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
Peri￿1 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
d￿S 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 wh￿h 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