Registered Charity Number: 1120449
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2025
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
CONTENTS
| Page | |
|---|---|
| Information sheet | 1 |
| Independent examiners report | 2-3 |
| Balance sheet | 4 |
| Receipts and payments account | 5 |
| Incomedistributionaccount | 6 |
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
INFORMATION SHEET FOR THE YEAR ENDED 5 APRIL 2025
The Deceased Miss C M Scott-Smith Date of Death 28 January 2004 Trustees Mr Richard Ostle Mr Antony Caulfield Mr David Young Administrators Gaby Hardwicke 2 Eversley Road Bexhill-on-Sea East Sussex TN40 LEY
Accountants Galloways Accounting (Bexhill) Limited 23 St Leonards Road Bexhill-on-Sea East Sussex TN40 1HH
Page 1
MISS C M SCOTT-SMITH DECEASED
CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST FOR THE YEAR ENDED 5 APRIL 2025
I report on the accounts of the trust for the year ended 5 April 2025 which are set out on pages 4 and 5.
Respective responsibilities of trustees and examiners The charity's trustees are responsible for the preparation of accounts. The charity's trustees consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.
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It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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- state whether particular matters have come to my attention.
Basis of examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
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Independent examiner's statement In connection with my examination, no matter has come to our attention: 1) which gives me reasonable cause to believe that, in any material respect, the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.
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have not been met; or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Peter Watters FCA BFP
Date: 3O/O//2ZO2Z£
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Galloways Accounting (Bexhill) Limited
23 St Leonards Road .
Bexhill-on-Sea / HV ,
East Sussex ara A
TN40 1HH { te
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Page 2
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
BALANCE SHEET
FOR THE YEAR ENDED 5 APRIL 2025
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£ £ £ £
Investments
UK Investments (at cost) 1,452,302
Cash at bank
Gaby Hardwicke client account 90,573
Rathbones 115,122
205,695
Debtors
Rathbones -
Accrued income 116
116
Creditors
Accountancy 2,280
Legal and professional fees 2,000
Income distribution account 742,696
(746,976)
(746,860)
Net current assets (541,165)
Net Assets 911,137
Representing
Estate Capital Accounts 911,137
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The market value of the UK investments at 5 April 2025 was £1,708,065.
I confirm that I approve these accounts on behalf of the Trustees.
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Mr Antony Caulfield Date: 0S!OU[ 22.6. ooccccccccsen
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Page 3
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
INCOME ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025
| £ | £ | |
|---|---|---|
| Income received | ||
| Dividends received | 49,350 | |
| Interestreceived | 32,583 | |
| Profiton sale ofinvestments | 63,992 | |
| Other income | 7 | |
| 145,924 | ||
| Expenses | ||
| Accountancy | 2,394 | |
| Solicitors fees | 2,849 | |
| Investmentmanagers fees | 8,533 | |
| Other expenses | - | |
| Loss on sale ofinvestments | 104,985 | |
| (118,761) | ||
| Net income | 27,163 | |
| Transfertodistributionaccount | 27,163 |
Page 4
MISS C M SCOTT-SMITH DECEASED CHARITABLE TRUST
INCOME DISTRIBUTION ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025
| £ | |
|---|---|
| Undistributed income brought forward | 940,534 |
| Income forthe year | 27,163 |
| Distributions intheyear | (225,000) |
| Undistributedincomecarriedforward | 742,696 |
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