## APPENDIX 3 **----- Start of picture text -----**
Scottish Charity Regulator
**----- End of picture text -----**
**----- Start of picture text -----**
Independent examiner’s report on the accounts vz
Report to the Charity name
trustees/members of Friends of Maud Railway Museum
Registered charity S5C048327
number
On the accounts of the Period start date Period end date
charity for the period Day Month Year Day Month Year
1 April 2024 to 31 March 2025
Set out on pages (remember to include the page
numbers of additional sheets)
Respective The charity's trustees are responsible for the preparation of the accounts in accordance
responsibilities of With the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the
trustees and examiner Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees
consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations
does not apply. It is my responsibility to examine the accounts as required under section
44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent My examination is carried out in accordance with Regulation 11 of the 2006 Accounts
examiner's statement 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, | do
not express an audit opinion on the view given by the accounts.
**----- End of picture text -----**
Independent examiner’s _ In the course of my examination, no matter has come to my attention [other than that statement disclosed on the attached page”) 1. 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 accounting 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 **----- Start of picture text -----**
Signed**:
Name:
Relevant professional
qualification(s) or body
(if any):
Address:
**----- End of picture text -----**
**----- Start of picture text -----**
30 Jou 12025
**----- End of picture text -----**
“Please delete the words in the brackets if they do not apply. If the words do apply, set out those matters which have come to your attention on the following page ** OSCR will accept digital or typed signatures APPENDIA 3 Disclosure section Only complete if the examiner needs to highlight material prablems. Give here brief details of any items that the NM le . examiner wishes to disclose Enter SC No. below APPENDIX 2 Enter charity name below **SC048327** ## **Friends of Maud Railway Museum** |||||**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|**Receipts andpayments accounts**|||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||Period start date|||||||||||Period end date|Period end date|||||| |||**For the period**
**from**|||**1**
Day|||**Apri**l
Month|||||**2024**
Year||**to**|Day
**31**||Month
**March**||||Year
**2025**||| |**Section A Statement of receipts and payments**||||||||||||||||||||||||| |||**Unrestricted**
**funds**|||**Restricted**
**funds**|||||**Expendable**
**endowment**
**funds**||||||**Permanent**
**endowment**
**funds**||||**Total funds**
**current period**||||**Total funds last**
**period**| |||**to nearest £**|**to nearest £**||**to nearest £**|**to nearest £**||||**to nearest £**||||||**to nearest £**||||**to nearest £**||**to nearest £**||**to nearest £**| |**A1 Receipts**||||||||||||||||||||||||| |Donations||**8,199**||||||||||||||||||**8**|**8**|**8,199**||**6,254**| |Legacies||||||||||||||||||||**-**|**-**|**-**||| |Grants||||||||||||||||||||**-**|**-**|**-**||| |Receipts from fundraisingactivities||||||||||||||||||||**-**|**-**|**-**||| |Gross tradingreceipts||**665**|**665**|||||||||||||||||**665**|**665**|**665**||**1,096**| |Income from investments other than||||||||||||||||||||||||| |land and buildings||||||||||||||||||||**-**|**-**|**-**||| |Rents from land & buildings||||||||||||||||||||**-**|**-**|**-**||| |Gross receipts from other charitable||||||||||||||||||||||||| |activities||||||||||||||||||||**-**|**-**|**-**||| |||||||||||||||||||||**-**|**-**|**-**||| |**_A1 Sub total_**|**_A1 Sub total_**|**8,864**|||**-**|**-**|**-**|**-**||**-**|**-**|**-**|**-**|||**-**|**-**|**-**||**8,864**|**8,864**|**8,864**||**7,350**| |**A2 Receipts from asset &**||||||||||||||||||||||||| |**investment sales**||||||||||||||||||||||||| |Proceeds from sale of fixed assets
Proceeds from sale of investments
**_A2 Sub total_ -**
**-**
**-**
**_Total receipts_ 8,864**
**-**
**-**
~~SS~~||||||||||||||||**-**
**-**|**-**
**-**|**-**
**-**||**-**
**-**
**-**
**8,864**|**-**
**-**
**-**
**8,864**|**-**
**-**
**-**
**8,864**||**-**
**7,350**| |**A3 Payments**||||||||||||||||||||||||| |Expenses for fundraising activities||||||||||||||||||||**-**|**-**|**-**||| |Gross trading payments||**7,281**||||||||||||||||||**7**|**7**|**7,281**||**9,721**| |Investment management costs||||||||||||||||||||**-**|**-**|**-**||| |Payments relating directly to charitable|Payments relating directly to charitable|||||||||||||||||||||||| |activities||||||||||||||||||||**-**|**-**|**-**||| |Grants and donations||||||||||||||||||||||||| |||||||||||||||||||||**-**|**-**|**-**||| |Governance costs:||||||||||||||||||||||||| |||||||||||||||||||||**-**|**-**|**-**||| |Audit / independent examination||**30**|**30**|||||||||||||||||**30**|**30**|**30**||**30**| |Preparation of annual accounts||||||||||||||||||||**-**|**-**|**-**||| |Legal costs||||||||||||||||||||**-**|**-**|**-**||| |Other|Other|Other||||||||||||||||||||||| |||||||||||||||||||||**-**|**-**|**-**||| |||||||||||||||||||||**-**|**-**|**-**||| |**_A3 Sub total_ **||**7,311**|||**-**|**-**|**-**|**-**||**-**|**-**|**-**|**-**|||**-**|**-**|**-**||**7,311**|**7,311**|**7,311**||**9,751**| |**A4 Payments relating to asset and**||||||||||||||||||||||||| |**investment movements**||||||||||||||||||||||||| |Purchases of fixed assets
**-**
Purchase of investments
**-**
**_A4 Sub total_ -**
**-**
**-**
**-**
**-**
**-**
**_Total payments_ 7,311**
**-**
**-**
**-**
**7,311**
**9,751**
~~SSSSs~~||||||||||||||||||||||||| |**_Net receipts / (payments)_**
**A5 Transfers to / (from) funds**
**_Surplus / (deficit) for year_**|**1,553**
**-**
**-**
**-**
**1,553**
**2,401)**
**(**
**-**
**1,553**
**-**
**-**
**-**
**1,553**
**2,401)**
**(**
~~==>>>>~~|||||||||||||||||||||||| APPENDIX 2 **Friends of Maud Railway Museum** **SC048327** |**Section B Statement of balances**|**Section B Statement of balances**|||||||| |---|---|---|---|---|---|---|---|---| |**Categories**
**Signed by one or two trustees**
**on behalf of all the trustees**
**B3 Other assets**
**B5 Contingent liabilities**
**B4 Liabilities**
**B1 Cash funds**
**B2 Investments**|**Details**|**Unrestricted**
**funds**
**to nearest £**
**1,660**
**1,553**|**Restricted funds**
**to nearest £**|**Expendable**
**endowment**
**funds**
**to nearest £**|**Permanent**
**endowment**
**funds**
**to nearest £**|**Total current**
**period**
**to nearest £**||**Total last period**
**to nearest £**| ||Cash and bank balances at start of year|||||**1,660**||**4,062**| ||Surplus / (deficit) shown on receipts and
payments account|||||**1,553**||**2,402)**
**(**| |||||||**-**||| |||||||**-**||| ||**Cash and bank balances at end of year**
(Agree balances with receipts and payments
account(s))
**Details**|**3,213**|**-**|**-**|**-**|**3,213**||**1,660**| |||-|
-|
-
**Fund to which**|
-
**asset belongs**|
-||
- 1| |||||||**Market valuation**
**to nearest £**||**Last year**
**to nearest £**| |||||||||| |||||||||| |||||||||| |||||||||| |||||||||| ||**Details**||**Fund to which**|**asset belongs**|**Total**
**Cost (if available)**
**to nearest £**|**-**||
**-**| |||||||**Current value (if**
**available)**
**to nearest £**||**Last year**
**to nearest £**| |||||||||| |||||||||| |||||||||| |||||||||| |||||||||| |||||||||| |||||||||| |||||||||| |||||||||| ||**Details**|||**Total**
**Fund to which l**|**-**|
**-**||
**-**| ||||||**iability relates**|**Amount due**
**to nearest £**||**Last year**
**to nearest £**| |||||||||| |||||||||| |||||||||| |||||||||| |||||||||| ||**Details**|||**Fund to which l**|**Total**
**iability relates**|**-**||**-**| |||||||**Amount due**
**(estimate)**
**to nearest £**||**Last year**
**to nearest £**| |||||||||| |||||||||| |||||||||| ||**Signature***|||**Print Name**|**Total**|**-**||
**-**| |||||||||**Date of**
**approval**| |||||||||| |||||||||| OSCR Receipts & Payments Accounts 24-25 / Statement of balances 2 December 2007 APPENDIX 2 **Friends of Maud Railway Museum** **SC048327** ## **Section C Notes to the Accounts** **C1 Nature and purpose of funds** _(may be stated on analysis of funds worksheets)_ |**C3a Trustee remuneration**
**C4a Trustee expenses**
**C5 Transactions with trustees**
**and connected persons**
**C4b Trustee expenses -**
**details**
**C3b Trustee remuneration -**
**details**
**C2 Grants**|**Type of activity or project supported**|**Type of activity or project supported**|**Individual /**
**institution**|**Number of grants**
**made**
**£**|**Number of grants**
**made**
**£**| |---|---|---|---|---|---| ||||||| ||||||| ||||||| ||||||| ||||||| |||||**Total**|**-**
| ||||||| ||If no remuneration was paid during the period to any charity trustee or person connected to a
trustee cross this box (otherwise complete section 3b)||||**X**
| ||**Authority under which paid**||||**£**| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||If no expenses were paid to any charity trustee during the period then cross
(otherwise complete section 4b)|||this box|**x**| |||**Nature of transaction**||**Number of**
**trustees**|**£**| ||||||| ||||||| ||||||| ||||||| ||||||| ||
**Nature of relationship**|||**Transaction**
**amount (£)**|**Balance**
**outstanding at**
**period end (£)**| ||||||| ||||||| ||||||| ||||||| ||||||| **C6 Other information** **A Business Reserve Account with a balance of £6162 is held as at 31/3/25.** **Total funds available to the Charity at 31/3/25 is £9375.** OSCR Receipts & Payments Accounts 24-25 / Notes 3 December 2007 APPENDIX 2 **Friends of Maud Railway Museum** **SC048327** ## **Additional analysis (1)** ## **Analysis of receipts and payments** ## **1 Donations** |**1 Donations**|**1 Donations**||||||||| |---|---|---|---|---|---|---|---|---|---| |||**Unrestricted**
**funds**
**to nearest £**||**Restricted funds**
**to nearest £**|**Expendable**
**endowment**
**funds**
**to nearest £**|**Permanent**
**endowment**
**funds**
**to nearest £**|**Total current**
**period**
**to nearest £**||**Total last period**
**to nearest £**| |General Donations||**4,477**|||||**4,477**||**2,579**| |Regular MonthlyDonations||**1,470**|||||**1,470**||**1,500**| |Member Subscriptions||**220**|||||**220**||**300**| |Gift Aid/Water Refund||**2,032**|||||**2,032**||**1,875**| |**Total**
**2 Grants**||**8,199**||**-**|**-**|**-**|**8,199**||**6,254**| |||**-**
**Unrestricted**
**funds**
**to nearest £**||**-**
**Restricted funds**
**to nearest £**|**-**|**-**|**-**
**Total current**
**period**
**to nearest £**||**-**
**Total last period**
**to nearest £**| ||||||||**-**||| ||||||||**-**||| ||||||||**-**||| ||||||||**-**||| |**Total**
**3 Gross receipts from other charitable activities**||**-**||**-**|||**-**||**-**| |||**-**
**Unrestricted**
**funds**
**to nearest £**
||**-**
**Restricted funds**
**to nearest £**|**Expendable**
**endowment**
**funds**
**to nearest £**|**Permanent**
**endowment**
**funds**
**to nearest £**|**-**
**Total current**
**period**
**to nearest £**||**-**
**Total last period**
**to nearest £**| |Publication Sales||**435**|||||**435**||**784**| |Miniature Rail Fares||**230**|||||**230**||**311**| ||||||||**-**||| ||||||||**-**||| ||||||||**-**||| ||||||||**-**||| ||||||||**-**||| ||||||||**-**||| |**Total**
**665**
reference error
**Unrestricted**
**funds**
**to nearest £**
**4 Payments relating directly to charitable activities**||**665**||**-**|**-**|**-**|**665**||**1,095**| |||||-
**Restricted funds**
**to nearest £**|-
**Expendable**
**endowment**
**funds**
**to nearest £**|-
**Permanent**
**endowment**
**funds**
**to nearest £**|reference error
**Total current**
**period**
**to nearest £**||reference error
**Total last period**
**to nearest £**| |Rent/Insurance/Business Bank A/C Transfer||**1,555**|







||||**1,555**|









|**6,579**| |BG Lite - Electricity||**1,219**|||||**1,219**||**205**| |Museum Association Membership||**86**|||||**86**||**82**| |Publications - GNSRA, Stenlake||**340**|||||**340**||**671**| |PIB Risk Services & Zurich Insurance||**486**|||||**486**||**456**| |CWCS Web Services||**113**|||||**113**||**113**| |Independent Examiner||**30**|||||**30**||**30**| |SundrySupplies & Fittings||**1,422**|||||**1,422**||**613**| |Inter A/C Transfers(Water & Waste)||**2,061**|||||**2,061**||**1,002**| ||||||||**-**||| ||||||||**-**||| |**Total**||**7,312**||**-**|**-**|**-**|**7,312**||**9,751**| |||reference error||-|-|-|reference error||reference error| OSCR Receipts & Payments Accounts 24-25Additional notes (1) December 2007 APPENDIX 2 **SC048327** ## **Additional analysis (2)** |**Additional analysis (2)**|||||||| |---|---|---|---|---|---|---|---| |**Receipts**
**5 Breakdown of unrestricted funds**|**Unrestricted**
**fund 1 - enter**
**name of fund**
**below**||**Unrestricted**
**fund 2 - enter**
**name of fund**
**below**|**Unrestricted**
**fund 3 - enter**
**name of fund**
**below**|**Unrestricted**
**fund 4 - enter**
**name of fund**
**below**|**Total**
**unrestricted**
**funds**|**Total**
**unrestricted**
**funds last period**| |Donations||||||**-**|| |Legacies||||||**-**|| |Grants||||||**-**|| |Receipts from fundraisingactivities||||||**-**|| |Gross tradingreceipts||||||**-**|| |buildings||||||**-**|| |Rents from land & buildings||||||**-**|| |Gross receipts from other charitable activities||||||**-**|| |**_Sub total_**
**Receipts from asset & investment sales**|**-**||**-**|**-**|**-**|**-**|**-**| |||||||cross ref error|| |Proceeds from sale of fixed assets||||||**-**|| |Proceeds from sale of investments||||||**-**|| |**_Sub total_**
**_Total receipts_**
**Payments**|**-**||**-**|**-**|**-**|**-**|**-**| ||**-**||**-**|**-**|**-**|**-**|**-**| |||||||cross ref error|| |Expenses for fundraisingactivities||||||**-**|| |Gross trading payments||||||**-**|| |Investment management costs||||||**-**|| |Payments relatingdirectlyto charitable activities||||||**-**|| |Grants and donations||||||**-**|| |Governance costs:||||||**-**|| |Audit / independent examination||||||**-**|| |Preparation of annual accounts||||||**-**|| |Legal costs||||||**-**|| |||||||**-**|| |||||||**-**|| |**_Sub total_**
**Payments relating to asset and investment**
**movements**|**-**||**-**|**-**|**-**|**-**|**-**| |||||||cross ref error|| |Purchases of fixed assets||||||**-**|| |Purchase of investments||||||**-**|| |**_Sub total_**
**_Total payments_**
**_Net receipts / (payments)_**
**Transfers to / (from) funds**
**_Surplus / (deficit) for year_**|**-**||**-**|**-**|**-**|**-**|**-**| |||||||-|| ||**-**||**-**|**-**|**-**|**-**|**-**| |||||||cross ref error|| ||**-**||**-**|**-**|**-**|**-**|**-**| ||||||||| |||||||**-**|| ||||||||| ||**-**||**-**|**-**|**-**|**-**|**-**| |||||||cross ref error|| |**Nature and purpose of funds**|||||||| ||||||||| OSCR Receipts & Payments Accounts 24-25Additional notes (2) December 2007 APPENDIX 2 **Friends of Maud Railway Museum** **SC048327** ## **Additional analysis (3)** |**Additional analysis (3)**||||||| |---|---|---|---|---|---|---| |**Receipts**
**6 Breakdown of restricted funds**|**Restricted fund**
**1 - enter name of**
**fund below**|**Restricted fund**
**2 - enter name of**
**fund below**|**Restricted fund**
**3 - enter name of**
**fund below**|**Restricted fund**
**4 - enter name of**
**fund below**|**Total restricted**
**funds**|**Total restricted**
**funds last**
**period**| |Donations|||||**-**|| |Legacies|||||**-**|| |Grants|||||**-**|| |Receipts from fundraisingactivities|||||**-**|| |Gross tradingreceipts|||||**-**|| |Income from investments other than land and
buildings|||||**-**|| |Rents from land & buildings|||||**-**|| |Gross receipts from other charitable activities|||||**-**|| |**_Sub total_**
**Receipts from asset & investment sales**|**-**|**-**|**-**|**-**|**-**|**-**| ||||||-|| |Proceeds from sale of fixed assets|||||**-**|| |Proceeds from sale of investments|||||**-**|| |**_Sub total_**
**_Total receipts_**
**Payments**|**-**|**-**|**-**|**-**|**-**|**-**| ||**-**|**-**|**-**|**-**|**-**|**-**| ||||||-|| |Expenses for fundraising activities|||||**-**|| |Gross trading payments|||||**-**|| |Investment management costs|||||**-**|| |Payments relating directly to charitable activities|||||**-**|| |Grants and donations|||||**-**|| |Governance costs:|||||**-**|| |Audit / independent examination|||||**-**|| |Preparation of annual accounts|||||**-**|| |Legal costs|||||**-**|| ||||||**-**|| ||||||**-**|| |**_Sub total_**
**Payments relating to asset and investment**
**movements**|**-**|**-**|**-**|**-**|**-**|**-**| ||||||-|| |Purchases of fixed assets|||||**-**|| |Purchase of investments|||||**-**|| |**_Sub total_**
**_Total payments_**
**_Net receipts / (payments)_**
**Transfers to / (from) funds**
**_Surplus / (deficit) for year_**|**-**|**-**|**-**|**-**|**-**|**-**| ||||||-|| ||**-**|**-**|**-**|**-**|**-**|**-**| ||||||-|| ||**-**|**-**|**-**|**-**|**-**|**-**| |||||||| ||||||**-**|| |||||||| ||**-**|**-**|**-**|**-**|**-**|**-**| ||||||-|| |**Nature andpurpose of funds**||||||| |||||||| OSCR Receipts & Payments Accounts 24-25Additional notes (3) December 2007 ## hon. OSCR Scottish Charity Regulator **----- Start of picture text -----**
| Day | Month | Year| | Day__| Month _| Year__|
“From [1 Ail | 2024) To [31 March | 2025
**----- End of picture text -----**
Office of the Scottish Charity Regulator ## postcode aBazsty | Names of the charity trustees on date of approval of Trustees’ Annual Report ## Trustee name Office (if any) natecreezyear (or body) entitled to appoint trustee (if any) 1 Chairman 2 p Treasurer | 3 ee 4 Fi 5 a G i a a a Mh nO A a 1 a eG a a APPENDIX 1 ## Reference and administration details Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period) ates acted if not for whole year Name **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |Structure,|governance|and|management| |Type|of governing|document|Two|tier|model|SCIO|Constitution| |Trustee|recruitment|and|appointment|||Trustee|change|at AGM| **----- End of picture text -----**
## Objectives and activities **----- Start of picture text -----**
|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Charitable|purposes|To|promote|the|advancement|of the|arts,|heritage,|culture|or|science|by| |encouraging|groups|to|visit|the|museum,|organising|open|days|and| |through|increasing|awareness|of the|museum,|the|Formartine|and| |Buchan|line|and|other forms|of transport|in|the|North|East|of|Scotland.| |Summary|of the|main|activities|Twenty|four|open|days were|held|in|2024-25|and|attendances|by|the| |in|relation|to these objects|public were|good.|Groups|such|as|guides,|local|schools|and|a|local| |painting|club|enjoyed|their|visits.|The|museum|has|been|publicised|by|all| |volunteers.|One|of the|volunteers|supports|the|local|vintage|tractor|club| |which|meets|at|the|museum.| **----- End of picture text -----**
2 ## APPENDIX 1 ## Achievements and performance |Summary ofthe main achievements|The pastyear has been largely one ofconsolidation ratherthan major| |---|---| |of the charity during the financial|projects. However, we can point to the conservation ofthe exterior ofthe| |period|prison wagon and landscaping atthe south end ofthe site as significant| ||achievements. We have also extended and improved our model ofMaud| ||railway station in its heyday.| ||On-going projects include the restoration ofthe water tower and the| ||admiralty wagon and it is expected to show good progress on these| ||duringthecomingyear.| ## Financial review |Briefstatement ofthe charity’s|policy | Reserves are maintained foruse foron-going expenses as needed and| |---|---| |on reserves|also fornew projects ofdirect relevance to expansion ofMaud Railway| ||Museum.| |Details ofany deficit|| |Donated facilities and services|(ifany) |The main donations have been in the form ofa very large number of| ||volunteer hours put in bymany in support ofthe museum.| ||These hours have not been quantified but will exceed a thousand in the| ||year.| 3 ## APPENDIX 1 ## Other optional information Members attend most Wednesdays and Saturdays, weather permitting, to carry out improvement and maintenance work on site in order to upgrade the environment of the site. ## Declaration The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees **----- Start of picture text -----**
Signature(s)
OSCR will accept
digital or typed
Signatures
Full name(s)
Position (e.g. Chair) | Treasurer
Date 2 May 2025
**----- End of picture text -----**
4