REGISTERED CHARITY NUMBER: SC001850
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2025
for
The National Burns Memorial Homes
WR Accountants Bank Chambers
31 The Square Cumnock Ayrshire KA18 1AT
The National Burns Memorial Homes
Contents of the Financial Statements for the Year Ended 31 December 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | ||
| Detailed Statement of Financial Activities | 8 |
The National Burns Memorial Homes
for the Year Ended 31 December 2025
Report of the Trustees
The members of the Committee present their report and accounts for the year ended 31 December 2024.
The receipts and payments accounts have been prepared in accordance with the Society's Rules and Constitution and comply with the Charities and Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects are to provide accommodation and communal facilities for deserving elderly persons upon terms appropriate to their means at the National Burns Memorial Homes in Mauchline as a living memorial to our national poet, Robert Burns.
The policies adopted in furtherance to these objects have not changed during the year.
The Charity's accommodation and facilities have been used extensively during the year and there currently is a waiting list of individuals to occupy the properties. In instances of vacancies arising, the Charity advertises in the press and contacts the Housing Authority in order to maximise occupancy levels.Currently there are 2 vacant cottages awaiting conversion.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The policy of the Committee has been to apply the net available income from investments and heritable properties to assist in providing accommodation and gifts to cottagers. During the year 22 cottagers were assisted. The Committee hopes to continue to provide a substantial level of support in the coming year.
Investment performance
The Committee's Investment managers consider the dividend yield on investments of 4.05% in the year to be satisfactory.
FINANCIAL REVIEW
Financial position
The Society derives income from cottages in Mauchline which are insured for £4.4 million.
Major expenditure on the upkeep and fabric of the cottages includes £3000 on felting and re-slating various cottages, £3300 on installation, and £41,132 converting three cottages into two.
Reserves
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to foreseeable expenditure for six months in advance. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised, or economies made. This level of reserves has been maintained throughout the year.
The Society gratefully acknowledges the generous donations and gifts received throughout the financial year, from various Burns Clubs across the country, masonic loges from several charitable Trusts and organisations and also from Individuals.
The investment policy which is reviewed by the Committee from time to time is aimed at maintaining the real value of the funds of the Society over a period of years and thereby providing a reasonable level of income.
The Committee have assessed the major risks to which the charity is exposed, and are satisfied that the systems are in place to mitigate exposure to the major risks.
Page 1
The National Burns Memorial Homes
for the Year Ended 31 December 2025
Report of the Trustees
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Society was established in 1888 and is governed by its Rules & Constitution.
The members of the Committee who served during the year were:
Ms Fiona Alison Mrs L Vint Appointed 13 June 2024 A J Campbell LLB Mrs Jean Martin J Shirkie G M Ross CA (Secretary) Mrs Jan Walker R K Baillie (Local Convener) G Barrie (Treasurer) A Bell Dr W Campbell J Wright R Sommerville W Dick
Recruitment and appointment of new trustees
New members are appointed by the Committee as and when required. The new members require to be invited on to the Committee and suitability is assessed based on any connection to or knowledge of the local area, as well as having to show an interest in the Charity's objectives. The Charity aims to always have a Solicitor, Investment Manager and Accountant on the Committee to enable all legal and regulatory aspects to be dealt with.
The training of new members is a matter dealt with by existing Committee members. They are responsible for providing a background to the Charity and an explanation of what the requirements of their role will entail. When necessary, assistance is provided to new members in their roles, to fully complete the training process.
The Honorary President is The Lord Dean of Guild of the Merchants House of Glasgow.
The Charity is controlled by the Committee Members of the General Committee and the Local Committee.
The General Committee manages the Charity as a whole and deals with the income and expenditure and accounting issues at this level. The Local Committee deals with the "fabric" of the property. That entails repairs and upkeep, tenants' movements and general day to day requirements. They provide details and recommendations to the General Committee.
In accordance with the Society's constitution, honoraria are paid to the three trustees who occupy the treasurer, secretary and local convener positions. Note 2 shows the amounts paid in the year. The Homes insurance includes a trustee indemnity policy for its Trustees.
Lord Strathclyde continues to be our Patron.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
SC001850
Principal address
38 St Ives Road Moodiesburn Glasgow G9 0PE
Page 2
The National Burns Memorial Homes
Report of the Trustees
for the Year Ended 31 December 2025
Trustees
Mrs J Martin President Ms F Alison A J Campbell LLB Vice President J Shirkie G M Ross CA Secretary Mrs J Walker R K Baillie Local Convener G Barrie Treasurer A Bell Dr W Campbell J Wright R Somerville W Dick Mrs L Vint
Independent Examiner
William Russell Cowan WR Accountants Bank Chambers 31 The Square Cumnock Ayrshire KA18 1AT
Approved by order of the board of trustees on 2 April 2026 and signed on its behalf by:
Mrs J Martin - Trustee
Page 3
Independent Examiner's Report to the Trustees of The National Burns Memorial Homes
I report on the accounts for the year ended 31 December 2025 set out on pages five to seven.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would 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 connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
William Russell Cowan The Institute of Chartered Accountants of Scotland
WR Accountants Bank Chambers 31 The Square Cumnock Ayrshire KA18 1AT
2 April 2026
Page 4
The National Burns Memorial Homes
Statement of Financial Activities for the Year Ended 31 December 2025
| 31.12.25 | 31.12.24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 10,107 | 4,948 | |
| Charitable activities | |||
| Land, buildings and investments | 76,082 | 62,292 | |
| Total | 86,189 | 67,240 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Land, buildings and investments | 98,005 | 65,212 | |
| NET INCOME/(EXPENDITURE) | (11,816) | 2,028 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 34,168 | 32,140 | |
| TOTAL FUNDS CARRIED FORWARD | 22,352 | 34,168 |
The notes form part of these financial statements
Page 5
The National Burns Memorial Homes
Balance Sheet
31 December 2025
| 31.12.25 | 31.12.24 | ||
|---|---|---|---|
| Total | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank and in hand | 22,352 | 34,168 | |
| NET CURRENT ASSETS | 22,352 | 34,168 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 22,352 | 34,168 | |
| NET ASSETS | 22,352 | 34,168 | |
| FUNDS | |||
| Unrestricted funds | 22,352 | 34,168 | |
| TOTAL FUNDS | 22,352 | 34,168 |
The financial statements were approved by the Board of Trustees and authorised for issue on 2 April 2026 and were signed on its behalf by:
J Martin - Trustee
G M Ross CA - Trustee
The notes form part of these financial statements
Page 6
The National Burns Memorial Homes
Notes to the Financial Statements for the Year Ended 31 December 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The members of the Committee present their report and accounts for the year ended 31 December 2024.
The receipts and payments accounts have been prepared in accordance with the Society's Rules and Constitution and comply with the Charities and Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
Governance costs
| Governance costs | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Independent examiner | 1,020 | 960 |
| Honoraria | 12,600 | 12,600 |
| Investment management costs | 1,619 | 1,313 |
| 15,239 | 14,873 | |
2. TRUSTEES' REMUNERATION AND BENEFITS
In accordance with the Society's constitution a total of £12,600 (2024 £12,600) was paid to the Trustees. Treasurer G Barrie £4,200 (2024 £4,200), Secretary G M Ross CA £4,200 (2024 £4,200) and Local Convener R K Baillie £4,200 (2024 £4,200).
Trustees' expenses
Postage and stationery of £202 (2024 £355) was also paid to GM Ross CA.
3. RELATED PARTY DISCLOSURES
Mr Jonathon Wright is an Executive Director of Quilter Cheviot , Stockbrokers. During the period the charity paid Investment Portfolio Management Fees of £1001 (2024 £841) and dealing commissions of £618 (2024 £472)
4. OTHER ASSETS AND LIABILITIES
This note should be read with reference to the statement of balances on the balance sheet but does not form part of the statutory financial statements
| of the statutory financial statements | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Land and Buildings - at cost | 42,070 | 42,070 | ||
| Equipment and improvement - at depreciated cost | 21,479 | 22,672 | ||
| Investments - At market value ( Historic cost £539,550 (2024 - £538,283)) | 770,913 | 706,669 | ||
| Accrued income | 2,259 | 2,259 | ||
| Accruals and deferred income | (1,100 ) |
(1,100 ) |
||
| Total Other Assets and Liabilities | 835,621 | 772,570 | ||
| Assets | ||||
| General Funds - Statement of balances | 22,352 | 34,168 | ||
| Other Assets and Liabilities | 835,621 | 764,878 | ||
| Total Assets | 857,973 | 799,046 |
Page 7
The National Burns Memorial Homes
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2025 | ||
| 31.12.25 | 31.12.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 10,107 | 4,948 |
| Charitable activities | ||
| Rents from land and buildings | 35,450 | 34,388 |
| Income from other investments | 24,811 | 33,685 |
| Proceeds from investments | 75,157 | 17,778 |
| Purchase of investments | (59,336) | (23,559) |
| 76,082 | 62,292 | |
| Total incoming resources | 86,189 | 67,240 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rates and water | 2,471 | 2,384 |
| Insurance | 9,661 | 9,464 |
| Light and heat | 5,442 | 7,276 |
| Postage and stationery | 481 | 629 |
| Gardening | 4,020 | 4,338 |
| Sundries | 1,879 | 1,276 |
| Repairs and renewals | 17,558 | 22,046 |
| Bank charges | 122 | 103 |
| Conversion costs | 41,132 | - |
| 82,766 | 47,516 | |
| Support costs | ||
| Governance costs | ||
| Investment Management Costs | 1,619 | 1,314 |
| Honoraria | 12,600 | 12,600 |
| Professional and legal fees | 1,020 | 3,782 |
| 15,239 | 17,696 | |
| Total resources expended | 98,005 | 65,212 |
| Net (expenditure)/income | (11,816) | 2,028 |
This page does not form part of the statutory financial statements
Page 8