THOMAS DICK & MARGARET DICK TRUST
FINANCIAL STATEMENTS
1 JUNE 2025
Charity Number SC 010896
RITSONS
Chartered Accountants 26-30 Marine Place
Buckie AB56 1UT
THOMAS DICK AND MARGARET DICK TRUST
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 1 JUNE 2025
The Trustees have pleasure in presenting their report and the unaudited financial statements for the year ended 1 June 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name
Thomas Dick and Margaret Dick Trust
Charity registration number
SC 010896
Current Trustees
Nicola A Smith, St Rufus Church, Keith The Reverend Dr Amy Claudette Bender The Reverend Jacobus Petrus Lodewiekus Van Straaten
Contact Address
Nicola Smith 9 Nelson Court Keith AB55 5FT
Accountants
Ritsons Chartered Accountants 26-30 Marine Place Buckie AB56 1UT
Recruitment and appointment of Trustees
All of the Association’s trustees are appointed or reappointed by the members at our annual general meeting, which is held in November each year.
Governing document
The Association is a charitable unincorporated association and the purposes and administration arrangements are set out in our constitution.
Charitable purposes
The relief of poverty, by way of a distribution annually at Christmas season, in persons over the age of 60 years who are members of St Rufus Church, Keith or North Church, Keith.
Activities and achievements
The collection of income on the trust investments and the distribution of such income amongst those who met the criteria specified in the Charitable purposes.
Trustee remuneration and expenses
Trustees did not receive any remuneration for their work during the year.
- 1 -
THOMAS DICK AND MARGARET DICK TRUST
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 1 JUNE 2025
Reserves
As a result of the surplus of £4,331 for the year, the charity held unrestricted funds of £105,604.
Approved by the Trustees and signed on their behalf
Nicola Smith
Date: 20 March 2026
- 2 -
THOMAS DICK AND MARGARET DICK TRUST
RECEIPTS AND PAYMENTS ACCOUNT
YEAR ENDED 1 JUNE 2025
Independent Examiner’s Report to the Trustees of Thomas Dick and Margaret Dick Trust.
I report on the accounts of the charity for the year ended 1 June 2025 which are set out on pages 4 to 6.
Respective responsibilities of trustees and examiner
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) (a) to (c) 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 examiner’s statement
The examination is carried out in accordance with Regulation 11 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. I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of the examination, no matter has come to my attention
-
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 8 of the 2006 Accounts Regulations
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mrs A Anderson, C.A., C.T.A. Independent Examiner
Ritsons Chartered Accountants 26-30 Marine Place Buckie AB56 1UT
26 February 2026
- 3 -
THOMAS DICK AND MARGARET DICK TRUST
RECEIPTS AND PAYMENTS ACCOUNT
YEAR ENDED 1 JUNE 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| RECEIPTS | ||
| Building Society / Bank interest | 871 | 1,300 |
| Dividend income | 6,985 | 1,936 |
| ------------------------------ | ------------------------------ | |
| Total Receipts | 7,856 | 3,236 |
| ---------------------------- | ----------------------------- | |
| PAYMENTS | ||
| Payments for Charitable activities: | ||
| Vouchers | 2,920 | 2,940 |
| Printing, stationery and postage | 83 | 93 |
| Legal & professional fees | - | 20 |
| - | ----------------------------- | -------------------------- |
| Total payments for Charitable activities | 3,003 | 3,053 |
| Governance costs: | ||
| Administration fees | 42 | 36 |
| Accountancy fees | 480 | 462 |
| ----------------------------- | ----------------------------- | |
| Total Governance costs | 522 | 498 |
| ----------------------------- | ----------------------------- | |
| Total Payments | 3,525 | 3,551 |
| ----------------------------- | ----------------------------- | |
| ----------------------------- | ----------------------------- | |
| Surplus/(Deficit) for year | 4,331 ========= |
(315) ========= |
All funds are unrestricted.
- 4 -
THOMAS DICK AND MARGARET DICK TRUST
STATEMENT OF BALANCES
1 JUNE 2025
| Note | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Bank and Cash in Hand | |||
| Opening balances | 30,698 | 31,013 | |
| Surplus/(Deficit) for year | 4,331 | (315) | |
| ---------------------------------- | ---------------------------------- | ||
| Closing Balances | 2 | 35,029 | 30,698 |
| ========= | ========= | ||
| Investments | Cost | Market | |
| £ | Value £ | ||
| £400 Perpetual 4% Co Deb Stock Canadian | 244 | 208 | 284 |
| Pacific Railway Co | |||
| 4,624 25p shares Lloyds/TSB Group Plc | 295 | 3,597 | 2,562 |
| 7,623 Ordinary US $0.50 HSBC Holdings plc | 2,750 | 66,770 | 52,850 |
| ---------------------------------- | ---------------------------------- | ||
| 70,575 | 55,696 | ||
| ========= | ========= | ||
| Total Assets | 105,604 | 86,394 | |
| ========= | ========= | ||
| Liabilities | |||
| Accruals | - | - | |
| ========= | ========= | ||
| Reserves | |||
| General funds | 105,604 | 86,394 | |
| ========= | ========= |
Approved by the Trustees and signed on their behalf
Nicola Smith
Date: 20 March 2026
- 5 -
THOMAS DICK AND MARGARET DICK TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 1 JUNE 2025
1. Accounting Policies
Accounting convention and policies
The accounting policies adopted on the preparation of these accounts are laid down by the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
Taxation
The Trust is a registered charity and is therefore exempt from taxation.
Legacies and donations
Legacies and donations are included in the financial statements when receivable and on an accruals basis to the extent that such sums can be reasonably quantified.
| 2. | Cash at bank and in hand | 2025 |
|---|---|---|
| £ | ||
| Virgin money | 35,029 | |
| ---------------------------------- | ||
| 35,029 | ||
| ========= |
- 6 -