APPENDIX 1
oscr-
Period start date
Month
09
Period end date
onih
Year
2024
Year
01
2023
31
Office of the Scottish Charlty Regulator
Reference and admlnlstration details
Charity name
Other narn6s charity is known
by
R•glst•rad charlty number
Charfty's princlpal address
Tha May Maclfjntosh Charitable Trust
SC050415
Miller Beckett & Jackson, 190 St Vincent Sl, Glasgow
Po$t¢odg G2 5SP
Namès of th• charfty trustees on date of approval of TNstees' Annual RoPQrt
Trust￿
Offlc? (If any)
Date$ acted If
not for whole ye•r
. Name of porÈon
lor body) gntltlod to
appolnt tntst•• Ilf any)
10
11
12
13
14
15
16
17
18
19
20

APPENDIX 1
Referance and admlnlstration details
Names of all other charlty trustees during the period. if any. (for exampl8, those who resigned part way
Ihrough the flnanclal perlod)
N?me
Dates acted If not for whole y•ar
Dec6ased 30.01.24
Structure, governance and management
Type of govemlng documnt
Trust Deed dated 13th March 2020 set up by Ihe Executors-norninale of
the late Catherine Mary Duncan Mackinlosh In lem18 of her Will and
règistèrèd in the Bc4)kg of Council and Session on 291b.July 2020.
Trustoe recrultment and appolntment
Serving Trustees may app)int additional TnJ51ees as required taking into
account their skills and knovledge.
Objectives and activities
Charltable purposes
The Trustees are empower¢d lo Telain the wI￿le or part of the residue of
the means and eststo of tho fund for $u¢h time as they may think fit, or
pemiAnently. and to apply the whole or such part of Ihe incom8 for such
¢haritable purpo8e8 as the Tru8iee8 in their discretion may d&cidg and in
a¢cordance of the Trust purposes established under thè Trust D88d.
The Trustees have resolved lo retain the capitsl meantim8 and to app
only the income for the foregoing charitable purposes.
Surnmary of the main activities
In relatlon to these object5
During the year income from Investments totalled £42,912 for use in the
Charitable activities.
Brewin Dolphin are the Stockbrokers for the Trust and there was a gain of
£260,025 reported on the Investments.

APPENDIX 1
A¢hleveinonts and.perfonnancp. .
Summary of the maln achlevements of The Trust granl£d ch3ri1able donations totalling £34,500, assisting len
tho charlty durlng the financial perfod
Charities, in accOrda￿e with the trust purpos8S.
Financial review
Bri•f $tstgmonl of thg ¢harity's policy
on reserves
The endowment fund as at 31st A￿U9* 2024 was £2,217.840 which
represents the Invegtments and Capital Cash def￿1t.
The unrestricted Fund represents Income eamed but not yet utlllsed in
supporting Charitable aclivilies.
Al 31￿ August 2024 Ihe Charity's unrestricted fijnd was £86,520 and
Ihereft)re the Tnjstees consider the level of reserves to be sufficient.
Delalls of any deficlt
None
Donated facllltles and $eNlces lif •ny) None

APPENDIX 1
Other Optional Inforniatlon
Declaration
The INstees dKlare that the
h8ve
roved the tru$t•e$' re
rt above.
Slgngd on b8half of th
Slgnatur8($1
Full name{s)
Pogltlofft {è.g. Chalr) TrLLqt88
Date

REGISTERED CILIRITY NIIMBER: SC0504JS
M¢lay M¢Alister & McGtbbon LLP
Chartered A¢￿u￿tantS
145 St Vincenl Sireel
Glasgow
G2 5JF

Pag¢
Report of thc Trustees
Independeni Examinerfs Rewrt
ststem¢nt Df Financial Activitie5
Balan¢¢ Sh¢¢t
Not¢s to the Financial Stat¢rn¢nts
6 to 11
Detailed Ststement of Finan¢ial Activities
12

The tru5te¢s present their report with the finatKial sth*m¢nts of th¢ ¢harity for the year ended 31 August 2024. The
tr￿¢t¢S liave adopted the provisiotjs of A¢¢ountiTh$ and Reporting by ChaTities.' Statem¢ni of Rewmmcnded Pra¢ri¢¢
applicable to chwities prcparing their ac¢ounts irt A¢¢ordAn¢¢ with the Fthnancial Keporting standa￿ applicable in the
UK and R¢publi¢ of Ireland (FRS 102} (effective l January 2019).
OWECTIVES AND ACTIVITIES
Objectives and gin
The trustees are empowered w retain the 14rfJole or part of ihe residue of means and esiaie of ihe thJ]d for such lime as
they may djink fit, ur perma]ienily , and to apply the whole UT su¢h part of the in¢ome of 8aid rctaincd portion (to bc
called "The May Ma¢Kintosh Charitable Trust") for such charilable purp05&% a5 thc trustee5 in Ih¢ir absolute dis¢rction
may de¢id¢.
Th¢ trustees apply the thnd5 of the charity at their discretion and irt a¢￿#￿¢¢ with Ihe Tnist Purposes established
under thc TnLsi Deed.
The trustCC5 havc agreed both capital 8nd incom¢ wi be us¢d f(Fr lh¢ for¢going charitabl¢ pIrpo￿5.
Plans for the Future
Thc trustees plon to follow a policy of making grants to thos¢ organisations they f¢¢] reqllir¢ rnost support And whose
purrx)se ftsil within th¢ sp¢¢trLmi of the Trnst Dee(L
FIP4ANCL4L REVIEW
Reserves policy
As the charEty ha5 no recurring expendiiure on 4n annual basis the Board of Tr￿lee5 consider the cwrrnt level of
res¢tv¢s to be sutYL¢ient.
INv¢stty¢nt poliey
The investment policy* ￿th1¢h is reviewed by ihe trustees from time to time is airned at Tnaintaining rlie real v8lue of the
Trusi fi￿dS over a period of years and thereby providing a TeagDnable level of in¢om¢ for ¢harilable donaiions.
As shOm￿ in Noi¢ 8. th¢ Ma￿tI value of listed invesmients at 31 August 2024 amounted to £2.220.242.
FiD&ncial posltion
The Unrestri¢t¢d Fund at the beginning of the year arnount¢d to £84.905 to ithi¢h was added r¢¢¢ipts of £43,675
2nd from Mthieh w&8 deducted paym¢nis of £42,060 leaving a balance of £86,520 carried forward.
The Expendable Endowmeni Fund at the b¢ginning of the year aftx)uAted to £1.987.479 frorn ￿leh investrnent gains of
£260,025 8nd payments (Jf £29.664 were deducied. le&Ying a balance of £2,217,840..
Risks
The trustees ¢onsider vari•bility of investment returns to conslirutc the charity's major financial risk. Thig is mitigat¢d by
retaining eX￿rt investment managffs arbd hairittg a diversifjed portfolio.
STRUCTURE, GOVERNANCE AND MANAGEMENr
Governing doeument
The chariry is controlled by its governing document. a deed and ¢onMiiu(es an uThinc(Yporated ¢h8rity.
Orynisa¢ional structure
The frust 15 a registered ¢h•rity. number SCO50415 and is con5titirtcd under a Trust Deed doted 29 July 2020.
REFERF.f4CE AND ADMINISTRATIVE DETAIIS
Regi¥tÈred Charity n￿Mber
SC050415
Page I

Fri￿Clp￿1 addre55
Millcr, Berken & Jarkson
190 St Vincent Street
Glasgow
G2 5SP
*niiDer
r & McGibboK LLP
C.harteTed Accnuntani%
145 St Vincent Strcet
Glasgow
G2 5JF
Solieitr•Y$
Miller Beckett & Jackson Limited
Solicitors
190 St Vincent Stre
Glasgow
02 5SP
Jnvestment Jdvisers
RBC Brewin Dolphin
12 Smithfield Sireet
l.ondon
ECIA9BD
royed b OTd¢r of tlie board of trusiees on....
. and signcd on its khajf by..
Page 2

I report on the accounts forthe year ended 31 August 2024 set oui on pages four to eleven.
Respecdve responsibilities of tn￿le¢S gnd ¢xaminer
The charity's irnrtee5 are reswnsiblc for the prtparatlDn of the ￿O￿lS in a¢¢ordan¢¢ with the tenns of the Charities
and Tn￿te¢ Investtncnt {Srotland} A¢t 2005 ond the Charities Accounts (Scotland) R¢8ulations 200618s a￿nded1. The
chariws trustees ¢OTisid¢r that the audit requiTcment of Regulation l 011)l&l to {¢) OC Ihe Accounts Regulation5 does lJOt
apply. It is my responsibility to ¢xamiTJe lh¢ accounts as required under Section 44(1)IrJ of the Atl and io Stsie whether
particular matters hov¢ ¢ome to my attentio￿.
Bisl8 of the Indepexdent examiner's rewbrt
My examination was caffied offi in accordance Mqih Regulation I l of the Charilies Acco￿￿[S IScoiland} Regulatioiis
2006. An examinaiion includes a review of t]ie ac¢vunling record5 kepi by th¢ eharity and a coniparisDn ofthe accoun15
presented with those Tecords. It alsts includes consideration of any uThusual items or dis¢105U￿s in the i¢¢out)ts, and
steking explaAatlDnS from you as truslees concerning any such matter5. The pro¢¢dur¢s und¢rtaken do not providc all
the evidence that would be required in an audit, and consequently I do not express an a￿lt opinion OD the view given by
the ac¢ount$.
Independent tiarniner's statement
In connection with my exalnination. no matter his come ￿ my auention '.
(l) whi¢h gives me reasonable cau5¢ to b¢li¢Y¢ that. im m8t¢rial r¢spect, the requirements
¢0 keep accoutiting re¢ords in a¢cord￿¢e with Section 4411)lal of the 21X)5 Act and Regulation 4 of the 2006
A¢counig Regulations. and
to prepare accounts whi¢h x¢ord with lh¢ accounting records and to comply wlth Regulation 8 of th¢ 2006
Accounts Regulations
have not b¢¢n m¢t.' or
12) to which, in my opinion, attentloll 5htsuld be drawn in order to enable a proper understanding of the a¢¢ount$ to I
a¢hed.
McLa>' McAli5t¢r & McGibbon LLP
Chartered Accoiintants
145 Si Vitb¢ent Street
Glas8OW
G2 SJF
Dale..
Page 3

31.8.24
Total
fund5
31.8.23
Total
funds
Unr¢sirirtcd
Endowm¢ni
fvnd
Note5
INCOME AND EP4DOWMENTS FROM
Donations and legacies
763
763
Investm¢nl irKom¢
42.912
42.912
42,894
Tot#1
43,675
43,675
42,894
EXPETrIDITURE ON
Raising
13.824
13.824
11,816
Charitable activities
Support COSt5
GrAnt5
7,560
34,5(
15,840
23,4(
34,500
27,674
34.000
Total
42,060
29.664
71.724
73,490
Net gain$l{losses) on investments
260,025
260,025
{14,898)
NET If4COMEI{EXPENDrruRE)
1,615
230J61
2J1.976
145,494)
RECONCII.IATJON OF FUPIDS
Total fihnds broJ8ht forward
84.905
1.987.479
2.072.384
2.117.878
TOTAL FUNDS CARRIED FORWARD
86.520
2,217,840
2,304,360
2,072 JR4
The JM>tes fonn paTt of these financial slgtements
Page 4

31.8.24
Total
funds
Uni¢strici¢d
fvnd
Endowmeni
fund
Total
funds
Note5
FIXED ASSETS
Investments
2.220,242
2220.242
1,925,560
CURRFNT ASSETS
Cash ID hand
94,081
14,024
108,105
174,427
CREDITORS
Amounts fallin8 due Mryihin one year
10
17,561)
(16,426)
{23,987}
(27.603)
NET CURREiYT ASSETS
86,520
{2.402)
84.118
146,824
TOTAL ASSETS CURREf4T
LIABILITIES
86,520
2.217,840
2.304,360
2,072.J84
NET ASSETS
86.520
2,217,840
2,304,360
2,072,384
FIINDS
Unresirifftd funds
EndoM'm¢nt funds
li
86.520
2,217,840
84,905
1,987.479
TOTAL VUNDS
2.304,360
2,072 J14
The fin
nti
ment5 ￿re approved by the Board of Tnjstees and authorised for issue
IIIE! I4LfL.%jUtiLd on it$ b¢half by=
on
The noles fomi part of these finaDcial statements
Page 5

ACCOUNTING POLICIES
Bg$1s of prepArlDg the fmancial 5tatenkDts
The fjnttncial ￿alen]entS of tlie ¢lwity, thi¢h is a publi¢ b￿l¢fir ¢ntity under FRS 102, havc IKcn prepared in
a¢¢ordanc¢ the Charitics SORP {FRS 1021 'Accounting Reporting by Chariti¢s: Stot¢m¢nt of
Re¢￿￿￿ended Practic¢ applicable io ¢hariti¢s Pr￿alIng their atcgunts in accordance with the Financial
R¢portitt8 Stsndard Applicable in the UK and Republic of ITcl#nd (FRS IQ2) leffectiv¢ l Janugry 20191..
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Chllrities Ttustee Investh)ettt (Scotlandl Act 2005. The financial siaiemenis have been
prepared under the historical cost convention, the ex¢¢piion of inve51ments Ththi¢h are included at rnarket
value, as modifi¢d by the revaluation of certain askts.
TneoM¢
All income is recogni5ed in ihe Siat¢n)ent of Financial Activities once the charity has entitlement to the funds. it
ig probable that the income will be received and the amount Can be measured reliably.
EIpenditure
l.iabilitie5 are reciJ¥riistd as expEnditure as soon as there is a legal or consiThdive obligaiion wrnmitting the
charity to thai rxpendi¢ure, it is probabl¢ that a trdnsfer of econoinic benefits will bc required in settlement and
thc amoilnt of thc obligation can b¢ Tncasurd ￿lIablY. Exp¢nditur¢ is a¢¢ounted for on Sn accnmls basis and has
b¢¢n rl4ssifi¢d under headings that aggreggte Étll cost related to the cat¢gory. Wh¢r¢ r05ts cannc%t bc dirtrtly
attributed to particuiar hradings th¢y hav¢ b¢en aSlo¢at¢d to a¢livitie$ on ¥ basis ¢onsistent with the use of
resourc¢s.
Grants offeTed subj¢¢t to conditions which hav¢ noi been met at the year end da* ar¢ Th￿ed as a ¢ommitm¢nt but
t a¢¢rued as ¢xp¢ndiivre.
Allocatlon #rtd apportionm¢n¢ of costs
Governonce costs comprise all ¥osts involving th¢ publi¢ a¢counl¥biliiy of the chajity 4nd its compliance with
regulatsons and 8ood praciice. These costs include costs related to statutory audii and legal fees.
T9Xa¢￿ll
The tliarity is exempt from tax on lis charitsble activities.
Investments
Inv¢5tn)¢nts are recw2sed initially at fair value which is normally the transaction price ex¢luding transa¢¢ion
C051s. Subsequently, th¢y are measured at fair value with changes recognised tn knet gains l {Iossc5) on
investments, it) the SOFA if the sh&res are publically trAded or their tair value ¢an otherwis¢ be meAsured reliably.
Current asset investments are short terni highly liquid investsnents arnd are held at far valu¢. Trse in¢lude cash
on deposil and cash equivalents with a maturity ofiess than one year.
INVESTMENT INCOME
3J.8.24
31.8.23
Dividends
42,912
42.894
Page 6
¢ontinu¢d...

IL4isif4G FUNDS
Investment Ib)#Dagement ¢osts
31.8.24
31.8.23
Portfglio mdnageDient
11,816
CHARITABLE AcrtVJTIES COSTS
Gtht)t
fundins of
acliviiies
(Sce tK)te
Support
Costs (5CC
not¢ 61
5}
Totals
Supwrt costy
GTants
23,400
.400
34,500
34,500
34.500
23,400
57,9)0
GRANTS PAYABLE
31.8.24
31.8.23
Grants
34,500
34,000
The iothl graJJis paid to inllitutions durin8 tlie yearwas a5 follow5-
31.8.24
31.8.23
BeatKJn Cancer
Hom¢ Starl, Clackmannanshirt
Mercy Ships
Play Alloa
Rathel Housc, Kinr035
Sauchic Active 8
St Margarpt's Home, Polmont
Strathcarrtsn Hospi¢e
Sunshijje Wishes
The Gate Charity
Brit15h Red Cr05S•Ukn*ine Disaster Funrf
Salvation Anny
SCO
5.OQO
4.000
3.000
5,000
3.000
3,000
5.000
2,000
4.000
4.000
4.000
2.000
4,000
2,(rf)O
2.000
4,000
2.000
4,000
2,01)0
34,500
34.000
Page 7
ntinued...

SUPPORT COSTS
Governance
¢osts
M4nagement
Tolals
Supp)rt costs
18,720
4,680
23,400
Supp)rt costg. included ID ihe above, are as folloivs..
31.8.24
Support
Costs
31.8.23
Total
Factor fees
lThJepend¢nt exominer fees
18.720
4.680
24,674
3.000
23.400
27.674
TRUSTEES REMVNERATION AND BENEFITS
There were rn trLLStees' remurteraiion or other benefit$ for the year ended 31 August 2024 nor for the year ended
31 August 202).
Trustees, exptnses
Ther¢ were no truslees, ¢xpen8es pahd for die year ended 31 Au8u5t 2024 r￿r for the y¢8r ended
31 August 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACYIVITIFS
Unrestricted
fund
Endowment
fund
Total
nds
INCOME AND ENDOWMENfs FROM
Inve5tmcnt income
42,894
42,894
EXPENDITURE ON
Raising funds
11.816
11.816
Ch#r114ble A¢tfvltks
Support costs
Grnnts
6,960
34,000
20.714
27,674
34,000
Tot41
40.960
32.530
73.490
Net gain511105SCs) on invcslnjer
114.898)
(14,898)
NET INCOMEI{EXPENDrrLIRE)
1,934
{47,428}
(45,494)
RECX)tYClLIATION OF FUIYDS
Totsl fvnd5 brought forward
82,971
2.034.907
2,117,878
TOTAL FUNDS CARRIED FORWARD
84,905
1,917,479
2,072,384
Page 8
¢onilliu¢d...

FIXED ASSET INVEsfMLf¥TS
Listed
invc51m¢nts
MARKET VALUE
Al I September 202)
Additions
Dispo.vls
Revalualiu￿%
1,925.560
382.092
(347.4351
260,025
At 31 Aususl 2024
2.220,242
NET BOOK VALUE
At 31 August 2024
2.220.242
Ai 31 AuguM 2Q23
1.925,560
The investments ofthe Trust art reco8nised on UK and iniemationai sto¢k eXCl￿e5.
Cost or waluation at 31 August 2024 is represented by..
Listed
investsn¢nts
Valuation in 2024
2,220,242
The cosl of Listed Fixed Assel Inveslmenls held on 31 August 2024 is £1,819,040.
CREDITORS: AMou￿rS FALLING DIJE WITHif4 ONE YEAR
31.8.24
31.8.23
Other ¢r¢ditors
23.987
27.603
MOVEMENT IN VUNDS
Net
tnov¢menl
in funds
At
31.8.24
At 1.9.23
ljnrestricted funds
G¢neral fund
84.905
,615
86,520
EhdoThThent fwnds
Capitsl fund
.987,479
230,361
2217,840
TOTAL FUNDS
2,072,384
231.976
2,304,360
Page 9
conlinued...

MOVEMEIYT IN FUNDS- ¢4bntinued
Net movement in funds, included in Ihc abov¢ are a5 follows-
Incoming
r¢sources
R¢sour¢es
expended
Gains and
losscs
Movernent
in funds
Unrestrieted funds
Generaj fvnd
142.Q601
1,615
EndoiYn)ent fuTJd5
Capital fund
{29,6641
260,025
230,361
TOTAL FUNDS
43.675
(71,724)
260.025
231,976
Comparatives for movemellt io funds
Net
movement
in funds
At
31.8.23
Ai 1.9.22
UnrestriLtsd fund5
Gcttera] fvnd
82,971
1,934
84,905
Endowment funds
Capital fund
2,034,907
(47,428)
,987,479
TOTAL FUNDS
2,117,878
(45,4941
2,072.384
Comparative net rnovcmcnt in funds, in¢luded in th¢ above ar¢ as follows..
Incoming
r¢sourc¢s
R¢source8
expentkd
Gains and
IosKs
Mov¢tnrnt
in fuMIs
Unrestricted funds
Gefieral fund
42.894
{40.960)
1,934
EndowTheDt tunds
Capital fund
132.530)
(14.898)
{47,428)
TOTAL FUNDS
42.894
(73,490)
(14,898}
{45,494)
Page 10
ntinued...

MOYF.MENT IN FUNDS- eontinued
A current y¢ar 12 month5 and prior year 12 months ¢ombiThed ￿￿1t10Th is &5 follows..
Net
movement
in fL)nds
At
31.8.24
At 1.9.22
Unreslricted funds
GeD¢ral hrjd
82,971
3,549
86,520
Endowmtnt fund5
Capiial fund
2,034,907
182,933
2.217.840
T(yfAI. FIINDS
2,117,878
186.482
2,304,360
A Cu￿ent year 12 months and prior year 12 months ¢ombit)ed n¢t movement in fjjnds, included in the #Eove are
as follows..
Incoming
resour¢¢s
Resources
ex￿nd¢d
Gains and
lossts
Movement
in fuTrd5
UThrestrlrt¢d thnds
Gcneral fuTKI
86.569
(83,020)
3,549
Endowment
C2piial
(62,194)
245,127
182,933
TOTAL FIJNDS
86,569
1145,214)
245.127
186.482
12.
RELATED PARTY DISCLOSURES
is a diT¢Ctor And sh#r¢hold¢tr of Mill¢r Beckett & Jackson Ltd. Fa¢ioiial F¢¢$ of £18,720 12023..
£22,59014te du¢ to this wmphny.
Page 11

31.8.24
3 1.8.23
INCOME AND ENDOWMENTS
Dongtion$ and legatie5
Other income
763
Ixv¢stment incorne
Dividends
42,912
42.894
Total resourees
43,675
42.894
EXPENDITURE
I￿vestment mgnagement C￿$11
Portfolto managemeni
13,824
11,816
Choritable actii'ities
GrAn15 to institutions
34.500
34.000
Support Costs
M9Dagemenl
FactOT fee5
18,720
24.674
Govern*nee cosTS
Indep¢nd¢nt ¢xaminw fees
4,680
3,000
Total resourccs expend¢d
71.724
73,490
Net expenditure Ixfore yln$ losses
(28.049)
{30,596)
Reilised recogHised gaths and losses
Realised gainsl(10s5¢5} on fjxed &sset invc5tmenis
260,025
{14,898)
Net inromeJ(txp¢DditDr¢)
211,976
{45.494)
Thi5 pag¢ do¢¥ not fonn part of th¢ stabjtory finthy¢ial stat•n¢nls
Page 12