Charity r•glstratlon number SC050433 Iscotlandl GEORGE CRAWFORD LEGACY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 JRW HOGG& THORBURN d)artetÈd aLLOUiitdii¢S
GEORGE CRAWFORD LEGACY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Ttse8 Camèron Crawlord Lucinda Crawford Mary Crawford Kaien Hume Irene Thomson Charity number IS¢otlandl SC050433 Principal address Riverside House Ladhope Vale Gal8shiels TD1 18T Independent examlnèr Vivien Hogg Riverside House Ladhope Vale Galashiel$ TD1 1BT Investment advisors Brewin Dolphin Limited 12 Smf(hfield Street LONDON EC1A9BD
GEORGE CRAWFORD LEGACY TRUST CONTENTS Page Trustees, report Indendent examinerfs report Statement of finanaal activities Statement offinanu81 po$rtn Notes lo the finanaal 51alemenls 6-14
GEORGE CRAWFORD LEGACY TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 28 FEBRUARY 2026 The trustees present their report and financial statements for the year ended 28 February 2026. The finanaal statements have been prepared in 8¢¢ordance wrth Ihe aCuntIng poliues sel out in note 1 to the finan¢ial statèments and comply wth the Trust's deed, the Charities and Trustee Investment (Scollandl Act 2005, the Ch8rrties Accounts (Scotlandl Regulations 2006 las amended) and "Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo ch8rilie5 preparing their accounts in accord8n¢è with the Financial Reporb"ng Stsndard applicable In the UK and Republic ol Ireland {FRS 1021 leffectsve 1 January 20191" Obj•ctiv¢s and activities The Trust aims to provide opportunities for young p8ople, of all abilities, and from all walks of lrfe, to reach their full potential, especAally those with the drive and delerrnination to achieve a better oulcorne for themselves. The Trusf5 objects are widely drawn but have been prirnaiily for the improvements in, accessibility to, and promotion and support of partiapation in sports and leisure pursurts in particular, for all in the United Kingdom. The lunds are wholly unreslricled. The polictes adopted in furtherance of these objects are to hold the Tiusl funds and Ihe income thereof in trust and to 8pply both the income and capital reserve in such proportion as Ihe tru51ees see fft. Achievements and rfOrniance Awards 1 Mar¢h 202S to 28 February 2026 28 Awards were approved in the above period across a variety of Sectors. The TTuslees meet quartedy lo discuss all applications made and dècide which best meets the ethos of the Ttusl's objectives and assessment crilefia. £32.520 was awarded lo the 28 suwssful applicants. Summary Amount Number of applicants Ball Sport Bowling Boxing Curling Dancing Edu¢alional Equestrian Pony Racing Running Swimming Taekwondo Wèightlrfting £ 2.000.00 £ 650.Of) £ 500.Of) £70000 £50000 £ 20.250 00 £ 3,200.CM) £ 550.00 £ 850.00 £ 350.00 £ 1,890.CKJ £ 1,080.00 Totsl £ 32,520.00 28
GEORGE CRAWFORD LEGACY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Financial review 11 is the policy of the Trust that unre51ri¢ted funds which have not been designated for a specific use should be invested in a suitable investment vehicle lo generate an annual incom8. During the year. the Trust received notification that their inve$tm&nt advisors were no longer going to hold portfolios below £250.CKXJ. Consequenlly the investment portfolio was cashed in at no cost lo the Twst and funds transferred into a high rale charity sawngs aunt. The Iruslees also agreed liquid funds should be Maintained al a level equivalent to between six and hvelve monlhs expenditure. The Iruslees consider that reservès at this level will ensure that, in the event of a significant drop in fvnding, Ihey will be able to continue the Trust's current activities while ¢onsideralion is given lo ways in which addrt¢onal ndS may be raised. This level of resetves has been maintained throughout the perK)d. The net assets of the Trust al 28 Febiuary 2026 stood at £209.35212025- £188,396}. Major risks The Ituslees have assessed the major risks to which the Trust is exposed, and are satisfied that systems are in place lo rniligale exposure to the major risks. Structure. governan¢e and management The Trust wa5 founded by a Trust Deed d81ed 28th March 2019 and was registered a registered charty, SC050433, with effect from 3 September 2020. The Iruslees who served during the y&ar and up to the date of signature of the fin8n¢ial statements were.. Cameron Crawford Lucinda Crawford Mary Crawford Karen Hume Irene Thomson The Original Trustees were appoinl8d by Trust deed in 2019 in order to set up thè TNSI in memory of George Crawford. The lotsl number of trustee5 remained at five and Ihere wefe no resignats'on5 in the year. If and when lurther trustees are required, they will be approached by the existing Iruslees to widen the breadth of experience required to run a charity. The Iruslees, report was approved by the Board of Trustees. Cameron Crawford Trustee Date..
GEORGE CRAWFORD LEGACY TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GEORGE CRAWFORD LEGACY TRUST I report on the finanoal staternents of the Trust lor Ihe year ended 28 February 2026. which are set out on pages 4 to 14. Rg$p¢ctlvg rnsponsibilities of truste and examiner The Trust's trustees are responsible for Ihe preparation of the financial statements in acLord8nce with the lemis of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charitie5 A¢¢ounts (Scollandl Regulations 2006. The Trust trustees consider th81 the audit requirement of Regulation 1011llal-Icl ol Ihe Charities Accounts IScL)tlandl Rtsgulalions 2006 does not apply. It is my responsibility lo examine the ffinanci81 statements a5 required under section 4411llcl of Ihe Charities and rrustee Investrnenl Iscollandl Act 2005 and lo stste whether particular matters have corne lo my attention. Basis of independènt examinerfts stat•m•nt My examination is carried out in accordance wf(h Regulation 11 of the Charili&s AccoLinls (Scollandl Regulations 20[. An examination includes a raview of the accounting records kept by the charity and a comparison of the financial slalements presented with those records. It also indudes consideration ol any unusual items or disclosu$ in the financial statements. and seeking explanations from the trustees conceming any such matters. The procedures undertakèn do not provide all thè evidence that would bè required in an audit and consequently I do nol express an audit opinKtrn on the view given by the financial statements. Ind*p•nd•nt •xaminerf8 Statement In the course of my examination, no matter has comè to my attents'on 1. whid) gives me reasonable Cause to believe that in any material respect the requiremenl5.' to keep accounting records in accordance vNlh Sèction 4411 Ila) of the Charities and Trustee Investment Isctstlandl Act 2005 and Regulation 4 of the Chanties Accounts Iscotlandl Règulations 201, and to prepare financial statements which accord with the accounting record5 and comply with Regulation 8 of the Charits'8s Accounts (Scollandl Regulations 2006 have rt been rnel. or 2. to which, in my opini(>n, attention should be drawn in order to enable a proper undeislanding of the financial statements lo be reached. LJ)w Vivlen Hogg Riverside House Ladhope Vale Galashiels TD1 1BT Date..
GEORGE CRAWFORD LEGACY TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOMEAND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 28 FEBRUARY 2026 Unrestricted funds 2026 Unrostricted fund8 202S Note$ Income from.. Donations and lègaaes Fundraising and other Iiading acbviknes Investments 42,873 1,105 3.239 19,376 23,329 3,188 Total in¢ome 47,217 45,893 Expenditure on: Raising funds Charitable activibes 2,089 34,106 11,79) 25,542 Totsl expenditure 36.195 37,332 Net gains on inveslrnenls 12 9,932 11,729 Nèt Income and movemènt rn lunds 20,954 20.2 Reconciliation of funds: Fund balances al 1 March 2025 188,398 166.108 Fund balanc at 28 F•bruary 2026 209,352 188.398 The statement of finanaal actiwties includes all gains and losses recognised in the year. All income and exp8ndrture derive from continuing aciiwlies.
GEORGE CRAWFORD LEGACY TRUST STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2026 2026 2025 Notes Flx•d asg•ts Investments 14 175 132,370 Curr•nt a$$ots Inventories Trade and other CeivableS Cash al b8nk and in hand 15 16 521 20,000 198.177 56,257 218,177 56.778 Net ¢urrent avJ•ts 218,177 56,778 Total assets less current Ilablllties 218.352 189,148 Provision for other liabilrties 17 {9.0001 17501 Net assets 209,352 188.398 Thè funds of the Tfust Unrestricted funds 209,352 188,398 209,352 188.398 The financial statements were approved by the trustees on ............... Cameron Crawtord Tru$ts•
GEORGE CRAWFORD LEGACY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 Accounting pollcl•$ Charlty inforniation The continuing activty ol The George Crawford Leg8¢y Trust is to provide ftjnding to create opportunitie5 for young people, of all abilf(ies. and from all walks of lrfe. to aCh their lull FK)lenlial. Espeaally those with the drive and detemiination to achieve a better outcome for themselves. The Trust is established by trust deed in S¢olland and rt IS Fegisterèd as a charity with the Office of the Scottish Charrty Regulator and its registered number is SC050433 The Trusfs registered address is JRW Hogg & Thorbum, Riverside House, Ladhope Vale, Galashiels, TD1 1BT. 1.1 A¢¢ounttng convention The financial statements have baen prepared under the historical cAJst convention unless otherwise specAfied wrthin these accounting policie$ and in accordance wtth United Kingdom A(untIng Standards, including Financi81 Reporting Standard 102. 'The Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland, I'FRS 102.1 (United Kingdom Generally Accèpted Accounting Pr8cli¢el, the Statement of Recornrnended Practice ISORPI 'Ac¢ounting and Reptsrting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republi¢ of Ireland IFRS 1021,, the Charities and Trustee Inveslrnenl (Scollandl Act 2005 and the Charities ACVnIS IScolland} Regulations 2006 {as arnended}. Thé pparatIOn of finaneial statements requires the use of certain critical accounting estimates. It also requires trustees to exercise their judgement in the procèss of applying the a¢counting policies. Use of 8V8ilable information and application ol judgement are inherent in the formation ol estimates. Actual outwtnes in the future could differ from such estimates.The Trust is a Public Benefit Enlty as defined by FRS 102. The Trust ha5 18ken advantage of the prowsions In the SORP for ¢h8rities applying FRS 102 Updale Bulletin 1 not lo prepare 8 Stslement of Cash Flows. The financial staternents are prepared in sterfing, which is thè funclional currenGy of the Tru51. Monetary amounts in these finanaal statetnenls are rounded to the nearèst £. 1.2 Going con¢em Al the time ol approv¢ng the fin8nci81 slalements, the trustees have a reasonab expectation that the Trust has adequate reSoUS lo continue in operational existence for the foreseeable future. Thus Ihe Iruslees continue lo adtspt the 90ing concern basis ol accounting in preparing the financial statements. 1.3 Charltsble funds Unrestricted fund5 8re available for use at the discretion of the trustees in furtheran of their charitable objectNes. Restricted fvnds are subject to specific conditions by donors as to how Ih9y may be used. There are currenlly no restricted funds. 1.4 Incow Incorne is recognised when the Tiusl is kgally entitled to (( after any performance conditions have been met, the amounts Can be measured reliably. and it is probable that income will be received. C8$h donations are recognised on receipt. Othef donations are recognised once the Trust has been notified ol the donalion, unless performancè conditions require deferral of Ihe arnounl. Income tax recoverable in relalion lo donations received under Gift Aid of deeds ol covenant is ¥ecognised at the bme of the gift aid claim. Legacies are recognised on receipl or ollierwise If the Trust has been notifièd ol an impending distribution. the amounl is known, and receipt is expected. If the amount is not known. the legacy is treated as a conb'ngenl asset.
GEORGE CRAWFORD LEGACY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 A¢¢ounting policies (Continued) 1.5 Expendituro Liabilities are recognised as resources expended as soon as there 15 a legal or constructive obligation committing Ihe Trust to the expendrture. All expenditure is accounled for tsn an arualS basis. Irrecoverable value added tax is charged against the t2legory of resources expended for which il is incurred. Sponsorships payable are payments made lo third parties in the furtherance of Ihe charrtable objectives of th8 Trust. These are accounted for where either the trustees have agreed to pay Ihe granl without condition and the recipient has a reasonablè expectation that they will receive a grant, or any condition attaching lo the grant is ouiside the control of tt)e Tnjst. Management and administralNe wsls a induded in charitable activity costs. Govemance costs comprise all costs involving Ihe public accountsbility of the Twsl and rts compliance with regulation and good practice. These costs relate to accounting fees. There is no apportionment of overhead ¢tssts. 1.6 Non-current investsn•nts Fixed asset investmenls are initially measured at transactKJn price excluding Iransath'on costs. and are subsequently measured al fair value at eath reporting date. Changes in fair value are recognised in net incomellexpendilurel for the year. Trans8cbon costs are expensed as incurred. 1.7 Inventories Inventories ar8 stated al the lower of cost and estimaleLI selling price less ojsts lo complete and sell. Item5 hekd for di511ibub.on at no or nominal consi¢Jeralion are measured tha lower of replacement cost and cost. Nel iealisable value is the e51im8ted selling price less all estimated costs of completion and costs to be incurred in marketing, selling and dislnbulion. 1.8 Cash and cash equivalènts Cash and cash gquivalenis include cash in hand and balances with banks. 1.9 Financial instruments The Trust has elected to apply the provisions of Section 11 '8asic Financial Instrumènts, and Section 12 'Other Finan¢ial Instruments Issues, of FRS 102 to all ol 115 finan¢ial instrurnenl5. Finanual instruments are recwnised in the Trusvs balan sheet whèn the Tru51 becomes party lo the ntractual provisions of thè instrument. Finanaal asset5 and liabilities are offset. wrth the net amounts presented in the financi81 statements. when there is a legally enforceable right to sel off the cOgniSed amounts and there is an inlenlion lo settle on a nel basis or to realise the assèt and settle Ihe liability simLJltaneously. Basic finanelal assets Basic financial assets. whid) indude trade and other receivables and cash and bank balances, are initially measured at transaction price induding transaction costs and are subsèquently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured 81 thè present value of the future receipts discounted at a market ralè of interest. Fin8naal assets classified as receivable within one year are not amortised.
GEORGE CRAWFORD LEGACY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Accounting poli¢1èg IContinu¢dl 80$l¢ financial liabilities Basic financial li8bilities, induding trade and other payables and bank loans are inrtially recognised * transaction price unless the arrangement constitutès a financing Ir8nsa¢tion, where the debt instrurnenl is mèasured at the present value of the future payments discounted al a market rate of interest. Financial liabilrts classffied as payable within one year are not am0.$&d. Oebt instruments are subsequently carried at amortised cost. using the effective inlefesl rate method. Trade payable5 are obligats'ons lo pay for goods or services that have been acquired in the ordinary ryjurse of operations trom suppliers. Amounts payable ale ¢lassffied as current li8bililies if paymenl is due within one year or less. If not. they are psernted as non-currenl liabilities. Trade payables are recognised initially at tr8nsa¢tion PfiC£ and subsequenuy measured at amort13ed ¢o$t using the effective interest method. Derecognition of flnanclal liabilities Finan8 liabilities are derecognised when the Trust's contractual obligations expire or are discharged or cancelled. 1.10 Provision5 Provisions are recognised when the Trust has a legal or constructive present obligation a$ a result ol a past event, it is probable that the Trust will be required to see that obligation and a reliable estimate can be Made of the amount of the obligation. The amount recogni5ed as a provision is the be51 estimate of the consideration required to settle the present obli9ation at the reporting end dale. taking into account the risks and uncertainties surrounding the obligalion. Vthere the effect of the time value ol money is rnalerial. the amount expected to be required lo settle the obligation Is CogniSed at present valuè. When a provision is measured at present value, the unwinding of Ihe discount is COgnISed as a finan ¢osl in net inc£Jmellexpendiluro1 in the period in which it arises. Crltlcal accounting •stSmatss and judgements In Ihe applution of the Tfusl's a¢¢ounting polic4e5, the trustees are required lo make judgernenls. estimates and a$$umptions about the carrying amount of asset5 and liabilities that are not readily apparent from other sources The estimates and associated assumptions are based on historical experience and othei factors that are considered lo be relevant. Actual results may differ frorn these estimates. The estirnates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounbng estimates are recognised in the period in whid) the eslimate is Tewsed where the revision affects only that period, or in the period of the revision and future periods where the revisKJn affecls both cuffent and future periods. In¢om• from donation$ and1ogacle8 Unr•$trl¢tsd funds 2026 Unre$trict•d nds 2025 Donations and grfts Lega¢iès 22.873 20,OQX) 19.376 42.873 19,376
GEORGE CRAWFORD LEGACY TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Income from donations and lega¢ie¥ IContlnu¢dl Induded in donations is gift aid of £nil12025- £3841. Income from fundraising and othèr tradlng activities Unrestrict•d Unrestricted funds fund$ 2026 2025 Fundraising events Merchandise 1,105 22.524 805 Fundraising and sale of merchandise 1.105 23.329 Incom• from investments Unrestrlcted Unre$trfet funds funds 2026 2025 Incorne from listed investments Inleresl receivablè 2.653 586 2.435 753 3,239 3,188 Exp•ndiiure on raising fund$ Unrestrlcted Unr•strlcted fund¥ funds 2026 2025 Fundrdlsing and publi¢lty Staging fundrai5sng events 275 9.877 Trdding costs Other Irading activities 521 699 Investh)ent management 1,293 1,214 Total costs 2,089 11,790
GEORGE CRAWFORD LEGACY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 28 FEBRUARY 2026 Exp•ndltur• ¢)n charitsble •¢tivltl Grar 2026 Grnnts 2025 Direct costs IT costs & lelecomms Rent Ulilitigs Bank charges 107 3.500 820 15 122 4.787 Grant funding of a¢tiwlies (see note 81 32,520 18.715 Shar• of $upport and gov•man¢• Costs (see nots 91 Governance 1,464 2,040 34,1C6 25.542 Analysis by fund Unrestricted funds 34.1 25,542 The rent costs and associated water and ulililies costs related to the ntaI of units al Tweedmill frorn JSC Estates. The rental ¢eas8d during the 2025 financial year. 10-
GEORGE CRAWFORD LEGACY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Grants payab Grants 2026 Grants 2025 Grants lo institutions.. The Tweed Foundation & Twegdstart Sedburgh Bursary Kelso Hockey Club Harper Adams Bursary Kenlucky Horse Park Foundation Te Awamutu Rugby Sports & Recreation Club Strathblane Pony Club Selkirk Youth Rugby Club Scottish Pony Racing Eglington Point to Point Pony RarAng Kelso st Boswells Cri¢ket Club Alnwii* Rugby Club Borders Elite Swim Team Hawick & Tewot Amateur Swimrning Club 11,000 2.500 500 2,000 4.500 1,200 2,000 800 2.000 100 450 100 500 600 500 750 22,550 6,950 Grants lo in(liwduals 9,970 11,765 32.520 18.715 Support costs allocated to a¢vItI98 2026 2025 Govemance cos15 1.464 2.040 Analysed betw8en: Grants 2,040 Governance costs includes payments lo the a¢¢ountants for accounts compilation and an independent examination. 10 Tru$t¥os None of the trustèes lor any persons connected with theml received any rernuneralion or beneffits from the Trust during the year.
GEORGE CRAWFORD LEGACY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 11 Employe•s The average monthly number of employees during the year was". 2026 Number 2025 Number Totsl There were no employees whose annual femuneration was more than £60.000. 12 Gain$ and losses on inve¥lmÈnts Unrestrl¢tsd Unrestrictod funds funds 2026 202S Gainslllosses} arising on.. Revalualion of investments Sale of inve5trnents 11,729 9.932 9,932 11,729 13 Taxation The charity is exempt from taxation on tts activities because all its income is applied foi charitsble purposes. 14 Flxed asset Investments Llstsd investments Cash in porttolio Total Co•t or valuation At 1 March 2025 Additions Payout on encashrnent of portfolio Disposals 128,220 18,777 4.150 159.629 1143.4871 120,1171 132,370 178,406 1143.4871 1167,1141 1146.9971 Al 28 February 2026 175 17S Carrying amount Al 28 February 2026 175 175 At 28 February 2025 128.220 4,150 132,370 12
GEORGE CRAWFORD LEGACY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 15 Inventories 2026 2025 Finished goods and goods for resale 521 16 Trade and othèr receivables 2026 2025 Amounts falling due withln one year: Other receivables 20,0 17 Provisions ft>r liabllltios 2026 2025 9,OCX) 750 Movements on provl$lons: At 1 M8r¢h 2025 Additional provisions in Ihe year Utilisation of provision 750 9,000 {750} Al 28 February 2026 9,000 18 Unrestri¢tsd fund8 The unrestricted lunds of the charity comprbse the unexpended bai8nces ol donations which are not subje¢t to specffic conditions by donors as to how they may be used. At 1 March 2025 In¢omlng oure•s Resou¢6 expended Gains and At28 losses February 2026 General funds 188.398 47,217 {36.1951 9,932 209,352 Prevlous year: At 1 March 2024 Ineomlng T•$ources Resour¢e$ expended Galns and At28 lossesFebruary 2025 General funds 168,108 45.893 137,332} 11,729 188,398 13-
GEORGE CRAWFORD LEGACY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 19 Related party tran$actlons The Trust rented premises from JSC Eslales, of which one of the Trustees is also a partnef. Thè rent and associale(l Costs are financed by donations received from JSC Estates. The rents all ¢¢ased during thè year. 14-