Hufstetiler Foundation SCIO
Scottish Charity No — SC052282
Annual Report and Financial Statements For the year ended 31 December 2025
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Trustees’ Annual Report
For the year ended 31 December 2025
The trustees have pleasure in presenting their report together with the financial statements for the year ended 31 December 2025
Reference and Administrative Information Charity name
Hufstetler Foundation SCIO
Charity no
$C052282
Address
Cluny Lodge, 10-16 Cluny Drive, Edinburgh EH10 6DP
Current Trustees
Julie Hufstetler Chair
Ron Hogg appointed 12 March 2026
Marilyn Jeffcoat Treasurer
Kasey Dodds
appointed 12" March 2026
Lynn Sweeney resigned 15° December 2025
Telephone contact 0131 447 3411
Email contact admin@hufstetierfoundation.co.uk
Structure, Governance and Management Constitution
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 single tier structure and as such the trustees are the members of the charity.
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Appointment of trustees Initial trustee recruitment was by invitation of the foundation’s founder Mrs Julie Hufstetler. The board may at any time appoint a person to be a charity trustee via a majority vote at a board meeting. Two new trustees were appointed on 12" March 2026.
Charitable purposes
To make grants to individuals and organisations who meet the charitable criteria set by
the trustees which are:
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The advancement of education
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The relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage
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The advancement of health
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The saving of lives > The advancement of citizenship or community development » The advancement of the arts, heritage, culture, or science > Any other purpose that may reasonably be regarded as analogous to any of the preceding purposes.
Activities
In the year under review, the Foundation made grants to a number of charities as listed in the accounts on page 5.
Achievements and Performance Financial review
Grants of £65,000 were received and grants of £13,000 were paid out. After adding interest of £1202 and deducting administrative expenses of £618, the surplus for the year was £52,584. (2024 £3,210).
Reserves policy
It is intended to keep a reserve at a level which ensures that long term obligations can be met. 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 support for the next five years. It is considered prudent, therefore, to hold at least £50,000 on deposit. The £65,000 grant was not received until December 2025 so was not available for distribution. This has led to a high level of total reserves at 31°* December 2025.
Plans for future period
The trustees have been refining the process of identifying appropriate charities. It has been decided that they will no longer respond to unsolicited requests but will concentrate on causes that they have already supported and have shown benefits from that support.
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Signed on | 4Hh Mauch 9676a, on behalf of all trustees
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The Hufstetler Foundation SCIO
Scottish charity no. $C052282
Receipts and Payments Accounts
For year to 31° December 2025.
| Yearto | Yearto | ||
|---|---|---|---|
| ipt: REIS |
31.12.2025 | 31.12.24 | |
| Funds received | £ | 65,000 | 50,567 |
| Interest received | 1,202 | 1,658 | |
| Total receipts | 66,202 | 52,225 | |
| Payments | |||
| Grants awarded | £ | 13,000 | 48,580 |
| Administrative costs of charitable activities | 618 | 435 | |
| Total Payments | 13,618 | 49,015 | |
| Surplus/(Deficit) fortheyear | 52,584 | 3,210 | |
| Opening cashatbank | 83,455 | 80,245 | |
| Closing cash atbankand in hand | £ | 136,039 | 83,455 |
| Statementofbalances atyearend | |||
| Total | Total | ||
| Assetsand Liabilitiesat31°December | 2025 | 2024 | |
| Bank currentaccount | £ | 83,179 | 31,797 |
| Bank depositaccount | 52,860 | 51,658 | |
| Bank balance | £ | 136,039 | 88,455 |
| Other Assetsand LiabilitiesAssets - | |||
| Liabilities | |||
| Independent Examiner’s fee | £300 | £300 | |
| Accountssignedon aeMaulwy | byMarilynJeffcoat,Treasurer | ||
| gy MoSebtbroad |
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| The Hufstetler Foundation SCIO | Notes to the accounts for the year ended 31** December 2025 | 1. Basis 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 (Scotland) Regulations 2006 (as 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 single unrestricted fund for the day-to-day running of the organisation.
Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. In the year to 31*' December 2024, £567.16 was received on the closure of the Edinburgh Romanian Trust, a charity which provided educational support to young people in Romania. As agreed with OSCR these funds were applied for this purpose.
3. Related party transactions
No remuneration was paid to the trustees or any connected persons during the year.
4. Donations
The charity is funded by grants from Elder Home Ltd, a nursing home company based in Edinburgh which was founded byJulie and[Loren][Hufstetler.] It is expected that future funds will come from Mrs Hufstetler or from the limited company.
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5. Grants made
| 5. Grants made | |||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | é | £ | £ | ||
| Student project in lasi Romania | 5,000 | 5,000 | |||
| Student project in Barlad Romania | 5,000 | 2,000 | |||
| SuperpowerAgency | 1,000 | - | |||
| Ayr United Football Academy afterschool club | 1,000 | - | |||
| Governors ofDean Orphanage | 1,000 | - | |||
| Steps to Hope | - | 8,600 | |||
| Sunshine Wishes | - | 2,000 | |||
| TeapotTrust | - | 2,000 | |||
| Live Music Now | - | 2,000 | |||
| Light up Learning | - | 1,000 | |||
| BrainTumourTrust | - | 1,000 | |||
| Horsecross Arts | - | 2,000 | |||
| HarbourAyrshire | - | 1,000 | |||
| Rosebery Centre | - | 2,000 | |||
| Maggie’s Keswick | - | 5,000 | |||
| Canine concern | - | 1,000 | |||
| Chriss House | - | 2,000 | |||
| Visible Fictions | - | 5,000 | |||
| MoveOnScotland | - | 1,980 | |||
| Lothian Autistic Service | - | 1,000 | |||
| Crew2000 | = | 1,000 | |||
| Care forCarers | - | 1,000 | |||
| CombatStress | - | 2,000 | |||
| 13,000 | 48,580 |
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Report of the Independent Examiner to the trustees of the Hufstetler Foundation scio
| report on the accounts of the charity for the year to 31%* December 2025 which are set out on pages 3 to 5.
Respective responsibilities of the trustees and the independent examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide ail the evidence that would be required in an audit and, consequently, | do not express an audit opinion on the view given by the accounts.
In the course of my examination, no matter has come to my attention, which gives me reasonable cause to believe that in any material respect the requirement to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations,
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to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
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.
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Independent Examiner — Eric Wishart a
69 Promenade Co € Cut =
Portobello
EDINBURGH L
EH15 2DX Ne ce 4 or.
Dated S KM
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