Robert and Jeanne Mairs' Charitable Trust Accountants’ Report ## Accountants’ report to the directors of ## Robert and Jeanne Mairs' Charitable Trust You consider that the company is exempt from an audit for the year ended 5 April 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account and the Balance Sheet from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. ## Anderson MacDonald Accountants 29 Hamilton Street Saltcoats North Ayrshire KA21 5DT 16/12/25 1 Robert and Jeanne Mairs' Charitable Trust Trustees Annual Report And Accounts for the year ended 5 April 2025 ## Scottish Charity No. SC033091 ## Governing Document TheIt was trustincorporated was establishedas a Scottish by DeedCharitable of Trust grantedIncorporatedfeOrganisation (SCIU) on|10 AprilFebruary 2002. 2014 and the assets of the unincorporated organisation were transferred to the SCIO on 31st March 2014. ## Trustees The Trustees who held office in the year and at the date of this report were:- Appointed 02/08/24 Appointed 02/08/24 ## Organisational Structure The trust is factored>. arc instructed by the Trustees as a body. ## Charitable Purpose The Trustees are empowered to make distributions from capital and revenue among such institutions in the United Kingdom as are recognised by HM Revenue and Customs as having charitable status or any purposed or activities which are deemed by law to be charitable. ## Activities and Achievements The financial position of the Trust is set out in the accompanying Statement of Balances. The accounts have been prepared in accordance with the Charities Accounts (Scotland) Regulations 2006 and are on a receipts and payments basis. Gifts made by the Trust amounted to £76,600 (2024 £29,000). The investment portfolio is reviewed regularly with the trustees stockbroker to ensure that it continues to provide long term growth of income and capital. 2 ## Reserves The reserves are fully invested and the income generated is needed to enable the trust to fulfil its objectives. ## Trustee Remuneration None of the trustees receives any remuneration or reimbursement of expenses. 3 ## Robert and Jeanne Mairs' Charitable Trust Receipts and Payments for the year ended 5 April 2025 **----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Receipts| |Interest|7,264|6,382| |Dividends|37,112|39,462| |Sale|of|investments|136,964|161,552| |Other|-|181| |Total|Receipts|181,340|207,577| |Payments| |Investment|Management| |Management|fee|12,204|8,792| |Purchase|of|investments|107,614|139,431| |Payments|for|Charitable|Activities| |Pollock|Pantry|5,000|-| |Medical Aid|for|Palestinians|20,000|-| |MCR|Pathways|5,000|-| |Make|Do|and|Grow|5,000|-| |Glasgow|Care|Foundation|5,000|-| |Glasgow|Caledonian|Trust|12,000|12,000| |Glasgow|City|Mission|10,000|-| |University|of Glasgow|Trust|14,600|17,000| |76,600|29,000| |Governance| |Factors|fee|2,700|10,800| |Independent|Eaminer's|fee|913|869| |Auditors’|remuneration|-|-| |Bank|charges|-|-| |3,613|11,669| |Total|Payments|200,031|188,892| |Surplus|/|(Deficit)|for the|year|(18,691)|18,685| **----- End of picture text -----**
4 Robert and Jeanne Mairs' Charitable Trust Charity number: $C033091 Statement of Balances as at 5 April 2025 ||2025|2024| |---|---|---| ||£|£| |Bank and cash in hand||| |Opening balances|68,503|49,818| |Surplus/(Deficit) for the year|(18,691)|18,685| |Closing balances|49,812|68,503| |Investments at Market Value||| |(per attached schedule}|1,235,302|1,282,190| |Creditors|-|7| Approved by the trustees and signed on their behaif 5 |RobertandJeanne Mairs' Charitable Trust|RobertandJeanne Mairs' Charitable Trust|investments
Yearto5 Apri 2025|investments
Yearto5 Apri 2025||||Market||| |---|---|---|---|---|---|---|---|---|---| |Units
Held|Dividends FromUKCompanies|Cost
05.04.24|Additions|Equalisation/
Disposals|Cost
05.04.25|perunit|Value
05.04.25|Date|Investment
Income| ||1361 National Grid|6,384.54
6,384.54|503.10
503.10|336.96
336.96,|6,550.68
6,550.68|10.3400|14,072.74
14,072.74|19.07.24
14.01.25|501.91
2**1**5**.**58
7 7 49| ||950 ShellPLCEuro.07(UKQuote)|14,852.27|-||14,852.27|248150|23,574.25|24.06.24
23.09.24
19.12.24|255.93
248.43
256.79| |||14,852.27|~|-|-
14,852.27||23,574.25|24.03.25|264.01
1,025.16| ||DiageoPLC
DiageoPLC
0 DiageoPLC|8,142.25
2,961.56
3,103.15
14,206.96|-|8,142.25
2,961.56
3,103.15
14,206.96|-
-
-
-|28.4950
28.4950
28.4950|-
-
-
=|17.04.24
17.10.24|192.30
283.38
475.68| ||900 Smith&Nephew|5,067.90||-|5,067.90|10.3050|9,274.50|22.05.24
08.11.24|166.41
99.90| |||5,067.90|~|-|5,067.90||9,274.50||266.31| ||0 ReckittBenckisterGroup
0 ReckittBenckisterGroup|5,797.00
4,996.87
10,793.87|-
-|5,797.00
4,996.87
10,793.87|-
-
-|42.7500
42.7500|-
-
=|24.05.24|202.83
202.83| ||0 PolarTechnologies25p
25000 PolarTechnologies 2.5p|14,963.20
14,963.20|14,963.20
14,963.20|14,963.20
14,963.20|:
14,963.20
14,963.20|0.0000
2.6350|:
65,875.00
65,875.00||=| ||225 UnileverPLC 1/9p
75 UnileverPLC 1/9p|9,017.99
3,008.88
12,026.87|B|=|9,017.99
3,008.88
12,026.87|46.9400
46.9400|10,561.50
3,520.50
14,082.00|07.06.24
06.09.24
06.12.24
28.03.25|110.22
110.88
109.89
113.25,
444.24| ||3500 Legal&GeneralGroup|4,607.15
4,607.15|-|-
:|4,607.15
4,807.15|2.2250|7,787.50
7,787.50|06.06.24
27.09.24|512.05
210**.0**0
722
5| ||11000 PrimaryHealth PropertiesPLC 12.5pOrdShares|15,807.23
-
15,807.23|=|-|15,807.23
-
15,807.23|0.9520|10,472.00
-
10,472.00|17.05.24
16.08.24
22.11.24
21.02.25
17.05.24
16.08.24
22.11.24
21.02.25|30.25
30.25
30.25
44.00
159.50
159.50
159.50
151.25
764.50| ||6500 GreencoatUKWindPLC=1pOrdinaryShares
3000 GreencoatUKWindPLC-1pOrdinaryShares
1000 GreencoatUKWindPLC-1pOrdinaryShares
2750 GreencoatUKWindPLC=1pOrdinaryShares|8,998.66
3,939.00
1,325.50
4.11648
18,379.54|-|=|8,998.66
3,939.00
1,325.50
4,116.48
18,379.64|1.0500
1.0500
1.0500
1.0500|6,825.00
3,150.00
1,050.00
2,887.50
13,912.50|31.05.24
30.08.24
29.11.24
28.02.25|331.25
331.25
331.25
331.25
1,325.00| ||0 Spirax-Sarco EngineeringPLC-26.9230769p OrdinaryShares|8,911.48|-|8,911.48|-|-|:|24.05.24
15.11.24|114.00
47.50| |||8,911.48|-|8,911.48|=||:||161.50| ||525 ExperianPLC-USD0.10 OrdinaryShares|13,814.97
13,814.97|-
-|-|13,814.97
13,814.97|32.46|17,041.50
17,041.50|19.07.24
11.02.25|168.18
82**.**85,
251 03| ||5150 TRPropertyInvestmentTrust2.5pOrdinaryShares
4850 TRPropertyInvestmentTrust2.5pOrdinaryShares|24,996.81
23,832.61|||24,996.81
23,832.61|2.91
2.91|14,960.75
14,089.25|01.08.24
10.01.25|1,005.00
565.00| |||48,829.42|:|=|48,829.42||29,050.00||1,570.00| ||Rentokil
(Unsetiled)|13,302.50
13,302.50|=|13,302.50
13,302.50|-
=|-|:
:|15.05.24
16.09.24|148.25
79.00
227.25| 6 **----- Start of picture text -----**
UK Equity Funds
5254 City of London Inv Trust
1300 City of London Inv Trust
3200 City of London Inv Trust
2246 City of London Inv Trust
**----- End of picture text -----**
**----- Start of picture text -----**
12500 Fidelty Special Values
2700 Fidelity Special Values
4800 Fidelty Special Values
**----- End of picture text -----**
14000 Mercantile Investment Trust 3500 Mercantile Investment Trust 6000 Mercantile Investment Trust 4500 Mercantile Investment Trust Global Equity Funds 18500 Henderson Intl Income Trust 11500 Henderson Intl Income Trust 3500 Henderson Int! Income Trust 3500 Henderson Int! Income Trust 3000 Henderson Int! Income Trust 6000 Henderson Int! Income Trust 4500 Henderson Int! Income Trust 31000 Murray Intemational Trust 11600 Scottish American Inv Co 1200 Scottish American Inv Co 1500 Scottish American Inv Co 1400 Scottish American Inv Co 1300 Scottish American Inv Co 4000 Alliance Trust 4000 Alliance Trust 300 Alliance Trust 650 Alliance Trust 110 Astrazeneca PLC 11864 Dunedin Income Growth 2136 Dunedin Income Growth 130 Veritas Global Equity Income 25 Veritas Global Equity Income 45 Veritas Global Equity Income 4060 VeritasVeritas GlobalGlobal Equity EquityIncInc DD IncInc |17,467.91
5,000.18
14,093.30
26,432.11|-
-|6,670.69
16,537.69|10,797.22
5,000.18
14,093.30
9,894.42|4.2550
4.2550
4.2550
4.2550|22,385.77
531.50
13,616.00
9556.73|31.05.24
30.08.24
29.11.24
28.02.25|997.50
997.50
997.50
997.50| |---|---|---|---|---|---|---|---| |62,993.50|=|23,208.38|39,785.12||51,060.00||3,990.00| |25,344.13
4,933.61
9,168.68|||25,344.13
4,933.61
9,168.68|3.0600
3.0600
3.0600|38,250.00
8262.00
14,688.00|20.06.24
10.01.25|648.00
1,260.00| |39,446.42|:|=|39,446.42||61,200.00||7,908.00| |24,565.27
5,170.83|||24,565.27
5,170.83|2.1000
2.1000|29,400.00
7,380.00|16.05.24
01.08.24|924.00
420.00| |10,130.82
10,264.23
50,131.15|:|=|10,130.82
10,264.23
50,131.15|2.1000
2.1000|12,600.00
9,450.00
58,800.00|01.11.24
_03.02.25|420.00
420.00
2,184.00| |24,984.69
15,321.59
5,184.15
5,397.18
4,957.35
9,986.70
6,885.00|-
-||24,984.69
15,321.59
5,184.15
5,397.18
4,957.35
9,986.70
6,885.00|1.5800
1.5800
1.5800
1.5800
1.5800
1.5800
1.5800|30,810.00
18,170.00
5,530.00
5,530.00
4,740.00
9,480.00
7,110.00|31.05.24
30.08.24
29.11.24
28.02.25|988,80
988,80
1,004.25
1,004.25| |72,716.66|:|=|72,716.66||87,370.00||3,086.10| |41,662.73
41,662.73|:|-
:|41,662.73
4166273|2.4650|76,415.00
76,415.00|20.05.24
16.08.24
18.11.24
17.02.25|1,333.00
775.00
775.00
775.0**0**
3,658.0| |31,328.00
3,506.50
5,227.89
5,176.51
5,191.71|-|.|31,328.00
3,506.50
5,227.89
5,176.51
5191.71|4.7550
4.7550
4.7550
4.7550
4.7550|55,158.00
5,706.00
7,132.50
6657.00
6,181.50|—11,04,24
20,06.24
19.08.24
12.12.24|646,00
586.50
603.50
629.00| |50,430.51|:|=|50,430.61||80,835.00||2,465| |30,106.95
30,221.81
2,260.80
5,138.22|-
-
-|-|30,106.95
30,221.81
2,280.80
5,138.22|10.8200
10.8200
10.8200
10.8200|43,280.00
28,086.24
43,280.00
27.09.24
3,246.00
27.12.24
7,033,00___31,03,25||592.49
592.49
602.34
602.34| |67,727.78|:|=|67,727.78||96,839.00||2,389.66| |12,026.79
12,026.79|=|=|12,026.79
12,026.79|108.0800|11,888.80
17,888.80|09.09.24
24.03.25|85,36
184,80
270.16| |51,554.80
9,810.19
67,364.99|-
=|20,972.49
3,989.48
24,961.97|30,582.31
5,820.71
36403,02|2.7400
2.7400|32,507.36
5,852.64
38,360,00|31.05.24
30.08.24
29.11.24
28.02.25|979.40
755.20
755.20
448,00
2,937.80| |20,891.36
4,746.31
8,119.84
8,260.19
11,800.19
53,817.89|-
:|-
=|20,891.36
4,746.31
8,119.84
8,280.19
11,800.19
53,817.89|278.3900
278.3900
278.3900
278.3900
278.3900|36,190.70
6,959.75
12,527.55
11,135.60
16,703.40
83,517.00|07.10.24|1,934.52
7,934.52| 7 Inflation Linked Securities 14500 Royal London Global IL Bond Z Inc **----- Start of picture text -----**
15000 Treasury 4.25% Index = Linked 2036
17000 Treasury 4.25% Index = Linked 2036
0 Treasury 4.25% Index = Linked 2027
1448 Treasury 1.25% Index = Linked 2027
5500 Treasury 1.25% Index = Linked 2027
2352 Treasury 1.25% Index= Linked 2027
15000 Treasury 4.25% Index= Linked 2032
**----- End of picture text -----**
Investment Grade Bond Funds **----- Start of picture text -----**
155 Bluebay Funds Mgmt GBL Inv Gr Corp Bd S Inc
60 Bluebay Funds Mgmt GBL Inv Gr Corp Bd S Inc
4500 Royal London Ethical Bond Z Inc
8000 Royal London Ethical Bond Z Inc
**----- End of picture text -----**
0 M&G Securities Ltd - Global Macro Bond PP Inc High Yeild Bond Fund 0 Liontrust Monthly Inc Bd P Inc 20473,5370 LiontrustLiontrust MonthlyMonthly IncInc Bd P 8d P Inc Inc |18,678.47|||18,678.47|1.2060|17,487.00|28.06.24
31.12.24|186.53
327.24| |---|---|---|---|---|---|---|---| |18,678.47|-|-|18,678.47||17,487.00||483.77| |14,848.52
17,289.21
32,137.73|-
-
=|-|14,848.52
17,289.21
32,137.73|0.9798
0.9798|14,697.00
16,656.60
31,353.60|07.09.24
07.03.25|680.00
680.00
1,360.00| |19,958.14||19,958.14|-
-|||07.06.24
07.12.24|403.75
403.75| |19,958.14|-|19,958.14|-||-||807.50| |2,399.00
14,596.80
4,859.40
21,855.20|=|414.00
4,561.50
287.68
5,263.18|1,985.00
10,035.30
4,571.72
16,592.02|2.0935
2.0935
2.0935|3,031.39
11,514.25
4,923.91
19,469.55|22.05.24
22.11.24|180.85
183.46
304.31| |15,310.10|||15,310.10
-|1.0212|15,318.00|07.06.24
07.12.24|318.75
318.75| |15,310.10|~|-|15,310.10||15,318.00||637.50| ||||-||||| |13,656.45
5,245.80|140.06
97.86||13,796.51
5,343.66|90.9100
90.9100|14,091.05
5,454.60|08.04.24
05.07.24
07.10.24|243.98
238.61
226.61| |||||||09.01.25|265.91| |18,902.25|237.92|-|19,140.17||19,545.65|-|975.11| |5,270.29
9,316.57|-
-|-|5,270.29
9,316.57|1.0150
1.0150|4,567.50
8,120.00|28.06.24
30.09.24
31.12.24|147.18
142.90
153.56| |||||||31.03.25|147.28| |14,586.86|-|-|14,586.86||12,687,50||590,92| |18,865.57||18,865.57|-
-
:|0,79|.
-
:|28,06,24
30,09,24
31,12,24|224,34
212,01
202,49| |18,865.57|=|18,865,57|:||=||638,84| |17,463.95
5,746.33|23,210,51|17,463.95
5,746.33|-
-
23,210,51
.|0,8309
0,8309
0,9794|-
-
20,051,78|31,01,25
28,02,25
31,03,25
30,04,24
31,05,24|107,96
85,99
85,99
85,75
85,75| |||||||30,06,24
31,07,24|85,75
85,75| |||||||31,08,24|85,75| |||||||30,09,24
31,10,24|85,75
85,75| |||||||30,11,24|85,75| |||||||30,12,24|85,75| |23,210.28|23,210.51|23,210.28|23,210.51||20,051.78||1,051.69| 8 |||OtherFixed Interest||||||||| |---|---|---|---|---|---|---|---|---|---|---| |||OverseasDividend (USA)||||||||| ||100
25|Johnson&Johnson
Johnson&Johnson|10,436.70
3,172.69|-|-|10,436.70
3,172.69|118.4300
118.4300|11,843.00
2,960.75|04,06.24
10.09.24
10.12.24|102.53
100.10
102.74| ||||FT
13,609.39|=|=|13,609.39||14,803.75|04.03.25|103.05
408.42| ||160|Alphabet
Inc ClsA|-|24,544.34||24,544.34|112.5250|18,004.00|17.03.25|20.89| ||||:|24,544.34|-|24,544.34||18,004.00||20.89| ||190|BoozAllen HamiltonHLDGCorp|-|20,705.19||20,705.19|84.3947|16,034.99|04.03.25|69.47| ||||:|20,705.19|-|20,705.19||16,034.99||69.47| ||45|S&PGlobalInc|8,662.91
8,662.91|-|:|8,662.91
8,662.91|348.9330|15,701.99
15,701.99|12.06.24
11.09.24
11.12.24
12.03.25|27.13
26.45
27.20
28**.**25
109 03| ||110|NVIDIACorp||9,950.83||9,950.83|72.8800|8,016.80||| ||||:|9,950.83|-|9,950.83||8,016.80||-| ||48|RoperTech||20,622.15||20,622.15|418.7080|20,097.98||| ||||:|20,622.15|-|20,622.15||20,097.98||-| ||75
20|VisaINC
VisaINC|9,581.23
3,181.56
——
12,762.79|-|:|9,581.23
3,181.56
12,762.79|242.0000
242.0000|18,150.00
4,840.00
22,990.00|04.06.24
03.09.24
03.12.24
03.03.25|32.78
31,83
37.30
37.49
139,40| ||225
95|Coca-ColaCo
Coca-ColaCo|8,980.77
4,155.92|-||8,980.77
4,155.92|54.04
54.04|12,159.00
5,133.80|01.07.24
01.10.24
18.12.24|103,50
98.44
103.41| ||||13,136.69|:|:|13,136.69||17,292.80||305.35| |#|6600|HermesInvestmentMGMTUSSMIDEquityL2Inc||13,831.62||13,831.62|1.59|10,494.00||| ||||-|13,831.62|-|13,831.62||10,494.00||-| |#|55|MicrosoftCorp|8,901.27|-||8,901.27|278.09|15,294.95|13.06.24
12.09.24
12.12.24
13.03.25|27.24
26.70
30,34
29.80| ||||8,901.27|:|=|8,901.27||15,294.95||114,08| ||100|CMEGroupInc|14,712.69
14,712.69
196.65
sees
14,712.69
-
5
14,712.69|||||19,665.00
19,665.00|25.06.24
25.09.24
27.12.24
16.01.25
26.03.25|76.53
72.66
77.40
401,82
81.91
710.32| |||Overseas Dividend (DNK)||||||||| ||155|Novo-NordiskAS||17,456.80
-|-|17,456.80
-|49.1742|7,622.00
-|19.08.24
01.04.25|44,97
99,69| ||||-|17,456.80|-|17,456.80||7,622.00||144.66| |||OverseasDividend (Che)||||||||| ||195
75|Novartis
AG
Novartis
AG|9,217.21
3,759.47|-|-
-|9,217.21
3,759.47|83,0590
83,0590|16,196,517
6,229.43|14,03,25|534,23| ||||12,976.68|-|-|12,976.68||22,425.94||534.23| |||Overseas Dividend (DEU)||||||||| ||125|SiemansAG|14,768,42||-|14,768,42|155,12|19,390,00|19,02,25|394,46| |||Overseas Dividend (CGY)|14,768.42|:|-|14,768.42||19.390,00||394,46| ||9200|RufferInvestmentCo|25,028.42|-|-|25,028.42|2.8400|26,128,00|14,10,24|285,20| ||||25,028.42|=|=|25,028.42||26.128,00||285,20| ||||1,022,330,38|146,025,66|177,982.49|990,373.55||1,235,302,07||43,961.43| |||PerTax report
Less cash a/c||107,614,03
38,411.63||990,373.55
1,027,332,00
36,958,00
0.45|Rounding|1,235,302.07
1,272,289,00
36,958,00
28.93|Rounding|3756526
7209,89
4477515| |||||||||||813.72| |||||||||||difference is| |||||||||||foreigntax| 9 **----- Start of picture text -----**
2023
Investments Realised Cost Proceeds Gain
296 National Grid 336,96 $22.11 185,15
175 Reckitt 10,793,87 7,755,51 (3,038.36)
23000 M&G Securities 18,865.57 18,068,80 (796.77)
100 Spirax-Sarco Engineering PLC 8911,48 6,861,117 (2,050.37)
600 Diageo PLC 14,206.96 12,576,00 (1,630,968)
7000 City of London Inv Trust 23,208.09 30,772,00 7,563.91
9600 Dunedin Income Growth 24,962.03 26,784,00 1,821.97
295025001900 TreasuryTreasuryRentokil (unsettled 4,25%1.25% IndexIndexbut not-- Linked Linked in valuation) 2027 2027 19,958.145,263.1013302,5 19,140,536,130,318,353,75 (4,948.75)(817.61)867.21
Total 41 39,808.70 136,964,1 2 (2,844.58)
Reconcifation of Disposals
Equatsation/Disposal Costs 177,982.49
177,982.49
Per Nominal Ledger 136,964.12
Less Gain on disposals in year 2,844.58
Less Share transfers 38,173.48
177,982.18
(0.31)
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