If ORGE & NELLIE CHARITABLE REPCIiT ANO FINANCIAL STATEMENTS FOR THE Ywi TO 31 M4RCH 2026 CHARITY NO. SC048S45 1LM) unt Stre ABIO 7QR RJW318324
& NELLIÉ wHE CHARITABLE TR TRUSTEES pOrkInS TNst••s Umit•d 100 Unlon Strggt Aberdeen Charfty Number. SC048545 Secretaries aThJ Sollcitws Messrs Pe18rkins 100 Union Street Aberdeen Bankers The Royal Bank of Scthand 78 Urvon Street Aberdeen Stockbrokers LGT Wealth Management mItsd Ong Lcchrin Squa 92 FoLmtainbnd9e Edinburgh ÉH3 g)A Tawse and Partners, C.A. 18 North Silver Street Aberdeen
GEORGE & NELLIE WHYTE CHARITABLE TRUST PORT OF TH TRUSTEE YEAR T 1 k14RCH The Trustees h8v8 pleasure rewt al slatwents of the Charitab twsl f the year lo 31st March 2026. The financlal statements hav• b8en prepared in accord vAth the accountir¥J pc4iues set out In nota 1 to the accounts and comply tmth the tharitys Tnjst De&J. Ihe Charities and Tnth Investment (Scot1} Act 25. the Charity Accounts (Scotland) Regulations 21Xfj and ts StatWTVrt of ReLwirneNled Pra¢ti¢g: Accowlin9 arKI ReportiNJ by Charibes 2005. Struclure, govwnance and manag•m•nt Thè Tmst was Crea1 by a Dé•d of Tmst dated 191h & 2Cth D•cath 2017 m9iSt•rnd In BoLs of CouncAI & Session on 2nd November 2018. Thg initial Trustees 4)poinled in the said Oeed of Trust Tnjstees V•il be nominated and app(inted by the exIS3 Trustees. neSsary. Tha Trust thjes not aciively fun(traisa and seeks to conkn the thlantl¥opic d•sired by th• (loThN thrwgh carefiA slewardshlp of its exislirvj re80urces. Trust purpos•s and obJ•dlv The Trust Was Sot LP by the purpose of payir¥J the to bCdS registered ChlIable Trusts wthin lh• Arna of Befft. le. Aberde8rt CAY. Aberdewth and Moray Local AUthty Dthds and Ih•rnaft•r, •lswkn8re in Scodand. the choice and the arnot$ to b8 detaMIn by th• Trust•8S. Flnanclal Informafjon and future dlOPments All of the funds are restrkted. There was a defiat of ldS the period amounting to £7.39512025- surFlus of£8.1871. To this fryvre. £Nil12024- £Nill of realised Investm gwns and £168.885 of realised gairts12025- £51.303 of unrealised IC5$) on revalLwb"on of inv951merts have begn add•J. grfft3 a td¥l in¢reas9 in fvThJs for th? year of £161.49012025. decrease in fLThbs of £43.1161. Thè Truste&s 11 b? meire to cmgder fclthJwg frni Ch•rital)18 Organisalbx$ ar•J ¢0 allo¢ale1he appropiiale funds. Investfflent polkcy The obiectives of the Tnt88S at the wes1 Iwne to wNest I tntst in fixed inler8st boThJs and equity 8harehddlr wth a vithvto wodUcir a balanced gr(Mth of both capilal and Orne. The Trustees aim to disthbule all substsnllalty 81 ofthe wual iorne. less eypm& for tntsl wrposes. The Iru3tee3 meet orKe annualty to consider applications aTrJ lo sdect suitatd8 charities for a53iStwhce. The minutss of the vnnuBI m¢8knn9 ¢onlain lu¥ dela45 of qhthdxrti( yeed by Tn*tees.
GEO HATA REPORT OF THE TRUSTEES FOR THE YEAR TO 31 PAIR Trustees. regponslbllltles applicable and United Kingdom Standwts IUThied Kir¥Jdom Generally Accepled Accountiro Pracllcel. give a a1 fair view of ihe stste of aff¥¥s ol Ihe drity ol the Irm reswrces and appkath)n of resources of the ¢harlty forthat paih>J. In prarj thesè ffinaneid statnts. trustÈ•s ¥e to: obrVe th• m8ttK>ds arml prindplas In th& Chanti•s s9p FRS 11Y2' . state whher appIae stsrthrds have been fiAkyhvJ. to arry Matla1 depwiw disdos&J and 8xplained the financ4a statements.. ill tIa in operation. The twustses are respJnsWe for wperaccrAxlirvJ ¢¢yS th41 thsdose ith fvaS(abl¢ accura al any t¥ne lh¢ finanaal posItic of the charity and enable Ihem to erwjre that the finla1 statements ClpIY vAth the Chartties and Trustee Invèstmènt {Scotlandl Act 21)JS. th• Charib•s Aeeounts {Scthandl Rèjdations (as amAdadl and thtr provisiM$ ol t charity's con51itutson. They are also respsle for safewardry Ihe assds ofth8 ch• and ce flakry reasonable steps for Ihe preyenlion ar detecth)n d fra1 thr irwularilies. Rl•k Manag•m•nt fina9 of th8 Tfust. aryl e satlsffied that S511s are in plxe to milw ey4xwe to th• m8lw risk& Rv•rv•8 poIIcy The resorvès al thè yèar tclallod £2.189.72912025- £2.028239} aThJ represerts b)th thè ¢apit81 and r8venuo balarKe. Th• tsust88s afe not empLhwed to oncroach upM thècapital balar of thè total fuThls. Tho funds applica0 to iev8nue are £91,253 {2025- £63,994) and as the aim to distriKrte ir, llis level of feverth is cASered more than adequate to meet tho onlI¥j rwiremenls of tho Tntsl. Apyrovod by thè Tntstaes 8igned on boh&Y ty.. TRUSTEE
GEORGE & NELLIE NE CHARITABLE TRUST INDEPENDENT XAMINER, PORT F EAR T I report to the charity InBtees my exarninatJn ofthe the ojnpany for Ihe year ended 31 March 2026 l)ith are Set wl on page$ 5 to 11. RPeCtIve r•sponslbllltles of trw5t• and •xamln•r The tharity's trustsgs aw responsible the preparati oftrp accrAmts in accord th Ihe ter5 oftho Charfbes aThJ Tntstee Investment IScollaThJl Ad 2005 and Ihe c1writi Accounts IScollaThJl Regulations 2Crf)6. The Charity trustses consider that al11 requirement ol RgJjIati 1Crf1> lal to Ic) of the Acewnts Regulati$ not apply. It is my rnsponSiblty to txamhnè th8 aCCOLffits as thdèr Sédi 44(1) lel ol thè Acl aThJ to stale whethef paiticLdar matters have come lo my allert. Ba81s of Ind•p•ndthtt •Mmln•r'8 Stal•m•nt examination is carried wt in aCCctsre with Ret)n 11 olthe 2[ Acccawrts Regulab(m An examination iFKludes a review of Ihe ac£ounting r5 kept by the tharity a cc¥nparison of aUnts presented those records. It also includes CSjeratil)n of any wmffjual d1sdcS li the accounts. and seeks explanaiions from tree$ C¢eM1j any mattw& The CjreS undertaken do [t provide all tho videnea that b¢ rnqlMj li gn authl. ¥#J th) Jyrt exprèss an audit opinion on tho viéw giv•n by Ihe aLrounts. Ind•p•nd•nt •xamSnw's statam•nt In the course of my examinticffl, Th) matter has C( to my altert1.. 1. vthlch Elves me reasonable cause to believe that in any materil iespe¢t the wuir&)ients'. . to keep actnti cOldS in aCa)rd ith Sedion W11 la) of the 21NJ5 Ad and RUlatn 4 of thè 2008 Accounts R•gLdations.' . and to prepare accounts wlich ith the accountry rNdS aTrJ ¢)jrry>IyiIh Regulalicffl181 of tl 21Y)6 Acc¢xJnts ROjalI(,. have not been met" or 2. 10 Ithith. in my OFinion, attention sh(1 be dran kn ¢Nder to enable a wcwuThJerslandYvJ of the accoLm15 to be Gwe Brc**n Chattsr8d Accountant Insthtut8 of Charterad Accountarts of Scdand Taw%• & Partritrs 18 North Sl¥w Stre Aterdeen AB10 IJU 23 Jts4
RGE & NELLIE WHYTE ITA8LE TRUST STATEK4ENT F FINA ncludin Irthme and Ex IALA diturn AceoLmt TO 31 fvWICH 226 2tr26 INCOME FROM Exeeutry A¢ts)unt 2.426 In¥estrnBnt orne.. Dividends and Ir*es¢ 57,757 TOTAL INCOME 55.546 EXPENDITURE ON Cost of 9¢neratirYJ furttts Charitable aCtiVit- Oonations to Chare$ 33.219 25.420 2,867 14.sc 4.277 TOTAL EXPENDITURE 62.941 51,996 NET INCOME AND NET )vEMENT IN FUNDS BEFORE GAINS AND LOSSES ON INVESTMENT 7.395 8,187 Realithj Imiestsi)ent gansplosses Urnlls8d {lossVg8in w reVtIon of Irwe5tmenls 188.885 51.303 NET MOVEMENT IN FUNDS 181.4 143.1181 Total funds at 1 Aprfl 2025 2.028.239 2,071.355 TOTAL FUNDS AT 31 N14RCH 2026 2.189.729 2.028,239 All ofthg above fvnds are reslrfthd.
GEORGE & NELLIE wHE CHARITABLE TR BALANCE T AT 31 MARCH 2026 FIXED ASSETS Investments at Markel Value Cost £1,839,645 2,182,689 2,W28,611 CURRENT ASSETS Cash at bank LGT Wèalth M8n8gament - Income AccoLmt Cash 7.526 478 11,391 18,917 10,830 11,308 CREOITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 11.677 11,680 NET CURRENT ASSETS 7.040 372 TOTAL ASSETS LESS CURRENT LIABILITIES 2.189.729 2,028,239 NET ASSETS 2 189729 2.028,239 FUNDS RgpTesented by. Restricted Funds- Caixlal R8Strict8d Funds- Rw8nue 2,098.476 91.253 1.984.245 63.994 TOTAL CHARITY FUNDS 2,189.729 2.028,239 The accoLmis ere 4Jproved by Trustees beh8M by'.- L fvtrJ 2026 aThJ sId on their TRUSTEE
EOR NELLIE wHE CHARI LE TRUST NOTES TO THE A NT RTH YEAR TO 31 MARCH 2 1. ACCOUNTING POLICIES (al Basis of AccountiThJ The accounts lfinandal stal9ml have ljeen prepwed mjer fv Wc¢F¢I ry)St comienlion ilh rtems recogni58d al cost or transadlon value lesS otherwise stated in the relevart noHsl to these rts. The faaal statements havg been prepared in aCC3ne• the Statement d Rrlead Pt". A¢¢tir and Repcmtirrfj by Charities preparirvJ their a¢ts)unl$ in accc¥dance vth the FThnual RepoitiTh3 Standard applicatle n thè UK and Reput4 of IrolaThJ IFRS 11)21 and the Flnarrial Reporthng Stsndard appwe in the Lh¥ted Kirwlom Republic of Ireland {FRS 1021, the Charities Trustee Inve3lment (scland) Aci 2C(15 Chariti8s AC£( (SClalI RJ(lS 2( la$ 8nNJwJl Thè trusteès ts)nsider that there are no maleri LcertaIneS abr the Tnjst's abllty to continue as a goiThJ ¢on¢wn. With respect to Ihe nèxt r•portir¥J yèar. 2024-25. th• most #r•as of un¢ertsiW Ihat affect the value of assets hdd by the Twsl a the level of inveslment retwn the perfcffiwts crf inv8stm•nt mk•ts Iséè the invèstrnènl pojlcy and perfomiance arKI ri8k secti¥ Itee5. rep(¥t for more WrffflatM)n). The fInda1 slatwwwt are preserW w) sl¢rlwvJ is fv lUndp> the aTrJ Toured to the newest £. (bl Re¢cm¢ilialM)n wilh previous Statement of R(nrn PraLe In prepariThJ Ihe accots. the trustee5 have aFPl the acc4)urtirvJ pci88 r•quked ty FRS102 tho Charitie5 SORP FRS 102 a reslatement cl ccfflparatfrie itemsmos rwdod. As IIp5e firt accounts. Compa1 It•ms ar• available. (¢1 Cash flow statement Idl Inm recogrMIi All Ineoma 1$ reco3nised once the charity has wllennI 101he irKome. rt is prcable that the VAI be aThJ the arnount Of1rm ree81vaa can bè measurnd l8bfy. Interest on f(ts hekl deposit induded reLivth arKI the be meaued reliabty ty Ih8 charity: thls Is Irmalty on notification of Ihe interest pd or payable by the b¥. tlivkJeThJ$ are recogniseil rxKe the dividend has been dodar9d and nolfficalion has been recwed of tho is Up1 notifica by cJr IrNeslm8nt a(fvlw ol the divrdend weld of the investMtt p01[0. (el Expenditur• recoanlthjn Liabilitie8 are recognlsed as ewliture as s(th as thern Is a 1 ¢onrriilir¥J thB charlty to th expgnditure. tt 1$ wobable that 8etUemw* be the ol ihe oblh3aticm can be measureAI rellabty. All exp8ndiiLTr Is accrymled frs on bag5. Al exp wE¥tcosts costs are all1¥d or opporlonéd to th• appl¢abl8 •wJrvJilur• IwdiTrJs. Thtr charity is not entitled to any VAT. iTheco¥•rabla VAT is • a9artst a4)wrtL h•adiro which li was Incurred.
TH NT FOR THE YEAR TO 31 MARCH 2026 1. ACCOUNTING POLICIES IconUMed} (Q Realised g8ins aWKI1055g All gains and losses are taken to the Slatemert of Fina1 Ad1Vit as they artse. Realised gairs and losse5 on investrnents are ca1clated as the difference sales Wd5 WKI their openirvJ canyry value or thr pur(aso value if acquired subsequent to ffirst day of ffinawal year. Unrealised gains k)sses are calcLlated as difference been the falr valu8 at Ihe year end and their rayry value. Ig) Taxatkjn Th• Twsl is a 151red Charity in ScoU¥ThJ •rKJ is exwnpl frryn tsxat {h} Allwalion of 5UPPOrt arKI gemarTh costs Support costs have been allted betsen govemance co a1 Lh8r sivt#Nt costs. Govemance c4)sis c{priSe all cosis irwolving the public accountabihty of the charity and its compliarTh ¥bilh wulaticffl go)d praclice. These wsts include costs re98tsd to 8tsttAty atht and Iwjal fee$t(¥8ltrwvAlh an 0Kw1KX of and SOrt costs. 01 Costs of roislng fvnds Thè eosts of g•n•ralrwJ fur#Js eonslstof Snv•slmwrt management and cwlain legal f. l Fixed asset investmwrtS Investments ¥e a foTh of basic financaal arnl we iiylialty at theirtran5actKm ¥ak and subSequenY measured 8t their fair v•lu? as al the balarKe sIt dats Iho ch)sirwJ qwtgd mawket pri¢0. Tho Stalemerrt of finanoal adivibgs rndudes the nel gains and loss¢$ arBing cn revauatw •wJ thsposals thrOWJhct ts year. The Trust dces not acqulre put opllons. derfvthes or ttscompbex kthmen Th• maln fomi of finala1 risk facèd by is Ihat ofvolallty in 4LNty martets instm8fbt markets due to vAder economic conditions. the altitude of invesiors to imiestrnewrt risk. and changes in Sement cOreming &]uikn and within partilar sect(¥s or sub se¢t(Ns. Tho fixed 88sel inveslmrts irje ¢8sh ld a maturrtyof less than >ar. (kl CTe(tor payable year Credltors %h no statsd interest rate and paythil1) c¥)e yEarare rttorded at transxtKJn wKe. Any los ariswvJ from imp8iment art recLgnisthJ in exp11•. 11) Funds All Income aNI exporxlbn is d¢ 7h41h ItwwJh th• of Adi4fitS&s. Thè fuThls are dassified as rnstrictod (unds subiect to th& SpeUr tenns declarJ by Ihe dThr.
GEORGE & NELLIE WHYTE HARITABLE TR FCII THE YEAR TO 31 KIR 2. INVESTMENT INCOME 202 Net di¥iderKI8 and interest from sIrs, and shares Inote 7} Bank deposit interest 57,440 317 57.757 286 55,546 3. COST OF GENERATI FUNDS Secretarfal fees Standard Life m8n•Jement fee5 19,847 14,807 34,654 18.471 14.748 33,219 4. CHARITABLE EXPENDITURE AJI cvThenl amual commitments to dCrfHtiU to thilIeS as agreed by ts Trustees at tsir mo&tvJ on Ito b8 arraNJ8d) have b•an meL 5. DCMTIONS TO CHARITIES Read for Good FrnserbLwgh Acad&my ereakthrough T1D Th¢ Engin$www Dgvgkpment Trnsl The Butterfiy Trust Flf• C8r8ts Centr• Scottish Action for H& The House of Glasgoyw Children's Hos St Margarets Sthol Gkts Inarth COMMlty Centre Tour•tt• Scotland TLC Foodbank North East Lrf Seott8ThY S¢h¢x)l Ltd Edinburth Science Centre IGeneratkJn Sdar) Somebody Carg5 QuaNieTS (Aberdeen Befrfending N¢tsL•l 2.000 1.Tr)0 3.0 2.000 3.OOD 1,OCO 1.955 2,0) 1.SCKJ 1.othj 1.0 1.965 2,OCIJ 25.420 14.5Crf) 6. GOVERNANCE COSTS Secr8tarial fe85 Audit fee Indepdent lee 1,847.00 1.020 415 4,277 2,867
GE()RGE & NELLIE WHYTE CHARITA LE TRUST TE TO THE ACCCiINTS FOR THE YEAR T 31 MARCH Cash & ed Cash Inve[nents Equivaknnts Tots 7. INVESTMENTS Cost or Valuatw)n At 1 April 2025 Movemènt cash Additions at cost Disposals 8t cost Unrealised gainlloss on revaualk¥i of Investmw maet value al 31 M¥th 2026 2.C(11,970 26.641 2.028.611 (14.8071 (14.8071 168.885 2.170.855 188.885 11.834 2.182.689 CarryiThJ rrt.. At 31 March 2026 2.170.855 11.834 2.182.089 At 1 April 202S 2.(KJ1.970 26.641 2,028.611 Invement at fairvalue Comwsed: Equthes Fixed Interest securit$ C8sh held wthin the investment 2.170,855 11.834 2,182.689 Al investments awe caryie(J al thr fair value. Inveslrnenls equbes a1 fixed MstMent s8oties are all trad8d In quot•d public markets. prtm8rity tho London Stock Exdwry. ngS in c0 VestMent knds and open-eTrJed investment compar4es are at the bid price. The basis ol fair valu• fer qLKA•d Investm i8 eqim¥aI• tr& th• mwket value, using bid price. As881 sales and PL¥thases are recogNsed at the dale at¢i)st The signlfican¢¢ of ffinaal to the oTrwiThJ StainabIlity rf th• Charity is cCVtsr8 in the ftnancAal r8vithv and investment pcAicy and perfcrnre seLtions oftt Tnth. AnN¥l ReF*Jt. 8. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 20 Acc¥uals 11.877 11,680 10
GEOR wHE HARITABLE TR NOTES TO THE ACCOUNTS YEAR TO g. RESTRICTED FUNDS Capital At 1.4.25 Capital Inv8st•d unr8a11I gain ¢Jn revaluatKJn of Transfer to Revenue Al 31.3.26 1.964.245 188.885 34.654 2,098,476 Revenue Al 1.4.25 Net incomè Income from executry Thiested Transfgr from Capilal 83.994 17.395} At 31.3.26 91,253 Total funds at 31.3.26 2.189.729 Rtprèsertted by.. Investrnents at cost Investment Revaluabon ReseThe Nat eurrent 8s88ts 1,839.645 343.044 2.189.729 The Twsiees cons¢iler all knds piy to this date lo be ¢1. 10. TRUSTEES. REMUNERATION Peted(ins. sOrAt0T5. manage lh¢ Critable FLNMvJakn and Ie for the w¥Jeriaken in line *iih nonnal business pracfice. 11