INVERCLYDE DISTRICTTALKING NEWSPAPER SCOThISH CHARITY NO. SC002020 ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026 page I INVERCLYDE DISTRicf TALKING NEWSPAPER TRUSTEES, ANNUAL REPORT For the year ended 30 April 2026 Charity No. SC 002020 Contart Address clo Lilian Oevine, 112 Rowan Court. Port Glasgow Current Trustees Margaret Hanley (Chairperson) Myra Potter Isecretarvl Lilian Devine ITreasurerl Governsn8 Document The Charity 15 governed by the iules of the Inverclyde District Talking Newspaper Association. Appointment of Trustee5 Trusteè5 are appointed by election at the Annual General Meeting. Management The trustees ar& responsible for the management and governance of the association. Charitable Purposes To relieve the blind, 01 visually impaired, or those labouring under some temporary Of permanent incapacity or disability which makeg reading a Strain, by provision of recorded media and other necessary equipment to allow them to receive this information otherwise than by reading. Attivities and Achievements The Association continue5 to fulfil its charitable purpose by the distribution of tapes and other necessary equipment. The main source of income continues to be from donation5. During the yèar to 30 April 2015 the association received substantial one-off donation from the Erskinè Orr trust. The trustee5 took the opportunity to seek Independent Financial Advice and as a result of this placed some £70,000 of funds into an investment account with Succession Wealth Manaeernent Ltd. At 31st March 2026, the value of the portfolio, after relevant charges, was £94,169.7912025 £93,989.81). £7,000 was drawn down in August 2025 to meet ongoing commitrnents. The trustees consider that curreni reserve5 are adequate to ensure the continuation of current activities for the fore5eeatile future. AUDITORS The Auditors, Messrs Welsh Walker Limited. have indicated their willinEne55 to continue In office and a rèsolution re- appointing them will be proposed at the Annual General Meeting. Approved by the Trustees and signed on their behalf. Margaret Hanley Trustee 22. June 2026 page 2 INVERCLYDE DISTRicf TALKING NEWSPAPER STATEMENT OF RECEIPTS AND PAYMENTS For the year ended 30 April 2026 Unrestricted Funds 2026 Unrestricted Funds 2025 Note Receipts Voluntary Receipts Donations 40 70 Payments Cost of Charitable Activities Management & Governance Cost5 957 285 898 218 1,242 1,116 IDeficitl for year 11,202 1 11,046 1 Transfer of funds from investments 7,000 Balance transferred to reserve5 5,798 11,046 1 The notes on page 4 and S form an integral part of these accounts. page 3 INVERCLYDE DISTRicfTALKING NEWSPAPER STATEMENT OF BALANCES As at 30 April 2026 Unrestricted Funds 2026 Unrestricted Funds 2025 FUNDS RECONCILIATION Cash at Bank 30 April 2025 IDeficitl on Receipts & Payments Account Transfer from investments 1.446 2,492 11,046 1 7,000 Cash at Bank 30 April 2026 7,244 1,446 Bank Balances Treasurers Account 7,244 1,446 Investments Funds Invested IMcKnight Financial Management) 94,170 93,990 94,170 93.990 Other Asset5 Equipment 183 244 All Funds are unrestricted. The Notes on page 4 form an integral part of these accounts. Approved by the Trustees on 22 lune 2026 and signed on their behalf by Margaret Hanley CHAIRPERSON Lilian Devine TREASURER page 4 INVERCLYDE DISTRicf TALKING NEWSPAPER NOTE5 TO THE ACCOUNTS For the year to 30 April 2026 l. Basis of Accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities & Trustee Investment Iscotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006 las amended). 2. Nature and Purpose of Funds Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objetts of the Charity. The trustees maintain a single unrestricted fund for the day to day running of the charitv. 3. Donations Received 2026 2025 Inverkip HL¢b Others 20 50 40 40 70 4. Cost of Charitsble Activities Rental Equipment Editors Insurance Donations Travel Costs Secretary Costs 318 12 290 218 50 69 319 40 239 155 30 66 49 957 898 page 5 INVERCLYDE DIsTRI￿TALKING NEWSPAPER NOTES TOTHE ACCOUNTS IconVd.I For the year to 30 April 2026 5. Management & Governance 2026 2025 AGM Expenses Audit Fee Bank Charges 51 180 54 50 285 218 6. Investments Brought Forward Charges Uplift in value Transfer to cash fund5 93,990 91,702 8,406 17,000 1 3,504 94,170 93,990 page 6 WELSH WALKER LIMftED Chartered Accountants 179A Dalrymple Street, Greenock PA15 18X Tel. No. 01475 722233 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF INVERCLYDE DISTRICT TALKING NEWSPAPER FOR THE YEAR ENDED 30 APRIL 2026 Opinion We have audited the financial statements of Inverclyde District Talking Newspaper Ithe'charity'l for the year ended 30 April 2026 which comprise Statement of Receipt5 and Payments, Statement of Balances Sheet and related notes to the financial staternent5, including a summary of significant accounting policies. In our opinion, the financial statements.. 85ve a true and fair view of the State of the charity's affairs as at 30 April 2026 and of its deficit for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. have been prepared in accordance with the requirements of the Charities and Trustee Investment IScot13ndl Act 2005 and regulètions 6 and 8 of the Charitie5 Accounts (Scotlandl Regulations las amended). Basis for opinion We conducted our audit in accordènce with International St3nd3rds on Auditing IUKI IISA5 IUKII and applicable law. Our responsibilities under those standards are further described in the Auditof's responsibilities for the audit ol the financial statement5 section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant io our audit of the financial statements In the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities sn accordance with these requirements. We bèlieve that the audit evidence we have obtained Is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial Statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements Is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity'5 ability to continue as a going toncern for period of at least twelve Fnonths from when the financial statements are authoTised for issue. Our respon%ibilitle5 and the responsibilitie5 of the trustees with re5PeCt to going concern are described in the relevant section5 01 this report. Pa8e 7 INVERCLYDE DISTRI￿ TALKING NEWSPAPER INDEPENDENT AUDITORS, REPORT Iconvdl Other inform3tion The other information comprise5 the infortllation included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are re5POnsible for the other inforrnation. Our opinion on the financial statements does not cover the other informatioll and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility IS to read the oth@T inforrnation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially mi5Stated. If we identify such material inconsistencies or apparent material mi5Statemernts, we are required to determine whether there is a material misstaternent In the financial statements or a material mi55tatement of the other information. If, based on the work we have performed, we conclijde that there is a material mi55tatement of this other information. we are required to repori that fact. We have nothing to report in thi5 Tegard. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and it5 environment obtained in the course of the audit, we have not identified material mi55taternents in the trustees, report. We have nothing to report in re5pett of the followin8 matter5 in relation to which the Charities AccoL¢nts (Scotlandl Regulations 2006 las amended) requires us to report to you if, in our opinion.. the information give in the financial statements is inconsistent in any material respect with the Trustees, annual report,. or proper accounting records have not been kept., or the finantial statements are not in agreement with the accounting rÈcord5', or certain disc105ure5 of Trustees, remuneration specified by law are rTrot made,. or we have not received all the information and explanations we require for our èudit. ResponslbllltSes of tfustees The trustees are responsible for the preparation of the financial 5tatem&nts and that they are free from materia5 misstatements. page 8 INVERCLYOE DISTRICT TALKING NEWSPAPER INDEPENDENT AUDITORS, REPORT Iconydl Auditorfs responsibilities for the audlt of the financial Statements We have been appointed as auditor under Section 44llllcl of the Charities and Trustee Investment Iscotlandl Act 2005 and report in accordance with the Act and relevant regulations mède or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from mater1al rni5Statement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of a55urance, but Is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or erior and are considered rnaterial if, individually or In the aggregate, they could reasonably be expected to influence the economic deci510ns of users taken on the basis of these financial statements. Irregularities. ineludinE fraud, are instances of non-compli3nce with laws and regulations. We design procedure5 in line with our re5pon5ibilitie5, Outlined above, to detect material misstatements in respett of irregularities, Including fraud. The extent to which our procedures are capable of detecting irregularitie5, including fraud 15 detailed below.. In identifying and assessing risks of material misstatement in respect to irregularities. including fraud and non- compliance with laws & regulations. we considered the following.. Enquirie5 of management. including obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to.. Identifying, evaluating and complying with laws and regulations. Whether they were aware ol any instances of non-compliance. A5 Wlth all audits perforrned under ISAS IUKI, performance of procedure5 to respond to the risk of the management override of controls. We obtained an understanding of the legal and regulaiory frameworks In which the charity operates. focu5sing on those laws which had a direct effect on the material balante5 and di5c105ures in the charity'5 financial statements. Key laws & Tegulations considered in this context were.. Charities Accounts (Scotlandl Regulations 2006 In addition, considered other laws & regulations that do not have a dtrect effect on the financial statements, but compliance is nece553ry for the continued tsperations of the charity. or to avoid a material penalty. Our procedures to respond to the risks identified included the followinÈ= Reviewing the financial statement disclosure5, and tèsting to supporting documentation. Enquiring of management concerning any actual or potential litigation or claims. Reviewing minutes of meetin85 of those chaiged with governance, and correspondence with OSCR. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. http.-//frc.org.uk/auditorsre5ponsibilitie5. The description forms part of our auditorfs report. page 9 INVERCLYDE DISTRICT TALKING NEWSPAPER INDEPENDENT AuD￿ORs, REPORT Icont'dl Use of OUT report Thi5 report is rnade 5tr1ely to the charity's trustees, as a body, in accordance with section 44llllcl of the Charities and Trustee Investment IScotlandl135 3rnendedl Act 2005 and regulation 10 of the Charities Account5 (Scotlandl Regulations 2006. Our audit work has been undertaken so that we might state to charity's trustees those matters we are required to state to them in an Auditorfs report, and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone otherthan the charitws trustees. a5 a body, for our audit work, for this report, or for the opinions we have formed. Tracey Orr (Senior Statutory Auditorl 22"June 2026 For and on behalf of Welsh Walkèr Limited Chartered Attountants Statutory Auditor 179A Dalrymple Street Greenock PA15 IBX Welsh Walker Limited is ellgible for appolntment as auditor of the charlty urmlèr reBulation 10121 of the ChzritiÈs Accounts Iscotlandl Re8ulations byvirtue of its eligibility under sertion 1212 of the Companies Act 2006.