APPENDIX 2 **SC** ## **Section B Statement of balances** |**Categories**
**Signed by one or two trustees**
**on behalf of all the trustees**
**B3 Other assets**
**B5 Contingent liabilities**
**B4 Liabilities**
**B1 Cash funds**
**B2 Investments**|**Details**|**Unrestricted**
**funds**
**to nearest £**
**2,824**
**59,947**|**Restricted funds**
**to nearest £**|**Expendable**
**endowment**
**funds**
**to nearest £**|**Permanent**
**endowment**
**funds**
**to nearest £**|**Total current**
**period**
**to nearest £**|**Total last period**
**to nearest £**| |---|---|---|---|---|---|---|---| ||Cash and bank balances at start of year|||||**2,824**|**3,773**| ||Surplus / (deficit) shown on receipts and
payments account|||||**59,947**|**949)**
**(**| |||||||**-**|| |||||||**-**|| ||**Cash and bank balances at end of year**
(Agree balances with receipts and payments
account(s))
**Details**|**62,771**|**-**|**-**|**-**|**62,771**|**2,824**| |||-|
-|
-
**Fund to which**|
-
**asset belongs**|
-|
-| |||||||**Market valuation**
**to nearest £**|**Last year**
**to nearest £**| ||Core Collectionof|||||**1,078,448**|**1,198,276**| ||Gerald OgilvieLaing's||||||| ||ArtisticEstate||||||| ||||||||| ||||||||| ||**Details**||**Fund to which**|**asset belongs**|**Total**
**Cost (if available)**
**to nearest £**|**1,078,448**|**1,198,276**| |||||||**Current value (if**
**available)**
**to nearest £**|**Last year**
**to nearest £**| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||**Details**|||**Total**
**Fund to which l**|**-**|
**-**|
**-**| ||||||**iability relates**|**Amount due**
**to nearest £**|**Last year**
**to nearest £**| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||**Details**|||**Fund to which l**|**Total**
**iability relates**|**-**|**-**| |||||||**Amount due**
**(estimate)**
**to nearest £**|**Last year**
**to nearest £**| ||||||||| ||||||||| ||||||||| ||**Signature**|||**Print Name**|**Total**|**-**|
**-**| ||||||||**Date of**
**approval**| ||||||||| ||||||||| / Statement of balances 1 December 2007 APPENDIX 3 OSCR Scottish Charity Regulator Inde endent examiner's re ort on the accounts Report to the trusteeslmembers of Charty name he Gerald Laing Art Foundation Registered charity number On the accounts of the charity for the period SC 034327 Period start date Month Period end date Month Year 024 D8 Year 25 Set out on pages rEM￿nber10 Ind￿le pa nbers ol a(jdrt￿nal theetsl Respective responsibilities of trustees and examiner The charity's truslees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl 2005 Act and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10{1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44{1) (c) of the Act and to state whether particular matters have come to my attention. My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the 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 the 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. In the course of my examination, no matter has come to my attention [other than that disclosed on the attached page'] Basis of independent examiner's statement Independent examiner's statement which gives me reasonable cause to believe that in any material respect the requirements" to keep accounting records in accordance with section 44(1 } (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting ￿ordS and comply with Regulation 9 of the 2006 A¢￿untS Regulations have not been met. or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date: Signed: 8th Decernber 2025 Name: Relevant professional qualification(s) or body (if any): Chartered A330ciation of Certif led Accountant3 Address: Myrtle Hou3e High Street Henf ield West Sussex BN5 9DA "P￿ase delete the wcwds in the brackets rf they th) ml appty. If the I￿)rts do apply, sel out Ih)se matters which have come lo your atten￿n on the following page. APPENDIX 3 Disclosure section Only complete rf the examiner needs to highlight material problems. Give here brief details of any items that the examiner wishes to disclose APPENDIX 1 oscr Period start date Month Yoar April 2024 Peri¢)d end date Month Year March 2025 Da Da 31 From To Office of the Scottish Charlty Regulator Reference and administration details Charlty name Oth•r names charlty Is known by Reglstered charlty number Charlty's prfnclpal address Gerald Laing Art Foundation GLAF SC034327 Kinkell Castle, Dingwall, Ross-shire. Postcode IV7 8AT Names of the charlty trustees on date of approval of Trustees, Annual Report Office (If any) Dates acted If Name of person (or body) entitled to appolnt trustse (If any) Trustee name Trustee Trustee 10 11 12 13 14 15 16 17 18 19 20 APPENDIX 1 Reference and administration details Namés of all other charlty trustées durlng thè p8rlod. If any. (for example. thosè who reslgned part way through the flnanclal perlod) Dates acted If not for whole year Structure, governance and management Type of governlng document Deed of Trust Trustee recrultment and appolntment Objectives and activities Charitable purposes For the advancement of the arts, culture and heritage. Summary of the maln actlvltles In relatlon to these objects The Gerald Laing Art Foundation owns the 'Core Collection. from the Estate. Throughout the year. the out Foundation is responsible for the upkeep of the archive. loaning out of these VA)rks. Also the foundation assists with any research form the extensive archival material. The Foundation also owns all plaster moulds and casts, from which a fee wlll be charged for the use of the plasters and moulds, payable to the Foundation. APPENDIX 1 Achievements and performance Summary of the maln achlevements of the charfty durlng the financlal perlod The Gerald Lainq Art Foundation maintained the core collection throughout the year. The Gerald Laino Art Foundation received royalty payments for the re- production of various sculptures. Financial review Brief statsment of the charlty's pollcy on reserves The charitys policy on reserves is to raise money to support the Foundation to pay all necessary costs and fees and to make donations or award (should there be a surplus) to a worthy cause that the trustees see fit. Detalls of any d•fflclt Donated facllltles and 8eNl¢es (If any) APPENDIX 1 Other optional information Declaration The trustees declare that they have approved the trustses, report above. Slgned on behalf of the charfty's trustees Slgnature(s) Full name(s) Posltlon {é.g. Chalr) Trustee Date 8th December 2025