REGISTERED COMPANY NUMBER: SC191978 (Scotland)

REGISTERED CHARITY NUMBER: SC07513

Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 December 2025

for

The Grant Hall (Rothes) Limited

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

11

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 31 December 2025. 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

The charity's objects are to preserve and conserve The Grant Hall, Rothes for the benefit of the local community.

We have been happy with the progress the committee have made keeping the hall open over the last year. We were fortunate to have some new members joining our committee at the last AGM which is always great to see.

The running costs remain a concern as the energy and running costs continue to escalate. The Committee have continued to be busy raising money to continue the steady progress of reinvesting and improving the venue.

Over the last year we have invested in new floor cleaning machines for both the upstairs and downstairs halls. We have had a new roller door fitted in the kitchen area and we have had the front foyer painted and secured funding to have the main hall and the café bar redecorated.

We have had a couple of resignations due to people having other commitments and not having the time to invest in the hall over the year, but the small hard-working committee continues.

The roof repairs which had been put on hold because of the money we have had to pay to SSE and reduced our finances dramatically. Through fund raising events we have slowly built up some funds again and we still plan to look at having the repairs carried out. We are also still planning to extend a large walk-in cupboard in the upstairs hall with stud partition wall and plasterboard.

We are looking into insulation in several areas to help reduce running costs for the benefit of the people using the hall and the hall finances.

We look forward to next year where we will continue the journey.

The charity is dependent on the support of volunteers who provide approximately 35 hours unpaid service per week.

FINANCIAL REVIEW

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which are sufficient to cover management, administration and support costs for a period of six months. The charity's total income for the year was £49,270 with total expenditure for the year of £55,527..

The level of restricted funds held at the year end was £10,281.

The level of unrestricted funds held at the year end was £283,483..

The company has reviewed the major risks as identified by the trustees and has put in place procedures to

mitigate these.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC191978 (Scotland)

Registered Charity number

SC07513

Registered office

46-48 New Street

Rothes

Aberlour

Moray

AB38 7BJ

Trustees

Ms G Innes

Mr D G H Johnston (resigned 6.1.26)

Mr N Slessor (resigned 6.1.26)

Ms L Allan

Company Secretary

Ms L Allan

Independent Examiner

Alan Long FCA

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

Bankers

Virgin Money

161 Mid Street

Keith

Moray

AB55 5BL

Approved by order of the board of trustees on 15 June 2026 and signed on its behalf by:

Mr D G H Johnston - Trustee

I report on the accounts for the year ended 31 December 2025 set out on pages four to eleven.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such 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 the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to 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 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

-	to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts 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 accounts to be reached.

Alan Long FCA

The Institute of Chartered Accountants in England and Wales

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

15 June 2026

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

99

-

99

1,800

Other trading activities

2

48,379

-

48,379

44,890

Investment income

3

792

-

792

611

Total

49,270

-

49,270

47,301

EXPENDITURE ON

Charitable activities

Hall Activities

53,499

2,028

55,527

27,259

NET INCOME/(EXPENDITURE)

(4,229

)

(2,028

)

(6,257

)

20,042

Transfers between funds

10

4,560

(4,560

)

-

-

Net movement in funds

331

(6,588

)

(6,257

)

20,042

RECONCILIATION OF FUNDS

Total funds brought forward

283,152

16,869

300,021

279,979

TOTAL FUNDS CARRIED FORWARD

283,483

10,281

293,764

300,021

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

7

253,986

-

253,986

255,799

CURRENT ASSETS

Debtors

8

2,614

-

2,614

2,658

Cash at bank and in hand

29,786

10,281

40,067

43,102

32,400

10,281

42,681

45,760

CREDITORS

Amounts falling due within one year

9

(2,903

)

-

(2,903

)

(1,538

)

NET CURRENT ASSETS

29,497

10,281

39,778

44,222

TOTAL ASSETS LESS CURRENT LIABILITIES

283,483

10,281

293,764

300,021

NET ASSETS

283,483

10,281

293,764

300,021

FUNDS

10

Unrestricted funds

283,483

283,152

Restricted funds

10,281

16,869

TOTAL FUNDS

293,764

300,021

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.

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 15 June 2026 and were signed on its behalf by:

Mr D G H Johnston - Trustee

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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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.

2.	OTHER TRADING ACTIVITIES

31.12.25

31.12.24

£

£

Fundraising events

35,714

29,771

Hall rents

12,665

15,119

48,379

44,890

3.	INVESTMENT INCOME

31.12.25

31.12.24

£

£

Deposit account interest

792

611

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.25

31.12.24

£

£

Depreciation - owned assets

7,680

7,381

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,800

-

1,800

Other trading activities

44,890

-

44,890

Investment income

611

-

611

Total

47,301

-

47,301

EXPENDITURE ON

Charitable activities

Hall Activities

27,259

-

27,259

NET INCOME

20,042

-

20,042

RECONCILIATION OF FUNDS

Total funds brought forward

263,110

16,869

279,979

TOTAL FUNDS CARRIED FORWARD

283,152

16,869

300,021

7.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2025

317,065

38,854

8,753

364,672

Additions

-

5,867

-

5,867

At 31 December 2025

317,065

44,721

8,753

370,539

DEPRECIATION

At 1 January 2025

64,384

36,304

8,185

108,873

Charge for year

6,341

1,197

142

7,680

At 31 December 2025

70,725

37,501

8,327

116,553

NET BOOK VALUE

At 31 December 2025

246,340

7,220

426

253,986

At 31 December 2024

252,681

2,550

568

255,799

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

2,155

2,193

Prepayments

459

465

2,614

2,658

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

1,968

40

Accrued expenses

935

1,498

2,903

1,538

10.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.1.25

in funds

funds

31.12.25

£

£

£

£

Unrestricted funds

General fund

283,152

(4,229

)

4,560

283,483

Restricted funds

Moray Council Town Centre Fund

13,869

-

(4,560

)

9,309

Rothes Council Windfarm

3,000

(2,028

)

-

972

16,869

(2,028

)

(4,560

)

10,281

TOTAL FUNDS

300,021

(6,257

)

-

293,764

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

49,270

(53,499

)

(4,229

)

Restricted funds

Rothes Council Windfarm

-

(2,028

)

(2,028

)

TOTAL FUNDS

49,270

(55,527

)

(6,257

)

Comparatives for movement in funds

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

263,110

20,042

283,152

Restricted funds

Moray Council Town Centre Fund

13,869

-

13,869

Rothes Council Windfarm

3,000

-

3,000

16,869

-

16,869

TOTAL FUNDS

279,979

20,042

300,021

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

47,301

(27,259

)

20,042

TOTAL FUNDS

47,301

(27,259

)

20,042

A current year 12 months and prior year 12 months combined position is as follows:

Net

Transfers

movement

between

At

At 1.1.24

in funds

funds

31.12.25

£

£

£

£

Unrestricted funds

General fund

263,110

15,813

4,560

283,483

Restricted funds

Moray Council Town Centre Fund

13,869

-

(4,560

)

9,309

Rothes Council Windfarm

3,000

(2,028

)

-

972

16,869

(2,028

)

(4,560

)

10,281

TOTAL FUNDS

279,979

13,785

-

293,764

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

96,571

(80,758

)

15,813

Restricted funds

Rothes Council Windfarm

-

(2,028

)

(2,028

)

TOTAL FUNDS

96,571

(82,786

)

13,785

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2025.