2024-12-31-accounts

LASER RESEARCH AND THERAPY FUND REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

SCOTTISH CHARITY NUMBER SC030850

Henderson Black & Co

LASER RESEARCH AND THERAPY FUND

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Contents	Page
Annual Report of the Trustees	1 – 2
Independent Examiner’s Report to the Trustees	3
Receipts and Payments Account	4
Statement of Balances	5
Notes to the Accounts	6

LASER RESEARCH AND THERAPY FUND

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Reference and Administrative Information

Scottish Charity Number SC030850 Principal Address: Charity Administrator Bankers: Royal Bank of Scotland, 3 High Street, Dundee DD1 9LY Independent Examiner: Pe Henderson Black & Co, Chartered Accountants, Cupar, Fife, KY15 5HW

Trustees

The charity is administered by the trustees. The following trustees have served during the year and since the year end;

appointed by Trust Deed assumed 30 October 2013 assumed 30 October 2013

Trustees are nominated by the existing trustees with their appointment confirmed by a formal Deed of Assumption.

Charitable Purposes

Governing Document

The charity is a governed by a Declaration of Trust dated 27 November 2000 by

of of ee and registered in the Books of Council and Session on 4 December 2000.

Organisation

The day to day administration and book-keeping is carried out on behalf of the trustees by staff at Ninewells Hospital and Medical School.

Review of Activities and Achievements

The Trustees continue to make distributions in furtherance of the stated objectives of the charity. During 2024, £19,237 was given to the University of St Andrews as contribution to the third year of a project into theoretical modelling for optimum sun exposure and vitamin D production for light and dark skin types. The Trustees also approved funding support of £12,776 towards the costs of a lab technician to support work on skin conditions associated with porphyria. Costs were incurred for the visit of an external examiner, Prof (£629) and visiting scientist, (£215), for attendance at the British Medical P| Pe Laser Association Conference in Liverpool (£380), computer accessories (£151) and for printing and parking (£25) associated with a patient involvement event.

Review of Financial Position and Reserves

The charity had a surplus of £4,960 for the year (2023 – £8,654). It held unrestricted cash funds of £246,535 (2023 - £203,731) at the year end date. As at 31 December 2024 the charity held 1 ordinary £1 share in Tayside Laser Clinic Limited, representing the whole issued share capital of that company.

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LASER RESEARCH AND THERAPY FUND

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of Trustees’ Responsibilities

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements, which they are responsible for preparing, comply with the Charities Accounts (Scotland) Regulations 2006 (as amended) and the terms of the charity’s Constitution. The applicable law also sets out the responsibilities of the trustees for the preparation and content of the Annual Report.

Approved by the trustees and signed on their behalf by:-

17 September 2025

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LASER RESEARCH AND THERAPY FUND

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE LASER RESEARCH AND THERAPY FUND

I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 4 to 6.

Respective responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 (“the 2005 Act”) and the Charities Accounts (Scotland) Regulations 2006 (as amended) (“the 2006 Regulations”). The trustees consider that the audit requirement of Regulation 10(1)(d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the 2005 Act and to state whether particular matters have come to my attention.

This report is made to the trustees, as a body, in accordance with the terms of my engagement. My work has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees for my work or for this report.

Basis of Independent Examiner’s Statement

My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner’s Statement

In the course of my examination no matter has come to my attention:-

1. which gives me reasonable cause to believe that, in any material respect, the requirements:-

2. to keep accounting records in accordance with Section 44 (1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and

3. to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met, or

4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Partner Henderson Black & Co Chartered Accountants

22 Crossgate Cupar Fife KY15 5HW

18 September 2025

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LASER RESEARCH AND THERAPY FUND

STATEMENT OF RECEIPTS AND PAYMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Notes Receipts Donations Interest received Loan repayment 3 Total receipts Payments Payments for charitable activities 2 Governance costs 4 Surplus for year	2024 £ 35,545 3,447 - 38,992 33,413 619 34,032 4,960	2023 £ 36,530 2,821 1,800
		41,151
		30,407 2,090
		32,497 8,654

The notes on page 6 form an integral part of these accounts.

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LASER RESEARCH AND THERAPY FUND

STATEMENT OF BALANCES

AS AT 31 DECEMBER 2024

	Notes	2024	2023
		£	£
Funds Reconciliation
Cash at bank and in hand - 1 January 2024		241,575	232,921
Surplus/(Deficit) for year		4,960	8,654
Cash at bank and in hand - 31 December 2024		246,535	241,575
Investments at cost
1 £1 ordinary share in Tayside Laser Clinic Limited	5	1	1
		1	1
Liabilities
Independent Examiner's fees		720	600
Commitment - grants for research project		19,237	37,244
		19,957	37,844

The notes on page 6 form an integral part of these accounts.

Approved by the trustees on 17 September 2025:-

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LASER RESEARCH AND THERAPY FUND

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting Policies

1.1 Basis of Accounting

The accounts have been prepared on the Receipts and Payments basis in accordance with the Charites & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

1.2 Fund accounting

All of the charity's funds are unrestricted. Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity.

1.3 Cash flow statement

The charity is entitled to the exemptions available in the Charities Accounts (Scotland) Regulations 2006 (as amended) and is not required to prepare a cash flow statement.

1.4 Taxation

The charity is exempt from tax on income and gains under applicable legislation to the extent that these are applied to its charitable objectives.

1.5 Employees, Trustees and their Remuneration

The charity had no employees during the year (2023 – none). No remuneration was paid to trustees (2023 – none). One trustee claimed expenses of £380 for attendance at a conference (2023 - one trustee £582).

2 Charitable Activities Payments

2 Charitable Activities Payments Vitilgo Database Project British Medical Laser Association conference Travel costs for visit of external examiner Travel costs for visit of scientist Practical Project Management course Laptop equipment for Photobiology Unit library Patient and staff engagement event costs Event catering 3 Loan to Tayside Laser Clinic Limited Balance at 1 January 2024 Repayment in year Balance at 31 December 2024 4 Governance Payments Independent examiner's fee Thorntons Law LLP - accounts preparation University of St Andrews for support of theoretical calculations for optimum sun exposure and vitamin D production for light to dark skin types Contribution towards salary of Lab Technician to support work on skin conditions associated with porphyria	2024 £ 19,237 12,776 - 380 629 215 - 151 25 - 33,413 £ - - - £ 720 (101) 619	2023 £ 21,352 - 7,200 582 - - 180 299 691 103
		30,407
		£ 1,800 (1,800)
		-
		£ 600 1,490
		2,090

5 Related Parties

The Fund has a wholly owned subsidiary - Tayside Laser Clinic Limited (Company number SC307597). During the year the subsidiary company distributed profits of £35,545 to the Fund (2023 - £36,530). There were no balances due to, or from, Tayside Laser Clinic Limited at 31 December 2024 (2023 - nil).

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