2024-12-31-accounts

Hufstetler Foundation SCIO Scottish Charity No- SC052282 Annual Report and Financial Statements For the year ended 31 December 2024

Trustees, Annual Rep¢)rt For the year ended 31 December 2024 The trustees have pleasure in presents.ng their repon together wtih the financial statements forthe year ended 31 December 2024 Relerence and Administrative Information Charity name Hufstetler Foundation sao Charlty no SC052282 Address Current Trustees Secretary Treasurer Telephone conta Ernail contact [e-mail] Structure. Governance and Managememt Constltutlan The Charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered in its current legal form on 26th January 2023. It has a 5Ingle tier strutture and as such the trustees are the members of the charitv.

Appointmentof trustees Initial Trustee recruitment was by invitation of the foundation's founde board may at anytlme appoinl a person to be a charitytrustee via a majority vote at a board meetin8. Proposals are being discussed on the way future trustees will be Identified. Charltable purposes To make grants to individuals and organisations who meet the charitable criteria set by the trustees whlch are- The advancement of education

p The relief of those in need by reason of age, ill-health. disabilrty, ftnancial hardship or other disadvantage The advancement of health The saving of lives The advancement of citizenship or community development b Thc advancement of the 3rt5. herft38e. culture, or science Any other purpose that may reasonably be re6arded as analogous to any ofthe precedin8 purposes. ActI￿tIeS In the year under review.the Foundation made grantsto a numberofcharities as listed in the account5, Pa8e 5. Achievement5and Perforrnan¢e Flnandal revl¢w £50,000 was received durlng the year from Elder Homes Ltd, and £567 from the closvreof the Edinburgh Romanian Trust. Grants of £48,580 were paid out. Together with interest received of £1,658 a surplus for the year was achieved of £3.210. Reserves pollcy Because ol delays in settlng up the charlty In 2023. £50,C(M) wa5 transferred to a 32 day notice deposit account. The trustees, policy is to retaln fund5 to fulfil any lon8-term obligatlODS it has. For example, it has been agreed that the Foundation will continue supporting the educational work formerly undertaken by the Edinburgh Romanian Trust. This will be on a reducing level as no new students are being added to the project. However, some students will need supportfor the next six years. It is considered prudent. the￿lore. to hold at least £S0,OCX) on deposlt. This Sum will te reviewed annualty. It has been decided to leave the existing balance of £51,658 in the deposlt account. Plan5 for fuiure perl¢)d The trustees have be8un refining the process of identifying appropriate charltles. So far It has largely been in response to unsolicited requests. but the intention is to identify a small number of charities to support more intensively. ncd or I, Jeptembcr L025 on behalf of all trustees

The Hufstetler Foundati￿ SCIO A Scottlsh charlry no. SC052282 Recelpts and Payments Accounts for period I" January 2024 to 31 Derember 2024. Rtteipt$ Unfestrlcted RestrKted Fund Fund Yearto 3L12.2024 16.01.23 to 31.12.23 Funds received Interest received coM￿nsation from Bank Total receipts £ so,(MxJ. 1.6S8 41 567.16 50,567.16 1,658.41 E i(x),oco 320 £ 100,320 É 51,658.41 567.16 52,225.57 Payments Grants awarded Cost of charitable Activities Total pwrfrnents 41.580.(KI 7XKI)£Q 48,580.Q) 20,(KIO 435.65 435.65 75 £ 42.015.65 49.015.65 £ 20,075 Surplusl(Defkltl fDi the year Transfer from unrestricted to restrirted fund 16,432.841 OpenlnB cash at bank and in hand 80.245.46 Closlni cash at bank and In hand £ 83,45538 9,64176 16.432.84) 3,209.92 80.245 6,432A4 80,245.46 £ 83.455.38 80,245 Statement ot balances at year end Unrestrlcted Restricted 2024 2024 Total 2024 Assets and Uabllltlrf at 3151 December 2023 84nk current account Bank derK)5ri account 31.796.97 51.658.41 ai.796.97 51.658.41 30,245 Bank balance £ 83,455.38 £ 83055.38 £ Wl,245 Other Assets and Llablllties Assets iiabilitles Independent Examine¢s fee NONE 3(fJ £ 3LI).LM) Accounts signed on I September 2025 reasurer

The Hutstetler Foundation SCIO Notes to the accounts for the year ended 31$1 December 2024 l. Basls of accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 las amended) 2. Nature and purpose of funds Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trustees maintain a sin8le unrestritted fund for the day-to-day running of the or8anisation. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. During the year. £567.16 on the dosure of the Edinburgh RmnianTwsL a tharityvthich proth eduCatb￿al supportto peoFAe in Romania. It vtaswed 09Jlthat t￿se ￿nds￿￿k1 be appl*d forthesame purpxe. 3. Related party transartlons No remuneration was paid tothe trusteesor any connected personsduring the year. 4. Donatlons The charity is funded by grants from Elder Home Ltd, a nursing home company based in Edlnburgh which was founded by Julie and Loren Hufstetler. It is expected that future funds will come from Mrs Hufstetler or from the limited company.

1. Grants made 2024 2023 Steps to Hope Sunshine Wishes Teapot Trust Student project in lasi Romania Student project in Barlad Romania Live Music Now Light up Learning Brain Tumour Trust Horsecross Arts Harbour Ayrshire Rosebery Centre Maggie's Keswick Canine concern Chriss House Visible Fictions Move On Scotland Lothian Autistic Service Crew 2000 Care for Carers Edinburgh Direct Aid for medical supplies to Gaza Smile train BEEP Doctors Combat Stress Gurkha Welfare trust 8.600.00 2,LKIO.QKI 2,OiX).00 5,000.00 2.000.00 2,000.00 I,¢YJO.00 i.OLY).00 2,LXIO.00 i.cM)J.00 2.Crf)O.00 5,000.IXI I,￿0.00 2.000.00 5,000.00 1,980.00 i.000.00 i.000.00 I,0￿.00 0.00 6,000 2,000 5,000 5,000 1,000 500 500 2.000.00 0.00

Report of the Independent Examiner to the trustees of the Hufstetler Foundation scio I report on the accounts of the charity for the year to 3151 December 2024 which are 5Ct out on pages 3 to 5. Respective responsibilities of the trustees and the independent examiner The charitY'S trustees are responsible for the preparation ol the accounts in accordance with the terms of the Charltles and Trustee Investment (Scotlandl 2005 Act and the Charities Accounts (Scotland) Regulations 2006 las amendedl. The charity trustees consider that the audit requirement of Regulation 10111 {d} of the Accounts Regulations doe5 not apply. It is my responsibility to examine the accounts as required under section 4411} Icl of the Act and to state whether particular matters have come to my attention. My exarnination is carried out in accordance with Re8ulation 11 of the 20C6 Accounts Regulations. An examination Includes a revlew of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also inclLJdes consideration of any unusual items or disc105ures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently. I do not express an audit oplnlon on the vlew given by the accounts. In the course of my examination, no matter ha5 come to my attention, which 8ives me reasonable cause to believe thal in any materlal respert the requirement to keep accounting records in accordance with sertion 44(1} la} of the 2005 Act and Regulation 4 of the 20C6 Accounts Regulatiors, and to prepare accounts whlch accord wth the accounting records and comply wlth Regulation 9 of the 20(￿ Accounts Re8ulations have not been met, or, to which in my opinion, attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. Independent Examiner Dated I" September 2025