2024-12-31-accounts

Dr Janet Eleanor Leng's Trust For St Mary Abbots

Charity Ref No: SC020380

Accounts for the year to 31 December 2024

Contents

Report by Trustees Report by Independent Examiner Accounts Notes to the Accounts Appendices of Investments

Thorntons Law LLP, Solicitors, Whitehall House, 33 Yeaman Shore, Dundee, DDl 48]

Telephone: [phone] Fax: [phone]

2

Dr J E Leng's Trust for St Mary Abbots

Report by Trustees for the year to 31 December 2024

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Date/Manner
Names of Trustees of Appointment
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Trustees are nominated by the then existing trustees and their appointment confirmed by formal Deed of Assumption.

Agents and Administrators for the Trust {and principal address of the Charity}

Thorntons Law LLP, Whitehall House, 33 Yeaman Shore, Dundee, DD1 4BJ

Note: Thorntons' fees for administration of the Trust are charged to the Leng Charitable Trust, as agreed with the Trustees of both Trusts.

Investment Managers:

Thorntons Investment Management Ltd, Whitehall House, 33 Yeaman Shore, Dundee, DD1 4BJ

Nominee Company:

Lawshare Nominees Limited, or such other nominee company as A J Bell Securities may appoint

Independent Examiner:

Walker Dunnett & Co, 29 Commercial Street, Dundee DD1 3DG

Charity Reference Nos.:

Scottish Charity No: SC020380

Constitution and Objects:

Deed of Trust by Janet Eleanor Leng dated 3 May 1989

Purposes: " .... assisting in the day to day maintenance and upkeep of St. Mary Abbots Church". Income (and, if necessary, Capital) of the Trust, prior to the Termination Date, is to be paid to the Vicar and Church Wardens for the above-mentioned purposes only.

The Termination Date shall be 31 December 2050 (or later if agreed by the Vicar and Church Wardens). On the Termination Date the Capital is to be made over to be applied for the general purposes of the St. Mary Abbots Church in whatever way the Vicar and Church Wardens think fit.

Organisation

The day-to-day administration is carried out by Thorntons, as agents for the Trust. The Trustees review all aspects of the Trust's affairs as and when required.

Activities and Achievements:

The trust continued its practice of making quarterly payments of £2,000 to St. Mary Abbots Church, in addition to the balance of unexpended revenue at the year-end date.

Financial Position:

The results for the year are set out on pages 5 and 6.

There has been a net increase of total funds during the year of £13,051 (3.4%) and an increase of revenue of £3,402 (10.3%). The trustees are satisfied that the Trust remains in a sound financial position.

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Dr J E Leng's Trust for St Mary Abbots

Report by Trustees for the year to 31 December 2024 (cont)

Investment Policy

There are no restrictions in the Deed on the trustees' power to invest. The policy is, long term, to adopt a medium risk investment strategy, including equity investments, to produce a balance of income and capital growth.

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Dr J E Leng's Trust for St Mary Abbots

Independent Examiner's Report to the Trustees of Dr J E Leng's Trust for St Mary Abbots

I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 5 to 7

Respective responsibilities of trustees and examiner

The 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 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 any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, 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

1. which gives me reasonable cause to believe that in any material respect the requirements:

2. to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations

have not been met, or

1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Walker Dunnett & Co

Chartered Accountants 29 Commercial Street Dundee 6 /

02 , 7'

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Dr l E Leng's Trust for St Mary Abbots

Receipts and Payments Account for the year ended 31 December 2024

Schedule/ Appendix Receipts Investment income Sch 1 Sale proceeds of investments App2 Total receipts Payments Charitable activities Sch2 Purchasecosts ofinvestments App2 Total payments Surplus/(Deficit) for year			2024 2023 £ £ 11,767 10,670 22,468 53,526 34l235 64196 10,670 10,708 20,163 53,581
			30l833 64 289 3l402 �93l

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Dr l E Leng's Trust for St Mary Abbots

Statement of Balances as at 31 December 2024

Schedule/ Appendix Cash on deposit and on hand Opening balance Surplus / (Deficit) for year Closing balance Reserves General Funds Investments Asvaluedat 31.12.24 App.1			2024 14,537 31402		2023 14,630 (93) 14 537 14 537
			171939
		171939 3811244
					371,595

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Dr J E Leng's Trust For St Mary Abbots

Schedule 1 Investment Income Dividends and interest, per Thorntons Investment Management Deposit interest, per Thorntons Schedule 2 Charitable Activities Distributions made in year - 27.03.24 St Mary Abbots Church, quarterly revenue payment 24.06.24 St Mary Abbots Church, quarterlyrevenuepayment 05.08.24 St Mary Abbots Church, balance of revenue at31.12.23 24.09.24 St Mary Abbots Church,revenuequarterly payment 20.12.24 St Mary Abbots Church,revenuequarterly payment Support costs Schedule 3 Statement of Revenue Balance Income received in year Charitable distributions Surplus/(Deficit) for year Balance as at 31.12.23 Balance as at 31.12.24	£ 2024 11,767 (10,670) 1,097 2,670 3,767			£ 11,731 36

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Dr J E Leng's Trust for St Mary Abbots

Notes to the Accounts and General Notes regarding the Financial Services and Markets Act 2000, Law Society Rules and related matters

Accounting Policies

The Accounts are prepared in accordance with the Charities Accounts (Scotland) Regulations 2006 (as amended)

Investment Managers

The Trustees approve the continued appointment of the Investment Managers as detailed in the Trustees Report section in these Accounts, and on the same basis as contained in the Investment and Financial Services Terms of Business Agreement currently in force.

Independent Examiner

The Trustees approve the appointment/continued appointment of the Independent Examiner as detailed in the Trustees Report section in these Accounts.

Nomineeship:

The trustees approve the appointment of the nominee company as detailed in the General Information section in these Accounts to continue to hold certain or all of the investments owned by the trustees, and that on the same basis as contained in the Investment and Financial Services Terms of Business Agreement currently in force.

THORNTONS INVESTMENTS Ptrfu(th).LthJTntsistlWPi¢XS IJPLiK117TA) LE01.2Lf25 1T2t23 thte". 31.12.1124 FA71610 BSJ60.51 ISEtXLOS731TJI s.￿1.[1) 4523. 168.02 ASTWENECA PLCORD 25 l￿D(LO989529> 104.rffj w ￿9y 19￿.10 14.123.17 BT GR(XJPORD<F41.r (SED(L WJ13571 1441251 5.I16.75 -3.49￿5 tty OFLo14[￿N INV (¥ID G￿.25 Z971 4.3125< 1181144 813.61 &78 ISEDOL.O1￿9} FIRSTSEPfflER NV FS (L LSTD INFRSTR B GBP D{FUPiJ".K24HK&fjI 3X542 2.34191 '.A 14.821.15 -17685 FUNDSMITH EQTY FD FiNDSIAITH EQUITY FIJND I DLS IFLTrlO BaMFi8G81 3.748 13.47D.01 24.1(fl. 10.6x149 HEl￿)ERsoN (X}sO￿){wO.2S (sE￿L0￿￿) 8.13 ( A7 11918.51 I924￿] ICG ENTERPRISE TRUOFIDGBFY>.10 13.iB¢W Is￿35.￿) 2.79D.&I 17.96 JANUSHENDERSON A4tr4KERS INVESTMEpifTRUST (SE￿L&14NDR3) 1.151 th525￿ 23.OX)m 14A5143 170.01 p[tERsTRATEG￿8[4D FUND I ITr￿ IFUhU"B544HM31 27 0.5221 IW 14.49162 14351.75 JUPITER urMTr￿S JuprtER JFW * Lf2 GBP DIS IFUNDBFFSBH8) 1Z5&fi.49 1.1SI ( 11321. 14XA 1.￿￿4 LE￿ & GENEW ￿ ORD GBFI) 025 3.142 3.879.49 1￿46 MI CFELVERTON EQTY CHELVERT(X4 UKEQ B D IFLND".B1FD6461 1W 1.ILWBIW 168M.68 4899.31 -14.64 POLAR CAP TECHTST CID GBPD.025 ISED(X.BR3YV261 7.12) 3.4￿< 1497.n 24ffjBI.40 .￿.67 611.44 Ri0￿￿[00RDGBFy).lo 410 4T.￿5 1 19￿.35 13.614.I3 L*.74 ISEtK)L1)7188751 ROy￿L LONtXX4 BD FDSFKNIT.TEFthI K￿y MASIKET Y{FLTr4D 63￿2Rz5l 24￿10.919 097YJ3(W ZJ.179.&3 23.411.37 S4RASIN FIJNDS IGVC SARASIN ¢ HIER DW P tIlS IFLMIDB￿ffiMj1 1Q187 .&fjAO &709 3B.19 9.￿)7 YJ.47261 35.175.S> 4.703 15.43 TRUST<sE[X￿BLDyK61)

roffT & LQe- Ch￿￿ SHELL (￿D EURO 07 24.7625( ISELKL'BFWL 13.ffi1.48 1&34325 161571 19.58 SSE PLC f£PO.S) 1SEtXX0Tr￿73j 16 i￿25 ¢W 819.75 9￿.75 135.82 UKIGovfoF) 1.25% 1Dx￿721llf￿7 I￿D(￿B128[￿j I1￿4 ￿￿329[ 11791_70 24.￿. 11.6B9 91.38 UNILEVER (XIO (￿￿).(L1111l ISEDCLBI(IIZP7) 5.4751 11.141. 5.LW To 257.779.7fj 331.24423 1214fyIA7 47.90

Appendix 2

Dr J E Leng Trust for St Mary Abbot's Year ended 31 December 2024

Investment Transactions

Purchases -

Date	Name
22/03/2024	Ml Chelverton Equity UK Eq Inc
13/09/2024	Polar Cap Tech Trust
10/10/2024	Jupiter UT Mgrs Japan Inc
	Royal London BD Short-Term Money Market
13/11/2024	First Sentier Inv Infrastructure

Disposals -
Date	Name
21/03/2024	Vodafone Group
31/05/2024	Ml Chelverton Equity UK Eq Inc
28/10/2024	WS Ruffers Diversified Return
31/12/2024	Royal London BD Short-Term Money Market

Qty	Transaction	Cost
5,154.93	Purchase	5,110.70
6,408	Subdivision	0.00
35.49	Purchase	41.66
10.919	Purchase	10.85
6,329.542	Purchase	15,000.00
		20,163.21

Qty	Transaction	Proceeds
4,759	Sale	3,214.64
0	Equalisation	22.52
19,600	Sale	19,230.92
0	Equalisation	0.14
		22,468.22