Blair Atholl and Struan Initiative Charity Accounts

COMPANY REGISTRATION NUMBER: SC227985

CHARITY REGISTRATION NUMBER: SC032803

Blair Atholl and Struan Initiative

Company Limited by Guarantee

Unaudited Financial Statements

For the year ended

28 February 2025

Blair Atholl and Struan Initiative

Company Limited by Guarantee

Financial Statements

Year ended 28 February 2025

	Page

Trustees' annual report (incorporating the directors' report)	1

Independent examiner's report to the trustees	4

Statement of financial activities (including income and expenditure account)	6

Statement of financial position	7

Notes to the financial statements	8

Blair Atholl and Struan Initiative

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors' Report)

Year ended 28 February 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 28 February 2025 .

Reference and administrative details

Registered charity name	Blair Atholl and Struan Initiative

Charity registration number	SC032803

Company registration number	SC227985

Principal office and registered	Blair Atholl Village Hall
office	Main Street
	Blair Atholl
	PITLOCHRY
	PH18 5SG
	Scotland

The trustees

	Mr M J Williamson (Chairman)
	Mr D Mckenzie (Treasurer)
	Mr A Brindley
	Prof V E Cree
	Mr A S Gordon-Gibson
	Mr R Greer

Company secretary	Mr J B Charles

Independent examiner	John McKeith C A
	26/30 Bonnethill Road
	Pitlochry
	PH16 5BS

Structure, governance and management

The charity is a company limited by guarantee and is governed by its articles of association.

The members of the Charity are the Trustees for the time being and vice versa. We therefore have no membership from which to recruit new Trustees.

Our Board of Trustees could comprise:

- A representative of each "Regular User Group", principally the main local groups using our facilities, although it is difficult to persuade some groups to appoint one;

- A local Perth & Kinross Councillor (he/she is agreed among the 3 Councillors for the Highland Ward following each election);

- Up to 3 trustees co-opted by the Board.

We try to maintain a total of at least 6 Trustees as this helps to ensure continuity. If insufficient User Groups are willing to appoint representatives, we approach suitable members of the community. We try to maintain a balance of skills on the Board.

Objectives and activities

The objectives of the charity are:

(a) to promote and advance the education of the public about working and living sustainably in Blair Atholl and Struan and the surrounding area;

(b) to enhance the quality of life of the inhabitants of Blair Atholl and Struan and the surrounding area through projects which encourage and provide integration, diversification and sustainability;

(c) to advance public participation in sport and to provide, or assist in the provision of, recreational and other facilities therefor; and

(d) to prevent loss of life, by managing a community emergency fund for the benefit of organisations and individuals resident in Blair Atholl and Struan and the surrounding area, for the purpose of preparing, mitigating or recovering from the effects of events including, but not limited to, flooding, fires or explosions, hazardous materials release, extended power or utility outages or mass casualty events.

Achievements and performance

Income was, again, minimal with most of this being bank interest. The second grant which was awaited from the Basil Trust had been approved but will not now be taken. The application has been cancelled and the sports court feasibility study for which it was intended has been postponed.

Further maintenance of the sports court was carried out. The wooden panels surrounding the tennis court have been repainted and rotten ones replaced. Big thank you to the unpaid work team and Viv for organising lunches for them via the House of Bruar.

Regarding tennis court membership fees, it has been decided that there will be no membership fees for the 2025 season. The court requires virtually zero maintenance except for the occasional sweep through. John will also remove the basketball hoop supports as they are in danger of collapsing.

A tree has been planted in memory of Donald Isles and a stainless steel engraved plaque has been sited alongside.

Financial review

Total income for the year was £368 (2024: £3,749). Bank interest amounted to £313 with the balance being a small receipt from sports court hire.

The largest expenditure for the year was again for repairs and maintenance. Work was carried out in replacing the sports court wooden panels for a cost of £1,112. This was accomplished by a team of volunteers, however it has not been practicable to place a monetary value on the labour element and therefore the accounts show only materials costs. The balance of repairs and maintenance was the purchase of a commemorative plaque to Donald Isles, former trustee.

The insurance policy with Ansvar for events held in the park was cancelled after May 2024 after being found unnecessary. The separate policy with Perth & Kinross Council continues to apply.

The balance of expenditure consists of the usual administration expenses of accounts preparation and filing of the confirmation statement, plus the ongoing depreciation of the sports court equipment. Total expenditure for the year was £2,304 (2024: £5,432).

The overall result for the year was a deficit of £1,936 (2024: deficit of £1,683) which reduced total funds held at the year end to £36,617 (2024: £38,553). Of total funds, £20,461 was restricted (2024: £20,485). An analysis of funds held can be found in note 17 to the accounts.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report (incorporating the directors' report) was approved on 28 November 2025 and signed on behalf of the board of trustees by:

Mr M J Williamson (Chairman)

Trustee

Blair Atholl and Struan Initiative

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Blair Atholl and Struan Initiative

Year ended 28 February 2025

I report to the trustees on my examination of the financial statements of Blair Atholl and Struan Initiative ('the charity') for the year ended 28 February 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (‘the 2005 Act’), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

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 the charity’s accounts carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Independent examiner's statement

Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS 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 charity as required by section 386 of the 2006 Act, section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; or

2. the financial statements do not accord with those records or with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006; or

3. the financial statements 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 financial statements 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.

John McKeith C A Independent Examiner

26/30 Bonnethill Road Pitlochry PH16 5BS

28 November 2025

Blair Atholl and Struan Initiative

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 28 February 2025

	2025			2024
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	–	–	–	3,000
Investment income	6	313	–	313	239
Other income	7	55	–	55	510
		----	----	----	-------
Total income		368	–	368	3,749
		----	----	----	-------

Expenditure

Expenditure on charitable activities	8,9	2,280	24	2,304	5,432
		-------	----	-------	-------
Total expenditure		2,280	24	2,304	5,432
		-------	----	-------	-------

	-------	----	-------	-------
Net expenditure and net movement in funds	( 1,912)	( 24)	( 1,936)	( 1,683)
	-------	----	-------	-------

Reconciliation of funds

Total funds brought forward	18,068	20,485	38,553	40,236
	--------	--------	--------	--------
Total funds carried forward	16,156	20,461	36,617	38,553
	--------	--------	--------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Blair Atholl and Struan Initiative

Company Limited by Guarantee

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible fixed assets	14		18,237	18,250

Current assets

Debtors	15	–	608
Cash at bank and in hand		18,943	32,774
		--------	--------
		18,943	33,382

Creditors: amounts falling due within one year	16	563		13,079
		--------		--------
Net current assets			18,380	20,303
			--------	--------
Total assets less current liabilities			36,617	38,553
			--------	--------
Net assets			36,617	38,553
			--------	--------

Funds of the charity

Restricted funds		20,461	20,485
Unrestricted funds		16,156	18,068
		--------	--------
Total charity funds	17	36,617	38,553
		--------	--------

For the year ending 28 February 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

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

These financial statements were approved by the board of trustees and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:

Mr D Mckenzie (Treasurer)

Trustee

Blair Atholl and Struan Initiative

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland and a registered charity in Scotland. The address of the registered office is Blair Atholl Village Hall, Main Street, Blair Atholl, PITLOCHRY, PH18 5SG, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

No material judgements, estimates or assumptions were made in the preparation of the financial statements for the current or comparative years.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Restricted funds are subject to restrictions on their expenditure imposed by the donor.

Incoming resources

All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Sports equipment	-	25% reducing balance
Sports pitch	-	10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Cash and cash equivalents

Cash and cash equivalents consist of deposits on call at banks.

4. Limited by guarantee

The company is limited by guarantee.

The liability of the guarantors in the event of a winding up is limited to £1.

5. Donations and legacies

Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Grants

Other grants receivable	–	–	3,000	3,000
	----	----	-------	-------

6. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Bank interest receivable	313	313	239	239
	----	----	----	----

7. Other income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Rents	55	55	510	510
	----	----	----	----

8. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Provision of sports pitch	1,696	–	1,696
Support costs	584	24	608
	-------	----	-------
	2,280	24	2,304
	-------	----	-------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Provision of sports pitch	4,946	–	4,946
Support costs	486	–	486
	-------	----	-------
	5,432	–	5,432
	-------	----	-------

9. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Provision of sports pitch	1,696	–	1,696	4,946
Governance costs	–	608	608	486
	-------	----	-------	-------
	1,696	608	2,304	5,432
	-------	----	-------	-------

10. Net expenditure

Net expenditure is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets	13	17
	----	----

11. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	480	426
	----	----

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by any trustee (2024: nil)

No trustees were reimbursed for expenses incurred (2024: nil).

13. Staff costs

The total number of employees during the year was nil (2024: nil).

14. Tangible fixed assets

	Land and buildings	Sports equipment	Sports pitch	Total
	£	£	£	£
Cost
At 1 March 2024 and 28 February 2025	18,200	1,027	77,737	96,964
	--------	-------	--------	--------
Depreciation
At 1 March 2024	–	977	77,737	78,714
Charge for the year	–	13	–	13
	--------	-------	--------	--------
At 28 February 2025	–	990	77,737	78,727
	--------	-------	--------	--------
Carrying amount
At 28 February 2025	18,200	37	–	18,237
	--------	-------	--------	--------
At 29 February 2024	18,200	50	–	18,250
	--------	-------	--------	--------

The land value contained within the financial statements is in respect of that proportion of the overall land gifted which pertains to the all weather sports pitch. It does not reflect the value of the total land gifted. The valuation of the portion of land gifted was made by Finlayson Hughes, Chartered Surveyors.

15. Debtors

	2025	2024
	£	£
Other debtors	–	608
	----	----

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	563	932
Other creditors	–	12,147
	----	--------
	563	13,079
	----	--------

17. Analysis of charitable funds

Unrestricted funds

	At 1 March 2024	Income	Expenditure	At 28 February 2025
	£	£	£	£
General funds	18,068	368	(2,280)	16,156
	--------	----	-------	--------

	At 1 March 2023	Income	Expenditure	At 29 February 2024
	£	£	£	£
General funds	19,751	3,749	(5,432)	18,068
	--------	-------	-------	--------

Restricted funds

	At 1 March 2024	Income	Expenditure	At 28 February 2025
	£	£	£	£
Atholl Estates	18,200	–	–	18,200
Community Fund	2,285	–	(24)	2,261
	--------	----	----	--------
	20,485	–	(24)	20,461
	--------	----	----	--------

	At 1 March 2023	Income	Expenditure	At 29 February 2024
	£	£	£	£
Atholl Estates	18,200	–	–	18,200
Community Fund	2,285	–	–	2,285
	--------	----	----	--------
	20,485	–	–	20,485
	--------	----	----	--------

The Atholl Estates fund represents the market value of the gift of land made by Atholl Estates in the year to 28 February 2003 less any disposals in following years.

The Community Fund is to be applied towards providing relief in emergency situations occurring within the community.

18. Analysis of net assets between funds

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Tangible fixed assets	37	18,200	18,237
Current assets	16,682	2,261	18,943
Creditors less than 1 year	(563)	–	(563)
	--------	--------	--------
Net assets	16,156	20,461	36,617
	--------	--------	--------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Tangible fixed assets	50	18,200	18,250
Current assets	31,097	2,285	33,382
Creditors less than 1 year	(13,079)	–	(13,079)
	--------	--------	--------
Net assets	18,068	20,485	38,553
	--------	--------	--------

19. Related parties

There were no transactions with related parties during the year (2024: nil).