The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No: SC044250 Annual Report and Financial Statements For the year ended 31" March 2024 The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No.. SC044250 Contents of the Financlal Statements Page Report of the Trustees Statement of Financial Activili8S Balance Sheet Notes lo the Financial Statement5 4t05 Independent Examiner's Report The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No. SC044250 TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 318T MARCH 2024 The trustees presenl their report with the financial slalements of Ihe charlty for tho year ended 31 March 2024. The Iruslees have adopted the provision5 of Accounting and Reportlng by Charities.. Statement of ReGomrllended Praoti* appli¢able to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the LIK and Republic of Ireland (FRS 1021 (effective 1 January 20191. Administtation Information Charity Name.. Charity Number. Address: Date of regislralion.. Cuffent Trustees.. The Henry Muirhead Family Trust SC044250 19 Elin Walk. Glasgow, G613BQ g September 2013 Secretary l Treasurer.. Pur ose and Charitable Ob'eclwes Principle purpose and objectives of the Henry Mulrh&ad Famity Trust are., Th8 prevention or relief of poveity, The advancement of education. The advancement of health. The saving of lives The advancement of human fights. conflict ￿OlUtion or reconcillallon. The promotion of religious or m¢ial hamony. rhe promotion of equality and diversity. The adVan￿Ment of environnienlal protection or improvemenL The relief of those in need by reason of age, ill health, disability, financial hardship or other di$advanlage. Th& advancem#nl of animal welfare. Achievemenls l Financtal Performanc Tho Charitable Trust oommenced on 9th September 2013. 11 was agre8d that the charitable funds from the °Foundry Trust" under the admlni8lraOon of CAF would be tran8f8rred into the Henry Muirhoad Famity Trust with funds being inv8s1gd to provlde Income and growth. During the year, the TNSI rnade ¢harrtable donation$ of £14,000. Thi8 report was approved by the Trustees on 25 February 2025 and signed on thèlr b6half by.. Pag¢ l of6 The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No.. SC044250 Statem¢nt of Finan¢lal Activities for the ear ended 31" March 2024 Not? Unrestricted Funds Total 2024 Total 2023 In¢om¢ Donations Investment Income £67,084 £31,496 £98,580 £67,084 £31,496 £98,580 £31,208 £31,208 Expendlture on Charitable activities Donations Bank Charges Governance Costs £14,000 £90 £4.893 £18,983 £79,598 £14,OOD £90 £4,893 £18,983 £79,598 £90 £4,881 £4,971 £26,237 Net Income Other recognlsed galns and losses Unrealised gainlllossesl on investments Net movement In lunds £55,075 £55,075 1£42.785} £134,672 £134,672 (£16,548) Recon¢lllatlon of funds Total funds brought forward Total funds carrled forward £941,664 £941.664 £958,212 £1,076.336 £1,076,336 £941,664 Pag¢2 of6 The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No. SC044250 Balance Sheet Note Unrestricted Funds £1,041,040 Total 2024 Total 2023 Inva8tments £1,Q41,040 £888,384 Current assets Cash at bank and in hand £35,926 £35,925 £54,480 Creditors Amounts falling due wf(hin one year £830 £830 £1,200 Net curront assets Total assets les$ current Ilabilities £35,296 £1,076,336 £35,296 £1.076,336 £53,280 £941.664 Funds General fund Total funds £1,076,336 £1,076,336 £1,076,33B £1,076,336 £941,884 £941,864 All funds are unrestricted. The notes on pages 4 and S form an integral part of these aco)unts. Approved by the Trustees ar￿ signed on their behalf on 25 February 2025. Pthge J of 6 The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No: SC044250 Notes to Accounts 1. ACCOUNTING POLICIES Basis of preparing the flnancial statements The financial statemènts of Ihe Gharity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP. IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities 2nd Trustee Investment Iscotlandl Act 2005. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has enlitlemenl to the funds, it is probable that the income wlll be re￿Ived, and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there 1$ a legal or conslruclive obligation commilling the charity to that expenditUTO, Il is probable that a Iransler of economic benefits will be required in selllemenl and the amount of the obllgalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Vwhere costs cannot be directly attributed lo particular headings they have been allocated lo activilies on a basis conslstent with the use of resource8. Investmonts Investments are slated al market value as at 5 April 2024. Taxation The charity is exempl from lax on its charitable activities, Fund accounting Unrestricted funds can be used in accordance with the ¢haritable objectives at Ihe discretion of the Iruslees. Reslricled funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for partiGular restricted purposes. Page4 of6 The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No.. SC044250 2. INVESTMENTS Investment in Hargreavgs Lansdown Venture Fund As at 315l March 2023 Investments liquidated Gain on investments A5 at 319t March 2024 £50 £1 £51 Investmpnt In Close Brothers Shares Market value as at 31st March 2023 Additions in yea Disposal proceeds Gain on investments Market valu9 as at 3181 March 2024 £855,366 £312,066 1£194,4961 £55,074 £1.028,010 Capltal Account Balance as al 315l March 2023 Movement in year Balance as at 3181 March 2024 £28,103 {£21,8691 £6,234 Income Account Balance as 8131sl March 2023 Movement in year Balance as at 31$¢ March 2024 £4,864 £1,881 £6,745 Total as at 31¥1 March 2024 £1,041.040 3. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or expenses paid for the year ended 31 March 2024, 4. CREDITORS DUE WITHIN ONE YEAR 2024 2023 A¢¢ruals 630 1,200 5. RELATED PARTY DISCLOSURES The￿ were no related party disclosures for the year ended 31 March 2024. Page 5 of6 The Henry Muirhead Family Trust 19 Elm Vvalk, Glasgow, G613BQ Scottish Charity Registration No: SC044250 Inde pndent Examlnor's Re For the Year Ended 31 March 2024 Independent Exam5n8r's Ro1)ort to the Trustees of The Henry Mulrhead Farnily Trust I report on the financial statement of the Gharily for the year ended 31 March 2024 and the associated notes. Respective iesponsibilitleb of Tru8tee8 and Examiner The charity's trustees are responsible for the preparation of the accounts In ￿COrdanCe with the terms of the Charities and Trustèe Investment {Scolland) 2005 Act and th8 Charities Accoun18 (Scollandl Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10111 Idl of the A¢Gounls Regulations does not apply. 11 is my responsibility to examine the accounts as required under $edion 4411 } Icl of the Act and lo stale whether particular maiters have come lo my attention. Basls of Independpnt Examlner's Stat9mont My examination is carried out in acc(Kdance with Regulatlon 11 Df the Charities Accounts IS¢otlandl Regulations 2006. An examination illdudes a review of the accounting records kept by the charity and a compaiison of the accounts presented with those records. 11 also includes Gonsideralion of any unusual ilems or disclosuros in the a¢¢ounls and seeks explanations from the Iruslees concerning any such mallers. The procedures undertaken do nol provide all the evidence that woukl be required in an audit and. consequently, I do not expr&ss audit opinion on the accounts. Independent Examlnor's Statement In the course of ry @xamlrkalion, no maller has come to my attenlion:_ which gives me reasonable cause to belleve that in any material respect the requirements- to keep accounllng racords ac¢or(Jance with seolion 44111 lal of the 2005 Act and Regulation 4 of the 20C¢ Accounts Regulations, and to prepare accounts which accord wrfch the accounting records and ¢omply with Regulation 8 of the 2005 Accounts Regulalions have not been met, or 2. to which, in my opinion, attenllon should be dFawn in order lo enable a PToper understanding of the ac¢c)unts lo be reached. TB Dunn & Co Ground Floor (part) Unil 8000 Academy Business Park 51 Gower Street Glasgow G51 1PR 25 February 2025 Pa8¢ 6of6