The Struan Trust Trustses. Annual Report and Accounts Year ended 31 October 2023 Sc(*lish Charity Number
The Struan Trust Trustees. Annual Report and Accounts for the year end 31 October 2023 Scottish Charity Number SC047336 Current trustees Chalmian.. Admin Secretary: Tr•a¥uMr: Re¢rultm¢nt and appolntment of Trustees All of the Struan Trust trustees are appointed or reappointed by the members at the annual general meeting. Potential trustees are intennewed prior to the meeting to ascertain their suitability. Governing document The Struan Trust is a charitable unincorporated association and the purposes and administration arrangements are set out in the constitution. Charitable purpose$ Our purposes. as recorded in our constitution. are using human and financial reg)urces to engage with and help sustain the cornmunity in Struan, Calvine and Glen Errochty by seekirig to alleviate Social isolation. A¢lfvltlo8 and achlevements The future direction of the Struan Trust was dis¢ussed at length at the first full meeting of trustees since the Covid panijemic. Due io resignations from the Bursary commf(tee and the amount of work involved, it was decided to relinquish the existing Bursary Scheme. Only requests for financial support frorn within the Struan Trust Group area would be considered. Trust finances will rely on current investment income. A leaflet 15 to devised explaining the amended aims of the Trust, which will be distributed by trustees. Some of the assets of the Trust which will not be required in the future have been sold. Page I
The Struan Trust Trust•os' Annual Rew)rt and Acc¢)unts for the year ended 31 October 2023 The surplu5 for the year of The Stnjan Trust was £1.845 givir8 a balance at year end of £7,092. The trustees ¢onsider the funds to be sufficient to continue to promote their aims of looking after all ages of those resident within the area. Approved by the Trustees and signed on their behalf Date Page 2
Tho Struan Tntst R•c•iFts and Paym•nts Account for thg yr and 31 Oclobw 2023 2023 2023 2023 Total Funds 2022 Unr•strictsd Fundb Fund* Receipts Donations Grants Fundraisir8 activities Investment income Sale of Equipment 1,4EII 470 1,365 470 Total Receipts 1,930 1,930 1.366 Payrnents EquiprrEnt Fund Raising Costs Grants and donations Payments foi ch61itable activitie5. Insurance Printing & Stationery Repairs and Maintenance Bank Char8es 350 285 30 786 59 25 25 Total Payments 85 1,510 Surplus l (t)ofi¢ltl for year -145 Page 3
The Strn•n Tmst Statsmont of 8alan¢•s as at 31 October 2023 2023 2023 2023 Total Funds 2022 Fur*Ys Bank and eash in hand Opening balances Surplus I (Deficit) for year 4.147 1.845 1,1 5.247 1.845 5.392 -145 Closing balance5 5,992 1,100 7,092 5,247 Res8rYes Funds on Hand 7.092 7,092 5,247 1,727.752 M&G Charifund units- cost 27.450 27,450 A55ets- see page 6 2.156 3.597 29.606 31.047 1,727.752 M&G Charifund units - valuatKJn at 3010912023 24.725 23,703 Net Bk Value of assets after depreciation 459 1,456 25,184 25,159 Approved by the Trustees and si8ned their behalf Q2 Dale Page 4
Tho Struan Trust Notes to tho Accounts All income is derived entirely from within the UK. 1. Investment Income 11,727.752 M&G Charifund units were transferred frorn The Struan Hall Trust) M&G Charifund Units 1511212022 distribution on 1,727.752 units 28/0212023 distribution on 1,727.752 units 3110512023 distribution on 1.727.752 units 3110812023 distribution on 1,727.752 units 466 225 415 354 1.460 2. S•le of Equlpment Folding tables Mats for Marquee Cake plates and domes Swing signs 150 170 470 3. Grants and Donations No grants or donations were made during the year. The trustees did not receive any remuneration or expenses during the year. Page 5
The Slruan Trust Additional Note to the Accounts Equipment Depreciallon Depreciation is provided to write off the cost or valuation of assets over their expected useful lives. No depreciation is provided on the preceding accounts. The Charity adopts a policy of routine maintenance to ensure that the equipment is maintained in good condition. If depreciation were applied, 18% of the reducing balan would be used. Cost Cost of assets as at 31 Octoter 2022 Disposals at cost Additions at cost 3.S97 11,4401 At 31 October 2023 2.156 Depreciation Provision as at 1 November 2022 Provision during year 1.596 ioi 1,697 Nèt Book Value at 31 October 2023 £459 Page 6
APPENDIX 3 oscr Office ofthe SLottish Charity Regulator Independent examine¢s report on the accounts Report to the Chariy lla trustwslmgrnbers of The Struan Trust R•gi6tered charty numbor On th• accounts of tho charity for the pÈrlod SC047336 Period slart date l Morth Period end dale Yeai tsnth Year 3) 31 2023 S•t out on pages 1.7 rfraThmtw 10 IV8 the paoe dadditsoIShe¢tsI Respectlve The chaflty's Irusiees are responsible for the preparation of the accx)unts in aCcordC Tgsponsibilities of with the tems of the Charities and Trustee Investment Iscovandl 2005 Act and the trnstèe8 and oxarningr CharItS Accwnts (Scotlandl Regulatsons 2006. The Charity trustees consider that the auéit requirement ol Regulatson 10111 Idl of the Accounts Regulatsons d$ not apply. It Is rny responsibilty to examine the accourrts as required under section 44111 (cl of the Act and to state whether parb"cular matters have come lo my attentK)n. Basls of Independent My examination is carned out In 1rdance th RegUlatn 11 of the Charities examlner's ststement Acwunts IScotEand' Regulaknons 20C6. Am examinabon includes a review ol the accountsng records Kept by the chanty and a compan50n of the accourlts presented with those records. It also Includes wnsideration of any unusual Items or disdosures In 1he accounts and seeks explan8tson5 trn the trustees concerning any $Lh matters. The pr{edureS uTrJertaken do rKst provide all the eviden trai wouk) be required In an audit and, ojnsequentty, I do not exp$$ an aLKlit Onn Dn the accounts. Independent examinerfs In the Crse of my examinakn"on. no mats Ikis come to my attention lotherthan that statement disclosed on the attached page-l which gives me reasonable cause 10 believe that in any material respect the requiremenls. to k&p aGGounling rewrds In accordance with secl'on 44(11 (al of the 2005 Act and Regulation 4 of the 2006 Accounts Reguiabons, and tc prepare accounts which accord with the )ccounting fewrds and ¢x)mply Yh RegUlatn 9 of the 2006 Accounts Regulabons have not been met. or to In my opnion, atients.on should be drawn in order to enable a proper "its to be reached. Dato: Signed: Name: Relevant professional qualification{sl or body Irf anyl: osloill Addres8: "Pka5e delele tIE worf5 in the braalets i they QO Thx aPPW. Nlhe (kawly. set out th¢Me matters n•4e ¢<Ye to yeur on thè followng pag•