REGJSTfi RED CHAIUTY NUMBER.. SC038198 REr PORT OF THE TRusfEES AND UNAUDITED FINANCIAL STA TEMENTS FOR THK YEAR £1 NDED 30 IYOVCI MBER 2024 OR CORDIS CHARITABLE TRUST Milchcll Fdivard% CharteTed CeTl¥ficd Awguntsnts 24A Ainslie l)lace EdiHbuF8h E113 6AJ
CORDIS CHARITABLI TRUST CONTENTS OF THE FINANCIAL STATEMENTS for the yeHT Ended 30 NovEtthbeY 2024 PAEe Report of tlie Trustee5 Independent ExAminerls Rcport Stotement of Fithanei&l Activities BfiIAkce Sheet Notes to the FLIIAntl*l Stxtements 6 to 11
CORDIS CHARITABLE TRL'.ST RF.POR1' OF TTrIE TRUSTEES foi. tbc yeAr endcd 30 November 2024 1.he tsustCC5 are pleascd 10 prc3CILt their fepoit alld the accourttg of Iht Iriistt fund for the yeai thded 10 hovernb¢r 2024. wtsic.h have bcon piepured in aCrdnee with tlie provisions of 'Accountin8 and Reporiing by Chariries.- Ilic Siiil¥m¢.llt i)fReLii]ntnriidcd l)raiticc opplicabl¢ to =harilits pi=pai4ng their 3cc¢iiinls in iMLx>fillliiLe i¥iili tlJ¢ F¢Ji&icial Rq)ortin(T Siadard applicabl¢ in Ihc UK and RepiiblsL Lbf Ti'¢l?ill(l (FR81O2)', and in complianco iviih applicablc law gvvcrning SoottiRh Chsrities and th¢ trust deed. ORJF,rrivK5 AND ticrivii'iES Objettives and aiTr18 Under the teS of rhe trust deed, Ihe inconje of ibe trust is 10 bc appliri4d tor the folli>wiTig puryiiis&%". 2. ThL aovaiiccmonl of health lirtcluditigtht prevthiion or r¢lief tsfsiekrtess disease or hu Suffering) 3.'llie adv&Thcenietti of the heritage, eultur¢ or sciente 4. The advanc¢metti of hutllan righis, L'VS1fliLI resul[1011 vi i¢ktsD¢lliaiion ACHIEVF.MF.IYT AND TF,RFORMANCE ch#ril1}le ULtiVLtLes Gr2nt AiY&rd5 .10ts12 thf £4i9:041 were hwaTdcd diiring the year as detaileil in 4 lu Ilit aLLoullls. FTYANC.fAI, RF.VIEW IiiLIMii¢ foi. Ili¢ yrar amountcd to £400.0(MJ 8rising fiom corporate douations and p¢diEute grnollnltd to £440,18 l. Thi5 iesulted in ancl dccFcc in knnd5 Ot £,ItJ, i¥1 tor the vear12023'. irnci'ea5e £56,432). Total fund% LAEricJ fcirwdixl yiYii)Ltllied to £130,808 being IILC UDfG5tri¢lcd frcc rcscrvcb of thr rhwity which &re availabl¢ tor tulLtte wyiil 4iw'ds, project costs and adminislTaiive c0513. Rt5erYt5 ptslicy (i¢ner&lly. resETVeS held at a levtl ¢0 tover all1 alva1$. project costs and a¢lminiilrtliv¥ Li)s%.% in Ihc iiiiijicdiale future. R¢5¢1ryeS al the balattce sheti darc. zmoiinied 1¢) £l.10,8fl%12Q?3.. £170.91t9). STRUCTURE, GOVERNANCE AND lAIN6.MI, CDvcrning document Cordi5 Chgritoble Itust WLS established by fi Irusl deed daied 25 Api il 2007 ar is rce.i.siered as a ScottiRli cliarity Irctctrncr S(_'U38I98). Thr ITizuiagcllJClit of the Trjst is Ihc spOnSibl11tY rpt tbc truste¢5. iyho meet regularly to disbuTse branis and conduct the Irust's a*T2irs. Ncw Ilustees ure appointed bv the existing In]Aees And i1.uste may t>ol exceed 5 ill numbe.r. RIGF£I RENCE ANI) ADMINY.STRA TIVE DETAILS RTIstled Ch#rily nunibti SC.01819 Principxl addrt55 caver Garden Far Denholm Hawick Cbartcrcd CcriifiLd AccountaDt5 24A Ainsli¢ Place EilinburLh F.HH l)AJ Pagt I
e.nRD15 LIIAIIII'ABLE TRUST RLr VOR'I. Ob. THE TRUSTIES for the yeftr ended 30 Nnvemlier 2Q24 Approied by older of the trar(l ofjtrusttis 011 20 Marcli 2025 alld led on its b¢hallby: Pagt 2
IliDEPbKDENT EXAMINLR'S KPoRT TO TH£ TRUSTEES OF COIIDIS LHAIII'I'ABLE TRUST I report on thc 8ccounrs for the yth endtd 30 Nov¢nib¢r 2024 Sel out P(re8 four tD ¢leYen. RÈspectlve respvn¥il¥ilit1¢5 vl triiilee5 Aiid ¢xAminer Llith'ity's tru3tee5 arc rc%ponqiblc for thc pr¢wLation ot Y)e ¢eounls in accordfjntt with the terms of the c.11(15 1111(I TIiLslrr Invcslmrnt IScoti8Ddl Act 2W5 gnd the Lharili¢5 Accounrs IStot1 d) RelliilHliiiriN 2006 (d8 TicI1dedI. Th¢ Lharitys tnJslc¢5 On51der the audit reoulremertl of Reguldlioii l(4IIIA) i(1 It) ofihc Accounrs Rrvulalions docs nol apply. It is myresponsibility to exam¢ th¢ accoiiiils èiq T¢Vired under Section 44{INcl ofihc Act and tfj 3tute wKeth¢r particular ttMtt¢rs have cotne to my attentEon. Basis vfihp irtdrp¢Iidet ¢xRmiJJ¢r s repdit My e.KaminatiotJ caiTicd out in atcordaftLe Ivilh Re8ullllioll I l ot Ihe Charities AecoLinl% 18Li>il4%111l Rcgtslallot ?(MJ6. An cxatnination ijjcludes a revieiv of the &ccoiiniing retords ke.pt hy IhL diarity Aii(l & ci)iiii>&risoii of the accout)Is prcsclltcd with Ih05C records. It Blso includes coDsiderali<>n lif yiiy iJnu51 ilein5 or disclosurc5 Ihc acrounts. scekinR explanarions fram you as thislccx LOliLe.riiiD& Any su¢11 matters. I'hc proccdurcs iiRdBrtokett do 0t proyide all the £idence (hai ivould be requlied iii an diidil, and constqucnlly I do ntkt rxpr¢55 audit opittiott on the viesv given by thc 0nis. Imdependent oi&inirt¢r'8 5tntern•nt Ir] connection with tny examinztion, no mattcr hi% L()rnr. In my alt¢nlioJi whiLlI gives rll¢ ttasonablc to bcltcvc thut, itt Any mateTl#l iygpecr. Ihe requE[¢t4 to keep accounting records in accord8nL'e willi Se£iioii 44IIXal of the 2005 Act and Rcgulation 4 ot thc 2(K)6 A£¢ounig lie%ulalion%; 10 prei)aFe a¢coiLnl% which dici)td with ÉtL¢ ACCOUntillg rctOTds and to comply with Regulation 8 tsf Ihe 2( ACCOU1$ h4Ye not bc6n met. or o ulii¥h, ITh my opinion. attenlion shou5d drui¥n kn ord¢rtt) enablt a prop¢r undE15tsnding of aecounts ro be r¢dih¢d. The A&sDLi%iiiiin iifc,hailrred L¢41tFied Account&nls Mitchell Edths Lharfered C¢nifIed Accoiintanls ?.4A Ain%laL Plxce Bdinbiiryii F.F13 ()AJ 20 March 2025
CORDIS CFL4RITABLE TRUST STATEMEIYT OF FINANCIAL ACTtVlTIES for tlie year ¢iidtd 30 Novernber 2024 2024 2023 Total lund8 Unreslriclcd fund Notes INCOME AND ENDOWMENTS FROM Donations and legaci¢s 40n,000 500.000 KXPENDITURI ON ChAritAble attiyitics Giinlmakirtg activiti¢5 440,181 443,568 TrI£T INCOMEIIKXPCI NDITURE,} 140.181) 56.432 RECONCILIATIOLS OF FLWDS Tothl brought forward 170,989 114,557 TOTAL FUNDS CARRIED fiORWARD 130.808 170.989 CONTJNUING OPERATIONS ASI income and ÉKpend¢turE has arisBts Irom continuirtg acElV¢ti¢s. Thc notes fortn part of these financial siaicments Pagc 4
CORDIS CRJARITABLE I'RU6'1' IIALATICE SHEEIT 30 Novemhtr 2024 2024 UJveslricScd tiind 2023 Total fvnds Not¢5 CLTRREIST ASSITS D¢btrris Ch al batsk 200.0 63,Y.I 240,9Tr1 763.948 240,904 CiiICDITORS Arnounis falling due i1¢h1n one year 173.140) 169 1)15 j IYET CURREKf ASSETS 190,808 170,989 i'(yrAL ASSETS LESS CURRENT I,IATIII,ITIF.8 190,808 170,9¥9 C.REDITORS ATnoiinLE tallitt% due gftcy JtK>re tban one year (60,000) N£T ASSETS 130,808 170.989 FUNDS Unrestrictrd tas. General ftind 130,¥U8 170,9119 TOTAI, FiF%Trg 130,808 170.989 finanei&l 0(eMents were 2pproed by Ilic n(>anl i)rTru%1. *ti(l aijthoi.iscd for LSSUQ on 2D March 2025 llnd Te Slxrted on it5 ithlf by.. TknL JiylcN form) rI Iifiliese fin3ncial %t&lelliGIrt5 Pag¢ 5
CORDIS CHARITABLE TRUST NOTES TO THE FIIYANCIAL STATEMENTS for the year ended 30 NDVEmber 2024 LEGAL sfATUS OF THE Fuiy The Trust is an unincorporated charitable trust constituted by a deed oftrusl and is regisieiEd in Scoiland ivith its pyiiicipal addrc55 at Caver5 G#rdett farin, Denholtn. Flawiek. TD9 8LN. The presentation cuttency of ihe financial stalcmcnls is the Pound Sterling {£). ACCOUNTtNG POLICIES Basis of prEparing tlie financiAI stalement5 1.he pr%ncipal llccounting polici¢s Ddopled. judgements 2nd key sources of estimatioll uncertainty ill the prepaTation of IILe rinancial statements are as follows.. The financial slaternenls havc been pr¢paT£d ill Jwordancc with the Charities SORP IFRS 1021 'Accuunting and Reporting by Chaiitl¢s." Statem¢irt of Recomrntnded Prnclice applicllble lo charities PFEpaiin8 Ihtir accoullts in uctordance with the Financial Reporting Siattd2rd applicable in thc UK and Republie of Ireland IFRS 1021 l¢ffE¢live l January 20191,, Ihc Charilies and Truste¢ Investment (Scotlandl AGt 2n05 and th¢ Charilieg Accounts Iscotlandl Regulations 2006 las amended). The Trust ttiE¢ts the definxlion of 8 public benefil entity under FRS 102. Assets and liabiliiies art initially rwognised at hisiorical cost or tllln5aclion valuc unless oiherwisc slaled in ihc r¢l¢vaDt &ccounrin8 policy note(51, Preparati4>rt of the accouTht5 a gotng eopr¢rn bsis Th¢ trust¢¢s eortstder Ilial therc or¢ no material uncerlainiies about the Tj'ust's ability 10 continue as a goiTLg conr¢tn. All income is recognised irt the Stalemeiit of Tr'inancial Aclivilie5 once Iht charity entitl¢tnent to Ihe funds. it Is probablv thai the kncotne will bc received and tht amount can b¢ rneasured reliably. Expenditure Ligbilitics are ircognised as e.xpenditure Ès goon as tliere is a Icgal or cottstrllctive oblig91ion ¢DTnTnitting the charity to Iht cxpenditUFe, il i% piDbabl¢ thot a ironsfer of econoniic bcnrfiis ivill bc rtquired in selllemenl a¥Ld the amount of the obligation can be measured TGliably. Expendituit is acci>uiJled for on an aGGruals basis an(1 has been c151r1 under headiTk8.% that &ggTttEaie all cost T¢lat¢d to the cate8ory. Whcrc LOStS tanIiot bc directly aitribuicd io parlicul8r headings they have been allocated to gttiviticson a basis consisient with the use of r¢5QlllCCS. Grants offered subject lo condition8 which have ntsi bttn mct at the year end date are notcd as a committneni biit not accNcd 5 expendittiye. CTovirnllnce costs Support costs arc those funuions that as51St th¢ work of the Trust but do not directly Undertle charitable &cliviti¢5. Govcrnance ¢05t5 toniprise all c0515 involving the public accountability of ilic Trust in compliance ivilh regulation 2nd go1 practi¢c.'I'hese c05t5 illLludc cosis relating to Independent examination and accounlancy. The Trust is exctnpt from on ils charitablt aclivitl¢s. Thc ch8rity is noi registered foT VAT and expenditur¢ in¢ludes VAT wheir applprIate. Fund ac£ollrtiMg UnTesiricted funds catt bc used in a¢coidan¢e i¥ith the ch8ril8ble objcctivcs at the discretion of Ihe trustees. Rc51ri¢led fuDds can only be u5e(I for particular rcstricled PUTposes i¥iihin the objc¢ts of the charity. Restrictions arisc whtn 5pcEified by the donor or ivhuk funds ar¢ raised (or particiilar restricted PUrpD¢S. Undcr th¢ original grant. lllcom¢ an expendable endoiytneni fund was to bc applied for the purposes of the charity and Ilie Cfipilal could bc expended as grants lo projects which provided an endiiting bcnefii to the b¢DeficiyTies. The balance on the endoivtnrnt fllnd was transfeCd to the unirslrioted intOTne fund in 2013 with th¢ agreetThent of tt]e donor. Debtors Debtors are Tecogni.%¢d at the settlement aillount diic. Pr¢payTntnts &re valiied ai Ihe prtpaid amount. Pag¢ 6 cofft(iiiued...
CORDIS CHAIUTABLE TRUST NOTES TO THE f4lNANCL4L STATEfvIENTS_ continued ror the year ended 30 November 2024 ACCOUNTING POLICIF,S- continued Cash gt bllnlL Cash at bank includes casli ivhich is accessible on d¢tnand. Cr¢dittsrs ond provislo#s Crtditors and provisions arc rccLTrgnised wh¢Te * PTesellt obligation fr()m a pass¢d event will probably result in the tr&nsfcr of t41nds tu & third party and the amouni to seitle the obligLtion can be meaSred or estimated reliably. Creditors and piovisions are noimally reco8Dised at their seiilement 4tnourtt. Grant5 offci'ed subj¢£t to conditions which have noi been rnet &t Iht ycar end dat¢ ar¢ noted as a commitment bul not aCced k)8 ¢xpenditur¢, FirtThncial instrument5 Financial lAs1nIclS cotnpTise financial asse18 and financial liabilities whieb are initially TCCO8Trised &t transaction vlut and subsequently measiircd at thcir 5ettlemeJJl valiie. Wherc a pi'ovision 15 accrued Ihar will seltle ovcr several year5 tli¢ PLyTnents J'cquir¢d 10 settl¢ the futurc obligations are discounied to th¢ir pr¢3enl value. CHARJTABLE AcfivITIES COSTS Grant fijnding of Support costs (see note 51 15ec Dole 41 Tota15 Grantmaking activili 439.041 1,140 440,181 GRANTS PA YABLE 2024 2023 Granlmaking 8tiiviIICS 439,041 442,48 l)#ge 7 colltimiied...
CORDIS CHARITABLE TRUST NOTCS TO THE FINANCIAL STATEMENTS- continued for the yexr ended 30 Novtmber 2034 GRANTS PAYABLE- rontinued GRANTS TO INSTITUTIONS GraJJts Px).b]e to institutio[15 compris¢d.. 2024 2023 Aberloiir Child Care Benedctti Follndaiion BctSiany Chri5ti#rt Trust Butl¢Tfly Trust Brain TumorTrust Bridgentt FamJhoDs¢ Circle Scoiland Cal'e for Carer5 ColuMcle ccnlr¢ Crewe 2000 Degn & caVIn Young PeoplesTrust Disgsiers Emergency AppLal- Pakistgn Disa*ers Emergency Appeal- Turkcy Earthquake FAlinburgli Child and Ccntrr5 Edinburgh Cyrenians Edinburgh DiTect Aid Edinbuigh City Mission EdinbuTgh Headway Fdinburgh Yourtg Carers Erskine Hospiial Farnilies Outside F¢tlorYouih Clubs Fair Fainilys First Filtnhou5tt Edinburgh Get2Gcih¢r Grdb TTUSI Health in Mind Hearts & Min4Js Ksng5 Tht&lr¢ Kindred Light IAb Projcrt Light Up Lcarning Living Memory As%ociatioTr Livingsion Tanzaniu Tru51 akhad TTIISI Maggie's Medecin SÈns Fronlieres Musically Aclivc Dudes NatlODuI Gallcrits ofscotluDd OJ'¢adia Movemcnt Pain Conce Pet Fostering Scoilond Place2Be Play Therapy Base Portobtllo Sgiling. Kayaking find Roiving Cliib Rock'rSt$ Royebetry C¢ntiE Ilowan Alba SLollRnd VersusArthritis Scottish Ballet Scottish clilty Air ArE]bulance Simon Comtnunity Str¢etrYorks Spartan5 Commiinity Fouiidation St CTl5PinE Aftcr S¢hool Club Te&pol TTU51 10.000 2.500 5,000 4,0 3,000 I,ooo 5,OlX> 3.000 3.001) 3,000 2.000 2,500 5,00 10.000 loo,000 10,000 3.000 100,000 15,000 6,000 5.000 3.000 3.000 4,000 3.000 2.000 3.000 3,000 5,000 3,000 5,000 3.000 3.000 3,000 3,000 5,000 50,IXX) 120,0 l 17,670 3,560 2,500 3,000 3.000 5,000 3,000 10.000 io.ooo 3,000 20,000 2,983 3,000 3.000 3.000 3,000 3,780 3,OlXI 2.500 3,000 3,oiXI 10,oix> 12.000 3.000 s,000 3.566 7,000 3,IX)Q Pago 8 oiiiiniicd...
CORDIS CHARITABLE IIiUST NOTES TO TH£ FINANCIAL STATETrIENTS- contirt¥ed foy the ye42r ended 30 November 21124 GRANTS PA YABLE- eontiJiu¢d The Bertevoltni Fund forNuiE¢S in Scotland Tiivandutn Sbhool TnTssell Trust UNICEF-.Middle Easi Emerg¢ncy Very Trtclusive Play Cliib Volurtteer Midloihiart Oth¢r beneficiaries Igriinis belo¥v £2.5001 16,000 3.000 10,000 3,Of 4,215 3,0¢)0 44.760 4.215 17.780 TotBI 439,041 442,488 SUPPORT COSTS GovBrn&nce costs Grantmaking activities 1,140 Support costs, irttludtd in the abov¢, are as follows.. 2024 Gi?nlmakillg a¢tivities 2023 Toial Indcpend¢Dt 4mlAlI0 fees Accountancy 570 570 540 540 1,140 1.080 TRUSTEFS, REMUNERATION AND BENETrITS 'I'heTe iyert no ITUSt¢ts' remuneration or other bencfjts for tlie year ended 30 November 2024 noi. foT the ycar ended 30 November 2023. Trustees expenses Thcrc were no trustees, expens¢5 puid for Ihe ycar ended 30 Noveinber 2024 nor foi the year ended 30 November 2023. DEBTORS: AMOUNTS FALLINC DUE WITHIN OIYE YEAII 2024 2023 Oihtr debtors 200,000 Page 9 continued...
CORDIS CIqARITABLL TRUST NOTEI S TO I'HE FtNAhCIAL STATEhlCI NTS- tontiiiued for the year ended 30 November 2024 CREDITORS.. AMOUNTS FALLING DUE WITlIllY ONK YEAR 2024 2023 AccFuei] expenses Ac¢wed ?n15 payable 1,140 72,000 1,080 68,835 73,140 69,915 CREI DrtORS: AMOUNTS FALLtNG DUE AFfER MORE THAN ONE YEAR 2024 2023 ActTued grants payable 60.0(X) io. MOVETrlfNT IN FUNDS Nct rnovement At 1.12. At 30.11.24 ds Utkrestricted lund5 General nd 170,989 140.181) 130,808 TOTAL FUNDS 170,989 140,181) 130,808 Net movem1 in furtds. included in the aboye are as follows.. Eneoming sources Resources cxpcnded MoveTnent in tund5 UDrestrieted funds General fvnd 41X),O(K> 1440,1811 140.1811 TOTAL FUNDS 400,000 1440.1811 140,1811 ComparatiYe$ for wovemtnt in fuTrd5 Net movement sn furtds At 1.12_22 At 30.11.23 Unrestritttd fund5 General 14,557 56.432 170,989 TOTAL FUNDS 14,557 56.432 170,989 Pagt 10 oiitinued...
CORDES CJIARITABLE TRUST NOTES TO THE FINANCIAL STA TLMENTS- corttinued fur the year ended 30 November 2024 io. MOVEMENT IN FUNDS- continued CompJralive net movemeThl in fi]nd& included in the above are as lolloiv5- Incomiiig resources Resou]res expended Movetnent sn funds Ullrtstrieted fuiids G¢n¢ral fund 500,000 1443,5681 56,432 TOTAL FUNDS 500.000 1443,5681 56,432 RELATED PARTY DISCLOSURES Tn]srees do not receive remuneration, expenses oi. oth¢r bEnefils fromtheir work wilh the Trust. The awegate amouni of unconditional donations from related parties during the year was £400,000 {2023'. £500.0001. PaLFe I I