Firefox about.'blar THE LAVERACK MEMORIAL TRUST REPORT AND UNAUDITED FINANCIAL STATEMETrtrs FOR THE YEAR ENDED 31 OCTOBER 2024 Sco￿]sH CHARITY NUMBER SC023036 l of7 10107.12025. 13=06 Fir¢fox about'.blank THE LAVERACK MEMORIAL TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Charity Number- SCOZJ036 Contents Paga Trustees. Annu￿ ReF)Ort Independent Exarniner's Report to the TrLtstees Statement ol Raceipts 8md Payments Stat8m8nt of B￿anC•S Notgs to the Accounts 2of7 1010712025. 13.'06 THE LAVERACK MEMORIAL TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2024 Reference and Admlnlstratlve Inlormatlon Scottish Charity Number: SC023036 Operational Address: Mavisbank, Farnell, Brechln, Angus Administrative Address: Bleak House, 41 Park Road, Windermere, Cumbria, LA23 2DJ Bankers- Lloyds TSB Bank, 12 Church Street. St. Andrews, File Independent Examiner: Jonathan L. Adamson, Hender50n Black & Co, Chartered Accountants, Cheslney House, 149 Market Street, St. Andrews, Fife. KY16 9PF Trustees The following persons have served during th8 year and since th8 year end., Giles K. Laver2ck Neville M. Laverack Julia K. Lavgrack Eunice G. Cameron Chistopher D. Todd Oblecls and Charltable purposes The principal object of the charity, as expressed in the deed ol trust. is lo advance education and scientific knowledgè in the lialds ol art therapy and marinè biology. In furthèrance thgreof, lh8 trLJsI provid85 SUPPOrt for waclical arts and science projects by funding research, comrnL5nity and other worthwhile projects. Struclure, Governance and Management Th8 charity was formed on 14 August 1994 under a deed ol trust. Charitablè status was achleved from 14 August 1994 by a letter from HM Revenue & Customs ated 8 November 1994. The charity is administered by the trustees. The day io day administration is carried out by Truslee Neville Laverack who also acts as Secretary of the charity. The trustees have a procedure for the recruitment and induction of new trustees. Risk Management The trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the charity, and are salisfied that appropriate measures have been put in place to mitigate the charity's exposure to the major risks. Review of the Activilies and Achievements No awards were made during the year. The trustees aim to identify suitable applicants for donations in the fulLJf8. THE LAVERACK MEMORIAL TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 OCTOBER 2024 Future Developmenls The charity aims to make substantial donalions to individuals in future years. Reserves Policy The statement of balances shows the unr8stricled funds ¢arried lo￿ard. The trustees are sallsfied that the total amounting lo £25,505 {2024 - £25,434) is suff icient glven the requirernent to carry adequate funds lo me8t th8 ongoing work of the charity and are suitable accessible should suilable grant giving opportunities arise. Investment Policy and Performance The deed contains no specific investment powers bul the truslees are authorised lo invest or retain funds not immediately spent. Any cash balances not immediately required are held in interest earning accounts to obtain a reasonable rate of Interest with minimal risk Although small, the trustees are satisfied with the interest earned on the balances on deposit during the year due to Ihe flexibility of access to funds. Statement of Trustees, responsibilities The trustees are responsible for keeping woper accounting records, which disclose with reasonable accuracy at any time the financial position of the charty and enable them lo ansurè that the financial statements. which they are rosponsible lor preparing, comply with the Charities Accounts (Scotlandl Regulations 2006 las amended) and the terms of the charity's Conslitulion. The applicable law also sets out thè responsibilities of the trustees for the preparation and content ol the Annual Report. Approved by the trustees and signed on their behaw by.. Julia Laverack, (Trustee) 10 July 2025 Firefox about:blank INDEPENDEKf EXAMINER'S TO THE TRUSTEES OF THE LAVERACK MEMORIAL TRUST FOR niE YEAA ENDED 31 OCTOBER 2024 I report on the financial slalements ol the charity for th8 year ended 31 CkloQ)er 2024 which are set out on pages 4 arKI 5. Re8P9Ctivo R8sponslbllhles of the Trwstggs and Examlnor The charty's trustaes arg Tesponsible for th8 preparation ol th8 accounts in accordance with the terms ol the Gharities and Trustee Investment Iscgilandl Act 2005 Ilhe 2005 Acri and th8 Charities Accounts {Scottandl Regulations 2006 las amende￿ llhe 2006 Règulaiionsl. Tho chaTtty's trustees cortsider that the aLKlit requirgment of Regulation 1011lldl ol the 2006 Regulations does nol appty. It is my responsibility to examine the accounts under sectior) 44{1 Ilc) of the Acl aTKI to state whether pa￿cL}I￿r matters have come lo my attention. This report is made to the trustees, as a body, in accordance with the terms of my engagement. My work has b88n undertakèn so that I might statg to the trustees thosa matters l am required to $tale lo them in an ind8pendent examiner's rep)rt and for no other PU￿0$¢. To the fullest axtenl pemitted by law, I do not accepl oi assume responsibility lo anyone oth8r than the chaTtLy and tha trustees for my work or for this report. Basls ot Ind•pndont Examlner's Siatémènt My 8xamination is carried out in accordance with RegulalSon 11 of ihe 2006 Regulations. An examination indudes a review of the accounting records kept by the charity and a compari50n of the accounts presented with those r9cards. It also includes consideration of any unusual items or di$closurgs in thg accounts, and seeks 8xplanations frown the trustees concerning any 8uch matters. The procedures undertaken do not provtde all thè eviden¢e that WOU￿ be required in an audit, and consequenty, I do nol express an audit opinion on thè view given by the accounts. Independent Examlnef s Statement In the course of my examinalion no matter has come lo my attonlion: which gives me reasonable cause to believe Ihal in any rnater1￿ respect I requirements: to keep accounting records In accordan￿ with Section 44 {1lla} ol th8 2005 Act and Regulalion 4 of the 2006 Regulations, and to prepare accounts which accord with th& accountirwj records comply with Regulation 9 01 the 2006 Regulations haw2 nol been mel, or 2. to which, in my opinion. attèntion shoukt be drawn in ordor lo onable a woper understanding ol thè accounts ts be Teach￿. Jonathan L Adamson CA Partner Henderson Black & Co ehartgi8d Accountants Chesth•y House 149 Market Stro St Andr8ws. Fif KY16 9PF 10 July 2025 5of7 1010712025. 13'.06 Firefox about'.blank THE LAVERACK MEMORIAL TRUST STATEMENT OF RECEIPTS AND PAYMENrs FOR THE YEAR ENDED31 OCTOBER2tr24 2024 2023 Re¢elpts Bank intereat 294 71 71 Govemance Co8￿. IrKIBP8ndent examinertg feè 114 114 Surplus lor ihg year 71 I funds are unrestitcted The notes on pa￿ 5 lorrn an inlegral part of these aceounts STATEMENT OF BALANCES ASA T31 OCTOBER2024 Funds reeonelllatlon Cash at bank in hand brought lowvRrd Surplus lor thè year Cash ai bank and In hand carriéd lorward 25,505 25,4&34 71 25.685 25,505 Bank and cash balan¢68 Bank current account Bank d8PQSit a￿oUnt Uabllhlès Iunré$tri￿ed lundl lttlependenl examinerfs fees 60 I funds are tNKe5tricted Approved bythe trustees on 10 July 2025 and $i￿ed on their bahalf by.. Julla Laverack (Trusts&l 6of7 10'07'2025. 13'.06 Firefox aEM)ut'.blank THE LAVERACK MEMORIAL TRUST NOTES TO THE FINANCIAL sTATElAE￿rs FOR THE YEAR ENDED 31 OCTOBER 2024 1. Aceountlng Pollcles a) Basls of Accountlng Th8se accounts have been prepared on the Receipts & Payments basis in accordan￿ with the Charities & Trustee lTrvestrnenl {S¢odandl Act 2005 and the Charities Accounts (Scotland) Regulation5 2006 (as amended). b) Taxatlon Charitabl8 Status was obt￿ned from HM Revenue & Customs on 14 August 1994 and no provision has been made for payment of I￿atiOn in the financi￿ statements. c) Ro¢èlpts Income from donations is ir￿luded when recelved arKI applied to unrestrict￿4 furKls unl&ss oihefwise SP8cilied by the donor. d) Paymants Charitab19 paym9nts are made in fvrtherance ol the charitable objects. 2. Employee$ Trnsl88s and Remuneratlon The charity had no employees during the ye￿. No expenses w8r8 paid to or reimburs8d to Iru51ees (2023 £nonpl. No remuneratton was p￿d to tnJsl8es {2023 £nonel. 7of7 1010712025, 13=06