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← Third Marquess Of Bute's Silver Wedding Dowry

2025-03-31-accounts

Argyll and Bute Council Comhairle Earra Ghàidheal agus Bhòid

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Argyll and Bute OSCR Trusts

AUDITED

Annual Report and Financial Statements 2024-2025

For the Year ended 31 March 2025

Trust Funds Contents

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Trustees’ Annual Report 2
Independent Auditors Report 12
Statement of Financial Activities for Year Ended 31 March 2025 15
Statement of Balances as at 31 March 2025 17
Notes to the Financial Statements 19

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Trust Funds

Trustees’ Annual Report

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1. INTRODUCTION

The Trustees present the annual report together with the financial statements and the Auditor’s Report for the year ended 31 March 2025.

ADMINISTRATION INFORMATION

Charity Number Charity Name
SC019599 McCaig Trust
SC019607 Third Marquess Of Bute's Silver Wedding Dowry
SC013578 Baillie Gillies Bequest
SC013600 Kidston Park Trust
SC018697 Miss Annie Dickson Burgh Bequest
SC018698 Logie Baird Prize Fund
SC020382 County of Argyll Educational Trust Scheme, 1960

Contact Address

Argyll and Bute Council Kilmory Lochgilphead Argyll PA31 8RT

Appointment of Trustees

The trustees of these charities are the elected members (councillors) of Argyll and Bute Council. Trustees are appointed through their election to Argyll and Bute Council.

Current Trustees Previous Trustees
Councillor John Armour
Councillor William Blair
Councillor Janette Brown
Councillor Math Campbell-Sturges
Councillor Garret Corner
Councillor Maurice Corry
Councillor Audrey Forrest
Councillor Kieron Green
Councillor Amanda Hampsey
Councillor Daniel Hampsey
Councillor Graham Hardie
Councillor Fiona Howard
Councillor Anne Horn – from Jul 24
Councillor Willam Hume
Councillor Mark Irvine		 Councillor Robin Currie – to May 24

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Trust Funds

Trustees’ Annual Report

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Councillor Andrew Kain Councillor Jennifer Kelly Councillor Paul Kennedy Councillor Reeni Kennedy-Boyle Councillor James Lynch Councillor Tommy Macpherson Councillor Ian Macquire Councillor Luna Martin Councillor Liz Mccabe Councillor Douglas Mcfadzean Councillor Julie Mckenzie Councillor Yvonne Mcneilly Councillor Ross Moreland Councillor Gary Mulvaney Councillor Iain Paterson Councillor Gemma Penfold Councillor Douglas Philand Councillor Alastair Redman Councillor Willaim Sinclair Councillor Andrew Vennard Councillor Peter Wallace

Honorary Secretary Douglas Hendry
Executive Director
Argyll and Bute Council
Honorary Treasurer Kirsty Flanagan FCCA,CPFA,ACIBS
Section 95 Officer
Argyll and Bute Council
Auditor Mark Outterside
Audit Director
Forvis Mazars
26 Mosley Street
Newcastle upon Tyne
NE1 1DF

3

Trust Funds

Trustees’ Annual Report

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Governing Documents

Charity Description
Name
McCaig
Trust		 The town council shall in the building proposed to be erected by them at Corran
Parks, Oban, accommodation for the McCaig Memorial Institute including
accommodation for a reference library, lending library, reading room and museum
and shall equip and furnish said accommodation all to the satisfaction of the
governing body
Third
Marquess
of Bute
Silver
Wedding
Dowry		 £1,000 was given by John Patrick Crichton-Stuart, 3rd Marquess of Bute, on 12 April
1897 (the date of his silver wedding) to Rothesay Town Council. Noted in the
Rothesay Town Council Minutes 12th April 1897 and 10th May 1897
Baillie
Gillies
Bequest		 The charity was ‘inherited’ from Bute County Council. William Gillies, Cooper and Fish
curer in Rothesay, and at some time a Baillie and Chief Magistrate of that Burgh,
bequeathed £200 for the benefit of the poor of Rothesay. He was elected to the
Town Council in 1812 and retired in 1835. Mrs Margaret Stevenson, or Lochhead,
died circa 1947. Bequest of £50 to Rothesay Town Council, the income of which is to
provide coals for the deserving poor of the Burgh. Archibald Brown, Clerk in the Bute
Savings Bank Rothesay, died 1903. Will confirmed and recorded in 1903, detailing
bequest of £100. The interest to be divided annually at Candlemas among the
deserving old and infirm poor of Rothesay. James Duncan, Merchant in Valparaiso,
Chile, thereafter residing in Rothesay died in 1874. He bequeathed £2,000 to
Rothesay Town Council. Noted in the Minute Book of the Charity, 1875-1894 in the
District Archives. The income was to be distributed half yearly to 10 older women of
good character and honest repute, over 60 years of age and not in parochial relief,
whose parents as well as themselves have been born in Rothesay or the Island of
Bute. Misses Gibson, Ardmory, Rothesay. Janet Gibson died in 1893 her will was
confirmed and recorded in 1894 with a bequest of £200 to the Minister of the Parish
of Rothesay and to Rothesay Town Council. The interest was to be paid out at
Candlemas to the most deserving of the poor and each recipient was to get 25 pence.
Mrs Ann Taylor, or Jackson, residing at Easterhouse, Baillieston, died 1892 and her
will was confirmed and recorded 1892. She made a bequest of £100, the annual
income of which was to be expended from time to time providing coals for the poor
persons of the name Taylor residing in Rothesay and who were born in Skipness
(Kintyre) or Rothesay. Minute Book of the Bequest 1892-94 in District Archives. Annie
McMillan - Minutes of Rothesay Town Council 28th November 1947, a bequest of
£100 to Rothesay Town Council to provide coals for the deserving poor of Rothesay.
Jane Paterson of Whinny Brae, Rothesay, died 1902. Will confirmed and recorded in

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Trust Funds

Trustees’ Annual Report

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1903 with a bequest of £300 made to Rothesay Town Council. The income from the
bequest was to be divided at Candlemas among the old and infirm poor of Rothesay.
Kidston
Park
Trust		 A bequest of £1,000 was made by William Kidston towards the upkeep of Kidston
Park (formerly Cairndow or Cairndhu Park) in April 1889. It was noted in the minutes
of a meeting of the Town Council of the Burgh of Helensburgh
Miss
Annie
Dickson
Bequest		 A bequest by Miss Mary Ann Dickson dated 4th April, 1927 to the Town Council of
the Burgh of Helensburgh. Noted in an Excerpt from Copy Will and Codicils. Miss LA
Colvil’s bequest - A Legacy of £200 was passed by Mr J Percival Agnew to the Town
Council to perpetuate his cousin’s name in Helensburgh by means of a fund for
necessitous cases. Noted in the minutes of a meeting of the Finance Committee of
Helensburgh Town Council on 22nd December 1969.
Logie
Baird
Prize
Fund		 Ex-Bailie J. Arnold Fleming of Locksley, Helensburgh, invested the sum of £200 in the
names of the Provost, Magistrates and Councillors of the Burgh of Helensburgh, for
the Logie Baird Prize Fund. Noted in the minutes of the Town Council of Helensburgh,
January 1956.
Argyll
Education
Trust		 The Trust is a scheme under the Education (Scotland) Acts, 1939 to 1956, for the
future government and management of certain educational endowments in the
County of Argyll. Formed by the amalgamation of fourteen individual endowments
and approved by His Late Majesty King George V in Council on 24th July, 1933.
Robert MacFie of Airds and Oban, Sugar Refiner in Liverpool, died 1899. His will
confirmed and recorded in 1899 a bequest of £150

2. OBJECTIVES AND ACTIVITIES

The objectives of each trust are as follows:

Charity Name Purpose
McCaig Trust To contribute towards the cost of a library and
institute in Oban.
Third Marquess Of Bute's Silver Wedding
Dowry		 To provide a donation to one or two girls from
the poorer classes on their wedding
Baillie Gillies Bequest
Various funds make up the Baillie Gillies fund		 • Baillie Gillies Bequest - Prevention and relief
of poverty in Rothesay.
• Margaret Lochhead Bequest - Prevention and
relief of poverty in Rothesay through grants to
individuals for purchase of coals.

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Trust Funds

Trustees’ Annual Report

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• Archibald Brown Bequest - The interest is to
be divided annually at Candlemas among the
deserving old and infirm poor of Rothesay
• James Duncan Bequest - Prevention and
relief of poverty in Rothesay through
distribution to ten old women whose parents
as well as themselves were born in Rothesay
• Janet Gibson Bequest - Prevention and relief
of poverty in Rothesay.
• Ann Jackson Bequest - Prevention and relief
of poverty in Rothesay, by providing coals for
poor persons of the name Taylor residing in
Rothesay who were born in Skipness (Kintyre)
or Rothesay.
• Annie McMillan Bequest - Prevention and
relief of poverty in Rothesay through grants to
individuals for coal.
• Jane Paterson Bequest - The objective of the
fund is for the prevention and relief of poverty
in Rothesay
Kidston Park Trust To provide a public park, or recreation ground
for the inhabitants of Helensburgh and for the
purposes of boating and bathing in the
Gareloch
Miss Annie Dickson Burgh Bequest The relief of distress in the Burgh of
Helensburgh.
Logie Baird Prize Fund The advancement of education by providing an
annual prize to a pupil at Hermitage Academy,
Helensburgh
County of Argyll Educational Trust Scheme,
1960		 The objective of the fund is for the
advancement of education for children and
young people within the former County of
Argyll. This objective is met by the issuing of
grants to individuals and organisations.

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Trust Funds Trustees’ Annual Report

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Robert MacFie - The objective of the fund is for the advancement of education by providing a gold Dux medal to Oban High School.

3. STRUCTURE AND GOVERNANCE

Argyll and Bute Council Trust Funds are registered with the Office of the Scottish Charity Regulator (OSCR).

The trustees of all of the charities are the elected members of Argyll and Bute Council.

The Chief Financial Officer is the designated officer within Argyll and Bute Council with responsibility for the proper administration of the charitable trust’s financial affairs. The Chief Financial Officer is responsible for keeping proper accounting records that are up to date and which ensure that financial statements comply with the Charities Accounts (Scotland) Regulations 2006.

Organisational Structure

The trustees (as the elected members of the council) meet once a year at the Annual General Meeting (AGM) to consider and approve the annual report and financial statements and any other business such as future plans and the reorganisation of trust funds. The trustees delegate the day to day administration of the charities to officers of the Council. The Council has established a range of committees with delegated powers to allow it to discharge its business effectively. This includes the management of charities. The Council has an approved constitution that governs the conduct of business by the Council and covers standing orders for meetings, a scheme of administration and delegation, financial and security regulations, contract standing orders and an ethical framework.

Related Parties

Trustees hold this position because they are elected members of Argyll and Bute Council. Argyll and Bute Council provides administration services to the Charity at no cost to the Trusts.

Risk Management

The Section 95 Officer of Argyll and Bute Council has taken the steps required by trustees to consider the major risks to which the charities are exposed, in particular those related to their operation and finance, and to be satisfied that systems are in place to mitigate the exposure to the major risks.

7

Classification: OFFICIAL

Trust Funds

Trustees’ Annual Report

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4. MANAGEMENT OF FUNDS AND INVESTMENT POLICY

The trustees rely on the expertise of Argyll and Bute Council to manage the investments to ensure the maximum return at the least risk to each charity. In this way, the income stream for the future benefit of each charity is protected.

The Section 95 Officer of the Council is responsible for securing the proper management of the investments of the Charity. The day-to-day management of investments is performed by external investment managers under a discretionary agreement.

5. PERFORMANCE AND ACHIEVEMENTS

Income comes from investment returns and any donations. Awards totalling £26,481 were made during the year to 31 March 2025, awards were disbursed as follows:

Charity Name Awards Distributed during the
year to 31 March 2025
McCaig Trust £5,981
County of Argyll Educational Trust Scheme,
1960		 £20,500
Total £26,481

During the financial year, Argyll Education Trust awarded 11 individual grants totalling £1,650 to support students in accessing educational opportunities through courses and programmes delivered by external academic and vocational institutions. In addition, one grant was awarded to fund an exchange visit to France for 20 students, providing valuable cultural and educational experiences. The charity also made three grants totalling £1,400 to enable students to participate in international projects in Tanzania and China, broadening their global awareness and fostering personal development. Furthermore, seven grants were awarded to enable students to take part in school trips to various locations within the UK and abroad, including Italy, France, and Switzerland, enriching their learning through cultural exposure and experiential education.

The McCaig Trust awarded a grant of £5,981 to LiveArgyll to support the day-to-day running costs of Oban Library, helping maintain access to library services for the local community.

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Trust Funds Trustees’ Annual Report

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6. FINANCIAL REVIEW

Overview

The following charities are dormant:

Baillie Gillies Bequest Miss Anne Dickson Burgh Bequest Kidston Park Trust

In the year to 31 March 2025, Trust funds received income and held cash and bank balances within the Council’s Loans Fund (recorded as a debtor in the financial statements) as follows:

Income from Income from Cash and Bank
Investments Donations Balance
Charity Name
£ £ £
McCaig Trust 3,835 0 71,046
Third Marquess Of
Bute's Silver Wedding
Dowry		 413 0 7,758
Baillie Gillies Bequest 529 0 11,223
Kidston Park Trust 58 0 1,233
Miss Annie Dickson
Burgh Bequest		 222 0 4,717
Logie Baird Prize Fund 101 0 2,151
County of Argyll
Educational Trust
Scheme, 1960		 23,334 0 187,855
Total 28,493 0 285,983

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Trust Funds Trustees’ Annual Report

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Investments and Reserves

The overall funds decreased by £22,303. The reserves of the trusts at 31 March 2025 amount to £793,614. There is £252,697 in unrestricted (revenue) funds and £540,917 in endowment (capital) funds. These funds are invested as follows:

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----- Start of picture text -----
|||| |---|---|---| |31-Mar-24|31-Mar-25| |£|£| |Investments (CCLA/Local Government Bonds)|531,948|507,631| |Cash and Bank held by Argyll and Bute Council|283,969|284,075| |815,917|791,706| |Assets in Restricted Funds|565,234|540,917| |Assets in Unrestricted Funds|250,683|252,697| |Total Funds|815,917|793,614|

----- End of picture text -----

Reserves Policy

Reserves are held by Argyll and Bute Council on behalf of each Trust and revenue income, generated from capital that has not been disbursed at 31 March each year, is invested in Argyll and Bute Council’s Loans Fund.

Trustees’ Responsibilities Statement

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

In preparing these financial statements, the trustees are required to:

7. CONCLUSION

The reserves of all the Trust Funds decreased by £22,303 in the year.

In 24-25 the total value of grants awarded from Trust Funds amounted to £26,481.

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Trust Funds

Trustees’ Annual Report

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Since 2013-14 an audit is required to be carried out by the appointed auditor of Argyll and Bute Council in accordance with the requirements of the Local Government (Scotland) Act 1973.

From 2022-23 these accounts are prepared as one group set of accounts following the guidance set out in OSCRs Guidance, A Guide to Charity Accounts Part 1 – The Overview, which states in Section 9 - Connected Charities’ that a single set of accounts can be prepared rather than individual ones where charities are connected by having a common controlling body or administration.

The appointed auditor of Argyll and Bute Council is Forvis Mazars and the Trustees would like to thank them for undertaking this task.

8. DECLARATION

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Councillor J Lynch Trustee

Kirsty Flanagan Section 95 Officer

11

Classification: OFFICIAL

Appendix B: Audit report

Independent auditor’s report to the trustees of Argyll and Bute OSCR Trusts and the Accounts Commission

Report on the audit of the financial statements

Opinion on the financial statements

We certify that we have audited the financial statements in the statement of accounts of Argyll and Bute OSCR Trusts for the year ended 31 March 2025 under Part VII of the Local Government (Scotland) Act 1973 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005. The financial statements comprise the Statement of Financial Activities, Balance and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and the United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the accompanying financial statements:

Basis for opinion

We conducted our audit in accordance with applicable law and International Standards on Auditing (UK) (ISAs (UK)), as required by the Code of Audit Practice approved by the Accounts Commission for Scotland. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Argyll and Bute OSCR Trusts in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK including the Financial Reporting Council’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern basis of accounting

We have concluded that the use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Argyll and Bute OSCR Trusts ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from when the financial statements are authorised for issue.

Responsibilities of the trustees for the financial statements

As explained more fully in the Statement of Responsibilities, the trustees are responsible for the preparation of financial statements that give a true and fair view in accordance with the financial reporting framework, and for such internal control as the trustees determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Argyll and Bute OSCR Trusts ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the

12

Classification: OFFICIAL

going concern basis of accounting unless the trustees intend to discontinue the Argyll and Bute OSCR Trusts operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities outlined above to detect material misstatements in respect of irregularities, including fraud. Procedures include:

The extent to which our procedures are capable of detecting irregularities, including fraud, is affected by the inherent difficulty in detecting irregularities, the effectiveness of the Argyll and Bute OSCR Trusts controls, and the nature, timing and extent of the audit procedures performed.

Irregularities that result from fraud are inherently more difficult to detect than irregularities that result from error as fraud may involve collusion, intentional omissions, misrepresentations, or the override of internal control. The capability of the audit to detect fraud and other irregularities depends on factors such as the skilfulness of the perpetrator, the frequency and extent of manipulation, the degree of collusion involved, the relative size of individual amounts manipulated, and the seniority of those individuals involved.

A further description of the auditor’s responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor’s report.

Reporting on other requirements

Other information

The trustees are responsible for the other information in the statement of accounts. The other information comprises the Trustees’ Annual Report.

Our responsibility is to read all the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

13

Classification: OFFICIAL

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon except on the Trustees’ Annual Report to the extent explicitly stated in the following opinion prescribed by the Accounts Commission.

Opinions prescribed by the Accounts Commission on the Trustees’ Annual Report

In our opinion, based on the work undertaken in the course of the audit, the information given in the Trustees' Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements and that report has been prepared in accordance with the Charities SORP (FRS 102).

Matters on which we are required to report by exception

We are required by The Charity Accounts (Scotland) Regulations 2006 to report to you if, in our opinion:

We have nothing to report in respect of these matters.

Use of our report

This report is made solely to the parties to whom it is addressed in accordance with Part VII of the Local Government (Scotland) Act 1973 and for no other purpose. In accordance with paragraph 108 of the Code of Audit Practice, we do not undertake to have responsibilities to members or officers, in their individual capacities, or to third parties.

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Mark Outterside Audit Director For and on behalf of Forvis Mazars LLP 26 Mosley Street Newcastle Upon Tyne NE1 1DF

19th February 2026

14

Trust Funds Statement of Financial Activities

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STATEMENT OF FINANCIAL
ACTIVITIES FOR THE YEAR
ENDING 31 MARCH 2025
Note
INCOMING RESCOURCES
Investment income from
managed funds - Unrestricted
5
Interest from short-term
deposits - Unrestricted
Donated Services (Audit)
6
Total Incoming Resources
RESOURCES EXPENDED
Costs of generating funds:
Investment management costs
Audit fee
6
Charitable Activities:
Grants awarded
7
Total Resources Expended
Net Incoming/(Outgoing)
Resources before Other
Recognised Gains/(Losses)
OTHER RECOGNISED GAINS
AND (LOSSES)
Unrealised gains/(losses) -
Permanent Endowment
Total Gains and (Losses) on
Investment Assets
Net Movement in Funds
Total funds brought forward -
Unrestricted
Total funds brought forward -
Permanent Endowment
Total funds brought forward
10
Funds Carried Forward -
Unrestricted
Funds Carried Forward -
Permanent Endowment
Total funds carried forward
10		 McCaig
Trust
Third
Marquess
Of Bute's
Silver
Wedding
Dowry
Baillie
Gillies
Bequest
Kidston
Park Trust
Miss Annie
Dickson
Burgh
Bequest
Logie Baird
Prize Fund
County of
Argyll
Educational
Trust
Scheme,
1960
Total
Total
Total
Total
Total
Total
Funds
Funds
Funds
Funds
Funds
Funds
Total Funds
2025
2025
2025
2025
2025
2025
2025
Total
£
£
£
£
£
£
£
£
219
50
1
-
-
-
14,193
14,463
3,616
363
528
58
222
101
9,141
14,029
966
125
138
15
58
26
8,422
9,750
4,801
538
667
73
280
127
31,756
38,242
-
-
-
-
-
-
-
966
125
138
15
58
26
8,422
9,750
5,981
-
-
-
-
-
20,500
26,481
6,947
125
138
15
58
26
28,922
36,231
(2,146)
413
529
58
222
101
2,834
2,011
-
-
-
-
-
-
(24,317)
(24,317)
-
-
-
-
-
-
(24,317)
(24,317)
(2,146)
413
529
58
222
101
2,835
2,012
45,654
8,745
7,693
175
1,547
1,849
185,020
250,683
35,138
1,000
3,050
1,000
2,948
200
521,898
565,234
80,792
9,745
10,743
1,175
4,495
2,049
706,918
815,917
43,508
9,158
8,222
233
1,769
1,950
187,854
252,694
35,138
1,000
3,050
1,000
2,948
200
497,581
540,917
78,646
10,158
11,272
1,233
4,717
2,150
685,435
793,611

15

Trust Funds

Statement of Financial Activities

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STATEMENT OF FINANCIAL
ACTIVITIES FOR THE YEAR
ENDING 31 MARCH 2024
Note
INCOMING RESCOURCES
Investment income from
managed funds - Unrestricted
5
Interest from short-term
deposits - Unrestricted
Donated Services (Audit)
6
Total Incoming Resources
RESOURCES EXPENDED
Costs of generating funds:
Audit fee
6
Charitable Activities:
Grants awarded
7
Total Resources Expended
Net Incoming/(Outgoing)
Resources before Other
Recognised Gains/(Losses)
OTHER RECOGNISED GAINS
AND (LOSSES)
Unrealised gains/(losses) -
Permanent Endowment
Total Gains and (Losses) on
Investment Assets
Net Movement in Funds
Total funds brought forward -
Unrestricted
Total funds brought forward -
Permanent Endowment
Total funds brought forward
10
Funds Carried Forward -
Unrestricted
Funds Carried Forward -
Permanent Endowment
Total funds carried forward
10		 McCaig
Trust
Third
Marquess
Of Bute's
Silver
Wedding
Dowry
Baillie
Gillies
Bequest
Kidston
Park Trust
Miss Annie
Dickson
Burgh
Bequest
Logie Baird
Prize Fund
County of
Argyll
Educational
Trust
Scheme,
1960
Total
Total
Total
Total
Total
Total
Total
Funds
Funds
Funds
Funds
Funds
Funds
Funds
2024
2024
2024
2024
2024
2024
2024
Total
£
£
£
£
£
£
£
£
77
43
1
-
-
-
13,915
14,036
3,621
344
503
175
211
97
8,846
13,797
891
107
119
13
50
23
7,797
9,000
4,589
494
623
188
261
120
30,558
36,833
891
107
119
13
50
23
7,797
9,000
3,835
-
-
2,538
-
-
16,827
23,200
4,726
107
119
2,551
50
23
24,624
32,200
(137)
387
504
(2,363)
211
97
5,934
4,633
-
-
-
-
-
-
43,320
43,320
-
-
-
-
-
-
43,320
43,320
(137)
387
504
(2,363)
211
97
49,254
47,953
45,791
8,358
7,189
2,538
1,336
1,752
179,086
246,050
35,138
1,000
3,050
1,000
2,948
200
478,578
521,914
80,929
9,358
10,239
3,538
4,284
1,952
657,664
767,964
45,654
8,745
7,693
175
1,547
1,849
185,020
250,683
35,138
1,000
3,050
1,000
2,948
200
521,898
565,234
80,792
9,745
10,743
1,175
4,495
2,049
706,918
815,917

All incoming resources and resources expended derive from continuing activities. The notes on pages 19 to 26 form an integral part of these financial statement.

16

Trust Funds Balance Sheet

==> picture [55 x 46] intentionally omitted <==

Balance Sheet as at 31 March 2025

Balance Sheet as at 31 March 2025
Fixed Assets
Note
Investments - Unrestricted
8
Investments - Permanent
Endowment Funds
8
Total Fixed Assets
Current Assets
Debtor (Cash at Bank and at
Hand) - Unrestricted
9
Debtor (Cash at Bank and at
Hand) - Permanent Endowment
9
Total Current Assets
Current Liabilities
Net Current Assets or
Liabilities
Total Assets
Funds of the Charity
Unrestricted Funds
Endowment Funds
Total Charity Funds
Miss
Annie
Dickson
Burgh
Bequest
Logie
Baird
Prize
Fund
County of
Argyll
Educational
Trust
Scheme,
1960
Third
Marquess

Of Bute's
Silver
Baillie
Kidston
McCaig
Wedding
Gillies
Park
Trust
Dowry
Bequest
Trust
Total
Total
Total
Total		 Total
Total
Total
Total
£
£
£
£		 £
£
£
£
-
-
2,400
50
-		 -
-
2,450
7,600
-
-
-		 -
-
497,581
505,181
7,600
2,400
50
-		 -
-
497,581
507,631
-
-
43,508
6,758
8,173
233		 1,769
1,951
187,855
250,247
27,538
1,000
3,050
1,000		 2,948
200
35,736
71,046
7,758
11,223
1,233		 4,717
2,151
187,855
285,983
-
-
71,046
7,758
11,223
1,233		 4,717
2,151
187,855
285,983
-
78,646
10,158
11,273
1,233		 4,717
2,151
685,436
793,614
-
-
43,508
9,158
8,223
233		 1,769
1,951
187,855
252,697
35,138
1,000
3,050
1,000		 2,948
200
497,581
540,917
78,646
10,158
11,273
1,233		 4,717
2,151
685,436
793,614

17

Trust Funds Balance Sheet

==> picture [55 x 46] intentionally omitted <==

Balance Sheet as at 31 March 2024

Fixed Assets
Note
Investments - Unrestricted
8
Investments - Permanent
Endowment Funds
8
Total Fixed Assets
Current Assets
Debtor (Cash at Bank and
at Hand) - Unrestricted
9
Debtor (Cash at Bank and
at Hand) - Permanent
Endowment
9
Total Current Assets
Current Liabilities
Net Current Assets or
Liabilities
Total Assets
Funds of the Charity
Unrestricted Funds
Endowment Funds
Total Charity Funds		 McCaig
Miss
Annie
Dickson
Burgh
Bequest
Logie
Baird
Prize
Fund
County of
Argyll
Educational
Trust
Scheme,
1960
Third
Marquess Of
Bute's Silver
Baillie
Kidston
Wedding
Gillies
Park
Trust Dowry
Bequest
Trust
Total Total
Total
Total		 Total
Total
Total
Total
£ £
£
£		 £
£
£
£
-
- 2,400
50
-		 -
-
2,450
7,600 -
-
-		 -
-
521,898
529,498
7,600 2,400
50
-		 -
-
521,898
531,948
-
-
45,654 6,345
7,643
175		 1,547
1,849
185,020
248,233
27,538 1,000
3,050
1,000		 2,948
200
35,736
73,192 7,345
10,693
1,175		 4,495
2,049
185,020
283,969
-
-
73,192 7,345
10,693
1,175		 4,495
2,049
185,020
283,969
-
80,792 9,745
10,743
1,175		 4,495
2,049
706,918
815,917
-
-
45,654 8,745
7,693
175		 1,547
1,849
185,020
250,683
35,138 1,000
3,050
1,000		 2,948
200
521,898
565,234
80,792 9,745
10,743
1,175		 4,495
2,049
706,918
815,917

18

Trust Funds

Notes to the Financial Statements

==> picture [55 x 45] intentionally omitted <==

1. Basis of Preparation

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.

1.1. Basis of Accounting

The financial statements are prepared under the historic cost convention and in accordance with:

2. Accounting Policies

2.1. Form of Financial Statements

2.2. Incoming Resources

19

Trust Funds

Notes to the Financial Statements

==> picture [55 x 45] intentionally omitted <==

2.3. Resources Expended

a) All expenditure is included in the Statement of Financial Activities on an accrual basis and is recognised when there is a legal or constructive obligation to pay out resources.

2.4. Cash and Bank Balances

a) During the year the above short term deposits were held by Argyll and Bute Council, which manages the administration of the funds on behalf of the Trustees. The Council also acts as the banker for the charity and, as detailed below, all transactions incoming and outgoing are made via the Council’s accounts. No costs were incurred by the trust for this work. The balances are repayable on demand. Interest is payable on balances.

b) As cash and bank balances are held as short term deposits with Argyll and Bute Council and are not in a standalone bank account, they appear on the Balance Sheet as a debtor.

c) The debtor balance is split between those funds deemed to be unrestricted and those deemed to be permanent endowment. The unrestricted funds are available to be used for the charitable activities of the trust and the permanent endowment funds are held to generate income for the charitable activities.

3. Taxation

The charity is not liable to income or capital gains tax on its charitable activities. Irrecoverable VAT is included in the expense to which it relates.

4. Trustee Remuneration, Expenses and Related Party Transactions

20

Trust Funds

Notes to the Financial Statements

==> picture [55 x 45] intentionally omitted <==

5. Investment Income

McCaig Trust Third Marquess Of Bute's Silver Wedding Dowry Third Marquess Of Bute's Silver Wedding Dowry Third Marquess Of Bute's Silver Wedding Dowry Third Marquess Of Bute's Silver Wedding Dowry Third Marquess Of Bute's Silver Wedding Dowry Third Marquess Of Bute's Silver Wedding Dowry Baillie Gillies Bequest Baillie Gillies Bequest Kidston Park Trust Kidston Park Trust Kidston Park Trust
Income
from
Investments		 Interest on
Short-term
deposits -
Argyll and Bute
Council		 Total Income
from
Investments		 Interest on
Short-term
deposits -
Argyll and
Bute Council		 Total Income
from
Investments		 Interest on
Short-term
deposits - Argyll
and Bute Council		 Total Income
from
Investments		 Interest on
Short-term
deposits -
Argyll and
Bute Council		 Total
2024 77 3,621 3,698 43 344 387 1 503
504		 - 175 175
Unrestricted 219 3,616 3,835 50 363 413 1 528
529		 - 58 58
Permanent
Endowment - - - - - - - - - - - -
2025 219 3,616 3,835 50 363 413 1 528
529		 - 58 58
Miss Annie Dickson Burgh Bequest Logie Baird Prize Fund County of Argyll Educational Trust
1960		 Scheme,
Interest on Interest on Interest on
Income
from
Investments		 Short-term
deposits - Argyll
and Bute
Council		 Total Income
from
Investments		 Short-term
deposits -
Argyll and
Bute Council		 Total Income
from
Investments		 Short-term
deposits - Argyll
and Bute Council		 Total Totals
2023 - 83 83 - 38 38 13,915 3,534 17,449 19,575
Unrestricted - 211 211 - 97 97 13,915 8,846 22,761 27,833
Permanent
Endowment - - - - - - - - -
2024 - 211 211 - 97 97 13,915 8,846 22,761 27,833

21

Trust Funds

Notes to the Financial Statements

==> picture [55 x 45] intentionally omitted <==

6. Audit Fees

The independent auditor’s fee is a donated service amounting to £9750 +750 (2023-24 £9000).

7. Grants Awarded

Charity Name Grants Awarded inyear to 31 March 2024 Number of Grants awarded
McCaigTrust £ 5,981 1
County of Argyll Educational Trust Scheme
1960		 £ 20,500 22
Total £26,481 23

22

Trust Funds

Notes to the Financial Statements

==> picture [55 x 45] intentionally omitted <==

8. Fixed Asset Investments

Third
Marquess Miss Annie County of Argyll
McCaig
Trust		 Of Bute's
Silver		 Baillie Gillies
Bequest		 Kidston Park
Trust		 Dickson
Burgh		 Logie Baird
Prize Fund		 Educational
Trust Scheme,		 Total
Wedding Bequest 1960
Dowry
£ £ £ £ £ £ £ £
Carrying (market) value at 1 April 2024 7,600 2400 50 0 0 0 521,898 531,948
Add: additions to investments at cost - - - - - - -
Less: disposals at carrying value - - - - - - -
Add/(deduct): net gain/loss on revaluation - - - - - - (24,317) (24,317)
Carrying (market) value at 31 March 2025 7,600 2,400 50 - - - 497,581 507,631
Analysis of Investments
CCLA Investments - - - - - - 497,581 497,581
Local Government Bonds 7,600 2,400 50 - - - - 10,050
Total 7,600 2,400 50 - - - 497,581 507,631

23

Trust Funds

Notes to the Financial Statements

==> picture [55 x 45] intentionally omitted <==

Third
Marquess Miss Annie County of Argyll
Mccaig Trust Of Bute's
Silver		 Baillie Gillies
Bequest		 Kidston Park
Trust		 Dickson
Burgh		 Logie Baird
Prize Fund		 Educational
Trust Scheme,		 Total
Wedding Bequest 1960
Dowry
£ £ £ £ £ £ £ £
Carrying (market) value at 1 April 2023 7,600 2400 50 0 0 0 478,578 488,628
Add: additions to investments at cost - - - - - - -
Less: disposals at carrying value - - - - - - -
Add/(deduct): net gain/loss on revaluation - - - - - - 43,320 43,320
Carrying (market) value at 31 March 2024 7,600 2,400 50 - - - 521,898 531,948
Analysis of Investments
CCLA Investments - - - - - - 521,898 521,898
Local Government Bonds 7,600 2,400 50 - - - - 10,050
Total 7,600 2,400 50 - - - 521,898 531,948

9. Cash and Bank Balances

During the year the above short term deposits were held by Argyll and Bute Council, which manages the administration of the funds on behalf of the Trustees. The Council also acts as the banker for the charity and, as detailed below, all transactions incoming and outgoing are made via the Council’s accounts. No costs were incurred by the trust for this work. The balances are repayable on demand. Interest is payable on balances.

24

Trust Funds

Notes to the Financial Statements

==> picture [55 x 45] intentionally omitted <==

McCaig Trust Third Marquess Of Bute's Silver Third Marquess Of Bute's Silver Baillie Gillies Bequest Kidston Park Trust

Wedding Dowry
Permanent
Total		 Permanent
Total		 Permanent
Total		 Permanent
Total
Unrestricted
Endowment
Funds
Unrestricted
Endowment
Funds
Unrestricted
Endowment
Funds
Unrestricted
Endowment
Funds
Short-term deposits with Argyll and
Bute Council:
£
£
£
£
£
£
£
£
£
£
£
£
Cash and Bank at 31 March 2024
45,654
27,538
73,192
6,345
1,000
7,345
7,643
3,050
10,693
175
1,000
1,175
Add: lodgements during year
3,835
-
3,835
413
-
413
530
-
530
58
-
58
(Less): withdrawals during year
(5,981)
-
(5,981)
0
-
-
0
-
-
0
-
0
Gains/losses
-
-
-
-
-
-
-
-
-
-
-
-
Cash and Bank at 31 March 2025*
43,508
27,538
71,046
6,758
1,000
7,758
8,173
3,050
11,223
233
1,000
1,233**

25

Trust Funds

Notes to the Financial Statements

==> picture [55 x 45] intentionally omitted <==

Logie Baird Prize Fund
County of Argyll Educational Trust
Scheme, 1960
Miss Annie Dickson Burgh Bequest
Permanent
Total		 Permanent
Permanent
Total
Endowment
Funds
Totals
£
£
£
£
£
£
£
Council:
£
£
£
1,849
200
2,049
185,020
Cash and Bank at 31 March 2024
1,547
2,948
4,495
-
185,020
283,969
Add: lodgements during year
222
-
222
102
-
102
23,335
-
23,335
28,495
(Less): withdrawals during year
0
-
-
0
-
-
(20,500)
-
(20,500)
(26,481)
Gains/losses
-
-
-
-
-
-
-
-
-
Cash and Bank at 31 March 2025*
1,769
2,948
4,717
1,951
200
2,151
187,855
-
187,855
285,983**

*Cash and bank on above tables recorded as a debtor on the balance sheet

26

Trust Funds

Notes to the Financial Statements

==> picture [55 x 45] intentionally omitted <==

10. Movement in Funds

McCaig Trust Third Marquess Of Bute's Silver Wedding Third Marquess Of Bute's Silver Wedding Baillie Gillies Bequest Baillie Gillies Bequest Kidston
Dowry Park
Unrestricted
Permanent
Total		 Unrestricted Permanent Total Unrestricted Permanent
Total
Unrestricted		 Permanent Trust
Revenue
Endowment
Funds		 Revenue Endowment Funds Revenue Endowment
Funds
Revenue		 Endowment Total Funds
At 31 March
2024
45,654
35,138
80,792
Incoming		 8,745 1,000 9,745 7,693 3,050
10,743		 175 1,000 1,175
Resources
4,726
-
4,726		 520 - 520 648 -
648		 71 - 71
Outgoing
Resources
6,872
-
6,872		 107 - 107 118 -
118		 13 - 13
Gains/
Losses
-
-
-		 - - - - -
-		 - - -
At 31 March
2025
43,508
35,138
78,646		 9,158 1,000 10,158 8,223 3,050
11,273		 233 1,000 1,233
Miss Annie Dickson Burgh Miss Annie Dickson Burgh Bequest Logie Baird Prize Fund Logie Baird Prize Fund County of Argyll Educational Trust Scheme, County of Argyll Educational Trust Scheme, County of Argyll Educational Trust Scheme,
1960
Unrestricted Permanent Unrestricted Permanent Unrestricted Permanent Total
Revenue Endowment Total Funds Revenue Endowment Total Funds
Revenue		 Endowment Funds Totals
At 31 March
2024 1,547 2,948 4,495
1,849		 200 2,049
185,020		 521,898 706,918
814,308
Incoming
Resources 272 - 272
124		 - 124
31,131		 - 31,131
37,492
Outgoing
Resources 50 - 50
23		 - 23
28,297		 - 28,297
35,480
Gains/ Losses - - -
-		 - -
-		 (24,317) (24,317)
(24,317)
At 31 March
2025 1,769 2,948 4,717
1,950		 200 2,150
187,854		 497,581 685,435
793,612

27