Company Number.. SC711289 Charlty Numbèr- SC051501 HOLY TRINITY ST ANDREWS TRUST (COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Hc'ndcr41)ii Illaik &. ("(
HOLY TRINITY ST ANDREWS TRUST (COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees, who are the directors of the company for the purposes of company Lqw, present their report and the financial statements for the year ended 31 December 2025. The accounts have ten prepared in accordance the accountino Fx)Iick8s set out in note 1 of the counts and comply wrth the Charrt5 Accounts {Scotlandl RegUlatr¢S 2006 las amended). the Compan5 Act 20¢A, the Memorandum and Articles of Ass¢xIatn, and Accounting and Repo"ng by Charrties Statement of R0MMended Practice appIbCab lo charities preparing their accounts in accordance with the Financial Reporting Standard applKable in the UK and Republic of Ireland IFRS 1021 effectwe 1 January 2019. OBJECTIVES AND ACTIVITIES The Trust's charilasle objects are'.- lo advance cilvzenshp and ccrnunty devekymenl. particularly wrthin St Andrews and its environs I'the Communty Area'l wrth a view to improving the experience and quality of life of Iho$e INing in, working in or vi$iling the Communty Area I'lhe Communty")., 2. to advance the arts and CLtlture for the benefft of thè Communty, particulady by eslabli$hing, ¢CrdinatIng, supporting. hosting and managing events. perfomiances, workshops, conférences. and any other projects which contribute to a more vibrant artistic and ctjllural experience for the Community", 3. to advance herrtage for Ihe tenefft of the Communty by acquinng, restoring, enhancing, protectsng andlor preserving buiklings and other structures of hislorul or archf(eclural $vJnifKance within the Communty Area. partKularly the Hoty Trinity Church building in St Andrews," 4. to provKle recreatK)nal fac11rt$ and to organi8e recreatM)nal activrties wrth the object of improving the ¢ondrtions of lrfe of the Communty." and 5. to make the Holy Trinity Church building available for Christian wcrfship and related $eNI¢&$ and events. with a to the advancement of Tel)n. ACHIEVEMENTS AND PERFORMANCE From a standing start tsvo or thraè years ago, th8 Trust's 6v8nts programm8 has become ong in whi¢h about 50 musical and other events now lake place annual. This aehievemenl ts thought lo have been widety noljced In Frfe and beyond. Management of the events passed to the Holy Tnnty congregation with effect from August 2025. A trustee of the Trus( Michad Carslaw. is now Events Dire¢lor and 1$ taking the programme from strength lo strength. The summer months of 2025 saw a Continuath of the Holy TTtnty church openings. planned and organised wrth substantial input from the Trust. Behveen June and mKI-Saptember 2025 some 15.000 people from near and far wsited the church. most of them for the first lime. Thanks are due to the Welcomérs. among whom were some of thè tnJstee$. One trustee, Graham Wynd, was a key part of the dedicated team whh Overs the Wekomers. rota and undert¢)ok the onerous burden of opening the church in the momings and dealing wrth all aspecls of closing rt in the late afterncons. Holy Trinrty has n¢)w been included among e1ve natKJnalty iMpan1 churches In Scotland, lo be known as Signature Churches. This, together wrth other factors, persuaded the trustees lo lake responsibi11ty, once more, for the programme of church openings in 2026. If possible, the previous three days Fer week in the summer months might be expanded so that more visrtors would be able tr) enjoy all that the church has to offer. The final waymark of the Frfe Pilgrim Way is srtiJed in Holy Trinity's garden- an oulcclne lo which the Trust eontributed. Fife Coa$l & Countryside Trust, Frfe C¢JJneil, VK8rtScotL4nd and other organisalions {including churches ak)ng the route} are expending much effort towards publKising the Pilgrim Way and seeking lo enhance the pilgrims, experEnce in various respecls. The Trust has decided lo offer its support lo expanding Holy TTinty's role_ The Frfe Pilgrim Way not yet as well-eslablished as some other pilgrimage routes in ScotLand'. to date, not many pilgrims come to the church. Hcwever, rt is
HOLY TRINITY ST ANDREWS TRUST (COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 thought that this srtuatM)n is sure lo change for the better. and the Trust hopes to make a valuable contribution. The Trust has not k)st sight of the intended devekrf)ment of the church building, as envi$aged in the detailed Feasibilty.and Design Study whKh was concluded in 2024. The focus in partulaT would be on installation of modem tOlt acc0fflmoda1n and a much-improved environment in and around the west dcM)rs of the church. These expensive work5 will require substant1 funds lo be raised, and il is not anticyated that they wlll be undertaken in the inwrdIate short lem. FINANCIAL REVIEW The Surplus for the year lo 31 December 2025 was £3,14812024- £6.488). Total fund8 held at 31 December 2025 were £16.42212024 - £13.2741. All ffijnds are unrestricted fund$ and are available for general Charit18 purposes. RESERVES POLICY While the Trust has no employees, has onty modest fixed assets Itherefore gNing rise to only minor repair coslsl. has no signrficant pl8nned financrdl commitments and has a low risk of unexpgcted expendrture, the Iruslees consider rt prudent lo maintain a general reserye of funds ol al least £2,500 whth they mnsider S[rffIent lo r1 the Trusys anlKipaled financial and *al obligations lo its intended beneficiaries and others. The policy will be VEwed annualty. STRUCTURE. GOVERNANCE AND MANAGEMENT Constltutlon The Trust is a company limited by guarantee and do88 not have a share capital. Tha ¢ornpany was incorporated on 5 October 2021 and the goveming documents of the organisalion are the Memorandum and Articles of Association. charitab stslus was granted by OSCR (Office of the Scottish Charty ReguLqlor) on 13 January 2022. At the dale of this Rewt, th8 trustees are all members of the charty. The ArtleS pemirt the admission of members who a not. and who have never been. Iruslees. In the year covered by these financial stslemenls, the members were nol required to pay a subscriptson. Appolntmont of Trustees Eaeh trustee Is intended to be a perwi having the experience and integrty Wh will fvrther the Trust'8 charitabl8 purposes. This intenlK)n will be at the f(Kefront of future recruitment. The Articles proVe for trustees to be apwnted in one of four ways.. the members may appoint trustees by oftlinary resolution. the board oflnjstees has the power to co-opt addrtional trustees land to remove those trustees),. the Kirk Session of Boarhills Dunino and Sl Andrews. Hoty Trinity Church of Scotland (Scollish charity, number SC017173} has the power to n(Inate one trustee to the board land to remove that trusteel", the Communty Council of the Royal Burgh of St Andrews has the power lo nominate one trustee to the b)ard land lo remove that trusteel. The trustees nom7alty hold a fom1 meeting atxyjt seven or eoht times in each year. Further interin meetings are held when required.
HOLY TRINITY ST ANDREWS TRUST (COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Remuneratlon of the trustees Between the date of incorporation of the Trust and the date of this ret. no remuneralk)n has been paid to any trustee. There are currently no plans to femunerate any trustee. No trustee has elaimed, or will claim, reimbursement of incidental expenses incurred during the year. REFERENCE AND ADMINISTRATIVE INFORMATION Name: Hoty Trinty Sl Andrvws Trust Charlty registration numb•r. SC711289 Company rnglstratlon numb•r. SCO51501 Reglstsred and prlficlpal offlce: Hoty Trinrty Parish Church South Street Sl And(e•VS KY16 9NL Dlrectorg and Trust8e•: The following have served a$ trustees from 1 January 2025 to the dale of approval of the Accounts, except a8 shown.. D Grah8m Wnd D Granger Brash Dorolhea M M Morrison David R Straehan (nominated by the Ci)mmunity Council of the Royal Burgh of Sl Andrew81 mhael J H CarsLqw Inominaled by Boarhills. Dunino and St Andrew$'. Holy Trinity Church of Scolland Kirk Session) lappoinled 8 January 2025) lappoinled 10 April 2026) lappoinled 10 Apnl 2026) (Company Secretary) Patricia M Carthness Alison M Wnd lan A Hamitton Indopendent Examlner: Louise F McKay, CA Henderson Black & Co Chartered Aecountants Edenbank House 22 Crossgate Cupar Frfe KY155HW STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees, who are aL80 the directors, are responsible for preparing the Trustees Report an¢J the financial statements in accOrdare wrth appluble law and United Kingdom Aceounting Standard5 (United Kingdom Generalty Accepted Accounting Practi}. In preparing these accounts, the truslees are required to". - sekct suitable accounting poIleS arKI then appty them consislentty and observe the rnethods and principles in the Chartties SORP..
HOLY TRINITY ST ANDREWS TRUST (COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 - make judgements and ests'mates that are reasonable and prudent". -state whether applicable accounting standards have been followa, subied to any material departures disclosed and explained in the accounts. - prepare the accounts on the going coneern basis unless it 15 inappropriate lo presume that the charty will continue in operation. The Iruslees are responsible for keeping proper xcounting records which dtsclose with reasonable accuracy al any lime the financial posrtion of the charrtable company and the group and which enable them to ensure that the accounts ccmmpty with the Companies Atl 2006, the Charities and Truste& Investment Iscotlandl Act 2005 and the charrt Accounts Iscollandl RegUtnS 2006 las amended). They are also reSpOnsle for safeguarding the assets of the charity and hence for taking re850nab $lep3 for the prevention and detection of fraud and other irregulant*s. The Iruslees are responsible for the maintenance and integnty ofthe corporate and financial information included on the Charrtab company's web¥rte. LegiSlatn in the Unrted Kingdom governing the preparation and disseminatn of financial ststements may differ from legislation In other junsdictKins. This report was approved on 11 August 2026. Signed on behalf of trustees D Graham Wy Trustee O Grnnger Brash TrustQO
HOLY TRINITY ST ANDREWS TRUST
ICOMPANY UMITED BY GUARANTEE)
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF
HOLY TRINITY ST ANDREWS TRUST
I report on the aceounty of the charty for the year ended 31 December 2025 whh are set out on pages
61011.
Respèctive Responsibiliti of the Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms
of the CharitS and Trustee Investrnenl (Scotlandl Act 2005 and the CharitEs Acwunls (Scollandl
Regulations 2006 {as amended). The charrty's trustees consider th81 the audrt requirement of
Regulation 1011 Ila) lo {¢) of the Accounts Regulations does not apply. It is my responsibility lo exarninè
and report on the accounts under section 44111{cl of the Ad and to stale whether particular matters
have ¢cYne lo my attentK)n.
Thts report 1$ made lo the trustees. as a bc<ty. in accordance with the terms of my engagement. My
Work has been undertaken so that I Mh1 $tsle to the trustees those matters l am required lo stale lo
them in an independent examiner's report and for no other purpose. To the fullest extent pemiitted by
L8w, I do not aecepl or assume responsibilty lo arwone other than the Charty and the trustees for my
Wofk oi for this report.
Basis of Indgpondgnt Examlnorfs Statoment
My examination is earned out in accordance wrth Regulatw)n 11 ol the Charties Accounts (Scollandl
Regulations 2006 las amended). An examination include5 a reviow of the accounting records kept by
the charity and a comparison of the accounts presented wrth those records. It also in¢ludg$
¢onshderation of any unusual Items or disclosures in the accounts, and seeking explanations from the
Iruslees concerning any sueh matters. The procedures undert*en do not provide all the evidence that
would be required in an audit, and consequentty I do not expre$$ an audrt opinion on the view given by
the aceounl¥.
Indgpendgnt Examlnorfs Slatement
In tho ¢our8e of my examinatn rK) malter has come to my attention..
1. Which gwe8 me reas
HOLY TRINITY ST ANDREWS TRUST {COMPANY UMITEO BY GUARANTEEI STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 2026 2024 Income and endowments from: Donations and legleS Charitable activities 1.214 7.045 1,752 12,160 Totsl Income 8,259 13,912 Expendlture on: Charrtable activ.0$ 5,111 7.424 Total Expendlture 5,111 7.424 Net Incom&ll•xpendtture 3,148 6,488 Transfers between furbds Net movement In funds 3148 Rècon¢lll•tlon of funds: Totsl funds brought forward 13,274 6,786 Total funds Carti forward 13274 The notes on pages 9 10 11 fomi part of these xcounts. The Statement of Financial ActNilies also compl*s wrth the requirements for an income and expendf(ure account under the Conpanio$ Act 2006. All actNrtigs are continuing. All funds aro unrgslricted.
HOLY TRINITY ST ANDREldS TRUST (COMPANY UMITEO BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2025 Total 2025 Total 2024 Not• Flxed A¥s¢ts Tangible Flxed Asse18 750 Total Flxed A88ets 750 Curr•nt A8Mt• Debtors Cash at bank atrvj in han 2,83S 11.509 18,032 Total Cur¥•nt A••et• 18,032 14,344 Llablllt Creditors due wlthin one year {2,1101 11,8201 N•t Curr•nt A•••t• IS,922 12,524 Total au•ts IM• ¢urnnt Il•bllltl 16,422 13,274 Tot*1 not a•••ts 16.422 f3,274 Tothl charlty fund• 16.422 13,274 Th& not&$ on pages 9 10 11 fomi part of these accounts. For the ffinancial yeor ended 31 Oecember 2025 th8 C4Jmpany was gnuvgd lo exemption from audft under Sectn 477 01 thè Compwie$ A¢t 20C6 relating to small companies. Directors, responslbllllas.. No member h8$ required Ihe company to obtain an audit of ts financial $tslewnl$ lor the year in quests.on In accordance wrth se¢tk)n 476.. Th• directors aCknOedge their re5pons1brfes for Cornpng with Ihe requlrements of the Companies Act 2006 wrth respect to accounling rg¢ords and the preparation of financial statements. These financial statements have beèn prèpared in 8¢zordance with the special provisions r&lallng lo small companies vthhin Part 15 01 thè Companie5 Act 2006. Approved by trustee6 on 11 August 20 and s9ned on their behall by. D Grdham Trustee D Granyr Brash Trustee Company Reg tration No SC711289
HOLY TRINITY ST ANDREWS TRUST (COMPANY LIMITED BY GUARANTEEI STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 Total Fund¥ 202S Totsl Funds 2024 Net cash pro¥ld•d by op•rnOng aetl¥ltl• 8.523 7.468 Ca•h Ilow• from InvKtlng a¢tlvltl••: Purchase of fix&Y a&8ets ¢a•h u••d In InvMtlnq •ctlvStl•• Ch4nq? In ca¥h and c••h •qulv•l•nts In th• r 8,523 7,468 Cash and ¢8sh equivalents broughl ft)rward 11,509 4,041 Ca•h and ¢••h •qulv•l•nt• c•ffl•d lonv•rd 18.032 11,509 Anal1¥ of ¥h and •h •qubv•l•nts Cash al bank and in hand 18,032 11,509 Total eah and ealh •4ulTAl•nts 18.032 11,509 R•coneSllatlon of n•t In¢om• to n•t h flow Irom op•ratlng actMtI•• N?t Incom• lor th• y•ar (•• p•r th• •tat•m•nt of financlal a¢VItI•I Adlu8lmènts for: DepreCjan charyJ8S Dec$$ In debtors Incre$ in credrtors 3,148 6.488 250 2,835 290 250 N•t esh provldod by opernllng •ctSvlll•• 8.523 7.468 An•tysls of ehanw In n•t d•bt At start Non ¢a•h of year C•8hfiows ehang•• At •nd of yOAr Cash and cash equNants". Cash at bank and in hand 11,509 6.523 18,032 11.509 6.523 18,032
HOLY TRINITY ST ANDREWS TRUST (COMPANY UMITED BY GUARANTEEI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 A¢¢ounting Polici Holy Trinity St Andrew5 Trust is a private lapanY limrted by guarantee 1ncA)rp)ratj in Scolland. Thè registered Offi is Hoty Trinrty Parh Church. South Street. St Andre. Frfe. KY16 9NL. The princApal accwnts'ng pdiaes adopted. judgemènts and key sour¢e$ of estimation uncertainty in the pparatIOn of the financAal statements a as folkJvs." 1.1 Basil of pr•paration The financial statements have pr8par•J in accortlahcè vAth Atsounling and ReFKJrting by Charities.. Statement of Reec¥nmended Pr8cbce applic8bk lo chanbes prepanng their accounts in accordance wbth th8 Financial Reporbng Stsndard appIe in the UK and Republic ol Ireland IFRS 1021 (èffècti 1 Janv8ry 20191 . Icharitses SORP IFRS 1021. the Finanaal Raportityd Stsndard applI¢&b in Ihe UK 8nd ReputlC of Ireland IFRS 102). Holy Trinity StAndrth•8 Twst meets tha dttfinitn ofa public benefit anw under FRS 102. The counts have been prepar•J ur*J8r Ihe historical CAJSt conv8ntion. The finarlar stalements aro prepar8d in st8diro. is tho frJnth"onal ¢urron¢y of the enlty and the
mounts reported are rounded lo the are$l £
Th• Truste•s that Ihtrrv are no matorial uncertainties that woukl bad to qUe81ion th• charws abilty to continue as a goirvJ corthm. 1.2 Fund• Unre5trided fvnds are avwlabl8 to spond on aciiwbes that lurthar any ol the purpo$&s of tho ¢h8rity, Restn'ct8d lun¢ts ar& grants and donat5 donor has speafied are to b8 8018ly us•d for particular areas ol the charity's woth or lor speafic projects ting undartaken. All lund$ h¢ld by the ¢h•rty 4r• unrestricbd. 1.3 Incom• Income is r8cognis•d vth8n t chath ha$ ontiY¥yn¢nt lo tho Ir¢M&. il 18 prrt)ab that the income will Teld aThJ the OUnt can b8 moasured r8lMbty. 1.4 Exp•ndltur• ExF•ndilure is recogntsed ore Ihere is a legal or constructive oblwjation to mak8 a paymgnt to a thlrd paty. rt L8 probabb that setuement wll be required aThY the amount of the obligation can b8 measured reliabty. 1.5 Tnglbl• flx•d 8••ts *nd d•pv•¢l•tlon Tangible fixed assets other than Imhokj Ignd arÈ $tsted al cost or v8luation less depreriation. Depreciabon Is prow¢Jed at ratss calculated to writ• off th• cost or v8lu•bon lo estsm8ted Tesidual v8lu& ol eath asset over rts ewecknj usehjl lrfe. as follows" EqUIent, fiXreS and fftb'Th>- stravJht ITh over S years 1.7 Fln•nelal in•trum•nts The charty only has finan81 assets and ffinanaal lithlths of a kind bthich qualify as basie finanaal Instruments Ba51¢ financial in5trurnents are Inthamy reo>Jnised at transactKJn value and subsequently Measu 8t thèir settlement value 1.8 Taxation The company is a registered charrty aThJ, as such, is rnpl tAx8b"on on any surplus
HOLY TRINITY ST ANDREWS TRUST (COMPANY LIMITED BY GUARANTEEI NOTES TOTHE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 DEceMBER 2025 Judggment8 and key $ourc•8 of e8thnatlon uncertalnty In the applicaty.on of the charths. a¢xounling polic4es. the Tnjstees are required tr) make judgements, ¢stsm85 and assumpbons about the car.ng amount of assets aThJ Iiabilib"e$ th8t are not readi appar8nt othèr sour. The esbmates and assoaated assumptsons are basèd on historical expenence and other tsctors that are considefwj to be reJ8vant. A¢tU81 resutts may differ frorn these estirnates. Accnjals Trustees estinats the requirements for accmjals LtslThJ Post yeard inlorrn8b.on This identifS costs that 8re ewecaed to be incurreLI for servIS prowded by Olher pa.•$ A315 8rg only reaSed when there $ a r9asonable exFctsbon that these COBts wll be InVod In thè futur8. Log•1 of th• ch•rtty chanty Is Iimitad by guarantso has Share capital. The Iwbilty of each mambar In thè event ol ¥ vnnoino-up 1$ limited to £1. Tru•t••• The key manwment personnel of the chanty ara th8 trust*s. No key managerngnt pernonnel received rernuneratk in the year12024- nil). No eyFen5eg pwd to trusle8s in the year12024. nill. Dumo Ihe year the trustees made donations to the chanty of £nil12024- nill. T•nglbh fix•d ••••ts Plan( oqulpm•nt
nd fittlng•
2025 Plant, •qulpm•nt and IlttJng• 2024 Totsl 2025 Totsl 2024 Co•t or valuatlon At 1 January 2025 A(SJibons 1.250 1,250 1.250 1.250 Al 31 0ocmt4r 2025 1.250 1,250 1.250 1.250 Dpf*¢l•tlon At 1 January 2025 char lor yeaf At 31 D•c8mb8r 202S 250 250 250 250 250 250 750 750 soo N•t Ik At 31 D¢tsmber 2025 SC 500 750 750 At 31 Dmber 2024 750 750 1,000 Oobtor¥ 2026 2024 Trade debtors 2.835 2,835 io
HOL Y TRINITY ST ANDREWS TRUST (COMPANY LIMITED BY GUARAKfEEI NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Crodttors.. amounts l•lllng within one year 2025 2024 Trade (xedrto Arual8 670 1.440 1.440 2.110 1,820 Volunteers The chanty beneffts greaty from the in¥ofvem8ni ol voluntOW5 who o)ntribute svJnificanly towards meeb'ng the objectives ol the chanty. DotAll•d In¢orn• •nd •xp•nditur• account Total Fund8 2026 Total Funds 2024 Incom• from.. Donatlon8 and *4¢10• DonatIcS from tours ¥ThJ tslk8 Concert co1cOnS 470 1,282 1,752 1,214 1,214 Concert tsality Sponsorship 6,695 350 12,C60 100 7,045 12,160 Tolal In¢om• 8,259 13.912 Exp•ndliw• on: Ch•rftabl• actfvltl Holy Trinty- concert CCIntrIJITh and hall hir• C8$ual labour and travel eXn Ind¢wndent eInaln fo8 rèc18tion 0th8r •ynsos 3,210 183 1,434 250 5.420 340 1.380 250 5.111 7.424 Totsl •xp•ndlbJr• Surplu• 5.111 7.424 3.148 6.488 li