DwJs*Jn EnbEkJpe ID: E80D501&7l4CFA-B-F2O858oS(938 Scottish Charity No SC050514 MARGARET'S CHARITABLE TRUST TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 Brodies LLP Caprtal Square 58 Morrison Street Edinburgh EH3 88P T. 0131228 3777 Ref. KPI.MAR2392
DwJs*Jn EnbEkJpe ID: E80D501&7l4CFA-B-F2O858oS(938 MARGAREfs CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE PERIOD ENDED 31 MARCH 2025 Reference and administrative detaih of the Charity, its trustees and advisors Scottish Charity No SC050514 Contents Reference and Administrative Infiymation Trustees, Annual RerK)rt Independent Examiners, Report Statement of Receipts and PayTnents Statement of Balances N(rtes to the Financial Statements Page 7-8 Registered office & Solicitor5 BrDJies LLP Caprtal Square 58 Momson Street Edinburgh EH3 8BP Investrnent managers Charles Stanty & Co Ltd 2 Muttrees Walk St Andrew Squa Edinburgh EH1 3DQ Independent examiner Br(xlies LLP Caprtal Square 58 Morrison Street Edinburgh EH3 8BP Bankerg Royal Bank of Scotkgnd 36 St Andrew Square Edinburgh EH2 2YB Acc 2025 R_23S2 31Mar 2025 IR+PI(81186724.11.xls Brodies
DwJsJn EnbEkJpe ID: E80D501&7l4CFA-B-F2O858oS(938 MARGARET'S CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE PERIOD ENDED 31 MARCH 2025 The trustees present their report ah)ng wrth the financial statements of the charity for the year to 31 March 2025. The financial statements have been preparaj in xcordants with the accounting policies set out in note 1 to the accounts and comply wrth the trust deed. Structure, Governance and Managèfflent Establishment of trust Margaret's Charttable Trust {'Ihe tmst") was established by the Deed of Trust dated 20 September 2020. The trust is a registered Scottish ChaTty {Charity no: SC050514}. The trust is also recognised for charitable tax purposes wrth HM Revenue & Custcths (ST04117). Trustee meetings and appointment -rotsd a.'as of strategy and areas of ivty for the trust including consKleration of grant making. investment reseNes, risk management and perfomance. Risk management The trustees have assessed the risks to whrch the tnjst is exposed. in particular those related to the operations and finances of the trust and are satIsfd Ihal systems are in place to rn"9ate all exposure to major risks. The trustees consbjer vanabilty of voluntary income as one of the major risks, and therefo the trust uses the servKes of Charles Stanley & Co Lid investment adviseFS. Objectlves and Activitios Tt purposes The Deed of Trust sets out wide reaching chaniable purroses. whereby annual income shall and capital may be paid for the purposes Ident1 as applicable frcffi section 7 cl the 2005 Act. Activitie5 Wrth consideratK)n to the trust purp)ses. apPIatiOnS for dabOn5 are submrttgj to the trustees. The applications a considered and a decision is then made whether the applicathjn has been SUC$$fUl, and where appropriate, the subsequent level of award. In ld[tion to inviting applications, the trustees idenlfy causes which further the trust puws and collectNdy deCe to make an ard. Achievements and Perfonnance The objectives of the charity during the year were to support charitEs chosen by the trustees. This was done by making donations as detailed on note 8 of the accounts. The donations made during the period of the a¢count amounted to £25.000.12024.£25,0001. Flnanclal Revlew As al 31 March 2025 the reNtnue balance was £32,560.43 (2024.. £21.772.45>. ReseNes at 31 March 2025 were £1.377.725.14612024 £1,405,169.87). Acc 2025 IAAR_2392 31Mar 2025 {R+PX81186724.11.xts2 Br¢)Jies
DwJsJn EnbEkJpe ID: E80D501&7l4CFA-B-F2O858oS(938 MARGAREfs CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE PERIOD ENDED 31 MARCH 2025 Roserves policy It is the poly of the trusl to maintain furKls at a 1 sufficwt to facilitate grant payments and cover management. adMIntrat costs. Investment policy The trustees use the services of Chath Stan as their investrnent advix)rs. The policy is to look for a balan of income and rapital gr(yrfrth wrth a medium risk profile and a medium prionty for inrne generatim. Future Plans The trustees intend. for the time being, to award donations within the revenue generated. allowng the Gapital to gr¢)w to provide a lastsng fund to meet rts obiectNes. Statement of the trustees. responsibilities The trustees are responsible for preparing the Trustees. Annual Report and Ihe financral slalements in accordance wrth appIable law and Unrted Kingdom Accounting Slandards (Unrted Kingdom Generally Accepted Accounting Praclice). The law applicable to charities in Scolland requires the trustees to prepare financial statements for each rinancial year which give a true and fair vie4V of the state of affairs of the trust and of the incoming resources and application of resources of the trust for that penc4J In preparing these financial stalements. the trustees are required to: select surtable accounting policies and then apply them consistentl. i)bserve the meth(Mls and principles in the Charities SORP. make judgements and estimates that are reasonable and pnKlent: prepare the financial statements on the going rKern basis unths rt 15 inappropriate to presume that the tnjst will Gontinue The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the financial posrtK)n of the trust and enable them to ensure Ihal the financial statements compW with the Charities and Tnjstee Investmenl (Scolland) Act 2005, the ChaTTties AcGounts ISGollandl Regulations 20CE {as amended) and the provisions of the trust's constrtution. They are also responsible for safeguarding the a55ets of the trust and hence for tskirrfJ reasonable steps for the prevention and detection of fraud and other irregularities_ Approved on and 5igne<l on behalf of ITe :rus:. b/ 22 2025 Trustee Acc 2025 MAR_2392 31Mar 202S IR+PX81186724.11 xlsA Brodies
DwJsJn EnbEkJpe ID: E80D501&7l4CFA-B-F2O858oS(938 MARGARET'S CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2025 I report on the financial statement5 the year to 31 March 2025 whth are set out on pages 5 to 8. Respective responsibilitios of trustees and independent exarniner5 The chartys trustees are responsible for the preparatbon of the accounts in accordance with the tems of the Charrties and Trustee Investment IScotkqnd} 2005 Act and the Charrties Accounts (Scollandl Regulations 2006. The charty trustees consthr that the audit requiremenl of RegulalKJn 10(1 } (dl of Ihe Accounts ReguMions does not appty. It is my responsibilty to examine the accounts as required under sectK)n 44{1) (c) of the Act and to state ether partKular matters have Come to my attentK)n. Basis of Independont examlnees statement examination is carried out in accordan wrth RegubatK)n 11 of the CharitS Accounts {Scotlandl Regulations 2006 An examination includes a review of the accounting rewrds kept by the charity and a companson of the accounts presented wilh those records. It also includes consHleration of any unusu items or disclosures in the accounts and seeks explanatnS from the trustees concerning any such matters. The procedures undertaken do not provKle all the evidence that would be required In an audrt and. Gonsequentty. I do not express an audrt opInn on the accounts. Independent examiner's statement In the course of my examination. no matter has come to my attention which give$ me reasonab cause to belbeve that in any m8rial respects the requirements.. to keep accounbng records in accordar)ce wrth Seth'on 4411 Ila) of the 2005 Act and Regulation 4 of the 20C6 Accounts Regulations. and to ppare aGcounts which &cord wFth the accounting records and comply wrth Regulation 9 of the 2006 Accounts Regulations have not been met. or 2 to which. in my opinion, attentK)n Shkj be dravm in order to enable a proper understanding of the nanereo AccoUnnI Brodies LLP Caprtal Square 58 Morrison Street Edinburgh EH3 88P 2025 23 De(nb 2025111.07 AM GMT Acc 2025 MAR_2392 31Maf 2025 IR+P1181186724 11 xilx Brc4Jies
DwJsJn EnbEkJpe ID: E80D501&7l4CFA-B-F2O858oS(938 MARGARETS CHARITABLE TRUST STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDED 31 IAARCH 2025 Unrestrlctsd Caixtal Funds Revenup Funds 2025 Total 2024 Total Recelpts Investrnenl income Bank Interest 36.023.74 24 36,023.74 364 24 39,309.18 255.36 Total Ro¢olpts 3S.387.98 36.387.98 39.564 54 Payments DC05 Investment m8nagernwrt cr)sts Adminislralion costs 25.fXX). 25.CCQ.C(I 8.348 18 1.200.00 25,IKX).00 7.920.14 3.300 00 .348.18 4Jo cx) 8.948.18 25.600 34.548.18 36.220 14 Invesbnents PLJrrhased Investrnents reISed 149 91460 149.849 59 149.914.60 149.849.59 223.751.68 220.293.18 Totsl Payments 9.013 19 25.6QK) CQ 34.613 19 39.678.64 8urpluJ for y•ar 901319 10.787.98 1.774.79 114.10 . Acc 2025 MAR_2392 31Mar 2025 IR+PX81186724.11.xl8X Brods
DwJsJn EnbEkJpe ID: E80D501&7l4CFA-B-F2O858oS(938 •AARGAREfs CHARThABLE TRUST STATEMENT OF BALANCES AS AT 31 MARCH 2025 Uftr•Wi¢ted Cawtsl Funds ReTrue Funds 2025 Total 2024 Total Cash Funds OnIng cash at bank aThJ in hand Reipts and payments surpluslldeficrtl Closing cash at bank and in harm 23.968.52 21,772.45 4S.740.97 45.855.07 9.013 19 14.955 33 10.787.98 32.560.43 1.774 79 1141 10 47,515.76 45.740 97 Bank and cash bathnces Bank of Scolan(J Royal Bank of SeA)UarKI Charfes Stanley & Co Ltd 12 865 2,09) 33 14.955 33 8.554.431 41 11486 32 $60 43 4.310.57 43.205.19 30.146 33 15.594 64 47.51576 45.740 97 In%5trnts at market value 1.330.209 40 1.330.209.40 1.359.428 90 Total Reserves 1.345,164.n 32,560A3 1,377,725.16 1,405,169.87 2(r25 Trustee Acc 2025 R_2392 31Mar 2025 IR+P1181186724 11)Jsx
DwJsJn EnbEkJpe ID: E80D501&7l4CFA-B-F2O858oS(938 MARGARETS CHAR ABLE TRUST NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2025 1 B•si8 of accounting These accounts have been prepared ¢Jn the Reip1S an¢J Payments basis in accordance wth the Charities and Trustee Investment Iscotland) 2W5 and the Chanbes Ar£JxJnts (Scodandl Regulation 2CMX las amended). 2 Nture and Purpose of Fundj Unrestricted funds are those that may be us&J at the diS¢Jetn of ihe trustees in fijrtherance of the objects of the charty The trusfs unrestricted fvnds compnse of a Capital and a Revenue fund Capital is the invested funds gerErate the inLyJme Irevenuel. Revenue is the incL)me received from caprtal investments. Both funds are subject to exFenses. Donabons are usualty paid frwi the available Revenue balan Hower trustees are free to use wther furM1 lor any wrr•)se in furtheranf ol the charitable purposes. il Uy so detemine. Administrakn"on costs have been allo2led betsen to (awlal for this the first ac(n11n9 pericKI, as all late to the estsblL8hment of the ctsnty 3 VAT The trust is registered for VAT xcorth.ngty expwKliiure irlUdeS VAT there appropnate. 4 Taxation The trust is a charty and 15 recoJnised as SLKth by H M Revenue & CUStS for taxalIc purF¥xes. As a result Ire is no ltats.lity to taKth" on any of its Ir¢e. 5 Employees The tnjst had no emptyees at b.me duriThJ the year. 6 Tntyte •xp•n$ 2025 £ nil12024.. £ rril). 7 Investments Investments are qLK)ted on International Stk Exchanges and S&ed al market value. Investsments are vie*r0 al least yeaty by the Inveslment managers and changes in the portfdio are made on th•r recommendation within thw"r di5rydionary mandate. 2025 2024 OFening market value Add. Acquisits"ons at cost Less Disposals proceeds 1.359 428.) 1.288. 49 149.914 60 223.751.68 149.849 59 220.293 18 Net Ilo$sllgains on realisab.on Net Ilossesllgains on revaluakn'on 21,581221 7.703 29 7.794 SS 59.212 35 Closing market valu8 1.330,209 40 1.359.428 9) Histoneal costs of investments 1 198.316.32 1,219,832.53 . A(£ 2025 MAR_2392 31Mar 2025 IR+PK81186724.11. Bro(Jie5
DwJsJn EnbEkJpe ID: E80D501&7l4CFA-B-F2O858oS(938 MARGAREfs CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 IAARCH 2025 8 Charltsble Donatlor¥s 2025 2024 Bcmel CarTrcer UK zheimers Swety Chesham Fold TRA Leeds Baby Bank Resurrected Biles Ctynmunty Intwest Company Windyvrdy Trust Sense Trusts RNLI North West .1 Ambula Yorkshire AMlae Harrogate NHSFT E.L.D.S.S.G LOEr Moss Wo(xl Wildlife Rehabilrtats"on s,.C(l 2,5CMJ 2.9.[1 2,.cA) 2.XQ ty) 5.(KNJ.LX) 2,SJ) (N) 2,gXJ.C 2..) 2 SCQ.C(I 2.5.00 2.00 25.CO).C(J 25.] 9 Inve8tm•rrt mana9em•nt Costs 2025 2024 Chades Stanley & Co Ltd 8.348.18 7,920.14 10 Admlnitratlon Coats 2025 2024 Brod5 LLP AdminIstratsc fees for ye 1,2QJO) 3.WJ.IX) 1,2QKJ.(M) 11 Guararrtee8 and Commltments Thefe are no conb'ngent liabilitses al the balan sheet dale. . Acc 2025 MAR_2392 31Mar 2025 IR+PH811e6724.1l.&K Brodies