Ch•rty registration fbumb•r SCO144501Scollandl DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Charity nwnb•r (Scotlandl SC014450 Prlnc5p*l addY•ss Ind•pendent •xamingr Secrntary and Trtajurei
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) CONTENTS Twstees. re IndeFendent eXamer3 Tewt ststement of finawal athvit BaU4nce Sheet Noles lo the finan(y4 st*ments 6-13
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN
(KNOWN AS THE DOUGLAS HAY TRUST)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 OCTOBER 2022
The Iwstees present their annual rewrt aNJ fwwncial statements for the year eThJed 31 0(Aotw 2022.
The finanu staterren15 have been prepared in accortl8n¢e wrth Ihe a¢wJntirvJ wlKies set oui in note 1 to the
finanfial statements and comp5y wrth the ch8nWs cx)nstitution. the Charilies and Trustee Investment (SlIand) Act
2CQ5. Ihe Charities A(tounts (Scotlandl Regulab"ons 2 (as ametvjedl and "Ac£ounting and Reporting by
Charities.. Staternent of Recommended Prathe applKable lo chanb.es parIng their accounts in ao>)rdance with
the Finawal Reporting Standwd 8ppIN2Ne in Ihe UK arKI Republ of Ireland (FRS 102}" {effective 1 January
20191.
Objectlves and actlvltl
The chariws objects are to expeThJ the Trust Furyj. Ttheltw or caMal'.
1 By rnakn'ng annual donations or sp)e¢ial granls to any Sty orAS9X¥al ¢Jevob'ng itseff to the care of physically
handlipped ¢hildren" and
2. By making grants to in
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022 ne ofthe trustees any remunwalion or benefil the Ltharity. On 4 January 2023 a Scoltish Charrtable Inr3xpwated Organisalion ISCIOI was estsblishe(I'. Douglas Hay Tru51 ISC0522231. The SCIO ha5 the same c*arifable pUse$ an¢J obJ"ectThes as Douglas Hay Trusl for Crippled Children ISC0144501. In the ctsjrse of the year ernled 31 (k#ober 2023 the activities, assets and liabilib'es of Douglas Hay Trust for CripF4ed Chik1ren wil be transferred to the SCIO. When this process is complete. Douglas Hay Twsl for cried Children 11 be dl&wt4d. Thè trustees, rep)rt wa$ approved by the Board of Tn. 8 March 2023
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN I report th& financaal statements of the charity for Ihe year ended 310(Xober 2022, wlHth are sel OLrt on pages 41013. R¢8pctive r¢8ponslbili1i of truBt¢es •nd •xamln Tr chanly's Iruslee$ are responsible foi the preparalion of the finanual statements in aox)rdance with the temis of the Charities and Twstee Inve$tments Iscouandl Ad 21XJ5 and the Charities A¢o)unts IScollaTrJl Regulations 20[ la$ am8ndedl. The chaW5 Iruslees consider that the audrt requirement of ReguiglK)n 10llllal lo (C) of the 20Cfj A(xounts Regulations does nol appty. It is my $[sibIlity to examine the financial stalemenls as require(I nder secthon 4411llcl ol the Act and to stale whether partKular matters have ¢(e lo my attenkn'on. 8a$is of indeperKl•nt •xamin•rfs statement My examination is carried rJJt in accordance wrth Regulation 11 of the 2l Accounts Regulations. An examinabon indudes 4 review of the ac¢ounting recLJrds kept by the and a MpariSon of the financial stslemenls presented with those rec3)Fds. 11 also iludeS consideration of any unusual items or di5dosure$ in the financjal stalernents, and seeks èwanalhs frcffi the truslees concemFng any sLh matters. The procedures undertaken do not provide all the ede that wjId te Tequired in an audit aThJ o)nsequently I do not express an audit the vw given by the firwKial ststemgnts. Ind•pond•nt •xaminerfs statement In )re¢bon vAth my examination, no matter has co to my atten.. la) whith gives me reasonab cause to lieve thal in any material iespeca the requirements.. to k88p accountirrfJ recvrds in aco)rdance with seclion 4411) (al of the 2fth Act and Regulation 4 of Ihe 2LX16 Aco)unls RegulalK)ns,' and (ill to prepare financial ststements whith xcord with the ac£*)unling iectyds and CoMY with RegU)n 8 01 the 20C6Accounts Regui8tK>n$: have not been met or Ibl to whi¢h. in my opinion. attenb.on shwld be drawn in order lo enable a proper understsnding of the financial stalements to reached Dated: 8 March 2023
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2022 Total Unrestrict•d End0ent funds funds 2021 2021 Totsl funds 2022 fvnd$ 2022 2022 2021 In¢omo and ondoTh•nts from: Investment Irne Other income 31,915 31.915 132 132 Totsl In¢ome 31,915 31.915 Exp•ndltur• on- Raising ftJThJs 8.033 8,124 8,124 Charitsblg ¥lIlIeS 23,332 24.238 24.238 Totsl expendlluff• 23,332 31.365 24,238 8,124 32.362 Nel ga1nFJllos) on invÈStntS 11 {95,2051 195,2051 205.363 205,363 N•t IrKomlnglloutgolngl 11,498 {103,2381 191.7401 7.677 197,239 204,916 Gross transfers ben rKIs 163) 1561 Net movemEnt In funds 11,435 (103.1751 191,7401 7,621 197295 204,916 Fund balartts 811 Novefflber .eth 1.241.923 1.278.586 29,042 1,044,628 1.073.670 Fund baln¢e¥ at 31 Octob•r 2022 48.098 1.138.748 1.186.846 36,e63 1,241,923 1.278.586 The SlateThnI of financial 111$ mdudes al gains and k)sses rectsJnised m the ye. All income aTrJ experbthiure deri fr(ffi {x"nulThJ adNiW.
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) BALANCE SHEET ASAT31 OCTOBER 2022 2022 2021 Flx•d assots Investments 12 1,088,288 1,191.413 Currnnt assets D8btors Cash at bank arHI in hand 14 2.754 88.569 97.783 1CQ.748 91.323 Creditorn: amounts falllng due wlth ong ar 15 (2.1)) 14,1501 Nèt ojrrent assets 87,173 Totsl asts l••• current liablliti•s 1,186.846 1.278,586 Capitsl funds Expendable enItyent 16 1.138,748 1,241,923 Income funds Unrestricied fund5 36,663 1,186,846 1.278.586 The finanaal stslemenls were appTove¢J by Trust 8 March 2023
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 Accounllng pollclos Charity infornm Douglas Hay Trust for CripFAed Chiktren i% a charitable trnst 8statAishet1 by a Deed of Trusl in 1949 and domiciled in Sc¢tL4nd. The regist8Ted addross is 1.1 Aecountlng convention The financial ststements have been xwdancè wth thè tharilY$ ¢tItutiOn. the Charities and Trustee Investment Iscofjandl Act 2CQ5. the char&S Accounts (s113nd) Regulation5 2tK6 {as amended), FRS 102 -The Financial Reporting Stsndard aptsble in the UK and Republ of Ireland. fFRS 102-1 and the Chanlies SORP "Accrwjnting and Reporting by Charilies. Statemenl of Recommended PraclirE appli(2ble lo charities preparirg their ae£ounts in accordance wilh the Financial Repjting Standard applicab in the UK and ReputAic of Ireland {FRS 1021" {effective 1 January 20191. The thaity is a Public Benefft Entty as defined by FRS 102. The charity has tsken thntage of the prowsions in S(4p tr srnall thaiities not to prepare a Ststement of Cash Flows. finanual statements are pfepared in sterfing. whth is the frJnLtsnal CUThen of ¢hanty. Monetary amounts in these ffinanaal statements are rounded lo th9 nearest £. The financial statements have been PTepared under the hislorical Cost convention. modifd lo irK4ude vestments al fair value. The principal acy))unbng polioes adopted a set (xrt below. 1.2 Golng con¢em At thè time of approving the financial statements. the twstees have a reasonable expectslion thal the chanty has adequate resources to conb.nue in opwational existence for the foreseeab future. The trustees therelore c£Jntinue to adopt the wng nCern baS of accounlirwJ in prepariNJ the financial statements. 1.3 Charltsble fund Unrestriced lurkys are aTrrdilable for use at the di5crelion of the trustees in furtherance of their charitable objeaives. Restricted funds are sutr4"e¢a to speafic condthn$ by donors as to hcfiy Ihey may be ld. The charity has no stri¢Xed funds. Endowmenl funds we subie¢l lo speofic iondibons by don$ that the caprt81 must be maintained by the charity. The thantys in¥estrnents are trèated as an exper¥Jable eTrJowment as th8 trustees have the power lo make payments out of capital. 1.4 Inrne Incom8 is reo>3nised vthen the drity 1$ legalty to rt after any [rManCe conditi$ have been mel. the amourts ¢an be measured Telabty. ¥KI it is pwobable thal inrJ)me will recgivod. 1.$ Exp•ndltur¢ abilitie$ are rewni$e(1 as expenditure as soon as Ifre is a legal or constructive obligatKsn commrtting the charty to thal oxpendrtu. it r6 probable that selyement will be required. and the amount of the obligation can te mèasured reliabty. All expenditure is accourrt8d for on acclS basis.
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022 A¢countlng policies (contknd> 1.6 Fix•d asset in¥estr•nts Fixed as5el investments are rtlty measured at transackn prKe exduding transaction $ts. and are subsequenty measud at f1 Yabje at each reFKffting date. Changes ) fair walue are reeognised In net incomellexpenditurel for the yeai. Transactsn $ts a expensed as incurred. 1.7 Cash and cash equlvalents Cash and cash equivalents indude csh in han(l. deFrfJyts tId at call th banks. other slY)rt-lem liquKI investments with original malurtbes of three rKfflths or less. and bank ovetdrafts. Bank overdrafts are shown Ir>in borrowings in cajrrent "8b11. 1.8 Flnaneial instruments Finanaal instruments ts)mprise ffinaKaal assets aThJ fmantial la"IrtS whlth we irilk41ty recognised at Iransadion value and subseqLwY measured al their Settment talue with the exception of investments. Inve5trnents are measured InllY al their tranSac1K value and subsequenlty measured at their fair value as at the balan 5heel date using the dng quoted markel pri. The Statement of finarrial activitie5 includes the nel gains aThJ losses aiising on rwaluions dispcwL8 thrOugUt the year. R•alls•d gains and los All gains and losses are laken lo tr stalemont of ffinaal adTrI1 as they Trse. Realised gains and losses ort investments ale cakJJlaied as Ihe drfererK beknn sales and prrmds and their opening carrying value or purchase value rf acquired subsequent lo the first day of the finanoal year. Unrealised gains and losses are calculated as the differen ttween fair value at the year end and their carryiw ¥ae. Realised gains and losses are cunbird in the slalem8nt of fmancaal x1vit. Financial Instruments msured atfalr value Finan(aal Instruments measured al tsir value comprise listed investrnen15. Frxed asset irwestments, on which the On9ng fin8n¢ial sustainabilty of the ¢harty ¢Jepends. ar8 consmlered to carry a signrfK¥nl risk of mater¢al adNisbnent. The main risks I in ts comtina of uncertain invesbnent matets and volatility in yiekl. 1.9 Dgbto lors are rettgnised al setM8m8nt amount due. Prepaymnts are valued at the prepa1 amunt. 1.10 Cr•dltors and provi$ion8 Credrtors and provision5 are Tecognise(I where a rxes8nt obligation from a passed event will probably result in Ihe transfer of funds to a third party and the 8mounl to selue the oNh3at)n can be measured or estimated re1k8b. Creditors arKI provtsions are normaity recognised at settlement amount. Cfltleal •ccountlng ¢llmatss and ludgeThnts In the application of Chanty's xo)untry polKie5. the trustees require(I to make judgements, estimates and assumpbons about Ihe carryng affrf)unt of a55et5 and lobilitw Ihat are not readity apparent from other sourc4s. The estimates and assooated assump5 ao based on histtffifal experience and olher faCtS that a fxmsidered to be levant. Acaual resuts may differ from these eslimates. The estimates and underlying assumptx)ns are reved on Ongng basL8. Rèwsions to accounting estimales are re(¥)gnised in the perKxl in whth the estimate is remsed where the revision aff8Cts only that period, or in Ihe pefth of the revision and future pen"cAJs where the reMs)n affects trt)Ih txjrrenl and fijture periods.
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 OCTOBER 2022 In¥e¥knent In¢¢)me Unmtrlctrd Unrestricted fund5 funds 2022 2021 Income from listed investrnents Interest receivable 34,688 10 31.910 34,698 31.915 Oth•r In¢¢> UnltrIcd nds T¢)t*l 2022 2021 Other inccfflè 132 Raisin9 ndS Endowm9nl Endowment fund$ funds g•n•rnl general 2022 2021 Investment manage1nt 8,033 8.124 8,124
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022 Charltable athtles Grnnts payable 2022 Grnnts payable 2021 Gr*)1 lunding of activik5 (see note 71 13,568 14.785 ShaTe of supwi cos15 (see note 81 Share of govefflan costs (seè note 81 8.224 1.540 7.953 23.332 24,238 Grnnts payabl• Gr4nts payable 2022 Grants payable 2021 RlIng for the Disabled Grants to indimduals 13.6 12.485 13.568 14.785 During the year. grants were made to sF#Jnng ileS for the bemfft of 22 (2021." 201 ind1vK8Ls. Support cos1• Support Goveman¢o costs costs 2022 Support Govgrnance osts ¢(trsts 2021 Secrelary aKI Twsur8r Websiie 6.676 1.548 6.676 7.953 7.953 Inderdent exan¥nat fee5 Legal and prOfesOnl 1,5] 8.224 7,953 9,453 Analysed bèh¥een chaiitab actiwt 8.224 9.453
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022 Trusts•8 None of the trustees lor any pen8 txnneded with Ilwn) rrIed Y remLmeration or l)enefts from Ihg chanty during th8 year. 10 Employo There were no employees12021.' I). 11 Not gain•llloss•BI on in¥•sIMth Endowm•nt EThJowmenl funds funds genernl gener81 2022 2021 Revaluation of investments Gainloossl on sale of inveslm (108.982) 13.777 1T8,451 26.912 {9S.2051 20S.363 12 Fixed ass•t inv•slm•nts Llsl C•$h In portfolio T)tsl Ct or valuatlon Al 1 November 2021 AddOn$ valuats.on thanges ChsFwIs 1.178.975 306.472 1106,9821 I3).020) 12,438 1.191.413 308.472 1108.9821 1302.6151 12.595 At 31 OrAober 2022 1.078.445 9.843 1.088.288 Carrylng amount Al 31 October 2022 1.078,445 9.843 1,088,288 At 31 Octobef 2021 1.178,975 12.438 1,191,413 10-
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2022 13 Fin¥n¢ial imtruments 2022 2021 C•nylng ¥mount of financial as¥èts Inslrum•nts mèasufed at fair Val Ihrough wofit or b)ss 1,078,445 1,178,975 14 Debtorn 2022 2021 Amounts lalllng within on• y•ar. Other ¢Jeb1$ 2,965 2,754 IS Cr•ditorn: amounts falling due within onè 2022 2021 Accmals and dele1 income 2.190 4,150 11
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) NOTES TO THEACCOUNTS (CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2022 16 EndowThnt funds Thè Endowmènt frjnd represent a3691$ whh In Ihg opinSon of the Trust998 form th8 wrg a$sg1$ through which the charlly's aGtivttigs are fijndod. arising on th• endowment lund can be used in accordance with th8 objects of tho chanty and is included as unr8strict8d incom8. Any capital gains or kjsses arising on the assets form part ol the fvnd. The fund has been classffied as an expendable endowmenl as the Trustees have Ihe F4)wer lo make payments out of capital in furtheranoe of the charttable objectives. B•l•n •t 1 Nov•mlJ•r 2020 R••our¢•• •xp•nd Tr•n•l•r• R•¥•lv•iio 8•l•n¢• •t In• 1 Nov•mb•r 2021 RMour¢•• •xp•nd•d Tw•l•r• R•valu*lon• o•ln• and 8•lanc• •1 31 O¢tolxr 2022 exp•nd•bl• •ndowm•nt• End¢)wmenl lund 1,044.828 18,1241 205,383 1,241,923 {8,0331 195,205) 1,138.748 1,044.628 18,1241 56 205.363 1,241,923 IB,0331 195,205) 1,138.748 12-
DOUGLAS HAY TRUST FOR CRIPPLED CHILDREN (KNOWN AS THE DOUGLAS HAY TRUST) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2022 17 Analysis of net assets bètwn fund¥ Unrvatrict•d EndoTnent lunds 2022 T•)tsl Uns1cted En(hMnenl funds funds 2021 Total 2022 2022 Fund balances at 31 October 2022 are represented by.. Inveslmenls Current assetsllliaI4lIes) 1.088.288 1.088.288 48.098 S).460 98.558 36.663 1,191,413 50.510 1.191,413 87,173 48.C08 1.138,748 1.186.846 36,e63 1,241,923 1,278,586 13-