Wayfarer Trust
Report and Accounts For the Year Ended 5 April 2025
Scottish Charity Reference
SC 027212
Wayfarer Trust
Report and Accounts For the Year Ended 5 April 2025
| Contents | Page |
|---|---|
| Reference and Administrative Information | 2 |
| Report ofthe Trustees | 3 |
| Report ofthe Independent Examiner | 4 |
| Receipts and Payments Account | 5) |
| Statement of Balances | 6 |
| NotestotheAccounts | 7 |
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Wayfarer Trust
Report and Accounts For the Year Ended 5 April 2025
Reference & Administrative Information
Registered Address:
Wayfarer Trust Freswick Castle By Wick KW1 4XxX.
Scottish Charity No: SC 027212
Trustees and Management Committee
The following were trustees at the year-end:
(Chair) (Treasurer)
Independent Examiner:
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Wayfarer Trust
Report of the Trustees for the Year Ended 5 April 2025
The Trustees are pleased to present their report and the accounts for the year ended 5 April 2025.
Structure, Governance and Management
The Wayfarer Trust is a charitable trust set up and approved by the Inland Revenue in October 1997. The trust deed is held by Blair Cadell, 5C Breadalbane St, Edinburgh. The objects of the Trust are the advancement of the Christian religion, including pastoral care, education and protection of the environment, with an emphasis on the performing arts and other media, and making connections between those involved in the arts and the rest of society, not least younger people. The Trustees are solely responsible for the recruitment of appropriate people to serve as trustees and have currently an adequate number. Objectives & Review of Activities The Trust has continued to support the pastoral, educational and artistic work of Trust Director7 and Creative Director Anal Freswick Castle and its outreach to people in many other places, with support from the Lancaster Foundation,the Marion Gibson Trust and from supporters. Over the last year, visitors from all around the world have benefited from the hospitality and encouragement given in person at Freswick Castle, whilst many hundreds have benefited from videos and newsletters sent out regularly by The Wayfarer Trust, aiming to educate, encourage and inspire people in the world of arts and media, with a special emphasis on spiritual development and artistic excellence. The Wayfarer Trust also works with local Caithness people who share Trust objectives and has resumed its provision of a 'Wayfarer Fellow’ at St John's College, Durham University. and is currently in the process of establishing another fellowship at a Cambridge college. The aim of these fellowships is to provide creative and personal opportunities for artists to pursue their own projects whilst enriching the lives and experience of students. The Trust continues its operations in Edinburgh, hosting artist gatherings and events at The Old Schoolhouse, Morningside, partnering in these, where objectives allow, with Comerstone Free Church of Scotland (SC052057) and Edinburgh City Mission (SC050644).
Financial Review
Overall funds increased by £21,524 during the year (previous year decrease of £6,827). Full details of receipts and payments are shown on page 5.
The trustees acknowledge with thanks the donations of the many individuals, groups and charitable trusts whose support is essential to enable the work of the Trust to continue.
The Trustees have as yet no policy for maintaining reserves, due to the modest level of its operations, but this will be considered when necessary.
Signed on behalf of the Trustees:
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Be ioe
Report of the Independent Examiner To the Trustees of The Wayfarer Trust
| report on the accounts of Wayfarer Trust (the charity) for the year ended 5 April 2025, which are set out on pages § to 7.
Respective responsibilities of trustees and examiner
The Trustees of the charity, 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 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 | 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
-
which gives me reasonable cause to believe that in any material respect the requirements:
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@ 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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e to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
_ : ) °
mye
Wayfarer Trust
Receipts and Payments For the Year Ended 5 April 2025
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|---|---|---|---|---|---|
|Note|2025|2024|
|e|£|
|Receipts|
|Grant|income|from|Trusts|46,000|41,000|
|Donations|&|tax|recoverable|53,718|27,254|
|Loan|interest|3,300|3,600|
|Events|300|1,318|
|Other|income:|bank|compensation|250|600|
|Bank|interest|356|146|
|Total|receipts|in|year|103,924|73,918|
|Payments|
|Fundraising|costs|-|4,500|4,247|
|Payments|for charitable|activities|5|77,705|76,498|
|Governance|costs|
|Independent|examination|195|:|
|Total|payments|in|year|82,400|80,745|
|Surplus|/|(Deficit)|for year|21,524|(6,827)|
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Sis
Wayfarer Trust
Statement of Balances As at 5 April 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Bank & cash in hand | ||
| Opening balances | 15,777 | 22,604 |
| (Deficit) / surplus for year |
21,524 | (6,827) |
| Closingbalances | 37,301 | 15,777 |
| Assets Loanmz M tor vehicle |
65,000 1,582 |
65,000 2 1 9 |
|---|---|---|
| GiftAidclaim | 3,364 | 10,750 |
The accounts on pages 5 to 7 were approved by the trustees on 15 November 2025 and are signed on their behalf by:
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Chaii “ :
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Wayfarer Trust
Notes to the Accounts For the Year Ended 5 April 2025
4: Basis of accounting
The accounts have been prepared on a receipts and payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
2; Nature and purpose of funds
Unrestricted funds can be used in furtherance of any of the charitable objects at the discretion of the trustees. A single unrestricted fund is maintained for the day to day operations of the Charity.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
All funds during both years were unrestricted.
3. Trustees' Remuneration
No emoluments were paid to the trustees during the year and no expenses were reimbursed to them.
4.
5
| Fundraising costs | Projects& | Trust | Total | Total |
|---|---|---|---|---|
| Activities | Management | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Fundraising fees | 4,500 | - | 4,500 | 4,247 |
| Charitable activities | Projects & | Trust | Total | Total |
| Activities | Management | 2025 | 2024 | |
| £ | £: | £ | £ | |
| Director's fees | 16,000 | 2,000 | 18,000 | 18,000 |
| Marketing & Publicity | 4,834 | 1,500 | 6,334 | 7,140 |
| Projects & Activities | 35,652 | - | 35,652 | 35,503 |
| Office running costs | - | 644 | 644 | 961 |
| Vehicleexpenses | 961 | 500 | 1,461 | 426 |
| Courses & Ministry at Freswick Castle | 15,260 | - | 15,260 | 14,014 |
| Estate & Garden | 302 | 302 | 162 | |
| Othercosts (including Bank charges) | - | 52 | §2 | 292 |
| 73,009 | 4,696 | 77,705 | 76,498 |
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