Helen Main Charitable Trust (Charity Refr. SC044545) Report and Accounts for the year to 31st March 2025 Contents Referen and Administrative Inf(rn3tion Report by Trustee ReFXIrt by Indepeent Examiner Accounts Notes to the Accounts ApndICe$ TekrtrtY.. 01334 477107 Fax.. 01334 476862
Helen Maln Charitable Tr46t Reference and Admlnlstratlve Infomatlon Date/Manner ofAppryntment Han of fntstee Thorntons Tnjstees Ltsf sc150062 Assumed 14.10.2016 A list of current cffiors C iE fourrl at cOmpanE House SC044545 Agents anLIAdmini&trators for the Trurt(andpnnc1paladdre of the Thorntt)ns LLP, Kinbum Castle, St Anorews, Fife KY16 90R Ind ndent Examiner enders & Co, Clthey H(MJse, 149 Market Streel St ArKlrews, Fife KY16 9PF Thorntons Investment Mana&Ement Lté, Whitehai Fknjse, 33 Yeaman Shore. Tr1ee DDI 4BJ IVom•nee Company Lawshare Nomiw Ltd. or such otr rmIre r[Y as A J Bell Securibe5 moy wint Royal 8ank Scotland, 3 Hith Sireet, Dundee
Helen Main Charitable Trust Report of the trustee for the year to 31st March 2025 The trustee presents the report and accounts for the year ended 31 March 2025. The report and accounts have been prepared in accordance with the charity's trust deed and with the accounting policies set out on page 10. Constitution and Objects Charitable Trust established by the Will of the late Hden Grant Main datsd Ig April 2010. The Trust was granted charitsble ststus by OSCR on 19Lh ()ecember 2013. The purpose of the twst is to promote and provide benefit to the resicknts community in general in Crail and the East Neuk of Fife. Appointment of Trustees Trust5 are nominated ty the then existing trustees and their appointment confirmed by a fomial Deed of Assumption Trustee induction and training The charity has procedures for the induttion and training of any new trustees. This includes awareness of a trustee's resF()nsibilities, the governing dccument, administrative w0dUreS, and the history and philosophical approach of the charity. A new trustee will receive copies of the previous year's accounts, minutes of recent trustee Mting5 and a copy of the OSCR booklet"Guidance for Charity Trustees" if appropriate. Trustee Interests Thorntons Trustees Ltd is a nominee company administered by Thorntons Law LLP. Thomtons Law LLP prowde administration services to the charity as detsiled in the sthedules to the accounts. Oryan15atlon The day-to-day administration is carried out by Thorntons Law LLP as agents for the charity. The directors of the nominee company trustee meet regularly to review all aScts of the charivs affairs. Risk Management The trustee has assessed the major risks to which the charity is exposed, in particular those related to the operations and finan5 of the trust. and is satisfied that systems are in place to mitigate exF#Jsure to those risks. Actlvlties and achievements Durtng the year grants totalling 122,945 (2024- £14,500) We made in furtheran of the ststed ob]'erts of the charity. Financial Position and Reserves Policy The results for the year are set out in the ReIpts and Payments Account on page 6. There was a deficit for the year of £962 (2024 - Surp/ of £2.765J. The trustee5 expect the investment income to increase, however any shortfall can be covered by the sale of investments, with the trustees continuing to review the sitIOn. The reserves of the charity originate from the original capital bequest, together with the movement in the value of investments, and accumulated revenue. The trustees have adopted a reserves rK)licy that ensures the continuing ability of the trust to meet its object¢ves. The level of free reseNes held at 315t March 2025 was £227,634 (2024 - £247,719). The movement ID the revenue resetves Is shoNn at schedule 5
Helen Maln Charitable Trust Report of the trustee for the year to 3151 March 2025 {cont) Investment Pdicy and PerfOrnn There are no re5tn"ctths In the tked on the tree5. to invest. p)Ilcy Is, bng tem, to adopt a m&lum rtsk investment strategy* induding equty iThe5tments, to produtt a balance of irKome and capital groyrth. The value of the investment wrtfoli) was affetted by yobal uncertainties. Nevertheless, the Trustee is confidait that the vaue of the investrnents v4ill recover liven tre long temi 5traty a&)rted. No changes are currently onMÉag•d to pSici•É and aFprcsxh oulinthj ab. Approved lry the Trustee: ILS for Thorntons Trustees Ltd
Helen Maln Charitable Trust Independent Examinerfs RepLrt to the Trustee of Helen Main Charitable Trust I pOrt on the accounts of the chwity ft)r the year to 31X Marth 2025 whth a set (Jjt on pajes 6 to 10. Respective responsibilities of trustees and examlner The chaivs trustee is respcKsibk fDr the prewattin of the COUnts in cOrdartt with the terms of the Ckorities and Tmstee 1ntrThent (Scotland) Act 2C(15 and the Charities Accounfs (Scoand} Regulations ?OC6 (as amended). The charity trustee considers that the audit requirc&ment of Regulation 10(1) (a) to (c) of the Accounts Rewlations does not apply. It is my responsibilty t,) examine the acc¢JJnts as required urMJer Stion 44(1) (c) of the Act and to stste whether particubr matters have co1 to ry attffition. This rep)rt is na( to ttE tnjstee, as a Ixth, in a(dan T•Yitn the t2rrns cf my engaJemerL My wc¥k has been unthrtaken so that I might state to the trustee ttrse mers l am required to state to the trustee in * irdeperdent examiner's report and for no other PLfp05e. To the fvlle5t eKtent pemitted by Èw4. 1 do not £ert or assume rnsIbIlty to anyone other than the charity Pd the trLStee for my work or for ths rewrt. Basis of Independent Exam$ Statemert My eYaminati¢M is carried out in acctsrdan with Regulati¢)n 11 of the Charities kcounts (Scotland) Regulaton5 21I)6 (as amended). An examinab.on indudes a review cfj the accountir¥J records kept by the charity ènd a corrpari50n of the Hjnts presented vlith th05e record5. It J150 irKJude5 considerati1 any unusual items or disdoiufes n the accounts, and seeks explanations from the trust cOeming ary 9Jch matters. The pr(Kedures undertaken do not provide all the evidence that would be requi-ed in an audit, and consequendy I do not express an audit opinion on Mew given by the accowts. Independent Examinerfs Stateme In the cwrse ¢5 mi examination no ffotter Pkls corne to my atttittion: wch gives me rerOble cause to telieNE that in any m&eral resPKt the reqUIren. to keep accounting records in with Se(tion 44 (1)(a} of the 2x15 Art Regulaticm 4 of the 20( Nccwnts RegLlatK)ns, and to prepare accounts which COrd with ttE accwnting records and compw with Reguk3ticrf) 9 of the 2006 Accwrts Rewlatiofs F¥3ve nrt Len rTrt or to whch, in my op"nic¥), attention shwkl be drawn in order to enable a WOFer unthr*aTrJing of ts xcounts to be reKhed. Menaersoll L51acK & LC CharLred AccoJntsnts 149 Market Street St Andrews Fife KY16 9PF 0811W29S55
Helen Main Charitable Trust Receipts and Payments Accourt for the year to 31 Marth 2025 2025 2024 Receipts Investment irorne 8,401 8,571 Sale of investments Total receipts Payments Charttable tiVitieS 26.750 17,800 Governance 4,332 4,032 Costs of generating furKts 121 2,076 F4Jrchase of investments 45.985 15,368 Totsl payments (Defiot)/rpIuS for year 962
Helen Main Charitable Trust Statement of Balances as •t 31 March 2025 2025 2024 Ca$h on d•poslt and on hand OperHng babn (Defiat)ISurplus for 12,857 962 10,092 Closing balance Reserve5 Unrestrlrted FdS Investments As vaued at 31.03.25 217 095 236 182 HtstoriGI ccsts of Investments £205,494 (2024 £217,028) Estimated Liabilities as at 31 March 2025 Thorntons Law LLP, adminlsrravon fees Henderw) Black, Indepdent Examination fee 600 756 60) 720 356 All furKls are unr*itted Appmved by the trustee: ?sl,,Izi for TtrKJrntQll5 Tru5tee5 Lttl
Helen Main Charitable Tn Accounts for the year to 31 March 2025 2025 2024 Schedule I Investment Income Dividends and interest, per Thcntons Inv6thnt Ltd DepJ51t interes¢ per Thomtons Law LLP 8,343 58 8,525 46 2025 2024 Schedule 2 Charitable Activiti Grants paid in year 24945 14,5CKI Suprort costs (per khedule 3) Schedule 3 Support costs 2025 2024 Charitable ties Goveman Tttorntons Law LLP. administrati fees 3,300 3,300 "East Neuk The Editson" _ IAIverknn9 fee 205 Henderson Black Independent Examination fee 732 732
Helen Main Charitable Trust Accounts for the year to 31 March 2025 Schedule 4 Costs of Generatlng Funts 2025 2024 Thorntons InveStEnt Management Ltd, pytfdio ManrTtt fees A majority of the shareh(Aders in Trnt5 Investmt Marwynent Ltd are member Thomtons Lwi LLP. Schedule 5 Ststement of Revenue balan as at 31.03.25 2025 2024 Income received in year 8,401 8,571 Grants paid to beneficiaries SupF()rt costs (22,945) (14,500) Deficit for year (18,349) (9,229) Balan as at 31.03.24 Balance as at 31.03.25
io Helen Main Charitable Trust Accounts for the yoar to 31 March 2025 Notes to the Accounts and General Notes regarding Financial se15 and Markets Act 2000. Law Society Rules and related matters l. Accountlng Polkles 1.1 Basls of Accounting These accoJnts have been Fffepared a Rtreitts arJ basis Ni accordan the Qwities & Trustee Investment (Scotland) Art 2005 and the arrtIeS Accwnts (ScotlwKJ) Regulatior6 20[ (as amethj). 1.2 Taxation The tharty is exgnpt from tax 1me aThJ gains aK31 legi51ati(È to the extent that th&e are applred to its charitab objectives. 1.3 Cash Flow Statement The charity is entitled to the exanptKKs a¥aab the Chantts kcwnts (k(thnd) Regulatiors 2(KJ6 (as amended) and is not required to prepare a Cash Flow staterrt. 1.4 Fund accountlng All of the charity's funds we unrestrKted. LknrestrKted fuThls are tIK)se fu15 vthKti the Tnts Ive free to use for any purpose in furtherance of the Chantab cWr¥es. 2. Investment Managers The trustee approves the continuoy OPIntment (f InveSt Managers as detai*d in the Rep)rt of the trust in these Accounts, and on the same basis as ccffitained in the Invtmt Trnancial Tem c( Business AgreeMt ojrrendy in force. 3. Independent Examiner The trustee atproves the ccrtnLkYJ a[ntn crf the Inde[¥t Examiner as detaibj in the Rewrt of the trustee in these Accounts. 4. Nomineeship The trustee approves the ap[x)intt of the rKxnIn company a5 in Raen and Admini5trdb"ve Information secb.on in these Accounts to continue to h)Id certain or all of Invest$ OW ty the t. that on the same basis as contained in the InveStmt and Fnanoal SeThKes Terrrs c( &siness Agrert cutlY f¢. 5. Employee& Trustees and Remunerati The charity had Th) employees duriro the year. No expenses weye mbur5ed to the trust {2024- NAJ. of £12 {2024- £6.rtVJwwe pa to Thorrtons Law LLP, who administer ThcrtOr Trustees Ltd.
IIIL.5Iq• iJ¢L.5Jg1 LIOI1.45 crurtetytriffl¢tswZ ii.s?.s &45JA .p) 7.*14J 7.W.10 Wor phi Ir¢ IYYP.67 IFJ5J. 4Jps 74 ISJ55.y4 L32 TIL41 11rt8.Q7 21.658.78 Q5rffj.6] LF.4LK J7.414W Jl797 7.976 57