Charfty rogl•tratlon numb•r SC046253 (Scotlandl Company règlitratlon numbol CS002242 ABERDEEN MOUNTAIN RESCUE TEAM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ABERDEEN MOUNTAIN RESCUE TEAM LEGAL AND ADMINISTRATIVE INFORMATION TNsto85 Secrètay Charfty n￿nber{sCO11and1 SC046253 Company numb•r CS(fJ2242 Prln¢lpal address alhath 4 Millgrove Road Stoneywood berdeen AB219HW Rè9lsl•réd offic alhath 4 Millgrove Rgad Sloneywood beideen AB21 9HW Independent •xamln•r Murray Taylor Audit Limited 1D Murray Lane Montrose Angus DD10 8LF Sollcltorn Raeburn Chrr&lie Clark & Wallace 12-16 Albyn Pla¢e Aberde8n Scolland AB10 1PS Investment advlsors Brewin Dolphin 23 Rubislaw Terrace Aberdeen AB10 1XE ABERDEEN MOUNTAIN RESCUE TEAM CONTENTS Pag• TTusle&s' roport Independent axaminerfs report Slalement of ￿nancIal activities Slalement of financial position Notes lo Ihg financlal stslemenls 6-14 ABERDEEN MOUNTAIN RESCUE TEAM TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Irusleès present Ihelr annual rèport and finanaal ststemenls for the yèar ended 31 December 2024. The financial slalemenls have be&n prepared in accordance with the accounting polia&s sel out in note 1 to the financial statements and compty with the charitls constitution, the Charities and Trustee Investment Iseotlandl Act 2005, th8 Charities Accounts IS¢ollandl R&gulalion$ 2008 las amendodl and "Ac¢ounllng and Rop(Jrting by Ch8rfties.' Stat&menl of R&¢ommended Pra¢li¢e 8ppli¢able lo charities preparing their accounts in ac¢ordance with the Flnancl81 Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021" {effeclive 1 January 2019). ObJo¢dvvJ and acllvltEo¥ Aberdeen Mountain Rescue Team was constituted as a Scottish Charitable In¢orpor818d Organisatk)n as al 12 January 2016. The SCIO took over all the assets ofAberdean & St John Mountain Rtss¢ue Association. The purpose of the team is the savlng of life by asslsllng the Police, emergency Bervices and other agencies in search and recuè ol missing per80n5 PTimarily, bul not exclusively, in the North East of Scolland, the Caimgorms and the h1118 of Deeslde and Donside. The trustees have paid due regard lo guKlance issued by the Charity Commlssion In dgdding what adivilles the charity should undertake. A¢hl¥v•m•nts and p•rforni•nc• Throughout 2024 Aberdeen Mountain Rescue Teams volunteers were on hand to respond at 8 moment's tholice lo a8S131 people in the outdoor5. The team attended 25 call outs often working alongside other Scottish Mountain Rescue Teams and Emergency Services. This equaled to 830 hours which was another busy year for our le4m volunl8ers. Flnanclal rèview The Stsltrmenl ol Fin8n¢ial Activities shows that Aberdeen Mountain Rg$cue Team has generated 8 pre-investmenl profil of £205,465 Compared lo £49.218 for last year from the ¢harily ¢arrying out ils operating activity. The gain on investments was £15,638 taking the totsl profil for the year lo £221.103. Al 31 December 2024, the levtsl of unrestricted reserves was £863,966 12023 - £642.8631. S99 page 5 of the accounts lo se& the split of the unrestricted reserves. Reserves policy It is the policy of the charity that investment reserves are bulll up from beque81slgrfts received ea¢h year. The charity retains these lo ensure funds are maximised wh&re possible and can be accessed for any larger purchases that the team may require to make to ensure the smooth running of the volunteer rescue service. The charity maintains a healthy cash balance for unforeseèn and day lo day ongoing expenditurfy. ABERDEEN MOUNTAIN RESCUE TEAM TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 Structure. gov•manc• and management The ¢hwity is a Scortish Charitable Incorporated Organisation and govemed by the ehsfitys ￿nstIt(rtI0n. The trustees, who are also the dIreCt￿S for the purpose of oompany law, and who served during the year and up lo thts dale of signature of the financia statements were.. RgGniilingllt and appoinlment oltrusl6es Appointment of trustees is govemed by th8 Chartty Constilulion. Thg board of trustees of Aberd8en Mountsln R@S￿e Team ar8 autl)orlsed io appolni new trustees io flll such vacancles arfslng through reslgnatlon Dr rte8lh of an existing trustee. The trustees, report was approved by the Board of Trustees. Date.. ABERDEEN MOUNTAIN RESCUE TEAM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ABERDEEN MOUNTAIN RESCUE TEAM I report on the financial statements of the charity for the year ￿ded 31 Deeembei 2024, which are sel out on pages 41014. Respectlve re$ponslbllltle8 of trust￿ and examlner The charity Iruslg9s (who are also the diredors ol Ab¢rdgfjn Mountairk Rescug Tgam for the purposes of company lawl are responsible for th9 prepafalitm of the fnancial statements in accordance with the terms of the Charities and Trustee Investment IScollantJ} Ad 2005 and Chanlies Accounts (Scollandl Regulation5 2006.The charity trustees con5idet that the audit requirgtll8nl of Fqegulation 1011}(al-Icl of Ihe Charilips Accojunls {Scottandl Regulations 2006 does not apply. It 18 my responsibility tc* examina Ihè finanaal Statements as raquiied under soction 4411}Icl of Ihe Charities and Trustéè Invastment IScotl8ndl Aet 2005 gnd to staté whethér particular mattets havè (￿Me to my altention. Ba818 of Indwnd•nt •xaminerf8 8tat•m•nt My examination Is carried out in ￿COrdancE with RegulalDn 11 of the Charities Accounts (Scolland) Regulations 2006. An examination inclurtgs a reiriew of th8 accounting rgcords kept by Ihg charity a comparison of the rinancial statements presented with those records.11 a150 includes consideralign rjf any unusual items or disclosur&s in financial stslemenls, and seeking explanations from the trustees concerning any such mallers. The procedures undertaken do not proviije all the eviijence that woulo be requwe¢ in an audit and consequenuy l (b not gxpress an audlt oplnlon on the vlew glven by the fln8nclal slalEments. Independent ?x4mlnerf¥ Jtatemerrt In Ihg Gourse of rny ex8fflinalion. no maller ha8 cotne lo my atlenlion 1. which givgs m• rgasonable causg to bgliovo that in any matgrial rospgct thè requir8monts.' lo keep acco￿lIng rècnrds in accordance with Sèction 4411)lal of the Ch8tttiÈs and Trustee In￿str￿ent IScoll8ndl Act 2005 and Regulation 4 of the CharitEs Accounts Iscouandl Regulalirms 2006, and to prepare financial slalemen15 which accord with the accounting records anl comply with Regulation 8 of thè Charities Accounts (S￿tland} Regulatio[￿ 2006 have nL* been met. or 2. to which, In my opinion, att¢nlion Bhould bg ¢*awn in ord?r lo en£ble a proper under81anding of the financial 10 Miirr2y l An Mtsntrosé Angus DD10 8LF ABERDEEN MOUNTAIN RESCUE TEAM STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unre$lrlcl•d unr￿￿￿etsd funds lunds 2024 2023 Not•• Incom• from.. Donations and legaclès Charitable 8cliwlies Investments 228,752 20,832 11,309 88,667 12,762 13,441 Total Incomo 260,893 114,870 Expondlturg on: Raising funds Charitable activities 6,558 48,870 6,659 58,993 Totsl ex￿ndIt￿l? 55,428 65,852 Nel galnslllossesl on Investmen18 15,638 18.015 Net Income and mov•m•nt In funds 221,103 67,233 Ro¢on¢lllallon of fund¥: Fund balanC￿S al 1 January 2024 642,863 575,630 Fund balance• at 31 ￿¢0mber 2024 863,966 642,863 The statement of financial activities indud8s all gains atid10ssgs re¢ognis8d in the year. All income and expenditure derive from continuing actiwties. ABERDEEN MOUNTAIN RESCUE TEAM STATEMENT OF FINANCIAL POSITION AS AT31 DECEMBER 2024 2024 2023 Note# Flxed as¥ets Property, plant and equpmenl Invesiments 13 14 62,274 428,314 64,411 421,963 490,588 486.374 Current assets Trade and other receivables Cash al bank and in hand 15 13,361 360,664 34,519 124,038 374.025 16471 158,557 12,068) Curront IlabllStle• 16 N•t ￿lIent •¥$gts 373,378 15e,489 Total a$￿ts le•• current Ilablllilos 883.986 642.8e3 The fund8 of the charfty Unre8lri¢ted fund8 17 883.966 642.863 863,966 642.8e3 The company is enlilled lo the exemption from the audll requiremènt containéd in section 477 01 Ihg Cornpanios A 20￿, for the ygar ended 31 De￿mber 2024. The d$￿torS aCkn￿NIel1ge thgir responsibilitie5 lor complying with the requirements of the Gompanles Act 2006 with rEspect lo atzounting and Ihe piep8ration ol flnancial statements, Tre rnembe¥s have not iequlred the company to oblaln an audft ol Ils flnan¢lal statgmgnls for the y¥ar In quesllon In a￿OrdanCe with 8ecaion 476. The$t flnandal statements have been prepared in accordar*ce wrth tha provi8ion8 applicable to componies 8ublect lo the small companws regimo. Tho financigl statom$nts waro 8pprov*d by tho tru$lg9S Qrt .... .. Compary rogi5tration number CS002242 (Scollandl ABERDEEN MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng pollcl•8 Charity infommtlon Aberdeen Mountain Rescue Team is a S¢ottish Charitable Incorporated Organisatlon. The prinrypal addre8S Is Lialhach. 4 Millgrove Road, Sloneywood, Aberdeen. AB219HW. 1.1 Accountlng conventlon The financial slalernenls have been prepared in accordance with the charity's goveming document, the Companies Act 2006 the Charities and Trustee Investment {Scotlandl Act 2005, the Charities Accounts (Scotland) Regulation$ 2006. FRS 102 The Financial Reporting Stsndard appli¢8ble in the UK and Rèpublic of Ireland" and the Chaiilies SORP "Accounting and Reporting by Charities.. St8tern&nl Of Re¢ommended Practice appllcable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" The charity is a Public Benefit Enlily as defined by FRS 102. The charily has taken advantage of the provisions in the SORP for charities not lo prgparg a slalamgnt of cash llows. The finan￿31 Statements are prepared in sterling, which is the fun¢tlonal currency of th& ¢h8rtty. Monetary amounts in these financial statements are rout)ded to the nearest £. The finandal $18lemenls have been prèpared under the historical cost convention. modified to indude Ihe revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal attountin9 policies adopted are sel out below. 1.2 Going ¢on¢•m Al the lime of approving the financial slatemenls. thè trustees have a reasonable expectation that the charlty has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concem basis of accounting in p¥eparing th& financial stalemenls. 1.3 Charltable funds Unre$lii¢ted funds are available for use al the discretion of the Iwslees in furtherance of their charitable objectives. IA In¢omo Income is recognised when the charity 15 legally enlilled to il after any performance conditions have boon mgt. the amounts can be measured reliably, and il 18 probable that income will be recgived. Cash donations are recognised on receipt. Other donations are recognis9d oncg the charity has begn notified of the donation, unless performance conditions Tequire doferral of the amount. Income 18K recoverable in relation to donations received under Gift Aid or d¢eds of ¢ov8nanl18 recognbsed al the lime of the donat￿n. Legacies are recognised on receipt or otherwis8 rf the Chadty ha8 been notified of an impending dislribulion, the amount Is known, and receipt is expected. If the amount 18 not known. the legacy is treated as a conlingenl a58el. ABERDEEN MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢¢untlng pollcl88 Icontlnuedl 1.$ Expendlturo Expenditure is recognised once there is a legal or constructive obligation to transfer econornic benefit lo a Ihlrd party. il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation Can be measured reliably. Expendrture is classffied by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs atribulable lo 8 Single actiwly arg allocated dirèctly to that activity. Shared costs which contribute to more than one activity and support costs whieh a￿ not attribulablg to a singl& actimty are apportioned belweèn those activities on a basis consi51enl with the use of resourees. Central staff costs are alloc8l¢d on the basis of time spent, and depreciation charges afe allocated on the portion of the 8sset'S Use. 1.6 Propertyb plant and equlpmènt Propety. pl8nl and equipment arg initially measured al ujst and $ubsequ&nlly measurèd * cost or valuation. net of depreaallon and any impabrmtrnl losses. DeP￿claI10n is re¢ognised so as lo write off the cost or valu81ion of assets le$8 their residu81 valuès over their Useful lives on the following bases.. Plant and equipment Motor vehicles 10•A and 20% ￿ducIng b81anc8 20% redueing balance The gain or loss arising on the disposal of an asset is delermined as the drfrerence befvleen the sale proceeds anil the carrying value of the asset, and is recognised in the slalemenl of financial activities. t.7 Non4urrnnt Inv•stmènts Fixed asset investments are inlllally measured 8t transacllon price excludlng transaction ￿st$, and are substrquenlly me8sufed al fair value at each reporting dale. Changes in fair value are recognlsgd In net incomellexpendilurel for the year. Transaction costs are expensed as incurred. 1.8 Impalmi•nt of n¢n4urront as¥ets Al each repo￿n9 end dalts. the charlty revtews the carrylng amount8 of ils tangible as8ts18 lo determine whelhtsr there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impairrnenl loss lif any). 1.9 Ca•h and cash oqulvahnts Cash and cash equivalents include cash in hand. deposits held al call with banks, other short-temi liquid investrnents with original maturities of three months or less, and bank overdrafts. Bank overdrafts ar¢ shown within borrowings in cu¥rent liabilities. 1.10 Fln*ncl*l In8trnments The Charity ha8 elected to apply thè provisions of Section 11 '8asic Financial Instruments. and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of 115 financ¢al inslrumenls. Financial instrumgnts afg rgcognis&d in the charfly's balancg sh99t when the chafty becomes party lo the contractual provisions of the inslrumenl. FlnancS8l assets and liabilities are offset, with thè nel amounts Presented in the finanaal 8tstemenl8, when the￿ 18 a legalty enforceable right lo sel off the recognised amounts and IheTe is an intention lo settle on a nel basls or lo realise the asset and settle th8 liability simultaneously. ABERDEEN MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poll¢l IContlnued} Bask Ilnanclalassets Basic linancAal assets, which include trade and other receivables and cash and bank balances, arB initially measurod al transaction price Sn¢luding transaction costs and are subsequently carried al amortised cost Using Ihg effective interest method unless the arrangement Conslllutes a financing transaction, where the transaction Is measured al the present value of the lulure re￿iptS di5¢011nt8d at a market rate of interest. Financial assets Classified as receivable within onè year are not amort15ed. 8&￿e flftanclalllabllltles Basic financial liabllilie$, in¢luding tfade and other payablgs and bank loans are Inillally Igcognised al transaction price unless the arrangement conslilules a finan¢ing trdnsactton, where the debt instrument is measured at the present value of the future payments discounted at a market rale of interest. Financial Ilabllllles dassified as payable within one year are not amortised. Debt instruments are $ubsequenlly carrie