OSCR S(.(ittish Chdl Ily Regu[Or Independent examiner's report on the accounts V2 Roport to the trusteeslmembers of Mill Cottage Reglstered charlty ,: SC 020138 number On the accounts of the Period start date charity for the period I Peri1 end date Day. z Month Year 01 April 1 2024 1 1 to 3 below 31 l March 1 2025 Set out on pages Respective The charity's trustees are responsible for the preparation of the accounts In accordance rasponsibilities of with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the tTUStees and examiner Charities Accounts (Scotlandl Regulations 2006 las amended}. The charity trustees consider Ihat Ihe audit requirement of Regulation 10111 {d> of the Accounts Regulations dS not apply. It is my responsibility to examine the accounts as required under section i 44{1) (c) of the Act and to state whether particular matters have come to my attention. Basis of independenl My examination is carried out In accordance with Regulation 11 of the 2006 Accounts examiner's statement Regulations An examination includes a review of Ihe accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in Ihe accounts and seeks explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit and. consequently, I do not express an audit opinion on the view given by the accounts. Independent examiner's In the coufse of my examination, no matter has come to my attention lolher than that statement disclosed on the attached page'l which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records In accordance with section 44(11 {ai of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord wilh the accounts'ng records and compty with Regulation 9 of the 2006 Accounts Regulats'ons have not been mel. or to which. in my opinion. attention should be drawn in order to enable a proper understan ng of the accounts to be reached. Signed: Date: 12th December 2025 Name: Relevant professional qualification{s) or body lif any): Address:
'Pleage delete the words In the brackets rf they do not apply. If the words do appty, sel out thosè rratters whh havè eorne lo your attention on the following page. Disclosure section Only Gomplele if the examiner needs to highlight mateiial problems. Give here brief details of any items that the examiner wishes to disclose Mill Cottage Charity is in a very strong financial position with an excess of cash, £98,112.65 as at end March 2025 l understand there are plans to share approximately £50,000 of this I through donations to other related charitable causes. And that funds are properly held back for future Maintenan and enhancements at the cottage. It is not evident that this will reduce the cash surplus entirely. I suggest I that Trustees should therefore move funds to interest bearing accounts to I reduce the risk of the funds becoming devalued by currently high levels of i inflation. I confirm that to that effect, that I have been informed that the Trustees have opened up an interest bearing account with the Co-op bank
Mill Cottage SCIO Trustee's Annual Report and Accounts for year ending 31 March 2025 Mill Cottage SCIO is a charity registered in Scotland , registration number SC020138 at the registered address c/0 Mountaineering Scotland, The Granary, West Mill Street, Perth PHI 5QP
Annual Report . 2024125 saw an increase in the bank balance: income from bookings was up and outgoings were down. At the end of March 2025, the bank balance was £98,112.65 The intention in year ending March 2026 is to spend mone.y improving the cottage. accommodation, with a new drylng room, log Store and a bike store wlth charging points. In addition the trustees have agreed to make donatlons in the sum of £50,000 to other charitable causes. Thus decreasing the bank balance. As recommended by the independent examiner last year. we have opened up an interest bearing account. List of Trustees as of April 2024
Mill Cottage Receipts & Payments account for year ending 31 March 2025 Year ended Year ended Receipts 31" March 2024 31" March 2025 Booking Fees 29,571.05 30,150.00 Grants 0.00 ' 0.00 Bank interest Total 29 571.05 30 150.00 Payments Property repairs, maintenance & cleaning 1,403.17 1,734.67 Heating, lighting 3,528,00 2,560.00 Insurance 1,170.26 1,225.59 Bookkeeping fees, web site 300.00 300.00 Septic Tank 231.50 237.80 Rates 263.94 252.07 Charity Donation 5000.00 Bad weather refund 682.00 950.00 Total 12 578.87 7 260.13 Governance costs Consultancy feeslhonoraria) 1,809.23 550.00 Total Costs 14 388.10 7 810.13 Surplus/(deficit) for year 15 182.95 22 339.87 ststement of balances 31 March 2024 Opening balance 60,724.83 75,772.78 Surplus 15.182.95 22,339.87 Closing balance 75,772.78 98 112.65