REGISTERED CHARITY NUMBER: SC040475 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR EF4DED 31ST MARCH 2026 FOR THE WHITEHILL TRUST Goldwel]s Ltd Goldwells House Gr8nge Road Pelerhead Aberdeenshire AB42 IWN
THE WHITEHILL TRUST CONTENTS OF THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31ST MARCH 2026 Report of tIL¢ Trust¢¢5 Independent Examitter's Report Stattmenl of Financlal A¢tlvlties BglaAce Sheet Notes to Ébe Financial Statements 6 to 10 Detailed StstemeDt of Finaneial Activitie5
THE WHITEHILL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2026 The trustees present th¢ir report with the fjnancial ststements of the charity for the year ended 3 1st Mareh 2026. The trnstees have adop¢Ed the provisions of A¢¢ounting #nd Reporting by Chariiies.. Statement of Recommended Practice appli¢abl¢ to charities preparing their a¢¢ounts in a¢eordance with the Financial Reporting Sthnd2rd applicable in the UK and Reb]le of Ireland (FRS 102) (effective l January 2019). OKJECTIVES AND ACTIVITIES Objective5 and alms To promote and support for the benefil of the fOTnrnunity, the provtsion and maiDtenance for the treatsnent and rehabiliÉation of individuals affected or likely to be affected by sub5trmce misuse andlor addiclion and such pro¢edure$ and setvices relating thereto within the Aberdeenshire area. To use its income or such part or portion of its income as the TrneeS deem appropriate or, in certain circurnstall, its eapiial and to do all things as will properly attain the above purposes. To incTease awaTeThe5s and undeistandiDg of the role of substanee misuse andlor addiction in society and enable itidividua]s to make inforn)ed choices. To help in the provisioD of ¢duration, treatment or couns¢lling of people who are affected by substance misus¢ andlor addiction and thetr famili&s. Grantmaking The Trnst tw5 established its grant making policy to achieve its objects for the public benefiL The Trustees have power to appty the Trnst Fund in the attainment of the Purpos of the TNst and that to such an extent as they may frorn time to time thiuk fit and. in50f as aY such income is not utilised in any one year il shall be retained by the Tntstees and used in the following ycar or years forth¢ purpose5 of the Trust and in furtheTance of this power the Trnstees shall: a) Invite by advertisement OA any webslte of the TnLSt and on local and community-based web51tes. writt¢n appli¢aiions for financial assistance. b) Convene meetings of the Tnjstees on a minimum of one occasion in each year io ¢onsider any such written applications an¢ if nece554ry. call for further representation from any applicant. ) Deterniine whether to make any grant frr)m the Trust Fund to ony applieaiion and, of so, whether any grant shall be repayable or non-repayable ACHIEVEMENTS AND PERFORIWCE Charitsble activities Th¢ Trust maintained and improved its oveTrll financial position and a grant of £710 was &wded during the year wider report. FINANCIAL REVIEW Reserves pvliey The charity has mininwl operational expenses and sulTicient liquid fijnds are held to adequately cover ongoing exp¢nditure and ally unforeseen operational costs. In addition, the availability of fvnds is carefully considered before any grant Awards made. The balance of bank deposits at the year end totalled £66.345 which provided cover over 10 iimes the reported outlays ofthE year. FUTURE PLANS The trustees aim to continue to provide grant as$i5tance to worthy causes in furtherance of ihe obJectiS of the Tnjst. STRUCTURE, GOVERNANCE AND MANAGEMEprr GoverDing doeument The charity is controlled by its governirng documenL a dttd of tsust and constitutes aD unin¢oTPQrnted charity. Page I
ThE WHITEHtIL TRusr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2026 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk mgnigement The trustE¢5 have a duty to identify 2nd review the Tisks to which the charity Is ¢xp05ed and to ensu appTopriate controis are in place to provtde r&¥onable as5wance against fraud and eor. The principal financial risk f¢d by the Trust lies in the perfornmnce of the invesimem rtfoliO which generates the core income for the Trn$L The tr4JStees wnsider the variability of investment rettwns and the uod¢rlying movement in the value of the investments to be the main financial risks to the operation of the ch8Jity. These iisks are JDitigated by retsining expert investment nwwers to professionally manage th¢ portfolio and by havin8 div5¢ investment trfirtfolio. REFERENCE AND ADMIIYISTRATIVE DETAILS Regbtrr¢d Charity number SC040475 PriDclpal addre5$ 11-13 Broad Street Peterhead Aberdeenshire AB42 IHY Trustees A Allan D Gibb S Swales Ms L Mcwhinni¢ Ms M Hislop Independent Ex#miner GoldwE115 Lid Goldwe115 House Grange Road P¢tethead Aberdeenthire AB42 IWN Approved by order of the board of tntst¢e5 on 4th May 2026 and signed on its behalf by.. S Swales- Tnee Page 2
INDEPEtIDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WHITEHltL TRUST Indepettdent examiller's report to the trustees of The Whitehill Trust I report to the ¢hlty tswstees on my examination of the ac¢ounts of The Whitehill Trust (the Tnt) for the year ended 31$t March 2026. Responslbilities and basis of report As the charity lrnstees of the Trust you are r¢spon5ible for the preparation of th¢ accounts in accordance with the requirements of the Charities Act 2011 Cthe Act,). r report in respect of my examination of the Tn$ a¢rounts caled under S¢ction 145 of the A¢1 and in caThying out my &Yamination I have followed all appli¢able DirectiODS given by the Charity Commission under Section 145(5Xb) of the A¢t. Indepertdent exgMlneWs stAtement J have compl¢ted my examination. I confm that no llmlerial matters have come to my attention in connection with the examination giving me cae to believe that in any material respecL' unting records We not kept in respect of the Tntst as required by Section 130 of the Ac¢ or the accounts do not accord with those record5; or the accounts do not comply with the appltcable wutrements COncerng the forn and Conte of accounts set ollt in tt Charities (Accounts and Report8) Re8ulation5 2008 other than any requirement that the accounts give a true Lnd fair view which is no¢ a matter considered as part of on independent examination. I have no concern5 and have come acros5 no other matteTS in conn¢ction with the examination to whi¢h attention should be drawn in this report in order to ¢nable a proper und¢TStanding of th¢ ¥counts to be rea¢he(L Gary Addison Goldwells Ltd Goldwells Hous¢ Grange Road P¢terhead Aberdeenshir¢ AB42 1 WN 4th May 2020 Page 3
THE WHITEHILL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2026 2026 Unr¢stricÉ¢d fvnd 2025 Total fimds Notes llYCOME AND ENDOWMEI¥TS FROM Investment in¢ome 9,476 10.809 EXPENDITURE ON Raising fimds 1,938 2,430 Charltsble a¢tlvlties Grants awdrded 710 1,980 Other 3T2 354 Tot 3,020 4.764 Net gains on investments 21,088 5,129 NET tNCOME 27,544 11,174 RECONCILIATION OF FufqDS Total fiLnd5 brought fonvard 308,186 297.012 TOTAL FUNDS CARRIED FORWARD 335,730 308,186 The note5 ftirm part ofth¢5¢ fmancial statements Page 4
THE WHITEHILL TRUST BALANCE SHEET 31ST MARCH 2026 2026 2025 Total funds Unrestricted fimd Note5 CURREiYf ASSETS Investments Cash at bank 269,785 66,345 253,458 55.128 330.130 308,586 CREDITORS Amounts [1]ng due within one year 10 (400) (400) NET CURRENT ASSETS 335,730 308,186 TOTAL ASSETS LESS CURRENT LIABILrriES 335,730 308.186 NET ASSETS 335,730 308,186 FUNDS Unrestrlcted kljnds 335,730 308.186 TOTAL FUNDS 335,730 308,186 The f&nancial statements were approved by the Board of Tnjstees and authorised for IVe on 4th May 2026 and w¢r¢ signed on its behalf by: M Hislop- The tEp The ttotes fornl Part of these financial $tatem¢nts Page 5
THE WHITEHILL TRUST NOTES TO TAE FINANCiAL STATEftrIENTS FOR THE YEAR ENDED 31ST MARCH 2026 ACCOUNTING POLICIES Basis of prep4ring the fin#neiAI statements The fJnBncial statements of the charity, which 1$ a public benefit ¢ntity under FRS 102, have been prepar¢d in accordance with the Charities SORP {FRS 102) 'Ac¢ounting and Reporting by Charities.. Statem¢nt of Reconunended Practice appli¢able to charitle5 preparing their accoLmts in accordance with th¢ Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effeciii'e l January 2019),. Financial Reporting Standard 102 'The Financial Report£ Standard app]icable in the UK and Republic of Ireland, and the Charities Act 2011. The finallcial Statements have been prep2red under the his¢ori¢al cost ci)rtvention. Income All incom¢ 15 recognised in the Statement of Financial Activities once the charity has entttlement to the fids, it is probable that the income will be received and th¢ iunount can be mwured Teliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or consttuctive obligation conllnitting the charity to that expcnditllre, it is probable that a transfer of eeonornie benefils will bE TequiTed in settlement and the amoLll]t of the obligation can be measured reliably. Expenditwt is accounted for on an accruals basis and has been ¢las8ified und¢r headins5 that aggregate all cost related to the cate80ry. Where costs cannot be directly attributed to panicular h¢adings they have been allocated to activities on a blS consistent with th¢ we of resources. Grants offered Subje to conditions which have not b¢En met at the year end date ar¢ noted as a commithlent but not accrued as expenditure. Taxation The Charity is exempt from tax on its charitable activitie5. Fund &¢¢ouuting Unrestricted fid$ Can be used in accordance with the choritable objectives at th¢ discretion of the trnsteeg. Restrict¢d fi19 can only be used for particular restricted pu]poses within the objects of the charity. RestriGtions oJise when spe¢ified by the donor or when fijnds are rdised forpartlcular restrict¢d PUTP05es. Funher expla1tion of the natsre and pw)ose of each fijnd is tncluded in the llotes to the fula] statements. INVEsfMENT INCOME 2026 2025 Nei Bank Interest tnterest received Dividend5 448 2,719 6,309 714 4,568 5,527 9,476 10,809 Pa8¢ 6 conttnued...
THE WHITEHILL TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2026 RAISING FUNDS Other trAdlDg aetivitles 2026 2025 Invesknen¢ management costs 1.938 2,430 CHARITABLE ACTIVITIES COSTS Grant fiwding of activities (see note 5) Grants awarded 710 GRANTS PAYABLE 2026 2025 Grants awarded 710 1.980 SUPPORT COSTS Governance costs Other re8ources expended 372 TRIJSTEES, REMiJNERATION AND BENEFITS There wer¢ uo trustees, remulleration or other benefit5 for the year ended 3 Ist March 2026 nor for the year •)ded 31st March 2025. Tntste¢$' ¢xpEnses There were no tmstees, expenses paid for the year ended 3 ISL March 2026 nor for the year ended 315t March 2025. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWhlENTS FROM Investment income 10,809 EXPENDITURE ON Raising fimds 2,430 Ch4ritable aetlvltles Grants awarded ,980 Other 354 Total 4,764 Page 7 ontÉnued...
THE WHrrEHILL TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR Ef4DED 31ST MARCH 2026 COMPARATNES FOR THE STATKMENf OF FINANCIAL ACTIVITIFS- ¢ontlRued UnT¢5tricted fi]nd Net gain5 on tnv¢stments 5.129 NET INCOME 11,174 RECONCILIATION OF FUNDS Total funds brought forward 297,012 TOTAL FUIYDS CARRIED FORWARD i08.186 CURRENT ASSET INVESTMENTS 2026 2025 Social Investments 269,785 253,458 io. CREDITOIiS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2025 Other creditors 400 400 ii. MOVEMENT IN FUNDS Net movernent in funds At 31.3.26 At 1.4.25 Unrestrkted fund$ General fund 308,186 27,544 335.730 TOTAL KUIIIDS 308,186 27,544 335,730 Net movement in fimds, included in the above are a5 follows: Incomll resources Kesources expended Gain5 and 10gS¢S Movement tn funds Unrestricted funds General fund 9,476 (3,020) 21,088 27,544 TOTAL FUIYDS 9.476 {3,020) 21.088 27,544 Page 8 continued...
THE WHITEHILL TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST lIRCH 2026 ii. MOVEMENT IN FUNDS- ¢ontlnued Comparatlves for movement funds Net movement in fimds At 31.3.25 At 1.4.24 Unrestricted fuDd$ General ftmd 297,012 11,174 308.186 TOTAL FUNDS 297,012 11,174 308,186 C¢)mparative Aet movement in fi]nds. included in the above ue as follows: Incoming resources Resources Expended Gains and losses Movement in fimds Unrestrlcted funds General fijt 10.809 (4,764) 5,129 11,174 TOTAL FUNDS 10,809 (4,764) 5,129 11,174 A Current year 12 months and prioryear 12 month5 wmbined position is as follow5.. Net movement in funds At 31.3.26 At 1.4.24 Unrestricted funds Geueral fid 297.012 38,718 335,730 TOTAL FUNDS 297,012 38,718 335,730 A cUt year 12 month5 and prior year 12 months combined net movemeni in fiJnd4 included io the above are os follows.. Incoming resource5 Resources expended Gain5 and losse5 Movement it) fimds Unrestrleted funds General fijnd 20285 (7.784) 26,217 38,718 TOTAL FUTr4DS 20285 {7,784) 26,217 38,718 Page 9 continued...
THE WHITEHILL TRUST NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31ST MARCH 2026 12. RELATED PARTY DISCLOSURES There were no rela*d parry transactions for the year ended 3 1st March 2026. 13. SOCIAL INVESTMENTS UK Fixed Income Overse85 Fixed Incomc UK Equiti¢5 European Equities Florth American Equities Japanese Equiti¢s Far East & Australasian Equiues Overse&s Equitie5 Commercial Property AlÉernaiiv¢s Cash 33,659 62,787 27,019 13.306 51.614 18,105 10,411 24,164 6,775 20.003 1,942 Market Value oElnvesttneDt Portfolio as at 31 March 2026 269,785 Page 10
THE WHJTEHILL TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2026 2026 2025 INCOME AND ENDOWMENTS IDYestmellt Incomt Net Bank interest Interest recetved Dividends 448 2,719 6,309 714 4,568 5,527 9,476 10,809 TotAI iitcomlng re50ur¢e5 9,476 10.809 EXPENDITURE Other tradiRg activities Invesknent mallagemenl ¢osts 1,938 2.430 Charltable Aetivities Grants to institutions 710 1,980 Support eost$ Governance Costs Accountsn¢y and legal fees 372 354 Total resources expended 3,020 4,764 Plel Income before gains &nd losses 6.456 6.045 Realised reeognised gslns and lowe$ Realised gatnsl{losseb) on fixed asset investments 21.088 5.129 Net Ineom¢ 27.544 11,174 Thi5 page does not forni part of the statutory financial staiements Page 11