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REGISTERED COMPANY NUMBER: SC107364 (Scotland)
REGISTERED CHARITY NUMBER: SC016873














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 November 2023

for

The Lendrick Trust

The Lendrick Trust






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6

Notes to the Financial Statements 7 to 11

The Lendrick Trust

Reference and Administrative Details
for the Year Ended 30 November 2023



TRUSTEES Mrs V Mulhearn
S Mulhearn


COMPANY SECRETARY Mrs V Mulhearn


REGISTERED OFFICE Lendrick Lodge
Brig 'o' Turk
Callander
Trossachs
FK17 8MR


REGISTERED COMPANY NUMBER SC107364 (Scotland)


REGISTERED CHARITY NUMBER SC016873


INDEPENDENT EXAMINER Drummond Laurie CA
Unit 5 Gateway Business Park
Beancross Road
Grangemouth
Stirlingshire
FK3 8WX

The Lendrick Trust (Registered number: SC107364)

Report of the Trustees
for the Year Ended 30 November 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2023. The trustees have adopted the provisions of 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 AND ACTIVITIES
Objectives and aims
The principal charitable purposes of the Lendrick Trust are:-

To support and improve the mental, physical and spiritual health of individuals through complementary and holistic approaches. Our aim is to support individuals who are restricted financially or in other ways.Individuals can approach the Trust to apply for support. We facilitate scholarships for a certain amount of people each year, the amount of people we assist determined by the amount of money raised each year. Our goal is of equal opportunities on the path of spiritual and personal growth. Scholarships can be used for courses, retreats, respite, counselling, seminars or teacher training.

To advance public education in the practice and principles of Yoga, Acupuncture, Reiki, Meditation, relaxation techniques, cancer care, counselling and support and other holistic therapies.

Significant activities
Our goal is to raise public awareness of alternative methods and techniques that can support the health, well-being and happiness of people. We offer advice and information about complementary therapies to support the other choices available.

At Lendrick Lodge we meet many people in need of support and love. The Lendrick Trust reaches many people who would otherwise be restricted from this path. As the saying goes, ‘Give a person a fish, and you feed them for a day; give them a fishing rod and you feed them for life’.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Our goal is to empower people so that they can heal, grow and stand on their own feet. The charity is a compass to guide people on their true path.

FINANCIAL REVIEW
Financial position
The financial resources received by the Lendrick Trust in 2023 remain sufficient. This is detailed in the accounts provided. Financial surpluses are shown in all accounts. From these resources the charity funds all its work, staff and employment costs and principal charitable activities.

Reserves policy
The Reserves policy operates to ensure that the charity has means to cover operating costs.

The Trustees make donations to other charities following budget planning, listed above. All the agreed financial commitments to other charities for the year were met.

The full details of Lendrick Trust accounts and activities are provided in the accountant's inspection report attached.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Induction and training of new trustees
The trustees review the make up of the board on a regular basis to ensure that there is a comprehensive representation of the knowledge and expertise the charity requires to carry out its charitable purpose and fulfil the governance requirements of the board.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the board of trustees on 16 August 2024 and signed on its behalf by:




The Lendrick Trust (Registered number: SC107364)

Report of the Trustees
for the Year Ended 30 November 2023



Mrs V Mulhearn - Trustee

Independent Examiner's Report to the Trustees of
The Lendrick Trust

I report on the accounts for the year ended 30 November 2023 set out on pages five to eleven.

Respective responsibilities of trustees and 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) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) 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.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeking explanations from you as 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 opinion on the view given by the accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 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 understanding of the accounts to be reached.








Graeme Deans
The Institute of Chartered Accountants of Scotland

Drummond Laurie CA
Unit 5 Gateway Business Park
Beancross Road
Grangemouth
Stirlingshire
FK3 8WX

26 August 2024

The Lendrick Trust

Statement of Financial Activities
for the Year Ended 30 November 2023

30.11.23 30.11.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,376 2,508

Other trading activities 2 20,694 20,827
Total 23,070 23,335

EXPENDITURE ON
Raising funds 3 5,730 4,926

Charitable activities
Bursaries 16,827 19,063

Other 344 514
Total 22,901 24,503

NET INCOME/(EXPENDITURE) 169 (1,168 )


RECONCILIATION OF FUNDS
Total funds brought forward 1,235 2,403

TOTAL FUNDS CARRIED FORWARD 1,404 1,235

The Lendrick Trust (Registered number: SC107364)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 9 1,032 1,378

CURRENT ASSETS
Stocks 10 775 760
Cash at bank 257 428
1,032 1,188

CREDITORS
Amounts falling due within one year 11 (660 ) (1,331 )

NET CURRENT ASSETS 372 (143 )

TOTAL ASSETS LESS CURRENT LIABILITIES 1,404 1,235

NET ASSETS 1,404 1,235
FUNDS 13
Unrestricted funds 1,404 1,235
TOTAL FUNDS 1,404 1,235

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 16 August 2024 and were signed on its behalf by:





V Mulhearn - Trustee

The Lendrick Trust

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

The Lendrick Trust

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. OTHER TRADING ACTIVITIES
30.11.23 30.11.22
£    £   
Sale of audio media and books 16,178 16,929
Course fees 4,516 3,898
20,694 20,827

3. RAISING FUNDS

Raising donations and legacies
30.11.23 30.11.22
£    £   
Support costs 491 -

4. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Raising donations and legacies 491 - 491
Bursaries 1,147 660 1,807
1,638 660 2,298

Support costs, included in the above, are as follows:
30.11.23 30.11.22
Raising
donations
and Total Total
legacies Bursaries activities activities
£    £    £    £   
Sundries 491 498 989 64
Bank charges - 649 649 627
Accountancy and legal fees - 660 660 630
491 1,807 2,298 1,321

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.11.23 30.11.22
£    £   
Depreciation - owned assets 346 514

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2023 nor for the year ended 30 November 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 November 2023 nor for the year ended 30 November 2022.



The Lendrick Trust

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

30.11.23 30.11.22
Administrative 1 1

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,508

Other trading activities 20,827
Total 23,335

EXPENDITURE ON
Raising funds 4,926

Charitable activities
Bursaries 19,063

Other 514
Total 24,503

NET INCOME/(EXPENDITURE) (1,168 )


RECONCILIATION OF FUNDS
Total funds brought forward 2,403

TOTAL FUNDS CARRIED FORWARD 1,235

9. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 and
30 November 2023

1,590

5,032

300

2,328

9,250

DEPRECIATION
At 1 December 2022 397 4,847 300 2,328 7,872
Charge for year 299 47 - - 346
At 30 November 2023 696 4,894 300 2,328 8,218
NET BOOK VALUE
At 30 November 2023 894 138 - - 1,032
At 30 November 2022 1,193 185 - - 1,378

The Lendrick Trust

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. STOCKS
30.11.23 30.11.22
£    £   
Stocks 775 760

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 12) - 143
Accrued expenses 660 1,188
660 1,331

12. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year on demand:
Bank overdrafts - 143

13. MOVEMENT IN FUNDS
Net
At movement At
1.12.22 in funds 30.11.23
£    £    £   
Unrestricted funds
General fund 1,235 169 1,404

TOTAL FUNDS 1,235 169 1,404

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 23,070 (22,901 ) 169

TOTAL FUNDS 23,070 (22,901 ) 169


Comparatives for movement in funds

Net
At movement At
1.12.21 in funds 30.11.22
£    £    £   
Unrestricted funds
General fund 2,403 (1,168 ) 1,235

TOTAL FUNDS 2,403 (1,168 ) 1,235

The Lendrick Trust

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 23,335 (24,503 ) (1,168 )

TOTAL FUNDS 23,335 (24,503 ) (1,168 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.12.21 in funds 30.11.23
£    £    £   
Unrestricted funds
General fund 2,403 (999 ) 1,404

TOTAL FUNDS 2,403 (999 ) 1,404

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 46,405 (47,404 ) (999 )

TOTAL FUNDS 46,405 (47,404 ) (999 )

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 November 2023.