ALIX STEVENSON TRUST SCOTTISH CHARITY NO SC026830 REPORT AND ACCOUNTS YEAR ENDED 5TH APRIL 2026
Page 1 ALIX STEVENSON TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES FOR YEAR ENDED 5TH APRIL 2026 Objectlves and Activitles Objedives of Trust The Deed of Trust setting up the Fund declares that the Trustees shall hold the Trust Funds for such charitable purposes only, within the meaning assigned to the te °Charitable Purposes. by law for the time b&ing in for., DECLARING without prejudice to the forgoing generality or the Trustees, discretionary powers that the said Charitable Purposes may indude all or any of the following purposes, viz... The encouragement of educational projects, outstanding beauty or historic or public interest atso wldlrfe and generally the heritage of Scotland in all its aspects. The foundation, endowment and equipment of schools. colleges and other centres of leaming, libraries, sports and wea centres., The encouragement of the study and practice of any branch of human knoedge (including research and particularly mediGal research) by the provision of buildings, equipment or otherwise. (iv) The establishment of educational scholarships of any kirKI at any University, (v) College or plac8 of higher leaming or any school. The relief of poverty- {vi) The prevention of cruelty lo animals. the protection of endangered species and conseriation of the habitat of such species. Aims The purposes of the Trust are broad in their nature and the Trustees have no particular aims as regards the donations made other than to benefit society as a Ythole. Grant Making Policy The Trustees have a policy of making donations to Ihos8 organisations they feel requi most support and whose purposes fall within the spectrum of the Trust Deed. Achievements and Perfomiance During the year £6,250 of donations were made to 17 organisations (2025, £5,250).
Page 2 ALIX STEVENSON TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES FOR YEAR ENDED STH APRIL 2026 Financial Review All results are from Continuing operations and the Trust remains a going concern. Financial Review The Trust holds investments a market value of £250,OCNJ at 5th April 2026 {2025, £250.000). There are cash balances of capital £283,653 (2025. £283,653) and income £31,483 (2025, £17,244) held by the Trustees. The Trust received investment income of £20,662 (2025, £19,427) during the financial year and donations of £6,250 were made {2025, £5,250). Income Tax, vthere recoverable. is applied for charitable purposes. Reserves Policy It is the policy of the Trustees to distribute the income of the Twst in the form of Grants or Donations. It is anticipated that any surplus income at the close of the account would be so distributed in a following year dependent to the Trustees. The capital reserves are held prirnarily for the purpose of generating income. Futur8 Plans To support simllar causes in future. Structure. Governance and Management Founding Document Deed of Trust by Mrs Louie Alexander Stevenson dated 25th June 1997 and registered in the Books of Council and Session on 17th July 1997. Appointment of New Trustees Vested in Mrs Louie Alexander Stevenson during her lifetime so long as she retains full legal capacity, whom failing, the Trustees in office. Decision Making All Trusteès are involved in the decision making process. The number of Trustees shall be not less than three and su¢h additional Trustee or Trustees shall forthwith b8 appointed in the event of the number of Trustees falling below the required number. The majority of Trustees shall fomi a quorum. Related Parties The Trustee TC Trustees Limited is owned by Turcan Connell, Solicitors. Turcan Connell, Solicitors provide Legal and Advisory services to the Trust for which fees are charged. In the year to 5th April 2026 Turcan Connell, Solicitors fee amounted to nil (2025, nil). Risk Management The Trustees have assessed the major risks to which th8 charity is exposed, in particular those related to the operation$ and finances of the Trust and are satisfied that systems a in place to mitigate their exposure to the major risks.
Page 3 ALIX STEVENSON TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES FOR YEAR ENDED STH APRIL 2026 Reference and Admlnistratlve Detalls A Scottish Chartty SC026830 Address Ashley Bank House Langholm Dumfriesshire DG13 OAN Trustees {Appointed by DeedlAssumption) Mrs Louie Alexander Stevenson Mr David Deas Stevenson TC Trustees Limited Advisers Solicitors Inde ndent Examiner Turcan Connell Princes Exchang8 1 Earl Grey Street Edinburgh EH3 9EE John Hilditch CGMA Gunshole Farm Brampton Cumbria CA8 28X Stat8ment of Trustees Responsibilities in Respect of the Accounts The Trustees are responsible for preparing the Report and the Accounts in accordan ¥Mth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Charrties and Trustee Investment (Scotland) Act 2005 and The Charities Accounts IScotland} Regulations 2006 (as amended) require the Trustees to wepare a statement of accounts for each financial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that period. In preparing those accounts, the Trustees are required to follow best practice and: - 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 and statements of recommended practice have been follow8d, subject to any departures disdosed and explained in the accounts. and prepare the accounts on the going concern basis, unless it is inapprtjpriate to 8ssurne that the Trust will continue on that basis.
Page 4 ALIX STEVENSON TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES FOR YEAR ENDED STH APRIL 2026 (Cont.) The above noted legislation also requires the Trustees to be sponSible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the trust to enable them to ensure that the accounts comply with the legislation They a also responsible for safeguarding the assets of the Trust and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Accounts Preparation The Trustees confirm that the a¢¢ounts for the year ended 5th April 2026 have been prepared so as to comply with current statutory requirernents, the Charity SORP and the Trust's own governing document. Approved by the Trustees arKI authorls8d lo be signed on their behalf- Signed: Mr D D Stevenson Trustee Ashley Bank House LANGHOLM Dats:
Page 5 ALIX STEVENSON TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the accounts of the Trust for the year ended 5th April 2026. which are set out on pages 6t011. Respective Responsibllities of Trustees and Examlner The charity's Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities & Trustee Investment (Scotland) Act 2005 and the Charities ACunIS {Scotland) Regulations 20CIS {as amended). The Charity's Trustees consider that the audit requirement of Regulation 1011) {a) to (c) of the Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to slate vthether particular matters have come to my attention. Basis of Independent Examlne¢s Report My examlnation was carried out in accordance with Regulation 11 of the Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the ac¢ounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trusle8S conceming any such matters. The procedures undertaken do not provide all the eviden¢e that would bè required in an audtt and consequently do not express an audit opinion on the view given by the accounts. Independent Examlnerfs Statement In the course of my examination, no matter has come to my attention... 1) which gives me reasonable cause to believe that in any material respect the requirements '. to keep accounting records in accordance with Section 44 (1){a) of the 2005 Act and Regulation 4 of the 2006 Regulations., and to prepare accounts which a¢¢ord with th8 accounting records and comply with Regulation 8 of the 2006 Regulations have not been met, or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed.- Mr John Hilditch CGMA Address.. Gtsnshole Fann Brampton Cumbria, CA8 28X Date: 1617 /zdl6
Page 6 ALIX STEVENSON TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2026 2026 Total 2025 Total Notes Income Capital Income Capital Income and Endowments from: Donations Investment Income Total 20,662 20,662 19,427 19.427 20,662 20,662 19,427 19,427 Expendlture on: Charitable Activities Total (6,423) (6,423> {5,346) (5 346) 6.423 6,423 5,346 5,346 Net Incomel (Expenditure) Reconciliation of funds.. 14,239 14,239 14.081 14,081 Balance as at 5th April 2025 Balance as al 5th April 2026 17,244 533.653 550,897 3,163 533,653 536,816 31,483 533,653 565,136 17,244 533,653 550,897 All funds are unrestricted. All results are from continuing operations.
Page 7 ALIX STEVENSON TRUST BALANCE SHEET AS AT 5fH APRIL 2026 2026 2025 Fixed Assets Listed Investments 250,000 250,000 Current Assets Cash on Deposrt 315,138 300,897 565,136 550,897 Represented by: Unstricted Funds 533,653 533,653 Undistributed Income 31,483 17,244 Total Funds 565,136 550,897 Approved by the Trustees and authorised to be signed on their behaff - Signed: Mr D D Stevenson Trustse Ashley Bank House NGHOLM Dats: ¢7
Page 8 ALIX STEVENSON TRUST NOTES TO THE ACCOUNTS 1. Accounting Polici08 a) Accounts Pre aration The Accounts of the trust which is a public benefrt entty under FRS 102, have been prepared in accordance with the Charities SORP (FRS '102,) 'ArLounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK, and 'Republic of Ireland (FRS 1021 (effedive 1st January 2015), Financial Reporting Standard 102 The 'Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland Trust Law and the Charities and Trustee Investment (Scotland) Act 2005,. The Financial Statements have been prepared under the historical cost convention. b) Funds The FurKls of the Trusts are unrestrided. Unrestricted funds can be used in accordance with the charitable objects at the discr8tion of the Trustees. c) Income All income is recognised in the Statement of Financial Activtties once the Trust has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Interesl reIV8b1e on funds held on deposit is included when receivable and the amount can be measured reliably by the trust.. this is normally upon notification of the interest paid or payable by the bank. nditure Liabilities are recognised as expenditure as soon as the is a legal or constructive obligation committing the Trust 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. e) Governance and Su rt Costs Governance costs are those incurred in connection with the administration of the company and compliance with ¢onstitutional and slatutory requirements. Support costs are those functions that assist the work of the charity bul do not directly undertake charitable activities. The Charity identify the costs which relate to its support functions and then identify those which relate to the govemance function. Having identified rts governance costs, the remaining support costs together with governance are apportioned to the key charitsble adivities undertaken in the year.
Page 9 ALIX STEVENSON TRUST NOTES TO THE ACCOUNTS (ConL) Q Grants Grants authorised to be paid in respect of the accounting year or future years are provided for in the Statement of Financial Activities. The Charrty is not registered for VAT purposes and all VAT incurred is therefore irrecoverable. Where applied, VAT is included as part of the expense. h) Financial Inslrurnents The trust only has financial assets and financial liabilities of a kind that qualrfy as basic finanGial instruments. Basic financial instruments are initially recognised at transaction value amd subsequently valued at th8ir seltlement value.
Page 10 ALIX STEVENSON TRUST NOTES TO THE ACCOUNTS {Cont.) 2. Charitable Donations 2026 2025 Animal Welfare The Brooke Hospital for Animals SSPCA Dogs Trust Eskdale & District Cats Protection Hillside Anirnal Sanctuary Galapagos Conservation Trust Nowzad Wildfowl & Wetlands Trust Ocean Acres Animal Sanctuary 250 500 250 500 250 250 250 250 1,000 250 500 250 500 250 250 250 250 Health Marie Curie Cancer Care Wodd Canr Research Fund UK 500 500 500 500 Savin RNLI of Lives 250 250 Comrnunit Develo The Salvation Amy ment 250 250 Education Hutcheson's Educational Trust 250 250 Environm nt Borders Forest Trusl John Muir Trust Environmental Investigation Agency 500 250 250 500 250 250 6,250 5.250
Page 11 ALIX STEVENSON TRUST NOTES TO THE ACCOUNTS {ConL) 3. Analysls of Staff Costs and Trustees Remuneration No fees or expenses have been paid to the Trustees (2025, NII). All Tmstees act gratuitously. TC Nominees Ltd is owned by Turcan Connell, Solicitors. There were no legal or accounting fees (2025, Nil). The trust has no employees (2025, Nil). 4. Charltable Acthiities Costs Donations Support Costs 2026 2025 Charitable Activities 6,250 173 5.346 5. Support Costs 2026 2025 Bank Charges Other 51 122 61 35 173 6. Fixed Asset Investments Market Value at 6th April 2025 Addition at 5th April 2026 2026 2025 250,000 250,000 250,000 250,000