THE FIOBERT NICOL TRUST RECEIPTS and PAYMENTS AccouKr for the year eThled 14th Fèbruary 2026 STATEMENT ot BALANCES as at 14th F@bnry 2026 PEfERKINS SOUCITORS I UNION STFIEET ABEFIDEEN AB10 1QR MH1541
THE ROBERT NICOL TRUST REceipTS an PAYIIENTS FOA YEAR ENDED 14TH FE8RUARY 2026 RECEIPTS 2026 2025 Income on Investments Irv)t sUe¢¢ to Income Tax) Charities Cylictal Investment FuThJ Shares. DNhJ8nd Incom8 9.71x1.62 9,445.84 Chaiitss Ollicaal Investrnent FuTrJ l)eposit FLYKI . Interest 3,115.05 3..47 Charinco Income Shares. DidarK1 Interest Dl5tritrrt10n 747.40 573.08 Bank Interest 620.90 840.98 Donation from Violet M Less81 Trust 8.SW.00 8.5.00 Donation from Mrs E S Wilson's Twst 4,CKKJ.00 8,C(().00 Donation from Th8 Ina Scott Suth8rfarKI Charitabl8 FwrthlTron 20.WO.00 20,OW.C £46.683.97 £50,656.37 These funds are UnStrICted PAYMEpirs MeetiNJ expens6S Audit fee foT Accounts to 14th February 2024 Audit fee lor Accounts to 14th F9bruary 2025 660.1KJ Secretary's Remuneration lor year ended 14th February 2tr25 lin¢luding copies. posts, teleone$, ilental ouuays & VAT) 3,960.00 S8cTelary's Remuneration for year ended 14th February 2026 (including copies, posts, te18phones. incKlental outlay5 & VAT) 4.356.00 5.016.00 4,620.00 Scholarship Payments as per Appenix I 42.350.00 38.300.00 SurplUs811Ci1 for year 682.03 7,736.37 £46,683.97 £50,656.37
STATEMENT of BALANCES AT 14TH FEBRUARY 2026 CAPITAL AND UABIUTIES CAPITAL Accouiir 2025 Amount as per last Statem8nt 118,895.20 118,895.20 Add.. Transler from Receipts aThJ Payments Account 118,895.20 118.895.20 Funds in Ihe Capital Account represént Perrnan8nt ETrJowTnert Funds ECEIPT and PAYMENTS NT Amount at credit as al 14th Febwary W25 124.825.61 117,089.04 AddlSubtracl= Translei to Capitsl AoUnt SurpluslDeliut for year as per foregoing Acco1 124.143.S8 £243,038.78 7,736.57 124.825.61 £243,720.81 These funds are unrestricted ASSETS Marf(et Value at 1412125 ainst C itsl Investments held by CCLA In¥eslm8nl Management Ltd at cost- 17,099.62 Income Units COIF Ctwit Investment Fund 359,284.73 88.84128 88.841.28 Investments held by Black Rock MeNill Lynch Inveslmgnt Managers Lld at cost - 7.844.820 IrKome Shares Charinco Common Inv8strn8nt Fund 11,184.25 £370,448.98 10.053.>2 98.89520 10.053.92 98,&95.20 ainst a¢(mu1aIed in lal Investménts held by Black Rock Morriw Ly Investment Managers Ltd at cost - 2.835.344 Income sha Charinco Commc Investment Fund Ibl CCLA Investmènt Management Ltd al ¢redii ol chaiits.es Depost Account 92.047.07 Icl Funds hold in Clydesdale Bank PLC 4.952.58 and Peterknns Cliants ACCOL1 42.591.05 139.590.70 £4.042.31 4.$52.88 4,552.88 68.932.02 34,504.36 36.836.15 140,272.53 ss: outstanding cwue 139.5W.70 144,143.58 £243.038.78 140,272.S3 144.825.41 £243,720.61 Approved by the Trustees and $ied C Ihwr beham by:" Trustèe.. (2 c-4 Dale:
APPENOIX I SCHOLARSHIP P Sophie Gillidt 1.350. CJ Kilching 1,350. Gttegorz P Ka¢wzyk 1,350.C Jarrie Joseph C4llick 1,350.C MG James 1,350.00 Nahian Khan 1,350. Antmia Uri 500.(KI Anknia Klimkiewicz 1.350.00 Katherine Jane Farrands 1.350. Ahmad Azzam 1.350.00 Susannah Bell 1.350.Crf] Farahnaz Atx)Ivar(li 1,350.cK) Hallam s9Neir-rn0pP 1,350.00 Megan CaThTon 1,350.00 15 Noor A K Suliman 1.350.CK) Fiona M Nichdson 1,350.00 17 Emma L Bell 1.350.00 Martha MP Thc 1.350.00 Raphaelle McLennan 1,350.00 Karen G Sham 1.350.00 21 Loise Pamotte 1,350.00 Jessica More 1,350.00 23 Jake D Santos 1,350.00 24 William O'Keele 1,350.00 Lauren A Raff8ty 1.350.00 Reuben Vthay 1,350.00 27 Kirsty L F8rrands 1,350.00 Ms Heather Vri 1,350.00 Ibral¥m Akali 1,350.00 caled loard 38,300.00
Brought lonvar(1 38,300.00 Khalid Suliman 1,350.00 31 Kirsty Lawie 1,350.00 Joanita Dsouza 1,350.1)0 £42,350.1)0
The Robert Nicol Trust sectio B Statement tsf balances SC037689 To1 pJrr•rrt B1 CMhfund• la7Mg 144,14) 14102$ 2 lnvMtM1* 1131$ FL To BJOth•r••••ts Tow BSCotitln9•rt IIAbWI•B TWI 4ppr•Y•r Is
Trustees, Annual Re rt for the eriod From IS Februa 2025 to 14 Februa 2026 Charity name The Robert Nicol Fellowships and Scholarships Other name charity is krsown by The Robert Nicol Trust Registered charity number in Scoiland SC037689 Charity's principal addres5 ICIJ Union Street Aberdeen ABIO IQR TRUSTEES (al Ex-officio The Principal of the University of Aberdeen- Professor Anthony Heywood acting as his Appointee The Jaffrey Chair of Political Economy (University of Aberdeenl Profe550r Keith Bender The Chairman of the Education Committee of Aberdeenshire Council - Councillor Ron McKail acting as Appointee The President of the Society of Advocates in Aberdeen- Mr Forbes McLennan acting as Appointee Ibl Nominative Appointee of the Education Committee, Aberdeen City Council being Councilloi Mortin Greig Icl Co-opted Mrs. Pamela Snape Richard Stroud John Corall Stwcture, Governance and Management The Trust was created by means of a Legacy of £40,IXK) bequeathed under his Will dated 4th May 1878 by the late Robert Nicol as amended by Sealed Order of the Charity Commissioners dared 10th October 1984 In term5 of the above deeds 4 ex-officio Trustees. I nominative Trustee and 2 co-opted Trustee5 we appointed. The ex-officio and nominative Trustees can appoint other persons to act in their stead. On the death, resignation or removal from office any of the co-opted Trustees. new co-opted Trustees are nominated and appointed by the remainin8 Tmstees. Objectives and Actlvltles The Trust Was Set up by the late Mr Nicol for the purpose of paying and applying the annual income thereof in perpetuity for the advancement and promotion of education in the City and County of Aberdeen Applicants to be eligible must have been born in the City or in the County of Aberdeen or have resided therein for a period of not less than five years immediately prior to the date of their application. Scholarships are awarded to candidates who can satisfy the Trustee5 that they are fully qualifed to pursue with profit the course of study proposed and save in exceptional circumstances should be 21 years of age.
APPENDIX 3 OSCR Scollish Clkiiily Regulatoi Independent examinerfs report on the accounts Raport to lh• Ch8rlty name trust¢e8lmomb•r8 The Robert Nicol Trust Reglstered charlty SC037689 number On accounts of the charfty for lh• p•rlod Period start date Period end dale Ytar 15 2025 to 14 2026 S•t out on pag•s Ir•membw&>1nd th• pa9• nwiws $Fets) Rasp8ctiW The charity's Injstees are responsible tt)8 weparation of the accounts in accordance responsibilities of wlh the temis of the Charities and Trustee Investment {Scollandl 21)05 Act and the trustoes and •xamln•r Charities Accounts (Scolland) Regulations 2006 las amended). The chlty Iruslees consKler that the audit requirement of Regulation 10111 {d) of the Accounts Regulations does not apply. It is my res{1b1lty lo examine the accounts as required under section 44111 Icl of the Act aThJ lo state whether partiojlar matters have come lo my aitentKsn. Basls of Independent My examination is wied out in accordance wth R8gulalion 11 of the 20[ Accounts examlnevs statement Regulations. An examination includes a revi8w ol the accounting records kept by the charity and a comparison of the acc(MJnts presented with those records. 11 also includes consideration of any umJ5ual items or dksd05ures in the accounts and seeks explanations from th8 trustees corwning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequ8nlly, I do not express an audit opin#)n on th8 view gNen by the accounts. Independent examlnees In the course of my examinalw)n. no matter has come lo my attention1o#w 8tatement whh grves me reasonatAe wse to belteve that in any material respect the requirements: to keep acc(MJnting led$ in OrdanCe wilh section 44(1) {a) of the 2005 Act and RegulatM)n 4 of the 2006 Accounts Regulations. aTrJ lo prep¥e accounts whth accord with the acc4)unting records and comply with Relan g of the 2006 ACCnIS Regulatn8 have I1 been met. or lo which. in my opinion. attentiw should be drawn in order to enable a proper Undw$tal1ng of the aoL¥)unts lo be Ched. Date: Sign•d: Name: George Brown Relevant professlonal quallflcallon(s) or body Chartered Accountant (If any): Addrns$: Tawse & Partners 18 North Silver Street Aberdeen ABIO IJU 'Pl8a5e delete the In the brad(ets Mt ath. 11thet$ do aptty. set I1MallerS ha o)me lo your attenJn Ihe fdlo¥¥iry ptye.