REGISTERED CHARITY NUMBER: 802962
Re ort of the Trustees And
Unaudited FinAneiAI Statements for the YeAr Ended 5th A ril 2024
for
The Scotbel e Charitable Trust
Farries Kirk & Mcvean
Dumfries EntLrpri5e Park
14eathhall
Dumfries
DUMFRIESSHIRE
DGI 3SJ

The Seotbel e Chiritable Trust
Contents ofthe Financial Statements
for the Year Ended 5th A
ril 2024
PAge
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activitie5
Balance Sheet
Note5 to the Financial St8tement$
Detsiled Statement of Financial Activities
10

The Scotbel e ChRrit¥ble Trust
ort of the Trustees
for the YeAr Ended 5th A ril 2024
The tn]stees present their report with the financial statements of the charity for the year cnded 5th April 2024. The trustee5 have
adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Pra¢ti¢e applicabl¢ to ¢harities
preparing their accounts in aecordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102) (effective l January 2019).
OBJECTJVES AND ACTIVITIES
Objectives and aims
The trustees shall pay or apply the income and such part of the Capital as they think fil to or for such ¢haritable purposes and in such
shares and manner in every respect as the trustees shall in their absolute discretion from time to lime think fit.
SignificAnt activitie5
The principal activities of the trust are lo hold investments and make charitable donations out of income.
Grant applications are reviewed by the Irusl¢¢s on a regular basis and upon approval the appropriate payment is mad¢.
Details of the charity's income and expenditure in the period are given in the statement of financial activitl¢s on pag¢ 4. Th¢ ¢harity's
financial position at 5th April 2024 is set out in the balance sheet on page 5. The charity's funds are wholly unrestricted.
Publie benefit
The charity aims to make grants lo local institutions and consider them on a cas¢ by ¢ase basis.
Grnntmoking
The grants awarded are listed in note 4 of the financial statements.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to hold reserves which have not yet been committed or designated for any particular purpose. The
Iruslees hav¢ s¢t aside these r¢s¢rves in ord¢r to protect the future operations of the charity from thc effccts of any unforeseen
variations in its income streams as part of a poli¢y of good financial Inanagement practice, The Irustces have sct the level of these
reserves after undertaking & thorough assessment of the charity's needs. At 5th April 2024 th¢ amount of these reserve5 atnounted to
£1.230,520 (2023 £1.766,356).
Going concern
The trustees are 5atistied that there are no material uncertainties facing the charity and that it is a going conLern.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document. a deed of trust and constitutes an unincorporated charity.
Recruitment And appointment of new trustees
Werc there a requirement for new trustees, these would be identified and appointed by the principal trustee in consultation with the
othcr truslccs.
Risk mwnagement
The trustees have a duty lo identify and review the risks to which the charity is ¢xpos¢d and to ensure appropriate controls are in
placc to provide reasonublc assurancc agaiTJsI fTaud and error.
The Iruslees fecl that the major risk thc charity faces is the rcduction of investment income. If this were to happen, some capital
would be sold and cashed in to meet any liabilities.
REFEREIYCE AND ADMINISTRATIVE DETAILS
Registered Charity number
802962
Principal address
HSBC Private Bank (UK) Ltd
8 Cork Str¢¢t
London
WIS3LJ
Trustees
E P K WcaiheTall
B J K Weatherall
G M McGill
Page I

The Scotbel e Charitable Trust
Re ort of the Trustees
for the Year Ended 5th A ril 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Farries Kirk & Mcvean
Dumfries Enterprise Park
H¢athhall
Dumfri¢5
DUMFRIESSHIRE
DGI 3SJ
Investment Advisers
HSBC Private Bank (UK) Ltd
Banker$
HSBC Private Bank (UK) Ltd
Approved by order of the board of trustees on I Ith October 2024 and signed on its behalf by..
G M McGill- Trustee
Page 2

Inde
endent Examiner's Re ort to the Trustees of
The Scotbel e Charitable Trust
Independent examiner'5 report to the trustees of The Seotbelge Charitgble Trust
I rcport to the charity trustees on my examination of the ￿COuntS of The Scotbelge Charitable Trust (the Trust) for the year ended
5th April 2024.
Responsibilitie5 and bA5i5 of report
As the charity Iruslees of the Trust you are responsible for the pr¢paration of the account5 in accordance with th¢ r¢quirements of the
Charities Act 2011 ('the Act,).
I report in respect of my examination of the Trust's accounts earried out under Section 145 of the Act and in carying out my
examination I have followed all applicable Directions given by the Charity Commission under Section 145{5){b) of th¢ Act.
Independent examiner's Statement
J have completed my examination. I confirm that no material matters have come to my attention in conne¢tion with the examination
giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or
the accounts do not aecord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the
Charities (Accounts and Reports) Regulations 2008 other than any requir¢ment that th¢ a¢¢ounts give a true and fair view
which is not a matter ¢onsid¢r¢d as part of an independent examination.
I have no concerns and hav¢ come a¢ross no other matters in connection with the examination to which attention should be drawn in
this report in order to enabl¢ a proper und¢rstanding of the accounts to be reached.
Mr Rodney Palmer B.A., C.A.
Farries Kirk & MLVeun
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DGI 3SJ
I lth October 2024
Page 3

The Scotbel e Charitable Trust
Statement of Financial Activities
for the Year Ended 5th A ril 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
78.338
73.563
EXPENDITURE ON
Raising funds
119
570
Charitable activiti¢5
Grants
105.000
55,000
Other
2,093
4,788
TotAI
107.212
60,358
Net gains/(losses) on investments
(431,0871
1160,120)
NET INCOMEI(EXPENDITURE)
(459,9611
(146.915)
RECONCILIATION OF FUNDS
Total funds brought forward
1,766,356
1,913,271
TOTAL FUNDS CARRIED FORWARD
1,306.395
1,766.356
Thc notes form part of these financial statements
Page 4

The Scotbel e Charitable Trust
Balance Sheet
5th A ril 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
FIXED ASSETS
Investments
1,270,258
1,701,345
CURRENT ASSETS
Cash at bank
36.137
65,011
NET CURRENT ASSETS
36,137
65,011
TOTAL ASSETS LESS CURRENT LIABILITIES
1.306.395
1,766,356
NET ASSETS
1,306,395
1,766,356
FUNDS
Unrestricted funds
1.306,395
1.766,356
TOTAL FUNDS
1,306,395
1,766,356
The financial statements were approved by the Board of Trustees and authorised for issue on I Ith October 2024 and wer¢ signed on
ils behalf by..
ULLLCL
G M McGill- Trustee
The not¢5 form part of these financial statements
Page 5

The Scotbel e ChAritable Trust
Notes to the FinanciRI Statements
for the Year Ended 5th A
ril 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of ihe charity. which is a public benefit entity under FRS 102, have been prepared in accordance
with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Pr&ctice
applicabl¢ to charities preparing their accounts in aecordanee with the Financial Reporting Standard applicablc in the UK
and Republi¢ of Ireland IFRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Rcporting
Standard applicablc in the UK and Republic of Ireland, and the Charities Act 201 l. The financial Statements have be¢n
prepared under the historical cost convention, with the ex¢eption of investments which are included at tnarket value. &$
modified by thc revaluation of certain assets.
Income
All income 15 reeognised in the Statement of Financial Activities once the charity has entitlement lo the funds. it is probable
that the income will be received and thc amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or eonstruetive obligation committing the charity to that
expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the
obligation Can be measured reliably. Expenditure is a¢counted for on an accruals basis and has been classified under
headings that aggregate all Cost related to the category. Where costs cannot be directly attributed to particular headings they
have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the ycar end date are noted as a comtnilment but not accrued
as expenditure.
Taxation
The ¢harity is exempt from on its Charitable activities.
Fund accounting
Unrestricted funds ¢an be used in ac¢ordance with the charitable objectives at the discretion of the trustees.
Reslricled funds can only be used for particular rcslrieled purposes within thtt objects of the charity. Restrictions arise when
specified by the donor or when funds arc raiscd tor particular rcstricted purposes. The charity held no restricted tunds in th¢
year under review.
Investments
Invcstmcnts are included in the balance sheet at market value. Unr¢alised gains or losses on revaluation are taken to th¢
Statcment of Financial Activities in each appropriate y¢ar. Gains or losses on disposal during the year period are separately
identified within th¢ Statement of Financial Activities.
INVESTMENT INCOME
2024
2023
Dividend income
Interest received
75,580
2,758
73.490
73
78.338
73,563
Page 6

The Scotbel e Ch#ritable Trust
Notes to the FinAn¢iRI Statements - continued
for the Year Ended 5th A ril 2024
K4ISING FUIYDS
Jnve5tment mAnagement costs
2024
2023
Support costs
119
570
GRANTS PA YABLE
2024
2023
Grants
105,000
55,000
Th¢ total grants paid to institutions during the year was as follows..
2024
2023
South West Scotland Piping & Drumming Academy
Wynifred Keswick Memorial Trust
Anny Cadet Force League
Robert Burns Ellisland Trust
35,000
45.000
5,000
20,000
35,000
20.000
105,000
55,000
TRUSTEES, REMUNERATION AND BENEFITS
There were no Iruslees, remuneration or other benefits for the year ended 5th April 2024 nor for the year ended
5th April 2023.
TTUStees' expenses
There were no trust¢es' expenses paid for the year ended 5th April 2024 nor for the year ended 5th April 2023.
COMPARATIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Investment incom
73,563
EXPENDITURE ON
Raising funds
570
ChAritAble activities
Grants
55.000
Other
4,788
Total
60,358
Net gain￿{lOsses) on invcslments
(160.1201
NET INCOMEI(EXPENDITUREI
(146,915)
RECONCILIATION OF FUNDS
Total funds brought forward
1.913,271
Page 7

The Scotbel e Charitnble Trust
Note5 to the FinanciAI Statements - continued
for the Yenr Ended 5th A ril 2024
COMPARATIVES FOR THE STATEMENT OF FINANCL4L ACTIVITIES- continued
Unrestricted
fund
TOTAL FUNDS CARRJED FORWARD
1,766,356
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 6th April 2023
Revaluations
1.701,345
{431,087)
At 5th April 2024
1.270,258
NET BOOK VALUE
At 5th April 2024
1,270.258
At 5th April 2023
1,701,345
All investments were made outside the UK.
MOVEMENT IN FUNDS
Net
movement
in funds
At
5.4.24
At 6.4.23
Unrestricted funds
General fund
1,766,356
(459,961)
1,306.395
TOTAL FUNDS
1,766,356
1459,961)
1,306,395
Net movement in funds. included in the above are ￿ follows..
Incoming
rcsourccs
Resources
cxpcnded
Gains and
10sSCS
Mowem¥nl
in funds
Unrestricted funds
General fund
78,338
(107.2121
{431.087)
(459.961)
TOTAL FUNDS
78.338
(107,212)
{431,087}
{459.961)
Comp#rative5 for movement in funds
Net
movement
in funds
At
5.4.23
At 6.4.22
Unrestricted funds
General fund
1.913.271
1146.915)
1.766,356
TOTAL FUNDS
1.913.271
1146,915)
1,766,356
Page 8

The Seotbel e CharitAble Trust
Notes to the FinxnciAI Statements - continued
for the Year Ended Sth A ril 2024
MOVEMENT IN FUNDS- continued
Comparative net movem¢nt in funds. included in the abovc are as follows..
Incoming
resources
Resources
exp¢Dded
Gains and
losses
Movetnent
in fund5
Unrestricted fund5
General fund
73,563
(60,3581
(160,120)
(146.915)
TOTAL FUNDS
73.563
(60.3581
(160,1201
(146,9151
RELATED PARTY DISCLOSURES
The trustees of The Scotbelge Charitabl¢ Trust ar¢ also trustees of the Wynifred Keswick Memorial Trust. During the year
under review The S¢otbelge Charitable Trust provided a grant of £35.000 io the Wynifred Keswick Metnorial Trust {2022
£20,000).
Page 9

The Scotbel e Charitable Trust
Detailed Statement of Financial Activities
for the Year Ended 5th A ril 2024
2024
2023
INCOME AND ENDOWMENTS
Investment income
Dividend incom¢
Int¢r¢st received
75,580
2.758
73.490
73
78.338
73.563
Total incoming resources
78,338
73,563
EXPENDITURE
Charitsble actiVTtie5
Grants to institutions
105,000
55,000
Support costs
MAnAgement
Sundries
Exchange Rale Loss
534
953
953
536
Gov¢rnance ¢05ts
Accountancy
Investment manager fees
Lega] fees
1,140
119
1,540
570
3,112
1.259
4,822
Total resources expended
107,212
60,358
Net (expenditure)lin¢ome
128,8741
13,205
This page do¢s not form part of the statutory financial statements
Page 10