ACCOUNT of the tNTROMISSIONS of the TRLSTEES of THE VELLORE TRUST FROM.. 12 August 2022 TO.. I l Au&ust 2023 Trustee.. C.S.Kennedy, W.S. LEI Ref . 213800CWCD70NJB94C58 S¢ottish Charity No. SC030437 Lindsay5 LLP CSKffRU28811
The Vellore Trus Tru>Tres Re 11th.4u for 20J The TnLStees submit their reporf for the 'ear enda I Ith Au8USt 203. The Trust was established aAd resieTed i# the Books bs a Deed of Tr4bSt dated I lth Augu 201)), ewi)n iN4.1 l >1.4Ugu 200(1. The funds shall b¢ held and thini5tered by Tru5rees. In tern5 of the Tnt Dee(L the trustees are directed to apply the whole or such part of the free ifbcome and the or 5u¢h pt of the L7PitAI of the Mst estate as they mav from time to fmne consid¢r desirable for such charitablc purp)ses or to such charitable institutions, scKieties. found&ions or funds &$ they mav in their sole discretion seltti. Stathtorv Yarions"1tQu7l? thE Tnjffes TO ppaft a¢couftts for each financial VEar which givE a tnje And fair view of the state of affairs of the Trust and of the sury)ILLS or deficit of ihe Tnsst for th21 period. In prepAring those *ccounts, the Trus¢e¢s are required to: select suitabl¢ acc(yuniing p)li¢1 and then apply them consistrfttlv. ake judgements and esiirnaie5 thar are responsTri >le and prudenL state whether applicable arcounting standhrds ha¢ been followed. subject to any material departUTes disclosed and explained in the accounts; prepar¢ the accounts on the 8oin8 concern blsis unltss it is inappropriaie io presume that the Tnjst will continue. The Tru¢e$ are resp)n5ibl¢ for keeping prOr accouniing rewrds which disclos¢ with reasonable accurdcy at anv lime the fTrn&nci&l wsrtion of the TTr1 to eliable ihem to ens¥re ihat th¢ &¢toun15 complv with statutory r¢gulations. Thev ar¢ also responsible for safeguardin8 the &ssets of the TnASi and hen¢¢ for taking r¢asonable stcps for the preyention and detection offraud and other irre8ulartties. Donalions were made durin8 the )'ear &$ detailed in the app¢ndices. The financial posilton of the Trust is &$ disclosed in the accounts. The Trusi is a Scottish ChariN and is recognised as such b) the Inland Revenue for t&xation purkKkses. The Inland Revenue chari number is SCOi043-. There is thereforr no liability lo iaxation on any of its income. Approv¢d by the Trustees and sÉgned on their behalf bql I IWI TrStee Date
The ve110 Trust Abstract of account for year to I I Au8USt 2023 CAPITAL Credit balance at the close of last account 149,842.70 149,842.70 Deduct'.- Loss on realisation of investsnents Adrninistration Expenses Ondependent Examinefs Fee 2022) Investment Management Fees Agents, Capits] Fees 12.898.28 125.IM) 91.67 816.00 13,930.95 Credit balance at the close of this account of which, Investsnents at b¢y)k value:. 135,911.75 Balance Over invested 135,911.75 Credit Add:. balance at the close of last account 561.43 Investment incorne 3.814.95 4,376.38 Deduct'.- Charitable donations Agents, Revenue Fees 361.50 361.50 Credit balance at the close of this account 4,014.88 139,926.63 Represented by: Lindsays Funds 139.926.63 139,926.63
The V•llorn Trust Receipts & Payment Account for the year to 11 August 2023 2023 2022 Recelpts Investment Income Equalisats"on 3,814 95 955.09 10.97 3,814.95 606 Proceeds from sale of investments 135,497.31 3,599 21 Total Receipts 139.312.26 4,5.27 Payrn•nts Charitable Oonalions Investment Management Fees Administratton Expenses Agenfs Fees 000 9167 125.00 1,177.50 2,500.00 800 00 125 00 1,139.40 1,394.17 4,364.40 Purchase ol Investments 0.00 0.00 Total Payments 1.394.17 4,364 40 Surplus I Idefioll lor year 137,918 09 200.87
The Vellore Trust Stalernent of Baknces as at 11 August 2023 2023 2022 Investments Opening balance Purchases Equalisatson Sales Gain I Ibssl on sales 148.395.59 0.00 000 1135 497.311 112.898.281 151,947.09 0.00 110.971 13,599 21 5868 Closing balance 0.00 148.395.59 Market Value as at 11 August 0.00 136,741.00 Bank and cash in h Opening baLgnces Lindsays Funds Brown Shipley Deposrt 1,988 78 19.78 1,323.79 483 88 2.IJ08 54 137.918.09 1.807.67 200 87 add. Surplus I Ideficrti Clcsing balance 139,92663 2.008.54 Represented by.. Lindsays Funds Brown Shipley Funds 139.926.63 1,988.76 19.78 139.926.63 2.008.54 I funds are Unre$trted. Approved by the Trustees and sioned on their behalf Signed Date
Appendices Income IDvestment Intome SYS Brown Shiplry B41 A 16-Aug-2022 Dividend on 109374.60780 RAÉhbones F4ndy 31bSep2022 Gross Interest Llnds4ys Funds I&Dec-2022 Payrnent in lieu of client gross tere# for the period betweet) 04102Q2 and 3010912? 10-Jan-2023 Paent in lieu of client &ross interest for the period between 0410122 and 31112 04-Apr-2023 Pa)Thent in lieu of client OsS inierest for the peri between 04102f22 and 31103Q3 05-Jui-2023 PayTr¢nt lieu of client 0s$ interest for the period b¢tween 04101?2 gnd OY07123 73.28 5.82 128.52 881.08 1220.49 1505.76
ApendS Rev¢nue P*yments Agents Revenue Fees I I.Au8-2023 Fee for &thi]nOll ofthe trus for the year to dtr. applicable lo revenue 301.25 60.25 361.50 I I-Au8-2023 VAT 2
C4pitl Payments Cpitl Adminitrntioo ExpenJeJ 29-Sep2022 Michael Marwick ftt for examiDthOn of account for 2022 1?500 125.00 Investment MDa2¢meDt Fees 31.Au8..?OLI Browu Slu'pley knvesttDc Man4enKDt fees applicable capTtsI 91.67 Aients Cxpltsl Fees I l.Aug.?023 Fee for of the tntyt for the year to da. applicabl¢ to 680.1 13600 816.00 I l-Aug-2023 VAT 21fh
Indgp•ndgnt Examlnerfs Report to th• Tru$te89 of The Vgllor• Tr1 I rep)rt on the accounts of the charity for the period ended 11 August 2023 The charity's trustees are responsible for the preparation ol the accounts In accordance wrth the tenrs of the Chantses and Trustee Investment Iscotlandl A¢t 2005 and the Charities Accounts Iscollandl Regulations 2006. The charity Iruslees consider that the audit requirernenl ol Regulaty'on 10111 Idl of the Accounts Regulations dces not apply It is my responsibility lo examine the accounts as required under section 4411 Icl of the Act and to slate whether parts'cular matters have come lo my attention. My examinatson Is eamed out In a¢¢ordanee wth Regulalioft 11 of th8 Chantres Accounts Iscollandl Regulabons 20IX An exarninab.on includes a review ol the accounting records kept by the chanty and a comparison of the accounts presented with those rewrds. 11 also Includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the Iruslees conceming any such matters. The prtxedures undertaken do not provide all ihe evidence that woukd be required In an audit. and consequently I do not express an audit opinion on the view given by the accounts. In the course of my examination. no matter has come to my attention 1 which gives me rèasonable cause to believe that in any malenal Tespe¢t the requirements. lal lo keep accountyng records In accordance with Section 44111 lal DI the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and Ibl lo prepare accounts which accord wlh the accounting records and comply wth Regulation 9 of the 2006 Accounts Regulations have not en mel, Of 2 to which. in my opinion. attention should be drawn in order lo enable a proper understsndlng af the 8ccoiJnts lo be r89d)ed. Incependert Exsminer Rebred Accountant 3111 North Werber Park Edinburgh EH4 ISY
NOTES The Investments are showm in the accounts at cost.. Income from Investmenis is ¢redited io th¢ Income and Expenditure account in th¢ year in which recEived. No Trustee received any remuneration during the year. (2022 none)