Broughty Ferry BenevokDt Trnst Reeeipts & Payments Account for the year to 28 Febrn*ry 2022 Scottish Charity No: SC0111644 Broughty Ferry Benevolent Trnst Referenee and Administrative Infonn*tion Scottish Ch*rity Number SC010644 NAM(s and addregseB of Trnslees Represtnting Baptist Dundee City Council N¢w Kirk St MaTgaret'5 Sl Sieph¢ns and West St Lukes and Qucen Street Dundcc Cit) Council St Mary's Banker Royal Bank of Scotland 288 Brook Streel Brou8hty Fttry Dundee DD) 2AP Independenl Eramioer Sto¢ld)rokers Brewin Dolphin 31-32 City Quay Camperdovm Street Dundee DDI 3JA Seeretary and Admini8tr4tsr for the Trust (and rinci Al address of Ihe Cbarity) Broughty Ferry Benevok#t Trnst Report of the trustees for the year to 28 Febrnary 2022 The Trustees present their report and accounts for the year ended 28 Febrnary 2022. The report and accounts have been prepared in accordance with tIK Charitys trust deed and on a re￿Ipts and payments basis. GoveTnance andmanagemenl Constitution The Trust was constAtuted in 1897. Appointment of trn$tee8 Trustees Consist of representatives of vario￿$ local IK)diffj as ￿lpulated in the ¢onstitution of the charity. Replac¢ment trustees are nomin*￿ by the r¢l¢vant body and approved by Ihe existing trustees. Trustee Indv¢tion and training The trustees will deal appropriately as regards induction and training on any new tr￿stees being appointed. This will includ¢ awareness of a trustee's responsibilities. the governing document, administrntive procedures. aTKI the history and philosophical approach of the charity. A new trustee will receive Copies of the previo￿ yearfs accoupt4 n]inutes of ent trustee meelings and a copy of the OSCR Ixx)kl¢t 'Guida￿e for Charity T￿￿tees, if appropriate. Stockbrokers Brewin Dolphin continued &s Stockbrokers to the TnLSt on their Standard Ternis of Busine&8. Organisation The trustees meel at l¢a8t once a year to review all aspects of trust business. Some of the trustees liaise with and vet potentia] beneficiaries. The day to day adminxstiation ts carried out by Secretary to the tTusL Risk Managem￿t The trustees have Lssessed the major risks to Nvhich the charity is exN)sed. in particular Ihose related ts the operations and financ¢s of the trusL and are salisfied that systems are in place to mitigate exposure kn those risks. Objectives andAclivitt The purposes of the tn]st were amended during the year to br(th their SCO￿ and thes¢ ¢hang¢s w￿¢ agreed by OSCR on 19 September 2016. The purpose of the Trust shall be to provide financial assistance to people, residing wilhin Ihe boundaries of The Ferry Ward &s defllKd by the City of Dund¢< who are in distress due ID bereavement. redundancy, illn&ss or such other cause worthy of consideration by the Trustees. . There are currently 2 beneficiaries receiving gtants of £500 per annum {in OctoLw). BNJughty FeTry Benevole￿ Trnst RepDrt of the truste¢s for the year lo 28 February 21)22 (cont) Fin¢v￿141￿¢v¥eW The results for the year are set out in the Re￿ipts aTKI PaynKnts Account on pages 5 to 8. The trust is in a sound fmancial positio￿ showing a Dct incrcasc in funds in thc year of £9,026. This increas¢ is to a reduction in the grants given together with a decrease in thc tlumbcr of beneficiari￿ Tke TnLSt¢Gs continue to ty to identify new beneficiaries. Invtstment poliey and perfornunce The policy is, long tenn, to adopt a medium risk inv¢sthJent slrategy, Ancludin8 equily investments, to prnduce a balance of income and capitsl growth. Rese￿e& Poliey The reserves of the trust origitiate from the initial ￿qUesl togets with movement in the value of investments and accumulated revenue. The In￿ceS have adopted a reserves policy should ensure the continuADg ability of the TnLSt kn meet its objectives. The Cash Reserves held at 28 Febnwy 2022 were £31,059. Independent Examiner So far as each is aware, Ikre is no televam audit Anfonnation of which the ind¢p¢nd¢nt examiner is unaware. Each trnstee h&8 taken the appropriate steps as a trnstee to make themsc1V￿ aware of such info￿atIon alld to establish that the ind¢￿ndent ¢Xan)In￿ is aware of it. Approved by the trustees and sigDed their behalf by: Broughty Ferry Benevolent Trust Statement of Trustees ResponsibilRties Law applicable to charities in Scotland requires the Trustees to prepare an annual rewrt and accounts for each financial year which give a true and fair view of the tharitys financial activities during the year and of its financial position at th¢ end of th¢ y¢ar. Th¢ Trnstees are responsible for preparing the annual report and the rlnattcial statements in accordance with applicable Law and Unit¢d Kingdom Gen¢rally Accepted Accounting Practice (UK GAAP). In preparing ac¢ount4 giving a true and fair view, the Trustees should follow best practice and: . select suitable accounting polici¢s and then apply them consistently" . make judgements and estimates that are reasonable and prudenL • state whether applicable a¢¢ountiDg standards and statements of recommended practi¢¢ have been followed, subject to any departures disclosed and explained in the accounts. . prepar¢ the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping accounting records which disclose with re&sonable a¢cura¢y the financial position of the charity and which enable them to ensure that the accounts comply with the Charities and Trustee Investment (Scotland) A¢t 2(K15, the Charities Accounts (Scotland) Regulations 2006 and the TTh￿¢ Deed. They are also responsible for safeguarding the &ssets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irTegulaTities. Brollgkty Ferry BenevoientTrwst Rttelpts aDd PyththtsAetowt forth¢y¢ar to 28 FebrM*ry 21)22 Rtteipts 2021 Divtdends and Interest RtttiveAI Donauons Received Sale of investm¢nts 5J05.69 5,181 800 14,959 sthdule 2 46,135.68 5224137 20,940 Paymeots CHARITABLE AcrivriiES Pa)Trents to Beneficiarics Support Costs GovernanL Cost of generatTng fw Purch&se of investments S¢thdule 3 sc￿ule 3 Sd*dule 4 Scheduk 5 I,(w. 1,000 175.4M) 1.681.84 40J57.94 150 1.433 11,918 43214.78 14,501 Surplwl(D¢fi¢it) fory¢ar 9.026.59 6.439 ststement •f B*l*Rces &$ 4128 Febr*ary 2022 C&sb on Deposit and o• Hand As at 28 Febw 2021 surp1￿/{Der1¢1¢) forye 21032.69 9.026.59 15,594 6.439 As at 28 Febnwy 21ll2 31.05928 22,033 Ca5b Reseryrs 9128 FebnE*ry 2012 31059.28 22.033 t Valuc at28 February 2¢Y22 167.fm.57 160,817 Qo£l at 28 Febn]ary2tr22 134,588.07 121.620 Broughty Ferry Tn Sehe41ult I 2022 2021 Dividends arml Intcre SJISA9 5,832 Sthedllle 2 Donathjns R*¢*kved 2022 2(Ql 3.06.19 Edilh attd 1thomas Callell Flmd. perRoyal B•)k of Swtsid 3.12.19 Elith #nd Thomas Cailth 1•Urt￿ per lioyal Bank ors￿￿ 40D.00 400.00 0.00 800 S 150.(M] 5treaThi ￿[£thry to the Ths4 rcreived M f￿$3￿j ￿￿￿1)Se$ fortheyear. eyaledrffl¢￿I0312 BREWIN DOLPHIN FoTthp•rfpafrvm2510212￿tb?SIo2/2o2? Ivth*iandNiuhurwrtedln PrlthhPoiinth Vthkn$4satt¢dtyywth•pmlvuslridlngdw¢idodn9pdo4 Holdlngs Summary Quantlty Se¢urtty Nam• SubPortlollo Attru*d Inttresl Book C￿1 ma￿1Val Est. Gross Est. Gw Pl1% IncoA¥* Ylold% AbloI￿te R•wrn Fundi 7,OV) FD14NGRI •HT WDOILHYBD¥IOIP BRcua0107 7.Q20.¢0 sio.sj 71 80 MUZNC•I8COIIIL TACT￿4l),￿¢JeP. 4.11•.OC* 3.17 SubTthalAbwluhR*iurn 0￿00 4,08 Cim•der￿1d cal￿￿*¥•￿ 2,t40 IU£MC¢KIII LYDY4trL4AESObLPROPIIC6 laly Spc￿￿107 1.914747dBP $,J44.98 Bl,41 Sub7•t•lP¥•p•rty 3,344.•5 15k*>$R 1889.49 81A2 C• Ci .s$r4p VRQUQQf07 .0.80 Y.Xa44a8p &ROUQ01 7.¥N.44 Y,aO9. 3aoAS ¢8P IROUOP107 po 0.17 SubTolalC•sh TOTALINGBP Q.OCt I742U 1136A5 z.gj 100,00 Affi￿bIrd￿llLDth￿S1th*￿$¢￿+auil￿S¢d￿llTw/¥￿￿¢hlBfi1￿lc¢nd¥<1ljj￿￿rty.￿W1st4r¢O In Ell•1￿￿0, 2155876*12Srriiht*id5treQELth￿QnÈC14￿vATl4IstrdtknANL￿￿￿.￿9DO99fj69. FefitsNwpg*svlV•wAddEdT•¥V￿CWt1Its￿T*Ft%IgcomM￿dl￿￿alimS0O0Jm￿￿19Wr IDdependent Examlner's Report to the Th￿te￿I of the Broughty Ferry Benevolent Trust I rq)ort on the accounts of the tharity for the year cnded 28 Fd)ruary 2022 which arc sct oul on pages 5 to 8. Respective re8pomibilities of trwtets and examiner The trnslees are responsible for the preparation of the accounts in accordance wTth the ternis of the Charities and Trustee Investmenl (Scolland) Act 21M)5 and the Charities Accounts (Scotland) Regulations 21J)6. The trustees consider that thc audit rcquirerncnt of R¢gulation l O[IXd} of the Accounts Regulations does not apply. It is my responsibility to examine the a¢¢ounts as required under section 44(1) (c ) of the Act and ￿ stak whether particular matters have come to my attcntion. B&sis of independent examiner's 5tstement My cxamination is carried out in accordance with regulation I l of the CFAaritic5 Accounts {ScotlaT]d) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts pres¢nt£d with those records. It also includes consideration of any unusual items or disclosuTes Iii (ho accounts, and seeks explanations from the tNstees conc¢rning an). such matters. The procedures undetlaken do not provide all the evidence that would be required in an audit. and coosquentLy. I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In the ¢ourse of my examinatioftL no matter has come io my attention . ithich 8ives me re&8onable cause to believe that in any material restttt the requirements: . to keep accouting records in accordance with section 44(1 Xa) of th¢ 2005 Act and Regulation 4 of the 2006 Accounts Regulations, aThl to prepa￿ accounts which accord with The accounting records and comply with Regulaiion 9 of the 2W6 Accounts R¢gulations have not been meL or 2. to which, in my opinion. attcntion should bc drawn in onlcr to cnable a ptDper understanding of the accounts to be rv4ched. L)atc .)£)*l