Charity registratlon number SC029604 (Scotlandl SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Scottish Charity Numbèr SC029604 Secretaries & Treasijfers IAl$o Prlnclpal Addr•ssl Azets Ouay 2 13Q FDLintainbr dge Edinburgh EH3 9QG Medical Advisor Inveslm¢nt Managers RBC Brewin Dolphin Sixth Floor, Atiia One 144 Morrison Street Ediryburgh EH3 88R Banker5 Cater Allen Private Bank 9 Nelson Street Bradford BD1 SAN Independent Examiners Johnston Smilliè Ltd Chartered Accountants S Soulh Gyle Crescent Lane Edinburgh EH12 gEG SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST CONTENTS Page Truslees, reporl Ii*ependeiil exdlllll)er's reporl Slalemeiil at financial activities Balance sheet Notes lo Ite financ1al statenienls 8-13 SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial statemen15 lor the year ended 31 December 2024. Objectives and activities The prin-ipal objecli'ies ol the Trust are"_ a p'ovicling charitable aid for persons in redLJced circutnslances who lil ale or have been connected wlh the Bui ding Tréde In the City of Edinburgh, East Lolhian. Vvesl Lolhian or Midlolhian and also lill are connectec th'ilh the 8uilding Trade through the Scoltssh Building Federation Edinburgh and District Assccialioi or the wi00￿5 or widowers, children Dr cther dependent relatives ol the qualifying beneficiaries., b a.avancing education by providing grants, scholarslips. bursaries and other financial assistance lo those Involved in Ihe Building Trade In tlie saiiie geographical area as above and the childrei) of those so Involved In the Building Trade-, c prO￿lding pri£es and 8bvards for Universili,. College and otheT further educatior) courses Involved in skills relalino lo the 8uilding Trade In pracliie applI￿tIonS from persoiis In reduced circurnslan¢es are considered and where appropriate a grant Is made Stholr.rships are 3bvarded to graduate and poslgraduale students of local Universities and Collègès to PU'SLie lieir slLidies or ID carry oijl re4parch. Prize myney has prei'iously been oivey to each relev8nl Universi'.y 01 College lo encourage excel'ence In "ourses relating lo the buildirg trade. Al the cuirent lime, the Trusl has not been making prize awards as there Is a preference lo use funds Io bUPPQrt students who ale in need finanaally Review of activities The Trust, aw2rded 59 1202? 571 scholarships and burs8ries lolalling £19,30012023 - £18,700) and 11 welfare grants l018lling £11,25C12023 t11.6401 This Included £5,000 paid towards the Ridge Founéalion. The Trust Incuriècl nel expenditLJre before gains on Investments of £23,006 12023 £20,228). Charitable expendilure In the year iolalle(J * 40.292 12023 - £38.592}. The Trustees have c31riÈd out their dulles under the cons¥itulion and distributed funds a8 indi¢ated above. Each apJlicalion for grant or burqary is sympalhe'.i¢ally and carefully ¢onsideiedby the Welfare and Student Sub- Committees The TrLl4t does not have any employèès. hence no remuneration is paid. Grant makirb9 policy Gran1< are paid oLIt In accordance wth tbe. objectives ol the Tiusl The circumstances of the persons applying lor chaiily aid are reviewecl by the Trustees before a decision is made as lo whether or not a oranl should be made and if so the amount of the grant. A doctoi advis& the Welfare Sub-committee on relevant cases. A slaid8rd application loim Is used lor those wishiw lo apply lor a scholarship or bursary which provides the Inlorrnation required lor Trustees lo de¢i¢e on the merits ol the application. SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review The Incoi)e lor the J'ear. which arises Ifoni Inveslnienl income, amounted lo £39,615 12023 £39,677). harilable aid and cranls tolalliig £30.550 12023 - £29,313) were awarded during Ihe year and. after expenses iave been deducted, the nel exFendilure for the year. before realised and unrealised gains on Investments. amouryled to L23,OIJ6 12023 £20.2281. Tre Trustees are 5atislied with this Dperalional outcome. After nwesiinenl gains 1202J - gaiil. the net Increase In funds amounted to £127,41412023 - net increase in funds of r69.034, Du"ing lye year Investments (excluding cashj increased in value to £1,763,419 on 31 December 2024 from r1 621 K89 at 31 Decembèr 2023 The portfolio reflected market conditions in asset value and re81ised and unre21ised gains. The reserves ncreased in the Year tJ 31 December 2024 from £1,651,174 10 £1,778,588. all reserves being unrestricted Th15 movement being the result ol a £130 420 gain on Investrnents and £23.006 nel expendilure on Jper81ions. Reserves policy Grants niade In accordance with the constitution of the l.ust are paid out ol Inveslmenl and oll)er Incoiiie after Jeduction ol adminislra'.Ive expenses. 11 Iheie Is a shortfall, up to 10 of 11)e ILJnds held at the beginning of Ilie financial year Illay be cisbursed r1.-75.458 resernre> voere held at 31 December 2024 12023 - f 1,651.1741 all ol which is unrestricted. The Linresiricied fiinds tomJrise Income siirpliis retained ovcr Ihp Triis1'5 history and, al 31 December 2024 1 171 427 j?021 _ r1 437,7471 was investpd n order to generate future income. The £ 1 -77.487 held in investments can only be Fealised by disposing ol holdings in the portfolio. This leaves 1 151 01 resource5 freely ai.ailable. Investmgnt policy During ttte year the Trustee5 èmployed RBC Brewin Dolphin as Investment managers ol Ihe portfolio on a Jiscrelionary basis. The Investment cbiecli4e vias lo main'.ain a diversified portfolio aiming lor a balance between Inconie and capital 9roKrtn viithin a medium risl profile on a total retL'rn Investment strategy There are no specific inveslfftènl 'estriction5 or ';irn talions applied to the portfolio The performance ol the portfolio 15 compared against the ARC SteaQs Giuwili alid PMFA BdlaiiLed beiiiliiiia-ks The portfolio Is monitored by all the Trustees al each meeting The i'ivesinient maiiagei altep.ds a TrLislee meeting annually to report on the investmcnt performan¢e and .Inswer-rLislees' qiieri:s. Th? TriJ41?eq are BwHre that the valLie of the portfolio las dropped recèntly following global events. As the nveslments are he d lor the long lem. the trustees do not believe this will have a sigiiilicaiit IM￿¢1 on the opef2t1011s ol Ihe Trust. Iiicome Jl L40.000 was budgete.J lor Ilie year eiiLled 31 DeLeii)ber 2024 1202J 023 - £-.79,6 1 1 I was ieceived £40,000), again51 which Risk management policy The boa-d .'egulaily assesses and considers the majcr risks to which the Trust Is exposed in particular those relating 10 operations and Iinarcirg ol the Trust The principal risk Is loss of capital due lo maikel risk on Ilie Investment portfclio This Is miiigaled by appiopi'iale syslerns arid contro55 and Ihe engagenienl ol experienced .nvesimEI)I iiiaiiagers. The I fusl anlicipales a long term future and accepts the realbty that linanGial rnarkets are such Iha.. capital val.ies of in4/estmenls will IluctU31e during a long time-scale SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DEGEMBER 2024 Plans for future periods The Trustees ivisn IcTr continue to 8UPPOrt the builcling trade by givin9 charitable aid lo those In need and lo encoura Je students In their education. The Trustees wish to maintain and enhar,ce the1r relationship with Sco1115h Building Fe¢eralion Edinburgh and District Association and a representative of that body is one of the Trustees. Structure, governance and management Constltutlon The Trus+ is long established by a Trust Deed which was reconsliluled on 15 Decembei 1999. The naTne of the Trust changed frcm EdinbLirch and District Master BuilOèrs' Charitable Trust to Scottish Building Federation Edinburah and Distnct Charitabl@ Trust on 10 October 2￿7 The list of trustees who h?[ ve served ddring and since the year end are listed on the charity Information p8ge. Appolnlment, Induction and tralnlng of Trustees The TrLis1 1¢ m£inG?gcd iny Trustees who are appointèd ag having the appropriate experience of the building trade. ducation system and other skills. New Trustees who ale appointed by the existing Trustees. are provided with a copy of the constitution and annual financial Commitlees The Sec'et2ries and Treasureis are responsible fof the adminislralion of the Trust SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Trustees. respollsibillties The Trustees are responsible for preparing Ihe Trustees. Report and the financial stslemenls In accordance with applicable law and United Kingdom Accoijnling Standards (United Kingdom Generally Accepted Accounting Practicei. The law applicable lo charities ln Scotland requires the Trustees lo prepare financial statements lor each financial year which give a IrLJe and fair view of the slate of affairs of Ihe Trust and ol the incomin9 resour¢es and applicaliun of resources ol the Trust lor tliat year. In preparing these financial statements, the Trusteès arè ièquired lo.. sèle-l suitable ac¢ounling policies and then 8pply them consistently.. observe Ihe methods and principles In the Charities SORP", rrake Judge￿entS and estimates that are reasonable and prudenl. stdle wlietlier appliLdble acwunlii)g standaids liave been followed, subject lo any maleiial departurc5 disilosed arid explaiiied in the financial slaleiyienls, aiid prepare the financial statemenlg on the going ccncern basis unless it is inappropriatè to presume that thè charilv w'ill conlinLie In operation The Trustees are responsible for ke&ping SLJffi-ient accounting iecords Ihal disclose with ieasonable accuracy al anv tinie the financial position ol the Trust and enable them lo ensura thal the financial slalemenls comply wlh '.he Ciaiities and Trustee Inileslmenl Is-ollandl Act 2005, the Charities Accounts (Scotlandl RegLJlalions 2006 .as a￿ended) and lie provisions ol the trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonaL)le steps for the prevention an(J detection ol fraud and other Irregulaflties. The Tr J<'eei 'eport 'AI8S Gpproi.ed by the Boarcs of Trustees. Chairnian Llatec" S May.)0"S SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST I report on the finan¢pal statements of the Trust for the sear ended 31 December 2024, which are sel Cut on pages 6".0 13. Respective responsibilities of Trustees and examlner Thè Trust's Trustèes arè respons1ble for the preparation of the financial slalernent5 In accordance with the terms of the Charities and Trustee Inve5trnenls (Scollandl Act 2005 and the Charitie5 Accounts (Scollandl Regulations 2006. The ch81ily's Trustees consider *hal the audit requirement ol Regulation 101111al lo Icl ol the 2006 Accounts Regulations does noi aJply. I.. Is my responsibility lo examine the financial statements as required under section 4411 Ilcl of the Act and lo stale w,hether partlvular matters havè corne to my attention. BasS$ ol indeperdent examiner's statement My exaniinalion Is c8rriecl out In accordance with Regulation 11 of Ihe 2006 Aecounls Regulations. An exani nation In=lude> a review of the accounbng records kept oy Ihe charity and 3 cornparisoli of tlie fiiiancial statenienls preseited v4ilh those records. 11 also iiicludes consideralioii of dlly uriubual Iletns or disdosures In the f￿nancIal slaletT)enls. and seeks explanations fr0171 Ill￿ trLlStees conceri)Ing aiiy such matters. The pro￿￿￿[e5 undertaken do nct Pi OV1Je dll Ilie evidence that would be ieqLiired iii ai) audil arid consequently I do not cxprcss an audit opiiiion 01) the vie1¥ giveii by Ilie finaiiwial slalemenls. Independent examiiier's statement Iii ioi'.lie￿tio'l Wlth iiiy exaiiiinalioii no maltei has Come to my attention. (al KvPict gives i))& reasonable cause to believe tlial Iii aiiy I￿aterial respect the requiiements.. lo keep a¢counliiig records in accordance ivilh section 44111181 of the 2005 Acl and Regulation 4 of the 2006 Accoun".s Regulations,. and ili} lo prepare Iin8ncial slaleff ents wh1ch accord with accouniing records and comply wilh Regulation S of the 2006 Accounts RegLJlations, have ntsl been mel or Ibl lo iyhich in my opinion. attention shoJld be drawn In oroer lo enable a proper understanding of 11 f nanc al sl¢lenients lo be reached Reie'idni Piolessioiial body The Instilule ol Chartei'ed ACCL￿NtarIl5 in England and Wales Johnston Smillie Ltd Chartered AccoLnlanls 5 South uyle Crescent Lane Edinburgh EH12 9EG 12.05.2025 Dalec SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Total UnrestriGted funds 2023 2024 Notes Investments 39,615 39,61 S 39,677 Ex nditure on- Raising funds 22.J29 22.329 21,313 Charilable activities 40,292 40,292 38,592 Total expenditure 62.621 62.621 59,905 Ne.. gainslllossesl on Inveslnienls 1 $0,420 150,420 89,262 Net movemenl in funds 127,414 127.414 69,034 Fund balances al 1 Janu8ry ?0"4 1,651.174 1651.174 1.582.140 Fund balances at 31 December 2024 1,7-, 8,588 1 778.588 1,6)r1,174 The s'.alemenl ol financial abliwities Includes all gains and losses recognised In the year. All I￿Or1e and expenditure derive from continuing aclivilies. SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST BALANCE SHEET ASAT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Investments 1,171.437 1,631 787 Current assets Debtors Cash al bank and in hand io 726 4.971 19982 5,697 20 659 Creditors: amounts falling due wSthin one year 11 14.5461 17 2721 Nel current assets 1.151 13.387 Total assets less curient Ilabllities 1, 1-Ib.b88 1,651.174 Income funds Unreslricled funds 1,-18,588 1.651.174 ,178,588 1,651,174 Tk.e Iin8ncial st3'.emenis were 3pproved by :,he Truslees on S May 2025 SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accoui)ling policies Charity informalion Sc-ttish 8Lilding Federation Ed"'n-. regisleied ¢nd pr ncipa office Is a-d Dirtricl ChJrrtaWln T..usl i? ?* 'Jrinc?rporaled chaiily and Its 1.1 Accounting convention financial sta'.ements have been prepared In atcordance with the Trust's trLJSt deed. Ihe Charities ano Trustee Invaslmenl IScotl8ndl Act 2005 the Charities Accounts Iscollandl Regulations 2006 {as amended), the FinGncial Reporting Standard applicable in Ihe UK and Reublic of Ireland I'FRS 1021 and "Accounting ana ReFoiling by Charities Statement ol Recommended PraGli¢e applicable to charities preparing Iheii accounts In accordance with the Fin8ncial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 1021 ieffeclive 1 January 20191 The Trust Is a Public Benefit Entity 8s definèd by FRS 102. Th> Trust has takèn advantage of thè provisions in the SORP not lo prepare a Slalemenl of Cash Flows. The financial stalemer,ts are prepared In sle-ling. which is the I￿nCtional currency of the Trust Monetary amounts in these iinancial sl3lemen15 are rounded lo the nearest £ The preparation of financial slalemeits requires the use of critical accounting eslimales. 11 also requires IrLJsleès lo exercise their judgement In the p"ocess of app ying the accoLJnling policies. Use of available Information and application of judgement are Inhèrent in the formation of eslimales Actual oulc(Nnes in the fulJre could differ from such estimates. 1.2 Going concern Tlp Irus".ee5 have prepared the financial slalements on the going concern basis as Iheie are no material unceftairlies regard ng Ils ability to continue to unllertake ils activities. The Trust holds considerable Inveslmenls which coula te readily sold should the need arise. 1.3 Charltable funds Unreslncled fLnds comprise surplbses brought forward over many decades, and are available for use on all tsnststutional pur?oses ai the discretion of the Iruslees. In orLJer to ensure that funds are available for specific proiecis. cerlaiiTr fJiius are set aside ai)d designated by the Iiuslees into Separate funds Al -.he year end there is currently only an unrestricted general fund and there are no designated funds. 1.4 Sncome In¢0￿e is re¢¢.gnised vihen the TrLlSt Is legally enlilled lo It 8fter any performance conditions have been met, ".he amounts can be measured reliably. and it 15 probable th81 in¢ome will be rec8ived. Ca?h donat Dns are re¢ogniged on receipt. Other donations arè rècognised once the Trust has bÈèn notifièd of he donation bnless performance conditions require deferral of the amount .nveslmenl Incorne inleresl is recoonised using the effttclive interest rate applicable lo the as5el. Dividend Income is recojnised wher the right lo receipt Is established ano is measured al the lair value. 1.5 Expenditure Accruals are obligations lo pay lor goods or services that have been acquired. and meet gr8nl commitments tss13blished before the year end A￿r￿al$ are recognised al the Ljndiscounted amount owed to the supplier, 'which Is normally the Invoice price. or grants as awarded by the Trustees. SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies ontlnueUI Expenditure 15 recoonised on an accruals basis and related where pra￿l¢able to the Trust's activities. Vmere possible. expenditure Is 8lltscaleLI directly to the function lo which il relates. lknere this Is not possible il is 8IIoc81ed on the basis ol time spent by staff Dn Ihat activity Costs ol rsising 'Linds compr15es those costs which are associated with Ihe generation ol Income from sources other than undertaking charitablé activities, and includes Investment management costs. Chanlable expenditure Comprises those costs incurred by the Trust In the delivery of its charitable activities and services. Support costs and govetnance costs are apportioned between activities on Ihe basis ol time spent that a￿11￿ Ily 1.6 Fixed asset InvestmeTrts Fixed asse+ inveslnienls are Initially mea5urÈd al transa¢lion piice excluding transaction costs, and are subsequently measured al fair valLJe at each reporting date. Change5 in fail value are recognised in net Incomellexpendilurel for the yeai. Transaction c0515 are èxpensed as Ineurred 1.7 Cash and cash equlvalènts Ccsh and cash eqLJivalents Inc u¢Je cash in hand, dep05115 held at call with banks, other short-term liquid Investments with Driginal maluri*ies o. three months or less. and bank overdrafts. Bank overdrafts are shown triithin borrowin9s in current Iiabililies 1.8 Financial in$trument5 The Trust has elected io apply the provision3 of Section 11 'Basi¢ Financial Inslrumenls. and Section 12 01he' Financial Instruments Issues, of FRS 102 to all of its finanei81 Instruments Firancia instiumenls are recognised in the Trust's balance sheet when the Trust becomes party lo Ihe ontraclual provis.'ons of the Instrument. Financia assets and liabilities are offset, with the net amounts presented in the financial sl8lemen1s. when there IS a legally enforceaJle right to set off the re-ognised amounts and there is an intention to settle on a net basls or to reaiise the asset and 5e',tle the liability simultaneously. Basic financial assets Basic financial assets. Ivhich Include debtors and cash and bank balances. are initially measured at transaction pri-e iicluding transaction costs and ere subsequenlly carried al amortised cost using the effective nteie5t method unless the arrangement COn51ilules a financing transaction. where Ihtt transaclion Is measured al t*e present rfalue of the lulure rece pts discourted al a markèt rale ol intere51. Financi21 assets classified as receivable within onè year are nol amortised Derecognition of financial assets Financial assets aré dÉiecognised only when the contractLial rights lo th& cash flows from the asset expire or are settled. or w,hen the Trust transfers the financial asset and sub51aniially all the iisks and rewards ol awnership 10 2nother enlily. or if some s5gnifitsnl risks and "ewards of ownership are re181ned bul control ol the asset has iiansferred lo another party that Is able to sell the asset In its entirely to an unrelated third party. SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poll¢le$ Icontlnuedl B&sic financial liabilities sic financia Iiabililies, Includirg creditors and bank loans are inilially recognised al transaction price unless the arraTgemenl ￿on$t11uIeS a I nancinc Iransaclion. where the debt InslrLJmenl Is measured al the present value of the future payments discounted 81 a ma.ket rate of Interest. Financial liabilities classified as payable wilhin one 5.ear are not amortised. Debt Instruments are subsequently Carried at amortised cost, using the effective interest rate method. Trade creditors are obliga'.ion5 to pay fo. goods or services Inal have been acqLJired in the ordinary course ol oyr¥lions Ifom suppliers Amounts payable are classified as cuirenl liabilities Il payment Is due within one 5tre3r or less 11 not. they are piesenied as non-cuirenl liabilities. Trade creditors are recognised Initially al Iiafisaction pri￿ and subsequently nieasured al amortiserl cost usiiig tl)e effective inteiesl Inethod Derecogniriori ol fJi7ancial liabilities Financial Iiabi Ities are ￿ere￿Ogr11Sed when Ihe Trust's conirailual obligation5 expire or are discharged or cancelled Critical accounting estimates and judgements In Il)e appli-31101', ol the Trust s accoutTtln9 policies. tlie Tiuslees are required lo iiiake judgeiiienls, esliniales and 8ssurnplion< about ltre cairying ainouiit cf assets ancl 113bililies that are not readily apparent frorn other soJrces The eslim21es and 3SSOC13ted assLimplions are based on historical experience and other factor5 thBt 3re considered lo be relevan.. Actual results rnay divief from these eslimales The estlM8les and underlying assumption5 are reviewed on an ongoing b3$1s. Revisions lo accounting es:Imales 2re recognised in the period In which the estimate Is ievised where the revision amecis u)ly that period, or In the period ol the revision and future period5 wiere Ihe ievision affects both current and lulure periods. Thé Trusiees are not aivaie of any significant accounting esliinales or judgements that would have a sicnificanl illPaGI on the liyancial statemen:s. Raising funds Unrestricted Unrestricted funds funds 2024 2023 Ini'estmenl management A￿OUntancY 8nd adminis'.ralion Suppgrt costs Govei nance costs 11.199 4.634 1,854 4,642 10.709 4.419 1,768 4,417 22 329 21,313 10- SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DEGEMBER 2024 Charitable activities Grant Grant funding of funding of aGtivities activilies 2024 2023 Sclolarship a?d Bursaries Charitable aid Iwellare cases} 19,iOO 17,663 11,650 30,550 29,313 Share ol support costs (see note 51 Share ol governance Costs (see note 51 2,653 6,626 6,9S2 4Q,292 38 592 In ".he current lear. 1 award of £5.000 has been paid 10 The Ridgè Foundation 12023 - 2 paymenls tolalling £4 450 were paid lo the Ridge Foundalionl, these payments 8re Included In Charitable aid payments. A lotal of 10 12D23 - 131 individuals receivecj aw2rds tolalling £6,25012023 £7.2001 from the Charitable aid paimeiils. A total of $912023 - 571 students received Jusapi and scholarship awards tot811ing £19.300 12023 £17,663) Support costs Support Governance costs ¢o$ls 2024 Support Govèrnanco costs costs 2023 Ra,'sing funds Sciolarships & bursaries lellare ￿aSe$ 1,8S4 1,390 1,390 4.642 3.481 3481 6,496 4,871 4,871 1.768 1,326 1,327 4,417 3,313 3.313 6.185 4,63g 4,640 4,634 11604 16,238 4,421 11.043 15,464 Analysed beMee- uidiaising hariiable aclivilies 1,854 2,780 4.842 6.962 6,496 9,742 1,768 2.653 4417 6.626 6,185 9,279 4,634 11.604 16,238 4,421 11,043 15,464 ¥ioveFnance costs Includes ?aynienlS lo I'e Incependanl Exaiiineis of £2, 19 12023 - £2 0101. SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees None ol the Trusleos lor any persons connected with them) received any remuneralion or expenses from the Trust during the current 01 prior years. The Trust had no employees in the current or prior years. Net gainsll105se51 on investment$ Unrestricted Unrestricted fLinds funds 2024 2023 Reva ualion ol investments G¢inlllossl on Sale of investments 138,729 1',691 63,303 25.959 153 420 89,262 Fixed asset iiivestinents Listed investments Cash in portfolio Total Cost or valuation At 1 January 2024 Additions Valuation changes Cash movements in year Disposals 1.621,589 31e,601 138,729 16,198 1,637,787 316.601 138.729 12.1801 1313,5001 12.1801 1313,5001 Al 31 De¢ember 2024 1,760,419 14,018 1,777.437 Carrying amount Al 31 December 2024 1,160,419 14,018 1,777,437 Al 31 December 2023 1.621 589 16,198 1,637,787 Flnanclal instruments 2024 2023 Carryirig HTIiULlllt of fiiiai)cSal assets Insl.. u.'iienls measured al 'aii value through profil or loss 1.763.419 1.621,589 12- SCOTTISH BUILDING FEDERATION EDINBURGH AND DISTRICT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 10 Debtors 2024 2023 Amounts falling due wllhin one yèar: Other deblois 11 Creditors= amounts falling due wlthin one year 2024 2023 Ol')er iiedilors Accruals and deleiied income 2.427 2,11g 3.555 3.717 4,54e 7,272 12 Related party transactions There weie no related Pdlty Iraiisaclions In either Ihe current 01 prior yea"s. 13-