IRIS Accounts Production v25.1.0.734 Other Company accounts True false Pounds 1.7.23 30.6.24 30.6.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2028322023-06-30SC2028322024-06-30SC2028322023-07-012024-06-30SC2028322022-06-30SC2028322022-07-012023-06-30SC2028322023-06-30SC202832ns0:CharitableCompanyLimitedByGuarantee2023-07-012024-06-30SC202832ns15:PoundSterling2023-07-012024-06-30SC202832ns11:FRS1022023-07-012024-06-30SC202832ns11:IndependentExaminationCharity2023-07-012024-06-30SC202832ns11:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC202832ns11:FullAccounts2023-07-012024-06-30SC202832ns11:CharitiesSORP2023-07-012024-06-30SC202832ns16:EnglandWales2023-07-012024-06-30SC202832ns11:RegisteredOffice2023-07-012024-06-30SC202832ns0:Trustee12023-07-012024-06-30SC202832ns0:Trustee22023-07-012024-06-30SC202832ns0:Trustee32023-07-012024-06-30SC202832ns0:Trustee42023-07-012024-06-30SC202832ns0:Trustee52023-07-012024-06-30SC202832ns11:CompanySecretary12023-07-012024-06-30SC202832ns0:TotalUnrestrictedFunds2023-07-012024-06-30SC202832ns0:TotalRestrictedIncomeFunds2023-07-012024-06-30SC202832ns0:Activity82023-07-012024-06-30SC202832ns0:TotalUnrestrictedFundsns0:Activity82023-07-012024-06-30SC202832ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-07-012024-06-30SC202832ns0:Activity82022-07-012023-06-30SC202832ns0:TotalUnrestrictedFunds2023-06-30SC202832ns0:TotalRestrictedIncomeFunds2023-06-30SC202832ns0:TotalUnrestrictedFunds2024-06-30SC202832ns0:TotalRestrictedIncomeFunds2024-06-30SC202832ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-06-30SC202832ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-06-30SC202832ns10:WithinOneYear2024-06-30SC202832ns10:WithinOneYear2023-06-30SC20283212023-07-012024-06-30SC20283222023-07-012024-06-30SC20283232023-07-012024-06-30SC202832ns0:TotalUnrestrictedFunds2022-07-012023-06-30SC202832ns0:TotalRestrictedIncomeFunds2022-07-012023-06-30SC202832ns0:TotalUnrestrictedFundsns0:Activity82022-07-012023-06-30SC202832ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-07-012023-06-30SC202832ns10:ListedExchangeTradedns10:CostValuation2023-06-30SC202832ns10:ListedExchangeTradedns10:AdditionsToInvestments2024-06-30SC202832ns10:DisposalsRepaymentsInvestmentsns10:ListedExchangeTraded2024-06-30SC202832ns10:RevaluationsIncreaseDecreaseInInvestmentsns10:ListedExchangeTraded2024-06-30SC202832ns10:ListedExchangeTradedns10:CostValuation2024-06-30
REGISTERED COMPANY NUMBER: SC202832 (Scotland)
REGISTERED CHARITY NUMBER: SC029785
























REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

THE CATHERINE M. MACLEOD (HARRIS) TRUST

THE CATHERINE M. MACLEOD (HARRIS) TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 14

THE CATHERINE M. MACLEOD (HARRIS) TRUST (REGISTERED NUMBER: SC202832)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024



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 June 2024. 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 objects of the charity are:-
(1) To relieve the needs of elderly persons resident in the Isle of Harris by the provision of funds to enable others to carry out household duties or other work to enable the said elderly persons to continue to reside in their own homes;
(2) To provide through a funeral association financial assistance towards the cost of funerals in case of need.
(3) To provide financial assistance for the purchase of medical equipment and
(4) To provide bursaries to students going on to further education from Sir E Scott School, Tarbert, Harris.

In 2008, the charity acquired the capital of Mrs Maureen Mogg's Liferent Trust ('Mogg Fund'), which was treated as a separate restricted fund. The purpose of this fund was for the benefit of children in the Isle of Harris who are disadvantaged or gifted to assist with the cost of furthering their potential in their chosen field of arts or profession through further education.

As both the funds have common aims, the trustees took the decision to merge the Mogg Fund with the Catherine M Macleod Fund to reduce administrative costs. The funds were merged on 31 March 2019.

Significant activities
During the year, awards of assistance have been made in accordance with the objects of the charity, with grants to individuals of £7,800 (2023 - £3,450) and grants to institutions of £6,000 (2023 - £10,500).

Grantmaking
Details of the grants awarded during the year are included in the notes to the financial statements.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Trust continues to offer grants and bursaries for the benefit of residents in the Isle of Harris area.

Investment performance
The charity's investment portfolio is managed by Rathbones. The value of the charity's portfolio, which includes bonds, equities, alternative assets and cash balances, has increased by 5,3% over the year to 30 June 2024 (2023 - 1.3% decrease).

FINANCIAL REVIEW
Financial position
During the year the charity's income exceeded expenditure resulting in net income of £23,983 for the period (2023 - net expenditure of £8,310). Included in this are realised and unrealised net gains on the charity's investment portfolio at 30 June 2024 which amounted to £26,849 (2023 - losses of £5,642). This represents an increase of £23,983 in unrestricted funds which have as a result increased to £478,570 (2023 - £454,587).

Reserves policy
The reserves of the Trust represent the Catherine M Macleod Fund and the Mogg Memorial Fund which were merged on 31 March 2019. The Funds have been invested in the charity's investment portfolio. The charity continues to manage its investments and reserves in order to have adequate investment income available to make meaningful payments to eligible beneficiaries.


THE CATHERINE M. MACLEOD (HARRIS) TRUST (REGISTERED NUMBER: SC202832)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 6 January 2000 and was registered as a Scottish charity on 7 February 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees
The directors are appointed by the nominated members, each nominated member being entitled to appoint one director or, if an individual, to serve as a director himself. Membership of the company consists only of nominated members, being individuals, institutions and organisations who support the objects of the company and whom the Board shall deem appropriate to be represented amongst the membership of the company and shall so nominate for representation.

Organisational structure
The board consists of voluntary directors who manage the affairs of the charity through regular board meetings. The
board members are heavily involved in the day to day operations of the charity.

Induction and training of new trustees
The charity undertakes training for trustees to ensure awareness and understanding of:-
- the responsibilities of directors;
- the organisational structure of the charity;
- the financial position of the charity; and
- the future plans and objectives of the charity.

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.

The trustees have considered the major risks to which the charity is exposed, in particular those relating to the operations and finances of the charity, and are satisfied that measures are in place to mitigate exposure to those risks.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC202832 (Scotland)

Registered Charity number
SC029785

Registered office
Hill Cottage
Scott Road
Tarbert
Isle of Harris
HS3 3DL

Trustees
D E Cameron
R C Morrison
A M Macsween
K M Macleod
A J Johnson

Company Secretary
K M Macleod


THE CATHERINE M. MACLEOD (HARRIS) TRUST (REGISTERED NUMBER: SC202832)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Iain Morrison ACMA
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 26 March 2025 and signed on its behalf by:





D E Cameron - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE CATHERINE M. MACLEOD (HARRIS) TRUST



I report on the accounts for the year ended 30 June 2024 set out on pages five to fourteen.

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.








Iain Morrison ACMA
The Chartered Institute of Management Accountants

CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

22 April 2025

THE CATHERINE M. MACLEOD (HARRIS) TRUST

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2024

30.6.24 30.6.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM

Investment income 2 15,527 - 15,527 15,942

EXPENDITURE ON
Raising funds 3 3,932 - 3,932 3,921

Charitable activities 4
Charitable activities 14,461 - 14,461 14,689
Total 18,393 - 18,393 18,610

Net gains/(losses) on investments 26,849 - 26,849 (5,642 )

NET INCOME/(EXPENDITURE) 23,983 - 23,983 (8,310 )


RECONCILIATION OF FUNDS
Total funds brought forward 454,587 - 454,587 462,897

TOTAL FUNDS CARRIED FORWARD 478,570 - 478,570 454,587

THE CATHERINE M. MACLEOD (HARRIS) TRUST (REGISTERED NUMBER: SC202832)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Investments 10 451,948 - 451,948 429,053

CURRENT ASSETS
Debtors 11 5,325 - 5,325 5,468
Cash at bank 21,897 - 21,897 21,188
27,222 - 27,222 26,656

CREDITORS
Amounts falling due within one year 12 (600 ) - (600 ) (1,122 )

NET CURRENT ASSETS 26,622 - 26,622 25,534

TOTAL ASSETS LESS CURRENT LIABILITIES 478,570 - 478,570 454,587

NET ASSETS 478,570 - 478,570 454,587
FUNDS 13
Unrestricted funds 478,570 454,587
TOTAL FUNDS 478,570 454,587

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.


THE CATHERINE M. MACLEOD (HARRIS) TRUST (REGISTERED NUMBER: SC202832)

BALANCE SHEET - continued
30 JUNE 2024

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 26 March 2025 and were signed on its behalf by:





D E Cameron - Trustee

THE CATHERINE M. MACLEOD (HARRIS) TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements are prepared in sterling which is the functional currency of the charity, and amounts are rounded to the nearest £.

Going concern
The activities of the charity have been affected by the impact of the COVID-19 pandemic and the trustees have assessed the charity's ability to continue as a going concern.

The management team have prepared projections which reflect the financial impact of the coronavirus crisis on the charity. The trustees have reviewed the projections and, based on this review, have a reasonable expectation that the charity has adequate resources to continue in operation for a period of at least 12 months from the approval of the financial statements. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions that affect the amounts reported for assets, liabilities, income and expenditure.

The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in future periods should it affect future periods.

The trustees consider that there are no significant areas ofjudgements, estimates or key assumptions that affect items in the accounts.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable 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.

THE CATHERINE M. MACLEOD (HARRIS) TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


1. ACCOUNTING POLICIES - continued

Raising funds
Costs of raising funds consists of investment management costs.

Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its objects and activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountancy fees and costs linked to the strategic management of the charity.

Allocation and apportionment of costs
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. estimated usage.

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.

Fixed asset investments
Investments are initially recognised at their transaction value and subsequently measured at their market 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 Trust does not acquire or use put options, derivatives or other complex financial instruments.

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. Realised and unrealised investment gains and losses are
combined in the Statement of Financial Activities.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.


THE CATHERINE M. MACLEOD (HARRIS) TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. INVESTMENT INCOME
30.6.24 30.6.23
£    £   
Investment income 15,527 15,942

3. RAISING FUNDS

Investment management costs
30.6.24 30.6.23
£    £   
Portfolio management fees 3,932 3,921

4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
6) note 7) Totals
£    £    £   
Charitable activities 13,800 661 14,461

5. DIRECT COSTS OF CHARITABLE ACTIVITIES
30.6.24 30.6.23
£    £   

6. GRANTS PAYABLE
30.6.24 30.6.23
£    £   
Charitable activities 13,800 13,950
The total grants paid to institutions during the year was as follows:
30.6.24 30.6.23
£    £   
Western Isles Community Care Forum - 6,000
Crossroads Care Harris 6,000 3,000
Harris Foodshare - 1,500
6,000 10,500



THE CATHERINE M. MACLEOD (HARRIS) TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. SUPPORT COSTS
Governance
costs
£   
Charitable activities 661

Support costs, included in the above, are as follows:
30.6.24 30.6.23
Charitable Total
activities activities
£    £   
Sundry expenses - 108
Accountancy fees 600 570
Annual return fee 61 61
661 739

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.


9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM

Investment income 15,942 - 15,942

EXPENDITURE ON
Raising funds 3,921 - 3,921

Charitable activities
Charitable activities 14,689 - 14,689
Total 18,610 - 18,610

Net gains/(losses) on investments (5,642 ) - (5,642 )

NET INCOME/(EXPENDITURE) (8,310 ) - (8,310 )


RECONCILIATION OF FUNDS
Total funds brought forward 462,897 - 462,897


THE CATHERINE M. MACLEOD (HARRIS) TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£    £    £   
TOTAL FUNDS CARRIED FORWARD 454,587 - 454,587

10. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 July 2023 429,053
Additions 42,726
Disposals (50,053 )
Revaluations 30,222
At 30 June 2024 451,948
NET BOOK VALUE
At 30 June 2024 451,948
At 30 June 2023 429,053

There were no investment assets outside the UK.

Cost or valuation at 30 June 2024 is represented by:

Listed
investments
£   
Valuation in 2024 131,620
Cost 320,328
451,948

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 5,325 5,468


THE CATHERINE M. MACLEOD (HARRIS) TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors - 552
Accrued expenses 600 570
600 1,122

13. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
Catherine M Macleod Fund 454,587 23,983 478,570

TOTAL FUNDS 454,587 23,983 478,570

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
Catherine M Macleod Fund 15,527 (18,393 ) 26,849 23,983

TOTAL FUNDS 15,527 (18,393 ) 26,849 23,983


Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
Catherine M Macleod Fund 462,897 (8,310 ) 454,587

TOTAL FUNDS 462,897 (8,310 ) 454,587

THE CATHERINE M. MACLEOD (HARRIS) TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


13. MOVEMENT IN FUNDS - continued

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
Catherine M Macleod Fund 15,942 (18,610 ) (5,642 ) (8,310 )

TOTAL FUNDS 15,942 (18,610 ) (5,642 ) (8,310 )

FUNDS

Catherine M Macleod Fund
The Catherine M Macleod Fund represents unrestricted funds which the trustees are free to use in accordance with the charitable objects.

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.