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2025-10-31-accounts

ROYAL BRITISH

Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

CONTENTS PAGE
Details of the Charity, its Trustees and Advisers 3-4
Report by the National Board of Trustees (NBT) 5-18
Independent Auditor’s Report for year ended 31 October 2025 19-22
Statement of Financial Activities 23
Balance Sheet 24
Statement of Cash Flows 25
Notes to the Financial Statements for year ended 31 October 2025 26-39

Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

DETAILS OF THE CHARITY, ITS TRUSTEES, STAFF AND ADVISERS

PATRON

His Majesty the King

National President

Rear Admiral Mark Beverstock (Appointed 1[st] January 2022)

The Royal British Legion Scotland (herein after referred to as Legion Scotland) is a charity registered in Scotland, Scottish Charitable Incorporated Organisation (SCIO) (SC003323). The Head Office is located in New Haig House, Logie Green Road, Edinburgh EH7 4HQ.

The National Board of Trustees

Office Bearers

National Chair David Boe Elected August 2024
National Vice Chair Keenon Hawkins Elected May 2023
National Treasurer Mike Flett In Post Feb-April 2025
National Treasurer Currently Vacant
Trustee Aberdeen Banff & Kincardine Alastair Combe Appointed 2024 – Resigned Aug 2025
Trustee Aberdeen Banff & Kincardine Vacant
Trustee Aberdeen Banff & Kincardine Douglas Porter Appointed 2024
Trustee Angus Perthshire & Fife John Bell Appointed 2017 – April 2024
Trustee Angus Perthshire & Fife Ian Ballance Appointed 2024
Trustee Angus Perthshire & Fife Carolyn Ansell Appointed 2025
Trustee Edinburgh Lothians & Borders Peter Stewart Appointed 2019 – Retired 2024
Trustee Edinburgh Lothians & Borders David Deacon In Post Feb-April 2025
Trustee Edinburgh Lothians & Borders Gordon Michie Appointed 2025
Trustee Edinburgh Lothians & Borders Graham Walter Appointed 2022
Trustee Glasgow, Ayrshire, Dumfries & Galloway Stewart Walker Appointed 2024
Trustee Glasgow, Ayrshire, Dumfries & Galloway David Paterson Appointed 2020
Trustee Highlands & Islands Jonathan Brookes Appointed 2020
Trustee Highlands & Islands Hugh McInnes Appointed 2023

Head Office

Claire Armstrong - Chief Executive Officer Gareth Laidlaw - Office Manager Brian Ward – Events Manager William Millar - Events Support Neil Robinson - Head of Advocacy James Johnston - Deputy Pensions Appeal Officer

Veterans Community Support Coordinators

Stuart Aitken – AB&K and H&I Peter Kerr – AP&F (to March 2025) Chloe Aldridge – AP&F (from April 2025) Tony Hooman - EL&B Elliot Thomson – GAD&G Caroline MacDonald – GAD&G

Alastair Duff – Database & Membership Administrator Lorna Kane – Accounts Manager Alan Hayes – Accounts Support

Tam Douglas - Veterans Community Support Manager (retired June 2025) Rory McIntyre – Veterans Community Support Manager (appointed July 2025) Sally Orr Ewing - Veterans Community Support Administrator

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

DETAILS OF THE CHARITY, ITS TRUSTEES, STAFF AND ADVISERS

Bankers

The Royal Bank of Scotland 36 St Andrew Square Edinburgh EH2 2YB

Auditors

CT Audit Limited Chartered Accountants and Statutory Auditor 61 Dublin Street Edinburgh EH3 6NL

Legal Advisors

Turcan Connell Princes Exchange 1 Earl Grey Street Edinburgh EH3 9EE

Investment Managers

RBC Brewin Dolphin 144 Morrison Street Edinburgh EH3 8BR

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

ANNUAL REPORT

Objectives and activities

Constitutional Aims

Legion Scotland is the largest ex-service membership organisation in Scotland. It was created in 1921 to achieve the following constitutional aims:

The aim of the Organisation is to sustain and improve its overall performance in support of the ex-service community and to expand its involvement and influence in the charity sector. It does this through a comprehensive list of charitable objectives and activities.

Constitutional Objectives

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

Foreward

The past 12 months have been a period of critical reflection and strategic change for Royal British Legion Scotland. As we look back, there is much to be proud of in our service delivery, commemorations, and Remembrance programme. At the same time, we recognise that there is more to do as we continue to adapt our delivery model and ensure we are providing the services and support required by the Armed Forces community here in Scotland.

We remain firmly committed to our vision: to be a leading force in Scotland for the Armed Forces community, trusted, recognised, and respected by those we serve and those who support us.

Achieving this vision is only possible through close collaboration with our key stakeholders, partners, and communities across Scotland. Together, we deliver lifelong support, coordinate military commemorations, and lead year-round activity to honour the service and sacrifice of our Armed Forces.

Over the past year, we have revisited our core values of Unity, Respect, Integrity, Good Communication, Trust, and Excellence. This work ensures we continue to operate as one team, treating all with fairness, dignity, and compassion, while upholding the highest standards and maintaining transparency, quality, impact, and continuous improvement.

Our Strategic Transformation Committee has continued to progress the Change Management Plan, reviewing all aspects of our structure, culture, and delivery models. The resulting Change Management Programme provides a comprehensive framework for identifying what needs to change and how we will deliver that change. Further detail on this work is included throughout this report.

We continue to strengthen our organisation and ensure its long-term sustainability, and much of the progress made over the past year is reflected in the pages that follow.

None of this work would be possible without the commitment and dedication of our staff team at Head Office, and our network of Office Bearers and members across Scotland. On behalf of the National Board of Trustees, thank you for your continued passion, commitment, and support for Royal British Legion Scotland.

David Boe Dr Claire Armstrong OBE National Chair Chief Executive

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

Membership

Membership retention and attracting new members continue to be a challenge across the organisation. We saw a small dip in membership numbers to a total of 19,946 at the financial year end, despite 8 additional card runs throughout the year for a total of 3,330 new members and 453 renewal stickers.

The Strategic Transformation Committee have been focusing on key areas for membership including the creation of a National Branch, Legion Scotland Supporters Club, involvement in the transition process across Scotland and making the joining process more efficient. Preliminary work in these areas has been undertaken this year with longer-term plans to develop more training and support for Areas and Branches to help with the retention of members and how to attract new members throughout the year.

To ensure more information was reaching the membership directly we made a change this year to combine the Head Office Month End Report, which was normally circulated to Office Bearers only and the monthly Membership Bulletin. As of early 2025 we have now been issuing a combined monthly Newsletter to both members and Office Bearers with a working email. It has been encouraging to see the number of emails provided by members growing throughout the year as this helps us reach more individuals directly with key information and updates.

Continuing to increase the number of member emails as we move into 2026 will be hugely important as the Legion Scotland Today magazine had its final hard copy prints this year and will become a digital distribution from June 2026.

The total number of members paying by Direct Debit as of the end of this financial year was 2,220, an increase from 1,693 in the previous year, which is encouraging but we would still like to see more members adopt this method of payment.

After significant promotion of Gift Aid throughout the year, we have now reached 7,183 members signed up, allowing us to claim £26,936.25. This is a good base to build on as we move into the next financial year, but we need more Area and Branches to get behind this and encourage member sign up.

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

Service Delivery

Our service delivery continues to cover a wide range of opportunities from comradeship and events to the practical support provided by the Veterans Community Support Service and our Pensions and Advocacy Department.

Comradeship & Events

As the custodians of Remembrance in Scotland, we have a responsibility to ensure our nation continues to honour the service and sacrifice of our Armed Forces, veterans, and their families. In these last 12 months we have had many opportunities to show our support for our Armed Forces family and to recognise their sacrifice and contribution to society.

Traditionally our Remembrance period begins in October each year with the dedication and opening of the Gardens of Remembrance in Edinburgh, Glasgow and Inverness. This year was no different, with all three events well attended and supported by local councils, the Armed Forces and representatives from many other veterans’ agencies and Charities here in Scotland. Media interest and attendance for these events as well as the National Service of Remembrance at the Stone of Remembrance in Edinburgh and Armistice Day at Princes St Gardens continue to grow year on year.

We ended the calendar year with another hugely successful Legion Scotland Carol Service which was a wonderful opportunity to give thanks and reflect on the 12 months past with family and friends in the wonderful Canongate Kirk. We were once again supported by the Choir from Edinburgh Voices and The Highland and Lowan Bands of the Royal Regiment of Scotland.

At the beginning of 2025 we held our third service to commemorate our Founder at the Scottish National War Memorial on the 29th of January. This short, private and very dignified service is delivered out with the Scottish National War Memorial opening times and is by default not attended by members of the public.

The Annual ANZAC services also continue to grow in attendance and dawn services in Edinburgh at Comley Bank and in Glasgow at the Western Necropolis, are now a firm part of the annual calendar along with the 11am service at the Scottish National War Memorial in Edinburgh Castle.

Legion Scotland Carol Service, Canongate Kirk, 8[th] December 2024

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

May was one of our busiest months of the year starting with the National Standard bearing competition on the 3[rd ] of May at Redford Barracks. This was followed not long after by a very special VE Day 80[th] Commemoration at the Usher Hall on the 6[th] , Annual Conference in Banchory on the 23[rd] and 24[th] and the Scottish American Memorial Day Service on the 26[th] .

June was also busy with us marking Dunkirk 85, HMT Lancastria 85 and the 25[th] Anniversary at the Korean War Memorial, followed soon after by Armed Forces Day in Edinburgh with a well-attended parade from Charlotte Square to St Andrew Square in Edinburgh. Once again, we were joined by the Scottish Military Vehicle Group from Aberdeen. The Salute was taken outside City Chambers by the Lord Provost, National President Rear Admiral Mark Beverstock, and Veterans Minister Graeme Dey, they were accompanied by the Armed Forces Chiefs and Lord Lieutenant Cadets.

Adult & Cadet winners National Standard Armed Forces Day Edinburgh 28[th] June Bearing Competition May 2025

The highlight for 2025 had to be the fantastic VE Day 80[th] Commemoration at the Usher Hall on the 6[th] of May. Delivered in collaboration with Poppyscotland and Scottish Government, this sell-out concert took the audience on a historic and poignant journey to mark Victory in Europe in 1945. Musical support was provided by The Royal Marines Band Service, The Band of The Royal Regiment of Scotland, RBLS Dunfermline & District Pipes and Drums, members of the Military Wives Choir, singer Cammy Barnes and violinist Iona McDonald.

With compere Mark McKenzie (Broadcaster on BFBS), narration from Major Alasdair Hutton OBE TD, and performances from actor Nicholas Ralph, Sadie Addington, Anais Doppel and the Janice Bruce Dancers, Scotland’s Salute to VE Day 80 was delivered through an emotional programme of poetry, music and song.

The evening marked a collective appreciation and paying respect to the generation of those who secured the future of our country and continent. We were also honoured and humbled to have some of Scotland’s World War II veterans with us for this special commemoration.

Although the 8[th] of May 1945 saw a day of National celebration it was not the end of conflict nor was it an end to the impact war had on people. A significant number of British Troops were deployed to engage in the war in the Far East which continued

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

until August 1945, in the summer we marked the VJ Day 80[th] commemoration with a moving service of remembrance at the Scottish National War Memorial in Edinburgh Castle on the 15[th] of August.

This commemoration was attended by the Duke & Duchess of Edinburgh along with The Rt Hon. Lord Provost of the City of Edinburgh, Scottish Government, Armed Services representatives and other key stakeholders.

It has been a year for significant anniversaries which have been marked with respect and delivered in collaboration with many key stakeholders and partners.

The staff and volunteers who made sure the planning, preparation and delivery of the events programme throughout 2024/2025 should all be highly commended.

----- Start of picture text -----
Highlights from VE Day 80 [th] and VJ Day 80th
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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

Veterans Community Support

Since 2017 our Veterans Community Support Service has been our frontline outreach to veterans and their families in communities across Scotland. A service which helps tackle isolation and loneliness, fosters comradeship, and facilitates cross referrals with respect to other veterans’ agencies and charities, ensuring every veteran we work with receives holistic and lasting support.

From the first point of contact to assessment of need, and relationship building, our staff and volunteers make a difference not only in the lives of the veterans we work with but for their families and carers as well.

In 2025 the service continued to deliver this vital in person contact through our network of 5 regional Coordinators and their Support Volunteers across the country.

244 veterans have been directly helped this financial year with over more than 2949 points of contact, ranging from weekly phone calls to home visits, transport, help in the home, attendance at local comradeship events, support to attend breakfast and lunch clubs, shopping trips and group days out to museums and the theatre as well as the annual Pilgrimage which is mentioned below.

Our coordinators completed a survey with all our veterans to find out what VCSS meant to them and here are a few of the quotes that came back from the veterans we support – “I am in bed all the time and blind. The service is my link to the outside world” - “Takes me out of myself, cheers me up no end” - “I can talk through my concerns without being a burden to my family” - “It’s a long day with no one to talk too, and the visits give me something to get up for” - “Could not do without the Service” There are many more quotes all along the same line on how our coordinators and support volunteers have had such a positive impact on our veterans.

Referrals continue to come in from DMWS, Poppy Welfare, SSAFA, NHS, Sight Scotland and Local Council Authorities and VCSS continues to have an average monthly caseload of more than 150 veterans.

The funding for VCSS will come to an end in March 2026 and at present all possible options are being explored to identify Trusts and Foundations who would consider applications for grants. We have secured £7,500 for 2026 and £7,500 for 2027 from the Officers Association Scotland to deliver the Annual Pilgrimage, which is excellent news, but we also need to secure substantial funding to allow for the day-to-day support to continue.

The future of this service and how it continues next year remains under review.

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

Disablement Pensions Advice and Advocacy & Tribunal Service

Over the last 12 months 124 cases have been received, of which 97 have been listed to be heard. Of those who were heard 58 (60%) were withdrawn or other action directed by the court so had been set aside for future hearing whilst the remainder of 39 were finalized. The RBLS were successful in 15 (38%) of these cases, whilst the DBS won 16 (41%) and a further 8 (21%) appeals could not be successful because of legislation.

The financial benefit from the 15 appeals won by RBLS equates for veterans to £205.650.00.

In addition to this the Head of Advocacy and Deputy Pensions Appeals Officer have dealt with approximately 2500 telephone enquiries and more than 2000 emails.

During the last 12 months there have been changes to policies and procedures externally, all of which are having a positive effect on the way that Tribunals are delivered and how our Pensions Department moves forward with other organizations who handle veteran issues.

An Initial trial by The Royal British Legon which came into effect on the 1[st] of October 2025 in Scotland, this has resulted in the Department of Business Services (DBS) as they are now called, (formerly Veterans-UK), introducing a digital presentation of statements which are the documentation used to allow appeals to be presented. These are now sent via e-mail to all parties involved and effectively replace what can often be an unwieldy amount of paperwork, often 1500 pages per case. This is improving efficiency and turnaround times for the receipt of statements and whilst the DBS are having some initial IT teething problems, it is hoped that these will be fixed in their entirety during 2026.

Throughout the year we have successfully collaborated with key stakeholders such as CAB, SACRO, SSAFA etc. along with several activities relating to outreach, inhouse and partnership working with Poppyscotland and The Royal British Legion, to enhance the support we give to the service community.

It is worth noting that we have had a slight uptake of our services by solicitors and third parties who will contact RBLS for independent advice due to the restrictive nature of the work that is performed by the department. We are also experiencing an increase in the number of clients who are choosing to come to New Haig House for one-to-one interviews and assistance in completing claim forms.

The Pensions & Advocacy Department has had a successful year and has overcome a number of hurdles such as new procedures, operational matters and working with other organizations to ensure delivery of the support required to appellants who engage with us.

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

– Change Management Programme Key updates

As already noted in this report, the work of the Strategic Transformation Committee on the Change Management Programme covers many of the key areas of our ongoing administration and service delivery, with 8 out of 27 major milestones now achieved.

The work of the Strategic Transformation Committee has been absolutely essential these past two years as charity finances are now critically low and clear plans for future sustainability must be in place so an effective change programme can be delivered. Significant change is now required across the entire organisation and while a lot of positive steps have been taken in 2025 the future is still very uncertain.

Organisational reviews were launched this year starting with an audit on the Head Office Team in the Spring and moving on to the National Board of Trustees prior to the summer. Both audits provided a thorough and detailed assessment of current processes, efficiency and function. While much of the evidence from the audits was encouraging there are multiple recommendations for improvement across communication, training and Teamwork which have now been built into the Change Management Programme.

Area audits will begin prior to the end of 2025 and continue into 2026 and then be followed by Branches. This will ensure the full organisation review continues so every part of our structure has been assessed and recommendations for improvement identified. The process of auditing the Areas and Branches will also allow for the sharing of best practice and identifying shared challenges across Scotland for our network of Office Bearers.

Better PR, Marketing and Image also form a key part of the Change Management Programme and this year we have made good inroads to set us up for success in 2026. Our Brand Guidelines were reviewed, updated and distributed at the end of August to ensure all Areas and Branches have clear guidance and information on use of the logo, name and RBLS brand. We have undertaken a review of our current website and tendered to 8 agencies to provide proposals for development work and design on a brand-new website for 2026. Our social media channels have also been under review to ensure the content is relevant, engaging and making an impact and we will shortly engage an external professional firm to work with us to create a new social media strategy for 2025/2026.

We continue to focus on better communication and providing more information for our network. Throughout this year we have delivered 6 online webinars including one for Clubs on FCA registration, Events overview for Branches, Membership & Accounts guidance for Branches and three key updates from the Strategic Transformation Committee.

One of the most exciting developments for us this year was the commissioning of a full Fundraising Strategy with Mission Ready in the summer. The National Board of Trustees have now approved a full fundraising plan for the next 2-3 years based on this new approach. We now have clear recommendations for action with respect to the following Strategic areas:

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

With 9 Support Pillars for these areas which include:

  1. Fundraising Database/CRM system review

  2. Website

  3. Social Media channels

  4. Additional giving options

  5. Governance

  6. Case studies/stories

  7. Gift Aid

  8. Staff responsibilities

  9. PR strategy

The National Board of Trustees have agreed to a clear budget for fundraising work ahead in the next financial year to allow progression in all three Strategic areas under these 9 pillars.

The Change Management Programme has been crucial to our success this financial year in setting clear and definable tasks and areas of change that are required to ensure our future sustainability and continued service delivery.

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

Financial Review

Incoming resources amounted to £1,005,287 Excluding Branch Funds £673,069 (2024: £714,862)

The income stream primarily consists of monies received from charitable activities amounting to £299,190 from the receipt of capitation fees to branches and clubs. There has been a small decrease in the level of members in the year.

Donations and legacies income amounted to £324,324 and included the continued provision of financial support by Poppyscotland in the form of a grant amounting to cover the costs of the Pensions & Advocacy Department.

All funds maintained on behalf of Branches are reported under designated and restricted funds.

Resources expended amounted to £1,394,595 Excluding Branch Funds £1,087,044 (2024: £1,015,236)

The cost of financial resources expended in furtherance of the charitable activities defined in the constitution as representing the aims and objectives of the Royal British Legion Scotland SCIO amounted to £1,042,398 for the organisation and £262,135 by branches. This level of financial support represents 93% of the total resources expended by the organisation and 85% by branches and reflects the level of support made available to both Legion Scotland Branches and individuals throughout Scotland under the auspices of the National Board of Trustees, Branches and Head Office staff. A more detailed analysis of the various strands of activity is shown in the notes to the financial statements. The balance of the resources expended represents monies expended in raising funds and investment activities amounting to £44,646 and branches £45,416.

Investment Policy

Brewin Dolphin continues to act as investment manager to the Royal British Legion Scotland. The NBT has instructed the investment advisor to manage the portfolio on a discretionary basis within a “medium” risk profile and with the investment objective of “achieving a balanced return of income and capital”. In the face of continued volatility in global financial markets, the value of the portfolio decreased to £1.469m, a decrease of £271k during the fiscal period to 31 October 2025 (2024: £1.740m). This decrease is primarily due to a £250k cash withdrawal from the portfolio during the year by the organisation. The movement is detailed in note 12 to the financial statements.

Reserves Policy

The National Board of Trustees has reviewed the reserves of the charity. The review examined the nature of income and expenditure streams and the need to ensure the availability of sufficient reserves to meet the future demands of the Royal British Legion Scotland in maintaining its position as the leading ex-Service membership charity in Scotland. The Trustees have concluded that the current level of reserves is appropriate to respond to the challenges facing Legion Scotland and ensure that the necessary financial resources are available to meet its constitutional mandate for the immediate future. The Trustees remain acutely aware that based on the current annual deficit the future sustainability of the reserves of the charity must be

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

kept under close review. There is now a firm strategy and fundraising plan in place to ensure alternative options for income and replenishment of reserves are implemented in 2026.

Principal risks and uncertainties

The National Board of Trustees has reviewed the significant risks to which the charity is exposed using a formal risk management process to identify the risks and implement risk management strategies. The National Board of Trustees uses the services of commercial agencies: SafeHR to assist in managing the complete range of HR and health and safety issues and Victory Financial Services who assist in identifying types of risks facing the charity. The National Board of Trustees identify the following principal risks and uncertainties facing the charity and have plans in place for the monitoring and mitigation of these (as set out in a detailed Risk Register):

These risks are subject to ongoing monitoring by the Strategic Transformation Committee, Finance Committee and the Board of Trustees. We also have a strategic business plan with aims, objectives and key performance indicators that are monitored regularly by senior management and the Board to ensure the effective delivery of the plan and the management of risk.

Plans for Future Periods

The Change Management Programme, as already noted in this report, sets out 9 key areas to provide a structure for the overall change programme including organisational reviews, Head Office cost reductions, Area funding, income opportunities, better PR and Marketing, membership retention and attraction, guidance for Branches, Teamwork building activities and a Fundraising Strategy. The Programme details a significant number of tasks under the 9 key areas to address all plans for the next 2–3 year period to ensure the organisation adapts where required to guarantee future financial sustainability.

Structure, Governance and Management

The National Board of Trustees is responsible for the governance, policies and work of the charity. The Office Bearers and Trustees provide overall policy direction; management of the charity is delegated responsibility of the Chief Executive Officer who, with the supporting staff, is based in the Head Office situated in Edinburgh.

Governing document

The Royal British Legion Scotland SCIO governing document is its constitution. The constitution was first approved in 1921 and the newest constitution, having been adopted by the members in May 2025, has been presented to the Office of the Scottish Charity Regulator (OSCR), and received consent from OSCR in February 2026.

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Appointment and Induction of Trustees

In compliance with the constitution, the policies of Royal British Legion Scotland are directed by a National Board of Trustees which meets four times per year with extra meetings as and when required.

The Board comprises of the National Chairman, National Vice Chairman and National Treasurer who are elected for an initial period of three years, along with ten members, being two from each of the five Legion Scotland Areas who are elected to serve as National Trustees for an initial period of three years by their respective Areas.

Those members of Legion Scotland that are elected to hold office at National level must have a good knowledge of Legion Scotland’s history and work. On appointment, each trustee is given a Trustee Induction Pack and asked to sign a National Trustee Governance Code as well as completing a Skills Audit, Assessment Questionnaire, Register of Interests, Fit and Proper Persons declaration, Declaration of Eligibility and Conflicts of Interest Policy. All Trustees are now subject to a PVG check when joining the Board.

Key management personnel and remuneration policy

The National Board of Trustees, the Chief Executive Officer and the National Treasurer are the key management personnel of the charity as they oversee directing and controlling, running and operating the charity on a day-to-day basis. See note 10 of the financial statements for details on the remuneration and reimbursement of expenses to key management personnel. The remuneration of key management personnel is reviewed annually and benchmarked against pay levels in other charities of a similar size.

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

Statement of National Board of Trustees Responsibilities

The National Board of Trustees (NBT) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)

The law applicable to charities in Scotland requires the NBT to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the NBT is required to:

The NBT are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The NBT is responsible for the maintenance and integrity of the charity and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Signed on behalf of the National Board of Trustees

David Boe National Chairman Dated: 6 May 2026

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE ROYAL BRIITSH LEGION SCOTLAND (SCIO)

Opinion

We have audited the financial statements of the Royal British Legion Scotland (the ‘charity’) for the year ended 31 October 2025 which comprise of the statement of financial activities, balance sheet, statement of cashflows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE ROYAL BRIITSH LEGION SCOTLAND (SCIO)

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE ROYAL BRIITSH LEGION SCOTLAND (SCIO)

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under section 44(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report to you in accordance with regulations made under those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We gained an understanding of the legal and regulatory framework applicable to the charity and considered the risk of acts by the charity which were contrary to the applicable laws and regulations, including fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.

We focused on laws and regulations that could give rise to a material misstatement in the charity’s financial statements. Our tests included, but were not limited to:

21

Royal British Legion Scotland (SCIO) SC003323 Year ended 31 October 2025

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE ROYAL BRIITSH LEGION SCOTLAND (SCIO)

Auditor’s responsibilities for the audit of the financial statements (continued)

Because of the inherent limitations of on audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves

intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

CT Audit Limited Chartered Accountants & Statutory Auditor 61 Dublin Street Edinburgh EH3 6NL

Date: 6 May 2026

CT is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

22

ROYAL BRITISH LEGION SCOTLAND (SCIO) STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 October 2025

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Un-|Desig-|Un-|Desig-| |restricted|nated Restricted|restricted|nated Restricted| |Funds|Funds|Funds|Total|Funds|Funds|Funds|Total| |Notes|2025|2025|2025|2025|2024|2024|2024|2024| |(Restated)|(Restated)| |£|£|£|£|£|£|£|£| |Income and endowments from:| |Donations and legacies|2|91,836|131,000|232,488|455,324|99,002|75,725|272,147|446,874| |Charitable activities|5|299,190|165,531|-|464,721|309,255|221,095|-|530,350| |Other trading activities|3|24,566|17,018|-|41,584|2,326|21,818|-|24,144| |Investments|4|24,989|18,669|-|43,658|32,132|16,988|-|49,120| |------------|------------|------------|------------|------------|-------------|------------- --------------| |Total income|440,581|332,218|232,488|1,005,287|442,715|335,626|272,147|1,050,488| |------------|------------|------------|------------|------------|-------------|------------- --------------| |Expenditure on:| |Raising funds|6|44,646|45,416|-|90,062|31,097|56,941|-|88,038| |Charitable activities|7|644,764|262,135|397,634|1,304,533|709,157|269,200|274,982|1,253,339| |------------|------------|------------|------------|------------|-------------|------------- --------------| |Total expenditure|689,410|307,551|397,634|1,394,595|740,254|326,141|274,982|1,341,377| |------------|------------|------------|------------|------------|-------------|------------- --------------| |Net (expenditure)/income before losses on investments|(248,829)|24,667|(165,146)|(389,308)|(297,539)|9,485|(2,835)|(290,889)| |------------|------------|------------|------------|------------|-------------|------------- --------------| |Net gains/(losses) on investments|88,174|-|44,597|132,771|139,523|-|77,527|217,050| |Transfers|-|10,000|(10,000)|-|-|-|-|-| |------------|------------|------------|------------|------------|-------------|------------- --------------| |Net movement in funds|(160,655)|34,667|(130,549)|(256,537)|(158,016)|9,485|74,692|(73,839)| |------------|------------|------------|------------|------------|-------------|------------|------------| |Reconciliation of funds:| |Total funds brought forward|16|1,009,060|1,365,180|768,944|3,143,184|1,167,076|1,355,695|694,252|3,217,023| |-------------|------------|-------------|------------ --------------|-------------|------------- --------------| |Total funds carried forward|16|848,405|1,399,847|638,395|2,886,647|1,009,060|1,365,180|768,944|3,143,184| |========|======= ======== ======== ======== ======== ======== ========|

----- End of picture text -----

All activities derive from continuing activities. The notes on pages 26 to 39 form part of these financial statements.

23

ROYAL BRITISH LEGION SCOTLAND (SCIO) BALANCE SHEET

As at 31 October 2025

----- Start of picture text -----
|||||| |---|---|---|---|---| |Notes|2025|2024| |(Restated)| |£|£| |Fixed Assets| |Investments|12|1,469,487|1,739,539| |-------------|-------------| |1,469,487|1,739,539| |Current Assets| |Debtors|13|41,256|104,299| |Bank and cash|1,455,146|1,392,358| |------------|------------| |1,496,402|1,496,657| |Creditors:|amount falling due within one year|14|(79,242)|(93,012)| |------------|------------| |Net Current Assets|1,417,160|1,403,645| |-------------|-------------| |Total Assets Less Current Liabilities|2,886,647|3,143,184| |========|========| |Funds| |General funds|16|848,405|1,009,060| |Designated funds|16|1,399,847|1,365,180| |Restricted funds|16|638,395|768,944| |-------------|--------------| |2,886,647|3,143,184| |======== =========|

----- End of picture text -----

These financial statements were approved by the National Executive Committee and signed on their behalf by:

David Boe National Chairman

Trustee

Dated: 6 May 2026

The notes on pages 26 to 39 form part of these financial statements

24

ROYAL BRITISH LEGION SCOTLAND (SCIO) STATEMENT OF CASH FLOWS

For the year ended 31 October 2025

----- Start of picture text -----
||||| |---|---|---|---| |Notes|2025|2024| |(Restated)| |£|£| |Cash (used in)/provided by operating activities|20|(383,694)|(376,707)| |Cash flows from investing activities| |Dividends and bank interest from investments|43,658|49,120| |Proceeds from sale of investments|631,500|537,126| |Purchase of investments|(217,886)|(278,441)| |Movement in cash held in investments|(10,790)|(17,837)| |-------------|-------------| |Cash provided by investing activities|446,482|289,968| |-------------|-------------| |Change in cash and cash equivalents|62,788|(86,739)| |Cash and cash equivalents at the beginning of the year|1,392,358|1,479,097| |-------------|-------------| |Cash and cash equivalents at the end of the year|1,455,146|1,392,358| |======== ========| |Analysis of Changes in Net Debt|

----- End of picture text -----

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Non-Cash|Changes| |Cash|Finance|Other| |2024|Flow|Leases|Changes|2025| |£|£|£|£|£| |Cash and cash equivalents|1,392,358|62,788|-|-|1,455,146| |-------------|-------------|-------------|-------------|-------------| |Total net debt|1,392,358|62,788|-|-|1,455,146| |======== ======== ======== ======== ========|

----- End of picture text -----

Accounting Standards require the Cash Flow Statement to be accompanied by an 'Analysis of Changes in Net Debt'. 'Net Debt' means debt finance less cash. The SCIO had no debt finance during 2025 or 2024 and therefore its net debt is simply the negative of its cash balances. Accordingly, the change in net debt is apparent from the Statement of Cash Flows.

The notes on pages 26 to 39 form part of these financial statements

25

ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

1. Accounting policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis of accounting except investments which are carried at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

Royal British Legion Scotland is a Scottish Charitable Incorporated Organisation (SCIO) and constitutes a public benefit entity as defined by FRS 102. The address of the registered office and charity registration number are given on page 2. The principal activities of the charity are discussed in the trustees’ report.

Going concern

The financial statements have been prepared on a going concern basis. The Trustees are aware of uncertainties that may cast doubt upon the entity’s ability to continue as a going concern. However, the Trustees have taken comfort from the Charity’s reserve base as part of their assessment of the Charity’s ability to continue as a going concern. The trustees have reasonable expectation that the Charity has adequate resources to remain in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing these financial statements.

Consolidated of Area and Branches

These financial statements relate to a consolidation of both the Head Office and the Branches and Areas which do not have individual charitable status and therefore report under the main charity SCIO, which exists to implement the policies of the National Board of Trustees that are promulgated annually at conference by Legion Scotland members. The remaining Areas and branches of Legion Scotland who have independent charitable status operate on an autonomous basis and carry out varying levels of activity within the constitution framework and are managed by elected committees.

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income, and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Legacies

Legacies are credited to the Statement of Financial Activities in the year in which they are receivable, which is when the charity becomes entitled to the income, it is probable that it will be received, and the amount can be measured reliably.

Trading income

Income generated by sales of Legion Scotland accessories from the Legion shop is recognised by the raising of an invoice at the point of sale.

Capitation Fees

Capitation fees are credited to the Statement of Financial Activities in the year in which membership relates.

26

ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

1. Accounting policies (continued)

Income from investments

Dividends and interest are credited or debited to the Statement of Financial Activities in the year which they are received. Income from investments includes any recoverable tax or script dividends.

Donations and grants

Donations and grants are recognised in the year in which they are received or receivable, whichever is the earlier unless they relate to a future period in which case they are deferred.

Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Costs of raising funds are those costs incurred in attracting voluntary income and those incurred in trading activities that raise funds. Charitable activities comprise those costs incurred by the charity in the delivery of its operations and services for its members. Governance costs include those costs associated with meeting constitutional and statutory requirements and include the audit fees and costs linked to the strategic management of the charity.

Cost allocation

General administrative and support staff and overhead costs have been allocated across the various areas of activity by staff time involved in supporting the respective areas of operation.

Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The charity does not acquire put options, derivatives or other complex financial instruments.

The primary form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to broader economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub-sectors.

Realised / Unrealised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year-end and opening market value (or purchase date if later). Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

Significant judgements and estimation uncertainty

In the application of the charity’s accounting policies, the trustees are required to make decisions, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. As the estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant,

27

ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

1. Accounting policies (continued)

actual results may differ from these estimates. The views and underlying assumptions are reviewed on an ongoing basis.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

i) Impairment of debtors

The charity estimates the recoverable value of trade and other debtors. When assessing impairment of business and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See note 13 for carrying the amount of debtors.

Management and administration

The Royal British Legion Scotland (Legion Scotland) operates a cost-sharing policy with Poppyscotland, whereby certain administrative expenses relating to Head Office support costs incurred are shared on an agreed basis. The principal contact address of this separately registered, connected charity is the same as for The Royal British Legion Scotland.

Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any discounts owing.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settling the debt can be measured or estimated reliably. Creditors are recognised at their settlement amount after allowing for any trade discounts owing.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as primary financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Fund accounting

Restricted funds are used for specified purposes laid down by the donor. Unrestricted funds are donations, and other incoming resources received or generated for expenditure on the general objectives of the charity. Designated funds are unrestricted funds which have been designated for specific purposes by the trustees.

Further details of each fund are disclosed in note 16.

28

ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted Designated Restricted|Total|Total| |2.|Donations and legacies|2025|2025|2025|2025|2024| |£|£|£|£|£| |Grants|-|-|220,248|220,248|272,147| |Donations|60,612|131,000|12,240|203,852|122,968| |Legacies|31,224|-|-|31,224|51,759| |-------------|-------------|-------------|------------- -----------| |91,836|131,000|232,488|455,324|446,874| |======== ======== ======== ========|=======| |Unrestricted Designated|Total|Total| |3.|Other trading activities|2025|2025|2025|2024| |£|£| |Fundraising lotteries|2,298|-|2,298|2,326| |Income from trading|22,268|17,018|39,286|21,818| |------------- --------------|------------- --------------| |24,566|17,018|41,584|24,144| |======== ======== ======== ========| |4.|Investments|Unrestricted Designated|Total|Total| |2025|2025|2025|2024| |£|£|£|£| |Income from listed investments|23,694|18,669|42,363|47,956| |Bank interest|1,295|-|1,295|1,164| |------------- --------------|------------- --------------| |24,989|18,669|43,658|49,120| |======== ======== ======== ========| |5.|Income from charitable activities|Unrestricted Designated|Total|Total| |2025|2025|2025|2024| |£|£|£|£| |Capitation fees|299,190|-|299,190|309,255| |Branches charitable activities|-|165,531|165,531|221,095| |------------- --------------|------------- --------------| |299,190|165,531|464,721|530,350| |======== ========= ======== =========| |6.|Raising funds|Unrestricted Designated|Total|Total| |2025|2025|2025|2024| |£|£|£|£| |Fundraising activities|-|45,416|45,416|56,941| |Investment management|10,480|-|10,480|-| |------------- --------------|------------- --------------| |10,480|45,416|55,896|56,941| |Allocation of support costs (see note 9)|34,166|-|34,166|31,097| |------------- --------------|------------- --------------| |44,646|45,416|90,062|88,038| |======== ======== ======== ========|

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29

ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |7.|Expenditure on charitable activities|Unrestricted Designated Restricted|2025|2024| |(Restated)| |£|£|£|£|£| |Membership services NBT|17,739|-|-|17,739|12,943| |Conference|15,144|-|-|15,144|21,342| |Disablement Pensions advice and appeals|-|-|80,579|80,579|74,990| |Area grants and capitation refunds|101,856|-|132,343|234,199|99,246| |Legion Scotland Today Magazine|80,830|-|-|80,830|94,587| |Support Services|2,771|-|184,712|187,483|213,320| |Governance Costs (see note 8)|73,140|-|-|73,140|100,558| |Branch charitable activities|-|262,135|-|262,135|269,200| |Events|6,865|-|-|6,865|6,544| |-------------- -------------- --------------|------------- --------------| |298,345|262,135|397,634|958,114|892,730| |Allocation of support costs (see note 9)|346,419|-|-|346,419|360,609| |-------------|-------------|-------------|------------- --------------| |644,764|262,135|397,634|1,304,533|1,253,339| |======== ======== ======== ======== ========| |2024 (restated)|709,157|269,200|274,982|1,253,339| |======== ======== ======== ========| |8.|Governance costs|2025|2024| |£|£| |Audit and accounting fee|15,900|15,000| |Allocation of support costs (see note 9)|57,240|85,558| |-------------- --------------| |73,140|100,558| |======== =========|

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----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Govern-| |Raising Charitable|ance|Total| |Funds|Activities|Costs Allocation| |9.|Allocation of support costs|2025|2025|2025|2025| |£|£|£|£| |Management|25,580|278,803|33,091|337,474| |Administration|3,669|61,292|19,231|84,192| |Finance, IT and marketing|4,917|6,324|4,918|16,159| |------------|------------|------------|------------| |34,166|346,419|57,240|437,825| |=======|=======|=======|=======| |Govern| |Raising Charitable|ance|Total| |Funds|Activities|Costs Allocation| |2024|2024|2024|2024| |£|£|£|£| |Management|23,657|259,990|32,585|316,232| |Administration|3,698|95,549|49,232|148,479| |Finance, IT and marketing|3,742|5,070|3,741|12,553| |------------|------------|------------|------------| |31,097|360,609|85,558|477,264| |=======|=======|=======|=======|

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General support and overhead costs have been allocated across the core financial functions by time assigned to the respective areas of activity.

30

ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

10. Trustee remuneration

The charity considers its key management personnel comprise the National Board of Trustees, the Chief Executive Officer and the National Treasurer. The total employee benefits of the key management personnel of the charity during the year were £68,164 this includes pension costs (2024: £58,740). Eight members of the National Board of Trustees have been reimbursed for travel and subsistence expenses incurred on representative and committee business (2024: ten members). These costs amounted to £18,029 (2024: £12,943). No Trustee was received any remuneration during the current or prior year other than the above reimbursement for travel and subsistence expenses.

11. Staff costs

----- Start of picture text -----
||||| |---|---|---|---| |11.|Staff costs|2025|2024| |£|£| |Wages and salaries|491,525|504,649| |Social security costs|52,320|43,764| |Pension costs|21,465|21,357| |-------------- --------------| |565,310|569,770| |======== ========|

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This includes the Area Secretaries costs which are re-charged monthly totaling £50,617 (2024: £63,281). The Legion also received funding from Poppyscotland for the Pension Department salaries which totaled £76,675 (2024: £72,974). The Veterans community support Co-Ordinator’s salaries were also funded to the amount of £114,920 (2024: £104,649)

The total salaries for Legion Scotland amounted to £323,098 (2023: £328,866).

Head office Staff

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |No.|No.| |Administration – full time|10|10| |Administration – part time|1|1| |------------|------------| |11|11|

----- End of picture text -----

No member of staff received emoluments in excess of £60,000.

In addition to the head office staff noted above, there are also 5 (2024: 5) VCSS Co-Ordinators and 5 (2024: 5) Area Secretaries.

----- Start of picture text -----
|||||| |---|---|---|---|---| |12. Investments|Unrestricted Restricted|2025|2024| |£|£|£|£| |Market value at 1 November 2024|1,032,318|707,221|1,739,539|1,763,337| |Additions|115,174|102,713|217,887|278,440| |Disposals at opening market value|(367,366)|(247,175)|(614,541)|(467,336)| |Unrealised gain/(losses)|75,209|40,603|115,812|165,098| |Movement in cash|4,678|6,112|10,790|-| |-------------- -------------- -------------- ---------------| |Market value at 31 October 2025|860,013|609,474|1,469,487|1,739,539|

----- End of picture text -----

========= ========= ========= =========

31

ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

12.
Investments (contd)		 Unrestricted Restricted Unrestricted Restricted 2025 2024
£ £ £ £
Investment categories:
UK listed securities 852,002 600,122 1,452,124 1,732,966
Cash 8,011 9,352 17,363 6,573
-------------- -------------- -------------- ---------------
860,013 609,474 1,469,487 1,739,539
======== ======== ======== ========
Historical cost 699,498 545,705 1,245,203 1,354,121
======== ======== ======== ========
13. Debtors 2025 2024
£ £
Amounts due by Areas, Branches and Clubs 19,956 41,519
Other debtors 5,475 19,830
Prepayments 15,825 42,950
-------------- --------------
41,256 104,299
======== ========
14. Creditors:amounts falling due within one year 2025 2024
£ £
Investments dividends due to branches 18,107 21,028
Other taxes and social security 12,863 12,063
Other creditors and accrued charges 48,272 59,921
------------- -------------
79,242 93,012
======== ========
15.
Operating leases		 2025 2024
£ £
Total future minimum lease payments under non-cancellable operating leases are
as follows:
Not later than one year 4,224 22,765
Later than one year and not later than five years 10,959 10,719
------------- -------------
15,183 33,484
======== ========

32

ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |16.|Funds|Opening|Closing| |Balance as|Gains/|Balance as| |At|Losses|at| |November|Expend- on invest-|October| |2024|Income|iture|ments|Transfers|2025| |(Restated)| |£|£|£|£|£|£| |Unrestricted Fund| |General Fund|1,009,060|440,581|(689,410)|88,174|-|848,405| |Designated Funds|1,365,180|332,218|(307,551)|-|10,000|1,399,847| |-------------|-------------|-------------|-------------|-------------|-------------| |2,374,240|772,799|(996,961)|88,174|10,000|2,248,252| |======== ======== ======== ======== ======== ========|

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Unrestricted Funds

The unrestricted funds represent the funds that the Trustees are free to use in accordance with the charitable objectives.

Designated Funds

The designated funds represent the assets held within the branches. See note 18 for further detail.

Restricted Funds

These are donations received relating to specific projects. A description of each restricted fund is given in this note.

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Opening|Closing| |Balance as|Gains/|Balance as| |At|Losses|at| |November|Expend- on invest-|October| |2024|Income|iture|ments|Transfers|2025| |£|£|£|£|£|£| |Restricted Funds| |Ex Service Community Support Fund|38,581|925|(5,379)|-|-|34,127| |Poppyscotland|-|80,579|(80,579)|-|-|-| |Aged Veterans Fund|8,689|111,751|(144,772)|-|-|(24,332)| |Veterans Community Support|1,276|5,000|(941)|-|-|5,335| |WW2 Commemorations|13,177|34,233|(33,620)|-|-|13,790| |Branch Investment Funds| |Kirkcaldy|56,705|-|-|4,497|-|61,202| |Beauly|102,288|-|-|8,113|-|110,401| |Invergordon|14,831|-|-|1,176|-|16,007| |Glenrothes|82,291|-|-|6,527|-|88,818| |Glasgow, Ayrshire & Dumfries &| |Galloway Area|106,730|-|-|8,465|-|115,195| |Eyemouth|139,783|-|-|10,293|(10,000)|140,076| |Annan|132,533|-|(132,343)|(190)|-|-| |Duns|34,290|-|-|2,720|-|37,010| |Melrose|7,466|-|-|592|-|8,058| |Creich & Kincardine|3,238|-|-|257|-|3,495| |New Deer|16,771|-|-|1,330|-|18,101| |Highlands and Islands Area|10,295|-|-|817|-|11,112| |-------------|-------------|-------------|-------------|-------------|-------------| |768,944|232,488|(397,634)|44,597|(10,000)|638,395| |======== ======== ======== ======== ======== ========|

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33

ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

16. Funds (cont’d)

Ex-Service Community Support Fund

The “Ex-Service Community Support Fund” is a restricted fund open to all veterans irrespective of whether they are members of Legion Scotland or not.

Poppyscotland

In recognition of the work undertaken by the Disablement Pensions Appeals Service in support of pension claims and appeals by prospective and existing ex-service personnel, Poppyscotland cover the cost of this department and will continue to do so. A discretionary grant has also been agreed towards the Veterans Community Support Department.

Aged Veterans Fund

This is a restricted fund implemented with a grant from the Unforgotten Forces Consortium which was established in 2017 with an initial three-year grant of £4 million for partners within the Consortium. This made possible a range of new services, and enhancements to existing services, to better meet the health and wellbeing needs of veterans in Scotland age 60 and older. Currently the Unforgotten Forces collaboration continues with funding from Scottish Government which runs up to and including March 2026. There are currently 16 organisations collaborating as part of the Unforgotten Forces Consortium, of which Royal British Legion Scotland is one.

Raina Haig

A restricted fund set up to meet the expenses of the Women’s Section President. Legion Scotland is assisting with the management of this fund.

WW2 Commemorations

This fund was originally set up with funding from Scottish to support our commemorative WW2 programme of events, specifically the national D-Day 80th Anniversary, with a further payment for the VE Day and VJ Day 80th Commemorations. The balance in this fund is from income from the 2024/2025 events and will be retained to support the delivery of the first National Festival of Remembrance in 2026.

Veterans Community Support Service - Annual Pilgrimage 2024

In this financial year we have received funding from The John Scott Charitable Trust for Pilgrimage activity in 2024/2025. A further grant of £7,500 has been received in this financial year from the Officers Association Scotland, which is to be retained for a Pilgrimage in 2026.

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ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

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|||||||| |---|---|---|---|---|---|---| |Fixed|Net| |Assets|Current| |17. Analysis of net assets between funds 2025|Investments|Assets|Total| |£|£|£| |Restricted|609,474|28,921|638,395| |Unrestricted|860,013|(11,608)|848,405| |Designated|-|1,399,847|1,399,847| |-------------|------------|-------------| |1,469,487|1,417,160|2,886,647| |========|======= ========| |Tangible|Net| |Fixed|Current| |Analysis of net assets between funds 2024|Assets|Assets|Total| |(Restated) (Restated)| |£|£|£| |Restricted|707,221|61,723|768,944| |Unrestricted|1,032,318|(23,258) 1,009,060| |Designated|-|1,665,811|1,665,811| |-------------|------------|-------------| |1,739,539|1,704,276|3,443,815| |========|======= ========| |18.|Analysis of designated funds| |Opening|Closing| |Balance|Gains/|Balance| |as at|Losses|as at| |November|Expend- on invest-|October| |Branch|2024|Income|iture|ments|Transfers|2025| |(Restated)| |£|£|£|£|£|£| |Riders|40,361|1,471|-|-|-|41,832| |Ellon & District|63,641|38,260|(29,513)|-|-|72,388| |Kincardine O’Neil|2,128|-|(2,128)|-|-|-| |Angus & Perthshire Area|16,628|18,387|(6,469)|-|-|28,546| |Alyth|3,443|1,052|(1,432)|-|-|3,063| |City of Dundee|1,885|-|(1,885)|-|-|-| |Dunblane|1,850|2,086|(2,093)|-|-|1,843| |Montrose|150,428|18,292|(15,441)|-|-|153,279| |St Andrews|4,124|357|(202)|-|-|4,279| |Stirling|4,965|261|-|-|-|5,226| |Bathgate|6,508|10,098|(9,111)|-|-|7,495| |Edinburgh HQ|6,936|2,188|(2,645)|-|-|6,479| |Livingston|2,471|2,124|(2,134)|-|-|2,461| |Melrose|2,215|-|(111)|-|-|2,104| |Newbattle & Gorebridge|118|19|-|-|-|137| |Bridge of Weir|59,532|-|(5,344)|-|-|54,188| |Cambuslang|69|-|-|-|-|69| |Dalbeattie|79,704|25,919|(19,424)|-|-|86,199| |Easdale|3,847|4,215|(4,850)|-|-|3,212| |-------------|-------------|------------- --------------|-------------|-------------| |Carried over|450,853|124,729|(102,782)|-|-|472,800| |-------------|-------------|------------- --------------|-------------|-------------|

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ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

18. Analysis of designated funds (continued)

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|||||||| |---|---|---|---|---|---|---| |Opening|Closing| |Balance|Gains/|Balance| |as at|Losses|as at| |November|Expend- on invest-|October| |Branch|2024|Income|iture|ments|Transfers|2025| |(Restated)| |£|£|£|£|£|£| |Brought over|450,853|124,729|(102,782)|-|-|472,800| |Moffat|3,420|1,781|(2,025)|-|-|3,176| |Monkton & Prestwick, including Ayr|6,225|970|(1,041)|-|-|6,154| |Creich & Kincardine|211|1,548|(1,480)|-|-|279| |Isle of Bute|4,016|-|-|-|-|4,016| |Longside|1,192|262|-|-|-|1,454| |Forfar|249,974|63,389|(62,709)|-|-|250,654| |Troon|951|-|-|-|-|951| |Duns|3,019|3,788|(3,501)|-|-|3,306| |Hawick|4,887|3,391|(3,710)|-|-|4,568| |Cupar|16,906|3,110|(1,522)|-|-|18,494| |Fort William|16,841|6,271|(4,539)|-|-|18,573| |Methlick|2,520|-|(345)|-|-|2,175| |Campbeltown|3,517|4,311|(4,724)|-|-|3,104| |Callander|2,831|1,065|(514)|-|-|3,382| |Dumfries & Maxwelltown|5,440|-|-|-|-|5,440| |Blairgowrie|131,434|-|(1,531)|-|-|129,903| |Tayport|1,652|1,765|(1,870)|-|-|1,547| |Linburn|1,133|-|(1,133)|-|-|-| |Eyemouth|1,435|3,648|(11,520)|-|10,000|3,563| |Highlands & Islands Area|100,549|32,020|(21,744)|-|-|110,825| |Dunbar|25,244|21,322|(30,443)|-|-|16,123| |Beauly|4,813|480|-|-|-|5,293| |Helensburgh|7,351|469|-|-|-|7,820| |Arbroath|233,141|-|-|-|-|233,141| |Tain|14,650|2,502|(2,990)|-|-|14,162| |Aberdeen|70,975|33,277|(40,280)|-|-|63,972| |New Deer|-|22,120|(7,148)|-|-|14,972| |-------------|-------------|------------- --------------|-------------|-------------| |1,365,180|332,218|(307,551)|-|10,000|1,399,847| |======== ======== ======== ======== ======== ========|

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ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

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||||||||| |---|---|---|---|---|---|---|---| |Opening|Closing| |Balance|Gains/|Balance| |as at|losses|as at| |November|Expend- on invest-|October| |19.|Prior year designated funds|2023|Income|iture|ments|Transfers|2024| |(Restated)|(Restated)|(Restated)| |£|£|£|£|£|£| |Riders|28,728|28,839|(17,206)|-|-|40,361| |Ellon & District|49,801|13,839|-|-|-|63,640| |Kincardine O’Neil|2,566|220|(659)|-|-|2,127| |Angus & Perthshire Area|18,052|12,259|(13,683)|-|-|16,628| |Alyth|3,634|534|(725)|3,443| |City of Dundee|1,885|-|-|-|-|1,885| |Dunblane|1,823|1,795|(1,768)|-|-|1,850| |Montrose|148,368|16,650|(14,590)|-|-|150,428| |St Andrews|3,959|363|(199)|-|-|4,123| |Stirling|4,785|180|-|-|-|4,965| |Bathgate|6,240|10,591|(10,323)|-|-|6,508| |Edinburgh HQ|8,543|5,070|(6,677)|-|-|6,936| |Livingston|559|3,474|(1,562)|-|-|2,471| |Melrose|2,064|686|(535)|-|-|2,215| |Newbattle & Gorebridge|155|263|(300)|-|-|118| |Bridge of Weir|59,191|341|-|-|-|59,532| |Cambuslang|70|195|(196)|-|-|69| |Dalbeattie|79,850|17,340|(17,486)|-|-|79,704| |Easdale|5,853|2,579|(4,585)|-|- 3,847| |Moffat|4,224|967|(1,771)|-|-|3,420| |Monkton & Prestwick, including Ayr|6,643|1,272|(1,690)|-|-|6,225| |Creich & Kincardine|1,271|1,407|(2,467)|-|-|211| |Isle of Bute|7,031|5,849|(8,864)|-|-|4,016| |Longside|1,400|-|(208)|-|-|1,192| |Forfar|238,356|49,180|(37,562)|-|-|249,974| |Troon|3,486|2,785|(5,320)|-|-|951| |Duns|2,759|4,609|(4,349)|-|-|3,019| |Hawick|4,931|2,710|(2,754)|-|-|4,887| |Cupar|17,319|835|(1,248)|-|-|16,906| |Fort William|16,958|7,292|(7,409)|-|-|16,841| |Methlick|2,320|3,092|(2,892)|-|-|2,520| |Campbeltown|3,061|4,493|(4,037)|-|-|3,517| |Callander|3,632|583|(1,384)|-|-|2,831| |Dumfries & Maxwelltown|3,442|4,650|(2,652)|-|-|5,440| |Blairgowrie|126,847|21,660|(17,073)|-|-|131,434| |Tayport|1,151|4,242|(3,741)|-|-|1,652| |Linburn|7,694|-|(6,561)|-|-|1,133| |Eyemouth|1,473|7,878|(7,916)|-|-|1,435| |Highlands & Islands Area|96,491|40,699|(36,641)|-|-|100,549| |Dunbar|32,999|12,443|(20,198)|-|-|25,244| |Beauly|20,334|4,518|(20,039)|-|-|4,813| |Helensburgh|7,143|208|-|-|-|7,351| |Arbroath|233,141|-|-|-|-|233,141| |Tain|14,362|3,176|(2,888)|-|-|14,650| |Aberdeen|71,098|35,860|(35,983)|-|-|70,975| |-------------|-------------|------------- --------------|------------- -------------| |1,355,695|335,626 (326,141) - - 1,365,180| |======== ======== ======== ======== ======== ========|

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ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

20. Reconciliation of net movement in funds to net cash flow from operating activities

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |(Restated)| |£|£| |Net movement in funds|(256,537)|(60,924)| |Deduct interest income shown in investing activities|(43,658)|(32,132)| |Deduct gains/add back losses on investments|(132,771)|(217,050)| |(Increase)/decrease in debtors|63,043|(26,461)| |(Decrease)/increase in creditors|(13,771)|(10,237)| |-----------|-----------| |Net cash (used in)/provided by operating activities|(383,694)|(346,804)| |=======|=======| |Opening|Closing| |Balance|Gains|Balance| |as at|Losses|as at| |November|Expend- on Invest-|October| |21.|Prior year Restricted funds|2023|Income|iture|ments|Transfers|2024| |£|£|£|£|£|£| |Restricted Funds| |Ex Service Community Support Fund|44,791|200|(6,410)|-|-|38,581| |Poppyscotland|74,990|(74,990)|-|-|-| |Aged Veterans Fund|17,493|142,907|(151,711)|-|-|8,689| |Raina Haig|2,274|-|(2,274)|-|-|-| |Veterans Community Support|-|12,000|(10,724)|-|-|1,276| |WW2 Commemorations|-|42,054|(28,877)|-|-|13,177| |Branch Investment Funds| |Kirkcaldy|51,009|-|-|5,696|56,705| |Beauly|92,196|-|-|10,092|-|102,288| |Invergordon|13,341|-|-|1,490|-|14,831| |Glenrothes|75,824|-|-|6,467|-|82,291| |Glasgow, Ayrshire & Dumfries &| |Galloway Area|96,273|-|-|10,457|-|106,730| |Eyemouth|126,005|-|-|13,778|-|139,783| |Annan|119,484|-|-|13,049|-|132,533| |Duns|30,846|-|-|3,444|-|34,290| |Melrose|6,716|-|-|750|-|7,466| |Creich & Kincardine|2,913|-|-|325|-|3,238| |New Deer|15,087|-|-|1,684|-|16,771| |Highlands and Islands Area|-|-|-|10,295|-|10,295| |-------------|-------------|-------------|-------------|-------------|-------------| |694,252|272,151|(274,986)|77,527|-|768,944| |======== ======== ======== ======== ======== ========|

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38

ROYAL BRITISH LEGION SCOTLAND (SCIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

22. Prior period restatement

It was identified during the current year that the value of investments of some branches had been included in the bank and cash figures for numerous years, resulting in the investments being double counted as current assets and non-current assets. On investigation it was apparent that this had been occurring for a number of years, and the opening reserves on designated funds had been incorrect. The follow adjustments were made to the prior years indicated.

For the year ended 31 October 2023 Original balance Adjustment New balance
Bank and Cash 1,766,813 (287,716) 1,479,097
Designated funds (1,643,411) 287,716 (1,355,695)
For the year ended 31 October 2024 Original balance Adjustment New balance
Bank and Cash 1,692,989 (300,631) 1,392,358
Designated funds (1,665,811) 300,631 (1,365,180)

The £12,915 difference in adjustments was put through the designated funds expenditure on charitable activities in the financial year to 31 October 2024.

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