Mrs A B C Campbell's
Charitable Trust
REPORT AND ACCOUNTS
For the year ended 12 March 2025
Caledonian Exchange
19A Canning Street
EDINBURGH
EH3 8HE
Scottish Charity No SC003251

Mrs ABC Campbell's Charitable Trust
Report and Accounts
For the year ended 12 March 2025
Contents
Page No
Trustees, Report
Independent Examiner's Report
statement of Financial Activities
Balance Sheet
Notes to the Accounts

Mrs ABC Campbell's Charitable Trust
Trustees. Report
For the year ended 12 March 2025
Introduction
The Trustees present their report and the financial stalements of the Charity for the year e
ed12
March 2025. The financial statements have been prepared in accordance with the acc
unting
policies set out in Note 1 to the Accounts and comply with the Charity's Trust Deed, the C
arilie5
and Trustee Investment (Scollandl Act 2005, the Charities Accounls (Scollandl Regulaliolts 2006
(as amended) and Accounting and Reporting by Chaflties.. Statement of Recommended Flractice
applicable lo charities preparing their accounts in accordance with the Financial Rq)orting
Standard applicable in the UK and Republic of Ireland (FRS1021 effective 1 January 2019.
Ob'ectives Activlties and Grant-makin
The purpose of the Trust is lo make payments for chantable purposes to charitable instilLlions,
societies, foundalians or funds as the Trustees in their sole discretion decide. The Truste
s hold
the fLJnds as specified in the Declaration of Trust.
Polic
The expression 'charilable purposes. means a charitable purpose as defined in Section 7
Charities & Trustee Investment (Scotlandl Act 2005 and which is also regarded as a ch
purpose in relation to the application of the Taxes Acts.
of the
rilable
Achievements and Performance
During the period of these Accounts the Trustees made granls and other charitable donatkns to
five organisalions amounting in total lo £35,000 12024 three organisalions totalling £24.000}.
Further details are contained in Note 4 lo the Accounts.
Financlal Review
During the period of these Accounts the Trustees made grants as noted above.
The investment income received by the Trust during the year amounted lo £35,306 1
024
£33,748) There was a deficit before gains and losses on investments of £14,445 (deficit 2024
£6,414) at the year-end as a result of the level of donations made dursng the year.
Realised gains on sales of shares were £4,517 and there were unrealised gains of £14,0481
the previous year there were realised gains of £442 and unrealised gains of £47,486).
The total value of the trust funds held as at 12 March 2025 amounted lo £1,239,333 1
£1,235,213). The Trustees are satisfied that adequate funds were available al the Balance
date lo continue lo fulfil the charitable objectives of the Trust.
uring
24
heet
Investment oli¢
and erfomiance
The Trust's investments are included in the designated Capital Fund.
The investrnent objective of the Trustees is to achieve an above average income yield together
with growth of income over the long term. To implement that objective, Ralhbones mana* the
investment portfolio on behalf of the Trustees. The value of the portfolio increased from £1,19d,264
10 £1,216.185 during the period.

Risk Mana
ement
The principal risk faced by the Trust lies in the perforrnan￿ of investment5.
The Trustees consider variability of investment returns on the capital {designaled)
und to
constitute the charity's Major financial risk. This is mitigated by retaining expert inv¢stmenl
managers and having a diversified investment portfolio.
The Trustees have direckd the
investment managers lo manage the funds with a balanced mandate between income and capital
growth.
Reserves Polic
The Trustees have chosen to designate the capital funds held by the Trust, being the briginal
capital of the Trust, adjusted annually for income and fees related to capital and for invdstment
gains and losses, to preserve the income generating capacity of the Trust,. they have p¢wer to
apply the capital and the general funds towards the charitable PLbrposes lo such an extent ès they
may from time to time think fit.
At the end of the financial year. the Trustees aim to hold approximately one year
expenditure in the general fund.
total
Structure Governance and Mana
The Charity was formed in 1987. The founding document is a Declaration of Trust
Campbell dated 12 March 1986 and registered in the Books of Council and Session on
1987.
ernent
y Mrs
April
The Trustees who served during the period of these Accounts are noted below. The Truste& seek
to maintain a balance of relevant skills and experience within the trustee body. No changes to the
Iruslee body are envisaged at the present time but in the event of new trustees being apooinled
Ihey wou5d be provided with copies of the Trust Deed, Minutes andlor relative correspontlence,
re￿nt Accounts and OSCR'S Guidan￿. Appointments are not limited in time.
The Trustees have wide investment powers. They are in regular contact in order lo revi¢w the
financial position of the Trust and make decisions on the application of income for ch
ritable
purposes. Lindsays Solicitors administer the charity on a day to day basis on behalf
f the
Trustees. Ralhbones are appointed lo manage Ihe investment portfolio on behalf of the Trustees.
Details of Transactions with Related Parties
Lindsays Trustees & Executors Limited, as one of the Trustees, is a wholly-owned trustee
company belonging to Lindsays LLP Solicitors to whom fees are paid for the secretari$l and
administrative support provided to the Trust. The payment of fees to Lindsays LLP is permitted irs
terms of the Declaration of Trust and the Trustees have written terms of engagement with LiThJsays
LLP in regard lo those services in Complian￿ with the tenns of s67 of the Charities and T ustee
Investment IScotland} Act 2005

Reference and Administrative Infomiation
Scottish Charity Number
SC003251
Address
Caledonian Exchange
19A Canning Street
Edinburgh EH3 8HE
Triistccs
SecrL¥taries rind LecJ31 Advisers
Lindsays LLP
Caledonian Exchange
19A Canning Street
Edinburgh
EH3 8HE
nt Examiner
GID5UlI IVl¥rtVll Vll DKII Iv¥v? Lll I liked
14 Rutland Square
Edinburgh
EH1 2BD
Investment Managers
Rathbones
George House
50 George Square
Glasgow
G2 1EH

Statement of Trustees Res
onsibilities
The Trustees are responsible for preparing the Report of the Tru51ees and the financial statements
in accordance with applicable law and Untted Kingdom Accounting Standards (United Klngdom
Generally AC￿pted Accounting Practice).
The law appliGable lo charities in Scotland. the Charities and Trustee Investment IScDtla
dl Act
2005, Charities Accounts (Scotlandl Regulations 2006 las amended) and Ihe provisiond of the
charity's conslilLrtion requires Ihe Truslees lo prepare financial statements for each financ￿1 year
which give a true and fair view of the state of affairs of the charity and of the incoming re90urces
and application of resour￿5, including the income and expenditure. of Ihe charity for that
eriod.
In preparing those Iinancial statements, the Trustees are required to-
Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charity SORP
Make judgements and eslirnales that are reasonable and prudent
state whether applicable accounling standards have been followed, subject to any
departures disclosed and explained in the financial slalements",
Prepare the financial statements on the going concem basis unless it is inapprop
presume that the charity will continue in business_
The TrusteÈs are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to Ènsure
that the financial statements comply with the Chanties and Trustee Investment {Scotland} Act
2005. the Charities Accounts Iscotlandl Regulations 20C6 {as amended) and the provisions of the
charity's constitution. They are also responsible for safeguarding the assets of the charty and
hence for taking reasonable steps for the prevention and detection of fraud and other irregul rities.
aterial
ate to
Approved by the Trustees on
a8",qy
2025 and signed on their bèhalf by.

Mrs ABC Campbell's Charitable Trust
Independent Examiner's Report to the Trustees
For the year to 12 March 2025
I report on the Accounls of the Charity for the year ended 12 March 2025 which are set
pages 6 10 11.
out on
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance
ith the
terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities A¢counts
(Scolland} Regulations 2006 las amended). The charity's trustees consider that the audit
requirement of Regulation 1011)lal lo Ic} of the 20[￿ Accounts Regulations does not apply. It is my
responsibility to examine the accounts as required under section 44(1 Ilcl of the Act and
state
whether particular matters have come to my attention.
Basis of independent examinerfs statement
My examination was carried out in accordan￿ with Regulation 11 of the 2006 A
ounls
Regulations. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. 11 also include5 consideration of any
unusual items or disGlosures in the accounts and seeking explanations from you as thjstees
concerning any such matters. The procedures undertaken do nol piovide all the evidence that
would be required in an audit. and consequently I do not express an audit opinion on tlp view
given by the aGCOLSnts.
Independent examiner's statement
In the course of my examination, no matter has come lo my attention-
111 which gives me reasonable cause to believe that, in any material resrkct. the requirements..
lo keep accounting records in accordan￿ with Section 44{1){al of the 2005
Regulation 4 of the 2006 Accounts Regulations. and
t and
to prepare accounts which accord with the accounting records and comply with Regulation
8 of the 2006 Accounts Regulations
have not been met. or
121 to which, in my opinion. attention should be drawn in order to enable a proper understan
the accounts lo be reached.
ing of
Gic.s- l ilAcKerrel' BJrrc'iis LITI Le.
14 Rutland Square
Edinburgh
EH1 2BD
OZ
2Q25

MRS ABC CAMPBELL'S CHARITABLE TRUST
Statement of Flnanclal Actovlties
Including Income and Expendlture Account
For the year onded 12 March 2025
Unrestrtcted Funds
General Oeslgnate(I
Total
2025
2025
2025
Total
2024
Notes
Income from..
Investments
35,
35,306
3,746
Totsl Incom¥
35,306
35,306
3,748
endlture on:
Rai51ng funds.. investment management fees
Charitable 8Ctivilies
11.C61
1,845
11,061
38,690
10.562
9,600
36.845
Totsl expendl¢ur•
36.845
12,9C
49.751
0.162
Net lexpendllurevlncome and net moverntrnt In
funds b¢lor¢ galnj and Ilossesl gn Investments
11,539
112,9061
114,4451
16,4141
Other roto
nlsed alns and 198808
Realised gainslllossesl on disposal of Investsnents
Unr&alised gainslllosseyl on Investment5
4.517
14,048
4,517
14,048
442
7,486
18,565
18,565
7,926
Net movèment In lund$
11,5391
5.659
4,120
1,514
Totsl funds brought forward
35,854
1, 199,359
1,235,213
3.699
Total fund# earrfed lorward
34,315
1,20S,018
1,239,333
1.2Y5,213
No ITVSt actiwties were acquired or discontsnued during either of the two years.
The Noies on Pages 8 lo 11 form part of ihese Financial Stalernenls.

MRS ABC CAMPBELL'S CHARITABLE TRUST
Balance ShȢt
As at 12 March 2025
General
2025
Deslgnated
2025
Total lund8
2025
024
Notes
Flxed assols
Investrnenls
1.216.185
1.216,185
1.194
64
Current assets
Dgbtors - d¢crued Income
Cash hold by Lindsays LLP
Ralhbones dp.pDsil accounl
5.250
25,911
4.999
48
24
77
11Q,265)
21,
5.942
36.160
19,32?)
26,838
44,
49
Crodltors: Affloullts fallln
ono
dye within
Accruals
1.845
1,845
3.690
00
Nel Current asS8tsl
34,315
111.1671
23,148
40,
Net assets
34,315
1,205,018
1,239,333
1.23S,113
Total Chaill Funds
Uniestricled funds
34,315
1,205,018
1.239.333
1.235,
13
The Notes on Pages 8 10 11 f￿M p8rt ol these Financial Stalements.

Mrs ABC Campbell's Charitable Trust
Notes to the Accounts
For year ended 12 March 2025
Princi
al Accountin
Policies
lal
Basis of preparation and assessment of going concern
The accounts (financial slalemenlsl have been prepared under the histori￿1 cost co
venlion
with items recognised al cost or transaction value unless otherwise slated in the relev
nl note
lo these accounts and in accordan￿ with the Statement of Recommended
raclice..
Accounting and Reporting by Charities preparing their accounts in accordance
ilh the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (Eecond
edition
October 20191, the Charities and Trustee Investment (Scollandl Act 2005 nd the
Charities Accounts Iscollandl Regulations 2006 las amendedl.
The Trust conslitules a public benefil entity as defined by FRS102_
The Trustees consider there are no material uncertainties about the Trust's ability lo &nt'
Inue
as a going con￿r￿
Ibl
Financial reporting standard 102- reduced disclosure exemptions
The charity has taken advantage ol the following disclosure exemption in preparin
accounts, a5 permitted by the Financial ReFX)rting Stsndard appli￿ble in the United
and Republic of Ireland IFRS1021".
the requirements of Section 7 Statement of Cash Flows
these
ngdom
Icl
Funds Structure
All of the Charity's funds are tjnrestn'cted., the Trustees have chosen lo designate th
funds of the charity to more clearfy identify the income available for distribution.
Charity's funds are available to be used in furtherance of the charitable objects.
capital
of the
Idl
Income Recognition
All Income Is recognised once the chanty has entsllement lo the income. il is probable
income will be received and the amount of income receivable can be measured reliabl
al the
Interest on funds held on deposit is included when receivable and the amount Èan be
measured reliably by the charity" this is normally upon nolificalion or the interest Paid or
payable by the bank. Dividends awe recognised once the dividend has been declafyd and
notification has been receTved of the dividend due.
(el
Expenditure recognition
Liabilities are recognised as expenditure as soon as there Is a legal or conslruclive o
committing the charity to that expenditure, it is probable that sewement will be requi
the amount of the obligation can be measured reliably.
igalion
dand
All expenditure is accounted for on an accruals basis. All expense5 including suppo
and governance costs are all(￿ated or apportioned to the applicable expenditure he
For mole information oll this atAn"bulion refer lo note lil below.
costs
dings.
Donations payable are payments made lo third parties in the furtherance of the ch•rilable
objects of the Trust All donations made by the Trust are unconditional and recogni5e
when
the TrLJStees inform the recipienl of the donation.
ifj
Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which Il was incurred
Costs of raising funds
The costs of raising funds con51St of investment management costs.

Igl
Charitable activities
Costs of charitable activities include donations payable, sijpport and governance
shown In note 4.
sls as
Ihl
Support and governance costs
Support costs have been allocated be￿een governance costs and other suppo
Governance costs comprise all costs involving the public accountability of the chari
compliance with regulation and good prac11￿. These costs include costs rel
independent examination and an apportionment of overhead and support costs. Gov
costs and support cos15 relating lo charitable activities have been apportioned be￿e
based on an estimate by the Trustees. The allocation o15UPPOrt and governance
analysed in note 4.
costs.
and ils
led lo
rnance
funds
osls is
Flxed asset Investments
Investments are a form of basic financial instrument and are initially recogni5ed
I their
transaction value and subsequently measured at their fair value as al the balance sh
I dale
using the closing quoted market Pfiee. The slalemenl of financial activities includes Ihe nel
gains and losse5 arising on revaluation and disposals throughout the year The Trust dbes not
acquire pul options, derivatives or other complex financial Instruments The main brm of
financial risk faced by the chanty is that of volatility in equity markets and investment markets
due lo wider economic conditions, the attitude of inveslors lo investment risk, and cha
ges in
senlirnenl concerning equities and within particular sectors or sub sectors.
Reallsed gains and losses
All gains and losses are taken to the Stalernent of Financial Activities as they arise. R
gains and losses on investments are calculated as the difference between sales pr
and their opening carrying value or their purchase value if acquired subsequent lo the
of the financial year. Unrealised gains and losses are calculated as the difference
the fair value at the year end and their carrying value.
alised
ceeds
sl day
tween
Ikl
Cash and Cash equlvalents
Cash and cash equiva5enls are rep￿sented by cash in hand, deposits held al c
rinancial inslilulions. and other short-lefm highly liquid investments that mature in n
than three months from the dale of acquisition and that are readily convertible lo
amounts of cash with insignifi¢anl risk ol change in value.
11 with
more
nown

Trustees and Em
ees
The TIu5t has fio ernpWè$ 8nd none olthe Trust￿ re￿Ned Bny rEffluneralion. rK)r￿re any expenses revnbutsed lo
of Ihem, during Ihe CUlFent or Pre￿￿$ ￿al.
Fees lotsifing £1.86012024 £1,860lwptB pahj to Llndsays LLP%¥hose InJst88 company, Llndsays Tn*le8s & EXe￿rtOr5
Llmlled, Is a Tws188.
Income from Investments
General Deslgnatod
2025
2025
Total funds
2025
024
Ar*ing from..
UK InveslTnen15- Li51ed
Inleresl on funds hBk6 by UTrdsay6 LLP aThJ In%*thonl
m8nag8rs
34.428
34.428
715
878
878
033
35.306
748
endlture on charltable activitles
Donatsons
able
The CharilydhJ not underfAke any charilaMe aGliwtyQitecty bul mel rts ch8fli8b￿ purFx)ses through donat￿n¥.
During the yèar charitable donauons ￿re m8de by u￿ Ttustees to the folk￿M￿g organisations."
Generdl Designated
2025
2025
Total funds
2025
024
Edinburgh New Town Church of ScotL*TrJ
S￿lIan¢.5 ¢hurche5 Trusl
Music in Hospilais & Care
RNLI
SAUKf
lo.￿)
10.CkX)
5,CN)O
10.0
10,t)00
15
00
35.1)
26.
ort Costs
Secrelari313nd administr3tron co315
Accounting fees
465
229
465
229
93Q
458
30
35
694
1,388
Governanc8 Costs
Independent examination
Legal fees
1.372
930
465
465
1.151
1,151
2.302
36.845
1.846
38.89)
29,
10

5 Investments
2025
2024
Investments al markÈt valu•
As at 13 March
Additions In period
Disposal in period
Un￿811$ed gainslllos8e51 during year
1,194.264 1,140.328
157,396
47.197
1149,5231 140,7471
14,048
47,486
As al 12 March
1.216,185 1,194.264
All invostrnents were held in the UK
Shar8holdings accounting fof mom Ihan 5% are 8$ follo￿..-
Market Valu8 Market Valuo
2025
2024
202512024
Numb8r
17,350 J P Moroan GWI & Irw
55,000 BBnkets Investrxenl Twst
93.517
62.810
95,252
61.050
6 Anal
2025
Analysis of
Fund
Movements
f harl bl f nds
B•lan¢FJ Incorne Expendltur•
Galn• Fund clf
and
108808
Gen8rAI
35.854 35.306
136.8451
34.315
Dtssignatsd
1,199.359
112.9061
16.565 1.205.018
1.23S.213 35.3C6
149.7511
18.565 1,239,333
2024
Analysis of
Fund
Movement8
all•n￿ Incom Exp•ndlture
G4ln¥ Fund CM
and
lo$$¢•
G8neral
29.gJ6 33.748
I27,￿))
35,854
Designated
1.163.793
112,3621
47.928 1,199,359
1.193.699 33.748
140,1621
47.928 1,235,213