Blcickaddei-s WALTER CRAIG CHARITABLE TRUST Account lor the year to 30 June 2024. Seottlsh Charlty No. SC041311 10 Euclid Crescent Dundee DOI IAG Tel.. 01382 229222 0184è1-0001
THE WALTER Walter M(yr15 Craiq Ir Criig dleLI ?5 hA8rch 2009 and in hiswill Itfl Ihtr r•sidue of hi5 esi8te to a Charite Trust whiEh W45 ostablishod bv his Executors In a Deed dated 15 F8bnJarv 201D. At the TTUItEe8' d15crvl Indudin4 not lirTrled to the reliel of poverty, asilstJn¢e to the handlczppB¢J and Ili¢ the IVanLeIent of educallon, including rcacorch, suppwt Gf the SUPPDri el pub15c mus£urns and galleTle5 and a bTo8d struM ol $ubl¢d$ ol sttsdy, the dVanc8tnent DI religlan and the Pr(0110 and supporting of hEallhcEle, piovlsion and TnJinten#nc8 DI pU1le arnenilies, the PTOtectlon And tart of th• nK•turAI envSfonment and rllef of hurn sullerlnq or thBITe55 01 the rg•ithDls of th& T$[d r•• 46 delin•d 41 Arqus, [nde8, Perth and Kln105y and Fil•. TO be aPFdhd il the dlscretion ol rhe Trusteva. To bg •pI•d rt thè dl$¢r•tion ct the Trustee&. Very Y4lde llt th• dli¢r•ibn al the Tru4teeA. SC041311 8ink of SEutlJnd New ifft)wriar Ploui• E•A Gr•¥ 5tr••i Edinburyh EH3 QBN ch1hdo Hou 78-84 8•ll Str4#1 Dundeo DOI IRQ 8lJckJdders We3lih Manffjornent LLP 10 Euclid CIEs¢ent rxjndee DDI IAG BlockBdd?fv LLP ID Euclld Clent Dunde• DDI IAG Page 2
L•9A & Admlnlth4tiv• ArrIng•mts The TruEte&5 presont th81r report •nd Aecount$ for the year to 30 June 2024. ThiA rBprsrt 1$ PTepared In accordance With the Trust Deed of the charity and the recomtnenda.iws ol the Statent of Recommended Praclico and Accounllno and Reporting bv Ch8rllies and cotnplie5 With applicabl• law. The Chailfv Is 8n thlncorForat8d aSSDclallon. The Truitees lor the pericxl ol this actyjnt sub5Ewently are as stated on page 2. The Trusrees weie 8ppulnted a& a eOll5equence ol the Tlust Deed Thwe ara no reslrlctions on the w4y the tld¥ may op8r8t8, sav• thst the Trustaes rnu5t irnplement the oblectlves of th• TIu8L No trustees r•c•iv•d any raTungrAtion or expenses durlng th• porltxl of this Jccount The Tru8te&s consider the Bo•rd ol Trustees to cornprlge the key personnel of th• charity In ch•rge of dlrecll and controllino the charitv on ¥ davto div bas15. Apthntm•nt ol TM¥t• Tru$lee$ are nomiriyittd by lh• then exlstlng Tru$io95 ind Ih•lr 4ppolntm8nt conllrrnod by 4 formal Oeed ol Assumptlon. The TruBteeJ hava con¥ldered a pollcy on TrUtt Inductions and Iralnlng prior to new TIustVVs belng appToache(J. Tlili Y4111 Include &warBness 01 • Trustett'¥ r¥&wi¥lbllSlles, Ihu guvettiln9 dorufflent, 4drnln15tr•llve piocedures, the hlstery 8nd phllosophicsl 8kyroach of thè charity. A new tru61 would r8c•ive cop1•6 01 the previcu5 yeir'$ 4ccounis, rninutos ol tha Trvstees. m••rings and 8 copy of the OSCR le•flÈt 'Guldance lor Charrty Trustees acllnq wilh e8re antj dlllgence., If 4ppropflBte. Tralninq Is oltered to current Trustees as and when requlred. Orq•nl¥•tl•n Thts Tru8r l& admlnlsterod under the supervlilon ot th• TruJteeB who rneet regularly. The TFuita•i Agree Ihe bioad Jiratesy and •r¢o¥ DI 4ctlvSty for the Trust, includlng coTrslder•tith ol grjnt Tn4king1 inveslTTvJnl Teberv#5 and risk In•n¥¥erTh)nt pollcies and p•rforrn•n¢v and fecelv• r?pur13 Iicrn the SIcitor$ in conneclion wlth the recent 8etivllles ol th8 Trull, Day 10 d4V The Trustees hllve as5e5sed the m8lor risks to which the charily is ekp05ed. in porticuler ih05• r818ted tu the operalian5 and fin8nces ol the Trust. Apgrt trorn sustainftd downw8rd stock m8rkei moverynt$, th• Trustee¥ dD not believe Ihai there are •ny rn8joF Financial ilAk8 to which th• Tru5t15 •xposed. Th& gtock markol rlsk is mltlolied by r•tHlning oxpert Inwoslm•nE IA•ngq•r$ Ind havlng 4 dlverslllgd Inv•$tTn•ni portlollo. The TNstèè8 arè kèpt up to date by tha Investment reosfdino the value ol the Investment Portfolio •nd th• ws5ib eflect on future Incom?. The Tru5lee¥ Ire confident that thelr medium to long term Investment stratagy wlll prove ApprrJprlAte OV81 the cornlng year& onn•ct•d 8odl•i There ure no bodies tomect•d tp the TNSI. The ob eclives of tho Trust •re to astslst th¢tse bgneficiarie¥ •9 dolailed on page 2 by th• payrnent of grants, ywsion of servicej or e4uipment and by 4sslstlng oiganlsatians With sirnilar objectlves. Str•t•9V The Tru6tfP5 he pvrwed thplr 5tratoyy of moking don&tlons to lorolly bosod charitles Bnd in(vicknals lo #n extEnt which 8bsorb3 as ne8rly •s S waciitable the whole incorning resources gnd continued theii practice ol receiving an¢ con5ideilng rèports frDm the Inve¥tment M8n8ger$ on the position of the Twst'5 Portfolio ot investmonts. A¢hl•vernertB and Performanc• The Trust's assets generated investment income In the period arnountlng to £76,Q43.17 12023 - £102,672.82). The Tru5tqes made or cornrnilted to pay grants amountlng to £58,750.OQ 12023_ £70,850.00). The overall value ol unrestrlcted lund$ at 30 2024 was £3,396.414.57 12023 - £3.079,000 201. Fulw• Str•t•gy No ch*Trg8g are at presènt envisaged in the Trust's wlicies os outlined 8lx>ve. PJ8e 3
WALTER CRPIG CHAftITAeLE Rq Ort of th• rto O JUM2 The fe5uItG are shown in the 81t8ched StstemeTht af Financia1 Activities 8nd ne Sheet The odvice of 8IAekèdders W&8lth Managernenl, Dund88 h4s boan tBken throughout the year on Investments. 1¢ w8$ noted that the valup ol inv8strneDt5 Was £3,216,73212023- £3,032.2651. There w05 4 dgficlt of E45,139 58 lor the year before Investment rnovmwts12023 - d•flcit £14,128.14). The CharlV5 Accounts are Set out $0 as to cornrAy 1h the Acc¢xntlng an¢J Reportlw by Charltleg 50RP FRS 102 ellectiwe I Janu8ry 2019. Fundin¥ The main source of funding in thi8 aCttIng p•rlod c4me from dividends and inttrrèst en Inv•srm•nt$ hdd. Ourlng the yoor, A J 8ell NomlTrees Lrd wd5 iespcn51ble for custody ot stock gnd to p1ovld• cdl•ction and othor rSCO8. eiackaddtrn W•alth IA•n•q•m•nt LLP y¢wdo #dyiee and portlalio rn4n•goment wMceB. Or•nt M•kln¥ PollEY The Trust rOe•iV•6 apF4Ic•tlon6 lor IsslBlle•. Th•s• •f• ton8ldeFod by th• Trujtees •nd, il th¢yJqht iuitbtle. gf•ntA ar• Rw•rv•i Pdl¢y The r9Kwvg$ Of the Trust rilglnate frorn lh8 g5tatP DI tlate Waltgr Cr41g together wlth the growth in the value of inve8trnent& Thw Tru4t havo adopt•d 4 r•E•rv•$ policy th•1 An$ur•$ Ihg conllnuing Ability tsl th• Tru$1 10 moet it$ obl@r.tiv•& C.ApitAI And Revenu• boljnceg are retalhed prlm•rlly to rn•rf •ignitic4nt r•gU•itB lor finDnc14148Elit•nc• anLI itock mirk•t rlik8. d•p•nd•nt Ex•mln•M The indePeIent •xamin?rs •ppolDiad lor the curient and lollowing yq4r8 8r• MMG Ch4rt•rgd A¢¢ountint•, Dundo•. So for li •xh TFu&t2e1s concerned ther• 1% IK idev•nl inlorffiatiL ol v4hich th• Ind•pvndvnt examiners are unaware. Each Trustee hai t•ken th8 4ppropri41e Steps 56 s Trustee to m•ke ihemselves •w8re 01 Such Inloimalion •rKI lo e•l8blish th* indoptrndeni •knmln8rJ br• aware ol It. Pa84 4
Juno 20 i#•$ nsi tI•B Law applicable to charlli85 in Scot18nd requires the frustèes to prepare an annual rep)rt and accounts lor each flnanclal ygar which giv6 a true and fair vlew of the charity's flnanci81 activities during the year and ot its linBncial position et the end ol the ye8r. The Trustees are respons1te loi preparing Ihe annual report and Ihe lin8nc181 st8temènts In accordance with 8pplic8ble Law Unlted Kingdom Gener811y Accepted Aecounting Practice IUK GAAPX Irs prep8ring &CCOUnts, givin9 0 true and falr view. the Trustees should follow best pi8ctice and.. $elect suitablè 8ccounring policie5 and then apply them consi$tenily, observe thè methods Bn(J pnnciples in the Charity SORP,. m&ke judgements and •$timat*s that are re8sonab18 and prudent st8te whether applicabl8 zccoiJntSng standards and stAt8m@nts of r•¢omm•ndèd praetice have beon folwOd, iubiect lo 8ny dopartures disclosod and explain&d in the accounts,. 4nd prgpare the 8cctyJnts on th8 golng canGem bJ615 Un$6 it Is inapproprlate to pre8Urn• th•t the charity will continue in operation. The Trust8e$ are responslble tor keeping accwntln9 records which disc105e with reasonable accur8CV the financial position of thB rbarlty and whlch enable them to ensure that the accounts cornply with the Charitlas and Trustee Investment (Scotland) Act 2005 and the Chlritiès A¢¢gunt5 (Scotlondl Re9ula(ions 2006 (os ameridedl. They ate also r•spOnsIb for 58t8gu8rdino the asset6 Ot the ch8ritY 8nd hence for taking r88sonable 8teps for the prevention and detection of fraud and other irro9ulgrifi•s. roved b Ihv. Page 5
HAR I report on the 8ccovnts of Th¢ Wolter Cra19 Charltablo Tru6t tor thg year ènded 30 Juno 2024 set out on pag95 7 10 12. Thi5 report is made solely to the trustees. 81 8 body, in accord8nce wlth my terms of engagement. My work has been undertaken to enable me to rèport my opinion set our below and lor no r)ther purpose. To ttre lull8St extent permitted by lèw, I do not accept or 8ssurne responslblllty to anyonè orh8r Ihan the trustees, 85 body. for my work clr for this repgrt. R*petlva r•iponslbllitlw ot Trust••s •nd ind•p•nd•Tht examin•r The Trustees 818 responsible lor the pr&p8r8tlon ol the account$ in accordance with the term5 01 the Ch8riiies ond Trustee Inve5trnent (Scotlandl Act 2005 and the Ch8ritie5 Accounts IScotl8ndl Regulations 2006 (as amended). The frusiees consider that the 8udlt reqUireent of Regul8tion iol1l{ao(c) of the 2006 Accounts ReqU1at15 doe5 not apFAy. It Is my r8spon8ihllity to eKaminp the accounts as required und2r seeiion 44(IXc) ol the Act and to $tate whethor particular mottors heve como to rny èttèntian. B•¥l¥ DI Ind•p•nd•nt •x•rnln•r'• Bt•t•m•nt y •xamin)tion is corried out in accordance with Requlotion 11 ot the 2006 Ac¢ount$ Regulotion$. An oxomlnatl Includes a r•vlew ot rhe a¢countlng records kepl ty Iht rli8rllV 8rd a comparkson ol Ihe acccunls pre5enled with those r8cords. IL 9150 Inclu¢ÈS ¢onsi¢er8tiun of any uiiusu81 iietns VT Lllsilusuie& IIT tlie dLiuuiIL> oiid Jvvk> VAyl•ii¥Lluii> frulii tl Trusiees concerning 8ny such m9tt¢rs. I h• piocedures tyn¢ertaken do not provioe 811 the evldence that WOU be required in an 8udlt, gnd consequently I do not express 8n audit opinion on the wew 9Sven by th• account8, Ind•p•nd•nt •ximlrh•r'i stsl•m•nt In the course of rny exgmirotlon, no matter his com to rny attention.. which gives rne re8sonable cause to believe that in any motèiial respect the requirements.. to keÈp &rrounting records in ac¢ordatKe with Section 4411)(a) )1 the 2005 Act and Requlation 4 of the 2006 Accoonts R•oulation$, and to prephrg 8ecounts whlch 8ccord with th• accountSng records and comply with keouk4tion 8 of the 2006 Accounts Rgqulations, have nor been met, or n whiph in rny atl•ntlnn $thIj b@ drawn in order to enakje 4 proper understanding ol accounls to be reached. Dute.. 1810312025 Ch6FE15hod¥ Hvus 78- 84 Bell Street Dun¢Jee DDI IRQ Pa8e 6
arto30J 9202 Unre5trlcted Funds Total Unrestricted Funds Total Note Incom• Ir¢m: Investrnent Income 76,043.17 102,672.83 Totsl Iorn• Exp•nditur• on Charit8ble Activitles Rai5in9 Funds IOT,854.00 19.327.75 97,514.00 19.286.97 Tot EXp•ndUr• N•t •xp•ndltur• b•fof• gilni ind In Ihll•ltm•nti (£ 46,138,581 1 14,128.14) N•t lfi$l[L*ll•l) on Inv••im•nts (Loss) on r8alisation of inveslmant a$s•t$ Net increase in unrealised appreciation ol investment 8ssets If 72,844.04) £ 435,396.99 47.309.70 N•t Mov•m•nt lfi Fynd• 317,414.37 33,181.56 R•tonGlllJtlon of Fund¥ Tot&1 Funds brought lorward £ 3.079,000.20 £ 3,045,818.64 Tot81 Funds c8rried lorw•rd £ 3,396,414.S7 £ 3,079,000 20 All activltle5 relate to contlnulng opefatlons. The notes on pages 9 to12 lorm part of these accounts. Page 7
CH t Jt 30th JJn• 2 UnrBStricted Funds Total Unrestricted Funds Totsl Note Flx•d AN•ts InvestmentE £ 3,216,732.ao £ 3.033.265.00 Curr•nt AM•ti Blackadders LLP Cllent Ledger AJ Bell Nwine8s Ltd 660.00 6B,601.01 t 210,786.39 £ 210,786.39 69.161.01 C¥rr•nt Llablltl• Credltors.. Amounrs falllnq due wlthln one year Sundry Cr8dltOfS 31,103.82 23,425.81 N•t cu•Tht •i¥•ts 179 682.57 45.736.20 Totsl N•t A•s•t• £ 3.396,414.57 E 3,079,000.20 Th• Fundi ol th• Chirlty Unr•strlct•d Fund• £ 3,39b.414.FJ7 £ 3,079,000.20 ..tp.pE And r'onrrf thpl. hph.Ilf hy Dal•. PaEe 8
ot•1 to th• Aceounts L A¢¢ouThtiw po4¢1•8 The lollowing accountlng pollcie8 have ban applled In <Jealhq wirh Iterns whlch are consldered material In rdalion lo Ihe Trust's accounrs. 8•114 ol Prwrntlo The accoun15 are prepared under the historical cost conventlon modifled by the revaluallon ol v8strn•ntg 4Thd Includg the resuks ol th2 charitys opgratiang a$ Indicatod tho Ilnancial repKbrt, dl ol v4hich 4r• continuin The •ccounts have been prepared In occord8nce with applicabl8 accDUntin9 5tBnd8rd5 dnd the Sl4temenl ot Recomrnended Practice Accounting and Reooriino by Chaflties. preparing Ihelr account5 in accordan¢8 wilh the fi3ntial Rp.porting Sid3rd aDpIic8ble in the UK and Republle of Ireland IFRS 1021 eflecrive l J4nuAry ?019 Ind cornply wilh the Charities 8nd TFu$t80 InvestmBnr Iscollnndl Act 2005 and thA Charitiès Aeeouni8 Istotl4ndl RoguIAlitsn5 2DOé I&s Améndèdl. rhe tru51 cw$tilUt•s i publlc benetir enrity as dellned by FRS IQ2. The accounts aTe prepared in sterliTh), which is the function81 Currency of the charlty. Th• Tru6re8 Con$a•r that there are no rnateri4 unc•rl8inii8s ai¥)ut the Chaty,1 Jblllty lo continu• as a going concern. In¢•m• IneorDe eompfites income trom inveslmènti •nd d8po$lt$ Itded In thF Sratgrnenl ct Fin•n¢lal ktlvltie$150FA) In the year in which recqlvl•. Exp•thdiwr• •nd Irr0¥•fI• VAT All expenditure Is Includeo on 8n •ccruEls ba51s llnd is fecoqn15ed when th•r• IB le9al obligation to pby lttr exp•nditur& Irrecover8Nè VAI Is charged pgiin5t the c•togory ol expendiiuie toi whSch it is incurTed. Charllable aclivitlas Include aKpendiiur8 8860ciat8d wlth granl moklng. Governonc co$t& Include those Incurrod in the 9DvernBnco ol th• ¢h•riiy end Ir6 •B$•tÉ Ind are primarity 08socloted vlith ¢anitltution¥l vnd slalutory requirernents. Support costs includ• conlrAI lunciion£ 4nd hav• b••n alkJcatqd on 8 bAsls con6151ent wlth tha uio of rosDurGqs. Thp colt ol rnin4ying Invo$trnent$ Is eh4rqod •9aln51 inyesirnenl capital, roflocling the tor•1 rolurn Dpproqrh lo Inveatrnant m#na9•rn•nt. Any ¢oits a5SVClQtod with the or pur¢h•4e ol Inve•tm•nt lit brcounted for Bs parl ol th• s• •r Durchu8• orieo ot th• investrr¢nts, In¥trn•t Pdky Inveslrnent¥ ale Included ttl liir ¥aluo. Re&lise41 gEins and losses, rèwe5entin9 ihe difference between sale PToceed5 on¢J Unreali5ed gèlns ènd losses, lèpien1hry the movemeni In Ihe lair vèkne of Inve5tment5 ov•r the Iln•ncl81 year, or Irom the date ol purchase11 ocqulred during the Ilnanelal yeai, are shcwn In note 5. In the case ol a peirnanent dlrnlnuiion In th• vAluè ol Invg4trngnt¥, kYOVl8ion Is mad• In thè SOFA to redu¢e the ¢•rrylng value ol the recover&bl• amount. Grenls comprise tthie Paid th¥ •¢counting p•fits4 and when applicJble ificde 9rwts p•yle In fuiure periods Y4her8 th@r• exi¥1s • l¢q•l ot4ig8iion to makv such payrnents. Wilh the 8dopiion of the SORP, all Incomq Hnd expenditure 16 de•li with through thD StHtement ol Financl81 ActlvltlBs. luNdi 4r• now claE5rf1ed 85 either rostricted or unie5trictod. lunds held by the trust are unr#slrietod •nd èr• JV•llJe for u49 4t tho discrètion d th8 TfuBtBes In furtherance of the geneiBI bims tyl th? ¢h¥rity. Pa6e 9
THE WAtTESI TR Accoufitlng ltontd) Tton The Watter Cralg Charltable TEt 15 rteegnlsed 8s 8 chailty for the PUTpose5 of appliGatk taxation leglsl•tlon an¢1 is Thot, Ihorelore, subject to t8Xètion lis charltable aGtlvltlBs. Th• ch8rlty 15 not reg15tered foi VAT and rf&Durcf& expended Iberelcre IncludE iFrecove18ble IDQUI VAT. D•btoii TrHde dnd olhET deblors are receqnised at the Settrnent 8mouni due. Prepèyments are valued 81 the amount piephid lh Ot bank and In h•Dd C4sh 4t baiik and in hand inEludes cash ond cash held in a dvpooit or iimllir accot. Cr•dll•ri nd wavllcdni CredltOTG and prtsviSion$ are reeogni5•d whorè thÈ chèrlty h8É a pr•sgnt okAigation r95uliing from 8 past 8v8nr th•t will plooably r•suli in the trJn6101 ol lund8 to 4 third party and èmounl duè to &8ttlè the obligation can be moA$urad Of è8llm•ted rellably. Ciediiors and proviiian$ are norw411v Tgcognls•d it their settlernent awount alt•f gllowinq for Any trade &scounl Th chgrily only financial ai¥rf4 •nd IlnAncial li&bllltie$ Cf ll klnd thwt qilallly ai b9¥1¢ linanclal instrurnents. fln4ncI Instrumenis or• IDltl41ty Tecogni8ed at trinaatllrmi v•lu• •nd &uboe4uently m•asur•d It Ih•lr $8ttlemènt value. Crlll¢41 ••llm•••• And1d9•m•ts In thft applir.Hlion ol iho chAfity'$ accountln9 pollclqs, th• Iruste86 •re requlrEd fo make lud¢éfnènt$. esiim•i•s and 888umptlDns obout the corryiD¢ amount DI 8$UtB And liabllities th1 or8 noi r88dily 8pparent Irom oth•r sour¢¢s Th• •5tim3ie$ •nd 8•IOC18teiJ Bssumplions llre baaed en hialoric•l •xp•rience Ind tsthèr l•etorn thii ira coniid•r•d 10 b• rOv•nt. Actual rgiulls miy dlflet liem ih•A• •ltlrnales. Tho 06timHI•s and undèllyinq assumptions ar• r•vis•d on onooing basi%. Fl@Vislons tD the Accountlhg e5fiTnaies 8ro i•togniÉ•d in th• pericd in which tho oÈtim•l• 19 roviBed wh•r• the l&vi%ion 4llaelg on that p•riod. Dr in th• p•rlod ol Il• rBvislorn and Ivlvre oeliods where the r•visien ill•¢t¥ both th• current JDd future pervdi. In pr¢p•ilng Ih8B• gccouni¥, Ihe trustees havfi rnud• IhE lallobvlng lud9rmvnl5.' Depr?¢litlon TapgitrAe lix•d 45s•ts •r• d•pr•¢l•l•d ovqr a p•rlod to relleet th•lF #stimatad 5•11 lif•. The Bpplicobility of 155umed liv•$ 1$ f¢viowèd annuilty, iiklng Into K¢ouni lactOTS such ai physic41 condi11), m8ini•n•nco Db501•sconc•_ Accruals Acciuils llre Ipphed at the yeqr end b•s•¢ up¢n Iinancial c0518 incuired posi yew end ynd the expeiiEncÈ ¢f the tTUStets. P48e 10
Ch•rltabl• A¢tl¥llè& The charity did not undertake any activity directly but met its charitable purposes by tnaking Grants. Giants for Trust purpDse5 included in the accounts to 30 June 2024 were as fgllow$'. 6thl8th Dundee Boys Prigade Aberlour (ACCT Hlol Artjroath & Monlrose District Scout Council Aero Space Scientific Educational Trust IASSETI British WirEles$ lor the Blirnd Central Bèptlst Church CSrrle Scotland CIC Corbenlc Camphill Communityi Dunkeld Cruse Bereavement Care lor work In Tayslde Design Dundee Ltd Lhjndee Age Concern Dundee Heritaqe -rust Dundee Se8 Cadets Dundee Youth Music Theatr• Faith In Cornmunily, Dundee Ile Young C8rers Frx the Love of 8 Child Front Loun08 Limlied Girlguiding Blalrgnwrig & RJttrav GrAmpian Soeloty for tha Bllnd for work in Dundee Grey Lodge Spttlement, Dundee Hesrinq Oog6 loi the Deaf Hot Chocolate Trust. Chjndee Kinross6hir8 Youth Ent8rpi5$4 •xwell Cornmunlty C•ntr• Mid-Lin Dtty Cgre. Duhdeg Natiun¥l Youth Choir ol Scotland for Dundee paiticipènts Perth Fe6tiv41 ot the Arls for concerts and WOfkshop$ Rornake Scotl8nd Ritual Abuse Nerwork Scotlsnd, Dvnd•• Royil Air Fortè Benavol¢nt Fund Royil Volunijry Service S¢otti$h Charity Air Ambulance Scott15h Mountain Rescue Scott15h Young Muslcl£ns for v40rk in Dundèè Seam&b Shelter Scotland SSAFA ThJnde* The Fgod Train, Dundg Torn Wilkinson Touiette5 Scotland Unicorn Preservatlon Society, Dundee Wlllow lor work in Thdee MS Therapy Centrè (Tayslde) Ltd Other$ - £l,QOQ and less 2,000 00 2,250.00 3,000.00 2,000.00 2,000.00 2,000 00 500.00 1,000 00 2.000.00 6,000.00 2,000.QO 2,OOQ.00 2,000.00 4,000,00 2,000.00 2,000.00 I.000.DD 10,000.00 2,000.00 1,500.OQ 2,000.00 2,000.UU s,000.nn 1,200.00 2,000.00 2,000.00 I,000,00 2,oon 00 2.000.00 I,ann.no 1,000.00 2,000.00 2,000.00 2.500.00 1,000.00 2,000.00 1,000.00 I,000.ou 2,000.00 5,000.00 3,000.00 2,000,00 2,500.00 I,000.oa I,000.oo 3,000.00 2,000.00 1,500.00 I,uoo.00 1,500.00 1,000.00 1,500.00 500.00 2,000.00 1,600.00 1,250.00 14,000.00) 16.300.00 58,750.00 43,104.00 70,850.00 26,604.00 Add.. Support Cosig per nt>i• 4 101,854.00 97,514.00 P48e 11
024 3. C051 of Ralslng Funds Investlnent Managetnent Costs 19,327.7S 19,286.97 4. Support C¢)sts Ind9perKlent Examiners remuneration hAon$gomant Costs 1,5n.00 41,532.00 43,104.00 1,530.00 25,134.00 20,064.00 5. lThv•¥tm•nl• F8ir Value at 30.06.2023 Additlons at cost 3,033,265.00 2,393,395.80 5,420,é60.80 E 12,645,325.79) 2,781,335.01 435,396.99 3.216,732.00 2,985.887.00 6830 2,985,955.30 Less.. DiBPOSBls 8t csrrylng vAlue 2,985,955.30 47.309.70 Unr8ali5ed Gain on Revaluation F8ir Value 8t 30 06.2024 3,033.265.00 All investment¥ held •re UK listed securit188 Iw••lm•nts r•prtt•Thtlw mor• than 5% of porlfollo Market Valve Market V81uè Alli8nc• Tru6t IT PIC Ord 2.5p Henderson Intornotion81 Income Tru8t PLC Ord Ip Law Debs Corp PIC IT Ord 5p Murray Income Trust Ord 25p 88illie Gifford PacifSc 8 N8v Ac¢ units 8lackrock Coniinental Euro D Income unit5 Fundsmlth Equity Funa l Acc unlts Henderson Glob81 Care Growth I Inc unit$ JP Morgan American Investment Trust old 5p shares JP AAor98n Global Growth & Incon ord 5p shares Polar Capit81 Tochnology ord 25p shares Royal London Sustainable Leader5 C Inc unlts 287.038 rjo 165,227.00 221,183.DO 192,867.DO 184,569.00 169,253,00 185.148.00 2Q7,795.00 175.aofi.00 225.777.00 206,434.00 198.842.00 103.320.00 Sundry Cr•dlt< Don#tlonJk; The University of Dundee- linol onnual poyment of £15,000 Others Oue to P4gents 15.000.00 31,103.82 31.103.82 8,425.81 23,425.81 7. TNstees Remun•ratlon & R•l4t•d P4rty TraM•ctlonÈ No Trustee received remuneration or expenses trorn the Charlty durlng the year (2023 - NII). Thè Charity has no employaès. Blackadders Trustees Ltd is a company wholly oWd by the Partners Of 818ckadders LLP and 818ck8dders Wealth Manogerpent LLP who 8Ct a5 agent5 Bnd investment m8nager6 respectively lor the Trustees. Blackadders LLP rec8ived £33,280 (2023 - É20.1401 plus VAT for m8nagement setvices and Blackadders Wealth Njanagamènt LLP received f15.870.46 12023 - f16.007.471 plijs VAT for investment m3nag8rnent services. Page 12