char Registratlon No. SC009302 (Scotlandl DR GUTHRIE'S ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
DR GUTHRIE'S ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION TruBt•88 Ichairl ITe$4gned 22 October 20211 Grant AdmInIrnt01 Se¢YetarlK and Trea$urers Azets A¢¢ountants Exchange Place 3 Semple Street Edinburgh, EH3 88L Bankers Bank of Scotland 20.22 Shandwick Place Edinburgh, EH2 4RN Solicitors Lindsays Caledonian Exchan 198 Canning Street Edinburgh, EH3 SEY Ind•pond•nt Ex•mlnors Johnston Smillie Lld Chartered A¢untantS and Regi$ter9d Auditors S Redheughs Ri99 Edinburgl. EH12 9DQ Investment Fund M•nagors Rossie House Investment Manaoem¢nt 28AAva Stieel Edintsjrgh. EH2 4PY Adminlstrative Offlce Exthange Place 3 Semple Slretrt Edinbur9h, EH3 8BL Charlly Numbtrr IS¢otlandl SC009302
DR GUTHRIE'S ASSOCIATION CONTENTS Page Tru51oes' report Independent examiner's report statement of financial Bctsvi11oS Balance sheet Notes to the financial statements 7-15
DR GUTHRIE'S ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The trustees pre8ent their r*porl and financl81 st8tsmenls for the ygai ended 31 Mah 2022. ObA¢ctives and activitigts The object of Ihe Associalion is to support organisatiolls devoted to the G8re and welfare ol ¢hildren and young people. This is achieved by awar¢Jing grants to such organis81)S for specific projects or purposes. There are no change5 to this ¢)bJe¢iive d4Jring the yeaf and there is none planned for the future. Rèvlow of a¢tlvltlo¥ The Truslees have confy'nued to carry out their duties in accordance with the Constitution. There continu¢$ to be a high level of applications for grants and successftjl applicants are listèd on pages 10-13 of the accounts. Each application foi grant is sympathelicalty and careftslly considered and the Trustees maintain. so far as possible, an active intèrèsl in projects supported. The Association has incurred nel expenditure before gains on investments of £131,201 (2021 £75,887). Charilsble $xpendilure the y¢8r lotalled £153.712 12021- £107.9021. During the yeaf lh¢ ASSoclI0n continued to incur costs in relation to ihe le9al claims, as well as a number of personal datg access requesls. As a result, the As60ciation has incurred addiliollal profession81 fees of £43.96612021- £3,120) du¥ing the year. Grant making pollcy In aCcrdanCe with the objedves of the A8sociatts)n grants are made to organlsations devoted lo the Ca and weare of childien and young people. A standard application lorm is used lo provide the inft)rmation required lor TnJ$tees lo d¢c¢de which ofganisallons should receive gwnts. The major grant giving round is Gonsidered al the meelsng of the Trutslee£ gnnually, the 5ub5idiary grant giwng rounds are woposed by Ihe Chairman and considèred by the Trustees by mail. Achi•vomÈnts and performanc• The assoGialion continues to provide grant$ to organisalions supporting Chlldren and young people. Financlal rnview DL5ring the year inveslrrEnt and other income amounted lo £37.18712021- £45.5011. Giants of £,4012021 £91,483) were Qaid out which, when added to other 8xpenseE, resuY(ed in a net decrease in funds, after nel gains on investmen1$, of £39,169 12021 net incie8se of £455.867}. This movement being due 10 £92.03212Q21 £531,754) gains on investments and £131,201 12021- £75.8871 expenditure in operalions. The investments had a m?rkel value al 31 March 2022 of £2,147,033 (2021 - £2,186.9451. Reserves poli¢y Grants are paid out ol investment and other income after deduction of administrative expenses. Revenye surpluses brought forward from prèwous years are avatlable il there is a shortfall. Tle is no reslriclion on the Lsse ol ¢aiilal funds for revenue purposes and transfers aTe made from time lo lime according to the demand fr)r gtsnls. £2,146,180 reseNes were held 8131 Mafch 2022 12021 £2,185.3491 all of which 18 unrestricted. The unrestricted funds comprise in¢ome and surplusesldefiots relained ovef the Association's hi510ry, and al 31 March 2022 £2.147.03312021 £2,186.9451 was inv¢sle(1 In order So genarale fvture income. £2,111,609 held in investments can only be realised by disposing of hotdings in the portfolio. Cash in the portfolK> of £35,424 can b¢ utilised immediatety lo offset the net ¢urrenl liability posilion of £853.
DR GUTHRIE'S ASSOCIATION TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Inve$tment poll¢y The Trustees èmploy Rossie House Inv&stment Management as investment managers of thè portfDlio on discretionary basis. The investment objective 15 one of a balanced portfolio subject to a medium degree ol Nsk. Thele are rK) Specif investment restrictions or limitslions applied lo the FQrtfolio. The portfolio is thked al on lol?1 rolijrns basis measured ayainst suitable benchmarks. The Fund Managèrs meet with the Trustees al least once a year. The performance ol the portfolio duTing the year reflects prevailin9 market conditions. A tsrget of £40,000 income (being around 2Yol, and lo release £90.000 of capilal Ibeing around 5%1 was sel fgr the year ended 31 March 2022, against which inveslmenl in¢ome of £37,11212021 - £45,42618ntJ capital of £120,OOD 12D21 £75,000> was re¢eNed. Should the market value of Ihe fund drop to £1.5m {to be reviewed annually) the cèpital withdrawal would be suspended until there w8$ a recovery. Rlsk managemènt poli¢y Thfr board regularly assesses and considers the Major ri%k# to which the charity is expo8efJ in parbeular those relating lo operations and firtaneing of the Assocwlion. Thè principal risk is loss of eapitsl due lo market rlsk on the investment portfolio. This is mitigated by appropriate systems and controls and the engagement of experienced investment managers. The Association arlicipates a long-term fLilure arbd 9p1S the reality that financial merkets are such Ihal capital values of inve51Tnenls will fi¢1010 during a bng tiMe-Sle. The value of the invèstment portfolio bèèn mait)t8ined at o similar I&v81 to 2021 despite ongoing ew)omt diffltieS. and IheAssociotion has released cash from the inveslment porlfolio as planned in order to meet its liabilities. The ce$h bance will be regularly monitofed lo ensure fuluTe fiThanci81 obligations can be met Giants will continue to be aw4rdd, only lo the extent that the A$s¢xialion'$ cosh and fund balantss allow. Pn$ for the future TheAssocialion plan lo transfei all 8S$8ts and liabilitses lo a newly established SCIO in due course, the liming of this has yet to b& finalisod. Struthir•, govemonc• and m8n•g8m•nt Con$tÈtutlon Dr Gulhrie's S¢hooJs' Assooalion was founded in 1847 by the Rev Df Thomas Guthri& 8nd foi over a century r?n schools for children in need. Following a change government policy schools were clotsed the Associ8lion reconslilvted as an unincorporaled as50cialion on 26 June 1987. The Irustees who setved dursng the y¢ar and up lo the dale of signature Of the financial statements ats noted on the charty infom)aon page. Apptslntment, Induction and tralnlng ot Tru$t8 The As50cialDn is managed by Trusl&es who are empowered lo assume new Trustees provided they are meft*ers ol IheAsxtiation. At present. four of the Trustees are descendants of Dr Guthrie while the otheT Trustees have bèen re¢ruiled lo corylement their skills. rane5 do not occur very often but when nècessary the Trustees approach p&rstsn who thèy fèel has the nssary knowledge and ski11s and who will make a valuable ¢ontribution to the management of theA$soetsls0n. New Truste&$ are provided with a copy of the constitutn and annual finaTrcial statements and Sre bri¢fod as lo Iheii dulles by the Chaiman alld se¢tary. FIDM lirne to time Truskeg aTe ukxlaled on their dutEs and responsibilitie$.
DR GUTHRIE'S ASSOCIATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 D*¢l$ion m•kiny process The Grants Administrator is iesponsible lor receiwng appllcations, presenting them to the Trustees and irtforming applicants of the decision 3s lo whether 8 grant has been approved As the TFUStees live in (Srflerent parts of the UK there is only one meeting a year although dlSIOnS on grant applications are made several time5 a year by post. The Secretaries & Treasurers are responsible for the adminislralion of the Association. Stat•mènt ol tNstegs' reBponslbilltles The trustees a rèsponsible lor preparing the Trusi¢es' Report and Ihe financial statements in aOrdanCe with applicable law and United Kingdom Accounliiig Stsndardy (United Kingtlom Generally Accepted AcGounlin9 Pro¢le1. The 13w applicable lo Charities in Seolland requires the trustees lo prepare financial statements for each Itnanoal year which give a true and fair VRW of the state of affairs of the association and of the inming regource5 and 8pplicalion of resources of thé associatioll for that year. In preparing these financial slalemenls, the trustees are reqUId lo.. select suitable a¢¢ounting policies and Ihen 8pply them conslslenlly.. - observ¢ the methods and principles In the Charities SORP., make judgements and estimate? 1tt81 are reasonablo and prudent., slate whether applicable accounting standards have been folk)wed, subject to any material dgparture5 disclosed and explained in the financial statements., and prepare the IiAancial statements on th6 gaing concern basis unless il is Inapproprtale lo pre$ume IW the charity will ¢ontÈnu& optrrabon. The Iruslees ale respor)sible for keeping 8uffi¢iont accounting record5 that dise105e with reason8lJe accuracy at any time the finanual position of the association and enable them to ensLJre that the financial Statements comply with the Charitie5 and Trustee Investment IS¢od8ndl Act 2005, the ChaThli8s Accounts ISts)d8nd} Regulations 2006 las amended} and the provisions of the trust deed. Thay are also responsible lor safeguarding the Bssols of the associalion and hence for taking reasonable steps for tho prevention and detectitsn ¢1 fraud and other irregul¥rilies. The Irustees. ptsrt Was 8pproved by the Board of Trust?¢s. Chair Dated." 20 June 2022
DR GUTHRIE'S ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DR GUTHRIE'S ASSOCIAnoN I reporl on the financial slalemenls of association lor Ihe year ended 31 March 2022, which are sel out on Pages 5 to 15. R•$pè¢tiv r¢spon$lbililio$ of trust8 and oxaminer The associab"on's Iruslees are responsiblè for the pr8pBralion ol Ihg finon¢ial statements in accordance wrth the terms of the Charil'es and Trustee Invtstmenls Iscollandl Acl 2005 and ihe Charities Aount$ IScol&andl RUlationS 2006 la$ amendedl The eharity's trustees consider that the audit requlrement of Regulat'on 10111 {al to Ic) of the 2006 Accounts Regulations does not apply. It is my responsibility lo ex8mine the financial $tatement$ as required under sedion 4411llcl of the Act and to stste whether particular matters have c(¥ne to my atl&ntion. Ba$1$ of Ind•pendeht ex•mtneP¥ $tatemgnt My examination is carried out in accordance wilh Regulation 11 of the 2006 Accounts Regulstions. kn examination indudos 8 reviaw of th8 accounting records kept by the charity and a comparison of the financial slalements presented with those records. It also indudes con$ider8titrn ¢1 any unusual items or disclosreS in thè financial slalements. 8fKI seeks explanations from the trustees concerning any such matters. The procedures undertaken do not pro¥Ade all the eviden Ihal would be required in an audit and conSeqt)Y I do not expre58 an audth opinion on the view given by the financial stslemenls. Indendont •x•mlnerfs statement In nneCtIOn with my 8xaminalion, no matter has cc¥ne to my allenlion.. {al which gives me reasonab cause to believe that in any material Spect the requirements.. li} to keep 8¢counting rècords in accordance with section 4411) lal of the 2005 Act and Rggulglion 4 of the 2006 A9t5 Regublion5', and Iiil to prepare fin8ncial stalements which accord whh the arKounlin9 iecords and mplY with RegUlatn B of the 2006 Accounts Regulations,. have not been mel or Ibl to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the financial slalements to bg rèached, Relevant Profesgion818Ly." The Inslitule of Chartered A¢countsnts ol Scotland Johnston Smillie Ltd Chartèrèd Accountants 6 Redheughs Rigg Edinburgh EH12 9DQ Dated, 21.loEIn..
DR GUTHRIE'S ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unr•8trfcted Vnr¢$trfet•d rovenue tapital fvnd fund 2022 2022 Total UnrBstricled Unreslricled revenu¢ capitsl fvnd fund 2021 2021 TDtal 2022 2021 Notes Donat9 and legacies Investments 75 37,112 75 37,112 75 45.426 75 45,426 Tot41 Income 37,187 37,187 45.501 45.501 Raising funds 14,676 14,676 13,486 13,486 Charitable activiltes 127,792 25,920 153,712 102,155 5,747 107,902 Totsl rgsource¥ •xpended 127,792 40,596 168.388 102,155 19.233 121,388 Nel gainsllloss&s1 on inveslrnenls 11 92.032 92,032 531,754 531,754 Net loutgolngll incomlng re$ource8 before tr4n$foTS 190,6051 51,436 {39,1691 156,8541 512,521 455.e67 Gross transfers beeen fLFnds 91,348 191,3481 46,100 146,1001 Net mov9m¢nt In lund$ 743 139.9121 139,1691 110.5541 466,421 455.867 Fund balances al 1 April 2021 11,5961 2.186,945 2,185,349 8,958 1,720.524 1.729,482 Fund balances at 31 March 2022 18531 2.147,033 2,146,180 11,5961 2,186,945 2.185,349 The 5talemenl of financial a¢ltrvitie5 includes all gains and losses recogn59ed in the year, All income and èxpenditure deriv& from conn1ng activitie5.
DR GUTHRIE'S ASSOCIATION BALANCE SHEET ASAT31 MARCH 2022 2022 2021 Note$ Fixgd a$s•ts Investments 12 2,147,033 2.186,945 Curr•nt ags•ts Cash 8t bank and in hand 44,755 6,830 Cr¢ditors: amounts falllng due within one year 14 (45,608} 18,4261 Nèl currenl liabllilies 18531 11.5961 Total asuts 1¢$$ ¢urront Ilabllltles 2,146,180 2,185,349 Funds.. Unreslrlcted capital fvnd Unrestrthd VenUe fund 2,147.033 18531 2.186.945 {1.5961 2,146,180 2,185.349 20 June 2tr22 Chair
DR GUTHRIE'S ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting pollel•3 Chadty Intomiatlon Dr Gulhrie's As60cialion is uriincorporaled charitable ¥$sociation that wag Teconstiluled on 26 June 1987 following the closure of Dr Gulhrie's schools. 1.1 Accountlng convention The finan¢ial statements have been prepared in accordance with the associalion's conslituilion. Ihe Charilies and Trustee Investrnent {Scotlandl Act 2005. the Charili$s ACcOnIS IS¢otlandl Regulations 2006 28 aFnendedl, FRS 102 '1he Financial Report Standard apIcable applicable in the UK and Republic of Ireland l FRS 102.1 and "Accounting and Reporting by Charil$' Statement ol Recommended Pracli¢è opplicable lo Gharrties preparing their actounls in acLordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Irdand IFRS 1021 (effective 1 January 2019) The association is a Publi¢ Benefrt Enllty as defined by FRS 102. The assKialion has taken advantage of the provisir)ns in the SORP for smaller charitses llot lo preparè a Statement of Cash Fkiws. The financial statements are prepared tn sterling, which is the functional QUenCY of the 8s$0¢iation. onotsry amounts in these financial statements are rounded lo the nearest £. 1.2 Going ¢onc•rn The Twsleps intend to transfer all assets and all liabilitie5 to a npwly established SCIO in due course, the timing of this ha$ yel to be f4n81ised. As this will be a transfer of a going concern with no Ghange to the 8¢tivities etc, the Iruslee$ have considered it appfopriate that ihe fillanoal statemen1$ are presented on a going coneem basis. The Association has sufficient ¢8sh to meet its ongoing obligations and holds Conserable In¥1nIS whi¢h can be readily sold should the need arise. 1.3 Charlt•bl¥ funds UnreslTited fvnds are available for Ltse at the discretion of the Iruslee$. In order to ensure that fund5 ale available for $tIl piojects, certain fvnds 8re set aside and designaied by the trustees Inlts sep8rat¢ funds. Tho Assoctration has unrestri¢lèd revenLte and capitel funds. Tho unre$trict9d revenuo fun compris¢s surpluses and deftcils btOU9hl foFward over many decadgs. They may be Ltsed lor 811 consliiulional purposes. The unr¢slricled ¢apital funds ran be used for the charitable objects at t dtret)n of the Irusle&s. Restricted funds are those which have been given to the charity for yse in accord8nce with tli6 wishe8 of donors, commonly for use in relation lo a Specific service Tho charity has no reslri¢ted funds. 1.4 Incom Income ss recognised whgn the ch¥rity become5 enlilled to the income, rKeipt is probablè and the amount an be reliably measured. IAv¢stmenl Income interest is recognised using the effective Inlerest rale applicable to the asseL Royaltbe5 are recognised on an accrua15 bèsis. D¢vidend income 18 rgcognised when the righl lo ¥e¢eipt is esiablished and is measured at tha faif value. Cash donations are recognised on receipt.
DR GUTHRIE'S ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 Accountlng poll¢le8 (Continuodl 1.6 Exp¢ndRurv Expenditure is recognised on attruals basis and ielated where pr3Cticable to the charity's aclvities. Whw¢ possible. expenditure is allocatsd directly lo th¢ fucli0n lo whsch it relates. Where this is nol possible it is allocated on the basis of time spent by staff on thal activity. Co$1s ol raising funds comprises those costs which ar& 88SOClated ¥vith the 9eneTrlion of income from sourc65 olher than undertaking charitable a¢livilps, and includes investrnent management costs. Charitable expenditurè cornprise5 those cost5 incur by the charity in the delivery of its chariiable a¢l'vities and services. Support costs and governance costs are apportioned betsveen activilies on the b8si3 01 lime Spent by staff on that activity, Aecruals are oblMJat&ons to pay for goods or seivices that have been acquiied, and meet grant commitments 9slablished before the year ènd. Accruals are recognised al the undiscounted amovnl owed to the $LtpplieT, which is normally the Invol price. Qf granis as awarded by the Trustees. 1.6 Flxèd asset Investments Quoted inve$lments are stated al their fair value * Ihe repc)rting date. Gains and losses ari¥ing are recognised in the statement of financial aclivilie5 in the period in which they aris. Unlisted investments are Ststed at their tsir value al the reporting (late_ The principal tisk to theAssocration ts loss of capital due to market risk on the investment portfolio. Thls Is mitigated by 8ppf¢¥sriale systems and contro15 and the engagement of an experienced firm of inveslment 8dvisors The Associabon anlicip•les a long-lerm fvlure and ac¢epl$ the reality that financial markets ar8 svch Ihal caprtal values of investments will flu¢lual& during a kjng tim&scale. 1.7 GaBh and ¢•$h gqulvalènts Cash and cash eoutvalents include cash in h8nd. depjsits h@kl at CAII wtih banks, oth&r shr)rt-term liqutd investments with oryinal maturkies of three monlhs or less. and bank overdrafts. B8nk overdrafts are shown wllhln borrowings in Current liabilities. 1.8 Financlal instruments Financial instruments are rècognwed in the slalemenl ot finan¢kql po8ilion when thfr charity becornes party lo th¢ contractual piovistons of Ihe instrument. Financial instruments are Inrtially measured 81 Iransacli¢n price. Subsequent lo initial recognition, they are accounted for as set out bÈlt)w. A ffinancing transaction is m@asured al th¢ present value of Ihe future payments discounted al markel rate of interest for 5inilar debt instrument. Financial instruments are classified as either'basic, or'olher, in accordance with Chapter 11 of FRS 102. At Ihe end ol each reporttrng perDd, debt instruments clèssrfied as bas are measure(J at amortisèd c051 using the effective interest method. All financ1 instruments not classbfied as basic are measured at tsir value al th8 ?nd Of the rgportin9 period with the resulting tharges re¢r)gni5ed in incomè or éxpense. )ere the fair value cannot be relrably measured, they ar• recognised at cost le88 impairTrnl. Flnan¢i81 assets are dEc09n1Sed when the contractual rights to Ihe cash flows from the assel expire, or when ttie Charlty has Iransfeired substsn1ia1 all the iisks #nd reward of ownershfrp, Financial liabilities ar derecognised only once the liability has been ¥xtinguished Ihrouyh discharge. cancellation or expiry.
DR GUTHRIE'S ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Donatlons and l&ga¢los Unre$tri¢t•d Unrestricted revenue revenue fund lund 2022 2021 tknation from Wlliam Tod's Tw$1 75 75 Investment Unrestrf¢tgd Unreslricled revenue revenu@ fund fund 2022 2021 Dividends lfiteresl 37,112 45.404 22 37,112 45,d26 R¥itslng funds Unrestrlct8d Unrestricted capital capital fund fund 2022 2021 Support costs Investment management 2,667 12,009 2,592 10.894 14.676 13.486
DR GUTHRIE'S ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitsbl• actlvltles Grant Excèptional awards legal costs 2022 2022 TolAI 2022 Grant Awards 2021 ranl funding of adivilies {see rKst& 71 96,400 9S,400 91,483 Shar& of support eosts (See note 81 Share of governance costs (see note 81 8,440 4,908 8,440 48,872 7,817 8,602 43,966 109,746 43.966 153,712 107,902 Anoly$i8 by fund Unreslricled revenue fund Unrestricted cowtal ftsnd 105,809 3,937 21,983 21,9B3 127.792 25.92Q 102,155 5,747 109,748 43.968 153,712 107.902 Descrsption of charitablo actlvYcl•s Grant awards represent all day-to-day costs of the charty's principal a¢livity ol making grants to organisatv)ns devoled lo the care and weware of children aThJ youn9 peoplè. Costs in this area related to exceptional legal and professional c0518 that the Association has incurred in relation to the matters highlighted in note 16. Gr•nts payabl) Grant •w•rd$ Grant awards 2022 2021 Grants to InststutS'. Abernelhy TrkJsI Above Venture Baltic StreelA(fvèntu¥e Playground Bare Productions CIC Belvidere Village Community Group Bethany Christian Trust Bridges Project Camp & Trek Canine Concem Scotland Trust C8nongate Yotrth Capital Caiers Centre for the Movin9 Image 2,000 2,000 1.50U 1.OOD 6txi 2.000 1.800 1,500 1.000 2,000 2,000 1,500 10-
DR GUTHRIE'S ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Grants p•yablè (Continuodl Child 8ereavemenl UK hildren 1st Children's Holiday Venture Citywise Mentoring Ltd Clifftop Projeets CIC Comar Craigmillar Literacy Trust Cruse Bereavement Core ScolLnd Cyrenians Denls Law Legacy Tru51 IDLLT) Dr Bells Famity Centre Dundee Mixed Martial Arts Youth and Community Sports Association Dunedin School Eat, Sleep, Ride CIC Edinburgh Food So¢L41 CIC Edinburgh Headway Gro(tp Edinburgh South Community Coaching Edinburgh Wneyard Etlinburgh Young C4rprs Engli$h-Speaking Unn Scotland EPIC East Ayr5hiTe Pipe Band Ac4demy Fife Young Carers SCIO First steps RuTal Connection {FSRCI Fischy Ltd Gfja Break Getting Beller Together Glasgow City Mission GlenlK>ig Development frust Granlon Youth Centre Hearts & Minds Helm Training Ltd Hibernian Communty Foundation Ltd. Home Link Famity Support Home-stsrt Aberdeen Home-start Wesl Lothian Hopscotch Children's Charity Hol Cho¢ol8t8 Trusl Hurlford & Crookedholm ELCS Includg Me 2 Club LEAD UK Lwth Community Arther6 Liberton VaulteTS Lochend Football Acaderny Lothian Autistic Socièty Lyra Mayfield and Ea61houses Youth 2000 Project Moira Anderson Foundation IMAFI Move On MulliCullural Farnily B New Team SCIO 2,000 2.000 1.875 1,500 2,000 1,000 2,OOD 2,OOD 1,000 500 1,500 1,500 1.500 2,000 500 1,500 2,000 1,000 1,875 1,500 1,500 1,500 1,500 3,000 2,000 2.000 2,000 1.000 1,000 1,500 2,000 1,500 1,500 500 1,500 1,OOD 1,500 2,000 1,500 2,OOQ 1,000 2,000 1,500 883 1,500 1,860 500 2,000 1,500 500 500 1,500 1,500 2,000 1,000 1,000 2.000
DR GUTHRIE'S ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Grants payable (Continued) Ocean Youth Trust {Scotlandl Ltd One Parent Families Scotland Oshays FASD Parent Community Sports Trust IPCST) Park lIa Football Devebjpmant Pathway$ lo Su05$ Penicuik YMCAIYWCA Play hAidlolhian Polj'sh Family Support Centre Queensferry Sports and Community Hub Quiet Watèrs Radicj Lollipop RCCG King of GkTrry Edinburgh Ree1t1 Music Reidvale Adventure Play Associalk)r) Lld Renfrewshife Foodbank Roc)kie Rock5tsr5 Room 60 SAM'S Charity S¢hool Mack Court Case Projecl SCK) Scotbsh Hunlin9ton'sAssoci8tion Scottlsh Outdoor Educalion Centres Awryalion Scottish Pony Partners Scottish Youth Dance Scollish Youth Theatr Sea the Change CIC SNAP Play S¢h&me SIAndrew's Children's Society SIAndrew's FiTsIAid Sl Theresa's Youth Club Slarcatchers Productions Ltd Street So¢¢gr Scotland Sunshin& Wiyhes Children'3 Charity Support for Fam$15 IS4FI Swap & Reus8 Hub Coopeialive Tall Ships Youth Trust Teen Ranch Scoland Th&AyrArk The Fruitmark81 Gallery The Glasgow Group.. Riding for thè Disabled Assoeiab"on The Junction - Youn9 People. Health arKI Vvellbeing Thè Michael Traeey Project {MTPI The Outsyafd Bound Trust Tha Prince and Prtncess of Walas Hospi The RD¢k Trust The Spjrtans Community Footb811 Academy Th¢ Yard The Zone Youth Committ8e Tron Theatre Ltd Under the Trees 1,500 2,000 1.300 900 1.000 360 1,500 1.500 1.500 1,000 2,000 1,000 1,000 1,200 1,500 1,000 1,500 1,400 1,500 2,000 1,500 2,OC(I I,OC 1,500 1,000 1,OOD 1,000 2,000 1.350 250 1,000 1,000 1,300 1,000 1,0 1,500 1.500 1.000 2.000 500 2,000 1,500 1,500 2.000 1,500 1.500 1,092 1.000 l,Lo 1,30D 1,000 638 1,500 2.000 12
DR GUTHRIE'S ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 Grants payabl• Icontlnuedl Venluie Scolland Venture Trust VICS in the Community Young Entefpfi59 Scoilarsd Your Pay YoL*r Way Ltd 2,000 2,000 800 1.500 1,200 96,400 91,483 Support costs Support Gov•rn•n¢g costs costs 2022 Supw Govèmanc8 costs costs 2021 Se¢relarial and Accountancy Professional fe8S Grant administration Miscellaneous Indeptrrdent Ex8minef s lèe 5,334 8,0 43.966 5,173 950 5,184 2,592 3,120 352 744 7,778 3,120 4.977 1.344 43,966 5,173 4,625 eoo 350 1,890 1,890 1.794 1,794 11,107 48,872 59.979 10,409 8.602 19.011 Analyserl b#fv4een Fundraising Charitable activities 2.667 8,440 2,667 57,312 2.592 7,817 2,592 16,419 48,872 8.602 11.107 48,872 59,979 10,409 8,602 19,011 Tru$to8s None of the trustees (or sny persons CeA)Nected with theml received any remune¥alion or benefits from the association during the current or prior year. One trustee was reimbursed lor expense5 of £5012021 £nill uring the year. 10 Employ80s The Association had no employee5 dutiY>g the current or prior year. 13
DR GUTHRIE'S ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 Net gainslllosses} on Inve#tmonts Unrè¥tri¢ted Unrestricted capltal caF4t81 ftsnd fund 2022 2021 Revaluatton ol investments (Lossllgain on sale of investments 98,342 {6,3101 512.335 19.419 92,032 531,754 12 Fixed a8Sfrt investments Listed Inv•stments Cash In portlolio T4)ts1 Cost or Yaluatlon At l April 2021 Additions dlu8lion Gh8nge8 Movernent DpOSal$ 2,149,540 245,092 98,342 37,405 2,186,945 245,092 98,342 11,9811 1381,3651 {1.9811 381,3651 At 31 MaTch 2022 2.111,609 35.424 2,147,033 Carrying amount At 31 March 2022 2.111.809 35,424 2,147.033 At 31 lthah 2021 2,149,540 37.405 2,186,945 13 Flnan¢lal In6trumenl8 2022 2021 Carrylnu amount offlnan¢lal as$•ts In8tiumenls measured al fair value through profil or loss 2,111.609 2,149.540 14 Creditorn: amounts f•lling du¢ within onè yè•r 2022 2021 Accw¥l$ and delerred income 45,608 8,426 14-
DR GUTHRIE'S ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 15 An3lysis of net a$$gts between fund$ Unrèstrkted UnrestTl¢tsd revenue capltal lund fund 2022 Total Unreslricled Unrestrtctgd re¥gnue fund Capital fund Totsl 2022 2022 2021 2021 2021 Fund balances at 31 MaTch 2022 are represented by.. Investments Current assetsl 2,147,033 2,147.033 2.186,945 2,186,945 1853) 18531 11,5961 11,5981 18531 2,147.033 2,146.180 11,5961 2,186,945 2.185.349 16 Fln•n¢lal commliments, guarwnts•8 and ¢onting*nt Ilablliti The Association Is facing a number of legal 8¢tions. Al the CLtrrent lime the Trustees are LFnable t¢ assess the likelihood of the requi ment to pay settlements or the surn8 th8t could be payable due to th8 earty stage ol these legal actions. 17 Related p4rty transa¢tlons OrE trustee was reimburse for exwnses of £5012021 £nill.