Chatlty reg15trallon number SC012963 IScotland} THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru$t••¥ Brigadier (Retd) A Gnffilhs OBE Brigadier (Reld) 8 W O Russdl MBE DL Colond (Retdl A K M Miller CBE Ll Cd IRetdl l MGAlister MBE DL Colonel {Retdl NAP Wbghl MBE PAr R Gemmell Lt Cd Ireldl E Rae IAppointe¢J 23 O¢lober 20251 Chl•f ExKutlv• Olllc•r MrA Camichoel Charfty number IS¢otl•ndl SC012953 Prbnclpal *ddr••• The Castle Stirling Slirlingshire Unrted Kirydom FK8 1EH Ind•p•ndènt •x*mln•r N.J Mornson C.A Azels Audrt Services 5 IM)Ilefriars Cfescenl Perth Unrted Kin9dc PH2 OPA Sollcltorn Murray Berth Murray 1 Glenfinlas Street Edinburgh United Kingdom EH3 6AQ Inv•stm•nt •dvl•orn Ralhbones Geofge House 50 George Square Glasgow G2 1EH United Kingdom THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST CONTENTS Page Trustees, report Independent examinerfs report Stslemenl of financial acliviti•s 8alance Sheet Notes lo the financial slalements 7-14 THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees present their annual report and financial statements for the year ended 31 August 2025. The financial 5talemenls have been prepared In accordan¢e wth the accounting poliues sel out in note 1 to the financial statements and comply with the Charty's governing document. Ihg Charities and Trustee Investmenl {Scolland) Act 2005, the Charilies Accounts IS¢ollandl RegLI￿tionS 2006 las amended) and "Accounting and Rgporting by Charities". Statement of Recommended Practice app￿1¢able lo challt*s prep8ring Iheir acwunls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191-. ObJ•¢llv¢¥ and a¢tlvltlos The purposes ol the Trust are To apply the Trust funds in such a manner as thè Trustees think fit for the Improvement. efficienty, benefit or welfare of Ihe Regiment or any related organisatson li￿l￿ding any Re9imenlal Museum. Museum Trust 01 Association). To Conlribule lo t￿ prowwon of rgcreabonal facilities or to thè organisation of recreati¢Jnal ath'vrties or to the relief of any personlsl vtho are in need ol finan)al or wewaré assistsnce and who are Serving in or who have Sefved In the Regiment linduding deperbd&nls. widows and oW)ansl. To form, establish. support. make grants lo aALI aid In the formation, estsblishmenl and support of any other charitable companbes. Inslitulions, assoualions. Iru$ts or souetses fomied wth similar obieclives. For the advancement of the education of the general public. Slgnlflcant a¢tTrvltl•s The Truslees make regular grants lo Balaklava Company. Sth Battalion. The Royal Regiment of Scotland and The Argyll antj Sulhertond Highlanders Amiy Cadet Force and. rf asked, lo the 7th Battali￿, Thè Royal Rèaimenl ol Scotland the Regimental Asso¢ialion. as well as other chanl8ble or98nisalions. Granlg are ov¥ilable for individual8 or organisalims the Trustees deem lo fit tho criteria sel out above. including any member of the Regimenl. or any unil thereof, and any Associatigns which make provision for the welfare of members. ex-membefs CY famil￿$ of H. M. For¢￿ and who require assistance for theii Improvement, efficiency, benefit or wellare. Th• Trust supports activities dewgned lo rais• fvnd$ for the Trust and %thich wve lo unite the Regimen181 family, such as supporting periodic reunffis, Iho annual dinner for lom)er officers of th• Regiment and th• R¢gimenl81 Ball. Achl•v•rn•nt• and p•rfom)anc• The Trust continues lo provide the f¢cal poinl for all activities re18bng lo the Regiment through a range of activities and adminislralive supporl. This extends lo th• Amiy. and the Trust supports ceremonial and training activities such as the Coronation of His Maiesly The King lour Royal Palronl. His Majesty's Royal Guard at Balmoral. visrt5 to Iht Muyeum and Ca$lle and expedttsons. No dividend was made lo the Museum Tw5t this year given tha¢ the finanaal position of the Museum Trust did not warranl Ihis provision. Flnan¢i*l revlew Incoming resources for the year were £11S.836 12024. £25.9171. Resources expended were £54,Ck89 12024.. £34.9471, leaving a surplus lor the year 01 £53.97812024.' £43.103 surplus) after taking Into accourt the gainlloss on investments. The loss on investments lolalled £7,789 {2024. £52.133 gain). Total funds al 31 August 2025 were £681,827 12024. £627.8491. A formal review of finanaal of finanrial Strategy and performance wll be conducted in October 2025 for implemenlali¢)n in 2026. RK•rv•s policy The policy of the Trustees Is lo build up the free reserves to enable the Trust lo frjlfil ils objectives and ensure financial Slabilty while ensuring that the aims and intentions of the Twst are met and can contsnue to be mel. THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Rlsk manag•mgnt The Trustees are responsible for the Identifi￿110n and managemenl of risk. Fomial ￿￿ewS of the risk5 faung the Trust totsk place in 1996, 2004 and 2008 to lake account of the fomalion of The Royal Regiment of Scotland. Risk has been rev￿Wed annually thereafter. In the 2008 review, the legal advisers to the Trust ￿MPleted an assessmènt ol the risks lo wP*ich the Tnjst is exposed. particularly,. business. operational and financial risks and suggested procedures and regimes lo manage and reduc* the Identffied risks. The risk management process is regularly reviewed by the Trustees. Act￿$ required M) order lo miligate risks and are di$cLtssed at the TNslees' meetings and Implemented vthere required. Curr•nt sltuatlon The Regimental Trust conlinues lo monrtor all activty xross Ihe Regimental famity, ensuring that all elements of the Regimenlal family meet the stated oty'e¢lives of The Trust. The Regiment has also ho#led and en8bled several hwh-profile ￿$it$ and events- Viwl lo the Museum by the Dukè of Edinbufgh as well ay a commemoration event. hosted by His Majesty, The King, al Balmoral Castlè lo mmemoralè The Late Her Majesty Queen Elr28beth wlK> Sewd as our Colonél-lnthch￿I and Royal Patron for 75 years. The Regimental Tnjst continu•¥ lo publish the Thin R•d Line Magazim ￿ttl¢h 1$ sohj to members of the Reglmenl. A decision has been taken Ihal the 2025 edition wll be the last. 11 will be ieplaced by a much sm811er jginl Regimental and Museum Tru¥l newsletter every lour months. F￿Ur0 Plan The Regimental Trust ha$ reviewed IheRegimerrtal Trust Strategy wth 8 focus on all aspect$ of the Ragimgntsl Trust - The Museum and its collecb'on. maintenance of the Regimental Heritage and educational outreach,. the Regimental Assoeialion strudure and operakn"on. a$ well as the mainlenanee of the Officers. Dinner Club. the delivery of the annuol Regimental Ball as well as oversight of the Band of The Argyll and Suthèrt8nd Highlanders. Two rthl su￿0MMIttee$ have been initsalgd.. A Finance and A5sfj1 Management Sur￿¢0MMittee To produce a financial strategy,. grow Regimental assets (Regirnenlal Trusl. Museum Trusl and AsS￿lat￿nI. albcating ffiJndin9 and reporting perfomiance. will recommend the following year's èxpendrture (January to December) having revlewed and prioriliyèd requested Regimental engagements. An Engagement s￿￿0Mmittee. To produce a Regimental Engagemonl stralogy lin-detail annually, in outline 3 years+},' collating. synchronisrng. coordinating and publiusing all Regimental ev8nls, induding community. widèrAssociabon. Branch and Musèum events.. produce a Regimental joumal online annually. Both sub-commtttees will be ehaired by a Regimental Trustee rewt into Tho Regiment Trust. fom)ally biannually and as and when deusi¢Jns ar¢ r•quired. A review of the Regimental Associalii)n. its constitution arMI ways of workn'ng has also been initiated lo report in May 2026. Structur•, gov•man¢• and management The Charity is t¢Mlr(Aled by a governing document, a deed of trust. and conslrtules an unirKorporaled entity. The Argyll and Sutherland Highlanders Museum Trust 1$ a chanty registe￿ in S￿uand. tt operates under the temis of a Trust Deed dated 20 January 2011. THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 AUGUST2025 The TnMte8s Vltho sepled during the year arKI up lo the date of SI￿)11uro Of1￿ fin￿la1 8talem8nts were.. Brlgather IRetdlA Grrfrths OBE Brigadier (Retdl B W O Russ811 MBE DL Colonel (Retdl A K M Miller CBE Lt Ccl IReldl l McAlister MBE DL Lt Col (Reldl H l M cla￿ MBE Cdond IR8ldl NAP Wi9ht MBE Mr R Gemmo11 Lt Col {r•tdl E Ra• IRe8yd 31 Marth 20251 (Appoint•d 23 Odoblr 20251 R•crullffl•nt and appolnlm•nt ol n•w Tr￿t••$ Under the lemis ol the Gov•ming Deed, there are 8 Tntstees dfawr from the ranks 0fth0￿ havo servèd in the Regiment. Ex Offido Trustees are the Ch*"mian of the Regimerrtal Assoriatsm, tho Chairnian of thè Règlmental Dinmr Club and the Officer Commanding 8alaklav8 Company. 5th Batt*ion, Tho Roy•l R•gim•nt•l of Scdand. Olhors arg In¥rted lo Tr￿1 moetirvJs thoii att•nd￿￿ is c¢nsbd•rod berwfia"Al. A revb8W of Ir•lning and rncwilmenl ha8 b8•n undèrtaken to enwre that all Tru$l¢•8 are aware of the r•8pon$ibilth88 as a Twstee and thé owbves of the Tnffjt. Two Trustsès hav• been identifiéd and wll assume a ful Truth• rd• In Sept•mlJ•r 2025, wlth Ll Col IR•td) HIM Clark •tewbn9 dwi. Th•re 18 a recomm￿ded l•ngth of MpAce 015 ywi as a Trust••. Ntr•Ay •FpDlnted m•mb•rs of tho Reglmental Tru8t r•c•lv• Inforniatim orKI documwrts relvM* lo thls aFV￿￿tr￿rt. Man•g•m•nt Th• Tru81088 meet 8nnu81ty and fevlow acbvlYe8 of th• Trust. address 1$8U08 0rn1 amend or confinn the 8trategi¢ way 8h•od. Th Trust￿$ arn I￿nty r•spon*blè for imFl•m•nting th• agreed Strategy, Indudlng range of finanu81 exwnditure and the abWty to ctyrlnlt to contracts or IW•m ¢ommItm￿lI and monitor thè assets, indudirvj investment progr•u. Th• CNef Execullv• Offic•r io re•poNbl• lor lh• day to day fuming of tho Tru￿. Affllht•d or conn•cl•d ¢h•rltl•s . Th•Argyl and Suth•rland MUSe￿t Tnmt . TheArgyl and Sutherl&)d HI￿l￿nderS As8ocl* Th• TfU81ees' report 8pproved by th• Boord olTnAtO••. Brigadier (R•tdl A Grblffths OBE Tru#ts• e May 2026 THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST I report on the finan￿01 statements of the Charity for the year ended 31 August 2025. vthlch are set ¢MJt on pag8s 5t014. Resp•ctlv• re$ponilbllltl•s of Trust•es and •xamlner The CharTrty'$ Trustees afe responsi￿e fw the pieparalion of the financial slalemen15 in accordance wth the terms of the Charrties and Trustee Investsnents (Scolland) Act 2005 and the Charities Ac￿UnIS (Scollandl Regulations 2006. The charity's Trustees consider that the audit requirement of Regulation 10ltllal lo Icl of the 2006 Accounts Regulations does nol apply. 11 is my responsibility to examine the finanual statements 88 required under section 4411 Ilcl of the Act and to state Tr*hether particular matters have come lo my attention. Basls of Independent exarnlnerfs statement My examination is carried out in accordance wlh Regulation 11 of the Charrfies Accounts IScoUand} Règulations 2006. An examination inclLKles a review ol the accounting records kept by the charity and a comparison of the finonci31 statemen18 presented wth those records. 11 also indude$ COns￿eratIOn of any unusual iloms or disclosuros in the financial stalemenls. and seeking explanations from the trustees conceming any SLKh matters. The procedures un¢Jert*kén do not provide all the evHdence thal wouhj be required In an audit. and consèquently I do not express an audit opinion on the view 9iven by the finanual slalemenls. Ind•pend•nt èx*mln•rf¥ stst•m•nt Your attention Is drawn lo Ihe fact that the Charity has prepared finanual 8l•lemenls in arLordance ￿1￿ Accounting and reporting by Charities preparing their a¢￿Unts in accordance with the Financial Repcrting Standard applicat4e In the UK and Republic of Ireland IFRS 1021 in preference lo the kcounting and Reporting by Charrties. Slalernent of Recommended Practice Issued on 1 April 200S which 1$ releried lo in the extant r•gulalion8 bul has fKY4V been wlhdfawn. l understand that this has been done in order for the financial slat•m8nls lo provide o true and tsir view in accordance wth Generally Accepted Ac￿untIng Pra¢ts"c¢ gffgctrve for r•portsng periods ￿gInnIn9 on or after 1 January 2015. In connéction with my examination. no olher matter except that referred lo in the previous paragraph has come lo my 8ttenlion'. {a) whith give8 me rèasonable cause lo bel*ve that in any malerial respect the requirements. lo keep accountin9 record$ In accordance ￿￿th section 44111 lal of the 2005 Act and Regul4bon 4 cl the 2006 Ac£ounls Regulations.. and lil) to prgpare finanual ststtments vhlich accord wth lh• accountin9 roc￿￿$ and comply Regulation 8 of the 2006 Accounts Regulations.. have not been mel or Ibl to which. in my 0￿.niOn, attfjnI￿n should be drawn in order to en•We a proper understanding of t financial slalemenls lo be reached. N.J. Morrison C.A A2ets Audit Serwces 5 V￿￿terriarS Crescenl Perth PH2 OPA Unrted Kingdom THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Vnr•strlcted R¢strlct•d funds funds 2026 2025 Total Unr•stricted Restrlcted funds funds 2024 2024 Total 2026 2024 Not•s Incomt and •ndowm•nts from: Donations and legacie8 Other trading adivrties Inve51menls Other income 84.585 84,58S 14.386 16,810 55 5.998 5,998 4,511 15,408 14,386 4,511 16.810 55 15.408 Totsl In¢om• 101.450 14.386 115,836 21.406 4.511 25,917 Exp•ndlturn on: Raising funds Charitable 8ctivilie8 4.310 31,926 4.310 49.759 4.378 26,829 4,378 30,569 17,833 3,740 Totsl exp•ndltur• 38,236 17.833 54,069 31,207 3.740 34,947 Nel gainslllossesl on in¥￿tment$ 13 17.7891 {7,7891 52.133 52,133 N•t Incom•ll•xp•ndltur•l 57,425 13,4471 53,978 42.332 43,103 Transfers be￿een funds (1.815) 1,815 11.909) 1,909 N•t mov•m•nt In fund• 10 55.810 11.632) 53.978 40,423 2.680 43,103 Re¢on¢lllatlon ol lunds.. Fund balances at 1 Seplembor 2024 440,437 187.412 627,849 400.014 184.732 584,746 Fund balancos at 31 August 2025 496,047 185,780 681.827 440.437 187.412 627.849 The $talemenl of financ￿ aclivth'es indudes all gains arKI10sges recognised in the year. All income and expendrture derive from continuing acliwties. THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST BALANCE SHEET ASAT31 AUGUST2025 2026 2024 Flxgd as8•ts Inve$lments 16 581.561 594,452 Cufr•nt aisots Debtors Cash at bank and in hand 16 18,888 84.264 35.332 103,152 35,938 ¢r•dltors: amounts f*lllno du• Ththln on• y••r 17 12,8e4) 12,5411 N•t currnnt ••g•ts 100288 33,397 Total a•¥•ts IMS cuff•nt l•blllU 881,827 627,849 Th• fund• of th• Charlty R8slricled income funds Unrestrlct•d fund$ 185,780 486,047 187,412 440,437 19 681.827 827,849 The financial sta14*nenli w•r• approved by the Tru$1•￿ M 6 May 2028 Brigadi•r (R￿dI A Griffith• OBE Tnmt THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcles Charty information The Argyll and Sutherland Highlanders Museum Trust is a chanty registered in ScoU8nd. 11 operates under the tems ol a Trust Deed dated 20 January 2011. 1.1 Accountlng conv•ntlon The financial statemenls have been prepared in accordance wlh the Chanty's governing document, the Charities and Trustee Investment (Scollandl Act 2005, the Charth'es Aetounls IS¢otlandl Regulations 2006 las amended) and 'Accounling and Reporti'ng by Charities. Statement of Recommended Practice applicabl to charities prepafing their accounts in accordance wrth the Finanaal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191". The Chanly is a Publi¢ Benefit Enlrty as defined by FRS 102. The Charity hats taken advantage of the prowsions in the SORP for charsty'e$ applying FRS 102 Update Bulletin 1 not lo prèpare a Ststement of Cash Flow4. The financial slalements are prepared in sterling, whKh is the funthonal ￿rIen￿ of the Chanty. Monetary amounts in these ffinanual 8talemenl$ are rounded lo the nearest £. The finanual statemfjnts have been prepared undèr the historical cost convonlion. mOdif￿d to include the fèvaluation of freehold prope￿.•$ and to indude investment wOpert￿$ And certain finanpal instnwnents at falr value. The piincipal accounting poliues adopted are sel OLrt bethi. 1.2 Golng concern Al the time ol approving thè fin8nul stslem•nl$. thè Trustees have • reasonable expeclalion that the Charity has adequate resources lo Contin￿ in operational exist•nce for the loreseeable fvturg. Thus thè TnAle88 continue lo adopt the going concern baws ol accounting in preparing Ihe financial stalemenls. 1.3 CharltJbl• lund# Unrestricted funds are available for use at Ihe discrelion of ts Tru$toès in furthefance of Iheir charitabl• obJ'ecti¥e8. Reslrfcled fun¢Js are subject lo speufic conditions ty donorn or grantors as lo how they may be usèd. The purp06e8 and usos of the restn.cted funds are sel out in the not•3 to the financial stalern8nts. 1.4 Incom• Income Is recogniseonsorships 14,366 4,511 In¢om• from Investm•nts Unr•strlct•d Unr•strlctèd funds fund$ 2025 2024 Dividends received Interest received 13,318 3,492 15.129 279 16,810 15,408 THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Other In¢om• Unr•strkt•d Unr•stricted funds funds 2026 2024 Royalties 55 Ral8lng funds Unrtrltrfcted Unrestricted funds funds 202S 2024 Inve$lmtnl management 4.310 4,378 4,310 4,378 Expendb￿re on ch*rlt•bk actlvttl•s Ch•rltsbl• •¢tlvbtles 2025 Ch•rli•bl• actlvbtl•# 2024 Dlr•ct costs Insurance Postage 8lalionery Sundry expens R•gim•ntal Ball Regimental Ball donalion Donatsons paid to Museum Trust 805 3,441 8,291 9,392 3,000 12,954 779 3.530 6,930 210 35,883 11,449 Grant fuThJing of 8Ctivrties Isee note 8) 11,2S8 8.500 Shar• of support and gov•mance c￿ts (see not• 91 Governance 2.818 10.820 49.759 30.569 Analys1$ by fund Unrestricted fijnds Restricted funds 31,926 17,833 26.829 3.740 49,759 30.569 THE ARGYLLAND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST2025 Grants payab 2026 2024 Grants to inslilub'ons". The Argyll and Sutherfand H￿hlandern Museum Tn￿t Balaklava Cornpany, 5th Battal￿n. The Royal Regimènt ol Scouand D Company, 7 SCOTS The Argyll and Sutherfand HwhlarKlern Battalion ACF 7,000 2.0¢)0 758 1,500 1.500 11,2S8 8.500 Support •lloc•t•d to •ctl¥lil•• 2026 2024 G0vemAr￿e eostB 2,818 10.620 Analy¥•d ￿tWeeTh: Charitable activities 2.818 10,620 10 N•t mov•m•nt In fund• 2025 2024 Tt• n•1 movement in lunds 1$ Staled after chargingllcredlb'ng).. Fees payab￿ for Ihe independent examinth.on of thè financiel statements 2,640 2,520 11 Tru•t••• None of Ihg Trustees lor any persons cwngctgd wlh them) recer¥ed any remuneration or benefits frLYn Ihe Charrty during the year. 12 Employ••• The average monthly number of employees durin9 the year was.. 2025 Numb•r 2024 Numb•r Total The payroll systern was operated through The Argyll and Sulherland Highlander5 Museum Trust. There were no payroll expenses recharged for 2025 Lv 2024. The Trust considers rt5 key managemenl personnel to comprise of the Trustees and Chief Execulive Offi'cer. The employment beneffts of the key management Fersorulel were £Nil {2024.' £Nill. 10- THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 12 Employees Iconllnuedl There were employees *those annual ￿Muneration was more than £60,000. 13 Galns and Ioss•8 on Investm•nts Unr•strlct•d Unrg8trlct•d funds funds 2026 2024 Gainslllossesl ari*ng on.. Revaluation o11nveslmenls Sale o11nveslmenls 9,049 116,8381 39,921 12,212 17,7891 52,133 14 T•xatlon Th• charity 1$ exempt from lax on income arKI gains falling within section 505 of the Taxes Act 1988 or 3eth.on 252 of the Taxth'on ol Chargeable Gains Aet 1992 10 extent that these are applied to its charitable obj'ects. 1 S Flx•d ••set Inv•stm•nts Llstgd Investments Cost of valuallon Al 1 September 2024 Additions Valuation changos Investments relating lo Museum Trust Incorne earned through 8¢cumulalin9 funds Disposals $94.452 168.110 9.049 110.0001 1,477 {181,5271 Al 31 August 2025 581,561 C•rrylng *mount Al 31 August 2025 581,581 At 31 August 2024 594.452 16 0ebtOfS 2026 2024 Amounts fallin9 du• withln on• y•ar. Other debloTS Propaymenls and accrued income 18,888 606 18,888 606 11 THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 17 ¢Twdltors: amounts lalllng du• wlthln ono y•ar 2026 2024 Other creditors Aceruals and deferred income 224 2,662 2.541 2,686 2,541 18 R￿trIct￿￿ fund• The restricted funds ol the chanty comprise unexper*ded balances of donatsong 4TrJ grants held on trust subject lo specific conditions by donors as to hthv they may be used. At1 S•pt•mbèr 2024 In¢omlng R•sourc•# rvJour¢es exp•nded Trnn•f•r¥ At 31 Augu¥t 2025 Balaklav8 Company. 5th Battalion. The Royal Regiment of Scotland Ball fvnd Thin Red Line 171.888 15.524 12.0001 (12.392) 13,441) 169,888 15,892 12.780 1.626 1,815 187.412 14.388 117.6331 1.815 185,780 Pr•vlous y•ar. At1 Incomlng S•pt•mb•r r￿oUr¢ 2023 R•sourc•s •X￿￿￿ed Trnnsf•rn At 31 August 2024 Balaklava Company. 5th Battalion, The Royal Regiment ol Scotland Ball fund Thin Red Line 171.888 12.844 171,888 1 S.524 2,890 1.621 12101 13,5301 1.909 184.732 4.511 13.7401 1.909 187.412 12- THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 18 Restrfctgd fundi Iconllnuedl Balaklava Company, 5th Battalion. The Royal Regiment of Scolland - this fvnd has the same purposes as that of the Regimental Trust. Ball fund - this fund is used to run the annual Regimental Ball In Sbrling Castle, vA)ich rai50$ money for the Museum. Thin Red Line . this fund is used lo produce an annual magazine %%thich is distributed lo a list of subscribers. 11 covef$ pu￿*Call0n. printing and dislTibulion costs. Tr•nsf•r from UnMstrlct•d Fund A Iransler 01 £1,815 was made. in the 2025 year. Irorn the Unreslricted Funds lo Thin Red Line lo cover the deficit in the fund. 19 Unrn¥lrl¢l•d fund¥ The unrestricted funds of the charrty comprise the unexpended balances gf donations and grants which are not Subject ID speufic conditions by donors and granlors a3 lo how they may be used. These include designated fvnds which have beon sel asidè out ol unrestnded funds by the trustees for specrfic purposes. At1 8•pt•m￿r 2024 lftcomlng TvJource* Trnn•f•r4 Galns and At 31 Augu•t 2025 •xp•nd•d General funds 440,437 101.450 136,2361 11.815) 17.7891 496,047 Prevlous y••r: At1 S•ptemb•r 2023 Incomlng rnsourc R￿OurceS •xynded Tr•n$f•rs G*ln¥ •nd At 31 August loss•s 2024 General funds 400,014 21,406 {31.2071 {1.9091 52,133 440.437 20 An•lysls of n•t ass•ts betwvn fund¥ Unr•strlcted lund• 2026 RHtrfcted funds 2026 Tot*1 2026 At 31 August 2025: Invèstments Current ￿sets1{li8b1lI1lt6I 581.561 185.5141 581,561 100,266 185,780 496,047 185,780 681.827 13- THE ARGYLL AND SUTHERLAND HIGHLANDERS REGIMENTAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 20 Analys1$ of n•t ass•ts between lunds IContlnu•dl Unr•strict•d funds 2024 R•¥trkted funds 2024 Total 2024 Al 31 August 2024: Investments Current assetsllliabilitiesl 594,452 11S4.0151 594,452 33,397 187.412 440,437 187,412 627.849 21 R•lat•d party tr•n$•c¢lons Tr•n$a¢tlons wlth r•l*t•d p*rtlo8 The Argyll and Sulhertand Highlanders Shop Limited and The ArgyN arrt1 Suthertand Highlanders Regiment81 Trust are related due lo common TrusteeS￿lrÉCtOTs and a fomial partnership agreement is in place. Thè Trust holds a bond and floating charge ovor the undertaking. aN propety and ass•l8 of The Argyll and SLrth•d4nd Highlanders Shop Limited. Relatéd party tron￿ctiOnS for the year are as lollThs". During Ihfj year lo 31 August 2025. grants and donalions were paid lo The Ar9yII and Sutherland Highlandefg Museum Trust of £22,954 12024." £13,000). This grant fvnding was provided for salaries. IT Support and legal expense$. Al th? year end. there was a loan due from The Argyll an¢J Sutherfand Highlander$ Museum Trusl of £18,88812024. £nill. 14-