SAP/SCA
DA0419-0002
THE scorr.DAVIDSON CHARThABLE TRUST
Scottish offi￿ Charit*s No.. SC015935
TRUSTEES. ANNUAL REPORT
AND ACCOUNTS
FOR THE YEAR ENDED 8 0￿08£R 2024

IHE SCO￿.DAvID5ON CHARttA8LETRUST
Report ofthetntstees for the end¢d 8 Oclol*r 2024
Referen￿ and admsnistrative inforrnthn
Trustees
Pr¢nciod Office and Solicitors
Mtthe115 Robertortr Solicit(xs
Geor8e House
36 North Hon￿eT Street
GlasEowGI 2AD
rity Nurn￿r. K015935
8ankers
The Roy31 Bank of Scotland PLC
Glaseowclty Branth
10 Gordon Street
Glas8owGI 3PL
InvestmentAthiser
Rathbones Investment Mafta8Èment
G￿rge No￿e
SOGeorge Square
Glasg¢>wG2 IEH

IHE S(OTh.DAVIDSON CIIARITABLE TRUST
Report ofthe Ifttst￿ forthe year ?nded 8 Ortober 2024 (Contd.)
StructUfE* goVerna￿e aml manaE•nffit
F¢￿ndin
Documents and Trustees
The Scott-oavidson Char¥tsble Twst is an unincorporated tharItab￿ trust established
in 1983 by the late Walter W¥Niam Scott-Oavic150n in terms of his Trust tssposition and
Settlement dated 12th August 1983 and frfteen relaii¥E Codicils. The main tharitable
provisions are contained in the thdKil dated 16th N¢J**mber 1986.
The Trustees are aprA)inted irÈ accothncewiih theterm50f the Constituent Tnjst
During the accounting ￿8T reported on ￿ Trustees were:.
Ris* ma￿alen*￿t
Thè trustees have con%dered the major ri5kstowhichthe char4tat4e tnJst i%expo5ed.
Th*y reviewed those risks aAd established $ysten￿ and proceduies to manoge
them.
04etd¥es and a(tivitles
The trust piwpose specified in the fr￿ndIn6 downents 15 to wThide for payment of the
whole orsuth part of the f¥ee income of the TIu5t a5 the Trustees in thelr absoluie
scretion Thayfrom time to timedeEide foi SLKh dwritaile purpose$ 411¢..udirtg
payments to orftjr the LEnefitof ¢r*dividuats or to such charrtable ins[ff￿1O￿, 9xÈtles.
foundationsorfunds a5 the Trustees in Ihelr absOl￿e select. The Tnstees
&150 have full wwer at theor abS￿￿e dtscretion w encroxh upon neossary.

THE Sco￿￿AvIDSOPl (HARITA8LÈ7Rusr
Report of the tru5tee5 forthe yew ended 80rtober2024 {Contd.I
Grant making poliry
TheTrustee5 award grants in attordance with the Tntst Deed.
DUri￿g the year to 8 Oct¢)ber 2024 expendrture on tharitable aclivities wa5 £22.C
compared WFih £22.215 fw the pre￿ts￿ year.
The Trustees have undertaken and will continue to undertake their (￿toMary range
of actiwties all of which are in accordan(e withthetemts of theTrusL
Financial Review
Investment income arisir* dufjng the year totalled £23,035 (previous year £19.9051.
Investment poli¢yand performarKe
In terms ofthe founding documents, theTry￿ee5 are empowered to in*st the trust
funds in or ￿nd the on the 5ecurrty of any heritable or ￿81 pioperty any sttjcks
or shares or other *cutitse5 whether 3￿hOr[Sed by law for investment bytfustees or
not. The Strategy adopted bythe Trnsrees is to proiett the undertryin8 value of the
capital whilst focussin8 on 8eneratin8 incometo allow the dwityio attain its objectives.
Investment deciyons are made bythe Tnstees after tonsultstion ￿. and on
considering the advice ol. the St(*kbrokers who are aw3rÈ of the strateKy adopted. The
stockbrokers prepare valuat*Jns and reports annualty. The wNrfolio ts reviewed
regujarty.
ReseNes poli¢y
The Trustee5 retain sufficient Teserves to ensu￿ that it is able to meet its overhe
and objectives.

THE SCOTt-DAVIDSON CKARITA8iE TRUST
Report of the trustees for the ￿8T Ènded 8 2024 {C4)ntd.I
TnFstees' responsibililies in relationto the finamiat strtements
Chèrity lèw requirès the Trustees to prepaie or have prepaied rm their behatf
Aciounts for èach linantial yÈar whith gtvÈ a iruÈ and fail wew of the state of affairs
of the Trust and of the income and expendrturÈ of thè Trust for that period. In
preparFn8 t￿se accounts. the frustees are reQui￿d to'._
select suitsble aCc￿￿tIn8 polioes and then applythem tonsi5tently
Make judgements and *￿¥mate$that are reasonableand yuéent
prepare the Accounts on the orgoin8concern basis unless it is
inapproprk2te to prp5ume that the tha[btsb￿ tr￿St wll tontihue in e¥isten￿,.
The TIu51ees are respofj5ib￿ for keeping proper accountsng ￿ordS ￿•th discbse
with reasonable acturècy at any time the finantiil posrtion tsfThe Scott-DaYKIso
charitib￿ Trust and to enable them to ensure that rhe accounts comply wtth the
Charities and Trustee Investment {s￿Elan￿) Ati 2(MJ5 and ihe Charilies Ac£¢unts
Isirjilèndl Regulations 2006, la5 anEndedl. They are a150 re5PQll54ble fof
safe gUardi￿g the a55et5 of The Swtt-D3vid50Tr Charitable Trust and hence for
takn.ng reasonable steps forthe preventK¢n and detection of fraud andotheT
Irregular¢ies_
Approved by the trusiee5 on....................._..._....... and g8ned (ffi their behaff
Date.....
Zoz

7HE SCOTh-DAVID50N CHARttA8LE TRLIST
NDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF
THE sCO￿-DAVID￿Pl CHARifAbLE TRUSr
YEAR ENDED 8 ocfoBFR 1024
I report on the accounts ofthe Charityfc* the yeaf ended 8 October 2024 which are
set out on page5 7 to 10.
Respectl¥e responslbilities of trustees ayrfl examlner
The Charity's Tru#ees are responsible for the preparèiion of the accounts in
attordance with the iem)s of the Charities and Trustee Investrnenl Iscotlandl Att
2005 at7d the Chanties Accounts IScodandS Regulation5 2[￿ las amendedl.
The charsW5 tTUStees consider thatthe audtt requirement of Regulation Iolllldl of
the 2006 Accounts Regulations doe5 r￿t app￿.
It is my Tespon5ibility to examine the accounts as requThl under section 44IIMcl of
theAct and to stste whether particular matters habt corne to my attentth.
Basis of iT￿ependent exarnirrfsstatement
My examinati¢￿ is carried out in accordance with Regulation 11 of the 2¢X)6Accounts
Regulations. An examination indudes a revw of the accoun1j￿ ie(ords kept bythe
Chafity and a comparison ofthe atcovnts presented with those records. It
includes consideiation ol any unusual items ordi5c105ure5 in the account5. and
Seeks explanatior5s from the Trustees conteming anysuch matters. The
procedures undertaken to do not provide all the eviden￿ that would be
requ>red in an audir. and tonsequenuy I do not express an audit opinion oft
the view gNen bythe account&
Independefftt evmlnee5 51aternent
In the COUT5e of my examfv)atw)n. rn matter has come to my attention
l. which gtves me reaSOnab￿caUse to believe that in any material respett the
requirements:
to keep accounti￿ rec￿5 bn aCcwdanCe7￿th Sectw 44IIKal of the
21X)5 Act and Ilegulation 4 of ihe Accounts Re8ulatKJns and
to prepare accounts *thich xcord with the accounting records and
COMP￿ with ReWJ1a￿Tr 9 of 2(I)6Accounts Regulations
have not been met or

ThE5C(I￿4>A¥lDS1XIcHA1￿ABLETRI1ST
IP4QEPP4LKNfEXAMINWSRfPORTTOTHEIRUSTELSCf
THESCOTT4>AVIDSON CHAIOTABiETrusr
YEAR ENDED8 (ffOBER2024
2. towhich. in myopinian. attention thould bedr•Afn ordtrtoenablea prop
urdUst￿￿1￿S0fthe0cCcUntSto ber￿h￿l.

2024
Z023
RecÈipts
Investment Inco¢r
Total intsjffle
23,035
23.035
19.905
19.905
In¥esvnentSales/Equaltsaiv)ns
179.
1,491
Total receipts
20Z.188
21.396
Pa¥ments
Pay7nents forCharrEab￿ activit￿".
Grants
Total paymentsfortharktsble
22,(#XI
22.21S
22215
Governance Costs..
Sto£kbrokeV5 administration
Law Agent's fee
Independent examiner'5fee
Tot31 gLvemanre costs
5.515
5.251
275
260
7.311
Investment Purthases
179386
io,ryJo
Totsl payTheDts
208.976
39,526
SurpWIDÈft511 forp
{6.788)
Cash Fumdslastytarend
Cash F￿thIS year efid
49554
42.766
67.683
49￿54

ush kn h•nd
Opailr¥ iwlBnces
rplusl{Deficft)foryw
aD￿n￿b￿￿e$
49551
(&7881
417fj6
67,683
I￿.130)
49J54
54OJ41
- 3ULy , 20￿ 4)n thÈirbehaYby

THE sCO￿-DAvIDSO1j CHARITABLETRU
Notes on the actounts for the ¥eaT tnded 80cEober2024
T¥ustees received noemolvments12023 £nill and no expenses (2023 £nbll.
2024
2023
DMDENDS. UK ewities
FIXED INTEREST- UK
DIVIDENDS- UX UnitT¥usts
INTEREST- UK Unit Trusts
DIVIDENDS- Inve51me¥rt Twsts
DIVIDENDS- UK equ•￿eS IPIDS recer¥ed gross}
DIVIDENDS- ￿else0$ Secwities Eoubtie5
BANX l￿fEREsT
8.133
3.174
2.714
1597
424
1,645
7,503
1,419
3,881
1.768
416
1.269
2,925
726
19.905
661
I3￿35
Investment saleslequalisatioTrs
2024
2023
Receipts from sales/equalisations
I￿.153
1.491
2023
ChartEabie
nts
2023
18-Oct National Youth Choirof Scotland. Perth ReEional Choir
18-Oct Seamab
18-Oct Regtonal Screen Scothnd
Igoct Kinross Vo￿nI￿er Group- Rbjfal Ovtrea¢h Stheme
19-Oct Rural Atcess Committee of Kinross. 2ThJ of3 tnstaln*n
25-Oct A Moment's Peace TheatTe Cornpanv
2024
25-Jan ErskiTre Hospttal
26-Jan Children's Music ￿ndatiOn in Scotland Ltd- Perth Pr(ye¢i
31-Jan Kinross & DF5tFlCtJunioT AEricultural aub
01-Feb Perthshire Societyof Natural Suente
15-Apr RSNO Society Ltd- 2nd instalment of 3 instalments
21-Jun Scotland's Air Ambulance
21-Jun Eastern Amateur Coastal ftow1￿ aub
21-Jun The 8enedetti Foundation
28-JuTh Cleish Village Hall Association
28-JLtn King Ge0￿e V playi￿ Field tt*lopment
1.SC(I
1.5L¥)
2.5(
250
1250
22.215

-iO-
THE SCOTT.DAVII>SON al￿ABlE7RVST
Notes on the acwuntsfortht yew ended 8 Odober 2024 Icontd.I
Governance costs
2024
2023
Stockbroker's administrat
law Agent'sfee
Independent eKaminersfee
5.51S
5.251
1.800
275
7590
7.311
2024
2023
Acquisitions
179386
lo.￿7
Bank and cash kn hènd
2024
2023
Cash held by MTlche115 Roberton lal
Cash held by Mitchells Iloberton Ibl
Cash held by Rathbones. Czprtal
Cash held by Rathb(￿- Revenue
17.685
io
23.237
1,834
41766
19.576
io
28,98S
49.554
2024
UK equities
UK fvAeil tnterest
UK urtit noTrinterest
UK unit trusts intete5t beari
Other income Ipropertyl
Overseas seoJritRs equities
2(rJ.686
96,647
88￿41
61,233
25.580
159.314
64OJOi
198,799
40.414
127,593
49,793
20,424
143,318
580341