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 SerVi￿s 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 se￿iCe 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