Charity Yegistratlon number SCO51110 Iscotlandl DR GUTHRIE'S ASSOCIATION SCIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
DR GUTHRIE'S ASSOCIATION SCIO LEGALAND ADMINISTRATIVE INFORMATION Trustees Grant Administrator Secretaries and Treasurers Azels AcGountanls Quay 2 139 Fountainbridge Edinburgh, EH3 9QG Bankers Bank of Scolland 75 Gèorge Streel Edinburgh, EH2 3EW Solicitors Lindsays Caledonian Exchange 19a Canning Street Edinburgh, EH3 8EY Independent Examlners Johnston Smillie Ltd Chartered Accountants and Registered AlIOrS 5 South Gyle Crescent Lane Edinburgh, EH12 9EG Inveslment Fund Managers Rossie House Investment Management 50 Moray Place Edinburgh. EH3 6BQ AdminSstrallve Office Quay 2 139 Founlainbridge Edinburgh, EH3 9QG Charity Number (Scotland) SC051110
DR GUTHRIE'S ASSOCIATION SCIO CONTENTS Page TNslees' repot1 Independent examinerfs report Stalemenl of financial activilies Balance sheet Notes to Ihe fin8ncial statemenls 7-18
DR GUTHRIE'S ASSOCIATION SCIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Irustees present their annual report and financial stalements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial st8tements and comply wilh Ihe association's conslilution, the Charities and Trustee Investment {Scolland) Act 2005. the Charities Accounls (Scolland} Regulations 2006 (as amended) and 'Acoounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their a(OuntS in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102)" (effedive 1 January 20191. Objectives and acllvities The object of the Association is lo support organisalions devoted to the care and welfare of children and young people. This Is achieved by awarding grants to such organisatioris for specilic projects or purpose5. There are no changes lo this objective during the year and there is none planned for the future. Review of activities The Truslees have continued to cary out their duties in accordance wtlh the Conslilution. There continues lo be a hwJh level of applications for grants and successful applicants are listed on pages 12-15 of the accounts. Each application for grant is sympalhelically and Carefully considered and the Trustees mainlain, so far as possible, an active inleresl in projects supported. The Association has incurred nel expendilure before gains on investments of £109,973 (2024 - £91,444). Charitable expenditure in Ihe year lotalled £139,707 (2024 - £137,804). During the year the Association continued to incur costs in re12tion to the legal claims. as well as a number of personal data access requesls. As a result, the Association has incurred a(Iditional professional fees of £35.989 (2024 - £26,608) duiing the year. Grant making policy In accordance with the objectives of the Association grants are made lo organisations devoted to Ihe care and welfare of children and young people. A slarbdard application form is used lo provide Ihe information required for Truslees to decide which organisalions should receive granls. The major grant giving round is considered at the meeting of the Trustees annually, Ihe subsidiary granl giving rounds are proposed by the Chair and considered by the Truslees using eledronic means. Achievements and perfomiance The association conlinues lo provide grants to organisations supporting children and young people. Flnancial review During th& year investmenl and other income amounted lo £44,260 (2024 - £59,713). Grants of £86.782 (2024 £93.790} were paid out which, when added to other expenses, resulted in a nel decrease in funds, after gain on investments, of £39,97412024 - nel increase of £19,395). This movement being due lo £69.999 of net gain on invèstments (2024 . £110,839 of nei gain on inveslments) and £109,973 (2024 £91,444) nel expenditure in operations. The investments had a market value at 31 March 2025 of £1,923,975 {2024 - £1,959,627).
DR GUTHRIE'S ASSOCIATION SCIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves policy Grants afe paid out of inveslment and other income after dedudion of adminislralive expenses. Revenue surpluses brought forward from previous years are available if there is a shortFall. There is no reslriclion on the use of capital funds for revenue purposes and transfers are made from lime to time according to the demand for granls. £1,941,749 reseNes were held at 31 March 2025 (2024 - £1,981,723) all of which is unrestricted. The unrestricted funds comprise income snd surplusesldeficits retained over Ihe Associalion's history. and al 31 Marth 2025 É1.923,97512024- £1,959,627) was invested in oidei lo generale future income. £1.892,884 held in inveslments can only be realised by disposing of holdings in the portfolio. Cash in the portfolio of £31,091 can be ulilised should the Associalion require immediate funds. Investment polley The Trustees employ Rossie House Investment Management as investment managers of the portfolio on a discretionary basis. The investment objective is one of a balanced portfolio subject to a medium degree of risk. There are no specific investment reslriclions or limilalions applied to the portfolio. The porttoliD is looked al on total retums basis measured against surtable benchmarks. The Fund Managers meet with Ihe Truslees al least OTr a year. The performance of the portfolio duriThJ the year refleds prevailing markel nditions. A target of £40,000 inttsme {being 2f¢)und 20/0), and to release £90,000 of capital (being around S•/0) was sel lor the year ended 31 March 2025, againsl which inveslment incorne of £42.15412024 - £39.453) and capital of £95.000 (2024 - £105,000) was received. Should the market value of the fund drop to £1.65m (to be rèviewed annually) the Gapital withdrawal would be suspended until Ihere was a r6COVary. Risk management policy The board regularly assesses and considers Ihe rnajor risks to which the ch8rily is exposed in particular those relaling to operations and financing of the Asso¢ialion. The principal risk is loss of captial due to market risk on the investmenl portfolio. This is mitigated by appropriate systems and controb and the engagement of experienced inveslmenl managers. The Association anlicipales a long-term future and accepts the reality that financial markets arè such that capital values of investments will fluctuate during a long time-scale. The value of the investment portfolio has been maintained al a similar level to 2024. and the Association has releasÈd cash from the investment portfolio as planned in order to meel its liabilities. The Gash balance will be regularly monitored to ensure future financial obligations can be mel. Grants will continue to be awarded, only lo the exlenl that the Association's cash and fund balances allow. Plans for the future The Association will Gonlinue lo provide granls as far as possible to organisations thal meet the requirements of the Association. structure, governance and management Constitution Dr Gulhrie's Schools, Association was founded in 1847 by the Rev Dr Thomas Gulhrie and for over a century ran schools for children in need. Following a change in government policy the schoo15 were closed and ihe Association reconstituted as an unincorporated association on 26 June 1987. The assets of Ihe original Association were then transferred to this Association. conslitut&d as a SCIO and approved as a charity on 8 July 2021. The trustees who Seed during the year and up to the date of signature of Ihe financial statements are noted on the charity information pa9e.
DR GUTHRIE'S ASSOCIATION SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 AppolntmenL induction and training of Trusts9¥ The Association is managed by Trustees who are empowered lo assume new Trustees provided they are members of the Association. At present, five of the Truslees are descendants of Dr Guthrie and are considered to have a reasonable Skills set for the Board. Olher Trustees are recruited to complement their skills as required. Vacancies do not occur very often but when necessary the Trustees approach a person who they feel has the necessary knowledge and skills and who will make a valuable contribution to the management of Ihe Association. Trustees are eli9ible to see for one term of five years, and following a break of one year, are eligibile to serve for one further term of five years. New Trustees are provided with a copy of the constitution and annual financial stalernents and are briefed as to their dulles by Ihe Chairman and Secretary. From time to time Trustees are updated on their duties and responsibililies. Dèclsion making proc•ss The Grants Administrator is responsible for receiving applications, presenting them to the Trustees and informing applicanls of the decision as lo whelher a grant has been approved. As the Trustees live in differa)t parts of the UK there is only one meeting 8 year although decisions on grant applications are made several times a year using electronic means. The Ch2r6ty Administralors are responsible for the administration ol Ihe Association. Ststsment of trustees. responsibilities The trusl&es are responsible for preparing the Twslees, Report and the financial statements in ac£ordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo Gharilies in Scotland requires the Iru$lee8 to prepare financial statements for each financial year which give a true and fair view of Ihe state of affairs of the associalion and of the incoming resources and application of resources of the association for that year. In preparing Ihese financial statements, the trustees are required lo: select suitable accounting policies and then apply them consistenty. observe the methods and principles in the Charrties SORP; make judgements and estimates that are reasonable and prudent: stale whether applicable accounting slandards have been followed, subject to any malerial departures disttlosed and explained in the financial statements., and prepare the financial slalements on the going concern basis unless it is inappropriate to pre$Ur that the charity will continue in operalion. The truslees are responsible for keeping sufficient accounling records Ihat disclose with reasonable aGGuraGy at any lime the finanGial posilion of the a550ciation and enable them to ensure thal the financial statements comply wtlh the Charities and Truslee Investment (Scotlandl Act 2005, the Charities Accounts (Scoland) Regulations 2006 las amended) and the provisions of the trust deed. They are also responsible for safeguarding the as5els of the association and hence for taking reasonable steps for Ihe prevention and detection of fraud and other irregularilies. The trustees, report was approved by the Board of Trustee5. Daled.. 3 October 2025
DR GUTHRIE'S ASSOCIATION SCIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DR GUTHRIE'S ASSOCIATION SCIO I report on the financial statements of the asSoation for the year ended 31 March 2025. which are set out on pages S to 18. Respective responsiblllties of trustees and èxaminer The association's trustees are responsible for the preparation of the financial ststements in accordance with Ihe terms of the Charities and Truslee Inveslments (Scotland) AGI 2005 and the Charities Account8 (Scolland) Regulabons 2006 (as amended). The charity's truslees consider Ihal the audit requirement of Regulation 10(11{a) lo (cl of the 2006 Accounts Regulations does not apply. It is my responsibility lo examine the financial slalemenls as required under section 44{1}Ic} of the Act and lo state whelher particular matters have come to my attentic. Basis of Independènl examirn•rfs statement My examination is Caled oijl in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of Ihe acGQUllting records kepi by the charity and a Gomparison of the financial stalements presented with those records. It also includes consideration of any unusual ilems or disdosures in the financial statements, and seeks explanations frorn the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view gNen by the financial statements. Independent examlnerfs ststement In connedion wllh my examination. no maller has Come to my attenlion.. (a) which gives me reasonable cause to believe that in any material respecl the requirementS= to keep aGcounling records in accordance with section 44(1) (a) of the 2005 Acl and Regulation 4 of the 2006Accounts Regulations. and (li) to prepare financial slatemenls which accord with the accounts'ng records and comply with Règulation 8 of the 2006 Accounts Regulations., have not been mel or (b) to which, in my opinion, attention should be drawn in order to enable a proper underslanding of tl financiAI s131emeHls lo be reached. Relevanl Professional Body. The I nslilute of Chartered Accounlanls in England and Wales Johnston Smillle Ltd Chartered Accountants S South Gyle CresGent Lane Edinburgh EH12 9EG 07.10.2025 Dated..
DR GUTHRIE'S ASSOCIATION SCIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Unrestricted revenue Gapitsl fund fund Totsl Unrestricted Vnrestri¢ted revenu¢ capital fund fund Total 2025 2025 2025 2024 2024 2024 Notes Donalions and legaci&s Investments 2,106 42.154 2,106 42,154 20,260 39,453 20.260 39.453 Total Income 44,260 44,260 59,713 59.713 Raising funds 14.526 14,526 13,353 13,353 Charitable activities 116,132 23.575 139,707 119,824 17,980 137,804 Total expenditure 116,132 38,101 154.233 119,824 31,333 151,157 Net 98insl(losses) on investmenls 12 69,999 69,999 110,339 110,839 Net expenditurèl lincomel before transfers (71.872) 31,898 (39.974) (60,111) 79,506 19,395 Gross transfers between lunds 67.550 {67,$50} 84,080 184.080) Net movement in funds 14.322) (35,652) (39.974) 23,969 {4.574) 19,395 Fund balances at 1 April 2024 22.096 1.959.627 1.981.723 (1.873) 1,964.201 1,962,328 Fund balances at 31 March 2025 17.774 1,923.975 1.941,749 22,096 1,959.627 1,981,723 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derwe froffl continuing activities.
DR GUTHRIE'S ASSOCIATION SCIO BALANCE SHEET ASAT31 MARCH 2025 202S 2024 Notes Fixed assets Tangible assets Investments 13 14 207 1.923,975 335 1.959.627 1.924,182 1,959,962 Current assets Deblors Cash al bank and in hand 16 20.002 10.974 20,354 15,212 30.976 35,566 Creditors". amounts falling due within one year 17 {13,409) (13,805) Nel current assets 17,567 21,781 Total assets less current Ilabilities 1,941,749 1,981,723 Funds: Unreslri¢ted capital fvnd Unreslricled revenue fund 1,923,975 17,774 1,959.627 22.096 1,941,749 1,981.723 The financial slalemenls ivere approved by the Trustees on 3 October 2025
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Charity informatlon Dr Gulhrie's Association SCIO is constituted as a SCIO and continues the activilies ol a fornier unincorporated tharity which was formed in 1987 following Ihe closure of Dr GUthr'S Schools. The Association's principal address is Quay 2, 139 Fountainbridge, Edinburgh, EH3 9QG 1.1 Aeeounting ¢oDvention The financial slalements have been prepared in accordance wilh the Association's Constituition, the Charities and Trustee Inveslrnenl (Scolland) Act 2005, the Charitiès Accounts {S¢olland) Regulations 2006 (as amended), FRS 102 the Financial Reporting Standard appliGable applicable in the UK and Republic of Ireland f'FRS 102") and 'AcGounting and Reporting by Charities.. Slalemenl of Recomrnended Pract applicabk lo charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland {FRS 102) (effective 1 January 2019). The Association is a Public Benefil Entity as defined by FRS 102. The Association has taken adwanlage of the provisions in the SORP for smaller chantiès not to prepare a Statement of Cash Flow5. The financial slalemenls are prepared in sterling. which is the functional currency of the association. Monetary amounts in Ihese financial slatery*nls are rounded lo the nearest £. 1.2 Going concern The Trustees have identified no issues Ihal may impact on the Association's ability to continue as a going Concern. The financAal slalemenls have Iherfore been prepared on going concern basis. 1.3 Charitable fund$ UnTestricted funds ale available for use at the discretv)n of the truslees. In order lo ensure that funds are available for specific projects, Gertain funds are set aside and designated by the trustees inlo separale funds. The Assouabon has unrestricted revenue and capital funds. The unrestricted revenue fund comprises surpluses and deficits bioughl foNiard over many decades. They may be used for all constilulional purposes. The unreslricted capital funds can be used for the charitable objects at Ihe discretion of thé Iruslees. Restricted funds are those whiGh have been given to the charity for use in accordance with the wishes of donors, commonly for use in relation to a specAfic service. The charity has no restricted funds. 1.4 Incorne Income is recognised when the charity becomes enlitled lo the income, receipt is probable and the amount can be reliably measured. Investment income interest is recognised using the effective irnlerest rate applicable to the assèt. Royalties are recognised on an accruals basis. Dividend incorne is recognised when the right to receipt is established and is measured al the fair value. Cash donations are recognised on receipl.
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies (Continued 1.5 Expenditure Expenditure is recognised on an accruals basis and related where practicable lo Ihe ¢harity'S aclivities. Where possible. expenditure is allocated directly lo the function to which it relates. Where this is noi possible il is allocated on the basis of lime spent by staff on that activity. Costs of raising funds comprises those costs which are associaied with the generation of income frorn sources other than undertaking charitable adivities. and irKludes investment management Gosls. Charilable expendilure comprises those costs incurred by the Gharily in the delivery of its charitable aclivilies and seNi¢es. Support costs and governan costs are apportioned between aclivities on the basis of time spent by stafl on that aclivlty. Accruals are obligations to pay for goods or services that have been acquired, and meet granl commilmenls established beforè the year end. Accruals are iecognised al the undisGounled amount owed lo the supplier, which is normally Ihe invoice price, or grants as awarded by the Trustees. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequenlly measured al cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Computers 339/0 Straight Line The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the Garrying value of Ihe assel. and is recognised in the slatemenl of financial activities. 1.7 Fixed asset investments Quoted investments are stated at Ihelr fair value at Ihe reporting date. Gains and 105ses arising are recognised in the stalemenl of financial activities in Ihe period in which they arise. Unlisled investments are stated al their fair value at the reporting date. The principal risk lo the AssoGialion is loss of capital due to market risk on the inveslmenl portfolio. This is miligated by appropriate systems and controls and the engagement of an experienced firm of inveslmerl a(fvisors. The Associalion anticipates a long-temi future and accepts the reality that financial rnarkets ore such that capital values of investmenls will flucluale during a long time-scale. 1.8 Impaimient of fixed assets At each reporting end dale, the asso¢ialion reviews the carrying amounts of its tangible assels lo determine whelher ihere is any indiGalion thal Ihose asset5 have suffered an impaimienl k)ss. If any such indallOn exists, the recoverable amount of the asset is eslimated in order lo determine the extent of the impairment loss (rf any). 1.9 Cash and cash equivalents Cash and cash equivalenls include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturilies ol three months or less, and bank overdrafls. Bank overdrafls are shown within borrowings in current liabilities.
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.10 Financial Instruments Financial instruments are recognised in the statement of financial position when the charity becomes a party to the contractual provisions of the inslrumenl. Financial inslruments are initially measured al transaction pnce. Subsequent to initial recognition, they are accounted for as set out below. A financing I[saCtIon is measured at Ihe present value of the future payments discounted at markel rate of interest for similar debt instrument. Financial inslTumenls are classified as either'basic, or'othef in accordance with Chapter 11 of FRS 102. At Ihe end of each reporting period, debt insliuments classtfied as basic are measured at amortised cost using the effective intèrest method. All financial inslwments not classified as basiG are measured at fair value at the end of the reporling period with the resulting charges recognised in income or expense. Where the fair value cannot be reliably measuTed. they are recognised at cost less impairm8nL Financial assels are derecognised when the contractual righls to ihe cash flows from the assel expire, or when Ihe Charity has transferred substantially all the risks and rewards of ownership. FinanLial liabilities are dèrècognised only once the liability ha£ been extinguished through discharge. cancellation or expiry. Basic financlal assets Basic financial assels, which include debtors and cash and bank balances, are inili?Ily measured a transaclion price includlng transaclion costs and are subsequenlly carrd at amort15ed cost using the effective inlerest method unless the arrangement con3trtutes a financing transadion, where the transaction is measured al the present value of the fvlure receipts discounled at a market rate of inleresl. Financial assets classified as receivable within one year are nol amortised. Baslc financial liabillties Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement Conslitules a financing transaclion. where the debt instrument is measured al the present value of the fulure payments discounted al a market rate of interest. Financial liabilities dassthed as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cosl, using the effective interest rate method. Trade creditors are obligations lo pay for goods or seNices that have been acquired in the ordinary course of operations from suppliers. Arnounts payable are classified as current liabilities if paymenl is due within one year or less. If not, Ihey are presented as non-current liabilities. Trade credilors ale rewgnised initially at transaction pnce and subsequently measured al arnortised cost using the effeclive interest method. crftical accounting estimates and judgements In the application of the association's accounting policies, the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabililies that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and oiher factors Ihal are considered lo be relev8nt. Adual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the pefiod in which the estimate is revised where the revision affects )lY that period, or in the period of the remsion and future periods where the revision affects bolh current and future periods. The trustees are not aware of any critical accounling estimates and judgements that would have a material impact on the financial slatemenls other Ihan Ihose points mentioned in note 19.
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donation¥ and legacies Unrestricted Unrestricted revenue revenue fund fund 2026 2024 General donations Donations receivable 2,106 260 20,CM)O 2.106 20.260 Investments Unrestrlctsd Unrestrictsd revenue revenue fund fund 2025 2024 Dividends and Interesl 42,154 39,453 Raising funds Unrestrlcted Unrestri¢tsd capital capital fund fund 2025 2024 Support costs Investment managemenl 3,840 10,686 3,008 10.345 14,526 13.353 10-
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Grant Exceptional awards legal costs 2025 2025 Total 2025 Grant Exceptional awards legal costs 2024 2024 Total 2024 Grant funding of activities (see note 8) 88,782 86.782 93,790 93.790 Share of support costs (see note 9) Share of govemance costs (see note 9) 9,616 9,616 11,360 11,360 7.319 35,990 43,309 6,046 26,608 32,654 103.717 35,990 139,707 111,196 26,608 137,804 Analysls by lund Unrestricted revenue fund Unrpstricted capital fund 98,137 5,580 17,995 17,995 116,132 23,575 106,520 4,676 13.304 13,304 119.824 17.980 103,717 35,990 139,707 111,196 26,608 137,804 Descrlptlon of ¢harltable a¢tivities Grant awards represent all day-Io•day costs of the Gharity's principal activity of making grants to organisations devoted to the care and welfare of Children and young people. Costs in this area related to exceptional legal and professional costs that Ihe Association has incurred in relation lo the matters highlighted in note 19. 11
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants payable Grant awards Grant awards 2025 2024 Grants to institutions= 1 st Wick Scouts Abernethy Trust Aberlour Childcare Trust All or Nothing Aerial Dance Thealre Avon Outdoors Baltic Slreet Adventure Playground Befriend a Child Bikes for Refugees Boomerang Woodworking Branchlon Community Centre Association IBCCA) Brent Cenlre Highlands Burghead Free Church Can Do Canine Concern Scotland Canongale Youth Carers ofwest Lothian Child Bereavement UK Children's HodaY Venture Circle Community One Stop Cosgrove Care Cranhill Pr*mary School Fund Craigmillar Literacy Trust Cruse Scolland Bereavemenl Support Cumnock District Leisure Group Curiosity Collective Dance Base Dean Orphanage and Cauvins Trust Disabilily Snowsport Dundee Boys Brigade Dunedin S¢hool Eal, Slèep, Ride CIC Edinburgh City Youlh Café 6Wt Edinburgh Tool Library Edinburgh Union Canal Society SCIO Edinburgh Young Carers Eildon West Youth Hub {TD1 Youth Hub) EPIC Easl Ayrshire Pipe Band Academy Escape Youth Services Families First Feeling Strong SCIO FelLor Youth Club Fire & Peace Recovery Fischy Music Geeza Break 300 1,000 1 ,000 840 1.(100 1,000 750 1.000 1.000 1.000 500 1,000 650 1.000 1,000 1.200 1.000 500 900 1.000 1,000 500 500 1,000 1,200 1,000 840 500 1,130 1.000 1,000 1,000 1,000 1.000 1,000 1.000 640 500 1,000 1,500 750 1,000 1.000 1,000 1,000 840 1,000 1,000 1,000 12-
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants payable (Continued) Getting Better Together Glasgow City Mission Glasgow Easl Arts Company Glasgow RDA Go Youth Trust Gorbals Youth Cafe SCIO Granton Youlh Ltd Happy Days Children's Charity Harris Trust Haus of Seisay Helm Training Holy Trinity Church Youth Ministry Hebridean Pursuits Outdoor Leaming SCIO Home Link Family Support Home-start Aberdeen Honeypot Children's Charity HopscolGh Children's Chaiity Hopscotch Theatre Company Hot Chocolatè Trust Impact Arts {Projects)Ltd Input Into Work Ltd Islay & Jura Community Enterprises Johnstone Castle Leaming Centre Jun¢lion 12 Ltd Karele Ltd Kinross-shire Youth Enterprise SCIO Kinship Care Midlothian SCIO LEAD UK Light Up Leaming Linlilhgow Young People's Project (LYPP) Lolhian Association of Youth Clubs (LAYC) Love and Harmony CIC (The Hive) Love Musi Mayfield & Easthousès Youth 2000 Projed Made4U in ML2 ManipLJlate Arts (formerly Puppel Animation Scotland) Midlothian Youth Platform Motheell Boys Brigade Mova On National Youlh Choir of Scotland New Team SCIO Newton Wallacelown Church YoLrth Ministries Ocean Youth Trust (Scotland) Ltd One Parent Families Scotland Outrrt Moray Outward Bound Trusl Passion4Fusion Ltd {P4F) Play Midlolhian Pleasance Theatre Trust Ltd Polbelh Community Hub 750 1.000 1.000 1.QCQ 840 1,000 840 750 1,000 1,000 840 1,000 840 1,000 1,500 952 1,000 1.000 1,000 1,500 1,000 1,000 1.000 1,000 1,500 500 1,000 840 1.500 840 1,000 500 1,000 1,000 1,000 840 840 1,0(X) 5¢Xs 1,000 1.OQQ 800 1,000 1.000 1,000 1,000 500 1,000 1.000 1,CK)O 1,QK)O 1,000 840 750 1,000 840 1,000 1,000 1,290 500 1,000 840 13-
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grants payable {Conlinued) Polish Family Support Centre Positive Help Preston Streel Primary School Projèct 31 RCCG King of Glory Edinburgh Reeltime Music Reidvale Adventure Play Association Ltd Rwk UK R¢Jokie Rockslars Royal BotaniG Garden Edinburgh Royal Lycéum Theatre Company Royston Youth Action RSNO Society Lld Safe Families fcir Children Scottish Huntington's AssociatlOD Scollish Youth Dance IYDancel SEAL Community Health Project Seamab Care and Edu¢alion South Ayrshire School Clothing Bank Spartans Community Foundation (previously known as Spartans Cornmunity Foolball Academy) Sports Palhway Group CIC Stills Centre for Photography Sl Andrew's Youth Slarcalchers Productions Ltd st Theresa's Youlh Club Strange Town Lld SU S¢olland Sunshine Wishes Children's Charity Support for Families (S4F) Tall Ships Youth Trust Tarbert Youth Group Tayside Council on Alcohol (TCA) The Ayr Ark The FTuilmarkel Gallery The Gate Gharily The Glasgow Barons The Haven Kilmacolm CharityAccount The Herilige Chapter The Junclion- Young People, Health and Wellbeing The Muirhead Oulreach Project The National Youth Choii of Scotland (NYCOS) The School Bank Wesl Lothian The Pennypil Trusl The Safety Zone Community Centre The Voice Project Youth Choir The GKexpeiienGe SCIO Think Circus CIC Tron Theatre Ltd U-evolve Urban Uprising 1,000 1.000 5¢yJ 1,440 1,500 500 840 500 840 940 750 1.000 1.000 1.000 1,000 1,000 1,000 1,000 500 1.000 1.000 1.000 500 1,OiKI 840 600 1,000 1.000 1.000 750 1,000 1,000 1,000 1,000 1.000 750 1,000 500 1.000 1,000 1.500 840 500 1.000 840 1 ,0(Xl 1,000 1,000 840 1,230 1.000 1,000 1,000 1,500 1,000 1,000 500 1,000 14-
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Grdnts Payable (Continuedl Ukrainian St Matys Tfust Ltd Venture Trust Venture Scotland Volunteering Hebrides Volunteering Matters WASLER (Women's Aid South Lanarkshire and East Renfrewshirel Wesler Hailes Growing Community CIC Wesler Hailes Youth Agency hat Moves You CIC Who Cares Scotland Wise Mentoring CIC YMCA Bellshill Young Women's Movement IYWCA Scotland) Youth Theatre Arts Scotland 1,000 1.000 1.000 1.000 840 1.500 750 1,000 500 850 500 1,000 1.000 1,000 500 500 500 86,782 93,790 Support costs Support Governance costs costs 2025 Support Govemanco osts costs 2024 Secrelarial and Accountancy Professional fees Granl adminislralion Miscelaneous lThJependent Examinerfs fee 7,680 11,520 35.989 5,776 293 6,016 3.008 26,608 9,024 26,608 7,752 990 35,989 5.776 7.752 600 293 390 3,187 3.187 2,648 2,648 13,456 43,309 56,765 14,368 32,654 47,022 Analysed beeen Fundraising Charitable activities 3.840 9,616 3.840 52.925 3,008 11.360 3,008 44,014 43,309 32,654 13,456 43.309 56.765 14.368 32,654 47,022 10 Trustees None of the Iruslees (or any persons connected with them) received any remuneration, benefits, or expenses from Ihe Association during the cuirenl or piior yeai. 15
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Employees TheAssociation had no employees during the ujrrent or prjor year. 12 Net gainslllossesl on investments Unrestrieted Unrestricted capital caprtal fund fund 2025 2024 Revalualion of investments Gainl{loss) on sale of investments 67,084 2,915 111.138 {299) 69.999 110,839 13 Tangible fixed assets C¢mputÈrs Cost At 1 April 2024 389 At 31 March 2025 389 Depreciation and impairment Al 1 April 2024 Depreciation chaiged in the year 54 128 At 31 March 2025 182 Carrying amount Al 31 March 2025 207 At 31 March 2024 335 16-
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 14 Fixed assèt investments Llsted Investments Cash in portfollo Total Cost or valuatlon At 1 April 2024 Addilions Valuation changes Movement Disposals 1.923.110 80.139 67.084 36,517 1,959.627 80,139 67.084 (5.426} (177,449) (5,426) {177,4491 At 31 MarGh 2025 1.892.884 31.091 1,923.975 Carrying amount Al 31 March 2025 1,892,884 31,091 1,923.975 At 31 March 2024 1,923,110 36,517 1,959.627 15 Financial instruments 2025 2024 Carrying amount of finan¢lal assets Inslrumenls measured at fair value Ihrough profit or loss 1,892,884 1,923.110 16 Debtors 2025 2024 Amounts falling due within one year. Other debtors 20.002 20,354 17 Creditors: amounts falling due wlthln one year 2025 2024 Other creditOTS Accruals and deferred income 8.003 5,406 5,276 8,529 13,409 13,805 17-
DR GUTHRIE'S ASSOCIATION SCIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Analysis of net assets between funds Unrestricted Unrestricted revenue capital fund fund 2025 Totsl Unrestricted Unrestricted revenue capmal fund fund 2024 Total 2025 2025 2024 2024 Fund balances at 31 March 2025 are represented by.. Tangible assats Investments Current assetsl(liabilities) 207 207 1,923,975 17,567 335 335 1,959,627 21.761 1.923,975 1,959,627 17,567 21.761 17,774 1.923,975 1.941,749 22,096 1,959,627 1,981,723 19 Financial commltments, guarantees and contingent Ilabllltlès The Association is facing a numb@r of legal actions. At the current time the Truslees are unable to assess the likelihood of the requirement to pay selllements or the sums that could be payable due to the eady stage of these legal actions. 20 Related party transactions The were no related paty transactions in the currenl year. In the prior year, the charity had benefrtted from a totxl rlon2ti¢Ji of £20,000 from tha charity's Chair. and her sister as a result of the estate of Mary an active Guthrie family member. 18-