Joseph Alexander Trllst Scottish Charity Number SC014277 Accounts for the yerdr ended 30 September 2025
Joseph Ai¢xaDder Trust Trustees. Annual Report and Accounts for the year ended 30 September 2025 The Trustees present their Trustees. report logether with the accounts for the year ended 30 September 2025. Charity Number: SC014277 Registered Address Top Croft Arniefoul Glamis By Forfar DD8 IUD Trnstees Charles Jackson- Chairnian Susan Mountford Irene Cuthbert Stewart Rooney Nathan Lindop Ailsa Lindop (appointed 2211012025) {appointed 2211012025) (appointed 2211012025) Strucre, Governance and Mallagement Governing document The Trust was set up by Joseph Alexander by Deed of Trust dated 30 August 1945, Memorandum of Instructions lo his Trustees and separate holograph writing both dated 12 July 1948, Codicil dated 21 November 1950 and Cy-Pres Scheme dated 21 March 1987. Appoiftlmenl of Iruslees Trustees are nominated by the existing Trustees and theftr appointment confim¢d by a fomal Deed of Assumption. The Trustees will deal appropriately as regards induction and training of any new Trustees being appointed. This will include awareness of a Trustee's responsibilities, the governing document, admini5trdlive pro¢ur¢S and the history and philosophical approach of the charity. A Thew Trustee will ceIVe copies of the previous year's accounts, minutes of recent Trustee meetings and be made aware of the guidance available on OSCR'S website. as appropriate. Objectives and Activities Churilablepurposes The Trust charitable purposes are: (a) the provision of grants to assist any musical soclety or association functioning in Kirriemuir..
Joseph Alexallder Trusl Trustees, Annual Report Accounts for the year ended 30 Sept¢mb¢r 2025 (b) the provision of bursaries for the study of art or drama and prizes for general merit to be awarded to pupils in schools situated in Kirriemuir- (c) the provision of grants or loans to assist voluntary bodies or associations for the promotion of interest in literature. art or recreation in Kirriemuir. Artlvliles The Trust supports Suitable charitable organisations and causes, particularly the arts, in Kirriemuir and District. Applications are sought and considered on a bi-annual basis. The Trustees continue to make awards to those considered suitable, having regard to the overall objectives of the Trust. During the year £11,405 (2024 £5.900) in lotal was paid oul to successful applicants. Reserves The reserves of the Trust originate from the initial bequest. together with movement in the value of investments and accumulated income. The TSteeS have adopted a reserves policy that should ensure the continuing ability of the Trust to meet its objectives. The level of UnStrICted reserves held at 30 September 2025 was £248,907 {2024 £223,408). Future Plans During recent years, the administration costs of the Trust had increased and the income from investments ha5 remained static. To reduce costs and to safeguard the future of the Trust. the administration, which had traditionally been undertaken by Thomlons Law LLP, was taken in house during 2024. This has reduced the administration costs significantly, allowing more funds to be available to allow the Trust to meet the charitable purposes without depleting reserves. Approv by the trustees and signed on their behalf by CLoLrL Charles Jackson Chaimian l April 2026
Joseph Alexander Trust Receipts And Plyments Account for the yeydr ended 30 September 2025 No¢es 2025 2024 Receipts Income from investments Proceeds from the sale of investments 5,227 35,869 6,561 120,818 Total receipts 41,096 127,379 Payments Investment mangemenl costs Payments relalin8 dillY to ¢haritabl¢ activities Governance costs Purchase of investments 2,020 11.405 1,905 5.900 4,820 115,473 34,638 Total payments 48,063 128,098 (Deficit)ISurplus for year (6.967) 719
Joseph Alexander Trust Statement of Balances As At 30 September 2025 2025 2024 Bank and Ch Opening balances Funds held by Thorntons Investment Management Limited Thorntons Law LLP client account Thomtons tAw LLP cash management account (Deficitysurplus for year 11,305 8.602 1,140 2,282 (719) 11,305 (6,967) 4,338 Closing balances Funds held by Thorntons Inv¢stm¢nt Management Limited Royal Bank of Scotland bank account 4,243 95 4,338 11,305 11,305 Reserves 4.338 11,305 Market Value of Investments 244,569 212,103 Approved by the Trustees and signed on their behalf by Irene Cuthbert l April 2026
Joseph Alexander Trus¢ Notes to the Aecounts for the year ended 30 September 2025 l Basis ofaceounting These accounts have been prepared on the Receipts and Paymenls basis in ordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities A¢¢ounls {ScotIand) Regulations 2006 (as amended). 2 Trustees remuneration and expenses No remuneration was paid to any charity trust¢¢ or p¢rson connected to a trustee during the 3 Income from investments 30.9.2025 30.9.2024 Dividends received on investments tnterest received on investments Other interest recevied 5,087 140 6,144 398 19 6,561 5,227 4 Inveslment m*nagemeDt Costs 30.9.2025 30.9.2024 Investment management fees Custody ¢harg¢s Foreign exchange charges 1,347 673 1,269 635 2,020 1,905 S Paymellts relating directty to eharitable activities 30.9.2025 30.9.2024 Grdnts.. Webst¢Vs High School Kinnordy Musi¢ F¢stival Noah Duncan Kirriemuir Panto Group Rising Young Stsrs DD8 Musi¢ Northmuir Primary School Southmuir Primary School Edinburgh Angus Club KAOS 2,150 1,500 1,500 1,500 2,500 2.000 2,900 1,000 400 400 200 1,000 Promolion costs 255 11,405 5.900
Joseph Alexander Trust Notes to the Aceounts for the year ended 30 Seplember 2025 6 Governance costs 30.9.2025 30.92024 Thornton5 Law LLP administration fees Independent examiners fees 4,820 4,820
Independellt Examiner's Report to lh¢ Trustees of Joseph Alexander Trust I report on the account5 of the Charity for the period ended 30 September 2025 which are set out on pages I to6. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the ternis of the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation l O(l} (d) 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 mallers have come to my attention. Basis of independent examiner's statement My examination is caLTied out in accordance with Regulation I l of the Charities Accounts (Scotland) Regulations 2006 (as amended). 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 trustee5 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 expSS an audit opinion on the view given by the accounts. Independent examiner's statement In the course of my 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 re¢ords in a¢¢ordance 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 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. ennifer Welsh BA(HoDS) FCCA Irvine Adamson Chartered Accountants & Chartered Tax Advisers 7 St Malcolm's Wynd Kirriemuir Angus DD8 4HB 3 April 2026