Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
Scottish Charity No SC044534
## **THE VOLVOX TRUST**
**TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2025**
Brodies LLP Brodies House 31-33 Union Grove Aberdeen AB10 6SD T: 01224 392 242
Ref: MSTE.CEF.COB.VOL0020
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
## **Reference and Administration Information**
**Scottish Charity Number** SC044534
## **Contents**
|**tents**||
|---|---|
||**Page**|
|Reference and Administrative Information|1|
|Annual Report of the Trustees|2-4|
|Independent Examiner's Report to the Trustees|5|
|Statement of Receipts and Payments|6|
|Statement of Balances|7|
|Notes to the Financial Statements|8-15|
## **Trustees**
Michael Warren Brodies & Co. (Trustees) Limited William Thomas David Stanley David Charlton
## **Registered Office, Solicitors, Secretaries & Treasurers**
Brodies LLP Capital Square 58 Morrison Street Edinburgh EH3 8BP
## **Bankers**
Royal Bank of Scotland St Andrew Square Edinburgh EH2 2AD
## **Investment Managers**
RBC Brewin Dolphin 144 Morrison Street Edinburgh EH3 8EX
## **Independent Examiner**
Neil Ritchie CA Brodies LLP Capital Square 58 Morrison Street Edinburgh EH3 8BP
1
Brodies
. Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **ANNUAL REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
The trustees present their report along with the financial statements for the year ended 31 December 2025.
## **Structure, Governance and Management**
## _**Establishment of trust**_
The trust was established by deed of trust dated 9 September 2013. The trust is administered in accordance with the terms of the trust deed.
## _**Trustee meetings and appointment**_
New trustees are appointed by the existing trustees, and are briefed on the trust's aims, objectives, grant making policy and purposes. At the bi-annual trustees' meetings, the trustees agree the broad strategy and areas of activity for the trust, including consideration of grant making, investment, reserves and risk management policies and performance.
## _**Risk management**_
The trustees have assessed the risks to which the trust is exposed, in particular those related to the operations and finances of the trust and are satisfied that systems are in place to mitigate exposure to major risks. The trustees consider variability of investment returns as one of the major risks, and therefore the trust uses the services of RBC Brewin Dolphin as investment advisers. The policy is to look for a balance of income and capital growth with a medium risk profile and medium priority for income generation.
## **Objectives and Activities**
## _**Trust purposes**_
The purpose of the charitable trust is to generate income from investments to support such purposes as detailed in the trust deed:
1. the advancement of animal welfare;
2. the advancement of Christian religion;
3. the relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage (including relief given by the provision of accommodation or care);
4. such other purposes as are charitable.
The trustees may distribute income and capital for these purposes. The trustees have wide powers of management and administration. The trustees may during the 21 years from the date of the trust deed accumulate the income of the trust and add it to the capital of the trust fund.
## _**Grant making policy**_
Grants will be awarded in accordance with the objectives set out in the trust purposes above. The trustees' policy is to consider applications for grants bi-annually.
## **Achievements and Performance**
No donations were received during the year (2024: £Nil). The investment income for the year amounted to £173,394.81 (2024: £176,320.33).
The trustees made donations of £179,500.00 (2024: £177,250.00) during the year per note 10 to the accounts. It should be noted that the donations paid this year include donations of £46,200.00 which were agreed in December 2024. Further donations amounting to £56,800.00 were agreed in December 2025 which will be paid in the next accounting year.
2
Brodies
. Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **ANNUAL REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
## **Financial Review**
The market value for the investments portfolio as at 31 December 2025 is £7,544,675.31 (2024: £7,050,244.13). Reserves are £7,649,272.05 as at 31 December 2025 (2024: £7,164,707.61). The investments are providing an income return of approximately 2.2%.
## _**Reserves policy**_
It is the policy of the trust to aim towards maintaining unrestricted income funds at a level sufficient to cover management, administration and donations for a period of 6 months. Capital funds are retained in order to generate income to be expended for charitable purposes.
## _**Investment policy and objectives**_
The trustees’ investment policy is to produce the best financial return from the trust’s investment within an acceptable level of risk, whilst at the same time, growing the real value of the assets over time. The trustees understand that, in order to mitigate inflation risk in the long term, it is likely that the underlying investments will include assets such as equities and that in the short-term the capital value may be volatile. The trustees have given close consideration to the overall reserves and funding sources of the trust, as well as short term and long term spending plans and have identified that the assets placed with RBC Brewin Dolphin can be invested for the long-term. As such, the trustees have indicated that they are willing to tolerate volatility of the capital over the short term in order to generate sound long term capital returns. The assets can be invested widely and should be diversified by asset class, geographical spread, unit and investment trust investment manager, sector and security. Assets may be invested directly or via collective investment vehicles in each asset class, as deemed appropriate through time.
The trustees have agreed a suitable asset allocation strategy with the investment manager which is set with the aim to achieve the overall Fund’s investment objectives.
It has been agreed that the performance of the assets is to be measured against a composite benchmark. This will be used as a guide and the underlying portfolio will be structured to meet the specific needs of the trust over time. Performance will be calculated against the benchmark on a quarterly basis and assessed over the long-term.
The trustees have advised their investment managers that it is important that the holdings within the portfolio are sensitive to the objectives of the charitable trust. The trustees are committed to conducting their financial affairs in a responsible manner consistent with the ethical obligations of stewardship and relevant legal requirements.
## **Future Plans**
By planning to award funding in the next financial year to charities and individuals, the trust provides a long term commitment to meeting its objectives.
## **Statement of the Trustees' Responsibilities //**
3
Brodies
. Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **ANNUAL REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
## **Statement of the Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently:
- observe the methods and principles in the Charities SORP:
- make judgements and estimates that are reasonable and prudent:
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements:
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the trust's constitution. They are also responsible for safeguarding the assets of the charitable trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees confirm that the financial statements of the trust for the year to 31 December 2025 comply with current statutory requirements and with the provisions of the deed of trust.
Approved on behalf of the trustees on
**David Charlton** Trustee
4
Brodies
. Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
I report on the accounts of the charity trust year ended 31 December 2025 which are set out on pages 6 to 15.
## **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 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1)(a) to (c) 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 Charities Accounts (Scotland) Regulations 2006 (as amended). 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 respects the requirements:
- to keep accounting records in accordance with Section 41(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, 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
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Neil Ritchie CA Brodies LLP Capital Square 58 Morrison Street Edinburgh EH3 8BP**
5
Brodies
Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **STATEMENT OF RECEIPTS AND PAYMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Note**
**Receipts**
Investment income
Investments realised - net
9
**Total Receipts**
**Payments**
Investment management costs
11
Donations
10
Administration costs
12
Investments purchased - net
9
Foreign currency - loss
**Total Payments**
**Surplus/(deficit) for year**|**Expendable**
**Unrestricted**
**2025**
**2024**
**Endowment**
**Revenue Funds**
**Total**
**Total**
£
£
£
£
-
173,394.81
173,394.81
176,320.33
60,087.15
-
60,087.15
-|
|---|---|
||60,087.15
173,394.81
233,481.96
176,320.33|
||38,620.47
-
38,620.47
37,283.80
-
179,500.00
179,500.00
177,250.00
7,174.50
7,174.50
14,349.00
18,166.60
-
-
4,539.02
1,769.23
1,769.23
-|
||45,794.97
188,443.73
234,238.70
237,239.42|
||14,292.18
15,048.92)
(
756.74)
(
60,919.09)
(|
6
Brodies
Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **STATEMENT OF BALANCES**
## **AS AT 31 DECEMBER 2025**
|**Note**
**Cash Funds**
Opening cash at bank and in hand
Add:
Receipt and Payments surplus/(deficit)
Closing cash at bank and in hand
**Bank and cash balances**
RBC Brewin Dolphin - capital cash
RBC Brewin Dolphin - income cash
RBC Brewin Dolphin - US $986.87
RBC Brewin Dolphin - US $11.67
Brodies LLP - cash
Royal Bank of Scotland
Solicitors Special Deposit Account
**Investments**
Investments at market value
9
**Liabilities**
Brodies fee due
8
Agreed donations to be paid out
13
Total Reserves
Approved on behalf of the trustees on
**David Charlton**
_Trustee_|**Unrestricted**
**Unrestricted**
**2025**
**2024**
**Capital Funds**
**Revenue Funds**
**Total**
**Total**
£
£
£
£
26,863.30
133,800.18
160,663.48
221,582.57
14,292.18
15,048.92)
(
756.74)
(
60,919.09)
(|**Unrestricted**
**Unrestricted**
**2025**
**2024**
**Capital Funds**
**Revenue Funds**
**Total**
**Total**
£
£
£
£
26,863.30
133,800.18
160,663.48
221,582.57
14,292.18
15,048.92)
(
756.74)
(
60,919.09)
(|
|---|---|---|
||41,155.48
118,751.26|159,906.74
160,663.48|
||46,671.79
-
-
18,990.25
733.69
-
-
8.68
-
18,500.00
(6,250.00)
81,252.33|46,671.79
23,324.12
18,990.25
15,053.77
733.69
774.17
8.68
48,449.00
18,500.00
-
75,002.33
73,062.42|
||41,155.48
118,751.26|159,906.74
160,663.48|
||7,544,665.31
-|7,544,665.31
7,050,244.13|
|||1,500.00
-
56,800.00)
(
46,200.00)
(|
|||55,300.00)
(
46,200.00)
(|
|||7,649,272.05
7,164,707.61|
||||
7
Brodies
Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
- **1 Basis of Accounting**
These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulation 2006 (as amended).
## **2 Nature and Purpose of Funds**
Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objects of the charity. The trust's unrestricted funds comprise of an Expendable Endowment Fund and a Revenue fund. The Expendable Endowment Fund represents the invested funds which generate the income (revenue). Revenue is the income received from capital investments. Both funds are subject to expenses. Donations are usually paid from the available Revenue balance. However the trustees are free to use either fund for any purpose in furtherance of the charitable purposes, if they so determine.
Administration costs have been allocated between capital and revenue on a 50:50 basis.
## **3 VAT**
The trust is not registered for VAT and accordingly expenditure includes VAT where appropriate.
## **4 Taxation**
The trust is a charity and is recognised as such by H M Revenue & Customs for taxation purposes. As a result there is no liability to taxation on any of its income.
## **5 Employees**
The trust had no employees at any time during the year.
## **6 Trustees remuneration**
2024 : £ nil 2025 : £ nil
**7 Trustees expenses** 2024 : £ nil 2025 : £ nil
## **8 Related Party Transactions**
Brodies & Co. (Trustees) Limited, a trustee, is part of Brodies LLP who received fees of £14,066.00 (2024: £16,114.60) including VAT during the year for management services provided. It should be noted that a fee of £1,500.00 was issued 15/10/25, paid post year end, will be inlcuded in the 2026 accounts.
## **9 Investments**
Investments are quoted on International Stock Exchanges and stated at market value. Investments are reviewed at least yearly by stockbrokers and changes in the portfolio are made on their recommendation.
8
Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Brodies
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Investments cont'd**
Opening market value
Less:
Disposals at opening market value or cost
Add:
Acquisitions at cost
Net gain on revaluation
Closing market value
Historic cost
**Investments - net cash movement**
Investments purchased during year
Investments realised during year
Net sales / (purchases) during year
**10 Donations made**
£
**Donations agreed 2023**
Mission Aviation Fellowship
5,000.00
Operation Mobilisation
7,000.00
National Churches Trust
1,000.00
British Refugee Council
2,500.00
The Snowdrop Project
7,000.00
Gurkha Welfare Trust
3,500.00
Release International Voice
5,000.00
Medecins Sans Frontieres (UK)
5,000.00
Bethany Christian Trust
3,500.00
Operation Smile United Kingdom
2,500.00
Motor Neurone Disease Association
3,500.00
Action Medical Research
1,500.00
NSPCC Registered Charity
1,500.00
Golddigger Trust
2,500.00
Plan International (UK)
2,500.00
Blue Cross for Pets
1,500.00
The Born Free Foundation
1,500.00
The Gorilla Organisation
1,250.00
Dogs Trust
1,000.00
PDSA
1,250.00
Farplace Animal Rescue Limited
1,000.00
1,000.00
Cats Protection
1,000.00
The Brooke Hospital for Animals
1,250.00
Whirlow Hall Farm Trust
2,500.00
The Wildlife Hospital Foundation T/A
Tiggywinkles or St Tiggywinkles|**2025**
£
7,050,244.13
(1,755,732.84)
1,844,091.53
406,062.49
7,544,665.31
6,771,731.09
(1,844,091.53)
1,904,178.68
60,087.15
**2025**
£|**2024**
£
6,562,501.00
1,537,151.00)
(
1,604,985.26
419,908.87|
|---|---|---|
|||7,050,244.13|
|||6,494,912.29|
|||1,604,985.26)
(
1,600,446.24|
|||4,539.02)
(|
|||**2024**
£
66,750.00|
9
Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Brodies
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Donations made (cont'd)**||**2025**|**2024**|
|---|---|---|---|
||£|£|£|
|**Donations agreed 20 June 2024**||||
|Mission Aviation Fellowship UK|2,000.00|||
|Christian Aid|2,800.00|||
|Open Doors with Brother Andrew|2,000.00|||
|Bible Society No 1|2,800.00|||
|GOOD NEWS for Everyone|2,800.00|||
|The Salvation Army|2,000.00|||
|Barnabas Aid Limited|2,800.00|||
|Operation Mobilisation|2,800.00|||
|The Keswick Convention Trust Ltd|600.00|||
|The Oakes Trust|2,800.00|||
|The National Churches Trust|400.00|||
|Pioneers UK Ministries|800.00|||
|The Scottish Bible Society|600.00|||
|Equipping Pastors Worldwide Ltd|1,000.00||26,200.00|
|Freedom from Torture|600.00|||
|British Refugee Council|1,000.00|||
|The Snowdrop Project|2,800.00|||
|Guide Dogs for the Blind Association|1,400.00|||
|Gurkha Welfare Trust|1,400.00|||
|Release International Voice|2,000.00|||
|Medecins Sans Frontieres (UK)|2,000.00|||
|The Muirhead Outreach Project Limited|400.00|||
|Bethany Christian Trust|1,400.00|||
|Scottish Spina Bifida Association|400.00|||
|Operation Smile United Kingdom|1,000.00|||
|Motor Neurone Disease Association|1,400.00|||
|Action Medical Research|600.00|||
|Mercy Ships Uk Ltd|2,800.00|||
|NSPCC Scotland -|600.00|||
|Golddigger Trust|1,000.00|||
|Plan International (UK)|1,000.00|||
|Burngreave Foodbank|300.00|||
|Sheffield Street Pastors|5,000.00|||
|MAF UK|10,000.00|||
|Tearfund|10,000.00|||
|All We Can|5,000.00|||
|Hope and Homes for Children|1,000.00|||
|Habitat for Humanity|1,000.00|||
|The United Kingdom Committee for UNICEF|5,000.00||59,100.00|
Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx 10
Brodies
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Donations made (cont'd)**
**Donations agreed 20 June 2024 (cont'd)**
Born Free Foundation
Blue Cross for Pets
The Gorilla Organisation
Dogs Trust
PDSA
Farplace Animal Rescue
The Mare and Foal Sanctuary
St Tiggywinkles
Cats Protection
The Brooke Hospital for Animals
Arab World Ministries
Whirlow Hall Farm Trust Ltd
Kinross-shire Youth Enterprise SCIO
**Donation agreed 16 May 2024**
Christian Aid - in respect of Burkina Faso
**Donation agreed 19 August 2024**
Mercy Ships Ltd
**Donation agreed 29 August 2024**
Action Against Hunger UK
**Donations agreed December 2024**
Medair UK agreed December 2024
The Gorilla Organisation
Mercy Ships Uk Ltd Agreed Dec 2024
MAF UK Gift Income Account
Christian Aid
Open Doors with Brother Andrew
Bible Society No1
Good News for Everyone
SAUKT
Barnabas Aid Limited
Operation Mobilisation
The Keswick Convention trust
The Oaks Trust (Sheffield
The National Churches Trust
Pioneers UK Ministries
The Scottish Bible Society
Equipping Pastors Worldwide Limited
The Church Army
Growing Young Disciples
Freedom from Torture|**2025**
**2024**
£
£
£
600.00
600.00
500.00
400.00
500.00
400.00
400.00
400.00
400.00
500.00
4,700.00
1,000.00
1,000.00
500.00
2,500.00
5,000.00
5,000.00
5,000.00
1,000.00
1,000.00
1,000.00
3,000.00
1,000.00
1,400.00
1,000.00
1,400.00
1,400.00
1,000.00
1,400.00
1,400.00
1,300.00
3,600.00
200.00
1,100.00
300.00
1,000.00
1,000.00
1,000.00
200.00|
|---|---|
11
Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Brodies
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Donations made (cont'd)**||**2025**|**2024**|
|---|---|---|---|
||£|£|£|
|**Donations agreed 5 December 2024 (cont'd)**||||
|British Refugee Council|350.00|||
|The Snowdrop Project|1,900.00|||
|Guide Dogs for the Blind Association|500.00|||
|Gurkha Welfare Trust|500.00|||
|Release International|700.00|||
|Medecins Sans Frontieres|700.00|||
|The Muirhead Outreach Project Limited|100.00|||
|Bethany Christian Trust|500.00|||
|The Scottish Spina Bifida Association T/A||||
|Spina Bifida Hydrocephalus Scotland|100.00|||
|Operation Smile United Kingdom|350.00|||
|Motor Neuron Disease Association|500.00|||
|Action Medical Research|200.00|||
|NSPCC|200.00|||
|Golddigger Trust|350.00|||
|Plan International (UK)|350.00|||
|Burngreave Foodbank|100.00|||
|All We Can|1,000.00|||
|Hope and Homes for Children|350.00|||
|Habitat for Humanity Great Britian|350.00|||
|UNICEF|1,500.00|||
|Babylon Migrants Project CIC|500.00|||
|Rosebery Centre SCIO|500.00|||
|Erskine Veterans Charity|500.00|||
|Cyrenians|500.00|||
|Glasgow City Mission|500.00|||
|NSPCC Scotland|500.00|||
|The Born Free Foundation|1,200.00|||
|Blue Cross for Pets|1,200.00|||
|Dogs Trust|800.00|||
|PDSA|1,500.00|||
|Farplace Animal rescue limited|800.00|||
|The Mare and Foal Sanctuary|800.00|||
|St Tiggywinkles the wildlife hospital trust|800.00|||
|Cats Protection|800.00|||
|The Brooke Hospital for Animals|1,000.00|||
|Arab World Ministries|1,000.00|||
|Whirlow Hall Farm Trust Limited|2,000.00|||
|Kinross-shire youth Enterprise SCIO|500.00|||
|Hope Escol CIO|500.00|46,200.00||
Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx 12
Brodies
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Donations made (cont'd)**||**2025**|**2024**|
|---|---|---|---|
||£|£|£|
|**Donations agreed 11 June 2025**||||
|MAF UK Gift Income Account|2,000.00|||
|Christian Aid|2,800.00|||
|Open Doors with Brother Andrew|2,000.00|||
|Bible Soc No1|2,800.00|||
|Good news for everyone|2,800.00|||
|SAUKT|2,000.00|||
|Barnabas Aid Limited|2,800.00|||
|Operation Mobilisation|2,800.00|||
|The Keswick Convention Trust Limited|2,600.00|||
|The Oakes Trust (Sheffield)|7,200.00|||
|Pioneers UK Ministries|2,200.00|||
|The Scottish Bible Society|600.00|||
|Equipping Pastors Worldwide|2,000.00|||
|The Church Army|2,000.00|||
|Growing Young Disciples|2,000.00|||
|Freedom from Torture|400.00|||
|British Refugee Council|700.00|||
|The Snowdrop Project|3,800.00|||
|The Guide Dogs for the blind association|1,000.00|||
|The Gurkha Welfare Trust|1,000.00|||
|Release International Voice|1,400.00|||
|Médecins sans Frontières (UK)|1,400.00|||
|Bethany Christian Trust|1,000.00|||
|Operation Smile United Kingdom|700.00|||
|Motor Neurone Disease Association|1,000.00|||
|Action Medical Research|400.00|||
|Mercy Ships UK Limited|2,000.00|||
|NSPCC|400.00|||
|Golddigger Trust|700.00|||
|Plan International (UK)|700.00|||
|Burngreave Foodbank|200.00|||
|All We Can|2,000.00|||
|UNICEF|3,000.00|||
|Rosebery Centre SCIO|1,000.00|||
|Glasgow City Mission|1,000.00|||
|Medair UK|2,000.00|||
|The Born Free Foundation|1,200.00|||
|Blue Cross|2,000.00|||
|Gorilla Organization|1,000.00|||
|Dogs Trust|1,000.00|||
Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx 13
Brodies
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Donations made (cont'd)**||**2025**|**2024**|
|---|---|---|---|
||£|£|£|
|**Donations agreed 11 June 2025 (cont'd)**||||
|PDSA|2,000.00|||
|Farplace Animal Rescue Limited|800.00|||
|The Mare and Foal Sanctuary|800.00|||
|St Tiggywinkles the Wildlife Hospital Trust|800.00|||
|Cats Protection|800.00|||
|The Brooke Hospital for Animals|1,000.00|||
|Arab World Ministers|2,000.00|||
|Whirlow Hall Farm Trust Limited|4,000.00|||
|Hope Esol CIO|1,000.00|||
|Fet-Lor Youth Club|1,000.00|||
|Tourette Scotland|1,000.00|||
|South Yorkshire Chaplaincy and listening se|1,000.00|||
|Edinburgh Headway Group|1,000.00|||
|Exeter Ice Charitable Trust|1,000.00|||
|World Medical Fund for Children|2,000.00|||
|Hamlin Fistula UK|1,500.00|||
|Moldova Mission|1,000.00|||
|Blind Veterans UK|1,000.00|||
|Five Talents|1,000.00|||
|Health Poverty Action|1,000.00|||
|Hearing Dogs for Deaf People|1,000.00|||
|Light Up Learning|1,000.00|||
|Newlife the Charity for Disabled Children|1,000.00|98,300.00||
|**Donation agreed 4 April 2025**||||
|Tearfund||5,000.00||
|**Donation agreed 13 March 2025**||||
|Barnabas Aid Limited||2,000.00||
|**Donation agreed 22 August 2025**||||
|Mercy Ships||1,000.00||
14
Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Brodies
Docusign Envelope ID: C9A07834-075D-821B-83FA-879837FD879B
## **THE VOLVOX TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
|**Donations made (cont'd)**
**Donation agreed December 2025**
Tearfund
MAF UK
Christian Aid
Bible Society
Good News for Everyone
Barnabas Aid Ltd
Keswick Convention Trust Ltd
Mercy Ships UK Ltd
Medair UK
The Oakes Trust (Sheffield)
The Snowdrop Project|£
2,500.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
2,000.00
5,000.00
3,500.00|**2025**
£
27,000.00
179,500.00|**2024**
£|
|---|---|---|---|
|||||
||||177,250.00|
Note: Donations amounting to £46,200.00 agreed in the previous year were paid in the current year. A further 49 donations amounting to £56,800.00 were agreed in December 2025 to be paid post year end.
|**11 Investment management costs**
RBC Brewin Dolphin - portfolio management fees
**12 Administration expenses**
Brodies LLP - management fees + VAT
Registers of Scotland - dues
Bank charges
Website hosting|**2025**
£
38,620.47
**2025**
£
14,040.00
20.00
6.00
283.00
14,349.00|**2024**
£
37,283.80|
|---|---|---|
|||**2024**
£
16,114.60
40.00
12.00
2,000.00|
|||18,166.60|
## **13 Guarantees and Commitments**
At 31 December 2025 there were outstanding agreed donations amounting to £56,800 (2024: £46,200) which will be paid out next year. There were no contingent liabilities at 31 December 2025 (2024: none).
15
Acc 2025 VOL_20 31Dec 2025 R+P(81029724.1).xlsx
Brodies