CHARITY REGISTRATION NUMBER: SC000284
The Younger (Benmore) Trust
Unaudited Financial Statements
31 March 2025

The Younger (Benmore) Trust
Financlal Statements
Year ended 31 March 2025
Paga
Trustees, annual report
Independent examiners report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial ststements

The Younger (Benmore) Trust
Trustees. Annual Report
Year ended 31 March 2025
The twustees present their report and unaudrted financial statements of the charity for the year
ended 31 March 2025.
Reforenco and administrative details
Registered charity namo
The Younger (Benmote) Tntsl
Charity feglstrallon number
SC(XX)284
Principal office
The tru8taè8
{Resigned 31 October 2024)
Company vcretary
Structure. governance and management
Recruttment - Appcm'ntment of Trustees
New Trustee proposed by one of the Trustees arKI seconded. Deeds of Assumption & Conveyan
and Power of Attomey D0￿MentS drawn up by Trusl's sol￿OrS and these d()¢￿ments s￿n0d by all
Trustees including new Trustee.
Goveming Document
The Younger {8enmore) Trust is a registered tharty the purposes and administration of which are set
out in its founding document.
Objectives and activities
The Younger (Benrnore) trust makes funds available for such agr￿1 projeds in the Garden as come
wtthin the aims of the Trust bul which cannot readily be furKJed ftom nonnal Royal Botanic Garden
sources. To meet a gardenmofest related educats'onal (xthmrtment Ur￿eT the letms of the original
Deed of Gift. the Trust periodically also makes lunds available to assist garden staff in furthering their
knowledge of silvicultural arKI t>otanical pracbces and rt may provhle studenl incentives from time to
time. The purposes indude the advan￿rent of edu￿￿)n. advancement of the arts. heritage.
culture or scien￿. the advan￿rnent of envwcmmental prolectk)n Of inprovement.

The Younger {Benmore) Trust
Trustees, Annual Report (cortinuod)
Year ended 31 March 2025
Achl•vem•nts and perforni•n¢e
Activities
-contribution towards Benmore Botanic Garden Projects
-TravellBurSary￿rainln9 for Garden Staff
Achievements
-ongoing Estate Management
Investmenl in Stocks and Shares to benefrt Trusts Funds.
Flnanclal revlew
Reserves are invested in Stocks and Shares and in small amounts ol land The unrestricted funds can
b8 Uséd at the discfetion of the Truste88 in furtheranc* of the chanty's oty'ectiV88.
Tha trust8ès' annual report was approved on 16 Derxnbèr 2025 and s￿ned on behaff of the board of
trustees by

The Younger (Benmore) Trust
Independent Examinees Report to the Trustees of The Younger (Benmore)
Trust
Year ended 31 March 2025
I report on the accounts of the charity for the year ended 31 March 2025 which are set out on pages 1
to 14.
Respective responsibilities of trustses and examiner
The charily's trustees are responsible for the preparation of the accounts in accordance with the lerms
of Ihe Charities and Trustee Investment (Scotland) Act 2005 and the CharitEs Accounts (Scotland)
Regulalions 20(￿ {as amended) The charity trustees consKlei that the a￿lt requirement of
Regulation 10{1) lal lo Icl of the 2006 Accounls Regulat￿nS does not apply It is my responsibility to
examine the accounts as required under section 44(1) (c) of the Acl and to state whether particular
matters have come to my attention.
8a818 of independent oxaminer's 8tstement
My examination Is carried out accordance with Regulation 11 of the 2006 Accounts Regulalions. An
examinalion includes a review of the accounting records kept by the charity and a comparison of the
accounts presented with those records. It also includes consideralion of any unusual items or
disclosures In the accounts, and seeks explanations from the Irustees conceming any such matters.
The procedures undertaken do not provide all the evidence that wculd 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 the course of my examination, no matter has come to my attenb'r
which gives me reasonable cause to believe that in any material respect the requirements..
lo keep accounling records in accordan￿ with Section 44111 la} of the 2005 Acl and
Regulation 4 of the 2006 Accounts Regulations
to prepare accovnls which accord with the accounting records and comply with Regulation 8
of the 2006 Accounts Regulations
have not been met. or
to which. in my opinion. attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
16 December 2025

The Younger (Benmore) Trust
Statement of Financial Activities
Year ended 31 March 2025
2026
un￿InCted
funds Totsl funds Total funds
2024
Income and endowments
Donations and legacies
Charitable activities
Inveslment incorre
Other income
510
510
399
22,134
1,569
23.191
1.569
23,191
1,569
Total income
25.334
25.334
24,102
Expenditure
Expenditure on raising funds.
Investrnent management costs
Expenditure on chantable activrties
Total expenditure
7,882
6,022
7,882
6.022
7,539
2,866
9.10
13.gJ4
13,904
10.405
Net (losses)Igains on investments
12
(32.243)
(32.243)
45.152
Net (expenditure￿incorn8 and net movemont in funds
(20,813)
{20.813)
58.849
Reconciliation of funds
Total funds brought fO￿ard
Totsl funds carried forward
939.163
939.163
880.314
918.350
918,350
939.163
The statement of financial activrties indudes all gains and losses reCOgn￿ed in the year.
All incorne and expenditure derive from continuing actiVi￿s.
The noto• on pages 6 to 14 form part of the80 financlal •tstsments.

The Younger (Benmore> Trust
Statement of Financial Position
31 March 2025
2025
2024
Note
Fixed a88ets
Tangible fixed assets
Investments
17
18
23,745
825.402
27.352
871,362
849,147
898.714
Currnnt a88ets
Debtors
Cash at bank and in hand
19
18,711
51.392
13,197
28,152
70,103
41.349
Crodltorn: amounts lalllng du• wlthln on• year
Net curront •889ts
20
900
900
69,203
40,449
Total assets le88 current Ilabilities
918.350
939.163
Net assets
918,350
939,163
Fundg of the charity
Unreslricted funds
918,350
939,163
Total charity funds
21
918.350
939,163
These financial statements were approved by the board of truslees and authorised for i88ue on 16
December 2025, and are signed on behalf of ihe board by
Th• rbOte8 on pag•• 6 to 14 fomi part of th08• fin•nclal 8tatom•nts.

The Younger (Benmore) Trust
Notes to the Financial Statements
Year ended 31 March 2025
Genoral Inforniatlon
The chanty is a public benefft entty and a registered charily In Scotland and Is unincorporated.
The address of the pnnopal Offi￿ •I•IIVI
Slatsment of compliance
These financ￿1 statements have been prepared in cCmplian￿ with FRS 102. The Financial
Reporting Starrtlard appl￿ble in the UK and the Republic of Ireland., the Statement o
Recommended Practice applicable to chanlies prepanng their accounts in accordance wrth the
Financial Reportjng Standard applicable In Ihe UK and Republic of ITelaTKJ {FRS 102) {charit￿S
SORP (FRS 102)) and the Charrties and Trustee Investrnent (Scotland) Act 2005 the Charity
Accounts (Scotlandl Regulab'ons 20(￿ (as ameThJedl.
Accounting pollci
B••i• of pr•paration
The financial statements ha￿ been preparwj c¥) the htstorical (xtst basts, as m(yJrfied by the
revaluation of certain financial assets and liab11rt￿ and investr*nt proper￿$ measured at fair
value through in￿rne or expendrture.
The financial stalements are prepared In stefling. which functK)nal currency of the entty
Golng concern
There are no malerial uneertaintss about chaws ability to continue
Judg•m•nts and koy ￿Ure•• of Mllmatlon unc•rt•lnty
The preparation of the finanaal statements requires management to make judgements,
estimates aThJ assumptions that affe(a the amounts reported These estimales and judgements
are continually revie¥￿1 ale ba*1 on eXpe￿en￿ and other faclors, including expectations
of future events that are believed to be reasonable under the Clrcurnstan￿s
Significant Judgements
The Judgements (apart frc¥n those mofving estimatK)ns) that manageffent has made In the
process of apptying the entty's accounting polictt and that have the mosl S￿n￿lcan1 effect on
the amounts ieco3nis&l In the financ￿1 stalemenls are as follov43.
There are mateiial judgernents that rnanagement have made in the PfocesB of applying the
entty's acxx)untiThJ pol￿.
Key souices of eSt*nalK￿ ur￿rta1nty
Accounting estimales and assumpt￿nS are made conceming the future and, by their nature. will
rarely equal the related aclual outcome The key assumptions and other sources of estimation
uncertainty that have a signthcant nsk of causing a matenal adjustment to the carrying amounts
of assets and liabilil*s wrthin Ihe next financial year are as follthws..
There are no matenal accounb.ng estimatss and assumptiMs that have a S￿nifICant risk of
causing a material adjustrnent to the Ca￿yIng amounts of assets arKI liabili￿5 wrthin the nexi
finanual year.

The Younger (Benmore) Trust
Notes to the Financial Ststements (conthwd)
Year ended 31 March 2025
Accounting pollcies (contlnu
Fund accounting
Unrestricted funds are available for use at the diSCret￿n of the trustees to further any of the
charity's purposes.
DeS￿nated funds are unrestricted funds eamiarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions Dn their expenditure declared by the donor or
through the temis of an appeal. and fall into one of two sub<lasses'. restricted Income funds or
endowment funds.
Incoming rnsourcety
All incoming resources are Included In the ststement of financial activities when entitlement has
passed to the charity., rt is probable that the economic benefrts associaled wrth the transaction
will flow to the charty and the amount can be feliably measured. The following specific policies
are applied to particular categories of income..
income from donations Of grants is recognised when there is evidence of entitlement to the
gift. receipt Is probable and Its amount can be measured reliably.
legacy income is recognised when re￿Ipt is probable and entiilemenl is established.
incorne from donated goods is measured at the fair value of the goods unless this is
impraclical to measure reliably. in which case Ihe value is derived from the cost to the donor
or the estimated resale value. Donated facilrties and seDiices are recognised In the
accounts when received if the value can be reliably measured. No amounts are induded for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestrided funds unless there is a contractual
requirement for rt to be spent on a particular purpose and returned If unspent, in which case
it may be regarded as restricted.

The Younger (Benmore) Trust
Notes to the Financial Ststements (conl1n￿d}
Year ended 31 March 2025
Accounting policies (contlnu•dJ
Resources expended
Expenditure is reccgnised on an accruals basis as a liabilrty Is incurred. Expendrture includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates.
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading aclivities, and the sale of donated g(K)ds.
expenditure on charitable activities includes all costs incurred by a charty in undertaking
activrties that further rts charrtable aims for the benefrt of rts beneficiarbes. including those
support costs and costs relating to the governan￿ of the charity apportioned to charitable
activrties.
other expenditure indudes all expendrture that is nerther related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories refl8Cting the us8 of the resource. Dir8Ct costs
attributsble to a single activty are allocated directly to that activrty. Shared costs are apportioned
between the activrties they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are inrtially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impaimient losses Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairmenl losses.
An increase in the carying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has Pfeviously been
recognised as expendrture wrthin the statement of financial activrtbes. A decrease in the carrying
amounl of an asset as a result of revaluation. is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, In which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Investments
Unlisted equty investrnents are inTtialty recorded at cost. and subsequenty measured at fair
value. If fair value cannot be reliably measured. assets are measured al cost less impaimient.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.

The Younger (Benmore) Trust
Notes to the Financial Statements (contslnu•dJ
Year ended 31 March 2025
Accounting policie8 (eoneinu
Investments in associates
Investments in associates accounted for in accordan￿ wrth the cost model are recorded at cost
less any arxumulated impaiTment losses.
Investments in associates accounted for in accordan￿ with the fair value model are initially
recorded at the transaction price At each reporting date, the investments are measured at fair
value, with changes in fair value taken through income or expenditure. W71ere it is impracticable
to measure fair value reliably the cost model will be adopted.
Dividends and other distributions received from the investrnent are recognised as income without
regard lo whether the dislribulions are from ac￿MUlated profrt3 of the 8830ciate arising before or
after the date of acquisition.
Investments in joint ventures
Investments in jointty controlled entities ac¢x)unted for in accordan￿ with the cost mcmjel are
recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in accordan￿ with the fair value model are
initially recorded at the transaction pri￿. At each reporting date, the investments are measured
at fair value, wrth changes in fair value taken through incorne or expenditure. Vvhere it is
impracticable to measure fair value reliably the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accurnulated profits of the joint venture arising before
or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out al each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverabbe amount, the asset Is impaired accordingly. Pnor impaimients are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when rt is not possible to estirnate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating untt to which the asset belongs The cash-generaling unit is the smallest
Klentrfiable group of assets that includes the asset and generates cash inflows that largety
ndependent of the cash inflows from other assets or groups of assets.
For impaimient testing of goodwill, the gocrfjwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating unils that are expected lo benefft from
the syner9ie3 of the combinalion, irrespective of whether other a8sets or liabilities of the charity
are assigned to those unrts.

The Younger (Benmore) Trust
Notes to the Financial Statements (rnnllnuodj
Year ended 31 March 2025
Accounting policies (continu•d)
Financial instruments
A financial asset or a firbancial liabilty is rec(*3nised only when the entty 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 li is reccgnised at the present value of the future
payments discounted at a market rate of interest for a similar debt instTument. Current assets
and current liabilities are subsequenty measured at the cash or ott￿r consmjeration expected to
be paid or re￿iVed and not discounted. Debt instruments are subsequently measured at
amortised cost. Mhere investrnents in shares or preferen￿ shares are publicly traded or their
fair value can otherwise be measured reliably, the investment is subsequently measured at fair
value with changes in fair value recognised in income and expenditure. All other such
investments are subsequently measured at cost less impairment. Other financial instruments,
including derivatives, are inrtially recognised at fair valL•e. unless payment for an asset is deferred
beyond nomial business tems or financed at a rate of interest that is not a market rate, in which
case the asset is measured at the present value of the future payments discounted at a market
rate of interest for a similar debt instrument. Other financial instruments are subsequently
measured at fair value. with any changes recognised in profit or loss, with the exceplion of
hedging instruments in a designated hedging relationship (see hedge accounting policy).
Financial assets that are measured at cost or amortised cost are reviewed for objective eviden
of impairment at the end of each reporting date. If there is objectrve evKJence of impaiment, an
impaimient loss is recognised under the appropriate heading in the statement of financial
activrties in which the Initial gain was recognised. For all equrty instruments regardless of
significance. and other financial assets that are Indiv￿ua1ty sTrgnificant, these are assessed
individually for impaimient. Other financial assets are erther assessed individually or grouped on
the basis of similar credit risk characteristi(x Any reve￿15 of impaimient 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 impaimient not previously
been recognised.
Donation8 and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Donations
Donations
510
510
Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Income - Cherished Plan
399
399
10

The Younger (Benmore) Trust
Notes to the Financial Statements (cojrfknwd)
Year ended 31 March 2025
Inveslm•nt incom•
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Income from listed investments
Bank Interest
22.288
903
22.288
21,574
560
21,574
560
23.191
23.191
22.134
22,134
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Rent Received
1.569
1.569
1,569
1.569
Invo8tm•nt manag•m•nt c￿ts
Unrestricted Totsl Fund8 Unrestncted Total Funds
Funds
2025
Funds
2024
Portfolio Management Fees
7.882
7,882
7,539
7.539
ExpendSture on charitable activllios by fvnd typ•
Unrestncted Total Funds Unrestncted Total Funds
FurKIs
2025
Funds
2024
Unrestricted Funds
Support costs
5,209
813
5,209
813
1,899
967
1,899
967
6,022
6.022
2,866
10. Expenditurn on charitable aclivili08 by activity type
ActivitEs
undertaken
directy Support costs
Total funds
2025
Total ￿nd
2024
Unrestricted Funds
Governan￿ cxxts
5.209
70
743
5,279
743
1,966
900
5,209
813
6,022
2,866
11

The Younger (Benmore) Trust
Notes to the Financial Statements (Con￿￿d)
Year ended 31 March 2025
11. Analy818 of support costs
Unrestricted
Funds Tolal 2025 Total 2024
General offi
Finance costs
Governance costs
10
60
743
10
60
743
60
900
813
813
967
12. Net (10s808)Igalns on inveslments
Unrestricled Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Unrealised Gainsl(losses) on listed
investments
Realised Gainsl{losses) on listed
investments
{15,537)
(15.537)
34.818
34.818
(18,7(￿)
(32.243)
(18,706)
(32,243)
10,334
10,334
45,152
45.152
13. Net (expendltureylncome
Net (expenditure)fincA)me is stated after chargingl(credrting)
2025
2024
Depreciation of tangible fixed assets
1.203
14. Independent examination l•es
2026
2024
Fees payable to the irKlependent examiner for..
Independent examination of the financial ststements
743
900
15. Staff costs
The average head count of employees during the year was Nil {2024.. Nil)
No employee received employee benefits of more than £60.000 during the year (2024. NII).
16. Trustee remuneration and •xp•ns
An honorarium of £500 was pabj in the year.
12

The Younger (Benmore) Trust
Notes to the Financial Statements (c￿￿n￿d)
Year ended 31 March 2025
17. Tangibh fix￿ assets
La￿1 Pud('s Hut
Equipment
Total
Cost
At 1 April 2024
Disposals
19,003
4,742
4.810
(4.810)
28,555
(4,810)
At 31 March 2025
19,003
4,742
23.745
Depreciation
At 1 April 2024
Disposals
At 31 Mareh 2026
1,203
{1,203)
1,203
<1,203)
Carrying amount
At 31 March 2025
19.003
4,742
23,745
At 31 March 2024
19,003
4,742
3,607
27,352
18. Inv•8tm•nts
Llsted
Inv•8tments
C08t or valuatlon
At 1 April 2024
Additions
Disposals
At 31 March 2025
871,362
202,522
(248,482)
825,402
Impalrm•nt
At 1 April 2024 and 31 IAarch 2025
Carrying amount
At 31 March 2025
825.402
At 31 Mafch 2024
871,362
All investments shown above are held at valuation.
Financial assets h•ld at fair valu•
Listed investments are valued in the balan£￿ sheel at Marf(et Value at 31 March 2025.
19. Debtors
2026
2024
Othew debtors
18.711
13,197
13

The Younger (Benmore) Trust
Notes to the Financial Statements (ContInu￿￿
Year ended 31 March 2025
20. Croditor8: amounts falling dué within ono y•ar
2025
2024
Accruals and deferred income
900
900
21. Analy818 of charitablo funds
Unrestricted funds
At
1 April 2024
Gains and
At
losses 31 March 20251
Income Expendrture
General funds
939.163
25,334
(13,904)
(32,243}
91e,350
At
1 Apnl 2023
Gains and
At
losses 31 March 2024
Income Expenditure
General funds
880,314
24,102
(10,405>
45,152
939,163
22. Analysis of net assets between funds
Unrestricted Total Fund8
Funds
2025
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
849.147
70,103
(900)
918,350
849,147
70.103
(900)
918,350
Unr8strict8d Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
N•t a8uts
898,714
41,349
(900)
939.163
898,714
41,349
(900)
939,163
14