INE LOKION scorrisH IlENr BENEIIOLENTFUNO FIN114CIALSTAYEMENIS FOR ThEYEAR EIIDED31MAROI 2024 Pale I I&t Pa8•52&3 Rof•l4n¢••Th4Adml$lrafvl Inform•tl4 PaRes4to 7 Report OftheTrUsts Pw8 Ind•pwdeTht Exam1$ Report P4Ne g ststem?TrtolNnanrlal Ath6ttes P484 10 •rt<eSh•tt Pa8¢5 Ilto 14 ¢st&tlte Flnantial Sta1¢ts
THE LONDON SCOThSH RE61MEIITBENEVOLENTFUN Reslrteied Chahty No. 207482 AEFÈÈWÈANDADMlf4lSTRATThIE IPWAMATIIX4 PRESIDENT VACANT C£ PRESIDENTS ColonelJACleMÈnce CBE TD FCA ColonelSH HÈnwood cèe TD PJ Layden TD A C Morri5 Esq HAIRMAN 5 M Ken¥st2rE5q' VICE (HAIRMAtI M l Felste3d Esq ItEygned 30cLober20231 J Haryman ESQ. lappointed YOctObpr2023 HONORAftYSE¢REFARY M l Felstead Esq Iro5i8ned 30ctpber20231 5 M Bichelor Esq. 1apptrlted3 Ottobei 20231 HC•JORARYTREASURER Malor BOWÈlxh' AssisfANT HONORARYTRWURER AI B MIW2rEsq' WELFARETRU5TEE J Harryryn E59. COMMrrrÉe MÉMBÉRS S D Loyelock Esq IT¢sl8ned 3 0aober2Q231 AW Fenwick Esq Ireslgned 3 tsttober ZD231 l Dixon Esq lappDrtRd 3 Ottober2Q231 G HethertTrra lappolnted a ottobèr202a, r$ed ts Aprf12P241 MalorRRwlY3n TD¥ ADVISOftYttMMrrrEE 1thPTEp) S Brdomflew Esq G M¢Adam Esq A CornEII Esq M McLaren Esi MJ Felstead Al tla¢han E$q S R05S-Wlden Esq •Twu5tees
THE LONDON 5COTfisH REGIMEfiT BENEVOLENT FUND REFERENCE ANDA0ml5TRAIlVE INFORMATION Itontlrtutd) BANKERS The Bank af Scotland PIC 38 StAndrew Square Edlnburgh EH2 2YR It4VESTMENT ADVISER5 RBC Brewin Dolphin 12 Smhfield Street LonJn ECIA 9BD INDEPEhf•ENTEXAMI4ER perrVSAffC MIted Churchdown chamber5 8ordyke Tonbridge Kent TN9 INR
THE LONDON SCOTTISH REGIMENT BENEVOLENT FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees prÈsÈntthÈir Report and Finantiol Statements forthÈ year ended Ilst Marth 2024, Referenceand AdmIniratIve Infomiation.. Thi5 is shown on pages 2 and 3. I. Constiiutlon, Strucwie, Go¥ernance and Mar¢ègemenl Stètus.. The Fund Is a Charfty regL4tered with the Charlty Commi551on lor En¥arnd and Wale&- Registered No 207482. Governln8document.' The Governln8 Documentofthe Fnrf i5the CharltyComrn155ion Scheme dared9th Au8USt 1993 as amÈndÈd by ) RÈsOltittthof the Trustees dated 13th September 2011 under powérsthen avail&bleto Tru5tee5underSectlon 280 oftheChar1tie5 Ad 2011. OrIn5.. Thè Fur derives from the amèl8amation in 1991 olthe LMdoThStotti5hWar Memoykil Pund forthose who setved in the Hr5t World Warll914- 19181 and the London kott15h Regiment Benevolent Fund forthose who seryed (n theSÈtond World War IIS39-19451. In 1991the Ttwsiee$ofthe War Memorlal Fund re50fved tow¢nd upthelr Fund ind pass Its ren[nIng8$SetS to Thè Fund. In ¢onsidetstion of thetr4nsftr of assetsthe Trnsteesof The Fund a$sme(l the obli8atl¢ns ofthewar Memorial Fund and UAdertooktotatIhe Members of eath Fund in the same manner. Althe same tin)e the rules ofThe Fund were chanÉÈd in ordèrto enable itto prowde assistènte to sey¥in8 or fornier5ervln8 rnernber50fthe London 5cotti5h Rewrnent lThe Re8irnentl and any Unit orsybunit thereofwhenever¢hey had sewvedso 8Sto Include service in the PeatimE battalion ofThe Regiment, In the 51st Highland Volunieers (from 1967 10 19931 and The London Re8lment (from 19931. StwtturE. Governanceand Managemeni:The positioTr of President of the Fund has lapsed, since 30thApril 2023, astheArmv has notappolnted a Ilwmental Colonel ofthe London Scottlsh Re8lment. The are five Witt Presldertswho have lon8 experience of the Regirnent and the Fund. They are available to odvi5ethe Tfustees ore kept inforned of activities. The Fund 15 mana8ed bytheTruAeeswho are èppolnted b¥ Membersat the Annual Gener81 Meetin8 Am8MM of eight Tru51eES are appointed includinga Chaimian, Hanorarysecreiary and HonoTaryTreasurer. TheTru5tees meet once a year but re ttsftstantly Cohlartby telephone ad elettronlc Means. Theyalga hawethÈ sistance tsf an advisory Comfflittee, who are nottru5teÈ5. The Trustees reporttothe ydEreMberShIp ofthe Regiment annuallyat ihe Annual General Meeting and through the ftEgimentsl New5ther. 2. Obleciive5 Thè Futtd s e5t)blished to ptovide assistanceto persons tsf4ny rank whD ase[ThE or have at anytirneserved ITh The Rewment orany Unit oTSubunit rhereof and totheirspouses,widows, widuwErs, survivingpartner5 Df civil partnerships, thelr dependent children artdotherdependants. who mayi in the unfettered discretion oftheTrusteesforthetimÈ bein& be i condlVon5 of need, hardshlp, d15tre5s or ill health.A5515t3ncé may be provided in the forrn of8rants. dDnatlon4 regular alloWanS or Irsterestfree loins. If the Financlal Stitements of The Fund Show a 5urplws of intomefori year. suth surplus maybe expended in 5ub5equenr yearsforanycf the followiDE objett5and In the ordErlven'.. al assistance ofaThy person of any Trnk, wh0 15 sgrvln8 or ha$ 5ervgd in any ofthg Scottish Regirn$nt% of the Rewlar or ReserveAmyor rhe London Regiment and theirspouses. widows. wdowers, 5urvivin8 partner5 olciwl partnerships. their dependeni thlldrern and orhtrdepEndants, who rnay bp in ¢ond>bon5 ofneed. h8rd5hip. distress orill hpalth. bl Forgrnnts to be madeto any Scottish Charityor Charitable Corporation. Such gronts shall onlybe rnade if ah0sed by r$s0luilon ofthe Mernber5 vf The Fund in General Meetin8 providedthatthe notlce of such 8 meetuwincltsdesthe nameof the chartyand the amount of theRraDt proposed. 3. A¢tl¥hles A (London Scottlshl Company. The london Reglrneni wa5 redesignHt<d toG IMe5sine51 Cornpany.SrotsGuards. Isi Banallon London Guards (Amiy RÈsÈrvol Dn the 1st May 2022.
TrIE LONDON scorrisH REGIMENT BENEVOLENT FUNO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 TheTrwstee5 3re awarèthat amèndmentstothe Governin8 Document are requlred to reflect rhechangesthat havo been made by th2Army, which have also affected the oth2r Londonscottlsh Trusts and the Regimental Association. A coordinated apwo8ch frorn all parts of the Reaimental family is Currently bein8 pur5upd 3ndthpTru5tee5 will make the quired ¢haniès as 8$ possibl¢ followin8c¢ndu51on pfthi5 task. TheTrustees have, gnd will CotInUe, to zpptythefvnds ID 3ccordarnce*iththe objettwe5 of the Fund and %ththin establlshed polldesln sUPPOrtof It5 existlng Mernbers. 4. Achle¥ementsand PerforrnBry The objeet orthe Fwnd Is to support its Memberslwlthlnthe wider definitlon of those who qualify includin8 Immedlatefomdyand dependantsl whoare in conditions of need, fvardship ordistre$5 by8ivingfinonciJl grants or Other¥515tace. Ourir¥the 202312024finarncial yeaithe Fud ha5 provldEd thE followin8.' Financial SUPPDrt Dfvaryin83rnDuntsta three annuitants and clearance of the burden of debt. Trustees of the Fund c{Jtin¢tD liaise athd wothwith cas¢worftersfrom 55AFA Fortes Help a5well as ThE Royal British Legion. theArmy Benevolent Fund and other charltable organlsètions and arrange visltsto keep a walchf1 eye OTr ihose ihairnay requlre h5SiStance, perhap5 not ImTnedi4tely. byt inthe fvture. Sirnilarty. membersofour(o-opted Ad¥i50ry Commltieedo likewse wlth current and fom)ermembetsofThe Lond¢n Scottish Reginent. Gftnt5. 8rfts. allowancesèmountlngto £45.53612023- £15.gJ51 were made duringthe year. This Includes i prop95ed payment to Scothsh Charitie5. Our Investments Portfolio¢oDtinuesto be rnanaged by Brewin Dolphin. 5. Re$t5 Durith8thÈyÈar undÈrrÈwÈw,total income 8rew to 60.14712023_ £55,277). This Increase reflects an increasè i Investment 1coMe10 £51,70212Q23- E48,05413nd 3 51ight increase in donations and le(leS r¥eived to E7.947 12023-£7.1301. Gift5,8rant5aRd allDY4arntesamountedto £45,53612023- £15,905) and there were donationsto thorcharltie5 totallin8 £24.orxii2023-£NIU, Afterexpenses of £10,13912023-£8.8471 iherc w85 a surplus of £4.47212022.£30.5251. 6. Finandil Revlew Durfngthe accouniing perlod thE investment portfolio 5htswed a vÈrysmall increasewith backdrDP Ultludingthe 8rnvÈ sltuation in Ukrdine, and the lsrael/Hamasw3r piothdng unrealisedgaln5 of £10.96312023. losses £48.3411 and re3lised yirtsaff5,11412023- losses of £6.8361. lrn addition to the performance, Inve51ment income also stayed strong showlng an incre35e to £51.70212023- £48.0641. The performèneeofthe inTrlÈStment portlolkn Is kept under revlewbytheTrea5urer. and m¢etiTrt3ke place leasttwicea yearlviatelephonethis yetrl wlih tbe Iwe#menrAdvlsar. Brevjln Dolphin Ltd who manage 11 O dl%rdionary bH515. TheTrustee5 havecontinued their pollc¥of accumulatlng50meofthe surplu5 incometo protrideforfvture 5W)port to our Memberswho have been deployed on oper4tionswlth the arrny Dverseès. Arnounts rE7Ve as le8aaes3nd 8iftswere pa55edto our Inve5trnent M3nagetsftirirnve5trneNt. TheTrustees are sattsfied withthe Fund'5 State of affairs.
THE LONDON scorrisH REGIMENT BENEVOLENT FUND REPORT OF THE TRUSTEES l¢ont1nts} FOR THE YEAR ENDED 31 MARCH 2024 7. Resèr¥tsPolicv TheCharitythrnfflls51on'5Guldance ICC191 thas bgen considered byTru5te5 and a suitable resefyespolicyset in plate. TheTrvstees reéord the 0rf8lnal capiial plus rtrinv2$tedgalnsènd 1Come SurpIts5 as expendable endowment. though theTrteeS have powerto re50rtto use caplt3lth2re are no Immediate plansto do so.ThÈtoto1 vèlue of the Fund 15 £1,248,64612023-£1.228,0971. ThETru5teE5 ha¥ethought aboutthetimin8anddeiree vf aDy tuturefin•K1al iomrnltrnEnts,thE nDrtnal level Df annual ernnt8iv1n8, the possible Itu effettQFCod 19and theeNpetted Inc¢merornthe Invested endowmtnrand conflrrn that all known furure commitmentsand likely new grants ro Member5 throughoth¢year can bepal4J from the barnk accountSh resetve5, being in the orderDf £IO,OOOto £20,fYJ).togetheTYllth moThthlyincotnetlLroughoutthe year. wllh anyexces55urplu5 Income at the end of thefinandal year beln8 8rènted to exiern31 based 5cottbh charftlo5. Shovld the rEqulr*rnent Iyr8tantstg Mémbèr5 reducedurlrtgtheyearthe end olyeal SuKplv5wvuld Increase and largergrants made to extern315tott15h claritle$ to b¥larn thsny off. ConversÈly.should 8rant5 to Member5 b2 hl8herthanexpetted redd amount would be granted to external S:0tt1sh charftle5 attheend of the perfod.ThiS method of 8tantÈ1vln prDvidesfor• suitabie buffertc t3keaccountolrlse5 3ndfalls In grantsto Membersand redJce5the need to hold la¥ge reserves. In the Jnfore8een e¥erntof a need fora18rgersum than thai heNY on the TrusVscurrentaccounttheTNsteeswovld use C3pltalfunds.Thlswould have negllgibleeffertonthe wnnlng of the Fund Ind woulé be VerSed1Th subse4ueDt perfods of incornè. 8. Pl•n$for the Fulure Thereare no planstoaherthEway In whth Inccm2I$ expended. WhllstthÈ nurnberof annultant5ha5 decllnedthe ran f othershorttermftntnixal needs of Members has Inueased and thefwttees stand adyfr anyfvture Jpplic4nts esperl?IlyfrornthE campalsnsln Ira4 and Afghan15tsn. TheTru5t£esconstsntty lookat newwaystoasslstbenertd3rles In nee 9. RIskMaaTrenI ThE rnalorrlsk5to whlchthe Fund 15 exposed, aSentIfied tytheTru5tee¥have been re@d and syst£m5are in place to managothost risks. 10.Goln8¢or¢em Th2Trustee5 hwe con5ideTedthe re50urresofthe Furnd and have rEasonaWe e¥pecratlonsthatitcaTh contSnueto operate rortheforeseeablefvEure.TherefDrethe'8Oingconcèrrn' basisis used in preparln8financlal rtaternets. 11. Strat¥y TheTrusteescontlnualty revkwthe need50f benefldarte5 and seekto Idei)tlfy any membus of the Re$lnt$Thd thèirdependants aDdto analy5E how best theiTneed5 be met. TheTrustees have pollcles In place covedn8 rfsk mana8emenrinvestment&vvlunteer mona8emeDt,complaints handlln& wulnwable peopk and the 4IreMentS of the General Daia Pmteciion Regviitlon and these are kept Ther rewew. 12. L•tIl5 Le8aciesand donationsfortheyeaiwÈre £7,94712023.£7.130>whlth represent53 terouS le83cyfrorn a Widowol fonnerTrustee ofthe Fund. IS. Publlc Benelt TheTrJ$iee$ confirm that they have careful con51derdtlontothe chartycomm1551on,58eneI8thdnce on public ben¢At and areaf the oplrnlDn that alldOarIonS andylnts rneetthis guidanEe.
ThE LONDON SCOThISH REGIMENT BENEVOLENT FUND REPORT OF THE TRUSTEES Icontlnued) FOR THE YEAR ENDED 31 MARCH 2024 14. Payments to Beneficlarie5 Regular allowances Ind grants are paid to annuftants and beneflciarles. When the financlal end of the yearftsuresare known theTrustees resolve how much, If any+to recommend as grants to external kottish charltyes from surplus income.The recommendationsare dL%¢ussed attheGeneral Meetlngof the Fund and If approved by MEtnber5 pald direct. IS. Statefflent of Trustees Responslbilities Lawapplicable to charltles In England and Wales reqUlrestheTrueeSto prepare Flnanclal Statementsforeach flnancial yearwhich gl¥e a trueand fairviewof the Fund'sflnanclal acti¥itles durlng the yearand of itsfinanclal p0SOn at the end of the year. In preparing Flnancial Statementsglvlng a true and falrview, theTIu5teesare required to.. select suitrble actountlng pollcle5 znd then applythem conslstentty.. ob5ervEthe methods ond prlnclples in the Charities SORP.. makeludgements and accountlng estimates that are reasonable and prudent,. sta* whetherappllcable actounting 5tsrtd#rds and statementsof recommendeil practlce have b2en followed, sublert to any departire5 disc105ed and explaoned In the Flnanclal Statements,. prepare the Financlal Statementson the 80in8 concern ba515 unl255 it15 Inapproprlate to presurnethatthe Fund wlll continue in operntlon. The TnJ5tee5 are re5ponslble for keeplng pmpera¢¢ounting records whlch dlsclosewlth reasonable accuracythe finawal Jy)sFtion of the Fund and which enable them to ensure that the Flnancial Statements comply wlth the appllcable law. Theyare also responsible for safeguardlngthe a55ets of the Fund and hence fortskiE)g rea$ortable stèp5 forthe preventlon and detection of fraud and other I¥Ul¥rY(les. 16. Conclyslon The Fund has reacted quickly to gwe financlal support to (allsfor asslstance, to remove the burdÈn of debts and to aSst wh weware. However,tht ¢ost of thts 5UPPOrtfor Member50f the Fund has been lowerthan in pvIDu5 year5 whlch enabled theTrusteesto prop05è mawng largergrantsto Scottlsh chae5. Legacies and donations are the Source of any Increase of the Fund and our gratitude goes ot0 all previou5 btnèfactors. Any rnonles pledged to the fund are placed Intoour Investment portfolio to achieve income In futureforthe Fund'$ charftable objectlves, primarilyto help London Scottish Members and thelrfamilies. Aftervery manyyearsof servlceto the LSRBF. three of ourTrustees have st•pped downto enable other Members of the fund to becomeTruttees. Myoratttude and thank5 80 to Mortln FeLstead, Stephen Lovelockond ArthurFenwlckfr)r everythingthey have doneto assistth• fund: tach wlll have been Involved In dlfferlng rolesfor aboutthe pastfortyyears, an incredlble comrnltment. Mythanks goto all the Trustees of the Furtd forthelrcontlnued work and suppor( and especlallyto Major Brfan Welsh. HonoraryTrea5urerfor hls WO in preparingthes• annual accounts and to Stuart Bachelor, Honorary SecretaryfoT hi$ work in keeplng the records of the Fund and preparlngthe Mlnutes of meetlnes. AddlOnall¥, l thank our Welfare Trustèe. Jaw Harryman who keeps contatt wrth ourexistin8 ¢llents and assesse5those In need on behaff of the Fund, togethervAth IlalslnE wfth other BenevolentOrEanTsatlons as netéssary. The Benevolent Fund contlnues to gwe longtemi financial assistsnee tosome and has qulckty reacted to help Members In dlfficuk circumstances. The fund Is well placedfinancially and fully ready to give financlal assistance to Its Members In the future. The Tee$cOntInUetO keep a watchful eyeforthose in condttionsof need, hafflshlp or dlstress. La51 yeara150 rea115ed the start of a welcaTned doserrelatlonshlp wtth the Scots Guards which we intend to build upon in the comlng years. Stephen Mlchael K•Dwster Chélrman London Scottkh Reglment Bene¥olent Fund
THE LONDON SCOTTISH REGIMENT BENEVOLENT FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES Independentwmlns reportto the tAtee$ ofThtLondonScottish Reslrnent BenevolentFund I reporttothe trustPP50n rnyexaminatlon of the account5 Ofthe London Scottish Reglm¢Nt Benevolent Furtd (the Trustl forthe yearended 31 March 2D24. Respon51bilitiesand ba4sof report A5 the ¢harttytrustee5 Df the Twust YO are responslble forthe preparation of rhe account5 in accordance wth the requirement5uf the CharfjiSesAct 20111'thèAcVI. I report in rè5PECt of myexarninJtlon Ofthe Trusvs actoumts £arriedoutund¢r se¢tlOn 145 Dfthe 2011 Act artd in cryin80ut my examination i th•ve followed all the applirable Dirortions8iven bythe Charitycommission undÈrsettion 14515llbl of thAct. IndependEntevmlnerfsstatement I have¢ompleted myexamlnatlon. I cortfirmthat no materlal matters havecome to my 8iieAtion connection th the 2xaminiongDJin8 me cawse to bèlievethat in any materlal rE5pett-. l.actouTrtinArecords were not kept in respect oftheTrustas re¢Llred by 5ertion 130 ofthe Att., or 2.thÈaccounls dD nataccordwlth thosefecords.. or 3. theaccounls do not COThp wf(hlhe3ppllcable requirements concerningthe form and tortent of accOnIS sét owt lrnthÈ Charities IAccount5 and Reports) Re8ulatioDs 2008 otherthin any reqrerntnt thatthe accounts Eive a rueand fairvieW whlch is tyot a mattorc¢nsidered as part olèn independÈnte*amin&tlDll. I have 0 concemsand have wme aCfOSS tx¢other matter5 irn conrettlon with the examination to whlch attentlon shoukl be drawn Sn thi5 report in QTderta en3 a proper understandin8offhe accounts to bè rÈach2d. 9Bngd.. St•phen HaleFCA FCCA P•rrys ALMtht Umlted Chart4rnd A¢¢ount•nts Churchdown thambers Bordyke Tanbrldge Kent TN9 INR 24iCJ Izf
THE LONDON SCOTTISH REGIMEKf BENEVOLENT FUND STATEMENT OF FINANCLAL ACTIVITES YEAR ENDED 31 MARCH 2024 Umrestrittd Funds Vnwe51rl(Eed FMds 2023 Ne Incornt and endov4inontsfrom.' 7,947 51,702 498 7,130 48,064 83 Iwestmet)ts Other Total 147 55,177 EKpEndlEuro ¢. Cha¢iiable athties 47.395 8,280 16,447 8,305 Total 5S,675 24,751 4,472 30.525 Nelllosw118aknsoTr IAveskn•nts 12i 16.077 155,1771 Netlncome 20.549 124.6521 B•lJn¢e iAyil Z¢)23 1,228.097 1.252,749 88l¥ne* a131 MJrch 2024 1,248.646 1,228.097 The notes¢n pages 11 to 14form part althe5E IinancialStatementS.
10 THE LONDON SCOTTISH REGIMENT BENEVOLENT FUND BALANCE SHEET AS AT 31 MARCH 2024 zozj 14 Investments 31 IZW,122 1,184?65 Currentknets.. 6rewin Dolphin Bank of 5totland 22,818 27,446 19.936 23,826 50.264 43.762 Cwrent Llabllltte5 630 48,524 43,132 Net CurrentA55ets 48,524 43.132 Tvtsl NetA55ets 1,248.646 1.238,097 Th• Fund5 olthe thartty. Unregtrlrted Funds 1.248,646 L.228,097 The note5 gages 11 to L4foim partofthese Fknanclalstaiements. These Finala1 Statementswere appred on TnJste# and siEne(I by.. half ofthe Wèlsh Tre•gJrer
11 THE LONDON SCOTTISH REGIMENT BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 WRCH 2024 l. Ac¢our¢tln8 Poll¢les lal B451s of prepar8Yon andassessmtntotlhl concern The Flnantial StatÈmèTht5 have been prepared underthe historical e05t conveDtion with item5 reco8nlsed at C05t unl$ otherwse stated in the releyant note to these accountL The Financial Statements have been prepared In accordan with applicable accounting stsndard5. the Statement of Recommended Practi "Acctsuntin8 and Reporiin8 by Charllies prepaiin8 their acwunt5 In accordan wr(h the Flnancial reportin8 stadr atFplicable the UK and Republic if Irelond IFR51021 and the Charitles Act 2011. The TrLtstee5 have taken athantase Df the exernptions in the Flnaoclal Reporting Standèrd No l from the requirernent to prOdce a Cash FIDW 5t3tement on the younds that Ihe Fund 15 a ¢harlty Nlrh iTrcome ss than E5QO.(KKI. The trustees tothsider that there are na maier131 uncertaSntles about the Fund'5 abillty to contlnue as a goln8 concern. Ibl Ineome retwnhlon.. Income is recognised once the charity hès eniiilement to the income. rÉ is probablethotthe Incrme will be rEceivEdand the arnOnt of inwme can be measured re¢lably. (¢1 Expendlturé récortnidon.. ExpldItre is r£cognlsed oncethere Is a legal orconstrKtl¥e oblt8ariornto pay. it is probablE2nd ran measured reliably. Idl ffNed assetlnvesbnents These are Jform of basic fin4ncl81 Instrwment and intlallyiecoEnlsed attheir transxhon v81uÈand 5ubsequenity measured at their falivalue a5 atthe balance 5hpEt date. The Statemernt ol Finantlal Aeii¥iliÈs intludÈs thÈ gÈinsand losses arising cn revaluation. Note 2 showsthe summaryof transactlorns ènd gainsoi ltssses tsrt invÈsiment5 in theyear. lel Inrome frDm tnvestrnents- Incomefrom Investments. Indudlng irnteiest, is irncluded when fftcdVa1e and taTrDnt can be measured rellatty.Thi5 15wrrnally upon recelvinga bankstatemernt or notlfication of Interest pad. lfj Supporttosts: Suppon coms showm in Note 5 and ha¥ebeen fulsv allocaied to tharhable art1]es. 2, Sumrnaryof In¥estrnenttr0nsacbon51ntheyeBr Unre711sed Galn5 Val QpeninNbalarKe5 1 A•ril 1023 Purchases 972A69 186,925 1187,8451 5.114 1,184,965 186,925 1187.8451 5,114 10,963 1,200,122 212.496 RealigÈd 8ath inthèyear Unre8115ed 8ain Inthe year Closing balan5 at 31 March 2024 10.9S3 223.459 976,663
12 ThELONOON SCOTThH REGIAErrtBENEVOLENTFUWJ NOTE&TOTHE FWN¢iAL$YATtMENTS (¢¢rlfn FOR THEYEAREKDED31 R¢Ill4 4k¥) 121 .1 20nSg ID.1 21NI 127 sBprAsM¢D ALkn¥8w¢% IIIAgIJ (4.1551 311 23.740 9FI 40.212 Jp. .1 1452 150•0 .&r4Tr 27.Q36 ll. 1¢,1 S.7 ASNPR¢S1 2SiPJ Vaknel ¢ sejoo ie2 21.40 154 IT zb.1 J11 ($Dn5 •D 449 13A31 11U.PWI ¢oEN I25p• 1.7 9S ¢yo.1Plh ijts) p),1 14 7.•C41 41 51m i.lJ o.lpih J43 14.571 11X XGW t3.604 11,571 1JJll HB¢¥4WTMI 1.950 11.41 4#J 4JgJl1 .011
ThELONDOM VIE¢WENTBENE¢JlET FUNO NOTESONTHEFIMANCL4LSTTÈIAEfitsicorthu•ai FOR THEYÉARÉNDED S1 PIARCH2D24 4tJl W¢1124 IWI Co# SIECwèFfdEI(4 Mu ZI.5B 490 P4.4WD) ISD, iY.T 55.Jl& 2,211 2gk42 J.1 ziii 49.7W 2341 Tarl(lIvJTrhyj a a.5 MP4 14.•]Q )19 4(¢D ,W) 37J P4n+tytrFN 36.FJF .T•7 .Jiv Job 21 7Ury 1.4 71 19.4yn GBPLI r4oMI JTO sj 1>.f EIFAELf 25.711 37 24214 SDi.r¢ ¥Jbi u8EDX1115TLPLUSQEPa Y31J .12Z 55.71m
14 THE LONDON SCOThISH REGIMENT BENEVOLENT FUND NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 31 MARCH 2024 4. An31ys150fotherincome ZOZ4 2013 Bank inlerest 498 498 83 83 S. AnaWsof¢harftable attlvltles 2024 2023 Gift5. grant5and allowances Donat10n5 toother charitles 21,536 24.000 15.905 Supportts)sts= Qfflceexpenses Independent examinÈr's fÈÈ 17 l.B42 1,859 47.395 496 542 16.447 & Expèndtiure on ralslDgfund5 Expendltureon raisingfunds opre5en15 lrnvestrnent management feesand LEI ILÈ8al Entrty Idernvfjerl charge. 7. Analyslsof unrestrirted futhd mo¥ernents 2024 2023 Balince at l April 2023 Incorne Expwditure Investment g31nsllL055esl Balanceat31 Marrh 2024 1,228,097 60,147 1SS,5751 16,077 £1.248,646 1,25J,749 55.277 124.7521 15S,177 ÉL,228.097 Tre5 temuneon and expenses Tru5tee5 Teceive no remuneration or benefttsfor thelrsÈnAce5. There were no related party trèn5Ktlun