REGISTERED COMPANY NUMBER: SC257745 (Scotland)

REGISTERED CHARITY NUMBER: SC011549

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Lochaber Mountain Rescue Team

(A Company Limited by Guarantee)

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

18

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 31 December 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 and aims

Lochaber Mountain Rescue Team (LMRT) was established in the late 1960s by local climbers to help fellow climbers in difficulty in the mountains of Lochaber and especially on Ben Nevis.

Significant activities

The team was originally, and is still today, staffed entirely by unpaid volunteers. We are out in all seasons and weather conditions to assist those in need.

We provide rescue services on behalf of Police Scotland with the majority of our activity taking place on Ben Nevis (which sees hundreds of thousands of visitors per year) and the surrounding mountains in the Lochaber area.

Our area extends West to the coast and includes the Small Isles and vast wilderness of Knoydart. To the North, we cover up to Fort Augustus. We work closely with Glencoe Mountain Rescue, our neighbours to the South where the Mamore hills form our boundary. To the East we cover out to Creag Meagaidh and Corrour.

To allow us to carry out this role, the team places a strong focus on teamwork and training. We train regularly throughout the year to have a strong, resilient team, ready to be deployed as required.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Lochaber Mountain Rescue Team had a very busy 2025 with 160 callouts marking the 2nd busiest year in teams history after 2024.

These callouts were wide and varied in nature, from multi-day remote searches to technical rope rescues in all conditions.

Some long serving team members have stepped down. The 12 aspirant team members from November 2024 have generally turned out well and are sharing the load. 4 new trainee team members have started as of November.

Thanks to our retiring team members Emma Pearce, Jonathan Hart, Fi Young, Shaun Maclean and Brodie Hood for many years of service.As ever we have to give a special thanks to the families of the team members who have once again shown an incredible level of support.

We also have to thank our partner agencies, Police Scotland, Scottish Ambulance Service, HM Coastguard Helicopters and the local Coastguard Rescue Teams. Of course we would also like to thank our neighbouring teams who are always willing to help when asked.

Training - The team brought in external instructors for low ratio (1:2) Winter training. This has proven to be a success. The intention is to use external instructors in 2026 as well. This should develop team members' skill sets, including winter, water rescue and 4x4 driving.

Purchase of a new (used) Isuzu D-Max Pick-up with the aim to bring all vehicles into ownership to reduce leasing costs

Fundraising - In 2025 the team started a focused fundraising campaign to pay for a new AWD communications vehicle/ambulance, which raised approximately £37k during this year and is still going. In addition to this the team is continuing to actively raise general funds.

The team now has associate members working towards raising funds for the charity. This is proving to be a huge help

FINANCIAL REVIEW

Financial position

At the year end the charity had total reserves of £1,053,324 (2024 - £971,009), of which £993,559 (2024 - £963,337) was unrestricted and £59,765 was restricted (2024 - £7,672). The charity had £369,794 (2024 - £291,540) of cash in the bank, of which £323,769 (2024 - £283,868) was unrestricted.

Reserves policy

The charity does not have a reserves policy.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

New Trustees are drawn from those who have already volunteered as team members and gained sufficient experience. New Trustees are nominated and voted into position at a General Meeting and are offered support and assistance as required.

Organisational structure

The committee consists of 6 directors, the team leader, two deputies, secretary, treasurer and training officer as well as 9 ordinary members.

The committee meets regularly throughout the year to discuss the operation, management and planning for the future of the team.

Induction and training of new trustees

New trustees are drawn from those that have volunteered as team members for several years and therefore they are already familiar with many aspects of the charity. New trustees are directed towards the guidance at the OSCR website on duties and responsibilities of a trustee as well as being provided with a copy of the charity's constitution.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC257745 (Scotland)

Registered Charity number

SC011549

Registered office

Lochaber Mountain Rescue Team Base

Glen Nevis Business Park

Fort William

PH33 6RX

Trustees

A Cameron

J R J Cooper

J J Hepburn

G Macmillan

I R Murray

Dr I J Pooleman

Company Secretary

Dr I J Pooleman

Independent Examiner

David Ross CA

Mackay & Co CA

120 George Street

Oban

Argyll

PA34 5NT

Approved by order of the board of trustees on 30 July 2026 and signed on its behalf by:

I R Murray - Trustee

I report on the accounts for the year ended 31 December 2025 set out on pages six to eighteen.

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.

David Ross CA

The Institute of Chartered Accountants of Scotland

Mackay & Co CA

120 George Street

Oban

Argyll

PA34 5NT

Date: .............................................

31.12.25

31.12.24

Unrestricted

Designated

Restricted

Total

Total

fund

funds

fund

funds

funds

Notes

£

£

£

£

£

INCOME AND

ENDOWMENTS FROM

Donations and legacies

2

124,863

-

52,093

176,956

172,772

Charitable activities

4

General activities

71,881

-

-

71,881

34,807

Investment income

3

4,735

-

-

4,735

948

Other income

2,000

-

-

2,000

833

Total

203,479

-

52,093

255,572

209,360

EXPENDITURE ON

Raising funds

468

-

-

468

-

Charitable activities

General activities

110,828

61,961

-

172,789

197,917

Total

111,296

61,961

-

173,257

197,917

NET INCOME/(EXPENDITURE)

92,183

(61,961

)

52,093

82,315

11,443

Transfers between funds

13

(63,140

)

63,140

-

-

-

Net movement in funds

29,043

1,179

52,093

82,315

11,443

RECONCILIATION OF

FUNDS

Total funds brought forward

700,512

262,825

7,672

971,009

959,566

TOTAL FUNDS CARRIED FORWARD

729,555

264,004

59,765

1,053,324

971,009

31.12.25

31.12.24

Unrestricted

Designated

Restricted

Total

Total

fund

funds

fund

funds

funds

Notes

£

£

£

£

£

FIXED ASSETS

Tangible assets

8

653,651

-

-

653,651

636,238

CURRENT ASSETS

Debtors

9

48,141

-

-

48,141

48,078

Cash at bank

46,025

264,004

59,765

369,794

291,540

94,166

264,004

59,765

417,935

339,618

CREDITORS

Amounts falling due within one year

10

(4,805

)

-

-

(4,805

)

(4,847

)

NET CURRENT ASSETS

89,361

264,004

59,765

413,130

334,771

TOTAL ASSETS LESS CURRENT LIABILITIES

743,012

264,004

59,765

1,066,781

971,009

CREDITORS

Amounts falling due after more than one year

11

(13,457

)

-

-

(13,457

)

-

NET ASSETS

729,555

264,004

59,765

1,053,324

971,009

FUNDS

13

Unrestricted funds

993,559

963,337

Restricted funds

59,765

7,672

TOTAL FUNDS

1,053,324

971,009

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 July 2026 and were signed on its behalf by:

G Macmillan - Trustee

1.	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.

Going concern

There are no material uncertainties about the charity's ability to continue.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from donations or grants are recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Legacy income is recognised when receipt is probable and entitlement is established.

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.

Raising funds

Expenditure on raising funds includes the costs of all fundraising activities, events, non charitable trading activities and the sale of donated goods.

Charitable activities

Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

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

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

2.	DONATIONS AND LEGACIES

31.12.25

31.12.24

£

£

Donations

175,956

95,869

Legacies

1,000

76,903

176,956

172,772

3.	INVESTMENT INCOME

31.12.25

31.12.24

£

£

Bank interest

4,735

948

4.	INCOME FROM CHARITABLE ACTIVITIES

31.12.25

31.12.24

Activity

£

£

Grants

General activities

68,828

32,807

Hire of property

General activities

-

2,000

Product sales

General activities

3,053

-

71,881

34,807

Grants received, included in the above, are as follows:

31.12.25

31.12.24

£

£

Scottish government

21,480

25,897

SSE

6,592

500

Police Scotland

13,241

6,410

Morrisons

4,470

-

Scottish Mountain Rescue

12,793

-

The Energy Savings Trust

10,252

-

68,828

32,807

5.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.25

31.12.24

£

£

Depreciation - owned assets

55,045

47,382

Surplus on disposal of fixed assets

(2,000

)

(833

)

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Two team members received travelling expenses of £194 for travelling to training courses in the year.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Designated

Restricted

Total

fund

funds

fund

funds

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

160,422

-

12,350

172,772

Charitable activities

General activities

34,807

-

-

34,807

Investment income

948

-

-

948

Other income

833

-

-

833

Total

197,010

-

12,350

209,360

EXPENDITURE ON

Charitable activities

General activities

193,239

-

4,678

197,917

NET INCOME

3,771

-

7,672

11,443

Transfers between funds

(262,825

)

262,825

-

-

Net movement in funds

(259,054

)

262,825

7,672

11,443

RECONCILIATION OF FUNDS

Total funds brought forward

959,566

-

-

959,566

TOTAL FUNDS CARRIED FORWARD

700,512

262,825

7,672

971,009

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

669,124

99,160

30,265

Additions

4,794

4,855

25,630

At 31 December 2025

673,918

104,015

55,895

DEPRECIATION

At 1 January 2025

143,476

47,262

27,739

Charge for year

10,608

14,188

6,407

At 31 December 2025

154,084

61,450

34,146

NET BOOK VALUE

At 31 December 2025

519,834

42,565

21,749

At 31 December 2024

525,648

51,898

2,526

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

121,213

27,513

947,275

Additions

36,995

184

72,458

At 31 December 2025

158,208

27,697

1,019,733

DEPRECIATION

At 1 January 2025

68,458

24,102

311,037

Charge for year

22,438

1,404

55,045

At 31 December 2025

90,896

25,506

366,082

NET BOOK VALUE

At 31 December 2025

67,312

2,191

653,651

At 31 December 2024

52,755

3,411

636,238

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

16,481

-

VAT

28,120

35,686

Prepayments and accrued income

3,540

12,392

48,141

48,078

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts (see note 12)

1,921

-

Trade creditors

1,884

3,947

Accrued expenses

1,000

900

4,805

4,847

11.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Other loans (see note 12)

13,457

-

12.

LOANS

An analysis of the maturity of loans is given below:

31.12.25

31.12.24

£

£

Amounts falling due within one year on demand:

Bank loans

1,921

-

Amounts falling between one and two years:

Other loans - 1-2 years

5,772

-

Amounts falling due in more than five years:

Repayable by instalments:

Other loans more 5yrs instal

7,685

-

13.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.1.25

in funds

funds

31.12.25

£

£

£

£

Unrestricted funds

General fund

700,512

92,183

(63,140

)

729,555

Medical equipment

4,800

(3,760

)

3,760

4,800

Communications

3,575

(5,119

)

6,298

4,754

Equipment

19,500

(10,931

)

10,931

19,500

Training

14,950

(2,805

)

2,805

14,950

Vehicles

90,000

(31,431

)

31,431

90,000

Maintenance

90,000

(7,915

)

7,915

90,000

Financial stability and sustainability

40,000

-

-

40,000

963,337

30,222

-

993,559

Restricted funds

Restricted

7,672

52,093

-

59,765

TOTAL FUNDS

971,009

82,315

-

1,053,324

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

203,479

(111,296

)

92,183

Medical equipment

-

(3,760

)

(3,760

)

Communications

-

(5,119

)

(5,119

)

Equipment

-

(10,931

)

(10,931

)

Training

-

(2,805

)

(2,805

)

Vehicles

-

(31,431

)

(31,431

)

Maintenance

-

(7,915

)

(7,915

)

203,479

(173,257

)

30,222

Restricted funds

Restricted

52,093

-

52,093

TOTAL FUNDS

255,572

(173,257

)

82,315