Report ofthe •ud
Umudlted FIts￿¢￿ Ststonellts for the Yur Ellded 5 Aprll 21114
CIB Services
63 Ke1￿¢th Street
Stornoway
Isle of Lewis
HS12DS

THE WILLIAM hlACKENZIE TRusr
Colltents •f ibe FID••thI Sta¢uneAts
fw Ihe Ye*r Ended 5 Aprll 2•24
P*Ee
Repwt •Cthe Tr￿etS
1 kn 3
IDdepeDdcDt EJ4wl•erfs Rw¢
B•l**ee Shed
Nrtes to th¢ Flll•tsd￿ Stste4Mnts
D¢t*lled St*t¢wit •f If1D*ne1￿ Adlvltl
12

THE WILLIAM MACKEN7JE TRusr
Report •ftke Trnrtees
for ¢h¢ Yur ENded 5 April 2024
The tn￿¢t8 present their report with the financi&l S¢aic4￿nts of the clmrity for the year eaded 5 April 21Y24. Tr In￿r¢S
have adopted the provisi0Ths of Accouniin8 and RqK*nin8 by Clwiiies: Swement of Recoffrfnended Practice applicable
to ¢lthrities pr¢parin8 tbeir 4C¢Olmts in •C¢OTd•￿ with the Fitw*ial RA￿1￿8 Stattd￿ appli¢abk in thc UK and
Republic of treland (FRS 1021 (effe¢tive l Jamthry 2019).
Objeelives And
The ChatiW3 revenue is c￿led from the iDv¢slmenl of Tr¢¢ived in 1981 in ￿cordan(￿ with the
TTUSt Deed. the IM)Iding of the slwe capitsl of James Ma¢keDzie & Son5 IAmited vns 501d for £182.071. Professio[￿7
investment advice is tsken si￿¢ that date sutTKient investment income h&$ rue7ved each ￿ to meet all
¢ompliaftt re4￿ for WiSthTLtt from PTiTnary b¢tefKiaTi¢S ￿ to p¢mit th¢ pyntst of r¢sidual ittcott￿ to St PetePs
Episcopal ￿U[c1L
The investtneTht policy is aimed at mainlatning th¢ real value ofthe capital ofthe TnL8t and providing a re&8onable level
of income. Granrs 8re paid w, or on t￿h11[ of, beDeficiaries 8s Sp￿lfied ID the Trusi D￿d or to groups retw¢nting su¢h
individuals. E￿hea$C is in ¢oDfi(kn¢e aN1 usually ittvolve a PttSon￿ visit io the applieaDt.
ACHIEVEMENT AND PERFOIIMANCE
Ch*rltAbl¢ •¢tlvltles
In fiJlfillinE the obli88ti(m5 pIKed rm the TDJstees by the la* Malcolm A Mxken7ie the inLY)nx received during the
ar was di$buT8ed follow5..
2024
£9￿21
2Cr13
£9.991
Grants to Individuals
Groups a¢ting for n￿1VIdUal$
Revive MS sUp￿t
cr￿8$road8 L¢wi5
Alzheinvs Lewi5 & Harris
£9,822
£9.991
The bala￿¢ of fu￿18 available to & se(￿ry t*r*ficiaties, St Peth Q)iwal Storn0￿Y, is £28,592 (2023..
£30,805).
The total investnwnt income thi% year £39.650 {2023: £41.974).
In the 42 yeaws since tlLe mafuially clw]8ed its activi¢ie5 ftsllowing sNle of the origiDal investment in ja￿￿5
Mackenie & Son5 Limitrd the original Inv￿￿1 of£182.071 has paynthts to beneficiaries in the forty two
years of £1.4S4.99912023: £1,416,585) afftd th¢ u&xtal has a VAluc of £1.363.YYK) (2023.. £1.32S297).
The Tru$t¢es ¢ontinw tv Tvly the gyi4bTKY of st￿kb[￿kc[s in their inv¢stuKut strat¢gy.
FINANCIAL REVIEW
ReseTYeJ polky
The temK8 of the Supplemthtlll Tr￿st Dwl rwuirc the Tr￿￿%$ io off¢r annu&lly to Vestry of St Peter¥ Episcopal
ChuTch, StonK)vr4y. th¢ rcsidu¢ of incomc not utslisd for b¢ncficlari￿. Thc sum5 aTC alw•y8 a¢c¢p*d by Ihe
Churclth and a￿9rd11￿lY no rev¢aue ru¢1￿5 r rctatned.
STRUCTURE. GOVERNANCE AND MANAGEMgNr
Governlng doeumemt
The tharity is contyolled by Rovernjng •JMI conwiwtes ￿ Uninc￿ted ¢h8Tity.
Pag¢ I

THE WILLIAM MACKENZIKTRUST
Rep•rt •f the T￿￿teel
r the Year Ended 5 Aprfl 2•24
Thc Trust IYd5 Originally go￿[r￿d by a D¢rd of Tn￿ ¢aablish￿ by th¢ lat¢ Malroltn A. Mackcnzie on 8 September
1962. The principal objects of the Trust are lo assist ag￿ and iDfirm pcr50ns [￿idIng ￿Tthin thc formw Bwgh of
Stornoway to enable them to continue to reside in their own hornes aTrJ ayoid the ne￿SsIty for thcir rcmoval to ? publi
or ollkr inmitytion. s￿h assisfance to be in addilioti to. not in gjbstirution for. any wrlfare service which is offcred
out of public fiJnd& Funds u(ilised by the rteedg of the prinw beneficiaries are offered ￿ the Vestry of St Pei&s
Episcopal ClWrC￿ SthnMIwAyi as ￿ benef￿larI
On 28 July 2015 8 Supplenxntal Deed of TTUSt Was Tegisteral ￿1¢h Ixougbt the *lmitiistrnlion of the ehAriry in line
with rutT¢lli ¢h8rity law and pra¢tice scotla￿ The suppkmet￿I Deed ha5 varied the bou￿ to which the Tn￿t
can provid¢ assislanrx to ol the HSI p￿COde ar¢a and hu T¢mov¢d th¢ now rrdwthnt elements of the original
Deeds PTovisions oll ben¢fKiaTies wkn are now ￿ longer with ￿ Oth￿￿1￿ th¢ Trust Continu￿ to (y¢rat¢ along the
same fouttdJn8 piir*4yl¢s estsblished by the la* Makolm A Mackenzie.
The office of ihe Scottish Cbarty Re8ulaloT approved the to the ch￿lty Govulling Oxuments on 17 July
2015.
Rettultmenl *ppokntment ofnew tnute
ln xcordance wiilL the PTovisions of lh¢ Sum>lemcntsl Tn￿1 Deed, th Tn￿ee$ hold office fis senioT or managin
diT¢Ctor of Mann Judd Gcrdot4 Charte￿d AccouDtaDls, &(Knoway. as th¢ iD¢UtnbBnt of st P¢teE$ Episcopal Cburch,
Stornoway and as s￿l0r nwuEer olthe Bank of Scdland, Styrnow7y as is selected by the said bratkth Fyrt]Kr
Tntsttts ¢att appointed 4$ Tequile
De(ision rn4king
Th¢ Board m¢¢t Iwicc p¢r y¢ar lo r¢vicwTtusl aff•irs io appro￿ •ny l•rgrr for SUPPWL
Individual requ¢sis for SUWOrt tre often ttqlliring imn￿lialt considerniion 10 minimise su(ferin8 foT the claimants.
Reque￿5 arE th¢Tefore asses￿d a5 thEy in ag#iDst the Cli￿18 of the Tn￿1. If eligLIAe for support the c1&in￿ are
pro¢e5soJ swiftty ￿￿ti8 lo¢al Supplie￿ yknever￿￿b
REFKRENCE AND ADMINISTRATIVE DEfAILS
ReRl$t¢red Charlty
SC001598
PrlncSpal address
26 Lewis Strttt
Stomoway
Isle of Lewis
HSI ZIF
Trust¢e$
Inde
endeni Exfin￿￿er
CIB S¢rvi¢es
63 Krnneth Street
StOrnOWE4y
Isle of L•vis
HS12DS
Ballktrs
DaDk of Srotland
47 CromKII Strc¢¢
Stornovdy
Isle of Lewis
HSI 2DE
P•8e 2

THE WILLIAM MACKENZIETRusr
Report Qfihe TrustttS
for Ihe Year Ended S April 2024
REFERENCE AND ADMINISniATIVE DETAILS
lTrYes*me•t M*nAgers
Rathb(Trne Investtnent Management
George House
50 G￿rge Square
Glasgow
G2 IEH
.. ￿ sis￿d on Its bthalf by..

The m*¢ke￿Ie Trut
I report on the accounts for the IrArerde415 Apil 21r24 set oth on pys five lo eleven.
Respe¢tlYe re4>&nslbllltt¢S Dr irw¢e¢* eX￿￿1¢r
The charitys truste￿ are responsible for the preparatson of the 4coouDts in accor￿ with the of the Clwities
atld Tntstre ltsvesttrrtnt (Scottatyj) Act 2005 the (j￿rt"tieS ACCow￿ (ScotiaThl) Rwiations 2006 (as amended). The
thariws In￿e¢S consider thai th¢ audit requiranenl of Rcgulatic•] l(Kl Xa) ¢0 (c) of the A￿￿nts R¢8ulats"(trns not
apply. It is my respowibilicy to examine the acccrtmts as reqwiyed Section 44(1)(c) of the Act 4nd to 51ate wh¢thcr
Basis of ike llldependtjht eumlmer's report
My ¢xarnination wa5 catTied in aLYOTdgw¢ ￿ RegUl￿10n I l of the Chariti¢s A￿[)UnIS (Scotiandl Regulations
2006. An examination inCl￿eS a review of the accountin8 vecords kept by the charity and a cornpari50n of the A￿UnIS
pl￿e￿I¢d with thos¢ rKords. It also wKlud¢s Co￿l￿on of w unuwal or disclosur¢s in the accoullts. and
seeking ¢xplanaii0Th5 from you u trw¢tts ￿nCerning suth The pr￿￿ur¢S ￿dertak¢ll do provide all
the evidence that would be Tequired in an audiL aThd corLfquendy I do express an auth't opinion cffl the view given by
the accounts.
Indepeudeot ¢Mmiu¢r'$
(l) vknich 8ives me Teasonable cause to believe thal in any mawial wecE the requirements
to keep accountin8 r￿ordS in accord￿ with Section 44(IX&) of the 2W5 Act Re￿￿ort 4 of the 2(XJ6
Aecounts RegulatiotLS' and
to pr¢p￿ iccounls whith accord with the *￿)￿LI1ng [t￿rdS and ¢0 ￿T￿p]Y with R¢gu18tiM 8 of thc 2006
Accounts Regulations
h3v¢ b¢¢n m¢t: or
(2) to Whi￿ in my opinion, attention sTrKrtJld be dtawm in ordu to enable a tryer Understandi￿ of the accounts ￿ be
reached.
The Inqiikntc of Chartcred Accountsnts of Scolland
CIB S¢rviKs
63 Kenneth Stre¢[
Storn¢)w8y
Isl¢ of ￿Wi$
HSI2DS
Date..
Page 4

THE WILLIAM MACKEN7JE TRUST
St*teDrnt of Financial Artiviths
for the Y￿r Endtd 5 Aprn 2024
5.4.24
Unresrric*d
Jnd
5.423
Total
lI￿d$
ILYCOME AND ENDOWMEf*TS FROM
InvFSI]n¢nt incon
39.650
41.974
EXPENDITURE ON
Raisin8 futMIs
11.484
11.595
Chrli*ble #¢tfvld
Grants io individual benefi¢iari¢8
Grants t0 5Kondary beneficiary
Governa￿e costs
9,822
28J92
1236
9,991
30.805
l.l?7
Totsl
51.134
53.568
Net 8aittsl(10ss¢5) on inve#m¢nis
50.081
(74.704)
NET INCOIMFJ(EXPENDITUBE)
38.603
<8fi298)
RECONCIL]ATION OF FUNDS
Tot&1 fi￿dS broutht forward
1.325297
,411,595
TOTAL FUNDS CARRIED FORWARD
1.363.9
1.325.297
The noies fonn pan ofthese ruw￿181 sthiements
Pjge 5

THE WILLIAM MACKENZIE TRUST
B4lan¢¢ Sheet
5 Apnl 2024
5.4.24
Un￿strIcted
fynd
5.4.23
Total
funds
FIXED ASSET5
Investments
1.286,593
1246.616
CURRE14T ASSETS
Drbior5
Cash ot t4nk
40.119
41.098
106259
110.742
CREDITORS
A￿[￿nts falliThg due within ovz year
{28.952)
I32,(￿1)
NETCURRENT A&SETS
77.307
78.681
TOTAL ASSETS CURRENT
LIABILITIES
1.363.5XJO
IJZS.297
NET ASSETS
I.363.￿0
1.325,297
FUNDS
Unr¢strK¢ed
I363￿0
25
TOTAL FUNtKs
1363W a7
cial 51a*rnents We￿ apprO￿d by the Board of Tw4ee5 and authorisoj for i55U¢
.. and We￿ s¥gMd on ils behalf ty..
The notes forni w olihcse financial
Page 6

THE WILLLIM MACKEF4ZXE TRUST
Nrte5 t• the FRnAMIAI Statements
fw the Yt*r Ev41￿ 5 Aprll 2•24
ACCOUNTING POLICIES
of prrpariNz th¢ fiu•nci•l ￿#¢the￿I$
Tr financial ststeme¥Ats of the charity. 15 a pthlic IKn¢fit a￿lty uThkr FRS 102. bKn prqyared i
acCOrda￿t with the awiiies SORP (FRS 102) 'ACcou￿1ng aDd Reporting by CharitlC5'. 5tatem¢nl of
R¢¢or¥r*nded Pra¢ti¢¢ appli¢able to clArilies their accounts in x&)rdanc¢ with th¢ Financi81
Reportin8 Standard applicable in the UK Rwbkn'c of tT¢lJnd (FRS 102) (¢fftCtI￿ l January 2019).,
Fi￿n¢t81 Re￿ting Standard 102 Tr Financial RwrtiD8 Standard a￿ll¢ab￿ in the UK and Republic of
Irelafyl, and the Charities attd Trustee Ittyesto￿t (SCoda￿]) Act 21rf)5. The finallciai 5talements bav¢ been
prepared under ihe hist￿]￿1 cost ¢onv¢ntion, with th¢ extrptiott of itwestrrtents vknich are included at market
value. as modifi¢d by th¢ r¢vahJau"on of certam asstt
FluntlAI report1•¥ St￿dir￿ 102- red￿￿ txeThprfD
The charity has tsk¢n advaNa8¢ of th¢ folhwing disclowte exemption in prwaring thesc f￿ancIal 8tai¢mcll13. as
pennitted by FRS 102 Tr Financi￿ Rep￿illg StsDdard appIl￿ble in the UKatrJ RewthlK of ZT¢land':
the requireft*nts of Sethion 7 ofcash Fkn
tn¢•me
All i￿rne is r￿o￿nised in the Stst¢mBn¢ of Fil￿￿¢]31 Adivities on¢¢ tbe Charity h&$ enlidenient to the it
15 probabk that the will be receive41 and th¢ anY)U￿ can b¢ reliably.
Exp¢ttdlture
Liabilities TCw1￿d as ¢ApcnthTh￿ as Is there is a leyl or coDs¢nxtive (bligatifjn committing the
harity ¢0 ihal exper￿lit￿rE, il ks probable that a tra￿¢r of ￿onomIC bettefits will be rcquired in settlement and
Ihe amount of th118aLiOA ￿ be nKa8ured r¢liobty. Eipendilure is for on an accnlals basis and has
ell classified lllld￿ headillgs thai aweEa* all com Tel*ed to the caL¢EOry. costs cannot be directly
attrib￿led to particular headings W have been ¢0 actiVilAes OD 8 b•sis consisteni with the of
Grants ofF¢red subjtrt ¢0 umdiliQtrS wbi¢hknve be¢omd at the date are ￿)ted as a r￿MmitMent but
Jt ￿¢n￿d 05 expenditire.
Taxxtion
Th¢ rharity 13 u¢mpI fivrn vn its thHrit*We activiti
Fund ac¢ouDtl•g
Unrestriaed bjnds can be used x¢ordw with the charitsble objectives at the discretion of the trustee$.
Restriffled fimds can onty be used for particUlar￿strIct￿l purposa within the obj'ects of the Clwity. R￿tridIO￿%
arise when Spvified by tr donor or when fijnds are rAAsed for pArts"cular ra8tri¢ted putposes.
INVESTMEWt INCOME
5.4.24
5.4.23
Dividends received
Bank interest recei•Kd
39.650
41294
680
39,650
41.974
onliau¢d...

THE WILLIAM MACI(EN71E TRusr
N•tes t• the Flll*nd*l St*tenw•ts- co•tinued
f•r the Y¢w Ended 5 Aprll 2024
RAISING FiIN
5.4.24
5.4.23
SupFJrt W5ts
11,484
11.595
TRUSTELS. REMuf4ERATION AND BENEFITS
Th¢ TTUSI¢u T¢c¢iv¢d no from thw rok as Ttusl¢es during the )rar.
ry out the day to day admiiuswion of th¢ Tnw. dealmg with daInw￿8 atyl with suppliu8 of gwd3 to
claimants. The TnL8tees have aP[￿Ved fee of £876 iwlu5iNt of VAT as a paw iowards the Costs
of thinis¢raiion in favour of Mann Judd Gordo
There w¢r¢ no ¢nth¢e< ¢xpen5t& pid for th¢ yt*r 5 April 2024 ttor fiw the year o¥Jed 5 April 2023.
COMPARATIVLS FOR THE STATEMENT OF FINANCIAL ACTivfTIES
Ujjrcstrictcd
INCOME AND ENDOWMEYTS FROM
Inv¢$tllKnl iwMne
41.974
EXPELYDITURE ON
R&isitig futbjs
11.595
Charlt#bl¢ Adiviti
Grants to individual b￿¢fir1¥T1r
Grants to secajdary beneficiary
Governance cO￿S
9.991
30.805
I,iTT
TDtAI
53.568
Net Elin￿(Lo$S¢S) on investn
{74,704)
NFf iNCOMFJ(EXPENDITURE
186.298)
RECONCILIATION OF FUNtKs
Toral funds IKought fotward
1,411,595
TOTAL FUNDS CARRtED FORWARD
1.325.297
Page 8

THE WILIJAM MACKEN71E TRU
Nirt¢s ts the FIM*nd*l St*temeats- al￿1￿Ued
rthe Y¢•r Elld￿ 5 Aprll 2924
FIXED A&SET INVFsfMENTS
itiveslmcttts
Ai 6 A￿lI 2(J23
Addition5
Disposals
R¢vaLuation5
1,246.616
295,OS4
(302,342)
47.265
At 5 Awil 2024
l.286,593
NET BOOK VALUE
Ai 5 April 2024
1.280.593
Ai 5 Apn"12023
1.246.616
Th¢ff W¢T¢ itiVeSttt￿ Is￿ outsith the U
Cost OT va￿￿￿on ai 5 ApTiI 2024 is r¥FYaent¢d ty.
List¢d
inveBtmen15
Valuation itL 2024
1286.593
5.4.24
5.4.23
Stockbroker- dealing
Stockbroktt- Capital Account
,121
31.998
41,098
40.119
41.098
CREDITORS: AMOUNTS FALLING DUE ￿￿[IN ONE YEAR
5.4.24
S.4.23
TrAde ct*ditors
Amount 0￿d to s¢¢on￿ry b¢ttefieiary
Accrued exp¢nses
895
30.805
361
28.592
360
28.952
32.061
Page 9
continued..

THR WILLIAM MACKEN7JETRUST
Nrfm to the FIMxl*l St*temeots- eoDtlnued
Cor the Year F￿ded S Aprll 2•24
MOVEMENT IN FiINDS
At
5.4.24
At6.423
iti fimds
UDrestrl¢ied fynds
Get￿1[ fund
1.325.297
38.&)3
1.363,91JO
TOTAL FUN
1,325.297
38.603
1.363.9
Net in fimth. I￿lUd¢41 in follows:
losscy
in funds
Unrestrieted fvids
CJ¢ner&l fimd
39.650
(51.134)
50.087
38ffi03
TOTAL FUNDS
39.650
(51.134)
51J.087
38.603
Compar&tlv¢s f•Y movement In
Net
At
5.4.23
At 6.4.22
Unre9trl¢t¢d fuM•h
General fijnd
1.41 lJ95
{86,298>
,325297
TOTAL FUNDS
1.41 lJ95
86.298)
1.325.297
Coll¥yaraiiv¢ ￿￿)Ven￿LI in ID the aEove are ￿ fdiows:
Iw)minB R￿[M￿¢S Gains and MoV¢Th￿l
105SPS
Unre¥trl¢t¢d
Gcncral fimd
41.974
(53.568)
(74.704}
186298)
TOTAL FUNDS
41.974
(53.568)
(74.704)
(86,298)
Page 10
Continued...

TIIE WILLIAM MACKENZIE TRUST
Nrtes to the FI￿￿¢1*1 Staternents- roNlinued
for the Ye#r Ended S Aprbl 2•24
MOVEMENT IN FUNDS- ¢•ntlnu
A current year 12 mcffiths and prirff yw l? months ￿mbIned pDs•lion 15 a5 follDW5".
moyement
in funds
At
5.424
Ai 6.4.22
Unreslritttd funds
fj¢neTal fund
1.411,595
(47.695)
1,363.9(K)
TOTALFUNDS
1.411.595
47 695)
1 363.900
A Cy￿ent year12 rnonths and prioryetr 12 months u)mbiwi nel rN>vement in fuThJ& included in the above are
as follow5..
Incoming
Ga￿$ *)d
k)$5e$
Movemenl
in futsds
experyjed
Unr*$trfti*d
General fijnd
81.624
(104.7021
{24.617
147.6951
TOT A I. FUNDS
81.624
{104.7021
24.6171
47 695)
10.
RELATED PARTY DISCLOSURES
siee. 15 also a Direaor of J￿d CK)thn Chartered Ac¢wnI￿ts. Ddai15 of any fees paid
btiiieen Ihe'l'rusi and Mann l￿d are ser oui in nNe 4 ￿ ihe ￿c1)Unts page #.
Si Ptlers
[pi￿Lipal Chiiri
annually.
effecl the residui thai is'ould be p.
eclared an interest in meetings where matters will ultimately
ble lo Ihe K'e5tsy.
Followin
rrfimient fm the Tru& hi% su¢ttssor,
a150 decI￿Ed an interest in meetings whue matters will ultimately elTect the res&due payable
to the vesty.
Pagell

THE WILLIAM MACKENZIE TRU
Detllled 5¢ateTU￿¢ of Aedvllles
f•r ¢he Yur Ended S Aprll 2024
5.4.24
5.4.23
INCOME AND EIYDOWMENrs
Inwestmtnt Ineon
Divldends received
Bank int￿est Teccived
39.650
41.294
680
39,650
41,974
TotAI Ineonthg ruollr¢es
39.650
41.974
EXPENDITURE
Ch•rh&bie a¢dvld
Grants to itL%tilulions
to irylividuals
28,592
9,822
30,805
9,991
38,414
40,796
Support ¢(uts
G•venha#te ¢osts
Bank and investmenl c
Administration
lttdeF¢ndent Examiner fte
11,484
876
360
11.595
817
360
12,T20
11772
Toilll nsourccs up¢
51.134
53.56B
Net expendlturt before galllj Mlld l•sxs
(11,484)
(11,594)
ReAllsed rttoittlsed pltts *nd 1•oes
Realised gain￿(loSSeS) on fixed asset invesknmts
2,822
(513)
Net expendilure
{8,662)
(12.1071
Pa8e 12