REGISTERED CHARITY NUMBER: SC024691
Report of the Trustees and
Financial Statements for the Year Ended5 April 2025
for
Grahame W. Pincock Charitable Trust
Stevenson & Kyles Chartered Accountants Statutory Auditor 25 Sandyford Place Glasgow G3 7NG
Grahame W. Pincock Charitable Trust
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|Contents|of the|Financial|Statements|
|for|the|Year Ended|5|April 2025|
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|Reference and|Administrative|Details|1|
|Report|of the Trustees|:|2|to|4|
|Report of the Independent Auditors|5|to|8|
|Statement|of Financial|Activities|9|
|Balance|Sheet|10|
|Notes|to|the|Financial|Statements|11|to|17|.|
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Grahame W. Pincock Charitable Trust
Reference and Administrative Details for the Year Ended 5 April 2025 — a PRINCIPAL ADDRESS 190 St Vincent Street ; Glasgow G2 5SP REGISTERED CHARITY SC024691 ; NUMBER AUDITORS Stevenson & Kyles Chartered Accountants Statutory Auditor 25 Sandyford Place Glasgow G3 7NG SOLICITORS Miller Beckett and Jackson 190 St Vincent Street Glasgow G2 5SP INVESTMENT MANAGERS _ Barclays Wealth Management 11 Melville Crescent Edinburgh EH3 7LU
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Grahame W. Pincock Charitable Trust
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Report of the Trustees for the Year Ended 5 April 2025
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of 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 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
In terms of the The Grahame Winnington Pincock Charitable Trust dated 24 February 1996 and registered in the Books of Council and Session on 6 March 1996, the Trustees were directed to hold the whole funds and assets of the Trust Property and to apply the income thereof for the benefit of Marie Curie Cancer Care and the Cancer Research Campaign, to the extent that 25% of the income passes to Marie Curie Cancer Care and 75% to the Cancer Research Campaign. On the cessation of either afore named charities the trustees have full and absolute power to distribute to such othér similar charitable institutions devoted to the care of or research of cancer as they may decide.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The Trust fulfilled its charitable activities through the granting of donations to the charitable bodies as specified in the Trust Deed. In the year ended 5 April 2025 the trustees awarded donations totalling £300,000 (2024: £260,000).
FINANCIAL REVIEW
Financial position
Total incoming resources were £333,180 for the year (2024: £319,257). Expenditure of the Trust was £354,617 for the year (2024: £314,630). After accounting for the net loss on the investment portfolio of £272,572 (2024: gain £635,763) the Trust reported a net decrease in funds of £294,009 for the year (2024: increase £640,390). As at 5 April 2025 the total funds of the trust were £10,588,247 (2024: £10,882,256).
Investment policy and objectives
The trustees’ investment policy is to seek to maintain or improve the level of income produced to support the Trust's objectives whilst safeguarding the capital of the Trust. The Trust's investments are managed and regularly reviewed by the Stockbrokers. Dividends and interest received in the year totalled £333,180 (2024: £319,257). At 5 April 2025 the value of the Trust's Investments amounted to £10,400,074 (2024: £10,706,835) due to stock market conditions.
Reserves policy
The unrestricted fund, £180,982 as at 5 April 2025 (2024: £192,420), represents accumulated surpluses and deficits on monies and is available for use of the trustees in furtherance of the charitable objects. The trustees consider this to be of an acceptable level. In future years expenditure will be committed having regard to the fund balance and income streams. The endowment fund balance as at 5 April 2025 was £10,407,265 (2024: £10,689,836).
FUTURE PLANS
The trustees will continue to ensure that the objects of the Trust are fulfilled.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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Grahame W. Pincock Charitable Trust
Report of the Trustees for the Year Ended 5 April 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees The trustees were appointed in accordance with the terms of the The Grahame Winnington Pincock Charitable Trust Deed. Serving trustees may appoint additional trustees as required taking into account their skills and knowledge of the charity and will provide any necessary induction.
Key management remuneration The trustees are the key management of the Trust being responsible for the decisions as to the strategy of the Trust.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees are aware of the risks and consider that adequate procedures are in place for dealing with risk assessment, particularly in relation to the management of the investment portfolio and the control of the cash reserves. The trustees consider the variability of investment returns to constitute the charity's major financial risk. This is mitigated by retaining expert investment managers. Cash reserves are managed by the appointed law representative and reviewed regularly by trustees to address finances. All procedures are periodically reviewed to ensure they still meet the needs of the charity.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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Select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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- make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and The Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Grahame W. Pincock Charitable Trust Report of the Trustees for the Year Ended 5 April 2025 |_
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Report of the Independent Auditors to the Trustees of
Grahame W. Pincock Charitable Trust
Opinion
We have audited the financial statements of Grahame W. Pincock Charitable Trust (the 'charity’) for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet and 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:
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give a true and fair view of the state of the charity's affairs as at 5 April 2025 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities 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 the provisions available for small entities, in the circumstances set out in note 14 to the financial statements, 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 for 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 sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included 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.
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Report of the Independent Auditors to the Trustees of
Grahame W. Pincock Charitable Trust
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:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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proper accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
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.
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Report of the Independent Auditors to the Trustees of
Grahame W. Pincock Charitable Trust
Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the 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.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Auditor's approach to assessing the risks of material misstatement due to irregularities
We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity. Those that have a direct impact include: FRS 102 and Charity and Trustee Investment (Scotland) Act 2005. Those that have in indirect impact include: General Data Protection Regulations (GDPR). We then considered the extent to which non-compliance might have a material effect on the financial statements.
We assessed the risk of material misstatement in respect of fraud and made enquiries of management as to the existence of, or any evidence of, actual or suspected instances of fraud. Based on the auditing standards we addressed one fraud risk that was relevant to our audit, in relation to management override of controls.
Audit procedures designed to respond to the risk of non-compliance with laws and regulations Based on the resulis of our risk assessment we designed audit procedures to identify non-compliance with such laws and regulations identified above. We made enquiries of management and those charged with governance as to any non-compliance and corroborated responses given by reviewing the legal costs incurred by the client for evidence of any undisclosed matters.
Compliance with the requirements of the accounting standards and charity law in terms of the form and content of the accounts was ensured using disclosure checklists and through vouching of disclosures to supporting documentation.
Audit procedures designed to respond to the risk of fraud
In response to the risk of fraud through management override, we incorporated testing of manual journal entries into our audit approach.
Considerations around likelihood of detection
There are inherent difficulties in the audit process described above to detect the existence of irregularities, We have mitigated these limitations by assessing the adequacy of the Trust's internal controls including the existence of appropriate segregation of duties and by the nature, timing and extent of the audit procedures involved, by introducing an element of unpredictability in our sampling and testing.
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.
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Report of the Independent Auditors to the Trustees of Grahame W. Pincock Charitable Trust
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 2006. 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.
Stevenson & Kyles Chartered Accountants Statutory Auditor 25 Sandyford Place Glasgow G3 7NG
11 December 2025
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Grahame W. Pincock Charitable Trust
Statement of Financial Activities for the Year Ended 5 April 2025
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|---|---|---|---|---|---|---|---|---|
|5.4.25|5.4.24|
|Unrestricted|Restricted|Endowment|Total|Total|
|fund|fund|fund|funds|funds|
|Notes|£|£|£|£|£|
|INCOME AND|
|ENDOWMENTS FROM|
|Investment income|2|332,956|-|224|333,180|319,257|
|EXPENDITURE|ON|
|Raising|funds|3|-|-|32,785|32,785|30,870|
|Charitable|activities|4|
|Donations|to|charities|
|delivering|cancer|care|and|
|research|314,545|-|7,287|321,832|283,760|
|Total|314,545|-|40,072|354,617|314,630|
|Net|gains/(losses)|on|
|investments|~|-|(272,572)|(272,572)|635,763|
|NET|
|INCOME/EXPENDITURE|18,411|-|(312,420)|(294,009)|640,390|
|)|
|Transfers|between|funds|12|(29,849)|-|29,849|-|-|
|Net movement in funds|(11,438)|-|(282,571)|(294,009)|640,390|
|RECONCILIATION|OF|
|FUNDS|
|Total funds brought forward|192,420|-|10,689,836|10,882,256|10,241,866|
|TOTAL FUNDS|
|CARRIED FORWARD|180,982|-| 10,407,265| 10,588,247|10,882,256|
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The notes form part of these financial statements
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Grahame W. Pincock Charitable Trust
Balance Sheet 5 April 2025
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|---|---|---|---|---|---|---|---|
|5.4.25|5.4.24|
|Unrestricted|Restricted|Endowment|Total|Total|
|fund|fund|fund|funds|funds|
|Notes|£|£|£|£|£|
|FIXED ASSETS|
|Investments|10|-|-|10,400,074|10,400,074|10,706,835|
|CURRENT|ASSETS|
|Cash|at bank|195,469|-|22,695|218,164|207,060|
|CREDITORS|
|Amounts|falling|due|within|
|one|year|11|(14,487)|-|(15,504)|(29,991)|(31,639)|
|NET|CURRENT ASSETS|180,982|-|7,191|188,173|175,421|
|TOTAL|ASSETS|LESS|
|CURRENT LIABILITIES|180,982|-|10,407,265|10,588,247|10,882,256|
|NET ASSETS|180,982|-|10,407,265| 10,588,247||10,882,256|
|FUNDS|12|
|Unrestricted|funds|180,982|192,420|
|Endowment|funds|10,407,265|10,689,836|
|TOTAL FUNDS|10,588,247||10,882,256|
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by the Board of Trustees and authorised for issue on half by:
The notes form part of these financial statements
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Grahame W. Pincock Charitable Trust
Notes to the Financial Statements for the Year Ended 5 April 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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 1 January 2019), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK. and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires the Trustees to exercise judgement in applying the accounting policies. The Trustees have reviewed these and concluded there are no areas requiring a higher degree of judgement, or complexity, and no areas where assumptions or estimates are most significant to the financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Interest on funds held on deposit is included when receivable and the amount can be measured reliably; this is normally upon notification of the interest paid or payable by the bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
The charity is not VAT registered and accordingly expenditure is shown gross of irrecoverable VAT. Raising funds expenditure includes costs attributable to the management of the Trust's investment portfolio. Direct expenditure on charitable activities includes the cost of donations awarded within the terms of the objects of the charity and the support costs incurred in undertaking the day to day operation of the trust. Support costs include costs incurred in the support of the direct expenditure. Governance costs, a category within support costs, includes the statutory costs incurred by the charity regarding constitutional requirements.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
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Grahame W. Pincock Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
- ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted general funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Expendable endowment funds are funds made over to the charity subject to the restriction that they be held as capital for the purpose of generating income for distribution. Investment income, gains and losses are allocated to the appropriate fund.
Fixed asset investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
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.
- INVESTMENT INCOME
| INVESTMENT INCOMEINCOME | ||
|---|---|---|
| 5.4.25 | 5.4.24 | |
| £ | £ | |
| Investmentincome | 331,703 | 317,745 |
| Deposit account interest | 1,477 | 1,512 |
| 333,180 | 319,257 |
\ N
P age 12
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Grahame W. Pincock Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
| 3. | RAISING FUNDS | ||||
|---|---|---|---|---|---|
| Investmentmanagement costs | |||||
| 5.4.25 | 5.4.24 | ||||
| £ | £ | ||||
| Stockbrokersmanagement fee -Barclays | 32,785 | 30,870 | |||
| 4. | CHARITABLE ACTIVITIES COSTS | ||||
| Grant | |||||
| fundingof | |||||
| Direct | activities | Support | |||
| Costs (see | (seenote | costs (see | |||
| note 5) | 6) | note 7) | Totals | ||
| £ | £ | £ | £ | ||
| Donations to charities delivering | |||||
| cancer care andresearch | 9,687 | 300,000 | 12,145 | 321,832 | |
| 5. | DIRECT COSTSOFCHARITABLE ACTIVITIES | ||||
| 5.4.25 | 5.4.24 | ||||
| £ | £ | ||||
| Agent's fees | 9,687 | 9,840 | |||
| 6. | GRANTSPAYABLE | ||||
| 5.4.25 | 5.4.24 | ||||
| £ | £ | ||||
| Donationsto charities delivering cancer care and research | 300,000 | 260,000 | |||
| The totalgrants paid to institutions during theyearwas as | follows: | ||||
| 5.4.25 | 5.4.24 | ||||
| £ | £ | ||||
| CancerResearchUK | 225,000 | 195,000 | |||
| Marie Curie Cancer Care | 75,000 | 65,000 | |||
| 300,000 | 260,000 |
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Grahame W. Pincock Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
7. SUPPORT COSTS
.
| SUPPORT COSTS | ||
|---|---|---|
| Governance | ||
| costs | ||
| £ | ||
| Donations to charities delivering cancer | ||
| careand research | 12,145 | |
| Support costs, included inthe above, are as follows: | ||
| 5.4.25 | 5.4.24 | |
| Donations | ||
| to | ||
| charities | ||
| delivering | ||
| cancer | ||
| care and | Total | |
| research | activities | |
| £ | £ | |
| Auditors’remuneration | 4,800 | 4,800 |
| Agent's fees | 7,287 | 9,120 |
| Otherlegal expenses | 58 | - |
| 12,145 | 13,920 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
9. STAFF COSTS
There were no staff in either the current or previous year.
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- FIXED ASSET INVESTMENTS
Grahame W. Pincock Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
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|||||||
|---|---|---|---|---|---|
|Listed|
|investments|
|£|
|MARKET VALUE|
|At 6|April 2024|10,706,835|
|Disposals|(31,045)|
|Revaluations|(275,716)|
|At|$5|April|2025|.|[10,400,074]|
|NET|BOOK VALUE|
|At|5|April|2025|10,400,074|
|At|5|April 2024|10,706,835|
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The cost of investments held is £9,953,608 (2024: £9,984,650).
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|||||||
|---|---|---|---|---|---|
|11.|CREDITORS:|AMOUNTS FALLING DUE WITHIN|ONE YEAR|
|5.4.25|5.4.24|
|£|£|
|Other|creditors|29,991|31,639|
|12,|MOVEMENT|IN FUNDS|
|Net|Transfers|
|movement|between|At|
|At 6.4.24|in|funds|funds|5.4.25|
|£|£|£|£|
|Unrestricted|funds|
|Unrestricted|funds|192,420|18,411|(29,849)|180,982|
|Endowment|funds|
|Expendable endowment|fund|10,689,836|(312,420)|29,849|10,407,265|
|TOTAL FUNDS|10,882,256|(294,009)|-|_10,588,247|
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Grahame W. Pincock Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
12. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Gains and|Movement|
|resources|expended|losses|in funds|
|£|£|£|£|
|Unrestricted|funds|
|Unrestricted|funds|332,956|(314,545)|-|18,411|
|Endowment|funds|
|Expendable endowment fund|224|(40,072)|(272,572)|(312,420)|
|TOTAL FUNDS|333,180|(354,617)|(272,572)|(294,009)|
|Comparatives|for movement|in|funds|
|Net|Transfers|
|movement|between|At|
|At|6.4.23|in funds|funds|5.4.24|
|£|£|£|£|
|Unrestricted|funds|
|Unrestricted|funds|310,453|44,617|(162,650)|192,420|
|Endowment|funds|
|Expendable|endowment|fund|9,93 1,413|$95,773|162,650|10,689,836|
|TOTAL FUNDS|10,241,866|640,390|-|10,882,256|
|Comparative|net movement|in|funds,|included|in the above|are|as|follows:|
|Incoming|Resources|Gainsand|Movement|-|
|resources|expended|losses|in funds|
|£|£|£|£|
|Unrestricted|funds|
|Unrestricted|funds|319,257|(274,640)|-|44,617|
|Endowment|funds|
|Expendable|endowment fund|-|(39,990)|635,763|595,773|
|TOTAL FUNDS|319,257|(314,630)|635,763|640,390|
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Grahame W. Pincock Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
12, MOVEMENT IN FUNDS- continued
Transfers between funds _
The transfer between funds represents a reclassification to reflect funds held for endowment purposes only.
- RELATED PARTY DISCLOSURES
:
All trustees in the year under review were partners in the professional practice of Miller, Beckett & Jackson, Solicitors which provides the day to day financial and administrative services to the Trust. During the year the charity accrued fees of £16,320 for 2025 (2024: £18,240).
14. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES
In common with many other organisations of our size and nature we use our auditors to assist with the preparation of the financial statements.
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APPENDIX 1
APPENDIX 1 ee - ee | Trustees’ Annual Report forthe period’ |__ Periodstartdate | | Periodenddate __ OSCfL | Day | Month Year {| Day Month Year |= 6 ee4 | 2 [" |° a4 25 : Office of the Scottish Charity Regulator
Charity name The Grahame Winnington Pincock Charitable Trust
Other names charity is mae Registered charity number $C024691 Charity’s principal address Miller Beckett & Jackson, 190 St Vincent Street, Glasgow
| |Postcode G2 SSP
Names of the charity trustees on date of approval of Trustees’ Annual Report
Trustee - Dates acted if Neme.9t neon name Office (if any) not for whole year (or body) entitled to appoint trustee (if any) 1
2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
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APPENDIX 1
Reference and administration details
| Names ofall other charitytrustees during the period, ifany, (forexample, thosewho resigned partway | Names ofall other charitytrustees during the period, ifany, (forexample, thosewho resigned partway | |
|---|---|---|
| through the financial period) | ||
| Name | Datesacted ifnotforwholeyear | |
| }. | ||
| Structure, governance and management | ||
| Type ofgoverningdocument | TrustDeed = | |
| Trusteerecruitmentandappointment | ServingTrusteesmayappoint additional Trustees as required,takinginto ' accounttheir skillsand knowledge ofthe charity. |
|
| Objectives and activities | ||
| Charitable purposes | interms oftheTrustDeed,theTrusteesaredirected to holdthewhole | |
| assets ofthe Trust Property and to apply the income thereofforthe benefit | ||
| ofMarie Curie Cancer Careand the Cancer Research Campaign, to the | ||
| extentthat25% ofthe income passes to Marie Curie Cancer Care and | ||
| 75% passes to Cancer Research Campaign. | ! | |
| On the cessation of either afore mentioned charities, the Trustees have | ||
| full and absolute power to distribute to such other similar charitable | ||
| institutions devoted to the care or research ofcancer as theymay decide. | ||
| Summary ofthemain activities | During theyearthe Income from Investments totalled £332,956foruse in | |
| in relation to these objects | our Charitable activities. Barclays InvestmentManagement act as |
|
| Investment Managers in respect ofthe share portfolio and the return of | ||
| Investments is in accordance with the benchmarks agreed with the | ||
| Trusteesandthem. |
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APPENDIX 1
Achievements and performance
|Summary ofthemainachievements of
thecharity duringthefinancial period||__|The Trust fulfilled its charitable activities through the granting of donations|
tocharitable bodiesas specified inthe Trust Deed. During the financial
period the Trustees awarded donations totalling £300,000. (£225,000to|||
|---|---|---|---|---|
|||,
||Cancer Research Campaign and £75,000 to Marie Curie Cancer Care).||
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|Financial review|||||
|Briefstatementof thecharity’s policy
on reserves|||The
|
||Theunrestricted
fund £180,982 as at 5April2025represents|
accumulated surpluses on monies and is available for use ofthe Trustees
|
in furtherance of the charitable objects. The trustees consider this to be
-||
|||||anacceptable level.||
|||||In future years expenditure will be committed to having regard tothefund||
|||||balance and income streams. The endowment fund balance as at 5 April
2025was£10,407,265.|:
!|
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|Donated facilitiesand services (ifany)||||None||
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APPENDIX 1
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Other optional information
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The trustees declare t port above.
Signed on behalf of th
Signature(s)
Full name(s)
Position (e.g. Chair) Trustee
Date \ \ 2\2S:
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