REGISTERF.D CHARITY NUMBKR: 265654 Report•f the Trn5tees md Unaudited Finalldal Statsments for the Year Ended 5 Aprfl 2025 THE JAMES BEATrtE CllARrrABLE TRUST Granvill¢ Hvwr 2 Tetlenhall Road Wolverhamp West ￿"dIand% WVI 4SB TFtE jA￿lEs BEATTIE CHARITABLE TRUST Contents of thc FINahelAI Statements for the Year Ended 5 Aprll 2025 Page Report of tke Trustees I to 3 Independtllt ExaD)iller's Report Statsment of ￿0#￿tI#l Artiviti Balanee Sheet Notes to the ￿na￿lIa1 Ststemcnts Detailed Ststemenl of Flnan¢lal Acttvldes 12 THE JAMES BEArriE CHARITABLE TRUST Report of the Trustees ffjr the Year Ended 5 April 2025 The Trustee5 5ubmii their annual repLirt and the finwiat staiements for the year ended 5 April 2025. Tr￿slee5 have adoptd thL' prvvisions of knwwitillg alld R¢porting by Cl]ariti¢S'. StJt¢]n¢nt of RecoiTun¢nded Pradic¢ appbcabl¢ to clwities preparillg th¢ir a¥¢ounts in aurordaJLe with the Filla￿la1 Reporting Stattdard applicable ill tbe UK and Republic of Ireland (FRS 102) (Effeciive l January 2015) TRUST The fjjll narne of the ch￿lty is The James Beattie CIMritsble TnLSt and its R¢gisrrdtion NumE￿r is 2fi5654. On thc 18th Febnwy 1972, James Be&ttte gifted by dccd of 9cttlcmL￿t 5.000 25p 'A' Ordiw (Restricted Votillg) Sharts in James Beattie Ltd (Value £7,5(X)) to ihe Perton Charitsblc T￿￿ for charitable purposes. James Beattic dicd on 17th Augu8t 1988 bequesting, subjrti to a life tenancy to his widow, 2￿/0 of the ￿$]du¢ of his Lstate lo thr Intsl. MYS. Beattie died on 2nd June 199.1 and the Tnjst inI￿lIed £2.1 Million. following ibe death of Mt5. Beath"e the Tn7St has Tenamoj th¢ Jame8 Beattie ￿arl￿ble Trust. Thc TrLL8tets' hav¢ th¢ ribht to distiibute ¢apital and income at their full th'scretirn to any charttabl¢ insiimtions or for charitable pUrp￿)eS. OWECI'JVES AND ACTTvrr¥ES Objeftives and aims Mclnroy & Wuod &$ iDvestm¢nt managers for the Chariiy. The p)licy of the Trustrs is to inv¢st the majority of its resouTces with McInroy & Wood whoRe inthuctiolls are to maintatn a conservative portfolio weight&l towards capital gr0￿h but Yealising sutyicient income lo enabl¢ ihe InLqtee6 donaiiong po]i¢y to be Maintained. In planing our artivitics for the year due reg￿ was given to the guidance publish￿ by the cbarities commission on publi¢ benefJL Althougb the Trnst Deed plaiz5 llo restrictions on the distribution of the in￿￿¢, Mr Beattie in a non-binding ¢oDullent itl his will expresscd the wish that thc income be largely, but not wholly, applied foT the benefit of those live in thE Wotverhampton arc4 where h¢ greatly enjoyed his life and had the privilcge of playing a part its affairs. Publi¢ bcncfil The Trustees have paid due regard to the guidance issued by the Chatity ComrnissioD the subj￿1 of public beDefit and considcr that activities, aims aThJ Strdtegies are f()r the public benefit. Activities focus on providing grdnts. to other ebaritable iDstituiions alld bettefiis are to the public. &8 the benefici￿leS ot the instithts"ons. Speclal Re5trlctlon6 7he"I"rust Dthl imposesfyl sp￿1￿¢ re5tEiCtions on the way in which the ¢b&Tity Can operate. GTAntmAklllg The fund large numbers of sn￿ll donations to help and gllpport cornmunities prinwi]y in It￿*10￿S where it opeTat&s. Particular emph&8is is givEn ts) assi* iThlividu&ls 8nd orwanisations in fillthi5ing efforts to meet the above obj￿I1veS. AC7￿EYP.mv.￿rS AIW PERFORMANCE Charltable ttelivities In the y¢8r 53 1)onats'ons (2024 . 40 varying b¢￿ten £100 and £5,th) and totsllittg £64,651 (2024 . £69.674) were iargcly rnade to local cb￿ltieS or I￿al branch&% of national ¥hariti¢S. NANCIAL RKVIKW Fthallcial Re￿e The Statell2ent of Fitiancial A￿]vitieS the yedf is sd out on page 5 of the fll)anctal statements. Funding is acbieved tbrough the investment portlolio. It is in the T￿￿1¢¢8 intention to continue with both IL8 investment and distributioll policies. Page I THE JAMES BEATTtE CHARITABLE TRUST Rq)ort of the Try$tees r the YearEnded 5 ApTII 2025 FINANc￿L REVIEW Investrne￿t po]iey 4nd objecllves The capital of the chariry is invcsted by a reputabk Btockbroknr w prLKluce i1￿0￿C Alld reasonable capital ￿ ID thc long term. The tTUStees are satisfied that the inveslment perfonnance ill the year is OD course with this policy. Reserves polky 'I'he UDre5tticted funds are held in a g¢n¢T81 reserve to geTh¢rate inv>o]eni Incon￿ and capital growth ￿ satisfy the Tnwtees i￿v¢st￿￿￿t policy. FUTURE PLAI¥S Itis Èhe int¢Mtion uf the Twstees to donate all it8 Income butnot nece&sarily on an exactyearby yearb&%'is. STRtiCTURE, COVERNANCE AI¥D MANAGEMEf4T c￿VerAl0g documetst Th¢ charity is controlled by its govemiDg document, a deed oftrusl aTKI COT)Stitutes an unin¢owrated charity. Risk m*n4gement The Trustees maintain a policy OE GontillUOUS Teview of the major risks to which the d￿rity is exposed. Systenis a￿ in place to mitigdie our exposureto the rnajor risks. REFERELW4CE Af4D ADMINISTK4TIVE DETAILS Registered Cbatlty number 265654 Prlnclp41 address POBOX 132 Leomillster Hertfordshire HR6 6DQ Tr￿stee5 MTS J V Redshaw M W Rcdshaw K C Dolman MTS S J Norbury M C Boyce A Unde￿Ood (appointed 23.10.25) S R Archer Independent Ex#n￿ner Mark Ashtort FCA bCCA Lan¢ast¢r Haskins Limited Gr&nNrylle House 2 Te￿¢￿]￿1]1 Rodd Wolverhampto W¥st Midlgnds WVI 4SB Solicitors Lndcrhill Lallgley & Wright 7 Wawloo Road olverhanwton West Midlands WVI 4DW Page 2 THF JAMES BEATTtE CHARITABLI TRUST R￿tsrt of tht Trn51ees for the Yedr F.nded S Aprll 2025 REFERENCE AND ADMINISTRATIVE DETAILS Advisers MEInroy & Wo(Ki E&strAlderston Haddingto East LothiaJJ EH413SF Approvejj by orderof the board ot trwtees on .... . and signed on it$ beha]f by.. MTS S J Norbury- Trustee Page 3 Independent Examlntr's Report to the Trnstses of The James Beattie Charitable Trnst lrtdependelltexam1ne￿$ report to th¢trus¢ees of The J4m¢$ B¢Attk Charltabl¢'l'rnst I rcport to tbe charity tnLStccs on my eXami￿ation uf the acLouuts of The James Beattie Charitsble Trust (the TTUSt} for the year endcd 5 April 2025. Responsibllldes and basis tsf report As tbe Charity ttusttts of the .1 rLLSt you are responsible for the prepaTwlioll uf the allol￿ts iu a¢wrdance with the r¢quiremenls' of thc ChatJ"ties Act 2UI I Cthc ACV). I report in respeci of my exarnination of the Tmst's account5 chrricd out Section 145 of Ihe A¢t alld in carrying out my ex?ThiDation I have follow￿ all applicable D￿￿OnS by the Ci)arity Commission under s￿tion 145(5)(b) of tbe Act. Independe￿¢ examiner's statement I have ¢omplEtcd my examination. I confllm ]MTr materlal matkTS have come to my attontion in connection with the examtnation giving m¢ caLL8e to E¢liev¢ that in any maierial resp￿1. ¢ounling records wcrc not k4)t in respect of thc Tn￿t as rwuired by S￿tIO￿ 130 of the Ac¢ or the account% do not &ccord th(knY records; or the ￿¢ounL$ do not fA)mply with thc applicable rffjuiTem¢nts cO￿eming the fortn and content of aceounts set out In the Charities {AccTrulltg 8nd Reports) R¢guldtions 2(M)8 oth¢r any requkrnn¢ut tbat thc accounts gnve a true and fair view which is not a Tnatter consid¢Eedas part of ¢Lll indep¢udeut ￿￿1￿7￿￿11￿￿. J have no concern5 and have come across mo oth¢r matters in connertion with ihe exaDJination 10 which attention should b¢ drawn itl tbis in ordcrto ¢nabk a propcr UDderstanding of the accounts ￿ b¢reached. L-(xc￿o￿ I&&FU,- MarkAsbton FCA ICCA The Ingtitu* of Chartered Aecounlants in England and Wales Lallcast¢r Haskins Limited GramTille House 2 Teitenhall Road Wolverhampton Wc$t Midlallds WVI &8B Page 4 THE JAMES BEATTIE CHARrrABLK TRUST Statement of Flhancigl ActiTrities for the Year Ended 5 Aprll 2025 5.4.25 Unrestricted 5.4.24 Total fimln#nrlal statements fvr the Year Ended 5 Apnl 2025 COMPAI¥Y JJ¥FORThL4TION The Jam& Beattie Charitable Tn￿¢ is & charity, regisle￿d in Engla￿{ and W2108. Thc C(Nnpanys Chartiy r¢8istratioti lluMb￿ and registertxl office addre&% can be fouTrl on the Company lnfornut1￿ pag ACCOUNTING POLICIES B*sts of preparing tht finAncikl ststements Th0￿C Financial StatemcnL$ forthe y&2r endtsj 5 Ar￿1 2025 compty with FK8 102. There no D￿￿141 departLwes from that staTMlard. Thc p￿tatiOn CU￿CY18 £ sterlin& Financial reportitig #tandard 1O2- reduced di$d￿ttre exemptlons The charity has taken advantage of ihe following disclosure exemptions in p￿parIng tbw fingncial siatem¢nts, &8 permitted by FPS 102 The Fillancial lieporting Siandard applicabl¢ in the UK and Republic of Ireldnd,: the requiTrm¢nts of Section 7 Statement of Cash Flows. the requirement of para8raph 33.7. Criti￿1 aecownting judgements aknd key svurce5 of uncertainty The prepardtitsn of the finallcid stat¢m¢nts requi￿9 the nMnagemetht to makc judgLYnLmts, estimates and as8uInptions tbat affect the amounts reportcd.Thc8c cstimate5 aTtd judgcm¢Dts are continually rcTricwcd and are based on experienc¢ &nd other f&tors. ineluding cxpwlations of futtwe events that believed to be reasonable the circum%thncL%. Ineome All tncomc is rttogniq¢d tn the Slatcment of Fil￿)¢￿al Activities ollce the cljarity b&s entitlement to the it is probablc that the income will ￿ r￿e1v￿A and the amount can bc mLX8ured reltably. Expenditure Liabilities a￿ reGo8nised as exwditure as soon as there is a legal or comstrucrive obligation ¢ommitiing the charity to that ¢xpellditur¢. it is prob3ble that a transfer of el￿￿(x￿lL bellefiLs will b¢ Iryuir¢d in 5¢tt1emellt the awullt of tbe obligdtiun can be inea5ur¥d Teliably. ExTKndil¥re is accouoted for on all 8c¢n4ls basis and has been classified under beadings that aggre¥a¢e all ¢ost related to tbe category. Where costs cannot be d1￿Cl1Y atlTibuted to parti¢ul4r he*￿ingS tly have been alloca*d io aciiviti& on a hsi$ conyi$t¢rf with th¢ use of r¢soU￿¢s. Grants oIfered subje¢t Io ¢ODditio]ks which have not been mei at the year end date are noted &8 a ¢oAntnitnw but as expendiwre. Taxalio The charity is exemptfrom ￿ on its ¢batitsble a¢iivitie& FuDd accoullrfng UllTY8triLtcd fithd8 can bc ￿￿Cd in accordw with th¢ cbaritAble obF¢t1V￿ at the dis¢reti(trll of tbe trustees. Restrt¢t¢d funds can oniy be used for particui8r restricted PUTposes within the objects of the chatity. Restiictions arise specificd by the donor orwhcn fimds aTC rnised for parti¢ularTestsicred pur￿$¢S. Furtherexplanation of the nathre and puw of each fimd i$ included in the notes to the financial ststvnents. Page 7 ci>ntinued... THE JAMF.S BEATrtE CHARITABLE TRUST Notes to the Flnaneial StatcD]ents- ￿￿tt￿￿ed for the YeAr Ended 5 April 2025 ACCOiThTING POLlCtES- c•nlinued ForeiEll thrrendes Assets and liabilities in foreigrL CU￿¢￿Ie5 are translated inlo 5t¢rlillg at the rates of exch&nge rnling at the balanec sheet date. TraTh%actiott8 in foreign curr¢ncie¥ 4we translated inlo s¢erling at the rdte of exchange rulin8 at th¢ datc of trallsactio￿ Exchange differences are tsthen into awoullt in a￿1VIng at the op¢rating result. investment property InvLStmcrtts are stated at market valuc at the balance sheet date. The SOFA i]Kludes the Det gains alld l(M¢s arising on revaluaiion$ aftd disp)sal$ thrTrughout the year. INVES'fMENT INCOME 5.4.25 5.4.24 Pr(TrpEny Income Distribution Dividends receivable fr0111 equLIy ghares and unli trusts InterL* R¢ceivable from fixed interest Securities B£￿ and UDit Trust lllterestReceived 2,348 34J09 330 49.529 21.345 12,627 11,961 45,933 86,516 CHAIUTABLE ACtIVlTAES COSTS Grant fill￿Ing of aclivities Di￿1 Costs Totais Donations Madc Accountancy Management and Aihninstrntion of the Charity 04,651 64,651 2,700 2.700 18,548 18,548 21,248 64,651 85.899 TRUSTEESI REMUNERATION AND BENEFITS Thtrc were no Ill￿￿, rEmunw*wn or other bcDEfits for thc yc8r 5th April 2025 nor f(Jr the year ended 5th April 2024. Trustees, txpellses There were no trusttts, expens￿. ￿ld for￿￿ ycar ended 5 April 2025 norfor th¢ ycar ¢nded 5 AprAI 2024. Page 8 conttwed... THF JAMFS BFATTTE CHARrrABLK TRUST Notes tsb the Vlnanelal Statsments- continued for the Year Ended 5 Aprll 2025 COMPA]L4TtV£S FOR THE STATEMENT OF FINANCIAL AcfIviTIES No comparativ¢ note is shown because Tothl Funds art 411 Unrestricted Funds. FIXLD ASSE'r tNVESTMENIS Fixed Asset ]nvcstmenrs MARKfi.T VALUE At 6 April 2024 AddiiiTrJs S￿￿￿a]S Revaluations 4,058,320 4,591.612 (4,609,840) (36A,912) At 5 April 2025 3.675,1¥0 NET BOOKVALUE At 5 April 2025 3,675,180 At 5 April 2024 4.058,320 Ana￿1$ of Investsnents Held: 5.4.25 5.4.24 Fixed interest aud index I1￿k¢d Unitcd Kingdom Rast of the World Other lov&stments I,IW,518 860,037 1,624,625 3,375,844 269,017 413.459 3,675,180 4.058,320 Fixed a￿t Investments are stsled at maTket valu& Page 9 continued... THE JAMES BEATTIF CHARITABLE TRUST Notes to thc Financlal Ststemcnts- continued for the Year Ended S Aprll 2025 CREDfroRS: AMoUr￿[S FALLING DiiE WITHIN ONE YEAR 5.4.25 5.4.24 Other creditors 3240 3,786 M.OVEMENT IN FUNDS Net movement itL ￿lld$ At 5.4.25 At 6.424 Unre4tri¢ted f￿lld$ General fimd 4216.925 (404,878) 3,812.(147 TOTAL FLWDS 4,216,925 (404,878) 3,812.(Tr47 Net ￿0ve￿ent in furLds, itic1￿ in the above are as follows.. Resows expended Gains aud 1055ES Movemettt iii fun(Ls re8ourLtS Unrestricted futtds Gen¢r￿ fuod 45,933 (85,899) (364,912) (404.8781 TOTAL FUNDS 45,933 (85,899) (364,912) (404,878) Comparatives for movement funds Net moveme in fi]nds At 5.4.24 At 6.423 UNre5tricted funds Getterai lund 4,109,192 107,733 4216,925 TOTAL FUIYDS 4,109,192 107,733 4216,925 Comparative net movement in fim(ts. included in the above follows: Gains and losscs Mov¢m¢nt in funds expended Unrestrlctsd funds G¢nw& 86516 (l(X).555 } 121,772 107,733 TOTAL Fuf4DS 86,516 (100555) 121.772 107,733 Pag¢ 10 ontillU¢d... ' THE JAMES BEArriE CHARITABLE TRUST Ilotes to th¢ Flngn¢l#l Statements- ￿ntinUed for the Year Ended S Aprll 2025 MOVEMKNT IN FUNDS. ¢•nlittued A CUTrentyear12 rnonths and prior ycar 12 monihs combincd w)siiion is as followg: Net nx)vemerLt in ￿rtd$ At 5.4.25 At 6.4.23 Ullrestrlcted funds ¢nml fund 4,109.192 Q97,145) 3,812,047 TOTAL FUI+IDS 4,109,192 (297,145) 3,812,047 A Current year 12 a￿d piior year 12 months Lombin¢d D¢t movellmt ID fjjtth. inci￿led in the above are a5 follow5". IDcorning r¥sour¢os Resou￿¢8 expend Gains and lolses Movement in funds Ullrethlctsd funds General 132.449 (186,454) (243,140) (297,E45) TOTAL FUNDS 132,449 (186,454) (243,140) (297,145) RELATED PARTY DISCLOSURES There were no rela*d party transactiorts for th¢ year ended 5 April 2025. ULTIMATE COPmiOLLtNG PARTY TheLlltimatc controllins ptyof tbe charity is the Irustees. Pagc 11 THE JAMES BEATTIE CHARITABLE IRUST Detalled Ststemcn¢ of Financlal Actfvltles forth¢ Year ETrded S April 2025 5.4.25 5.4.24 INCOME AI¥D ETYDOWMKNTS InveSt￿ent income Prop¢ty Income Distribution Dividend5 rcceiyablc fiDm equity shaTC8 a￿d uttit trnsts Inleresi R¢ceivable from fix￿ interest securitie8 Bank alld Ut)il I'mst Illt¢rest Received 21,345 12,627 11,961 34,309 330 49,529 45.933 86.516 Total Incoming resources 45,933 86,516 EXPENDITURL Charitable tYKlepeudent Eraminer5 Fee Accountancy Managementand Adminisiration Donatiolls Made 1.200 1,500 18.548 64,651 1,155 27,726 69,674 85,899 100.555 Total resouweg expended 85.899 IW,555 Net e4>tndlture befoft z¥ln8 and losses (39,966) (14,039) Realised reeognlged gaitis Ios8es Realised Gains Change in Mart(et Valuc of Invcstment 90.362 {4552741 735,012 (613.240} Net {expeDditureyincome (404,878) 107,733 T]us page do(3 not fomipart of the 5tamtory financial $14l&nents Page 12