Annual Report & Accounts 2007-2008 - Historic Scotland

The Historic Scotland Foundation is a charitable trust whose objectives are to promote and
advance the work of Historic Scotland. The trustees are independent of Historic Scotland.
The Historic Scotland Foundation is working with Historic Scotland on the Stirling
Tapestries Project. Historic Scotland received £193,009 from Historic Scotland Foundation
during 2007/08.
During the year Historic Scotland entered into the following material transaction with
Ann-Marie Stannard, non-executive director. She acted as an independent consultant on
an options appraisal review. The value of these transactions within 2007/08 was £9,792.
29. Losses statement
Losses and special payments for the year total £43,000 (2006/07: £81,000).
There were no individual losses or special payments in excess of £250,000 which would
require separate disclosure.
30. Notional charges
The following notional expenditure charges have been included in the accounts:-
2007/08 2006/07
£000 £000
Interest charges 730 720
Departmental overhead 140 94
Auditor’s remuneration 72 70
942 884
A notional departmental overhead has been based on the usage of certain central services
of the Scottish Government.
Auditor’s remuneration is a notional charge, as notified to us by our auditor Audit Scotland,
in respect of audit work carried out during 2007/08. No other services were supplied by
Audit Scotland during the period ended 31 March 2008.
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