DUMFRIESSHIRE EDUCATIONAL TRUST SOIEME 1961 Charity NumberSC003411 Annual Report and Flnancial Ststements Year ended 31 December 2023 Tru* aert Trnasur•r&14al Ser¥1 Dumfries and Galloway Coundl awlty Numb•rlStathnd) SC003411 •tsiered Offl¢• & Prf*l Pl￿ of Dumfrles & Gallowty Coundl Enllsh Street Dumfrles DG120D Audltor C•rson & Trott•r Chartered Accotmtsnts 123 Iflsh Street Dumfries DG12PE 8anl of Statland 91 H*h StRet Dumfrles DG128N Brewin Dolphln 6 RoorAtrla One 144 Morrfynn Str••t Edirthrgh EH3 88R Contffits rrustw Annual Report Trustees, Resp(msibllitles Statement Independert Audltorfs Report ststement of Fknancial Actkntles Statement of Flnancial Posttlon (Balance Sheet) ststement of Cash Flows io Notes to the Fln•ncial Statements li TheTru%tees presertthelrannual reportand finandal st•tern¢nts of the (harltylorthe sear ended 3tst (knmber 2023, The fin•nd•lstatements ha%tbeen prewed In actorda￿ whhthe a(￿Unt￿l pO￿￿e$Set oiitlTr ￿tI to ihe ar￿nts and cornptywtth the¢￿￿(￿% tnlrt dted. the a4fftleswd Tnstee Investrnent15¢odand) Ad 2(X15, theCh•rftieAccountslSottandl Régulat1¢￿$ l•$ afi*ndedl andAccount*¥and ReporttbVJ by Chartties: Statementd Recomrnended Prnctt¢e appllcablèto tharRl•s preparlngthelr•ccowrt5 in o¢tordoneewlth th• R4yortlr4Stsnd•rd Jppkable Inthe UKarMI Aépubkof IrelartdpublSthed SnOciober2019. ObJ•cd¥eiarnla¢thi111•5 Thè pury)os•s of theTntstarethèrA*44ncen*ii of edue•tk>N th•ad¥arufflert¢f the4rt4 herft•8< trsden¢e •ndth¢ adVan¢•M￿l ofpubl¢ partIdpa￿ in ¥th. Grnrt mthlng polky TheTntstlbas •stsknhed fts m•th8 polltyto •thlÈve Its objectsforthe pubUel*rtd TheTru5tln¥lte5 appbcatlorns for 8rnnts frorn Diwnfrl*shkn5thod$adst*Jdentsln a¢cryd4nce*lth spe&lled8r4n¢ edu¢atknJl purptyesset out th theTnJJt deed. TheTnstmeetsb74nnvaly. wlth t￿first Meeti￿ ofthe yeJr e5tabltshlng Ihe ￿oUrta¥aI￿b1e to thburse Jndthesuwxed Iwets for each Of￿￿?110￿ yanL Tnthees h•¥ethed15crthn ¢0 InweaSeorde(¥eaSegr•￿ asrna¥ lye requlred. The prtiKipal btmeflts ￿¢￿eTTI￿5 wortl aea55WDumfr*$51tresdmlsedu¢atthal trlp •ndstud8fflS St￿1[e Tmol •Trl educ￿10￿1 tra¥el8rants asststed sd￿D￿t01￿pUpI￿oTr •nwfiber ofth¥¢Treartlh8s. The n•xt blWareaof wpport was for prornotlngo*JAtloTrkn the thalart&Mthlch wx*thle¥edthfOUAh 6UPpOrtI￿ the Fln•n¢lal Yevlew The TfUSt'5 Work 15 entlrely rellanton I￿￿Tre and hw*stmÈnt f*fym5 from Its share portfollo. The marlel valuè of Trnsfs Investment portfoilo IrKfea5ed on the year ty£43.388 wth dM(lend thcomeof£38A924enerdtd In theyear. There wasa SU￿u$for th•yoar (*£H71812022 deftdt£166WO) whl(h 1$ pYedomin*ety In relallon to the 8aln on Imothnts. The level ofgraTrts awarded In the*na￿alVe¥ Is lower In ConVrf￿to prevSous wrsdue to redu¢ed appllca¢l(x&Total fvndSc￿ 315t December 2023 •re £4A21A56 madew>of£92Q125 urffotrlrted lund& £1SJOS restrlded funds and £3.486.026 er*ltr•rnt fund& IN￿$￿￿•￿1 pollry•nd p•rf0vM•b￿• InvEStrrvèntatt4lsoYs Brewln I*1h￿ #rethstruct•d to pw£ue an In¥estm•Kobia¢bveofkncm & Growth R•tuffl. The Intrntlon tsto%hteve •wdl4lvw4fied po￿￿0 ￿ assffl da￿￿lthW•￿￿f0V￿rds mor•s•eur• knf•stmefttswch as 7h¢Trustk • l¢mfrterm InN*stor t4￿lake$thevIèw thltdwlteshort tsmlvoth￿ltyIt￿dI maeket1e￿ $111 r¢m¥ln on an upv4rd ¢rwd. Theirurte4 on profess11￿#1 adv1* ¢Ohllnue io hold a rnlxed portfollo of e4ultles, l>tsnds, avxl •th•r 1nwskneDtsdes￿ed towo¥lde a level ofstsble in¢tynea￿tht possf• of Investrnent8aink Ald(maTrag•m•nl Th•Trustees ¥se55edthe n*rfsbto¥thlth tr*Tnsst Is Inpwllttthrthose relatm8lKlthelfiances ￿&aSSe￿ of thèTfu#and aresattsfied systems 4reln pla¢eto rnltl8ate to major rlsl& Th¢ 155essrnent has identllled th*fhMndalsu#ahMlJllty lsthe mI￿r r15￿ A key e1th￿￿tIft the maniBement olnnancial Ytsk Is an annual fofttastof kn¢ometo be fecel¥ed from the Tn￿￿SIn¥15tr￿8nt portfolo. INsenswè5 yant rnaklw and rnnnlng expensts oftheTwst matth as doselyas posslbletg fryttaa IrKorne levels. TrnstwAAN*l R•port farth• yew end￿ JI Dewnber 2023-¢MiITh￿d Resernes polky 140 r•m•5 ar• rnalntslned by the Tnrt Th•polkyoftheTryst15ts 4￿dt0 the tevd of a￿￿1 I￿Nne(￿l¥and Investm￿t portfoK¢ lo prwlde ca￿tal8r0wth. p1w￿l￿rth• fulurn The obJethe$ Ind Is setTh>t bytheTrust De•darnl WIN eontlnueto be adhered to. Wlth tlo Invostmert obJe¢d*s ofthetru5t to be Iw term yowth h) Ixome the •kn 1$ to malntsln 8f•ftts at *¥ds that take4c￿WIt0fIbth4ll (•) eonsdtutl• TheTrnrtls a rewsed unincorp¢rated chwfty In SrA>tlan4 ChJrltyNo. SCOQ341L •nd opernted undttlhe wles oliheTrust Dttd thatwas •pprMlon Z7 No¥ember 1961. The management oftheThist Isihe 501e resp)nsI￿lIty of t￿TrUst*￿V￿ rnak*thelrled5k¥ns atquarterly meetlnqs al￿ are elected ¢wied undertheterrns olthe Iwst deq Ib} R¢uukrne￿V￿ApPQl￿rnint olTrusN•s The board of trurtees consLstsolthefofflowln SIX persong appolrjted by thÈEducatlon Commlttoe Two petsom apwlnted by N￿mI￿Area Commlltee Irepresentatl¥• ol Dthbfrles Sanquhart Two persons appolnted by Annandale & Eskd*AJea Comm5tte¢ One per￿￿ fr￿nSWRI rwocmrted Trusta•swlth th8ntexpuI￿te ThtflTSt thréeeroup5 of appuiilm¢rts areelected mthnbers of Durrtfrks & G•lowy andswv¢•twrn that eolneld95 Thlth the Iifeof iheele£tearttles SORP 2019 IFRS 1021,. • m•keWd8eft￿rtts andatlmate5 that 4ie ¥eawabteaThY Pfudem. • Slaie wl*th•rapplkable atcoJrtknBstsndardsh•vè ljeenfollurt suwed toanyrftaterfal dep¥tur•s d1$d￿ed and ¢xpl•lned In thefinandal statements: • prèporethe fin1nd￿#￿trA￿ts onthè80118miatlcm and. In t*)Iw so. consklwwtthr thet)ther Inf0m￿tIon Is rn•teiially InconslrtentvAth thÈ finantlal st1terft￿ts or wr kyJowW obtalned in the cO￿￿e01 ihe audltor otherwbe appears ￿tse materfalty misstated. Kw•lthnUfysud) mltsrfal lfitond$t￿des of ¥ppareNt m•ttsial Misstatemen￿ we we requlred to detwmlne*h¢therthls rise toa matertal m*siatement In th• fin¥￿al st¥ternentsttronsefvu. If, bosed On thèwork we perfornie￿wt concludethatthere is a materlal mlsstaten*rtt of ihlsothu knformatlon, we are reguired to fepc*rtthat We nothln¢w report In thls rngaro. We nothln8 to repxtln rttpect ofthe mattwsln towhkkn thetharfll￿AcCnunts (Scoitsndl Rexutstior 20o6requ1r￿ us to reportto you If. h•uropknlon: the InloTmatlon ITh the tlnancw stslernenls Is IKonsots*ln *tym*rlJl re3pe¢iwllhthetruso¢rf rwrt: properat￿￿MInS wwd$ have not been kq>t; or thefinanthl ststrnts areftot In th••ee¢wntlnB rec4xds.ix wehm not recql¥ed aw fv Infommllon wdexplafftaiions we requlrefowow4wdll. s expl*ned rnore full¥kn the trnsiffts. re5pcfflslJllltles ststem•ntset ¢)n py4 the trustee5 Ire le$￿51bIEforthq prepirthion ofthethanclal ststements and fvrbeln8 thai theygl¥e a true and ¢*blew. •nd forsuth ¢ontrol a5 tr*tNste¢s detwmkne Is necessaryto enablethÈpreparathn offThndal 5t4twnerts th•t iro fF¢efrw m•térl•l mlMiatemen( wheiher duÈtofraudorerr(¥. In prepthrfthefinoftdal 5tstsmeiits,Ihetrust485 We￿ponsIbl• forassesslngthe tharltysablltyto contlnuÈ as a loi é1sdostr% as •pplICab￿ mattersrelated toMctMcem and uslr&the&oTn8wi¢•m basss ofaccountlr4 unless the trusteeselther Intemd to lIq￿kIalet￿¢ charlty ortocease oper•tions, ar havÈnofeall#tiealtwnatkn buttodoso. Welw• b••1 •kwanteO as wdltor urnlerseciion 44(1)Ic} of thècIMrfJtsand Trurte Inve5tYwil (Scotlandl Acl 21x15 Jnd undtr theC(xnpanlesArt ￿6afi￿ rekwxl in•cCLYd*￿W1th thertt fdthqfttwlations mm* (ff h￿l￿elf•￿ther¢Under. ¢)Ji obJértl¥•s #￿ to obtsh) r￿Sonable ¥ssuf4K• *bout tle finlnoal $tstoments as ? wth¢>le are frte frNn rnalqri MI￿￿￿8n¢ wh•th•r6wts fr￿d or ¢rior. ahdtolswe an atKfjtorf$ feportthat Includesoui oplnlon. Reasonable 4SWTano Is a of assur4ne¢ but is notaguaranteethatan¥￿ condvrtedln acwrdancé wilh Is￿ (UK) wlll a￿•¥$￿ete[l • matwlal mtst*mert It ÈxSsts. MIsAateMents arim from fraud or erfty •nd are ¢nNldwed Thate￿I rf. Indl¥lduaMy w In the a88re8ate, th•y ¢ould reaso￿￿ ￿ ewted to Influ•rKe theecaAomleOe¢lslons ofuséts tsken on the of11￿¢ flnandal st•lernthits. ITrryJlJrltEes, Ind￿1b*fraUd. *re Inslances Of n0n%lon or mlsrepTe5entstlon. A lurtherdescrlptkni of owresporfjlbllStiès fortheaud5t of t￿l￿a￿ljI51at¢Ments4S located on the￿n￿da1 Reportln8CthrtlVs ¥Mbslte at Www.frco￿uk1alKllt￿srQ$pW*llltIe1. TIMsdescrlpYgn form5 P8rtofour aud10￿$ ry We comMunicatetAlththosetharged wlth gwmanceIe8Jrdl￿ amongoihttmatter4 the p1amr￿ smpeand tlmln8ofth#*#11t and $16rJlkon¢audit findlnts Indudln88ny Wfkant defideFKl&s In Intemal ¢th*rol tI￿twe lthrrtifydurfnB ouraudlL Uxofowrnport This (t￿rt Is made solefy tothe(h￿S Iru4tee4 asa bothy. In ¥(¢4¥dance wrfth Rwlation 10 ofthe Charftles Acco￿ts 1S¢otland> Rwl8tk>ns 2000. Ouraudltworkhas been tyndertaken so that￿ ml8ht state tothe tharI￿$trUStees thp5emati¢rs we are requtrodtostat¢tothem in an repNt and for no otherpurpose. fo fidlest Èrt¢nt pemiltted fy law, M (b t atcw orwume resp￿1)511tyto arryoneothwthan thtcharityand the ch￿￿s￿￿teeS as a body,tsr ourwthtworL ft thls repo¢ orforfj*0￿1Q￿swe havefornied. efktr CA. Carson and Trotter Chartered Accountants 5tstutoryAudlt( 123 Irlsh Street Dwnlrfes DGI 2PÉ Datr. 2Q2S C¥50n and TKotter15 eP4th forappolnth?¥*as audkWofthech￿tyuftder rq6ulatlon l(rf2) ofthe ChDrfllup￿￿rtts lkntl•rKII Wat1(￿by￿rnJe of Ys effizlbllty underSe¢¢ityb 1212 of ihecpmpanles Art 2(Xl& Yffir•Ad•d 31 De¢fmb•r2023 22 nds Totsl Investments ch8rk4bkAcU¥5￿8S 3&890 37304 TaMI Ine4A SA52 93 1565 &1 17J67 26P39 Ch•rlt*L4e¥￿￿0eS 19 162 R￿￿4110n01*rt Collecuon Giln N•t G¥knIlLos￿N on kn¥estments Ilet Iw•Mllexpendllwe> 37,782 25,947 812 64 718 116WI 617 17.135 64 718 1164440) Trtalfunth br￿8ht forwlrd 873.158 14M8 U68.892 4.356.n8 4523,179 Tibiillundswfledf•ThYud 27 4.42L456 4 AIknc4yneand eynd5ture dffiI¥efr￿n contknih*ststsMe￿1￿e$ts1ernertof￿￿4￿I actl¥S11¢s Indudes all g4in5¥nd ltyss•s ¥erOw￿leddUth8the yw. The noTes on p4es 11 to 16 Iofm an Integral p￿t0fth￿Ilrw￿d￿I st*ements Sl•tsmertotFlllmdal Posltlon {Baknc• She•tl YwrqNd•d 31 D4C•M￿rI015 Punth Funds FurAI$ Tal•1 Tot*l 1063550 3063,550 3th.$50 415938 1.315 lrnwtmet)t$ 14991 1479 $63 4 335 175 D•btors." all r•¢thble wlblkn mgy lttn05 h¥d tyDGC 2Q749 951 43 314 U•bifrtl•s C￿fall￿￿dUeWtthlft Ime Totsl Il•blltles 36 314 92 21 027 21 56 4 356,738 Th•fvnd$ •f th•tr End?￿ne￿l￿ndS. 063.550 3,C63550 3063,550 421477 421477 405,342 15?05 14,688 920 124 873 158 Expendable end¢M Re5tr1ded Income fvnd5 Llnrestrkted lnrwftf￿ds 15%)5 738 Ilnand•l statth•its ww•¥pprow•d on tstjuly. 2024 by th•Tn•stee5and on bohallbr. 20Awffjl 2025 The r￿e5th pa8•s 1110 16fomi an part 01th•s•fin￿OI1 statements Yw•rnled 31 D•rnmb•r2023 Fund5 135.7 720 Interert and dlvkknds Practtds frtxn ihesale of #iv•stm Purth•se of Irbveslm•nts Mavernènt In (ash heldfor Investsnent Ilrtcash pvvlded by(¥sed In opwalkniactrAtsI 3&￿90 581326 1575.985) 37, 9,790 1124.4931 47X#)3 45,997 J&273 12377 Cayh •nd t¥Ah•4thalkntswmlsts•P. qn Notsstothe FIn￿d￿ Statrments YMr•th 31 D•cwnb•r2023 L Polkl•s The accounts have tsen wepared wder the hlstfflcal costconv•ntlon wlth ttems recryitsed ateost(Jriran$8¢Tlon %•lue unl othe￿11¢ slatrd Inthe rdqvanl not•510 these*¢¢￿nts. Ilnandal stalwnents hwe been wepared In accordante wlth the ststwn•nt of R•commW￿ed Pradio: Acwundn8 aTrJ Rèportkni bycharlties prepartn8 theiroc¢nal Exojrsions Educatbn4lTrwql 3.￿10 ZO.1 Ibl P•ymont from the ￿ttI)nfund tts theTrkrtton ¢omA￿ttle GracefieldArts c￿tre (Wmkyouth Awards 3.558 3A62 CourKI feesfor ser¥lces of thedwk Courtl fees oftt*trèasur*r Insuraftce Prernlum ¥560 4,117 Bank¢h3rys l¥dltorfs remuw8llon 120 961 Totsl Ejyendtturean CharftableActlvlles I7￿6? OItheex￿nthturQ on tharttsbk acts*tle¥ £14.Th% vds Unresirftt￿l2D2l. £216381. £69 r￿tted IX¢22.£60and £3J89 endowrnert12022-£3,3951. Icomewxtramfeffed tolheGeneT4 Fubvj fmm thè fr4JMn Inc(xne capita￿•d Fundand the Resmrted Fun¢ In accorda￿wIththe wovlslons of the constliuilc*L Ilot•5toth• Fln•Kla Stat￿￿•￿. (ontlmiod Yur•nd•d 31 D•¢•Mbor 2023 iy va￿at{m at lJanu•ry2023 Inrrease on reAknalion 3.1)63A5Q 3,LW.$50 3A%3.550 3,063,550 Th• Tftrfs extffftal ¥ah1•r￿OfAIIkoTr Ctrtt Ltd) rarrled ¢>¥t a full ￿luall0n ofthe art colkttion on 29 Ortober 202L The ¥al￿tIonS were b35edon tommerdal rnarket& Indtsthw recenttran5KtionirknmMtlonffOrn ￿lI)R$Wh￿eS￿ltsr types of artw¢rk are regula￿¥ beln8 purthased. 31AII3 3U222 31.1121 >L12aQ ￿1&19 Inueam In¥•lwtlon Carryhw ¥atue 3.063S50 3,063J50 3ffi3￿50 I863,W U6196Q market￿l￿e3t lJarw•ry 2013 Addllw kn yewatcdst less(*sposals •teWryhw￿lUe llel841￿llI0$S¢Sl on revilvatlon MarketvJlue•t 31 De(￿r 2023 Hdd on Oowln DealhwA¢£ount 1256.n9 575.985 1583.320 51502 1301 L44L653 124A93 1139.7911 169 16 1256.739 1271.625 Cost8s4t31 DecwnlJeT 2023 All Im*stmeAtsare carrled atthdr mirketvalue. Inve5bnÈrt Inequltlp54nd fimed Intwest seturftles are JlltradEd In quotsd publk markéts. w*Tr¥llythÈ knndcm Stock Exthan8e. Hold1￿ In comfflon IFNe5tmentfi￿ds uTrlttru5ts and ow•nde vèstmènt cornpanles afeatthe bkl Pl￿.AssetSaIes and purchases we reCO￿ed*the date oftrade *¢•¥t (that ts thtlr transacllon value). 9. D•knAm￿Mts fallln8 dve wlthih ofte ye Inwrathce PreptyM*t 17.666 6J82 6A82 749 1A tlot•sto th¢ FI￿￿ StateM•nts. ¢Ntlnu•d Crtdltors: Anmwntsfalllng due wkhln¢•* ye 32.796 31796 11. Analysts of dWftab￿ funds Prnlysts ol Fund Oal•nup Exp•ndttuvt TfaMf•n p￿1￿￿10 la) Perfftanent endowrnert 3163,550 Ibl Expendable •)dowmeftt 405.342 1¢) Rwrtctedfvnd Idl (thre5tritted fund 3,(%3550 422A77 15305 920J24 4,421h56 aol 443 {6.OS4) 1162) 19 12&677) (8.812) 1371 I9.7￿) 4356.738 38.890 S1,SOS An11b￿af th*li•ble Funds~pffethisyttr {el P•rniJnerteDdowmert aj￿4 (fj Expendablterthfflent 46U07 ts) Restrlcted fund 1&71S (hl unrestr￿tsd fund 3.063A50 405.342 14.688 873 158 li￿63 427 15,938) 1159) 28.171 134328) (8A67) 13591 26 (53.563) {1,9341 4,523.179 37A04 1169,6161 4,356,738 IA) Thè Perrhattent endowrnÈrtfw￿ wresents thevaluedtheTrM¢s•rtcollettion tlmt bhlstgrlc andlnalenable. Ihe o)Mectknn Is ¥4luedoft •trI￿nIal baslsaftd ihefunttsvaltsewll rdectthelnrye05eor oductic+n in thevatrjatton of ihe Ibl Th?wendab￿er￿l0¥Im¢nt fund5 ¢￿￿￿tor, Inc(th@C*￿tIlI￿ F￿nd Iwswown from Incomi ￿leed In Ihefund atthe end of yeaTs**ereihefvll amoun¢ pf Income ha5 boen wed for Trust wrposos. It Is an endowmert fund catyial otwhkh ha5to bemlntslned. The Inwme li Ided io the In￿rne ofthEgwral Itmdto be appl￿ ac£rydlTrg tg thepurfThS oftheTrus1. It ffj ￿¥¢d by sKtlgn of the Tiust Dqe Hwttonlurtd lsaTrendowmeTrtfvnd ortin8nytransferred toth*TrurtbytheTwstees o1th2 HuttoTrfund. As•Tr endowmentfundthe capital ts mahts6ned. The Incorne15spllt xcordlngto theTwust Deed between theHult C¢wnM*￿•nd theE￿¢r￿1 iknd. ￿ Is ￿ered by 5eEllun 20.1(bl t>fth•TfU51 Deed. The Huttm Commlttsefvms p¥1 of the Trust bui hasa dutyiofurther ihe fNsts wwo5￿￿11h0n the Parfsh of Caef5av•fock to provldefor the n￿. educattonal purpose5 sel￿Jt Deed of Mortlllcatlon ty Dr. John Hutton tlatod 14 Fetruwy 170 1¢) The restrKted fvndsconsbiof: Rewe Fund Is made ¥pofaBreed tontrllxrtloro fromththeT the Mutton Fund OrtheBene￿lfvnd.Th• pwpose ofth15 fvnd isto meet costs aSs￿lIte￿With thelnJ5ts herttsble propèrtYT*hl¢h•re beyond t￿nDr￿aleXpettQd Iw•lk Th551s covered by 58dloM 20.1 Icl and 28 of thETrnst Deats. {d) Th# fftaln fundof the Tfustistrtyneral fund.the InEDme of whlch ts avamaklets theTrustees to ￿•1¥ to the 8th¢ral pwpose5 oflheTwst. K ts covffed byjwion 20.mal ofth*Tnis1 Deed. 14oteSt•the Flnand¥l Staternents.m*lnued 12, Rrfththalk4n ￿ nrt mov•Tr*rt infvndsto net ¢ash Ilowfrom oper•tlryf a¢tPéhi Ilet Movem•rt In fund5 IGalnsVLé#sés on Inv•sth*n Deduct Investmént hxty Doduetknuea5eln Art Colledlonvakmtlon Inu¢•selldettease} kn e(edl¢oTS Ilmsdlde£fva5• In d•btLVS (51$02) ,8901 169,616 (37￿04} 1810 IW65) 14729) 13031 911 133.7201 14. Contmllkni lthr•rt Th#Trn$t Ss underthe ofth•TA*s. 15. Audltarfs PaAwn¢r•tlon Thp•wUtrfs rfftinwalton amrnmtstoan ts•of£96112022. £3J4o).A￿1￿￿s remwatlon d￿dOSed In note 5 ts rfier adh¥Wwforihetsnder prort51on ofxcwalk l& R•lat4d partytrnwLkn aAdtntste¢rf •xpon5es and remun•rn114 Key rnana8em•rtperxmr￿ af•the some as the Tnsteek TheTrusteo all fyefreetyof thelrtlme and expertliewth £nll rémuneratlonuother In tash ¢Y Ynd pald théye•r (2022-£nll). Expense5 paid wtheTwstee5 inthey¢arwas Éni (2022-£nHI. D￿nfrIe$ andGaI1(￿*Y Coundl p¢rfornthe drt traasur•rand11841 sw¥lces forthtr7iyst4nd reth f•e lorthwe l)urnfrles andG3Woway Coundl ha¥e1)¢￿ payrn￿ts ¢)n behalfoftheTnot•nrf rec¢M￿ rdmbutsanent Hv#eRr, afterthe l)umfrlessMre Eduf21knnal T￿￿￿$ bank acrountwas dDsed In September 2023. Dumfrle54NI Galloway COWKII hwe be&) handlln8all receipts Jnd pèyrnej￿ on behalfotthe Trust. An amwtof£32,873 waso¥tstsndlnB to Dthnfrlesshire Elueaiiaftol Tntstas at 311)ecembff 2023 IZ022-£20,212 owed to Durnfiles ano 6aHowy Coundll. The process af open&￿ • nwb•nk%count IsuA¢lthway. 1A