**REGISTERED CHARITY NUMBER: SC015528**
## **Report of the Trustees and**
## **Financial Statements for the Year Ended 31 March 2025**
## **for Urras Achadh an Droighinn/The Auchindrain Trust**
Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB
**Urras Achadh an Droighinn/The Auchindrain Trust**
## **Contents of the Financial Statements for the Year Ended 31 March 2025**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7 to 15|
Urras Achadh an Drolghlnnm
Auchlndraln Trust
Reference and Admlnlstratfve Detslls
for the Year Ended 31 March 2025
TRUSTEES
PRINCIPAL ADDRESS
REGISTERED CHARrrY NUMBER SC015528
INDEPENDEKf EXAMINER
re
Hert)ert House
24 Hertlert Street
Glasgly
G20 6NB
ates
BANKERS
Unty Trust Bank plc
Nine Brindbeyplace
Birmingham
B12HB
Page 1
**Urras Achadh an Droighinn/The Auchindrain Trust**
## **Report of the Trustees for the Year Ended 31 March 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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**
## **Objectives and aims**
The Trust's purposes are to advance education, heritage and culture through:
The operation of Auchindrain as a museum illustrative of its own history, the history of Scotland's joint tenancy townships, and more generally of agriculture and rural community life in Scotland;
The preservation and conservation of the relict cultural landscape of Auchindrain and of the Collection;
The protection of the Collection from deterioration, damage, loss, accidental destruction or unauthorised disposal;
The provision of work based training to individuals, where doing so facilitates and supports the advancement of the Trust's other charitable purposes.
The Trust will also endeavour to act as a social enterprise working to support community and economic development within Argyll through the pursuit of its charitable purposes.
"Auchindrain" means the Trust's heritable property at the place known as Achadh an Droighinn/Auchindrain in the County of Argyll. "The Collection" means all objects, specimens and items of an historical scientific or artistic nature (including the buildings and other historical structures of Auchindrain) now held by the Trust.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The old Board resigned on 5th February 2025 leaving 3 members in place.
No new funding was able to be secured prior to 31st March and Auchindrain closed.
A new Board was constituted on 28th February 2025.
There were no changes made to policy, procedure or constitution before 31st March 2025.
The Board have taken forward steps and reopened Auchindrain on 20th July 2025.
## **FINANCIAL REVIEW**
## **Financial position**
The Statement of Financial Activities shows a net deficit for the year of £66,393 (2024: surplus of £20,973).
The total funds of the charity on 31st March 2025 amounted to £53,934 (2024: £120,327); of which £nil were unrestricted, free reserves (2024: £27,614) and £51,340 in designated funds which have been set aside for specific purposes (2024: £86,214) and £2,244 being the net book value of the charity's fixed assets (2024: £3,414).The trust also held £350 of restricted funds at year end (2024: £3,085).
## **Reserves policy**
The Trust maintains a Designated Fund for Acquisitions, the unspent balance of which carries forward from year to year. This fund can only be used to acquire items for the museum's collections. Any money received from the sale of items from the collections must be placed in this fund, which may also from time to time receive allocations from General Funds.
The Trust aspires to hold a cash reserve (including secured sums owed to it such as grant payments not yet claimed against completed projects. but excluding all Restricted Funds or revenue support grant received in advance but not yet expended) equivalent to three months' operating cost: at the present time the sum for this is £61,766. The charity's unrestricted free reserves were £nil at 31 March 2025 and therefore the Trust does not have reserves at this level. The Trust's current actual cash reserve, evidenced by its Balance Sheet shown on page 6, was £54,178 on 31st March 2025. This is sufficient to enable continuity of operations by covering anticipated cashflow fluctuations during the year, and to enable the Trust to settle its affairs, including redundancy payments to staff, should it ever be considered necessary for it to be wound up.
Page 2
## **Urras Achadh an Droighinn/The Auchindrain Trust**
## **Report of the Trustees for the Year Ended 31 March 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Urras Achadh an Droighinn/The Auchindrain Trust is a Scottish Charitable Incorporated Organisation (SCIO) and received charitable status on the 3 March 1965 with the charity number SC015528. The Charity is governed by its Constitution.
## **Recruitment and appointment of new trustees**
The Trust is established as a two-tier Scottish Charitable Incorporated Organisation. The ultimate authority is the Trust's members assembled in a General Meeting. Oversight of the Trust's affairs, the setting of strategy and policy, and certain reserved matters such as staff remuneration, are placed in the hands of a group of between five and fifteen Trustees, one of whom is selected to act as Convener.
A voting majority of the Trustees in office must have been elected by, or co-opted from, the Trust's members. One Trustee may be nominated by the Duke of Argyll, one by Argyll & Bute Council. The Trustees in office may appoint up to five individuals as Trustees (up to six or seven if one or both of the nominated places remains unfilled), provided only that the number of appointed or nominated Trustees may never equal or exceed the number elected by or co-opted from the Trust's membership.
Executive responsibility for managing the Trust's affairs and operating the museum is delegated to an employed Director, being a person appropriately qualified and/or experienced to advise the Trustees in accordance with the Accreditation Standard for Museums and also being a person fit to hold office as the Chief Executive of a Scottish Charity. The Director is supported in this work by two other qualified and/or experienced senior managers, and a number of other paid and volunteer staff.
## **Key management remuneration**
In the opinion of the trustees, the charity is managed by the director. Total employer costs relating to this post for the year to 31 March 2025 were £68,418 which includes £15,750 of redundancy costs (2024: £47,732).
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Page 3
## **Independent Examiner's Report to the Trustees of Urras Achadh an Droighinn/The Auchindrain Trust**
I report on the accounts for the year ended 31 March 2025 set out on pages five to fifteen.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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 accounts.
## **Independent examiner's statement**
In connection with 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 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Fellow of the Association of Chartered Certified Accountants Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB 31/10/2025 Date: .. . ... . ..... .............
Page 4
## **Urras Achadh an Droighinn/The Auchindrain Trust**
## **Statement of Financial Activities for the Year Ended 31 March 2025**
|**Unrestricted**
**funds**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
126,699
**Charitable activities**
3
To advance education, heritage and culture
34,593
Other income
4
10,255
**Total**
171,547
**EXPENDITURE ON**
**Charitable activities**
5
To advance education, heritage and culture
235,205
**NET INCOME/(EXPENDITURE)**
(63,658)
**RECONCILIATION OF FUNDS**
Total funds brought forward
117,242
**TOTAL FUNDS CARRIED FORWARD**
53,584|**Restricted**
**funds**
**£**
9,124
-
-
9,124
11,859
(2,735)
3,085
350||**2025**
**Total**
**funds**
**£**
135,823
34,593
10,255
180,671
247,064
(66,393)
120,327
53,934||**2024**
**Total**
**funds**
**£**
222,293
48,686
125
271,104
250,131
20,973|
|---|---|---|---|---|---|
|||||||
|||||||
|||||||
||||||99,354
120,327|
|||||||
## **CONTINUING OPERATIONS**
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities in both years. Comparative figures for the previous year by fund type are shown in note 10.
The notes on pages 7 - 15 form part of these financial statements
Page 5
## **Urras Achadh an Droighinn/The Auchindrain Trust**
## **Balance Sheet 31 March 2025**
|||**2025**|**2024**|
|---|---|---|---|
||**Notes**|**£**|**£**|
|**FIXED ASSETS**||||
|Tangible assets|11|2,244|3,414|
|**CURRENT ASSETS**||||
|Stocks|12|-|3,040|
|Debtors|13|3,419|63,145|
|Cash at bank||54,178|62,729|
|||57,597|128,914|
|**CREDITORS**||||
|Amounts falling due within one year|14|(5,907)|(12,001)|
|**NET CURRENT ASSETS**||51,690|116,913|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||53,934|120,327|
|**NET ASSETS**||53,934|120,327|
|**FUNDS**|16|||
|Unrestricted funds:||||
|General fund||-|27,614|
|Development Fund||51,248|86,122|
|Acquisitions||92|92|
|Designated Fixed Assets||2,244|3,414|
|||53,584|117,242|
|Restricted funds||350|3,085|
|**TOTAL FUNDS**||53,934|120,327|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
The notes on pages 7 - 15 form part of these financial statements
Page 6
**Urras Achadh an Droighinn/The Auchindrain Trust**
**Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1. ACCOUNTING POLICIES**
## **General information**
Urras Achadh an Droighinn/The Auchindrain Trust ("the charity") is Scottish charitable incorporated organisation governed by its constitution. It was registered as a charity in Scotland (registered number: SC015528) on 3 March 1965. Its registered address is .
## **Basis of preparing the financial**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with: - the Charities and Trustee Investment (Scotland) Act 2005;
- Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006;
- the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities;
- '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, published in October 2019 (FRS 102)' ("the Charities SORP");
- UK Generally Accepted Accounting Practice; and
- the historical cost convention.
The charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy.
The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound.
There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Financial instruments**
The charity has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Page 7
continued...
**Urras Achadh an Droighinn/The Auchindrain Trust**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **1. ACCOUNTING POLICIES - continued**
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **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 cost 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.
## **Tangible fixed assets**
All assets costing more than £500 are capitalised and valued at historic cost. Tangible fixed assets are depreciated over their useful life as follows:
Fixtures & Fittings - 3 years
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
Urras Achadh an Droighinn/The Auchindrain Trust is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. DONATIONS AND LEGACIES**
|Donations
Gift aid
Grants|**2025**
**£**
3,017
2,758
130,048
135,823|**2024**
**£**
1,679
4,143
216,471|
|---|---|---|
|||222,293|
Page 8
continued...
## **Urras Achadh an Droighinn/The Auchindrain Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **2. DONATIONS AND LEGACIES - continued**
Grants received, included in the above, are as follows:
|**2025**
**£**
Historic Environment Scotland
120,924
City of Edinburgh Fund
-
Inspiralba Employment Grant
9,124
Argyll & the Isles Grant
-
130,048
**3.**
**INCOME FROM CHARITABLE ACTIVITIES**
**2025**
**£**
Tearoom
2,241
Shop
4,958
Admissions
26,904
Membership
490
34,593
**4.**
**OTHER INCOME**
**2025**
**£**
Miscellaneous income
255
Insurance claim
10,000
10,255
**5.**
**CHARITABLE ACTIVITIES COSTS**
**Direct**
**Support**
**Costs (see**
**costs (see**
**note 6)**
**note 7)**
**£**
**£**
To advance education, heritage and
culture
245,464
1,600|**2024**
**£**
200,000
7,123
6,377
2,971
216,471
**2024**
**£**
5,128
7,040
36,223
295
48,686
**2024**
**£**
125
-
125
**Totals**
**£**
247,064|**2024**
**£**
200,000
7,123
6,377
2,971
216,471
**2024**
**£**
5,128
7,040
36,223
295
48,686
**2024**
**£**
125
-
125
**Totals**
**£**
247,064|
|---|---|---|
||||
|||125|
|||**Totals**
**£**
247,064|
Page 9
continued...
**Urras Achadh an Droighinn/The Auchindrain Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **6. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|**2025**
**£**
Staff costs
186,836
Bank Charges
292
Project Development
-
Conversion and Maintenance
4,614
Depreciation
1,170
Electrical Work
398
Farming Costs
467
Health and Safety Services
2,400
Insurance
7,890
Interns
-
Interpretation and Collections
190
IT Costs
3,878
Marketing
44
Memberships and Subscriptions
940
Office Costs
980
Professional Fees
14,287
Site Cleaning
-
Tools and Plant
226
Training
-
Travel and Subsistence
466
Utilities
8,551
Visitors Centre
4,226
Workwear
382
Tearoom
1,082
Shop
6,145
245,464
**SUPPORT COSTS**
To advance education, heritage and culture
Support costs, included in the above, are as follows:
**2025**
**To**
**advance**
**education,**
**heritage**
**and**
**culture**
**£**
Accountancy - IE Fee
1,600|**2024**
**£**
182,852
1,576
5,160
6,715
98
1,909
111
2,400
5,713
252
354
2,746
2,590
2,955
1,612
10,968
159
1,412
964
2,879
8,072
970
1,849
1,122
3,243
248,681
**Finance**
**£**
1,600
**2024**
**Total**
**activities**
**£**
1,450|
|---|---|
**7. SUPPORT COSTS**
Support costs, included in the above, are as follows:
Accountancy - IE Fee
Page 10
continued...
**Urras Achadh an Droighinn/The Auchindrain Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **9. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|**2025**
**£**
171,896
5,317
9,623
186,836|**2024**
**£**
162,929
6,988
12,935|
|---|---|---|
|||182,852|
Included within the wages and salaries for the year ended 31 March 2025 are redundancy costs of £35,670.
The average monthly number of employees during the year was as follows:
|Project Staff|**2025**
8|**2024**
11|
|---|---|---|
No employees received emoluments in excess of £60,000.
## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
205,822
16,471
**Charitable activities**
To advance education, heritage and culture
48,686
-
Other income
125
-
**Total**
254,633
16,471
**EXPENDITURE ON**
**Charitable activities**
To advance education, heritage and culture
227,313
22,818
**NET INCOME/(EXPENDITURE)**
27,320
(6,347)
**Transfers between funds**
247
(247)
**Net movement in funds**
27,567
(6,594)
**RECONCILIATION OF FUNDS**
Total funds brought forward
89,675
9,679
**TOTAL FUNDS CARRIED FORWARD**
117,242
3,085|**Total**
**funds**
**£**
222,293
48,686
125|
|---|---|
||271,104|
||250,131|
||20,973
-|
||20,973
99,354|
||120,327|
Page 11
continued...
**Urras Achadh an Droighinn/The Auchindrain Trust**
|**Notes to the Financial Statements - continued**
**for the Year Ended 31 March 2025**
**11.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2024 and 31 March 2025
**DEPRECIATION**
At 1 April 2024
Charge for year
At 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024
**12.**
**STOCKS**
Stock
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
VAT
Prepayments
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Pension
Other creditors
Accrued expenses||**Fixtures**
**and**
**fittings**
**£**
3,512
98
1,170
1,268
2,244
3,414
**2025**
**2024**
**£**
**£**
-
3,040
**2025**
**2024**
**£**
**£**
2,070
58,286
-
223
1,142
2,557
207
2,079
3,419
63,145
**2025**
**2024**
**£**
**£**
223
4,562
2,277
1,925
1,151
-
44
660
2,212
4,854
5,907
12,001|**Fixtures**
**and**
**fittings**
**£**
3,512
98
1,170
1,268
2,244
3,414
**2025**
**2024**
**£**
**£**
-
3,040
**2025**
**2024**
**£**
**£**
2,070
58,286
-
223
1,142
2,557
207
2,079
3,419
63,145
**2025**
**2024**
**£**
**£**
223
4,562
2,277
1,925
1,151
-
44
660
2,212
4,854
5,907
12,001|
|---|---|---|---|
||||63,145|
||||**2024**
**£**
4,562
1,925
-
660
4,854
12,001|
|||||
Page 12
continued...
**Urras Achadh an Droighinn/The Auchindrain Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fixed assets
2,244
-
Current assets
57,247
350
Current liabilities
(5,907)
-
53,584
350|**2025**
**Total**
**funds**
**£**
2,244
57,597
(5,907)
53,934|**2024**
**Total**
**funds**
**£**
3,414
128,914
(12,001)
120,327|
|---|---|---|
## **Comparatives for analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fixed Assets
3,414
-
Current Assets
125,829
3,085
Current liabilities
(12,001)
-
117,242
3,085
**16.**
**MOVEMENT IN FUNDS**
**Net**
**movement**
**At 1/4/24**
**in funds**
**£**
**£**
**Unrestricted funds**
General fund
27,614
(62,488)
Development Fund
86,122
-
Acquisitions
92
-
Designated Fixed Assets
3,414
(1,170)
117,242
(63,658)
**Restricted funds**
Inspiralba Employment Grant
162
(162)
City of Edinburgh Fund
2,573
(2,573)
Virtual Reality
350
-
3,085
(2,735)
**TOTAL FUNDS**
120,327
(66,393)|**2024**
**Total**
**funds**
**£**
3,414
128,914
(12,001)
120,327
**Transfers**
**between**
**funds**
**£**
34,874
(34,874)
-
-
-
-
-
-
-
-|**2023**
**Total**
**funds**
**£**
-
123,423
(24,069)
99,354|
|---|---|---|
|||**At**
**31/3/25**
**£**
-
51,248
92
2,244
53,584
-
-
350
350
53,934|
Page 13
continued...
**Urras Achadh an Droighinn/The Auchindrain Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated Fixed Assets
**Restricted funds**
Inspiralba Employment Grant
City of Edinburgh Fund
**TOTAL FUNDS**|**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
171,547
(234,035)
(62,488)
-
(1,170)
(1,170)
171,547
(235,205)
(63,658)
9,124
(9,286)
(162)
-
(2,573)
(2,573)
9,124
(11,859)
(2,735)
180,671
(247,064)
(66,393)|
|---|---|
## **Comparatives for movement in funds**
|||**Net**|**Transfers**||
|---|---|---|---|---|
|||**movement**|**between**|**At**|
||**At 1/4/23**|**in funds**|**funds**|**31/3/24**|
||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||
|General fund|30,461|27,418|(30,265)|27,614|
|Development Fund|59,122|-|27,000|86,122|
|Acquisitions|92|-|-|92|
|Designated Fixed Assets|-|(98)|3,512|3,414|
||89,675|27,320|247|117,242|
|**Restricted funds**|||||
|Inspiralba Employment Grant|6,311|(6,149)|-|162|
|City of Edinburgh Fund|2,519|54|-|2,573|
|Virtual Reality|350|-|-|350|
|Summer Interns|499|(252)|(247)|-|
||9,679|(6,347)|(247)|3,085|
|**TOTAL FUNDS**|99,354|20,973|-|120,327|
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continued...
**Urras Achadh an Droighinn/The Auchindrain Trust**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2025**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated Fixed Assets
**Restricted funds**
Inspiralba Employment Grant
City of Edinburgh Fund
Summer Interns
Charts Income
**TOTAL FUNDS**|**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
254,633
(227,215)
27,418
-
(98)
(98)
254,633
(227,313)
27,320
6,377
(12,526)
(6,149)
7,123
(7,069)
54
-
(252)
(252)
2,971
(2,971)
-
16,471
(22,818)
(6,347)
271,104
(250,131)
20,973|
|---|---|
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
## **18. PURPOSE OF FUNDS**
General Funds - The unrestricted, free reserves of the charity.
Designated Fixed Asset Fund - Represents the net book value of the charity's tangible fixed assets. Depreciation is charged to the fund and additions are transferred to it.
Development Fund - Designated funds to develop a Conservation Management Plan.
Acquisitions - Designated fund to acquire items for the museum's collections.
Inspiralba Employment Grant - Employment grant for wages
City of Edinburgh Fund - Employment grant for wages
Virtual Reality - Money received for virtual reality
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