**Charity registration number SC010737 (Scotland)**
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
|**Charity number**|SC010737|
|---|---|
|**Principal address**|Inverdruie|
||Aviemore|
||Inverness-shire|
||PH22 1QH|
|**Independent examiner**||
||MacKenzie Kerr Limited|
||Chartered Accountants|
||Redwood|
||19 Culduthel Road|
||Inverness|
||IV2 4AA|
|**Bankers**|Bank of Scotland|
||Main Road|
||Aviemore|
||Inverness-shire|
||PH22 1RH|
||Virgin Money|
||15 Academy Street|
||Inverness|
||IV1 1JN|
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 16|
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 28 FEBRUARY 2025**
The trustees present their annual report and financial statements for the year ended 28 February 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The objectives of the charity are to foster and support the activities of the Cairngorm Mountain Rescue Team; and, through the team to give voluntary aid so far as lies in its powers to anyone suffering on the hills and moorlands in the Aviemore district or any other place where the leaders of the team may direct; to acquire and maintain suitable equipment; to raise funds and administer them for these purposes and to further the cause of mountain rescue in any other way.
The trustees have paid due regard to guidance issued by the Office of the Scottish Charity Regulator in deciding what activities the charity should undertake.
## **Achievements and performance**
2024/25 has been a relatively quiet year and the trend of smaller, targeted call outs continues. A breakdown of call outs and team member hours is detailed below.
The team membership remains stable with 4 new team members joining during 2025, bringing the current team to 45.
## **Callout Statistics**
2024
- Number of callouts: 39
- Team member hours: 1,951
2025 – to date
- Number of callouts: 37
- Team member hours: 1,242
## **Financial review**
The Statement of Financial Activities shows net incoming resources for the year of £85,180 (2024 - £81,648 net
incoming resources).
The team received many monetary donations from individuals and other donors and these donations are gratefully received and assist immensely in the ongoing activities that the team undertakes, thanks to everyone for their generosity.
The reserves policy is to maintain sufficient liquidity to enable the charity to operate and invest in equipment when appropriate, given the viability in year to year funding.
- 1 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **Structure, governance and management**
The SCIO was incorporated on 23 January 2012 as a result of a change to SCIO application by Cairngorm Mountain Rescue Association SC010737, which was an Unincorporated Association registered as a charity since 3 May 1973. The charity is run by a Committee which meets on a regular basis.
The members of the committee, who are trustees for the purpose of Charity Law, are listed below:-
The Cairngorm Mountain Rescue Team shall consist of one Team Leader, one or two Deputy Leader(s) and such number of individuals as the Board may from time to time determine. The Team Leader and Deputy Leader(s) shall be appointed by the Board and shall be responsible for training and discipline of the Team and for selection of personnel provided always the final decisions on any matters of dispute will rest with the Board. The Team Leader and Deputy Leader(s) shall hold office until the Board by a three – fourths majority shall decide to terminate the appointments.
A Board shall be appointed annually at the Annual General Meeting and shall consist of the Team Leader, Deputy Leader(s) and such members of the charity as the Board may from time to time determine, these members shall be elected, by ballot if necessary, from nominations made at the meeting. If there is an equality of votes then a selection from the equal nominees shall be determined by lot.
The Board immediately after the Annual General Meeting shall appoint from their number a Chair, Vice Chair, Secretary and Treasurer for the ensuing year. It shall not be competent for the same person to hold the office of Chair or Vice Chair for the uninterrupted period exceeding three years.
The Board may co-opt any additional persons they think fit and may fill casual vacancies and all persons coopted shall have voting powers.
All members of the Board (except the Team Leader and Deputy Leader(s) shall retire annually but shall be eligible for re-election and re co-option.
There is a structured induction process in place for all newly appointed board members. This process ensures that each individual has a clear understanding of the team’s mission, operational procedures, governance responsibilities, and key policies. It also provides essential background on current priorities, risk management practices, and partnership arrangements, enabling new board members to contribute effectively from the outset.
- 2 -
CAIRNGORM MOUNTAIN RESCUE TEAM
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY2025
Rlsk management
The members have assessed the major risks to which the charity is exposed, in particular those related to the
operations and finances of the chwty. and they are sat"sfied the systems are in place to mibgate our exposure lo
major risk.
Thè trustéès. report was approvèd by th$ Board of Truste.
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CAIRNGORM MOUNTAIN RESCUE TEAM**
I report on the financial statements of the charity for the year ended 28 February 2025, which are set out on pages 5 to 16.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 does not apply.
It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.
## **Independent examiner's statement**
In the course of my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 44(1)(a) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and
- to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006
- have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
MacKenzie Kerr Limited Chartered Accountants Redwood 19 Culduthel Road Inverness IV2 4AA 26 November 2025
- 4 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 28 FEBRUARY 2025**
|**Notes**
**Unrestricted**
**funds**
**2025**
**£**
**Income from:**
Donations and legacies
**2**
120,794
Investments
**3**
24,182
**Total income**
144,976
**Expenditure on:**
Raising funds
**4**
12,921
Charitable activities
**5**
130,981
**Total expenditure**
143,902
Net gains/(losses) on
investments
**10**
86,768
**Net income/(expenditure) and**
**movement in funds**
87,842
**Reconciliation of funds:**
Fund balances at 1 March 2024
1,433,433
**Fund balances at 28 February**
**2025**
1,521,275|**Restricted**
**funds**
**2025**
**£**
-
-
-
-
2,662
2,662
-
(2,662)
16,768
14,106|**Total**
**2025**
**£**
**Unrestricted**
**funds**
**2024**
**£**
120,794
169,147
24,182
3,133
144,976
172,280
12,921
6,202
133,643
88,980
146,564
95,182
86,768
13,442
85,180
90,540
1,450,201
1,342,893
1,535,381
1,433,433|**Restricted**
**funds**
**2024**
**£**
-
-
-
-
8,892
8,892
-
(8,892)
25,660
16,768|**Total**
**2024**
**£**
169,147
3,133|
|---|---|---|---|---|
|||||172,280|
|||||6,202
97,872|
|||||104,074|
|||||13,442|
|||||81,648
1,368,553|
|||||1,450,201|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **BALANCE SHEET**
## **AS AT 28 FEBRUARY 2025**
|**Notes**
**Fixed assets**
Tangible assets
**12**
Investments
**13**
**Current assets**
Stocks
**14**
Debtors
**15**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**16**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
**17**
Unrestricted funds
**18**|**2025**
**£**
1,200
45,661
109,127
155,988
(4,593)|
**£**
398,689
985,297
1,383,986
151,395
1,535,381
14,106
1,521,275
1,535,381|**2024**
**£**
7,000
29,967
133,399
170,366
(12,588)|
**£**
405,154
887,269|
|---|---|---|---|---|
|||||1,292,423
157,778|
|||||1,450,201|
|||||16,768
1,433,433|
|||||1,450,201|
The financial statements were approved by the trustees on 26 November 2025
- 6 -
**CAIRNGORM MOUNTAIN RESCUE TEAM**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **1 Accounting policies**
## **Charity information**
Cairngorm Mountain Rescue Team is a Scottish Charitable Incorporated Organisation registered as a charity in Scotland.
## **1.1 Basis of preparation**
The financial statements have been prepared in accordance with the charity's constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **1 Accounting policies (Continued)**
## **1.5 Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold property 2% straightline Equipment 15% reducing balance Fixtures and fittings 15% reducing balance Computers 3 years straight line Motor vehicles 25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.9 Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.10 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 8 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **1 Accounting policies (Continued)**
## **1.11 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.12 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Income from donations and legacies**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Donations and gifts|108,009|114,147|
|Legacies|12,785|55,000|
||120,794|169,147|
- 9 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **3 Income from investments**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Interest|12,405|613|
||Dividends|11,777|2,520|
|||24,182|3,133|
|**4**|**Expenditure on raising funds**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||**Investment management**|12,921|6,202|
- 10 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **5 Expenditure on charitable activities**
||**General**|**General**|
|---|---|---|
||**activities**|**activities**|
||**2025**|**2024**|
||**£**|**£**|
|**Direct costs**|||
|Depreciation and impairment|23,679|16,549|
|Rates and water|982|313|
|Insurance|28,751|10,137|
|Light and heat|2,774|5,299|
|Advertising|610|411|
|Property maintenance|5,745|4,031|
|Team equipment|19,011|12,326|
|Training|2,195|3,572|
|Team members expenses|21,207|16,937|
|Motor expenses|18,213|20,937|
|Book-keeping costs|1,122|873|
|Other charitable expenditure|4,507|1,912|
||128,796|93,297|
|**Share of support and governance costs (see note 6)**|||
|Support|2,147|2,075|
|Governance|2,700|2,500|
||133,643|97,872|
|**Analysis by fund**|||
|Unrestricted funds|130,981|88,980|
|Restricted funds|2,662|8,892|
||133,643|97,872|
|**Support costs allocated to activities**|||
||**2025**|**2024**|
||**£**|**£**|
|Telephone|2,147|2,075|
|Governance costs|2,700|2,500|
||4,847|4,575|
|**Analysed between:**|||
|General activities|4,847|4,575|
## **6 Support costs allocated to activities**
- 11 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **6 Support costs allocated to activities (Continued)**
|**Governance costs comprise:**
Independent examination
**7**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets|**2025**
**£**
2,700
2,700
**2025**
**£**
2,700
23,679|**2024**
**£**
2,500
2,500
**2024**
**£**
2,500
16,549|
|---|---|---|
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **9 Employees**
The average monthly number of employees during the year was:
|The average monthly number of employees during the year was:|||
|---|---|---|
||**2025**|**2024**|
||**Number**|**Number**|
|Total|-|-|
|There were no employees whose annual remuneration was more than £60,000.|||
## **10 Gains and losses on investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
|Gains/(losses) arising on:|**£**|**£**|
|Revaluation of investments|76,747|13,901|
|Sale of investments|10,021|(459)|
||86,768|13,442|
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 12 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **12 Tangible fixed assets**
|**Cost**
At 1 March 2024
Additions
At 28 February 2025
**Depreciation and impairment**
At 1 March 2024
Depreciation charged in the year
At 28 February 2025
**Carrying amount**
At 28 February 2025
At 29 February 2024|**Freehold**
**property**
**Equipment**
**Fixtures and**
**fittings**
**Computers Motor vehicles**
**£**
**£**
**£**
**£**
**£**
334,822
114,801
12,765
2,753
167,066
-
10,598
-
6,616
-
334,822
125,399
12,765
9,369
167,066
-
71,915
10,558
2,753
141,827
6,696
8,137
331
2,205
6,310
6,696
80,052
10,889
4,958
148,137
328,126
45,347
1,876
4,411
18,929
334,822
42,886
2,207
-
25,239|**Total**
**£**
632,207
17,214|
|---|---|---|
|||649,421|
|||227,053
23,679|
|||250,732|
|||398,689|
|||405,154|
- 13 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025**
|**13**
**Fixed asset investments**
**Listed**
**investments**
**Cash in**
**portfolio**
**£**
**£**
**Cost or valuation**
At 1 March 2024
878,851
8,418
Additions
197,280
210,799
Valuation changes
76,764
-
Disposals
(191,831)
(194,984)
At 28 February 2025
961,064
24,233
**Carrying amount**
At 28 February 2025
961,064
24,233
At 29 February 2024
878,851
8,418
**14**
**Stocks**
**2025**
**£**
Raw materials and consumables
1,200
**15**
**Debtors**
**2025**
**Amounts falling due within one year:**
**£**
Other debtors
26,453
Prepayments and accrued income
19,208
45,661
**16**
**Creditors: amounts falling due within one year**
**2025**
**£**
Trade creditors
1,893
Accruals and deferred income
2,700
4,593|**Total**
**£**
887,269
408,079
76,764
(386,815)
985,297
985,297
887,269
**2024**
**£**
7,000
**2024**
**£**
14,106
15,861
29,967
**2024**
**£**
10,068
2,520
12,588|
|---|---|
- 14 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **17 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1 March**|**Resources**|**At 28**|
|---|---|---|---|
||**2024**|**expended February 2025**||
||**£**|**£**|**£**|
|Snowmobile (asset)|827|(207)|620|
|Land Rover (SX62 BTV)|635|(158)|477|
|PIEPS Beacon (asset)|1,391|(208)|1,183|
|Digital radio/Equipment (asset)|13,500|(2,025)|11,475|
|Mobile Avalanche Training Kit (asset)|415|(64)|351|
||16,768|(2,662)|14,106|
|**Previous year:**|**At 1 March**|**Resources**|**At 29**|
||**2023**|**expended February 2024**||
||**£**|**£**|**£**|
|Scottish Mountain Rescue LIBOR|3,127|(3,127)|-|
|Scottish Mountain Rescue Equipment (Avalanche)|2,578|(2,578)|-|
|Snowmobile (asset)|1,102|(275)|827|
|Land Rover (SX62 BTV)|846|(211)|635|
|PIEPS Beacon (asset)|1,636|(245)|1,391|
|Digital radio/Equipment (asset)|15,882|(2,382)|13,500|
|Mobile Avalanche Training Kit (asset)|489|(74)|415|
||25,660|(8,892)|16,768|
## **Funds**
The Scottish Mountain Rescue Libor fund has been restricted for use on the cost of training expenses.
The Scottish Mountain Rescue Equipment fund has been restricted for use on the cost of equipment.
All remaining restricted funds relate to the various assets purchased in line with the restrictions placed on the use of the funds by the donors.
- 15 -
## **CAIRNGORM MOUNTAIN RESCUE TEAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **18 Unrestricted funds**
|**At 1 March**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
General funds
1,433,433
144,976
(143,902)
**Previous year:**
**At 1 March**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
General funds
1,342,893
172,280
(95,182)|**Gains and**
**losses**
**At 28**
**February 2025**
**£**
**£**
86,768
1,521,275
**Gains and**
**losses**
**At 29**
**February 2024**
**£**
**£**
13,442
1,433,433|
|---|---|
## **19 Analysis of net assets between funds**
|**Unrestricted**
**funds**
**2025**
**£**
**At 28 February 2025:**
Tangible assets
384,583
Investments
985,297
Current assets/(liabilities)
151,395
1,521,275
**Unrestricted**
**funds**
**2024**
**£**
**At 29 February 2024:**
Tangible assets
388,386
Investments
887,269
Current assets/(liabilities)
157,778
1,433,433|**Restricted**
**funds**
**2025**
**£**
14,106
-
-
14,106
**Restricted**
**funds**
**2024**
**£**
16,768
-
-
16,768|**Total**
**2025**
**£**
398,689
985,297
151,395|
|---|---|---|
|||1,535,381|
|||**Total**
**2024**
**£**
405,154
887,269
157,778|
|||1,450,201|
## **20 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 16 -
Wed, 26 Nov 2025 15:20:26 GMT
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## **Date**
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