ACCOUNT of the INTROMISSIONS of the TRUSTEES acting under the Deed of Trust by Dr A H FREELAND BARBOUR known as THE FREELAND BARBOUR TRUST for Educational Missionary Work
From: | November 2024 To: 31 October 2025
2025
TRUSTEES:-
Mr Freeland Barbour Dr Hugh Buchanan Mr C S Kennedy W:S. Dr Margaret Craig
LEI: 213800RIDK2V91U99Q96
LINDSAYS LLP LCK/FRE24/1 Inland Revenue Charity Number SC009985
Dr A H Freeland Barbour's Trust for Educational Missionary Work
Trustees' Report for the year ended 31 October 2025
The Trustees have pleasure in submitting their Report for the year ended 31 October 2025
The Trust was established by Alexander Hugh Freeland Barbour by Deed of Trust dated 31 July 1922 and registered in the Books of Council & Session 15 August 1922. Initially the income from the Trust was paid to Miss Margaret Martin McDowall, a Medical Missionary in India, and the Trust was known informally as The McDowall Trust until 1956 when the present name of the Trust was adopted.
The funds shall be held and administered by Trustees.
The objectives of the Trust are to help encourage and foster educational missionary work in India and in Northern China. The Trustees have wide powers to apply the income and capital as they deem appropriate.
Statutory regulations require the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Trust and of the surplus or deficit of the Trust for that period. In preparing those accounts, the Trustees are required to:-
-
select suitable accounting policies and then apply them consistently;
-
- make judgements and estimates that are responsible and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts;
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the Trust will continue.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust and to enable them to ensure that the accounts comply with statutory regulations. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Grants have been made during the year as detailed in the appendices.
The financial position of the Trust is as disclosed in the accounts.
The Trust is a Scottish Charity and is recognised as such by the Inland Revenue for taxation purposes. The Inland Revenue Charity number is SC009985. There is therefore no liability to taxation on any of the Trust income.
Approved by the Trustees and signed on their behalf by C S Kennedy.
Ay , aR 23 9 WY | Date
The Freeland Barbour Trust for Educational Missionary Work
Abstract of Account for year to 31st October 2025
CAPITAL
| Balance at | credit ofcapital at31stOctober2024 | 259,453.46 | ||
|---|---|---|---|---|
| 259,453.46 | ||||
| Deduct: | Loss on Revaluation ofInvestments | 5,869.77 | ||
| Administration Expenses | 125.00 | |||
| Fees | 720.00 | |||
| weonennne | 6,714.77 | |||
| Credit ofwhich, |
balance atclose ofthisaccount marketvalue ofInvestments |
252,738.69 252,930.10 |
||
| Balance over-invested at31stOctober2025 | (191.41) | |||
| REVENUE | ||||
| Balance at Add: |
credit ofrevenue at31stOctober2024 Investment Income |
6,480.84 7,601.12 |
||
| Deduct: | Donations | 6,000.00 | 14,081.96 | |
| Administration Expenses | 21.00 | |||
| Fees | 960.00 | |||
| Balance atcredit ofrevenue at31stOctober2025 | weneeenee | 6,981.00 wennnnn-- |
7,100.96 | |
| 6,909.55 | ||||
| Represented | Represented by: | |||
| LindsaysLedger | 6,909.55 |
Represented by:
Freeland Barbour Trust
Receipts & Payment Account for the year to 31 October 2025
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||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|Receipts|
|Investment|Income|7,601.12|7,635.55|
|7,601.12|7,635.55|
|Proceeds|from|sale|of|investments|0.00|0.00|
|Total|Receipts|7,601.12|7,635.55|
|Payments|
|Charitable|Donations|6,000.00|7,000.00|
|Administration|Expenses|146.00|21.00|
|Investment|Management|Fees|0.00|125.00|
|Agent's|Fees|1,680.00|1,500.00|
|7,826.00|8,646.00|
|Purchase|of|Investments|0.00|0.00|
|Total|Payments|7,826.00|8,646.00|
|Surplus|/|(deficit)|for year|(224.88)|(1,010.45)|
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Freeland Barbour Trust Statement of Balances as at 31 October 2025
| 2025 | 2024 | |
|---|---|---|
| Investments | ||
| Opening balance | 258,799.87 | 229,265.99 |
| Purchases(inc equalisation) | 0.00 | 0.00 |
| Sales | 0.00 | 0.00 |
| Gain / (loss) on sales | 0.00 | 0.00 |
| Gain/Loss on revaluation | (5,869.77) | 29,533.88 |
| MarketValue as at 31 October | 252,930.10 | 258,799.87 |
| Bank and cash in hand | ||
| Opening balances | ||
| Lindsays Funds | 7,134.43 | 8,144.88 |
| Rathbones | 0.00 | 0.00 |
| 7,134.43 | 8,144.88 | |
| add: Surplus / (deficit) | (224.88) | (1,010.45) |
| Closing balance | 6,909.55 | 7,134.43 |
| Represented by: | ||
| Lindsays Funds | 6,909.55 | 7,134.43 |
| 6,909.55 | 7,134.43 |
All funds are unrestricted.
Approved by the Trustees and signed on their behalf
| Signed | Z | :cee raSeC+aoa |
|---|---|---|
| Date | Os\o3\2026, |
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Income
| Income | |
|---|---|
| COIFCharityFundsInvestments | |
| 29/11/24 Income Distribution | 1,850.07 |
| 28/02/25 Income Distribution | 1,850.07 |
| 30/05/25 Income Distribution | 1,850.07 |
| 29/08/25 Income Distribution | 1,850.07 |
| LindsaysFunds | |
| 03/01/25 Payment in lieu of clients gross interest | |
| due forthe period between 04/02/22 and 31/12/24 | 65.01 |
| 01/04/25 Payment in lieu of clients gross interest | |
| due forthe period between 04/02/22 and 31/03/25 | 66.54 |
| 01/07/25 Payment in lieu of clients gross interest | |
| due for the period between 04/02/22 and 30/06/25 | 31.27 |
| 03/10/25 Payment in lieu of clients gross interest | |
| due for the period between 04/02/22 and 30/09/25 | 38.02 |
| 7,601.12 | |
| Revenue Payments | |
| Payments to Beneficiaries | |
| 31/03/25 Beom Jin Shin | 1,000.00 |
| 31/03/25 Church ofScotland for: | |
| Friends of the Church in China | |
| Women's Devlopment Centre, Kandy: | 5,000.00 |
| 6,000.00 | |
| Revenue Administration Expenses | |
| 31/03/25 Bank charge for International Transfer | 21.00 |
| Agents Revenue Fees | |
| 31/10/25 Fee for administration ofthe trust for the year to date | |
| applicable to revenue | 800.00 |
| 31/10/25 Vat at 20% | 160.00 |
| ~~960.00 |
Capital Payments
Capital Administration Expenses
29/11/24 Michael Marwick examination fee to 31/10/24 125.00
| 125.00 | ||
|---|---|---|
| Capital Fees | ||
| 31/10/25 | Fee for administration ofthe trust foryearto date, applicable | |
| to capital | 600.00 | |
| 31/10/25 | Vat at20% | 120.00 |
| 720.00 |
NOTES
-
Income from investments and income tax repayments are credited to the income and expenditure account in the year in which they are received.
-
No Trustee received any remuneration during the year.
(2024 none)
- The investments are shown in the account at cost.
Independent Examiner's Report to the Trustees of Dr AH Freeland Barbour's Trust for Educational Missionary Work
| report on the accounts of the charity for the year ended 31 October 2025
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity 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 accounts as required under section 44(1)c) of the Act and to state whether particular matters have come to my attention.
My examination is carried out in accordance with Regulation 10(1)(d) of the Charities 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 view given by the accounts.
- In the course of my examination, no matter has come to my attention 1 which gives me reasonable cause to believe that in any material respect the requirements:
(a) to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
(b) 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.
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Michael Marwick
Independent Examiner
Retired Accountant
3/11 North Werber Park -
Edinburgh ‘ 4
EH4 1SY AK AN CUNO
Date // Peo4 enrd| ROZL
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