ROYAL BRITISH LEGION SCOTLAND 8ANCHORY AND DISTRICTBRANCH BENEVOLENT FUND CHARITY NUMBER: SC010844 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
Rms BANC ND DISTRICT BRANCH BENEVOLENT FUND LEG LAN AD FOR TNE YEAR ENDED NFORMAT 1 OCTOBER 2025 Truste85 MrABla Mr J Merchart Chairman Mr C Forb . Se MrT Mih)e Vice Chaimwi Charty Nmber Iscotsnd) SC010844 Prina a¢Jdre55 8arKhory British Lewn RavensW00 Club Ramsry Road B31 5TS lThJependenl eXarn BBKS & Co Deeside Road A831 SYR BkerS TSB Bar BchOry Branch 82 HI Street AB31 SSS
YAL GION BANCHORY BENEVOLENT FUND NTENT OF THE FI ANC TATEME FOR THE YEAR ENDED 31 OCTOBER 202S Trustees. Rert Independent examinerfs r Stslement offinancial aclTrJil*s Stat0n1 offinwck4 Notes to the finanaal Statements 7-11
H LEGION NCHORY A BENEVOLENT FUND STRICT 8 R THE YEAR E ED 31 OCTOBER 21r25 Th9 Trustses presentthelr r•pyt aThJ the ffirAncia s<erythe Jwrended 31 October2025. Thefin8naal statements have been wepareil in acc4)rdance 1hthe aeeounting polKies $et rArt in note 1 lothe financi Statèments and comptywith the tharity's trust deed, the Charities and Trustee5 Investment ISo)Iland Act 2005, the ChaTrt ACcnts IScotlaThl) Reg[datiS 2C(fj185 amended) and "A(zrAJnlin9 and RepJrts"ng by Charibos.. Slaternent of ReccThmeThJed Practice alIcable lo driS prepariNJ their accounts in aceordance th the Finantial Reprmting stsndard applicable in th? UK and Republic ol Ireland (FRS 1021" {Bs amended for accounb.ng peiiods comm from 1 January 20161. Oblectlv•s #nd Acllvlu The prevèntion or relef of Jrty. Ihe advawnerrt d tibzeftship or comrnurxty dwlotxnerts, the advancement of the arts. heritsge, culiure or saence. Ihe advanctmÈnt of put4ic parfjapBbon In spjrt, the provision of r•Creatical fac41th"Ès. or the ganatr" of recreaiional acaiwtbès, tmth the Ob of imwoving the condrtions of life for the persona for whrmn the facilit or athib.es are wmarity intended. the relief of those in need by oasw of age, ill heallh. disatdty, finanual hardship or other disadvantage, any other wrposo that may TeasonaWy be regarded as anS lo any ofthe wecthThJ wJrFK)se$. The princple objèctive ofthe ch• the yeèr ¥ras th of prryerty r¢nU on behalf of it5 trustees. The woteTbe8 a18¢ to thjse indiyiduab who we elgiwe the Iwsl deed. The Twslees, have paid due regard io ldan is50 by Ihe Charty C¢yYthission in detsding whal ac11ve$ Ihe tharity ShOd undertake. The charity has been at4e to provide f(Y Weran5 Tho 5u(fer from ffinaThial hartlship. Al properties have been filly occuped and therefe the chanty is happy to pro¥wJe this support for its Flnanclal R•vieaT During the year, poge 5 shvs thal the tharity had a defi¢yl of£2720112024 Defttt-£15.5211. The fund slill ha5 a very healthy Balm Sh88t with a fund of balance of £1.033.7 (21y24 . £1,C60.7681. These rèseNes wll be uwj for the indr¥iduals enliled to benefit th& fund. All fund5 are styicted. 11 is Ihe policy oftre chity that un$tried funds been desiwatsd frjr a speufK uBe should mwntained al a level equiwdlent to beth three and six monlhs. expenditltre. The Tmstees. ccfflsiderslhal erves at Ihis leNEI wll ensure Ihat. in Ihe evenl of a signfficanl drcp in funding. they will be able to continuo tl charity's oJThent irfieswhilecs4deT8lvjn ts tow8ys inwhith additsonal lunds may raised. This level of r•sep4es has m•nL•ned through(rt ts year. The trteS seek to m8iltn Jff.enI reswrces in •)y siwificanl damage eNr happens to any Df the properties. The prinupd fUndg Is the renta in¢¢m from the lenwts. The Trusl88s' has asse55ed the Ma1 risks lo wlith the is eyFrt)sed.and are 5atisW th* systems are in place to mib.gale exposure to the major risk5.
YALB ORY BENEVOLEPU FUND DISTRICT BRANCH FOR THE YEAR ENOED 31 OCTOBER 2026 General The Iruslees re¥1 the major risks Tlwch fa¢e$ a wular bas18 and telieve that maintsining the re5erNEs aicmcl levels, combinedwith an annual oftt wilrols cvei the key ffinancial systems. WAI wovide suffioent r•sOurrS in thè tt of adverse ¢MdrfiMs. The trustees have also examined other Operatial and business risks faced by Ihe •)d ¢fi that they have established sysiems to miligate the signrficanl risk& The Benevolent Fund is urTated and Is Constied bytha trust dead. The TNsteas' tho sar%d dft9 the year lo dale of signalure olthe financial staternents were.. Mr A Blod( Mr J Merch1 Mr C Forbes Mr T •Ailne Prewdent Chwmian Secretary fill suth ¥acleS arin9 lIoUgh resbgnabon or death of an existing tmsteg. Thg Policy of the trust ClI1UeS to b8 that of ratsing funds to mèet thè ot4'eL¥es. The trustees meet regularfy to manage its affaws and all are invdwd in go¥oming the day to day ruming ofts trl The Intslees meet regdwfyto mamge ts al. al are invol¥ed in JVeIlyj the day to day nHIng of the trust. Indtion and is pThfjded to Irusteesfrom the remaThry trlee$. TnMt••8 R•pon•lbllltl• Thè Trustees are reSp(ible for Fwaring the Tfuslees. Report arKI the fmarwl statements in aczordanr with apF4ieatAe law and Urmled thgdom Ar1 StJKlwds IUThted Trfj.ngdn Generally Accepted Accwnting Ptil). The law applut4e to thwities in Scouand requi the Truslees. to prepare finanLial ststemtnts for each rinancial year whh give a true and fair vivaf of the state ol affars of the thanty aNJ of the inming resourctts and applcation ofrasow ofthe dwiity that year. In fvYepariNJ these finwcaal statern. the Tntste8s' are required kn: select wJil)le acojunting pohcie5 and then apptyllm ¢x•.' obserye the melhcJs and wnc¥S in the Chwilies SORP.. make judgements and estimates that are reasonab and wudit stale thether appliCae accwntiThJ slandards IHve been fol. $uLyect to Y matthial dep¥lures disdosed and explained in the financia $latements' and prepare the ffinanaa stslemtnts the gory ¢cKwn b5 wless il i% inFfryliète to presume that the ¢h8rity will u)ntinue tn (wats'. Thg TnL8le8s' are psle for kw'ng Sufficient ambirwJ rwds that di5dose with reasorraile awJraGy * any time the finwal position ofthe thaiity and able them to enre that the financaal stalements comFIy wrth the Gharrties and Trustee Investment (Scotlanrfj A(a 2CK15, the Chaiities Accourrts (scolatl Regul*'ons 2006 (as amended) and the pmwsions ofthe trust deed. Theyare also responsible f safeguarding the assets of the charity MI hence for tak9 reas(xth stq>s for the wevenIn and dthtion of fratKI and other irregulaiitses.
ROYAL B SH LEG M BAMCHO Y ANDDI BENEVOLENT F RANCH TRUSTEE ' RE CON NUED FOR THE YEAR ENDED 31 OCTOBER 2026 TheTruslees' reportwas opwo%*d by the Bowd ofTwu8tegs' c l) rfe J P•lerchant Chairrnan Trustee T Mllne c&Chaim Trustee 1fj0 15 I NcAPfv £(T67& ILL sS.
ROYAL 8RmsH LEGK)N BAMCH RY BENEV¢XENT FUNO STRICT BRANCH INDEPENDENT EXAMINER. RT TO THE TRUSTEES'S THER YAL BRMSH LEGION 8ANCHORY BRANCH- BENEVOLENT FUND I report M the acc£ts Lrflhe thaiity lor the iar ended 31 OLathr 2025 wlwth are set t on pages 5 to 11. The tharis iruslees are respons1e tr the preparabon of the acc4)unts in xc(Ydance the temis of the Charitses and Trustee Investrnent IS¢ofj}Ac12Crf)5•dthe Ch8nb"esA¢tounls (Scottandl Regulalior 2006 (as amended). The tharity trustees rKder Ihal the autht reqLMrement of Regulakn'on 10{11 lal to (cl of the AcCA)LtS Ragdations does not apF4y. It is my respmsiblty to exne the aCCnIS as under se¢ticfj 44{11 Icl of the AL and to state 7thether particar mattws have cg)me to my attenlim. Ba# of Imltpendent Examinerfs Statem My examina11c is carried in accordance titi Regulati 11 of the ACnts Regall1. An examinab'on indLJes a miew of the a¢¢cwnling re¢tyds kept by the charity and a compari$on of Ihe accounts presented wilh those recor$. It also irtdudes con5Klerabon of any unusual items or disdosures in the a¢¢ounts. and seeks expl31 from Ihe Iru5tees oJThming such maiters. Ttta prc(8dures undertaken do not proNidÈ ar the that Wld be reqUId in an audit. and c&sequentIY I do not express a111 ryiThon on the ¥iew gi4 by the a[xn Independent ExafflSnerfg Stslernfrnt Your attenti( is dr+m to the fact that dority has finani>d slatemert5 in a(thance ryth Accounting and leting by Charitiès prwrirvJ thwr xcthjnts the FinanrAa Reming Standard apF4icable in the UK aTrJ Reput4ic of keland {FRS 102} in weference lo ihe Acc(ing and Repoiting by Charities.. Statement of ReCrAnMwed F>raC on 1 21))5 is referr¥d to in the tant gulalicms has n¢w been wilhd. l understand that this ha5 been done n order fLY the finan(ia Slatents to and true and fair in accordance wth Gen• ApIed ACcon9 Practhe effecti¥e for reptyting beginni on or after 1 January 2015. cm lo my attenlion.. (al wNch gi¥e6 me reanatIe cause lo bef that in any material respectlhe Wuremts: to keep ace4xmling records in ac£ordance with Sec1 44(10) {a) of the 20QS Act and Regulathon 4 ofthe 2{ Accnts Regulatiorts. to prepare statements accord with th• xcrting rectyds and wilh Regulaion 8 ofthe A¢oxmts ReguklicK)s.' haNE 11 been metLY (b) to whith. in my opini. attentiM 8t#yJhJ be ¢kn¥n kn Mknto enalAe a pmper UnderdIng ofthe fmanual slatem•ts to be reathed. BBKS & Co N¢yth Deeside Road Banchcry A8315YR Date..
ROYAL BRMSH LEGION BANCHORY AND BENEV LE T FUND STRICT B STATEMEKf OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUTr FOR THE YEAR ENDED 31 OCTOBER 2025 Unrestrlct•d Funds 2025 Total 2024 Note Incom? from: Capitation Fees Donations and a¢18S InvestwEnts Total Incor 9.790 13,155 60 26.840 40.055 27.850 Expendliure on: Charitable activiti•s Caprtation Fees Property fflaintenance Property insurance Functions for senior fferrt>ers and vAdo¥b3 Transport e>penses General e¥Jenses Independent eyamination fees Total expenditure Net {deficitysurplug for year Net Ilossllgain on Inveslments Net movemem In funds Fund balanc05 at 1 Novernber 2024 Fund balances at 31 O¢tober 2025 9.7 33.038 6.099 5,690 762 7.971 1,491 13.155 28.031 1.871 4.555 1.498 900 55.576 (15.5211 127.2011 {27.201} 1 060 768 1 033 567 115,521) 1 076.289 1060 768 The statementof financial •Ji¥ities Irude5 all gains and h)s¥es recnIsed in the year. All incLYne and ejpenthture derive IT continuing aL*vrfi
GION BANCHORY AND BENEV LENT FUND CH TATEMEKf OF FINANCIAL posmoN AS AT 31 OCTOBER 2025 2024 Note Flx•d A•sets Inve5tmEnt propertie5 1,000,000 1,000,000 Current A8•ets Debtors Cash at bank and in hand 7,236 26.931 34.167 53,003 61.368 Credllorg Net current assets Nel assets 600 60.768 1060 768 1033 567 Ineomo funds Unrestricted funds 1060 768 The financial statementswere awoved ty the Trustees. on J lknchant Chairman Trustee T Mllne c&Chainnan Trustee
YAL BRITISH LEGION 8ANCHORY AND DISTRICT BRANCH BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 A¢eounting pollcl•• Charlty Information Royal Bribsh Legion - Banchory BrCh- Benewlent Fund is an assouation registered in Scotsnd. 1.1 Ac¢ountlng ¢on¥•ntkn The finanoal statements have been prepared in acrordarKe yh the charitys Trust deed, the CharTttes and Trustee Inveslment (SCOnd) A£t 2(M15, the chariti.es Accounts (Scodandl Regulations 2006 la$ anended) and kcounting and ReportirvJ by Cknles.. Statement of Recommended Prnctice 4)plicoble lo charities preparing their a¢¢ounts in accordance with Ihe Financd Reporting Standard applble in the UK and Republic of Ireland IFRS 1021" las amended for accounting perK)ds commencirNJ from 1 January 20161. The chanty is a Pubh'c Entity as defined FRS 102. The tharity has taken advantage of the [0¥1}8 in the SORPfor dlItIeS akwwng FRS 102 Update Bullelii 1 not to prepare Stalernent of Cash FI. The financial stalemenls have departed from the chariti.es (Accounts and ReFQrts) Regulations 2008 only to the extent required lo prwde a true and fr Niew. This departure has involved following the Statement of Recommended Prac11 for charit applyirMJ FRS 1 ratsr than the swyon of the Slatemenl of Recommended Practs"ce which is referred to in the Regulations but which ha5 nce been withdrawn. The financial statements a prepared in sterling. whth is the fvncllaI rrencY of the charbty. Pknetary amounts in these financi slatements are rounded to the nearest L The financial statements have t prepared Lmder the hi5toritA cost CVentiOn. rnCJIf to indude the revaluation of freettotd propee$ and lo Indje investment properkn.es and certain finanoa in51ruments at fair value. The pn'ntyal lUnting wlioes &Jopted are set out bel. 12 GoSng concem Atthe b.me ofapFwoving the financial statwnents, the TNstees' have a r•asonable expectation thatthe charity has adequate resources lo ¢ts"nue in operatsonal existence for the foreseeable fLrture. Thus thè Trustees. continue to adoptthe gc4ng ccffvm b5 of acthunling in Wepn9 the financial statement 1.3 Ch•rft•bl•fvnd unrestn.ctsd funds Ore available for use at the ("WetiC d the Trustees. in furtherance of thwr charitable o"ectives unless the funds haNp been (nated for other puws. Reslnded fvnds we subject to speafic cL¥Klitic8 by d(orS 85 to how they may be us8d. The puwes and uses of the restricied furKls are set out in the notes to the finanr#al stalements. End¢)wmenl fvnds are s.e¢t to speofic ¢dItionS by donors Ihat the capital must be maintained by the charity.
ROYAL 8RrrisH LEGION BANCHORY AND DISTRICT BRANCH ENT FUND TE coKnNUED FOR THE YEAR ENDED 31 OCTOBER 2025 Accounllng pollcle• {Conlknu•d) 1A Incomlng ro8ouv¢• Inccthe is recognised the charity is legalty entiugd to rt after any puformCe ¢dit)n5 have been met. the amounts can be measured relwbly. and it is that inwne 11 b& receid. Cath don8lM?ns are recognised on receipt Otherdonations are rec(Jnised once the charity has been nolrf of the donation. unless rrom conditions require deferrd of the amounL Income tax recoverable in relat•)n lo thJnatKS received under or deeds of covenant is rew3ni8ed 81 the time of donation. Legacies are recognised on reLeipt or otheThin rfthe charity has been notifvj of an KnperKng distribulv)n, the amount is known. and receipt is exFvted. W the amount is not the le9acy is treated as conb'ngenl asseL Revenue is measured at the fair value of the eonsideration recerved or receNabk9 and represents amounts receivalAe for goc¥ls and servKes Provided in the nofmal cc4Jrse of ne$s. net of dis¢ounts. VAT and other sdes relates taxes. 1.6 Re•ouree# expend¢d Al expendilure is reccqnised once there is a al or ttffjstnJcti4e (ligalions so that expenditure, il 18 probable settlement is requi and the a)Mnt can be measur&1 reliably. All costs are allocated lo the awlicable experKliturg heading that aggregate costs to that category. Nlthere costs cannot be directy attributed to parb'cuk7r headi they have been alkxated on a basis C1)nStent 7Mth thg usg of resources. with central slaff costs akated on the bays dtime spent. and depreciation charges all(Kated on the ports.on 1.8 Investment propgrt108 Inve5knenl proFerties. which aro wjperttes held to 8am rentals an(Vor for wital appreciation. are initialty reccgnised at cost. whith indwles the purthase cost and any direcuy attribulable expenditure. Subsequenuy they are rneasured at tsir u8 at the rewting end date. The suWus ty defiat on revaluath)n is recogni5ed in the profft and loss accounL there fair value cannot b8 acwed undue o)st OT efforL in¥e8tment wyrtie8 are acc¥nted lor as tangible fixed assets. 1.7 Property, plant and •qulpnwnt Propety, planl and equipmvtht we initidly measu1 ofcctst and subsequenty measured atc¢Jst valuth"on, net of deprttiatK)n and any imp8imient losse Depreaation is recognised so as to write off cosi or valuation of assets less thr resmlual values over their useftl lives on the folv•ing bases.. Crynpulws Motor vehides 25% stravJht lire basis 25% smht lire basis Th& gain ty los$ising on the dw>sal ofan asseti$detennined as the rfthrence b9fven the sale proceed8 and the carrying Ydlue ofthe assrt and is rx¢gniJ in net )cun&l{exwditure) ts th¢ year.
ROY H LEGION 8ANCHORY AND DIS BENEVOL T FUND CT BRANCH NOTES TO THE FINANCIAL STATEMENTS COPfflNUED FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting pollc1•81Continued) 1A Nonurrenl Inv8stmonts Fixed asset investments are irritialty measured at tran$actw)n pr exduding tr8nsad)n costs. are subsequenUy meosured at fair value at each TeFwJrb"ng date. Changes in fair value are recogni5ed in net inccrfnellexpenditurel ftw the year. Transactson tsjsts we expensed as incurred. 1.9 Cash and e•8h equlvaknt Cash and cash equivalents indude cash in hand. deposits held at cal rith banks. other short-lemi liiuid investrnents wlh Original m8luribes of three m[th5 or less, and bank overdrafts. Bank overdTafts are show wthin iK)rrvNirwJs in current liatilitie& 1.10 Flnanclal In8trum•nts The chanty has elected lo appty the provis($ of Sectron 11 'Basic Financial Instruff' and sxts.on 12 'Other Finanaal Instmments Issues, of FRS 102 to all of rts financial instruments. Finanual instruments are recognized in the dwiitys balan when the charty paty lo the ontractual kyovisions of the inslrumenL Finanual assets and 11th.ti.e8 are offse( tmth the net amounts prnsented in the finanual statements. when there is a legalty enfo¢ceable right lo sel off the C09nrz8d amounts and there is an intenlw)n to settle on a net l)asis or to realise the asset and setlje the liabilty simultaneousty. Basic fln•ncl¥l •ss•ts Basic financial assets, wCh indude trade and other rec4vables and cash and bank balances, are initially measured at transaction wce induding tran5acbon costs and are subsequ8nlly carried at aM0.$80n cost using the effective interest melhod unless the arrangement constitLrtes a financing Iran58ction, where Ihe transaction is measured at the psen1 vdlue of the fvture receipts discounted at a rnaet rate of interest. Fin8ncial assets classffied as rnceivable Wbthin one year are not amortised. Baslc flnanclal Ilabllitie# Basic finanaal lthiliti94 iaUding tde and other payables and bank loans are initialty recognise(l at transathon pri unless the arrangement conslrtirtes a financing transaction. where the debt instrument is measured at the present value c< the fulure payments discounted at a maTket rate of interegL Finanual liat4'1ities classified as paY¥e within one year are rKrt amortised. (kbt instruments are sUbse(NllY carried al 0"sed 5( using the eff¢1% interest rate method. Trade payables are obligab'ons to pay for gxxys or seNice that have been acquired in the ordinary course of operabons from SuplerS. Amounts payat4e are dassrfd as current liabilthes rf payTnent ts due within one year or less. If no( they are presenled as non•currenl li4lities. Trade payables are recognised initialty at transackn.on price and subsequently measur8d at amorb"5ed cJJst ugng the effectNe interest method. D•recognltion of financlal li•bililios Financial liabilil'es are derecognised when the chwi1$ contractual obligatic5 exFire LY are discharged or canceled.
ROYAL BRtrisH LEGION BANCHORY AND DISTFUCT BRANCH BENEV LE NOTES TO THE FINANCIAL STATEME FOR THE YEAR ENDED 31 OCT ED BER 2025 Crftl¢•l eeountlng Mtknate• •nd Judgwn•nts In the appltcation of thè charitls xcountsng polioi85. the Trustees. we Tequired to make judgements. esb'rnates and assumpb.ons about the carrying amount of assets and lithlities that are not readily apparent from other sources. The esthrates and asscKiated assumpkns are based on histon"c4 experienc8 and other faet¢>ts Ihat are eonsidered to be reknnt Actual results may dffier from these estimates. The estimates and undyirj assumptic6 ar8 revitrAd on an lg basis. Re%rysions to accounting estimates are reCeiSed in the peric¥J in whK the estvnate 1$ revised where the rewsion affects On that pericbJ, or in the of revision w)d fvtuie periods where the fevbsion affects currfjnt fvture periods. Unrestricted Funds 2025 Tot•1 2024 Renta inc( kncome from unlsled inveslmènts 27.850 28,840 27.850 26,840 N(me of the trustees. (c ary persons cneded with thern) r1Ved any rwnUneTatN or benefits from the charty during the year. employ•o5 There were no erfvees during the year. InvKlm•nl prop•rt 2025 2024 10 flats at St Teman PL 1 WO,000 1,000,000
ROYAL BRMSH LEGION BANCHORY AND tXST BENEV LENT FUND BRANCH OTES TO THE FINANCIAL STATEMENTS copItINUED FOR THE YEAR ENDED 31 OCTOBER 2025 Doblorn 2026 2024 Other re¢able$ Loan due from RavensvA)od aub 264 6.972 7.236 434 7,931 8,365 cY1t0 2025 2024 Accruals and deferred incon Loan due lo Raven$vQd Club 600 600 600 600 Rdated p•rty tran•a¢tio During the year the charity the Royal British Le9on 8aK*ory and tl"strict Brch &(ial Club administration fees of £5.21012024- £3.9481. -11-