RUTHERGLEN BENEVOLENT FUND RECEIPTS AND PAYMENTS ACCOUNT AND STATEMENT OF BALANCES FOR THE YEAR ENDED 2 NOVEMBER 2022 ICESSATION) Charlty Number: SC014764
RUTHERGLEN BENEVOLENT FUND TRUSTEES, REPORT FOR THE YEAR ENDED 2 NOVEMBER 2022 The Trustees present their report and financial statements of the charity for the year ended 2 November 2022. REFERENCE AND ADMINISTRATIVE INFORMATION Charlty Name: Rutherglen Benevolent Fund Charity Registration number: SC014764 Reglstered offlce: 236 Stonelaw Road Burnside Rutherglen Glasgow G73 3SA OFFICE BEARERS The Office Bearers who served during the year and sSnce the year end were as follows: Presldent Vice-President Honorary Secretarynreasurer STRuURE, GOVERNANCE AND MANAGEMEMr Governlng t>ocument The Trust, which is a recogni5ed Charity in Scotland, is operated under the rules of Its Trust Deed, dated 1909. Appointment of Trustees The management of the Trustls the respollsibility of the Trustees who are appolnted from churthes throughout the area of Rutherglen. Operatlonal Strurture The Office 8earer5 servlng durlng the year are Ilsted above. The 8oard shall be managed by a board of ten or more Trustees representing as far as posslble the Presbyterian Churches of the Parish of Rutherglen. The Trustees shall from among thelr number annual elect a President, Vice-president, Secretary and Treasurer forthe year ensulng. Vacancles In the Board shall be fllled bythe remainlngTrustees from time to tlme.
RUTHERGLEN BENEVOLENT FUND TRUSTEES. REPORT (Contd) FOR THE YEAR ENDED 2 NOVEMBER 2022 OBJEcfivE5 AND ACTIVITIES The objert of the Trust is to make a distrlbutlon annualty among necessitous poor people In the parlsh of Rutherglen approved of by the Trusteesi provisions, coal, or artlcles of clothlng In such manner as the Trustees think fit, or money payments. ACHIEVEMENTS AND PERFORMANCE The Trustees note the results of the year as laid out In the ReIptS and Payments Account. Thls year the charitable distrlbution5 were £34,555 compared wlth £NII In the previous year. CESSATION OF CHARrrY At an Extraordinary Meetln8 of the trustees held on 14th September 2022, the trustees resolved to cease the activities of the charlty. The trustees had prevlously conducted a search of other local charities operating with similar oblertlves to that of Rutherglen Benevolent Fund. The trustees identlfied Rutherglen Carers (Charity No SC027037) as a worthy charity to honour the benevolent funds, objectives. Following realisation of the chariws investments, the trustees resolved to donate its resldual funds to Rutherglen Carers. The final donation was completed by 31st October 2022. Rutherglen Benevolent Fund teased its activities on 2nd November 2023. INDEPENDENT EXAMINER Following the cessation of the fund. there 15 no requlrement to re-appoint an independent examiner. This report was approved by the trustees on 27 June 2023 and si8ned on its behalf by Trustee
RUTHERGLEN BENEVOLENT FUND Independent Exarninerfs Report to the Trustees of Rutherglen Benevolent Fund I report on the accounts of the charlty for the year ended 2 November 2022 which are set out on pa8es 4 to6. Respective responsibilities of Trustees and Exarniner The charitys Trustees are responsible for the preparation of the accounts In accordance wlth the term5 of the Charltie5 and Trustees Investment {Scotlandl Act 2005 and the Charities Accounts IScotland} Regulations 2(K)6 las amended). The charity Trustees consider that the audit requirement of Regulation 10(l}Idl of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 4411)Ic) of the Act and to state whether particular matters have come to my attention. Basls of Independent Examlnerfs Statement My examlnatlon Is carrled out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 21J06. An examlnation includes a review of the accounting records kept by the charlty and a comparison of the accounts presented with those records. It also indudes consideratlon of any unusual iterns or disclosure5 in the accounts and seeks explanations from the Trustees concernin8 any such matters. The ProdureS undertaken do not provKle all the evidÈnce that would be required in an audit and, consequentty I do not express an audit opinion on the view given by the accounts. Independent Examlnerfs Statement In the course of my examlnation, no matter has come to my attention l. which 8ives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44lllla) of the 2C#)5 Act and Regulation 4 of the 2LK)6 Accounts Regulations, and to prepare accounts whlch accord wlth the accounting records and comply wlth Regulatlon 9 of the 2006 Accounts Regulations Ib) have not been met, or 2. to which, in rny opinion, attention Should be drawn in order to enable a proper understanding of the accounts to be reached. Narp anA Narplan H 63 Main Street Rutherglen Glasgow G73 2JH ounting elv15 Date 27 June 2023
RUTHERGLEN BENEVOLENT FUND RECEIPTS AND PAYMEMfs ACCOUNT FOR THE YEAR ENDED 2 NOVEMBER 2023 2022 2021 RECEIPTS Donatlon Investment Income Bank Interest Proceed on Disposal of Investment Other Income- Refund of grants 711 15 26,523 684 2,235 Total ReIptS 27,249 2,921 PAYMENTS Investments Purchases Smlth & Wllllams Investment Fees Smlth & Wllllams LEI Appllcatlon Fee Grants Donatlons 321 72 356 72 34,555 34,948 428 Net Receipts Cash Funds - previous year 17,699) 7,699 2,493 5,206 Cash Funds- current year 7.699
RUTHERGLEN BENEVOLENT FUND STATEMENT OF BALANCES AS AT 2 NOVEMBER 2021 2022 2021 CASH FUNDS Smtth & Wllllam50n- Stockbrokers Macallans Royal Bank of Scotland - Special Deposit Account 2,304 3,582 1,813 Total Cash Funds 7,699 INVESTMENT A5SErs Cost Value Current Value 2021 Value 370 Scottlsh Mortgage Investment Trust 860 city of London Investment Trust 4,300 S&W Investment Funds MM Cautlous Growth B GBP 305 Murray Internatlonal TNSt 650 Polar Capltal Fund5 5,450 S&W Investment Funds Short Dated Corp Bond Z 5,606 3,367 6.664 3,373 5,707 4,776 Total Investment Assets 29,493 All funds are unrestrlrted Approved by the Trustees on 27 June 2023
RUTHERGLEN BENEVOLENT FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 2 NOVEMBER 2022 l. During the year, the Trust made no grant payment5 for Christma5 Glfts 2. Ourlng the year, the Trust made a donatlon to Rutherglen Carers (Charity No SC027037l of £34,554.70 following a resolution to cease the charltsble activitie5 Of the fund.
Rutherglen Bene¥olent Fund 2022 Accounts Slgning Instructions-4 Copies miree to Narplan One to be retained by Macallansl sign pages 2 & 5 0 slgn page 5