THE RYVOAN TRUST REPOAT AND FINANCIAL STATEMENTS for the year ended 30 Septanber 2OZ3 Scottlsh Charlty Number: SC040707
THE RYVOAN TRusr erf¢ •nd A4mknlstt•tl¥¢ D¢ialL Tru#••i Principle Orfi(t Audltor MHA Chartered Accountants 6 St Colme Slreei Edlnburgh EH36AO Ban•rs Couiis & Co 440 5tr•nd London WCIR INS Waystone FuThl SeNces IUKI ilmrted 64 Sr James's Street Nottin8ham NGI 61f Soll¢iior Tur¢4n Connell PrIn55 exhange l Earl GreyStieel Edirt•urgh EH39EE
THE RYVOAN TRUST CONTEIITS PAGE 7rusteeg Report Independent Audittrfs ReFort 4-6 Statementol Finan(ial Actviitses Bal(¢ Sheel Nolts tr the Fln•n¢bl •tements 9-12
THE RYVOAN TRusr TRUSTEES. REPORT FOR THE YEARENDED JO SEPTEMBER 1023 The Trustees present iheir Annual Report together with the alite{l fin¢111 statements of The Rwan Trust I"The TrusV'I lor the year ended J) September 2023. TRIISTEES The followin8 indviiduals seryed a5 Tnotee5 tlY0hOul the period up to the 5ignin8 date of the financial staterner¢ts' CWErnES AIIDACTIVITES The object of rhe Trust15 lo the incoft ¥lsknR from the tutsl. and ¢apifal up io the le Lrf 4% of the fund to benefit such charltablp purposes. obpus instlturlons as the Trustes thlnk ffit and that are In accordance wirh the Tw51 Deed. ACMVEMEMT5 A14D PERFOAMAIKE Awards Ourifil the peilod uThlew revbew the Trust m4de aw•rds tot•lllTr8 £I,302.5CI2O22.. £456,839). The recld¢nts and amounts are Ilsted on pase 11 of the fina71 stattments. The or8anis¥tions sypptsrttd wovk In simllar ¥reas as those supported in the past with •m&th•sis on tsr8•niuti•ns w¢rkin8 Wlth ¢hibdmn and thelr tamllies whoare livin8 in chalenein¢ ¢ir¢umsian¢@s. and oth@rs supportbnR adulis with mental Dr physicèl disabilities. A5 in prevlou5 vears. thè Tfust has been ae tc> fvnd charities workin& ¥hth the most vtherable In 50clety to 8ivÈ adé-on sw)port. therapy and semces whkh are beyond the remii of Social Ser¥ice5. The Trustees have declded to SUNrt a capltal project, Impact 5t11nd, who Ire buildin8 • new corKert hall whith hopes io be cometed by 2027. The TnJ5t has a8reed to donate £l,iTrxI,W). Award polv All charliles awe asked to appty to rhe Trust through the web51te www.r voantru5r.iom. They flnd us throu¢h wold of mouth vr tf115t and sr•nt lin# databases. The wtbsiie Indicates ihe klnd of projects we are keen tp support, those that are inspirin& effectfve and InnovatTr¥e. •r a r•¢¢rtt r4¥l•w, and to r•fSArt th• ch•n8•s In how th• It has b•4n 8lvln& It Th)w has the followlthe appmath.. l. Mtsltl-year portlolio 8p41-theSe arenormally• mlnknum of 3 years. to a portfr•lio 0115 charlties as at the balae sheet Y8nin8 date, thar twst has devekwd a relatb)nship wrÉh. Amounts vary but are u5ully £5,CQ) £50,OJO per cyganisation per amum. The irust sees these awards as an opportunityfow step¢h•nge. devebpmerbt ol capacity, orsalary security. 2. 5ecwd strand Is based on the standard application process whkh Is cuffentty open 1(e a year awards are ysu41ty frorn £5.(KO- £IO.(W. process was reviewed halfway through the year online application process close(l. 3. ontroff capitsl proletts wlll beconsldered on thdf meflts. HNANOALIIEVIEW Per the Statement of Financial ArtNit5 on pa8e 7, the TTU5t rported nrt typ4ndtUre for the year of É86S.$41 12022.. É1.165.1211 after net income on inve5tm?nts ttrrallint £331.713 12022.. net losses of £790.7521. At 30 September 2023. the Trust had iotal fd$ of£7,618.87812022-. £8,484.4191.
THE RYVOAN TRUST TRLSTEES, REPORT Iconllnu•dl FOR TkE YEAR ENOED 30 PTEh18ER X123 Principal sour¢e5 The Tru5VJ princi1 source of funds is the incorne 8ener•ted by the investments held under Twst Fund. Reser¥•s polkv The Trustees aim to distri1te 4% of the value of the fur based Dn an averaRe of the prewous three financial vears. This figure indudes the di¥idend income and is used to fund nilti and year commitnnts. Income and In¥eJirnert poll¢y The Trust has in¥esied in ihe Heriot Gk>bal Fund. a UK based ¥bbal tquity hbnd 7knith is managed long term dwidend capital irvvAh above iTrffatn. The Trusy) principal investment objectNe is to athilwe income growth to keep 115 spendln8 power inract after takin8 mllation into account. Gi¥en that the Tr¥sfs capitsl is 1¥8ely permanent. short-term fluctuations in share prlces are nor loo Imponani. Howv4r, li Is hoped ihai 8othJ long remi dlvk1eDd growth wlll lead to mnar relyr Icf the Trux's caFdiJL STrUCTUIIE, GOVERNANCE 24DMANAGEMENT docum•nt The Trust is Uni001ated tharity and 1$ governed by its Trust Deed. The Twsl was founded on 30 June 2(M)9 and a Trust Fund was esiatlished on 16 November 2009 by a th)natI Irorn the settlor, Alan McFarlane. The Trust 15 a Scottish re81steI charity, No. SC040707. ApOrtmtnl oITnotes The 6oaTd of Trustee5 a5 a whole have Ihe power toapOfit rw Trustees. Trustets. kndu¢tk)n •Trd ir•lnlns Nev• Tvuste¢s •r¢ siv¢h a ¢opy of the Trust Deed and the pollcles developed by the Trustees. New Trustees ynder80 Instruthon to brlel them of thelr le831 obll8atlons under charity law. Orynl%atlonl itructUf• The Trustees are respons11e kn the rnana8ement ol the Trust and for 1 dec151ons on who shouhj bèneflt from the Trust IOrne. The Tvustees Serve¥0ri. R15k m•n4ement The Trustees monitor carefully the prkndpal rists tscln8 the Trust Intluding the securily and Ilquldlty of Its issets, the statu5 01 ¥11(¥nts the reteipt of lthds alk)cated by the Trust. The manaBement and securlty of the Trust assets ¥e ¢onsidered at each Bo¥d meetlng. Pl$FI)R THÉ FUTUAE The Tr$1 Intends to eonthue as befolt lth a focvs on Jupportln8 chIldn and adults INini throu8h tov8h r¢aki¢s. as well as supportirTri larger. one off capital projects. This is in line with the direction of award$ 8iven over pfevious y8ars. AUDITOR Geoghegans re98ned as audit(Ys on l February 2024 k)IlwnB thwr meryer wrth MHA and MHA were appointed as auditors Irom that date. In accordance with the Tnst'S article5. a re501ution proposing tha MHA be re-4)poinied as auditors will be put at a general meeti.
THE RIVOAN TRUST TRUSTEES. REPOAT Iwrtinuedl FOA THE YWI ENDED 30 s£mBER 2023 STATEVENT OF TRUSTEES, RESPLY481uTlES The Trustets arè rÈsponsit4e for preparin8 the Trusteès, Rèport and the financial statements in aectsrdance th aF$)licab law and Unrted "ngdoM Accountini StaThJaids Iunlied KId0M Geneially kcepted Accounting Practice). The law to thafftles In 5coiiand requtres the Trustees to prepare firk)ncl 5taternents for eath flnanclal yeaf which 8lbE a true lalr vlew of the 5ta ol alfatrs of the Trusi ènd of the Inuxne and expendituit olthe Twust for th•t perlod. In preparn8thtse fin1 st•tement5. the Tru5tee5 •re requlred to.. Stled suitable o¢¢ourtihi poli¢i¢s •nd ¥ppfyth¢m nsIsteI- ObseNe th meth$ and prineiptes in the Charrties SORP IFRS 1021.. Makejud8emehts ènd estimates that •r•reasoable and prudent- State whether aP1(able accountin8 Standaids ha¥e been followed, subject to any materlal departures dlsdosed and explained in the reports to the finandal ststernents,. aTrJ Prepare tht flnanclal staternents on rhè 8oin¢ contèm ba%s wnless it Is inèpproprlatÈ to presumè that the charlty wll ¢tyitlThut In ¢)peratlon. The Twstees are sponsIb for keepln$ proper £nI1 records that dlsck)se wlth reasonable aCrV at any tlmt the financlal positknn of the Trusi and to enable them to ensure that the Ilnanclal statements comkqy vAih the Charltles and Trustee In4trnent Iscoilandl Att 2005. tr Chafftles Accwnts Iscoilandl Re8ulatioThs 2LI)6 las arneThJedl the provlslons ol thafiWs Trust Oeed. They are a19) responslble for safeguardln8 the assets ol ihe Trust and hence tof la"nI reasonable sieps tor the weveniK)n ènd detertion of traud and O¢her IrregulalIes. In w lar•s the Tru3tee> Jre Jw•re 4tthelime of approvii the Trustees, •nhu4 report.. There is no rdevant lnkjrmatn, bting infom)atioh need•d by th• •udltor In ¢¢nn•rtbon wlth Pf•parin8 th•ir rport, of wlich the uditor is unawr•. and.. The Trustees have each taken all necessary steps that they ou8ht to ¥* tak•n as Trustees In ordèr to make themselves •wafe of any reknnt Informatft and to establlsh that the audllor Is avAre olthat InfoimatloD. half of th 2024 Lhaii
THE RYVOAN TRUST INDEPENDE14T AUDITOWS REPORTTOTHE TRIPSTEES OF ThE RYVQAII TRUST Opinlon We have audit•d the financial statements of The Ryvoan Twst for the yelr tndÈd ¥) September 2023 which comprise the Statemnr of Finantial Acbvities. the Balance Sheet. 3nd note5 to the financial statements, IncludinB a Summary ol sienifKani accowntin8 policie& The finantial rep(Ytiw liamework that has been applied in their pfeparation is apt4icable law arKJ lthited Kingdorn Accounting Standaids, includiTrg FRS 102 The Fin¢7101 Reporting Stondord oppliccble in t1 UK RepublK of Ireknnd (United Kingdom Generally Aepted Accountin8 Practice). In our oplftlon. Ilnanclal sialeDnts. give a true and lalr view ol the stste ol the Trust'5 affairs •$ at Sèpiembei 2023, of Its incomln8 resowtes and application of re50urce5, lor the yearthen ended.. have been property wepèred In aKordance with United Kingdun Generalty AcpIed A¢¢ountlng Pracite,. and have been prepared In accordance wSth the requlrements ol the Charliies and Trustee Investment Ait 2W5 1¢8ulaiion 6 8 of the Charitles Accoynts15cotl•ndl Aeiulatloths 200G las arnernledl. Ba$ lor •pltr4on W• eenducted our audlf In a(cwdanco with Intematknnal Startd¥ds on Abdltkn8 IUKI IISAS IUKII and 3pplitable law. Our resp)nbIlItIeS uhder tIK)se standards •re fh1 described In the Avdlior's respoosSblltles for the audit ol tl fina[¥1 staternents se¢tion Df our report. We a Independent ol th Trust a(cordance wlth the ethical requl"ernents that ao relevani io oui alIt of the financial statement5 In Ihe UK, l)cludin8 the FRC'S Ethical Staidard. and wt have fulfilled Qui Otr ethkal responsibilitie5 In aCcOrdar with these requirements. W¢ belle thai ¢h¢ •udlt evidence we have oblalned is sufficlent and appropriaie to provide a basls for our opinion. Conclusborns rnlallwio lo1 ¢onurn In audlllni the IlnarKlal siaternen15, we have concluded t7¢ thE TIu5tees' use gf the golry concern ba3 01 occvuntiry in ihe preparation ol fina1•1 stateThnts is OPFfoFffi¥te. Bas¢d on Ihework we have performed, VK not idwtifityd afiy m•t•nl uncqrtaknties r•latin8 to w•rtS Of onditi0fiS that. Individually or colectivew. rnay cast 5iKnific•nt doubt orn tfust's ability to cefitlftue as a 80ine eor&•rn for a period of at least twel¥e months from when the fiA•ncknl staternts are authorlsed for issue. Our respcnsibilities and the re5FW15ibilities of thr Tru5tets with respttt to 80in8 concern are dsulbed In the relevant 110$ of this lert.
THE RYVOAN TRUST 1140EPEIIDENT AVOITOVSREPOIT TO THE TAusfEES OF THE RYVOA14 TRUST Oth•r Ihforrn¥tlon The othef inlormatb)n comprises Informati( induded in tt Trustee Rep)rt other than the Nnartial stattmènis and our a41t0S rep(Kt thereon. The Tr[tee5 are resp(sible foi the other inlc¥mation. Our opinion on the linantlal ststtmtThts d($ not cover the Otr information and. eycept to the exteni otPthvise explicitty ststed in our reporL we do rt ewress anYf0 of a55urance conclLL5iOn thereon. Our resporsitslity is to ad the other infomion and. In doing so. cgn5ider whether the other informati(r is materially icoMstent with the financial statements. ow our knOedge obtained in the course of audit or otherwise appe to be materially misstated. 11 we identify such matenal incon5i5tencE5 or apparent matenal rri5sla1emen V are required deterrr¥ne whether this eive5 rise to a material misstateThenl in the flnancljl siaiemenis or a maierlal mlsxaiemeni of ihe other InformaOn. 11. based on ihe work w? hlve ptifDimEd, vie Ewdude th•i ¢hEfE 15 a material mi55t•tement vf this informatlon. we are require¢J to report that fatt. We hav• notk4n8to r•pwt In thls r•8ard. M•tt•rs on lh •re requlred to r•wt byw¢•ptlon We have nothin8 to report In respect ol ihe foknwinl mattèrs In relation to whlch the Charitles A¢cothts (Scotlandl Regulat$ 26 las amended) requlre u5 to report toyou 11. In our op'nlon.. the inforrnatbXl8b¥en in the findI1 5tatement5 bslnconslstent In any merfal respect wrth Trustées, rewrt,. or prcyer ac£ountlni records havè noi be¢n kept: of the financ1 statemenis arè rboi in agreernent wth the acc04mfin8 iecords,. or we have noi recelvtd all ih• Infomilon and explarbafbn5 we reque for Dur audlt. R•wnillJlllle ol Trust• As xpl•ln•d mor• lulty In th• Stat•ment of Trust••5' Resp(ffislbillil•s, th• Trnst•QS ¥¢ f•sponsibl• frr th• prÈparatiort of tho fin•rl•l st¥tmènts and for beini satisfed that tlw 81¥• a tru• and fair ¥i•w, and lor su¢h Intefnal control as thé Trustees dettrmine is necessary to ena>le the prepararlon ol financlal staternenrs that are free fr¢m materlal rnts#•temenL whetherdue to fraud or ern)r. In pIeparlr the ffnancial statements. the Trustees ae responsib for a5se55in8 the Trust's abillty to ccffitinue as a going concem. disclosln& as appllcatrAe. matters related to going corbcern and usin8 the 8oing conorn basls of accoth)tSng unless the Tnjstees either iniend to liquidaie the trust or to cease opwations, or have no realistic alterr%)tive but ro do so. drtorf5 rwM511Jllltles for the•udtt •f the flnMKI st•tsvMnts We have been 45 audilLY under 5ecik)n 44111 Ill of tharlrlE5 and Trustee Inbe5trneni IScotldI kt 2005 and report in Kld•n¢t ryth rekwl•liohs m•de under that Act. Our Object•$ are to obtaln reasanable assuranc• ats0 7Atheih¢r the finam¢i4 stattments as a are free Ifom material misstaternent. thether to fraud or erfty. and to Is$ an auditorfs report that include5 Dur opiThon. Reasonable assurance is a hleh le¥el of assuranttr. but li not a 8uarantè that an audit conducted In acc¢xdance wrf(h ISAS IUKI wlll alway5 detett a material misstaternent when it eX15ts. $SteMentS can art5e frorn fraud or error and are Consere material rf. ¥idNldualW cv In the aggre¢ate. thty could reasonably be expected to influence ihe economK decisions of users taken on the basis of these financial statèmetsts.
THE RYVOAN TRUST INOEPtNDEMfAIIIXTQRts REPORT TO THE TRV5fEES OF IIIE RY¥OANTRU5T {£ontinuedl AudStorfs responslblll¢lp¥ lor the •udlt of thefln••¢i•l rttsments l¢ontknUI Irreeul3rbts. includln8 fr•uJ, are instafi of non.comp&arKe hw5 and re8ulations. We design procedures tn lin@ with responsibilities. otIlod above. to detect matevial mi5Ststements in resp¢t of irre¥u1arits. indudinR fraud. The specific procedures fDf this engagement aThl th• xtent to whKh these are capable of dereuin8 irregularities. tncludinK fraud is detsTrled belty¥'. Enquiry of mana8emenL thp5e charFd wilh goveman¢t 3rvJ the entitrfs sdititors around actual and potential liiigation and daim5,' Enquiry of entrty staff to identify vIn5nceS ol notFtCrnF4iance with lawsand regUtIOnS.. PerforrThng audit work over the risk of rnana8ement overrlde of contro15, includiry testing of joumal entries and other a¢Jjustments fty ¥propriateness, evaluatlng the buwness ratlonale of $18nificant transactio OL¢tside the normal course of business and Miiewing iccountln8 estlrnaies lor blas,. Revlewing miroJtes of meetings of those ch3r8ed with gcwemance- Revlewing financial 5taternent dlsdosures arKI testing to supportini documentation to assess compllance wlrh ¥ppllcable laws a)d re8ulatlort5. Betaust of the inherent Ilmr¢•knons ol •n wdit. th¢rt ts • Ti5k that we wbll nffj detect all lire8ularltk5, Includln8 those leadlng to a material mostètement in the fin•n¢ial statemefits or non-¢omplionce with r@8ulat)n. This risk Incrses ih• more that (oryl¢anc• • law or re8tslotion Is remtsved frorn the events and trènsartions re1Cted In th financial statements. as w will b• l•ss likely to COme aware ol instances of non-compllance. The risk 15 also greater reiarding irrewlarltltrs tsccUrr6 due to fraud rath•r than enor. as fraud Invo¢$ Intentional contealment. foryery. collusion. omission or rnl5fep5eThtatI0Tr. A fwther deSepiloA OF our responslbmlties for ihe finorthl statementg Is l¢Kated on the FRes weblte at: www.frc.org.uvauditoisre5ponsbilities. This dexrlpt1o fomis part of ourJuditorfs rekM. itse of report Thls report Is made sdèty ro ihe iw5Vs Tnjsiees. as a tty)dy, ID aCCOfdance wfth Sertlon 44 111 Icl of the Chaiities and Tiustee Invesinxni Ikoikindl Act 2COS Re8ulaiioTh 10 ol t Charltle5 PKcounts Iscoriandl Re£ulJtbon$ 2D06 las amtndedl. Ow oudli woik has ts¢ undeitoken 50 that we ml8ht sia¢e io ihe Irust's Trustees those matters we are reqyired to Stale to them an auditorfs report and for no other purpose. To the full•st extent perrnted by law. w• do not accepr or assume wèsp¢rt51blityto anyone othef the Trust and the trusV5 Twsteesas a body, for our audit thls r•F)Ort. or for the 01}nswe h•v formed. MHA Ch•rterd AttounLINts•nd Statutory Audltor EMilbl• io as an audltor Intefmsot 5edlon 1212olthe Comp•nsArt2006 26 J 6 St Coltne Street Edinbur8h EH3 GAD MHA Is the tradinB nn• of M4clntyre Hudson LLP. • l•nited liability partnetship ith En8land and Wales Ire¥istèred number OC3123131.
THE RYVOAN TRUST STATEMENT OF FINANCIALACTivfiiES FOR THE YEAR ENDEO 30 SEPTEM&ER 2023 2022 IrKome frow: Investmen 113,955 94,950 Total Incorn• 113.955 94.950 Expendlture on: Ch•ritable •cti¥lti¢s 1,311.209 469.319 Tot•1 •wp•ndhur• 1,311.209 469,319 11.197.254) 1374.3691 Net InsI<10S5è1j ort In*sMnt a55etS 331.7k3 179),7521 N•t •xp•ndltyr• and kn lunth 1865.5411 11.165.121) Total funds broutht ltyward 1484.419 9,649,540 Totsl lurtds lorwwd 7.618,878 8,484,419 All fvnds are unrestrKted. All income and expeDd61ure Is derr4ed IromcohtiNlrt8 acthltles. Tht ftotrs on pa8e5 9 10 12 form part of ihe5e Ilnanclil 5t•tements.
THE RYVOAN TRUST OALANCE SHteT ASAT 30 sepTEMBER 2023 Not•s 2023 1021 Fixed JsgetS'. Inve5tfflents 8.614.187 .682.574 Current assets: Cash at bank 495,377 184,291 lSabtiitles: CredStLYS.' amounts lallln8 dye withln t>ne 506,786 251,246 Net cuThent Ilabllltl¢s 111,4091 166.9551 Total •ss•ts hss ¢uff•nl Ilablltles 8.602.878 8.615.619 Credltors.. amounts lallkn8 due after one year io 984,f 131.2(M) 7.618.878 ,484,419 Funds Unrestrlcte(l Funds 7,618.878 8,484,419 The Ilnanclal sratements *tre appr(Ned and authorlsed for Issue by rhe Trustees on Ib 2024 and were slwed on theli behall bv: The notes on pa8es 9 to 12 foim part of th•stfinancKal statements.
THE RYVOAN TRUST NOTES TO THE FINANaAL STATEMEiirs FOR THE YEAR ENDEO 30 sepTEMBER 2023 A(countI kIS The financhal statements have be prepare<l eT the h15rorlc cost ronyenuon as modlfled by ihe Incs1On ol fixed asset in¥e5tment5 at f4ii ¥ae with hems reco8nised at C05t ortransxtion walue unbe55 trWISe st•t¢d in tht rev•ntnote(5I toth¢ accounts. The linanclal ststements hab begn pr•par in a((oidaThce wth the Charities artd TTUSt@ Investment Istotlandl Art the Charitiès Attounts IkotlaThll Regulations 2C#J6 la5 amendedl and the Statement of Recommended Prartice.. Acctyjntinz ar Reporting bv Charities ryeparini their finala1 statement5 in accordance with the Financia Rewtirg Standar(l appbcable in the UK and Republic of Ireland IFRS 1021 leffectsve I january 20151 Charities SORP FRS IOZ, and th¢ Finawal Reporting Standard applicat4e in the UKand Republic of Ireland IFRS 1021. The financial 5taternerts are prepared in stediD& ¥thich ts the fundional ctsrrency of the Trust. Monetary amounts in these flnancial statements are rounded to the ne¥est £. The pnncipal accouniin8 Fdl¢lesadopie(l Jrew out below. The Trustconstltute5 • pill¢ ben¢fft entlty a5 dtfined by FAS 102. The fInala1 statements been pared on ¥ 8ong contefn basis. The Trustees ha%t a55e5sd the Trust's ability to tc1[nue as a goln8 concern and arè tonfideni that the Twst has adequate resources to ontlwe In operaOal exlsierKe for the foreseeab future. Thus, they contlnue to adopt the goSn8 concern basls of acCotIng in wepirbn8 Ihese accotsnts. Income, Includln8 Income h)vestments, Is Included In the year in whith the eniitlement arlse5, when It Is probable that the Income wll be rece4ed aNI when ihe monerary value tan be measured rewèbly. Interest vn Ivnos tld on deposlt 15 Included when receiv•ble •nd the •rnunt be me•sureé rdl•bty by the Trust, which Is normal notifK•llohof th¢ interest payable by the bank. Did•n4$ ar• reo6nh•d 0 th• dlwd•nd has I d•dr•d and notlAcatknn reIVed of the dl¥klond du•. Thlsis nonnalty upon notlfftatknn by the respedl¥t In¥estmentmanaier5. All expenditure is included on an acuuals basis reco8llised when thért is a lesal or con5truclive obligation to pay, a1 the monetary value can be measured reliv. Al costs have been dire¢tlv attributed to one ol the futKtK)nal ote8ories of expenditure in the StatLymernt of Financial Artivlties Icosts of raising fund5 and char(atIe activities, inchjding support and ¢ovenMnce cost51. The Trust Is t reelstered for VAT and accordinlty experbditure 15 Shown gr05s ol 1rrecovernb VAT. auihorlsed to be pald durlng the acrouniln¥ year. the ieiplent h45 an Xpectatn of ie£Elpt. are provided for kn the finanGi•l $teMent
THÉ RWOAN TRUST NOTE5 TOTHE FhYPJ40ALSTATEMEPITS Ironlhwedl FOR YEAR EIIDED 30 SEPTEMBER 2023 A¢¢8 poli¢l•s {¢onthw•d) Inlments Investments are stated at Tharket value at the balance sheet date. The Statement of Financial Acifvltles includes net gatns and losses arising on re¥aluation5 at the year end and on disposals durin8 the year (proceeds less purtha5e tost il purchased in theyear tx rnarket value at the end of ihe previ5 yearl. Cash at bank and In hand includes tash and short term trAghly Ib]uid invè5trn¢nts with a malurity date ol three months cy less from the date of ¥qUI110n or openin8of the dep051t w slmilar xcounl. Fln#ndullns¢r4m¢nts The Trust only has finanuèl asstts and fknarKbal liabilitle5 ol a kh)d ih•i guallfy •5 b45iE fivanElal instruments. Basic financial instruments are Eritity reco8bllSed at tians•dlon vlut •nd 3ub>equently measured at theif settlemert value. FundAccoufitl All funds are held as vnrestficted funds ard can be used in aCrdance wlth t Lltttl¥es of the Trust. The lance1n unrestwicted lunds repentS the free reseryes cl the Trust. Taullon The Trustees are of ihe opinlon thai no Ilabllfty to tax arfses In year as all income and Baln5 are applled for thailtable puOSeS. Inv•5tm•nt InTrI 202Y 2021 Olyldends Interesi on dep)shd funds 107,133 6,822 94,834 116 113.955 94.950 Expendstyre 1023 2022 GranTs payable (Ntsie 61 Suppon c05ts I,Xl2,5l 1302,500 8,709 456,839 12,480 49 1.306,3(Al 4909 1?11,209 409,319 Support coms: Secretarlal fees Le6•1 fee5 Audit fees Adrnlrsi5trath)n expenses 2.655 2.655 5,331 1,194 4,771 1.183 4.909 1.145 1.145 8,709 12,480 All gowgrnano costs arE allo(¥ted dirert8ainst the sin8le charitable actbAty. io
THE RYVOAN TRUST NOTES TO THE FINANCIAL STATEMEIITS{tofvtknu¢dl FOR THE YEAR ENDED 30 SEPTÉfveEft 2023 Net1055es on Investmthtassets zozz Ileallsed Salns on dtsposal Unrealsed la$1(10$s¢5l on revaluation 2J.410 308,303 24.659 1815,4111 331,713 1790,7521 6 6ranis p•yabl• 2023 20ZZ Achbe¥e More Scotland Blke for Good Children I" Cos8rove Crew 2CO) Cyren¥•ns Cystic Flbrosis Ecolo8la Yoyth Irurt Edinb¥r8h Childr•n's Hosptta Charity Edinburlh Youni Carers Projert Fri¢nd5 01 Ashton Secondèryscfvod Glasg¢w childr.5 Hdiday Sthome Harmeny Educaiion Trust Home Link Famly pport Home.Start Gla4ow South Impact Scotland Islay & Jura Community Enier John kniih Centre LOthI Aullsiic Socletv s Centre MS Trerapy Cefftre Lothlan PLUS Forth Valley Pr•8nancy Counsellln8 and Care Ross County Foundation Rowan Afoa Scott15h Hurtlnitons Assttl¥ityi St Andrews Adq)tlon Socty Steppin8Stones For Famllles Steppin8Stones North Ethnbjr Super Powei A4ency SupportED The Brain Tumojr Ch11¥ Llrban Uprlskn8 Wellin6ton YMCA 5.OLKI 20.c1 12,6Ch) 20.) 1S,L 5.2 S,OLXJ Iso,c 15,C 45,CMXI 150,0(K) 45,C 15,( 4.039 io,c 1.302.SLMI 456.839 Ihe aw3rd to Impart Scotland was agreed during the year. The amount is available to be drawn down bv the tharity when reqtslred. As at the bala sheet Si1[ daté. the Trustees anticipated this to be done no earlr than 2026. li
THE RYVOAN TRUST 14OTES TOTHE FIP4ANCIAL STATEMEPITS Iconllmb•dl FOR THE VEAR ENOEO 30 SEPTEMBER 2023 7 TNsl••< remun•ratlon and xpÈrfes Trustees, who ¥e the key mana8ment rInl. received no remuneratlon In the yèar12022.. £nill. No expenses were relmbursed to Twstee5 duriwa the ar12022. £nill. In¥estri¢Ats 2022 Openlng Maet vaue Intrettt dlsF)sal prOd5 .682.574 9.823.326 14().(} 1350.0)01 8,282,574 9.473.326 R•allsed goin on dIsp1 Unreised1kn95esU8ains on revaluation 21410 308,303 24.659 1815,4111 (lon8 market value 8,614.287 .682,574 Lfjsied InNE5trnents •t EOSt a5at JO Semernbw 2023 4,078,429 4.263,344 The Twsi holds the folowin8 in¥utml hiEh exiee(15 516 of the PLYtfolM>s maikel ¥alue'. 102J 1022 Herlot Global Fftd 8.614.287 &682,574 Credityr& •mounts lalllni due wllhlrt ye•r 20ZJ 2022 Accruals lor irants payab Accruals 501.7( 5.05D 246.2Th) 5,046 Othercreditors 50&786 251,246 10 Credltyr& •mounts falllni due altor ¢)ne ye¥ 2023 2012 A(cru•ls lor ir•nts poyablE 984,(K 131.200 11 Contr In ihe opknIc of the Trustees tre is controllni party. 12 Related p*tytiaIadfofftS Therewere Tho related party tr•nsartlS duringthe year. 12