SLi)43116 20Z41
Fln•Thd￿ Stst¢uwmty ftyr the Year End¢d 31 Murh 2024
for
Ststy¢(Yy AudI￿r
RJ"VCT5wJe How¢
Ga]ashicLs
Scottish BorderJ
7DI IBT

Reporl oftkn Truthes
for the Ye*r Ettded 31 M•rth 2924
Tr Trwthes FrfV¢nt their R¢pTrl togetr*r with the Fin￿1￿ Staterllents of the Ch4rithble Tn￿¢ for the Jt4r ¢fyts1316t
March 2024. Tr Finao¢ial Stsicments ￿ve Ercn PTrpurd itj T￿ord￿e th¢ Accc4mlin8 Policits sei out OD
P4es I I to 12 and ￿lY with thc Trust Dce41 aTrl I￿11¢￿bk Jaw.
comply the Tn￿￿8 goTrnrntDg thc Clwities 8TtsJ Tnuw I￿￿￿￿en[ (ScodI￿O Att 2￿5. the Cluritse8
A¢counts IS¢otlatsO) Re¥u]a¢iw 2(KhS al￿[ded) •Ni 'Accouniin8 aTkl RwniAB by Clwitie8.' Sts*m¢at of
R￿mmer￿ed Pnctice appliuble to charities wrywin8 their in ar￿d￿￿e vrith th¢ FIn￿KIllI Repoffitig
Standatd applieable in ts UK Republi¢ of Irelatyj (FRS 102)" 4men&d for &countio8
from l J￿2010)
ObJe¢dv¢s and aln
A Thc objccts of the Tnw •rt foff the disknbuiion ofthe free of ittome for the aid and advar￿M￿l of fr￿1th
•nd ed￿ati0v.'
(i) by njakujs to or b) U6isi in th consritutioo of aoy club or other (rpnI8atio￿ the objeal of wbich
e devo*d ￿ the pmviiiott of f*ciliiie4 for the ed￿&tim J￿h￿S trrriDiDg in all manDer of and Craft4 aod
ph￿1¢￿1 cultttye of the tOW7Lryyle of pthat¢v¢r4Y of G8]AshieJ8 Of Dei&hExxrlKrt)d (hereiDatsrnll¢d"GalaJhi¢ls'l
(li) by maknn8 to LTh*rithbk In*tiUltio4 A￿Cl•ti(S YrArtb Chth. Bw Club or Bimilv orytiimtion
ScodAad, the Obj(*￿ of whicb dcvotcd kn thE rnornl or religious c41￿11￿n or the tr•inin8 or ie&hin8 or physi¢al
wellbeiD8 of childr¢ti or youll8 p¢noaJ
{iu) by makntig grants wwarth th¢ trainin8 in • or profeuioo of any pujon fAts) h¥ bew itUPKif8ted either
totslly or PArtiAlly, ￿M￿Jea￿Y or kmpornrily. u A mli of in ￿Y of His M41*• Force•, or to w•t
•ervic¢ v¢terJw. or aDy Charitable Itis¢ifts¢ionA. Au0ei￿IS)￿ or like #tsbji￿j for the Welf￿8, trthdn
edwotion or othen¥1￿ for th¢ b¢D¢fi¢ of any iu¢bp¢non• or Wu•¢rvI￿ vkn.
(iv) by PJLknD8 any I￿til￿10￿ Ethblijha￿1I or (>yoiMti¢)ts of * chvitable in scot1￿& the objKts of
whi¢h d¢voled to the carr, *tthrttiofy nJainleDan¢e or ￿lfue of the agal or the clrotiic lick or b11￿J
B for the pJYventi¢)n or rekn¢fof poffj by m•kill8 8rJnts I0￿dI the •¢conullodAUOfy maintemnce or Betternl w¢lfJn
of ￿Y perxott in GJl4Jhi¢ls wbo have been w reaidrnt for • period of ￿ le40 thAn tell ye•rn &TMI ￿t in need of fi￿￿1&1
C for the advallc¢m¢Dt of religion by waking BraD¢s towath thc of Any Church of th¢ Prote8￿ll1 faith in
Gal•sbielJ Dr to the tillititettatsce. well beiM8 or Be￿ra1 welfaTe of rniniitern of th¢ Chwch of Scodatsd
D for the relief ofthoae per￿￿ iti tteed by Teuon of ase, ill I￿1[ty disability. harthbip or other di9advanta8e
by providing or by nJakin8 8rants the provision Duini¢o8nc¢ of 1K>￿In8 for the use I￿A trenefii of such
perwJLs vtho ar# rtsideni ID Galashiets have bten ￿ rtsident foT a puiod of k•¥ than ye4rg.
E for the provision of r￿TeaU0041 fa¢ilitieJ by Dukin8 8r*Dts towards ony SCI￿ne or Kb¢mes for thc improvcmetlt of
amenitlcs of Galasbiels I￿l￿dt￿g with prejudice kn the fore￿1￿8 8ewrality 8roDts low•rds the provi¥ioD ofnEw public
halls. playing fields, parks gnd gardens.
Gr•ntrn*klnE Poll¢y
ITr￿ TTUStiX5 will consider 411 applicatiom made to them xo r¢l4tton io the TnLSt puTro8¢ aod in¢oTne available for
distribution from tiD)e to time. The Ttu8t is wrll in the a￿a nwiy 8rant appli¢alion$ arc received. The
Trusttes do Mt COL8id¢r it TIe£￿I￿ry to invitt applicati￿ iwi 8Wtyrtness of the TnLSi is eJxcovra8eJ by pre5Cntatsotts in
local n¢wspap¢rs.
Page I

Reporl of th¢ Trustta
f•r thr YtAr Ended 31 M4r¢h 2(124
Charltsble •rtlvld
The Tn¥t bs in the Jno%*tt*nt of fiTJkls by £107J35 (21n3 - £127.472 (dexrt••È))
This Includ￿ tt* •ti*)uth8 *) rii,134 (&iD} (2023. 1122.724 Ilou)).
ExeIlldi￿th¢ rdi*d uotvaw gal￿ JTrJ the Tn￿ bas a d¢ficii of£154.156 in ts yw {2023 £4.748
tkfi¢ii).
over￿ I￿￿¢ by £9.491 frow £188.707 ￿ £179J17. Thii th¢ Te￿1[ of • in both I￿j
penditurn h&8 Increm￿ by £164231 £193.455 ￿ £357,686. rn4inly th to the coB¢ of prLry)uty
r¢pairn iti 2023r24.
Th¢ Tnwt provided mucb Deeded Awiitsllce by 8rants w l indiv1th￿l £666 •rd 41 Cknitsble
Orwusthom I￿11 uusei totallin8 £70285.
FINANCIAI, REVIEW
Fln*ndAi PO￿tIon
Th¢ Tjust'i Permaoellt ErwlowiThent FurAI was eteat&J ots 1st April 2023 from Ajjets of ts R S Haywwd Tnjrt aad
the LI￿Y Salld￿￿ Cottw HomcJ. The Y￿lle of thi8 ￿ 3111 Mtrcb 2024 WAS £3.941.751 (2023. £3I94,931).
Th#¢ w¢r¢ ￿ reJtri¢tsow oo the TT¥sVi to itiveit. The investm￿1 shte8y 18 •ei by the Tnmeeo in COW¥JDction
with iDve6tsllent •dMee. The Atrate8y li 8et within ￿ ovu•ll policy which otstes ththi the Etslowme•t is irtvestejj
hedK¢ infiatio
IDYotm¢nt poll¢y ind obJe¢tlve•
The T￿￿teA has Asoemed the mqior rilkn to which the ia •TrJ ATC Utiified thAt 1Yrt¢￿ ue in pl*e to
mitigatr to dht miior rith.
Trus*ea note that the InvcsttDcni porrfolio from April 2023 to Mthr¢b 2024 BIK)w ￿ overall i￿reaSe of 3.41 /0
(2023 . thowfij In d￿ye￿ of 3.86'AI over the 12 nK)nth wiod mainly due to the UK O¥uaeai
RueTVU pollcy
It is tbe policy of the TnL6t¢u lo relain only a small working ba]a4¢e of revenue OJDd& The w￿xp¢￿￿1 balance.
followiD8 a periodi¢ distribuuon of ￿nts, would noi DOrn￿llY exceed three months in¢ome.
Th¢ PToperti¢s tothpriiing thc Lucy s￿de￿)ll Cotta8e8 wryll Tequire upwwJitiB to crmvre thcge rcrnaitt iti TeThant8ble
¢onditiot) and to comply with cncrgy 8uidtlines. There are 115(1 4 fornKr bedsils wbidj the Tru5tec5 are
prO￿lA8 to convert into 2 of 2 bthlmoms ￿tr￿ Tbtx WO￿ will require Rththntial (vital cxrKDth'bJre
duriTh¥ the next few year5.
Pa8e 2

for the Year £￿d 31 M•rdb 2•14
STrUCTURL. GOVKRNANCE AND MANAGEMENT
Governlnz dotwnt
The R S Hayward Tn￿ fonlled u a Ctsriry urth a Deed of Trott by Robert Sonduwn Hjywd dated
26th Mu¢h 1954 ￿yj rewsiered 17th 1955 whler Seoitish Chty Ref￿¢￿¢ NuDJber SO)15427. The L4¢y
s￿e[SOlI Cotta8e Honm Charity was fornd ufyler a Sclvlle for Consiimion wyj AdmtntStr*ion of Tr¢ 1￿cY
S•ndeTrm Cotr•8e Home4 daied the I lth May 1933 repsiernl Scottith C1wity Ref¢renc¢ NwDb
Sa)14626. (h 13th July 2012 the Officc of the Scottith awity Tryiwion of the R S
Ha￿ Tr￿1 aThJ thE Lucy Sar¥JcTaon CotsaKe HotDes for a tTrnsfer the Haywtrd S•JMler8on Tn￿ und¢r
S¢otti8h Cbuity Refr￿ Nwnbcr SC043290.
Tru￿¢¢ re¢rultJntnt lfydthctloll pr(*eM
Tn]$tru •re rittKt ¢1￿*d by th¢ by the Bomrd *Jbje¢¢ kn ¢¢thiion & the AGM. On
necesgary. Durin$ the ￿ th¢ T￿￿Et¢S OD row wca8ioDs.
REFERENCE Ahll ADMLYISTRATIVE DETAI
Rrytstered ChLrfty Dumbtr
SC0432YXI
Pike & Cbaprwi
36 Bttnk Street
TDI IER
Auditori
JRW Hogg & Thothrn LLP
Sratulory Audiior
Riverside Ho￿#
Ladljopc Vale
Cialhshiels
Scottish Borders
TDI IBT
STATEMENT OF TRL,STELS' RESPONSIBILI'I'ILS
'1ILe ￿￿tee$ are resw￿l71]e for preparing thc Re￿rt of the Tru51ee5 and the fiullucial 5ts1ements in accordanre ￿1th
applicable law and United Kingdom Accnunting StaTwJar(Lq (United KingdL)m GeAwJlly Ac(cpted Accountin8 Practicel.
P48e 3

Rwrt of dbt Trustce¥
for the Yo•r ZDd¢d 31 Mareh 2024
STATEMENT OF YRUSTELS, liLSPONSIBiuf￿.
Thc law applicable ￿ cbarities in Scrfl8r4 the Cl￿[111￿ Trutte Invest￿ (S￿¢1￿¥0 Act 2￿5. Cbaritics
A¢eouDts (scot1￿￿) ReKD]atiotss (as ￿llerY￿) the tyowony of the wrhg1iti#1o￿ the
tr￿tte¢s ￿ prepue fmancial 8tstem¢ats fr*r ead) Ye￿ *•lwlJ fair ii¢w of 511¢¢ of athirs of
ehprity forth&t wiod In preparin8 tlThe fttw&ial mi¢menL% thc tnutee8 alt Tfquilrd
. sekct 8uitsble X¢OVDtin8 ￿ll¢le& #nd theo aA)lythem c4)nsi￿￿.
tb¢ fllwwial position of the cbarity ard to cnable to that the financial sthteDKDts cornpty with the CbAritiei
atsl TnL*tt lo￿A￿ent {scoll￿A￿ Act 2(K15. the awitie8 (Scotla￿￿ Re8ul&i1o￿ 2fK)6 lob aul the
pro￿%%10￿ of th¢ ¢lwiWs Cou￿Tti￿O￿ Try re4x>tsJlile for ufegutsdiog the L8sets of the chaTity 1￿ce for
zoz
byorde¥of the botrd oftrwte¢8 on 12th Fcknu￿ 2a24 thMI •i8tstsJ on its bejwlf by.
PaKe 4

Report •1 the IndependeAt Audlton tts the Trwtcu of
Oplnlon
31 M￿Ch 2024 which cornprise the stster￿1rt of Finatrial Acti%ilJe4 BU1￿Ce Shea ard to fin￿1
applitsj Xll their Pry&XlioD iq 4wlic4bk l•w and Utiitsl KiD8dom Ac¢c4mw Stsndard8 (Unitrd Ktn8dom Generally
. give 8 and fail view of the of tbE C￿nI￿* aff&iTh as •t 31M Mw¢b 2024 of its it*OmiD8 fe4rArn atyl
appI]c￿l0￿ of ffesourc4 irKludin8 its 1￿me aTxI expe￿I"lUrc. for the )tar thcn
. have bxn prcpwed io S¢￿ with the wDremell￿ of tt* Cbaritics and Trustee In%￿t[ne￿i (Scot]ayil Aci 2￿5
a￿1 Re8ulati(JD 8 of ts C7wiiie8 Accounts (Scodad) ReBulatioN 2(￿.
Basis for oplDlon
We conduct*J our audit in accordrye *qth Intrrnaiiotial Stsrthrdg on A￿liting (UK) OSAS (UKI) Bnd opplicable law.
Our reswLsibi]itie8 tb(tt are fiutrr 4k8LnW ID the AudiwTS' rwiljililles for the audrt of thc
fina￿¢181 st8t¢m¢nts se¢rion of our rEW>rt. Wc #re i*deDt of charity in with the ethical
aDd we hav¢ fi￿￿1]th￿ our other ethical t¢s￿￿kn111￿￿ itt ¥¢Ord￿¢t witb tt*se requi￿￿ We be]ieve that the
CoDcluolons rd•tlng to Eolnt eoneertt
In auditin8 thc finarKt418ts*mellr& ha￿ the tru&cH' ws¢ of ts gOiD8 ixsij of a¢oJwtin8 ill
thal individu￿Y or coU¢¢iively. DWY cast stBtii6cani on the cbtritys ability to conLiTwe 80ing Cofkxm a
p￿10d of ur least twelve moLtFo from when the fin￿ellI s¢aterneDty¥re Mrthorixd for issue.
$￿tio￿ of this rewt.
Other tDformadon
The tnjsttts are responsi￿le for the other lllfonDaiio￿ The other inform￿10￿ cotrLWW infornwtioll in the
explicitly stated iti our repori we do not exprt48 8ny form of &%%urantt Co￿lUsion thcreoL
tn contte¢tion with ow audit of tr fina￿1*1 statcmcllty our rct{NI￿1￿11ity is to read tr* otheT infonnation aod, in doiti8
go, cottsidu wh¢th¢r the othcr Info￿0￿ is materially incon5iSteDt with the financi￿ sta*m¢nts or our knowledge
obtaincd ill the audit or otherwise appeaTS w be materi￿Y misststed. If we identify such nJa*rial itiCOll5i51cDcics or
apparent rnatcriaj tnisstatcrncnts, we are re4ull￿ io detern?tne this gtves rise to a ma*rial mI&stater￿n1 th¢
financial slaicumits the￿L￿elVeS. ￿ b￿d oo the we have performe4 we CODclude that there TS a material
Page 5

Report of the llldependtnt Audttorn to the Trutee• of
Tbe Haywird S4nderwn Trwt
MAtttn OD whkh w¢ *re reqthed to report by exeeptlon
In the light of the knowl￿ge uDd¢ts¢8ndin¥ of the chority aDd its e¥LViTtinme•t obtsined in tha C4)uroe of the iudiL
we ￿ve not identified n]a¢eri81 mi81taLements in the Report of the Tnkgtses.
We bave nothin8 10 report iti reyci of tbe followin8 ThatteTh the Chariti¢8 Awounts (Swtland) Rel￿tions
2C(NS lu ￿￿elld￿l US to repLKt to you if, in our opiniori
. adeq￿te kttd proper a¢couniio8 recordq have Trjt been kept or •d4uate for our oudit bave not been r￿e1Ved
from braDches not Trisited by ys.. or
. the finwia] statements are not in Jyeemeai with the A¢￿￿)11n8 recorda Ard renllns.. or
- certain dLscI¢)8ure8 of tN5*¢8' r¢mwJcration specified by law not madc., or
- we have not received All tbe inf0m￿tIOn aod ¢xpl8n4liooy we require for Awlit.
Re￿￿n•1b1ll￿¢i of tr¥•t¢
A8 explained more fully in tho Statement of Tnuie¢6' R¢qbopJibikilie8. tbe tsiwt¢e$ are r¢8ponJibl¢ for th¢ prepdratioll of
the 8th￿rnents which Rive a aiyj fair View, and for lttttrnll control as the trUSt¢es det¢rminc ij
necc88ary 10 enablc the PTep8r4tion of f￿anCIal Itatemenis that are fre¢ from Ma￿Lat misstatem•a¢ whether due to
fraud or error.
In prepllr1￿ the fift&￿181 otstem¢nts, the ttimteei are respotuible for owssin8 tl* chDrity8 abi]ity to conlinue AS 8
Boill8 wnc¢rn, diJcloJin& ts applicable. matter8 relfyted to going conc¢m lod yJiDg thc 8oins eoneern basis of
tKcouniiDR unl￿& the trys*¢S either inieod to liquidat¢ the charity or to c•ue operatio￿, or hAv¢ no Tealiitlc Altemdtive
but to do 40.
Pag¢ 6

Report of the IJKlependtnt Audltor• to the Tru•tw of
The H4yiYArd Sanderk)n Tru
Our rI￿o￿1b[Utkn for the audlt oltht Iln*Dtlai ￿teMents
We ￿ve been appointed as auditors under Scetion 4qll{¢) of the Clwitie& Tn&%tee In￿￿llent (SeotlaDI) Act 2CM)5
aad report ill J¢cordance wAth the Aci and Teleyont T¢8ulatio#8 made or hATring eff￿t ther¢u￿.
(hr objectiv¢g aty to obthiD weasonable A￿Urance thut whether the f￿￿￿1&1 48 a whole tre fite fro
tDat¢ridl mis8thtem¢Di whethtr io hud or ¢rTor, to i&4uc a RcpTrrt of the IndepeDdellt AuditQTS that include8
cginion. R¢awnable tsjurw￿¢ is a hi8b leycl of wurance, but i& not a 8M8rantee that an audii cottdwh￿
accord&￿e with ISAS (UK) will Alway8 detrfi 4 mateTiAI mi86thkmellt when it ex1￿. Mksthten)ents cun arise froni
fraud or error ard 4T¢ COn8id¢red material if. individually or in thc ttwc8llt¢ they wyld reagombly b¢ ¢xpttled to
influ¢rtt the eeonorni¢ thi$ion8 of taken OD the bR8ts of the4* ffftftnci￿ itAtements.
The extcnt to which our prO¢￿Ur¥ are capable of d¢t*tin¥ ITre￿larit1U, itKluding fra￿1 18 det4il•A belov.
Iden¢Efyln8 •nd •ueMln¥ pottDtIAI related to Irrryuivltl
F4uirÈn8 rn4naBement tttKI trute¢s, I￿1￿lA8 obtsitsin¥ 4Dd r¢min8 ￿P￿rtill8 c<JrKttDinB th¢
hAritgi policie8 and prtKedur¢s relating to..
Identifyin& eval￿tIll8 and ¢ornpl)ryng with IAWS regulation8 and whether thy wer¢ aware of any ittltsncw on
noo compIi&Ac¢;
Iktfxtin8 And res￿nding to th¢ TiJk8 of fraud ond whether they hAVe any'know1￿￿e of •ny actual. 8UsP￿ted or
alle4￿ fraud. otyd
The intemat pro¢es8u e8tablith¢d ￿ mitiyt¢ riskN relèted to or n0n-eomplia￿¢ with r¢8uiatiofjJ:
Dis¢ussin8 with the en848tm¢nl team and where fraud mi8hi occur in the fiDoncial tst¢mert¢8 and ally potenliil
indicawrs of fraud.
ObuÉniA8 an Under￿aditI8 of the levi r¢8yl•tory frhrnework that the ¢hArity op¢rnt# I￿ focu8iti¥ on th0￿ la
and re8ulatioM tb41 had A di1￿1 effKt ott the £Daocial 8tAt¢ments. Theac areas were idmtified tlwou8h ¢r4uiriu with
trustceB. mRuaBemettt our knowl¢dg¢ a¢MI ulldCnth￿YIllg of the charity accumulatyj throu8hout the a￿j1( atxl our
ieGtor.owific experietjce.
Audlt re￿￿￿•e1 to rtsk• Id¢ntlfle
i rEiuIt of thue procedurn, we wnsidered the oppornmitiei iti¢¢Dtiw thil may exlat or8anloauon
for fraud.
In addition to the above. ourprocedurej 10 respthl to the ri4k• identified included the followryn8'.
R•vieMlln$ th¢ financial state￿n( di8¢10sur￿ ic8tin8 ond 8UPPOrting doeumentAtion to asselb con4J]ian¢¢ with
relew¢ laws and regulatiolls id¢n¢ified aj haling a dirtet cffect on the fllwicial 5talem¢n¢s;
P¢rforJnin8 anal￿1¢81 prcKeduTe6 10 ideniify illd unus￿] or unexpected r¢llltionships thit thay itsdic4* the risk of
rnaterial Jnisstatement due lo fraud,.
Reading minutc8 of try.qt¢¢ rn¢etinBo,'
In bddre8sitt8 the riAk of fraud throu8trL tn￿￿sen￿nt oveffid¢ of wntrols. le￿ill8 the ¥propriat￿l¢ll of journ
+￿trieS and other Udj￿t￿C1jts.
We Also ¢onununi¢akd relcvant lawJ and resolations identifjed 28 potenti&l fraud risks lo all thc cngagcment i¢am
rncmbers and remaijjed ￿81]L￿1 lo any indtLatiow of fraud or non40mpliknce with law$ Nnd rrgulalion5 throuBboul the
lludit.
Because of the inherent limil4tiosJs of an audiL there is a risk that w¢ Mryll not all irre8ularitic4 iticludiD8 tho
leadirtg to a malvrial rni8slsiem¢nt iti the firta￿cial statements or non-¢ompliance with r¢¥ulAtion. Thi8 risk incTeascs
the mnrc that cornplian¢¢ a law or regulaiion i5 rcrnoved from th¢ evenly aDd trath￿r[l￿1IS Tcliecled in the flnaj￿]aI
$iatemcnts. we will bE le*8 likely to ￿offiC aware of instances of non-¢ompliAtKe. The risk is also Krcatcr
r¢8ardfft8 irregul￿]lIeS occtsrrin8 du¢ io fraud rNthcr thDn error, &8 frAud involves tnr¢nitonAI cowcalmcnt, for8¢ry.
collusion, omission or misr¢prNen¢aiion.
A furthtt desetiptioo of our TesponsibiiJtie5 lor the audit of the financial statemeots is loGated on the Fina￿1￿1
Rwrting CounciS'8 w¢b$it¢ ai www.fr¢.org uklauditorsrespoJL8ibililies. This dcscription foTms part of our Report of the
Indepcndenl Auditors.
Pa8¢ 7

R¢pDrt•f th¢ Indtpekni Audlton ¢0 theTr4thu of
The Bly￿rd S*lldtnots Trwt
Ule ofour r¢p•rt
This report is made sokty th the •% a W. in with R¢Wjj•t￿fj 10 of the Cbaritieo
Accou￿$ (ScOtl￿d) Rep￿.0￿ 2W6. Our I￿111 wc•* b&9 mighi wte ￿ the ch￿1￿*
extent permittcd by law. we ty)t w or re4wwJlJility other the cknity and
Stytutory Auditor
Riverside Hiw¢
L4dhorK Va
GalAshi¢lB
7DI IBT
14th February 2025
P*gc 8

fw the Ye*r Ettdtd 31 M•r¢h 2•24
31.324
31.323
Tothl
Dc￿tiOnS leBAeie4
1279
Ch•rltabl¢ •¢¢Md
70.4
70.407
75,968
Iov¢8th1ent iKome
108 810
Tot*1
179
179
188.707
EXPENDIT￿ O,Y
Chirlt•bl¢ •¢tlvlde•
Wa8es
193
Chtiritsbk 4¢tiviti
333 J73
193,262
Total
333
193 455
Net vin￿{10￿¢￿) inveth
122 724)
INCOMFJIEXPEP4DITURE)
{154.156)
46,821
(107,335)
(127.472)
RECONCILIATIO￿ OF FUNDS
Total furth brou8bt forwArd
320.362
3,894.931
4215293
4J42,765
TOTAL FUNDS CARRIED FORWARD
4.215
4 107 958 ￿93
Page 9

31 M•r¢h 2024
31.3.24
31.3.23
Tots]
T8rwble a
io
457.&14
3.471537
457.6M
457.644
3 428 874
3.930.181
3,930.181
3,886518
Debtors
12
157.684
157.6H
39.452
4.344
2J07
J18
83 624 ￿21
at b•Dk
234.081
11.571
245.652
360,680
CREDrroRS
13
(67.875)
(67.875)
(31.9051
NET CURRENT ASSETS
11.571
328,775
1662(KS
3.941,752
4.107.9
4215.293
NET ASSM
166,206
3941.752
14
166,2
3.941,752
320.362
3.894.931
TOTAL FUNDS
4.107.958
15,293
zoz
The fillancial 6tstrtt)eots wete I￿0¥¢4 by th¢ Bo•rd of Tnwe¢s a￿1 for iswe 12th February 2ts1 and
wcrc its behalf by.
The notts forttt part of tt￿t $¢Atrments
Page 10

The Hayw*rd S*ndeT•VW Tru
Notrl to th¢FtDanetsi Ststememts
for theyw Ended 31 Mw¢h 2024
ACCOiJNfLNG POLICIES
Chlrfty I￿r￿n￿lIon
The C¢)tttsuUi￿ actisryty of The Haywud S•ndCT￿￿ T[￿t is to fimding to the aid and the
•d￿￿￿eMent of health atsj other cluritsble all detsiled io the Trust Decd. all within ScotlaTh
The is n8iJtefft4 wfftth the Olf￿ of the Scottish Clh8rity Regulator afyj its tewitttd number 18 SC043290.
The TnL4ts Te8iSter&1 •ddre&s 1$ 36 Bank Stree( Ga]&qhieLs. TDI IE
Golllg Conetrn
The dirttt0f5 havc a&Se&￿d a puiod of 12 Dx)oths from the date of tFyowal of the 6ts1ell￿ntS ar
coti$￿1¢[ that tK) matctial wenainties exist that SA8Dific8Dt doubt about the ability ord* TTwt to continue
a Roing Co￿¢￿. Thur is intrDliott to carry out sI￿1ficI￿I ttpairs to the prcyertie• OWTd by tbe Trthst
basis of acc(Alltting in PTcparin8 the finattiaj wteD)eJ)ts.
CrldcAI •¢COUDttni j￿gern￿ts ind kry of eth*tlon unetrtxlnty
In &£ appl1￿￿0￿ of thp TnLse3 3ccouniiD8polici¢4 the Trusrees are required to mAkeiud8¢llKDty and
I￿￿t the C￿]ll￿ amounl of ￿lets atyj liabilities that are Dol rr4dily appaT¢nt from other Jource4.
p¢rio4 or in the peri(d ol the revi5iou t￿] fuh]re ￿)0d$ wF¢re tt¢ mrysioo thffects both current and
A¢¢outsth¥ ¢onveThdon
The Trust meets the definition of 8 pubjic benefit entity under FRS102 and th¢ financial statemcntJ be¢n
pr¢par&J in ¥c￿rd&￿ the CbAritie8 SORP (FRS 102)'Acwuoun8 ard Rwung by Cbariti&4'. Statcm¢at of
SrthNlard applicable in the UK and Ryblic of Ireland (FRS 102) le￿¢￿Ve l J￿u￿ry 2019),, Fina￿la1 Reportin¥
Standard 102 Tr Fina￿la1 Reportiag Stth wli¢able iti the UK aDd Re￿￿b]IC of Irelar¥f ￿ the Cbarities
d InveJ¢m¢at (Scothd) Aci 2W5. and lithbibtiej are initially rec08Dis￿ 8t hi8toricaJ cost
traLwtion value uol¢ss oth*￿iSt thted in thc releTr•nt accountin8 p)licy.
Tr preparatioa of fmÈnci•l $ts1eo￿)ts the use of certain critical xcountin8 eslimaies. li also requires
InL8tees te exercise their judgement in the Process of appl5￿$ & accr1￿1￿8 whcies. Us¢ of avdilabl¢
infonDation aEhJ application of judgernent are iDI￿rent in tbe fi)rtll•TiOD of estimaw. Acts￿1 outcome8 in the
filts￿e ¢ouJd ditTer frorn such &stimates.
The finan¢i81 sthtcments are [rtep￿d ID Sterhng, which is the futsciion￿ ¢urrew of the Tn¥t. Monetary
Incornc 15 rccogllised whetk the TnLSi is legally entitlcd to il aller any COTwJition5 have been met. thc
amounts can be me&sLwed ￿liabl￿., 8fy1 1¢ ss probable that will be receive
Cash donatior6 arc recognised on receipt. Other donatiow are reco￿￿$¢4 the Trt￿t bas tten Dotificd of the
donation. unlc&s r*rf0￿llance conditions rwrire deferral of the a0￿0￿¢.
The Tn￿ an invest1t￿t p)nfolio, thai is m8n88al by RathboDts. tnVeStslle￿ irKome is accounted for in thc
pcriod in wbich the trust is ¢ntitled to rettipi. In¢ome is thc gross vdu¢ of dividends and interest rtceived after
r￿181￿￿ arty tax creth.ts that art a￿112b1¢.
Resourfe5 expended
Liabilities are reco￿1$￿ as resouwe8 eX￿ded as soon as tbere as & legal or ¢AX*tructive obligation committitig
the ebarity to the expettdifttye. All expeodiNr¢ is acco￿)led for on an *¢n￿lS b&sis. frrecoverable VAT is
¢bar8ed a8aiLL%t th¢ ¢a*g(>ry of rcstsurGe5 eApend¢d foi wbirh it 15 i￿Ur1e
Pagell
continued...

The Ha￿4rd SA#deY•)D Trut
No¢e• to tht sts1¢ry￿￿ty. coAdDutd
for the Yew Endod 31 M*r¢h 1024
expeoded
Govern1￿< COM costs iDvolw the publie I¢¢(*X￿￿jkn.ty of the Tn￿ ilj compliarKe with
T¢V]otion Eood prxtic¢. Thcle costs relate to thyjii a¢couotitig ftes. Th¢re 15 no
Grnnts payable Pll￿ts to third pJnie4 iti the fi￿the￿ of th Cl￿11•b￿ obi¢ctivM of the Tn￿L
The 8rnDts tre t¢￿Vated for whcrc cither trusw a￿j ply the w withovi wDJillon the
re¢ipient ]w a reuoDknle expe¢lalion that tly will rtttive • 8ran4 CY ￿Y coulition io the 8r•nt li
Outside the Control of th¢ TnLqL
T•nRlble IlI￿ a•¢d•
TawThl¢ ajsets arE ittitially ¢014 Ave thted •1 wit le• any ￿<￿mU1atcd
dcprcciation at>a impairnt losw.
The BAin or loll Mrixiti8 on the disposal of •n atset is detr￿1￿d u thtr diffemv betWttD ule pro￿¢d8
the earrying y￿u¢ of the is recO￿l￿d ID tkn ￿tement0f financial a¢tivitiu.
Prcwry held pDm*ily for the ryovi#ion Of beoefits, e8 jo¢1￿ Wd by • ￿bIle benefit eD¢ity.
11 not be ¢iwifi¢d as invutsY*tsI prroeny xball be xcounwa for u propeny, piwt equipmeDI '
With ￿10￿ 17 of FRSIO2.
lllvmtments
T•utlon
The cbAriry li ￿tI￿p1 frorn tsx on its clwritsble ￿ti￿tI¢l.
FuDd •¢coun¢l
Ullrestricted funds be in a¢¢ordw with the ¢lwithblt obJ(*tive• at the dixrnlion of the trul￿.
R¢stri¢t¢d oll]y b¢ uled for p&rti¢ular rtltyirtd purposej withitt thc objtas of the chArity.
R¢Krictio￿ 4r1* vA*tt spttified by the donor or fund$ jre rJiwl for parti'cu]ar rtStri¢ted purpthes.
FJth•hrynellt fuDth •r¢ AthjeLt ￿ ¥￿IfiC CODditiollJ by dooorn that th¢ ¢apitsl muJ¢ be ThBintAW by thc'fntsL
Furthcr expl￿￿1100 of th¢ natwe purpcrfe ofe•cb fiuKI is iD¢IL¥tsJ in the llo￿ ￿ the $tsteD*ws.
Attd lknbliltles
Basic flnancial asscts, i￿l￿dIng tyad¢ and other debtors and bank bth￿e￿ ere initially ft£wus¢d gt tran￿¢tion
pri¢¢. At th¢ end o( ea¢h r¢portin8 period fitwKial asseLS measued at cost art a58esKd for evidence of
kmpawment. Any Impairu￿ttl loss 1$ recogniscd in th¢ Sthi¢rALi of Financial AeiivTties. FitiuKithl asoel8 are
deTe£O￿lSea wb¢o thc cOntracttE￿ rights casb flo￿* frojn the a￿t expire or arc Settled.
B&8ic fin￿CIal liabiliiies. i￿luding trade and othcr ¢redito￿. arc tnitiilly rccognised at tsathaction prtce. Trade
reditor¥ bre obligations to pay for goodq QT xrrices that hav¢ beetl acquwcd in the ordimry course of business
from 5uppliern. These are classed as Current Jiabditics if ptyym¢Dt is due withhn one ye4r or less. If not they arc
prescntcd as non-CUTrent liabilitits. Finan¢ial liabilitte5 are dCreco￿1Sed when th¢ liobtlity is cKtin¥uished. thai is
when the ¢ontr8¢tkJal obli8ation is di5¢bargeit callcell￿ or cxpires.
Page 12
contiuued...

P40ts4 t• the FlnAnd41 Statullents- <onttn¥ed
lor ttse Yur Ended 31 M￿Ch 2024
ACCOiJNllNG POLICILS. e•llthiueO
Provlth
ProTr13io￿ rttoRni*l vknen effiity trt8S Art obliptioti It the WtinK dttte u a ￿Su]I of i past evetttr. it '
probable thw the errtity will be required economic ben¢fits in settlement Ind the of th?
obli8Jtion can be estim￿ reliably. Provi51(m￿ u¢ Twtti%d as a liabitsty ID the of fillwial pmitio
8Th4 ￿ amoutti of the proiryiioD U wi ¢xpen8e.
Prowiom are initially nY8sur•J at the best of the •MOu￿ requireA to Knle the obligailon it tho
rtiD8 date alkl Aubwuettdy remewcd li e*b reportill8 da￿ aDd ￿jUsted w rel]eKi the Current but estimate
of the 4nk)WJt th&1 would be required to 8¢ryk the obliptioL Any •djusth)thts ￿ thc anx)witA Previously
reco8Di￿ arc recosni8ed in profit or the proTriSTOtt Origin￿lY re￿￿￿1 as pirt of tr ¢o$t of
ID amei. Ivhcn a prowion is li the PItse￿ value of tl% a[￿ll￿1 exrrtt¢d io be re44uired to ￿ttle tr¢
obl184tio￿ the utswirwjing of & discou￿ is fKQ8Di%d in fir•w¢ ￿ ID profil or los8 iu the p¢rird li
IX)iYATIONS A￿￿ LEGACIES
Jl.3.24
31.3.23
DoMItODS 8ifts
INVESTMENT IliCOME
31.324
31.3.23
499
92,734
13,569
1.193
101,441
8.061
765
Dividefyts. UK E4uitie4
Intere￿. UK Fixed Int¢TeA Se¢wlti
InRzMT rff¢iv•ble
CIIARITABLE A￿1vIT]F5 COSTS
fimditig of
Support
¥Dviiies {*¢ ¢01ts (ge¢
no* 61
tt0* 7)
Costs (xe
note 5)
Totals
Cknitsble activI
357 686
DIREcf COSTS OF CHAR￿ABLE A￿TrIEs
31.3.24
31.3.23
Prfft ¢x￿￿e5
Pa8e 13
continued...

The Hiyw*rd S*ndenon TnNI
Note• th tht FID1nd￿ Statem¢Dts. ¢ootlTrwd
for the Ye*r Ended 31 2024
0￿j fiffiherance of their prci￿.
3.[￿ Ab&)tsford Bowling Ch
2.(KKJ Border Mlitional Need%
l.(kn) ￿ Bri8*k
1.668 Britiqh Wireless for the bltnd filljd
7CQ Burgh Porent Te4chtr Cootsil
2,(KKI Casb forkndq
3275 xiew¢ foundation
IJCrf) Hospithl
750 Gala CTicket Club
1.750 Gala Fai￿￿￿ Rove¥s FC Conunwiity TIL
2gkKI Gats S*inDyw Club
I,lJ)O Gttiashiels & Ar¢a F
7W) G￿￿%￿1t18 Ac&lemy
2J92 Rugby Club
3.(IXI Galashi¢LqTowtt B
70) Galedio Vets
Girl Gtsi<kn8 Scotland
2.(XX) G￿KoW childtt￿ HrApityi CA￿lty
I.(XX) Hearts & MiThls
750 L4n8le¢ Youth Cl
I,O¢X> Mwcu]ar Dystrq)hy
3.(K(J NHS Borders Ciwonie Plin
2.IKrfI NSPCC
I,IMK> Perfrct Ham￿lly
5.1KKJ QME Ho
2.[￿ RNIB Scotla￿1
l.(MJ) Sa]vatioD Arniy
I,(W Scottish Huntitigtons A￿￿7a11￿n
I,IMM) Spina Bifida Hydrocep1￿1￿￿ Scotla￿￿
1,400 Si Peter5 Primary Sch￿1
12(Kl Twecdbtnk Pnmary SclKK)I
l.(K() Twr¢dbth Youth
5C(I Wav¢rley HotDes
I,(NX) Willow Foundation
15(K) Wthin8 Toget
£70285
Page 14

Notu to the Fln•ncknl St•ttsxDts. eonthiued
f•r the Year Ended 31 m￿ch 21124
SUPPORT COSTS
C1witable A¢tivitie8
31.3.24
Chuithble
31.3.23
Tota]
acti￿11¢8
66.945
6,31XI
61230
5.8(X)
221
Auditor8. remunerdti(
Accountan¢y Fees
67
31 March 2023.
TruteM' expeD
There nts tru3ws' exFaJXO Nid forthe year 31 Mar¢h 2024 J)Dr for the yur eJMled 31 M￿h 2023.
P8ge 15
continued...

Notej to tbe FITh•￿1•1 S¢*twDents- e•Ddnued
for the Yar E￿d 31 Marcb 21124
)J79
1279
Cb*rltAblt *cdvldu
75.969
75.969
111459
Tot•1
188.707
188.707
KXPENDI'fURE ON
Ch•rltsble •rtlvlde•
Wag
193
193
Cbjritsble ￿tivitIe1
193262
193 262
Totsl
193 4JJ
Net Pl￿{10&1¢1) on inveth*
122 724)
122 724
INCOMEI(EXPENDmJRE)
(4.748)
(122.724)
(127N72)
CONCILIATION OF FUNDS
325,110
4,017,65J
4.342.765
TOTAL FUNDS CARRIKD FORWARD
320 362
4,215
3894931 ￿93
Pa8e 16
coniinued...

Tbe BAywanl SaDdenoD Trwt
Notm to the Flll*nthi Stsiemeuts. ¢ondmued
rw th¢ Yw ETNled 31 M•r¢h 21)24
io.
IATrI and
buildings
co
At l Apnl 2023 ar*1 31 2024
NET BOOK VALUE
At 31 March 2024
Ai 31 Much 2023
Liqtcd
Tothts
MARKET VALUE
Al l Aprtl 2023
Additions
3J96.904
392.627
(375.6741
31.970
155 J76
3.428,874
548203
(575.674>
V￿￿tion cbAD8¢8
31 Mtr¢h 2024
3 472 337
NET BOOK VALUE
At 31 Mweb 2024
187 546 ￿37
904 31970
At 31 Mar¢h 2023
3J
3 428 874
12. DEBTORS: AMOu￿T5 FALLING DUE wmiiN ONE YEAR
31.324
31.323
13. CREDITORS: AMOUNTS FALLING DUE rn ONE YKAR
31.3.24
31.3.23
Othcr crcditorj
Page 17
¢oniinu¢d...

to the FIH#D¢l#l Ststern¢Dts- ¢llRdDlle41
for the Yur 31 2024
14.
Net
ovem¢Dt
At
31.324
At 1.4.2J
Uttmtrlrted fpDdA
3JlJ62
(154.1561
166.206
Endowm¢nt fundi
3.894.931
46.821
3.941.752
TOTAL FUNDS
4215293
107J3
4.107.958
Net m0veu￿￿t ID fityyjs jwh￿d ID the alK*ve 8r¢ &8 follovrn..
UDrertTf¢ted funds
179317
(333J73)
(154,156)
EDdowmtnt fuods
Elldowrynent Fund
(24J131
71.134
46121
TOTAL FUNDS
179
107 335
ComparAtlYeJ for movemeDI In fund•
Net
At 1.4.22
in funds
31.3.23
UnMtrl¢ted fyndi
325,110
(4.748)
320.362
Ejmlowtnent fundi
4,017.655
1122,724)
3,894.931
TOTAL FUNDS
127.472)
4215
4,342.765 kn ￿95
Page 18
Coniinued...

¢0 the F5llAtt￿ Ststements. eonthiued
for the Ytar Euded 31 M•T¢h 2124
14.
u￿r￿trIeted luDd•
188.707
(193.455)
(4,748)
EndoFrnient fllDds
FJthwment FutKI
{112.724)
(122,724)
TOTAL FUNDS
188,707
193.455
122 724
127 4721
A current year 12 D￿nthS ard prior year 12 combiKdpMitiOD is as followg:
movernent
At
31.3ll4
At 1.422
UDrestrltted fund•
325.110
{158904)
166206
Endowmtn¢ fund•
EtsJoMDent Fund
4.01?.655
(75y)3)
3.941,752
4.342.765
234,807)
4,107,9J8
A cuffent ycar 12 months atMI priorye4T 12 mopths wmbined n¢1 nKbVem￿t iti fittth. irKhthd in th¢ Ob0￿ 8re
&8 follows..
Rc50urccs Gaitis a]yJ Movcll*nt
losse$
Unrejtrlcted funds
367924
(526128>
(158904)
Endoivment fuDdJ
Endov/melli Fur
{24,313}
(51590)
(75.903)
TOTAL FUNDS
367,924
551141)
51590)
234 8071
Unrestrlcted fwids
Thc unrestricted of the cljarity comprise the W￿pended balatt¢s of donatioLs and grBnts whicll are Jjot
subject to s￿IfiC conditiotts by dorK)rs w)d wnioTs as io bow they tnay be used. These include desigllaied
fvllds which hRve F*en set 88idc out of UDTestri¢ted fil￿15 by the tr￿tr£S forswific puox)scs.
Pa8e 19
continued...

Tht HAyw•rd SAlldfrnD Tru¥t
Notrl tty th¢ FID•lltlAI St#io4tsexts- CODthiued
for theYt*r Ended 31 Marrh 2014
14. MOVEMEKf Th FUhTh. conthilled
olwbich
to ttr¢ Tr￿l Payments to
gervivs to the ￿1￿¢ o
£16.
Pa8e 20