Wllllam cl￿11 Andetsm's Trust
for the y••r to 30th S•ptwnber 1025
Rryrt ty Trustees
[ThJep￿t Examlntr
kccMJnts
r**k￿." 01241872W Fa¥.. 01241871541

William Coull Andergon's Trust
R¢port by trusteu and notes to the accounts tor the year to 30September 2025
D•te/Hannero
Apwntnjent
Res￿￿ 19.03.2025
Assurn￿ 25.11.2CO4
ASSU￿ 16.02.2011
nwj 10.12.2021
As1￿￿ 19.03.2025
19.03.2025
19.03.2025
Ian Fraser Lamb
Mrs Bizabeth (Lizl A Snlth
George Jthn Muir t*JnkJp
Carfa Cargill Ingra
Stuart Irvine
Mrs Leisa Jill Drybjryh
lardfy) Smith
Trustees ¥e r￿Mi[￿ted trp¢ the then eWrs TA￿ets thelr arwirthentconfir￿d ty a fml t*d ofAwrrWon
A4•nts and Admlnlstratorn for the Tntst (and prfndp*F •ddre*B of th• Ch*Sty)
Thorntons LLP, BrrthcÉkbank ArtWQah, Wll IP*.
Th¢vntor6 Investrr*nt M•r•J•rnrt Ltd, Wlxtehall HoJ5e. 33 Slw DDI 48)
Plomlnee Comp•ny:
L8￿hare M)minees Lirnw, ¢¥ s￿h comp•)yès A J W 5￿jrts w app)lrt
Carole Porter FCA Cond* & Co Llmited os Oains lo Abw Pwk PIX4 t*Jnfermllre. KV12 7NZ
ib"5h Ctwrity thj SCtsJ7433
ol Trust tyw511￿M C¢￿1 knder%￿ dtted 13• i%&
"to uulize the Fund bth a5 regards caFitsl and Ir￿￿ gjch tharifth wrrn)ses as 5hdl t￿efft trE Tr￿n and Gbzens ol
Artrmaih either ty Immlng the ar￿l￿e5 Tr*4n or Jssisbr¥J fvrtherarte of the and oJ￿ra1 actwiues of
its Cirws."
"The TrLtst&s sh*1 have to L(t4 Corner of tsE Abroath Putyr ￿brary with pardojlar reference to
the preparaknon keeling cl ge￿091[* aTrJ famity rerrxds akvertainin9 to otizW￿ of the Town of Artfoath and to any
rnuseum whth ffoy be in 0JnjmCtK￿ I￿th ￿ I￿lIa[r￿S cl ￿ 54d Ubrary."
Notes.. Srnest F. Cobbs fwsr- by r￿&￿tiOnS d4ted V t**ntrer. 1993 aNJ 6th january, 1994 the Trustees of Ernest F.
Cotl)'S T￿U￿ resow to transfer a5sers of that Tntst to William Coull Andewn Trust In *rms of the La¥¥ Refemi
Imiscdlaneous Provis￿￿$) Iscotlandl Act I9￿1. Tr Tritstee5 of lthe Willom Coull Tn15t re50fv& to acce0 these
additional funds at a rneetiry on W Lkcembtr 1993. Tr trdrsfer was ak¥*oved ty LcKd ￿¥{tate'S Deparorent in temts
of the1￿￿kn￿ ￿ was effetbve as 19Y.
The Trth5 meet a ye* to a55e55 grant ￿Jrts etc. The ¢Joy-ttrday &mini%tratiopi 15 cwried
out by Thornto￿ Law LLP.
InvestmÈntPoliry
There are no restncbMS in rknj ￿ the to invest. Tr p)Iy 4 lormj term, to ath¥* a r￿uM risk
In￿￿1t 5trotegy. I￿￿11r￿j ￿Ulty in%*5tmerts. to [￿j￿e a aThJ cathi grth¥lh.

William Coull Anderson's T￿￿t
Report by trustees and nrtes to the accou￿ for th• yejrto 30 Sept￿tser 2025 (cont)
Rts* m4naqen￿nt
The truste￿ have ass￿ ￿ mèwr rsks to **ith charity ￿ e¥pJsel in pwb"cuLw rel*"r¥J to 0￿era￿¢￿S
f1Than￿ ol the tru5¢ We s*￿ed that sy&ems are in Flxe to mnhjate exp￿re to risks.
The results for the year are set OL¢ in the #atrnvts cffl F¢ges 5 6
George J M Dunlo

Wllllam Coull Anderson's Tryst
Indep￿dent Examinerfs Report to the Trusteu rf W511iam Coull Anderson's Twst
I rwjrt the accwnts cltr* ctsity for the >wrvthJ 30Sepi*nLv 2025 are ser (NJt on p3ge$ 5 to 8
Tesponslblllbes of tii¥t•es an# ex•mlner
The tNItt￿ we r&kkn5ible for the accoJrt5 in twm5 d the O)aribe5 and T￿5￿2
Tn¥estment Iscodartdl Act 2005 and fv Charities k£curts Ikoyandl Regulatsw5 (as alrendedl. The tnjsiees [L￿￿der
that the audit reQuire￿r* rf Regu￿￿ 10111 Idl cl the kcounts tkns Th)t ath. It is my re5p)nSIb￿Ity to
exanyne the as wuired wder 4411) Icl aTr1 ttl 51* pwb"oJ4¥ mètters have COFrt to my
aitentton.
Baili ol Indewndqnt •xamln4Vs statwrt
My examination 15 carr*d in ￿c￿￿e with regula1x￿ 11 cl c￿lIeS (s￿0t￿l Reg1W¢y￿ 2006.
examinabon Includes a rewew of the acc(yJntlng records kett ty the charity and a COM￿￿50￿ of ts accounts presented w￿h
records. Ii also Indude5 c(m)sthat￿ d ary unusu* rtems (* d￿j￿jweS In ￿ &cwnrs. and seeks exrAarOt￿nS from
the trustee5 c￿￿emIr￿j any maiters. The ￿￿ke￿ th not fft all the emderu that *YJukl be rewlrtsj
In an audiL and COr￿L￿n￿V l th) ThJt exr*ess an •&Jit o￿nkn gl%en ￿ ihe ¥¢ounts.
Independ•nt
It) t￿ cwrse of ry exaTrlnakn, m rnottef has to my thntI￿.
to keep rec(Kds in rKcord4rKe *iih settkjn 44(11 lal d the 21#)5 Actand 4 olthe
2OC6 ￿C￿nts Regulat￿￿,
to wepare ILc￿nts WI￿* wlth with Wl*ion 9 of the 20C6
A￿{¥JntS Regu*k
hove not n*¢ or
2. tD whlch, In my ctynlon. drthn in c¥der to en*e a prw ur¥knThairvJ dthe ￿C￿nts to be
retxhed.
Cth6 Q(k
caro￿ Porter FCfA,
Coryjie & Co LiftNted tradln9 as tA*irLS
10 Attey Park
Dunfermlir*
Fife
KY12 7NZ
2026

Wllllam Coull And¢r50n's Trust
2025
2024
In¥estrnent irw
15.336
50,320
Totrl reLdr15
Charftab* athvlths
14,41JO
5,524
4,263
13,450
6,850
4,051
Costs of generaOrMJ
Total ply￿nts
cf( l ￿rF4￿ wr

Willoam Cwll Anderson'gTrust
ateiiieot of B•l•rKes as at 3￿ September 2025
1025
2024
Gijth on dqpwlt and on hand
OFthno balarKe
16.661
13,714
for year
a0￿ry tdarKe
(70SI
11,6131
15
Mafket Vau¢ as tt 30.09.25
Gtsjrge J M

William Coull And•r50n's Tn
hedule I
Invgstment income
2025
2024
i￿vk￿ Incwe* rv T￿t￿$ IrNestwt Mantyj￿t Ltd
Dek*)sit kntert TIKWn
15.246
l5.284
52
62
S¢hedule 2
Charl￿￿1• Actlvlti
Olstrlbutv￿s made In year-
Atsoath FC Clvnmunity Trust
Artfoth La￿1 TennL£ Oub
4th Arbroarh Raint•J¥¥S
Arbroath High
yd knbroath Scojt Gr￿p
TS Arbroath Sea c*rs
*JtrKoath & &r￿ust* 8a¢é
Skilz l£ademv
Angus Jubilee F
GSdguldlng Arbroath
Arbmath Rme Club
reous Youth FoJiball Club
txo)ih & f*lontrose Distrkt
Tay$￿ Council on Akch
Arbr¢ath United Qlcket Oub
Wardctykes Primary StWI
1,000
400
500
9,000
7,000
SuM*)rt Costs IScWule 31

William Coull Andtrson's Tn
2025
2025
char￿ab
Support Costs
ta 31.12.24 litK VAD
1700
1700
the Ferir#J to 31.05.25 (hK VATI
iyoo
171x1
Carfa IngrJn- &xrtt&5 frrfTntst wtserrtakn 11.1ffj.25
CoThlle & Co Ltd, VAT LY f*
2024
2024
CharNJtle
kuvwes
F￿Sts etc. for t￿ year to 30.C8.23 Ilnc VAT)
Thomtorts, to attourt ol their lee for Tr￿t
sts etc. for tre 10 31.05.24 Ill￿ VAT)
& Co Ltd. IndeFetht E￿￿1￿5 fee
4,050
4,0
ihe ￿ar to 30 Sett￿r 2024.
20
20Z4
5th￿u￿ 4
Colts ol g•nw•tln9 fvnd•
custth fee5 for yeaf kn 31.07.25(￿ VAT)
4,051
Schedule 5
ststement ol Reven￿ b￿laTh￿ •s at 3￿￿.25
2025
2024
Income r￿e￿ In year
15.308
15,336
tistriiKthns paid ID
SJprK¥t costs
{9,000)
{5,41XI)
17,OWI
16,4501
rpWIDdtitl fcf
ealaKe as at 30.09.23
613
Bal•1￿ a$ at 30.09.25 (D¢fidt)
705

Wllllam Coull Anderson's Tnryt
Pkntr& to the A¢¢ounts aryl Gentr￿ 14otes Fln•ndal Sw¥¥ce5 and M•rkets Act 2000, Law Sodety
Rule5 and related manev5
Bawsof PrepaJ7tion
The kcounts are prepared in ￿(Orda￿e with ihe Charibes Iscthndl la% ar￿&￿>.
The Trustees èpprove the apwntrTr￿ty1in￿d aFw'ntment rf the iTrJewhknt EXWn￿￿r a5 detal*d in the Report
Trustees In t1￿ kcwts.
The trustees apyo¥e the apwnbment ef Ihe tKrfrtt <tynpony a5 (Èthi￿ in the Gewal Infomo￿on sectyon In these
courtts to contrnue to ￿ld certan ￿ all of tt* irts*swt5 ￿le0 ty fv tnJst&s, and that ort the t￿51$ as contsined
In Investment and Finan[￿ of oJffer*ty In lortr.

THORNTONS
INVESTMENT5
r&ii-2025 14 &5 34
VAhJ41.on dal• 304>W25
Tr￿.
tM7J•.1$
t￿2￿9.74
Chthy l%1
A8ERFORTh 3￿ft COS<)RD G6PO.01
ISEDOL'((th655:
ALLIANCE WTAN PLC ORD ¢Jepo.025
ISEg(L.811V71WI
ASTPAENEGA PLCORD U8C¥J2S
DOL 09895291
8LACKROCK FA￿ltIE￿v6Q0￿f
ISEDOL 63SXW31
15J4 08P
11.&J4.65
17 791.40
6.ieg.75
3.lryj
12.87Q
2.sJ32.4J
38967.
J6.334.57
I,JX)27
11IA' ¢eP
5M7
139M
4.389.19
149.16
IM75G8P
11.9W.YS
41.4J
0.38
CIYY QF L￿0clI Y4V ¢YIO G8P02S
I$EoCL.'Ot￿4sl
075156P
19JthgS
24881.5)
S.￿1.55
29.07
Fu￿￿1Th eory FO FUNosiirrH
EQUITY FIJP4D Itys IPUND B4MR•Q•I
SBC HOLOWGSPLC
USDO.50IUK FIEG) IscrKL 0SlfJ5261
I¢G eNfERPRISE TRU Cfo QOPQ.10
I8£D￿.0￿)ri)I
S.036.43
3. 510.01
11.6Jl.F9
5&32
10.45. &8
0)1.Jl
S640
74.4 G8P
10.nO.9I
25.￿
51.24
INVE5COASW f4AIIO¢rfID aeFc.I
7.349
24.997.16
2•.P4?25
4.79lCffj
JO HAM0140CAPA4GT Jc￿￿ UKEO
WC Y DIS IFUND S9IFCK81
1.67 (
18.59J.
24,leU.62
EMERG C￿¢$Po.￿l
ISEDIX 8SZZY911
JPMOAQAN QBL QTh •OPD¢2BPO.0S
(SED(￿ 8ViWVIg1
15.X
IAXS¢
24.373.
4,057.33
61
24421.gLI
J4.892
111470.fl
42J7
JUPITER UT MNGpsJuprrER JPN *4C
U2 fjBP Oks IFUNO gFF58H81
UI CHELveRTON EQTYNI
CHELVERTON UKEQ*4¢0 D
IFUNO BIFOOI81
?" ?8S
I￿?¢
22.•)1.10
1.02&"1S
21 681.ss
22ts18.53
NATIX15 LIX¥AIS S US EQUITY
LEADERS MGBPIFUND 897J>BI
PERSIMMUN (%tDGW.10
ISEOOL"U682538'
3.29)
9.*1.81
21 13120
5.9BTAI
5 15&66
REN15HAWPLCOROGBPO.20
ISEDOL.0732358',
AIO nfvToOROQEP￿Ic
ISEWL.'Q7118751
6.012ts8
• 395a8
2.382.
41.d875 (
11.9W.7S
18 7TZXI
6.792AIS
.69

Prrtfit & Lll54
JIVBNO PQISlFLI￿￿tsE￿3.y.
26
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149JS.4"
36 65￿1
21.W.90
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SAELL CLRQ )7
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4.-832
75.81
SSF W c fift￿.￿? ISFI(h 'fW4711
*TrACI,=. RS Rd45fLÈ X
2.6V.18
6&ts4 Gap
*3 51d BJ
lj 2$2.(kl
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