REGISTERED COMPAiYY NUMBER: SC327623 IScotlAndl REGISTERED CHARITY NUMBER: SC038915 Re ort of tbe Trustees gnd FinfinciAI Statements for the Year Ended 31$¢ Jul 2025 for Criehton CaTboll Centre Farries Kirk & Mcvean Dumfrie5 Enterprise Park Heaihhall Dumfries DUMFRTESSHIRE DGI 3SJ
Crichton Carbon Centre Content$ of the Finan¢lAI Statem or th¢ Year End¢d 318t Jul 2 Page Report Of the Tru51ees I to 4 Independent Examlner's Report StAtement of Financial Activitie5 Balance Sheet Not¢$ to the Fin¥tnciAI StA¢ements 9 to 18 Detailed StAtement of Financial Activities 19 to 20
Crichton C#rbon Centre ort of the Triistee5 for the YeAr Ended 31st Jul 2025 The tru5ters who are also directors of the charity for the puTpos¢s of the Companies Act 2006. pres¢nt their report with the firtancial statements of the charity for the year ended 315t July 2025. The trusiees hav¢ adopted th¢ Provisions of Ac¢ountin8 and Reportin8 by Charities.. Statement of Recommended PrACti¢e appli¢abl¢ to charities PTeparing their account5 in accordance with lh¢ Financial Reporting StAndard applicabl¢ in the UK and Republi¢ of Ireland (FRS 1021 (effe¢¢ive I January 20191. OBJECTIVES AYD AcfiviTIES Policies And Obje¢tive$ Crichron Carbon Centre- CCC- was founded in 2007 an independeni institution and non-profiting disiributin8 company. Our mission Inspiring action Keeping carbon where it belongs Repairing nature We currently focus on 4 work$tr¢gm5 '. Proje¢ts '. ecological function for ¢limai¢ resilience Catalysing change '. leading and developing partn¢rships and initiatives to arxelerate innovation Education and training '. building ¢apacity for ecologi¢al r¢storation and working wilh young people to take climat¢ action Knowledge exchange and public engagement .' 5harin8 our knowledge and experience to 5UPPOrt oth¢rs. Based in Durs]fries and Galloway, we are an ind¢pendenl and agile hub for project work, policy transfeT and applied research. ACHIEVEMENTS AND PERFORMANCE Review of Activitie5 We continue 10 engage with the Scottish Governmeni and with other environmentsl Centres of excellence to pursue our projects through scientific endeavour cducatiot)al and artistic engagement. The active projects during this p¢riod were BiospheTe Explorers Peatland ACTION Flux Tower Peatland Conne¢iions Our Coasi & Climate Change Natural Capital Realised Sheep's Wool Lab Trial Kirk¢udbright Partner Cl&ss Peatland Mini module MDS Estates Ulster Wildlif¢ Tntst Training DG OWL Page I
Crichton C9rbon Centre ort of the Trustee5 for the YeRr Ended 315t Jul 2025 ACHIEVEMENTS ADD PERFORMANCE Investment Policy and Performance The Board of Dire¢iors has considered rh¢ most appropriate policy for investing surplus funds and beli¢v¢ maintaining all reserves in th¢ bank account provides security, while ensuring funds are readily available when required. FlTrANCIAL REVIEW Principal funding sourees The original philanihropic funding ¢ommitted at inception continues to support some Core costs, while the opportunities to apply for specific projeci fvnding increase. Specific project research and cducational work ¢oniribute fee income both lo projects and to core costs. The generosity of RSK Group it) sponsoring the Centre is 8ret*tly appreciated. A rolling annual budget Is maintained and r¢port¢d on at rnonthly meetangs. R¢$¢ry¢s policy The charity's truste¢5 have established a policy to maintain unrestricted reserves. which are th¢ free reserve5 of the charily, at level which equaies to approximately six month5 unrestricted expendiiure. At this level the trustees believe th¢ charity's activities could conrinue, in the short temi. in the event of a significoni drop in funding. It would obviously b¢ oec¢ssary to consider how the funding would be replaced. There are eurrerttly ioial reserves of £200,208 12024 £145.659}. cornprising of £-30,841 {2024 £42.776} in unrestricted funds and £2i1,04912024 £102.8831 in restricted funds. FUTURE PLANS The Crichton Carbors Cenire is committed to being sustainable. in all tneanings of that word and to collaborating Wlth ftllow enyironrnenial, charitable and commercial allies. STRUCTLIRE, GOVERNANCE AND MANAGEMENT Constitution The company. which is a recognised charity in Scotland. is re8lStered a5 a chaTitable company limited by 8uaTantee and was sei up by a Memorandum of Association on 12 Novctnber 2007. The M¢rnorandum and Articles of As50cialson give wide powers. but its aciiviti¢s must b¢ charitable. The Charitable Purpose of the Centre ("the Charitable Purposes") are.. (al the advancement of research, training and education principally in relation io carbon and oiher USe$ of climate ch4n8e, their impacts upon the environment Worldwide and methods of off-setting these impacis. and (bl th¢ advancement of environmental protection and improvement through all r¢l¢vant mean5 and methods. principally in relation tt> carbon and other caus¢s of climaie ¢hange, renewable en¢rgy and energy effJcieneie5. Page 2
CrÈ¢hton Cgrbon Centre ort of the TTll$tees for the Veiv Ertded 31st Jul 2025 STRUCTURE. GOVERNANCE Af*D MANAGEMENT OrgAni5Ationhl Structure and d¢ci$ion mgking The Board of Direciors meets bi-monthly. Meetings are always attended by the staff. And frequently by sUPPOrters of our ethos and work. The Executive Team is Tesponsibl¢ for implementing strntegy. running the Centre on a day to day basis and the development of PTojects. Recruilnient throughout the period has continued to 5UPPOrt our work and our diverse and talented Exe¢utiv¢ team now number$ 8, Dr Emily Taylor leads the team as Director. Anna Basley, a soil 5peciali5t. 15 our Pcatland Programm¢ Manager. Kerry Morrison 15 our P¢atland Connections Officer, and a Socio.Ecologi¢al Artist. Carys Mainprize leads on corntnuni¢ations and educational interventions. Greer Bla¢kadder is our Office & Finance Manager. Victoria Johnson takes on the role of drone piloi in addiiion 10 her Project Offlcer role. Phoebe Gray successfully completed Iraining and is now a junioT project officer Robin Lloyd was recruited in July '24 on a part tiTne basis. which Combines Wlth hi5 MasteTS TesEarch ai University of Glasgow. His post commenced in August. We have succeeded in attra¢ting tslented people to the Centre. from within aod outwith the area. Their commitment and dedication is highly valued and enables the Centre to opcrate in such diverse ways. We are committed to enabling our staff to develop their fvll potential. and happy to invest in their iraining. We also b¢nefit from th¢ input of our volunteer Education Associate, Alic¢ Campbell. Recruitrnent and appointment of ntw tru$te¢s The management of the company is the responsibility of the Trustecs who are ¢l¢¢ted and co-opted under the ternis of the Arti¢les of Association. The or8ani5ation is not curr¢nily expecting io r¢¢ruit or appoint new TTUStees. Our 3 person Board M¢rnb¢rs are'.- Dr Mary-Ann Smyth Ms Gillian Kh051a Professor David Graham Clark OBE. Risk mAnAgement The major Tisks io the charity have been reviewed and there ar¢ system5 and procedures in place io mitigate those risks. The main risk faced by the charitable company 15 the risk of funding being redu¢ed. As public funding continues to decrease. Ih¢re is always a concern that funding rnay be scaled b#¢k. However, lo mitigate this risk, Trustee5 continue to source additional funding and alternative income streams. REFERENCE AND ADMINISTRATIVE DETAILS R¢gist¢red Cornpany number SC327623 (Scotlandl Registered Charity number SC038915 Page 3
Criehton Cxrbon Ctntre ort of the Trustees for the Year Ended 31st Jul 2025 Registered office Studio 2 Hillend Mill Kirkgunzeon Dumfrie5 DUMFRIESSHIRE DG2 8LA Trustees Ms G F Khosla Dr M A E Smyth MIEnvSc AIEEM Professor D Clark OBE FACSS Iresigned 3.12.241 S Conn¢lly18ppointed 9.4.251 Comp#ny Secretaries Mrs G Blackadder J & H Mitchell WS Independent Examiner FaTries Kirk & Mcvean Dumfries Enterprise Park Heathhall Durnfries DUMFRtESSHIRE DGI 3SJ Prin¢ipg1 Addres5 Studio 2 Hillhead Mill Kirkgunzeon Dumfri¢s DG2 8LA Approved by order f lh¢ board of trustee5 on 18th FebTuary 2026 and signed on its behalf by.. Ms G F Khosla- Trllsle¢ Page 4
liide endent Examiner 5 Re rt to the Tru$tee$ of Crichton Carbon Centre I report on the accounts for the year ended 3 Isl July 2025 set out on pages six to eighteen. Respective re5ponsibilitie5 of tru5tee5 txAminer The charlry's trustees are responsible for the preparation of the accounts in accordance with the t¢rms of the Charities and Trustee Investment {Scotlandl Act 2005 and ihe Chariiies A¢¢ovnts (S¢otlandl Regulations 2006 las amended). The charity's trustees consider thai the audii requirement of Regularion 1011)la) to Ic) of the Accounis Regulaiions does noi apply. It is my respgnsibility to examine the accounts a5 required undeT Section 441 I Ilc) of th¢ A¢t and to state whether particular matters have come to my aiteniion. B4$1$ of the independent examiner'5 report My exarnination was carried out in accoTdance wilh Regulation I l of the Charities Accounts (Scotland) Regulations 2006. An examination in¢ludes a review of the accounting records kept by the charity and a cotnparison of the accounts pre5cnted with ihose records. It also includes consideration of any unusual item5 QT disclosures in the account5. and 5¢eking explanations from you as trustee5 concerning any such maners. The procedure5 undertaken do not PTovide all the evidence that would be T¢qUITed in audit, and consequently I do noi expres5 an audit opinion on the view giv¢n by the accounts. Independent exfiminer's statement In ¢onneciion with my exam5nation. no rnatter hAS come to my attention .' 11) which gives Tne reasonable cause to believ¢ that, any rnaterial respecL the requirements to keep ac¢ounting records in accordance with Section 44{11(al of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations: and to prepaTe accounts which accord wilh th¢ ac¢ounting record5 and to cornply with Regulation 8 of the 2006 Accounts Reglllation5 have not been mei: or 12) to which. in Tny opinion, attention should be drawn in order lo enable a proper und¢TStanding of ihe accounts to be reached. Mr Rodney Palmer CA The Institute of Chartered Accountants of Scotland Farrie5 Kirk & Mcvean DuTnfrie5 Enierprise Park Heathhall Dumfries DUMFRIESSHIRE DGI 3SJ 18th February 2026 Page 5
Crichton CArbon CentTe StatemeNt of Fin¥nei#l Attivities for the Year Ended 31st Jul 2025 2025 Total fvnds 2024 Total funds Unrestricted funds R¢siri¢t¢d funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 59.333 59,333 31,433 Chgritfible Activities Research Projects 91.669 57.076 214.256 148,745 214,256 59,983 197,818 Investment income Oiher in¢orne 1,509 7,316 1,509 7.316 2.187 5,000 Totgl 159.827 271,332 431.159 296,421 EXPENDITURE ON Raising funds 8,915 8,915 22.584 Charitable Activities Research Projects 19.790 99,922 84.057 168.015 103.847 267,937 221.016 116.691 Other 1.200 1.200 1,200 Total 129,827 252.072 381.899 361,491 NET INCOMEI(EXPENDITURE) Transfers between funds 30,000 72,781 19.260 172.781) 49,260 165,070) 12 Net rnovement in funds 102,781 153,521 } 49,260 165,070) RECONCILIATION OF FUNDS Total funds brought forward 42,776 102,883 145.659 210,729 TOTAL FUNDS CARRIED FORWARD 145,557 49,362 194.919 145.659 The notes forrn part of these financial statements Pag¢ 6
Criohton Carbon Centr¢ Balance Sheet 31$t Jul 2025 2025 Total funds 2024 Total funds Unrestri¢ted funds Restricted funds Notes FIXED ASSETS Tangible assets 3,630 1,005 4.635 2,770 CURRENT ASSETS DebtOlS Cash ai bank and in hand 10 23,214 132,686 23,214 181,709 48.571 108.704 49,023 155.900 49.023 204,923 137,275 CREDITORS Amounts falling due within one year 113.9741 {6651 114,6391 {14.3861 NET CURRENT ASSETS 141.926 48.358 190,284 142.889 TOTAL ASSETS LESS CURRENT LIABILITIES 145,556 49.363 194.919 145,659 NET ASSETS 145.556 49,363 194.919 145,659 FUNDS Unrestricted funds Restricted funds 12 145.556 49,363 42,776 lQ2,883 TOTAL FUNDS 194.919 145,659 The charitable company is entitled to exemption from audit under S¢¢tion 477 of the Companies Act 2006 for the year ended 3 1st July 2025. The member5 have not required the cotnpany to obtain an audit of its financial statem¢nts foT the year ended 31st July 2025 in accordance wilh Section 476 of the Companies Aci 2006. The trust¢¢s acknowledge their responsibiliti¢s for la) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing finan¢ial statemenis which give a true and fair view of the slate of affairs of th¢ ¢haritable company as at the end of each finan¢ial year and of its surplus or deficit for each financial y¢ar in accordance with the requirements of Section5 394 and 395 and which otherwise cotnply with the requiretnents of the Ctstnpanies Act 2006 relating to rinan¢ial staiements, $0 far as appli¢able to the ¢haritable company. Ib) The notes form part of these financial staternents Pag¢ 7
Crichton carbo Centre BAlgnee Sheet- continued 315t Jul 2025 These financial siatements have b¢en pr¢pared in accordance with the provisions applicable io Chwiiable Companies Subject to ihe small ¢ompani¢s regime. The financial siatemenis were approved by the Board of Trustees and auihorised for issue on 18th February 2026 and were signed on lis behalf by.. G F Khosla- Trustee The notes fom part of these financial Statements Pa¥e 8
Crichton Carl Centre Note5 to the Fin#n¢i81 Statements for tlie YeHr Ended 31st Jul 2025 GENERAL INFORMATION The ¢harity is a company limited by guarantee, incorporated in Scotland and is goveTned by its Memorandum and Articles of A550ciation. In the eveni of ihe ¢ompany being wound up the liability in respe¢t of the guarantee is limited to £1 per member, The addre55 of the registered office and principal office can both be found on pag¢ 3 of the Financial Statemenis. The finan¢ial stsiements relate to Crichton Caon Centre, an individual entity and the presentaiion currency u5cd 15 Pound Sterling {£}. ACCOUNTING POLICIES Basis of prepgring the financial stitement$ The financial staletnents of the charitable company, which is a public ben¢fit entity undcr FRS 102, have be¢n prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reportin8 by ChaTltie5'. Staiement of Recommended Practice applicablc to charities preparing their ac¢oun15 in accordance with ihe Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finan¢ial statements have been prepared under the historical cost convention. Income All inwme is recognised in the Statement of Financial Aciivities on¢e th¢ charity ha5 entitleThent to the funds, it 15 probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditur¢ a5 soon as there 15 a legal or constru¢tiv¢ obligation committing the charity to thai ¢xpenditure, it is probable that a transfcr of econotnic benefits will be required in 5ettl¢Tnenl and th¢ amount of the obligation can be measured reliably. Expendiiure is o¢¢ounted for on an accruals basis and has been classified under headings that aggregate all c05t related to the ¢ai¢gory. Wh¢re costs cannot be directly attributed to particular hcadings they have been allo¢al¢d io aciivities on a ba515 consistent with ihe use of r¢$our¢es. TAngible fixed A5set5 Tangible fixed a55¢ts are stated at cost less depreciation. Depreciation 15 PTovided at rates calculated to write off the Cost of fixed asseis, less thesr estimated residual value, oveT their expected useful lives on the following bases.. FixturES and fittings 25 % reducing balanc¢ Cornpuier equipmen¢ 330/0 r¢ducing balance The a55et5' residual values and useful lives are reviewed, and adjusted. if appropriate, at the end of ea¢h reporting period. T8xation The charity is exempt frotn corporation tax on ils charitable activities. Fund aeeounting General funds are unrestricted funds which are available for use at the dis¢r¢lion of the Trustees in furtherance of the general obje¢tiv¢s of th¢ ¢ompany and which have not been designated for other purposes. Restricted funds are funds which are to be used in actordan¢e with specific restTj¢tions imposed by donors OT thich have been raised by the company for particular purposes. The costs of raising and adrninistering Such fund5 are charged against lh¢ specific fund. The aim and iise of each restricted fund is set out in the notes to the finanGial statements. Page 9
Crl¢hion Cgrbon Centre Notes to the Financial Statement$- tontinu¢d for the Year Ended 31st Jul 2025 ACCOUNTING POLICIES- continued Fund accounting Inve5tinent incotne, gains and losses are allocated io the aPPTopriat¢ fund. Pension costs The cornpany ¢ontribut¢s to personal pension plans of lis ¢mployees. The pension costs charged in the financial 5tateTnenis repr¢s¢nt the ¢ontributions payable by the ¢harity in the year. Finan¢i41 instruments Cash And bank Cash and bank comprises cash on hand and funds held on deposit. Trade debtors TTade d¢btors are arnounts due from customers for ihe provision of 5ervice5 sold in the ordinttry wur5e of operations. Trade debtors are recognised initially al ihe transaction price and r¢present the full value of ihe Services charged tg customers, including any atnounis charged on for third parties. TrAde creditors Trade CTeditors are obligation5 to pay for goods or services that have been acquired in the ordnary ¢OUTse of business from supplieT5. Accounts payable are classifid as Current liabilities if the company does not have an unconditional right, at ihe end of the rew)rting period, to defer seitlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settl¢tnent for ai least twelve tnonth5 after the reporting date they are presented a5 non cU£t liabilities. Provlsions And contingencies Provisions are re¢ognised when the company has a present legal or ¢on$tru¢tive obligation a5 a resuli of past event5. it is probable that an outflow of resources will be required to settle the obligation., and lh¢ amount of the obligation can be estimated reliably. INVESTMENT INCO.ME 2025 2024 Deposit account interest 1.509 2,187 Page 10
Crichton Carbon Centre Notes to the FirtxneiAI Stxtements- continued for the YeAr Ended 31st Jul Z025 RAISING FUNDS Raising donation5 and legacie5 2025 2024 Support costs 8.915 22.584 NET INCOMEI(EXPENDITUREI Net incomellexpenditurel is stated after ChargIn(Creditig). 2025 2024 Depreciation owned assets Surplus on disposal of fixed assets 2,340 (2891 1,408 TRUSTEES, REMUNERATION AND BENEFITS There were no trustee5' Ternuneration or other benefits for the year ended 3 1st July 2025 nor for the year ended 31 st July 2024. Tru5tees' expen5e5 There were no trustees, expense5 paid for the year ended 31 st July 2025 rtor for the year ended 31st July 2024. STAFF COSTS Th¢ average monthly number of employ¢¢s during the year was as follows.. 2025 2024 Administrative Proje¢ts No employees received emoluments in ex¢ess of £fjO.000. Pagell
Crithton Carbon Centre Notes to the FinAncial Statement5- Continued for the Year Ended 3151 Jul 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unresiri¢ted funds Restricted funds Total funds lTr*COME AND ENDOWMENTS FROM Donation5 and le8acie5 31,433 31,433 CharitHble aetivities Research Project5 59,983 59,983 197,818 197,818 Investment income Other incoTne 2.185 5,000 2.187 5,000 Totil 98.601 197,820 296,421 EXPENDITURE ON Raisitt¥ funds 22.549 35 22.584 ChAritAble gctivities Research Projects 32,892 32,988 188.124 83.703 221,016 116,691 Other 1.200 1.200 Total 89,629 271,862 361,491 NET INCOME/{EXPENDITURE) Trnnsfers between funds 8,972 6,072 174.042) {6.0721 165.0701 Net movement in funds 15.044 180,1141 165,070) RECONCILIATION OF FUNDS Total funds brought forward 27,732 182,997 210.729 TOTAL FUNDS CARRIED FORWARD 42.776 102,883 145,659 Page 12
Crichton Cyrbory Centre Notes to the FinAncial Statement5- eontinued for the Year Ended 31 st Jul 2025 TANGIBLE FIXED ASSETS Fixtures and fittings Plani And machinery Tota15 COST Ai 1st August 2024 Additions Disposals 43,761 4,610 1883} 3,860 47,621 4.610 18831 At 31 st July 2025 47,488 3.860 51.348 DEPRF.CIATIOY At l sl August 2024 Charge for year Eliminated on disposal 41,041 2,320 (478) 3.810 20 44,85 1 2.340 14781 At 31 si July 2025 42,883 3.830 46,713 NET BOOK VALUE At 31 si July 2025 4.605 30 4,635 At 31 si July 2024 2,720 50 2,770 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors 23.214 48.571 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trad¢ creditors Social security and other taxes 3,244 5,395 4,800 1,200 2,679 4,749 5,758 1,2QO VAT Accruals and deferred income 14,639 14,386 Page 13
Crichton Carbon Centre Notes to the FinAneixl Statements- tontinued for the YeAr Ended 31 st Julv 2025 12. MOVEMENT IN FUNDS Nei movement in funds Transfers between funds At 31.7.25 At 1.8.24 L'nrestriet¢d fund$ General fund Flux Project 42,776 29.999 40.079 32.702 112,854 32,702 42,776 29,999 72.781 145.556 Restricted funds Biosphere Explorers Project Peatland ACTION Proj¢¢t Flux Project Peatland Connection5 Peatland Mini Modul¢ MDS Estaies Our Coast & Climate Chang¢ Natural Capital Realised Sheeps Wool Lab Trial Kirkcudbright Partner Class Esmee Fairbairn SOSE Peats Project 6.082 407 32.702 14.474 4.030 1,241 19.592 19.697 3.383 1.275 3.601 1107) 9,683 {3001 {32.7021 114,474} {4,330} (1,241) 11.222 12.593) 300 {19.5921 {17,1041 13,J831 11,222 11.275) 12.500 15.958 12,500 15.958 102.883 19.261 {72,7811 49,363 TOTAL FUP4DS 145,659 49,260 194,919 Page 14
Crichton CArbon Centre Notes to the Finxneixl Stat¢ment$- ¢ontinued for the YeAr Ended 31st Jul 2025 12. MOVEMENT IY Fuf4DS- eontinued Net movemerkt in funds. included in the above are as follows.. Incoming resources Resources expended Movernent in funds Unrestricted funds General fund 159,827 1129.828) 29.999 R¢$trlc¢ed funds Biosphere Explorers Projeci Peatland ACTION Project Peatland Connections Peatland Mini Module MDS Estates Our Coasi & Clirnate Change Natural Capiral Realised Kirkcudbri8ht Partner Class GG Legacy Fund Esmee Fairbairn SOSE Peats Project Peatland Action Restoration Training 4,196 71,558 (595) 171.665) 114,474) {9.177) 142,126) 13,7281 {2.5931 {1.2751 {1.5001 3,601 11071 {14.4741 14.3301 4,847 40,885 14,950 1,222 12.5931 11.2751 1.500 12.500 71,495 49.401 12.500 15.958 155.5371 149.4011 271,332 1252,0711 19,261 TOTAL FUNDS 431.159 (381.8991 49,260 Page 15
Criehton Carbon Certtre Notes tts the FinAntiAI St#tements- continued for the YeAr Ended 31st Jul 2025 12. MOVEMENT IN FUNDS- continued CompgrAtives for movernent in funds Net movement in fijnds Transfers between fund5 At 31.7.24 At 1.8.23 Unrestrieted funds General fund 27.732 8.972 6.072 42,776 Restricted fllnds Biosphere Explorers Projcct Peatland ACTION Project Flux Project Peatland Connections Peatland Mini Module MDS E5talcs Oui Coast & Climate Change GG Education Work Ulster Wildlife Trusi Training Internship Natural Capital Realised Sheeps Wool Lab Triaj Kirk¢udbright Partner Class 32,138 66,035 48.716 16,398 4,030 1,241 8,367 2,000 3.273 799 (26.056} 165.628) (16,014) 11,924) 6,082 407 32,702 14,474 4,030 1.241 19,592 1,225 12,0001 {3.2731 1799} 19,697 3,383 1,275 19.697 3.383 1.275 182,997 {74,0421 {6,072) 102,883 TOTAL FUf4DS 210,729 165,0701 145,659 Comparative net mtsv¢rnent in funds, included in the above are &$ follow5.. Incoming resources Resources expend¢d Movement in fund5 Unrestricted funds General fund 98.600 (89.628) 8,972 Rtstricted Biosphere Explorers Proje¢t Peatland ACTION Proj¢ct Flux Project Peatland Connections MDS Esiaies Our Coasr & Climate Change Natural Capital Realised Sheeps Wool Lab Trial Kirkcudbright Partner Class 9.003 55.349 19,996 25,582 43.000 18.400 20.496 3,495 2,50Q (35,059) 1120,977) (36,010) (27.5061 (43.000) 17,1751 {7991 126,056) 165.628) 116,014) (1.924) 11,225 19,697 3,383 1.275 11,225) 197.821 1271.863) 174,042) TOTAL FL'NDS 296,421 (361,491) {65,070) Page 16
Crichton CArbon Centre Notes to the Flnanelal St4tements- continued for the YeAr End d 31st Jul 2025 13. RELATED PARTY DISCLOSbRES The Charity received sponsorship of £12.000 (2024- £12,000) from RSK Group. of which Dr M A Srnyth. trustee. is director. The transaction was tnade at artns length and under noTtnal commercial teTms. 14. PENSION COMMJTMEiwrs The charity pays contributions to ernployee5 individual pension 5ch¢mes. The pension cost charge represenis contribution5 paid by tlie charity to th¢se individual schemes and aynountcd to £13,35312024 £13,103). 15. FUNDS Des1 nated Flux Project The Flux Tower Project 15 an applied research project to measure greenhouse gas emissions on an afforested deep peat Slte in Dumfries and Galloway. CCC is wort(ing with partners to identify research siies, define research aims and support ihe installation, maintenance and data gathering. This data will help fill a gap in our knowledge on the long term impacts of commercial forestry on organic soils. The tower was con5tTUCt¢d in a forest on deep peat. It opened early 2024. Wlth CCC providing 5tatT tirne to mainiain ihe equipment, download and manage the data over at least a 5 y¢aT period. This project had previously be¢D ¢reaied as restricted. but on reflection the Trustees have a8Teed the funds for this project should be classed as desgiiiated as no restriction applie9. Restricted Biosphere Explorer5 Project This is a two year edu¢alion proj¢ct working with young people io improve their appreciation and under5tandin8 of their local environment. Peatland ACTION Project This project is helping io manage and restore dama8ed peatland in Scotland. Peatlattd$ Conneetions A 3-year project connecting and re-connecting people to peatlands by reaching out to new audience5. membeTS of the public, 5takeholder5. and partner5 in three ways to Start, and deepen. conversations around peatlatjds and peatland resioration a¢ross the region and beyond. Our Coast and Cllmate Change An I l-month project visiting 8 primary schools along the Solway Pirth to dis¢u5s coastal ¢limote ¢hang¢ their ¢omtnunities face. Nitural Capii#l Re#lised Natural Capital Realised is a project taking leaming from real world examples of investment in restoration of previously afforested peailands in the south of Scotland 10 beiier assess where this work is most appropriate for rnaximurn environmental and economic benefit and develop me¢hanisms io allow private investment lo help achieve this at s¢alr. Sheep's Wool LAb Trial A project to explore the potential environmental risks a$so¢iat¢d with leaching pesticides (pyrethroidl frorn sheep wool, which have potential to be used for peatland resioraiion. Kirkcudbright Partner C188$ Page 17
Crichton Carboii Centre Note5 to the FrnRncial Statcment5- Continued for the Year Ended 315t Jul 2025 15. FUNDS- ¢ontiNued A Kirkcudbright P6 class of 26 pupils will receive a monthly vtsit or class tTtp throughout the school year. which will focus on climate change. environmental issues, and nature. There will be 4 class trips to ArgTennan House. This is 2 days a month project. for 10 months. PeatlAnd Mini Module A project io develop a peatland focused mini module for Environmental Sci¢nce Nat 4]5 course to be taught in 3 school Class sessions and eventually rolled out to be taught across the region. MDS Estates A project to assess, map and priorilise peatland condition and r¢5toration necds acros5 the Scottish Estate areas to forni the basis of an Operational Plan and allow the Estate to improve peatland condition for carbon 74nd wider environrnent bencfits. Esmet Fairb#irn A project lo build capacity and expand our su¢¢¢ssflll approache5 to nature restoration And upscale our work with our partners to deliver OUT ¢oll¢ctive objectives for Esrnee'5 Our Natural World and 5-year priorities for Peat and Space for N2tur¢. SOSE Peats Project A proje¢t to develop a Souih of Scotland specific approach to peatland restOTaiion and identifying Natural Capital investment opportunitie5 to 5UPPOrt environtnental enhancements and Net Zero targets. Page 18
Crichton Carbon Centre DetAiled Statement Of Financial ActivÉties for the Yehr Ended 31st Jul 2025 2025 2024 INCOME AND ENDOWMENTS Donitions and legacies Donations Sponsorship income 47,333 12,000 19,433 12.000 59,333 31,433 Investment income Deposit account interest 1.509 2.187 ChAritxble g¢tivitte5 CCC - Fee Income PTojects- Grant Income 197,844 165,157 134.455 123,346 363,001 257,801 Other income Gain on sale of tangible fixed assets Employrneni Allowanc¢ 289 7,027 5,000 7,316 5,000 Total incoming re50urce5 431,159 296,421 EXPENDITURE Ch#rit•ble a¢tiviti¢s Wages and Salaries Social security Travel and subslSt¢n¢¢ Property Repair5 237,920 14,584 16,405 49,030 238,334 17,512 13,603 14,303 317,539 283,752 Support ¢ost$ Management Pensions In5uranc¢ Telephone Postage and stationery Advertising Book-keeping Consultants Carried forward 13,353 4,469 1.152 433 149 13,103 3,503 1,586 3,353 150 392 6,291 28,378 7,692 27,248 This page doe5 not forni part of the statutory financial statem¢ntS Page 19
Crichton Carbon Centre Detailed Stfitement of FinAncial Aetiviti for the Year Ended 31st Jul 2025 2025 2024 ManAgement Brouglit forward Conference & events Other office costs Website SubscriptlOll5 Water Rates Premises & equipment Training Hire of Rooms & Ha115 Car & Bus Hire Depreciation of equipment Deprecia¢Ton of Fixtures & Fittings Bank Charges 27,248 600 2,831 70 1,800 192 23,166 1,532 2,436 946 2,319 20 28,378 6.05 1 2.200 438 174 26.657 7.809 901 2.449 1.363 45 74 63,160 76,539 Governanee costs A¢countsncy 1.200 1,200 Total resource5 expended 381,899 361,491 Net Incom¢ll¢xpenditure) 49.260 165.0701 This paBe does not form part of th¢ statutory financial statements Pag¢ 20