```
REGISTERED COMPANY NUMBER: SC202832 (Scotland)
REGISTERED CHARITY NUMBER: SC029785
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
```
## **`FOR`**
```
THE CATHERINE M. MACLEOD (HARRIS) TRUST
```
```
CIB Services
Chartered Accountants
```
```
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
```
```
THE CATHERINE M. MACLEOD (HARRIS) TRUST
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**||`6`||
|**`Notes to the Financial Statements`**|`7`|`to`|`13`|
```
THE CATHERINE M. MACLEOD (HARRIS) TRUST (REGISTERED NUMBER: SC202832)
```
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 30 JUNE 2025`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwiththe financial
statementsofthecharityfortheyearended30June2025.ThetrusteeshaveadoptedtheprovisionsofAccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The objects of the charity are:-
```
```
(1)TorelievetheneedsofelderlypersonsresidentintheIsleofHarrisbytheprovisionoffundstoenableotherstocarry out
household duties or other work to enable the said elderly persons to continue to reside in their own homes;
```
```
(2) To provide through a funeral association financial assistance towards the cost of funerals in case of need.
```
```
(3) To provide financial assistance for the purchase of medical equipment and
```
```
(4) To provide bursaries to students going on to further education from Sir E Scott School, Tarbert, Harris.
```
```
In2008,thecharityacquiredthecapitalofMrsMaureenMogg'sLiferentTrust('MoggFund'),whichwastreatedasa separate
restrictedfund.ThepurposeofthisfundwasforthebenefitofchildrenintheIsleofHarriswhoaredisadvantagedorgiftedto assist
with the cost of furthering their potential in their chosen field of arts or profession through further education.
```
```
Asboththefundshavecommonaims,thetrusteestookthedecision,afterreceivingappropriateadvice,tomergetheMogg Fund
with the Catherine M Macleod Fund to reduce administrative costs. The funds were merged on 31 March 2019.
```
## **`Significant activities`**
```
Duringtheyear,awardsofassistancehavebeenmadeinaccordancewiththeobjectsofthecharity,withgrantstoindividuals of
£10,800 (2024 - £7,800) and grants to institutions of £11,500 (2024 - £6,000).
```
## **`Grantmaking`**
```
Details of the grants awarded during the year are included in the notes to the financial statements.
```
## **`ACHIEVEMENTS AND PERFORMANCE`**
## **`Charitable activities`**
```
The Trust continues to offer grants and bursaries for the benefit of residents in the Isle of Harris area.
```
## **`Investment performance`**
```
Thecharity'sinvestmentportfolioismanagedbyRathbones.Thevalueofthecharity'sportfolio,whichincludesbonds, equities,
alternative assets and cash balances, has increased by 1.9% over the year to 30 June 2025 (2024 - 5.3% increase).
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Duringtheyearthecharity'sexpenditureexceededincomeresultinginanetoperatingdeficitof£11,597fortheperiod(2024- net
operatingdeficitof£2,866).Realisedandunrealisednetgainsonthecharity'sinvestmentportfolioat30June2025amounted to
£12,677(2024-netgainsof£26,849).Thishasresultedinanoverallsurplusfortheyearof£1,080(2024-surplusof £23,983).
Thisrepresentsanincreaseof£1,080inunrestrictedfundswhichhaveasaresultincreasedto£479,650(2024-£478,570). Total
funds of £479,650 were held at year-end (2024 - £478,570).
```
## **`Reserves policy`**
```
ThereservesoftheTrustrepresenttheCatherineMMacleodFundandtheMoggMemorialFundwhichweremergedon31 March
2019.TheFundshavebeeninvestedinthecharity'sinvestmentportfolio.Thecharitycontinuestomanageitsinvestments and
reserves in order to have adequate investment income available to make meaningful payments to eligible beneficiaries.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Theorganisationisacharitablecompanylimitedbyguarantee,incorporatedon6January2000andwasregisteredasa Scottish
charityon7February2002.ThecompanywasestablishedunderaMemorandumofAssociationwhichestablishedtheobjects and
powersofthecharitablecompanyandisgovernedunderitsArticlesofAssociation.Intheeventofthecompanybeingwound up
members are required to contribute an amount not exceeding £1.
```
```
Page 1
```
## **`THE CATHERINE M. MACLEOD (HARRIS) TRUST (REGISTERED NUMBER: SC202832)`**
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 30 JUNE 2025`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Recruitment and appointment of new trustees`**
```
Thedirectorsareappointedbythenominatedmembers,eachnominatedmemberbeingentitledtoappointonedirectoror,if an
individual,toserveasadirectorhimself.Membershipofthecompanyconsistsonlyofnominatedmembers,being individuals,
institutionsandorganisationswhosupporttheobjectsofthecompanyandwhomtheBoardshalldeemappropriateto be
represented amongst the membership of the company and shall so nominate for representation.
```
## **`Organisational structure`**
```
The board consists of voluntary directors who manage the affairs of the charity through regular board meetings. The
board members are heavily involved in the day to day operations of the charity.
```
## **`Induction and training of new trustees`**
```
The charity undertakes training for trustees to ensure awareness and understanding of:-
```
- `the responsibilities of directors;`
- `the organisational structure of the charity;`
- `the financial position of the charity; and`
- `the future plans and objectives of the charity.`
## **`Risk management`**
```
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensureappropriatecontrolsare in
place to provide reasonable assurance against fraud and error.
```
```
Thetrusteeshaveconsideredthemajorriskstowhichthecharityisexposed,inparticularthoserelatingtotheoperations and
finances of the charity, and are satisfied that measures are in place to mitigate exposure to those risks.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`**
```
SC202832 (Scotland)
```
## **`Registered Charity number`**
```
SC029785
```
## **`Registered office`**
```
Hill Cottage
Scott Road
Tarbert
Isle of Harris
HS3 3DL
```
## **`Trustees`**
```
D E Cameron
R C Morrison
A M Macsween
K M Macleod
A J Johnson
```
## **`Company Secretary`**
```
K M Macleod
```
```
Page 2
```
## **`THE CATHERINE M. MACLEOD (HARRIS) TRUST (REGISTERED NUMBER: SC202832)`**
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Independent Examiner`**
```
John E Moffat BA FCA
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
```
```
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relatingto small
companies.
```
```
Approved by order of the board of trustees on 24 March 2026 and signed on its behalf by:
```
```
D E Cameron - Trustee
```
```
Page 3
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CATHERINE M. MACLEOD (HARRIS) TRUST`**
```
I report on the accounts for the year ended 30 June 2025 set out on pages five to thirteen.
```
## **`Respective responsibilities of trustees and examiner`**
```
Thecharity'strusteesareresponsibleforthepreparationoftheaccountsinaccordancewiththetermsoftheCharitiesand Trustee
Investment(Scotland)Act2005andtheCharitiesAccounts(Scotland)Regulations2006(asamended).Thecharity's trustees
considerthattheauditrequirementofRegulation10(1)(a)to(c)oftheAccountsRegulationsdoesnotapply.Itismy responsibility
toexaminetheaccountsasrequiredunderSection44(1)(c)oftheActandtostatewhetherparticularmattershavecometo my
attention.
```
## **`Basis of the independent examiner's report`**
```
MyexaminationwascarriedoutinaccordancewithRegulation11oftheCharitiesAccounts(Scotland)Regulations2006. An
examinationincludesareviewoftheaccountingrecordskeptbythecharityandacomparisonoftheaccountspresentedwith those
records.Italsoincludesconsiderationofanyunusualitemsordisclosuresintheaccounts,andseekingexplanationsfromyou as
trusteesconcerninganysuchmatters.Theproceduresundertakendonotprovidealltheevidencethatwouldberequiredinan audit,
and consequently I do not express an audit opinion on the view given by the accounts.
```
## **`Independent examiner's statement`**
```
In connection with 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 Accounts Regulations; and`
- `to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts 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.`
```
John E Moffat BA FCA
The Institute of Chartered Accountants in England and Wales
```
```
CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS
```
```
26 March 2026
```
```
Page 4
```
## **`THE CATHERINE M. MACLEOD (HARRIS) TRUST`**
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Investment income`
`3`
**`15,507`**
**`EXPENDITURE ON`**
`Raising funds`
`4`
**`4,014`**
**`Charitable activities`**
`5`
`Charitable activities`
**`23,090`**
**`Total`**
**`27,104`**
`Net gains on investments`
**`12,677`**
**`NET INCOME`**
**`1,080`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`478,570`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`479,650`**|`Restricted`
`fund`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**|**`30.6.25`**
`30.6.24`
**`Total`**
`Total`
**`funds`**
`funds`
**`£`**
`£`
**`15,507`**
`15,527`
**`4,014`**
`3,932`
**`23,090`**
`14,461`
**`27,104`**
`18,393`
**`12,677`**
`26,849`
**`1,080`**
`23,983`
**`478,570`**
`454,587`
**`479,650`**
`478,570`|**`30.6.25`**
`30.6.24`
**`Total`**
`Total`
**`funds`**
`funds`
**`£`**
`£`
**`15,507`**
`15,527`
**`4,014`**
`3,932`
**`23,090`**
`14,461`
**`27,104`**
`18,393`
**`12,677`**
`26,849`
**`1,080`**
`23,983`
**`478,570`**
`454,587`
**`479,650`**
`478,570`|
|---|---|---|---|
||||`3,932`
`14,461`|
||||`18,393`|
||||`26,849`|
||||`23,983`
`454,587`|
||||`478,570`|
```
The notes form part of these financial statements
```
```
Page 5
```
## **`THE CATHERINE M. MACLEOD (HARRIS) TRUST (REGISTERED NUMBER: SC202832)`**
## **`BALANCE SHEET 30 JUNE 2025`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Investments`
`11`
**`460,421`**
**`CURRENT ASSETS`**
`Debtors`
`12`
**`5,465`**
`Cash at bank`
**`14,423`**
**`19,888`**
**`CREDITORS`**
`Amounts falling due within one year`
`13`
**`(659)`**
**`NET CURRENT ASSETS`**
**`19,229`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`479,650`**
**`NET ASSETS`**
**`479,650`**
**`FUNDS`**
`14`
`Unrestricted funds`
**`TOTAL FUNDS`**|`Restricted`
`fund`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**|**`30.6.25`**
**`Total`**
**`funds`**
**`£`**
**`460,421`**
**`5,465`**
**`14,423`**
**`19,888`**
**`(659)`**
**`19,229`**
**`479,650`**
**`479,650`**
**`479,650`**
**`479,650`**|`30.6.24`
`Total`
`funds`
`£`
`451,948`
`5,325`
`21,897`
`27,222`
`(600)`
`26,622`
`478,570`
`478,570`
`478,570`
`478,570`|
|---|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 June 2025.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended30June2025 in
accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubjectto the
small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon24March2026andweresignedon its
behalf by:
```
```
D E Cameron - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
THE CATHERINE M. MACLEOD (HARRIS) TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025`**
## **`1. STATUTORY INFORMATION`**
```
TheCatherineMMacleod(Harris)Trustisaprivatecharitablecompany,limitedbyguarantee,registeredinScotland. The
charitable company's registered number and registered office address can be found in the Report of the Trustees.
```
## **`2. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshave been
preparedunderthehistoricalcostconvention,withtheexceptionofinvestmentswhichareincludedatmarketvalue, as
modified by the revaluation of certain assets.
```
```
Thefinancialstatementsarepreparedinsterlingwhichisthefunctionalcurrencyofthecharity,andamountsarerounded to
the nearest £.
```
## **`Going concern`**
```
Thetrusteeshaveassessedthecharity'sabilitytocontinueasagoingconcernanddonotconsidertheretobeany material
uncertainties about the charity's ability to continue as a going concern.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancial statements,
as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Critical accounting judgements and key sources of estimation uncertainty`**
```
Intheapplicationofthecharity'saccountingpolicies,thetrusteesarerequiredtomakejudgements,estimates and
assumptions that affect the amounts reported for assets, liabilities, income and expenditure.
```
```
Theestimatesandassociatedassumptionsarebasedonhistoricalexperienceandotherfactorsthatareconsideredto be
relevant. Actual results may differ from these estimates.
```
```
Theestimatesandassumptionsarereviewedonanongoingbasis.Revisionstoaccountingestimatesarerecognisedin the
period in which the estimate is revised and in future periods should it affect future periods.
```
```
Thetrusteesconsiderthattherearenosignificantareasofjudgements,estimatesorkeyassumptionsthataffectitems in
the accounts.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtotheincome,there is
sufficientcertaintyofreceiptandsoitisprobablethattheincomewillbereceived,andtheamountofincomereceivable can
be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasacommitmentbut not
accrued as expenditure.
```
```
continued...
```
```
Page 7
```
```
THE CATHERINE M. MACLEOD (HARRIS) TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`FOR THE YEAR ENDED 30 JUNE 2025`**
## **`2. ACCOUNTING POLICIES - continued`**
## **`Raising funds`**
```
Costs of raising funds consists of investment management costs.
```
## **`Charitable activities`**
```
Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsobjectsandactivities.It includes
both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
```
## **`Governance costs`**
```
Governancecostsincludethosecostsassociatedwithmeetingtheconstitutionalandstatutoryrequirementsofthe charity
and include accountancy fees and costs linked to the strategic management of the charity.
```
## **`Allocation and apportionment of costs`**
```
AllcostsareallocatedbetweentheexpenditurecategoriesoftheStatementofFinancialActivitiesonabasisdesigned to
reflecttheuseoftheresource.Costsrelatingtoaparticularactivityareallocateddirectly,othersareapportionedon an
appropriate basis e.g. estimated usage.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
## **`Fixed asset investments`**
```
Investmentsareinitiallyrecognisedattheirtransactionvalueandsubsequentlymeasuredattheirmarketvalueasat the
balancesheetdateusingtheclosingquotedmarketprice.Thestatementoffinancialactivitiesincludesthenetgains and
losses arising on revaluation and disposals throughout the year.
```
```
The Trust does not acquire or use put options, derivatives or other complex financial instruments.
```
## **`Realised gains and losses`**
```
Allgainsandlossesaretakentothestatementoffinancialactivitiesastheyarise.Realisedgainsandlosseson investments
arecalculatedasthedifferencebetweensalesproceedsandtheiropeningcarryingvalueortheirpurchasevalueif acquired
subsequenttothefirstdayofthefinancialyear.Unrealisedgainsandlossesarecalculatedasthedifferencebetweenthe fair
valueattheyearendandtheircarryingvalue.Realisedandunrealisedinvestmentgainsandlossesarecombinedin the
Statement of Financial Activities.
```
## **`Debtors and creditors receivable / payable within one year`**
```
Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyeararerecordedat transaction
price. Any losses arising from impairment are recognised in expenditure.
```
```
continued...
```
```
Page 8
```
```
THE CATHERINE M. MACLEOD (HARRIS) TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025`**
|**`3.`**
**`INVESTMENT INCOME`**
**`30.6.25`**
**`£`**
`Investment income`
**`15,507`**
**`4.`**
**`RAISING FUNDS`**
**`Investment management costs`**
**`30.6.25`**
**`£`**
`Portfolio management fees`
**`4,014`**
**`5.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Grant`
`funding of`
`activities`
`Support`
`(see note`
`costs (see`
`7)`
`note 8)`
`£`
`£`
`Charitable activities`
**`22,300`**
**`790`**
**`6.`**
**`DIRECT COSTS OF CHARITABLE ACTIVITIES`**
**`30.6.25`**
**`£`**
**`7.`**
**`GRANTS PAYABLE`**
**`30.6.25`**
**`£`**
`Charitable activities`
**`22,300`**
`The total grants paid to institutions during the year was as follows:`
**`30.6.25`**
**`£`**
`Crossroads Care Harris`
**`5,000`**
`Harris Food Share Scheme`
**`1,500`**
`Harris Charity Shop`
**`5,000`**
**`11,500`**|`30.6.24`
`£`
`15,527`
`30.6.24`
`£`
`3,932`
`Totals`
`£`
**`23,090`**|`30.6.24`
`£`
`15,527`
`30.6.24`
`£`
`3,932`
`Totals`
`£`
**`23,090`**|
|---|---|---|
||`30.6.24`
`£`
`30.6.24`
`£`
`13,800`
`30.6.24`
`£`
`6,000`
`-`
`-`
`6,000`||
|||`6,000`|
```
continued...
```
```
Page 9
```
```
THE CATHERINE M. MACLEOD (HARRIS) TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025`**
## **`8. SUPPORT COSTS`**
|**`SUPPORT COSTS`**|||
|---|---|---|
|||`Governance`|
|||`costs`|
|||`£`|
|`Charitable activities`||**`790`**|
|`Support costs, included in the above, are as follows:`|||
||**`30.6.25`**|`30.6.24`|
||`Charitable`|`Total`|
||`activities`|`activities`|
||**`£`**|`£`|
|`Accountancy fees`|**`660`**|**`600`**|
|`Annual return fee`|**`130`**|**`61`**|
||**`790`**|**`661`**|
## **`9. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2025norfortheyear ended
30 June 2024.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
```
## **`10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**|||
|---|---|---|
|`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Investment income`
`15,527`
**`EXPENDITURE ON`**
`Raising funds`
`3,932`
**`Charitable activities`**
`Charitable activities`
`14,461`
**`Total`**
`18,393`
`Net gains on investments`
`26,849`
**`NET INCOME`**
`23,983`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`454,587`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`|`Total`
`funds`
`£`
`15,527`|
|||`3,932`
`14,461`|
|||`18,393`|
|||`26,849`|
|||`23,983`
`454,587`|
```
continued...
```
```
Page 10
```
```
THE CATHERINE M. MACLEOD (HARRIS) TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025`**
|**`10.`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**|||
|---|---|---|---|---|
|||`Unrestricted`|`Restricted`|`Total`|
|||`fund`|`fund`|`funds`|
|||`£`|`£`|`£`|
||**`TOTAL FUNDS CARRIED FORWARD`**|`478,570`|`-`|`478,570`|
|**`11.`**|**`FIXED ASSET INVESTMENTS`**||||
|||||`Listed`|
|||||`investments`|
|||||`£`|
||**`MARKET VALUE`**||||
||`At 1 July 2024`|||**`451,948`**|
||`Additions`|||**`39,235`**|
||`Disposals`|||**`(44,935)`**|
||`Revaluations`|||**`14,173`**|
||`At 30 June 2025`|||**`460,421`**|
||**`NET BOOK VALUE`**||||
||`At 30 June 2025`|||**`460,421`**|
||`At 30 June 2024`|||`451,948`|
||`There were no investment assets outside the UK.`||||
||`Cost or valuation at 30 June 2025 is represented by:`||||
|||||**`Listed`**|
|||||**`investments`**|
|||||**`£`**|
||`Valuation in 2025`|||**`140,561`**|
||`Cost`|||**`319,860`**|
|||||**`460,421`**|
|**`12.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||
||||**`30.6.25`**|`30.6.24`|
||||**`£`**|`£`|
||`Other debtors`||**`5,465`**|`5,325`|
```
continued...
```
```
Page 11
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```
THE CATHERINE M. MACLEOD (HARRIS) TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025`**
## **`13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Accrued expenses`
**`14.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`Catherine M Macleod Fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`Catherine M Macleod Fund`
**`15,507`**
**`TOTAL FUNDS`**
**`15,507`**|`At 1.7.24`
`£`
**`478,570`**
**`478,570`**
`Resources`
`expended`
`£`
**`(27,104)`**
**`(27,104)`**|**`30.6.25`**
**`£`**
**`659`**
`Net`
`movement`
`in funds`
`£`
**`1,080`**
**`1,080`**
`Gains and`
`losses`
`£`
**`12,677`**
**`12,677`**|`30.6.24`
`£`
`600`
`At`
`30.6.25`
`£`
**`479,650`**|`30.6.24`
`£`
`600`
`At`
`30.6.25`
`£`
**`479,650`**|
|---|---|---|---|---|
||||**`479,650`**||
||||`Movement`
`in funds`
`£`
**`1,080`**
**`1,080`**||
|||||**`1,080`**|
## **`Comparatives for movement in funds`**
||||`Net`||
|---|---|---|---|---|
||||`movement`|`At`|
|||`At 1.7.23`|`in funds`|`30.6.24`|
|||`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`Catherine M Macleod Fund`||`454,587`|`23,983`|`478,570`|
|**`TOTAL FUNDS`**||`454,587`|`23,983`|`478,570`|
|`Comparative net movement in funds, included in the above are as follows:`|||||
||`Incoming`|`Resources`|`Gains and`|`Movement`|
||`resources`|`expended`|`losses`|`in funds`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`Catherine M Macleod Fund`|`15,527`|`(18,393)`|`26,849`|`23,983`|
|**`TOTAL FUNDS`**|`15,527`|`(18,393)`|`26,849`|`23,983`|
```
continued...
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Page 12
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## **`THE CATHERINE M. MACLEOD (HARRIS) TRUST`**
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025`**
## **`14. MOVEMENT IN FUNDS - continued`**
## **`FUNDS`**
## **`Catherine M Macleod Fund`**
```
TheCatherineMMacleodFundrepresentsunrestrictedfundswhichthetrusteesarefreetouseinaccordancewith the
charitable objects.
```
## **`15. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 30 June 2025.
```
```
Page 13
```