jamesmilne Glen Tanar Charllable Trust Scoltish charlty number SC007883 Trustees, Report and Accounts for the year ended 31st March 2025
Glen Tanar Charitable Trust Scottish charlly number SC007883 Trusteeg and Profe88lonal Advlsers Trustees: Sollcltors Inveslmenl managers: Evelyn Partners Investment Management SerVis Ltd Atria Two 3rd Floor 148 Morrison Street Edinburgh EH3 8EX
Glen Tanar Charitable Trust Scottlsh charlly number SCIX17883 Trustees, Report for the year ended 31sl March 2025 Prlnclpal offlce The Trust is adrninistered al Strvcturel governance and management The Trust was established by Deed of Trust by ihe Honourable nd registered in Ihe 8ooks ol Council and Sesslon on 27111 July 19 19. The I rust Is administ8r8d tsy Glen Tanar Estate. Trtsst ObJ8Ctlves and Actlvllles The Trust was gslablished for such purposes as the law from lime to time regard as charitable within Ihe meaning of S8clion 360 of the Income and Corporation Taxes Act 1970 (now replaced by Section 505 of Ihe Income and Corporation Taxe5 Act 1988), the Trustees being directed to distribute the Trusl Fund al such lime or limes and in such amounts as they may determine in their sole discretion for such charilable purposes only. The Trustees have established the following objectives.. Objectives.. To provide an educational resource lor members of the public by funding, and operating a full time Countrysid8 Ranger Service from the Braeloina Visitor Centre, Glen Tanai. b) To support and maintain the Chapel of St. Lesmo, Glen Tanar and the ministry of the Scottish Episcopal Church. To fund local charities and charitable causes. d) To fund national charities. Notes: The Trustees had the power to accumulate income for 21 years from the date ol the Trust Deed to 15th May 2000. The Trust15 iecognised by HM Flevenue and Customs as a Charity for tax purpos8s. Its Scottish Charity Number is SC007883. The Trustees have the fullest powers lo invest, adminislrate and manage, and lo sell or borrow on the security ot Tiusl property wilh whomsoever they decide, and to appoint lurther Trustees and faclors or solicitors. even ot their own number, and pay them the usual remuneration. The Trust cperates over the Estates ot Glen Tanar, Inchmamoch and in the D88side area of Aberdeenshire. The Trust relies on the continuing support of the Gl8n Tanar Trust trading as Glen Tanar Estate. Trustee, who is also a Trustee of Glen Tanar Estate and his sister owner of ncnmarnoch slate. especially in relalion to the delivery of the main services ol :he Trust, the Ranger Service.
Glen Tanar Charitable Trusi Scottish charity number SCIXJ7883 Truslee3' Report (eontd.) for the year ended 31st March 2025 Revlew of Flnanclal Poslllon and Actlvltles During the period, the Ranger Service worked with over 100 educational groups, and directly with over 1,000 people. In addition, the service assisted with major gvents and tens of thousands of wisitors. Information and assistance was alsD provided to our wider visitor cohort. The trust continues to engage with a CNPA initiated 'Management for Vi8ltors' group including other Ranger employers, local authorities, Police Scotland, Nature Scol, and other agencies. This group has assisted with the co-ordination ol access and information provision across the national park. Providing Ihe Countrysid8 Ranger Service is costly and, nol surprisingly, this was the main item of expenditure ol the Trust, costing £64,850 (2024 - £55.0121 in the period. The Trusl's Ranger seiCe has been supported financially by the Cairngorms National Park Authority ICNPAI since 2009. During the year, the Trusl received £25,370 of grant support from the CNPA for th6 Ranger Service for the period lo 31 March 2025 12024 £24,394). Tho Trustees are very grateful for this vital SUF)POrt from CNPA which enables the Charitable Trust lo continue lo provide educational and other services. The overall financia5 position of the Trust remains sound. In the 12-month period eTrJed 31 March 2025 the total income ol the Trust was £91,855 12024 - £84,565). The expenditure was £92,205 (2024 - £87,842) resulting in a cash delicil of £350 (2024 - £3.2771. The market value of the Trust's investmenl Portfolio decreased by £55,735 10 £1.105,56412024- £1,161,299), The Trust currently has one bank account for all transaciions. Signiflcant uniestricled cash is also held within the inveslmenl Portfolio which is readily available, and money can be Iransterred from the investment portfolio to the bank account as and when r8quired. The Trustees use online banking and monitor funds on a regular basis. The Trustees wish to thank all of their employees and volunteers for their conlributions during the year, The Trustees would alsD like lo record their appreciation of the support and financial assistance provided by CNPA. The facilities are spl up for visitors and Truslees wish lo thank the many people an¢ groups who visited the Braeloine Visllor Cgnlre during the year and look forward lo welcoming Ihern back again in the future. On behalf of the Trustees Trusiee
Glen Tanar Charltable Trust Scottlsh charity number SC007883 Report by the Independent Examiner I report on the aocounts of the Trust for the year ended 31 st March 2025 whtch are set out on pages 5 to 11. Respecllve responsibilities of trustees and examiner The trusiees are responsible for the preparation of the accounls in accordance with the t8rms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts {Scotlandl Regulations 2006 las amended). The trustees consider thai the audit requlrernent of Regulation 10111 Idl of the 2006 Accounts Regulalions does not apply. It is my r8sponsibilily lo examine the accaunls as requireo under Section 44(1) Ic) of the Act and to stale whether particular matters have come lo my attention. Bas18 of Indepondant axamlner'8 8tatement My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounling records kept by the Trust and a corrparison of the accounts presented with those records. 11 also includes consideration of any unusual items or dis=losures in the accounts and seeks explanations Irom the trustees concerning any such matters. The procedures undertaken do nol provide all the evid8nce that would be required in an audit and consequently I do not express an audit oplnlon on the view given by the accounls. Independ8nt èxarnlnèr's Slatement In the Course of my examination. no matters have come to my attenlion which give me reasonable cause to believe thal in any material respect the requirements: to keep accounting rocords in accordance with Section 4411){al of the 2005 Act and Regulation 4 of Ihe 2006 Accounts Flegulations, and to prepare accounts which accord with the accounting records and comply with Flegulation 9 of the 2006 Accoun15 Regulations have not been met, or 2. to which, In my opinion. anentlon should be drawn in order to enable a prop8r understanding of the accounts Partner ,I,,lia
Glen Tanar Charitable Trust Scottish charity number SC007883 Receipts and Payments Account for Ihe year ended 31st March 2025 Unrestricted Funds Restricted Funds 2025 Total 2024 Total Note Receipts Investment income Ranger Grants Other Contributions Investment Capital 27,459 25,370 18,325 20,000 701 28,160 25,370 18,325 20,000 28,633 24,394 23,538 8,000 Total recelpts 91,154 701 91,855 84,565 Payments Countryside Flanger Service General expenses 64,850 26,520 64,850 27,355 55,012 32,830 10 835 Total payments 91,370 835 92,205 87,842 Net re¢elptsl(payments> 12161 {1341 {3501 13,2771 Transfers between funds Surplusl(Deflclt) for the year 12161 11341 13501 13,2771 The notes on pages 7 to 11 form an integral part of these accounts.
Glen Tanar Charltable Trust Scottish charity number SC007883 Statement of Balances at 31 st March 2025 Unrestrlcted Restricted Funds Funds 2025 Total 2024 Totsi Bank and cash balances Opening bdance Surplus/lDeficitl for the year 9,634 (2161 5,673 (1341 15,307 13501 18,584 (3,2771 Closing balance 9,418 5,539 14,957 15,307 Inveslmenls at rnarket value Listed stocks and sgcurilies 1,075,414 30,150 1,105,564 1,161,299 Tanglbl• Assots Land and Buildings at cost Improvements al Ngt Book Value Motor Vehicles al Net Book Value Chapel Equipment al Net Book Value Office Equipment al Nel Book Value 26,000 28,000 26,000 12,634 12,634 16,846 268 358 38,902 38,9¢T2 43,204 Other assetg National insurance recoverabla 11,739 11,739 Llabllltles Professional fees Flepairs and mainlenance Motor expens85 Subscriptions AdministRtive expenses Heat and light 8ank charges Sundry expenses 1,938 333 1,938 333 4,003 282 255 80 1 ,820 313 25 68 270 31 27D 31 2,572 2,572 6,846 roiJecl b the Trustees on 2 &?1 Sand slgnèd on their behalf by rustee The notes on pages 7 10 11 form an integral part of these accounts.
Glen Tanar Chariiable Trust Scottish charity number SC007883 Notes lo the Accounts for the year ended 31st March 2025 Accounting policles 1.1 The accounts are prepared on a receipts and payments basis as allowed by the Office of the Scottish Charity Regulator. 1.2 Fund accounling Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Trust. Flestricted funds are detailed on note 11 . 1.3 Depreciatlon Depreciation is not provided for in the Receipts and Payments Account. It is provided in the notes lo the accounts at the request of the Trustees. The annual rates are Motor Vehicles Improvement lo Premises Tools and equipment Office furniture 250/c* reducing balance Straight line over 15 years Slraighl line over 4 10 8 years 250/0 reducing balance It should be noted that capital expenditure on assets is funded out of investrnenls funds when il occurs. 1.4 Investments Investments are slated in the accounts at market value. 1.5 Investment income Investment income comprises dividends and interest received in the year. 1.6 Llabilities Under the terms of the Visitor Centre Disposition the Trust is liable for the maintenance of access tracks, water supplies and fences. 11 is also liable for 800/0 of the costs of maintaining the Bridge of Tanar. In line with the Disposition, the Trustees periodically review maintenance requirements. 2. Reconciliation of Investments 2025 2024 Opening investment at cost Acquisitions Disposals Net increaselldecreasel in cash Investment Impairment Closing investment cost Note.. Market value ol investments 898,114 263,583 1243,9841 13,092 154 908,867 120,832 1112,6521 119,1441 211 930,959 898,114 1,105,564 1,161,299
Glen Tanar Ch8rltable Trust Scottish charity number SC007883 Notes to the Accounls for the year ended 31st March 2025 3. Truslee expenses and remungratlon The trustees all give freely of th911 time and expertise without any form of remuneration or other benefit in cash or kind12023 - £nill. No expgnses were paid to the trustees during ihe year {2023 - £nil). 4. Employees and remunerallon 2025 2024 The total remuneration paid during the year was 45,648 39,094 The average number of employees during the year was- 5. Related transacllon8 ruslee, is also a Iru8tee of the Glen Tanar Estate. Goods and services were rendered throughout the year by Glen Tanar Estate. The nalure of the goods and services was the provision of lab)ur and materials fgr the repair and maintenance of Trust property, Ihe provision of accommodation lor a Trusi employee, bookkeeping and adminlstratlon servlces. The value of these sarvlces durlng ihe year amounted to £20.56412024 - £16.975'. No amounts were written ott during the year. The amount to be paid as at 31st March 2025 was £nil12024 £Nil). 6. Inve8lment Income 2025 2024 Interest and dividends.. Interest and dividends received - g8neraJ fuThJ Dividends received - restricted fund 27,459 701 28,079 554 28,160 28,633 7. Other contributions 2025 2024 Braeloine visit Centre Car Park Donations Tecemed 17,578 747 19,928 3,610 18,325 23,538 No donations received in 2025 are tor restricted purEMJses (2024 - £nil).
Glen Tanar Charllable Trust Scott15h charity number SC007883 Notes to the Accounts for the year ended 31st March 2025 Flxed Assets Motor Chapel Ofllce Vehicles Equipmenl Equiprnent Property Improvements Total Cosl As al 1 st April 2024 Additions Disposals 26,000 60,528 32,670 22,220 6,005 147,423 26,000 60,528 32,670 22,220 6,005 147,423 Depreciation As al 1 st April 2024 Eliminated on Disposals Charge for the year 60,528 15,824 22,220 5,647 104,219 4,212 90 4,302 60,528 20,036 22,220 5,737 108,521 Nel Book Value As at 1 st April 2023 26,000 16,846 358 43,204 Net Book Value As at 31 st March 2025 26,000 12,634 268 38,902 9. Countryside Ranger Service 2025 2024 Wages and employment costs Rent payable Training Protective clothing Health & Safety Sma15 Tools Heat and light First aid, cleaning and sundries 51,674 9,000 42,319 9,000 327 189 750 2,216 688 232 35 242 2,584 600 64,850 55,012
Glen Tanar Charitable Trust Scottish charity number SC007883 Notes to the Accounts for the year ended 31st March 2025 10. General Expenses 2025 2024 Repairs and maintenance Repairs to Visitor Centre Motor and Iravelling expenses Telephone and radio expenses Stationery, postage and computer costs Insurance Publications and subscriptions Donations Administrative expenses Professional fees Chapel ol Lesmo Bank charges and payment processing costs 1,693 1,567 2,435 978 1,146 2,237 206 242 9,100 4,441 2,982 328 1,661 8,497 3,116 676 669 2,077 120 361 5,460 5,063 4,164 966 27,355 32,830 Accounting lees are included in professional fees. The accounting fees for the year ended 31st March 2024 were invoiced and paid for in the year ended 31st March 2025. 11. Funds- Bank and cash balances At 01104124 Recelpts At Transfers 31103125 Payments Unrestrlcted 9,634 91,154 {91,3701 9,418 Restrlcted Chapel of St. Lesmo Riparian Tree work 5,274 399 701 {8351 5,140 399 5,673 701 18351 5,539 Tolal balances 15,307 91,855 192,2051 14,957 Chapel of St. Lesmo - the reslricted funds were gifted lo the Trust by the Honourable Jean Dagbjort Bruce to support and maintain Ihe Chapel of St. Lesmo and the surrounding area. The funds were given in the form of shares. Fliparian Tree work - a donation towards riparian tree planting work. 10