Charity Number: SC020961
RALPH SLATER FOUNDATION
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
RALPH SLATER FOUNDATION
ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2025
| CONTENTS | |
|---|---|
| Page | |
| Legal and Administrative Information | 1 |
| Trustees’ Annual Report | 2 |
| Independent Examiner’s Report | 3 |
| Receipts and Payments Account | 4 |
| Statement of Balances | 5 |
| Notes to the Accounts | 6 |
RALPH SLATER FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees:
Address:
Slater Menswear 165 Howard Street GLASGOW G1 4HF
Charity Number: Independent Examiner:
SC020961
Johnston Carmichael LLP 227 West George Street GLASGOW G2 2ND
Page 1
RALPH SLATER FOUNDATION
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025
Current trustees
The trustees serving during the year and up to the date of signing these financial statements were as follows:
Principal office
The Trust operates out of:
165 Howard Street GLASGOW G1 4HF
The trustees present their report with the accounts of the Ralph Slater Foundation for the year ended 5 April 2025. This report is prepared in accordance with the Trust Deed, the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (the Regulations).
Constitution, objects and policies
The Trust, which is a recognised charity in Scotland, is operated under the rules of its trust deed dated 6 January 1993. The name of the trust was changed from The Slater Menswear Charitable Trust to Ralph Slater Foundation on 22 January 1998.
The principal objects of the trust are to assist in relieving poverty and disability, and to contribute to the advancement of education and religion. This is effected by means of charitable grants, donations and loans to causes chosen by the trustees.
Organisations and individuals apply for assistance from the charity. The trustees also give annually to several charity organisations.
Trustee remuneration and expenses
The trustees did not receive any remuneration or expenses during the year.
Trustee recruitment and appointment
New trustees are recruited and appointed by current trustee approval.
Achievements and performance
During the financial year, the trust made 46 (2024: 40) donations totalling £103,629 (2024: £75,371). All donations have been made to institutions. The main source of funds for the Trust is Slater Menswear, a company of which the two trustees are also directors.
Financial review
As a result of the surplus in the year of £1,475 (2024: deficit £25,160), the Trust has a surplus on its statement of Balances report at the year-end of £3,835 (2024: £2,360). Any reserves are to be used for future donations and loans by the Trust.
The Trustees’ report was approved by the trustees on ……………………. and signed on their behalf by:
Page 2
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF RALPH SLATER FOUNDATION
I report on the accounts of the charity for the year ended 5 April 2025, which are set out on pages 4 to 6.
Respective responsibilities of the Trustees and examiner
The charity’s 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 charity’s 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 2006 Accounts Regulations. 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:
-
(a) which gives me reasonable cause to believe that in any material respect the requirements:
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(i) to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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(ii) to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met; or
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(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Use of our report
This report is made to the charity's board of trustees, as a body, in accordance with the terms of engagement. My work has been undertaken to enable me to undertake an independent examination of the charity’s accounts on behalf of the charity's board of trustees 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 board of Trustees as a body, for my work or for this report.
Johnston Carmichael LLP Chartered Accountants 227 West George Street Glasgow G2 2ND
Dated:
Page 3
RALPH SLATER FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025
| Receipts: Donations Investment income Payments: Donations payable Bank interest and charges Surplus/(Deficit) for the year |
£ 103,629 |
2025 £ 105,000 181 105,181 103,706 1,475 |
2024 £ £ 50,000 285 50,285 75,371 74 75,445 (25,160) |
2024 £ £ 50,000 285 50,285 75,371 74 75,445 (25,160) |
|---|---|---|---|---|
| 50,285 75,445 |
||||
| 77 | ||||
| (25,160) |
All funds are unrestricted.
The notes on page 6 form an integral part of these accounts.
Page 4
RALPH SLATER FOUNDATION
STATEMENT OF BALANCES AS AT 5 APRIL 2025
| Bank and cash in hand Opening balance Surplus/(Deficit) for the year Closing Balance |
5 April 2025 £ 2,360 1,475 3,835 |
5 April 2024 £ 27,520 (25,160) 2,360 |
|---|---|---|
All funds are unrestricted.
The notes on page 6 form an integral part of these accounts.
The accounts were approved by the Board of Trustees on …………………. and were signed on its behalf by:
…………………………………….
Page 5
RALPH SLATER FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
1 Accounting policies
Basis of preparation
These accounts have been prepared under the receipts and payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and Regulation 9 of the Charities Accounts (Scotland) Regulations 2006 (the Regulations).
Income from donations
Donations are included in the year in which they are received, which is when the charity receives the resource.
Payments
The charity is not registered for VAT and accordingly payments are shown gross of irrecoverable VAT and are included in the year they are paid.
Investment income
Investment income represents income from bank deposits.
Donations paid
Represents the total of all donations paid in the year.
Trustee remuneration and expenses
The trustees did not receive any remuneration or expenses during the year.
2 Related party transactions Donations of £105,000 (2024: £50,000) were received from Slater Menswear. The trustees of Ralph Slater Foundation, , are directors of Slater Menswear.
3 Donations
46 donations totalling £103,629 (2024: 40 donations totalling £75,371) were made in the financial period in accordance with the charitable objectives of the Trust. All donations have been made to organisations. The recipients of the donations were supporting the charitable objects in respect of the following activities and projects were:
| Relieving poverty and disability Advancement of education Advancement of religion Closing Balance |
5 April 2025 £ 80,044 1,885 21,700 103,629 |
5 April 2024 £ 53,486 1,250 20,635 |
|---|---|---|
| 75,371 |
Page 6