Charlty registration numbèr SC009451 TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 JRW HOGG& THORBURN Charter accountants
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) LEGAL AND ADMINISTRATIVE INFORMATION TrusteeB Mr P Hall Mr N Jackson Mr R Filch Mr T Dailow Mr N Wolherspoon M5 Jen Ishetwood Ms Rhona Morrison Mr lain Hamilton Mr Sandy Cleland Mi Paul McGreal IAppointed 2 July 20251 (Appointed 2 July 20251 IApptsinted 2 July 20251 (Appointed 2 July 20251 (Appointed 2 July 20251 Charlty rnglstration Scotland SC009451 Principal addre$$ St John Base High Street MELROSE United Kingdom TD6 9RY Independènt •xaminer Kevin Ferguson Riverside House L8dhope Vale Galashiels TD1 1BT
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) CONTENTS Page Trustees, report Independent examinerfs report S181emenl of financial activities Balance sheet 10 Notes lo the financial staternents
TWEED VALLEY MOUNTAIN RESCUE TEAM {SCIO> TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2026 The trustees present their annual report and finan¢ial statements for the year endèd 31 March 2026. The financial statements have been prepared in accordance with th8 accounting policie5 sel out in note 1 to the rinanci81 sl8lements and comply with the Charity's governing docvment, the Charities and Tiustee Investment {Scotland} A¢1 2005, the Charities Accounts Iscotlandl Regulations 2006. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting and Reporting by Charities.. Staternenl of Recommended Practice applicable to charities preparing their accounts in accord8nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Objectives and ¥¢tivitl•s Objectives •nd alms The organisalion's purposes are to facililale through Mountain Rescue Ihe saving of lives, the advancernenl of health, and the location and relief of people who are lost, injured. missing, or otherwise in need of assistance. For the avoidance of doubt, the term 'Mount3in Rescue ' include$ all terrain search arTrd rescue, and also such community resilience actiwties as are deerned appropriate by the Gharity trustees Inorrnally. bul not èxclusively, in agreement with the Chief Constable, Police Serw¢8 of Scotland or a delegated police officer). Other areas ol team activity ale.. Providing assistance lo the community during adverse we81her events. - Active participation in Scottish Mountain Rescue Maintaining ielationships with partner organisations such as Police Six)118nd, Scottish Fire and Fiescue ser. Scottish Arrbulance Service, HM Coastguaid Search and Rescue Helicoptèrs, Scottish 8order5 Counal a neighbouring Mountain Rèscue Tearns affiliated lo Scottish Mountain Rescue and Mountain Rescue England and Wales. Piornotion ol safe practice in the mountains and hi115 Public ben8fil The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 A¢tAvi1$ Background In September 1963 the first search and rescue team was fomed in the Borders. Originally the only one ol ils kind in the South of Scotland and North-East ol England. the group ol volunteers wa5 named thè Border Search and Rescue Unit. The idea behind the formation ol the original unil was prompted mainly because of an increase in the number of persons, particularly young and inexperienced in hill ¢raft. walking the Cheviol Hills in all seasons, and because of the then recent death5 in a snowstorm of two shepherds on the Northumbertand side of the Cheviot. Due lo an inciÈase in the number ol incidents In both the Tweedsmuir and Lammermuir Hills, by 19S8. the unit con5151ed of three sections the Roxburghshiie Section based at Yetholm., the Berwi¢kshire Section based 81 Duns and the Selkirkshire Section based at Galashiels. The section which was based in Galashiels quickly became established as a team in its own right and was named the Tweed Valley Mountain Rescue Team in 1973. Over the years thè tèam has assisted the Police. and other agencies, whenever asked in a wide range of ts$ks, often working alongside members ol the Border5 Sear¢h and Rescue Unit which now operates from Kelso The tasks have ranged frotn the horrors of Lockerbie lo rescuing sheep stuck on ledges., from searching mi551ng children to searching for despondent adults., from evacuating injured hill walkers to recovering the bodies ol suicide ctims., from assisting at times of flood lo assisting during periods of heavy snows,. indeed providing assistan over a much wider remit than the name Mountain Rescue Team rnighl Suggest. The area covered by the team includes significant expanses of open hill ground, lore51s, rivers. lochs, as well as villages. towns and the City of Edinburgh. Although the team gets involved in a wide range of tasks the most comrnon is missing person search work The team has developed ils skills in this area and has Iiainèd Search Managers who work alongside Police Officers on such inadents. A high priority for the tearn is lo ensurè the safety of its own members and those affected by 115 operations. Training is the key and the team undertakes to Iiain members in the skills reqLSiied to carry out rts main tasks The team continues lo train every Wednesday night as il has done since its earliest beginnings, as well as OaS1Onal Sundays and weèkènds on all hill craft and rnounlain rescue techniques. The tearn today is, in some ways, very differenl to that which started in the 1960's. However. it has not changed in one very important way - it is still made up of commrtted volunteers from all walks of life who share the desire lo hèlp another fellow human who rnay be suffering and need help. The team will continue to evolve to meet the allenges which lie ahead to assist Poli¢e Seotland and the comrrunilies of the Borders.
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Charitsble a¢tivities In 2025. we weie c811ed out 54 times over 51 incidents and expended 1739 peison-hours on these jobs In 2024 we were called out 81 times over 80 incidents and expended 2364 person-hours on these jobs. The large drop in Callout number is largely due lo Significantly fewer callout5 to the new trails in Glenlres5 Iwhi¢h opened in late 20231. It is worth mentioning that il we removed the callouts lo thè new trails in Glentres5 in 2024, then our remaining Callouts for that year would have nUmbed 53 which would have been nearer the recent aver89e. In 2025, 44°h of callouts were to 'SAS assist" tssking. This is a decrease on 2024156QAI and reflect5 the lowèr pèrcentage ol MTB callouts. Thesè are mainly jobs involving mountain bikers and hill walkers In rural setling5. The 2025 percentage breakdown of callouts fairly closely rllalches the main categories listed in our Family Booklet 12017-2021 aveiagesl. The percentages foi 2025 15 yr average 2017-2021 in brackets) are.. Missing persons 32° 130°knl,' Mountain Biking 33% 127°Al,' Hill walking.. 24¢/ts126°/.I', Various other.. 90/0111 OAI," Equestrian.. 2°/o120kl", Civil Resilience.. O°/013°kl', Al Work." O°k11°kl. The peroenlages for Mountain Biking have rètumed closer lo the average after the rise last year. In terms of the MoLJntain Biking callout5 this year". 2 callouts were in Cabeiston., 12 callouts weie in Glèntress,. 3 callouts were in Innerleithen and 1 calloul w8$ elsewhere. In 2024, 2 ¢allouts were in Caberston,. 32 ¢allouts were in Glentre55.' 1 Callout was in Innerleithen and 2 callouts were elsewhere. In 2025, 4 callouts involved fatalities la reduction on 20241. The hours we spend Idui81ionl on the different categories of callouts remains broadly in line with the Farnity 8ooklel li51ings." Missing Person searche5 3-10 hours, Mountain Biking 2-3 hours". and Hill Walking 2-5 hours. Similarly. the number of members involved in callouts rèmains broadly in line with Family Booklet figure5. In 2025. the maximum numbei on Hillwalking callouts was 14 with 9enerally 8-14 available The maximum number on MTB ¢alloLJts was 22 with generally 9-15 8V8ilable. The maximum number on Missing Person callouts was 19 with generally 9-15 available. In terms of where we were tasked (Local Authority areas), in 2025, 740A of callouts were in the Scottish Border5 ale8 In 2024, 64°/0 of callouts were In the Scottish Borders area In 2025, 6°k of callouts were in City if Edinburgh.. 5°h in West Lothian,. 13°k in Mid Lolhian". and OQA in East Lothian. In 2024, 31°A of callouts were to City of Edinburgh and the Lolhians. In 2025, 11°h of callouts werè to the Pentland Hills. In 2024, 16°k ol our callouts were to the Pentland Hills In 2025, 20/0 of callouts were outside our area. So in 2025 we saw an increase in callouts in Scollish Border5 with a reduction lo the Lothians land Pentlandsl and outside of our area.
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Achievements and p•rfomiance Significant a¢hvities and achievements 8g8Nnsl objectives Tèam Leaderfs Report 202512026 As last year, let me please begin by thanking each and every team rnember, and their families and fiiènds, for the many hours you spend in various ways SUPPOrting the purpose ol the Tweed Valley Mountain Rescue Team the saving of lives, the advancement of health, and the location and relief of people who are lost, injured, missing. or otherwise in need of a5sislanee. This team. this ¢harity us are viewed as being integral within the communty we serve, whether it's in the northern part of the area, covering Edinburgh Arthur's Seat and the Penllands. the Central Belt. down Into the Tweed Valley frorn Peebles through to Melrose in the East and heading way down south to Newcastlelon and the 8orderlands. In recent fund-raising activities, we have had piaise heaped upon thi5 team and its member5 by Seottish Police, Scottish Borders Council and the rnany within the mountain biking communty we should all be very prDud of this. Turning to call outs over the last year- 2025 saw us hrt 51 call outs, totaling 1739 hours, with, until earfy May 2026, figure running at 14 call outs, with 230 hours of learr rHember time. Again, these call outs are a mix of hill users walkers, bikers, riders. el with a variety of things going on heart issues, broken bones, lost or just needing help getting off the hill. From feedback from the casualties we rescued. all are very relieved at seeing the team turn up, wrth a smile, a joke and a few comforting words. The apparent reduction in calls seems to be mirrored in our nèighboring teams, with both BASRU and Ochils seeing a similarly low number towards the end of last year and into 2026. The team continues lo push the boundaries of training and preparation, with the rn1 roll out of new first aid training, via Rhona, Jen, Neil J. Neil W land his team) being an excellent addition to what 15 really a Stage 1 RRMT training, closing that gap between the BASP and the RRMT tiaifiings. And RRMT goes from sliength to strength within the team, with nearly 20 learn members now trained. The Training and Medical Group5 herè needs to be commended lor the great work they continue lo do. Even the rigging has been madè easy - ok, ea5ierl which is no mean feall On the mernbership front. we have seen the introduction of the Honorary, Operalionallcall Out and Associate Membèrship levels, which seem5 to have been well received, with 7-8 team members now in the Assoaate role. This has allowed us to bring in new team members whilst retaining the knowledge, skills and 'personalities' ol some very well-respected team member5. The nèw tèam members are indeed the team's future... Finally I would like lo say a huge thanks to the members of the cornmittee who have had to put up wlh quite a lot this year, including some daft ideas, some change5 to structures and an evolution of the team and it operates, the next land fina1?) slep being thè piloting of a Chairrteam Lead split. We are evolving the team to be as future proof as we can be, to give the next leaders and team rnerrber5 confidence that this charity is run as professionally as PL)ssible, transparently and safely. whère the casually aayS comes first. Thank you. Pete Ha11 Team Leader, Tweed Vallèy Mountain Rescue Team
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) TRUSTEES, REPORT {CONTINUED FOR THE YEAR ENDED 31 MARCH 2026 Fin•n¢i•l fyview In line Mth othèr Scottish MRT'S the te8m continued lo receive funding from the Scottish Govemment during this period. The overall re5utts foi the year show a loss 01 £3,742 12Q25.' £56,871 surplusl, which is after £29,242 of depreciation12025 £27.3021 Total income for the year decreased to £68,074 from £117.746. The team continues to attend various local activities, such as mountain biking events. lo provk1e first aid cover and raise funds for general use in the piovision of our core objectives, thèse amounts are noim811y included in the fundr815ing figure recorded in the accounts. This year the income from fund raisin9 events ha5 deoreased to £9,914 from £10.386. Unfortunately it 15 impracti¢al to list all those individuals and organisations who h8ve donated fijnds 01 goods and services to the team, but the Committee would like to tske this opportunity to expres5 115 thanks to all who havè done so in the last year. Total expendiluie Increased in the period lo £71.816 from £60,873. ResoThes policy Due lo the uncertain nature ol funding for capitsl expènditure the team has adopted a policy ol having designated fkjnds for the replacernent of team vehicles, into which an amount is transferred each year from the general fund. The committee considers that the level of general reserves held at the year end is appropriat8 to the Team a5 there is no agreement in place for the continued receipt of major funding from the Scottish Govemment. Structure, governance and management Tweed Valley Mountain Rescue Team was olficially formed following an Extraordinary General Meeting held in November 1973. At this meeting, members of the Selkirkshire section Ifoimed 19881 of the Bordèrs Search & Rescue Unit voted lo change the name to Tweed Valley Mountain Rescue Te8m and amend ihe existin9 constitution to reflect that change of name. From 1st February 2015 the team changed rts constitutional form to become a Scottish Charitable Incorporated Organisalion ISCIOI. The SCIO operates with the same name and charity nurnber as the previously unincorporated charity. having transferred all its activities, assets and liabilitie5 from that date. As a result the SCIO constitution is the most recent one and became effectivè from 1 February 2015. The trustees who served during the year and up lo the datè of signature of the financi81 statements were.. Mr l Brydon IResigned 2 July 20251 Mr D Wiight IResigned 22 August 20251 Mr P Hall Mr N Jackson Mr P MacDonald Mr P Calhrow Mr R Fitch Mr C Wilson Mr T Darlow Mr N Wothèrsp<)on Ms Jen Isherwood Ms Rhona Morrison Mr lain Hamilton Mr Sandy Cleland Mr Paul McGreal (Resigned 2 July 20251 (Resigned 7 August 20251 (Resigned 2 July 20251 (Appointed 2 July 20251 (Appoinled 2 July 20251 (Appointed 2 July 20251 (Appointed 2 July 20251 (Appointed 2 July 2025} Resruitment and appointment oftrustèes Trustees are reciuited from team members with levant experience, and ale appointed at the Annual General Meeting, or co-opted 85 appropriate.
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Organisation81 stmctu Gènèral structure The structurè of the team consists of=. the MEMBERS who have the right lo attend membèrs. meetings (including any annual general meeting) and have important powe[$ under the constitution., in particular, the members appoint people to serve on the exe¢utive and lake decision5 on ¢hangèS to the constitution itself The number of members ol the organisation will be held at a level deemed appropii8le by the executive at any lime in order that the organisalion can effectively achieve 11$ purposès". e EXECUTIVE who hold regular meetings. and generally control the a¢tivili8s of the organi5alion". for example, the EXECUTIVE is responsible for monitoring and controlling the financial p0511ion of the organisation. MEMBERS Qualifications for membership Membership is open to any individual aged 16 years and over who arè prepared to support the purwses of the organisation. Employee5 Of the organisation are not eligible for membership. Application foi membership - Any person who wishes lo become a member musl 8pply in writing to the team and then follow the requirements ol membership. The executive may, al its discretion, refuse to admit any person to membership. The exe¢utive must notify each applicant promptly lin writing 01 by email) of ils decision on whether or not to admit himlher lo membership. Merrbership subseription No membership subsciiplion will be payable. Register of members The executive mu31 keep a gIster of members EXECUTIVE The Team's managing body is a committee consisting of experienced members in key roles. as listed on page 1. which meets regularly throughout the year. The committee members are ele¢led at the Annual General Meeting and hold their oftices for varying periods. Members of the Executive (Charity Trustees) The maximurll nurnber of charity trustees is 12. The minimum number of charity Iruslees is 3 A person will not be eligible for election or appointrnenl lo the executive unless helshe is a member of the oiganisalion. A person can be co-opted lo the Executive Ihiough opèration ol clause 59 of the ¢onstitution or sland ft)i election in terrns of clauses 58. 59 and 60 thereof. A person will not bè èligible for election or appointment lo the executive il helshe is". disqualified from being a charity trustee undei the Charities and Trustee Investment Iscotfandl Act 2005.. or an employee of the organisation. Register of charity trustees The executive rnust keep a registèr of charity trustees Decision making Except where the constitution states olhetwise. the organisation land its assets and operations) will be managed by the executive.. and the èxecutive may exercise 811 the powers of the organisation. A meeting of the executive at which a quorum 15 piesent may exerase all powers exerrysable by the executive The members rnay. by way of a resolution passed ill compliance with clause 45 01 the ¢onstitution Irequiiemenl for fv40-Ihirds majority), direct the executive to take any particular step or direct the executive not tr) take any particulai step. and the executive shall give effect to any such direction accordingly. Procedure at board meetings No valid decisions can be taken 81 an èxécutive meeting unles5 a quorum is presenl,. the quorum for executive rneetings is 50QA of charity trustees appointed at the last AGM, present in person. Every charity Iruslee has one vole, which rnu51 bè given personally. All decisions al exècutive meetings will be made by majority vote. If there is 8n equal number of voles lor and against any resoluli(>n. the chairperson of the mèèting will be entitled to a second1¢8Stingl vole. The executive may. 81 ils discretion, allow any person lo attend and speak at an executive meeting notwithsl8nding that helshe is not a charity trustee- but on the basis that hèlshe must not participate in decision-making.
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2026 Othermatters Related parties A charity trustee must not vole 81 a executivè meeting lor at a meeting of a sub-committee) on any resolution which relates lo a matter in which helshe has a person81 intèrèst or duty which confli¢t5 lor may conflict) with the inte$tS of the org8ni5alion," helshe musl withdraw from the meeting while an item of that nature is bèing dealt with. For the purposes of the above". an interest held by an individual who is "connected" with the charity Iru$leÈ under section 68121 ol the Charities and Trustee Investment IScollan($1 A¢t 2005 {husbandlwife, partner, child, parent, brotherlsisler etcl shall be deemèd lo be held by Ihal charity Iruslee.. charity IIu51ee will be deemed lo have a personal interèst in relation to a particular matter if a body in relation lo which helshe is an employee, director, member of the man8gement committee, officer 01 eleed representative has an interest in that matter. Ri$k m•nog•m•nt The Iiuslees havè a duty to identify and ieview the risks to which the charity 15 exposed and to ensure appropriate cA)ntrols are in pla lo provide reasonable assurance against fraud and error. The commfftee has a55essed the major risks to which the team is exposed and suitable systems have been put in place lo rnitigate these as far as possible. The trustees, report was approved by the Board of Trustees. Mr P Hall Trustee 3 June 2026
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIOI I report on the financial statements of the Charity for the year ended 31 March 2028, which are sd out on pages 9 to 19. Re$p&ctlve responsibilities of trustees and examiner The Charity's trustees are responsible for the preparation ol thè financial statements in 8¢¢ordance with the terms of the Charities and Trustee Investment Iscotlandl Act 2005 and the Charities Accounts {Scollandl Regulations 2006 The Charity trustees consider that the audrt requirement of Regulation 1011llaklcl of the Charities Accounts IScotlan(Jl Regulations 2006 does not apply 11 is my responsibilty lo examine the financial statements as required under 5edion 4411 Ilcl of the Charities and Tru51ee Investment (Scotlandl Act 2005 and to stale whether particular matters have corne lo my attention. Basis of independ¢nt èxaminer's statement My examination is carried out in accordance with Regulalion 11 of the Charities Accounts Isccillanifj Regulations 2006. An exarnination includes a review of the accounling records kept by the charity and a Comparis¢ of the financial statements presented with those recoids. 11 also includes consideration ol any unusual ilerns or dis¢losures in the financial slatetnenls, and seeking explanations from the trustees concerning any such matter5. The piocedures undertaken do not provide all Ihe eviden that would be required in an audrt. and consequently I do not express an audit opinion on the view given by the financial slalements. Independent ex#min•ls statement Since the Charty has prepared its finanrial ststèments on an accruals basi5 and is also registered in Scotland, the independent ex8miner must be a rnember of a body listed in Regulation 11121 of thè Charities Accounts (Scotlandl Regulations 2006. 1 confirm that l am qualified lo undertake the examination because l am a rnembei of The Institute of Chartered Accountants of Scotland, which is one of the listed bodies. In the course of my examination, no matter has come to my attention 1. which gives rne aSOnable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with Section 4411llal of the Gharilies and Truslee Investrnent Iscollandl Act 2005 and Regulation 4 of the Gharrties A¢eounts (Scotlandl Regulations 2006, and to prepare financial statèments which accord with the a¢¢ounting records and comply with Regulation 8 of thè Charities Accounts IScollan($1 Regulations 2006 have not been met, or 2. to which, in tny opinion, attention should be drawn in order to enable 8 pioper understanding of the financial statements lo be leached. Kevin Fè uson Riverside House Ladhope Vale Galashiels TD1 1BT 3 June 2026
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2026 Unrestrlcted Restricted funds ftjnds 2026 2026 Total Unrestricted R¢strlcted funds funds 2025 2025 Total 2026 2025 Notes In¢omè from: Donations and legacies Charitable activities other Iiading a¢tivitiès Inveslrnenls 21,009 21.009 32,379 9,914 4,772 29,819 37,001 38,026 66,820 36.026 10,386 4,512 32.379 9.914 4.772 10,386 4,512 Total Income 35,695 32,379 68.074 44,717 73,027 117,744 Expenditure on.. blè activities S8ving of Lives 11,925 59,890 71,815 9,538 64.835 74,373 Other expendituie 113,5001 113,5001 Totsl expendlture 11,925 59,890 71.815 13,962} 64,835 60,873 Nèt Incomellexpenditurel 23,770 127,5111 13,7411 48,679 8,192 56.871 Transfers between funds 19,8511 9,851 111,046) 11,046 Net movement in funds 13,919 117,6601 {3,7411 37,633 19,238 56.871 Reconciliation of funds: Fund balanS al 1 April 2025 367,246 166,298 533.544 329,613 147,060 476,673 Fund balan¢e$ at 31 March 2026 381,165 148.638 529,803 367.246 166,298 533,544 The staternent of finanaal activities includes all gain5 and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pages 11 to 19 form p8rt of these financial staternent5.
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) BALANCE SHEET AS AT 31 MARCH 2026 2026 202S Notes Fixed a$¥ets Tangible assets 250.920 280,161 Current assets Debtors Cash al bank and in hand 10 10.46 269,417 9.166 245,973 279,883 255.139 Creditors.. amounts f¥lling du• wlthln one year 11 11,0001 11.7561 Net current assets 278,883 253,383 Total assèts less current liabilities 529,803 533.544 The funds of th• Charity Restricted income funds Unrestricted fund5 148.838 381,165 166.298 367,246 529.803 533.544 The notes on pages 11 to 19 form part of these finanal slalements. The financial statement ere approved by the trustees on 3 June 2026 MrPHa Trustee Mr N Wolherspoon Tru$ts• 10-
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounting policies 1.1 Basis of preparatlon The finanaal statements have been prepared in accordance with the Charity's governing do¢ument, the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts Iscotlandl Regulations 2(K)6, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Irèland" and the Gharilies SORP "Accounting and Reporting by Charities.. Slatetllent of Recommended Practi applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021" The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage ol the provisions in the SORP for charrties not to prepare a statement ol cash flows. The financial staternents are prepared in sterfing, which is the functional ¢urrencg of the Charity. Monetary amounts in these financial staternents are rounded to the nearest £. The financial statemen15 have been prepared under the historical cost convention, modrfied to include the revaluation of treehold properties and to indude investment properties and certain finan¢i81 instruments al lair Value. The principal accounting policies adopted are set out below 1.2 Going concern At the time of approving the financial slalements. the trustees have a reasonable expectation that the Charity has adequatè resources to continue in oper81ional existence for the foreseeable future. Thus the litee$ continue to adopt the going concem basis of accounting in prèparing the finanaal 51alements. 1.3 Charitable funds Unrestricted funds are available for use al the discrètion of the trustees in furtherance of their charitsble objectives. Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of thè restricted funds are set out in the notes to the finanaal 51alements. Endowment funds are subjecl to specific ConditnS by donors Ihal the Capital must be maintained by the Charity. 1.4 Income Income is reeognised when the Charity 15 legally entitled to it after any perfomance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recogni5ed on receipt. Other donations are recogni5ed (>nce the Charity ha5 been notified of the donation, unless performance con(Jilions require deferral of the amount. Income tax recoverable in relation lo donations reTrived under Gift Aid 01 deeds of covenant is recognised at the time of the donation. Legacies arè recognised on receipt or olhetwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. 11 the amount is not known, the legacy is Iiealed as a conlingenl asset. Donations in Klnd Where il is possible to readily place a value on goods and services donated to the Team these have been included within the accounts. Where no value 15 readily available no account has been made for the items. The time input by Team members has not been accounted for.
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2026 A¢¢ounting poli¢ie$ (Continuedl l.S Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economi¢ bènefit to third party, it is probable that a transfer of economic benefits will be required ir? settlement, and the amount ol the obligation can be rneasured reliably. Expenditure is clas&fied by activity. The cosls of each aclwity a made up of the total of dir1 costs and shared costs, including support costs involved in undertaking each a¢tivity. Direct costs attributable to a single actiwty are allocated directly lo that activity. Shared costs which contribute to more than one a¢tivity and support costs which are not altribulable lo a 51nglè activity are apportioned beiwèen those activities on a basis ¢onsistènt with the use ol resources. Gentr81 staff costs are allocated on the basis of time spent. and eprecialion Charges are allocated on the portion of thè asset's use. 1.6 Tongibl¢ fixèd assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. nel ol depreallOn and any impairment losses. Deprèciation is recognised so as to write off the cost or valuation of assets less their resklual values over Iheii useful lives on the following bases.. Freehold land and buildings Motor vehides 4¢/ts on cost 10% on cost The gain or loss arising on the disposal ol an asset is determined as the diffÈience between the sale pro¢eeds and thè carrying value of the asset, and is recognisèd in the statement of financial a¢tivilies. The Team's major first aid equipment is supplied through Scottish Mountsin Rescue. Other majtsr equipment puich85es ale largely grant or specific donation funded with any balance paid by the Team written off in the year of purchase The iernaining costs lo the Team of equipment purchases are trèated as an expense in the year of purchase due to their largely consumable nature. 1.7 Impairrnent of fix¥d ass•ts Al each reporting end date, the Charity ieviews thè carrying arnounts of ils tangible assets to determine whelhei thère is any indication that those 85sels have suffered an impairrnenl loss. If any such IndatIOn exists. the recoverablè amount of the asset is eslimaled In order to determine the exlenl of the impairment loss lif any). 1.8 Cash and cash èquival•nts C85h and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original rnaturities ol three months or less, and bank overdrafts. Bank overdrafts are shown within boriowings in current lbilI.es. 1.9 Flnancial instruments The Charity has elected to apply the prowsion5 of Section 11 '8asic Financial Instruments, and Section 12 'Othei Finan¢i81 Instruments Issues, of FRS 102 10 all of ils financial instruments. Financjal inslrurrenls ale re¢ognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilitie5 8re offset. with the net amounts presented in the financial statements. when there is a legally enforceable right lo Sel off the recognised amount5 and Ih&rè is an intention lo sellle on a net basis or to realise the asset and settle the liability simultaneously. 12-
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Accounting polielgs Icontinuedl Baslc flnancial assets Basic financial a55els. whi¢h include debtors and cash and bank balances, are initially measured at Iiansadion pri including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangerrenl constitutes a financing Iransa¢titsn, where the Iiansaction is measure(J 81 the present value of the future re¢eipl$ discounted at a market rale of interest. Financial a55ets classified as receivable within one year are not amortised Baslc flnanclal liabilities Basic financial liabilitie5. in¢luding ¢rèdrtors and bank loans are initially regnised al transaction price unless the arrangemenl conslilule5 a finan¢ing transaction, where the (Sebt instrument is measured at the present value ol the future payments discounted al a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt inslrumenls are svbsequèntly carried at amortised cost. using the effective inleiesl rate method. Trade credrtors are obligations lo pay for goods or services that h8vÈ been acquired in the ordinary ctsurse ol operations from suppliers. Amounts payable are classified as curienl li8bilities il payment is due within one year or less. 11 not, they are presented as n0n-Curnt liabilities. Trade creditors are recognised initially at Iransactitsn price and subsequently measured 81 amortised cost using the effective interest method. DÈr•cognition olfinancial IITabilitié$ Financial liabilities are dereeognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.10 Taxation The charity is exempl from tsx on ils charitable activities. 1.11 Employ*¢ bènefits The cost of any unused holiday entitlernenl is re¢ognised in the period in which the employee's 5ervice5 are received. Temiination benefits ale rècognised immediately a5 an expense when the Charity is demonstrably committed to terminate the ernp5oymenl of an employee or to provide lerminats'on benefits. 1.12 VAT Whilst the Team is not règistered for VAT, in line with other rèscue charities it is able lo benefit from VAT legislation that allows these charrties to apply for a refund of VAT. Incurred on certain types of expenditure, from HMRC. In addition, and where applieable, the Team has ulilised VAT exemption rules for the purd)ase ol equipment. When a fUnd has been possible the refunded VAT has been ottset against the relevant expense lines in the accounts. Where neither a refvnd nor exemption apply. the VAT element ol the cost lo the Tèam has been incIjed in a separate expense line within the accounts. 13-
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Aeeountlng pollcies Icontinuedl 1.13 Fund accounting Unrestrictsd fund$ Can be used in accordance with the ¢harrtable objectives al the discretion of the trustees. R8strScted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are iaised for particular restricted purposes. Sufficient resourees are held in bank accounts lo enable the restricted funds to be applied in accordance w(th the restrictions imposèd Designatsd Funds are funds Sel aside by the Team for a specific purpose, but are not permanenuy 8SS1gned to that purpose and can be re-a55igned should it be agreed by the Tearn members. For an explanation ol the different Funds involved please see note 7 of the a¢eounts. Critical accounting estimotss and judgements In the application ol the Charity'5 accounting policies, Ihe Iruslees are required to make judgements. eslimales and assumptions about the carrying amount of assets and liabilitie5 that are not readily appaienl from other 50ur¢es. The estimates and associated assumptions are based on historical experience and other factors that ale considered to be relevant. Actual resu115 may differ from these estimates. The estimates and underlying 8ssumptions are reviewed on an ongoing basis. Revision5 to aceountino estimates are recognised iri the pefiod irn which the estimate is rewsed where the revision 8ffecls lY that period. or in the period of the revision and fvture periods where the revision affe¢ts both current and futu[& periods. Income from other trading a¢tivitiè$ Unrnstricted Unrestri¢t*d funds funds 2026 2025 Fundraising even15 9.914 10,386 In¢omè from investments Unr•strleted Unrestricted funds funds 2026 2025 Intèrest receivable 4,772 4.512 14-
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Expenditure on charltable activities Saving of Lives 2026 Savlng of Llves 2025 Direct ¢o$ts Depiecialion and impairment Advertising Property expenses Sundry expenses Insui8n¢e Professional fees Irie¢overable VAT Motor expenses Training expenses Equipment èxpenses 29,241 790 3,904 3.020 1,724 2,642 479 15.077 6,879 8,059 27.302 1,583 2,366 2,693 1.565 1,240 715 14,009 7.087 15,813 71.815 74,373 Anal15 by fund Unrestiicted fLJnds Restricted funds- general 11,925 59.890 9,538 64,835 71,815 74,373 Net movement in funds 2026 2025 The net movement in funds is stated after thargingllcreditingl.. Fees payable for the independènt examination of the d)arity's financial statements Depreciation of owned tangible fixed assets L05sllprtsfitl on disposal of tangible fixed assets 29,241 27,302 113,5001 Tru¥ts•s There were no Iiusltres, remuneration or other benefrt$ for the year ended 31 sl Marth 2026 nor for the year ended 3131 March 2025. Tru$t••s' expenses During the period there were £534 12025 £8781 of expenses reimbursed tts Trustees. These amounts al related lo rèimbursement for personal fuel used In the course of the chafitable activities and involved 712025 4} of the Tiustees. These amounts are included within vehide expenses for ch8ritsblè activities. 15
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Othèr expenditure Unrestrlctsd Unregtrictsd funds funds 2026 2025 Nel loss on disposal of tangible fixed assets 113,5001 Tanglble fix8d assets Fr8ehold land and bulldings Motor V8hlck9S Total Cost At 1 April 2025 239.945 214,477 454,422 At 31 March 2026 239,945 214.477 454,422 Depre¢latlon and impairnient At 1 April 2025 Depreci81ion ¢harged in the year 67.185 9.598 107,076 19,643 174.261 29.241 At 31 March 2026 76.783 126,719 203.502 Carrying amount Al 31 March 2026 1S3,162 87,758 250,920 At 31 March 2025 172.760 107,401 280,161 10 btOrS 2026 2025 Amourts falllng due within one ye•r'. Other debtors Prepayments and accrued income 5,409 5,057 3,988 5,198 10,466 9,166 11 Cr•dltors: amounts falling duè wlthln one year 2026 2025 Accruals anil deferrèd income 1,000 1,756 The bank oveidraft shown above is a re5uM of monies due in at the year erid for a speafic fund less monies due out for that 5arne fund, and is therefore a timing matter rather than a genuine overdraft. and is rnoie than adequately covered by the general fund balance.
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 12 Re¥tricted fvnd$ The restricted funds of the charity ctsmprisè the unexpended b8lan¢es of donations and grants held on trust subject to specific conditions by donoT5 85 lo how they may be used. At 1 April 202S Incoming reSoUe$ RoUrceS expended Transfers At 31 March 2026 Scottish Govemment Funding Vehicle purchases fund Equipment purchase lund Melrose base 32,379 142,2301 111,4111 9,851 51,036 2,780 112,482 39,625 2,780 106.233 16,2491 166,298 32,379 159,8901 9,851 148.638 Previou¥ yeor- At 1 April 2024 Incoming resources Resources expended Transfèrs At 31 Mar¢h 2025 Scottish Gtsvernmènt Funding Vehiclè purchases fund Equipment purchase fund Melrose base 38,027 37,000 147.0731 111,5131 11,046 25,549 2,780 118,731 51,036 2,780 112,482 16,2491 147.060 73,027 164,8351 11,046 1e6,298 13 Unrestri¢t•d funds The unrestricted funds of the ¢harity comprise the unexpended balances of donations grants which are not subjecl to specific conditions by donors and grantor5 as lo how they may be used. These Indude éesignatèd funds which have been Sel asidè out of unrestricted funds by the trustees for speafic purposes. At 1 Aprll 2025 Incoming resourcès Resource¥ expended Trdnsfers At 31 Morch 2026 Vehicle Rep18cement Fund Gener81 funds 86,413 280,833 14,100 123,9511 100,513 280,652 35,695 111.9251 367,246 35,695 111,9251 19.8511 381,165 17-
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 13 Unrestricted fund$ (Continued) Prèvlous year: At 1 Aprll 2024 Incoming resources R•sourc•s ¢xpendÈd TransfeTr At 31 March 2025 Vehicle Replacement Fund General funds 94,966 234,647 18,5501 12,4961 86,416 280,830 44,717 3,962 329.613 44,717 3.962 {11,0461 367,24 14 Analysis of net •$sèts b&een funds Unrestricted funds 2026 Restri¢t•d funds 2026 Totsl 2026 At 31 March 2026.. Tangible assets Current assetsllliabilitiesl 104,962 276,206 145,958 2,677 250.920 278,883 381,168 148,635 529.803 Per b•lan¢¢ sheet Balanc• to allocate 381,165 131 148,638 529,803 Unrnstriet•d funds 2025 Restricted funds 2025 Total 2025 At 31 Mareh 2025: Tangible assels Current asselsllliabilitiesl 116,642 250.604 163.519 2,779 280.161 253,383 367,246 166.298 533,544 18-
TWEED VALLEY MOUNTAIN RESCUE TEAM (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 14 AnalyBiS of net assèts betsyeen funds IContinu¥dl Explanation of the different funds listed above.. The designated fund for Vehicle Rep18¢6ment Ilisted under unrestricted funds) has been inlioduced to set aside monie5 for thè futvre replacement of Te8m vÈhides with a set amount transferrèd from General funds to this fund each year lo offset future costs. The Scottish Government Funding monies are for the payment of the day to day running costs of the Tearn, induding those costs associated wlh 115 charitable adivities. The restriction on thèse funds is that they are not for accumulating toward a capital expense. The restricted fund for Vehicle Purchase represen15 grants and donations received foi speafic vehicle purchases and is rnalched lo the asset bought. The income from this fund is written off al the samè rate as the asset it relates to is depreciated in the balance sheet. The resliicted ftjnd for Equipment repie5ents grants and donations received for a specific purchase and the expenses thereby incurred. Any excess of cost over funds reiVed is shown 8$ a deficit on this fund and is covered trom unre51rided Team funds. The StrIcted fund for R8dios represents money received from Scottish Mountain Rescue for the maintenanee and, where necessary. replacement of radio equipment until su¢h time as a nation81 programme ol plaCemnt can be achieved to meet frequency changes. The restricted fund for the Melrose Base iepre5entS the monies received, and 8ssetslseNices received in kind, in connection with the purchase and redevelopment of the new Team base. Monies in this fund are offset by the asset in the balance sheet for the new base. 15 R•lated party transactions There were no disclosable related party transactions during the year12025- none). 19-