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|Trustees' report||||
|Trustees'<br>responsibilities||in ralston tothe accounts||
|Independent<br>Auditors'|report||4-7|
|Statement offinancial|activities|||
|Balance sheet||||
|Notes to the accounts|||10—13|





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SCOTT (EREDINE) CHARITABLE TRUST
INDEPENDENT AUDITORS, REPORT (CONTINUED)
TO THE TRUSTEES OF scorr (EREDINE) CHARrfABLE TRUST
Ext•nt to whlch Ihts audit *a8 conglthr•d ￿Pablo ol detectlng Irregulawltlws. Indudlng frnud
Thg obJqdivg5 oloui audl£. In respéct tofraud. ar8: to hd8nknfy and ￿e$S the rth of material rni851atement of
tho ffinawal Stater￿nts due to fraud: lo ￿￿810 8uffvent aForoprot8 audit ￿dence regardiThJ the assessed
ri8]• of ￿￿terial M￿tatemen1 due to frnud. thmgh desvanlng End Im￿eMenting appropiiaie respDnses: and
to rgspond appyoprfate￿ to fwd or suspected fraud id¢nlffjed durfns th8 audit. Hovrnvor. Ihg primary
resportslbli ty forth8 preventDn and of fraud rests wlth both thD8e charged wah govgm¥rte ol
the 8ntity and its managemenL
OurappThch was as folkm:
Wt Idgnfified areas cl la￿ and regulati￿ thal could Tea50nably b8 èXPXted to hav8 2 rnateTi?I
effect on the ffinantyal Stat￿entS from our g8neTal MmmeKial and 98clw experienc4 and thn)ugh
dixussK)n the dlr8Ctor8 afid othar managgrnnl las requlrtd by au(libng st0r￿ards1. and
tscussod with lh9 directOT8 8nd othar Man￿&men1 ihB and procgdures regarding
compliance wilh 18ws ènd regulal
We 1d8lltifi￿ lh• follcmlng areas as tho% mt Ikdy lo havè an etrecl.. Gefieral Data Protection
Regulation (GOPRI. fraud arwj bribery and corruption. Audlting 61andard5 litnit Ihe roquir8d avdit
FYQC8dure8 to idènlify norFo)rnpb8ncg w7th ttte3e18w6 and Tegulation5 to etwiry cl Ihe lfttstses and
other management and inspection ofJBgulatOry 8nd1481 cirnponde￿. If any. The Kjenknfknd ?Gtyal
suspeGl¢d non-compliance not $ufficienlty slgnlficanl to our audrf( to rÉsutt in our ra8ponse
ng Identifi￿ as a key audit rnatter.
We ￿n￿dered th8 legal and r8guthry fram¥Drk5 dlrBGUy apKAK8bl8 to thè ffinand818tateme¥ts
reporting framowork (FRS 102 and ts ChariUès A¢i 20111 arld lax com￿10n£0
regulations the UK.
We consldered lh8 nalure of the D￿vS￿. Ihe eonliol On￿n￿￿8￿ 8rKI bJsin85s
includln9 the W drfvers forffjawerMnt* romuneTatI￿.
W8 cornmL*ni¢at8d tid8nlif*d laws aThJ regulatsoA% Ihroughuul wr team and remaln8d 818rt to any
Indlcations of non-coThpI￿p¢e Ihroughcut th8 audiL'
We ¢ork8idered tha prDC8dures and ¢ontrds that the th￿ty has establishgd to adlJ￿$S risks
Identffied. or that Othern￿Se pre¥an( deter and detscl fraud.. 8nd how senior monagemenl monitor8
thots programrne& and u)nt[D￿.
B8S8d on thi4 und•rstandirvJ 7AP d88lgned our audit procedurns to nlenb.fy non-compfiaru with laws and
regvlalion5. Wher8 th8 Itsk was consthred to be hlgher, perform￿ audit prO￿d￿re5 to addr88s each
Jentified fKaud risk. Th8S• Procedures incl¥d8d.. testin9 rnanu81 itium#L%: r￿&viro the fintsndal ststernent
dI￿10$ureS snd tes￿n9 10 8uppurting dDculliBntalion: pgrforrnifto arotytical procedure5', wuithg of
TftanagernwL and wer8 d•S￿ne￿ lo NO￿de w8crfable assurancg th81 ts fi￿nG1￿ stai8rnBnts were Ireo
fraud cr 8rnr.
Owing to the inh8r8nl limitations of an audit, thero 15 on th)avoldaW¢ risk thatwe ￿aY Ml have d•te¢ted some
matertal mis8tatamgnts In thg finan(a8151atemEnts, even ttr￿Jgh wè have prcwrly pTanned performed our
8udst in acc(vdance bwth auditing standards. For 8xamp18, the further remov&l non￿n￿lIanC8 wlh laws arrtf
regulatitins Ilrr8gutarstsasI Is from Iho events 8nd traWrA(0￿ rthied in Ihe financlal 8taiem8nts, Ihe 168S
likdy Ihe thefenty Ilmiied procedutss requir8d by 8uditing slaThJards would Sdenlify it. The risk ij alw greater
regardlng Irregukqrilies occurring due to fraud rather than error. as fraud involves inientitinal eoncealmenl
fcr9ery. co11￿C￿, omis$lon er rtisrepresentaiK)n. We are not Fesponwble for preventiThJ nonaCom￿1an¢Q and
Cannot be èxp8Cted to dotect non-cAympl￿nceWth all law8 and regulations.
Afurthardttcnplon ofour rèsponslblw (s avad¥btg ￿ lh• FirAnLlal R8parfyng Counc411
httpsJlvMW.frc.org.uklOur-WoTklAudlVAudit-and-assurancelSlandards-8nd-guidan¢elStsndards-8r¥J-guidance

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|FOR THE YEA|R ENDED 31DECEMBER 2022||||
|---|---|---|---|---|
||||2022|2021|
|||Notes|8|6|
|Income from:|||||
|Investment<br>income|||437,351|584,645|
|Total income|||437,351|584,645|
|Expenditure<br>on:|||||
|Charitable<br>activities|||535,596|530,411|
|Total expenditure||5|535,596|530,411|
|Net movement<br>in <br>investments|funds before gains 1(losses) on||(98,245)|54,234|
|Net gains/(losses)|on investments|8|(3,953,356)|6,432,459|
|Net movement<br>in|funds||(4,051,631)|8,486,693|
|Reconciliation<br>of|funds||||
|Total funds brought|forward||15~490~065|7003372|
|Total funds carried forward|||11,438,434|15,490,065|





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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Fixed assets||||||||
|Investments|||||11,276,195||15,229,581|
|Current assets||||||||
|Cash at bank and in||hand||154,254||354,617||
|Debtors|||9|13,118||||
|||||167,372||354,617||
|Creditors:|amounts|falling due||||||
|within one|year||10|(5,133)||(94,133)||
|Net current|assets||||162,239||260,484|
|Net assets|||||11,438,434||15,490,085|
|The funds|ofthe charity|||||||
|Unrestricted|income|funds|||11,438,434||15,490,065|
||||||11,438,434||15,490,085|





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|FO|R THE YEAR ENDED 31|DECENBER 2022|||||
|---|---|---|---|---|---|---|
|5|Total expenditure||||||
|||Admin|Other|Grant|Total|Total|
|||costs<br>6||fundingf|2022<br>6|2021<br>6|
||Charitable activities||||||
||Grants payable|||530,735|530,735|525,500|
||Suppori costs|360|4,501||4,861|4,911|
|||360|4,501|530,735|535,596|530,411|



|Analysis of|support costs (including|Governance costs)|||
|---|---|---|---|---|
||||2022|2021|
||||6|f|
|Administrative|expenses||360|465|
|Governance|costs:||||
|Audit and accountancy|||4,501|4,446|
||||4,861|4,911|



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|Fair value|at 1 January 2022|15,229,581|
|---|---|---|
|Unrealised|losses|(3,953,386)|
|Fair value|at 31 December 2022|11,276,195|
|Historical|cost||
|At 31December 2022||3,938,275|
|At 31December 2021||3,938,275|



|9|Debtors: amounts|falling due within|one year|2022|2021|
|---|---|---|---|---|---|
|||||6|f|
||Accrued income|||'l3,118||
|||||13,118||
|10|Creditors: amounts|falling due within|one year|2022|2021|
|||||6|2|
||Accru ala|||5,133|fH,t33|
|||||5,133|94,133|
|11|Related parties|||||
||No one party has overall control ofthe Trust.|||||
||There were no related parly transactions||during the year.|||