MAXWELTON CHAPEL TRUST SCIO
ACCOUNTS
FOR THE YEAR END 31 MARCH 2026
CHARITY NUMBER SC047713
Bell Ingrnm LLP
Durn, l•la Road
PERTH PH2 7HF
2W1212025

MAXWELTON CHAPEL TRUST SCIO
CONTEKfs OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Tn￿le88, Annual Report
Indepond8nt Examine¢8 Report
ststernent of Finanoal Actr¥lts8
Balance Sheet
Not•$ lo tho Finaneial Stat•monts

IAAXWELTON CHAPEL TRUST SCIO
TRUSTEES. ANNUAL REPORT
FOR THE YEAR END 31 MARCH 2025
The tru$tsa$ Pf•sent their annual roport and accounts for the year and 31 March 2025.
Referènce and Admlffilltrntlve Inlorniatlon
CURRENT TRUSTEES
CONTACT ADDRE88
Bell Ingram LLP
Oum
l$la Road
Perth
PH2 7HF
CHARifrf REG18TRA
SC047713
Bell Ingram LLP
Dum
Isla Road
Perth
PH2 7HF
INDEPENDENT EXAMINER
Williarn Vemall CA
Azets Audit sarrf1￿•
Chartered Accountants
Tllanlurn 1
Klngs Inch Place
Renfrew
Glasgow
PA4 8WF
BANKER
Royal Bank of Scotland
12 Dunk•kl Road
Perth
PH1 5RB

MAXWELTON CHAPEL TRUST SCIO
TRUSTEES ANNUAL REPORT (CONTINUED)
FOR THE YEAR END 31 MARCH 2025
STRUCTURE, GOVERNANCE AND hlANAGEMENT
HISTOR Y OBJECTIVES AND ACTIVITIES OF THE TRUST AND GOVERNING DOCUMENT
The Injsl was founded in September 2017 11 is a registered charity {number SC0477131 that has been
established to replace maX￿110n Chapel Tru8t {SC00851 g) which has wound up and pa888d its a888ts and
liabilitie$ lo Maxwerton Chapel Tru8t SCIO ISC047713}.
CHARITABLE PURPOSES
The Max%*ellon Chapel and its grouniJ¥ will be k)r￿¢d after by tho Iru$t for the benèfit of the local and wider
communty. Regular are held ther• and the Chapel may be used by all recognised Chri$lion faith•
for worship. The grounds are open to the public.
RECRUITMENT AND APPOINTMENT OF TRUSTEES
we￿ there a reqLFirement for new trustees, these would be klentified and appointed by the remaining trustees.
New Ifustees are made aware of a tru51ee's responsibilit&?8. the goveming documenl. adminiBtrative procedure8.
and objoLtivo8 of the tru•t.
ACTIVITIES ANO ACHIEVEMENTS
Legal documenls enabling the transfer of the a888t8 and liabiliti85 of Maxwelton Chapel Trust (SCCi185191 have
b•en completed arKI the formal proce88 ha• boan completad.
TRUSTEES REMUNEIIATION AND EXPENSES
A.R. P Sienhou8e re￿Ived travel expenses of £1,25112024 - £335), R.A.H Cleworth re(tlved travel exwnyJ•
of £8612024 - £79) and￿leCeived travel expenses of £212 {2024 - £0) durlng the year, the trustees
did nol receive any remuii#r¥liofi.
INVESTMENT POLICY AND RESERVES
In¢oming fe80urc88 01 the trust. compri6ing donations, offering6, inv88tm•nts and mi8collan•ou8 inc(Yno
for thè year ended 31 March 2025 amounted lo £46,54912024 - £44.5951.
Property upkeep and administration costs ab80rt)ed £29.932 (2024 - £33,219) leaving a surplus of
£16,81712024-£11,3781.
The trust made net profit 01 £5,574 (2024 - £43.057) on fixed asset investrnents. giving a total r*t profit of
£22.191 (2024 - £54.433) to bè tran8forred lo t￿ general fund auarterfy Investment reports are re￿ived
from the Iru8f8 slockbrokers in order that the Investment performance moy be r8vklw8d by the trustees.
The •tockbrok•rs have been instructed lo maintaln a me(lium risk profile wtth the further proviso ttwt the
maximum pU￿h8#• p•rnis8ible of an indNidual Security be 12% of the portfolio.
ed during the period and up to the date ol this report were..
ApprO￿d by the Iruslees 3nd #ignÈd on thèir behaff
JILLI£V£3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MAXWELTON CHAPEL TRUST SCIO (SC047713)
I report on the ar￿unts Df the charity for the year end 31 Marth 2025 which are set out on pages 4 to 9.
Re•pectlve re•pon8lblllts• ol tru$t••s and indo￿Adont examlner
The chanty's trustees are responsible for the preparation of the ac£ounts In accordance with the tenns of
Ihe Charities and Trustee Investment (Scollandl Acl 2CQ5 and the Charrlies Accounts Iscouandl Regulations
2006 las amended>. The chafily's trust888 consider that the audil requlrement of Regulatlon 10(11 Idl of the
Accounts Regulations does nol aFply. 11 is my responsibility to examine he ac￿lInts as required under seclion
44111 Ic) ol the Act arKI to Btate whether particular matters have come to my attention.
8a•l8 of ind•p•ndent oxamlnof• •tatoment
My examination is carried oul in ac£ordance with Regulation 11 of the Chartt6e8 AcLx)unl8 (S￿lIand)
Regulats'ons 2006 (as amendedl. An exarninalion indude8 a review of the aGGounling reGord$ kept by I
¢hanty and a ¢ornp8rison of the aC￿￿nIS presented with Ihoae r8cord8. It also includes consideration of any
unusual items Of di8closvro$ in the a¢¢ount8, and ￿8k$ explanations from the tn18t8es con¢¢ming any SUC
matters. The procedures undert8ken do not provKle all the evKlence that would be required in an audit, and
consequently I do not express an audrt oplnic*n on the view given by the accounts.
Ind•p•ndont •x•mln•rf• •tst•m•nt
In tho course of my examination. no rna￿r has come to my attention..
which gNes me reasonable cause to bali•ve that in any mater181 rèspect tha requir•m8nt•'.
to keep accounting rn&)rds in accordance wilh Section 44{11 (8) of the 2005 Act and
Regulation 4 of the 2006 Aeeounts Regulationa", and
to prepar8 ace£)untB whith accortl %Mth thè accounting record8 and comply wth
Regulatlon 8 of the 2006 A¢counts Regulatlons
have not been met,. or
to which, In my oplnion. 8ttentlon SI￿UkI be drawn in order to enablé a proper under8tandlng
of the account8 to be reached.
Date
19 December 2025
Aze',s Audit ServiTrs
Chartered A¢Muntants
Titanium 1
Kings Inch Place
Renfrew
Glasgow
PA4 8WF

MAXWELTON CHAPEL TRUST SCIO
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2026
(INCORPORATING INCOME AND EXPENDrruRE ACCOUNT
Unro•tvlct•d
funds
2026
UnrMtrl¢tsd
nds
2024
INCOME
Donations
Offerings alc
In￿Stment Income
Interest Re¢elved
Max*velton Chapel Trusl
TOTAL INCOME
1,2
14,466
793
1,321
12,364
910
46,549
44,595
EXPENDITURE
EXPENDMIRE ON CHARITABLE ACTIVITIES:
Prop8rty Upkeep
Garden Maintenan
Insurance
Water Rates
Electricrty and Fual
Secretsri81
Cknrlcjorganisl Fees
Travel and Acwmmodatlon
Portfolio Manag•rJ Fee
Othér Administration Fees
Telephone
Depreclallon
4.812
5,092
2.092
7,345
7,338
1.962
170
3,118
3,084
1,40D
414
3,505
2,573
558
492
31,959
3,146
3,228
1,450
1.549
3.790
2,295
685
443
28.582
GOVERNANCE COSTS:
Indopendent oxamln•¢8 f
1,350
1,260
TOTAL EXPENorruRE
29.932
33219
NET INCOME BEFORE OTHER RECOGNISED
GAINS AND LOSSE8
16.617
11,376
OTHER RECOGNISED GAIN8ILOSSES
Realised Gain8 on Fixed A8sset Inveslments
Unreali5ed Gains on F￿ed Asset Investments
38.337
32 763
1.803
41,254
43,057
5.574
NET MOVEpKKf IN FUNDS
22,191
54,433
Fund balances brought forward
576,934
522,501
TOTAL FUND8 CARRIED FORWARD
599,125
576.934

hlAXWELTON CHAPEL TRUST SCIO {SC0447131
BALANCE SHEET
AS AT 31 MARCH 2026
2025
2024
FIXED A88ET3
Tangible Fixed Assets..
Chapel Property
Chapel Fumi8hlngs
25,762
3.988
21,826
4,431
Invesknents
542,387
572,137
527,202
553,459
CURRENT ASSETS
Sundry Deblofs and Prepayments
C88h al Bank and In Hand
2,404
35,407
37,811
2,221
28.OS9
30.280
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
Sundry Creditorn
10.823
10,823
6,805
6.805
NET CURREKf ASSETS
26,988
23,475
TOTAL NET AsseTS
599 125
FUNDS
Unrestrlcled Funds..
General Fund
Designated Fund
7&8
7&8
599,125
576,934
599.125
578 934
The financial statements were •ppYovod by the tN8ts•8 on
Their behalf by.
?.3/-,?.1202r
and signed on
Trustee

MAXWELTON CHAPEL TRUST SCIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR END 31 MARCH 2026
ACCOUNTING POLICIES
The principal accounting polic¢es bthich have been appl￿ consistently in the currnnt and preceding year in dealing
with items whi¢h are material to the finanaal ststemenls a￿ sel out below.
Ac¢ounllng cOn￿ntIOn
The accounts have been prepared in a(xordance with apP￿cable accounting Standards and under the historical
cost convention wrlh the exception that investments are valued at market value. The financial slalemenl$ have
been prepared in accordance wth Statement of of Recommended Practice.. Accounting and Reporting by Chantses
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol
Ireland {FRS 102) issued on 1 January 2019, the Charitie8 and Trustee Invesbmenl (Scotlandl Act 2005 and the
Charib'o$ Accounts IS¢otlandl Regulations 2006 {a$ amondod>. The Chanty B a Public 8•nefit Entity 08 definod by
FRS 102.
Thé account8 are prepared in sterfing, ¥¥hich 18 the functional curnncy of the chanty. Monetary amounts in these
financlal 8tstements are rounded to the nearest £.
Golng Con¢•m
Al the tsme ol approving the a￿l￿nIs. the dlrectors hav• a reasonable expectats'on that the cknarity has adequate
r88ource81o continue in operational existence for the foreseeable fulure. Thus the Iruslees Conlinue lo adopt the
going concern basis of accounting in preporing these ffinanci•l st•lements.
Incom• Ro¢oqnlllon
All incoming resour￿5 are recognised once Ihe tnjst ha$ entitlement to the re$ources, il 1$ probable the resourc•$
be received and the mongtary value of In¢omlng resour¢es can be rnaagured ￿th sufflclenl rellablllty.
Exp•ndltur• R•eognttlon
Liabilities are rewnised as rewurcAry$ expended as soon as there is a legal or constructive obligation ¢ommittin9
the Iru8t lo th• &xpenditur•. it 18 probable that settlement Nwll be ￿quired and thé amount of tha obligats'on Can bè
rnt88urèd reliably. All expenditure is aco)unted for on an accruAls basis.
Irrecoverable VAT 18 ctharged to the stalemnt of financial adi¥itios as incurred.
Tanglbl• Flx•d A•••ts ind D•prnclatlon
Tangib￿ fixed a$s&ts are stated al ¢081 Th• rn$t of minor oddrtion8 or th0￿ eostsng below £500 •re not
capltall8ed. Second hand donated Item8 are not capltallsed. No depreclatlon Is provkled In respect of Chapel
proyrty. FUrn￿hings are deprnciatad al 10% reducing balance.
Flx•d A•••t Inv••tm•nt•
In¥estrnents are initially ￿cogni8ed at their Iransacticfi value and subsequently measured at Iheir market value as
at Ihe balance sheet d8te using the closing quoted markel price, The statement of financial activities includes the
nel gains and10sses ari￿ng on revaluations disposa15 throughout the year.
The TnJ81 does not aquire or use put options, derivative8 or other complex ffinanaal instruments.

MAXWELTON CHAPEL TRUST ￿10
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENO 31 MARCH 2025
ACCOUNTING POLICIES IcoKfDI
Debtorn and credltors r•celvable I payablo wlthln one year
Debtors and credrtors V*ith no stated interest rate and receivable or payable wthin one year are recorded ot
transaction price.
Ca8h at bank and In hand
Cash at bank and cash in hand includes and short tam) highly liquid inve5trnents with a sh<>rt maturity of
three Months or less from the dale ol acquisrtion or opening of the deposit or similar ac¢ounl.
Fund A¢Gountlng
Unfestrided funds are donats'ons and other incoming re80urces receivable or ge￿rated for the objècts of the TnJ$l
¥￿thOut lurther specific Purpose and are available as general lunds,
De8lgnated funds are unr•¥tricted fvnd8 ¢#marked by Ihe Tru8teo• for o particular purp¢)w.
Taxallon
The tru31 is a regislefod charlty and accordingly is oxempl from taxation on its ino)me and gains where they are
epplted for ¢h8ri18ble purposes.
TRU8TEE8 REMUNERAlloN AND EXPEN8E8
Th• tnJ8t••8 did not rocolve any remunwation during th• y•ar, they dld re￿1¥• expen8e8.
INVESThIENTS
20215
2024
Mart(et Valua as at 31 March 2024
Additions
Dlsposals
Realised Gains
Unrealised Gain81llos8esl
Market value at 31 March 2025
527.202
215,437
(205,828)
38,337
32,763
444,499
67,289
127.643)
1,803
41.2S4
Hi8loric81 cost as a131 March 2025
434,669
38e 555
Marft•t valu• *pltt by typ•
Bonds
UK Equitso
Ovefsea8 Equitres
Property
45,281
276,628
220.478
30,345
260,127
230,828
5,902
542.387
527.202

MAXWELTON CHAPEL TRUST SCIO
P40TES TO THE FINANCIAL STATEMENTS
FOR THE YEAR END 31 MARCH 2026
INVESTMENTS ICONTD)
2028
2024
Inv••tm•nts wlth 6% or mor• of the m•rtt•l v•lug
Artemis Fund Managers
Crty of London Inveslmenl Tnjst
IFSL Evenlode Investsnent Fund8
29,833
36,934
31,551
36,623
FIXED ASSETS
Chapel
Chap•l
Property Fuml•hlng
Total
Co•t
At 1 Apnl 2024
Addllion8
Di8POS81s
Al 31 Ma￿h 2025
21.826
3.936
5,914
27,740
3,936
25,762
D•prnclatlon
At 1 April 2024
Charge for year
Adj re disposa
At 31 M*r¢h 2026
1,483
443
1.483
443
1,928
1.926
N•t Book Valu•
At J1 March 2026
3,988
29.760
At 31 March 2024
21.826
4,431
26,257
DEBTORS AND PREPAYMENT8
2026
2024
Debtors
Prepaymnt8
135
2.269
129
2,092
2,404
2,221

MAXWELTON CHAPEL TRUST SCIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR END 31 MARCH 2025
CREDrroRS
2026
2024
Creditors & Accruals
10.823
6,805
STATEMENT OF MOVEMENT IN FUNDS
Unr••trlet•d
Fund•
Balance as at 31 March 2024
576,934
SurplusllDeficill for the year
22,191
8alance as al 31 March 2025
599 125
DESIGNATED FUNDS
The bulkllng lund represents monies dtsignat•d by the trustees to maintaln the state of the buildings.
RELATED PARTY
Ther• no related party transadions lor the year ended 31 March 2025.