Mrs A B C Campbell's Charitable Trust REPORT AND ACCOUNTS For the year ended 12 March 2026 gibson mckerrell burrows gmb chartered accountants and professional business advisers Mrs A B C Campbell's Charitable Trust REPORT AND ACCOUNTS For the year ended 12 March 2026 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 2026 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 2026 Introduction The Trustees present Iheir report and the financial statements of the Charity for the year ended 12 March 2026. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the Accounts and comply with the Charity's Trust Deed, the Charities and Trustee Investment {Scotland} Act 2005, the Charities Accounts {Scotlandl Regulations 2006 {as amended) and Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective 1 January 2019. Ob'ectives Activities and Grant-makin Polic The purpose of the Trust is to make payments for charitable purposes to charitable institutions, societies, foundations or funds as the Trustees in their sole discretion decide. The Trustees hold the funds as specified in the Declaration of Trusl. The expression 'charitable purposes. means a charitable purpose as defined in Section 7 of the Charities & TrLJslee Investment (Scotlandl Act 2005 and which is also regarded as a charitable purpose in relation to the application of the Taxes Acts. Achievements and Performance During the period of these Accounts the Trustees made grants and other charitable donations to five organisations amounting in total to £34,000 12025 - five organisations totalling £35,000). Further details are contained in Note 4 to the Accounts. Financial Review During the period of these Accounts the Trustees made grants as noled above. The investment income received by the Trust during the year amounted to £35,191 12025 £35,306). There was a defiGit before gains and losses on investments of £14,029 (deficit 2025 £14,445) at the year-end as a result of the level of donations made during the year. Realised gains on sales of shares were £15,292 and there were unrealised gains of £161,082 (during the previous year there were realised gains of £4,517 and unrealised gains of £14,048). The total value of the trust funds held as at 12 MarGh 2026 amounted to £1,401,678 {2025 £1,239,333). The Trustees are satisfied that adequate funds were available at the Balance Sheet date lo continue to fulfil the Gharitable objectives of the Trust. Investment olic and erfomiance The Trust's investments are included in the designated Capital Fund. The investment objective of the TrLJslees is to achieve an above average income yield together with growth of income over the long term. To implement that objective, Rathbones manage the investment PDrtfolio on behalf of the Trustees. The value of the portfolio increased from £1,216,185 to £1.366,429 during the period. Risk Mana ement The principal risk faced by the Trust lies in the performance of investments. The Trustees consider variability of investment returns on the capital Idesignaled) fund to constitute the charity's major financial risk. This is mitigated by retaining expert investment managers and having a diversified investment portfolio. The Trustees have directed the investment managers lo manage the funds with a balan￿d mandate between income and capital growth. Reserves Polic The Trustees have chosen lo designate the capital funds held by the Trust, being the original capital of the Trust, adiusled annually for income and fees related to capital and for investment gains and losses, to preserve the income generating capacity of the Trust., they have power to apply the capital and the general funds towards the charitable purposes to such an extent as they may from time to time think fit. At the end of the financial year, the Trustees aim lo hold approximately one year's total expenditure in the general fund. Structure Governance and Mana ement The Charity was formed in 1987. The founding document is a Declaration of Trust by Mrs Campbell dated 12 March 1986 and registered in the Books of Council and Session on 3 April 1987. The Trustees who served during the period of these Accounts are noted below. The Trustees seek to maintain a balance of relevant skills and experience within the trustee body. No changes lo the trustee body are envisaged at the present time but in the event of new trustees being appointed they would be provided with copies of the Trust Deed, Minutes andlor relative correspondence, recent Accounts and OSCR'S Guidance. Appointments are not limited in time. The Trustees have wide investment powers. They are in regular contact in order to review the financial position of the Trust and make decisions on the application of income for charitable purposes. Lindsays Solicitors administer the charity on a day to day basis on behalf of the Trustees. Rathbones are appointed to manage the 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 secretarial and administrative support provided to the Trust. The payment of fees to Lindsays LLP is permitted in terms of the Declaration of Trust and the Trustees have written terms of engagement with Lindsays LLP in regard to those services in compliance with the terms of s67 of the Charities and Trustee Investment {Scotland} Act 2005. Reference and Administrative Infomiation Scottish Charity Number SC003251 Address Caledonian Exchange 19A Canning Street Edinburgh EH3 8HE Trustees Miss Bridget Spurgin Harry l Macadam Lindsays Trustees & Executors Limited Secretaries and Legal Advisers Lindsays LLP Caledonian Exchange 19A Canning Street Edinburgh EH3 8HE Independent Examiner Julian Cordery FCCA FCA CA Gibson McKerrell Burrows Lirnited 28 Rutland Square Edinburgh EH12BW 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 Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotlandl Act 2005, Charities Accounts (Scollandl Regulations 2006 (as amended) and the provisions of the charity's constitution requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial 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 estimates that are reasonable and prudent State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slalements., Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees 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 ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotlandl Regulations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding Ihe assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 2026 and signed on their behalf by.. nsey Kerr, Director Lindsays Trustees & Executors Limited Mrs ABC Campbell's Charitable Trust Independent Examiner's Report to the Trustees For the year to 12 March 2026 I report on the Accounts of the Charity for the year ended 12 March 2026 which are set out on pages6to11. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordan￿ with the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotland) Regulations 2006 las amended). The charity's trustees consider that the audit requirement of Regulation 10(1 Ila) lo (cl of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1 Ilcl of the Act and to state whether particular matters have come to my attenlion. Basis of independent examiner's statement My examination was carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounls presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The pra￿dureS undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. 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{1lla) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply wilh Regulation 8 of the 2006 Accounts Regulations have not been met, or 12) lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Julian Cordery FCCA FCA CA Gibson McKerrell Burrows Limited 28 Rutland Square Edinburgh EH1 2BW 2F /14 k7 2026 MRS ABC CAMPBELL'S CHARITABLE TRUST ststement of Financlal A¢tivltle$ including Income and Expendlture Account For the year ended 12 March 2026 Unrestricted Fund8 General Deslgnated Total 2026 2026 2026 Totsl 2025 Notes Income from= Investments 35,191 35,191 35,306 Total income 35,191 35,191 35,306 Ex enditure on.. Raising funds." investment management fees Chzritable activities 11.440 1,890 11,440 37.780 11,081 38,690 35,890 Totsl expenditure 35.890 13.330 49.220 49,751 Nel lexpenditurellincome and net moveTnent In funds before galns and Ilossesl on investments 16991 113,3301 114,0291 114.4451 Other reco nised ains and losses Realised gainslllossesl on disp0531 of inve51mÈnts Unrealised gainslllossesl on investments 15,292 161,082 15,292 1e1,082 4.517 14,048 176,374 176,374 18,565 Net movement In funds 16991 163,044 162,345 4,120 Total funds brought forward 34,315 1.205.018 1.239.333 1,235,213 Totsl fund5 carried fotward 33,616 1,368,062 1,401,678 1,239,333 No trust activitie5 were acquired or dlscontinued during either of the years. The Notes on Pages 8 to 11 forrn part of these Financi81 Statèments. MRS ABC CAMPBELL'S CHARITABLE TRUST Balance Sheet As at 12 March 2026 General 2026 Designated 2026 Total funds 2026 2025 Notes Fixed assets Investments 1,366.429 1,366,429 1,216,185 Current assets Debtors - accrued income Cash held by Lindsays LLP Ralhbones deposit account 4,373 24,279 6,854 4,373 27,110 7,546 5,250 15,646 5,942 2,831 692 35,506 3.523 39,029 26.838 Creditors.. Amounts fallin one due within Accruals 1,890 1,890 3,780 3,690 Net current assetsl liabilities 33,616 1,633 35,249 23,148 Net assets 33,616 1,368.062 1,401.678 1.239,333 Total Chari Funds Unreslricled funds 33,616 1,368,062 1,401.678 1.239,333 Approved by the Trustees on 2026 and signed on their behalf by Lynsey Kerr, Director, Lindsays Trustees & Executors Limited jts tyJG The Notes on Pages 8 to 11 form part of these Financial Statements. Mrs ABC Campbell's Charitable Trust Notes to the Accounts For year ended 12 March 2026 Princi al Accountin Policies (al Basis of preparation and assessment of going concern The accounts Ifinancial stalernenlsl have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise slated in the relevant note lo these accounts and in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 {Second edition October 20191, the Charities and Trustee Investment (Scollandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 las amended). The Trust constitutes a public benefit entity as defined by FRS102. The Trustees consider there are no material uncertainties about the Trusvs ability to continue as a going concern. Ibl Financial reporting standard 102- reduced disclosure exemptions The charity has taken advantage of the following disclosure exemption in preparing these accounts, as permitted by the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021'. the requirements of Section 7 Statement of Cash Flows {cl Funds Structure All of the Charity's funds are unreslrieted,. the Trustees have chosen to designate the capital funds of the charity to more clearly identify the income available for distribution. All of the Charity's funds are available to be used in furtherance of the charitable objects. Idl Income Recognition All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this Is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. lel Expenditure recognition Liabilities ale recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, il is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note lil below. Donations payable are payments made lo third parties in the furtherance of the charitable objects of the Trust. All donations made by the Trust are unconditional and recognised when the Trustees inform the recipient of the donation. If) Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which il was incurred. Costs of raising funds The costs of raising funds consist of investment management costs. Igl Charitable activities Costs of charitable activities include donations payable, support and governance costs as shown in note 4. Ihl Support and governance costs Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practi￿. These costs include costs related to independent examination and an apporlionmenl of overhead and support costs. Governance costs and support costs relating to charitable activities have been apportioned be￿een funds based on an estimate by the Trustees. The allocation of support and governance costs is analysed in note 4. Fixed asset investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measLJred al their fair value as al the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The Trust does not acquire pul options, derivatives or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due lo wider economic conditions, the attitude of investors to investment risk, and changes in Sentiment concerning equitie5 and within particular sectors or Sub sector5. o'i Realised gains and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their puichase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are ¢al¢ulaled as the difference be￿een the fair value al the year end and their carrying value_ Ikl Cash and Cash equivalents Cash and cash equivalents are represented by cash in hand, deposits held al call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the dale of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Trustees and Em ees The Trust has no Èmployeès and none of th& Trustees received any remuneration, norwere anyexpenses reimbursed lo any of th&m, during the curr&nl or previous year. Fees lotalling £1 86012025 £1.8601 w8re paid to Lindsays LLP whose trustee company. Lindsays Trustees & Executors Limil&d, is a Trustee. Income from inve5tm8nts G8neral Designated Total lunds 2026 2026 2026 2025 Ari5illg from". UK Investments- Lisleil Interest on fuTrd5 held by Llndsays LLP and inv8Stm8nl managers 34,753 34,753 34,428 438 438 878 35,191 35,191 35.306 Ex enditure on ¢haritsble activities Donatlons able The Charity did not undertake any chanlable aGtivity directly bul mel its charitable purposes through donations. During the year charitable donations were Tnade by the Trustees lo th& following organi8alion8.' General 2026 Deslgnated 2026 Total funds 2026 2025 Edlnburgh New Town Church of Scotland Scotland's Churches Trust RNLI SAUKT Mu5iG in Ho$pilaL% & Care 10,DOO 10.000 5.000 5.000 4.000 10,000 10,000 5.000 5,000 4,000 10,000 10.000 5.000 5.000 5,000 34.000 34,000 35,000 ort Cosf5 Secretari31 and admini5tr8tion costs Accounting fees 465 240 465 240 930 480 930 458 705 705 1.410 1,388 Governance Costs Ind&pend8nt examination Leg81 fees 720 465 720 465 1.440 930 1,372 930 1.185 1,185 2,370 2,302 35.890 1,890 37,780 38,690 10 Investments 2026 202S Investments at marketvalue As at 13 March Additions in period Disposal in period un￿alISed gainsll108sesl during year 1,216,185 1,194,264 115,796 157,396 1126,6341 1149,5231 161,082 14,048 A8 at 12 Maich 1,366.429 1,216.185 All investments were held in the UK. Shartholdings accounting for more than 5% are as follow8'.- Market Valuo Market Value 2026 2025 202612025 Number 17.350 J P Morgan Global Growth & Incorne 97,334 93,517 6 Anal 2026 Analysis of Fund Movements sis of charitable fund$ Balanc8 Income Expenditure Galn$ Fund clf and losses blf General 34,315 35,191 135,8901 33,616 Designated 1,205,018 113,3301 176,374 1,368,062 1,239,333 35.191 149,2201 176,374 1,401,678 2025 Analysis of Fund Movernents Batance Income Expenditure Gains and 108ses blf General 35.854 35,306 136,8451 34,315 Designated 1,199,359 112.9081 18.565 1,205,018 1.235,213 35,306 149,7511 18,565 1.239,333