APPENDIX 1 oscr- Period 8tart date Month Perlod end date 01 To 31 Office of the Scottish Ch•rlty R•gulator Reference and administration details Charfty name Otr nam•s eharlty Is kn4Jwn colqulx1 Bequest for Incurrt)les R•glstor•d charlty numb•r Charws w1ncl1 •ddrw44 ' Clo Mller Beckett & Jack80n Solicitor4 ' Sl VIran1 Street SC007253 G*(y I PrJStMde G2 5SP Ilam¢4 of the charlty tru•t••s on dat• of approval of Tn18•$. AnThwl R¢port . Offlce111 any) Datss act If (or body) entlued to ' •ppolrt lrywtse Ilf•ny) Susan Anderson Tr%tee Trusts8 Tritstee Trustee 10 11 12 i 13 14 15 16. 17 18
APPENDIX 1 Reference and administration details Names ot all Qther ¢harfty trustee8 durfng th• p•rlod. If anyi Ilor oxamph. tho•• who resIgn part way through th• flnanclal porfod) 'Date4'acted li it for Ivhol• ymr _. Structure, governance and management TY of gov•mlng document i The Trust was CorttUted by Ihe Trust Disposition and Settlement and ! Codicl made by Ajexandar Colquhoun, dated 19 Novernber 1863 and 20 SeOember 1870 r88p8clivety arKd recorded In the Books of Coundl and | Session on 26 February 1873 Tntshe re¢Nltment and appoiMm•nt l The management of the Charlty ts the re$ponsSbilty of the Trustees who are elected and co-opied under the tern)s of the Trust Daed. Objectives and activities Charttabl• ', To make pA)me prov181on for tho rellèf of poor persons reslding in Glasgow, or Its Immedlate neighbourhood, purposas may either have been dismissed from the Glasgow Royal Infirmary or other Hospitals in Glasgow. or who are afflScled wilh Sncurable disease. and so destitute and helpless as to be proper objects of chaiity. Summary During th8 ygar tha Inc¢)me from investment8 kntalled £23,877 8n¢J don81ion8 lo the Trust lotalled £6,000 ofth• maln for usa in our Charitable activities. Evelyn Partnw6 act as Invastment Managers In respect of the share actlvltles portfolio and the rellim on Investments is in accordance wlth tho bènchmarks agreed by the TnJpAee8 In with them. The TTustee8 apply ihe funds of the chanty at th8ir discretion and in accordanGe with the relatlon Trust Purposes established under the Trust Disposlllon and Settlement. to thése objects The Trustees receive from Glasgow Care Foundatlon recomrnendations of benefKiaries who comply with Ihe Trust objectives. The beneflaneS are subjact to approval by ihe Trustees and If approved payments are rnade via Glasgow Care Foundation for the benefit of the beneficlaries.
APPENDIX 1 Achievements and performance Sumrnary of tho mlln achl•v•monts of | During th8 Financlal Year. £19.760 was paid to Gla$W Care Foundation i the charlty durlng the flnanclal p•rlod for dthbutson among Incurabla Beneficlarles. Financial review Brf•f stsl•m•nt of th• dMrlty'• pollcy l Tha Charlty ha$ no gignificant wecurring experKliture, othor than paynients I on rn8•rv , to boneficAari88, vthiGh are 8t the discretion of the Board of Trustaes. , Accordingly, the current level of reserves is considered by tha Board to be ' sufficbnt for the puwes of the Chlty. Detalh of any d•flcft Donatsd facllltl•s and s•rvlcM any) Nono
APPENDIX 1 Other optional information Declaration The Irusl•e• d•clar• that th•y hav• approv•d th• trusl••s' report abo. Slgn•d on b•half of tho charlty¥ trust•os Slgnatur•(8) Full n•M(s) P1110 (•.g. Chalr) 5
CHARITY NO. SC007253 COL UHOUN BE UEST FUND FOR tNCURABLES Accounts for thc ear ended 3 1st March 2025 M]LLER BECKETT & JACKSON LTD SOLICITORS GLASGOW
COL UHOUN BE UEST FUND FOR INCURABLES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Th¢ Trust¢es present their report with the Accounts of the charity for the year ended 3 Ist March 2025. The Accounts have been prepared in accordance with the ternis of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. Constitution The Trust was constituted by the Trust Disposition and Settlement and Codicil made by Alexandcr Colquhoun dated 19 November 1863 and 20 September 1870 rcspectively and recorded in thc Books of Council and Scssion on 26 Febnwy 1873 under which the Trustccs were granted the following powers:_ To make some provision for the relief of poor persons residing in Glasgow, OT its imm¢diate ncighbourhoo& who may either have bccn dismisscd from the Glasgow Royal Infirn]ary 01 other Hospitals in Glasgow, or who are afflicted with incurablc disease, and so destitut¢ and helpless as to be prop¢r obJts of charity. Trustees who may be Office Bearers in or otherwise cormected with any of the Institutions. Societies, funds or purposes bwcfiting. shall nevertheless have all the privileges of gratuitous Trustces. Following registration of a Deed of Amendm¢nt on 10th May 2019 the TnJste¢s now hav¢ power to utilise capital in circumstances where it is felt necessary, but always in a mat)ner that is consistent with the spirit of the original pury)oses, therefore the Trustees have agr¢ed that expenses arising in the nnagement of the Trust arc assigned to both Capital and IncoTne Donation Makin Poli¢ The Trustees apply the funds of the charity at their discretion and in accordance with the Trust Purposes established under the Trust Disposition and S¢ttlemenL The Trustces receive from Glasgow Care Foundation recornmendations of beneficiaries who comply with the Trust objectives. The beneficiaries are subject to approval by the Trustees and if approved payments are nde via Glasgow Care Foundation for th¢ benefit of the beneficiaries. Plans for the Future The Trustees plan to follow the policy of making distributions to Glasgow ca Foundation for Incutable B¢nefi¢iaries.
COL UHOUN BE UEST FUND FOR NCURABLES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Financial Re ort The Accumulated Revenue at the beginning of the year amount¢d to £15,698 to which was added incomc of £29.877 and from which was deducted payments of £3,447 leaving a balancc of £42,128 from which charitable donations of £19,760 were paid out as detailcd in Note 6 to the Accounts. leaving a balance of £22,368 Risk Mana Jement Th¢ Trustees of the Charity are aware of the risks the Charity faces and consider that adequate procedur¢s arc in pla¢¢ for dealing with risk assessment, particularly in relation to th¢ manag¢ment and control of the Trust Funds. All procedurcs arc periodically reviewed to ensurc that they still mect the needs of the Charity. Reserves Polic As the Charity has no rccurring expenditur¢ the Board of Trustees consider the current level of rcscrves to be sufficient Trustee Recruitment and A The management of thc Charity is the responsibility of the Trustees who are elected and co-opted under the tem]s of the Trust Deed. ointment Investment Polic The Trustees havc th¢ power to invest in securitÉes by the Charities and TnJst¢e Invcstment (Scotland) Act 2005 and as set out in the Constitution. The investment policy. which is reviewed by the Truste¢s from time to time is aimed at maintaining the real valu¢ of the Trust funds over a period of years and thereby providing a reasonable level of incom¢ for charitable donations.
COL UHOUN BE UEST FUND FOR INCURABLES REPORT OF THE TRUSTEES FOR IHE YEARENDED 31ST MARCH 2025 R¢feren & Administrative Details Charity No . Principal Address '. SC007253 Millcr Beckett & Jackson Ltd 190 St Vincent Street Glasgow, G2 5SP Trustees [ndendent Examiner F M Russell McLay. McAlister & McGiblx)n LLP 145 St. Vincent Street Glasgow, G2 5JF Investment Advisors Eve1 Partners 177 Bothwell Strcet Glasgow . G2 7ER IF I, IJ5 Date Registered offi.. 190 St Vin¢¢nt StreA Glasgow G2 5SP
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COL UHOUN BE UEST FUND FOR TrICURABLES I report on th¢ attounts of the charity for the year ended 3 1st March 2025 which are set out on pages 5 to9. Respective rL8ponsibilitie8 of trustees and examiner The Gharity's trustees ar¢ responsible for the preparation of ihe Accounts in accordancc with thc ternis of the Charitics and Trust¢¢ Investment (Scotland) Act 2005 and the Charitics Accounts (Scotland) Regulations 2006. The charity irustees consider that thc audit requirement of Regulation 10(I)(d) of the Accounts Regulations does not apply. It is my responsibility to exainine th¢ Accounts as required under Scction 44{1)(c) of the Act and to state whether particular matters have come to my altenlion. Basis of independent examinerfs statement My examination is &qrried out in accordance with Regulation I l of the Charities Accounts (Scotland) Regulations 2006. An examination Ancludes a review of the accounting records kcpt by thc charity and a comparibon of th¢ accounts pr¢s¢nt¢d with those rordS. It also includes consideration of any unusual items or disclosures in the accounts and sceks explanations from the ITUStees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requircd in an audit an<£ consequently, I do not expr¢&s an audit opinioTh on the Accounts. Independent examiner s statement tn the course of rny examination, no matter has com¢ to my attcntion l. which giv¢s me reasonable cause to believe that in any matcrial rcspect th¢ qUIrements :_ ' to kecp accounting records in accordance with Section 44(1)(a) of the Charities and Twstee Investmcnt (Scotland) Act 2005 and Regulation 4 of th¢ Charitics Accounts (Scotland) Regulations 2006, and * to prepare acLX)unts which accord with the accounting records and comply with Regulation 9 of the Charitics Accounts (S¢otland) Rcgulations 2006 have not been meL or 2. to whiGh, in my opinion, attention should be drawn in order lo enable a proper understanding ChartCTed Accountsiil M¢Lay, McAlister & McGibbon LLP 145 St Vincent Street Glasgow G2 5JF Date 11
COL UHOUN BE UEST FUND FOR INCURABLES RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025 Unrestrioted Revenue Fund Unrestricted Endowment 2025 Total 2024 Total Notes Recei HMRC Refund Investment Income Donations 23.877 6,000 29.877 23,877 6,000 29,877 280,064 309,941 24,557 1,000 25,557 97.282 122,839 R¢c¢ipts from sal¢ of investments Tolal Recei 280.064 280.064 29.877 Governanc¢ cxpcnses Direct Charitable Expcndituie 3.447 19.760 23,207 14,365 17,812 19,760 37,572 273,413 310.985 17.967 42,880 60,847 162,343 223,190 14,365 273.413 287,778 Payments for purchase of investments Total Pa Inents 23,207 lusl eficit for 6,670 (7,714) £ (1,044) '£ (100.351)
COL UHOUN BE UEST FUND FOR INCURABLES STATEMENT OF BALANCES AS AT 31ST MARCH 202 Note 2025 2024 BANK AND CASH IN HAND At start of year Sur lusl ricit 32,252 132,603 (100,35l) for 31.208 31.208 £ 32,252 FUNDS Unrestricted Endowment Fund Unrestricted Revenue Fund 8.840 £ 16,554 15.698 32,252 31,208 £ ESTMENTS Market valu¢ of Investments £ 1,118,946 £ 1,094,296 The A¢counts were approved by the Trustees on l(0 /( ?12025 and are signed on their behalf by:
COL UHOUN BE UEST FUND FOR INCURABLES NOTES TO THE ACCOUNTS FOR IIIE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICtES a) Accountin Convention The accounts bavc been prepared on the Receipts and Payments basis and in a¢cordance with Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). b) Nature and Pu ose of Funds Unrestricted funds are those that may be used at the discretlon of the trustees in furtherance ofthe objects of the charity. Restricted funds may only be used for specific purposes. Restrictions arisc whcn specified by th¢ donor or when funds are raised for specific purposes. c) Invcstmcnt Income Investment Income is included in the Receipts and Payments Account when received. GOVERNANCE EXPENSES 2025 2024 Factorial Fees and Expenses Accountants, Fees Stockbrokers Charges and Expenses Total 9,606 £ 1,374 6,832 17,812 £ 10,376 1,308 6,283 17,967
COL UHOUN BE UEST FUND FOR INCURABLES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 tNVESTMENTS 2025 2024 Listcd Stocks and Shares 828,684 £ 752,940 The market value of the investments at 31 st March 2025 was £1,118,946 (2024 - £1,094.296). Movement in Car 2025 2024 At cost Investments at start of year Additions in year Transfers in period Other adjusttnents Less . Disposals in year Invcstmcnts at end of year 752,940 £ 273,413 699,138 162,343 197 669 828,684 £ 108 541 752,940 Proceeds of sale of investments Less . Cost Gain/(Loss) on s8le of investments 280,064 £ 97,282 197 669 108 541 82.395 £ (11,259) BANK AND CASH tN HAND 2025 2024 Cash in Building Society/Factor's Current Account Held by Brokers 20,594 £ 23.606 31,208 £ 32,252
COL UHOUN BE ST FUND FOR INCURABLES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 RECONCILIATION ANALYSIS OF MOVEMENTS ON THE FUNDS UnStrICted Revenu¢ Fund Unrestricted Endowment Fund 2025 Totsi 2024 Total Opening fund value 15,698 16,554 32,252 132,603 Surplus / (Deficit) for year from Receipts and payments Closing fund valu¢ 6.670 £ 22.368 (7,714) 8.840 (1,044) 31,208 £ (100,351) 32,252 DIRECT CHAIUTABLE EXPENDITURE During the year £19,760 {2024 - £42,880) was paid to Glasgow Care Foundation as agents for the Trustees for distribution among Jncurable Bcneficiaries. The numbcr of beneficiaries on the roll at 31 st March 2025 was 42 (2024-46).