Compny nwnb¢r: SC3864O6 Chrity number. SC012502 IAN MAcfAGGART CHARITABLE TRUST (A Charitable Company Limited by Guarantttl REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED30 APRIL202S 111111111 AE83U3SM 1)210812025 COMPANIES HCiJSE A11
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IAN MACTAGGART CHAIUTABLE TRUST (A Charitbl¢ Company Limited by Guaranttt) REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APIUL2025 Contents Pxg¢ Reference and MInIStrative infowmation Di15. rew)rt Independent auditor's report Consolidated statement of finan¢ial xtivities Charity Statement of finan¢ial a¢iiviiies Group parent charitsbk o)mpany balance SIets 10 Consolided statemenl of cash flows Notes to the finantial statemertts 12-23
IAIY MACTAGGART CHARITABLE TRusr (A Charitable ComplY Limited by Cuardntee) REFERENCE AND ADMINISTRATIVE IIYFORMATION FOR THE YEAR ENDED 30 APIUL 2025 Direttors Sjr John Ma¢raggart Ms Fiona Maaaggart Mr John Ma¢thggart Registered Compny number: SC386406 Registered Ch*rity numbtr. SC012502 Registered offiee: DLA Piper Scotland LLP Collins House Ruiland Square Edinburgh EHI 2AA Auditfyr: Haysmac LLP 10 (een str Plxe iA)ndon EC4R IAG
IAN MACTAGGART CHARITABLE TRUST (A Ch4ritsble CompAny Limited by Gurnttt) DIRECTORS. REPORT FOR THE YEAR EIYDED 30 APRIL 2025 The Directors, (who are alg) Tnt5 for the purwses of Chariites ix8151ionl) preseni their rep)rt together with the auditcd rinanrial statements of lan Ma¢tagg3rt Charitsbl¢ Twst (the G)mpanyl for the yeat ded 30 April 2025. The Dir¢rtor5 ¢onfimi Ihat the rep)rt and finartciai srat¢ments of ihe company comply with th¢ ¢wr¢Thi staNiory requiremen ihe require¥nen¢sof ihe Company's governingdocmen1 and Accounting and Rewrting by ChaTiiie5'. Statement of Recommended Praciicc applicable ¢0 ¢harities preparing their accounts in accordance with the Financial Reportin8 Stsndards applicable in the UK and the Republi¢ of Ireland (FRS 102) (24 Ediiion efftLive l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Constl¢ution The Company, whieh is a recogni5ed charity in Scotland. is regisr¢d as acharitable Company Limited by Guarantee. It was previously a Charitable Trust set up by a TTUSt Deed in 1984. Following the 2010 A General Meeting of the unincory)orned TrnsL tht Directors decided to follow suit with many othrr trdding charit1¢5 and voted to chan8e the legal ststus of lan Macthggart Charitable Trust from Charitable Trust to a Charitable CompaThy Limited by Guarantee. This ¢hang¢ limits the personal liabiljty of Direcior io meet any loss incurred by the Compaoy and has been approved by the Office of the Scottish Charity Regulaior. The new legal status took effeci on l May 2011. The name of lan Mactsggart CharitsbleTrust remain5 the same forthis newly iThCOTporated company and all assets and liabilities were p&ssed from the old Charttable Trust to this Company by Deed of Assignrnent on ihai date. Method of Appointment or eltttion of Direct• The rnana8ement of the company is th¢ responsibility of the Dire¢tors who are ele¢wJ and co-opied uDder the t¢ms of the Trust deed. The Directors art drawn from persons of suitable pmfes5ionaJ qualification or business acumen who are deemed suitsble to administer the assets and the runnin8 of the Company. Policies #dopted for tbe ind¢10 and training of Dirtttor5 The Directors will over a period review the knowldge base of the D[$ and if the¢essary, obtsin training for the Directors where appropriate. Orynistional structure and de¢isiott makini The Dirtctor5 rne¢t fomjally on a regular basis th review the affairs of the Cornpany under the control of a chairp¢rsort. There are individual sub ¢ommittees resiM)nsible for the detailed maThagemenL of investments. property holdings and managemenl. Related party relationships Certain Directors have beneficial and non-brneficial intertsts in Weyem Heritsblc Limited who provide investment fflanag¢ment and administration r¥I5 the Company. Some of the director5 of lan Ma¢¢aggan Charitable Twsl {IMT) are also directors of th¢ M¥tsggan Third Fund. Whilst the D1clOT5 overlap between the two charitles. Mactaggart Third Fund do rKTrt eKer¢ise control over lan Mactaggart Charitable Tmst. Ri$k managernent The Directors have examined lh¢ major business and operational risks which tht Company faces. ¢SPEcially in the investment in proprrties. leases and it)vesirnents and ihe raising of finan¢¢ ID conThection therewith and have estsblished systrms io enable regular reports to be pmdu¢al w that the t¢essary steps can tsken l¢ssen these risks.
IAN MACTAGGART CHARITABLE TRUST (A Ch4r1b1e Compgny Lirnittd by G¥4¥t¢e) DIRECTORS. REPORT (conlinwtd) FOR THE YEAR ENDED 311 APIUL 2025 Policie5 and objectives The objectlV¢5 of the Company are to distribute funds by way of chan"table donations ¢0 suitsble charities in th¢ United Kingdom and abroad. The D1CtOrS have decided to take a proactive appioach to th¢ir grant-making. Their present policy 15 to make 8Tants to those charities whose aims they supwjrt and who they believe have demonstsed ex¢ellenc¢ in ih¢ir achievement5. The Company tske5 a prvdehi approa¢h to the award of grants each ye4T Out of its available resources. Grnt mgking policies Individual Directots [mInate suitsble chari¢i¢s meding with the plicies noted above artd these are debated by the Directors before bein8 accepted for award. Going concerTh After making appropriate enquiries. the dive¢¢0 have a reay)nabJe exrtttaiion that the company adequate resources to mntinue in operdlional existence for ihe foresttable fuiure. For this re&son. they continue to adopl the going concern basis in preparing the financial statements. Further details r¢gardin8 the adowion of the going concern basis Can be found in the Accounting Policies. Review of 8ctivititS The.total funds of the group have de¢reas¢d by £l,429.114 over the year to £16.167368. with income increasing from £1,420,730. to £1.588.406. and exp¢ndilure de¢r¢asing from £1230J08. to £1217.268. All of the funds held. at the Balance sheet da(e. are unrestricted general Investrnent policy perfornigDc¢ Investment policy is closely monitot¢d, and decisions are based on thc expEri¢ncc of thE D1CloT5 and wheT¢ ne¢essary third-party professional advice. The Directots plan io wrttirtue, by PftLdeni investment, to increase the nct worth of the Company so generating more disposable in¢ome for the fijrtherance of grant making activitiC5. Re5erve5 policy The group had tts¢al uvr¢s¢ri¢ted fundsof £16,167,568 at 30 April 202512024.. £17,596.6821. It is the policy of the Company that unrestricted fund5 which have Th)t be¢n design*ed for a specific u5t should bt relained. The directors consider that reserves held at thtlf current level are suffi¢ien¢ ¢nsure that they will btable continue the Company's currentactivities. Printipal funding Funding forihe activities ofthe Company has bren deriyed solely from the incomeand capital 8ains generated on the &s5ets of ihe Company.
IAN MACTAGGARTCHARITABLE TRUST (A Charitable Company Lirnit¢d by Guarantee) DIREoRs. REPORT (coDttnued) FOR THE YEAR ENDED30APIUL21125 Eveni$ $inee the end of the year There have been no significant events since the ycar end. DIRECTORS, sTATEmEl OF RESPONSIBILITILS The Dirwtors are responsible for preparin8 the Dire¢bMs' Report and the fitwJ¢ial stht¢m¢nts in accordanrx with applicable law and Unit¢d Kingdom Accountin8 Stsndard5 (United Kingthsm Gtsera]ly Accepd Ac£ountin8 Practice). Company law requires the lirectors to prepare financial 5tsments for ts¢h firtancial year which give a rnle and fair view of the Sta of the affairs of the charitable company and the group and of th¢ In¢ome and application of resources, including the incorne and expendiNre, of the char)b]e group for 1(. In prepanng these financial statements the Directors are required to.. scle¢i suitable accounting Fk)Iicie5 and apply them ¢onsis¢eiitly observe Tne¢hods and Principles in the Charities SORP make judgements and esiimates ihat are reasonable and prudent sthte whether applicable UK A¢¢ounting Standards have been followed. subjcct to any rn#terial departures disclosed and explained in the finarKial siai¢menis prepare ihe financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will ¢orttinue in operniion. The Directors are resp)nsible foT keepiog ad¢quate xcounting record5 thgt disclose with reasonable utY at any time the financial FQ5ition of the charitsble ¢ompany and enable them to ensure that the financial statements Comply with the Companies Act 2)6. the Charities artd Trustee Inveslment (Scotland) Act 2005 and the ChaTiiies A¢£ounts (S¢oiland) Regulations 2(rf)6. They are also resrxTrn5ible for saftguarding the assets of th¢ charitsbl¢ ¢ompany and the group and hence for tajting r¢a50nable steps for the prevention and deiedion of fraud and other irTegularities. PROVISION OF INFORMATION TO AUDITOR Each of the who ar¢ Directors at the time when this Direuors. ReFKl is apprrjved h&s confjnned that.. as far as that Direcknr is aware, there is no relevant audtr inf0m1w of which the ¢h8riwble company's auditors are unaware, artd the Dire¢torhas tsk¢n all the geps thatoughtto have been tsken asaDir¢¢tor in orderto be aw*eof any inf0m110t) needed by the ¢haritsbl¢ ¢ompany'5 auditors in ConTrli0n with prtpawing their and to establish thar ¢haritable company's auditots are aware of that infonnation. In preparing the Report of the Directors the Di0[$ have advantag¢ of the ¢xemyions available to srnall companies. This Teport was approved by the Directors and signed on their behalf by: SirJohn MA¢tAgyrt te: 19Jvly 2025
INDEPENDElYt AUDITOR'S REPORT TO THE DIRECTORS AND MEMBE8 OF IAN MACTACCART CHARITABLE TRUST OpiThio We have audid th¢ fJllan¢ial statrments of lan MaCts8 Tnw year cn&d 30 April 2025 u>mpri the Consolidaitd and Parent Stakment of Financia] A¢iiVili Ik Group and Pami CharitablE Company Balance Sheets, the ConlIdated Ststemeni of Cash Flows and nDtes to the financial Sts[enIS in¢111n8 a summgry of sigThifio4nt unting rK)li¢ies. The fitLAnci rewrtlllg ftamework that h85 arvlied in their pRparation is applicable law United Kiog¢k)m Accouniing Standards, includin8 FinAnci RertIng Stsndard 102 The F$Ao•Kl R4wiing &ots7rd opplicable UK and Republic oJlrt1a4 (Unitrd Kingdom Generally Accepted Ac¢ounting Pr&tice). In ouropinion. the filL7&1 st&lErnents'. give a In aNI fwr view ofthe sraie of the gTOUP'S and oftht partni Charlble ¢ompany's affairs as ai 30 April 2025 and or the groups and par¢rLt ¢haritable company'5 net moYemeTht in fund& including the income and ¢xpetsdiDJre, for the year thett ended., have be¢n properly prePad in acu>rdance with United King(b)m Crfrrtrally Accepted Ac£ouThting Prnclice. and havc been prtpared in x¢ordanc¢ with the Teqllirements of the Cowies A¢1 21M6 and the Chwities and Trustee Investmet)I (kniland) Act 2005 and regulation 8 of thE Clwitie5 A(unts (Scotlatyjl Regula¢w)ns 20(h5. B4$K4 foropinion We Co[Uc1¢d our audit in acwrdarte with INenW)naI s1?s oft Auditin8 (UK) IISAS (UKII and applicable la%v. Our re5tK)nsibilitie5 nder those standard5 arc fUrthErde5¢vld in rhe Audiior's rtsp)nsibililies forihe auditof the f1Th8nEi statements se) ofour rewff. We 8r¢ independentofthe Brnup ill ¢OTdanct with Ihe ethiiai qUIrtmentS that are leVan[lO ourauditof the financial statements in the UK. including the FRC'S Ethical Stsndard. and have fvlfilied ow odT ethiul rtsp)nsibilsti¢s in rd¢t with th¢5¢ t¢quir¢rn¢nts. W¢ lieve thai the audii evidence we haveobts1td i8 sutrT aTrJ appTopria th plovide aba5is forowopinion. Coh¢lusiMs rdaiiug to going tonttvD In auditing the (in¢•al af¢m¢Th have c1)1&d the trustees. of the 801ryo)tK basis ofxeounting in the pK¢paration of the finan¢ial siattm¢nts is appwa Bd ort the we have F¢rfOrrnt have I1 identifd any mri 10 f%tnts or wJ¥Jilions thaL indivually QT colkctively. may tast signifthil doubt Ot) the gmup's ability * omrinw 85 agoing LX)rK¢rn fora riOd of at Ic&st fftlve tnonths from wb¢n the flnanc staterneJJts arE authorised for issue. Ourresp)nsibilities the resw¥rL%thilits of tt tsweeswi¢h w roRoirE wnc¢m 1k%rii tEkvaTht tIo[l50([hiS rewrt. Other inforniAtion Th¢ mjsiees are rewnsibk for the other inf0Mli. The other infornwion Comprises the infortmtion included in the Directors. Ann] p)rt. outopinOn the finaThcial statements d($ rM)t coverthtother inf0mw1 except to the cxkrti hen¥1% ¢xpli¢iily 5tyt¢d in our repJrt ¢ do noi express forn) of assUtt concIusiDn I1[0. In conttec1n wth owaudiiof fiTh8nLYal yatrrnen ourTeS1bL1ty isto Otherithfortrbain an indOll so. consithrwhether th¢other ¢nfom¥tioTh is rnaria]ly inconsis with the fbnancial statement4orour kkdC oi]r in the audit orothtrwise appear5 10 beakrily misAated. Ifwt ideiify su¢h mattrial inwnsiS¢i¢SorWrEN1ma{eriH] mwatements, wEareTequired kn ddErrninewtther there i5 a tnaterial misstaiement ith the financial ststrments of ¥ M8trrl mityatemeni of the other information. If, ba otL the work we have rfOrnIed, toD¢lLth that Ikrt is a material mlsstsrennE of this (thr informior4 we are TequiTed rEw>rt that fact. We have nothing to report in this rt8d. Opinion$ on other rnatttrs prtscribtd by the Complnits Art 20 In ouropiniory b& on th¢ %w)rk undertaken in the cour5eof the audit". the infonuiion giv¢n in the DirtOrS, Annual Kep)rt for the fLnancial y&ir for which the financial ststthents are prtpartd is cothsisteni with tht financial ststtmcnts" and the dire¢iors' Tewrt hts bee wepartd in accothn(t with appliubk kg•J r¢qui¥¢men Matters 4)n whith wc required to wcport by exteptv) In th¢ lighi of th knowkdg¢god und¢ryanding of a1 the parent charitabk eomwy and its environment obtsined sn the cours¢ of the audiL ¥4t havt tb)l idcniifd man¥1 msstskmenrs in Director5, Annual Rewrt. We have M>thi to rtwjrt in ttswct of the following mtr$ rel•rM)n w which tr ComFffjnie5 Act 2(X)6 th¢ Charity Accounts ISLx)t]and) Rcgulations la5 arnendedl lre us ro to ytyj if. in OUfOPiTJiOD'. adequait a¢¢ouniing rttotds have not key by the Pnt charitabk company-, or the warenl charikbk company financial statements are 1101 in agre¢meni with th¢ acv)uniing r¢wrds ¥d r¢turns" or Certain disclosures of trustees. remunernion Splfd by law llre tK)t madE," or have not received all IhE information and expla10$ requ¢ for our audi¢" OT th¢ Direc1$ wer noi entitlcd to prepare the financial stalements in a¢¢ordtho with the small Mpanies. regime and ie advaniage of ihe small companie5. exwptl0115 in PTEparing the trudees, rEN>rt and frorn the rEqUiTett*ni 10 prepare astraiegic Jtrt
INDEPENDENT AUDITORS REPORT TO THE DIREolL5 AND MEMBERS OF IAN MAcfAGGART CHARITABLE TRUST Re5pon$ibiliii¢s of 1ryst¢¢s fortht A5 explained morr fully in the truses' reswtnybilils Statement sel outon page 4. thE tnJstets(wb) art also ihe dirtuors of thc ¢harithble company for the PUTPXS of tomwy lawl ¢ responsible for the preprdtion of financial stements and foT Ing satisfied that they give a true and fair view. and for such inttmaj g)Thtrol asthe tru£¢S&telmUje is toenabk the prtpwmof financial statements that are free from material mi55tatemeni Mthether to or ermr. In preparing the financial 5Mements, truses are leswibie for •ssesstDg the gmups and th¢ patent ¢haritrbk company'5 ability to continue as a going cfjnttrn. di%105in& as 4plÈcabk. malters rtltd ¢0 goin8 n(trn and using the 8oill8 concem basis of accoutstlng unltss Ihe tyus¢stither innO to14uidak the 8fDuporik p8rtnt¢haritsble ¢fjmwy orw ¢tas¢OFrdi)ts4 orhav¢ no lis[l¢311ernaTLVC but to (kn so. Audilor's responsi"1111 for iht adI1 •f ik¢ fM•(i&l ststemtats Our objectivcs are to obtain re&onabk asswance ab)ut whether the fmantial statennts as A are free from rnaterial misstatemenL th¢th¢r due lo fraud OTcrtor: a[ to IS an audilOf'S t¢F4)rt that inclu(ks our opinion. Re)nab uTn i5 a high level ofa55urdnce, bw 15 not a 8tL3f3ntee Ihat an a11¢ condwkd in a¢¢ord•m(t ISAS (UK) will always a ma¥erial fflwtatemenl when it cxists. Misstattmentscan from orerrorlnd tnSIdered m8trriaJ if. individually or in the aggregate.thEy cou]dJray>nably eXC[ed Influence fv¢wwrDiC deCiSor users thnon the Esis of fwwKial 5th1cmls. IrTtgulariiie% in¢luding fra ore in5kncts of mn40mpli8r 1th 5 gffid reguiaii¢)os. We (ksign pro£tdu in litt with our restx)nsibililie4 ouilitwj to (knccr material rtLiSStateJrtDts in resped of iryu1ari ir1lIng fwd. Th¢ extrni Mthich our procedures are¢apable ofdt¢¢oin8 irre8u1)tsc4 including frdud i5drtsiityJ kn. Bttd on OUT urT5[and1ll8 of the gro and tsenvLrotimenL in 1¢h li opuatffj ideniifd that th principal risksof thon-compliart¢e th laws and rtgulatK)ns lad to compliance tr£ TEqu1rrnnts of thE Offietof the S¢othth RegUlor. artd we ¢onsidertd the Extetbt ttr whith non-compli8n¢e might have a marial cffecron the fin¥n¢ial st8Mnents. We also ¢onsidered tho lat4sathJ TegDlaiions that have a direct itnrAct on the pwi¥)D of th fwthncial stsmenLS Sh as the Comwies Ad 21¥J6and the Chawilies Act 2011. Wc evaluated manageffient's inceniives and o[vornlI¢s for fr&udulcnt ManIpurn of financial statements lintluding the risk of overrideofcontrolsl. and deie¥mined Ihatth¢ principAi ris werE fElated to pmingof inappmwiaioumal entriesot the manipulat ofacwunting estimate& A111 pro(tdwes by the Crygett len irklE.. Ins¢118 rresP)ndence with Tegulators Ind authorities" Discussions with management in¢luding considerarion of or suspecied instsn¢ts of non-compliance with law& rt8ulation. and fyavd. A¥e5sment of fraud risk Ptrfomiing analyti procedu5 to identify any wiusual or unexpt¢i¢d relwionship4 CludIng r¢lar¢d party tyansaaion4 thich may sndic8t¢ risksofmarial misskfrmenl duc frnud.. Confirmation of Tclaled partits with m•n28tmen4 aftd review of transaaion5 throughout the periDd identify 8ny previously undisclosed trattsa¢tions with rel•itd prtJe5 Oll1de the course of busin¢$5' Re8ding minutes of meetings of those charged with governance" Evaluatin8 managtmeni's ¢ontrols designed to prevent and dekct Review of significant and Unusu tr8Jwiiotys' idet)tifyingand 1IngUrnaI entri4 in particUlarY manualentrie5mJe th¢Year<&d for r¢nar15tern¢nIP1¢P8r8IiOn. Challen8ing lmptH)S and jud8em¢nts m•de by tDawemeTht in th"r crirical xcounrinB esiimalcs. B¢¢Ause of inhEr£nr limilations oran S11[ th¢ is a rssk that wll ddECt irregu13ri1iE4 including those leading to a rnaterial mi551atemEnt in the financial thtements ty ttonrfompliantt regutiOn. This risk incruses the more that complian¢x with a law or regulatLon is re¢noved from the events and tr105 r¢fl¢ctrd in tr fmancthl 513kmen will be less likely to become awBre of instsnces of tton-complian(x. Tr risk is alm) STE4lcr te8aTding uttgu1arii CUrTnE du¢ w frd twh¢r than ¢rTof. 95 fraud involv¢s inieni¢onaJ cov¢a]rr¢n¢ forgery. Collusio omission ormisrtk¥txJlWiOn. A furknd¢scriprion ofour ressIbilItieS forthe a11¢ ofthe ygtyn¢Ns k)catedon Financial Rep)rtinK Council's WEb5ile .' www.frc.o ukJaudIr ilities. Thi5 ¢ksaiptth fomts p*tof owawlitor'sre
INDEPENDENT AUDITORS REPORT TO THE DIRECTOKS AiYD MEMBEKS OF IAN MAAGGART CHARITABLE TRusr Uie of omr rrp•rt This re¥ is made x>iely the Larithble rt)fflwy's m¢mEry as • I. in xcordanLY Ch¥r 3 ofpart 16 of the Companies Att 2(M)6, 5¢aion 44llllc) of the Charities and TnJstee Invesknenl (Scotland) Au 25 and regulatiDn lo of thE Charities Accounts {ScotlHnd) Regul105. raudit h&$ trrten undertaketh xTrthai Mt might ste to th ¢haritrble o)tnpany's member5 kn matters we are requed to swe to them in Auditorfs retK>rt aThJ for m o¢lr purpt. To the ¢xttnt FtrnLittqi by law. do rM)i acwi or assume fESPDll5ibility 10 arty0 other ¢In the charilaNe c4Nnpany atKI charitsbbe tomp*y's mtmbcts as a b)dy. for our audit t¥ort for ¢his r¢ry)r( OT foT the opinH)ns we have fornx¢l LKE Stokes Senior Statutory Auditor forand otL bEhalfof Httysmac LLP str1ry Auditor5 10 Queet) Stttet PLqce EC4R IAG 31 July 2025
IAN MACTAGGART CHARITABLE TRUST (A Chritgbl¢ Comp#ny Limited by CuarJnltt) CONSOLIDATED sfATEMENT OF FINANCIAL AcfIviTIES FOR THE VEAR ENDED30 APRIL20 Unrestricted fund5 Total Total 2025 2024 INCOME FROM: Investments Other property related inrome tA)naiions Orher income.. Exchange Gai 340.935 513.139 250.000 650.000 7.591 1,250.( 12.529) TOTAL INCOME 1.588.406 1.420.730 EXPENDITURE ON: Costs of rai$iThg . Property ¢XP¢ll5¢5 . Inve5thient manag¢met)i expenses Chlritable divili¢S 297,256 10,050 809,962 298,435 123,134 808,739 TOTAL EXPENDITIJRE .217.268 1.230.308 NET INCOME BEFORE NET INVESTMENT ASSET LOSSES 371.138 190.422 Net loss¢s on Investment assets {l.8•.252) 1625.750) NET MOVEMENT IN FUNDS (1,429,114) 1435J281 Totsl fvnds at l May 2024 17,596,682 18,032,010 TOTAL FUNDS AT 30 APRIL 2025 16,167.568 17.596.682 All amounts rela¢¢ continuing operation5. The rt¢5 on pages l2 to 23 form part olthe5e acwunts.
IAN fvtACTAGGART CHARITABLE TRusr (A Charilable Company Limited by GuTntee) CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2•2S Unrutrieted funds Tot•1 Totsl 2025 2024 INCOME FROM: Investments Olher property related income Donations (hher Income-. Exchange Gainl{Loss) 256.952 392,539 250.000 650.000 7,591 1.250.0(M) (2.529> TOTAL IPICOME 1.504.423 1,3CKI,130 EXPENDITURE ON: Cost5 of raising funds: . Property expenses . Jnve5tmeni management expthses Ch*ritAble gCtivitie5 84.556 110.050 809.962 100.299 123.134 808.739 TOTAL EXPENDITURE I.(MM.568 1.032,172 NET INCOME BEFORE INVEsfMEKr ASSET DISPOSALS 499.855 267,958 Net losse5 on inve5trnent assets (1.800,252) 1625.750) NETMOVEMElff IN FUNDS (1.300,397) {357.792) Tota] funds * l May 2024 17,838,994 18,196,786 TOTAL FUNDS AT 30 APRIL 2025 16.538,597 17,838,994 All amounts rel8t¢ to coniinuin8operations. The notes on pages 12 23 fonn part of these xcounts.
IAN MACtAGGART CHARITABLE TRU {A Charitsble Company Limited by Gu#r#*t¢e) Regtrred Number: SCJ86406 BALAIYCE SHEETS AS AT30 APIUL 2025 2025 2024 Group Ctharity Group Charity Not¢ FIXED ASSETS Inve51ment Properties- Frtthold Investment Property- Leasehold Inves(ments Investments in subsidiary 11069.999 42.689 5J51.4l3 7249.W) 42.689 5.351.413 1.400.0( 12.716.337 50.962 6.108.457 7.896.337 50.962 6,108.457 1.400.000 17.464.101 14.044.101 18.875.756 15,455.756 CURRENT ASSETS Debtors Cash at bank l57.484 s21.2 1.871.480 798.935 90.736 997,607 1.817J39 833J16 979.386 2.670.415 1,088.343 2,650,655 CREDITORS.. amourtts fallin8 due within one year (175.919) {175.919) {267,417) (267,417) NET CURRENf ASSETS 803.467 2.494,496 820.926 2,383.238 TOTAL ASSETS LESS CURRENT .LIABILITIES 18267,56& 16.538,597 19.696.682 17,838,994 CREDITORS". 8mounts fallbn8 due after more than one year {2.1.() (2.1(Kl,(th) NET ASSETS 16.167.568 16.538.597 17.596.682 17,838.994 CHARITY FUNDS Unrestricted thnds 12 16.167.568 16.538.597 17,596,682 17,838,994 TOTAL FUNt>s 16.167.568 16.538.597 17,596.682 17,838.994 The Dire¢tors acknowledge their re5w)nsibilities for complying with the requirtments of the Act with speCt to acwuniing reivrds and paratIon of the fjnancial slat¢rnents. The finan¢ial ststements were approved and authorised fv issue by the DJ"rectors and sId on their behalf by". Sirjohn Madfiggart DAte: 19 July Z025 The notes on pa8e$ 12 to 23 form wt o(thcse io
IAN MACtAGGAKf CHAIUTABLE TRUST (A Charitbl¢ Company Liznited by Gu4r4ntte) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30APIUL2025 2025 2024 CAsb nows from operating Ciivitiu: Net coshprnvided ty (used in) operoling adi%¥lieF (119,770) {180.260) CA5h flow5 from investing £tivitie5: Dividends. interest and rents from iThvesThents Proceeds from the sale of invesimeots Purchase of irbveslmcnts 340.935 153.043 {549.913) 513.139 117,690 {408.072) Nei eashpn>vlded ty (used) in invlIng {55,935) 222,757 Chgnge in eash t#sh tyulvaletyts in th¢ r¢wJrti•g period (175.705) 42,497 Cash and eash eql¥Itts •¢ the beginning of tbe reporting period 997.607 955,110 C85h and tash equivlents 4¢ th¢ ¢Trd orth¢ rep)rtiAg period 821.2 997,607 Reconciliaiion of nd in¢om¢ to D¢t ush now froffl operating aetivities 2025 2024 Nel expenditure for ihe reporting p¢Yiod ($ per the st&t¢rn¢nt ol finantial attivities) (1.429,1 141 1435.3281 Adjus¢meDts for: Net losses on investm¢nis tkpie¢i8tion of1¢3sehold property Dividends, Interest and rents from inve5trnents (InCreaseydeCre in debtor5 (tk¢r¢as¢lAn¢rease in creditors 1.800,252 .273 1340.9351 (66,7481 (91,4981 6?5,750 8.273 (513,1391 43,481 90,703 Nei ush provided byl(4sed) operating ¥ctivitie5 {119,770) {180,260) Atta11$ of tsh and ush eguivalents 2025 2024 Cash in hand 821,2 997,607 Tot#1 esh #nd ¢#sh *q1VI]eThts 821.5I12 997,607
IAN MACTAGGART CHARrrABLE TAUST IYOTES TO THE FINANCIAL ATEMEP4Ts FOR THE YEAR ENDED 30 APRIL 2112S ACCOUNTING POLICIES GeDeral inforniiion larb Mactaggart Charitable Tru is a charilable company regisier¢d in Scotland. The registered oifice is DLA Piper SlIand LLP, Collins House. Ruuand Square. Edinburgh. The principal actlVLties of the Qjmpany ar¢ s¢¢ oui in the Trusttes Repoo in page 3 of these fithancial ststements. B#$b of pr¢p•rtioTh The financial gements hav¢ been prepared in aceordaThce with the Companies Act 2(KI6 and A¢couTh(ing and Rep)rting by Charitie5: Statement of ReCmended Practice applicable to charities pr¢p2ring their accounts in aCCdanCe wilh the Financial Reporting Srandard applicable in the UK aThd Republic of Treland {FRS 1021 (2h Edition effeciive l January 2019)- (Charitie5 SORTr (FRS 1021}. the Financial ReF4Jrtin8 Standard applicable in the UK and Republic of ireland (FRS 102). The Company meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 are initially recognised at hisiorica] cost or ¢rnnsa¢tion valu¢ unless othen¥ise stst¢d in the r¢levani a¢Uting p)li¢y no$1. The financial Ststtmentsawe wesented in UK swlit)& which 1$ ihe Company's fiJnctKJnal currew. and art rounded to the nearest pound. PrEpartion orAtroU¢S ott a going eonttrn ba51$ The directors consider there are no material unc¢rtaintit5 aboutth¢rompany'5 ability t(> continue agoing concern. The reviewofour financial posiiion. reserves ltvelsand fuwre plans gives diTectotsconfidence the company remains going concern forthe foreseeable futurr. Critical aceounting judgements nd key souttts of estitnatiott umttrtxinty In Ihe application of the accounling poli¢i¢s. dirtctors are r¢quired to make Judgement, tstimat¢s. and a5SUrnPtions about th¢ ¢arrying value of assets artd liabiliiies thai art not readily apparenl from other sour¢es. Th¢ estimates and nd¢rlying assLLmptsons are bwd on historical expulenand otherfactOf5 that are con5ider¢d to be rel¢vani. Actual r¢slllts may differ from these estimates. The estimate5 and underlying assumpti1S are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the perityj in wh>ch ihe estimatc is Thi5ed if the revision afftcts onty thai period. or in the period of the rtViSiL¥L and fubjre riOdS if thc revision affed4>J CUTr¢nt futttre period> Judgtrnents Mad¢ by the directors in th¢ w1110ft of these a¢¢ounting w)lici¢s that have significant effe¢t on the rinancia] statements and tstimates with a signifL¢ani risk of maLeTial aljusmieni in th¢ next year are deemed to be in Ttlation to the valuation of inVen1 FYOFertie5. Ih the view of th¢ directors TKJ &wmyions conccmin8 tht firture or estirnation uncertainty affeeiin8 &%sets or liabilities ai the bal•¢e sheei d art likely to rcsuh in a material adju51Tn¢nt to their caTryin8 amounts in the ncxt financial year. CompgTry status The Company is a Charitable Company Limitsl by Guaraniee. Tr members of the Company the Directors named on page l. In the eventof the coMY b"ngWoUthd up, the liability in respea of the guarantee is limited to £1 per mcmberof the Compatty. 12
IAN MACTAGGART CHAIUTABLE TRUST NOTES TO THE FINANCIAL StATEMEKtS (fontinued) FOR THE YEAR ENDED30 APRIL2025 AccouKfiNG POLICIES (continued) FThd #eeounting Gen¢TaJ fvnds a unrestrictrd funds which are available for use at the di¢t10n of the D]rlIS in thrth¢ran¢e of the general objectives of the company arhd which have rwjt becn d¢5ignated for other PUTposes. Income Incorne included in the Stslunent of Financial Activitie5 when the cornpany is legally entitled to the income. there is probability of and the arnowlt Can be guantified with reasonable acculacy. Expenditure All expenditur¢ 15 acrountcd for on an a¢ctuals basis and h&$ been included under expense categories thal ag8rc8ate all costs for alkKation to xtivitie> Where costs cantM)i be directly attributed (o particular activitie5, they have been allocated on a basis con5iStcnt with the usc of re$ow. Costs of rdising fvnds arr those incurred in seeking voluntsry Lvnthbutions and do not include the cost5 of disstminating infoThnation in support of the ¢haritabl¢ a¢tiViii¢s. Supkvt costs are those costs incurred diredty in supp)rt of expendiwre on objects of the company. c¥¢Mance wsts are those incurred in cont)ection wilh administratic of the company and compliance with con1110al and strwt(My rwuirements. Grants payable are char8ed in the year when the offer is made ey¢ep¢ irt those cases where the offer is conditional, such grarbts E¢ing recognised as expenditure the conditions attachin8 are fulfilled. Grants offered subjeet to ndiiions wthich have noi been met at the Year4d are. N)ted as a commitsnenl but not accnjed as expendiwre. Investments Investments are a forni of b&sic financ7 i1rume11 are Iniiially shown in th¢ financial srat¢m¢nts at market value. Movements in the market values of inve5unents are shown as unrtalised gait)s and losses in the Stsi¢m¢Di of Financial Aaivities. Proflts and1055eson the 1$atiOnof 1nvesttnentsa th)wn as realised gainsand tosses inthe Statementof Financkal Activities. Reali5ed gains and losseson investtnents ar¢¢al¢ulated berween sales proceeds and theiropening Caying values or their purch&se value if wuircd subs¢quent to th¢ first day of the fin3ncial yw. Unrealised artd losses are calculated &sthe difference between the fairvalu¢ attheyearcpd aDd theirwutg value. R¢alis¢d and unrtalised investment 8ains and 1055C5 aTE rombined in the Ststement of Financial Activities. Where a market value is not readily availabk. investments art held atcost less impaLmiaii. Investment properties Investment propertie5 are carried at fair value delemiined annualty by direaors and derived from the current madcet ' rents and invesMeThl PTOtffj yields for comparable real estate. Jjusted if necessary for any difference in nare. location or condition of the specific asset. No dcpreciatiLMb is proyidcd. Change in fair value is rtcognised in the Profit and LA)ss Account. Debtors Trade and otherdei40ts are recognised w the s¢ttlement amount. Prepanents are valued at the amount prepa.id. C85h at bank nd in hand Cash at bank ar in hand includes cash and short ienn highly liquid investsnents. Creditors •nd provisions Creditors and provisions ar¢ ff¢ognised where the cornpany has a present obligalion 5711ng from a past event that will PTobably regjli in the tramsferof funds io athird party and theamountdueto settle theobligation can be measured or estimated reliably. Creditors and prnvisions are nom)aily TegniSed th¢ir settlement amount afterallowing for any trade discoun dy¢. 13
IAN MACfAGCART CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENtS (¢o*tittu¢d) FOR THE YEAR ENDED 311 APRIL 2025 ACCOUNTING POLICIES (eonliwu1) Foreign CUTreThcies Monetary etS and liabilitie5 denominated ID forei&Tr ¢urr¢n¢ies are translated into sterling at rdte5 of exchange ruling at the balance 5h¢ct date. TTansaciion5 ITh forei1 curre[1¢$ are tsanslal into sterling ai the rates rulingon the date of the trdnsaciion. Exehange 8ains and losses are wised ith the Ststeml of Financhql Aaivities. FinanciAI iDStrnments The Company only has finan¢ial assets and financial liabiliiie5 ofthe ki[ that qualify a5 basic financial instruments. Basic financial instruments aye ir)ilially &ised attransaction value and subsequently measured at th¢ir%ttl¢ment value. 14
IAN MACTAGGART CHARITABLE TRU NOTES TO THE FINANCIAL srATEMEKtS{coIlmlled) FOR THE YEAR ENDED30 APRIL2025 tNVEsfMENT INCOME Croup UAre5tricted funds 21125 21)24 Charity nre5tricted fund5 2025 2024 Rental income Interesi and dividend Irtce 246,734 94201 4(X),444 111695 63,533 193.419 178,842 213.697 J40.935 513.139 256.952 392.539 EXPENDITURE Group Unrestricted funds 2025 2024 Charity Unttstritted funds Z025 2024 Costs of raising fTAnds Interest payable Property exp¢nse5 Investment management Costs 132.51N> 164,756 110.050 l35,1)(Kl 163,435 123,134 84,556 110,050 100,299 123,134 407.306 421.569 194,606 223,433 Charitable activitie5 tk)nations made to charitable insiitirtions I apFndix l) 809,962 808,739 809.962 808,739 1217.268 1230.308 1,004.568 1,032,172 Group gtsd Charity 2025 2024 NET EXPENDITURE This is stated after charging.. AUdir.5 rernuneration . Audit fees . Non-audit service5 15,150 14,150 1,100 During the year, no dirKwrs r¢¢eivgJ any rernunernion (2024.. £Nil). During ihe year, no direcwrs received any benefits in kind12024.. £Nil) During the year. no direcr$ re¢¢ived any 1mbUr$¢mtTht of experes12024.. £Nill. Thue were rK) staffemployed in the currentor preceding year. 15
IAN MACTAGCART CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED30 APRIL21n5 INVESTMENT PROPERTIES- FREEHOLD Fre£hold investment prnperties Crowp At l May 2024 and Revaluation loss at 30 April 2025 12.716,337 12.069,999 Total Ch4rity At l May 2024 and R¢valuaiion loss 30 April 2025 7.896,337 7,249.999 The Properties are held at market value of £12.069.999 as * 30 April 2025. The market value has been d¢t¢miined by th¢ directors, on an open markrf value for existiThg use bosis. The direc10 havr assessed the markei value of the investhient prnpertits at 30 April 2025 and have based th¢ir valuation on a nUmT of assumptions including future rtntal Income and comporig)ns for sales in the Iwlity. The freehold Properties held by the Charity are owmed equally by Macts88art Third Fund and lan Mactsggart Charitable Trust. The aknve valuation represents the Charity's 50% share of the market value. 59. INVESTMENT PROPERTY- LEASEHOLD Ltsehold investment property Group & Ch•rity At l May 2024 Depreciation 50.962 (8.2731 At 30 April 2025 42.689 The leasehold property. which isowned equally by Ma¢wThird Fundand lat) Macwrtcharitsble Trnsi is stsi at cost less depreciatiOlJ. Th¢ valy¢ represents the group's 51Woshare of the com less d¢pr¢ciion fjgure. FIXED ASSET INVESTME Group artd ¢barity Market V4Jueor tost At l May 2024 Additions at cost Disp)sal proceeds Loss on *¢valuation 6,108,457 549.913 (153.043) (1.153.914) At 30 April 2025 5.351,413 16
IAN MACTACCART CHARITABLE TRusr NUfES TO THE FINANCIAL STATEMENTS (toiitinued) FOR THE YEAR ENDED 30 APIUL 2025 INVEStMENT IN SUBSIDIARY- CHARITY 2025 21124 sh¢5 in subsidiary.. IMT Roger Limited 1.4(Kl.000 1.400.000 The company owns 10(V/oof the Share ¢apitaJ of IKr Roger Limjted (Company Number.. 09833525. Registered Office Address.. 2 Babmaes StreeL London. United Kingdom. SW16 6HD). IMT Roger Limited was incorporated on 20 October 2015 and its profits art donated under gift aid to the ¢hatity. Th¢ dot)ation is recognised wh¢n the profits are tranSfeed. Its trading rtSUI cxtrathd from its audited a¢counts were as follo.. YeAr to 30 April 2025 YeAr to 311 April 2024 Roger Limited Turnover Propety Costs Interest payable and expenses 183.201 (80,200) 1232,717) 221.602 (63,137) (236,(M)2) Profitl(lossl btfore tax 1128,716) (77.537) Share capital Profit and105s reserve 1,400.000 {371,029) 1,400.(MM (242,3131 Nei ass¢ts ,028.971 1,157,687 DEKroiis Group Charity 2025 2D24 2025 2024 Due within one yur Other debtors Amounts due from subsidiary 157.484 .736 153.734 .717.746 164,522 1,652,817 157.484 .736 1,871.480 1.817J39 17
IAN MACTAGGART CHAIUTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (eotitirtmed) FOR THE YEAR ENDED30APIUL21125 CREDITORS: Amounts falling due witbin ODe y¢• Group Charity 2025 21124 2025 2024 her¢ditOrs and accruals Deferred income 110,477 65.442 201.975 65.442 110,477 65,442 201.975 65,442 175.919 267.417 175.919 267.417 CREDITORS: amout)ts f4lii•g dt within One yur (eotinued) Gro¥p Chrity 2025 2024 2025 2024 Deferred ineome Brought fon¥ard ai 01 May 2024 65.442 65.442 65.442 65,442 Relwed in the year Defe1 ith the year Carried fon¥ard at 30 April 2025 65.442 65.442 65,442 65,442 I& CREDITOLS: mounts falling d¢ fttr OA¢ yur Grwp Charity 2024 2025 2024 21125 Bank loan5 (see note I l) 2.1,{x} 2.100.OIJ) 11. inANS The company have thc following wnmLtments repay loan5.' Croup Charity 2024 2•25 21124 2025 Due within one year Between two and five years 2.1(Xl.000 2.100.OC(I 2.1(1.000 2,100,0(K) The current loan facility is secured over the Rogcr Street property held by the 8roup. The Loan 15 repayable in full on the date falling 60 months after the dt thc Loan is first drnwn down. at an interest rate of 6.31% per annum. 18
IAN MAcfAGGART CHARITABLE TRUST NufES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED3tsAPIUL2025 12. STATEMEP4TOF FUNDS Current yer Brought forwxrd Carried forward Intome Eipendits Group Unrestricted funds General funds 17.596.682 I J88,406 (1217268) (1,800252) 16.167,568 C•rried Forward Fonvrd Exptnditur¢ Charity UThr¢stricted funds General funds 17.838.994 1.504.423 (l.WJ68) {l.8).252} 16.538,597 Prior year Brought forward Carried Fonvard ltheom¢ Exptndliure G#ins Group Unre5tricled funds General funds 18.032,010 1.420,730 (1.230J08) (625.7501 17,596,682 Brnught forward C•rri¢d Forward Anc¥Jrn¢ Expenditu G*in5 Charity Unrestrieted funds General fiu 18,196.787 1.l(X).130 (l.n12.171) 1625.7%0) 17.838,994 13. RELATED PARTY TRANSAcfioNS The direciors of the Company ar¢ also directors of the Mactsggart Third Fund {MTF). Whi15t the Directors overlap b¢e¢ll th¢ ¢han"ti¢s, MTF do not exercise control over ihe Company. The Company hasioinl holdings in certain properti¢s with MTF. A5 at the balatKe shed date an amouni of £1 11.748 was due frorn MTF (2024.. £108,676 due to MIF). The MpanY owns 5W•of Ma¢Clwiii¢s Limited, a company in whi¢h ¢ertain dire£tors of the laTh Mactaggart Charitable Trust are also dire¢tors. Ai the sheet date, th¢ vaEu¢ of th¢ ¢ompany's investment w&$ £295,564 (2024: £295.564) which relates solely the investsnent in The Nadier Live LLP a limited liability parthership. The company established a subsidiary company. IMT R[ Limi¢¢d. 20 October 2015. The wmpwjy owDs IIKV of the share capital of IMT Roger Limited of £I.400.01. At 30 April 2025. thE company was due from £1,717,746 (2024.. £1,730,354) io IMT Roger Limited which cawTie5 an in1C5[ charge of 7%. 19
IAN MACTAGCART CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (torttim) FOR THE YEAR ENDED JO APRIL 2025 I& LEASES The minimum le&se receipts under non-uncellable oFrnting lea5¢5 to b¢ rtt¢iv¢d: Crvup Chrity 2025 2•Z4 2025 2024 Within one year Between Th¥0 and five yea After five years 206.955 402,862 8.021 173,831 7.833 16,625 38,062 8.021 28,031 7,833 617.838 181.664 62.708 35,864 20
IAN MAcfAGGART CHAIUTABLE TRUST APPENDIX I NOTES TO THE ACCOUNTS FOR THE YEAR ENDED30 APRIL2•25 Dortations Alcohol Research Ananimi Bim)ingham Women'5 Centre Atlantic Salmon Tnjsi Baham&s National Trust Barbicarh Centre Trusi Battens Disease Family Asso¢iation Become Bigvision Community Breakthrough Tl D Buildsn8 Trust Internatbonal Burnblebee Conservation Trust Campaign Again51 Anti Semitism Cary Institute of Ecosystem SdI¢s Centre for Al¢trnative T¢¢hnology Centre for Wornen's Justi¢e Checkerboard Fndl0 ChildreTh's Heart Chira 1,500 5.000 5.000 1.582 2.500 5.000 1,540 3,000 1,000 2,000 5,000 5.55 I 2,750 4,1)00 5,685 4,500 2,(KlO 3.(0 9.133 150 4.055 500 3.000 i.000 5.000 2.000 1.500 12.500 31.693 6.500 3.741 5.000 3.000 12.367 5,000 3.826 750 i.0 2.500 1.500 i.(0 C02 Coalilion Continuing Community Care Corner Food Pantsy Cure Parkinson's David Sh¢ldri¢k Wildlife Trust Easibourne College Fallily Businesses UK Fare ShaTe UK Felix Project Fo¢using on Philanthropy Fr¢¢dom From Torture Friends of Scoville Global Wannin8 Policy Foundation Hayar Charitable Trust Health Navigator Hebridean Whale Dolphin Trust Housatonic Youth Services Insiityte of Cancer Research International Otter Survival Fund Islay High School Islay Natural History Trust Islay Pipe Band Jane Austen John Ma¢tsggart Tru Jo Shire Memorial frust Kilbery 1821 CharL*able Tntst KulEn Oulruth Little Village London's Air Ambulance Macrnillan Cancer Suprx)rt Ma¢ggart Leisure Centre Marine Cons¢rvaiion Centre Mid Argyll Youih tkvelopmeni Seryices Moorfjelds Eye Charity MS Society Museum of Brexit 2,500 3,000 1,000 68,998 2,500 10.0 7.514 2.500 1,000 22,0 1,000 7,000 1,000 21
IAN MAcfAGGART CHARITABLE TRUST APPENDIX I NOTESTO THE ACCOUNTS FOR THE YEAR ENDED30 APRIL 2025 Donation5 Museum of Islay YCOS Cyber Café National Lobster Hatchery Omnibus Clapham Omnibus Theatre Open Se&% Trust OxfordshLTe Community Foundation Pancreatic Cancer Parkinson's UK Plaee2Be Polruan Trust Practkcal Action Projeei Sage Project Seaprnm Kape Crisis England & Wales Rape Crisis Scotland Reach Charity Refuge Reprieve 2,500 15,000 2,000 55.137 3,131 8,000 21,0 200 500 2,500 5.000 2,750 6.312 4,000 3.500 2.000 1.000 i.o(K) 2.500 769 6.500 5.000 4.750 6.426 20.0 5.500 5.OOQ 5(Kl 2,863 2,500 4,889 4.000 Ronald Ma¢donald Hous¢ ROSA Royal Hospital Chelsea Appeal Royal Marsden Cancer Charity Salisbury Volunteer Ambulance SASRA Scottish Gamekeepers Association Sex Malters for Evcryone Skipness Village Hall Community Slough Immigration Aid Unit Smart Works SOAR Southall Black Sisters Trusi Special Fortts Benevoleni Fwid St. John's Chur¢h Port Ellen Suicide & Co Survivor Space Oxfordshire Tarket Academy GP Fund Teenag¢ Caneer Trust The Big Give The Foard Trust The Injustic¢ Foundauon The Nia Project The Russell Trnst The Shannon Trust The Soho Theatre The Teapot Trnst Time to Talk West Berkshire Tommy's Tower Hamlets Law Centrr Trees for Cities Trinity College Cambridge Turtle Key Arts Under Orbe Roof Victoria and Albert Museum 70.000 4.000 150 2.500 1.000 2.000 i 00.(M)o S.(M)O 5.000 1,500 5.000 500 4,000 10,000 1,000 7,000 250 1.000
IAN MACTAGGART CHAIUTABLE TRUST APPEf4DIX NOTES TO THE ACCOUNIS FOR THE YEAR ENDED 311 APL 2025 Donations Voice of tk>mesti¢ wo¢[$ We Are Beyond Whitley Fund fOrNule Wilfred Weber Courtselling Supt Winston's Wish Women for Refvgee Women Women in Pri50n Women in Sport Women's Aid S,(0 3,0 2,(0 10.000 19,0 T•tAI 809.962 23