Charlty numr. 213074 THE ROYAL CALEDONIAN CHARITIES TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
THE ROYAL CALEtX)MAN CHARMES TRUST Page Reference and adrnlnistrative detaM5 of the Charity. its Tntstees and athise Trustees. report Independent examinerfs repori Statement of financkl activities Balan¢e $heet Notes to the financlal slal•ments 7-15
THE ROYAL CALEDONIAN CHARMES TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2021 Truste The Earf of Kinnoull Mr Andrthv thjrray Charlty r•gist•r•d number 213074 Prlncipal offKe 17r2 London Street Edinburgh EH3 6LY A¢¢ouni•nls James Cowper Kreston Chartered Accountants and Statuiw Au(iitor Read Bridge House George Street ReadNig 8erkshire RG18LS 8anker5 CAF Bank Ltd 25 King Hill Avenue Kings Hil Wesl Maln9 Kent ME19 4JQ Page 1
THE ROYAL CALEDONIAN CHARMES TRUST
TRUSTEES. REPORT
FOR THE YEAR ENoeD 30 SEvfEMBER 2021
The Trustee5 Ixe5enl thtyr annual repcxt ttsJether wth the stalanents the year 1 October 2020 to 30
September2021.
Trustees
The Trustees ed on page 1 served Ihroughout the ar. App(xntment of Trustees is govemed by the
T1 Deed of the charity. Further Trustees are appcinled by mutual agrert of existing Trustees. 11 in the
event of death or for any other reason the nLmber of Trustees falls belcY&V tsvo. the PSident will appoint
Trustee to make up the mlmM nLwnl)er of tr1. TteeS ¢$) not have to aFvly for relection. The Board of
Trustee5 is aulhorised to wpoint Trustee5 to v8rleS arising through re5ynation or death of an
exi51iny trustee.
Investmont poYMr5
The Trust Deed authorises Tnlee5 to me and investThEnts the general funds ol the Chty. The
Trust holds investments li M&G Charrfund logellr Vh soff cash reserves of approxwnately £60,000 10
co¥er eventsrty of a carKel bal.
ConstitIon. objects and pollcles
The Chaiilable Trust is constiluted by Trust Deed. The otpcl of the Trust ts the charitle aid of the Queen
WKloria School. Dunblane or other Charitable purposes Connec with ScotlaThJ.
The Trn's consliiution wuires that it mainlan a SerVe of between SO% •KI 100% of the estimated costs of a
single ball. TFu"s is a pyudenl rneasu to ensu that the Trust can continue in the evwt of the ball hawng to be
carKelled.
Trustees have had regard to the Charty Commissh'S guidance pubk b¥effiL
Development. athitws and xhieveThrts
The Tru5t&s ar¥J executive ¢(Millee meet approxknatety 6 times a year to organlse the ball and lo decide
¢auses to supp)rt. Dur4 COWO-19 crisis the Irust continued to rase fvnds through alternative fund-
raising activiti8s and endeaVOu to sup its charlale catses as best as possth. The charity retwned to sts
mial fund4aisry in 2t)22.
Flnancial review
The COVID-19 crisis again led to the can¢elalion of the Ch.5 rnan furKlraising evenl The Royal Caledonian
Ball which had been sel to be held in Spring 2021. Thg d151 to cancel the Ball was taken early which avoided
Ihe Charity in¢urring the vasl m•)nty of costs normally asscciated with operating a Bal. The Charity was
supported by a generou5 donath.on from the foundalion whth all(?d it to make increased donalKJns to
supported charthes. The ccrfnrThttee and INstees are very grateful f4N this SUFI)Crft.
Total kn¢ome for tr year increased by 37.5% (2020- 79.yh decrease) w)d expenditure whith excludes grants
to charity deLYeased by 26.¢J% (2020- 80.3% decse).
The Trusvs accountiTrJ pol dictate IW the accourts irthle th donKxKs where Ihg recipients hav8 been
notffied as al the rephjrting dae. The Trustees th
TrIE ROYAL CALEDOfrWI CHARMES TRUST TrUSTEES' REPORT (coKfiNUED) FOR THE YEAR ENDED 30 SEPTEhlBER 2021 Grant5 were made to the folbjwing charities (who were, as Th)ted above. onty notified formally in December 2021. meanin9 these donalh)n$ do not appear fomlly the Trust's accounts for the year ended 30 September 2021).. Chai Prime area offocus The homeless Those liwn Youn eo Unwell children enl medical su The disabled Those INin Veterans Youn carers The homeless RCCT Donation £3.000 Borderfine Cerebral Pals Scolknd Oumfries & Gallowa Befriendi Hearts & Minds North Easl Rider Volunteers Ridin for the Disabled Glas le Retreat Scottish Velerans. Residence5 Sk & L¢xhalsh Youn Cafers Sl Catherine's Covent Homeles5 P th cerebral als £3.000 £3.000 £3.000 £3.000 £3.000 £3.000 £3.000 £3.0 Grou th cancer Future developments The trust would lfi(e to thank everyone invow the charity fcrf thar loyal support and they look fopward to ensuring that the ball continues to be the most successful and enjoyable event of the London Season. Statement of Trustees. respons(blli¢ies The Trustees are responsible for preparing the TNslees' Re and the financial ststernents in accordance with applicable and United Jfjngdom AcctyJnting Standards (United Kiigdom G8nerally Accepted A¢¢ounting Practice). The I applicable lo chiiies in Engknd & Wth r8qUiTeS the Trustees to piep financial statemonls for each financial year which give a true fair vw of the slate of affairs of the Charity and of its in¢oming resources and application of fesour¢e5, irKluding is income expenditure, for that period. In preparing these financial statements. the Trustees are requir&1 to.. setect suitsble acCOng polKies appty them consi5tenty, tserve the methods and pnnciples irf the Charits SORP IFRS 1021.. rnake judgemen15 and accounknng ests"mes that are reasonable and prudentr. stale whelhw applble UK Accountsng Standard5 IFRS 102) have been folNed. subject to material departures disckjsed and explained in the finarml stslements,. prepare the financid statements on the gcry concem basts unless it is InapPrnate to presume that the Chanty continue in bUne$S. The Trustee3 are resportsl>le keepwry adequate accounting records thal ¥e sufficient to show and explain the Charivs Iransacbjns and disckjse with asonable accuracy at any lime the financial position of the Charty and enable them to ensure that the finanrial stslements C4)mpty v4ith the Charitie5 Act 2011, the Charity (Accounts and Repartsl RegationS 2008 and the provt5ions of the Trnsl deed. They are also responsible far safeguarding the assets of the Charty aThJ herte ts tth.ng reasonable steps for the prevention and detection of fraud and other Irregularrties. Approved by order of the members of the board of Trustees aTrJ on their behawty. Mr Andrew Murray Trustee Dale..
THE ROYAL CALEDOPWI CHARMES TRUST INDEPENDENT EXAMINEFfs REPORT FOR THE YEAR ENDED 30 SEPTWER 2021 Independent Examlnerfs Report lo the Tnge$ ofThe Royal Caledonlan Charllles Trust {Ihe Char6ty'1 I repryt lo the Truees on my exan8th)n of Ihe xcounts of the Ch for the yw ended 30 September 2021. Respon$ibilttles and Basis of Report As the Trustees of the Charity you are TesponsiL for the preparalm of the accounts in accrydance wilh the requirements ofthe Charties Act 2011 2011 ACY). l Teport in Spect of my eXrInaOn ofth8 Ch$ accounts carrd oth under section 145 of the 2011 Act and ) Carrn9 out my examination I have fdlcMEd the 4)lCable tlirections by the Charity Commission uTrJer 5ectlon 14515)Ibl ol the 2011 Acl. Independent Examlnerfs Statrnt I have completed my examinalKm. I ccffim Ihat mattets cc•ne to my attentTh In coMeCN with the examlnation giving me cause to beleve thal #i any materi respect. xcounting records were rnt kept li respecl olthe Chaiiy as Teqimred by sectiDn 130 of the 2011 Acl". or the accounts do not accord wth Ih05e records: or the accounts th) not c(xnply with the appkth rewirements concemir¥J the fomi and content of counts set Crtrt in the Charities (Accounts and Reports) Regulatn$ 2008 other tlwn any requirement that the accounts give a '1 and la¢ VI is a matter ¢on$hlered as part of an independent exarninalipn. I have concems and haNp ccrfne a¢ro$s Otr matters in connection wh the exarTMnalion to which attention shoukl be dra%ffi in tris rep)rt wi order to enJ18 a proper uThJerstanding of the accounts lo be Teached. This report is made solely lo the Chartys Trusteas. as a tthy. in 7rdanCe th Part 4 of the Charities (Axounls and Reports) Reguw'c5 2CrtJ8. My woth has been undertaken so that I might state lo the Charitys Tfustees those matters l am wuired to state to them in an IrePendent exarrinetrs report and for no other purpose. To the fullesl exlenl pemwlled by law, I do not ac¢ept or assume responsikn'lity to anyone oth8r than the Charity and the Ch5 Trustees as a bch. for my th or for this rep IP. 18 October 2022 Alexander Peal Bsc (Honsl FCA DCIL4 James cow1 Kreston Charted Accounlanls and Stalulffji Authltx Roading Brithje House George Streel Reading Berkshire RG18LS P•Je 4
THE ROYAL cALE[Nl CHARMES TRUST STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 SEPTEMBER 2021 Unrestrictod funds 2021 Total funds 2021 Total funds 2020 Nota Incom• fr. DonatnS and W$ Other trading a¢livities Inveslnknls 31.063 5,921 1J35 31.063 S,921 1J35 13.044 13,193 1,626 Total Income 38,319 38,319 27,863 Expendlture on: Raising fd$ Chaiitablo activ5 12.038 1808 1103B 2.808 16.619 15.000 Total expenditure 14.846 14.846 31.619 Net Incomel{exp•ndSture) beforg net gainsl{losses} on Investments Nel gainslllosses) on investme 23N73 6.529 23,473 6.629 (3.7581 (7,534) Net mov•m•n¢ in funds 30,002 30,002 (11,2901 Ro¢onclllatlon of funds: TO1 funds brought forniard Net movement in funds 78.442 30,002 78A42 30,002 89.732 111.2901 Total funds carried forward 108 108.444 78,442 The Statement of Financial Actsvikntt Ir aa gains and kssses r8cognised in the year. The notes on pages 710 15 foThn pt ofltse finanual Stalen$.
THE ROYAL CALEDOIW4 CHARITIES TRUST BALANCE SHEET AS AT 30 SEpTEER 2021 20 2020 Fixed assets Inveslnnts Current ass•ts 11 30.073 23,544 D8bto Cash * bank and in hand 12 11,000 65.679 816SS 81655 76,679 CdItorS aTh)unts fall'ng due ithin onE 13 142841 {21,781) Net Cunt assets 78,371 Total net assets 108.444 78,442 Charity funds UnresIted lund¥ 14 108.444 78,442 Totsl fund5 108,444 78.442 The fin*cial staemenlswere apprtr4ed and aullwlSed issue by Trustees and signed on ther b8haf ty. Mr Andrew Murray Trustee Dat& 17 . 9¢. The notes on pages 7 to 15 forni part ofllwe financial staeme.
ThE ROYAL CALEt)ONIAN CHARITIE5 TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEM8ER 2021 Accountlng policles 1.1 Basis of preparailon of financlal statwnefits The financi statements have been prepafed in cdCe with the Charities SORP (FRS 1021- Accounling and Reporting by Charlies.. Statemenl of Recommended PraetTh applicable lo charities preparing their accounts Yt accordance wilh the Finanual Reporting Stsnd¥d applicabl8 in the UK and Republic of Ireland IFRS 1021 leffeclive 1 Jwuary 20191. the Financial Reporting Standard applicle in the UK and Rewblic of Ireland IFRS 1021 arKI the Charities Act 2011. The Royal Caledon4n Charities Trust meets the definitK)n of a publ benefft entity under FRS 102. Assets and liabilities are uittiaty recognised at Worical cost transaction ve VeSS dherwise stsled in the rethnt accounting poly. 1.2 Fund accountlng General fund5 are unrestricted fvnd5 thich are avali able for use * the discretion of the Trustees in furtheran of the general objectives of the Chanty ¥d wtrmch have not been designated for other purposes. Investment inco, gains arKI )sSeS are alkated to the appr(yiiale furKt. 1.3 Income l income is recognised ee the Chity has to the NOrne, it is probable that the income WÉI be received and the amount of incom& Teceivable Can be measured reliably. The reCOgnOn of income from legaoe5 is dependent on eslablshing ertillemenl. the probablity of receipt and the aly.lty to estimate Sufft accuracy the amount receivable. Evidence of enlillemenl to a legacy exists en the Charity has suffieienl eviderKe that a gift has been left to them (through krThledge of the exKstence of a fdlKI will and the death of the benefactor) and the executor is satisfied that the prEyerty li questK)n will Th)t be required to satisfy Claims in the estate. Receipt of a legacy must be Cogned it is probable that it will be received the fair value of th8 amount receivable. whith wil be the expected cash amoun(lo bexlistriLwled lo the Charty. can be reliably measured. Inccffie fax recoveraLqe in ielatiDn to Investm is reeognised at the time the investment income is receivable. P4e7
NOTES TO THE FINANCIAL STATEMEKTS FOR TFE YEAR ENDED 30 SEPTEMBER 2021 Ac¢ountlng policles Iconilnued) 1.4 Expendltuve Go¥unance costs a those WKLured conneclvjn with lml$traIon of t and compknce with constitutKKl and stuW reqiirrn Costs of generating funds are costs incurred in attractiry voluntay I0. and those incurred in trading activities that raise funds. Chwtiable aEbvibes and govemarKe costs are inCued on the charitls opabons, irKluding support costs and wsts relating lo the 9)vemance the charty apptined to chble activities. Grants payable we Charged in the ye¥ when Ihe offer is nwde except in those cases where the offef is ccfidilional, such grant5 being recogr¥sed a5 expenthlure when the ¢ondth"ons attachng are fulfiled. Grants offered Su.eCt to condrtions have not been mei ai the year end are noted as a ommitmen( bLrt not accwed as expen(rrture. Al expendiiure is rUsive of Krecov&le VAT. 1.5 Investments Fixed asset investments a a fomi of financial inslrument a init.ially recognised at their lransacb.on cost and subsequenty measured at fa va]ue al the Balan¢e sheet date, unless the value cannot be rneasure(i le.a in whth tsse it is measured at cost less impairnent. Investment gains and losses. vthether realised or Lmreaiised. are ccwnlyl We$ted as 'Gain51{L05sesl on vestmerts. in the Statemenl of financ?al activities. 1.6 Interest rncoivable Inl8re51 on fLmds held on depogt is when recervable and the amount can be measured reliatty by the chty, thi5 is rnxmaty upon Tr)t'ffiGation of the inte$t pa or payabl8 by the Institutxjn ryth whom the lund5 are deposrted. 1.7 Debto Trade other debtots e recoyimsed al SettknnI anount after any tradè disccMJnl offered. Prep8ymenls are valLd at the prepaNI net d anytr discounts due. 1.8 Cash at bank and In hand Cash at bar and in hand cash and short-l i)¥estrnents wilh a short maturity of three n1th$ or le55 from d of wuisiknon or opening of the depo&l crf $imlar account. 1.9 LlablllUes and pmvlsions Liabllilies are reccrfwised when Ilwe bs a) ci)Iwkn * the BakwKe sheet date as a result of a pasl event. it 15 proble that a transfer of ernnC benefit be required in settlement. and the amount oflhe settlement can be es&"maled r&abty. Liabilities are recognised al the amount that the Chty tiCIpe5 it pay to seth the debt or the amount il has reced ès advanced paYnIS the goods cx services rt mu51 provide. Provislons are measured at the besl estimate ofthe aMunts required lo settle the ob1vn. Where the effect of the Value of money is matertal. the wwsion Is based the present value of those arnOts. discounted at the pr&tax th'scoLmt rate th* refiects the risks specffic lo the liability. The unwinding of the discount is •nised in th8 Statemenl of finanril activlies as a finance cost.
THE ROYAL CALEOONIAN CHARMES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 Accountlng cleS (contlnued) 1.10 Financlal Instruments The Charity (lY has financial assets and ffinancia rta)Ii iiies of a kind that qualify a5 basic financial slrLments. Basic finanryal instruments e #iitialty recognbsed at transaction value and subsequent measured al ther settlement value with the excepts'on of bank which are SUbseqL1 measured at amortised cost usiThJ the effe#i¥a interest melhod. Income from donatlons and l•gaci•s Unrestri¢ted funds 2021 Total funds 2021 Total fund5 2020 Donaliws TKket donations 31.063 31,063 5,533 7,511 Total 2021 31.063 31.063 13.044 Total 2020 13.044 13.044 InGome from other trading actlvS Income from fundrdising events Unrzstricted fund$ 2021 Totrl fvnds 2021 Total funds 2020 Ball Irckets Programme income Subscri)tions from pall$ Other event income 2,077 3.500 5.921 5,921 1.770 Total 2021 5,921 5.921 13.193 T¢)tal 2020 13.193 13,193 Pa99 9
THE ROYAL CALEDONIAN CHARMES TRUST NOTES TO THE FINANCIAL STATEMEIWJ FOR THE YEAR ENDED 30 SEPTEMBER 2021 Inveslment Incom• Unrestrfcled fvnds 2021 Total funds 2021 Total funds 2020 Ir£ome from listed inveslffents Intefest rec&v4)le 1.330 1.330 1,575 51 Total 2021 1.335 1,335 1,626 Total 2020 1.626 1.626 Expendlture on r•15ing tsnds Costs of rnlslng voluntary incom• Unrestricted funds 2021 Total funds 2021 Total fvnds 2020 Orchestra and ppers ALttitin expenses Programme costs Adverhsir9. slatwery and printiThJ exP&e5 Otr event costs Athiinislratim and ¢)ffice expwtses Bank charges SecretaTls fees Website cost5 1.(N)O 1,OlXI 2.498 226 193 2,498 226 193 5.016 1,556 1,259 8.000 205 121 121 8,000 Totsl 2021 12.038 12.038 16.619 Total 2020 16.619 16,619 Page 10
THE ROYAL CALEtX)NIAN CHARMES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 Analysis of expendlture on ¢harltsble acllviti Summary by fund type UnrestTiCted funds 2021 Total 2021 Total 2020 Oonations 11.000 4,000 2.808 2.808 Total 2021 2.808 2,808 1S,000 Tolal 2020 15,LWJO 15.000 Anatysis of exPendIr• by a¢tivltle5 Grant funding of actlvltles 20 Support Total funds 2021 Total funds 2020 2021 Don*i?ns Governar costs 11,000 4.000 2.808 2,808 Total 2021 2,808 15.000 Total 220 11.(0 15.000 Page11
THE ROYAL CALEDONIAN CHARMES TrUST NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR EN(ED 30 SEPTEMBER 2021 Aftatysls of grants Grants to Instiiutions 2021 Total funds 2021 Total fvnds 2020 f>ants 11,000 In l)ecember 2021. thé Chaty grted £30.000 lo institK5. F(Y detabi . see the Trustees, report page 3. The Chwity has fflade the fdkyry matena gis to dIng the yew. 2021 2020 Bordedine Cerebal Palsy S¢ottand {fcrfmety Bcbath) Ersne Care Home5 Hear15 and Minds Maggp's (Cancer Cenlres Scotlarnll Rvjing hr the Disabled (Glasgtr Gro) Skye & Lochh Young Ca St Catherine's Homeless Prqect The Huhland H05fAce Waverfey Care soo 1250 1250 1250 1.(100 1.250 1,000 11,0th) Indwd•nt •xamlnerfs rwnuneratlon The independeni examirf5 fwnunerm amints to thp8ndenl examiner fee of £9 12020 - £918}. 10. Trust•es' remunerntk•D and expgn During the year. no Ttee5 receiwd any remurEration or othw benefils12020- £NIL). Durkng the year ended 30 Sewember 2021. Th) Trusiee exrenses have been ffKurred {2020- £NIL). PJe 12
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 11. Fixed asset Inveslm•nts Usted se¢uritles Cost or valuation At 1 Octobef 2020 Revaluations 23.544 6.529 At 30 September 2021 30.073 Al fixed asset investrrth5 are held in the UK. 12. Debtors 2021 2020 Prepawnenls and accnjed income 11.000 13. Crodltors: Amounts falllng due within one y& 2021 2020 Grants payable Other creditor5 11,000 10.781 4,284 21.781 Page 13
THE ROYAL CALEDONIAN CHARITIES TRUST NOTES TO THE RNANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 14. Statwnenl of funds statement of funds. current yoar Balance at 30 Gainsl September Incom• Eyndiiure (Losses) 2021 Balance * 1 October 2020 UnRstrlcted fvnds General funds n.442 38,319 114.8461 6,529 108.444 ststement of funds- wlor year Babnce at 30 Gainsl SeFlember ILosses) 2020 Ba at 1 October 2019 InC¢e Expendure Unrestricted fvnds General knds 89,732 27.863 131,619) IT,534) 78,442 P*Je 14
THE ROYAL CALEtKINIAN CHARMES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 15. Analysis of assets bètweèn tsnds Analysls of net assets betn funds- current year Unrestricted funds 2021 Total funds 2021 Fixed asset investments Current assets cditorS due within one year 30,073 82,655 14,2841 30,073 82,655 14,284) Total 108.444 108,444 Analysi5 01 net assets betThn lunds. Prior year Unrestiicled fd$ 2020 Total funds 2020 Fixed asset investments Current assets Creditors due WhIrt one se 23.544 76.679 {21.7811 23,544 76,679 121.7811 Total 78,442 78,442 Page 15