THE LINN FOUNDATION scorrisH CHARITY NUMBER: SC051500 TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2025
THE LINN FOUNDATION TRUSTEES. REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2025 Contents Pagg Trustees. Report Statement of Receipts and Payments and Sialement of Balances Notes lo the accounts Independent Examiner's Report lo the Trustees of The Linn Foundation
THE LINN FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 JANUARY 2025 The twstees have pleasure in presenting their report together with the financial statements for the year ended 31 January 2025. Structure Governanc¢ and Mana ement Constitution The charity is Scottish Charitable Incorporated Organisation la SCIOI, and the purposes and adminislralion arrangements are sel out in the charity's constitution. The charity was registered with OSCR on 13 January 2022. Recrultment and appolntment of trustees The current trustees were appointed on incorporation of the SCIO. The board may (subject lo rtain clauses within the conslilutionl al any time appoint any person lo be a charity Iruslee bywayofa resolution passed by majority vote al a board meeting. Ob ectiv $ and actlvlties Charitable purpo$•s The SCIO seeks lo harness, and maximise the effectiveness of, the efforts of Linn Products Limited and ils partners and staff (individually and collectively) in raising funds, volunteering andlor othenvise supporting organisations, initiatives and events which further any one or more of the following aims-. the prevention or relief of poverty-, the advancement of education., the aévancement of health., the advancement of citizenship or community development., the advancement of the arts, heritsge, culture or science- the advancement of public participation in sport., the provision of recreational facilities, or the organisation of recreational aclivilies with the object of improving the conditions of life for the persons for whom the facilities or aclNilies are primarily intended; the promotion of equality and diversity- the advancement of environmental protection or improvement,. or the relief of those in need by reason of age, ill-health. disability, financial hardship or other disadvantage through the provision of financial support. A¢tlvitie$ The charity has been donating to other charitable organisations on behalf of the charitsble interest of the employees of Linn Products Limited. Achi9vemants and perforniance £83.692 (2024.. £151,580) of grants were paid to other charitable organisalions during the year. Flnancial review During the year, the charity received donations of £80,000 (2024.. £157,088) and received bank interest of £412 (2024.. £161). The charity made donations lo other charitable organisalions of £82,692 (2024.. £751,580) and incurred bank charges of £61 (2024.. £70). The charity also incurred other expenditure of £1.001 (2024.. £nil). The independent examination fee of £1,500 (exc VATI (2024.. £1,4 15) is paid on behalf of the chaiity by Linn Products Limited. Al the end of the period the bank accounts held £23.490 (2024.- £27,832).
THE UNN FOUNDATION TRUSTEES. REPORT ICONTINVED) FOR THE YEAR ENDED 31 JANUARY 2025 Reservès The charity has unre5triGted r&seThes ot £23,490 which is considered sufficient as the charity has minimal running costs. Plans for future poriod The trustees will look to increage the fundraising activities of the charity so il can support more beneficiaries. Referènce and Administrative Infom)ation Scottish Charity Nrnber. SC051500 Trustees: Approved by the trustees and signed on their behalf by: Trustee Date:
THE LINN FOUNDATION STATEMENT OF RECEIPTS AND PAYMENTS AND STATEMENTS OF BALANCES FOR THE YEAR ENDED 31 JANUARY 2025 2025 Unrestricted Funds 2025 2024 Total Unrestricted Funds Funds 2024 Total Funds Recelpts Donaiions recelved Bank interest 80.000 412 80.000 412 157,088 161 157.088 161 80.412 80,412 15T,249 751,249 Payments Donalions to other charitable organisalions 183,6921 {611 11,0011 Bank charges Other expendrture 183.6921 1611 11,0011 (151,580) (70) (151,580) (70) 184,7541 184.7541 (151.650) (151,650) Deflcit and net movement in fvnds {4.3421 14.3421 5,59g 5,599 statement of Balances as at 31 January 2025 2025 2024 Bank and cash in hand Openlng L)alances Oeficll and nel movemeni in funds 27,832 14,342) 22,233 5,599 Closing balanGe$ 23,490 2T,832 Represented by.. CAF Cash AccDunl CAF Gold Account 12,96D 10,53D 4,699 23, 133 23,490 27,832 Reserves Unrestricted Fund 23,490 27.382 4=F.? D! Ihe Fruslèes and signed on their behalf by.. I iJslee Date:
THE LINN FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2025 1. Basls of accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment Iscotland) Act 2005 and the Charities Accounts IScotiand} Regulations 2006 {as amended). 2. Nature and purpose offunds Unrestricted funds are those that may be used al the discretion ofthe trustees in furtherance of the objects of the charity. 3. Related party transactions Donations of £22,916 (2024.. £18,366J were made by the charity lo another charity in which one of the charity's trustees is also a trustee of. Linn Products Limited. a company in which the trustees are key management personnel of, made donations of £80,000 {2024,- £157,088J in the year to the charity. The independent examination fee of £1,500 exc VAT {2024.' £1,415) is paid on behalf of the charity by Linn Products Limited. 4. Trustee remuneration and expenses The Iruslees received no remuneration during the period (2024.. £nilJ. The trustees were reimbursed for no expense5 (2024.. £nil). S. Govemancg Costs The independent examination fee of £1,500 exc VAT (2024.. £7.415J is paid on behalf of the charity by Linn Products Limited. 6. Donations received 2025 Unrestrlcted Funds 2025 Total Funds 2024 Unrostricted Funds 2024 Total Funds Linn Products Limited 80.000 80.000 157,088 157,088 7. Donations to other charitable organisatlons 2025 Unrestricted Funds 2025 Total Funds 2024 Unrestridod Funds 2024 Total Funds Donations made 182.6921 182,6921 (151.580) (151,580) A total of 41 (2024.. 40) individual donations were paid to 39 (2024.. 40) organisations in Ihe year. These donations were lo organisations with a range of charitable objectives including the provision of education, the provision of health and wellbeing services and the provision of support services to those suffering ill health. Donations were also made to charities seeking lo end discrimination.
THE LINN FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LINN FOUNDATION FOR THE YEAR ENDED 31 JANUARY 2025 I report on the accounts of the charity for the year ended 31 January 2025 which are sel out on pages 1 to4. RespeGtiYe Tesponslbllltles of the trustees and the Indepgndent Examlnèr The charity's Iruslees are responsible foi the preparauon of the accounts in aco)rdance with the terms of th- Charitie3 and Trustee Investment (Scollandl Acl 2005 and the Charllles Accounts Iscotlandl Regulations 2006 las amendedl- The charily Iruslees consider (hat the audit requirement ol Regulation 10111 Idl of the 2006 Accounts Regulations does not apply. 11 is rny responsibility to examine the accounts as required under section 44111 Icl of the Act and lo $tsle whether particular mallers have Come lo my attention. Basi5 of Indèpendent Examingr's statom•nt My examination is carried out in accordanee with Regulation 11 of th8 2006 Acwunls Rggulalions. An exarninalion includes a review of the accounting records kept by the charity and a comparison of the accounts presellted with those records. 11 also includes consideration of any unusual Items or disclosures in the accounts and seeks explanations from the trustees concerning any such msjtters. The procedures undertaken do not provide all the evidence that would be required in an audit. and corisequenlly. I do not express an audr( opinion on the view given by the accounts. Independent Examiner's statement In the cou15e of my examination, no matter has come lo my atlenlion.. whlch gives me rèasonable cause to believe that in any material respect the iequirements= to keep accounting records in accordance with Section 44111 (al Df the 2005 Act and Regulation 4 of the 2006 Accounts Règulations to prepare accounts which accord wf(h the accounting records and comply wrth Regulation 9 of the 20C16 Accounts Regulatlons have not been met, or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Quay 2 139 Founlainbridge Edip,burgh EH3 gQG Oate.. 08 May 2025