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THE MARIGOLD WHITTOME MEMORIAL TRUST Scottish Charity No: SC044257
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2025
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W03443.0001-AGME-09/02/2026
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= THE MARIGOLD WHITTOME MEMORIAL TRUST
8 GENERALFOR INFORMATIONTHE YEAR ENDED AND REPORT30TH SEPTEMBER OF THE TRUSTEES2025
ba The Trustees present their annual report and financial statements for the charity for the year ended 30th September 2025.
| Thestatements financialandstatementscomply with havethe beenCharity's preparedTrustinDeed, accordancethe Charw it hies theand accountingTrustee Investmentpolicies set(Scotland) out in NoteAct1 to2005, the financialthe
Foal7 ofCharities Recommended AccountsPractice (Scotland)applicableRegulationsto charities2006 (aspreparing amended)their financial and the Accountingstatements andin Reportingaccordanceby Charities:with the Financial Statement
Reporting Standard 102 applicable in the UK and Republic of Ireland (FRS 102) (second edition issued October 2019 and
Me effective 1 January 2019).
ie! Objectives and Activities
| Objectives of Trust The Trustees are directed in terms of the Trust Deed to pay or apply the Income or capital
of the Trust Fund for the benefit or furtherance of such one or more of the following purposes as
2 are charitable as the Trustees think fit:
| i)ii) theThe advancementpromotion of the of thestudy artsand andappreciationculture; of the art of music, through such means as the
- [|] Trustees decideof grants, bursaries, includingscholarshipsbut withoutand limitationprizes for through musicians the creation,and thosemaintenancepursuing education and fundingor
5 | trainingmusical inperformances; music and, in particular, violin playing, and the maintenance and promotion of public
iii) such other similar charitable purposes as the Trustees shall think fit.
The Trustees have power, for a period of twenty-one years from the date of the Trust Deed, to
= | accumulate some or all of the income generated and add the same to the capital of the Trust.
| The Trust has been founded by the settlors as a grant-giving Trust in memory of their late mother,
Mrs Marie Denne Whittome (Marigold), who was an exceptionally gifted violinist and a great lover
| of music. By adhering to the objectives of the Trust the Trustees aim to promote participation in and
the appreciation of music to as wide an audience as possible.
= The Trustees do not engage directly in charitable activities or projects. The main activity is
] grant-making.
a [|] frontBy supportline charitable of other charitiesactivities theof those Trusteesorganisations aim is to providecan be public benefitsustained. by ensuring that the
D Grant Making Policy The Trustees make distributions of income to other registered charities (whether in Scotland
or elsewhere in the UK) which come to their attention but may also make direct financial
| support available to talented individuals who are musicians or students involved in the arts and
culture, particularly music. The Trustees will themselves seek out suitable causes and at this stage,
D | no unsolicited applications will be encouraged but any received will be considered by the Trustees
on merit.
= Report on the Activities Nine donations totalling £38,695.00 were made to three Arts related organisations and six individuals
] of the Trust (2024 £45,933.10 to five organisations and five to individuals).
| Future Plans Theapproach Trusteesto an hopearts toeducation be able toestablishment support at leastfor twosuggestions cultural eventsfor suitably per annumtalented andstudents are considering who may an
benefit from an award from the Trust.
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a THE MARIGOLD WHITTOME MEMORIAL TRUST FOR THE YEAR ENDED 30TH SEPTEMBER 2025 hs) GENERAL INFORMATION AND REPORT OF THE TRUSTEES | Achievements and Performance yw Investment Policy In accordance with the Trust Deed the Trustees have the fullest powers available in relation and Performance to investments. During the year the Trustees decide to replace 7IM as investment managers g and have now engaged James Hambro & Partners. @ The Trustees policy is to secure long term growth with an emphasis being placed on income generation. yg It is hoped, though careful management, to produce capital returns in excess of the prevailing inflation rates with an income return in excess of 2.5% gross . = In the year to 30th September 2025 capital values have appreciated by 5.47% with gross income eg decreasing by 16.72%. =z evidencedCapital appreciationby unrealisedhas beengains primarilyof £302,819 attributedat the toaccount higher marketdate and pricesis despite at thenet yeardisposals end as of £42,473.09 to meet donations and expenses. 2 Income appreciation has been attributed to changes in the portfolio in both the current and . previous years. . | Financial Review Financial Report The Trust's ability to make meaningful donations is reliant on income and investment returns : | from its investment portfolio. Zz At the close of this account, investments havea fair value of £3,054,214.00 (2024 £2,895,887.86) and there are net current assets of £54,012.80 (2024 £6,667.09) giving total Zz closing funds of £3,108,226.80 (2024 £2,902,554.95), all of which is unrestricted. , During the year the Trust received income of £32,714.17 (2024 £38,015.25) and made donations z totalling £38,695.00 to three Arts related organisations and six to individuals (2024 total £45,933.10) e | Reserves Policy It is the policy of the Trustees to distribute the income of the Trust in the form of grants or donations. It is anticipated that, where possible, any surplus income at the close of the account would _ be so distributed in a following year. -_ As the Trust does not provide direct charitable services, the Trustees believe that normal expenditure can be met from income generated. The funds of the Trust are wholly unrestricted c | and are represented by a portfolio of investments and cash balances. The investments are managed ona discretionary basis by the investment managers. The Trustees have _ power to draw upon the investments in furtherance of the Trust's objectives whilst retaining sufficient funds to meet any commitments they may undertake. = As the assets of the Trust are held in a ready realisable form the Trustees do not therefore = consider it necessary to maintain specific reserves.
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2 Management
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=] THE MARIGOLD WHITTOME MEMORIAL TRUST
~ GENERALFOR INFORMATIONTHE YEAR ENDED AND REPORT30TH SEPTEMBER OF THE TRUSTEES2025
~\J Risk Management The Trustees have assessed the major risks to which the charity is exposed, in particular
! thoseare in relatedplace totomitigate the operationsour exposure and financto th e smajor of therisks. Trust and are satisfied that systems
v As the Trust relies on its investment returns in order to make its donations, the principal risk
faced by the Trust lies in the performance of its investments. The Trustees have mitigated this
wl by retaining investment managers to advise them and by having a diversified portfolio.
oJ Going Concern The Trustees have no material uncertainties as to the Trust's ability to continue as a going
concern.
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| Structure, Governance&Management | Structure, Governance&Management |
|---|---|
| FoundingDocument | DeedofTrustby TimothyRichardWhittome,DianaRuthWhittomeand ElisabethMary |
| Whittomedated4thSeptember2013. | |
| Appointment ofTrustees |
Theappointment ofnewtrustees isreserved totheSettlorsandthesurvivor(s)ofthemduring their lifetimeswhom failing the 'Family Trustees' (as defined in the Trust Deed) to the exclusion |
| ofthe Trustees' power ofassumption so long as they are capable of exercising such power. | |
| Decision Making | All Trustees are actively involved in the decision making process. Requests for funding |
| are reviewed bythe Trustees as they arise. | |
| Employees | TheTrusthas noemployees (2024 None).TheTrustees haveengaged Turcan Connell to undertake the administration ofthe Trust, remuneration for which is recorded in the |
| financialstatements. | |
| Management | AllTrusteesareactive inthemanagement oftheTrustandareconsidered tobethekey managementpersonnel. |
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4 THE MARIGOLD WHITTOME MEMORIAL TRUST | GENERALFOR INFORMATIONTHE YEAR ENDED AND REPORT30TH SEPTEMBER OF THE TRUSTEES2025
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a Reference and Administrative Details | A Scottish Charity SC044257 | Address Turcan Princes ed 1 Earl Grey Street
| Address Turcan Connell Princes Exchange ed 1 Earl Grey Street EDINBURGH ~ | EH3 9EE
Trustees Timothy Richard Whittome Elisabeth Mary Whittome Lindsay Ruth Sellers Advisers TurcanSolicitorsConnell Princes1 Earl Grey ExchangeStreet EH3EDINBURGH9EE
Advisers
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KevinIndependentCattanach ExaminerCA WhitelawChartered WellsAccountants 9Edinburgh, Ainslie PlaceEH3 6AT
Investment Managers Bankers James Hambro & Partners Bank of Scotland 6a Randolph Place New Uberior House Edinburgh 11 Earl Grey Street EH3 7TE Edinburgh EH3 9BN
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a THE MARIGOLD WHITTOME MEMORIAL TRUST | GENERALFOR INFORMATIONTHE YEAR ENDED AND REPORT30TH SEPTEMBER OF THE TRUSTEES2025 i Statementresponsibilities of Trustees’in Theaccordance Trusteeswith are responsibleapplicable law forand preparing theregulations. Report and Financial Statements in S| financialrespect ofstatements the The Charities and Trustee Investment (Scotland) Act 2005 and The Charities Accounts (Scotland) Regulations 2006 (as amended) require the Trustees to » | prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Trust and of its results for that period. “a In preparing those financial statements, the Trustees are required to follow best practice | and: | - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; y - make judgements and estimates that are reasonable and prudent; y = - staterecommended whether applicablepractice have accounting standardsbeen followed, subject and statementsto any departures of disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis, unless it is = inappropriate to assume that the Trust assume that the Trust that the Trust the Trust Trust will continue on on that basis. =] The above noted above noted noted legislation also requires the Trustees to be responsible for the Trustees to be responsible for Trustees to be responsible for to be responsible for be responsible for responsible for for keeping proper accounting records which disclose with reasonable accuracy y at any time the financial any time the financial time the financial the financial financial position of the trust to enable them the trust to enable them trust to enable them to enable them enable them them to ensure that the ensure that the that the the financial statements comply with the legislation. They are also responsible for : safeguarding the assets of the the Trust and hence for taking reasonable steps 2 for the the prevention and detection detection of fraud and fraud and and other irregularities. = Financial statements preparation e | Thehave Trusteesbeenhave Trusteesbeen Trusteesbeenbeen prepared confirmso th confirmso thso th th a ts thetos theto thetoto financialcomply with statementscurrent statutory for the yearrequirements, ended 30ththecomply with statementscurrent statutory for the yearrequirements, ended 30ththe with statementscurrent statutory for the yearrequirements, ended 30ththe statementscurrent statutory for the yearrequirements, ended 30ththecurrent statutory for the yearrequirements, ended 30ththe statutory for the yearrequirements, ended 30ththe for the yearrequirements, ended 30ththe the yearrequirements, ended 30ththe yearrequirements, ended 30ththerequirements, ended 30ththe ended 30ththe 30ththethe September 2025 Charity SORP and the Trust's own governing document. Approved by the Trustees and typesigned on their behalf zy ADT Mak, IDLE Date = FE faoaote A Gow ittowS Trustee = arise h olay Whee tome Trustee Name
| ) \
- prepare the financial statements on the going concern basis, unless it is inappropriate to assume that the Trust assume that the Trust that the Trust the Trust Trust will continue on on that basis. The above noted above noted noted legislation also requires the Trustees to be responsible for the Trustees to be responsible for Trustees to be responsible for to be responsible for be responsible for responsible for for keeping proper accounting records which disclose with reasonable accuracy at any time the financial any time the financial time the financial the financial financial position of the trust to enable them the trust to enable them trust to enable them to enable them enable them them to ensure that the ensure that the that the the financial statements comply with the legislation. They are also responsible for safeguarding the assets of the the Trust and hence for taking reasonable steps for the the prevention and detection detection of fraud and fraud and and other irregularities. Financial statements preparation Thehave Trusteesbeenhave Trusteesbeen Trusteesbeenbeen prepared confirmso th confirmso thso th th a ts thetos theto thetoto financialcomply with statementscurrent statutory for the yearrequirements, ended 30ththecomply with statementscurrent statutory for the yearrequirements, ended 30ththe with statementscurrent statutory for the yearrequirements, ended 30ththe statementscurrent statutory for the yearrequirements, ended 30ththecurrent statutory for the yearrequirements, ended 30ththe statutory for the yearrequirements, ended 30ththe for the yearrequirements, ended 30ththe the yearrequirements, ended 30ththe yearrequirements, ended 30ththerequirements, ended 30ththe ended 30ththe 30ththethe September 2025 Charity SORP and the Trust's own governing document.
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THE MARIGOLD WHITTOME MEMORIAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
| report on the accounts of the Trust for the year ended 30th September 2025, which are set out on pages 8 to 14.
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 & Trustee Investment (Scotland) Act 2005 ("the Act") and the Charities Accounts (Scotland) Regulations 2006 (as amended) (" the Regulations"). The charity Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 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 report EI My examination is carried out in accordance with Regulation 11 of the Regulations. a An examination includes a review of the accounting records kept by the charity and a comparison of the -_| theaccounts presentedaccounts, and seeks with thoseexplanations records.fromIt alsoyou includesas Trusteesconsiderationconcerning ofany anysuch unusualmatters.itemsThe or disclosuresprocedures in =| expressundertakenan doaudit not provide opinion onallthe theview evidencegiven thatby the wouldaccounts. be required in an audit, and consequently | do not g Independent examiner's statement 3 In the course of my examination, no matter has come to my attention : 3 1) which gives me reasonable cause to believe that in any material respect the requirements : 3 - to keep accounting records in accordance with Section 44 (1)(a) of the Act and Regulation 4 of the Regulations; and a - to prepare accounts which accord with the accounting records and comply with Regulation 8 of the Regulations. a have not been met; or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the a accounts to be reached. Signed: fos Ga Date: 10 March 2026 Kevin Cattanach CA | Whitelaw Wells Chartered Accountants a 9 Ainslie Place EDINBURGH 8 EH3 6AT
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THE MARIGOLD WHITTOME MEMORIAL TRUST
BALANCE SHEET AS AT 30th SEPTEMBER 2025
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|Notes|2025|2024|
|a|
|a|
|Fixed|Assets|
|a|Investments|4|3,054,214.00|2,895,887.86|
|a|Current Assets|
|5|||Cash on deposit|59,172.80|14,867.09|
|a|
|a|[|]|Liabilities|59,172.80|14,867.09|
|Creditors:|amounts|falling|due|within|twelve|months|2|(5,160.00)|(8,200.00)|
|a|ee|
|a.|||Net Current Assets|54,012.80|6,667.09|
|2|Net Assets|3,108,226.80|2,902,554.95|
|a|||The funds|of the charity|
|||Unrestricted|funds|3,108,226.80|2,902,554.95|
|5|||TS|
|Total|Charity|Funds|3,108,226.80|2,902,554.95|
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|The|notes|on|pages|10|to|14 form|part|of these|financial|statements.|
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Approved by the Trustees and typesigned on their behalf
ATE Mas oly 2926 Date e lignuots 4. AKAwe Trustee Elisabeth oA a Nhittome Trustee Name
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THE MARIGOLD WHITTOME MEMORIAL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2025
| Total | |||
|---|---|---|---|
| Note | 2025 £ |
2024 £ |
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| Incomeandendowments from: | |||
| Investments | 5 | 32,714.17 | 38,015.25 |
| Total Income | 32,714.17 | 38,015.25 | |
| Expenditureon: | |||
| Raising funds | |||
| Investment Management Charges | 7 | (21,562.78) | (20,344.61) |
| Charitable Activities | |||
| Donations Support and governance costs |
3 8 |
(38,695.00) (18,594.00) |
(45,933.10) (13,998.00) |
| Totalexpenditure | (78,851.78) | (80,275.71) | |
| (46,137.61) | (42,260.46) | ||
| Netgainson investments | 4 | 251,809.46 | 349,926.23 |
| Net Income and Movement in Funds | 205,671.85 | 307,665.77 | |
| Balance as at 30th September 2024 | 2,902,554.95 | 2,594 ,889.18 | |
| Balanceasat30thSeptember2025 | 3,108,226.80 | 2,902,554.95 |
The notes on pages 10 to 14 form part of these financial statements.
All funds are unrestricted and all results are from continuing operations in both the current and previous years.
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x THE MARIGOLD WHITTOME MEMORIAL TRUST x) FORNOTESTHE YEAR TO THEENDED FINANCIAL30TH SEPTEMBER STATEMENTS2025 | 1 Accounting Policies ad a) Financial statements preparation The financial statements have been prepared under the historical cost convention with re) cost or transaction or transaction value unless otherwise otherwise stated in the relevant note(s) to these to these these accounts. statements have been prepared in accordance with the : Accounting and Reporting by of Recommended Practice applicable to charities preparing their financial statements = the Financial Reporting Standard applicable in the United Kingdom and Republic of cS applicable(second editionin(second editionin editioninin the issuedUnited OctoberKingdom 2019and andRepublic effectiveof issuedUnited OctoberKingdom 2019and andRepublic effectiveofUnited OctoberKingdom 2019and andRepublic effectiveof OctoberKingdom 2019and andRepublic effectiveofKingdom 2019and andRepublic effectiveof 2019and andRepublic effectiveofand andRepublic effectiveof andRepublic effectiveofRepublic effectiveof effectiveofof Ireland11 January(FRS 2019)102), andthe theCharities Financialand(FRS 2019)102), andthe theCharities Financialand 2019)102), andthe theCharities Financialand102), andthe theCharities Financialand andthe theCharities Financialandthe theCharities Financialand theCharities FinancialandCharities Financialand Financialandand ReportingTrustee
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction or transaction value unless otherwise otherwise stated in the relevant note(s) to these to these these accounts. The financial statements have been prepared in accordance with the : Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) applicable(second editionin(second editionin editioninin the issuedUnited OctoberKingdom 2019and andRepublic effectiveof issuedUnited OctoberKingdom 2019and andRepublic effectiveofUnited OctoberKingdom 2019and andRepublic effectiveof OctoberKingdom 2019and andRepublic effectiveofKingdom 2019and andRepublic effectiveof 2019and andRepublic effectiveofand andRepublic effectiveof andRepublic effectiveofRepublic effectiveof effectiveofof Ireland11 January(FRS 2019)102), andthe theCharities Financialand(FRS 2019)102), andthe theCharities Financialand 2019)102), andthe theCharities Financialand102), andthe theCharities Financialand andthe theCharities Financialandthe theCharities Financialand theCharities FinancialandCharities Financialand Financialandand ReportingTrustee StandardInvestment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The Trust constitutes a public benefit entity as defined by FRS102.
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The financial statements have been prepared on a going concern basis. The Trustees have assessed the Trust's
abilityto continue to continuein operational as a goingexistence concernfor and the haveforeseeable reasonablefuture, expectationthus theythatcontinue the Trustto adopt has adequatethe going resourcesconcern
basis of accounting in preparing the financial statements.
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b) Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction
value and subsequently measured at their fair value at the balance sheet date. The Statement of
Financial Activities includes the net gains or losses arising on revaluation and disposals throughout
the year.
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Fair value revaluation of the portfolio at the account date is done at either mid market price or bid price depending on the nature of the investment.
c) Gains and losses
=
All gains or losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses are calculated as the difference between the sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised gains and losses are combined in the Statement of Financial Activities.
d) Income
Investment income is included in the financial statements in the year in which the Trust becomes entitled to it, im} it can be reliably determined and there is probability of receipt. Donations are included in the financial statements together with associated gift aid, where im applicable, when the Trustees have been advised of the donation with notification of both amount and intended settlement date. | e) Expenditure P| constructiveExpenditure isobligation includedexists,in the financialthe sums stp a yabletementca o n anbe accrualsreliably me b as isured andand recognisedthere is inprobability full as soon as a of payment.
f) Cost of raising funds D | Investment management charges are included on an accruals basis and recognised in full as soon as a constructive obligation exists. ay a | P| PS |
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THE MARIGOLD WHITTOME MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2025
g) Supportand governance costs Support costs are the costs associated with the direct management of the charity.
Governance costs are the costs of compliance with the statutory and regulatory requirements of the charity.
Fees charged by Turcan Connell for legal and accounting services are included in the financial statements as follows:
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! SupportGovernance (Legal(Accountancy and AdministrativeCosts) -Costs) 40% - 60%
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These are recorded in support and governance costs in the Statement of Financial Activities.
Independent examination fees are recorded in support and governance costs in the Statement of Financial Activities.
All other support and governance costs are recorded in the Statement of Financial Activities as appropriate.
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As the charity does not provide services directly but by way of grants to other organisations, support and governance costs are not allocated against individual grants or donations.
h) Grants
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Grants payable are payments to third parties in furtherance of the charitable objects of the Trust. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award.multi-year Thegrant.notificationGrant awardsgives thethat recipientare subject a reasonableto the recipientexpectationfulfilling thatperformance they will receive theconditions one-yearare or onlyattaching accruedto that whengrant the recipientis outside hasof the beencontrol notifiedof the of theTrust. grant and any remaining unfulfilled condition
] Grants authorised to be paid in respect of the accounting year or future years are provided for in the financial statements. | i) VAT | The Charity is not registered for VAT purposes and all VAT incurred is therefore irrecoverable. Where applied, VAT is included as part of the expense.
! j) Foreign Exchange Some investment assets are traded in foreign currencies. These are translated into sterling at the rates of | exchange ruling at the balance sheet date, with any gain or loss reflected within Unrealised Gains/(Losses) on Investments. Income received in foreign currencies is held in an appropriate currency account but is } recognised in the financial statements on the date it is receivable and translated into sterling at the rate of exchange ruling at the date of transaction. Gains or losses on the subsequent conversion are included as other investment income or other support costs as necessary.
| 2 Creditors 2025 2024 £ £ } Amounts due in less than twelve months Turcan Connell, provision for fee 1,000.00 1,000.00 | Whitelaw Wells, Independent Examination fee 960.00 960.00 James Hambro & Partners, Investment Management fee 3,200.00 3,200.00 ] Calum Macphail - 3,040.00 } 5,160.00 8,200.00
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THE MARIGOLD WHITTOME MEMORIAL TRUST FORNOTESTHE YEAR TO THEENDED FINANCIAL30TH SEPTEMBER STATEMENTS2025
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3 Charitable activities
| Charitable activities | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| Grants and donations | ||
| Arts Culture and Heritage | ||
| Organisations | ||
| TheTunnell Trust Cantilena Festival on Islay |
6,000.00 5,000.00 |
6,000.00 5,000.00 |
| ChamberMusic ToursScotland National Youth Choir of Scotland |
2,500.00 - |
2,500.00 3,000.00 |
| Scottish Ballet | - | 5,000.00 |
| Individuals | ||
| Calum Kerr | 695.00 | 614.00 |
| CalumM Blair Ali Levack Music |
5,000.00 8,500.00 |
4,100.00 - |
| GrahamMackenzie egor Koziel |
2,500.00 3 |
- - |
| Molly Gribbon | 5,000.00 | - |
| JackArchibald | - | 4,630.00 |
| Calum MacPhail | - | 11,940.00 |
| GregorEDowall | - | 3,149.10 |
| 38,695.00 | 45,933.10 |
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THE MARIGOLD WHITTOME MEMORIAL TRUST FORNOTESTHE YEAR TO THEENDED FINANCIAL30TH SEPTEMBER STATEMENTS2025
THE 30TH 2025
4 Investments
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|Investments|2025|2024|
|£|£|
|Fair|value|of investments|at|30/09/24|2,895,887.86|2,576,536.00|
|Add|
|Investments|purchased|595,595.16|757,473.11|
|Less|
|Investments|sold|(689,078.48)|(788,047.48)|
|2,802,404.54|2,545,961.63|
|Net realised|gains/(losses)|(51,009.93)|19,189.10|
|Unrealised|gains/(losses)|on|revaluation|302,819.39|330,737.13|
|251,809.46|
|Fair value of investments|at 30/09/25|3,054,214.00|2,895,887 .86|
|Held Thus:|£|%|
|UK|Equities|315,347.00|10.32|
|North|America|Equities|1,208,943.00|39.59|
|European|Equities|255,463.00|8.36|
|Japanese|Equities|98,926.00|3.24|
|Asia Pacific|Equities|183,687.00|6.01|
|Global|Equities|104,760.00|3.43|
|AlternativeFixed|InterestInvestments|426,335.00297,514.00|13.979.74|
|Commodities|163,239.00|5.34|
|TT3,054,214.00|100.00|
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All investments are listed on a recognised stock exchange and are held within the UK. The main risk to the Trust from financial instruments lies in the volatility of the markets. The Trust’s investments are mainly traded in markets with good liquidity and high trading volumes. The Trust has no material investment holdings in markets subject to exchange controls or trading restrictions.
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|The|Trust|manages|these|investment|risks|by|retaining|expert|advisors|and|operating|an|investment|policy|that|
|provides|for a|high|degree|of diversification|of holdings|within|investment asset|classes|that|are quoted|on|
|recognised|stock|exchanges.|
|5 Investment|income|2025|2024|
|Dividends|and|Interest|30,870.83£|37,069.90£|
|Bank Interest|1,843.34|945.35|
|32,714.17|38,015.25|
|6|Trustee|expenses|and|related|party transaction|
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No fees or expenses have been paid to the Trustees (2024 NIL). All Trustees act gratuitously. The Trustees are the key management personnel of the charity. There were no related party transactions during the year.
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| I | THEMARIGOLDWHITTOMEMEMORIAL TRUST | ||||
|---|---|---|---|---|---|
| ] | NOTESTOTHEFINANCIALSTATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |
||||
| ] | 7 | Costof raising funds | 2025 | 2024 | |
| £ | £ | ||||
| y | Investmentmanagementfees | 21,562.78 20,344.61 _======a""»======[]j[=___== |
|||
| J | 8 | Supportandgovernancecosts | 2025 £ |
2024 £ |
|
| Supportcosts | |||||
| Legal and administration | 10,580.40 | 7,822.80 | |||
| } | Governance costs | 10,580.40 | 7,822.80 | ||
| Accountancy | 7,053.60 | ||||
| Independentexaminer's fee | 960.00 | 8,013.60 | |||
| J | OT 18,594.00 13,998.00 |
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