Scottish Charity No. SCO41545
THE LUSCOMBE BENEFACTION 2010
BISHOP’S HOUSE, 5 BALLUMBIE VIEW, DUNDEE, DD4 ONQ
RECEIPTS & PAYMENTS ACCOUNTS FOR THE YEAR ENDED
31 JULY 2025
THE LUSCOMBE BENEFACTION 2010
TRUSTEES ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025
REFERENCE AND ADMINISTRATION INFORMATION
CHARITY NAME THE LUSCOMBE BENEFACTION 2010
CHARITY REGISTRATION NUMBER SC041545
CONTACT ADDRESS BISHOP’S HOUSE 5 BALLUMBIE VIEW DUNDEE DD4 ONQ
CHARITY TRUSTEES
RT REVD A SWIFT (BISHOP OF BRECHIN) APPOINTED 7/1/25 VERY REVD K GIBSON (DEAN OF DIOCESE OF BRECHIN) APPOINTED 7/1/25 MR. R MAIN (TREASURER, DIOCESE OF BRECHIN) APPOINTED 7/1/25 MR. J JACOBS (SECRETARY, DIOCESE OF BRECHIN) APPOINTED T//25 MR. A.H. CRUICKSHANK RESIGNED 7/1/25 MRS. J.W. SUTHERLAND RESIGNED 7/1/25 DR. G.D. ADAMSON RESIGNED 7/1/25
INDEPENDENT EXAMINERS
BK PLUS 144 NETHERGATE, DUNDEE DD1 4EB
THE LUSCOMBE BENEFACTION 2010
TRUSTEES ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2025
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For payment of the whole or such part of the free income and the whole or such part of the capital of the Trust Estate as the Trustees may from time to time consider desirable for charitable purposes to such individuals, charitable institutions, societies, foundations or funds within the Diocese of Brechin in the Scottish Episcopal Church as the Trustees may in their absolute discretion select and without prejudice to the discretion of the Trustees (a) for the purpose of providing finance for restoring or altering or maintaining or repairing or renewing or equipping or promoting the use of any church or associated buildings within the said Diocese (b) for providing financial assistance to clergy within the said Diocese provided always that there is no other fund from which assistance could be sought or is immediately available
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The Trustees have received two instalments of income from the Scottish Episcopal Church Unit Trust Pool — in August 2024 and February 2025. The market value of the UTP holding rose during the year.
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There was one administrative expense during the year - £100 — for the independent examination of the Report and Accounts.
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Nil charitable grants were made during the year —
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2025 2024
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St. Salvador’s Episcopal Church, Dundee Nil 15,000 St. Mary Magdalene’s Episcopal Church, Dundee Nil 5,000 St. Drostan’s Episcopal Church and Retreat Centre, Tarfside Nil 566 20,566
THE LUSCOMBE BENEFACTION 2010
TRUSTEES ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2025
STATEMENT OF TRUSTEES RESPONSIBILITIES:
Charity Law requires the Trustees to prepare financial statements for each financial year which showa fair and true view of the state of affairs for the charity and its financial activities for that period. In preparing those financial statements the Trustees are required to;
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Select suitable accounting policies that and then apply them consistently,
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Make judgmental estimates that are reasonable and prudent,
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements, AND
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Prepare the financial statements on the ongoing concern basis unless it is inappropriate to presume that it will continue in operational existence.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial statements comply with the Charities Accounts (Scotland) Regulations 2016 and any subsequent legislation. They are also responsible for safeguarding the assets and hence taking reasonable steps for the prevention of fraud and other irregularities.
On behalf of the Trustees
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MR R MAIN
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DATE
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Independent Examiner’s Report to the Trustees of Luscombe Benefaction 2010 Scottish Charity SCO41545
I report on the accounts of the Charity for the year ended 31“ July 2025 which are set out on the accompanying pages.
Respective responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1)(d) of the Account Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention. Basis of Independent Examiner’s Statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, I do not express an audit opinion on the accounts.
Independent Examiner’s Statement
In the course of my examination, no matter has come to my attention
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Which gives me reasonable cause to believe that in any material respect the requirements:
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¢ To keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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¢ To prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations.
have not been met, or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Neil Young MAa BK Plus Chartered Certified Accountants 144 Nethergate, DUNDEE DD1 4EB
THE LUSCOMBE BENEFACTION 2010
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED
31 JULY 2025
SCOTTISH CHARITY SCO41545
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Receipts and payments account for the year(s) ended 31 July 2025
2025 2024
£ £
Note
Receipts
Investment Income 7,600 | 6,800
Total Receipts 7,600 _ 6,800
Payments
Governance 100 100
Charitable Grants 4 ee. 20,566
Total Payments 100 20,666
Excess of
receipts/(payments)
over
(payments)/receipts in
the year 2,500 (13,866)
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THE LUSCOMBE BENEFACTION 2010
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED
31 JULY 2025
SCOTTISH CHARITY SCO41545
Statement of Balances as at 31 July 2025
| Total Funds | 2025 | 2024 | ||
|---|---|---|---|---|
| £ | £ | |||
| Cash atBank and in hand | ||||
| Bankand Deposit | ||||
| Balances brought forward | 2,777 | 16,644 | ||
| Movement in year | ||||
| Excess ofreceipts over | ||||
| Payments for the year | 7,500 | (13,866) | ||
| Bank and Deposit | ||||
| - | Balances carried forward | 10,277 | 2,171 | |
| Investments | 5 | 261,431 | 235,195 | |
| Bank | 10,277 | —2,177 | ||
| 271,708 | 237,972 |
The financial statements were approved by the Trustees on....¥ : H4[ER][ocok][2026][ aks]
Signed for and on behalf of the Board of Trustees
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MRRA.
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THE LUSCOMBE BENEFACTION 2010
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED
31 JULY 2025
SCOTTISH CHARITY SCO41545
Notes to the Financial Statements
- Accounting policies
Basis of accounting
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These financial statements have been prepared on the receipts and payments basis in accordance with the Charities & Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
2. Trustee renumeration and expenses
No trustee received renumeration or reimbursement of expenses in these years. There are no Related party transactions.
- 8,000 shares held in S.E.C. Unit Trust Pool, shown as Market Value.
| 4. | Grants made | 2025 | 2024 |
|---|---|---|---|
| St. Salvador’s Episcopal Church, Dundee | Nil | 15,000 | |
| St. Mary Magdalene’s Episcopal Church, Dundee | Nil | 5,000 | |
| St. Drostan’s Episcopal Church and RetreatCentre | Nil | 566 | |
| 20,566 |
5. Assets of the Benefaction
8,000 Units in the Unit Trust Pool of the Scottish Episcopal Church, with Market Value
On 31 July 2024 235,195.00
On 31 July 2025 261,431.00
Increase in value 26,236.00 Cash in Bank of Scotland 10,277.29