REGISTERED COMPANY NUMBER: SC059807 (Scotland)

REGISTERED CHARITY NUMBER: SC003084

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2026

for

Duthie Trust Limited (The)

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

12

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objective of the charity

The objective of the charity is to relieve those in need by reason of age, ill health, disability, financial hardship or other disadvantage.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The service provided by the charity is called the "Good Morning Service" which is the provision of early morning calls to the elderly and infirm who are registered with the charity, to confirm that all is well with them and that they are not in need of any assistance. Any non answers are also investigated and acted upon.

FINANCIAL REVIEW

Financial position

There was no change in the business of the charity throughout the year and no change is envisaged in the foreseeable future. There was a deficit of £1,484 (2025: £1,422) for the year and the deficit carried forward is £273 (2025: surplus of £1,211).

Reserves policy

The charity is supported by donations from the Miss WC Duthie Trust, one of whose objects is to support the activities of this charity. Miss WC Duthie Trust has sufficient designated resources to support the charity at its current level of activity for the foreseeable future.

No major changes are anticipated.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

The organisation is a registered charity and a non-profit making company limited by guarantee. It is managed by the trustees; who are also the directors. These trustees are long standing and have experience of managing trusts of all sorts. The members' liability is limited by guarantee and, in the event of winding up, does not exceed £5 per member.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC059807 (Scotland)

Registered Charity number

SC003084

Registered office

c/o James & George Collie

1 East Craibstone Street

Aberdeen

Aberdeenshire

AB11 6YQ

Trustees

James and George Collie Trust Services Limited

F F McLennan

Company Secretary

James and George Collie LLP

Independent Examiner

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

Approved by order of the board of trustees on 26 June 2026 and signed on its behalf by:

F F McLennan - Trustee

I report on the accounts for the year ended 31 March 2026 set out on pages four to twelve.

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 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) 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 the independent examiner's report

My examination was 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 seeking explanations from you as 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 connection with my examination, no matter has come to my attention :

(1)	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 to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2)	to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Ruth Howie CA

The Institute of Chartered Accountants of Scotland

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

Date: .............................................

31.3.26

31.3.25

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

11,040

13,185

Investment income

3

25

7

Total

11,065

13,192

EXPENDITURE ON

Charitable activities

4

Good Morning services

12,549

11,770

NET INCOME/(EXPENDITURE)

(1,484

)

1,422

RECONCILIATION OF FUNDS

Total funds brought forward

1,211

(211

)

TOTAL FUNDS CARRIED FORWARD

(273

)

1,211

31.3.26

31.3.25

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

10

-

5

CURRENT ASSETS

Cash at bank and in hand

11

1,675

3,137

CREDITORS

Amounts falling due within one year

12

(1,948

)

(1,931

)

NET CURRENT ASSETS/(LIABILITIES)

(273

)

1,206

TOTAL ASSETS LESS CURRENT LIABILITIES

(273

)

1,211

NET ASSETS

(273

)

1,211

FUNDS

13

Unrestricted funds

(273

)

1,211

TOTAL FUNDS

(273

)

1,211

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 June 2026 and were signed on its behalf by:

F F McLennan - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Members liability

The members' liability is limited by guarantee and, in the event of winding up, does not exceed £5 per member.

2.	DONATIONS AND LEGACIES

31.3.26

31.3.25

£

£

Donations - WC Duthie's Trust

10,843

8,079

Other donations

197

5,106

11,040

13,185

3.	INVESTMENT INCOME

31.3.26

31.3.25

£

£

Deposit account interest

25

7

4.	CHARITABLE ACTIVITIES COSTS

Direct

Costs (see

Support

note 5)

costs

Totals

£

£

£

Good Morning services

10,769

1,780

12,549

5.	DIRECT COSTS OF CHARITABLE ACTIVITIES

31.3.26

31.3.25

£

£

Staff costs

10,505

9,441

Rates and water

-

72

Light and heat

-

62

Telephone

213

295

Sundries

46

62

Depreciation

5

1

10,769

9,933

6.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.26

31.3.25

£

£

Depreciation - owned assets

5

-

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

8.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.26

31.3.25

Administrative (part time)

2

2

No employees received emoluments in excess of £60,000.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

13,185

Investment income

7

Total

13,192

EXPENDITURE ON

Charitable activities

Good Morning services

11,770

NET INCOME

1,422

RECONCILIATION OF FUNDS

Total funds brought forward

(211

)

TOTAL FUNDS CARRIED FORWARD

1,211

10.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025 and 31 March 2026

705

DEPRECIATION

At 1 April 2025

700

Charge for year

5

At 31 March 2026

705

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

5

11.	CASH AT BANK AND IN HAND

31.3.26

31.3.25

Total

Total

funds

funds

£

£

Cash in hand

50

50

Bank deposit account

1,625

3,087

Total

1,675

3,137

The charity's bank accounts are held in the name of James and George Collie Solicitors, on behalf of the charity.

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Social security and other taxes

140

94

Accrued expenses

1,808

1,837

1,948

1,931

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.25

in funds

31.3.26

£

£

£

Unrestricted funds

General fund

1,211

(1,484

)

(273

)

TOTAL FUNDS

1,211

(1,484

)

(273

)

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

11,065

(12,549

)

(1,484

)

TOTAL FUNDS

11,065

(12,549

)

(1,484

)

Comparatives for movement in funds

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

(211

)

1,422

1,211

TOTAL FUNDS

(211

)

1,422

1,211

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

13,192

(11,770

)

1,422

TOTAL FUNDS

13,192

(11,770

)

1,422

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.4.24

in funds

31.3.26

£

£

£

Unrestricted funds

General fund

(211

)

(62

)

(273

)

TOTAL FUNDS

(211

)

(62

)

(273

)

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

24,257

(24,319

)

(62

)

TOTAL FUNDS

24,257

(24,319

)

(62

)

14.	RELATED PARTY DISCLOSURES

The trustee/directors of the charitable company are also trustees of the Miss WC Duthie Trust. During the year the company received donations amounting to £10,843 (2025: £8,080) from the trust.

The trustees of the charitable company are also partners in James and George Collie Solicitors who act as the company secretary. During the year James and George Collie Solicitors were paid £1,045 (2025: £1,206) in respect of those services.