INE LOKION scorrisH I￿l￿ENr BENEIIOLENTFUNO FIN114CIALSTAYEMENIS FOR ThEYEAR EIIDED31MAROI 2024 Pale I I￿&t Pa8•52&3 Rof•l4n¢••Th4Adml￿$lrafvl Inform•tl4 PaRes4to 7 Report OftheTrUs￿ts Pw8 Ind•pwdeTht Exam1￿￿$ Report P4Ne g ststem?TrtolNnanrlal Ath6ttes P484 10 •rtbon5 ofneed. h8rd5hip. distress orill hpalth. bl Forgrnnts to be madeto any Scottish Charityor Charitable Corporation. Such gronts shall onlybe rnade if a￿h0￿sed by r$s0luilon ofthe Mernber5 vf The Fund in General Meetin8 providedthatthe notlce of such 8 meetuwincltsdesthe nameof the chartyand the amount of theRraDt proposed. 3. A¢tl¥hles A (London Scottlshl Company. The london Reglrneni wa5 redesignHtwhlth represent53 t￿erouS le83cyfrorn a Widowol fonnerTrustee ofthe Fund. IS. Publlc Benelt TheTrJ$iee$ confirm that they have careful con51derdtlontothe chartycomm1551on,58ene￿I8thd￿nce on public ben¢At and areaf the oplrnlDn that alldO￿arIonS 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 reqUlrestheTru￿eeSto prepare Flnanclal Statementsforeach flnancial yearwhich gl¥e a trueand fairviewof the Fund'sflnanclal acti¥itles durlng the yearand of itsfinanclal p0S￿On 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$ortable stèp5 forthe preventlon and detection of fraud and other I¥￿￿Ul¥rY(les. 16. Conclyslon The Fund has reacted quickly to gwe financlal support to (allsfor asslstance, to remove the burdÈn of debts and to aS￿st w￿h weware. However,tht ¢ost of thts 5UPPOrtfor Member50f the Fund has been lowerthan in p￿vIDu5 year5 whlch enabled theTrusteesto prop05è mawng largergrantsto Scottlsh cha￿￿e5. Legacies and donations are the Source of any Increase of the Fund and our gratitude goes o￿t0 all previou5 btnèfactors. Any rnonles pledged to the fund are placed Intoour Investment portfolio to achieve income In futureforthe Fund'$ 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. Add￿lOnall¥, 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 T￿￿ee$cOntInUetO keep a watchful eyeforthose in condttionsof need, hafflshlp or dlstress. La51 yeara150 rea115ed the start of a welcaTned doserrelatlonshlp wtth the Scots Guards which we intend to build upon in the comlng years. Stephen Mlchael K•Dwster Chélrman London Scottkh Reglment Bene¥olent Fund THE LONDON SCOTTISH REGIMENT BENEVOLENT FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES Independentwmln*s reportto the tA￿tee$ 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 c￿ryin80ut my examination i th•ve followed all the applirable Dirortions8iven bythe Charitycommission undÈrsettion 14515llbl of th*Act. IndependEntevmlnerfsstatement I have¢ompleted myexamlnatlon. I cortfirmthat no materlal matters havecome to my 8iieAtion connection th the 2xamin*iongDJin8 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 accO￿nIS sét owt lrnthÈ Charities IAccount5 and Reports) Re8ulatioDs 2008 otherthin any req￿rerntnt 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 Umrestritt*d Funds Vnwe51rl(Eed FMds 2023 N￿e 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 Fina￿la1 Statementswere appr￿ed 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 andassessmtntot￿lhl 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 sta￿d￿r￿ 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 prOd￿ce 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 arnO￿nt of inwme can be measured re¢lably. (¢1 Expendlturé récortnidon.. Expl￿dIt￿re 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 fftcdVa1￿e and t￿aTrD￿nt 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 balan￿5 at 31 March 2024 10.9S3 223.459 976,663 12 ThELONOON SCOTThH REGIAErrtBENEVOLENTFUWJ NOTE&TOTHE FWN¢iAL$YATtMENTS (¢¢rlfn FOR THEYEAREKDED31 ￿R¢￿Ill4 4k¥) 121 .1 20nSg ID.1 21NI 127 sBprAsM¢D ALkn¥8w¢% IIIAgIJ (4.1551 311 23.740 9FI 40.212 Jp.* .1 1452 150•0 .&r4Tr 27.Q36 ll. 1¢,1 S.7 ASNPR¢S1 2SiPJ Vaknel ¢ sejoo ie2 21.40 154 IT zb.1 J11 (￿￿$Dn￿5 •D 449 13A31 11U.PWI ¢oEN￿ I25p•￿ 1.7 9S ¢*￿￿￿yo.1Plh￿ ijts) p),￿1 14 7.•C41 4*1 51m i.*lJ o.lpih J43 14.571 1*1X XG*W t3.604 11,571 1JJll HB¢¥4WTMI 1.950 11.41 4#J 4JgJl1 .011 ThELONDOM VIE¢WENTBENE￿¢JlE￿T FUNO NOTESONTHEFIMANCL4LST*TÈIAEfitsicorthu•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(lI￿vJTrhyj a a.5 MP4 14.•]Q )1￿9 4(¢D ,W) 37J P4n+tytr￿F￿N 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 u8E*DX1115TLPLUSQEP￿a 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 Tr￿e5 temune￿on and expenses Tru5tee5 Teceive no remuneration or benefttsfor thelrsÈnAce5. There were no related party trèn5Ktlun