2024-11-30-accounts - The Good Works Company

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THE GOOD WORKS COMPANY (SCIO)

Report and Financial Statements Year ending 30 November 2024 SCIO number: SC046947

The Good Works Company

Report of the trustees for the year ending 30 November 2024

The trustees are pleased to present their annual directors’ report together with the consolidated financial statements of the charity for the year ending 30 November 2024.

The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, 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).

Chair’s report

2023-2024 was a pivotal year for the Good Works, with our income growing significantly as a result of investment last year in our capacity to raise and manage funds. We have chosen to strategically increase the number of partnerships with charities we have to a record number, and seek to continue this in future years.

We are pleased to see the continued positive impact our donations have made in supporting communities. Our multi-year partnership to invest in mental health support for children has seen new research, support techniques, and enabled more children and young people to access vital services. We have explored partnerships in new areas, including music and the arts and animal welfare, and continued to support those who need it most through appeals and emergency support, such as in Ukraine.

We will use this momentum to continue to grow our available funds, and find new charities and projects to support.

Chair

The Good Works Company Report of the trustees for the year ending 30 November 2024

Our purposes and activities

The purposes of the charity are to provide funding for individuals or organisations whose work is deemed charitable. Achievements for the financial year 2023-2024 include:

Providing the second instalment of £100,000 to the Anna Freud Centre to support their work on helping children with mental health problems. This partnership is our first multiyear grant which will last for a period of three years.

Supporting new organisations, new causes and forming new partnerships, including with Salford Cathedral, Naima JPS and Little Bear Sanctuary.

Supporting those most in need, such as the people of Ukraine, by providing emergency support.

Financial review

Our income has grown significantly this year, which has allowed us to expand the number of charity partners we have supported, and we have invested in further monitoring and evaluation of our projects to assess our impact. With a total of £928,441 raised and £280,109 invested in charitable projects and covering our costs, we carry a significant surplus into the next financial year, and will be seeking new charity partners to support as a result. We remain confident that the Good Works is in a secure financial position to invest in charitable projects.

Reserves policy

GWC has increased our minimum reserve to £20,000, which we have surpassed and believe is sufficient for our needs at this time.

Plans for future periods

As a result of our investment in fundraising, our income has grown significantly, and we have brought on board more charity partners and supported more work than even before. This has also increased the demands on our capacity. This year we have moved to having one full time member of staff towards the end of this financial period to build that capacity further, and maintain our fundraising and monitoring and evaluation efforts.

We will also be working as a Board to build in additional systems and processes to further unlock the potential of the Good Works, and will be undertaking a Governance exercise to reshape our Board of Trustees with a view to have in place new Board members either by the beginning of the next financial year, or soon after. We also intend to engage with OSCR to adjust our financial year reporting period to align with the calendar year for the 2024-25 financial period.

Trustees’ responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Reference and administrative details

Charity number: SC046947

Registered Office: 73 Troon Avenue, East Kilbride, Scotland G75 8TH

Our advisers

Certification number/details: M290974

Directors and trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:

Key management personnel The Good Works Company:

Trustees’ and Directors

Key management personnel:

Structure, Governance and Management

The Good Works Company is an SCIO governed by its Memorandum and Articles of Association dated 30 November 2016. It is registered as a charity with the Scottish Charity Regulator.

Appointment of trustees

As set out in the Articles of Association the chair of the trustees is nominated by other Trustees, of which there must be a minimum of three. Suitable individuals under consideration for trusteeship are interviewed and appointed by existing trustees.

Trustee induction and training

New trustees undergo an orientation day to brief them on: their legal obligations under charity and company law, the Scottish Charity Regulator’s guidance on trustee duties, and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Organisation

The board of trustees, which can have up to 7 members, administers the charity. The board normally meets quarterly. A Director is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Director has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and monitoring of grant-related activity.

- Related parties and co operation with other organisations

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity with a grant recipient must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported.

Pay policy for senior staff

All trustees generously give of their time freely and none received remuneration in the year. The Good Works Company currently has in this financial reporting period increased our staff count from 0.6 to 1 FTE. The pay of staff is reviewed annually and a cost-of-living adjustment made if appropriate, in line with inflation. Renumeration levels are benchmarked against other similarly sized grant-giving charities and foundations and applied pro-rata.

Risk management

The trustees have a risk management strategy which comprises:

an annual review of the principal risks and uncertainties that the charity faces;
the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and
the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.

Statement as to disclosure to our auditors

In so far as the trustees are aware at the time of approving our trustees’ annual report:

there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the group’s auditor is unaware, and
the trustees, having made enquiries of the director and the group’s auditor that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

By order of the board of trustees | (Chair) 28th August 2025

The Good Works Company consolidated Statement of Financial Activities (including consolidated income and expenditure account) for year ending 30 November 2024

Good Works Company	Good Works Company	Charity No	SC046947
		Company No
Annual accounts for the period
Period start date	30/11/2023	To	Period end date	30/11/2024

Section A Statement of financial activities (including summary income and expenditure account)

Recommended categories by activity	Guidance Note	Unrestricted funds	Restricted income funds	Endowment funds	Total funds	Prior year funds
		£	£	£	£	£
Income (Note 3)		F01	F02	F03	F04	F05
Income and endowments from:
Donations and legacies	S01	50,154	878,267	-	928,420	296,973
Investments	S04	21	-	-	21	99
*Total*	S07	50,174	878,267	-	928,441	297,072
Expenditure (Notes 6)
Expenditure on:
Raising funds	S08	26,637	-	-	26,637	26,125
Charitable activities	S09	647	244,194	-	244,841	245,000
Separate material expense item	S10	8,263	-	-	8,263	7,495
Other	S11	369	-	-	369	361
*Total*	S12	35,916	244,194	-	280,109	278,981

Net income/(expenditure) before tax for the reporting period	S13	14,259	634,073	-	648,331	18,091
Taxpayable	S14	-	-	-	-	-
Net income/(expenditure) after tax before investment gains/(losses)	S15	14,259	634,073	-	648,331	18,091
Netgains/(losses)on investments	S16	-	-	-	-	-
Net income/(expenditure)	S17	14,259	634,073	-	648,331	18,091
*Net movement in funds*	S22	14,259	634,073	-	648,331	18,091

*Reconciliation of* *funds:*
Total funds brought forward	S23	232,689	55,507 -	-	177,182	159,271
*Total funds carried forward*	S24	246,948	578,566	-	825,513	177,362

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Analysis of restricted and unrestricted income:

Section C Notes to the accounts (cont)

----- Start of picture text -----
Note 3 Income
Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 12,630 771,937 - 784,567 256,973
and legacies: Gift Aid 37,524 106,267 - 143,791 40,000
Total 50,154 878,204 - 928,358 296,973
Income from Interest income 21 - - 21 99
investments: Total 21 - - 21 99
TOTAL INCOME 50,175 878,204 - 928,379 297,072
Other information:
All income in the prior year was unrestricted except for: Anna Freud
(please provide description and amounts) Centre
Siobhan's Trust
Saffron Kitchen
Client Earth
At the Bus
Words Matter
----- End of picture text -----

Analysis of restricted and unrestricted expenditure:

Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	(cont)	(cont)	(cont)

Note 6 Expenditure
	This year					Last year
Analysis	Unrestricted funds	Restricted income funds	Endowment funds	Total funds	Unrestricted funds	Restricted income funds	Endowment funds	Total funds
Expenditure on raising funds:				£				£
Incurred seeking donations	26,637	-	-	26,637	26,125	-	-	26,125
Total expenditure on raising funds	26,637	-	-	26,637	26,125	-	-	26,125

Expenditure on charitable activities:
Donations to charities	647	243,547	-	244,194	-	245,000	-	245,000
Total expenditure on charitable activities	647	243,547	-	244,194	-	245,000	-	245,000

Separate material item of expense
Pensions costs (creditor)	2,690	-	-	2,690	-	-	-	-
Subscriptions, website, travel and client costs	249	-	-	249	265	-	-	265
Bank fees	120	-	-	120	96	-	-	96
HMRC payments	8,263			8,263	7,495	-	-	7,495
Total	11,321	-	-	11,321	361	-	-	7,856

TOTAL EXPENDITURE	38,605	243,547	-	282,152	26,486	245,000	-	278,981

The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 44 of the Charities and Trustee Investment (Scotland) Act 2005. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The notes at pages 10 to 15 form part of these accounts

Signed:

Approved by the trustees on 04/12/25

Notes on the accounts

1) Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared in accordance with 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) (effective 1 January 2015) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Good Works Company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

b) Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.

In accordance with the requirements of FRS 102 a reconciliation of opening balances is provided.

c) Preparation of the accounts is on a going concern basis

The Good Works Company reported a cash inflow of £928,441 for the year on an accrual basis. This was due to investment in fundraising, resulting in securing several donations throughout the year including one major gift.

d) Income

Income is recognised when the charity has entitlement to the funds, any conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. No legacies were received in this financial period.

Income received in advance for the provision of other specified service it is deferred until the criteria for income recognition are met.

e) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. No donated professional services or facilities occurred in this financial period.

f) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. £21 of interest was received during this financial period.

g) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of The Good Work Company’s work or for specific projects being undertaken by the organisation.

h) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds comprise the costs of generating income for investments in charitable organisations
Expenditure on charitable activities includes grants made to individuals or organisations whose work is deemed charitable
Other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support The Good Work Company’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 9.

j) Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis. There were no tangible fixed assets over £1,000 in this reporting period.

k) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. There were no debtors in this financial period.

l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

m) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n) Financial instruments

There were no financial instruments used in this financial period.

r) Pensions

Based on a government mandated contribution level of 8%, Pension liabilities are calculated at £2,689 for the financial period. A suitable provider is being sourced, and this figure is included on the accounts on a creditor basis.

2) Legal status of the Trust

The Good Works Company is a company limited by guarantee and has no share capital.

3 Income from donations and legacies

Donations

Section C	Notes to the accounts (cont)	Notes to the accounts (cont)	Notes to the accounts (cont)	Notes to the accounts (cont)	Notes to the accounts (cont)	Notes to the accounts (cont)

Note 3	Income
	Analysis of income	Unrestricted funds	Restricted income funds	Endowment funds	Total funds	Prioryear
					£	£
Donations and legacies:	Donations and gifts	12,630	771,937	-	784,567	256,973
	Gift Aid	37,524	106,267	-	143,791	40,000
	Total	50,154	878,204	-	928,358	296,973

Income from investments:	Interest income	21	-	-	21	99
	Total	21	-	-	21	99

TOTAL INCOME		50,175	878,204	-	928,379	297,072

The income from donations and legacies was £928,379 (2023: £297,072) of which £50,175 was unrestricted and £878,204 restricted.

Restricted funds comprise of a gifts to support charitable activities and programmes through grant-giving.

4) Analysis of expenditure on charitable activities:

----- Start of picture text -----
Section C Notes to the accounts (cont)
Note 6 Expenditure
This year Last year
Restricted Restricted
Unrestricted income Endowment Unrestricted income Endowment
Analysis funds funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations 26,637 - - 26,637 26,125 - - 26,125
Total expenditure on raising funds 26,637 - - 26,637 26,125 - - 26,125
Expenditure on charitable activities:
Donations to charities
647 243,547 - 244,194 - 245,000 - 245,000
Total expenditure on charitable activities 647 243,547 - 244,194 - 245,000 - 245,000
Separate material item of expense
Pensions costs (creditor) 2,690 - - 2,690 - - - -
Subscriptions, website, travel and client costs 249 - - 249 265 - - 265
Bank fees 120 - - 120 96 - - 96
HMRC payments 8,263 8,263 7,495 - - 7,495
Total 11,321 - - 11,321 361 - - 7,856
TOTAL EXPENDITURE 38,605 243,547 - 282,152 26,486 245,000 - 278,981
----- End of picture text -----

Expenditure on charitable activities was £244,194 (2022: £245,000) of which £647 was unrestricted (2023: £0) and £243,547 was restricted (2022: £245,000).

5) Employee renumeration

No employees had employee benefits in excess of £60,000 (2023: nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds.

The charity trustees were not paid or received any other benefits from employment with the Trust or its subsidiary in the year (2023: £nil) neither were they reimbursed expenses during the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

The key management personnel of The Good Works Company comprise the Trustees and the now 1 FTE Director. The total employee benefits of the key management personnel of the Trust were £26,637 (2023: £26,125).

6) Staff Numbers

The average monthly number of full-time equivalent employees (including casual and part-time staff) during the year were as follows:

2024 – one 0.8 FTE Director

7) Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

8) Reconciliation of Operating Surplus to net cash inflow from operating activities

Section C Notes to the accounts (cont)

----- Start of picture text -----
Note 24 Cash at bank and in hand
This year Last year
£ £
Cash at bank and on hand 809,936 161,667
Total 809,936 161,667
----- End of picture text -----

9) Analysis of movements in unrestricted funds

There was a net increase in unrestricted funds over this financial period, meaning a surplus of £14,259 will be carried forward into the next financial period.

10) Analysis of movements in restricted funds

Restricted donations of the value of £878,267 were made in this accounting period, to be used in grant-making activities, of which £244,194 has been distributed. We carry forward a balance of £578,556 in restricted funding to be distributed in the next financial period.

Good Works Company Charity No SC046947 Company No Annual accounts for the period Period end Period start date 30/11/2023 To date 30/11/2024

Section A Statement of financial activities (including summary income and expenditure account)

Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Total funds Prior year funds £ £ F04 F05 928,420 296,973 21 99 928,441 297,072 26,637 26,125 244,841 245,000 8,263 7,495 369 361 280,109 278,981 648,331 18,091 - - 648,331 18,091 - - 648,331 18,091 648,331 18,091 177,182 159,271 Taken from SOFA cell D40 and E40 2022-23 accounts 825,513 177,362	Total funds Prior year funds £ £ F04 F05 928,420 296,973 21 99 928,441 297,072 26,637 26,125 244,841 245,000 8,263 7,495 369 361 280,109 278,981 648,331 18,091 - - 648,331 18,091 - - 648,331 18,091 648,331 18,091 177,182 159,271 Taken from SOFA cell D40 and E40 2022-23 accounts 825,513 177,362
50,154	878,267	-	928,420	296,973
21	-	-	21	99
50,174	878,267	-	928,441	297,072

26,637	-	-	26,637	26,125
647	244,194	-	244,841	245,000
8,263	-	-	8,263	7,495
369	-	-	369	361
35,916	244,194	-	280,109	278,981

14,259	634,073	-	648,331	18,091
-	-	-	-	-
14,259	634,073	-	648,331	18,091
-	-	-	-	-
14,259	634,073	-	648,331	18,091
14,259	634,073	-	648,331	18,091

232,689	55,507 -	-	177,182	159,271
246,948	578,566	-	825,513	177,362

Charity Name Charity No Company No

Section B Balance sheet

Section B Balance	sheet	sheet	sheet	sheet
Guidance Note Fixed assets Intangible assets (Note 15) B01 Tangible assets (Note 14) B02 Heritage assets (Note 16) B03 Investments (Note 17) B04 *Total fixed assets* B05 Current assets Debtors (Note 19) B07 Cash at bank and in hand (Note 24) B09 *Total current assets* B10 Creditors: amounts falling due within one year (Note 20) B11 *Net current assets/(liabilities)* B12 *Total assets less current liabilities* B13 *Total net assets or liabilities* B16 Funds of the Charity Restricted income funds (Note 27) B18 Unrestricted funds B19 *Total funds* B22	Unrestricted funds Restricted income funds Endowment funds Total this year £ £ £ £ F01 F02 F03 F04				Total last year MBERS PULLED THR £ F05 - - - - - - 161,668 ce all income minus e 161,668 2,690 158,978 158,978 158,978 35,412 123,566 158,978
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	~~-~~	~~-~~	~~-~~	~~-~~	-

	-	-	-	-	-
	~~141,099~~	~~668,837~~	~~-~~	~~809,936~~	161,668 c
	~~141,099~~	~~668,837~~	~~-~~	~~809,936~~	161,668

	2,690	-	-	2,690	2,690

	~~138,409~~	~~668,837~~	~~-~~	~~807,246~~	158,978

	~~138,409~~	~~668,837~~	~~-~~	~~807,246~~	158,978

	138,409	668,837	-	807,246	158,978

		668,837		668,837	35,412
	138,409			138,409	123,566
	138,409	668,837	-	807,246	158,978

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signed by one or two trustees/directors on behalf of all the trustees/directors	Print Name	Date of approval dd/mm/yyyy
	Pamela Collie	27/08/2025

CC17a (Excel)

08/12/2025

xpenditure to match cashflow

CC17a (Excel)

08/12/2025

Section C Notes to the accounts Note 1 Basis of preparation Thls s8Ctlon should ba complot8d ty all charttles. 1.1 Basis of accounting These accounts havé beèn prepared undertt)e hlstorfcal cost conventlon wtth recognlsed at cost or transadion value unless Otherw15e stated in the relevant notelsl to Ihese accounts. The accounts have bean raparod In accordanca wrth.. tha Statamant ol Reconynanded Practlco.. Accountlng and Raportlng by Charftles aparfThJ thalr accounts In accordanca th the nancIal RePong Standard appllcable In the UK and Republlc of Ireland IFRS 1021 Issued on 16 July 2014 . and Mdlh" . and Mdlh" the FinancHI Repcfting Standard applicaNe in the United KiThJdom and Reput of Ireland IFRS 1021 and tha chat1t9 Act 2011. The chanty constitutes a benefit entity as d8fined by FRS 102." -TKk as appropriate 1.2 Going concern If the are nmterial uncertainties related to events or conditions that castsignifioant doubt on the cha17ty ability to conts"nu• as a golng concgm, pl•as8 provkle tho following details orstato "Not apwioable", Ir approprfato.. J) explanation as to thosé fadors that SUFPOrt the COu91cM that the charity is a going concern.. Dtsclosurè of any uncèrtaintiès that makè the going concem assumptiJn dO)llul.. Wherè attounts arè not préparéd <)n a going concern basis. please disclose this fad together Kqth the basis on which the trustee5 prepared the accounts and the reason the charity is not regardad as a going concern. 1.3 Change of accounting policy The accounts present a Iwe and fairview and no changes have been made to the accounlirrfJ poliaes adopted in note { }. Yes. -rick as gwrq)ri&te No" Pl• dlsclose.. (JJ tho naturo Oftt changa In aceountlng wky,. (li) tho rnasons why applylng tho n8w accounllngpollcy pmvldgs moro rellabk and morn r8lwantlnfomiatlon,' and CC17a (EX1) 0811y225

(iii) thg amountorth• adJustm&nt roroach Ilne alT8ct•d In thg cu9ntOd, each piYorpotrlodpr8sgnt8dand thg aggr6gato amount oftho adjustrnent rolaung to Pgtrlods boforo thoso pmsgnt&4 3.44 FRS102 SORP. 1.4 Changes to accounting estimates No changes to accounting estimates have occurred in Ihe reporting peri113.46 FRS102 SORPI. No" -rick as *prriate Please dtscloso.. (i) the natur# of any ehangès.. (IIJ oif8ct orthg change on Incomg and expSe or assots andllabllltlgs for th& curnntporfod,. and (111) wherg practleable, tho èffoct ortho chango In ono or more future pwlods. 1.5 Matèrlal prlor èrrors No material rioi ear èrror havè Idènltfied In thè rè Ye5" rtin erk)d 3.47 FRS102 SORP . No" -Tick as 8pprq)riate Please disclose.. (ij thg naturo OfttpftyOrP8rknd 8mY,' (11) roreach prforpwlodpresentod In the accounts, tho amount ofthg cornetlon foreach accoum Hn• Itom affoctod,. and (iii) the amountof the coe¢ton at the beginning of the earfiestpriorpwiod presentedin the accounts. CC17a (EX1) 0811y225

CC17a (Excdl 0811212025

Section C Notes to the accounts (cont)

Note 2 Accounting policies

2.2 INCOME

Yes No N/a*	Yes No N/a*	Yes No N/a*
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Yes No N/a*
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Yes No N/a* 08/12/20

08/12/2025

	,	p p
royalties and dividends		be measured reliably.
Income from membership		Membership subscriptions received in the nature of a gift are recognised in Donations
subscriptions		and Legacies.
		Membership subscriptions which gives a member the right to buy services or other
		benefits are recognised as income earned from the provision of goods and services as
		income from charitable activities.
Settlement of insurance claims		Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA.
Investment gains losses	and	This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the
		year.
2.3 EXPENDITURE		AND LIABILITIES
		Liabilities are recognised where it is more likely than not that there is a legal or
Liability recognition		constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and	support	Support costs have been allocated between governance costs and other support.
costs		Governance costs comprise all costs involving public accountability of the charity and its
		compliance with regulation and good practice.
		Support costs include central functions and have been allocated to activity cost
		categories on a basis consistent with the use of resources, eg allocating property costs
		by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance		Where the charity gives a grant with conditions for its payment being a specific level of
conditions		service or output to be provided, such grants are only recognised in the SoFA once the
		recipient of the grant has provided the specified service or output.
Grants payable without		Where there are no conditions attaching to the grant that enables the donor charity to
performance conditions		realistically avoid the commitment, a liability for the full funding obligation must be
		recognised.
Redundancy cost		The charity made no redundancy payments during the reporting period.
Deferred income		No material item of deferred income has been included in the accounts.
Creditors		The charity has creditors which are measured at settlement amounts less any trade discounts
		A liability is measured on recognition at its historical cost and then subsequently
Provisions for liabilities		measured at the best estimate of the amount required to settle the obligation at the
		reporting date
Basic financial instruments		The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
2.4 ASSETS
Tangible fixed assets for		These are capitalised if they can be used for more than one year, and cost at least
use by charity
		They are valued at cost.
		The depreciation rates and methods used are disclosed in note 14.
		The charity has intangible fixed assets, that is, non-monetary assets that do not have
Intangible fixed assets		physical substance but are identifiable and are controlled by the charity through custody
		or legal rights. The amortisation rates and methods used are disclosed in note 15.
		They are valued at cost.
		The charity has heritage assets, that is, non-monetary assets with historic, artistic,
Heritage assets		scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation
		rates and methods used as disclosed in note 16.
		They are valued at cost.
		Fixed asset investments in quoted shares, traded bonds and similar investments are
Investments		valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be
		measured reliably in which case it is measured at cost less impairment.

✓	✓	✓
Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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CC17 FRS 102 SORP

08/12/2025

Stocks and work in

progress

Debtors

Current asset investments

Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments

Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.

Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

Yes No N/a*	Yes No N/a*	Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

CC17 FRS 102 SORP

08/12/2025

Section C Notes to the accounts (cont)

Note 3 Income

Note 3 Income	Income	Income	Income	Income	Income	Income
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts 12,630 771,937 - 784,567 256,973 Gift Aid 37,524 106,267 - 143,791 40,000 Total 50,154 878,204- 928,358 296,973 Interest income 21 - - 21 99 Total 21- - 21 99 50,175 878,204-928,379 297,072 Other information: Analysis of income Donations and legacies: TOTAL INCOME Income from investments:	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income
	Donations and gifts	12,630	771,937	-	784,567	256,973
	Gift Aid	37,524	106,267	-	143,791	40,000
	Total	50,154	878,204	-	928,358	296,973

	Interest income	21	-	-	21	99
		21	-	-	21	99

		50,175	878,204	-	928,379	297,072

All income in the prior year was unrestricted except for: (please provide description and amounts)		Anna Freud Centre
		Siobhan's Trust Saffron Kitchen Client Earth At the Bus Words Matter

CC17a (Excel)

08/12/2025

Section C Notes to the accounts (cont)

Note 6 Expenditure

Analysis Expenditure on raising funds:	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year
Incurred seeking donations	26,637	-	-	26,637	26,125	-	-	26,125
Total expenditure on raising funds	26,637	-	-	26,637	26,125	-	-	26,125
Expenditure on charitable activities:
Donations to charities	647	243,547	-	244,194	-	245,000	-	245,000
Total expenditure on charitable activities	647	243,547	-	244,194	-	245,000	-	245,000
Separate material item of expense
Pensions costs (creditor)	2,690	-	-	2,690	-	-	-	-
Subscriptions, website, travel and client	249	-	-	249	265	-	-	265
Bank fees	120	-	-	120	96	-	-	96
HMRC payments	8,263			8,263	7,495	-	-	7,495
Total	11,321	-	-	11,321	361	-	-	7,856
TOTAL EXPENDITURE
	38,605	243,547	-	282,152	26,486	245,000	-	278,981

CC17a (Excel)

08/12/2025

Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Description	This year Last year £ £	This year Last year £ £
£100,000 donation to the Anna Freud Centre. This is our single biggest multi-year commitment.	100,000	100,000

£95,000 was donated to At the Bus charity last year. We are considering a further commitment, but it will not fall within this financial year for GWC.	-	95,000
ms	-	-
	100,000	195,000

CC17a (Excel)

08/12/2025

Section C Notes to the accounts

Note 9 Support Costs Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

This year

Support costs	Raising funds	Grantgiving	Administration	Pension	Grand total
	£	£	£	£	£
Governance and administration	-	-	369	-	369
Staff salary	19,978	-	6,659	2,690	29,327
Grants made to charities	-	244,841	-	-	244,841
PAYE	6,197	-	2,066	-	8,263
Total	26,175	244,841	9,094	2,690	282,799

Last year

Last year
Support cost (examples)	Raising funds £	Grant giving £	Administration £	Pension £	Grand total £
Governance and administration	-	-	355	-	355
Staff salary	19,594	-	6,531	2,689	28,814
Grants made to charities	-	245,000	-	-	245,000
PAYE	5,621	-	1,874	-	7,495
Total	25,215	245,000	8,760	2,689	281,664

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

Estimated on a percentage basis of staff time spent on

CC17a (Excel)

08/12/2025

Basis of allocation

Website, banking fees and material expenditure

75% of time on raising funds, 25% on administration and project monitoring All grants made in financial period allocated to grant giving 75% of time on raising funds, 25% on administration and project monitoring

Basis of allocation

Website, banking fees and material expenditure

n activities.

CC17a (Excel)

08/12/2025

Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)

11.1 Staff Costs

This year: Last year: Salaries and wages Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme) Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party	This year £	Last year £
	26,637	26,125
	8,263	7,495
	2,690	2,690
	-	-
	37,590	36,310

	0.6 FTE staff member to raise funds and manage grant giving activities is directly employed byGWC.

	0.3 FTE staff member to raise funds and manage grant giving activities is directly employed by GWC.

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

Please provide the total amount paid to key management	Thisyear	Lastyear
	£	£
	26,636.96 £	26,125

CC17a (Excel)

08/12/2025

11.2 Average head count in the year The parts of the charity in which the

	This year Number	Last year Number
Fundraising	1	1
Total	1	1

CC17a (Excel)

08/12/2025

CC17a IExcell 0811212025

Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.	Thisyear	Lastyear
	£	£
	2,690	2,690

	Accounted for in unrestricted funds	Accounted for in unrestricted funds

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that although the Yes scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for Unknown the reporting charity this year and last year, if different

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms N/A and conditions of the multi-employer plan. If this is different for last year, provide details Provide an explanation of how any liability arising from an agreement with a multi-employer plan to fund a deficit N/A has been determined. If this is different for last year, provide details

CC17a (Excel)

08/12/2025

Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

This year:

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs	Total
Anna Freud Centre			£	£
	100,000.00	-	-	100,000.00
Naima JPS	20,000.00	-	-	20,000
Salford Cathedral	20,000.00	-	-	20,000
American Friends of Binyan Av	26,138.00	-	-	26,138
Little Bear Sanctuary Others(see full list below)	10,000.00			10,000
	68,703.00			68,703
~~*Total*~~	~~244,841~~	~~-~~	~~-~~	~~244,841~~

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

*My charity has made grants to particular institutions that are* *material in the context of its grantmaking. Details of the* *institution supported, purpose of the grant and total paid to each* *institution is available on the charity's web site.*	*Yes*	*Please provide* *details of charity's* *URL.*
	No	*Provide details* *below*

Names of institution	Purpose	Total amount of grantspaid £
Words Matter	Ending verbal abuse of children.	10,000
Naima JPS	Supporting education	20,000
Ateres Kallah	Emergency packages for newlyweds in	8,700
Besses Boy Band	Musical programme for disadvantaged ~~t~~	12,000
Salford Cathedral	Musical programme for disadvantaged	15,000
Sheba Medical Centre	Providing medical care.	2,500
Anna Freud Centre	Supporting better mental health for	100,000
Chabad of Hampstead Garden Suburb	~~i~~ Education around the Jewish faith.	6,250
Kerem Schools	Supporting education	10,000
Pickups for Peace (via Justgiving)	Support vulnerable people in Ukraine.	10,000
American Friends of Binyan Av	Supporting educational institutions	26,138
United Jewish Israel Appeal	Educational support for Jewish youth.	5,000
Little Bear Sanctuary	Animal Sanctuary.	10,000
Others (sub £2.5k in year)	Variety of charities will sub-£1.5k in year grants made across financialperiod.	9,253
		~~-~~
*TOTAL GRANTS PAID* *Other unanalysed grants* *Total grants to institutions in reporting period*		244,841
		-
		244,841

CC17a (Excel)

08/12/2025

Last year:

13.3 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs £	Total £
The Anna Freud Centre	100,000.00	-	-	100,000.00
Siobhan's Trust Charity	5,000.00	-	-	5,000.00
Client Earth	15,000.00	-	-	15,000.00
Words Matter	10,000.00			10,000.00
Saffron Kitchen	20,000.00			20,000.00
At the Bus	95,000.00	-	-	95,000.00
*Total*	245,000	-	-	245,000

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.4 Grants made to institutions

13.4 Grants made to institutions	13.4 Grants made to institutions
*My charity has made grants to particular institutions that are* *material in the context of its grantmaking. Details of the* *institution supported, purpose of the grant and total paid to each* *institution is available on the charity's web site.*		*Yes*	*Please provide* *details of charity's* *URL.*
		No	*Provide details* *below*

Names of institution	Purpose		Total amount of grants paid £
The Anna Freud Centre	Provides mental health support		100,000
~~( tt~~ ~~//~~ ~~f~~ ~~/)~~	~~t~~ ~~l~~ ~~l t~~ ~~l~~


			-
			-
			-
			-
			-
			-
*TOTAL GRANTS PAID* *Total grants to institutions in reporting period* *Other unanalysed grants*			100,000
			-
			100,000

CC17a (Excel)

08/12/2025

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors

Total Other debtors	This year £	Last year £
	-	-
	-	-

Complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)

Total Other debtors	This year £	Last year £
	-	-
	~~-~~	~~-~~

CC17a (Excel)

08/12/2025

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Amounts falling due within one year	Amounts falling due within one year	Amounts falling due after more than one year	Amounts falling due after more than one year
This year £	Last year £	This year £	Last year £
2,690	2,690	-	-
2,690	2,690	-	-

20.2 Deferred income

*Please explain the reasons why income is* *deferred.* *Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods *Please complete this note if the charity has deferred* i This year Balance at the end of the reporting period
This year	Last year


	This year £	Last year £
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

08/12/2025

Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.

This year	Last year
*Pension creditor = £2,689.60*	*Pension creditor = £2,690*

CC17a (Excel)

08/12/2025

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand Cash at bank and on hand Total

This year £	Last year £
809,936	161,667
~~809,936~~	~~161,667~~

Taken from cell R18 Cash flow a

CC17a (Excel)

08/12/2025

Prior year's values moved through

accounts balances - check if correct?

CC17a (Excel)

08/12/2025

Section C Notes to the accounts (cont)

Note 25 Fair value of assets and 25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.	liabilities Thisyear Lastyear	liabilities Thisyear Lastyear
	N/A	N/A

	N/A	N/A

CC17a (Excel)

08/12/2025

Seciion C Notes to the accounis (conti Note 27 Chari funds 27.10etails of material funds held and movements during the CURRENT reporting period Please give detai15 of the mgvernents of maleri31 individual fund5 in the reportin9 period together with a balancing figure Vlherfunds'lwhioh Should indude revaluation re5erYe and fairvalue re5erY@ rfapplicable). The Total funds'figure belowshould reGoncile to Total funds'in the balance sheeL ' Key.. PE- pennanent endowment funds.. EE- expendable end04wnent funds.. R- restricted income fvnds. including special trusts, ofthe chaiity.. and U- unrestiicted funds un balances brought forward un balances carried forward Typa PE, EE RorUR" Purpose arbd Restrictions Gains and lossos Incomo Expendituro Transfars Fund names Unreslricted fvnds UR For eneral charitable oses and costs Restricted funding for fiJture use on grant ivin actmties 232.689 14.259 246.948 R8stn"ct8d fijnds 55.507 634,073 578.566 Other funds (balancing figure) Nla Nla Total Funds as pèr balaneè shèèt 177.182 648.331 825.513 Yes. Fund bolances carried forward include assets and liabilitTre8 denominated in a foreign currency Iryes, please $tate the basls on whlch the assets atrJfl/orlAabllArfes Iwe been translated Into sterlrnL7 lor the currencyin which the accounts are drawn up). CC178 (Excell 27 0811212025

Section C Notes to the accounts Icontl Note 27 Chari fund5 27.2 Details of material funds held and movements during the PREVIOUS reporting period Ploasg glve detalls of th8 movom•nts ofmat&rlal Indlvldual funds In tho r&portlng pgrlod togethgr wlth a balanclng figuro for Dther funds. (whlch should Includo rovaluatlon resgNo and falr valug r&s&trve, Ifappllcabloj. Tho Total funds'figurg bolow should roconclle to Total funds'ln tho balanco sheet. ' Key.. PE- pomianont ondowmont runds,. EE- expondablo ondowmont funds,. R- r•strlet8d Ineomo funds, Includlng spoclal trusts, orthe charltyj. and U- unrostrleted runds un balances brought forward un balances carried forward Type PE. EE RorUR' Purposè and Rèstrletlons Gains and losses Income Expenditure Transfers Fund namos Unrgstrictod funds UR For eneral charitable ur osas and costs Restrfctod funding for futura usè on grant activ18$ 162.271 70,598 232,869 Rostrfcted funds 3,000 52,507 55,507 Other funds (balancing figurej Nla Nla Total Funds as balancè sh•ot 159.271 70.598 52.507 177.362 Yes. No. Fund balanc88 carrled folward Include assets and llabl1los denomlnatsd In a forolgn currency CC178 (EX{1) 28 0811212025

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

CC17a (Excel)

08/12/2025

APPENOIX 3 OSCR Independent examinerfs report on the accounts R•pcrt lo lh• eh¥tyAwn• R•ght•Md ¢harty SC046947 numb•r •)n lh• ac¢¢bunts of th• h•rlty lof th• p•rlod Pffiic4 Md dal• Y•w to 2024 RMp•¢tlv• Th chty's Injslees w• iesrK)nsbt4e ky the ol xcounts in accutsKe rttpon%lb4lllhs ol wih Ihe lemB of Ihe Chwths M1 Trusle• Invesni (Scots) 2005 ki aThJ the trusitt¥ and •xafflln•r Ch¥rts kcounts IS¢¢ll Ral$ 26 las amerthdl. Thè cNirity Intstees ¢onsthr that the requtnI ol RegUkI 10(11 Idi ol tr Accwnts Re9ulatu ¢Joes appty. li reSF%kty io x¢ourts as wyired under 44111 (GI ¢1 Iht AG¢ to stale whether mattefs C4yn• my att•nfMYI. B•sh ol Ind•p•nd•nl ekirfithn is car out in wrdar¢e wnth Regulai 11 ofthe 2CK6 h£cwnts •x•min•es •ts¢•m•nt Re9tn$. An ex3 Inc85 a rtViAf of Ihe acoyjntry rewds kep¢ by Iht e¢ftshl•ratwi of urwu¥l rtorn Of d10ur•S in •id seeks th) i1 all th• th•1 fequirnd in •n atyJit , eonseqventty. I d) r#X an audtt Ihe 9Prtn a¢TrI5. Ind•p•rthnt •xamln•rfs In el ry •xwwtty. no rfthttw h• c)m• to ffry atter*l¢Th Re9ul•tKm 4 01 Ihe Actsdy 111 •ny)'. Addmu.,