Annual Accounts
Argyll and Bute Council · 15 December 2025
Back to Oban Common Good Fund — 15 December 2025 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
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Oban Common Good Fund Financial Statements for the year ended 31 March 2025 Simmers & Co Chartered Accountants OBAN
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Oban Common Good Fund Contents Page Trustees information 1 Profit and loss account 2 Balance sheet 3 Notes to the accounts 4 - 5
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Oban Common Good Fund Page 1 Trustees information Trustees Councillor Andrew Kain (Retired 25 April 2024) Councillor Kieran Green Councillor Jim Lynch Councillor Luna Martin (Retired 25 April 2024) Councillor Julia McKenzie (Appointed 25 April 2024) Councillor Amanda Hampsey (Appointed 25 April 2024) Accountants Simmers & Co Chartered Accountants Albany Chambers Albany Street Oban Argyll PA34 4AL Business address Oban Common Good Fund c/o Argyll & Bute Council Kilmory Lochgilphead PA31 8RT
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Oban Common Good Fund Page 2 Profit and loss account for the ended 31 March 2025 2025 2024 £ £ £ £ Investment income 57,251 56,012 _______ _______ Legal and Professional Costs Grants paid 30,168 36,386 Accountancy 3,317 3,316 _______ 33,485 _______ 39,702 Depreciation 118,000 89,550 Sundry expenses (1) 1 _______ (1) _______ 1 _______ _______ (151,484) (129,253) _______ _______ Other operating income Investment revaluation (deficit) surplus (97,500) 173,698 _______ _______ (97,500) 173,698 Interest receivable Bank deposit interest 2,317 1,957 _______ _______ 2,317 1,957 _______ _______ Net Loss (189,416) 102,414 _______ _______
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Oban Common Good Fund Page 3 Balance sheet as at 31 March 2025 2025 2024 Notes Fixed assets Tangible assets 1 5,504,000 5,622,000 Investments 2 2,015,138 2,112,638 _______ _______ 7,519,138 7,734,638 Current assets Debtors 3 15,400 15,062 Cash at bank and in hand 182,632 155,402 _______ _______ 198,032 170,464 _______ _______ Current liabilities 4 Bank loans and overdrafts 6,460 2,324 Accruals 15,610 18,262 _______ _______ 22,070 20,586 _______ _______ Net current assets 175,962 149,878 _______ _______ Total assets less current liabilities 7,695,100 7,884,516 _______ _______ Capital account Brought forward at 1 April 2024 7,884,516 7,782,102 Loss for the year (189,416) 102,414 _______ _______ 7,695,100 7,884,516 _______ _______ 7,695,100 7,884,516 _______ _______ I approve the financial information which comprises the profit and loss account, balance sheet and related notes. I acknowledge my responsibility for the financial information and for providing all information and explanations necessary for its completion. Date: 05 December 2025
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Oban Common Good Fund Notes to the Accounts For the year ended 31 March 2025 Page 4 1. Tangible assets Land and buildings freehold Total £ £ Cost At 1 April 2024 5,858,000 5,858,000 _______ _______ At 31 March 2025 5,858,000 5,858,000 _______ _______ Depreciation At 1 April 2024 236,000 236,000 Charge for the year 118,000 118,000 _______ _______ At 31 March 2025 354,000 354,000 _______ _______ Net book values At 31 March 2025 5,504,000 5,504,000 _______ _______ At 31 March 2024 5,622,000 5,622,000 _______ _______ 2. Investments Other Listed unlisted investments investments Total £ £ £ Cost At 1 April 2024 2,092,638 20,000 2,112,638 Revaluations (97,500) - (97,500) _______ _______ _______ At 31 March 2025 1,995,138 20,000 2,015,138 _______ _______ _______ Net book values At 31 March 2025 1,995,138 20,000 2,015,138 _______ _______ _______ At 31 March 2024 2,092,638 20,000 2,112,638 _______ _______ _______
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Oban Common Good Fund Notes to the Accounts (continued) for the year ended 31 March 2025 Page 5 3. Debtors 2025 2024 £ £ Other debtors 15,400 15,062 _______ _______ 4. Current liabilities 2025 2024 £ £ Bank loans and overdrafts 6,460 2,324 Accruals and deferred income 15,610 18,262 _______ _______ 22,070 20,586 _______ _______