GLASGOW AYRSHIRE SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH NOVEMBER 2025 ILA. Ckmemt & Co. rporatillg ClemeAt & Som) Cbartered Cerilfied AceouAtsthts 1 &gford Sireet KAI 2BZ Tel.. (01563) 522783 F*x: (OK563) 571073 Prlttelpals: WA Wyllle Bryson
SOCIETY INFORMATION DIREcroiis: Rev. Fraser Aitken (President) N. Martin B. Wljalen A.G. McKinlay G. Paton R. Hunter K. W. Gray SECRETARY AND TREASURER: A.G. McKinlay C.A PRINCIPAL ADDRESS: 28 Bathurst 1ve AYR KA7 4QN SCOTTISH CHARITY NUMBER: SC007902
REPORT OF THE DIREcfoRS: The Dir¢ctors present their Report and Accounts f<K the year ended 30th November. 2025. STRucfuRE. GOVERNMENT & MANAGEMENT: The Society was instituted as a Charitable Organisalion in 1761. The objectives of the S(Kiety are:_ To provlde financial assistancc to people resident in Ayrshire or with Ayrshire ConntionS who are in difficult financial circumgiances, particularty the elderly and infirni. To provid¢ fjnancial help for Ayrshire Students to assist them with further education. To support Ayrshire based Charities and appliution5 of a ¢h8rncter building or educ4tional nature from Ayrshire Organisations and Clubs. RISK MANAGEMENT: The DiTectors continue to identify and address any pe¢1ved risks to the integrity and continued wellbeing of thc Society and its activiti¢s. They identify, as a major pxential risk, external eci)nomic events leading lo declining pcrfonnance of Stock Exchange held investm¢nts and to th¢ present very low returns on governmeni and other low risk stocks. To offset such risks. the DirectOTS have agreed with their profc55ional investment advis¢T5 to mainlain the risk profik of the S¢xiety's investments 41 medium risk. ACHIEVEMENTS, PEIiFORMANCE AND FINANCIAL REVIEW: The income from All sources for the year amounted to £18.868 (2024 - £17.858). R¢sources cxpended including grant payments. payments to the annuitant and investsnent management fees amounted to £18,362 (2024- £17.439). The market value of ihe list¢d securities in¢ms¢d during the y¢ar by £11,146 to £525,542 (2024 - in¢r¢ase of £30.826). The Resources of the &Ki¢ty are all of a Gcnernl and Unrtstricied Nature. RECRUITMEKf AND APPOINTMENf OF DIREORs. Dire¢tors arc appointed to the Board by ¢xistin8 Members bui fall to retire from offi¢e by rotation evcry three yr$. All the Dlrectors shown above, held oifi¢¢ throughout the year. The Directors retiring by rotstion at the Annual General Meeting and eligible lor Te<Jection are MT N. Martin. Mr. A. MeKinlayJ and Mr B Whalen. By Ord¢T of tbe Board Alan G. MCK. Z47L
REPORT OF INDEPENDENT EXAMINER ON THE ACCOt]NTS FOR THE YEAR FNDED 31)TH NOVEMBER 202S I rep)rt on the Accounts of GlaOW Ayrshiff SL*iety for the yetr ended 30th November. 2025. which e set out on pages 5 to 9. RESPECTIVE RKSPONSIBILITIES OFDIRECTORSAND EK4MINER.. The Directors are responsible for the preparation of the Accounts in a¢¢ordance with the ternis of the Charittes And Tnjstee Invesimeni (Scotland) Act 25, and the Charities Accounts (S¢otland) Regulations 2006. The Direclors eonsider that the audit requir¢ment of Regulation 10(1 Xd) of ihe Accounts Regulations does not apply. It is my reSFK)nsibility to examine the Accounts. as required under Section 44(IXc) of the A¢L and to state whether picUlar marteTS have come to my attention. BASIS OFINDEPENDENTEYAMINER SSTA TEMENr.. My examination is ¢8rried out in acwTdan¢e with Regulation I l of the Chariti¢s Accounts (Stland) Regulations 2(K)6. An examination includ¢s o review of the accounting records kept by t Charity and A comparison of the accounts present¢d with those records. It also includ¢5 consideration of any unusual items or disclosures in the Accounts and seeks explanalions from the Director5 concerning any Yuch matters. The procedures undert8k¢n do not provide all the evidence that would be required in an audit and. ¢onseguently> I do not ¢xpr¢ss an alt opinion on the view given by the A¢¢ounts. INDEPENDENT£XAMINER S STA TEM,. In the cours¢ of my examinations, no matter has come to my attenlion. Which gives me reasonable cause to believe that in any material respect the requirem¢nt5.' to keep a¢couniin8 records in ac¢ordanc¢ with Section 44(IX&) of Ihe 2005 Act and Regulalion 4 of the 2006 AOunt5 Regulation4 and b) to prepare accounts which accord with the accounting reo)rds and ¢omply with Rc8ul&tion 8 of the 2006 A¢counts Re8ul#iion4 have not been Inei or 2 To which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to b¢ reached. W.A. Wyllie. F.C.C.A. R.A. Clement & Co. Chartered Certified A¢unwits I Seaford Street KILMARNOCK KAI 2BZ rp/3 /JL
GIASGOW AYRSH SOCIETY STATEMEKf OF DIREcfoRS' RESPONSIBILTfiES The Charities and TThstee Investsnents (S¢otiand) Act 2005 and The Charities Arxouthts (Scotland) Regulations 2006 require the Directors to prepare FiEwKial Statements for each financial year which give a true and fair view of the Society's financial activities during the year and of its financial posttion Ai the end of the year. En pr¢paring Financial Stktements giving a true and fair view. the Directors $hould follow best prdetiee as laid down in the Financial R¢ting Standard for Smaller Entities the Statement of Recommended Practice Accountin8 Rep)rting by Charities (2005) 8nd:_ select suitable accountin8 poli¢i¢s and then appty th¢m wnsist¢ntly' make judgements ¢slimates that aTC reasonable and prudent; statc wh¢th¢r applicable accounling staDd8rds ststements of recommended practice have been followed, subject to any deparfures disclosed and cxplained in the financial slatements. pr¢pare the financial statements on the goin8 ¢oneem basis unless it is inappropria* presume that the Society will continue in operniion. The Direotors are responsible fot keeping accountin8 ffecords which dIloSe. with reasonable a¢curh¢y. the financial pogltion ofthe Society, whi¢h ¢nible them to ascettsin the financial position of the Society artd which enablc them to ensure that the financial statements comply with the Regulations. They are also r¢$ponsible for safe8U8rdin8 the assets of ihe S(Kiety hence for taking reasonable st¢P5 for th¢ Prevention and detection of fraud and other irregularities. The Directors confirn) that the Financial Statements eomply with th¢ aEK)ve requirements.
STATEME OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 30TH NOVEMBER 21)25 Not¢ 2025 2024 COMNG RESOURCES: Investment Income 18,800 16,928 Membership Fees 60 30 BAnk Compensation 150 Donations TOTAL INCOMfNG RESOURCES 750 18,868 RESOURCES EXPENDED.. DIRECTLY RELATED TO CHARITABLE A[vITIEs. Payments to Annuitants 750 925 Grants Paid 9,5fy) 10.250 7,500 8,425 ADMtNISTRATIVE & OTHER EXPENDfTURE.. Secrctary and Tr¢asur¢es Fe¢ 2,400 2,400 Independent Accountan¢s Examiner's Fee 1,050 1,782 Sioekbroker$' Fees 4,662 4,738 GenerAI Charges 94 9,014 8.112 TOTAL RESOURCES EXPENDED: 18,362 17.439 NET INCOmGI(0uTGoG) RESOURCES: CIFd ... 506 419
STATEMKiYf OF FtNAIYCIAL AcfivTrIKs FOR THE YEAR ENDED NOVEMBER 2025 Note 2025 2024 NET INCOMING RESOURCES 506 419 OTHER RECOGNISED GANS AND LOSSES: Realised G#insl{Losses) on Investments (20.794) 5,000 Investment Revaluation Reserve Increase 35,688 17,731 TOTAL RECOGNISED GAINS AND (LOSSES) 14.894 22.731 NET MOVEMENT IN FUNDS 15.4(Ki 23,150 General Fund Brought Forward 556,291 533,141 GENERAL FUND CAiiRIED FORWARD 571,691 556,291
BAL41YCE SHEET AS AT 30TH NOVEMBER 2025 Note 2025 2024 FIXED ASSETS: INVESTMENTS.. Listed Securities 525,542 514.396 CURRENT ASSETS: Income R0Verable 799 839 Bank A¢wunts 45,350 46.149 41.056 41.895 CURRCNT LIABILITIES.. Accrued Charges NEf CURRF.NT ASSETS 46.149 41,895 TOTAL NET ASSETS 571.691 556.291 FUNDS OF SCtIETY: UNRESTRICTED CyENF.RAL FUND.. P¢r Stslcm¢nt of Financial Activities 571,691 556.291 Submitted and AprKoved L)n behalf of the Board Dated.. Rev. Fraser Aitken- President
NOTES TO THE AccouNfs FOR THE YEAR ENDED 30TH NOVEMBER 2025 ACCOUNTING POLICY: tNVESTMENTS- LigfED SECURrriES: These Are shown at Market Value and any variation from original cost is taken to Investm¢nt Revaluation Reserve on the Statement of Financial Activities. GRANTS PAID.. 3 Individual {2024 4) Hanstl Village Megan's Space Ayrshire C8nc¢r Support Er5kinc Hospilal Marie Curie Cancer Care Alzheimer Society Scotland Teenage Cancer Trusl Whiteleys Retreat Newton Primary School Night Before Christm&s Campaign S¢awpc Ayrshir¢ Musi¢ F¢slival 2025 2.500 i.ooo soo I.IK)O 500 2024 2.500 500 1,000 500 I,(0 500 500 1,000 500 500 1,000 7,500 500 500 9,500 INVESTMENT REVALUATION RESERVE.. Market Value of Listed Securities at 30.11.25 Book Value of Listed Securities at 30. 11.24 525,542 455,682 69.860 514.396 479,998 34,398 Reserve Balanee 1.12.24 Adjustment 34,398 226 34,172 16,893 226 16.667 Net Incre8sel{Decr¢as¢) to Statement of Financial Activities 35,688 RELATED PARTIES: Mr N Martin is Chairnlan of Whttel¢ys Retreat. None of the other Directors of the Society have any wnnections lo recipients of organisations receiving Grants. REMUNERATION OF DIREcfoRS.. Th¢ Secretary and Treasurer is remunerntwj, as $lw on the Ststement of Financial Activities. None of the other Directors received any remuneration from the Society during th¢ period under revtew and in the previous peri(Ml no remuneration was paid to any Director.