Wllllam Munro Tru•t for Church Soottl•h Chartty No SCQ23201 Annud R•port & Flnandd 8t•twn•nts F•r th•Y•v End•d O Aprfl 2 Wllll•m TrngtfarAn•u Chuveh Tnwl•••' Annuil Rwt Forth• Ywr End•d S P•rll %124 Thg tru*oos hwo in pr888nllng thetr rwjrt ioptherwllh IhB flnwK*I &atwngnts and thg tr￿QF￿ant wimlneffs rnport fortho ended 5 Aprfl 2¢Y24. R•f•rwK• a AdmInl•trall￿ InfOrn￿On eharlty N•rn• Wllam m￿r0 Trust forAtrM¥ C*u Chvlty No Mumi & Noblg, 26 Strqrt Invom855, IV11HX 8truthr• fffl•rnonc• & M4nAg•m•nt The Charlty18 a th•rftabl• tru8t a Iiwrod s￿￿tt¥h Chartty sot w urvJ•rth• win of thp I Wlllam Munro. *•polnlm•nt oFTN•t• Tho tnmtoeo do nui have to Dggk r•gprdthwnt ￿•r. Cknrllzbl• purp¢¥•e• wrpoEe. as Biatoxl In th• do￿. io lo IKld o ontrholl•h•r• ofth• rwldu• from o*t8 of Wllllam m￿rD a￿1 tg p¥y tho ann￿1 iwom• th•r•ofto the cwgrytlDn ofAln•* Chur (rf ScotLqnd or to *y tr￿¢ frng hr Iho of th• 8akl cwGreytkJn or Its mlnl* fcf tho tlm bgln• W• have d)wluto •• to how much of the Incamo IJ pold ovw •rnl hrm mueh Is so appNed. Wo are enlldod to •ppty thg IncoTh for th• ethnc•rn•nt oflh• sdary oflho mlnl8tsr In quothn Ghould wo ￿)n￿d0r tt appr4Ylat• and dMlrabl• In wlh th• Cttffjmpatlonal Board of ManogThnt Qr other or b(rt1100 •tt•ndlrg to thg MAn￿Orn8￿t ofih• s•kl thry8gallon. A01MU￿ •xlkn•nts a P•forni•nc• In Iho ￿r. tror• was ono mThnl of £3J17A8 m•J•lo th• cry•￿1￿0n ofAh•88 Chur¢h of SoolLgr•J12¢Y23- no POyTMnts). Wlllam Munro Tnmt for Church T￿•t￿8. Annuil R•port Forth• Y￿r End•d S Aprfl 2024 Flnanclal R•vlff Our msAn sowEo5 d inwme fuThdirwd continues b be divldond8 and Intsrn8t from jnve8tm￿tr. R•coipts from tro8e 8our¢48 wore £8,928 {2023 .' £5,318). PaYrr￿nts frGYn irKomv vmre £5,491 {2023 '. £18) the majority of this being lh• payments to the COngregat￿n olAlnes$ Chur¢h of Scallllnd whKh rAn(￿rrted to £3.317. There YAS a QU￿lUS for the yoor gn Income Df £1,437 (2023 ,' lu￿ul of £5,300). R•••rvw Pollcy The tru8lees' pdry li to k•ap r•s•rvo8 of hcome fvrKl# to a rnlnlmum and to spend the income rocelved durlng tho year. As a ￿Ul1 of the surplus of£1,437 on incomq tha TnMt hold wicema fvndi 01£1039 at th• yaar end. Plan• for Fuknrn P•rfo Thè tN8tae8 con8id8r Ihat tnveslment Income to b? roc•Tv•d durfng 1h8 forthcomlng ￿r*, VAII onable the Trust to ¢))nb'nue ts> make payments Irom the free wnual Inco￿ to Alne88 Church or SCI￿1and, at ab￿rt tM 8arne IMI ae In Pr￿1￿• Y￿1& Approv￿ by the tru5t8e8 on S and ligned on thek b•half by.. Illam Munro Trust for Alnu• Chur¢h Indwnd•nt ExamlMrf• R•port Forth• Y•ar End•d 6 Awll 2024 Ind•p•nd•rt Ex•miMV• Roport to th• TN8t••8 of tho Wllll•m Munro Tntht forAn*• Church I rawt on tho lnancl818taloments of the Ch￿tylOr the s•ar end•J 5 Apru 2024. aro 801 (xrt on pHg8s 4 to RwpKtlv• l••pon￿bIlItl￿ of Tr￿t￿$ and Ex￿kner The charivs truBtee8 are rn8pon8lblo for pyoparauon of ts s￿oUnts In ac¥a)rdane8M4th th8 t•rniJ 01 thg Ch8rKbg and Trust•a IrNeitment (ScollAnd) Act 2005 (Ihe 2W5 Acr) end tho Ch8rlUo$ ))unts (Scolland) Regulations 21Th (a8 afflénd*AY) (Yhe 20￿ Raaulatlonv). Tha charW8 1ru8t886 con¥ldw t￿1 fv audlt Nukemènt of Réuulatlon 10(1Xd) of the 2(K16 Rwulatlons doe8 nol apWy. It 15 rny rwsponaiblty to examine the accounts as requlred under SOGtion 44(1)(c) of tho 2(#J5 AGt and to 4tato whether pgrthxlar maiter8 have come to my attgnvon. B•Bl• of Ind•p•nd•nt Ex•nln•ts 8t•t•m•rrt My Oxamlnailon Is c•rfled In 8ccaydanc* RryuLatknn 11 of th8 2008 Regulallons. An mlrth Indud88 a of thè accounung r8cordB kept by tho charfty and a o)mpatson of tho accounts presented wllh those reoords. It also IndUd￿ wn¥￿traI10n ol unu8ual item8 or dlsdo8ur8s in th• aox￿ntS and 8••k8 0xplana￿On8 from tho tru81081 c(xKémkng iny wch matto Tho Proc￿lUr0$ undertgken do noi all the eVkIer￿ Ih&t b8 r￿Uired in an aKlit arKJ. ¢c￿88ql￿n￿y, I do not exw886 ¢)plnlon on the4 glv•n by the aceount8. knd•p•nd•nt Exumln•h 8tat•m•nt In ￿nnoC110n wlth my gxomlnotlon, rKJ m#tt•r ￿me to my attantbn... 1 vthkh me rea￿nabl• ¢w8• to beibm. thal. In any mterfal rejrt tho requlremenls:. to k•ep accunlirvJ reLxYd5 arKI cornply *ilh Regulat#￿ 9 of *tr• the 2008 Rogulatloro have rK)t beon met. or 2 to whloh. In my opinion. att•ntion shpLAd be drvafft ri arder to enebfe a Fyoper under8taThllw of t￿ accou￿6 to b8 re8th0d. Wllllwn Munrv Tnwt for Aln•M Chun 8t*•m•nt of R•c•lpts and Paym•nts - Forth•Y•v End•d S Aprfl 2024 2Wd4 2023 R•odpt8 DI￿d￿KIl from knv8•lméntJ Inter05tfrorn In￿StrnPn Ba￿¢ Intere•l 1184 Z117 17 77 928 5.318 l>roe•ed• from •al• of kThwlments 42.336 44528 Tolal R•o•lpt• 846 Inve6trnont management C4)Bt8: Fo81 to 8t(*klxok8rn Paymenls for ctArttabl8 actlvM188'. Payment• to CPwroh (* S¢Jol•rKI. AIrn• varnBnca costs: F80 for admlnlstratlcn Fee for Imng tho foo Fe? for preparatlon of accounts Totsl pvamanc8 72 rc*A80 of in¥06trnent8 44113 Tatsl Paym•rrt• 55,308 53,gJ2 {Daficlt}for th• y• {6,042) 14,0661 I fund8 v• •nd¢7•mient fuThJ6 The NO￿ O form en Integral pwt of th880 aLrounts Wllbam Munro Tru•tforAknou Church 8tatwn•nt of B•l•now- A• •t O Aprll 2024 2024 Fund• R•canelllatlon Cash al Bank & In Hand - W4R023 (DaficltySLrplus for the >ezr 1&178 (V421 19,234 (4,050) Ca•h at Bank & kn Hand- 01112024 9.136 15,178 B•nk a ¢￿h Balanoa• Bank DepDJIt A￿￿Unt Depo8lt Account StocklY¢kwi 897 2.239 7.1581 7,817 9.136 10.178 Invo6kngnts (at markat value) 302,170 2n,002 Llabllltl•• All funds are erKIM8nt fund Th8 Nola8 on p8g8 e form an Integr81 W of I￿00 ￿￿Urth. bythe tru8tee6 on 3 d eigr*d on tlkryr boh*F by.- Tmllwn Thmt fDr Aln•M Churth Not•• tr• th• A¢¢ounl•- For th• Y•v End•d 5 Aprll 2024 1 B••l• ol Aooounti Tlwo x¢ounts hav• beon ryeparod on the Reoolpts & bo81s In aC￿[danC4 wrh th• Charilié8 & Tru8ts0 Inv•8knont (8cotland) kt 2005 •nd th• C*artdM Al>))￿ (Scoilandl ReQU￿1￿)n3 20￿ {a8 amend￿). 2 R•lal•d P•rty Trnn••Bllon• trufjt••8 dld Thjt any r•mun¥atlon or tnJ8t••8. Munro & Not40, 8 Ilmi In *thich ag￿ts, ¢*wged In rnaperl of al ￿trkCoMe or oth￿￿&, durf th• r slmFlyforxlkng aB parb)w8, 88 tr￿1r a 00 legal athI80r tknrffj th8 >Bor th8 tru8t krfxjrred exvJnd￿rn of£1,332 In 0th1￿stratIOn feel lo MLmro & Nr*l•. At 5 Aprfl 2024 tr£ Tnjst (T￿id £818 to Muvo & Nobl8. 3 Mawmont In Endmgnt FWKI In¢m Ciph•l Totsl Inctym C•plto1 &823 &Iy28 3.184 2,117 17 1184 2.117 17 44528 Intsr•Bt frun inv•8bm• Bank wrfernst frurn so18 of Inv851rnents 42,th8 42,33 Tot•1 R•c•lpts 928 42.&38 49364 S.318 44.E28 P•ym•nt• Foo8 to stoc*brokws Payments lo chI￿h of8¢odan 1317 914 24 1,238 3,317 FOB for thlnlilJakn Fo• for ￿Ing th• 8Lx>w F•0 for ￿p￿st￿On of 80￿Untr Purth•80 of Inv•#tments 418 12 2M72 44,123 44,123 50,044 6,491 49.815 1 S 51884 Surplu¥JlDofidt) fry 1.437 (7.4791 (1,142) 5.30D (9.3 (4C 8slanea8 at 81wt oftheyaar 7,102 15,178 1,802 17,432 19,234 811￿ 01th•￿r 9,136 7,102 15,178