LCVCLSISCA
AN0204.0(M)I
THE MARY ANDREW CHARrrABLETRUST
REPORT OFTHE TRVSTEES
ANDACCoU￿5
YEAR ENDED 30 SEPTEMBEJi 2025

THE MARY ANDREW CIKARThhBLE TRI
Reportofthe trustees forthe ye¥ ¢Thd￿ 30SWembÈr2025
The Tru5tee5 present theSr¥nnual report and flnanoal statements of the chartIa￿e trust
forthe year ended 30 Septethr 2025. ThÈ finanual ststements ha¥e been prepated In ac£ordance
with the a(C￿ntIng poliuesset ojt in Th)te i to the accounts arKI comE4ywtth the ￿*￿ty.5 tr￿tt
deed, the Chaihles and TNstse Inve￿Ment IkotlaThll A¢t 2tKIS. ThetharitiesA(counts15codarKII
Regulatlons 200618s amendÈdl arKI Accounung Rewrbn8 ty(hritie5,' Statementof
Recommended Practice a￿lC3￿￿ to Charf￿es preparingt￿"r accfAM)ts in accordance with the
the Financlal Reparbngstandard ap￿4¢•￿e inthe U% and RepuNlcof Ireknd IFRS 1021 IEffective
l January20191
Oblertlves and athlY¢$
The putposes of the Trust 45 lald dowThln theTrust Deed arets thelnwme and catytsl
Of theTrustfvnds for charftatrle wrwses by the pawnent at s￿h times as the Trustees MaYde￿Ie
of gonts to such Chartt￿$ as thethe trustees may sdttlnam1￿ a numLwof su8gesteAI charitie5
as potential beneficiaii• and also such 0therd1arit￿ a5the Trltstres May(￿OSewhTlh pro￿de
(al lorthe malntrnano and expanslon of Chv15tiaD Chur(tr￿* and 0rgaThsat￿ns. Ibl for the malntenance,
rellef. medlcal treatmentorcare ofthE 5icI the blin¢ the deaf. the dumb.the agedor the ps)or.'
Icl for educalion ortralnlng Idl for he care and Lpbrit*￿ of the YQLW and lel fort￿ weseryation
of pl￿eS 0ndbulld1r￿ of h1$¢￿TC or art15trc Inte￿.
Grant Thiklng poll¢v
Grants are pald norrnaltyfrom the tnist KKometo a whle varEty of tharlt&4elxt(les (not
Ind1¥1d￿l$> In response to applit4dons recew In Irnp1￿nt of the trustpvrFM)sek
hi•¥ementsand pthmiarKe
Durln8 the year to 30 Septernber2025 thetru5tees awarded40 yants totalling£39,L
ranEIr￿ from £50Dto £2,OLKI.
Durlng the yearto 30 ￿pte￿I￿ 2024 the tswstees awarded 32 8rantstolallln8 £31.6¢XJ
ran¥ingfrom £600 to £1.(￿.
The Trust hzs uThlert4ken and wlll tontirnE to undwtske ￿$(￿stomary Ta￿e0fathtieS
all of whkh are in accordance whh Its objttU¥es.
FInW￿l1 Revlew
The f￿ndS olthe Trust were estrdblislEd bythe tra￿fer of stocks t￿o￿￿t0 the sahl
MaryAndrew and fuThds are irwe5ted under prof&￿ana1 ad
Income arlsln¥duilng the yeartotalkd f36,037 ènd chadtallE dO[￿OnS9[£39.oc4jWere
awarded.
rlng the Yeart￿ Tfu5tee5 met and decided up￿* thewkxjs (harrta￿e dL*bwsen*nt

Report of the trurtees for the ye¥r Xl Septembtt2Q15
In¥esth)ent poucywd perk¥m￿ce
In accordance vAth the Trust Deed. the Trustees habEthe ￿¥￿tt0 in%tst In s￿h sto¢k5. 5kre
Investrnent pro￿rty In the UK astl*y5ee fit. The TnJ5tees erqa8ed RathbN* Investrnent
Management Ltd. as Investment mar*geT5. The pc4ty ts to adopta I￿/Meth￿m risk m3nagem)t
based on maxlmlslng incornelcapltsl growth. The rnarketvalue of b)vestments dttreased by
approxlThatdy 1.26%.
Rlsk Manawnent
The trustees h4ve con51dered the malor rfsksto whlth thetharftalAetJust ￿ exposedarKI have
revlewed those risks estsNished sytt*ns and Prc￿lureS to m4n¥ethose rtsks.
ReseNespoficy
The trustees retaln suffident reserves to ensure thatthETrustmeeis its0svhead$
objecdves and malntsins Its ￿pIts1 base.
Plan$lor fvtrjre pw*)ds
The ￿an to [￿tInuet0 make chakftable dtstwSt¥Jticffis.

Report of the Irustee5 for the yeaYended30 5tpteTr*er 21)25 (curtdl
sinicture• 8tr4emante •nd m•naKernerrt
Foundln
ent and Trus
The Mary Andrew Charltable Trustis a tharftableTnthe5tsblis￿ Sn 1993 try Miss Mary Dunlcy MurdorhANlrew, c/0
IItc￿lIS Roberton, Geor8e Hou5e.Thirty slx Nofth HanoverStr&L Gjasgow. GL 2AD undw a Dedaration of Tr￿1 dated 20th
September8nd Tr8iStered in the Books ol Counul SessK*n 27th ottobw 19
i5sAndrew appob)tedthree Tru5tee5, all s01k￿0￿sIn Gwwand the Deed k*￿th$for
the assumptlon of addItI￿OI Tru5tee5.
During the accountlk* year reported on theTnJ5tEes were:.
Mary Morag Irglls
Wllllam Marr Coupet Grant
Jame5 Ooutyas Ander50n
DattorAlstalrJames Domrd lappc¥ntal 16th SÈpternber 20241
NewTrustees are aFrfA)Inted bytheexlstln8 Trustee5. AtTnJ5tees' meetkw. thETrL4tees agree
the ￿Dad strate8y/t7d areas of a¢￿￿ty forthe Tru5L indLh*n8congdeTrt￿ of yantmakin&
investment reserves. and risk management policie5 and perfrnnavce. Theday-to4av
adrnlnrstr8￿0￿ of theTrust Is delEgated to MtlchellsRoberton.
Trustee5 areencow•¥&l to atteNI semSnars v&fiere t￿Wil1f3CII￿atethÉ urnkrtaklngofth*
role.

IHE MPAY AIIDREW (IIARITABLE TAiJsr
Report of the iw$ts¢s for the year ended 30Septerh4)er 20Z5 1¢￿t￿.>
Referen¢• ènd admlnbwairrt lTrfonnatlon
Trustees
Mary Morag In8li5
Wllllam Marrcoupw Grant
James Dougla5 Anderson
DoctOrAl￿tairJaMes DoThvard lapwlntsd 16th Septerrknr 20241
Prfndpal Offlci and 5016cltk¥$
Mit¢he115 ftobertc￿ Ltd. 5uliritQf5
George House
36 North H8noverStreet
618s8ow GI 2AD
Charlty Numbw: SOJ21977
IndepeTrdert Examlner
Loufse D MCAU￿V 8AccCA Partner
NeLson Gllm(wr knkth
Chartered Accountants
mer¢An￿le Chzmbers
53 Bothwell 5t¥eet
GlasEOW. G2 6TB
The Royal Bank of Scotland PLC
Glasgow aty Branch
10 Gordon streÈt
Glas8ow GI 3PL
Inve$tment Advkors
Rathbone Investsnent Management Ltd
Stoc*brokers
50 G￿rge Squ?re
6185gow G2 LEH

Report ofthe trusrees lor the yearended s05erf￿￿25 Icvntdl
RÈ$FK)n$lbllltlès ol the Trustees
The CTharfty's Tntslees afe responywefoi preparin8theTnisiees Affl￿1 flep)rtand the
flnancljl ststements in occordance with appllcable law aNI United Kw￿d0m Acc(NJndng
5tsndards (Lknlted Kingdom GeneraltyAccepted Accounbnt thcifcel.
The law ap￿SCablet0 chartfjes in sto￿aTra requlres theTnJstees to fiTharKkl
statementsforeach fflnaTTcJal year whlch tyve a 1n*andfalT￿eWof thestste of knlrs of the
rth8rfty4nd of the incornlng resources aThJ ap￿￿01￿)n of rex)urce5 of the Charftyforthat
perfod. In tyeparlnKthese financlal ststemwts.lhe TNstee5 are ￿Ul￿ed to:
sele¢tsuOtable occouDting wlicie5 then apptykn) con•.
ob5eryethe methods ￿￿esotthe Charftles SOAP:
make judg￿￿nts and estlmate5 thatare reasonatrAe and
srate whether apphcable accounting standard5 aThJ Stat￿nents of rttommentsl
practtce have been f￿lOWed. subject to aTryrnatvial departures dl*&)sedand
explaI￿d In the finandal statÈrneTrts,'
preparethe finantial statements on the golrv4 ba$15 ￿esS rtI5lna￿w1te
to presuftE that charitsbIetn￿t wll conJnue In e￿Ster￿e.
Trustees are reS￿)nSIble for k*r¥woper whlchthsd05ewrth
reasonableaccuracyat any tlme the flnancial posltion of the MaryAThkewCharitstAe Trust
and to enable them to ensure ttrhgt the aewunts comF4ywlth the Owitbes and Trustee
Investment IS(otknd) Att2005 and the Clwrlties Accounts Ikotlandl Regulations 2CX)6 las amethl.
They are atso re4poThslble for safeward1￿ the assets t¥Fthp MaryAndre* Charffitable Trustand
nce for taknng reasonable stepsfw the prwbon a￿1 detection of fraudand other irrewlarrtle5.
Approved bythe trwgtee5Qf .
slgned thelf behaw by.
Pknry MordE Ingl

THE MARY ANDREW alARffABLE TRusr
INDEPENDENT EXAMINER'5 REPORTTO THE TRUStEESOF
THE MARY ANDREW CHARfTABLE TRiJSI
YEAR ENDED 305EPTEMBER 2025
I report on theaccounts ofthe tharftyforthe ￿rended 3D Septerniv 2024 whkh a￿ set out
on pa8e$ 8t0 17.
Respethe ie$pon4bllltl•s of tntstees andexarriner
Thè Charfty's Trustees are reSpo￿Sb￿fOrthe pwratlon ofthe3ccourrts in 8tttyd1￿e
wtththeterm5 of the C￿rft1e5 and Truslee Investment Iscolland) Att 2(M15 and the
all￿e5 Accwnts Iscodandl Regulztlons 2al￿ lès an￿nded1. The charitV5 trustees
tonslderthat the 4u(&t requirement of RegL4ation Ioliiial to Icl of the Accounts
ReKulatlons does not apply.
It Is my responslbilttyto examInetheacc*x￿ts as retpjirwj under 44(Illcl of theAtt
to statewhetherparti¢ulor matters ha5*to￿￿ to rnyatta)Yon.
Basls Of1ndep￿denteXaMkner's$thte￿￿nt
My eMamknatW)n1s can1ed wt in aEmrdarKe wlth Rewation li of the 21W6Aowrrt5
Regulations las amènded). An eX?￿natIOn IrKludes a r￿leW of theaccixJntinE records kept
bythe charfty and t cotnparlson oftheacctyjnts pre￿ted wrth thDse rec￿￿ ￿alSO Incl
consideradon of any ￿USUal items or dlsdosures in the acLrunts. arxl seeks eKplanatl¢)n5 fr(
theTwstees eorKernrng any5uch matters. The wocedures not PrO￿de a¥ th2
evldencethat would be requlred Inan a￿11, andconwuenUy l th noteyress an 0￿￿On on
the vIew8￿￿ Lrythe account&
Indryendent exam**1$￿at4fflert
In the course of myexamlTraUon. rKp mattEt has cometo nryattartion
l. whkh gfves me reawn4ble uuse to bdleve that ID 4ny materfèl re$wt￿ req￿reMents..
to k￿￿ accourrt1￿ rttords In •ccordancevth ￿10￿44<11(al clthe 21x15
Regvlation 4 of the 201% Attounts Rel￿atIonS. and
to prepare a¢¢ounts whkh accord whththe accoUn￿ry ￿cOrdS and crAnP￿Tr￿th
Re￿￿￿l￿n 8 cfthe 2￿6 Accwnts RegUla￿or￿
have not been met. or

THE MARY ANDREW CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORTTOTKE TRUSTEES OF
THE MARY ANDREW CHARITABLE TRUST
YEAR ENDED 30 SEPTEMBER 2025
2. to which, in my opinion, attention Should be drawn in orderto enable a proper understsndin8
of the atttsunts to be reached.
Louise D McAulay BACC CA Partner
Independent Examiner
Nelson Gilmour SmSth
Chartered Accountants
Meicantile Chambers
53 Bothwell Street
Glasgow
G2 6TB
161026
Date

fortheye¥•thd Xl Septembw2O25
Total
Fund5
2015
Total
Fund5
2024
Income and •ndowrnents:
Investment income
36.037
36.037
Total Incgjme
35￿37
39080
Expendltsr¢ on:
C05t ot ralslngknds
Investment managemert ¢05ts
io
10,644
62
th8Yitable arlr4tFes
Charitsble donatlons
Support costs
39.fAKI
8,368
39,(KAI
3L6LNJ
13,116
4.720
Cos¢ tsl grart mkkni
47.36B
720
si
44716
Totsl expenthur*
47368
15,3
61732
55,178
Met gaIn￿(loSses1
on Investments
Net Movement In Funds
17.774
io
17.714
119,904
103,806
{IL3311
Reconclliation of fund5:
Tot?1 Funds brought forward
T¢>¢al Funds carrled forword
11,179
IL511
I,1￿.755
1,183.165
1,191,934
1,183,013
1,088,128
IA91,934
The note5 on pages 10 to 17f<￿ partofth¥eaceow
I IKome and expendlture derlve from coTrllnuJn8 acUWle5

THE MARY ANDREW CIIARtrABLE TRL6r
Balan(4 Sheetas * 30 September 20ZS
Note
T¢tal
Fwds
Total
Funds
2024
Flxed assets:
81bl
1176.234
1.176,214
L176.234
L17&234
1,191,274
1,194274
Total Flxed Assets
ffont assets:
Debtor5
Qsh at bank and In haT*J
5.954
14,879
27.199
114A171
33,153
462
19.331
5.YJ7
Total CurrentAss¢ts
11782
a3.615
24928
Uabmltle
dltors falllwdue wlthln
one ￿ar
ID
12038SI
11521
15,8511
6,931
26.8361
124,2681
660
Net CurrentAssgts
rotal 8ssets14$5 Eurrentlablltles
11521
iJ84165
L183.O13
L191,934
Net 4$set5
11521
IA83,165
1.183m3
lJ91,934
The fimd50f the ¢h¥Ny.
Unrestricted capltal reserve
Unrestrlrt¥J revenuefund
Totsl Ch8rftyfvrMts
li
L183,165
4W,165
11521
iJ83.0
L180,755
11,179
1.191,934
11521
1152)
I.￿,155
The not* on pages 10 to 17 forni partof these accounts
Approved bythe TnJMees gll".
2,6202
Date
and signed oll their behaw by..
Mary Morag In￿15

-iL
The MaryAndrEwChwrtaNe Tn
Notes on theaCc0L￿tsIOr theyw eftded30 Septenkn 2025
Acco￿ntIng pdldES
lal Bas15 of Nepara￿1)n and asse55mehit of gi*coK•rn
These Ina￿131 ststanertts have been prepared IncomKAiar*eMth FRS 101 TrFlnarKk81
Reportln8 Stanthrd applicable In the UK arMlthÈRepuWlc ol Ireknd., the Statem&tof
A￿0mMe￿ed practi￿ appUtaNe to charities preparing thetr ￿COUnts In a¢thwKewith the
Flnancial Reporttng Standard applicable in the UK and RepubNcol Irela￿1 IFRS 1021 Icharities
SORP IFRS 1021 IEffecfjve l January 20191 and the(hartE￿5 and Trustee IrNestm￿{kot18ndl Att
21k)5 and the CharttyAccounts Iscodandl Reeulatlon$ la5am￿￿ed1.
The aicounts Ifinoncwl stateff*ntsl have prepared wxlerthe historictost tDnventlon, wtth
thp exception that Invertments are Indwled ￿ market value. ThÈ ffinar*ial staten*rtsare
&Yepared In stertln& whlth lsthe furttional currenryof tké Ènuty.
The charSty Is ￿stered In scO￿and for publlc bertfiL thailty mjmber 5aKK)459.
The trnstees c0Th￿der that there are no ￿al￿al uncwts1ntle5a￿utlheTIus￿s èbilityto continue
s a Kolng concem. Wrth r£spErtlo the next rewrting perlod. 202+25. ryK>St siBnlficant areas
of unc£rtalntythat affertthe carrylngvalueof assets hekl bytheTiusl arethe level of InvÈthY*Tht
retwn and thE perforrnan￿ oflnVe5tr￿nt markets Iseethe inbEStm￿I polky
and rfsk tnanagementsethons of the tswstees. annual reFrf)rtfor more Informatitinl.
Ibl ReconclllatI￿ wlth we¥lcAts Gener4yA¢¢we41 Pr
In preparlngthe accomts, thetru5tees have consldered whthr in apFblnKthe accJJntin8
polkle5 req￿[red by FR$ 102 and the SORPIFRS 1021 a reStat￿￿￿t01 cornparatjve it¥n5
was re(wlred. 140 reststements were requlred.
Icl fvnds Slwucbxe
Detals of fur￿ stfuthre are dwosed In ￿ IL
{dl IDcome reccfnltkn
All Ir*ome is recognised in the Ststementof Flnantial A£iM￿e5 ISOFAI orKe the charhaiAe twst
has enthlernenttothe Income. it is probablÈthat the irKorne ￿11 be wavEd and the amount of
Income recelvable can be m@aMJrÈd Teliobly. A5 the Char5ty Is eXert￿tfrom tsxatk>n wowslon
Is madefortt* tsx re¢owery lollowlng s¢JbrnisshM of a retewJrttuclaim.
lel E*pertdltsr¢ rec(en￿l
UabilltlÈ$?re ￿e(vaniS￿d Os exper￿￿re In the SoFAas soon aSth￿e Is a legal or C￿Str￿tIVe
oblltation commlttir￿ the chafityto tkt eX￿ndi￿r¢ It Ls probabte thèt will be
qwred and the amournt of the obIl￿tk>￿ can be measur&lsafdy.
All expenditurÈ Is a¢¢ountedfor on anauruak bals.

-li-
The MaryAndrew ClwitableTru5t
ACCo￿tIng pollcles Icont&l
IQ Costs of ral$lnglunds
The costs ofgeWatlngfvt￿sc￿nsl5E ofinbr5trnentmana8eniertaThJother rdevèntfeÈs.
Ch•rftabl¢ athryfies
Costs of charftable attivitlesc¢)mprfsegrants made and suAMKt£osts that ccmprlse
£11 admlnistrndve our801n￿. Internal and external a￿¢ ￿gaI ad￿ce forTmstees.
sts assoclated wlthcon5titutso￿l and statuiw an4lstratsO¢ managanent
thro￿1¥x￿ theyear.
Ihl Flx•d asset trNeskn*rts
Investments4re H form of basic finandal Instrunwand dre inrtiaify reuwised attheivtran5aCt
value and subsequently measured at thelr tsSr Wa￿e asat baLlr￿ ￿et dateuslng the closl
quoted rnarket wice. The statement of finanLial activjties i￿￿jd@SthÈ r*tgain5 and1055es arfsk)8
OD revaluation and dlsposals throu8h(Krt the ￿aT.
The Trust dDeS aciuSrepLrtoptvJns. derlvakn ortsthercom*xfmanfJal lrnstrufftn
The maln form of financlal rlsk faced bythe tharrty ￿that of In equitymartetsand
nvestrrEnt markets due to ￿der e(onomK co￿j1110nI the atttumje of irve5tors to irr￿lMent
sk and changes In seMirnetrt [{H￿emInge4￿1t￿s andwflhln partKularsectors or sdb settots.
15} Galn$ and losse¥
All 8ains ar¥J1055es are tsk￿ to the Statementcf Ana￿al ACtivit￿S as ttw3rtse.
Realised galns 3nd losses on Investments arECalcUkt￿ a5 the drfferEnce betweensales pro
and thelr openlng carrylntwalue or their purchase value if acqwred subswntto fiT5tdayof
the flnanclal year. UNealised gain5 and losse5 aTe cakubied as the dlffwetKe IEtween the fair
value ai the yearend and th8rcarryitw Val￿ Reallsed and unrè3lLsed inst5t￿t cair￿and
10$5e5 are CC￿bl￿d In theStat&T￿tof FIna￿lA(tmt￿.
lll ConllngEnt Llablllues and Pr￿AS1O￿$
None.
Related p•rtytran5acUonsandtrnstees' ra￿￿e￿Ik)
Trustees recelved no eMolU￿￿nts{2024 £nll and noexpen5e512024 £nill.
Mary Morag In8lls a TNstee OfT￿ m)ryAnthew¢Jwrita￿￿Trn¢ was
also a txrector of Mltchetls Roberton Ltd until 31 Marth 2025.
The fee dueto Mttthe115 Roberton Ltd fortheyear Èrthd 305eptember.
20251$ £I2,0￿12024 £I2,LI￿)

-12-
Investment In¢ome
DIVIDENDS
IiirEREST. Rathtwe Investment Management
IMrEREST- mitc￿1$ Roberton
35,696
332
38.820
242
18
39,080
lTh¥estrnent m•na8emtht fosts
Rathtrrt)ne Investment Mana8em2nt
10.644
10062

The Andrew ChorilableTrust
Anaws oftharftsble ex￿lture
2025
ZOZ4
202
25-Feb Unlversityof Glasgow Trust
25-Feb Poppyscotland
25-Feb RNIB
25-Feb NJmy Berwolent Fund
25.Feb Royal Alr Force B￿eVc4entFUTh￿
25-Feb BrI￿sh Red Cross
25-Feb The Seafarers Chartty
25.Feb Royal Natknnal Lifekn&t In5tltsJtlon
04-Jun Age ScotlarKI
04-Jun child[￿ 1st
04-Jun Deaf Action
04-Jun National Trust ofS¢otbtMI
12-Jun Mèrle Cude
13-Jun SSPCA
21-Aug Gukje r*)
21-Aug Aberfadyind Gullane Partsh thLurh
22-Aug The Salvatlon Army
22.AuK RSPB scot￿Th
19-Sep PlèVlst for ￿le
19-Sep Geeza Break
22-SEP PavllliDn [G￿ater Eastthousel
22-Sq) Cbckmannanshlre Bumps and Itd
25-Sep Glencoe Folk Museum
Sep The Undetheugh Ar*
i.OLX)
i.￿0
Lorxi
I,wo
LOC
I,oc
i.th)o
750
750
500
23,rx)D
rovlslon for
entto-.-
con￿UnItyone Stop Sknp
Ne1ghtoUrho￿ NetWDrks
Hearing vol￿ Nety￿rk thjndee
ButterfiyTru5t
PHrklnson'5 Qre andsuwort UK
Epllepsy Connerth)ns
Lothlan ￿tre for Inclus￿e
The Projert
CanonEate Youth
ghteen and Under
The Carrfckcthtse
Intsrfach Trdn5FQrt
Cornmunltles Conr*cted
Flfe Soclety forihe Blirnl
Into W¢yk
Kirkaldy fteach0￿ Trutt
16,C¢))
39,WO
31,￿0

-1
The m￿And1•Wa￿lIall¢ Tty5t
Alocallan ol5U￿Ort eosts
1025
2024
m￿chell$ Bobtst￿ Ltd. Icapttall
Nelson GilmoL¥ Smtth (Capital)
Mlscdlaneous- ICarAlall
4.166
534
4,720
4,724
Mltchells Roberton itd. IRevenuel
Nelson GI1￿ur Smlth IRe¥enuel
534
8,368
8.392
13,116
13.LW8
Independent Examlnatlon Fee
The Ivdependent Examlnatlon Fee for2025 of £L068 was acuuw
12024 Inoyndent examlnavonfeerendered: £1.0681

The MaryAndrEwtharftalAeTn
FlxedAs5et IrNe5IM￿ts
2025
2L724
l#1 Totsl net proceedsfrom d15posals
Less.. Bool volue
Less.. net105ses on dlsposals
398.642
418,3571
119.7151
374,327
1343,89LI
30.436
Ibl Mry4ement In fiKÈd aSSeilD¥estrn•
Market vilue broUghtfO￿ard
Add.. addthons to InVeS￿ents atc¢ist
D15posals at carWn8value
net gatnsl Ilossesl on rewalu￿1On
Market¥alue as at 30th September 2025
1.191,274
365,828
418.357
37.489
1.176,234
1,085,127
360.570
1343.8911
89.468
1,191274
{cl Nel Ilowsllgans
on Investments
On d15pO￿lS as above
On re￿lu01￿n a5 above
119.715
37,489
17.774
30,436
89,468
119.904
Investments at market v*È
Comwked..
2024
UK Eqult*s
oVe￿e￿5 Securfttes EqU￿leS
c￿erSeaS Bonds Flxed hterett
Flxed Interest
Infrastruciure Funds
303.358
739.695
48.033
431,317
550,043
82.193
110.(K)7
17,714
1.191?74
1.176.234
Hlstorfcal Cost at >)th September 2025
969,597
988020

-i&
The MaryAhdrewth*iitab*Tn
14otes on thex¢owtsf(Y theyearended 305eptrrth 2025
An*slsol rurrerrt assets
1024
Mltchells Roberton- On harxl
Mthhe115 RObert￿- On Royal Bank olscotland CMS P£¢t￿nt
thiwjne Investment Mènigemerf Ltd- IncomeAccount
Rathbone Inv2stsnent Management Ltd- Capltal P£counl
462
5,597
7.062
12.269
24,928
5,954
27.L99
33.615
10. Ahalysls of fiablltles
CredltorsfaKln8 due *ithln one ye
ZOZ4
Inves¢rnertMana8ement costs
Rathbone Investment Management Lld.
17LMJ
2,600
54w•r¢ ¢osts
Mitrhe115 Robert￿ Ltd.
Nels￿ Gllmour Smlth12 yearsl
Revenue
Mlt&*lls Roberton itd.
elson GiltrM)w Smith12 ￿r5)
2.083
iisi
2,617
3.917
4.985
4.451
Grants
16.(KlO
26.836
14,600
24.268

-17-
The m￿AndrewcharfI0b1¢ Tryst
11. Anaws of charltabfefvnds
Anatysls of
Fuod
movernqnts
alan￿ at
Balance at
30 September
2025
21n4
lal Unrestrfct
talxial reseNe
LW.755
115.3641
17.774
1,183.165
Ibl Unre5trkted
revenue fund
179
36,037
147.3681
11521
Totsl
lJ91.934
61732
17.774
1,183.013
Anaws of
Fund
ollar￿ * IrKomk* he5w￿e5
Gakns
and
Bal•ncÈ at
2024
lal Unrestricted
capltal reserve
1,076,037
115,1861
119.
L180.754.73
Ibl Unrestrfitted
revenue fur
11091
39.080
139.YJ21
11,178.93
Totsl
1.088.U8
155,1781
I￿,904
1.191,gJ4
lal TheTrust Deed allowsforlheapF4lcatk)n byTnL%tees of the income and ¢aOtal of
the Twst FurKls for(har￿ble purpo
Ibl The unrestficted revenue fwKI Is aval￿ble10 ￿5Fert on 4ny of the purF*)sesofthe
tstrAe Trnst.