APPENDIX 1
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Office of the Scottish Charity Regulator eRerPe ||
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Reference and administration details
Charity name Gamma Trust Other names charity is known by Registered charity number $C004330 Charity’s principal address FORVIS MAZARS LLP 100 QUEEN STREET GLASGOW
Names of the charity trustees on date of approval of Trustees’ Annual Report
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Name of person
Trustee name lb Tet eae ear (OF body) entitled to
any yea appoint trustee (if any)
1. Director Forvis Mazars Trust Corporation Ltd
2 fF Director Forvis Mazars Trust Corporation Ltd
3 Po Director Forvis Mazars Trust Corporation Ltd
( Director From 4 April 2025 Forvis Mazars Trust Corporation Ltd
5 Director From 4 April 2025 Forvis Mazars Trust Corporation Ltd
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APPENDIX 1
Reference and administration details
Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)
Name Dates acted if not for whole year Philip Andrew Verity Resigned 4 April 2025 Structure, governance and management Type of governing document The trust was established under Trust Disposition and Settlement dated 30 May 1961 and registered in the Books of Council and Session on 2 June 1965. Trustee recruitment and appointment New Trustees are appointed by the existing Trustees. Their duties will be explained in full and they will also be given a copy of the accounts and OSCR Guidance for Charity Trustees.
2
APPENDIX 1
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Objectives and activities
Charitable purposes
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The objectives of the trust are: 1) To give donations, subscriptions, or grants to or on behalf of such Christian churches of any denomination working at home or abroad or the congregations thereof as the trustee may select, including Christian missionary organisations, whether affiliated with Churches or working independently. 2) To give donations, subscriptions, or grants to or on behalf of any institution, society or organisation registered in Great Britain as a charity or any other charitable institutions, societies, or organisations. 3) To give donations, subscriptions or grants to or on behalf of such hospitals, infirmaries, nursing homes or other places, institutions or bodies of persons whose principal object is the alleviation of human suffering arising in childbirth or due to somatic, mental or psychological disabilities or diseases or whose principal objects include the prevention or cure of such diseases or of addictions to alcohol or habit-forming drugs or of the ill-effects or ionising radiation of any sort, provided always that the recipients thereof shall not be operating for profit or under the control of the government of any county or the council of any country, burgh or municipality or any board or committee formed. 4) To give aid to or on behalf of such persons as the trustees may deem to be deserving, and particularly but without prejudice to the foregoing generality in giving aid towards the further education of persons of any age whose means would not otherwise allow interruption or postponement of gainful employment, and that by giving donations, allowances, grants, bursaries, outfits or other aid for such purpose or purposes as the trustees may in their sole discretion think fit. 5) To give donations, subscriptions or grants to or on behalf of any institutions, societies, organisations for bodies or persons which in the opinion of the trustees are likely to promote without profit the study, preservation or public display of Scottish architecture, works of art or objects illustrating the culture of customs of Scotland or the study or recording of the Scottish history, languages, archaeology, old buildings or monuments, provided that it is the intention of the recipient of any such aid to publish openly the results of such study or recording in English and, where appropriate, in Gaelic. 6) To give donations, subscriptions, or grants to or on behalf of public funds or organisations promoted for the relief of sufferers through war or national or local disaster or for the relief of refugees. 7) To give donations, subscriptions or grants to or on behalf of universities, technical colleges, institutions, societies, organisations or bodies of persons which in the opinion of the trustees are likely to promote the carrying out of scientific or medical research or particularly research in physics or engineering or subjects simultaneously allied to both of these latter subjects including donations, subscriptions or grants to enable such bodies or persons to promote or assist work designed to carry the results of scientific research into the field of technology, provided always that it is the intention of such body of persons receiving aid to publish the results of such research for work in English and that such body of persons shall not be operating for profit or under the control of the government of any country or the council of any country, burgh or municipality or any board or committee formed. Declaring that the power of selection of the beneficiaries and objects from amongst the classes above enumerated shall be wholly vested in the trustees, whose discretion shall be absolute and unqualified and who may allocate the said income amongst the said classes of beneficiaries and objects or all or some of them in such proportions and manner as they think right from time to time, and that such discretionary power shall not be deemed to be limited to beneficiaries and objects in any particular locality or country. 8) The trustees are specifically requested to exercise the foregoing power of selection to consider favorably persons, who are resident in Scotland or are of Scottish extraction, discharged prisoners and seafaring persons, whether in training, service or retirement, and in either of the latter two cases wheresoever resident and of whatever nationality and institutions, societies, organisations or bodies of persons which in the opinion of the trustees are likely to promote the assistance of such persons. The trustees are empowered to enter into deeds of covenant or other obligations for payment of donations, subscriptions or grants to any one or more beneficiaries of this trust and that for such amounts and for such periods as the trustees may resolve.
3
APPENDIX 1
Summary of the main activities The trustees have power to invest in such stocks, shares, investments and in relation to these objects property in the United Kingdom or abroad as they in their sole discretion think fit. The trustees are advised on investment matters by Investec Wealth & investments whose objective is to achieve a balance between income and capital growth subject to a medium level of risk. The trust will therefore make donations out of income.
Achievements and performance Summary of the main achievements The trust made donations of £60,015 (2024: £98,375) during the year. of the charity during the financial period The investments of the trust have a market value of £1,558,811 (2024: £1,649,123). The Trust will make donations in the future out of income. Financial review Brief statement of the charity’s policy |§ The endowment fund is an unrestricted fund represented by a share on reserves portfolio and cash. It is the policy of the Trustees to make distributions from the annual income of the Trust and it is anticipated that any surplus income at close of the account would be distributed in the following year. Details of any deficit aBe
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APPENDIX 1
Other optional information
Declaration
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The trustees declare that they have approved the trustees’ report above.
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Signed on behalf of the charity’s trustees
Signature(s)
Position (e.g. Chair) Director
Date 05-Jan-2026
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APPENDIX2
$C004330
Gamma Trust
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Receipts and payments accounts
|startdate_Period
ScottishheeCharity Regulator For theromperiod | [Gay JT won JT year to (ax JT wont Tear
Section A Statement of receipts and payments
Unrestricted Restricted Expendable Permanent Total funds Total funds last
funds funds endowmentfunds endowmentfunds current period period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
A1 Receipts
Donations | ee
legacies | a
Grants | ee
Receipts from fundraising activites || a |
GrossIncome trading receiptsfrom investments other than | a |
land and buildings 54,127 54,127 52,272
Gross receipts from other charitable
activities
41 Sub tota 54,127 54,127 52,272
A2 Receipts from asset &
investment sales
Proceeds from sale offixed assets | [|] | ee
Proceeds from sale of investments |=| 360,943 360,943 254,879
A2ZSubtotal| —-| 360,943 360,943 254,879
Total receipts 54,127 [| [-] 360,943 415,070 307,151
A3 Payments
Payments relating directly to charitable
activities 10,236 9,600
[Grants and donations | 60,015 | P60,
| |
Soremancecoas 015| 98,375
a | a |
ee a) es 4,800
A3 Subtotal] 60,015| 34,883 94,898 138,147
A4 Payments relating to asset and
investment movements
A4Subtotall =| 330,811 330,811 184,469
AB Transfers to | (from) funds || |
Surplus / (deficit) for year
5,423
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APPENDIX2 Gamma Trust
$C004330
Section B Statement of balances
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- Expendable Permanent
t Unrestricted Restricted funds endowment endowment Total current Total last
funds funds funds Period pe
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest£
Surplus / (deficit) shown on receipts and
payments account (5,423) (5,216) (10,639)
Cash and ben bales tend tye | SSIS vaa89
(Agree balances with receipts and payments
account(s))
Detailsetails Fund to which asset belongs Market valuation Last year
to nearest £ to nearest£
B2 Investments Investec Portfolio Permanent endowment 1,558,811] [1,649,123
Total ED |MZ
Details Fund to which asset belongs Cost (if available) able) Last year
to nearest £ to nearest £ to nearest£
- = =
Total
Details Fund to which liability relates Amount due Last year
B4 Liabilities reependent Examination Fee 2024 eeto nearest £ | to nearest£
independent Examination Fee 2025 |
a |ft
Fs Maras Adm os [Faiaendoent
Permanent endowment | [3.900] [7.500
Details Fund to which liability relates vctinate) Last year
to nearest £ to nearest£
— — —
Total
onSignedbehalfbyof oneallorthetwo trusteestrustees. Signature Print Name approvalDate of
| — hhh —
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20251219Gamma Trust - R&P 2425 account / Statement of balances
2
December 2007
APPENDIX2
Gamma Trust
$C004330
C1 Nature and purpose of The endownment fund is an unrestricted capital fund represented by a portfolio of investments and cash. The funds (may be stated on trustees have power to draw upon the fund in furtherance of the trusts objectives whilst retaining sufficient undistributed income and any grants are made from this fund. analysis offunds worksheets) : to meet any commitments they may undertake. the unrestricted fund is an income fund made from Type of activity or project supported soit Number or oranss C2 Grants institution||— a], institutioninstitution||||—a].a|—.360858 institutioninstitution||a]as || —a|—— 1,858 institution||a] institution| |__|. institution| |__|. institutioninstitutioninstitution||||3],a].38603860 | |__| institution|| — a], 858 institutioninstitutioninstitution||||a], — a],885855 institutioninstitution|||||,||__—a|__——,a}.8583860 institutioninstitution||||a].a|———.3603860 institutioninstitution||||a]— a]..960858 institution||g|——895 institutioninstitution|| — a],360 institution| ||,885) institution| ||.858 | || institution||sg]. institutioninstitution| ||.8858 || a] —.360 institution_||— ig] i[institution] louamiers 1.8858) RNs institutioninstitutioninstitution||||||aa]. ] .,38603060 || — a], 980 institutioninstitution||a}.380 | ||. institution| ||. institution|| a] _—.360 institutioninstitution||a].655 institution||||__|,a]885) institution||Sa],Total] 60,0153860 a trustee cross this box (otherwise complete section 3b)
20251219 - Gamma Trust - R&P 2425 account / Notes
3
December 2007
APPENDIX 2
| APPENDIX 2 | ||||||
|---|---|---|---|---|---|---|
| Authority | underwhich paid | £ | ||||
| C3bTrusteeremuneration - details |
ForvisMazars astrustee |
5118 a |
||||
| C4aTrustee expenses | Ifnoexpenses were paid to any charitytrustee during the period then cross this box | |||||
| (otherwise complete section 4b) | ||||||
| Numberof | £ | |||||
| trustees | ||||||
| C4bTrusteeexpenses - | ||||||
| details | ||||||
| Transaction | Balance | |||||
| amount (£) | outstanding | at | ||||
| Nature of relationship | Nature of transaction | period end | (£ | |||
| and connected persons | PY | ; _ [charitabteactivities |
i | |||
| Pd | a, | |||||
| _ | BC |
20251219 - Gamma Trust - R&P 2425 account / Notes
4
December 2007
APPENDIX 2
$C004330
Gamma Trust
Additional analysis (1)
Analysis of receipts and payments
1 Donations
| 1 Donations | |||||||
|---|---|---|---|---|---|---|---|
| . Dneestricted to nearest £ |
Restrictedfunds to nearest £ |
Expendable endowment funds to nearest £ |
Permanent endowment funds to neare t £ |
Total“_ Pet to nearest £ |
Totallastperiod to nearest£ |
||
| Total | ==== | ||||||
| 2 Grants | |||||||
| . Unrestricted to nearest £ |
Restrictedfunds to nearest £ |
Expendable endowment funds to neare t £ |
Permanent endowment funds to nearest £ |
Totalment Pe to n arest £ |
Total lastperiod to nearest£ |
||
| Total | ==== | ||||||
| 3 Gross receipts from other charitable activities | |||||||
| . Snvestricted to nearest £ |
Restrictedfunds to nearest £ |
Expendable endowment funds to nearest £ |
Permanent endowment funds to neare t £ |
Totalon pe to n arest £ |
Totallastperiod to nearest£ |
||
| Total | ==== | ||||||
| 4 Payments relating | directlyto charitable activities | ||||||
| . Unrestricted to nearest £ |
Restrictedfunds to nearest £ |
Expendable endowment funds to nearest £ |
Permanent endowment funds to neare t £ |
Totalcurent pe to n arest £ |
Totallastperiod to nearest£ |
||
| Professionaladminfees | [10,236] | [70238 |
4 Payments relating directly to charitable activities
20251219 - Gamma Trust - R&P 2425 accountAdditional notes (1)
December 2007
APPENDIX 2
$C004330
Additional analysis (2)
| 5 Breakdown of unrestricted funds | |||
|---|---|---|---|
| Unrestricted funds |
Expendible endownment |
Total Total unrestricted unrestricted |
|
| funds funds lastperiod |
|||
| Receipts | |||
| Receipts fromfundraising activities Grosstrading receipts Income from investments other than land and buildings’ Rentsfromland&buidings Grossreceipts Fom other charitable activites Sub total |
|||
| Receipts from asset & investment sales | |||
| Proceeds from sale offixed assets | |||
| Proceeds from sale of investments | |||
| Sub total | |||
| Payments | |||
| Expenses forfundraising activities |
Grosstrading payments |
Paymentsrelatingdirectlytocharitable activites |
|
| Payments relating to assetand investment | |||
| movements | |||
| Purchases offixed assets | |||
| Sub total | |||
| oo and purpose offunds |
20251219 - Gamma Trust - R&P 2425 accountAdditional notes (2)
December 2007
APPENDIX 2
$C004330
Gamma Trust
Additional analysis (3)
| 6 Breakdown of restricted funds | ||
|---|---|---|
| permanent | Total restricted Total restricted |
|
| endowment funds |
funds funds last period |
|
| Receipts | ||
| Receiptsfromfundraising activities Grosstrading receipts Incomefrominvestmentsotherthanlandandbuildings Rentsfromland&buildings Gross receipts fromother charitable activities Subtoral |
a | |
| Receipts from asset & investment sales | ||
| Proceedsfromsaleoffixedassets Proceedsfromsaleofinvestments Subwora! |
/ |
__-360,943 |
| Payments Expensesforfundraising activities Grosstradingpayments |
__ ___ 1,029 |
——) ee |
| Paymentsrelating directly tocharitable activities |
40,236 |
|
| Sub total | 34,883 | 39,772 |
| Payments relating to asset and investment | ||
| movements | ||
| Purchasesoffixedassets Subtotal |
[ | [330,814 |
| a and purpose offunds |
20251219 - Gamma Trust - R&P 2425 accountAdditional notes (3)
December 2007
APPENDIX 3
Scottish Charity Regulator
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| Independent examiner’s report onthe accounts «
Report to the Charity name
trustees/members of Gamma Trust
Registered charity $SC004330
number
On the accounts of the Period start date Period end date
charity for the period | Day ___ Month | Year | | Day | Month | Year
06 April 2024 to 05 April 2025
[RT
setoatonpases 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 (as amended). The charity trustees
consider that the audit requirement of Regulation 10(1) (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 2006 Accounts
examiner’s statement Regulations. 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 view given by the accounts.
Independent examiner’s In the course of my my examination, no matter has come to my attention [other than that
statement disclosed on the 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
understanding of the accounts to be reached.
Signed: Date: 05-Jan-2026
Name:
Relevant professional
qualification(s) or body chartered Accountant
(if any):
-a
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Independent examiner’s In the course of my my examination, no matter has come to my attention [other than that statement disclosed on the attached page*]
*Please delete 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 following page.
APPENDIX 3
Disclosure section
Only complete if the examiner needs to highlight material problems.
Give here brief details of any items that the examiner wishes to disclose