**Charity no. 221335 (England and Wales) Scottish charity no. SC013771** **The Crerar Trust Financial Statements For the year ended 5 April 2022** ## ## |`Scottishcharitynumber:`|`$C013771`|| |---|---|---| |`Englishcharitynumber:`|`221335`|| |`Registeredoffice:`|`Newmains`|| ||`Stenton`|| ||`Dunbar`|| ||`EastLothian`|| ||`EH421TQ`|| |`Principaloffice:`|`TheMillHouse`|| ||`Samuelston`|| ||`EastLothian`|| ||`EH414HG`|| |`Trustees:`|`PaddyCrerarCBE`
`JeanetteCrerar`|`(resigned26August2021)`
`(resigned26August2021)`| ||`JamesBarrack`
`SheilaCrerar`|`(resigned26August2021)`
`(resigned26August2021)`| ||`CrerarTrusteeCompany1 Limited`|`(appointed26August2021)`| ||`CrerarTrusteeCompany2 Limited`|`(appointed26August2021)`| ||`Thedirectorsofthesecompaniesarelistedonpage4 `|| |`MembersofCouncil:`|`JohnWilliams`|| ||`MichaelStill`|| ||`ClaireSmith`|| |`Bankers:`|`AdamandCompanypic`|| ||`25StAndrewSquare`|| ||`Edinburgh`|| ||`EH21AF`|| |`Auditor:`|`SafferyChampnessLLP`|| ||`EdinburghQuay`|| ||`133Fountainbridge`|| ||`Edinburgh`|| ||`EH39BA`|| |`InvestmentManagers:`|`MclnroyandWoodLtd`|| ||`EasterAlderston`|| ||`Haddington`|| ||`EH413SF`|| |`GeneralSecretary:`
|`ClaireSmith`
|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||`Note`|`Unrestricted`|`Designated`|`Restricted`|`2022total`|`2021total`| |---|---|---|---|---|---|---| |||`funds`|`funds`|`funds`||| |||`£`|`£`|`£`|`£`|`£`| |`Incomeand`||||||| |`endowmentsfrom:`||||||| |`Investments`|`4`|`90,565`|`-`|`-`|`90,565`|`79,366`| |`Total`||
`90,565`|
`-`|
`-`|
`90,565`|
`79,866`| |`Expenditureon:`||||||| |`Raisingfunds`|`5`|`9,720`|`-`|`-`|`9,720`|`10,458`| |`Charitableactivities`|`6`|`80,211`|`-`|`-`|`80,211`|`152,546`| |`Total`||
`89,931`|
`-`|
`-`|
`89,931`|
`163,004`| |`Netexpenditure`
`beforegains/(losses)`||
`634`|
`-`|
`-`|
`634`|
`(83,138)`| |`oninvestments`||||||| |`Realised(loss)/gain`
`oninvestments`|`7`|`-`|`(98,996)`|`~`|`(98,996)`|`82,648`| |`Unrealisedgainson`
`investments`||`~`|`528,478`|`-`|`528,478`|`1,156,881`| |||
`-`|
`429,482`|
`-`|
`429,482`|
`1,239,529`| |`Netmovementsin`
`funds`||
`634`|
`429,482`|
`-`|
`430,116`|
`1,156,391`| |`Reconciliationof`||||||| |`funds`||||||| |`Totalfundsbrought`
`forward`||`(6,829)`|`5,755,783`|`5,600,050`|`11,349,004`|`10,192,613`| |`Totalfundscarried`
`forward`|`12`|
`(6,195)`
|
`6,185,265`
|
`5,600,050`
|
`11,779,120`
|
`11,349,004`
| 16 December ## ## ## ## ## ## ## ## ## ## ## ## ## ## |`3`|`Income`|`2022`|`2021`| |---|---|---|---| |||`£`|`£`| ||`incomeisstatedaftercharging:`||| ||`Auditor’sremuneration`|
`4,400`|
`2,810`| |`4`|`Investmentincome`|`2022`|`2021`| |||`£`|`£`| ||`Dividendsreceivablefrominvestments`|`76,623`|`79,802`| ||`Bankinterest`|`2,106`|`64`| ||`Interestonloansissued`|
`11,836`|
`-`| |||
`90,565`
|
`79,866`
| |`5`|`Investmentmanagementcosts`|`2022`|`2021`| |---|---|---|---| |||`£`|`£`| ||`Managementfees`|
`9,720`|
`10,458`| ||`Allinvestmentmanagementincostsin2022and2021relatetounrestrictedfunds.`||| ||`Charitableactivities`|`2022`|`2021`| |||`£`|`£`| ||`Charitabledonations— contributionstocharities`||| ||`InaccordancewithresolutionofthecouncilMay2021`|`60,000`|`-`| ||`InaccordancewithresolutionofthecouncilNovember2021`|
`-`|
`132,260`| |||
`60,060`|
`132,260`| ||`Supportcostsinrelationtocharitableactivities`||| ||`Clerk’shonorarium`|`9,449`|`9,000`| ||`Accountancyfees`|`6,064`|`6,040`| ||`Bankcharges`|`25`|`123`| ||`Sundryexpenses`|`23`|`215`| ||`Lossonforeignexchange`|
`250`|
`2,098`| |||

`15,811`|

`17,476`| ||`Governancecostsinrelationtocharitableactivities`||| ||`Auditfees`|
`4,400`|
`2,810`| |||
`80,211`
|
`152,546`
| ## |
`Fixedassetinvestments`||| |---|---|---| ||`2022`|`2021`| ||`£`|`£`| |`Costormarketvaluebroughtforward`|`11,111,410`|`9,957,511`| |`Additions`|`2,623,488`|`713,567`| |`Revaluation`|`(98,995)`|`1,156,881`| |`Disposals`|`(2,011,563)`|`(716,549)`| |`At5 April2022`|

`11,624,340`|

`11,111,410`| |`Investmentanalysis`||| |`22,400,201Trusteesharesof25peachin`||| |`CrerarHotelGroupLimited`|`5,600,050`|`5,600,050`| |`LoantoCrerarHotelGroupLimited`|`2,000,000`|`-`| |`ListedUKequities`|`4,024,290`|`5,511,360`| ||
`11,624,340`
|
`11,111,410`
| |`8`|`Analysisofcurrentassets`|`2022`|`2021`| |---|---|---|---| |||`£`|`£`| ||`Accruedincome`|`11,836`|`-`| ||`Cashatbank`|
`153,543`|
`246,644`| |||
`165,379`|
`246,644`| ||`Alldebtorsin2022and2021relatetounrestrictedfunds.`||| |`9`|`Analysisofcurrentliabilities`|`2022`|`2021`| |---|---|---|---| |||`£`|`£`| ||`OtherCreditors`
`Accruals`|`328`
`10,271`|`-`
`9,050`| |||
`10,599`
|
`9,050`
| ## ## |`AnalysisofFund`|`Balance`|||`investment`|`Funds`| |---|---|---|---|---|---| |`movements`|`6April2021`|`Income`|`Expenditure`|`movements`|`5April2022`| ||`£`|`£`|`£`|`£`|`£`| |`Restrictedfunds`|`5,600,050`|`-`|`-`|`-`|`5,600,050`| |`Designatedfunds`|`5,755,783`|`-`|`-`|`429,482`|`6,185,265`| |`Unrestrictedfunds`|`(6,829)`|`90,565`|`(89,931)`|`-`|`(6,195)`| |`Total`|
`11,349,004`
|
`90,565`
|
`(89,931)`
|
`429,482`
|
`11,779,120`
| ## |`Prioryearcomparative`|||||| |---|---|---|---|---|---| |`AnalysisofFund`|`Balance`|||`Investment`|`Funds`| |`movements`|`6April2020`|`Income`|`Expenditure`|`movements`|`5April2021`| ||`£`|`£`|`£`|`£`|`£`| |`Restrictedfunds`|`5,600,050`|`-`|`-`|`-`|`5,600,050`| |`Designatedfunds`|`4,516,254`|`-`|`-`|`1,239,529`|`5,755,783`| |`Unrestrictedfunds`|`76,309`|`79,866`|`(163,004)`|`-`|`(6,829)`| |`Total`|
`10,192,613`
|
`79,866`
|
`(163,004)`
|
`1,239,529`
|
`11,349,004`
| ## |||`2022`||`2021`| |---|---|---|---|---| |`incomefrominvestments`||||| |`Investmentportfolio`
`Bankinterestreceived`|`76,623`
`2,106`||`79,802`|| |`Interestonloansissued`|`11,836`|||| |||`90,565`||`79,866`| |`Directcharitableexpenditure`||||| |`Charitabledonations`|`60,000`
||`132,260`|| |||`(60,000)`||`(132,260)`| |`Administrativeexpenses`||||| |`Clerk'shonorarium`||||| |`Investmentmanagementfees`||||| |`Legalandprofessionalfees`||||| |`Accountancyfees`||||| |`Auditfees`||||| |`Bankcharges`||||| |`Sundryexpenses`||||| |`Lossonforeignexchange`||||| |||`(29,931)`||`(30,744)`| |`Surplus/(deficit)`||`(634)`||`(83,138)`| ##