af
OSCR
Registered Charity No, SC003592
Sdoossi2 2025 |
ARCHBISHOP EYRE'S TRUST
Accounts for the year ended 5 April 2025
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s : ,
ARCHBISHOP EYRE'S TRUST
Index
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|Page|
|Trust|Information|1|
|Report|of the|Trustees|2|
|Income|and|Expenditure Account|for the|year|
|ended|5|April|2025|3|
|Balance|Sheet as|at|5|April|2025|4|
|Notes|to|the Accounts|5-6|
|Report|of the|Independent|Examiner|7|
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Schedules
| Investments ll Five Year Summary
ARCHBISHOP EYRE'S TRUST
Trustees
Solicitors to the Trust
Mitchells Roberton, George House, 36 North Hanover Street, Glasgow.
Stockbrokers
Evelyn Partners, 177 Bothwell Street, Glasgow, G2 7ER
Independent Examiner
Gerard P Crampsey, Stirling Toner Ltd, Chartered Accountants
Inland Revenue
CR 30409
Registered Charity Number
$C003592
Page 1
ARCHBISHOP EYRE'S TRUST
Report of the Trustees
Purpose of the Trust
The Trust was set up in 1902 in accordance with the terms of the Trust Disposition and Settlement of the late Most Reverend Charles Eyre D.D., L.L.D., first Archbishop of Glasgow following the restoration of the Hierarchy of Scotland in 1878. It exists for the benefit of charities active in the quondam Archdiocese of Glasgow which comprises the present Archdiocese of Glasgow, Diocese of Motherwell, Diocese of Paisley and the North Ayrshire part of the Diocese of Galloway Each diocese appoints a trustee who, traditionally, is not a member of the hierarchy. The trustees meet once a year to approve the accounts for the year to the previous 5 April and to decide on the allocation of the surplus arising during that year Financial Review of the Accounts The accounts set out on pages 3 to 6 show the financial position of the Trust at 5 April 2025 and of its income and expenditure for the year ended on that date. The surplus before charitable grants is £23,390.49 (2024- £20,064 26) Accrued grants of £17,000.00 (2024 - £16,000.00) reduce the surplus after grants to a surplus for the year of £6,390.49 (2024 — £4,064.26). Investment policy The investments are held in accordance with the Trustees’ powers. The investment policy which is reviewed by the Trustees from time to time is aimed at maintaining the real value of the funds over a period of years and thereby providing a reasonable level of income for grant making purposes. During the year, the Trust reviewed its investments along with its professional advisor. The market value at 5 April 2025 was £569,395 compared with £595,971 at 5 April 2024, the fall wholly attributed to “the ramblings in the Rose Garden” on 31 March 2025 Reserves policy The Trust has a policy of making annual grants in line with its net incoming revenue resources for the year. The reserves of the Trust are mainly represented by investments, the income from which is utilised in making grants Risk management
The Trustees have examined the major business and operational risks which the Trust faces and are satisfied that systems are in place to monitor the progress of the Trust and take the necessary steps to lessen these risks.
Trustees’ Responsibilities The Trustees are responsible for preparing the Trustees’ Annual Report and the accounts in accordance with applicable law and the UK Accounting Standards (UK Generally Accepted Accounting Practice) Charity law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources for that period. In preparing these accounts, the Trustees are required to (a) select suitable accounting policies and then apply them consistently; (b) observe the methods and principles in the Charities SORP 2019 (FRS 102): (c) make judgements and estimates that are reasonable and prudent: (d) State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts: (e) prepare the accounts on the going concern basis unless it is inappropriate to presume that the Trust will continue to operate
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust and to enable it to ensure that the accounts comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the Trust's constitution. The Trustees are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities Independent Examiner appointed[iiIn accordance with RegulationEE of11 Stirlingof The TonerCharities Ltd toAccounts be independent(Scotland) examiner.Regulations 2006 (as amended), the Trustees ae 19June 2025 Page 2
ARCHBISHOP EYRE'S TRUST
Income & Expenditure Account Incorporating Statement of Financial Activities Year ended 5 April 2025
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|---|---|---|---|---|
|2025|2024|
|£|£|
|Income from|
|Investments|26,601.27|25,855.57|
|Interest|3.41|23.51|
|Total|income|26,604.68|25,879.08|
|Expenditure|on|
|Charitable grants (Note 4)|17,000.00|16,000.00|
|Administration costs|(Note|5)|3,214.19|5,814.82|
|Total|expenditure|20,214.19|21,814.82|
|Net|surplus for the year|6,390.49|4,064.26|
|before|gains and|losses|on|investment6s|
|Gains/losses|on|investment|assets|
|Realised|29,704.24|5,971.73|
|Unrealised|appreciation|(57|507.94)|(481.69)|
|Net movement|in funds|-21,413.21|9,554.30|
|Funds|brought forward|605,367.23|595,812.93|
|Funds carried forward|£ 583,954.02|£605,867.23|
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Page 3
ARCHBISHOP EYRE'S TRUST
Balance Sheet 5 April 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Fixed assets: | £ | £ | ||
| Investments (Note 2) | 569 394.71 | 595,791.00 | ||
| Current assets: | ||||
| Stockbroker | 33,459.42 | 27 484.40 | ||
| Total currentassets | 33,459.42 | 27 484.40 | ||
| Liabilities: | ||||
| Amount falling due within one year | ||||
| Grants (Note4) | 17,000.00 | 16,000.00 | ||
| Accruals | 1,900.11 | 1,908.17 | ||
| Total current liabilities | 18,900.11 | 17,908.17 | ||
| Netcurrentassets | assets | 14,559 31 | 9,576.23 | |
| NetAssets | £ 583,954.02 | £ 605,367.23 | ||
| Thefunds ofthe | charity: | |||
| Capital Fund | - Realised (Note 3) | 373,856.03 | 344,151.79 | |
| - Unrealised (Note 3) | 127,944.92 | 185,452 86 |
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| Revenue Fund (Note 3) | 82,153.07 | 75,762.58 | ||
| £583,954.02 | £605,367.23 |
Page 4
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ARCHBISHOP EYRE'S TRUST
Notes to the Accounts at 5 April 2025
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i. Accounting policies (a) The accounts are prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The accounts have been prepared in accordance with the Statement of Recommended Practice for Charities, theand FinancialTrustee InvestmentReporting Standard(Scotland)applicableAct 2005in,and the Unitedthe Charities KingdomAccounts (FRS 102),(Scotland) the Ty RegulationsRegul 2006 (as amended). The Trustees consider there are no material uncertainties about the
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Trust's ability to continue as a going concern.
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(b) investments are stated at market value. Unrealised appreciation/depreciation is included in Capital Fund. Gains or losses on the realisation of investments are taken to Capital.
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(c) Investment income is included when received. (d) Expenditure is accounted for on an accruals basis inclusive of VAT.
2. Investments
| Investments | |||||
|---|---|---|---|---|---|
| Investments | 2025 | 2024 | |||
| £ | £ | ||||
| Cost At6 April2024 Add: Purchased during year |
410,338.14 119,120.77 |
404,919.19 20,488.81 |
|||
| Less: Disposals duringyear | 529,458.91 88,009.12 |
425,408.00 15,069.86 |
|||
| 441,449.79 | 410,338.14 | ||||
| Add: Cash held by Stockbroker | 0.00 | 0.00 | |||
At 5April 2025 |
£441,449.79 | £410,338.14 | |||
| a | |||||
| —=——=—===——— | |||||
Marketvalue at5April 2025 |
£ 569,394.71 | £595,791.00 | |||
| Unrealised appreciation | £ | 127,944.92 | £ 185,452.86 | ||
| OO | |||||
| Realised gains on sale Proceedsofsale Historiccost |
117,713.36 88,009.12 |
21,041.59 15,069.86 |
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| Credited to Capital | 29,704.24 | 5,971.73 | |||
| 3. | Funds | ||||
| Capital Realised £ |
Capital Unrealised £ |
Revenue £ |
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At6April 2023 Realised gains Adjustmentto marketvalue atyearend Surplus foryear |
344,151.79 29,704.24 - - |
185,452.86 (57,507.94) - |
75,762.58 - - 6,390.49 |
||
At 5April2024 |
£373,856.03 | £127,944.92 | £82,153.07 |
Page 5
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ARCHBISHOP EYRE'S TRUST
Notes to the Accounts at 5 April 2025
| 4. | Charitable Grants | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| 8. St. lsidore's, Biggar | - | - | ||
| 16. Missionaries of Charity, Pollok | 2,000 | 2,000 | ||
| 33. St. Palladius', Dalry | 2,000 | 2,000 | ||
| 35. St. Vincent's Hospice, Johnstone | 2,000 | 2,000 | ||
| 36. St. Andrew's Hospice, Airdrie | 2,000 | 2,000 | ||
| 37. SPRED (four dioceses) | 4,000 | 4,000 | ||
| 43. Paisley Youth for Lourdes | 2,000 | - | ||
| 44. St Margaret of Scotland Hospice | 2,000 | - | ||
| 57 StJohn Bosco, Easterhouse | - | 1,000 | ||
| 57a St Dominic's, Easterhouse | - | 1,000 | ||
| 59 St Bride’s, West Kilbride | 1,000 | 1,000 | ||
| 60 St Benedict's H S for Malawi | 1,000 | |||
| £17,000 | £ 16,000 | |||
| Glasgow Paisley Motherwell Galloway |
5,000 5,000 3,000 4,000 |
3,000 4,000 5,000 4,000 |
||
| £17,000 | £16,000 | |||
| 5: | Governance cost | |||
| 2025 | 2024 | |||
| 25 | £ | |||
| Stockbroker charges Independent examiner |
2,614 600 |
5,215 600 |
||
| £3,214 | £ | 5,743 |
The Trustees (or any person connected with them) received no remuneration nor re-imbursement of any expenses.
Page 6
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REPORT OF THE INDEPENDENT EXAMINER
TO THE TRUSTEES OF ARCHBISHOP EYRE'S TRUST
| report on the accounts for the year ended 5 April 2025 set out on pages 3 to 6.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland Act) 2005 and the Charities Accounts (Scotland) Regulations 2006,(as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. Basis of independent examiner's statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, | do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
in the course of my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that in any material respects the requirements: * to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
¢ to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
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have not been met, or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to
Stirling Toner Ltd, Chartered Accountants Office 2, Second Floor Millworks, Field Road, Busby Glasgow G76 8SE
19 June 2025
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Page 7
ARCHBISHOP EYRE'S TRUST
FIVE YEAR SUMMARY OF ACCOUNTS
Schedule II
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Income and expenditure | |||||
| Grants | 17,000 | 16,000 | 16,000 | 15,000 | 14,000 |
| Administration | 3,214 | 5,815 | 5,743 | 5,586 | 3,644 |
| Paid out | 20,214 | 21,815 | 21,743 | 20,586 | 17,644 |
| Income | 26,604 | 25,879 | 25,575 | 23,948 | 20,320 |
| Revenue surplus | 6,390 | 4,064 | 3,832 | 3,362 | 2,676 |
| Capital gains | |||||
| Realised | 29,704 | 5,972 | 17,819 | - | 14,149 |
| Balance sheet | |||||
| Investments Debtor including stockbroker Bank |
569,395 33,459 - |
595,791 27 484 - |
590,854 22,845 . |
590,613 21,043 - |
530,532 16,660 - |
| 602,854 | 623,275 | 613,699 | 611,656 | 547,192 | |
| Creditors | 18,900 | 16,908 | 17,886 | 16,869 | 15,698 |
| 583,954 | 605,367 | 595,813 | 594,787 | 531,494 | |
| Capital - realised unrealised |
373,856 127,945 |
344,152 185,453 |
338,180 185,935 |
320,360 206,561 |
320,360 146,630 |
| Revenue | 82,153 | 75,762 | 71,698 | 67,866 | 64,504 |
| 583,954 | 605,367 | 595,813 | 594,787 | 531,494 |