IRIS Accounts Production v25.2.0.378 Other Company accounts True false Pounds 1.7.24 30.6.25 30.6.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true false true false true 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC220260 2024-06-30 SC220260 2025-06-30 SC220260 2024-07-01 2025-06-30 SC220260 2023-06-30 SC220260 2023-07-01 2024-06-30 SC220260 2024-06-30 SC220260 ns0:CharitableCompanyLimitedByGuarantee 2024-07-01 2025-06-30 SC220260 ns15:PoundSterling 2024-07-01 2025-06-30 SC220260 ns11:FRS102 2024-07-01 2025-06-30 SC220260 ns0:IndependentExaminationCharity 2024-07-01 2025-06-30 SC220260 ns11:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 SC220260 ns11:FullAccounts 2024-07-01 2025-06-30 SC220260 ns0:CharitiesSORP 2024-07-01 2025-06-30 SC220260 ns16:EnglandWales 2024-07-01 2025-06-30 SC220260 ns11:RegisteredOffice 2024-07-01 2025-06-30 SC220260 ns0:Trustee1 2024-07-01 2025-06-30 SC220260 ns11:CompanySecretary1 2024-07-01 2025-06-30 SC220260 ns0:Activity8 2024-07-01 2025-06-30 SC220260 ns0:Activity8 2023-07-01 2024-06-30 SC220260 ns10:WithinOneYear 2025-06-30 SC220260 ns10:WithinOneYear 2024-06-30 SC220260 ns0:TotalUnrestrictedFunds 2025-06-30 SC220260 1 2024-07-01 2025-06-30 SC220260 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 SC220260 2 2024-07-01 2025-06-30 SC220260 3 2024-07-01 2025-06-30 SC220260 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-06-30 SC220260 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2025-06-30 SC220260 ns10:LandBuildings ns10:OwnedOrFreeholdAssets 2024-06-30

REGISTERED COMPANY NUMBER: SC220260 (Scotland)

REGISTERED CHARITY NUMBER: SC031766

| REPORT OF THE TRUSTEES AND |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

| FOR |

| BRAEVAL TRUST |

| BRAEVAL TRUST |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 30 JUNE 2025

| Page |

| Report of the Trustees | 1 |  | to |  | 2

| Independent Examiner's Report | 3 |

| Statement of Financial Activities | 4 |

| Balance Sheet | 5 |

| Notes to the Financial Statements | 6 |  | to |  | 9

| BRAEVAL TRUST (REGISTERED NUMBER: SC220260) |

REPORT OF THE TRUSTEES

for the year ended 30 JUNE 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives, aims and activities

The charity's objects and main activities for the year were those that:

Promote, maintain, improve and advance the education of adults, children and young people particularly by encouragement of the study of the nature and historical heritage of Braeval, Aberfoyle and its environs.

Significant activities

The charity continues to protect and maintain an area of land purchased in 2003 for the benefit of the local community.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The trustee has continued to maintain the land owned by the charity on behalf of the local community.

FINANCIAL REVIEW

Financial position & reserves

During the year, the charity incurred a deficit of £1,201 (2024-£393 surplus), resulting in a closing Funds position of £1,898 (2024-£3,099), all of which is Unrestricted. Due to the nature and purpose of the charity, there are generally very few transactions other than donations from the trustee, secretary, and others in the local community, in order to cover charity expenses.

Reserves policy

It is the aim of the trustee to carry sufficient reserves in order to meet the on-going operational costs of the charity. A monthly contribution plan is in place in order to meet the desired level of reserves.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity was established under a Memorandum of Association, which establishes the objects and powers of the company and is governed under its Articles of Association. The company is a charitable limited company, limited by guarantee, as defined by the Companies Act 2006.

In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

Members wishing to become trustees must be recommended by the board, or proposed by a fellow member of the charity, in advance of the general meeting. The member then stands for election at a general meeting.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC220260 (Scotland)

Registered Charity number

SC031766

Registered office

4 Braeval

Aberfoyle

Stirling

FK8 3UY

| BRAEVAL TRUST (REGISTERED NUMBER: SC220260) |

REPORT OF THE TRUSTEES

for the year ended 30 JUNE 2025

Trustees

Martin Young Plantsman

Company Secretary

Christine Franks

Independent Examiner

Thomas Barrie & Co LLP

Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

Approved by order of the board of trustees on 5 September 2025 and signed on its behalf by:

Christine Franks - Secretary

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

BRAEVAL TRUST

I report on the accounts for the year ended 30 June 2025 set out on pages four to nine.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) 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 the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeking explanations from you as trustees concerning 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 given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

(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 to comply with Regulation 8 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 understanding of the accounts to be reached.

Martin Greig BA CA

The Institute of Chartered Accountants of Scotland

Thomas Barrie & Co LLP

Atlantic House

1a Cadogan Street

Glasgow

G2 6QE

5 September 2025

| BRAEVAL TRUST |

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 30 JUNE 2025

| 2025 |  | 2024

| Unrestricted |  | Total

| fund |  | funds

| Notes | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 1,450 |  | 745 |

EXPENDITURE ON

Charitable activities

General expenditure | 2,651 |  | 352 |

NET INCOME/(EXPENDITURE) | (1,201 | ) | 393 |

RECONCILIATION OF FUNDS

Total funds brought forward | 3,099 |  | 2,706 |

TOTAL FUNDS CARRIED FORWARD | 1,898 |  | 3,099 |

| BRAEVAL TRUST (REGISTERED NUMBER: SC220260) |

BALANCE SHEET

30 JUNE 2025

| 2025 |  | 2024

| Unrestricted |  | Total

| fund |  | funds

| Notes | £ | £ |

FIXED ASSETS |

Tangible assets | 5 | 1,000 |  | 1,000 |

CURRENT ASSETS |

Cash at bank | 1,186 |  | 2,369 |

CREDITORS |

Amounts falling due within one year | 6 | (288 | ) | (270 | )

NET CURRENT ASSETS | 898 |  | 2,099 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,898 |  | 3,099 |

NET ASSETS | 1,898 |  | 3,099 |

FUNDS | 7

Unrestricted funds | 1,898 |  | 3,099 |

TOTAL FUNDS | 1,898 |  | 3,099 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 5 September 2025 and were signed on its behalf by:

Martin Young - Trustee

| BRAEVAL TRUST |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 JUNE 2025

1. | STATUTORY INFORMATION

| The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland (SC220260) and a registered charity in Scotland (SC031766). The address of the registered office is 4 Braeval, Aberfoyle, Stirling, Central, FK8 3UY.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The presentational and functional currency of the financial statements is Pounds Sterling (£).

| Going concern

| After reviewing the charity's forecasts and projections, the trustee has a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

| Financial reporting standard 102 - reduced disclosure exemptions

| The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

| • | the requirements of Section 7 Statement of Cash Flows.

| Critical accounting judgements and key sources of estimation uncertainty

| In preparing these financial statements, the trustee is required to make judgements, estimates and assumptions that affect the application of the charity's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

| There are no significant judgements or estimates used in the preparation of these accounts.

| Income

| Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

| Donations

| Donations are recognised on receipt. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until those conditions are fully met.

| Expenditure

| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

| BRAEVAL TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | not provided

| The carrying value of tangible fixed assets are reviewed for impairment if events or changes in circumstances indicate the carrying value may not be reasonable. The trustees have agreed not to provide depreciation on the land purchased as they are of the opinion that the value of the land exceeds the original cost paid for it in October 2003.

| Taxation

| The charity is exempt from corporation tax on its charitable activities.

| Fund accounting

| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

| Financial instruments

| The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents comprises cash balances.

| Creditors

| Short term trade creditors are measured at the transaction price.

| Provisions

| Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

3. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.

| BRAEVAL TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 JUNE 2025

4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted

| fund

£ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 745 |

| EXPENDITURE ON

| Charitable activities

| General expenditure | 352 |

| NET INCOME | 393 |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 2,706 |

| TOTAL FUNDS CARRIED FORWARD | 3,099 |

5. | TANGIBLE FIXED ASSETS

| Freehold

| property

£ |

| COST

| At 1 July 2024 and 30 June 2025 | 1,000 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,000 |  |

| At 30 June 2024 | 1,000 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 | 2024 |

£ | £ |

| Accrued expenses | 288 |  | 270 |  |

7. | MOVEMENT IN FUNDS

| Net |  |

| movement |  | At |

| At 1.7.24 |  | in funds |  | 30.6.25 |

£ | £ | £ |

| Unrestricted funds

| General fund | 3,099 |  | (1,201 | ) | 1,898 |  |

| TOTAL FUNDS | 3,099 |  | (1,201 | ) | 1,898 |  |

| BRAEVAL TRUST |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 30 JUNE 2025

7. | MOVEMENT IN FUNDS - continued

| Net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 1,450 |  | (2,651 | ) | (1,201 | ) |

| TOTAL FUNDS | 1,450 |  | (2,651 | ) | (1,201 | ) |

| Comparatives for movement in funds

| Net |  |

| movement |  | At |

| At 1.7.23 |  | in funds |  | 30.6.24 |

£ | £ | £ |

| Unrestricted funds

| General fund | 2,706 |  | 393 |  | 3,099 |  |

| TOTAL FUNDS | 2,706 |  | 393 |  | 3,099 |  |

| Comparative net movement in funds, included in the above are as follows:

| Incoming |  | Resources |  | Movement |

| resources |  | expended |  | in funds |

£ | £ | £ |

| Unrestricted funds

| General fund | 745 |  | (352 | ) | 393 |  |

| TOTAL FUNDS | 745 |  | (352 | ) | 393 |  |

8. | RELATED PARTY DISCLOSURES

| There were no related party transactions for the year ended 30 June 2025.