| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements For The Year Ended 30th September 2024 |
| for |
| AVIEMORE AND GLENMORE COMMUNITY TRUST |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements For The Year Ended 30th September 2024 |
| for |
| AVIEMORE AND GLENMORE COMMUNITY TRUST |
| AVIEMORE AND GLENMORE COMMUNITY TRUST |
| Contents of the Financial Statements |
| For The Year Ended 30th September 2024 |
| Page |
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 13 |
| AVIEMORE AND GLENMORE COMMUNITY TRUST (REGISTERED NUMBER: SC578898) |
| Report of the Trustees |
| For The Year Ended 30th September 2024 |
| 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 2024. 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: |
| - To provide or enhance the accessibility of recreational facilities, and/or organising recreational activities which will be available to members of the Community and public at large with the object of improving the conditions of life of the Community. |
| - Advancement of citizenship or Community development, including rural or urban regeneration. |
| - To advance the provisions for educational opportunities in the Community relating to environment, culture, heritage and/or history. |
| - To advance environmental protection or improvement including preservation, sustainable development and conservation of the natural environment, the maintenance, improvement, or provision of environmental amenities for the Community and/or the preservation of buildings or sites or architectural, historic or other importance to the Community. |
| AVIEMORE AND GLENMORE COMMUNITY TRUST (REGISTERED NUMBER: SC578898) |
| Report of the Trustees |
| For The Year Ended 30th September 2024 |
| Achievement and performance |
| Charitable activities |
| Glenmore Visitor Centre |
| During this reporting year, AGCT achieved a major milestone with a positive Decision Notice issued on 28 March 2024 by Forestry and Land Scotland (FLS), approving our Community Asset Transfer (CAT) request for the Glenmore Visitor Centre, café, car parks and surrounding land. |
| This followed the formal submission of our CAT application on 6 January 2024, and marked a turning point in securing long-term community ownership of this important site. |
| After receiving the decision, the Trust focused on developing the formal offer to purchase, working closely with solicitors, FLS, and funders to meet the conditions of the CAT. A loan offer was approved by Social Investment Scotland on 15 May 2024, and capital funding of £46,720 from CNPA's Climate Adaptation Fund was secured in July 2024 to support building energy improvements. |
| Alongside this, AGCT worked on: |
| - Detailed refurbishment plans for the building |
| - Securing additional funding to support improvements and operational set-up |
| - Community engagement and stakeholder communications |
| The CAT process built on over three years of groundwork and represents a transformational opportunity for the area. The Glenmore project aligns with AGCT's aims to deliver locally owned, climate-resilient infrastructure that supports visitor experience, local jobs, and cultural storytelling. |
| Aviemore Ice Rink |
| The Aviemore Ice Rink continues to operate successfully year-round, with an estimated 17,000 visits during the year. The rink plays a central role in: |
| - Providing public skating and family activities |
| - Supporting local figure skating, ice hockey and curling clubs |
| - Delivering learn-to-skate and youth sport development |
| - Offering accessible, inclusive community sport |
| Notable highlights this year include national and international success from local figure skaters, a growth in junior and adult hockey, and strong uptake of our Learn to Skate and Try Curling sessions. The rink continues to provide employment and volunteering opportunities and is increasingly recognised as a key year-round facility for Aviemore. |
| Community Action Plan |
| AGCT has actively contributed to the development of the new Community Action Plan for Aviemore, Glenmore and Rothiemurchus, working alongside ACC, ACE, VABS and other stakeholders. This plan sets a shared vision for future community-led projects, including aspirations for a larger ice rink, a community hall, a wheel park, improved path networks and sustainable housing. |
| Future Plans |
| Looking ahead, AGCT will continue to focus on: |
| - Continuing development work at Glenmore Visitor Centre, including delivery of the refurbishment programme and site activation |
| - Furthering discussions toward a permanent ice facility |
| - Advancing shared priorities from the Community Action Plan |
| AGCT's ambition remains to deliver sustainable, community-owned assets that builds opportunity and resilience for future generations |
| AVIEMORE AND GLENMORE COMMUNITY TRUST (REGISTERED NUMBER: SC578898) |
| Report of the Trustees |
| For The Year Ended 30th September 2024 |
| Financial review |
| Financial position |
| Income and Expenditure |
| AGCT's core charitable activities during the year were underpinned by project-specific grants and income from the Aviemore Ice Rink. While planning for future income generation at Glenmore Visitor Centre progressed, café operations and trading had not yet commenced during this reporting period. The Trust continues to face financial pressure due to the limited availability of unrestricted funding for core roles and ongoing project development. |
| Development Officer Role |
| The Development Officer post remains essential to the delivery of AGCT's aims. In 2024, the Trust received a contribution of £5,000 towards the role from Cairngorms National Park Authority. However, the majority of the post continues to be funded through operational income from Aviemore Ice Rink. |
| Significant voluntary time is also contributed by Board members. Together with the Development Officer, they have delivered complex, high-impact projects - including the Community Asset Transfer of Glenmore Visitor Centre, ongoing rink operations, and contributions to wider strategic initiatives. |
| This model places pressure on AGCT's ability to build reserves, maintain assets like the ice rink, and sustain delivery. It relies too heavily on goodwill and stretches voluntary capacity to its limits. |
| CNPA's support this year has made a meaningful difference, and we are grateful for its investment. But to build on this progress, core funding for staff is essential. |
| Paid roles are the backbone of successful community development. They provide the consistency, capacity and coordination needed to turn community priorities into action. |
| There is an urgent need for the Scottish Government to provide ongoing revenue support for community-led development. Capital grants are helpful, but without funding for staffing, operations and capacity building, the long-term delivery of community wealth building and local resilience becomes increasingly difficult to sustain. |
| 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. Board composition is refreshed as needed to ensure continued oversight, local representation, and skill balance. The Trust operates in accordance with its charitable objectives, the Companies Act 2006, and OSCR guidance. |
| Reference and administrative details |
| Registered Company number |
| Registered Charity number |
| Registered office |
| AVIEMORE AND GLENMORE COMMUNITY TRUST (REGISTERED NUMBER: SC578898) |
| Report of the Trustees |
| For The Year Ended 30th September 2024 |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Lorna Drummond FCCA |
| Goldwells |
| 15-17 High Street |
| Kingussie |
| Inverness-Shire |
| PH21 1HS |
| Approved by order of the board of trustees on |
| 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 2024. |
| 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 |
| 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 |
| 19th May 2025 |
| AVIEMORE AND GLENMORE COMMUNITY TRUST |
| Statement of Financial Activities |
| For The Year Ended 30th September 2024 |
| Period |
| 1.11.22 |
| Year ended | to |
| 30.9.24 | 30.9.23 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| Income and endowments from |
| Donations and legacies |
| Charitable activities |
| Other trading activities | 2 |
| Total |
| Expenditure on |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| Reconciliation of funds |
| Total funds brought forward |
| Total funds carried forward | 111,298 |
| AVIEMORE AND GLENMORE COMMUNITY TRUST (REGISTERED NUMBER: SC578898) |
| Balance Sheet |
| 30th September 2024 |
| 2024 | 2023 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 6 |
| Current assets |
| Stocks | 7 |
| Debtors | 8 |
| Investments | 9 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 10 | ( |
) | ( |
) | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Accruals and deferred income | 11 | ( |
) | ( |
) | ( |
) | ( |
) |
| NET ASSETS |
| Funds | 12 |
| Unrestricted funds | 111,298 |
| Total funds | 111,298 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| AVIEMORE AND GLENMORE COMMUNITY TRUST (REGISTERED NUMBER: SC578898) |
| Balance Sheet - continued |
| 30th September 2024 |
| 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 |
| AVIEMORE AND GLENMORE COMMUNITY TRUST |
| Notes to the Financial Statements |
| For The Year Ended 30th September 2024 |
| 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. |
| Plant and machinery | - |
| Computer equipment | - |
| 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. |
| AVIEMORE AND GLENMORE COMMUNITY TRUST |
| Notes to the Financial Statements - continued |
| For The Year Ended 30th September 2024 |
| 2. | Other trading activities |
| Period |
| 1.11.22 |
| Year ended | to |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Ice rink catering income | 9,769 | 7,522 |
| 3. | Net income/(expenditure) |
| Net income/(expenditure) is stated after charging/(crediting): |
| Period |
| 1.11.22 |
| Year ended | to |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Depreciation - owned assets |
| 4. | Trustees' remuneration and benefits |
| There were no trustees' remuneration or other benefits for the year ended 30th September 2024 nor for the period ended 30th September 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30th September 2024 nor for the period ended 30th September 2023. |
| 5. | Staff costs |
| The average monthly number of employees during the year was as follows: |
| Period |
| 1.11.22 |
| Year ended | to |
| 30.9.24 | 30.9.23 |
| Ice rink staff | 7 | 8 |
| Administrator | 1 | 1 |
| AVIEMORE AND GLENMORE COMMUNITY TRUST |
| Notes to the Financial Statements - continued |
| For The Year Ended 30th September 2024 |
| 6. | Tangible fixed assets |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1st October 2023 |
| Additions |
| At 30th September 2024 |
| Depreciation |
| At 1st October 2023 |
| Charge for year |
| At 30th September 2024 |
| Net book value |
| At 30th September 2024 |
| At 30th September 2023 |
| 7. | Stocks |
| 2024 | 2023 |
| £ | £ |
| Stocks |
| 8. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 9. | Current asset investments |
| 2024 | 2023 |
| £ | £ |
| Unlisted investments | 1 | - |
| AVIEMORE AND GLENMORE COMMUNITY TRUST |
| Notes to the Financial Statements - continued |
| For The Year Ended 30th September 2024 |
| 10. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| VAT | 2,422 | 2,960 |
| Glenmore creditor | 21,575 | - |
| Deferred income |
| Accrued expenses |
| 11. | Accruals and deferred income |
| 2024 | 2023 |
| £ | £ |
| Capital grant | 67,789 | 75,541 |
| 12. | Movement in funds |
| Net |
| At | movement | At |
| 1.10.23 | in funds | 30.9.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 111,298 | 6,969 | 118,267 |
| TOTAL FUNDS | 6,969 | 118,267 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 181,037 | (174,068 | ) | 6,969 |
| Restricted funds |
| Restricted | 22,134 | (22,134 | ) | - |
| TOTAL FUNDS | ( |
) | 6,969 |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 1.11.22 | in funds | 30.9.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 121,243 | (9,945 | ) | 111,298 |
| TOTAL FUNDS | 121,243 | (9,945 | ) | 111,298 |
| AVIEMORE AND GLENMORE COMMUNITY TRUST |
| Notes to the Financial Statements - continued |
| For The Year Ended 30th September 2024 |
| 12. | Movement in funds - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 148,242 | (158,187 | ) | (9,945 | ) |
| Restricted funds |
| Restricted | 38,004 | (38,004 | ) | - |
| TOTAL FUNDS | 186,246 | (196,191 | ) | (9,945 | ) |
| 13. | Related party disclosures |