REGISIERED CHARITY NUMBER: SC033930
Re
HI hlaiid Muse
of Childhood
ijn15al

hl
Museum ol Child
A Scotts'sh Charitable Inco
an
rated
Cont
or the Ye
anoal Slaiem
nded 31 Ma
Page
Report of the Trusiees
IndeperKlenl Examinerfs Rep
Statement of Finanoal Activities
Balance Stheet
10
Notes to the Financial Slatwnents
11 to 18
Detailed Statement of Financ4al Activitses
19 to 20

hland Museum of Childhood
A Scottish Charitable Inco
orated
Or
on
Re
of the T stees
for the Year Ended 31 March 202
The financial slaiemenls have been Prepared in accordance wryth the accounting policies sel our in
note 110 the accounts and comply wrth the Charities and Trustee Investment (Scolland) Act 2005,
Ihe Charities Accounls (Scolland) Regulations 20￿ (as amended), and Accounting and Reporting
by Charities'.statemenl of Recommended Practice applicable to charities preparing their accounts
in accordance wlh Ihe Finanaal Reporting Standard applicable in the UK arKI Republic of Ireland
published on 16 July 2014 (FRS 102}.
OBJECTIVES AND ACTMTIES
Objectives and alms
The main aims of the charily are..
1. AdVan￿rnent of heritage and ajlture relating to mainly the history of thildhood Nmlhin the
Highlands area (and Islands if relevant) also to the local history of Slrathpeffer.
2. Advancement of education in relation to the hi$tw of ch51dhood within the Highlands area (and
Islands if relevant).
3. The preservation of the Museum and rts colleciions and to mak8 them fully accessible to
everyone.
Strntegic Objectlves
Detailed operational aims and objectives are reviewed and rewsed each year and detailed in the
organisation's Strategic Plan, having regard for areas such as sustainability and general
operalions, colledions management. workforce devetopment and engaging v4ith audienc4s.
From the Strategic Plan covering the period 2024-2027,
the following objectives were set for 2024-2025:
- Maintain and explore now methods of income generation.
Establish new commercial lease document for us8 With Old Slation tenants.
Progress through the reaccreditation process to retain Accredited Museum status.
Develop action plan and explore funding opportunilies for Building Repair & Preseplation Project.
Continue to develop Ihe museum ￿k[orCe through support of existing Vbrrkforce and
recruitment of new volunteers and Irustees.
- Engage Kith the local communty by offering a programme of events for a range of audiences.
Page 1

hland Museum of Childhood
A Scollish Charitable Incor
orated
Or
anisalion
Re
orl of tlie Trusiees
fof tlie Year Ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Financial Sustainability and Resilience
The museum continued to demonstrate resilience throughout the year, adapting lo changing
circumstances while ensuring a stable financial posilion. The current account balance of
un￿StriCted funds fluclualed belween £10,000 and £14,000 across the year, wilh an addition81
£21,000 held in reserves. Reslricled funds were effectively managed lo support dedicaled projects,
including workforce development and drafting of legal documents through the EDF Corriemoillie
Communily Fund and the MacKenzie New York Villa Trusl Fund, Gaelic language development
through Museums Galleries Scolland and Bord na Galdh1￿, and exhibition development through
Ihe Royal Society.
Utilily managemenl and $￿e mainlenance were ongoing priorilie5. The S￿￿1¢h lo Oclopus Energy in
July 2024 delivered projected sawngs of around £1,000 annually, vthile progress knlith Highland
Broadband aimed to improve digital connedivity across the Old Slalion sile.
The museum's tenanls continued to contribute posilively to the site's vrbrancy. New landlord
responsibilities resulted in energy and asbestos surveys across the site to enable acquisition of
ne￿SSary certific£les. While the café lease remained under review for much of the year, new café
tenants delivered a welcoming service throughout the peak season bul te￿nInated tenancy at the
end of the financial year ending in March 2025. Station Trading shop and True Beauty salon both
renewed their one-year licences.
Externally, the museum's repulation for professionalism and community involvemenl was
strengthened through participation in regional partnerships, induding Museums and Heritage
Highland (MHH) and several joint funding initiatives. The museum's OSCR, HMRC, and payroll
obligations Vlere consistenlly met, and Highlife Highland's SeNice Level Agreement continued ￿th
success, providing continued funding support of £6,272 for 2025.
Page 2

hland Museum of ChiloThood
A Scottish Charitable InGo
ale
anisaiion
ort of Ihe Trustees
for the Year Ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
Worfrfor¢e Development
Volunteer engagement remaned at the heart of the museum's activty. Regular volunteer sessions
SUPPOrted b)Ih fronl-ol-house operations and behind-th&scenes collections work. The Volunleer
Garden Group reconvened in spriro 2024. manlaining Ihe outdoor spaces throughout year.
Funding from Ihe EDF Corrierrnillie Comrnunity Fund supported a range of workforce initiatives,
including volunteer Irainiro, a regional nelworkng day, and ongoing collaboration with Dingwall
Museum. Exchange visits were arranged to Sha￿ best pracaice in objed entry and colledions care,
while volunteer Chn'stmas ar#J social gatherings helped rnaintan a strong sense of community.
The museum also benefited from the ccntributions of new skilled ind'viduals in June 2024. Retired
ieactter Parnela Mcclelland shared knovAedge and eXperie1￿e through school iisits and thildren's
aoivities, ￿lIst ￿tired Witage trustee Peter Anderson helped prOg￿s$ cataloging and
d0￿Menta￿on Mork. These efforts, al￿gsIde steady recruitrnent and retenti￿. have enhanced
boih Ihe museum's capaoty ar￿ the quality of visitor experi￿Ce.
The 8oarcl of Trustees c￿nI1)ued to wC￿k as a slrong and effectjve management unit throwjhout
Ihe year and welcomed ￿ 10 the Board in January 2025. The entire
museum community was saddened by tr)e passng d longstanding trustee,
in
February 2025. ￿ had been a driving force in Ihe museum's establishment In the eany 1990s
and continued lo demonstrale his staunch SUPFQrt and advocacy for the museurn and Old Statson
right up untj'l his passing
Training arKI professional development conlinued through participaiion in sector projects. Staff
attended a Highland Heritage nets￿rkIng day and a Royal Society netvK)rkirvJ eveni in Edinburgh
and contributed to mulli-museum Initiats'ves such as Augmented Reality, G￿lIC Develownent,
and Visit Scotland Tourism proiacts. These partnerships have provided not only skills and insights
but also nthv opportuniti•s for digital engagemenl, audience developmenl. and community
wellb&ng.
Exhibitions and Collections
For the 2024 season. Ihe museurn's displays b%ere refreshed wilh to-cxjralion from Ihe museum's
volunteers. those new objects for th'srAay in Ihe
of doms. soft toys arKI games from
displtyiro a 3eleGtK>n
co lection Ihal founded the museum.
Other notable installalions induded Ihe gianl Tudor dolls, house donai6d by Ihe late
and a redisplay of the Birth and Beliets exh1brt1c￿.
Collection5 managemem and ac(Teditalion I￿1k rèrnained in order. museum continL*d lo
work Mth Museums Galleries Scotland on rts accTrdilation rgnevral application and y￿rked on
finalising updated polioes and docurnentation by year end. Notable acquisitions included an earty
Simon & Halbig doll. a homemade 19405 doll's pr8m. and a range of donations from Mabel
MarAulay, induding domestic objecls linked to island &'fe. In tolal, the rnuseum received fcrty-eight
objects from IN*lve donors through the cowse ol thè year.
Preparations We￿ also made for the large ￿treqUeSt. scheduled for colledion from
Aberdeen at the erKI of 2024. This donat￿r, womises to enrich the museum's collections
synificantjy, as I￿11 as contributing to the museum's financial resilience through a gifted financial
legacy Volunteers have toen activety engaged in sorting, cataloguing and dccumenlation of this
new collection.
Page 3

hland Museum
f Childhood
A Scollish Chanlable Inco
orated
anisal￿n
Re
ort ol the Trustees
for the Year Ended 31 March 2(Y25
ACHIEVEMENTS AND PERFORMANCE
Leaming and Engagement
Leaming and engagement remained vibranl throughout the year, despite nucluating bisitor
numbers across the summer season Bet￿n May and Augusl 2024, Ihe museum V￿1¢0med over
150 visitors, with a slight dip in litheled income bul steady donations and strong school
engagemenl. The addition of digiial donalion opt￿nS Nia QR codes and a rene*td push for Gift
Aid daims helped suslain income levels.
A ￿de range of ￿)rkshopS and public events ￿tre deliNtred, induding the Easter Trail, Teddy
Bear's Picnic. Puppet Making, Mini Beast Safari. ar￿ seasonal favY)uriles such as Halloween crafts
and vKeath-making ￿Orkshops. The museum also partiapale<l in regional events, ir)cluding the
Strathpeffer Community Science Fair, a Places of Srience mini-exhibition on peal and
Victorian hearth altraded signÉficant engagement.
Educational visits continued to gr(M, sctrmls from Strdthpeffer. Kiiieam. and Dornoch
participating in visits or resource loans. The museum also hosted group sessions for WRI groups
and private bookings, helpirKJ to extend corrrfnunrty reach.
Collaborative projects added deplh to the nwseum's leaming offer. The Gaefic Development
partnership *ith Gairloth, Applecmss, and West H￿hland Museums continued, attracting new
relakn'onships ￿1th Bun-sgoil Ghaidhlig Inbhir Nis (Inverness Gaelic Primary School), Bun-sgoil
Ghaidhlig Phort Righ (Portree Gael￿ Prsmary School), Bun-sgoil Ulapuil (Ullapool Primary Gaelic
Medium Department). all visrted the museum. The projed also produced plans to curate
bilingual resources and an exhibilion thal explores the Gaelic language in education and chiklhood
for installatiL)n during the winier of 2025. The museum also supported the Invemess Castle
Redevelopment Project, due to open late 2025, providing 3D srans of 'Jill's B￿gin,. a doll's uoft
house. for inclusion in a digilal storybook of Highland heritsge.
Through these inits'atives, the museum strervJlhened its role as both a cunural and so(aal space
ere hist¢xy. creativity, and vRllbeing intarsecl fof people of all ages.
FINANCIAL REVIEW
Financial position
In the year under review the dHnty rnade a defial of £2.725 (2024. £4.394) on unrestricled funds.
A surplus of £3.130 (2024 - £1,471) ￿a5 recorded on restricted funds. At the year end the charity
had £29,240 (2024. £31.965) of Unrestri￿ed funds, of ¥thich £28.7C6 held in the bank. The
were £385,556 (2024, £382.426) of restricted funds, most of ￿￿ch vrds represented by fixed
assels, particularty the buildings at Slrathpeffer.
Investment policy and objectlves
Under the conslitution, the chanty has the po*er to Inve￿ in any w Ihe trU￿ee5 see fil.
The Trustees, having regard to Ihe requirements of operational acti¥ities and future development
costs, have operaled a reserves polw of keeping aVaila￿e funds in a savings a¢xount and seek to
athieve a rate of deposit interest vthich matches or exceeds inflation as measured by the retail
pri￿ index. Due lo the unstable financial dimate during the year, this objective has not been
athieved.
Page 4

hland Museum of Chihdhood
A Scoltish Charitable Inco
rated
anisation
ort of the Trustees
for the Year Ended 31 Ma
02
FINANCIAL REVIEW
Reser4*es policy
The trustees have eslablished Ihe level ol reSer￿S (that is those funds Ithich are freely available)
that the charity should hold.
The actual reserves at 31 March 2025 ￿ere £29,240 (2024 £31,965) in unrestricted reseNes.
Total costs of charity in 2024-25 b*re £37,227 and Iherelore the charity has around 9 monlhs
ol Costs held in reserves ￿re rt to suffer a sudden loss of fuTrJing and required to make an
emergency plan.
The trustees are satisfied with the current level of free reserves.
FUTURE PLANS
In 2024, the Board of Trustees established a new three-jear Strategic Plan, coveriry the period
April 2024 to March 2027, having regard for areas suth as sustainability and general operations,
collections management, 7•y)rf(force development arKI engaging *ryth audiences.
From the Slrategic Plan covering period 2024-2027, the follo￿￿n9 obJ"ectives ￿Te set for
202&2026'.
Improve FinancFal Suslainabilrty ty.. 1) Regularly monitoring income & expenditure, 2) Creating
opportunities for new income generation, e.g. Travel Trade Bookings. annual raffle 3) Maintaining
opportunities for regular fundraising. e.g. markets. vnrkshopgevents.
Improve Structural Resilien￿ by: 1) Establishing scope of w)rks ne￿$Sary for building
preservaticm. 2) 1dentrfw.ng possible funding sources fly necessary
Maxirnise Potential of Collecti¢￿ by: 1) Refreshing museum exhibitions, 2) Exploring
opportunities for interpreting tX•Uedion in a variety of ￿aYs, e.g. digital. audio, visual, 3) Collaborate
ith other organisations to share skills and resources.
Improve Wod(forc* Resilien￿ by. 1) Recruiting more ￿)lUnte￿5, 2) Exploring opportunities for
support staff, e.g. leaming & engagernent *KI volunteer support, 3) Conlinue opportunit￿3 for
volunteer development. e.g. training, exchange visits, peer to peer support.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Highland Museum of Ch￿dhoOd became a Scottish Charitable IncorFK)rated Organisation
(SCIO) on 10th Odober 2019. Previousty charity Wds constrtuied as a cornpany limited by
guarantee and govemed by its mernorandum and Artides of Association datod 7 January 2CIJ3.
The charity is now govemed by its cC￿st11UI10n dated 1 Oth Oca(knr 2019.
Recruitment and appointment of new trustees
Under the requirements of the Constilution, new Trustees may be elected as c&opted rnembers by
the Board of Trustees al any Board Meeting. When considering cTropting Trustees. the Board has
regard to the requirement for any speaalist skills needed. At every AGM, new Trustees may be
appointed as eleded by the Board. Trustees may serve on the Board for up to three years, after
which it may be the Members, and Trusiees. express desire to r&eleth immedialely thal Trustee to
the Board for a further three years. There must be a minirnum of 4 and a maximum of 8 members,
one of whom musi be nominaled as Chairperson of the Board by members.
Page 5

hland Museum of Childhood
A Scottish Charitable Inco
oraied
anisalion
Re
orto
Ihe Trustees
for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structUfP
The Board meets six-weekty to review perfomwnce and agree objectives. A Curalorlmanager is
appointed by the Board lo manage Ihe day-to-day operations of the charity. To facilttate effective
operations, the Curatorlmanager has delegated authority for operational rnatters including finance.
employment, and museum-relaled activrty.
Induction and training of new trustees
New Trustees are invited to a tour of the Museurn and di$¢￿SSIonS aboth the Trusl with Ihe
Museurn Managerlcuralor. They are presented vAth a Trustee Pack,, consisting of the
Conslilulion, organisalion's Slralegic Plan, recenl FinancRI Perfwnance Reports and guidance on
Ihe Board's meeling and decisior￿MakIng processes. Trustees are encouraged lo attend
appropriate external Board Devel¢)pmenl training evenls. kntsre these ￿111 faoliiate their role.
Wider networt¢
The organisation is supported by an annual revenue grant from High Life Hyhland, linked to a
SeNce Level Agreement (SLA), monitored by annual returns and Statutory Perforniance
Indicators (SPIS). It is also fulty ac£redited through the Acc￿lia110n Scheme for Museums in the
UK and wDrks closely ￿1th the regulatory body, Museums Gallerie5 Scotland, to maintain national
industry standards. The organisation is a member of the Association of Independent Museums and
Museums and Heritsge Highland, herrtage nellwrk and in dose partnership with
strathpeffer Community Development Trust, fellcm HighlarKI museums. and olher regional and
national groups and organisations working to promote education. heallh and wellbeing for
individuals of all ages and abilities. The Museum's Curatorlmanager is a member of the Museums
Association (MA) and the Group for Educalion in Museums (GEM).
Risk management
The Trustees have a risk management strategy wnprises..
a} An annual rewew of the strategic plan, V•ith regard for prospective risks and Ihreals to Ihe
chartty.
b) The establishment ol systerns and ￿CedureS to mitigate those risks identified in the plan.
c) An annual rewew of prewous income and expendrture and esLiblishment of an annual budget.
d) P￿Parats.0n and revithv of regular finan081 m￿lIOring reports.
el An up-t¢>date Th'saster Plan.
Q Maintenance of a contingen￿ Fund.
REFERENCE AND ADMINISTrATIVE DETAILS
Registered Charity number
SC033930
Princlpal address
The Old Station
Slrathpeffer
Ros&shire
IV14 9DH
Page 6

410 'art Mu"Ee￿rrl oi
Cttatsble In(
.rnisab2n
fcr the Year ded 31 Marth 2025
Independent Examin•r
Chartered ACO)uniarts
Unit 8
Colspie Business Pat
olspie
Suthertand
KW10 6U8
SofieitQfS
MxLeog & Maccaium
So￿&1015 8 Estate Age
28 Queensgate
Inveffless
IV1 1YN
Banker5
Royal Bart of Scol
Ffjgh street
Einwall
IV15 9HA
Approved by order of ts tx)ard of trustees on .
behalf by.
and signed on its
Page 7

IneeJendeY Ex&nir￿rf5 Re
nd Museurn ol
n io the Trustees of
I report on the accounts fcK the year erKle(131 Marth 21)25 sei out on pag8s nine to eighteèn.
Re8pective rnsponllbilities of tru•t•as and exarnlner
The charity's Irustees are re3w)nsible lor ltte wepara1￿n ol the accotmts in 8cwrdanee with the
tems of the Charilies and Trustee Inveslrnent (Scotlandl Aet 2005 and Charities Actounts
(Scdland) Regulat￿nS 2006 (as aM￿ded). The thaptys trustees consider Ihai the audit
rèquiremenl of Regulation 10(1 Ila! lo (c) of Acc(AJnt5 Regulations does not apply. It is ry
responsibility to examine accounts as required under Secticn 44(11(c) ol th• Act and to stale
ether particular matters have come to ry attenlirn.
Bagis of the independenl examlnefs report
My eXaminat￿n ￿ds camed ￿1 in acccydance R￿u}StIon 11 of the Charities Accounts
Iscoiiand) Regulat￿n$ 2006. An examination includes a review of the accountin9 reGords kept ty
the charity arKa a comparison ol &counts pyesemied Imlh th)se records. 11 also indudes
nsideration of any unusual rtems or disdosures in the accounts, and wking explanations from
you as Irusiees concemiThJ any such matlers. The procedures undertaken do nol provide all Ihe
iden￿¢ Ihat w)uld be required in an aJdiL and consequenuy l (*) noi ewess ar. audit opinion oft
the vithv given by Ihe &counls.
Indep•nd@nt exarnin•rfs slat•m•nt
In connedicn with my examnatK)n. no matter has come to my attention '.
(1) ￿1th give$ me reasonablé tsuse to Weve Ihat. in ary matarial r8spect, the requrements
to keep ac¢oJntng recy)fds in aCCord￿ce SeclTh 44{11(a) of the 2005 Ad and
Regulai￿n 4 of Ihe 2C￿ Accounts Regulations.. and
lo prepare accounts accfjrd wth the accountiThJ r￿d$ and *• compty *ith R•gulation
8 01 the 21>J6 Accounts Regdations
have not teen ff*t: or
(2) to which, in my opinion, attention should be dr￿ in Cfder to ￿able a proper urmlerslanding
ol the ￿C￿nIS lo be reKhed.
ns
ered Accwntanls of Scotland
Mackay & Co
Chartered Accountsnts
Golspie Busirnss Park
Golspie
Sulhertand
KW10 6UB
241)
Page 8

hland Museum of Cliildhood
A Scoltish Chanlable Inco
orated
anisalion
Statemenl of Finanoal Activities
for the l'ear Ended 31 March 20
31.3.25
Total
funds
31.3.24
Tolal
funds
Unreslricled Reslricled
fund
funds
Noles
INCOME AND ENDOWMENTS FROM
Donations and ￿gaCleS
4,082
476
4,558
1,519
Charitable activitiès
Preservation and display
14.047
18.891
17,963
Olher Ir8ding activities
Inveslmenl in¢XJme
16.076
297
16,076
297
16.332
279
Total
34,502
5.320
39.822
36,093
EXPENDITURE
Raising funds
1,324
Charitable activlties
Preservalion and display
36,563
2.190
38.753
37,692
Total
37.227
2.190
39,417
39,016
NET INCOMEI(EXPENDITURE)
(2.725)
3,130
405
{2,923)
RECONCIUATION OF FUNDS
Total funds brought forward
31,965
382,426
414,391
417,314
TOTAL FUNDS CARRIED FORWARD
29,240
385.556
414,796
414,391
The notes fm part of these financial statements
Page 9

hlaiid museu[￿ ol Childhood
Ilish Charitable In
r8ted
anisaiion
Balance Sheet
31 Marth 2025
31.3.25
Total
funds
31.3.24
Toiai
funds
Unrestricted Restri(a*J
fund
funds
Notes
FIXED ASSETS
Tangitle assets
3W.751
3￿,751
380,831
CURRENT ASSETS
Slocks
C8sh al bank and in hand
10
1,883
28.71
1,694
33,083
4,805
33.511
4,805
35,394
CREDITORS
Amounts lalling due Ythhin one year
11
(1,349)
(1,349)
(1,217)
NeT CURRENT ASSETS
29,240
4,￿5
34,045
33.
TOTAL ASSETS LESS CuRR￿T
LIA81LITIES
29,240
385,556
414.796
414.391
NETASSETS
29,240
385.556
414.796
414.391
FUNDS
Un￿￿ncIed funds
Resin¢aed funds
12
29,240
385.556
31,￿5
382,426
TOTAL FUhr)s
414.796
414,391
The financial statements FAere approved by the Board of Tnjstees and auth)ri5ed for issue on
. and v*re signed on Fts behalf by..
The notes form part of these financial statements
Page 10

hland MJI seurr of Chi':dlood
A Scottish Chantable Inco
oraled
anisation
Notes to the F
ancial siatemenls
for the Year Ended 31 Marcli 2025
LEGAL STATUS OF TrIE CHARITY
The charity is consliluled as 8 Scollish Charitable Incorporaled Org8nisation.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The Iinancial statements of Ihe charity. wh￿h is a public benefit enlity under FRS 102, have
been P￿Pa￿d in accordance wlh Ihe Charities SORP (FRS 102) 'Accounting and Reporting
by Charities Stalemenl of RecoMff￿nded Practice applicable lo charities preparing their
accounts in ac£ordance wth the Finanaal Reporting Slandard applicable in the UK arKI
Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102
'The Financial Reporting Standard applLgble in the UK and Republic of Ireland, and the
Charilies and Trustee Investment (Scolland) Aca 2005. The financial statements have been
prepared under the historical cost convenlion.
Income
All income is ￿cOgniSed in the Statemenl of Financial Activities once the charity has
enlillemenl to Ihe funds. il is probable thal Ihe income will be received and Ihe amount can
be measured reliabty.
Expenditurp
abilities are reo)gnised as expendrture as %)on as there is a legal or constructNe obligation
committing the charity to that expenditure, it is probable that a Iransfer of economic benefits
ill be required in settlement and the amunl of Ihe obligalion can be measured reliabty.
Expenditure is accounted tor on an acCA￿lS basis and has been dassified under headings
that aggregate all cosl related to the category. whe￿ costs canrK)t be di￿dIY attributed to
partiojlar headings they have been allocated to acti￿tieS on a bass consistent )hilh the use
of resources.
Tangible fixed assets
Dep￿ciall0n is provided at the fouothing annual rates in order to *Tite off each asset over ils
estimated useful lrfe.
Fixtures and fillings
10% on reduang balar
Stocks
Stocks are valued at the lower of cost arKI nel ￿alISable value. after making due all0￿￿nCe
for obsoletè 8nd slow rrK4virKJ items.
Taxation
The charity is exempl frfxn tax on its chantsble activities.
Fund accounting
Unresiricted funds can be used ￿ aco)rdance Mlh the tharitable objecaives at the disueiion
of the trustees.
RestrtfAed funds can only be used for particJJlar restrirAed purposes ￿1th1n the objects of the
charity. Restrictions arise wthen specified by the donor or ￿en funds are raised for
particular reStr￿ted purposes.
Page 11
continued...

hland Museum of Childhood
A Scottish Charitable Incor
rated
anisation
Notes to Ihe Financial Stalements - coniinued
for the Year Ended
1 March 2025
ACCOUNTING POLICIES - continugd
Fund accounting
Further explanation of the natu￿ and purpose of each fund is induded in the notes to the
financial statements.
Pension costs and other post-retlrement benefits
The charity operates a defined contribution pension stheme. Contributions payable to the
charity's pension scheme are charged 10 Ihe Slalement of Financial Acliwlies in Ihe period
lo thich they relale.
Flnancial instruments
The charity has onty financ481 assels arvj financial li8bililies of a kind Ihat qualify as basic
financial instruments. Basic finantial insirumenls are initially recognised at transaction value
and subsequenlty measured at their settlement value wth the exception of bank loans thich
are measured al amortised cosi using the effective interest rate mettM)d.
OTHER TRADING ACTMTIES
31.3.25
31.3.24
Fundraising events
Rent81 of units
Hire of rooms
Shop income
212
12,993
890
1,981
429
11,586
1,139
3,178
16,076
16,332
INVESTMENT INCOME
31.3.25
31.3.24
Bank interest
297
279
Page 12
continued...

hland Museum of Childhood
A So)iiish Chari
able Inco
orated
anisalion
Notes
he Financ
Slalemen15 - ￿ntInued
e Year
nded 31 March 2025
INCOME FROM CHARITABLE ACTIVIIIES
31.3.25
31.3,24
AclNtty
Admission charges
Preservation and display
Events & activilies fees PreseNation and display
Grants
Preservalion and display
6,141
1,634
11,116
6,091
1,786
10,086
18,891
17,*3
Gr8nts re￿ived, included in the above, are as follows..
31.3.25
31.3.24
Foundation Scotland
Highland Highlife
The Royal Society
1,6
6.272
3,244
3,814
6,272
11.116
10,086
TRUSTEES, REMUNERATION AND BENEFITS
There were no Irusiees, remuneration or Ot￿r benefrts for year ended 31 March 2025
nor for the year ended 31 March 2024.
Trust•es' expens8$
There were no trustees, expenses paid for Ihe year ended 31 March 2025 nor for the year
ended 31 March 2024.
STAFF COSTS
The average montNy number of employees during the year wa5 as follows:
31.3.25
Museum manager
31.3.24
No employees received emoluments in eX￿sS of £60,OCX).
Page 13
continued...

hland Museum of Childhood
A Scotlish Charitable Incor
Ofated
anisation
Notes to the Financial Statements - continued
the Year Ended 31 March 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unreslricted Restricted
fund
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,519
1,519
Charitable activities
Presetvation and display
14.149
3,814
17,963
Other trading activities
Investment income
16.082
279
250
16,332
279
Total
32,029
36,093
EXPENDITURE ON
Raising funds
1,324
1,324
Charitable activlties
PreseNation and display
35,099
2,593
37,692
Total
36,423
2,593
39,016
NET INCOMEI(EXPENDITURE)
Transfers between funds
(4,3941
63
1,471
(63)
(2,923)
Net movement in funds
(4,331)
1,408
(2,923)
RECONCILIATION OF FUNDS
Total funds brought foThvard
36,296
381,018
417,314
TOTAL FUNDS CARRIED
FORWARD
31,965
382,426
414,391
Page 14
continued...

hland Museum of Childh d
A Scottish Charitable Inco
oraied
anisalion
Noies to the Financial Statements -
for the Year Ended 31 March 2025
nlinued
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Totals
COST
At 1 April 2024 and 31 March 2025
380,033
36,682
416,715
DEPRECIATION
At 14)ri12024
Charge for year
35,884
35,884
At 31 March 2025
35,
35.964
NET BOOK VALUE
At 31 Marth 2025
380,033
718
380,751
At 31 March 2024
380,033
380,831
10. STOCKS
31.3.25
31.3.24
Stocks
1,883
11. CREDITORS: AMOUNTS FALUNG DUE MTHIN ONE YEAR
31.3.25
31.3.24
Other creditors
1,349
1,217
Page 15
continued...

hland Museum of Childho
A Scollish Cliarilable
nco
orated
tion
otes lo
Financial siatements - continued
for the Year Elided 31 March 2025
12. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.25
Al 1.4.24
Unrestricted funds
General fund
31.*5
(2.725)
29.240
Restricted funds
Fixed Assels
Corriemollie Waste
Corriemoillie Workforce
Developmenl
Legal fees granl - c￿nemo1111e
PB Collection
Places of Science
380,831
{80)
380,751
1,509
(590)
160
396
3,244
919
160
396
3,244
382,426
3,130
385,556
TOTAL FUNDS
414.391
405
414,796
Nel movement in funds, included in trft above are as follthvs..
Incoming Resources Movement
resources
expended
in fund5
Unrèstrfcted fund$
General fund
34,502
(37,227)
(2,725)
Restrict•d funds
Fixed Assets
Corriemoillie Workforce
Development
Legal fees grant - Corriemoillie
P8 Collection
Places of Science
(80)
(80)
(590)
(1,440)
(80)
{590)
160
396
3,244
476
3,244
5,320
(2,190)
3,130
TOTAL FUNDS
39.822
(39,417)
405
Page 16
continued...

hland Museum of Childhood
A Scottisli Charit b
e Inco
or
anisaiion
led
Notes to the Financial Slalements - conlinued
for the Ye
r Ended 31 March 2025
12. MOVEMENT IN FUNDS - contlnued
Comparatives for movement In fundg
Nel
movemenl
in funijs
Transfers
betb%een
funds
At
31.3.24
Al 1.4.23
Unrestricted funds
General fund
36,2
(4,394)
31,965
Restricted funds
Fixed Assets
Corriemollie Waste
Corriemoillie Workforce
Development
CC Coronaiion
381,018
(89)
(98)
380,831
1,509
(35)
1,509
35
381,018
1,471
(63)
382,426
TOTAL FUNDS
417,314
{2,923)
414,391
Comparative net movement in funds, induded in the above are as folkyws:
Incoming Resources Movement
resour(*s expended
in funds
un￿stricted funds
General fund
32,029
(36,423)
(4,394)
Re8trict•d funds
Fixed Assets
Corriemollie Waste
Corriemoillie Workforce
Development
CC Coronation
(89)
(1,692)
(89)
1,778
2,036
250
(52n
(285)
1,509
(35)
(2.593)
1,471
TOTAL FUNDS
36,093
(39,016)
(2,923)
Page 17
continued...

hland Museum of Childhood
A Scottish Charitable Inco
orated
anisatio
es to the Financial Statemenls - contin
fort
e Year Ended 31 Marc
2025
13. RELATED PARTY DISCLOSURES
There were no ￿lated party transactions for the year ended 31 M8rch 2025.
Page 18