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|ObjectivesofTrust:|TheTrusteesshallapplythenetannualincomeforthebenefitofsuchcharitableorreligious|
|---|---|
||bodies,associationsororganisationsorsuchothercharitableobjectsorpurposewhichthe|
||lawregardsascharitableorforthebenefitofanypersonorpersonsinneedy circumstances.|
||TheTrusteesdo notengagedirectlyincharitableactivitiesorprojects.|
||BysupportofothercharitiestheTrusteesaimistoprovidepublicbenefitbyensuringthatthe|
||frontlinecharitableactivitiesofthoseorganisationscanbesustained.|
||TheprincipalactivityoftheTrustisgrantmaking.|
|GrantMakingPolicy|TheTrusteeshavecontinuedtheirpolicyofmakingdonationstothoseorganisationstheyfeel|
||requiremostsupportandwhosepurposesfallwithinthespectrumoftheTrustdeed.|
|ReportontheActivities|TheTrust'spublicbenefithasbeendischargedbymakingdonationsinaccordancewithits|
|oftheTrust|objectives,aimsandgrantmakingpolicy,toorganisationsdirectlyinvolvedintheprovision|
||ofcharitableservices.|
||IntheyearunderreviewtheTrusteesreceivedanumberofapplicationsandawarded|
||donationstotalling£12,565.00(2024£11,010.00)to10organisations(202411organisations)|
||asrecordedatNote8.|
|InvestmentPolicy|InaccordancewiththeTrustDeed,theTrusteeshavepowertoinvestinsuchstocks,shares,|
|andPerformance|investmentsandpropertyastheyintheirsolediscretionthinkfit.Followingareviewofthefunds|
||theTrusteesdecidedtotransfermanagementoftheinvestmentfunds,QuilterCheviot.|
||TheTrustees’investmentpolicyisgearedtowardsabalancedreturnbetweencapitalandincome.|
||Intheyearto30thSeptember2025capitalvalueshaveappreciatedby7.40%(2024appreciated|
||by3.44%)andgrossinvestmentincomeincreasedby200.77%(2024increased173.57%).The|
||capitalappreciationisafterdisposalstomeet donationsalthoughthishasbeenoff-setbyhigher|
||marketpricesattheaccountdate,asevidencedbyunrealisedgainsofapproximately£27,000.00.|
||Theincreaseininvestmentincomeisduetohigherdistributions.|





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||Notes|2025|2024|
|---|---|---|---|
|||£|E|
|Fixedassets||||
|Investments|3|376,554.00|352,877.36|
|Currentassets||||
|CashonDeposit||14,806.21|19,731.84|
|||14,806.21|19,731.84|
|Less:||||
|Currentliabilities||||
|Creditors:amountsfallingduewithintwelvemonths|2|(2,640.00)|(1,920.00)|
|||(2,640.00)|(1,920.00)|
|Netcurrentassets||12,166.21|17,811.84|
|Totalassets||388,720.21|370,689.20|
|Fundsofthecharity||||
|Unrestrictedfunds||388,720.21|370,689.20|
|Totalcharityfunds||388,720.21|370,689.20|
|Allfundsareunrestricted||||
|Thenotesonpages9to13formpartoftheseaccounts.||||





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|||Total||
|---|---|---|---|
||Notes|2025|2024|
|||£|£|
|Incomeandendowmentsfrom:||||
|Investments|4|7,595.56|4,524.34|
|Totalincome||7,595.56|4,524.34|
|Expenditureon:||||
|Costofraisingfunds||||
|Investmentmanagement||(2,841.70)|-|
|Charitableactivities||||
|Donations|8|(12,565.00)|(11,010.00)|
|Supportandgovernancecosts|5|(4,560.00)|(4,560.00)|
|Totalexpenditure||(19,966.70)|(15,570.00)|
|||(12,371.14)|(11,045.66)|
|Netgains/losses)oninvestments|3|30,402.15|26,717.34|
|Netincome/(expenditure)andnetmovementinfunds||18,031.01|15,671.68|
|Reconciliationoffunds||||
|Totalfundsbroughtforward||370,689.20|355,017.52|
|Totalfundscarriedforward||388,720.21|370,689.20|
|Allfundsareunrestricted||||
|Thenotesonpages9to13formpartoftheseaccounts.||||
|Alloftheamountsrelatetoongoingactivities.||||





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|Investments||2025<br>£|2024<br>£|
|---|---|---|---|
|Fairvalueasat30/09/24||352,877.36|341,126.79|
|Acquisitions||191,326.59|223,080.96|
|Disposals||(198,052.10)|(238,047.73)|
|Netrealisedgains/ (losses)|5,708.71||15,357.11|
|Unrealisedgains/ (losses)onrevaluation|24,693.44||11,360.23|
|||30,402.15||
|FairvalueofInvestmentsat30/09/25||376,554.00|352,877.36|
|||E|%|
|UKFixedInterest||83,278.00|22.12|
|OverseasFixedInterest||6,739.00|1.79|
|UKEquities||56,416.00|14.98|
|NorthAmericaEquities||117,712.00|31.27|
|Europe(ExUK)Equities||23,010.00|6.11|
|JapanEquities||9,468.00|2.51|
|Asia(ExJPN)Equities||4,950.00|1.31|
|EmergingMarkets||23,832.00|6.33|
|Global||4,118.00|1.09|
|AlternativeInvestments||47,031.00|12.49|
|||376,554.00|100.00|



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|4|Investmentincome|2025|2024|
|---|---|---|---|
|||£|£|
||Dividends&interest|7,051.73|3,512.39|
||Depositinterest|543.83|1,011.95|
|||7,595.56|4,924.34|





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|Supportandgovernancecosts||2025|2024|
|---|---|---|---|
|||£|£|
|Supportcosts||||
|TurcanConnellLegal&Administration||2,304.00|2,304.00|
|||2,304.00|2,304.00|
|Governancecosts||||
|TurcanConnell-Accountancy|1,536.00||1,536.00|
|IndependentExamination|720.00|2,256.00|720.00|
|||4,560.00|4,560.00|



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|8|Donations||S<br>iniS|oO|S<br>imB|ay|
|---|---|---|---|---|---|---|
||Health||||||
||RoyalCommonwealthSocietyfortheBlind|40.00|||||
||ChildGrowthFoundation|25.00|||||
||StJohn'sofJerusalemEyeHospitalGroup|2,560.00|||||
||||2,625.00||||
||Religion||||||
||ChurchoftheSacredHeartsofJesus&Mary|1,000.00|||1,000.00||
||||1,000.00||||
||CommunityDevelopment||||||
||FoundationScotland|100.00|||||
||TheGFestival|5,940.00|||||
||SimonRivett-CarnacTrust|100.00|||||
||EvelynGlennieFoSundation|500.00|||||
||ArmyCadetForceLeague,WestLowland|300.00|||||
||Hopefull|2,000.00|||||
||TheThresherRoom||||2,745.00||
||Siobhan'sTrust||||250.00||
||Sustain||||170.00||
||WatermillFoundation||||250.00||
||||8,940.00|||-|
||Conservation||||||
||GlobalCanopy||||||
||HampshireGardenTrust||||||
||||12,565.00||11,010.00||





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