The Scottish Historical Review Trust
Report and Unaudited Financial Statements For the year ended 31 December 2024
Scottish Charity No – SC045296
Companies House No - CS001668
Henderson Black & Co
CHARTERED ACCOUNTANTS, ST ANDREWS
The Scottish Historical Review Trust
Contents of the Report and Unaudited Financial Statements For the year ended 31 December 2024
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Pages
Trustees’ Report 1 – 3
Independent Examiner’s Report to the Trustees 4
Statement of Receipts and Payments 5
Statement of Balances 6
Notes to the Accounts 7
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The Scottish Historical Review Trust
Trustees’ Annual Report
For the year ended 31 December 2024
The trustees have pleasure in presenting their report together with the financial statements for the year ended 31 December 2024.
Reference and Administrative Information
Charity name The Scottish Historical Review Trust Charity number SC045296 Companies House number CS001668
Contact Address
Flat 19, 1 Spring Gardens, Edinburgh, EH8 8HU
Current Trustees
The trustees serving throughout the year and to the date of this report were as follows:
Independent Examiner
Bankers
Virgin Money
Structure, Governance and Management
Constitution
The charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered on 18 December 2014. The structure of the charity consists of the charity trustees who are also the charity’s only members and comprise the charity’s Board. The maximum number of charity trustees is twelve and the minimum number is eight.
Appointment of trustees
The Board are the charity’s trustees and they meet as required. Charity trusteeship is open to any person aged sixteen or over who is nominated by an unincorporated organisation or corporate body and who subscribes to the purposes of the charity and wishes to see them fulfilled.
Management
The trustees perform the day to day operation of the charity.
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The Scottish Historical Review Trust Trust88s' Annual Report For th8 year ended 31 December 2024 Objectlves and Actlvltles Charltable purposes The chty,$ purposes are: The advancement of education. heritage and cullure. particularty the general advancement of tho knowl8dg& and stuoy of Scottish histLYy in all its branches. in parb"cular through tha publlcatlon of "T Scottlsh HIstal Rèv1• and tho Undartan9 of all actlvttlas conduclvo thèr•to, bLrt wlthout prèludlcè of thè 9&ralIty ol thè f¢xègolng:. 1. To undertako the preparnlion. and publlcaWon cl bc¢)ks. perlodlcals. pamphlets and other publicatic8 and of films. including without prejudice to the said alty, tm Pr•paratn and publicab.on of"TM scotb.stt HistorKal R•viW. To provld• for th• ddlv•ry of IKlwos. m•elngs, lOrer•s. stLtray Ixllrtles and 51mllar actlvllth. The aroa of neffit shall b& the UK arKI overseas arKI the charfty shall promote Its actlvltles to P80pI thln Its aru of ténèflt wtto ara thè ynwal pue. Th•se p•W• vhll bo t chanty's bon8flciarlés. Achl•v•m•nts, Monltorlng P•rforni•nc• and FUr• Plw ' toWn conSnts and an ovw-¢C4nmltt•d convwK¢, thls ron•wal romalned pausod. Jènn Wormald Lodure." Th• 2024 J•nny Wormald L•ctur• was ddlwad by in Stlrflng. It was well-ieeèivèd b an In-pèrson and onllno aud6èn¢¢. The 2025 lecture iki ellvèrèd by . tt tInUeS lo alolnt ond&•vwr oltr Scottl8h 0¥418, th• Scottl$h cottlsh Catl)ollc Hl$lorlul So¢l•ty. IstQry aoaety and the rrustees and Edltors.. Two trustees demnted.. treasurer. in Jul 2025. Threè new trus èes joine TK¥o trusteès ale èmi trustee. Upcoming vacancies will be filled a$ secretary, In Oct ?044 and convenor. and Ilcrs r•maln In place an ere were no c ' Thr80 Issu8S Pgr ortive Trust The edttors are stiii McthmlLatè reviews editor. oar Is workin wdl thanks to sènior editor our excollent odltodal toam and su & MÈdlÈvalEtthy Modem èditor. Sp¢ual Issuè$ editor. and ein or cont1rrfS to ovorsoe thls s8rles and Is connU•S to bo sta• and tscklng has soen through to com akjng th lfttle change ftom ar to yoar. CVen0151 . rin$ in F¢*tiryi the eonvw of the SHRT. Shè is scheduled to slan ooJn on er 25. She will have been the loTrJest-5erving twslee has agreed to be the At convonor. She is a profess at York. Secreta Treasurer" the treasurer fty 2024 but stotrj d¢Nn in Juty 2025 after whith over.
The Scottish Historical Review Trust Trust88s' Annual Report For th8 year ended 31 December 2024 Bursarles.. Wè conunue to award bursades arml In 2024, awardgd ts¥o conferanca awards ItlIng £1,2651 and flvè PG11ndartdnt Bursary Awards Itc11 £5,1971. Ourtotal dlsbursènnt was sèvan 4wards amountirvJ to £6.462. Building upon this. and to support Worr research8rs and other schdars from marginalised groups to submit to SHR. launched a r)•w award for earty c4re8r researchers in ttt& autumn of 2024. Th8 award was madè In tho of 2025. and wè I1gaI advlce Ic0sng £2.500+VATI to onsuro that we wore a¢tlThJ In a¢danc0 wth th¢ ur•Yod l¢¥slatkn. Social Media Officer.. our social media in JanLW 20 our activ.. Pho stlent at Trinty Cdlege Du1n. assumed responsibility for 4 and continues in tlus role. She has been doing a great job publiasing Th• truste monltr f¢edba¢k ard th• rospor60s to all of tho xYvlVos •nd •bovo. Wg conllnue to hd thr•• m••tlngs p•r yw to •nsur• that w• can m90 all of adlvltlo$ and regpons1bi18s. Flnanelal r•vl•w Thè principal sour¢• of IrKom• to th• ¢hwty Is frem tts Sh of thè Incom• from publlc•tion of"Th• Scottl$h Hlstcrtal Rovlw. In th• yw to 31 Dtt•mb•r 2024 th1$ 1m• £21.605 {2023 - £16.9221. The trustoos alm to u1199 the annual Incm fnxn thg loumal Ilwh advltlos doscrlbod abovo and ar• Wead to r•port that £24,001 12023 - £17.$841 was •xyn¢J8d on charRabl• actlvRl8s In t Yr. ROS•TVO5 poIIcy The trustees. 1$ to hd rOrY•S to m••t n¢Jrmol runnlrwJ costs and known Com11m•n for thr•• to slx monlhs and also a balance for any major projects whlch may a88. At the yèar end cash r8serv8s amountad to £1S3.71712023- £154.5241. Cash of £85.000 was plac•d In an Int•r8st payln9 d8Wt In January 2023 wtth th& Inl¢rest rKeivod •nnu•lty. Al tre ynr¢slrf¢t¥d. statement OlTruSt' Responslbllltl•# The trust8es aro responslble for keopln9 wopw accountlng records dlsdos8. th roasonable accuracy at any tlmo. the flnanclal posltlon of the charty arKI enable Ihem to onsuro that tho flnanclal statèments. which they are responsitAè for prèparlng. comply wth thè Chartiles Accounts Iseotlandl Regulations 2006 las amÈndèdl and tènns of thè tharity's Constiiution. Thè aPlea• law also sets out the responsibilrties ol the trustees fcf the WeParati •TrJ content of th? Annual Repryt. Approved by the trustees on 18 Sept&mb8f 2025 and slgnod on thglr behaw by..
The Scottish Historical Review Trust Independent Examiner's Report to the Trustees of The Scottish Historical Review Trust I rowt on tho acCTrts of charfjty for the yaar endod 31 D8tsmbw 2024 %th6ch ara sèt out on pagos 5 to7. Respective Responsibilities of the Trustees and Exwniner The charity's trustees are responsible for the preparation of the accounts in aCCordce with the terms of Charrtiès and Trustee Invostmènt {Scoal Act 200S llhe 2005 Acri and tho Charrti•s Accounts Iscotlandl R8gulatlons 2006 las amendadl lllhe 2OJ6 Regulatlons-l. Tha charty's trust$ consldor that è audlt mqulrèmènt ol Regula0Th 10111 Idl of thè 2006 Rwlauons doos not apply. It Is my responslblllty to èxaminè and rèw1 on thè accounts under so¢llon 44111 1¢) of tho 2005 A¢1 aThJ to $tsl¢ whether partlcular matter5 have come lo my attention. Thls report Is made to tho trust805. as a booy. in accordance the tornis of my engagement. W wo h•s b88n und8rt&kèn so that I mlght statè to tho trusta&s t18 matt8ts l am requlrèd to stat8 to tM In an Ind•pdènt èxam1ffs and for no othw w1$¢. To tha lullast èxtènt Fémlttod by law, I do not accept cf assume r95ponslblllty lo Yone other than tho tharfty and thg trustees for my work or for thls Basls ol Independent Examln•r's Stst•m•nt èxamlnation is carried OLrt in accordanc• R•gulatleft 11 of th• 2006 Ragula£. Art •xamlnatOon n¢lud¢$ • revlew of th• a¢¢ountlng r¢¢ords kept by the ¢hartty and a ¢ompasn of lh* •¢¢ounts o$¢nlod wtth r¢ctyds. It algo IndLKlos con$ld¢raUM of •ny unusual Itoms or dls¢losuro$ In th• coun15. tnd seoks eXanatn5 ffcffl the tru5teos concornlng any such mattgTS. Th• procodur•s undertaken do not provldo all th8 evldonce that would bo roqulrod In rAMIrt. and consoquenuy I do not •xpr8ss an audlt oplnlon on thè vl•w glvgn by th• axoLmts. Indoynd•nt Examln•r'$ St•t•mont In th• ¢ours• of my examIn40ft no matt•r ha$ com to my attw)Ilon:. whlch glves Th reagonablo causeto b¥0 that In any matwlal r05POCt tho reqrem9nts:. to koop accountlng rocords In acc(xdanco wlth Soctlon 44 11 Kal of the 2005 Act and RegulaOn 4 of th• 2C#)6 Regulatlons. and to preparo accounts whlch accord wtth accoUnn9 records and comply w6th Rogulatlon 9 of th• 2006 R¢gulaWon$ have not been met. or 2. to whlth. In my OnIOn. att•Th¢)n SId trawn In ord•rto Ona# a undorstandlng ofth• accounts to b• r•ach•d. Chèstn•y Hous• 149 Markèt Street st Andrews Flfe. KY16 9PF en erson ac Chartered Accountants 19 S•pt•mb•r 2025
The Scottish Historical Review Trust
Statement of Receipts and Payments for the year ended 31 December 2024
| Notes Receipts from charitable activities: Share of income from publication of "The Scottish Historical Review" Investment income Total receipts Payments Cost of charitable activities: Charitable donations - Boydell & Brewer Durham University - contribution to 2024 conference Women's Letters workshop Saltire Society Bursaries Editorial fees and expenses Lecture expenses Expenses of travel and meetings Website costs Sundry expenses Governance costs: Legal fees Examination fee Total payments Deficit for the year |
Total funds 2024 £ 21,605 3,485 25,090 2,000 370 895 - |
Prior year Total funds 2023 £ 16,922 - 16,922 |
|
|---|---|---|---|
| - - - 4,000 |
|||
| 3,265 5,197 12,928 1,372 469 495 275 |
4,000 1,332 8,264 1,007 995 1,949 37 |
||
| 24,001 1,200 696 25,897 (807) |
17,584 - 696 |
||
| 18,280 | |||
| (1,358) |
The notes on page 7 form an integral part of these accounts.
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The Scottish Historical Review Trust
Statement of Balances as at 31 December 2024
| Notes Opening cash at bank and in hand Deficit for the year Closing cash at bank and in hand Bank and Cash Balances Virgin Bank current account Virgin Bank term deposit Liabilities Editorial fees Travel expenses Independent Examiner's fee |
Total funds 2024 £ 154,524 (807) 153,717 65,232 88,485 153,717 - - 756 |
Prior year Total funds 2023 £ 155,882 (1,358) 154,524 69,524 85,000 154,524 5,500 470 720 6,690 |
|
|---|---|---|---|
| 756 |
The notes on page 7 form an integral part of these accounts.
Approved by the trustees and authorised for issue on 18 September 2025.
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The Scottish Historical Review Trust
Notes to the Accounts
for the year ended 31 December 2024
1 Principal Accounting Policies
1.1 Basis of Accounting
These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
1.2 Nature and purpose of funds
All funds are unrestricted. Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a single unrestricted general fund for the day-to-day running of the charity.
2 Transactions with trustees
Travel expenses, incurred in attending meetings, and postage costs are re-imbursed to trustees on production of receipts. Expenses amounting to £809 were re-imbursed to 3 trustees (2023 - £325 to four trustees).
3 Control
Control of the charity lies in the hands of the trustees.
4 Liability of Charity Trustees
The charity trustees have no liability to pay any sums to meet the debts (or other liabilities) of the charity if it is wound up.
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