EDWARDS BENEVOLENT FUND SCOThISH CHARITY NUMBER: SC007264 TR STEES REP AND STATEMENT OF ACCOUNTS R THE YEAR DED RT EDWARDS BENEVOLENT FUND INFORMATION Trustèes Reverend Or Daniel Spencer Reverend Jonny Clipslon David Cameron Samantha Waters Address 1 East Craibstone Slr8&t Abèrdeen AB116YQ Legal Advisors James & Georgg Collie LLP 1 East Craibslone Street Aberdegn AB11 6YQ Independent Examlnar Lorna Jackson On behalf of Hall Morrice LLP 6 & 7 Quaèns Terrace Aberdeen A810 1XL Inveslment Managers Rathbones Investment Management George House 50 George Square Glasgow G21EH EDWARDS BENEVOLENT FUND CONTENTS Truste88' Annual Report Independent Examiner's Report Receipts and Payments Account Statemenl ol Balances Notes to the Accounts EDWARDS BENEVOLENT FUND REPORT OF THE TRUSTEES FOR YEAR ENDED 30 N VEMBER 202 Objectiv8s and Actlvltles The purpose ol the Trust is to pay the annual income from the Trust Assets equally between the Parishes of Newhills, Dyce and Sken8 for distribution lo the elderly, young and needy throughoul the Parishes at the discretion of the respective Kirk Session. The objective of the Trust is to relain the capital to generate a good level of income from which the grants can bè paid whilst protecting the capital for future growth. The majority ol the capital is invested in the stock market and is managed by Rathbonès Investment Manag9rn8nt in Glasgow. Financial Revlew The Trust made èqual payments to the Parishes ol Newhills, Dyce and Skene totalling £33,000. The Trust aims lo ensure thal there is sufficient revenue funds to pay grants, which are paid in December and June, and also torihcoming capital and income expenses. Al 30 November 2025 there was a closing cash balance of £28,016 01 which £10,253 was held in the Trust's Expendable endowm8nl fund and £17,763 was Unrestricted. Structure, Govornance and Management The Trust was founded by Trust Disposition and Selllement and Codicils respectively dated 21 August 1854, 21 March 1860 and 11 February 1861 granted by Alexander Edwards and as amended by the Edwards, Trust Order 1881 and 1934. Trustee Recrultment and appolntmenl The Trustees shall be as slated in the Trust Deed th8 present ministers of Newhills, Dyce and Skene, the Sècretary of the Aberde8n University and Lord Provost of Aberdeen. A factor shall be appointed by the Trustees. The present factor is Forbes MacLennan of James & George Collie. Statement of trustees, re8ponsibilltle8 The Trustees ar& responsible for preparing the Trustees, Report and thè financial statements in accordance with applicable law and Uniled Kingdom Accounting Standards (United Kingdorn Generally Accepted Accounting Pra¢lic81. The law applicable to charities in Scotland requi￿5 the trustees to prepare financial statemènts lor each linancial year which give a true and fair view ol the stale ol affairs ol thè Charity and of the incoming resources and application ol resources ol the charily lor that period. In preparing these financial slatèmenls, the Iruslees are required lo.. select suitable accounting policles and then apply Ih8m consistently., observe the rnethods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charity will continue in operation. The Iruslees are responsible for keeping accounting records that disclose wilh reasonable accuracy at any lime the financial position ol the chariiy and ènable them lo ensure that the financial statements comply with the Charities and Trustee InvgStm8nt {Scotlandl Act 2005, Ihe Charities Account5 {Scotlandl Regulations 2006 (as amended) and the provisions ol the charity's constitution. They are also responsible lor safeguarding the assets ol the charity and hence lor laking reasonable steps lor the prevention and detection ol fraud and other irregularities. EDWARDS BENEVOLENT FUND REPORT OF THE TRUSTEES FOR YEAR ENDED 30 NOVEMBER 2025 In accordance with the tèrms of the Deed of Settlement, the assets ol the Charity are appli8d exclusively for charitable purposes within th8 temis ol the Gharities Investments and Trustees (Scotlandl Act 2005. Approved and signed on behalf of the Trustees Reverend Jonny Cllpston 10 August 2026 EDWARDS BENEVOLENT FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the accounts of the charity for the year ended 30 November 2025 which are set out on pages 4t06. Respective Responsibilities of Trustees and Examlner The charity's trustees are responsible lor the preparation ol the accounts in accordance wilh the terms of the Charities and Trustee Investment Iscoilandl Act 2005 and the Charities Accounts (Scotland) Regulations 2006 las amendedl. The charity trustees consider that the audit requirern8nt ol Regulation 10{11 lal to Icl of the Accounts Regulations does not apply. It is my resF)onsibilily to examine the accounts as required under sèction 44111 {cl of the Act and to state whether particular matters have come lo rny attention. Basls of Independent examlner's st8lement My exarninalion is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review ol Ihg accounting r8cords kept by the charity and a comparison ol the accounts presgnled with those records. It also include5 consideration ol 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 Ihe view given by the accounts. Independent examln8r'8 ststement In the course ol my examination, no matter has come to my attèntion.. which gives me reasonable cause to believe Ihat in any material respect the requirements: lo keep accounting records in accordance with S8clion 44111 la) of the 2005 Act and Regulation 4 01 the 2006 Accounts Regulations., and lo prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations., have not been mel., or to which. in my opinion, attention should bè drawn in ord8r lo enable a proper understanding of the accounts to be reached. Lorna Jackson CA On behalf of Hall Morrice LLP Chartered Accountants Aberdeen, 10 August 2026 EDWARDS BENEVOLENT FUND RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 202 Expendable Endowment Fund Unrostrlcted Fund Total 2025 2024 RECEIPTS Income from inveslments Rèntal income Bank interest received 20,065 20,065 23,601 23,601 98 98 43,764 43,764 22,469 23,699 46.168 Receipts from investment sales Proceeds from sale of investments 127341 TOTAL RECEIPTS L4 2947 17 PAYMEpirs Charitable activities Grants and donations Legal le8S Accountancy fees Stockbrokers managem8nt fees Property costs Properly management fees 33,000 33,000 9,703 9,703 5,940 5,940 6,608 4,485 33,000 28,057 5,400 6,422 6,608 4.485 6,608 57,312 63,920 77,177 Payments relating to inveslm8nl movements Purchase ol inveslmenls 122 239 382 ￿61 TOTAL PA YMENTS SURPLUSI(DEFicin FOR YEAR 24 99 5,044 113,5481 18,504) 125,7291 EDWARDS BENEV LENT FUND STATEMENT OF BALANCES AS AT 30 NOVEMBER 2025 Expendable Endowment Unrestrlcted Fund Fund Total 2025 2024 CASH FUNDS As at 1 December 2024 Surplusl{deficitl lor year Transfers 5,477 5,044 31,043 113,5481 36,520 62,249 (8.504) 125,7291 As at 30 November 2025 10,253 17,763 28,016 36,520 R8pr8sented by: Cash held - J&G Collie Cash held- Ralhbones 16,768 16,768 10,253 17,763 28,016 INVESTMENTS Inveslrn8nt properties lal valualionl Stocks and shares (al market value) 390,000 390,000 390,000 792 210 71 1,182,210 1,182,210 1,109,318 LIABILITIES 9,857 9,857 15,643 Approved by the Trustees on 10 August 2026 and signed on their behall by: Reverend Jonny Cllpston On behalf of the Trustees EDWARDS BENEVOLENT FUND NOTES TO THE ACCOUNTS FOR YEAR ENDED 30 NOVEMBER 2025 Trustee Remuneratlon None of the trustees were paid any remuneration or expenses by Ihe Trust during the year 12024 £nil). Related Partl8S James & George Colli8 LLP charged th8 trust legal fees during the year of £9.283.