Trustees Annual Report for Scottish Text Society for the period to 30th December 2025 SCOThISH TEXT SOCIETY Oll Scottish Charity No: SC021308 Registered Charity SC021308
AnThA Report & Statements for the year eThJiNJ 30th Owber 25 S¢ottish CIW SC021308 Index Page 3 Reference & Administrative Infonation Page4 Trustees Annual Report: Slyucturn Govemance & Management Objectives & Activities Page 5 Achievements & Perfomance Page 6 Financial Re¥iew & Stateent of Trustees Page 7-8 Annual Attounts.. Page 7 Receipts & Payments Account Page 7 SkIeent of Balances Page 8-9 Notes to the Accounts Page 10 Independent Examiners Report
Amual Reporf & FvwKi•l Slalon&rts for ye8r erK1iNJ Orunber 25 S¢ottish Chty SCWd1309 Index Page 3 Reference & Administrative InfomMiion Page 4 Twstees Annual RepoiL s1CtU Govemance & Management Obpdives & Activities Page 5 Achievements & Perfonnance Page 6 Financial Review & Statement of Twstees Page 7-8 Annual Accounts: Page 7 Receipts & Paynnts Acwunt Page 7 Statement of Balances Page 8-9 Note$ to the Accounts Page 10 Independent Exane[S Report
Annual Report & Foianckil Statemen15 for year endirvJ Wh December 25 Scottish Chanty SC021308 Reference & Administrative Infomiation Charity Namo: Scottish Text Society Scottish Charity No: SC021308 The Charites Principal Addres$: clo School of English University of Nottingham Nottingham NG7 2RD Websito: w*w.scoth"shtextsociety.org Charities Truslees on dale off approval includlng office held: Honorary Presldents Professor R.J. Lyall Professor S. Mapstone Professor N. Royan Professor H.L MacQueen (2023-2026) Dr J. Martin {2023-2026) Dr R. Purdie {2023-20261 Professor S. Verweij {2024-2027) Dr K. Ash-lnsarri (2023-2026) Dr K. Dekker (2023-2026) Professor A.S.G. Edward$12023-20261 Dr E Elliot {2025-28) ProfessorJA. Glenn {2024-2027) DT J. Hadley Williams12025-2028) Professor P King (2024-2027) Dr Joanna Kopaczyk {2024-2027} Professor T Machan 12024-2027) Professor Kalherine Terrell12024-2027) H Vin cent12020-20261 Professor E Wingfield {2025-2028) President Vice-Presidents Executive Officers Ordinary Members Non£ouncil Member being paid Office Bearer Administrative Secretary R Laub (Oct 2025) Names of other truslees during the period: Dr S. Carpenter resigned Sept 25 Independent Examiner: Sue BennettACIE 21 Dounehill JEDBURGH TD8 6LJ Bankers: The Bank of Scolland The Mound EDINBURGH EH1 1YZ
ANMA Report & Finrtial Statemert$ lor the year endwg December 25 Swttish Ct*ity No SC021308 Structure, Gov8rnanc• & Management Govorning Oo¢umont The Charity is govemed by a constitution dated 18th April 2017. Trusta• R6erultm•nt & Appolnknent At each Ann ual General Meeting the members may elect any Member to be a member ofthe Cou ncil. all menkners of Ihis conynittee are the designate Trustees of the Charity. Objectives & Activities The Charitss Charitsble Purpose: AS Sèt out in Ihe 'Constituts'on' and 'The Charities and Trustee Inve$knents (Scolandl Act 2005. the purpose(s) of Scottish Text Society are the following:_ the adVancent of educab'on the advanment of the ats, heritage. culture or science Any other purpose that may asOnablY be regarded as analogous io any of the pedIng pu rposes. Summary of the main activities in relation to th8 obiocllves: The charitys objectives in relats.on to the above are: to further the study and leaching of Scotlish literature. its Sanguage and history, particularly by producing editions of original texts.
Annual Report & Fin•cial Statements for Ihe yw endirKJ 301h December 25 Scotlish Charily No SC021308 Achlevement & Performance for 2025 The principal purpose of the SocEty remains the publLshing of edrtics of ciginal texts. However. no volume was submitted for kxJb1ati0n in 2025. Councd very much regrets the hiatus in puL4ishing in the main series. one volurne has been submitted for publication in 2026, and a working party has been set up from Council to invite W0pLS for edited volumes to enhance the wblicah'on schedule. In 20C6 the Society set up a fund to eslablith a bnnal put4ic knture in memory of its fomer President and Honorary Predent, Professor Angus Mclntosh. The texts of the first lectures are availatAe for d¢)WIoad from the webg.le of the Society. On 9 December 2025. the first Mclnlosh lecture nce September 2022 was hekJ in Glasgow al the Ke5vin Hall, delivered by Professor Joanna Kopaczyk. The lecture lrtle was 'Seots as a CThlerella Language,. The audience was around 30. Planning for the next one will start in Apr 2026. The Council reMaS consclous of the increasing costs of rts publishing model in addition the risks of Open Access expectatK)ns," il also reCOgneS the costs of maintaining and offering value lo a eore membership to SUPPKtrt its a¢tivJkn"es. Wth these in mind. Council has continued lo eonshder melhgjs of womoting the Soc•. and has agreed in principle lo look to employ an intern lo undertake market research and increase the online offer to enc¢)urage engagement.
Amual Report & Finwcial Slatwnwrt¥ fortho yw tyKling D•¢nber 25 Scottish Chty SC¢y21 Financial Review Statsment of Reservos Polky: Council keeps the resevves policy under constant review and considers that a minimum reserve of £20.000 is necessary for ensuring the conts'nued work of the Society. Dèlalls of any defic There is no financial deficit this year. Detalh of Donatsd Fa¢illll08 & S•Nico8: The Charity benefils from the trn given by all the Tfustees to the Nnning ofthe Charity. including monitoring, supervision and meetsng times. Statement of Trustees Responsibilltles The members of the Charity must prepare financial statements which give sufficient delail to enable an appreciahon of the transactions of the Charity during the financial year. The members of the Charity are responsible forkeeping proper accounting rècords which. on request, must reflectthe financial position ofthe Charity at that time. Thi5 must be done to ensure Ihatthe finanal statements complywrth the Charities and Trustee Investrnent (Scotfand) Act 2005, the Charities Accou nts (Scotland) Regulatsons 2QO6. They are also responsible for safeguarding the assets of the ChaFity and must take asonable steps for the prevention andlordetection of fraud and other iNegularibes. Approved by the Trustees and signed on their behalf by: kJ¢f Chairperson Kl I CdLA (b5y Dated: I t £A)IG
Annua Report a Financial Statements for yew eThJiThJ December 25 Stoit15h Charity No SC021308 Receipts & Payments Account Year Ended 30th December2025 Recolpts & Payrnents A¢¢ounl Rec•lp¢s Total 2025 Tolal 2024 Funds Donations Receipts from RaisiNJ Activ1¢$ Other Chantable Activities Interesl 70. 70.tY) 160.00 0.00 9.524.33 268.81 9.884.48 270.77 9.884.48 270.77 0.00 Tolal R•c•lpts 10.155 25 o.fx) 10.155 25 9,953. 14 Payments Expenses from Fund Ra$9 ActNilies Expenses from Charitae Activitie5 Independent Examination 0.00 8.73S 99 250.00 2.077.28 250.IXI 207.57 2.284.85 250.00 Total Paymènts 2.327.28 207.57 2.534 85 8.985.99 Net ReceiptsllPayrnent51 Transfer betbbeen Funds 7,827.97 (207.571 7.620.40 7.15 Surpluslloeficitl for Year 7.827.97 (207.S71 7,620.40 7.1S Statement of Balances 05 at 301h December 2025 Un Restricted Rtstrieted Funds Total 2025 Total 2024 BalarKtS al Slart of Year SurplusllDefiall lor Year 39.476_72 7.827.97 1.934.Tr) 41.410.72 1207.57) 7.620.40 40,443.57 967.15 Balae5 al End ol Year 47.304.69 1.726.43 49.031.12 41,410.72 Other Assets No Olher Assets Held No oul511Th3 LBbililies Financial Statements approved by the Charty arKI signed on its behalf by.. Signed: reasurer Dated:
Amual Report & Statemerts forthe yew dIrj 3 Decwnber 25 Scotti8h i)wity SCW21308 Notss to tho Accounts 2024 1. Oth•r Charilabh Adlvlli08 Subscrytions Book sa {see mte 5) Royallies Bank ComFensation 7.645.00 175.50 2,3.98 6.229.34 731.92 2,365.07 198.00 £9.884.48 £9,524J3 2. Expenses from Charitable Actlvlty PuUications Vcqumes B&8 ExFenses & Mathngs Pubh5hing S¢otland G Ingli$ 0.00 5.047.27 668.16 265.20 0.00 270.00 350.00 Admlnistr*i(M) Admintslrative Secretary PayPal Fees Postage Websile Costs Stationery EXpSe5 1.5W.(KI 5.95 46.10 112.80 1.5W.00 34.97 1.111.09 14.40 £1284.85 £8.735.99 3. Trustee Rgmunerallon and Rekthd Party Transactlons The Twstee5 did not receive arry remurvatiw or expww thrirb3 year. 4. Nature & Purpose of Funds The fuTrJs of the Chanty are W in the fhing bank accounts. Mon$ Into the Society's PayPal account are transfeTred periodicalty to the main bank acci)unt. The WOPDTb'on of interest earned on the Mclnlosh L4acy fund is ajded to the fund each year Treasuws AcCCnt PayPa Account National Savings Investment Account". Mclnlosh Lecture Fund- Restrtct8J FuThJs NSIA- Unrestricted 21.516.26 167.64 1.726.43 25 620.79 27 347.22 £49.031.12 Restrlct•d Fund$ Restricted funds of £1,728.43 are reseed for the Mclntosh letlures.
Annu?1 Report & Statemwrts for yew endir¥J 3h December 25 Scottish Charity sc021308 Notes to the Ac¢ounts convd Book Sales The Soc*'s pUtAallonS are sokl at an agreed clwge thrwgh dislribulor. Boydell Brthver Ltd. who are based In Woodbrid9e in Suffolk. Income from book sales is re¢¢wised in the Socw's aCCOLmts when ceiVed by Boydell and Brewer from the customer arKI the recept a(fvised to Society. The value of gratis eopies is Tr)t in these accLNwts. The cost of gratis cOpS s included in the total cost of wblications and Wfrtten off at ts.me of wblication. 6. Stocks Boydell and Bmer will pr1 a limited runber of volumes stfKk ol a trtle is runnKo low, so containing warehousing charges. Remainir4J Copies of the DVD produced in 2008 are now held in the Nationa kn"brary of Scotland. but notional vabje of thts FS minimal.
Annul Report & FNwKial Stat•mtss Iofthe year ern4irvJ 30th OecembeT 25 Scotb'sh Chwlty SCtr21308 Independont Examlnerfs Rèport on the Aecounts Report to the tfuslees of Scottish Text Society Registered chanty number SC021308 On the accounts of the charity lor the period to 30th Oecember 2025 Setout on Pages 7 to 9 R•spoctiv• responslbllits of trustees and examinor The charity's trustees are responsible for the preparabon of the accounts in accordan with the terms of the Charities and Trustee Investment (Scoland} 2005 Actand the Charities Accounts (Scoland) Regulatbons 2006. The chanty trustees consid8rthatthe audil requirementof Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to exarrine the accounts as required under seclion 44(1) (c) of the Act and to state whelherparticular matters have come to my attenb'on. Basls of Indopendont examlnefs siatement My exanlnation is carried out in accordance with Regulaiion 11 of the Charitses Accounts (Scotland) Regulations 2006. An examinalion includes a review of the accounting records kept by the charity and a comparison ofthe accounts PTesented with those records. It also includes consideration of any unusual items ordisclosure5 in the accounts and seeks explanatsonsfromthe trustses GonMIng any such matters. The procèdures undertaken do notprovide all the evidence thatwould be requited in an audit and, consequently. I do not express an audit opinion on the accounts. Indepondent oxamlnorfs statemont In the course of my exaffmnation. no matter has come to my attention which gtves me reasonable cause to believe that in any material res¢1 the requirements" lo keep aOUnting records in accordan wth section 44(1) (a) of the 2005 Act and Regulation 4 of Ihe 2IXI6 Accounts Regulations. and to prepare accou nts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulakn'ons have nol been met. or 2. to which. in my opinion. attention should be drawn in orderto enable a proper understanding of Ihe accounts to be Teached. Slgnod: ............................................................ Sue Bennett21 Dounehill JedbuffJh TD 8 6LJ Date: ................... Relevant profe¥slonal qualificatlonls) or body: ACIE & Dip Business & Finan io
Annual Repon 8 F117ancial Siaiefflenls for Ihe yeaF en(Jw 31Y December 25 Scollish Ch*sly No SC0213)8 Independent Exavniner's Report on the Accounts Report lo the trustee5 of Scollish Text setY Regislefed charity nurnber SC02 1308 On the accounls of the charily lor the penod lo 30" December 2025 Sel out on Pages 7 10 9 Respective responsibililies of trustees and examiner The charity's Iruslees are responsible for the preparation of the accounls in accordance with the terms of the Charities and Truslee Inveslmenl {Scollandl 20Q5 Acl and the Charities Accounts IS¢otland} Regulations 2006. The chafily Iruslees consider Ihal the audit requirement of Regulation 10{11 (dl of the Accounts Regulations does not apply 11 Is my responsibi5ily lo examine Ihe accounts as required under section 4411) (c) of the Aci and to slate whether particular matters have come to my attention. Basis of independent examiner's staiement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scoilandl Regulations 2006 An examination includes a review of the accounting records kept by the charily and a comparison of the accounts presented with Ihose records. 11 also includes consideration ol any unusual items or disclosures in the accounls and seeks explanations from the Iruslees concerning any such mallers. 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 Ihe accounts. Independent examiner's ststement In the course of my examinalion no maller has come lo my altenlion which gives me reasonable cause lo believe Ihal in any material respect the requireents". lo keep accounting records in accordan with section 44(11 lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and lo prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been mel. or 2. to which. in my opinion. allenlion should be drawn In order lo enable a proper understanding of the accounls to be reached Signed: Sue 8ennell 21 Dounehill Jedburgh TD 8 6LJ Date.. L.¢f Relevant professional qualification{sl or ts(Y- ACIE & Dip Business & Finance SU