£Lo L4qO3L.ZOIO.I
". Onaway
The Onaway Trust
Flnan¢ial slatemonts forthe
y•ar ended 31 Deceffl￿r 2020
S¢oldsh Charlty Number. SC049032

The Onaway Trust
Contents
Page
TFUStees' annual rep(Kt
Independent auditrrfs report to the mwnbe
10-12
statement of financial *ivrl
13
Statement of finanaal positiL
14
Notes to the finarKial stalemer
15-30
The following page$ do not forni part ￿ tho financial stat•m?nts
Anatysis of grants made
31

The Onaway Trust
Chartty Infonnallon
Trustees
Reglstwed & Prlndpal Offic•
Donawjurd Famihousè
Ik)navourd
PH16 5JS
A￿et Managws
Sixth Flcor, Atra One
Edinburgh
EH3 8EX
Bankers
CAF BANK Linniied
25 Kings Him Aver￿8
Ktngs Hill
West MalliNJ
Kent
ME194JJ
Sollcitors
J&HMitchelWS
51 Athol Ri%
Piitochry
PH16 5BU
Audltors
45 Queens Rd
AB154ZN
5￿ttIsh Charfty Number

Th• Onaway Trust
Trustees, annual report
The Trustees piesent their rekkn and the financial statements of the for the year ended 31
December 2020.The tharity infwrnakn set ryjt on page I forn￿ wi of thk8 rerM)rt.
Slgnincxrt changes In th¢ year
Fdk)wing the completion of registration wilh the l)ffte of the Scotttsh Charity Regulator (08CR) to
becxjme a Scottish Charitatrfe IrthrprTrted Organisalion {SCIO) in 2019, on 3ftJ September 2019, in
line wrth agreements with the Charity Commisshjn of ErylaThJ Wales. au assets from the Onaway
Trust We￿ transfe￿ to the new SCIO. Onaway Trust 2019.
The Onaway Trust is rts)w a fuuy inixjrporated havi1¥3 charitable status under the charl￿eS and
Trustee Investment
Ad 2005. 2020 saw the ￿ntInUation of progress in long%Jlanned
slructurat charoes designed to nK#Jemise stre￿11* the structure of the charlty and lo simplfy its
regulation.
On 10 March 2020. OSCR approved the Charity changing its to The Onaway TrusL The
Twsl also (Xjmrnenced the pro￿$ of winding up its related company, Onaway Property Limited,
by initiating the pro￿$ of transfer1Th￿ the hertsbfe woperty from Ihe company to the Tnjst.
The legal transfer ofthe heFitth wopty tcNJ( p*e on 11 Mawth 2020.
The ¢onnected company, ckna￿ay F¥cp8rty Limiled, was dtssofved vi8 volurtary str*e off ￿ 22nd
June 2021.
Tn￿t daed arKI new SCIO constitullon
The 01￿Y Trust was orignalty established in 1974 under a Tnrsl deed (amended Apnl 2Q14 and
July 2018) and govemed ty Charity Commissil￿ of Englar#J Wal8s and OSCR. Thrs ￿giStration
ceased on 3rd September 2019. and wa5 supws*d by the nv* SCIO constitution arml govemod
solefy by OSCF
Agreeing the new consltiutton provided ￿ tdeal OPWnty to refine the woth ofthe organisation -
whilst carefulty keeping within the (xiginal #itentions of the late foU￿lets. As a result, the Charitable
Purposes of the new SCIO are:
to provide fin￿￿￿1 an(J otrw suppK￿ to 1r￿19en0￿ per*s around the wothj whlth helps to
n￿ntain their and dignty. aml thweby ains.
to relie￿ their Fovety LY fina￿xI hardsti¥ty.
to tharM￿ tsir educat[(￿,
to advance their religon or beliets.
to advar￿e their arts, OJ￿ure, t￿rtage or scler￿,
to advance envinnmenta protèction or rmprovemenL
to promote equalty and diveTsty. or ratial harmony. andlor
to advance human ThJh￿ ¢ty)fiicl resO￿tion or re¢onialiatton; and
lo pffjwde support and a$35stan￿ lo rwAe In r*ed as a resith offamine andlor natural
disasters aroun(J the wortd.
The Trustees of The Onaway Trust honour and respect its late
founders, Barbara Jean Pilkington and John Morris.
Their genemsity of spirit and clear vlsion in providing seed
funds for community pmjects Ihives on in the new constitution
and continues to strengthen and impmve the lives of
Indigenous Peoples.

The Onaway Tn4St
Trugtses. annual report (conllnuod)
Appolntm•nt of Tru8tO0S
Al each Amual Mwnbers Meelry. on￿1￿ Of￿ Twste65 (wthe nearest number downwards) shal
relire from offi￿. A retlring Trustee shall be el*tble kn reeleclM)n after one tenn of office, but no
Trustee can serve rwe than thre8 consecutive temts of offi￿. wlhout at least ￿e year ¢￿rt of office
befr)re being eligiblo again. If no otherTrustee has or TNstee5 have dery.ded or agreed to retire. the
Trustees to ￿ttle al each AMM shall be ttM)se who have been bngest in office since Iheir last electton
as belween persons who were elected (Y lasl rtreleC1￿ Twstees on the same day, the one
ones to relire shall lU￿eSS they othefwse agree a￿￿)n9SttheMSely￿9} bg detemiined by tot.
Electlon of any Trustee Shall b8 by vots of ts olhw Trustees. eath Tnjstee one vote for ead)
va￿ncY in the Trustees on the Bfwd.
New Trustees wll b8 gNen a frjll induction and iitrotheed to the manag￿ent and athnintstration
systems In pla￿. To ensure Ihe charity is eiTicienl. effective and w)perty managed, Trustees are
provided access to 81ectronic c(Vi8s of the finani?al statements. Trustee minutes and the latest OSCR
publications for good governa￿e and reo)mmended practice. AJI Trustees of Th Onaway frust are
asked to sign a 'Dedaration of Elig￿)11￿. in line with cJJrrent regulations and T8￿mmendatiOns.
In selecting persons to be appO￿ted as Trustees. Trustees take into aco)unt the beneffts of
appointing 8 person who is abte. by virtue of his or h8r pers(￿1 or professional qualificath￿S. to makè
a contrltrArticrf) to the puNilt of Its oty'ects and tho managewit of Ihe charity.
Rlsk managoment
The Onaway Trust has d8Yekn￿j a r￿k strategyfor M&asur￿g probabilty and impact
whilst agreeing steps for mitigation. This is rev4evKd on an ongfyng basis with any Wential risks
Jded and S￿ed 8cuYdwigty.
Throug
dlreclor,
e prwiwal responsibilty for day4trday Op￿81￿￿ was delegated to the Trust's
The Trust88s of Onaway from a variety of backgrounts and toOier possess a balance of
charitable, govemartt, elhi¢al. legal and c4)mmerc481 experienc8. Where apwopriate, the Onaway
Trust employs professlonals to advise on Investm￿ accounting and W matters. The proper
knsurance agreements are in to [￿tect the SCI(Ys assets. trusts8S. P)tential eMpb)Ye￿ I
voluntws and L>Jttraclots.
The Trust Conslders its key fflanagem￿t pws(mel to be the TnBlees.

Th• (kny Trust
Trustees, annual report (contlnued)
Related party transactions
Durbng 2020 an inherited and related paty tr8nsaclion wl)ich p￿ed a fjnancial r￿k to the SCIO was
finally resofved. As a re5uIt. and folbJwing ￿th ieg* advice, the SCIO accepted litle to the
heritable propety (valued at £552.000> avmfj the ￿tstandIng loan {valu8 £220,156) wlth the conneL*d
Llmlted Company dissobrtl) was waved, hayw￿ &Kev￿$ty be￿ WOVFded for in full.
Details of olher related party trans*1￿ can b8 #i nole 16.
-_ nbi@ctlves and actlvities for the P￿1¢ ￿￿offt
As per Ihe new ￿n$￿t￿On, thEOnawtyTrnst-wovMknkn_l and other suprx%t to indigenous
P80ples around the W￿k1 hélping maintain their identity and dignty. Indigenous pop(tsts0nsf￿tsTrHW_-
to be habitually disGriminated against so grants are made through small ¢haiilies trj ensure funds
The Trustees continue to pronM>t8 selt-hdp and seW-SLÉts¥)abilty waL*ces aThl en¢oLW organic
principles to [￿te(l and promote tr* 0¥￿8￿ of the sol.
In addition. the SCIO also swports caNs for ￿ManItarIan asslstanc6 for immedrate reli8f fdtowing
nalural disasters or other ¢afamilies.
Trustees ￿￿Onalty make tr¥ts to audit the result of pr(4ects the ground, and to seek possible
new project opportuThties either direclly or through trusted pathers. During 2020. due to travel
restricbons as a resu￿ of CoYid-19, thts vas not Inste*J. the chW Telied on trusted local
partners to provide assurance o)st effectivety.
Grant maklng polky
AppI￿at￿S are made to the SCIO tl*wglMxrt the year via the **bsite. ty trusted kMg.terni
associates overseas or by pers￿al recommendation by Trustees. These are then analysed for the
extenl to which they n*et the c*klritable pwposes and other criteria. Short4thd prciecls are then
nsidered for funding by the Board.
How Onaway grant delivered public b•nefft- a revl•w of a¢hièvements and
perfomwnce In 2020
In setting thw objectives and plaming aclivitss, tr* Ixiard rrf Trustees have gNan careful
conslderalion to tr* Charities avxl Trustee Investrnent {Scotland) Act 2005.
Advan
Running Strong for American Indian Youth- US- È4.032
pl￿ Inlemational - Slim Buttes Garden- US- £3.764
Tribes and Nabjres Defenders- Philippines- £16.993
Lrght Kids kniety- India- £7,579
VITA- IrelandEthiopia- £5,976

The Onaway Trust
Tw8t•os' annual r•port Iconllnu
How Onaway grant prograrnmgs dglivor•d publk b8Mfft- a review of achlevements and
perfommnce In 2020 Icontlnuod
To relleve thelr
orfioanrijl hardshi
Sacred Healing Ctrclg- US- £3.759
Tairona Heritage Trust Kogi- C￿d19 ref￿f- UKIColL)mbia- £5,(K)O
Tribes and Nalures Defenders- Covid19 relief - PTrHlippvies- £7.978
Liierale$ WeEfaTr Association - Covid19 relief - IrKka- £9,421
Lilerates Welfare ASS0￿￿on - &)ats project- INlia- £9.233
Plenty Canada - Covid19 relef - GuaternalalPevu £8.160
Plenty Canada - Cowd19 re￿e1- Peru £7,933
Plwty Intemational- Anpo 'MiW Davis- £4,062
an
Sacred Heallng Circle- US- £1.710
Advancè thèir oducation
Magic of Life Trust- UK- £2,1)01
Joseph Educat50nal Trust- India- £2.869
The Friends of H.O.P.E. Sch¢)ol fees- I￿r￿- £350
Advance thelr rell lon or ljelléls
PLENTY Intemath)nal- Llnda DekThler- £5.722
Monltorfng achi•v•m•nt
We also made I￿estments to support the development ofthe dwty to better enable us to xhi8ve
our objects over the medium and long4emi. Thts bulds on strdtegic devetopment work carried out in
previous years. Thi8 indudes the final settlerrent of a £1.8W lo ONLY Studv) for work cawied out in
earlier reporting wiods.
Th& Trustees have due regard to OSCR gufvjaTh￿ on tenefft when exercising any power or
duty to which the guidanrk is relevanL
As part of its fvndvig proF*)sa every prwt must makè a Stateff￿ of its anticipated benefits. This
provKles the b￿￿rn￿k agwst wPuth to measuro ac1w¥￿L There are a number of non-ex¢lusfve
methods measurfng this.
The first is that every wqect is required to wowde a reporL backed with photcgaplwc evtdence at the
end of the project and before additional stage payments are All these rep￿ are scrutinised
by Ihe Trustees: a sample are then consider&J in more detad to lessons to Knprovo fubJr8
grant deasions or to identfy wtential followwon
This reliance on written reports does ratse a risk that fiKyJs may be misapplied or. likely, the
achievement overstated. Given the size of Ihe (tsity, the size of the ￿ants (rarely exceeding
£10.000) and the worldwide spread of benefKiaries. it is not judged proF*Ntionate or ac*levabte to
conduct an iTrp8Tr0n audit visit to each Hcpwever. a number of mitrjattons are put in pla￿.
The first is that w4e¢t pr(4)osals need to be sthnitted by aEyoved and authorised charitable
organisations operating a valtyj bank account. This provides a basi$ level of assurance wtth all forelgn
grants made via bank transfer- eliminating any risk aS￿l?1ed with cheque interception.
Secondly. Injsted inth¢￿D1ry lnterkMJrt￿ VFSit wr4e(ts arvj pYovKl8 inf(¥mal and forn￿1 progress
reports.

Tho Onaway Trust
Tn￿. annual rewt (¢ontinu•d)
H¢M Onaway grant programmos deliv￿ bornfft- • rnview of a¢hievwnonts ?nd
perfomwi¢e In 2020 (Contlnued)
Flnanclal Revlew
Th& capit81 reserves ofth8 OnwKay Trust ￿l￿nate from its f(￿￿d￿. Miss B J Pl1k￿n and conth)ue
to provide the core ofthe charilrfs caFital. The main (kniective cl Onaway board is to preseThe the
capital value of the inestment fund (including UK infiation - RPI) in order to FKo¥ide an inc4Jmè for the
Charitable Purposes ofthe Tnjst and the projects it suprA)rts.
total value of the POTlfoiK) reduced from £5,010.29212019) to £4,781.951 (2020) representing a
-drop_of4.56% during 2020. Since Ihen. wa￿ation has recovered to £5,352.490 (5 Aug 211.
The Onaway Tru$t'$ investments are managed by Brevm Dc4pTrKn SeCUrit￿s￿h￿l￿0bjeCtsVe of-_
achiewng kng term grThvlh of both capital arKI in￿me. Investff￿1 perfomance is measured against
the ￿SE APCIMS KKlex and infiatron ￿uS 1.5 per cenL InVeStm￿lS are selected to ensure they do
r￿t diredty conflict th the ¢lwiWs aims and *i¥l￿s. The inveswt pdiGy was confirmed with the
cha￿ty.$ investment manageTS in 2020.
The breakdown pwcenlage is 85 f￿1(A¥s.
UKE
Overseas E uities
Bonds
Attematives
Pro
other
Cash
Total
23.8
43.0
14.0
11.3
1fJ).O
InvoStm•nt poll¢y and perfOn￿anC•
There were 53 separate holdings within the p￿￿￿[0 at 31 De￿mber 2020 aThJ the syoss yi@Id stood
at 2.56%. The performanr£ of Ihe [N)rtfOl￿ is manag&l on an ongotng basis by Brewin Dolphin, the
portfolio manager. Reports are a¥a￿able to the Board at all tTmes a￿1 further￿re detailed quarterly
reports are $utmitted to the Board to Trustees, meeliro&
The number of projects furKJed decreased (from 16 to 15) and Ihe overall am(￿nt offiJnding also
decreased. ￿tti a totsl of £106.542 (2019- £124.978) bwng avrarded.
This is in part because of funding inteTnal deveknpment wcffk to alow us to meet OLf charitable
purposes more effectivety in the future and the ajdbtional woth Invo￿ ￿ creating lh8 new legal
frameth. Addit¥)nalty, the impxt of COVID19 saw a number of projects held in abeyance durfng
2020 whilst other costs were redwed to wcffkiw rerW.
Latest market analysls from Brewin Dwln
With lockdown restrictions easing, we have seen econombc activity continuing to pick up across major
devew markets, resulting in another quarter of strong retums for equities. The stroNJ economic
growth, combined with stgnifieant and persistent g)venNnent SFending, however, has led to concerns
over inflation, with any change in sentiment in the outkd( Cfeating volatKty for investors. We
continue to believe that an investff￿1 strategy foojsed on long-term qualty grovrth stctks with a
good18Yd of underlyN)g diversifK*j￿ wll offer almbve reiums for long.term Invest￿5.
COVID-19 is still a major proL4em al aT￿ alxoad. but the wothj 15 leaming to wlth11, even In
some of those sectors that suffered the most. Travel remaiFLS tMJgely probkniatic a$ the delta vari8nt
of COVltk19 is the uninvited guest ￿ govemment wants to allow in. But progressivdy mo
economic activity is reopening as vaccination rates rise. and that is helw.ng the economy r8¢over

Tha Onaway Trust
Trust¢os' annual report (eonllnu•d)
Rasèrves pollGy
Thé maiority of the Trusvs Inc(me is dwived from ￿Nest￿ w￿0￿8 with onty nominal sums comlr
from gifts, donalions, or otlw Lvtroff types of income. Trustees a￿ the￿fore of the view that a
s1gnrf￿ant pro￿￿On of its reser¥es shoukl continue to be held in the fomi of in(xNne bearing
investments.
Tho Onaway Trust has pc4irAes in p* ewtirwJ woiects are mori￿ on ￿ orvJoing basis
and rewewed for fvnding every threè yeats. The Trustees eThJeavour to communicate openty with
Trust projects. encourage their obyn ￿au￿bIlity •KI do not make assurdnces. fwwicia or othef¥WSe.
wht¢h cannot later be I￿￿OUred.
The Trustees monltor market con(Stions arKI orKJoing expenditure dosety wtth monthty forecasts of
axpenditure and income prepared to ¢n$ure lunds remain avarlable lor new project considerations
and ongoing commitments. If rnarket conditions chang8 suddenly fesulting in a drop to the Trust's
Income, Thè Onaway Trust has funds available to seThice its short4nedium term cL)mnMtments.
During this period these induded a salary (unlbl September 20191. operaling costs and an allowance
towards grants approved but not yet pa#1. Ttte reserve funds are assessed to amount to £50.000,
which is approximately 3 months owating costs and the currènt funds held Signif￿an￿Y exceed t￿5
amount at £5,526,0fj8 (2019- £5,677,327) ol unrestricled funds trdd. Re$lri¢ted fund$ amount to
£20,000 (2019- £20.000).
There are also destgnated funds cl £1,632 (2019- £10,164) for *ebsite devekwmenL
Plans for th• ful
COVID
To date the imparA of the pwxlemic on Chlaway has been twofcthj. Firsty, due to a
reduction in Share divldend yield. expecled annual Ir￿￿e has dropr*d almost 25% - representtng a
decrease of around £40.CKi). Sewndly. some of the planned indigenous projects for 2020 have been
cancelled or scaled ba¢k consklerably. pathc￿9h hugety disapwinting for those (wmunilies
invofved, fuTrJs have t)een redirecled towards inueasirvJ the sustau)abHity of gardening projects (US)
and provmling emergency re￿8f to indigenous Com￿￿nitieS (Peru. Guaternala. lThJia and Colombia) to
provide vitsl lifesavlng food packag8& Tho board of Trustees o)ntinue to keep a close eye on the
globa Impact of Coronavirus on ind￿jerK￿￿ C(ffimunities arKI VAI wovide slrntegic SUPFth where
necessary as fuTrts allN.
The Board'5 strategic objeclNe durirKJ 2021 Fs to the structural n￿deMiSatIon of the charity
while continuiryJ to provide Ur￿lm￿1Shed suE4)ort towards indigeTh)us people and other causes
consistent with ils charitable purr*)ses. noting in parti￿lar the disproporbonate Impact of Cov1￿19
on indlgenou$ peoples,
Th? OnaTMay Trust will strive to Indige￿j5 peiyle5 in their recovery from COVID19.

The Onaway Trust
TTUStees' annual rep(Mt (conlinu•d)
Statomort of dlsclosum of Infonnalion to audltsx
So far as the Trustees are aware. th￿e is no relevant inf￿rnal￿￿ ofwhich the charity's auditor is
unaware. and each Tr￿18• has taken all steps thal they OLwJht to have taken as a Trustee in order lo
make Ihem aware of any audit iTrforynalion and to establish that the charity's auditor is aware ofthat
The Trustees, annual reportwas app￿0Ved on ............................................... 2021 and signed on
behalf of the board of Trustees by.

Tho Onaway Trust
The TfUSt88$ are reskN)nsible for prepamg the Trustees. teFrt and the fmancial statements in
accordance with applicable t8w and United Kryd(Kn AccA)urthng Standards (United Kkngdom
Generalty Accepted Accountiig PractKe).
The law applicable to ctwit*s in Scthnd rewires the charity Trustees to prepare fwwicial
Blatements for each year which gve a true aThl faw view of the state of affaits of the ¢l￿rity ar￿ of the
ini¥)ming resources and appllcation of resources, of the charity for Ihat ￿riod.
In preparfng these fknandal slatements. th8 Tnth are requIr￿j to:
select su¢table accountlTh3 th￿ apkty Ihem c￿￿1StentI￿.
obseTre the ￿￿hodS and pr1r￿apkn in the aFfli¢atAe Chwitss SORP 20191FRS 102),.
s12te whèther apFdicable UK Ac¢wntTrng Standarts have been folloKYd, subi8Ct to any
materia departur8s disclosed and explained bi the fmancial slatements;
p￿pare the financqal statements C￿ the going basis wdess it is inapwoprÉate to
p￿sUMe thal the charity will contviue in buwess.
The Trustees are re$￿sIble fly keeping adequate accO￿lIng records that are sU￿lent to show and
explain the chariws transactions and thsckjse b¥lth feas￿ble at any time the financial
position of the ¢harlty and enable them to ensure Ihat the ffftancial statements compty with the
Charilies Act 2011. char￿e$ and Trustees Investm￿ (Scotland) Act 2005. the Charity Accounts
(Scolland) Regulations 2006 (as ameThJed). and the wJvis*)ns of Tntst Deed. They are also
responsible for safeguwding the assets ofthe charity and hence tsking reasonable $tep$ for the
prevention and detection of fraLMJ and other irregulaiities.

Tho Onaway T￿￿1
Indewthnt auditorfs roport to the members of Th• On*w Trust
Oplnlon
We have audited the financial slatemenls of The Tn￿1 tsthe ￿0d endod 31 December
2020 which comprise the st*ment offKwcial activilies. ￿ bala￿e sheet arKI the fylate(I notes,
induding a summary of Signif￿an1 a￿)untIng W￿cleS. The fina￿1?1 rop(¥ting framework that ha8
been applied in th&ir pYepar*ion is apPr￿able Law and United Kingd￿ Accounting Standards,
induding FRS 102 The F￿ancIal Rewbng Standard appIl￿ble in the UK and Republic of Ireland
(Uniled Kingdom Generally Acwled Acc(MJnting Pracbce).
In our opHiion the f￿a￿l81 stat8m8nt&'
gNe a true and fair view of the state ofthe aff￿rS as at 31 D￿ember 2020 and of its
- Ineor￿.and.tsa . K8tion of resour￿$, for the year then ended,.
have be8n PKopety prepared in a¢cordartce wI￿rn￿g￿ngdOnrsener8m￿AcGePt&l______
Accounting Practice: arml
have been wepared in accordanr* with the requyements of the Charities and Trustee
Investsment {Scotland) Ad 2(K)5 arKI Regulation 8 of the Charities Accounts (Scotland)
Regulattorts 21J16 (as an￿nI18¢1} aThJ Chaiilks Act 2011.
Basis of oplnlon
We c4)rNJucted our audit in accordm with Intemat￿l Standards on kniting IUK) {ISAs {UK>) and
appllcable law. Our responsibilities urmler Ihose standards are fijrther described in tho Auditorfs
respons￿)1111[es for the audit of the financial ststeffthts section of our report. We are independent of
the Trust in accorda1￿¢ with the ethi¢21 requirements that we relevant to our audit ofthe financial
statements in the UK, induding the FRC'S Ethical Standard and the provislons available for small
enfjttes. in the cirCuff￿tanceS set (Njt in note 16 to the financial ststements. and w¢ have fulfilled our
other ethi&91 resF¥)wbilitses in ac¢ordan¢e with these requirements. We believe Ihat the audit
eviderKe we have obtained is sufftl￿t arKI apprqxiate to pro¥k￿ a basss for opinion.
Conejuslons relallng to golng ￿n¢•ffl
In auditing the financial stat&ne￿. ￿ have (x)n￿led that the TrEtstees' use of the going concern
basis of acwjntlng In the Preparat￿ of the fjrrdThial sIalem￿ is appropriat&
Based on the work we have perf0Th￿, we have Identi￿ any material uncertainties rdatirg to
events or conditions thal, indiwdualy ￿ ￿llectivety. may cast doubt charity's ability
tr) continue as a wng concern for a wicrtl of at leasl hvelve months from when the finanpjal
slateffwts are authorised for issue.
I￿r responsibilitiès and the rest￿￿￿11￿ of the dIFerA(￿ with respect to going c>xem are
descrlbed ￿ the relevant sections of this repxL
Othor Information
The other infomiation Coryises the MIA)m￿tIon Ir￿uded #? Tnjstees. report, other than the
financial statements and ow a￿11￿$ re[￿ thereon. The trustees are responsib￿ for the other
information. Our opinton on the finanrAal statements does rnt cover the other infcrtion a￿1. eX￿pt
to the extent otherwise expli(Jty stated in our we do not express any fomi of assurance
conclusion Iherw)n.
In conneclion wilh cwr audit of finarnial statements. resp￿SibilitY is to read the oth
infomialion and, in doing so. ￿nSider thther Ihe other wrformation ts mateiialty inconsisknt wilh the
finanoal slaternertts or our kncvledge obtainad in Ihe a￿111 or otherwise appgars to b8 matertal
misstated. Ifwe identify su¢h material inconsistertues or apP￿nt material mk%Statements. we are
required to detemiine whether tr*R is a material misstslement in the ffftaniial statements or a
material misstatement of the other infonnatson. If, based on the work have performed, we co￿llKIe
that there is a material misstatement of this Oth￿ Inf￿￿. we ￿e required to report that fact.
We have nolhlig to ￿pty1 in this regard.
10

Thg Onway Trust
Independont audltor'$ report to th• mombers of Tho 0naWayTn￿t {wttlnued
Matters on whlth we ar• rnqulred to report by •xctytion
In light of the knowledge and Und*￿￿￿)g of The Chlaway Trust its environment obtaned in the
urse of the audrf(. we have rnt Klenlffied rnate￿I Misstatements in Ihe Trustees. reporL
We have nothkng to reF4Xt in resp￿1 ofts folcwiv¥J matters vthwe ts Charfties Trustse
Inveslmenl Iscovand) Act 2(M)5 and the Chaiities AL¥>)unts (Scollarnl) Regjlations 2006 (as
amended) require us to rewxt to you rf. in our o￿nic￿.
• ad8quate accountH)g reo)rts have not bew kep( ty relwns adequat8 ft)r our audit have not
been received from branches not visited by us",
the fina￿18[ ststements are nc* in ￿reement ¥*tyth the aco)untiThJ records and retums: or
certain dlsdosures of trustee5 remunerat￿ specified by law are not made: or
W8 have not re¢etved al the nformation and explanations we rewire fc￿ ow a￿11. or
the trustees were not entitjed to Fwr8 the thanGial statements in accordance with the small
companies regime and lake advantage of the small companies. exemption in preparing thè
directors. report and take advanlage of the smaH cornpanies exemption from the requiremont to
prepa￿ a strategic report.
ResponsibHttlas of Trustee5
As explained rr￿￿e fvlty In thg Tntstees. R6sponsitsTries Statemen( the TTUStees are responsible for
the preparation of Ihe financial statements and for being satisfied that give a true and fair view,
and for such inlemal fJ)ntrol as the Tnjstees detemiine is necessary lo enable the prepardtion of
financial statements that are free from material misslatemenL whether due to fraud or eTror.
In preparing Ihe fin8n¢ial statements. the trustees are responsibte for assessing the Trust's ability to
continue as a going Gonom. disctosing, as apPl￿ble. matters related to going concem and using the
going ￿nCern basls of accounting unlgss the Trustees eilher intend to liqU￿Jats the Trust orto cease
operations, or have no realisti¢ allernative but to th) so.
Audltofs responsujlliths forth# audit of the fInanC￿ statements
We have been appoNrtod as auclitor under sectKJn 4411Xc) of the Ch*iiw and T￿￿tea Irbveslment
{Scotlandl Aci 2005 and report in ac0Xdan￿ wlh regulations made under tw Act.
Our objectives are to obtain reasonth assura￿ atM)ut ththether the finanGial statements as a whoEe
arg free from material mis5tat•ment. whether due to fraud or error. and lo issue an audito¢s report
that includes tyjr opinion. Reasonable assurance is a high level crf assurance, but 15 not a guarantee
that an audit conducted in accLYdance with ISAS {UK> wil always detect a material misstatement
when it oxists. Misstatements can afise frcKn fraud or effor and are considered matertal rf, Individually
or In the aggregate, they cO￿d reasonably be eXF￿￿j to 1rrflue￿8 lh8 economÉc decisk)ns of users
taken on the ba8Ls ofthese financial statements.
IrregLdarili8s, includlTrJ fraud. instances (4 Tr)nwcompfkqn¢e wtlh laws arml regulations. We des(gn
procedures in line with our responsibilities, outlned atrf)ve. lo detect material misstatements in ￿Spect
of irregulariÈies. inclu(thng fraud. The Spea￿ proce￿re this engagement and th& extent to whlth
these are capable of detectlng irYeguFarthes. including fr￿￿1. 15 detaikd bek)vr.
enquiring with M￿gen￿￿t about any k￿¥￿ or suspected of non.o)mpliance with
laws and regulatio￿, including GDPR arKI fraud..
review of coThespondence regulators OSCFI.
revi￿ of legal fee expeTrJiture arKI board rrinule5'
challenging assumptions and J￿$38m￿ rnade by manwent in their significant
a¢¢ounting estimates,. and,
auditing the risk of management oveffKle of contrcls, testing jownal entiies
and other adjustrr￿nts apwO￿ten8s￿

Th• Onaway Trust
Ind&pendent audltsfs rep￿ lo the memlm olThe Ortaway Tntst I￿ntInued>
Auditorfs respon￿bIlitieS forthe audil of the finan¢Fal Slat*n￿ {contlnuod)
Because of fiekl n which the Lthent operates. ￿ idenlFfied the following area5 a5 those most I￿relY
to have a material inwt on the financial statements: Health and Safety; GDPR and compliance with
the Ch*ittes and Truste8 Investsnenl (scollar￿> Act 2005 arxl the Charities Accounts R&3ulations
2006.
Owng to the inhorent limitations of an audL there 15 an unavoidable risk that sorne material
mKsstatements in the financial statements Thrdy fK>t be deleded. even though the audtt FS properfy
nning and F*rfomied YJ ac￿rdanCe with the ISAS (UKI. For lnStsr￿e, Ihe fvrther removed non-
compliance is from the events and transactions reftectgJ in the finanryal statements, the less likely the
auditor ts to be￿)￿￿ aware of its or to re￿. .
A￿e the r￿n-COmP￿a￿e.
A further description of our resp￿￿*41111es for the audit OF financtal statements is knated ￿ the
Finanoal Reporttng Council's website at h
s:Ilwv•N.frc.o
-uklaudilorsres
nsibilities. Thls
description fomB part of our auditorfs reporL
Use of our report
This report is made sow to the Tntstees. as a bcmty. in a¢¢cKd￿ with SectV￿ 44 {1)l¢l of the
Charbtses and Trustee Investsnent (Scolland) Act 2005 and Regulat￿ 10 oflhe Charilies Accounts
(Scoknd) Regulations 2006 las am￿ded> and under Section 144 of Ihe Charlties Act 2011 and
regulations under Ihese &ts. Our audit work has been undertaken so that V￿ might state lo the
Trustees those matters we are required to state to Ihem in an auditorfs report and for rK) Other
purpose. To the fullest extent pwmitted by law. we do not aoxpt ty assume responsibility to anyone
other than ts Ch￿ and Fts Trustee5 as a W for our a￿lIt work, for this reporL or for the opinions
we have fomied.
io LLP
Henderson Loggie LLP
Chartered Accountants
Statutory Auditor
45 Queens Rd
Aberdeen
AB154ZN
9 Septwbgr2021
12

Th Onaway Trust
Statement of financlal actlvlll•s tor the yèar endod 31 December 2020
Unrestrlcted
fund8
Re•trlctsd
funds
2020
Total funds
Unrèstricted
funds
Restrlded
funds
2019
Totsl funds
Income
Donations and legacles
Investment income
1,845
147,281
350
170,598
350
170,598
147,281
Total Incoffl•
149,126
149,126
170,948
170.948
Exp•ndlturo
Raising fvnds
Charitable actlvitles
26,963
131,120
26,983
131,120
30.232
201.719
30232
201.719
Total •xpendttur•
158,083
158,083
231,951
231.951
N8t •xpendlturo b•for• othar r•¢ogn180d
galn8 and losses
18,957}
(8,957)
{61,003)
(61,0031
Net g8lng1(l0sseg) on Investments
<150,834)
(130,834)
874,236
674.236
Net mov•mont In fund• b•for• tran$f•r8
(159,791)
(169,791)
613,233
813,233
Transfgrs
(964)
Net movement In funds
1159,791)
(159,791)
614,197
(964}
613,233
R•con¢lllatlon of fitndg
Total funds brought forward
13
5,687.491
20,000
5,707,491
5,073,294
20,964
5.094.258
Totsl funds ¢arrled forward
13
5.527,700
20.000
5,547,700
5,687.491
20,000
5,707,491
The statement of financial activities includes all gains and losses recognised In the year. All income and 8xpendlture derlve from continu￿g activlties.
13

Th• Onaway Trust
Statement of flnanclal pog11ion as at 31 Decem￿ 2020
2020
2019
Fixed assets
Intangible assets
Tangible fixed assets
Investments
Investment propety
8.532
518
4781.951
$52.000
17.064
1.036
5.010292
5.341IX11
5,028,392
Current assets
Debtors
Cash at bank and in harKI
10
7.011
211.6TI
546,856
149,291
218,688
696.147
Credltor8". amounls fa￿ng the wlthln one
year
11
113,989)
(17.0481
Not current assfjts
204.699
679.099
Totsl a880ts
4547.700
5,707,491
Not assets
7,700
5.707,491
Funds
Reslricted fund5
Unrestricted
13
13
20,000
S.687,491
5,527,700
Total charhy fvnds
5.547,70Q
5,707,491
These financial statements were approved by the board of Tnjstees and are signed on behalf of the
rustee
Trustee
The notes on pages 14 to 29 foTh part of thes8 fina￿181 statements.
14

The Onaway TTUSt
N¢ths to the flnanclal statemonts
Charlty Infomiallon
The charity 1$ a re￿ttted as a SCIO in Scotl￿. The athess of the Principal office Is
Donavourd Farnihou5e, Don8vw￿. Pith)thy. PH16 ￿S.
Bas18 of prnparallon
financial statements havè been prepared on the histortcal cost basis. as modified by tho
fevaILkq￿0n of certain finandal assets liatm1rt￿ and H)¥estsnents m&*ured at fair value
through income or expeNlitur8.
The finawal statements are rffepared in *erfing, whith is tr* of the charrty.
Monetary amounts in these financial statements are rounded to the nearest £.
These financlal 8tstem8nls have been i*epared with FRS 102. Yhe FInar￿la1
Reporting Standard apFAicable in the UK and the RepUb￿C of Iretand.. the Statement of
Recommended Prad¢ce aFvlicabEe to charitEs prepariThJ their accounts in accAKdance with the
Financial Reportlng Standard applicable in UK and Republic of Ireland (FRS 102)
(Charitiès SORP {FRS 102) and the Charities A¢t 2011, Chariii8s and Trt￿lee Investments
(Swuand) Act 2005 and the Chatity Acoyjnts (Scotland) RegulatKM)s 2006 (as amended).
The charity constiiuie$ 8 Pulth Bwefft Entity &% defined by FRS 102.
Staiemont ol cash Ilows
Th8 Ilnanclal staleffwts do not incaude a ststement of cash Ilows as it is a small chwlty.
Golng con¢em
At the time of ap[￿VIng Il* IhwKial statem￿. the Twstees have a reasonable exp￿ts1
that the charity has adequate resources lo Contr￿ in operatK)nal existence lor the
foreSeea￿e future.
The Trustees have assessed the risk impM)sed on the ch*ity by the ongoing COVID-19
pand8mi¢ and are comfortable that the risk i8 sufficienuy mitigated due to the fact that grants
paid out are ￿Strtcted to the level of itKome re￿ived from the investment porttolio.
Income
All ￿cOMe Is induded in the statern￿ offinandal athitss entillement has passed to
the charity; it is probable that the economtc beneffts associated wikh the transartion will flow to
the charity and the amount can be reliably r[￿Sur￿. The folowing pc4ities we
app￿ed to particular categorie5 of Incc￿e.
ineA>me from donations are recognised there is evIder￿e of entitkm8nt to Ihe gift.
receipt is probable ar*J its amount can ￿ n￿red rebably.
Invesbnent income is irduded when the tharity ts eniitled to the income. il is wobable the
Inoyne WAI b8 re￿iVed and vtsi it ￿ be meawrd TrlatAy.
15

Onaway Trust
Notes to the fin•Klal staterne￿ {continued)
A¢countlng pollcles (contlnued)
Exp•ndltur•
Expenditure is recognksed when th8re is legal or C(￿strUctive obhgatton commiiting the charity
to that expenditi¥e. is probable that setknwrt w0￿j be tequwe(l arvJ th8 amount of the
obligalM)n can be rrt￿red ￿liab￿.
Raislng furmts are those costs in(xxred in relatKffi to managrng the dwlty's portfolio of
investrments.
charitable and st¥port costs.
sup[￿ Costs 9)VeMan￿ ￿ntral funct￿$ and havo al￿￿ted to
activity o)st cateJ( Ths ￿ a basis o)nstsknt with the use of the fèsources.
Grants payable are p8yments maje to thrd parties N) Ihe furtheranL¥ of the charitable objects
of the Trust. In the case of an uncorKlIt￿al grant offer is acwed once the recipient has
been nolFfied of the grant award. The ￿ti￿allOn gives the rec#pient a reasonabl8 expectation
that they will receive the one year rx multi-year grant. Grants awards that are subject lo the
recrpient fulfilling ￿rforManCe condit*yB are orAy awued when Ihe recipient has been
nolified of the grant and any remaining unfuffilled rmjitions attaching to that grant are outside
of the control of the TrusL Prowsions fw grants are made when the intention to make a grant
has been communicated to ts recipi￿t Ixrt there is uncertainty as to the tming of the grant
or the amount of grant payable.
Intsngible assets
Intangible assets are inilmlly recorded at Gtst and are sUbSeq￿￿Y stated at cost less any
accumulated amortFsatM)n arwj impairmerrt losses. Any inlangibl8 assets caThied at revalued
amounts. are recorded at the fair vakne at the date of ￿ValUatIon. as delermined by reference
to an aclive matket. less any subse(p*nt accumulated amortis*Th and subsequent
ac￿MUlated impainnent b)sses.
Intanglble assets acquired as pwt of a trfjsiness (xxyknnakn a￿ recthed at the fair value al
the aL7tuÉgitton date.
Amortisation is catculate(I so as Io TATite off the cost orvdUati￿ of an 8s88( less Its resvJual
v4ue. over the usefvl econonmc life of Ihat asset as follows..
20% strahjht Iwie to 31 D8cember 2019
and the decisron vras taken, by lh8 Tn&ees, lo swèaj tha roma￿ing depreciation over a 2
year pericd.
Tanglble a¥sets deweclation
AI fixgd assets we initiaty recxxded at rxEL
Deweciation is ca￿lated so as lo bwite off the ojst or valuatiM of an assgt. less its residual
Office equiwent
Library books
10% to 25% straight Wne
10% straw line
16

The Onaway Trust
N¢Ae$ to the finandal slatem•nts (¢onUnued)
A¢￿IntIng poll¢les {ConUnu￿I
Investments
Unlisted equity tnv6slN*nts we lnil￿ty rec¥xdwJ at cotsL and subsequenty rn￿ured at fair
value. H falr value Ganrttx be reliabty rneasU￿. assets are measLwed * Cost less imparm8nL
Listed investm8nts arn Included at fw value. Realised and losses. representing tt
dIfferer￿ betsveen sa18 proceeds fair vabje al the prevMx]s fina)ci4 Y￿ end or
purchase cost If acquired durir¥J th8 year. are dealt with in the statefftnt of financial
activitles. Unrealis&* gains and tosses. representing the n￿vement tn the fair value of
Investrnents over the finan¢ial year crf from theK date of purchase if acquired dufin9 the
financial year. a￿ deall with in the statemont of financial ￿tIVitIes. In the case of a
pennanent (liminution in the ¥a￿e of WNeStsY￿. pr￿￿$1￿ is made to rwkne the carryN)g
value of investments to their ffec0ver￿8 anoL
The Tnjst do8s not ar4uiro put 0￿C￿, derivakn ￿ other compkx fjnancial instrum￿.
The main fomi offinancial risk facad by th8 T￿￿t is that of volatility in equity markets and
Investment markets due to wider economÈc l￿n￿l10ns. the attitude of investor to investrnent
rfsk, 8nd changes in sentiment con(wning equities and within parthwlar sectors or sub
sectors.
Investment woperty
Investment propety. whth is held to eam W￿la1$ andlor for caFMtal appreciation, is
initially recwnised at cost, which indudes the purchase cost and d￿ectlY attfibutabte
èxpendilure. Subsequenlly, it is measured at fair vabje at the reporting end date. Th8 surplus
or deficit on revaluation 15 rectydnised in the ststement of financial activtties.
InN)aIm￿nt (rfflx8d ass
A review for indic*ors ￿ impaimient is carried (Alt at each ￿￿ting date. vhth the
recoverable amount being estimated vthere Sbjch ir￿lcat0rn e￿$L Where the carrying value
exceeds th8 recoverable amounl. the asset is irnpaired acts￿￿. Prior impaThnts are
also reviewed for pos&bie reversal at eath rep(xtiry date.
For the pU￿oSe$ of Impatrment testing. when it is not F¥Jssible to estimate the recoveraLqe
amount of an individual asset, an estimate is made of the recoverable amount to the ¢ash-
generating unit to whth the asset belongs. The cash-generatmg unit is the smalSest
identifiable group of assets that In¢￿deS the asset and geneFat8s cash inllows that largely
inde￿ndent of the cash inllows fr(￿ other assets or groups of assets.
Trade and othor debtors a￿ remgnised at the Settle￿ amount du8. Prepa￿n￿ts are
valued at the amount prepaid.
Cash at bank and In hand
Cash at bank arKI cash In haml (xsh and cash hekl in a de￿sIt or similar account
Credftorn and provlslons
Creditors and provisions are recognised where the charity has a present obIga￿ resultbng
from a past event that will probabty reS￿t in the trartsfer offijnds to a Ihrd party and the
amount due to settle the obligation can te Th￿a$￿ed or estimated reliably. Creditors and
provislons are nomialty rè¢ognised at th&r settlement amount after allowing for any trade
discounL
17

Tho Qnaway Trust
Ilotss to Ilnanclal statemonts (conlin￿)
A¢¢ounting pollcles (continued)
FSnan¢ial In8truments
The Trust has tha￿la1 assets and firwicial li8￿111￿e$ of a kind that qualtfy as basic financial
struments. Ba￿ financial instruments a￿ initialty tecog)ised at transaction value and
subsewently measur&J at thwr settlernent value.
Where investments in shares are pubw traded on ltieirfar value othepwise be
measured re￿ably. Ihe inveslment rs sutsequenty measured at fair value with changes in falr
--¥alueJe(x)gni&ed in B)come and eXP￿diture. All other such investinents are subsequenty
measured * Cost less impainwiL-_-
Financial assets Ihal are measured at cost OT amortised cost are mlebved for obJe¢live
evMlen(t of impairment al the wxl of eath reporimg date. W them is D￿'ectIVe evpJen¢8 of
impairment. an impaimient loss is reccMJnised under the appropriated headlng In the
statement of financial actsvities in *thich the initial gain was reccgnised.
Any reversals of impairment a￿ recognised Immediatsly, to the extent that the reversal do88
not result in a carfying an￿nt of the financial asset that exceeds what Carrying amount
w(wld have been had Hnpaimwnt not prevmxth been re[￿nIsed.
Fund accounting
unrestric￿ fuThJs are available for use at the tjweuon of the Trustees to further 8ny of tha
charitys wrpose&
Designated fimds are Unrestr￿ ftmds earnwked by the Tr[￿ee$ for particularfirture
Restricted f￿dS are suty'ected lo reStsK1￿m on theK exF¢nditure declared by the donor or
throW the teTms d an appeaL
A transfer is made from uNestrthd fuThJs to li)Mp￿te aH restsic￿ fvnds which woukl
otherwise be in defmit al the date.
Judg•monts In applylng a¢¢ountlng pollclfrs
In the 8PFlicalion ofthe chariws aCt0￿￿j pdicae4 the Trustees are requlred to make
judgements, eslimates and assumpltons atrf)ui the ￿nYIng arrnunt ofassets and liabilities
that are not readity apparent from other sources. Tr estimates and associated assumptior
are based on historical experien￿ and otljer f￿tOrS that are considwed to be relevanl. Actual
results may differ from these eslimates.
In wepafing these fin￿181 statem￿. Ihe Tntstees have made the following jLIJg￿nts.'
Intsngible fixed assets and fixed assets are depreckgted over a pericMI to ref
their estimaled usebjl INes. The appl￿ab￿ty of the a55urned lives is reviewed annually.
taking into aC￿unt fact(xs such as physical C￿#￿11￿. maintenarKe and tholescence.
Fixed assets are atso assessed as to whetherthat are iTrJicat￿s of Impairment. This
assessment invohes (x)r￿lderat10n ofthe ec4)nomic viabHity of the pwpose for which the
as56t is used.
18

The Onaway Trust
Notes to the financlal Statoments {eontinued)
Incom•
Total
2020
funds
Totsl
2019
lund$
Unre$trfctsd
funds
R¢8trl¢ted
funds
Unrestrlcled
fvnds
Restrictèd
funds
Donatlons and 1ogacl•s
Clonations
1,845
1,845
350
350
Invostment Ineom•
In¢ome from listed Investrnenls
8ank Interest receivab18
147,249
32
147,249
170,518
80
170,518
147,281
147,281
170,598
170.598
Total Incom•
149.126
149,128
170,948
170,948
19

Tho Onaway Trust
Noles to Ihg flnanclal statements Icontlnued)
Expendlture
Unrnstrlctsd
charltab
actlvltle8
Totsl
fund8
2020
Total
funds
2019
Ralslng
funds
Unr•strict•d
gov•rnan¢•
Raislng
fvnd8
4nre$tdded
charitable
i adivll
ur￿l￿Cted
govemanca
Invesknent manager costs
Grants made lo organisallon8:
Indlgenous- Amerlcas
Indlg¢nous- Rest of World
26,963
26.963
30.232
30.232
44,142
62.400
44,142
62,400
77,618
47,360
77,618
47.360
8upport easts
Stsff ¢o$ts (note 5)
Premlses costs
Communlcatlons and IT
Depr8¢iallon
Amorb6allon
FlnanGifjl c051$
Wrlle back of bad dobt PTovlslon
Other costs
AccounlanGy le8$
Audit fee$
Legal ar>d professlonal fees
Trustee meeting8 exp¢n808
12,563
9.837
2.509
540
5.688
350
12,563
25.126
9.837
10,540
2,S16
518
8,532
140
17,000)
10,540
2,516
518
8,532
140
17,000)
540
5,688
350
1,181
1,182
1.181
1.182
4.819
23,580
1,929
1,667
1,687
4,592
2.135
938
4,819
23,580
1,929
2.135
28,963
123,455
7,865
158,083
30,232
158,828
42,891
231,951

The Onaway Trust
Notes to the finandal 8tal•monts (conlln
The tota SL￿cOsts enwloyee benefits kn the reF￿￿11)g pwiod are analy￿ as folhjws:.
2019
Wages and &qlaries
Social security costs
Pension costs
23.510
675
25,126
The average head of emph)yees during the year was 1 (2019- 1).
No omployeg re￿IVed employee ljenefits of ryKYB £60.IXiI in erlher year.
a Trustee and sole empbyee of the dwity. rectt¥8d ren￿neratIon induding
empk)yerf$ national InsWan￿ costs. anountiro to £nil durin
12019-£24,185)- The
Trust also paKI employerfs Fension ¢￿tribUti(￿ rela1w￿ to
of £nil in the year12019
- £941). ￿e￿Ived no Trmuneralion after the Tr￿st converted to a SCIO
The Trust considers its key p¥s￿ne1 to ¢crfnp￿e ofthe Trustees.
During tha year. Iwo TnLstees wer• relMt￿￿ed tfavel arKI subsistonce expenses totsIl￿g
£702 (2019- three tnjstees rèimbursed a total of £1,929). Travel and SubSi￿ence expenses
on behalf of the Trustees s￿lEst on Trust tsJsin8ss durirKJ the year lotalliro £702 (2019-
£1,929).
Intanglble assets
Webslte
2020
Cost
At 1 January 2020 and 31 Decemb8r 2020
Amortisatlon
At 1 January 2020
Charge for the year
11,376
8.532
At 31 Decthnbgr 2020
19,908
Cwrylng amounl
8,532
At 31 Decemb8r 2019
17,064
21

The Onaway Trust
Notss to the flnancL4 stat•m•nts Iconllnued)
Intangibh assets {¢Mtinued)
Website
2019
At 1 January 2019 and 31 2019
28,440
Amortisation
Al 1 January 2019
Charge for Ihe y8ar
5,688
At 31 Decomber 2019
- JJ..31fi_
Carrying amount
At 31 D￿mber 2019
17,064
At 31 Decemter 2018
22,752
Tanglble fiMd assets
Llbrary
books
Totsl
equlpment
Cost
At 1 January 2020
Additi￿
10.103
14.938
At 31 December 2020
10.103
14,938
At 1 January 2020
Charge for the y
9.C67
518
4.835
13,902
518
At 31 December 2020
9,585
4￿35
14,420
Carrylng amount
At 31 December 2020
518
518
At 31 December 2019
1.036
1.036

The Onaway Tnwt
Noto8 to tho flftanew s&thmonts (¢ontkMMdl
Tanglble fix•d 495ots {¢onllnued)
Library
Tot
2019
At 1 January 2019 and 31 Decem￿ 2019
10.103
14,938
Depreclatlon
At 1 January 2019
Charye for the year
8.527
4.835
13,362
540
At 31 December 2019
4.835
13,902
Carrying amount
At 31 Dec*mber 2019
1.036
1,036
At 31 December 2018
1.576
1,576
A valuatkn of the Ltrary BiJc&s wa$ on 13 Septeth 2018 for ￿sUra￿e
purposes by Professbjnal LI￿ary Services. The valuation as at this date
amounted to £68,252 aThJ rewesenled a gcrfxl relaTrl reFlacement of Ihe asset held.
Listsd
2020
Cost or valuatlon
At 1 January 2020
Addltions
Disposals at fair value
Unrealised loss on Inveslments
5,010,292
865,047
(1,122.777)
29.389
At 31 December 2020
4781,951
Carrylng amount
At 31 December 2020
4781.951
At 31 December 2019
5.010.292

The Onaway Trust
Notes to the financlal statements Icontlnu¢d)
Invoslm•nts (conlinuod)
Realised k)ss on sale at fair vak*
Unrealised gain on appreciat#)n
(180,223)
29,389
(150.834}
The Trustees uJnsMler ir#lbvidual Invests￿ hcthlings In exctss of 5% of the portfolio to be
Ishares Cofe S&P 5(M)
JP Mryi Funds Ltd US Equty I￿￿Me K
8NY Mellon Fund Managers Newt￿ In¢ U
330,491
244,772
Listed
Inveslment
2019
Cost or valuation
At 1 January 2019
Additrons
tlisFwls at fair value
Unrealised k)ss on invesknents
4.407,361
419.501
{384,130)
567,560
At 31 December 2019
5.010.292
Carrying amount
At 31 December 2019
5,010.292
At 31 December 2018
4,407.361
All investments sh(vm above are hekl at v&lJation.
Realised gain on sale al fair value
Un￿lISed gain on app￿(ja￿on
106,676
567.560
Net gain
674.236
The Tn￿lee5 consider ￿￿1¥￿￿ual investment In excess 015% ofth8 Portfolio to be
AYNa Investors UK US Equty 2
I ShaTrs S&P 5LKI
JP Morgan FurKts Ltd US In(x3rn8 K
316,377
373,958
340,480
24

Tho Onaway Trust
Investments {eontlnuedl
Investment Rlskg
FRS 102 wuires the th$¢b$u￿ of infonyokn in ￿￿01￿ to wlain inV8StM￿ risks. These
rfsks are set by FRS 102 as follLY4VS:
Cr8dil rtsk.. this15 th8 iisk that (Th paty to a rman￿￿ instrwnent w￿1 cause a financial loss
for thè olher p8ty by failrng to discharge an obhg*W￿.
Market risk: ths comprtses rtsk. interest rats risk aThJ other pric* risk.
Currency risk: Ihts Is Ihe rf$k that the fair value or fvture Gosh fiDWS of a fina￿laT asset
Interest rate risk: this is the risk that th8 fair valu8 or future 12sh Ilows of a financtal asset wilt
fluctuate because of thanges in market irrterest rat8S.
Other price risk: this is the risk that the fair value Of future cash Ilows of a f￿￿￿la1 asset will
Ituctuate because of changes in Ma￿et prices (other than tr￿e arising from interest rate risk or
currency risk). ￿ether those changes are ￿USed ty factors spe¢ifi¢ to Ihe indrvidual financial
instrument or its issuer. or factors affecbng all smnilar fin￿&81 lnslnwF￿ts traded in the markéL
The Tnjst has exposure to Ilw risks because of the investments it makes to implement its
inve5trnent strategy. The Trustees manage investment risks. indudir¥J credit risk and market
risk, within agreed risk lirnits whth are set taking into account the Trust's strategic investment
objectives. These investment otyecbves and risk linits are impl8mented through the
investment manager agreements in rAa¢e wilh the Trust's Kwestment managers and monitored
by tha Trustèes by règular r8vi8ws of tho investment porrfths.
Further uiformation on the Tntste8s' aprAc￿h to iisk man￿l and the Trusys exposure to
credit arKI mark8t risks are set (art beknv.
Crodlt rlsk
The Tfust invests in pcded investment v8h￿leS and is therefore directly exposed to credit risk
In relation to the instruments it hohjs n th8 pcx)led investrmt vehicles ar*d is indirectly exposed
to credit risks arisirKJ on the f￿anCIal held by the pooted inve5trn8nt vehides.
Anatysts oldlrnct ctydit rfsk
Direct credit Tisk arisirvJ from pooled investrnent vehicles is mitigated by the underlying assets
ofthe pooled arrangements being rin￿rtett from the kMx)ted manager, the regulalcry
environments in whth the poc4ed managers operdte and of investments
amongst a number of p￿led aTrarwJements. The Trustees Cary out due diligence checks on
the appointment of new FM)oled investment managers and on an ongoHig bass monitor any
changes to the regutalrxy and operatA¥J wwwonrrwt of the pTr)led manager.
Pooled inveslment ￿angements used by the Trust c¢)mt*w auth￿iSed unit trusts.
Indir6¢t credit fisk aw in r￿tIon to undwfying Inves￿ held ￿ the bond F#xled
Investment vehlGks. This risk 15 fF￿1gaIed by only YwestiTrJ in p(￿led funds which invesl li at
CurrenGy rfsk
The Trust is subject to CUTr6rry risk because some of the Trusts iTrvestmenls are held In
overseas markets. via the pooled investment vehicles.

Th? Onaway Trust
Notes to the Ilnanclal statements (c4xttlnuedl
Investrwrt (¢onOnued)
The Trust is subject to interest rate risk Invest￿ l￿wIs1r￿￿ bonds.
Olher price risk arlses wincipally in relatm to equities held in pooled vehicles. The Trust
manages thts exposure to other pri￿ risk by consIn￿ling a diverse portfolio of investments
across various markets.
Investment proporty
At 1 JaNary 2020
552,000
At 31 De¢¢mber 2020
552.000
Carrying amount
At 31 Dec•mbtr 2020
552,000
At 31 Decentsr 2019
10
Debtors
2020
2019
iounts owed by uThJertakws in whith the charity has a
participating interest
Provishjn for doubtful debts
772,1S6
1227.156)
Balance owed by underlakHy in 7whi¢h the thar￿Y
has a participating inlwest
545,000
1,856
7M1
7.011
546.856
11
Credft¢)rs
2019
Amounts falling due w￿h1￿ one year.
Grants payable
421
13.568
1.884
15.164
13P89
17,048
12
Penslon and other postrfelirement benefits
D•fined ￿n￿lIm￿lOn ￿an$
Pension contributions paKI in year to the defined conts1￿ plan was £nll (2019- £941).

The Onaway Tru$t
Notss to the Ilnanclal statsments (contlnued)
13
Fund8
At
l January
2020
At
31 Docember
2020
Net galns in
year
Incom•
Expgnditur•
Tran$f•r•
2020
R¢8trlctsd fund$
J Moffls Legacy
20,000
20,000
20,000
20,000
Unrostrlctod funds
General funds
De81gnal8d fund - webstte fund
5,6TI,327
10.164
149,126
(149,551>
18,5321
(150,834
6,520.068
1.632
6,687,491
149,126
(158,083)
(150,834)
5,527,700
8,707,491
149,126
(158,083
(150,834
5,847.700
Th• general fund18 tho free reserves wilh whlch to further the aims and obl8Ctiv88 of the Trust after 811owlng for the do$lgnated and restdcted fund8.
Thè Testdcted Incom? fvnd ¢on$lsts of a tegacy from tho late John Morrls, £45.000 was bequeathed to th& Trust durlng the year to 31 Decèmber 2014
with £20,000 for the upkeep and fulure management of lh& Llbrary and £25,000 to be spent at tho dlscrellon of the Trustées. At 31 D￿mbar 2020,
£20,000 was ramaining.
The de8lgnate¢J fund relates to a website whlch Is shr)wn as an intangible asget. As thg website 1$ now fully operational. the asset is b8lng amortl88d
over Ihe expeclgd useful life of S years. The designated fund Is being rel&asèd over Ihe sam& period.
27

The Onaway Trust
Notes to the flnanclal statsm•nt8 (contlnued)
13
Funds (conllnued)
At
1 January
2019
Net (Ioss8sy,
Igains ￿ I
At
31 Oecember
2019
Income
Expenditure
Transfgrs
2019
Rèstrlct•d fund8
J Mords Legacy
Salary donatlon
20,000
20,000
19641
20,964
20,000
Unro•trlct•d fund8
General fund8
D•signated fund- web8lte fund
5,057,442
15,652
170.948
1226.2631
(5.6881
674,2a6
5,677,327
10,164
5.073,294
170.948
1231,9511
674,2P6
5,687.491
5,094,258
170.948
1231.9511
874,*6
5,707,491
28

The Onaway Trust
Notes to the flnanclal 61atoM￿ {continuod)
14
Anatysls ol net assets beiweon funds
Totsl
fvnds
2020
2020
funds
funds
Intangible assets
Tangible fix￿ assets
Investments
Investment prr4)wty
Cash at bank afxl in haNi
Net current 855ets
532
518
4781,951
552,1)IXI
191,677
1&978)
8,532
518
4781.951
552.000
211,6TI
16,978)
2QOOO
Nèt asséts
4527,700
20,000
5,547,700
un￿$tri￿ Restric￿ Total fvnds
fijnds
funds
2019
2019
Intangib￿ assets
Tangible fixed a5s8ts
Investments
Cash at bank and In harml
Net current assets
17.064
1.036
5.010.292
129.291
529.808
17,064
1,036
5.010.292
149.291
529,808
20,1)CKI
Not aJs6ts
5.687,491
20.000
5.707A91
1S
Fh)an¢lal Inslruments
2020
2019
Flnanclal assets m&gsur¢d at fair valuo through Incomo and expendlture
Listed investments
Investment pmpwty
781.951
552.000
5.010.292
&333.951
5.010,292

Tho Onaway T￿￿1
Notss to the fin￿¢031 stateménts {contSnuod)
16
Rolated parties
Onaway Property Limtled. a C￿￿ kniied by guarantee was set up during 2CrfJ7 to
ilit8te the Purchase of Off￿ premises for The Onaway Twst. At 310ecember 2020, £nil
(2019- £772.156) had been loaned to Onaway Prop8ty Limited. The lo￿ ￿paid during
the year by Onaway Property Limited transfermg the propety arKI assets to The Onaway
Trust. The loan was interest free and there was Th) fixed date for repayment. At 31 Decèmber
2015 a provision was recognised for the drfference be￿e&n Ihe cu￿nI lo￿ amount and the
estimated mwket value of the assets hekl by the company. lo reflecl the probabAity Ihal the
fvH loan amounl may not be fuW recoverabie. The amount of provisvjn was £202.156. A
fvther provision of £25.000 was reoJgni5ed at 31 Decerrthr 2017 to reftect a reduction in the
erns Thèd in3rk8rvalutroFthtrwopeWlhatdat&QuDng.theJear, £7.OCQ of the provision
was written back to The Onaway Trust due to the transfer of assets from Onawayl>ropenf-
Lmniled. The total108n at the date of the trartsfer ofthe propety to the TnBt amounted to
£220.156.
Onaway Promy Limited dwged The Ona￿dY Trust £nil (2019- £1.447} for heat and ligm
the course of the use of its pre￿1￿ as Ihe Tntst's actrninistratKJn office durirvJ the year ended
31 December 2020.
Onaway F*operty LirrNted was dissol¥ed at Cc4npaTr￿ House on 22 June 2021 with 811 assets
transferred to The Onavrny Twust rKior lo this date.
A donalh)n of£40 to Ihe Tn￿1 VAS also received from Anthew Macnaughton durirvJ the year.
17
Non•audil seTvlcos wovthd by auditor
In ¢omnKH) with many organisations of our size and nature. use ￿dItOr to assist with
preparation of the finan(ial State￿￿nt&

The Onaway Trust
Analysis of grnnts awarded
2020
2019
Indlgenous- Amerfcas
Indian Youth- Rurining strry for American Indian
Plenty US
Misty Davis
Slim Butts Garden
Linda Delornier
Wdakota Waklorf S￿iety_ Walt for Lakota te
Sacred Healing Circle
EduGation awarerws
Treaty Meeting- Black Hills reclam
Wasna Proje
Ehyer Medical Care
PEenty Internaknnal
enty Canada
Amantani- support ft)r school thildren in Pe
Acate Amazon ConseNation
Tairona Heritage Trust- Coh)mbta
Unfy the Wc*ld- lThJwJenous Grandnth Prqect
4.032
4.062
1764
&722
28.043
1.710
11,596
4.606
11
4759
7.731
7,181
9,190
5.556
2,000
1,704
14093
&ooo
44.142
77,618
Indlgen¢w$- R88t of the W¢Jrld
Magic of Ufe Trust
Tribes and Nature Oefend. Phillipin8S
Lighl Kids Swety. India
Joseph EthJcatK)nal Trust. India
Literates Welfare AssociatKffi, India
Friends of Hope- Ed(Thtional Bursary (Indta)
Phllippines - Plthse of ancestral land
Brunswick Organlc Nursery- Drainage Proied
The Brillsh Mu$eum- Artistic CommIss￿m. Ardic
Ethiopia Dassene¢h Support for Water
R￿eWable World- Sokr Prngram￿. Nepal
Iom
24,971
7,579
18,654
10.395
10,340
10,000
7.250
5,375
4.000
SJ76
62,400
47,360
Total donatlons and wants
106.542
124,978
31

111.
Henderson Loggie Secure Messaging
E-StGNA7URE CERTRCATE
CertFficate Summary
ENVELOPESWEO. rewred
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Slgnatures
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