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LOGIERAIT DISTRICT BENEVOLENT TRUST SCOTTISH CHARITY NUMBER: SC012315
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5™ APRIL 2025
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Trustees’ Annual Report - Logierait District Benevolent Trust
For the year ended 5th April 2025
- Administrative Information Charity name: Logierait District Benevolent Trust Charity number: $C012315 Charity trust e s ondate ofapproval:7 Independent examiner: BK Plus 26/30 Bonnethill Road, Pitlochry PH16 5BS
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2. Structure, Governance and Management
Logierait District Benevolent Trust is constituted by a Deed of Trust dated 9th December 1955 and registered in Books of Council and Session at Edinburgh on 21st February 1956.
Charity trustees are required to declare any potential, real, or perceived conflicts of interest at the start of each meeting. These declarations are recorded in the minutes, and the trustee in question must refrain from participating in any discussions or decisions related to the matter.
The charity trustees have delegated the day-to-day administration of the charity to appointed solicitors, Sarah Brown Charity Law WS, who manage routine correspondence, financial transactions, and compliance matters on behalf of the charity. The charity trustees retain overall responsibility. The charity trustees receive a report on the finances ofthe charity at least quarterly. The charity trustees meet with the solicitors at least once a year.
The charity trustees receive a legal and regulatory update at least once a year from the charity’s solicitors in order to keep up to date with their role and responsibilities.
3. Charitable Purposes and Activities
The Trust may apply income and/or capital towards the prevention of poverty among older people and people with disabilities or health problems by way of grants, donations, loans, gifts or pensions. Recipients must be from within a specific geographic area in Highland Perthshire, which area is more particularly described in the Trust’s governing document.
4. Achievements and Performance
In the year to 5th April 2025 the Trust undertook various charitable activities.
The Trust made gifts to residents within the Trust's specified geographical area of activity who were in necessitous circumstances. Gifts of supermarket vouchers, grocery vouchers, amazon vouchers, food hampers and plants were made to 49 beneficiaries.
The Trust held its annual festive lunch for the elderly within its geographical area, providing a meal and an afternoon of entertainment to 55 attendees.
The Trust also awarded a grant to each primary school in its geographic area to support the costs ofa school outing or school project.
5. Financial Review
The Logierait District Benevolent Trust has maintained a stable financial position throughout the year.
The principal funding source for Logierait District Benevolent Trust is investment income.
Logierait District Benevolent Trust’s investment policy is designed to achieve a balance between income generation and capital preservation. The trust's investments are managed by Evelyn Partners, who ensure that the portfolio is diversified and aligned with the trust's risk tolerance and any ethical considerations. During the year, the investment portfolio performed well, generating a steady income that supported the trust's activities.
The funds held in unrestricted reserves amount to £14,318.51 which the Charity Trustees believe is : sufficient to meet any unexpected liabilities which could arise as well as normal running expenses.
6. Plans for Future Periods
The Trust intends to continue its current activities, maintaining its focus on supporting local benevolent initiatives in its area of benefit.
7. Statement of Trustees’ Responsibilities
The charity trustees are responsible for preparing the annual accounts in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
The trustees must ensure that:
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e Proper accounting records are maintained, accurately reflecting all receipts and payments made during the financial year.
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e The accounts present a true and fair view of the financial position of the charity at the end of the period.
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e The accounts comply with the applicable laws and regulations governing Scottish charities.
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Approv, i tees anid signed on their behalf:
Signat
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Date of approval .) | | LO 202g
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Receipts and Payments Account
Logierait District Benevolent Trust- SC012315
For the Period 6th April 2024 to Sth April 2025
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Statementof Receipts and Payments
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Unrestricted Restricted Totalfunds Totalfunds
funds funds current — last period
Note period
Receipts £ £ £ £
447.02]98.11) | |__ 4,478.02] 4,323.72
Other Receipts 2 280.00 400.00 680.0098.11| _ 652.05103.69
Sub total 4,856.13 400.00 5,256.13 5,079.46
Receipts from investment sales
Proceeds from sale of investments |31,942.91,«| «| 31,942.91] 0.00
Total Reciepis 36,799.04 400.00 37,199.04 5,079.46
Payments
For Charitable Activites 3 4,320.00 400.00 4,720.00 4,986.40
Investment Management Costs 1,316.62)| 1,316.62 745.80
Governance Costs
Independent Examination 204.00] 204.00 204.00
Preparation of annual accounts 240.00fs
184280]
Sub total 7,923.42 400.00| [1,902.80]8,383.42 771.00]6,947.20
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Payments relating to investment movements
3028626]
+) ‘(s02ee2] _—is
Total Payments 38,209.68 400.00 38,669.68 6,947.20
Net reciepts/(payments) -1,410.64 0.00 -1,410.64 -1,867.74
Surplus/(deficit) forthe year -1,410.64 0.00 -1,410.64 -1,867.74
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Receipts and Payments Account
Logierait District Benevolent Trust-SC012315
For the Period 6th April 2024 to Sth April 2025
Statementof Balances
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|Unrestricted|Restricted|
|funds|funds|Total funds|Total funds|last|
|Note|current period|period|
|z|£|£|£|
|Bankbalancesatstartofyear6||_15,729.15| __0.00|
|Bank balances end ofyear|7|14,318.51|0.00|14,318.51|15,729.15|
|Market Valuation|||Market Valuation|
|Investments|8|(£)|(£)|
|Bonds|
|Alternativesand|Multi-Asset|
|Equities.|
|Global|
|Total|118,087.00|120,672.00|
|Total funds|as|at|
|05/04/2025|(£)|(£)|
|Balance of cash and investments|132,405.51|136,401.15|
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Position .....AA ee - Date of approval a i | iO | 2015
Logierait District Benevolent Trust
Scottish Charity Number: $C012315 Notes to the Accounts for the year ended 5th April 2025
- Accounting Polices The accounts have been prepared on a receipts and payments basis in accordance with the Charities and Trustee (Investment) Scotland Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
VAT
The charity is not registered for VAT and accordingly expenditure includes VAT where applicable.
- Other Receipts
Description Notes Amount (£) Donation 50 Income from raffle at festive lunch 230 Donation from the Sidney Gordon Robinson Restricted (see note 5) 400 Community Fund towards festive lunch Total £680
3. Charitable Activities
Payments made for charitable activities can be broken down as follows:
| Description | Amount(£) |
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| Festive Lunch x55 | 1,780 |
| Grant to Logierait PrimarySchool | 750 |
| Grantto Grandtully PrimarySchool | 750 |
| Flowerplanterarrangements x 9 | 270 |
| Butchervouchers x 4 | 120 |
| Groceryvouchers x 18 | 540 |
| Online marketplacevoucher x 1 | 30 |
| Food hampers x 16 | 480 |
| Total | £4,720 |
4. Administration Fees
Description Amount (£) Legal administration fees 1,800 Hire of Hall for AGM 20 Stationery and postage 22.80 Total £1,842.80
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The administration costs for the period appear higher than usual due to the inclusion of two invoices: (i) Administration Fee for the Period to April 2024— An invoice for £1,080 was paid covering administrative support and legal services rendered up to the 5" April 2024.
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: (ii) Final Fee from previous Solicitors— An invoice dated January 2025 for £960 was paid as the final settlement for administrative support and legal services provided prior to the change in legal representation.
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- Funds The charity received one restricted donation during the period. The donation was gratefully received from the Sidney Gordon Robinson Community Fund towards the cost of the festive lunch. The donation is shown separately in the accounts and was expended for the purpose given during the period.
All funds held as at 5" April 2025 are unrestricted and can be used at the Trustees discretion in furtherance of the charity’s purposes.
- Bank Balances as start of the year (6" April 2024) Represented by:
Unrestricted Funds Royal Bank of Scotland Account £15,344.57 Evelyn Partners Ledger Account £384.58 Total: £15,729.15
- Bank Balances at the end of the year (5" April 2025) Represented by:
Unrestricted Funds Royal Bank of Scotland Account £13,313.75 Evelyn Partners Ledger Account £1004,76 Total: £14,318.51
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Investments
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The charity held a varied portfolio of investments during the year. A breakdown of asset classes and their values can be seen in the statement of balances in the accounts. Investments are shown at market value.
All investments were held as unrestricted funds. The charity does not hold any restricted or endowment investments. Investment income comprising dividends and interest of £4,478.02 was received during the year and is included in the receipts section of the accounts. Proceeds from the sale of investments amounted to £31,942.91, and purchases of new investments totalled £30,212.34.
- Trustee Remuneration
No remuneration was paid during the period to any charity trustee or person connected to a charity trustee (2024:nil)
10. Related Party Transactions
During the year, Trustee Sandra Grant was reimbursed a total of £712.80 for purchases made on behalf of the charity. These included grocery vouchers, butcher vouchers, and an online marketplace voucher for beneficiaries, as well as stationery comprising five raffle books and postage. The trustee received no remuneration for her role and no other expenses were claimed. There were no other related party transactions during the period (2024:£954).
Logierait District Benevolent Trust
Scottish Charity Number: SC012315
Independent Examiner's Report to Trustees of Logierait District Benevolent Trust
| report on the accounts of the charity for the year to Sth April 2025 which are set out on the previous pages
Respective responsibilities of trustees and examiner
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
Basis of independent examiner's statement
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 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
Independent examiner's statement
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 |
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| requirements | |
| ‘ | to keep accounting records in accordance with Section 44(1) (a) of the2005Act and |
| Regulation 4 ofthe 2006Accounts regulations. and | |
| to prepare accounts which accord with the accounting records and comply with | |
| Regulation 9 of the 2006Accounts Regulations | |
| havenotbeenmet.or |
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Name:
Professional Qualification/body
Address
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