Charlty Rtylstrallon No. SC044227 {Scoll•nd) Company Rogistratlon No. 8C457520 (Scotland) SCOThISH GOLF CHARITABLE TRUST LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
SCOThISH GOLF CHARITABLE TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trust ljr B Dick Ms A ma¢ph¥t>ca1rn8 r V Sk6lton L Bratty {fomwty McLachalanl Mr R Aitken {apwnted 1 November 20241 Mr D Gilmore (appointed 1 Novetrthr 20241 Mr S Waller {8PFdnted 1 November 2024) Mr C Mgan {8ppolnt&l 28 April 2025} Ch•rfty numb•r (Scotlandl SC044227 Company numb•r SC457520 R•gl•t•r•d offl AMA HO Vlklnq Way, Ro8yth Dunfemilin Uniled KY112UU Ind•p•nd•nt •x•mln•r Johnston Carmi(*1 LLP 272 W{ Goorg9 Str• Gl88gow G2 2ND B•nk•rn Royal Bank of Scoland PIC 113- 115 Soulh Street StAndrtrw8 KY16 9Q8
scorrisH GOLF CHARITABLE TRUST LIMITED CONTENTS P•g• DirectOf8' foFK*t Independènt gxamlnefs rewxt Stslemenl of finoNyal actplitkns Balan 8heel Notes to the flnarthl 81atfym•nts 8-15
scorrisH GOLF CHARITABLE TRUST LIMITED DIRECTORS. REPORT FOR THE YEAR ENDED 31 AUGUST2025 The trustees pr¢$ent their 8nnual report fin8f401 statements for the year ended 31 August 2025. The financial statements hav¢ bgen prepared in accordan with the accounting w)licies set out in note 1 to the financiol statements and comF4y with tho dwriiV8 memorarnlum and art¢$ of assrriation, the Chariti9$ and Tnjstee Investment Iscottandl Aci 2005. Charibes Accounts {Scollandl Rogulations 21))6 and 'Acco¥Jnling and Reporting by Charities.. Statement of Recommended Praclice alCable lo chariles preparing theli account$ in acwrdance wllh the Flnanchql Reportlng Ston¢J8rd apable in the UK and Republ of Ireland (FRS 1021. and the Companie8 Act 2006. Obl•cllv•s and Ktlvltl•• The charftys obl6cts arg to pTomots'. Partlclpalon of gom for all through thg provislon of 8¢hing and support prc#3ramme8 throughout Scd4nd; Educallonal opportunftlès for all young gowers to devgw thelr goN and Ilfv sklll8,' Educall¢)nal opportunltteJ for golf club managers aTrJ volunteers to develop tholr sklll$ Environmontal b68t practice at all Scottbh 9oif facllllle8 Indudlng sUppOj th8 wovl8lon of advl¢o and projects lo advanc• $uslainable u80 of 9011 fKilllie8. Tho above otyedvas are athleved thrwh th• wovlslon of grant fvndkng. The InJ8ts88 hgv& pald du• ragard lo guldanc8 i88u8d by the Offlce of thg ScolY8h Ch•rfty Regulotor IOSCRI In decldlng what adivltles th8 chartty should undertak8. To make grants of elther capltsl or Income to tIK>se In 8Ltpport ot, Insy8aslng parudpalon wlthln oow In ScollAnd, p8rtlculody among yourvJ people., botter 8duc•lion for promlslng young gomers and dub managors., and envlronmgntal best pradGg at Slands gdf courwj. Aehl•¥•m•nts and P•rlorni•n¢• Dudng the year the tharfty m8de progress In impbmentlng tts strategy of grant maklng. crg8tSng new fund$ to 8upport118 char6tsble oblectlves, worklrKJ Sn partnershlp Scottish Golf and puiting In place furth8r sy$lgms and processes to enable tt to me8sure impad. The chariV8 Strategy Is 81igr)ed wlth Scottish co8 strateglc objectives related to Increasing participallon in tho 9am8 of goll ar 8UpFng dub6' 8u8taknabilty. Rovlng Pro Followlng the flrst year of opèr8th.on of Roviry Pro it was agreed to xterKI thè 9gogTaphk area in whlGh club8 can apply for funding for Roving Pro. Durlng the year aw8rd$ wère made lo: Orkney Golf Club Slromnoss &)tf Club Rèay &)If Club Weslray Golf Club Match lundlNJ ¢ontlnued for Scotllsh Golfs aub FuThJ.
SCOThISH GOLF CHARITABLE TRUST LIMITED DIRECTORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Helèn Holm Bursary We were pleasa to award Ihe fnt Helen Holm Bursari8s to ctwnpetitorn In the Helen Hokn Scottish Women's Open Stroke Play Championship at Royal Troon tn April. This has been Fo3sibkn due to the generosity of the famlly of18te Helen Holm. a &time seoth.sh Women's ChamFrfon and 2-time British Ladi88 Amatèur Chamwin for which we ar8 gratsful. The fir818wardees were Kate Mclntosh and Cady McDonakl. G4D Durhg the year the trustees dKided to support Seottish Golf in increasing pgrtiC4P8tkn of people a dl8ablllty in goN. AS a result the Trustees have introduced 8 G4D indNidual burnary programme lo partSclpalSon In EDGA ¢ompetlllons. Th8 IntroduGtton of Ihls tmrnry was inlended to sUpt golfers with a disability who compete both localty, nationalty arKI fvrthgr affleld. The Inttlallv8 gènerated slgnfficanl intergst and engagement aLYoss the gomrp communlty. A total of 22 appllcatlons w6re recglved. whlch. c¢)n81derlng only 80 In¢Jlvlduals from Scolland have an EDGA p0$6, emph881808 the dgslre for golfoTS wlth a dlsablllty to progr aThJ compete. Nlnè #Pp¢8nts were ulumately oworded bursari88 r8nging In valuo from £300 to £5(. The Trustses wgro a150 pleased to 9uPFrt Scotb'sh Golf in thè dèvalopment of Communlty Hubs for Golf•r8 wlth Dl88blllty. V8nuos ware Identffled lo host and dellver ftyJr•wèak pmgrammes of coachlng lo ir¥Jlvldu818 wllh 8 dlsablllty aGross the country. Se88knn$ wgrn dellvered aThJ lèd by PGA coaches 8nd volunt8ors from the clubs an f8¢llllOe$, and vgnuos were choson based on accessIlIty, pr0MIty lo publlc tran8POrt. and Interest In devèloplng d18abllSty golf. The hubs were locatèd in Sl Androws, Edlnburgh. Gwow and Invem888. Ovor 70 partldpants 8tt6nded acro58 four venue8. rnnglry from ostabll8h8d EDGA playws, th080 gettlng back Into the gamo, and fl18t-ffl6 gollerB. Tho Tru8te88 w•ro al80 plea8•d to 8UPPCAt Rol19 Camwon ha8 b•gn 8eted a8 tho only S(>)tt18h player for Team GB at the 0oafiympk8 In Tokyo In N0mb•r 2025 Young Oolf•rn Fund The Trust80$ establish The Educatlon oppUnitl8s - Young Golfers Fund lo provtde fundlng 8p8clfically young 8dult8 8g9(116 to 24 to make a mganingfvl c)ntribuiion to tho dol¢)pMent of golf Ihroughoul Scotland. Unh••h Y¢Jur Drlv• During the year the Trustee$ tablIshed the Unl8a8h Yr Drive Trnnswl Funds to provklo grants to 8choolB for transport costs to Msit golf dubs as part of the Unlthsh Yr Dr1 Goll Sknlbs programme whlch Scoltl8h Golf18 dellverfng In conjunction th• Golf FourKlali During th6 •r. tho tru8tee8 e8tablishgd a sl{¢m3) Trust kn tho Unlted St•t•8 of kn¢• lo fa¢llilate donations from supporters. resident thgrn. Ths Foundatlon Fund 1$ managed by Ch8p81 & York 8nd 18 not nsidered lo r0pr08enl a group entity. The Trust wl8h lo acknowl8dg8 the gengry)slty of thè Trusvs supp, Ythose voluntary ntrfbLrtIOnS onablg the conUnued delivery of programm8s Ihat wklon partldpation In golt and promde opportunities for individuals and communities across Scouand. Don8tions frn rbOn-tn108 S(rrAS are racognisad withln unre81rlcl8d or restricted fund3 in acLordance with the nature of the funding recoivod. The Tn1 received a number of slgnrficanl donation8 from extemal SupW)rte dudng the year. These donations ar8 applied in furtherance of the Trust's ch8ritable purposes. primarily supporhryj the devekpmenl of golf and arxess lo the game acTOSS Scolland. In line with the Trust's data wote¢tion and nflent1aIty w11ci. irvjmdual donorn are r*)t idenlified wthln th•8 finanrAal slatemonts. The tharfty renewed hs servlces ar dats sharing agro8nwt Scottish Gdf uThJor the 18mis of whlch SCO$h Golf provide a(ImlnLstratlve 8UPPOrt to the charrty. The Tru$tee8 are grateful for tho supp(wt of Ihg CEO, Head of MarketiTrJ & CommunlcaUon$ and Head of Corporote ses at Seottish Gow in assistiry wrth tho dw•k)pmont of Scottish Goff Charitablo TN$t.
SCOThISH GOLF CHARITABLE TRUST LIMITED DIRECTORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Flnanclal r•vl•w For the year ended 31 ALVUSt 2025. tho Statement of Finandal AdlvlU88 totsl Incomlng résourtss of £44.479 12024: £17,068} and total outgoing resourcas of £25.240 {2024.' £9.0311. The total$ rasurt In nèt incomo of £19,239 12024: 8,037). Total funds al thè yèar•nd amount8d to rnstrictad funds of £14,000 12024: £14,408} and unrèstrfcted funds cl £51.766 whKh indudg8 designgled fwKts of £7,614 (2024: unre8tr1cted fund8 of £32,119 In¢luding d¢$ignateil fvnds of £5.400)- It Is th8 pcAlcy of tharbty tliat unT8Strict8d furbds whl¢h have nol bgon doslgn8tod for o spedtlc use should be maintslned at a level equivalent to tts¥een throe and six mcth's expendilure. The trustoos conslder th8t re8erv88 al this level will ensure that, in the event of o $ignifwnt drop in fvnding, they wlll bg 8ble to contlnue charltls current acllvllb8$ while conslderalbon 18 givon to way4 in Ythich addit¥)nal fur8 may b6 ralsed. Thi818vel of ro8erve8 ha$ b99n malntalned through¢yJt Ihe year. Structur•, qOv•rnan and mang•m•nt The charfly 18 a company Ilrrdled by guaranteo, havlrvJ M share c4pllal. The chaW8 regl8teYed offk8 and prtnclpal addre86 18 Arrol Hou88 Wklng Way, Ros. Dunfemillno, KY11 2UU. Th8 ComnY numbèr 18 SC457520. Tho charty 18 govemed by a memrandum and artldès of assodallon dated 18 December 2024. Th& company has been recognlsed by Ollka ol lh8 Scoth8h Chwlty Rowl8tor {OSCRI a8 8 th•rfty, numl)er SC044227. Tho dlr•¢tor8 ar• Tesponwblo for tho o¥orall stratoqy and d1r0Gt of the rtrity. and are responsible for approvlng pollrig$. Tho tru8ts08. who are also the dhctors for pury)06• of company Lthv. and V 8er48d durlng th8 year and up to the date of slgnature of the finarthl stalgmgnl8 WO.' Mr 8 Dl¢k Ms A Macpher8ortrCalm8 Mr V Skellon Mrs L Brady Ifomi•rty M¢L•th•l•n) Mr R Ajlken lappolntsd 1 November 2024) Mr D Gllmore lappolnled 1 November 2024) Mr S Waller lappolnled 1 November 20241 Mr C Morgan lappoint•d 28 Aprs120251 Durtrwj th8 year tha T199$ rev the board skllb motrfx 8nd dgLJod to tN8t008 wth flnance and 8Wrt6 gxper19n¢g. Re¢rultment was o)nducted vla opgn appllcakn and a(Ivertl8emenl. Three new Iru8tees were appolnlfjd to the Board In Novgmb9r 2024, Ross Aitken, Damien Gllmorn and Soan Wattw. Tho Board was also plegsed to appoint Christ0pr Morgan a goller with eyperience of disability as a trustee in April 2025. InduGtlon Inf0mon Is provklgd for fll dkoctry¥. and orymry tsainlng b¥ provided to exlslng dlrectors as required. During the year the trusl88s partiupate(l in a fundraising gov8mance workshop. None ol th8 trustees has any bonoficlal Inlgrest In the company. AU of tho trustees arg mgn*oTS of the c<4npany and giwanto? to g)ntribute £1 in the event of a winding up. As the charity'8 acti1 hav8 nthU8d to gThi the Board of Tnffjtees agrggd to ugate o Fln8nce and Risk Lead Trustee role which is urwjertaken by Damkn Gllm(ffe, WIK) repMs reguloty to the Board in relatiw to the Boarfs Finance and Risk. S¢dtish Gow charitsb Trust is reuistered wilh the G( FundralslrKJ Guaranlae.
SCOThISH GOLF CHARITABLE TRUST LIMITED DIRECTORS. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The dlrectots. réport was appro¥•J by the Board of TNste8s. 8F6hernoTrCaims Dlr•ctor D810'. 12105r2026
SCOThISH GOLF CHARITABLE TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SCOThISH GOLF CHARITABLE TRUST LIMITED I report lo the chadty tru8te88 on my eyAmintion of ts financial statements of the charity for the year er)ded 31 Auwst 2025, whlch are set out on pages 6 to 15. RP•¢t1¥ r•spon•lblllth• of Irust•v •nd •y•mln•r The charfVs trusts88 (who are also the directors of compony for the wryM)8ts of company lawl are rasponslble for the prepar8Uon of the finanaal statements in 8¢dan vAth tho tem8 of the Charitie8 and Trustse Inv8stm8nt {ScoUgnd} kl 2005 and tho Charlts¥ Accounts Iscovand) Rogulalons 2006. The charlty trustees consider th8t the 8udf( requirement of Regulation 10111 lal to Icl of th8 AcUnts Re9ulatSons doe8 not 8pply. It Is my responsibillty lo examine thg financw Stalomènts •# rnquired under sacbon 4411) Icl of th8 Act and to stats wholhor portkul8r matters have come to my attentlon. Ba•ls ol Ind•p•nd•rf •xamln•rf• •t•t•m•nt My exgmlnallon l& carfed out in accordance Rogulallon 11 of tho 2(Th £count8 Wulatlon8. An oxamlnatlon Includos a revlew ol the aCcounng le(X) kept by the chadty and a wmp8rl$on of the flnanclal 6tatsments prgsonlod th thoso records. It also Sndudes eonsbderallon ol 8ny unusual ttems or dlsclo$ures in the flnancial statements. and seaks oxpfanolbons from Iho tru8t•O8 concemlng any such matters. The procedures undertakgn do not provlde all the evidence that woukl be requirnd In an audlt. and consqu8ndy I do not express an 8udh oplnlon on the vlew given by the finand818tatements. Ind•p•nd•nl •Mmln•rf• •t•t•m•nt In tho cour88 of my examSna0n, no matter h88 com8 to my att6nllon.' (a) which gives me reasonat48 cause to believe that In any material respect the roqulremgnts.. (11 lo keèp 4eo)unUn9 r8cord$ In acccthnco wlth sectlon 44(1) lal of the 2005 and R8gulalkn 4 01 tha 2006 Accounts Regulatio.. and 111) to prepare fin8nclal Statements acAxd wlth th8 0(a>)unllng r¢c4yd8 and comY wlth Rg3ulE411on 8 of the 2006 A¢¢ounts Regulatths,. have not been met: or {b) to vthlch, In my oplnlon, attenth 8txAd be dr8m kn ord•r to ènabl• a Propor understandlng of the financ4al 8talem8nts lo be reached. Us• ol our r•port Th18 rekh)rt is made lo the comw3 bo8rd of director8. 88 a IW. in the torn of •ngg9gmgnt. My work h88 been undertaken lo enabl8 me lo undertake an independgnl examlnotion of the chgrfty's ffinancial 8tal8mants on bohglf of the ¢ompanl$ board of dire¢tors and for no other purpoBo. To the fullesl oxlonl rmitted by law, I do not accept or 888ume rospmsitslity to anyone othor than the company and th8 companYs board of dlrnclor8 a8 • body. for my w or lry thi8 l•POrt. Scott Jeffrey CA for and on behaff of Johnston Carmichael LLP 272 Wè8t Gèorgè Slr••t Glasgow G2 2ND Dated..
SCOThISH GOLF CHARITABLE TRUST UMITED STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Total Total 2024 fvnds 2•26 Not•• DOnaon8 and lègadgs Inve8tm8nls 17.068 173 173 Total Incom• 39.479 44,479 17.008 Charftable activiti06 19.832 25,240 9,031 N•t In¢om•l{•xp•ndltur•) for th• y•arf N•t mov•m•nt In fund• 19,647 {4081 19.239 8,037 R•conclll•tlon of Fund• Fund balances al 1 September 2024 32,119 14.408 48,527 38,490 Fund hlan¢u at 31 Augu•t 2025 51.786 14.000 65,768 46.527 The stalemonl of fin•n(xal actNIkn Indudo1 41190kn8 and kwe• r•¢¢wed In Iha year. All Inc¥)me and 0XdI{Ure d8rlve from cx)ntknulrwJ acltr¥ts. Tho statement of finawal actfvl al80 Com$ wlth tho wulrgmwts for an Income and exp8ndlture Unt undèr thè Companie5 Act 2006.
scorrisH GOLF CHARITABLE TRUST LIMITED BALANCE SHEET ASAT31 AUGUST2025 2025 2024 Curr•nt ass•ts Debtors Ch al bonk and In hand 671 71,194 642 53,608 71.865 $4,250 Crndlt¢rn: •mounts falllng du• wllhln om year 10 16.0991 17,7231 Net wrrent assets 65,786 46,527 Inm fvnd• Reslroclèd lund8 strfcted fund8- Deslgnalod fvnds G8neral unr8strlGtod furtd8 11 14,0(Xl 14,408 12 7,614 44.152 5.400 26,719 51.788 32,119 85,788 46,527 Th• Gompany l• enlued to the •x•mpkn from th• rUlf¢nl contalnod In 477 of the Compan1•8 A¢t 21. for the year onded 31 Auwst 2025. The dlrector ackrthAodg08 h1$ rospry1IIIIes ftK comptylr¥J tAth the requlram8nts of thè Comp4nl•¥ Act 2006 ra8PeCt to aceounung ro¢¢xd$ arKI the proparallon of flnanclal 8tatam8nts. The m8mb¢rn hove not rgqulred the company to obtsln an audt of lis finandal Stsiements for year In questlon In o¢¢ordan¢e wlth soctlon 476. Th989 financS8l slatoments have tjaen wepwed in th• provl•lon• applkablo to companles 8ubl0¢t to the Jmall ¢ompanies rnglm8. 12105121r26 Thg flnandal 8tstemgnts were appmved by Tnmtees on ....................... cpherson£alms Trust•• Comyny R•gl¥trntlon No. SC457520
scorrisH GOLF CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Accountlng polld•• Charity Infomiatlon Sc•)ttish Gow Charit8ble Twst Limlled is a prNate Ly)mpany limited by guarantee wwr8ted In Scolkand. The reglstèred office is AJrol Housa Viking Way. Rosyth. Dunfemiline. KY11 2UU, United Kingdom. 1.1 Accountlng conv•nllon The ftnanclal statements have beèn wgpared In a¢d0ncQ wlth (1orW8 momor8ndum and artlde8 01 assoclallon, the Chr6ts8 and Trustsg Invgstrwnt (Scotlandl Act 2¢J)5, the ChatieS Accounts (ScollarKI} Regulations 2006. FRS 102 'Tr Flnandol ReFQrtlrvJ Stsndarll applICab In tho UK and RoPUt41c of Irèland. I"FRS 10T) and the Charlbes SORP 'Accountlng 8nd R6portlng by Charits'. Statèment of R8oomm9ndg(1 Pr8ct+ce apICable to charitse8 preparlNJ thelr accounts In acrd8n¢6 the Flnandal Raportlng Standard appllcabl8 In tha UK and R8publl¢ of IrglaNJ IFRS 102r- Tho chartty18 8 Put41c Benefit Entty 88 defin by FRS 102. The charity has taken PAlvantage of th8 prOVW In the SORP rtbarlllos nol lo prepare a Ststgmgnt of Cash Flows. The financS8l st8temenl8 are prepared In 8tedlng. whkh Is thè functlonal trran¢Y of thè dwrlty. Mongtsry amounts In these flnandal statements are rounded to the nearest £. The finanGlal statements have be w•parnd urthr the hlthfkal cost eonvontlon. Th PpaI accountlng pollcS08 adopted are set OLrt bekn¥. 1.2 Galng conc•rn At the tlmo of 8PPTovy th8 finandal 8tstem8nts, thg In196 hgv• a rea8onabl• OxF1810n that the charfty h06 8doqUato rosources to contlnue In OP8TatOonal exi8tonc• for tho forasoogblo futuro. Thu8 the Iru8tO08 continua to adopt th8 goirvj nc•M ba818 of acLxiuntro In woparfng the flnandal 8tatomDnts. 1.3 CharItl• fund• Unrestricted fund8 are 8vail8t4tr for at th¢ dwgtK)n of tw¥tees in furtherance of their charltablg obfvcllves. D8slgnal8d fiJnd8 mpts8 fund8 wthl¢h have at tho dtsttetlon of the tru8tts8 for speciflc PUTpose8. Thg pwposo$ arKI usos of tho doslgnolod funds arn set OLrt In the rth lo thè finandal 8tstemenlB. Resldcted funds arè subject to specrfK condib¥ by donor$ 88 lo Iwi they may b• used. The purpose8 and usèy of the restricted funds are 881 out in Ihe Th)tes lo the financi81 slat8ffts. 1A Incom• Income18 recoun18ed when the chadty18 legdty entltled to tt after any perf0rlmn( ndIOn8 have b88n m•1, the amounts can be me88ured rn1l8y. 8Th111 Is wobatle that Income VAII be recehed. Cash donatlon8 are reD)gn18ed on r6cthpt. Otr*r donalion8 arn facognised onc6 thè charity has bgon notrfied of the donali¢M, unless perfomi8nce iyjndibons requi deferral of the amount. Income tax rècoverable in relation lo donations receNed under GrfIAk5 or deeds of &)venant is recognised at the time of the donation.
SCOThISH GOLF CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 A¢¢ountlng poll¢l•• IContlnu•d) 1.5 Exp•ndhur• Expendire is ¢nISed once there 15 a IBgal cf construcliv8 0b1b3atic to transfer eo)nomk bonelll to a Ihlrd p8rty, it 18 probable that a transfer of e0MiC benefits ryI1 be required in settlement, and the amount of tho obkgath)n can be rrsured rel1y. Expenditure is clas5rfied by actiwty. Tho costs of each activty arg made up of the total of dlrect costs and share¢J costs, induding SUFPOrt costs involved in und8rtakirvJ Oath aclivity. Direct costs attributabl8 to a single actlvlty are allocated directy to that athity. Shared costs which conlribule lo more than one aCtty and 8UPPOrt costs whlch are r1 attributable lo a sirwJle adbvlty are apportloned b8ts¥een those aCtIv8S on a ba848 conslslent wlth the us8 of rèsources. Central staff costs are allocalgd on the basls of tlme spent, and doprectalon charges •r• alloted on th• wts)n of tho u••. 1.6 Ca•h and ¢uh •qulv8l•nts Ca$h and cash equivalents Indude cash In hond. doposlts held at call banks, other short-lem Ilquhj inveslments with Origin maturities of three months orlgss, and bank overdrafts. Bank overdrafts are shown thln bom)wng8 In rreThI Ilats'lits'88. 1.7 FSnanclal Instrum•nts Tho tharfty ho8 01g¢tgd to apply Ihg Pro810n8 of Secllon 11 'Ba8lc Financial Instrumgrts. and Sedon 12 'Other Flnancl41 In8trumgnts188UO8' of FRS 102 to 81 of Its flnarthl trumonts. Fln4n¢i41 instrumgnls are rgcognised in the chorW8 balonce sh••t wth•n the chadty become8 paty to th ccf)tractual prowsions of the instrument. Flnanclal a88ets and Ilab116tl88 are Off1. wlth the ngt amounts prg8entgd In thg flnanGlo1 Jtst¢monl8, whon thor• 58 a legally onfor¢oaLAo right to Sel off th• recognis•d amounts and th8r• 18 #n inl8nlion to 60tt10 on g ngt bas16 or to reallse Iho a8sel aThl selde the Ilabl1 8lmullanetyAy. Iln•n¢l•l •M•ts Baslc financlal assets. which indud8 d6bt¢Jrn cash and bank balances, are initially measuretJ al tmn88cllon pdc indudlng Irans8CtOon costs and are subsequ8ntty carried at amortised co$1 using the effedive Intore81 method unle88 the arrangement con$tthrt8$ 8 finanang transactn. where the transaction is measured at the pre8Wbt Val of the future reIpts doo)unl¢d 81 a market rnto of interest. Financial as8et8 d•s81f1 a¥ rKeivable within one year are not atiSed. Baslc flMncl•l Il•bHItI•¥ 88$lc financi81 lithlitses, Including reditorn and bank108ns are Inltialty recogni8ed al tran8aCtion pri¢0 unlèJ$ the arrangement eth$titute$ a financing transèdion. wthere the dèbt Inslnjment is measured at the present volue of the futurè paymènts discounied at a markèt rat6 of Iniarest. Fin8rriAI K#bllit6è8 ddsstfièd #g pabI• wlthln ono yoor aro not amcvllsod. D•rKognftlon of flnanclal Ilabllld•s Flnanclal Ilablllll88 are dewnlse(I Wrt thg ch•W$ o)ntrxlual explrg ¢y arg dlscharggd or cancellod.
scorrisH GOLF CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Crltlcal •ccountlng •stlm•tss and jUdg•M In the applicatk)n of the chadty's 8¢countiThJ F*)h'cies. the trustees arè required to make judgements, estimates and assumptions about Ca7r¥d amount of assets ar Ilabilities that are not re&Jily apparent from other sources. The eslimales and ass0oatl 888umptlons are based on hi$lorico1 experlence 8nd other f8Ctors that are csidere(l lo to rol8vanL Actual rosults may dlffèr from these estlmate8. The e8Im8tes and urKletyng assumptions are revievd on an onwing bas65. Revisions to accountlng 88tlm•les are rerngnlsed In the pedod in Iho estirn8te 18 reM88d wherè the reviSn 8ffects only that period. ty In the period of the revisl¢)n al future period8 where the rev181on affects l)oth current and fulLtr8 p8ri¢xl$. Don•tlon• •nd l•g•¢1•• Tol•l funth d• funth gv•r•l 2024 202 3024 2024 Don8tlon8 and g1ft8 39.306 16.6C 17,088 Inv••tm•nts Unr••trfthd fund• 9•n•rnl 202 T•l•l 2024 IntereBt receivablg 173 10-
scorrisH GOLF CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Ch•rltabl• adiviti•* Ch•rttsbk• CharItaL• A¢¥vlll•• 2025 Coaching and Eductition Costs Bank Chorgos Charitsble Expendtture 5.794 407 6.675 2,192 67 12,876 2,259 Share o1811PPOrt costs18ee noto 8) Share crf govemance costs (see note 6) 5.049 7,315 3.022 3,750 25.240 9,031 AMlysl• by fund Unreglrkled fund8- genorol RestCted fund8 19.832 5.408 6.839 2.192 25,240 9,031 11
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SCOThISH GOLF CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Trusto08 In the year, tkwe were Iru$tee expenses of £538 (2024.. £nill in relation to reimbursement of expenses and expersses paid on their behalf. EXnSeS were wd for on b8haifof all seven tru8te88 in the year. Employ• Ther8 wore no omployg8s during the year {2024." rnn8). There wern no employ annual rnrThJMrallon was mor• than £60,CIJ). D•btgr• 2025 2024 Amount• f•lllnq du• wlthln on• y•ar. Prepayments and a¢¢nd inc4m• 671 642 10 Cr•dltorn: amounts lallln9 du• wlthln on• y••r 2025 2024 Trnde crndltor8 Accrual8 and dgferrgd Income 5.028 2,095 3.099 7,723 11 R•strl¢t•d fvnd• The Incomt fvnd8 of tho charlty hclLth Mlricted fvnd8 Comprfn9 the follong ungxponded b•lgn¢e8 01 donallons and grants hdd on In1 for sp8dfic purp0808'. )m• Exp•nthM B•lw¢• a¢ In¢¢ft Exp•ndllur• B•lAne• •¢ 31 Aygy•¢ 2020 2024 H•len H¢Jm Buwry Coathing and Support Educatbnal Opportunwes 10.IX 10,000 4.408 11.O¢XII 14.4081 9,000 12.192) 5,000 16.600 (2,192) 14,408 (5.408) 14.1)Xl Tho Helen Holm Bursary Fund has been set up by Scoltlsh GcAf Chwitsble Trust Limited lo assist with the Costs a8SLxiated wlth th8 Helen Holm Champmship. The Coachlng and Support FuThJ has set up by Sca)ttish Goll Charltal9 Trust LiMij to pn)vide fundi specfficalty for a¢h1 and SUPF*Nt progrnmm8s thrcrtffjhout Su)Iland. The Educatlon Opwrtsjnibes - Young Golfers FurKI has been set up by Scottish GOW Charitabb Trust Limited to provide funding spectfically for youro adults a98d 16 to 24 to makè a meaningful Cntribution to th8 development of golfthroughthrt s¢tland. 13-
SCOThISH GOLF CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 12 Doslgnat•d funds income fund3 of the charity indude the folkywing do8ignated funds vthith h8v• been Set aside out of unrestricted funds by the trustee3 for spectfic wr. Mo¥•m•nt In fvnd¥ BaTre at hKom• ExndIN B•laneo t 31 Augu•t 2025 2024 Rovlng Pro Fund G4D Unle&6h your Transport Fund 17861 14.8501 4.814 500 2.500 5.400 15.636} 7,614 The Rn9 Pro Fund has boon #ot up by Gotl Charilthe Trust Llmknd to Support dubs and fa¢i1tt108 who $h to Creats and devekp g 981ru¥181n9bb coothing programme. Tho fund allows dubs to apply for PGA Prof888lonal coathing. The G4D FuThJ ha8 been 8et up by Seottlsh Golf Ch8rftsb16 Tru#l Llmltgd thl¢h alm8 to onhanco tr experlence of golfers vAlh dlsabllitles who hav8 •mbttion8 to al wif ch8mplonshlp8. The Unlea8h your Drfvo Tr•n8POrt Furrtl h•8 b••n ••t up by ScXObh GOW Ch•TM8blè Tru81 Llmlted to 8UPPOrt the tran8POrt co8t8 of SCI01¥ who partbdpatè In Scottl8h Gdfs Unb88h your Drlvo programmo for chlldran. 13 Analy•l• ol n•1 ••••ts b•tw••n lund• UnMtrfet•d fvnd• 2025 Totsl Unr••trlct•d R•thct•d fvnd• nd• 2024 2024 Tot•1 2025 25 2024 Fund balance8 at 31 August 2025 are ropros•ntsd by: Current assets 51,766 14,OCKI 65,766 32.119 14,408 46.527 51.766 14.lJ)) 65.766 32.119 14.408 46,527 14 R•lat•d party trnMctl¢)n• Trnns•dlons wlth r•latod pwtt•s During the year the charity entered into Ihe follo*irwJ tsan5actiDns with related pa?8. During the year Scy)tith G1 MIted. the Ufnate c4Jntrolting paty of the sOtish Golf Charitable Trust Llmlted, pald expenses on bghaif of the ¢harity amounting to £3.000 12024 - £1.5Crf)l. At year erKI £3.O¢JO 12024- £1.5W> of this amount was outst8ndin9. 14-
scorrisH GOLF CHARITABLE TRUST LIMrrED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 15 UMlmat• ntrollIng party Scoitish Gow Limited is the ullimate ¢trling paty of Scottish GoLf Charitable Trust Limited. Scottlsh Go Limited 18 a company inGorporated in ScolLqnd ISC3087091 wh058 registered office is Arrd House Vlklng Way, R05yth. Dunfennline, KY11 2UU. Swtbsh Golf Limited8 prinpaI tlty rf Ihe govemln9 body for golf wi 15-