The Weatherall Foundation Trust Reglstered kn Scotland Charlty No. SC (22 Report and Finanoal Stalemanis Year Ended . 30th June, 2024
The Weatherall FouNlabon Tnjst Contents Page Legal and administrative infomiatic Report of the trusteos Report of th& independent examiner Recelpts and payments ae¢ount ststament of 8alanee$ Notes fomiing part of the financlal ststements
The Wethr811 FourMlatK>n Trust Legal and admlnlstrallve Infommllon Trustees R•gisknrod Offic• Gillesp. Gifford & Brown LLP 135 King Street Castle Douglas DG71NA Independent Examiner Farries. Kirk and fvlcV6an Chartered AGwunlants Dumfrles Enlerprfse Park Healhhall DuMfr9 DG13SJ Bankern Roy81 Bk of Scotland ple 133 King Slreet Castle Douglas DG7 1NB HSBC Private Bank IUKI Limited 78 St James's Stre81 London SW1A 1JB SoAcltors Gilw. Giffo & Brcvm LLP 135 King Street C4sde t)ougla$ DG7 1NA PwJ8 1
The We8theral1 FtyJKlafion Trust Report of the Trust8•8 for the y•ar •nd•d 301h June. 2024 The trustees submit their annual report and Ihe independenuy examined financAal ststements for the year ended 30 June 2024. The Weatherall Foundats"on Tnjsl is a thantabk unincorporated association. Govgrning dument The Foundation is an UnlOrpOratl charity is govemgd by a Twst l)d. Oblectlves of Ihe Trust In accordance wi(h the Trust Deed. the obj& are :. the relief of poverty b. advanc8ment of edu¢ation G advancgmenl of relIgn d. advancement of heaNh . advancement of citizenship or community devebpment f. advanment of the arts, heritage, culture science g. advancemént of human rights h. advancement of environrnenlal prolecbon or improvement i. rglEf of thos8 in need through e, ill health and disability j. advancement of animal welfare. The charity 1$ organlsed so that the tru$tee$ meet regularly to manage rts affalrs. Full time adffllnislralion of the Trust Is v8$ted wth Glllespb, Gifford & Brown LLP, Solicitor R•vlow of •ctlvltl•• and futur• d0Pm0ntr The income and expendilure lor the year is Sel out in the Re(xipts and Paymonls AGcounl. Trg arg no Inlend&J chang8s lo the way Ihe Trust acts In tho foresaoable fulute. Inve$tmont poll¢y Under the Tru31 Deed the ITuslees are nol limiled on the partleu18f lypeg of non4ash inveslmenl that may be made. The trustees have consldered the most appropriate policy for investing lunds arg 5atlsfled wlh the t¥esenl porilolio. Re8em• The present level (rf lunding is adequate to support the conllnu8lion of lh8 charftable actlvities to prwnl levels and trustees con8lder Ihe financial posrtion of Ihe ¢hadty 10 be Saiisfaclory. TrustO88 The Truste83 listed on page one seNod throughout the year undw review except where 8Ffled drfferently. They did not receive any muneration or benefits during the year. Rgcrultment and appolnknent of trusts•s The management commhtee has the power to 8ppolnt &JditrJnal truslo&$ 8$ tt cKJnSkIe fit lo do 80. Rlsk management The irustees actively revi the major risks whth the charity fxes a regular ba&s and believe that malntaining Te5erves at currenl lS wlll prOe surrIcThI resou5 in the event of th8rs8 condilions. The truslefjs have also examined other operalional and blnesS th lawl by the charity aTrJ confimi they have established systems lo mi11gate the signfficanl iisks. 4 March 2025 and s*JwJ on Ih8ff behaff by., Page 2
The W8therdl FourKl8tM)n Twst Rewt of the Indopend•nt examlner To thè m¢mbeJs of The W•ath•ralt Foundation Trust I report on the accounts of Ihe chaY forthe ye&r ended 30" June 2024 which are set on pages 4 to 10. Rosp•¢ti¥ rn3ponslblllti¥s ol trustees and gxamlner The charity's trustee$ are responsible for Ihe pieparal)n of the accounls in aecordanee w5th the teTm$ of the Charities and Tiuslee Inveslment (S¢tlar Act 2(N)S and the Charities A¢eounts {Scodand) R8gulalM8 2CQ& The chanty tfuslees consider that the audit requirerrent of ReGulaUon 1011)1814c) of the Ac£ounts Regulatigns dces not apply. 11 L8 my respon8ibTrllty lo examine the CoUnts as requlred undor section 44{1)Ic) of the Act and lo Slatè whether partkuiar rnattfj haNp ccme to my attenllon. Ba•h ¢f Ind0Pdent examlnorfs statem•nt My examinaUon is carried out In accordance 4vlth RgguJath)n 11 of tha Ch8rilh?s Accounts IScoll8nd) Rogu&lion$ 2006. An examination includes a rgvw of Ihe acyxiunting record8 kept by the charity Hnd comparison of the accounts presentad wilh Iho8e recoid8. It also indudes consideration cl ony unusual ilemi or dis¢106ures in the accounts. 8ncl seeks expl8n8tion$ from trustees concerning any such matters. Th procedur85 undertaken do not piovide 811 lh8 eMdenc• that would be required in an audil, ond CC¥nsequentty I do not expreJ8 8n audit oplOn on the giwen by the axounts. Indep•ndent examln•rb •tstem•nl In the cour88 crf my examinalw. no maller ha8 ¢>Jme to my 8ttgnt1l, 1. whth glv•8 me reasoneble cause to beTheve that in m#leri•l resp•rt the rgquirements,. - to ke8p accounling records In accordane• llh S•ct[C 44 {111819lth9 2005 Act Regulation 4 oftho 2006 AccoLsnts Regulattons. and - lo prepa accounts whKh attord wilh tho accounling recon18 and cCffl wlth R•JulatwJn 9 of the 2006 Accrjunts Regulation8 Have not been mel, or 2. 10 whlch, in my OpInn. 8tlenlw)n ¥hould be drnwn in order to enable a proper und¢rJtandlng of th• accounts rairies, & MGVeail Dumfri8 Enierpri5e Pafk Hohhall Dumfnes l)G1 3SJ 4 March 2025 Page 3
The Weatherall F(MNKlation Twst Roc•lpts & Payments A¢¢ount lor th• yoar ond•d 31Xh June 2024 Unrestrlcted Funds 2024 2023 Recelved Divid8nds received Interest received Foreign Exchange Gain 153,622 8,507 147,175 1,001 Total rncelpts 148,1 Payments t)on8lion8 Admlnlstrallon Forelgn ExGhange L08S 54.450 234,750 12.536 2,779 Total payments 47.29 8u¥plu81 {D•fl¢ltl for year 103,932 -99.117 Fund balances brought f0ThId at 1* July 213,836 312,953 Fund balances carrled forward at June £317,768 £213,836 Page 4
The Weatherall FouTrJab"on Trust Ust of Balances as at June 2024 2024 2023 Inv•stsnents £2,421,420 £3,418.416 Cash At bAnk Opening balanGes SurplusllDeficrtl for ypar 213.836 103.932 312,953 -99,117 Ck6kng bal8rtL Uabllltl•s £14.400 £7,200 Fund$: Unreslrioted fund8 £317.768 £213,836 ned on their behaw ty: TnJ8iee P5
The Weatherall FourKlalion Trust Nots$ foming part of the financial statements for tho year ended W JU 2024 1 Accountlng Pollclès Basis of proparatlon The financiaj slalements have been prepared under the h¢storical st wnvention and on a receipts and payments basis. 2 Invgstments 2024 2023 rdin 84,OCK) Ordinary Shares 2.350,877.05 3.350,065.5S 10.000 Ordinary Share5 of 25p 27,698.C(I 27,628.00 2,000 Ordlnary Shares of 25p 3,000 Ordinary Shargs of 25p 42,845. 40,722.50 2.421,420.05 3.418,416.05 In a¢¢ordan¢e wlth the Charttie$ SORP {FRS 102).A¢untin9 and Reporting by Charilies: ststement of Recommended Practic8 applicable to charities preparing their accounts in accordance with the Fin8ncial Reporting Slandard applicable in the UK and Republlc of Irel8nd IFRS 1021 leffectlve 1 January 2015),. Inve$lments affj Carni al market value. 3 Cash at bank 2024 2023 Royal Bank of Scotland HSBC-GBP-"474 HSBC- GBP-'673 HSBC- USD 4.406.78 30,456.00 .00 184,143.25 136.63 314.061.54 199.75 318,668.0 214, 4 Credltorn: amounts falllng du• wlthln on• yvr 2024 2023 GIlsPIe. Gifford & Brown LLP Fees FarrBs, Kirk & Mcvean Fees 12,oC.{)O 2.4¢J).00 6,000.00 1,200.00 14,400. 7,200.00 Unrestricted Funds 2024 2023 General furMI 317.768.33 213.835.93 317.768.33 213,835.93 Page 6
The Weatherdll Foundation Trust Receipts forthe year ended 30th JU. 2024 2024 11110123 Dbvidend on 84.000 Shares 23105124 Dividend on 84,0(K) shares 41,197.81 108.986.43 150.184.24 nedin In h In 29108123 Dividend on 10,000 shares 24111123 Dividend on 10.000 sharos 01103124 Dividend on 10,000 shares 31105124 Dividend on 10,10 shares 320.00 320.00 320.00 415.00 1,375.00 20109123 Dlvidend on 3.000 shar6s 20109123 Divid$nd on 2.000 shares 22112r23 Dividend on 3.000 ¥hare3 22112123 Dividend on 2.000 share8 15103124 DivSdend on 3.000 shores 15103124 Dlvldend on 2,000 shares 17106124 Dividend on 3,000 share8 17106124 D4vidénd on 2.01)0 shaffts 382.50 255.00 285.00 190.00 285.00 190.00 285.00 190.00 2,062.50 29109123 RBS Accounl 30109123 HSBC GBP Accounl S21073 30109123 HSBC USD Account 809012-0001 31112123 HSBC GBP AGcount 62100673 31112123 HSBC USD Account 809012Ql 28103124 RBS Accounl 31103124 HSBC GBP Account 82100673 31103124 HS8C USD Acc(nt 809012r1 30106124 HSBC G8P Aco)unt 62100673 30106r24 HSBC USD ACcnt 809012-OCK11 26.30 1.813.88 1.43 1,923.35 194.44 50.98 2.012.83 1.98 2.480.17 8.507.16 £162.128.90 Page 7
The Wealhernll Foundation Tntst R•c•lpts for the year ended 30th June. 2023 2023 IAath 16109122 Direct Credit 12110122 Dividend on 84.000 shar8S 10105123 Dlvtdend on 84.000 thares 1.244.87 37.069.73 1(.050.58 144,365.18 In 01112122 Dividend on 10,000 shares 27102123 Dtvidend on 10.000 $har88 05108123 Dlvidend on 10,000 shwes 31XJ.00 300.00 410.00 1,010.00 16109122 Dividend on 3,000 Shares 16109122 Dividend on 2,000 shares 20112122 Dividend on 3,000 shares 20112r22 Dividend on 2,(w)O sharns 20103123 Dividend on 3.000 sharos 20103123 Dlvidend on 2,000 shares 19106123 Dlvidend on 3,000 share8 19106123 DSvtden(l on 2.000 shares 337.50 225.00 247.50 165.00 247.50 165.00 247.50 165.00 1,800.00 30112122 HSBC USD A(xounl 809012)1 31103123 HSBC USO Account 809012-Crf)01 30106123 HSBC USD Account 809012-(K101 30106123 HSBC GBP Account 6210C673 141.04 7.11 1.25 857.67 1.001.07 £148,176.25 Page 8
The Weathern]l Fwtthion Tn J24 03107123 TheVmTw8t OM17123 AbsoKJb CsKs 05107Q3 Jack The Lad FouTrJat 17107Q3 mac1 Corter Sutvxt 27107123 Beats Cancer Cb8rty 1510W23 The Gathn F¢xmdthi 2W09123 Ukrwnt- stopped 2WW23 Th¢ G(¥ Lfe 5.C)O.LKs 3.LX)O.00 1.c.00 1.IY)O.IKS 05110123 DEln Owdo• Lld 05110r23 7h• CfKhtcn 05110r23 vlon & b•rt Mu¥ew 05110rxJ Allm¥s¢9d 05110123 Her1•¥ Ltd 09110123 Young LN•5Vo 10110123 cl 1W10rk3 Bord•r• Fryell Tnmt 05112Q3 P•thYi¥w'• Iw•knnd 112rxJ New Athnlur•¥ Chwty 05112123 Roy•l Tnth HrwK• 2effj2RI Klrkr&kdbr¥hl 2(m Ltrj 04103Q4 StAndrwn Prim•ry S¢lK 19103124 Crfehlon Four¢•tn-810pF0d N(R•Md 19102124 Cthhlon F¢ur•kn-P•wMd 22103124 Hopfvl 27103124 Jwr•' Pt•¢• 2.CQO.00 2.lY)O. 2.C¥)O.LYI 2.rm.c i.rJJ. 2.rKrtJ.C41 S,[.C S,c#x).riJ S.[].(¥] o.r>).LJ 2.rxi.c•J 1.rthi.c•) 1.rthi.c•J 17104124 McmilHn C¥w 8uFWt 20105rd4 AbE01 ¢l•••k• 271c4 SlYk 2.5(X). 54,450.00 LSE- Entty Id¢rfrfw Ip• 30105124 ¢h*p¢l Lw ArIn Chw 854.17 988.17 2.778.53 Page 9
Payfflgrrts Wortyear8nd¢d Jolh ZWIJ 2023 07122 12108122 ith CatLment Fv4hwy Tnmt Lakg Drslricl Cahfrt T IWD8122 Soill H08PI(• 121D6122 SI Mhael5 Chtsreh 12106122 Bèrea4ment Tiust 31ILIO112 Crrhton Eate 05109122 Chhdk FoubKI (IW09122 Ab8LYul• CIwe8 07109122 Durnfr5 ChTMlm01 Fw 2W09122 Fyefy Irrt•rnalkn41 IW10122 Outwthrtj orio¥• lUOCiI 24110122 Ch•rf W4¢r Twt 27110122 FuiL•rton The¥lre 2W11122 Nfiiv)nil TnJ•t 23111122 NN)nal G8lbry Tnt 1W12122 IrWDdonc• Irom Drup Scoiknd OW01123 Chtl$o1 Okj Chwth PCC 3¢Y01123 Catthmenl F55hwy Tn1 07102123 OW02Q3 27102Q3 2PJ02123 041tM123 PapyN> 290412) S•rn4rlt¥mi 25ff04f23 A&hvimor8 So¢Y4ty 25I04Q3 MMilan CanctrSuFWI 214r23 car•1 UK 17105123 Crth Found•ti 17105123 Oe8lqn Llm 14106Q3 14106123 14108123 The Ha T*t 15.000.C¥I zeoo. 5.000.f ZSOO.LWJ 1.000.C 144.QOO C 1.SOD.IX 2.500 0 750.C S.QOO. 1.000.C $00. 5.000. 9.100. 900. 5 000.C 1.000.tr) 7.500.Tr) SQO.Cé) s.0.(1 2.000.C 600.C¢J 1.800.DJ soo. 6¢0.vJ s00.cbj S00.C soo.c S.0.C•) 3WO.C 3.c0.(M) 2.500.C() Firelly- Appe M•w8'6 Centré 234.750.00 28107122 27fts7122 2Y08ft2 ¢lltlord 8 LLP_Fe• VAT Law Aceountanl es, rk & M¢Vean- Fee VAT LSI- Legal Eroty Id•trf l•• 17103123 Gill-sle. Crflord & LLP-F•• p&¥• VAT 23103kJ Ltsw Atn1•nI H58C B8nk Ch•rg•• ¢£1451.68 rtlurrfl £1.$47 101 6,024.ly) 186.fK) 1.200.IXI 78.IX) s.0.0) 133.BD -95.42 ar 12.S36.38 £247.293.18 Page 10