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 year*cnd.
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 ¢h*rity
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 di￿LIorS lo meeT the expcnsis of the s￿iety
Wiihou( h3¥'in8 in realise Any in%'cstments. "I"he dircctor5 continuc lo rni)nilor ihe situaiioi) ai
expenditure conlinuLJ lu Ix cSo*ly ¥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
dI￿lLullY 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'e*tmcnl5,
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 de￿1] 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 U￿L)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)lemI￿r 202$
Report of ihe Director5 (cont'd)
The directors are confideni Eh￿ thc Socicty will be able lo maintain a red￿nabIC 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 I￿7Cl 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 Ilif￿11)￿1(Ivn is supplicd io ihe dircclvr> al ihcir In￿lIng5'. 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
B*nker5
Bank of ScotlarKI
Th¢ cro￿
Paislcy
PAI IDD

The M*ltmen'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 irU￿r¢% 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 r￿lleyeS 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 st￿K141(L￿ and %lAlC.me.nls of rccommcnd¢d practice
hai'L been Inllnw'cd, quhjea io any dePwlu￿b (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 I1￿1r 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 forw*rd
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"inanei*l Sthtements
Accounting policies
Basis of prepArgtion
The financial stalements havc been prepared undcr ihc hi￿orical 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 accordi￿C Wlth and the Trinancial Rcporting Startdard
applicable in th¢ United Kingdiiin Jnd Republic of IrLlaiid (F RS 102)- the Cli￿111￿￿ 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 d1￿ClU￿4 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 b*Viii&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]I￿1 lui un un aLLYual% ha%is and are re¢o¥iii.¥Ld wliLfL
IhL'rL iy a I￿￿1 or con￿rUL(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 r￿e1ved 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¢ordo￿L Ii'iih thc c1i41ri1Ahlc 4thjLcIs
ai the dI￿rL'll￿n ot"Ihi dIr￿lOr$.
Invesiment Inconit
2024
l)ividcnd incvmc
l U.U66
10.5?4
C'h*rltable ActiTr'itie•
Paymcnl8 In Alimcntar5
Sui>ix)rl LL)¥I¥
(luv& rnancc cos1.¥
.3.214
1.97.$
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 In￿eStMen1$
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)unl*i
(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 pr￿edI1re* 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, gI￿en 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 Jcwunl*i 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