The Rooney Plastic and Reconstructive Surgery Trust Trustees. Report and Financial Statements Year ended 31 August 2024 Charty no. SC043823 Tho Roonoy Plastic and R8con8tructlV8 Surgory Trust Year 6nd8d 31 August 2024 Contonts Po99 Lggal and Admini¥trotiv¢ Information Rèport of th• Tru8tè&8 R?port of tho Ind8penden¢ Examinor Statsmont of Financial Activiti08 Balance Sheet Noto8 to the Financial Statsm8nt8 The Rooney Plastic and Reconstructive Surgery Twu¥t Year Ènded 31 August 2024 Legal and Admln18tratlvo Inforniatlon Tru&tO0 S•cietary Scottish rhafity numbgr SC043823 Addr￿$ Department of Plasoc Surgery St John'5 H05pitsI LI￿ngStOn West Lothian EH54 6PP Bankor8 Barclays Bank Hc Mayfair 18tsnhope Gate London W1K 1AF Inve¥lment Advi¥or¥ Bardays WeaNh 11 Melville Crescent E¢Jinburgh EH3 7LU Ac¢ounthnt¥ David Marshall Assoaales CBC House 24 Canning Street EdintAJrgh EH3 8EG Pagg 1 Tho Rooney Plastic and Reconstructive Surgery Tru&t Yoar 8nd8d 31 August 2024 Roport of the Tru$tO89 The Trustees pres&nt their report for the year ended 31 August 2024. Objectives The objectives of the Trust are for the benefit of the public to promote research into the treatment of burns and research into plastic surgery techniques The results of such research will be disseminated to th& public. The Trusfs obj&ctlV&S 811uN for such other Charitab￿ purposes as are Incidental or conducive to the attainrnent of the primary objectives. The Trust was established in 1997 under the terms of the Will of Mr William Roon&y who died in 1995. He bequeathed the residue of hi5 e5tste for the al￿Ve objective5. In 2012 the Trustees decided to dissolve the Trust and reconsb.tule rt In order to simplify administrative procedures On 1 Octob&r 2013 all of the assets and Iiabilrties were transferred lo The Rooney Plasti¢ and Reconstructsve Surgery Trust a Scothsh Charrtable Incorporated Organisab"on la SCIOI. Tru8t888 The Trustees are narned on page 1 of these financial 5tateTnents. The Trustees hold office foi lrfe unless they become physically or ment8lly Incapabl& In which c8se they shall retire as a Truste& or be deerned to have retired and any one of thetn shall have the power to resign. In the event of the dealh of any Truste8 8nd any Trustee reS￿nIng hislh8r appointment or for any rÈ8son being un8￿￿ to continue acting as a Trust88. the remaining Trustees shall have the powerto appoint any person to the Offi￿ of Trustee whether by nomlnatson or ele¢lion. The Trustees meet several times each year and eonsider investment adwce trom the investment adwsor and to consider applKations foi award5. The Trustees have appointed a chartered accountant to rnaintain the accounting iecord5 of the Trust 8nd to advise them of th& finances of the chanty The Trustees also re¢eive regular reports at their meetings Dn U)ose matters whkh have an Impact on their duties as Trustees. ApplICat￿n$ for awards are inwted and reviewed by the Board ofTruste88. The Trust88s decide on the outcome of the applit8tion and in some cas&s may ask for relevant information or opinions from qualified third parties. in oiderto reach their d%i510n. Awards are m8de when the Board agrees that there Is sufficient merit in the applic8tion and Ihat rt Is in Ilne with the objectives of the ¢harty. Fln8nclal Revlèw Thè Incoming resour¢&s for the year amounted lo £012023.. £01. Resear¢h grants totslling £3.000 12023." £0) were awarded during the year. and Operating expenses weie £2,571 12023." £2.4571. Investment gains for the yearwere £45.90712023.' £7.4021. The net surplus for the year was £40.336 12023". £4,945). Pag& 2 R8port of thè Tru8tsè8 cont... Ro8orvo8 Policy Tne fflajorrty Orthe Fun¢TS assets are inve$ied in a raThJe of equi￿e$ and government socurilies. Investment decl￿¢nS ere taken on the advice of Barclay5 We8llh. Investment Advisors. The policy is for a moderate to higher iisk investment policy wrth aim of maintaining thè caprtal value of the ￿nd In wl iemis ané producing an In￿me Ihat can ￿ used t¢ SUPkkYt suiiable woje¢is The Funds are now invested in accumuLqtion funds wth BarcLqys We811h Any divk1end and interest Incrffie is relnvested In the thnd and Iherefore Is Includ&1 In the Investment gains figure shown In the St81ement of Financial Adiwties on page 5 of the accounts. Over the years the Trustees *)deavour to spend the Income from the fund on sultable projects consistentwith Ihe Trusfs aims. The TNslee5 airn to continue wilh IhB policy and are actively seeking Suitab￿ propcts. Fun(ts There are rKJ ￿$triCted funds and the balance on the free fuNJs Is ayallable to the TNstees to uollse In rurtherance ollhe Tru51'5 objectnie5. R8lat8d Parth8 The Trustee5 are the onty relth partEs and there are no rdated paty trar￿actionS Tru8leo8' R08pon&ibiliti08 Charty law requires the Trustee5 to prepare accounts for each financial year. whKh give a Iwe and f&r vlew of the slate of affalrs of Ihe R￿neY Plastic and Raconsttuctive Surgery Trnst and of the Incomlng re50urce5 and resources expended by Ihe Trust fvi Ihal In pieparing those accounts the Trustees 8re required lo.. - select sutsble accounbng policies and then apply Ihem consislentty - make ju(Jgements and esbrnate5 Ihaf ar8 reasonable and prudent - prepare the accounts on the going concern basts unless rt Is deerned lnapyop￿ale. The Trustees 8re responsiNe for keeping proper accounting records. which disclose with reasonabLg accuracy at any the finantlal poS￿10Th of the Trust and to enable them to ènsure thatthe accounts cornply wth Tts Deed of Twsl. the CharitEs and Trustee Investmenl Iscotlandl Act 2005 and the Charrties Accounts Iscotrandl Regulatons 2006. They 8re 81so responsiNe for s8fe gu8rding Ihe assets of Ihe Trust anl hence fortaklng r￿Sonab￿ sieps lor the p￿vent￿n and dete￿￿￿ of fraud and other ittegulatth'es. BY ORDER OFTHE TRUSTEES PagD 3 Th• Roontty PIM8tie and R•eon#truetl¥• Surg•ry Tru#t Y•ar ended 31 Au9U8t 2024 R•port ofthè Ind•p￿d￿nI Examinèr to th4 Trn*tèè We rewrt on the accounts ol tr)e Rooney Plastic Surgery and Re¢oThstfuctlve Surgery Trust for the year ended 31 August 2024 whlth are sèt out on pages 5 to g. Ro8P8Ctivo re8pon8ibilitie8 of TN8ts88 and Examiner The charity 5 trustees are re5tK)nsible for ihp wepatation Df the accoutts in accordance With the terrns of th8 Charrtl8s and Tiustag Investment ISL¥JUandl 2005 Act and Ihe Chairt￿S Accounts Iscotlandl Regul8lions 2006. The d)arlty trustees conskyer that the audit requirement ol Regul8t￿n 10111 lal to Icl of the AcuJunls Regulat￿n5 does not apply 11 is my responsibl1￿Y to examlne the accounts as requlred undÈr secyon 44111 Icl of the and to State whether particular matters have c￿rne to rny attenfi'on. Ba$ls of In(1opondont •xamlner'6 Statomont Our examinabon ￿ Carried out In accordfjnee wrth Regulabon 11 of the 2006 Accounts Regulat￿￿5. An examination Inclu¢Jes a review of the accounting recoids kept by the i*arty and a coTnpari5Dn of the accounts presented with those iewrd5. tt a15D includes cOn￿dera￿ or any unusual item5 01 disclosure5 in the acLyJunts. and s88k5 explanations Irom the ttustee5 tontèrnlng any suth mattèrs. The procedures undÈttsken do not provlde all Ihe eV￿enCe Ihat would be required in an audit. and ￿nsequentlY we do not express an oudrt opinion on the given by the accounts. Independent exarniner'g ¥tatement In the course ofour examln81ion, no mallw has come to our attent￿n whlch gfves Us le￿nab￿ ￿USe to believe that in any materi&l rEspect the requiietnent5." l. lo keep accounb.ng recorts Sn accOrda￿e wfth sedon 44111 lal of the 2005 Acl and Regulalon 4 of the 2006 Accounts Regulab'ons. and to prepare accounts which accord with the accounting records and comply with Regulation 8 of the CharrtEs Account5 (Scolandl Regulab'on5 2006 have not been Tnet. or 2. lo which in our opink)n. attention should be dra￿7 in orderto 8n8ble a proper und&rstsnding of the accounls to be reache¢. Edinburgh Dal¢= 17 May 2025 Pauo 4 The Roonpy PlTrstic and Rfjwnstructi￿ Surggry Tr￿t Stat•mont of Finan¢lthl A¢ti¥fjfj•$ for ¢hoy8ar ontl•d 31 August 2024 Yèar to 3110BI24 y￿rI 31108123 Not05 omin Tgsour Incoming resources fvom generaiod lund5= InveStn￿￿t income Interest income Total incoming T￿OurCeS R8sources ex endèd Charitable doDalion8 Co$1$ tsfgener¥tiw funds Goveman* co#$ 1.371 1.2Th) 1.317 1.140 Totsl re50urc85 gxpermlwd 5.571 2.457 Mei inmming resour￿S befor• other reco9nised gainslllosses) 15,5711 12.4571 Inve51m?nt gains Ilby&es1 45.907 7.402 Net movement in funds 40.336 4.945 Rbconciliatitsn of funds Totsi funds brought fo￿ard 463.909 458.984 Tottyl fur Tho notes on wes 7 to g forni part oftho Financial Stat8ments Page 5 Thg Roonoy Plagtic and Rgcongtiuctiva Surgèry Tiugt Balanco Sh00t a8 at 31 August 2024 Note$ 3110812024 31108120ZJ Invg8tmont 483.080 438,544 Current assets Bar* ￿Count 27.866 27.866 Credltors-. 8mouni$ falllng due within one year 11.421) 12,5011 Nat curront a88Ot8 21.165 25.365 Not a880ts 504.245 463,909 Accumulatsd fund8 Unr881ricted fund8 Gener81 funds 504,245 463,909 Approved by the Trustees on l?.1*.206 and sgned on Ih*r behaw by.. Dale". 17 Moy 2025 Th6 not88 on pago• 7 to 9 fom) p•rt of ihe Fln8nclal Stai8ment• Pago 6 ThB Rooney Pla&tic and Recon&tructivg SutgBry Twu81 YaBr ended 31 August 2024 Not88 to th8 Flnanclal Stat8mont$ 1 Accounting policies 1.1. Accounting ￿nventIOn The financial slatem&nts are prepared under the histrJric81 cost convenb"on. with exception of investments which are included al market value, in accordance wlh the Charities and Trustee Invesltnenl (Scolandl Ad 2005 the Charities Aecounts IStotl8ndl Regulations 2(M16 and all atcoun*"ng standards including the Ch8ri1i&s SORP"Accounling and Reporting by Charib"es.' Statement of Recommended practi￿ applicable lo charities preparing their accounts In accordanTr with the Financial Rewting Standard appliCa￿e In the UK 8nd Republit of Irdand IFRS 1021" leffÈLtivÈ 1 January 20191. 1.2 Income Recognition Income from Investments is reinvested in inveslnEntfund by the investment manager. 1.3 Incotning rtrtsourca$ VrAuntary income is rettonised when receivab￿. Investment incowÈ is credited upon receipt. 1.4 Resou￿0# oxpondod Resources exwnded are Included in the statementoffinanci81 aCtiVrt￿ on an acuuals b89s. Inclusive of value added kxwhich cannot be reiy)veied. 1.S Giants awarded The Trustees rfftet on a regular basis and all gr8nl applications are conside￿1 and must mply with the stated otyectives of the Charity. 1.6 Investmetbts Investmen15 ale stated at Tnarket value al the balance sheet date. The 5taternentof finanaal actiwlies indudes the net gains and bsses arislng on revaluab"on$ and dlsposals throughout the year. In order lo spread any Investment risk to the Trust's assets the Trustees also maintain a balance of funds In an interest bearing bank a¢a￿nI. 1.6 Unrèstrkt8d ganoral fund8 These are fvnd5 which can be used in accordance with Charitab￿ objects atthe discretion ofthe TtU5tees. Pa￿7 The Rooney Plo8tic and Recongtructivg Suigery Tru$1 Yèar ondad 31 2024 Not68 to tho Flnancial Stai8ments Icont'dl 2 Charithb10 dongtions 3110812024 3110812023 Research giants 3,Oc￿j 3.OCN) 3 C08ts of ￿n￿rating fund& 3110812024 3110812023 Inveslrnents - Managementfees 1.371 1.317 4 Governanco cost 3110812024 3110812023 Accwntsn Legal fees 1.2tM) 1.140 1.2tM) 1.140 5 Inv88kn8nt gain8 3110812024 3110812023 Market value 8t start of ye8r Additions at cost Disposals Inve5trnent gainslllossl Matket value at end of year 438.544 457.459 11,3721 45.907 483.080 ,1301 7.215 438,544 HSstorkal cost at year e 356.388 349,277 8 Croditorg- amourts falling du8 within ono yoor 3110W2024 3110812023 Chantable grant Accrued charge5 1.421 1.421 2.501 2.501 Pag8 8 The RooTrBy Plastic and Reconstructive Surgery Trusl Y8ar ondod 31 Augu8t 2024 Notsg to Ihg Financial Statomgrts Icont'dl 7 Fund8 At 1Sopi Incoming R880ur¢88 Invt8tmont 2023 R&sour¢88 Exp•ndod ILossyGain At 31 Aug 2024 General funds 463.909 5.571 45,9)7 .245 Th&trust has no restricted funds. 8 Relatod partl68 Therewere no tran5aLtionswith ielated pattie5 during theyeai. 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