REGISTERED CHARITY NUMBER: SC001850 rtofih T 4¢¢ Fin nt orth YarEn Nation l Bums Memorial 11 WR Accounianis Bank Chambers 31 Th¢ Squarc Cumnock AwT5hire KA18 IA'r
Th¢ National Bums Memorial Homes Contents ofihe Financial Siaiemen for ihe Ycar F.ndcd 31 Dec¢mb¢r ?0?4 Pa8¢ Repon ofih¢ Truslees Ind¢pendent Examinerfs Rcw)n Staiemeni of Financial Aciiviiies Balance Shtti Nolcs lo ihe Fin4nci81 Siaiemen15 D¢¢ailcd Statement of Financial Aciiviiies
The Naiional Bums Memorial Homes Re ort of the Trusiees for the Year Ended 31 December 2024 The members of the Committee present their report and accounts for the >'ear ended 31 December 2024. The receip15 and paymen15 accoun15 have been prepared in accordance wilh ihe Society s Rules and Consiiiucion and comply with the Chwiti¢s and Inv¢stm¢nt (Scotlandl Ad 21M15 and ihe Charilies Accounts (Scotland) Regulalions 20a6. OWECTIVES AND ACTIVITIES Objectives 8nd aim5 The charity's objects are io provide a¢comm(wJaiion and communal facilities for deserving elderly pers appropriale to their Tnean% at the National Burns Memorial Ilomes in Mauchline as a living memorial to o Robert Burns. ns upon iernis national poet, The F>olici¢s adopted in furtheran¢¢ to ih¢5e objects have nol changed during ihe year. The Charity's accommodation and facilities have been used exlensi%'ely during the Jear and ihere currenily is • waiting lisi gf individuals to occup). the properti¢s. In insLinc¢s of vacancies ari5in& th¢ CharitN' advcrtis¢s in ihc prcss thd contscts ihc Housing Auihoriry in order io m&Kimise oceupanc!. levels.Currenily ihere are ? vacant coiiages awailing conv¢rsioll. ACHIEVEMENTS AND PERFORMANCE Charitable activitlC5 Th¢ policy of thc commi¢¢ has n io appl¥ ihe nei atrailable income from invesiments and heriiable propenies 10 assis( in providing accommodation and gifts io cottagers. During the )'ear 22 conag¢rs w'¢re assisi¢d. l-h¢ Comt•ittec hopcs io conlinue to provide a substantial lev¢1 of support in th¢ coming vear. InvtstrneNt performance The Cotnmittee's Inveslmenl managers consi(kr th¢ divid¢nd yi¢ld on investments of 4.050/0 in Ihe year io bo 11$factOry in light of the curreni financial ¢1UMstanCeS in g¢nerdl. FINATrqCIAL REVIEW Finan¢io1 position The societ derives income from cottages in Mauchline which are insured for £4.4 million. Major ¢xp¢nditure on ihe upkeep and labric ofthe cottages includes felling and re-51atin8 various cottages. Reser¥es li is Ihe policy of ihe Charity that unrestrict¢d fimds which hav¢ noi been designaied for a specific use should'be maintained ai a level equivalent lo foreseeable exp¢ndirure for six months in advance. The Trusiees consider ihat re5ervt5 at this level will ensure that, in the ¢v¢nL of a signifi¢ani drop in fundinB. the). will be able to conlinue the Charity's Crent aciiviiies while consideration is given io wa}'s in which additional funds may be Ai5ed. or econornie5 mad¢. This l¢vel r*f rcserves has been maintained ihroughoui the year. The Society gratefully acknowledges ihe generous donations and gifts received throughout the financial y¢a¢ from various Burns Clubs across the coun, from several charitable Trusts and organisations and also from Individuals. The inves¢menl policy which 15 r¢vi¢w¢d by the Commillee from lime to lime is aimed ai Maintaining the Oi value of ihc funds of the Society over a period of years and thereby providing a re&%onabl¢ l¢v¢l of income. 'rh¢ Committee have assessed ihe Tnajor risks to which ihe charity is exposed. and are sat15fied that the 5ySt¢rns are in place 10 miiigaie exposure lo the Major risks. Page I
'I'he National Bums Memorial Ilomes rt ofihe TNsiees for ihc Ycar Fnded 31 [kCeM 7024 TRucfuRE.C.OVERNANCF. AND I¥IANAGF.MF.YT Governing documen¢ Th¢ So¢1¢. was established in 1888 and is goyerned by ils Rules & Con51ilu(ion. The memb¢rs ufihl Commiiiee h(l servLd durini thL iedr i%ere". Reeruitmtni And appoiniment of nf w ¢rusle¢s New mcmbe15 are appoinied bv ihc Commill¢e as and wh¢n quIT¢d. The nEW membets require io be in Commiri¢¢ and suilability is assC5sed bLd on an). connection io or knowledge of ihe Ial ar¢4 as H'ell as an inicrcsi in lh¢ Charity's objectives. The Charity aims to alwa)s have a Soliciror. Invcsuncni Manager and the Committee lo cnable all Ic8al and rcgula¢(Frv aspec io bc dcalt wiih. ited on io ihe aving to show ccounianr on The training of new members is a mauer dealt with by ¢xisting Commiltce rnembEf5. They are responsible fvr pmviding a backgniund to Ihe Charli> and an explanation of M'hai Ihe requirements of ihcir role will ¢nlJil Wh¢n neSsary, a55151ance 15 provided ¢0 new m¢Mr5 in iheir rol¢& io fvlly ¢omplete the training process. The Honorary Pre5ideni is The Lord Dean of Guild of the Merchants House of Glasgow.. The Charity is controlled b!. the Committee Members of the General Comminee and the IA)cal Commillee. 'rhe General Lommittee manages the Charity as a whole and deals wih the income and expendiiure and accouniing issues ai this level. 'J'h¢ l.ocal Lommitte¢ deals with the "fabric" of the propem.. "lthat entails repair5 and upkeep. tenart(5' movements and general day to day requirements. 'llw probide deLiils and recommendaiions io the General Committee. In accordance wilh ihe Socid> s consiiwtion. honoraria are paid ro ihe three Tee5 who occupy the treasurer. secrewv and local ¢onv¢ner positions. Not¢ 2 shows th¢ amounts paid in th¢ >¢ar. 'I'he Horn¢s insurance includes a tn4tee indemnil!. policN' for iis-l'rustees. l.ord Straihclyde eoniinues to bc our Patron. REFERENCE AliD ADIMINISTRATIVE DETAIIS Registered Charity nurnber SC001850 Prin¢ip¥l gddr¢ss 38 Si Iv¢s Road Moodiesbum Glasgo G9 OPE Page 2
Thv Naiiunal Burns Memorial Homes Repo.n ofihe Tnjstees for the Year Ended 31 December ?074 Tru%lcc.s Inde eiiderit F. iamirier Ilank Chambers 31 Thl $4iiare Cumnock A)'rshire KA18 IA'I. Approved by order of ihe bLwd of trustee5 on 14 April 2025 and signed on 115 behalf by." Page 3
Inde ndenl EidrtLineVs Re io Ihc Ttee5 or Thc National Burns M¢morial Homes I r¢port on th¢ accounts for the )'¢ar ¢nd¢d 31 Ik¢¢mtrtr 20?4 set oiit on pages five io eight. Respective responsibilities of truslee5 and examiner ThL charli} s iwsiccs arc responsible for ihc prcparaiion of ihe accoun in accordance M'irh ihc ierms of iht Ch8riiics and TrusteL Investrneni (Scoilandl Act 2005 and Ihc Charilics Accounis Iscoilandl Regulaiions 2006 las amended). The charii)"s truste¢s consider that ihc audii requiremeni of Regulation l 01 l Ka) lo (cl of th¢ Accoun15 R¢gulalions do¢$ nol appl},. It 15 my responsibiliiy io examine ¢he accounts as required under Section 44( l Mcl ofthe Aci and 10 siaie whether paniiular ma(iers have come io mv attention. Biis of ibe iodependent txminer's report M J e.¥amination was carried OUL In accordance with RegulatÉon I l of the Charilics Accounts (Scoilandl Relula¢ions 2006. An examination include5 a revie of ihe accouniing records kept bs ihe charity and a comparison of the acctyun15 preseniLd with ih05e records. li also includc5 considcrdlion of ans. unusual item5 or disclosures in the accounis. and sc¢king explanaiions from jou a5 iTusices concerning an!. such mallers. Th¢ pr4xcdurcs undcnaken do noi provide all the evidence that OUld be required in an audit. and consequtnil>" I do express an audii opinion on the view giY¢n by th¢ accounts. Indep¢nd¢nt examiner's slalemetst In LvnneLtiun with exarninaiion. no Tnatter corne to m) attenlion '. (l) whbch gives mc re85onablc cause to belicve ihal in an). malcrial rcsFYcl. the requircTnenls 10 keep accouniing records in accordance with Section 44IIMal of the 2005 Act and Regulation bl of the 2006 Accounts Regulaiions: and to Prepa accounTS which accord wilh the a¢couniing rttords and io compl>. with Regulation 8 of ihe1006 Accoun Regularions have noi been mei," or 121 10 w.hich. in my opinion. attcnlion Should bc drawn in order lo enable a proper und¢rstanding of th¢ Icachcd. ounts lo be WK ALcountants Bank Chamb¢rs 31 Thc %quare Cutnnvck Avrshire KA18 IAT 14 April 2025 Pag¢ 4
The National Burns Memorial Homes Siaiemeni of Financial Aciiviiies for the Year Ended 31 December ?024 31.12.24 Unresrricied fund 31.1?.23 -foial Noies INC()MV. AND ENDOWMENTS FROM Diinalions and legaciL's 4,948 7,964 Chariloble a¢tivilie5 1.4Lnd, building15 and investmen15 62,292 66.521 Tol81 67.240 74,485 F.XPF.NDITURE ON ChArit#blt #ciivities Land, buildings and inv¢5tments 65.212 78,614 NF.T INC()MF.IIF.XPF.NI)ITURF.) 2,028 14,1291 R Tr.C()NCILIATI()N ()F FUNI)S 'I'()Idl liinds bri)UbThi forward 32.140 36,769 T()TAL FVNDS CARKITr.I) FC)RWAKD 34,168 The note5 form pari of the5¢ financial siatemenis Page 5
The National Burns Memorial Homes 13olanc¢ Sh¢ct I l)ecembcr 2024 31.12.24 Total rund5 'ruial ruNd5 Noies CIIRRF.NT A$F.T ("¢1sh ill h£ink and In hand 34.168 32.140 NF.T CIIRRF.NT A.55F.T.S 34.168 32.140 'r()'rAL A%5EI'S L Tr.44i C URItENI' .IAIII I.ITITr- NF.T ASSFTS 34,161t Fl.'f l).$ IItlTCSITicied funds 34,168 32.140 TC)TAL FI.'NDTr 34,1011 32.140 'riii fiii¢iii¥idl s14tcm¢nls w¥rL' 41pprovLd by IhL Doard ofTruslL'L's Mnd auihuri¥¢d for issuL on 14 April 2025 a un ili hLhitll' bv.. IJ WLrL sinLd -he noies forn part of ihese financial siaiemcnls Page 6
"The Naiional Burns Memorial Homes Noics io the Pinancial Sthiemcnis for ihe Year Ended 31 Dcccmber ?0?4 ACCOUNTING POLICIES Bsi5 of preparing the finantial slatements The members ofthe Committee present their report and accounts for the >"ear ended J l December 209Jl. The receipts and pa)Thenis accounts have trten prepared in accordance with the socie,$ Rules and (bnsiiwiion and romplv with the Charities and Inbc51menl (Scoilandl Aci ?005 and the Charities Accounts IScoilatsl} Regulations GovernAnce costs 20?4 2023 Indcpendeni examiner Ilon(?rdfid Invc51m¢nr managcm¢nt cosis 960 12.6(Kl 9(Tr0 14 I'RL,S&TEES' XEMUNTr"RA TIUW AND BENF.TrIT In accoTdancc wilh Ihc Sociciy's consiiluiion * ini81 nf £12.fj00 (2023 £12.31X)I paid io ihc l-nJgie•% Trtrmsiirir L4.?IIQ {?021 £4. IIK)1. Sccreiar £4.200 (20?3 £4.1001 and l.ocal Converiii 12U ) J I4.11)o). Trusttes, expenj Posiage and stalionery of £35512023 £229) was a150 paid lil RF.I.A TF.I) PARTY DllCI.()*•URF. Is an l.-Neculive Direcior of Quilicr Chcviol , Siockbrokcrs. During lh¢ plriod ilc chiiiily wid Iii¥i.)Illliiil l&uliu Mangg¢in¢ni Fecs of£841 1?073 £8?51 and dcalinbT commissions of£47? ?0?3 3461 ()THF.K A%SF.TS ANI) I.IAIIII.ITIF. 'rhis notc Should r¢ad wilh r¢fcrence io the siaiemeni of balances on the balance she¢i but does n•t fom part of Ihc statutory fInrial $teMen 2024 2023 l.and and Buildings- ai cosi r.quipmcni and imprvvemcnl - ai d¢pr¢ciat¢d cosi Inve51m¢nts- A¢ markcl value I Ilisioric cosi £538.283 (2023 £5?5.94411 Accru¢(l income Accruals and deferred incor 4?.O70 27.()72 706.fi69 42.070 697,784 2.?.59 Total OTher Asseis and l.iabiliiies 764 ¥78 Assets Generdl Funds- SleMen1 of balan¢e$ Oiher Assets and Liabililics 36.452 32.140 764 878 Page 7 continued...
National Burns Memorial Hornes Note5 to the Financial Statements- continued for ih Y ar Ended 31 December ?024 OTHER ASSETS AND LIABILITIES- continued Total Assets 809 022 797018 Pag¢ 8
The Naiional Burns Memorial Ilomes Derailed Sialement of Financial Aeiiviiies for the Year F.ndcd 31 tkcember ?074 31.12.24 31.12.?3 IP4COMF. AND ENDOWMENTS Don#tions and legAcies Dondiions 4,948 7.964 Charitable activities Rcnis frotn land and buildings Income from other inve5trnenls Proceeds from invcsunents Purchase of investments 34,388 33,685 17.778 {23,559} 37,253 14,958 (13.9421 62.29? 66.$21 Tolfil incoming resources 67,240 74,485 EXPENDITURE Ch8ritable 8Ctivities Raies and waicr Insurance Light and heal Telephone Poslage and slationetv Gardening gundries Rcpairs and renewals Bank ¢har8es 2.384 9,464 7.276 10,042 7,264 120 490 3.800 1,012 41,226 629 4,338 1,276 22.046 103 47.516 64,183 Support costs Governance costs Investmeni Management Costs Ilonoraria Professional and legal fees 1.314 12.600 3.78? 12,300 960 17.696 14,431 Total resources expend¢d 65.212 78.614 Net incomel{expendilure) 2.028 14.1291 This page doe5 not form part of the statulory financial statements Page 9