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 M￿gan {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¢$ent their 8nnual report fin8f*401 statements for the year ended 31 August 2025.
The financial statements hav¢ bgen prepared in accordan￿ with the accounting w)licies set out in note 1 to the
financiol statements and comF4y with tho dwriiV8 memorarnlum and art￿¢$ 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 a￿lCable lo chariles preparing theli account$ in
acwrdance wllh the Flnanchql Reportlng Ston¢J8rd ap￿￿able 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 sUppO￿￿j th8 wovl8lon of advl¢o and
projects lo advanc• $uslainable u80 of 9011 fKilllie8.
Tho above otyedvas are athleved thrwh th• wovlslon of grant fvndkng.
The InJ8ts88 hgv& pald du• ragard lo guldanc8 i88u8d by the Offlce of thg ScolY8h Ch•rfty Regulotor IOSCRI In
decldlng what adivltles th8 chartty should undertak8.
To make grants of elther capltsl or Income to tIK>se In 8Ltpport ot, Insy8aslng parudpalon wlthln oow In ScollAnd,
p8rtlculody among yourvJ people., botter 8duc•lion for promlslng young gomers and dub managors., and
envlronmgntal best pradGg at S￿lands gdf courwj.
Aehl•¥•m•nts and P•rlorni•n¢•
Dudng the year the tharfty m8de progress In impbmentlng tts strategy of grant maklng. crg8tSng new fund$ to
8upport118 char6tsble oblectlves, worklrKJ Sn partnershlp Scottish Golf and puiting In place furth8r sy$lgms and
processes to enable tt to me8sure impad. The chariV8 Strategy Is 81igr)ed wlth Scottish co￿8 strateglc objectives
related to Increasing participallon in tho 9am8 of goll ar￿ 8UpF￿￿ng dub6' 8u8taknabilty.
Rovlng Pro
Followlng the flrst year of opèr8th.on of Roviry Pro it was agreed to *xterKI thè 9gogTaphk area in whlGh club8 can
apply for funding for Roving Pro. Durlng the year aw8rd$ 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 pgrtiC4P8tk*n 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 sUp￿t 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$6, emph881808
the dgslre for golfoTS wlth a dlsablllty to progr￿ aThJ compete. Nlnè #Pp￿¢8nts were ulumately oworded bursari88
r8nging In valuo from £300 to £5(￿.
The Trustses wgro a150 pleased to 9uPF￿rt Scotb'sh Golf in thè dèvalopment of Communlty Hubs for Golf•r8 wlth
Dl88blllty. V8nuos ware Identffled lo host and dellver ftyJr•wèak pmgrammes of coachlng lo ir¥Jlvldu818 wllh 8
dlsablllty aGross the country. Se88knn$ wgrn dellvered aThJ lèd by PGA coaches 8nd volunt8ors from the clubs an
f8¢llllOe$, and vgnuos were choson based on accessI￿lIty, pr0￿MIty lo publlc tran8POrt. and Interest In devèloplng
d18abllSty golf. The hubs were locatèd in Sl Androws, Edlnburgh. Gwow and Invem888.
Ovor 70 partldpants 8tt6nded acro58 four venue8. rnnglry from ostabll8h8d EDGA playws, th080 gettlng back Into
the gamo, and fl18t-￿ffl6 gollerB.
Tho Tru8te88 w•ro al80 plea8•d to 8UPPCAt Rol￿19 Camwon ha8 b•gn 8e*ted a8 tho only S(>)tt18h player for
Team GB at the 0oafiympk8 In Tokyo In N0￿mb•r 2025
Young Oolf•rn Fund
The Trust80$ establish￿ The Educatlon opp￿Unitl8s - Young Golfers Fund lo provtde fundlng 8p8clfically
young 8dult8 8g9(116 to 24 to make a mganingfvl c*)ntribuiion to tho do￿l¢)pMent of golf Ihroughoul Scotland.
Unh••h Y¢Jur Drlv•
During the year the Trustee$ ￿tablIshed the Unl8a8h Y￿r Drive Trnnswl Funds to provklo grants to 8choolB for
transport costs to Msit golf dubs as part of the Unlthsh Y￿r Dr1￿ Goll Sknlbs programme whlch Scoltl8h Golf18
dellverfng In conjunction th• Golf FourKlali
During th6 ￿•r. tho tru8tee8 e8tablishgd a s￿l{¢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 f￿rn rbOn-tn￿108 S(￿rrAS are racognisad withln unre81rlcl8d or
restricted fund3 in acLordance with the nature of the funding recoivod. The Tn￿1 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 devek*pmenl of golf and arxess lo the game acTOSS Scolland. In
line with the Trust's data wote¢tion and ￿nf￿lent1aIty 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 se￿￿s 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 t*ts¥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 fur￿8 may b6 ralsed. Thi818vel of ro8erve8
ha$ b99n malntalned through¢yJt Ihe year.
Structur•, qOv•rnan￿ and man*g•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 Com￿nY 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 rt￿rity. and are responsible for approvlng
pollrig$.
Tho tru8ts08. who are also the dhctors for ￿ pury)06• of company Lthv. and V**￿ 8er48d durlng th8 year and up to
the date of slgnature of the finarthl stalgmgnl8 *WO.'
Mr 8 Dl¢k
Ms A Macpher8ortrCalm8
Mr V Skellon
Mrs L Brady Ifomi•rty M¢L•th•l•n)
Mr R Ajlken lappolntsd 1 November 2024)
Mr D Gllmore lappolnled 1 November 2024)
Mr S Waller lappolnled 1 November 20241
Mr C Morgan lappoint•d 28 Aprs120251
Durtrwj th8 year tha T￿199$ rev￿ the board skllb motrfx 8nd dgL*Jod 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 Christ0p￿r Morgan a goller with eyperience of disability as a trustee in April 2025.
InduGtlon Inf0m￿￿on 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 acti￿1￿ 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.
R￿P•¢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 Ac￿Unts 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 aCcoun￿ng 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 cons*qu8ndy 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 examSna￿0n, 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 com￿Y wlth Rg3ulE411on
8 of the 2006 A¢¢ounts Regulatths,.
have not been met: or
{b) to vthlch, In my oplnlon, attenth￿ 8t*xAd be dr8*m 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 comw￿3 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••
DOna￿on8 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•¢¢w￿ed In Iha year.
All Inc¥)me and 0X￿dI{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
C￿h al bonk and In hand
671
71,194
642
53,608
71.865
$4,250
Crndlt¢rn: •mounts falllng du• wllhln
om year
10
16.0991
17,7231
Net wrrent assets
65,786
46,527
In￿m* fvnd•
Reslroclèd lund8
strfcted fund8-
Deslgnalod fvnds
G8neral unr8strlGtod furtd8
11
14,0(Xl
14,408
12
7,614
44.152
5.400
26,719
51.788
32,119
85,788
46,527
Th• Gompany l• enlued to the •x•mpkn from th• r￿Ulf¢n￿l contalnod In 477 of the Compan1•8 A¢t
21￿. for the year onded 31 Auwst 2025.
The dlrector ackrthAodg08 h1$ rospry￿1￿IIIIes ftK comptylr¥J t*Ath 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 Ch*r6ts8 and Trustsg Invgstrwnt (Scotlandl Act 2¢J)5, the Cha￿tieS 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 Charit*s'. Statèment of R8oomm9ndg(1
Pr8ct+ce ap￿ICable to charitse8 preparlNJ thelr accounts In ac￿rd8n¢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 t￿rran¢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 P￿￿paI accountlng
pollcS08 adopted are set OLrt bekn¥.
1.2 Galng conc•rn
At the tlmo of 8PPTov*y th8 finandal 8tstem8nts, thg In￿19￿6 hgv• a rea8onabl• OxF￿1810n 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 CharIt￿l• 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 slat8ff￿ts.
1A Incom•
Income18 recoun18ed when the chadty18 legdty entltled to tt after any perf0rlmn(￿ ￿ndI￿On8 have b88n m•1,
the amounts can be me88ured rn1l8￿y. 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•
Expendi￿re 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 e0￿MiC benefits ￿ryI1 be required in settlement, and the amount of
tho obkgath)n can be rr￿sured rel1￿￿y.
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 aCt￿ty and
8UPPOrt costs whlch are r￿1 attributable lo a sirwJle adbvlty are apportloned b8ts¥een those aCtIv￿8S on a ba848
conslslent wlth the us8 of rèsources. Central staff costs are allocalgd on the basls of tlme spent, and
doprectalon charges •r• allo￿ted 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 Pro￿810n8 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 Off￿1. 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 transact￿n. where the transaction is
measured at the pre8Wbt Val￿ of the future re￿Ipts doo)unl¢d 81 a market rnto of interest. Financial as8et8
d•s81f1￿ a¥ rKeivable within one year are not a￿￿￿tiSed.
Baslc flMncl•l Il•bHItI•¥
88$lc financi81 lithlitses, Including r*editorn and bank108ns are Inltialty recogni8ed al tran8aCtion pri¢0 unlèJ$
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 pa￿bI•
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 Ca￿7r¥d amount of assets ar￿ Ilabilities that are not re&Jily apparent from other
sources. The eslimales and ass0oat￿l 888umptlons are based on hi$lorico1 experlence 8nd other f8Ctors that
are c￿sidere(l lo to rol8vanL Actual rosults may dlffèr from these estlmate8.
The e8Im8tes and urKletyng assumptions are reviev￿d on an onwing bas65. Revisions to accountlng
88tlm•les are rerngnlsed In the pedod in Iho estirn8te 18 reM88d wherè the reviS￿n 8ffects only that
period. ty In the period of the revisl¢)n al￿ future period8 where the rev181on affects l)oth current and fulLtr8
p8ri¢xl$.
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
Rest￿Cted fund8
19.832
5.408
6.839
2.192
25,240
9,031
11

o*
(VJ
#wo

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. EX￿nSeS 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¢¢n￿d 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 Comprf￿n9 the follo￿ng ungxponded b•lgn¢e8 01
donallons and grants hdd on In￿1 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 Charltal￿9 Trust LiMi￿j 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 C￿ntribution 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¥
B￿aTre* at hKom• Ex￿ndI￿N 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 R￿n9 Pro Fund has boon #ot up by Gotl Charilthe Trust Llmknd to Support dubs and fa¢i1tt108
who ￿$h to Creats and devekp g 981r￿u¥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 Sc*XObh GOW Ch•TM8blè Tru81 Llmlted to 8UPPOrt
the tran8POrt co8t8 of SCI￿01¥ 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 tr*nMctl¢)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 G￿1 ￿MIted. the Uf￿nate c4Jntrolting paty of the sO￿tish 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 ¢￿tr￿ling 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 prin￿paI ￿tl￿ty rf Ihe govemln9 body for golf wi
15-