## **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