2024-12-31-accounts

REGISTERED CO.WANY NUMBER: 1294RS (Scoti8lld) REGISTERED CHARITY NUMBER: SC018250 Report of tbe Trntees and FiDan¢ial S¢a¢ements for the Year Ended 31 December 2024 for David Cargill House Stevenson & Kyles Clwtered Accountants Statutory Audvtor 25 Sandyford PIAce Glasgow G3 7NG

David Cargill House Contents of ¢h¢ Fingncigl Statements for the YeAr Ended 31 December 2024 Reference and Admini4tr8tive Detsils Report of the Trnstees Report of the IndepeDdent Auditon 6 to 9 Ststemenl of Financial Activitic io Ststsment of FiJJaM¢ig1 Pa8ition 11 to 12 Statement of Cash Flows 13 Nots to the Statement of Flows 14 Notes to the FiDaD¢ial StateDJ¢nts IS to 26

David Cargill House Reference Adnththtrntive Details for the Ytar Ended 31 December 2024 TRUSTEES COMPANY SECIiETARY REGISTERED OFFICE &7 Great Western Tetrace Glasgow G12 OUP REGISTERED COMPANY 1294RS (Scotland) SC018250 NUMBER AUDTIORS Stevenson & Kyles Chartered Accountants Statutory Auditor 25 sa￿dyf0rd Place Glasgow G3 7NG SOLicrroRS Miller Beckett & Jackson 190 St Vinccllt Strcct Glasgow G2 5SP BANKERS Batth of Scotland 54-62 Sauchiehall StreEt Glasgow G2 3AH Page I

David Cvdrgill House (R￿ls(ered llllmber: 1294RS) Report ofthe Trnstees for tbe Year Ended 31 December 2024 The Board of Trustees of David Cargill House (fornierly known as The Management Committee) present th¢ir annual r¢port together with the audit¢d financial statements of the clwity for the year I Sanuary 2024 to 31 Dcccmbcr 2024. Th¢ annual serves the putwJs¢s of kn)th th¢ Board of TnEStCCs rcIx)rt and a DircctOT5' report under company law. The Board of Trustees confirn) that the annual report and Iinanciaj stst¢ments of the charitable company comply with the CUTreni Sthtutory requirementy the Tequirements of the charitable company's governing d(rument and the provisions of the Statement of Recommended Practicc (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting StaDdard applicable in the UK and Republic of Ir¢laDd (FRS102) (effective l January 2019). Since the charity qualifies as a small ¢harity under section 382 of the Companies Act 2006, the Strat¢gi¢ Reports r¢qUi￿d of ¢dium and largc compani&s under the Companies Act 2006 (Strategic Report and Dircctors, Rcport) Regulations 2013 have been omitted. David Cargill House was subsequently formally confirnied as ottish Charitable Incorporated Organisation (SCIO) on 30th May 2025. OBJECTIVES AND ACTIVITILS Polieies and objective In tcnns of the Rules. th¢ objects of the SfKiety to provide housing and ally associated am¢niti¢s for elderly per50n5 of lirnitcd means uwn tern)s appropriate to their means. The Board of Trustccs has absolutc Control oveT the business of the Society and is charged tr apply any surplus to the reserve fund or for such charitable PUTFrf)ses as the Board of Trustees may detsmine. STRATEGIC REPORT Arbievemellts and pcrfomance Charitable activitie5 all the staff at the home for their hard worl dedication and sacrifices made in the continuing developmeni of the home. Income from residents. fees increased in 2024 to £2,113.185 due to an increase in fL]nding rates despite some beds still beill8 vacant. In the 5arne period costs of charitable activities havc in¢￿ased to £2,170,048. this was due to overall inctrased costs. most notably an increase in staff costs due to additional overtime workin8 to meet thc incrca5ing needs of thc r&8idcnt group. Thc Tising costs of food and drink hav¢ also contributed to the inGrca5¢d costs. It is undoubtedly due to the care aDd dedication of our staff who continue to PTovide high quality care in a homely enviTonment to an increasingly frdil clientele that our aims have been mel and we confident that they will continue to be. Thc excellent standard of care is evidenced by the rep)rts on the home from thc CaTe Inspectorate. The impact of the COVItk19 pandemic has si8tJific&ntly subsid&J once again during the yeftr, meaning that the families of residents are free to visit the bornc as they ple&se and we*e been able to sustain the organi5ation of outings for residents again. However. there remains knock-on effects. creating Si￿1r]￿lt challenges for the care sector. Challenging working CA)nditions and negativ¢ publicity during the pandemic continues to exacerbate staff difficulties the industy" and thc financial cliTnate remains a constant fo¢us of the Board of Trustees. Page 2

David Cargill House (Regislered number: 1294RS) Rewrt ol tbe Trustees for tbe Year Ended 31 December 2024 STRATEGIC REPORT FinaDcial review Reserves policy The tolal reserves at 31 tkcember 2024 were £1,325J94. Of thes¢ £1.546.900 are restricted and can only be used foT the purpose5 for which they were given. This leave5 negative free reserves of £221,506. The members of the Board of TTUSte¢s have established a poli¢y whereby the ur￿estrICted funds not committed or invest¢d in thngiblc as5cts should equate to three months of rcsources expend¢(L This level of free reserves not yet been achi¢v¢d. The 13oard of Trustees and senior stsff continuc to explore a numb￿ of options with the aim of PToducing a positive figure in unrestricted fund5. The charity does not hRve any fuDds either held in xnvesttllcnts or available for investment other than short terni bank deposits whi¢h earn interest at the prevailing rates. Going concern After making appropriate enquiries. the Board of Trustees have a re&8onable expectation that the charity has adequate resources to continue in operational existence fr>r the foreseeable future. For this reason, they continu¢ to adopt the going conccrn b￿lS in prcparing these fmanciai statements. Future plans To better meet the needs of the residents of the home. the Board of TTUSiees intend to pursue plans to reassign current otTicc atkd bedroom space to create 2 new single ensuitc bcdrooms and r¢duc¢ the numbcr of doublc bcdr(x)ms by 2. bringing available single rooms to 33 and double T(x)ms to 6. STRUCTURE, GOVERNANCE AND MANAGEMENT Charity ¢onstitutioD In 1951 Glasgow Old Peoples, Homes Limited was set up &s a HO￿$l￿g Society und¢r the Industrial and Provident Societies Act 1893 (renamed the CcM)perative & Community Benefit5 Society Act 2014). company registration number 1294RS. and in 1952 property at 617 Great Western TeTTace was purchased for the PUTwse of providing a home for old people in need of cale and attention. In 1959 the name of the Soci¢ty was clwlged to David Cargill House. Th¢ company is a registered Scottish elwlty, number SC018250. Methods of zdppointment or elertion ofmanagement Commitlee The management of the charity is the resEx)nsibiLity of the Mallagement Committee (Board of Trustees) who are elected and co-opted under the tffms of the TTUSt De¢d. Page 3

David Ca￿111 House (Registered number: 1294RS) Re￿rt of the Trllste for the Year Ended 31 December 2024 STRUCIURE, GOVERISANCE AND MANAGEMENT Organi5atKoDal Strllc￿re Thc mcmbers of the ManageTnent Committee. tho aTe also the TnLSfftS for the purpK)ses of charity law. and who 5erYed during the year were.. In tenns of thc rule5 of the Swi¢ty th¢ responsible wple are the members of Ihc Management Committee. listed abov¢ ubsequelldy p&sscd away on 30 Janua 7024). 'as elected to thc Board in Novcmbcr 2014. Thc Chairn]an at year end 2024 was cleLied 01) 6 1.¢ ruary 2024). On¢ third of the memlxrs are due to retire by roiation every yw and ma), be r¢-el￿ted at)d the Chairman is normally elected at the first meeting after the Annual Generdl Meeting. The administrative address of the Society is.. 617 Great Westffli Terrace, Glasgow, G12 OUP. None of the Trustees has any kn¢ficia] interest in the company. All of the members of the Management Committee are members of the Company and guarantee to contribute £1 in the event of a windin esigned &s a Trustee and Chair of the Manag¢m¢nt Comnitt¢¢ in March 2025 and as elected Chair of the Board of Trust¢¢s. lThductioD aud iraining of Managemen¢ Commli The charlty has reviewed its p)licies re1￿ing to induction and training to ¢ornply with the guidelines and recornmendations from the Office of the Scottish Charity Regulator. This ensures that its policies are suificiellt to meet the training needs of its Comn)ittre M¢mb¢rs and staff and that the charity continu¢s to maintain th¢ highast ￿sSIble standards of Service delivery. Key managem¢Dt ￿m￿neratiO The Board of Trustees consider the management F¢rsoDnel of the eharity to be the trustees and the senior management team (who are in charge of controllin& running and operating the charity on a day to day basis). All trustees givc thcir time freely and no tn￿teeS Teceived remuneration in thc yw. The pay of senior stsff is Teviewed annually and increased in acconlance with averd8e earnings. Related parties Th¢ David William Traill Cargill Fund. a r¢gist¢r¢d S¢ottisb Charity. is ¢onsiikrcd to be a related party. Rlsk management The Board of 'l'rust¢¢s have a duty to idcntify aDd rcvicw the risks to which the Charity is exposed and to ensure apptopriate Controls are in place to provide reasonable &ssut7nce against fraud and ermr. The Board of TTl￿eS consider that the major risks which they fac¢ ate. in common with other care providers in the scctor, continuity of illcome, rccruitmcnt and retention of quality staff, dI￿l¢U1ti¢S with prop¢ty n)aintenance alld reputational damage arising from a decline in the quality of carg for Te5idents. Thc potential impact of thc% risk5 15 tuinirnisc4J by Tegular Tevtew of finance4 care in staff selcction. rcgular 5upcrvision of the Work dolle the Home. rigorous s￿ff training alld appraisal, and supwrt from the mana8em¢nt team. EVEI¥JTS SINCE THE END OF THE YEAR InfOrn￿tioll reIating to events since the end of the y¢aT is given in the not¢s to the fiuancial statements. Page 4

David Cra￿111 Housc RepDrt of the Trustees for the Year Ended 31 December 2024 STATEM￿ OF TRUSTKES, RESPONSiBItITIES The trustees (who are also the director5 of David Cargill House for the purposes of compauy law) aTe responsible for preparing the Report of the Tn￿ and the fiDaDcial statements in ac£ordance with pplicable law and United Kingdorn Accounting Stalldar&s (United Kingdo￿ GeDernlly A¢xeptsd Accounting Practice). Compwiy law requires the tnLSte¢s to prepare finallcAa] stat¢meJ)ts for financiaI year which giv¢ a true d fair view of the state of affairs of the charitable company aDd of th¢ illcoming resoutces and appliGation of Tesoityces, including the illCOtDe and expendittre. of the chtiritable compauy for that PCTicxL In prepaTillg select suitable ac¢ouutiDg policirs and thell apply them consi*¢llty, observe th¢ m¢thod5 and principks in the SORP. makc Judg￿ll¢￿ts and ¢stimatcs that arc reasooabl¢ aBd prudent state whether applicable accounting Stalld￿ have becll follow￿1 subJ￿t to any matsTial departurcs disclosed and explained in the fmancial statements" prepar¢ the fllMDcial statements oll the going concern basis Unless it is inappropriate to presume that th¢ oharitable company will cA)ntiou¢ in business. Th¢ trustees ate respork￿l)le for keepiJJg pr(w¢r acc4)unting re￿rdS wbith di￿lOSe with Te&soDable ￿U[aCY at ally tÈrn¢ thc f]Danciai tM)sition of th¢ charitsble c4)mpaDy and to cllabl¢ thcm to Cllsu￿ that the fmancial statements romply with the Companies Act 2006. They are also reS￿nSIble for safegLthtdiDg the a55ets of the chaTifabl¢ ￿)rnpany and hence for tsking re&wnabl¢ 5t¢ps for the prevenuon 8nd dcl￿tiOn of fraud 4Dd other irre8ularAties. In so far &£ the tntss are awar¢: there is no relevant audit luf0rn￿tith of which the cbaritabl¢ companys auditors are unaware. aDd thc tru5tccs have taken aIl steps that th¢y ougbt to have tak￿ to make thentseEYes aware of any relevanl audit infonllation and to establish that the auditors av4re of that infonllation. A[￿lTORs TIK auditor4 Stevenson & Kyl¢4 will ￿ protK)sed for re-app)inlment at a n￿ling of the Managelllent Committee. Report of thc trwtCC5. iWA)fFM)ratin8 a strat¢8iG approvcd by order of th¢ board of ITUStee& as the CoMpa￿Y dire¢tois. on 5 Swtunber 2025 and signd on tbe boarfs behalf by: Page 5

Rewjrt of the IndtpendeDÉ Auditors lo the Trustees aDd Members of David Caryill House OpilllOII We have audited the financial ststements of David C8rgill House (the 'charl￿b]e company,) for the year ended 31 December 2024 which ¢ompris¢ th¢ StstemeDt of Financial Activities, the Statsment of Financial Position. the Statement of Cash Flows and notes to the financial ststements. including a summary of signifiwit accounting policies. The financial Tewrting fra￿¢wOrk that ha5 been applied in their preparation is applicable law and Unitcd Kingdom Accounting Standards (United Kingdom Genernlly Accepted Accounting Practice). ]n our opinion th¢ finan¢iaI statements: give a irn¢ and fair view of the state of the ¢haritabl¢ ￿Mpan￿S affatts &8 at 31 DecemkT 2024 and of its incoming r¢sOur￿S and application of resources, including its income alld expenditure, for the year then have been prowly prepared in accordance with United Kingdom Generally Accepted A￿ounting Practice. and have been prepared in accordance with the requirements of th¢ ComEWLies Act 2006, the Charities and Tn￿tee Investhient (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) R¢gulations 2006. Basis for OPIDIOII We conducted our audit in accoTdance with International Standards on Auditing (UK) (ISAS (UK)) and applA¢able law. Our TCSPOn5ibilitie5 under those standards arc further described in the Auditors, Tesponsibilities for the audit of the financial statements section of our r¢FKJrt. We are independent of the charitable company in accordancc with thc cthical rcquircmcnts that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical StsndaTd, and we have fulfilled OUT other ethical T¢sponsibilit1¢5 in accordance with these xequirtments. We believe that th¢ audit cvid¢J>c¢ we have obtained is sufficient and appropriat¢ to provide a basis for our opinion. Conclusions relating to going concern In auditing the fjnancial statements, we have concluded that the trustees, use of the going concern basis of accounting in thc preparation of the fjnancial ststements is apptopriate. Based on the work we have perform￿ we have not identified any material uncertainties relating to event5 or conditions thaL individually or collectively. may cast signifi&￿t doubt on the charithble wmparty's ability to continue as a going ¢on¢ern for a period of at least Iwelve months from when the fjnancial 5tat¢tnents a authorised for issue. Our responsibilities and the res￿nsIbilItieS of the trustees with respect to going concern are described in the relevant 5CCtions of thi5 retK)rt. Other informatioD The trustees are responsible for the other infornLqtion. The other inforn￿tIOn comprises the infom)ation included in the Annual ReporL other than the financia] statements and our Rwrt of the IndetKndcnt Auditors thereon. Our opinion on the financial statements does not cover the other illforniation anl except to th¢ extent othcrwise expliciily stat¢d in our reprt we do not express any forn) of assuran￿ WDclusion thereon. Jn W1￿¢￿tIon with our audit of the fllwiciai stat¢m¢nl& our Yes￿￿$]bIlity is to read the other infonnation and, in doing so. consider whether the other inforniation is materially in￿nsiStent with the fmancial statctncnts or our knowledge obtaincd in thc audit or otherwi5c appcar5 to be materially misstated. If we identify such matcrial incoDSiStencies or apparent material misstatements. we are Tequired to ddcrniine wh¢theT this gives rise to a n￿terial misslatement in the financial staternents themselves. If, based on the work we have perfornled we CODcludc that there is a mal¢rial misstatement of this other information, we are required to report that fact. We have nothing to report in this r¢8ard. Page 6

Report of the Independent Auditors to the Trustees and Members of David Cargill House Opilliolls on other matters prescribed by the Companies A¢t 2006 In our opinion, based on the work undertaken in the COU￿ of thc audit the inforniation given in the Report of the Trnstees for the financial year for which the fllW)cial statements ar¢ prepared is consistent with th¢ financial statcmcnts" and thc Report of thc TTU5tccs ha5 LKcn prepared in accordance with applicable lega] requirements. Matter5 on which we are required lo report by eiceptiOD ID the light of the knowledge and understallding of the charitable company and its environment obtained in the course of the audiL ￿ hav¢ not identified material mis5tatcmeDts tll the Report of the Trustees. We have nothing to report in respect of the following matters wheTe the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to trport to you if, in our opinion.. adequate and proper accounting records have Dot been kept or returns adequat¢ for our audit have not been received from branches not visited by us" or the financial statements are not in agreement with the a￿Unting records and returns. or ccrtain disclosures of thist¢es' remuneration sp¢cified by law arc not made" or we have not received the InfoTu￿ts0ll and explanations we requiTe for our audiL RespoDsibilities of ¢rustee8 A5 cxplained more fully in th¢ Stat¢m¢nt of TnLstres' Responsibilities, the truste¢s aTe rcsponsible for the preparation of the financial sthtements aDd for beillg satisfied that they give a true and fair view. and for such internal control as thc trustees deterniine is nece&wy to cnable the pr¢parntion of fitwlcial statements that are fre¢ from mafrrial misstatemen¢ whether due to fraud or error. In preparing the financial slatements. the trustees are restKJnsible for assessing the charitable companqs ability to continue as a going concern. disclosin& as applicabl4 matt¢r5 related to going concern and using the going concern basis of accounting unless the tTr￿S either intend to liquidate the charitable cornpany OT to ￿8s¢ operations. or have Tr) realistic ￿ternative but to do so. Page 7

Report ofib¢ Indep¢DdeDI Auditor5 to the Trustees and Members of David Cgryill House Our respoDsibilities for the audit of the financial statements Our objcctives are to obtsin reasonable assurance aErf)ut whether the financial statenKnts as a whole aTe free from material misstatemellL whether due to fraud or error. and to issue a R¢]M)rt of the Indcpcndent AuditOTS that includes OUT opinion. Reasonable assurance is a high level of assurnn¢e, but is not a guarantee that Hn audit conducted in accordance with ISAS (UK) will always detect a material misstatment whcn it exists. Misstatements can arise from fraud or error and are considered material if, individually OT in the aggrega they could reasonably be expected to infiuence th¢ ¢conomi¢ d￿lSIOnS of ￿e[S tak¢ll on the basis of these fmaDcial statements. The extenl to which our procedures are capable of detecting irregularitse5, includin8 frdud is detailed below: ADditOT'S approach to wesryillg the risks ofma¢eiial mis$¢alemeni dlle to irregulartties We obtaiDed undcTStanding of the legal and regulatory frameworks that are applicable to the entity. Those that have a dircct impact include: FRS 102. Co-operative & Community Benefit S￿lette$ Act 2014. Regulation of Care (Scotland) Act 2001 and Health & Srtia] CaTe Standards. Those that have an indirect impact includc: employment matt￿1 h¢alth aDd safety Tegulations, and data Protection laws. We then considered the extent to which non-￿MPlian¢c might have a material effect on the financial statements. We assessed the risk of material misstatement in respect of fraud and made enquiries of managcmcnt as to th¢ ¢xist¢nce of, or any evidence of. actual or suspected instances of fraud. Based on the auditing standards wc addressed two fraud risks that were relevant to our audiL in relation to rev¢DU¢ rccognition aud management override of controls. Audit proeedures de8igoed to respond to ibe risk of DOn￿omplIance with l•ws regulaÉion8 Bas¢d on the results of our risk assessment w¢ d¢sign¢d audit procedures to identify non-compliance with such law5 and regulations ideniifi¢d above. We made ¢nquiri¢s of management and those chargcd with governance as to any llon-cotnpliancc and ￿￿0￿)ratCd r¢sFKJn5¢5 giv¢D by requesting coDfJrn￿tIOn from client's legal cour￿1 of any outstanding legal matters, obtained inspection r¢w)rts from relevant 3rd parties and revi¢w¢d the board minutcs for evidence of any undisclosed llLatt¢rs. Compliance with the requirements of th¢ ac¢ountlD8 Standards and Charity law in tern￿ of thc forni and content of the accounts was ensured using disclosure checklists and through vouching of disclosures to supporting documentation. Audil procedures d￿lEned to respond to the risk of frayd In response lo the risk of fraud through managemeDt override. we incorporated testing of manual journal entries into our audit approach. In order to address the TjSk of fraud in rclation to recognition of revenue we UDdertook substantive lesting of Tevenues earned in relation to a sample of residents by agreeing the amounts prescribcd in care agreements to th¢ amouDts recorded ID th¢ I¢d￿r and received. either through I(￿1 councils or s¢If-funding. We a150 Tcvicwed the verdcity of grant rcccipts TecoTded with ref¢r¢nce to grdnt award l¢tter5 and sitnilar 3rd paty documents. Considerations arnvnd ]ik¢Jibood ofdetection There are inberent diificulties in the audit PTocess described above to detect the cxistence of irregularities. We have mitigated these limitations by assessing the adequacy of the company's internal controls including the existence of appropriate segregation of duties and by the naturE timing and extent of thc audit proceduTes Involvc￿ by intr(NJucing att elejnellt of unpredic(2bility iry our sampling and testing. A further description of our resp)nsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.0rg.uklaudit0￿reSponSlbllities. This description foTms part of our Report of the Independent Auditors.

Report of the llldependent Auditors to th¢ Trwstees and Members of David Clrgill House Use of our report This rep)rt is made solely to the charitable companls members as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to th¢ charitable coMpan￿S trusle¢4 as a EM)dy, in ac¢ordance with Regulation 10 of the chariti￿ Acci)unts (Scotl8J]d) Regulations 2006. Our audit work has be¢n undcrtaken so that we might state to the charitsble compangs members and the trustees those rnattcrs wc aTC Tequii¢d io state to them Rn an audiiors, rewrt and for no other pwpoge. To tbe fullcst exteDi pern]itted by law, we do not accept or assume responsibility to anyone other than the chaTitable company and the charitsble company's members as a body. for our audit worL for this repoTL or for the opinions we have fom)ed. oran tevenson Chartered ACCOL￿ÈaDts Statutory Auditor Eligible to act as an a￿lItOr in tenns of Section 1212 of the Companies Act 2006 25 Sandyford Place Glasgow 3TNG on 5 Septcmber 2025 Page 9

David Cargill House Ststement of Financial A¢tiYities for the Year Ended 31 December 2024 31.12.24 Totsi fw)ds 31.12.23 Total fund5 funds fiJnd5 Notes INCOME AND ENDOWMENfs FROM DoJ)ations and legacies 14,678 60.996 75,674 69,895 Charithble attiviti Residenvs fees 2.113.185 2,113,185 1.925.643 Investment incom¢ 3.735 3,735 4.732 Totsl 2.131.598 60,996 2.192,594 2,000,270 EXPENDITURE ON Charttxble activiti Care Home Services 2,137.282 32,766 2.170.048 2259,447 ET INCOMFJIEXPEIYDITURE) Other reeogDi8ed gain81(1055es) Gains on rcvaluation of r￿ed &ss¢ts (5,684) 28,230 22,546 (259,177) 312,000 Nel movemenl ID fuDds {5.684) 28230 22,546 52,823 RECONCILIATION OF FiINDS Total funds brought forward (215.822) 1.518.670 1,302,848 1,250.025 TOTAL FUNDS CARRtED FORWAIiD (221.506) 1,546.900 1.325,394 1,302,848 The notes forni part of these financial statements Page lo

David CaTgill House (Registered number. 1294RS) Statement of Financial PositioD 31 December 2024 31.12.24 Total funds 31.12.23 Total fimds Unrestricted Restricted funds funds Not&s FIXED ASSETS Tangibl¢ a5SCt5 13 421.043 1.496218 1,917,261 1.939.761 CURRENT ASSETS Stocks tkbtors C&sh at bank and in hand 14 15 7.480 134,742 31J4269 7.480 134.742 354,951 5.450 55,424 372.286 50,682 446.491 50.682 497.173 433,160 CREDffORS Amounts falling due within one year 16 (281.919) {281.919) (258,874) NET CURRELYT A&SETS 164.572 50.682 215.254 174,286 TOTAL ASSETS LESS CUIUi 585.615 1.546.900 2.132.515 2.114,047 CREDITORS Amounts falling due after more thaD one 17 (812.610) (812,610) (812.610) PENSION A&SET 21 5.489 5.489 NET ASSETS (221.506) 1.546,900 lJ25,394 1.302,848 The SK)tss forni part of these financial statements Pagell continued...

David Cargill Hollse Stalen￿￿1 ofFIDwi￿ Poiitioll- tontiDued 31 D￿eMber 2024 Unrestricted funds Restricted fimds (221.506) (215,822) 1.546,900 1.518.670 TOTAL FUNDS 1.325J94 1,302,848 The fmancial Statements were apwoval by the Board of TnLtte5 and authorised for issue on 5 Sept¢mb¢r 2025 and were signed on its behalf by. The notss form part of financial statements Page 12

David Cargill House StatemeDt of C*sh Flows for the Year Ended 311)ffember 2024 31.12.24 31.12.23 Notes Cash floivs from operating adiyities Cash gcncrated from operations (16.951) (68.575) Net cash used in opernting activities (16,951) (68.575) C￿h flows from inV￿ting activiti Pension payments Interest ￿e1Ved (4.119) 3,735 (3.324) 4.732 Net cash (used inyprovided by inv¢sting activitie5 {384) 1,408 Change in cash and cgsh equivalents ill tbe reportltsg perlod Casb aDd Cash equivalents at the beginning of the reporting period (17,335) (67.167) 372286 439,453 C¥sh and cash equivalellts at the end of the retKtyrtikng peri(Ml 354.951 372,286 Thc notes forn) part of these financial statements Page 13

David Cargill House Y4otes to the Statement of Casb Fl(nvs ror the Year Ended 31 December 2024 RECONCILIATION OF NET Jf4COMEJ(EXPKNDrruRE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.12.24 31.12.23 Net incomej(￿pendlllure) lor the reporting period (as per the Sthtemeknt of FinalleiAI Activities) AdjusÉmellts for: Depreciation charge5 Interest received Pension adjustm¢nts (Incrcaseydecrease in stocks (IncTcasCydecr￿e in debtor5 Increase ill creditors 22,546 (259.177) 22.500 (3.735) 41 (2,030) (79.318) 23.045 22,470 (4,732) 78 2,451 48,891 121,444 Net used 14 operations {16,951) (68,575) ANALYSIS OF CHANGES IN NET DEwr At 1.1.24 C&8h flow At31.12.24 Net Cash Cash at bajth and in haDd 372.286 (17.335) 354.951 372286 (17,335) 354,951 Debt Debts falling due after l year {812.610) (812,610) {812.610) (812.610) Total {440J24) (17.335) (457,659) The notes forni part of these financial statements Page 14

David Cargill House Notes to the Fillats¢ial Stslements for the Y¢r4r Ended 31 Deeember 21124 GENERAL INFORMATION David Cargill House is a company limited by share4 incorporated in the UK and Tegistered in Scotland. comparty re8iskntion number 1294RS. It is also a registered charity with the Office of the Scottish Charity Regulator (OSCR). charity registration number SC018250. The registered oifice is shown in the Reference and AdminislTative Details. David car￿ll House's principal a¢tiviti¢s and the nature of its operati¢)DS are o￿lIned ill the Management committ￿'S rwrt. ACCOUNTIIYG POIJCIKS Bgsis of preparing the financial statements The financial statements of th¢ Charitable ￿mpanY. which is & public benefit entity under FRS 102, have been prepared ID accordancc with thc Clwitics SORP (FRS 102) 'A￿UntIng and Reportlng by Charities: Statement of Recotnmended PTactice applicablc to clwities pffparing their accounts in a¢¢ordan¢¢ with th¢ Financial Reporting Standard applicable in thc UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Stsndard 102 The Finallcial Reporting Stsndard applicable in the UK and Republic of Ireland,, the Companies Act 2006. and the Co-operative and CollllnuDity Benefit S￿l¢lles Act 2014. The fmancial statements have been prepared under the historical cost ￿nVentiOn. as modified by the revaluation of ccrtaiD assets. Going ConeeTn The ¢haTity rcported a surplus of £22.546 during th¢ yw with overall reserves increasing to £1,325,394. R¢stricted reserves are £1.546,900 and unrestricted reserves are (£221,506A Icaving th¢ organi5ation in a relatively weak financial p)sition. At the balance sheet dat¢. th¢ Charity had amounts owed to The David William Trdill Car8ill Fund (The DWT Cargill Fund) of £812,610 (2023 £812,610) in respect of loans advanceit The Management Committee is confident the charity will r¢c¢ive this continued financial supporL The Management Committee also Ixlieves that the Scottish Government will undoubtedly re44uire to maintain fmancial support given to the voluniary sector to ensure that this essential provision is maintained in the futUTe. Thc Trustees are therefore 5atisfid, dc5Pitc the Challenging conditions, that the charity adequate resources to continue in op¢raiionai existence for thc forcseeable future and have prepared the financial statements on a going concern ba515. The financial statements do not includc any adjustments that would Tesult should the suP￿rt hA8hltghted be withdrawn. Critical atcounting judgemeDts aDd key sources of ¢stima¢ion uncertainty Estimates and judgements are ¢x)TJtinvally evaluated and are based on histori￿1 experience and other factors. ill¢ludiug expectslion5 of future events that ar¢ kli¢v¢d ts) be rea50Dable undcr thc circumstances. As the chority makes estimates and assuJJ)ptions ¢on¢¢rning th¢ fvtyre. the resulting accounting estimates and &ssumptioos may. by dermitio￿ vary from the actual results. Th¢ cstimates and arcas of judgm¢nls that have a significant risk of causing a material adjustment to the carrying amounts of &ssets and liabilAti¢s are discu5scd klow: Pension liability The charity participates ill the Pensiott defined benefEts pension schetne. See Note 21 for further inforniation. D¢precialion The estimates and assumptions made kn dq)ffciation rntes requiTes judgements to be mad¢ as regards uscful lives and residual value5. The useful lives and residual vaIu¢s of th¢ charitys fjxed assets are detern]ined by management at the time the &wt is acquired and reviewed annually. Page 15 continued...

David Cargill House No¢es to ¢he FiDaD¢ial Stalements - continued for the Year Ended 31 December 2024 AccoiINfING POLICIFS- CODtinued Income All Income is recognised in the Statement of FiDancia] Activities once the charity has cntitlemeDt to the funds. it is probable that the Income will be tTceived and the amount can be m¢asured reliably. Government grants Govcrntncnt grallts relating to tangible fixed &ssets are tr￿¢d as deferred income and relcascd to the Statement of Financial Activities (SOFA) over the expected useful lives of the assets concerned. Oth¢r grants are credited to the SOFA as the related expenditure is incurred. Expenditure Liabilities are recognised 18 expenditure &$ s(KJn &$ there is a legal or constructive obligation committing the charity ￿ that expenditure. it is probable that a transfer of economic benefits will be rcquired in settl¢m¢DI and the amount of the obligation can be measurcd reliably. Expenditure is accountcd for on an accruals b&sis and been cl&ssified under headings that aggregate all cost related to the ¢at¢gory. Where costs callnot directly attributed to particular beadings they have been allocated to activities on a basis consistent with the use of resources. Tangible r￿ed assets Tangible fixcd assets are initially recorded at cost and then subsequently measured at cost less impairnient and cumulativc dcpTeciation. Depreciation is provided at the following annual rates in order to write off each over its estimated useful life. Heritsble property Kitchen & l&undry equipm￿ Fixtures. fittings and equipment Motor vehicles 1% On￿$¢ 2￿/th oll rcducillg balan¢¢ 2￿/ty on cost 21f/o on reducing balance Siocks StocK comprising household aDd ktt¢h¢n sto¢K is held at the lower of cost and estimated sellin8 price less costs to complete and sell. Taxation Thc charity is exempt from corwration tsx on its charitable activities. Fund accounting General funds ar¢ u[￿¢stricted funds which are available for usc at th¢ discretion of thc Management Comvnittcc in furtberance of th¢ g¢D¢ral objectiv¢s of the charity and which have not been d¢signated for other PUTW)S¢S. Dcsignated funds comprise unrestricted funds that have been set aside by the MaDagement Committee for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statcmcnts. Restricted funds arc funds which are to be used in accord￿ with spccific restrictions imposed by donors or which bave been rdised by the charity for particular PUTP)ses. The costs of raisillg and administering such fuud5 arc charged against the specific fill￿. The aim and use of each restricted fund is Sct out in the notes to the financial statements. Page 16 continued...

David Cargill House No¢es to the FiDaD¢i81 StslemeDts- contillued for Ihe Year Ended 31 l>eeember 2024 ACCOUIYTING POLICIES- Continued Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitabl¢ companys pension ￿h¢m¢ are ¢har8ed to the StatsJDcnt of Financial Activitics in the period to which they relate. The charitable company participates in the Pension Trust defined ￿nefIts schcme and retirement benefits to employees of the Association are funded by the contributioDS from all participating employers and employees in the scheme. Payments are made in accordance with periodic calculations by qualified actuaries and are based on pension costs applic4blc across the various participating OTganisations taken as a whole. Th¢ ¢baritable wmpany accounts for amounts that it has a￿e¢d to pay towards the scheme deficit in ac¢ordancc with paragraph 28.1 IA of FRS 102. The prescnt value of this liabi]ity has bccn recognised An the Balancc Sheet. The discount Tat¢ applied to this obligation is that of a yield Tate for higb quality corporate bonds. DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations 21,966 47,929 75,674 75,674 69.895 rants receive￿ included iti the a￿Ve, are as follows: 31.12.24 31.12.23 Dwf granls National tA)llery gr8nts 55,674 20,000 47,929 75.674 47,929 INVISTMENT INCOME 31.12.24 31.12.23 Deposit account interest 3.735 4,732 Page 17 continued...

J)avid Carwll House Notes to the Finan¢i*l Stskments- continued for the Year Ended 31 December 2024 31.12.24 31.12.23 Activity Residenvs fees Residents, fees 2,113.185 1.925,643 CHARrrABLE AcfivTfIKs COSTS Direct Costs {sc notc 7) Support costs (see note 8) Totsls Care Home S¢rvi¢¢s 2.141.644 28.404 2.170,048 DIRECT COSTS OF CHARrrABLE AcrIvrriES 31.12.24 31.12.23 Staff costs Rates and water Insurance Light and heat Telephone Postage and stationery Sundry expenses Repairs and maintetwice Molor exwises Travelling Food and driT Cleaning materials Staff training Medical supplies Residents activities Subscriptiorjs Pension interest charge Staff ¢xpcn5C5 DepTeciation 1.593.305 40,124 28,189 60.211 3,699 2,468 8222 91.909 10.908 996 149.336 47.692 1.182 16.716 28,205 EO,616 41 25J25 22,500 1,575,726 27.953 31,026 158.821 5,754 3,966 5,708 116,646 11,084 719 130,200 48,277 5.346 31,776 18.877 10,634 78 23,686 22.470 2,141.644 2228.747 Page 18 continued...

David Cargill Hous¢ Noles to the Financial StaiemeDts- tontillued for the Year Ended 31 December 2024 SUPPORT COSTS Governance ¢osts Care Home Services 28,404 INCOMEI(EXPENDfTuRE) Net incom¢l(¢xpenditurc) is slated after chargin￿(cledltt￿g)'. 31.12.24 31.12.23 AuditOT remunerdtion Deprcciation - owned ￿ets 10,380 22,500 9.090 22,470 10. TRUSTEES, REMUNERATION AND BENEFITS There were no truste¢s' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 DecembeT 2023. Trnst¢es' expewes Ther¢ wcrc no trustees, expenses paid for the year ended 31 D￿CEn￿r 2024 llor for the y¢ar ended 31 December 2023. 11. STAFF COSTS 31.12.24 31.12.23 Wages and salaries Social %curity costs Other pension costs 1.443.901 121.576 27.828 1.432.239 109,522 33.965 1.593.305 1,575,726 Th¢ average monthly number of employees during the year w&$ as follows: 31.12.24 31.12.23 Management staff Care staff 63 68 69 No employe¢s received emoluments in excess of £60,000. Th¢ total remuneration paid to key management personnel during the year was £234.642 (2023 £217.805)- Page 19 continued...

David Cargill House Notrs to the Financial Statements- CODtiDued for tbe Ye4r EDded 31 Deetmber 2024 12. COMPARATIVES FOR THE STATEMENT OF FINAF4CIAL ACTtvrrtES Unrestricted Rcstricted funds funds Total funds IY4COME AND ENDOWMEiYfs FROM Donation5 and legacie5 46,247 23.648 69,895 Charitable aclivities Resident's fees 1.925,643 1,925,643 Snvestment income 4.732 4.732 Total 1,976,622 23.648 2,000,270 Charitable activities Care Home Services 1220,532 38.915 2,259,447 YIET INCol￿￿/(EXPENDIT[lRE) Other recoghised gainsI(lo￿es) Gains on T¢valuation of fixed (243910) (15,267) {259.177) 148,524 163.476 312,000 Iyet movement in funds (95,386) 148.209 52,823 RECONCItJATION OF FUNDS Total funds brought forward (120,436) IJ70.461 1,250,025 TOTAL FUNDS CAJUUED FORWARD (215.822) 1,518,670 1,302,848 Page 20 continued...

David Caryill House Notes to the Financial Statements- ¢ontinwed ror tke Year Ended 31 December 2024 13. TANGIB￿ FIXED KSSETS Fixture fittings Kitchen & laundry equipment Heritable property Motor vehicles equipment Totsls COST OR VALUATION At l January 2024 and 31 December 2024 1.950.0(K) 5.845 13,087 25.438 1,994,370 DEPRECIATION At l January 2024 Charge for year 19.500 19.500 5217 120 5236 2,616 24.656 264 54.609 22.500 At 31 December 2024 39.000 5,337 7,852 24.920 77,109 BOOK VALUE At 31 December 2024 1.911.000 508 5235 518 1.917.261 At 31 December 2023 1.930.500 628 7,851 782 1.939,761 Cost or valuation at 3 1 Decembu 2024 is T￿resented by: Fixture& fittillgs Kitchen & laundry equipment Heritable prop Motor vehiclcs uipment Totals Valuation in 2015 Valuation iti 2024 Cost 1.409,309 150.000 390.691 1.409.309 150,000 435.061 5.845 13,087 25.438 1.950.000 5.845 13.087 25.438 1.994.370 If freehold prowty had not t*en revalued it would have been included at the followlng historical ¢05t: 31.12.24 31.12.23 Cost 390,691 390.691 Aggregate depreciation 123.780 119.873 Freehold property was valud on an open maTket b&sis on 26 March 2024 by Shepherd Chartered SurveyoTS. The Tn￿teeS are ofthe opinion that the fair value of the Heritable ProiKTty is not matsrially different from the carrying value in the fitw]¢ial slatanents. Page21 continued...

David Caryill House Notes to the Fillancial Statemellts- ￿nI1￿Med for ¢he Year Eoded 31 De¢ember 2024 14. STOCKS 31.12.24 31.12.23 Kitcben and household stock 7,480 5.450 15. DEFfoRS: AMOUWIS FALLING DUE WTtHll¥ ONE YEAR 31.12.24 31.12.23 Trade debtors Other debtOTS Prepayments and accrued income 117J43 14,678 1721 41,629 9.181 4,614 134,742 55,424 A6. CREDrroRS: AMOUNTS FALIJNG DUE wrrHtN ONE YEAR 31.12.24 31.12.23 Trade creditor5 Social security and other tsxes Other creditors Ac¢ruals deferred income 40,592 35.029 22.711 183.587 51,025 28,160 47,830 131,859 281.919 258.874 17. CREDrroRS: AMOUNTS FALIJNG DUE AFfER MORE THAN ONE YEAR 31.12.24 31.12.23 Other loans (s¢¢ note 18) 812.610 812,610 18. LOANS An analysis of the maturity of loan5 is given below: 31.12.24 31.12.23 Amounts falling between one and two years: LoatL from David William Ttaill Cargill Fund 812.610 812,610 Part of th¢ loan from DVIT CaTgill Fund beaTS interest at 51/10 per annum and is secured by a st2ndard security over the Heritable Property and is repayable after 12 months on demand. The remaining interest was waived by the TnLSte￿. Pagc 22 continucd...

David Cgrgill House Notes ¢0 Ihe FiDODci41 Stst¢ments- contillueAI for the Year Ended 31 December 2024 19. LEASING AGREEMENTS Minimum le&se payTnents UDd¢r rK)n-cancellable operating leases faIl due as follows.. 31.12.24 31.12.23 Between one and five years 79,637 104.049 20. MOVEMEN[ IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund Sharc capital fund (215,829) (5,684) (221,513) (215,822) {5,684) (221,506) Re5tricied funds Capital fiind Propcrty upkeep fund inibus fund 1,511,484 7.186 (15,266) 23,496 20.000 1,496,218 30.682 20.000 1,518,670 28230 1.546,900 TOTAL FUNDS I J02.848 22.546 1.325.394 Net movement in funds illcluded ID the above are &s follows: Incoming Rc50urces Movement ur(xs expended in funds Unrtstricted fllnds General fimd 2,131.598 (2.137282) (5,684) R￿tricted fnDds Capital fund Property upkccp fund Minibus fund Staff welfare fund (15266) {15.266) 23,496 20,000 23.496 20.000 17.500 (17.5(Kl) 60.996 (31766) 28.230 TOTAL FUNDS 1192,594 (2.170.048) 22,546 Page 23 continued...

David Cargill House Notes to th¢ Financigl StatsmeDts- colltiDued for the Year Ended 31 December 2024 20. MOVEMENI IN FUNDS. continued Compzdratives for movemenl in funds Net movement in funds At 31.12.23 At 1.1.23 UDrestrieted funds General fund Share capital fund (120,443) (95.386) (215,829) (120.436) (95,386) (215.822) Restricted funds Capitsl fund Pmperty upkeep fiuMI 1363.275 7.186 148.209 1,511.484 7,186 IJ70,461 148,209 1.518,670 TOTAL FUNDS 1.250.025 52.823 1,302.848 Comparative net movement in fim(L% included in the above are as follows: Incoming Resources Gains and Mov¢ment Tcsourccs expended losses in funds Unrestricted funds General fund 1.976.622 (2220.532) 148,524 (95.386) Restricted funds Capital fund Property upkeep fund {15.267) (23.648) 163.476 148.209 23.648 23.648 (38.915) 163,476 148.209 TOTAL FUNDS 1000270 {2259.447) 312,000 52.823 The restricted capilal fund represents the reserves tied up with the property from which the charity operates. The restricted property upkeep fimd is to be used only for enhancement of the fabric of the property. The restricted minibus fijnd is to be used only for the purchase of a new vehicle. The r¢strict¢d staff welfare fund is to be used only for staff voucbers. Page 24 continu¢d...

David Cargill House Notes to the Financial Statements- continued for ihe Year Ended 31 Dttember 2(ll4 21. EMPLOYEE BENEF￿ OBLIGATIONS The charity partlcipates in The Pension Trust ￿h¢M¢. a multi-employer scheme which PTovides benefits to some 521 non-associated parttcipating employers. The scbcmc is a defmed benefit schem¢ in the UK. It is not possible for the charity to obtain su￿]Cient inforniation to enable it to a￿ount for thc scheme as a defined benefit scherne. Th¢r¢for¢ it accounts for the scheme as a dcfined contribution scheme. The 5ch¢m¢ is subject to the funding le8islation outline in the Pensions Act 2004. which came into force on 30 December 2005. This. together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Rew)rting Council. set out the framework for funding defined benefit occupational ￿nsiOn Schemes in the UK. The scheme is classified a5 a "1&sÉ-man stsndin8 arrdn8ement'. Therefore the charity is w)tentially liable for other participating ernploycr5' obligations if those employers arc unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employ¢rs are Icgally required to meet their share of the scheme deficit on any annuity pU￿has¢ on withdrawal from thc scheme. Pcr the ]xnsion provider, David Cargill House's convcrsion to a SCIO has not trigger￿ any debt on withdrawal. A full actuarial valuation for the scheme was caTried out at 30 Septemkn 2023. This valuation showcd assets of £514.9m, liabilities of £531.Om and a deficit of £16. Im. To eliminate thi5 funding shorttall, th¢ Trustee ha5 asked the participating employeTS lo pay ￿ditIonal contributions to the scheme os follows.. Deficit ¢ontributioDs: From l April 2025 to 31 March 2028: £2,100.000 per annum {p&yable monthly). Unless a Con￿&510￿ has b¢¢n 8￿Ced WAth the Tntstee the t¢rn) to 31 March 2028 applies. The sch¢￿e.S previous valuation was ca￿led out with effective date of 30 September 2020. This valualion showed a&%ets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall. th¢ Trustee bas asked the participating employers to pay additional contributions to the ￿heme as follows: Deficit contribution5.' Fr¥)m l April 2022 to 31 January 2025: £3,312.000 peT amium (paid monthly). The recovery plan contributions are alliJcat¢d to each participating ¢JnployeT in line with their estimated sharc of the Seri¢5 1 and Series 2 scheme liabilities. Where the scheme is in deficit and where the company has agrccd to a deficit funding arrang¢m¢nt th¢ company recognises a liability for this obligation. The amount r¢¢ognised is the net present value of the deficit reduction contributions payable undcr the agreement that relatcs to thc deficit. The prescnt valuc is calculated using the discount rate of 4.840/0. The unwinding of the discount rate is recognised as a finance cost. 2024 2023 Provision at start of period Unwinding of the discount f￿tOr (interest expense) Deficit contribution paid (1,411) 41 (4.119) 1,835 78 (3.324) ProvisioD st eDd of period (5.489) (1.411) Page 25 continued...

David Cargill House Notes to the Financial St%tements- continued for the Y¢2r Ende4131 Dffember 2024 22. RELATED PARTY DISCLOSURES At the year4nd the balance owed to Dwf Cargill Fund was £812,610 (2023 - £812,610). Interest on thi5 loan was waived in both the current and previous year. The ¢barity received 8rants from DWT Cargill Fund of £55.674. N FyfE one of the Trustres in David Cargill House w&% also a trustee in th¢ DWT Cargill Fund. Residenvs fees of £16.056 were paid by Trustees, in the year. POST BALANCE SHEET EVENTS David Cargill House bas been converted into a Scottish Clwitable Incoryornted Organisation (SCIO) from 30 May 2025. The organisation is no longer an Industrial and Provident Society from thi5 date and now has charitable status under the Charities aDd TTU$￿ Inve51ment (Scotland) Act 2005. Pag¢ 26