LEVEN NURSING A550CIATION Forth House Forth Street Leven Fife KY8 4PW RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Scottish Charlty Number: SC007640
Leven Nursing Asso¢iation Trustees. Report and Accounts for the year ended 31 August 2025 Principal Office Bearers Chairperson- lain Nicolson Cruick5hank Iresigned 22 October 20241 Secretarynreasurer- David Gordon Wood Scottish Charity Number: 5C007640. Independent Examiner Colin Mcculloch F.C.C.A Paterson Boyd & Co Chartered Certified Accountants 8 Mitchell Street LEVEN, Fife, KY8 4HJ Bankers Bank of Scotland plc High Street Leven Fife KY8 4NA Structure, Governance and Management Leven Nursing Associatlon is administered in accordance with the terms of the Deed of Constitution. Recruitmenl and Appolntment of Trustees The Office Bearers and Members of the Cornmittee are the charity tru5tee5. Chairperson - lain Nicolson Cruickshank Ito 22 Ottober 20241 Secretarynreasurer- David Gordon Wood Remainlng Trustees.. Marion Clacken, Dr Robert D. Keir, Dr. Fiona Mauritzen, Lynn Morris Organisational Stw¢ture The Trust was set up by the Court of Session, Scotland and was recognised as a Scottish Charity with effect from 26, March, 1952. The Trust is administered in accordance with the terms of the Trust Deed. The Trustees are the elected successors of those appointed on the establishment of the trust and represent the mlnimum number required. Appointment and removal is in accordance with the TTUSt Deed which requires that appointment is approved by unanimous agreement of the existing trustees and removal of any trustee by the unanimous agreement of the others.
Leven Nursing Association Trustees, Report and Accounts for the year ended 31 August 2025 Objectives and Activities The objectives of the charity are as follows- Our purposes, as recorded in our constitution, are- To do all such acts and things having a5 their purpose and objects the care of the sick and infirm and the general promotion of health seThices in the local area as per our constitution. Achievements and Performance During the year the charity's ability to hold meetings and consider payin8 Out grants was impacted by the knock-on effects of Covid-19, from both a safety Standpoint and the risk of diverting front-line care staff from their priority roles in tackling issues arising from the pandemic. As a restjlt, no grant5 were made to assist local groups working to provide medical care and promote health and well-beSng for the wider local community in the current year. Flnancl31 Review The Association enjoyed a surplus in the year of £1,19912024'. £3,367), as detailed in the receipts and payments account on the followinE pages. The Association's investment portfolio is inclyded in the statement of assets at its cost of £95,919 and had a market value at the year-end date of £110.03112024.' 106,0771 includir)g funds held on deposit. Expenditure of the Association in the year related primarily to investment management fees and compliance costs. The charity holds funds which have been gifted over many years. Distribution of funds is made mainly from income generated, as per applications for grants received from the local community and approved by the Committee. Statement of Trustees, Responslblllties The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at anv time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotlandl Regulation$ 2006. They are responsible for safeguarding the assets of the chèrity and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Approved by the ustees an ned on their behalf. Committee Member Date 28 May 2026
Independent Examlner's Report To the Trustees of Leven Nursing A559Clation For the year ended 31 August 2025 I report on the accounts of the charity for the year ended 31 August 2025 which are set out on the following paees. Respertive responsibilities of trustees and examlner The charlty's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Account5 (Scotlandl Regulations 2(D6. The charity trustees consider that the audit requirement of Regulation 10111 Idl of the Accounts Regulations does not apply. It Is my responsibility to exarnine the accounts as required under section 44111 Icl of the Act and io slate whether particular matters have come to my attention. Basis of independent examinerfs statement My examin3tion is carried out in accordan with Regulation 11 of the Charities Accounts Iscotlandl Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those record5. It also includes consideration of any unusual Items or disc105ures 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 consequenlly I do not express an audit opinlon on the view given by the accounts. Independent examinerfs statement In the course of my examination, no matter has come to my attention which glves me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44111 lal 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 9 of the 2006 Accounts Regulations have not been met, or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Colin Mcculloch F.C.C.A Pater50n Boyd & Co Chartered Certified Accountants 8 Mitchell Street LEVEN Fife KY8 4HJ Date 28 May 2026
Leven NSIn¥AsS0¢4af1Drt Receipt$ and Payme*)ts A¢¢ount as at al Augu512025 2025 IOZ4 Notes Dividends <eceived 2,788 1629 Exces5 rÈportableincome Bank interest Profit 531eof Investments 21 20 1,502 28 3.438 4,831 6,099 men Donation5 paid out Investment management fees 1,200 L.2( Adveriising AdjuStmÈnt portfolio lequallsati¢nl Accrued interest paid Professional fees Iprovisionl IndepEndent examinels fee Iprov.I 38 54 1.200 32 1,2(M) 3(Q 3.132 2,732 Surplus for the year Openlngfunds as at I September 1.199 107.334 3.368 103,967 Closlng funds as at31 Au8USt 108.533 107,334 Re res l•v&stments as atpre¥iou$31Au{u5t MDvernent In year 95,627 292 93.330 2,297 95,919 12,614 95.627 11,707 Cash at bank 108,533 107.334 Apwoved by the boardof trustees and signed on their behalf by'.- Dzle 28 May2026 Davld GorLIDD Wood SetiètarylTreasur¢r
Leven Nursln8 A5soclatiDn Note i. fiÈtGgin on Sale of In¥e5tments 2025 ZOZ4 1,677 IPMORGAN FUNDICVCJPM Emfj MKTS INCC NETOIS 4.540 IPMORGAN FUNDICVCJPM US EQINCC2 GBP NET DI 981 TROJAN INV FDS fROJAN S OIS 2.955.73 AEGON AM UK ICVt5TERUNG COAP BDGBPOIS 3.465 LIONT5T INV FOS IC LIONTST MTHLY INC BO B GRS 203 BAILLIE GIFFE BGIAPANESES FDWI DIS 585 LIONTRUSTSUSFUT LIONTSTSUSTFUTR GBLWH Z 2419.375 BAILLIEGIFF OSEAS 8G AMERIC4N FUNDWI DIS 458 PREMIER MifoN 200 ABERFORTH 19 VANGUARD 21 ROBECO 1,672.94 FRANKLIN TEMPLETON 670 MERCANTILE INV 30 ISHARES METAL5 128 HS8CSEiIICONDUCTOR 152 3,373 4G 27S 834 232 231 1,119 765 319 90 448 542 27 1,502 3,439
ieven Nursln8Association Total 2025 Total 2024 Nute 2. Divldends Re[ed 2W ABERFORTH SMALLER COMPANIESTRUST OR0GB.01 0 I2955.721%1 AEGON AM UK I¢VC STERLING CORP eDGBP DIS 012101 AEGOTrIJ155T Mfji IblWtSHOgT DATED HI YLDGtLBDC 01249.4751 BAILUEG1FFOSEBG AMERICAN FUND WI DIS OIJJ3I BAlLUEGlFFEASBGJAPAEsÉs FDWI DIS 801 8WKROCK FUND MANAGE LTD èLACKROCKeoNllNEPtrALEVROPE 1893.7429 8NYMELLON If4vEStMENT FUNDS BNY MELLON AS5AN INCOME FUIID U 012423.2191 BNY MELLON INV FD5 Bhlym GBL DYN BD NWT INST 3 389.7391 BROVWN ADVISORYFUNDS g8OWN ADVISoRYi SUSTGTH Sl GèP rxs 013F.571 COLUMBIA ThPEAD INVFDS IUKI ICVCCT UK EQblPf INUOME Z G5P D15 99515241 FIDEUTY UtIT5 ICAVUSQUALifi INCOME UCITS EtF INC USD 1,581 FIDEUf(INVESTMENT FUNDS FIOEuf(INDEXJAPAN FUND P OIS 015021 FIN58]JRY G&ITSTOROG6PC.25 1,672.94 FR&NKUNIEMPLETON FVNUSFIF CLEARBRIDGEGBLINFRSTRINCSGBP 1.853 1CL INFRASTRucfuRE PLCORDGèPOnMI 9S3.42 INVESCO FAR EASTERN INVESTMENTS INVEsCO1AN UK DOIS 63914101 ISHARES11 PLCVSDT1PSUCITS ETF GBP DISHEDGED 447 15HARE5V PLCMSCI WOALO ENERGYSECTOR ETF USD DIS Efp 0116771 JPMORGAN FUI4D ICVCJPM EM6 MKfs INCC NET 014S4C.28SI IPMORGAN FVND ICVCIPM US EQINC¢2 G8P NDI 01.85, LIONTRUSTSUS FUTUONTSTSUSTFufR G8LGTH 2 0134fjSI LIQNFSTINV FDS IC LIONIST MThLY INC BO B GRS 670 MEftcANLE INVESTMENT TST PLcifHEI QRDG8PO.025 458 PREMIER MITON INVESTMEtrIT FUND5 3 PREMIER MIIQN EUROPEAN OPPS gACC 27 481161 RDBECO CAPITALGROWTH FUNDS SICAV RoeECa fjIOBAI CREDI 18H ( 218.82 1173 RLUM UMITEDROVALLONOON SIJM LEADER5TRUSTD5 110.81 015QI 55GA SPOA Efps E 15P?8 S&PU5 DIVARisfocRP.TS 1070 IFSL EVENLOOE INVESThIENT FUNDS ICWC1FSL EVEfiLODE GLOBALINCO 1.836,73 ¥850 IFSL EV£NLODEINVÈ4TMENT FUNDS ICVCIFSLEVENLODE INCOME FUN SCOThSH MORTfjAfjE 2,IU&IHE AENEWA8LES INFRASTRUCTUAEGRPORO NPV 415 TA PROPERTI INVESTMENTTRUSTOROGB?O.ZS 0112251 TRrrAX 8IGBOX REIORDG8PO.QI 0198kl TROJAM INVFDS TROJAN S OIS 31 TWENfiFOUR INVESTMENT FUNDSCORPORATE BONDI G8PDIS 1.665 UKGILf4.5% 1,902 UKGILT 4.75% 194113?) VANfjUARDFUNOS PLC5&P 5uC1T$ ETF USO DIS 152 VANGUARD FUNDS PLC FtSE IODUCITSETF GBP DIS 27461141 VANGUARD INVESTMENT SERIES PLCUK Go BOND INDEX INSTLPLU51 44 VANGUARO INVESTMEPtr SERIES PLC VANGUARO U S GOVT80ND IDXGI IO26 WSAUFFEA MANAGED FUNDS AUFFER DIVFRSIFIEDRETURN I DIS 102.30 68.22 210.64 134.60 51.23 126.31 145.82 62.67 134.03 25.45 31.01 152.86 64.49 83.91 152.88 54.68 l(Y).25 81.79 19.18 139.75 79.71 82.64 83.68 51.60 2.26 154.08 114.30 20.10 79.44 144.(M) 11.30 197.74 65.99 68.82 138.70 152.73 65.16 134.89 37.46 45.17 180.05 214.98 111.23 136.34 14.74 120.62 149.07 208.87 90.21 124.98 10.82 2,704.SI 83.73 2,628.77 crued dividend5 Exce55 reportable income Intere5t.' Brewin Dolphin Dep05fi Toial Incomtr from investments 21.00 20.45 2.829.79 4.48 27.77 2.661 02
Levets Nursing As50clatlon Totsi 2025 Total Ple 3. Gt8nts/ Donatlons Airlie Medical Centre Arden House Leven Fr]endlyClrdÈ leven Health Centre Leven Women'5 Group MyBu5 CT Robert Gou8h Cenire Total 20 Ntste 4. Expen5e5 Pald AGM Advert151n8- Easi Flfe Mall brewin Dolphin-Portfolio Mana£Ement Fee Legal Eniity Identifier IIEII charge Aljjusiment on portfolio lequaliSatiDnl 4T & DCWallace- Profesiional Fee5 Iprov15ionl Independent Examlnerf5 FEe12025 prowsionl Independent Examiner'5 Fee12024 Underpro$10] L.2(M) L200 38 1,200 320 320 32 1.2 3,078 2,732
Lè¥ NurslngAssodèt5on Note 5. Investments as at31AuBUSt 2025 200 ABERF08TH5MALiERCOMPANIÉSTrU5TOFD G8PO.01 1.8$3 HICLINFR45TRUCTURÉPLC DRDG8POnOQI 670 X4ERCAP4TIL£ IN¥EsfMENTTSTPLcrrHEI ORDG8PO.0IS 415 TR PfiOPERTY INVEsfMENTThUSTOADG8PO.2S L979 3,337 1.089 1,872 3.337 1,872 cer5e$ InvestsMentFtsAds 01249.3791 BAILUEGIFF OSEAS ÈGAMEBICAN FVNO WID 012031 BAILiIE GIFF 05EA5 86A4PAWE5E5*tr W1015 389.1391 BROWNAOVISOAYFUNDSSROWNADVISORY USSU5TGTHgGbP D 99515241 FIDEL1 UCITS ICAVU5QUALITYINCOME UCIT5 EfF INC USD 63914101 ISHARES11 PiCU50 TIPS U11 ETFGBPDISHEOGED 447 15HARESVPLC MSCI WORLD ENERGYsÉ¢foR ETF USD D15 ETP 74 4g4 HREspYsFCAlMÉrAlsplC 15HAAESPHYSICALGOLD FfcusD IGbPI. 458 PREMIERMITON INVESThIENT FUM0S3PREMIERMITONEUROPÉANOPP$6ACC 27 48:-16,' R08ECOCAPITALGROWTH FUNDSSICAV 0BECo GLOBALCREDITS IBAI 2,ID6 TERNEwA&L£sINfRASTRUCTUE GRP OftDNPV 31 TWEP¥FYFOURINVEgfMEWFUND5CORPORATE BONII I GBP015 19411331 VAf4GUARD FUN05 PLCS&P 500UCITS FfFU5D E)15 194 VANGUARD FUNOSgLCFf5E IW UCIT5ETFGBP OIS 27 451141 VANGUARDINVESTAIETr17SERIES PLCUKG(Y¥TBof4D INOExINsll PLUS( 44 VANGVNBDINVE5Th1ENT5ERIES PLC VANGUARO U 5GOVTBONDIDX G1 S.093 6.918 3.354 2.569 2.141 5,093 6.918 3.352 3.569 3.009 210 2.468 3.194 11,546 6,867 1629 4,165 4.462 2.468 3,194 5,264 4,478 4.162 UnitTnJsts 11955 73151 AEGONAM UKIQICSTERUNGCORP 8DGgPOIS 3,163 8iACKRQCKFUND MAfiiGER5 LTOBiACKR(KKCOTrfflNEPtrALWROPEAI 2.893.7420 BI4YMELLON IWESThIENTfUNDS BNYMELLOWASIAN If0PE FUND V 1.581 FIOEUTYINVESTMEKf FUNOS FlogL¢1NDEx1ApAN FUND P DIS I.S72.94 PRANKLINTEMPIETON FUND$F7FCLE4RBRIDGEGBLINFrRllIC$GYPD 128 HSBCÉTFSPLC NDAQGLoEALsEMI¢0NDvCroRvCITSEfFus 953A2 IIIIE5COFAREASIERN IP4VESThIENTSRSINVÉSCOASIAN UX DOIS 0116771 JPMORGAII FUND I(jp EMG MKf5 INCCNETOIS 014S402851 JPMOAGAN FUND IcVCm U5EQINCC2 Gtsp NET DI 015851 LIIJNTRUSTSVS FuriiorfftT5U5TFUTRG8LGTH 2 0134651 IlOt4TSTINV FOS 1¢ LlQbtrsTMThL¥INC BO BGRS 2.ln RLUNI UMITEO ftOYALLONDON 5USTIEADERSTRusfo DIS 258 SCOYfSH MORTGAGE INV TRUSIOkO6BPQ.05 Z.Q70 IF5LEVENiODÉItW&TPIENTFUND5 ICVC IFSLEVENLOOEGLCWLINCOh 1836.73 4850 IFSLEVENLoDEIt4VESTENyFUND5lc1CIFst EVENLODE INCOME FUND 019811 TRD]AN INVFD5TROJAI45 DIS 2,026 WS RUFFER DMN4GEDFuNDSv RUFFERD1vEIFIED REtURN I D 6,165 2.694 3,101 1,471 2.694 3.101 1,658 1.625 1,999 1,999 5.532 2,223 1445 3.976 5,532 2.223 2.44S 3,976 1,9f 1.960 1.5fj5 UKGILf4.5% 1.gQ2 UKGILT4.75% 25 xfRACKE 1.650 1,882 L666 93,953 94.881 Brewin DDlphin porttolb.. funds at crtOIt Indep053CCoTrt 523 223 163 Funds ftotrÈC@rwed byerewin Dolphin but included in iaxcertlftcate Movementinyear.. £95,918- £95.627x£291 9S.918 9S,627 FT& DcwèII3cÈ.. Clientsjvc I55£1,s2oprsnfOrfeeSj IL614 11,7DÈ 108.532 107,334