustees, as a body, for my work or for this report. Respective responsibilities of Trustses and examiner The Charity's Trustees are responsible for the preparation of the finanrial statements in accordance ¥¥ith the terms of the Charities & Trustee Investment (Scotland) Act 2005 {"the Act") and the Charities Accounts (Scotland) Regulations 2006 (as amended) ('Ihe Regulalions"). The Chaiity's Trustees consider that the audit requirement of Regulation 10(1) (al to (c} of the Regulations does not apply. It is my responsibility to examine the financial statements as required under seciion 44(1) (c) of the Ad and to state whether particular matters have Come to my attention. Basls of Independent examinevs report My examination was carried out in accordance with Regulation 11 of ts Charities Accounts (Scotlandl Regulations 2006. An examination includes a review of the accounting records kept by thè charity and a comparison of the financial statements presented with those records. It also includes Gonsideration of any unusual items or disclosures in Ihe financial statements, and seeks explanations from the Trustees concerning any 5uGh matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by Ihe financial statements. Independent examinefs statement In the course of my examination. no matter has ¢om8 to my attention- 1) Ythich gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with Section 44 (1) (a) of the Act and Regulation 4 of the Regulations,. and to prepare financial statements which a¢¢ord with the accounting records and comply with Regulation 8 of the Regulations, have not been met,. or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Examiner Date 13th A John Hilditch Gunshole Brampton Cumbria, CA8 2BX
Page 6 CASTLEHOLM COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2026 4 months to 31.12.2024 2025 Income and Endowments from: Gifts and donations Interest 3,000 Total Income ,000 nditure on.. Charitable Activities Property expenditure Support and govemance costs (3,439) (397) Total Expenditure 3,836 Net Income (836) Reconciliation of funds.. Total funds broh1 forward Total funds carried forward 836
Page 7 CASTLEHOLM COMMUNITY TRUST BALANCE SHEET 31ST DECEMBER 2025 Notes 2025 2024 Fixed Assets Tangible assets 14,337 6,455 Current Assets Debtors Cash at bank 1,806 10,223 3,845 Total Current Assets 12,029 Liabilities Creditors.. amounts falling due wlthln one yeai 27,202 10,100 Total Current Liabilities 27,2 10,100 Net Current Assets (15,173) (6,455) Total assets less current liabilities (836) Net Assets 836 Re resented b ." The Fun fthe Char Unrestricted Funds {836) Totsl Charity Funds 836 Approved by the Trustees and authorised to be signed on their behalF by: Date
Pa9e 8 CASTLEHOLM COMMUNITY TRUST Notes to the financial statements for the year ended 31st December 2025 1 Accountin Policies a) Financial statements ration The financial statements have been prepared under the historical cost convention ¥b4th items recognised at cost or transaction value unless otheNise stated in the relevant note(s) to these accounls. The financial statements have been prepared in a¢cordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their financial statements in accordan with the Financial Reporting Standard applicable in the Unrted Kingdom and Republic of Ireland {FRS1021 (second edition - October 2019), the Chartlies and Trustee Investment (Scotland) Act 2005. and the Charities Accounts (Scotland) Regulations 2008 (as amended). The Trust coDstitutes a publi¢ benefrt entity as defined by FRS102. The financial statements have been prepared on a going ¢on¢em basis. The Trustees have assessed the Trust's ability to continue as a going con¢ern and have reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future, thus they continue to adopt the going concem basis of accounting in preparing the financial statements. b) Income Voluntary income is included in the financial statements together with associated gift aid, ere applicable, when the Trustees have been advised of the donation and are certain of its receipt. ndilure Expenditure is included in the financial statement on an acGruals basis and recognised in full as soon as a ¢onstru¢tive obligation exists, the sums payable can be reliably measured and there is probability of payment. d) Govemance and Su ort Costs Support costs are the costs associated with the direct rnanagement of the charity. Govemance costs are the costs of compliance WFih the statutory and regulalory requirements All olher support and govemance costs are recorded in the Staternent of Finanoal Activites as appropriate. As the Charity does nol provide services directly by way of grants to other organisations, support and governance costs are not allocated against individual grants or donations.
Page 9 CASTLEHOLM COMMUNITY TRUST Nots8 to the financial slatements for the year ended 31st December 2025 1 Accountin Policies continued e) Grants Grants authorised to be paid in respect of the accounting year or future years are provided for in the financial statements in the year in which they are authorised. The Charity is not registered for VAT purposes and all VAT incurred is therefore irrecoverable. Where applied, VAT is included as part of the expense. 2 T8n ible Fixed Assets 2025 2024 Pro rt held for charitsble Cost at 1st January 2025 Additions during the year ur oses.. 6,455 7,882 6.455 Cost at 31st December 2025 14,3 6,455 3 Debtors 2025 2024 Amounts fallin VAT Debtor Prepayments due wthin one 174 1,632 1,806 4 Creditors 2025 2024 Amounts fallin Trade Creditors Amounts held on account due within one ar 540 26,662 10,100 27,202 10,100 5 Grfts and Donations 4 months to 31.12.2024 2025 Donations received 3,000 3,000
Page 10 CASTLEHOLM COMMUNITY TRUST Notes to the financial statemonts for the year •nded 31st December 2025 6Pro nditure 4 months to 31.12.2024 2025 General insurance Repairs & maintenance 1,942 1,497 3,439 7Su rt and Governance Costs 4 months to 31.12.2024 2025 Sundry èxpenses Advertising Bank charges 77 397 8 Trustee Ex nses No fees or expenses have been paid to the Trustees (2024, Nil). All Trustees act gratuf(ously.