## **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:-
- to keep accounting records in accordance with Section 44 (1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and
- to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met, or
2. 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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