Charity number: 1127796 ## THE JOHN SCOTT CHARITABLE TRUST ## UNAUDITED TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ‘ |‘(OZZ8GSOS Aequinyy uolelsisay) puepioos ut peraasisa1Auedwio> AyYIqeyy|“ZMS TIALUlIvN)“UWLIBy ysegIO paraisisayy
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eee ## THE JOHN SCOTT CHARITABLE TRUST a_i ertyreyrerve pre: REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 ||REFERENCE AND ADMINISTRATIVEAND ADMINISTRATIVEADMINISTRATIVE DETAILS OF THE CHARITY,OF THE CHARITY,THE CHARITY,CHARITY, ITS TRUSTEES AND ADVISERSTRUSTEES AND ADVISERSAND ADVISERSADVISERS
FOR THE YEARTHE YEARYEAR ENDED 31 MARCH 2022|REFERENCE AND ADMINISTRATIVEAND ADMINISTRATIVEADMINISTRATIVE DETAILS OF THE CHARITY,OF THE CHARITY,THE CHARITY,CHARITY, ITS TRUSTEES AND ADVISERSTRUSTEES AND ADVISERSAND ADVISERSADVISERS
FOR THE YEARTHE YEARYEAR ENDED 31 MARCH 2022| |---|---|---| ||OT
ee|| ||Trustees|AndrewWemyss, Chairman| |||Andrew Scott| |||Daniel Scott| |:||John Clavering| |||Thomas Monteith| ||Charity registered|| ||number|1127796| ||Principal office|Torrie House| |||Newmills| |||Dunfermline| |||KY12 8HH| ||Accountants|Ryecroft Gienton| |||Chartered Accountants| |||32 Portland Terrace| |||Newcastle upon Tyne| |||NE2 1QP| ||Bankers|C Hoare &Co| |||37 Fleet Street| |||London| |||EC4P 4DQ| ||Solicitors|Monteith Solicitors| |||Park Farm| |||Naim| |||V125RZ| ## age7 a ## THE JOHN SCOTT CHARITABLE TRUST ## erla a TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2021 to 31 March 2022, ## Objectives and activities ## ® Policies and objectives The objects of the Trust are: - a) The advancement of the education of, and the relief of poverty among, young people (being principally but not exclusively those under 25) and in particular, but without restriction, the support of youth clubs and similar bodies promoting the recreation and the personal, social and economic development of disadvantaged young people in London and in and around Greenock and Wemyss by the provision of grants, goods and services; and - b) The relief of suffering and alleviation of hardship caused by injury, illness or poverty among present or former members of Her Majesty's Armed Forces and their families. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)’. ## e Grant-making policies Grants are made by the Charitable Trust on application in writing. Success of the application is subject to the Trustees' decision to support and is dependent on its merit within the objects of the Trust. ## Achievements and performance ## e Review of activities During the year the Trust has made grants to twenty seven organisations totalling £183,000 (2021 : £103,000 - eighteen organisations), each providing substantial benefit to diverse members of the public. These are detailed at note 6 to the financial statements. Investment management fees were incurred in the year in the sum of £68,389 (2021: £57,284). Support costs of £9,805 (2021: £11,586) were incurred in the year. The charitable trust reports a deficit of £122,602 (2021: surplus of £1,182,253) on activities before gains on the value of its investments of £457,282 (2021: gains on investments of £1,643 ,482),. ## e Investment policy and performance The Trustees have instructed the investment managers to invest in a balanced portfolio for maximum income and conservative growth. In accordance with this policy the Trust's investments provided income of £132,342. Due to the improved stock market conditions from the initial effects of the coronavirus pandemic, stock market conditions have significantly improved resulting in realised gains on the sale of investments of £19,931 and unrealised gains as at 31 March 2022 of £437,351. Page 2 ## eee ## THE JOHN SCOTT CHARITABLE TRUST Financial review ## e Going concern Having made appropriate enquiries, the Trustees are satisfied that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. The Trustees have considered going concern in light of the events surrounding the coronavirus pandemic. The operational aspects of the Trust do not change and the pandemic will have little or no adverse impact on the Charity’s current financial position other than the Possibility of the provision of financial support to those who may have suffered from the pandemic. In adopting a total return policy on its funds the Trustees will have some flexibility in making grants to suit the financial conditions prevailing at the time grant applications are being considered. ## @ Reserves policy The Trustees intend to provide grant assistance to the level of the Trust's income in each year. For this reason, they do not intend to build a reserve beyond the funds under management, which provides sufficient funds for current needs. ## Structure, governance and management e Constitution The John Scott Charitable Trust is an English registered charity, number 1127798, and is constituted under a Declaration of Trust on 22 December 2008. e Methods of appointment or election of Trustees The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Declaration of Trust dated 22 December 2008. Mr Andrew Wemyss (who is also a Trustee) has the right to appoint and remove Trustees. Thereafter, Trustees will be appointed by resolution of the Trustees. ## e Organisational structure and decision-making policies The Trustees must hold at least one meeting each year and such other meetings as may be expedient. A meeting is quorate if there be two Trustees present, one of which is Mr Andrew Wemyss. Meetings may take place by suitable electronic means. . Resolutions are determined by simple majority, with the chairman of the meeting having the second or casting vote; each Trustee has one vote on each resolution. The Trust contact is Mrs Pamela Hyder at the Principal Office address. She manages the day-to-day business of the Trust. ## e Policies adopted for the induction and training of Trustees Mr Andrew Wemyss appoints Trustees following consultation with them as to their suitability and following agreement that they are aware of their duties as Trustees and specifically the objects of the Trust. ## eee Page 3 ## THE JOHN SCOTT CHARITABLE TRUST ## Structure, governance and management (continued) ## e Financial risk management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate the charity's exposure to all significant risks. The principal risk of loss of value of the invested funds is mitigated by providing the investment managers full discretionary management of the funds. ## Statement of Trustees’ responsibilities The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable io charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - ® select suitable accounting policies and then apply them consistently; - ° observe the methods and principles of the Charities SORP (FRS 102); - e make judgments and accounting estimates that are reasonable and prudent; - ® state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - ® prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Declaration of Trust. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 9 November 2022 and signed on their behalf by: **----- Start of picture text -----**
Andrew Wemyss { |
(Chair of Trustees) \ |
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Page 4 ## eee ## THE JOHN SCOTT CHARITABLE TRUST ## rey nye ey ssp denn INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022 a Independent examiner's report to the Trustees of The John Scott Charitable Trust (‘the Charity’) | report to the charity Trustees an my examination of the accounts of the Charity for the year ended 31 March 2022. ## Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the tequiremenis of the Charities Act 2011 (‘the 2011 Act’). | report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## Independent examiner's statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which Is referred to in the extant regulations but has been withdrawn. | understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. | have completed my examination. | confirm that no matters have come ta my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act: or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a maiter considered as part of an independent examination. | have na concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that | might state to the Charity’s Trustees those matters | am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by jaw, ! do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for my work or for this report. ## Signed: J) Graham ## Dated: 4 Noemi 102 ## D Graham FCA Ryecroft Glenton 32 Portland Terrace Newcasile NE2 1QP Page 5 ## THE JOHN SCOTT CHARITABLE TRUST ## ———— STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 |||Unrestricted|Total|Total| |---|---|---|---|---| |||funds|funds|funds| |||2022|2022|2021| ||Note|£|E|£| |Income from:||||| |Donations and legacies|3|6,250|6,250|1,250,000| |Investments|4|132,342|132,342|104,123| |Total income||138,592|138,592|1,354,123| |Expenditure on:||||| |Raising funds|5|68,389|68,389|57,284| |Charitable activities|i|192,805|192,805|114,586| |Total expenditure||261,194|261,194|171,870| |Net (expenditure)/income before netgains on||||| |investments||(122,602)|(122,602)|1,182,253| |Netgains on investments||457,282|457,282|1,643,482| |Net movement in funds||334,680|334,680|2,825,735| |Reconciliation of funds:||||| |Total funds brought forward||11,320,437|11,320,437|8,494,702| |Net movement in funds||334,680|334,680|2,825,735| |Totalfundscarriedforward||11,655,117|11,655,117|11,320,437| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 17 form part of these financial statements. Page 6 ## eee ## THE JOHN SCOTT CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2022 ## eee ||Note||2022
E||2027
£| |---|---|---|---|---|---| |Fixed assets|||||| |Investments|11||41,449,151||10,985,307| ||||11,449,151||10,985,307| |Current assets|||||| |Debtors|12|2,862||254,252|| |Cash atbankand in hand||207,904||87,118|| |||210,766||341,370|| |Creditors: amounts falling due within one|||||| |year|13|(4,800)||(6,240)|| |Netcurrentassets|||205,966||335,130| |Total assets less current liabilities|||11,655,117||11,320,437| |Total netassets|||11,655,117||11,320,437| |Charity funds|||||| |Unrestrictedfunds|14||11,655,117||11,320,437| |Tota!funds|||11,655,117||71,320,437| The financial statements were approved and authorised for issue by the Trustees on 09 November 2022 and signed on their behalf ty: : ; i. **----- Start of picture text -----**
Andrew Wemyss ["\ ‘ \
Trustee
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4 The notes on pages 8 to 17 fo in part of these financial statements. A | ee Page 7 ## es ## THE JOHN SCOTT CHARITABLE TRUST ## eeeee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 4. General information The Charitable Trust is registered with the Charity Commission for England and Wales, number 1127796. It's principal administration address is Torrie House, Newmills, Dumfermline, KY12 8HH. The Charitable Trust is a grant-making charity. ## 2: Accounting policies ## 2.1 Basis of preparation of financial statements The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The John Scott Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. - 2.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. ## 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. Page 8 ## eee ## THE JOHN SCOTT CHARITABLE TRUST ## 0 a a i ee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ## eee ## 2. Accounting policies (continued) 2.4 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gains/(Losses) on Investments’ in the Statement of financial activities. ## Investments held as fixed assets are shown at cost less provision for impairment. ## 2.5 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequenily measured at amortised cost using the effective interest method. ## 2.6 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. 3. Income from donations and legacies |||||Unrestricted
funds
2022|Total
funds
2022| |---|---|---|---|---|---| |||||£|£| |Donations|(including|gift|aid)|6,250|6,250| |||||Unrestricted|Total| |||||funds|funds| |||||2021|2021| |||||£|£| |Donations|(including|gift|aid)|1,250,000|1,250,000| ## i Page 9 ## THE JOHN SCOTT CHARITABLE TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ## 4. Investment income |||Unrestricted|Total| |---|---|---|---| |||funds|funds| |||2022|2022| |||£|£| ||Income from listed investments|132,342|132,342| |||Unrestricted|Total| |||funds|funds| |||2021|2021| |||ga|£| ||Income from listed investments|104,123|104,123| |5.|Investmentmanagementcosts||| ||||Unrestricted|Total| |---|---|---|---|---| ||||funds|funds| ||||2022|2022| ||||£|£| |Investment|management|fees|68,389|68,389| ||||Unrestricted|Total| ||||funds|funds| ||||2021|2021| ||||£|£E| |Investment|management|fees|57,284|57,284| Page 10 eS ## THE JOHN SCOTT CHARITABLE TRUST reer een rpeny NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 eS ## 6. Analysis of grants **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Grants|to|Total| |Institutions|funds| |2022|2022| |£|£| |Grants,|Direct|costs|183,000|183,000| |Grants|to|Total| |institutions|funds| |2021|2021| |£|£| |Grants,|Direct costs|703,000|103,000| **----- End of picture text -----**
eee Page 11 ## ge ## THE JOHN SCOTT CHARITABLE TRUST ## etOR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ## ae ## 6. Analysis of grants (continued) The Charity has made grants of £5,000 and above to the following institutions during the year: ||2022|2021| |---|---|---| ||£|E| |Name of institution||| |Ocean Youth Trust|28,000|28,000| |Scotland Bravest Manufacturing Company|30,000|10,000| |SSAFA, Scottish Resource Centre|20,000|10,000| |Link Living Limited|15,000|10,000| |Clapton Common Boys Club|-|8,000| |The Erskine Hospital|10,000|5,000| |The Room Sixty ProjectAyr|-|5,000| |Fife EmploymentAccess Trust|-|5,000| |ABTThe Soldiers Charity|-|5,000| |FifeYoung Carers|10,000|-| |Scots Guard Charity|10,000|-| |Royal Marines Charity|5,000|-| |Bede House Association|5,000|-| |Blesma, The Limbless Veterans Charity|5,000|-| |Kinross-shire Youth Enterprise|5,000|-| |London Youth|5,000|-| |Helm Training|5,000|-| ||153,000|86,000| |Othergrants below£5,000 to 14 institutions (2021 - 9 institutions)|30,000|17,000| ||183,000|103,000| ## 1. Analysis of expenditure on charitable activities Summary by fund type |||||||Unrestricted|Total| |---|---|---|---|---|---|---|---| |||||||funds|funds| |||||||2022|2022| |||||||£|£| |Direct|costs|-|Grant|making|activities|192,805|192,805| Page 12 eee ## THE JOHN SCOTT CHARITABLE TRUST a ee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 eee 7. Analysis of expenditure on charitable activities (continued) Summary by fund type (continued) **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Unrestricted|Total| |funds|funds| |2021|2021| |E|£| |Direct costs|- Grant making|activities|114,586|114,586| **----- End of picture text -----**
8. Analysis of expenditure by activities **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Grant| |funding|of|Support|Total| |activities|costs|funds| |2022|2022|2022| |£|£|£| |Grant|making|183,000|9,805|192,805| |Grant| |funding|of|Support|Total| |activities|costs|funds| |2021|2021|2021| |£|£|£| |Grant|making|103,000|11,586|114,586| |Analysis|of support|costs| **----- End of picture text -----**
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||||||| |---|---|---|---|---|---| |Grant|Tota}| |making|funds| |2022|2022| |£|£| |Accountancy fee|1,800|1,800| |Legal|and|professional|fees|960|360| |Independent|examination|fees|4,800|4,800| |Sundry expenses|2,245|2,245| |.| |Total|2022|9,805|9,805| **----- End of picture text -----**
a Page 13 THE JOHN SCOTT CHARITABLE TRUST : en ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 8. Analysis of expenditure by activities (continued) ## Analysis of support costs (continued) **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Grant|Total| |making|funds| |2021|2021| |£|£| |Auditors|fee|6,240|6,240| |Accountancy|fee|1,200|1,200| |Legal|and|professional|fees|3,156|3,156| |Sundry expenses|990|990| |Total|2021|11,586|11,586| |Independent|examiner's|remuneration| |2022|2021| |£|£| |Fees|payable|to|the|Charity's|independent|examiner|for the|preparation|and| |independent|examination|of the|Charity's|annual|accounts|4,800|-| |Fees|payable|to|the|Charity's|independent|examiner|in|respect|of:| |The|preparation|and|auditing|of the|Charity|annual|accounts|-|5,440| |All|other|services|not included|above|-|800| **----- End of picture text -----**
9. Independent examiner's remuneration Page 14 ## eee ## THE JOHN SCOTT CHARITABLE TRUST ## A TE re yyy NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ## eee ## 10. Trustees" remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2021 - ENIL). During the year, no Trustee have had expenses reimbursed (2021 - ENIL). ## 11. Fixed asset Investments ||||Cash held|| |---|---|---|---|---| |||Listed|for re-|| |||investments|investment|Total| |||£|£|£| ||Cost or valuation|||| ||At1April2024|10,165,504|819,803|10,985,307| ||Additions|3,636,419|112,392|3,748,811| ||Disposals|(3,571,039)|(171,210)|(3,742,249)| ||Revaluations|457,282|-|457,282| ||At 31 March 2022|10,688,166|760,985|11,449,151| ||Net book value|||| |||;||| ||At31 March 2022|10,688,166|760,985|11,449,151| ||At 31 March 2024|10,165,504|819,803|10,985,307| |12.|Debtors|||| ||||2022|2021| ||||£|£| ||Duewithin one year|||| ||Otherdebtors||2,862|254,252| ||||2,862|254,252| |13.|Creditors: Amounts falling due within oneyear|||| ||||2022|2021| ||||£|£| ||Accruals||4,800|6,240| ce ea Page 15 THE JOHN SCOTT CHARITABLE TRUST ## a ## oY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 eneee ## 14. Statement of funds Statement of funds - current year ||||||Balance at| |---|---|---|---|---|---| ||Balance at 1|||Gains/|31 March| ||April 2021|Income|Expenditure|(Losses)|2022| ||£|£|£|£|£| |Unrestricted funds|||||| |GeneralFunds|11,320,437|138,592|(261,194)|457,282|11,655,117| Statement of funds - prior year ||||||Balance at| |---|---|---|---|---|---| ||Balance at
1 April 2020|Income|Expenditure|Gains/
(Losses)|31 March
2021| ||£|£|£|£|£| |Unrestricted funds|||||| |GeneralFunds|8,494,702|1,354,123|(171,870)|1,643,482|11,320,437| 15. Analysis of net assets between funds Analysis of net assets between funds - current year ||Unrestricted|Total| |---|---|---| ||funds|funds| ||2022|2022| ||£|£| |Fixed asset investments|11,449,151|11,449,151| |Current assets|210,766|210,766| |Creditors duewithin one year|(4,800)|(4,800)| |Total|11,655,117|11,655,117| Page 16 ## Ad i ## THE JOHN SCOTT CHARITABLE TRUST ## rr, NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ## SSN 15. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior year . |Analysis of net assetsassets between funds- prior yearyear||| |---|---|---| ||Unrestricted
funds|Total
funds| ||2021|2021| ||£|£| |Fixed asset investments|10,985,307|10,985,307| |Currentassets|341,370|341,370| |Creditorsduewithinoneyear|(6,240)|(6,240)| |Total|11,320,437|11,320,437| ## 16. Related party transactions During the year Andrew Wemyss, a Trustee, made a donation of £5,000 (2021: £1,000,000) to the Charitable Trust. £960 (2021: £456) was also paid to Monteith Solicitors for professional fees. Thomas Monteith, a Trustee, is a partner of Monteith Solicitors. Page 17