DwJs*Jn EnbEkJpe ID: E80D501&7l4￿CFA-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&7l4￿CFA-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 DwJs*Jn EnbEkJpe ID: E80D501&7l4￿CFA-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 satIsf￿d 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 T￿￿t purposes The Deed of Trust sets out wide reaching chaniable purroses. whereby annual income shall and capital may be paid for the purposes Ident￿￿1 as applicable frcffi section 7 cl the 2005 Act. Activitie5 Wrth consideratK)n to the trust purp)ses. apPI￿atiOnS for d￿abOn5 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 deC￿e to make an a￿￿rd. 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 DwJs*Jn EnbEkJpe ID: E80D501&7l4￿CFA-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. adMIn￿trat￿ 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 in￿rne 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 appI￿able 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