Chgrlly Reo181r4tlon No. 8C007411 IS¢otlandl THE J. & J.R. WILSON TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 9 FEBRUARY 2026 THE A9 PARTNERSHIP LIMITED Chartered Accoiintants 57109 Hlgh Slrggt O(irtblfino FK46 OEE THE J. & J.R. WILSON TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru$lgè6 K H M8¢kenzle Di B A M Dulhle A J C Plumlree Dr E C Ren￿￿¢k E Geddes {AppolNle(t 6 K48y 20261 ChqTIty numbor (8¢otla#dl SC007411 Prliiclpal addresB & s¢¢rètary Bartys, a braneh olwilghl, Johnaton & Muckenxle LLP 61 Hlgh Slfèel Dunb18nè Porfhshlre FK15 OEH Audltor TheA9 Partn6i$hlp Llmlted 57159 Hlgh Street DunblanÈ Perth$hir8 Scotland FK?5 OEE sollcltors Barfys. • branch ofwrlghl, John81on & M8Gkenxé8 LLP 61 High Slreel Dunb￿ne Perthshlre FKIS OEH InvoBtmpnt advlsor8 Evelyn Parlrters 177 Bolhwell Sli¢61 Glasgow G2 7ER THE J. & J.R. WILSON TRUST CONTENTS Pmgg Tw818es report Slalemenl of I￿￿{ee5 re3pon8tbllilles Ind8p8ndenl audltoff8 rèwl Slalemenl ol lJn8nclal acllvilley 10 Balan￿ sh991 11 Noteg lo the flnan¢lo1 $18lemen16 12.18 THE J. & J.R. WILSON TRUST TRUSTEES REPORT FOR THE YEAR ENDED 9 FEBRUARY2025 The Ifusl¢g$ presei)I Ihelr annuHI Teport and flhand8181alemonl$ lorlhe y￿r eTrdèd 9 Februory 2025. The finand81 slalemenls have been prepgred In accordance wllh Ihe ac¢ounllng pdicSe8 8el oul In nole 1 1¢ tha financl¥l $laieMenl$ and ¢ompty wllh the Irusl'5 goveinlng dDcuniBnl, the Chgrtlles dnd Tiu$t80 InvaBlmenl ISco118nill Act 2005, the ChaillleB Accounts ISeoll2ndl Regvl8llons 2CK16 las amended) "Aw)unlln9 and Reporting by Chatlll8s'. Slal6mènl ol Recornmended Pf8clice 8ppIIBoblp lo charflles preparlnu Ihelr 8¢¢ouiil$ I accordance vAlh Ilio Flnan¢lo1 RepoTllng Slandaid 8pplIcal￿O In Ihe VK ond Rapubll¢ ol Irtsland IFRb 1021" leff•clive I Jpnu#ry 20191. Oblo¢tlv99 and a¢tlvltl68 Tho J & JR Wlson Twsl vias sel up by Mr JohrL Kfjlson In memory of hls giandfalher, John Wilson, end hls lalher, Jomes Rankln wiiaoh. John Vvllson mO￿d lo Plllo¢hry on hls 1ollr6menl bul pKevlously he and hls fallier and grandlalher were farm$rs on thè 6asI 8lde ol Glas9¢)w. Mr Wlson wi$hed thè Income from h18 eB1816 lo be ol bènèfil lo Scotland and Ihe fjlgsgow 8réx In pariicul8r. Accoidlngly Ihe pr4nGlpal purposet ol Ihe TIUBI &fa lo SUPPDrt charllabl& bodles lal ¢8rlng lor the eld&rly, prlmailly bLtI not exclv8lvely In Glasgo%v Iha Wosl ol ScollBnd and {b) ¢arlng1or 8nlm8ls and biid$ (whetlior dom8sllc orwld) vthicl) work Is lo be carriad oul prlmarily bul i)ol excluslvely In Scolland. Allhough Ihe Tmslwas Sel up In February 1989 the Dnty a88&1 d thè Tm81 was £10 unlll loll¢)wJnu Mr Wlson's dealh on 22 Jme 1990 the u$8818 01 tho reslduB ol h18 ¢81019 of £1,703,710 were tr•nsferred lo Ihe Tru$l. The ftrsl Ttu81 Accounts cov6r6d th8 pèriod from the Incepllon ol the TN81 on 10 Febwary 1989 to 9 Fabruary 1992. The admlnlslrotion ol th8 eslg18 W88 completed In November 1991. SlgnlflGanlAc¢lvltlo8 The Trusl lusfil$ Ils oble¢llv6s by Ihè payment of gf8nl$10 relèvant ch9ri1abl8 bodle8. Gront.maklng pollcl08 )1161 Iha TFuslees hov¢ wld6 powers, In pro¢llce there are m¢re Ihan 8tsificl&nt ca518 on Ihe5r lund$ Ir(Ko chailli88 perallno In Glasgow and Ihe W881 ol Scolland (ln Ihe o&se of Ihe eldeilyl &nd Scolland a8 a whol& (In lh9 case ol anlmal8 and blfd$l. A$ 8 reBuII lh8 TNsleos 8re not, as a gengral iule. &ble lo enlvrt8ln 8ppllcallons liom chailli88 oul vilh thèse categorl85. R8qu881s for donallorls ar8 Inv8811galed cgrelthly and wh6re 8ppioprialg Ihe TN81ees vlsll Ihe charfll05 concerned lo eheck Iha carrylnu oul ol the pvrposes ol Ihe donalion. THE J. & J.R. WILSON TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 9 FEBRUAR Y 2025 Grant fundlny acllvllle8 giderly Accord H08pke Age Scoll8nd Afzh8lm8rs Scotland Ardgowan H05plce Aslhma and Lung Ul< Ayr8hlre Hosplce Baillieslon Communlly Care BoalioulcArls B Tlllsh Red Cross Bri115h Imicless (QT the Bllnd CBncer Support Scotland Caierts S¢oll8fi(1 Chosl. He8A & Stroke Scolland Crossraach Crossroads Coring 8¢ollènd DaHodll Club for Ihg Eldeily DeafA¢lion D2al Blind Scollaftd Frl•nds ol Pillochry Hospllal lasgow Glly M1s61on Ql889tsw C8r8 Foyndalfon Goad Momlng Servlce Hèarlng Dou8 foi Deal People Ilourglass Independ8nlAg In18rfooh Transport Kllbrydg Hosplce Llngo Flatlllngo Lodglhy Hou80 MIs81on M&culor So¢loly Maguies CAnceT Cara Cenlro MaTie Gurle Morlb Curle Ho8tyc6 Mcmlllgn C8no*r Support Music In Ho8p1181$ 8nd Care Nordoll and Robblns Gla8govl8 Golden GenerallDn Parklnsons UK Sceuènd Penumbra Playllst lor Llle Prlnce & Piln¢os8 ol Wa198 H08FAce PSPA R6vlv8 M8 Rulherglen Communlly Carers S¢olll8h Hunllnglon'sA88oclellon S¢ollish Opèr Sl AndreWs Hosplce Sl Margaret% HostM¢o Sl Vln¢enls Hosplce SlralhcBrron Hosplc8 Th8 Salvatlon Army VlsOb51ily S¢o118nd Tijtsl. Eldgily 2,000 500 5,000 2.OOC 1.600 2,000 2.000 500 1,QUO 1.500 2.500 600 2,000 2,000 1,000 2,000 1,000 2.QOO 500 2,000 1.000 2,000 3,000 1,500 fj,000 3,000 2,000 2,000 2,000 2.000 2,000 2,000 2,000 3,000 2,000 3,COO 2,000 1.000 1,500 2,000 1.500 1,000 500 2,000 1,000 2.000 3.000 2.O¢JO 2,000 THE J. & J.R. WILSON TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 9 FEBRUARY2025 Grant Fundlnu A¢llvltl¢s- Anlmal8 and BITd8 B8rofts H8ugh, RSPB 3,000 Buglile Scoll#nd 2,OOD Bulle￿Y Con8oNollon Scolland 1.658 Bumblee Conservation Trvsl 1.000 Eftslern Lowlands Red Squlrrel Groirp 1,000 G188gow Rldlng foi the 015gbled 2,000 Give a Dog a Bone 3,000 Hero Paws 1.000 Hors8b8ck UK 500 Mossbuffl Comfflunlly Farm 1,000 PDSA 8,000 Savlng and Rehomlng Slfay8 600 Scolli8h Seablrd Centr& 1.ODO Scotllsh Wldlllo Trust 3,OiJO Souih ol S¢otland Wldllla Hospllol 2.000 S8PCA 6,000 Slray Cg1 R98cue Flfè 5QO The BSg Piclure 3.000 The Guld0 Dogs lorlhè Bllnd As90c1811on 3.000 TIA Greyhound and Lurchfjr RZSS- Wildcal Prolecl World Hor88 Welf8r8 F-UK rolal -Anlm818 & Blrds 3,000 2,000 00 ¢h?rllable Acllvlllos The Trusl88s aio $allsfled IhAt during the year Ihè Tms18chleved 118 oblecllvas. Det&lls ol Ihe In¢om& and expenthl(Ire for lh$ yéai tho movernenls on thè Unre$ld¢ied Fund 8r8 sèt out Ir* Ih allached sl8lÈm8At of FlnantlalA¢livlllè$ And Balgncg She81. Durlng Ihv yeRr don4llon$ mada 01 promlsed lo ch8tllles In support ol Ihe eldeily amounlad lo £93,000 (2024., £87,300) aiid lo ¢harllles In support of animols a￿d blrds amotinlgd lo £46,fs58 {2024-, £47,3QOI. In 8ddilioE) don3llon$ ol£NII (2024.. £NIII wer6 In occordancevllh commllmen18 m8de In prevlgus yè8r8. Fln8nclo1 rovlow In lh8 year ended 9 February 2025 Ihe incomlng resourrps lo1gllèd E154,652 12024.. £157,238) vAlh rGsovfc05 exp¢nded lolalllng £198,28612024'. £176,668) ol whl¢h £15,424 IB due Irorn ¢epllal leaving a deficll on revenu6 01 £28.210. The unie&ll$ed gBln on Inve51menls lor111o period lotalled £236,70112024.' k)85 £208.961). Th9 reallsed loss on th6 dlsposal ol Investments was £2,124 12024,, £NIII iesulling In a lolal galn of £234,577 {2024,' Ios8 £208,961> on Inveslmpnls. Con8équenlly there h85 been a nel increase In fijnds ol £190,943 12024.. nel (i?cregs8 In lunds ol £228,291). The lo141 ILJnds al 9 Fobl￿ry 2025 wefè £4,513.95812024.' £4.323,0151. In managlng the charily finance8 Ihe Tiuslges make8 gi$Thl$ ol mo81 ol th• r6voftuè Inconie for Ihe year. Th81869 c811 al80 allocate Ihg ¢4pllal ol the ¢harlty11 regul￿￿, bul hRVè not don& 80 In Ilils year. Th8 Irusl86s conslder that th6 edmlnl8lr8lfve asslslance fee ol £30,84B 8rlso 50% lo bolh revanu& & ca￿tal. Inv88linen19 Qfe $hown al nwrkol valug In th8 balance shogl. THE J. & J.R. WILSON TRUST TRUSTEES REPORT ICQNTINUED) FOR THE YEAR ENDED 9 FEBRUAR Y2025 Golng concgrn The Trust Is not ¢ommllled lo any ¢onflrmed grants p8y8bl8 after Ihe year end and had tha ablllly lo vary olher granl ¢ommSlmenl& lo earrespond Iha Tiusl'b lulute Income. The Twsl ol$o has $allsf8clory levels rif ro8eNas BNI In Ihg Ilyhl ol these facls Ihe Tru8lees aro oonfid8nl Ihot lttey CEn conllnue lo operato IOT th8 lore8e88ble fulure pnd lo bèlleve Ihal lh8 go%ng ¢oncern bas1$ ol *rounllng Is sppwoprlale IOT the$¥ nftpnclal 8laleme¢)IB, Tharè are no known mal$rfo1 unceMalnllBs about tha Tru$ls ablllly to conllnuè as a golng concern. RasgNes pollcy 11 Is Ihe pollGy ol the Iwsl that unre$lrl¢led fundo whl¢h have not beeri dfj$l9naled lor 8 8peclfi¢ uge 8hould be malnlalned al o 16vel 6qulval8nl lo tyBlwèen threé and slx monlh% expèndllwe. The Iwsle85 conslder thAI raserves I Ihls level I￿11 £n6￿re thai In th8 &V8lbl of 8 8lgnlflc4nl drop In lundlng, th8y wlll bg able lo conllnua the Irusl'8 curienl aciivilieB wht16 ¢onsid61atlon 19 glven to wayk In whlch addlllonol lunda may ba r8ls•d. Thit lèv6101 rostsrves ha$ been malnlslned Ihroughoul the y&af. Tho expeclallon of Iha TruÈl8e816 to generate Incom& In èxcéss ol Ef50,000 In th8 lorthcomlng ￿ar. Tha ThJst8Q8 havè an Ineom8 re8etv8 01 £50,000. The Twslee3 h&ve agietsd Ihal Ihey m8y tJllll$e the In¢ome roBem fund for speclal prol¢cl¥. Invesling111 poll¢y and oblecllvoF The Trusle8$' Inveglmonl pollcy Is lo seèk lo molThlÉln or Improve Iha18v81 of Income produced lo Èvpport the Tru81 oble¢llveÈ whllsl safegu¥rdlng the capllal ol IheTru51. The Trust's Inveslmenls aTe mangg¢d ènd regu18rfy ravlewed by IhB 81ockbrokeT8. Th8 Invellmenl Obj￿IlVe Is lo achlwè 4 balance bohveen Incoin6 and capital ryowth. Al g February 2025 the vElu8 oflhg Im81'$ hvèstmBnig amounled io £4,458,130 (2024.. £4,260,020) StruotuY8. gov6rnanoe and Inanallgmont The charfty Is eontrolled by118 OOV8rnlng dt)cuMèni, A dèed ol tru81 and con511tutes ah unInco￿oI4Ied charlly. K H Mgckenzlg H E CBifiÈgl& Dr B A M DulhS8 A J C Plumlree Di E C R8nvA¢k E Geddes {RÈsluned 27Aug￿l 2024) IAppolnted 8 20201 Recrullmont and appolnlmpiit of Irugt¢8$ New Tru$iee$ 8r6 ie¢NlI od Ic* Ihe Tru$l al the Inyilallon ol Iho exlsllng Tru8l6es. Thp ¥ecretary for Ihe TIu81 diirlng th¥ yopA lo 9 FebN8ry 2025 was Mirell8 G Mor¢hlnl. Kèy man#o•ment The Iru$leos 4re Ihp ¢hprlly's koy m0n8g¢menl. TheBg per$onnol aro In of dlrecllng, conlr(>lllng. and t)perallng lh& tharfty on a lo day ba81s, Rl8k mllnefjeinent ThB Irvsl8è8 havg glven ¢on6tdeialon lo th& major rlsk$ lo whlch lh8 chailly16 QXPQ$gd and lo lh8 8clionD 18ken lo mS1ggle ihose r18k$. Plahts for fiiturè p8rlod8 Tlie Irusl will ¢onlinue lo consldBrand $upport sullable pmjecl8. D*¢l$loii maklnu All declslons arè mat18 by Twslees al Trusle08' m8ellng8. THE J. & J.R. WILSON TRUST TRUSTEES REPORT (CONTINUED) FQR THE YEAR ENDED 9 FEBRUAR Y 2025 The IfuDl8os report W88 approved by the Board ol TFu$lees. K H Mgckenziè Dale., THE J. & J.R. WILSON TRUST STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 9 FEBRUARY2025 Tl* Ituslee$ aro responslble for pTepArill9 the Tiustees Report and Ihe financlal 81Alèmanl8 In accordance ￿th oppllcable lsw Ind Unlled Klngdom A¢couThllng Standards Iunlldd Klngdtsm Gtsnerolly Accapied Accovnllng Pracll¢o}. Th8 law appllcBble lo ¢hatltles In S¢oll&nd requires th& trustees lo prepar8 finenclal slalemenl$ for 82ch fln4nclo1 year whlch olvo a Iwe Bnd 18lr vlew ol the 81818 of affalis of Ihe tmsl and of thè In¢vmlng (&$ouree8 and &ppli¢allon oTTosources of Ihe trust loi Ihal ygar, In pr*parlng these Ilnancl81 slalements, Ihè INslee8 8r8 requlred lo., $el&cl 8tJll4bl& aceounllng pollcles Oll(t then gpply Ihem con818lerfy.' obsètve Iho melhod8 an(J prlnclplèB In Ihe Charili88 SORP,, - ￿￿k￿ludg￿m&nls and esllmales Ihol are reo6onable and prudenl,, Èlalg wh81her oppllcab16 accounllng 8tsnd8ids h#v8 bÈan lollowed, 8ubleci lo ony malwlal ijeparluiès dl$GIosad and explaln&d In Ihts flnènolgl ¥laiemon18' and prepare the fin8rs¢l81 slalemonls on Ihe oolTrJ cohcam ba$ls u￿e8S 11 l¥ InBpproprtal6 lo pro3uMé Ihat thè chgrliy will ¢onllnu6 In OPeFallon. The IiuBlees QTe iesponslbl6 forkèeplnp suffldenl accounllng recorde Ihal dlsclosè vAlh iea50n&blg aocuracy El any Ifrfe the financlal poslllon of the l(u¥l Bnd éneblè Ihem lo ensure Ihol Ihtr Ilnanclal 8lal8men16 comply ￿th tho Chorllle8 and TTus186 Inv081menl {8colland) A¢1 20DS, tho Charllles Accounts IScollAnd) Regul&llonÈ 2006 th6 p￿VIsIonS of lh8 Iwsl deed. Th8y &r& 6180 r88poii8lblè for ¥8leguardlng the 888¢ts of the trust and hence for taking ièa80nablg Sleps for th8 pr￿enrIQn and d8laclion ol fraud and olhgr Irregularlllg8. THE J. & J.R. WILSON TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE J. & J,R. WILSON TRUST Oplnloii We hav¢ 4udil8d Ihts fjnan¢ial 91alem8nls ol The J. & J.R. Wlson Tiu81 Ilhe 'lrurs1'l for Ihe year end¢d 9 F8bTuary 2026 whlch comprlse the stalernenl of flnHn¢lal 3Ctivlll69, Ihè balance shèal and note8 lo Ihe financlpl 81alemènls, Inoluding slonlllcanl uccounung poll¢le$. The financlal reporiing Iram6work Ihal h85 been applied IA Ihelr preparation Is &ppllc8ble law and Unsied Klngdom A¢c¢unllng Standard$, Includlng Flnanclal Rèportlng siand?rd 102 Tlie FlnBnrlal R8portlng Slaiidard appllc8ble In lh& UK and R&publltr of Ir8land {UnlleiS Klngdoin Gonerally Ac¢epled Accounlln9 PraGII¢8)- In our oplnloi), Ihe nnancl•l slalemenl8'. 9Sve a Irup and lalr vlew ol Ihp ¥1ole of th8 charlty's olfalrs ?¥ 819 February 2026 ol It8 In¢oming resources 8n¢J appllcallon ol r8sources, l¢r the yoar Ihen endèd: havè beBn properly plep?￿￿ kn accordBnce wlh Unl1￿ langdom Generglly A￿eplOd Accok)Trling pra¢llco', and hav¢ been yr8pared accordance wllh Ihe Ch8rlll8$ an(5 Trusleg Inveslmenl I8¢011gnd) Aci 2005 and regulallon B ol Ihg ChRrflle$Atcounl$ (scotlandl R&gulalloJi$ 2006. Bas19 lor oplnlon W8 e.onducl8d Qui oudll In a¢cordance wlh Intern8llon81 Sland8rd$ on Audlllng {UKI {ISA• IUKI) ¥hd 8ppll¢8ble law. Our r$spon81blllllo8 LI￿der Ihose s19ntlgrd8 8ro lurlher describBd In the Audi7oVs r6¥sponsibililles Tor lh8 8udll ol 11)e li11811￿8[ sl8leingnl& $8cllon ol our fèport. Wg 4re IndepandBnl tsf lh8 Irusl In 8ccoidan¢È vAlh Ihe elhicgl requif8mènls Ihal arè relov8nl lo our audll of th6 Itnan¢lal slalgmenls In the IIK, includlng Ihe FRC'S Elh1cal Sl8nd8id, and we1i8va ftbllillBd out olheT elhl¢al re$p¥nÈlbllllies Ih a¢¢ord8noe ￿th IhBBe r8qulremenl6, We bellevo Ihal Ilie audll 8vldence we have oblainèd Is suhlclenl and 8pprop¥i&lo lo piovlde o bo918 for our pplfilon. Conclu6lon8 rèlatlng to golng concern In aurliling Ihe nnancl81 slalenienl$. wp have condud6d Ilal Ihe tru$le88 u$0 o( Iho golny ￿n¢8117 b8sls ol aecounllng In th8 piepprallon ol tha ffinanelal 81atsmBnl8 Is Approprf81a. Ba8£d on the woth w8 havg Pgrforffl¥d, w8 h9v& not Idenllffted any malerlal uncerfalnllgs relalliig to gvenl8 or condllS0118 that. indlvidually or colleellvely, May cast sloDlllcenl dovbl on tha Iru81'8 abillly lo contlnu6 ag a going oncem for 8 P8ri0d ol al16asl twelve month5 Imm whBn Ihè finencial stdiemenls are 8ulhorl$ed lor1ssu&. Our re$ponglblllll&$ and the Te8ponslbilllle& gf IhB Iwslees wllli resp¢¢l lo golng concern are de8cribed In th& relevonl 8e¢llon8 of Ihls report. 0111gr Informatloii The olher InffjimBtIDn comprf8è5 the Informallon Includ¢il In IhB Hrnuel report olhor than Ihg financi81 slalÈmenl8 and our 8udilor's report 11)&reon. The trustees ore regponslblo lol the ollier Infoimallon conlalned wlhln Ilie &nnuo1 report. Our oplnlnn on Ilie financ￿1 81alemonls does nol cover Ihg olher inloimatlon and w6 do nol #xpr6$5 any foim ol a$svrHnGe conclu$lon thereoll. Our responslbillly 1$ lo read the ollier Infoimalion and. In dL¥lng so, ¢on8lder whalher Ihe olhar Inlormallon Is maleiially Inconslslenl ￿1h the fin8n¢lo1 slal8menls or our knowledge oblalfted In Ihg cour6e ol Ili* audll, or olh8Twise eppgBf8 lo be malerlally mi981aled,11 wo Idanllly such m81eiial IncofiÈislenelo8 or appaienl Mgleilal misglalemanls, we are reqvlrecllg d818rmlne whell)er thls glves rfse to a malerlal niis51alemenl In the financlal slatem8nt$ Ihems6l¥e8. 11, basèd on the work we have pf*rfofnied, we Conclude Ihpl Ihere 18 8 m01er141 mlsstatèmenl ol Ihls ollier Infor¢nalloll, wo afe rBqulred Io fePQrt Ihal lacl. Wa hav& noihlno io Teport In11)l¥ réoard. M&tt8r8 on whl¢h we are ieqvlrgd lo roport hy oxcepllon Wè have nolhlng lo ieport In Te$p8cl ol the followlng malleis In rolalion lo whlch th¥ Charflle6 A￿o￿nIS IScoll8ndl Ro9ulallon8 2008 requlre8 us lo reporl lo youll, In our oplnlon.. Ihè Informallon glven In lh6 finan¢18181alement8 Is Incon$l6lenl In any maledul ieoP8cI wlli Ihe Irusl¢ès rÉpgrl,' or pioper ac¢ounllng record$ h8v& ftol be8n kept., or il* flnanclal stal8menl$ are not Ih agieement with Ihe 8ecounllnu reGords; or we have nal recelv•d 011 ihe inlorn)allon and explaftallons we requlre loi oyi audll. THE J. & J.R. WILSON TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE fRUSTEES OF THE J. & J.R. WILSON TRUST Rè6pohslb11511és of liustees As expl&lnEd more lully In the slalement ol trust881 rnsptsnBlI )iflllè$, IhÈ Intslees are feBponBlblo forlhp prep8r8llon Ilhè fin?nGlal $lalemenli and lor belng $allsfied Ihal they olve 8 true and lalT ￿ew, Bnd for svch Snleinal control 4$ the IiusleeÈ d61ermlne Is neceg58ry lo enable the pr8P8rallon of fjnAn¢lal slafemenl8 Ihal fir6 free from maièrlal mls$l?lomenl, whelher duo 10 (raud or 8rror. In preparfng th& flnan¢lal 81818mgJ18, tha liuslees are rèspon$lblts for a8ses$ing the Iru&l'$ 8bilily lo conllnue as a uolng ¢￿}ceM, di$closlng> 88 appll¢obl8, mallei8 relgled lo gdng ¢èncèrn uslng Ihe ¢Dlng concorn ba$1$ ol a{￿ul1*ng vnlB$8 Iha Im8le88 ellhor InterKI to cea88 OP8rallons, or h#v8 no reali$llc ettemal￿8 bul io do so. Audllor's rèspontslbllltlos for the audll of Ihg Iln¥n¢lal stat•m&nl We have been 8ppolnled as auditor vnder secllon d4{1llc) ol lh& Chaii11&8 ond Tw8198 Inveslfflenl ISGollandl Act 2006 and iepoti in acGord8n¢# w51h lh¥ Acl and iol&vanl regulallons mAde or having èlfocl Ih8réund8r. Ouf oblècllvè$ Are lo obkln T08soll8bl8 8$sur8n¢¢ aboul whelhol Ihe fJn8n¢lg1 $191omenls ai a whola 8r• freg from malerial ml88lal8Mènl. wh8lh6r duo lo f(aud or erf¢r, and lo 18suè an audilorfs ieport Ihgl hclud88 our oplnlon. Rea5tsnab18 assvigncè Is a hlgh 18v85 of 88svrBnc8 bul Is not 8 guai8nle0 Ih818n dudll conducleil In o¢cordano th ISAS (UK) V￿11 always dèlecl a malorlal M1881aiemenl when il 8XIBls. MIB8lalamen18 can 8rl8e from Iraud or eifor and gre ¢on51dered malèrlas If, Indivldually or In Ihè 8ggrèg81&, Ihgy could r•asonably be expeGled lo Inffu8n¢e th8 economlc declslons of users taken on the baBls ollhese flnanclo101olemenl5. ThTr gxIDnl lowhlch ow procedures gie capable of dé(96tlno Irr8gulArlllès, In¢ludlMg Ir8ud, 18 detalled balow, Irregularilt88, Includlng fraud. are Inslanc&s ol non.compllAn¢g wllh laws and wulolEong. We d081gn iYo¢8duieg In ne ￿th our résponslbllllleÉ, oulllngd abova, to d81ecl mal8rfal rnlsstalements In respecl ol Ircegularflles. Inclurfing Irdvd._ Based on our underslandlng of the eharlly ond 118 Induslry. we idenllfled Ihal Ihg PrillGlpal f18k8 91 non- compllènee vAlh IAWS ar*1 r8gulallong rèlated to UK tax 18g18lAIIDn, Anll-brlbery, data piolecllgn gnd mon8y laundering and we consldwed ihe extenl lo whl¢h non,7381 Al 9 February 2025 4,458.130 Carrylng amouiit Al 09 February 2025 4.458,130 Al 09 FebTu8ry 2024 4,260.020 Ihln Inve81n7enls19 £498,742 01 BNY Mellon Glob81 Incomg Inve$lm8nt Funds. Th1$ represents 11.1Yo ol the 10181 portlollo held andlg ¥ malerf81 Inv8slmenl. There wew no olher Inveslmenl 888918 over 5% 01 Iho portlollo, The iolal hlstoric b98e COBI of Inw8lm#rnl6 wllhln Iha portollo15 £2,805.470, 12 Dgbtors 202fj 2024 Amoifnta f8lllng duo wllliln ono yéar: moiil88 duo fiom brokers anfl soliclltsrs 9,093 14,7B4 13 Olher G¥edlIo￿ lalllnu diie wlll)In on& yoar 2025 2024 Trade ¢red6tors Accruals and deleTred lllcomè 6.900 22.324 15,95f4 6,900 29,224 22,B56 17. THE J. & J.R. WILSON TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 9 FEBRUARY 2025 14 UnroslYl¢tsd fundÈ Th8 tinrÈslrtcted lund8 91 lh¥ chartly Gomprls8 tho unaxpanded balance of th8 founOlng dohallon. The fLtnds are nDI sublocl 8P6cific condluons on how they may be used bul musl b• used In Fupport of th8 charilabl8 oble¢i4ves. Atl0 Febr￿ary 2024 Iiicon￿n9 regotircbs Resourcè$ expgndad Galn$ #nd At 9 F&bruary los•es 2026 0on8r81 fttnds 4,323,016 164,BS2 (198.286) 284,577 4,613,956 Prevlou8 ycar. At10 Fobiuary 2023 Incomlng Rogo¢irc98 8ources expended Ins and At 9 F8briiary 109$65 2024 Gaier81 tunds 4,561.308 167,238 1176,5681 [208,9611 4.323,015 qo Analy81$ of nèt 468èt8 b8lweon fund$ UnrèBlrloted rund8 2020 At 9 Febriiary 2026: Inve3lMenl8 Cvrrenl asset$lllltsblllll88} 4,458,130 55.828 4,513.968 Uiir05tr1ctgd (und8 2024 At g February 2024: Ihve$im¢nls Cutrent as681s1{li8bi1S1￿l 4.26D.020 62.995 4,323,01S 16 Rèlated party tron$aGilon¥ Tra￿8￿CtIonS wllh rolul•d partl88 RelBle(I party tr4HnsectloDs are dlsclosed al nole 9. 1B-