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





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





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|||||||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<br>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|






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





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|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<br>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<br>Earth|||||25,000|12,500|
||Outward<br>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|





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|inancial yea|r 2023/24.||
|---|---|---|
|||2023|
|||F|
|Circle||37,500|
|Ripple Effect<br>Fruitmarket<br>Gallery||15,000<br>37,500|
|||90,000|



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|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<br>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<br>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|





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