Hugh & Mary Miller Bequest
Latest income
£117k
Latest spending
£170k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net expenditure of £249,368.77 for the year, driven by net investment losses of £196,720.35, despite generating £117,254.51 in investment income. Per the trustees' report, unrestricted reserves stood at £3,084,656.49, and the trustees consider the financial position to be sound with adequate resources for the foreseeable future.
What the accounts disclose
Related-party transaction: Shepherd and Wedderburn LLP, engaged as Secretaries, are a related party because the Directors of Vindex Trustees Limited (one of the Trustees) are members of the firm. Fees charged were £16,977.20.
“The Directors of Vindex Trustees Limited, one of the Trustees, are members of Shepherd and Wedderburn LLP. Included in the expenses are fees charged by Shepherd and Wedderburn of £16,977.20 (inclusive of VAT) for professional services, £11,817.20 was paid during the year and £5,160.00 is outstanding at the year end.” — page 14
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Dyslexia Scotwest, a charity where Trustee Alexander Mowat is a Director, received a donation of £2,100.00.
“The Directors of Vindex Trustees Limited, one of the Trustees, are members of Shepherd and Wedderburn LLP. Included in the expenses are fees charged by Shepherd and Wedderburn of £16,977.20 (inclusive of VAT) for professional services, £11,817.20 was paid during the year and £5,160.00 is outstanding at the year end.” — page 14
Per FY2025 accounts as filed with OSCR.