REGISTERED CHARITY NUMBER: SC013795 Rtp•rt ofthe ••d Fth*ttttsi Sts¢ewe•t¥ lor tke Yt*r E•dtd Jl D¢t¢mb¢r Z•15 FTItDds ofsummerkt Htrh4e Trn Frl¢Dd8 of Summerke Herlt*ie Trust Conttntj of tbe F1D•DCl￿ Sl¥tetheats fot tbt ye*r tudtd JI Dttember 2025 Rt]K)rt oftheTrustets I to3 Independent Ex￿iDe¢l ReKX)rt Stsiemcni of FtDanciBI Activiiie5 B11￿ce Shc Note5 to the Finw￿l11 Ststemems 7108 Delailed Statement of Financiil Aetiviii Frlendi of Summerlte Heritxffe Trust Report of tbe Trtstsees for the year eKded JI D&rember 2•25 The Irustttgpreseni ¢heiT rwrt with the gatrmeNS of chty for tl* yewewtsj 31 Ikcember 2025. FkRLNCEAND ADMINISTIL4TIVE DETAIIS Re8tstered Chmrlty nHmbtr SC0I3795 Ptln¢ip•l 8ddres5 Heritage Way C.04tbridgt ML5 IQD Tru5tctJ Gorthn Mxmillan Ilon. Pl￿&ni John Convtry ChaLTrr May M Convery Ire5i8ned 813r25} Sttrewy 'rrevor Rees Treasur Roderick D Ellis David Willey l•deptndtni *XAthlxer Fiona Moriimer BA CA I Siuarion Park East Kilbride G744LA STRUCTURL C.OVERNANCK AND MANAGEMENT GoverDln8 documtDt The ¢harity was fomied on 21 April 1988 ahd 15 ststrrrncd by rowtitulion l•m¢nd¢d Mw¢h 20141. i*i*l stat￿ •nd Gw¢rn•*¢t Fri¢nds of Summerl¢¢ >s 4 lder is thii of Re5poThsible Officcr for th¢ tramway. Th¢ ¢ramw&y is a si8ntfJcaDI QttrXt￿n I￿1 dtnws visiknts fxom •rw)d th¢¢c4Jnlry further afield: knwever. trAm Operatio￿ bave b¢¢n 5uspellded since tale 202?. it)itsally due 10 an ¢i¢¢tr¢￿1 issu¢ whKh was T¢solveiL bui subs4uenily beclluse of there bein8 ILO R¢sponsibl¢ Officu. Tbu4 It Wa5 dis4)p)iniJn8 no suithbkc•ndMlaie$ •ppliedtr* fdl the pst an& iThcorLwqucncq the tramway is unabk ￿ rcsum¢ op¢r4tiork Sn FebruHry. there was In m¢etin8 cohventtl 10 sttk Views, coThsi&r rfj>iiorth and look ai the 'w8y foTwird' for th¢ Friends.. Thr Monday work¥knp wi%up o#ly tonsists of • very sm•ll handfijl of ie8vlars. in pan thi5 duc to th¢ Fri¢nd5 b¢ing promot¢d by Volurtlter NL. The meeiing was a￿￿nged in T¢cogniiion IhBi th¢ advon¢in8 y¢ars ofknjg serbin¥ membtr5 and wartitw ini¢r¢s1 i 8eiiin8 new peopl¢ in¥olved had w t¢ •thJT¢v¢d: this m¢¢tiD8 followrjl Én March by thc AGM. Th¢ op¢D¥n8 4ddrus &t the AGM rctCre￿cd the fallin¥ membefthip ar¥J thelitte m irbierest in Fr¢ends' aeiiviibes las eVi&n¢￿ by very low tUTll-ouiI.' Ihe remaining office beareT5 indicaied IW were smnding down and sttking re-eleciion. To facilitsie some cnntjnuity in the Short term. two ncw Tn￿let5 were i￿r￿ved1•pptsIfi￿d bul Ihe view of members Preseni WAS thaL in due tourge. li is likely Iht friends will be fo￿allY dissolved. Due 10 ihe ongoing ¥A£S￿y for workshop 'Herit&ge TechnKian' and extrThJed le4ve of 8nothu key rnemb¢r ofthe 511e team. no loiher than 4)me limitd ¢leanin8 ￿lIShIn8) hLS bcen camed oui on SurnmeTlrt's slcam tlecl. namely steam Ir&clor 'TigBer'. th¢ Fowler TDa(kroll¢r or Fou¢r wt*ble ¢nwne. Simtl8rly. work on the *eam I*uThEh 'Firequeen' has been pawd. A$ such. the regu)8T Friends Workgr¢)up hv¢ giinf¥lly ¢mployd thaD5¢1%¢5 INI ¢*r*d oul VAfioLL% work5 10 Wist ih¢ sil¢ 5laff. notsbly ¢I￿nn% th¢ veB¢tslion on •wJ JTouDd tk iD the vicifiiiy of tht tr•m dw ifid mtfi¢. The Sl'EAM FAIR wtni •he*d O¥¢f Ihe *e¢ond weekend of Au8usI with m•Dy of the r¢Bu￿r exhib¥￿[5 •tt¢nding ond havit)8 Ihcir engines in *¢am. albeii ofthe'Summed¢e Fl¢¢i' w¢r¢ in sie4m. Ow ￿*M ￿(￿)r..T>s￿r.. w•$ p)lith¢d wp for th¢ ￿¢8510n and 5hunled ou151de for 51aiic display in suth5hille wh¢re. Bs ever. il wtts of8ttai Inte￿$1 ￿ Iht yOlJll8 *nd Mi $0 yeuJ)g v j5jlOIS over the two d*y& Ag yew>rted last year. it had been ne(ewry io sustrtnd ENGINE DRIVING TRAINING due w the unavailabiliiy of a Sul￿ble instructor: dI￿p￿)I￿1ng$y. Ihai Fxisiiion hos Thoi ¢haThg*yJ bui 15 somew￿1 a¢admJ£ sintt both 'TiwT: •Thd th¢ Fowler Toad-mll¢T non-r4)eralion•l. wrth nts imm¢di#* pm5p¢d of r¢tyrning to S¢TV*¢. Ther¢ ha5 becn no work cunryl wi on the FO%TF.R PORTABI.F. STF.AM F_NfilNF. at the Sawmill irml C05Tnetirally this 15 Iix)king rAiher forlorn: Is a Siailt exhibil it does draw some interest from visi￿r$ there is fio mdicaiion ss 10 whi Ihe fufvre knldi forthis. OTHER NF.WS. NLC Dre developing plarLi a￿] funding 4ppl1caiiw￿ for ¥ IT￿5ft￿l￿ Project with in eslunated CO￿ of up £8m thai will take up lo Ihree yearn to &liver.' Ik prop)sal devebp wne of the under-uillix￿ parts of the twerJty-Ihree aere sjle, works thal were cnv15a8ed wha) the museum Ivas fusl sei up in thc 1980s. The tiamway WLII play a key prt itl transtffitng Vi%ilor5 lo thc pnip>5cA new facilitEe5 w there is *lded irnFlus lo gel Ihis up xThJ nLnoJng a8ain. REST IN PkACk. Sadly. shortly ￿[Of¢Chris￿•& OW￿-ChRi￿￿a￿. Johnconvery. took ill w￿h¢)SPI￿ll&¢d. ht rcmain¢d in hospitsl ¥Thiil his death in f¢bruary 2026 John was • tong s¢rytng Fos rn¢mb¢r. much 'h￿dI on. and ctyjld b¢ found ￿88ed up In hi5 overnlls itt Summ¢rl¢¢'¥ worksly we¢ks ri8ht up unDI thc wttk befor¢ k tool ill. k Ellis, Friends of Summeriee TnLqtee and Committee Member. Friends of Sumokerle¢ Htrltsit Tru Rtport ol tbt Trustees (coul'd) for the yeaT JI Dtttmbtr 2•25 FINANCIAL REVIEW Vln*tttlal Revkw & Rttervu P•bcy The bank bAlan¢e for the FrieTrJs of S￿mMerI¢¢ w•s in ¢reth"I for £8.045.73 in J*)u8ry and ended the year with £7.838.99. a drop of £206.74. were 41 a vfry low level, brirt8inB in £36.￿ with no netv memb¢rs jotnin8 during the yeu. Th¢ Lknwnlurn in m¢mbcrslup numbers eot)tinues gnd is refl¢c*d ITh tb¢ lack of volunteoTS for *ttivilJts whieh brou8hi in funds in the pasi. The FTI¢ndJW¢￿ Involv￿ inor8ani5ih8&rdrnbmihgthesf¢￿￿ Weekend in AyguL ExpuLttStotsllins £530 were paidtoexhibitoix Ind this was reimburxdby Culwr¢ NL. ￿ wa$the £1(￿ PAKI for compliahtt Iwi*)rJ of ￿¢0￿lts1. The FrJer•ts eon11￿e5 m¢mb¢15hip of th¢ St¢thi A￿orial)￿ lanhual £361. £85 wa5 paid io John Conv¢ry for ma*Tia1s rp4uirpJ for th¢ tr5￿￿tiOn ofthe 5tramboat 'Firequ¢en'. The Friend5 was awuded a grani of £5,0(K) in 2023 10 I￿1$t with thts wwk. The T￿￿1¢¢$ def ided 10 pla¢¢ whdi rcfflaI￿d of this mort¢y 1£3,S82.931 in s¢p4ratr account, ri#8-fenced for work on the FA)at IFTiendsof Summerlee Accouni Bl. If WO￿ on Fi￿9￿¢¢￿ E¢a5¢5 for 4ny r¢Ns0n. the bAlanre in thig act￿￿1 w¢wtd b¢ r¢ttlln￿ to the authwiiy. A reor8Ani5EIHTrt> li the bank led ￿ ¢har8es ￿ing kvxd on bu5ines5 accoun￿ IAccounl A . £50.38 and Account B . £70 101. Previously no charges were pll￿. TheT¢ hds been some prosytss dur*r￿ ihe yt4r ofper5uath.ng rnembe￿ w take up fft ofolTi¢er$ #NJ mJ$*¢& 11 is very much i case r)f 'w•ich ihis Sp￿¢.. Th&nks Ired￿ lo the 5mxII number of members wl#) h•ve worked hard ￿ keep Socw runnift8. All funds unrestridal &Thl eAn be u*1 ￿ the discTttiOD ofthe thJs*e The bc4rd wnsideT th4t tht ￿e¢Ve5•r¢ fty th¢it in¥tidi*te puwes. Appry)Y￿ by ord¢r of th¢ tx)•rd of tNst¢ex ort........ •nd $i8ned oh its bthaifby.. )t[l-) eri¢k D Ellis- Trus*¢ IndepeDdeDt Ex*rniner'5 Rep￿* t• tbt Trwttts of FrkDdb ofSumm¢rkt Tr￿1 I report on th¢ arrounts of thecharity for the ye4r eth Jl D￿eMb¢[202$ thith are *1 out c*x pages 5 ￿ 9. Respt¢tlvt respoDsibilitiu of t￿$t￿5 Ittd tx*mihtr The charity s trust¢¢$ are resw>nsible for the pr¢paRtion of the att(KdaDce with the Qrms of the Chrilics I￿j Trustee Inve5tmcnl Scotlandl Act 21KI5 and the charit￿ ACt￿nts IScoilaTrJl Rcguloiion5 20￿. The charity irusltts ronsidcr that the audii re4uiremeni of Regu]aiwM 1011 I {•) 10 Icl of th¢ Arcounts K¢gulation5 dots tkot apply. It ix my respDn51bility to examiThe the accounts as requw>J utKlcr stthoTh 4411 Ic} of Ihe Aci to sme whether Prticul8r mtters have come ￿ my It¢nlii>n Nisli of Indepettdetht tx*mlDtr'i ￿lleMent My eXaM￿allOn 1$ Ca￿led out in *ctOTdan¢e wrth Re8ul¥tJon I l of the ch1nt￿5 Ac¢ouniS IScotLqNdl ReAulo1ions 2￿6 las ameTJdedl. An examinaliott includes a rLiview of the accounti￿ re¢￿{l$ kept by th¢ charily and o comparisoA of Ihe 8ccounis tffe5enied with ihose records. It A150 in£lude% ¢0ts8iderdiiors of Any unusual iierns ¢x dJscloswe5 in the acuwnts athd seeks explanaiions from the trusiees concerning any sueh mailers Th¢ procedur¢s undenakefi th pro¥Klc all the evider*c that would be rewired in an atsdbl. aThd consequenily l th rhii expres5 Bn audit opinion on the view given by tho Acco￿ti. Ind¢pondeDt exmmlntr'i st*temt•t In the ¢ouyse of my ex•msrJ4tioTh. Do h*s come to my atlcThrion which Bivcy rne reasonllblc to believe ihai in *)y m•twwl r¢sp¢¢i the Tewir¢rnenty'. lo kt¢p a¢cfjuhiiii8 retordq in acc￿dIn￿ with Section 44111 (•) of the 2(K)S Ad aThl Regu￿1￿ 4 ofthe21K)6 A¢couThts R¢gul4tlOn5 las amend¢dl. and lo prcpaTC acCo￿nts whith ￿e0rd with Ihe •¢counim8 ¢omply wth R¢gulfyiion 8 of th¢ 2006 Ac¢i>ynts R¢gulwionJ lo5 mended) haw¢ noi been [￿l or lo which. in my opinion. aiicnli(Jn thwld in (*du to ¢n•ble • u1th￿￿d1￿8 of th¢ &¢ew#ix 10 be rtachtd. Fionq Moiiimer BA CA I Sluarton Park East Kilbrmle G74 4LA Frltnds of Summerlet Herilage TTps1 St*temeDt of Financial Aclh4tlts for th¢ ye*t tttdtd 31 Dteembtr 2025 2025 Unrcstricknl fil￿A Totsl fund5 N(des INCOMING RESOURCES In¢y)mlnE rtgoyrets from Fner*ted l￿d% Volunthry incoTn¢ RESOLIRCES FXPENDED Chwrltible ¥tlwltlEs Charithhle aclivitLe5 Govern#Dte cost¥ 773 836 Tot*1 expeoded 1173 930 NEI. INCOMINGIIOUTGOINGI RLSOURCES 12071 1202) RECONCILIATION FUNDS Total fundj bfought forw•r 8.046 8,248 TOTAL FUNDSCARRILD FORWARD CONTJT4UING OPERATIONS All incoming r¢50urc¢s and rtsourtts experthd •ris¢ frThn coniinuiD8 •cts"vitie5. FrleDd$ of Summerkt Heritait Trust B•l•nc¢ Sh¢¢t Al Jl Dtttmber 201$ 2025 Unrethcted 2024 Total fwids CUAiRENT ASSETS Cash at bank 7.839 NET CURRENT ASSETS TOTAL A&S£TS LE&S CURRENT LIABJLITIES 7.839 ET ASSETS 8.046 FUNDS Unrellriaed fund5 7.839 8.046 TOI'AL blJf4DS 7.839 11.046 Thv fiNn¢ial $14t¢ments w¢tY •PPFo¥ed by th¢ Bo4rf of Tru*tts0D.. . •NJ were sign¢don its behalf by.. R(yJerick D EIIis-TTusiee T Rees-Trusitt FrleDds gf Sllthtt￿1tt Htrltsge Trryjt N•*¢ts to the FlnaDcknJ Stsiothettts for thtytaT ¢ud¢d JI Dttember 1015 ACCOUNTINC POLICIES Bails of prtp*rfng th¢ fiDaD£i•I sl*itmtDts T￿1¢ &ccounly have pTepar¢d on the Rcceipis aTrJ PayrrKnts b4Si5 in a¢coid*nte with th¢ Ch4T¥ts¢s And T￿￿te¢ InYe51mcnl IScoilaÈ)dl Ail 2(K)5 ar¥1 Ihe CharitlC5 AtcoUriL%ISc￿IdndI Regujoiims 2(X)61&s aM¢nd￿l. T*x#i The charity is exerw from tsx ott its th￿.￿ble ￿11¥1￿& Fund •¢¢oullfln% UnTLsmc*d funds cah be wed in accorthrKe wilh ttrbe ebariknble obitttive5 ￿ the d￿TrtIort ofthe tNs*es. R¢stricied futh c8nonly be ￿ for r*Arti¢u]ar reStr￿￿d￿p)￿tt *tihfft Ihtobjects of thecharity. ke*rictioTh$ arise when specified by ihe donor Of when are Taiyed foi p*rtieulv T#ITlrtod purp05ts. TRUSTF.ES' REMVNERATION AND BENEFITS Thtre were no wustses, remynerthtioh or other benefits for the ye•t endtyj 31 December 2025 Jx*r for th¢ yt*r tttded 31 Dccwnb¢r 2024. Trusi¢¢J' ¢xpens Ther¢ w¢r¢ no irustees, expenses PJKI for the y¢4rr￿ 31 DeeLYnber 2025 nor for the year eryltyl 31 Detember 2024. MOVEMENT IN FUNDS Nd mDvem¢iii in f¥TrJ5 11112J AiJ1112QJ uDre￿rkIrd fnud¥ tientral fijnd 12071 7.839 TOTAL FUNDS X,046 207} 7.839 Nei mov¢mo)t irÈ fuTrJs. intluthd in the •bove art u follo￿.. Incomin8 restyJrr¢s Resource5 cxp¢n(kd MoveTneTh¢ i rur Unr¢strlcted luDds Gentrnl f￿d 006 18731 1207) TOTAL FLIYDS 8731 1071 Frfe•ds of Sumtherltt Htril¥8¢ Tru Notes to the Fltt*ttelal Stat￿nts- totstltt¥ed for tht ycar ettded 31 De¢emb¢r 1025 MOVEMENT Ili FUP4D$- ¢•ntiKued COm￿rItIVeS fthr thovenbrnl Net movemtnt 111124 Ai31112124 Uor¢itAeted F￿￿￿% GetsAI furtd 8.248 12021 8.040 TOTAL FUNDS 2021 CompETBiive ud t￿VeN*￿t in fiJn& irKlud¢d in th¢ are as foib)ws: IrKomin8 Re￿U[c¢s ex￿nded Movem¢nt in funds VnrEiirl¢ted luodi Cienerol fund 734 {9361 12021 TOTAL FVNDS 734 9361 202} A current yur 12 mfitlLq and prTh yar 12 nwnths rombllltil ￿lI￿)ft is •* foliow5'. Net movetnenl in fuTh15 Ai 111124 At3111212S Unrertrltted fuBdi Genergl fund TOTAL frUNDS 41>¥1 A ¢urreni year 12 TrKJmh¥ prior yeAr 12 n*)rtths combiTh>J mov¢m¢nl in fuTh￿ Ir*I￿ed in the atove 8re as follows.. IT*0￿ng rtsoknrces R￿￿¥¢ expenthd Movcmthi in funds Uknrrtfrltttd hnd• Genernl fund T(YfAL FUNDS I,8¢￿) 41PII Frknds of Htrltagt Trust Detalled St8leuKul of Flttattd*l Aedvltlts for the year endrd 31 Dtttmbtr 2025 2025 2024 INCOMJNG RESOUItCES Voluntary Ineome Subscripiions rk>n81ion$ Culiure NL- ￿1Mb￿￿ ¢osts 36 34 630 7(K> 734 Toial Inc•mlng rtwBrrtJ RESOURCES EXPENDED Chirtilble #tilvlt MLmbership ofSBA Projects Postage And $t#iiontry Sieam Weekend expen Bank ¢hBrge5 J6 ¥6 21x1 530 600 773 836 Govtrn•Dee colts Independent Exllmin&s fe¢ TO1￿ rtwcu expeDded 873 936 Net lexptodlturelllncomt 1021