APPENDIX 1 Truste6s' Annual Roporl for the p..enod Period start dale Period end d8le Dnlh Y•&r Month oscr- Day Year 12 23 To 24 oirice of the Scottish Charlty Regulator ReferenGe and administratlon details Charlty name Other names charlty Is known by R•glsl•r¢d ¢haTIty number Charlty's prlnclpal address The Marlin Charitable Tnjst SC028487 190 St Vincent St Glasgow Postcode G2 5SP Names of the charlty trustsos on date of approval of Trustees. Annual Report Trustee name Offlce (If any) Dates acted If nol for whole ye•r Namo gf person lor body) entftled to appolnt trustee (11 any) Trustaè Trustee 10 11 12 13 14 15 16 17 18 19 20 APPENDIX 1 Reference and adminlstration detalls Names of all other charlty trustees durlng the perlod, If any, (for example, those who rnslgn•d part way through the flnanclal p•rlod) l Name Dalfjs aGt•d If not for whole year 30.01.24 Structure, governance and management Type of governlng document Trust Deed datsd 24* April 1998 Trustee recrultment and appolntment Servlng TTUStees are appointed as requlred laklng Into account thelr skllls & knowledge. Objectives and activities Charltable purposes The principal objectNes of the charity a￿ the rellef of poverty, tha advancement of education, th8 3(Ivancement of health, the saving of Ilves, the advaTK8ment of citlzenship or community development, the advancement of arts, heritage. culture or science. the advancement of public participation in sport, the provision of recreational facilities or the organisation of recreational aGlivitie$. with the object of improving the Gondilions of lrfe for the person$ for whom the facilities or activities are primarily inlendèd. the advancement of environmental prolection or improvement. the relief of those in need by reasons of age. ill-health. disabilitv. financial hard8hiD or anv other disadvantsqe. The Tnjstees award donalions in accordance with the charitabl8 purpose5. Summary ot tho maln actlvltlgs In relatlon lo Ihese objects InGome (roln investments during the year totalled £98,040 for use in our ¢harttable adiviti85. Rathbones Investment Management act as Inv88lment Managers in respect of the share portfolio and the return on investments is in acccrdance with the bgnchmarks agregd by thg Trust99S Wlth Ihgm. APPENDIX 1 Achievements and performance Summary of tho maln achlgvements of Donations totalling £ 83.000 was issued during this financial périod lo the eharlty durlng the flnanclal perlod Ihose organisations that the Trustees fell required the most support, whose purposes fell wilhln the spectrum of the Trust deed. Financlal review Brief stat•m•nt of the charfty's policy on Ms•r¥•s As the charity has no recurring expendilure on an annual basls the Board of Trustees consider the current lev81 of reservés to be suffl¢ient. Detsils of any deflclt None Donat•d fa¢llltles and services Ilf any) None APPENDIX 1 Other Optional information Declaration Th• truslees declare that they hav• approved the tru3tee5' report above. Sl9n•d on behalf of th Slgnaturels} Full narnels) Posltlon {e.g. Chair) Trusleo 51ts12S REGISTERED CHARITY NUMBER: SC028487 for Martin Charilabl McLay McAlister & mcGib￿n LLP ChattcredA¢¢￿U1l8llts atKI Sthwiory AudiwTS 145 Si Vll￿ent Street Gl¥go G2 5JF Pag¢ Rep(It of the Trustees R¢pgrt of th¢ IDd¢P¢nd￿l AuditOfS atement of Financial Activities Balance Sheet Notes to the Financial stsianents 9 to 16 Det2ilÈd Stoternent of Financial Activities 17 The trusiee5 P]Esenl their repm with the financial statements of the charity f(x the year endEd 30 NOVem￿r 2024. The mistees have adopred the pn)ViSiOlls of Accountinii and Reporting by Charities.- Stsiemeni of Recommended Practice applieable 10 ehariiies preparing iheir accounts in accordance Mqth the Financial Reporting Sthndard applicable in ihe UK and Republic of Ir¢land IFRS 102) (effeciive l January 2019). OBJECTIVES AI¥D AcfiviTIES Objectives arsd airns Th¢ principal objects of the charily are ihe relief of poverty, thc advanc¢mcnt of cdu(alion. th¢ advan¢¢m¢nt ol heald lh¢ saving of Iivc5, thc advanc¢TnBnt of citizeT]5hip or coThut]untty development, the advancemenl of the atts h¢rilag¢. cultur¢ or ￿l¢nCe. th¢ advanc¢iM¢nt of public participatiom in swrt, the provision of rccreational faciliti¢s or tl organ15aiioii of recreational activiti¢& with th¢ obj￿1 of improving th¢ co￿11￿(￿]5 of lif¢ for ihc pe￿onS for whom I facilities or activitie5 are FiThar21y intended, the advanccmcni of ¢nvironmcntsl prot¢ction or improv¢m¢nt. th¢ r¢li¢f of th(6e in need by rea50n of age, ill4ealth, disability, financial hardship or any other di5advtsntsge, the advancemeni of anirnal welfare and such oth¥charitable fijnds, socielie4 OTgan]S￿lOns, schemes or purFN)ses. Donation poll The Thstees apply the ￿ndS of the chaTity at their discretion in accordance with the Trugt PuTposes established underthe Trusi Deed. In awarding donation& t￿ Tn]stees will appty the following princlples: The Tn)￿ee9 wdl consider any reqU￿t from any gwgrdphi¢&l area within the UKIOversea% and from o]ynisarions and individuals alike. Thc Trusl¢es will ¢arry out sufficieni due diliwi(x io eILSu￿ that the request meets the Tntst Pu￿0$e5. The decision of the Thlstees on wh¢th¢r to awdrd a donation is fin41. The Trustees are n(A obliged 10 PJDvide an explanation to applicants in the event that their appliGaiion 1$ nol su¢¢¢55ful. Hans for the futu) The Trustees plan io follow a policy of makÈng donations ¢0 those organisation5 and individuals they feel require mosl suH)ort and whose pwses faIl within th¢spectrum of the TTUSI Deed FITr]ANCIAL REVJEW F5mgn¢ig1 positio Th¢ Unr¢strict¢d In¢on)e Fund at th¢ beginning of the year amow)ted to £21206 to which was added rtt£ipts of £98,040 and from M'hieh was dethicted payrnents of £96.616. including donations of £83.IM)O leaving a balance of £22.630 carried fonwaTd The r.xwdable F.ndtbwmcnt Fund ai the beginning of the year amounted to £2.909,644 to which was added invesrmetm gait)s of £378.726 and from which wa5 d¢ductrd paymcnts of £42,959, leaving a bala￿t of £3,245.41] carried fonvard. The Trustets have the t￿￿Wer lo invest in &e¢urilie5 as auilM>rised by the Chariiies and Trnstee Investment Iscirtlaidl Art 2005 and Regulaii(Mis 2016 and as sel out in the Constltution. The investmeni ￿lICY, which is reviewed by ihe Trustees f￿M time to time ￿ aimed at mainwining the real Vdlue of the TnL81 fimds over a period of years and thereby providing a reasonab]e level of income forcharitable donations. R¢s¢rves polky As the charity has no T¢CUTring exFtnditure on an annwdl basts the Board of Tn￿teeS consider the CWTent level of serves lo be sufficient Page I e MartiTJ aTitd)le Trust STRUCTURE C.OVERNANCE AND MANAGEMEf4T Governing document Cwnisational Sinjcture: The trusi is a regisiered chariry, numt*r SCO284￿, and is consiituEd under a Tmsi Deed dated 2￿h April 1998. Rttruiiment Of New Members.. Serving trustffs are apPo￿ted a8 require& taking inio account iheir skills and knowledge. Induciion and Trdining of New Tnjskes.. Gen￿allY mist¢¢s ar¢ familiw with tk work of the charity prior to their appointment. Training is provided as ￿quI￿1. REFERENCE AND ADMINISTRATIVE DETAILS R¢gisterwJ Charity numlxr SC028487 Principal addrfss cjo Miller Beckett & Jackson Ltd 190 Si Vinttnt Sireet Glasgow G2 SSP Trusiee Audléor5 McLay McAlist¢r & McGibbon LLP chart¢r￿ A¢wuirtants and Statutory Auditors 145 St Vinccni Strcct Glasgow G2 5JF Faetors Legal Advisers Miller Beckett & Jackson Ltd Solicitors 190 St Vincent Street Glasgow G25SP Invostment Advisers Rathbone Investment Management Ge￿￿e EIoLLse 50 George Squa Glasgow G2 IEH STATEMENT OF TRUSTEES, RFSPONSIBILITIFS Th¢ tNslees are responsible for preparing the Report of th¢ TTUSt¢es and the fmancial statem¢n¢5 in accordan¢¢ with applicable law and United Kingdorn Accounting Standards (United Kingdom Generdlly Acceoed Accounting Praciice) ikcluding Financial ReE￿Ing Siandard 102 "The Finabcial Reporting Standard applidjk in th¢ UK and Republic of Ireland". Page 2 STATEMENT OF TRUSTF.F.8' RESPONglBILITIES- coiiiDnued The law applieable io charities in Sc￿lan￿ Ihe Charities and Trustee Investmeni (Scoi]and) Act 2005, Charities Accounts (Scot]and) Regulalions 2006 (as amended) and the wovisions of the Ch￿]ry,5 consiiwiion. requires the tNste¢s to TW financial statemenis for each fiDancial year whicli LJiv¢ a true and fair view of ihe Sla￿ of affairs of the charity and of the inc(miing r¢sour¢es and applicatiffl of tEsources. including the income and expenditure. of the chatity for thai Feri(Kl. In preparing th(￿¢ fi￿an¢la1 the arerequired io selecl suitablc accounting ￿1]¢1¢5 and th¢n apply them consistently> observe the Meth￿￿5 and principles in the Cliarity SORP. make judgelnents and estima￿ th￿ are reasonabl¢ and P￿￿¢nt. pKpar¢ Ihc financial stal¢ments on the going Concern basis Unl￿ it ￿ inappropYiat¢ lo pr￿um¢ that th¢ ¢hority will continu¢ in busin¢ss. The trustees are reswnsible for keeping proper accounting records whi¢h di%lose with ￿aSOnable accurdcy at any time the financial position of the charity and to enable t￿M to ensure th￿ the financial slatements compty witkn th¢ Chpritie5 and Tryst¢e Jnv¢stment (Scotland) Aei 2005, the Charities Accounts (Scotland) Regulations 2006 (gs amended) the ovisions of the charity's ¢OTStitution. Th¢y are also resFMmsible for safeguarding the assets of the charity and hence for taking reawable Steps for the prevention and det iio of fraud and otlw ]￿egUlaTitieS. d bi. cY4er pf the hrytrd trftn.'*tee% (w . - and signed on its behalf by.. PAge 3 OpiNion We have audiied the financial ￿atements of The Martin Charstsble Trust (the charity,) for the year enthd 30 NoVem1￿r 2024 whiLh cornrytse ihe Si￿ement of Financial A¢tivities, Ihe Bala￿¢ Shed and notes lo the fiiiancial siaternents. including a suinmary of significant accountillg policies. The fmdncial reporting fiTunework rhat h&4 lyn applied ii) their prepararion is applicable law at]d United Kin¥dorn Accounting Stalldards (United Kingdom Generally Accepted Acc0uTbti￿8 PraciieeA llicluding Financial Reponing Stsndard 102 Tr Financial Rewrting Standard applicable in the UK and Republic of ITeland'. In our opinion the fJnan¢ial sTat¢m¢nts: give a true ayNJ fair vi¢w of thc stat¢ of th¢ ¢hariry's atPai￿ as at 3Q Nov¢mb¢r 2024 and ofits incoming r￿QUr(e5 a appliLation of resource5. lor the yearthen ended. hav¢ p[pp￿lY ptepared tn accordance with Uniied Kingdom Generally Ac¢eEAed Ac¢ounling Pradirt, including Fiiiaiicial R¢portiiig StaJ)dard 102 'Th¢ Fiiiarycial R¢porting Slandard applicable in the UK and Rtwblic of Ireland- have been prepared in ￿cOldanCe with th¢ r¢quircm¢nt5 of the Chwitics and Tn￿￿¢ Inv¢slm¢nt (Swtland) AL* 21K15 nd Regulation 8 of tlje Charitie5 Atcounls (Scotlund) Regulations 2006. Basis for opinion We ¢ondu¢ied IM3r audit in a￿OrdanCe with Intemational Standards on Auditing (UK) (ISAS {UK)) a)d applicable law. Our reswJnsibiliri¢s under those standard5 are fiffther descnThed in the Audit￿5, reS￿nsibIlItieS for the audit of the fjnancial ststeinents section of our rewrt. We are ind¢pendent of the charity in accordaTV with the ethitrdl requirements that aTe relevant to our audit of the f￿anCial statements in the UK including the FRCS Ethical Srandard, and the isions available for small eniities: in the circumstances set out in note 13 to the fll)ancial staiements, and w¢ have fulfilled our other ethical resw)sibilities in accord2h￿ with thegt requircmcnts. We believe that the audit evidenLY we have 0￿01ned is sufficient and appropriate lo provide a basis for ouropinion. Conclus￿nS re]atiMg lo going Concer In audiling thc fmanrial stat¢m¢nt$. we have concluded rhat the thjstees, use of the going concern basis of a¢countAng in th¢ p￿pa￿tIOn of the finanrial statements is appjupriaie. Bascd vn ihr wojk we have perfonned. we have Iiot identified any material yiic¢rtau)ties relatii)g to ¢Y¢Jits or corKlitions )al, individually or collcclively, may casi significani doubt on the charity's ability to conttnue as a going concern for a ri(Kl of ai least twelve rn(mths fr(xn when the financial s(aiements are auihorised for i&8ue. Our responsibilities and the responsibiliti¢s of the tnjstees with T¢specl to going conc¢rn are described in the relevant sections of this report. Other m4tt¢rs In the previous ac¢ounting p￿7(KI the ¢hariWs gTOSS aSS¢ts were under £3260,(X)O and therefore prior pericd financial ststemeiits were llot subject lo audit. Other Informat￿n The tn]stees 8re ￿spOnSible f(r the (ther infom)ation. lthe other inf¢Jmiation comprise5 the infom)alion included in the Annual R¢port. (Jtherthan the fmancial ststements and our Report of indepe￿ent Audiiors thereon. r opinion on the financial siatements d(Ks n(t cover th¢ ¢)th¢r ￿f0T￿all1Jn ary(i Excwt to the ¢X￿nt otherwise explicitty llated in wr twort. we do express any forni of assurance conclusion thereon. In connection with i)UT audit of the financial staiements, our ¥espJ)sli )iliry is io read ihe odKr inf0m)￿IDn and. in doing so, consi(kr wheiher th¢ other inforniation 15 materially inconslstent with the financia] slaternents {* ow knowledg¢ obtained in the audii or othenvtse appvdrs to be materially misstated. If we identify such maiejial inconsisteneies or apparent material rnisstatements, we are required to d¢temin¢ whether this gives rise lo a material misstatemeni in the financial statcments the￿￿elves. If, b&%ed on the wod( we have p￿rfOrnIed, we conclude that there is a material missthtem¢nt ofthis other inforn)atiori, we are required to report that fa¢L We have nothitig io report iti this regard. Page 4 Mallers OTh which wt are required to report by exwltion We have notlling 10 rewrt in respect ofihe following matters itheTe the CharitÈes Accounts (Scotlandl Re¥ulati{￿S 201 require5 LIS lo rew)rt tt> you if, in OUT opinion.. the infomiatK)n given in the Report of the Trusiees is inconsi5*nt in any material resF*tt with the financial statements or proper accoumlingrt¢ords have noi ￿eTh kepi; or the financial stareinents arenot in agreerneni with the a¢¢ounTing re¢ords and returns. or we hav¢ not ￿re1V¢1 911 the inforniaTiOn and explanations we requir¢ for ouraudii. Kespondbllltles oftrnstees As explaincd mor¢ fully ￿ th¢ Ststernent of Tru5tce5' Restx)nsIl)ilitie& the tmstees resp(x]siblc for lh¢ preparation of the financial stat¢m¢nts whE¢h give a trLJe and fdit view, and for such internal control gs the tntstee5 drfermiJJ¢ is n￿Osary to ena)le the preparntÈon of f]nancial statcmcnts that frre from Tnaterial misstatemcnL whether due to fraud In p￿paring the financial statement5, the truslees are responsible fw assessing the Ch￿Ity'S ability 10 continue as a going concem, disclosin& Is applicable, matters r¢lat¢d to goiiig concern and using the going concern basis of accounling unless the truste2s eiiher inteTtd to liquidate Ihe ¢hgyity or to cease operations, or hav¢ no realistic alternative to d Our ￿Spon$1b11tiÈS for the Audit of the financial ststem¢nts We liave been aprK)inted as allditors under secti￿ 44(INc) of the Charities and Twstee Investrnent (S¢ot]8ndl Ad 2005 and retKyrt iti accordance with the Act and relevant regulations ntsde or having effect thereunthr. Our 0￿cCtIveS are to obtain reascmable assurance al)out whether the financial statements as a whol¢ are fre¢ fJDm Tnaterial missl8temenL whether due to fraud or error, and to issue a Report of the Independent Audilors that includes our opinion. R¢450nable assufdnce is a high kvcl of aSs￿r￿jECe, but is not a guarantee that an audit cimdllcted in accirdance with JSAS (UK) will always ddeu a rnaterial misstatcmcnt when 1¢ cxi5ts. Mistht¢m¢nt5 can aTiSC ftorn fraud or ert(f and are considered ma*rial if, ii)dividudlly or in awgatc. IhEy Lould thonably bc expwted io uiflu¢nce the CLMomic decisions of users ￿k¢ll on tlie basis of th¢% r]nancial $talvncnl5. The extent to which our proCedu￿S are capable of detrcting i]Tegularities, including fraud is dctsiled below.. In identifying and ass¢s5ing risks of malerial rnisstatement in respect of inrgularilies, including fraud and non-compliance with lavs and r¢gulations. w¢ considered ihe following: - th¢ nalure of the charity and it's control environment - Kqults of our enquiries of the Trustees about their own identification and assessment of the risks and iTregularities' any matters we identified h214ng revlewed the d)aTitys nternal controls ethblished to miligate risks of frdud (* oncmipliance with laws and Tegulations" - the matters diwussed among the audit engagement teom regarding how Ènd where fraud might (￿cuT in the financial statemenrs andany potential indicators of fi7ud. We tsbtained an unthrSt￿d]ng of the legal gmd ￿gUlatOry framewotk thai the charity Iyerares in. The key laws aJ)d r¢gulalioAs we LX)nsidered included the Cha]ity SORP and the Scottish ChaTiiies re¥u]atiths. We assessed ihe extent of complianc¢ with the5¢ Iiw5 and regulations &8 paft of our pr(Kedures on the Telated finaT)cial 5taten]enl ite]n5. Auditing slandards limii th¢ wuir¢d audil procedure5 (O i(kntify non-compliance with these laws and ￿gulationS tt> enquiry of the tTusiee5, inspeciion ofregulatory and legal corr¢5pond¢pcw if any. revielv of minutes of meeting5. Thes¢ limit¢d ocedures did not identify athaI or 5Uspect¢d non%ornplianff. A finther de￿iptI(￿) of WT responsÉbililies for the audit of the financial statements is I￿ated on th¢ Finawial R¢porting Council's websiie at wwiv.frc.org.uklauditorsresponsibilitie& This descri￿]0￿ forn]s part of our Report of lh¢ dep¢ndent Auditor5. Page 5 Use ofour report This report is ma,513 EXPENDITURE ON RaisiÈJg fvnds 23279 23,279 21.433 Charitsble adivities Grants Support Costs 83,000 13,616 83.0(Ml 33,296 78.000 24,344 19,680 Totsl 96,616 42,959 139,575 123,777 Nct ga1nsl(l¢x￿) on inv¢51mems 373,726 378,726 (88,497) NET INCOMElff XPEf4t)ITURE) 1.424 335.767 337,191 (111.761) RECONCJLIATION OF FUNDS Tthal funds br￿Jght foTward 21,2¢ 2.909.644 2.930,850 3.042.611 TOTAL FU24DS CARRIED FORWARD 22,630 3,245,411 3268,041 2.930,850 CONTINUING OPERAT10Tr4S All income expendi￿￿ hts grisen from ¢ontinuing aciivitie& The notes fomi w ofihese thancial ststements Page 7 30.11.24 30.11.23 Unrestritted Expendable Endowmeni Fund lJnrestricled Total funds Toial fund$ fund Noies FIXED ASSETS Investments 3260,323 3,260?23 2.935,103 CURRETrrr ASSETS Cash in haThl 36227 8.687 44,914 23.558 CREDITORS Amounts falling dL* Within oneyear 10 (13.597) P3,599) (37,196} {27,811} I￿T CURR￿ ASSETS 22.630 (14,912) 7,718 (4,253) TOTAL ASSETS LESS CURREIYT LIABILITIES 22,630 3245,411 3,268,041 2,930,850 NET ASSETS 22,630 3245.411 3,268,tMI 2.930,850 FUNDS Unre5trict¢d funds.. Unrestricted Jncome fund Endowmeni fullds: Unrestricted Expendable Enthwn)ent Fund 22,630 21,206 3245.411 2,909,644 TOTAL FiJfqDS 3268,041 2.930,850 na￿l81,￿tateMen1s were approved by the Board of and authori%ed for issue ere sig)¢d on its behalf by.. The notss fom) part of these fmancial statements Page 8 ACCOUNfii¥G POLICIES Basis of prep4ring the fin*nei#l statememts The fmancial statements ot the charity, which is 8 txjblic benefi1 eniity under FRS 102. have been p]ryared in accordance ivith the Charities SORP (FRS 102) 'Acc(xJntin8 8nd Reporting ty ChariiiL%.' Statement of Recommended Fyacticc applicable to ch&iiies preparing their accounts in accordance with th¢ Finartcial Reportin(T Standard applicable in the UK and K¢publi¢ of Ir¢land IFRS 102) (effective l January 2019)., Financial Re￿rtin Standard 102 'The Financial Reporting Standard appli¢abl¢ in th¢ UK and Republic of Irel&)d' and ihe Charities and Trustee Inv¢slment {Scotland) Act 2(M)5. The f￿￿la) slalenwnts hav¢ b¢¢n pr￿T￿ und¢r the historical CDSI conycntion, with th¢ exception of InV¢sb￿¢￿ts which are it]Lluded ai majket value, as mvdified by the tevalualion of c¢rtain ass¢ts. FiTrancial reportlng standanl 11)2- red￿ced disclosure exemptions The charity has tak¢n advantage of the following disclosure exeinption in F￿¢PatTrng these financi8] ststcrna)w as pemiitted by FRS 102'The Financial Reporting Standard applicable in th¢ UK and Republic of JTeland': th¢ requirements of Section 7 StatemenTof Cash Flows. All in¢oine is recognised in lh¢ Stat¢m¢nt of Financial Activities once the chariry has entitjememt to the funds, it is probable ih¢ in¢om¢ will ￿ceIVed and the amount ¢8n be meaSU￿E reliably. Expenditure Liabilities are recognised a5 exttnditure as swn as there is a legal or constnictive obliwion ¢ommitting the charity lo that expenditu￿, it is probable that a iransfer of ecixM)mic bencfrts will be required in settlement and Ihe 2rnounl of the obliga11￿ can be M&￿U[ed reliably, Ex￿nditUte is a¢counted for on an accNals basis and has been classifsed under headings that aggregaie all cost related to the category. Whcr¢ ¢05ts ¢onnot be direcily allribuied to Particular headings they have been allocated to activiti￿ a basis ron515tenl with the use of resources. Taxatk>n The charity isexempt from tsx on its dJarAtable activitie& Inv(stm¢nts Investsnents are rccopJ)i8ed initially ￿ foir value which is nom)811y the tranwiion prio excluding It￿SactIon ¢05ts. Sub5¢qucnily. they are measured at fair valu¢ with reolised a￿d untealised gall)s and losses re¢ognised in 'net gains l (losses) on investments, in the SOFA rf the shares are public]y tr￿le￿ or thev fair valu¢ ¢￿ otherwise be measured reliably. Current ￿Se1 investments are short tenll highly liquid investments a￿d are held at fair Va￿¢. These include ¢&sh on deposit and cash equivalents with a m8h]rity of less than one year. INVESTMENT INCOME 30.11.24 30.11.23 Dividends Inl¢r¢st 95,617 2,423 99,912 98,(AO 100.513 Page 9 continwl... RAISING FUNtK Investjnent maDagemeThl costs 30.11.24 30.11.23 Portfolio management 23,279 21,433 CHARITABLE ACtIVlTIES COSTS Grdnt adiviti¢5 (5tt not¢ 5) SupF Osts (s¢c note 6) Totals Grants Supwjrt Costs 83,000 33,296 33,296 83,(KKI 33.296 116,296 GRAiYfs PAY ABLE 30.11.24 30.11.23 Grants 83.0(M> 78.0(M) Page 10 continued... GRANTS PA YABLE- Continued The totsl grants paid io instituli(WbS during ihe yearwas as follows: 30.11.24 30.11.23 rgowan Hospice Beatson Cancer Charity British Red Cro&8 Brothers in Amis Cancer Research UK Chrisiian Aid, Scotland Deafblind Scotlar]d Edinbu￿ Young Carers Geeza Break Glasbyow Cart Foundaiion Glasgow City Mis55on Gl&%gow Golden Gene￿iOn HOpsco￿h Children's Charity Junction 12 Kelvinside A￿demY tkuchie House Nonh Ben¥ick Lilias Graham TTUSI Macll]ar Society Mentsl Health boundatNyn Music in Hospilals Natinnal Youth Orchestr&s of Sc(xland Reidvale Adventure Playgrou￿1 Renfrewshire F(H)d Bank RSPB Scotland Salvation Arn]y, Nurth SLX)Iland Division Save the Children Fund (Scoiland) Scottish Ambulance SeTVi¢¢ Seafarets UK Si Andrews FirstAid Si Columba School, Kilm￿0]rn Sunshine Wishes Teapot Trust Tenovus S¢otland The Grob Trust The Haven, Kilma¢olm The National Trust f(* Seotland The Social Bite Fund Whi72 Kids 3D Dnjmchapel 10,o(K) 4,000 4,000 ioooo 4,000 10,000 iooo iooo 2,000 2,000 i.o(10 1,000 I,(KJo 2,¢N)O 6,000 3,000 1,000 1,000 2,(X)O 10,o(( 5,000 5,000 I,o(M) I,o(N) 2,000 1.000 2,000 1,000 2.000 1.000 4,000 2,000 2,￿0 2.(K)O 15,(K]O 1,000 15,000 2.000 1,000 2,000 4,000 i.￿0 2,MO 2,￿0 2.1KlO 83,(KK) 78.IKX) Pagell eontinual... SUPPORT COSTS Governance costs Management Totals Supp)n C￿ts 27980 5.316 33,296 Supw>rt cosrs. included in the above, are as folknws.. 30.11.24 Support Cosis 30.11.23 Total activiti¢S Factors fee5 IndeFndent examiner ftt5 Audit ttrtificaie Ind¢F¢ndent auditor fees 27,980 21,000 2.504 4,2(M> 33,296 24,344 TRUSTEES, REMUNE]UTION AND BENEFITS There wer¢ no tr]stees' rem￿eratIOn or other i￿nefItS for the year ended 30 Novemtrer 2024 nor fr the yeaT ended 30 November 2023. Truslee5' expeThse% There were no tsusrees, expenses paid for the year ended 30 Noveinber 2024 nor for the year ended 30 Novemkr 2023. COMPARATIVES FOR THE STATEMENT OF FJNANCIAL AcfIviTIES Unrestrtcted Expendable Endowment Fund Unr¢stricted Income fund Total INCOME AND ENDOWMENTS FROM Investn￿nt income 100.513 100,513 EXPENDITURE ON Raising funds 21.433 21.433 Charitable activitks Grants Support Costs 78,0 12,044 78.000 24,344 113(KJ Total 33,733 123.777 Net gain￿(1035¢9} OD invesknents (88,497) (88,497) NET INCOMEl(EXPENDITU￿) 10.469 (121230) {111.761) RECONCJLIATION OF FUNDS Total fiJThl% br￿ght fotivard 10,737 3,031.874 3.041611 Pdge 12 ¢thtinued... cofvtPARATIVES FOR THE sfATEMENT OF FINANC]AL ACTIVITlLS- contill￿ed Unrestri¢ted Expendable Endoivment Fund Unrestricted Income fund Toial fun(ts TOTAL FUNDS CARRIED FORWARD 21206 2.909.644 2.930.850 XED ASSET INVESTMENTS Listed investments MARKET VALUE At I Ikcember 21J23 Additions Disp)sals Revaluation5 2.935,103 1268,851 (1,322,357) 378,726 At 30 N0veTnI￿r 2024 3,260J23 NET BOOK VALUE At 30 November 2(J24 3.260.323 At 30November 2023 2.935,103 The historical cost Lbe invesimenis as a130 Noveiiiber 2024 is £15¥2,141 (2023.. £2,20&292). The trustholds inV￿tments on UK, EuTopeon and American stock exchanges. VAlue 2024 Cost 2024 Valu¢ 21123 C05t 2021 Aberforth Smaller Co'5 Trust Alliance TNst PIC Alliance Witan PIC Bankers Inveslment Trnst M(Kkk5 Investrnent TrLSt Murray Incom¢ Trnst PIC Miirray International Tru%t PIC STS Global Inc & Growth TST TeTnple Bar Invesimern Tn]sr 215,150 386,712 213,863 3(16.908 472J20 306.908 319.4()4 360,914 320.190 368.61K) 334.910 231,290 189,966 3U9.308 219,626 324.611 34M,718 124,759 203.200 136,711 227,395 190,068 Cost orvalu￿10n at 30 NoveTnber 2024 is typresenied by.. LI￿ed investments Valuation in 2024 3,260?23 Page 13 eontinu&l... CRF.DITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.11.24 30.11.23 Other crediiors 37.196 27.811 IJ. MOVEMENT IN FUNDS Nei movement in fi￿d$ At .12.23 At 30.1124 Unrt51ricted fund5 UnTE5tricted Income ￿nd 21206 1.424 22,630 Endmvmtnt fumds Unrestricled Eypendable Endowment Fund 2,909,644 335,767 3245,411 TOTAL FUNDS 2.930.850 337,191 3268,041 Net movement in funds. included in the th)ve are 8% follows: Incoming resouw¢s Resources expended Gains and losses Movement infun Unrestricted funds Unre5triCted Income fund 98.(MO (96.616) 1,424 EndowrlleM¢ fund5 Unrestricted Expendable End0￿￿ent Fund {42,959) 378,726 335,767 TOTAL FUf4DS 98,040 {139,575) 378,726 337,191 Compthrntives for movement in funds Net movement in funds At 1.1222 At 30.11.23 unrestrkt￿ funds Unrestricted Income 10.737 10.469 21206 Emdowrntnt fuffids Unrestricted Expendable Endowinent Fund 3,031,874 (122230) 2,￿9.644 TOTAL FUNDS 3,042,611 {111.761) 2,930,850 Pdge 14 continued... MOVEMENT IIY FufiDS- continued Comparatiye movement in funds, included in the above are as follows.. Incomtng resources Re50uwes expended Gains and losses Movement in fim(Ls Unreslrided fvnds Unrestricted Income fi]nd I(￿.513 (90.044) 10,469 EndoMThent Unrestricted Expendable Elldomment Fund {33,733) (88,497) (122,230) TOTAL Fuf4DS 100,513 (123,777) (8&497) A cutTenT year 12 m(N]ths and prioryear12 months combined position is as follows.. Net m