|`TRUSTEES’REPORT& ACCOUNTS`||
|---|---|
|`Contents`||
|`LegalandAdministrativeInformation`||
|`Trustees’Report`||
|`StatementofTrustees’Responsibilities`||
|`IndependentAuditor'sReporttotheTrusteesofEdinburghTrustNo2 Account`|`5-8`|
|`StatementofFinancialActivities`||
|`BalanceSheet`||
|`Notes`|`11-16`|





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## 17 December 2025 



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|||`Funds`|`2025`|`Funds`|`2024`|
|---|---|---|---|---|---|
|`Incomefrom:`||`£`|`£`|`f`|`£`|
|`Donations`<br>`InterestIncome`<br>`InvestmentIncome`|`wwn`|`90`<br>`89,484`|`90`<br>`89,484`|`225`<br>`98,542`|`225`<br>`98,542`|
|`Otherrevenue`||`653`|`653`|||
|`TotalIncome`||<br> <br>`90,227`|<br> <br>`90,227`|<br> <br>`98,767`|<br> <br>`98,767`|
|`Expenditureon:`<br>`RaisingFunds`||`20,137`|`20,137`|`24,072`|`24,072`|
|`CharitableActivities:`<br>`ArmedServicescharitableactivities`<br>`Educationcharitableactivities`<br>`Generalcharitableactivities`||`58,001`<br>`7,733`<br>`127,602`|`58,001`<br>`7,733`<br>`127,602`|`680`<br>`80`<br>`1,520`|`680`<br>`80`<br>`1,520`|
|`TotalExpenditure`||<br> <br>`213,473`|<br> <br>`213,473`|<br> <br>`26,352`|<br> <br>`26,352`|
|`Gain/ (Loss)onInvestments`||`52,747`|`52,747`|`285,360`|`285,360`|
|`ReconciliationofFunds:`||||||
|`NetMovementonExistingFunds`||`(70,499)`|`(70,499)`|`357,775`|`357,775`|
|`Fundbalancesbroughtforward`||`4,329,756`|`4,329,756`|`3,971,981`|`3,971,981`|
|`Fundbalancescarriedforward`||<br>`4,259,257`<br>|<br>`4,259,257`<br>|<br>`4,329,756`<br>|<br>`4,329,756`<br>|





# 12 December 



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||`2025`|`2024`|
|---|---|---|
||`£`|`£`|
|`General`<br>`ArmedServices`<br>`Education`|<br>`137,602`<br>`49,001`<br>`6,533`<br>`193,336`<br>|<br>`1,520`<br>`680`<br>`80`<br>`2,280`<br>|



|`ratingFunds`<br>|||
|---|---|---|
||`2025`|`2024`|
||`£`|`£`|
|`RaisingFunds`<br>`InvestmentManagementFees`|<br>`20,137`<br>|<br>`24,072`<br>|



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|`stsareallocatedagainstexpenditure`|`onCharitableActivities`|||
|---|---|---|---|
||`2025`|`2024`||
||`£`|`£`||
|`GeneralFund`<br>`AuditFee`<br>`LegalFees`|`9,000`<br>`13,920`|`8,000`<br>`(9,590)`|<br>|
|`AccountancyFees`<br>`AdmitFees`<br>`Interestpaid`|<br>`17,238`<br>`1,155`<br>`23`|<br>`3,870`|<br> <br>`-`<br>`-`|
||<br>`41,336`<br>|<br>`2,280`<br>|<br> <br>|





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||`Cost`<br>`asat31March`<br>`2025`<br>`£`|`MarketValue`<br>`asat31`<br>`March`<br>`2025`<br>`£`|`Cost`<br>`asat31`<br>`March`<br>`2024`<br>`z`|`MarketValue`<br>`asat31`<br>`March`<br>`2024`<br>`£`|
|---|---|---|---|---|
|`ListedInvestments`|||||
|`FixedInterest`<br>`Equities`<br>`PropertyUnits`|<br>`635,027`<br>`2,569,832`<br>`560,501`<br>`3,765,360`|<br>`628,216`<br>`2,959,761`<br>`620,356`<br>`4,208,333`|<br>`627445`<br>`2,312,612`<br>`555,927`<br>`3,495,984`|<br>`624,932`<br>`2,928,220`<br>`574,512`<br>`4,127,664`|
|`Cashheldbyinvestment`<br>`manager`|`40,909`|`40,909`|`199,603`|`199,603`|
||<br> <br>`3,806,269`|<br> <br>`4,249,242`|<br> <br>`3,695,587`|<br> <br>`4,327267`|
|`Listedinvestments:`|||`£`||
|`Marketvalueasat`<br>`Disposals`<br>`Profitondisposal`<br>`Unrealisedgainon`<br>`Acquisitionsatcost`<br>`Marketvalueasat`|`31March2024`<br>`investments`<br> <br> `31March2025`||<br>`4,127,664`<br>`(1,371,946)`<br>`2,442`<br>`50,304`<br>`1,399,869`<br>`4,208,333`|<br> <br> <br> <br> <br> <br>|
|`CashheldbyInvestmentManager`|||<br>`40,909`|<br>|
||||<br>`4,249,242`<br>|<br> <br>|





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|`Yearended31%t`|`March2025`|||||||
|---|---|---|---|---|---|---|---|
||`Opening`<br>`Balance`|`Income`|`:`<br>`Expenditure`|`Gains/ `<br>`(losses)`|`Funds`<br>`Transfer`|<br>|`Closing`<br>`Balance`|
|`General Funds`|<br>`4,329,756`|<br>`90,227`|<br>`(213,473)`|<br>`__$2,747`|||<br>`4,259,257`|
||<br> <br>`4,329,756`|<br> <br>`90,227`|<br> <br>`(213,473)`|<br> <br>`52,747`|<br>|<br> <br>`-`|<br> <br>`4,259,257`|
|`Yearended31%`|`March2024`|||||||
||`Opening`<br>`Balance`|`Income`|`;`<br>`.Expenditure`|`Gains/ `<br>`(losses)`|`Funds`<br>`Transfer`|<br>|`Closing`<br>`Balance`|
|`GeneralFunds`|<br>`3,971,981`|<br>`98,767`|<br>`(26,352)`|<br>`285,360`||<br>`"`|<br>`4,329,756`|
||<br> <br>`3,971,981`|<br> <br>`98,767`|<br> <br>`(26,352)`|<br> <br>`285,360`|<br>|<br> <br>`2`|<br> <br>`4,329,756`|



|`rs— Amountsfalling`<br>`duewithinone`<br>`year`|||
|---|---|---|
||`2025`|`2024`|
||`£`|`£`|
|`TradeCreditors`<br>`Accruals`|<br>`14,272`<br>`44,623`|<br>`“i`<br>`13,936`|
||<br>`58,895`|<br>`13,936`|





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