Scottish Curling Trust Report of the Trustees and Unauditcd Financial Statements Year ended 30 September 2025 Charity no: SC038043 Company no: SC312146 (Scotland)
Scoitish Curling Trusl Alal Report and Financial Sements for thc year elld 30 Sepiember 2025 Contents ReferenL¢ and AthniDistrdtive Details TNstees' Report Indepell(knt Examinevs Report Statement of Trinancial Activities (InW0rd1in8 income and expenditure account) Balance Sheei 10 Notes lo the Finan¢ial Ststements 11-18
Scottish Cwling Trust Annual RewTrrt and Financial swements for the year ellded 30 Septemb¢T 2025 Reference and Administrative Details Company rcgistration number: SC312146 Charity regi$trAtion number. SC038043 R¢gist¢red and Principal otTice th$.. Caimie House IDglision ShowBround h'ewbridge EH28 8NB Trustees Mrs M M Nicol IC.hair) Ms B K Gibb (Res&¥ned I I t)ec¢mber 2025) Mrs M Wellman Dr L Scotland J Fl Wilson MrVLBrys0 Mrs W Ixjuden (Appointed 17 Dwernb¢r 20241 (Vice Chairl Mr5 M Erskine (Appointed 17 Deccmber 2024) Mr N Patrick {AppOin1 17 December 2024} Mr J Browm (Appoinied 17 December 2024) Ind¢pendent Examiner Gordon Mavor Ftmu'ork Lid 7 Souih Charloite Stre Edinburgh EH2 4AN Bankers Bank of Scoiland 75 CJCOTge Street Edinburgh EH2 3EW
Scottish Cwling Tn1 Annual Report and Financial staiernents for the year eDded 30 September 2025 Report of the Trustees The Trnstecs, who are a150 Dir¢ctors of thc Charity for the putp)ses of ihe Companies Act 2006, prcscnt their report th¢ financial staiemcnts of the charity for the year eDded 30 Sq)frfftr 2025. Th¢ Trust¢ have adopt¢d th¢ provisions of Accountin8 and Reporting by Cbariiies: stsMent of ReLommended Ptaclice applicablc lo ¢hari¢ies preparing their accounts in accordancc with the binancial Reponing StaThJard applicable ID the UK and Republic of Irelatsd {FRS 102) (effectivc l January 2019). ORIFCTIVES AND ACTIVITIES Hlstory And Objectives The charity is a compony limited by guaranlee with the purwjseg laid Ik)wn in its Mcmorandum and Articles namely: The advaneem¢ni of public particiiiation in sport b. The advancement of edueaiion The advan¢emcnl of the a. hcrilagc aThVor Lulture d. The provisions of rwrcational factlities or the organi5ation of r¢creational facilities. with the object of improving the conditions of life for the public generally, and reli¢f of those in need by re&qoo of disability or other di58(fvanta8e.. ACHIEVEMELYfs AND PERFORMANCE Actlvltle$ for the year During the last year. the Trust has been activ¢ly WOTking in six main areas'.- Catslo8uing new maleri81 gitied io the Tnst for ihe hi$torical colleciion Caialo¥uing thE World Curling bistorical collection and workiD8 in PJTther5hip with World Curling to er¢at¢ a global online virtual museum Continuing to improve SlOTa8e and furtherdevelop th¢ display area within our slorage facility Providing 5UPWn to th¢ devclopmcnt of thc Scollish Curling Disability progrnTllm¢s. Supporting Swrtish Curlin8 to increase participatiijn aNI with the development of the Under 14 program. Supporting clubs celebrating s¢11 his1or11 anniversaries and PToviding it¢ms for their ¢urling exhibitions This year the Irust has apAnIed two 8mb¥ssador5. Bcrth are curling le8cnts and multipl¢ medal witlljers who are respected ivithin the sport. We look forwtrd to Working with Bruce Mouat and Aileen Ncilson whose passion and Lnthusiasm for all thin8s curlinB will b¢ an asset the trust. TTUStee5 have been workirt8 to improve the photographic quality of many of the catalogued items. The Tnl continues to WQTk clw¢ly with Scoitish Cwling to promote and sutvort ihe development of disability curling, th¢ development of youth CUTIiDg and providing fiDancial support to allow Sc(Trttish Curling lo deliver ILL rtker and Umpire trdining Courses. Wc work closely '1th the Atme Matcolm Legacy Fund who raise fund5 ill tncfflory of Annc Malcolm who died in 2019 with procecd% ling disbursed as grants to women and girls involved in the development ofcurling. The promotion of the fund will continuc to ¢Jwourdge wople to apply for finallcial a5SiStan¢¢ for the b¢y)cfil of the sport.
Scoiiish Curtitig Trust Annual R¢w)rt and Financial sements for tbe year t[ed 30 September 2025 Report of the Trustees We continu¢ to WOTk ¢losely with the Willie Jamieson JunioT Curl¢TS Fund who raise funds in memory ofwillie Jami¢s¢)n who di¢d in 2022, wh05c funds sUPPOrt junior clubs and w)funded junior ath]etvs throughout the country. The Trtt continued its campaign to encourage individuals. laTgeting rnembu5 of the Royal Caledonian Curling Club, to leave a legacy to the Trt iti their will and pr¢parntions are in hand lo launeh-Friends ofthe Trust" FINAIYCIAL REVIEW Results for the year During the y¢ar the charity 8enLrntcd iotal incom¢ of L17,19812024.. £21.7971 and recorded total eXndIre of £80.950 (2024.. 88,271), including grnnts paid lotalling £42.35812024.' £57.750) itt the yrar. There was a nel deficit of £50,615 (2024.. £59,408) of which 0 deficit OF £37.39112024.. Surplus £19.5301 relaied to r¢stri¢ied f)Jnds. Ai the y¢4r-end total funds wnounied 10 £227.43912024- £278,054), ofwhich £161.90112024.. £199,292} related io resiricted fLmds and £65,538 (2024: £78.7621 r¢lated 10 unTe5tyicied funds. Gov¢m8nce and administration wst5 ar¢ n¢gligiblc thanks to th¢ ongoing 5UPPOrt from th¢ Royal CAledonian Curling Club and the dcdiLation alld hard Work (Jf the volunteer Trusiees. Re$erw¢s pollcy 'rhe free reserves, being unr¢strÈ¢ied funds not lied up in thn8ible fixed assets. Jrnounied lo a surplus of £6.5.-f 38 (2024.. £78.762) al the yearrycnd. Thc charity aims w Tetsin 12 nwnths of ovcrhcad expenditure (i.c. non-grant xpenditurej in liquid capital. Rlsk M8nagement The Trustees or¢ aware of their reswS1bIll11es with regards to safeguarding of the charity's ps5ets and for managing the risks associaied with ihe main a¢tivilie5 of Ihe chariiy. Risks are tsken inio a¢¢ount in every deci%ion mad¢ at Board level, as well as in the operntional processes of ihe charity. Trxatio Scol¢ish Curlin8 Trst is a charitsble company and is reco8nis¢d as such by H M Revenue & CusEoms for taxation purposes. A5 E rcsult. th¢re is w liobiliry to thxati¢)n on ally of it5 in¢. PLANS FOR FtrruRE PERIODS The short to medium tCrnL aims of the TnLSt Ore to irnprovE th¢ Virtual Museum and to Continue our collabt)ration with both Scollish Curling & World Curling to creale a Global Virtual Museum. W¢ will conlinue to support intcrcsted parries who rU1 inf0mtIon from the coll¢ction. We will continue to support EiCCC (Scoitish Curling) in developmenl, disability and Inclusion and Work elosely with them to en5ur£ the long4erni of thc s)rt.
Scottish Curling Tn]st Annual Report and Financial statements for th¢ year ¢nded 30 September 2025 Report of the Trustees STRUCTURL GOVERNANCE AliD MANAGEMENT Mallagement #nd Govtrnnct The Directors. who are Directors for the purtM)s¢ of company law 8nd Tnw¢¢s fow th¢ purposes of chariry law, are sel out on page l. The comwjsition of the B¢)ard of TteeS is as follow¥.' The Chief Executive and one Director ex officiiis of ihe Royal Caledonian Curling Club, inc00Tated under the Compani¢s Act under Company N'umber SC232571 and having IL8 Regisiered oific¢ al Cairnie House. Inglision Show8rouDd, N¢'brIdge, EH28 8NB, or irs SUCCLssors.' and b. Up to four it)divkdual persons COwOPtcd as Trustees by the Board of the Tn in ternis of Articl¢ 24 and 25. Up (o four individual persons apw)inted ts Trus¢s by the Board of the RCCC in terms of Article 24 and 25. All Trustees have received a TftLe¢ hdfftdb (MrtlinÉng iheir duties and responsibilitie& ReerultmeDt #ttd #ppolDtmeo¢ of new Tru81ees Trustees are wumed (And resign) within the TequiTements of th¢ M¢mor8ndum and Article5 of AsSOCQtion. Constltutlon Scolt15h Curlin8 Trust W&$ ill¢OTPOrntryJ as a c4)mpany limid by 8uaraTriee. The managemen¢ of the charity is the responsibility of ihe Trtte9 who are aPinted in accordance with the Memorandum 4nd Arti¢l¢$ of AssoLialLOn. Operatlonal s¢rueture nd derlslon making The board is ultimately rtsp)Th4ible for the clwity and regulvly to discus$ all mailers rel¢vant lo the charity. The board m8y dclcgatc any of thcir werS to SU1coMmittee5. a sU0MMittee must include ai Icast one charity tDJstee, bul other memb¢rs of a SU0111Ce need not be clwity tnLstees. R¢14ted Partl The Royal Caledollian Curlin8 Club (RCCC) is a related party with common contml. Scottish Curling TTUSt awardcd grdnts of £34,788 (2024.. £57.750) to RCCC. Th¢ w¢rc Jwarded in line with the advancement of the charity's PUTposes. Approved by order of the Board of Tlee$ on xx nK)nth 2026 and signed on its ha]r by: Mr5 M M Nieol - Trustee 261612 A(La KJILC I
Scoitish Curling TrusL Annual Report and Financial swenients for the year ended 30 Sepiember 2025 Report of the Trustees TRUSTEES, RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS The chartty trusle¢s (who are also directOTS of the Chariiy for the putposes of COTnpany1owl aro responsible for preparing th¢ TrSlee$, report and the financial statements in acc4)rdance with appltcabl¢ law and Uniied Kingdom Accounting Standards Iuniied Kthgdotn Genernily A¢¢¢pl¢d A¢counling Praclicel. Company law reqii?res the TTUSttts to prepare fituncial stsiemthts for ea¢h fiTtancial yw M,hich give a true and fair view of ihe of atTairs of the charitsbl¢ wmpany and of the incoming resources and applicaiion of resource& including the net incorne and expendiiure, of ihe chaTTthble company for the firtancial year. In prep&rin8 these firtaneial slat¢menLS the direciors are required io: Select suitabl¢ a¢Un¢1ng policies and ihen apply ihem consist¢ntly- Obsffvc the methods and principles in th¢ cbariti¢s SORP (FRS 102). Make judg¢mcnts and &s[imaS that are reasonablc and pwdenl. Stale wheiher applicable accouniing standaTds alld stateTDenls of recommended practice have been followed. subject to any materiaj departures disclosed and explained in the financial statements: Prepare the financial stht¢m¢Dts on the going concern basis unless it is inappropriate to pr¢$ume thai the charitable wmpany will coniinue lo op¢ral¢. 'rh¢ TS¢S are Tesponsible for keepin8 prop¢r accounting records that disclose wilh reasonable occuracy ai any time th¢ fuwi¢ial position of the chajitsble company and ihal ¢nabl¢ ihem lo eosure that the financial siatements comply witb ihe CompaDie5 Aci 21)06. They are also resp)JLsibl¢ for safegu¥rding the asseLs of the chaTilable company and hence for taking re4sonable slep5 for the preveniion and deieciion of frnud and (xh¢r iTregularities. The trustees are responsibl¢ for ihc rnaintenance and iniegrity of ihe corpor4ie and financial inforniation included ()n the charity's websiie. l£gislation in the Uniied Kingdom governing ihe preparaiion and dissemination or rinan¢ial statemcnls may differ from1¢8islation in other juri5diciions. Method of prep#rtion of accounts lthis report hos l¢n pr¢parcd in accoTdance with the Accouniithg Ryjrting by CharitiC5.' Statcment of ReLOTnmertded Practi¢¢ applicable to charities preparing their a¢counLS in a¢wrd8n¢¢ with the Finaneial Reporting Standard applicable io the UK and Republic of Ireland IFRS 1021 and in accordance with the special provLSLoll5 relaling to small comp1¢$ -within Part 15 ofthe Companies Act 2006. On behalfof the boaTd of Trnmees Date.. Mrs M M Ni¢ol Truslee
Seoitith CwlÉJg Trust Annual Report and Fillancial staieznents for thc year cnded 30 September 2025 Independent Examiner's Report I r¢port on the acLounts of Ihe Chthij. for Ibe year ended 30 Septewnber 2025 w'hich ar¢ sct oui on pagcs 7 tt) 17. Respective responsibilities of Trustee5 and IDdependeDt Examlner The Chariiy's Trustees Iivho are also the direcT5 of thc cornpany for tho purpose6 of company lawl are responsibl¢ for th¢ pr¢paration of thc accounts in accordance with the terms of th¢ Chdriti¢s and 'frusree InvesthiLnt (Scotland) Act 2005 and the Chariti&s Accounts l%coiland} Rcgulalions 2006 las arnended). The Chariiy Truslees coft$ider that th¢ audii rcquiremenl of Regulaiion 10(] l (a) 10 (c) of the 2006 Accounts Regulalions docs nol apply. li is my responsibtliiy 10 examine ihc ¥counls rcquircd under scclion 4411)Ic) or thc Acl and to srnte wbether particular matteT5 hav¢ ¢om¢ to tny att¢nlion. B#sl$ of Independent ¢xamlner's slatement My examination is carried out in accordance M'iih Rcgulaiion I l of ihe 2006 Chariiics Accounis Iseoilandl RL&Ful¥tions. An ¢xarnination inLludLS a rL'view of thc accountin¥ rKord5 kcpi by th¢ Ch¥riry and a compurison ()f rhL aCLOUnts prrsented with tho% records. li also includes. cDrisÉderntion of any unusual items or (lis¢lo8ui'¢b in Ihc accounls, and seeks explanaiions from lh¢ Trusiees conccming any such maitcrs. Tr procedures undert4Lken do not providc all th¢ cvidcncc thar would b¢ qUIr0d in an audiL and conscquently I do not express an audit opinion on the view giv¢n by the accounis. Independetht examlner's $latement In ihe cours¢ of my ¢X8TniiJalion, no maller has come iv my all¢nlion.' whÈch giv¢5 m¢ riasoDJbl¢ causL' beliLYe that in any m¥l¢ri¥l F¢5PXt thc requiTcmcnts.' to kccp accounting TOTd$ in accordance wilh Section 44 {1)lal of the 2005 A¢1 and Rcgjulution 4 of thL 2006 ALLoiints RcBulation5. to prLparL account5 which a¢cord with the accountin8 records and eomply wkth Rcgulatioii11 of Ilie 2on6 Accounts Re8ulaiions have noL or io whiLh, in my opinion. atient?on should be drawn in order io enable a proper understanding of the 8c¢ounrs to bL' T¢achL. Da¢¢'. OoTdoD Mavor Chartcrcd Managcment Acwwilant Frniwork Ltd Edinburyh
Scottish Cuding Tn Fitrdticilll sthiements lor thc year ended 30 Septemttr 2025 Statement of Financial Activities Unrestri¢ted Fund8 Restricted Totsl Funds Futtds 21125 Total Fuuds 2024 Notes Income from: Donations and legacies Oth¢r trdding activi¢ics Inst¢nI income 1,429 718 10,216 11,645 718 18.923 2.217 4379 4279 657 Other TotAI Income &426 10.216 16.642 21,797 Expendlturt on: Raising fid$ Charit&ble activilies 546 31787 48,1&1 80.950 87.493 Bank charges Tot81 expendlture 232 32.787 48,163 80.950 88,271 Net gainsl(losses) on investments 13.137 J3.137 7.066 Net lThcomel(expendltsre) for the yewr (1.1324) {37.947 (51,171) (59.408) Tr*nsfers between fuDds Net movement in fund$ (13324) (37,9471 (51.171) 159,4081 RecDnclllatlon of funds: Totsl funds at l April 2024 7&762 199392 278.054 337.462 Totsl fund> at 31 March 2025 13,14 65538 161 J45 226,88J 278,054 The 4¢¢ompanying accounting EX)licies and fomi part of these financial slatements. The stalemeni of financial aetivitie5 Includ all gains and lo&ses recognised in the year. All ineome and exp¢ndithrc d¢rives from Lontilluing activities.
Seottish Curling Trust Finalleial statements for the year ended 30 Sqrtember 2025 Balance Sheet 2112$ 2024 Note Flxed assets Tangible assets Investments 10 41.1125 41.025 111.053 97,915 152.1178 138,940 Current 855els Curreni AsseLS 12 1,443 Siock 2532 8OJ82 2.900 150.352 Cash at bank and in hand 84.557 153.252 Credltors: Amourtts f4lliTrg due wl¢hiD one y¢*r 13 (9.752) 114,1381 Net ¢urrent asseti 74,805 139.114 Net &t$ 226W3 278.054 FuTrd$ Unrestricted funds: Unrestricted funds 14 65J38 78,762 65J38 78.762 Reglrieied filnds 14 161 J45 199,292 220J83 278,054 For the fin¢181 year ended 30 September 2025 the charitahle compony was entitlwj to exemptitsn from audit under section 477 Companics Act 2006 at]d no notice h&s been deposited under siYtiLbn 47(Tr. The dire¢¢ors acknowledge (heir responsibility for ensuring that the ¢1[bI¢ company keeps accouniing record5 which comply with seciion 386 of the ACL and for preparing accounts which give a true and fair view of the stale of atTaiTS of the charitable company at the ¢nd of the financial year and of iis profit or10s5 for the fiiiancial year in accordance wilh the requiremcnis of sections 394 and 395. and which otherwise coinply with th¢ r¢quir¢tn¢nts of the Act relaiing tu accounts. so far a5 applicabl¢ to thc ¢hari¥ablc company. These accounts hav¢ l)een prepared in accordance with thc special provisions for small compani¢s .1¢hin Part 15 of the Companies Act 2 M'ith the Financial RcEK)rtiDg Stalldd applicable in the UK and Republic of Ireland IFRS 102}. Approved and authori51 for issue by the Trustees on 202&d 5ign¢d on their behaifby.. Mrs M M Nicol TNsiee and Chair The accompanying accounting wlicies and notes forni part ofthese financial sements 10
Scottish CurliDg Trusi Fir]an¢ial statements for the year ended 30 Swember 2025 Notes to the Financial Statements Aeeounling policies Bs$i$ of preparatio The financial statements have been prePad under ihe hIOn¢al cost conveniion and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as applied 10 small eniiti¢s by S¢¢iion IA of the Sthndard). the CompanTr¢s Act 21M)6 and follow thc COmMLnd&tions in thc Accouuting and Reporting by C.harrities= Statement of Recommend¢d Practi¢¢ applicablc io chariiies preparing their accounls in accordallce with tbe Financial Reportin¥ Standard applicable in the UK and RepubliL of Ireland IFRS 1021- Charities SORP IFRS 102). "rhe financial statements are pr¢par¢d in Srerling. which is the fuL¢lion41 curr¢n¢y of the Charity. Monetary inounts in these fin8n¢kal stat¢rncnt5 are round¢xl to the t)eartsi £. The Charity constitutes a publi¢ IKncfit entity as defined by FRS 102. The Charity is a company limiied by guarantee and has no share capithl. Its county of ineortA)ralion 15 Scoiland and regisiered otTice adts 1$ C4irni¢ House. Ingliston Showgroun4 NeWld8¢, EH28 8NB. The Trust¢CS Wnsider that there are no mai¢rial uncertainti¢5 about the ChaTity's abiliry to ¢ontinu¢ ys 8 goin8 concern. Income All income is included in the Sthtemeni of Financial Athivities on¢¢ the charily has entitlemcnt ts the funds, it i$ probable that the in¢om¢ will be Teceived and the anwunl can be measured reliably. . Expendliure Liabilities are recognised #s expenditure as s)ft &8 there is a1¢8al or ¢onsttUelive obli8alion committing ihe chariiy 10 ihai expenditure. it is probable ihai a iransfer of economi¢ benefils will bc required in seiilcmeni or the obligation and the amount can be me&sured reliably. Expenditure TS accounied for on an accruals b&sis and has been classificd undcr headings ihAi aggre88tc #ll ¢94$ rcllltcd to thc cate&Tory. whe costs caiingt b¢ directly attributed to parti¢ular hradings they he been allocat to activiiies on a basis consisteni with th¢ us¢ of T¥'sources. Grants offered subject to condi¢ion$ which have noi been met the ¢nd date are noted as a commitment but not accrued as expenditure. Ihngible fjxcd 459ets Tangibl¢ fixed assets e slated at cost le55 umUlatj depreciatiotL Depreciation ts not provided for as Ihe estimatrd r¢sidual value ofe2ch assel over their expected us¢ful life is unlik¢ly to differ from the original cosi.
sClIsh Curlitig Trust Fituncial stsiements for the year ended 30 Sep*mber 2025 Notes to the Financial Statements Accounting polieies (eontinued) InvestD)ents All Investments are Carried at their fair wdlue. Investments in equities and fixed interest securities are all traded in quotcd publi¢ markers, primarily the London Sknck Exchange. Holdings in common inves(mettt funds. unit trusts and open-ended inveslment companies are ai the bid price. The basis offair value for quoied invesiments is equivalent Lo the market valu¢, using the bid price. Asset sales and purchases are recols¢d ar the date of tradc at ¢0st (that is th¢ir ttan5actiOD value). Taxatlon As a registered Charity, the company is exempt fft)m eorpor4tion tax to th¢ ¢xlWlt that ils in¢om¢ and gains arc applicable to chariiable purposes only. Fund accounting Unrestri¢t¢d funds Can be used in accordance with the clwitable objcctive5 at the diffttion of the Trustees. Restricted funds can only be used for panicular resir1cl pury)oses wiihin ihe obje¢iives of the charity. Resiriciions aris¢ when sp¢cificd by the donor or when funds are raised for particular resrricted purposes. Furth¢r ¢xplanation of th¢ and puryM)5e of each fund is included in the notes lo the financial statL'ments. Legal stalus of the cb#rlty The company is limited by 8uAraTh and no share Capi1. The liability of each member in ihe evenl of winding up is £1. At the end ofthe finan¢i¥l year theT¢ were 8 members. 2. Inve$lmenl In¢ome The inv¢sIml income received represents bAnk iniereth on de81. 3 ltruJt¢eJ RemunergtSoD ¥Trd Benellts Trustees wcre refftmbursed cxpew of £1.617 {2024: £1,848) forthe ycarendcd 30 SeptcmbEr 2025. 4 Crltleal Jud8emehts and utim4te5 In pr¢paring thc firwjcial statcmcnls. trustees nke estimaies and assumpttons which affect report¢d r¢5uIts. financial position and disc105ure of contingenci¢s. Us¢ of availablc infomiaiion and application of judgement are inherenr in the forn110 of the c5tirnates, togethcr with past LXPLYien¢e and expeLrations of furure evcnts that are believed to be reasorthlc under the ¢ircumst8nces. In the SleeS, judgement there are no critlC81 judgements and estimates which rtquire to be disclosed fora pmper understsnding of these accounts. 12
s¢tish Curlittg Trus¢ Financial stsiements for the year ended 30 Septembff 2025 Notes to the Financial Statements 5. Donations and legacies Unrestricted Funds Restricted FndS 2025 2024 Other donations and legaci¢s IA29 1ffj216 11,645 18,923 1.429 o. Other trading actlvltles Unrestricted Gener41 Funds Restrlcted F8 2025 2024 Footscrapers Sale of curling stones 718 718 2,217 718 718 Th¢ prolit o1.£2,217 represents th¢ profi¢ on the sale ofcurlin8 sione 7. Expendlture on Charltable Actlvltles Unrtsirletod General Funds Restrlcted FuDds 2025 2024 Grants awarded Web51te T¢-development Rent Strategy and NetworkinB Internei Office Stationery Elcctricity charges Brdnding & MarkctiDg Mccting costs Exhibition Contra¢tors fee5 Travellin8 Sundry Computer & Sofiwwe Expenditure of Legacy Fund Govcrnancc Independent examiAYdtion fe¢6 13JOD 12,672 28058 42J58 12,672 9,656 ,039 57.750 9,656 9,104 7,053 3(K) 1.039 41 308 41 308 606 iJ99 1.723 1.72.1 98 714 5,605 1,616 30 2,IM9 5,605 1.616 134 2,769 2.420 1,920 720 4,897 1,130 1,130 2,631 Exp¢nditure on ¢TrAtable activities VJ'&S £80.950 (2024:£87,493) of which £32,787 12024: £4,949) w45 13
Scouish Curling Trnst Financial Staments for the yeAr ended 30 September 2025 Notes to the Financial Statements unrestrictd and £48.163 (2024.. £82,544) was restricte 8. Grants awarded Unrejtrieted General Funds Restrlcted FuvAds 2025 2024 Disability Programme costs WWhC2025 Champs Umpir¢ pr(>j¢ct Anne Malcolm Le88cy Fund Willi¢ Jamieson Memorial Fund Leslie Ingram-BrowTr Legacy Fund Acad¢my Manager Support Floor Curling Futur¢ Lcad¢r5 Pm¥ramme U14 Pathway Curling A¢ademy Acadcmy Mana8¢r Digital MaTketing Equipment ioooo 10,000 2.154 4,114 3,770 8,820 1000 23.(K)O i(J.owJ 2,154 4.114 3.770 20 17,500 2,000 8,000 3.750 2,000 858 42 58 9. Net Incomel(Expenditure) Net lexpenditurel l income for the period is sthted Aft¢r¢hargiDg: 2025 2024 Independent cxaminer's remuneration: Indeperldent examillalion fee Operating leases 2.631 9,104 14
Scotlish Curllng Trusi FitMDcial slatements for ihe year ended 30 SeNember 2025 Notes to the Financial Statements 10. Tangible assets W K Jackson Coll¢ction M¢mordbilia Total Cost At l October 2024 and 30 Sep*rnber 2025 NL% book value At 30 September 2025 At 30 S¢piember 2024 11. Flxed Asset Investments 2(125 2024 At I Ikiob¢r 2024 Acquisitions in the year Disposals in th¢ y¢ar Nel 8ains1108sesl on revaluaiion8 96.140 90.102 23.730 (23,6641 Market value at 30 September 2025 109.277 96,140 Cash held on dewsit Market valu¢ 4t 30 September 2025 IAI,O53 97.915 All securities and equi¢ie5 are lisied tnveslments. The charity holds eleven inve%thieni$ whi¢h exeeed 5Q/o of th¢ portfolio's rnarket value12024'. nine). The cost figure for investments includes £Nil relating to inve51monts h¢ld outside the UK (2024.. £Nil). The nwkel value figure includes £Nil relating to Inv¢sim¢nts held outside ihe UK (2024.. £Nil). 12. Current Assets 2025 2024 Accrued income (Gift Aid) 1,443 43 15
Scottish Cwling Trust Financial stslements for the year ended 30 Sep*mber 2025 Notes to the Financial Statements 13. Creditors: amounts falling due within one year 2025 2024 Trad¢ Creditors Accrnals and deferred iDcom¢ Other Creditors 3,752 11,048 2.520 570 14. Movement in funds Fund% al Transfer8 30 beiweert S¢piwnbcr nds 2025 Fund5 at l Oclober 2024 Gains on Income EXditUre investmenis 2024-2025 RestrlLted funds ScoltlBh Nloal Museum Picture Resioraiion The Anne Malcolm Legacy Fund LIB Junior Fund Willi¥ Jami¢¥vn Curlers Fund Scottish Curling Academy DcvclopmLnt fund Total re%trieted fund$ 67.955 9,110 6,080 44.389 9.738 4.850 (19.3051 53,500 9,110 1,966 39.602 7.321 14.114) (8,8201 (3.770) 4,033 1.333 199.?92 10.216 (48.163) 161.345 Unrestricted funds G¢n¢ral un$(rI¢l¢d 78.762 6.426 (32.7871 13.137 65.538 711,762 6.426 (32.787) 13,137 65,538 Total funds 226 883 14 Movement in funds (eontinued) Funds ai l oober 2024 Transfers Funds at beiween 31 March funds 2024 Gains on Incom¢ Expendittwe investtnents 2023-2024 Re5trlcted fuTrds SLOttish National Museum PiLtur¢ Restoration Thc Anne Malcolm Legacy Fund LIB Junior FEJnd Willie Jamieson Curlers Fut Scottish Curling A¢adwny Development Fund 87,852 9.110 7,3 66.730 8.680 (19.897) 67,955 9.110 6,080 44.389 9.758 75 5.159 4,59) 3.750 {1.385) (27.5} {3.512) (3.750) (26.5(M)) 88,500 62.000 16
Scottish Curlillg Trust Filwla1 statements for the year ellded 30 Septcmb¢r 2025 Notes to the Financial Statements Total restricted fund5 179.762 13,574 (82,544) 88,500 199292 Unrestricted funds General Unreytri¢ted 157.7(K) 8223 (5.727) 7,066 188.5(N)) 78,762 157.7(K) (5.72n 7,066 (88,5(M)) 78.762 Thtal futtds 88 71 278 054 Purpose of Restrlcled Funds Scottish National Museum fijnds have been provided for the development of a museum specifically for the sport of curling. Thc Pi¢¢ure Reslornlion Fund has bccn sei up for the purpose of Teslorin8 and preserving works of art. primarily the grand Maich at Linlith¥ow Lol'h by Charles Lees. The Anne Malcolm Lcgacy Fund was lonncd as a way ofrdising funds to disburse grants lo aid Ihe developmLnt opportunities for wurncn and gii]s in curling. LIB Junior Fund was established lo supwrt Junior Curling. The Willie Jamieson Junior Curling Fund was forni¢d support junior curlers. The Scortish Curling Academy Fund was established to help run the Scottish Curling Academy. Th¢ Development Fund w&8 established io supw>rt the developmcni of Curling. The transfer represents the nel balanee of fund5 received and paid out prior to the l October 2023. 15. Analysls of net assets between funds 202&25 Unrestricted Restricted Total FixEd a&sets Current assets Currenl liabilities Nct a55Cts at 30 September 2025 111.052 (41.762) 3.752 41.025 126,320 152,077 84,558 161345 226 883 2D23-24 Unresiricted Restricted Tot81 Fixed assets C.urrcnt asscts CurrenÈ liabilili¢5 Net asseis al 30 Seplember 2024 97,915 (13.723) 5.430 41.025 166,975 138,940 15.1,252 14.138 ?78 054 19929? 17
Scottish Curling Trust Finatteial ststements lor the year ended 30 Sep*mber 2025 Notes to the FinancRal Statements 16. Operating Lease Commitments The charity has outstanding commitments for future lease payments under non-cancellable operating leases at the Teporting date as follows: 2025 2024 Within one year 8.892 8.036 17. Related P4rty Disclosures The Trust awarded grants of £34,788 (2024.. £57.750) to the RoyA] calnIan Curling Club, a Telated party with Lommon COnTrol. The grants were awarded in line with th¢ advanccmcnt of the charitys purposes. 18