2023-03-31-accounts

Charity	registration	registration	number	1165837
Trustees				Alexander James	Callander
				Rhona Ann Callander		(Deceased 26 August 2022)
				TC Trustco Limited
				Edward James Callander
				Elizabeth Louise	Callander
Registered		office		Turcan Connell
				12Stanhope Gate
				London
				W1K 1AW
Bankers				Bank of Scotland
				11 Earl Grey Street
				Edinburgh
				EH3 9BN
Stockbrokers				Rathbone Investment		Management	Limited
				Port of Liverpool	Building
				Pier Head
				Liverpool
				L3 1NW
Auditor				Chiene+ Tait LLP (Trading as CT)
				Chartered Accountants		and Statutory	Auditor
				61 Dublin Street
				Edinburgh
				EH3 6NL

				2023	2022
			Note
Income and endowments		from:
Donations and Legacies Gift Aid				155,500 38,875	1,750,000 437,500
Investment income				106,278	67,325
Other —investment	compensation				21,088
Total income and	endowments			300,653	2,275,913
Expenditure on: Raising funds Charitable activities				200 173,244	200 46,838
Total expenditure				173,444	47,038
Net (losses)/gains	on investments			(305,225)	239,681
Net movement in	funds			(178,016)	2,468,556
Reconciliation of	funds:
Total funds brought	forward			6,318,277	3,849,721
Total funds carried forward				6,140,261	6,318,277

						2023f	2022
					Note
Fixed assets
Investments						6,146,437	5,791,016
Current assets
Cash at bank and		in	hand			122,009	152,262
Accrued Income						38,875	437,500
						160,884	589,762
Creditors:	amounts		falling	due within one year		(107,060)	(62,501)
Net current	assets					53,824	527,261
Total Assets Less Current				Liabilities		6,200,261	6,318,277
Creditors:	amounts		falling	due after more than one	9
year						(60,000)
						6,140,261	6,318,277
Funds
Endowment	funds					6,140,261	6,318,277

or the year ended 31 March 2023
			2023	2022f
Cash flows from operating activities:			(178,016)	2,468,556
Net (expenditure)/ income for the year
Adjustments for: Losses/(Gains) on investments			305,225	(239,681)
Dividends and interest from investments			(106,278)	(67,325)
Decrease/(Increase) in debtors Increase/(decrease) in creditors			38,875 104,559	(437,500) 15,099
Net cash generated by/(used in) operating		activities	164,365	1,739,149
Cash flows from investing activities: Dividends and interest from investments			106,278	67,325
Purchase of investments			(660,646	1,839,052)
Net (used in)/cash provided by investing		activities	554,368)	(1,771,727
Change in cash and cash equivalents	in year		(390,003)	(32,578)
Cash and cash equivalents at 1 April 2021			152,262	184,840
Cash and cash equivalents at 31 March 2022			237,741	152,262

Analysis ofchanges	in net debt
		2022	Cash-flows	2023
		E		f.
Cash and cash equivalents		152,262	(390,003)	(237,741)

2	Income from investments	Income from investments	Income from investments
						2023	2022
							F
	Interest received					3,239	103
	Corporate	bonds				16,041	4,604
	Dividends	received				86,998	62,619
						106,278	67,325
3	Expenditure	on raising funds
						2023	2022
						f.	F
	Investment	management		fees		200	200
4	Charitable	activities	expenditure
						2023	2022
						F	E
	Grants and	donations	(note 5)			162,500	42,500
	Independent Examination					3,210	1,824
	Legal fees					7,534	2,514
						173,244	46,838
5	Analysis ofGrants and donations
						2023	2022
						E	F
	Our Dynamic Earth					25,000	12,500
	Outward Bound Trust					17,500	2,500
	Edinburgh	Science Foundation				5,000	5,000
	Engineering	Development		Trust		12,500	12,500
	Make 2nds	Count				6,250	5,000
	World Endometriosis		Research		Foundation		5,000
	Greenhouse					6,250
	Circle					37,500
	Ripple Effect					15,000
	Fruitmarket	Gallery				37,500
						162,500	42,500

inancial yea	r 2023/24.
		2023
		F
Circle		37,500
Ripple Effect Fruitmarket Gallery		15,000 37,500
		90,000

ixed asset investments
	2023	2022
	F	f.
Market value
At 1 April 2022	5,791,017	3,712,284
Additions	660,646	1,839,052
Unrealised losses/gains	(305,225)	239,681
At 31 March 2023	6,146,438	5,791,017
Cost:
At 31 March 2023	5,522,610	4,861,964

nvestments	which comprise more than 5% ofthe total po	rtfolio at the year-end were as follo	ws:
		2023	2022
		E
Baillie Gifford Corp Bond Inc.		454,026	448,520
Vanguard	FTSEUK	529,897	468,536
Vanguard	Life Strategy 100%equity	2,068,519	2,872,017
Vanguard	Life Strategy 80% equity	2,978,324	1,882,501