Charity registration number 209994 {EnglarKI and Wales THE MACDONALD-BUCHANAN CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE MACDONALD-BUCHANAN CHARITABLE TRUST CONTENTS Page Legal and administrab-ve information Trustees, report ststement of trustees, responsibilities Independent examiner's report Statement of financial &tivities Statement of financial w)sition Statement of cash flOS 11 Notes to the accounts 12- 18 Investment schedule
THE MACDONALD-BUCHANAN CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA R Macdonald-Buchanan (Chairman) Mr H J Macdonald-Buthanan Mrs J C Lascelles Miss C M Lascelles Charity number 209994 Principal office l address for appeals Rathbones Trust Company Limited 30 Gresham Street London EC2V 7QN Independent examiner Kerry Roberts TEP FMAAT MCSI Clo Rathbones Trust Company Limted Port of Liverpool Building Pier Head Liverpool L31NW Solicitors Currey & Co 33 Queen Anne Street London W1G 9HY Investment advisors I bankers Rathbones Investment Managernent Limited 30 Gresham Street London EC2V 7QN
THE MACDONALD-BUCHANAN CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report and accounts for the year ended 31 EÈcember 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to tIE accounts and comply with the charitys deed, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financpl Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).. Objectives and activities The trustees hold unrestricted fijnds from which they make donations to such charitable bodies and insts-tutions at such times and in such manner as the trustees may, in their absolute discretion, think fit. Other than the operation of the investment portfolio no other fund raising activity is undertaken to support the work of the charity The trustees consider the fijnds held as deffined as capital and income and hold those fijnds wth a view to distributing the income generated from the investment portfolio and, as far as may be necessary, the capital for or towards the grants the trustees have decided lo make, Public benefil The trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. The trustees support a number of charitable organisations, as shown wrthin note 21 to the financial statements. The trustees believe all the donations made are for the public benefit. Charitable activities The trust is solely involved in grant making, and as suth, the aclivities r( undertakes pertain to raising and maintaining funds for the application of its chosen grants. The trustees consider that they can continue to ftjlfil the terms of the trust by mking grants to both the Carriejo and Orrin Charitable Trust. As the trustees recognise that the trust has significant reseNes, these donations, which were previously set at £25,000 per charity per annum, were increased to £45,000 per charity for this year only. The trustees had committed to cover additional donations totalling £75,000 for the years to 31 Dember 2021, 2022 and 2023 to The Master Charitable Trust. These were paid in fvll in the year to the 31 December 2024 by way of payment to The Master Charitable Trust along with the sum of £45,000 agreed during the year. In addition, the trustees decided to make payments of £20,000 to Bowel Cancer UK, Cure for Parkinsons and Race against Dementia as well as £5,000 each to Commonwealth War Graves and Hospital John Langham.
THE MACDONALD-BUCHANAN CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grant making policies The trustees meet annually to review applications for fvnding. Only successful applicants are notified of the Irustees, decision, The trustees donated a total of £210,000 to the charitable trusts of the family so that the indimdual trustees can take over the responsibility for allocating the more modest donations to the national and local charrties with which they or their respective family members have a close personal affinity- In this way, it is hoped that this will reduce the administration burden on the charity and reduce costs incurred in administration and accounts production, Further to the above, the trustees also choose to make additional grants to a variety of charib'es. The trustees review this annually. The remaining annual income of the charity is to be allocated by the trustees to more substants-al projects. The trustees will individually research projects and bring proposals to their annual meeting for diUSsion and debate. 11 is acknowledged that some projects are likely to require significant funding and, therefore, there will be occasions when the income allocated to these projects wll either need to be accumulated or committed for a number of years in order that a substantal donatson can be granted. All appeals are reviewed by the trustees, although they favour those tharities which have been introduced by family and friends, who have personal knoedge of the charity's aims. By defining the grant makn'ng policy, the trustees hope to provide a more significant benefit to successful applications. During the year under review, the trustees resolved to make donations, as detailed in note 21 of these accounts, Achievements and perfomiance During the year the trust generated sufficient income from the invesknents held to enable the trustees to fvlfil their aim of making donations. The trustees made charitable donations during the year of£280,OCK) (£122,500 in 2023)
THE MACDONALD-BUCHANAN CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Investment perfomiance The investment objedwe for the Charity is for a balance belween capital growth and income generated over the long-term, in line with the agreed benchmark of CPl+4 %, as determined by Rathbones, tenns of business, in line with risk strategy 5. Following a meeting with the trustees, the benchrnark was changed in April 2024 to ARC Steady Growth and CPl+4 %, the previous benchmark was 50 % FTSE 100, 40% FTSE All World ex UK and 10 % cash. As of 31 December 2024, the portfolio was valued at £4.170.510 with an estimated gross annual income of £102,590, hence a yield of 2.46010. Over the year to 31st December 2024, the wrtfolio generated 10.8% on a total return basis (net of fees)- The Benchmark rose 6.6 %, For information the UK Gilt market, on a total return basis, fell 3.30/c whilst the ARC Steady Growth, which is a peer comparator index, retumed 7.90/0. Over the 12-month period to 31 December 2024, global market returns continue to remain very narrow, with the 'magnificent 7, stocks contributing to almost 60% of returns of the S&P 500. In the UK, the budget has caused bond yields to steepen and returns for the gilt market to be negative once again. Also, burgeoning government borrowing both in the UK and US has added to concerns. Over the year equity was increased to 85% whilst cash and fixed income reduced to 110/0. Within equity, UK exposure was reduced to 32 /0 in favour of international markets lch represents 53%. Diversifiers iepresents 40/0 of lch 1 O/D is infrastrLKture funds yielding 70/0 and 3 % in gold. Of the individual stocks and fvnds held, the SPDR S&P 500 ETF and the Edgewood US Select Growth knd are the only holdings to exceed more than 5/0 of the portfolio. The holdirTrJs across the portfolio continue to be well diversified across different sectors both wthin the UK and overseas, generating income and capital growth, in4ine th the risk profile and investment objectives of the Fund. Looking ahead, the key factor for equity investors next year will be the health of the US economy If growth conts-nues, stocks should do well. However, there are concerns over the Us's economic policies under President Trump, particularly around the potentially inflationary impact of tariffs and restraints on immigral'on, as well as the ever-expanding budget deficit. This has in turn caused US Treasury yields to rise, In the UK, the market's negative response to the budget and other government initiatives has been measured by the steep rise in bond yields. However, any signs that inflation is abating faster could give equities a boost and despite the selloff in government bonds, they could prove their worth as diversifiers by moving in the opposite direction if equity markets experience a signifficant fall. Furthermore, there is no doubt geopolits'cal tensions will continue, particularly wth China and the Middle East. Despite the challenges that 2025 may bring, the positive market returns of 2024 have reinforced the importance of sticking to a disciplined investment approach, Financial review Total incoming resources were £116,006 (£119,330 in 2023), with £292,124 (£136,300 in 2023) being committed to charitable activities of which £12,124 (£13,800 in 20231 relates to support and governance costs. Costs of fvndraising amounted to £12,142 (£11,027 in 2023). There was an unrealised gain of £390,341 (gain of £235,434 in 20231 on investments and in addition a realised (loss) of £78,281 (loss of £9,999 in 2023) resulting in net inflow of funds of £123,800 (inflow of£197,438 in 20231. The trustees aim to retain the capital of the charity in order to generate future income so that rt may be distributed in accordance with the ainB and objectives of the charity in each financial year. Policy on Resenies The trustees do not maintain a set amount of income as free reserve& The trustees ensure that irrome levels are regularly reviewed to er6ure they hold sufficient fijnds to meet with their tUre objectives. As at 31 December 2024 the balance held on unrestricted reseNes was £4,296,358,
THE MACDONALD-BUCHANAN CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Investment policy As there are no specific restrictions of investment powers under the governing deed, the trUStS have full discretion over the investments held. The trustees have delegated their investment powers to Rathbones Investment Management Limited to have 11 discretionary day to day control of the investments. The trustees have in place a policy statement that been agreed wth Rathbones Investment Management Ltd. Assels have been a(4uired and disposed of in accordance with the powers available to the truslees. This policy statenEnt is in the process of being updated and On amended, will be reviewed bi-annually in fvture. Risks The trustees are responsible for the managernent of the risks faced by the charity. Risks are identified, assessed and controls established throughout the year. A formal review of the charity's risk management process is undertaken on an annual basis and the key risks identified are as follows= Investments These risks are mitigated by engaging an independent investment manager who is regulated and in high standing in the market place. Cash These risks are mitigated by having income mandated direct to the trust's bank accounts and payments are currently only made to registered charities. Through the risks management processes established, the trustees are satisfied that the maN)r risks identified have been adequately managed where necessary It is recognised that systems can only provide reasonable Ixjt not absolute assurance tlrt major risks have been adequately managed. The major risks to which the charity is exposed a5 identified ty the trustees have been reviewed and systems have been established to manage those risks. Plans for futu re periods The trustees (as discussed at their last meeting) feel that they would like to focus the giving of the charity on three or four seGtors of the charity spectrum. The trustees further agreed that they were now more concemed with helping to alleviate issues within the wider community, and they identified these areas as young mental health: cancer and other slow releasing diseases. In addition as the trustees recognise that the charity's reseNes have accumulated over the years, they will consider increasing the monetary level of donab-ons being made. structure, governance and management The Macdonald-Bucharwn Charitable Trust was established by a charikble trust deed dated 9 December 1952. The trustees are to hold the capital and income of the trust fund upon trust to apply the income, and as far as may be necessary, the capital for and towards such chartiable objects and purposes and to rnake donations to such charitable bodies or ir6b'tutions in the United Kingdom or any other part of the world at such times and in such manner as the trustees may in their absolute discretion think fft, The trustees served during the year and were also in office at the date of signing the financial statements were.. Mr A R Macdonald-Buchanan (Chairman) Mr H J Macdonald-Buchanan Mrs J C Lascelles Miss C M Lascelles Recruitment and appcintment of new trustees The statutory power ofappointing new trustees applies to the charity and is vested in the continuing trustees.
THE MACDONALD-BUCHANAN CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The charity's other advisors are noted on page 1. Organisation and decision-making structure The trustees meet on an annual basis. At this meeting, the investment managers present to the trustees on the performance of the investment portfolio, the trustees review the annual financial statements, and they also consider applications for fvnding. Investment performance and income levels are monitored on a half yearly basis en a report is sent to the trustees. Induction & trustees. training The trustees have been made aware of the need for training, particulady with regard to understanding risks inherent to the management of a larger trust fund. Accounts The trustees are satisfied with the financial position of the charity and confirm that they have adequate setS available to fijlfil their obligations and the accounts comply with current statutory requirements. The trustees, report was approved by the Board of Trustees. Mr A R Macdonald-Buchanan (Chairman) Trustee 20 October 2025
THE MACDONALD-BUCHANAN CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILrriES FOR THE YEAR ENDED 31 DECEMBER 2024 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 Pccepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare finanaal statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources ofthe charty for that year. In preparing these financial statements, the trustees are required to,, select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to wesunE that the charity 11 continue in operation. The trustees are respor6ible for keeping sufficient accounting records that disclose with reasonable accuracy at any 'me the financial positi'on 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 trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detectior) of fraud and other irregularities.
THE MACDONALD-BUCHANAN CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MACDONALD-BUCHANAN CHARITABLE TRUST I report on my examination of the financial statements of The Macdonald-Buchanan Charitable Trust (charity registration number 209994) for the year ended 31 December 2024 which are set out on pages 9 to 29, This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My examinats-on has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in an Independenl Examiner's report and for no other purpose. To the fvllest extenl permitted by law, I do not accept or assurne responsibility to anyone other than the charity and the charity's trustees, as a body, for my work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the charity's trustees of the charity you are responsible for the preparation of the ffinancial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act) I report in respect of my examination of the charity's financial statemer)ts carried out under secton 145. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5)(b) of the Act. Independent examiner's statemenl l am a member of an approved accounting body and give due consideration to the provisions of the Revised Ethical Standard 2019 issued by the Financial Repjrting Council (FRCI at all times. Rathbones Trust Company has provided accountancy services in accordance wth the terms of engagement agreed by the trLBtees. I do not report to the bookkeeper or a¢xounts preparer in any respect. I have completed my examination. I confirm that no material matters have come to my attention in connection wth the examination giving me cause to believe that in any material respect.. accounts-ng records were not kept in respect ofthe charity as required by section 130 of the Charities Act 2011. the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of financial ststements set out in the Charities (Accounts and Rep)rtsl Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examinab-on. I have no concerns and have come across no other matters in connection wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Kerry Roberts TEP FMAAT MCSI Clo Rathbones Trust Company Limited Port of Liverpool Buildi Pier Head Liverpool L3 1 NVIJ Dated.. 28 October 2025
THE MACDONALD-BUCHANAN CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Unrestricted funds funds 2024 2023 Notes Income from.. Investment income Other income 107,951 8,055 108,097 11,233 Total income 116,006 119,330 Expenditure on: Raising funds 12,142 11,027 Charitable activities 292,124 136,300 Total resources expended 304,266 147,327 Net (expenditure) before investment gains (188,260) (27,997> Net gains on investments 11 312,060 225,435 Net movement in funds 123,800 197,438 Fund balances at 1 January 2024 4,172,558 3,975,120 Fund balances at 31 December 2024 4,296,358 4,172,558 The statement of financial activities includes all gains and losses reccgnised in the year. Al Irome and expenditure derive from continuing activities.
THE MACDONALD-BUCHANAN CHARITABLE TRUST STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Investments 13 4,170,510 3,883,826 Current assets Debtors and prepayments Cash at bank and in hand 14 20,234 121,214 4,480 349,068 141,448 353,548 Creditors: amounts falling due within one year 15 (15,600) (64,8161 Net current assets 125,848 288,732 Total assets less current liabilities 4,296,358 4,172,558 Income funds Unrestricted fijnds 4,296,358 4,172,558 4,296,358 4,172,558 The notes on pages 12 to 18 form part of these financial statements. The accounts were approved by the Trustees on 20 October 2025 Mr A R Macdonald-Buchanan (Chaimianl Trustee 10-
THE MACDONALD-BUCHANAN CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating activities Cash absorbed by operations 19 (361 ,414) (113,7741 Investing activities Purchase of investments Proceeds on disposal of investments Investment income received (551 ,3221 578,900 108,184 (566,167) 593,225 108,097 Net cash generated from investing activities 135,762 135,155 Net Idecrease)lincrease in cash and cash equivalents (225,652) 21,381 Cash and cash equivalents at beginning ofyear 355,697 334,316 Cash and cash equivalents at end of year 130,045 355,697 Relating to: Cash at bank and in hand Short term deposits induded in current asset investments 20 121,214 349,068 8,831 6,629 11
THE MACDONALD-BUCHANAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity infomiation The Macdonald-Buchanan Charitable Trust is an unincorporated charty registered charity number 209994. 1.1 Accounting comiention The financial statements have been prepared in accordance 'Accounting and Reporbng 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) (Sec(fftd Edition), and the Financial Reporting Standard applicable in the United lQngdom and Republic of Ireland (FRS 1021 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. 1.2 Going concern The trustees consider there are no material uncertainties about the charity's ability to continue as a goi concern. The review of our financial position: reserves levels and futtjre plans gives trustees confidence the charity remains a going concern for the foreseeable future. 1.3 Charitable funds Unrestricted fijnds are available for use at the discretion of the trustees in fijrtherance of their charitable objectives unless the funds have been designated for other purposes. 1.4 Incoming resources Investment income is COunted for on an accruals basis in the period to which it relates. Donations received by the charity include the related gift aid credit where applicable. Donations are accounted for en any conditions for receipt have been met and there is reasonable assurance of receipt. 1.5 Debtors Debtors are recognised at their expected settlement amount. 1.6 Cash and cash equivalents Cash at bank and Gash in hand includes cash and short term highly liquid investments with a short maturity of three months or less fr(Mn the date of acquisition or opening of the deposit or similar account. 1.7 Creditors Creditors are reCognid ere the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after aiowing for any discounts due. 1.8 Resources expended Management and administration costs comprise those costs incurred in running the Charity. They have been apportioned on the basis of time spent been charitable activities, cost of raising funds and governance costs. Governance costs consist ofthose costs assoaated wrth the overall running of the Charity and meeting statutory and regulatory requirements, Grants are included in the financial statements when approved by the Trustees and notified to recipients. The value of committed grants unpaid at the year end is accrued. Grants offered that are subject to conditions that have not been met at the year end are noted as a commitment but nol accrued as expenditure. All fvnds are unrestricted. 12-
THE MACDONALD-BUCHANAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.9 Financial instrurnents Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transacti price including transaction costs and are SLJbsequently carried at amortised cosl using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value ofthe future receipts dIsunted at a market rate of interest. Other financial assets, including investments in equity instruments thich are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price, Such assets are subsequently carried at fair value and the Ghanges in fair value are recognised in net incornel<expenditure), except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less irnpairment. The trustees do not invest in any complex financial instruments. 1.10 Investments Fixed assets investments represent listed investments which are stated at market valuation, where markel value represents the mid market value on the last trading day before the year end. Any unrealised or realised gains arising from investments are accounted for in the Statement of Financial Activities. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, ests-mates and assumptions aboLrt the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assurnptions are based on historical experience and other fact(Ks thal are considered to be relevant. Actual results may differ from these eslmates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recogni*d in the period in which the estimate is revised where the revision affects (nly that period, or in the period of the revision and fijture periods where the revision affects both current and fijture periods. Investment income 2024 2023 UK dividends Unit trust interest UK fixed interest UK propety dividends Overseas dividends Overseas interest 68,811 3,922 17,657 2,745 13,180 2,281 69,433 3,685 7,117 3,770 19,994 3,268 108,596 107,267 Less: Overseas tax deducted Accrued income (233) (412) 830 107,951 108,097 13-
THE MACDONALD-BUCHANAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Other income 2024 2023 Bank interest 8,055 11,233 Raising funds 2024 2023 Investment management fees 12,142 11,027 12,142 11,027 Charitable activities 2024 2023 Grants payable (see note 7) Governance costs (see note 81 280,000 12,124 122,500 13,800 292,124 136,300 Grants payable 2024 2023 General 280,000 122,500 All of the above were payable to institutions as detailed in note 21 of Ihese accounts. 14-
THE MACDONALD-BUCHANAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Govemance costs Support Govemance costs costs 2024 2023 Basis of allocation Trust administration fee Independent examiners, fee Independent examiners, fee over provision from previous year Bank charges 12,000 1,800 12.000 1,800 12,000 Governan 1,800 Governan Governance (1,716) 40 (1,716) 40 Governance 12,124 12,124 13,800 Trustees remuneration and benefits None ofthe trustees (C any persons connected with them) received any remuneration, benefjts or reimbursed expenses from the charity during the year. 10 Employees There were no employees during the year, or the previous year. 11 Net gains on investments 2024 2023 Revaluation of investments (Loss) on sale of investments 390,341 (78,281) 235,434 (9,999) 312,060 225,435 12 Taxation The charity is exempt from taxation on its activities because all of its income and gains are applied for charitable objects. 15-
THE MACDONALD-BUCHANAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Fixed asset investments Listed investments Cash in portfolio Total Cost or valuation At 1 January 2024 Additions Valuation changes (Loss) on sale of invesbnents Cash available to invest Disposals 3,877,197 814,809 390,341 (78,281) 6,629 3,883,826 814,809 390,341 (78,281) 2,202 (842,3871 2,202 (842,3871 At 31 December 2024 4,161,679 8,831 4,170,510 Carrying amount At 31 December 2023 3,877,197 6,629 3,883,826 2024 2023 Listed investments Cash in investment portfolio 4,161,679 8,831 3,877,197 6,629 4,170,510 3,883,826 14 Debtors falling due within one year 2024 2023 Prepayments and accrued income 20,234 4,480 15 Creditors falling due within one year 2024 2023 Accruals and deferred income Other creditors 15,600 17,316 47,500 15,600 64,816 16-
THE MACDONALD-BUCHANAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unrestricted funds The unrestricted fijnds ofthe charity comprise the unexpended balances of donations and grants lch are not subject to specific conditions by donors and grantors as to how they may be used. These include designated fvnds which have been set aside out of unrestricted fvnds by the trustees for speciffic purposes. At 1 January 2024 Incoming Resources resources expended Gains and losses At31 December 2024 General ftjnds 4,172,558 116,CK)6 (304,2661 312,060 4,296,358 Previous year: At 1 January 2023 Incoming resources Resources expended Gains and losses At31 December 2023 General ftjnds 3,975,120 119,330 (147,3271 225,435 4,172,558 17 Financial commitments, guarantees and contingent liabilitie5 The trustees had comrnitted to cover additional donations totalling £75,000 for the years 31 December 2021, 2022 and 2023 that should have been made in those respective years but could not be made because the organisats-on concerned could not accept the funds paid. The total commitment of £75,000 was settled in the year to 31 December 2024, 18 Related party transactions The following payments were made to charities of which the undermentioned respective trustees were also a trustee. A grant of £45,000 (£25,000 in 2023) was made to the Orrin Charitable Trust of which Mr F4 J Macdonald- Buchanan is a trustee. A grant of £45,000 (£25,000 in 2023) was made to the Carriejo Charitable Trust of which Mrs J C Lascelles is a trustee, 17-
THE MACDONALD-BUCHANAN CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Cash generated from operations 2024 2023 Surplus for the year 123,800 197,438 Adjustments for.. Investment income recognised in statement of ffinancial activities Loss on disposal of investments Fair value gains and10&8es on investments (108,1841 78,281 (390,3411 (108,097) 9,999 (235,434) Movements in worknng capital,, (Increase) in debtors (Decrease)lincrease in credrtors 115,754) 149,216) (4,480) 26,800 Cash absorbed by 0rationS (361 ,414) (113,774) 20 Cash and cash equivalents 2024 2023 Cash at bank and in hand Cash available to invest 121,214 8,831 349,068 6,629 130,045 355,697 21 Donations made during the year 2024 2023 Carriejo Charitable Trust Master Charitable Trust Orrin Charitable Trust Bowel Cancer UK Cure for Parkinsons Race Against Dementia Racing Welfare Commonwealth War Graves Hospital John Langharn Trussell Trusl James, Place Chefs in School Stowe School 45,000 120,000 45,000 20,000 20,000 20,000 25,000 25,000 25,000 5,000 5,000 7,500 20,000 10,000 10,000 280,000 122,500 18-