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2026-03-31-accounts

Jordanhill School Educational Amenities Trust Fund

Report and Financial Statements

For the year ended 31 March 2026

Charity number: SC005743

Jordanhill School Educational Amenities Trust Fund

Contents

Page
Charity Information 1
Trustees' Annual Report 2 - 7
Independent Auditors' Report 8 - 11
Statement of Financial Activities 12
Balance Sheet 13
Statement of Cash Flows 14
Notes to the Financial Statements 15 - 26

Jordanhill School Educational Amenities Trust Fund

Legal and Administrative Information

Charity name Jordanhill School Educational Amenities Trust Fund
Charity registration SC005743
number
Trustees Mr John Anderson Convener
Mr Ewen White Board Representative
Mr Andrew Tinkler Board Representative
Ms Wendy Grant Staff Representative
Ms Nicola Stoddart Staff Representative
Ms Annie Ritchie Staff Representative
Mr Stewart Munro PTA Representative
Principal office Jordanhill School Educational Amenities Trust Fund
45 Chamberlain Road
Glasgow
G13 1SP
Auditors TC Group
Business Advisors & Accountants
7th Floor
180 St Vincent St
Glasgow
G2 5SG

Page 1

Jordanhill School Educational Amenities Trust Fund

Trustees' Annual Report for the year ended 31 March 2026

The Trustees present their report and the financial statements of charity for the year ended 31 March 2026.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s Trust Deed, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).

Trustees

The Trustees serving during the year and since the year end are detailed on page 1.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Trust was established by a charitable Trust Deed in March 1991. The organisation is a Scottish Charity, number SC005743.

Appointment of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust Deed.

Trustees' Induction and Training

All Trustees are briefed by the Convenor prior to taking up their position. The Trust will continue to update its policies relating to induction and training to comply with guidelines and recommendations from the Office of the Scottish Charity Regulator.

Organisational Structure

The Trust has seven Trustees, comprising:

The said nominating bodies are entitled to alter nominations at any time. The Trustees appoint special advisers as necessary to support the activities of the Trust.

The charity is run by unpaid Non-Executive Trustees and staff of Jordanhill School. To facilitate effective operations, the Trustees have delegated authority for operational matters, including finance.

Taxation

The charity is exempt from tax on its charitable activities under Sections 524 to 537 of the Income Tax Act 2007.

Management

Key management personnel are deemed to be the Trustees. The Trust does not employ any staff. None of the Trustees are remunerated for their work on behalf of the Trust.

Page 2

Jordanhill School Educational Amenities Trust Fund

Trustees' Annual Report for the year ended 31 March 2025

The Trustees seek to follow the good practice 'Charity Trustees Guide' issued by ICSA. The skills and composition of the Trustee body and succession planning continue to be reviewed regularly and, where needed, consideration is given to recruit new Trustee(s) to the charity for their experience, empathy and knowledge. The Trustees have also developed a code of conduct for Trustees including formal statements of roles and responsibilities and provision for Trustee training.

Related Parties

The Trust has a close relationship with Jordanhill School.

Full details of transactions between Jordanhill School Educational Amenities Trust Fund and its related parties are provided in the Financial Statements (Note 24).

Risk Management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity. The systems and procedures in place are subject to the same stringent operational checks as those for Jordanhill School. The Trustees are satisfied that these mitigate exposure to major risks.

The Trustees have invested a significant proportion of the remaining Bonnyman Scholarship endowment along with some of the Trust’s reserves. This is a 5-10-year investment targeting a balance between income and capital growth. The strategy is designed to avoid a situation where the Trust has to draw upon the capital reserves in an unplanned way. The purpose of the investment is two-fold:

As part of this exercise the Trustees undertook an assessment of their appetite for risk in the investment strategy. A low-medium risk approach has been adopted consistent with the above aspirations.

OBJECTIVES AND ACTIVITIES

The objects of the Trust are:

To promote, further or support all or any activities of Jordanhill School, being an organisation recognised by HM Revenue and Customs as having charitable purposes engaged in the advancement of education;

and to assist the work and strategic objectives of Jordanhill School engaged in the advancement of education and provision of educational amenities of all kinds including, but not limited to:

Specifically, the Trust makes a large number of grants to support sports, music and a wide range of cocurricular activities throughout Primary and Secondary.

Page 3

Jordanhill School Educational Amenities Trust Fund

Trustees' Annual Report for the year ended 31 March 2026

The Trust also acts as a “school fund” for the effective management of funds held for the purposes of school trips and other activities separate from those funded by the School’s grant allocation from the Scottish Government.

The Trust does not fund any of the core educational functions of the School. That is, it will not provide funding beyond or as a substitute for the Annual Recurrent Grant provided to the School by the Scottish Government.

Achievements and Performance

In 2025-26 a spectrum of awards was made, covering activities such as music, sports, transport, equipment, pupil events and benevolent purposes.

The Laurance David Wellwood Scott endowment provide bursaries to former pupils of Jordanhill School who are accepted into the third year of medicine. Five grants were awarded in 2025-26.

The Tayyab Family endowment offered financial support to individual pupils of excellence taking part in competitions and/or courses, five awards were made in 2025-26.

The Linda and Gordon Bonnyman endowment provides scholarships to former pupils of Jordanhill School undertaking post-graduate study at an elite university in the United States. No grants were awarded in 2025-26.

FINANCIAL REVIEW

Principal Sources of Income

In its capacity as a ‘school fund’ the activities managed through the Trust are designed to break even. No net income is anticipated from school trips, excursions and similar activities. No net income arises, and no charges are set in relation to managing the school’s fund-raising activities for other charities. A small number of activities generate modest surpluses on an annual basis notably photographs and concerts.

In January 2017 the Trustees agreed to fund the creation of a Development Office for an initial period of 5 years, and further extended this funding for 5 years from 2022. The journey was interrupted and work ceased during the coronavirus pandemic (2020-2022) and a new appointment for the Director of Development was made in August 2022. The Trustees in partnership with the Board of Managers of the School agreed a development strategy which was launched with the school community in April 2018 and a philanthropic campaign 'Striving Higher' was launched at Jordanhill School’s AGM in 2018. This development strategy continued to evolve in 2025-26 and 'Striving Higher' continues. Further information can be found on the Development and 'Support Striving Higher' page on Jordanhill School’s web site.

At end of 2025-26, voluntary and other income of £57,491 was secured through regular giving from parents and friends of the school, inclusive of gift aid (2025: £40,213).

Further income arises from one-off donations, legacies, interest on bank deposits and interest on investments. In 2025-26 the Trust received no legacy income (2024-25 no legacy income).

Page 4

Jordanhill School Educational Amenities Trust Fund

Trustees' Annual Report for the year ended 31 March 2026

Results for the year

The Trust has reported a net surplus for the year of £228,931 (2025: £115,398). Income for the year increased to £833,314 (2025: £762,259). Net assets for the Trust were £2,025,833 (2025: £1,796,902).

The Millennium Fund has been accrued by the School since 2000 with a view to supporting major projects.

The funds held by the Trust are sufficient to sustain current levels of expenditure over several years even if income was to fall markedly. The Trustees monitor income and expenditure over a 5-year period as the level of grants awarded fluctuates substantially on a year-to-year basis. For example, grants for music making activities and extra-curricular sports activities are typically made on a biennial basis following consideration of a detailed submission covering all projected activities. This encourages longer-term planning and accountability by the end user.

Reserves policy

It is the policy of the Trust that Unrestricted Funds which have not been designated for a specific use should be maintained at a minimum level of £40,000 per annum (equivalent to 12 months of grants payable). The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Unrestricted General Funds currently total £792,223 (2025: £709,691). This equates to approximately twenty times the typical annual level of grants payable by the General Fund.

PLANS FOR FUTURE PERIODS

Jordanhill School continues to offer a range a extra curricular activities to pupils in both primary and secondary school; the Educational Amenities Trust Fund will continue to offer financial support to these activities. The focus of the Development Office in the coming years is to grow the number of families donating to Striving Higher on a monthly basis and nurture relationships with current parents and former pupils to help sustain the financial support offered to the extra curricular activities of the school and future plans to enhance the estate. The 10-year programme sponsored by SWIRE for the teaching of mandarin will cease in 2026.

GRANT MAKING POLICY AND AWARDS

As highlighted under Objectives and Activities above, the Trust does not fund any of the core educational functions of the School. That is, it will not provide funding beyond, or as a substitute for, the Annual Recurrent Grant provided to the School by the Scottish Government.

Grants from the Laurance David Wellwood Scott and the Tayyab Family endowments are made on the basis of the criteria published on the School's web site.

Applications for the Linda and Gordon Bonnyman scholarships are considered by a committee of alumni with suitable backgrounds. The Trustees will normally homologate any recommendation from the committee.

Page 5

Jordanhill School Educational Amenities Trust Fund

Trustees' Annual Report for the year ended 31 March 2026

Applications for grants to support co-curricular activities must be submitted in writing by a member of staff and are considered at the next meeting of the General Purposes Committee or the Trustees. A detailed rationale and financial plan are required for major grants such as the biennial awards to music, sport and the arts.

The management and award of benevolent grants is delegated to the Bursar and is usually made on the basis of the criteria published on the school web site. The Trustees are not privy to the names or circumstances of individual applicants. The Bursar will consult the Convenor as necessary.

MONITORING ACHIEVEMENT

The Trustees review the nature and amount of grants on an ongoing basis and in comparison with previous years.

Direct feedback on grant making comes from individual recipients. Indirect feedback on the impact of the Trust comes through the systematic surveys of parent, staff and pupil perceptions of the school. A major survey of parent perspectives on the funding of co-curricular activities was undertaken early in 2019. We carried out a whole school staff, pupil and parent survey (in 2023) which gave significant feedback on our extra curricular programme on other activities supported by the Trust; this feedback was used to inform Jordanhill School's improvement plans 2024 and 2025.

STATEMENT OF TRUSTEES’ REPSONSIBILITIES

The Trustees are responsible for preparing the Trustees' 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, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's Trust Deed requires the Trustees 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 Trustees are required to:

The Trustees are responsible for keeping proper accounting records which 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 Trust Deed. 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 Trustees are responsible for the maintenance and integrity of the corporate 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.

Page 6

Jordanhill School Educational Amenities Trust Fund

Trustees' Annual Report for the year ended 31 March 2026

Auditors

A resolution proposing TC Group, Business Advisors & Accountants, be reappointed as auditors of the charity will be put to the Annual General Meeting.

This report was approved by the Trustees on 16 June 2026 and signed on their behalf, by

Mr John Anderson, Convenor

Trustee

Page 7

Jordanhill School Educational Amenities Trust Fund

Independent Auditor's Report to the Trustees of Jordanhill School Educational Amenities Trust Fund

Opinion

We have audited the financial statements of Jordanhill School Educational Amenities Trust Fund for the year ended 31 March 2026 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows 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.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the 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.

Page 8

Jordanhill School Educational Amenities Trust Fund

Independent Auditor's Report to the Trustees of Jordanhill School Educational Amenities Trust Fund

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 (as amended) require us to report to you, in our opinion:

Responsibilities of Trustees

As explained more fully in the Statement of Trustees' Reponsibilities (set out in the Trustees' Annual Report), the Trustees are responsible for the preparation of the financial statements and for being satisfied that they 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 intends to liquidate the charity or to cease operations, or has no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Page 9

Jordanhill School Educational Amenities Trust Fund

Independent Auditor's Report to the Trustees of Jordanhill School Educational Amenities Trust Fund

Extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Audit response to risks identified

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Page 10

Jordanhill School Educational Amenities Trust Fund

Independent Auditor's Report to the Trustees of Jordanhill School Educational Amenities Trust Fund

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.

TC Group Business Advisors & Accountants Statutory Auditors Glasgow 17/6/2026

TC Group is eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006.

Page 11

Jordanhill School Educational Amenities Trust Fund

Statement of Financial Activities

for the year ended 31 March 2026

Unrestricted

Notes
Incoming from:
Donations and Legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Raising Funds
6
Charitable activities
7
Total expenditure
Net incoming/(expenditure)
before gains and losses on investment
Gains/(losses) on investments
11
Net incoming/(expenditure)
before transfers between funds
Transfers between Funds
22
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 General
funds
£
57,491
464,234
49,114
28,779
599,618
(35,487)
(577,009)
(612,496)
(12,878)
70,407
57,529
25,003
82,532
709,691
792,223		 Designated
funds
£
-
-
-
-
-
-
-
-
-
-
29,987
29,987
315,579
345,566		 Restricted
2026
funds
Total
£
£
212,792
270,283
-
464,234
-
49,114
20,904
49,683		 2025
Total
£
221,234
437,381
53,316
50,328
233,696
833,314		 762,259
(7,225)
(42,712)
(148,972)
(725,981)		 (39,549)
(598,829)
(156,197)
(768,693)		 (638,378)
77,499
64,621
93,903
164,310		 123,881
(8,483)
171,402
228,931
(54,990)
-		 115,398
-
116,412
228,931
771,632
1,796,902		 115,398
1,681,504
888,044
2,025,833		 1,796,902

The notes on pages 15-26 form an integral part of the financial statements.

Page 12

Jordanhill School Educational Amenities Trust Fund

Balance Sheet for the year ended 31 March 2026

Note
Fixed Assets
Tangible Fixed Assets
13
Investments
14
Current assets
Stock
15
Debtors
16
Cash at bank and in hand
Total Current Assets
Liabilities
Creditors: amounts falling
due within one year
17
Net current assets
Net assets
The Funds of the charity:
Unrestricted funds
General Funds
19
Designated funds
20
Restricted funds
21
Total charity funds		 £
20,093
128,011
730,839
878,943
(306,991)		 2026
£
5,000
1,448,881
1,453,881
571,952
2,025,833
792,223
345,566
888,044
2,025,833		 £
14,284
136,690
615,345
766,319
(230,400)		 2025
£
5,000
1,255,983
1,260,983
535,919
1,796,902
709,691
315,579
771,632
1,796,902

The financial statements were approved and authorised for issue by the Trustees on 16 June 2026 and signed on their behalf, by

Mr John Anderson Trustee

The notes on pages 15-26 form an integral part of the financial statements.

Page 13

Jordanhill School Educational Amenities Trust Fund

Statement of Cash Flows for the year ended 31 March 2026

Notes
Reconciliation of net income/(expenditure) to net
cash flow from operating activities
Net income/(expenditure) (per the Statement of Financial Activities)
Dividends
Investment management
Decrease/(increase) in value of investment stock
Loss/(Gain) on sale of investments
Decrease/(increase) in uniform stock
Decrease/(increase) in centenary stock
Decrease/(increase) in debtors
16
Increase/(decrease) in creditors
17
Net cash (used in)/provided by operating activities
Cash flow statement
Net cash inflow from operating activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents
at the beginning of the reporting period
Cash and cash equivalents
at the end of the reporting period
25		 Total
Funds
2026
£
228,931
(36,577)
12,644
(147,794)
(16,516)
(5,809)
-
4,457
76,158		 Total
Funds
2025
£
115,398
(33,334)
11,606
7,230
1,253
2,508
2,856
(40,606)
41,840
115,494 108,751
115,494 108,751
115,494
615,345		 108,751
506,594
730,839 615,345

The notes on pages 15-26 form an integral part of the financial statements.

Page 14

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements for the year ended 31 March 2026

1. Accounting policies

1.1 Charity Information

Jordanhill School Educational Amenities Trust Fund is a registered Scottish Charity (No. SC005743). The charity's principal address is 45 Chamberlain Road, Glasgow, G13 1SP.

The financial statements have been prepared in accordance with the charity's Trust Deed, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK FRS 102)" (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound sterling.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant Notes to these financial statements. The principal accounting policies adopted are set out below.

1.3. Going concern policy

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern and, accordingly, the financial statements have been prepared on a going concern basis.

1.4. Fund accounting

Funds are classified as either restricted funds or unrestricted funds, defined as follows:

Restricted funds are funds subjected to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity.

Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the Trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the Trustees' discretion to apply the fund.

1.5. Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations are recognised when the charity has evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Entitlement usually arises immediately upon receipt, however, in the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Legacy gifts must be recognised when it is probable that they will be received. This is normally following the granting of probate, when the administrator/executor of the estate has communicated in writing both the amount and settlement date and any conditions attached to the legacy are either within the control of the charity or have been met. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.

Page 15

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements for the year ended 31 March 2026

1.7. Income from charitable activities

Income from charitable activities includes income earned both from the supply of goods or services under contractual arrangements and from performance-related grants which have conditions that specify the provision of particular goods or services to be provided by the charity. Income from charitable activities is recognised as earned (as the related goods or services are provided).

1.8. Other trading activities Income from other trading activities includes income earned from both trading activities to raise funds for the charity and income from fundraising events and is recognised when the charity has entitlement to the funds, it is probable that these will be received and the amounts can be measured reliably. 1.9. Investment income Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity. This is normally upon notification of the interest paid or payable by the bank. 1.10. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required and the amount of the obligation can be measured or estimated reliably.

Liabilities are measured on recognition at historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. The exception is that certain financial instruments must be adjusted to their present value; these include financial liabilities where settlement is deferred for more than 12 months after the reporting date.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

Grants payable are payments made to third parties in the furtherance of the charitable objects of the charity. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions attached to that grant are outside of the control of the charity.

1.11. Expenditure on charitable activities Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. The costs of charitable activities presented in the Statement of Financial Activities includes the costs of both direct service provision and the payments of grant awards if applicable. 1.12. Governance costs

Governance costs (which are included as a component of support costs in accordance with the SORP) comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include those related to constitutional and statutory requirements, external scrutiny (audit or independent examination), strategic management and other legal and professional fees.

1.13. Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred. 1.14. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost. The costs of minor additions amounting to less than £1,000 are not capitalised.

Tangible fixed assets are not depreciated on the basis that the estimated residual value is greater than the cost, therefore, there is no depreciable value.

Page 16

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements for the year ended 31 March 2026

1.15. Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in off-shore trusts are based on the Net Asset Value (NAV) of the fund. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

1.16. Stock

Stock is included at the lower of cost or net realisable value after due regard for obsolete or slow moving stock.

1.17. Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.

1.18. Cash at bank and in hand

Cash at bank and 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.

1.19. Creditors and provisions

Creditors and provisions 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 settle the obligation can be measured reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.20. Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

1.21. Judgements and estimates

In preparing the financial statements, the Trustees are required to make estimates and assumptions which affect reported income, expenses, assets, and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Investments

A proportion of the Trust’s investments are held as Units in investment trusts and OEICs. The value of such investments in the balance sheet is based on the Unit Price at the balance sheet date and amounts to £561,946 (2025 - £419,570). The Unit Price is calculated daily by each Fund's managers and based on the Net Asset Value (NAV) of that Fund and is deemed to be a reasonable estimate of the fair value of the investments.

Page 17

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements for the year ended 31 March 2026

2. Donations and legacies

SWIRE Charitable Trust
Hanban - Confucius Classroom
Playground Project
The Tayyab Family Fund
Other Donations
Legacies
3.
Charitable activities
School trips and other activities
Playground Project
Administration fees from trips and activities
4.
Other trading activities
Uniform Income
Pitch Income
5.
Investment income
Investment Income
Interest received
6.
Raising funds
Investment management
Uniform Costs
Pitch Costs		 Total
2026
£
184,469
27,123
-
1,200
57,491
-		 Total
2025
£
135,304
29,412
15,905
400
40,213
-
270,283 221,234
Total
2026
£
453,397
-
10,837		 Total
2025
£
414,797
13,660
8,924
464,234 437,381
Total
2026
£
27,140
21,974		 Total
2025
£
24,601
28,715
49,114 53,316
Total
2026
£
36,577
13,106		 Total
2025
£
33,334
16,994
49,683 50,328
Total
2026
£
12,644
24,788
5,280		 Total
2025
£
11,606
22,663
5,280
42,712 39,549

Page 18

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements for the year ended 31 March 2026

7. Costs of charitable activities

Grants payable (Note 8)
School trips and extra-curricular costs
Development Office
Administration charges from trips and activities
SWIRE
Hanban - Confucius Classroom
Bonnyman
Tayyab Family Award
William Farish
Laurance Scott
Playground Project costs
Governance costs
8.
Grants payable
The following grants were paid out to school clubs and activities by
Grants awarded (Note 27)
9.
Auditor's remuneration
Statutory audit
10.
Net income/(expenditure) for the year
Net income is stated after charging
Auditors' remuneration
11.
Net gains/(loss) on investments
Revaluation of investments
Gain/(loss) on sale of investments		 the charity:
General
Restricted
funds
funds
2026
2026
£
£
63,330
84,464
7,077
9,439		 Total
2026
£
39,194
468,806
48,617
12,480
118,845
27,027
-
600
-
2,500
-
7,912		 Total
2025
£
27,893
350,019
45,870
10,613
122,996
30,257
-
200
700
1,500
1,290
7,491
725,981 598,829
Total
2026
£
39,194		 Total
2025
£
27,893
39,194 27,893
Total
2026
£
7,912		 Total
2025
£
7,491
7,912 7,491
Total
2026
£
7,912		 Total
2025
£
7,491
Total
2026
£
147,794
16,516		 Total
2025
£
(7,230)
(1,253)
70,407
93,903		 164,310 (8,483)

12. Trustees' emoluments

There were no individuals employed by the charity during the year.

Each of the Trustees give freely of their time and expertise without any form of remuneration or other benefit in cash or kind (2025 - £nil). No Trustee expenses have been incurred or waived in the reporting period (2025 - £nil.)

There were no Key Management Personnel costs incurred in the year (2025 - £nil).

Page 19

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements for the year ended 31 March 2026

13. Tangible fixed assets

13.
Tangible fixed assets
Cost
At 1 April 2025
At 31 March 2026
Net book value
At 31 March 2025
At 31 March 2026
14.
Investments
Fair value (market value)
At 1 April 2025
Additions
Valuation changes
Cash movements
Disposals
At 31 March 2026		 Listed
investments
£
1,254,790
293,725
147,794
-
(248,260)		 Fixtures
fittings and
equipment
£
5,000		 Total
£

5,000
5,000
5,000
5,000
5,000
5,000
5,000
Cash in
portfolio
£
1,193
-
-
(361)
-		 Total
£

1,255,983
293,725
147,794
(361)
(248,260)
1,448,049 832 1,448,881

The Trustees made an investment of £900,000 in 2019/20 and from 19 October 2021 the Trustees agreed to reinvest all dividends into the investment fund; the investment comprised 66.7% Bonnyman Fund and 33.3% General Fund. At their meeting on 7 June 2022 the Trustees agreed to increase the Trust’s investment value by transferring a sum of money from a maturing fixed interest deposit account. As a result, on 22 September 2022 a further investment of £150,000 was made, the investment holding from 22 September 2022 now comprises 57.15% Bonnyman Fund and 42.85% General Fund. The value at 31 March increased to £1,448,881 (2025: £1,255,983). The valuation of this investment was affected by world events and economic instability during 2025-26.

15. Stock

Goods for resale - uniform
16.
Debtors
Trips and events paid for falling after the year end
Trade Debtors
Prepayments and accrued income
17.
Creditors falling due within one year
Sums held to pay for trips and events falling after the year end
Accruals		 2026
£
20,093		 2025
£
14,284
20,093 14,284
2026
£
113,002
2,242
12,767		 2025
£
96,089
14,160
26,441
128,011 136,690
2026
£
226,672
80,319		 2025
£
181,857
48,543
306,991 230,400

Page 20

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements for the year ended 31 March 2026

18.
Analysis of net assets between f
Fund balance at 31 March 2026 as
represented by:
Tangible fixed assets
Investments
Current assets
Current liabilities
19.
Unrestricted general funds
General Fund
School Funds and Activities Fund		 unds
1 April 2025
Income
£
£
568,602
146,221
141,089
453,397		 Unrestricted
funds
£
620,846
478,368
(306,991)		 Designated
Restricted
funds
funds
£
£
5,000
-

-
828,035
340,566
60,009
-
-		 Total
funds
£
5,000

1,448,881
878,943
(306,991)
792,223 345,566
888,044		 2,025,833
Expenditure
£
(95,073)
(517,423)		 Gains/(losses)
Transfers
£
£
70,407
5,409
-
19,594		 31 March 2026
£
695,566
96,657
709,691
599,618		 (612,496) 70,407
25,003		 792,223

Purposes of unrestricted funds

General Fund

The General Fund encompasses all income and expenditure relating to the primary focus activity of the Trust, other than those for which funding is restricted.

School Funds and Activities Fund

Funds used to manage all school activities, for example trips and outings.

20.
Unrestricted designated fund
Millennium Fund
Designated Asset Fund		 1 April 2025
£
310,579
5,000		 Expenditure
£
-
 Transfers
£

29,987		 31 March 2026
£
340,566
5,000
315,579
-		 29,987 345,566

Purposes of designated funds

Millennium Fund

The Millennium Fund has been accrued by the School since 2000 with a view to supporting major projects or exceptional funding requests at a future date. Transfers have been made from the Unrestricted General Funds during the year as designated by the Trustees for such projects.

Designated Assets Fund

The Designated Asset Fund represents the net book value of the charity's fixed assets which would not be readily convertible into cash.

Page 21

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements for the year ended 31 March 2026

21.
Restricted fund
The Tayyab Family Fund
Laurance D. W. Scott Trust
SWIRE Charitable Trust
Hanban - CISS
Bonnyman Trust		 1 April 2025
Income
Expenditure
Gains/(losses)
Transfers
31 March 2026
£
£
£
£
£
£
200
1,200
(600)
-
-
800
30,054
-
(2,500)
-
-
27,554
23,894
184,469
(118,845)
-
(54,966)
34,552
3,799
27,123
(27,027)
-
(24)
3,871
713,685
20,904
(7,225)
93,903
-
821,267
771,632
233,696
(156,197)
93,903
(54,990)
888,044

Purposes of restricted funds

The Tayyab Family Fund

The Tayyab family have established a special fund to offer financial support to individual pupils of excellence taking part in competitions and/or courses and to endow prizes in the sciences. This fund was created in 2024/25.

Laurance D. W. Scott Trust

In March 2012, the Trustees of the Laurance David Wellwood Scott Trust (SCO20189) wound up the Trust and transferred the assets to the Educational Amenities Trust. These funds are used to provide bursaries to former pupils of Jordanhill School who are accepted into the third year of medicine.

SWIRE Charitable Trust

The Swire Chinese Language Centre was established at Jordanhill School in August 2016. The activities of the Centre are funded by the Swire Charitable Trust whose aim is “to improve the quality, quantity and reach of the teaching of the Chinese language in the UK”. The use of these funds is restricted to the activities agreed with the Swire Charitable Trust through a memorandum of understanding and annual plans.

HANBAN - CISS

This is separate funding to “promote and support the delivery of high quality Chinese language learning” provided by Hanban through the Confucius Institute for Scotland’s Schools (CISS) to support the work of the Confucius Classroom at Jordanhill School. The use of these funds is restricted to the activities agreed with Hanban and CISS.

Bonnyman Trust

In November 2016 the Trustees of the Linda and Gordon Bonnyman Trust (Charity Number 1123441) transferred the sum of £1,000,000 to the Educational Amenities Trust. The use of these funds is restricted to continue the work of the Bonnyman Trust in granting scholarships to former pupils of Jordanhill School undertaking post-graduate study at elite universities in the United States of America.

To facilitate the task, the Trust has established a Bonnyman Scholarship Committee chaired by the Convenor of the Trust and comprising of former pupils of the school with suitable expertise and backgrounds. The Bonnyman Scholarship Committee will consider and decide upon all applications for scholarships.

Page 22

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements

for the year ended 31 March 2026

22. Analysis of transfers between funds

Analysis of transfers between funds
Transfers made during the year
ended 31 March 2026 were as
follows:
General Fund
School Funds and Activities Fund
Millennium Fund
Tayyab Family Fund
Swire Charitable Trust
Hanban - Confucius Classroom		 Unrestricted
Designated
Restricted
funds
funds
funds
£
£
£
5,409
-
-
19,594
-
-
-
29,987
-
-
-
-
-
-
(54,966)
-
-
(24)
25,003
29,987
(54,990)

General Fund

A balancing transfer of £5,409 was made to the General Fund during 2025/26.

School Funds and Activities

The School Fund and Activities Fund movement is £19,594 for 2025/26.

Millennium Fund

The Trustees allocated £29,987 to the Millennium Fund during 2025/26, net of consolidated sports and music income, and development office costs.

Swire Charitable Trust

A transfer of £54,967 was made out of the Swire Fund to subsidise a group trip to China £49,986 and £5,000 to cover the administation. A further balancing transaction of £19 was made.

Hanban - Confucius Classroom

£24 was made out of the Hanban Confucius Classroom fund in 2025/26 to cover transport costs.

23. Financial commitments

At 31 March 2026 the charity has no commitments under non-cancellable operating leases (2025: £nil).

The Trust is committed to paying a salary for the position of the Development Director to Jordanhill School for a period of five years from 2022.

Page 23

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements

for the year ended 31 March 2026

24. Related party transactions

The Trustees regard Jordanhill School as a related party as there are Trustees who are also Managers of the Board of Jordanhill School ("the school"), but there is no overall controlling interest.

In the course of the year £70,000 (2025: £20,000) was transferred from the Educational Amenities Trust Fund to offset extra curricular costs incurred by the School. A sum of £121,683 (2025: £135,100) (made up of £98,683 (2025: £112,100) from The SWIRE Foundation and £23,000 (2025: £23,000) from Hanban - Confucius Institute of Scotland) was also transferred from the Educational Amenities Trust Fund to cover staffing costs associated with Chinese language incurred by Jordanhill School. In addition £8,328 (2025: £nil) was transfered from The SWIRE Foundation to cover one-off staff costs incured as a result of a school trip to China.

The Trust transferred £43,003 (2025: £40,392) to Jordanhill School to offset costs of the development function and several other transfers to cover costs associated with trips £2,728 (2025: £3,476), trips insurance £3,195 (2025: £4,090), laptop insurance £28,732 (2025: £nil), chromebook technology deposits £8,000 (2025: £nil) and miscellaneous items £nil (2025: £637).

The Trust does not provide financial support for the core educational activities of the School. Further details can be found in Jordanhill School's Financial Statements.

During the year 2025-2026 the Trustees donated a total of £300 to the Trust (2025: £300).

25. Analysis of changes in net funds

Cash at bank and in hand Total cash and cash equivalents

Opening
balance
£
615,345		 Cash
flows
£

115,494		 Closing
balance
£
730,839
615,345
115,494		 730,839

Page 24

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements for the year ended 31 March 2026

26. Statement of Financial Activities for the year ended 31 March 2025

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investment income
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net incoming/(expenditure)
before gains and Losses on
investment
Gains/(losses) on investments
11
Net incoming/(expenditure)
before transfers between funds
Transfer between funds
22
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 General
funds
£
40,213
423,721
53,316
31,277
Unre		 Designated
funds
£
-
-
-
-
stricted		 Restricted
funds
£
181,021
13,660
-
19,051		 Total
2025
£
221,234
437,381
53,316
50,328
548,527 - 213,732 762,259
(32,916)
(441,886)		 -
-		 (6,633)
(156,943)		 (39,549)
(598,829)
(474,802) - (163,576) (638,378)
73,725
(3,635)		 -
-		 50,156
(4,848)		 123,881
(8,483)
70,090
12,699		 -
(23,256)		 45,308
10,557		 115,398
-
82,789
626,902		 (23,256)
338,535		 55,865
715,767		 115,398
1,681,504
709,691 315,279 771,632 1,796,902

Under Charities Statement of Recommended Practice (FRS 102), comparatives for each class of funds are required for each line on the Statement of Financial Activities (SOFA). The note above illustrates the SoFA for the year to 31 March 2025.

Page 25

Jordanhill School Educational Amenities Trust Fund

Notes to the financial statements

for the year ended 31 March 2026

27.
Grants payable
Included within Note 8 are the following grants:
Prizegiving
Benevolent Grant
Transport
Christmas Trees & Decorations
Primary Christmas Activities
Primary Christmas Presents
P2 Butterfly Project (Minibeasts)
Activity Fortnight
Maths Challenge
Primary Christmas Card Competition
S6 Leavers Gifts & Medals
P1-2 STEM Masterclass
P1-2 Baking Fund & Playroom Activities
S1 Community Christmas Party
Scottish Opera Workshops
French Cafe
P3/4 STEM Masterclasses
Footballs for South Campus
Sports Hospitality
Young Enterprise
Eco Printing Workshop
P7 Leaver's Ceilidh & Tea Party
World Book Day Primary Books
Primary Clyde In the Classroom Project
P2 Living Eggs - Ducklings
John Muir Award
Football Supporters Bus
S1 Supported Study Science Lesson
P5 Mini Medics First Aid Training
P1 Grandparents Tea Party
Enterprising Maths in Scotland
World Mathematic Competition
S5 Induction - Team Building
Reading Champions
Eco Club
S1-2 Lunchtime Book Club
Reading Schools Award (Reluctant Readers)
Primary Maths Week
Chess Club
Pupil Leadership Badges
HFTT Food Hygiene Certificates
Pupil of Excellence
Craft Club
International Move Club
Higher Photography
Elvis Re-enactor
Secondary Festive Fortnight
Primary Food Fortnight
Scottish Concert Band Festival
Easter Art Competition
P7 Science Induction
Gartmore Project
S3 Forestopia Project
French Cheese Tasting
Diversity Group
Primary Maths Challenge
AH Spanish Lunch
Music Dept Biannual Grant
Art Dept Biannual Grant
S2 French Breakfast
BECSIT Award Certificates
Biology Botany Club
Science Club
Primary Pantomine
Primary Scottish Parliament Trip
Computer Game Club
European Day Of Language Competition
S1-3 Textile Club
Primary National Museum of Scotland Workshop
Diwali - Indian Sweets
History Club
Secondary Christmas Dances
Primary Christmas Quiz
Duke of Edinburgh
Dungeons & Dragons Club
Book Week Challenges
S1 Inflation of The Universe
Page 26		 2026
2025
£
£
3,051
3,428
355
451
4,961
2,878
300
500
-
175
132
120
-
40
3,284
5,460
1,000
186
80
80
-
2,336
-
300
300
400
-
125
1,140
1,140
100
101
-
300
40
60
2,000
1,000
-
80
550
500
856
786
-
20
-
500
350
336
-
25
-
127
-
85
-
716
-
150
-
35
-
200
-
500
30
172
-
70
-
300
-
375
30
30
-
70
-
200
-
200
-
646
-
160
100
100
-
250
-
100
130
80
-
450
-
500
-
50
-
100
-
400
-
500
90
-
70
-
122
-
45
-
10,000
-
5,500
-
150
-
450
-
300
-
275
-
679
-
264
-
250
-
200
-
200
-
238
-
30
-
66
-
600
-
45
-
629
-
150
-
45
-
7
-
39,194
27,893