APPENDIX 1
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_ ‘Trustees’ Annual Reportforthe period =|
Period start date Period end date
OSC fi From 01Day 08Month Year2024 To Day31 07Month 2025Year
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Office of the Scottish Charity Regulator
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Charity name Susan Aitchison Scholarship Fund Other names charity is eae SASF Registered charity number $C044015 Charity’s principal address 68 Stamperland Hill
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Clarkston Glasgow Scotland UK Postcode G76 8AQ
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Names of the charity trustees on date of approval of Trustees’ Annual Report
Trustee name Office (if any) vopadax sacha (orappointboy trustee eo(if any) 1. Susan Aitchison Founder |
- 2 June Alexander Chairman 3 Margaret MacCallum Treasurer 4 Joan Lees
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APPENDIX 1
Reference and administration details
Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period) Name Datesactedacted if not for whole year year
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Datesactedacted if not for whole year year |
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|Structure,|governance|and|management|
|Type|of governing|document|Constitution|
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Trustee recruitment and appointment Friends and/or former colleagues nominated by the Scotland Committee
Objectives and activities
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|Charitable|purposes|To|provide|financial|support|for|people|of the|Lalibela|region|
|of|Ethiopia,|which|will|enable|them|to|begin,|continue|and/or|
|complete|their|Education|
|Summary|of the|main|activities|Use|of|the|web|site|www.susanaitchisonscholarshipfund.org|
|in|relation|to|these|objects|Fund|raising|activities|and|Donations|through|the|ever|increasing|network|
|of|supporters|in|both|the|UK|and|in|Ethiopia|via|Ben|Abeba|in|Lalibela.|
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APPENDIX 1
Achievements and performance
Summary of the main achievements of the charity during the financial period _Details of all the Students and their performance in 2023/2024 can be found on the Charity’s web site in the Founder's Report www. susanaitchisonscholarshipfund.org Susan was again able to get back to Ethiopia in September 2024 but not to Lalibela. The war, still largely unreported, continues and Government troops occupy Lalibela. The Students still are able to study .Again huge thanks to Teshale for keeping the Students in contact with one another and ensuring that the Fund money is properly disbursed. 5 Students will graduate from University in July/August, 2 from College and 1 has decided to work rather than attend College. We will be supporting 42 Students in the new session having taken on 2 new students. The latest Annual Report will show a breakdown of all the Students so far supported by the Fund.
Financial review Brief statement of the charity’s policy Since the Fund supports a student for the duration of their education from on reserves their point of acceptance onto the Fund the financial commitment to|each student may be for 5 years or more. New students are taken on once the Fund’s reserves are considered to be sufficient to meet such a commitment. Details of any deficit Thanks to the ongoing support of many fund givers and raisers we are able to continue support of our Students. Fundraising activities are slowly coming back. Due to the ongoing war the value of the Birr has fallen dramatically and as a result we have again increased the sum being given to Students and to our administrator Teshale.
Donated facilities and services (if any) | None
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APPENDIX 1
Other optional information
Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) June M Alexander
Position (e.g. Chair) Chairman
Date 14/04/2026
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The Susan Aitchison Scholarship Fund
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Statement of Receipts and Payments
For the year ended 31 July 2025
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|2025|2024|
|£|Birr|£|Birr|
|Receipts|
|Donations|8,601|7,627|86,477|
|Gift|Aid|recovered|from|HMRC|723|
|Transfer|of|funds|from|UK|1,346,880|187|839,772|
|Bank|interest|300|84,348|
|Total|receipts|9,624|1,431,228|7,814|926,249|
|Payments|
|Payments|to students|1,150,300|1,030|679,700|
|Transfer|of|funds|to|Ethiopia|9,030|12,015|
|Bank|charges|216|216|
|Administration|costs|136,748|89|340|
|Total payments|9,246|1,287|048|13,261|769,040|
|Surplus/(Defecit)|for|the year|378|144|181|(5,447)|157,209|
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Payments
The Susan Aitchison Scholarship Fund
Statement of Balances
As at 31 July 2025
| 2025 | 2025 | 2024 | ||||
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| £ | Birr | Ee | Birr | |||
| Balance of funds at 31 July 2024 | 24,618 | 195 683 | 30,065 | 38,474 | ||
| Surplus/(Deficit) for | the year | 558 | 144 181 | (5,447) | 157,209 | |
| Balance of funds at 31 July 2025 | 25,176 | 339 864 | 24,618 | 195 683 | ||
| C”C————————_—————SS===[[=={=x | —Ki—=—#£—~—<~S$c<£< —&_{ |
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| Represented by: | ||||||
| Halifax account | 781 | 591 | ||||
| RBS Treasurer's account | 7,643 | 11,322 | ||||
| RBS Business account | 16,752 | 12,705 | ||||
| Commercial bank of Ethiopia | 339 864 | 195 683 | ||||
| 25,176 | 339 864 | 24,618 | 195 683 | |||
| Total assets in£ Sterling | ||||||
| UK bank accounts | 25,176 | 24,618 | ||||
| Ethiopia bank account | 2,124 | 1,998 | ||||
| 27,300 | 26,616 | |||||
| Compiled and verified | by: | |||||
| MargaretMacCallum | A HacCola | |||||
| Treasurer | ||||||
| IsobelMacQueen | t.dae | Z. | A leceLduem | |||
| Verifier | ||||||
| Date | QQ.J. | QOAE |
APPENDIX 3
Scottish Charity Regulator
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Independent examiner’s report on the accounts
trustees/membersReport to the of CharityThename SuSein Ailchisen. 3 Scho; larshi - p Fuacl_
Registered charity SCO 440/S |
number |
On the accounts of the Period start date Periodenddate
charity for the period Day Month Year Day Month Year|
to —
O' OS 2044 3I 07 AOIAS
Set out on pages (remember to include the page
numbers of additional sheets)
Respective The charity's trustees are responsible for the preparation of the accounts in accordance
responsibilities of with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the
trustees and examiner Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees
consider that the audit requirement of Regulation 10(1) (d) of the Accounts 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 My examination is carried out in accordance with Regulation 11 of the 2006 Accounts
examiner's statement Regulations. 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, | do
not express an audit opinion on the view given by the accounts.
Independent examiner’s __|n the course of my examination, no matter has come to my attention [othertharthat
statement diselesed-orthe-attachpag e ”)d
1. which gives me reasonable cause to believe that in any material respect the
requirements:
to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations, and
to prepare accounts which accord with the accounting records and comply with
Regulation 9 of the 2006 Accounts Regulations
have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper
., understanding of the accounts to be reached. _ |
Signed": Uschi’ C. Wace (Quer Date: WJanuey IA,
Name: IsogBeL =mMACQUE TCH 4
Relevant professional
qualification(s) or body Ry Sx
(if any):
oe S$ CRomALT CRESCEW T
REARSD EN
GLASGOW Gol URX |
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*Please delete the words in the brackets if they do not apply. If the words do apply, set out those matters which have come to your attention on the following page.
*“OSCR will accept digital or typed signatures.
APPENDIX 3
Disclosure section
Only complete if the examiner needs to highlight material problems.
Give here brief details of any items that the examiner wishes to disclose