Graham Stephen Charitable Trust
Scottish Charity No - $C027268
Annual Report and Financial Statements For the Year ended 5 April 2025
Trustees’ Annual Report for the year ended 05 April 2024
Charity Name Graham Stephen Charitable Trust Charity No, $C027268 Address Tayview House Birnam Dunkeld PH8 OBL
Trustees
Structure, Government and Management
The trust was established in terms of a Deed of Trust by Graham Stephen dated and registered on 21 November 1997.
GEE appointed Trustees on creation of the Trust. The number of Trustees shall not be less than two or more than seven but any person who is sole Trustee may act for the purpose of increasing the number of Trustees to not less than two. The power of appointing new or additional Trustees shall be vested in the Trustees. There is no formal procedure for the induction and training of new Trustees.
Under the terms of the Deed, the Trustees have the fullest powers of administration, investment and management of the Trust Fund as if they were absolute owner of the Trust Fund, including all powers available or which may become available to Trustees, gratuitous or otherwise, by the laws of Scotland. The Trustees make all decisions.
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operation and finances of the Trust and are satisfied that the systems are in place to mitigate their exposure to major risks.
Objectives and Activities
The trustees are directed to accumulate any income of the Trust Fund for a period of twenty-one years or in their sole discretion allocate the income and capital for the following purposes:
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the expenses of setting up and administering the Trust;
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for payment of all taxation and duties of every kind which may be chargeable at any time against or in respect of the capital or income of the Trust Fund or any part thereof, and for which the Trustees may become liable;
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for any purposes, as are charitable both in law and within the meaning of Section 505 of the Income and Corporation Taxes Act 1988 or any act amending or replacing the same;
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to pay or transfer the same to any other trusts, organizations, societies, institutions, corporations, associations and any other bodies situated or established in the United
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Kingdom, which have purposes that are wholly charitable both in law and for the purpose of the Income Tax Acts.
Achievements and Performance
During the year under review the income from investments was £21,719. The income was used to fund charitable donations of £ 9,625, which is within the scope available in the bank account. The plan is to distribute a higher amount next year.
Financial Review
Considering Investment income, charitable donations, running costs as well as the buying and selling of investments, there is a surplus of £20,526, whichis-releted-te-the-buying-and-seling-ofinvestments.
The Trustees engaged Brewin Dolphin Ltd as Investment Managers. The policy is to adopt a medium risk investment strategy based on maximizing income.
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The Trustees consider the financial position of the charity to be satisfactory. The Trustees consider that the Trust’s assets are available and adequate to fulfill the obligation of the charity.
Plans for Future Periods
The Trustees plan to keep their donations ona level reflecting the income of the Trust. They plan to continue to consider appeals from registered charities when they are received. an
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Office of the ScottishOSC]Charity Regulatoral Graham Stephen Charitable Trust sc
Recelpts and payments accounts
For the=period aSea _ a Tea7 Cee oe |
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Unrestricted Expendable Permanent Total funds Total funds last
funds Resticted tance —“ag- endowment funds current period period
to nearest & to nearest£ to nearest £ to nearest £ to nearest£ to nearest £
Ai Receipt
Donations | a: |
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Receipts from fundraising activities | Sia |
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and buildings 13,671
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Af Subtotal] 21.719| ae |
A2 Receipts from asset & investment
Proceeds
from sale of investments | 22s | | oz.ass |
A2 Sub total] 92.211| Pett T0081|
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A3 Payments
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APPENDIX 2
Graham Stephen Charitable Trust
Section B Statement of balances
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Graham Stephen Charitable Trust SC
Section B Statement of balances
Unrestricted Expendable Permanentpashan Totatcurrent = Total last period
acaie — funds Restricted funds segowmentfunds period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest [£]
}
ee =
(AgreeCs balancesat ttwith receipts andatpayments =
account(s})
Detaile Fund to which aseet belongs Market valuation Last year
to nearest £ to nearest £
_ —= =
Total | 521,854) | 558,874)
Details Fund towhich asset belongs Cost (if available) Current valveavailable) (if Last year
to nearest £ to nearest £ to nearest£
- == =>
Total
Details Fundto which Hlability relates Amount due Last year
to nearest £ tonearest £
i” ——— =
Total
Details Fundto which liability relstes Amount(estinate) due Last year
to nearest & tonsarest €
— — —
Total
behalfSignedofbyallonetheor trustees two trustees on Date of
approval
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accounts 24-25.xlsx / Statement of balances
y
December 2007 —
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Graham Stephen Charitable Trust Financial Statements for the year ended 5 April 2025
| Notesto FinancialStatements | 2025 | 2024 | |
|---|---|---|---|
| e | E | ||
| InvestmentIncome | |||
| InvestmentIncome | ATWS | 13,968 | |
| Payments | |||
| Charitable Donations | £ | ||
| Cheques D-DayVeteransAppeal TrinityHallCollege FeedbackMadagaskar |
100 1,000 100 |
||
| ChurchofScotland Balfron | 1,000 | ||
| FeedbackMadagascar | 200 | ||
| OnlineGiving | |||
| CancerResearch Dundee HeritageTrust |
50 750 |
||
| HemophiliaTrust | 125 | ||
| ChurchofScotland Dunkeld | 1,000 | ||
| UNHCR | 1,000 | ||
| Headingto Everest | 100 | ||
| Sightsavers | 200 | ||
| SSAFArmed Forces | 500 | ||
| ErskineHospital | 500 | ||
| CrisisUK | 1,000 | ||
| StandingOrders | |||
| PreshalTrust | 1,000 | ||
| RNLI | 1,000 | ||
| 9,625 | 11,440 | ||
| Other Costs | |||
| InvestmentManager’s Fee | 2,074 | 1,442 | |
| Totalpayments | 11,699 | 12,882 |
——ooT™™S—“‘—“aWP_
Graham Stephen Charitable Trust Financial Statements for the year ended 5 April 2025
| CashatBankand inHand | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| BankofScotland | 17,938 | 15,563 |
| BrewinDolphin Incomeaccount | — 794 |
808 |
| Brewin Dolphin Investmentaccount | 25,134 | 6,969 |
| 43,866 | 23,340 |
APPENDIX 3
Office of the Scottish Charity Regulator
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Independent examiner's report on the accounts vz
Report tothe Charity name :
trustees/mRegisteredstcharity SCGraham027268 Stephen Charitable: Trust Z /
number || — — ; er e—__e— |
On the accounts of the | Period start date _| _Periodenddate _ :
charity for the period Day ,Month | Year | |__Day | Month | Year
06 04 2024 iw 05 04 2025
eet 3.45.6 i berto include the pag
ont on pe pumbers of addtional sheets).
er ogee The charity's trustees are responsible for the preparation of the accounts in accordance |
responsibilities Of with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the
trustees and examiner | Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the
| audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It
| is my responsibility to examine the accounts as required under section 44(1) (c) of the |
Act and to state whether particular matters have come to my attention. |
Basis of independent | ty examination is carried out in accordance with Regulation 11 of the Charities |
examiner’s statement Accounts (Scotland) Regulations 2006. An examination includes a review of the |
| accounting records kept by the charity and a comparison of the accounts presented with |
| those records. It also includes consideration of any unusual items or disclosures in the
| accounts and seeks explanations from the trustees concerning any such matters. The
procedures undertaken do not provide all the evidence that would be required in an audit |
and, consequently, | do not express an audit opinion on the accounts. |
Independent examiner’s | In the course of my examination, no matter has come to my attention [other than that
statement disclosed on the attached page]
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 Accounts Regulations, and .
to prepare accounts which accord with the accounting records and comply with
Regulation 9 of the 2006 Accounts Regulations
have not been met, or
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| 2. to which, in my opinion, attention should be drawn in order to enable a proper
Signed: Name: Relevant professional quallfication(s) or body (if any): Address:
“Please delete the words in the brackets if they do not apply. If the words do apply, set out those matters which have come to your attention on the following page.
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APPENDIX 3
Disclosure section
Only complete if the examiner needs to highlight material problems.
Give here brief details of any items that the examiner wishes to disclose
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