## JOHN HARROW'S MORTIFICATION TRUSTEES’ ANNUAL REPORT AND ACCOUNTS YEAR ENDED 30TH NOVEMBER 2025 CHARITY NO SC 003617 PETERKINS SOLICITORS 100 UNION STREET ABERDEEN AB10 1QR ## JOHN HARROW'S MORTIFICATION ## RECEIPTS and PAYMENTS ACCOUNT for the YEAR to 30th NOVEMBER 2025 **----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |Receipts|Notes|2025|2024| |¢|£| |Investment|Income|-| |Dividends|and|interest|net|2|5,295.28|5,189.30| |Charitable|donations|3,500.00|3,500.00| |Miscellaneous|receipts|-|:| |TOTAL|RECEIPTS|8,795.28|8,689.30| |Payments|2025|2024| |£|£| |Investment|Management|Costs|3|240.00|240.00| |Governance|Costs|4|3,731.85|3,184.29| |Charitable|distributions|5|6,800.00|6,800.00| |TOTAL|PAYMENTS|10,771.85|40,224.29| |Surplus|for|the|Year|(1,976.57)|(1,534.99)| |Realised|Investment|Gains/{Losses)|6|(861.11)|-| |Total|Surplus/(Deficit) for the Year|(2,837.68)|(1,534.99)| **----- End of picture text -----**
All of the above funds are unrestricted ## JOHN HARROW'S MORTIFICATION ## STATEMENT OF BALANCES as at 30th NOVEMBER 2025 ||Notes||2025||2024| |---|---|---|---|---|---| |Fixed Assets -|||£||£| |Investments - (Market Value - £122,394)|6||67,021.19||75,288.85| |CurrentAssets -||£||£|| |Cash at Bank|29,696.91|||31,725.08|| |Capital Cash held by Miller & Co|7,438.08|||31.53|| |Income Cash held by Miller& Co|896.21|||844.61|| |Balance due by Secretaries|-|38,031.20||-|| |Liabilties|||||| |Balance due to Secretaries||:||-|| |Net Current Assets|||38,031.20||32,601.22| |Total Assets less Current Liabilities|||105,052.39||107,890.07| |Funds|||||| |Total funds held at 30th November 2024|||107,890.07||109,425.06| |Surplus/(Deficit) forthe year|||(2,837.68)||(1,534.99)| |Totalfundsheldat30thNovember2025|||105,052.39||107,890.07| Approved by the Trustees and signed on their behalf by:- Trustee & alk 0 **----- Start of picture text -----**
Date 5/5/26
**----- End of picture text -----**
## JOHN HARROW'S MORTIFICATION ## NOTES TO THE ACCOUNT ## For the year to 30th November 2025 ## 1 Accounting Policies The Accounts are set out so as to comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 **----- Start of picture text -----**
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2|Dividends|and|Interest|2025|2024| |£|£| |Net|dividends|and|interest|from|shareholdings|(note|6)|4,754.74|4,485.02| |Bank|deposit|interest|540.54|704.28| |5,295.28|5,189.30| |3|Investment|Management|Costs|2025|2024| |e|£| |Stockbrokers'|portfolio|management|fees|240.00|240.00| |4|Governance|Costs|2025|2024| |£|£|£| |Secretarial|fees|-| |Peterkins,|annual|fee|for|2023/24|3,251.85| |Tawse|&|Partners,|for independent|examination| |of|Accounts|360.00| |Church|Secretaries|120.00| |Auditor|of|Court|-|3,731.85|3,184.29| |5|Charitable|distributions|2025|2024| |£|£|£| |St.|Machar's|Cathedral|3,400.00| |St|Marks'|Parish|Church|3,400.00|6,800.00|6,800.00| |6|Investments|At|30/11/24|At|30/11/25|At|30/11/25| |Market|Net| |Holding|Cost|Holding|Cost|Value|Dividends| |£|£|£|£| |Murray|International|Trust|ple| |Ord.|Shares|(5for1|Share|Split from| |GBP|0.25|shares|to GBP|0.05p|shares)|6100|3,767.31|6100|3,767.31|19,855.50|917.64| |JP|Morgan|Claverhouse|Investment| |Trust|plc|Ord.|Shares|1105|5,484.23|1105|5,484.23|9,304.10|208.84| |JP|Morgan|Global|Growth|&|Income|Trust| |Ord|Shares|of|5p|3230|11,135.19|3230|11,135.19|18,540.20|738.06| |JP|Morgan|US|Equity|Income|Fund|C| |Income|shares|3987.496|4,854.74|3987.496|4,854.74|20,276.42|416.77| |Merchants|Trust|Ord|Shares|of|25p|2120|11,167.41|2120|11,167.41|12,423.20|619.04| |Carry forward|36,408.88|36,408.88|80,399.42|2,900.35| **----- End of picture text -----**
||NOTES TOACCOUNT|NOTES TOACCOUNT|(Contd.)||||| |---|---|---|---|---|---|---|---| |6 Investments (Contd.)||At 30/11/24||At 30/11/25||At. 30/11/25|| |||||||Market|Net| |||Holding|Cost|Holding|Cost|Value|Dividends| ||||£||£|£|£| |Brought forward|||36,408.88||36,408.88|80,399.42|2,900.35| |Aegon Sterling Corporate Bond B Fund|||||||| |Income Shares (now Kames Capital|Sterling||||||| |Corp BondA Ret! Distribution Units)||19691.5663|5,595.96|19691.5663|5,595.96|5,986.24|227.89| |JupiterUK (formerly Merian UK)|||||||| |Mid. Cap. Fund Units||5441.352|3,926.08|5441.352|3,926.08|10,791.29|229.63| |M&G Charibond Income Shares||6833.243|8,267.66||||| |BNY Mellon Newton Asian Income Fund Units||3703|4,854.96|3703|4,854.96|9,030.51|297.60| |Henderson Preference & Bond Fund|A shares|8487.41|5,109.61|9587|5,109.61|4,106.21|222.78| |Dunedin Income Growth Investment|Trust||||||| |Ordinaryshares of 25p||4000|11,125.70|4000|11,125.70|12,080.00|610.00| ||||75,288.85||67,021.19|122,393.67|4,488.25| |Dividends on shares already sold|||||||266.49| ||||||||4,754.74| |Investment Additions and Disposals|||||||| |Additions||||||E|| |||||||0.00|| |||||Cost|Proceeds|Gain (Loss)|| |Disposals||||||on sale|| |||||£|£|£|| |M&G Charibond Income Shares||||8,267.66|7,406.55|(861.11)|| |||||8,267.66|7,406.55|(861.11)|| ## OSC John Harrow's Mortification Office of the Scottish Charity Regulator ## $C003617 |Office of theof thethe Scottish Charity RegulatorCharity RegulatorRegulator|||||||| |---|---|---|---|---|---|---|---| ||||Receipts|and payments accounts|||| |||Fortheperted|||"onTTseeJ] vo(a oere
es**|**||||| |Section A Statement of receipts and payments|||||||| |||Unrestricted
funds|Restricted
funds|See
endowment
funds|ge Ll
endowment
funds|Totalfunds
.
current period|Totalfunds last
.
period| |||to nearest £|to nearest £|to nearest £|to nearest £|to nearest £|to nearest £| |Ai Receipts|||||||| |Donations
|
Legacies=
|||C8500
Cd|||||—ss00]{
a||3.500| |Receipts fromfundraising activities PY
Grosstradingreceipts
|||||||al PF
||| |land and buildings|||||||| |Rentsfromland&buildings||Das|||||||| |activities|||||||| |At Sub total||8,795||||8,795|8,689| |A2 Receipts from asset &|||||||| |investment sales|||||||| |Proceedsfromsaleoffixedassets|||||||Be =e|| |Proceeds from sale of investments|||||||| |A2Sub total||||||[7,407]|| |A3 Payments|||||||| |fvesmentmanagementenels [aaa|
Payments relating directly tocharitableP|
activities
6,800
Gremaiescawe
T||||||a0[ae
(a a
6,800
6,00
||| |eC||ar||||[asa||| |A3Sub total||10,772||||10,772|||__10,224|| |A4 Payments relating to asset and|||||||| |investment movements|||||||| |Purchases of fixedassets
Purchase ofinvestments|PF
Fs||||||| |AaSubtotal|||||||| Page 5 **----- Start of picture text -----**
APPENDIX 2 coe .
John Harrow's Mortification $C003617
Section B Statement of balances
har 5 hela Unrestiictod Restricted tunds Expendabteendowmentfunds endowmentPermanentfunds Total currente Tatal last period
to nearest £ to nearest £ to nearest £ to neerest £ to nearest £ to nearest £
B1 Cash funds Cash and bank balances at start af year | 32.0 | | 32,569] | 4104]
Surplus / (deficit) shown en receipts and
payments account
{Agree balances with receipts and payments
account(#})
Fund to which asset belongs Market valuation Last year
=APTAME
to nearest £ to nearest £
i = —= =
Details Fund to which asset belongs Cost (If available) Currentavailable)vatue (if Last year
to nearest E to nearest £ to nearest £
- = —
Total
Details Fund to which liability relates Amount due Last year
to nearest £ to nearest £
i — ——
Total
Details Fund to which liability relates iecieeall Last year
to nearest £ to nearest £
— — ———
Total
Signed by one or two trustees Date of
on behalf of all the trustees Signature Print Name approval
So
a |eePage 6 |
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R&P Template 2025 / Statement of balances 1 December 2007 APPENDIX 2 ; cee John Harrow's Mortification $C003617 ## Section C Notes to the Accounts C1 Nature and purpose of funds (may be stated on analysis of funds worksheets} Trust fund created in 1793 for the relief of poverty in the Parishes of St Machar and St Marks, Aberdeen ## C2 Grants **----- Start of picture text -----**
Type of activityss or project. supported Individualinstitution/ Numberaati of grants £
St Machar Cathedral | |3,400
DevanaSt MarksParish ParishChurch Church now incorporated with anInstitution | gaa
Total 6,800
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C3a Trustee remuneration If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b) Authority under which paid C3b Trustee remuneration - details ## C4a Trustee expenses If no expenses were paid to any charity trustee during the period then cross this box (otherwise complete section 4b) Number of £ trustees C4b Trustee expenses - details Nature of relationshi Nature of transaction Transaction Balance amount (£) outstanding at period end (£) C5 Transactions with trustees and connected persons _ Ce Page 7 R&P Template 2025 / Notes 1 December December 20107 ## JOHN HARROW’S MORTIFICATION — SC003617 ## ANNUAL REPORT ## YEAR ENDED 30° NOVEMBER 2025 ## Trustees The Minister of St. Machar’s Cathedral, Old Aberdeen — Rev. Sarah Brown appointed. The Minister of Devana Parish Church (now incorporating St Mark’s Church), Aberdeen — Interim Moderator. ## Solicitors & Secretaries Messrs Peterkins, 100 Union Street, Aberdeen AB10 1QR ## Bankers Bank of Scotland, Upperkirkgate, Aberdeen ## Stockbrokers and investment Managers Miller & Co, Queens Road, Aberdeen ## Independent Examiners Tawse & Partners, 18 North Silver Street, Aberdeen, AB10 1JU ## Structure, Governance and Management The Trust was created by a Deed of Settlement and Mortification by John Harrow, Wigmaker in Aberdeen, dated 1% February 1793 and recorded in the Sheriff Court Books of the County of Aberdeen on 13" January 1852. The Trust is a registered charity in Scotland and does not actively fundraise. The Trustees are the Ministers of St. Machar’s Cathedral, Old Aberdeen and St Mark’s Church, Aberdeen, ex officio. The Trust portfolio is managed on a discretionary basis by Miller & Co, Stockbrokers, Queens Road, Aberdeen. The capital is invested largely in stocks and shares. The Trust portfolio is monitored by the Stockbrokers who provide regular reports and valuations for the Trustees. ## Trust Purposes and Objects In the aforementioned Deed of Settlement and Mortification, the objects of the Trust are stated to be the relief of poverty in the Parishes of St. Machar and St Mark’s, Aberdeen and distributions are made annually at Christmas under the directions of the Trustees amongst the indigent poor of the Parishes of St. Machar and St Mark’s. The Trustees have powers to invest the Trust Fund in any manner which they think fit and to pay or apply the net income ofthe Trust Fund and any part of the capital[in] their absolute discretion in furtherance of the objects of the Trust. ## Trust Activities The Trustees meet annually in December to approve the annual Trust Accounts and to decide upon the annual Christmas distribution. The amount paid by said distributions in December 2025 amounted to £6,800. The distributions in December 2024 amounted to £6,800. ## Reserves The reserves at the year-end totalled £105,052.39 (£107,890.07 in 2024) and represent both the capital and revenue balances. ## Approved by the Trustees and signed on their behalf by: Rev Sarah Brown, Trustee Sar A— Date STR ## APPENDIX 3 Office of the Scottish Charity Regulator Independent examiner's report on the accounts Report tothe Charity name trustees/members of John Harrow’s Mortification Registered charity SC003617 number On the accounts of the Period start date Period end date charity for the period Day Month Year Day Month Year 01 12 24 to 30 11 25 ber to include th Respective The charity's trustees are responsible for the preparation of the accounts in accordance responsibilities Of with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the trustees and examiner Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention. Basis of independent = My examination is carried out in accordance with Regulation 11 of the Charities examiner's statement Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, | do not express an audit opinion on the accounts. independent examiner’s In the course of my examination, no matter has come to my attention fetherthanthat statement disclosedonthe attached page") 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 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and * to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper Signed: understanding of the accounts to be reached. Name: George BrownartyQe Date: S-S-Llo Relevant professional qualification(s) or body chartered Accountant (if any): Address: Tawse & Partners 18 North Silver Street Aberdeen AB10O 1JU meeellowing deletepage. the words in the brackets if they do not apply. If the words do apply, set out those matters which have come to your attention on the