2025-04-05-accounts - The Blair Trust

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APPENDIX 2

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The Blair Trust

SC018040

Receipts and payments accounts

				Period start date	Period start date	Period start date	Period start date				Period end date	Period end date	Period end date	Period end date
	For the period from	06 Day		April Month			2024 Year Year	to	Day 05		Month April				Year 2025

Section A Statement of receipts and payments Unrestricted funds Restricted funds					Expendable endowment funds				Permanent endowment funds			Total funds current period					Total funds last period	Total funds last
	to nearest £	to nearest £			to nearest £	to nearest £			to nearest £			to nearest £					to nearest £	to nearest £
A1 Receipts
Donations	5,000											5	5	5	5,000		5	5,000
Legacies												-	-	-	-	-
Grants												-	-	-	-	-
Receipts from fundraisingactivities												-	-	-	-	-
Gross tradingreceipts												-	-	-	-	-
Income from investments other than	14,234											14	14	14	14,234	234	14,441
Rents from land & buildings												-	-	-	-	-	-	-
Gross receipts from other charitable												-	-	-	-	-
												-	-	-	-	-
*A1 Sub total*	A1 Sub total 19,234	-	-	-	-	-	-		-	-	-	19	19	19	19,234	234	19,441
A2 Receipts from asset &
Proceeds from sale of fixed assets - Proceeds from sale of investments - A2 Sub total - - - Total receipts 19,234 - - ~~—~~									- -	- -	- -	- - - 19,234	- - - 19,234	- - - 19,234	- - - 19,234	- - - 19,234	- - - 19,441
A3 Payments
Expenses for fundraising activities												-	-	-	-	-
Gross trading payments												-	-	-	-	-	-	-
Investment management costs	1,041											1	1	1	1,041		953	953
Payments relating directly to charitable	Payments relating directly to charitable											-	-	-	-	-	-	-
Grants and donations	15,500											15	15	15	15,500	500	17,900
Governance costs:
												-	-	-	-	-	-	-
Audit / independent examination	540											540	540	540	540		540	540
Preparation of annual accounts												-	-	-	-	-	-	-
Legal costs	-											-	-	-	-	-	-	-
Other	Other-											-	-	-	-	-	-	-
												-	-	-	-	-
**A3 Sub total **	17,081	-	-	-	-	-	-		-	-	-	17,081	17,081	17,081	17,081	17,081	19,393
A4 Payments relating to asset and
Repayment of Mortgage - - - Net Purchase of investments - - - A4 Sub total - - - - - - Total payments 17,081 - - - 17,081 19,393 ~~—==-===~~
*Net receipts / (payments)* A5 Transfers to / (from) funds *Surplus / (deficit) for year*	2,153 - - - 2,153 48 - 2,153 - - - 2,153 48 ~~===——~~

APPENDIX 2

SC018040

The Blair Trust

Section B Statement of balances

Details	Unrestricted funds to nearest £ 21,235 2,153	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £	Total last period to nearest £
Cash and bank balances at start of year					21,235	21,187
Surplus / (deficit) shown on receipts and payments account					2,153	48
					-
					-
Cash and bank balances at end of year Details (Agree balances with receipts and payments account(s))	23,388	-	-	-	23,388	21,235
	-	-	-	- asset belongs	-	-
			Fund to which		Market valuation to nearest £	Last year to nearest £
Listed investments market value			Unrest	ricted	308,387	326,090
					-	-



Details		Fund to which	asset belongs	Total Cost (if available) to nearest £	308,387	326,090
					Current value (if available) to nearest £	Last year to nearest £
Freehold land and buildings		Unres	tricted	-	-	-








Details			Total Fund to which l	-	-	-
				iability relates	Amount due to nearest £	Last year to nearest £
Mortgage					-	-




Details			Fund to which l	Total iability relates	-	-
					Amount due to nearest £	Last year to nearest £



Signature			Print Name	Total	-	-
						Date of approval
			Mr A J G	ammell		02 April 2026

draft Excel copy for client of The Blair Trust RP accounts 05.04.25.xlsx / Statement of balances

December 2007

THE BLAIR TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

The Trust was created by a Deed of Trust registered in Edinburgh in the books of the Lords of Council and session on 5 April 1991.

The trustees present their report and financial statements for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies and comply with the Trust's Constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities.

Objectives and activities

The purpose and objects of the Trust are to benefit trusts, organisations, institutions, societies or bodies established for charitable purposes as the trustees in their sole discretion may from time to time select.

All funds of the Trust are unrestricted and may be applied for any charitable purpose at the discretion of the Trustees. The Trust has undertaken charitable activities by way of making charitable donations.

Structure, governance and management

As a small charity these accounts are prepared under the Receipts and Payments protocol. The charity does not trade with the public, nor do they have any paid personnel.

In accordance with the Trust deed the trustees have the fullest powers available in relation to Investments. The overall adequacy of the reserves policy is reviewed annually.

It is the intention of the trustees to grow the funds in order to make more substantial charitable distributions in the future.

The Blair Trust is a charity and is recognised as such by HMRC for taxation purposes. There is no liability to taxation on any of its income.

The trustees have assessed the major risks to which the Trust is exposed, in particular in relation to the operations and finances of the trust. They are satisfied that systems are in place to mitigate exposure to the major risks.

Achievements and performance

During the year Trust made payments to 7 charitable organisations (2024 - 12) totalling £14,500 (2024 - £17,900).

In discussion with our professional investment managers, we recognised that it was no longer very cost effective to retain our small portfolio of investments under its own independent management. We agreed to sell and transfer our funds into a much larger pooled fund specifically designed for charitable investment entities. Thus, acquiring a small part of a substantial investment fund, less exposed to sharp fluctuations in fund value and with a sizeable portion designed to be invested for a predictable income to fund our donations.

The Trustees were advised of a potential legacy to the Blair Trust following the death of Mrs J M Gibson in March 2025. The process of winding up a deceased estate can be quite lengthy and HMRC have indicated they are satisfied with the Inheritance Tax paid and advised that we must wait another 6 weeks for their final clearance which was due on 5 February 2026.

There were no issues raised before then and no update received from HMRC prior to the signing of the accounts. We have been advised by the lawyers dealing with the estate that this is a common occurrence.

The legacy amounts to £56,000.

The Trustees intend to distribute half of the proceeds during the next three years and keep the other half as an increase to retained capital.

Financial review

The results for the year are as stated in the Receipts & Payments on page 1 and the Statements of Balances on page 2 together with the notes.

The trustees who served during the year and up to the date of signature of the financial statements were:

Mr A J Gammell

Mrs S M Gammell Mr M D M Gammell Mrs F M Johnson ACA

The appointment of new trustees is vested in the trustees in office.

The Board of Trustees approved the trustees' report.

…............................

Mr A J Gammell Trustee

02 April 2026

THE BLAIR TRUST

Independent Examiner’s Report to the Trustees of The Blair Trust

I report on the accounts of the Trust for the year ended 5 April 2025 which are set out on pages 1 to 2.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities

Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 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 matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations.

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 trustees 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 express 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 records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations
to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

AW Walker CA Walker Dunnett & Co Charted Accountants 29 Commercial Street Dundee DD1 3DG

02 April 2026

APPENDIX 2

SC018040

The Blair Trust

Section C Notes to the Accounts

C1 Nature and purpose of funds (may be stated on analysis of funds worksheets)

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Donation DiscoveryCamps Trust Donation Diocese of St Andrews Lent Donation Tusk Trust Donation St Catharine Episcopal Church Donation The Attic SCIO Donation Teen Ranch Donation All Souls World Mission Type of activity or project supported Donation Helm Training	Donation DiscoveryCamps Trust Donation Diocese of St Andrews Lent Donation Tusk Trust Donation St Catharine Episcopal Church Donation The Attic SCIO Donation Teen Ranch Donation All Souls World Mission Type of activity or project supported Donation Helm Training	Number of grants made £	Number of grants made £
		1	2,000
		1	500
		1	2,000
		1	5,000
		1	2,000
		1	2,000
		1	1,000
		1	1,000





		Total	15,500

If no remuneration was paid during the period to any charity trustee or person connected to a this box (otherwise complete section 3b)		trustee cross	x
Authority under which paid			£






If no expenses were paid to any charity trustee during section 4b)	the period then cross this box (otherwise complete		x
	Nature of transaction	Number of trustees	£





Nature of relationship		Transaction	Balance

C6 Other information

draft Excel copy for client of The Blair Trust RP accounts 05.04.25.xlsx / Notes

December 2007