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REGISTERED COMPANY NUMBER: SC231679 (Scotland)
REGISTERED CHARITY NUMBER: SC033079











REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE RUBY TRUST

THE RUBY TRUST






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




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 9

THE RUBY TRUST (REGISTERED NUMBER: SC231679)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The trustees present their annual trustees' report together with the financial statements of the charity for the year ending 30th September 2024 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance education and promote training, with particular reference to skills which will assist the participants in obtaining paid employment or which will be of direct relevance to the tasks performed by the participants in the course of their employment.

To relieve unemployment for the public benefit in such ways as may be thought fit, including assistance to find employment.

To advise and assist individuals in obtaining employment, developing a career or pursuing additional training, work experience and/or further education.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year under review, the trust made no donations (2023 - £nil)

FINANCIAL REVIEW
Principal funding sources
During the year, the trust received no donations (2023 - £nil).

Reserves policy
The trustees will ensure that procedures are in place to maintain sufficient unrestricted reserves adequate for the charity's working capital needs.

FUTURE PLANS
The trust will use the funds available to put in place a programme suitable to achieve its long term goals. Specifically grants are to be made available to young people emerging from care to enable them to access courses which will offer excellence in education.

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

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.

The charity is constituted as a company limited by guarantee and is therefore governed by its Memorandum and Articles of Association. The liability of members in the event of the company being wound up is limited to £1.00. The income of the company is applied solely towards the promotion of the objects of the company.

Recruitment and appointment of new trustees
The recruitment and appointment of new trustees is as set out in the Memorandum and Articles of Association.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC231679 (Scotland)


THE RUBY TRUST (REGISTERED NUMBER: SC231679)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Registered Charity number
SC033079

Registered office
Trojan House
Phoenix Business Park
Paisley
PA1 2BH

Trustees
T D McGhee
S J Clark
J H Miller
Mrs H M Gray

Company Secretary
T D McGhee

Independent Examiner
Alex Webb BAcc FCCA
Azets Audit Services
Chartered Accountant
Titanium 1
King's Inch Place
Renfrew
Glasgow
PA4 8WF

Bankers
Barclays Bank Plc
Leicester servicing centre
Leicester
Leicestershire
LE87 2BB

Approved by order of the board of trustees on 14 May 2025 and signed on its behalf by:





T D McGhee - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE RUBY TRUST

I report on the accounts for the year ended 30 September 2024 set out on pages four to nine.

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.








Alex Webb BAcc FCCA
The Association of Chartered Certified Accountants

Azets Audit Services
Chartered Accountant
Titanium 1
King's Inch Place
Renfrew
Glasgow
PA4 8WF

14 May 2025

THE RUBY TRUST

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM

Other income 761 504

EXPENDITURE ON


Other 421 811

NET INCOME/(EXPENDITURE) 340 (307 )


RECONCILIATION OF FUNDS
Total funds brought forward 27,867 28,174

TOTAL FUNDS CARRIED FORWARD 28,207 27,867

THE RUBY TRUST (REGISTERED NUMBER: SC231679)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 4 96 99
Cash at bank 28,111 27,768
28,207 27,867

NET CURRENT ASSETS 28,207 27,867

TOTAL ASSETS LESS CURRENT
LIABILITIES

28,207

27,867

NET ASSETS 28,207 27,867
FUNDS 5
Unrestricted funds 28,207 27,867
TOTAL FUNDS 28,207 27,867

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


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

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 14 May 2025 and were signed on its behalf by:





T D McGhee - Trustee

THE RUBY TRUST

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

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Ruby Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Preparation of accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. There were no significant areas of adjustment and with respect to the next reporting period, no significant areas of uncertainty.

Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount 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.

Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

- Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity, payments to beneficiaries and their associated support costs.
- Other expenditure represents those items not falling into any other heading.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated to expenditure on charitable activities.

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

Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity.

Debtors
Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

THE RUBY TRUST

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

2. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM

Other income 504

EXPENDITURE ON


Other 811

NET INCOME/(EXPENDITURE) (307 )


RECONCILIATION OF FUNDS
Total funds brought forward 28,174

TOTAL FUNDS CARRIED FORWARD 27,867

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 96 99

5. MOVEMENT IN FUNDS
Net
At movement At
1/10/23 in funds 30/9/24
£    £    £   
Unrestricted funds
General fund 27,867 340 28,207

TOTAL FUNDS 27,867 340 28,207

THE RUBY TRUST

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

5. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 761 (421 ) 340

TOTAL FUNDS 761 (421 ) 340


Comparatives for movement in funds

Net
At movement At
1/10/22 in funds 30/9/23
£    £    £   
Unrestricted funds
General fund 28,174 (307 ) 27,867

TOTAL FUNDS 28,174 (307 ) 27,867

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 504 (811 ) (307 )

TOTAL FUNDS 504 (811 ) (307 )

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

Net
At movement At
1/10/22 in funds 30/9/24
£    £    £   
Unrestricted funds
General fund 28,174 33 28,207

TOTAL FUNDS 28,174 33 28,207

THE RUBY TRUST

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

5. MOVEMENT IN FUNDS - continued

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 1,265 (1,232 ) 33

TOTAL FUNDS 1,265 (1,232 ) 33

6. RELATED PARTY DISCLOSURES

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