Charity l%umber: SCOOI556 The Grocers Company of Paijky Ststemeat of Acco•Mts For the yur ended 30 September 2025
The f•rocerA Compaffly of Pxislry Contents For the year ended 30 September 2025 Paze Report of the Directon 5tstement of Financial Activit Balance Sheet Note• lo the Tr-iaAneial Statements Report of the Iependl Examiner 10
The Groeerj Company of Paisky Report of the Direeto For the year emded 30 September 2023 The director& who arc also the trustees of th¢ ¢lwity• present their annual rqK)rt and finala1 temcnts of the charity for the year ended 30 Scpt¢mb¢r 2025. Thc fllwjcial statements have been prepared in aecordanee with the a¢¢ountm8 policiH s¢t out in note 110 the accounts and omply with tk Charities and Trustee Investment (Sc¢xland) Act 2(M)5. th¢ Charilics Accounts (Scotland) Regulations 21x16 ( amended) and Accounting and RelIng by Charities: Statement of Recommended Pradice applicable to charities prqwing their accounts in accordancc with the Firwicial RcwYtin8 Stathrd applicable in the UK a1 Republic of Ireland (FRS 102) {¢ff(Ytivc 01 January 2019). Objeclives and aetlvities The c)bjective of the Grocers Company of Paisley is thc provision of finala1 supwrt deservin8 The directors, aim is to distribu* finala1 sUPpt at a lcvcl 4uaUin8 the net income of the Company and not dispox of aoy invcstsncnts to pay the aliment Achievements and perfornianee The number of alimentars rcmained at two the year under review. The direth ¢ontinuc to seek additional alimcntars. The dire¢tor8 ¢onts'nued with th¢ir policy of paying the alimcnts out of the C.nmTrqny's investment incomL' dn(I Ivaving the eapital intsci. The annual ount paid cach of thc al imcntsr¥ wa5 £2,450 (2024: £22CN)). Financial review The surplu.q for Ihl y¥ar. Ixfore taking xcouut of other recnEniAed 8xins 10s5es, Was £2,112 (2024.. £1,641). "fhc decrease in the Surplus is due mainly to a in the investmellt IvIl rcLLi ved i(yeiher with an Ire in expenditure. The previous year's increase in stLKk market values continued into the current year. Th¢r¢ was a gain on reali5cd invcstments of £530 (2024.. I(5 £858) and the UDrealised investment 8ain at th¢ year4nd wa8 £53.749 (2024: gain £47.652). The director8 cortinue to closely monitor thc financial position of the chariiy. Investment policy and performance Thc Company's assets" are invested in a range of cquities and government srturities. Investment decision5 are taken on the advice of Rathtx)nes. Th¢ policy is for a medium risk invcstmcnt policy with the aim of mainthinin8 the capitsl valu¢ of the funds in real ternis and prod1n8 an incom¢ that can be used to support thc Ghanthblc objts. Given the ntinUIn8 uncerlainty in slobal stock markcts since thc COmLMent of the Covid-19 pandemic and other e£onomi¢ and political issue& tl1¢ dircctors ar¢ satisfid with thc perforniancc of the inv¢sthient portfolio.
The Groetrt Company of Paisley Report of the Directord (cont'd) For the year emded 30 September 2025 Risk MAnggement sk review is an onsoill8 import1 item f(K the dectorS, identiffi'ng the many risks the Company fxes and recording responses and actions to control these riqks. The major risks to the Company are identifKd as a pernianent decrease in the Val of the investments. insuificient income 8encrnted by th¢ inv¢51mcnts to provide a 4uitable amount payabl¢ to th¢ alimentars. the idcntification of future alimentars and th¢ ability to ilkntify suitable pcrsons to become rcplacements on the resignation of tb¢ cxislin¥ direcior The dirlor6 r¢co8nise Ihul thcrc comill tu br %ignifiant fluctuations in stock market prices and are in rc¥u14W contaci with the Company's investmcnt adviser on Ihis subject. The v investment adviser i&8ues quarterly rrw>rts and advists the dircctors of changes in the holdings in the portfi)lio. The directors are satisfied that the Boatd contain an appmpriatc number of directcys with the skill s¢ts to ensure thc charity is propLYly managcd and Lomplyin8 its objcctives. The dircctors continue to seek additional alimentarn however the is accepfartt of the fact thai the objectives of the Constitution have kn'ume outdated and requirc amendmcnt. The directors bavc rcviewed the structure of th¢ charity and an application w&$ submiticAI to the Olfic¢ of The Scottish Cburily Rcgulator (OSCR) i(1 rc-or8anise th¢ Constitution. Approval has ieLeived and this matter will b¢ put to thc McmlKrs. R¢rves Policy Th¢ Lump¥ny's policy is. on an annual h&si& to distribute the income AfiAin8 from its illvtstslm¢nts, alimenw payments. The director¥ c{5)der that thc Icvcl of r¢s¢rvc% is such that li will cnabl¢ Them to pay ahmvnts at o r¢a3onablc Icvel a1 l11p]Y wilh irs stated policy. Plans for the fumre Ihe director5 have previously recognised the 'TWing numbcr of alim¢ntarb and Ihe re8trictivn in makiii¥ awards UDdcr the current Consts. lutson. To add thesc i55u¢& appl icati()n WAA madc to the ufficc ot" the Scottish Clwity Regulator (OSCR) to re-or8 the Constitution to Ixoadcn thc vbjects of ihe charity to allow the director5 to have more ope in Ik grantin8 of awards. Approval for the above ha8 becn ¢¢iv and the Director5 will prcs¢nt infomwtion to the Members at an Annual General M¢etin& to be held in 2026. At this meetin8 the Directors will seek the vicws of th¢ mcmlKr¥ un whai their wishes 00 the future objects and strlure of tl charity. The directors are confithnt th¢ Company will be able to maintsin a reawnable level of aliment payments over the next twelve month
The Grocera Company of Pxisley Report of the Director4 (cont'd) For the yer e•ded 30 September 2025 Strneture• governance iod manazement The direct(Ys of the cFJarity. who are also charity tnle¢S Under charity law. are appointed by th¢ board of directorn The directors meet re8ulaAy kn dIU35 the operniion of the charity. wtulsi the day to day running of the charity is delegated to Clerk. All new directors are given an induction into tlK obj'cclives. athnini3trative wUreS and background of charity, by the Prese5 arml the Clerk. Financi InfOrntion LS suppl lcd kn the dircctors at th¢ir re8ular Me184 by the Clerk Referenee and adminiJtrAthve Informatwn Directors Roddy Morrison (Pre8es) Joc Fkattie Jnr Dougl Paxton Dr Andy BuchAnan Frnnk Hirst clerk A Johnston Scottish Charity Number sc(X)1556 Independent Eiamlner Paul Craig FCCA Azcts Audil Scrvices Limited Titanium I Kii?g li Inch Place Rcnfrcw Glas8OW PA4 8WF Bankerj Bank of Scotland The Cross Paisley PA I I DD Invutmeit Advirs Rathbones George House 50 George Square Glasgow G2 IEH
The Grocers Company of Paisley Report of the Directors (eont'd) For the yur eAded 30 September 2025 Dtrertorg. Respowftgibilit6e$ Scottish Charity law requires the directors as tn¢¢8 to preparc finala1 statemeniifv for eaeh financial year that show a true and fair view of the slate of affairs of the chan'ty and its financial xtivities for that ycar. In preparin8 those financial Stakments the directors are ryuld to: Select suitabk xcountin8 11¢1¢5 and then apply them consistently• Ob%erve the method and pri1p1¢S in FRS 102 Charilith. SORP: Mdkc Judgen' and estimate8 that are rea30nthle and pNdenL Staic whcihcr appliL7ble coUntIng standards and statemcnts of ¢0MMC1Kkd PTaCtice have b¢cn followed 8ubjcct to any dcprtures discloyed and ¢xplained in thc financial statements, and Prcparc thc finala1 ststements on the 8oing concern basi5 unlc%s it is deem inapw)priate to presume that Ihe clwity will continue in busine88. The directors arc rcsponsible foi k¢¢ping pmper accountin8 rrford4 thot digclosc with rusoiuble acciirncy at any time tbc financial position of the clwi'ty and io enable tlm to cn8ure that the finanL ial slatements Lumply with the Clwiti¢s and I rurtee Invvathicnt (SCrtlal) ALI 2(X)5 And rhe Charitieb Accounts (Scotland) Re8u11()ns 26 (&$ amended). They arc al&0 responsiblc for safeguarding the assets of the charity and hence for takin8 reasonable steps for the prcventi(m and d¢*ction of fra aod other irregularities. Independe•t F.YAmlDer Paul Crai¥ h&%. aCed to offer himself as Idependent Examiner of the charity Approved by Ihe Directon and 16Rned on their behalf by Roddy Moffison . Preses 15 May 2026
The Grocers Company of Pxisley Ststemelll of Financial Activitie• For the year e•d¢d 30 September 2025 ote 2025 2024 come and eDdowmellti from Investments 14.423 15.457 Totsi ineome 14.423 13.4J7 Expenditure on eiA¥I i)f MllnxfvThb Invcstment n)ai]a¥LThcni fees Expenditure on clwitsblc activitie8 4.652 7,160 7,321 Tfital expendit8ur• 12.311 11.812 Net income before gains l a$) on investmentj 2.112 3,645 Net 8aiAs I (losgu) OA Investments assets 54.279 46.794 et movwnenl in fund• 56.391 50.439 Rcconciliaii(m uJfv• Total funds bnN8bi forward 548.760 498.321 Total fundi Carried fornard 60.S.151 548.7()0 The notes on pa8e6 7 to 9 forni part of the fMwKAal slatements
The Groetrj Company of Paisky Balance Sheet At 30 teMber 2025 Note 2024 Fixed Issets Investments 591,128 527,098 Current Agjets Cagh at Bank 16,963 24,452 Amounts due IA less tham one year AccnLqIs (2.940) (2.790) Net Current Amets 14.023 21,662 Net AHetJ 605,151 548.760 Representrd by Unrcstri¢i¥d fr und Account 605,151 54¥,760 Approved by the Dirc¢l0 13 May 2026 and signed on their behalf by R Morrison - Prrses eauie - Director Thc rM)tes on pa8¢s 7 to 9 forni of these financAal statements
The Grocerg Company of Paijky Notu to the FioaneiAI StAtents For the year eed 30 September 2025 Accouoting policieg l. l Basil of preparitioA The financial ststements have been Frepred under the historical cost conventlon with the exception of quoted investments which are includd at market value. The fina.111 statements hav¢ bcen mred in cordanCe with the Financial R¢portin8 Standard applicable in th¢ UK and Rq)ublie of Ireland (FRS 10?) (effective 01 January 2019). the 5tstement ol" Recommcnded Practi¢¢: "AccountiD8 and RLlX)rting by Chatitie% preparing their accounts in accordaKe with and the Financial Rwrting Standard applicable in the United Kingdffli and Republic of Ireland (FRS 102)" the Charities and Trstee Invc3tmcnt (Scodand) Affl 21K)5 and the Chan'tie5 Accounts (SL(iiland) Rcgulations 2(M)6 (as am¢nd¢d) The charity constitutes a publil Cntity as deflld by FRS IO2. The ditcL%urli reL(y)ise that Ihe current global insthbility affccting knck mkets le1her WAth th¢ Lontinuing impath of the Comnavirus PdeMiC is Continuin8 to have a si8nifiLant impact on t value of the charity's inv¢thent portfoho and may also impact the investm¢ni income receiwdble. At this moment in time it is TK)I px)ssible to accurately prcdict what the fiMI im1 of thc afr•remention¢d iY•XU&4 will have on the charity's riiuiiLidl li111n will bc. The directors Considw that lJo3ed on thc currcnl Valuati( or investment [rtfOliO and thc charity's Lwrreni liquid Positio sct against th¢ chanty. financial commitments ovcr th&" next eighte¢n rnon the finaJKial ststements ean be prepared on a guing C<ern bagis. Income All income is r()r c)n a receivables bAAi8. Resourctt expendtd Resources expendcd ar¢ accountd for on an accruals basis aDd are recOlS¢d where there is a legal or constrnctive obligation to py for exEKnditure. Expenditure is i191ve of any VAT whiLh Lannot be revered. Charithble exr*nditure relat¢s th¢ cost of making payments to alimenlar¥. Governance costs are costs contributsble to statutory Compliae. IDveJtments And Investmeyét incornc Ini'estments are staled at market valuc at the balance sheet &te. Thc investmenL4 held are allocatd to Narrower and Wider Ran8e investments in lin¢ with the lern15 of thc original trust ded. Investment income represents divi(knds recelved from listed investments and intere r¢c¢ivable in the year net of taL
The Grocen Company of Paisky Notej to the Financial Ststemeats (coot'd) For the year eed 30 September 2025 Realised and unrealised galnj lad lojsej Realised 8aiDS / losses are calculatcd as the dIfferee IKtween the investmcnts canyin8 value and its disposal Unreali5ed gains / losses art calculated as the difference between th¢ market Val of the investments at the year-end compar¢d with the start of the year. 'rhe stst¢m¢nl of financial aciivitics discloses Ihe c(bIned net gains and losses arisio8 on dispx)sals and revaluations dunn8 th¢ year. Fund attountin% Unrestricted funth" arr funds which can b¢ u6d in e0rdance with the charitsble thjeLts 8t the discrclion of the diffctors. 2025 2024 Investment Ineome Dividend incom¢ Inter¢8t rCIVable 14,309 114 15.222 235 14.423 15,4.57 C.hAritAble Actlvitiej PAymenls to olimentars Administration costs Governall 4.4 1.974 7¥6 1.571 850 7,321 7,160 No director re1Ved r¢muatiOll or expen%s from the charity12024 - Non¢). GoverH•nce Costs Indepcnd¢Dt cxamincr's fee 850 Net Rain (lo¢5) OA inveAtments Rcalised gains J (losses) on listed invesknents Unrealis¢d yins 1 (IosK5) on investnxnts" 531 53,748 (858) 47,652 54,279 46,794
The Grocers Company of P#iJlcy Notes to tbe FiDanciAI Statements (eont'd) For the year eed 30 September 20L4 Investments 2024 Mirket value at eod of year Narrower range invcstments Wider Ran8e Listed Inveslments 67.074 524.054 52,307 474,791 591,128 527.098 C.0 NarrL)w¢r Ronge Iovthcnts All Wider Rdn8e 68.472 333.309 52,641 324.1110 401.781 376,¥21 The movement in the market Val of listed invc5tm¢nts is as foll()W?4 2025 2U24 Market Valu¢ at Start of year Purchases DI5wl.$ at markct value Nci invernent 8ains 1{1(1) 527.ugx 104,184 (93.2) 470,0(KI 46.073 (36.633) 47 B•ilance at end of ytrdr 591,128 527,098 Fund Accounl lJn$tr•¢ted Fund Balance bruughi forward Net movement in Fund 54R.760 56,391 498J21 50,439 Balance carried forward 605,151 348.760 Related Parties There have no related party transadiolls dun'ng the year.
lidependent Eiaminer's Report to tbe Directm of the Grncers Company of Paisley For the year ended 30 Seplember 2025 10 I report on the accounts of the Charity for the year ended 30 Sq)mber 2025 which are set out on pages 5 to 9. Re4)eetive responiibilities of tr•steeg and euminer The charity tne5 are resnSIble for the preparation of the accouots in xcordance with the rerms of the Cbarities and Trustee Investmcnt (Scotland) Act 2005 and the Charities Accounts (Scotland) Rc8ulatiolls 21XK> {a% amerkled). The charity trUStcc¥ consider that the audit requirement of Regulation l(M ] ) (a) lo {c) of ALrounts Re8ulations do¢s no¢ apply. It is my rcNp(msibility to examinc thc accounts as rwuired urnler kn.li(m 44(1) (c) of the Act and to sts¢e wh¥th¢r particular mair5 have coiiie my attention. Basis of Indedent eilmlner'i thtemeAt My examination is caffi¢d out in accordance with Rc8ulation 11 of Charities ACunt$ (Scotland) Regulation5 2W() amen&d). An examination includcs a rcvicw of the accuunlin records kcpt by the Lharity and a COMP1)n vf ihe accounT$ presented with tlK)se records. It also inLludes consideraiion of any unuwal items or d110ureS Tn accuunt& and fieeks explanotiong trom thc tru¢ conc¢rnIn such maners. The procedures undertaken do n(x provide all the evidence that would be required in an audiL ath4 cooxqucntly l (k) Thx express an audlt opinion on the view givco by the accibuntg. Independent examiner'j slatemeAt In th¢ ¢ours¢ of my exAminatioN no mattff Iw come to my attention:. l . Which gives me rcat(mable cau¢£ to belicve thac in any malerial respect the rcquirements: To kc¢p &countin8 record5 in accordance with Section 44{1) (a) of the 25 Act and Re8ulation 4 of the 26 AOUnts Regulations (as amcnLkd), and To prepare xcounts which accord with the accouniing rccords and comply with Regulation 8 of th¢ 2(X)6 ALxuunts' Regulations (as amended) have not been mel or ICIL i erstand my opinion. attention should Ix drawn An ordcr to cnable a propci ot.the accounts to be rcxbcd. Paul rdig FC Azcts Audit Serv. Titanium I Kin8's Inch Pl Rcnfrew Glas8OW PA4 8WF Date: 15 May 2026