ACCOUNT of the INTROMISSIONS of the TRUSTEES of the TOD ENDOWMENT TRUST
From: 15 February 2024 To: 14 February 2025
Scottish Charity No. SC010046
LEI:213800EQEN89J44UDE78
Lindsays CSK/TRU17/1
TRUST HISTORY and PURPOSES
By Interlocutor dated 10 May 2006 the Scheme for the Variation of the Trust Purposes of the Endowment Trust created ~~ee~~ their Mutual Deed of Settlement dated 19 August 1929 and registered in the Books of Council and Session on 12 September 1933 and for the future administration of the said Trust, was approved.
Following approval of the Scheme, The Church of Scotland Trust is entitled to one-quarter of the income of the Tod Endowment Trust to be divided equally between The Cintra Trust and The Church of Scotland Ministry Benevolent Fund. The Royal Medical Benevolent Fund, the Scottish Artists' Benevolent Association and The Scottish Solicitors' Benevolent Fund are each entitled to one-quarter.
The Trustees nominated by the recipient institutions are:
2
The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Trust's financial activities during the year and of its financial position at the end of the year. In preparing such financial statements, the Trustees should follow best practice and:
-
select suitable accounting policies and then apply them consistently
-
make judgements and estimates that are reasonable and prudent
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue in operation
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements, which they are responsible for preparing, comply with the Law Reform (Miscellaneous Provisions) (Scotland) Act 1990, the Charities Accounts (Scotland) Regulations 1992 and the Trust's founding Deed, as varied by Court of Session Interlocutor dated 10 May 2006. The applicable law also sets out the Trustees' responsibilities for the preparation and content of the Trustees’ Report.
Trustees are also responsible for safeguarding the assets of the Trust and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
During the year the recipient institutions received a total of £30.000
The financial position of the Trust is as disclosed in the account.
The Trust is recognised as a charity by the Inland Revenue for taxation purposes. The Inland Revenue charity number is SC010046.
Approved by the Trustees and signed on their behalf by ~~i~~
Date
Vice fo: c& fois
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The Tod Endowment Trust
Abstract of account for year to 14 February 2025
CAPITAL
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Credit|balance|at the|close|of|last account|602,616.58|
|Gain|on|realisation|of|investments|18,556.62|
|621,173.20|
|Deduct:-|
|Administration|Expenses|(Examiner's|Fee|re|2024|Accounts)|165.00|
|Investment|Management|Expenses|1,042.65|
|Agents’|Capital|Fees|1,008.00|
|weenne|nee|2,215.65|
|Credit|balance|at the|close|of|this|account|618,957.55|
|of which,|Investments|at|book|value:-|£895,622.26|608,094.80|
|Balance|under-invested|10,863.25|
|REVENUE|
|Credit|balance|at the|close|of|last|account|30,015.99|
|Add:-|
|Investment|income|30,403.33|
|60,419.32|
|Deduct:-|
|Payments|to|Beneficiaries|30,000.00|
|Agents'|Revenue|Fees|1,186.80|
|a--------|31,186.80|
|Credit|balance|at the|close|of|this|account|wenneeen=|29,232.52|
|40,095.77|
|Represented|by:|
|Lindsays|Funds|34,437.90|
|CTiarles|Stanley|Capital|3,032.61|
|Revenue|2,625.26|
|40,095.77|
|— mei|
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The Tod Endowment Trust
Receipts & Payment Account for the year to 14 February 2025
| 2025 | 2024 | |
|---|---|---|
| Receipts | ||
| Investment Income | 30,403.33 | 29,961.49 |
| 30,403.33 | 29,961.49 | |
| Proceeds from sale of investments | 75,502.76 | 6,047.93 |
| Total Receipts | 105,906.09 | 36,009.42 |
| Payments | ||
| Charitable Donations | 30,000.00 | 30,000.00 |
| Administration Expenses | 165.00 | 165.00 |
| Investment Management Expenses | 1,042.65 | 2,702.09 |
| Agent's Fees | 2,194.80 | 1,459.08 |
| 33,402.45 | 34,326.17 | |
| Purchase of Investments(inc equalisations) | 53,502.49 | 0.00 |
| Total Payments | 86,904.94 | 34,326.17 |
| Surplus/(deficit)foryear | 19,001.15 | 1,683.25 |
The Tod Endowment Trust
Statement of Balances as at 14 February 2025
| 2025 | 2024 | |
|---|---|---|
| Investments | ||
| Opening balance Purchases(incEqualisations) |
611,537.95 53,502.49 |
612,496.09 0.00 |
| Sales | (75,502.76) | (6,047.93) |
| Gain / (loss) on sales | 18,556.62 | 5,089.79 |
| Closing balance | 608 094.30 | 611,537.95 |
| Market Value as at 14 February 2025 | 895,622.26 | 855,984.39 |
| Bank and cash in hand | ||
| Opening balances Lindsays Charles Stanley |
18,322.02 2,772.60 |
9,046.07 10,365.30 |
| 21,094.62 | 19,411.37 | |
| add: Surplus / (deficit) | 19,001.15 | 1,683.25 |
| Closing balance | 40,095.77 | 21,094.62 |
| Represented by: Lindsays Funds Charles Stanley |
34,437.90 5,657.87 |
18,322.02 2,772.60 |
| 40,095.77 | 21,094.62 | |
| Allfundsareunrestricted. |
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Approved by the Trustees and signed on their behalf
Date 7“ refer foi ?
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°
INDSAYS LLP
od Endowment Trust TRU17/1
9090909090900 - STOCKS & SHARES - <-----------Book Values-----------> Purchases/ Sales Profit/ No. of shares Opening (Sales) Closing Proceeds (Loss) I0 99 Aberforth Smaller Companies Trust plc ord 4,200 26:217 76 26,217.78 16/03/24 sale (1,505) (9,394.70) (9,394.70) 20,034.96 10,640.26 2,695 26,217.78 (9,394.70) 16,823.08 20,034.96 10,640.26 Aberdeen Asian Income Fund ord.NPV 20,000 20,603.85 20,603.85 20,000 20,603.85 20,603.85 Alliance Monthly Inc Bond P 25,000 25,532.87 25,532.87 now Liontrust Mnthly Inc Bd P Inc a E 25,000 25,532.87 25,532.87 Assa Abloy NPV Ser B Shares 530 42,500.77 42,500.77 re a eee — EEE, 530 12,500.77 12,500.77 Bny Mellon Newton Asian Inc 31,099.2410 32,161.67 32,161.67 a 31,099.2410 32,161.67 32,161.67
.
8400
24,696.00
24,696.00
.
Alliannz Technology Trust plc
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|||||||||
|---|---|---|---|---|---|---|---|
|8400|24,696.00|24,696.00|
|Blackrock|continental|European|Inc|Fd|6,333.674|10,840.86|10,840.86|
|||
|6,333.674|10,840.86|10,840.86|
|Caledonia|Investments|plc|ord.5p|shares|1,500|26,528.33|26,528.33|
|1,500|26,528.33|26,528.33|
|Capital|Gearing|Trust Ord|295|15,459.20|15,459.20|
|ey|| EI|
|i295|15,459.20|sS|
|Capita C|F Woodford|Equity Income C|Inc|15,000|3,889.64|3,889.64|
|now|Link|Funds|Solutions|Equity|Income|C|
|94/04/24|Scheme|Proceeds|0|(632.73)|(632.73)|632.73|0.00|
|15,000|3,889.64|(632.73)|3,256.91|632.73|0.00|
|City of London|Investment|Trust|plc ord|11,730|34,827.12|34,827.12|
|11,730|34,827.12|34,827.12|
|————— ————|OOo OOOO|
----- End of picture text -----
| Coca-ColaCo | 300 | 12,500.05 | 12,500.05 | |||
|---|---|---|---|---|---|---|
| i | ||||||
| 300 | 12,500.05 | 12,500.05 | ||||
| Diageo | 950 10,730.09 10,730.09 ie nniall |
|||||
| 950 | 10,730.09 | 10,730.09 | ||||
| Franklin Templeton Funds 20/08/24 purchase 29/11/24 equalisation |
8,648.813 | 9,000.00 | 9,000.00 (45.54) |
|||
| 8,648.813 | 9,000.00 | 8,954.46 | ||||
| Gore StreetEnergyStorage 19/08/24 sale |
15,000 (15,000) |
17,325.00 | (17,325.00) | 17,325.00 (17,325.00) |
8,796.56 | (8,528.44) |
| G ——$————$————————— |
17,325.00 ——————————————— |
(17,325.00) 0.00 oo |
8,796.56 ———————— |
(8,528.44) | ||
| GuinnessAssetManagement | 4,000 | 24,055.50 | 24,055.50 | |||
| neneni | neni | |||||
| 1,000 4 |
24,055.50 | 24,055.50 |
HICL Infrastructure
10,000
17,799.19
17,799.19
;
:
| 10,000 | 17,799.19 | 17,799.19 | |||
|---|---|---|---|---|---|
| HSBC Holdings pic ord.US$0.50 shares | 2,600 | 22,/05.92 | 22.705:92 | ||
| 2,600 | 22,705.92 | 22,705.92 | |||
| JP Morgan Global Growth & Income | |||||
| 19/08/24 | purchase | 2,850 | 16,522.49 | 16,522.49 | |
| 2,850 | 16,522.49 | 16,522.49 | |||
| Middlefield Canadian Income Investment Tr | |||||
| Red.Part.Pref. Shares npv | 20,000 | 21,592.77 | 21,592.77 | ||
| 20,000) | 21,592.77 | 21,592.77 | |||
| Mondelez International Inc A | 115 | 9,817.13 | 9,817.13 | ||
| 775 | 9,817.13 | 9,817.13 | |||
| Murray Income Trust ord 25p | 4,500 | 20,439.59 | 20,439.59 | ||
| 4,500 | 20,439.59 | 20,439.59 |
| (7/06/24 | National Grid pic ord.11 17/43p shares Take up Rights |
1,145 333 |
5,877.24 | 2,147.85 | 5,877.24 2,147.85 |
||
|---|---|---|---|---|---|---|---|
| 1,478 | 5,877.24 | 2,147.85 | 8,025.09 | ||||
| 16/03/24 | Odyssean Investment Trust purchase |
16,800 | 25,877.69 | 25,877.69 | |||
| 16,800 | 25,877.69 | 25,877.69 | |||||
| Personal Assets Trust plc | 3,500 | 17,209.85 | 17,209.85 | ||||
| 3,500. | 17,209.85 | 17,209.85 | |||||
| 6/03/24 | QualComm Inc sale |
80 (80), |
8,496.63 | (8,496.63) | 8,496.63 (8,496.63) |
10,092.23 | _1,595.60 |
| QO | 8,496.63 | (8,496.63) | 0.00 | 10,092.23 | 1,595.60 | ||
| ReckittBenckiserGroup | 215 | 8,802.54 | 8,802.54 | ||||
| eee | |||||||
| 275° | 8,802.54 | 8,802.54 | |||||
| RELX | 650 | 6,979.12 | 6,979.12 | ||||
| 650, | 6,979.12 | 6,979.12 |
;
|
| Rio Tinto | 375 | 8,974.84 | 8,974.83 | |||
|---|---|---|---|---|---|---|
| 375 | 8,974.84 | 8,974.83 | ||||
| Shell pic | 1,250 | 24,589.87 | 24,589.87 | |||
| ——"7250 | 2458087. | ~—~<C~«C~H BF |
||||
| Royal London U/T Managers | 16,000 | 16,928.00 | 16,928.00 | |||
| Sarasin Global HigherDividend P Inc 20/08/24 sale |
8,500 (8,500). 0 |
10,510.56 10,510.56 |
(10,510.56) (10,510.56) |
10,510.56 (10,510.56) _0.00 |
16,638.13 16,638.13 |
6,127.57 6,127.57 |
| SiemensAG NPV | 100 | 11,351.34 | 11,351.34 | |||
| ee | ||||||
| 100 | 11,351.34 | 11,351.34 | ||||
| Smith&Nephew plc 06/03/24 sale |
700 (700|8,911.00 |
(8,911.00) | 8,911.00 (8,911.00) |
7,276.71 | (1,634.29) | |
| OG | 8,911.00 | (8,911.00) | 0.00 | 7,276.71 | (1,634.29) | |
| Spectris Ord | 475 | 10,428.84 | 10,428.84 | |||
| 475 | 10,428.84 | 10,428.84 |
| TB Evenlode Investment Funds Funds ICVC | 27 882.487 | 39,592.63 | 39,592.63 | ||||
|---|---|---|---|---|---|---|---|
| 27,882.487 | 39,592.63 | 39,592.63 | |||||
| UK Commercial Property Trust Ltd ord.25p | 20,000 | 20,875.20 | 20,875.20 | ||||
| Change to Holding | (20,000) | (20,875.20) | (20,875.20) | ||||
| Tritax Big Box REIT pic | |||||||
| 11/04/24 | Scherne ofArrangement | 8,880 | 20,875.20 | 20,875.20 | |||
| 8,880) | 20,875.20 | 20,875.20 | |||||
| Unilever | 700 | 13,900.72 | 13,900.72 | ||||
| 700) | 13,900.72 | 13,900.72 | |||||
| Worldwide Healthcare Trust | 16,050) | 7,886.25 | 7,886.25 | ||||
| 27/06/24 | sale | (3,410) | (1,675.52) | (1,675.52) | 12,031.44 | 10,355.92 | |
| 12,64C) | 7,886.25 | (1,675.52) | 6,210.73 | 12,031.44 | 10,355.92 | ||
| Totals: | 608,094.30 | 75,502.76 | 18,556.62 | ||||
| Gain on | |||||||
| Sales | 18,556.62 |
| Income | ||||
|---|---|---|---|---|
| Investment | Income | |||
| Aberdeen Asian Income Fund Ord. NPV | ||||
| 23/02/24 | Dividend on 20000 | 850.00 | , | |
| 24/05/24 | Dividend on 20000 | 510.00 | ||
| 23/08/24 | Dividend on 20000 | 510.00 | ||
| 22/11/24 | Dividend on 20000 | 510.00 | ||
| Aberforth SmallerCompanies Trustord.1p | ||||
| 08/03/24 | Dividend on 4200 | 1.577210 | ||
| 29/08/24 | Dividend on 4200 | 366.52 | ||
| AllianceMonthlyIncome PBond | i | |||
| nowLiontrustMonthlyIncBondP Inc | ||||
| 28/02/24 | Dividend on 25000 | 87.50 | ||
| 02/04/24 | Dividend on 25000 | 87.50 | ||
| 30/04/24 | Dividend on 25000 | 87.50 | ||
| 31/05/24 | Dividend on 25000 | 87.50 | ||
| 01/07/24 | Dividend on 25000 | 87.50 | ||
| 31/07/24 | Dividend on 25000 | 87.50 | ||
| 02/09/24 | Dividend on 25000 | 87.50 | ||
| 30/09/24 | Dividend on 25000 | 87.50 | ||
| 02/12/24 | Dividend on 25000 | 87.50 | ||
| 31/12/24 | Dividend on 25000 | 87.50 | ||
| 31/01/25 | Dividend on 25000 | 208.55 | ||
| AssaAbloyNPV | ||||
| 02/05/24 | Dividend on 530 | 72.83 | ||
| 14/11/24 | Dividend on 530 | 71.00 | ||
| Blackrock Continental European Inc | ||||
| 30/04/24 | Dividend on 6333.674 | 15,11 | ||
| 31/07/24 | Dividend on 6333.674 | B07 fd | ||
| 31/10/24 | Dividend on 6333.674 | 44.82 | ||
| 31/01/25 | Dividend on 6333.674 | 43.74 | ||
| BnyMellon AssetManagement | ||||
| 28/02/24 | Dividend on 31099.241 | 303.42 | ||
| 31/05/24 | Dividend on 31099.241 | 338.17 | ||
| 02/09/24 | Dividend on 31099.241 | 554.09 | ||
| 31/10/24 | Dividend on 31099.241 | 87.50 | ||
| 02/12/24 | Dividend on 31099.241 | 428.83 | ||
| Caledonia Investments ord.5p | ||||
| 01/08/24 | Dividend on 1500 | 772.05 | ||
| 09/01/25 | Dividend on 1500 | 295.35 | ||
| Capital Gearing Trust Ord | ||||
| 23/02/24 | Dividend on 295 | 32.45 | ||
| 05/07/24 | Dividend on 295 | 230.10 | ||
| CityofLondon Investment Trustord.25p | ||||
| 29/02/24 | Dividend on 11730 | 592.3/ | ||
| 31/05/24 | Dividend on 11730 | 615.83 | ||
| 30/08/24 | Dividend on 11730 | 615.83 | ||
| 29/11/24 | Dividendon11730 | 615.83 |
| Coca-Cola Co | ||||||
|---|---|---|---|---|---|---|
| 02/04/24 | Dividend on 300 | 97.61 | ||||
| 01/07/24 | Dividend on 300 | 96.67 | ||||
| 01/10/24 | Dividend on 300 | 91.54 | ||||
| 16/12/24 | Dividend on 300 | 96.70 | ||||
| Diageo | ||||||
| 17/04/24 | Dividend on 950 | 304.48 | ||||
| 17/10/24 | Dividend on 950 | 448.69 | ||||
| Frank Templeton Funds | / | |||||
| 29/11/24 | Dividend on 8648.813 | . | 43.70 | |||
| Gore Street EnergyStorageplc | ||||||
| 12/04/24 | Dividend on 15000 | 300.00 | ||||
| 15/07/24 | Dividend on 15000 | 225.00 | ||||
| GuinnessAssetManagement | ||||||
| 31/07/24 | Dividend on 1000 | 356.80 | ||||
| 31/01/25 | Dividend on 1000 | 297.10 | ||||
| HICL Infrastructure Plc | ||||||
| 28/03/24 | Dividend on 10000 | 84.46 | ||||
| 28/03/24 | Dividend on 10000 | 121.54 | ||||
| 28/06/24 | Dividend on 10000 | 80.73 | ||||
| 28/06/24 | Dividend on 10000 | 126.27 | ||||
| 30/09/24 | Dividend on 10000 | 26.78 | ||||
| 30/09/24 | Dividend on 10000 | 179.22 | ||||
| 31/12/24 | Dividend on 10000 | 158.62 | ||||
| 31/12/24 | Dividend on 10000 | 47.38 | ||||
| HSBCHoldings | ||||||
| 25/04/24 | Dividend on 2600 | 645.54 | ||||
| 21/01/24 | Dividend on 2600 | 632.92 | ||||
| 27/09/24 | Dividend on 2600 | 197.12 | ||||
| 19/12/24 | Dividend on 2600 | 203.54 | ||||
| JPMorgan Global Growth & Income | ||||||
| 07/10/24 | Dividend on 2850 | 162.45 | ||||
| 06/01/25 | Dividend on 2850 | 162.45 | ||||
| MiddlefieldCanadianIncomeInvestmentRed. | Red.Part. Pref. | |||||
| 30/04/24 | Quarterly dividend on 20000 | 265.00 | ||||
| 31/07/24 | Quarterly dividend on 20000 | 265.00 | ||||
| 31/10/24 | Quarterly dividend on 20000 | 265.00 | ||||
| 31/01/25 | Quarterly dividend on 20000 | 275.00 | ||||
| Mondelez InternationalA | ||||||
| 11/04/24 | Dividendon775 | 220.96 | ||||
| 12/07/24 | Dividend on 775 | 214.63 | ||||
| 15/10/24 | Dividendon775 | 234.66 | ||||
| 14/01/25 | Dividend on 775 | 251:13 | ||||
| MurrayIncome Trust | ||||||
| 14/03/24 | Dividend on4500 | 427.50 | ||||
| 13/06/24 | Dividend on4500 | 427.50 | ||||
| 12/09/24 | Dividend on 4500 | 450.00 | ||||
| 12/12/24 | Dividendon4500 | 427.50 |
| National Gridord.11.17/43p | ||||||
|---|---|---|---|---|---|---|
| 19/07/24 | Dividend on 1145 | 447.92 | , | |||
| 14/01/25 | Dividend on 1478 | 234.12 | ||||
| Personal Assets Trustplc | ||||||
| 16/04/24 | Dividend on 3500 | 49.00 | ||||
| 31/07/24 | Dividend on 3500 | 105.00 | ||||
| 04/10/24 | Dividend on 3500 | 49.00 | ||||
| 24/01/25 | Dividend on 3500 | 49.00 | ||||
| Qual. Comm Inc | ; | |||||
| 21/03/24 | Dividend on 80 | 42.10 | ||||
| Reckitt BenckiserGroup | ||||||
| 24/05/24 | Dividend on 275 | 318.73 | ||||
| 13/09/24 | Dividend on 275 | 221.10 | ||||
| RELX | ||||||
| 13/06/24 | Dividend on 650 | 271.70 | ||||
| 05/09/24 | Dividend on 650 | 118.30 | ||||
| Rio Tinto | ||||||
| 18/04/24 | Dividend on 375 | 764.14 | ||||
| 26/09/24 | Dividend on 375 | 503.36 | ||||
| RoyalLondon BondFunds IIICVC | ||||||
| 28/03/24 | Dividend on 16000 | 177.78 | ||||
| 28/06/24 | Dividend on 16000 | 188.38 | ||||
| 30/09/24 | Dividend on 16000 | 182.91 | ||||
| 31/12/24 | Dividend on 16000 | 196.56 | ||||
| ShellplcEuro.07 | ||||||
| 25/03/24 | Dividend on 1250 | ' | 336.25 | |||
| 24/06/24 | Dividend on 1250 | 336.75 | ||||
| 23/09/24 | Dividend on 1250 | 326.88 | ||||
| 19/12/24 | Dividend on 1250 | 337.88 | ||||
| Sarasin Global HigherDividendP Inc | ||||||
| 26/02/24 | Dividend on 8500 | 109.55 | ||||
| 28/05/24 | Dividend on 8500 | 108.72 | ||||
| 27/08/24 | Dividend on 8500 | 169.69 | ||||
| Spectris | ||||||
| 28/06/24 | Dividend on475 | 256.03 | ||||
| 08/11/24 | Dividend on 475 | 126.35 | ||||
| IFSL Evenlode Investment Funds Funds | ICVC | |||||
| 30/04/24 | Dividend on 27882.487 | 259.79 | ||||
| 31/07/24 | Dividend on 27882.487 | 227.16 | ||||
| 06/08/24 | Dividend on 27882.487 | 3.15 | ||||
| 31/10/24 | Dividend on 27882.487 | 230.31 | ||||
| 31/01/25 | Dividend on 27882.487 | 230.28 | ||||
| Tritax Big Box Reit | ||||||
| 07/06/24 | Dividend on 8880 | 162.06 | ||||
| 06/09/24 | Dividend on 8880 | 162.06 | ||||
| 27/11/24 | Dividend on 8880 | 162.06 | ||||
| UKCommercialProperty TrustLtdOrd 25p | Ord 25p | |||||
| 29/02/24 | —Dividendon20000 | 170.00 |
| Unilever | |||
|---|---|---|---|
| 22/03/24 | Dividend on 700 | 255.29 | . |
| 07/06/24 | Dividend on 700 | 257.18 | |
| 06/09/24 | Dividend on 700 | 258.72 | |
| 06/12/24 | Dividend on 700 | 256.41 | |
| Worldwide Healthcare Trust | |||
| 24/07/24 | Dividend on 16050 | 337.05 | |
| 09/01/25 | Dividend on 16050 | 88.48 | |
| CharlesStanleyFunds | |||
| 02/04/24 | Gross Interest | 31.46 | |
| 01/10/24 | Gross Interest | 84.00 | |
| Lindsays Funds | |||
| 02/04/24 | Payment in lieu of gross client interest due for the period | ||
| 04/02/22 and 31/03/24 | 169.35 | ||
| 03/07/24 | Payment in lieu of gross client interest due for the period | ||
| 04/02/22 and 30/06/23 | 283.76 | ||
| 02/10/24 | Payment in lieu of gross client interest due for the period | ||
| 04/02/22 and 30/09/23 | 170.26 | ||
| 03/01/25 | Payment in lieu of gross client interest due for the period | ||
| 04/02/22 and 31/12/24 | 221.85 | ||
| 30,403.33 |
|
Revenue Payments
Payments to Beneficiaries
| 01/07/24 | The Royal Medical Benevolent Fund | 7,500.00 |
|---|---|---|
| 01/07/24 | Scottish Artists Benevolent Association | 7,500.00 |
| 01/07/24 | Church of Scotland | 7,500.00 |
| 01/07/24 | LSS Benevolent Fund | 7,500.00 |
| 30,000.00 |
Agents Revenue Fees
14/02/25 Fee for administration of the trust for period to date, applicable to revenue 989.00 14/02/25 VAT at 20% 197.80 ~[1,186.80]
Capital Payments
| Capital Administration Expenses | Capital Administration Expenses | ||
|---|---|---|---|
| 14/03/24 | EE | «2M ination feefor2024 | 165.00 165.00 |
| Investment | Management Expenses | ||
| 08/04/24 | Charles Stanley advice fee | 330.00 | |
| 08/04/24 | Charles Stanley Custody Fee | 190.44 | |
| 20/04/24 | Charles Stanley overseas custody charge | 120.00 | |
| 07/10/24 | Charles Stanley advice fee | 330.00 | |
| 07/10/24 | Charles Stanley Custody Fee | 72.21 | |
| 1,042.65 | |||
| Capital Fees | |||
| 14/02/25 | Fee for administration of the trust for period to date, | ||
| applicable to capital | 840.00 | ||
| 14/02/25 | VAT at 20% | 168.00 | |
| 1,008.00 |
,
|
| , |
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NOTES
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1 Investment income is credited to the account in the period in which it is received.
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2 No trustee received any remuneration or expenses during the period of the account. (2024 none)
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3 The investments are shown in the account at cost.
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Independent Examiner's Report to the Trustees of Tod Endowment Trust
| report on the accounts of the charity for the period ended 14 February 2025
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)c) of the Act and to state whether particular matters have come to my attention.
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures 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 consequently | do not express an audit opinion on the view given by the accounts.
In the course of my examination, no matter has come to my attention 1 which gives me reasonable cause to believe that in any material respect the requirements:
(a) to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
(b) to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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