THE JOPP THOMSON FU)4D CHARrrY NUM8ER- SC009106 RECEIPTS AND PAYMENTS ACCOUP4TS FOR THE YEAR ENDEO 11 NOVEMBER 2025 TAWSE AND PARTNERS 18 NORTH SILVER STREET ABERDEEN AB10 1JU
The JOPP THOIISON FUND. SC009106 REPORT OF THE TRUSTEES F( THE YEAR TO 11 NOVEMBER 2025 ChafW$ Addr•ss: Lodingham Chakners LLP S2. Y Rose Stro•t AB10 1FLA ¢urf•nt Trust••s: Rev DavKJ S Hutthi#on-ChaThan of the Trnst Douglas M Watsw. ResSd 10 Oecerrt•r 2025 Peter Milknr Sheena AderSOn Day N Parkinson Thè Dèa¢ conver of Seln Inc4ypor8i#d Tr8dBS Icurrenlty Iw Madnloshl nd The Jopp Themson Fund wa5 e5tablishgJ folbhir¥J tr •mab3amation ofth? Henry &)hn Jopp FLmd and the J8SS18 Ann Thomson Trust approved by thè of S¢ollth Chanty Regulator IOSCRI and is go¥emed by vtix of a Deed of Trust doted 28 Aw"1 and 7 Jun• 2010. Thg Fund i¥ adMY$red on behawof thè TNs by Ledirylwn Chahrs LLP. 8dKib)rs. Aberdeen. In le$ ofthe Trust Oasd. the Tru¥tg9$ hobj the Card aNI irtom8 ol the Fu1 for oi MO of wrpos." lil The pentin Of reltif of and tl rew ol Itx• need by reason ol w. h•ath or di5Bbilty by rn9 availabk finanoal assis&nc8 lo Ihose faW the calagory ol berI)ary $Fetifd herein orKI having regard to Ihe ¥wrt of the (XYn Trust Deèjs. {wl And witM)ut proJ"udw to thè Woing ggnorality lo mako th• fiTharKial W0vlon to such amount as the Twstee8 shal in Iheir absohrte dL8crelH)n det•mine haVg regard for the nwthr of PaTr5 receNed on an annual basis for the b8nefitof Indvjgnt Siryle orwidod r8s#Jent in the Crty olfvknerdeen aTra Local Government boundary of Aberdeenshire las may by def¥)8d from li to tirnel of olhet goographw21 areas th1Th S¢oUaThJ as thè Tru61888 shal determine and the Trustees sham conswjer apphcations ed fr4Jn any rStsn wth the mamlen sumame ol Thom50n crf Mlddkton in lo other appkations in the evont of al other ¢¥¢JmstarKes of o)mpetrn9 appltth.ons by equal bul nothirJ tsined thIrt this shall limit the diwjeton of Ihè Tru5188s in delemwnb any or all app1KalS rec8bl. rgg¥d Io Ihe sOu+S Ihe Tnt liiil Nolhiryj contawi•d wlhin th¢ s1 prBSWt tho Tnlee$ m&kiThJ fvanc4è1 wijtance availab to $LKh b•n•fi¢iars er single. wwJtrAd. ot and whethei mab of fn• aNJ withtyjidwimination as to their a9e. r19n of èlhnioty. pfovthd aw Ihat the Trusths are satfd that al 8ppkcatK)ns rticoiV8d 1811ing wilh the terms and Srit ol the onginal Trusl Oeeds have be&A •xhaust8d arJ that having re9ard to the wrcS of t TN8t further assistsnce ts avaikbk to sjjch te on beTry as the Tnjstees sham detemiim. in I1r absolute di8crebon. as apprcY1•. Ilvl 11 Is ewresY dedarBd that the ¥11 by a irfitsary to5ment slan eth•r frL¥n traI govamffnt or lo1 aulhorrty sourcs or stats berffts Sham not b• a bar 10 r8tW Ircffi th8 Tr1.
THE JOPP THOMSON FIIND. SC1109106 REPORT OF THE TRUSTEES FOR ThE YEAR TO 11 NOVEMBER 2025 R•vlew of • A¢tSvlll•s a In the course of t trust year to 111h Novenw 2025. Iru518es m•Je 9rnnts tolaTrY £15.CO)12024.. £28.1001 in res1 ofthe annual paynnt a totsl of27 rEirj a graTht12024". 281. These grants were m¥do possib again in 2025 due to the use ol xojmulated reserves. ConsKJoraiim wfill made tc provKJe further grant assKtsnc on 8 'rm6-off basv8 rfjustlrd by thfr on4oing cost-ol.INwg ¢ts. as Ihe weviou5 three years. In the c¢yJrs8 of Ihe aT under the advre gU#la of Inveslment IAan4ets. M4K8r& Co.. ts irwostr))8nts hekl by th• Tru51 have been ietained and as a res1 of an acoJrnuLg¢w)n of Veno balance and the éon•lh)n Mentioned above. inveknnts cbsed tt year at a vahje 01 £892.23612024." £813,642). T wivastmènts continue to perform 11 in a turbulènt market to a nuthr ol factors. n¢lirg ihe onwng war in Ukran and thè unrest in the MdIe Easl The Trustees continue lo lake a kyvJ to vw aTrJ a revw ts undertèn by thg Twslees wrth thè advico trom the Invg$tment Manayw5 to enswo a balan tthten caprtal and strength, è3ainsl the Uir•M0nl for revanue generation. Ra¥enue frgm inveslments has lahty irwased frc¥n Fwous year Re¥ve Irtyn dNJeTrJs was e35.73812024.. £32,399). Revenue from bart inlarest decxeased to £187 {2024.. £WI. ExpeIrtr6 on govemance and managemnt of the chaty h85 inueased slghty wth W•Vb)L 9[$. Thè va0 of the invesb7ts he by the FurJ nts"nut tts ¥01gt"lty ofthe ewty mathet but the LAid•tyiry pèrfornian remwns strw, under the managem8nts ser¥iw by In¥treTrt Marw8rs ¥rilh a liMd exposure lo inve51menl yovhying lurther dNerwfutK•n. Briel statemen ollc Thè re59rves at Ihe Year-0 totsId £959.40712024". £865.7931. In aft(dance vthh lh8 ms ol the De&1 olThJst. the assets of tho Fund w& appw $1¥e for cha1rt purFoses within the temis of th& Charthes IntrneI$ aryj Tiustees Iscoyandl kt 2LJ)5. Th• Iru•t•M d•¢lar• thal Ilwy hm approv th• truslg••' r•port•bov•. Slon•d on behalfol th• ¢h•rfty¥ InMtw• Trusieg 30 W 2026 Twstse 30A"1226
Ind•p•ndent Examin•8 R•port to the Trust••s of Th• Jopp Th¢>M Fund Independent examinorfs rew)rt on the accounts ofThe Jopp Thoms Fund, charity nurrt)er SC009106 for the year ended 11 November 2025 are sel ¢)ut of pages 4 to 9. R•sp•¢tlve responslbllltl•s of trustees and •xamln•r The charitys trustee$ aro reswnsible for the prgparation of the aceounts in aCc<yd vAth the term$ ol the Charities and Trustee Investment IS¢oVand) 2005 AL# and the Charitses AcCnIS IScoUand} ReguL4lions 20C6 (as amended}. The dwrity Iruslees consider that the audrt requirement of Regulation 10111 (dl of the Accounts Regulations does not apply. 11 is my $)nsit.Ity to exanNne the a¢tAnIS as required under section 4411) Icl of the Act and to slate vthether wtiCar matters have come lo my atte1w. Bas1$ of Indepèndent •xambnerfs statement My examination is carried out in accordance vhth RegulalKn 11 of the 2¢X6 Accounts Reyulalions. An examinolion includes a review of accounting records kept bythe charity and a comparison of the accounts presented with those records. It 8L80 indLKle5 WISKlerabon of any unusual items C disclosures in the aOUnts and seeks explanations from the trustees conceming any suth matters. The procedures undertaken do not provtde all the evidence that Yk1 be quired in an aL•Jit and. consequenty. I do not expross an audit opinion on the view gven by ts accounts. Ind•pend•nt oxamlnefs $tatwn•nt In the course of my examinab"on. no matter has coff to my attentb)n. whith give8 Th w80n8e cause to thal in any material respecl the rewirernents.. to keep &counling record$ in accordarKe lhith seckn 44111 (al of the 21)05 Act and Regulation 4 of the 2CKI8 Accounts Regulatis. aThJ lo prepare accounts acc3)rd ith Ihe aCntIng reeords arKf com& vith Regulatirm 9 of the 2006 Accounts Regulat$ havg not been met. or to vthich. in my 0.n1, attentJn should be dra in order lo enable a p[or understanding of the aeeounts to be reathed. Name". Professional Qualificationl Professional Body Chartered Accountsnt- ICAS Address.. Tav and Partners. Chartered ACCnIants 18 North Sifver Stfeel. Aberdeen. AB10 1 JU 30 Apil 2026
Th• Jopp Thom¥on Fund SC009106 8t•tsmontol FIMn¢thl Actlvlt for P•rh>d 12 No¥•Th•r2023 to 1114o%mb•r2025 Donalions IncCe from Irh¥e$trnwts other Ih8rb Land and &JikliThJ$ Bank Interest 20.Crf)O 35.nB 187 32.399 187 35.925 35.925 53,395 45.098 Totsl RK• 81.023 81.023 53.395 Grants aTrJ Llwti 15.ts 15.0 28.100 In¥88lmenl m•wwnenico 900 Governar CDS IndepeTrJeTht EMamn8tK)n Agents Fees Asse5YWrtJ Le9¥1 Costs (Xher 3.600 21.IXIJ 21. 33,464 Pay18 rdalm olAssets and In¥estwl$ Pwchase of fixed sets Pwthase of Ients 10 45.LJ)3 45,ts)3 19.952 Tot•1 Paynnts 86.(Q3 66.3 53.416 N•t R•¢•WPayffnt•l 15.020 15.020 TnSf tolfrom Fun 15.020 15.W20 21
The J¢pp TIM)mson Fund SC009106 ststornent ol Balances for Perlod 12 NoVemr 2023 10 11 Ilovomber 2025 eriod Cash bank baban¢ al 8tsrt of year 52.151 52.151 52.172 Surplus l {Deficrtl on receipts aryl paymenls accwils 15.020 15.020 (21) Ca•h •nd bank balanc• at •nd of 67.171 67.171 52,151 Investm•nts to rast £ lo nearèst £ Unrerithd 10 892,236 813,642 892.238 813,642 T¢)tal Funds 959.407 865,793 Slgned on behalf of all th• tn*t••8 Trust 30 April 2026 Tru5tee.' 30 April 2026
Th• Jopp Thmson Fund Y•ar End•d 11 Nov•mb•r2025 Now$ to 1. Taxatlon Th& Trust is a gitered aTrJ acc£KdK¥Jty Li frrm OD Is gams therÈ are applied Jr 81il8Ne wrposes. 2. IYtsn•Uo 202S 2024 The Ina Scott Ch•it•bbè Fowdati 3. Incom• from Inv•8lm•nts oth•rthn Lnd and BylkllThg an¢frWrfun- 3570 Income 8NY MdS)n Netwk Gknbas. 6.692.4104 IrKc City of LoTrJon In¥eslment T(1 p-12.3500 2 ayeo plc- I.4 Ord 28 1011108p DIein lficome Grh Invesbnent Trusl - 18,tVJ 2 F & C kn¥e8iment Tntst rk. 6.940 25p Finsbury Growth and Int4Jme Trnst Oc-S.4(M) 25p CJaxo&nthKI'r plc. 2.080 25p H81eM pt- 2.6 OvdiAèry Ip shares JaNs Henderson Glob81 Investors Ilrterestl. 31.629.1700 IrKome JPM Gobal Grh a InDJme Fd- 11,fA]O OrdinffjT Sp Sha Legal a Gera1 k- I1.4th) (kd 2.5p Lloyds 88nkMvJ Grwp- 9.362 1Cp spearGrouP FIC. 2.418 1p sh M & G Inve5kn¥ts- S.1 Meriants Trnsl pk. s, orfin25p shares Rio T10 plc- 1.5 Ord 10p Slll pk- 2.564 B ordin EuroO.07 SSE W¢. 1,500 (jd 5 Teaco F4c- 5.921 (h 6 1rJp Unilever plc- 1.450 Ord 3 1P3p Vodafone fyoup pk- 10.gJ9 CKI usso.20 21 559 572 2.544 1.102 449 2.5&8 2.475 $83 1.042 936 177 674 451 1.521 2.449 2.352 312 272 87 73 4.325 2,643 2.047 5.070 2.726 2.76S 811 716 2.210 2.136 633 419 32.399 4. Bank Int•r•8t 2025 2024 Royal 8ank of S¢oUarn1 187 187 Non• oflhe Twslees ere pabj eypEn888 tylhe ttlarftythYiNJ ye¥rl2024-EniD- $. R•l•t•d party traA•a¢lon• There are rekteil party IrarMacJns thJrir3 Ihe *r{2024". £ fiiLI.
The Jopp Thomson Fund Year Endgd 11 November 2025 Notss t¢ Accounts 7. Grant8 and Donation$ 20 Paid Grants to.'- Ajlan, Miss CatriCa DKJby Binn. Miss H Bimie. Ms Cardi Bumett. Miss Lcrfraine Cowe. Ms Helen Duncan, MTS D Hamitton, Ms Donna Hund8math. Mrs Rc*erta Keith, Mrs A McLeMan,.SS D M Main, Mrs S frAaver, Ms L IA MKldlelon. Ms Fiona MKldlelon. Ms Jeane Malone, Ms Shirfey Nicol, Ms Emma Rtsager, Miss Jenimfer Shirran. Mrs F &m, Miss F Smart. Miss June Steel8, Ms June Slott, Ms Carol Thomson. Miss A C Thomson. Miss L M Thomson. th.ss Mthele Thomson. Miss Patrioa Walker. MS Lynne Wat, Miss Jennrfer Wilson. Mrs Heath 2CM) 200 200 1.2 1.200 200 1.200 200 200 200 200 200 1,200 1.050 1.050 1.050 1,050 1,050 1.050 1.050 1,050 1,050 1.050 1,050 1.050 1,050 250 800 1,000 1.000 200 1,21)0 200 200 1,200 200 1.200 1.200 200 200 200 200 800 1.050 1,050 1,050 1.050 1.050 1.050 1.050 1.050 1.050 1.050 1,050 1,050 Tolal Grants to 8oneficiarkn$ 15,0 28.100
The Jopp Thomson Fund Year Ended 11 November 2025 Notos to Accounts 8. Investment management ¢08ts 2025 2024 Miller and Co Investment Advisory ServKe Management Fee for year to 30 April 2025 gjo 9. Gov•mance costs 2025 2024 oles hartered Aecountants IndepeThJent Examination fee inc & Smith and Partners hartered Acco IndeperKlent Examination fee nlants 1.5CMI edin hmchlm Interim Fee for Administrat (Trust year 202024) VAT theOn Final Fee for Admini8tratw (Trust year 202>2024) VAT thereon S,1Cl 4.464 reak nof nd revenu• alEx 2025 2024 Investment management Independent Examination fee Legal cost Other 750 432 3,450 3.132 Independent Examination fee Legal cost 750 432 1,8LXI 2.550 2.232
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