ThÉ ALBYN FOUMDATION REGISTERED CHARrrY NUIIBER SC039B94 COMPANY NUMBeR SC348754 FINANcL STATEPAENTS FOR THE YEAR ENDED 31 JULY 2025 12 CARDEN PLACE ABERDEEN AB10 1UR
TNE ALB YN FQUNDATIQN CONTENTS Page Trustees. rewrt Independent auditc<s Staternentdfnancial 2th1t5 Baancè shÈ Staternenl clca5h 10 Notss to the fnanLyal staknents 11-17
TNE ALB YN FQUNDATIQN TRUSTEES. REPORT I1LI1D1NG DIRECTORS. REPORTI FOR THE YEAR ENDED 31 JULY 2025 The tnJsieÈs ryÈSenttrr annual Strnts fvthÈyeared 31 2025. The finanual slalemenLs have been prepared in acC¢)rd¥ i"th accountiry KieS t wt in note 1 to the financial statemonts and ComFY with Iho charitable cT¥alS and AJtides of AsallOn Charthos ard Ttustee Investrnent Iscouandl Ad 2005, Ihe chath ACnts.scoI Regu1 las aMeredId.AcC0lIg and Reportsng by Chartbes." Statetnentof RecarnmetNled Pr&tLe lo thtse5 wepariDg IhfflraEEDunts in aGcordan(x YJlth Ihe Fnancial Reportin9 Si8nO¥d UK of ITrand IFRS 1021" leffeai¥e 1 January 20191 Obj2CtNes and activthe5 main objective of the eharitstrde conwny is than(Ml educalK forlhe pLA benefrt. The eharitaNe company ayns to raise through vinous futKJraNng illrtHbves and dona5 for the pwpo granting and eStalSl¥j bursaries. scholarships a[ prizes. The58 grdnts. bursanes atvj sdKlat5hps %vll be awarrjed to any Charit educational tsiablishment appioved by ihe trlet$ •d to PLyls aThJ Swdents any of these apwoved educaknon81 ¢$¢al$rn•)ts. Achlevements and performance S0(&taCti'11tieS andsGhie¥enwtsayainsl Lye¢in Thp tharitatde (nthnued 10 ie¢ve reasonatAÈ leve& of%knatKJrts. tthYeverihÈse are loww than we have seen in cttntyrs. Th chantauè comwny has stil been ab to make 9rant ayraS in linè wth ts thantr objecbvès. Financial review The SLYdu5for the year amounw lo £9.54812024.. £2431. 11 is the Board$ leY to aim tts rèkin sufficient funds 8Jknv timety granting of awaffjs and exp8nses ttr appropriaie pewts. Toia unr8StrKied TrsaI th& baarte sheei dats anb>Jntsd 10 £154.47612024." £144.9281. Rese$ pthy Unrestrct4d ner•I fuids- Ih•% are fvJTrdswthKh t4 L4d xc¢rCO with tharitable c4•cts al th• dretn of ihe Iruslees The ¢haritsSk ¢orya)y has nsk management pdKes and rKocedures lirough which nsks wsing frtym the exislrvj Operatn5 and deVd0pmlS are identified ewdluated. The teS ale requyed to identify and alyse risks relevant lo their scope of activibes., assess them accordirwJ to Ihe rnpxt on the charille cornpany ar their Ikelihood ol occurren and report on the procedures are in P. ar are beg devw e(wiced. b wovKle ass ihat thp nsk is boing manèJ•d. Plans forfuture perlods The Iruee3 have W0v$ prgetts UndeaY 10 tatse awarenéss and incory in the ¢¢min9 ye¥. This. tO9etrr wth 8¢cumulal8d surplus. alow to colD to ward grants. K$arleS and h¥dship wards the comr year. Structure, govomanc• avwj Managem1 The Albyn Foundation ia charitatrAe c(Thpany limited by 5uaranteel is goveffled by Tis M&m(YatKlum ènd ATticleg of Association The cornpany was ITwotated on 18 _pteThber 2008 and rt 15 a registered Gharity. In the event of ih ch8ritatAe company berywwnd w. li8blty in resrct ofthe arantee iiTh)ted to £1 nner. ReGnntrneM aFKIapIffjentOftIees The numb&" of tru8tsÉs of the charlDIe ¢LMnY is not less than 1 than 20. The rnajoiity ef trustees are quired lo be UK resiJ8ni aThJ ¢h rrwtsr of Ihe dgriiable ctynpany shall also be a 1rtts18e. Or* hrd of Ihe Irusi88S rebre by ratation every 3 yeaE. Up)n retiral by rrrtath)n a perKffi may be itrwnled as a truslee rf hdshe consents lo sh rP-4PDIt[ntad such altment has the una[mmo aprwovaloflhe reffln1Th) tsustees.
TNE ALB YN FQUNDATIQN TRUSTEES. REPORT I1LI1D1NG DIRECTORS. REPORTI ICONnNUEDI FOR THE YEAR ENDED 31 JULY 2025 A trustèe Dfbyn Lmnited. G Bell. is aso a trus ofthÈ FtyJndOn. Trustees adverti8e to atlract CandaleS th3t COU best the skils anc expffiffKZ fBquired to furlh8r ihe aims 8spiral#y6 of the Fourdabon. C¥laleS be d Wwlhen beapwnted by theexising tnBiees folbwlig ceipt of 8 signed aprAt4tron fcm. are ilVrt6d frem ¢an briro krwknledga d expwBrte lo cr more are3s such as secondary education. kgal. finartt. charda tyndraiwry. or markeDryJ. These appIr6 ¥e tren considerwj alonde the existiro truslees. skllset. Organisalional sIFUCturg tharrfable coryarty's cperatsw are ovwseen by ofTnJstees artY to rnC47rfN progi8S$ 8nd pbn future Initialrs. The day to d3y njnnng of kne charite ci)rnpary fflanaged by Graeme Park, Director of Finance Thp 8¢UntiTr9 rdS are ma1)tsi byGrft PaT. Indithn andtningtrUsteeS The Board strrrfes lo ensure Ihal Ihe m155 are ar th[ roles respSIbIlit as a ch3iW trustee. orhwmall6 Th8 IrJsle&s arg resp)n$t Iw the rnainiwwce and lgritY ol Ihe Corpale and financial InformalTr induded on llidritsb Lt)InpdllyS websilE. LEY3AdI1CI iii the UrulEd ltiiTrgdtxti Wvwtlii tKEVdratvn <ifKI tfjssett1iiithTr uf fili<11<11 st8tements may differfrom leg1 in tthrjuWthor6. Refationslxp wilh relatedpertEs Albyn School Limited a1 its puplsltK)kn'.l pwxLs are to be the benefKiarie5 of fu$ rais by The Ajbyn F(ndatn. Ml expenses ofThe Mbyn FoUrdatI MEI by Abyn SdK>L4 rnited. Abyn SL+ LitniiEd 15 IhE ultimBte p&rent (xxnpBnyof Thp Abyn Foundat.
TNE ALB YN FQUNDATIQN TRUSTEES. REPORT I1LI1D1NG DIRECTORS. REPORTI ICONnNUEDI FOR THE YEAR ENDED 31 JULY 2025 Rgferonco and nIStratIV InfOrnon Charfty narne The Nbyn Fda1 Charity number SC039894 Comparby number SC3487Y Senbor managemdnt G Parf( Principal addwpss 17.23 Queen's Rtd. Abwdeen. B15 4PB Reglstered vffl 2 Manscha Square. knrdeen. AB1U 1tx) Auditor¥ MHA. 12 C8rden Plat& thrde. ABIO 1UR Bankgrs Bk of Scthand plc.PenlatKI FbJ5e, Ethb. EH12 9JO SolicitorB Bwnès8 Paull LLP. 2 Mam¢hal Sguare. ALdBerb. A810 1DQ Trustéès Thp trustee. ¥vho is a50 the dirpctor frthe putW5Eofcompanylaw, atwjwlm) 5etved th2 yearand up to the dale or signalurtr ottht [antial 8tsments was". G Bell Statempnt of ISteeS, responsibilrfies truste8s, ¥re also the (1Yect$ of byn FuThY8IKn PLYP05e of rAynpany L¥w. ar8 re5Fthsbbfor pr$panng Trustees. Rewrt firwts31 stsierwts In ac•)tdw¢e th •p¥ble law Unit8d KidM ArLounting Standards Iunited Generaly kn£pted knntg Prac111. Audilor In accordanrk with thec(wn1S arith. a res(Aulion proTh) Ihal MHA be reryred a5 auditor of the (x)rry)any wil b put at a G[31 Meetg Dl8¢losuroof inf0mtIOn audltor Each oflhe trustees ha5 nfi[ thalthwe s tK) irth)r1 Ilware is relevant to the audit. tyJt of which the audil(K Is unaw¥re They have lurtFw thai F48ve 18ken 8ppr(wate eps iyenity Such rdevani f¢>rmakn and to t$ish Ihatthe Jartc¥ ts aw& of suth ItknTmaix¥). truste8s' rewtW approved by th& 8t*rd o[TrLO6S. G Bell Trustee 9 January 2026
TNE ALB YN FQUNDATIQN INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE ALBYN FOUNDATION Ownion We have aLKlited thefinancwl slatements olThe jbyn FourKlation ithe'thatilable (x)rrrf)ary l ftKtre yearended 31 July 2025 which comwise staement of fancial8ts lidI) the viume 8ThJ t1pdu8(Ix)vrtI, l$n theei, the Sl8lemenl ol¢ash fb¥4s and noieslo financ1 slaletrwts. irKI19 swanffjt8nl a¢¢tyJthrvJ D(4jc. The fin8wal reportnig trJre¥vork tr8t has been appld in twr L7w and UniPd Kif9dom Acwuntsrg stsndards. incI1n9 Finanoal R8wding Stsndard 1112 Th8 Fin8nci81 Rep>t SlandwYapplIt48 UK andRwi)kof Irgland IUDiie Kingijom Generalty Apted Acowntiry Prthl. In ourorinkjl. the ffin staternents." give a tnje and fairview the state of charitae uThp3rri's alfars a5 al 31 Jul5 2ry25 arKI of incning resour applt8frM d resour. ii¢hJdirg $ In¢cAne experoiuie. forthe year then ended.. have been wepaed in darKith the requretnents ofthe Compan5 A(X 2. Basls for oplnlon We conc wr audit in aCxorce Wit lTrtwrwtKnal slaards (m AuJtir¥ IUKI IISAs IUKllaT apphcable law. Our respobAltieS Lrder Ih05e standards are furher described in AtlOIS re4X)NbilitIeS forlhe autritoflhe finarjcial si8iemeni$ 8ecbon ofw rep. We a ieper1en1 ofthe drrtable ¢thrp8ry in x¢xYthn¢e the etht81 reouirements al are raant to ouraudil of thefnarKyal aatWnBnts the UK. ItLv9 IhE FRC"s EihKal Starrd. and we have fulled our her elhKal responsibdil F)a¢c¢rd¥Ke wilh these re9L4rens. We Wve that lh8 aLhStewd8rte we r@ve ebt8ined is suffvenl and atprowiale lo prfjthe a bask% forour y¥on. Concluslorng relan9 tt 9dn¥ ¢•rtem In audng th8 finantial stxt8m@nts. have Concd5 that uÈ8 ofth8 tyxng(x)n[tn basis ofaccwntity in th8 prepatatK)n of the fInaAal 5tatem&nls is approale. Base(l on work have perfoYme(l. have n(1 entlfred Y materi rwatiry lo ev1$ or wAditi9 t1. dNidu3Jly Lyixllectivdy. rnay casl swifart doubt on the chttab IxNnpanys athty lo )ntinue a5 a wng nIn fora penod ofat kas1 months frcmTrfien tsfinancol simertS areauth0ed Iw8. r nbillIeS Ihe reswrwbiiisofthe Vith wr¥J wrern we desuib•J in the relevant secth)n$ of this rep(Yt. Other information Olher irformaln I>1$eS the inf0mw irtILed i)the rwrtother than ststements and eur 8udilo¢s r8PCt thereon. Tha tru$t88s ar$ res98 fty Ihe other Infcffjna7 ithn ts annual rep¢. opwiion on the finaThJal st31ernents the5 mtcoverthe (ther information atKI. exce0 lo the extent01herw explitxtty stated in aur report. we do not express any fotm d assur C(U5)n thBrn. Chjr re5WbIIty isto re the olher inforrnaliDn d. in oin9 S¢>. eongider wh8th8r tho 0th8r lOr[a ia incontsi8ntwth th8 siat8tnBnt Our obtained in the cout5E Df the or 0lherwi5e appea5to be ThlalY ttXSslated. W we Qentify such Thterial kiconsislenues app¥1 maten Mi$stalents. &¥e ¥e requred to deterrrlne whetrtr th$ gives rise lo ¥ materi8J misslatemenl in the financia staternents IheTnsdves If. basd on Ibe work we hgve rf1M. we adUde that there is a mateiia tnisstaternent of this othei wrf(xrn3ti. we ate rewred to rewjrtthat We have ndlyng to report tgwd.
TNE ALB YN FQUNDATIQN INDEPENDENT AUDITOR'S REPORT ICONTINUED} TO THE MEMBERS AND TRUSTEES OF THE ALBYN FOUNDATION Ownions on other matter5 y•scribed by the cOnieS Ac12006 In our0n. based the Yrk un(lerlaken in he COU of ijuraud Ihe inforrnabon gven In Irusiee5' rwrt f(YlhefmarKaal YearfWIMch the financial slalement5 are wwared. which indudos tho diroctors. rewrt pwared fort wtpsses dct]rnY is Content ¥rith finanoal statemÈnts. ar e drectors. rerort within thetwses' rerN)rt has been yepared n acoydance ith atpS¢able le9al requiiernents. ¥atteY8 on whl¢h wo aw ragu 10 rewi by exce[0 In lh8 IvJhl ol the knowbdg8 of ts cFwtsbb8 c¢JMpany aThJits envn6n1 ¢bnj In ihEI 0rse oflhe audit. ¥ TK)t identsfied materK41 5statets in the directors. rew ILthd the tmslee5' rep(Yt. We have ndhing lo report restwt ofUE matws in rebtsmtowhth the CompaThe5 Ad 2(X)6. ttKJ Charit$ (Reports Accwn151 RewL4b(ns 2008 kne tharis Accr.ts IS[x)tsrl ReguL4th)ns 20 requyes us tD report lo you rf. in wropinion-. a¢equale accountirvJ recorts ha¥e rrt>lbe8n kepL ¢y reiwnsawuale fty w aJrt b¢en rKJ¢ei¥eJ from branthes no1vrted by us. the fhnanrAal ststements are 1 in agrnent ¥thlhe rettjms". or cetlan disckn5ures of trustees. ret[Mjnpra SppCed by k%v ate not tnth.. or we have nat recered a I theInfrnat and exFIAl5 we requhElorowaudit." or e trustees were Th)t entid&J 10 kyewe fr finanual strt$ in a¢cordarMh tresxnall re9nE and lake 8(Ivantsge of the small Prepari the trlee, rew and from the requirement lo prepae a stRte9 reporL R88pon4bllll8$ oltruste88 A5 ex Jained fulty hn.he StatetOf INslees' reswwblities. Ihetntstees. wlM> are a50 the ditectors of Ihechantable CDtnpany for Ihe wtwe of law, are teswxNtAelortt pation ofthe finan(ia stalemenls and for br s8IBfied Iha tt)ey giva a and fr vtsw. and ftr SLth Intem81 contrt4 8$ th8 trUses d8iwnNn8 1$ r¢assaty ty ¥n8Ue th8 preparalK)n of financia statements Ihaiare free from mrial Tr1sstsfftni. wh8therdu8 to fraud or error. In prepanng the fIral Staents, bwstees ¥e res[5 fcl a5sewThJ IhÈrhariWAe c(Knwy s ability to ¢rrtkYue asa gciThJ oncn. discbsrg. as applKaNe. ThattEs r&aled to g(Mw C(XMrn the wing concetn basis ofaccounliry Un$5 the Itusteeseither intend to liqu.date the tharitaAe (J)[nY (t0 se ope[5. or rK) realist altemative but to tk) $0 Audltor's rnsponslblllo5 forth6 audbtof thg finan¢W stalemw We have been apwinted a$ 8uditty under tr Act 2(mar Wh)I4411Xcl oytrt chari$ and Trustee Investrnent IS¢oUandl Art2005 and rel in a(Y(Kdarreith the P£ts aThJ relevant iewlalions rna< or havingeffecl ereunthr. roecb8 are to obtn rea$t4&%$Ul¢e tthe{ the fin)¢K¥ statemwts 8sa whc4e are fr8e from malenal misslatenEnt, therue10fr8vo orerr(K. and to iswe athit¢fs report th• wr opir¥on Reas¢nabk aswren a high level Orasswan but rK>t a guThtee lha( alIt (dted n actordanTr With ISAS IUKI wll ah¥ay5 d8tect 2 tnaleiial tni55tatetnent Ythen it exi515. Mlsstsietnents ange Ircvn fraLYJ or arEtS¥JErEd If. iThJMthJ81ty or D the aogregate, raascKY be expeded to Infven Ihe deaSl5 of users taken Ihe bass of these finaicia stalements
TNE ALB YN FQUNDATIQN INDEPENDENT AUDITOR'S REPORT ICONTINUED} TO THE MEMBERS AND TRUSTEES OF THE ALBYN FOUNDATION Tha Èent ts whch t4Jr prrKodures a (patltsofdpt&tir¥J inants$. li¢dIv) ftsud. is detaled baltrw. We otIned an erSIdirvj of the Wl reguL4lory frdr(M¥(xks Ihat are3p1Cab ta Ihe chantsble cOanY. focusy proV10S of those laws and rogulations that had offocl dÈlorThnation of material and discknsuios Ihe financHI statements The mst re¥1 fra[new0 we InCked UK GAAP and the Charthes SORP, Cotnpans Act 2006. the chareS and Ttuslee IrNes1trl IScLllarKII Acl 2005 and th8 Chanaes Accounts Iscotlandl RUlatn$20Qfj. Wa 98ined an und8rstandifKJ of how the (hariiatA8 ctympany wlh thes? lavls and requ19bc)s by makrKJ enquir$ ol managernert and triose ¢hW with man¢. We ccfft)bornted these erK4uirie8 through wr review of submrtted relums and board TrEetro miwtes. We asse55ed the susceptlmltyofthe LHtita14Ethtnpatvls finatKial Statements lo TtHtetia mstate[neI, inLludrw how fra might ¢¢r. by nEetirbJ Mlh 9n8ment and thtyse c¢ govern8rKt io ufKYersi¥ThJ ere it w8$ nsidered Ihere was tsusceplibilily lo fi¥ud Thts 9valuaTTr $¢ corwdered htrw rranagetn9 and trmjse chaw8d wlh gtsvprnnTr were rsmunerated and whetr this prowded an ncenlwe fu fraudu admty. We c[SEred the ove1 e&ntrol environment d hDW tr%nagetrenl those chw wth go¥eman ovetsee kne 1rnPmerrtation opp[atn of conlrds. In area5 of the finanoal statetnents whwe the nsk5 were CLjerj io b8 hwer. YR pthed ptocedures lo dresS identid fol prOtsdUs 10 8tyJr8rt8 thaittfjnKi iements Wer&t ofm8tsnal frwd oi arrtr". Revien9 InuteS of mee1.[S 0fth charged ith emar for refere[e to.. breaches of laws andwulation Dr for any indKati(n of any ential and daim5: e4Ents or cxr.ditions that coukl indrate an itKentive or pies5ure ID cornmrtfraud or provKJe an opwmniy io frajd". Reviewng ihe VE1 ofarwj rea19 behvNI the (thitsb procutptnFrt of leg¥J and profEsS81 $8tww6", Pertorming audrt %vork wtxedures over the rtsk DI matOverrIc (cx)ntroL4. irtlthing testing oljouma entries 8nd otr 1d1Ments1or apprtpnate. evaualry the nesS raba of SKJnfftant trani(>r6outside the noal counse of tsInesS and Trwewn9 lLvj5l5 Tnade tyy [rha9ment In thr caIGulaln ofaccountirvJ estimaies lor prttnttal mam9em&)t bos: Agream&ni of finartfdl siatement dtstjsures &N)Jnt4tim. Because Df the inherent lffnitabon5 of an Ihere a riththatwE ¥1 rnl deted all Nrajutsirit5. indudng those ading10 a tDalerial m155taletn8Yt in the firbanoal slalernenls rMTrcwip Vilh regulalx)n This increases ihe m(Ke that comphane wth a or i4 the events transacbons refieci&l wl the finanuel slstements. 83 we wil btr less likdy lo become awaB of in$ceS ef r6k * a0 grpts regardin9 IralItS o¢cuffr Llufr fraud ratrierW error. as tra1 involves frJery. colu9. mweresentation. A fwtherdwpwon ofow reswwtslrfJe5 isavadable Fin1¥ fteryq CwrKil's webwle *' httpS.'Ilwwfrc.(Xg.UlaUdrtl5reb1itIe& Ihis destiirkn forff6 Ptf0 auditors rerth.
TNE ALB YN FQUNDATIQN INDEPENDENT AUDITOR'S REPORT ICONTINUED} TO THE MEMBERS AND TRUSTEES OF THE ALBYN FOUNDATION Use ofour rewl Ths rep(Kt Is made 5d2tytothe Ch1tle (xxnpaThls merrkn. a5a txxty. in (Xdanlh Chafv 3of Part 16 ofthe CompaniesAci 2006. Our &Jditwork has been urthrtaken $0 mwjht slate iothe chèrrt8e ¢onwny s members ihose m8ll¥s we are '8quired to stale Ihsm in •) 8J.$ WOrtd ltrnoottrw wffjose To'h fullesi eXIt pem)itted by iiw. we do wi accept or resp1)ity..artst CAher than tre ¢WiiaYe c(Thpany lh8 cartse s m&mb8r$ 8S 8 body. work. repJL orfy Ihe we Nivef(mied. willia Anderson BA CA ISpni(rStatuknyAudStorl loi and on beha01 MHA Statutory JJdltor AbqrdB8 Unilgd g January 2026 MHA thelrading nane of MHAknit Se[Vi5 LLP. a 1mIty erStp ErvJLind Wa5 (registered number OC4555421.
TNE ALB YN FQUNDATIQN STATEMENT OF FIPiANCIAL ACTivmES INCLUDING INCOME AND EXPENDITURE ACCOiTrIT FOR THE YEAR ENDEO 31 JULY 2025 UrwostroctÈd Unrèsi¥l¢ted funds nds 2025 2024 Income Donatsons and gaC5 Investments 3.CK>D 5.13D 3.240 5.192 Totsl Income 8,130 8.432 Expgn(ur• on: charitab tsVities Totsl experKUture 3.03D Ngt In¢orno for thg ydrl>•forogalrffj and b)$ 5.1(KJ Nel 9ainslllossesl InvestreThIs 11 4.448 N6t In¢ome akwj mo¥eme•)t in lunds 243 Rocon¢iliaboh of funds.. Fund bal8rw al 1 ALuiisf 224 144.928 144.685 Fund balanc8s at 31 Juty 2025 154.4TS 144.Y28 8talerned finaral aciwilvas 4)cdeS all gains8 bx%é¥ in th8 y*r. irK)Th experKJiture éeriv8
TNE ALB YN FQUNDATIQN BALANCE SHEET AS AT 31 JULY 2025 2024 Nrjlss Fixpd asse1$ lrtve$tmenis 13 49.317 44,869 eurr•nt ass•ts Cash al barlf and n h 105.159 l(Al,059 NEt eufrerrt&&Je 105,159 100.a59 Totsl assetslgss CUffFnt Ilabllibos 154.476 144.¥28 Thv lund$ of thv Ghèritable Company Unr•stri¢tsd fuThJs 14 154.476 144.928 154.476 144.928 The financEI 5tsterrents WEre 8pwoved by tre Irustees M 9 Jarmwy 2026 G Bell Trustefr
TNE ALB YN FQUNDATIQN STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2025 2024 ¢a•h fk>w¥from opfjwatyng KIti Cash absDtbed by erati[S 18 14.7561 Invp5tlng activltlos Inv8simeni *tr))me received 5.130 5.192 Net cash generaiedfrDm invesiry 3ctivrfip5 5.130 5.192 Nèt Cash ¥•noratsdfYom ffinanchyj ath¥llloS N&t increaae in cash Gash e9uiYalenis 5.1 Cash cash equivalents at Winriry ofyw 1(X).059 99.V23 ¢a$h and ¢ash oqulv¥ents ot end otyw 105.159 100.059
TNE ALB YN FQUNDATIQN WOTES TO THE FINAlAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 A¢¢ountkng poIIg$ Charity inforrnation The Albyn FD&S110n ig a pfwato Ix)ttVany bYat8 irtd in sand. Th&rBgts18f8doffic& is 2 Marthl Square, Bruad stset. Aben, AB10 1DQ. The rK1paI ple ofiusYss ts 17.23 Queen'g Road, Ableen. AB154PB. 1.1 Ac¢ountwvJ comientian The fin8nu81 statgnwsnts ha'ie bew prew8d in awfjarKe Ihe Charibe5 Trte9 Invgslmgnt IScotLgndlAct 2005, the Charities Account? ISctyiwKII Reguklli¢ 2( las arre", FRS 102The Fnanual RepOrtg Slandat appliCae in Ihe UK and RUbC of Ire1. I'FRS 10ri art tt Charites SoRP.AcUnngad Reporting by Chariis". Skt6m•nt of RÉts)mmetQed Practicé apph(a4e to dwitie8 pren9 Ifr UniS in a(xord8nct tr Financial snd¢ ap[4tst In lh& UK ReputA¢ cl IFRS 1021- lelfe¢tiY? 1 J8nuary 20191. The chariiable corrpany 15 3 FbI Benefft Enhty as defined by FRS 102. The Gharity has aVad of S3% cfthe Fkxjse PLi 21. as purrytted in pardgraph 4111 of Schedde 1 of Sl 2008 M.409. ada the Ctsnpans Att[¢ts to reflÈÉithE spetsal naLurÈ oflhe tharilys aCtM1$. The finano81 stalements are Fw8red fft s1. is Ihe Flthal erCY011he chAriWle ¢xmp¥ny. TrJtsnet¥ry arnounts in these financial statetS are rou to the 1£. The finanthal stthmènts have been weped en a goi)g <thtn basis M1 urKJèrthÈ INstorirA (x)st Convention. modthed fty vaue as re411. aco)unbThJ oledwe set b. PJbyn Founlaiion E controle(I by nle aThJ fv rewtts we in the conslated finar1 statentS are pthlKty avafiab. See 16 delaI5. 1.2 Goiny concem Al Ihp of arprowrvJ Slalwtts. ihB Irust8es havo Wj8nbf no tDaierial uncertainlps d have a asrJnab expectation thai the company has Wuale resources to contnue in Operati31 existence f at ast he next 12 nIh5 tr(Yn the dae whth ttse XaUnts have been approved. TM5. the trustee5 ntile to adopt kne w1n9c0et bas in weparrwJ the finatvi Y2ietwrts. 1.3 Charftable fvnds Furtds held by tr ch8ntsye c(Mnpany we unrestricied be in acoydwce wth the charitab obJ8CtNes attr (1guebon of the Iruslees. 1.4 Income All irtryne Is wicLKtÈd on the Statemprt of Fih¢i¥ Ad1¥1 whtn thÈdrity Is enbded to fv inc(x) and the tyjnI an tE quan11ftt with reasonabl8 a(Lxra¢y. arwj 11 É Ptotth th81 11 bB IF¥0. Incorne rewesents d(ThtKJns from indtyKluals and group5. reIed grft aKI. b3nk tereSt. dIdendS fro lisied Invesknenis and Incoft from marw furwts. Lknated ser4ices. such as $8L8ry ¢ts. athy acccwntsrty fees which ara pèid by bYTh School mrt8d. IfL aikne true&¥' best esbmab of kne Value or at acbJai value. The vak of $etvice$ wwded by vdunietrs has Thot teen Ythjded in Ihese finar¢@l lernents. 1.5 Expenditurè EXpeIlre 15 ince on an accNsbasts. ¥U5ye0fryVATthth no(beree. charitab acli¥ibes irude all costs rdabtwJ I0b1&there tt prirnaryam i5 part ofthe (I4'e<¥es ofthe charitabla wany. G0Veman costs are the costs relaliw to the ernan arrawents ot tharitatrAe corrpany. Trese costs are
TNE ALB YN FQUNDATIQN WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 Awbuntkng polklgs Grants pay3Ne are induded by the tnlsls. The of such granls unpaid al the yearnd is accruod. Grants affered subi@ct lo conditions whith havo boen mÈt at tho year-e( date llDted as a mltMent but rK)t c[Ued as exprture. 1.6 Flxed asset Inve$1mpnts Fixed asset invesknents cotnprise a managed wifdK) and ale [ne8d ai fa value. ba$8d on year-end market Values PtDwded by Ihe fvnd ger. Chatw In fairvaue are hergaslI0ssF5l gn Inents, in SOFA. 1.7 Cash Cash oqul¥al•nis Cash and cash &Wivents are baxfimnl assets ile in har derA)5ts al cal with banks. 1.8 Flnanclal knstrum•nt5 The chantle CrrfnpY elected to4tty the se1 11 'Basic Fi¢1 Itm' ar Sect 12 'Other Financial Instruments Issue5, of FRS 102 10 311 of it5 franc4al sInnents FinanEial InStruThnts are rwi%ed ID the thatilth Can5 bakn Sheet the dHntable u)Mpany bec(e$ p8rty to Ihe prow$$ of theinstrurnenl. Financial asselsand hakn1i1s3re oftset. ilh the et ar?Knts eSent the finana semrIts. when there 15 a lÈgalfv enforteable nght to sei off Ihè re(tyntsÈd •nrXJntsar ihere is * w)tenMn stldÈ tr)a bas orto r8altse Ihe asset and tsett Ihe liablty smuhe(Htsty. Basic )In0n¢1 assets Basrfinanckel assets. IrJe debtrws ¢a5h bank babrtts. inth"8lly nE8sured at pri Induding transadon costs. Financkql asseis. than ItrM)se hehy at rair v4ue thro inttMe aThJ expend¢ure, a asse$5ed fw indicaiors of impaThent al rePtg end da'.e. FThncial assets are iThpaired wlwe Ihere ts obiectsve ewdence that. as a result of one or more events that (Kcurred thr the Inal re(wthn of the InarM asset. the eStlbated fvlure cash flows h8ve oeen affecied. Der8¢o£tnlUon of flnwKlalass•ts F nancol assets are dww))gni$8d wh8n th? contrXtU rKJhts to lh8 cash flows frthm ts 8S8et 8XPlfe or are settled. when the chantsble company translets the finarrAal a55el and sub5tanlially all the risk5 and rewards of ownetship to érN>ther entity, 01 if SnIfntrks atKJ rdS ( ownetship ¥e retain txjt thnlrd of the 8$58t hastransferred io rty1hat ae io selthe assetiTh its emirety to unrdaled third paty. fin8n¢thl lialjilities B8$nancral Irabikues. idthliThJ ueditC$d bèr& an$ ar8 ifMbalyr8cogThse¢ ar tW$8c pi¢e. Der8¢0gnlllon of HnandalllabllltyAS Financial li)iithes artr the ch8titaL48 tthYww'$ tiAt8LtsI ¢AtiOnS tiwtt or artrdtsth8rg or cancEld. 1.9 Tax
TNE ALB YN FQUNDATIQN
WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED}
FOR THE YEAR ENDED 31 JULY 2025
Cr6tl¢al a¢¢ounOng osUm*s and IWgnts
In the applicabon oflhe charitatAe c
TNE ALB YN FQUNDATIQN WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 harlablo a¢tMY•s Unr8strfctod Unr8strleted funds funds 2025 Opermng creditor5 Grants payable (see note 61 GovemarKe cosls Ise8 nole 71 30 3,030 Grants payable Urnrosirf¢ts lunds Grants to InstllulKs". Albyn sch Lirnited Support Gosts allocated to activlties 2025 2024 3.OLKI Anatysed bets¥een.' Chantabk acbvrfJes 3.0 Not mo¥om•M kn funds 2025 2024 The net nK¥ementin fJ$ stsied after chargiry.. Fees payable foi theauthl dlhe tharity$ fmatKxal StatnenL g.OtM) Tru$tso8 There ¥vas no rwwneron or olhw to tms18es oi anyore uMectOtl wrth tw) for Ihe y08r ended 31 July 26 norforthe year 31 Juty 2024. Trustse5' eApenBV6 There were no exPereS paKI to Iwstees. any¢ coTrn&ed wth tIn. nor pad (redy on ther behaf f(Y th8 ye Ended 31 July 2025 forlhe yetthd 31 Juty 2024.
TNE ALB YN FQUNDATIQN WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 1D The average rnonlNy wmber OfeW¥eeS duriry Ihe year Ya$. 202$ Hnr Number TLal 11 Galn8 and losaes on Inveslmeffls UnltTted Unrestrlded luThJs ndg 2025 Gan4llosseslarigtMJ w." Revakjatson of irwestrnents 12 Tax The tharity is trxeny fromtsxon ILS bvthS b8tausa Tts chariiatle purposes. 13 Flxtd ats8èt Invesimtriis LlstBd InYoStrn&nts Cost or Waall At 1 Augusl 2024 Vabolion changes 44.869 At 31 JLAY 2025 49.317 C8rThin9 am(rtwrt At 31 JY 2025 49,317 Al 31 Jdy2024 44.869
TNE ALB YN FQUNDATIQN WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 14 Unr8strl¢tgd The L¥westrict funds ol the chanty c¢xnwise kn2unexf1 balances ofdonaiions grants which are not subtrect to spocific condib(Jns by arKI yantors as tc they fftay bo irdude dosignated funds which hav been set as& out af unreskncled fuThls by Ihe trustee5for P5. At l Augws¢ kncorniry R¢sowce$ Gains andAt31 Jufy Zlk25 10s888 Gene 144.8 8.13a 13.0301 4.448 154.476 PrevkJUS year.. At l Auwst ns and At31 Juty 2024 losses Goned fuThJs 144.685 8.432 17.9961 11931 144.&8 15 Relatod pavty tran$aGtiotis T1 transaclK)ns beN¥een the tharitab (xxnpany and its parent hawe been dsd05ed in riote 16. No trustees key managernenl pe15unnel receiTrMJ any rwnuneralK)n tEiThKw5emenlofexperEes n Ihe cutrenl or t[ ypar. There were rm) olher related paftytr3n5actK in or 16 Ultlmata partni ¢omp ThB Albyn Foutwjaiths ullirTrglf wEnl ¢QrnWdny is Altyn Lirted. a ts)mpany IiTDitwJ by guaranlp8, IncorpNaled in seand Icornpany rAxnber SC026743. Charity number SC(K)83921. prinupal actmties of the ullirnale parent c(¥rnpany continued kn be tt¢ of the >[uCt of a srthool on a nan-wofrt ba515. The chanlable GOtnP8ny's rèsutts are indu in consolwjalwj financial 5taieThenlS of Albyn &hotrl Lited Copies of ih nsolklated finan¢i81 stawnrs Can be ebtsi Atyn ¢01 LtrThteé regLsterÈd Dtr, 2 M¥is¢hal Sqwe, Broad sireel. Aterde. A810 1DQ. During the year, ajdil and fees arnti toEI(m12024 £3 (KK>I were pa byAbyn Schrx>l Limiled on behaw of Ihe drItab company. Basi estimèLes of the involY8d h8ve inc1d in Iht finan¢k81 stslwnents. No grants12024. £4,Wl pahJ by thtr F(xJndaiNy)toAlbyn mited dunrKJ the ye aThY Th) don81ions 12024. £2401 %we ra¢8i¥8dfr(ffi Schcd (hJrirwJ the yw. hlernber5' liabilty 17 A8 ts charitablé ¢oftw8ny is limiied by guaiantte £ the membets. the thar1? company ha$ no isfAJ6d share C8Prttl. Each m¥nb8r has u¥J8rtaken 10 ¢ontrtsJl* * 8rrKwnl Th)18X¢Otdiig £1 knvards any arisiro In Ihe &¥trnl oflhe charitgble corryany Wnd up.
TNE ALB YN FQUNDATIQN WOTES TO THE FINAlAL STATEMENTS ICOPlllNUED} FOR THE YEAR ENDED 31 JULY 2025 18 Cash orbed by opwalJ¢)ns 2U25 2024 SU$ ytsr 9.548 243 Adlustmentsfor. ITrvesknenl I[e FdcoJtWSBd In sts18t Df acbvth5 Fairvaluegans and h)SseS investrfn 15,1301 14.4481 193 Cash absowbed by operation 14.7561 19 Analy818 of ¢geS In net tunds The c(thwy h*1 m material d8bldumg lh&
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