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 year*nd 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 associ*ed 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