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QUEENSBERRY HOUSE TRUST
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
SCOTTISH CHARITY NUMBER: SC017328
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QUEENSBERRY HOUSE TRUST
CONTENTS
Page Trustees’ Report 1-5 Independent Auditor’s Report to the Trustees 6-8 Statement of Financial Activities 9 Balance Sheet 10 Notes to the Financial Statements 11-16
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QUEENSBERRY HOUSE TRUST
TRUSTEES’ REPORT
For the year ended 30 June 2025
Introduction
The Trustees present their report and the financial statements of the Trust for the year ended 30 June 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust Deed, the Charities and Trustee Investment (Scotland) Act 2005; the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) published in October 2019.
Objectives, activities and grant-making policy
The Trust funds originate from the winding up of Queensberry House Hospital which closed in 1996. The Trustees hold these funds for the purposes specified in Clause Second of the Declaration of Trust (as amended), namely that they should be applied for such charitable purposes only within the United Kingdom as are within the meaning assigned to the term "charitable purposes" in the context of Sections 505 and 506 of the ICTA 1988 or any subsequent amendment thereto.
The Trustees have power to apply the capital and the income of the Trust funds towards these purposes to such an extent as they may from time to time think fit and, in so far as any such income is not so utilised in any one year, it may at the Trustees’ discretion either be retained by them and expended in the following year or years for the Trust's purposes or added to the capital of the trust funds.
Although the Trust's charitable objectives are drawn in wide terms in the Trust Deed, in practice the Trustees have adopted and generally follow specific grant-giving criteria which are reviewed from time to time. At the present time the general principles which have been adopted by the Trustees with regard to the disbursement of funds are that it should be:
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° where a need is shown; ° where a donation from the Trust would make a significant difference to the charity concerned,
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. having regard to the locality in which the former Queensberry House Hospital was located; and
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° taking account of historic links.
Achievements and performance
During the year the Trustees agreed to make grants to 21 (2024: 17) charities totalling £159,244 (2024: £120,547); details of the recipients are shown in note 3 to the financial statements. All these grants were paid out during the year and there were no grants or commitments outstanding at the year end.
Financial review
The results for the year are set out in the Statement of Financial Activities on page 9. The total income received by the Trust during the year amounted to £134,407 (2024: £137,295). With expenditure of £172,668 (2024: £130,547), there was net expenditure before gains and losses on investments of £38,261 (2024: net income of £6,748). Net gains on investments for the year amounted to £37,402 (2024: gains of £430,660), resulting in net expenditure for the year of £859 (2024: net income of £437,408).
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QUEENSBERRY HOUSE TRUST
TRUSTEES’ REPORT
For the year ended 30 June 2025
Financial review (continued)
All funds held by the Trust are unrestricted. The value of these funds held as at 30 June 2025 amounted to £4,852,417 (2024: £4,853,276). The Trust’s free reserves, defined as those unrestricted reserves not tied up in fixed assets, was £35,727 (2024: £41,564). The Trustees are satisfied that adequate funds were available at the year end to continue to fulfil the charitable objectives of the Trust.
Investment policy and performance
The Trustees recognise that an appropriate balance has to be struck between competing objectives of achieving an acceptable financial return, implementing sound ethical investment principles and the cost of applying an appropriate ethical investment policy.
Having considered these issues and bearing in mind the size of the Trust's investment portfolio, the Trustees believe it is appropriate for the Trust to operate on the following basis:
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No direct investment may be undertaken into companies whose primary activity (by which is meant over 10% of turnover) is gambling or includes the manufacture of arms, alcohol or tobacco.
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The Trustees consider that it is not practical for them to avoid indirect investment within collective funds into these areas without compromising too far on both the costs of professional investment management and the requirement to achieve a satisfactory financial return.
The annual income generated from the trust investments provides the means whereby the Trust is able to fulfil its purposes; the investment objective of the Trustees is therefore to generate a consistent level of annual income from the investment portfolio which will allow them to consider appropriate funding requests. The target yield is in the region of 3%. To implement that objective Sarasin & Partners LLP manage the investment portfolio on behalf of the Trustees. The value of the portfolio increased from £4,811,712 to £4,816,690 during the period.
The investment income received by the Trust during the year amounted to £134,407 (2024: £137,295), This represented a yield of 2.79% on the value of the trust funds at 30 June 2025 (2024: 2.85%).
Risk management
The Trustees regularly consider the main risks that the charity faces and confirm that appropriate systems are established to mitigate these. These mainly relate to investment management and are met through the support of the Trust's professional advisers. The Trustees are aware of risks associated with grant-making and give careful consideration to all applications.
Reserves policy
The Trustees regard the capital as their funding base, the purpose of which is to generate income. They expect that, as a result of the income targets, over the longer term the capital will be preserved in real terms.
Itis the Trustees’ wish that they maintain both income levels and grant giving. The level of unrestricted reserves is less important than the yield on the investments, and as all expenditure is discretionary, no figure for free reserves has been identified.
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QUEENSBERRY HOUSE TRUST
TRUSTEES’ REPORT
For the year ended 30 June 2025
Structure, governance and management The Trust is constituted by a Declaration of Trust by The Reverend Charles Robertson and others dated 28 June 1996 and registered in the Books of Council and Session on 11 July 1996 as amended by a Supplementary Minute of Agreement dated 27 January 2009 and registered 17 April 2009.
The Trustees who served during the period of these Accounts are noted below.
The Trustees, who have wide investment powers, meet approximately every six months to review the financial position of the Trust and make decisions on the application of income for charitable purposes. The charity is administered on a day-to-day basis by the Secretary and Treasurer of the Trust, Helen Kidd, partner of Lindsays. Sarasin & Partners LLP, in liaison with the Investment Sub-committee (comprising lain Reid, Alex Everett and Richard Sloss) monitor and advise upon the composition of the investment portfolio on behalf of the Trustees.
At each autumn meeting one-third of the Trustees from time to time, or, if their number is not a multiple of three, then the number nearest to one-third, shall retire from office. The Trustees to retire each year shall be those who have been longest in office since their last election, but as between persons who became Trustees on the same day, those to retire shall (unless the trustees agree amongst themselves) be determined by lot.
Retiring Trustees shall be eligible for re-appointment for consecutive periods not exceeding in aggregate nine years from the date of their original appointment or, in the case of Trustees serving at the date of adoption of this policy, nine years from that date, but thereafter shall then stand down for a period of at least one year.
In addition to the Trustees so elected, further Trustees may be co-opted from time to time between autumn meetings, but any such appointment shall require to be ratified at the next Trustee meeting.
Reference and administration information
Scottish charity number
$C€017328
Principal address Caledonian Exchange 19A Canning Street Edinburgh EH3 8HE
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QUEENSBERRY HOUSE TRUST
TRUSTEES’ REPORT For the year ended 30 June 2025
Reference and administration information (continued)
Trustees
¥ Reverend Neil Gardner (Chair) (Appointed 5 November 2024) Dr Roger G Smith (Chair) (Resigned 5 November 2024) lain A Reid (Resigned 27 October 2025) Su Millar (Resigned 27 October 2025)
. David Reith / Richard Sloss y Alex Everett y Dougal Binnie (Appointed 28 April 2025) , Callum Kennedy (Appointed 23 February 2026)
Secretary and Treasurer
Helen Kidd (Secretary and Treasurer) (Appointed 27 October 2025} Callum Kennedy (Secretary and Treasurer) (Resigned 31 July 2025}
Secretaries and Legal Advisors Lindsays Caledonian Exchange 19A Canning Street Edinburgh EH3 8HE Auditors MHA 6 St Colme Street Edinburgh EH3 6AD Investment Managers Sarasin & Partners LLP Juxon House 100 St Paul's Churchyard London EC4M 8BU
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QUEENSBERRY HOUSE TRUST
TRUSTEES’ REPORT
For the year ended 30 June 2025
Statement of Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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e select suitable accounting policies and then apply them consistently;
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e observe the methods and principles of the Charity SORP 2019 (FRS 102);
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e make judgements and estimates that are reasonable and prudent;
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e state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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e prepare financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and which enable it to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the Trust Deed. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 19 March 2026 and signed on their behalf by:
a
Reverend Neil Gardner Chairman
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Independent Auditor’s Report
To the Trustees of Queensberry House Trust
Opinion
We have audited the financial statements of Queensberry House Trust (the ‘charity’) for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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e give a true and fair view of the state of the charity’s affairs as at 30 June 2025, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended
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e have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; an
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e have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Trust's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the Trustees’ Report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the Trustees’ Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
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Independent Auditor’s Report
To the Trustees of Queensberry House Trust (continued)
Other information (continued)
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:
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the information given in the financial statements is inconsistent in any material respect with the Trustees’ Report; or
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© proper accounting records have not been kept; or
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e the financial statements are not in agreement with the accounting records; or
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e we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in Statement of Trustees’ Responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
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Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 44(1}(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with regulations made under that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with !SAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
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Independent Auditor’s Report
To the Trustees of Queensberry House Trust (continued)
Auditor’s responsibilities for the audit of the financial statements (continued)
The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:
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e Enquiry of management and those charged with governance around actual and potential litigation and claims;
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e Enquiry of charity management and those charged with governance to identify any instances of non-compliance with laws and regulations;
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e Performing audit work over the risk of management override of controls, including the testing of journal entries and other adjustments for appropriateness, evaluating the rationale of significant transactions outside the normal course of the charity’s activities and reviewing accounting estimates for bias;
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6 Reviewing minutes of meetings of those charged with governance;
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e Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: : https://www.frc.org.uk/auditorsresponsiblities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
MHA 19 March 2026 Statutory Auditors 6 St Colme Street Edinburgh EH3 6AD
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number 0C455542).
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006.
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QUEENSBERRY HOUSE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 30 June 2025
| Notes | Unrestricted | Unrestricted | |
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Income from: | |||
| Investments | 2 | 134,407 | 137,295 |
| Expenditure on: | |||
| Charitable activities | 3 | 172,668 | 130,547 |
| Net (expenditure}/income before gains on investments | (38,261) | 6,748 | |
| Net gains on investments | 5 | 37,402 | 430,660 |
| Net (expenditure)/income and net movement infunds | (859) | 437,408 | |
| Reconciliation of funds | |||
| Total funds brought forward | 6 | 4,853,276 | 4,415,868 |
| Totalfundscarriedforward | 6 | 4,852,417 | 4,853,276 |
All income and expenditure derive from continuing activities.
The notes on pages 11 to 16 form part of these financial statements.
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QUEENSBERRY HOUSE TRUST
BALANCE SHEET
For the year ended 30 June 2025
| . | Notes | 30 June | 30 June | |
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 5 | 4,816,690 | 4,811,712 | |
| Current assets | ||||
| Cash held by Lindsays | 43,631 | 54,623 | ||
| Cash held by Sarasins | 796 | 631 | ||
| 44,427 | 55,254 | |||
| Creditors: amounts falling due within one year | ||||
| Accruals | (8,700} | (13,690) | ||
| Net current assets | 35,727 | 41,564 | ||
| Net assets | 4,852,417 | 4,853,276 | ||
| Funds | ||||
| Unrestrictedfunds | 6 | 4,852,417 | 4,853,276 |
These financial statements were approved and authorised for issue on 19 March 2026 and are signed on behalf of the Trustees by:
Reverend Neil Gardner Chairman
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QUEENSBERRY HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2025
1 Accounting policies
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
- (a) General information and basis of preparation
Queensberry House Trust is an unincorporated charitable trust, registered in Scotland, Scottish Charity Number SCO17328. The address of the registered office is 19A Canning Street, Edinburgh, EH3 8HE.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The Trust meets the definition of a public benefit entity under FRS 102.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulation 2006 (as amended) and UK Generally Accepted Accounting Practice.
;
- (b) Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered performance and financial position of the Trust and the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The expected income and expenditure is sufficient with the level of reserves for the Trust to be able to continue as a going concern.
(c) Income All income is recognised once the Trust has entitlement to the income, it is probable that the income will be received and the amount of income can be measured reliably.
Income from investments is included in the year in which it is receivable and when the amount can be measured reliably. Interest on funds held on deposit is included when receivable; this is normally upon notification of the interest paid or payable by the Bank. Dividends are recognised once the dividends have been declared and notification has been received of the dividend due.
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QUEENSBERRY HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2025
1 Accounting policies (continued)
(d) Expenditure
- Expenditure is recognised once there is a legal or constructive obligation committing the Trust to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. The Trust is not registered for VAT, therefore expenditure includes irrecoverable VAT.
Expenditure on raising funds includes costs associated with generating income from the Trust through its investment portfolio.
Charitable expenditure comprises those costs incurred by the Trust in the delivery of its grant making activities. It includes both costs which can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Expenditure on grants is recorded once the Trust has made an unconditional commitment to pay the grant and this is communicated to the beneficiary or the grant has been paid, whichever is the earlier.
Support costs are allocated between governance costs and other support costs. Governance costs include these costs associated with meeting the constitutional and statutory requirements of the Trust and include the statutory audit fees and costs linked to strategic management of the Trust. Other support costs relate to the administrative costs of running the Trust. (e) Investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.
Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
The main form of financial risk faced by the Trust is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
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QUEENSBERRY HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2025
1 Accounting policies (continued)
(f}) Debtors Debtors are measured at their recoverable amount and included when reasonable certainty exists over their receipt. Prepayments are valued at the amount prepaid.
- (g) Cash at bank and in hand Cash at bank and in hand includes cash and highly liquid short-term investments with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
(h) Creditors and provisions
Creditors and provisions are recognised where the Trust has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount due.
(i) — Financial instruments The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measure at that settlement value.
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(i) Fund accounting Unrestricted funds are those funds that can used in accordance with the objectives of the Trust at the discretion of Trustees.
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(k) Judgements in applying key sources of estimation uncertainty In the application of the Trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
In the view of the Trustees, no critical accounting estimates or judgements have been made in these financial statements.
| 2 | Investment income | Unrestricted | Unrestricted |
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Income from listed investments | 130,256 | 132,031 | |
| Income from funds held by Sarasin and Lindsays | 1,410 | 3,215 | |
| Sarasin management fee rebate | 2,741 | 2,049 | |
| 134,407 | 137,295 |
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QUEENSBERRY HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2025
| 3 | Charitable activities | Unrestricted | Unrestricted |
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Donations made | |||
| Alzheimer Scotland | 35,000 | - | |
| LIFT@ Muirhouse Millenium Centre | 13,244 | - | |
| OurCommunity Kitchen | 11,000 | - | |
| Edinburgh OldTown Development Trust | 10,000 | - | |
| Care for Carers | 10,000 | 6,200 | |
| Big Hearts CommunityTrust | 10,000 | - | |
| Open Door Edinburgh | 8,000 | 4,534 | |
| Rosebery Centre | 5,000 | - | |
| SPARK | 5,000 | - | |
| Therapet (Canine Concern Scotland) | 5,000 | - | |
| Blood Bikes Scotland | 5,000 | - | |
| SPACE @ The Broomhouse Hub | 5,000 | - | |
| Polbeth Community Hub | 5,000 | - | |
| Prestonfield & District Neighbourhood Workers Project | 5,000 | - | |
| Corstorphine Community Centre | 5,000 | - | |
| Fruitmarket, Edinburgh | 5,000 | - | |
| Carers ofWest Lothian | 5,000 | - | |
| West Lothian 50+ Network SCIO | 5,000 | 10,000 | |
| Edinburgh Headway Group | 3,000 | - | |
| Vintage Chorus | 2,000 | - | |
| WHALE Arts | 2,000 | - | |
| Southside Faith Care | - | 15,000 | |
| British Society of Lifestyle Medicine | - | 10,000 | |
| Faith in Older People | - | 10,000 | |
| Hourglass (SaferAging} | - | 10,000 | |
| Tap Into ITWhereYou Are Ltd | - | 10,000 | |
| You’re Never Too Old | - | 7,000 | |
| People KnowHow | - | 5,155 | |
| B HealthyTogether | - | 5,000 | |
| CommunityOne Stop Shop | - | 5,000 | |
| Edinburgh City Mission | - | 5,000 | |
| FAIR Ltd | - | 5,000 | |
| Lothian Centre for Inclusive Living | - | 5,000 | |
| VOCAL | - | 4,158 | |
| The Cheyne Gang | - | 3,500 | |
| Totaldirectcharitableexpenditure | 159,244 | 120,547 |
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QUEENSBERRY HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2025
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|---|---|---|---|---|---|---|
|3|Charitable|activities|(continued)|Unrestricted|Unrestricted|
|2025|2024|
|£|£|
|Support|costs|
|Secretarial,|legal|and|administration|costs|4,500|4,500|
|Miscellaneous|expenses|224|224|
|Accounting|fee|750|480|
|Governance|costs|7,950|4,796|
|Total|support|costs|13,424|10,000|
|Total|charitable|expenditure|172,668|130,547|
|Governance|costs|comprise|
|Legal|fees|1,500|1,500|
|Miscellaneous|expenses|-|86|
|Audit|fee|6,450|3,210|
|7,950|4,796|
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4 Trustees’ remuneration and expenses
The Trust has no employees. No Trustee received any remuneration in either the current or prior year. No Trustee received any reimbursement of travel expenses in the current year (2024: £nil). The Trustees did attend a lunch in the prior year at a total cost of £86.
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|5|Investments|2025|2024|
|£|£|
|Market|value|
|At|1|July|4,811,712|4,347,356|
|Additions|at|cost|1,850|33,696|
|Disposal|proceeds|(34,274)|-|
|Gains|on|revaluation|37,402|430,660|
|At|30|June|4,816,690|4,811,712|
|Historic|cost|4,594,436|4,626,071|
|The|following|investments|comprise|more|than|5%|of|listed|investments:|
|Sarasin|Endowments|Fund|Class A|Inc|4,816,690|4,811,712|
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Docusign Envelope ID: 383D3FFAC-4193-45F5-89AB-7A762E251719
QUEENSBERRY HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2025
| 6 | Movement in | funds | ||||
|---|---|---|---|---|---|---|
| Gains/ | ||||||
| At 1 July | Income —_Expenditure | (losses) | At 30June | |||
| £ | £ | £ | £ | £ | ||
| 2024/25 | ||||||
| Unrestricted | 4,853,276 | 134,407 | (172,668) | 37,402 | 4,852,417 | |
| 2023/24 | ||||||
| Unrestricted | 4,415,868 | 137,295 | (130,547) | 430,660 | 4,853,276 |
7 Related party transactions
Helen Kidd is a partner of Lindsays LLP and Callum S Kennedy WS was a partner at Lindsays LLP during the year. Secretarial and administration fees of £6,000 (2024: £6,000) were charged by Lindsays LLP in the year. Creditors at 30 June 2025 include £1,500 (2024: £nil) in respect of these fees.
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