RE615TEREDCOMPANYNUMBER.. CSty)1442 IScotla* ftEGISTEftED CHARITY NUMBEK. SC049929 Reportof the Trustee5a￿S Audited FinancialStatement5forthe Year Ended 28th FEbNary 20 for Nairn FamityTru5t1SC501 airn FaMi￿rnIst{SC￿l) Cont¥*sof Flnancial Stathments foi theyear Ended 28th Fe￿￿ary 2025 Pa8e Reference andAdministratrye Detsils epDrt oftheTru5tees St3temeThiof Trustees, Responslbiiityes Report Df the lndep2ThYEntA￿itors 5 to B Statementof Fina￿al AttiVI￿e$ 83lan¢eSheet Cash Flow Statement li Notssto the Flronclal Statements 12 to 16 Detailed Statementof Financial Actbvthes L7 Nalrn FamilyTriwIsC￿I TreferenceandAdministrative Detai15 fortheY&3r Ended 28th February 2025 TRIMEfS REGLSTEREDOFFICE RE615TEIIEDCOMPA14Y NUM8ER C￿44215¢￿tIond> RE6151eftEDCHARIIYP4UMUErt SC049929 INDEPENDENT AUDFTORS The Kelvii Partnership Ltd The Cooper Building 505 Gre* W*tern Road Gl3sgOW G12 8HN ACCOUIITA M[LaU￿lIn Crolla LLP 77n Hanoverstreet Edlnbu EH2 IEE Pa6e I Nairn FamiWTrLtstI5CIOI RÉpDFt of theTrusrees fortheyear Ended 281h February 2025 The tTUStees present their ￿P(￿t with the financial statements of the charity for the year ended 28fh February 2025. The tru5tee5 have adopted the provision5 of Accountin8 and ReportiN8 by Charities". 5tatemeni of Recommended Praciice applic3trdetochar411es preparingtheir a¢counts In accordance%wth the TiThaDcièl RepDrtin£ Standard applicaile in the UKand Rewbli¢ of Ire13nd (FR5 1021 leffecO¥e lJanuiry20191. OWECTWESA14DAcnvmES Obiedlve5 and alms The wrpose of the Trust is to support 6roupsand organisatlons that have charitawepwposes aligTred mst Closelywth the tLKrent focus of the TrusL Cuffently, trustees ère particulady interested in SUPPOrting Charities serwni vulrterable young people Irom. though not exclusively, CBre experfenced back8rounds ￿ the Glasgow are3 through, for eXaM￿e, posltlve interventions and opportunities, ttsuma informed rnentoring, seTvices that help as5iSt trdnSIt￿n care experienced young people into indepenthnt liwn& and educatiory cultvre ski115trainiTh%. The tru*ees will also consider funding across the wider remit of the trust at their d1S£ret￿jn, i￿￿81ng promotvJn of partiopatlon in sport in response to the ThèEdsof lotal and SOME international comrnuniLie5. S*nlfi There was alw ? drawdown from rhe US th)Ilarfund the year. The babnce of 5terllngfvnO at the ¥earendwas Éb,301,678 and isfor future grantfundiw and otheradmlrrfstraiive ¢osts. As noted abo￿, thErewasa tran5ferdurin8 theyear from the US Dollarfundto theStertinE fi&nd. ThE remaining balance the US Dd13r fund IS wbject to exchange rate ¥ariance3￿ wlll be Converted in tranches ro sterfin& as and when exch3n8e rates ire benefScl?l ar￿3$ required. Thècharity hèsunrestrlctedfund5 of £11,685.106 at 28February 2025. Asthe fund5 3re Ilquid It is not deemed fteces5ary to seta minlmum thl of reserves. Prlnclpallundlnisouvce5 The SCIO isfunded by donations in both Stedin8and US Dollars from TIE N3irft Family5 charitswefund. PaÈe 2 Nairn Family Trust (SCIO) Report of the Trustees for the Year Ended 28th February 2025 ## **STRATEGIC REPORT** ## **Principal risks and uncertainties** The trustees have considered the major strategic, business and operational risks which the charity faces to ensure there are systems in place to mitigate these risks. The Trust is well funded and closely managed by a small number of active Trustees who are both financially astute and diligent in their pursuance of the charity's objectives. All reserves are held securely on deposit in the Trust bank account on a no risk basis for the furtherance of the charity's objectives. No deficit exists at the year end. ## **Future plans** The Trustees intend to hold the funds securely on deposit and apply them as required to the charitable purposes, in particular to continue to contribute to local community, cultural and education based charities. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Trust, incorporated as a Scottish Charitable Incorporated Organisation (SCIO), was registered with The Office of The Scottish Charity Regulator (OSCR) on 6 February 2020. The charity is controlled by its governing document, a deed of trust. ## **Charity constitution** The Trust is governed by a Constitution, requiring a minimum of three trustees at any time and without a maximum number. ## **Recruitment and appointment of new trustees** Election is by majority decision of the Board of Trustees at a Board Meeting and no minimum term applies. The Deed specifically excludes the election of anyone who has been disqualified as a Charity trustee and any employees of the SCIO. The Trustees may elect office-bearers among them. Trustee training requirements affecting the charity's areas of activity are addressed as part of the trustee meetings. ## **Organisational structure** There are currently five Trustees, all of whom are family members. No office-bearers have been elected. ## **Decision making** No specific advertising of the availability of funding is made. The Trust now has a website through which email applications can be made. Decision-making is by discussion on an ad-hoc basis as funding needs are brought to the attention of the Trustees. ## **Risk management** The Trustees fulfil their duty to identify and review the risks to which the Trust is exposed and ensure that appropriate controls are in place to provide reasonable assurance against fraud and error. Research is routinely carried out on all potential institutional beneficiaries of grant funding including a review of OSCR accounts and reports. If appropriate, a meeting may be required to gather further information or evidence of need and to assure the Trustees of the process by which the funding will be applied to the ultimate beneficiaries. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 16th June 202S and signed on the board's behalf by: Page 3 Naim FamilyTtust1SCIOI StatemerrtofrTru5tees' ftespDnsibilities lor thEYearendEII 28th February 2025 The trustees (who are also the dirertors ol Nalrn Famlly Trust Iscioi for purpos￿ ol cornpany lawl are re5pongble lor eparin8 Ihe Rewjrt of Ihe Trustees and the financial statements In ¥cordance with applicable13W 3nd United XingdDm Acmuntln8 SI￿dards{unIt￿ Kin8dom Gener311yAccepted Account5n8 Practice). CgmpaDyl6w reqL4tès thetrusteesto prepare tinancial thtetnents foreath financial year wh￿h give a twe and lairview of the 51ate Of affairs of the charllable company and of rhe incomin8 resouice5 and application of ￿sourCeS, Includin8 the incomeandexpenditure, of thecharIta￿e cDmp3nyforthat period. In preparingthoselinanual 5taternEnts,the trusteesare required to selectsuitable accountin8policie5 and then app￿the￿Con5lSlently', observe the m2thods and principle5 in the Charity ￿Ap., makèjudBemeTrt5 estimaie5that3re reasDnabl&and prudent., prepare the firFancial ttatemernts on the 8oiw corttrn basis it is inapwowiate tg presume that the tharitab companywill continue In bu￿neSs. The trusteesare ￿spOnSIble*9rkeepIrt& proper accounringrecords whlch disclose with reasonable accuracy atanytime the ffnancial Wsillon ot ihe chafitsble company and to enable them to ensure that the financial staternent5 comply with the Companies Act 2Li16. They are a150 respons1ble for 5afe8uardlr* the assEts of the Charitab￿ Company and hence for taknr reasoDèblestepsforthe pre¥eDtlon and detecuon of ftaud ènd other1r￿u1arrtj￿. In 50 far asihe tru5tee5 are 3ware'. there is no r4e¥ant audit informabon of wN¢h the¢hari￿ble ¢ompary'saudltors are unaw31e', and trustees have taken all rtep5 that they ought to hawe taken to make themselves aware of any r￿e￿aTrt audit infomiatioll and toestablish thatthe auditorsare ￿are0f ihat information. Page4 Reportofthe lTrdèpeDdentAudltor5to thefru5teesof OplhksTh We h3ve a￿lI[ed the financial sratwnenrs of Naim Famity Trust1SCIOI Ithe'charity'i for the year ended 28 February 20 which comwi52 the Slatementof Fin3ncFal Activities, the Balance Sh¢et. the Cash Flow Ststemeni and notes to rhefinincyal siatemenis. in£ludin8 a summaryof 98Dificanl èccouniinB pollcie5. The financial reportin8 framework that has been applied In their weparatlon is applirable law ènd United Kin£dorn Accounring Standards (United Kingdom Generally Accepted Account1r￿ P￿ttice>, includlng Financial Rerortlng stsndard 102 Yhe Fihart(ial Reportingsrandèrd applicable in the UK and Republic of Ireland,. In ouropinionthe financial statements.. 61ve 3 true and falr wew of the state ot the charity's affalrs as at 18 February 2025 and of fts In￿mIn8 resources and application of resources, forthe yeart￿n ended,. been proper￿ prepared in accordance with Unitpd Kin&dDm GErorally Accepted krountiTrg PractKe, including FlnancLIl Reportlngsiandard 102 The Finan081 Rewrtinistandèrd èpplicabkin the UK and Republicof Irelond.: an h3ve been wep3red In accordance with the requiremerfs ol the Charitie$ 3nd TNs*e In¥e51ment1Scotlandl Act 2L¥15 ReBulation 8 of theCharitie5Account5 (Scotlandl Regulation5 2006. eas￿for oplnion We coodurted our audit in xcordance with Internatlon31 St3ndèrds on Audidn8 IUKI IISAS IUXII and applic3bfe13w. Our responsi￿litieS Under those stèndards attr furthEr de5cribEd ITr the Audltors, respDD5itslhies for the audit of the financial stsiement5 sertion of otsrreport. We art Independent of the tharity in ac¢ordancèwith the ethlol requirementsthai Ire relevant to our audit of the financial Statements in the UK. includSn8 the FRC'S Ethlcal Standard. and we have fulfilled our otherÈthical resp(￿sIbIlItIeS In accordance withthese reqLtiremen¢s. We believethaitheauditevh4encewehave obtained Is sufhcient and appropriate ro pro￿de a basis forouropinion. ConEIu5¢Dll5 relatlnKtoplni concern ID audifing thefinantial st*ement4 we have coKludEd thatthetru5tee5' U5eofthe goinE cJncern basi5vf Keounting inthe preparation olthe financial ststements is appropriate. Bèsed on the work we have pErforrnEd, wp hwe not Identif￿ any maten81 uncertaintie5 relètirÉ to events or condptsons that, indwldually orcol*tively. mayt•st significantdovbt onthe rharity'sability to¢oNtinue asa g¢ifieconcem fota period of at least twdve monthsfrom when the linanci315rarements are aythorfsed for Issue. Our responsibilities and the resp¢nsibilities of the trustees %wth respert to going CO￿ern are described in the rdeyanr secUor6 of thls report. Other InformatlDn The trustees 3re respDn4ble for the other informatlon. The other Inlormatson comprtses the Informarbn I￿￿ed in the Annual Rewjrt, other than thefinanci31statements and oyrRepDrtof the IndepeTrdenrthitorsthereon. Ow op￿Tr￿n on the financlal siaternents does not cover the other infomètion ènd. except to the extent otherwtse expliciU¥ stated In ourreport we do not expressany form of a55urante conclu4on thÈreon. In tontbertion ￿th our audit of the tinancial statements, our responsibility 15 to rÈad thÈ oth¥infonnation aTTd. In doine $0, consider whetherthe other infDrmation 15 materialtyincon515tefjt with the linarKial ststements or our knowledge obtained Intheaudit Drotherwise appearsto be materkilly missiated. If we Identlfysuch materi31 incon￿%￿ncle5QraPp3renr material rnIS5ratement5, we are required to determinewhether rhis 8wes f15eto 3 Material misstsiemenr In the financial ￿atern&nrS thernsEIvES. If, based on the work we have performed, we conclude that there 15 a material misStatem?nt of this ￿t￿r Informatlon. we arerequlredto fftportthaits¢t. Wehave nothin8 to report inthis re￿rd. MatterJ on whlthwe are requlredto rewl byexceptlan We have nothing tD Fewt ITr respett of the folbwin8 matters where the Charities AttOWlts1Stotlandl Re8Ulat￿n$ requires usto r*wrtto you if, in our opinion.. the information 8i¥en the Report of ¢heTrvstees is incort51Stenr in any materfal respeciwith rkt financial statements.. or PIDperaccountifis record5 have notbeen kept," or the fiDaMal statementsare not in asieement with the 3ccountin8 reccrdsand retuffls., or we have not rÈcdved all rhe information and explanations we rÈqulre forouraudil. Page 5 Reportof the IndependentAuditor5 to thETru5tEesof Nairn FamilyTrust ISCIOI ftespon5ibilitie5 of trustees As explalned more fully In rhe5tatemeniof Trustees, Rewnsityllties. the trysiees are responslblefor the prepar*ionof thE rin3ncval statements whlch 6kve a true and tsir view. and forsuch internal control asthe trustees determine is nece5saryto enable the preparationol financial 5tatement5that are free frorn material mis5tatement,whEther dueto fraud or error. In preparlng the flnanclal starements, the trustees are reswnytAe for assesslng the tharity'5 a￿lIty to contlnue as è concern, disclosln& as applicable. matters relared to going concern and usin8 the 80in8 coKern ba515 of accounting unle thetrustee5 either iriteno to Iv4uidate thecharity orio cea5eoperation¥ Dr haweno rEalisti¢ alternative buttodo $0. P38e 6 Report of the Independtnt AuditorstothtTrust£esDf N8lm FimilyTrust ISCIOI Our rosponslblSltlè%lorthe •udltolthe rtn4tht¢alststsments We have beenappoinredasaijditors under section 441111¢> ol the Charifies andTrustee Investment (Scotlandl Art 2C05 and report in ateardanee withthe Act relevant regulation5 madeorhaving effect rhereunder. Ovr obiectNes are ¢oobiain reasonableassurarte 8bDUtwhethprthefintncial Statern￿aSa whole are free from materi81 misstaternent, whetherdue to fraud or error, and to issue a Report of the Independent Audit¢rsthat i￿l￿deS oufopnion. Reasonable assurance 15 3 hlsh level of assurance. but is not 3 8uar3ntee thai an audli conducted In accorda￿ wlltt IUKI Will always detect a materval misststement when it existk Mis51atements can arise frDm fraud or e￿Or and are ¢On5idered miterial if. indwidvally or in the a￿legIte. they could rea50natsy be expErted to influence the economic deci%onsof u5ersiaken on the bas15 of ihesefinancial st3tementS. The extenito whlch our Kw¢eduresarecapaUe of detetting ir￿Ul¥titIes, Includi￿ fraud isdetailed belLW.' Irregularthe% Includingfraud. are inst3nce50f nonTrdence wtth the tax authot)ties. Secondy the ertity is sUb￿Ct lo many othqr laws and ro8uLitions IncludnA tho AML règulations and GDP￿ where tho consequEKesof noTr0￿p11￿￿C0uId h?veamarerlal effecton 3wuntsordlsclosuresln the IIna￿la1 statemerns AuditingsièrK1ards lknittherequired aL¥Jit proceduresto identrfy non fcrtheY2ar Ended 28th February 2025 2025 Unresiricted 2024 Total fu INCOMÉ AND EPIDOWMEfirs FROM Other I￿ome 441.727 509,6$9 ÉXPEIIDITUREOII 359,430 AtharKernenrol tho arts, hprkay. cuiiure& sclehce AttIa￿emen1 of rd*f dw5E or huminsufforin8 Leyl & attoUn￿r￿¥ GmrnwKe 6YS.458 4.610 7.2LYJ d￿e10PMerrt Prolesswl fees Support lor ￿1Ve￿Ople 76337 264,tyJ 4,821 ot￿r 439 Toul NetgaIn￿1l0s￿e$j on Investments 148,253 ￿￿52} NET INCOMVIEXPENC*rruREI 1SLS.1771 1592,(P391 RECONCIILATION OF FUNDS Toial fwds brou8htforward 14,207,777 14.799,876 TOTALFUNDSCARRIED FORWARD 13,692,60) 14,207.?7Y The notesfom partofthesefinandal swmeDts Pa￿9 ## Nairn Family Trust (SCIO} Balance Sheet 28th February 2025 |||202S|2024| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**CURRENT ASSETS**|||| |Debtors|8|14,147|| |Cash at bank||13,690,4S3|14,219,477| |||13,704,600|14,219,477| |**CREDITORS**|||| |Amounts falling due within one year|9|(12,000}|(11,700)| |**NET CURRENT ASSETS**||13,692,600|14,207,777| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||13,692,600|14,207,777| |**NET ASSETS**||13,692,600|14,207,777| |**FUNDS**|10||| |Unrestricted funds||13,692,600|14,207,777| |**TOTAL FUNDS**||13,692,600|14,207,777| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 202S. The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements. - The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been audited under the requirements of Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005. The financial statements were approved by the Board ofTrustees and authorised for issue on 16th June 202S and were signed on its behalf by: The notes form part of these financial statements Page 10 Nairn FarnilyTIu5tlSCV)I Cash Flow5ratement fortheyear Ended 2Bth February 2025 2025 2024 Note5 C*sh fvw5from operatIn¥art￿ltles Cash8ener31edfrom operatlons 677,2771 6,6471 Net cash used In operatin8actwlties 1677,1771 1186,6471 Chany In cash and cash equlvalent5 InthE repDrt¢ng perlod C4sh and¢a$h eqyiY3leotsattht beiinhini otth@ reportln6 pofiDd Cash in and cvAheqUiva￿nt1due to exch￿￿ rate movement5 1677,2771 1136.6471 14,219.A77 14,811,576 148,253 1455,4521 rasha￿d ¢ash èttheend olthe reportlni perlod 13,690,453 14.219,477 Th2llOtesform part of these finanual 5tatEments Page 11 Natm FamilyTrustl￿l0> NDtestothe Financial Statement5 faF the YearEndEd 28th February 2025 ACCOLINTING POUCIES Bas15 of pt&p•rlnÉthe ftnan¢lal sts¢¢metyts The financial staternents of the charit3ble company, whi¢h is a public benefit entity under FRS 102, have been prepared ID arcordance with Ihe Charities SOAP IFRS 1021 'Accountln8 and RepDrtin8 by Ch3rities'. Siatemeni of Recommended Practice applicable 10 tharibQS preparing their accounts in a¢¢¢rdan¢e with the Flnancll Reportln8 Standard applic?èle In the UK and Republ1¢ of Ireland IFRS 1021 leffettive l January 20191., Flnancial Reporti Standard 102 Financial Reportin8Stand?rd applicab]e in the UK and Republic of Ireland, and the Companie5Act The finaneial statements have been prepared underthe hI5torlcal cost convention. Thefinanclal statementsof theSCIO,whlEhis3 publit bÉnelitentltyurAerFRS 102. haV￿b￿nPreP3red1n acCO￿an th tbe Charitle5 SORP (FR5 1021 'Accountsn8 and Reportin8 by Chariries.. stsiement of Recommended Practice appli¢able to charitiespTepari￿th&1raC¢OvTht$ in accordancewith thE Financial ReportlDgStandard applicablein the UK and Republlc of I￿land IFRS 1021 letfective i lanvary 20191,, linan¢ial RepDrtin8 Standard 102'The Fin?nc&41 REportin8Standard applicable Inthe UKand Republicof Ireland'.The financi31 statem￿lShave beenprepared ufider thehistorical eostconverttion. All incorne 45 FeCO￿lsed in the Staternent of Financial ActNf(ie5 once the chanty ha5 entitknent to the fund4 it is probatAethat the iDcome will be rec&Ned andthE amount canbe measured relk?bly. Expendlture Liabilities are recoBnised è5expEnditilTe a5 500n asthEre is a le8al or con5tructlvEobli8atvJrtcommithng the charity ro tharexpenditure, It is probablethèt a transfer of economic benef￿$￿111 be required Insettiement ar￿the3M0￿Thl of the oblig3tioncan be measured rÈli3bty. Expenditure 1$3¢CDuntedfor on an 3ccruals b35is and ha5 been dassfied unOerheading5that aggregateallc05trelatediothecate80ry. Whefecost5callnot bedlrec1￿attribUtedtO particulai headlngs ¢hey have been allocated to artiwties on a basisconsistentwith the use of osources. Gfants offered SL6ject to conthticns which have not been met at the year end date are noted as a commitrnent but notacm*d asexpenditure. Taxatlon Theeharlty isexemptfromeorporationtax on itscha￿table aetNities. FundattouRtln8 Unrestricted fund5 can be used in accordance with the Charitab￿ oblectivesatt￿￿ disrretion ofthÈtrustees. R@5trlcred ltsnds ￿n only ￿ used for particular restrlcted wrposeswllhln the objèus of ihe ¢harlty. RestrKtlons arlsewhen spetrfied bythedonor orwhen funds3rerai5ed for partscular restncred purp)sek Furthw explonationof the nature and purpose of eaehfund lsincluded inthenotes to thellnanclal Star￿enr& ForeigTr currencles The functional and prÈ5entatiOll eUTrÈnty of the SCIO isthe ptsur*J sterliag. The financial ststementsare wesenied in pOunds￿￿4￿8aTh￿ ro￿￿edt0 thenearest pound. A5set5 and Ilabllltie5 ￿n forei8n currencies ale translated into stertlns at the rate5 of exchange ruling at the balarte sheetdate. Ttsnsaction5 in foreign currencies are translated into stEding at the rate of EXthèn#è rulingatthe date of ttansartron. ExthangtdffterErKesaietaken intoaccuunt in èrrivinE at the operating resu￿. Credllor5 and pThklC￿5 Creditors anLI provisions are re(￿niSell where the charity has a present oUi8ation resultin8 from a past evenr th* Will probabty resultinatrdnsferoffundstoathird party andtheamountduetosettiethe obligation canbe measured of estimated reliabty. Credltors and Provi￿On5 are normall¥ reco8nised at their 5ettlernent amount after allowin8 foranytrade discounr5 due. Ca$h Cashat bankand In hand Includesc85h ènd shortterm hl8hlyliqukl Inve51ment5th3tarereadllyconvertible toknown amountsof c35h rhat are 5ublert ro èD inlenificanr risk of change5 in value. P38e 12 continued... Nairn FamilyTrustlSCIOI Notes to the Financial Statements-contintsed fortheyear Ended 28th Fetruary 2025 CHMlfABLEAcfNEIIÉS e05TS GraDI funding of activitie5 15ee note Support rosts15ee notÈ41 Costs TotaLg A&4ancementof theart4 herita84 culture & science Le￿1 & accountancy Goverftance Advancement of util￿shiP Dr community development Support forvulneratyeyouné peO￿e 675,458 675,458 4,620 4.620 7,5CO 76,337 340.804 76.337 340,804 4,620 1.092,599 7.500 1,104.719 GRAf4TS PAYABLE 2025 2024 Advan￿rne￿t cf edueation ALfvart¢ementofthe arts, heritage. t￿1￿￿e& ￿￿nce AdVar￿ment ol health. relief wevenuon, dlsea5eor human sufferln8 Athancementof citizenship orcommunity develop4ment Support ftsrvulneyable yourtgpeople 359,430 675A58 76,337 340.804 264.950 1.092,599 629.380 SUPPORTCOSTS Infotmation tEthnolo8y GovernèDce costs nance Totsis Other resource5 expended Governance 14 424 438 7.500 14 424 7,5CI) 7,938 NEriNC0￿/lEXpENDIrURtj NetiKQmEllexpenditurel 15 StatEdafterthar&l￿ItrediEItygJ.. 2025 2024 Auditors. remuneration Foreign txthafjgè Llifferences 7,2LYJ 455,4S2 1148,2531 Page 13 continved.. Nalrn FamllyTru5t ISCIOI Notesto the Financial St*emenrs- continued for1￿￿ Year Ended 28lh Febiuary2025 TRIJSTEES, REMLIPIERAmONAPIDBENEFrrs TherewerenotlU512es' remuner3tionorotherbenefitsfortheyearended 28th FEbruary 2025 norfortheyearended 29th February2024. Tru5tees'expense5 Th¥e were no trustees, e¥Fenses pald for the year ended 28rh February2015 r￿r for the year er￿ed 29th February 2024. COMPAKATNÉS FOIITHE STATEMENT OFF114ANCIALACTfviiiES Unrestricted fund IIICOMEAWD ENDOWMENTS FROM Otherincom 509.659 EXP£NDIWRE ON Charltable act￿￿0 tKement of education AthncemEDt of health. rdief prevention. d15ea5e Qf human 5ufferin8 Legal & accountancy Governance Advancement of otlienship orcommuTrlty development ProfessionallEes 359.430 5.000 4.5 7,2 264,950 4,821 other 405 Total 646,3t NetgaIThs1(lo￿S) on in¥estrnent5 1455,4521 NETif4coMEIIEXPENDITUAEI 1592.0991 RECONCILIATON OF FVIIDS Totalfunds brought fo￿ard 14,799,876 TOTALFiINDS CARftIEO ¥ORWARD 14,207.777 PaÈe 14 continued... Nalm FamllyTrust ISCIOI Notestothe FinancialStatement5-COntinued fortheYearEnded 28th February 2Q25 DE8TORS-. AMOUNTS FALLING DUEWITHIMONEYEAR 2025 2024 prepay￿￿Thts and accruedirKorne 14.147 CHELirfop5: AMOUNT5FAIUNG DUE wrrH114 ofiE YEAR 2025 2024 Accrued e%penses 12.rAo 11.7 Jo. m0vEN￿￿TiN FiJF4DS Net movement in funds At 1812125 At 113124 Unrestricted luTrd5 Generalfund 14,207.777 13,692,6r YOYAL FUNDS 14.207,777 (s￿,177) 13.692.600 Net movÉment In funds, Included 5ntheabovèarÈasfollows'. IncDmiDg resources Resovrces expended 6alnsan Movement Infund5 Unrestrlcted Fwbd5 General fund 441,727 11.105,1571 148,253 1515,1771 TofAIFU1405 1 105.1571 148.253 515,1771 convara￿v£S for movement Infunds Net movement in fund5 At 2912124 At 113123 Umestiieted funds Seneral fund 14,799.876 1592,0991 14,207,777 YOTAL FufiDS 14,207.777 Comparatfft net mo¥￿ent in fund5, included in the aèoveareasfollows.. Ir￿Thing resource5 Resources expehded Gainsand losses Movement in f￿d$ ilnrestsirted luhds Generalfund 509.659 1646.3061 145S,4521 1592,0991 Pa8e 15 contlnuèd... TOTALFIJF4D5 S09.659 1646,3061 455,4521 592 0991 Page 15 contlnued. Nairn F8milyTrust ISCIOI Notes to the Fin3nci3lStstemenrs- continued fortheYÈai End*J 28th February 2025 ii. OTh£R FifiAP4CIALCOMMITMENTS At the year end, the trustees have ￿edged a further £1,809.194 of fuwre charitable grant ￿J￿11n8 which will te payableoverthE next 3 years. 12. RELATEDPARTY DISCLOSLIAES There were no related Partyt￿ns3ct1Qfi5fort￿ey2ar ended 28th February2025. 13. RECON£￿TION OF NET EXPEfiDrfuAETO NETCASH Flow FROM OPERATIIIGAcfNmES 2025 2024 14er @xpendiiW for￿ reportlnl pEd¢d las peYihÈStatsment tTrf Fknayx*l AcUvltiesl Adjustments lor.. (Gainlllosses on investments Increase in debrors Increase in creditors IS15,1711 1592.0991 1148,2S31 114,1471 300 455,4S2 Net ￿$h used in QPEration5 1677.2771 1136,6471 At4ALYSIS OF CHANGES114 ￿￿FUNDs Al 113124 Cash f4ow At 2812125 14et t4sh Cashat bank 14,219,477 1529,0241 13,690,453 14,219,477 1529,0241 13.690,453 Total 14,219,477 1529.0241 13,69D,453 Page 16 Nairn Famll¥Tru5tlSCIOI DEtsled Staternent of Financial Artivit fortheYearEllded 28th feLYuary 2025 202S 2024 INCOME ANDENDOWMEpns Other into Deposit Inrerest recel 441,727 509,659 Total Incomln8 resourcos 441,727 509.659 E¥PEIJDrruRE Charit4Me•rtlvltie5 Legal and accountsncyfees Profe5%0nal fees Grant5tO ill5titution5 4,620 4.5 4.821 629.380 1.092.599 L097,219 638.701 Support costs nanca Bank char8es 14 Int￿ma￿(￿￿￿￿0tO4v Sundries 424 3% Governant*wsts Auditors, remuneration 7,500 7,2ro) Totsi resourcestxpond 1,105,157 646,306 Ilet￿pendI1￿rn trofore galns•pd losse$ 1663.4301 1136,6471 ReaI5ed recoEnlsEd 841nsaTrd t055e5 Reallsed 8ains/llosseslon fixed èsset Investrnents 148,253 1455,4521 flet ewdlture 1515.1771 IS92.0951 Thi5 page doe5llOtform part of thestatLbtoryffnancial 5tatement5 Page 17