Ch*ity No. SC013879
Th• Buchanan Society
Report and Accounts
31 Decffiiber 2024

Th• Buchanan Soclety
Ind•x to th• Flnanclal Slatem•ntr
forth* Year Endod 31 D•¢•mb•f 2024
P8ge
Legal and Athiristr8il¥e Infomatw
Rewt rf th• Dlreciors
ReF4Xt (* the Independwt ExamNxr
Sts1￿￿ent of Financial A¢tr¥its8
8818nca Shet
Notss to th• Accounts

Pag8 1
Tho Buchanan Socl8ty
Logal and AiknlnL8tratlvè InfofrnatW)n
Con$tltutlon: Tr S(Klety e818t4i8hed on 5 Marth 1725 and a Seal
(rf Charter from the Hc￿. Magstrates T(￿ CouKII of
¢J8¥gow ir*0 a Legal 5 SertembeT 1753.
11 is 9)ver￿d ty Ihe Constrtulion. Rules and Byp4awy a8 8merthd 8ThY
ted 27 Februw 1W8, 28 Fttr*u8ry 1988 arwj 18 May 2002.
Charlty Nwnb•r.
SC013679
Tru•tsM:
Addreu..
Ind•p•nd•nt Exominpr:
Bell Barr & Co
2 Strart
Mln
G62 6BW
Bank•r.
Bank of Scp)IlaThl
PenlI￿d House
8 Loclwje
EdIr￿Urgh
EH12 9DJ
Inv•Blmort Advls•r4:
George Hw$8
50 GeNp Sware
Glasgc
G2 1EH

Page 2
Th• Buchanan Socb•ty
R•port ofth• Olr•ctorn
for th• Year End•d 31 Decemb•r 2024
Structurn Oryantsatlon and Manag•ment
The Society Ls an un1nc0rF￿èted astyodat￿n *ith charilth ot8th.
Th8 Directors. also Trustees ofthe Soc*. appointed tythe at the knnual
General M8thng. as IAid do%￿ SocW8 Ccnsi￿lI0n.
All Memberj of tha Soc* gr8 8119t￿8 for the Offi￿ of Dtrector, t1￿Y xe offvll 890 and are
Jt in receipt of a grarrt ￿ pensbn from thè SC￿ty. They are by the Mambern personal
Fyosert 8t the Annual MeetirvJ. At th& meeting Iho Drectors at ts tc¥> of th•11818hdl retire
from office and Other Dire¢#or$ bè elected in Ihoir pkn by the memb￿ ￿riOnallY pres￿1,
after bw'ThJ ¢JJy FfOPOSto# aThJ SeC￿de{l. The Directors 80 wint&J shall be add&J to I
of the list in the ord•r of Ihwr dectbjn. A ClirectN rthrvj shall rmjt elyitle r84*Cl￿n$
tll one ￿r tsll hav• •l•wd from date of retir81.
In the 8vont of a y￿nCy crtcurrmg *nong Iho Dir￿tr• fr(xn any $8m• m•y I￿ flled up
t•mporarily by Board, and the Lh'reclc* so 8pWn￿ shall hrjd offi¢e unlll the next Annual
Gener81 Meeting. At Ihot Mwbng a [h"reCt￿ 6IK411 b6 apwnted, may or may not b8 the
Director 80 appo'nted lemF4yarlly. SLth Dlrec4Jr shall retlfy frcth okn v**en the Direclcrf wt
pl•c• he h88 t8ken In the C￿￿￿ry c(u8e, havo r¢lk•d.
In th• event of B prtsent Member ol the Board b￿"ThJ elxted Pre8e5. ￿ Meeting at he ts
pointed sh811 fcrthwith lo elect a Director to fim his ￿•Co. A ￿'reth ¥0 elected S￿011
rallre fr(ffi office when the Dwectcff whw rAace he has taken vh)uld. in the ordvwy us*, have
rellred.
The r(kntbn of DI[￿tr￿ ¢r￿ureS that Difectorn b•n•fft from Ihè exp8rlence oft*w)￿ M offico.
The Boar(l of DKeLtor8 megt ￿ averny8 thr￿ times yèar and are wel￿ted with cwrent
finartlal Inlormation. 08 well as gr8nls to te s￿rded, at thwr meoliry. In •dthticffi. Ihg Offie4
Bewero arn A8 regards d8ylo day m*tgr8 8rf¢0.
ObJKts arHI Actlvlll••
Thg objects of Socioty aré to 8881st the poor cl the Clan SeOJ. 8nd to further the wjucallon
of memb8r8 fvyomise.
The Directors have PLrt in plac6 rKttethres to thnlity ?￿d minimise rrsk and risk 1$ con8hJered (
regukr basi5 * Board M*lirwJ5.
During SOc￿ty ¢LN)tirthd lo Pr￿ Fen5KXB and educaliwl grants in aco)rdtrta
vAth the objects, has been extended to lamilles as as ir¥Jividuals.
A¢hkv•m•nts
Oudng Ihe sear Ihe Soaety paid swants totslirva £32.42312023.. rJ3.8W) Directu8 we
eased that the Scaety has been a￿e lo aS￿St to Ihis exknt

Pag8 3
R9￿t of Iho firgctorn
for th• Year End•d 31 0oc•mb•r 2024. contlnu*d
Fln•ndal R•ts4•w
Entry feas of £450 wwe r￿ad thrlrwJ the year12023.' £600).
Investrn8nt inLxffne for the yw dmased by 3.9% from £49,794 10 £47.B4512023." dvJea8e S.1%),
vknl* dirèct charftaLI• oxpen(*iure the S(Ki* declets￿ by 4.33%12023..de¢rnase 21.13%).
R•¥l•w of A•••ts
Full details oflh fflx•J a88otJ inwstrrthts oftr* Soc* are In Notes 4 Ir¥J 5 to t
oc£ounts.
rn0rk￿ value olthe kn141 fvnds of thè Soclety at 31 Cecénknr 2024 WaB £1.748,054
{2023'. £1,695,563).
T•x Stats
A• • regl8t•red th• SOC￿ li •x•mFI frrffi t&Y.
Any of fvnd$ •ftw expgndllffti18 relairnd a8 urYestrid•d reoervvs in h 9￿￿r•I fund.
H R & J M 8uchonan M8mori81 Ftsnd r0ew￿ted Furrtll
Thls l￿d 18 to be u8¢d to ward grarts lo $tudgnts of exc•pttsial Alxllty. Ai)y •urFAus of aft
exp•nditw• 18 rntsln•d to rr￿1 the ¢tyd8 dtho fur#Y•.
Vic• AdmlTrl Slr P91er w8￿h8n8n Fund (Resthc18d Fund)
Thls fund Is lo be u$•d for *th di8aknlitits. hny surrlus of expenthlure 18 r•t•in•d
to meet the c*i•¢ts the fundj.
The Dir•ctry• (x>n8bderlh• wfndent to m••t the ¢CrfhYnthntB Sc(A•ty.
The Sodoty ha8 khMr¥ to r￿e any it)bestmrts vthtcti the ¢￿Ider ft HthVe￿r al
Investment ¢Jeo*o￿ ￿ iaKen m the a¢fvice of ts Sowtyj ￿￿(*￿er3, Rahbcno In¥estsi)ent manag6m￿l
PIAn• lor lh• F
Tho Dir•c*or81rtond fty the &￿Iety to c4Mrtinue to ing*lwr ncome from irNestments hekl arKI to
maxini80 the fuThls ￿•￿*bIe fu gr•its to thLBe ofthe aan and Septs tAfio are in Meil.

Page 4
The Buch•nan Socloty
Report of the Dlrnctor8
for the Yeat Ended 31 Doc•mbw 2024. contlnu•d
slat￿￿1 crf Dlr•ct(M¥' Re¥pNMlbllltle•
Law applubk to charit￿ in Scoo￿1 re￿￿ tt* Directors lo prepare finertk81 statements for
each flnancial year *thich give a true tsir VEW of the S¢x*tys fin8nuaf athitioJ during t￿ yEar
d of ifs flnancial posiknm at ts end cl year.
In prepadng frnncig18tat6ments. gvlrs a tru• WMI l*f tho Dtrethrs are rgwirnd to..
- 8alect sutWle acctsjntiry Pol￿8$ and then apply th￿n consist8nty.
- make judgements arKI e8tmate8 Ihol réa8onabb& and pn￿errt..
. state lthether appkabk xcLxmb'ng 8t8nd8rds h8¥• beon fdlo¥Ad , 8uW'•ct lo •ry mat¢rt81
departures disGIo8•d and expl•'r￿d in the ￿n&￿1 sta￿entS,.
- preparts the finanud staternenls ￿ the goir#J ccywi ba8iB it ij inapprwlato 10
esurne that the Sc¢ty will ccrtinue in oraabon,.
Th• Direetorn are rOsp￿S1￿? fly k￿lI¥j Fwoper 8ccfjuntwvJ rewds th'8ck)se vlth
r48sonot4e xcwacy at ￿rne the finanoal rrfjsrtl￿ d rhe ￿ety and vtrich enable Ih8m to
8LKe th81 the finaroo18t8t8mants wih CtsrNles and Trustee Inve¥tsnert IS¢otlandl
Act 2005 and re9ulalKJn 8 of the Ch¥ltl8s AccoLtnts (Scottanrf) Re9LA¥t1￿￿ 2008.
They are a180 res￿#1b1• for safeguardirwJ the assots 01 ccrfnpany and hert8 for t8klrvJ
rea8on8tlo step8 fcf the provonkn w#J d?t•ckn of fraL•J Irr•wlarlbgs.
Apwovgd by the Board of Tr￿l¢eY on 18 May 2025 and avJn•d on
Trea8urer

Pago 5
Ind•p•nd•nt Examln•rf8 R•port lo th• Tru•t•4s of
Th• Buehanan 8ocl•ty
I repcit on the acc￿lts for t￿ year ended 31 Dec*mb8T 2024 8d on pages six lo eleve
RHp*etlv• responslbullkns of InMl••s and •xamlDer
The charitys IN$tses are respon￿￿￿8 for prq)aratKn of the ￿nts in a¢cz(dance with the terms of the
cha￿tIeS ar•Y T1￿￿tee Investment Isccthnd) Act 2(Q5 the Charrties Accounts IScdlatKII Regulatiom 2008
las amer¥Jed). The chariils trustee¥ ¢￿sKIe[ It¥9t tr* aKht requwement of Rewlatt'on 1011 I{al to Icl ol tha
Acc¢unls Reg￿?1￿3 does not apWy.11 is my reS￿n81￿1itY lo ¢xamin the accourrts 45 requked under Sthin
44{1)Ic) of the AGt and to state thh•r m8ts• have com• lo my attentlon.
B•$li of th• Ind•pond•nt •xamlnorfs r•port
My examinatlon was carriwj out in accwdarKe vhlh Regulalkn 11 ofth8 Charibes kcounts {ScoU8r￿)
RégulatiCfi8 2006. An 6xaminaJon ￿r￿deS a revi￿ of Ihg accounling kept by Ihe charity aril
c0rnp8da￿ of the accounts yesenled rocord$. 11 akn lrbd￿￿0$ ccfis1d9ratit￿ of ary unusual rtem•
d1#dosur￿ in the acco￿18, and g••king explanati¢￿5 ycw as trust888 eortsmirvJ any Èu¢h m8ttèrJ.
The procedLnS undertak8n do r+ct FYo4id• All the that l4w￿k1 be r￿￿[8d li an audrt. and
consequently I do nol exprè88 an audit opinion vlthv glven by its 8c£ounts.
Ind•p•ndent •x•mlnorf¥ •tsl•m•Dt
In ccnnKtyon wlh my gKamin8kn"M. no matter h88 come lo my att￿￿.(￿..
1 ￿kn1¢h gfve8 me r￿$<￿•ble cwse to bdbeve that, In any Matw￿l f￿, tho requirem8n18
to keep xcountlr¥J recryd$ in aco)rdanco SKAion W1)(al of the 20D5 Act and R¢gu18tl¢)n 4
of the 20C6 Accounts Regulation¥', and
to prépare xcourrts wfith V4rylh tr* K£o￿lmYa reccrfds a￿j to ¢¢Inp￿ *lth RogUh￿¢)n 8 of
- th8 2006 k￿nIS Regulations
lo w4Neh. in my cynlon. attènlion Sh￿kj bè dr?￿n In ￿der to en8lAo a wopw wd8r8tarKling of the
accounts to be reach￿.
8ell & Cornpany
Chartered Accountants
2 Stowart Street
Milngov
Glaggow
G62 8BW
16415-25

for th•Y••rend•d 31 D•c•mb•r 2024
Toi•l
VA P•l4f
Toi•l
2J
Fwd
Fund
Fund•
Fwd
20a4
17.215
450
4T,845
17,216
450
47.845
17316
450
47.845
M•mb6rn Fe
Inv￿MeTrt Inc4Jme
Rerf
761
T•tsl I￿orn*
Exp•ndllur•
P¢ro*sMr & Famty fy•rt•
Stud•M Tr•nt•
nlnlltrnlon EXF￿0
25.703
6.720
33.361
2S.703
6.720
33.*1
25.703
6.7ZO
33.361
#.070
8,820
N•tlEXp•ndI￿ff*ll1lK0
on Inv••tr)i•ni•
12741
12741
12741
110.7131
N•t O•WLc•M•l on
Iw••thi•nt A•••t•
52.7
64.748
N•t Mov•mrt In Fund•
62,481
52,4•1
52,491
Total Fund• Vonv•wd
I.￿2.711
1.692.C63
1 @95,563
1,041,$30
1748054

Th• BuGh•n•n80¢1•ty
at31 D•wnb•r 21124
2024
Fbt•d Awl•
Invest￿nIS ut M**•t Vgk
Fi¥ed Ini¢r•st
Eq￿tieS
82,860
1,571.820
lh16.￿17
urr•nt A•••i•
Shcft Tem Depo￿
45.08D
LM•.' Curr•rt Lthblfrt
Credkni
N•tA•••l•
1 748.054
Unrn•trkt•d Fund•
G8n•rnl Fu
morfgl FuTrJ
1,718302
1,662.711
29.352
1,744.
1.692,rA3
ft•1trSei•d Fun
VA Si Peter P￿d
3,600
1.695.563
2025 *rKI •*Jr*d M if• bohwti

The Buchanan Socioty
Notes to th• A¢¢ounts
for the Y•ar Ended 31 DeG•mb•r 2024
A¢counting Pollcl•s
The accounts have been pr•paTed in a¢(x>rdartt *ith eFWrAble a¢C￿ntkn9 gtandwds and
under the hi8torKal co¥1 convenkn. mcthed to reflect the indLMion of inVestM￿t5 Ot
market valL* and in xcutsnce Vlilh thts charit￿ and T￿te88 Inve8tm8nl {ScoUaTrJ) A¢1
2005, The Charibes ACc￿rts Iscodandl Rewlabffis 2006 and ts Chanb8s SORP IFRS 102}
"Accwntlry arnl ReFQrting by Chwibes." Statements of R￿nmended Pwtice applicablè to
chgrilies preparing thelr a￿ts in awdanc8 *ith th9 Financid Rewtny Stsn(tsrd
aPFAkable in UK RepuNic of Irelarvj (FRS 1LY2) leff•clive 1 January 20151..
Incom•
I donaticns and gifis are include•J V*ilhwi irK(*nirvJ rèsourcos under wthw Un￿StrICted or
restrictgj funds acc¢xding to tem8 Urthr￿1Ch th• dwalion ts made and Incom018
rewnl￿d once charfty hey entilement to ts funds. It18 probat4e tho In¢ty￿4 VAII
be re￿i¥¢d end the amourt ￿ be m88awed relwbty.
Expendtture
Li•lx'libe6 gre recogn18ed a8 exp￿￿￿￿¢ 01 sC￿n a8 thwg18 a bJNI or c£nstructlve 0￿￿jaI￿n
ccmmrtb'ng t￿ charrty10 that ewndth. li is probgw that a trwsler ol 8￿rK￿lC ￿nefits
11 be r8qulred In settlemerrt arh1 ts 8mount of ts obligation ¢an be meaSL￿8d reliably.
Expwbdilure13 accounted on ￿ ￿L￿18 b8￿8 and has b•en dats*tl¢d under h&adlngs
trol aggregate all cost TeLgled lo that calo90ry. Whore ¢08ts cannot h ¢Jrecty attnbuteA to
parli￿18r heodiThJ8 It*y ha¥e bew alh)c&ted lo acts¥ib•s CO￿Stant with urye of
C*•h •t Bank and In Hand
Cash at b￿k In ha￿1 IrrlLM1es ￿8h and short leTh hgNy liquid investments wlh a shc¢t
maturity ofthree monlhs (Y *5$ date of 9￿1r￿j of the aCC￿jnI.
Fln•nclal Instruments
The charity onty has flnanclal ass￿ financlal11&411*8 of 8 kind that qualfy a8 b8fic
fin￿GI￿1 instrwnents. Bajic finandal Instruments IrAb"alty rwnl8ed at tr￿$s¢tIon value
and m•a8w•d at tsir ¥¢lllthnent value.
H•rftag• A￿ets
The ¢harity owns certain hwit8ge ossets vkbich are Mt Wit￿1$¢d on tha b881s that tw
are of such an age it is r￿1 p¢)ssible lo •slaL4ish ts COBt or market v8lu• of t￿e •sset8.
InvgstmMts
Foxed 88Sgt Invo8trn•rrtS WO *at•d at lalr value at thè bglance sheet dalè. Ré81i8èd and
ro¢o9nb￿d gaIr￿ and10$8￿ 4T0 tsken to ihe Slatwnurt of Frnnctal Activibes.
Fundi
Funds are daggrfted as erther rèsth"ei&J or unr86tr.cted funds, defined as f01b￿..
Re8tride(I funds are sthject to specffic rewlrem￿ts as to thdr use, which may
decl8red by the th)nty or *ith Ihelr auth￿ty. or (¥e•i&1 thrwgh Wal wocesses. Ixrt 51111
¥￿thin the wder rt*jects of ts dwlty.
Unrestricted knds ate eNperKlat4e at Ihe dthè trustees in furth¢r8w of tr
objects of the tharmy. If pwts un￿s￿1Cted ftmds are eamiathad at the L*'suel'r
ol the trustees for a partKular purwse. W are dewwated ￿ 8 sepwate l￿d. Thè
deslgnation has an admnistrabve FWOSè or￿Y and does not kg81ty restrica the trustees
discrelion to ath thefvTrJ.

Page 9
3￿h8n￿ 8o¢lrty
Not•16 to th• Aeeounts
forthe Year Ended 31 De¢•mb•r 2024
2923
DcmatKJns
er F¢e8
17.215
1,1
17.E65
3.1•l IA•nag•m•nt*nd A¢knknl•tr•iion olth•Ch•rlty
2023
TnJstetr F¢#i
S•tretafial Dul
Tr￿S(￿er Duthes
1r*JeF￿durt EAt￿n￿￿on F
6,9)0
14
36 13WD
Suftdry
AGM Dnner ISurpluBlltknfiu"t
Telet*ion&, Po*Bps, PMliThJ & &aUonary
I￿UlanceS
Bank Cherge8
Lty81 fe¢8
Nomlr£• CWB
352
1,104
1.704
23
1.79)
12.248
J. Ib) RwwrvJr4tlon
The Pre8e3 and ￿'re¢SOr$. olhw than the Se(xetsry Treasurer ￿l￿ed no rernuneratic
or expenseB th• thafty. The Treasurer [￿1¥￿0 8 f¢9 ￿ £6,500 and the Se• 81
received a fee cl£8.5CQ.
H•rttago A•Mts
Th• SOc￿ty VWIOLB assds (Tht 15 kncwi ¥•J no Ma￿•t vall￿ can
b8 estat4i8hed. Due to ￿ n8tur• ol Iha assets invc4wa aTrJ the18Ct thai there 18 m rnorket
value tf b)e5e fAJtside if* ttwrtty. the Dir8d￿3 C(￿￿KIe[ Ihat J vgluob"o) ol the assets would
re8uII in ￿n0¢￿S￿ry CO8t no bfrnefft to Ih charty.
Hwitsgo 08Bots Comp￿￿ ofthe F¥e6eB cha￿ ofOffi¢•, Island In Lrynond,
lh• B￿nan Mwument In ￿lIe9m. an oak lèctèm, svMg1 F4NiraNs *¥J w ethn￿¥* h.bwol
bJ¢ks dttumenls reL*iig to Clan Sc¢￿.
The Direclorn maintsin detsled rettfd5 of the hpJtsgè a$$8ts hgld and a lul catslogue of the
bJ¢k$, d¢￿mOnt9 and arhwrk is detaiw In thè ￿l￿S hanthok. a ¢xpy ofwhith may
¢&trin•d on r8quast frC￿ ihe Stuetsry. Most of Ihe heniag8 a￿ts a￿ 8¥&'lable lor
by affang8m8nt aThJ detalls of tc* dothis may be obtaned from Seugtary.

P*p 10
& (•) Flx•dlnt•rnt#*•d
49,I•T
f19.3W)
(1e.4511
18.rffj4
11.W)
1819
T4lqlF¥fy
•m•rthl
2924
34
3013
1.171.120
1.542.409
1.516.QfP
f•40•6
(231.9131
12T2017)
12)4.gY5J
R71¢7n
$1.1
1 8110&7

11
Tlw 8u¢h•wn $o¢••ty
for lh• Yw Endwl 31 2024
Cr•d*(v•
Cuwr•rt
Tot•1
Qenerd Fund
Fund
1.167,8n
47.32
1,775,2￿2
29,352
1.097.Z25
47,329 1,744.5Y
R••trl¢t•d Fund•
VA S¥ P•*r B
S X1829 1.748 054
rd•i¢d p•1ytr•rAKaknsiknw¥ t￿ 31 C*•rtw 3)24. wrtfrtyn th•