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← The James Sim Trust

2025-08-04-accounts

APPENDIX 1

OSC r

Trustees’ Annual Report for the period Trustees’ Annual Report for the period Trustees’ Annual Report for the period Trustees’ Annual Report for the period Trustees’ Annual Report for the period Trustees’ Annual Report for the period Trustees’ Annual Report for the period Trustees’ Annual Report for the period

Period start date
Period end date
Day Month Year Day Month Year
From 05 August 2024 To 04 August 2025

Office of the Scottish Charity Regulator

Reference and administration details

Charity name The James Sim Trust Other names charity is known by Registered charity number SC041894 Charity’s principal address Ludlow Trust Company Limited 1[st] Floor, Tower Wharf Cheese Lane Bristol Postcode BS2 0JJ

Names of the charity trustees on date of approval of Trustees’ Annual Report

Trustee name Office (if any) Dates acted if
not for whole year		 Name of person
(or body) entitled to
appoint trustee (if any)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18		 Ludlow Trust Company Limited

Reference and administration details

1

APPENDIX 1

Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)

Name Name Dates acted if not for whole year
Structure, governance and management
Type of governing document
Trustee recruitment and appointment
Deed of Trust dated 04 August 2010.
New trustees are appointed by the existing trustees.
Objectives and activities
Charitable purposes
Summary of the main activities
in relation to these objects
The charity’s objects are:
1) The saving of lives;
2) The provision of recreational facilities, or the organisation of
recreational activities, with the object of improving the conditions of life
for the person for whom the facilities or activities are primarily intended,
and only to recreational facilities or activities which are: ·
•
Primarily intended for persons who have need of them by reason
of age, ill health, disability, financial hardship or other
disadvantage ·
During the year under review the charity made grants in furtherance of
the objects above for the public benefit.

In determining the activities undertaken the trustees have had regard to
the Office of Scottish Charity Regulator’s guidance on public benefit.

2

APPENDIX 1

Achievements and performance

Summary of the main achievements
of the charity during the financial
period		 During the year the charity made the following grants:
•
Forth Valley Rape Crisis £5,000.00
•
Woodgreen Pets Charity £1,000.00
•
World Vision UK £20,000.00

Financial review

Brief statement of the charity’s policy
on reserves
Details of any deficit
Donated facilities and services (if any)		 At the end of the accounting year the charity had free reserves
amounting to £3,102 (2024: £15,779).
In addition to the free reserves the charity has bank balances of
£146,910 (2024: £149,139) and investments of £676,319 within the
expendable endowment fund.

The Trustees pursue a policy of maintaining a free reserve available to
be spent in the furtherance of the charity’s objectives, as well as
covering future needs, opportunities, contingencies and risks.
No funds in deficit
None

APPENDIX 1

Other optional information

3

Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Chris Thurlow Position (e.g. Chair) On behalf of Ludlow Trust Company Limited (Trustee)

Date 18 March 2026

4

Enter SC No. below

APPENDIX 2

Enter charity name below

SCO41894

The James Sim Trust

Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts Receipts andpayments accounts
Period start date Period end date Period end date
For the period
from		 05
Day		 August
Month		 2024
Year		 to Day
04		 Month
August		 Year
2025
Section A Statement of receipts and payments
Unrestricted
funds		 Restricted
funds		 Expendable
endowment
funds		 Permanent
endowment
funds		 Permanent
endowment		 Total funds
current period		 Total funds last
period		 Total funds last
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
A1 Receipts
Donations - - - - 150,000
Legacies - - - -
Grants - - - -
Receipts from fundraisingactivities - - - -
Gross tradingreceipts - - - -
Income from investments other than
land and buildings 12,860 12 12 12 12,860 17,367
Rents from land & buildings - - - -
Gross receipts from other charitable
activities - - - -
Bank interest 7,083 - - - 7 7 7 7,083 5,550
A1 Sub total A1 Sub total 19,943 - - - - - - - - - - - 19,943 19,943 19,943 19,943 172,917
A2 Receipts from asset & A2 Receipts from asset &
investment sales
Proceeds from sale of fixed assets
-
Proceeds from sale of investments
216,921
216,921
612,985
A2 Sub total -
-
216,921
-
216,921
612,985
Total receipts 19,943
-
216,921
-
236,864
785,902
A3 Payments
~~—=——~~
Expenses for fundraising activities - - - -
Gross trading payments - - - -
Investment management costs 3 3 3,065 3 3 3 3,065 2,838
Trust management fees 6,847 6 6 6 6,847 6,832
Grants and donations 26,000 26 26 26 26,000 26,000
Bank charges - - - -
Cash management fees 296 296 296 296 296 296 241 241
Governance costs:
- - - -
Audit / independent examination 180 180 180 180 180 180 780 780
Preparation of annual accounts 600 600 600 600 600 600
Legal costs Legal costs - - - -
Other Other
- - - -
- - - -
A3 Sub total **A3 Sub total ** 33,923 - - - - 3,065 3,065 3,065 - - - - 36,988 36,988 36,988 36,988 36,691
A4 Payments relating to asset and
investment movements
Purchases of fixed assets
-
Purchase of investments
214,782
214,782
607,911
A4 Sub total -
-
214,782
-
214,782
607,911
Total payments 33,923
-
217,847
-
251,770
644,602
Net receipts / (payments)
13,980)
(
-
926)
(
-
14,906)
(
141,300
A5 Transfers to / (from) funds
1,303
1,303)
(
-
Surplus / (deficit) for year
12,677)
(
-
2,229)
(
-
14,906)
(
141,300
~~SSSSS=~~
~~——————~~

APPENDIX 2

SCO41894

The James Sim Trust

Section B Statement of balances Section B Statement of balances
Categories Details Unrestricted
funds		 Restricted funds
Expendable
endowment
funds		 Permanent
endowment
funds		 Total current
period		 Total last period Total last period
to nearest £ to nearest £
to nearest £		 to nearest £ to nearest £ to nearest £
B1 Cash funds 15,779
149,139
164,918
23,618
12,677)
(
2,229)
(
14,906)
(
141,300
-
-
3,102
-
146,910
-
150,012
164,918
Surplus / (deficit) shown on receipts and
payments account
Cash and bank balances at end of year
Cash and bank balances at start of year
~~==sS====~~
(Agree balances with receipts and payments
account(s)) - - -
-
-		 - -
-		 - - -
-		 -
Details Fund to which asset belongs Fund to which asset belongs Market valuation Last year
to nearest £ to nearest £
B2 Investments 676,319
628,961
Total
676,319
628,961
RBSInvestment portfolio
Expendable Endowment
~~===~~		 628,961
628,961
Details Fund to which asset belongs Cost (if available) Current value (if
available)		 Last year
to nearest £ to nearest £ to nearest £
B3 Other assets Total
-
-
-
~~ue~~
Details Fund to which liability relates Fund to which liability relates Amount due Last year
to nearest £ to nearest £
B4 Liabilities Total
-
-
~~===~~		 -
Details Fund to which liability relates Fund to which liability relates Amount due
(estimate)		 Last year
to nearest £ to nearest £
Signed by one or two trustees
on behalf of all the trustees
B5 Contingent liabilities		 Total
-
-
Date of
approval
Signature
Print Name
Chris Thurlow on behalf of Ludlow Trust Company Limited (Trustee)
~~18 March~~2026
~~——~~
BS Updated The James Sim Trust - Draft Receipts and Payments Account 2025 / Statement of balances BS Updated The James Sim Trust - Draft Receipts and Payments Account 2025 / Statement of balances BS Updated The James Sim Trust - Draft Receipts and Payments Account 2025 / Statement of balances
2		 BS Updated The James Sim Trust - Draft Receipts and Payments Account 2025 / Statement of balances December 2007

APPENDIX 2

The James Sim Trust

SCO41894

Section C Notes to the Accounts

C3a Trustee remuneration
C4a Trustee expenses
C4b Trustee expenses -
details
C6 Other information
C5 Transactions with trustees
and connected persons
C3b Trustee remuneration -
details
C1 Nature and purpose of
funds(may be stated on
analysis of funds worksheets)
C2 Grants		 Expendable endowment funds are those which are required to be invested to produce income but which may be
transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the
charity's objectives.
Unrestricted income funds are available for use at the discretion of trustees in furtherance of the general objectives of the
charity and which have not been designated for other purposes.		 Expendable endowment funds are those which are required to be invested to produce income but which may be
transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the
charity's objectives.
Unrestricted income funds are available for use at the discretion of trustees in furtherance of the general objectives of the
charity and which have not been designated for other purposes.		 Expendable endowment funds are those which are required to be invested to produce income but which may be
transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the
charity's objectives.
Unrestricted income funds are available for use at the discretion of trustees in furtherance of the general objectives of the
charity and which have not been designated for other purposes.		 Expendable endowment funds are those which are required to be invested to produce income but which may be
transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the
charity's objectives.
Unrestricted income funds are available for use at the discretion of trustees in furtherance of the general objectives of the
charity and which have not been designated for other purposes.		 Expendable endowment funds are those which are required to be invested to produce income but which may be
transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the
charity's objectives.
Unrestricted income funds are available for use at the discretion of trustees in furtherance of the general objectives of the
charity and which have not been designated for other purposes.
Type of activity or project supported Individual /
institution		 Number of grants made
£
Total -
If no remuneration was paid during the period to any charity trustee or person connected to a
trustee cross this box (otherwise complete section 3b)		 X
Authority under which paid £
If no expenses were paid to any charity trustee during the period then cr
complete section 4b)		 oss this box (otherwise X
Cash managementfees
Trust management fees (VAT
inclusive)
Nature of transaction		 Number of trustees £

Ludlow Trust CompanyLimited
Ludlow Trust CompanyLimited
Nature of relationship		 Transaction amount (£) Balance outstanding at
period end(£)
6,847 0
296 0

BS Updated The James Sim Trust - Draft Receipts and Payments Account 2025 / Notes3

December 2007

Independent Examiner's Report to the Trustees of The James Sim Trust

I report to the charity trustees on my examination of the accounts of the company for the year ended 04 August 2025

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations;

  3. and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations;

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Date 18 March 2026