2025-06-30-accounts - John Mather Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Scottish Charity No: SC024143

JOHN MATHER TRUST TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENT For the year ended 30 June 2025

Brodies LLP 110 Queen Street Glasgow, G1 3BX T: 0141 248 4672 Ref: KPI.MAT0145.1

JOHN MATHER TRUST

TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENT

For the year ended 30 June 2025

Contents	Page
Reference and Adminstration Details	2
Trustees’ Annual Report	3-6
Independent Auditors Report to the Trustees	7-9
Income and Expenditure Account and Statement
of Financial Activities	10
Balance Sheet	11
NotestotheFinancialStatements	13-21

. Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xlsx

Brodies

JOHN MATHER TRUST

Reference and Administration Details

For the year ended 30 June 2025 Scottish Charity Number SC024143 — ee Registered Office, Brodies LLP Solicitors and 110 Queen Street Secretaries: Glasgow G1 3BX Auditors: Azets Audit Services Titanium 1 Kings Inch Place Renfrew PA4 8WF Investment Managers: Mclnroy & Wood Limited Easter Alderston Haddington East Lothian EH41 3SF Bankers: Hampden & Co Ple 9 Charlotte Square Edinburgh EH2 4DR

. Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

TRUSTEES' ANNUAL REPORT

For the year ended 30 June 2025

The trustees present their report together with the financial statements of the trust for the year ended 30 June 2025.

Status of Charity and Governing Document The John Mather Trust (‘the trust") is governed by a declaration of trust dated 20 October 1995 and registered in the Books of Council and Session (38,646) on 9 November 1995. The trust is a registered Scottish Charity (Scottish Charity no: SC024143). The trust is also recognised for charitable tax purposes with HM Revenue & Customs (CR47274). The name of the trust was changed to the John Mather Trust on 11th December 2017.

Appointment and Induction of Trustees

The deed of trust sets out that new trustees may be appointed by the existing trustees at any time and are briefed on the trust's aims, objectives, grant making policy and purposes. When a trustee vacancy arises or the trustees identify the need for additional trustees, the trustees will assess the relevant skill set required by the trust at that particular point in time ensuring that the new trustee(s) have the requisite experience, empathy and knowledge of the charity. New trustees may be sought by open advertisement or through the trustees’ own due diligence exercise. Respecting the ethos of the trust to continue the charitable work intended by John Mather will also be taken into account when assessing trustee appointment.

Charitable Purposes and Activities

Charitable Purposes and Activities	Charitable Purposes and Activities	Charitable Purposes and Activities	Charitable Purposes and Activities
The declaration of trust sets out that the grant giving of the trust should further the following charitable
purposes:-
-	_ the reliefof poverty;
-	the advancement ofeducation ofthe public;
-	the promotion ofthe arts and architecture; and
-	to further the purposes ofcharitable organisations and to promote otherpurposes which are
	charitable by law.
All these are stated to apply "in general and in particular in Glasgow and the hinterland of the River Clyde,
"the Area"."
In	doing so, the trust shall:-
	1. promote and improve the education of those attending schools, colleges,	universities and	like
	establishments in the Area;
	2. award scholarships, bursaries ormaintenance allowances tenable at any school,	college, university or
	othereducational establishment approved by the trustees;
	3. provide financial assistance, tools, instruments or books to those in need on leaving educational
	establishments to prepare them for a trade, profession or service;
	4. promote the education and training of persons who, through social oreconomic	circumstances, are in
	need and are unable to gain employment and to promote schemes whereby such persons		may
	receive training while unemployed; and
	5. promote, improve, develop and maintain public education about and appreciation	ofthe business world
	and all its aspects by the presentation of lectures and in such other ways as the trustees		may
	determinefromtimetotime.

The trust's main activity is the provision of financial support/grants to registered charities and in limited circumstances others. The trust was established to provide a lasting legacy by enshrining John Mather's historic charitable giving and accordingly the trustees will identify recipients and projects who/which they believe will advance the charitable purposes above through the making of grants (ordinarily through

Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

TRUSTEES' ANNUAL REPORT

For the year ended 30 June 2025

organisations) to create opportunities for young people in the areas of arts, culture, entrepreneurialism and employability skills for those based in Glasgow, the West of Scotland and in more special circumstances, Scotland.

The charity trustees consider applications on an annual basis and will also meet at least twice a year to discuss and renew donations, administration, impact and strategy. The trustees will use their own knowledge of applications in question, in addition to considering each application on its own merits, as to whether the grant/funding sought will further and advance the trust's charitable purposes and in turn provide public benefit.

If necessary the trustees will seek additional information from the applicants, such as details of specific project funding or annual accounts/financial statements. Applications will be reviewed on an ad hoc basis by the trustees or the charity's administrators, who will identify suitable appeals to further assist the trustees in their consideration of applications. Based on the trustees' review of the grant making policy (outlined below) in 2018 the trust now uses an application form to identify beneficiaries. The application form is available at https://www.johnmathertrust.org/ or from Brodies LLP emailing johnmathertrust@brodies.com.

The trustees will seek appropriate updates from the grant/donation recipients as to how their activities have progressed in light of receiving financial support from the charity. As part of the on-going review of the impact of grants, the trustees will require evidence of how the funds have been applied in furtherance of the trust's purposes, including details of how the funds have been spent by the recipients.

Achievements and Performance

During the year grants totalling £263,844 (2024: £265,913) were awarded as detailed in Note 2. These grants were in line with the charitable purposes as indicated above. The trust received investment income of £291,934 (2024: £286,077) during the year.

Financial Review

The financial statements for the period are set out on pages 10 to 21. The Statement of Financial Activities on page 10 reflect realised gain on investments of £62,790 (2024: £181,223) and unrealised loss on investments of £392,755 (2024: gain totalling £434,614). The Statement of Financial Activities also reflects a net decrease in funds of £376,373 (2024: increase of £551,471). Total net assets at 30 June 2025 were £8,924,748 (2024: £9,301,121).

Details of the trust's investments are outlined in Note 5 on page 15.

The financial statements have been prepared in accordance with current statutory requirements and the declaration of trust whose provisions have been observed in the investment of the trust funds.

Reserves Policy

The trustees intend to distribute the vast majority of income arising in each calendar year but to preserve the capital for the long term.

Investment Policy and Objectives

The portfolio is invested on the basis of a medium attitude to risk with the objective of a balanced return from both income and capital, with and emphasis on income generation. MclInroy & Wood Limited carried out a suitability review in July 2021 and confirmed the medium risk profile, with 75% of the portfolio held in equities and 25% held in fixed interest, commodities and cash.

Administration

The trustees administer the trust's affairs at two or three meetings per annum at which finances are reviewed and decisions made on the recipients of grants. The trustees serve on a voluntary basis. The dayto-day running of the trust is undertaken by Brodies LLP.

. Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx 4

Brodies

JOHN MATHER TRUST

TRUSTEES' ANNUAL REPORT

For the year ended 30 June 2025

Related Parties There are no related interests to declare.

Statement on Risk

The trust is open to fluctuations in Stock Exchange investments. However, the risk of this is reduced by taking advice and diversifying investments. The trustees review periodically the major risks to which the trust is exposed and the systems which are in place to mitigate those risks.

Grant Making Policy

The trustees carried out a strategic review of the trust's activities in 2018 and keep this policy under periodic review.

In awarding grants, the trustees will apply the following principles:-

The trust's strategic aims are to support and assist young people under the following themes:
~ rising stars; - unlocking potential and supporting talent; - breaking barriers; - making the most; and - aspiration and achievement.
- The trustees do not consider that the trust is just there to "fill gaps" in or "top up" funding for larger organisations, but that with each conscious decision to apply (and ‘invest') funds it will be seeking to make a demonstrable impact. The trust will work to apply funds to make a difference on its own terms in order that the funding is an instrument of some form of change and impact.
The trustees will seek out potential recipients and projects as well as consider any applications for grants which may be received.
The trustees will typically make grants to organisations for the ultimate benefit of an individual or individuals.
- The trustees will not normally support applications considered by the trustees to be already well
~ The trustees reserve the right to apply such conditions as they think fit to any grant or instalment of a grant.

These principles and themes will be reviewed every year (or more often if the trustees so decide), and may be changed at any time in accordance with the trustees’ view of the most effective application of available funds.

Taxation

The trust is a charity and is recognised as such by HM Revenue & Customs for taxation purposes. As a result there is no liability to taxation on any of its income.

Plans for Future Periods

Although the trustees have power to make payments out of capital for charitable purposes, there are no plans to make such payments for the foreseeable future. The trustees confirm their intention to make distributions and invest their funds having regard to the trust's net distributable revenue year by year, though donations may exceed the net distributable revenue where there is an unspent revenue balance brought forward from previous years and cash available, or additional projects or recipients worthy of funding.

. Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

TRUSTEES' ANNUAL REPORT

For the year ended 30 June 2025

Trustees’ Responsibilities

The trustees are responsible for preparing the trustees’ Annual 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 preparation of these financial statements, the trustees are required to:-

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in business.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees confirm that the financial statements comply with the above requirements.

==> picture [116 x 21] intentionally omitted <==

----- Start of picture text -----
his ON ee 45 5.
----- End of picture text -----

==> picture [22 x 8] intentionally omitted <==

----- Start of picture text -----
Dated
----- End of picture text -----

. Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES

For the year ended 30 June 2025

Opinion

We have audited the financial statements of John Mather Trust (the ‘charity’) for the year ended 30 June 2025 which comprise the Income and Expenditure Account and Statement of Financial Activities, Balance Sheet and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

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, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and
- have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and Regulations 8 of the Charites 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 Auditors' 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 of 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 charity'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 section of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information include in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 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.

In connection with our audit of the financial statements, 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 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 where the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if in our opinion:

the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
proper accounting records have not been kept; or

~ the financial statements are not in agreement with the accounting records and returns; or

we have not received all the information and explanations we require for our audit.

. Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES For the year ended 30 June 2025

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees are responsible for the preparation of the financial statements which 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.

Our responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)c of the Charites and Trustee Investment (Scotland) Act 2005 and report in accordance with regulations made under this Act and relevant regulations made or having effect thereunder.

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 a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (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. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity, and determined that the most significant are those that relate to the form and content of the financial statements such as the accounting policies and the Charities SORP (FRS102).

We assessed how the charity is complying with these frameworks by observing the oversight of those charged with governance, the culture of honesty and ethical behaviours and a strong emphasis placed on fraud prevention, which may reduce opportunities for fraud to take place, and fraud deterrence, which could persuade individuals not to commit fraud because of the likelihood of detection and punishment.

We assessed the susceptibility of the charity financial statements to material misstatement, including how fraud might occur, by making an assessment of the key fraud risks to charity, and the manner in which such risks may occur in practice, based on our previous knowledge of the charity, as well as an assessment of the current business environment.

Based on this understanding, we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered higher, we performed audit procedures to address each identified fraud risk, including management override of controls. These procedures included testing manual journals and were designed to provide reasonable assurance that the financial statements were free from fraud or error. We evaluated the design and operational effectiveness of controls put in place to address the risks identified, or that otherwise prevent, deter and detect fraud.

In addition, our audit procedures included enquiring of management concerning actual and potential litigation and claims, and performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. We addressed the fraud risk in relation to revenue recognition by testing completeness and cut off of income.

. Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES For the year ended 30 June 2025

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards.

As with any audit, there remains a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance, and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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 2008. 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 auditors' 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.

Azets Audit Services Statutory Auditor Titanium 1 Kings Inch Place Renfrew, PA4 8WF

. Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 30 June 2025

		Unrestricted	Unrestricted
		Funds	Funds
		2025	2024
	Notes	2	rs
Income from:
Investments
Dividends and interest		291,934	286,077
Bank interest		8,919	9,277
Other
Gain/(Loss) on currencyexchange		1,589	(9,821)
US reclass div ROC		4	39
Total		302,445	285,572
Expenditure on
Raising Funds - Investment Management Costs		53,942	54,419
Charitable Activities	2	263,844	265,913
Other - Governance Costs	3	31,066	29,605
Total		348,852	349,937
Gains/(losses) in investments	5	(329,966)	615,837
Net income (expenditure)		(376,373)	551,471
NetMovement in Funds		(376,373)	551,471
Balance brought forward at 30 June 2024		9,301,121	8,749,650
Balancecarriedforwardat30June2025	9	8,924,748	9,301,121

The notes on pages 12 to 21 form part of these financial statements.

. Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx 10

Brodies

JOHN MATHER TRUST

BALANCE SHEET

As at 30 June 2025

	Notes	2025
		£:	sy	£	£
Fixed Assets
Investments	5		8,682,529		9,101,092
Current Assets
Bank and cash		409,180		562,149
Debtors: Amounts falling due
within one year	6	-		6,530
		409,180		568,679
Creditors: Amounts falling due
within one year	4	113,961		272,816
Net Current Assets			295,219		295,863
Creditors: Amounts falling due
after more than one year	8		53,000		95,834
Total Net Assets			8,924,748		9,301,121
The Funds ofthe Charity:
Unrestricted Funds
GeneralFund	9		8,924,748		9,301,121

The financial statements on pages 10 to 21 were approved by the trustees on and signed on their behalf by:

==> picture [383 x 81] intentionally omitted <==

----- Start of picture text -----
sO ni vied
----- End of picture text -----

The notes on pages 12 to 21 form part of these financial statements.

. Ace 2025 MAT_0145 30 Jun 2025 (FRS102).xisx 11

Brodies

JOHN MATHER TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

Accounting Policies

General Information The John Mather Trust is a registered Scottish charity (SC024143).

The trust's principal activities and the nature of the trust's operations are detailed in the charitable purposes and activities section of the Trustees' Annual Report on page 3.

Basis of Accounting

The financial statements of the trust have been prepared in accordance with ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2015) - Charities SORP (FRS 102)', UK Generally Accepted Accounting Practice (UK GAAP) including the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The trust meets the definition of a public benefit entity under FRS 102. The financial statements are prepared in Sterling (£).

Income

Donations and legacies are recognised in the Statement of Financial Activities (SOFA) when received. Investment income is recognised when it is receivable. Grants are credited to the SOFA for the year to which they relate.

Funds structure

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed or through the terms of an appeal. Further details of each fund are disclosed in note 9.

Expenditure

Liabilities are recognised as expenditure as soon as 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 the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

Grants payable are payments made to third parties in the furtherance of the charitable objects of the trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation they will receive a grant and the trustees have agreed to pay the grant.

The provision for a multi-year grant is recognised at its present value where settlement is due over more than one year from the date of the award.

Fixed assets 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. The trust does not acquire put options, derivatives or other complex financial instruments. The main form of financial risk faced by the trust is that a 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 within particular sectors or sub sectors.

Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

1. Accounting Policies (cont)

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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 the 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 after allowing for any discounts due.

Accounting Judgements & Estimation Uncertainty There are no areas requiring critical accounting judgements or estimates made with uncertainty.

Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. 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.

Foreign currencies

Items included in the financial statements are measured using the currency of the primary economic environment in which the trust operates (‘the functional currency’). The financial statements are presented in Sterling, which is the functional and presentation currency.

Foreign currency transactions are translated into the functional currency using the spot rate exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses are presented within the statement of financial activities.

Going concern

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. There were no significant areas of adjustment and with respect to the next reporting period, no significant areas of uncertainty.

-Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

2. Charitable Activities

Charitable Activities
	2025	2024
	£	£
Grants approved by the trustees in the yearwere as follows:
Other Grants
Project Ability refund ofgrant	-	(1,500)
University of Strathclyde refund ofgrant	(13,750)	-
University of Strathclyde refund ofgrant	(2,500)	-
Add provision for
Grants awarded during year:-
Kintyre Seasports	30,000	4,500
Ocean Youth Trust	5,360	10,000
Sunshine Wishes Childrens Charity	2,750	-
Royal Scottish National Orchestra	7,500	6,000
Scottish Ballet		30,000
Scottish Ballet	20,000
University ofStrathclyde Rising Star	-	12,000
Ayrshire College	15,000	15,000
City ofGlasgow College	15,500	15,500
Glasgow Caledonian University (social work)	18,000	6,000
Glasgow Caledonian University (nursing)	18,000	6,000
Glasgow Caledonian University (additional nursing)	12,000	-
Young Enterprise Scotland	-	5,000
University of Strathclyde	-	12,000
National Youth Orchestra	11,450	-
SmartSTEMs Royal Conservatoire ofScotland Rising Star	- 10,000	30,000 10,000
Royal Conservatoire ofScotland Pointe shoes	2,500
SirThomas Lipton Foundation	1,350	-
The Tron Theatre Glasgow	5,484	-
Children's Classic Concerts	5,000	5,000
Royal Conservatoire ofScotland	10,000	10,000
Scottish Chamber Orchestra	-	-
West College Scotland Tools ofthe Trade	17,200	14,000
West College Scotland Rising Star	-	9,613
Campbeltown Brass Rising Star	.	-
University ofWest Scotland	10,000	-
University ofWest Scotland Rising Star	20,000
Edinburgh DanceAcademy Rising Star	-	30,000
Royal Collage ofMusic	3,000	-
Who Cares? Scotland	-	9,300
StAidens High School	-	2,500
Scottish Youth Dance	-	5,000
Campbeltown Grammer Rising Star	-	10,000
Community Housing Advocacy Project	10,000	10,000
Scottish Ballet 30year anniversary	30,000	-
Totalgrantsawarded	263,844	265,913

.Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

==> picture [424 x 75] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |3.|Other|- Governance Costs|Unrestricted|Unrestricted| |2025|2024| |Administration|Costs|25,200|26,360| |Auditors'|Fees|5,010|2,490| |Website|costs|856|755| |31,066|29,605|

----- End of picture text -----

4. Trustee remuneration and expenses No trustee received remuneration nor reimbursed expenses from the trust during the year (2024: Enil). 5. Investments

==> picture [426 x 389] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |e|£| |Market|value|at 30|June|2024|9,101,092|8,592,777| |Additions|(cost)|1,974,048|2,964,201| |Disposals|(proceeds)|(2,062,645)|(3,071,723)| |Gain/(Loss)|on|sale|of investments|62,790|181,223| |Unrealised|(loss)/gain|on|investments|(392,755)|434,614| |Market|value|at|30 June|2025|8,682,529|9,101,092| |2025|2024| |The|investments|at|market|value|comprise|£|f| |the|following:| |UK|equities|1,805,556|2,050,186| |UK|Government|stock|2,263,153|1,517,858| |US|Government|stock|613,395|1,152,100| |International|equities|4,000,425|4,380,948| |8,682,529|9,101,092| |6.|Debtors:|amounts|falling|due|within|one|year|2025|2024| |£|£| |Dividends|due|-|6,530| |-|6,530| |7.|Creditors:|amounts|falling|due|within|one|year| |2025|2024| |£|£| |Accruals| |Milne|Craig|audit fee|7,320|2,310| |Brodies|LLP|fee|6,300|6,970| |MclInroy|& Wood|investment|management|fee|13,141|13,690|

----- End of picture text -----

.Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

NOTES TOTHE FINANCIAL STATEMENTS
Fortheyearended 30June 2025
Creditors: amounts falling due within oneyear continued
	2025	2024
	£	£
Community HousingAdvocacy Project awarded 2023/24 and due to	-	10,000
be paid in 2024/25
StAiden's High School awarded 2023/24 and due to be paid 2024/25	5	2,500
University of Strathclyde awarded in 2023/24 and due to be paid	-	12,000
2024/25
Ayrshire Collegeawarded in 2022/23 and due to be paid in 2023/24	-	15,000
CityofGlasgow College awarded in 2022/23 and due to be paid	-	15,500
2023/24
MoneyAdvice Centre awarded 2023/24 and due to be paid in 2024/25	-	10,000
due to be paid in 2022/23
Who Cares? Scotland awarded in 2023/24 and due to be paid in	-	9,300
2024/25
Scottish Youth Dance awarded in 2023/24 and due to be paid 2024/25	-	5,000
West of Scotland Tools ofthe Trade awarded in 2023/24 and due to	-	14,000
be paid in 2024/25
West College Scotland Rising Starawarded in 2023/24 and due to be	-	9,613
paid in 2024/25
Young Enterprise Scotland awarded in 2023/24 and	-	5,000
due to be paid in 2024/25
Knightswood Secondary School Rising Starawarded in 2022/23 and	-	9,000
due to be paid in 2024/25
University of Strathclyde Rising Starawarded in 2023/24 and due	-	12,000
to be paid 2024/25
Royal Scottish National Orchestra awarded in 2023/24 and due to be	-	6,000
paid in 2024/25
Glasgow Caledonian Universityawarded in 2023/24 and due to be	-	6,000
paid in 2024/25
Glasgow Caledonian University Nursing awarded in 2023/24 and due t	-	6,000
be paid in 20244/25
Children's Classic Concerts awarded in 2023/24 and due to be paid	-	5,000
in 2024/25
Glasgow Caledonian University awarded in 2021/22 and due to be	.	5,000
paid in 2024/5
Kintyre Seasports awarded in 2023/24 and due to be paid in 2024/25	-	4,500
University ofStrathclyde awarded in 2021/22 and due to be paid	-	2,500
in2024/25

Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

Creditors: amounts falling due within one year continued
	2025	2024
	£	£
West of Scotland awarded in 2021/22 and due to be paid		2,500
2024/25
Campbeltown Brass awarded in 2022/23 and due to be paid in	-	10,000
2023/24
Campbeltown Brass awarded in 2022/23 and due to be paid in	10,000	10,000
2024/25
National Youth Choirof Scotland awarded in 2022/23 and due to be	-	5,000
paid in 2024/25
SmartSTEMs awarded in 2023/24 and due to be paid in 2024/25	-	10,000
Royal Conservatoire ofScotland Rising Starawarded in 2023/24 and	-	10,000
due to be paid in 2024/25
The Tron Theatre Glasgow awarded in 2022/23 and due to be paid in	-	2,600
2024/25
Royal Conservatoire of Scotland awarded in 2032/24 and due to be
paid in 2024/25	-	10,000
Campbeltown Brass Rising Star awarded in 2022/23 and due to be	-	3,333
paid in 2024/25		:
Edinburgh Dance Academy Rising Starawarded in 2023/24 and due	-	10,000
to be paid in 2024/25
Scottish Balletawarded in 2023/24 and due to be paid in 2024/25	-	10,000
Scottish Ballet30 year anniversary awarded in 2024/25 and due to
be paid in 2025/26	30,000
Campbeltown Grammar School awarded in 2023/24 and due to be
paid in 2024/25	-	2,500
Kintyre Seasports awarded in 2024/25 and due to be paid in 2024/25
and 2025/26	15,000	-
West of Scotland Tools of the Trade awarded in 2024/25 and due
to be paid in 2025/26	17,200
Glasgow Caledonian University (social work) awarded in 2023/4 and
due to be paid in 2025/26	6,000	-
Glasgow Caledonian University (nursing) awarded in 2023/4 and due	6,000	-
paid in 2025/26
Glasgow Caledonian University (additional nursing) awarded in
2024/25 and due to be paid in 2025/26	3,000
	113,961	272,816

.Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx 17

Brodies

JOHN MATHER TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

8.	Creditors: amounts falling due aftermorethan one year	Creditors: amounts falling due aftermorethan one year
				2025	2024
				£	£
	Accruals - committed donations
	Scottish Ballet awarded in 2023/24 and due to be paid in	2026/27		10,000	20,000
	Glasgow Caledonian University awarded in 2021/22 and	due to be		-	5,000
	paid in 2025/26
	University of Strathclyde awarded in 2021/22 and due to	be paid			2,500
	in 2025/26
	West ofScotland awarded in 2021/22 and due to be paid			-	2,500
	2025/26
	Campbeltown Brass awarded in 2022/23 and due to be paid		2024/25	-	10,000
	and 2025/26
	National Youth Choir of Scotland awarded in 2022/23 and due to be			-	5,000
	paid in 2025/26
	Campbeltown Brass Rising Starawarded in 2022/23 and	due to be		-	3,334
	paid in 2025/26
	SmartSTEMS awarded 2023/24 and due to be paid 2026/27			10,000	20,000
	Edinburgh DanceAcademy Rising Starawarded in 2023/24		and due	10,000	20,000
	to be paid in 2026/27
	Campbeltown Grammar School awarded in 2023/24 and	due to be
	paid in 2026/27 and 2027/28			5,000	7500
	Glasgow Caledonian University (social work) awarded in	2023/4 and
	paid in 2026/27			6,000	-
	Glasgow Caledonian University (nursing) awarded in 2023/4 and due				-
	to be paid in 2026/27			6,000
	GlasgowCaledonian University (additional nursing) awarded in
	2024/25 and due to be paid in 2026/27 and 2027/28			6,000	-
				53,000	95,834
9.	Unrestricted Funds
	Balance at Receivedin	Resources		Othergains	Balance at
	30-Jun-24 year zr £	expended 2		and losses £	30-Jun-25 £
	Revenue Fund 9,301,121 302,445		(348,853)	(329,966)	8,924,748
	Explanation ofFunds
	Unrestricted
	General Fund - this represents funds available for general trust purposes. All income is credited to the
	GeneralFund.

.Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx

Brodies

JOHN MATHER TRUST

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30 June 2025

10. Analysis of Net Assets by Funds

Analysis of Net Assets by Funds
		Total
	Revenue	Unrestricted
	Fund	Funds
	£	i
Fixed Assets
Investments	8,682,529	8,682,529
Current Assets
Cash at bank and in hand	409,180	409,180
(Debtors) falling due within one year	-	-
Current Liabilities
(Creditors) falling due within one year	(113,961)	(113,961)
(Creditors) falling due aftermore than one year	(53,000)	(53,000)
NetAssets	8,924,748	8,924,748

.Acc 2025 MAT_0145 30 Jun 2025 (FRS102).xIsx 19

Brodies