2024-12-31-accounts

REPORT OF THE TRusfEES AND FOR THE PERIOD I MAY I1￿3 TO 16 APRIL 2024 FOR JOHN SC(yrr TRUST FUND GdbTBith Pritc]Jwr&8 charter￿A¢COuntant$ & Stamtory Auditor AYT Ayrsbire KA7 IXA

JOHN SCOThTRUST FUND CONfENfs OF THE FINANCIAL STATEMEIYTS FOR THE PEIUOD I MAY 21123 TO 16 APRIL 21)24 iiwrt of th¢ Try$te I to 3 RepDrt of the IndependentAwlltor& St*twNeDt of Fln•nd•l A¢dvlt Bkn Sheet Notes to the Ststemthts 9 to 16

JOHN Sco￿TRUST FUND REPORT OF THE TRUSTEES OR TIIE PEIUOD I MAY 2023 TO 16 APRIL 2024 The tru5tets ptesellt theit ieport witb the finatt¢iai statcments of thc charity for tbe p￿i￿j l May 2023 ￿ 16 April 2024. The tr￿￿e5 have adopted the provi5ioDs of Accounting aTKI Rcpming by Charitics.. Statemcttt of Recoll￿￿￿ded Practice applicable to charities preparing their accounis in a¢o)rdonce with the Fitlallcial Rwtitig Si8Ldard appli¢able intheUKalld Rwublic of trelalld IFL8 102) (effective l J&)uary 2019). Cessgtion of 01￿￿tiOnS The TDJs1 ceawj ￿e￿lOn5 on the 16th April 2024. with the nlljLYiry of investments wld on or prior io this With thc a8r¢emcDt of all of the Tru5W thE t¢mainiDg assets will IK don*￿1 to Tr National Th15t for Scotlard. The Trust is now in th¢ prrK¢s$ of king wclwd up. ObJecth7es 8Dd Alms While Operati￿ the objects of the Trust were to cotitribute to societies. trusts and b(￿1¢5 &Stabli5hcd for dwitablc SlgDificanS ACtlTr4tl TheTr￿St continucd to fund I￿al and national chllritable in ￿0rd￿n￿ with thc Wish￿ of th¢ lats John Scirtt. Th¢ TnL5trs wntinued to support th¢ ¢hatiti¢5 8nd similar or8￿1$8110lls favour&J by Mr So)tt ill his lifetime, but had tlle right to consider supporting other¢h￿ltieS atyj simi19ror8amisations. ACHIEVEMENfAPID PERFORWC Charlt8ble i¢tlvltle5 There Nas a Surplus of i￿0￿C ovff doDatiorts and eKrKnthth yeaT of £34,542 (2023 surplus of doDation5 and ex￿dit￿re over incojne of £278,529) b¢fore reAlis¢d Iosg¢5 of £22,608 (2013 £2,735) and unttalis¢d loss¢s on investments of nil12023 £92,454). A Surplus of incolnc OV￿ donations and expenditure of £11,934 (2023 SI￿PIlls of donaiioos and expenditure over income of £373,718) for th¢ yp2r bas ill¢reasa r¢seNes. Full ddail$ are stated on pages 7 and 8 of the accounts. The differ¢nce the chariws work has made to the circummances of knefiaarie5 is evidellced thrwh letters of apprwhatiorn Investment polky perfonnanee The Trusttrts had the power to invest iti wch Stoc￿ shares wxi invesitnents in the unit￿ KiD8dom they saw fit. The TnLStee5 C4)nsidered tbat the return on inve5tmcnts wa8 5atisknory and the Exrforni2n¢e of the t￿10 to be reas(xthl Th¢ investment policy was gearryj ioward5 kwing investment income enable paymellt of doDatio￿$. Trustees also collsidered ￿ela7 emryroJll￿¢￿t8L and rthical isWe5 arnd ot1ker￿Mparab￿ Indi￿5. Investments were a¢quir&l and I￿ld in4c¢cdance with the governing ir]&rutnEth. FtNALNCIAL RLVIKW ReJerv45 The Trt￿tte% decided that tbe p)]icy Df holdin8 minimal free reseTVts was rquir&l so th)natioDs could FK fjjttded of currrnt In￿&￿￿¢nI in¢om¢ and th¢ sai¢ of invutyn¢nts if rcquired. FI￿[)RE PLANS In th¢ p¢riod after 16th April 2024. thc 1ruth5 iTrtctKI to tran5fcr thc ranaining surplus of &ssLts to The National Trust for S￿￿18nd. srRucfuR& GOVERNANCE AND hL4NAGKMEiYr Governing document Th¢ charity 1$ ¢¢Jntroll¢dby its gov¢rning do• a dcal of tn￿t and ¢(￿Stiti￿¢S all wjincorporated th4Tity. Page I

JOBN scO￿TRUST FUND REPORT OF THE TRUSTEFS FOR THE PERIOD I MAY 21)23 TO 16APRIL 2024 The Tn￿ was set up uDdeT a Deed dat•J 18 May 1984 and registered irt the knks of the of cr￿￿¢1] and Session on 27 AU￿$t 1984 and eontillua until 16 April 2024, Ixllwthe nvefttieth amiversary of MT Scotvs d¢ath. Th¢ TnLSt is by the tnlattd Reyenue as a S¢o¢tish ¢harity unts numb¢r SCOC13297 8Dd th¢ t￿tIOn teference is ED 112184. TheTn￿e¢S had the rrt)werto g￿ndFAxh capital and income attheirdiscretion. ReenthD￿t aDd •ppointm¢ntof n¢Jv trusttti At the d&e of Jolm Scott's death n¥0 of thc Trustc¢s were NithO1￿ Ki]FHtrick John laughlar￿. who were a. under the Trust deed ScrYitL8 Tn]stecs had the POWCF to assurne further Trustees as considered ne¢&ssary. Wd5 &Ssumed on 7 October 2014 wd wa¥ on 2nd Deconber 2017. Trust￿ were su¢¢eeded by their surrivor5 and the heir of the la51 quri'ivor, Trnstees were Chosett oll the basis of suitable qualifications frorn their professional and business lives. New Thjstees undmveni an appropriate induction Pr08r￿ to brief IlTh) on th¢ir (ligahonsuTthclwity law and the financial perfomwice of the charity. REFERENCE AND ADMINtSTRATtVE DETAIIS Re￿red Cb&t4ty number SC003297 4 Wdlillgton S(Tthre Ayr KA7 IFN Galbrdith Prilchard5 Chattcred Accountant5 & S￿￿tory Auditor 20 Barns Str¢d Ayr Ayrshir¢ KA7 IXA Ballk of S¢¢)tiand High Stre KA7 IQP SoU4ir4 Kilpatrickalld Walker 4 Wdlington Square Ayr KA7 IFN 5 fj¢orge Square Glasgow G2 IDY Page 2

JOHN SCOTh TRUST FUTrID REFORTOF THE TRUSTEES FOR THE PERIOD I MAY %)23 TO 16APIUL 2024 STATEMENT OF TRIJSTEES, RESPONSIBILTflES The tTUStee5 are resp￿sibl¢ prying th¢ Rcpm of the T￿￿¢¢S and the financial ststctncnts in accordance with applicable law a￿dUnIted Kingdom Accounting Standards (Unit¢dKingdo]D G￿rIallY Arcrptd Accoullting Ptactice). Th¢ ]aw typli¢thl¢ to ¢haritieg in S¢rtianC th¢ Clwities and TNstee tnvestment {S¢(rtiand) Act 2th)5. Cl)arities AceouDts (Scotland) Regulations 2￿6 (% allLcnded) and the provisions of the charitys Constitutio￿ rwires the tNstees to prepare finan¢iai ststemtyts for each finan¢ial year whith give a tjue attd fair view of the state of affairs of the clwrity and of the ittcoming resourees and aM)Iic#ion of r£4ources. I￿]uding the i￿ome and expertdiDire, of the eharity f( that P￿1[￿1. tn preparing thos¢ fjnancial Statem￿ts the trnstees are ￿ll1[ed to 5¢1ext suitable aw¢xmtiDg policie5 arrfl th¢napplyth¢m ¢onsista)tIy" observe the mdhods andprriJKipl&q in the Charity SORP. make judgements and estimate5 th& are re&sonable and prudent,. prq)are the financ￿ $￿ements on the going Concern E4sis llni￿ it is itwypropriate to Pre$un￿ that the charity will CODtinue in bu51rK￿. Th¢ trust¢￿ ar¢ rc5pon%ible for keeping prop¢r a￿llntIng r¢C￿d5 which discloy¢ with Teasonable a￿￿raCY ￿ any tim¢ the financia] ￿sitIOn of the cimity ond to enable them to r[]Su￿ thr fitwicial 5tatcmcnts cO￿p]Y with thc ChaTitic5 and Trustee Investme￿1 {Scotland) Act 2(KJ5, tbc Clwitics Account5 (￿and> Rcgulations 20[￿ {￿ am¢ndcd) th¢ prowslons of the charity's ￿$t$￿tiOn. Tiy also respollsible for sthgu8rthtig th6 &8y¢ts of the charity omd kn¢¢ taknE rea￿ttable #epg forthe preventiott attd deteetion of fraud and other irregularities. AryJn)ved by onlerof the, lJ)8rf of tm<tees m .... P48¢ 3

REPORT OF THE MYDEPEIYDENf AUDnoRS TO THE TRUSTEES OF JOHN SCOTT TRUST FtJND Oplnion Wc have audited the fmancial ststements of John Scott Trust FIll￿ (the '¢harity} for the peTi¢x4 endd 16 April 2024 whtd) (x)tnprise the Statement of Flnancial Adivitie& the BalBnee Sheet and n￿S to ihe financial #atements, inc]u(b'ng a summary of significant AcCc￿￿tIng policies. The financial reporting fr￿lleW0rk that has b¢en applied in tbeir prwarnttoll i5 applicablc law and Uuited Kingd(XD Accounting Standards (Unita King&)rn Genernily AKcptul Acwunting Prnctic¢). give 4 It￿¢ 8nd fair view of the sthte of the ch8ritys affairs as at 16 Aptil 2024 ODd of its ill¢omI￿ rewurces attd applie2tith of regources, forthepeTi￿fj then etmled,. ]Mvebeen prOp￿Y in accordancewiih UDiied Kingdom Generalfy A¢cotLal AccountiDg Pra￿1¢¢., pt hav¢ been pr¢par&l in 3c¢ordaDo¢ with the r￿ul￿eMentS of the Cb￿ltieS alld Truste tnvestmeni (Scthland) Act 2￿5 and Regul￿10[1 8 of the a)ariiies Accounts (Swtjand) Regulauons 2￿6. Bsb fov (1>1￿10 We conducted our audit itL accordance with InkTnatitsnal Standards on Auditing (UK) {ISAs IUK)) and awlicable law. Tesponsibilities under those thndards aTe further descnbed in the Avditors, responwbilitie5 for audit of the financial statements sc£tion of our report. We arc indepEndcnt of the charity in accordance with the ethical rn]uiremaits that are relevant to our audit of the financial mtemo]ts in the UK including the FRCS Ethic￿ StsndY4Td. and the prowsicns availablc for ￿￿￿11 entitie4 in the circLLTn5tallcc5 set oul in notc 15 to Ihc fll]attGLal 5tatc]ncllts and we ha fulfilled our (Aher ethical te5ptsnsibiliti¢s in a¢cord&n¢¢ with r¢<wirnn¢nt& We ixli¢v¢ that the au&'t cvidcnce we h&vc olained 18 sufficicnt appropTi8tc to provi& a b&si5foriNJropinion. Conch￿10￿ rd#ti￿¢0 goirtg e<>ncern The hnancial slatanents have Dot been Prepa￿1 on a going concern b95is a5 the Tn￿ ceased oprtioD$ 16 Aptil 2024. £￿PhasI$ of uwil¢r. Gokn¥ Coll¢¢rn tn fonning our opini(n on th¢ finwKial stat¢m¢nts. whtch is modifie(L we have c4xJsidettd the adquacy of the di￿losUre made in note l of the fitWLcial &tatcnJents cuncernillg the charity'5 de¢i5ion TKSt to continue as a going concertL The fingncial ststements aTe therefore n￿preparedOn a going concern basis. Other IDformatlon The tntsiees are res￿ms1b1e for infomi&irn. The other ittfomiation comprise% the inforn]ation included in the Allllu￿ Report. other than the finawiai siatement5 and ourRep)n of the Ind¢pendent AuditQTS opinion thc finatKiai stakmcnts d(K5 not ¢ov¢r th¢ othu inforn)a¢ion and. ¢x¢W to the exlellt otlL¢rM explicitly stated iti ourreport. we do not express any forn) of &SSUTan¢e con¢lusion thereon. ID connection with cw audit of the financial statement& cw responsibility is to read the other [nforn￿lo￿ and. in doing , consider whether the other infomjation is materially iticonsistent with the finatteiai ststements or our knowledge obtsined in the audit or ￿henvI5¢ appea￿ to be materially misstat&i If we identify such mat¢rial iD¢onsi5ten¢icg or apparent ]naterd mi&statauents, we ate twuited to determ￿¢ wkndher this givcs rise to a matLYial misstatement in th¢ finaucial *aiem¢nts thems¢lves. If, based on th¢ work w¢ hav¢ p¢rfoTm¢41 w¢ wo¢lud¢ that there is a nMteri81 mi8Statonettt of thig other infonnatioty we requiredto wcrt th￿ fact. We hwemthing tyrep)rt in this lEg￿rf. MAtteTS OD whleh we are Tequlred to report by excewlo We have thing to re[￿ in respect of the following matters wbere the ChaEili&% Ac￿Ants (Seotland) Re8ulaticms 21x16 4uires usto re￿rt to you if, in our opit)ion'. inforttjalion ¥iven in the Ryrt of the Th1&tts LS inconsisLcnt itl Tllatcriai res￿ with tbe fu)all¢i stataneAts,' or propcrxcountin8 records have not been kept" or the finan¢ial statements air Dot in agre£m￿t with the p&counting rwds and r¢tsjn￿,' or wehave not received a]1 the iTrformation and EKplall8tion5 we wuire forouraudit

REPORT OF THE If4DEPENDENT AUDTfoRS TO THE TRUSTEFS OF JOlll¥ sco￿ TRUST El￿r Respon81bliltlts of truste As explained mcrt h]Ily in the Statement of Tn￿ Rewnsibilities, the are TesJM)llMble fv the pr¢paration of th¢ fina￿181 thtcmcnts which give a trne 8nd fair view, ￿ for such intemal control &4 the tTll8tees dderniine 1$ essary to enable the prqoration of fi]jW￿l01514t￿l8 that fr¢¢ from mataia] mi&atement. whexher due to fraud or etTOr. Jn prewiry the fittanciai State]￿, the ttv#e¢s ar¢ responsible for asseSsi￿g the ¢heriWs abi]ity to contirtue as a going CO￿ di￿]051￿8, as aw)licable, mattets tri￿1 tD ¥oin8 concem using tbe going Co[￿ern b&8is of accountin8 u]dess the trustees either intend to liquidate the charity or to opuiony. or have no ￿lI￿le aitenmtive but to do rejp0￿s1bwt1eI for tho 2Ddlt •rfthefiDanclai stttments We have been apFoinid &s auditors under Section 44(IKc) of the Charitics and Ttusfv% Investsnent (Scotland) Act 2005 aod Teport in a¢conlatKe with theAct and ￿]ev￿trt re8ulationsrn&Je OT having effeLt thereuts. (kn objectives are to obtwn reasonable assurance about whdhcr the financial starements &¥ 8 wbole are free from matttial misstatLYnettL whether due to fTaud or uror. and to i&$ue a Rq￿ nf the Independent Auditcn that includes our OPIDlon. Rewonable assurance is a high level of assur8nK but is not a guardntce that an audit condllctcd in accordanr£ with ISAS (tIK) will alway5 de￿ a material misstatunent when il exisis. Mis&ements can arise from fiaud emr lld are ￿nsIdered material if, individually or in the aggtcgatc, thcy could reasonably bc upcctcd to infiuc￿e th¢ eeonomi¢ thisi0tt8 of users tsken ottthe basi$ ofth¢s¢ finall¢ial 5¢atements. The extent to which ourprocedU￿$ are capable of dthtiti8 itr¢gularitS¢S. svluthng fraudis detailed ￿lOv. W¢ gaina an wi(krsMnding of the legal and ￿g￿la10ry framofft 8pplicable io the charity and the sector in which it orÈrates al￿ considered the risk of by the Charity Th￿ were contrary to ayplicable lows alld regulatio￿ including fraud. We d￿Igna audit pr(tedures ¢0 respond to thc risK reco8Disill8 that the risk of not detrcting a material mi55t2tancnt due to frnud is higher than the risk of Lot detecting one trsulting from etror, as fiaud may involvc deliEtte ¢c41cealment by, for example, forgery 01 intentional Tnisrepresentalions, orthrwgh c4)llusion. We laws and regulations which could give rise to a materi8] mis#atement in tbe finartial statement includin& but not limited tr>. t}￿ Charities Attoullts (Scotland) liw18tions 2000. Our tesls included agreeing the fiDancia] statcmcni di5cloyurcs to undcrlying Supp￿]llg doCuM￿￿tIon and. enquiries with juan￿¢mellt. There arv ithrent li￿ltatiOnS in thc audit proccdure5 d¢5rriiKd ab)Yc an(L thc funhcr ￿MoV¢d nonqcomplia)c¢ with laws and regLLlation5 is fr<Rn thc events and tran4ction$ r¢flethd in the financial statemellt& the Ic55 likcly wc V￿vId awatt of IL We did not idefttify ally key audit rnatter5 relating to i￿ulaTitiC5 including fraud. As in ftil c￿r alldiL% w¢ also addreS￿d the ri&* of rnanagemmt overrid¢ of Int￿n8l controls includillg testing Jourts￿$ and evaluati1￿ wh there was evidence of bias by the dTre(lO￿ that represented ari5k of nutetiai mi55tatcment due to fraud. A further description of (Kw responsibilities for the audit of the financial sratemellts is l(t8teA th the Finatteial Rwting Cojllcii's website at www.frc.otg.uklauditorw[Nx￿bliLtte5. This descTiF4ion forns part of cw Rewrt of the Pag¢ 5

REPORT OF THE INDEPEf4DENf AUDTfoRS TO THK TRUSTEES OF JOHN sco￿ TRUST Fuf4D Ule of our report This ryort i5 madc solely to the chariW8 thjstees. as a trKJty. in ￿e0rdart￿ with Regulation 10 of t￿ chariti￿ AcCo￿ts (Scotland) Regularions 2(K16. Our audit Work bgrn widertak¢n so that w¢ might smte ID th¢ cbariws trustres those matters we are required to state to them in an auditors, re￿ and for ￿0 other purpo￿ To the ￿lI¢St extent pcnnitt¢d by law, w¢ do not QT &55vnJ¢ r¢5ponsibiiity tQ 4nYO￿ than th¢ ¢lwity and the clwity'$ trusteeg as a l￿dY, for ur ￿lly10r￿ forthis report, orforthe opillions we hav¢ f(med. Chartered Accountants & Slatulory Auditor 20 BartLS Street Ayr Ayr4llre KA7 IXA Page 6

JOHN SCOTh TRUST FtIThD STATEMEiirr OF FINANCtAL AcnvrriES FOR THE PERIOD I MAY2023 TO 16 APRIL 2024 PFJUOD 115123 1614ll4 UJuEstri¢t&J nd 3014123 fijnds Notes 1knDati￿￿ and le￿ie8 25 Inv¢stmu¢ incc*n¢ 66,306 47,981 Tot 66,331 47.981 EXPENDTfuRE ON Raisi￿ fullds. 15,814 15.735 15975 310.775 Totsi 31.789 326.510 gaIn￿o0$St$) OL Inve￿tIl¢S {22,￿8) (95.189) 11934 (3n,718) RECOP4CILIATIDN OF FtJNDS TO1￿ funds b[￿g￿t fmvard 1,544,680 1918.J98 1556.6l4 1.544.680 Th¢ not¢s form PArt ofthcse fmaDcial #atements Page 7

JOHN SCOTh TRUST FUND BALANCE SHEET 16 APRIL 21)24 1614124 Unjrstricted fund 3014123 FLXED ASSETS Jnvestm¢nts io 5(Y) 1.533,382 CURRENfASSEIS 8.494 lJ67,365 Cash at bank 25.509 I￿75059 25509 Arn￿ntS fallin8 duewithitt oneyear 12 (19,745) (14211) rqET CURRLYf AssErs lJ56,114 11298 TOTAL ASSETS LESS CURRETr 1.556.614 1,544.680 L¥ET ASSET5 1.556,614 1,5H,680 13 Unr¢stti¢ted thnds E,556,614 1,544,680 TOTAL FUNDS 1,556,614 1,544,680 The finwial strt¢m￿S were approv&1 by th¢ B(wd of Tru8ke5 and authori5￿ issue ..¥..￿￿..￿￿.... and were si¥nol OD its bebalfby.. Thc nirt¢5 f￿M part of thc5¢ fina￿La1 st*¢m¢nts Page 8

JOHN SCOTh TRUST Fiii¥D NOTES TO THEFINAT4CtAL STATEMEr￿s FOR IEE PEIUOD I MAY 21123 TO 16 APRIL 2•24 ACCOUNfLYGPOLICIES Th¢ fllW¢iO] statcma)ts of th¢ thariry, which is a public benefii et)tity under FRS 102, have been pwd in ¢¢ordan¢e with the tharities SORP IFRS 102) 'Ac¢ounting and RqthiD8 by ChaTitic$". Statement of Reeornrnended Practice applicable to ch¥ities preparing th¢iT a¢¢cunts in a¢cordath￿ with the Fitjanciai Reporting Stalldard 4wlicable in the UK and Republi¢ of Ireland (FRS 102) leffcctive l January 2019),, Financial Reportt'n8 Standard 102 The Financial Reporting St2nd3Td applicable in the UK and Republic of tr¢lattd' and the ch￿ltieS and TDJstee Inv￿￿¢￿( (S¢Mland) Act 2(KJ5. The fitmttciai statementg have been prepared the hi&orical eost c(xJvetiti(M4 Wtth the ¢xcq>tion of inve5tuJents wbidt ar¢ induded at Yalu The financial statements have not beeo Prep￿ on a 8OLng concern basis &8 it i& the inteDtion of the trustees to nd llp the charity on 16 April 2024. The ￿￿ntS are therefore preptyJ on a break up basis. and liabilitic5 arc atcd at their re￿¥¢rable value. Income A]1 in¢(Aning resou￿ are included on the Statement of FinaDcia] Ac4ivitias whcn the ThLSt 15 1¢8ally cntitlcd to the incorne and the Bmount con ￿ qullntificd with r￿onabl¢ Mwa¢y. In¢om¢ 18 deferr¢d only whcn thc charity h&s to ￿]fa Conditions Ixfor¢ bxomtng eotitled to it or when the donor has 4￿cified th&t thc income 15 to FK eXpernd￿ IA a fikn peri Exp¢ndibxe is ac¢ow]tcd for on an accruois basis and b&s been classifi&l und¢r headirt￿ that aggreg¢ all co# reled ￿ the egory. Vthere costs caunot be directly attributcd to parti¢u]ar hcadin¥$ hav¢ b¢£n alloc to actrivitie5 on ab&sis consisknt with the us¢ of r¢sowr¢& Charitsble expe[￿llUre comprists tk)se costs incutrnl by the Tn￿t in the delivery of its activities and savi¢es for ils t¢neficiaries. It includes both cost5 that can be all￿at￿ dirttly to such &ivities those costs or inithrect naDj￿ Th%eSSOry to supp(tÉhern. GovcrnaRGe costs Include those costs a￿￿tat￿l with Tne(Xing the conaitutional 5tstUi¢Jy r￿UlrernentS of the Trust a]MJ ittcluth tkn audit frc and Go45 liRkvJ to the strategic tnanagetneTrt of theTn]st. GRnts and donatioTL4 payable are ch￿g￿ in the year when the offer 1$ conveyd to thc ￿lpICnI. Grants offcred subject to tot￿LtionS wbich &￿e rM bren rnet al the ye4r end date are Trjted a commitment but not acctued as TAx8tloD The Ttust is a registe￿1] clwity and is xcordingly ex¢mpt fT(fll taxion oa in(x)m¢ wbi¢kn 15 appli￿ for ch)ritabl¢ putpos¢s. Th¢ Tn￿ is not ]tgistered for Value Added ￿]￿81y9 any ￿ch xis in¢ltthJ ill expenditUTe eott¢erne Fwid 4EQOWltkng UDrestriBted fijnds can beused in accordance with theeharttsble ￿JectiveS at the disuetiTr) of ttrttustwg. Rcstsictcd fund%. can ￿[Y be used for particular restricted PUT￿￿ within the objeas of the charity. RestrtctioDS aris¢wFth specified by the dollor or when funds are taised f(K particularrc51rictcd puryx)￿. Ol￿tlY all fvnd5 ar¢de¢rn￿I unreri¢tuJ. Inv£4ment$ are [￿Or￿1 at market valu& The or Ioss 15 tsken to the stsianart of Financial Activitie& Income from investhents is accounted forffjth¢ datr wbioh it falls for payment. Pllg¢ 9 ccntinued..

JOHN SCOTh TRUST FiJF4D N(yfES TO THE FINAI¥CIAL STATEMENTS- ronliDUtd FOR THE PEIUOD I MAY 21123 TO 16 APRtL 21124 ACCOiiNfING POLICIES- wlltlllu Th¢ charity only has fin8n¢ial &%séts alld fiDanciaJ ]iabilities of 4 kind that qualify as b&8ic f]1￿￿la1 itistrumeDts. Basic fmancia] illstrum¢nts are iDitialty rwised al tranwtion value 9Jb5cqu￿llY mc&qLrd at their settlernent value. tn thc ¥plication of thc tharitys acwintirtg polici￿ the tru5tce5 are rtyuiTed to make judgem¢ll¢s, esttmates and as5urnptio￿ ab¢￿]1 the caryin8 am￿nts of &¥scts and liabtliti¢s that are readily apparent from other s(x]rc¢s. The estiT[￿t¢S and aS￿lated assumptions are based historical experience other factors that aT¢ collsideredto be ￿levant. Actual results rnay differ frrffi thes¢ estimate The estnnatts and underlying ￿SumptiOnS arc reMcw¢d (>n an ongoing basis. RewsioKs to xcounting estimates re recogDised in the ￿riod in which the estimate is rE￿sed if the r¢vi￿on affc¢ts onty that period, or in ptticdof the mision and fub￿c￿l(mI5 if th¢ r¢vi5i¢)n8ffa* both curre(Lt and ￿lOd& PERtOD 115123 1614Q4 3U14123 Divid¢llds aThJ fixed interesi stock 66,3( 47981 InwestmeDt maDagemeTrt PERIOD 115123 TO 161JJ24 3014123 Portfolio ttwiageJLent 15,814 15,735 Swyort Costs (see note T) Dirxl Costs Tcknis 11,4 4575 15,975 Pag¢ EO ¢ontinue4L..

JOHN SCOTh TRUST FUND NOTES TO THE FINANCIAL STATEMENTS. tovdt1n￿ed FOR THE PEIUOD A MAY 2023 TO 16APR]L 2024 GRATM PAYABLE PERIOD 115123 1614124 3014123 299,0( The to1￿ graDtspaid to in￿lt￿tiL￿ during the petiod was as follows.. PEIUOD 115123 1614124 3014123 Ayrshire Fiddle Orchestrd Ayrshitt Ho4)ice 5.0(K> 45,(KJO 5,0 10.(x>o BtitishRcd CTh)55 Canccr Rcsearth UK lo.￿0 5,(X)O lo.￿0 15,(KK) 15.000 20.0(K) 5,000 5,000 5.000 10,000 20,000 30,000 10,000 3.000 10.000 10.000 5,000 5,000 5,000 5,000 3.000 10,000 3,000 io.ooo HaDsel FLXU]dBtion Macmi118n Laneer Rdief Marie Curie c￿cer Care NatiOT]al Trust for Scotland Parkinsons Dis¢u¢ Swi¢ty Revive Scotland Roya] National Institute fortheBlirnq ROY￿ National Lifeb)al tttrtitution RSNO Salvation Arniy Savc th¢Childr¢n Srotti¥h Cotnlllunity tkarna A550ralion The Ark A￿hITe Gai¢ty Pttrtnership t BelLcisle CoD8¢rvatory Bosw¢ll Book Festival Cumn(Kklrysi Vlhit¢ley$ RdTeat Headway Ayrshire It￿¢[¢￿d¢ll￿ from Drags& Alc(th*l So)tl My N￿rnes tk4Jdie Foundation Ay￿]re Cancersupport 299,000 Pageil ¢¢￿tinU￿...

JOHN sco￿ TRUST FUND NOTES TO THE FINANCIAL STATEMENTS- akntlnued FOR THE PEIUOD I MAY21)23 TO 16 APRIL 21124 SUPPORT COSTS GOVern￿Ce 4.575 I￿]ude0 in GOVernw￿ Costs is£3,813 plug vATrepTe$￿llg the reMUT￿at1O￿lp8Id1OthC wjditor. TRUSIEES, REMU￿TIoNA￿D BEtYEFrrs Undcr th¢ TnLSt Dced, ally TrLth who is a factor OT 50]icitor is eThtitled to charge & reagonable remulleration f their ￿ces. No T¢mullerion has t¢en paid to Trwlees for their seThic¢$ durin8 the peri(xJ Ended 16 April 2024 c the yearended 30 April 2023. Tru$tees' expense8 There were no trustees, eX￿S paid forthe peTiINJ tnded 16 April 2024 t￿r forth¢ yw ¢nd￿ 30 Apiii 2023. COMPARAIIVES FOR THE STATEMENT OF FINANCIAL ACTTITfiES fi]nd ll¥COME AND ENIX>WMETrffS FROM 47,981 Raising fvnds 15.735 Cbarltable a¢tfvltles 310.775 Totsl 326,510 Net gait￿00$$c$} on invest]nents (95.189) NET INCO￿[£1(EXPENDYrn1( {373,718) IIEC0Tr4CILIATION OF FUNDS Tot41 fvnds broll￿t forwg 1,918.398 1.544.680 Pa8e 12 Ltillu¢xl...

JOHN SCOTT TRUST FiJND OTES TO THE FL¥ANCIAL sTATE￿[Elyr3. wDtiDu¢d FOR THE PERIOD I MAY 2023 TO 16 APRIL 2 ID. Listed Ai l May 2023 Additions Disp05a15 .533J82 678 (1533J601 At 16 Apil 2024 500 NET BWK VALVE At 16 April 2024 500 At 30 April 2023 lJ33.382 AJJalysis of itivestnLenLS per Invety is folk)ws: 2024 2023 UKEquiti¢s UKFixcd Intcre5t Global Fixed tnterest Europe Equities Global Equitie5 USAEquities Asia Equiti¢S A]temative As%ts UK Propety International Propety 450.630 95,947 181,886 29.855 391,61XS 40212 74224 182,426 35506 17554 33,536 500 5(K) lJ33.382 Shartr Markd Value Iding at 16104124 Companyl Cory)orate Bonds ShareType Cost Gabclli Vplu¢ Pl (kd GBP 0.01 228 228 Pag¢ IJ con¢inued...

JOHN SCOTh TRUST FUND LYOTES TO THE FINANCIAL STATEMEfm. contIn￿l FOR THE PEIUOD I MAY 2023 11) 16 APRIL 21ll4 io. 2024 2023 At l May 2022 Lts$'. dispwls at opening makn ￿lUC Add". acquisiti(xJs at cagt l 033,382 {1,533560) 678 1916211 (290J75) Nd 8wnl Oos5> on r¢v4Iu*l(￿ at 16 Awil 2024 (92,454) At 16 April 2024 51X) 1533 J82 Fknrical Cost gt 16 April 2024 228 1,442,948 ii. 1614124 s￿4123 Accrued income 12. CREDITORS: AMouNfs FALLING DUE WTnllN OI¥E YEAR 1614124 3014123 Audit f¢¢s accnKd Portfolio management fe4s 4,575 3,770 11,4 4O75 2,436 7200 19,745 14211 13. Net LovemeDt in fill)ds At 16J4f24 At 115123 Unrtstricted General fund 1,544.680 11934 1.556.614 1.544,680 11,934 1,556.614 8cL4 ¢Xntinu￿j...

JOHN sco￿ TRUST FUND I OTES TO THE FINANCIAL sfATEMELYIS. con1inu￿1 FOR PEIUOD I MAY 21)LI TO 16 APRIL 2024 Nel movement in funds, included ill the above aTE&S follows.. Resources Tesour¢¢5 ¢xpcnd&l Gains and Ios5CS Movctncnt in fund5 General fund 66J31 (31.789) {22fj08) 11934 66.331 (31.789) {22.608) 11934 Compfftrntivts for wovement th funds Net ny)vement in futbjs At 115122 General fimd 1.918,398 (373,718) 1.544,680 T(YTAL FUNDS 1,918.398 (373.718) 1.544.680 Comparaliv¢ ￿ movement in fund5, includul in the abovc are a5 follows: tncoming r%(ww¢s R¢60y￿¢S Gal￿ and Movonent expend losses in funds 47.981 (32A510) (95,189) 1373.718) TOTAL FUNDS 47,981 (32A51fl) (95,189) (373,718) 14. REtATED PARTY DISCLOSURES There wert no related party ti￿100s fortheperiod ended 16 April 2024. Pag¢15 continued..

JOHN sciyrr TRti8T FUM> NOTES TO TUE FLNANCIAL STATEMENTS. ¢oDdDued FOR THE PERIOD I MAY 2023 TO 16 APRIL 2024 15. FRC ETHICAL sfANDARD.PROVISIONS AVAILABLE FOR SMALL EIYfmES tn comry)D with mally other busine&w of size and nattry¢ w¢ ￿$¢ ow thitors to prq￿¢ aT¥l thmit rcturtL5 tothe tax authorities a￿1 &8sist with the preparation of tbe fitwicial stat&nart8. I& ULTIMATE CONTROLLllYG PARTY tn thc opinioTL of ¢h¢Trusl¢N, is no ultimate controlling party. Pag¢ 16