LENZIE BENEVOLENT SOCIETY SCIO
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

LENZIE BENEVOLENT SOCIETY SCIO
LEGAL AND ADMINISTRATIVE INFORMATION
Trustoas
Charity number (Scotland)
SC047694
S¢¢relarlos & Treasurers
Frerth Dun(*n LLP tradiThJ as AAB
Chartered Accountants
Registered Auditors
133 Finnieston Street
Glaso)w
G3 8HB
Règistar8d offic8 and principal addre55
do Fr8nth DunGan LLP IradiThJ as AAB
133 Finnieston Street
Glasgow
G3 8HB
Independent examineT
cEwen & Co
2 Broadcrolt
Kirkinlilloch
Glasgt)W
G66 1HP
Bankers
Virgin Money
30 Sl Win¢%nl Pl
Glasgow
G1 2HL
Investment advlsors
RathboDes Inveslment Managemonl Limited
George House
George Square
Glasgow
G2 1EH
Inveslec Wealth & Investmont Ltd
5 George Square
Glasww
G2 1DY

LENZIE BENEVOLENT SOCIETY SCIO
CONTENTS
Page
Tmstees, report
Independenl examinerfs report
Statement of finanoal activities
Balance sheet
Notes lo the financxal statements
7-11

LENZIE BENEVOLENT SOCIETY SCIO
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and finan(aal ststements for the year ended 31 December 2024.
The finanGi81 slalemenls have been prepared in accordance wth Ihe accounting policies set out in note 1 of the
finan¢i¥l statements and comply with the charivs governing document. the Charities and Trustee Investment
(Scollandl Act 2005, the Charities Ac¢x)unts IScotland} Regulations 2006 {as amended) and "Accounling and
Reporting by Charities: Stalement of Recommended Practice applicable lo charities preparing their accounts in
accordan￿ wlh Ihe Financial Reporting StarKlaTd applicable in the UK and Republic of Ireland {FRS 1021
(second edition - October 2019) (effective 1 January 2019}.
ObS•ctlv¢s and activities
The Society was reconstituted as a S¢oltish Charilable IncortK>rate(l Organi5alion and entered in ihe Scottish
Charity Register by the Office ofThe Scottt'sh Charities Regulator on 31 August 2017.lts charitable purposes are
the prevention or relief of poverty- Ihe advan￿ment of edu¢ation- the advancement of the arts, heritage. culture
or saence.. the advancement of public parti(apation in sport and,. the prowsion of r9crealional facilities. with the
object of improving the condilM)ns of life for the ￿rSOnS for whom the fa(ililies or activities are primarily intended.
The Society through its charitable purrx)ses provrdes public benefit lo the inhabitsnls of Lenzie and surrounding
areas and also where the trustees consider that special arcumstsn¢es apply lo itnefil such persons who are
living outside the area but are connected with it in some way Ihrough parents or othemse. The trustees declare
that the Society's purposes which musl be exdusively charitable in terms of sedion f of the Charities and
Trustees Investment (Sco￿and) Act 2005 and are regarded as tharitsble purry)ses in relation lo the application of
th8 Taxes Acts.
The principal activlty in the period under rewiew was the assisting in relieving of povety and, through monthly
gr8nts lo approved applicants experiencing hardship or privation. Speaal granis were also awarded lo other
worthy causes meeting the criteria of the SO￿e￿s charitable purposes. The level of the Society's reserves allows
the board of IrLt51ees lo have a flexible approach to giving assistance. The tM)licy of the board is to distribute the
annual incorne of the Society lo approved applicants and as the essential liwng Costs of the benefiGiaries
continually increase due lo inllalion. the boatd ￿nSider it importanl that the annual awards are simil8rly
increased, where appropriate.
The ¢ircum$tances which cause the SocAety lo prowde finanaal assistance are varied. Serious ill health, death
and unemployment a￿ the most frequent reasons. Each case is ￿nsidered in Confide￿ and valuable finan¢i¥l
support is given.
Achievements and performance
During the period. the number of recipients of monthly grants was five. A total of £41,171 was disbursed during
the period to beneficiaries arKI comprised monthly. holiday and single granis. SpeGial grants lotalling £14.000
wew awarded lo organisalions operating in S￿lar weWaTe.
Members of the Society who are aware of any individuals who may be in need of a5Slstsnce are invited lo
contsct the board clo French Duncan LLP trading as AAB. se￿larIeS￿rea${lre￿, 133 Finnieslon Street,
Glasgow. G3 8HB.
Financlal revlew
The financial position of the s￿￿ety is sel oul in the Slatement of Finan(#al Activi￿e$ and Balance Sheet.
Ulilising its investment irthme the Society has o)nbnued to ¢>ny on lis th8rit8ble activities. The Srriety is
dependent on this investment income to continue lo do so. During the period £41,171 of benefits were disbursed
and £14.000 of special grants were awarded. The Sialement of Finan(#al A¢tiMt*s shows a surplus for the period
of £22.411 of which £52.614 is net gains on investments. The net assets 8re £2.628.686 al 31 December 2024.
Reserves polS¢y
The reseNes of the Society at the year end are £2.628,686 {2023: £2.606.275). These reseNes are prfncip311y
represented by its investment portfolios. The trustees. aim is lo maintain the real value of investments and
Ihereby continue to make gr8nts and awards in line with its charitable purpK)ses.

LENZIE BENEVOLENT SOCIETY SCIO
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Golng Concern
Aftér maklng approprlale énqulrl8$, the tmstsas have a rèasonable expectation that Ihe Charity has adequate
re50u¥ces to conlinue in ¢)peralK)nal exisIen￿ for the foreseeable future. For this reason they continue to adopt
the going Concem basis in P￿paring the finanual 5ts1ements. FuTlher detsi15 are given in the accounting policy
Invgstment policy
Thè Investments are helo In ￿rdance the trustees, powers. The Investment policy whlch 15 regularly
revièwed by the is aimed at maintaining the real value of the general fund over a period of years and
thereby providing a reasonable level of income for grant making purwses. The ethical investment content of the
share tx)rtlolio is reviewed by trustees.
The Society's investmenl advisers are Rathtx)nes and Investec Weatth & Investmenl who m8nage the Socievs
rtfolios, wth all recommndab'ons ￿ing pul b61or8 board of trLkslÉ&s and adioned wher8 appiopriale. The
markel valua of listed investmenis 3131 December 2024 was £2,571,952
Rlsk management
The bo8rd maintains a risk iegisler and a5ses585 any wt8nti81 major op￿rational risks faced by the SocAely. At its
quarterfy meeb.ngs the key a￿8$ addressed are: the nee(1 to maintsin or wrth(Iraw financial support for those in
re(£ipl of monthly grants,. In￿8￿$￿ng awareness of the So(ieWs activities., managefflenl of the Society's share
>rlfolios and", the longer lerm goveman(* of Ihe S(Kiely. Safeg¥Jards which Ihe trustees have put in place
include regular home visks to knefidarfes. c*nvassing local clergy and othèr third parties in the community lo
identify familiès or Indlviduals in need- reguLgr mèeling5 with the So(>etl5 investment advisers.
Plans for future periods
Tha Iruslees w611 wnbnue lo nK)niloi Ihe ￿￿1[are of the I￿ne￿￿aries lo Ythom it alTeady provides rM>nthly grants
8nd il will look lo identify olh8r wieGessilous cases. The trustees will also assess applicats.ons lor special finanaal
ass15tance.
Using its appliGation apprdiSal prLKedure5, trustees will conshler if the application ￿￿ets the ne￿ssary
criteria. The board thrill review appli(zlTOnS IhrougFKJuI the year and te miThJfiJl of the level of awards when
compared Lo investment iwKom&
Sttucture, governance and management
The Society was reconsti￿ted as a Scottish charitab￿ I￿￿￿rat8d Organisation on 31 August 2017. Promsions
re￿￿ng to charitable purposes. members. trustees and administration are contained in the Scriety's cx)nstitution.
The membets elect the trustees tptho a￿ reswnsible for SoLietys Strategy. polices and governan￿. The
boArd meets on a quartedy basis lo review the performance of the Socyety's charitable aclNities Ihe
Society's financ¢al performance. Administration is carried out by the secretaries & treasurers.
The iruste'6
viho OL'Ned during t1￿ year and up to Ihe date of wgnature of Il* financial ststements were..
Re¢rultment and appolntment of trustees
Trustees are appointed by the members at the Annual General Mealing. Reliring trustees are elFgible for re-
appoSnbnènt. Appolntmènt Is by ￿mple maN)rty of those present. General meetings require a quorum of18n.

LENZIE BENEVOLENT SOCIETY SCIO
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Induetlon and tralnlng of trustses
The Board identifies suitabla (2ndldat8s from wllhln thè mèmbershlp. The ¢¥ndldats Is approached and the rola
and activities explained. Care 15 taken lo ensure conflicts of interesL The candidate us directed towards
guidance from the offi￿ of Ihe Scottish Charities Regulator.
Related partles
Ntsne of th8 trusta8s recaive remuneration or I￿￿9(1ts aTisirvJ from their wLYk for the &Kiely
eNed as directors of Lenae Estale Company Ltd tjuring the perl¢)J. The Society own5 100°/u of the
issued share capital of Lenzie Estate Company Ltd.
Statèmgnt of tru81ee8' respon8ibilitie3
The trustees are resrx)nsible lor preparing the Trustees, Report and the financ?al stslements in accordance wilh
applicable law and Uniled Ki[￿￿￿ A(Eounting Stsndar(1s (United lfjngdorn Generally knepled Accounting
Practs￿l.
The law applicable to charities in ScoUaThJ requires the trustees io pr6parè financial slatements lor each finan(yal
year whkh glve a true and fair wew of the state of affairs of the th￿lty and of tha incxjming rèsouto%s and
application ol resources of the charity for that year.
In preparing these financjal stat￿￿ntS. the Injslees are requi￿1 lo:
- select suitable a(xounling poli(Aes and th￿ apply them (￿nSiSten￿y.
- observe the methods arvj principles in the charities SORP..
- make judgements and e5tirnales that are reasonable and prudent:
state wh81her applicable aLvJvnting standards have been folk)wed. subject to any material departures
disdosed and explained in the finar￿la1 state￿rts" and
prepare the financial slalements on the going (x)no%m basis unle&s it is inappropriate to presume that thè
chaiily I￿11 conUnu8 In opèratH)n.
The trustees a￿ responsible for keeping sufficient accounting records ihat disdose wilh reasonable 8caJr8cy at
any lime the financial position of the charity and enable Ihem lo ensure that the finanaal siaiemenls comply with
the Charities and Truslee Investment IScotland} Act 2005. the Charities Accounts Iscouandl Regulations 2006
{8s amendeé) and the p¥ovis(Olls of Ihe trust deed. They a￿ also Tesponsible lor safeguarding tho asseis of the
charity and hence for ta￿.￿g reasonable steps for the prevention and detection of fraud and other irregularities.
Independent examlner
In aceordallce wth the companys attides. a resolution proposing that￿..A. of McEwen & Co bè
reappointed as Independent Examiner of the ujmpany will ￿ put al a GE¥f*iai
The Irusiees. report was approved by the Board ofTruslees.
French Duncar¢ LLP irading as A4B
SeGreiarips & Tregsur8rs

LENZIE BENEVOLENT SOCIETY SCIO
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LENZIE BENEVOLENT SOCIETY SCIO
I report on the finanaal slatèmenis of th8 charity for the year endad 31 December 2024. vthic* a￿ sel oul on
pages Sto 11.
Respective respon$lbllrtle¥ of trn$t•ès and èxamlnèr
The charity's trustees are reSponsi￿e for the prepar21ion of the finar￿la1 staterr*nts in accordance with the terms
of the Charities and Tiuslee Investments {ScotL4ndl Act 2(X)5 and the chariti.es AC£￿￿￿tS (Scotlandl Regulations
2006 las amended). The Gharity's trustees consider that the audit requirern8nl of Regulation 1011Kal lo Icl of the
2006 Accounts Regulations la5 arnended) does not apply. 11 Is my responsibility to examlng the finBndal
stalemenls as required under seGtv)n 44{1Mcl of the Act arKI to statÈ whèlhér parthxjlar matlers havè ttoma lo my
attenth)n.
Basis of independent examinerfs statement
My examinalion is carried oul in accordance wilh RwJulal¥)n 11 of Iho Charities A(£ounls (ScoUarKII Regulalions
2006 {as amended). An examination includes a remew of the accwnting records kepl by the charity and a
comparison of Ihe finanryal statemenls presented those records. 11 also includes consideration of any
unusual items or disclosures in the finanual slalements. and seeks expL4natsons from the twslees concerning
any such matters. The pr¢xedurtss undertakèn do not provide all the evklence that would be required in an atjdit
and consequenuy I do not eXp￿$S an au¢Jii opinN)n ￿ the view given by the financtal stalemenls.
Independent examlnerfs statement
In corbneclion with my examination. no other wnall81 exc8pl that roferred to in the prèvious paragraph has (x)mÈ to
my attention..
la) which gives mg r8asonab18 caus8 lo b8110￿ that in any malerial Tesp8ct Ihe requirements:
lo keep accounting retx>rds in accordance with sectK)n 4411) (a) of the 2005 Act and Regulation 4 of
the 2006 A(xx)unts Regulations (as amended},' and
(ill to prepare financial slatements whith accord wilh Ihe accounbng records and comF4y with Regulation
8 of the 2006 Acryjunls Regulations las amended):
ha￿ not beèn mat or
Ib) lo which. in my opinh)n. attention should be drawn in order to enable a prokEr underslanding of Ihe
rinancial stalements to be reached.
McEivc.n & Co
2 Broadcroft
lfjrkiniilloch
Glasgow
G66 1HP
. |.912a25

LENZIE BENEVOLENT SOCIETY SCIO
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
fund5
2024
Unrestricted
funds
2023
Notes
Income from:
Donalions and legacies
Inveslmenis
40
65,908
63,081
Total Incom•
63.101
65.948
Expenditure on-
Charitsble actimties
93.304
73.721
Total expenditure
93,304
73,721
Net gainslllossesl on investments
52,614
105,142
Net income and movement in funds
22,411
97,369
Reconclllat5on of funds:
Fund balances at 1 January 2024
2.606.275
2,508,906
Fund balances at 31 DeC•M￿r 2024
2.628.686
2,606.275
The statement of fin8n¢i81 a¢tivilies iThJudes 811 gains and tosses recA)gnised in the year. All income and expendilure
derives from ¢ontinving activities.

LENZIE BENEVOLENT SOCIETY SCIO
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Flxed assets
Investments
10
2,573,252
2,533,194
Current assets
Debtors
Cash at bank and in hand
11
4.625
60.225
5.597
76.189
81.786
Cr8dltors: amounts falling due within
one year
12
19.416)
(8,705}
Net current Jssets
55,434
73,081
Total assets less current liabilities
2.628.686
2,606,275
The funds of the charlty
Unrestricted funds
13
2.628,686
2.606,275
2.628.686
2.606.275
'riip Iiiiin-,Iril :;131E:niLnl.E ivprp appmved by Ihe trustee5 On
Trustee
Trustee

LENZIE BENEVOLENT SOCIETY SCIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
1.1 Accounting convention
The financial stslements have been prepared in accordance the charivs goveming document, the
Charities and Trustee Investment {Scollandl Act 2005. the Charities Accounts {Scotlandl Regulalions 2006
las amended) and "Accounting and Rep￿ts"ng 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 IFRS 1021 (se¢x>rKI edilion - October 2019) {effecbve 1 January 20191. The charity is a
Public Benefit Entily as defined by FRS 102.
The fin8n¢i81 statements are Prepared in sleding. which is the functional ojrrency of the charity- Monelary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the hislorical cost convention. modified lo include the
revaluation of ￿rtain financial instruments al f￿r value. The prin￿paI accounting policies adopted are set out
below.
1.2 Going concem
Al the lime of approving the finanaal statements. the trustees have remewed the tuture funding and activities
of the charity. The trustees have a reasonable expectalion thal the charity has adeqvale resources to continue
in operational existence for the foreseeable future. Thus the tnjstees continue to adopt the going concem
basis of 8e&x)unting in preparing the finanaal statements.
1.3 Charltabl¥ fund$
The general fund represents the anKJunt set aside to ensure the (x)ntinuing ch8rttable activities of the Society.
1.4 Incoming resources
Income is recognised when the charity has en￿￿ement io the funds. it is probable that the in(XTrme wll be
re￿iVed and the ar￿Unt can be me&8ured reliably.
MeTnbership income. legacjes and bequests are recognised in Ihe accounis when they are rec6ivablo.
Investment Income is staled net in the accounts on a cash basis. Bank Interest is stated gross in Ihe accounts
as they are received gross on a cash basis.
1.5 Resources expended
Resour￿8 expended are induded in the Statement of Fina￿al Activities on an aLxruals basis. inclusive of
any VAT which cannot be rec4)vered. (>JvemarKe wsts cx)mprise all ￿StS involving the public accountability
of the ¢harity and its Complian￿ with regulation and good practice. These costs include costs related lo
independenl examination and legal fees.
Grants lo Benefi¢larl•s
Grants paid to benefi¢iaries are wholty discretionary. The board a￿ayS keen to seek out further
beneficiaries who could benefit from the SoCie￿s help.
1.6 Flxed ass¢t Investmènts
Listed Investments are stated at market value at the b3lan(* sheet date. The Statement of Financlal Activities
includes the net gains and losses arising on revaluations and disposals throughout the year. The only unlisted
investment (The Lenzie Estate Ccmnpany Lld.) ￿ntinUeS to be shown at (x)st

LENZIE BENEVOLENT SOCIETY SCIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacies
Unrestricted
funds
2024
Unr•strlctèd
funds
2023
Membership fees
20
40
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Incorne from listed investmerbts
Interest re￿Ivable
62.114
967
65.056
852
63.081
65,908
Expenditure on charitable activitles
2024
2023
Benefits disbursed and donali(
55.171
39.824
Share of support costs (see note 51
Shale of govemance costs (see note 5)
37.333
33.057
93.304
73,721
Analysis by fund
Unreslricled funds
93.304
73.721

LENZIE BENEVOLENT SOCIETY SCIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support eosts allocatèd lo a¢tlvltl¢s
2024
2023
Secretarial fees
Nominee company ¢h8rges
VAT
Governance costs
12.803
17,527
7.003
8(K)
10.950
16.504
5,603
38.133
33,897
Governance costs comprise:
Independenl examIne￿S fee
800
Trusteès
None of the tTU51ees {or any persons ￿nnected 7hith them) r￿￿ed any ￿mUneration or benefits from the
charity during the year.
Employees
The average monthly number of empknyees during ￿ year was..
2024
Number
2023
Number
Total
There were no employees whose annual remuneralion was more than £60.000.
Net galnslllossesl on Investments
UnTestricted Unrestricted
funds
funds
2024
2023
Revaluation of investhients
Gainlllo&81 on sale of investments
66,742
(14.128)
84,117
21.025
52.614
105,142
Taxatlon
The charity is exempt from taxation on its acti￿tieS Wuse JI ils In￿Me is applied for challtable purw)ses.

LENZIE BENEVOLENT SOCIETY SCIO
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Fixed asset investments
Listed
Unlisted
investments investsnents
Total
Cost or valuation
Al 1 January 2024
Additions
Valuation changes
Disp05als
2,531,894
283.588
52.642
{296,1721
1.300
2,533,194
283,588
52,642
(296,172}
Al 31 De￿mber 2024
2.571.952
1.300
2.573.252
Carrylng amount
At 31 December2024
2.571.952
1.300
2.573.252
Al 31 December 2023
2,531,894
1,300
2,533.194
The value of listed investments at cost as at 31 December 2024 is £2.171.82512023.' £2.165.359}.
Unlisted investments (x)mprises 1.300 ordinary shares of £1 each in Lenzle Estate Company Ltd.
11
Debtors
2024
2023
Amounts falllng due wthln one year:
Other debtors
4.625
5.597
12 Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
9.416
8.705
13 unrestrict￿ lunds
The income funds of tho charity irK4ude the followng unrestricted funds..
At 1 January
2024
Incomlng
resources
Resources
expended
Galns and
losses
At31
Decembar
2024
General funds
2.6r￿.275
63,101
{93.304)
52.614
2.628.686
10-

LENZIE BENEVOLENT SOCIETY SCIO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Unrestrlcted fund5
(Continued)
Previou5 year-
At 1 January
2023
Incoming
resources
Resources
expended
Gains and
losses
At31
December
2023
General funds
2.508.906
65.948
173.721)
105.142
2,606.275
14 Analysis of net assets between funds
UnTestricted Unreslricled
funds
funds
2024
2023
Fund balances at 31 December 2024 8re represented ty.
Inveslments
Nel current assets
2,573,252
55,434
2.533.194
73,081
2,628,686
2,606.275
15 Related party transactions
There wele no disclosable related paty transactions duiing the year {2023- ￿ne).
11