Page I APPENDIX 1 oscr,- Peri(yJ start data Morth Perirxl end date Month Y 25 Day 31 Office of the Scottish Charity Regulator Reference and administration details Charlty nam• Other names charlty Is known Brae Marina SCIO RegIStsr charlty number Charlty'8 prfnclpal addrn8S SC 051513 South Hou80 Muckle Roe I Shetland Po8tcoda ZE2 9QW Name8 of the charfty iruslw8 on date of approval of TruBt••8' Annual Report Trustee name Offlco (If any) Nam• of p•r•on . (or body) 6nlltled tb not for whole y8ar Chairman ( Trustee ) Secretary ( Tru8t68) Trea8urer ( Tru8tee ) Board Member (Trustee) Board Membar (Trustee) Board M8mber {Trustee) Board Member (rrusteè) 8oard Member ITrustee) Board Member (Trustee) Slnce 16105
Page 2 APPENDIX 1 Reference and administration details Name8 of all other charity trustees durfng the period, rf any. (for example. those who resigned part way through the financial period) Structure, governance and management Type of govornlng document Constitution of Br89 Marina SCIO . Scottish Ch8ritabl8 Inrnrporated Organisalion since 19101r22 . Trustee recrultmonl and appolnlment Trustees ar8 proposed and elected each year from the Membership of the Brae Marina SCIO al the Brae Marina SCIO Annual General Members Meeting . Objectives and activities Charltable purposes The advancement of public participalion in sport. The provision of recreational faciliti88, or the organisation of recreational aclivities. with the object of improving the conditions of life for the persons for whom the faalities or aclivities are primarily intended . Summary of the main aciivlties In relation to these objects l The development of Brae Marina. Brde. Sheffand as a community asset I or public recreational boating to encourage all forms of the sport of . I boating and the advancement of public participation in maritime sport The Marina provides secure Iloating pont(x)ns inside a Breakwater launch and retrieval point , boat storage I work area and has provision for visiting boats .
Page 3 APPENDIX 1 Achievements and performance Summary of the main achievements of the charity during the financlal period The Marina has again proved to be very Fx)pular. operating at full capacity with all berths taken. The Marina w8s able to provide free berihing for Ihe adjacent Sailing Clubs rescue boat used for junior sail training. The Marina welcc*ned and provided borthing foT a number of vislting yachts. Lifting . inspection and resetting of th8 twenty six concrete anchors was carried out successfully along with replacemeni of th8 attachmenl chains and ropes . The Marina was able to assist UHI Shet18nd (Scalloway Campus) in their research on sea water quality by allowing thern free access to the pontoons to take water samples and to deploy marine growth boards. All Ilghting w88 Changed to LED . Financial review Brlef statement of the charW8 policy I on reservo8 The greatest known futur8 expenditure that the Trustees of The Brae Marina SCIO will have to make is the replacement of the Pontoon Systems when th8 present ones reach the end of their seNice life (estimated total service life of 30- 35 years, pontoons were installed in 2007). The trustees of the Brae Marina have therefore set a target fund growlh of £5600 per year to fund I part I fund this known future expenditure. This policy was put in place in 12017 prior to the Brae Marina becoming a SCIO. A minimum of £15000, equal to approx. one year 8xpenditure, will I be maintained in case of any unforeseen drop in income and use to cover such an event. This is sum will be reviewed yearly.
Page 4 Detalls of any deficlt Donated facllftles and servlces (11 any) APPENDIX 1 Other optional information Declaration The trust$ declare that they hav• approved the trust8eS' rnport abovo. Slgned on behalf ol the charity's trnst•¢s. Slgnaturn(s} Full name(s1 Posltlon (e.g. Chalr) Chaimian l Trustee Treasurer l Trustee Dat• L5 J&107 (75-
Brae Marina SCIO PUoU Page 1 of 6 Recei sand nts accounts SC 051513 OSCR S(ottish Charity ReguL4tor 25 Sectioii A Statement ol receipts aiid payments Tolal f4nls Tot41 fwxls last Al Rrt• Donats Grort8 9.744 3.333 3.330 LI1 aThJ 642 Rents fr(41 & ixJr¥Js 187 2S187 23.349 Al Sub tolal 29J02 37.065 137 137 A2 Suh lotal 137 137 Tolal rnc•lpts 29.499 29,499 37,005 A3 Payments 20.993 33.074 Gr8rt8 8rn1 f)nalbJM Legal ct)Ats A3 Sub iotsi 20.993 33.074 A4 Paymerts to •swt •nd Inveslmert mobymw A4 Sub lofal 20,993 33,074 3.991 AS Trnn8fevs to I Ilrm) fund• Stsrylus 1{deftch) for)wr 3.991
PAarina SCIO Accwnts P Section B Statement of balaii ces 2of6 SC 051513 Dptall B1 C46h 3.991 .17• 91.17• 81673 •C¥%yA•)) To•1 D•i•ll• 170.106 O*ts
Brae Marina SCIO Accounts Page 3 of 6 SC 051513 Section C Notes to the Accounts C1 Nalure and purpose of funds (may be stated on analysts of funds wDjkShtsj Apart fmm ts £943 carrfed over from laslsJars Grnnt from the ShellaThl C(MMiunlly Benelll Fund I Vtklng Type of acllvlty or project 5UPPOrted C2 Grants Tolal C3a Tru8ts• r•muneratlon Authorlty under whlch pald C3b Trnsts• remunoraUon- d•lai18 (011)onwi8e cthwelo ton 4b) C4b Trustee expensag - delails Nature of relatlonshl Nature of lyansactlon Jl •nd C6 Trnnsactions with tru5tee# and connected persons C6 Olher Infomwllon
Brae Marfna SCK) P£cnts Page 4 of 6 SC 051512 Additional analysis111 Anatysts ol rK•lpts aml pAym•rf# T• 2 Grnnts 9.774 Totsll••t 10 •M20 11 Py Dthlng Cth 138 JJJO 30 T1 24117 IS,187 97 6J7 8,02S 8.026 102 810 EJ*iiic 491 801
SC 051513 Additional analysis 121 4333 JJ33 11.600 3.9x1 pa1 m1• ty mW0 138 Sdg Lrf 137 137 137 fjo Suipi*lld•lW lory•v offvn
Brae Harlna SCKJ Pagè 6 (rf 6 SC 051513 Additional analysis131 744 R18 kn L•¥J &toJ4d' 9.744 744 blolal Tr4n•l•r• tolllml lur m[*nd offvThJ¥
APPENDIX 3 OSCR SCOtth Chanty Reguktor Independent examinerfs report on the accounts Roport to th• trust••slmembers of Bra8 Matha SCIO R•gistered chaiity SC 0513 number On the ac¢ouirts of the charity for the period PtrK>d start date Perfod end date Y•ar 01 2024 31 2025 Sot out on page8 1 to 6 responsibilities of cons#kn that the audit requtsrnnt of Regulakn 10(1) (d) ol Ihe AcyJ)unts Regulations does not aFffjty. It is my re$wl71ty to examne the aunts as requred under se10n 4411) (c) of the Act and lo st0 partMlar have qxyne to my attentk)n. Basls of Ind•pndent My examinalion18 cwriod lxrt wilh Rla1 11 of the 20[ A(xx)unt8 examlnevs statemonl Regul&lion8. An examinalK a revi8w of kept by the charity and a comparis<¥n of tha a(xnts present1 V1h IIM)ge rnrds. It a180 include8 explana1$ from Ihe Insstees any matter6. The procedures undertaken do rnt WOVKle all the evxl&Kx thal vmwkl bo requwgd in alit and, n88quently, I do iiot eypress an audil opinion on th8 vi8w by tho a(xThints. Indepond•nt examlnevs In the cowse of my exwn1na1K. no matter hats come to my [other than that statement dtsclosed on Ihe attathed p461 which gives me r8as(Thble U8• to beli8vo Ih8t in ary maternl re8PeL tho wirements: lo keep aixxwnling recoTd8 In acThXdan( wilh sedK)n 44(1) (a) of th8 25 Act and RegulalN)n 4 of Ihe 21Th RegulalwTh. arnl to prepare a(xx)unts which ac¢xKd with the a(1x>ng reuxds arKI (xymply wlth Regulation 9 of th8 2(Th A(xwrts RW have not been meL or 2. to which. In my opinion. allent1 should in order to enable a proper Iindp.rqlgndin Slgned: Name: Relevant profgssional quallfication(s) or body (rf any):