REGISTERED CHARITY NUMBER: SC043376
Gall Robertson CA inc. Charles Gray and Co
Chartered Accountants & Business Advisers
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2025
for
Clark Woodlands Trust
Gall Robertson CA Tweedside Park Tweedbank Galashiels Selkirkshire TD1 3TE
Tweedbank Office: Tweedside Park, Tweedbank, Galashiels, TD13TE | Tel: 01896 751050 Peebles Office: First Floor, 6 School Brae Business Centre, Peebles, EH45 8AT | Tel: 01721 723366 E-mail: info@gallrobertsonca.co.uk wwy.gallrobertsonea.co.uk Registered office: Tweedside Park, Tweedbank, Galashiels TD1 3TE
Directors: Sheila Robertson BSe (Hons) Agric, CA John Robertson Pamela Baillie BA (Hons), CA Richard $C419821Barwick Barwick BA (Hons)
Company No.Richard $C419821Barwick BA (Hons) GallRegulated Robertsonfor a CA range ine of Charles investment Gray business and Co is activities a trading by namethe Institute of Gall Robertson Ltd of Chartered Accountants of Scotland
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Clark Woodlands Trust
Contents of the Financial Statements for the Year Ended 30 June 2025
| , | Page | ||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| NotestotheFinancialStatements | 6 | to | ll |
Clark Woodlands Trust
| | |
Report of the Trustees for the Year Ended 30 June 2025
The trustees present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Trustees shall hold the trust estate for charitable purposes exclusively:
(a) for the creation and upkeep of woodland and other ground as public open spaces or as nature reserves for the benefit of the residents of Melrose, Gattonside, Newstead and Darnick and in particular for encouragement of the ecological education of children resident within the said town and villages; and for such other purposes as the Trustees may decide to encourage the knowledge and study of wildlife and ecology particularly among children and young persons resident within the Scottish Borders in order to preserve biodiversity; and generally to promote the knowledge and awareness of - wildlife.
(b) to or for the benefit of such one or more charitable institution or charitable institutions as the Trustees in their uncontrolled discretion may select; or
(c) in implementing or assisting to implement any charitable purpose or charitable purposes which the Trustees in their uncontrolled discretion may from time to time by minute resolve upon.
Significant activities
Grants and donations totalling £7,000 were made during the period covered by this report and financial statements.
Grantmaking
The Trustees are engaged in formulating a Grant making policy. They have engaged with other charities dealing with environmental education, woodland creation and natural history operating within the Scottish Borders and currently considering a number of possible projects for Grant assistance.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Grants and donations totalling £7,000 (2024 £8,000) were made during the period covered by this report and financial statements. The Trust did not engage in any other activities during this period.
FINANCIAL REVIEW
Financial position
The Trust adininisters the Unrestricted Funds bequeathed from the Residue of the Estate of the late Doctor Marjorie Russell McMillan Clark at inception which now amounts to £450,997 (2024 - £450,997).
In the year to 30th June the income generated was £11,881 (2024 - £12,527). Total expenditure amounted to £15,357 (2024 - £15,929) made up of: £7,000 grants (2024 - £8,000), £7,619 administrative costs (2024 - £7,251) and £738 independent examiner costs (2024 - £678). Investments are carried at a market value of £532,429 (2024 - £528,831).
Reserves policy
No policy has been agreed regarding the level of reserves to be held. The Trustees decide on the income to be distributed after making provision for administration costs and any undistributed income is accumulated.
FUTURE PLANS
The Trust has no regular or foreseeable financial commitments. The Trustees, however, are aware of the provisions of the Trust Deed which permit both capital and income reserves to fund grants and donations. At present, the Trustees propose to maintain an investment fund which allows for grants to charitable bodies or eligible individuals meeting the criteria of the Trust.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity was created by Trust Deed granted on 2nd December 2002 and registered in the Books of Council and Session on 28th May 2012 and Deed of Amendment registered in the Books of Council and Session on 20th August 2012. The Charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Page ]
Clark Woodlands Trust
Report of the Trustees for the Year Ended 30 June 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees The Trustees will consider if the appointment of additional Trustees would be appropriate together with the most appropriate methods to identify such Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number $C043376
Principal address 36 Bank Street Galashiels TD1 1ER
Trustees J D Hardie W J Windram M Ross
Independent Examiner Gall Robertson CA Tweedside Park Tweedbank Galashiels Selkirkshire TDI 3TE Solicitors Pike and Chapman 36 Bank Street Galashiels TD1 LER Stockbrokers Brewin Dolphin 48 St Vincent Street Glasgow ApprovedG2 5TS by order of the board of trustees onSel/ .20 2€,, signed on its behalfby:
™ AAS Yaa W J Windram\Jrustee
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Independent Examiner's Report to the Trustees of Clark Woodlands Trust
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Sheila Robertson CA The Institute of Chartered Accountants of Scotland
Gall Robertson CA Tweedside Park Tweedbank Galashiels Selkirkshire TD1 3TE Date: LALL222 P2occreesnn
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Clark Woodlands Trust
Statement of Financial Activities for the Year Ended 30 June 2025
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|---|---|---|---|---|---|
|30.6.25|30.6.24|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME AND ENDOWMENTS|FROM|
|Investment|income|2|11,881|12,527|
|EXPENDITURE|ON|
|Charitable|activities|3|
|General|15,357|15,929|
|Net gains/(losses)|on investments|32,814|(1,066)|
|NET|INCOME/(EXPENDITURE)|29,338|(4,468)|
|Other|recognised|gains/(losses)|
|Gains/(losses)|on revaluation|of fixed|assets|(20,658)|45,081|
|Net movement|in|funds|8,680|40,613|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|587,790|547,177|
|TOTAL FUNDS CARRIED FORWARD|596,470|587,790|
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The notes form part of these financial statements
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Clark Woodlands Trust
Balance Sheet
30 June 2025
| 30.6.25 | 30.6.24 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | £ | £ | ||
| FIXED ASSETS | ||||
| Tnvestments | 10 | 532,429 | 528,831 | |
| CURRENTASSETS | ||||
| Cash atbank | 66,441 | 63,759 | ||
| CREDITORS | ||||
| Amounts falling duewithin one year | 1] | (2,400) | (4,800) | |
| NETCURRENTASSETS | ASSETS | 64,041 | 58,959 | |
| TOTAL ASSETS | LESSCURRENT | |||
| LIABILITIES | 596,470 | 587,790 | ||
| _ | ||||
| NETASSETS | 596,470 | 587,790 | ||
| FUNDS | 12 | |||
| Unrestricted funds | 596,470 | 587,790 | ||
| TOTALFUNDS | 596,470 | 587,790 |
The financial statements were approved by the Board of Trustees and authorised for issue on sesresteeeeteeettetesesetetssterseceeeeeees a Were signed on its behalf by:
W J Windram - Trustee
The notes form part of these financial statements
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Clark Woodlands Trust
Notes to the Financial Statements
for the Year Ended 30 June 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Treland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The Trustees consider the accounts to be prepared on the going concern basis. They believe there to be no material uncertainties that impact the going concern basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Related party exemption
The charity has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries within the group.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
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Clark Woodlands Trust
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
| . | |||
|---|---|---|---|
| 2. | INVESTMENT INCOME | ||
| 30.6.25 | 30,6,24 | ||
| £ | £ | ||
| Dividends | 7,273 | 8,106 | |
| Interest | 3,839 | 3,630 | |
| Other income | 769 | 791 | |
| 11,881 | 12,527 | ||
| 3. | CHARITABLE ACTIVITIES COSTS | ||
| 30.06.25 | 30.6.24 | ||
| £ | £ | ||
| Grants to institutions (see note 4) | 7,000 | 8,000 | |
| Investmentmanagement | 5,219 | 4,851 | |
| Trust administration | 2,400 | 2,400 | |
| Independent examination | 738 | 678 | |
| 15,357 | 15,929 | ||
| 4. | GRANTS PAYABLE | ||
| 30.6.25 | 30.6.24 | ||
| £ | £ | ||
| General | 7,000 | 8,000 | |
| The total grantspaid to institutions during theyearwas as follows: | |||
| 30,6.25 | 30.6.24 | ||
| £ | £ | ||
| Borders ForestTrust | 3,000 | 3,000 | |
| Melrose inBloom | 1,000 | 2,000 | |
| Tweed Forum | 3,000 | 3,000 | |
| 7,000 | 8,000 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
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Clark Woodlands Trust
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
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|6.|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL ACTIVITIES|
|Unrestricted|
|fund|
|£|
|INCOME|AND ENDOWMENTS|FROM|
|Invesfinent|income|12,527|
|EXPENDITURE|ON|
|Charitable|activities|
|General|15,929|
|Net gains/(losses)|on|investments|(1,066)|
|NET INCOME/EXPENDITURE)|(4,468)|
|Other|recognised|gains/(losses)|
|Gains|on revaluation|of fixed|assets|45,081|
|Net|movement|in|funds|40,613|
|RECONCILIATION|OF FUNDS|,|
|Total|funds brought|forward|$47,177|
|TOTAL FUNDS|CARRIED FORWARD|587,790|
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- INDEPENDENT EXAMINER
Gall Robertson CA was paid £738 (2024 - £678) for the independent examination. No other services were provided by Gall Robertson CA.
- GOING CONCERN
The Trustees confirm that there are no material uncertainties regarding the trust's ability to continue.
9, PUBLIC BENEFIT ENTITY
The trust is a public benefit entity.
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Clark Woodlands Trust
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
10. FIXED ASSET INVESTMENTS
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|---|---|---|---|---|---|---|---|---|---|
|Listed|
|investments|
|£|
|MARKET|VALUE|
|At|I|July 2024|528,831|
|Additions|262,326|
|Disposals|(238,070)|
|Revaluations|(20,658)|
|At 30|June 2025|$32,429|
|NET BOOK|VALUE|
|At 30|June|2025|532,429|
|At 30|June|2024|$28,831|
|There|were|no|investment|assets|outside|the|UK.|
|Cost|or valuation|at 30|June 2025|is|represented|by:|
|Listed|
|investments|
|£|
|Valuation|in 2025|532,429|
|11.|CREDITORS:|AMOUNTS|FALLING DUE|WITHIN|ONE YEAR|
|30.6.25|30.6.24|
|£|£|
|Trade|creditors|2,400|4,800|
|12.|MOVEMENT|IN FUNDS|
|Net|
|movement|At|
|At|1.7.24|in|funds|30.6.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|587,790|8,680|596,470|
|TOTAL FUNDS|587,790|8,680|596,470|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|11,881|(15,357)|12,156|8,680|
|TOTAL FUNDS|11,881|(15,357)|12,156|8,680|
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Clark Woodlands Trust
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Notes fo the Financial Statements - continued for the Year Ended 30 June 2025
12, MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
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|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.7.23|in|funds|30.6.24|
|£|£|£|
|Unrestricted|funds|
|General fund|547,177|40,613|587,790|
|TOTAL FUNDS|547,177|40,613|587,790|
|Comparative|net movement|in|funds,|included|in|the above|are|as|follows:|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|UnrestrictedGeneral|fund|funds|12,527|(15,929)|44,015|40,613|;|
|TOTAL|FUNDS|12,527|(15,929)|44,015|40,613|
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A current year 12 months and prior year 12 months combined position is as follows:
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|---|---|---|---|---|
|Net|
|movement|At|
|At|1.7.23|in|funds|30.6.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|547,177|49,293|596,470|
|TOTAL FUNDS|547,177|49,293|596,470|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|24,408|(31,286)|56,171|49,293|
|TOTAL FUNDS|24,408|(31,286)|56,171|49,293|
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Clark Woodlands Trust
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
13. RELATED PARTY DISCLOSURES
In 2025, the Trust incurred administration expenses of £4,800 (2024 - £2,400) by the partnership Pike and Chapman Solicitors, in which Mr William Windram is a partner. Included in the balance sheet is a creditor due to Pike and Chapman Solicitors of £2,400 (2024 - £4,800)
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