2022-12-31-accounts

LEUCHIE FOREVER FUND REPORT AND FINANCIALSTATEMENTS Year ended 31 D￿ember 2022 Scotllsh Charity No: SCI)46234

LEUCHIE FOREVER FUND CONTEpifs PAGE Page Report of the Tr￿SteeS ReF)Ort of the Independent Examiner Statement of financial activities incorporating the Income and expenditure account Balano Sheet Statement of Cash Flows Note5 formlng part of the financial statements io

LEUCHIE FOREVER FUND Report of the Trustees forthe year ended 31 December Z022 The Trustees havÈ pleasure in submlttlng thelr annual report for the year ended 31 December 2022. The financial statements compty wlth the Charities and Trustee Investment (Scotlandl Att 2005, the Charities Accounts IScotland} Regulations las amended). the Trust Deed, and Actounting and Reporting by Charities- Ststement of Recommended PTrctice applicable to charities preparinB iheir accounts in ￿Cordan￿WIth the Finanaal Reportlng Standard applKable in the UK and Republic of Ireland {FRS 102} (effective l January 20191. OBJECTIVES AND ACTIVITIES Pur The charity Wds set up with the intentlon of the furtheran￿ of the a(fv3￿￿ment of health by enhancing the quallty of Ilfe of people afferted by long term physical disability. including carers, through the promotion of respite care or short breaks for respite purposes, ar￿ the promotion of knowledge and understsnding of long term conditions and of available service5, in order to improve care and support for people affected by long temi conditions and their families and carers and otherwise generally to promote the advancement of health and quality of life amongst people within the United Kingdom, through the support of the work of LeUCh￿ In such manner as the Trustees shall thlnk fit. Aims The Trustfurthers its charitable objects Idescribed above) by makinggrantsto Leuchle. charlty number SC392721 by: Raising funds for agreed revenue and major capitsl projects {such as planned for runnlng costs, major equipment or building improvement),. To act as a gatekeeper foi fund5 raised, releasing them to Leuchie rf satisfied as to the nature of the request: To raise and hold general reserves for leuthie but not for the use of day to day expenditure or minor eapital spend. Activitles During the year the tharity raised funds and madefurther grant awards as detailed below. Grant makin The charity invites applleations for fundin& which are then remewed against specthc crf(eria as set by the Trustees in accordan￿ wlth the charl￿S objectNes. Grants are requested for planned running costs and capital projects which will improve the en￿rOnment and 8uest experience or contribut@ to the longer term 5U5tainability. ACHIEVEMEMfs AND PERFORMANCE The Trust does not engage in ch3rtt3l￿eartIVitIeS directly but meets ltscharhable purposes, and public benefit, by awarding grants to Leuchie. Trustees are pleased to report wFth Covid-19 restrictions lfftingfundraislng events recommenced and raised £122,72712021.. £nlll at a cost of £74.13612021.. £nll}. Grants awarded In the year amounted to £Nil12021: £300,IKJQI-

IEUCHIE FOREVER FUND Report oftheTNstee5 for the yearended 31 December 2022 FINANCIALREVIEW Total Income for the year was £122,852 12021: £13,￿01, with expenditure of £75,036 12021: £3C￿,876) leaving net surplus for the year of E47.816 {2021: deficit of £287.8761. All funds are unrestricted. Grants awarded In the year amounted to £Nil12021: £3LKJ.0001- Support costs amounted to £90D during the yeHr12021.. £8761 but remain low at 0.21% of the c105ing general fund balance (2021: 0.22%). Costs for fundraising events were £74.13612021: £nill. Cash at the bank as at 315t December 2022 amounted to £4(KJ.25012021: £400,125). C105ing reseNes amounted to £447.18512021: £399.3691. Risk Mana ement The Trustees have a duty to identifyand revi@w the risk5 to which the charity is exposed and to ensure approprlate controls are in place to provide reasonable assurance against fraud and error. They have assessed the major risks to which the charity is exposed, in particular those related to the operath)ns and finances of the charity. and are satisfied that systems are in pl￿ to mitigate exposure to the major r15ks. The prlncipal r15ks faced by the Trust are the operational risk from IneffIc￿nt ￿ant making and the rlsk of the capital sum being ineffiaently invested, limrling itsvalue through future donation to Leuchie House. The operational risk of making Ineffective grants is mitigated by ens4Jrlng the Trustees have the necessary ski115 and expert15e to objertively assess each application received. The grant makin8 process involves detailed scrutiny of all the applicatK)ns by all Trustees. Any slngle request will be accompanled by a note of possible future requests. based upon an assessment of need at the time. This will provide the Trustees wrth some opportuntty to prioritise. The Board have agreed that the majority of the funds held will be held in ready cash to enable the Trustees to have some flexibilty. should there be a need to resFX)nd to any urgent request for support. Reserves Poli It Is the policy of the Trustees to Ultimate￿ dislribute the Income of the charity Sn the fomi of grants or donations. At the year end the free reserves of the charity were £447,18512021.' £399,369). The fijnds of the Trurt are Whol￿ unrestricted and are represented cash balances. As the assets of the Trust are held in a readity realisable form the Trustees do not therefore consider It necessary to maintain specific reseNes policy as Ultimate￿ all funds will be dlstributed to Leuchie.

LEUCHIE FOREVER FUND Report of the Trustees for the year ended 31 December 2022 PLANS FOR THE FUTURE The Trustees will continue to consider all grant applications received by Leuchie and to assess them according to merit. There is no internal requirement that a certain proportion of income be expended in any one year. It 15 proposed that further funds be raised to allow SLJPPOrt of Leuchie. The Leuchie Forever Fund and Leuchie House Trustee5 have agreed to consider a merger within 12 months of the signing of the Trustees report. Until this occurs and in the unlikely event of an impediment to merger be uncovered, the Leuchie Forever Fund Trustees have reiterated and strengthened their commitment to continue to support Leuchie. working closely with Leuchie's management to raise fund5 for reserves and major projects. STRucfuRE, GOVERNANCE AND MANAGEMENT Governin document and constitution The Trust is an unincorporated trust, constituted under a Trust Deed dated 13 November 2015, and is recognised a5 a charity by the Office of the Scottish Charity Regulator, charity number SC046234. One Trustee resigned and was replaced in the year. A further Trustee joined in the year. Recruitment and a ointment of Trustees The Trustees are appointed by the existing Board of Trustee5 and the Trust Deed provides for a minimum of three and maximum of nine Trustees. The Trustees meet as nece55ary to agree the broad strategy and grants to be awarded by the Trust and consider other issues such as investment, reserve and risk management policies and performance. TrLJStee Induction and Trainin Since all people interested in serving as a Trustee already have a depth of knowledge of the charity and its purpose, there is no formal Trustee induction and training programme. However, newTrustees are given an informal briefing on the current position by the existing Trustees at the point of joining. Or anisational structure The charity ha5 no staff and is managed at a strategic level by the Trustee5. The basic management and 3dmini5tration of the charity on a day to day basis is undertaken by the CEO of Leuchie House.

LEUCHIE FOREVER FUND Report ofthe Trustees for the year ended 31 December 2022 REFERENCE AND ADMINISTRATIVE INFORMATION Charlty name: Leuchie Forever Fund (known as"LFV) Formerly known asThe Leuchie Endowment Trust Patrons: Princess Anne. Princess Royal Charfty registrati1￿ number: SCCh16234 Prfncip41 office: Leuchie House North Bemck East Lothian EH39 5NT Trustees: Independent examlner. Bankers: The Royal Bank of Scotland 32 Court Street, Haddington EH413NS

LEUCHIE FOREVER RIND Report of theTrustees for the year ended 31 December 2022 Truste￿ re5pons1bl1￿es The Trustees are responslble for preparing a Tnjstees Annual Report and Financial Statements in accordan￿ with the applicable law and United ￿ngdoM Accounting Standards Iunlted Klngdom Generally Accepted Attountin8 Practice). The law applicable to charities in Scotland requires the Trustees. to prepare financial statements for each financial year which give a true and fair view of the 5tste of affair5 of the Trust at the end of the vear and of the profit or loss for the year then ended. In preparing those financial statements, the Trustees are required to: selett suilable aC￿UntIng policies and then app￿1 them consistently; obserwe the methods and principles In the Charities SORP- make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements,. prepare the flnancial statements on the golng concern basis unless r( is inappropriate to presume that the Trust will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasofbable accuracy at anytime the financial position of theTrust and to enable them to ensure that the flnanclal statements compty with the Charities and Trustee Investment Iscotlandl Act 2005 and Charities Accounts Iscotlandl Regulations 21X)61as amended) and the provisions of the Trusvs conrtitution. They are a150 responsible for safeguarélng the assets of the Trust and hence for tsklng reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible forthe maintenance and integrty of the Trust and financial infomiation Included on the Trusys website. Legislation in the Unlted Kingdom governlng the preparatlon and dlssemination of financial statements may differ from le&￿SlatiOn in other jurisdictions. The Trustees confimi that the accounts comply with the above requirements. Approved by the Trustees on 2023 and signed on their behalf: Chair, Trustee

INDEPENDENT EXAMINEIVS REPORT TO THETRUStEES OF THE LEUCHIE FOREVER FUND I report on the accounts for the year to 31 December 2022 set out on page5 7 to 13. Respectlve responslbllities of trustees and Independent examlner The charivs Trustees are responsible for the preparation of the accounts in accordan￿ wlth the terms of the Charities and Trustee Investment (Scotlandl Art 2005 and the Charities Accounts (Scotlandl Regulations 2006 las amended). The charlV5 Trustees considerthat the audit requirement of Regulatlon 10111 lal to (cl of the Accounts Regulations does not apply. It Is my responsibllity to e¥amine the a¢tounts as required under seCt￿n 4411) Ic) of the Act and to state whether particular matters have come to my attentlon. Basis of Independent examinerfs report My examlnation is catrted out in accordance wtth Regulation 11 of the Charltles Accourbts (Scotlandl Regulations 2&J6 las amended). An examination Includes a revlew of the accounting reeord5 kept by the charlty and a comparison of the accounts p￿sented with those records. It also Includes consideration of any unusual items or disdosures in the accounts, and seeking explanations from the Trustees toncernln8 any such matters. Ihe procedures undertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audlt opir7ion on the view given by the accounts. Independent examlnerf5 Statement In the course of my examination. no matter ha5 come to my attent￿￿. i) which gives me reasonable cause to believe that in any material respett the requirements.. to keep accounting record5 in ac￿rdance with Section 44111{al of the 2005 Act and Regulation 4 of the tharities Accounts Iscoilandl Regulations 2006 las amended),. and to prepare accounts which accord with the accounting records and eomply with Regulation 8 of the Charltles Accounts1Scotlandl Regulation5 2006 las amended). have not been met: or to which, in my opinion. attention should be drawn in orderto enable a proper understanding of the accounts to be reached. Ite awwe Chartered Accountants 9 Alnslie place Edinburgh EH3 6AT Date: 2023

iEUCHIE FOREVER FUND srATEmEp￿ OF FINANCIAL AcllvmES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT for the year ended 31 December 2022 2022 2021 Note Income and endovmientsfrom Charltable octivities Donat¢ons Other trading ortivities Fundraising events and sporwrship 125 13,0( 122.727 Total Income 122.852 13,OlJO Expendltwe on Fundraising Costs Charitable ortivities Grants payable Support tosts 74.136 3￿,000 876 9C Total expendlwre 75,036 3￿,876 Net Incomel lexpenditurel and Net movement In fund$ 47,816 1287.8761 Recondllatlon of funds Balance on general fund at 31 December 2021 399,369 687.245 Balance on general fund at 31 December 2022 447,185 399.369 The charlty has no recognlsed gains or losses other than the results for the year set out above. All activities of the eharity are classed as continuing and are unrestricted in the current and previous years. The notes on pages 10 to 13 are an integral part of thls statement of financial activities.

LEUCHIE FOREVER FUND BALANCE SHEEr As at 31 December 2022 Note 2022 2021 Current assets: Cash at bank Debtors 4￿.250 47,835 400.125 448.085 4W.125 Credltors: amounts falll due within ene year 17561 Net current assets 447,185 399.369 Net assets 447.185 399.369 Represented by: Balance on general fund lunrestrictedl 447.185 399.369 Approved by the Trustees on 2023 and signed on their behalf: rd5 eo The notes on pages 10 to 13 are an integral part of these accounts.

LEUCHIE FOREVER FUND 5fATEMEI￿0F CASH FLOWS For the year ended 31 December 2022 2022 2021 Cash flows from operatlngactivities Net cash used in operating activttles 125 1287,7201 Cash flows from investlnga¢ti¥itss Net cash provided by Investing artNtties Change in cash and cash equivalents In the reporting perlod 125 1287.7201 Cash and cash equlvalents at beginning of reporting period 4LKJ,125 687.845 Cash and cash equlvalents at end of reportln8 period 4W.250 400,125 The notes on pages 10 to 13 are an integral part of these accounts.

LEVCHIE FOREVER FUND NOTES ON FINANCIAL STATEME14TS for the year ended 31 December 1022 l. Accounting polides a) Basis of preparation The accounts have been prepared under the historical cost convention with items recognised at costortransaction value unless othewlse stated in the re￿want notes to the accounts. The accounts have been prepared in accordance with the Charitles and Trustees Investment Iscotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 21X>6 las amended), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffertive I january 20191 and Accounting and Reporting by Charities.- Statement of Recommended practi￿ applicable to charitles preparing their accounts in accordance wTrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffertNe l January 2019). The Tnjst constitutes a pU￿1C benefrt entity as defined by FRS 102. Subject to the comments on page 3 "Plans for the Future. the Trustees consider that there are no material uncertainties about the TrL￿5 ability to conttnue a5 a golng concern. The Trustees going con￿rn assessment is for a period of at least 12 months from the date of signlng of these financial statements. bl Income retognition All income is recognised once the tharity has entwuement to the resource, it is probable that It will be received and the monetary value of the resource can be measured wlth suffident reliability. Donations are included in the finincial ststements together with associated gift ald, where applicable, when the Trustees have been advised of the donation with notrfication of both amount and Intended settlement date. Income from other tradlng attivities includes Income earned from fundraising events and spongorship arrangements. Proceeds are recogni5ed as income where there Is reasonable certainty as to their recoverability and amount. Proceeds forevents occurring in future periods are deferred and recognised in the period in which the event is held. Sponsorship Income 15 reco8nised when the chartty receives evidence that wt is entitled to the income. c) Expendlture re¢o8nitlon and irrecoverable VAT All expenditure 15 accounted for on an accruals basis and has been classlfled under headlngs that agg￿gate all cost5 related to that category. Irrecoverable VAT is charged against the category of resources expended for which it was Incurred. Llabllitles are recognlsed as resource5 expended as 500n as there is a legal or constructive obligation committing the charlty to the expendlture. Raisingfunds constst of fvndraising actlvtties. Choritoble activities include grants awarded. direct tharitable activities, overheads and support costs, induding govemance costs. As the Trust does not pro￿de services directly, but by way of Erants to other organisation5. support and governance costs are not allocated against individual grants or donatlons. io

LEVCHIE FOREVER FUND Nm ON FINANCIAL sfATEMENTS for the year ended 31 De￿Thber 2022 l. Accounting pollcles (contlnuedl dl Grants and donations are regarded 35 commltments when the Trustees have approved a request for support that is payable over a financ￿1 yearnd and have wrltten to the beneficlary stating the amount and period over which grants will be made. Where an award includes a condition ou￿1th the charl￿S control the grant is only recognised once that conditlon has been met. If. wtthin the commitment period. a beneficiary ceases or materially adversely changes its charitable operdtion5 or falls to meet anyfunding condition theTrustees would have no hesitatlon in withdrawing their commitment. el Financlal Instruments nancial instruments comprise finanaal assets and financial liabilities whlch are re￿gnised when the charity becomes a party to the contrattual provislon5 of the instrument. They are classified as "baslrf in accordance with FRS102 and are accounted for at the settlement amount due, which equates to the cosL Financial assets comprise cash. Financial liabilities comprise acuuals. Judgements In applying accounting polioes and kry sources of estlmation uncertalnty In the application of the charivs accounting poliaes. the trustees are required to make Judgements, estlmates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associed assumptions are based on historfcal eXper￿nce and other factor5 that are considered to be relevant. Actual results may differ from these estimates. The estlmates and underlying assumptlons are reviewed on an ongoing basis. Reylslons to acto¥Jnting estimates are recognlsed in the period in whith the estimate is revised where the revision affects only that period, or in the period of the revlsion and future periods where the revlsion affects both current and future periods. 2. Charltable grants and donati0TrS The following is a summary of grants paid by the Tntstr. Z022 2021 Leuchle a￿.000 3C￿,(￿o Durlng the year, no12021', three) Erdnts were paid out totalling £nil12021: £3thJ,O&JI. All grants In the current and prevlous year were paid to institutlon5 Wlth no amounts pald to indlviduals. li

iEUCHIE FOREVER FUND NOTES ON HNANaAL STATEMENTS for the year ended 31 December 2022 3. Support costs 2022 2021 Fundraising cost- Her Royal Highness lunch Long Lunch event costs Advertising and marketing costs other sUPPOrt cost5 Bank and platform charges 2.793 49.158 6.128 15.616 441 fjOVernan￿ costs-_ Independent examiner-examination fee 876 75.036 876 As the charity does not provlde services directly but by the way of grants to one organisatkjn, 5UPPOrt and governan￿ costs are not allocated against indNidual grants or donations. 4. Debtors: amounts falliry due within one year 2022 2021 Leuchle 47.835 47,835 S. Credltors.. amounts falllng due vthhln one year 2022 2021 Independent examinatlon 756 756 12

LEUCHIE FOREVER FUND NOTES ON FINANCIALsfATEMENrs for the year ended 31 D￿ernber 1022 6. Net cash oufflow from acti¥ltlos 2022 2021 Net Incomel{expenditure} {Increasel in debtors Increase in creditors 47,816 {47,8351 144 1287,8761 156 Nel cash Inflowl(ouffiow) frorn operatlng act1￿leS 125 1287.7201 Analysls of changes In netfunds: Atl January 2022 Cash flow At31 2022 December 2022 Cash at bank 4￿,125 125 4CKI,250 7. Related Partles Donations totalling £Nil12021: £3LK).IM)I wa5 paid to tsuchie a Charity. which has previously had one common trustee. During the current year Leuchie receNed income of £122,7271£2021.. £Nill and pald expense5 of £74.89212021'. £Nill on behalf of the Leuchie Forever Fund. At the year end £47,83512021: £Nill was due from Leudiie to ￿uchIe Forever Fund. with payment made on 30 January 2023. Trustees, Expenses No fees or expenses have been pèid to the Trustees in the year12021,' £nill- All trustees art gratuitously. 9. Ta￿10￿ As the charity 15 exempt under the tem15 of Section 505 of the Income and Corporation Taxes Art 1988, there 15 no tax charge. 10. Contlngent Ilabllltles The Trustees have indicated to the Trustees of Leuchle that they wlll continue to support that charitable company for the foreseeable future through donations, Subject to sufficlent funding belng available within Leuchie Forever Fund. At the year*nd It cannot be reasonably estimated how much this SUPF)Ort will be, therefore. no proVis￿n has been recognised in these accounts. 13