**REGISTERED COMPANY NUMBER: SC107364 (Scotland) REGISTERED CHARITY NUMBER: SC016873** Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 November 2024 for The Lendrick Trust Drummond Laurie CA Unit 5 Gateway Business Park Beancross Road Grangemouth FK3 8WX The Lendrick Trust Contents of the Financial Statements for the Year Ended 30 November 2024 ||Page| |---|---| |Reference and Administrative Details|1| |Report of the Trustees|2 to 3| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Financial Statements|7 to 12| |Detailed Statement of Financial Activities|13 to 14| The Lendrick Trust Reference and Administrative Details for the Year Ended 30 November 2024 ## **TRUSTEES** ## **COMPANY SECRETARY** ## **REGISTERED OFFICE** Lendrick Lodge Brig 'o' Turk Callander Trossachs FK17 8MR ## **REGISTERED COMPANY NUMBER** SC107364 (Scotland) **REGISTERED CHARITY** SC016873 **NUMBER** ## **INDEPENDENT EXAMINER** Drummond Laurie CA Unit 5 Gateway Business Park Beancross Road Grangemouth FK3 8WX Page 1 The Lendrick Trust Report of the Trustees for the Year Ended 30 November 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The principal charitable purposes of the Lendrick Trust are:- To support and improve the mental, physical and spiritual health of individuals through complementary and holistic approaches. Our aim is to support individuals who are restricted financially or in other ways.Individuals can approach the Trust to apply for support. We facilitate scholarships for a certain amount of people each year, the amount of people we assist determined by the amount of money raised each year. Our goal is of equal opportunities on the path of spiritual and personal growth. Scholarships can be used for courses, retreats, respite, counselling, seminars or teacher training. To advance public education in the practice and principles of Yoga, Acupuncture, Reiki, Meditation, relaxation techniques, cancer care, counselling and support and other holistic therapies. ## **Significant activities** Our goal is to raise public awareness of alternative methods and techniques that can support the health, well-being and happiness of people. We offer advice and information about complementary therapies to support the other choices available. At Lendrick Lodge we meet many people in need of support and love. The Lendrick Trust reaches many people who would otherwise be restricted from this path. As the saying goes, ‘Give a person a fish, and you feed them for a day; give them a fishing rod and you feed them for life’. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Charitable activities** Our goal is to empower people so that they can heal, grow and stand on their own feet. The charity is a compass to guide people on their true path. ## **FINANCIAL REVIEW** ## **Financial position** The financial resources received by the Lendrick Trust in 2024 remain sufficient. This is detailed in the accounts provided. Financial surpluses are shown in all accounts. From these resources the charity funds all its work, staff and employment costs and principal charitable activities. ## **Reserves policy** The Reserves policy operates to ensure that the charity has means to cover operating costs. The Trustees make donations to other charities following budget planning, listed above. All the agreed financial commitments to other charities for the year were met. The full details of Lendrick Trust accounts and activities are provided in the accountant's inspection report attached. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Induction and training of new trustees** The trustees review the make up of the board on a regular basis to ensure that there is a comprehensive representation of the knowledge and expertise the charity requires to carry out its charitable purpose and fulfil the governance requirements of the board. Page 2 The LetKbick Tn￿t of tlie TnLStees fortlie y￿.El￿ed 30 Noi'exnber 2024 RtskmAnAg@Jnent The trnstees hai"e a thty to idelltify and ieirye￿, tbe risks to whickn the charity is exposed and to ensure appmpriate controls are in place to proiide reasollable as5Ut￿Ce against fraud alld ￿rOr. Approi"edbY￿der ofthe boatd of tsiLStees on 19 August2025 at]d on its bet￿lf by.. Pa8¢ 3 Ide aideiit Exati]iner's R Tlie Leiidn'ck Tn]st to the Tntstees of I report oil the a¢counts for the year ended 30NoNember 2024 set out on pages fiN'e to twelN'e. RespÈctli'e respoDslbllltles of trllstees alld @xamlller The charlty's thistees are respotisible for the preparation of the aceoullts ill accordattce with the tertns of the Clwities and Tn￿tee lllKeslment (Scotlalld) Aet 2005 alld tbe CharAties Aecoullts (Scot￿ld) Re8ulations 2006 (as ajnellded). The charitys th￿teeS consider tbat the aiidit reqlljre￿ent of Re8lllation 10(I)(a) to Ic) of the Acco}￿ts Re8uJatioiis does not apply. It is my TeS￿￿$1b￿lty to exati)ine the accollllts as reqllired utider Section 44{1)(cl of the Act atid to stste ￿hether particular ll￿tterS hai"e Come to my attention. Basis of the iDdependeDt @￿￿]￿er,8 report My exan)iiiation was earried out lli accord￿lce witli Regthatlon I l of the CkuuJ"lies Aceount5 {Scotland} Regulatioi]s 2006. kni exaniillatioll Lllclude5 a rei-lew of tlie acco1￿111]g rec￿￿5 kept by the and a coniparison of the account5 presellted Th'itli tl)ose records. It a150 iiicludes coiisideratioii of 8Jiy uniisual iteills or di5c1051wes ll) tlie accoiuit5. aiid seekllig explaiiations froiii yoii as Iruslees COEicemiiig ariy siicli iiiatter5. Ttie ￿￿ced￿￿eS widertakeii do iiot proi'ide all Ilie ei'ideiice i1￿1 would be requllEd ui ati audit, ￿ld coiisequa)Ily I do not express audit opiiuoii oil tlie i-iem, 811.￿1 by Ilie accowil5. IDdependènt e￿￿1￿￿1"$ $lAitrmeDI III ¢OlllIe¢ii￿i willi ii)y ex￿111[1a¢io1i. iio matterhas ¢ori* to iny afteiition.. (11 which gives me reasonable cause to beliei'e that. in any material re4)e¢i, requiren)eni$ to keep a¢cowiftnB records in accordance with Sectson 44(1)(a) of the 2(K)5 Act and Regulation 4 of the 2006 Accounts Regulatio1￿. and to prepare a¢¢owiis which accord with the a¢¢ountin8 re¢ord$ ￿ld to cO￿pIY N'ith Re8ulation 8 of the 2006 A¢coutits Re8ulatioi hoNe not been mel: or (21 to M'liicli. iti i?iy opiiiioii. attentioi) slioLild be dr8wii iii older to enAble a proper underst￿)dIn8 of the accowils lo be ie rtere Accoilljlaiits of Scoiland Unil 5 Gat¢way B￿]nts% P Bea￿([085 Road G￿lS￿￿Ollth FK3 8WX 2110812025 Date.. Pa8¢ 4 The Lendrick Trust ## Statement of Financial Activities for the Year Ended 30 November 2024 |Statement of Financial Activities
for the Year Ended 30 November 2024|||| |---|---|---|---| |||30.11.24|30.11.23| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies||1,910|2,378| |Other trading activities|2|24,433|20,692| |**Total**||26,343|23,070| |**EXPENDITURE ON**|||| |Raising funds|3|11,241|5,730| |**Charitable activities**|||| |Bursaries||14,191|16,827| |Other||259|344| |**Total**||25,691|22,901| |**NET INCOME**||652|169| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||1,404|1,235| |**TOTAL FUNDS CARRIED FORWARD**||2,056|1,404| The notes form part of these financial statements Page 5 The LetKbick Tn￿t Balaxice Slieet 30 Noi'eniber 2024 30.11.24 Uurestsxted fimd 30.11.23 Totsl Notes Tat]8ible assets 775 1.032 CIIIRENT ASSETS Stock5 Cash alb￿ 10 997 2.083 775 257 3.080 1.032 CRED￿oRs Amoutits fallui8 duewithin one ytar (1.799) (660) NET CURRENT ASSETS 1.281 372 TOTAL ASSETS LESS CiWiENT LL4BILITIES 2.056 1.404 NET ASSETS 2.056 1.404 12 Uiwe5tticted fi￿dS 1.404 TOTAL FUNDS 2.056 1.404 The chariiable eonipany is eniitled to exenipiion from audit under Seeii¢)n 477 of the C¢)mpaThie$ Act 2006 for the year ended 30 Nw'ember 2024. The members hai"e not required the COMp￿)Y to obtain an audii of its financial statements for the yeoJ ended 30 Nmejnber 2024 in accordance with Section 476 of the Con)panies A¢t 2006. ie tsustees athioM,led8e dieir respthisibilities f (a) ensiwu)8 tliat tlie charitable ¢ompany keeps accountin8 re¢ords that ¢omply with Se¢tion$ 386 and 387 of the Coi)Ipaiiie5 A¢t 2006 And pr¢pariiis fu￿11¢101 slat¢iii¢iils wliicli 8iN'¢ a tnw ￿)d fair I'i¢w of Ilie stale of affairs of tlie ¢liarilable ¢0114)￿lY a$ at Ili¢ ald of eacli fiiHi¢ial year ￿)d of its si¥yliLS or d¢fi¢il for ¢h¢li fill￿)¢1?1 yeai. ui a¢¢ord￿l¢¢ willi tlie Teqiiiraiiaits of Se¢lioii$ 394 ￿ld 395 ￿ld wlii¢li otlienvis¢ ¢oiiiply witli rtie reqilireiiiaits of Ili¢ collip￿lieS Act 2006 relalui8 to ful￿1¢Aal statellient$. $0 far a$ applicable lo tlie clwitable coiiipany. (bl These fill*llicial State￿entS liave been prepared in accordance with the proNisions applicable lo charitable companies subject to the sn)all Co￿panieS resi￿e. The fiEwcial slateEneiits were approved by the Boatd of T￿￿tee5 alld authorised for issue oll 19 Au8usi 2025 and were Sl8lled Oll Its behalf by.. Theiiotes formpart of th¢$¢ fina￿181 $tst¢ments Pa8e 6 The Lendrick Trust Notes to the Financial Statements for the Year Ended 30 November 2024 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 25% on reducing balance - Fixtures and fittings 15% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 33% on cost Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition. The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value. ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 7 The Lendrick Trust Notes to the Financial Statements - continued for the Year Ended 30 November 2024 ## **1. ACCOUNTING POLICIES - continued** ## **Provisions** Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material. Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. ## **2. OTHER TRADING ACTIVITIES** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||30.11.24|30.11.23| ||£|£| |Sale of audio media and books|17,843|16,176| |Course fees|6,590|4,516| ||24,433|20,692| ## **3. RAISING FUNDS** ## **Raising donations and legacies** ||**Raising donations and legacies**|||||| |---|---|---|---|---|---|---| ||||||30.11.24|30.11.23| ||||||£|£| ||Support costs||||655|491| |**4.**|**SUPPORT COSTS**|||||| ||||||Governance|| |||||Finance|costs|Totals| |||||£|£|£| ||Raising donations and legacies|||655|-|655| ||Bursaries|||629|715|1,344| |||||1,284|715|1,999| ||Support costs, included in the above, are as follows:|||||| ||||||30.11.24|30.11.23| |||Raising||||| |||donations||||| |||and|||Total|Total| |||legacies||Bursaries|activities|activities| |||£||£|£|£| ||Sundries|655||-|655|989| ||Bank charges||-|629|629|649| ||Accountancy and legal fees||-|715|715|660| |||655||1,344|1,999|2,298| continued... Page 8 The Lendrick Trust Notes to the Financial Statements - continued for the Year Ended 30 November 2024 ## **5. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||30.11.24|30.11.23| |---|---|---| ||£|£| |Depreciation - owned assets|257|346| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023. ## **7. STAFF COSTS** The average monthly number of employees during the year was as follows: |The average monthly number of employees during the year was as follows:||| |---|---|---| ||30.11.24|30.11.23| |Administrative|1|1| |No employees received emoluments in excess of £60,000.||| |**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||| |||Unrestricted| |||fund| |||£| |**INCOME AND ENDOWMENTS FROM**||| |Donations and legacies||2,378| |Other trading activities||20,692| |**Total**||23,070| |**EXPENDITURE ON**||| |Raising funds||5,730| |**Charitable activities**||| |Bursaries||16,827| |Other||344| |**Total**||22,901| |**NET INCOME**||169| |**RECONCILIATION OF FUNDS**||| |Total funds brought forward||1,235| ## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** continued... Page 9 The Lendrick Trust Notes to the Financial Statements - continued for the Year Ended 30 November 2024 ## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** ||||||||Unrestricted| |---|---|---|---|---|---|---|---| ||||||||fund| ||||||||£| ||**TOTAL FUNDS CARRIED FORWARD**||||||1,404| |**9.**|**TANGIBLE FIXED ASSETS**||||||| ||||Fixtures||||| |||Plant and|and||Motor|Computer|| |||machinery|fittings||vehicles|equipment|Totals| |||£|£||£|£|£| ||**COST**||||||| ||At 1 December 2023 and||||||| ||30 November 2024|1,590|5,032||300|2,328|9,250| ||**DEPRECIATION**||||||| ||At 1 December 2023|696|4,894||300|2,328|8,218| ||Charge for year|223||34|-|-|257| ||At 30 November 2024|919|4,928||300|2,328|8,475| ||**NET BOOK VALUE**||||||| ||At 30 November 2024|671|104||-|-|775| ||At 30 November 2023|894|138||-|-|1,032| |**10.**|**STOCKS**||||||| |||||||30.11.24|30.11.23| |||||||£|£| ||Stocks|||||997|775| |**11.**|**CREDITORS: AMOUNTS FALLING DUE**||**WITHIN ONE**||**YEAR**||| |||||||30.11.24|30.11.23| |||||||£|£| ||Social security and other taxes|||||17|-| ||Other creditors|||||180|-| ||Accruals and deferred income|||||900|-| ||Accrued expenses|||||702|660| |||||||1,799|660| continued... Page 10 The Lendrick Trust ## Notes to the Financial Statements - continued ## for the Year Ended 30 November 2024 ## **12. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||| |---|---|---|---| |||Net|| ||At|movement|At| ||1.12.23|in funds|30.11.24| ||£|£|£| |**Unrestricted funds**|||| |General fund|1,404|652|2,056| |**TOTAL FUNDS**|1,404|652|2,056| |Net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|26,343|(25,691 )|652| |**TOTAL FUNDS**|26,343|(25,691 )|652| |**Comparatives for movement in funds**|||| |||Net|| ||At|movement|At| ||1.12.22|in funds|30.11.23| ||£|£|£| |**Unrestricted funds**|||| |General fund|1,235|169|1,404| |**TOTAL FUNDS**|1,235|169|1,404| |Comparative net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|23,070|(22,901 )|169| |**TOTAL FUNDS**|23,070|(22,901 )|169| continued... Page 11 The Lendrick Trust Notes to the Financial Statements - continued for the Year Ended 30 November 2024 ## **12. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| ||At|movement|At| ||1.12.22|in funds|30.11.24| ||£|£|£| |**Unrestricted funds**|||| |General fund|1,235|821|2,056| |**TOTAL FUNDS**|1,235|821|2,056| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
as follows:|||| |---|---|---|---| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|49,413|(48,592 )|821| |**TOTAL FUNDS**|49,413|(48,592 )|821| ## **13. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 November 2024. Page 12 The Lendrick Trust Detailed Statement of Financial Activities for the Year Ended 30 November 2024 |Detailed Statement of Financial Activities
for the Year Ended 30 November 2024||| |---|---|---| ||30.11.24|30.11.23| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|1,910|2,378| |**Other trading activities**||| |Sale of audio media and books|17,843|16,176| |Course fees|6,590|4,516| ||24,433|20,692| |**Total incoming resources**|26,343|23,070| |**EXPENDITURE**||| |**Other trading activities**||| |Opening stock|775|760| |Merchandise|7,073|5,254| |Teacher fees|3,735|-| |Closing stock|(997)|(775)| ||10,586|5,239| |**Charitable activities**||| |Wages|10,800|11,092| |Social security|232|-| |Pensions|320|-| |Repairs and renewals|180|338| |Light and heat|-|497| |Postage and stationery|-|343| |Bursaries|1,315|2,750| ||12,847|15,020| |**Other**||| |Plant and machinery|224|298| |Fixtures and fittings|35|46| ||259|344| |**Support costs**||| |**Finance**||| |Sundries|655|989| |Bank charges|629|649| ||1,284|1,638| |**Governance costs**||| |Accountancy and legal fees|715|660| This page does not form part of the statutory financial statements Page 13 The Lendrick Trust Detailed Statement of Financial Activities for the Year Ended 30 November 2024 |Detailed Statement of Financial Activities
for the Year Ended 30 November 2024||| |---|---|---| ||30.11.24|30.11.23| ||£|£| |Total resources expended|25,691|22,901| |**Net income**|652|169| This page does not form part of the statutory financial statements Page 14 ## Minutes of the Trustees Annual Report. Thursday 28[th] August 2025 ## Lendrick Lodge, Brig O’ Turk, Callander FK178HR Meeting opened 7.15p.m chair - ## **Accounts** Drummond Laurie CA, Unit 5 Gateway Business Park, Beancross Road, Grangemouth, Stirlingshire, FK3 8WX. Report of The Trustees and Unaudited Financial statement for the year ending 30[th] November 2024 for The Lendrick Trust ## **Activities for generating funds** |Sale of merchandise|£17843| |---|---| |Donations|£1910| |Guest course speaker (annual fund raiser)|£6590| |Total income|£ 26343| |Total expenditure|£ 25691| ## **Trust Activities** Selling the meditation scarves has proven to be a successful way to generate income. The arrangement of paying once we have sold a batch has worked well within the budget of the charity. The scarves are Tibetan wool, and we aim to continue this relationship with our UK supplier. The selling of journals/ drums, rattles/incense continues to generate monies for the bursaries. We also sourced more items for our small shop from Holistic Trader and again this is working well. The Trust had a raffle which was drawn in December with each ticket costing £10. The prizes were donated for the attendance of certain courses to help with mental and physical well-being. We were able to raise £1510 for the trust and want to thank Lendrick Lodge for kindly donating so generously to help. kindly agreed to run his Annual Fund raiser weekend, and this was successful raising £6590. is a long term supporter of the aims of our charity and his seminars are always enjoyed and valued. ## **Bursaries** The Trust was able to provide bursaries for 10 individuals to attend various courses to support their emotional/mental and physical wellbeing. Without this support these individuals would not be able to attend. We constantly hear how these weekends transform their lives and how grateful they are to receive the support. ## **Process for new Trustee members** A new document was prepared to ensure that any new trustee member would have access to - Our governing document - Our last annual report and accounts - The minutes form the last two board meetings - And any other relevant information regarding the services that The Lendrick Trust offers ## **Moving Forward** Our focus is to keep generating ways of increasing funds easily within the time /cost constraints. The Meeting was adjourned at 8.20p.m (Trustee & Secretary)