THE HEINRICH STEINMEYER LEGACY FUND Stottlsh Charlty: Reglstered number SC 048475 TRUSTEES ANNUAL REPORT FINANCIAL STATEMENTS I APRIL 2024 TO 31 MARCH 2025
CONTENTS FOR THE PERIOD 1ST APRIL 2024 TO 31 MARCH 2025 ST Page Charity References and information Report of the Trustees Report of the Independent Examiner Statement of Financial Activities 10 Balance Sheet 11 Notes to the Financial Statements 12-14
REFERENCE AND ADMINISTRATIVE DEfAILS Name Heinrich Steinmeyer Legacy Fund Charlty Number SC048475 TriJ4tpes Chair Vice Chair Treasurer, Secretary Trustee Trustee Trustee Principal and registered address Cornrie Community Centre The White Church Dunira Street Cornrie Perthshire PH6 2U Bankers Virgin Money Inde end Colin Crawford Associates Ltd, 53 Turretbank Drive CRIEFF PH7 4LW
HEINRICH STEINMEYER LEGACY FUND REPORT OF THE TRUSTEES FOR THE PERIOD I" APRIL 2024 TO 31" MARCH 2025 The Trustees present their report with the f inancial statements of the charity for the period f rom 1st April 2024 to 31 March 2025. The Trustees have adopted the provisions of AccountinE and Reporting.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151. BACKGROUND AND COMMENCEMENT OF ACTIVITIES Heinrich Steinmeyer was held as a German prisoner of war in Cultybraggan Camp towards the end of World War11. He directed in his Will that, after his death, "to express my gratitude to the people of Scotland for the kindne55 and generosity that I have experienced in Scotland during my imprisonment of war and hereafter" all his possessions should be sold and that his 'bequest is only intended for the people of Scotland, elderly people., His Will said that his bequest "shall be given to the Com rie Development Trust which is a listed charity., In a broadcast BBC interview, Heinrich Steinmeyer made clear that his bequest was to be used within the Com rie area. He said, 'Everything l owned will be sold and given to the people of Comrie because the Scots treated me as a human being. Heinrich Steinmeyer's wlll left money to Comrle Development Trust ICDTI as a RegSstered Charity in 2017. CDT was effectively the "Executor" and placed the money in a restricted account to be used for the elderly of Comrie, Initially, the Fund was administered by an Interim Steering Group, establlshed a5 a subcommittee by CDT. The Heinrich Stelnmeyer Legacy Fund became an Independent and separate re8iStered charlty as a Scottish Charitable Incorporated Organisatlon ISCIO) on 20 June 2018, The funds from the legacy transferred from Comrie Development Trust ICDTI to the Helnrich Steinmeyer Legacy Fund SCIO on the 23 August 2018. OBJECTIVES AND ACTIVITIES The purposes of the Helnrlch Steinmeyer Legacy Fund are to provide grant funding to a range of projects and initiatives which contribute towards the benef it the elderly in Comrie, Perthshire and that will further its charitable purposes.. al the advancement of health; bl the relief of those in need by reason of age, ill-health or disability, financial hardship or other,. cl disadvantage; dl the advancement of citlzenship or communlty development (including rural or urban regeneration); el the advancement of the arts, heritage, culture or science,. fl the advancement of public participation in sport,. gl the provision of recreational facilities, and the organisation of recreational activitie5 Wlth the object of improving the conditions of life for the person for whom facilitie5 or activities are primarily intended
HEINRICH STEINMEYER LEGACY FUND REPORT OF THE TRUSTEES FOR THE PERIOD I" APRIL 2024 TO 31" MARCH 2025 STRUCTURE GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by Its governin8 document, the Constitution of Heinrich Steinmeyer Legacy Fund SCIO. Or8anlsatlonal structure The Helnrlch Stelnmeyer Legacy Fund functions as a single-tier organisation with up to 10 Trustees, who also constitute the membership of the organis3tion, As Trustees, they are charged with the general control of the SCIO'S administration through membership of the organisation and the Legacv Fund Committee. On the Committee they are required to ensure that the SCIO operates in line with Its charitable purposes and in line with this ConstStutSon through activities such as the scrutiny of accounts and voting on particular Issues, including Brant decisions. The Heinrich Steinmeyer Legacy Fund Committee has to maintain a register of members, setting out the full name and address of each trusteelmember, the date on which he/she was admitted to membership, and the date on which any person ceased to be a member. Recrult and appolntment of Trustees The Committee shall consist of; Ten Trustee/Members who shall be elected by eligible Comrie people for three-year terms through elections held at annual public meetings arranged by the Comrie Legacy Com mittee,. Trustees/Members who may be elected during the year between annual meetings to replace trustees who have resigned f rom the Comm ittee,. this membership will lapse, and they will require to stand for election at the next annual meeting to continue in the position of Trustee/Member; Up to two additional Members, who may be co-opted by the Committee; co-opted membership shall lapse before each Legacy Annual Meeting, and co-options may be repeated by the elected Committee. The Committee Members shall elect from among themselves a Chair, Vice Chair, Secretary and Treasurer and any other such office bearers as they may consider appropriate.
HEINRICH STEINMEYER LEGACY FUND REPORT OF THE TRUSTEES FOR THE PERIOD I" APRIL 2024, TO 31 MARCH 2025 FINANCIAL MANAGEMENT Rlsk management The Trustees have assessed for major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure of any major risks identif led. Reserves Pollcv The committee will regularly consider the use of the remaining f unds over the coming years, with applications assessed by the committee and approved at meetings. Grantmakln8 The elected Legacy Comm ittee wants to make reasonable f unding decisions to f inance projects, which are feasible and affordable wlthin the amount available, and in line wlth the 2017 community survey and the votes on proposals. The Committee will focus on the top 10 sin8le and combined development5 supported in the community vote. The Committee has also a8reed the criteria to guide decision5 about grant applications by Comrle organisations. Projects and developments will requlre to.. involve older people in their planning deliver benefit to local older people. be open, available and accessible to all older people in Comrie,, and be sustainable and available to future generations of older people. The decision of the Legacy Com mittee is that funding can be considered for: capital payments to be spent on property, refurbishment, furniture and equipment; and revenue payments, restricted to start-up costs and time-limited staffing costs,. Future strategv The Committee has mana8ed to make grants which has utilised the f ull le8acy left from Mr Steinmeyer's legacv. ACHIEVEMENT AND PERFORMANCE During the financial year the Committee held committee meetings to undertake organisational duties, review f inances and consider new applications received. The committee supported a number of new activities by supporting grant applications from community organisations.
HEINRICH STEINMEYER LEGACY FUND REPORT OF THE TRUSTEES FOR THE PERIOD I" APRIL 2024 TO 31" MARCH 2025 Grants have been provided or committed to the following organisations to benefit older people in Comrie.. Comrle Millenium Path A grant of £20,000 was awarded to the group to cover the cost of the improvements to the path. Comrie Herlta8e Group A grant of £7,800 was awarded to the Club in order to purchase heaters for the museum block at Cultybraggan Camp. Comrle In Colour A grant of £4,221 was awarded to the Club in order for improve the War Memorial in Comrie by redesigning and planting the area of public space while also im provin8 access (particularly for those with wheelchairs or barrier free 3cces513nd installlng an information board. FINANCIAL REVIEW Flnanclal posltlon On l April 2024 the Legacy Fund had unrestricted funds of £32,042. During the financial year £32,021 was spent on grants. With other adminlstration costs of £30 and a donation of £9, the f und has now been fully spent out. No f unds remalns in the funds.
HEINRICH STEINMEYER LEGACY FUND REPORT OF THE TRUSTEES FOR THE PERIOD I" APRIL 2024 TO 31 MARCH 2025 STATEMENT OF TRUSTEES RESPDNSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdorn Accounting Standards. The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotlandl Act 2005, Charities Accounts {5cotlandl Regulations 2006 las amended) and the provisions of the charities constitution requires trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including income and expenditure. of the charity for that period, In preparin8 those financial statements, the trustees are required to,, select suitable accounting policies and then apply consistently; Observe the rnethods and principles in the Charity SORP,. make judgements and estlmates that are reasonable and prudent; state whether applicable accounting 5tandard5 have been followed, Subject to material departures disclosed and explained in the flnancial slatements; prepare the financial statements on the going concern basis, unless it 15 appropriate to presume that the charity will continue its business. The trustees are responsible for keepin8 proper records which disclose with reasonable accuracy at any rlrne ihe financlal Posiilon of the charlty, and to enable them to ensure the financial statements comply with the Charities and Trustees Investment Iscotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 las amendeo) and the provisions of the charities constltution. They are also responsible for safeguarding the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of Fraud and other irre8ularitie5. APPROVAL OF REPORT OF THE TRUSTEES FOR THE PERIOD I" APRIL 2024 TO 31 MARCH 2025 Approved by order of the Board of frustees on and si8ned on beh '.hairperson
HEINRICH STEINMEYER LEGACY FUND REPORT OF THE TRUSTEES FOR THE PERIOD I" APRIL 2024 TO 31 MARCH 2025 5T INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES I report on the accounts of the charity for the year ended 31 March 2025 which are set out on pages 10 to 11. Respective responsibllltle5 of trustees and examlner The trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 10051'the 2005 Act'l and the Charities Accounts (Scotlandl Regulations 2IX)6 las amended) I'the 2006 Regulations'l. The trustees consider that the audit requirement of Regulatlon 10111 Idl of the 2006 Regulatlons does not apply. It is mv responsibility to examine the accounts as required under section 4411) Icl of the 2005 Act and to state whether particular matter5 have come to my attention. Basis of Independant exarnlngr's stat•m•nt My examination is carried out in accordance with regulation 11 of the 2006 Regulation5. An eKamlnatlon Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual iterns or disclosures in the accounts and seeks explanations from the trustees concerning any such rnatters. The procedures undertaken do not provide all the evidence ihat would be required in an audit, and consequently I do not express an audit opinion on the view 8iven by the account5. Independent eJ(amlner's statement In the course of my eKamination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements.. to keep accountin8 records in accordance with section 44{11 lal of the 2005 Act and Re8ulation 4 of the 2006 Re8ulation5, ènd to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met, or to which. in my opinion, attention should be drawn in order to enable a proper understandin8 of thè accounts to be reached. On behalf of Colin Crawford Associate5 Ltd. 53 Turretbank Drive CRIEFF PH7 4LW Oate.. 8, September 2025
HEINRICH STEINMEYER LEGACY FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD I" APRIL 2024 TO 31" MARCH 2025 Unrestricted Designated Fund funds Total 2024125 Total 2023124 Notes Income and endowments from Donations and legacies Other Income Total Income Expendlture on Expenditure on raislng funds Expenditure on Charitable activities Independent Exam iners Fee 32,051 32,051 11,438 32,051 32,051 11,438 Net expendlture In year £32,051 £0 £32,051 £11,438 Transfers between funds Net movement In funds for the year 1£32,0421 £0 (£32,042) 1£11,4381 Reconclllatlon of Funds Total funds brought forward 32,042 32,042 32,042 Net movement for year las above) 132,0421 132,0421 111,4381 Total funds carrled forward £0 £0 £0 £32,042 10
HEINRICH STEINMEYER LEGACY FUND BALANCE SHEET AS AT 31 MARCH 2025 Notes Unre5trirted Fund 2025 Unrestricted Fund 2024 Flxed assets Tangible assets Tota I f ixed assets Current assets Cash at Bank Debtors Total current a55ets 32,042 32,042 Llabllltles Creditors,. Amounts fallin8 due within one vear Net current assets less current liabilities 32,042 Total assets less current Ilabllltles 32,042 Liabilities f alling due over future years Net assets £0 £32,042 The funds of the charlty Unrestricted Funds 32,042 Total funds £0 £32,042 li
HEINRICH STEINMEYER LEGACY FUND NOTES TO THE FINANCIAL STATEMENTS ST FOR THE PERIOD I" APRIL 2024 TO 31 MARCH 2025 11 Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. al 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 IFRS 1021 leffective l January 20151- (Charities SORP I FRS 1021, the Fi nancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Steinmeyer Legacy Fund meets the def inition of 3 public benef it entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated In the relevant accounting policy notels). bl Expendlture recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation comm Stting the Trust to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure Is accounted f or on an accruals basis. cl Grants Grants payable are payments made to thlrd parties In the f urtherance of the charitable objects of the Trust. In the case of an uncondition31 grant offer this is accrued once the recipient has been notified of the grant award. The notif ication gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grant award5 that are subject to the recipient fulfilling performance conditions are only accrued when it is probable that the condltlons will be met, and the grant will be paid. dl Income Income is recognised when the charity has entitlement to the f unds, any performance conditions attached to the item Isl of income have been met, it is probable that the income will be received, and the amount can be measured reliablv. For legacies, entitlement is taken a5 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 executorlsl to the Trust that a distribution will be made, or when a distribution is received from the estate. 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 leg3cy is a treated as a contingent asset and disclosed if material. 12
HEINRICH STEINMEYER LEGACY FUND el Interest receivable Interest on f unds held on deposit 15 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. fl 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. 21 Income from donatlons and legacles None. 3) Expendlture on charltable actSvltles 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.. Grant5 to organi5ation5,' 4) Grants Three grant payments were approved during the flnancial year and recorded within expenditure on charitable activities. The organisation5 approved and the f unding included were Comrie Millenium Group1£20,0001, Comrie Heritage Group1£7,8001 and Comrie in Bloom1£4,2211. 5) Cash at bank and Sn 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 f rom the date of acquisition or opening of the deposit or similar ccount. The cash 15 held with Virgin Money, the balance was nil at the end of the f Inancial year. 6} Llabllltles There are no liabilities. 7} Credltors, followln8 wlth one year There are no creditors at the 31, March 2025. 81 Independent Examlner Fee Colin Crawford A5$0Clates Itd. ha5 undertaken the independent examination of the annual accounts. The company waived their fee for this service for 2024125. The company did not perform any other Services for the charity during the year. 13
HEINRICH STEINMEYER LEGACY FUND 91 Movernent in Funds The Heinrich Steinmeyer Legècy Fund ha5 only one fund, the trustee5 have discretion to Use the funds as they see fit to deliver the objectives of the charity. The net movement in funds, and the fund balances at 31.3.25 are as follows: Balance at 1.4,24 Incoming resources Resources expended Movement in Funds Balance at 31.3.25 Unrestricted funds General Fund 32.042 32,051 132,0421 Designated Funds Restrlrted Funds Total Funds £32,042 £9 £32,051 (£32,042) £0 10) Trustee3 received £30 to cover expenses she Incurred for the chailty. The £30 covered the cosis of general expenses None of the trustees lor any person connected with them) received any remuneration during the year, 111 Employees The charity did nol employ any staff during the year, 12) Tanglble Flxed Assets The charitv does not have any fixed assets. 131 Related partles 14) Donated 8oods, f?cllltles and servlees The charity, other than the volunteer time 8iven by the trustees, did not recelve any donated services, 8ood or service5 during the period apart from the Independent examlner. 14