REGIERED CHARITY NUMBEK. SC O246t7 Rep•rt oftheTrryrteeB Md f•rth• YeAtr Ethltd30Jw 2124 Rob¢rt*ow Morfllk•lbJn TrMs( SBP Glebefield Ho 21 Lith Ttsrxe Aberdewhi AB42 2XA
•f tht FknabriAI for th Ye•r 3• Ju•e 2024 PA Ind•pth&Dt Ryrt riot•x to the St4leNK•ts 8 to 12 DthllEd 5tst¢rnmt •fFlm•Drl Aethl4 13
hrtht Ver End3{1 J•Trt 2024 Th¢ tsws¢s prtsem thELT Tewl with th¢ statem of the cknrity fw ye4t enthd 30 June 2024. The applicable to ¢htrtlits preparing their aCCOkmts io with the YinrA¢i81 RwtDJ8 Stwthd appJi¢ubl¢ • th¢ and Rqwbli¢ of Irdmd IFRS 102) (¢ffcdive l J•nu•y 2019) OBJECTIVES AND AcnvrriFS objtttt aud Alms The objeaives of the ¥¢ Sth in the will of the late Rtsbert io tht folhw tmg (Ill origiMI 5p¢IIi having been r#41t>t)." rthv c(the 6Jll and rwlwtw..... d relief of th¢ poor and tilt ir the wish of md alxs fiy the SUPF&Yt of the 1%1 ordirwicc5 and of • whith r¢yo1ll thy Pr££td5 from th¢ ¥ral I bcar and the 8ILry and h)r of God I1 ibllt the Jxirtipky of our knly •Dd Cthrls religpJn may b¢ th¢ mor¢ cffe¢tiv¢ty prDpaRAttd aThJ tha the said ass1 ConY%8wi JMY woyr io Pethe&d ano o]so frLMn ll desire thai th¢ PoLf in said PaTith of P¥x¢th¢4d m•y rtLe1 brn¢fft ..... my $4id tru#ees th1 ID 411 iirne canin8 be iYJJnd oblwA1 .. pzy yelrly. of the rents & profits fmn..Jhe Tnw &Jbicd5... to the rn0 iTMligaJi and n8115 PLX)r of the ld Prish of Pdeth¢d witkn disilTrXi the sum of Ten s11. IDJ it is my pwticul•r duire thAt th¢ 5wne k distrlw am that a pwt ther&)f may $0 be 8iven & wlith4 tow¥ds th¢ Edu¢•tVJD of Pwr CThildYry ill sllid Pwith, Wtre Parents •t uMbl¢ pay for thEir FA4w4tson. Ind tht J&nrA of the of th¢ s•id subieu8 shll k •plitiJ r(v thr use and btrfi of thE forId cOnkreRln & tht¥e su¢t¢#(¥4 th¢ $uppxt Cf a minithr disr% th¢ cPe1 & G(wl &dinHnce$ in th¢ JAid Cot>8r¢Ka1i Ind T to my Tnthe5 knv¢ to dilig0 er4uiry ywly, for the most The£1(J5 Poor Houstholders of the Mid pwish of Prtctht•l & CaTrful that the iaMI sum of Ten punds M¢riin8 hereby fry the oftht p. be gfvth •NJ to Pern$ ClY Is rt41 thl pnypeT obierts of Chity'. The Trusttes the eivil of the • wide FvIiciioll within the Portgh of Perhe•4, for •Jl w¢lfark simitsr PWFQJeS. The Trusi hAS miniained a $tr(S histor). of makin8 8rnnts applilts withit) thc Tn F4ry)sts from th¢ hxai unity tt¢le5i&%iic41 dM¢¢thi of the A1 Congre8atKJn, nwnely P¢tedx¥l New Prish CThur¢h, within th¢ of kixlarxL and fwid5 JKM exptsmled retsined &8 caprtd of the Tni. A ¢ommitltt of TruthEJ L)iu]dj upp11)¥ for fithdin8 wl n8 its teromrnerth toa full meaii8 ofTnLW. tkn to impact on the TTU5t as explind der IKading Trr5k a mortorium ptoced by the TTh$i¢ei (¥L of 8rnrts to the Trust to msiuloin fitwiai stsi¥lrty. txrng th¢ yew the moratorium 8raffls W85 mpcrf4ry lifttd loW New Parish Chttth kn forni • fiThJ for the of youth wth Wbthin th¢ LuTCh. ACHILVEMEPry AYID PKRFORMAficE irtivitl L(19 t(rtallin8 £26, 12023.. £4.thl weTe rn•Je the P•rish of P¢tcrtKI durin8 ThE Tnskes CBny no ¢xterMI fijtthising. of the of thr Tr1 is by wy of fEThal ]le f heritable prop*r5 owned by the Trust. Ren1 in¢t has by to JJ23 il itKre8ged by Z3 Page I
Report o(th¢Tn fortht YeAr EtylEd 39 Jwi¢ 2•24 ACIIIEVEMENT AND PERFORMANCE IDveslm¢nt ptrfon#•tt¢¢ The pNtfolhJ c4Jntinws lo k man by the fty)rs. St¢wart & Watson &)li¢ityw5 5uii¢G¢ tD the itLmrtKmS sutNsioD of the With the 8U of th¢ iuililiw commiiiee comprisin8 th¢ Chailm 4nd Cleyk of Work5. The pr(kR5 wtte rev11 by pofe5sinsI survryLYs. D.M Dccunber 2017 And the overnil lu¢ of thc kxA1folh) hts rEThiin•J ill tr firwKi81 sttteTn At 45AlJfAI. The tnthes believe that this is • hir rdecttonof th ¢wrcnt Thwket valu¢. IXwd¢nd income trI11n8 £4,IPJ9 12023.. £5,059) WJS fnKn theye in%tstrD¢nts whith was aUmatiCallY re-investtd in the res11 fvnds. Affttt irISe in valuation rwii of the dNithnd Tneome ar jnv¢ythnertt wowth. the underlyin8 nluc of investsts by £35,913 12023: £14.4311 d05in8 At £254.934 12023.. £2II.951). IIIYANCIAL REVIEW The net inu)m¢l¢xF¢nditirt f the y¢ar b¢k¥E duri[ W•5 a of£3?.482 whith a J11¥ of £47247 ThE I'riLqt tonlinues * SLVtth petrth Infimi by tift8 thelh tittupmi of¥ unit on 4 rent t)te basis thn1) ID kiThl rnkinR vrL4ffl prnniw aliab free of dw8e to I11 p)d Ind commuMi(y evmts. Alknr allovJin8 for 8raThi the M $11 kfoTr jn¢nts ) iThveym ryop•ty rtvduaibj wo5 a 5urplw 11) of £37.482 c¥)mpred ty a of £47247 in th¢ FY¢viou5 yw. Tht bAt¥ttce she£t 15 with cwreffl of £101.613 0023.. £69.130) * the yur providin8 suffi¢ient ()ver meet IXLbYJin8 d•y to day artivmie Prlnclpjl fllndlnÉ Th¢ prirtiFd fimdin8 SOUW¢ ¥X¥nUm * b¢ iTrxffle 8rnv•ftd fr<¥n the Invutrni wlky ob}V Th¢ iDv¢strneth ObJ¥e of the chlty li mAtDtsth th¢ prrwty p)Tthlio wtth a view to incom¢ ) kn•tions ts) be mDd¢ to m¢¢tthe rmin wms ofthc Funds wre Also iTEsted in 6h8r¢ prtfolios with • View + m&xirni3i4 on liquid reww¢¢s. Reservoj poll The fin¢111 01t1 of the TnAt 15 (tmknin irj the rtM¢hed The fitW1¢45 ofthe fnm we miewtd by th¢ Tnsttts meetin8. Th¢ Trwt a poli¢y of dig¢riiwAin8 a5 rnb of its irKLMne in the Lxwaf of the yetr Is li e4rt by of ideniifyw suitsble Tlpnts of fwjds vlhicth fall within the ¢hawithbl¢ of the Tn( dd. Suffi¢io)t h nseThes aye mlinthined med day kn day are only mldt when wfficient fimds 8 ovail4ble (k) x). FUTURE PLAP4S Slreams from tht Tnt L55¢ts idertify Wilh the Pish of Pthcrt, whK* can b¢ likviAl thd fund&1 within the lernOr the WTP)se$. STRiJCTVR& GOVERNANCE AND MAI¥AGEME Govtrningdoeumeftt Th¢ cknity i5contyolkd by its &Thrning a ¢knd Offn and COD11¢$ thirity.
qx>rf •flbeTrnt• thr Ye•rE4thd3(l JwD¢ 21n4 The wung theJrnt of the Tnmi is the Will ofii% lltr JOI Rolvrw. C(41ithw. Pethe4. th1 12 1791 In of his Will. the kn Mi RObertn 4wx)inted as his Tnjkn thE elders of the Askxi&te con8relati PdeThe whith h85 dtvolved to clda5 of Pttryhe•J N¢w P•ri5b wh) ve Tr$ ex offic. Appointinetx 05 eider of PetedNeW hrish PJlhr4d is by dECth(m oftk manbul ofth Thl¢h. All n¢w aTt fiJ]ty appr4igol of the w018s olthe Tnth d its PIPleS by the aelk to the Tntyt. DECi5iOD5 in w¢kntion to Tntyl busirKss art * mealthgs of by Ma decision. The day to day Tunlling of Ihe Th]st and its propatits i5 d¢l¢Bd to the f¥tLY& mes St¢wrt & W•tson. Soli¢iM. The Tnts¢ has M a6K)CiBod cr sub5idiory bodie& One of the Tr5. has £ of in thioll to the upk'eep Jiirt in1inten of the sthtartial Tn1 PK 1I1(51,,, Since Je 2017. Thc rtmLwron Ole rL'S Eiive trust#e meet th¢ nditio of 07 ot'tr 2005 Ad thd •iwlr4 10 £5.(#I) (2011.. LS.iXiII for were plid h) the Tn]rte48. Th¢ main findn¢wJ rijk to the ¢hArity is t4)nsidutd E¢ of c45htlow ID of flow of tnwm¢ fA)m the propty prfolio kn f th¢ on80in8 man88em¢nt m•inkn4¢ of th¢ pirticul8rly if thy foreseen mijor rep•irs TequifEd. kny of the ¢nui ¢4xnmu¢ial Pwies. whKh ATE lown centre retsil prwni were Id in tht Ith on 20 yw le&w which tenninth jltyt wior to the COVID pwmic. Sxurin8 Plement ¢oMtnertI tts of rajilE within the M rcntrt h&4 r¢maineAI & Lallenge fcr &q li dLXS for Tnthy ¢tTtr l•ndh)rd5 the t•. To m¢ thi5 dMller¥e the TTPJSt ChDir mintsins an xliye rol¢ in lia1n8 with the Lct41 ALLtknrity Ind mBintsinin8 $WaTtn of all iThi1511is wthich Mryk tyw4rds rtinviyplin8 improwD8 the town ccntrE. The TnLsle¢5 kmpranly r•us¢tl iwxd6 in rrttrt ye8TS in order w nwintoiti suffi¢i¢nl hthds within the the rffi80in£ obligS of of thE lIdIng P¥hvever whilst renthls w¢r¢ in lime IN)wever in th¢ yw 2 June 2024 wwe 1¢ mDke 8 %(%26,() to Petrrlal New hri5h Chureh Én¢eJthd lo suppjrt th• ¢hur¢h in its w)rk to t•blith next wohises and with its work D) outre4ch the aJmmwJity. The Tntsiees be thle to cominue with a Appr•th making awwds whilst PJMinuins to m¥intain funds within the Tru maintin the Th1 fthwe wer¥ion5. REFERENCE AP4D ADMINISTK4TIVE DETAIIS R¢Kkter•d Charfty SC 024687 Prindpal Mldrts• Per StEw•rt & Walw. Soli¢it 35 Street Perhe AberdcM$hirE AB42 ITr
J•kn Rotertxu Mortlfit*tth Trnt forthe Yur Ended 30Jw 1024 REfF.RENCE 4DMif4isfRATIVE DETAILS SLIE, GkE¢field 21 Link5 Turncc Petetkn Atr•deeRshir¢ AB42 ZXA 21125 atkl siyKd fffi its bEhf by..
ID(It4)thdtDt Ryrt to the Tr#s¢eg4 Df hn RJertN Monllkth Try l Njort m the fOrye4rthl 30 Jutte2024 5th ilttonpy sixty The cknrity tsyst¢¢5 ¢ TAK$?) +k the pre[w of the in %wrthnce with the ttrnis of the awyties d Tnytee vrnI (Scothndl Aa 2W5 aThJ the awiiies AcMunts (YMIJNII Re8ul#ions 2(K161ts amendEdl clwity's Inets ctysidff the a1[ Jwuirrnmi of Re8ulatrtt IfMIKal {¢) of the A¢wJrts Re1tKffis th¢s nol ly. It my reslbilIty the WEquired urth SK¢¥)Jb 44IIKc) of the Ad tt> ST¢ whother lcul m&ttcr5 v¢ (ane my ntKJ. examirticffl ¢I1j out with R¢Bulati( I l of the awitics A¢¢amts {s¢ot141) Rcgulations 2. An ex&rninatM includes & rtviÈw of the r•))Tth kw by thr a Compritt ofth¢ I¢ts p¢1 with tlyxc rrLyJrd5. 11 $0 i[L$ WMItAti of gny unu5ua] it•ns or dts¢b5un¥ in the xcount& and 5cd(in8 expla11( frDm you Spy suth m•Thpts. The prcKedwes der1•kett th) rK)t Tknvide all th¢ ¢vid¢n¢e thal would br wuircd in •Mlic wttntly l &) •) rAxILI opinirffj op th¢ view by IndtpthdtDt ¢Yablt)eViitAtement 11 I which Bives me ratonabl¢ e•we b¢liev¢ M in any rt¥t4 the rwiii¢m¢nty to keep aeecwtin8 WWLYd8 in xthn¢¢ with secti 41(IXal Df th 2(K15 Ad arKI Rryuknicfj 4 of the 2fy)6 Accour RegUlKLs. and to Prep whith with the bj uryly with Relu) 8 of th¢ 2fy Arojwrts Re81 12) VJ whi¢h, in my ttthld be in to axbl¢ • F¥tw¥ Wth[dIn8 ofth¢ w¥wits kn b¢ vh .QcLA)untanls Glebefield Hwe 21 Links'fewrnce Aberdeenshi AB42 2XA 28 MArch 2025
Sttementof FifftaThthl (OT the Ye•r EJ)thd 3•JuDt2•24 30.6.23 iJnr•rtolett41 fulld IWCOME AND ENDOWMEWTS FROM Ir&v¢sunM¢ 11Kme 17W9 177586 EXPENDmTrE ON sir8 fid$ 126J39 DoD4tIU k dwithk F4W¢WS To¢•1 137,147 130,339 Net8iiAS Lm inrtstm 9.372 NET INLY)ME 56,619 RECONCILIATI(AY OF FUNDS Tcul bro¥8hi forw¥d 2ISV81 2,801.962 TOTAL FL'NDS CARRIED FORWARD 2,927047 2,851.581 *B5 fonn ofthcsc 5ments
31 j¢2•24 30.623 fund filnds FIXED A&SEIS Invnth1 pro Swial invtStrn¢nts 2J70J 254,931 2.57Q5WJ 218.951 212S434 2.789.451 29.934 IJU73 30.156 91.192 14SK17 121,348 CREDFfoRS ArnOts filling within y 10 (512181 NET CURRKNT A&SETS 69.130 TOTAL ASStTS LESS CVRREKt LIABILrnES 1858381 NET ASSETS 1927W7 2.858.581 FLThDS Unres¢rictsl t 27047 2.858J81 TOTAL FUNDS I917•7 2,851,581 3i8ned (* its behr
tb¢ Yt4r Ended30 Ju&t 2024
AcCOuNG POUCJES
Th¢ finIj styt¢mu of the chwity. is R public irnefii entlty FRS 102. ve ittD '
TdwKc with the Clwific5 SORTr IFRS 1021 'Accowrting RerA)ning by aJaTiiic5". Sent of
Recornmertd¢d Prnctice ylic4)k to L4witio p¢pring their •¢¢wnts in rKcordance with th¢ Financi
Stsodwd 44y1b]e ÉD tr¢ UK and RtpuW of ]rtland {FRS 1021 (effxtiv¢ l J•nwy 2019y,
FI11 liepxiin8 sId 102 Tr Fintncidl StsThlard awJli(2bk in tht UK kewblic of
1T¢iw, End the ChArities and Tnolt¢ (s)1 Aa 21K)3. The lvt b
GdD£ Comc
Thc Trustres hov¢ ciThiduel thi gvernll fowl¢1 poyts(ffl oflhe chtrrty of th¢ Trirw that there Ve no
maiuial uncuthirtiC5 ability to ojrtinue fLY the Thvefve for tr fthee
firture on this ba514 the ac¢cdmts hv¢ b¢rn pryffd on 4 18 oxwl b&si
IA<I)IIIE
All income Is rt¢Qgni5pJ S¢ of FINK1 Ac4iviti"¢5 (m¢e the has tmtiikfflerl lo the fi1$. il
is thtth¢ irKt¥nE will b¢ 11¥¥1 th¢ bern¢wr reliabty.
F.xp4wJitsre
Liabiliii¢s rttwisoj M ¢xp¥hlithre ¥ ¥rx)n w thert 15 a lryaj Ir ¢OnStiWlive oblLWI)n coiimitling the
hwity to it is t0b•ble thDt a tr(¢1 of benefits Mill bE r4uirtd in Settlement
the ofth¢ obligation bt MeW liablY. is a¢wurted for On aTh ha5
bem ¢1•ified under be•diny 48fe8at¢ ail r¢lrted * th¢ ¢4tr80ry. Whu¢ c4) be directly
Grmts offered b}e¢l to cortdilioN hfft be¢0 If thE yeT ¢TrJ d#e •¢ nod w •
pr•porty
ThE Investhtrtnl pr10 is marka valw was deterniiKd ty DM
H411 Charterèj Swv¢yors in 2017 •nd by the Tnb¢5 i4.
TA¢1)0
The ¢htty15 ¢¥emp frun its clithk adivilie
•¢c•untl
R¢Arict&l tlw
fvr th¢ Yur Eod¢d 39 2024 INVESTMENT INCY)ME &24 30.6.23 Rcnts rrcrivcd Ttnan¢s rntrtributM)nJ Diirydends redd on illV¢S¢m 163.864 9.165 S.059 S73 1361 17W9 177 J86 RAISThG FUNDS 30.6.23 InsurC• 23J 33348 22241 44.167 Syndry expErts COU11 & rnte5 PMf¢siionl f¢4$ Faa&s fees 303 8,184 3556 3&400 4.488 4949 3J 126J39 GRANTS PAYABLE 3•A24 30.6.23 t105 fordwitsbk The 1 pw'd 10 Insi)1¢ dwiThJthe yetr •$ ¥ hlh)ws'. X¢A24 30.6.23 4,OC AUDITOILS, REMUNERATIO 31.4 30.6.23 Fec5 payzbk kn th¢ c1wity audim kythe •Ait ofthe ¢hthity's fir141 ststtments 4.488 Audit$ T¢mwxrnt*)n £1 th38 iii th¢ ¥0)LutY fees for pTepuBtion of the financial 9MentS I1 Indederf e¥wni¢wty)n plus £1.914 in aydii k¢$ Royal FlIty of ProcuTat¥5. Py9 Continued...
Job• Robertmn Trnit for the YtAr End¢dl JuDe 2•24 TRUSIELW RKMUNERAT10N AND BENEFITS 45dukofw yllb9tsrtti•1 Twust wpcn) portfolio. Th¢ F4id li £5.). io the and malntrrA of the 11 thB fiw¢i81 ye4T V5 £5,[K (2023.. Trnitett, Ththy trwl¢ts' w¢M¢s 10 fortheyex 3Qjw 2024 nor yrwuded 30 June 2023. IliVESTMEhT PROPERTY The t4lll d of us70 ddern111 by w0fusio tht¥I sw¥tym, DM H1, & at 21 Dec¢mber 2017. The valu&tion is by th Tn¢s 8$ b¢i08 • flir rtfkthi of the mwket v8]ue of the Ytijerty wxtfolxi as tht yw ejwj d¢ of 30th Jur¢ 2024. Thc v•Ju•fiw will b¢ ree1{d by thE ongoin8 ann1 bAsi$. illvHtmEnts MARKET VALUE At l Juty 2023 Additions Rev8luIti 318.951 999 At 30 Jme 2024 254J34 NET BOOK VALUE At 30 Junt 2024 254.934 At 30 Jun¢ 2Q23 211.951 Coknibii 11weknle. Cost or walLW¢n in 224 IV3J Z54.934 Past io
forthe Yor End]•ju1 2•24 DEWfOKS: AMOUNf3 FALLING DUE WITHIN OPIE YEAR 3DA24 30h23 Amtmml by fxtcrfs 313 21619 4,720 25.436 29.934 30,156 If CREDITORS: AMOVNTS FAiLING DUE WITHIN OYE YEAR 30A424 30ffj23 Trnde ¢reditOT5 44194 51218 ii. mOVEMw IN FLliDS At 30.624 At 1.7.23 in fundB Unrle 2,927W7 TOTAL FUYDS 6&4é6 2.917147 Net moV¢M¢ in fiwth, in llb)v¢ fc4k)ws'. IrKMni Gall •Thl moV¢n¢ iti fimds Unn•trltt•d 174 (137.147} TOTAL FUNfk8 174A9 (137.1471 3•,984 Cornprn¢lve8 for fvJMJs Ai 30.623 Ai 1.7.22 in fthwjs Uvtatrirte41 1801, 5&619 2851581 TOTAL FUNDS 2.BOI,962 56,619 2158,531
to the Flnndl ststrmottty. ¢owthued for tbeyur E•d¢d 30 Julle 2024 11. MOVEMENT Ili FUNDS. Irwmin8 Rc9)UT¢es Gn5 ¥Th4 Movemem in fiands GEn¢r41 I77J86 (13OJ39) 9J72 56.619 iYyrAL FUNDS 177.586 (130J391 9Jn 56.619 A OJI1 yew 12 momhs •AxI pm¥yw 12 rombill¢dp)siil li ufo]kn¥s: Nd At 30.6.24 Ai 1.7.22 in funts fiwd• Crtnertl 2.Wl.962 125.085 2,927,047 TufAL FUNIKS UOl,962 125.08J 1927.047 A 17urem y¢Ar 12 Nd pNY year 12 wnbined n>)v•neni ir• funds irlud&l in the Abov¢ Qbr Ibw5'. In¢omin8 Giinj and Movement Unrulrldttl fuNd¥ General fund 351215 1267,486) 40J56 125,08J TOTAL Vulit 352215 1267.4161 40J56 125,085 12. RELATED PARTY DISCLOSURLS There transa¢tions with pwD'e5 oth¢r than the pid to thE TTWSI ag P4¢ 12
for tht Yur EudE4 3• Junt2024 30.6.24 30.6 JNCOME AND ENDOWM£NIS Rents rtteived Tajartt's c(fflmlJwi0Tr5 Dividernls ffc'd inve5tsDryts 158J04 9,165 4999 163.804 5.059 373 174629 177,586 174h29 I77J86 EXPENDrruiiE 23J58 33J48 21241 44.167 Sundry txFaises c¢17 ¢&x & rnt Prnfession ftf4 P8Ctorf$ f¢t8 303 8.184 3.556 31.4( 107J95 121,851 arStsble •dlvl¢i Grants to ill8tiNtiL 4,OC(I AudIr5'remrntIon ¥S2 4,488 137,147 130.339 N¢t iDtame 37A82 47.247 Pa8t 13