THE PONTON TRUST SCIO
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2025
Registered Scottish Charity Number: SC052995
WHITELAW WELLS CHARTERED ACCOUNTANTS
THE PONTON TRUST SCIO
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
CONTENTS PAGE Trustees’ Report 1 Independent Auditor's Report 7 Statement of Financial Activities 10 Balance sheet 11 Notes to the financial statements 12
THE PONTON TRUST SCIO
TRUSTEES’ REPORT
FOR THE YEAR ENDED 30 JUNE 2025
introduction
The Trustees present their report and the financial statements of the charity for the year ended 30 June 2025. The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives, Activities and Grant-Making Policy
The objective of the Charity, as specified in its Constitution, is to promote, advance and further charitable purposes by operating as a grant giving charity which supports financially and otherwise charities, community groups, individuals and others which further the purposes detailed below and provide public benefit with a primary (but not exclusive} focus on the advancement of citizenship and community development {including the promotion of civic responsibility, volunteering, the voluntary sector or the effectiveness or efficiency of charities).
The following is the detailed fist of charitable purposes referred to in the Constitution as being the ones which are applicable to the Charity:
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e the prevention or relief of poverty
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e the advancement of education
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e the advancement of health
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the saving of lives
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the advancement of citizenship or community development
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*® the advancement ofarts, heritage, culture or science
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« the advancement of public participation in sport
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© the provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended
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e the advancement of human rights, conflict resolution or reconciliation
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« the promotion of religious or racial harmony
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¢ the promotion of equality and diversity
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the advancement of environmental protection or improvement
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e 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 animal welfare or
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any other purpose that may reasonably be regarded as analogous to any of the preceding purposes.
i
THE PONTON TRUST SCIO
TRUSTEES’ REPORT
FOR THE YEAR ENDED 30 JUNE 2025
Objectives, Activities and Grant-Making
Policy (cont
Although the Charity’s charitable purposes, as mentioned above, are widely drawn in its Constitution, in practice the Trustees have adopted and generally follow specific grant-giving criteria which are reviewed from time to time. At the present time, income is distributed mainly to charitable organisations based or operating in the Edinburgh and Lothian area of Scotland with particular emphasis on children and young people and on charities which are involved with people who may be disadvantaged in some specific way, and charities where help from the Charity can make all the difference to financial viability.
Achievements and Performance
During the period of these accounts, the Trustees made grants and other charitable donations to 40 organisations totalling of £122,358 (2024: 40 organisations totalling £162,606). This is lower than last year as last year the Charity issued 3 larger grants to celebrate its 30" anniversary in 2023. Further details are contained in Note 4 to the accounts.
Financial Review
During the period of these accounts, the Trustees awarded grants as noted above.
The investment income received by the Charity during the year amounted to £111,253 (2024: £82,702). ; There were realised losses of £2,554 (2024: losses of £3,973) in the year and there were unrealised gains of £112,612 (2024: gains of £223,082}. There was a surplus for the year of £78,848 (2024: £126,859) reflecting the level of donations in the year and the investment movements noted above.
The total value of the funds held as at 30 June 2625 amounted to £3,804,444 (2024: £3,725,596)}. During the year, interest and dividends, the sole source of funds for the charity, were received and professional fees incurred.
investment policy and performance
The annual income generated from the investment portfolio provides the means whereby the charity is able to fulfil its purposes. The investment objective of the Trustees is therefore to achieve an above average income yield together with growth of the income over the long term. To achieve that objective, the Charity has investments in a number of open-ended pooled funds and investment trusts. The funds are the direct responsibility of the Trustees and are held on their behalf by Rathbone Investment Management. The value of the portfolio increased from £3,731,700 to £3,741,491 during the period. The increase in value, after net disposals of £100,267, was primarily driven by the earnings growth of some of the Charity’s underlying equity holdings. The investment portfolio is well diversified, its performance over the long term has been robust and the Trustees believe that it is well placed to continue to achieve that objective.
2
THE PONTON TRUST SCIO TRUSTEES’ REPORT (cont)
FOR THE YEAR ENDED 30 JUNE 2025
Risk Management
The Trustees maintain a Risk Register for the Charity which is reviewed annually with particular focus on any high-scoring risks that the charity faces. The Trustees are satisfied that appropriate systems are established to mitigate these risks. The Trustees consider that the biggest financial risk facing the Charity is the variability of investment returns that are required to pay for its grant-making programme. This risk is mitigated through the prudent investment policy referred to above.
The Trustees are aware that there are risks associated with grant-meking and they give careful consideration to all applications in order to mitigate those risks so far as possible. In particular a pro forma grant application form is provided by the Charity on its website to ensure that an adequate and similar level of information is provided to the Charity by all grant applicants before decisions by the Trustees are made.
Reserves policy
The Trustees have chosen not to designate the capital funds held by the Charity. The Trustees regularly review the reserves of the charity and consider donations to be made based on the level of reserves held after allowing for the annual operating costs of the charity. The Trustees are satisfied that adequate funds were available at the Balance Sheet date to continue to fulfil the charitable objectives of the Charity.
Future Plans
The Trustees intend to continue to provide grants in a similar way to the way in which they have done so in previous years. The use of a standardised grant application form, which is available on the Charity’s website, facilitates the application process, and the Trustees’ experience is that this encourages a wide range of applicants to approach the Charity for financial support. At the same time this process enables the lrustees to exercise an appropriate degree of scrutiny when considering applications as well as ensuring as consistent an approach as possible when awarding individual grants.
Structure, Governance and Management
The Charity was originally formed in 1993 as a charitable trust with funds derived from the closure of a residential home which was known as the Ponton House Boys’ Residence. During 2023 the Trustees incorporated a new entity, a Scottish Charitable Incorporated Organisation, to take over the funds from the previous unincorporated Trust and continue the work of the former trust. The Trustees completed the process of transferring the funds from the former Trust to the newly incorporated entity in 2024,
In appointing Trustees, the Board seeks to maintain a balance of relevant skills and a diversity of experience. New Trustees receive copies of the Charity’s Constitution, Minutes and Accounts and OSCR’S Guidance and Good Practice for Charity Trustees. The Constitution provides for a minimum of six and a maximum of twelve Trustees and in normal circumstances Trustees may serve for up to nine years subject to re-election every three years,
it Is Important that the Trustees maintain a breadth of experience and knowledge on the Board. Johnny Allan was appointed in July 2024; and thea in July 2024. GEEThe 2s appointed to chair andBEEvas eppointed vice chair in November 2024. Trustees wish to place on record their thanks for the valuable contribution each of these Trustees made to the Charity during their time as Trustees.
3
THE PONTON TRUST SCIO
TRUSTEES’ REPORT (cont)
FOR THE YEAR ENDED 30 JUNE 2025
Structure, Governance and Management continued
The Trustees, who have wide investment powers, meet on a quarterly basis throughout the year to review thepurposes.financialBs_position of the SecretaryCharityofand themakeCharity,decisionsadministerson thetheapplicationcharity on ofa dayincometo dayforbasis.charitableThe investment portfolio is held on behalf of the Trustees by Rathbone Investment Management.
Details of Transactions with Related Parties
Rathbones manages the Charity’s investments however Baillie Gifford acts as manager for the investment trusts in which the Charity owns shares. One of the Trustees
whose advice and support to the Trustees is invaluable. One of the Trustees MR10 are the legal advisers to the Charity. The Charity pald legal fees of £10,090 to Lindsay's LLP during the year. Further details are disclosed in the Notes to the Accounts.
4
THE PONTON TRUST SCIO
TRUSTEES’ REPORT (cont)
FOR THE YEAR ENDED 30 JUNE 2025
Reference and Administrative Information
Scottish Charity Number:
The Ponton Trust: $CO52995
Website:
www.thepontontrust.org.uk
Trustees:
Resigned 16 July 2024 Resigned 16 July 2024 Appointed Vice Chair from 28 October 2025
Appointed Vice Chair from 5 November 2024, died 20 September 2025 Appointed Chair from 5 November 2024
Appointed 16 July 2024
Registered office Caledonian Exchange 19A Canning Street Edinburgh EH3 8HE
Independent Auditor Whitelaw Wells Chartered Accountants 9 Ainslie Place Edinburgh EH3 6AT
Investment Managers Rathbone Investment Management George House 50 George Square Glasgow G2 1£H
Legal Advisers Lindsays LLP Caledonian Exchange 19A Canning Street Edinburgh EH3 SHE
5
THE PONTON TRUST SCIO
TRUSTEES’ REPORT (cont)
FOR THE YEAR ENDED 30 JUNE 2025
STATEMENT AS TO DISCLOSURE TO AUDITORS
So far as the Trustees are aware, there is no relevant audit information of which the charity's auditors are unaware, and each Trustee has taken all the steps they ought to have taken as a Trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
Trustees’ Responsibilities
The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland, the Charities and Trustee Investment {Scotland} Act 2005, Charities Accounts (Scotland) Regulations 2006 {as amended} and the provisions of the charity’s constitution requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the Trustees are required to
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Select suitable accounting policies and then apply them consistently;
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- Observe the methods and principles in the Charity SORP; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis uniess it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Reguiations 2006 {as amended) and the provisions of the charity's constitution . They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The Trustees confirm that the accounts comply with the above requirements.
Approved by the Trustees on 28 October 2025 and signed on their behalf by:
Trustee and Chair
6
INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF
THE PONTON TRUST SCIO
FOR THE YEAR ENDED 30 JUNE 2025
Opinion
We have audited the financial statements of The Ponton Trust SCIO {the ‘charity’) for the year ended 30 June 2025 which comprise Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, Including FRS102 ‘ The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice),
In our opinion, the financial staternents:
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give a true and fair view of the state of the charity's affairs as at 30 June 2025 and of its incoming resources and application of resources for the year then ended;
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- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and :
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- have beén prepared in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 {as amended),
Basis for opinion
We conducted our audit in accordance with the international Standards on Auditing (UK) (ISAs (UK}) and applicable law. Our responsibilities under those Standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion,
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
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the Trustees’ use of the going concern basis of accounting In the preparation of the financial statements is not appropriate; or
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- the Trustees’ have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
7
INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF
THE PONTON TRUST SCIO
FOR THE YEAR ENDED 30 JUNE 2025
Other information
The other information comprises the information in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financia! statements does not cover the other information and we do not express any form of assurance conclusion thereon,
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. tf, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact,
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you, in our opinion:-
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the information given in the Trustees’ report is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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- the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees’ responsibility statement set out on page 7, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due te fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so:
Our responsibilities for the audit of the financial statements
We have been appointed as auditor under section 44(1)({c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with regulations made under that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
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INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF
THE PONTON TRUST SCIO FOR THE YEAR ENDED 30 JUNE 2025
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities that result from fraud are inherently more difficult to detect than irregularities that result from error.
From enquiries of those charged with governance, it was determined that the risk of material misstatement from fraud was low with little scope for fraud to occur. Our audit testing is designed to detect material misstatements from fraud where there is not high fevel collusion.
Our audit testing was designed to detect material misstatements from other irregularities that result from error where there is not high level concealment of the error. In this regard the following audit work was undertaken: applicable laws and regulations were reviewed and discussed with management; senior management meeting minutes were reviewed; internal controls were reviewed; and journals were reviewed, From this audit testing it was determined that the risk of material misstatement in this regard was low.
We carried income testing and grants payable testing which was designed to identify any irregularities es a result of simple mistakes or human error. From this audit testing it was determined that the risk of material misstatement in this regard was low,
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.fre.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
This report is made solely to the charity’s Trustees, as a body, in accordance with section 44 (1} (c} of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 10 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Our audit work has been undertaken so that we might state to the charity's Trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its Trustees as a body, for our audit work, for this report, or for the opinions we have formed. Bo 28 October 2025
Whitelaw Wells Statutory Auditor 9 Ainslie Place Edinburgh EH3 6AT
Whitelaw Wells is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.
i}
THE PONTON TRUST SCIO
STATEMENT OF FINANCIAL ACTIVITIES
(incorporating the Income & Expenditure Account)
:
,
FOR THE YEAR ENDED 30 JUNE 2025
==> picture [420 x 416] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Funds|
|2025|2024|
|Note|£|£|
|Income|from:|
|Investment income|3|111,253|82,702|
|Total income|111,253|82,702|
|Expenditure|on:|
|Charitable|activities|4|142,463|174,952|
|Total|expenditure|142,463|174,952|
|Net income/{expenditure})|and|net movement|in funds|
|before gains and losses on investments|(31,210)|(92,250)|
|Other recognised|gains/(losses)|
|Realised gains/(losses)|on disposal|of investments|5|(2,554)|(3,973)|
|Unrealised|gains/({losses)|on|investments|5|112,612|223,082|
|110,058|219,109|
|Net movement|in funds|78,848|126,859|
|Total funds brought forward|3,725,596|3,598,737|
|Total|funds carried forward|3,804,444|3,725,596|
----- End of picture text -----
No trust activities were acquired or discontinued during either of the two years.
The notes on pages 12 to 22 form part of these financial statements.
10
THE PONTON TRUST SCIO
BALANCE SHEET
| As at 30 | June 2025 | |||
|---|---|---|---|---|
| Total funds | Total! funds | |||
| 2025 | 2024 | |||
| Notes | £ | £ | ||
| Fixed assets | ||||
| Investments | 5 | 3,741,491 | 3,731,700 | |
| Current assets | ||||
| Debtors—accrued income Bankaccount Rathbonesdepositaccount |
6 | 10,892 66,256 740 |
5,591 12,112 648 |
|
| Creditors: amounts fallingdue within oneyear |
77,888 | 18,351 | ||
| Accruals | z | (14,935) | {24,455) | |
| Netcurrent assets/(liabilities) | 62,953 | (6,104) | ||
| Netassets | 3,804,444 | 3,725,596 | ||
| Total charityfunds | ||||
| Unrestrictedfunds | g | 3,804,444 | 3,725,596 |
Approved by the Trustees on 28 October 2025 and signed on their behalf by
trustee and Chair
The notes on pages 12 to 22 form part of these financial statements
11
THE PONTON TRUST SCIO
NOTES TO THE ACCOUNTS
For the year ended 30 June 2025
General Information
The Ponton Trust SCIO (SCO52995) was registered with OSCR on 8 December 2023 and was established to replace Ponton House Trust (SC021716) which was an unincorporated Trust. On 30 january 2024, the assets and liabilities of Ponton House Trust were transferred over to The Ponton Trust SCIO, The charity was incorporated in Scotland and has its registered office at: c/o Lindsays LLP Caledonian Exchange 19A Canning Street Edinburgh EH3 6AT
The charity is defined as a public benefit entity and thus complies with all disclosure requirements relating to public benefit entities. The registered charity number is $CO52995 and it is registered with the Office of the Scottish Charity Regulator (OSCR) .
1. Principal Accounting policies
(a) Basis of preparation and assessment of going concern , The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts. The accounts have been prepared in accordance with the Charities and Trustees Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 {as amended), the Financial Reporting Standard applicable in the UK and Republic of freland (FRS102) (effective 1 January 2019) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
The Charity constitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no material uncertainties about the Charity’s ability to continue 2s a going concern. With respect to the next reporting period, 2026, the most significant areas of uncertainty that affect the carrying value of assets held by the Charity are the level of investment return and the performance of investment markets (see the investment policy and performance and risk management sections of the Trustees’ annual report for more information). The Trustees’ going concern assessment covers a period of at least 12 months from the date of these financial statements.
(b) Financial reporting standard 102 — reduced disclosure exemptions The charity has taken advantage of the following disclosure exemption in preparing these accounts, as permitted by the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102): - the requirements of Section 7 Statement of Cash Flows
12
NOTES TO THE ACCOUNTS
For the year ended 30 June 2025
THE PONTON TRUST SCIO
{c) Funds structure All of the Charity’s funds are unrestricted and are available to be used in furtherance of the charitable objects.
- {d) Income recognition
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount ofincome receivable can be measured reliably.
interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
(e) Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure ts accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings, For more information on this attribution refer to note (i) below.
Grants payable are payments made to third parties in furtherance of the charitable objects of the Charity. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award; the notification gives the recipient a reasonable expectation that they will receive a grant. Grant awards that are subject to the recipient fulfilling conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the contro! of the Cha rity.
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty as to the timing of the grant or the amount of grant payable,
- (e) irrecoverable VAT
Irrecoverabie VAT is charged against the expenditure heading for which it was incurred.
(f} Cost of raising funds The costs of raising funds consist of investment management costs.
- (g) Charitable activities Costs of charitable activities include grants made, support and governance costs as shown in note 4
13
THE PONTON TRUST SCIO
NOTES TO THE ACCOUNTS
For the year ended 30 June 2025
1. Principal Accounting policies (cont)
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(h} Support and governance costs Support costs have been allocated between governance costs and other support costs. Governance costs comprise afl costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to audit and an apportionment of overhead and support costs. The allocation of support and governance costs Is analysed In note 4.
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(i) Fixed asset investments Investments are a form of basic financial! instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The Charity does not acquire put options, derivatives or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk and changes in sentiment concerning equities and within particular sectors or sub-sectors.
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(i) Realised gains and losses All gains and losses are taken to the Statement of Financial Activities as. they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value.
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{k) Cash and cash equivalents Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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Trustees and employees The Charity has no employees and none of the Trustees received any remuneration, nor were an expenses reimbursed to any of them, during the year. One of the — irectlyEEREto BaillieTOPGifford forER thisESSEservice. RSTSome of the funds No investmentwere held managementin open-ended feespooled werefunds paid which are managed by, and therefore pay fees to, Baillie Gifford. It was estimated that the effective the(2024:underlying‘vl£4,320)benefitto toLindsaysBaillie SolicitorsihliiilidiiedieGj duringj the year. as aroundCharity paid £12,000legalper fees annum.of £10,090One of
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THE PONTON TRUST SCIO
NOTES TO THE ACCOUNTS
For the year ended 30 June 2025
3. Investment income
| Total | funds | |
|---|---|---|
| 2025 | 2024 | |
| ; | £ | £ |
| UKInvestments—Listed intereston funds held byRathbones and in bank |
110,705 548 |
82,475 227 |
| 141,253 | 82,702 |
4, Expenditure on charitable activities
Grant making
The charity did not undertake any charitable activity directly but met its charitable purposes through grant-making. All grants are awarded to institutions, none are made to individuals.
During the year grants and charitable donations were made by the Trustees under the following categories:
| 2025 | 2024 | ||
|---|---|---|---|
| Children &Families Young People Learning Difficulties Arts : Health Other |
£ 39,630 34,574 6,000 - 22,154 20,000 |
£ 34,707 70,811 14,964 7,500 17,124 17,500 |
|
| 122,358 | 162,606 |
The percentage split is represented in the pie chartbelow:
« Children and Families =» Young People Learning Difficulties = Arts =» Health » Other
..
1s
.
THE PONTON TRUST SCIO
NOTES TO THE ACCOUNTS
For the year ended 30 June 2025 ;
4, Expenditure on charitable activities {cont}
The above grants and charitable donations were awarded to the following organisations:
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | . | ||
| Children & Families | ||||
| Arniston Playgroup | - | 1,500 | ||
| Carefree Kids East Lothian | 1,950 | - | ||
| Carers ofWest Lothian | 3,000 | - | ||
| Craigmiliar LiteracyTrust | 2,680 | - | ||
| Cruse Bereavement Care Scotland | - | 3,000 | ||
| Dr Bell’s Family Centre | - | 2,807 | ||
| East Lothian PlayAssociation | 3,000 | 3,000 | ||
| Edinburgh OldTown DevelopmentTrust | 1,500 | - | ||
| Families Outside | 2,500 | ~ | ||
| Family HolidayCharity | - | 2,400 | ||
| Fet-LorYouth Centre | 3,000 | - | ||
| Home Link FamilySupport | 3,000 | - | ||
| Home-Start West Lothian | - | 3,000 | ||
| Hopscotch Children’s Charity | 3,000 | 3,000 | ||
| Kindred Advocacy | - | 2,000 | ||
| Kinship Care Midlothian | - | 3,000 | ||
| LIFT@ Muirhouse Millenium Centre | 2,500 | - | ||
| Pilmeny Development Project | 3,000 | 3,000 | ||
| Pregnancy Counselling& Care | 2,000 | 2,000 | ||
| Play Midlothian | 2,500 | - | ||
| School BankWest Lothian | 3,000 | - | ||
| St Crispin’s Out ofSchool Association | 3,000 | 3,000 | ||
| STAND | - | 3,000 | ||
| 39,630 | 34,707 | |||
| Young People | : | |||
| Bridges Project | 1,800 | - | ||
| CanongateYouth | 3,000 | - | ||
| CitadelYouth Centre | - | 1,500 | ||
| Dads Rock | - | 3,000 | ||
| Dean and CauvinYoung People’s Trust | - | 3,000 | ||
| Edinburgh CityYouth Café | - | 3,000 | ||
| Edinburgh School Uniform Bank | - | 3,000 | ||
| Edinburgh Young Carers | 3,000 | 10,000 | ||
| Granton Youth Ltd | - | 30,000 | ||
| Karele Ltd | - | 2,000 | ||
| C/fwd | 7,800 | 55,500 | ||
| 16 |
THE PONTON TRUST SCIO
NOTES TO THE ACCOUNTS
For the year ended 30 June 2025
4. Expenditure on charitable activities (cont}
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| B/fwd | 7,800 | 55,500 |
| Lightup Learning | 2,800 | 2,000 |
| Mayfield and EasthousesYouth 2000 | - | 2,911 |
| MoveOn | - | 2,400 |
| MuirhouseYouth Development Group | 2,760 | - |
| Ocean Youth Trust | 2,400 | - |
| PenicuikYMCA-YWCA | - | 3,000 |
| ScottishYouth Dance | 3,000 | - |
| Spark | 1,814 | - |
| The GreenTeam | 2,500 | - |
| Think Circus | 3,000 | 3,000 |
| University ofEdinburgh Children’s HolidayVenture | 3,000 | 2,000 |
| Venture Scotland | 2,500 | - |
| Wee Haven Youth Project | 3,000 | - |
| 34,574 | 70,811 | |
| Learning Difficulties | ||
| EdinburghTool Library | - | 2,964 |
| Lochend Football Club | - | - |
| Lothian AutisticSociety (Branch OutTogether) | 3,000 | 10,000 |
| Salvesen Mindroom Centre | 3,000 | - |
| TheYard | - | 2,000 |
| 6,000 | 14,964 | |
| Arts | ||
| DirliebaneTheatreCompany | - | 2,500 |
| Starcatchers Productions | - | 2,000 |
| StrangeTown | - | 3,000 |
| - | 7,500 |
17
THE PONTON TRUST SCIO
NOTES TO THE ACCOUNTS
For the year ended 30 June 2025
4, Expenditure on charitable activities (cont)
| Expenditure on charitable activities (cont) | |||
|---|---|---|---|
| 2025. | 2024 | ||
| £ | £ | ||
| Health | ; | ||
| Cerebral PalsyScotland | - | 3,000 | |
| Children’s Health Scotland | 1,500 | - | |
| Crew 2000 | 3,000 | 3,000 | |
| Drum RDA | 1,500 | - | |
| Epilepsy Action Scotland | 2,000 | - | |
| Hearts and Minds | 2,884 | 2,780 | |
| Prader-WilliSyndrome Association | 3,000 | - | |
| Positive Help | 2,500 | - | |
| Scottish Huntington's Association | - | 3,000 | |
| Teapot Trust | 2,770 | 2,344 | |
| TouretteScotland | 3,000 | - | |
| U-evolve | - | 3,000 | |
| 22,154 | 17,124 | ||
| Other | |||
| Edinburgh and Lothian Trust Fund | 20,000 | 17,500 | |
| 26,000 | 17,500 |
18
THE PONTON TRUST SCIO
NOTES TO THE ACCOUNTS
For the year ended 30 June 2025
4, Expenditure on charitable activities (cont)
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Support Costs | |||
| Secretarial and administration costs | 5,680 | 4,180 | |
| Legalfees | 10,090 | 4,320 | |
| Accountingfees | ; | 480 | 550 |
| Miscellaneous | 320 | 460 | |
| 16,570 | 3,510 | ||
| Governance Costs | |||
| Auditors’ remuneration—auditfee | 3,360 | 2,810 | |
| Management fees | 175 | 26 | |
| 3,535 | 2,836 | ||
| Totalexpenditure | 142,463 | 174,952 |
19
THE PONTON TRUST SCIO
NOTES TO THE ACCOUNTS
For the year ended 30 June 2025
5. Investments
==> picture [391 x 141] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Investments|at market|value|
|As|at|1 July 2024|3,731,700|3,572,591|
|Additions|in|period|~|-|
|Disposals|in|period|{100,267}|{60,000}|
|Realised|(losses)/gains|during year|(2,554)|(3,973)|
|Unrealised|(losses)/gains|during year|112,612|223,082|
|As|at 30 June|2025|3,741,491|3,731,700|
----- End of picture text -----
All investments were held in the UK and are as shown below.
==> picture [454 x 296] intentionally omitted <==
----- Start of picture text -----
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Historic|Cost|Market|Value|
|Shares|Held|2025|2024|2025|2024|
|2025|2024|£|£|£|£|
|69,600|yesgy|_HMUIMERG ree Global [same|354,943|402,831|739,152|864,943|
|Fund|B|Income|
|947,603|947,603|_Ballie Gifford Multi Asset|937,748|937,478|1,020,569|1,006,355|
|Income|Fund|B|
|110,000|110,000|~—~alille|Gifford UKGrowth|Fund|=|495|6ng|=|agg|603|218,350|188,100|
|25p|Ordinary|Shares|
|192,000|192,009|© *“ottlsh American PLC 25p|547,538|547,538|977,280|+~—=»«-984,960|
|Ordinary Shares|
|54,000|51,000|3ottish Mortgage Investment|=|5434,|agaa|527,340|450,942|
|Trust 5p|Ordinary|Shares|
|20,000|sonop|‘MonksAnvestriient trust.Sp|201,658|210,658|258,800|236,400|
|Ordinary shares|
----- End of picture text -----
:
20
THE PONTON TRUST SCIO
NOTES TO THE ACCOUNTS
For the year ended 30 June 2025
6. Debtors
| 6. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| £ | £ | |||||
| Accrued income | 10,892 | 5,591 | ||||
| 10,892 | 5,594 | |||||
| Ts | Creditors | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Accruals | 4,935 | 4,455 | ||||
| Grants payable | 10,000 | 20,000 | ||||
| . | ||||||
| 14,935 | 24,455 | |||||
| 8. | Analysis of Charitable Funds | |||||
| Gains& | ||||||
| Fund b/f | Income | ‘Expenditure | Losses | Fundc/f | ||
| £ | £ | £ | £ | £ | ||
| Analysis ofFund | ||||||
| Movements 2025 | ||||||
| General | 3,725,596 | 111,253 | (142,463} | 110,058 | 3,804,444 | |
| Fund b/f | Income | Expenditure | Losses | Fund c/f | ||
| £ | £ | £ | £ | £ | ||
| Analysis ofFund | ||||||
| Movements 2024 | ||||||
| General | 3,598,737 | 82,702 | (174,952) | 219,109 | 3,725,596 |
9. Trustees Expenses
No fees for services were paid to Trustees during the year (2024: Nil).
21
THE PONTON TRUST SCIO
NOTES TO THE ACCOUNTS
For the year ended 30 June 2025
10. Related Parties
There are no related party transactions other than as disclosed in note 2.
No Trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
22