REGIERED CHARITY NUMBEK. S28314 Report ofihe Tr¥ees •d u¥d11¢d SthiethEwts for tht Y¢Ar 31 Decethr2024 The Rl•di Trmt R L H Cr•rford BA CA cfA 25 CaAle Terrxe Edinburgh EHI ?ER
The Rl4d Th Contents of th¢ Flnawdal SlloB¢tyts for the Yer ETrded 31 D¢¢¢mber 2024 Rel¢ren¢¢ Adml4tslr•tlv¢ D¢tsl Report of th• Trust IndePdent ExarnlTrerf• Report St•tellAt ofFknAlldl A¢tfvltl B*lonee Sheot Notes to the fMAndAI FAateNwnts 7 w 13
Tr Rtada Tr•J¢ R¢f¢Kn¢e •nd A4ml*ls¢rAllv¢ D¢t•lls ror tb• Year ETrdtd 31 D•ttmbw 2024 TRUSTEES RECISTERED CHARrrY NUMBER SC021314 INDEPENDEKf LXAfvIINER INVtsrMErff MANAGERS CS Inve$knl bnbuw8h EH2 4HQ
The RldA Tmt
Report of the Trustees
for ¢he Yr Ended 31 2•24
Th¢ tru¥ees preseftt their with the fi¥wKiAI sw•rrrt5 of the tharity for tIK year eThled 31 December 2024. The
tru5tee5 ha adopted the pmvi5iOll5 of Accounting and Rep)ning by arities. Stamert of Recomrnentsl Practice
applicable to charitie5 prepering their occounts in Accor&rKe with the Fin•jK1 R¢portin8 Storylwd opp111¢ itt the
UK and Republic ofireland (FRS 102) (eff¢aive l 20191
ObJ¢¢llves •tsd glmi
Th¢ prirnAry objtttiv¢s of th¢ Tnw wid¢ finwial suppM •Dd 8ny r¢8iAer¢d ¢h¥iry or charities
In Engl•nd Wo1¢s QT to Wy or bodies in Nortkm Irelw 1¢h I4 a¢¢eMed as • ¢harity or ¢hwi¢ie$ for
purposes or to •ny body or bodi¢5 in sl1MI recognised by HMRC as a ctrwity for M pwposes
(hereinafter ferred as "tha¢iMble organiuiions") and in furth¢rance of th¢se f¥bie¢ts ar¥1 •5 ¥ncilI ih¢
Trust may: (a) 8s5iA in purthAsin8 and maintning equ•wL amenity LY facilities as miy bp Tequired by the charitabl¢
organi5ations.' Ib) Coryoperate and cdl•borne with the charirable or8ani5ations swuiory authoriiies opernting i
CribEe fields. {¢) exthan8e advic¢ and irtfommtion with ¢h¥ithbl¢ oryni5atioDs st4lu¢ory Authorit {d) provide
financial. tre111. $Ory Y othtt forni of sw th charithble orgoniytion5 operaung wrhin the Unit¢d
Kittsdom: (e) eneournBe intrrest or itNolvemert in mrft¢T$4s hieve the pr1rn obj¢¢ts ofilK Tnmt.
The Ttwes. oty'eaive li to live w ¢hwiiies thAt i f¢d tly wish to h¢lp with frorn inMm¢ possible.
Prltsr yeAr eompratlv
llie finmcial sthments include wior yelr Adjumm w Il fi8w¢s rellnA to the14 ¢(rImti and
eo8nition of an addition wyee of ine
Tr Rld Tt Rq>ort ftht T1 for the yr EAd¢d JI DeeeThbw 2024 STRucfuRE COVERNANCF. AYD MANAGEMEiYr G¢vernlne do¢uMent ¢harity is controlled by itsgovuninll docL¥MK A thtd of and C(11(eS m unincoryxyrnied clwity. Tr Tnw wgs estrbliSl by g De¢d of Tn 2 Wber 1991 and regisled in the Books of Council and Session on 5 O¢iober 1998. The Trpjskes 4rt 4PPOiNed tyKkr the of th¢ Tntsi Deed or by subseweni Ded of Tntst 14 Nov¢mbv 2001. Reeruiimeit #ppolnimeii tr•¢¢$ New v7JStees e appolnd by the exiMAns tyi&¢ts In attordwwIth the lern ofthe Tnm DeèL Tnut 1$ rn8¢d by th¢ in •EcsJrdwK¢ trrrns of th¢ D¢ed. All d¢(ilio w4TdinB the InV¢smnI of tht Trw fvnd5 the4bppli¢aiiort of tho fvnds are by the Irusttt In4u¢tloo Ad irAlTrln8 of New (rmtees The tsuuees hai reetived professioMI d¥ieeon their duties and resrthsibilnies ard h•v¢ been wovided wilh copies of th¢ 8uidwKe i55ued by OSCR. Thi5 Pr¢¢ 11 be repa if new are •p1d. Rtsk The ttys¢s have leSSed th¢ major risks to wthsth the Tntyl is exposed. l pl¢u1r thos¢ relitrd the tr10n5 rinonces of the TfUS1 ind are t15r1ed iht symems are in plo¢c io miiig•ie lh¢ exposur¢ w Ihe mijor rlsks. REVIEW OF THE YEAR The Inve5uneni pcfflfolio of Ihe Tn1 a mvkei of £1 J54.104 (1123: £1.461.234). Additmlly. the Tr h nei ¢wreni of L144.41012023.' £139.93114nd 80% (2023: 00%) th•r¢ In o r¢sklemi)I prop¢nles he for renthl Incorne. ThÈ Tntst reeelwed incom¢ of £281,847 (2023.. £320J84) dwin8 th¢ y¢ar. clrIl¢ dorntiofii totsllin8 £59.IKKI (2023.. £71.IJOOI made In th• y. Awrovd by aet oftht bo#rd oftni*es on 3...p.Sept•kn 2025 Ij siwK.d on ityith•ifby: h8eJ
Indcptndrnt ExAml•rfy Report to ¢h¢ Tr¥stOr The RladA Trwt I repm on the accounts forthe yevtnded 31 Decen 2024 py five thirtee Rtspeetive rewThbIlItIeS of trultes Trd uminer Tiie ¢lMTiWs frusre¢s are resptsnyble fcr the pr¢p4r•iion of the i¢¢ounts in a¢cOrd wiilt the ternts of the Ch•riiies and TnJ&tt Investtnent ISccrfl8ndl Act 2005 and the aWlu Accnts (SKodaThl) Rellulitions 20 (as amended). The charl tnmtees LThsidu that the I111 requirement of Regulition 10(1 )IAI w (¢} of the Accounts Regulations does rtLrt 8pply. li 1$ my resPibility io examine the aecourtts as rcquired urder S¢ction 44(1 X¢) of the A¢1 And the(h partI18r nllittts have to allenuon. BMIS •f Iht IndepEident ¢xAMlnees report My exarnituiion wa5 ¢I¢d oui in accordance wilh Re8u)&tion I l of the Chtriiies Ace(Amts (Sccrtland) Re8ulaiions 2000. An exarninztion imclude5 a review of thE accowing records k¢w by the ctharty and a u)rnparlson of the wccour presented with thu5c r¢¢ord5. It 1150 i1th considerlltion of iny unusual ii¢ms or di%105u in lh¢ o¢wwiis. sttklos ¢xplanationJ from you as tr¥skes con¢¢minB •ny sh matt The procdures und¢rthk¢n do I1 provide tsll thc cwidfnct thDt wY)uld b¢ r¢quir¢d •n •udii ADd wm¢qu¢wiy I do tto¢ ¢xpr¢Js an a#dit opinion on th¢ vi¢%v livth by th• onts. lfidepeftdht AthteMo•t In ConnlIn wlth my exNINu¢ffj. w) maerhM e(me w my theNioTr." (I l 8lves me re&qoMble ¢t believe in w mlrial re¢( the rtquircAienis to k¢¢p re¢wth in •¢cryd•e with S1¢ 44(IM•) of the 2005 kn md Res111)n 4 of ihe 21x16 A¢wwits R¢8ulaiions: old prcpAre Accourt8 whith Kcord with xc(A¥#in8 rtcords eixry)ly wth Regul10n 8 of ihe 2(M)6 Accounts Regulatic5 hAve been meL (21 io which, in my 4)pixityN •tt¢M*)n thould b¢ dr•wn in ¢rd¢r * proper wxl¢rntsndirt8 ofthe a¢MuMs be 3 0.SeNunber 1025
The Rlad• Trnsl Slal¢rnen¢ ol FI•Andl Aetfvltl for ihe Year Ended 31 Deethibtr 2014 ?024 UrYewi¢ted ds 2023 Toral 4$ reAoted INCOME AND ENDOWMENTS FROM Do1101 le8xie5 60.1 Inveslrnert iome ?11,847 326J84 Toll 326.384 EXPENDITURE ON Raisin¥ funds 71_Wl 122.250 Ch•rltsbl¢ aeilvl¢l¢s Donaiiorts 59.000 71.000 13.152 11948 Total 143.353 206,198 Net gain{lO$S¢s) on imicsbm 11.855 (74,0781 NET INCOME 150.349 46.101 RECONCILIATION OF FUNDS To¢41 funds iyought foTwaTd 1.78&165 1.742.057 TOTAL FUNDS CARRIED FORWARD 1.938.S14 1.788.165
Tht RldA Trust BAlnee Shtet 31 Dfflb¢r 2024 2024 Unrestrieied fut Tothl FIXED ASSETS Inv¢slmeAts Inv¢sthients Inv¢sThert propeny 10 IJ54.104 40,0 1.408.234 180,000 IJ94.104 1.641.234 cuRREP ETs Debt$ CAsh ai blnk 12 164.321 185.138 160,852 41,307 349.459 202.159 CREDrroRS ArnoLS f*llin8 within one y 13 (5.IM9) {62.228) NET CURREIIT ASSETS 344.410 139.931 TOTAL ASSETS LESS CURRENT LIABILrriES ,931,J14 1,788,103 Nrr ASSETS 1.931J14 1.788.165 FUNDS 14 1.931.514 1.788.165 TOTAL FUNDS 1,931.514 1.788.165 The fin0iKi ststen7ents Hwe 4>PmTrtd ty the B(th ofTruX¢a And •thised fi)r iuie on .s..p1emb¢r 20?5 ind w¢r¢ 48ned on 1¢$ bthilf by.. PB8e 6
The Rl•d• Trwlt lo the Fltt#xll StAtemts ror the Ytmr Ended 31 DettmlKr 2024 PREsEATIoN CURRENCY Th¢ w¢s•Kation ¢wr•xyof the finaKial is the p0d Srliry (£). ACCOUNTING POLICIES Basls of pr¢prfni the flnnell ststemewts Tr fina18] stotements of the chnriry. thic is a wblic benefit entity under FRS 102. ¥¢ been prepwed in iccordawe with th¢ Chjriiies SORP IFRS 102) 'A0UB aThl Reporting by Chpritie5: of RecommeThled Prarttce ?pplicabk to ¢horili¢s prepArins thetr in accordanc¢ wth the Fina111 Reponing Simdard applicable in the UK Republic of Irel IFRS 102) leffeuive l JanuAry 20191,. Financiil Reportin8 Sthndwd 102 Tr Fintncial ReMI stth ¥pl]ble in the UK and Republic of Ifeland. J)d the Chariiies w)d TnMt Inv¢xmeN (S> kn 2(KJS. The fiMn¢iil hive be¢n pr¢pared under the hi01¢11 ¢0# eonventiort. with th¢ ¢Krtyion of inv¢sfm¢Thts 1¢h in¢[led •1 mwk v•lu¢. •s modifi¢d by th¢ r¢v•lwion of cffj•in •ssd Income All 1coMe is reco8nised in Ihe Statement of FiMnei•l Aoiwti¢s th¢ thartry hs enililement the ffiJnd5. h 15 prob•bl¢ that the tnwne will be received wd the smo)1 can be meawred reliably. Expemdltsve Li8bilities •T¢ r¢cwised M expendillye u SO M thut is • le8al tt eonmruetive obli8oiion committin8 th¢ ehrity io that expendiiiire. il is ProbIt A tr•nsfer of economic benefiLT will be required in stttlemeni And the Amouni of the obligation be ul¢d reli#bly. Expendire is accounted for on an bc¢ruals $1$ and has b¢en classified under ldIng$ that A¥8regaie all COA rdmed io the uiegory. Where COSLS rOI be direcily •n1ibu 10 p4rti¢ulv headings they hv¢ b¢¢n io aciiviiies on a basis consisni wAth the use or rc50urces. orAn olTered subjea th eondiiions hve the yev end d•tr nod • eommlimeN b not awued expendiwre. Tr Tn is not for VAT. ltt¢¢ov¢rnbk VAT Is ¢hryd the Bory of r¢sourcu wended for thich li incumd. CbrilAbl¢ •rlivltl Gr8nts thiriiies ar¢ dw8ed in the finwKi Ipwoved. Th¢ d10$ piid Ire li the di5¢retion of the TNses. G•v¢rnn¢¢ Governo¢ Ire th¢ irnl¢ ¢xnin¢rfs T le8•J admiTristrve support $11 the costs of the Annwl Gaxrnl Mertin Invostrnent prop¢rty Invn¢t propffiy is •¢ rtcem v•lU10th Any •8¥r¢B wlu5 or defKii arisxw from ehanw in hir vikne is rew8nis¢d in of Finmci•l Aaivilie Th¢ ¢h•rity is frnrn on >ts clmrithbk Aaivili¢& The urtr¢sth¢xed endowmem fund eons445 of dli10nS mide the T plus the realiKd and unrealised Bains lo&trs in invttttnents lch we irteNled io provide the fimds io generate income for allts. The unrestricted ineome is th¢ swilus on inc¢>n* lem expthdliurc fflade w thariiies aThJ administyaiion costs. (Xher fixed asset InveSth th¢ ¢lwity only utters INO b•sie finkn¢i#l instywlS tr•nsKtions ihAt r¢sl in tht rcco8niiion of fin•Kial &s%ets and liabilities likt and other accounts receivabk and PAy¥ble. clInUe..
The Rlda Try¢ Notes to the Fl•#ttd•l statents- eoNt14u¢4 ror the YeAr Wtd 31 December 2124 AccouNnNC POLICIFS • wJnil••ed eXpted w be paid or I1V. Slgnlflcn( JudE¢m¢Dts ind udm•tts Preporing ihe financial stst¢ments moy rtquire the truses si8nifKant aNI eS1imoie& There tre no items in the finmei sthments th these Signirvnij and emimuies re reqviTed. INVESTMENT INCOME •023 as Rents rtt¢ived lThvesun¢n¢ income 158.15? 63,695 ?87.15 39,169 221.847 326.J84 RAISING FUNDS 2024 2023 as re5thd Portfolio min•grni Council tsx Factors ftts main18ce thar8¢5 IArell pyable and similr d 7.140 1,060 18.978 43.9?8 7.196 34.466 80.376 71.201 122.?50 GRANfs PAYABLE 2024 2023 Donatio 59.000 71.0(M) The w*1 grnNs pgid during the YCK follows. 2024 2023 All Mind5 Bethmy Chrisiian Tnj Beyond Boundvies Brain Rese UK Children's Hospicc SwMl•nd Chtrlie's Old CodFrs Cri¢ket kotland De¥ekY5 Trth Cyrcnikns DEBRA Erskine H(yitsl Eu•n's Guide 1000 1.000 1.000 3.lJOO 6.000 2.IX)O 1.500 1.500 4.J0 1.000 13JOO 13500 Page 8 ntiNed...
The Rl•d• TY•st Notu to ihe Fln#ndl St#lthe#ts- for the Year E•ded JI Deeember 2•24 GRANTS PAYABLE- eMtl•ed George W•L8On'S College Famity Fwthiil Gurklm Weifuc Trv 4.000 iooo 4,IXIO GWFF RAF Benevolent Fund RNLI Scottish Lovt in Adion St CAtherine's ConveN of Me The Brnin Twnow Chwity The Cure PalTn5 Tntsi The Swinf¢n Charitabl¢ Tn iiooo 1.000 1.000 5.000 1.000 1.000 5.000 iooo 3.01)0 1.0 1.0 5.0fy) 1.0 1.0 5.000 3.0 Totsl gr8nts S9.0 71.000 OTHER 2014 ?023 Is r¢yad 13.151 12.948 Included in ihe support coms is ex•minrfs of£4.8Th)12023.. £1.0). TRUSTEES. REMUNERATION AND B£NEFrrs Theyt WTe no thtt$. r¢nNMlO Of ithr boKfity f¢ ik y¢w ¢fKl¢d 31 Dw¢mb¢r 20?4 nor for th¢ y¢4r ended 31 Dec¢mr 20J? . Trwl¢qi' eJpeMIi There wre no trusws. expenw pid fv the y¢•r 31 D¢¢¢mb¢r •094 Th)r for the y¢ar ended 31 Dettmber 2023. EMPLOYEES The wtte no cmploytts thYin8 the yeu endtd J l Dettnts 2024 nor for tht year ended 31 Dtcerth 2023 PRIOR YEAR ADJusfMEI The accounts of prior year hve been Te5wed io include the I¢ ¢onfirmi¢ion of AdditiLmal r¢rtal I¢¢ 9rn4 aSSOClAied expenditure rela(iry ty A le8w was left in vu# ts¢ Ri Trum be ¢onfinned is the sole beneficiAry. cortinuEd...
The Riadl Trust Notes to the Flll•d#l Statennts- ¢otstlA•ed ror the Yelr Ended 31 Detethber 21124 10. FIXED ASSET INVFSTMENTS L45d MARKETVALUE At l January 2024 Additions DisPOs41$ R¢vg]uauons 1.468.234 325.836 (481,805) 41.839 Ai 31 Decents 2024 IJ54.104 NET BOOK VALUE Ai 31 December 2024 IJ54.104 Ai 31 Dec¢mber 2023 1,468 134 The hillorical COA of Investme owned by the Tru 31 DeCemr 24 £1.298J26 (2023: £lJ88.174). Cost is the ux•l to the TnNL indudin8 incid¢NAI ¢xpety¢s ofwuirinB inv¢suty on the open m•rkeL Included in tho ctsh held hnk is £148,686 (2023: £27J34) held by the Ie$IK mAn•8v. INVESTMEKf PROPERTY FAIR VALUE A¢ l Jirwry 2024 Additions 180,000 60.000 At JI Deceffl 2024 240.000 NET BOOK VALUE A¢ 31 tkcember 2024 240.000 At 31 Deeefflbtr 2023 180.OLYJ The trwi Th)w (2023.. 60%) skn in o residtffli•l lei woperty. • Yo101t s1h1 of th¢ r¢nthl inwm¢ and cos¢5 ar¢ includ¢d in •¢¢cwts for the year. Tr trumees believe the value represents the curreni Ir v*lue of the propffty. P48e io continued...
The Rtsd8 Trust Noies io the FlnAnelml Statemets- roTrtlmu¢d ror ¢h¢ Year Ended 31 D¢frnber M24 12. DEBTORS: AfvfOUNTS FALLING DUE WIThIN ONE YEAR 2024 2023 Soli¢itots dient fim 164.3?1 160.852 11 CREDITOKS: AMOUNTS FALLING DUE wmiiN ONE YEAR 209J as TC5taied Trade er¢diiors Odr ¢r¢ditois 00.000 U28 5.049 3.049 62,228 14. MOVEMEKf IN FUNDS Ai 31.1224 Ai 1.1.24 in funds UDrulrl¢I In¢omE fund Endowryncnt 145.634 4.715 49).574 1.447.940 1.443.225 1.788.165 150.349 1.938.514 TOTAL FUNDS 1.788.165 150.349 1.931.514 N¢t movemeni in included in th¢ •bove are Is follow4: IncnIn9 rewTe¢s ¢xpended Gains and Ios5¢5 in fundi UoreJlri¢ied f¥lld• Inciyne fill 211.147 1136.213) (7.140) 145.634 4.715 11.855 (143,353) 11.8SS IYl.349 TOTAL FUNDS 211.847 1143,353) 11.855 150J49
The Rld Trut Noitt to the Flnndl S¢A¢eme•ts- ror the Yexr Ended 31 Dttember 2024 14. MOVEMENT IN FUNIXS- tontlity¢d Cowprntlva for wemeAt (d$ Net Al 1.1.23 in 31.12.23 Income fiknd EndowTheni 217,458 l J24.599 127.482 {81.374) 344.940 1.443.225 .742.057 46.108 1.786.16S TOTAL FUNDS 1.742.057 46.108 1.7B8,165 CONYW1ve net m0Vett in incIled in th¢ kn •r¢ Is follo%. IwA>minR r¢swTC¢S ¢xp¢nd G•in5 and lo59¢S Movemen¢ In funds unTrI¢l¢d Income fimd 326J84 (198.902) 17.296) 127.482 {81.374) 174.078) 3?6,384 1206.198) 174.078) 46.108 TOTAL FUNDS 3j14 1206.1) {74.078) 46.108 R•eondll•tlon orpr year reported io ¢urTMI yur IOLI Mp•r•ilv¢ Fund To1 Funds 184.088 ?80.735 IJ06 I27.313 ?80.735 IJ06 Rental income from Itycy lrtvestsntrti INCLM Property reled expense5 Pvofession81 fees (112.097) (9.092) (112,0971 {9,092} 20J? as 344.940 1.4.13.2?5 1.788.165 P12 conliNed...
Th¢ RIAdA Trut Nfjtu to Ib• Fqw•elal St•letyMts- eoNtI• foi th• Ywr Endéd 31 DeeThbw 2114 15. RELATF.D PARTY DISCiA)SURES OM7rership afté ¢rtiilertxrtto thefefflal imxnt. theyMrvO ihe fjn11_wt1yth donatsd to Th¢ tntst ircarne effliikd th¢ in¢on from a prowny portfolio lega(y held in • S¢r trua in 2023 this rdAi¢d k) the estate ofihe laie fith¢r of ihe irustees. Thi5 rntitlernert has b¢aJ r¢¢ogni5cd in the curreni and priLY ycwresulls r¢suhin8 in a of tl* WIOT yur fi8weL P4e 13