THE DUNBEATH PRESERVATION TRUST
REPORT AND ACCOUNTS
for the year e￿ded 31 ,Mar¢h 2025
Reid & Fraser
CharterLd Accounlants
15 Princes Strccl
Th4Lrso
Caiihness
KW14 7BQ

THE DUNBEATH PRESERVATION TRUST
LEGAL AND ADMINISTRATIVE IP4FORMATiof*
F4)r the year ended 31 MAr¢h 2025
TEiLS"I'EES
Resigned 03.12.24
ADK'ISORS
OFFICIALS
ChaiTreTson
Vice Chairperson
S¢ctetary
Ho￿.T￿s￿eT
IANAGERJCURATOR:
PRINCIPAL OFFICE:
Old School
DunFEath
Caitkn)ess
KW6 6ED
STOCKBROKERS
Bar¢lay$ InvcsimLnt Solutions Ltd
120 Bothwell Street
Glasgow
G2 7JT
BANKERS
Virgin Money PLC
SOLICITORS
Younu Robertson & Co
Solicitors and Est&(e A2enlS
29 Traill Strcel
Tlivrso
KW148EQ
Cliari¢red ALLountants
15 Prin¢es Stre¢t
KIV147BQ
CHARITY INUMBER
SCOOJ175
Page I

THE DUNBEATH PRF.SERVATION TRUST
TRUSTEES, REPORT
for the }ear ended 31 ￿larch 2025
Th¢ Tru3t¢¢5 pr¢3cnt thcir rtport *nd thc financial statements for the ¢harity for the peri￿ ¢Adcd 31 March 2025.
STRUCTURE. GOVERNANCE AND MAISAGEMELNT
Governing Document
The Charity is a Seoirish C'haritsblc Incorporated L)roaiiisaiion ISC IOI. li was regis(ercd in irs cuffeni ILiial Iu-'.11 Llll jll
fj;tr£'li ?Dl 5. TIIL cI)<iritv was prcviousl). (i Trust, ¢T￿l¢d by a decd dated 15 May 1985 by thc sdtloz
aiid it wa5 modeniisèd on his instructions in 2001 further in 2011.
Appointment Df Trustees
Tlic Tnistees during Ihe year of review lo the date of this report are delaild on Company Infornution page l. Twslees
consist of "Local" and "Expen" trnstees.
One Iliird of ihe irusiees in each caielwory -'Local"' and -'Expen" mire am)ually ai ihe Annull Gciietal Mcctins but sl)all
be eligible for re4le¢tion.
Or%anisational Structure
The (harily is run by thc Trustees who meet on a regular b￿1$ and whose polici¢s and decisions are impl¢mented by a
Board of O￿l¢ials. The names of Ihe Trusiees and o￿l¢la15 who actal thring the year are lisied on page l.
I"he Trusiees and Officials are not remunerdted for sm'ices provided in their capaciry as Trusicclotricial.
Tl)e daily adminisiratton of th¢ ¢h4rity is handl¢d by an exptricnced mcrnber of Siaff_
OBJECTIVES AND A￿lI1[TREs
The objcciives of thc chl£ riiy ar¢ thc preserva110￿ enhattcemeni ind developmcnt for educational and other charitable
purp05e5 of the ga)ernl localiry of Dunbeaib, Caiihncss wilh particulaT referente io irs resources iii r¢spect of prehistoric
siies, ancient nioniim¢nts, historic buildings, swial liis10ry and general enviroiimeni including its fl￿. fauna and geolo￿.
Th¢ Boai Stlcd is open to ihe public daily duiing the sutXLmLY rnoiiihs.
Full Actreditalion siatus under ihe Accredilation Scheme (Mu￿￿n￿ Galleries Stot]and) and our 4-star rating tlirov¥h
VisitS¢otland is retained.
FUTURE PLANS
The Iciiral ofihc lun¥ 5ervTn¥ dnd ihe posilion ofoevelopinent whosc funding h¢15 now Loinc to an cnd,
rcquir¢s US to focu5 shaTply on our prioTiIÉL¥ for thc corning y¢Jrs. Th¢ plans to restore ihe Salmon Bothy proved to be
too probleThati¢al for varinus re2sons. not lea%t fundino but also rhe prdetiealities ofthe aCce￿ibility of the area for visitors
and also sourclli2 Staffing to service such a Ven￿re completton.
We very much want lo recThit volunteers to becorne involva in staffmg the Heritage cenire itself tt) enable Il lo iiicrease
115 opening hours. It has been challenging In (he pasi ro gei individuals io con]e forn'ard bui ihcre will bc a drive io byei
morc voluntc¢rs wilh local kiiowlcdgc ar*d hisiorical interests io offcr Ehcir limc. A5 thc FILYitoge Ccntrc ii) r¢c¢nt ycirs
has only managed to offer restricted opening. we feel that the involvement of more vcjlunteers and icam leaderlman&lger
WDLild noi onl). allow us io incT¢ase the houTS but would also encournge more lo¢ab (o use the museum and aiiei)d ell￿1$
on offer. This in turn would promote Ihe need for volunleers lo continue the work to siistain and expand the centre for the
fuiure.
li is clear that niost visi¢ors spend tinie at IIK har￿ur ar¢a whu¢ n)03t of our Lwildiiigs Jr¢. Tlicy mu3t be encouraged io
visit Ihe Ileriiage Centr¢ where they ¢3n f)nd out 50 niuch more. Central to this is a team of volunteers who are able lo
keep the Heritage Cenlre open for more hours aNd who will create a vibrani and ivelcoming alniosphere. It is our inteniion
to reach out ii)lo rlie communiry for volunieers. If fvnding allows. we would hope to offer a new posilion of managerlieam
leader for tlies¢ volunteers. In ord¢r to fulfil our obligations forac¢reditaiion w¢ Ii?ve to access cut31orial expertise- IÈ is
envisaued that thi% will be In d)e fonn of a part lime ad hoc posilion or on a consullative basis. Gii'en a new ieam we
would hopc Èu refresh & reYitslis¢ ihe d15piays dThl drtefdLls 111 Ili¢ HLiitsge Ceiilie 4111d Iliiou¥li iicw iiiftsi"tiJaLive paiiels
in the harboiir Trrca wc woidd form gr¥aicr links E¢tM"eety our hrlx*ur buildings and ihc H¢rit3ge Centre. Increased foot
fall coupled with 4 n￿re vibrant visiror experience will incre* revenu

THE DUNBEATH PRESERVATION TRUST
TRUSTEES. REPORT
for the year ended 31 March 2025 (¢ontinued)
Undoubiedly ihe Heritagc Centr¢ would benefit from a mor¢ flexible and etYici¢ni healing systein. Funding had been
applied for a nior¢ sustainable hcating system bul, given thc fabric and posilion of the building much more iiispcclion aiid
calculations on insulaiion requiremeiits and possibilities M'ould have to be carried out to ensure thai any Sysleiii
conteinplaied would be sllltable for the fviure. The Same funding sirean) is available in the coiniiig year and we iiiiend io
have these investigations Carried out prior lo making fijrther appli¢alions.
A ii)ajor focus is on the fabric of Il)e buildings ai the harbour where maiiitei)ance work is required. The lar8¢ fislicnt)en's
stOTC roo(i)¢¢ds aiteiitionlrepla¢¢m¢nl. li is hoped thai fuiiding may be sourced io allow us io uiidcrtake repairs on Il)is.
li is also our inlentioi) if funds allow. to develop ih¢ ice liouse into mor¢ of a visilor experien¢¢ Ptsbsibly allowiii&F access
to tlie bliilding. Tentative enquiries have alrcady bLYn made regarding tliis.
In tlie pasi year w¢ have re￿lad th¢ popvlar boat house with larcl) and il will again be open for visitors in the coming
SLitnincr season.
TRUST FUNDS
Tlie cliarily's LTencral fund5 consisl of funds which the charity may use for its Purposes at irs discretion. The charity lias
an Endowinent whicl) li musi endcavour to reiaii) inia¢i as part of ilie cliariry's ¢apital. Tl?e eiidowinent has b¢¢n iiivested
to provide income for its activities.
FINANCIAL REVIEW
The reslilrs for the year are reported in Ihe financial sialements. Tlic financial review ha5 shown tliat stringent measiir¢g
are reqLiir¢d to allow the charity to k¢cp tlie books balanced. As k rcsiilt. the Heritag¢ Muscuin is open to tlie piibli¢ for
thr¢e days per week. Loi¢ staff hours w'tll remain ai 21 hours per week and ihc Trust will seek to improv¢ volLinteer
input.
CHARITABLE STATUS
The charity is rcgisrered with HM Re&¢nue & Customs as a charity under the registtation number STO17114.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
ic Charities and Tnistcc Investnieiil (Scotland) Act 2005 and ille Chartties Accounts {Scoilandi Regulations 2006 las
ainend¢dl reqiiire tlie TNstees lo propLrly prepare accounls for cacli fii)ancial year which giipe a true and fail view of tl)e
finanLial aciivitics of the charity and lis financial position ar the end of that year.
In preparing those accounts, the Tnistccs arc rcqiiired io..
s¢leLI Sultablc accounting policies and apply tliem ¢onsist¢ntly.'
make jiidgemenis and estimales that are reasonabl¢ and prudent..
slate whetS)er the policies adopted are iii accordance with Chariiies Accounts (Scotlai)dl Regularions 2006 (as
airei)d¢dl and with applicabl¢ statements of recommended practice. subjecl to any maierial departures disclosed and
explained in the financial stalemenis:
prcpare the finaiicial statcments on a going concern basis unless it is inappropriate to assume i1￿1 Ilie charity wtll
continue in operation.
Tl)c Triisl¢¢s are responsible for k¢eping propcr accounting records wliich disclose with reasonable accuracy at any lim¢
Ihc financi£11 position of ihe charily nd enabl¢ ihcm to ensurc ihai the financial slic tcincnis comply with thc Charities and
Trusiee Investnienl Iscotlandl Aci 2005 and Ilie CliariEies Accounis IScotlai)dl R¢gulaiions 2006 las aineiid¢d). They are
also responsibl¢ for safegiiarding the asseis of ihe chariry and hence for iaking reasonable sieps for the preveiition and
dereciion of fraud and other irregulariti¢s.

THE DUNBEATH PRES£RVATIO&N TRUST
TRUSTEES. REPORT
for the )'eAr ended 31 h.larch 2025 (continued)
RISK fvIANAGENIENT
The Trustees have a dlity to ideniify and review the risks to ￿'hICh ihe ch￿lty is axposed and to cnsute apprnpriate controls
are in place to provide reasonable assurancc against fraud amd ¢rriY.
On behalt. ol'the bL)ard
Vice-cliairpersoii
Page 4

THE DUNBEATH PRESERVATION TRUST
lkndependent Examiner's Report to th¢ Trustees
for the year e*ded 31 NIar¢h 2025
I report on the accounts of the charity for the year en(kd 31 March 2025. which are sei out on pages 6 to 12.
Respeetive r¢sponsibilities of trustecs snd indepcttdent ex#min¢r
The charitys In￿tteS are responsible for Ihe prepaAtion of the xcounts ill accordance with th¢ lem￿ of the Chariiies aiid
TTusiee Invesinienl Iscotland) Act 2005 and Ihe Charities Accounts (Scotlandi RegulatN)ns 2006. The ¢hafity trnslees
¢onsid¢r ihat the audit requirejneni of Reeulation 101 I } la) {cl of ttje .4ccounts Re(Fulaiions does not apply. It is iny
r¢spuiisibili(y ¢0 examin¢ ihe accouiits as r¢quir¢d und¢r section 4411) Icl of ibL Aci And ￿ state Hhetherpdm¢ular ni&tlus
hllvc come lo my &ltcnlion.
Basis of independenr tx#Thiner's 51alement
My exatTrin&tiQil is carried out in accordance with R¢ouEaiion I l of the 2(K16 A¢¢ouiiis Reclulaiions. An exaniinaiion
includes a revtew of ilie accouniinn re¢￿dS kept by the charits. aThl a c(Knparisoii of the accounL8 presenied witli Ihose
r¢¢ords. li also includcs considcration of any UEiUSual LLuns 01 dix105urc5 Lll tl]e accow)ts, and seeks explanaLions fron)
the tmstees concernirto any such maiters. The procedures ui?denaken do noi provide all the evidence thot th'ould bc
requirLd in an audit. and COilSL'quenil) I do nol express an audii opini(m ihe Yiew ¥iven by il)e accounts.
Indepelldent e¥aminer's 51atement
In th¢ CQLiE5e of my ¢xamination. ￿thIn
ha5 io aii¢ntion
whieh oives rne reasonable cause to believe that in amy material respect, the requttrment$=
lo keep accounting records in accoTdanc¢ with Scction 44 (1)(a) of the 2005 Aci and Regidation 4 of the 2006
Accounts Rcgiilaiions, and
to preparc accoiinls which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts
Rcgularions have noi becn mel, or
to which. in my opinÉon. alt¢ntion should be &awn in ordw lo er•ble a proper und¢rstanding of the accounts to b¢
reached.
Reid & Frascr
Chartered Accoun¢anLs
15 PriiiLes Sire¢i
T])urso
KW147BQ
Date: (l.11.ZS.
PaE¢ 5

THE DUNBEATH PRESERVATION TRUST
Statement of Financi21 Actii'ilies
(incorporating Income and E￿penditure Account)
For the year ended 31 Mnrch 2025
Total
funds
2025
TotAI
funds
2024
Permanent
Endo*'ment
Restricted Unrestricted
fund5
funds
Note
Income re$ouree$
Donaiions
Donated volunteer linie
Aciivili¢s to further ih¢
Trust's objeciives:
Grnnts
Fui)draising
Iiiv¢slin¢ni incom¢
RLalised gain from
investnients
Unrcalis¢d gain from
investrnents
Reiilal income
Suiidry income
4,393
5,697
4.393
5.697
3,346
4,621
23,614
23.614
1.004
10,494
19,127
1,683
10.371
1.004
10.494
125
125
21
255
?55
4.884
324
22,267
2,330
68?
4,884
324
Total incoming
resources
380
23.614
26,796
50.790
64,448
Resource5 expended
Costs of generarin
fiinds=
Stocks
Mana￿ernent &
adniini%ira¢ion
Charitable expendittire
228
228
12?
1.025
1.025
1,005
22.266
24.346
1.348
46.612
1.348
51.838
500
Governance Cos
Realised loss froin
investiiients
Unrcaliscd loss from
investments
Total resources
e¥pend¢d
1.025
22,266
25.922
49,213
53.465
Net moi'ement in
funds
12
(6451
1.348
874
1.577
10.983
Funds transferred
{10.000)
i 0,000
Total funds brought
forivArd
344.261
443.608
33,823 821.692
810,709
Total funds cmrrled
forivard
12
333.616
444,956
44.697 823.269
821,692
There w¢r¢ no recognised gains or losses for the years oiher ihan thos¢ included in the Stateineni of Financial
Activities.
Paee 6

THE DUINBEATH PRESERVATIO) TRUST
Balanct Sbeet •5 at 31 fvlarch 2025
Notes
2025
2Q24
Fixed 95sets
Freehold Properfy
Fittings and Equipment
Art-work
Investment Property
?97.536
396,229
25.799
39.000
i9.0(K>
102.074
462,860
461,028
Investm¢Dts
At tnarket value
333,616
344.261
Current A5set5
Cash ai bank - General Account
Cash ai bank - Redevelopmeni Account
Stock on hand
Casl) on haiid
SuTtdry debior5
11.436
12.001
2.922
i2)
?,69)
4.231
8.249
3,015
325
2.590
29.377
18.416
Current LlabilÈtios
Sundry cr£di￿$S
(2,584)
(2,0131
et assets
823.?69
821.692
RepTesenting:
CapitAI F￿nd.
Pennanenl Endowmenl
333.616
344,261
Restricted Funds
Revalualioii Rcsfrve
Old Sehoolhouse Utlice Conwsion
Glasgow UiiiY¢rsity
Visitors C¢ntre and Exhibition
H8rbour Propernies
Redevelopin¢nt Projcct
Fishings Phase 2
Projecls
28.665
28.335
3,170
36.888
34.279
279.830
32.85)
936
28.665
28,335
3.170
36.888
34.279
279.810
32,8)3
(4121
444.956
443.608
Unrestritted Fund, General
44.697
12
823269
821.692
ice-ChairFrson
Page 7

THE DUNBEATH PRESERVATION TRUST
I 'otes to the financial statements
for the )'ear ended 31 ￿larch 2025
I ACCOUN'TifiG POLICIES
The financial stateiiient5 of the charity, which is a public bertefii eiiiiry under FRS 102, hove been prepared ii) aeeordttiice
with Ihe Charities SORP IFRS 1021 'Ac¢ouniii)g and Reporting by Chariiies.. Siatemenl of Reconimend¢d Pi'aclice
applicable to charities prepariiig their accoui)ts in accordaiice with ihe Finaiicial Reportiiig Stai)d8rd applicable in the UK
aiid Republic of Irclaiid IFRS 1021 (effcctive l Jaiiuary 20191,. Financial Rcportii)g Siandard102'Thc Financial ReporiiiJg
Stai)dard applicablc iii Ihc UK aiid Rcpublic of Ircland, and ilie Charities aiid Tn￿lee Invcslin¢nt (Scotlandl Aci 2005.
Tlie financial sia¢¢ni¢nts have been pr¢pared und¢r ilie hisiorical cost conveniioii.
Income
All voliintary in¢oin¢ is in¢liided in income on receipt except where ihe donor r¢quires the sum to be invested to provid¢
incom¢ for th¢ charity's piirpos¢s. in which case it is treated as an endowinent.
Income froin investiiient5 is reco£nised in ihe Income and Expenditure Accouiil when receivable.
Grants receivable, incliiding grants for the purcliase of fixed assets, are credited to the Statemcni of Financial Activities
ISOFAI iii tlie year for ivhich tliey arc r¢ccivcd.
Deferred income represents amounts received for fiitiire periods and is released io incomiii¥ r¢sour¢¢s in the period for
whicl) it has been received.
Resources expended
All expenditiire is included on an accruals basis.
Unrestricted funds
Ui)res(ricied funds are incoming resources receivable or gen¢tated for the objects of the charity without ￿rther specified
purp05c ai)d are available as general funds.
Restricted funds
Re51riLled fisnds are to be used for specific purposes as laid down by the donor. Expendilure which mc¢ts these criteria.
is charged to the fiind.
Fixed assets
Fixed assct5 arc origii)ally rccordcd at cosi. Depreciation is calculated so as ¢0 write off the cosl of ali asset, less irs
estimated residual value. over its us¢ful ¢conomi¢ life as follows=
Fit(ings and equipmenl
15 /0 and 250/0 reducing balance
Fixed asseis consisting of exhibition ¢quipment and archival material are not capilali5ed but are writtei) off oil acquisitlOl1
through ihe Incon)e and Expenditure Accounl. as a substai)¢ial part ofthese assets is eonsidered inaliei)able. Depreciation
is iio longer cliargLd oil freLliold lund and buildings and ariworks.
Investment Property
liivesliiieiil properly is shown at most reeent valuation. Any aggregate su￿lUS or deficit aristng from ¢hang¢s iii fair value
18 recognised iii tlie Siarement of Finaiicial Aciivilies.
Investmcnts
Invcslii)ei)ts are iiicluded at market value ai ilie balance she¢1 dare. Any gain or loss 011 rcvalualion is taken 10 the
51ateinent of finai)cial activities ISOFAI. R¢alis¢d gains or losses on the sale of invesim¢i)rs are shown irt the SOFA
before being iransferred lo ihe Pernianeni Endowment fund.
Page 8

THE DUNBEATH PRESERVATION TRUST
Notes to the financi41 statements
for tbe year ended 31 March 2025 {tontinued)
FIXED ASSETS
Freehold Fittings &
Propertv Equipment Art-m'ork
Tot*1
COST
Balan¢c Mt l April 2024
Additions d(Iring year
RL'classificaiiun
420.357
3,381
1102,074)
144.530
142
47.827
612.714
3.523
1102,074}
Balance al 31 March 2025
321.664
144.672
47.827
514.163
DF.PRECIATION
Balaiic¢ ai l April 2024
Elimiftatcd
24,128
118,731
8.827
151.686
Charge for year
1.691
1,691
Balance at 31 March 2025
24,128
120.422
8.827
153.377
NET BOOK VALUE AT
31 March 2025
297.536
24.250
i9,000
360.786
NET BOOK VALUE AT
31 Marcli 2024
396,229
25.799
39.000
461,028
liicluded in th¢ lolal for freehold property broughi forward is the Old Schoolhouse which has been reclassified
duri11￿ the year as investment property. Tlie Trusiees ivill revieiir whether a revaluation is required in rh¢ year to
31 March 2026.
3 INVESTMENT PROPERTY
FAIR VALUE
ReLla55ification
102.074
Balance at 31 March 2025
102.074
NET BOOK VALUE AT
31 hlarch 2025
102.074
NET BnoK VALUE AT
31 MaTclI 2024
4 INVESTMENTS
2025
2024
Market value at 31 March
333.616
344.261
Pa8e 9

THE DUNBEATH PRESERVATION, TRUST
Notes to the financial statements
for thc year endcd 31 Imarch 2025 {continued)
5 DEBTORS
Grants awarded i)ot yet received
Other debtors
1,763
930
2.596
2,693
2,596
6 CREDITORS
Accruals
Otlicr crrdiiors
1,418
1.166
1,418
595
2.584
2,013
7 INCO￿lI1￿c RESOURCES TO FURTHER TRUST'S OBJECTIVES
Total
2025
Total
2024
Grant income
Restricted
Unrestricted
Hi<Fhland Couneil=
Scrvice Level Agreement
6.?72
6.272
6.272
Caithness & North Sutlierland Flind=
VolLinteer development officer grant
6.263
Scottish Power R¢newables - Halsary Fund:
New lawi)moiver
2.)99
Beatrice Offshore Wind Fami
Berriedale & Dunbeaih CC Panel project
Harbour Furniture replacemcnt
8.480
8.480
2,952
MILseiLms Galleries Scoiland
BSP Governance & Leadership
610
Tot81 grant income
23.614
23.614
19.127
Patre 10

THE DUL¥BEATH PRESERVATION TRUST
Notes to the financial Statements
lor the year ended 31 March 2025 (continued)
COSTS OF FUTHERANCE OF TRUST'S OBJECTIVES
Total
2025
Total
2024
Nott
Restricted
Unre$tr5eted
Salaries, National Ii)5ururtce
aiid Pensioii coniribulions
Telephoiie & In(ern¢i
Advertising
Stationery
Subscriptions
Miiseiim archive costs
Repairs
Gcneral expenses
Accountancy fees
Rent& rates
Eiisiirance
Lsght & heal
Bank cliarges
Volunteers, lime
Rental property expenses
CompLLiei ¢0S1s
Project Costs
Depreciation
19,628
5,063
24,691
30,425
729
165
865
324
123
2.721
105
1,250
158
1,934
3.742
729
165
865
324
123
2.721
105
1,250
158
1.934
3,742
144
5,697
772
302
1,199
1,691
737
245
800
346
1,751
350
1,250
858
1,765
3.833
220
4,621
5,697
772
302
1.199
1.439
?.673
1,964
?5?
22.266
24.346
46.612
51,838
9 GOVERNANCE COSTS
2025
2024
Independei)i Examiner s fee
Bookkceper costs
iOO
848
500
1.348
500
10 EMPLOYEE CO.STS
2025
2024
Gross salaries {n¢i of SMP rccovery)
Employer's pension ¢oniributions
24,219
472
29,838
587
24,691
30.425
Ther¢ was 8n avera¥e of 1.6 full time equivalenl staff members employed during the year.
Pagell

THE DUNBEATH PRESERIIATION TRUST
Nut¢s fo thi. Financial Slalemenls
for the l'ear ended 311 M arch 2025 (continued)
I I ANALYSIS OF IET ASSETS BETII'EEN FUIYDS
Permanent
Endoivment
Total
2025
Total
2024
Restricted
Unrestrlcted
Tic iiuible fixed assets
Invcstmcnts
Ciirrent assets
Current liabilities
431.330
31,530
462,860
333.616
29.377
(2,5841
461,028
344,?61
333.616
14.067
(441)
15.310
(2.143)
(2.013)
333,616
444.956
44.697
823,269
821,692
12 MOVEMENT IN FUNDS
Atl
April
2024
Nel
At31
I larch
2025
moveme
Transfers
Capit31 fund:
Pemianent Endowment
i44.261
164))
{10.0001
333.616
Restricted funds:
R¢v&lii<l1ion Reserve
Old Schoolhouse Office Conver5iO
Glasgoiv Unl￿ersitY
Visitors, Cenire & Exhibition
Harbour Properties
Rcdevelopniciii Projeci
Fishings Phase ?
Projecrs
?8,665
?8.335
3,170
36.888
34,279
279.830
i2.853
14121
28.665
3.170
36,888
34.?79
279.8JO
32,853
936
.348
Total restricted fund$
443.608
1,348
444,956
Unre.$tricted funds- General
33,823
874
10,000
44.697
Total funds
8?1.692
1,577
823,269
13 TRANSACTIONS WITH TRUSTEES
Thcrc were no transactions with Tn￿te¢S during the year to 31 March 2025. During ihe previous year, a pr()perty
was rented to a Trnstee at market rent.
Paoe 12