SWRFN Charitable Trust SCIO TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS for the year ended 31 March 2025 Scottish Charity numbcr: SC047520
SWRFN Charitable Trust Contents Page Legal and administrative information Trustees, report Independent examiners, report Statemenl of financial a¢iivities Balance sheet Notes to the financial statements io- li
SWRFN Charitable Trnst Legal and administrativ¢ information Charity number SC047520 Registered office 234 Arbroaih Road Dundee DD4 7SB Trustees Secretary Independent exarniner SA AcLI)IinlinLF SLrviLLs 34 Seaforth Road Wcst fcrry Dundee DD5 IQH Bankers Bank of Scotland 2 West Marketgait Dundee DDI IQN Pagel 3
SWRFN Charitable Trnst Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 The trustees present their report and Ihe financial statements for the year ended 31 March 2025. The trustee8 who served during the year and up to the date of this report are set out on page 3. Constitution The Charity is a Scottish Charitable IncoL])orated Organisation (a SCIO). It was registered in st its currcnt Icgal forn] on 21 June 2017. The trustees are responsible for the administration and direction of the chartty. It has a single tier structure and as such the trustees are the membcrs of the charity. Structure) governance and management The organisation is <1 rcgistcrcd Scolt18h Charity. The charity Constitution cstablishes the objects and powers of. the charity. The Board of Trustecs currently has 5 membcrs who mect evcry quarter and are responsible for the strategic direction and policy of the organisation t()gL'thcr with sound financial and operational control. The charity has assessed the inajor risks lo which Ihe charity is cxposed and is satisfied thal systems and procedures are in place to mitigdte our Lxposure to the m<ijur risk.s, althoug7h no formal risk asscssmenl has takLn place. Recruitment and appointment of Trustees Al l of thc charity's trustees are appointed or reappointed by the members at the annual general meeting. New Irustecs arc r¢cruil¢d on an ad hoc basis, as and when r¢quÉred. Objectives The prevcntion or relief of poverty both in UK and over8e&s. The advancement of education both in UK and overseas. The advancement of health both in UK and overseas. Thc advancement of citizenship or community development (including nwal or urban regeneration) both in UK and overseas. The rclicf of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage both in UK and overseas. Page14
SWRFN Charitable Trust Report of the trustees (incorporating the directors, report) for the year ended 31 Marfh 2025 A¢hievements and performance Building on the successes of the previous ycar, SWRFN Charitable Trust conlinuLd to support shortlrnedium temi projects in the UK and overseas totalling £30,520 (2024.. £39,009) for thc year. Our main partner for the year was World Care Foundation. We supported both in the development and growth of orphanages in l.ebanon and Pakislan. We continued to support local UK projccts ranging from foodbanks to youth initiatives. "or the coming year, we aim to provide short and medium terni support world-wide including continuous support for an orphanag7e in Pakistan. Going Coneorn All incomc has ¢ontinucd to be ceIVed and donations frorn these funds were made as nomial. The truteeI]vc <i r¢asunablL' uxp¢Lidlioii iliai Llic ¢liaJ'ily ad¥qual¢ r¢sour¢¢s to coiitii)uc in operation for the loreseeable t'uture Financial review The results for the year are sct out in the statement of financial activities on pag?e 7. The reserves of the Trust arise from original and subscquent rcvcnue donations. At the end ot the current year. the charity had unrcstricted thds ot" £38,282 (2024 . £32,128) Income and expenditure are monitored in total on a regular basis to ensure Ihe continuing ability ot'thc Trust to meet its objectives. Trustees, remuneraliopz The irustees did not receive any remuneration or expenses during the ycar. On behalt"ot"the Lloard of 'l'rustees Secretary 15 September 2025 Page15
SWRFN Charitable Trust Independent examiner's report to the trustees on the unaudiled financial statements of SWRFN Charitable TrusL I report on the accounts for the year ended 31 Nlarch 2025 set out on pages 4 to I l. Respeetlve responsibilltics of trustees #nd independent examRner The charity's trustees are responsible for the preparation of thc accounts in accordance with thc tLrnis ot. the Charities and Truslee Investmenl (SLotland) Act 2005 (the Act) and the Charitics Accounts {S¢oiland) Regulations 2006. The L'hurily's trustees consider that the audit requiremenl ofRegulation l O(1 ) (d) of the Accounts Regulations does not apply. I laving satisfied myself that the chdrity Ib nol subjecl Iv audit uiidLr ivinp<my l<iW and is cligible for independL'nt examination, it is my Tesponsibility 10 State, on ihc basis uf my ex¢uninaliuii t required under section 44(1) (c) of'the ACL whether particular matters have con]e to my attention. Basis of Independent examiner's statement My examination is carried out in accordance with Regulation I l ot the Charities AccounLs (Scotland) Rcgulations 2006. An cxamination includes a review of the aLcounting records kept by the charity and a comparison of the account8 presented with those records. It also includes cr)nsiderati(In of any unusual itern8 or disclosures in the accounts. and sccks expl<inations from ihe trugtees concerning any such matters. The pri)Lediircs iindertaken do not provide all the evidcncc that would be requircd in an audiL and congequently I do not exprcss an uudit opinion on wh¢th¢r thc accounts present a 'true and f'air view,. Indepcndent examiner's 8tatcm¢nt In thc course of my examinution, no mattcr has com¢ to my attention: which gives me reasonable cause to believe ihai in any material respect the trust¢¢s hav¢ not mut thc rcquircrncnts to cnsure thot: proper accounting records are kept in accordance with Section 44(1) (a) of the 2005 Act ld Regulation 4 of the 2006 Accounts R¢gulations, and to prcparc accounts which accord with the accounting records and cornply with Regiulation 9 of tlie 2006 Accounts Rcgulations havc not bccn mct, or lo which, in my opinion, attention should be drawn in order to enable a proper undcrslanding of th¢ aGGounts to b¢ rca¢h¢d. SA ALL()Iiiiliii& %LI-viLL"% 34 Seaforth Road Wesl Fcrry Dundee DD5 IQH Date., 15 September 2025 Pa8e | 6
SWRFN Charitable Trust Statement of financial activities for the year ended 31 March 2025 2025 2024 Note Incoming resources Voluntary income: Donations 36,674 46,571 Total incoming resources 36,674 46,571 Resources expended Charitable activities 30,520 39,009 Goveriiance costs Total resources expended 30,520 39,009 Net (outgoing) l incoming resources 6,154 7,562 Total funds brought fOard 32,128 24,566 Funds carried fonvard 38,282 32,128 All funds are unrcstrictcd and all a¢tivitie.8 relate to continuing operations. Page | 7
SWRFN Charitable Trust Balance sheet as at 31 March 2025 Note 2025 2024 CurreDt assets Cash at bank and in hand 38,282 32,128 Total 2ssets 38282 32,128 Funds Unrestrictcd fund 38,282 Thc notes on pages 9 - 1 O fomi part L)r th¢s¢ ac¥ounts. Approved by the Truslees on 15 September 2025 and signed on its behalt by Pa8e18
SWRFN Charitable Trust Notes to the accounts l Accountillg policies J'he accounts are prepared under the historical cost convention and include the r¢sult5 of the I"rust's operations, all of which are continuing. The aLcounts have been compiled in accordance with the Statement of Recommeiided Practice - "Accounting and Rcporting by Charitics" (SORP 2005), and comply with thc Charitics and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) Unrestrieted funds F.xpendable at the discretion of the Trustees in furthcrance of the objectives of The SWKFN Cliaritable "I'rust. Incoming resources Income from donations, gifts and legacies is accounted for in the in¢ome and cxpcnditurc account on a cash basis. All other incomc is accounted for on an acLriials basis. Grants Granls comprise tliose paid in the accounting period and, when applicable, include grants payable in future accounting periods where there exists a Icgal obligation to make such payincnts. Resources expended and irrecoverable VAT Resources expended are included in the accounts on an accruals basis. Irrecoverable VAT is included in ihe relaled expenditure. Ch(il'itable activities include expenditurc associated with grant making. Governance costs include ihose incurred in the gyovernance of the charity and its assets and are primarily associated witli coiistitutional and statutory requirements. Statement of financial activities This slalemenl, produced to comply with the St<ltement of Recommended Practice effcctively incorporates the inLome expenditurc account in a different formaL fomiing a single statemcnt of all movcments between opening and ¢losing fund balances. Page | 9
SWRFN Charitable Trust Notes to the accounts Charitable activities 2025 2024 Grants payable UK charitable donations 1,620 1,620 Overseas Support 28,900 37,389 Total grants payable 30,520 39,009 Unrestricted Funds Broiight forward 32,128 24,566 Income in year 36,674 46,571 Expcnditure in year (30,520) (39,009) At 31 March 2025 38,282 32,128 Related parties During the period trustees donated £11,230 to SWRFN Charitable Trust (2024 £5,165). The donations WLrL t.ully paid at 31 March 2025. Page 110