Theosophical Society in Scotland Charity Trustees, Report and Accounts for the year ended 28 February 2025 Charity No: SC047151
Theosophical Society in Scotland Charity Year ended 28 February 2025 Contents Page Trustees, Annual Report Reference and administrative information Trust¢es' responsibiliiies Independent Examiner's r¢port Stat¢tnent of Finan¢ial Activities Balance Sheet Notes and Accounting Policies
The050phical Society in Scotland Charity Trustees, Annual Report (cont.) Year ended 28 February 2025 Page l. Th¢ trusttts present their annual report and financial stat¢menls of the ¢harity for th¢ y¢ar end¢d 28 Febnjary 2025. Th¢ financial stakments have been prepared in accordan¢¢ with the a¢eounting poli¢i¢s s¢t out in thc noles to the aecounts and comply with the charity's constitution, th¢ Charities 4Jd Tn1¢¢ Investment (Scotland) Act 2005. the Charities Accounts Iscotlattdl Regulations 20Q6(as amendedl and Acctsunting and kcportlllg by Charitses.. 8taiement of Re¢ommendLxI Practice applicable to Charities preparing their accounts in ¥cord8nc¢with the Financial Reponing Standard applEcable in the UK and Republic of Ireland. Objectives and Activities The or8aThisation's purpos¢s ar¢, for the publi¢ b¢nefit'. To adyance educatiojj the f%elds of religion. 5Ctence and philos)phy, and the ¢omp&rJtiw¢ study thereof, through maÉnt&inin8 a library accessible to adeMi¢S and $tud¢nts w¢ll 8S the general public, and in such other ways as the charity tn]stees think fit; and thereby also lo promo1¢ moral and spiritu&l welfare. To promote religious anthor ri¢il hamony through promotion of understandin8 and frIIowship among people of ajl races. natioE]alities. philosophies and religions. Achievements and Performhnee Th¢ Library wa5 op¢n to the public on Thursdays between 10.30aEn to 6.45pm and the Librarian continued to ke¢p a note of vi$Èiors. We eoniinued to purchase new material in line '1th the 28reed bud8¢t. Communication with like-minded organisations continued attd during th¢ year, w¢ opened ihe library on occasion to toincide with other events happening in the building and particularly during th¢ Edinburgh Fringe wlx) m1e use of the building. the I 5th June 2024 we organised an eve*t for the International Prcsident ublic le¢tur< this event w&% well attended. We also hcld an event on the 28, to visit our Ltbrary and give a public talk. to visit OUT library and give a 25 for the European PsIdent arc During the year the Trustee8 continued to comtnunicate via 700m or ¢mail Ond all d¢cisions r¢gardÈng the fiThanc¢5 of the Charity" were alw2ys noted by all Trusl¢es. We held our AGM on the 25 February. However. soon after it came to the Trustees. notice thai our Landlord had intentions of raisin¥ our rent above the 5Q/o Fr annum preyiovsly paid and thai ihis could be an annual increase of 20Vo Wlth no long ttrm a8rcemeni in place going forword. Out present 5 year lease¢xpired onthe last day of Septcinber 2025. We have formally intimat¢d that w¢ will not b¢ seeking to r¢new & lease with our Landlord. We held an emergency meeting on I l May 2025 and the 1'ru5tees unanimously agreed to look for a new home for the Libtar). contents. W¢ all agr¢¢d tha¢ th¢ aspirdtions w¢ had shared in fomiing the Library had not been met and that we ne¢ded to find a libr with a twk rewrd whereby the tM)oks would be in safe hands going forwsrd. To this et]d we have been approa¢hing various library fa¢iliti¢s inthe UK artd abroad. Wt 50 engaged as01icitorto approach OSCR on 0r behalf order lo am¢nd our Chwity's ConstitiO. On the I" July 2025. OSCR let us know that the amettdment to our Constitution had been igreed wbeTeby our &im to rnaintain a librdry had been removed from our Charitsble Objects. We are in the procegs of adoplin8 this ehaftge. On the 6 July 2025 the Trustccs tleld a meeting via telrphonc communicalion and a8reed to donal¢ th¢ wnlenls of the libtw to th¢ National Th¢050phi¢al Library of Amsterdam. A mÈnule was taken of this me¢tit)g. t>uring lh¢ IA ¢¢k irt July the book5 were packed and prepared for shipping.
Theosophical Society in Scotland Charity Trustees, Annual Report (eont.) Year ended 28 February 2025 Page 2. Financial Review There was a net surplus in 2024-25 compgttd to a net deficit the previou5 financial year, mainly due to the Énterest on Investments Én the year. Altogethtr there was & Surplus for th¢ y¢ar of £39,200 {2024.' deficit of £91.2301. At the end tsf the financial ycar the fund balance was£l,798,581 (2024.. £1,759,38 11. All funds h¢ldar¢ unr¢str&¢ted in nature. Investment Policy & P¢rtsrnianr¢ There were 3 fixed rate Tre&sury Resetwe deposit a¢couni% held with the Treasury department of the Roy81 Bank of Scotland. These are intnded lo sup[rt the loThger-t¢rm aims of thc charity. Risk Management The Trustees have ass¢ss¢d th¢ tnajot risks to whi¢h the Charity is exposed, and believ¢ they have system5 in place to mitig8ie exposure to the major risks. Reserves Policy and Going Con¢er Rtserv¢s are held iEJ order to meet the 0rational costs of the ¢harity. N'¢t ¢urrent assets at the end of the period were £1,798.217 (2024-. £1,758,1511. SutTi¢ient fimds ar¢ availabl¢ to meet eXpeIltUre as it falls duc and thus the Trustees consider the charity to be 4 going co]ern. Plans for the future Going fonvard it will b¢ our aim support other Charilies afid lik¢ minded bodi¢s in ways that all with our Charilable Object.. io pn)mote religious and lor racial hartnorty through promotion of understandin8 and fellowship amt)ng people of all races, nationalities, phaiogophies and religions. Structure, Governance and Management Governlng Dotumtnt Th¢ ¢h8rity was ftimed by ¢onstiÉution to bE a Srottish Charitable Incorw>r&ted Orgonis&tiot) ISCIOI on 3 F¢bruary 2017. Funds were tmsferred into the Charity from th¢ Theosophical Society in Scotland Limited, a ¢oÈnpany limÈt¢d by Earantee. which was dissolved followin8 the transfer. Re¢rnltm¢nt and Appointment ofTrustees The Trnstees durin8 the pers and those appointed before the signing dale are listed below. Trustees are appointed by the extSliSJ8 trusiees, and there are a maximwn of 7 and a miniinum of 3 trustees. The Trustee5 hre the intl[S of the charity- The charty Trustres must ¢l¢¢t {from among th¢m5¢1Y¢s) a ir¢asurer and a secretary. T¢w Trustees given inftimiation about the Charity and have acce5S to inforniation abollt thetr respon$ibiliti¢s from OSCR guidance. Org*nisati(ba•l Stryrtur¢ Our Charity will always b¢ manageabl¢ via cOn¢t b¢twe¢n ihe Trustee5 and Librarian either by emaÈl, phone or zoorn. Day to day tnanagement is b¢tw¢en the Tr¢asur¢r and Trusiee alld the Librarian. both ofwhottt have en closely involv¢d in the development of thts Charity. K¢y m8nwg¢menl personnel These ar¢ the ¢lwity trustees. No charity Trust¢es aT¢ cp10ye¢8 of the Charity.
Theosophical Society in Scotland Charity Trustees, Annual Report (cont.) Year ended 28 February 2025 Page J. Reference and Administrative Inforniation Charity Name: The Theosophical Society in Scotland Charsty (Sc4)ttish Charitable Incorporated Orgattisationl The library operdted by the Charity is named the Alex Johnston Library aTLd Stydy Room Ch#rity Registrwtion Number: SC047151 Compatky Regi5trsti41n Ilurnber.. CS001836 Iscroi Cfjntact Address Trnstees The Trnstees of ihe charity are members of the organisation for th¢ pulposes of the Chariiies and Trustee Investment IS¢oiland) Act 2005. IndependeDt ExamÉRer Hollis .¢¢Onting LimEted 3 Melville CrescenL EdTrnbur8h. EH3 7HW Bankers Royal Bank of Scotland Unit I, Falcon Square, Inverness IV2 3PP
Th¢osophical Society in Scotland Charity Trustees, Annual Report (eont.) Year ended 28 February 2025 Page Tru5te¢5' Respon$ibiiiti¢s ill Rel#lion to ihe Financial Statements The chartty twstees are responsible for preparin8 a rrnstees, ann rep)rt and finan¢ial siat¢mer)ts in a¢wrdan¢e with appli¢abl¢ law and Unired Kingdom A¢countin8 Standards (United Kitlsdorn Generally Accepted Accountin Praclice). The law applicable io Charities in Scotland requires the charity trusttes to Prepare financial stat¢m¢nts for cach financial year which show a true and fair view of the state of affairs of the charity and of th¢ in¢oming r¢sovr¢¢s and application of resources, of the clwity for that period. In preparing the ftnan¢i81 ststements, the truste¢s are ]rquir¢d select suitable accounting poliGie5 and then apply them consisttMtIy' ob5¢rv¢ the m¢thod and Pfinciples in the applicable Charities SORP; mok¢ judgments and ¢stim&tes that are reasonable and prudent; state whether applicable accounting 5taTrdard5 and statcrnent5 of recommended pracli¢e hav¢ be¢n followed. subje¢t to any departures disclosed and explaiTred in the financial staierneThÈs', piepare the finanrial 5tatnents on thc goiTrg cfmc¢Tn ba515 urkle55 It is inappropriate to pS[n¢ that the charity will conttnue in operY4tiona] exi5tenc¢. Th¢ trustees are responsible foi keeping proper accounung records whickn disclose with reasonable accuracy at any time the financial position of the Gharity and to enable thrt to cn5ure that the financial 5tst¢rnents wmply with the Charities and Trnst¢e Investment (Scotland) Act 2005 and the Charities A¢¢owits Istotland} Regulations 2(K>6 las amended). They are also resw>nsible for takin8 re4sonabl¢ Steps for the pr¢vet)tton and deciion of fraud md other irregularities. The tsustees atr responsible for the maini¢non¢e and iftt¢grtty of the charity and financial infonnatiott on the charity website. Legtslation in the Uni*d Kingdom governing ihe preparatÉon and di55etnination of financial slatements may differ fri)m legislation in other jurisdictions. Approved by the Trustees and 55gned on their behalf. Tru$tee D#te:
Illdependent Examiner's Report to the Trustees of Tbeosophical Society in Scotland Charity Page 5. I report on the accounts of the charity for the yeu ellded 28 February 2025, sel out on pages 6 to 12. Resp¢rtiv¢ r•spon$ibilities of trustees ittd ex*mintr The Charity's Tru51¢es ar¢ rgsponsible for the preparation ofthe accounts in ac¢ordance with th¢ temis of the Charities and Trustee Investhient (Scotland) Act 2005 and the c.harities Acwunis (S¢otland) Regul10$ 2006 {as amended). Thr Lhdrily tru5tvvsLVnsi¢[ lh¢ audil rwuirrment DfRc¥ul4tion 1011 I (a) to (c)of ihe Accounts Regulations does not apply. It is My responsibility to examine the a¢counis as required under section 44(11 Ic} of the Act and to slate wheiher particular matters have come to my attention. Bg$i$ of indeptndertt exAmintr'$$tatetneAt My exatninaiion is caled out in accordance with Regulation 11 of th¢ 2(H16 Chariti¢s Accounts (Scotlandl RegulatLOllS 2006{ amended). An examination includes a review of the ac¢ouniing Jr¢ords kept by the charity at a comparison of the accounts presented with those records. li also intltsdes Considerditon of unusual items or disclosu$ in the accounts, and seeks explanaiions from the trustees Concerning any such mallers. The procedures urtd¢rtaken do tLQt provide all the evide(¢ that would be required in an audit, and consequenily I do not exp$$ an audit optniDn on the vitw given by the accounts. Independent eIamiDer's st4temen¢ In the ¢ou]se of my exarnination. matter has eome to my attention whlch gives me re&qonable eause to believe that in any material Tesp¢¢t therequirementS.' io k¢ep a¢untIng re¢ords in a¢¢ordatt¢¢ wilh S¢¢tion 44111 (a) of the 2005 Act and Rcgulalion 4 ofth¢2006 Aonts RegulatiODS (as amet)dedX ond to prtpare accounts which accord with the acwunting records and comply with Regulfttton 8 of the 21)06 Accounts Regulatton5 (as amendedl ha&¢ not been meu or to whi¢h, in my opinion. att¢otion should b¢ drawn in order to ¢nable a proper under5tand%n8 of the a¢counts to b¢ rChed. Add Date..
The Theosophical Society In Scotland Charity Statement of Financial Activities for the year ended 28 February 2025 Page 6. Note UDrestri¢ttd Re$trieted Funds Funds Urtre5trieted Restricted Funds Funds Total Total 2025 2025 2025 2024 2024 2024 Income from: Dollation5 And grHnts Donations 41 41 21 21 Trading *ctivities Rental income Other income Gain on sale of asset Dividends Bank inter¢st Total Income 28,982 3,500 32,503 28.982 3JOO 32,503 78.527 78.568 78,527 7&568 Exp¢nditutt o#: Charitable aetivities (Xher 39,368 39J68 40.662 40,662 Total Expenditure 39.368 39J68 40,662 40,662 Net IDcomel{expendlture) before g4in$ and losses on lthwestThents 39,200 39,200 {8,159) (8.159) Net gaIn(lO$s¢s) on investme¢)Is (83,0711 {83,0711 Net ineomel(txpertditure) 39,200 J92011 {91,2301 (91230) Tran5fer5 between fitnds Triet Thovement ID (DdS 39,200 39,200 191,2301 {91230) Reeots¢ili#tion of funds Total fU[S brought forward 1,759,381 1,759J81 1,850.611 1.850.611 otal funds carried forw8rd 1.798381 1,79&581 1,759J81 1,759J81
Tbe Theosophieal Society In Scotland ChArlty Balance Sheet At 28 Febrnary 2025 P*ge 7. Uttrutrltted Re$trt¢t¢d Fuud$ Totwl Unrtstritted Rtstricttd unds FuDd5 Total 202$ 2025 2025 2024 2024 2024 Fixed Asset$ Tangibl¢ Assets In¥¢$tments Total Flxed Assets Current Assets Debtots Cash at bank and in hand Totsl Cthrr¢nt Assets Li8biiities Crediioys falling due 7 within otke year Net Current Assety Crcditors failing dve after more than one year Nei A$$et$ 364 364 1.230 1330 364 364 1.230 1230 2.083 1,797.394 1,799,477 2,083 1,757,328 1,759,411 2.083 1,757J28 1,759AI I 1.797 94 1,799A77 11,2601 {1,2611) (1.260) {1260) 1.798.217 1,798217 1.758,151 1.758.tS1 1,798,581 1,798081 1,759,381 1.759J81 The fund5 ofthe charity Restricted fund5 Unrestri¢ted FuThJs .798.581 1.759.381 Totgl eharfty fufjd$ 1,798,581 1.759,381 The a¢¢ouThts were approved by the Trustees on.... .. and si¥7ned on Their behalf by.. ¥4Yc The note5 on pag¢$ 8- 12 fomi pan of these accounts.
The Theosophical Society In Scotland Charity Notes forming part of the financial statements for the year ended 28 February 2025 l. Accouniing Polieles PAge 8. B#515 of preparation The occoynts Ifinan¢ial statements) have been prepared under the historical Cost convention with items recognised at ¢ost or transaction value unless tstherwise stated in the relevant notdsl to these accounts. The financial statements hav¢ been prepared in aceordance with the Sthtem¢nt of Re¢ommended Practice.. Accounting and Keporting by Charities preparing their accouttts in accordance with the Financial Reportin¥ Statldard applicable in the and Republic of Ireland IFRS 102} issued on 16 July 2014 and the Financial Reporting Standard applicable *n the United Ktngdom and Republic of Ireland IFRS 1021, Ihe Charities and Trustee Investment (Scotlandl Act 2005 and the Charities AontS {Swtland} Regulations 20061&s arTrcnded}. The charity constitutes a public benefil ¢ntity &5 d¢fined by FRS 102. The trttstee5 consider that there are no mat¢rial un¢ertainties about the Chity'S ability to continue as 8 going ¢on¢ern. Fixed Asxts The ¢hArity has t4 policy not lo cfipttalise items und¢r £l,OQO. [kprj&cltsn on fixed Sets is charged a5 follows.. Fixtures & Itttings.. 200/D strai[ line Fixed a55et investmeDts Invesrments are a fomi of basi¢ flnancial irtthmenl and are initially r¢cognised their transaction value and subs¢quently measured at their fair v&lue as &t the balance sheet dale using the Closing quoted market price. The siatement of fsrtancial aclivitie5 includes the net 8ains and losse5 arising on revaluation and disP05als throughout the year. Realised and unrealised illyestrnent gains and losses aTe combined in ¢h¢ Siat¢m¢nt of Financial Activities. The Charity do¢$ not acquire put options, dertvatives or other complex financial instruTn¢nts. The maitt form of financial risk faced by the Charity 15 that of volatilsty in equity markeis and investrnent markets due to wider ec4)nomic conditions. the attitude of investors w investment risk and changes in sentiment concerning ¢quiti¢s at)d within particular sectors or sub wt()rs. Ineome Income is recognised wherk the charity has entÉtlement to the funds, any perfomiance conditions attached to the iiemls) of income have been met. it is probable that th¢ in¢ome will be received and the amount can be m¢asured reliably. Interest Receivabl¢ Int¢rest on fvnds held on deposit is included when receÉvable and the amount Can be measured reliably by the charity- thi$ is nOmllY un ttirIcation of the interest paid or payabl¢ by the bank. DonAti0115 8nd grsnts t[tIOnS. grants, lega¢ies and Similar in¢ome, including rel&ied recoverablc Gift Aid tax, are recognisd as in¢ome when it 15 clear that the Charity is entiiled io the income. tl is virtually certain thot it will be received and when its monetary value can be measured with sufficient reltability. Donated Services 8nd fatÉlities tk>ttaled profe5SLonal seryices and donat¢d facilities are rgnised as Èncome when the charity has control over the it¢ any conditions asso¢iat¢d with the donated item have been me¢ the receipt of economi¢ benefit from the use by the chartty of th¢ ii¢m is probable and that econoEnic bettefit can be rnUred reliably. In ¢0¥dance with Charities SORP (FRS102) 8eneral volunteer time ts not recognised.
The Theosophical Soclety In Seotland Charity
Notes forming part of the financial statements
for the year ended 28 February 2025
Page 9.
l. Aecounting Pollelu {Continue
The Theosophical Society In Scotland Charity Notes forming part of the financiaE statements for the year ended 28 February 2025 Page 10. Expendltur¢ Umrestritted Restrlcted FndS Fllt)d$ Unr¢$¢rl¢ted Restrleted Funds Funds Total Total 20ts 2025 202S 2024 2024 2024 LibraTtan ¢osis Book storage Books Library rental N¢w build- lesal St$ New build- Architects Library repair5 Rates 5,025 5,025 5,271 5,271 1,013 25.918 1.013 25,918 1.128 24.996 24.996 267 267 2,151 (481} 2,151 (481) (114) Heat and light Insuran¢ Telephone Printing, postase & st2tiotttty Administration & website Legal & professional Honorarium 281 993 281 287 287 920 920 196 196 822 822 891 891 1.212 1.212 1,000 347 i.000 70 I,ooo 70 Library event Costs Meetirtgs, trav¢J, mileABe DepKciation Aeeoonianty & Independent Examinalthot) 347 1,425 866 ,425 866 1,160 866 866 1.260 1,260 1,260 1,260 Tot*1 ExpeDdÉtllTe 39,J68 39,368 40,662 40.662
The Theosophical Society In Scotland Charity Notes forming part of the financial $tatement5 for the year ended 28 February 2025 Page I l. Tanglble Fixed Assets Herllable Fixtures & Property 2025 Heritable Flxtures & Total 2025 Property 21124 Flttings 21124 Totsl 2025 2024 C05t At l March 4,330 4,330 4,330 4.330 Additionsl{disFK)5alsl At 28 FebNary 4,330 4,330 4,330 4,330 Accumulated DepTlatIOn At l M8reh 3,1(K> 866 3.100 866 2,234 2,234 866 Charge for year At 28 F¢bwary 3.966 3,966 3.100 3.100 Net B(K>k Value At 28 February 364 364 1,230 1.230 INvcstments 2f125 2024 Market value blf Dividends reini'ested Purchase5 Sale of ittves¢men¢s Unrealised 8ainlllussI Markd value c.f. 1.518,683 28,982 {1.464,594) {83:071) Inve5ttnents were g)Id in 2024. No investments were held at the etld of eitheryear. Debtors 8nd pr¢pÈym¢mts 2025 2Q24 Other debtors 2,083 1083 2.083 2,083 Creditor5 2025 2024 ACCalS 1,260 1,260 1.260 1.260
The Theosophical Society In Scotland Charity Notes forming part of the financial statements for the year ended 28 February 2025 Plgt 12. Movements Fulld$ At l Mar. Ineothe Expenditure Transfer5 Investment At 28 Ftb. galttl{105$1 2024125 Restritted funds Ullre5trktt¢41 funds Dc5ignated Funds Genevdl b'und 1,759,381 .759,381 78,568 78,568 {39.368} (39.3681 ,798,581 .798,581 Totl funds 2024n5 1,759,381 78,568 (39J681 1,798,581 2023Q4 comparatKve Rutrieied fund$ Unr¢$trl¢t¢d fttttd$ Designated Fund5 General Fund 1,850,611 1,850.611 32,503 32.503 (40.662) 140,662} {83,0711 1.759,381 (83,0711 1.759,381 Total funds 2023124 1,850,611 32J03 {40,6621 (83,0711 1,759J81 Pur fRe There are currerktly no restiLted fund5 held by the Charity- Analysis of Net A55et5 Among FuDd5 Gtffjerl Restricted Total Ceneral Restrlet¢d Totsl 21125 21125 2025 2024 2024 2024 Fixed Assets .164 1,799.477 11,260} -798.581 364 1,230 1,759,411 11.260) ,759,381 1330 1,749,411 11,260} 1.759J81 Cunent Assets 1.799.477 11,2601 .798J81 Current Liabilities Net 5$ets 1128 Feb IQ. Cofftmliwents Und¢T Opertiug Ltoses At 28 FCba the charity had annual commitments under non-c4th¢ellable operating leases as set out below.. L&nd & Land & Buildings 2024 Bulldlng5 21125 Opernting leases due: WÉthin l year B¢tw¢eD 2 and S yea Over 5 yea 16,095 25,000 16,095