Scottish Charity No: SC035971
THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
CONTENTS
Page
Legal and administrative information
Trustees, report
Trustees, responsibilities statement
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial statements
7-11

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Bankers
Coutts & Co
440 The Strand
London
WC2R OQS
Principal Address
Greanan The Walk
The Walk
Campbeltown
PA28 6DU
Independent examiner
MHA
6 St Colme Street
Edinburgh
EH3 6AD

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
REPORT OF THE TRUSTEES
The Trustees submit their annual report and financial statements for the year ended 31 March 2025.
Structure, Governance and Management
The Trust, which is a Scottish charity, was registered with the Books of Council and Session in 1998.
Three Trustees with a background in business and music have been appointed to oversee the business of
the Trust. Trustees meet regularly to discuss the work of the Trust and to approve actions aimed at
advancing its objectives.
Risk management
The Trustees have conducted a review of the major risks to which the charity is exposed. The Trustees are
of the opinion that the risks facing the organisation are not significant a nd have taken steps to mitigate
such risks. The Trustees have reviewed the adequacy of the internal controls and are satisfied that thev
are appropriate to the organisation at this stage in its development.
Objectives and activities
The charitws principal objective is to advance the musical education of the public in the Royal Burgh of
Campbeltown and district.
Achievements and performance
The charity holds shares in J & A Mitchell ar)d Company Limited with the dividend income, and related
bank interest from this investment, being used to support the education and training of promising young
musicians who live in and around Campbeltown.
The Trust continues to provide accommodation and travel expenses for students at the Royal College of
Music in Manchester and the Royal Conservatoire of Scotland as they progress towards getting their
degrees. It also continues to provide loan instruments to a number of aspiring musicians and
Campbeltown Brass covering the insurance on these instruments.
During the year, additional costs have been incurred in relation to the maintenance and upkeep of the
Highland Parish Church, which is currently owned by J A Mitchell & Co Ltd.
Financial Review
The financial statements have been prepared on an accruals basis in both 2024 and 2025.
Net expenditure for the year amounted to £35,74412024= net income of £9,950). Unrestricted reserves
carried forward at the year end are £116,55112024- £152,295).
Reserves Policy
On a year-to-year basis, grants are paid according to the income available. Unrestricted free" reserve5
at 31 March 2025 were £116,551 {2024: £152,295).
Investment policy
The trustees consider that available surplus funds should be held on a high interest bearing bank account.
Plans for the Future
The trustees intend to continue to SUPPOrt the advancement of musical education of the public of the
Royal Burgh of Campbeltown and district.

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
TRUSTEES. RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each
financial year which gwe 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 preparingthese financial statements, the Trustees
are required to:
select suitable accounting policies and then apply them consistentlv:
observe the methods and principles in the Charities SORP 2019 IFRS 1021;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements: and
prepare the financial statements on the EoinE concern basis unless it is inappropriate to presume
that the Trust will continue in operation.
The Trustees are responsible for keeping proper accounting records Ihat disclose with reasonable accuracy
at any time the financial position of the Trust and enable them to ensure that the financial statements comply
with the requirements of the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts
(Scotlandl Regulations 2006 (as amendedl and the provisions of the Trust Deed. They are also responsible
for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by..
i( December 2025

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
INDEPENDENT EXAMINERS REPORT
Independent Examinerf5 Report to the Trustees of the Hedley Gordon Wrlght Charltable Trust
I report on the financial statements of the charity for the year ended 31 March 2025.
Respective responsibilities of Trustees and examiner
The charity's Trustees are responsible for the preparation of the financial statements in accordance with
the term5 of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts
{Scotlandl Regulations 2006 las amended). The charity's Trustees consider that the audit requirement of
regulation Iolllla I to Icl of the Accounts Regulations does not apply. It 15 my responsibility to examine
the financial statements as required under section 44(Illcl of the Act and to state whether particular
matters have come to my attention.
Basls of independent examiner's report
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl
Regulations 2(K16 {as amended). An examination includes a review of the accounting records kept by the
charity and a comparison of the financial statements presented with those records. It also includes
consideration of any unusual items or disclosures in the financial statements, 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 I do not express an audit opinion on the view given
by the financial statements.
Independent examiner's statement
In the course of my examination, no matter has come to my attention=
la) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 44111(al of the 2￿5 Ath and Regulation
4 of the 2006 Accounts Regulations,. and
to prepare financial statements which accord with the accounting records and comply with
Regulation 8 of the 2CMJ6 Accounts Regulations have not been met; or
(bl to whlch, in my opinion, attention should be drawn in order to enable a proper understanding of the
financial statements to be reached.
15 December 2025
On behalf of
MHA, Chartered Accountant5
6 St Colme Street
Edinburgh, EH3 6AD

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
Year ended 31 March 2025
Notes
Unrestricted Unrestricted
2025
2024
Income from:
Charita ble activities
Investments
3,500
33,283
33,281
Total income
33,281
36,783
Expenditure on:
Charitable activities
69,025
26,833
Total expenditure
69,025
26,833
Net {expenditure)/income and net movement in
funds
{35.744}
9,950
Funds brought forward
152,295
142,345
Totsl funds carried forward
116,551
152,295
The statement of financial activities includes al I gains and losses in the year.
All income and expenditure derives from continuing activities.

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
BALANCE SHEET
at 31 March 2025
Notes
2025
2024
Fixed Assets
Tangible fixed assets
Programme related investments
5,179
3.000
3,CK)O
8,179
3,￿0
Current Assets
Debtors
Bank and cash
500
170,856
171,356
114.345
114,345
Liabilities: Amounts falling due within one year
Creditors
(5,973)
122,0611
Net Current Assets
108,372
149,295
Net Assets
116,551
152,295
Funds
Unrestricted funds
116,551
152,295
Approved and authorised for issue by the Trustees on December 2025 and signed on their behalf
by:
Trustee

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
at 31 March 2025
Accounting Policies
The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied unless otherwise stated.
(o) Basis of preparotion ond going concern
The financial statements have been prepared on a going concern basis under the historical cost
convention. The financial statements are presented in sterling which is the functional currency of the
Trust and rounded to the nearest £.
The financial statements have been prepared in accordance with the Charities and Trustee
Investment (Scotlandl Act 2005, the Charities Accounts (Scotland) Regulations 2006 las amended),
Accounting and Reporting by Charities- Statement of Recommended Practice applicable to Charities
preparing their fina ncial statements in accordance with the Fina ncial Reporti ng Standard applicable
in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and UK Generally Accepted Accounting
Practice.
The Trust constitutes a public benefit entity as defined by FRS 102.
The financial statements are presented in Sterling which is the functional currency of the Trust and
rounded to the nearest £.
The Trustees consider that there are no material uncertainties about the Trust's ability to continue
as a going concern. Trustees have considered the impact of ongoing economic pressures on the
financial position and future performance of the charity and will continue to ensure grant awards are
given only where there is sufFicient income available to do so. Trustees are satisfied these efforts are
sufficient and therefore continue to adopt the going concern basis of accounting in preparing the
financial statements.
(b) Income
All income is recognised once the Trust has entitlement to the income, it is probable that the income
will be received and the amount of income receivable can be measured reliably.
Interest 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.
Dividends are recognised once the dividends has been declared and notification has been received
of the dividend due.
Bottle sales income is recognised when he Trust has delivered the goods and is therefore entitled to
the resource, receipt is probable and the income can be reliably measured.
(c) Expenditure recognition
Expenditure is recognised as soon as there is a legal or constructive obligation committing the Trust
to that expenditure, it is probable that settlement will be required and the amount of the obligation
can be measured reliably. Expenditure 15 accounted for on an accruals basis and has been classified
under headings that aggregate all costs related to the category.
Expenditure on charitable activities includes costs incurred in the delivery of the Trust's objectives.
It includes both the direct costs of grant making and more costs of an indirect nature necessary to
support them.

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
at 31 March 2025
l. Accounting Policies (continued)
(c) Expenditure recognition (continued)
Grants payable are payments made to third parties in the furtherance of the charitable objects of the
Trust. In the case of a n uncond itional grant offer this is accrued once the recipient has been notified of
the grant award. The notification gives the recipient a reasonable expectation that they will receive the
grant.
Governance costs comprise those costs involving the public accountability of the Trust and therefore
include the cost of Independent Examination. Other costs relate to the administration costs of running
the Trust.
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
(dj Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on all
tangible fixed assets at rates calculated to write off the cost, less estimated residual value of each asset
over its expected useful life as follows..
Fixtures & Fittings~ IOYO Straight line
(e) Programme related investments
The investment is viewed as a programme related investment held to further the charitable objectives.
As no readily ascertainable market value is available it is held at cost less impairment.
If) Cash
Cash at bank includes cash and highly liquid short term investments with a maturity of three months or
less from the date of opening of the deposit or similar account.
(g) Creditors
Creditors are recognised when the Trust has a present obligation resulting from a past event that wil
probably result in the transfer of funds to a third party and the amount due to settle the obligation can
be measured reliably.
(h) Financial instruments
The Trust only has fina ncial assets and liabilities of a kind that qualify as basic fina ncial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at
their settlement value
(i) Funds structure
Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in
furtherance of the charitable objects.

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
at 31 March 2025
Charitable activities income
Unrestricted
Unrestricted
2024
2025
Xmas bottle sales
3,500
Investment income
Unrestricted
2025
Unrestricted
2024
Dividends received
Interest received
33,000
281
33,000
283
33,281
33,283
Charitable activities
Unrestricted
2025
Unrestricted
2024
Grants awarded
37,162
25,313
Highland Parish Church:
Insurance
Electricity
Management charges
Rates
Consultancy fee5
Depreciation
13,863
950
3,706
2,991
2,342
575
24,427
Net Store conversion
4,596
Support costs:
Insurance
Website fees
1,049
393
200
1,442
Governance costs:
Independent Examiners Fee
1,398
1,320
69,025
26,833

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued
at 31 March 2025
Tangible fixed assets
Fixtures &
Fittings
Cost
At l April 2024
Additions in the year
5,754
At 31 March 2025
5,754
Depreciation
At l April 2024
Charge for the year
575
At 31 March 2025
575
Net book value at 31 March 2025
5,179
Net book value at 31 March 2024
Programme related investments
2025
2024
3,000 ordinary £1 shares in J & A Mitchell and Company
Limited
3,000
3.000
Debtors
2025
2024
Accrued income- xmas bottle sales
500
Creditors: Amounts falling due within one year
2025
2024
Independent Examiners Fee 2022
Independent Examiners Fee 2023
Independent Examiners Fee 2024
Independent Examiners Fee 2025
Grants payable:
National Youth Brass Band5 of Scotland residencies
J & A Mitchell and Company Ltd
Other creditor5- amounts paid on behalf of the Trust
VAT accrued on Highland Parish Church recharges
1.200
1,200
1,320
1,398
2,875
4,901
13,440
1,700
5,973
22,061
io

THE HEDLEY GORDON WRIGHT CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
at 31 March 2025
Movement in funds
At l April
2024
At 31 March
2025
Income
Expenditure
General unrestricted
152,295
33,281
169,025)
116,551
At l April
2023
At 31 March
2024
Income
Expenditure
General unrestricted
142,345
36,783
126,8331
152,295
Related party transactions
Dividend income of £33,000 {2024: £33,000) was received from J & A Mitchell and Company
Limited in the year, a company in which one Trustee was a Director. In addition, grants of £nil
12024- £4,901) were paid by J & A Mitchell and Company Limited in the year on behalf of the Trust.
£Nil {2024= £4,901) is included in creditors at the year end for this balance.
A balance of £29,606 (2024: £Nil) was also recharged between J & A Mitchell and Company Limited
and the Trust in the year in relation to the maintenance and upkeep of the Highland Parish Church.
£5,754 of this recharge was capitalised in the year. There is an amount of £1,70012024: £Nill
included in creditors at the yea r end i n relation to the full balance.
io
Post Balance Sheet events
The Highland Parish Church was purchased by J& A Mitchell and Company Limited in the year. The
current intention is for this property to be transferred to The Hedley Gordon Wright Charitable
Trust at some point in 2026 or 2027.
li