THE JOHN W1150N RO3ERTCHR15TIE BEQUEST FUND
Scottish Charity Number: SC000465
ReF￿1t of ihe Board of Management and Flnanclal Statemènts
For the year to 30 September 2020
S((rtith (IN￿lY RW,1￿111Y
¥WW.051r.orK.wk
leststered Chjrrty

THE JOHN WILSON ROBERTCHRISTIE BEQiIEST FUND
Report ofthe Board of Management and FIna￿la1 Statements
For the year to 30 Septembw 2020
Contents
Pa8es
Report of the Board of Management
Independent Examinerfs Report
statement of Financial Activilies
Balancè Sheet
Notes to the Financial Statements
7-12
Reference and AdminbStral￿e Detall&
Board of Mana
ement
NomSnated by
Institute of Chartered Accountant5 of Scotland
The Royal College of Physicians, Edinburgh
ly of Edinburgh Council
Principle Olfice Address
Clerks and Secretaries
Geoghegans Chartered Accountants
6 St Colme street
Edinburgh
EH3 6A0
IndÈpeTtdent Examlners
Jeffrey Crawford & Co
25 Castle Terrace
Edinburgh
EH12ER
Bankers
The Royal Bank of Scotland plc
36 St Andrew Square
Edinburgh
EH2 2AD
Investment Advlsers
Rathbones Investmeni Management
George House
50 George Square
Glasgow
G2 IEH
Scottlsh Charlty Numbèr..

THE JOHN WILSOM ROBERTCHRlSfiE BEQUEST FUND
Report of the Board of Management and FIna￿la1 Statements Icontlnuedl
Fortheyearto 30 Seplembèr 2020
The Managers have pleasure In submitting their annual report for the year ended 30 September 2020.
Oble¢tfves and AdSvltles
The objectives of the Fund are to assist and promote the comfort and relief of men and women above the age
of sixty years. resident in the City of Edinburgh, East LothÉan. MÈdlothiari and West Lothian who are dÈsÈrving
and in Indlgent cFrcumstances. In addition, a proportion of the Fund will be allocated to those who are
sufferin8 from acute and p8lnful diseases.
The Fund invites applications for funding by advertising and contacting medical practices and other
professionals in the area. Beneficiaries over 6rJ years who receive an allowance from the Fund are visited by
lady visitors who ensure the recipients continue to meet the criteria for allowance5. The lady visitors also visit
new applitants and the trustees grant allowan￿ based on their ieports. To satisfy the provisions to make
Brants to other charitie5. the trustees invite applltation5 from approprFate charities to fund their activitie5.
Grants will also be paid to individuals who are engaged as misslonaries by any Protestant Church in Scotland
whilst they are at home on tempofary leave or furlough. The Managers also disiributÈ funds lo other charilies
whose main purposè 1% foi the assistance of the deserving poor or the alleviation of suffering or restoration to
health of the sick and infirm including instvtutions which offer special assistance QT relief to wounded or
disabled ex-5eTvice personnel.
Achlevements and Perfomian
The Fund does not undertake any fundraising activities apart from the portftslio management. It utllises the
funds earned by the investment portfolio to donate to the beneficiaries, missionaries and othei registered
charitles whF¢h qualrfy under the funding criteria outlined above and of whlch the Trustees approve.
Investment policy Is based on a need to achEe￿ growth of income to maintsin the real value of the incomè
available for distribution and thereby be able to maintain the real value of grants and charitable distributions.
This has been achieved largety by equity investment. The Board of ManaEement Teque5ts Rathbones to make
omment on the portlolio on an advisory basis.
It 15 the alm of the Fund to distribuie as much of the income re￿ived. after dÈduction of administration
expenses. as is practical. It should be noted Ihat in the curnent year, a surplus (before losses on investmenlsl L)f
£6,759 ar05e and it is the intention to carry this forward for the benefii olfuture beneficiaries.
The admini5tTation costs remain similar to the previous year and thls has allowed the Fund to distribute £nil to
mis5ionaries12019.. £9rA)1, £20.(W to variou5 tharities12019= £23.8001 and £76.750 t¢J individual beneflci3rie5
12019.. £84,4CX)l. The distributions to tharities include awards of £6.QiNJ12019.. £9,800) whlch were made to
onè-off applicants during the year in light ol brought lopward surpluses.
The Managers are sailsfied with the Fund's athievements this year and with its perforFnance.
Flnantlal Revlew
The results for the year Show net Income of £6,75912019: £46.2951 before losses on Invèstments of £438,9CQ
12019= gains on investments of £89.6861- The aggregatè P051tion shows Total Funds carried forward ol
£3,141.75712019- £3,573.8981.

THE JOHN WILSON ROBERT CHRISTIE &EQUEST FUND
Report of the Board ol Management and FSnandal Slatements Icontlnuedl
For the year to 30 Sewember20ZO
Flnanclal Revlew Icontlnuedl
The Fund held £3,058.127 I2019- £3.496.1081 in listed investments at the balan￿ sheet date. The Managers
have the power to invest as they see fit. This investment pM)licy is kept under general review by the Managers
in conjunction with the investment advisers. Rathbones. The movement on the Fund's investment porrfolio is
Shown in note 7 to the accounts and indicate5 a decrease of 8.82%12019.' increase of 8.01%) on ihe poitfolio
value for the financlal year. The yield on total investments amounted to 4.23%12019'. 3.74%).
Reserves Policv
The Fund Is requlred to maintain a level of re5er¥es which will be sufficient to meet its commitments.
Donations from the Fund are discretionary In naiure and will be granted dèpending on the income received
from investments arid the reserves available. Charity requests for donation5 are considered on merit, are
aPPToved annually and rEviewed in light of the reserves available. Unrestricted reserves at the year end are
£215.39712019: £160,175).
Plans for the Future
The Managers are satisfied that the Fund is meetlng its objectives through the efftjrts of Rathbones,
Geoghegans and indeed their owt7 efforts. There are thwefore no plans to make any changès to the way in
which the Fund operates although the Manager5 will continue to monitor progre55. The key aim is to continue
to mÈet the objectlves stated above.
Following the year end, the Managers have formed a SCIO with the charÉty regulator OSCR. It was the Intentlon
of the board to transfer the assets and liabiliiies of the existing Fund over during the year to 30 September
2020 but In light of the Covld-19 pandemic thls was ddayed until 31 January 2021 when thè proces5 wa5
completed.
The Fund continues to assess the financlal Smpact of thè Covfid-19 outbreak, speclfically ovÈr its standing
obli8ations to it5 beneficiaTies and Ion8Standin8 cha¥ily partners. Although the Fund is anticipatinB a decrease
in its investment income for the year to 30 September 2021. the Managers inlend to meet the ongtsing
quarterly benefic4aTY payments and will finan￿ any shortrall from tarried fotward unrestricted surpluses.
Structure. Governance ond Mana8en￿nt
The Robert Christie Bequest Fund was established by trust disposition and settlement ￿gIStered in 1892 anil
changed it5 name to the John Wilson Robert christie Bequest Fund in December 2009 following ihe tran5feT of
Funds from the John Wilson Bèquest Fund in accordance with the second supplemental Deed of Trust and the
revised constitution boih dated 2010. It 15 rnarhaged by the Board of Management with Geo8hegans CA acting
as Secretarles from their office al 6 St Colme Street, Edinburgh.
Managers who are shown on the contènts pagè sèrved thiDU8hout the year unle55 indicated otherwise. In
accordance wlth the Trust dlsposition. Mana8er5 are nominaied as representatives by the three bodies listed
on the contents page and serve for three year terms but may be r&elected. Other ManaEers are not required
to retlre and be re-elected. These Managers have the power to appoint new Managers.
The Manager5 coniinue to addre55 the major risks to which the Fund is exposed and are satisfied that systems
are in place to mitigate exposure to the major risks.
The Board of Mar¢agement are well aware of the need forTrustees to take note of recent changes in lègislation
and are provided with updated information by the Secretarie5 in ordet that they are aware of their
responsibilities.

THE JOHN WILSOP4 ROBERT CHRisllE BEQUEST FUND
Report of the Board of Management and Financial Statements lcoirtinuedl
For the y to 30 September 2020
Statement of the Responsibilities of the Board of Management
The Managers Iwho aTe the trustees of the charity for the purFM)ses of charity lawl are Te5ponsible for
preparing the Report of the Board of Management and the finanaal statements in 3ccordance with applicable
law and United Kingdom Accounting StandaTds Iunited Kingdom Genernlly Accepted Accounting Practice).
The law applicable to charities in Scotland requires the Managef5 to PTepare financlal statèmènts for each
financial year which give a true and fair view of the state of affairs of the Fund and of the income and
expÈndlture of the Fund for that period. In preparing Ihese financial statements, the Managers are required to:
select suitable actounting policies and then app￿ them consistèntly-
observe the methods and prinoples in the Charities SORP IFRS 1021-
make judgements and e5timate5 thal are responsible and prudent-
state whether applicable accounting standard5 have been followed, subjert to any materÉal
departures disclosed and explained in the financial statements-
PFepaFe the financial statements on the Éoing concern basis unless it is inappropriate to presume that
the Fund will continue in opeiation.
The Manager5 are responsible fof keeplng adequate accounting records that ale sufficient to show and explaln
the Fund's transactions and disdose with reasonable accuracy at any time the financial position of the Fund
and enable them to ensure thal the financial statements comply with the Charities and Tru51ee Investment
Iscotlandl Aci 2005, the Chèrities Accounts Ikotlandl Regulation5 2006 las amended) and the provisions of
the Fund's constitution. They are also responsiblè for safeguarding the assets of the Fund and bern￿ for taklng
rèasonable step5 for the prevention and detection of fraud and other irregu13ritie5.
Approved for issue by the Board of Mana8emenl and signed on their behalf by-
Chairman

THE JOHN WIL50N ROBERTCHRisnE BEQUEST FUND
Independent Examlb)erfs' Report to the Board of Management of
The John Wilson Robert Christie Beguest Fund
thèyear Ènd￿ 30 September 2020
I report on the accounts for the year ended 3D September 2020 set out on pages 5 to 12.
Respective rÈsponybilities of managers and tndeperKlent emaminer
The fund's managers are responsible for the preparation of the accounts in accordance with the terms of the
Charltles and Trustee Investment Iscotlandl Act 2005 and the Charities Account$15¢otlandl Regulations 2006
las arnendedl. The fund managers consider that the audit requirement of Regulalion 10111 lal to Icl of the
Accounts Regulations does not apply. It is my responsibility io examinè ihe accounts as rÈouirèd undèr sèction
44111 Icl of the Act and to state whether particular mattws have come to my atlention.
Basts of Independent examlnerfs statement
My examination is carried out in accordance wÈth Regulation 11 of the 2006 Account5 Regulations. An
examination indudes a Teview of the accourhting recor(ts kept by the fund and a comparison of the accounts
presented wilh those records. It also include5 consideration of any unusual items or disclosure5 in the financial
statements, and seeks explanations from the managers concerning any such matters. The procedures
undertaken do not provide all the eviden￿ that would be required in an audlt. and consequently I do not
expres5 an audit opinion on the view given by the accounts.
Independent examlner'5 ststement
In the course of my examination. no matter has come to my attention-
which give5 me reasonable tause to belÉeve that In any material respect the requirements-.
to keep accounting records in accordan￿ with Section 4411> lal of the 2005 Act and Regvlation 4
of the 2006 Accounts RegulaEion5- and
to prepare accounis which accord with the accounting records and comply with Regulatlot) 8 of
the 2006 Accounts Regulations-
have not been met- or
to which, in my opinlon, attentlon should be drawn in order io enable a proper understandlng of the
accounts to be reachecl.
30 June 2021
Independent Exaniiner
Jeffrey Crawford & QJ
25 Castle Terrace
Edlnburgh
EHI 2ER

THE JOHN WILSON ROBERTCHRlSllE BEQUEST FUND
Slatement of finandal Actfvltles
For the year to 30 SÈptÈmber 2020
Notes Ihwestrktal Endowment
Funds
Funds
2020
Total
2019
Total
Income and endowments from:
Inve51ments
129,235
129,235
130,842
Donation
50,149
Total income
129.235
129,235
180,991
Expenditure on:
Ra￿1￿8 funds- Investment aifvisers. fee
3,086
3,086
6.172
6.926
Charltable activity-donation5
%.750
96,750
109,100
support costs
19,554
19,554
18,670
Total èxpèndlturé
119,390
3.086
122.476
134,696
Net Incomelleypendlturel beforegalns and
losses on Investments
9,845
13,0861
6.759
46,295
GaÈnslllos5e51 on investment5
45,377
1484.2771 1438.9001
89,686
Net income and movem?nt in fvnd5
55.222
1487.3631 1432,1411
135,981
Furids balances brou8ht fotward
160,175
3,413,723 3,573,898 3.437,917
Fund5 balances carried forward
215.397
2,926,360 3,141,757 3,573.898
The results for the year relate enlirety to continuin8 activitie5.
The notes on pages 7 to 12 forrn part of these financial statements

THE JOHN WILSON ROBERT CHRISTIE BEQUEST FUNO
Balan￿ Sheet
As at 30 September 2020
Notes
2020
2019
Investments
3,058,127
3.496,108
Current Assets
Debtor5
6.144
Cash at bank
85.661
79.285
88,844
85,429
LlabllStSes
Creditors= amr)unrs fallin8 due within one
year
5.214
7.639
Net Current Assets
83,630
77,790
Net Assets
3.141,757
3,573,898
Funds
Permanent endowment funds
ioiii
2,926,360
3,413,723
General unrestricted fund5
Iolii
215.397
160,175
3,141,757
3,573,898
02(.
AppToved by the Board of Management on ..............
- and signed on its behalf by..
Chairman
The notes on t)ages 7 to 12 form part of these financial statements

THE JOHII WlL50N ROBERT QIRISTIE BEQUEST FUND
Notes to the Flnandal Slatements
For theyear to 30 September 2020
Accountlng Policles
General Information
These financial staternents are Presented in pounds sterlin@ IGBPI a5 that is the currency in which the
Fund'5 tTan5actions are denominated. They Comprise the finanaal Statements of The John Wilson Robert
Chrislie Bequest Fund.
The objective of The John Wi150n Robert ChTi5tie 8equest Fund is to assist and promote the ¢omfo¥t and
relief of men and women above the age of sixty, resident in the City of Edinburgh, Midlothian, East
Lothian, and West Lothian who are deserving and in indigent arcumstancès.
The john Wilson Robert Christie Bequest Fund is an unincorporated charity, iecoEnised as a charity for
tax purposes by HMRC and registered with the Office of the Scottish Charity Regulator IOSCRI under
charity number SCQ00465. Oetails ol the principal addre55 can be found on the contents page of these
financial statements.
Accountlng Comientl(
The financial statements have been prepared in accordano with the Statement of Recommended
PTaCtlce'. Accounting and Reporting by Charlties preparing their accounts in accordance with the Financlal
Reporting Standard applicable in the UK and Repvblit of Ireland IFRS 1021 issued in October 2019, the
Financial Reportin8 Standard 3pplÈcable in the United Kit7gdom and Republic of Ireland IFRS 1021, the
Charltles ar￿ Trustee Investment Ikotlandl Act 2￿5 and Charities Accounts15cotlandl Regulations 2006
las amended).
Thè John Wilson Robert Christie Bequest Fund meets the definr¢ion of a public benefit entity.
Going Concern
The Managers are of the OPFnion ihat the Fund Can continue to meets its obligations as they fall due for
the foreseeable future. As a consequen￿. the Managers have prepared the financial ttatemertt5 under
the golng concem basis.
Intomè
Intome is recognised when the fund has entitlement to the income, when it is probable that thè Sncorne
will be rece¢ved and the amount Can be measured reliabfy.
Donations and similar incoming TeSOur￿ are induded in ihe perlod In which they a￿ recoverable, which
is when the f4bnd becomes entitled io the re50EErce.
Interest on funds hdd on deptssit is induded when received. Diwdends are reci)gni5ed once the dividends
have been declaTed and notification has been received of the dividend due.
Empenditure
All expenditure És induded on an accruals basls and is recognised when there is a legal or constructive
oblieation to pay. wt 15 probable that 5etdement will be required and the monetary value can be
measured rellably. All costs have been directty attributed to one of the functional categorie5 01 resource5
expended in the Statement of Financial Activities. The Fund is nol registered for VAT and ateordingly
expenditure is shown gross of irrecoverable VAT.
Expenditure in raising funds indude5 those costs associated with Eeneratlng Intome for the Fund through
its Investment portfr)lio.

THE JOH14 WILSON ROBERT CHRISTIE BEQUEST FUND
Notesto the Flnanrial Ststements Icontlnued)
For the year to 30 September 2020
Accountlng Polides Icontlnuedl
Expenditure (continued
Chaiitable expendlture comprises the costs incurred by the Fund in the delivEry of its charltable
objectives. It therefore indude5 the direct cost of grant eNin8 and those costs of an indilect nature
necessary to Support these activities.
Grant5 payable arè charged to the Statement of Finanaal Activities wheEE the application is approved and
a valid expectation Created with the recipient thai thè grant will be paid.
Support costs Include governance costs and other support costs. Governance costs comprise those costs
involvine the Fmjblic accountability of the fund and its compliance with reÈu13tions and Bood governancè.
It therefore includes the c05t of statutory and other support costs ielate to the administralive cost of
running the Fund.
FlnancSal Instryments
Other than fixed asset investments, the Fund only has financial asset5 and financial li3bilitie5 of a kind
that qualify as basic financial instruments. BasÉc financial instruments, including cash at bank, debtors
and credltor5 are Initial￿ recognised at transaction valuè and subsequently measured at their settSemènt
value.
Investments
Inve5twents are stated at fair value. wh￿h is taken to be the markei value at the Balan￿ Sheet date. The
Statement of Financial Acttvitles includes net gains and losse5 aT15ing on rovaluations at the year end.
Gains and losses on d￿pOSal are dealt wilh as movements In pemianent endowment funds.
Debtors
Debtors are measured al their retoverable amount and included when reasonable ￿¥taIntY exists over
their receipt.
Cash at Bank
Cash at bank indudes cash utilised for the day to day a¢tiwties perfomied by the Fund throughout the
perlod.
Credltors
Creditors are recogntsed when the Fund has a present obligation resulting from 3 past event that wlll
probably result in the transfer of funds to a thtrd party and the amount due to settle the obligation can
be measured reliably. Creditors are normally recognised at their settlement amovnt.
Fund Accountlng
The Endowment Fund represents the initial Capital donation received by the Fund. A5 the majority of this
15 held In investments, all gains and losses on investments are allocated agalnst this fund.
The Unrestricted Funds represent a revenuè fund that is available for use at the discretion of the
Managers. All Investment Income, and the subsequent donations and SUPPL)rl costs are recognised
through this Fund.
S*nlfitant Judgements and Estlmates
There were no significant estimates and assumptions made in preparlng these financial statements.

THE JOHN WILSON RObERTCHR￿lE 8EQUEST FUND
Notesto the Flnanci31 Statrments Iconllnuedl
For the year to 30 September 2020
Taxat5on
The Managers are of the opinion th3t liability to tax arises In the year as all income and gains ale
applied for rharktable purposes.
Investment Income
Unrestrlcted Unrestrlcted
2020
2019
Dividencls
Interest on deposited fund5
129,220
15
130,809
33
129,235
130,842
Donatlon Income
Unrestricled Unrestrfcted
2020
2019
Oonation income
$0,149
Donatlons
Unrestrlcted Unre5trlcted
2020
2019
Allowance to missionarie$12019'. 2)
900
Donattons to Charitie>
Art in Healthcaie
lrfecare Edinburgh
Bethany Christian Chufth
Contact the Elderly
Edinburgh Cyrenians
Grassmarket Mission
Leith Aged Mariners
Leuchie House
People Know How
Erskinè
Almond Mains Initialwe
2,0(X)
3,OCM)
3,OCK)
2,5(M)
3,000
2.000
4,300
1,000
3,000
3.000
20,OOD
23,800
Individual Grants177 BÈnefJc4arses at 30 September X120112019- 761
76.750
84,400
96,750
109,100

THE JOHN WILSON ROBERTCHRISTIE BEQUEST FUNO
Noles tothe financlal Statements Icontlnued}
For oheyear to 30 September 2020
Allo¢atloft of governance and other support Costs
Unrestrlcied
2020
Basis of Governance
apportionmenl
Support
Visltor fees
Secretary's fee
Adminisiratit)n expense5
Independenl examinerfs fee
Professlonal fees
Direct costs
DÈrect costs
Direct costs
Direct costs
Dirert costs
6,31X)
7,632
6,300
9.132
597
1,365
2,160
1,5
597
1,365
2,160
5,622
13.932
19,554
Unrestrlrted
2019
Support
apportlonment
Visitor fees
Se¢retarVs fee
Administration expenses
Auditctrr's fee
Dirett ¢osts
Direct costs
Direct costs
Direct t05ts
7,235
6,300
7.235
7,800
445
3,190
i.soo
445
3.190
5,135
13,535
18,670
The Fund has no employees. No Manager received any remuneration or exFbenses during the year12019'.
io

THE JOHN WILSON ROBf RTCHRISTIE BEQUEST FUND
Notes to the finandal Statements Icont5nuedl
For the year to 30 kptember 2020
Flxed Assd Investments
2020
2019
Listed Investment5=
Market value at l October
Addition5 at cosi
Disposal proceeds
Investment I1055esl/gains
3,496.108
131.183
1130,2641
1438,9001
3,3S7,888
48,534
89,686
Market value at 30 September
3,058,127
3.496,108
Cost
1.928,823
1,879.431
All investments are quoted in the United Kingdom as follows=
2020
Market
value
Z019
Market
value
Aberdeen Asia Income Fund ord NPV
Aberforth Small Q)mpanies ord shares
Alliance Trust PIC
BNY Mellon Newton Asia Inc. ord Shares
Dunedin Incorne & Giowth ord 25p share5
InvÈsco Inc.Growth ord shares
Merchants Trust ord shares
M & G Charifund Inc Units
Monks Inve5trrent Trust
RIT Capital Partnefs
Scott15h American Investment Co ord 25p shares
Stotli5h Mortgage Inv Trust
Temple Bar Investment Trust ord 2Sp shares
Veritas Global Equlty Income D In
138.915
328,941
59.015
211,899
550,025
138,260
156,555
489,678
242,377
606.150
168,020
93,528
508,448
385,194
93.292
195.090
606.375
92,163
224,7
574,063
46,826
89,145
296,618
258,958
3,058.127
3,496,108
Debtors
2020
2019
Rathbones
3,183
6,144
Creditors: Amounts falllng due within one Year
2020
2019
Accrued expenses
5,214
7,639
li

THE JCIHN WILSON ROBERT CHRISTIE 8EQUEsf FUND
Notesto the Finanoal Ststements IconUnuedl
Fty the year to 30 September 2020
10 Analysls of funds
Atlort
2019
fjainsl At 30 sept
110s5esl
2020
E)￿ndItUre
Unrestricted
Endowment
160,175
3,413,723
129.235
1119.3901
45,377
13.0861 1484,2771
215.397
2,926,360
3.573,898
129,235
1122,4761 1438.9001 3,141,757
AtiO£t
2018
ILossesl/ At 30 Sept
gains
2019
Expendilufe
Unrestrlcted
Endowment
112,125
3.325,792
.991
1131.2331
13,4631
11,7081
91,394
160,175
3,413,723
3.437,917
0.991
1134,696
89,686
3,573.898
li
Analys55 of net assets between lunds
UnreMri¢ted Endowment
Funds
Fund5
Total
Investments
Net current assets
134.690
80.707
2,923,437
2,923
3,058,127
83.630
Net assets a5 at 30 September 2020
215,397
2.926,360
3,141,757
Analysi5 of net assets bètween funds- Comparative
Llnrestrirted
Funds
Endowment
Funds
Total
Investments
Net current assets
86,285
73,890
3,409.823
3.900
3,496,108
77,790
Net assets as at 30 September 2019
160.175
3,413,723
3.573,898
12
Related partytransartlon5
There were no related party tra￿aCtIOnS during theyear.
13
Post balance shÈÈt events
The Fvnd'5 assets and liabilities were transferred over to The Wilson Chrlstie Fund
same objectives and Mana8er5 as the Fund- on 31 January 2021.
a SCIO with the
12