MRS. SARAH ARBUCKLE'S TRUST REPORT OF THE TRUSTEES AND RECEIPTS AND PAYMENTS ACCOUNT WITH STATEMENT OF BALANCES FOR THE YEAR ENDED 31 MARCH 2025 MRS. SARAH ARBUCKLE'S TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Receipts and Payments Statement of Balances Notes to the Financial Statements Report of the Independent Examiners MRS. SARAH ARBUCKLE'S TRUST TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Scottish Chanty Number.. SC016048 Current Trustees Recruitment and Appointment of Trustees There were no other Trustees during the year. Any additional or replacement Trustees will be appointed by the existing Trustees if the need arises. Contact Address Clo Carruthers, Curdle, Sturrock & Co. Solicitors, 1 Howard Street. Kilmarnock. Ayrshire, KA1 2BW. Governing Document The founding document of the Trust is Ihe Testamentary Trust Disposition and Settlement of Mrs. Sarah Finnie or Arbuckle, dated 23 December 1911 and registered in the Books of Council and Session on 14 February 1919. was a widow who resided at Ann Bank, London Road, Kilmarnock. Charltsble Purpose The purposes of the Trust are (Firstly) to augment the stipend of the Minister of the Laigh Kirk, Kilmarnock, and (Secondly) at the discretion of the Truslc)es, to benefit la) various activiti within the congregational work of the Laigh Kirk I expressed the desire that Sabbath Schools and the Dorcas Society should bL, LILIIL, I, Ib) the Scottish Bible Sociéty and West of Scotland Bible Society (which no longer exists} and (c) various schemes connectad with the work of the Church of Scotland nationally either at home Of abroad. Activlties and Achievements The income of the Trust Is composed of dividends, interest etc., collected on the investmeht portfolio and on the bank account. It is ariticipated that future income will remain fairly consistent from year to year, depending on the performance of Ihe investment portfolio. This is kept under review by Evelyn Partners, Glasgow. Regular reports are provided by the investrnent managers and these are duly considered by the Trustees with a view to balancing investment growth with the Income requirement of the Trust. During the year the Trustees have been able to augment the stipend of the Minister and support various organisations and projects connected to the New Laigh Kirk, Kilmarnock, as detailed in Note 1. to the Accounts. MRS. SARAH ARBUCKLE'S TRUST TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Remuneration and Expenses During the year under review Legal and Administrative F￿S of £1,680 for the year ended 31 March 2025 were paid to Carruthers, Curdle. Sturrock and Co. Reserves The Accounts set out on pages 3. to 5. show the financial posrtion as at 31 March 2025 a￿1 the receipts and payments of the year. The Truslees anticipate a conlinuation of Grants along the same lines in future and will continue to administer both the income and the expenditure ol the Trust In accordance wrth established piactice. Approved by the Trustees and signed on their behaff by. MRS. SARAH ARBUCKLE'S TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Receipts Sale of Investments Income from Investments Bank Interest received 96.477 17,366 218 27,160 16.687 149 Total Receipts 114062 Payments Payments for Charitable activrties.. Donations (Note 1) Purchase of I nvestments 95 750 26 461 Governance Costs. Legal & Administration Fees - Carruthers, Curdle. Slurrock & Co. 1.680 1.680 Investment Management Fees 3,009 2,835 Independent Examiner's Fee - Gilmour Hamilton 540 540 Total Governance Costs Total Payments 115479 46016 Deficit for Year All funds are unrestricted. MRS. SARAH ARBUCKLE'S TRUST STATEMENT OF BALANCES AS AT 31 MARCH 2025 2025 2024 Bank Balance Opening Balance Oeficil for Year 13.063 15,083 Closing Balance Reserves General Funds Investments (Note 2) Listed Investments at market value Liabilities Governance Costs All funds are unrestricted. Trk ?pp! -? •*eir behalf by.. 2 i Ivli4y 21J25 MRS. SARAH ARBUCKLE'S TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 DONATIONS Donations made in the year were as follows: 2025 2024 Minister New Laigh Kirk- Maintenance of Ministry Sunday School Giving to Grow Care for the Elderly Youth Organisations Outreach Activity I Instrument Fund Trekkers Little Seeds 2.000 1,000 1.500 2,000 1,000 500 2,500 3.000 1,000 2,000 2,000 500 Scottish Bible Society INVESTMENTS The Investments were valued by Evelyn Partners, 177 Bothwell Street. Glasgow, G2 7ER. INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MRS. SARAH ARBUCKLE'S TRUST I report on the Accounts of the Charty for the year ended 31 March 2025 which are set out on pages 3. to 5. This report is made solely to the Charity's Trustees, as a body, in accordance with Section 44 of the Charities and Trustee Investment (Scotland) Act 2005. My examination has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity,and the Charity's Truslees as a body, for my examination. for this report, or for the opinions I have formed. Respective responsibilities of Trustees and Examlner The Charity's Trustees are responsible for the preparation of the Accounts in accordance With the Terms of the Charrties and Trustee Investment {Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Charity Trustees consider that the audit requitsment of Regulation 10(1) Id) of the Accounts Regulations does not apply. It is my responsibility ID examine the Accounts as required under Section 44(1) (c) of the Act and to state whether particular matters have come to my attention. Basls 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 trom the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audrt and consequently I 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: which gives me reasonable cause to believe that in any material respect the requirements.. (a) to keep accounting records in accordan￿ with Seclion 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MRS. SARAH ARBUCKLE'S TRUST {b) to prepare Accounts which accord with the accounting records and compty With Regulation 9 of the 2006 Accounts, Regulations have not been met, or to which. in my opinion, attention should be drawn in order to enable a proper understanding of Ihe Accounts to be reached. 27 May 2025