2025-12-31-accounts

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Charity registration number SC002889 (Scotland)

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THE GORDON HIGHLANDERS' ASSOCIATION TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Major (Retd) G Irvine-Fortescue MBE, DL (Chairman/ Honorary Secretary/ Lt Col (Retd) G McKen MBE TD (Vice Treasurer) Chairman) Lt Col D Barron MajorCaptain (Retd)(Retd) R BirnieE Chalmers Major R Cruickshank Captain (Retd) W Taylor Major (Retd) R Donald TD Captain (Retd) C Hay MVO Mr DM Rothney Charity number (Scotland) SC002889 Principal address St Luke's Viewfield Road AB15 7XH Aberdeen Independent examiner A.J.B. Scholes Ltd Aberdeen10 Albyn Place AB10 1YH

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THE GORDON HIGHLANDERS' ASSOCIATION TRUST CONTENTS

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||||| |---|---|---|---| |Page| |Trustees’|report|1-2| |Independent|examiner's|report|3| |Statement of financial|activities|4| |Balance|sheet|5| |Notes to the financial statements|6-13|

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THE GORDON HIGHLANDERS' ASSOCIATION TRUST | TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 5 The Trustees present their annual report and financial statements for the year ended 31 December 2025. | The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's deed of trust, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). | Objectives and activities The Trust hereby established shall exist for the following purposes, and have the following objects and aims namely:(1) To foster esprit-de-corps and to keep alive by reunions and meetings the comradeship which was always so strong among officers, warrant officers non-commissioned officers and men (all hereinafter collectively called "members") of the Regiment which was formerly known as The Gordon Highlanders (hereinafter called "the Regiment’). (2) To assist members of The The Regiment who have through no fault of their own fallen on hard times. (3) To assist the widows and children of deceased deceased members, but excluding any widow widow or children of any any of us. (4) To ensure that all pensioners and veterans of The Regiment are well cared for and to arrange for visits to members resident at the Royal Hospital, Chelsea; Erskine Hospital and the War Blinded Institution, Linburn: the Scottish Veterans' Residences (Whiteford House, Rosendael and the Murray Home); the Thistle Foundation (Wighton House), Edinburgh; the Flanders House in Glasgow; the Blesma House in Crieff: and the Royal Star and Garter Home in Surrey. | AllGrantrequests makingfor policyhelp are assessed by SSAFA, Poppy Scotland or Royal British legion caseworkers. The Association policy is to meet the identified need from Association funds up to a threshold level of £800 per individual case and with any other appropriate charity. The threshold level was increased from £650, as agreed by the Association i thereafterTrustees at fromthe primarily,Trustee meeting The Armyon Benevolent24 October Fund2024. Soldiers CharityThe yield on the andportfolio for Scottishholdings cases,is a Poppysignificant Scotland,factor alongwhen determining the level of Welfare Grant support. The level of grant will remain open to review by the Trustees subject * to the number of requests for assistance received during the year and any impact on dividend income. Achievements and performance widowers and senior old and bold on their birthday. i The Association continues its policy of sending Duchess Jean postcards or Regimental cards to known widows, Grants are received annually from Regimental Association subscriptions/ Gift Aid and The Luff Foundation. The its primary objective of providing necessary welfare support to needy members of the Regiment. | Trustees have determined a budget for the year to take account of income and are satisfied that the Trust can meet Other donations are received from charitable organisations and from Association branches by carrying out fund E raising activities and making donations to the main Association Fund. Financial review recognised gains on its investment portfolio amounting to £37,427. Charitable funds therefore increased by £5,244 | overIncomingthe courseresourcesof theinyear.the Unrestrictedperiod totalledfunds£74,185;at the endexpenditureof the periodin thetotalledperiod£790,190.totalled £106,368. The Trust also

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's deed of trust, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

The Trust hereby established shall exist for the following purposes, and have the following objects and aims

(1) To foster esprit-de-corps and to keep alive by reunions and meetings the comradeship which was always so strong among officers, warrant officers non-commissioned officers and men (all hereinafter collectively called "members") of the Regiment which was formerly known as The Gordon Highlanders (hereinafter called "the Regiment’).

(2) To assist members of The The Regiment who have through no fault of their own fallen on hard times. (3) To assist the widows and children of deceased deceased members, but excluding any widow widow or children of any any of us. (4) To ensure that all pensioners and veterans of The Regiment are well cared for and to arrange for visits to members resident at the Royal Hospital, Chelsea; Erskine Hospital and the War Blinded Institution, Linburn: the Scottish Veterans' Residences (Whiteford House, Rosendael and the Murray Home); the Thistle Foundation (Wighton House), Edinburgh; the Flanders House in Glasgow; the Blesma House in Crieff: and the Royal Star and Garter Home in Surrey.

Reserves policy

The total funds held by the Trust amount to £790,190 (£784,946 at 31 December 2024) and it is considered that these reserves are adequate to meet the expenditure of the Trust.

Investment policy

The Trust's investments are managed by LGT Wealth Management International Limited (formerly abrdn Capital International Limited). Investments are directed towards producing high income.

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THE GORDON HIGHLANDERS' ASSOCIATION TRUST

i TRUSTEES' REPORT (CONTINUED) J FOR THE YEAR ENDED 31 DECEMBER 2025

Risk protection

The Trustees have reviewed the risks to which the Trust's funds are exposed and are satisfied that adequate control procedures are in place. All the Trust's assets are held either as bank deposits, unit trust holdings or UK listed securities.

TheStructure,Trust governanceis a registered andScottish managementcharity governed by the terms of a trust deed.

Major (Retd) G Irvine-Fortescue MBE, DL The Trustees who served during the year and up to the date of signature of the financial statements were: (Chairman/ Honorary Secretary/ Treasurer) Lt Col D Barron LtMajor Col (Retd)(Retd) RG McKenBirnie MBE TD (Vice Chairman) Captain (Retd) E Chalmers Major (Retd) R Donald TD Major R Cruickshank Captain (Retd) W Taylor Mr DM Rothney Captain (Retd) C Hay MVO

The Board of Trustees has the authority to recruit and appoint Trustees as and when deemed necessary. The Trustees' geport was approved by the Board of Trustees. ajor (Retd) G Irvine-Fortescue MBE, DL (Chairman/ Honorary Secretary/ Treasurer) Trustee Date: Se~ Se~~ MMM w d,,, 2 Lé Lé .

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ajor (Retd) G Irvine-Fortescue MBE, DL (Chairman/ Honorary Secretary/ Treasurer)
Trustee
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THE GORDON HIGHLANDERS' ASSOCIATION TRUST | INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GORDON HIGHLANDERS' ASSOCIATION TRUST OO

| report on the financial statements of the Trust for the year ended 31 December 2025, which are set out on pages 4 to 13. Respective responsibilities of Trustees and examiner the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Trust'sTrust TrusTrus tees areconsider responsiblethat thefor the preparationaudit requirementof theof financialRegulationstatements10(1)(a)-(c)in accordanceof the Charities with theAccounts terms of (Scotland) Regulations 2006 does not apply. TrusteeIt is my Investmentresponsibility(Scotland)to examineAct the2005financialand to statestatementswhether asparticularrequired mattersunder sectionhave come44(1)(c)to myofattention. the Charities and

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the in the financial statements, and seeking explanations from the trustees concerning any such matters. The financialprocedures statemund e rn t akens presenteddo not withprovide thoseall records.the evidenceIt alsothat inclwo u des considerationld be required in ofan anyaudit, unusualand consequently items or disclosures| do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement In the course of my examination, no matter has come to my attention

1. which gives me reasonable cause to believe that in any material respect the requirements: « to keep accounting records in accordance with Section 44(1)(a) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and + to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 have not been met, or

2. to which, in my $pinion, attention should be drawn in order to enable a proper understanding of the financial ey be reached.

lyan Houstor’C

hartered’ Accountant Independent Examiner

10 Albyn Place

Aberdeen

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THE GORDON HIGHLANDERS' ASSOCIATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

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||||||||| |---|---|---|---|---|---|---|---| |Unrestrictedfunds|Unrestrictedfunds| |2025|2024| |Notes|£|fe| |Income|from:| |Other|trading|activities|4|863|896| |Donations and legacies|3|52,807|39,203| |Investments|5|20,515|19,746| |Total income|74,185|59,845| |Expenditure|on:| |Raising|funds|6|5,367|3,851| |Charitable|activities|4|101,001|86,314| |Total expenditure|106,368|90,165| |Net|gains/(losses)|on|investments|11|37,427|6,945| |Net|income/(expenditure)|and|movement|in|funds|5,244|(23,375)| |Reconciliation|of funds:| |Fund|balances|at|1|January|2025|784,946|808,321| |Fund balances|at 31|December 2025|790,190|784,946|

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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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THE GORDON HIGHLANDERS' ASSOCIATION TRUST

BALANCE SHEET

AS AT 31 DECEMBER 2025

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	Notes	£	2025	£	£	2024	£
Fixed assets
Tangible assets	13			148			298
Investments	14			759,734 759,882			726,500 726,798
Current assets
Debtors	15	4,256			2,909
Cash at bank and in hand		28,312			57,379
Creditors: amounts falling due within one year	16	32,568 (2,260)			60,288 (2,140)
Netcurrentassets				30,308			58,148
Total assets less current liabilities				790,190			784,946
ThefundsoftheTrust
Unrestricted funds				790,190			784,946
				790,190			784,946

The financial statements were approved by the Trustees on (2 Mosd, dort Mafor (Retd) G Irvine-Fortescue MBE, DL (Chairman/ Honorary Secretary/ Treasurer) Trustee

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THE GORDON HIGHLANDERS' ASSOCIATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies Charity information

The Gordon Highlanders’ Association Trust is a registered Scottish charity governed under the terms of a 1.1 Accountingdeed of trust. convention

The financial statements have been prepared in accordance with the Trust's deed of trust, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Trust is a Public Benefit Entity as defined by FRS 102.

The Trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include listed investments at fair value. The principal accounting policies adopted are set out below.

• 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust continue to adopt the going concern basis of accounting in preparing the financial statements. has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees

1.3. Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

• Income is recognised when the Trust is legally entitled to it after any performance conditions have been met,

• 1.4 theIncomeamounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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• THE GORDON HIGHLANDERS' ASSOCIATION TRUST

• | NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

• 4 1 Accounting policies (Continued)

• i 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a the obligation can be measured reliably.

• E third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and activity are allocated directly to that activity. Shared costs which contribute to more than one activity and

• | sharedsupport costs,costs whichincludingare supportnot attributable costs involvedto a single in undertakingactivity are eachapportionedactivity. betweenDirect coststhose attributableactivities toon aa singlebasis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and

• | depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

• i depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their

• i useful lives on the following bases: Computers 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Fixed asset investments are initially measured at transaction price excluding transaction costs, and are

• | 1.7. Fixed asset investments subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

• | 1.8 Impairment of fixed assets At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

• | there is any indication that those assets have suffered an impairment loss. If any such indication exists, the 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

• | 1.10 TheFinancialTrust instrumentshas elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

• | Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument. there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net

• E Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when basis or to realise the asset and settle the liability simultaneously.

THE GORDON HIGHLANDERS' ASSOCIATION TRUST i NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) H FOR THE YEAR ENDED 31 DECEMBER 2025 1 Accounting policies (Continued) } Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at interest method unless the arrangement constitutes a financing transaction, where the transaction is | transactionmeasured price includingat the present transactionvalue of the costsfuture andreceipts are subsequentlydiscounted at carrieda market at amortisedrate of interest. cost usingFinancial the effectiveassets classified as receivable within one year are not amortised. | Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. i TradeDebt instrumentscreditors are areobligations subsequentlyto paycarriedfor goods at amortisedor services cost,that usinghave thebeen effective interest rateacquired in the ordinary method.course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one transaction price and subsequently measured at amortised cost using the effective interest method. | year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at Derecognition of financial liabilities cancelled. f Financial liabilities are derecognised when the Trust's contractual obligations expire or are discharged or i 2 CriticalIn the application accounting estimatesof the Trust’s andaccounting judgementspolicies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other are considered to be relevant. Actual results may differ from these estimates. i sources. The estimates and associated assumptions are based on historical experience and other factors that The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting period, or in the period of the revision and future periods where the revision affects both current and future 4 estimates are recognised in the period in which the estimate is revised where the revision affects only that periods. | 3. Income from donations and legacies Unrestricted Unrestricted 2025 2024 @ funds funds | i DonLeg a ct i esons and gifts 123 , 047309 1,714: Grants 36,100 36,100 | Membership fees 1,351 1,389 52,807 39,203

THE GORDON HIGHLANDERS' ASSOCIATION TRUST

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

	FOR THE YEARENDED 31 DECEMBER 2025	FOR THE YEARENDED 31 DECEMBER 2025
+	oo
	3	Incomefrom donations and legacies		(Continued)
				Unrestricted funds
			2025	2024
q £ £
	Donations and gifts Other 12,309 1,714
				12,309
		Grants
#		Dunnachie'sCharitable Trust Robert Luff Foundation	1,100 35,000	1,100 35,000
a			36,100	36,100
i	4	Incomefromothertradingactivities	Unrestricted	Unrestricted
			funds	funds
i			2025 £	2024 £
		Other income	863	896
	5	Income from investments
5			Unrestricted	Unrestricted
			funds	funds
			2025	2024
			£	£
a		Incomefromlistedinvestments Interest receivable	20,088 427	17,276 2,470
			20,515	19,746

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THE GORDON HIGHLANDERS' ASSOCIATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

6 Expenditure on raising funds

6	Expenditure on raising funds
		Unrestricted funds	Unrestricted funds
	Trading costs	2025 £	2024 £
	Other trading activities	1,174	720
	Investmentmanagement	4,193	3,131
		SS	=
	Totalcosts	5,367	3,851
7	Charitable activities
		Benevolence	Benevolenc
			e
		2025 £	2024 £
	Depreciation andimpairment Governance and support	150 51,579	150 38,904
		51,729	39,054
	Grantfunding ofactivities (see note8)	49,272	47,260
		101,001	86,314

Charitable expenditure includes amounts charged by the independent examiner of £2,160 (2024: £1,992) for accounts preparation and independent examination services.

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THE GORDON HIGHLANDERS' ASSOCIATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

8 Grants payable

Grants payable
	Benevolence Benevolence	Benevolence Benevolence
	2025	2024
Grants to institutions:	£	£
Veterans Aid Scotland	650	650
ArmyBenevolentFund Salvatio Army	2,500 3	2,600 -
Scottish Veterans' Residences	650	650
GordonHighlanderMuseum&RegimentalTrustFund Veterans Chaplaincy Lady Haig's Poppy Factory	35,890 150 100	35,000 - -
GHLA	1,200	.
Edinburgh Branch	600	-
	42,040	38,900
Grantstoindividuals	7,232	8,360
	49,272	47,260

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Trust during the year.

10 Employees

The average monthly number of employees during the year was:

The average monthly number of employeesemployees during the year was:
	2025 Number	2024 Number
Total	-	-
Therewerenoemployeeswhoseannual remunerationwasmorethan £60,000. Net gains/(losses) on investments
	Unrestricted	Unrestricted
	funds	funds
	2025 £	2024 £
Revaluation of investments	37,452	7,049
Gain/(loss)onsaleofinvestments	(25)	(104)
	37,427	6,945

1. ThereNet gains/(losses) were no employeeson investments whose annual remuneration was more than £60,000.

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THE GORDON HIGHLANDERS' ASSOCIATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13.	Tangiblefixedassets			Computers£
	Cost
	At 1 January2025			598
	At 31 December 2025			598
	Depreciationandimpairment At 1 January 2025			300
	Depreciationcharged intheyear At 31 December 2025			150 450
	Carryingamount At 31 December 2025			148
	At31December2024			298
14	Fixed asset investments
		Listed investments	Cash in portfolio	Total
	Cost or valuation At 1 January 2025	£ 720,168	£ 6,332	£ 726,500
	Valuation changes	37,452	-	37,452
	Transfers in Transfers out	. -	1,973 (4,198)	1,973 (4,198)
	Disposals	(1,993)	.	(1,993)
	At31 December2025	755,627	4,107	759,734
	Carryingamount At 31 December 2025	755,627	4,107	759,734
	At 31 December 2024	720,168	6,332	726,500
15	Debtors
	Amounts falling due within one year:		2025 £	2024 £
	Otherdebtors		4,256	2,909

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THE GORDON HIGHLANDERS' ASSOCIATION TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

16 Creditors: amounts falling due within one year

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|||| |---|---|---| |2025|2024| |2|£| |Accruals and deferred income|2,260|2,140|

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17 Unrestricted funds

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||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The unrestricted funds of the charity comprise the unexpended|balances of donations and grants which are| |not|subject|to|specific|conditions|by|donors|and|grantors|as|to|how|they|may|be|used.|These|include| |designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.| |At|1|January|Incoming|Resources|Gains|and|At|31| |2025|resources|expended|losses|December| |£|£|£|£|£| |2025| |General funds|784,946|74,185|(106,368)|37,427|790,190| |Previous|year:|At|1|January|Incoming|Resources|Gains|and|At|31| |2024| |2024|resources|expended|losses|December| |£|£|£|£|£| |General|funds|808,321|59,845|(90,165)|6,945|784,946|

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18 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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96th Trustees' | Annual Report (2025)

of The Gordon Highlanders’ Association Trust

(LXXV-XCII) Instituted, April 1930 (Registered as a War Charity No. ED/3646) Scottish Charity Number SCO 02889

TRUSTEES

Major (Retd) GA Irvine-Fortescue MBE, DL Chairman/Honorary Secretary/Treasurer Lt Col (Retd) G McKen MBE TD Vice Chairman Lt Col (Retd) DCN Barron Major (Retd) R Birnie Major (Retd) RM Cruickshank TD Major (Retd) RE Donald TD Captain (Retd) EDJ Chalmers Captain (Retd) WJ Taylor Captain (Retd) C Hay MVO Chairman GHLA Mr DM Rothney

1. The 95" Annual General Meeting of the Association was held at St. Luke's, Viewfield Road, Aberdeen at 1145hrs on Saturday 26th April 2025 and the minutes were duly circulated to Association members.

2: The Statement of Financial Affairs as at 31S December 2025 has been prepared by Scholes Chartered Accountants. The accounts were approved by the Trustees at the Trustee meeting held on 17'" March 2026.

The figures quoted below are for easy reference to the main elements of the accounts and are included in the Statement of Financial Affairs.

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4.	BENEVOLENCE TO INDIVIDUALS	BENEVOLENCE TO INDIVIDUALS	2025	2024
	a.	From the Regimental Association — 13 cases. (13 cases in 2024)	7,232	8,360
	b.	Christmas Boxes to Individuals in Hospitals/Homes	-	30
5:	DONATIONS TO OTHER CHARITIES
	a.	Army Benevolent Fund	2500	2,600
	b.	Scottish Veterans' Residences	650	650
	Cc.	Veterans Aid Scotland	650	650
	d.	Salvation Army Christmas Appeal	300	300
		“£17,332		“£12,590
6.	DONATIONS RECEIVED		2025	2024
	a.	Dunnachie Trust	1,100	1,100
	b.	Association Branches	-	100
	d.	Bequests	-	949
	e.	Other Donations	14,256	185
			£15,356	£2,334

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1. SUBSCRIPTIONS & GIFT AID (Includes Tax Recovery/Gift Aid on Subscriptions & Donations)

2025 2024 £1,351 £1,389

1. INVESTMENT POLICY The Trust investments are managed by LGT Wealth Management. The Investments are in two multi asset portfolios. The first, the Phoenix Fund, is the fund which includes the Robert Luff Foundation element and from which the dividend income is used primarily to support Gordon Highlander veterans and widows who have fallen on hard times. The second is the Balanced Bridge Fund and from which the dividend income is used for the benefit of Gordon Highlander veterans taking part in other activities and events. The Trustees are satisfied that the both funds meet the Trust’s aspiration to generate income that enables critical support for primary welfare needs and wider support for and expenditure on other veteran welfare related activities.

The Association Investment requirements for both portfolios are as follows: Investment Objective: Growth and Income.

Benchmark: ARC £ Balanced Asset - Phoenix.

Benchmark: ARC £ Steady Growth — Balanced Bridge

Investment Restrictions: None. Risk Profile: Medium Low - Phoenix. Risk Profile: Medium — Balanced Bridge Income Requirements: £9,000 per annum (Phoenix)

£10,000 plus (Balanced Bridge) Timescale: 5-10 years — both portfolios. Capacity for Loss: No more than 20% - both portfolios.

The Trustees are satisfied that the Association investments will generate the income required to meet welfare support needs across the Association.

GA Sreine- Sartesewe

Date: 31 March 2026

Position: _Chairman/Honorary Secretary/Treasurer

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TRUSTEES OF THE GORDON HIGHLANDERS’ ASSOCIATION TRUST

Major GA Irvine-Fortescue MBE, DL

Chairman Vice Chairman

Lieutenant Colonel G McKen MBE, TD Vice Chairman Lt Col DCN Barron Major R Birnie Major RE Donald TD Major RM Cruickshank Captain EDJ Chalmers Captain WJ Taylor Captain C Hay MVO Chairman GHLA Mr DM Rothney

Major GA Irvine-Fortescue MBE, DL

Lodge of Auchindoir, Rhynie, Huntly Aberdeenshire AB54 4JD Email: [e-mail] Tel No: (H) 01464 861100 (M) 07801 296782

Lieutenant Colonel G McKen MBE TD Glenview, 29 Park Lane, Gartly, Huntly, Aberdeenshire AB54 4QA Email: [e-mail] Tel No: (H) 01466 720364 (M) 07860 632131

Lieutenant Colonel DCN Barron

Vine Cottage, Netheravon, Salisbury, Wilshire, SP4 9RQ Email : [e-mail]

(M) 07752 936274

Major R Birnie

4 McDonald Square, Halbeath, Dunfermline KY11 8PH Email: [e-mail]

Tel No:

Major RE Donald TD 61 Fountainhall Road, Aberdeen AB15 4EU Email: [e-mail] Tel No: Major RM Cruickshank TD Upper Dalmore, Auldearn, NAIRN 1V12 5HZ Email: [e-mail]

(H) 01383 736826 (M) 07754 244908

(H) 01224 624276 (M) 07886 647942 (M) 07798 767278

Captain EDJ Chalmers 55 South Street, Falkland, Fife KY15 7AT Email: [e-mail] Tel No: (M) 07900 433564 Captain WJ Taylor 12 Guardwell Crescent, Parklands, Edinburgh EH17 7JA Email: [e-mail] Tel No: (H) 0131 6722607 (M) 07414 643743 Captain C Hay MVO 27 Afghan Road, London SW11 2QD Email: [e-mail] Tel No: (M) 07482 960382

Mr DM Rothney 23 Mid Street, Rosehearty, Nr Fraserburgh, AB43 7JS Email: [e-mail] Tel No: (H) 01346571586

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THE GORDON HIGHLANDERS ASSOCIATION TRUST

Members meet at the following places and are always happy to welcome new members and encourage those who have been absent for a while to join them.

The office of The Regimental Association remains at St Luke’s, Viewfield Road, Aberdeen AB15 7XH. Telephone: TBC Email: [e-mail]

Chairman, Maj GA Irvine-Fortescue MBE, DL (Grenville). Secretary & Email: [e-mail] Treasurer:

1; ABERDEEN BRANCH Chairman & Maj RE Donald TD (Bob), 61 Fountainhall Road, Aberdeen AB15 4EU 01224 624276 Secretary Email: [e-mail] Mob: [phone] Meetings 18' Monday of the month, 22 Club, 55 Rose Street, Aberdeen, AB10 1UA 2. THE GORDON HIGHLANDERS ASSOCIATION DRUMS & PIPES Chairman Mr S Heyes (Steven), 12 Mains View, Westhill, Aberdeenshire AB32 6NZ 01224 745308 email: [e-mail] Mob: [phone] Pipe Major Pipe Sergeant — John Lovett. Email: ![e-mail] Secretary/ Mr R Thomson (Robert), 6 Kingshill Road, Aberdeen AB15 5SJY 01224 314806 Treasurer email: [e-mail] Mob: [phone]. EDINBURGH BRANCH Chairman Captain WJ Taylor (Bill), 12 Guardwell Crescent, Parklands, Edinburgh EH17 7JA. email: [e-mail] 0131 6722607 Mob: [phone] Secretary TBC Meetings 15t Wednesday of Feb, Apr, Jun, Aug, Oct, The Graeme Hotel, 40 Grahams Road, Falkirk FK1 1HR 4. FRASERBURGH AND MACDUFF BRANCH Chairman Mr M Ferguson (Martyn), 20 Johnston Park, Turriff AB5S34BY Mob: [phone] Email: [e-mail] Secretary Mr M Gerrie (Mike), 62 Forglen Cres, Turriff AB43 4NZ 01888 562919 email: [e-mail] Mob: [phone] Treasurer Mr J Murray (John) Meetings Branch Meetings — 18 Sunday of each month at The Royal British Legion, Turriff 5: INVERNESS BRANCH Chairman Maj WC McMaster (Crawford), 12 Broomhill Drive, Muir of Ord, Ross-shire IV6 7WH. Email: [e-mail] 01463 871670 Secretary Mr P Pratt (Peter), 52 Balnakyle Road, Inverness IV2 4BS Mob: [phone] email: [e-mail] Meetings AGM/Dinner in March. Ladies Dinner October — Invitation only. 6. NOTTINGHAM BRANCH Secretary Mr| Burmett (lan). Email: [e-mail] Mob: [phone] Tt: LONDON ASSOCIATION President Sir Alexander Graham GBE Chairman & Captain C Hay MVO (Charles), 27 Afghan Road, London SW11 2QD Email: [e-mail] Mob: [phone] Secretary Mr SMJ Gatward (Stefan). Email: [e-mail] 01892 522765 Events Co-ordinator Lt Col DCN Barron (David). Email : [e-mail] (M) 07752 936274 Welfare Officer Mr SMJ Gatward (Stefan). Email: [e-mail] 01892 522765 Chartered Treasurer : Mr F McDowell (Frank). Email : [e-mail] Committee Meetings Casual gatherings as and when advertised at the London Scottish HQ, 95 Horseferry Road, London

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1. CHESTER BRANCH Chairman Mr J Vass (John), 49 Marlston Avenue, Lache Park, Chester CH4 8HE. Email: [e-mail] Secretary Vacant 9. GLASGOW BRANCH Chairman Mr P Pizzey (Peter) Email: [e-mail] Secretary: Secretary: Mr A Williamson (Allan). Email: [e-mail]

Mob: [phone]

Mob: [phone].

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