LOCH ARTHUR RUTH TRUSTEES• REPORT AND FINANCIAL STATEMENTS 31- MARCH 2025 scorrisH CHARITY NUMBER:. SC048871 CARSON & TROTTER CHARTERED ACCOUNTANTS 123 IRISH STREET DUMFRIES DG12PE
RTH TH CONTENTS OF THE FINANCIAL STATEMENT FOR THE YEAR ENDED 3187 MARCH 2025 Page Report of the Trustees Independent Examiner's Report Statement ol Flnanclal Activitles Balance Sheet Note8 to Ihe Flnanclal Statements 7-11
LOCH ARTH RRUT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 202 The trustees of Loch Arthur Ruth {Trspectlvely 'the trustees" and "Ihe charity.) present their report with the financial statements of the charity for the year to 31 March 2025. The trustees have adopted the provislons of Accountlng and Reporting by Charities. Statement of Recommended Practice appllcable to ch8ri1ies preparlng their accounts in accord8nce wilh the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) {effectiv8 1 January 2015). OBJECTIVES AND ACTIVITIES ObJectlve8 and alm8 The purpose of the Charity is lo promole, advance and further Its charitable purp08e8 by making provision for the support (financial or othepwise) of Co-workers or ex-co-workers at Loch Arthur Camphill Community Limited who are at or past the polnt of retirement from Iheir working life (which will ordinarily be at Ihe point of reaching the national retirement age),, and in limited circumstances, to be determined from lime to time and case by case as appropriate by Ihe trustees, spouses, clvil partners, cohabitants and olher dependents of a Co-worker, in 811 cases where such persons have become Ihrough old age. slckness, Infinnity, poverty or other disadvantage In need of financial support, care, nursing, accommodation andlor anthroposophical. medical or other treatment wlth all support provided being closely connected to issues of age and based on need without any Individual being ents'tled to support from the charity. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles During Ihe year grants of £81,047 were approved. It Is expected Ihat Ihe level of grants will Increase 8nnually as the number of polenlially qualifying beneficiaries increases. FINANCIAL REVIEW Flnanclal po8ltlon The year lo 31 March 2025 has seen a surplus of £82.627, (2024: Surplus £223,799). Total funds held al the yearend are £2,388,289, all of which are unrestricted. Invo8tment pollcy and objectlves The trustees plan to make donations from the funds whlch they now hold together with income generated from Ihe Investment porffolio and any further conlributions received. Sarasin & Partners LLP manage the portfollo on 8 balanced medlum risk and the trustees are happy with the performance so far. R•88rve8 poIIcy The trustees are happy that the reserves are of a level that wlll continue to generate enough income for the charity to continue making grants from the income generated for the foreseeable future as supplemenled by continuing contributlons. Golng concorn The financial statements have been prepared on 8 going concern basis as the Irustees believe that no materlal uncert81ntles exlst. The trustees have considered the level of funds held and expeGled level of income and expenditure for 12 months from 8Uthorislng these financial statements. The budgeted income and expendilure is 8ufficienl wlth Ihe level of reserves for the charity lo be able to continue 88 a going concern. STRUCTURE, GOVERNANCE AND MANAGEMENT Govornlng document The charity Is controlled by Its govemlng document and constltutlon as a Scottlsh Charitable Incorporated Organlsation (SCIO).
LOCH ARTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3187 MARCH 202 Recrultmfrnt and appolntment of n•w tru8t•O8 Trustees are appointed by the members of the SCIO In line wllh the goveming constitution. The minimum number of trustees is five {whlch shall include a Chalr of the SCIO, If 8pplicable) and the maximum 58 seven. Organlsatlonal 8tructuro The Trustees act under the temis of the constitution which provlde8 Ih8t Ihe SCIO wlll operate 8S "two lier. entity where there is 8 Separation of the Idenlity of the truslees, who will hold regular meetings, communicale wlth each other regularly and generally ar8 charged with the general control of the SCIO'S admlnistratlon, and the members, who have various rights including to attend meeting8 and appoint the tru8tee8. The trustees are Ihem8elve8 members by rlght of offlce. Rl8k management The trustees have a duty to identify and review the rlsks to whlch the charlly Is exposed arKI to ensure appropriate controls are In place lo provide reasonable assurance againsl fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Reglstored Charlty number SC048871 Prlnclpal address Loch Arthur Camphill Community Beeswing Dumfries DG2 8JQ Trustees Independent Eximiner Carson & Troller Chartered Accountants 123 Irish Streel Dumfries DG12PE STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees are responslble for weparlng the Report of Ihe Truslees and the financial stalements In accordance with 8ppIic8ble 18w and United Klngdom Accounllng Standard8 (United Klngdom Generally Accepted Accounting Pfactlco).
LOCH ARTHUR RUTH REPORT OF THE TRUSTEE FOR THE YEAR ENDED 318T MARCH 202 The law appllcable to charltles In Scotland, Ihe Charltles and Trustee Investment (Scotland) Act 2005, Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's consiitutlon, requlre the trustees lo prepare financlal statements for each financi81 year whlch glve a true and fair view of the state of affairs of Ihe charity and of the incoming resources and application of resources, including lh8 income and expenditure, of the charity for thal period. In preparing those financi816tatements, the trustees are required lo select 8Uitable accounting policies and then apply them con8i8lently; observe the method8 and principle8 in the Charity SORP; make judgements and estimates that are reasonable and prudent; 8t81e whether 8ppIIc8bl8 8ccounting standards have been followed, subject lo any material departures disclosed and explained in the financial statemenls; prepare the financial statements on the going concern basis unless it is inapproprlate to presume that the charity wlll contlnue in business. The trustees are responsible for keeplng proper accounting records which disclose with reasonable accuracy at any time the financial position of Ihe charily and whlch enable them to ensure that the Ilnancial statements comply with the Charities and Trustee Investment (Scotland) Act 2005. the Charities Accounts (Scolland) Regulations 2006 (as amended) and Ihe provisions of the charity's constitution. They are also responsible for safeguardlng Ihe assets of the charily and hence for taking reasonable steps for Ihe preventlon and deteclion of fraud 8nd other Irregularitle8. Approved by order of Ihe b08rd of trustees on 14th November and signed on its behalf by:
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LOCH ARTHUR RUTH I report on the accounts for th6 year ended 31 March 2025 sel out on pages four to ten, The charity's tru8tee8 afe re8ponslble for the preparation of the accounts in accordance with the terms ol the Charilies and Truslee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charlty8 trusteos consider that the audit requiremenl of Regulatlon 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 4411 Xc) of the Act and to slale whether particular matters have come to my attentlon. Ba81• of th• Ind•p•ndent •xamln•rf8 r•port My examination was Ggrrled oul in accordance with Regulallon 11 of the Charities Accounts (Scotland) Regu18tions 2006. An examin8tion includes a review of the accounting records kept by Ihe ch8rity and a comparison of the accounts presented wilh those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking exp18nation8 from you as trustees concernlng any Such malters. The procedures undertaken do not provide all the evidence Ihat would be required in an audlt. and consequentty I do nol express an audit opinion on the vlew glven by Ihe accounts. Independent examlnerfs statement In connection wlth my examinats'on, no matter has come to my attenllon: (1) whlGh glves me reasonable cause to belleve Ihat, In any material respect, the requlrements to keep accounting records in accordance with Sectlon 4q1Xa) ol the 2005 Act and Regulation 4 of the 2006 Account8 Regulations.. and to prepare accounts whlch accord with Ihe accounting records and to comply wlth Regulation 8 of the 2006 Accounts R8gulatlon8 have not been met; or (2) to which In my oplnion, altentlon should be drawn In order to enable a proper understandlng of the accounls to be re8ched. Carson & Tfollef Chartered Accountants 123 Irish Slreet Dumfries DG12PE Date: 14th November 2025
OCH ARTHUR RUTH STATEMENT OF FINANCIAL ACTIVITIE FOR THE YEAR ENDED 31ST MARCH 2025 2025 Unrestricted Fund 2024 Total funds Noles INCOME AND ENDOWMENTS FROM Donatlons and legacles Investment income 80,000 63,418 80,000 61,155 Total 143,416 141,155 EXPENDITURE ON Raising funds 492 345 Charltable actlvltle8 General 82.427 74,849 Total 60,497 65,961 Net gainsl(losses) on investments 22,130 157,838 NET INCOME 82,627 223,799 RECONCILIATION OF FUNDS Total funds brought forward 2,305,662 2.081,863 TOTAL FUNDS CARRIED FORWARD 2,388,289 2.305,662
H ARTHU LANCE SHEE 318T MARCH 2025 2025 Unrestrlcted Fund 2024 Total lunds Notes FIXED ASSETS Inveslments 2.273.953 2,188,406 CURRENT ASSETS Cash at bank Sundry Debtor8 91,032 24,500 178,543 CREDITORS Amounts falllng due wlthln one year 10 (1,196) (61,287) NET CURRENT ASSETS 2.388.289 2,305,662 TOTAL ASSETS LESS CURRENT LIABILITIES 2,388,289 2,305.662 NET ASSETS 2.388.289 2,305.662 FUNDS Unrestrlcted funds 11 2,388.289 2.305,862 TOTAL FUNDS 2,388,289 2,305.662 The financial statements were approved by the Board of Trustees and authorised for issue on 14th November 2025 and were slgned on Its behalf by:
LOCH ARTHUR RUTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 8T MARCH 20 1. ACCOUNTING POLICIES Ba818 of preparlng the financlal 8tatementB The financlal stalements of the charlty, which is a public benefil entity under FRS 102. have been prepared in accordance with the Charitles SORP (FRS 102) 'Accounting and Reporting by Chariiies: Statement of Recommended Practice 8ppllcable to charities preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effecllve 1 January 2015),, Financlal Reporting Standard 102 The Financial Reporting Slandard applicable in the UK and Republic of Ireland. and the Charlties and Truslee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention with the 8xceptlon of investments which are included at falr value. as modified by the revalualion of certain assets. The Charity constitules a Public Benefit Entity as defined by FRS 102. Income All income Is recognised in the Statement of Financi81 Activities once the charity has entitlement to the funds, it Is probable that the income will be received. and the amount can be measured reliably. Exp8ndltur• Liabilities are recognised as expendilure as soon as there Is a legal or conslructlve obllgation committlng the charity lo that expenditure. It Is probable that 8 transfer of economlc benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure Is accounted for on an accruals basis and has been classified under headings Ihat aggregate all cost related to the category. Where costs cannot b8 dlrectly attributed to particular headings they have been allocated lo activitles on a basis conslst6nt with the use of resources. Grants offered subject to conditlons whlch have nol been met at the year end dale are noted as a commitment but not accrued as expenditure. Ralslng funds The GOSt8 of generaling funds consisl of investment management and insurance costs. Charltable actlvltlos The expenditure on chadtable actlvltles Includes an apportlonm6nt of support costs as shown in note 7. Allocatlon and apportionment of co8t8 Support costs have been differentlated between governance costs and other support costs. Govemance costs comprise all costs Involving the public accountability of the charity and its compliance with regulation and good practice. These costs Include costs related lo the Independent Examination of the financial statements. Dobtor8 and cr•dltor8 rocolvablo I payablo wlthln ono year Debtors and credltors with no stated Interest rate and recelvable or pay8ble wlthin one year are recorded at transaction price. Any losses arising from Impalrment are recognised In expenditure. Taxatlon The Trust Is an exempt charity wllhin the meanlng of schedule 3 of the Charities Act 2011 and is consldered lo pass the tesls set out In Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meels the definition of a charitable company for UK corporation tax purposes.
LOCH ARTHUR RUTH NOTES T HE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 1. ACCOUNTING POLICIES . contlnuod Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discrelion of the trustees. Restrlcted funds can only be used for particular restricted purpose8 wlthln the objects of the charity. Restrictions arise when specified by Ihe donor or when funds are raised for particular restrlcted purposes. All assels of the charity are considered as unre8lricted. The use of these funds remalns at the Irustees discretion lo be used in accordance with Ihe charitable objectives of the Trust. Inve8tmonl8 Inveslrnents are recognlsed Initlally at falr value which is normally the tr8ns8Ctlon price excluding Iransaction costs. Subsequently, they are measured at fair value wlth changes recognised In 'net gains l (losses) on inveslmenls, in the SOFA if the shares are publlcly traded or their falr value can otherwise be measured reliably. Other investrnenls afe measured al cost less Impairment. Golng Concern The financial slatemenls have been prepared on a going concern basis as the twstees believe Ihat no material uncertainties exist. The trustees have considered the level of lunds held and the expected level of income and expenditure for 12 months from 8Uthorising Ihese financial Stalements. The budgeted income and expenditure is sufficienl with the level of reserves for the charity to be able to continue as a going concem. 2. DONATIONS AND LEGACIES 2025 2024 Donallons 80,000 80.000 3. INVESTMENT INCOME 2025 2024 Inveslment income Bank account interest 63.416 61,155 63,416 61,155
CH ARTHUR RUTH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED ST MARCH 2025 4. RAISING FUNDS Ralslng donatlons and legacles 2025 2024 Insur8nce Legal fees 492 345 492 345 Investmont management CO8t8 2025 2024 Portfollo management 5. CHARITABLE ACTIVITES COSTS Grant funding of activities Support (see note (see note 6) 7) Totals General 81,047 1.380 82,427 6. GRANTS PAYABLE 2025 2024 General 81,047 73,272 The total grants paid to institulions during the year is £67,584 (2024 - £60,091 }. 7. SUPPORT COSTS 2025 2024 General 1,380 1,577 Support costs, Included In the above are as follows:. Management Office and admln cosls Reglstratlon fees 205 35 342 35 240 377 Governance Accountancy 1,140 1.200
LOCH ARTHUR RUTH NOTES TO THE FINANCIAL STATEMENTS- contlnued R THE YEA ST ENDED 31 MARCH 202 8. TRUSTEES, REMUNERSATION AND BENEFITS There were no Irustees, remuneratlon or other benefits for the year ended 31•1 March 2025 nor for the year ended 3111 March 2024, Trustees, expense8 There were no trustees, expenses pald for the year ended 31" March 2025 nor for the year ended 31$1 March 2024. 9. FIXED ASSET INVESTMENTS Listed Unlisted Investments inve8tmenls Totals MARKET VALUE At 111 Apdl 2024 Addltlons Movement In cash Revaluations 2,188,406 81,945 (18.528> 22,130 2.188,406 81.945 (18,528) 22,130 At 311t March 2025 2,273,953 2,273,953 All Investments are carried at their fair value, Investments In equltles and interest yieldlng securiti6S are all traded in quoted public markels, primarily the London Stock Exchange. Holdings in common inveslment funds, unit trusts and open ended investment companies are at the bid price. The basls of falr value for quoled Investments Is equivalent to market price, using the bid price. Asset sale8 and purchases are recognlsed at the date of trade at cost (that is thelr transactlon value). All Inveslrnents 8fe held through Sarasln & Partners who Ilalse wlth the offlce bearers regularly to review Ihe investments, Investment8 (nelther listed or unllsted) were as follows: 2025 2024 Cash on deposll 222 18,750 The historical cost of the Ilsted Snvestments at 31$1 March 2025 wa8 £2,027,616 (2024- £1,945,671). 10.
CH TH NOTES TO THE FINANCIAL STATEMENTS- contlnu6d FOR THE YEAR ENDED 1ST MARCH 2 24 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Grant creditor Other credltor8 60.091 1.196 1,196 1,196 61.287 11. MOVEMENT IN FUNDS Net At rnovement At 01104124 In funds 31103125 Unro8tilcted fund8 General fvnd 2,305.662 82,627 2.388,289 TOTAL FUNDS 2,305,662 82,627 2,388,289 Net movements in funds, included In the above are as follows: Incoming Resources Gains and Movement resource8 expended losses in funds Unf08trlcted fund8 General fund 143.416 82,919 22,130 82,627 TOTAL FUNDS 143,416 82,919 22,130 82.627 x=x= Comparatives for movement in funds Net At Movement At 01104123 in funds 31103124 Unro8trlct8d funds General fund 2,081,863 223,799 2,305,662 TOTAL FUNDS 2,081.863 223,799 2,305,662 Comparative net movement In funds, Included In the above are as follows: Incoming Resources Gain8 and Movemenl resources expended losses In funds Unre8trlcted fund8 General fund 141,155 75,194 157,838 223,799 TOTAL FUNDS 141.155 75,194 157,838 223,799 11.