The .Maltmea's Societv of Paislev Statement of Accounts For ihe )'e#r eaded I S September 202 Charil) Numb¢r: S("007131
The .Maltmon's SocieN' of Piislei. For the vear tnded 15 September 2025 C'onienls Page Riyurt uf the Direelor* .%¢8temcnt of Tr'inallcial Aetiiltiej Ralan¢c Shttt ole$ lo the Financial .Si•iements Rppnri offhe ltsdtpcndenl Examiner Jo
The M4ltmen's Society of Paisley For the year ended 15 September 2025 Report of the Directors The dircctors, who are also the trustccs of the charity, present their annual report and financial statem¢nts of the charity for the year endcd l5 September 2025. The financial statements hav¢ been pr¢parcd in accordancc with the aLKounling tK)licies set oui in note 110 the accounts and comply with thc Charitics and "frustcc Investment (Scotland) Act 2005. the Charilic% Accounts (SLoiland) Rcgulations 21X)6 (as amcndcd) and A¢countin8 and Rcporting hy Charitics: Statemcnt of Rccommended Practicc appliLiible to charities preparing their accounts in aceordancc with the Financial K¢porting Stsndard applicahle in thc UK and Rcpublic of Ireland (FRS 102) {¢rrective 01 January 2019). ObjeL'tivey xnd Actlvldes Thc ubjective of Thc M411tsnen's Socicty of PaislLy is the provision of finall¢ial ?>UPPQrt to dcscrvin8 pcrsons, 'Ihe director4 distrihutc. twice ycarly. an alinicni tu identified deserving p¢r>ons and if rcqu¢>kd to, consid¢r othcr applicaiions for a5SiStanLc. Aehicvements and performAnce The numbcr ot. alimenthrs remoincd at ollc during the year uiidcr rLViLW. Thc (lircctors contiiiuc to uddilional alimentars. Tlie ili1eLII> L'unlinucd with iheir policy of payin8 th¥ alimenls out ot. thc .qi)cicly'S investtiient incomc and leaving th¢ L4pi&I iniaL'L The annual amounl Pdid io each of t} alimLntars' was £3,000 (2024: £2.750). liinAneial Review 'I'lie deliL'il lor the year. befor¢ tskins aGGounl of othcr rcCnRn1.{I ¥dins and lo.sw. w&$ £.fjCiCI (2024: surplu £1,351). The d¢ficii ar0 prineirAlly from incrcasc costs r¢latin8 to tlic pr(KL in ¢onvcrtin& tlic unincuryM)rated or8ani.sation tn a S¢oltish Incorporated C.hiiritrfible (.IrbyaThisation (SCIO). The income for the year is in linc with that of the prior ycar. The continuing influcnce of both the UK and global ¢conomic and political unccrtainty continues to hltvc a significant impact on Stock market values. The portfolio valualion at the year-end is sitting slightly lowcr than the value at the prior yearcnd. Thc Socicty incurr¢d unrcalised gaAns of £2,705 (2024: gain £23,531), which ar¢ reflected in the ycar end valuation. There were rcaliscd losses amounting lo £5.592 arisin8 on the disposal of inveslments during year (2024: gain £3,137) These gains arisc based on the prcviously stated share valuc in the accounts. Investment polley and pcrformance Thc Society's assets werc previously invrslcd in a range of equities and government securitics with the individual inv¢&plments" held b&sed on pcriodic risk review8 carried oiit by R2thbones'. lThe investmcni portfolio has been. thpecially with the Global Investm¢nt crash in 2009, the Covid-19 Pandcmic in 2020 and the current pol itical unresl, subject to sisnificant fluctuutivnb.
The %1gltmen's Society of Pxisle For the year ended l S September 2025 Report of the Directors (cont'd) Following discussions w'ith Raihbones, the directors took the decision lu r¢alibC the invc5tmcnt portfolio and rC-invC ihe pnKccd% in Rathbones Chariiy Growth and In¢oin¢ Fund. It is 100 carly to accuralely a&scss ihc impacl of ihis change bui ihe dircciors arc in rcgular contaci ivith Rathlx)nes and continuc io niolliior thc posilion closcly. Risk IlaDa%emenl Risk revicw 1$ an vnsoing impuflunl itcm for ihe dirrylvrs. idintifying ihL' many ri4kq the ¢hrity lac¢ts aiid NLording resp01tsL aiid 4Lli()rns in eoniN)l ihese risk%. TIIL dircctors havc idcnlifKd ihai IIK. main risks io thL" charity arise from a do.nIuM in iliL rcturn frvm 115 investrnents and also thc idcnlificaiion of future alimenTi1fs. The dividen¢l income for Ihe N'¢ar doL-s prvvide sutfiLicni inL()mc for ilic diLIorS lo meeT the expcnsis of the siety Wiihou( h3¥'in8 in realise Any in%'cstments. "I"he dircctor5 continuc lo rni)nilor ihe situaiioi) ai expenditure conlinuLJ lu Ix cSoly ¥uiili(JllLd. A¥ noied abovc ihc dircclorb arc in r¢gular kontsbl with ihc Society's ini'¢stment advi.%er% i)ii ilie porrfolio makc-up and valuatioii. TIIL dir¢Llvr¥ r¢cognise ihe impAet the ¢Vrrent 8lobal liiidiis 141 situation is lia¥'in8 on ihc %'aluatiL)n of the prtlolio. I'lll diTLL(vrli al%0 cnniinuc in iheir efforts tfi idonlity additionol AliiiikntL bui recognise ihe dIlLullY vf identifying additiviml rL'cipicnl.s. duc tn ihc c()n%lraini>• of tliL Lurr¢ni Lun%liluiion. Rejen'ey Pnlicy Thc Sal'iciy % tM)licv 14, on an annual bisik In distribut¢ ihL inLome ari5inR fft)m il.% ini'etmcnl5, 45 4lin1inii payrnenL Tlic dircLl41Th ¢on>idcr ihat il)c ILI'LI vl. reservL'4 ill such il)ni li will cnablc thciii lo pay iiliments a( a reasonable Icvcl and Comply '1th th¢ Siat¢d policy. Plans for thc Future The Society held An Annual (ieneral Meetin8 on 15 M*lJ !0?5. which had iwv JiicrKl¢c.% other Ihiin ihe dirtttors. Tlli ac¢vunl> fvr t year ended 13 S¢wcmbcr 2024 approvLd. "Ih Subject of updaiin8 ihc Conslilulion and conb'crtin8 lo a SL10 was disLUSSL.d in de1] and it w& unanimousl) agrl.K that Ihc director3 call a Special Gcncral M¢Llin¥ (S(iM) and put ihese pmtxThals to tlie Member5 fi approvAI. The sfim wa% held on ?8 Augu 2025 and had only one allcndee oiher than the directors. At th¢ meeling the prory)sals 10 updaie ihe unincorpuraicd organisalion io a SCIO. wilh ihc UL)led Conslilution. 'erC unanimously pass¢d. The dir¢¢tors a. currtntly working to minsfcr th¢ ¥Ct3 and IAabililic5 vf LAiStin¥ organisation lo the .SCIO. dirLLlvp4 arL" commilled io ensurin¥ ihai ihc SL10 will Lvnlinue io mcci ihe obligalions of Ihc cxisling organi4alinn lo ihe Mcmbcrs. The updai¢d Con>•¢ilUtion doc8 8iwc ihe di¢10# mo ¥¢op¢ to makc aTh"ards lo dcriving causcs.
Tbe Maltmcn's Society of Paigle). Fur ihe )ear ended 1% Sei)lemIr 202$ Report of ihe Director5 (cont'd) The directors are confideni Eh thc Socicty will be able lo maintain a rednabIC level of alimeni paymcnts o%'er the next N'elve monilk% as well as bcin8 ablc lo ionsid¢r makin¥ addiliondl award%. under thc tcrnls of the n¢w consliluiion. Siructure. 2o%'ernAn¢e and management Thc So¢iW is il long esiablished IKKIY and is governed by its original chartcr. The dir¢ctor5 of ihe charity. w'ho are al.9 Charily trustces uiid¢r ihariiy law, are appoinicd by ih board of dirtt'ivr%. I'he direL'fnrs meel I7Cl a ycar to dis¢us? ih¢ up¥raiivn of ihc Lliurily. whil.ll IhL day to da>, runnins ot th¢ clwily 1.% dLILKdicd io ihe Clcth. All ncw direetor8 ar¢ given an induclion inlo thL" vbj¢Llivc% admini¥lraljvc pftxedures and bdckground of thc charily. by the Boxn)ast¢i lind Collertor. l.Inancial Ilif11)1(Ivn is supplicd io ihe dircclvr> al ihcir InlIng5'. by the ('lerk. Rèftrtn¢t and admiD15trAtiic informalion BtsimA¢ier C Brown Collectnr (i Monigomcr>' Seniur Key Keeper D J Pllxton t)Iro¢iors (' MLNauxhi C Brown Ci Moni8omcry D J Pnxton C'lerk A J¢)hnsian Scottish Charil) lumber SCIM)7131 Independent Examiner Paul C"rai8 FCCA A£eL% Audii Servire% l.iinil¢d Titanium I King's Ineh Place Renfrew (ila5gv. PA4 8WF Bnker5 Bank of ScotlarKI Th¢ cro Paislcy PAI IDD
The Mltmen's Societv of Pai51ev For the year ended IS September 2025 Report of the Directon (cont'd) Iniestmtmt Adi'istr Raihbone Cicorgc Hause 50 Gcorgc Square G2 IF.H l)irrclurs' RMpnn%ibilities SL'iilti5h Chariiy law rcquircs ihc direclors a8 irUr¢% lo prcparL' fiNncial siaicinLnl4 for each finincial yLar ihat show a ilUL dnd fi. ir view of Ihc slats of affairs of ihc ehAriry and its finAn¢ial ctiviiies foi y¢4r. In preparing ihase financial slat¢menr5 the directors arc r¢quited to: Sclcct suilabk aLLuunling rlleyeS and then apply IliLm ¥ons1.%l¥nily; Ubserv¢ the mlihod and principl¢s in ihc FRS 102 Charilies" SORP: Mlike jiidgcmcnzs and c%limAte$ that arc rLasonabl¢ and prudLnt= Sui¢ wh¢ihL'r applicuhlc accrninting stK141(L and %lAlC.me.nls of rccommcnd¢d practice hai'L been Inllnw'cd, quhjea io any dePwlub (11ts¢10sed ond Lxpliiinc'd in ihc fiiw111141 talcmeni& aiid Prepare thc financial 51at¢ments on the 80in8 conc¢rn basis unle$8 it is dttmed inappropria1¢ lo prcsumc ihai ihe charity Will continue in busincs%. Thc dirtttors arc re%w)nbibl¢ for kLLI)in¥ propcr acciwnlin¥ rer()nls. Ihai disLIoibe Miiih rL'•isunablL aLiuraLy al any time the fii)aTIi llil p()%ilinn nf ihe eK?rity and to cnablts ih¢m to ensurr rh21 ihc tinancial stolemenLq comply With tk Charili¢b uiid Trustcc InYe%m)eni (&otland) ALI ?W5 aild Illl CliuriliLX Accoiinis (Scoiland) RLBuldiions ?IYM (& amendixl). They arc also re8pon%ilil¢ fvr lebrUardIng the tstxet.s ot the Charity and h¢nc¢ lor iaking r¢asonablc .8lcp.s for lh¢ ptc%'¢ntion delcclion of fraud and oihcr irregularities. ndependent Lx*min¢r Paul Crai8 has 88wed to offer himsclf as Indepcndeni Examiner io ih¢ charity. Appro ) the Directors And signed on I11r behalf bv Fjro Boxiiiil%t¢r 28 May 20)6
The Imalimen's Society of Paislei. fr-or the year ended I S S¢plember 2025 tatement of P"inaneial ,Iclivjlies ,lote Income And endowments from 2024 Income from in%¢stmenL8 Baith iniLrLsI 10.066 10,524 1711 Tv(wl inrume 10.220 10.702 Expenditure on ( fi.l.l i)I'r(ii.%iiix.liind¥ Ini'¢51mL'ni mJna8¢meni f¢¢s Lxpcndiwrl" un charithble acii%'ilies 1,412 7.174 4,011 5.340 Total expenditure 10.786 9.351 l)efbcit l.Surplus of incom hofore (losses) I gAins OD invesimeots (566) 1,-151 Net (lo$6¢6) l R#in5 inveslmcnt assets 12.1187) 26,6f•A ei moi'¢m¢nt in fund 13.453) 28,019 Rec'¢inLiliaii<)ii c?/JiiThli I vtal funds brou8hi forward 461.342 433.323 TotAI funds earned forwrd 457.889 Thc notcs on pagc) 7 10 9 forni pan of ilK financial statemeiiis
The Nlaltmcn'5 Society of Paijley As Ilt I S .September 2025 Balsnee Sheet 2024 'ote F"ixed assets Invcs(menis 443.694 444,569 Current Assets C41th ai Flank 17.333 19,9?3 C'reditors: Amounts fallinE due ID leis ihin one )e*r AcLrual> 13.138) (3,1.SU) ei C'urrenl .l%vts 14.19fj 16.773 et A55ets 4£7,889 461.34? Rcpresenttd hy FIJ.NDS ljnrrstncled l.unds 4S7.II¥y 46].341 ' the Dirccior% on 28 May ?026 and signcd on thcir behalf by 1114i>lL r D J Paxton - irrclor Thc noics on pa8cs 7 to 9 form part of ihe>c financial slatcmL'nls
The Ilaltmen's .Society of P#i51c)' For the year ended IS September 2025 Notes to the Tr"inaneil Sthtements Accounting policies Basis of prepArgtion The financial stalements havc been prepared undcr ihc hiorical cost convenlivn wilh thc exccpiion of quoted investmenis which arc included ai markei value. Th¢ financial slai¢m¢nts havc kcn prcparcd in accorda¢ w'iih ihL' Fvinancial R¢portin Siiandard applicable in ihc UK and Republic of Ireland (FRS 102) (cffcciiir 01 January ?0191. Ihe Maiemcnt of Recommcndcd fracticc. "ALLUUllliii¥ dnd Reponin8 by Chariticts prL"paring iheir aceounts in accordiC Wlth and the Trinancial Rcporting Startdard applicable in th¢ United Kingdiiin Jnd Republic of IrLlaiid (F RS 102)- the Cli111 dnd TIu%lLt In¥'cslmenl Iscoilandl Aci 2(KJ5 and the chanti Accoun1% (S¢oiland) RLgulation$ 2000. las amcn(k-d) The charl, consliiuics a public cntity as defin¢d bv F'RS I O? Tlie d1ClU4 feLIIWlil•¢ ihai ihe current ConJnai'iru14 P.Ind¢miL will Lontinuc to hav¢ a signil14mnl impaLt on lh¢ valu¢ of the charily'24 inv¢&lm¢nt nfollO and will also impacl thc in%'c.%imcnl inrom¢ rcccivabl¢. Ai ihis moin¢ni in limc li is noi PO8Aiblc to aceuratcly prL'diffj whai the final impa¢1 of ihis pand¢mic on ihe Lharitv's tinoncial p(i¥ilii)n will bc. TIIL dirLLIoD+ Lun%iJ¢r ihai based on thL currenl valiialinn of fb¢ ini'esimeni porttcfrlin and Ihe Llk'irily's c.Iirreni liqiiid POS11ion. sei ogainÉt the clixrity'K financial comiiiiliii&iil¥ OVLr illi ii¥xl ki¥hi¢¥'n monih%. the tinnneinl 8TniLYncnl¥ can bc prepared oil a bViii&i ¥WiL¥rii Income All inc.nme is nccfiiinted fthr on o rK"c¢ivablLy basil. Ke%uurcu r.xpf nde.rt R¢sour¢es expended are al¥ul]I1 lui un un aLLYual% ha%is and are re¢o¥iii.¥Ld wliLfL IhL'rL iy a I1 or conrUL(1ve obligaiion io pay for cxpendiiure. Expendilurc is inclusive of any VAT which cannot be recov¢red. Charilablc cxpcndiiurc relates io Alimentary payments. Gov¢mancc cosl.% arc co4Ls conlributsble io Siaiuiory compliance. InTreslmeniS *nd invttiment income Invcslmenls Arc statcd al markct valuc at the balance shcrf daw. Tl)i in%'¢slmcnl5 hcld arc allocatcd to Norrowcr ond Wider Rangc inveslmenis in line with ihe terni>• of lh¢ original iru%i dLCd.
The Maltmcn'5 S()cich' of Piisley For the )'ear ended I S September 2025 Notes to the Financial StAiements (cont'd) Unrcali5cd gains I loss¢5 on revaluation5 and g2ins I losses realiscd on di4)05ali are Idken 10 Ihe Statement of F"inanciiil Activitics. Invc4tmcnt incoirie rcpres¢nt5 dividcnds re1ved from lisicd invcstmcnis and intcr¥il receivable in the year. Ilealised and unrealiied gains and loss RealisLd ¥3ins i IoR%L'% :Irc Ci?Iculatcd ih¢ differcncc lyciwcen ihL invesimeni.% Ldrry inR value and IL% disposal IYVL¢C4Ls. Unrealiscd 8ains I losscs arc Calculaicd a5 thc dilTcrcncc bciwcen thc market valuc of tbc in%'v•lrn¢nts at ihc year end L41mpAred with thL slart of lh¢ YLW. Fund ACCOUlItifi% Llnii)IriLled lunds arv fun&q which ian be ubLd in aL¢ordoL Ii'iih thc c1i41ri1Ahlc 4thjLcIs ai the dIrL'lln ot"Ihi dIrlOr$. Invesiment Inconit 2024 l)ividcnd incvmc l U.U66 10.5?4 C'h*rltable ActiTr'itie• Paymcnl8 In Alimcntar5 Sui>ix)rl LL)¥I¥ (luv& rnancc cos1.¥ .3.214 1.97.$ 7,374 5.340 No direLlur rec¢ivc2i rcmun¢ralion or expen$ (2024". nonc) from ihc Snciely. CJOI'ernance cosls Indepcndenl examiner'b fec Lcgal fees 660 5(K) 615 615 Ct nossesl / gains on IneStMen1$ Rcalii4ed (Ioktses) , gain5 on lisled ini ¢ntS Unrealiscd gains i, (10sse5) on li4ied invcstmcnis (5.$9? 3.137 23.531 1?,8871 ?6.668
The Maltmen's Socieh. nf Paislei. For Ihe )'ear ended 15 Sepiember 2025 Notes lo the Financial Sialemenis (cont'd) ni'estments 2025 2024 M4wk¢i value al %l3n of year Purcllascs Dispo.wls at market valuc Inve%imeni gain 444.569 415.842 603.641 94.634 (607,221) (89.438) ?3,531 Balanc¢ ut cnd of ycar 443.694 444.569 ,%l#rket i'alue Narrciwer rnnRe WidLr ranRe 443.094 417.834 441.694 444..509 Narrow¢i rllii%c WidLr rangc ?.S.58I) 411.577 44fl.988 44U.Y88 437,166 Fund Aeeouni Ilnrestricted F'und alance broughi forward Ncl rnovement in fund 431.-3?3 28.019 (3.453) Balanc¢ carried forw'ard 457.889 461J42 Related Parties 'rhcrc have bL¢n rL"laicd parfy transaclions during thc year.
Independenl Exxminer's Report to Ihe Dirertors of The Mi altmen's.Societ)' of Paisle).. 10 I re)rE on ihe accounis of ihe Chariiy fijr ihc year ended l S ScNLYnbcr O?$ which are 1 Dui {)n pag¢s 5 10 9. Respectile responsibilitles of iruslec5 and ciamiller ThL' chBrily"s IrusteL4b are SpOnsible fur lh¥ pr¢paralion of ihe alloun in acLordanLe w'ith ihe lenn% i)f ihe (."hariiie% and Tru%lee Invcmmcnl (8ci)tland) Aci ?005 and ihe C'haniies ALCC)unli (Scoiland) ReBululionb 2006 (as ameThJcd). Thc chariiy Iruslics ion%idLr thai ihc. audit rcquircmLni of R¢8ulaiion 10( l ) la) lo Ic) of ihc ALcoun15 Rc8ulalions nol 4ppl>'. li 1% m), r¢$ponsibilil)' lo exaniine thL" accounts as requircd under %eclion 4411) ie) of rhe Act alld io state hLIIILr panicular m¢illcr% hai'c Loinc lo my allLntion. B¥Jsis of indcpcndeni cx¥miner'5 St•l¢ment My cxaiiiinaiion is carried out in acconlancc wilh Rcgulalion I l of lh¢ CThari(ics A¢¢oun14 (Siuildnd) RL&¥ulalions ?OOh la% amcndcd). An cxainination include.% a rci'icm, vf il)L aLroui)liiig rlcords kipi hy th¢ L haritv and a coinp8riwn of thc .i¢counl% prc.%enled '•th ihosc records. It iilso iiicludcs con%ideralion of an), unusual ilcin% or disclo4urci in ihe accounts. and sccks explanit lions fmm fhe Ini%lee% L(bnLerning such maiter4. The predI1re undefl.Ikcn il¢) ni)I pi Idc oll ih% ci'idenLX ihul M'ould be re4uircd in an audil. and &¢)nN¢4u¢ntl)' I do not Lxpfcs% an aiidii opiniiin on Ihc iicii, gIen by thc accoun1.%. Indei)endent examiner'5 518tement In the cnursc of my examinaiion. no mallcr has Come lo my attcntion"._ Which gis'c.% Ine rea5nnablL' Laub¢ io b¢li¢i'L. dMt. ill ally nialLnal rrspLcI. tIIc I L'4Uii¢mciiis. Tii keep aicounling rccords in xcordancc wilh L(lon 4411) lal of ihc 21)U5 Acl aTKI Klg'uliiliibn 4 uf IIIL ?(K)() ALYoun15 RLgyulalionN. and Tv PTLPiifL Jcwunli whiLli a¢¢ord w'ith ihe arcountins r¢¥ords and Koiiiply M'iih Rr&iiildliiin % q)f ilie ?(KXJ .4LL<)unls Rcgulalions hiive noi been rnel. or To iwhich. in my ffj)ininn. allLnlii)n ihould bL. dram'n in urdLr Ic) LnuhlL a propLr iindcrslnnclin8 4)1 I1 accniinl% ti) Ix rL'achcd. jaul c.raig F"("C"A C"hartLfL"d Accnunlanls A¥.Il> Audii Scrviiis Liinil¥J Tilaniiiiyi I King -% Inch ljlacc Rcnfrcw. filn%gow Ph4 AWF ?% Nla), ?0?6