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← Thomas Robertson's Trust

2025-07-31-accounts

Docusign Envelope ID: 1EB87A9C-3706-47E2-AFOC-EC2F8990A3EC

Charity Registration No. SC001091 (Scotland)

THOMAS ROBERTSON CHARITABLE TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

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Docusign Envelope ID: 1EB87A9C-3706-47E2-AFOC-EC2F8990A3EC

THOMAS ROBERTSON CHARITABLE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Charles Richard Black Anne Galloway McKinna Black

Charity number (Scotland)

Principal address

ent examiner

cotland quare

urray LLP eet

t advisors

nvestment Management Ltd treet

Docusign Envelope ID: 1EB87A9C-3706-47E2-AFOC-EC2F8990A3EC

THOMAS ROBERTSON CHARITABLE TRUST

CONTENTS

Trustees’ report

Independent examiner's report

Statement of financial activities

Balance Sheet

Notes to the financial statements

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Docusign Envelope ID: 1EB87A9C-3706-47E2-AFOC-EC2F8990A3EC

THOMAS ROBERTSON CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2025

The trustees present their report and financial statements for the year ended 31 July 2025.

The ncial statements have been prepared in accordance with the accounting policies set out in note 1 to the finan 1 statements and comply with the charity's Trust Deed, the Charities and Trustee Investment (Scotland) Act2 _ , the Charities Accounts (Scotland) Regulations 2006 (as amended). Obje es and activities The __ rity's objects are established in the Will of Thomas Robertson and provide that the annual income from the Tt fund is to be distributed at the Trustees’ discretion among the following Charities or benevolent instit ns (as named in the Will):The Kirk Session of Highland - St John's Church (Tolbooth), Lawnmarket, Edinburgh, for general purposes of that Church, hurch of Scotland for application towards the Eventide Homes of that Church, alvation Army (Scottish Headquarters, Edinburgh Branch) for its work in Scotland, oyal National Lifeboat Institution (Scottish Division) for the extension of its work in Scotland, and ngton House Institution for the War Blinded, Edinburgh

Charity's activities, the Trustees maintain an endowment fund, the income from which is used to arity's grant-making activities. There is no direction as to the ultimate disposal of the capital, but ay at their discretion make payments out of capital to any or more of the named beneficiaries in ecial need.

and performance ng period, the Charity awarded grants to five institutions worth a total of £43,300 (2024: £39,250 to rants were awarded to finance such activities as those institutions receiving funds deemed

ew statements, presented overleaf, show that the Charity's gross income, excluding funds released wment Fund, amounted to £47,007 in this reporting period (2024: £46,286). Investment income the Endowment Fund amounted to £46,365 (2024: £45,605) and other sources of income together 642 (2024: £680).

ture in the Unrestricted Fund amounted to £46,660 (2024: £42,238).

the Charity's Endowment Fund stood at £1,215,268 at the end of this reporting period (2024: anagement costs chargeable to the Charity's Endowment Fund amounted to £9,184 in this iod (2024: £6,807). There were no costs attributable to the Endowment Fund (2024: £Nil). There rnance costs attributable to the Endowment Fund, this year (2024: £Nil).

icy

reserves at the end of this reporting period stood at £20,784 (2024: £20,437). The Trustees generally the whole free income of the Charity, making reasonable provision for professional fees and e appropriate.

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Docusign Envelope ID: 1EB87A9C-3706-47E2-AFOC-EC2F8990A3EC

THOMAS ROBERTSON CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Investment Policy The Trustees have instructed Investec Wealth & Investments UK Ltd, a subsidiary of Rathbones Group to manage the Charity's investment funds on a discretionary basis. Rathbones Investment Management Limited acquired Investec Wealth & Investment UK Ltd on 21 September 2023 with full integration on 12 April 2025. The Trustees have advised that they are prepared to accept a medium level of risk. Investec Wealth & Investments Ltd are instructed to seek a balanced return between both capital growth and income.

Risk Management The Trustees monitor the performance of each institution supported by the Charity. Where appropriate, the Charity may require institutions that receive grants to provide a copy of their Annual Report and Accounts to facilitate the consideration of support in future years.

The Trustees have considered the risks to which the Charity is exposed. These relate in the main to investment management and have been ameliorated by the employment of an investment manager. Another risk to which the Charity is exposed is fraud. However, the Trustees consider the low level of donations made by the Trust reduces the risk. In addition, at least one of the Trustees will have some knowledge of any chosen charitable body to which a donation is made.

Plans for the Future The Trustees plan to continue to award grants, provided sufficient funding remains available.

Structure, governance and management

1958

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Docusign Envelope ID: 1EB87A9C-3706-47E2-AFOC-EC2F8990A3EC

OMAS ROBERTSON CHARITABLE TRUST

EPENDENT EXAMINER'S REPORT THE TRUSTEES OF THOMAS ROBERTSON CHARITABLE TRUST

ort on the financial statements of the charity for the year ended 31 July 2025, which are set out on pages 4 to

ective responsibilities of trustees and examiner

charity’s trustees are responsible for the preparation of the financial statements in accordance with the terms e Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations (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 financial statements as required r section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

dependent examiner's statement nation is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An n includes a review of the accounting records kept by the charity and a comparison of the financial presented with those records. It also includes consideration of any unusual items or disclosures in the tatements, and seeks explanations from the trustees concerning any such matters. The procedures n do not provide all the ev e that would be required in an audit and consequently I do not express inion on the view given b financial statements.

t examiner's statement

n with my examination, tter has come to my attention: gives me reasonable cau believe that in any material respect the requirements: to keep accounting recor accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regul ; and to prepare financial sta nts which accord with the accounting records and comply with Regulation 9 of the 2006 A nts Regulations; ot been met or

should be drawn in order to enable a proper understanding of the

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