FRANK FINCH¥ CHAAITAaLE TRUST SCLTrtlSII CHARITY NUMBER., SC049fj58 TRUST Acccupif FOR THE PERIOD 1stAprfl 2024TO 31st March 202S INTRODUCIION TRUST DEED Wlll by Frank Wllllaw Flnch, datad l6th Aprll 2010 and recordgd in Ihe Df Council and Session on 14t 2017. Deed ol As5UPtlon by Se$sn un 27tli Seyieryi ated IP.1 November 2018 and recordéd Ih thè Baoks ol CouncU Éhd Deod ol AssuMpiioTh bt, Sesslon Oli 19tli A?r'l 2021. lied 16th April Z021 and ra£ordeJ In th• Baoks of Coundl ind CURRENI 'I'RU5Tbè'5 o li ¥liib 2j Colln Aiirhoiw Crawford 53 Turretbank nbfve, Crleff, PH7 4LW tst I118h 5treeL Crfeff, Perth5tt1re. PH7 4AU BENEFICIARIÉS Caup Proioctlon 8 Wbltefrfars Cre5ceTrt, Perth, PH2 OPA Any otheR charlty lorthe ber¢eflt of anlmals )RUF&SSIUW4L ADVISERS Rathbones Geor8tr Hause 50 George Squbre Gla48OW G2 IEPI Telpphnnp Nd.. 01A1218 4311 Me55rs Irvlni Godd85 WS 5ollc.ror8 25 We%t HI£ Sireet Perth5hlre Pli7 4AU Ti,luplivrsL, No.. 01764 653111
FRANK FINCH'S CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR ThE YEAR 1ST APRIL 2024 TO 31ST MARCH 2025 Charit Name and Number Frank Finch's Charita ble Trust Scottish Charity Number SC049658 Prlnci al Address clo Irvlng Geddes WS 25 West High Street Crieff Perthshire, PH7 4AU Current Trustees Governln Oocument The Trust is an u nincorpor3ted Trust constituted by the Wlll of the late Frank Wllllam Flrch, dated 16 April 2010 and recorded In the Books of Counc51 and Sesslon on 14 Aprll 2017. Prof lonal Advisers al Adviser5 Irving Gedde5 WS Solicitors 25 West High Street Crieff Pe.rthshlre PH7 4AU Investment Mana Rathbones ers George House 50 Georgc Square Glasgow G2 IEH endgnl Examiner Drummond Laurie Chartered Accountants Algo Business Centre Glenearn Road Perth PH2 ONJ
FRANK FINCH'S CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR THE PERIOD FROM 1ST APRIL 2024 TO 31ST MARCH 2025 Hlstor and Ob"ectlves of the Trust The Trust was esta blished by the Will of the late Frank Wllllam Flnch, dated 16 Aprll 2010 and recorded in the Books of Cou ncll and Sesslon on 14 April 2017. The terms of the Trust dlrect the Trustees to distribute the annual income of the Trust Fund to the nominated charita ble beneflciarles In such proportions a5 they may determine In their sole discretion, The Trust was granted charitable status on 3 October 2019 Recrultment and A olntment of Trustees Trustees are assumed land reslgnl wlth the consent of the exlstlng Trustees, under Section 3 of the Trusts (Scotlandl Act 1921 a nd Section 13 of the Law Reform IM iscellaneous Provisions) (Scotla ndl Act 1990. Trustees Remuneratlon Ex enses and Transactlons Remuneration was pa id to the Firm of Irving Geddes WS for legal servlces rendered durlng the perlod , Davld Gedde5 is a Partner of the said Irving Geddes WS. Remuneration of £3,210 was pald to Messrs Irving Geddes WS during the period under review. No expenses were paid to the Trustees. Revlew of Flnanclal Posltlon and Actlvltles Durln the Year The Charity's gr055 Income, excludlng funds released from investments, amounted to £8,56812024', £8,707) in thi5 reporting period and was generated solely from investments held by the charity. Gross expenditure in Unrestricted Funds amounted to £16,52212024: £17,812). The value of the Investment portfollo decreased by approx 5.82% from £520,687 to £490,395 and in light of the current economic situation, the Trustees are sat15fied with the financia I position at the yea r end. The net income Eenerated enabled the Trustees to make total donations of £8,000 in the financial year under review. Investment Pollc & Perforrnance The Trustees have instructed Rathbones, to manage the Trust funds on a discretiona ry basis. The Tru5tee5 have advised that they are prepared to accept a medium level of risk and Rathbones Stockbrokers are instructed to seek both capital a nd income growth. Pollc for Donatlons The Trustees are guided by the wishes of the Settlor In dete rminlng donations to be made, la5 indicated in the Trust Deedl, In considering the extent of donations to be made, the Trustees donate a maximum total amount of the Trust's annual Income receipts.
FRANK FINCH'S CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE PERIOD FROM 1ST APRIL 2024 TO 31ST MARCH 2025 Reserves Polic The Trustees, policy15 to dlsburse the whole of the net Income In donatlons to utilise the free reserves in 8 ny years of deficlt. Deflcit There were no f unds In defi¢lt du ring the flnanclal year, Donated Facllltles and Serylces There were no donated facilitles or services In thls financlal year. Plans for the Future It is the Trustees, intentlon to contlnue making donatlon5 In a 51mllar way to the recent past retainlng f lexlbllity on the scale of donations and restricting these to available incorne. Rlsk Mana emen The Trustees have considered the ris1<s to which the charity is exposed. These relate In the maln to Investment management and have been amellorated by the employment of lin Investment manager. Another rlsk to whlch the charlty Is exposed Is fraud. However, the Trustees consider the low level of dorsations made by the charity reduces this risk, In addition, at least one of the Trustee5 will have some kiiowledge of aThy choson charitable body to which a donation is made. The Trustees also protect Iigainst the rlsk of flnancial mlsmanagernent by the appointment of Solicitors, wlio a re bound by the Law Society of Scotland Sollcltors, Account5 Rules in relation to their client monies, to carry out the day to day administratiort of the Trust n compliance with regulatloi)s governing charlties. Approved by th¥ Trustees and signed on their beha If by
Independent examlnels reportto the Trustees of Frank Finch's Charitable Trust I report on the accounts of the charlty for the perlod from 1st Aprll 2024 to 31st March 2025 which are set out OTh pa8e5 1 to 7. Respective responsibilities of trustees and examiner The charity's Trustees are responslble for the preparatlon of tlie account5 In accordance wlth the terms of the Charitles and Trustee Investment Iscotland) Act 2Q05 and the Charltles Atcounts IScDtlandl Regu latlons 2006. The charity's Trustees conslder that thÈ audit requirement of Regulation Iolllldl of the Accounts Regulation doÈs not apply. It Is my responsibility to examine the accounts a5 required ullder Section 44llllc) of the Act and to state whether particular matters have come to my attention. Basls of Independent examiner's statement My examinatlon Is Carrled out In accordanco wlth Rogulation 11 of the CharitSes Accounts Iswtlandl Regulation 2006. An examlnatlon includes a revlew of the accountlng records kept by the charity and a comparlson Df the accounts presen'ted wlth those records. It also Includes consideratlon of any unusual terms or disclosures in the accounts. and seeks explanations from the Trustees concerning any such matters, The procedures undertak&n do no provide all the evidence that would be required in an audit and consequently I do not express an audft oplnlon on the view glven by the accounts. Independent examlner's statement In the Course of my examlnatlon, no matter has corne to my attentlon:. whlch gives me reasoriable cause to belleve that In any material respect the requlrements.. -to keep aCCOLJntir)g recorés in accordance with Settion 4411113) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and -to propare accounts which accord wlth the accountlng records and comply with Regulatlon 9 of the 2006 Accounts Regulatiorns have not been rnet, or 2. to whlch, In my oplnlon, attentlon should be drawn In order to enable a proper understandlng of the accounts to bè rÈathed. For and on behalf of Drummond Lauile Chartered Accountants Algo Buslness Centre Glenearn Road Perth PH2 ONJ Date..
FRANK FINCH'S CHARITABLE TRUST TRUST ACCOUNT FOR THE YEAR 6TH APRIL 2024 TO 5TH APRIL 2025 STATEMENT OF RECEIPTS AND PAYMENTS RECEIPTS 2025 2024 Recelpts frorn Investments Dlvldend5 from UK Companles Overseas Income Other Income Bank Interest 6,449 1,855 125 139 7,034 1,452 62 159 8,568 8,707 Proceed5 from Sale of Investments 80,145 21,958 TOTAL RECEIPTS 88,712 30,664 PAYMENTS Donatlons relatlng dlrectly to charitable activities Perthshlre Soclety for Abandoned Dogs The Dogs Trust 8,000 10,000 8,000 10,000 Governance costs Messrs Irving Geddes, legal fees for prevlous year per assessment by Law Accountant Benchmark Law Accountant's Fee Independent examination fee Investment management C05tS 3,210 2,990 162 300 4,850 16,522 152 288 4,381 17,812 Purchase of Investments 75,565 22,345 TOTAL PAYMENTS 92,087 40,157 SURPLUSIDEFICIT FOR THE YEAR 13,3751 19,4931 All funds are unrestrlcted No rem uneration or expenses were paid to the trustees during the period under review Messr5 Irving Geddes WS, a firm whlch the Trustees are partner5 received £3,210 in respect of legal servlces rendered to the Trust
FRANK FINCH'S CHARITABLE TRUST TRUST ACCOUNT FOR THE YEAR 6 APRIL 2024TO 5 APRIL 2025 2025 2024 Bank and cash In hand Opening balances Surplus/Deflclt for year 16,996 26,489 13,375) {9,4931 Closlng balances 13,621 16,996 Investments Market val ue at start of year Purchase of investments Sale of investments Increaseldecrease In marl<et value 520,687 467,598 75,565 22,345 180,1451 {21,9581 12S.7121 52,701 Market value at end of year 490,395 520,687 All funds are unrestrlctod Approved by the Trustees and slgned on their bohalf by