2024-11-04-accounts

MARGOT AND ANDREW TENNANT 1996 CHARITABLE TRUST

ACCOUNTS

FOR

4 NOVEMBER 2024

CHARITY NUMBER SC027218

RITSONS

Chartered Accountants 103 High Street Elgin IV30 1EB

Page 1

Margot and Andrew Tennant 1996 Charitable Trust

Trustees' Annual Report and Accounts for the year ended 4 November 2024

Scottish Charity Number SC027218

Current trustees

Contact Address

103 High Street Elgin Moray IV30 1EB

Governing document

The trust is a charitable trust which was set up in 1996 by in memory of his wife Margot Tennant and is administered in accordance with the trust deed.

Trustee recruitment and appointment

The trustees are family members and any new trustees have to be approved by the existing trustees.

Charitable purposes

Our purposes, as recorded in our trust deed, are to provide funds for the relief of poverty, sickness and distress, the promotion of medical research, the promotion of the arts, the advancement of education, the conservation and protection of the natural environment and endangered species, the welfare of sick and neglected animals and relief for the victims of war and natural and civil disasters.

Activities and achievements

Donations of £115,000 were made in the year to national charities which support the aims of the charity.

The investments held increased from £3,080,801 to £3,478,026 at the year end. The investment objective is a combined return from income and capital growth.

Trustee remuneration and expenses

The trustees did not receive any remuneration or expenses during the year.

Related Party Transactions

There were no related party transactions during the year.

Reserves

The trustees intend to keep the capital intact and distribute any income. The unrestricted funds of £243,997 at the year end are the result of the legacy received in previous years.

Approved by the Trustees and signed on their behalf

Trustee

Date: 11/04/2025

Page 2

Margot and Andrew Tennant 1996 Charitable Trust

Independent Examiner's Report to the Trustees of Margot and Andrew Tennant 1996 Charitable Trust

I report on the accounts of the charity for the year ended 4 November 2024 which are set out on pages 3 to 4.

Respective responsibilities of 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 (as amended). 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 report

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 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 other than that disclosed below.

1. which gives me reasonable cause to believe that in any material respect the requirements:

2. to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations

3. to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations

have not been met, or

1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Ritsons Chartered Accountants 103 High Street Elgin IV30 IEB

Date: 14/04/2025

Page 3

Margot and Andrew Tennant 1996 Charitable Trust

Receipts and Payments Account for the year ended 4 November 2024

Proceeds from the sale of investments Total receipts Total payments for charitable activities Total governance costs Total other payments Total payments (Deficit) for the year All funds are unrestricted. Receipts Income from investments Payments Investment management costs Admin Payments for charitable activities: Donations Governance costs: Auditor's/Independent Examiner's fee Legal fees Other payments: Purchase of investments		105,833 105,833 72,895 178,728 19,889 115,000 115,000 2,051 95,362 95,362 232,302 (53,574) 2024 £ 19,624 265 1,232 819		103,582 2023 £
				103,582 323,909
				427,491
				19,027 134
				19,161
				89,000
				89,000
				4,813 1,085
				5,898
				332,527
				332,527
				446,586
				(19,095)

Page 4

Margot and Andrew Tennant 1996 Charitable Trust

Statement of Balances as at 4 November 2024

Closing balances Closing balances Investments Investment portfolio Bank and cash in hand Opening balances: (Deficit) for the year Reserves General funds	243,997 243,997 243,997 297,571 (53,574) 2024 £ Market value £ 3,478,026	316,666 (19,095) 2023 £
		297,571
		297,571
		297,571
		Market value £ 3,080,801

All funds are unrestricted.

Approved by the Trustees and signed on their behalf:

Date: 11/04/2025

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