2025-02-28-accounts

REGISTERF.D COIIP..I%)' %I'%IBER: SC049329 lstoil*nd} REC:ISTTr.RTr.D CII.4RITI' NLI1BER:.%C￿S004 R Tr"P()RT OF THE TRI'STF.F.% AID TrINA%CIAI. STATF.%IF.NTS FOR TIITr. I'EAR E%DED 28 FEBRL'ARI. 202$ FOR 'riifr- BTr-NTr.I'C)I.Tr-NT SOC.IF.T)' ()F TIITr. I.IC&.NSTr:D TRADE OF SCOTI.AND 1804 'ben • The Scottish Drinks and Hospitality Industry (harity AzcLs Audit Sm'ict Charterd AccountsnLS S4iuiopi Auditor Tithnium I Kin8'% Inch Pl￿t Renfrrn. PA4 811'F

'OTICE OF 1IEF.TI￿C FOR THE I'EAR ENDF.D 28 FF.BRUARY 2025 N()TJC"F. is herebj. gli en ihat ihe F()RTI' SEI'EN'TH ANNLIAL CJENF.RAL MI--I.'TINCi of the Benevolent Society of Ihc Licenscd Trade of Scoiland M'ill bc held ai Drygatc Brew'er).. 85 Dr)'gate. Glasgoii. CJ4 OLIT un Thursday •4 April ?0?5 at I 1.00 a.m. to trdnsaci the lollom'ing business... Ordinan. Business To recei¥e and ddopi ihe Direciors Report and ihe Sialemenl of AccounLs for Ihe ye<ir Lndcd ?8 FcbTuary 2025. To clccl thc Prcsidcni. To elecl Direclors_ To appoint audilors. To iransaci any oiher orJiiiJn bii%inLSN. Bi. order of the Board c.hief Execuli%'e A member eniiiled io i'oie ai ihe meeiing may appoini a proxy lo attend and i'ote iiislead of him,'her. A proxy need not be a n)cmb¢r of ihe SocictN'. A form of proxy is attached to document and should be lodged ai ihe Registered oifice al lea5148 hours before thc commencemeni ol'ihe meeting.

THE BF.NEI"OI.F.NT S()CIEn' ()F THE LICENSED T]LIDE OF SCOTL..tND CUNTENTS OF THF. FIN.4%C'I.4L S"T..ITE%IENTS FUR THE I'E.4R E%DED 211 FEBRL.4RI' 202$ Pa2e Report of the Trustet5 Rcport ol the IndtpttsdeDt .4uditor5 7 10 10 Siatemtttt of FinaDtial.4rtii'ilies Balnre Sheet 12 Csh Flts SittmeDI otes to the C*$h Flow Si•temethi 14 otes to the Fir49n¢i•l Si•iemenis 15 10 25

THE BENEI'()LENT SOCIF.TTr' C)F TIIE LICENSF.D TR,IDE OF SC"()TL..IND RF.PC)RT ()F THF. TRIISTF.F.S FOR THF. Tr'F.,IR ESDF.D 28 FF.BRII,IRV 2024 The tNsi¢¢s pr¢sLnl ihcir annual ITUStL'es' rcp(>rt io¥ciher with the financial siaiLmcnLS of th¢ charity foT Ihc year ending 28 FLbruaTS' 2n•5 which are also preparcd 10 mcL¢ ihc requir¢m¢nls for a dircc¢ors' rcp()n and ac¢ounts for Colnpanies Act PUTPi)ses. The financiJl 51alLniLni% Loniply with IhL CliariilC5 and Trusice Ini'cslincni (Scoilandl Act tyons the Chariii¢s Accounts (Scoilandl RLgpulaii()ns 21KI() las aniendcdi. Ilic C'onipanics Aci •nllfi. Ilic Mcmvrandum and Arti¢lLs of Associu&iin. and AccounlingT and Rcpi)ning by C'hariiics.. Sialcnicnl vf RLftinimcndcd Pra¢licL applicable lil ihariiii¥ prcparing Ihcir a¢counis In acc()IdancL wilh ihe Financial RcponiThg Standard applicabll in Ihl LK and Rcpublic uf IILland IFR5 10? ()bjecti%'e and airns TIIL C-liJriiy'S i)hjL¢llI'C% are sei In its McmL)Tandum and Articlcs of A550ClJtion. The Chariry a¢hicvcs Lts oUJ"cctii'es b!. pri)I'iding di)Jialions and ¥iranl.4. ThL%L pa!'m<ni% arl in IhL fonn lif holiday gif¢%. ('hrislJiia% gifts and twic¢ yLarly pensic)n pavmeiii% iogeihcr i%'iih onc ()tTad hoc amiiuni%. Indii'idua15 appls b). 3pplicaiii)n and subscquenily recc)Vc a i'isii li) csiablisli th¢ ILI'el of necd. This ILI'CI (If nLed ￿l￿¢t￿)D¢S Ihc typc of bjianl ILceivid e.gt. oli¢ off gran15 are Lven In Lmcrg¥ncv.siiuations wlicrcas penqions urc g?Iven lil Jid with dal. to day living. The chariiy ￿l)rked in partnership with 1105pilality HLalth amongst oilieTS io ensure thc mosi rclei'ani us¢ of r¢souTce5. ()IkVF.CTII'F.S AND ACTII'ITIES ,lehi¢i'cmenis. P¢rformAnc¢ &nd FiDgnriAI Rel'ic Ovtn'ic TIIC yLar lo 8 FLbruars. tyn25 has coniinu¢d (o b¢ an unprcccdenied pLrii)d ￿1th rh¢ ¢osl of living cri5LS Cvrttin￿ng duc 10 high fuc) and fo(xl L(1%15. ThL l)ngoing fucl crisis ¢onlinue5 to haNe a maj()r impact on Ihc Drink5 and Hvspiiali Industry. and thcri'fthiL ThL BEN. Thc ubiliiy Io gTLnL TalL J 4miK)Ih Iliiifv af rLI'inuc ri)niinucd duc lo ihL 4ULC¥SS 1)fihc Rcn aiinual dinncr. Plip and li(isccco loi)k placc auJaLn in Ma). ?n74 IugL¢her wilh Mar 14all golf and BoogiL Bingii. TIIL Pro Am was oncc again hLld at Dundonald. A ¢onccrted aini Lif the BF.N thi5 yL'a¥ was l() raisc awar¢ncss lo a widcr audicncL to gcncrdic pol¢nlial incomc and• wider population of bencficiarics. Impacl on Incom¢ C'()rpx)r)Ic and ni)n-corpiTrraic supportcrs gcncrously diinaild Ic) as%isl Thc IIEN in hclping H(1spii#liiy sccior ¢tnploiecs pa%1 and prescni. atTccicd bN' highcr running cos15 ltick i)f fi)oitall. Our main siiurrLs É)f Jn¢omL tor ihc ycar from dLinalion5. in 5()m< ca%LS 1)nc-i)t'l' dL)naiii)ns froin gcner()US LOryK)rai< mcmh¢rs. online fundraising Ic.g. lhn1u￿'h Jusi Givin81. and w'ith L>iher aciivitics such as OUT ladie5 alld golfing? cvenis. 11 orkingi in partnLrship ￿,1117 K.D. Mcdia. allow'cd ucces¥ l(1 run rafnL% ai IliL BLcr, Gin and Whisky Aw'ards. th¢ Iliilcl EniL¥tainmcni Award.$ run by Paramounl C'TcatlVL. the SLT Ncws Awards and Ihc Whisky Aw'ards •[ Oran M()i. Inicstmrnt LpdAtc li 1% Illi ￿)11¢% i)I' IhL charity lo maintain frce rc5crN-Ls ai a ILI'cl which cqualcs lo approximatily six mi)nihs unrcsirictcd LxpLndiiuri. Tli¢r¥ ar¢ adequaic rescrve5 to covLr Ihis 5iiuaiii)n. In accordaiice with IhL MLmi)randum and Artklcs of Assi)¢ialjoii. Ilic Ir115teCs hai'e IhL P()WL T Iv Ini'Lsi in .%vch sliicks. sharc and invLsimLnis and property in thL Ulliled Kingdoni as ihcy scc fil. and we CUTTLnily use Evclyn Pann¢rs lo adl'isc u5 In Ihis area. nurin& this ￿rIOd wc continued i() liai5c with our s1()ckbri)k¢rs to cn%uTC OUT InvcsimLnis wcr¢ safe. Following vdlalilily Jn ihl %li)¢k mark'LI ThL BIN niadc a nct gyain Jni'Lsimcnis of £IOI.n53. Ilow"e%'er Ihc iotsl tunds carried fonybrd has dccrc)sLd by ari)und £6.7%9. Thi niarkel i'aluc of Ihc ini'L51mLnl P(?rtfi)ljÉi ai 2X Fcbruary 2Q?5 i% I1.841.658. pn)i'iding Thc BEN iviih a co tinued saf¢ry ncl for, it is ho￿d. gTLneTaliiin5 lil LiimL. ThL closing i'aluc of iiur ini'c51meni is £97.119 liighcr than the pK'kivus year. TIILSC InN'LSlmcnls gTLnLraiLd an inLI?mL l)1- 1_47,15• This was LL)nSJslLni with th¢ prL￿11)US yeur and Ihcsd funds gen¢raiLd coniinue lo bl Lrucial in aLtil'LIy sUPtx)ning th¢ bcneficiarils uf ThL BF.N' in thcs¢ dit'ficuli timc5. Pag¢ I

THE BENEI'I)I.F.NT.%OCIF.TY OF THE I,ICEYSED TRADE UF SCUTLAND RF.PI)RT C)F THF. TRI'.STEF.S FUR TIIF. I'F.AR F.NDF.I) 28 FF.BRII,IRY 2024 I)WF.C"TIVF.S AND ,ICTII'ITIF.S ..%chie%'emcnis, Performance and Fin&n¢iAI Re%'i¢w {¢ontlnued) IWho helped Iti rclaiii)n ILI g7ranls and nioni¢s paid out lil Ihvse in nccd. Il is fair 10 say that the cost lif living crisis coniinued io see an unprecLdLnlcd dcniand for assistancc fr()n) The BEN. largely fron) cniployc¢.% in th¢ hi)%piialii}' and drinks se¢i(Ir. The BF.N giftcd £178,9¥fF of grJn¢s i() bcncficiDTIC5 12024 - £95 7121. aff¢clcd by Lhc cosi of living crisis - some of i'h(>n) faLcd IhL nii)si difficult of circum51anccs. A furthcr £911.1)4111)f funds wab dislrLbulLd lo IhL cxisling and n¢w ben¢fici)rics who rrtuniiiLs whlre ihcy becotnL ak'ailablc. Our Amb&ssfidors Our AJiibassadc)r% Jrc IhL litebliilid of The IILN TIIc>' i'lsil c)ur man} hLneCILiariLS aclLtLbi as a link and a frieiidly facc, as ¥'LII as liclpinb? ii'iih fun(IrJi.sin&i and relationshjps H ith our man). suppon¥r% and spuns1?r5. Thc Atnba55adors fvr Thc BEN arL comniiii¢d i(} Vl%ll LaLh ￿'nt'fIClary' at Icasl Iw'icc a year ILI as%¥s% riccds and Jlsi) lil prvvidL SIILial supp()rt a5 rcquircd. l)ur An)bas5ad(Ir% ulso priividc invaluabl¢ sup]xiri lil Ihe Tru5t¢cs in fund Tai51nbT and s()ur¢inbi {)f auciii)n pri7.cs. They aiiLnd cvcnts lo aid with fundraising. Pagc 2

THE BENF.I"OI.F.NT %()CIETI' OF THF. I.ICENSED TR,IDE I)F SC()TL.4ND REP()RT ()F THF. TRI'STEES FOR THE I'F..IR F.NDED 2¥ FF.BRI'.4RI' 21124 ()WF.C'TII'E% AND.4CTII'ITIES ,l¢hici¢m¢nts. Perform%nre Flrtncil Rei'iew l¢oThliDuedl Our Board Thc FliiaTd ()f Trusiccs coniinucs to cvolve as ncw membcrs ji)In and 4)ihcrs sicp th)wn. Il'c ￿'¢l¢Omed new Tru51¢LS. and said tarLwLII iii IhoK whi)sc iimc it w'as Io st¥p dow￿. ()r whi) had li) l¢ai'c for w()rk iir i)Iher r¢asi)ns Wc ciirfinuc 10 51rive ILI hail IhL appriipriJi¢ skill and hcadcounl to mccl i)ur currlni and PTojccl¢Yl rLNuiTLm¢nis and coniinuc IQ LnsurL '¢ di4cus5 SUCClS51()n planning. .4 iraining s¢s5ion look place ￿1th our la%y¢rs. Shcphcrd and WcddcTburn lo farbiliarise Ili¢ BiTrard wilh IhLir rLII¢s and rL4)onsibiliiics. TRATLC:IC' REPIPRT Tr uturt Dcicloprn¢ntS I'L JrL Li>niiiiuinbTr Liur rLN'iCW vf lijng iemi Income and ¢xpendiiure. ThL annual dinnLr Tcmains tM)pular w'ith l.n8a pcvple in allcndancc. Wc ￿￿nasLd 10 raise OI'CT LI￿.(￿M7 lin thc This JchJL¥'Ld bs iickei sales. using 1)ur grand pri7c draw and i'arioiis Llth¢r fund-raising ac11￿.111¢S including a• onlinc silcnl auction. A w'inlLr &Tiani in IhL IllC)nih c)l- JanLhur)' was 15SULd io hLneficiari&s ￿h1) wcrc ni)1 rcccii ing Ihl Cii)i'imni¢ni M'intLr full PayT21Lnl. ThLSI bTrani% tsl-up li) tsnd includinbv L I.IMM> WLre Issuld aftir lia%'in& pcr50nal Lilni'er￿1i￿ns wilh appliran15 I sci huw wc can bLs1 hLlp ihL Indii'iduJl%. whil Can d¢m4)nstrJii %ignificanil)' r¢duc¢d funds J% a rLsuII iTrf high inllalii)n. living cc)s15 and r￿ucLd working hours. Wc will coniinu¢ lo oltcr Ihis Suppon Ihroughvui 20?5. Wc c()niinuc ic) promi)li lh¢ churii>' awarene$ io Ihc M'ider trad¢ through new ei'cnts and by targ¢ting social mLMIts. Wi Li)niinuL io mak¢ full us¢ of the rc$pithlii)' house. This givu an opporNniiy lor visitors lo com¢ CKI'ricnce Piil(?Lli¢!'. rLlaK and r¥xharbY¢. %pLndinK vn ilUT Lslali ha% ￿.&￿ Sibinificanl this ILJr and will ii)niinuL tc) Illl'LII in Ihe buildink7 %iruriurL and &in¢Tal willbiin¥ iTrf i)ur rL51dLnls. l¥'L ha%.¢ n41w d¢mulL%hcd ihL ga7.cb4>, Timi)i¢d dama8ts1 IrLx5 und l'ull). rclurhi%hLd i)r IhL hc)uK% and arL £1)rnmitlcd lil lh¢ pri)tKnJ and ini'cstmcni u'ill ti)niinui thri)ub￿)ut ihc year. ()ur MLntal IILalih and Per￿)nd1 tk%'cloprn¢nt stralcg!. i% ￿.￿rkIng wcll. and W'L continuc lil build clos¢ panncrsliiP% w'ith I IIT ScLiiland Jnd Hi)spiialii) Ilialih whii c)rganising mcnial hcJlih M'orkshops in pcrsvn and on 7IM)m ullow u% li) wi)rk m()rL ciTrngiruilll'cI)' and JlliTrM u% Ic) ¢iimmunicaie wilh a *'idLr audi¥ncc. Thc courSLS arc iJr4L¥icd at k¢). niLmb¢rs L)I' th¢ bu51ncs5 51) the) ¢an bc irainid Iii id¢niif!' carly 51gn5 lif meniJl illn¢ss Wc conlinuc l() ith c)ur sITolcgic pamncrs funhcr railing aw'ar¢n¢ss 4yf ihc inipirt4￿c vfm¢ntal h¢alih and dci'clopmcni ￿ ithin th¢ dri•ks aiid h()%Plialiiy wc)rkpla¢i. r)urin¥ ihcsc uncLnain times. wc hav¢ dccidcd lo rcmain with 4Trur curr¢ni ins'csimeni advisors. IÉ) provid¢ stability to our Ink'LsiniLni and a￿￿1$[ iii btLncraiing a suilablc Ici'cl of InLvm¢ É)n c)ur risk a55¢s5niini Th¢ board as5¢SS t]k nccd 115 1(Tr th¢ bcsi invi$im¥ni paih available lii uli115c The BE"N's funds In th¢ m05t Lificieni way.. Page 3

THE BE%EI'OI.ENT S()CIF.TI' OF THE LICENSED TK4DE VF SC()TL.IND REPC)RT I)F THF. TRI"STEES FOR THF. )'F.4R F.NDED 28 FEBRI'..IRI' 2025 STRI'CTI',RF.. GOI'F.RN.4NCE AND IIAN.4GEIIENT Structure. GoicTn4nre And %lan%¢rncnl Th¢ principal acliN'ily c)fihc Soci¢ry. as sci Oui ils MLniorandum and Anicl¢s i)f As￿)¢12111)￿. Is "IhL profv'isi()n lif relicf or a%%isianLL for pcrs()n5 Ln nLY¢SSllOUS ()r distrL55L'd ClTLUm51anccs w'hi) ar¢. or ha%.¢ bc¢n. connccied th'iih thc l.iccnsLd Tradl In Sc()Ilund and th¢ d¢pLndat)ts of such pcr50ns- Thc nurn￿r of TrusiLYs ()n ihc H()ard has an uppcr limil of clevcn ()r suLh (iihLr numb¢r as may bc deemed frorn tim¢ to lime b). ordinary rcsoluiion of ihc Ilen. The nurnb¢r shall not bc fcwlr Ihan ihrc¢ New. Trustees aT¢ Jppr()achcd b!. recoTnmcndalion froni mcmbcrs of th¢ Iradc and pn)wiscd for clcclion al board m¢¢tings and f()rmally ilccicd ai Ihc .4 6.M. The Trusi¢¢s riycivc an iDdu¢iii)n pack and rcccii'c rcgTular bri¢fin&i ()n Ih¢ir rLSP()n.%ibililics thkcn (rtsm Ihc C'harilics Commission and OS(-R websi￿. DaN' l() da}. wnning 1$ PLrfvrniLd by thc Chief Exccuii&c. Thc Board have full quartcrly Immrd mc¢iings Th¢ TTU$iC¢S plu.% c4)-L)Plid nicmbLf% J5S15t IhL ChiLf Ex¢¢uiive in orbiani￿riIYn o(eveni$. ThL Fluard rclir¢s by roMii17n having scrvcd a IhrLi yiar Ilmi. bul ma}. SLfi'L a maxinium of six )'¢ar% If required Th¢ PTL%idcni rLiifL5 frvm 0￿1¢¢ annuJlly unlc$s ihc Trusices agrec io exlcnd Ihc appointnicnt of Prcsidcnl for a maximum of a I'urihLr iLar. Thc TTu¥IcL% hjvc bLn uctivcly add￿Sin8 Ihl poin18 8icmming fr()n) Ihe conipan) s Risk RcNisicr. ci)mpilcd undLY the I).SC'R hLs1 praiilC¢ TTusILLs rccLive an induction pack and reccii'i rc¥ular br)efingTr on ihcir rLSPLinsibJliiJ¢S iakLn fTI)m th¥ C'hariiiL% C-c)nimi$siiin Jnd OSC'R w¢bsit¢5. Th¢ Rcn Ambassadors assisi ihe C'hief F.xc¢uliv¢ and th¢ Tru%lLL% with ￿arlI)u$ pfiijLi% thr()U8h()ul th¢ y¢ar. K¢1 mnARoment rcmuncritlo KLI TIIJTlaktLIllLIII 1% 1111 ('liiL I. l..¥iCUII%'L whoK T¢munffalion is agr¢cd bj ihc Iloard of Dirccivrs. Rl$k m#nA%trncnl Tlii Tn141LL% hJi'L a dui) io idcntily and ￿VieW thc r15ks to w.hich th¢ ¢hority is cxp)scd 8nd 10 ensure appropnaic contriils arc in placc io providc r¢a50nablc assurance againsi fraud aThJ em)r. Pa8e 4

TIIE BF.NF.I-()I.F.NT S1)C'IF.TY ()F THF. I.ICENSED I-RAI)F. I)F %C'UTL,IND RF.PORT ()F THF. TRIISTF.F.S F()R TIIF. I'F.AR F.%DF.D 2¥ TrF.BRII,IRI' 202$ RETrfr.RE%C'E.4ND.ADMI)ISTR.ITII'F. DETAII.S R¢gislercd C'ompartTr numbir SCO$93?9 IS¢olland RL'gi5tered Chariti numb¢r SLIIU5bn4 Re%i5tf red frfficc SULIL E.nicrprisL I Iuusc. Souihbank. Dusinc55 Park. (Jla%&ii}w' (166 1 XQ tknard vf Dirtftors PFLSbdiiit VICL PrisidLni Dircili)TS Audtlor5 A7.Cl4 tludil ScTr'iccs C'hartcrcd Acc()unthnis Tilanium I King?'5 Inch Pltscc RcntrC￿. P.44 8WF Bankers Bank lif Sci)Iland 541(i? gauiliillidll Sir¥Yt Glasgi{>M' G? AAII So11¢5inrs %lILphLr(l &. IIYcddLrhurn l.l.P Pagc 5

THF. RF.NF.I'()I F.NT SOCIF.TI' OF THE LICENSED TR,IDE ()F SCOTL..lTr4D RF.P(IRT ()F TIIE TRI'STF.F.S F()R TH F. I'F.,KR ENDfr-D 216 fr F.BRII.IR)' 202 REFERENC E AND ItDIIINISTR.4TII'E DETAILS Pvrffolio ini'e51mtni man%ers Ei'Lli'n Parinlrs ManagLmLiII 177 Ilo(h￿L1} SircLI (ila5¥ivK' T.-tTE.MENT OF TRIISTEES, RESPI)NSIBILITIES TIIL IfusiLLS 11s.ho arL also Ili¢ dir¢cii)rs lit. TIIL 14LnLvolLiiI %ocicl>' ol Thc l.IccnsLd TradL ()t- %ii?Iland li)I IhL purp￿￿.5 i)f ¢i[iipan) law l arc r¥sponsiblL libr prLpJring IhL RLport iifihc Ttu£iec8 and ili¢ lijiancial %lJlLIiiLnl% In uLLiir(IdnLL ￿lth appliLablc la￿ and LltiilLd Kingdvm Accvunling Siandards Iuniicd Kiiigd4)iii CiiiiLrally AILLPIL(l AcL(iunlinbT PraLlicL'I. C'i)niponv ruyuiri% IIIL Iru%liLs lil prLPaTC financial slaicmcniq flir cacli finan¢iJl J¢Jr ￿lI1¢h ¥ivc a IruL and fJir K'iew ol'ihL 4ialL Iifaffair% ()( IliL LhariiablL Lun)pan)' and i)l-thc incoming TLWUTLL.4 and appliLaiiiin (If rLSiIUICC.%. Ll)cluding the inci)iiic and Lxp¢ndiluri. ()f IhL ch4¥rilablL Lunipani. for Ihai p¢fiL)d. In PTLparing iliuse finanLLal 51alen)cn15. Ilic iruslecs arc rc4u1rL￿ 10 SLILLI suiial)Ic aLLiiuniing pxilJLiL4 and IlJLn appl). IlILni COnSiSlLnily' ()hNLn'L IIIL. I11L￿tIll*d5 prinLiplLS in IhL Charilv SORP.. niJkL jii(IgLmciii% and L%iiiiiaiL% IliJi arL' fL'JsiiiiJbl¢ prudLnl'. stoli M hiihLr applicablL accoutliing standards have h¢¢n tollibwed. 5ubjLcl lo any malcrial dipanurls dis¢lo%Ld and Lxplaincd in ihe fJnan¢ial sia(¢nicnL%-. prLparL ihL finthncial slatcni¢nl% i)ii tli¢ g()ing ¢()ncern basis uiilL5S It 15 inapprc>prialL Ii) pr¢sumi ilial Ihe ¢hJriiablc eiiiJipat)N ￿.111 LunlinuL in businlss. IL Irii.%lii% arL rL4winstblL flir kLLpinb priipcr a¢countJngi re¢ord% ￿h1¢￿ d15closc H'ith rLasonablc accurac), ai time Ilie Iiiianiial tMi%iliiin L?r IliL ih3riiabli Lonipany and 10 ¢nable ihin) to enfiurc that the financial sialemenis conipl). %'iih IIIL C i)JiipJJiii% ALI 2Cifih. TIILY arL th150 fLspibnsibli for safL¥uardinu the asscts of the charjlablc company and hii)c¢ fL)r iakJn¥ rLJSillJdt)IL' %lip% f(?r Ihi prLv¢nlion and deiLClion of frJud and othlr irregulariiies. In 50 fur as Ili¢ LrnSlCC% arc awarc". thlrc is ni) r¢l¢vani audit Infomialiun ()I' which Ihc charitablc company's audiiors ￿L. unawarc. and thl IrustLLS iakcn till Slip4 Ihui iliL)' (iiiyihi lu hai'c iakL'ii io Jii&kc ihcrnsclvcs aw'arL of any rclci'ant audit inflirtnaliiiii and 10 ¢siJbli%h thai ihe audil(Irs arc tswarc of thai inlorniaiion. ,11-DITORS A7.Cts Audit SLrvi¢LS. will bc prop05cd for re-apFX)inim¢ni ai the t()rthcomingi Annual (iCllLral IMLcting. RLport of thc iru%tii%. inciirpx?raiinf a 51talcgic reF￿n. approN'od bj. order ol the Ix)ard vf 1rn8lccs. a5 thc company diTLLliiis. un ?A March ?{l?S and si&rnid Ihc bvard's bchulf b).: Pag¢

REP()RT OF THE INDF.PF.NDF.NT.41'DITORS To THE TRI'STEES,I%D IIENIBERS OF THE BENEI"()LENT S()CIEn' UF THE LICENSED TRADE C)F SCOTLAND Opinfion Il'c liaN'c audilLd IhL Iinancial siaiini¢nis of Thc Bcnci'iileni SiKi¢ry of The l.Iccnscd Trade of Scotland Ithc'Lhf stgnifL¢ant acciiunling pi>liciLs. Thc financial rLWTling framiM'I)rk ihai has app17L￿ in ihiir prcparalioii 15 applic)blc law and Unilcd KinKdi)m A¢¢ouniing Standards ILlnilcd Kingdiim G¢nerallN' Acccpted Ac¢()uniing Praciiccl. In our opinion Ihc financial staicments". givc a truL and fair i'iew lif ¢hL .%lal¢ of th¢ ¢harithble companj s affairs as at ?8 Fcbruan" 2a•5 and of its i]Icomin8 rcM)IlT¢¢% and applicalion of rc50urcLs. including lis Inconic and cxpLndinLr¢. for the year thcn endld.. haki proplrly prLparcd m acciiTd3ncc * iih LniiLd Kingidom Gcneralli" .4cccpiLd Accounling PrJciice' 4)d hai c bcln prcparcd Ln acciirdance ￿"7th thl requJrcniLnis lif the Companjis Aci Illth6. Ihe Charilies )nd Trusi¢¢ InvLsimcni IS¢oilandi Aci IWI5 and Regulalion ¥ i)fth¢ C-haritie5 AccounL% IS¢oilaDdi Rcgulalions ￿￿6. Basis for opinion WL L()nduciLd i)ur audil in a¢cc)TdancL H Lth Inlcmaiivnal Standards on Auditing IUKI rfISAs ILIKII and applicabic law. Our rL5ponsibililiLs undLr Ihi)s¢ standard5 arc funhcT dc5cnbLxl in thc .4udilors' resw)nsibililiLs for ihe audit of ihc rinancial statcmcnts sLYli(TrD iTrf tsur rep)rt. ￿'t arc indepe¥￿¢nI c)(IhL Lhariiablc companl" in acci)rdancc w'iih ih¢ ethical rLquircmcnts ihal aiL ILlcvani i() our audii of the financial 51aiLmenLS in the UK. includÈng Ihc FRC-'s Ethical Styndard. and M'c hai'c fulfilled i)ur iithcr Lthical r¢sponsibiliiics in acci)rd3ncL %i'iih ihcse rcquircmcn¢5. We bcli¢v¢ thai Ibe audit cN'idcncL we have obthinLd is sulTi¢i¢ni and appropriatc io proi'id¢ a basis for our opinion. Conclusions reliin% io %(&ing concern In audiiing Ihc financial slalernLnis. wt hai'¢ ¢oncludcd thai ihc Irustccs. usc of th¢ going conccrn basis of acc()ubting in th¢ prLpararion of thc financial ststemcnts is 2ppropriaic Bas¢d on thc work w'e hai'c pcrfornicd. we hji'c noi idenlificd any maicrial unceTtsintics relaling to evenis i)r ctstydiiions Ihat. indii'idually or collcctLN'elv. mai CJs1 51gnificani doubi on ihc charithble c()mpani s ab21iry lo conlinuc a5 1 g()ing conccrn for a p¢ri{￿ of ai least tw'eli'e monihs fn)m whcn ih¢ financial ststements are authoris¢d for issue. Our rLsponsihiliii¢s and th¢ rcspon5ibilitie5 of the ￿$1¢¢5 w'ith re5PCCt to 80ing concern ar¢ d¢scribcd in the ￿levant sections of this r¢￿rt. ()th¢r informAtiOD ThL' IruslLL> arL rLS￿)nSibl¢ for the othcr infoTmaiion. The oth¢r infornation compri4cs ihe inf￿rni￿lIOn includcl in the Annual RLp()rl. (bih¢r Ihan ihe financial sthicmcnls and iiur RLy)n of thc Indcpcndcnl Auditors ihcreon. Our i)pinion ()n th¢ financial sialcmcnls doe5 nol coI'¢r thc othcr infonnation and. eXCLVi to th¢ ¢xicnt othcrwi5c eliciily siatcd in our rLI)Ort. il'L do not cxpress any fonn of assurance conclusion Ih¢rcon. In ¢L?nncction with our audit of ihe financi31 sthi¢m¢nts. our re5POn5ibiliLy IS to r¢ad thc other infornialivn and. i• doing so. ci)nsidcr w'hcihcr ihc oihcT infom)Jiion Is maicriallj incon5L%l¢ni ￿'11h th¢ financial statements or our kn()w'lLdg¢ obtained in Ihc audlt iir oihern'i%e ap￿ar5 li) bc rnaieriall!" m155iaicd If Mc Id¢niify' such maictlal inconsis1c￿ ies i)r apparLnl tnalcrial mi5s1)ILm¢nis. w¢ are rcquircd lo dclcrminc ￿'helh¢r this gi%'es rise to a malcnal mi%sthi¢m¢nl in tlic fLnunciJI Sia¢Lments thLms¢li'c5. If. based the ￿"{Tr[k uc hai'¢ pcrfornicd. w'c concludL thai ih¢r¢ is a t•aicrial misslalLmLlli (If this i)th¢T in(orn)aiion. ￿'C are rcquircd Iv rcport thai faci. W'c hal'c TKkthing li) rep)n in this rcbYd. Opinion$ on oih¢r matters prescribed bi tbc Compnies Act 21)116 In i)ur 4ipiniiin. L)n Ihe %ii)rk- undlrtak-cn in IhL Li>urs¢ of ihL audii-. ¢h< inli)rniaiion li'en in ihL RLI)Ort lif ihc Trusiees (or thc financial )ear for ￿'hiCh thL fmancial stai¢menls arc p&paicd is Li¥nsisi¢ni w'ith Ihe financlal slalcmcnts. and ¢h< R¢p(>rt (>l-Ih¢ Trusi¢¥s has bccn prcparcd in a¢cordanc¢ M'iih applicablc Icgal Icquiremenis. Pag¢ 7

RF.PURT OF THE INDEPENDb.NT.II'DITOR.S TO THE TRI'%TEES.4%D IIENIBERS ()F THE BENEI'C)LENT %OCIETI' OF THE LIC'E.%SED TRADE OF SCOTLAND latlcrs hich are required to report bl. txreplio In ¢hL Ilehi i?l-Ili¢ kn(>￿Ild¥¥ unLILisunding olihL chariiablc compan). and its eni'ironmeni obtsincd in the cour5c of th¢ Judil. w'c hai'e nLTrI Id¢niifiLxl maiLn)I mi55131cmcnts in ihc ReFH)n of thc Trnsie¢s. 'e have noihing io riiK)rt in rcspeci of ihc follom.ing mailers w'here lh¢ Cornpknies A¢i.¢X)O and thc C"harilic5 Accounts Iscvilandl RL¥ulaiic)ns n(Tr6 las amcndcdi rL'4uircs us 10 reTM)rt io you if. in OUT iipini(Trn." adcquaic and proplr acci)unling record5 have not bcen k¢pi or rcmrns adcquaic (i)r vur audit havc not been TCCClI'cd frlim branch¢s n4)I I'lsllLd b). us-. or the financial s(ai¥ni¢nts ar¢ ni)t in agrccmcni M'ith Ihc accouniing r¢¢4)rds and rcwrns" or cenain di%¢losurL% lif IruslLLs' rLTiiuncraiion spectfiL￿ b). ltsw ar¢ not madL." or IIL hai'e ni)I reLLJ%"Ld all the infoTmaiion and e.Kplan21ion% c rLNuifc for our audil. Re5pon$ibiliiics of irusites -45 Lxplainid niiirL lullN in Ihl Siaicmcni of Tnjsiecs R¢swnsibiliiiLs. Ihe irustces arc reS￿￿5]ble for thc prcparation of Ihc fiiian¢ial 5iaiemLnls and IIiT ￿Ing satisfied Ihai Ih¢y gil'l 2 truL fJiT vicw. and for such inicrnal cL)nlToI as Ihc IrusiLLS d¢iimiine 15 nicc55ar%' 10 cnablc ihc prLPJrnllI)n of finJnLial slatLmcnls thai are frcc froni maicrial mJssialcn)cnl, .heihcr dut Iv fraud iir e￿Or. In prLparing ihe financial siai¢m¢nis. thLTh In￿1¢¢$ arc Ils￿nsIble for as5CS5Ln8 ihe charitable company's abiliii. io coniinuc as a gioing ciinccm. discloSlllb. as &pplicabl¢. maii¢rs relaiL￿ iv g(Tring concern and u51ng Ihc going conccrn basis of accounitng unless the IruslLCS elihcr tnicnd w Ilquidaw, thL charit3blc cvmpany or to Ccasc operations. or hal'c iio r¢alisii¢ alternaiiN'e bu( io d4) SO. Pagc 8

REPC)RT ()F TIIE JNDF.PF.NDF.JT..IL',Dl'f()RS T() THF. TRL'.STEES AND ￿lF.￿1BF.Rs ()F THE BENEI'OLLNT SI)C'IETY ()F THE LIC"ENSED TRADE C)F SCI)TLAND C)ur re5ponsibilitit$ for the gudit of thr fin8ncial 5ttcm¢nts ()vr i)hjcciii L5 arL' l() iibiain TLJbl)Jitihl¥ as.%urallCL abi)ui w-hliher th¢ financial slalcmenis as a wh£)1¢ arc fTCC froni Inaten41 niissialcmcnl. whLilILr duL Ii) fraud or crr()r. and Iv issue an auditor's rLport thai InLludc% i)ur opiniiin. RL4s4)nablL assurallcc 15 a high ILI'LI ()f a%suran¢¢ bui is not a uyuaraniLL thai an audil conducted in Jc¢ordancc ￿'Ith ISA5 IUKI M Ill al￿ayS dclcci a nialLrial nii%5taiLmLni ￿.￿l¢n il cxis15. NqIs51aiLments can arisc fron) fraud (Ir Lrror and ar¢ considcrLd maiirial if. indii'idually or in thc aggTrLgTa¢L. Ihe}' could rcasonably bl Lxpccicd 14) influLnce thc ccÉ)nomic dcctsions of U5er5 thkcn ()n ihe basis of Ihcse financial 5taiemenis. A funhcr dcscripiion of Liuf TCSPUllS)biliiiLs is ai'ailablc on thL Financial R¢portinu CounLil's wiitsiie at.. hitPs./l￿7¥￿, frc.org.uklaudilorsrcsponsibililiL's. This descTjplion forms part of i)ur audii()T'S rcw)rt. Exicnl ILI w hiLh thi audii il'as COD%id¢rcd capablL Ot'delLcling irrc&iularilics. snLludLng fiaud IrrcbTrularilics. including frur undLT%tanding of IhL cntity. 11$ aclil'illls, LIS Control cnk'iriinmLni. and likcly fijlurc dci'cl()ptncnls. including Ln rclaiii)n io ili¢ l¢gal and rebyulalotv framew'i)rk applicablc and h()ii- the <ni11}' is ¢i)￿pIY]ng M'illi that fran)C￿'0Tk. BJ5cd Ihis undersiandinb. wc idenlif}' And Js.%Ls% tli¢ risks of malLrial missiJicmcrt i)f Ili¢ linaiicial 51alcmcnls. whLIIIiT due Ic) fraud i)r Lrri)r. dc51gpn and pLrfomi audii pr()ccduTCS ri5P()n5ii'< 14) tho%c risks. and obtain audil cvidcnLL Ihai is 4uffici¥ni and approprhutc Ii) PT()vidL a basis fc)r QUT l)pinJon. Th15 inLludc5 c(>nsid¢ryLiion of th¢ ri%k of acls by Ihl cnlil}' Ihai ￿¢re ci)nirary li) applicable law5 and rL'gulaiii)ns. in¢ludJng fraud. In rL'spons¢ li) th¢ risk of irrcgularilies and n()n-compliancc with laws and rLgulaiiÉ)ns. including fraud. wc &signLd pr(IcLdyr¢s which in¢ludcd.. Enquiry i)f managcmcnl and IhosL charged w'i¢h gi)v¢mance around &ctual and w)Icniial liiigaiion and claitTkl a% w'¢ll as acw31. SUSPLCted and allcg?L'd fraud. R¢i'icwiiig minuics i)f n)c¢lin&TS of th()5L chargcd wilh g(Trvernancc.' klssL%sing th¥ cxi¢ni i)f ci)Jiipliancc H'ith ihL la￿.5 and rcgulaiiuns considcicd 10 hA%'c a direct mai¢rial cffect i)n th¥ IhL finaiicial sialcJncnl.% Lir the vpLialiLins of ilic conipani. Ihrougjh cnquiry )nd insp¢clion' RLI'ieWing finiti¢ial staleincnl disclLISUTC5 and iesiingy Ic) suppc)rting d(IcumLnlaliiin l() J$￿_￿S compliancc wi JpplicJblL la￿.% and rLgu121ions: PLrfoming audit ￿.￿rk. oN'¢r thc risk i)f rnanubycmeni bia% and ov¢rridc of CLinlTo15. intludingw icsiing* of jnurnal Lnlrics and IiihLr adjusiincnt.% fi)T appropriaicncss. cvaluating ihc bu.%incss roiiiinalc ()f signilicani Iransactii)ni outside the normal course of busincss and rcvicwing accounting csiimaics for indicalor5 of ptklentjal bias. BL¢Jllsc of Ihc inhercnl lin)Ltalions lif an uudil. Ih¢T¢ is a risk Ihal we ￿111 ni)¢ dcieci all irrLbularilLCS. Including Ihi?se ILadinbl li) a iiialerial m1551alemcnl in ihL financial 5lai¢m¢nis or ll()n-cun)pliancL wilh rLglllaiii)n. This r15k incrL4SLS the mL)r¢ Ihai Liinipliuiicc ￿'1(h a la￿. ()r rLgTulaiii)n 1% r¥moi'cd from IhL' ekLnls and Iransactions rcfleclLd in IhL fibanlial %iaiLI)Icnis. as M'c w Ill bc Ic%4 lJkLI) Iii beciin)L aWaTi of iJisiancc5 lif non-ri)mplianc¢. Thc risk of nol dclLCtingT a l•alLriJl niis%latcn)cnl rcsuliink ft()ni fraud Is highLr than for onc rcsuliing frvn) Lrror. as fraud n)aJ ini'olve cvllusivn. tbrglry. Intcntional iiniis5i(In4. misrLpre%<niaiii)DS. Lir Ihc oi'Lrridc (If iniLmal conirol A fiLrthcT dcscripii()n i)f i)ur rL'spi)nsihiliiics for rhc audit lif thL Iinanci)l %ialenicnls 15 located un IhL' Financial RepL)ning C'ouncil's iicbsitL' al I¥.￿￿..fr¢ org.uk audiiiirsr¢sp(InsibililiLs. Thi% d¢scripiii)n fi)rnis pan of our RLp(iri i)I'ihe IndckxndLnt Auditors. Pagc 9

REPORT OF THE I%DEPENDENT..ILDI'I'()R% '['{) THTr- TRI"STTr.F.S,IND IIETrIBERS OF THE BE.NEN'OLENT S()CIE'fi' OTr THE LIC.'E%SED TR,IDE C)b" sc(I'fLAND I'5e of our rcpori This rlpiiri is niJdt 501LI!' lo the chariiabl¢ conipany's mcmbcrs. as a bod).. in accordancc M'ith C-haptcr 3 ot Pan 16 (Trf thc C'i)iiipani¥% Aci *nn(). and lo Ili¥ ¢liariiabli ioinpan} s In151Lc5. a5 a bod).. in acc(Irdance ii'iih k¥b)ulaiioii 111 ()[ ili¢ C'harllJLS .Qicc)unLs ISc()IlJnd i RLbiilaiii)ns ?Ollh. Our dudil wvik has bccn undcnakcn so Thai IVL niighi siaic li) th¢ hariiablL Li>n)pan) s rncmhcrs and tli¢ Iru%lLCS Ihv%e n)aiiLrs li L arL rLquircd ID staic i() Ihcni in an audiiors. rLpnn and tor ni) i)ther purpii%L. Ti? IliL t'ullc%l ¢xieni PLrnlillLd bv law.. U'L do nvl accept iir assunic rcspLin.8ibiliii' tn an!'on¢ i)Ili¢r Ihit) IhL ¢har)lablc Lonipdiii. and Ih¢ chariiJblc company's mcmbcts a5 a body. for OUT audit work. tor this report, OT ttir Ihc i)pinii)ns W'L htsvL tOrn)Ld. C'hancrcd .4ccciunianL% Sialiili)ry Audiinr Eligyibl¢ to aci as an audiior in Icm)% lif Sccllori 1:12 1)f IliL C-OEMpaiii¥s Ail 2tM)fi Tiianiuni Kiii¥Tr's InLlI Plac¥ RLnlrLI4' PA4 XII'F 26 NlarLh tyn75 Pa￿1¢ 10

THF. BEYEI'()LEN'T SOCIF.TI' ()F THE LICEi%SF.D TRADE OF SC-VTL..IND ST.ITF.11F.NT C)F FIN,INCI,11. ACTII'ITIES IIJCI)RPI)R,ITIN(: .,IN INC-()IIF. AND F.XPF.NDITLIRF. ACC()LNTI F()R THE YEAR F.NDF.D 2¥ FEBRIIARV 2025 3)?4 rliial nds Unr¢stricted fuiids Notcs INC"I)IIE AJD E%DOM'MF.ITS FRONI Di)nJiii)ns and IcgaLIL 149.91X 9.958 rJih¢r irading actii'itlC5 Ini'L%ltn¢ni iiiei)me 297.942 2b_1.421 Total 574.696 F.XPF.NDITURE O Rai%itib fund 125 IQ9 Charit8ble actii'ities (irani makin BLnLfi¢iariL% %UPFM)n and assistancc Running ol- Piilochry cslatc CeniTal offi¢¢ and charity costs 269.9?6 36.q56 8{1.q44 171).4()3 217.S.17 J4.42fi 111.12$ Total 599.447 Ncl Bains on in￿¢$in}entS 101.053 4?8 ET INCO%IEIIEXPENDITLIRE) C)ther reco%ni5td %#in$ll1fr55cs) Gain i)n rci-alualiiin i)l- ini'L.4in)eni PTopcni¢s 16.7891 %,$281 1.59•,500 Net movement in funds 16,789 1.56.I.972 REf()NCII.IATIUN OF FLNDS Toial lunds hriiulhi l()rivJrd 4.578.731 3.Q14,759 TOTAL FII%D.S CARRIF.D F()RII'ARD 4.571.942 4.57X.731 The nolLs forni part ol. Ihcs¢ financial stalcmLnis Pag¢ I I

THE BENEI'ULE.NI" 4()I.'ITr'TTr' I)Tr' THF. I.ICENSED I'R,tDL C)Tr' SC.'()I'L..IND B.11.ANC'F. SHF.F.T 2% Tr F'14RII,IRV' 21124 funds t'und% Noic5 -IXTr.D ASSETS T￿n￿lbIL a5%LI.% 4!4.5nn Inke.41IMcni.s I￿￿￿5¢niCE￿i prn)p¢rty 1.%4:.(15¥ 2.Q(Ml.(Hl 1.745 5.19 2.n(￿.(￿H) 14 4.•67.15S 4.17n.039 CI:RRF.NT,ISSETS PrLPaN'TIILnl¥ and accru¢d incoml Q-ash )n hJnd 2fi.-$45 27%.•39 345.760 3tJ4.784 4118.b9? ET CLTRRENT,ISSETS -1114.7x4 4{IY.69 T()TAL AS%ETS LESSCIIRRENT I.IAFIII.ITI Tr. 4..571.(M? 4.$7R 711 ET.4*¢>ETS 4..$71.94? 4.57¥.7.11 unrLSlri¢t¥￿ funds 4.571 ()4? 4.57X.711 TOTAL FIINDS 4.571.942 4.578.711 Thc linancial %lalLm<nlS wLic approNcd b). Ihc Biiard of Trusices and auilii)ri8¢d lor i8suc on 26 March 2QlS Jiid wcre Tlic nolL5 foTtn part of Ihcsc financlal s¢aicmcnts Pa¥c 12

THE BE%EI'OLF.NT SOC'IETY UF THE I.ICEN.SF.D TRIIDE Ofr SCOTLAND CASH FLOM. STATEIIENT F()R THE I'E,IR ENDF.D 211 FEBRIIARY 202.5 ?n24 'o¢cs Csh from operatin% Hctil'ities C'ash gLnLraiLd Iri)m i)p¢raiion 129.n571 ci cash used in operating aciiviiies 129.0571 1(13.4611 CAsh flows from inie5tlD% sclil'ities PurchJ.41 (>l- fix¥d ass¢1 inKcsinicn15 Sale of fixLd assei inve.%lll)¢nl.% Inlcrc51 rccciN'cd Dividcnds rcccived 1229.4291 19$ 79%1 11?677 380 444 57.1$7 Nct cash pro1.id￿ bj. in%'csiing aclLviiie5 61.530 74.927 Change in cash and cash equlvaltnts in th¢ rcporting period C'ash and ¢¥L5h equil lcntS Y4t the bc%inning of ihe reportinE pcriod 1(>7.5?71 11.464 345.7h C'ash ea5h c4ui% alcnts 41 th¢ end or the rfportiN% piriod 278.2.19 345 766 Thc ni)Ics lonn pan of Ih¢sc financEal slatemenis Page 13

THE BEPiEI'()Lb"NT S()I.'IF.TI' ()F THF. I.ICENSF.D TR,IDE I)Tr SCUTL..IND NI)TF.% TC) THF. C..I%H FI.()II' ST,ITF.MENT F()R THF. I'F.,IR F.NDF.D 28 FEBRllIlRI' 2024 REC()NCILI.4TIV% C)F NF.T F.XPETr4DITLRF. TO NET CASH FLOM. FROM ()PERATING AC'TII'ITIE 2n25 2024 et eipendilure (or ihc rcporlin% period las per the Statement Ibf Financiol ilctii'ilies} Adjystm¢nts for.. tiain É)n Ini'L51niLnlS 16,7891 128.528 14XI 138Ql 157.6681 ?3.541 14441 157.15) 36.381 Dii'idLnd5 rcccii'Ld tk.¢rLa5L Ln dcbi()rs tt cash used in op¢ration$ 1129,047 161.46_11 AYAL%'%IS ()F CHANGES I.N NET FIINDS Ai 113 !4 C-ash flom, Nct c4sh C'ash ai bank and in hand -145.766 67.5271 7¥.2.69 345.766 67.5271 ?78.2.19 Total 345.766 167.5!71 78,239 Thc niilcs forni part of Ih¢s¢ financial sthi¢mcni% Paxc 14

THF. BENEI'()I.F.ST SOCIF.TY ()F THE LICENSED TR,IDE ()F SC()TL.4ND ()TF.% T() THE Fl%..ITr4'CIAI. ST,ITV.hlF.NTS FOR THF. YF.AR F.N'DED 2¥ FF.BRllIlRI' 202$ ACCOUNTIN(J P()LICIES B#sis vf prcp#ring lh¢ financial 51Y4temcnts TIIL Iiii4lllLial slJlLniLni.% li)i'L ￿.¢11 i)TLparLIJ in acc()rdancc with AccLiunting and Reporting by ChariliLs'. Stalciiicnl lif RLLiimn)LndLd Praciicc applieablL Iii Lhdfiiii_s prlparing IhLir aLLiiunis in Jcci)Tdanc¢ 4.iih the l.'iJiancial RLP()Tl)Iig Slandard JppliLablL iji Ilic UK and Ripublic ()f ITLland Il.-RS I (I! I ILftLLiive l January IC-hariiiLS SORP I F R% I n•1. Illi l.'inatiiial RLWlrtillg %iandJrd applicablL in IhL UK anil Rcpuhlii i)f IrLland IFRS I i and Ihc C'omp&nics Aci 2On6. Thi Flcnci'ol¢nl S()¢icty' Lif Th£ I.ILcllSLd Tradc lif S¢oiland mec15 IhL definition i)r a publLL bcncfjl Lniiw under FRS 111: AssLI.% and IiabililJLS Inilially TLLI)gniscd at hisl()rical cosi L)r transaciion N'oluc unlcss othen¥ise Pr¢pMralion ¢bf ¥ccounts on a %otn% concern b#i14 ¢L)ncLni. TIiLfL Iilre ni> %ignificJni JT¢as 1)fadjuslmcni wilh TL$P¢CI l() th¢ n¢xl rLJxirting perii)d. nLTr sigbifi¢ant T¥a5 lif unLLrtaiiily. C'rili¢HI BcrountinE ludgcmenti & kci qour¢¢s of csilm*ilon unccrtainty LLi¥ni)n)i¢ i'iahi11iy and LXPLLILd I'uiurL liiianLiJl pirfLTrrniaiiLL lif IliL i1S%LI aiid ￿h¢re it is a ¢onip(Incnl ol. p liirkpcr La%h.¥lLiILraiingi iLiiiI, IIIL ￿]￿bIlIt) and L%PLLILd luiuri p¢r14)rmJnLL Lif IliJl unii. Had (ILbis are pN)iidLd r()r whirl i)bj¥clii'L LvidLniL i)r IliL necd for a priivi%iun exigls. Incomo IILMI 41 Ill. IncuniL Iiai-L bLLn MLI. il i¥ pri)babli IliJl thL LllLoniL M'ill bi riLLii'id and ilic tsniiiuni Lan bL n)¢aiurid rlliably. r)c)iialL()ns. ar¢ rLC()8niscd w.hLn ihL chariiy hus lTrLcn nvtificd in wriiing lif boih th¢ amuunl tsnd .%ciilemeli daic. fuifill¥d in Ihc r¥pc)rtinb pcrivd. T)ividLlI(14 arl riLi>&Trni%Ld iin¢c IliL diNidLlid lias bLLii diLlJrLd Jnd ni)tifiL411iiin bLLn rL'Liiv'ahle b%. IhL Ilank. Expondlturo l-'YpLndiliiri 1% fiLI)gniKd Iin¢L Ih¢T¢ Is a ILg&l iiT Lun%iniL(ii'¥ iihligjalioii ILI illake a pAyn)Lni 10 a third pa piubablL Ihai %LIIILm¢ni will b¢ rL4uircd atld Ihc un)ouni ill. th¢ c)bligaliLin can bc measured rcliably. Exp¢ndiiur¢ 15 Classified under IhL fulliiwing a¢iivity hcading5'. C'osi% (Il-rai.%inb lund% ¢iiniprisL ()f thc cvsis ofhi)Iding lundrai51n¥ cvcllls and portt()lii) nianagcrs, fcc. I.-XPLnJiiuri ()ri ¢hariidblL aLiiK IliL5 Includes lh¢ cosi.% of aclii'ilic5 undcmakcn i(1 funli¢T ihc purFH)S¢Siof Ihc charity Jnd iliuir assi)¢ial¥d suppi)rl c051s. ()Ih¢r ¢xpcndkturc rcprcscnis IhÉ)SL Ilcms ni)I falling into any oihcr heading. Irreci)%'¥rabl¢ V AT is ¢hargtcd a5 a C1151 agiainsi Ihl ociivity for w'hich Ihc L'xpendiiurc was incurr¢d. PagpL 15 ontinucd...

THF. BF.NF.I'OI.F.NT S()CIETI' C)F TIIE I.ICEP'SED TR,IDE OF SCOTL,I.ND NOTF.S T() THE FIN.45C'IAL STATEIIF.NT.S- coniinued FOR TII F. I'E,KR F'NDED 211 FEBRII..IR)' 2025 ACC()LNTIPG POI.IC-IES- continu¢d Alltscatiun Rnd apportl(bnmf nt of co$ls Suppiiri i0s1s ar¢ I110s¥ luiiciii)114 IliJl 4%$1S1 Ihl y'i)Tk ()f Ihc charity hui d() not dirLcily und¢nak¢ charilablc LII% 1llL%. Suppi)ri cosi_% includi haLk iilliLL co4IN. finanLL. pcrsiiniiLI, payri)11 aiid ¥?4)I'¢rnatllL COS1% whicli %uppi)n Ihc ¢liJriiy's pri)kiraninJL% and aciii'iilL5. ThL%L Liis15 havL becn Jlli)cal¢d liTr cxp¢ndiiurc i)n cliorithhlL a¢iii'ili<%. Txngihle fi%¢d gsscls Tli¢ C'liariiy'% piiljL!' )% ii()I lil LapilalisL fixlurcs and fil1inby%. Ihc%¢ UTC Lxpcndcd Thr4)ugl) Ihl %i¥l-'A TIIL gold cliains pri)PiMy fLlllal inLUIIIL 1% fLLLlI'Ld Ironi ihl lslaii. Tlii Pitli)Lliri l..siaiL is InaiiiiainLd i(? a Iiigh siandard w'ith L)Ilgt{)Ing niainiLnancL and ITnpriivLnicnl.%. t)iprLLialion 14 prii%'idLd al th¢ li)114)wingi annual raic in i)rder IL) M'rilL ()IILach assLI ()vLr 114 L51imalLd uscliil lif¢. Ni)I dLpriciaiLd FrLilii)Id pr()PLrfy Inie$Imi￿n15 Th¥ iiiain fc)rni Iir rinanliol ri$k IiLL(I hy Ihl cliariij. 1% Ihul i)f %'i)lalilily In Lyiilty. ITlaTkcl% inN'L%lniclli Inarkils Lquilic4 and wiiliin parti¢ulgT %¢¢II)TS ()r 4ub secii)rs. Inviiltmcni priiperlv liii'L%liiiLiiI pri)PL TliiS JfL %h()wn Ji thc ni1)%1 Tecini i'aluaiii)n. Any surplu4 IlT dcficil ()n rci'ulualiiin is in¢lud¢d in Txillon Fund ¢¢ouniln% UnrL.41riLILd liind.4 cJii bL u%4d iii a114)TdtinLL ￿ Iih Ihl LhariiJhlL l)t¥iiLlli'LS al IIiL disLr¢li()ii lil. IIIL InL%ILLS. RL51riLILd luiidK Lall l)Jily b¥ u%id l()r pJrliLular rL.%iriilLd purpii%L% wiihiii Il)c ohJLLI.4 lif IhL cliarily. RLslriLIiLin5 unliLr Lyplan.'Iliiiii ()1. IIIL naturL and purpi)%c i)I'iacli lund 1% inLludLd in IhL 11(IIL% l() thc financiiil slulcniLIIIs. C-#sh #t b#nk unil in hand thr¢¢ iiiiinih% iir11sb froni ihL dJlL ()f ac4uJ.4iliiin Iir £iPLninbi ()l-iliL dcpii%ii c)T similar accouni. Dchtorq Tradi atid i)IliLr d<hiiir% JrL rLLiigTllisLd Jl ilic SLIIILmcni aiiiounl duc aft¢r any discount offLrcd. PrcpJymeni% arc valucd ai IhL allll)uni prLpJid nLI iil'any dJ5couJils due. Pa&L 16 continucd...

THF. BE%EI"OI.F.NT SOCIF.TI' OF THE LICENSED TR,IDE OF SCVTL.4ND OTES TO THE FIN.4NCI,I. ST.4TF.IIF.NTS- continwed FOR THE I"E.4R ENDED 28 FEBRI'..IRI' 2025 ACCUknNTIliG POLICIES- contlDued Creditors &nd proi'isioDS C-ridiiors and pri)i'i¥ion% arl rcfogniscd Mh¢r¢ ih¢ charity ha5 a present obligation re5uliing from a past eieni thai will PT()bably rLsuli in th< iransfcr of funds io a ihird party and thc amount due lo settle thc (Ibligation can be mLasurcd Iir ¢siimaiLxl rlltably. Crcdiiors and provisions ar¢ n4)rnuII)' rccognlscd at their scltlcnicnl aTnvNnl after Jlli)wing for oni. discounis duc. Financial Insintsncn¢s ThL Chaiil!. hJ4 Lle¢iLd tv apply ihc proi"isions of Sc¢iii)n I I 'Rasi¢ Ftnancial Instruments. and Section I I, other Financial In51rumLn15 155UC5' OIFRS I Q? lo all iTrf its financial instyum¢nis. Financial Enslrumcnts 3rc TCCOqlli5ed in Ihc chant>"'s balancc shLTr<l 14.hcn ihc charity bccom¢s party to the contra¢tt]al proi'isions of thc insttNmeni. FiEJancial assets and liabililics arc offsct. N'ith the nel amounts prc5enied in the financial sthicmenis, wheThih¢r¢ is Icgally enfor£Lable righi ti) 5Ct off Ihc rccogniscd aTni)unts and thcrc is an ini¢niii)n to scrtlc on a nei bali% or to rcalisc the asscl and settle ihc liability simultsneously. Basic financial a5se15 Basic fjnancial assets. M'hich includc deb￿rS and cush and bank balances. are iniiially measurcd 01 tratysaction price includinbi transactions costs and arc subsCqUeTrtly carricd ai amortlscdcosi using the etreciii'¢ inicrcsinicthod unless the arrJngcmcni constifuiLS a financing trJn5action. w.hcre Ihc Iransaclivn is mcasured ai ihc prescni kaluc of th¢ future rLCCLPiS di￿O￿niCd ai a markci rdie of inicrest. Financial a55els classifled as reccii'able w.ithin onc y¢2r are noi amortiscd_ r)creco niiion of financial asscts Financial asscts arc d¢re¢ogmisl￿ only M'hcn thc conira¢rual righis lo ihe cash flow's from Ihc a55el expir￿ or arc sciiled. or M'hln the charity tyan5fLYs thL financial ass¢i and substsniially all the risks and rew'ard5 ofownL7ship to aniiihLI cniily. ()r if som& significant risk.% and rcwards of 0￿.nershiP are rciaincd bui control of the a15ci ha5 Iransfcrr¢d io anoih¢r pany thai is abk. io s¢ll th¢ assci in it5 eniirety. to an unrclatcd ihird party. C lassificati(>n ()[ financial liabilities Financial liabilities )nd cquil) insirnments aTe classifi¢d according io thc subsLqnce of the cortractual arrJngcmcllls LniLred inio. An LY4uiiy ins¢rnmcnt is ani. Contyaci thai ¢i'id¢nc¢s a rcsidual intcrc5t in Ihc ￿Sets of Ihc charity after deduciing all oCTiS liabililic$. Basic financial ljabiliiies Rasic financial liabiliiiLS. including ¢rediiors. are inittall!. recognised at trdnsaclion prite unless Ihe aTTa￿ement ci)nsiinLiCS a finan¢inb7 iransa¢iion. whirc the debt in51rumcni ts rnea5urcd at thc prcseni i )luL of ihe fuiure pa}'mcnis diKouni¢d ai 2 mark¢i rat¢ of inicr¢st. Financial liabilitie5 classified a5 payable wiihin onc ycarlare not aniortis¢d. DONATIONS AND LEGACIES T0121 '¢ar 20!5 Total General fund 2a24 A55LKiation and cvenis PTLSidents appcal- compan!. donaiions Indii'idual donaliuns PTC5Lden15 appcal - tncmbership (iift aid rcccived 69.339 69.339 68.?78 39 3.00 8.911 90,7.16 78,166 466 8,795 J90 11.911 149.91S 14Q.918 189 95t4 Page 17 contintscd...

THE BENEI"OI.ENT SOCIETI. OFTHE LICENSED TR,%DE OF SC()TL..IND UTF.S TC) THE FI%.4NC-I.41. ST.4TEIIE%TS- conlinucd FC)R THE I'EAR ENDED 2¥ FEBRI'.4RI' 2024 C)THER TRADING ACTII"ITIES ToLqI I'car 2025 Total l'ear 2Q?4 G¢n¢ral fund Annual dinn¢r Prc)-..Im gyi)If ioumameni. Dundonald Mar Hall gtsir l.Jdics Licni Bi)oeie bing(Tr 2411.S58 26.hl 13.974 13..31YJ 3.2tM) 240.858 26.611) 13.974 13,3(10 3.2(M) 20(1.558 25.-16h 13.9!? ?97.94: 97.941 IN1'EsT￿VF.NT INCOIIE Total l-Lar Q25 Tothl I'¢aT 6Lncral fund IniomL from ini'Lsimcnis Bonk Inicri%t rLLiivcd Rlnis & insur)nce prO¢cL￿$ 57.15: 380 69.741 1 ?6.X36 RAISINC: FUNDS Total l-ear 2025 To¢al Gencrdl fund 2Q74 FundraisiD% COSt5 Annual dinner Pro-.4m bJL)If iournaTntnl. Dundonald Mar Hall golf l.adics L'i'cnl Biivgie bing 77.896 77.896 21.1.1 6.61)? 67.87Q 19.801 6.6n? 7.56.1 x.nxi 4.7X 117.392 7.717 17.-19? 7.717 106.761 7.37Q Ini'ostmeni m%n%ers' ftes 115.109 1?5.109 Pag¢ 18 contliiued...

THE BENEI"OI.ENT SOCIF.TI' OF THE I.ICENSED TR,IDE OF SCOTLAND OTES TO THE FI%.4NCI..IL ST..ITF.IIF.)TS- ¢onitnufd FC)R THF. I'EAR ENDED 28 FEBRI-.4RI' 2025 CHARIT,BLE ACfll'lTIES COSTS Total I'car Tol I'car 2Q?4 G¢n¢ral fund GrAni mkirt% Pen5ion5 Granis Holtday and Christmas gifts 61.4611 17&.9X6 29.3¥11 76.!30 95.712 .595 17X.986 29..ISO 269.926 ?69.9?6 Beneficiari￿ Support ss515t8nc¢ Ilmbas%Jdiir% hi)noranum Jnd 36.556 36.556 Running of the Pitlib¢hn' estate Ril'urbishmlni Rlpairs and mainienancc Hcat and lighi Bruadband iniLrn Managcnicni fLes RaiLs and waiLr Sundric5 Legal alld professional fcc5 Insurance 55.173 5.?49 l.(J65 79 fi.6f17 55.273 8.:49 1.665 679 6.687 8.708 1.048 597 d.253 386 609 2.830 ?62 243 -1.•44 24_1 3.!$4 4.Q8_1 8n.$44 80.544 •2X Central office and ch*rih' e05ts Dir¢¢i ¢c)sis Salarics and social securiry Pensii)n ii)sis MidJcJl insurance ()ffic¥ rLni. h¢ai. light and insurdn¢¢ Officc equipment and mainienancc Stationcry. p05ts8c and pholocopicr PTintLng Telcphonc and inlernct Public rilalions and markeiing cosis Tiavcl and mcLling cxpcnse5 GLncral Flank chaTgLs and inieresi 64.?18 8.516 64.?18 S.516 61'.314 &175 XQ.36 11.450 11.790 7.814 265 1.54S 11.79(J 7.X14 26 $4¥ 1,203 340 835 44.341 347 6.007 1114 44.-141 347 6.IK)7 814 664 3,6n.I ort ¢0sis noi¢ 7 18.(H7 I A.IM7 17D.403 170.4n.I Pagc 19 coniinu¢d...

THF. BE%F.I'OI.F.)T S()CIF.n' OF THE LJCF.%SF.D TRèlDE ()F SCC)TL¢%%D OTES TO THF. FIN..INCI..11. ST.4TF.)IF.NTS- ¢tsniSnutd FOR THF. I'E.4R ENDED 28 FF.BRI'.4RI' 2024 SUPPORT COSTS GoNcTnance Costs Ccntral otTicc and charity ¢osts 18.(H7 Support cosls. included in the alM)%'c. ar¢ as follows.. Go)'ernance fost5 20?4 Total Ti)ial a¢iivilL¢S Auditors, rcmuneraiion Accounian¢i' and l¥gal f¢¢s Legal fccs ¥.49: 2.520 3.1)00 l M.Q47 17.012 ET INCOIIEI{EXPENDITLRE) NLi in¢()mcllcxpenditurcl 15 Stated aftcr charging Icrcdiling)". 2025 2a?4 Audiior5' rcmunerdlion TRI'STEEi' REIILTNERATIO% AND BENEFITS ThcrL WLrc no trusi¢cs' r¢mun¢rdiion or oth¢r ￿nCr1￿ for th¢ ￿'¢ar ¢Trd￿ ?i¢ F¢bnwy •025 nor for th¢ Jcar ¢nded 29 Fcbruar). ?0:4 Trustees, cxpenses Thcrc wcr¢ no ¢xp¢ns¢s T¢imburwd io trusic¢s during the N'car ¢nd¢d FcbTuary ?0?5 1?D•4 - £nili conlLllUed...

THF. BETr4F.I'OI.F.)T S()C.IF.TI' ()F THE LICENSED TRADE ()F SCC)TLAND YOTES TO T14E FINANClIll. STATF.IIENTS- continued FOR TIIE YEAR ENDED 2¥ FF.BRllIlRY 2025 10. STAFF CC)STS 20* Wagcs and salaries S(i¢ial Sc¢uriiy P¢nsion.s Other cmployee bencfiis 97.873 2.gnl 8.51 90.24.5 2.918 1.175 106.374 Th¢ av¢ragc m()nthly numb¢r of ¢mpliiy¢¢s during ihe ycar was as follow5.. ?025 24 Chi¢f Ex¢¢uliv¢ Ambas%adors Thc numbcr of cmploycLs w,hose LmL)lumenis Isalarics. ￿'ag¢S and b¢n¢fiL% in kindl fcll wiihin thc folloWLn8 bands arL a5 (ollow5". 21125 2a24 £6Q.IM)1- £7n.IK> £7Q.l)01 18a.no( £8Q.I)01- 191).IK>(I £9a,aoI- £ I no.00 Nonc i)f Ihc DiTcciors have rcceivcd any remuD¢fdtion or compensation durin¥ Ihc ycar. Details vf Itru5tccs' cxpcnsc5 can be 5ecn in note 9. The kcy managemenl personncl of Ihc group is Ihc ¢hiefcxc¢uiivc ()fficer whosc employ¢¢ bcncfLlS Isalaty, social securil). cvlllributions. pcn5ion and othcr employee bcnefiisl ioial £7Y,259 12024- £74.$251. COMPIIILITJI'ES FOR THE STATE%IENT OF FINANCIAL ACTIN'ITJES Unie clcd fund5 INC()￿lE AND ENDOM'MENTS FRUfvI Dc)naiii)n% tind legaciL 1 &).958 Oih¢r trading activiiies Inv¢stmcni inci)mc 2rt4.421 Total 5x1.491 EXPENDITURE ON RaL5ing funds Charlt#blt 1etlvltle$ Grant rnakin¥ 217,537 Page21 onlints¢d...

THE BENF.I"OI.ENT SOCIF.TI' OF THE LICF.NSED TRADE UF SCOTLAND ()TES TO TIIE FIN..%NC'I,%L ST,%TF.IIF.NTS- continucd FC)R TIIF. YEAR F.NDED 28 FF.BRII,IRI' 2024 C()MPARATII'ES FC)R THE STATENIENT OF FIP4ANCIAL IlCTII'ITJES- continu¢d Unr¢strictcd fvnds B¢n¢fi¢iari¢s suppi)n and assistanc Running? ()f Piilochry Lsia(c C-Lniral i)fti¢¥ and ¢liariiv Costs 34.4?(? Total 599.447 Ncl gains on investmcnts 418 'ET INC'()MEIIEXPE%DITLIREI Oth¢r recognised gainsllloss¢5} (Train on rcvaluaiion ol- Ini'¢slmenl prop¢rti¢s 1.59? 500 Net moi tment in fund$ 1.56.3.97• RECC)NC ILIA TIC)% C)b FLtNDS Ti)t81 funds hroughi f4)rward 3.1114,75fj TOTAI. FLI%DS CARRIED FC)RII'ARD 4.57Y.731 12. TANGIBLE FIXED ASSETS (¥old chains of c)￿1¢¢ PiiliKhry Totals COST ()R I'ALI'IITIO Al l %qarLh !1124 and 1,% Fcbruary 2n25 407.5 17.QtH) 424.5(Kl NET B()C)K VALUE Ai :S l.-Lbruary 2025 407.50(1 17,IKN) 4?4.51KI Ai !9 FcbTuary 2024 4117.S(X} 17,11(N) 4?4.5Q C'vsi or N'aluaiion Ji S Fibjuary. ty025 is reprcs¢nicd by.. G()Id chains of i)fficc PitlL)chry Eslalc Totals Valuaiii)n in 20•4 13? s1)n 275.n(K) 112,500 92.OnlTr 17.Q(K) 407.£0 17.0(M) 4?4.SnQ Thc frc¢hi)Id land i)n Ih¢ Piilo¢hry Esiale was N'alucd on aTt OPLn niarkcl basis on l May 20*4 by Graliam + Sibbald LLP. C'hariiT¢d Sur¥iyor%. C'osi £)T valuaiiiin of PiilochTh' EslatL is ihc frcLhiild land of £4Q7.51MI. ￿,h1¥h is nc)t dLpT¢ciaicd. Pa¥c 22 coniinu¢d...

THF. BEliV.I'I)I.EP*T SI)CIEftr' OF THE LICENSED TRADE IIF SCOTLAND UTF.S TI) THF. FINANCIAL ST..ITF.%IEYTS- tontlnued FOR THF. YEklR F.NDED 216 FF.BRiIARY 21124 13. FIXED,ISSET INN'ESTMENTS LIsILd invcstmcnis IARKF"I' N'ALVE Ai l March 2024 Addiiii)n 1.745.51Q 2?9.4?9 1•24,84ni RLI'aluaiiiTrnb Ai ?8 FcbTuary 2a25 l.S42.65¥ NET 11()I)K VAI.I,'V. AI 2% bebruary 21125 I,R4 Ai 29 February 2n24 1,74 Therc WLre ni) invi%lll)Ini asscis i)uisidc thc UK. ThL hi%li)ric cosi i)r thL ahLiVC invLs¢mcnis ai ?y l.L.bruary 2(125 wts5 £1..l%1.18712n•4 . £1.4Q4.17111. Ai 28 Fcbruary 2nty5 ihL w)rtfi)li(b was invcsiLd a% follows.. 2(125 2n24 UK F.qiiily %harLS un(1 Unli Trus1% UK Cii)I'LfiiTriLni 111)nd.4 C'orporol¢ H(Trnd5 1.577.8n2 181.287 X3.569 1.45Q, I fill I X2.49S .¥¥4 Ai 2¥ F¢bruary 2n2$ ihirc w¢rc n() inv¢slm¢nl% rcprcscnling mi)re IhAn SD o (Trf th¢ p(Trrtfc)li() by mork¢l v•lLt¢. 14. IN1'EST￿lENT PR()PERTY FAIR VALUE and 28 I'-cbTUUry 2￿25 2.no F.T Bl)()K I'AI.IIF. Ai 2tl Fchruary 2025 Ai 29 FcbTUary 20?4 ThL last fi)Imal ialuall(Trn i)r Ihc InvL%imLn¢ pNTrpLrti¢s on ihc Pjilochry Lslalc. on Th ()PLn markLi basis, wis i)n I May 2n24. Ihe Tru51cc5 wLrL vf ihc opinion ihal ihc fair valuatjon of Ihc propcrtlC5 hud increascd ¢0 L2 thilliiin. Pa￿￿¢ 23 continbcd...

THF. BENEI'OI.ENT S()CIETY ()F THE I.ICETr4SED TR,IDE ()F SC()TLATr*D OTES T() TIIE FI%..INC'I,IL ST,ITF.IIF.NTS- continued F()R TIIF. I'EAR F.N' DED 2¥ FF.BRII.FaRI' 2024 iIIO%'E%IEYT IN FUNDS N¢t ni(?VLincnl in funds Al 111124 281!;25 Llnr¢strlcl¢d funds 4.$78.711 16,7891 4.571.947 T()TAI, FiINDI 4.57X.711 4.571.94? Nci nii)v¥niLiii in fuiiÉls. includLd in IliL abiivL IITC a4 fi)Ili)w%.' InLiiming rL.41?urLL RL%()urccs CXPLndL (lain4 and Mi)¥'Lm¢ni in futid% Ilnre$irl¢ttd fundi (JLniTal fund $74.69fi IhX2,51XI IfTr.71191 T()TAI. Tr IIND% $74.fi()(I l()X2.51XI 1(1.7%91 C'omp&rlltlves for rnoycmrni In funds Nil Al 11312.1 in liind5 2911.24 Llnrcslrlcted fund5 (icncral fund 3.n14.759 1.501,972 4.578.711 T()TAI. Tr IIND -1.1>14,759 1.561,97? 4.578.711 C'iiiiiparJlivi n¢1 iiic)v¢ni¥iil in fund%. in¢ludid iii ili¢ abn%'L llfL a% fiilliiws.. RLSL)urccs CXPLndL Ciains and Iv5se5 Nf()N'Lmcnl ill funds rLsL)urcLS Ilnrc5tricled funds (tLiILrJl I'uiid $70.491 15l)9.4471 1.597 928 1.561.97• T()TAL TrIINDS -$71Tr.491 599.4471 1.592,928 1.561.97? PagJL 24 coniinucd..

THE BENEI'()I.E%'T %{K"IETY ()F THE LICENSED TR,tDE ()Tr SC()TLAYD P*OTES TO THE FIPYAJCIAL STATE%IEYTS- eontlnued FUR THF YEAR F.NDED 216 FF.BRL'ARI' 2024 101.'E%IEYT IN FIl￿DS- continued A eurrcnl )'cor 12 months and prior ycar l ? mollih5 combin￿ posiiion is os follows.. Nci movcmeni in funds Ai 113,'23 Ilnrestrlct¢d funds 3,014.759 1.557.183 4.571.94? TOT AL FIIliDS 3.Q14.759 4,57 A currLnl ycaT 12 mtmihs and pri()r )'Lar l ? nivnths combJNLd nei mo%cniLmi in funds, Included In tJi¢ above arc as follows.. Inciin)In rc50UICCS Re￿}urCeS elPLndcd (iaiDS and losses Movem¢ni in fmnds Unrestrlcted funds 1.145.187 11.281.985) 1.09J,981 1,551, INJ TOTAL FUI%DS 145,IY7 11.2¥1,9851 1.691.981 .-557.18.1 16. EMPLOYEE BENEFIT OBLIGATIONS r)urinbT Ihc year Ihc ch3rity ¢i)nirihytcd iowards a persnnal defincd contribution %cheme solclv for its Chief ExLcuI)i'c Thc a5￿CL% L)f the 5Lhcnic arl hLld separaicl). from thos¢ of th¢ conipanN' in an ind¢pthdcnily adniin151L Tcd fund. The pen51()n cosl char¥L iepresenis ci)niribuiion% payable by lh¢ ¢ornpan)' lo the fvnd and aniiTrunl.% 11) £8.516 1?a?4 £9.1751. The amuuni (If confribuiii)ns ()ut%iaiiding ai lh¢ }'¢ar ¢nd was £nil120:4 RELATED PARTY DISCLC)SLRES Diirinib Ihl yelir Ihc f h?£ rity paid for priniing ai cosi pri¢c of £1,4•8 from ParaTnuunl Cicalive uf which Pag¥ 25

DJAR YDA TES Applicdlion forms will be forw'arded lo those who participated last year. DATES 2025 ThLir%(liiy 24 April Thursday 8 May WednLsday 4 June Tucsd415' 19 Augusi Tuesd&15' 2 Sepi Tuesday 23 OLI LIIEETINGS A.(i.M. Pop dnd Pros¢cco Mdr Hall Cjoir Duiidonald Cjoir Unclc Bob's Cycle Bougie Bingo SPOIYSORILOC.ATION Dr%'bV<ile Brewery, GlasgoH' Oran Mor. Glasgow Mdr HJII Dundonald link5 Bearsdcn. Ab¢rfoyle Wunderbdr. CJlas&FUW DATES 2025 Thurs .$ Feb. Aiinual Dinner 100 Companies. Doubletree Fliltnn. Cilasgow C'.enlral Hotel ALL DATES ARE PROVISIONAL AND SUBJECT TO CHANGF. PROXY FOR,V Pledse cornpleli return to.. . Q'HIF.F FXECUTIVE. IIA I.'MAII. la being d member of the Sociely, hereby appoini as my proxy lo votc for mc and on my behalf al ilic Annual (Jcncral Meeting of the Socieiy lo behcld 011 ?4 April 2025 aiid at any adjournment thcreof. SICJNED THIS DATE ()F 21125 NOTICF.2021