TRUSTEES REPORT AND FINANCIAL STATEPAENTS YEAR El￿ED 31 JULY 2024 TRADE RIGHT TRUST COMPANY INFORMATION TRUSTEES 141r R Musgrave {ChainThThfjreasw} Mr T Gregory Mrs D Greg(My Mrs H ￿lts￿ave Mrs Frv* COMPANY NUMBER CHARITY NUMBER REGISTERED OFFICE 27 Lyn8(kKh Indu5th* Est*8 (>eenci* Inverdyd8 PA15 4AX ACCOUNTANTS Suite 4 Gourcck PA19 1NA DEPENDENT EXAhlNER Michael H*ins CA Murray & Hendwson Suiie 4 32 Kemp•)￿ Street Gourod( PA19 1NA BANKERS Royal Bank of Scol¥KI 124 cal￿￿rt Street Greenctk PA15 18B TRADE RIGHTTRUST TNslees' Repxt Independent Examinerfs Repyt Slaterrent of F￿￿(ya1 ActThi1t￿S Slatemenl of FIn￿Gla1 ktivities- Cryar*￿ Y Balan￿ Sheet Notes to the Finanaal Stalerr*nts page 1 TRADE RIGFrr TRUST REPORT OF ThE TRUSTEES FOR THE YEAR ENDING 31 JULY 2024 STRUCTUAE. GOVERNANCE AND MANAGEMENT Trade Right Trust is a charitable company limited by guarantee as defined by the Companies Act 2006, incorporated on 27th August. 2011. The company was established by the Memorandum of Association which sets out the objects and powers of the charitable company and is governed under its Articles of Association. In the event ofthe company being v￿Und up members aTe required to contribute an amount not exceeding £10. Recruitment of trustees is undertaken byth8 personal recomm8ndation of an existingtrustee. Appointment is made through an election by trustees. OBJECTIVES AND ACTIVITIES To bring about the transforrn8tion of disadvantaged local communities by combating poverty and encouraging economic development through the practical OLJMorking of the Christian faith by meeting physical. emotional. relational and spiritual needs through the provision of aid. educ8tion. trade. training and advoc8Cy. ACHIEVEMENTS AND PERFORMANCE The charity was formally constituted and registered on 16 September 2009. In May 2013, the charity changed its name from missionNOW to Trade Right Trust ITRT)- During the course of the year. Trade ￿ght Twst has developed its charitable work in Scotland and Gh8na, through an integrated strategy of holistic development. Ghan8: Following the forrning ofthree Sh88 Butter cooperatiV8s ofwomen in Ihe Bul88 District ofth8 Upper East R8gion in 2015116. TRT has continued to support the cooperatives through trade introductions and trainin& TRT have continued to supplement the wage ofthe Country Director, Thompson Asiadi. Scotland: TRT has continued to M￿rk. manage and develop the actlvtties of Trade Rlglit Intemational Cic. Trade Right International Cic is a social enterprise based in Greenock which offers employability programmes for people from offending backgrounds. in recovery or have longtemi mental health challenges. Throughout the year TRT have continued to make the w￿rk of the ch8rity known. Flnanclal revlew BRIEF STATEMENT OF THE CHARIryS POUCY ON RESERVES The Charity's reseNes polry is to commrt restrthd arml noTr.rest￿ted reserves to seNKe provisi￿1. SURPLUSIIDEFICITI We had a defi¢il of £13031 in the finwKial year. TRADE RIGFrr TRUST page 2 Independent Examlner's Rèport to the Trustees of TRADE RIGHT TRUST Year ended 31 JULY 2024 I report lo the trustees on ry eX8￿natiOn of the finan¢pl St*en￿nts of TRADE RIGHT TRUST {Ihe charity,) for th8 year ended 31 Juty 2024. Re8pOnslbllltl￿ and ba8ls of rnport As the trustees of the company {aTrJ also its direct(xs ts the purkws of company law) you are responsible for the p￿parat￿ of the financial statements in acCOrdar￿ wth the requirements of the Charib'es and Tru$lee Investment {S¢otlandl Act 2005 ('the 2005 Ad). the Charities Accounts (ScotL4nd) Regulations 2LNJ6 (as amended} and the Companies Act 2006 I'the 20l￿ ACVI. You *e satsfied that the accounts of the company are not required by chanty or company law to te audrted and have chosen instead to have an irmjependent examinat￿. Having satisfied mysew Ihat the ￿COUnts of Ihe cotr4)any are ncl required to te audtted under Part 16 of the 20C6 kl and are digible for independenl eX￿l￿allon. I rep￿t in respect of my eXamInat￿)n of the chanty's accounts carried out under section 44{1)l¢l of t￿ 2005 Act In cary￿9 Out my ex¢¥nination I have folkxfed the requirements of Regulation 11 of the Charitss Accounts (Scotland) Regulations 2(rf)6 las ameThJed). After the year end, Ihe charity was dissofved on 9 Oecerthr 2025 due to the non-filng of its confirmation statement (see notes 1.2 and 1.111. This creates a material uncertainty that may cast doubt on the Charity's ability to continue as a going concern. The truslees have begun the adminislralrie restoratK)n process and expect the charity to be reinstated, and therefore the financial staten*nts have been prepared on a going concem basi8. Ind•pendent examlnorf8 $tat¢nw &nce the CW is ￿QUi￿d by ¢onyny lo weparo its ac¢ounls on an accruals basis and is registered as a charity in Scotland your examiner must be a rr*mtw of a boty listed in Regulat￿ 11{2) of the Charities Accounts IScotland} Regulations 2006 las amended}. I can confimi that l am qUalif￿d to undertake the examination because l am a registered member of ICAS wh￿h is one of the listed todies. I have completed my exanwnation. I confimi that rm) maltws have (f•rne to ry attenlion in Connect￿ with the examination giving me cause to believe: 1. xttwnting recnrds were not kept in respect of the chwty as required by Secti￿ 386 of the 2006 Art. section 44{1 Ma) of Ihe 2(K)5 Act and ReguL41￿ 4 of the 2(Th A￿OUnts Regulations.. or 2. the financial slatements do not accord with Ilw)se re￿rdS or with Ihe aceountirrfj requirements of Regulation 8 of the Charities Accounts {Scotsnd) ReguktM)ns 2fTh" or 3. the fmanual statements do not C￿ with the ￿0￿nts1V4 requiremenis ol seclion 396 of the 20tA A¢1 other than any requiremenl that the accounts g￿￿ a and ￿ vièw is not a matter ¢onsidered as part of an independent examination.. ¢y 4. the financial statements have rnt been prepared in accordance wth the meth¢xJs and princip16s of the Statement of Recommended Practi￿ for accounting and reporting by ¢harits'e$ apphcable to charities preparing their accounts in a￿or¢jance wth the FinarKial Repoiting Standard applicable in the UK and Repubh¢ of Ireland (FRS 102). I have no CL)r￿MS and have come *ross no otheT wrailers in Connect￿ with the exarrination to which attention should be drawn in this ￿port in order to enable a proper uThJerstar¥Jing of ihe accounts lo be rexhed. MICHAEL HARKINS C.A. Ind¢pendenl Examiner Suite 4 32 Kemp)ck Street Gourock Scotland PA19 1NA Kkll I 24 March. 2026 TRADE RIGHT TRUST page 3 STATEMENT OF FINANCIAL AcmvmES (INCLUDING INCOME & EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 JULY 2024 2024 Unr•stri¢t¢d Funds 2024 Restricted Fund8 2024 Total Fund8 Incomlng rgsour¢•8 from: Donations Grants 1,3C() 3.2*3 3,299 Totsl 1344 4,599 6,943 Expendltur• on: Charitsble A¢tivilies Management & Governan￿ Costs 2.180 4,586 6,786 480 Total 7.246 Not Income l {Expen8el {316) 13 {3031 Transfern b•lwoon fvnd$ Net movement In lunds 2.983 (3,2861 {303) R•conclllJtlon of fvn Funds brought forward Totsl funds carrl•d forward 7,041 TRADE RIGwf TRUST page 4 STATEMEwf OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2024 COMPARATIVE YEAR 2023 2023 Restrlcted Funds 2023 Total Fund8 Unrostrictsd Fund• Incomlng regouvces from: Donalion$ Grants 9.632 5,143 14,775 Total 9.632 8.442 Expendlture on: Charitable ACtWrt￿S Management & Govemance Costs Total 29.717 5,676 35.393 35.873 Net Income I IExpgn88) 120.565) 2,766 (17.799) Transférn boiw•en fund8 Not mov•ment In funds {20,5651 2.766 117,7991 Rocon¢lll•llon of fvnds Funds brought fonNard 2.130 25,143 Tolal funds carrf¢d foThYard TrADE RIGHT TRUST page 5 BALANCE SHEET FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Flxed Assets Motor Vehicle 8.247 Current 888•ts Debtors and Prepayments Cash at bank 2nd in hand 6,000 177 6.177 6,000 Current Llablllti Trade Creditors Accruals and other credittys Etferred Grants 1480) 6.423 {6.903) 3,124 14.084) Net current •S3ets 903 Net a88ets 7,041 The Funds of the CharKy". Unrestricted funds Restricted funds 5.431 2,448 4.896 Total funds of the charlty 7.041 For the year endirvJ 31 July 2024. ihe charity was enliued to exemplion from audit under seC￿n 477 of the Companies Act 2006 relating to small ccthpanies. Cryrectors. responsitrf'lities: The members have not required the c(Mrywny to obtain an audit of its fmancial siatenwts for the yeai in question in accordance wlh section 476.. The directors ackn(Mledge their respo￿bilItieS for ts)nWying TAryth the fequirements of Ihe Act with respect io accwntiThJ re￿rdS the preparation of financial statem￿. These finanaal ststements have been prepared li accordance with the provisw)ns appI￿able to Companies sutr4.ect to the small companies, regiryp. These financial statements were aFwived by the tM)ard of tr￿1¢6$ and authorBed for issue on 24 Mar¢h 2026, and we syned on behalf of the board by.. Signed.. Name.. Mr Trevor Grégory On behalf of the Trustees Approved by the Trustees on.. 24 March. 2026 Company Registration No. SC364650 TRADE RIGHT TRUST page 6 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accountlng Polkles Trade Right Trust is a ¢harilatle ¢cmnp￿Y limited by guarantee and has no share capital. The Registered Offtt is 27 Lyned¢xh IrKIu51rial Estste, GreenLxK PA15 4AX. A¢¢ountlng Conventlon The Financial Statements have been prepared in accordance wlth Accounting and Reporting by Charities." Statemenl of RecomnEnded Practice apPI￿able to chanties preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Repubk of I￿land (FRS1021 leffective 1 January 20201- Charities SORP IFRS1021, the Finanaal ReFMJrting Siandard applicable in the UK and Republic of Ireland IFRS102) and the Companies Act 20(￿. The FinarKial Slatements are prepared in sterfing. which is the fu￿tIOnal ujrrency of the tharity. Monetary amounts in these Financial Statements a￿ rourKled to the nearesl £. The Financial Statements have been prepared urrtler the historical cost cOn￿ntion. The principal acc￿nting policies are set oul below. 12 Golng Concern The trustees assess whether the ￿ of the goiNJ ¢oncem basi$ of accountng is appropriate, taking into account any Mater￿1 ￿n￿rtainty'eS related to events or condtbons that may cast significant doubt on the charitable company's ability to contsnue as a going corw. This aSsesSff￿nt covers a period of at least tsvelve months from the date of approval of these financial stalements. Subsequent to the year erKI, the charitable o)mpany was struck off the register and disso￿ed by Companies House December, 2025 following Ihe rKm-filing of its confimTrtKJn siatement As a result. the company has temporarity ceased lo e￿t. The Iru$lees have initiated the administrative restoration pr£￿sS atKI are in active communication with Companies House. It is the trustees. inteni#)n and exFectats'on that the charitable company will be restored, at which Foint it will be treated in law as though it had never been dissofved. Having considered the steps taken t￿￿￿8 restoralion. the expected outcome of that rKctess, and Ihe financial position of the char*able ccrfnpany. the tnjstees have conchjded that the ￿rnpanY has adequate resources to ontinue in Operatio￿ existence for the f￿8¥eeable fvture. k￿rdInglY, the financial statements have been p￿pared ￿ a going con¢em basis. However. the trustees acknowledge that the dissdutKJn ar￿ ongoing restoration proce53 represent a material uncertainty that may cast Sb3nificant ¢*yJbt on the charitable company's ability to continue as a going concern. The financial statements do not indude any adiuslments that woukl be reqUI￿d if the ¢haritable company were unable to ¢ontinue as a going cortem. Income Items of incon* a￿ recognised arKI indLKled in the accounts when all of the folkywiry crttefia are met.. The charitab￿ Company has enlitlement to the frjnds; Any perfOrMa￿e condrtions attached lo Ihe of have been met or are fully within the control of the Charitsble Company: There is sufficient certanty that receipt of the inc4xne is consKJered probable; and The amount can be measured reliably. Th8 sources of income are as follows: Grants t)onations TRADE RIGlff TRUST page 7 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Fund Accountlng Unrestricted funds are availab5e to SFend on actTriiiies that further ￿Y of the purposes of the ch￿table Company. Restricted funds are grants wh￿h the funder has SFecifie(l are to be solety used for particular areas of the Charitable cc￿panY'S work or for speaft propcts being urKlertaken by the Charitable Company. Exp•ndltur• Expenditure is recogni*J On￿ there is a Wl or 0)nstn￿tIVe 01￿￿allOn to ffrake a payment to a third paty. it is probable that settlement will be requred and Ihe aThwnt of the obligattr)n can be measured reliabty. Expenditure is clasgf*d undw Ihe followi￿ activty heading: Expenditure cffl charilable *rrf1t￿ indudes the (￿ts ol operatiw ceftt￿ facilii*s and the asswaled support costs. Delknrs Trade and other debtors are recL¥Jnised al the settlement an￿jfit due after any trade digcounl or waivers offered. Credltorn and Provlslons Credrtors and provisM)ns are reccgnised where the Charitable Company has a present obligation resulting from a past event that will FYobatAy result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliaw. Creditors and provisions are norn￿￿ recognised at their setUerrEnt amount after allowing for any trade discwnts d￿. Cash and C•$h Equlvalents Cash at bank and wi hand are ba￿ finanoal assets and indude cash in hand. deposits held at call with banks, other short-temi liquid Invest￿￿nts onginal maturilies of three months w less. and bank overdrafts. Bank overdrafts are shown withMI t￿)rr￿IngS in ￿￿ent liatmlities. Flnanclal In8lrumonts The Charitable Corr4)any has *¢ted to ap*y the prowwns of Section 11 '8asi¢ Finanaal Instruments, of FRS 102 to all of its finanual instruments. Basic FIn1v￿lalAs5ets Bastc fmancial assets, which indude debtors cash and bank balances, are initkilty ft￿a￿red at transaction price including transactbjn costs and are subsequenty carried at anM)rtised wst using the effective interest method unless the a￿angement constitutes a f￿ani￿g trdnsa¢tKJn, where the transaction is moasured at the present value of the fijture receipts disc(MJnted at a mwket rale of interest. Financial assets classif￿d as receNable wilhin one year are not an￿rtised. Financial assets. other than tlb)se held at la'r value through profit and loss, are assessed for indicators of impairment at e&h reportiro end d*e. Any in4)aimient h)ss is re¢ognised in the profil and loss account. Subseqvent reversals are reversed reLwnised in profit and loss but nol in ex￿$5 of the 8nTh)unt thal would have been detemiined had no impairn￿nt loss been recognised for the asset ￿ prior years. Classllkatlon of Flnan¢lal Liabilities Financial liabilities and equty in51rurrEnts are Classified according to the substance of the contractual arrangements entered into. kn equty instrumènt i% any eontwt that evidences a residual interest in the assets of the charity after deducting all of its liabilities. TRADE RIGHT TrU5T p4e8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR eNDED 31 JULY 2024 Bas1¢ Flnan¢lal Ll8blllNes 8asiG financial liabilities. inthdng Ixeditors. bank loans. loans from felkrw group companies and preferenc£ shares that are Classif￿ as debt. are initr.ally recOgn￿ed at transacth)n price unless the arrangemenl ¢￿Stil￿teS fman¢ing transaction, where th8 debt instrument is measured * the present value of the fLtture payments discounted at a market rale of Inte￿$t Financial kabilities classif*d as payable writhin one year are not arTh)rtised. Debt lnstrur￿ts are subsequenlty Carried at amrtised cosL usiw the effective interest rate meth¢yJ. Trade ￿￿dItorS are 01￿￿3ati￿s io pay ts g￿ts or ser¥i¢es that have been acquired w) the ordinary Gourse of business from suppliers. Armunts payaNe are classffied as current liabilities if payment is due within one year or less. If Th)1, they are wesented as nt￿lurrent liabiltlies. Tr￿je creditors are recogni58d inilialty at transaction price and subseouenlty ffeasured at amortised cost using the effectpie interest method. 1.10 Ernployment 8en¢fils The wsts of short-term employee benefits induding IHAthy pay are re¢ognised as a liability and an expense. 1.11 Ev•nts after th• r•porting After the year end, Trade Right Trust was str￿k off the register and dissolved by Companies House on 9th December, 2025 due lo the non-filing of its ccrfrnHlion statement. As a of the dissolution. the company has temporarity ceased to exist The trustee5 have since taken steps to r8St(Tr the coTrpany to the wister through the ajminislrative restoration process and are in a¢tive ¢ommuni¢ab'on with Corry>anie$ House. 11 1$ the trustees. intention and expectation that the Gornpany will be Rslored, at which point it will be treated in law as though it had never been dtssofved. These financial statew*nts have therefore been wepared on the basis that restoralicm will be successful. No adjustments have been made to the financial Stalen￿nts of the dissolution, as il is considered a non-adjusb'ng post-balance sheet event TRADE RIGHT TRUST 3e9 DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2024 2023 INCOME rJonalK)ns Grant Income 14.775 18.074 EXPENDrruRE Client SupFQrt Ghana Wages Trade Right Int8mation* dMations Van InsurarKe Independent Examiners Fee Bank Charges Depreuation Bad debts written off (5.047} {629) (1287 (1.9551 1220} 1480 15) (3299) 1220) 1480) {6) (3,299) 26,192 7.246 8urplusl(D¢fi¢lt) fory¢ar 17.799 This page does not fom part of the finawl stsler￿ts.