North Shore Charitable Trust
Accounts for sixteen months ended 31 March 2026
Charity Number: SC053781
North Shore Charitable Trust
Report and Accounts for sixteen months ended 31 March 2026
| Contents | |
|---|---|
| Reference and Administration | 3 |
| Trustees’ Annual Report | 4 - 5 |
| Independent Examiner’s Report | 6 |
| Receipts & Payments Account | 7 |
| Statement of Balances | 8 |
| Notes to the Accounts | 9 |
Page | 2
North Shore Charitable Trust Report and Accounts for sixteen months ended 31 March 2026
Reference and Administration Details
| Charity Name | North Shore Charitable Trust |
|---|---|
| Charity Number | SC053781 |
| Contact Address | 26a St Mary’s Road, Bishopbriggs, Glasgow, G62 6DH |
| Trustees | Alison Margaret Brien (appointed 13 November 2024) |
| Philip Keith Brien (appointed 13 November 2024) | |
| Elaine Johnston (appointed 13 November 2024) | |
| Iain Moffatt Johnston (appointed 13 November 2024) | |
| Independent Examiner | Val Gilchrist MA CA |
| 275 North Deeside Road | |
| Milltimber | |
| Aberdeen | |
| AB13 0HA | |
| Bankers | Co-op Bank |
| 1 Balloon St | |
| Manchester | |
| M4 4BE | |
| Shawbrook Bank | |
| Floor 10 | |
| 40 Leadenhall Street | |
| London | |
| EC3A 2BJ |
Page | 3
North Shore Charitable Trust Report and Accounts for sixteen months ended 31 March 2026
Trustees’ Annual Report
The trustees present their first Report and Accounts for the Period Ended 31 March 2026.
STRUCTURE, GOVERNANCE AND MANAGEMENT.
Constitution
The Charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered on 13 November 2024. The charity is a single-tier SCIO with a Board. The people serving on the Board are also charity trustees and members of the organisation for the purposes of the Scottish Charities Act.
Appointment of trustees
Trustees are those who initially signed the trustee declarations when the charity was incorporated. New trustees can be appointed by the Board. There must be a minimum of four and a maximum of nine trustees.
Objectives and activities
Charitable purposes
The Charity’s purposes are: (a) the prevention or relief of poverty, (b) the advancement of education, (c) the advancement of health, (d) the advancement of citizenship or community development, (e) the advancement of the arts, heritage, culture or science, (f) the advancement of environmental protection or improvement, (g) the relief of those in need by reason of age, ill-health, disability, financial hardship or other disadvantage.
Activities
The charity was established with a gift to create an expendable endowment fund, so that the annual income can be used to award small grants to local community-based groups which further the charitable purposes of the organisation. Given the limited resources available, the Trustees do not have the capacity to respond to unsolicited applications from large regional and national charities.
Achievements and Performance
In this initial period of reporting since incorporation on 13 November 2024, the Trustees have invested the funds in suitable long-term accounts to generate initial income. The aim is to re-invest 50% of income each year to grow the endowment fund, which will generate higher annual income for future distribution.
Future plans
The Trustees will make first small grant awards in the coming financial years.
Financial Review.
The total income for the period was £33,466. In this initial period of reporting there was nil expenditure resulting in a net income of £33,466.
Reserves Policy
The Trustees have determined to grow the expendable endowment fund to generate higher annual income for future distribution.
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North Shore Charitable Trust Report and Accounts for sixteen months ended 31 March 2026
Statement of Trustee Responsibility
The trustees prepare financial statements which give sufficient details to enable an appreciation of the transactions of the charity during the financial year. The trustees are responsible for keeping proper accounting records which, on request, must reflect the financial position of the charity at the time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and must take reasonable steps for the prevention and/or detection of fraud and other irregularities.
The trustees declare that they have approved the report above.
Signed on behalf of the charity’s trustees:
Iain M Johnston
Iain Johnston (Trustee) 4 August 2026
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North Shore Charitable Trust Report and Accounts for sixteen months ended 31 March 2026
Independent Examiner's Report to the Trustees of North Shore Charitable Trust
I report on the accounts of the charity for the period ended 31 March 2026 which are set out on pages 7 to 9.
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) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts 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 independent examiner’s statement
An examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration 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 view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 44 (1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Val Gilchrist
Val Gilchrist
Date: 5 August 2026
275 North Deeside Road Milltimber Aberdeen AB13 0HA
Page | 6
North Shore Charitable Trust
Report and Accounts for sixteen months ended 31 March 2026
| Receipts and Payments Account | Receipts and Payments Account | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Restricted Endowment | Total | |||||||||
| Funds | Funds | Funds | Funds | |||||||
| Receipts | £ | £ | £ | £ | ||||||
| Donations | - | - | 32,898 | 32,898 | ||||||
| Investment Income | ||||||||||
| Bank interest | - | - | 568 | 568 | ||||||
| Total receipts | - | - | 33,466 | 33,466 | ||||||
| Payments | ||||||||||
| - | - | - | - | |||||||
| Totalpayments | - | - | - | - | ||||||
| Net Receipts/-Payments | - | - | 33,466 | 33,466 | ||||||
| Unrestricted Restricted Endowment |
Total | |||||||||
| Funds | Funds | Funds | Funds | |||||||
| £ | £ | £ | £ | |||||||
| Transfers Between Funds | - | - | - | - | ||||||
| Net Surplus/-Deficit for the Period | - | - | 33,466 | 33,466 | ||||||
| Funds Brought Forward | - | - | - | - | ||||||
| Funds Carried Forward | - | - | 33,466 | 33,466 | ||||||
| The notes onpage 9 form an integralpart of these accounts. |
Page | 7
North Shore Charitable Trust
Report and Accounts for sixteen months ended 31 March 2026
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Statement of Balances
Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
£ £ £ £
Balances Brought Forward 13 Nov 2024 - - - -
Annual Movement - Excess of Receipts/-Payments - - 33,466 33,466
Closing Cash and Bank Balances - - 33,466 33,466
The bank balances at 31 March 2026 are made up:
Co-op Bank Charity and Commmunity Bank Account 298
Co-op Bank 95 Day Notice Account 1,168
Shawbrook Bank CAF 12 Month Fixed Rate Saver Issue 8 32,000
Total 33,466
Signed on behalf of the Trustees:
Philip Brien
Philip Brien (Trustee)
04 August 2026
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North Shore Charitable Trust
Report and Accounts for sixteen months ended 31 March 2026
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Notes to the Accounts
1. Basis of Preparation
These accounts have been prepared on the Receipts and Payments basis in accordance with the
Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations
2006 (as amended).
2. Movements in Funds
13-Nov 31-Mar
2024 Receipts Payments Transfers 2026
£ £ £ £ £
General Fund - - - - -
Restricted Fund - - - - -
Endowment Fund - 33,466 - - 33,466
Total funds - 33,466 - - 33,466
Purpose of Funds:
Endowment Fund
An expendable endowment fund to generate annual income for awarding small grants to
local community-based charities.
3. Trustee Remuneration and Related Party Transactions
No trustee received any remuneration during the period and there were no transactions with related
parties.
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