Charity registration number SC046848 (Scotland)
THE ELIE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
THE ELIE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Charity number (Scotland) SC046848 Principal address 2 Whitecraigs Lawns Giffnock Glasgow G46 6AW Independent examiner Alexander Sloan LLP Accountants and Business Advisors 1 Lochrin Square 92-98 Fountainbridge Edinburgh EH3 9QA Bankers Bank of Scotland Teviot House 41 South Gyle Crescent Edinburgh EH12 9DR Solicitors Holmes Mackillop 109 Douglas Street Glasgow G2 4HB Investment advisors Evelyn Partners 177 Bothwell Street Glasgow G2 7ER
THE ELIE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
THE ELIE TRUST
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report and financial statements for the year ended 31 August 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Trust Deed, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).
Objectives and activities
The charitable objectives of the Trust are as follows:-
(a) the prevention or relief of poverty
(b) the advancement of education
(c) the advancement of religion
(d) the advancement of health; and
(e) the relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage.
The above are achieved by providing funding to other charitable organisations to facilitate health and welfare projects in the United Kingdom and abroad; by providing opportunities for education and educational resources in the United Kingdom and abroad; advancing the Christian faith by the provision of funds for Churches, individuals in full time or part time Christian ministry of any kind and Christian projects of all kinds in the United Kingdom and abroad; by providing property or properties for the use of individuals who are in Christian ministry on a full time or part time basis for accommodation or respite (on short term or long term basis on such terms as the Trustees may decide); by providing funding for health and welfare projects of all kinds in the United Kingdom and abroad (including, without prejudice to the foregoing generality, hospitals, orphanages and other projects providing healthcare assistance and protection of any kind); and generally seeking to relieve the needs of the elderly, the sick, the disabled, the poor and any who are disadvantaged in any manner.
Grant making policy
Grants are awarded at the discretion of the Trustees in accordance with the criteria of the Trust Deed. Grants paid during the period reflect organisations and individuals who are known to the Trustees and in which they have a particular interest.
Achievements and performance
During the year, the Trustees were pleased to award grants totalling £52,250 (2023: £74,900) as listed in note 7 on page 11.
Financial review
Per the Statement of Financial Activities on page 5, the Trust reported Net Expenditure (i.e. a Deficit) and a negative movement in funds of £1,263 (2023 - £67,167 Deficit) after unrealised and realised gains of £90,162 and £1,921 respectively (2023 – combined unrealised and realised gains of £19,907). At 31 August 2024, the Trust had total Unrestricted Funds of £1,072,372 (2023 - £1,073,635), of which £1,039,281 (96.9%) was represented by investments.
Reserves Policy
Given the Trust's infancy (formed in 2016) and anticipated growth by further donations over time, the Trustees are working towards a policy whereby the Trust's annual grants to beneficiaries and commitments to Consultants who help to further the Trust's objectives, will increasingly be part financed by an income stream from the Trust's investments. In light of a change to the way in which the Trust's investments have been managed since Autumn 2023 as further outlined in the following section, Investment Policy, the Trustees acknowledge that achieving this policy will take some time noting that the Trust's Unrestricted Funds of £1,072,372 at 31 August 2024 (2023 - £1,073,635) were acceptable to the Trustees.
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THE ELIE TRUST
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Investment policy
In accordance with the Trust Deed, the Trustees have the power to invest in stocks, shares, investments and property in the United Kingdom or abroad as they see fit.
From the Trust’s formation in 2016, its investments had been pooled in a ‘Fund of Funds’ with an objective of capital growth aided by periodic, significant donations from the Trustees. Since Autumn 2023 and with ongoing advice from Investment Managers, Evelyn Partners, the Trust’s investments have been managed on a discretionary basis with the objective of achieving long term capital growth alongside an annual income yield to help finance the Trust’s grants.
Risk assessment
The Trustees carefully monitor the principal risks faced by the Trust including the security and liquidity of the Trust's investments, the status of applicants and recipients and the receipt of funds allocated by the Trust. The major risk is considered to be a loss in the value of the Trust's investments. In order to reduce the risk, the investments are professionally managed on a discretionary basis.
Structure, governance and management
Governing document
The Elie Trust ("the Trust") was established by way of, and is governed by its Trust Deed dated 25 August 2016 and registered in the Books of Council and Session on 6 September 2016 and Deed of Declaration by the Trustees dated 31 May 2019 and registered on 6 June 2019. The Trust was recognised by the Office of the Scottish Charity Regulator on 19 September 2016 as a Scottish Charity, No. SC064848. The Trust Fund (Unrestricted) was established on 22 December 2016 by a donation from Ian Watson, Trustee.
The Trustees who served during the year and up to the date of signature of the financial statements were:
Appointment of Trustees
Trustees are appointed under the Trust Deed and specifically by a resolution of a meeting of the Trustees. New Trustees are given a copy of the Trust Deed and undergo instruction to brief them of their legal obligations under charity law. Under the terms of the Trust Deed, the minimum and maximum number of Trustees is four and seven respectively.
Organisational structure
The Trustees are responsible for the management and administrative affairs of the Trust and for all decisions regarding beneficiaries. The charity has no employees.
Key management personnel
Given their involvement as described above, the Trustees consider themselves as the Trust's key management personnel, in charge of directing and controlling the charity and overseeing its daily activities. The Trustees serve voluntarily. No remuneration or expenses were paid to the Trustees during the year. Details of related party transactions are disclosed in Note 16.
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THE ELIE TRUST
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Independent Examiner
. is the independent examiner of the charity as the designated Partner of Alexander Sloan LLP, Accountants & Business Advisers responsible for this engagement. The Trustees recommend that he remain in office as independent examiner until further notice.
The Trustees' report was approved by the Board of Trustees.
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THE ELIE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE ELIE TRUST
I report on the financial statements of charity for the year ended 31 August 2024, which are set out on pages 5 to 13.
Respective responsibilities of Trustees and examiner
The charity’s Trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, 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 I do not express an audit opinion on the view given by the financial statements.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(a) which gives me reasonable cause to believe that in any material respect the requirements:
-
(i) to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
(ii) to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;
have not been met or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Alexander Sloan LLP
Accountants and Business Advisers
1 Lochrin Square
92-98 Fountainbridge
Edinburgh EH3 9QA
18/3/2025
Dated: .........................
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THE ELIE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations | 3 | 10,932 | 18,038 |
| Investments | 4 | 16,638 | 3,389 |
| Total income | 27,570 | 21,427 | |
| Expenditure on: | |||
| Investment management costs | 5 | 6,466 | 1,145 |
| Cost of charitable activities | 6 | 114,450 | 107,356 |
| Total expenditure | 120,916 | 108,501 | |
| Net gains/(losses) on investments | 10 | 92,083 | 19,907 |
| Net expenditure and net movement in funds | (1,263) | (67,167) | |
| Fund balances at 1 September 2023 | 1,073,635 | 1,140,802 | |
| Fund balances at 31 August 2024 | 1,072,372 | 1,073,635 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 13 form an integral part of these financial statements.
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THE ELIE TRUST
BALANCE SHEET
AS AT 31 AUGUST 2024
| Notes Fixed assets Investments 11 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Income funds Unrestricted funds |
2024 £ 2,187 59,604 61,791 (28,700) 17/3/2025 |
£ 1,039,281 33,091 1,072,372 1,072,372 1,072,372 |
2023 £ 3,608 116,247 119,855 (2,628) |
£ 956,408 117,227 |
|---|---|---|---|---|
| 1,073,635 | ||||
| 1,073,635 | ||||
| 1,073,635 | ||||
The financial statements were approved by the Trustees on .........................
The notes on pages 7 to 13 form an integral part of these financial statements.
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THE ELIE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
1 Accounting policies
Charity information
The Elie Trust is a registered Scottish Charity (No. SC046848). The charity's principal address is 2 Whitecraigs Lawns, Giffnock, Glasgow G46 6AW.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Trust Deed, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, with items recognised at cost or transaction value unless otherwise stated in the relevant Notes to these financial statements. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees consider there are no material uncertainties about the charity's ability to continue as a going concern. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Donations are recognised when the charity has evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Entitlement usually arises immediately upon receipt, however, in the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Income tax recoverable on Gift Aid donations is recognised when the respective donation has been recognised and the recoverable amount of income tax can be measured reliably; this is normally when the donor has completed the relevant Gift Aid declaration form. Income tax recoverable on Gift Aid donations is allocated to the same fund as the respective donation unless specified by the donor.
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THE ELIE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
1 Accounting policies
(Continued)
Investment income
Dividends are recognised when the shareholder's right to receive payment is established, measured at the fair value receivable. Generally this is upon notification by the investment advisor once the dividend has been declared.
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured or estimated reliably.
Liabilities are measured on recognition at historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. The exception is that certain financial instruments must be adjusted to their present value; these include financial liabilities where settlement is deferred for more than 12 months after the reporting date,
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.
Investment management costs
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes investment management costs.
Expenditure on Charitable Activities
Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to governance of the charity apportioned to charitable activities. The costs of charitable activities presented in the Statement of Financial Activities includes the costs of both direct service provision and the payments of grant awards if applicable.
Grant expenditure
Grants payable are made to third parties in the furtherance of the charitable objects. The award of a grant is recognised as a liability only when the criteria for a constructive obligation is met, payment is probable, it can be measured reliably and there are no conditions attaching to its payment that limit recognition.
Governance costs
Governance costs (which are included as a component of support costs in accordance with SORP) comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include those related to constitutional and statutory requirements, external scrutiny (audit or independent examination), strategic management and other legal and professional fees.
Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
1.6 Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market value. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. Fair value is deemed to be market value.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
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THE ELIE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
1 Accounting policies
(Continued)
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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THE ELIE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
| 3 | Donations | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Donations | 8,745 | 14,430 | |
| Income tax reclaimed on donations | 2,187 | 3,608 | |
| 10,932 | 18,038 | ||
| 4 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Income from listed investments | 16,572 | 3,275 | |
| Interest receivable (on reclaimed Income Tax) | 66 | 114 | |
| 16,638 | 3,389 | ||
| 5 | Investment management costs | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Investment management | 6,466 | 1,145 | |
| 6 | Cost of charitable activities | ||
| 2024 | 2023 |
||
| £ | £ |
||
| Legal and professional | - | 168 |
|
| Independent examiner's fee | 2,700 | 2,288 |
|
| Consultancy fees (Note 16) | 59,500 | 30,000 |
|
| 62,200 | 32,456 |
||
| Grants to institutions and individuals (Note 7) | 52,250 | 74,900 |
|
| 114,450 | 107,356 |
As shown above, Legal and professional costs of Nil and £168 for the accounting years ended 31 August 2024 and 2023 respectively represent fees for advisory services as paid to the Firm of the Independent Examiner, Alexander Sloan LLP, Accountants and Business Advisers.
On 1 April 2024, the Firm of Alexander Sloan started to operate as Alexander Sloan LLP.
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THE ELIE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
7 Grants payable
| Grants to institutions (18 grants): The Keswick Convention Trust Scripture Union Scotland Flame Trust Open Doors Scottish Bible Society For Life Trust Hope for Glasgow The Leprosy Mission Scotland Christians Against Poverty Echoes International Cathcart Youth Ministries Partnership Care for the Family Church Army Growing Young Disciples Al Massira Trust Kids Alive International Others less than £2,000 Grants to individuals (1 grant) |
2024 £ - 1,800 1,200 6,000 6,000 4,800 4,800 300 750 8,700 - 4,800 - 3,300 1,000 1,100 6,600 51,050 1,200 52,250 |
2023 £ 10,000 1,800 1,200 6,000 6,000 4,800 4,800 1,200 3,000 17,200 2,500 4,800 2,000 1,800 - - 6,600 |
|---|---|---|
| 73,700 1,200 |
||
| 74,900 |
8 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. See also Note 16.
9 Employees
The charity did not have any paid employees in the reporting or prior year.
10 Net gains/(losses) on investments
| Revaluation of investments Gain/(loss) on sale of investments |
2024 £ 90,162 1,921 92,083 |
2023 £ 18,132 1,775 |
|---|---|---|
| 19,907 |
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THE ELIE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024
11 Fixed asset investments
| Listed investments £ Fair value (market value) At 1 September 2023 914,961 Additions 164,993 Valuation changes 90,162 Movement in cash - Disposals (134,397) At 31 August 2024 1,035,719 Carrying amount At 31 August 2024 1,035,719 At 31 August 2023 914,961 12 Financial instruments Carrying amount of financial assets Financial assets measured at fair value 13 Debtors Amounts falling due within one year: Other debtors (reclaimable Income Tax) 14 Creditors: amounts falling due within one year Accruals and deferred income |
Cash in portfolio 41,447 - - (37,885) - 3,562 3,562 41,447 2024 £ 1,039,281 2024 £ 2,187 2024 £ 28,700 |
Total £ 956,408 164,993 90,162 (37,885) (134,397) 1,039,281 1,039,281 956,408 2023 £ 956,408 2023 £ 3,608 2023 £ 2,628 |
|---|---|---|
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THE ELIE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 15 Unrestrlctsd funds These are the Lmrestricted funds ofthe charity At1 September 2023 Income Expendlture Galns and At 31 August 2024 General fvThJ$ 1,073,635 27,570 1120,9161 92,083 1,072,372 Prevlous year: At1 September Income Expendlture Galns and At 31 August 2023 G•n•MI fuThJ$ 1,140,802 21,427 1108,5011 19,9J7 1,073,635 16 Related party transactlons Transactlons vthh related partles DuriNJ th• y••r •nd 31 Augu$t 2024. th• Trust r•c•iv•d donat5 of £8.745. without condition$, from relalod partios12023.. £14,430). Cm 26 July 2019. th Trust antwod into a Consurtancy Agrnem•nt CH Music to th8 provision of parti¢ul•r s¢rvi¢¢s to tho Trust by Clfvd H•xton, th¢ tssultant and principal of CH Music. in furtherance of the Tw$t's ¢h•ritabl• o'¢th'vos. Tho Cty)$ult•n¢y Agreoment indudes thè csUItsnt. supporting th• work of Praisè G1thn9 IS¢oth'$h Charity No. SC03977901 and It5 trading su iary. Gathering Music Limitod. Scottssh Company SC332845. Aong wth othw5, Trustee, and are Directors of both onbties. During tho yoar 31 August 20 paid consultancy O to CH Music12023 - £30,000). rais? rus ees On 10 Junè 2024, tho Trust entèrèd into a Consuttaney Agreèmènt, effèclivè from 18 April 2024, with On Axis Ltd Iscotb'sh Company No. SC7092131 whereby On Axis Ltd would prowde p•rti¢ul•r sèrvitÈy to thè Trust in furtherance of Trust'$ thjrilable ots'ective$. The scAe Director of On A¥15 Ltd is The Consultancy Agreement indude5 the undertaking of services by On AKIS Ltd 10 5UPPOrt eac ieso rais• Gathering (Scottish Charity No. SCO39771 and rts tradirv4 subsidiary. Praise Gatherin Music Limited. Scottish Company SC332845. Ajory wrth others. . Trust80, and , are Diroctors of both entities. At 31 August 2024, Accruals pol . Indudgd consullanc7 ,000 which war payablè to On Axis Ltd. a650 DuriNJ the year ended 31 Auwsl 2024, the Tntst provided ffiMncial support of £8.700 12023 - £17,200) to Moshi Christian Children's Centre I'MCCC'I whith. having tharrtable 5tstus, operates In Moshi. Tanzania under e licence from the T8nzanign Soci81 Services De artment. Athou h UK based, Trustee, are. a ong <01 ers In Ic provi es support to c ren an young p8oplo In northorn Tanzania b care, hdistic rovision and Christian love to thosè committad to its care. is currènuy seNing short èm)a J as51S Ing s managenien team in thè dèlivèry ol it5 various s ffinancial support for MCCC was routed to MCCC via the missionary agency, Ethoes Intemats0n. Charty No. 1173851. England ar WaSe5 arHI Scottish Charty No. SC047797, as listed in Note 7. anzania. rustees offerin refu e, safe ministries an services. rus Thero were no other rolated party transactions in Iha repng pericd requiring thsdowra. 13-