THE GUNTRIP TRUST SCIO Scottish Charity Number SC051488 Trustees, Annual Report and Financlal Statements For the year ended 31 March 2026 THE GUNTRIP TRUST SCIO TRUSTEES. REPORT AND ACCOUNTS FOR THE PERIOD I APRIL 2025 TO 31 MARCH 2026 A Scottish Charitable Incorporated Organisation (SCIO) ScO￿lSH CHARITY NUMBERSC051488 Trustees The Trustees serving during the period were as follows.. The Revd Helen Alexander The Very Revd Frances S Burberry The Revd Roy Henderson Mr Gavin McEwan, Bursar The Revd Kenneth Owens, Treasurer Dr lohn Shemilt Dr Gail Taylor The Revd lain l M Telfer, Chair Mrs l [oyce Watkinson, Secretary Prlncipal office .10 Cairn Gardens, Inverurie, Aberdeenshire AB515ND Independent examiner Cahal Dowds, Rosefield, 6 Whitehouse Terrace, Edinburgh EH9 2EU Bankers I'he Royal Bank of Scotland plc, Bruntsfield Place, Edinburgh EHIO 4DF Constitution and objects The Guntrip Trust wa5 e5tabli5hed by Trust Deed on 15 June 1994 and was registered as a charity with the Office ofthe Scottish Charity Regulator {OSCR) under Scottish charity number SC022956. On 12 January 2022 the charity was incorporated a5 a Scottish Charitable Incorporated Organisation {SCIO) with Scottish charity number SC051488. The principal objects of The Guntrip Trust SCIO are the advancement ofeducation and training in the field of human relation5 and the provision of bursary help for ministers, priests and rabbis. also, 3ncluding those in roles of religious leadership. ordained or not and working in a paid or voluntary capacity in Scotland and the North of England,. and wishing to use the resources of psychotherapists accredited by appropriate bodies, as approved by the Trustees from time to time. Organisation The Trustees who served during the period are set out above. Trustees are selected for appointment by the current trustees who take into account the benefits of appointing a person whose personal or professional qualificatlODS could make a contribution to the objects or management of the Trust. The Trustees normally meet at least three times each year in order to consider policy and projects and to assess bursary applications, fundraising and the genei-al administration of the Trust. Bursary and grant making pollcy Applications are invited from suitable candidate5 and are assessed confidentially by the Bursar and one other Trustee. IF deemed to satisfy the Trll5t's qualifying criteria, followlng due consideration, a recommendation to award a bursary for financial assistance towards payment of fees will be made to a meeting of the Trustees. Grants may also be made to fund projects aimed at furthering the Trust's objects. Financlal review The Trusvs main source of funding during the yearwas interestpayments (£604.98) and the main expenditure incurred during the year was for individual awards. Income in the year totalled £630.14 (prioryear £7,723.26) and expenditure totalled £1914.07 (prior year £2,522.39). The Trnsvs assets at the year-end had a total value according to the balance sheet of £21,959.79 (prior year £21,838.36). Total net resources were £9,016.12, comprising Restricted Funds of £3723.39 and Unrestricted Funds of £S292.73, with £12,943.67 in Investments. There are no outstanding liabilitie5. The main change in the total value of the Trusvs assets over the year was due to an increase in the investment portfolio. Grants amounting to £1,630.00 have been made in the past year, compared with a figure of £980.00 in the previous accounting period. EfForts continue to ensure potential qualifying appllcants for 5UPPOrt are aware of and have easy access to the Trust. We endeavour to remain relevant and able to offer support where and when required. One of the chief ways of doing this is through our website. Review of activltles and future developments No annual lecture was hosted in the past year. Instead, an invitation from the Dean of the University of Edinburgh School of Divinity to collaborate in 'A Continuing Ministerial Developrnent Dav was accepted. lune Campbell MPhil, Dipsw, retired Adult Psychoanalytic Psychotherapis¢ formerly Adult Psychotherapist and Lead Clinician in Childhood Sexual Abuse Service, Royal Edinburgh Hospital and former Trustee of The Guntrip Trust kindly agreed to present a lecture entitled, 'Can Psychoanalytic Thinking be Useful in Troubled nmes?, This was followed by two further presentations, one by Trustee Helen Alexander, who delivered a talk on 'The Life and Work of Harry Guntrip.. Christian Minister and P5ychotherapist', with a final presentation by current Chair lain Telfer, who outlined the origins of the Trust and the continuing support it offers those in ministry. As a result of this collaboration, the Trust was invited to submit an article for publication in Theology in Scotland 26.1.. Theology and MentL71 Heolth, under the tltle, WeL7thering the storm.. Reflecting on the usefUln￿S ofpsychotherapy in troubled times, the orwins of The Guntrip Trust and the resources itoffers those in ministy,. Trustees look forward to hosting future events, which offer stimulating ways of looking at the work of the Trust and making our work more widely known. The Trust has enjoyed a period of stability this year with no changes in Trustee membership, while anticipating the resignation of The Very Revd. Frances S Burberry, whose tenure as Dean olthe Episcopal Diocese of Edinburgh will shortly come to an end. We are grateful for the interest and support Frances has given to the work of the Trust over the past nine years and we look forward to welcoming her successor. Over the year, several enquirie5 regardÈng bursary support were received. We are pleased to report, after due consideration, six individual bursartes were awarded towards psychodynamic counselling fees. As reported last year, Trustees are aware of current pressures on ministers and church leaders at a time of change and reorganisation in the Church as a consequence of declining congregations and enforced restructuring. Following conversations with representatives of Faith Nurture Forum of the Church of Scotland, an approach has been made to one Presbytery, inviting participation in a project to pilot a short-term reflective group for ministers. The purpose of which would be to enable those taking part to reflect on the psychological impact of change, in thÈ safety of a confidential spa￿, guided by a psychotherapist and a minister provided by the Trust. As a modest piece of research, it Is intended to gather feedback from participants, in order to assess whether, as a mode2 ofpeer supporL there are benefits which could be offered elsewhere. Trustee remuneratlon and expenses The trustees did not receive any remuneration or expenses during the year, other than reimbursement of out-of-pocket expenses incurred in the exercise of their duties. Investment policy and reserves Closure of M&G Charibond Fixed Interest Fund: Following closure of this fund on 19th June 2025, and after consideration of various options, it was agreed to invest half the funds in the M&G Equities Charifund and half in the M&G Multi Asset Fund, both of which carry a slightly greater risk than the original fund. Investment policy of the charity remains unchanged, combining relatively high liquidity with relatively low risk. Consequently, funds not immediately required to cover the Trnst's cash flow are either placed on fixed deposit or invested in units of 3 managed fixed interest fund. Meetlngs of Trustees Two ordinary meetings of the trustees convene on Zoom, whilethe third includingthe AGM meets in person, through the generous hospitality of law firm Turcan Connell. Independent Examlner Earlier this year, trustees were pleased to approve the appointment of Mr Cahal Dowds as Independent Examtner. Minute Secretary Trustees wish to record their appreciation to Miss Dorothy Davidson who ably ￿]f11S the duties of Minute Secretary and in a variety of ways lends valuable support to the work of the Trust. Approved by the charity trustees on 5th June 2026 and signed on their behalfby Signed l Joyce Watkinson Printsd name 5th June 2026 Date Report of the Independent Examlner Independent Examlner's Report to the Trustees of The Guntrip Trust SCIO This is a report on the accounts ofthe charity lor the year ended 31 March 2026. Respective responsibilities of Trustees and Examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2008 (as amended}. The charity trnstees consider that the audit requirement of Regulation 10[lJ(d) of the Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention. Basis of the Independent EXa￿l￿er'S Statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts {Scotland) Regulations 2006. An examination illcludes a review of the accounting records keptby the charity and a comparison of the accounts presented with those records. It also includes considerdtion of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts. Independent examinerfs statement Jn the course of my examination, no matter has come to my attention.. which give5 me reasonable cause to believe thatin any material respect the requireTnents: to keep accounting records in accordance with section 44(1)[a) of the 2005 Art and Regulation 4 ofthe 2006 Accounts Regulations, and b. to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have notbeen meL or 2. to which, in rny opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name of Independent examlner Cahal Dowds CA Address Rosefield 6 Whitehouse Terrace Edinburgh EH9 2EU Sfignature of independent examlner Date 20thApril 2026 Statement of receipts and payments For the year ended 31 March 2026 Year ended Prior year 31 March to 31 March 2026 2025 Receipts". Voluntary income, grants a7)d donations 5345.89 Income tax recovered 25.16 313.61 Investment income 604.98 556.84 Ticket income from lecture or events 1506.92 Other Receipt from investment sales 1483.56 Tot21 630.14 9206.82 Payments: Bursaries and grants paid 1630.00 980.00 Costs of lerture or events 250.00 1515.34 Governance expenses Secretarial and other expenses 34.07 27.05 Other Total 1914.07 2522.39 Jncreaseldecrease in value of investments 1405.36 -288.00 Surplus (deficit) for the year -1283.93 6684.43 Balance sheet Year ended Prior year 31 March to 31 March 2026 2025 Fund5 reconclliatton Opening balance 10300.05 3615.62 Add surplus (subtract deficit) for year -1283.93 6684.43 Closlllg balance 9016.12 10300.05 Represented by Restricted funds Unrestricted funds 3723.39 5292.73 5353.39 4946.66 Total funds 9016.12 10300.05 Investment value at 315t March 2026 12943.67 11538.31 Total fund Includlng Investments 21959.79 21838.36 The notes on the following page form an integral part of these accounts. Approved by the Trustees on 5th June 2026 and slgned on their behalfby.. Signed Kenneth Owens Printed name 5th June 2026 Date Note5 to the accounts Basis ofaccountlng These accounts have been prepared on the receipts and payments basis in accordance with the 2005 Actand the 2D06 Accounts Regulations. Nature and purpose of funds Unrestricted funds are those that may be used at the Trustees, discretion in furtherance of the objects of the Trust. Restricted fLLnds may only be used for specific purposes. The restricted funds held by the Trust in the relev2nt year were held for group work and individual bursaries. Bursaries and grants pafid Jn the year in question, the number of indivldual bursaries and grarLts paid was £1630.00 (prior year £980.00): Purpose of grant Number Individual/lnstitution Amount (£) Supervision/Counselling Individual £1630.00 Trustee expenses Travel or other expenses reimbursed to the Trustees durinE the year totalled £0 (prior year £0). Related party transactions There were no transartions in the year involving any charity trustee or any person connected to any charity trustee.