Charity reglstratlon number SC037699 IS¢otlandl THE CAMERON TRAVEL SCHOLARSHIP TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 OUNT www.thonisoncooper.com THE CAMERON TRAVEL SCHOLARSHIP TRUST CONTENTS Independent examinerfs r8F Statern￿rt ofthandal adi Balan￿ s )tes to Ihe finwal ststements 9-17 Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 JANUARY2025 The tn￿leeS present their annual rep￿rt aKI finarKiaJ Statemw￿ for Ihe year endeA 31 JarMJary 21Y25. The ffnanrial statements have been pYepar&J in accordance wfth the aco)unting wlioes set out In r¥)le 1 to Ihe financaal statements arKI comply with the charitW5 govemirwj dctumenl. th8 Charities and Tn￿tee Investment Iscouandl Act 20)5, Ihe Charilies Ac￿nts (ScoUaTrJl Regulations 2CrfJ6 las amended) and 'Accounting aTh Reporting by Chariltes.. Statement of Recommended Pracilce apF4icaUe to chartli&s preparing th￿r accounts in accordance with the Financial R8￿rtirvj StaThlard applicabte ￿ the UK ar￿ Republic of Ireland IFRS 1021" leffectNe 1 January 20191. Objectives and actlvltles The aims of the Trust are to provkle fiJndlThJ for agrlculbjral S￿denIS domidted in Scoljand and tralning In Scodand for 8 career in agr￿1bjre for the Pur[￿ of broadenirvJ their education and understanding of agrtcuKure In other countries.. an(t to prowde furKling to assst pupts ftc￿ Dollar Academy, Dollar, Clackmannartshire lo travel abroad fLY the purpose of broadeniro Iheir education and uThJerstsnding of the world. The Trust aims to meet the above oliectives by inviung applicants to appty lo the Trugt through exposure In the media, tr￿Iness contscts arKJ adVertI￿ng. In DdL3r Academy regutar anr￿￿nceMents are made to 8noxJrage plls to apply. Twstees gNe th8ir lime voluntsrity to help meet the o￿ecbyeS of the TnJsL They r￿1ve rK) remuneralh)n or expenses. and the Trust empk)ys no stsff. th& TrLtst rel￿ entY* ￿ the Trustees to fvno*on. Grant making Pollcy The Trustees make grants to Doltar Aczdemy pupils and to Agriajllural students where they b8fie¥e that th8 ontribuEion will make a ￿al differen￿. Wiolions for gr8nts are n￿le elther In wrfllng lo the board or by presentation. AptAicants L7n be champky)ed ty a tM)8rd member in tr￿lf appltcakn. Eath grant application L8 reviev￿d ty all Trustees and Is approved or rejected at Ihe meetings. The Trustees ded with all applications from start lo finish. The applicalion guidelines www.camerontravethJst.txg.uk. avaiLable the Tnjsys webslte: Achlevements and perforniance The year lo 31 January 2025 VAS a disappointtng for app￿￿nts wilh r￿1￿C￿J numbars applying for both Agri(yJilural a￿1 D(AlarAcademy Grants. Flnanclal rgvlèw The results for the year are set Cmjt on page 6 of Aoxxjnts. The T[￿lee$ (¥)nsider stat8 of affairs of Ihe tharity to be salSsfactory. Reserve5 Policy The unrestricted fvnd ￿￿8 at 31stJanuary 21Y25 amounted to E347.537 (2024 - Q09.458) which wll be used fuba￿ years lo pay grant to students. Investtnent Pollcy and Capltal amounts held by Ihe Trust are held on depo￿1 ￿ local banks. Trustees research ILKal saving5 rates and offers to maximise interest income for the Trust. In addition. furKls have been Invested In a broad range of UK equities for long term capital grcwth. aThJ in Ihis connedM)n. Trustees, tske a fimi of Stc￿brOke￿. Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Rlsk Ihnagem•nt Th8 Board advety remews the major risks lh8 tharity faces on a regular basls and believes that maintaining reserves at current levds, t￿Mi￿ned wrth regul8r review6 of cortro]s over key financial systems, will pro￿de suffident resources in the event of thrse condiliorL8. The Board has atso examin8d other operational and buslness risks faced by the 1th8rity and Lxkn that it has estabJi5hed systems to mitigate the signthcant Tisks. Plans for tho Future The Trust aims lo continue to meet lh8 ob5er*ves s8t CMJt In the Trust deed as explalned In the "objecÈlv8S' se￿1)￿ above. To enable the Tnjst to do so. Trusteeg wtll use t￿r cortscts wth the Scottish Agriculturdl Col and Young Farm8rs AssouatK)ns to eno)urage applThtknns fr[￿ the farming s￿Ir. In a(klitson the merits of Ihg Trust are discussed at DolL4r Acadèmy a￿mbty and in the ￿ newsfetter and Trustees are discussing how best lo'encourage mc¢e Qua￿ applkatiCrf￿ from the s(*￿1 wilh the Reclcf. Trustees l¢Jok forward to recei￿ng grant appli¢21k￿. structureg governan¢• and managemenl The Cameron Trav81 ￿olarship Tntsl is a CJWItsb￿ TnJsL number SCO37￿. whlth was estat4i8hed and govemed by tts Trust de&1. It was granted thorilable slatus by OSCR 4th January 2Tr)7. The charity is ￿ganisad so that the Trustees megt regularty lo manage Its affafjrs. During the year the Trustees met tw1￿. There have teen t*arMJes to Tnjstees durwu the yw. As a charitable Trust. The Cameron Tr8vel s(*￿43￿h1P TrLtst is administered by a Board of nlna unpahj Truskn. The induction and trainiThJ of Trustees is c3rried wl duTirwJ their lemi of swice. Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 The tnjstees wtKJ served durlng the yew and up to ts date rf Si￿￿thre ofthe fnancial slaternents were: Prfnclpal 0ffl¢o CIO Thc￿Scffi CcopEr 3 Casue C(￿rt Camegie Camws Dl￿ferrnrlne Frfe KY11 8PB Independent Examlner 3 Castl& C(MJrt Dunfennline Frfe KY118P8 Banknrs Royal Bank of Scouand Fk Bank of ScoUaTrJ Broxden House 18 Cr055gate Lambath￿ Drh Cupar Frfe KY15 5HL PH1 1RA Gharlty Regl3tratlon Nurr*2r SC037699 19 Mars￿1 Ptace Perth PH2 BAG Thomson Coopcr THE CAMERON TRAVEL SCHOLARSHIP TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Key rnanagement personnel remuneratlon The Trustees consider the board of TnJsl*s as comprising the key management personnel ol the chanty in charge of directing and controlling the chanty and running and operdting the chanty on a day lo day basis. All Twslees give of Il*ir lime I￿elY aThJ no TnEtee ierr.urEratirm was paid in the year. Detsils of TnJstee expenses and relalett FM3ty transa¢tic￿S are disck)sed In note 6 10 the &counts. TiusieES t￿ requiieij its disclose all reÈvant inieresls armj register th￿n wslh the Ghaitman and in accordance the Twst's poliGy withdraw frorn decis￿7n5 where a wnflict of interest arises. Statement of trustees. responsibilities The trustees are responSi￿e for prepariryj the Trustees. Rewrt and Ihe financ4al slaternents in accordan￿ with appluble law and Unite(J +Q"n￿OM Ac￿Unty.ng Standards (United Krydom Generalty A￿pted Ac¢ounts'ng Practice}. The law appI￿￿ble to chartlies in Scodand requi￿5 the tru5teeJ to prepare finanoal statements for each financAel year which give a true and fair view of the State of èffars of the tharity and of Ihe incoming resovrc8s and appl￿tIon ol resources of the charity for that year. In prgparing Ihese finanual statements. thè trusteès are ￿u*￿d to.. - sele¢t suilable awunl'ng pdicEs then apply them consislenuy.. - observe the meltrk)ds and prinoples in the Charibes SORP: - make judgements and asth'mates that are rea9)nab￿ and pwdgnt., state whelher apFAicable aco)untirg stsndafds have i)een T￿l￿￿J. s￿lect to any material dèpartu disdosed and explairEd in the finarcia skiemenis- an(J prepare the fmancial slatements on ￿ going ccncern basis it 13 inryproprrate to presLme that the charity will continue Trn operatK)n. The tru5t8&s are responsible for ke•ping suffioent accountin9 records that disclosé wrth reasonable accuracy at any lime the financial tx)sition of thè ehanty and enable them lo er6ure Ihal the financial Statemènts ccmply with Charit￿S and TrLSteè Investm￿t IScotLqndl Acl 2005. the Charities Accounts (S￿l3nd) Regulations 2006 (as amended) the provisions ol the trust deed. They are a150 responsitrAe for saleguarth'ng Ihe assets of the chanty and hence lor taking reasonable steps lor Ihe preventDn arKI delectDn of fraud and other irregularit'es. The trustees are reswnwbk for Ihe Maintenan￿ and integrity of the charity and financ4al infornatvn included on charity's website. LegislatK)n in the United lfjngdom goveming the prepardts.r￿ and di55emmalion ol finanoal statements may differ from legislation n olher jurtsdidl(￿s. The trustees are res￿Jn$lb￿ for Ihe Maintenan￿ and integrity crf the charity and financial infomiatrjn included on charity's website. LegislatK)n in the United lfjrtyom goveming the preparats.￿ and di5sernnalson ot finanoal statements may differ from legislation wi other IunsdKty'(￿s. Thomsoti Cooplr THE CAMERON TRAVEL SCHOLARSHIP TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CAMERON TRAVEL SCHOLARSHIP TRUST I rO￿rt M the flnancial slat8m8nts ofthe cthaiity for Ihe ythr erMJed 31 January 2025. whKh are sel out cn pages 6t017. Rgsp•dlve rnsponsknlllttes of trust8os and e￿In The chariVs tn[S￿ are resp￿$￿1 le for the preparation of the financial statemènts in ￿1rdance wth the terms of the Charitles and Trustee Investments (S￿￿and} A(X 2(N)5 a￿1 the Charities {Scot&ndl Ragulatlons 21N)6. The charitys Irustses c￿6￿Jar that audtt requlrement of Regukqtlon 1011lla} to {¢) of th8 20C Accounts Regulallons does ap[￿. It 15 ry ￿p(￿ibIlIty to exaffline th8 sl£tements as requi￿0 under sectrjn 44(11(c) of the Act and to state wf*ther partiojlar mattars have come to rny *ntil￿. 84sls of Indèpendent ex￿on•￿8 statempnt My examin811on is carti8d In aC£yJrdan￿ with Regulation 11 of the Charflles AucyJnts Ists)ttand} Regulatrjns 2006. An axarnlnation includes 8 revlew of ￿ acnmmtlng rn￿rds kept by the chanty 8fKI 8 r￿mParfSan of the financial stat8rwits presented wth th￿ recrxds. It also indudes cyMsiderakn of any unusual Stsms or d￿CloSureS Sn the ftnancBI statements. arKJ seeking explanat#)ns from Ihe trustees concerning any such rnattew5. The pftjcedures uTrJertaken do not provije all tITe evKlence that would be requir8J in an aucfrt and consequenty I do not exwess an audri opinKJn on the gwen by the finanaal ststemen Indapgndgnt examlnofs statemont In conn8eJKJn with my examinatiM. no matter I￿S C))n￿ to my attentborL (al whith glves me reasonable Cau￿ lo telieve that in any malw￿1 r8SP8Ct the requirements: 01 to k88p accounting records in atxordanL¥ *rylh $8dion 44(11 la) of th8 2005 Act and RegulalK)n 4 of the 21K16 Accwnts Regutallons; and (111 to prepare llnandd st8tsmgnts which accorrl with th8 a¢)))untiw rocords aTrJ crynFly Regulat 8 of fv 2006 Acwjnts Regulalions" have not been mot or Ibl to whtth, hi my okmnion. attentrjn Sh￿k1 be dravm in order to enable a prwer understanding of Ihe finanaal st8temgnts to be reached. Independenl Exarniner 3 Castte c(￿rt Camegie Campus Dunfemilln8 Ftfe KY118PB Dat￿". 31 July 2025 Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST STATEMENT OF FINANCIAL ACTNMES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 JANUARY 2025 Current fIn￿da1 year Total Total funds 2Iy25 2025 2025 2024 Income from: Investrnents 67.$30 67.530 58,1)98 Raising funds 11.926 11.926 11.071 Charitable actsmties 17.525 17,525 45.398 Totsl resources •xpondod 29.451 29.451 56.469 Net gainsl{lossesl on ￿VestrneTrts 48,922 133,565) Net movgmgnt In fvnds 38.079 48,922 87,001 131,936) Fund balances at 1 Febnwry 2024 309,458 2.1S4.533 2.463.991 2.495.927 Fund balances at 31 January 2025. 347.537 2.203.455 2.550.992 2.463.991 The statement of financtal adrvibes ind¥JJes all gal￿ aThJ hjsses reojgntsed in the year. Al irb)Jme arwj exp￿￿lture derNe from (x)nlMlrnJ aclivfjlies. Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST STATEMENT OF FINANCIAL ACTMTIES (CONTINUED) INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 JANUARY2025 Prfor financial year Unbwtricted Endowment fvnds fvnds Total 2024 2024 2024 Income from: Invèsknents 58.098 58,098 nditure on: Rai8ing funds 11.071 11.071 Charllable activltles 45.398 45.398 Total resources expended 56.469 56.469 Net g￿nSIV05seSI on investments (33.565) 133,5651 Net rnov¢ment In funds 1.629 (33,565) {31,9361 Fund balances al 1 FelThry 2023 307.829 2.188.098 2,495,927 Fund balancos at 31 January 2024 309,458 2.154,533 2,463,991 The statement of finan(xal aciiwtses indudes dl gakns and k)sses rewNsed in the year. All income and 8XP8ndltur8 derive from conUnu1￿ activlttes. Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST BALANCE SHEET ASAf31 JANUARY2025 202S 2024 Notes Flxed assets Investments 11 1.401.174 1.299.102 Current ass8ts Debtors Cash at bank and in hand 12 1.025 1.158.923 1.175, 1,159.948 1.176.209 C￿dItors- amounts falllng due within ono year 13 {4.8801 14.8201 Nel ¢￿￿ent assets 1.155.068 1.IT1.389 Total assets less current liabilities 2.556,242 2,470.491 PTovlsions for liabilities 15,250) 16,5001 Net assets 2.550.992 2.463.g91 Inc¢m• funds Endowment funds Unrestricted fu￿dS 12 13 2,203,455 347.537 2,154,533 309,458 2.550.992 2,463,991 Tie financia5 sldie'nefil< weie FOR THE YEAR ENDED 31 JANUARY2025 Acwuntlng polkles (Continued Bask flnanclal assets Basic ffinarKial assets, which indude deblors and c8sh arnj b8nk b818nces, are knltiatly measurad at transaction fv Indudlng trans8ctiLYL t))sts and ar8 subsequenty carried 81 amorbsed u)sl usiryJ the 8ffe¢i Interest method unless the arrangenEnt constitutes a financing transaction. where the transaction is measured at the pr8sent value of the bJbJr8 receipts discountad at a market rate of inleresL Finanaal assets 8aslc flnanclal Ilkn"IIUes Basic ffnancid Irabililies, indudiryJ ¢>edit￿S and bank loans are intlialty recognised at trdnsaclion price unles5 the arrangement CpN￿￿tUIes a ffin8fid￿ transaclton. %there the debt instruM￿t is measured al the present value of the futur8 payments discounted at 8 rwket rate of InteresL Fln8ncl81 Ikgbllliies d&sslfied as payable thln one year are not aMOrti￿1. Debt Instruments are subsequenty carrled at amortised ct)sL ustrYJ effedive Interest rate method. Trade cs&Jitors are c*Aigath"ons lo pay for go￿$ or ye￿1¢e# that have been acquired in tr*è ordlnary cc#Jrse of operatvjns from supplie￿. A￿￿￿j￿￿ paydble are daSsifi￿1 as ¢)Jrrent li8bllities rf payment is due w(thin one year or less. If not. they are presented as n￿-CUrrent Irabilibes. Trad8 cxedilors are r8cognis8d Inltiauy at transaotth price and subsewentty moasured at amortised cost using Ihe gffectivo int￿t m8th0d. Dere¢ognitlon of Ilnan¢lai Ftnancial liablktses are derwnised when thg charitYs obllgal¢￿$ expire or are distharged or cancelled. 1.9 Provlslons Provisons are recognised when the charlty has a Co￿1￿￿ pr?￿t 0blb3ath￿ as a r8suII of a past ev￿( it is prOba￿e that the chattty wll be requiF￿j to setue that obligatk)n and a ￿lable estlmate can be made of the arrmjunt of Ihe (*￿gati￿. 2025 2024 Dividgnd income Bank Interest (Received gross) 51.948 15.582 41.196 16,902 67,530 Rai8ing funds 2025 2024 Inveslment management costs 11.Y26 11.071 11.926 11.071 11 Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Expgndlknre on charhable aGtl¥l 2025 2024 Dlre¢l ¢￿ts 14,450 36,7(Kl Share ol Support and govemance costs (see note Support GovernatKe 1.095 5.938 2.760 17.525 45.398 Analysls by fund unr8s1ri￿d funds 17.525 45.398 The charlty uTr2ertakes Its charftat4e actsvrNes through grant maWTrJ and awarded grants to a number of irxlivKJua15 in furtherdrKe of ils chaiilabSe ac1ivibes. (knts ￿Ere pawj to 9 {2024: 35) indNtduals during th8 Supwxt Goveman 2025 Basls of allo￿On Insuran Webske (x)sts 615 615 Direct 480 D￿ect Independent &xamination Fees 1.980 (>)vemance 3.075 For tho yoar ended 31 January 21r24 2024 Basis of allocation Insuran we￿te (y)5ts 658 Dlr8ct 5.280 D5rect 5.280 Indepethl Examinatton Fg8S 2.760 2.760 Govemane8 2.7 Net movement In fvnds 2025 2024 net movement in fvnds is 8tated after c*wgIr￿(c¥e(fiting). Fges payable for the independ￿1 eXa￿n8th)n of the fmn(xal statements 12 Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 The Trustees all give freety thelr tirne and experttse thut any form of rernLmerati￿ or other bgnefit cash or kind12024.. £nill. There have been ￿ other rdated party trar￿CtionS in the year. Employws The average monthty number ofemknes durty the year was: 2025 Number 2024 Numbgr Total There were no emtAoypes whose annuel remuneration was more than £60.OCrf). Gain5 and1055es on inve5tmor 2025 2024 Gainslllosses) ar￿Ing on: Revaluation of investments Sale of Investrnents 20,697 (78,6471 45,082 48,922 {33,565) 10 Taxation The thwity is exempt from tax8tlon on hs activi1￿$ because all Ms Income ts applled for charttable wrFQS8S. 13- Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 11 Fixed asset investments Llstrd investments Cost or valuatlon At 1 February 2024 Addrtsons Valuation changes Disposa15 1,299,102 248.453 20,697 1167,078) At 31 January 2025 1.401.174 Carrylng amount Al 31 January 2025 1.401.174 At 31 January 2024 1.299,102 lnveStrr￿ts at fair valug all ccKnpris8 of equities listed in Iha UL l investrn8nts are carried at their fair value. Investment in equrlies are all traded in quoted public markets. prfmarity the London Sle¢k Exchange. Hddings In common Irwestment fijnds. unlt trusts and open-ended irwestment a)mpanies are at the bid prKe. The bags of fair vatue f¢x qwled investments equwalenl lo the mark8t value. using the pri￿. Ptsset and purchases are reC(￿nISed al the date of trad8 at cost (that is their transaction value). The SvJnifiCan￿ of financial nstruments to the orwJoThJ.finanCi￿ sustatnabifity of the Trust is consid&r8d in th8 finandaj revlew and investment pdicy gnd performan￿ s￿tiC￿s ofthe Trustees'Annual ReF(JrL Thg main risk to the Trust frorn financial instiwients lies in thg ￿nb1￿1(￿ of unG*in Invethent mark&ts and vulatility in weki. The yidd on t*)rKls ￿ been abnormal￿ Icrw givro rise to a stgnrficant downside risk of a fall in capital values when interest rates retum to nomwl levds. Liquhlity dsk Lq antlcipated lo be low as all assets are trad&J in markets gwd IkiuKIty and h￿Jh trading volumes. The Trust has ￿ investment hoidlngs In mathets yjtyect to exchange urtLTrls OT trddirffJ restrictions. The" Y￿￿t mana3es thes8 investm8nt risks by retainiThJ 8>wl a¢fvisors ￿ ¢)peraflng an uivestsmenl w)tlcy that provides for a degree of diverslfication of hokjings ￿thIn investment asset da5ses that are quoted on recognised stod( exchanges The Trt￿ does nol make use of d￿l¥a￿ve$ and S￿rI18r cOm￿X flnandal instrument& 14- Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JANUARY2025 12 Dobtors 2025 2024 Amounts falllng due *thln one yw. Bank Interest Recwabte 1.025 1.200 13 Creditors: amounts falllng due wlthln one yèar 2025 2024 Ac(xuds and deferred Inccrfne 4,820 Provisions for liabllltles 2024 Grant Commitlmants 5.250 6.500 Movements on pro￿90nS. At 1 Feb[￿ry 2024 Addit*)nal Provi￿On5 in the year 6.500 (1.250) At 31 January 2025 5.250 Provisions consist of grants apwoyed by the TnJst pre 31st Jamjary 2025, not yet paid lo Ihe recipt8nt& Tha grants wll be paid lo the students ¢Mc* they have nkt the ￿dI￿onS ofthe grant approval. 15- Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 15 Endowment funds The endowment futKI ts Ihe catthal of the dwity. and represontgd by amounts held in bank deposit accounts and equitses. Income arising on the endowment lund can ke ¥Jsed In ac£ordan¢e wlth the objects ol the chaTity and 15 induded as unrp5tr1ded in(J)me. Movemènt In fund$ las8•$ 31 January 2025 EndcNvment fur 2,154,533 48.922 2.203.455 For tho year •ndod 31 January 2024 Movement In funds Bolan￿at Garns and 105SO5 Balance at 31 January EndcKrnt fund 2.188.098 133.5651 2,154.533 16 Unrnstrlcted funds . The unrestrlcted fijnds ofthe tharity ￿MprISe ￿ UneXpend￿ balances of donallons and grants vthlth are not suliecl to spwfic conditions by d￿OrS and grarth)rs as to how they may be used. These Indude designated fur¥J5 which have been set aside (MJI of unrestricted funds by the trustees for speofic PUTpose& At 1 February Incoming Resources At 31 January 2024 rosources expended 2025 G8ner81 funds 67.530 129.4511 347.537 Previous year At l Febnjary Incoming Resources At 31 January 2023 vÈsources expèndÈd 2024 General ftjnds 307,829 156,4691 309,458 16- Thomson Cooper THE CAMERON TRAVEL SCHOLARSHIP TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 17 Armlysis of nat assets between funds Unrestricted Endvrnt funds funds 21)25 2025 Totsl Unr8Stritted EndowFrErrt nts fvnds 2024 2024 Toial 2025 2024 Fund b818nrxs at 31 January 2025 are represented by: Investrnents Current assetsl{liabiltliesl ProVis￿n5 1.401.174 802281 1.401.174 1.155.068 {52501 1.299,102 855.431 1.299,102 1.171.389 16,500) 352,787 (S,2￿> 315.958 {6,5001 347,537 2,203,455 2.550,992 309,458 2.154.533 2.463.991 17- Thomson Cooper