Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
APPENDIX 1
OSCR Scottish Charity Regulator
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From 01 May 2024 To 30 Apnil 2025
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Office of the Scottish Charity Regulator
——
Names of the charity trustees on date of approval of Trustees’ Annual Report
Dates acted if Name of person Trustee name Office (if any) not for whole year (or body) entitled to appoint trustee (if any) 1 airman 2 3 4 5
6 5 a So a
a
Co 13 a a 16 17 18 19 20
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Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
APPENDIX 1
Reference and administration details
Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)
Structure, governance and management
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Type|of governing document|Constitution|of The|Personal Assets|Foundation|
|Incorporated as a|Scottish|Charitable|Incorporated|Organisation|(SCIO)|
|Trustee|recruitment and|appointment|The|Board|may|at any|time|appoint|any|person|to|be|a|Trustee|of the|
|Charity|-|by way|of a|resolution|passed|by|majority|vote|at|a|board|
|meeting.|
|The|minimum|number|of Trustees|is|three.|
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Objectives and activities
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Charitable|purposes|The|Charity's|objective|is|to|promote|equality|and|diversity|in|the|
|investment|industry|by|advancing|the|financial|education|of younger|
|people|(aged|16-|30)|and|supporting|students|and|others|wishing|to|
|pursue|careers|within|or|related|to the|investment|industry|and|finance|in|
|general.|
|The|charitable|purposes|are:|- The|promotion|of equality|and|diversity;|
|and|-|The|advancement|of education.|
|Summary|of the|main|activities|This|first|full|year|of the|Charity was|one|in|which|the|activities|continued|
|in|relation|to|these|objects|to|focus|on|developing|relationships|and|on|growing|the|profile|of the|
|Charity.|These|relationships|are|key|to|identifying|more young|people who|
|may|be|supported|financially|by|the|Charity.|
|Good|progress was made|developing|and|maintaining|relationships|and|
|nine|students|received|financial|support|in|the|period|under|review.|
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Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
APPENDIX 1
Achievements and performance
Summary of the main achievements of The Charity received a donation of £50,000 from Personal Assets Trust the charity during the financial period plc during the period. Grant payments to individual scholars amounted to £28,000. The Charity recorded a net surplus for the period of £23,369.
Financial review
Brief statement of the charity’s policy Unrestricted funds can be used in accordance with the Charity's objective on reserves at the discretion of the Trustees.
Details of any deficit
Donated facilities and services (if any)
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Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
APPENDIX 1
Other optional information
Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
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Signature(s)
OSCR will accept
digital or typed
signatures
Full name(s)
Position (e.g. Chair) Trustee
Date 29 September 2025
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Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
The Personal Assets Foundation
$C052513
APPENDIX 2
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Receipts and payments accounts
PSPenodstartdateffPeriodenddate
Fortne period | ("ay [Month [Year| 9 |_Day [Month [Year]
Section A Statement of receipts and payments
Unrestricted Restricted Expendable Permanent Total funds Total funds last
funds funds endowment endowment current period period
funds funds
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
A1 Receipts
50,000
legacies |
lornts | [CC]
Receipts from fundraising activites | |
Gross trading receipts | |
Income from investments other than
land and buildings
Rents from land & buildings | |
Gross receipts from other charitable
activities
AT Subtotal] 82,091 P8238]
A2 Receipts from asset &
investment sales
Proceeds from sale of fixed assets fF
Proceeds from sale of investments PY
AzSubtoral[
A3 Payments
Payments relating directly to charitable
activities 750 750
a
a
ee
a
73 Sub tota 29,022
A4 Payments relating to asset and
investment movements
Purchases of fixed assets fF
Purchase of investments FP
Aa Sub toral|
Surplus / (deficit) for year
23,369
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Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
- _$C€052513
APPENDIX 2
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Section B Statement of balances
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- Expendable Permanent
Unrestricted Restricted funds endowment endowment Totala Total last period
funds funds pen
to nearest £ to nearest £ to nearest £ to nearest £ tonearest £ to nearest £
B1 Cash funds Cash and bank balances at start of
Surplus / (deficit) shown on receipts and
Payments account 23,369 23,369
Cash and bank balances at end of year 106,887 106,887
(Agree balances with receipts and payments
account(s))
Fund to which asset belongs Market valuation Last year
—_etails
to nearest £ to nearest £
i —— —
Total
Details Fund to which asset belongs Cost (if available) see olay Last year
to nearest £ tonearest £ to nearest £
- = =
Total
Details Fund to which liability relates Amount due Last year
to nearest £ to nearest £
- — —
Total
Details Fund to which liability relates veectnate) Last year
to nearest £ to nearest £
oe — —
Total
Signed by one or two trustees Date of
on behalf of all the trustees Signature Print Name ate o
approval
— =
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2015-02-24-1p-accs-cs-version-excel-with-amended-cell / Statement of balances
1
December 2007
Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
APPENDIX 2
- SC052513
Section C Notes to the Accounts
C1 Nature and purpose of funds (may be stated on analysis of funds worksheets)
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| C2 Grants C3a Trustee remuneration C3b Trustee remuneration - details C4a Trustee expenses C4b Trustee expenses - details C5 Transactions with trustees and connected persons C6 Other information |
Type of activity or project supported Payment of bursaries to scholars |
Type of activity or project supported Payment of bursaries to scholars |
Type of activity or project supported Payment of bursaries to scholars |
Individual / institution Individual |
Individual / institution Individual |
Number of grants £ made |
Number of grants £ made |
|---|---|---|---|---|---|---|---|
| 9 | 28,000 |
||||||
| Total | 28,000 |
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| If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b) |
X | ||||||
| Authority under which paid | £ | ||||||
| £ | |||||||
| If no expenses were paid to any charity trustee during the period then cross this box (otherwise complete section 4b) |
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| Nature of relationship Nature of transaction Accommodation for one trustee supporting two scholars at financial education event(21-23 March 2025) |
Number of trustees |
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| Accommodation for one trustee supporting two scholars at financial education event(21-23 March 2025) |
1 | 248 |
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| Nature of relationship | Transaction amount (£) Balance outstanding at period end(£) |
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2015-02-24-rp-accs-cs-version-excel-with-amended-cell / Notes
3
December 2007
Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
APPENDIX 2
- $§C€052513
Additional analysis (1)
Analysis of receipts and payments
1 Donations : Expendable Permanent aed Restricted funds endowment endowment Total current Total last period funds funds eon to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ 2 Grants Unrestrictednr Restricted- funds Totaloratecurrent Total last period to nearest £ to nearest £ to nearest £ to nearest £ Total == = 3 Gross receipts from other charitable activities - Expendable Permanent Unrestricted Restricted funds endowment endowment Total cunent Total last period funds funds funds Pers to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ Total ==== = 4 Payments relating directly to charitable activities - Expendable Permanent Unrestricted Restricted funds endowment endowment Total current Total last period funds funds funds Pers to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ Travel, accommodation and subsistence costs om
4 Payments relating directly to charitable activities
2015-02-244p-accs-cs-version-excelLwith-amended-cellAdditional notes (1)
December 2007
Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
APPENDIX 2
$C052513
Additional analysis (2)
| 5 Breakdown of unrestricted funds | ||||
|---|---|---|---|---|
| The Personal Assets Foundation |
Total unrestricted funds |
Total unrestricted funds last |
||
| period | ||||
| Receipts | ||||
| Incomefrominvestmentsotherthanlandand | LP -— TT |
Pe- Pp- -— - |
||
| buildings | 2,391 sr i |
2,391 - es |
||
| Sub total | ||||
| Receipts from asset & investment sales | ||||
| Proceeds from sale of investments | ||||
| Subtotal | ||||
| Payments | sd TSC id |
Cd |
P |
|
| Ti CS td |
||||
| Subtoral | ____28,022 | |||
| Payments relating to assetand investment | ||||
| movements | ||||
| Sub total | ||||
| Netreces/ payment) Transfersto/ rom)fun Surplus /(deficit) foryear |
ee | |||
| a and purpose of funds |
2015-02-24-1p-aces-cs-version-excel-with-amended-cellAdditional notes (2)
December 2007
Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
APPENDIX 2
- $C052513
| Additional | analysis (3) | |||
|---|---|---|---|---|
| 6 Breakdown | ofrestricted funds | |||
| Total restricted | Total restricted | |||
| funds | fundslast | |||
| period | ||||
| Receipts | ||||
| Ve | ||||
| P | ||||
| TT | ||||
| Income from investments otherthan land and | ||||
| buildings | -P | |||
| Sub total | pC | |||
| Receipts from asset& investment sales | ||||
| _ | ||||
| Sub total | ||||
| Total receipts | ||||
| Payments | ||||
| CC | ||||
| SC -ST |
||||
| TC | ||||
-CT |
||||
| PO Pd Subtotal |
T P |
_ |
||
| Payments relatingtoassetand investment | ||||
| movements | ||||
| Sub total | ||||
| Transfersto | Totalpayments,JZT9 Netreceipts(payments),[](=JDJDTJ (rom)funds |
|||
| — and purpose offunds |
2015-02-24-1p-aces-cs-version-excel-with-amended-cellAdditional notes (3)
December 2007
Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
APPENDIX3
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Scottish Charity Regulator
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Inde ndentexaminer's re ortonthe accounts iw Report to the Charity name trusleesimembers of t_y_ersonalAssetsFo@atio " Registered charity | $C052513 -ll' number) accountsof the 1--__ — —, UO e 1 Mon i YearP|_enod_s_tart_d--at-e-—-}@-------------P-eriod-.--end--dat_e2024 . . —---<--charity for the period — @ Montil + earl Set out on pages I-bets cfalijtional sheets responpilltiesave of || Thewith charity"sthe terms trusteesof the areCharities responsibleand Trustee for the preparationInvestment of(Scotland) the accomts2005 inAct acconlanceand the \ trustees and examiner.| | considerCharitiesthat Accountsthe audit(Scotland)requirementRegulationsof Regwation 2006 (as10(1) amended).(d) of the TheAccounts charity trusteesRegulations \: j does not apply. It is my responsibility to examine the accounts as required under section | 1 44(1) (c) of the Act and to state whether particular matters have come to my attention. : | —— —— — —— — an Basis of independent | My examination is earned out in accordance with Regulation 11 of the 2006 Accounts 1, exammer's statement j 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 i consideration of any unusual items or disclosures in the accounts and seeks ! explanations from the trustees concerning any such matte,s. The procedures mdertaken | do not provide all the evidence that would be required in an audit and. consequently, | do ! Independent . : Win course of my examination, no matter has come to my attention ° j 1. which gives me reasonable cause to believe that in any material respect the i requirements: | * to keep accounting records in accordance with section 44{1) {a) of the 2005 Act and i Regulation 4 of the 2006 Accounts Reguiations, and 1 * t prepare accounts which accord with the accounting records and comply v&h Regutation 9 of the 2006 Accounts Regulations have not been met, or | 2. to which, in my opinion. attention should be drawn in order to enable a proper Signer’ understandingaof the accounts to be reached_T | tl qualification(s) or("fbody)[ Institute of Chartered Accountants of Scotland I any: f a | ee a pteasedeletethewordsinthebracketsifthey donotapply. Ifthewordsdo apply, setoutthose matters whichhave correto your attention on the following page. -OSCR will accept digital or typed signatures
Docusign Envelope ID: AB016D44-4C07-4E8E-AB30-7C62806D97D7
l !
f
APPENDIX3
Disclosure section
Only complete if the examiner needs to highlight material problems.
Give hera brief details of r-
any items t11at t11e i examiner wishes to I disclose' l
j l i l I
!