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 ¢1￿UMstanCeS 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 C￿rent 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 bL￿d on an). connection io or knowledge of ihe I￿al 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 n￿eSsary, a55151ance 15
provided ¢0 new m¢M￿r5 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 T￿￿tee5 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.
Bi*is of ibe iodependent tx*miner'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￿$F.T
("¢1sh ill h£ink and In hand
34.168
32.140
NF.T CIIRRF.NT A.55F.T.S
34.168
32.140
'r()'rAL A%5EI'S L Tr.4*4i C URItENI'
.IAIII I.ITITr-
NF.T ASSFTS
34,161t
Fl.'f* l).$
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 si￿nLd
-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
B*si5 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 Dll*CI.()*•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 fIn￿rial $￿teMen
2024
2023
l.and and Buildings- ai cosi
r.quipmcni and imprvvemcnl - ai d¢pr¢ciat¢d cosi
Inve51m¢nts- A¢ markcl value I Ilisioric cosi £538.283 (2023 £5?5.94411
Accru¢(l income
Accruals and deferred incor
4?.O70
27.()72
706.fi69
42.070
697,784
2.?.59
Total OTher Asseis and l.iabiliiies
764 ¥78
Assets
Generdl Funds- S￿leMen1 of balan¢e$
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