OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Mrs M A Black Charitable Trust

2025-11-30-accounts

Docusign Envelope ID: 1B4F7DCB-99C7-4B44-8337-6A8680A48637

Charity Registration No. SC006507 (Scotland)

MRS MA BLACK'S CHARITABLE TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

—_

Docusign

: 1B4F7DCB-99C7-4B44-8337-6A8680A48637

A BLACK'S CHAR

AND ADMINISTRATI

==> picture [74 x 39] intentionally omitted <==

----- Start of picture text -----
mber (Scotland)
address
----- End of picture text -----

TRUST

MATION

==> picture [66 x 111] intentionally omitted <==

----- Start of picture text -----
th Murray LLP
eet
urie
y Business Park
----- End of picture text -----

cotland quare

urray LLP eet

t advisors

nvestment Management Ltd treet

Docusign

CB-99C7-4B44-8337-6A8680A48637

LACK'S CHARITABLE TRUST

es' report

endent examiner's report

Statement of financial activities

Balance Sheet

Notes to the financial statements

10

Docusign Envelope ID: 1B4F7DCB-99C7-4B44-8337-6A8680A48637

MRS M A BLACK'S CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 30 NOVEMBER 2025

The Trustees present their report and financial statements for the year ended 30 November 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 Charity's Trust Deed, the Charities and Trustee Investment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006 (as amended).

Objectives and activities The Charity's objects are established in its Constitution, and these are; such charitable purposes as the Trustees may determine at their sole discretion.

To these ends, the Charity awards grants to eligible institutions ranging from £250 to £4,000 (exceptionally the Charity may award a greater sum). The grants are intended to help these institutions provide tangible benefits to such beneficiary groups as the Trustees may deem appropriate.

To sustain the Charity's activities, the Trustees maintain an endowment fund, the income from which is used to finance the charity's grant-making activities.

Achievements and performance In this reporting period, the Charity awarded grants to thirty seven institutions worth a total of £316,000 (2024: £55,500 to forty). The grants were awarded to finance such activities as those institutions receiving funds

The value of the Charity's Endowment Fund stood at £39,213 at the end of this reporting period (2024: £295,879). In this reporting period, £255,000 from the Endowment Fund was used to assist with the payment of grants (2024: £25,000) .

Investment management costs chargeable to the Charity's Endowment Fund amounted to £2,144 in this reporting period (2024: £2,478).

Reserves Policy The Charity's reserves at the end of this reporting period stood at £2,356 (2024: £1,383). The Trustees generally seek to apply the whole free income of the Charity, making reasonable provision for professional fees and outlays where appropriate.

-1-

Docusign Envelope ID: 1B4F7DCB-99C7-4B44-8337-6A8680A48637

MRS MA BLACK'S CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

Investment Policy The Trustees have instructed Investec Wealth & Investments UK Ltd, a subsidiary of Rathbones, to manage the Charity's investment funds on a discretionary basis. Rathbones Investment Management Limited acquired Investec Wealth & Investment UK Ltd on 21 September 2023 with full integration on 12 April 2025. The Trustees have advised that they are prepared to accept a medium level of risk. Investec Wealth & Investments UK Ltd are instructed to seek a balanced return between both capital growth and income.

Risk Management The Trustees monitor the performance of each institution supported by the Charity. Where appropriate, the Charity may require institutions that receive grants to provide a copy of their Annual Report and Accounts to facilitate the consideration of support in future years.

The Trustees have considered the risks to which the Charity is exposed. These relate in the main to investment management and have been ameliorated by the employment of an investment manager. Another risk to which the Charity is exposed is fraud. However, the Trustees consider the low level of donations made by the Trust reduces the risk. In addition, at least one of the Trustees will have some knowledge of any chosen charitable body to which a donation is made.

Plans for the Future The Trustees plan to continue to award grants provided sufficient funding remains available.

The Trustees plan to apply to OSCR for approval to dissolve the charity, thereafter to distribute the remaining Trust Fund for charitable purposes. The charity will be dissolved once the Trust Fund has been expended.

==> picture [171 x 39] intentionally omitted <==

----- Start of picture text -----
— and—_
----- End of picture text -----

The Trustees who served during the year and up to the date of signature of the financial statements were:

Trustees are assumed (and resign) with consent of the existing Trustees, under Section 3 of the Trusts (Scotland) Act 1921.

by the Board of Trustees.

-2-

Docusign Envelope ID: 1B4F7DCB-99C7-4B44-8337-6A8680A48637

MRS MA BLACK'S CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF MRS M A BLACK’'S CHARITABLE TRUST

I report on the financial statements of the Charity for the year ended 30 November 2025, which are set out on pages 4 to 10.

Respective responsibilities of Trustees and examiner The Charity’s Trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's Trustees consider that the audit requirement of Regulation 10(1)(d) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

dependent examiner's statement nation is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An n includes a review of the accounting records kept by the charity and a comparison of the financial presented with those records. It also includes consideration of any unusual items or disclosures in the tatements, and seeks explanations from the trustees concerning any such matters. The procedures n do not provide all the evidence that would be required in an audit and consequently I do not express inion on the view given by the financial statements.

t examiner's statement

n with my examination, no matter has come to my attention: 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 financial statements which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations;

on, attention should be drawn in order to enable a proper understanding of the be reached.

y Business Park

ch 2026

-3-

Docusign Envelope ID: 1B4F7DCB-99C7-4B44-8337-6A8680A48637

MRS M A BLACK'S CHARITABLE TRUST

BALANCE SHEET

AS AT 30 NOVEMBER 2025

2025 2024
Notes £ £ £ £
Fixed assets
Investments 12 - 292,758.94
Current assets
Cash atbank and inhand 41,568.68 4,503.01
Net current assets 41,568.68 4,503.01
Total assets less current liabilities 41,568.68 297,261.95
Capital funds
Endowment funds - general 39,212.70 295,878.61
Income funds
Unrestricted funds 2,355.98 1,383.34
41,568.68 297,261.95

02 March 2026

The financial statements were| by theTrustees O11 .........:sssesssesee

Trustee

-5-

'3Q '3W '3_ '3b Q

��  �  �  �   ���� !�"#$�%!%& ~~* +,-./0-+/. +1-./123/-4 5/67 89+4.~~ :;:< :;:= > >

��  �  �  �   ���� !�"#$�%!%& ~~* +,-./,012�,3/.4./.25 6768 6769 : :~~

��  �  �  �   ���� !�"#$�%!%& ~~*+ ,-./0112 34565�7565�89�5:;<9=55>�?@6A8B�C45�=5D6E~~

��  �  �  �   ���� !�"#$�%!%& ~~'( )*+,�-..+/�)01+./2+0/. 30/)04+, (9(: (9(; < <~~

  • =>?@ABC@>BA�DE@FB@E�BGF>�HI�JK�LJEBKJMNJ�OJCLENA@PQ RS�TJMUBNJ>A�VEJWF>�T�=>O 5 7HX7Y8Z88 RF[�\@]@>BUE@�^JELJEFBNJ> 5 7_X`8Z88 RN>a�SU>P�VEJWF>�T�=>O 5 7_XbYZ88 RJJCNA�TFcM@A�dT�efBc�R@FP@E�=F�gOO 5 7_XYhZ88 ~~5iX8jiZ88~~

  • 'k 0-lm.).�3n�0+/�-..+/.�o+/p++0�n40,. 0q+./q)r/+,� 0,3p2+0/ ~~� 3/~~ -l ~~3/-l~~ 40, 40, (9(: (9(: (9(: (9(; < < < <

  • SU>P�]FMF>O@A�FB�j8�sJ?@C]@E�h8hH�FE@� E@LE@A@>B@P�]cQ =>?@ABC@>BA 5 5 5 hYhX_HiZYb ^UEE@>B�FAA@BAtuMNF]NMNBN@Av hXjHHZYi jYXh7hZ_8 b7XHiZi bXH8jZ87 ~~hXjHHZYi jYXh7hZ_8 b7XHiZi hY_Xh`7ZYH~~