COMPANY REGISTRATION NUMBER.. SC288830 CHARITY REGISTRATION NUMBER: SC036883 Moulin Kirk Trust Company Limited by Guarantee Unaudited Financial Statements For the year ended 31st Oclober 2025 BK PLUS Chartered Certified Accountanls 26130 Bonnethill Road Pitlochry PH16 SBS
Moulin Kirk Trust Company Llmited by Guarantee Financial Statemenls Year ended 31 st October 2025 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to Ihe truslees Statement of financial aclivities (including income and expenditure account) Statemenl of financial position Notes to the financial statements 10 11 12
Moulin Kirk Trusl Company Llmlted by Guarantee Trustees. Annual Reporl (Incorporating the Director's Report) Year ended 31st October 2025 The truslees, who are also the directors lor the purposes ot company law, present their report and the unaudilod financial ststements ol Ihe charity lor the year ended 318t October 2025. Rgferenco and adminlslrativg delalls Reglstered charlty name Moulin Kirk Trust Charity regislralion number SC036883 Company registration number SC288830 Prlnclpal offlce and reglstered 51 Alholl Road offlce Pillochry Perthshire PH16 58U The trustees Mrs H Yourston Mr A Yourston Stewart Hall James Mailland Marigold Massie Gail Sinclair Linda Sinclair Michael Williamson Mr P Vivian IAppointed 29th April 20251 IAppointed 29th April 20251 IResigned 3rd December 20241 Independent examiner John McKerth B.A.IHonsl C.A.
Moulin Kirk Trust Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (cgnllnved) Year ended 31 st October 2025 Structure, governance and management Governing document The Trust is a charity registered in Scotland on 1 August 2005. The Charity was established under a Memorandum and Articles ol Association, which established the objects and powers ol the charitable Company and is now governed under ils updated Articles ol Association. Moulin Kirk Trust is a Scottish registered Charity Icharily Number SC0368831 with a legal status as a Company limited by guarantee with Company number SC288830. Due lo a change in their working practices, from 7th October 2024, J&H Mitchell Solicitors will cease to carry out Company Secretary duties lor the Trust. The Charity will ¢oniinue lo work ¥Mth J&H Mitchell in all e$5ential legal matters, ahOUgh has agreed not lo appoint an alternative Company Secretary, as this is not required under our Articles. The Directors, who were also the directors lor the purpose ol company law, who served durirrfj the year were.. James Mailland Gail Sinclair Linda Sinclair Stewart Hall Phil Vivian Mike Williamson (Appointed by Perth & Kinross Council 21 June 20211. Alan Yourslon Helen Yourslon Recruitment and appolntmenl of Trustees The Directors are all very closely associated with the running ot the Trust in practice. The Directors are familiar with and committed lo the Trusvs objectives and are in praclicg a significant part of the Trust's delivery resources. All Directors have copies ol our Articles ol Association and Copies ol the relevant OSCR publications. Any new Directors co-opted or elected will be given their own copies ol the Articles ol Association and made familiar with the relevant OSCR pubhcalions. They v4ill be asked lo indicate Ihal they understand their responsibilities as Directors. Almost all work other Ihan the physical adaption of the Kirk and the staffing mentioned below has been carried out by the Directors themselves, colleclively and individually. During this period Ihe Board rnet twice for official meetings, with numerous unofficial meetings throughout the year. Due to distance from the Kirk. some Directors attended several ol these meetings electronically. Inductlon and training of Trustees Most Trustees are already familiar with the practical work ol the ChaTily through direct involvement. Those who are not, are given an informal brielin9.
Moulin Kirk Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating Ihe Director's Report) (¢onHnv8d) Year ended 31st October 2025 Structure. gov9rnance and management (contlnuedj Risk assessment The Directors have assessed the major risks lo which the Trust is exposed and are satisfied that systems are in place lo miligale exposure lo the major risks. A major risk laced is the current condition ol the building housing the Pillochry and Moulin Heritage Centre. the main business model lo deliver the activities ol the Gharity- This is something Trustees are actively working on through a range ol responses bul is taking a major locus ol their time. Miligalions are in place lo protect the Trust's olleclion. The Charity's activities expose il lo a number ol financial risks including credit risk, cash flow and liquidity risk. Cash flow rlsk The Trusl&es are conscious ol the aim lo relain sufficient cash resourees lo meet the immediate requirements ol the Charity. Credlt rlsk The Charity's principal financial asset is ils bank balance. The Charity has no significant concentration ol credit risk. Llquldlty rlsk The Charity's liquid funds are kept in a bank aoUnt to enable it to service ils everyday financial needs.
Moulin Kirk Trust Company Llmited by Guarantee Truslees, Annual Report (Incorporating the Director's Report) (¢ontlnuedl Year ended 31 st October 2025 Objectlves and actlvlties The Objects ol the Trust are lo advance and promote the education ol the general public, and in particular the inhabilanls ol Moulin and Pilk)chry, in the heritage. history and culture ol the locality, by associating with voluntary organisations, local aulhorrties and other bodies, together with the local communities and those associated therewrth, in a common effort to create, maintain, develop and promote a museum andlor a centre lor local hislory, family history and genealogy. 2025 was again a difficult season lor the Charity in the operation ol the Pitlochry and Moulin Heritage Centre. This was due to the worsening condition ol the Kirk building, where Trustees decided that lor this season il would still not be sale lo open as normal to the public. The Charity are discussing various options, including housino part ol the collection in an allemalive venue leilher temporarily or permanenllyl, and opening the Kirk lo groups andlor individuals by appoinlmenl, subject lo lo VolunteerruSteg availability and safely briefings. Flsher's Hotel clarlflcatlon FLillowing the Trust's AGM in April 2025, it was noted by Trustees that there may still be some misunderstanding regarding the cessation ol the Heritage Cenlre's presence in Fisher's Hotel. It was decided by Trustees that while the Gladstone Floom was a solution lo our forced closure, il was always intended as a tèmporary measure, not a long-lerm alt&rnalive. At the end ol what is the traditional opening season lor Ihe Heritsge Centre 131 st October 20241, TrLJStees lully reviewed the sitLJalion, weighing up all pros and cons, and decided that the Heritage Centre should move out ol the Gladstone RtsoTn, with all artefa¢ls r&lurned lo Moulin. The reastsn for this was NOT based on a breakdown in communications or Telalions with Fisher's Hotel - Fisher's Hotel were in lacl pleased 10 have ihe rtsom back lor future evenls they had planned, and the Trusi moved out based on rhe financial and physical limitations ol remaining there lor a further season, or longer. Physlcal conditlon of the Kirk ConditlDns at the Kirk have not improved since the April AGM update. Due to a broken window pane on the upper balcony, pigeons were accessing the building, and roosting in the rafters. Despite being harmless in themselves, the mess they left was problematic in terms ol protecting the many artelacts still stored in the building. Trustees initially covered most ol the ground floor in sheèting while investigating possible entry points - this was located and successfully blocked up. solving the Issue overnight. All disrepair issues highlighted al the previous AGM (April 20251 remain a problem, and many will very likely worsen due lo the Dncoming winter weather. These include the many roof leaks, lalling masonry and root slates and the electrics. which have begn deemed unsafe. To dale, no action has been taken by the Landlord lo rectify oi remedy any issues that have been highlighted. Trustees continue to monitor the condit10n ol the Kirk hoyyever. and regular eleclnc meter readings are low due to only very limited healing lo maintain an even temperature inside the building lo protect artefacts. Engagement with the Landlord Following on from several years ol dillicull relations, and mora rgcentty ol complgle non-communicalion wilh the Landlord, Trustees look the decision lo attempt a 'resel' ol the relationship, and drahed a letter (now dubbed 'The Olive Branch email'l lo hopefully arrange a meeting to discuss a way forward that would benefit, or at the very least appease one or both parties. This was sent directly lo the Landlord on two email athfjresses on 14th September 2025. Trustees received no reply.
Moulin Kirk Trust Company Limited by Guarantee Trustees, Annual Report {Incorporating Ihe Director's Report) (contlnu8d) Year ended 31st October 2025 Following this letter, Trustees were contacted by J & H Mitchell, who received a message on 15th October 2025 from a party acting on behalf ol the Landlord. This message, although very brief, slated that the Landlord was looking lo terminate the Trust's lease on the Kirk with 5 years rerllaining, and asking us lo clarify our lulure plans in terrns ol re-enlering the building. As the Trust had taken Ihg d9cision lo lemporarity vacate the Kirk with a view to returning when repairs had been carried out by by the Landlord, Trustees replied slating that we would investigate a form ol community buyout, dependent on raising adequate funds. This was countered by the Landlord with another message on 29th October 2025 Ilhrough a second party) stating that, quote 'RTR would like the property back,, and asking that the Trust consider ils posilion on this, and respond. Al the lime ol the December 2025 AGM, there had been no further contact from the Landlord, and Trustees were in discussions over how lo proceed. Achievements and pertormance Fundralslng Fundraising has begn an integral part ol the Trusts business lor many years. but due lo other pressing factors more recently, the sourcing and completion ol ftjnd applications has been on hold for some time. The future ol the Kirk building remains unclear. but Trustees are aware that fundraising needs to be a Core part ol that lulure. There are several options awaiting investigation, and previous funds that have been awarded based on renovations ol the Kirk will require some ehanges due lo shilling priorities. 11 is vital that fundraising remains a part ol Trustees respDnsibililies. and Trustees are looking at the next steps lo tackle this. Flnanclal revlew The financial position of the Trust is set out in the attached Accounts. It is the policy of the Trust that unrestricted funds, which have not beèn designated lor a specific use. should be maintain&d al a minimum level equivalent to between three and six months expenditure.
Moulin Kirk Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating Ihe Dlrector's Report) (CQnllnued} Year ended 31 sl October 2025 Plan$ for future period$ Trustee's thanks go lo Marigold Massig, former TTusle8, who announced her desire to retire from the Treasur&r rol8 she held lof many years. Trustees would like lo thank her professionalism and dedication lo the role, and to the Trust and Kirk in general. Thanks also to our members and many volunteers whose continued support ol the Trust and the Heritage Centre is vital and greatly appreciated. As can be seen from the details in this report. trustees are actively engaged in finding a way forward lor the Heritage Cenlre. Alongside the negotiations lo save the Kirk building, attempts lo lind a more long-term home lor the Cènlre and il's huge collection have so lar been fruitless, with several promising options falling away, proving to be too costly. or being iaken off the table al the 11th hour by interested parties. This search is ol course ongoing. Through the season, Trustees continued with advertising and information through the Pitlochry Life and Alholl Quair and the Facebook page. We have also continued fund raising, developing displays and collecting and maintaining local artelacls from th8 community. As statèd, Trustees continue lo look lor atternative Spa lor a more permanent home lor the collection, bul in a tourist town with high rental prices and demand lor space, theye are no current viable allernalives. Trustees are also exploring olher potential solutions, including hiring local community venues lor a Herilage Week event and the ¢realion ol a mobile pop up display lo use al dillerenl community events. We will Gonlillue lo work with local schools lo encourage an interest in local heritage by children and young people. The Trust will continue to make further ellorls lo recruit more Members and increase its reach. The Trust will continue lo publicise Ihe role ol local haritage, Dtter a secure solution lor the storage ol local herilage items and share local hislory through social media and local media. The Trusl also intends to continue tund raising ellorts, particularly lor large-scale long term solutlons lor the Herrtage Centre, working with the Landlord. We welcomed two new Trkjstees in April., Alan and Helen Yourslon who bring a weahh ol new skills and knowledge lo the Trust. Helen also volunteered as our Membership Se¢retary, and will be making this role her own going forward. Trustees are also discussing several options to lill our vaeanl Treasurer role following Marigold Massie's retiremenl. Small company prov151ons This report has been prepared in accordance with the provisions applicab lo companies enlilled lo the small companies exemption.
Moulin Kirk Trust Company Limited by Guarantee Trustees, Annual Report (Incorporaling the Director's Report) (eonllnued) Year ended 31st October 2025 The Iruslees, annual report was approved on 23rd July 2026 and signed on behalt ol the board of trustees by.. James Maitland Trustee
Moulin Kirk Trust Company Llmited by Guarantee Independent Examiner's Report to the Trustees of Moulin Kirk Trust Year ended 31st October 2025 I report to the Iruslees on my examination of the linancial slalemenls of Moulin Kirk Trust I'the charity'l for the year ended 31 sl October 2025. Respon$ibilltles and ba$ls of report As the Iru51ees ol the company land also ils directors lor Ihe purposes ol company lawl you are responsible lor the preparation ol the financial statements in a¢cordance with the requirements ol the Gharilies and Trustee Investment Iscotlandl Act 2005 I'the 2005 Acl'l, the Charities Accounts (Scotlandl Re9ulalions 2006 las amended) and the Companies Acl 2006 I'the 2006 Acl'l. You are satisfied that the accounts ol the company are not required by charity or company law lo be audited and have chosen instead lo have an independent examinalion. Having satisfied myself that Ihe accounts ol the company are not required to be audited under Part 16 ol the 2D06 Act and are eligible lor independent examination, I report in respect ol my examination ol the charity's accounts carried out under section 441lllcl ol the 2005 Act. In carrying out my 8xaminalion I have followed the requirements ol Regula1ion 11 01 the Charities Accounts IS¢ollandl Regulations 2006 las amended). Independent examiner's statement Since the charity is required by company law to prepare ils accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member ol a body listed in Regulation 11121 ol the Charities Accounts (Scollandl Regulations 2006 las amended). I can confirm that l am qualified lo undertake the examination because l am a registered member ol the Associalion ol Chartered Certified Accountants which is one ol the listed bodies. I have completed rny examination. I confirm that no matters have come io my attention in Connection with the examination giving me cause to beliove.. accounting rordS were not kept in respecl ol the charity as required by section 386 of the 2006 Act, section 441lllal ol the 2005 Act and Regulation 4 01 the 2006 Accounts Regulations., or the financial slalemenls do not a¢¢ord with those records or with the accounting requirerllenls ol Regulation 8 01 the Charities Accounts (Scollandl Regulations 2006., or the financial statements do not comply with the accounting requirements ol section 396 01 the 2006 Act other than any requirement Ihal the accounts give a 'lrue and lair, view which is not a matter considered as part ol an independent examination., Of the linan¢ial statements have not been prepared in accordance with the methods and principles ol the Statement ol Recommended Praclice lor accounting and reporting by charities applicable 10 charities preparing their 2¢counts in aceordance with the Financial Reporting Standard applicable in the UK and Republic ol l¥eland IFRS 1021.
Moulin Kirk Trust Company Limited by Guarantee Independent Examiner's Report to the Trustees of Moulin Kirk Trust (conllnu8d) Year ended 31st October 2025 I have no concerns and have come across no other matters in connection wrth the examination lo which attention should be drawn in this report in order lo gnablg a proper understanding ol the accounts lo be reached. John McKeilh B.A.IHonsl C.A. Independenl Examiner 8K Plus Chartered Certified Accountants 26130 Bonnelhill Road Pitlochry PH16 5BS 23rd July 2026
Moulin Kirk Trust Company Llmiled by Guarantee Stalement of Flnancial Aclivilies (including income and expenditure account) Year ended 31 st October 2025 2025 Reslricled tunds Total funds 2024 Unrestricted funds Note Total funds Income and endowment$ Donations and legacies Charitable activities Other income 4,943 4,943 10,584 125 396 60 60 Total ineomg 5,003 5,003 11,105 Expenditure Expenditure on charitable aetivilies Total expendilure 7,733 7,733 15,546 7,733 7.733 15,546 Net expenditure and net movement In tund$ 12,7301 12,7301 14.4411 Reconcillatlon of lund$ Total funds brought forward Total funds carried forward 16.207 3,000 19,207 23,648 13,477 3,000 16,477 19,207 The stalemenl ol financial activities includes all gains and losses racognised in the year. All income and expenditure derive from continuing activities. The notes on pages 12 to 18 lomi part of the$e financial Slatements. 10
Moulin Kirk Trust Company Llmlted by Guarantee Stalement ol Financial Positlon 31 st October 2025 2025 2024 Note Flxed assets Tangible fixed assets 15 39 52 Current assels Debtors Cash at bank and in hand 16 1,353 18,196 1,348 20,577 19,549 21,925 Credltors: amounts falllng due wlthln one year Net current assets 17 3,111 2,770 16,438 19,155 Total assets less current liabllities 16,477 19,207 Net assets 16,477 19,207 Funds of the charlty Restricted funds UnrestTithed funds 3,000 13,477 3,000 16,207 Total charlty funds 18 16,477 19,207 For the year ending 31st October 2025 the charity was enlilled to exernplion from audit under section 477 01 the Companies Act 2006 relating to small companies. Directors. responsibilities.. The members have not required the company lo obtain an audit of ils financial slalgmenls lor the year in question in accordance with section 476., The directors acknowledge their responsibilities lor complying with the requirements Of the Act with respect lo accounkn'ng records and the preparation of financial slatemenls. These financial slalements have been prepared in accordance with the provisions applicable to cornpanies subject lo the small companies, regime. These financial statements were approved by the board ol Iruslees and aulhorised for issue on 23rd July 2026, and are signed on behalf ol the board by.. James Mailland Trustee The notes on pages 12 to 18 torm part ot th•sè Ilnanclal statemenls. 11
Moulln Kirk Trust Company Limited by Guarantee Notes lo the Flnancial Slalements Year ended 31 st October 2025 General information The charity is a public benefit enlily and a private company limited by guarantee. registered in Scotland and a regislered charity in Scotland. The address ol the registered ollice is 51 Atholl Road, Pitlochry, Perthshire, PH16 5BU. Statement of compllance These financial statements have been prepared in compllance with FRS 102, 'The Financial Reporting Standard applicable in Ihe UK and the Republic ol Ire]and', the Slalemenl ol Recommended Practice applicable lo charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accountlng pollcles Basls of preparatlon The financial statements have been prepared on the historal cost basis. as modified by the revaluation ol certain financial assets and liabilities and investment properties measured al lair value through income or expenditure. The financial statements are prepared in Sterling, which is the lunclional currency ol the entity. Going Concern There are no rnaterial uncertainties about the charity's ability lo continue. Disclosure exemplions The entity satisfies the criteria ol being a qualifying enlily as delined in FRS 102. As such, advantage has been taken ol the following diseLosure exemptions available under paragraph 1.12 01 FRS 102.. lal No cash flow slalement has been presented lor the company. Ibl Disclosures in respect ol financial instruments have not been presented. Cagh and cash equlvalents Cash and cash equivalents consist ol bank deposits held at call with banks. Judgements and key sources ot estlmation uncertalnty The preparation ol the financial slalements requires management lo make judgement5, estimates and assumptions that affect the amounts reported. These estimates 8nd judgements are continually reviewed and are based on experience and other laclors, including expectations ol lulure events that are believed to be fe8sonable undei the circumstances. The charity's activities are considered s1raighttonard. No significant judgements, estimates or assumptions were neSSary in the preparation of the financial slalemenls lor the current or comparative years. 12
Moulin Kirk Trust Company Limited by Guarantee Notes to the Financial Statements {contlnu8dJ Year ended 31st October 2025 Accountlng pollcles {conllnuedJ Taxatlon The Charty is exempl from lax on income and gains falling within s9Ction 505111 ol the Taxes Act 1988 or section 252 01 the Taxation ol Chargeable Gains Act 1992 to the extent that these are charitable objects. The Charity is not registered lor VAT and therefore expenditure 15 slated inclusive ol VAT. Fund accounting Unrestricted funds are available lor use al Ihe dis¢Tetion ol the Trustees lo further any ol Ihe Charity's purposes. Restricted funds are funds that can only be used lor particular reslricled purposes within the objects ol the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted Purposes. Incomlng resourc08 All income is included in the slalement ol financial activities when enlitlemenl has passed lo the Charity, il is probable that the eeonomic benefits associaled with the transaction will flow lo the Charity and the amount can be reliably measured. The following specific policigs are applied lo particular categories ol income.. incgme from donations or grants is recognised when there is evidence ol enllllemenl lo the gift. receipt is probable and ils amtsunl can be measured reliably. legacy income is recognised when receipt is probable and enlillemenl is established. Resources expended Expgndiluro Resources expended ara recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered, as the Charity is not registered lor VAT. Tanglble o$Sg1s Tangible assets are slated al cost less deprgcialion. The Charity capilalises items of furniture and gquipmenl where the purchase price exceeds £150. Oepreciation Depreciation is calculaled so as to WTlte off the cost or valuation ol an asset, less ils residual value, over the useful economic life of that asset as follows.. Furniture and equipfnent 25¢/0 reducing balance 13
Moulin Kirk Trust Company Limiled by Guarantee Notes lo Ihe Financial Statements (CpnMmdl Year ended 31 st O¢lober 2025 Ac¢ounllng policles {con¢inued) Impairmenl of fixed assets A review lor indicato¥s ol impairment is carried out al each reporting dale, with the recoverable amount being eslimaled where such indicaloTS exist. Where the Carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed lor possible reversal at each reporting dale. Flnanclal instruments The Charity only has financial assets and lialy'lilies ol a kind that woukj qualfy as basic financial inslrumenls. Basic financial Instruments are recognised al transaction value and subsequently measured al their settlement value. Limited by guarantee The Company was formed as a Company limited by guarantee without share capital.11 remains a Company limited by guarantee and continues wilhoul share capital. Each Member ol the Company has undertaken lo contribuie an amount not exceeding £1 towards any deficit arising in the event ol the Cornpany beiry placed in liquidation. Donations and legacles UnrestTlCted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Mernberships Donations 492 4,451 492 4,451 580 10,004 580 10,004 4,943 4,943 10,584 10,584 Charltable adlvltles Unreslrieted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Events 125 125 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Other income 60 60 396 396 14
Moulin Kirk Trust Company Limited by Guarantee Noles to the Flnancial Slalemenls l¢ontlny•d) Year ended 31st Oclober 2025 Expendlture on charllable actlvltle$ by fund type Unreslricled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Support costs 7.733 7,733 15,546 15,546 Expenditure on charltable actlvitles by actlvity lype Support Total lunds costs 2025 Total fund 2024 Development and promotion ol a local museum Governance costs 6,381 1,352 6,381 1,352 13,830 1,716 7,733 7,733 15,546 10. Analysls of support costs Analysis ol support costs Total 2025 Total 2024 Premises General office Governance costs 6,030 338 1,352 6.030 338 1,352 8,975 4,838 1,716 7,720 7.720 15,529 11. Net expendlturo Net expenditure is slated aller chargingllcredilingl= 2025 2024 Depreciation ol tangible fixed assets 12. Independent examination fees 2025 2024 Fees payable lo the independent examiner for.. Independent examination ol the financial stalemènis 600 360 13. Staff costs The average head count of employees during the year was Ni112024'. Nill. No employee recewed employee benefits ol more than £60,000 during the y9ar12024.. Nill. 15
Moulln Kirk Trust Company Limited by Guarantee Noles to the Financial Statemenls {¢onfvnyodJ Year ended 31 st October 2025 14. Trustee remuneratlon and expenses No remuneration or other benelils Irom employment with the charity or a related entity were reiVed by the Iruslees. Expenses of £34 were reimbursed to 1 Trustees during the year lor office expenses12024". £410 reimbursed lo 3 Trustees lor expenses incuTred on repairs & mainlenance and office expenses). 15. Tangible flxed assets Equlpment Cost At 1 st November 2024 and 31 $1 October 2025 9,179 Depreciation Al 1 sl November 2024 Charge lor the year At 31 st October 2025 9,127 9,140 Carrylng amount At 31 st October 2025 39 Al 31 sl October 2024 52 16. Debtors 2025 2024 Prepayments and accrued income 1.353 1,348 17. Credltors: amounts falllng due wlihln one year 2025 2024 Trade creditors Accruals and deferred income 2,571 540 2,330 3,111 2,770 16
Moulin Kirk Trust Company Llmited by Guarantee Notes to the Flnancial Statemenls (eonrin[dJ Year ended 31st October 2025 18. Analysls of ¢harltabl• funds Unrestrlcted funds Al 1 sl November 2024 At 31st October 2025 Income Expenditure General funds 16,207 5,003 17,7331 13,477 Al 1st November 2023 At 31 sl Oclobgr 2024 Income Expend(ture General funds 20,648 11,105 115,5461 16.207 Reslrlcted funds Al 1 sl November 2024 At 31st October 2025 Income Expenditure Heating system 3,000 3,OQO At 1st November 2023 At 31 st Oclober 2024 Income Expenditure Heating system 3,000 3,000 19. Analy$l$ of nel assets between funds Unieslricled Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 39 19,549 39 19,549 16,477 16,477 Unreslricled Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 52 21,925 12,7701 19,207 52 21,925 12,7701 19,207 17
Moulln Kirk Trust Company Limited by Guarantee Notes to Ihe Financial Statemenls (eoniinued) Year ended 31 st October 2025 20. Related parties No Iransaclions with related parties were undertaken during the year such as are rgquired lo be disclosed under the Financial Reporting Standard 10212024.. Nill- 18