REGI￿ERED CHARITY NUMBEK. S￿28314
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 Sl*loB¢tyts
for the Ye*r ETrded 31 D¢¢¢mber 2024
Rel¢ren¢¢ Adml4tslr•tlv¢ D¢tsl
Report of th• Trust
IndeP￿dent ExarnlTrerf• Report
St•tell￿At ofFknAlld*l 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$kn￿l
bnbuw8h
EH2 4HQ

The Rl*dA Tmt
Report of the Trustees
for ¢he Y￿r 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 a￿rities. Sta￿mert of Recomrnentsl Practice
applicable to charitie5 prepering their occounts in Accor&rKe with the Fin•jK1￿ R¢portin8 Storylwd opp11￿1¢ 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 I￿4￿ a¢¢eMed as • ¢harity or ¢hwi¢ie$ for
purposes or to •ny body or bodi¢5 in s￿l1￿MI 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 main￿tning equ•w￿L amenity LY facilities as miy bp Tequired by the charitabl¢
organi5ations.' Ib) Coryoperate and cdl•borne with the charirable or8ani5ations swuiory authoriiies opernting i
C￿ri￿bEe fields. {¢) exthan8e advic¢ and irtfommtion with ¢h¥ithbl¢ oryni5atioDs st4lu¢ory Authorit￿ {d) provide
financial. tre1￿1￿1. ￿￿$Ory ￿Y othtt forni of sw th charithble orgoniytion5 operaung wrhin the Unit¢d
Kittsdom: (e) eneournBe intrrest or itNolvemert in mrft¢T$4s *hieve the pr1rn￿ obj¢¢ts ofilK Tnmt.
The Ttwes. oty'eaive li to live w ¢hwiiies thAt i* f¢d tl*y wish to h¢lp with frorn inMm¢ possible.
Prltsr yeAr eompratlv
llie finmcial sth*ments include wior yelr Adjumm￿ w Il* fi8w¢s rel*lnA to the14* ¢(￿rIm￿ti￿ and
eo8nition of an addition￿ wyee of ine<rfM rel￿1￿9 w a le8A¢y portfollo.
ACHIEVEMEKTS AND PERFORMANCE
ChArltible aellvltl
The Trust rn8de sr•nts ¢0 dJ•riiiM of£59.000 (2023. £71.000) dwin8 the ye•r.
lttvdtmttst ptrfom*h¢¢
T11e trustees Arc sltisfitd with the l•ffl of Invests￿ In¢(¥he 8ryKNed thJrin8 the period the financial pojiiion At
th¢ bi14n¢e sh¢rf d•te. InYesth*rtt in¢(rt dowi 50% u a result of switchin8 10 lomw risk tre￿ry srocks in 2023.
Rulised Ind ￿re•ll$¢d investrnert of £l1.855 (ry023.' £74.078 losses) mde durin8 the y￿.
lnvestnK￿ of the Trust had a value of £IJ54.10412023: £1,468.234),
FINANCIAL REVtEW
Invutm¢ut pollcy and objttdv
In a￿OrdI￿rA with th¢ Tru51 D¢¢d. the Tntstees hwe pM*r ￿ invest in thiek4 sha￿4 lswesth*￿S property In
the United Kingdorn or abroad in their sok disuetion think fiL
The portfolio is m￿liared on the ￿511 thit the investhKrt jim is io mAximise the tsvernll of retixn •fKI tl41 the risk
profile prevou51y was hi￿. l)Jrin8 ihe year wumees direaed in the cuYmL economÉc eiivirortmcnt risk
shO￿d be reduced by swi¢thioB • si8nifi¢¥* wopw1i￿> of fixed irterex bcmth.
Res¢rveJ poll¢y
1¢ is the ￿TTen¢ ￿lleY for the ThLqees to diStri￿e the net income of tr¢ Twst Teceived from diw&nds and Intertst in
the fonn of Brwts Ind don#¢i¢)ns they h8v¢ th¢ powtrs io d1&rIb￿ en¢S)wnerts in apprwioie circumsthrKes. Th¢
n¢t ¢nd0￿d fi￿d$ are by a ￿￿((0110 of inv¢stm¢nts. li is no¢ Ihe policy To distr¢bure fuThJ$ Biven by
dona¢ic¥is a5 these furth are required ￿ 8enera* inccrfne ￿ make grants in the The reserve5 at thc year end are
As follows: Unresuithd E4thwrMt £1.447.940 12023: £1.44322S) and unre%trI￿ed Incorne Fund £490,574
(2023: £344,940).
The Trustees in their sole discretiw ry rn￿e dhvitsble d(rnti￿ of both Unrestriaa Endownent F￿d$ and the
Unrestricted Ineome Fund.
FUTURE PLANS
Th¢ trus¢ees plan fo disknlxrte the in with its obieaive5 aThl aim&

Tr Rl*d* T￿￿t
Rq>ort *ftht T￿￿1
for the y￿r 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 regisle￿d 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 appoln*d by the exiMAns tyi&¢ts In attordw￿wIth the lern￿ ofthe Tnm DeèL
Tnut 1$ rn￿￿8¢d by th¢ in •EcsJrdwK¢ trrrns of th¢ D¢ed. All d¢(ilio￿ w4TdinB the
InV¢sm￿nI 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 •p￿1￿*d.
Rtsk
The ttys*¢s have ￿leSSed th¢ major risks to wthsth the Tntyl is exposed. l* p￿l¢u1*r thos¢ relitrd ￿ the tr￿10n5
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 Tn￿1 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. cl￿rI*l￿¢ dorntiofii totsllin8 £59.IKKI
(2023.. £71.IJOOI made In th• y￿.
Awrovd by a￿et 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¥st￿Or
The RladA Trwt
I repm on the accounts forthe yevtnded 31 Decen￿ 2024 py five ￿ thirtee
Rtspeetive rewTh￿bIlItIeS of trultes *Trd u*miner
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￿ Acc￿nts (SKodaThl) Rellulitions 20￿ (as amended). The
charl￿ tnmtees LThsidu that the I￿111 requirement of Regulition 10(1 )IAI w (¢} of the Accounts Regulations does rtLrt
8pply. li 1$ my resP￿ibility io examine the aecourtts as rcquired urder S¢ction 44(1 X¢) of the A¢1 And *the(h
partI￿18r 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 accow*ing records k¢w by the ctharty and a u)rnparlson of the wccour
presented with thu5c r¢¢ord5. It 1150 i￿1th considerlltion of iny unusual ii¢ms or di%105u￿ in lh¢ o¢wwiis.
sttklos ¢xplanationJ from you as tr¥skes con¢¢minB •ny s￿h matt￿ The procdures und¢rthk¢n do I￿1 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• ￿￿o￿nts.
lfidepeftd*ht AthteMo•t
In Conn￿lI￿n wlth my ex*NINu¢ffj. w) m*aerhM e(me w my theNioTr."
(I l 8lves me re&qoMble ¢*￿t ￿ believe in w ml*rial re￿¢( the rtquircAienis
to k¢¢p re¢wth in •¢cryd•￿e with S￿1¢￿ 44(IM•) of the 2005 kn md Res￿111)n 4 of ihe 21x16
A¢wwits R¢8ulaiions: old
prcpAre Accourt8 whith Kcord with xc(A¥#in8 rtcords eixry)ly wth Regul￿10n 8 of ihe 2(M)6
Accounts Regulatic￿5
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•And*l Aetfvltl
for ihe Year Ended 31 Deethibtr 2014
?024
UrYewi¢ted
ds
2023
Toral
4$ reAoted
INCOME AND ENDOWMENTS FROM
Do￿1101￿ le8xie5
60.￿1
Inveslrnert i￿ome
?11,847
326J84
Tol*l
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 Rl*dA Trust
BAl*nee Shtet
31 D￿fflb¢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
Arno￿LS 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#xl*l StAtem*ts
ror the Ytmr Ended 31 DettmlKr 2024
PREsE￿ATIoN CURRENCY
Th¢ w¢s•Kation ¢wr•xyof the finaKial is the p0￿d S*rliry (£).
ACCOUNTING POLICIES
Basls of pr¢p*rfni the fln*nel*l ststemewts
Tr fina￿18] stotements of the chnriry. thic* is a wblic benefit entity under FRS 102. ￿¥¢ been prepwed in
iccordawe with th¢ Chjriiies SORP IFRS 102) 'A￿0￿￿U￿B aThl Reporting by Chpritie5: of
RecommeThled Prarttce ?pplicabk to ¢horili¢s prepArins thetr in accordanc¢ wth the Fina￿111
Reponing Simdard applicable in the UK Republic of Irel￿￿ IFRS 102) leffeuive l JanuAry 20191,.
Financiil Reportin8 Sthndwd 102 Tr Fintncial Re￿￿￿MI st￿th ¥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 hi￿0￿1¢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 1￿coMe 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 Pro￿bIt A tr•nsfer of economic benefiLT will be required in stttlemeni And
the Amouni of the obligation be ￿￿ul¢d reli#bly. Expendi￿re 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 ￿r￿OI be direcily
•n1ibu￿ 10 p4rti¢ulv headings they hv¢ b¢¢n io aciiviiies on a basis consis*ni wAth the use or
rc50urces.
orAn￿ olTered subjea th eondiiions hve the yev end d•tr no*d ￿ • 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.
Cb*rilAbl¢ •rlivltl
Gr8nts ￿ thiriiies ar¢ dw8ed in the finwKi￿ Ipwoved. Th¢ d￿￿10￿$ piid Ire li the
di5¢retion of the TNs*es.
G•v¢rn*n¢¢
Governo￿¢ Ire th¢ irnl¢* ¢x*nin¢rfs T￿ le8•J admiTristr￿*ve support ￿$11 the costs of
the Annwl Gaxrnl Mertin
Invostrnent prop¢rty
Inv￿￿n¢￿t propffiy is •¢ rtcem v•lU￿10th 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 d￿li10nS 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 instyw￿lS tr•nsKtions ihAt r¢s￿l
in tht rcco8niiion of fin•Kial &s%ets and liabilities likt and other accounts receivabk and PAy¥ble.
c￿lInUe￿..

The Rl*da Try*¢
Notes to the Fl•#ttd•l staten￿ts- eoNt14u¢4
ror the YeAr Wtd 31 December 2124
AccouNnNC POLICIFS • wJnil••ed
eXp￿ted w be paid or I￿1V￿.
Slgnlflc*n( JudE¢m¢Dts ind udm•tts
Preporing ihe financial stst¢ments moy rtquire the trus*es si8nifKant aNI eS1imoie& There
tre no items in the finmei￿ sth*ments 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 re5th￿d
Portfolio min•grni
Council tsx
Factors ftts
main￿18￿ce thar8¢5
IA*rell pyable and simil*r 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#nd*l 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 Pa￿lT￿n5 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¢ya*d
13.151
12.948
Included in ihe support coms is ex•minrfs of£4.8Th)12023.. £1.￿0).
TRUSTEES. REMUNERATION AND B£NEFrrs
Theyt W*Te no th￿tt$. r¢nNM￿lO￿ Of ithr boKfity f¢* ik y¢w ¢fKl¢d 31 Dw¢mb¢r 20?4 nor for th¢ y¢4r
ended 31 Dec¢m￿r 20J? .
Trwl¢qi' eJpeMIi
There w*re 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 Staten*nts- ¢otstlA•ed
ror the Yelr Ended 31 Detethber 21124
10.
FIXED ASSET INVFSTMENTS
L45*d
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 DeCem￿r ￿24 ￿ £1.298J26 (2023:
£lJ88.174). Cost is the ux•l to the TnNL indudin8 incid¢NAI ¢xpety¢s ofwuirinB inv¢su￿ty on the
open m•rkeL
Included in tho ctsh held ￿ hnk is £148,686 (2023: £27J34) held by the I￿e$￿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. • Yo￿10￿1t 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 Stateme*ts- 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
Od*r ¢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:
Inc￿nIn9
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 Rl*d* Trut
Noitt to the Fln*nd*l S¢A¢eme•ts-
ror the Yexr Ended 31 Dttember 2024
14.
MOVEMENT IN FUNIXS- tontlity¢d
Cowp*rntlva 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
CONYW￿1ve net m0Vett￿ in incI￿led in th¢ kn •r¢ Is follo￿%.
IwA>minR
r¢swTC¢S ¢xp¢nd
G•in5 and
lo59¢S
Movemen¢
In funds
unT￿rI¢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
3￿j14
1206.1￿)
{74.078)
46.108
R•eondll•tlon orp￿r year reported io ¢urTMI yur IOLI Mp•r•ilv¢*
Fund To￿1 Funds
184.088
?80.735
IJ06
I￿27.313
?80.735
IJ06
Rental income from Itycy
lrtvestsntrti INCLM
Property rel￿ed expense5
Pvofession81 fees
(112.097)
(9.092)
(112,0971
{9,092}
20J? as
344.940
1.4.13.2?5
1.788.165
P￿12
conliNed...

Th¢ RIAdA Trut
Nfjtu to Ib• Fqw•elal St•letyMts- eoNtI*•
foi th• Ywr Endéd 31 D*eeThbw 2114
15.
RELATF.D PARTY DISCiA)SURES
OM7rership afté ¢rtiilertxrtto thefefflal imxnt. theyMrvO ihe fjn11_w￿t1yth 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