2024-12-31-accounts

REcisfERED CHA￿Ty f4UMBEK. Sc￿8790 REPORT OF THE TRUSFEFS AND FOR TEtE YEARENDED 5 APRIL1024 FOR B8Jmernien Johnslone M8¢l•y 213 StV[￿rt Strcet Glasgow 02 5QY

TRE FIAI.I,AVTRusr FOR ThE YUREf4DED S APRIL21124 R•p•rtof th¢Th I to 2 lThdeyndont knwh¢r'$ R¢pcrt ststtmtntof Flnitstlal Aclivities BAlnceSh••t Nota¥ to the Flngncial Statements 6 to 10 D¢t*lled StAtomént of win41￿•1 Actlyltits

REPORTOFTHETRUSITES FOR THE YEAR ENDED 5 APRIL 2024 Tbe t￿￿te¢S prcsujt thcir rerM>rt witb the financial slatemBnts ofthe charity for the year ended 5 April 2024. The thLgtees have adopted the provi8ioDs of 8nd Reporting by cl￿11]¢8.. Stst¢mellt of Re¢omJn¢nd¢d Prac¢1￿ Epplicable to clwiti'¢s P￿p￿ing th¢ir artounts in accordaD¢¢ the Financial Rcwting St8Trgard 8ppli the fjmaacex of th¢ Tnw gnd Dxe satisfied that Systems Are in place to mitiEat¢ ow ¢￿sUr¢ to the rnaior ris￿. The Trast Invtsknents regularly reviewgj by Sw&broka¥, Ev¢lyn POfit￿ {foTmerly B#t lllvest). and the Th]#ees ar¢ guided in thetr investment dwision5 by advice 8iYen by the stockbttth*5. Ai 5 April 2024 the vlliue of th¢ Trust InY¢s¢nJ¢nts outrt¢dto £1,895,298 compand tD A knok vakne of £IJ09261 Th¢ Tru5tE48 retain suffi¢ient T¢strves, au ￿￿¢Stric￿& to tsnsucethatthe TnL8t ￿ able to meet its obj¢¢tiYes. The Tn]stces intend tD wind up the charity in a favour of a newly established Scottish Chatitabl¢ Into￿tated oo￿lIS81￿)N Th¢ Lind Fvun¢J¥tion SCIO (Scottish ch￿lty Numb¢r SCYJ53620). The Litid FoTJndatiott SCIO will continve the work of the th¥Jity ar]d th¢ Th￿t¢¢5 ha￿ received conseLt fiY)m the offi￿ of the Swtti8h Chority Re8oJAtorto tske this atlro Pg8e I

TIIE BALLASI" TRusr REPORT OF TAETRUSIEES FOR TEE YEAREf4DED 5 APRIL 2024 STRUCTURE, GOVEBNANCX AfiD MANAGEME Governing documtllt The th8rity ￿ controlled by its govetningdocumenl &deed of Ld iY)nstitus an ￿nincOl￿rated chaTity. The TnJ4 was rstAb]i8hcd in tur(￿ of a Dted of DedEThU(xJ of by William Lind datsd 16 J)ec¢]uitt 1987 and re8i8ter•J 20 J8nu8ry 1988. The Deed of Dechration of ThLSt nomiDate4 thB fll5t Trllste￿. N¢w trusteu may be a5suTr¢d by th¢ t￿￿1￿4 Trnstees. There i8 formal p)liGy for th¢ indu¢tioD tratning of new TTuste¢4 bow¢￿T the Tkustcu hiyc & broad and diyme mixof skills gndwill sed(toTe￿lt new Irustet8 88 gnd vth¢nr¢quir¢d. REFER￿NCE AND ADMtNISlRATIVE DETAILS Roistered Chthty SCOO8790 P1h)d￿l gddre Turcon Connell 180 StVin¢eth Strc¢t GLASGOW G2 5SG Trustees IDd£pelldenl Examlntr BAnncrnJ8n Johnstonc M￿llY ChorteTtdAecountèt 213 St Villceot Slr¢¢t G]Asgow G2 5QY AppToved by order of the board of Irusteu on 5 December 2024 si￿*don its beha]f br. Page 2

INDEPENDENf EXAMLWER'S REPORTTO TIIETRusfEES OF IUE BALLAST TRusr lY4)ortODthe fcrth¢yE4r¢nded 5 Awil 2024 let out otl pa8es fovrto tell. Rt4tttiv¢ rwollJlbilitles of tnL8teu and exAmiutr The cbaThty's 1Th5teas ffsp)nsibk for the pr¢parati¢D of ttLe ￿ in accudartc¢ with the terms of thr Chartttes and Tnjstee InvestnKth {ScLl8ndl Act 2005 and the CharA¢ies A¢wunts (Swt]Hnd) RegUlat￿ll5 2(K>6 (&8 amendufl. The Charitys IWSte¢s considet that the audit T¢quir¢inent of RegUlatiL￿ 10(IX4) to {¢) of th¢ A¢¢ounts X¢guJiotts (k¢s ])ot apply. It is my rtsJM)nsibility to &xamine the ac￿￿nts as wuired wthr Section 44IIXc) of the Act and to stats wh&h Basisof tbe iDdependettt¢X•takn￿$ rtport My ex¥JlliThatign wgs e4rried iu accordantt with Regulation 11 of th¥ Cknilies Accounts IS¢otlond) RO8￿tionS 20&6. An ￿aminatiOn inclLtdes a review of th¢ acrA)untiNg Tecords kept by the charity 8lld A cornpatigDll of tho accounts pr￿ented with thos¢ r￿ords. It abc inolth ￿nsideration of w unu8uai itcm5 or disclrtswes in th¢ 4¢counts, s¢¢kitig wlallations from you ￿ tswt¢¢5 c(E￿illg auy such m4tters. The pr￿ed￿leS thJ(krt¢n th llot P￿vide all the ￿ryda)Ce th be tequited in an audii gnd ¢onseqwty I do not w an wdit opinion th• VKW gtv¢n by the ac£o￿ts. IndewdeDt eThnlner'i stttmcknt In cornection with my no￿￿terha8 oom¢ Iolny •tt¢nIi￿.' (l) m¢ Te89)nabl¢causeto believe th4 in Bny materhi to kw arwunttyw reo)rd5 in aGWId￿¢¢ with &£tion 44(IX4) of tb¢ 2005 Act and Rcgujation 4 of the 2CI16 to p]ppare acc4)unts whieh Èocord with the ￿COunting and to (xw>ly with Reg&llation g of the 2006 R¢Eulations b#¥¢￿ been me¢ or (2) to ￿1ClI in my opID1￿ altth Should be drawD in orderto ¢nabJe aprts￿ ulldustanding ofthe tr* Bal￿e][Dan Johnsh￿MI￿ay ChaA¢T¢dAw)untatLts 213 Stvincent Stsec¢ Glasgow G2 5QY 5 Dcc<rnknr2024 Page 3

IIIE BkLLASTTrusr sTATEf*fV￿0F FINANCIAL Acnvmls R ThK YEARENDLD 5 APAUL 2024 2024 2023 D(4Jikn athd 1¢g￿l¢S 6U 15.QOQ 21.lu 75233 74.43& Totsl 158,405 89.4J6 RAisingfjmd8 3,853 171284 141tr25 174.791 14Q678 NdyknslOosJ¢s) ￿ illve3tmo (106,478) (36946) NKTINCOMFJ(IXPENDrruREI {122,8641 (94.188) RECONCILIATION OF FuriDs 1076,783 1170,971 1.9S3,919 2.076,783 The notes fortn part0fth￿• finaL¢ioI thtements

5 APR￿2•24 XY23 Utittstiy￿ Totsj L895298 1003294 C&4h It b 64,981 79,84Y CREDrroBs (6JOQ) (6J6D) S1621 73A89 1,953919 In6,783 NET kSSETS 1.953919 1076.783 vuNDs U[￿($￿¢￿d fiu 1.955.919 1076.783 1953,919 1076.783 The fin8N5￿ statements warn oprov¢d bythe Bo¢d of and authorised for tssu¢ DJI S 2024 and wKe 5i8ned on its bchalfby." The notes fmi partof tl*8e fiDanctal statemmts

THE BALtAsfTRusr NOTES TO THE FINANCIAL 8rATE￿I￿3 FOR THE YEAR ENDED S APBIL 2024 ACCOUNfiNG POUCJYS B￿11 of prq)aiitig thetlnanrial statements Th¢ fJ5WLcial 8t&¢m¢nts of the ch&rity, w￿ch 13 8 publir b￿c[rt cntity undet FRS 101 have wepaT&I i cordance with the Ch)rities SOIIF (FRS 1021 'ArwJlltiDg Reportillg by Chatiti&8'. Slatuneut of Practice appiioble to chgrtties preP￿ill8 th¢ir ￿￿Unts in ac¢ord8ty¢¢ with th¢ PinaDGiaJ Rvporting Standard applic8bk in the and Republic of treland (FRS 102) (effectlve l JaDuary 2019),. Financial Reporting Standard 102 'Th¢ Fin9JJGiaJ Reporting Stalldard Applicable ID the UK Reptblic of Ir¢l&nd' and th¢ Cbwities •JLd IDVtstment Isrotiand) Aot 2005. The financial statcmcnts have been prepared under dje histori￿ (xst conventio4 with the ex￿ptiOn of invrstrnt]￿ which are ill0h￿¢d at markrt V8tU4 ￿ modified by the revaluaticm trfceEtsin 4ssds. All ino)me is xecogthised in th¢ stetone￿I of Firwi¢ia] Activitie5 once the charity has eDtitleJneLt to th¢ W it is probable the income will beteeeiv¢d pJJd the 8mountcan be me4suttdr¢liably. Bxpenditsre Liabtlitio4 are leo￿ls¢d cxpenth'lure 500n &8 thcr¢ is a l¢gal OT (Y)nStru￿1Ve obligation conllxittthg the oharity to tI￿t expenditu￿ it is w)hble thAt i tratJ5fer of ￿noMiC b¢ncfits will bc wllired in sfttJ¢m¢nt ond Ihe amount of the obliE8tion be mea$￿ed reli2bly. Ewdithre i8 a¢ca)Unt¢d for on an acGru•ls b&8i$ 8od has bKn c)&s5ified und¢r headings tI￿t awee sIl cost relat¢d to the ¢atw. Where costs c8tJttot be directly attributed to pthi¢ular hradings thsy hav¢ bt¢x) all0¢￿rd io a￿1VI￿￿ on a b&sis tonsislent with the use of Tax4￿0 Thecharity ts Bxernptfrorn tsx oft its ¢h4titable adivtties. Fund 8c¢ountiDg unrestri￿ fi￿d8 ￿ beused in with the clwithble obj'ectivos èttlledlB￿1OD of the trujtecs. R¢5tri¢ted fwid5 Can only be US￿ for wticular resttACted Put￿Se5 within the objects of the ¢harity. Restiictions lsewh￿ $pecified by th¢ dollOT ormthett funds aTE fdi%d fo[pthcUlarr￿1{￿ pu￿O$C%. Furthcr cxp1aj￿￿oll of the Datu￿ attd purpoge ofeath fuThl 1$ in¢Juded In the nrrtesto tho fin8mcial 5tate4nents. 2023 SuTVCyirtg offiG¢r uKom¢ 21,IT2 INvEsfMENf ll¥COME 2024 2023 74,501 732 73,788 648 Deposii acwunt ititereBt 75.233 74.436 Pa8e 6

NOTVSTOTHE Fll¥AFICIILSTATEMENf6. contin￿ed FOR THE ENDED S APRIL 2024 RAJSJNGFUNDS Inv&stm¢llt manaetmtxjt tosts 2024 2023 3.507 3.853 Thu¢ weye no tnLgtees' remw￿￿ti￿ or other Ixnefits for the year end&1 S April 2024 nor for Ihc ycar cnded S April 2023. The¥e wttr no tswte¢s' exp¢1]s￿ patd fortheye8rettded sthA￿lI 202412tr23: £0). Lithd At6 April 2023 Additions Di5FosaJs 11)03294 602451 {61.768} (106.477) At5 Apri12024 1.895.298 NETBOOKVALUE At S A￿11 2024 1.895.298 At 5 Apii 2Q23 003291 Cosi cr v4iyAtloo It 5 Awll 2024 Is repwentyjty. List¢d VEhwtlott io 2024 1.895298 ?aB¢ 7 cx)ntinued...

THE BALL￿￿TRusT NOTESTOTAE FINANCIAL ￿ATEMENfs. fODlinuwJ 2024 2023 Other crediwrs 6J60 6J60 Nd At6.4.23 5.424 Capitsi Revenue IOD3,294 73.489 1106,478) 116,386) {I,518) 1,518 ,895298 58,621 2.076.783 (122,864) 1.953.919 2,076,783 1121864) 1,953.9)9 Net mov¢m¢ntin fund5. includ￿ trn theabovt ate x5 folknv5'. tncomiti8 expended losses in fimd$ UnreJtric¢¢d fuDd8 1106,478) 1106,478) (16J86) Revenue 158.405 (174.791) 158.405 (174.791) (IlJ6.478) {121864) 15(405 (174,791) (106.478) (112,864) Cornpar*tlves for movement Net m¢v¢mrnt IL fimds behveen At6.422 5.4.23 Unre%trfcted thnd$ C4pitsl 2.IMO,861 130,103 [36.946) 1572421 (6281 628 2,￿3,294 73,489 2,170,Y71 (94.1881 1076,783 2,170,971 (94.1881 2.076,783 continued...

ThE BkLtAsrTrusT NOTES TO FINANCIALsfATEMENIB. ts)ntinued MOVEMEP￿ IN FUNDS- continued Comw&tiven¢tmOV¢M￿Lt in (￿d4 in¢lth ttt the aF￿ve #fft &% foltOWS: Jncoming losss5 UDrestrfeted Capitsl R¢venue (36346) (36.946) (57,242) 89.436 (14A6781 89,436 (146.6781 (3A946} (94,188) 89.436 (146.678) (36,9461 (94.188) A CUTr¢thytAr 12 nJoThths andprforyear 12rnonth5 combinedpo8itson is &$ follow5: Net TTZtt9ft At 5.4.24 At6.4.22 in nrostrittÈd fund$ Capitsl Rev¢nu¢ 1040,868 130,103 1143.41241 (TJ.628) (1146) 1146 1,895298 5&621 2,170,971 (217.052) 1,953.919 2.170,971 (217.052) 1,953,919 A crn ye8r 12 montbs PriLT ye8r 12 month5 (￿lbir￿ net ￿￿>Vernelrt in funds, included in the 4EoYe gre follows- R£Wur￿ l]w Sod Mtsv¢ment ÈXPeDde41 in fijnds UnreJtTlct•l C4Pit81 (143.424) (143.424) (73,628) 247,841 (32L,469) 247.841 (321.469) (143,424) (217,052) 247,841 {321,469) (143,424) (217,052) 269

THE BALL4sfTRUST NOTLS TO THE FINANCIAL STATEMENfs. tO￿till￿ed FOR TIiE YEAREP4DED S APIUL 21n4 REIAIED PARTY IIISCLOSURFS There were rto rdated pgrty tratwctioms forth¢y¢arended 5 Apti12024. Pagc 10

DKfAILED STATEMErfr OFFINANCIAL ACTIVITILS FOR THE ITARifiDED3 APBIL 2024 2024 2023 DonatiVll5 62,000 15,¢Y)O (khertrading ¥cti*#ie 21,172 Investm￿tI￿t0￿e OtlLer fixed A&%et inv#t. Fll D6POSit acc4JuTht interttt 74.501 732 73,788 75233 74.436 T￿￿1 Incoming re$ourees 158.405 89,436 Inveknitut maD•g¢ment costs St(thk¢t5 fr 3,507 3.853 SllPlXlrteo8ts Othrr UJJivmity of GILWW Expen9¢sr¢ WgJ&ryDshiwSliwt 128,689 26203 119,442 8,167 154,892 127,609 Auditots, remwyer4ti0ll Lkgal and M$nag￿￿ remuneratic 1112 14,280 2,016 132(rt1 16,3Y2 15,216 Totsl reqources expefjttrA 174,791 146,678 Trld eIpCud1th￿ Ixfore DID5 losses (16.386) (37242) Reg]Ised reu1￿tsed%II￿$ #ndlosses RealL%ed galllslOosses)OD fixed asset investmen¢s (7.009) 31,822 Net expendithre (23,393) (25,420) This page (kes not fomi ptsrtof th¢5tstytory finan¢io1 slalements Pa8ell