Charity Registration No. ST04476 Company Registration No. SC048053 (Scotland)
THE CARMAN FAMILY FOUNDATION UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
THE A9 PARTNERSHIP LIMITED Chartered Accountants 57/59 High Street Dunblane FK15 OEE
THE CARMAN FAMILY FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
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Country of incorporation
United Kingdom $C048053 (Scotland) Scotland ST04476
Charity registration Scotland
Registered office Ault Wharrie Ardnablane Dunblane Perthshire FK15 ONU Independentexaminer —
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THE CARMAN FAMILY FOUNDATION
CONTENTS
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|---|---|---|---|---|---|---|
|a|
|Page|
|Trustees’|report|1-2|
|Independent|examiner's|report|3|
|Statement|of financial|activities|4|
|Balance|sheet|5|
|Notes|to|the|financial|statements|6-13|
|The following|pages do|not form|part of the|statutory|financial|statements|
|Detailed|statement|of financial|activities|15-16|
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IN
THE CARMAN FAMILY FOUNDATION TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MAY 2025 I
The trustees present their annual report and financial statements for the year ended 31 May 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Objectives and activities
Objectives and aims
The principal objectives of the SCIO, are to benefit the natural environment, including actions that benefit humans, by promoting: 4. Community development (including rural or urban regeneration); 2. Environmental protection or improvement; 3. The relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage. With a view to achieving these objectives, the aim of the SCIO is to concentrate its efforts on: - advancing environmental protection including preservation, sustainable development, native habitat restoration and conservation of the natural environment (across fauna, flora and biota) including in particular woodlands, reforestation and related matters; and - assisting in community development where this might lead to new employment or skills acquisition or use of products that are beneficial to the environment - in unusual circumstances, to assist in community based projects that only aid humans (such as dementia care)
Grant Making
Beyond expenditure of ongoing projects and plans at Holmehill which will be considered by the trustees as the project develops, the trustees regularly consider appropriate applications for funding. the trustees can make payments from income or capital for the benefit of charitable purposes as detailed above with a view to supporting in particular the charity's future projects.
Achievements and performance
Significant activities and achievements against objectives The charity has, and will, focus directly on ecological restoration initiatives that help to educate people in learning the benefits of ecological restoration. This may involve granting organisations such as RSPB, Woodland Trust, Wildlife Trusts or land community buyouts with money to make land purchase for this purpose or funding the development of interactive websites (through Re-wilding Britain) for helping landowners to make informed choices about re-wilding. Monies are also allocated to films such as Riverwoods (about riverine woodland regeneration) and to Northwoods (involving farmers in re-wilding initiatives), both through "Scotland, the Big Picture". We have also loaned money to a Wildlife Trust to buy land, which will be repaid with interest. The charity has decided to make suitable investments into companies (Woodland Savers and Nattergal) that achieve our philanthropic aims (to enhance rewilding and community woodland purchases) that may or may not make a return on investment but which are well run companies that share our aims. This last is a new approach to funding ecological regeneration.
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THE CARMAN FAMILY FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025
a
Financial review Financial position As at 31 May 2025 the total reserves of the SCIO were £2,124,445 (2024 - £2,319,772). The overall net expenditure for the year amounted to £195,327 (2024 - £206,362).
Investment policy and objectives The charity has put in place arrangements to engage the services of an investment adviser. In putting in place these arrangements, the trustees are also confirming with the investment adviser an appropriate investment policy for the management of SCIO's investments.
Reserves policy It is the policy of the SCIO to maintain unrestricted funds at a level of sufficient to cover administration costs and grant making anticipated for the forthcoming twelve months.
Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the SCIO has adequate resources to continue in operational existence for the foreseeable future. For this reason they have adopted the going concern basis in preparing the financial statements.
Future plans By continuing to award funding to charities, the SCI provides a long-term commitment to meeting its objectives.
Structure, governance and management
Governing document The charity is incorporated as a Scottish Charitable Incorporated Organisation. It is governed by its constitution. The charity was granted charitable status by OSCR on 11 January 201 8.
Trustees meetings and appointments The trustees have assessed the risks to which the SCIO is exposed, in particular those related to the operations and finances of the SCIO, and are satisfied that systems are in place to mitigate exposure to major risks. The trustees consider variability of investment returns as one of the major risks, and therefore the foundation will use the services of Stonehage Fleming as investment advisers. The trustees also recognise the risks that attach to holding land which is accessible to the public.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: a (Resigned 1 June 2024)
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THE CARMAN FAMILY FOUNDATION
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CARMAN FAMILY FOUNDATION nnSs TT
| report on the financial statements of the charity for the year ended 31 May 2025, which are set out on pages 4 to 13.
Respective responsibilities of trustees and examiner The charity trustees (who are also the directors of The Carman Family Foundation for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.The charity trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 does not apply.
It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention.
Basis of independent examiner's statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking 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 | do not express an audit opinion on the view given by the financial statements.
Independent examiner's statement In the course of my examination, no matter has come to my attention
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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 Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and « to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 have not been met, or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
I<TR = Fin
THE CARMAN FAMILY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MAY 2025
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||||||
|---|---|---|---|---|
|ree|
|Unrestricted|Unrestricted|
|funds|funds|
|2025|2024|
|Notes|£|£|
|Income|from:|
|Donations and legacies|3|210,010|10,000|
|Investments|4|26,087|31,565|
|Total income|236,097|41,565|
|Expenditure|on:|
|Charitable|activities|5|390,050|361,693|
|Other expenditure|10|36,424|-|
|Total expenditure|426,474|361,693|
|Net gains/(losses)|on investments|11|(4,950)|113,766|
|Net expenditure and movement in funds|(195,327)|(206,362)|
|Reconciliation|of funds:|
|Fund balances at|1|June 2024|2,319,772|2,526,134|
|Fund balances|at 31|May 2025|2,124,445|2,319,772|
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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THE CARMAN FAMILY FOUNDATION
BALANCE SHEET
AS AT 31 MAY 2025
| AS AT 31AT 3131 MAY 20252025 | AS AT 31AT 3131 MAY 20252025 | AS AT 31AT 3131 MAY 20252025 | AS AT 31AT 3131 MAY 20252025 |
|---|---|---|---|
| En | |||
| 2025 | 2024 | ||
| Notes | z £ |
£ £ |
|
| Fixed assets Tangible assets Investments |
12 13 |
4,061,740 1,460,568 |
1,320,332 1,473,250 |
| 2,522,308 | 2,793,582 | ||
| Current assets Debtors Cash atbankand inhand |
14 | 315,605 13,968 |
285,604 278,128 |
| 329,573 | 563,732 | ||
| Creditors: amounts falling due within oneyear |
16 | (727,436) | (1,037,542) |
| Netcurrentliabilities | (397,863) | (473,810) | |
| Totalassetslesscurrentliabilities | 2,124,445 | 2,319,772 | |
| The funds ofthe charity Unrestrictedfunds |
17 | 2,124,445 | 2,319,772 |
| 2,124,445 | 2,319,772 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the smai the smai smai ¢ panies regime. regime.
to the smai the smai smai ¢ panies regime. regime. The: | mentswere approved by the trustees on 25 February 2026
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THE CARMAN FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 pe
- 1 Accounting policies
Charity information The Carman Family Foundation is a Scottish Charitable Incorporated Organisation. The registered office is Ault Wharrie, Ardnablane, Dunblane, FK15 ONU.
1.1 Basis of preparation The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 At theGoing timeconcernof approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
- 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 IncomeIncome is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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THE CARMAN FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- ISMe 1 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified 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 attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.
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1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings nil Tangible fixed assets are comprised of Heritable Property and is not depreciated. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
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1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
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1.8 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
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1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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1.10 Financial instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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THE CARMAN FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025
NN
1 Accounting policies
(Continued)
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
2 Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
|||Unrestricted|||Unrestricted|
|---|---|---|---|---|
|||funds||funds|
|||2025||2024|
|||£||£|
|Donationsand
Grants|gifts|200,010
10,000||-
10,000|
|||210,010||10,000|
4 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Rental income Incomefrom listed investments Interest receivable |
16,200 6,116 3,771 |
21,600 6,742 3,223 |
| 26,087 | 31,565 |
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THE CARMAN FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025
I
| 5 Expenditure on charitable activities |
5 Expenditure on charitable activities |
5 Expenditure on charitable activities |
|---|---|---|
| Charitable activities |
Charitable activities |
|
| 2025 | 2024 | |
| £ | £ | |
| Direct costs Light& heat Land preparation&tree maintenance Gardening services Donations paid |
- 3,751 103,127 280,950 |
243 1,807 60,777 278,110 |
| 387,828 | 340,937 | |
| Share ofsupportand governance costs (see note 6) Support Governance |
611 1,611 |
2;315 18,441 |
| 390,050 | 361,693 | |
| Analysis byfund Unrestrictedfunds |
390,050 | 361,693 |
GRANTS PAYABLE
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Highland and Island EnvironmentFoundation RSPB Scotland |
25,000 - |
15,000 75,000 |
|
| Woodland Trust | 75,000 | 50,000 | |
| The Big Give Trust Scottish Chamber Orchestra |
51,000 4,200 |
50,050 15,000 |
|
| Open University donations Scotland -The Big Picture The GrabTrust |
- - - |
12,060 10,000 5,000 |
|
| National TrustforScotland | - | 25,000 | |
| The Climate Coalition | - | 10,000 | |
| Everyday Plastic The Poverty& EnvironmentTrust Hope forthe Future Environmental Network |
- - - - |
3,000 2,000 2,000 2,000 |
|
| Environmental Funders Network | - | 2,000 | |
| BeaverTrust | 25,250 | - | |
| Inspring Scotland Three Rivers Festival |
103,000 500 |
- - |
|
| 280,950 | 278,110 |
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THE CARMAN FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|6Support|costs|allocated|to|activities|
|2025|2024|
|£|£|
|Sundry|costs|611|2,315|
|Governance|costs|1,611|18,441|
|2,222|20,756|
|Analysed|between:|
|Charitable|activities|2,222|20,756|
|7|Net movement|in|funds|2025|2024|
|£|£|
|The|net|movement|in|funds|is|stated|after|charging/(crediting):|
|Fees|payable|for the|independent|examination|of the|charity's|financial|
|statements|-|2,520|
|Loss|on|disposal|of tangible|fixed|assets|36,424|-|
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8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
There were no trustees' expenses paid in the year. One trustee is refunded for gardening costs paid personally.
9 Employees
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||||||||||
|---|---|---|---|---|---|---|---|---|
|The average monthly number of employees during|the year was:|2025|2024|
|Number|Number|
|Total|rs|-|
|There were|no|employees whose|annual|remuneration|was|more|than|£60,000.|
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10 Other expenditure
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Unrestricted|
|funds|funds|
|2025|2024|
|£|£|
|Net|loss|on|disposal|of tangible|fixed|assets|36,424|-|
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The loss relates to the sale of a building to the related party Dunblane Square Ltd which took place in December 2024.
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THE CARMAN FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025
i ee
| 11. | Gains and losses on investments | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| Gains/(losses) arising on: | £ | £ | |
| Revaluation ofinvestments | 26,368 | 72,413 | |
| Sale ofinvestments | (31,318) | 41,353 | |
| (4,950) | 113,766 | ||
| 12 | Tangiblefixedassets | Freeholdland | |
| and buildings | |||
| £ | |||
| Cost | |||
| At 1 June2024 | 1,320,332 | ||
| Disposals | (258,592) | ||
| At 31 May2025 | 1,061,740 | ||
| Carrying amount At 31 May2025 |
4,061,740 | ||
| At31May2024 | 1,320,332 |
The sale of the building occurred in December 2024. It was sold to Dunblane Square Ltd which is a related party.
13 Fixed asset investments
| Listed | Unlisted | Total | |
|---|---|---|---|
| investments | investments | ||
| £ | £ | £ | |
| Cost orvaluation | |||
| At 1 June 2024 | 1,826,263 | 525,000 | 2,351,263 |
| Additions Valuationchanges Disposals |
950,100 (3,895) (958,232) |
- - - |
950,100 (3,895) (958,232) |
| At31 May2025 | 1,814,236 | 525,000 | 2,339,236 |
| Carrying amount At31 May2025 |
1,814,236 | 525,000 | 2,339,236 |
| At31May2023 | 1,826,263 | 525,000 | 2,351,263 |
IS = Ate
THE CARMAN FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025
NN
| 14 | Debtors | 2025 | 2024 |
|---|---|---|---|
| Amounts falling duewithin oneyear: | £ | £ | |
| Trade debtors Other debtors |
1 315,604 |
es 285,604 |
|
| 315,605 | 285,604 | ||
| 15 | Loans and overdrafts | 2025 | 2024 |
| £ | £ | ||
| Other loans | 16,854 | 16,854 | |
| Payable within one year | 16,854 | 16,854 | |
| 16 | Creditors: amounts falling due within one year | 2025 | 2024 |
| £ | £ | ||
| Borrowings Othercreditors Accruals and deferred income |
16,854 633,034 77,548 |
16,854 957,991 62,697 |
|
| 727,436 | 1,037,542 |
17 _Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At1June 2024 |
Incoming resources |
Resources expended |
Gainsand losses |
At31 May 2025 |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Generalfunds | 2,319,772 | 236,097 | (426,474) | (4,950) | 2,124,445 |
| Previous year: | At 1 June 2023 |
Incoming resources |
Resources expended |
Gainsand losses |
At31 May 2024 |
| £ | £ | £ | £ | £ | |
| Generalfunds | 2,526,134 | 41,565 | (361,693) | 113,766 | 2,319,772 |
148 Related party transactions
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= 42%
THE CARMAN FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Ii 9800 18 Related party transactions (Continued)
Mr W Carman was reimbursed for nil (2024: £60,777) of gardening expenses which he incurred on behalf of the charity.
During the year a building was sold to Dunblane Square Ltd. It was valued at £258,592 but later sold at a value of £225,530. After deduction of legal fees the Carman Family Foundation received £222,168. In total this resulted in a loss on disposal of £36,424.
During the year Contagion Ltd decided to write off £200,000 of its loan. At year end the amount outstanding was £633,034
SC-?<C G00
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THE CARMAN FAMILY FOUNDATION
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 MAY 2025
IERTK=-.: OO
The following pages do not form part of the statutory financial statements which are the subject of the independent examiner's report.
TO_ A -14-
THE CARMAN FAMILY FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2025
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||||||||
|---|---|---|---|---|---|---|
|TTG&—090|
|2025|2024|
|£|£|
|INCOMING|RESOURCES|
|Donations|and|Legacies|
|Donations and|gifts|200,010|-|
|Other general grants|10,000|10,000|
|210,010|10,000|
|Other Incoming|Resources|
|Rental|income on investment|property|16,200|21,600|
|Dividends from|listed|FVTPL|trading|investments|6,116|6,742|
|Other interest|receivable|3;771|3,223|
|26,087|31,565|
|TOTAL INCOMING RESOURCES|236,097|41,565|
|OUTGOING|RESOURCES|
|Charitable|Expenditure|-|243|
|LightLand|&preparationheat|& tree maintenance|3,751|1,807|
|Gardening|services|103,127|60,777|
|Donations|paid|280,950|278,110|
|Share of support costs|611|2,315|
|Share|of governance costs|1,611|18,441|
|390,050|361,693|
|Other|Expenditure|
|Loss on|disposal|of tangible|fixed|assets|36,424|-|
|36,424|-|
|TOTAL OUTGOING RESOURCES|426,474|361,693|
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THE CARMAN FAMILY FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2025
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||||||
|---|---|---|---|---|
|i|
|2025|2024|
|Net gains|/|(losses)|on|investments|
|Revaluation|of investments|26,368|72,413|
|Revaluation|of investments|31,318|41,353|
|4,950|113,766|
|NET MOVEMENT|IN|FUNDS|195,327|206,362|
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