CAITHNESS HERITAGE TRUST Registered Scottish Charity TRusrrES REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 OCTOBER 2025 Scottish Charity Number SC019998 CAITHNESS HERITAGE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 Charity name: Caithness Heritage Trust Charity Registration number: SC019998 Address of charity Ms Diane Meikle, Treasurer, Windy Ha, Mey, Thurso, KW14 8XH Governing document Caithness Heritage Trust was created by a trust deed dated 3 March 1992 Objects The objects of the trust are to establish a museum In Caithness, In particular and Initially to acquire the property and contents of the croft at Westside, Dunnet, Caithness, known as Mary Ann's Cottage. Trustees The trustees must number no less than five, and no more than fifteen. Appointments to the Board are made by the trustees. The trustees may elect from among themselves a chairman who has the authority to convene meetings and they may also elect any other officers as they see fit. The trusteed who served during the period from 1 November 2022 to the date of this report are: Mr R Bell. Mrs S Fraser. Mr W Johnson and Mrs A Johnson, Mrs A Sinclair, MrA Wands The trustees meet at least three times in a year Current office bearers Chairman MrA Wands Vice Chair Mr R Bell Secretary Mrs A Sinclair Treasurer Ms D Meikle Principal activity The principal activity of the charity is to exhibit to the public the cottage propety and its artefacts, the charge for admission being the main source of funding. Visitors are conducted round the property by volunteers. Reserves policy The trustees believe that the present level of reserves is adequate and reasonable for the property-owning charity. Page 1 CAITHNESS HERITAGE TRUST TRUSTEES, REPORT Achievements and future plans The 2025 season went well, numbers are much the same as last year and we have increased the sales on items. Major expenses this year have been the wood worm treatment which was required to safeguard the furniture and buildings. Apart from the regular daily visitors we welcomed four separate 4 bus tours and a group from Pennsylvania which where all most welcome. There will be further repairs coming for 2026 This report was approved by the Board of Trustees on 22 November 2025 and signed on their behalf by: SivLcLoi Mrs Annette Sinclair (Trustee and Secretary) Page 2 CAITHNESS HERITAGE TRUST STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Restr- icted funds Unrestricted funds Fabric General fund TOTAL 2025 TOTAL 2024 reserve RECEIPTS Admissions - Adults Groupsltours Sale of goods Other 11 4095 612 628 4095 612 628 4115 716 424 Fundraising Donations Other Income 258 258 542 TOTAL OF RECEIPTS 5593 5593 5797 PAYMENTS Fundraising costs Maintenance Heat and light Insurance Printing. stationery and postage Advertising Card merchandising costs Conservation, storage and archiving Governance costs Other expenses 273 2315 430 702 231 425 35 175 273 2315 430 702 231 425 35 175 25 535 110 7440 1440 627 228 459 29 175 25 535 11 535 TOTAL OF PAYMENTS 5145 5145 11068 SurpluslDeficit(~) before transfers 447 447 -5270 TRANSFERS SurpluslDeficit(-) after transfers 447 447 -5270 RECONCILIATION OF FUNDS Balance at commencement 39651 4Li82 44333 49603 Balance at close 39651 5129 44780 44333 The above fijnds are represented by Bank current account Cash in hand 39651 4682 42220 2802 45022 49603 39651 4682 49603 This financial statement is continued by the notes on pages S ands Page3 CAITHNESS HERITAGE TRUST STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 NOTES 1 HERITABLE PROPERTY The croft house, outbuildings and contents of Westside Croft, Dunnet were acquired by the Trust in 1992 from the family of Mrs Mary Ann Calder who died In 1996, on the eve of her ninety-ninth birthday. The consideration of £20,000 was funded principally by the National Heritage Memorial Fund: and from kind donors including her late Majesty Queen Elizabeth the Queen Mother. Another generous donation was received from Mr James Begg of Canada, and this enabled the trustees to make the property wind and water tight, and to carry out necessary repairs. The current insurance cover values are Buildings £110,250, Contents £5,250. 2 ADULT VISITORS - FIVE YEAR RECORD Year ended Num- ber Adult admission fee from 2017. £4 Closed for Cororiavirus pai?demic Admission by donation only. owing to Covid19 rectrictioiis Adult admission fee from 2022.. £5 2019 2020 2021 2022 2023 2024 2025 1509 1097 856 759 823 819 Historic high Historic low 2003 2023 1891 759 3 TRADING IN GOODS Year ended 2018 2019 2020 2021 2022 2022 Sales Costs Financial reporting in tem]s of Receipts and Payments does not take into account the value of unsold stock at the end of each year. This rolling six year review demonstrates Ihe benefits of this trade, but is subject to the value of any stock in hand at the beginning and end of the six yearperiod. An annual stocktake and valuation is not carried out. 1396 1238 62 341 176 366 39 309 110 467 2024 424 2025 627 4518 272 1309 2025 2024 4 FUNDRAISING INCOME Sales of souvenirs and produce Other fundraising 627 424 627 424 5 FUNDRAISING COSTS Purchase of goods for resale Other fundraising costs 272 110 272 110 fAgE 4 Page 5 CAITHNESS HERITAGE TRUST STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 NOTES (Continued) 2025 2024 6 OTHER EXPENSES End-of-year social event for volunteers (2023) Miscellaneous expenses 505 35 540 505 30 535 7 DEBTORS There were no significant amounts receivable in respect of the year ended 31 October 2025, and not received by that date. The annual Insurance premium is prepaid to 31 March 2025 702 627 8 CREDITORS End of year social event for volunteers, estimated 500 500 9 TRUSTEES AND CONNECTED PERSONS Remuneration paid Ms V Lockwood Expenses paid: The financial statement on page 4 (along with notes on pages 5 and 6) was approved by the Board of Trustees on 30 November 2025, and is signed on their behalf by: avn Mrs Annette Sinclair (Trustee and Secretary) Page6