The Scot II Society ae PA Et NS
Scottish Charity No - SC045270 7 FEL k rors" 7 va Leet ve hs 2
7 7 oo ae is ar ra Annual Report and Financial Statements For the year ended 31 March 2025 1i i 5x ete teat So Re= | 7 7
The Scot Il Society Trustees, Annual Report For the year ended 31 March 2025 The trustees have pleasure in presenting their report together with the financial statements for the year ended 31 March 2025. Reference and Administrative Infonnation Charity Name The Scot Il and Historic Vessels Restoration and Preservation Society crhe Scot Jl Society) Charity No. SC045270 Principal Address Current Trustees Chair Secretary, Treasurer Independent examiner Independent Examiner Ritsons Chartered accountants 36 Huntly Street Inverness IV3 SPR
The Scot II Society Trustees, Annual Report (continued) For the year ended 31 March 2025 an dma ement Constitution The Charity is a Scottish Charitsble Incorporated Organisation (a SCIO). It was registered in its current torm on 4 December 2014. It has a single tier structure and as such the trustees are the members of the charity. ectiv Activlti Charitable Purposes The charity was set up to restore and preserve an important historic vessel, The Scot Il and in doing so, promote the advancement of education and heritage. Activities The charity was initially registered in December 2014 to help enable the restoration of the Scot Il. Having acquired legal ownership of the vessel and its ancillary equipment, efforts are currently being made to establish a suitable site to carry out the extensive restoration works over forthcoming years. chi vement d Perf The conservation of the Scot Il in its current state is our main objective until a suitable restoration site can be secured. Fina ial Review Our only funding to date has been the donation from the onginal group who instigated this project to save the Scot 11. The charity made a deficit for the year of £565 (2024 - £519) and the unrestrirted reserves at 31 March 2025 amounted to £5,120 (2024- £5,685). an We are hoping to find a suitable location to remove the Scot 11 from the water where restoration works can then commence. Applications for grants to finance this will then be made. Ap roved b the trustees and signed on their behalf by: Date:...... !.fl.... 202¥
The Scot11 Society Independent examiner's report on the accounts For the year ended 31 March 2025 I report on the accounts for the year ended 31 March 2025 included on pages 4 to 6. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity, its members as a body and its trustees, for my independent examination work, for this report. or for tlie opinions I liave lurrned. Respective responsibilities of trustees and examiner The trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Art 2005 (the 2005 Act) and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the 2005 Act and to State whether particular matters have come to my attention. Basis of independent examlner's report My examinatlon is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination, no matter has come to my attention: (l) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accountiThg records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or (2) to which, in my opinion, attention should be drawn in order to enable a proper reached. Independent Examiner Ritsons Chartered accountants 36 Huntly Street Inverness IV3 SPR /4 Zo25
The Scot II Society Statement of Receipts and Payments Year ended 31 March 2025 2025 Unrestricted Restricted funds funds 2024 Total funds Total funds Note Receipts Donations Total receipts Payments Cost on charitable activities Purchase of equipment Total payments 565 519 519 565 519 519 Surplus / (Deficit) in year (565) (519) (519)
The Scot II Society Statement of Balances As at 31 March 2025 2025 2024 Unrestricted Rcstrictcd funds funds Total funds Total funds Opening cash at bank and in hand Surylus / (Deficitj in year Closing cash at bank and in hand 5,685 (565) 5,120 5,685 (565) 5,120 6,204 [519) 5,685 Bank and cash balances Bank business account 5.120 5,120 5,685 5,120 5.120 5,685 Other assets Boat- Scot II 10,000 10,000 10,000 Approved by the trustees and signed on their behalf by: Trustee
The Scot II Society Notes to the accounts Year ended 31 March 2025 l Basis of accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) 2 Nature and purpose of funds Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objerts of the charity. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. 3 Donations Unrestricted Restricted 2024 Total 2023 Total funds funds funds funds Save the Scot11 4 Cost of charitable activities Unrestricted Restricted 2024 Total 2023 Totsl funds funds funds funds Insurance Accountancy fees Bank charges 166 453 (54) 565 166 453 (54) 565 433 86 519