RECEIPTS and PAYMENTS
ACCOUNT
Al•xander Hay Ma¢lagan Trust
(Known as: A H Maclagan Trust f¢x Madderlyl
From.. 15 October 2024
TO.. 14 O¢tober 2025
S¢ottl$h Charlty Numb¢r SC036957
2025
NTIFS5
08962100001

Alexander Hay Macla9an Trust
(Known as.. A H MaGlagan Trust for Maddertyl
Tru5tse$' Annual Report and Accounts for the year ended 14 October 2025
Scottlsh Charlty Number SC036957
Tmstees
Counclllor Frank Smllh
Jacqueline Fa¥rell IHe8d Teacher, Madderty Prlmary School)
Marjori6 Clark- resigned 2211012025
R&verend Rdjert B¥otherslon Milne- appolnted 2211012025
Prlncipal address
orlon Fras8r MacRob8rts, LLP, Solicitors,
9 Haymarket Square, EdIn￿￿rgh EH3 8RY
Recrultment and appointmont of Trustees
All of lh& Trust's current trustees are appolnted ex officlo tjnder the Trust Deed.
Govemlng document
The Trust Is a charitable unineorrx)raled associallon and the purposes and adminlslration arrar)gemenls
are sel out in a Twsl Disposllion and SettlenTrent by the late Alexand￿ Hay Maclagan dated 2 December
1986.
Charitsblo purposes
The pvrposes. a5 re¢orded in the Trust Disposition and Settlem6nt, a￿ lo bgnefit the Parish of Madderty,
Perthshire. Specifically Ihe purposes include Ihe maintenance of thè Parish Church, gr2veyard, war
memorial and Public H811 of Madderty, th8 provlslon ol addthonal educational, recrealional and other
facilitles lor Ihe school In Madderty, the ￿lLer ol ￿v￿rtY and advancemethl ol the Communlly of
Madderty.
Actlvltlos and Achievèmants
During the year the Tr￿slee$ have given grants to Madderty Prlmary School, M8dderty Parent Council
and Madderty Community A55oaalion.
The Trust wlll continu8 to make grant8 in future years lor the benefit of th8 <x)mmunily.
Rastrves
11 is the policy of the Tru5110 maintain unrestricted funds whir.h ar8 the free funds of the Trust al a18vel
which promdes funds to g8nerate sufficient income lo covèr grants paid ar￿ the adminislralion 8rEd
suppf)It costs of the T¥usl. As a iesull of th8 d6ficit of £89.29212024'. suplus £54,325) for Ihe ￿ar, the
Trust held unrestrictEd lunds m8d8 up ol invostments, at market value ol £1,212,44012024'. £1.138,5251
and cash of £49,73712024'. £139.0291. Th8 level of reseTve3 held Is consldor8d necessary lo malntain
the Trust's inv6Stment portfolio at a levd which will generate sufficient annual incom8 to fund future
operations and to withstand any108s¢s arlslng fiom 8xposur8 to oquilie8.
Th8 trustees considet that the general fund of £49,737 wlll enable them lo conllnue lo benefit
the Parish of Maddprty.
Approved by the Trustees and sign8d on behalf of all Twstees by'.-
Frank Smith
Councillor Frank Smitti (Trusteel
1310512026
Date

Independent Examlner's Report to the Trustees of the Alexahder Hay Maclagah Twst
(Known as= A H Maclagan Trust for Maddertyl
I reporl on the accounls of the cha¥lly for th8 ye&r ended 14 OclobÈr 2025 which
are Sel out on pages 3- 5.
Respective re$ponsihllltles of trustees and examlner
The charlvs ttustees are r8sponslble lor the preparalion of the accounts in accordance ￿th the lerms
ol Ihg Charities dnd Trustee Inveslrn8nl Iscollandl Act 2005 and Ihe Chaiities A¢counl8 Iscollandl
Regulallons 2006 la5 3mènd8dl. The charily'8 trustees consider that the audll r8quirement of
Regulalion 10111 Idl of the 2006 Ac¢¢)vnts Regulallons does not apply. It 18 my responsibility to
examlne the accounts as required undèr se¢lion 44111 Icl ol the Act and lo slats whether particular
mdllèrs have Come to my atlentiDn.
Ba51$ of Independent examlner's statement
My examination is carried out In accordance with Regulation 11 of the Charili88 Accounts (Scollandl
Regulatlons 2006. An examination includes a review of the a¢covntsng ￿e0rdS kept by the charity
and a comparison ol the 8ccounts presen18d with those r&cards. 11 also includes conslderalion of any
unusual items or disc105ures in Ihe 8ccounts, and 8oeks explanHllons from the Irusioos concernlng
any sutyli matters. The prO￿dureS unElertaken do not provido all the e￿dence Ihal would be rÈquir8d
In an audit. and consequently I do nol express 8n audit opinion on the vlew given by Ihe ac¢ounts.
Independent examiner's Statement
In th8 course of my examivbation. no matter has come to my allenlion
whlch givgs rne reasoneble ¢ayse to believe thal in any material rgspect thè
requlrements..
lo keep accounting reoords in accordance with SectiOWb 44111 lal of Ihe 2005 Acl and
Regulation 4 of the 20U6 Accounts Re9ulations, and
to prepare accounls which accord wth the accountlng records and comply wllh
Regulation 9 of the 2006 AccoLinls Regulations
have nol been met, or
to which. in my opinlon. allenuon shoukl b8 drawn in ordgr to 8llable a proper
understandillg ol the 8rLounts lo be reached.
Mark T Edwards FCCA
Mil¢hell Edwards
Chartered Certsfied A¢¢ounlaftts
24A Ainslie Plac8
Edinburgh
EH3 6AJ
.Dale

Alexander Hay Maclagan Trust
{Known as: A H Maclagan Trust for Maddortyl
Rgcelpts and Paym&nts Account for the year ended 14 October 2025
Note5
2025
2024
Recelpts
Income (rom investments
Nel inveslmenl sales
37,604
40,841
161,798
Total
37,604
202,639
Payments
Nèl investment costs
Grdnls and donations
Fee for inéependenl exaniinallon of account
Brewln Dolphln - Portfolio management fees
Morton Fraser MacRoberts . Adminislralion fees
Morton Fraser MacRoberts - Investment management fees
17,555
93,279
780
8,202
7.080
129,355
720
8,619
5.820
3,800
Total
126,896
148,314
IDeficillJSurplLJS for year
89,292
54.325

Alexander Hay Maclagan Trust
(Known as.. A H Maclagan Trust for Maddertyl
Slatoment of Balances as at 14 O¢¢ober 2025
Notes
2025
2024
Bank and ca$lt In hand
Opgning balanctss
{DeficitVSurplus lor year
139,029
189,2921
84,704
54,325
Closlng balancos
49,737
139,029
Roserves
Gen8r81 fU{￿S
49,737
139,029
Assets
Itiveslments at market valu
Debtors
1,212,440
1,138,525
1,575
1,212,688
1.140,100
Llabllltles
822
94,110
I funds arg vni85trl¢ted.
Approved by th8 Trustees and signed on behalf of all Truslees by..
Frank Smith
1310512062
Councillor Frank Smith (Trusleel
Date

Alexander Hay Maclagan Trust
(Known as: A H Ma¢lagan Trust for Madderty}
Notes on th8 Financlal Statements for the year ended 14 October 2025
2025
2024
l Grants and donatlons
Madderty Prlmary School - grant for varlous activities and leaming
resources
Madderty Primary School - car park improvements, external door
and playground alleralions
Madderty Parent Council - help towards playground equipment
Madderty Community Association- help towards solar panéls, internal
lighls and EV charger
Mid Slralhearn Parish Church
8.900
92.874
77.126
29.628
13.701
405
93,279
129.355
2025
2024
2 Deblors
Dividends receivable
248
1,575
2025
2024
3 Liabilltles
Independent Examination fees
Administration fees
Grant commitments
822
756
480
92,874
94,110
822
4 Transactlons wllh twstees and connected pvrsons
Trustee5 do not receive remungrollon, expenses or other benefits from their work
with the Trust,