CRAIGTOUN COUNTRY PARK FRIENDS OF CRAIGTOUN (A Company Limited by Guarantee) REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 REGISTERED CHARITY NUMBER: SC044249 COMPANY REGISTRATION NUPIBER: SC440222
FRIENDS OF CRAIGTOUN (Llmited by Guarantee) DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 LRAItsTOUN The Directors are pleased lo present Iheir rekK)rt together with the fancial statements of the Charity for the year ended 28 February 2026. The Ch8rlly has chosen to adopt the Charill8s SORP IFRS 102} 2026 ahead of Ils mandatory dats, and th8 finoncial slalemen18 follow ils requirements thng cuttenl applicablg laws and regulati8. Charltablo Purp080S The Friends ol Craigtoun seek to maintain Ihe sustainable operatn of Craigloun Park including Its oclivilles, afo and gardens lo meet the lollowing charitable obigctNe8. To secure the future ol CiakJloun Park as a iecre8llonal f8cSllly avallobl8 to all mombers of the publlc. To advanc8 clllz8nshlp or communSly devalopmanl {Indudlng Ihg promollon of clvlc re8pon81blllly. volunteering and the voluntary sector). To advance health and well-bolng by securing the lulure of Cr8igloun P8rk as an outdoor are8 lor walking 8nd exercise lor all members ol the public and for play by all children To advance envlronmenlal prolecllon andlof Improvement wllhln Cralgloun Park and In p8rtlcul8r through the mainlen8nce, con88rvallon andlor Improvement of Cralgloun Part(. To odvance 8ducallon. particularly amoTrJ lh8 U8er8 of Cialgloun Park. To advance heritage, particularly 8mono users of Craigloun Pa, Indudlng through: incieasing publlc knowledge ol Ihe history ol Cr81gloun Park.. and preserving and improvlng lor Ihg benefit of Ihe general publlc. tho hl8lorlc81, archll8clural and con8liuctlon81 herllage Ihal may exist wllhin CralOu Park In bulkllngs {Includlng any 81ruclur or erecllon and any part of a building as so dolinedl ol particular beauty or h151orical, archileclural or nStruCtIOnal in18r1. To provld8 recroalional lacilili88, or the organisalion of rgcroallonal 8cliville8, wSlh tha obl6cl of improvSrKJ Ihfj condllions ol Ilfe for all members of tho pullic who wlsh lo use Craigloun Park. Rovl•w ol the actlvltle• and Achl•v•ment• Over411. the numbei of vi8llors lo the paik and Ihg use of Ihe Calé decfea8ed this yèar. We belleve Ihl8 was princlpally due lo Ihe current c051 of Ilvlng challeng88 and the temporary Ios5 of OUT boating Bctlvlly whlle the Dutch Village resloralion work was being carritid out by Fife CounGII. The Friends of Cralgloun contlnued lo opgral8 Iho other Park fun aclivilies including the Rio Grande Tr81n, Puffin, Billy Road train. Pulling. Crazy Golf, Park Gowl. Bouncy C8sil¥s, Go Karts, Pedal cais lor under 8,$. plus. Free lo use Acllvllles,. Trlm-tralls, Zlp wlre, TrBrnpollnes, Chlldren's play area 8rHJ an all-lncluslve play ore8 lor vlsll(Jr8 wllh addlllonal n6ads. This yeai, the new activity ol Touch Tennis was introduced which proved popular. Th8 speci81 even18 such as Ihg Ea$ler W6ek8nd, Hislory In the Park, the Summèr FalT, the HAllowe6n event. Chrlslmas Wreath Maklng, S8nla Paws 8nd S¥nla's Chrlslmas Grollo were also held wlth great success. This y88r we launched our guided Heritage Walks in the Park, run by volunteer6, these aro held on the first Sunday of 8very month. so held on the first Sunday of Ihe month Is our new Arnied Forc•¥ Volerans Br8akfast Club. whlch h88 provèd popular since Ils launch In January. Thls winter we co-facllllated Wlnler Wellness ses51ons wllh Fife Coast and CounlrysSde Trust. These were well recelved by 811 who allended and basod C Iho 8ucces8 wlll be (x)nsldered f(K the 2026127 Wlnler programme offering. The Café continues to b8 an in4emand facility 8spec1811y Ing th8 summer monlhs.11 a150 enabte5 us Io provide facilities lo support Sunshine Kitchen and has allowe(J us to launch our Addlllonal Support Need5 IASNI Caloring prolecl.
FRIENDS OF CRAIGTOUN (Limited by Guarantee) DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 CRAItsTOU We obl8ined funding lo run our inaugural ASN Catering Project. which comprises OT short training programs for young people with ASN. Hoving successfully completed our firsl year we have secured lunding lo expand this program Snlo Ils Second year, lo operale throughout the year and focuslng more on leafners with ASN 8ged 16+ We are exlfemely grateful for the funding received fiom Thg Robertson Trusl, The Gannochy Trust. The Menlal Health and WellbeirwJ Fund ladminislefed by Fife Voluntary Action) and The National Lollery Community Fund, Fairef Life Chances. We conllnue lo explore a full refurblshmenl oflhe Pottlng Shed to create a welcoming, upgraded Café space, which will al80 allow us lo showcase the fich heritage ol Craigloun Park. This focilily will enhanco tho vlsilor experienc8, offering improved hospilallly and a me8ningful connoclion lo the Park's hislory. Subslanllal exiernal fundlng wlll be roqulred lo reallse Ihl8 ¥lsion, and lundlng options arg ¢urrenlly b8lng Invesllgaled. Voluntger Group• The vc4unleer groups al Fritsnd8 of Cr8igloun 8re essenliol to enabllng a suslalnable oper81ion ol lh9 Pork 8nd as in previous years they have provlded 8 ma8slve contribution to our succes5 and collecllvèly enhance the overall appeafanre of the Park. During the yeAr over 6600 volunteer hours werg provided by our mainlonance. Bmeni1188 and 8dminl8lr811on voltjnloers and a furiher 2478 hours by our Garden Group. Wo conllnue lo be imm8n3ely gr41olul lo our dedlcaled group8 of volunleers 91 Ihe Park. As an uxample, th18 year, our malnt8nanc8 volunle8TS have erected and bu511 a play bam compl81& wllh muddy kitchen and barbecue area. Thi5 expands our wel weather facilities 8nd incroases our play ofleTing8. W8 would Ilke lo Ihank the Klnbum Trusl lor the fundlno tho1 has allow¢d us lo comp161e Ihls projecl, Th18 wa8 a woducllvo year for our Gardon Group. wilh Ihe revamped beds Ihrlvlng and th8 Plant Sale raSslng over £1.000. In November, our volunteer oardeners coll8boral8d with Fife Coasi & Counlry8ido Trust, supported by SunshSne Kll¢hon and Madras College pupi16, lo plant slx Sakura cherry trees wovided by the Sakura Cherry Tree Prolecl. We have conllnued Io f¢CQiV¢ mony volunl¢ar hours Irom the C88118 Hunlly reh8bllSlalion 8chgme and from Madro8 College pupil 8UPPOrt unll. In addil+on. we havé $upportgd volunteer Inlernshlps Irom th8 Unlverslly ol Sl Andrgws. Tralning and support Is provlded for our volunteers as well as our s88son81 workers 8nd p9rmangnl staff when required. Addilional vdunleer5 are always mosl welcom8- ensuring a resilient an(1 growlng volunteer loam wlll remaln a prlorlly for I1 yoar ahead. Flfg Coun¢ll Wa continue to IIBis6 and work with Flle Councll. our Fandlord, lo encouraoe 11 lo fulfil the form81 S8rvicg Level Agreemenl urKler our18888 on the malnlenance of areas of Ihe Park. The Council has been supportlva and where possiblè acts upon our iequesls given th8 (e8oufce8 avallable to il. Our Gafden Group, in P8rt1cul8r, Is lttankful for Sls conlinued support. The Dutch Vlll8gg. In the ¢anlrg of the Park, Is an iconic bulldlng owned by Fife Councll and was In need of uigenl repairs. We are pleased lo r8porl Ihal File Council's conlraclors hav8 been working Ihroughoul this past year lo carry out the remedial work lo remove the ¢eS growing out ol the rool and walls and securg the structural inlogrily of Iho building. The external r¢novalion work is now complete and we expect thal11 will be posslb18 to open the boallng pond 8rwnd the bulkllng for summer 2026. Ptrnianent Staff W8 have 8 pefmanenl slalf complimgnl of four people. and they are invaluable in providing lh8 day-t(HIBy op8ratlonal management and In ensuring Ihe Park runs as effKlenlly and effectively as possible.
FRIENDS OF CRAIGTOUN (Limited by Guarantee) DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 LRAItsTOUN LoGal Communlty Groupj Wè have conllnued lo bulld on our communlty relBtion$hlps wllh many local and Natlonal Groups. Our relallonshlp with Sunshin8 Kllch8n has dev8k)ped and they conllnue lo run OUT Café for two days a week Over the winter period, using Some produce they grow in the park. Vvllh the relocallon to thelr n8w bulldlng at Craigtoun. our relatlonshlp wllh Sl Andrgws Men's Shed h85 conllnued to glow. Paik Run consislenlly draws ovèr 200 runners evory Solurday momlng and Guardians on the Go 6x9rclsè around Ihg park most Wednesday mornlngs. We continue lo work collaborallvely wilh local secondary school Madr83 College provldlng volunleerlng experiences lor the puplls. Thls SpriThJ has seen Ihe return of regular vigils ol pupil groups Supporled by Staff, who have adopted and aro transforming tha formfjr avi8ry 8pac8 10 a more acce6sible environmanlal 18arnlng space. In November we held our first Communtty Group Nalworklng evenl and we were dellghled lo w8lcome 811ende&s from elghl dlfforenl communlly groups lo gain insights and f8odback on how w6 can work bellei togelhar golng forward. Wa Inlgnd lo conllnue thèse ongagemgnl 8esslon$ In 2026. The Dlrector8 wlll conllnue lo bulld on Ih68e and olhw connunlty relallonshlps In th6 eomlng yoar. 8uitalnablllty and tho onvlronmont. Concorn for the 8nvlronmenl 18 an Integral part of our commllmenl lo suslalnabl6 delOpMent. We recognlse our r&sponsSbilily lo reduce wr carbon and envlronmenlal loolprlnls. Our aSm Is lo reduce the Impact on the envlronmenl ITOM our op8rallon$. As part of Ihls commllmenl, ovgr tho pas1 two years wg 88cured £40,000 fundlng lo Install 29kw ol solar panels and a 57kwh ballery and havg lulure plan810 sook fundlng lo Install Another 44kw ol additional solar pan61s and 8 57kwh ball8ry System. This wlll reduce ongoing eleclrScity costs by an esllmaled 90• and move us lowwds nèt zero. Plan• for th• Futur• To Improvo the visllor experienco al the Parlt 11 w511 be crilical to secure sub818nllal oxlornal lundlng lor development of Ihe Polling Shed 8nd the lulurg developmpnl of Ihg Oulth Village. The Dlreclors wlll conllnu8 lo pursue fundlng opportunllles. bul glven Ihe slgrllflcanl amounls InVved11 could lak8 sorne years before PTogres81s made on the redevek)pmenl of the interior of Ihe Dutch Village. Th8 Park has now been op8raling lor over 75 years. having firsl been opened In 1950 by Fife Council. The Dlreclors want lo ensuro that the Park continues lo be a go lo dasllnallon for the people of Flle and vlsllors from near and far to suslaln its fulure op8rallon8 for decades lo come. Th81 wlll T8qulre 8xI8Tnal funding to upgrade facilities lo meet modem standards whi151 calortng lo Ihe dlverse needs of our vlsllors. We wlll need Ihe continued support of our volunteers whose unwavèring dedicalion along wllh our parmanenl and 88ason81 stoff ensures the Park's smooth op8ratlon. Durlng 2026 we will be holding a number of new events In park to widen our client base and increase foolfall to the Park. We also need lo cr8818 an Incluslve environment that apalS lo vlsllors of 8118ges and backgrounds and with that in mind our continued support for communily-focused gr04Jps and developing rfjlalionshlps with local organisalions will be import8nl lo delivering on our goals and fullilling our charilable purposes.
FRIENDS OF CRAIGTOUN (Limlted by Guarantee} DIRECTORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 LRAIGTOUN Risk Manogement Th6 Dlrectors have assessed the major Tlsks lo whlch the Charlty Is exposed. thes8 Includ6 Ihose relallng lo govfjmance, operatKins. flnances, external factors and compliance. and are satisfied Ihal sys19ms are in place lo miligale Ihe Charily's exposure lo th6 major risks. Risk assessments a(Idress all key areas of the Charity's acllviliès and are reviewed on a rogdar basls. Flnanclal Rwlew The Charity has garly-adopled the Ch8rllies SORP IFRS 102} 2026.. the financial sial&menls for the year reflect Ihls change and, as dlsclosed In the notes. Indude a reslalomenl ol openlng r8setV8S 8rislng from the Iransiilon. Thls adluslm6nl Is extAained in Nol8 5 to the accounts and is highllghled here lo ensuro transparency aboul Iho impact of the new reporting framework on compafalive figures and Ihis year's results. Frt8nds of Cralgloun's day-to-day operallons and rnalnlenanca are funded almost enllrely by recelpls gener8led from wllhln the Park, prlnclpally Ir¢Jn admi8slons. Park gclivllles. and the Café. whlch conllnues lo operale through the winter months. Thls model means Ihe Charity's income profile is highly seasonal and senslllve lo wealtter condllions and Iho school hdiday cabndar, wllh the bulk ol receipls loalised ov&r Ihe E8$ler and Summer peilods. Our expondllura pallorn mlrror8 that 8easonallty. Slofflng arKI 8tAlvlly co8t8 paak In Ihe wamer months when we recrijil a number of local seasonal personnel lo deliver Ihe programme of events and moinlaln visitor 88rvlce8. These temporary increases In payrc418nd 0poratg w$ls 8r8 es88nlial lo meet demand al our buslesl Ilm65. Becau8e ol the seasonal m18m8lch belween inxime and ongolng fixed o)818. 11 18 nece888ry lo hokt 8dequBle r8serv881o mael the Park's commltmenls during quieler monlhs. Roulino malnlen8ncè 8nd winter fUf)nlng Gosls are rnel from Ihese reserves and from op&ralSng cashllows, whlle slgnlflcanl c8pllBI projects Includlng new facllllles and rnalor bulldlng repairs aro funded prlmarlly through external gr81118 and donallon8 r81her Ihan Irom unre81ricied trading income. Thus, malor piolecls lo Improve and upgrade th8 Park can only bg carrled oul when external fundlng donollons and grants, Bre recalved. We h8V8 been fortunate Ihls year Io secure grants and donatlons whlGh have enabled us lo progress wilh 8 numbér of proj6cls including the rolurbishmenl ol the m8Inlen8nce yard buildin9s. ballèrlè$ for so181 Panels. air sosjrce heal PLtmps, Installing 8 new play bain 8nd ¥epaidng tho ¢razy golf course, purchaslng new Galé equiprnenl, upgradlng our F81ry Glen, and other capllal equlpmenl, wlih 8pèntl lolalllng £129,968 . We are exlremoly gialeful lo all our fundors and donaloTs. wllhoul whom IhgS& projects could not have been 18ken lorward. In ioiaS Ihis year cawtal expendilure on the Park amounted lo £160.04912025 150,9441. In the year lo 28 February 2026, the Frlends of Craigloun reported grants and donallons, recglved and receivable. 01 £253.523 {2025 £168,688), ol whlch £240.56212025 £146,841) w88 reslriGled,' in accordance with the adoption of SORP 2026, £219,181 of Ihis year's grant income has been def8rred1£203,522 nel of th18 yeai's relea88 of that income). Income from ch8ri18ble aclivilies fell lo £593.407 {2025.. £670,684). prineipalty because lickel and event receipts were bwer.. lickel. evtsnt d8yS and sh4) $81es reduced lo £289.74312025.' £345,09418nd café sales were E287,607 (2025.. £310,339). A numb8r of faclors conlribut9d to a w9akgr Iradlng year. The Dutch Village reslorallon work. whlch required tho boating pond lo be laken out of use for parl of the season, materially reduced boaling-relaled lickel incoffle and is likely the mosl significant operational reason for th8 decline fooll811 and activity Income, whlle the wlder coSlf41vIng onvironment will also have had an impact on visitor behaviour. Expendllure was £759.826 12025 £732.507 as restated). Wilhln charflabl& exp8ndlture, £53.252 (2025 £23,195) related lo reslricled funds. We pay the Real Living Wage forseasonal personnel, which along with the increase In National Insurance has incrèased our staff costs.
FRIENDS OF CRAIGTOUN (Limited by Guarantee) DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 LRAItiTOUN There was an over811 loss lor the year 01 £58.248 (2025.. profil £15.4451. However. in cash tem78 ihe operaling fesull on chÉrilablo activities before deprgcialion charges. and incomalcosls related lo reslricled donallons, was a loss of £23,104, and after unrestricted donation recelpts of £12.961. a loss ol £10.143, which was adgqualely covered by Teserves. Al 28 February 2026, th8 Charlly hekl total funds of £271.328 {2025'. £329.5761, compr181ng unrestrlcl8d re88tve8 of £254.631 12025.. £310.5311 and reslrlcted reserves of £16.69712025.. £19.045}, Ihls roslricled ba18nce 5s after deducllng deferred income of £76.790 relating mainly lo grant funding for next year's ASN programme. In pracllce, Ihe Charity held reslricled cash balancgs of £62,518 and a further £30,969 recolvable from the National Lollery. fepfes8nllng funds alrgady secured for spgciflc projects. Thes8 amounts will be applled In accordance wllh donor condillons as the rBlaled aclivilles progress In calendar years 2026 8 2027. Doslgnaled fLsnds of £10,202 wllhln unrestrlcled r8serv6s12025.' £55,784) waro IncreBsed and ulllls8(J durlng the year lo support mainlanance and 8m8ller-scale prolec18, and £17.627 WAS also used lernporarily lo meet shorl-lerm lunding requirernenis pending receipl ol grants. The general lund primarily represents Ihe Charlly's inveslmenl In f¢xed o$sels, while d6signaled funds are axpecled lo be ulilised over tha coming months, although the Communlly HLsb proje¢l expenditure will be dependent upon progr8ssSng sludlès lo extend ulili1185 to Ihg proposed sile. Tho Board maintains a maintenance reservo for unlore8e6n repalrs and a general raserve lo provSde reslliènc¢ ogainsl season81 Irodlng flucluallon8 or advarse weather. onsuring sufficient cgsh resources lo mg01 operallonal needs. Looklng ahead, Ihe complellon of tha Dutch Villagè r8palr8 and the r8op8nlTha ol the bDallng pond should Improve vlsilor numbers and acllvily Incomg in Ihe coming season, provlded wèalhor condiilons 8re f8vourabl8. The Board remaln5 caullou8 bul cylbmlslk.. we vlll conllnue lo monllor Iradlng closely, malnlaln 8n gpproprlalo lovel of 198erve8 to manage seawnalily, and prlorllise extwnal fundlng for malor capllal works so that unre8trScled operallng Income r8maln8 lo50d on 8uslalnlng day-lo-day Park service8. Falr Work Flr8t- Slaff ¢o•ts F81r Work Fli8t Is the Scollish Govemmenl's flagship pollcy for drIVi hlgh quallly and falr work 8cro$s the 18bour market In Scotland by applying lalr work crit8ria to giants, other lundlng and contracts belng awarded by 8nd 8oro88 the publlc $eclor. Through Ihls approach the Scottlsh Govwnmenl Is a8klng empfoygrs to sdopl falr working praclices. Frl8nd8 of Cralgtoun Is commllted to advanclng the Falr Work Fir81 crllerla, includln9 the Real Llvlng Wag&. In1Sghl of Ihe Government's incre8se In Ihe N8lion81 Living and Mlnimum Wage 8nd the increase in Ihe Real Living Wage. along with th& in¢rea5e In Employer's National Insurance, il has regrellably been necessary lo In¢rgase the 2026 prlces lor the oclivllle8 In the Park lo help with the 8uslainability of the Park's opèrallon$. Res•r¥e• Polky The re8erve8 pollcy of the Ch8rlty18 to engure that sufficl8nt Ilquld lunds aro avallable to '. provide financial stability and suslaillabilily.. ensurg that sufficient liquid funds are availabl8 for tho Charlly lo functSon during the off-season l.e. over the winter when expenditure exceeds the Income,. ensure that the Charity can function should Income or funding rgduce due lo unanllclpaled gvenls Ithe resefve funds 11 enable the Charily lo funcllon foi a Ilmlled pgriod during whlch the 8oafd can assess the yilualionl., provide funds for essary maintenance of assets and upgrade of aclivities- help lund futu proj8cLs and inilialives Ihat align with Ihe Charity's missions., protect against unplanned adverse events e@. gmgryency repairs or unexpoclgd operallonal costs.
FRIENDS OF CRAIGTOUN (Limited by Guarantee) DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 CRAIGTOUN In calculating Ihe available liquid reserves the Charity excludes restricted ILtnds and fixed assets from the calcijlalion. Due to the seasonal nature of the Charity's incom8, the availablè liquid reserves will ftucluale duiing the year when Ih8y ale built up over the Income gener8llng porlod and depleted during the wlnlei peTlod. The Directors are sotisfied that lh8 reserve¥ aré sulfici8nt to mggt tha lulure n88ds of the Charity. Investment pollcy The Direclors do not hold funds for inveslmenl. The Direclors ar8 S8tl$fied that Ihe cash hokl In reserve Is In bank accounts Ihal give a $ultable b81ance b8lw8en ease ol access and rolurn of Interest. Structure. Govgrnance and Managom•ni The Charily Is a company limited by guarantee with no sharo PItal, Incorporated on 14 January 2013 and govorned by118 Artlclas of Assoclallon. The Ilablllly of each member in th8 evènl ol 8 wlndlng up Is Ilmlted 10£1. The Charity is administered by a Boord ol Dirè¢lors who meet approxima161y lèn Ilmes per year. The Dlrectors also undertako a consldefable amunl of volunlary and unpald work oulslde forwnal In88llngs, includlng oper&llonal Involvemgnl, and widar oversight ol the Charity'8 affalr8. The day40-day work 18 manaoed by the Park Managemanl Commlllee and the Park Manager. The Ch8rily's poy policy ensufes falrness and 11onsparoncy. Aclivily start and ¢af¢ staff 8re paid 81 Iho R881 Llvlng Wage Rate, reflecting the org8nlsollon's commllmenl lo 8qull8ble employment pracllc8s. Sdlarles lor manBgem8nl, 8upfjrvl8OfS, and olfice staff are rovlew8d annually and malnlalned In Ilne wllh Inllalion, laking account ol allordabilily and prevailing market condllions. The Board considers Ihls approach proportionale lo Ihe Charily's size and resources. Any member ollhe Charlly who wl8hes lo be o)nsklored ft)T appolnlmont 88 a Dlrector ot 8n Annu81 G*)n8r81 Meellng 8h811 lodge a wrillen nollce ol their willingn8S8 to be appoinl8d, lin such form as Ihe Director8 require), signed by Ihe member, 818ny lime vp lo the commencem8nl of the Annugl Ganeral Me811ng wlth the Chairman. Direclors may ba appoinled by ordln8ry fesolulion. The Dlr8ctOfS MBY al Any Ilme appolnl any member. (providlng h8lshe18 willlng to acll, lo be a Dlr8clor lo flll 8 vacancy or a8 an addllional Director. The Direclors may also appoinl a non-membar, (providing helshe 15 wllllng lo acll lo be 8 Covopled Director. The Charity ha8 procedures lor Ihe induction and Irainlng ol Directors which indude 3 briellng meeting with the Chairman and provision ol copies of the MemorandLFm & Articles of As8ociats'on and other key documents.
FRIENDS OF CRAIGTOUN (Limited by Guarantee} DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 (.'RAIGTOUN RefernnGg and Admini¥tratlve Inf0MtIon Scolllsh Cha¥lly number.. Company Reglslralion number.. Oporalion81 address.. Regislargd Offlc6'. SC044249 SC440222 Cralgloun Pwk, Sl Andrews, Fife, KY16 8NX clo ThnIons. Klnbum Castle. Sl Andrews, Frfa. KY16 9DR Dlrèctors and Tru8teo• The Dir6clor$ ol Ihe chaiilabl6 company I'lhe Charilfl are ils 'lruste8s" for the puipose of charily18w and throughout Ihls report 8re coNeclively referred lo as the Dk8cloTs. AU Olreclors serve on a voluntary basls and rocelve no remungr8llon for ihglr servlces. The Directors 8erving durlng the 1h)d and since ihe perlod end were as lo118.. Margar81 L888 IChalr} John Boog (resigned 7 Oclob8r 2025 Alexandèr Clark Campb811 Murdoch Flona Oxley Henry A Paul Nicola Shepherd Douglas Slophen Rhoda Wllson Al Ihe nrsl general m8eling all ol thè m8mber Dlrector8 $h811 rellre from office. Al each general meellng (other than the fifsll 8ny member who was appoinled by the Dlreclors In the period from the dBle ol the last 8nnual general meèting ¥hall rellre Irom office and out of the remalnlng member Dlreclors, one Ihlrd sho11 rellT8 Irom offlce. The Dlreclor8 lo rellre shall be IhosB who havg beon longest In offlce slnce they ware la81 8ppoinlèd or r84ppolnled. A Dweclof who retired from officè sh811 b8 avallable (or re-election. Al the conclusion ol each annual general meellng 811 co-oplod Directors wlll vacatè office and wlll Immedlal8ly be eligible lor re-oppolnlmenl by the board. Thè maximum number of Direclors shall be len. ofwhich a maximum of sovgn Bhall bo member Olr8ctor8 and a moxlmum ol three Shan be Copopled Dlrector8. Senlor Mttn•g•m•nt Poul Dlxon - Park Manager AuthoYls•d Corporato 8•rvlce Provld•r Thornlons Law LLP Klnbum Castle Sl Andrews, Flfe. KY16 90R Our advl80rs Audltors BK Plu5 Audll LlmllBd 144 Nelhergale Dundéo DD14EB Sdicllors Thomlons Law LLP Ktnburn Castle Sl Andrews. File. KY16 9DR Bankers Bank of Scotland plc 1 Queens Gardens Sl Andrews, Fife, KY16 9TD
FRIENDS OF CRAIGTOUN (Limited by Guarantee) DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 CRAI(ITOUII Dlr8ctors' r8sponslbllllles In relatlon to tho flnanclal 8tatemgnty The Directors are rèsponsible for pi8paring Ihe Directors, Report and Ihe ftnandal statements In accoidanc8 with applicable law and United Kingdom Accounting Standards Iuniled Kingdoin Generally Accepted Accounting Pr8clice}. Company law rgqulres the Dlrectors lo prepare ftnancial statements for each Ilnanclal per1 whlch glve tru8 and lair view ol Ihe slate of affaifs of the charltable company, induding the Income and expendituie ol the charitable company, lor Ihal period. In preparlng the80 Ilnandal slalements the Dlreclors gre requlred lo.. select Sultable Bccounllng policies and Ihen apply them consisienlly and observe the methods and princlples in the Charilios SORP.. make judgements and esllmales Ihal are r8a80nable and prud8nl'. slate wh8lh8r appllcable accounllng standards have been followed, 6ublect lo any maltrrlal departures dlsclosed and explalned In the flnanclal slalemen18', and prepare thè financlal slalemonls on the going ts)nc8m basls unloss11 Is Inapproprlale to presum8 that th8 charlly will conlinue in operallon. Th& Dlroclors are rgsponsible for fflalnl8lnlng proper aceounllng records whlch dlsclos8 wlth r888onable ccuracy 818ny Ilm? Ihe financlal posilion ol the charily and en8ble3 them lo on8iJre that Ihe llnonclal stalgmenls comply with the Comp8ni8s Acl 2006, the Charill89 and Truslee Inve51menl ISco118ndl Acl 2005 and the Charilios ALcounls (Scollandl Regulalions 2006 las omendedl. The Dlreclors are also responslble for sal8guar(Ilng the ossels of the ch8Tily and h6nc8 lor laklng roa8ongble slep8 for the pr8v&nllon Bnd dalecllon of fraud and olhor Irregularllle8. Small Company exemptlon8 The Dlreclors have pr8pared 11)I8 report In 8ccordance wllh the 8poclal provlslons re18tlng lo $m#ll compan188 wllhln Part 15 01 Ihe Companlgs AGI 2006. Approved by the Olreclor8 on ioV% June 2026 and slgned on Ihelr behalf by: Margaret Lees Chair of Directo{$
FRIENDS OF CRAIGTOUN {Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE DIRECTORS OF FRIENDS OF CRAIGTOUN FOR THE YEAR ENDED 28 FEBRUARY 2026 Opinlon We hav8 audited the financlal slalemenls of F8ndS of Craigloun Ilhe 'charilable company'l for the year ended 28 February 2026 which comwse the stalemenl of financi81 adivilies, the balance 5heg1, the slalemgnl of cash flows and notes lo the flnanclal sialements. Includlng 81gnlllcant accounllng policies. The financi81 reporting framework Ihal has been apled in fvir preparation is applicabl6 law and United Kingdom Accounting Standards, Includlng Financtal Reportir)g Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ir8land Iunllgd Kingdom Generalty A¢pIe Accounllng Pracllc81. In our opinion. Ihe financl81818lemenls.. giv8 a true and lair vlow of the stale of the charitable comp8nls 8ff8lrs as al 28 February 2026 and of Ils incoming r880ur¢eB and appllcalk)n of resouTce8, including 118 Inrome ano exp8ndllure, for the y8ar then ended., have been proparly prepar8d In accordanc6 wllh Un51ed KlngdLYn Gonerally Acc6pl8d Accounllng Practice; and have been prepared In accord8nce wmh the requlr8manl¥ of the Compan488 Acl 2006, the Charities and Trustee Invaslmenl IScollBndl Ad 2005 and regulatlon 8 of lh8 Charitie8 Accounts (Scollandl Reoul81ions 2006 las amended). Ba$ls for opSnlon We conducted our audit In 8ccordance wSlh 1nlem8lional Sland8rd8 on Auditing IUKI IISAS IUKII and ppIic8ble law. Our responsibililles under Ihose Standards 8re further describ8d in th8 Audilo¢s ro8ponslblllllgs lor the audll of the Ilngncl81 statements socllon of our report. We are Ind8pand@nl ol Ihe charilablo company in accordan wilh Iho èthical requKomen18 th81 aro relevgnl lo our audll ol the financial slalemen18 In the UK, includlng the FRC'S Ethical S18ndard. and we have fulfilled our olher elhic81 responsibilities in accnrdancg with these requirement3. We believe Ihal Ihe audll evldence we have oblainod sufflclonl and approprlole to provSde a bas15 for our oplnlon. Con¢luBlon• r•latln9 to golng concern In auditing the financial sl8lemenls. we have ¢onduded Ihal th8 Dirèctors (who are also the charity Iruslees for Scollish chadly law purpososl u8e of the golng concem bosis ol accounllng In thg proparallon of the finanGlal slalemenls Is approprl8le. Based on the work we have ptsrformèd. we have not Idenlllled any matèrial uncertainlies relaling to events Of condillons Ihal. indivUallY or collecllvely. rnay cast signS1icant doubl on the charltable company's abillly lo conlinue as 8 going concern for o pefiod ol 81188sI Iwefvè monlhs from whgn the 1Snancial slalemenls are authori88d lor Issue. Our responslbS111ieo and Ihe responslbllillgs of the Dlrector¥ wllh rgspect to golng conc8rn are descrlb8d In the rg19vanl secllons of Ihl8 report. Other Informatlon The Dlreclors are raspons1tO for the other Informalksn. The olher infomialion comprises the informalbn Included in the annual report. other Ihan the financlal slalgmenls and our audllor's report Ihereon. Our opinion on the linancial slalemenls does not cover Ihe olher information and, except lo the exlenl otherwise èxplicilly slalgd in our repDrt. Wg do nol express any form ol assur8nce concluslon Ihereon. In connection with our audit of the financial slalemenls. our responsibility Is to read the other inft)Tmalion and, in doing so, consider whether the other information is materially inconsi51enl with tha linanclal 51alemenls or our knowledge obtained in tho aj[t c* otherwise appears lo be materially misslaled. If we Idenllfy such malerlal Incons151encles or apparent malerlal misslatemanls, we are requw8d lo delermlne whether there Is 8 material misslalemenl In the finanaal slalements or a material mlsstatemenl of the other informalion.11. based on the work we have perf0Md. we conclude that there is a mater1 misslalement of this other inform81ion. we are required lo rep¢Jl that facl. We have nothing to report in thi5 regard.
FRIENDS OF CRAIGTOUN {Llmlted by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE DIRECTORS OF FRIENDS OF CRAIGTOUN {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Mattèrs on whlch wg arg rgqulrèd to report by •xc8ptlon We have nolhing lo (oport in respect ol ihg following matters in relation lo which th6 Charltieg AcUnIS Iswllandl Regulations 2006 las amgndedl require us lo report to you If. in our opinion.. Ihe infofm81ion givon in the financlal statements Is in¢onsi$lent In any malerlal respect wllh the Directors, report., or proper accounting records have not been kept. or Ihe linanGial slalemenls are not in agreemenl with th• accounllng records. or We have not received al the informalion explanations we requi18 for our audit Re8pon61bllltles of Dlroclols As explained more lully Ihe slalgm•nl o( Dlrectors. respsIbilItIes, the Directors. who are also reaarded s Ihg cl)arily Iruslees of the Chari18bl& company, are responsible for Ihè prepafallon of ltte linancl81 slalemenlg and for belng s8115flè(J Ihat they glve a liue a1 falr vlew. and IOT such Inl8rnal control a5 lh8 Dli¥clors delerrnlne Is necessary to enable the pr8pBrallon of fkn8ndo1 siatom8nls that aro Ire8 from m81gri81 mls818lem8nt, whether due to Ir8ud ry 8rrt¥. In prepollng Ihe financlal 51alémenls thè Dlreclors are rasponsible for a$sas$ing the charlt8b>e company'g ability lo conllnue as a going concern. d19ch)91ng, as aPIcable. mallèTS related lo golng concern and uslng Iho going conc8rn h8sis d 8CCOLtnling unloss the Directors ellher Inlond lo liquidale Iho charitabl6 mpany or to cea$e op8ialions, or have no realisliG allernalive bul to do so. Audltor'• rosponJJlbllltlè$ for tho audlt ol the Iln•nclal $tJtgmgnt8 We hpve been 8ppolnted as audltor under seclk)n 441111¢> ol Ihe Charbtl98 and Tru$teo Inv881ment ISco118ndl A¢1 200S 8nd report kn a¢dance wllh lh8 Acl 8nd rekgvant regulaUon8 made or havlng effocl thoroundor. Our oblecllves ara lo oblaln r¢asonablè a86urènce about ether tho flnanclal 8lalernents as a wholg ar8 free from malerlal mis31alemenl. whèlher du6 lo frAud OT èrror. and lo Issue an audilorfs report that inclUdS our rJp4nlon. Ro8sonable as8urance18 8 high lgvel of assurance bul Is not 8 guaranlee that an audit eonducled In 8ccord8nee with ISA8 IUKI athys delect a materi81 misslalom¢nt whèn il 8xlst6. Mi681al8menls can arise Ifom fraud ore and 8re ¢onsldored m81orial il, Individually or In the aggfegate. Ih8y could rea8ablY bo expected lo Inftuence Ihe economlc declslon$ ol u$er$ taken on the b8sls ol Ih8se flnanclal $lalgmenls. A further d98crlplknn of our r98pon$ibililles 1$ availoblo on Ihe Financlal Reportlng Councll'8 web8118 al.. hllp8'.11 wvM.Irc.org.uklaudllor8responslbllllies. Th18 descrSptlon fL¥ms parl of ovr audllofs roport. The exlenl lo which our procthjurès are capBi4e of delecliry Irr6gularllle8. Includlng fraud, 18 deloil8d below, Al the plannlng slago, w8 a53•ss th8 risk of mal8ri81 misslalement and any such ifregularilias And dasign audit procfjduTes t8ilore(I to these risks which WKI be followed lo ensure th81 wg are capable of meellng OUT respon61bllltl88 in this are8. With a chorltob18 company w8 deem the Ma rlsks lo b& mainlainlng the conllnulty of Incm slr¥8ms, and rgt8knlng SuffiCnI reswves to support the $ubsldiary Ir8ding company. Faclors relevant lo our assessmenl, have a posib've Impact on the capability ol our procedure510 detect such Irregularities. arè the size of the enlily. the complexlly of the entity's operatbns and OUT undefslanding of Ihelr reoul810ry 8nd control environm¢nls. The stsff working on this audit assignment haye been fuHy brlefed in rela11 to the charitable company's 8cllvllles, includlng the regulatory regkne in they 0[rate. As part of an audil in accord8nce with ISAS (UK), we exerase professional judgem1 and maintsin professlonal sceplicbm throu10vI ihe ÈLtdiL 10
FRIENDS OF CRAIGTOUN (Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE DIRECTORS OF FRIENDS OF CRAIGTOUN (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 We also.. Identify and ass9S5 the risks of malarial misslalemenl of the financial stalem8nls. wh81her due lo fraud orerror, design and rfo audll procedures responsive to those rlsks, and obtain 8videncè Ihal is sufficient and approprialo lo provide a basis fol our opink)n. The risk of not ¢Jelecling a material mlsslalemenl r8sulllng from fraud18 hlgher than for one resulllng from error, as fraud may Involve colluslon. forgery, Inlenllonal omlsslons, mlsr&pre8enlallons, or the overfda of Inlemal control. Obtain an under818nding of internal control rean1 io Ihe audll in order lo design audit procBdur8s Ihal are appfopfi818 in the circumsiancés. bul not lor the purpose of expr888iThJ an opInn on the effectiveness of the internal control. Ev8lLtale the appropr181eness of accounllng policiès used and the r68s0nablene8s of accounllng gslimales and relalgd disd08ure8 mad& by Ihg Dir8clor8. Evalu818 the overall presenlallon. 8trncture and u)nlenl of thé financi81 slalemen18, IrUdIng the disclosurgs, and wh8lh8r th¢ financial slalam6nl$ represent Iho undgrlying Iransacllons and &venls In a manner th81 achl•ves fair wesenlallon. Wè communlcalo wllh those chafged wllh govgmance regardlng. among olhei mallers, the planngd scope nd IlmSno of the audll and slgnlllcanl audll fIlIng8, Includlng any slgnllcanl deNclenc588 In Inlgfnal control that wg Idgnllfy durfng our audll. Uie of our report Th18 roport is made $0181y lo the Charlly'8 Dlroclor8, a8 a body, In 8¢cordance with Regulalion 10 01 the Charilles Accounts (Scollandl Regulations 2006. Our audit work has b8en undertaken so Ihal we mighl slate lo Ihe Charlly's Dlreclors those m811er8 we are r8quired 10 8181e lo them in An auditor's roport And for no other purpose. To the fullest 8xlenl pgrmilled by law, we do not accept or a86ume responsibillly lo anyone other than the Charily and the Ch8rlly's Director8 as a body. Iw our audll work, for this report, or lor Ihe opinions we have formed. Murray Dalgoty C.A. Isenlor Statutory Audltorl For and on behalf ol BK Plus Audil Limited, Slalulory AudiloT Chartered Certilied Accountants 144 N8lhergale Dundee DD14EB BK Plus Audit Limilgd Ss eligible for 8ppoinlm8nl as audilcK of thè Charity by virtue of 118 ellglblllly for appolnlment gs auditor of a company under Sec1 1212 of Ihe Compan8 Act 2006.
FRIENDS OF CRAIGTOUN (LimSted by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 28 FEBRUARY 2026 r••t•t•d Tot•1 Total UN•4lrlclOd Ro•trlct•d Fun Un#trIct•d Rmlrfctod Fur Funds 2026 Fynd¥ FdI 2025 Not•• Grth, doT4110fv Chaiit8bl8 xI1es 63.418 593.407 47.646 111.004 S93,407 1,105 55, 670.684 1.046 25.413 60,477 870.084 olr&Y>fi Tot•1 47,646 705.576 Ralslng lffijs ch&rilal Tolal Expendliuyo 3.998 7rks.574 710 572 6.1CO 709.312 715.412 6,11YJ 53.252 759 826 53 252 6?4 23.195 Net knoor 152.6421 {5.6(I81 1612411 13,227 2218 16,445 Trnn8f8rs b8twe¢n lund8 42 105 N•t fflovemeni tn Is&0) 12.3481 158.2481 55.332 139,887) 14445 R•¢onc••tk)n ofkn)d•.' Tow fts lowd l m2025 19.N5 2$5.199 $8.932 314 131 YotalJnd• 2J Filxuary2021 254.631 1fj.697 3tO.631 19.U45 tss on pages 1510 25 lomi an irtowalwt of Ilp 12
FRIENDS OF CRAIGTOUN (Limited by Guarantee) BALANCE SHEET AS AT 28 FEBRUARY 2026 Tot Fur 2021 Tot1 Funds 2025 Un11T4¢t•d ft••ttht•d Fund¥ Funth Unr•8lrkt•d Rulrlet•d Fund• Fund Not•• Flxad a•i•t• T•rf)kry 814.041 814,041 814 041 814.041 744 065 744 065 744,0S5 Currgnt as••t• Stock Dgblors 8nLt prepaym8nl8 Cash in bank In 14.496 79,544 67,369 161.409 11.906 14,2U2 111.426 137534 11,906 92,893 150403 255 202 17 110,013 129 8B7 78,691 38,977 62.518 93.487 LIAbllitl•• Cv•dlt•r#,' •mount• INn9 du• wlthln on• y••r Gfo¢Jiioro Accrual Dgfoffed 69,284 9,77è $8,479 137522 23.887 89,284 9.77# 5,427 8,024 81.623 88,900 ).982 42.505 118,504 88,3•2 98,fj23 154837 N•t currant M••t• Cr•dltorn.' 4mounl• f4lllng du• Iftw mor• th4n on• y•ir D•l•rrtd tsibmq 81,520 i• 5B3,297 25,ac 101105 615.044 010.044 Tot•1 n•t •ul• 271 J21 310 531 JZ9 576 rh• lund• of lh• Chwsty: Unr••trl¢t•d In¢om• lund• Gor01 Fu DeBPJrAled FuTrJ 244.4?.9 10.202 244.429 10.IQ2 204 031 2S4,747 254,747 21 310 531 310 531 R••trl¢t•d In¢om• lund•'. Rosicled 274J 18,697 19.04$ 19,045 19,040 Total Chwlty tund• 16.687 Thwe &1¥1omort¥ bBen wop3r•l In with the PrO5J8 8ppkath lo SMBI companiiJ ?(bl8cl lo IhB ¥mg11 ¢offy8ns reglffts. Tke Cry8ry i¥ enlrfknd lo ITr Irom raqr&@t C4Ylt8ld In s11) 477 01 Comp8ni85 Act 2008, ler Its yeur er¥Jed 28 ForY 2Q26. 1$ rwjimd lo an atht Y8r Il CharlllBs rÈuulHlbFks. Thè dimctor¥ ktedge responsltyklS l¢{ eorryry with IIY rewrerwrrts ol th CompaThBS Acl 2006 with r•8p8cI Io 8r¢LwllryJ r•cordB 8r¥J Pf•por81knol finqNJo18laIts. P•pro¥ed by th• Dlr•ctovg on 10 Jun• Zokn and ilqn•d on b•h4 by... Ilargwr•t Lees IChalr} Ilurdoch ItMr•e¢orl C(wry R8gY81ralkJn SC440222 rKJles on pwJes 15 to 25 fomi w Irlwl pat of t1• acctKffts. 13
FRIENDS OF CRAIGTOUN (Limited by Guaranteo) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 28 FEBRUARY 2026 Ary re8t8ted 2025 2026 Cash flows from operatlng actfvitl•s; Cash generatod fronVlab$orb&d by) operatlon8 Is•• below) 201,136 Cash flows from Inv•8tlng actlvltles: Irweslment Income Purch8888 of larylbl8 fixed 8ssets N•t cash u•od In Invosllng actlvttlgs 1.105 150,944 149.898 N•t Increa8elld•creaMI In WKI Gash •qulv•bnt• 120,516) 51.238 Cash and CaBh gqLfvalento bro forward 150,403 99,165 C4•h and ¢••h •quIV•ntty ¢arrlgd toThMrd 129 887 150403 •ty418 of chang• In n•l d•bt C88h 811 March ISO,403 89.18S Cash nows h) year 120,5161 51,238 Ca8h al 28 February 129887 150,403 R•¢on¢lM•tlon ol net mov•nnt In fund• ¢0 n•t ¢Mh flow from opratlng •ctlvlil•• Nel movamenl In fvrKI$ Add back éepreclallon crge Inv8slm8rt shown In IrwfjBt ad1V DecTeaBelllfthase) In Block8 I11889811deCreaSo in debior8 IncreosellDKr9asg1 in crediloTS ar¥J doferrfjd ir¢0 Ca8h g•n•r•t•d fron(1)rI)&d by) op•ratlon8 158,2481 90,063 11,1051 12.5891 (17,6201 127 928 138,428 15,445 91,683 11,048> 11,7911 (69,0361 201,136 14
FRIENDS OF CRAIGTOUN (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 1 Aceountlnp pollcles 1.1 88slJ ol prorat10n fln8rKkql 8tolenNS ha begn w8pared li accxffd wrth FRS 102. Tr FIrtl Reportiry Starklard applicabl8 Iho UK 0ThJ Rèpthlc of Ir8kn1 IFRS 1021, .C(MTra 8ThJ RgportK4 by CIBrilil89' Its St8lemont ol Rt)rnmeNJ0d Pre0 for chall1 apptyéw FRS 102. ISORP IFRS 102120261, Crryanh8 Aci 20Cfj, aNI Generally Accgp18d A01r9 Praclke. ChBTity B 8 putrAk benefit ertily 88 delird by FRS 102. Direclor8 have e16e16d lo early.adopl tho TIl8 SORP 2026 Icrf ts yoar w(18d 28 Fefffuary 2026. Assets a1 liabllilw8 are Initially recogsed al hlsloiic81 cosl or tra0¢11 uthrys5 c4h8fwise stated In t1 rekn¥8nt aCCrIrg pollcy rK)188. Ts8 accow)Is ar¥ pr8Sgr4ed h p8 glwlw. Ilw ol It Clwity, Ml9ry val& arn roU1d lo tho fvare51 UThJ. 1.2 Goln9 CvnGorn At tl lim• of apprAry t accw¥. Llrsctor$ a reMorab18 •xpectallon that Ihe CtY Bd8qUBte r050urces lo in op8raiional eyisIe lor lores00abkn futW8. Tkn Ihg Charlly con116 10 8dopl golro cOrrIs b&$is ol accouWNJ In wgpwlw tlw acrJwrts. Th comldor t1 mat8rd wKgrWrtIg8 About th& Choilly's abwly to cordirw as 8 1j c(¥Thrn. 1.3 Charl¢•bl• Fund• Lfv881rk1 I1$ are avalable for at lh8 dIs¢rlon of lh> Dkg¢¢or8 In fwtlratTh ol Ihek crItatIe objoctlvfri. Reslricled fuThJ8 gre 88¢1 Io cor111 ty dcmrs 48 lo ltty may used. T ppOSe8 Bnd u$98 or th0 r08trlcted ar• Jet txrt fyJl•8 10 acoy8. 1.4 Fund aecountlng FuTh19 held by the Clwrlly w• wYosirkt•d or r881rkl¢d kn pwpom. lh•$Ir• luTrJ• are IwtrJ8 wNch can b• used kn accordorco wllh Iho thoriiabk? Otiocl8 al dIscf•1 of Dk8clor8. Reslrlcled fL¥K16 #r8 fiThJ8 IhBI C8D orly be wed lor parlkulw ro8lrktgd pwpoaes wlllkn Its s)trc18 01 thrlly. R¢strlclbJM arlio whan srAIled by IhB donor or wln lurd$ Af• ral$ed lor partdai r811ted pwpoJ88. ?,5 In¢om• r•cognltlon Income is reeogrl8011 tho charfly ID KonK•. orry perf¢)rmalo condllbThB ollactsd lo lh• Ilemlsl ol Irrr h8v6 bogn mvl, 11 l# piobabl& t11 I WMI be reCeId 8ry1 IhB amwrt con b& 1.• Expondltur• Exp8Tr1lturo 18 f8wrd8ed 88 •8 19 a Wl or ety41rll%V eommblllffj Ilw thrKy lo Ih•t xpendSlWV. * 15 wobabb ltsl elllem•t wll bo reqi•J ard t anKrtJn4 01 cun be me•our•d r•labty. JI $xp8rfLrg b accoMl8d lor on 8n acL¥uab bas1$ arn1 lrtlJJ•$ 8ty VAT wllth be locovered. 1.7 T•nglbl• Ilx•d ••••t• llAd d•PrtIoN lid a$8•ls are sl#ied at co¥1 ow de8 w$1 185s accurrMtsl8d depre¢tIon Ind Inwthonl. lTrJl¥Ju rix8d 8s8el$ cL)sllrvJ C5 cf are COIed. Whore the thrly rec&$ a Iterial don8l•d aaB81, donated i¥JM-of.w 88891 Art$ from t ocC816)n ol laNI or jj$ lor minB1 corthderatk)n, Iho •ssel 19 recogned 8t ralr ol oCor1 berfil recewd 81 dalg of I gifi or arrawgThni. DD1•([ rwJhl-ol.we a88els relaliry lo Ixlr¥s a 8mortrsed on a 8tra¥3M.Ir basls oNTr p¢rl%)d Df tl arrarYrt. A l¥J08pryJ Is rWId •# deferred aTrJ reloa¥ed to Incurts on sam& baJl$. Deprec48tH)n 15 Proved on a l>askn to wril? off Ihe L¥ th•m•d ol eath as¥el over I(B Wgcted el lrfe as fdbJw8'. Ten8rt'$ ImprOnI8 Pl8rd arnl m8¢ tkn8ied a98et- Frf8 18086 01 Crw P*k 10% 25% 4% 15
FRIENDS OF CRAIGTOUN (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Aceountlng pol¢S contlDu l.e Impttlrment ol flJÉed assets 11 Ihe recovefabla BrrKMJnt of ar•J is estThted to be I¥ than Carr 1. the carryiry ol ts a55et k re¢ lo Itg r6cowable annt. An Impalrmant loss is recogSed 1mrNdkg18 In IrKx)rTpl8xp8ndltwo for T. Lrl8s5 the rdevant asgel15 carded al a rwathd anunt. In whlch case I knpalrThrt k)ss 119818d AS a feblJalk¥n decf&a$8. 1.9 Stock Sl(M coYry)rlw ilé goods k1 for rosalo. 11 Is Stat 81 the bwer of c081 arKI rnt rea188bk8 vabje, after making due all)wa lor obsolele sky44 nw)thd11onB. 1.10 Cash and cash ¢qulv•lents Cash arml cash eq18$ Je caBh kn Thj, dewAls lkl at cam wjth barts, othor 3lkirl-lèrm with orbJirl mAILwlllÈs of thr•• morth& or1o8s. #rKI ba o¥erdraAs. Bara 0rdraft8 are swn wilh'n t¥)rrow#vJs in cwrert latslllies, 1.11 Flnkntlal In•trum•nt• The Clk8flly fjy IArKfjal 08$•13 xl lkn•r¢Lql labMll8 of 8 kSrn1 Ih8t qIllY 08 b8slc fIn8al lnstrwn18. Bask finala1 iTh81runeS arfj ir#lial rocogThsed at traaCtIOn valu8 aThJ subsequently Measur al Ih4r $&iibmort Val wlth lh& ex¢tptlon ol bor& whh are SLO$equeotty n&Sed at amorlFsed cost Ihe effecll% lrterest melhod. Tr Chartty had sh loans durkng Ihe perlcJ. 1.12 Empbye• bM•fft• cosl of any rM•Y enlttlamort IJ rwrlgod kn Ihs p•rbJ In wNch fjr• recolved. Ter{rOtn bernfll8 8fe lecogrtsy lrnmedkglety a8 gwerfje wn company IB den))n&lrabty conynltled lo10rn1kn81g onw0 ol on omkloyeo or lo provkle Iwmkn&th)n be11$, 1.13 L•41•4 Chorty 08808808 4ir8lYJa1rtS lh ol arwj fxw'kliDJs lo delelle wlplher tY eortAin i b088 under FRS 102. Wlre the ctharity oc¢xpM Ipnd or bLIldl8 lor nomlngl col1¢Yer01lo, I arr8ng¢m9nl 18 5$¥0 8$ not mg¥brwJ d•lilitn of a LTrJef FRS 102. In such ca8e8, Ihg ¢oTr)nc benelSl reced Is recog56 as a donated rW-ol-fr o99ol In gccoydonco wllh Ilw thgrlly'8 accwllThJ pollcy on do18{1 a6s&18. P8ymrts made LIr Iho88 èrrarYJ6men18 ar8 recogrtsed Js 08 Ilw or• Iwrod. 1.14 Capltl grnnt• Grarts rgc•lved lor tho pwctha88 C of flyod sB6et8 are d8ferred on rac8lpt and releesod lo Ir06 uselul1118 ol the rebled asaeL Th reslrklon w th• grart18 ¢ontsklar¢d $all6fl8d wln lh8 C8rA¢818¥p8TrJlla 15 lTrxred', tho reIed Ihed a¥8elB 888odeiod doferrfjd IrKom8 aro classw as uN88trlcl8d. 1.15 R•¥•nu• gr•ni• Gr8nl8 are recogrised when CrItY has erti1S8nnl lo Iha lur¥J6 os incom& In proporllon lo th dèliveiy of ttr ac1y, PWOWKle¢J thal any clf0[e cmYll1w attache(I lo Ihv grants have been met. Ary elemenl of the giant rdatry lo ILIe pamds k deferred 4rn1 wcogthy•d Ss 8 tIlty at thè repctlrYd dblè. Dolerr8d MnU¢ grart8 whh POrf[rKe are dassffied 85 restricted. 1.18 P•n¥lon Th& chartty operates a d61kn8d cordTbJtk)n siem8 for brtt of ts èmploy899. C(Mrtrtbullon6 8rg eharg6d to wofil •AI loss I1 ¢1 tlw we payabl•. 1.17 Support £tI Swwrl costs ar• thos8 111 8$#ist work of ¢lflly txrt do mt dk8dty ortak• c1mtab aCtlwls. Given ntegrated nalwe of th8 Charity's opèratlom 8rxJ thè abs8e ol 8 relatrde, objective, b8sIg for allrH)ty these cosls lo lrnfj1dll a¢tfvi*8. 8W)port costs are rKJt apportKjd. Irslead, they ere tharged to the Wffeslthle(f fuxl disdosed sep2r81ety In the rhites lo ts t0$. 16
FRIENDS OF CRAIGTOUN (Lim5ted by Guarantee} NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Accountlng pollcl•s contlnu•d 2 JwJg•m?ntB kn applylng acGountlng polklos •ftd kty 8ourco8 of ••tlm•tlon In the Applkatk)n ol ihe Charity's acccthMYJ pol¢$. tl Dlreclors we requked to make lthloerrtent$, esllm8les aTrl 8SSirytIorK8 ¢arryff¥ anK)Urt ol assets IlabMItK88 that are rol rèadily avaHable from olh8r 8wc8s. TI 881NnJlas 8TrJ assoc4aled A$gUnkrtior 8re based on historkal 8xp8rl8nca 8rn1 olh8r laclors that ar8 fdavart. Actual ros1$ may ¢Jlffer from th&88 ostkn8t•s. In proporlrva Ih88e finar& sal8m¥nls lh8 txreclors h8¥e e81knaled Ihe of tts Fwe CO11 lease by taklro lh8 CoutKA's &sllm8tg 01 a ¢ornmeftal r8rt th8 P8PP8fcom r8rrt P8yabl8 by Cherlly, hllalthy quIrW81IY In accordanc8 wilh the lease tem8. and d18coad at al lerm 911 rate In F8bruary 2026 wh&n SORP 202fj wo$ a¢Jopled by the CrIly. 3 Control Control ol Clwily lies In tIK8 h8rK18 01 tl m8mbers who •18cl throctws. 4 Tax4tlon Th8 Chartty 1$ exenwl from lax on kncorn8 lo oA1onl tt the86 Are ap5&d lo 119 ¢table abl18. S R•stat•m•nt ol Op•nlng B•lJnc•• FoHowlng Eaity rflop¢lon ol Ch•rlll•• SORP 2026 Tho Chgrily ha$ early.adopted Charillgs SORP IFRS 10212026. As a resuh, th• accounting tièalmonl lor donated a8SOt8 @nd lof capllal Olr artS has been I6Sed to r8fi¢ct Il Lwlaled SORP requkemerrts. Thesè Ch8•8 have been apph'ed relrospectlvety 8r%l ¢ompafalive figwes have been reslal8d. Th& ImpHei ol th8 restalem•nl Is sn in Th)te 7.4. 5.1 Donatod rlght-of.u•• as••t- Fl1• CounGlI t•••• Ih1er SORP 2026, lh8 pèppgr¢orn lease granted by Flle ca11 lor • porlxl of 26 ygar8 Irom JY 2022 h8B b8èn rècognhed a8 8 donated TIgN.of.è 8889101 rt3 98lnaled pre88rt vahJ8 al IAptn kn Ihe year ended 28 FebrrY 2023. Tts aB801 w88 recognbed Bl £476.586 w41h accumulalgd 8mufll881ion of £50.042 at 181 March 2025, giwrvJ carryiro 8n¥Jurt 01 £426.$44 al Ihg Slarl of year. A metchiro delerr8d donation liabk¥iy 01 £426.544 h88 b8en r8cogTysed. A8 ihe 88881 liabmy waro equal al iranBilknn date, there was rbj irnpacl on operwo rosemg. .2 D•l•rral ol grant• r•ed th y••r• •nd•d February 2024 and 2025 Capll81 gfarts prevk)u5ty rocognls8d as I1m0 boon ro818l•d In Ilno wtth SORP 2026, wl4ch r8qulr•$ swh grants to d•f8rrgd a1 relea88d lo Dr th8 8f(1 Ill• ol r•laled 888818. Th1& ctrkgr¥Jo pro08 rellable aTrJ revant Ir¢om)alFon by malthry IrKonw wllh p8ibds In whlch thg a6Boclalad a$s¥l$ arg ed. lIrObY gMr¥J a ckryaror vkryw of omJcArwJ p•rfomiarte resourc u151158tk)n.TNs res18d Sn a ieductlon Sn 01 £132,463. ropreserrtkng lh8 CumUtsl omount ol capital gran18 rnw d8l&rrèd el 8dopllon date. Grarts reC4d ASN programrne hve a150 been deferred a1 released in wlth coJl$ Ihe year to 28 February 2026 - Ilts reduced openlr¥J reserveg by £17,1rxJ arnl IreaSed IrKom lor ytrar eThl8d 28th Fébruary 2026 by t game afnount. &3 Summary ol knpa¢l on t)p•nk¥J r••orv•• Adlu8tmgnt Op8nlry re98r¥o8 88 pr80 reported at 1s1 March 2025 Deferral of recd%d kn y8ar8 gThJed Febnmry 2024 aTvJ 2025 479,139 1132,4631 Oelefral of r&v•N8 gr¥rrts rocgNeil kn year ended FebnrY 2025 Recogtllc of ¢Jongt•d188#e assol aThl Ik9blY openg reser¥85 as resated (17.1001 329,576 5A Iwct on current-year r•$utts Ltrthr SORP 2026 a(lopt. granis delerred kn 2026 Ic4iial *Yl rgww) r9duc8 )9[¢d ¢0m0 by £203.522 (£219,180 deforred. r6le&sèd th5 year £15,658), wtri15t anKJrtlsath)n of hLslorlc gr8nls deferred 8nd releg88d ths year Wrease8 profit by £42.0. a n81 r0dL)n of £f61.522. 17
FRIENDS OF CRAIGTOUN (Limlted by Guarant•o) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 As rèstatod 2025 fj Incom• Irom grant8 and don•tlon$ 2026 Unrestrlcted Funds Grarl8 and dalk)I and recdvail8 A¢Thwal release of deferrred th)n&lkJn r8 Fble CcuK41 Add i) respect of Capilal Gr8rt8 rea68 I2,• 19.063 31,394 21,847 19,063 14,154 56.064 R•$trldod Funds Granls anddon8llons rgGglved and recelvatsle.. NallL¥MI Lottery CortVnuY Fw¥J- ASN Crrmn Eslale C0081al FLTrJ Frfe Rwal 0gbwk)pmnt Fur Frfe ErMrorThrrt TruBt Robèrtson Trwl- ASN wnpbyabllly Sl Andrèws Hèrllago Tru$1 Volurtary ktion- ASN Klnburn ISI AThlr8w61 Charilabb Tr1 ' Sl Andf8W8 Lad108 P19 Cktl H61Y in Ik Park Nsw Polk £&tIOn Truot Walter Crdg Trust Sl ArNIre Lknlvor81ty Oth81 GaNxxhy Tru8t- ASN FL4AO Tru&l- Polllng ShB(I roof Flle CourKII SI A1rew9 ComlI1Y Tnt Woodon SkvJon- dlsablod R&4 GOK Club TolAI R•edpts L•88 Incom• d•l•rr•d In y••r Op8r8tional Income d8f•rr8d Cwal Grant FurKlSro deleired Ald op•raliono1 VAllt• r•l•oMd Curronl year In r8sp6cl ol Pr1 Year8 R&81rl¢led Fund8 incomg after del981 ond rg198s9 80.905 53,945 48,175 19,585 15,000 11,000 10,000 7,721 3,aoo 3,$41 3,000 1.500 I,JoD 840 29,938 3.200 31,328 15.000 5.000 2,400 4,0 15,( 14.750 10,C 14,22S 240,562 146.841 {8S,9651 1133,2261 117,1001 1104,3281 9,184 ,413 60,477 111,064 7 Incom• from ch•rlt•l)l• •¢U¥ltl•• 2026 2025 kg1¥. ert day¥ & ¥8 Calé 5ale8 Plthc l11¢r l*& swlry I0 289,743 2B7,807 345.094 310.339 15.251 670,W 593,407 8 knGomo from Investmontts 2028 2025 88rl( trrtoiest I,Ch16 1,105 8 Exp•ndlture on ra5slng futtd$ 2028 2025 Prof9S$bl fo98 3,998 6,100 6.100 18
FRIENDS OF CRAIGTOUN (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 As rè5tat•d 10 Exp•ndlture on eh•rltabl• 4¢thltle8 Unrgstrict8d Funds Stolf cos16 Slalf UThf¢yms Trairlrg CBIé purtha6e8 SIKJP purcha Event 8Npons&s Ronl ETllY & waler dcg•s InBUrCe Repaif8 and manlenar altrri819 ccrnrnab irn8 Fuel Cradil card charges and l•rniMI lir• Prlnllry, 8t8tlanery aThJ AdrtIs1rg Telepn& IT swort. pr4yr Cer08 oTrJ comkKrtw Trav•lling •xperne8 Leoal prol••$lMal 1•$8 Ai¥Jl f Subscfiptior Sundry oxpeM88 W8b811e upgrad Dapf8cl8ln 202 2025 382,510 1,812 807 114,347 15.685 7,573 350 4.275 11,58 22,326 3,122 3,127 e,¢30 ie76 3,fj00 7,879 2.548 0.3fj7 5,750 1.851 1,451 7,260 370.290 1,624 176 122,303 14,925 8,632 419 J,258 10,802 31,729 2.051 8,8 3,297 7,811 2.247 5,706 5,575 1.728 2.232 6,535 706 574 709 312 R•8lrf¢led Fund ReIrS And mairtemrxg Ilraln & gard•rl Ov8rllow CAr P8rk Poltir#J Shed chimY r¥mowl aTrJ rLM)f iepa Contritxlth to 0ch Vmlag• rs$l¢yath)n AddilM)nBI SLpp¢yI Neds Tr8iThTrJ Hslory in Il* Park Evert R8ifie prlzo 857 5.000 10,000 10.000 34.370 8.782 100 7.338 789,826 732 507 withln IC¥0gL 8r4e5 of thrIlab acliAle8 Dlr8dor¥ rg98rd salar8 ol key m8n8gew£nt porsonnel lTrJl• 12189 81PF#Jt ¢oJtB. wilh gipport eoois abo¥e sel In tabl8 bek 19
FRIENDS OF CRAIGTOUN (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 As rastat6d 2025 1Q1 support Cosls 2026 Legal & Professbl Fee8 l¥xknll¥J Fknman R85(yrn & Ir 5WOrt for oiiice 41316 1.775 7.250 5,700 4,806 1,667 6,535 5,575 1.978 20,561 lil fevs T81gplh)r a1 tffts8dbond e4)Bls for Olfk• 21.250 11 N•t mo¥n In lunds,. 2026 2025 Th• ngt Trb)v•Thnt In lurtds 18 •t•t•d aft•r charglngllcrodltlnol.. Fees payabb lor tK8 8udll 91 the lInar 81alenwrt8 knKrfUBglton ol donèled as8•1 $.750 19.063 71.000 5,575 19,IM3 72,620 00pre¢t7Th ol LAVId tsrvJlll• 12 Enwloy•• and K•y P•r•¢nn•l Cos1• 2026 2026 Woae8 arnl 8Jlg SjaI98rftY MBI8 Oth8r wrb)n ¢c•ls 382.20P 18,41• 201 352,378 8,750 365,995 Th810 cottli ASN Foiettt olw8cry •tall c46tJ m•t ty oxlgrrnl Th8 vl •twM•l w•• £60.000 Th• r•mun•r•th)n of k•y nwn•q•mont pwwin•l TMi M follow•'. 2028 2020 &44kY¢g•l¥ comp8rtallon 71,839 Tl kèy mfvng9wl pertorrnl Pk OIIIL Maw 13 Employ•• Tts awragg r¥j ol •rrWtyw¥ yew cffi a •j court 4rvJ h)Ln worked bash 2012025.211. TI 14 DlrocloY•- TruotO0 Th8 Directors ate Ihe ctsrty trns1 lor th P¢WFty28•# OF Ctt8rt110$ Tfusie¢ Imstnxnl {Scotlal Acl 20D5. ThB Dlreclors am 91 Ireely I[r lkne export18• WhAl WLY fcrfrn ol rorrwgralb)n ¢y 01 b8rw11t In caBh or In kknd. Tho wa of th8 WOFI don• by (lié¢trxs mt rth¢t in as be quarlrfbd. Reln#rnrtrls ol dwecl rArtltys for m<riats we¥e n4Je ro tknclor6 on producllon ol rg¢e)18 £890 12025- £421. 00TlI0r0 to Ih dwily thrkng the )TaT ffLTh Ceclort wero tS5012025- £nD. 1J Volunte•r• Vok4rto•r$ fre&y Ihek Ilme and 84)ertls8 Aty It¥m of refiwathJn. Th8 valug of wo¢k done by tnteer6 Is rnt refknted * the a¢c£JK8 48 W ewn)t be qlrtIf.
FRIENDS OF CRAIGTOUN (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 16 Tanglljle Ilx•d a$8èts 2026 Donated RSght of us• s8•t T•n•nt'• rov•m•nt• Plant and machlmry Total c1. As at 1 Mah 2025 Addltiong In at 28 F•bru•ry 2026 476,586 341.564 363.208 23.688 386,898 1,181.358 478,588 477 920 1341407 Depreclatlon.. As at 1 March 2025 Ch8fg8 in year Aq al 28 F•bru4ry 2Q20 N•t book VI01. •t 28 F•brury 20VJ 50,042 I9.3 69,fOS 102,023 33.551 1J5 574 285,238 37,449 437,303 90 063 S27 Jefj 342,351 04,209 2025 . A• f••t•t•d Don•ted Rlght ol a8••1 T•n•nt' ImprovèmÈnts Plant and m•¢hlnery Total Cost.. Ag at 1 Mor¢h 2024 Additions in par al 28 F•bruary 2025 476,586 261.211 292.617 1,030,414 150.944 1 161358 D•pr•cl&t14)n: A8 al 1 March 2024 Charge kn year A• at 28 F•bru•ry 2Q25 30,979 19,Cfj3 64,861 37.162 102 023 249,760 35,458 285 238 345,620 437 303 Nèt book Wa•*. x at 28 F4bru•ry 2025 426,544 744,055 A6 8t 29 Febwry 2024 445.608 42,837 684,795 21
FRIENDS OF CRAIGTOUN (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 17 Dèbtors Amounts falllng due wlthkn on• year: 2026 2025 Trad8 debtors Prepaymtrnts and accru8d 0 Ta¥allon a1 80clal secwlly 1,797 8B,471 461 80,802 110 513 92,893 18 Cr•dttors . amounts l•lllng wmhln on• yo•r 2028 202S Trado CTedllor8 8rrfJ Capltal Prcl Cosis Taxalion sockal S6CLYiIy 65,126 83,806 3,144 86,950 09,264 9,779 A¢crue18 19 Dèfèrn•d kncom• 2026 Openlng balAnc• at 1 It March 2025 Due wlthln year Du8 alter mre Ihan orwj y•#r Unr•#trlct•d R•8trlcl•d Tot•1 43.963 17,100 81,063 559.007 133,226 50,457 17,100 85.954 576,107 219.180 Grants d•f•rr•d R•le&u• ol want• and donatod ••••t Clo•lng b8l•n¢o Nt 28 Fobru•ry 2026 Du8 wllNn one year Du¢ after more Ilwn orn y68r 58,479 50.982 25,808 76,790 109.461 641,778 2025 Opertw bala at I sl March 2024 Due willyn one y88f Du8 after n%)re than om yéar Ltr881rfctéd Re81rlct8d Tot81 25,850 25,850 462,Q46 462 046 487,896 487,896 104,328 121,428 33.217 33,217 559,007 576,107 43,963 61,063 515.044 515,044 559.007 576,107 Deferred Income Tepresents granls aThJ dcmatth receiv8d in adwdrKe ol thg related eyndi1@ or Ter1#140n period. The feslrlded bar• C4Jrwse8 grart fthying receW for spe¢yfk projects, rolg89gd lo Irwme as t related eyr¥Jitwe is irrred. Unreslricted fdaltss lo tho delorral or tho Flfe Cournil peppercorn18ase VatkIn. arKI defwr8d c8pllal gr8rts whlch are reCOg$¢d over Ile of assets. Grants defoired Rea88 ol gran18 aThJ dorAled asset CkJ$iry bolorte al 28 February 2025 Du8 wrtlin ong y&ar Due aftor In cTh year 17,11X¢ 17,1 17.ICQ 20 R•tlremont b•Mfll ScM•s 2026 2025 Defined contribulim SrrS Crge lo profrt or loss in respecl of defined Ix)nlrlMArM $dw7)es S,201 5,522 The Charlly OFErales a delIrd cortrlbutton p8nslon sclmo for 811 qlfrj enpbyees. Tho assets of the schen are lld separaldy Irom UN)se of Ihe thrity in an iThJe11dentIY administered fur¥J.
FRIENDS OF CRAIGTOUN (Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 21 UnregtrlCt- DlOnated Fundo 2026 Fd dd•d Ro4llocqllon EXndIto At 1 March 2025 Al 28 F•bruary 2026 IAalnl8n0fi refvrbishTrwnt Ov8rnow car park Pglllng shgd re001 + 8dar yr¥•cl 2&26 Wlnl8r Malnlonwnc• CoftYNnlly Hub proi8cI- tslilllies f&h6lbl¥ty Workshop 8¢lar proioci- wdirinaries OnliTre shcp prqo¢1 Wag88 Icr ASN pr4ecl- nol rAjr4d by 8rnnt• Poliinu ahed rggenefalion Gaftl8nino 0p Falry Cdgn wdecl Supportero Prolecl Vojuntfjgr MBrk•llffj prolxt •b8lle up9rade vertislfKJ Ia01 23.C(#J 5.950 12.)0 7.981 113,0(Kll 10,000 2,421 3,5291 112,0001 112,5681 18021 14,5201 14.5WI 15.0091 13,41K)I 15981 17411 1921 11811 14,0001 412 152,3521 2.393 6,698 4,500 5.009 3.400 888 1,026 632 1.026 922 2.259 623 319 715 soo 4,0 56,784 24.397 27,829 17a627 ShDrt l•rm lIrdn9 of grnnl lund•J proh¢i8' 24397 Th8 Board h88 fr8labkW a Inber of destrAl•d f(nJ8 wftNn wroslrktod r888rves lo Prod clartly aTr control over Tnonle8 set 8sidg lor foreseeablo mairfonarre. shortlallx in operaliryJ I013 smallw.sco1ts prol•cts Ihal th• Charlly wishes lo progr•ss wilh)(rt wglllro lor exiernal granl cycl99. They acl a8 a workiTrJ ro3èrve lo cOr wlntor rLrrirvJ co818 and mairtgtKq¥K• wln Ir8iJirYd incom8 18 low, and tY alk)w I Board lo progre¥¥ lowgr.vakm or prar8¢Ory pr(ci¥- for ey6 wabslle upgrade8, lafgeled adverll8k a1 Prornolkyn, and Bnwlk8c8le slle lThprowmertg- wlh are eItr not 8tabl0 for captt81 grant applicat#) or ale al 8 8tag• Wre gr4rt applicatxts are Tr)t yo18pproprig1p. 'A¢ t yew eTrJ th8 Board t•mpor4dly dèpby•d parl d8$W•d r•s•m to fund caylal good8 alMd ol grant rec64)1g.' IN$ was a dellberale, oxc8plkJnal. SITI-l9rM uy8 of re88rv88 to rn1 IT8, cprnlillom 9j avold project deL8y. Al 09141¥ grqrt ha8 n)w bèan r•cglved and VAT recoverles processed, deswJn8lad b8lartes hm been repTr8 in I. Th'8 levrporary draWdn ha8 be8n ¢811¥d in
FRIENDS OF CRAIGTOUN (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 22 Restrlcled funds 2026 Incom• Asset Sl•temnl ExndItra At 28 Februwy In¢4m• Expondltur• -Tran5fars# 2026 At l M•r¢h ?025 HOrY kn tl Part Ev• Dut¢h Vllage Solor Pankgl Piolad - battory ASN vd(rt8erlffj & onyknyaLIty Sl Andrews Ladl88' PIlrO ath) Yaid Rool Prcl C8pit41 EqLIpftnt Fawy Glen Shettets Play Barn & solt pw rmal 9 le Park Gowf. R&A corl¥thrtknn Sl Afidraw's B8U- 2024 med Forces Voterars Cl LlnkA Gdl lotK8 for rahl• 8.782 11.0(X) 19.950 85.954 I8,7) {10,0) 7.1Tr) 8,1CQ {19,9501 25.442 134,3701 77,026 13,8001 {73.8621 127,8931 11,5001 12,4831 16C4)1 73.862 27.893 7.721 5.258 l.CQ3 2.000 loo 1.503 2,(X)O l(¥J 100 36.145 17,1LYJ 19.C40 100 163.2521 1129,9881 240,$62 93.487 Gr8nl$ O•f•rr•d bfv. & r•hgwJ 257,862 {53.2521 1129,9081 93,487 L811 Curr•nl Yo&r Ineom• D•f•fril Operalbnal Iorn0 d6f6rrod C8pllal Grart Furn4itvJ dolerr 176,790} 133226 178,7KII 19.045 PLTpoue ol each lurd IB as lolows'.- Hl•tory In th• Park Donallons recelved Irom Il Park Edalon TftAs1, t Waller Crahl Tnmt, arKI lQwdom HIThJ CommwSly lo ld anrAAg1 Fth81(xy Park 4Mr4 Dutch VIHw• DorK4llon$ lowwd$ lh• OLrtch VILqy r•8ltyalkn aThJ fLtwe w frcm St. Hir(tag• Tnrnl Solar Panlel Project Gront Irom I1 Crown E81at• FurKI for pwcI•8e ol a fjattgry lo lknk to P¢)tttry Shed 8dar pane ASN •mpltsythblllly Oon8Uons from Flfe Vduntary & th& Rob8fl$on Trusl ioword$ thg ASN Ir¥lnlv¥J prol$¢l, 4low wth Nation81 Lollery fthJirrfJ for 2 ye8f8- St Andr•w• Ldl•' Puttlng Cl t)ongtk)n Ihe pwchBge of Calé equlwm YArd Roof pro R•pLq¢ém&nl of wlbuthylngs Irarnes a$ rools with I1r¥j frcffj Crown Est81g. Frfo EnrCThnt Trust, & FS19 RWBI DèvelDpmènt FtJnd- Sl89è11 WMI bt th8 kn$1811atr of solJr Pa1$, whkh 8ut48d lo lundSr Capltal Equlpm•nt Air Sowce Ffflp marqw fioorry¥. romer thys and nwleriats for the workshJps- wllh from Flle Rural FuThl & Crown Est81• F41ry Glgn 8he#er8 Sl Andrèws UTh¥tr8lty furKllffJ lor w $tte N•w Play B¥rn & #oft pour renewal lanburn Tru8t I[lir¥) of 8 new pkny barn arnl sort for th area6 kn the Park 9 hole Park Gowf - R&A contrlbutk Money for Park G(hvf ckl)8lwuipm&r- wr¢lwed March 2026 st Andrevls Ball- mOrY rassed the Park Gcwf project d4)s - P4r¢k81 post MarGh 2026 Armgd Forc09 Vtsron$ donallon fly Brgakf8$1 Llnks Golf tour8- donabon fLY a ralp wize pudwsod for 2025 COtry F8yre 8FeputrttySOd c101*K)E8 a61et5 is Mpr•fv¢lth81 chaiitynowh)lJs
FRIENDS OF CRAIGTOUN (Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 23 R•strlet•d fund• 2025. a6 r•stat•d Ass•t Expendltur•. Al 26 F•bruwy Trth&f?r• 2025 Al l 2024 8tatement Exp•ndlluf• In¢om• EqpMert sdt8i40 lor dabled Slunage Park O¥erfbw carpark ConNnLriCAIB)r Tra Garde L)utch Village ASN & wiw8b.kly Elclrkn Buggy Wood ch'ppef. Commurily Fwd 9 Park Gowl- FI&A cortr11un Sol&r pats lof Potlhg sId New pedatj lor boallNJ Sl ArnJrew'8 B811- 2024 Llnks Goll low8 l¢Y rg111• 16.816 14,22S 131,0411 15,0001 Is.cth)I 1.715 275 275 11.7151 12821 15751 7.100 11,900} 117.371} 14,7501 14971 186,2681 5,Ocl 7,100 25,442 12.480 17.371 17,3381 4.7 110.C#JOI 100 36.145 {l7,1Cl 148.841 117, 1001 104 328 58932 25413 123,1951 1146.433 Op•ratloro1 Gront ASN d¢l•rial Capllal Gr•nt delorr 104 328 T1 pwp050 of •8ch lurKI 19 as folTh8:. Equlpm•nt •ultsbl• lor dlsaW•d Proj8cI to wovide eqLApnwnt orKS allraclk)rB ?aLl9 Icrf dinabknd p•r•wo- th'$atsd 8wlTrJ IrtaNed Idlcvwirg donYJlk)n frum Wooden Spcx)n Trust N•w Slgnag• •nd around P•rk Donalh)n Irom Klnburn Sl ATrew6 TN•l toward• 1ty49• In Ilw park, mon1 and knJl4led. Ov•rtlow e•rp4rk Don•lk)n Irrmn Klnburn Sl Arth•wi TrLt towardB th 0rt ¢¥ p8rk PfoIBd. work corthm on wgradlrg communIDn9 Rtsmahl•r of (lonalth liom St AtU1r Ladl#8 PLly Cjth to pwchu• w<r l•lk•i. Traln Donation towards thb Ira G•rdgn• Donatkm l¢)ward8 Il gardero kn th pfj Duteh VI14• Historic donalknng lowardl 8ry Dctt Vlago r•8tor8lh)n pr ASN voluntqerlng & gmployablllty D(Thlior¢ from Fllo Volunlèry ActioTh Frfe Rwal Ftyvj. Ihe R(eT180n ard Garrnthy Trusts 1¢)wafd8 the KMteerIryJ aTrJ employabilily proJect. Ehetrlc Bu99y Donation Irom F118 codI to PLY¢ha an •l#ctr W. IIIB was purchased earty In the flnand81 ygar. Wood Chlpper Fife Local ComTh#Jrdty Furnl pro%Athng morAe$ to pwthse a wood ¢trapr hoh Park Gowf. R&A contributlon Gazel)0 0thJ8d as starter Park Gf w¥J dth&l•(pIpffrt lo Solar Panels tor Pottlng Sh•d Major prolect tmdwr¥J re-foofwg tlore sdar parts irotlatM. with lu)JwwJ prowded Irorn St. Andr8W6 Cornffiwxly Trust, Ihe HAAO Tiltst. tlw Flfvj Erfvifomwrt Tr1. 8NJ Flfe Co¥1 Fwbl- Ihe project was 3lanlkg1ty corrY¢0 at year orKI P•dalo tor boatjng pond FurKIMyJ proed by the Sl. Arnlrews La(Hes PLrtIKy aLi) lor a bo8l rrtYctw3ed dur4TrJ IIE year st idr•W$ BM . r¥K)ry rsèd for Park to be ed on tr Park GL>wI woi8cI L5nks Golf tour•- lor a rdffla prize rArcFo8&J li March 2025 2025 Cwrtry F8yfe