MISS MARGARET BurrERS REEKIE CHARtrABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 8 APRIL 2024 ScolSH CHARITY NUMBER: SC024696
MISS MARGARET BUThERS REEKIE CHARITABLE TRUST CONTENTS Page Legal and administrative information Trustees, report Independent auditor's report to the trustees Statement of financi31 activities Balance Sheet Notes to the finaneial statements lo-ls
MISS MARGARET &urrERS REEKIE CHARITA8LETRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Re8lstered Charlty Number SC024696 Prlncbpal ofllce Lindsays Solicitors Caledonian Exchange 19A Cannlng Street Edinburgh EH3 8HE Auditor MHA 6 St Colme Street Edinburgh EH3 6AD Solicltors Lindsays Solicitors Cèledonian Exchange 19A Canning Street Edinburgh EH3 8H£ Investment managers Charle5 Stanlev 2 Multrees Walk St Andrews Square Edinburgh EHI 3DQ
MISS MARGARET 8UThERS REEKIE CHARITABIÉ TRusr TRUSTEES, REPORT For the year ended 8 Aprll 2024 Introductlon The Trustees present their report and the financial statements for the year ended 8 April 2024. The financial statements have been prepared in accordance with the actountin8 policie5 Set out in note I to the financial statements and comply with the Trust's Deed of Trust, the Charities and Trustee Investment Iscoilandl Act 2005,. the Charities Accounts (Scotlandl Regulations 2006 las amended) and "Accountin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencin8 from I January 20191. Ob5ertlves, actlvltles and irant-mak5ni pollcv The objectives of the Trust are to donate funds for such charitable purposes as the Trustees may select, bearing in mind Miss Reekie's express wish that her Trustees support and encourage charitable causes related to medScal research, in particular cancer and other related illnesses, and the alleviation of pain and 5ufferin8 amongst ihe elderfy and infirm. In addition, Miss Reekie asked her Trustees to support charltable cause5 based in Scotland or which undertake most of their work In Scotland. Most of the grants 3W3rded by the Trustees are to charities involved in the support of the ill, In parlicul?r cancer sufferers, or medlcal research. Achlevemenls •nd perforrnance During the year the Trustees agreed to make grants to 2012023: 161 charities totalling £126,55012023.. £126,0fy)I,. details of the reciplents are shown In note 4 to the financial Statements. There are two rant commitments which remain unpaid at the year-end.. EIO.O(N) due to Postnatal Depression 8orders and £2,5CIO due to The R05ebery Centre. These amounts are included with note5 8 and 9 to the financial statements. Fln•ncl•l revlew The results for the year are set out in the Statement of Financial Activities on page 8. The total income reteSved by the Trust during the year amounted to £157,72612023: £152,655). With expenditure of £134,60312023.. £137.0651, there was net income before gains and losses on investments of £23.123 12023.. net income of £15,590). Net gains on investments for the year amounted to £228,75912023.. losses of £168,081), resulting in net income for the year of £251,882 12023.. net expenditure of £152,491). All funds held by the Trust are unrestricted. The value of these funds held as at 8 April 2024 amounted to £4,935,44412023.. É4,683,5621. The Trust's free reserve5, defined as those unrestricted reserves not tied up in fixed as5et5, wa5 £143,82012023.' £118,167). The Trustees are satisfied that adequate funds were available at the year end to continue to fulfil the charitable objectives of the Trust. Reserves pollcv The Trustees regard the investments as their funding base the purpose of which is the generate income. They are also aware of the need to promote capital growth in order to secure the lonser-term future of the Trust. It is the polity of the Trustees to distribute the Trust's annual investment income in the form of grants or donations. It is anticipated that any surplus Income at the end of the year would be distributed in ihe following year.
MISS MARGARET BurrERS REEKIE CHARITABLE TRUST TRUSTEES. REPORT Icontlnuedl For the year ended 8 Apr512024 Investment pollry In accordance with the Trust Deed, the Trustees have ihe power to invest in such stocks, shares, Investments and property in the United Kingdom or abroad as they in their sole discretion think fit. The Trustee5' investment policy is geared towards 3 balanced return between capital and income. The Investment5 were managed by Charles Stanley throughout the current year. Rlsk rnana8ement The Trustees have considered the major rlsks to whi¢h the Trust 15 exposed and have established systems and procedures to manage Ih05e risks. The principal risk faced by the Trust lies in the performance of its investments. The Trustees consider variability of investment returns on the listed Investment portfolio and loss of value as a major financial risk. This is mitigated by retainin8 expert Investment managers and having a diversified investmeni portfollo. Structure. iovernance and manaqemenl Governlng do¢ument The Trust is governed by its Deed of Trust dated 3 April 1996 and reg551ered the 8ooks of Council and Sesslon on 27 May 1997. The Trust is a Scottish Charity, No. SC024696. The Trustees who served during the year are set out on page l. Appolntment ol Trustee5 The first Trustees were appointed by Mlss Reekle under the Trust Oeed. The Trustees have app¢inted their successors by Oeed of Assumption. Trustees, IndurtSon and tralnlnl New Trustees under80 instruction to brief them of their le8al obligatlons under charity law. Or8*nlsatlonal strurture The Trusiees are responsible for the administrative affairs of the Trust and carry out their admlnlstrative responsibllitles vla Llndsays Solicitors. plans for th• lutur• The Trustees are minded to carry out a review of the present arrangement5 foT the administration and management of the Trust and may consider making an application to OSCR for permission to wlnd up the Trust and to distrlbute its assets.
MISS MARGARET BUTTERS REEKIE CHARITA8LE TRUST STATEMENT OF TRUSTEES, RESPONS181UTIES For the year ended 8 Apyll 2024 The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kin8dom Generally Accepted Accguntin8 Practice). The law applicable to charities In Scotland requires the Trustees to prepare financial statements for each financ131 year which give a true and fail view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that year. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently; ObSee the method5 and principles of the Charity SORP 2019 IFRS 1021- make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare financial statements on a going concern basis unless it is inappropriate to presume that the Tru51 will continue in operation. The Trustees are responsible for keeping sufficient accounting records that dlsc105e with reasonable accuracy at any time the financlal positlon of the Trust and enable them to ensure that the financial statements comply with the Charities and Trustee Investment Iscotlandl Act 2005, the Charltles Accounts (Scotlandl Regulations 2006135 amended) and the provislon5 of the Trust Deed. They are also responsible for Safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularities. Approved by the Trustees on 28 lune 2024 and signed on their behalf by..
Independent Audltoes Report to the Trustees of the Mlss Margaret 8utters Reekle Charitable Trust Oplnlon We have audired the financial statements of The Miss Margaret Butters Reekie Charitable Trust Ithe 'Charitl for the year ended 8 April 2024 which comprise the statement of financial activitie5, the balance sheet and note5 to ihe financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Finoncial Reporting Stondard opplicable in the UK ondRepublic of Ireland (United Kin8dom Generally Accepted Accountin8 Practice). In our opinion the financial statements: gNe a true and fair view of the rtate of the tharivs affairs as at 8 Aprll 2024. and of it5 incoming resources and application of $oUrCes, includin8 i($ incorne and expendrtUTe, for the year then ended have been proper prepared in accordan with United Kln8dom Generally Accepted Accounting Practice,. an have been prepared in accordance with the requirements of the Charitles and Trustee Investment Iscotlandl Act 20J5 and re8ulation 8 ofthe Charit$ Accounts Ikotlandl Regulation$ 20)6. 8asls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responslbilities for the audit of the financial statements seclion of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, includin8 the FRC'S Ethical Standard, ond we have fulfllled our other ethical responsibilities in accordance with these requirements. We believe ihat the audit evidence we have obtalned is sufficlent and appropriate to provlde a basis for our opinion. ConelusSon5 relatln8 to i0Sng concern In auditing the financial siarements, we have concluded that the Trustees, use of the going concern basis of accountln8 In the preparation of the financial statement5 is appropriate. 8ased on the woik we have performed, we have not identified any material uncertainties relatlns to events or condltlons ihat, individually or collective. may cast significant doubt on the Trust's abi1Sty to continue 35 a going concern for a perlod of at least twelve months ffom when the financial Statements are aLbthorised for issue. Our responsibilities and the responsibilities of theTru5teeswith respe to golng concern are described in the relevant sections of this report. Other Informat5on The other information comprises the information included in the Trustees, Report, other than the financial statements and our auditorfs report thereon. The Trustees are responsible for the other information contained within the Trustees, Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicit 5t3ted in our report, we do not expre55 any form of a55UTance conclu5i0n thereon.
Independent Audltorfs Report to the Trustees of the Mi55 Margaret Butters Reekie Charitable Trust Other Information (continued) Our responsibility is to read the other information and, in doing so. consider whether the other informotion is materially inconsistent with the financial statements or our knowledEe obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material rni5Statements, we are required to determine whether this gives rise to a material misstatement in the financial Statements themselves. If, based on the work we have performed, we conclude that there is a material mi55tatement of this other information, we are required to report that fatt. We have nothing to report in this regard. Matters on which we are required to report by emception We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotlandl Regulations 2006 requires us to report to you if. in our opinion.. the information given in the finanaal ststements 15 inc0Stent in any material respect with the Trustees, Report,. or proper accounting records have not been kept; or the financial statements are not in agreement wr(h the accounting records,. or we have not receNed all the information and expknations we require forouraudtt. Responslbilltles of trustees As explained more fully in Statement of Trustees. Responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for Such internal control as the trustees deterniine is necessary to enable the preparatlon of financlal statements that ère free from material misstatement. whether due to fraud or error. In preparlng the financial statements. the Trustees are responsible for 3sse5sing the charitls ability to continue as a going concern. disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditorf5 responslblllties for the audft of the financial statements We have been appointed as auditor under sertion 44llllcl of the Charities and Trustee Investment (Scotlandl Act 2005 and report in accordance with regulations made under that Act. Our objective5 are to obtain reasonable assurance about whether the linancial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exi5t5. Mi5Statements can arise from fraud or error and are tonsidered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decision5 of user5 taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detert material misstatements in respect of irregularities, including fraud.
Independent Audltorfs Report to the Trustees of Miss Margaret Butter5 Reekie Charltable Trust Audltor's respon51bllltles for the audlt of the flnanclal statements l¢ontlnued} The specific procedures for this engagement and the extent to which these are capable of detectin8 irregularities. including fraud is detailed below.. Enquiry of management and those charged with governance around actual and potentlal itlgation and claims,. Enquiry of charity management and those charged with governance to identify any instantes of non-compllance with laws and regulations,. Performing audit work over the rlsk of mènagement overrlde of controls, Includlng the testin8 of journal entries and other adjustments for appropriatenes5, evaluating the rationale of significant transactions outside the normal course of the charity's activitie5 and reviev41n8 accounting estimates for bias,. Reviewlng Minutes of meetlnB5 of those charged wlth governance,. Reviewlng financial statement disc105ures and testln8 to supporting documentation to assess compliance with applicable laws and regulatlons. Because of the Inherent limitatlons of an audit. there15 a risk that we wlll not detect all irregularities, ncludin8 those leadin8 to a material misstatement In the financial statements or non-complSance wlth regulation. This risk increases the more that compllance with a law or regulation 15 removed from the events and transactions reflected in the financlal statements, as we wlll be less Ilkely lo become aware of Instance5 of non-compliance. The risk is also greater regardinB irregularitles occurTlng due to fraud rather than error, as fraud Involves Intentlonal concealment, fofgery, colluslon, omlssSon or misrepresentatlon. A further descrip¢lon of our responslbilities is avallable on the Financial Reporting Councll's website at.. htt www.frc.or rsre Ilties. fhis descriptlon form5 part of our auditorfs report. Use of our report Thls report Is made solely to the charitV'S trustee5, as a body. in accordance wlth Regulation 10 of the Charities Accounts (Scoilandl Regulations 2006. Our audlt work has been undertaken so that we mi8ht State to the charity's trustees those matters we are requlred to state to them in an audltor'5 report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responslbllSly to anyone other than the charity and the charlty's trustees as a body, for our audit work, for this report, or for the opSnions we have formed. MHA Statutory Auditors 6 St Cglme Street Edinburgh EH3 6AD 28 June 2024 Eliglble ro oct 05 on audltor in tem75 of Section 1212 of the Compt7nies Act 2006 MHA is the trading name of Maclntyre Hudson LLP, a limited Ilability partnershSp In England and Wales (registered number OC3123131
MIS5 MARGARET BUThERS REEKIE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES For the year ended 8 April 2024 Unrestricted Unrestrlrted funds funds 2024 2023 Notes Income from: Investrnent incoffle 157.726 152,655 Expendlture on: Raising funds Cost of charitable actlvitles 2.529 132,074 1,231 135,834 Total expendSture 134,603 137,065 Net Infome before zalns and lomes on Invemments 23,123 15,590 Net 8alns/llosse51 on investments 228.759 1168,0811 Net Income Ilexpendlturel and net movement In funds 251.882 1152,4911 Fund balances at g April 2023 io 4,683,562 4,836.053 Fund balances at 8 Aprll 2024 io 4,935,444 4.683,562 The Statement of financlal actlvltles includes all gains and losses re¢ognised in the ye3r. All Intome and expenditure derlve from continuing actlvities. The notes on pages 10 to 15 form an integral part of these financial statements.
MISS MARGARET BUER5 REEKIE CHARITABLE TRUST 8ALANCE SHEÉT For the year ended 8 Aprll 2014 8 April 2024 8 Aprll 2023 Notes Fixed asset5 Investments 4,791,624 4,565,395 Current assets Debtor5 Cash held by Lindsays Cash held by Charle5 Stanley 18,450 142,723 1.171 22,133 120.145 6,367 162.344 148,645 Credltofj: am¢unts falliry due withln one year 118.5241 120,478 Net ¢urrenl a55ets 143.820 128,167 Totsl assets less current Il•bllltles 4.935,444 4,693,562 Credltors: amaunts fallln8 due In mole than one year iio,0001 Net a$5ets 4.935,444 4.683,562 Funds Unrestrlcted lunds io 4.935,444 4,683,562 Thf* financlal ¢r?t•mpniS w•r• ?ODrryvpd bv th Trustees on 28 June 2024. The notes on pages 10 to 15 form an integral part of these financial statement5.
MISS MARGARET BUTTERS REEKIE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the year ended 8 April 2024 Accountlng pollcles The si8nifitant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to èll years presented unless otherwise stated. (•) General Informatlon and basls of pffeparatlon The Miss Margaret 8utters Reekie Charitable Trust is an unincorporated charitable trust, registered in Scotland. Scottlsh Charity Number SC024696. The address of the registered office is 19A Canning Street, Edinburgh. EH3 8HE. The financial statements are prepared on a golng concern basls under the historical cost convention, modified to include certain items at fair value. The financial statements are presented Sn Sterling which is the functional currency of the Trust and rounded to the nearest The Trust meets the delinltion of a public benefit entlty under FRS 102. The flnancial statements have been prepared in accordance with Accountin8 and Reporting by Charities.- Statement of Recommended Practlce applicable to charities preparing their linanclal siaremenis in accordance wilh the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard appllcable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities and Trustee Investment (Scotlandl Act 2005. the Charities Accounts (Scotlandl Regulation 2¢JJ6 la5 amended) and UK Generally Accepted Accounting Practice. Ibl Golng concern The fin#nclal 5taternent5 have been prepared on a 8oin8 concern basi5 as the Trustees belleve that no material uncertainties exist. The Trustees have consldered the performance and financSal position of the Trust and the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The expected income and expenditure is sufficient with the level of reserves for the Trust to be able to conlinue as a going concern. Trustees are currently considering the possible wind-up of the Trust. If agreed, appropriate beneficiaries for the Trusvs assets would be sought. As all of the assets held are either investments ol cash. Trustees do not believe any adlustments are needed to current carryin8 values. Income All income is recognised once the Trust has entitlement to the income, it is probable that the income will be reteived and the amount of income can be measured reliably. Income from investments is included in the year in which it is receivable and when the amount can be measured reliably. Interest on funds held on deposit is included when receivable,. this is normally upon notification of the interesi paid OT payable by the Bank. Dividends are recognised once the dividends have been declared and notification has been received of the dividend due. io
MISS MARGARET 8urrERS REEKIE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS For the year ended 8 Aprll 2024 Accounting pollcies {dl Expendlture Expenditure 15 re¢ognlsed once there Is a legal or constructive obligation comrnittln8 the Trust to that expendlture, It 15 probable that settlement will be requlred and the amount of obligation can be measured reliably. Expenditure is accounted for on an accruals basls and has been classified under headings that aggregate all cost5 related to the category. The Trust Is not registered for VAT, therefore expenditure includes irrecoverable VAT. Expendlture on ralslnB funds Includes costs assoclated with generatlng income from the Trust through its investment portfolio. Charitable expenditure comprise5 those costs incurred by the Trust in the delivery of its grant maklng activities. 11 includes both cos15 which can be allocated directly to such actlvltle5 and those costs of an indirect nature necessary to SLJpport them. Expenditure on grants is recorded once the Trust has made an unconditbonal commitment to pay the grant and thls Is communicated to the beneficiary or the 8rant has been pald, whichever is the earlier. Support costs are allocated between governance costs and other Support costs. Governance costs include these costs a550tlated with meeting the constitutional and statutory requirements of the Trust and include the statutory audlt fee5 and costs linked to strateglc management of the Trust. Other support ¢05ts relate to the admlnistrative costs of runnSng the Trust. {el Investments Investments are a form of basic financial Instrument and are initially recogni5ed at Ihelr transaction value and subsequently measured at their falr value as at the balance sheet date Uslng the tlosln8 quoted market prlce, The Statement of Financial Activities Includes the net galns and1055e5 arlsing on revaluation and disposals throughout the year. Reallsed galns and losses on Investments are calculated as the dlfference between sales proceed5 and their openln8 carrying value or their purchase value if acqulred subsequent to the first day of the financial year. Unrealised gains and Ios5e5 are calcul6ted a5 the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financlal Activitie5. The main form of financial risk faced by the Trust IS that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentlment concernlng equities and within particular sectors or sub sectors. li
MISS MARGARET BUThERS REEKIE CHARITA8LE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI For the year ended 8 April 2024 Accounting pollcles Icontlnuedl Debtor5 Debtors are measured at their recoverable amount and included when reasonable certainty exists over their receipt. Prepayments are valued at the amount PTepaid. Igl Cash at bank and In hand Cash at bank and in hand include5 cash and highly liquid short-term investments Wlth a maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Ihl Creditors and provlslons Creditors and provision5 are recognised where the Trust has a present obligation resulting from a past event ihat wlll probabfy Tesult In a transfer of funds to a third party and the amount due to settle the obligation c3n be measured or estimated reliably. Creditors and provisions a normally recognised at their settlement amount due. Flnancial Instruments The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognlsed at transaction value and 5ubsequer4tly measure at that settlement value. Fund accountlng Unrestricted funds are those funds that can used in accordance with the objectives of the TrL+St at the discretion of Trustee5. Investment Income Unrestricted Unrestricted funds fLtnds 2024 2023 Income from listed investments 8onk interest 152,547 5,179 150,770 1,885 157.726 152,655 Ralslng funds Unrestrirted Unrestrirted funds funds 2024 2023 Investment managers. fees 2,529 1,231 12
M155 MARGAREf BurrERS REEKIE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI For the year ended 8 April 2024 Charltable actlvitles Unrestrieted Unrestricted funds funds 2024 2023 Donatlon5 made ACCORD Hospice 8atten Disease Family Association Beatson Cancer Charity BLESMA Borders Chronic Pain Service Bowel Cancer UK Camphill-Rudolf Steiner Schools Ltd Cancer Support scotland Care for Carers Care and Repair Edinburgh Combat stress Dr Bell's Family Centre Eric Liddell Community Erskine Hospital Glasgow's Children Hospice Greenock Medical Aid Society Ftearing Dogs for Deaf People Highland Hospice Home Link Family Support My Name'5 Ooddie Foundation Pain Association Scotland PATCH Post Natal Depre5510n 8order5 Read for Good Scotland's Chority Air Ambulante St Andrews H05pice St Columbi3 Hospice St Margaret of Scotlan(fs Hospice St Columba's H05pice St Vincent's H95pice Teenage Cancer Trust The Lavender Touch The Prince & Princess of Wales Hospice The Rosebery Centre 5.000 5,000 7.650 5,800 io,ocw) 5,000 5.000 5,lJ)O 5,000 5.000 5,000 5,¢)00 10,000 5,000 iO,CNJo 10,000 5,000 4,200 io.ocKJ 30,000 2,400 5.000 10.000 10,000 5,¢)00 6,000 10.000 10,000 6.000 5,000 10.000 2,500 Total awarded in the year Amounts written back the year 126.550 15.0001 126,01)0 Total donations 121.550 126.000 13
M155 MARGAR BurrERS REEKIE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 8 April 2024 Charltable expendlture Unrestricted Unrestrlcted funds funds 2024 2023 Total donatlons 121,550 126.000 Support costs Secretarial, legal and admlnlstratlon costs Trustee meetin8 COStS Governance costs- audit fee 4,500 4.220 136 5,478 6,024 10.524 9,834 Total expendlture 132,074 135,834 Trustee5' remuneratlon and expenses The Trust has no employees. No Trustee12023.' one) received reimbursements for Meetin8 expense5 in the year12023.. £1361. No Trustee received any remuneration In the current or prior year. Investments 2024 2023 Market value At 9 April Additions at cost D15P05al proceeds Gainslllossesl on revaluation 4,426,710 149,041 156.3011 228,759 4,531,766 298.946 1235,9211 1168,0811 L5sted investrnents Cash held in the portfollo 4.748,209 43,415 4,426,710 138,685 At 8 Aprll 4,791.624 4.565,395 Hlstorlc cost 3.404,854 3,345,573 The followin8 investments comprise more than 5% of listed investments.. JP Morgan Asset Managers UK 4SG,853 Henderson Europe Focus Trust 371,280 AVI Global Trust PIC 277.270 475,840 317.220 Debtors 2024 2023 Accrued income 18,450 22,133 14
MISS MARGARET BUTTERS REEKIE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI For the year ended 8 Aprll 2024 Credilors: amounts falllng due wlthln one year 2024 2023 Othei creditors Accruals 12,500 6,024 15,000 5,478 18,524 20,478 Credltors.. amounts lalllng due after more than one ye•r 2024 2023 Other credllors 10,000 10 Movement In funds Gainsl 110ssesl At 9 Aprll Income Expenditure At 8 April 2023124 Unrestricted 4.683,562 157,726 1134.6031 228,759 4,935,444 Galnsl 11055e51 At 9 Aprll Income Expenditure 2022123 At 8 April Unrestricted 4,836,053 152.655 1137,0651 1168.0811 4,683,562 11 Related party transactlons Secretarial and administrative services amounting to £4,5(M)12023'. £4,2201 were provided bv Lindsays Solicitors, a firm in whlch Trustee. Callum Kennedy. is a Partner. 12 Non atsdlt servlces In common with many other charities of our size, we use our auditor5 to assist with the preparation of the tinancial statements. 15