THE SCOBIE CHURCH FUND Scottish Charity Number: SC 000121 ACCOUNTS & TRUSTEES. REPORT for the year ended 31st March 2024 THE SCOBIE CHURCH FUND Anrbual Re ort of th8 Trusts85 of th$ Scobie Church Fund ar ended 31st March 2024 for the l The charity is known as the 5cobie Church Fund 2 The charity nurnber is SC W0121 3 The charity is administered from the offices of Connelly & Yeoman, Soltcitors. 78 High Street, Arbroath. 4 ThL' prL'sL"It Trusic'cs a.'L 5 There ha5 been no change In the Trustces 11) Ih¢ period tovered by this Report. 6 The tharity was constituted by Deed of Trust by dated 315t Au8USt 1948 and Codicil dated 5th March 1952 and Re8lStered in the Book of Council & Session on 15th May 1952 7 The Trustees have not taken any steps to recruit additional Trustees. 8 The purpose of the charity is to pay the whole of the net income from the Fund ori8inally set up in the Deed of Trust one fifth share to each of..- Marie Curie Cancer Care R.N.L.l. Multiple Sclerosis Society kottish Council for Care of Spastics (Now called Mrs Scobie Trust for the Disabledl Scottish National Institution for the War Blinded 9 The firm of Connelly & Yeoman, Solicitors, 78 High Street, Arbroath are to receive fees of £1.200 plus VAT of £240 Tru51ee ds 8 P8rtr18r in that fim) until he retire£l 30th Wl 2015. Tr￿lee was a partner in that fimi until 30th April 2011 after which date he became a consultant io that firm Ple ￿ll￿d from the firm 30th April 2013. 10 No expenses were paid to the trustees. 11 The charlty underrakes no activities other than rnonitorin8 the investment5 and distributin8 the income as required by the Trust Disposition and Settlement. 12 The Trustees are diretted by the Trust Disposition and Settlement to pay out the incorne as before stated. The Trustees have no powers to distribute capital and therefore no specific reserves require to be set aside as the capital of the Trust cannot be spent. 13 No donations were made to the charity durinq the financial year. Si8ned Dated /6 07.E< Signed Dated THE SCOBIE CHURCH FUND Inde endenl Examiner's Re rtlo he Trustees of The Scobie Church Fund I report on the accounts of the charity for the year ended 31st March 2024. on page5 1 to 4. Respectlve responsibilities of trustees and examlner The charity's trustees are responsible for the preparation of the accounts in actordance with the terms of the Charities and Truslee Investment Iscotlandl Act 2CH)51"the 2005Act"l and the Charities Accounts Iscotlandl Regulations 2006 las amended) I'the 2006 Regulations"). The charity trustees Consider that the audit requirements of Regulation 10111 Idl of the 21KJ6 Regulations do not apply. It is my responsibility to examine the accounts as required under section 4411) Icl of the 2005 Att and to state whether particular matters have come to my attention. Basis of Independent 8xamlner's statement My examination is carried out in accordance with Regulation 11 of the 2006 Regulations An examination includes a review of the accounting records kept by the charity and a comparison of the accour)ts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any suth matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express and audit opinion on the view given by the accounts. Independent examlner's statement In the course of my examination, no matter has come to my attention which gives me reasonable cause lo believe that in any material respect the requirements.. al lo keep accounting records in accordance with Section 44{1 } la) of the 2005 Act and Regulation 4 of the 2006 Regulations, and bl lo prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met, or to which, in my opinion. attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Dated= 11 THE SCOBIE CHURCH FUND Page I Slatement of Recei ts and Pa ments for the ear to 31st March 2024 General Fund (Revenue) Endowment Fund Icapltall TOTAL 3110312024 Year to 3110312023 INotesl Recei Investment Income On listed investments Interest on cash deposits Other Incoming Re50urce5 Sale of Investmènts £ 12,618.36 £ 1.716.55 0.00 £ 12,618.36 1.716.55 0.00 32,127.45 12,459.53 679.43 131 32.127.45 21.732.80 Total Ro¢tri 14334.91 £ 32,127.45 £ 46,462.36 34 871.76 ments Charitable Expendlturo Payments to beneticiaries under terms of the Trust Deed Book Fund Investments purchased Management & Administration o.N) £ 0.00 £ 2,707.91 0.00 29,881.99 4.701.58 29.881.99 24.006.46 6,146.29 4.701.58 IPa 4.701.58 £ 29881.99 £ 34.583.57 32,860.66 SURPLUS I IOEFICITI FOR YEAR 9.633.33 £ 2,245.46 £ 11.878.79 2,011.10 The Note5 on page 3 form an Integral part of these accounts THE SCOBIE CHURCH FUND Page 2 ststèment of Balances 31st March 202 Funds Re￿nciliatIOn Gengral Fund (Revenue) Endowment Fund (Capital) TOTAL 3110312024 TOTAL 3110312023 Cash at Bank and in Hand- 3110312023 Surplus/lDeficitl for year 8,693.80 9,633.33 93,561.15 £ 102,254.95 2,245.46 11,878.79 100,244 2,011 Cash at Bank and In Hand- 3110312024 18 327.13 95 806.61 £ 114 133.74 102 255 Bank a Cash Balan¢¢s Scottish Building Society Cash in Bank Thorntons Intome Thorntons Capital £ 86,646.31 3,432.56 1.656.77 22,398.10 50,782 25,465 1,364 24.644 £ 114 133.74 102 255 Other A55ets Investments at cost Market value £ 353 999.69 516,843.00 354 612 472,035 Liabilities Connelly & yeoman, Fees for Administratlon of Trust for year to 31 March 2023 incl VAT for year to 31 March 2024 incl VAT 1,440.(K) 1,440.00 1440 2,880.(X) Quantum Valeat Independent Legal Fee Assessors for year to 31 March 2024 incl VAT 60.00 60.00 a5 Independent Examiner for year to 31 March 2024 incl VAT 150.(K) 150.00 150 Book Fund for year to 31 March 2023 for year to 31 March 2024 51.13 51.13 102.26 102 3 192.26 1.752 The Notes on pa8e 3 form an integral part of these accounts Approved by the Trustees on: and Signed on their behalf by.. THE SCOBIE CHURCH FUND Page 3 Ès to th• Accounts for ar to 31st March 2024 è 1 . Basls of Accounlln These accounts have been prepared on the Receipts & Payments basis in accordance with the Charities & Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2CKJ6 las amended). 2023 Notè 2.Charltable Ex nditure Pa ments to beneficiaries Restricted Fun Marie Curte Cancer Care R.N.l.l. Scottish National Instilition lor the War Blinded Multiple Sclerosis Society Mrs. Scobie Trusi for the Disabled 541 542 541 542 542 rip¢Ji Flind B(K)ks Fund to purchase book5 Payment to Mana 8m8nt & Administratlon Restric Fund London Stock Exchange LEI trust application Thorntons Investment Management fee Thorntons Safe Custody charge fee Auditor of Court fee re taxing of Account for year to 31103123 or Independent Examination of Accounts for year to 31103123 Connelly & Yeoman. Fees for Administration of Trust for year to 31103123 2,994.38 1.497.20 2949 1475 132 150.00 150 1440 Total Mana8ement & Administratlon £4.701.58 6.146 THE SC BIE CHURCH FUND 31stN4rch 2024 Notg l-. IP4WESTNe*TS SUAIIIARY rke% Vjluè Incom• ookvvlup t rq4li3Btit)n dlustingnt of prfor Unrullmd GI1￿(Lo$¥I R•o11g¢d 18.204.2511 Smith&Williamson Inv %&W DelenSiYe I4,(￿. 194.55 643. 5.657.52 £ 30495.07 25,692. 194.55 1,288. 5.191. £ 32 365.55 -1.692. 25.309.80 194.55 1.310.30 5.312 £3212745 1,309.80 Haleon PLC AegonAss* Mona8ementC?pital Bond .645.CW) 466.52 667.30 1344.721 16.80 184.17 18.5 Bookvalue arket Vlue 9.695 AYiv3plc8.75%Cum. Iri. PrelSto¢k BHF Gruup LtdNPV Blackiotk Man3iersEvropean Own?￿¢ Fund CFP 5antsd Ddand Fu￿$ F & C Inve5tmEnt Trust plc Ord GBP025 First 5entiei In1￿t0[5 12.989.41 7.3(13.31 14.930.32 11.003.69 24.9%.77 23,805.45 18.955.83 2.727.29 14.997.73 8.B75.48 19.998.15 24.992. 4.IS2.14 25.0￿. 38.724.23 8.112.38 16.158.83 2.501.27 7.099.05 8.984.91 14.940.38 145.19 11.925.W Is.￿. 23.462. 11.582. 35.755. 23.847.45 31.198. 4.573.Cp) 10.7ts3.CN) 47,￿2.c1) I9,477.￿) 26.017. 12.168.tr) 35.863.CK) 32,799.CK) 1.252.CK) 15.673. 4,635. 9,650. 12,676. 13,424. 26.688. I2,418.￿) 39,133. 22,876. 35.833.(h) 5,468. 9,131. 6S,965. 22.235. 24.166. 11.830. 50.140. 31,77B. 1.261. 17.825. 4.434 rm) 8.829.00 12.182.LK) Y6.333 00 9.938. 3.588.LK) 25.403.00 75100, 1.676 ￿} 3.22600 836.00 3.37800 S4B 30 710.19 146.63 179 kz 553 68 587.37 .874.184 4,011.2375 3.927 10.319 37 5.533.63 320 4113 4.63& GlaxoSmithKlineOTd. 25pshawp Ord U5S.2095138 WorldyAde He4lthraieTru5tOid25p 1536.th)11 6.71E.98 5,996.19 392.60 235 60 £ 324 117.70 £ 439 669.45 £483 554. E43 884.55 ENT ADED NG YEAR Jos 6ulllonSe¢uTStie5 8082 7J7 Atlan¥cHau5eDeMned RelurThS I4￿1.99 15.(KXI. 17.032.IX) 16,257.IX) 2,150.01 1,257.CK) £29 E 33 289. NR ED AIN Adjustrnent On1n￿￿￿entS 501d duiinsyeèr IFAOVEMENT Ill YEAR MARKETVALVE OF INVESTMENTS èt a1103n3 MARKETVALUE OF INVESTMENTS at 31103ll4 8OOKVALUE OF INVESTMENT51t31103124 f 45 421.08 1 É472035.00 £516 3.00 E353 599.6¥ GROSS INC¢X•E FOR YEAR È12 18.36