Company No. C8000662 Ch•rlty R•gl8trallon No. SC008608 Iscotlandl THE UK OIL & GAS CHAPLAINCY TRUST SCIO REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE UK OIL & GAS CHAPLAINCY TRUST SCIO LEGAL AND ADMINISTRATIVE INFORMATION KDey l Ferguson S Smith S Barr M Wlson Charlty numb•r (Scotlandl SC008605 Company numbor CS000562 Principal addres clo Adura The Strlver Fin 455 Union Street Aberdeen United King(*)m AB116DB Independent examlner Azets 37 Albyn Place Ab&rdeen United Kingdom AB10 IYN Bank•rs Unty Tru Bank PIC 9 BriDdY Place Birmingham Unrted Kingdom B12HB
THE UK OIL & GAS CHAPLAINCY TRUST SCIO CONTENTS P•ge Trusle8s' report Independenl examinerfs report Stslemenl of finandal acfvities Balance sheet Notes lo the finanaal 8tslemenls 7-12
THE UK OIL & GAS CHAPLAINCYTRUST SCIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present theif annual r8POrt and finanrjal slalements for the year ended 31 Decembei 2025. The financAal statements have been prepared in acrA)rdance with the 8c£ounling policies set oul in note 1 to the financial statemènts and comply with the charitys cxJnstitution, th& Charities and Trustee Investment {Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 20 las amÈndedl and "Accounting and Repottng by Charities." Slalemenl of Rec4)mmended Practice applicablè to charities preparing their accounts in accordance with the FinancJal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102118ffe¢Aive 1 January 20191" Obiectives and actlvltlex The UK Oil & Gas Chaplaincy Iiust SCIO is a Scottish Chariiable Incorporated Organisalion C'SCIO.) {Charity No. SC0086051. The prinuple address is Shell UK Limited, The Silver Fin, 455 Union Street, Aberdeen, United Kingdom, AB11 6DB. The SCIO wa5 incorporaled on 6 August 2014 as a fe5utt of a SCIO application by Aberdeen Oil Industry Chaplaincy Trust, a trust regist6r8d as a Scottish Chanty since 14 July 1989. On 16 Septembor 2014 the net assets of the Trust We gifted lo the SGIO. and on 31 Decernber 2014 the net assets of The Oil chaplain Trust Limited, a Scfjttish Registered charitable ojmpany {Company Reglstration Number SC1268871 were gifted lo the SCIO. The SCIO'S governing document is its Constitution and the objecis are.. the advancement of religion." and the relief of those in need by rea50n of financAal hardship or other disadvantage. The policies adopted in fvrtherance of these objects are sel out in the Conslilulion and there has been no changè in thes8 during the year. The trustee5 have paid due regard to guidance Issued by the Charity Commission in deciding what adiwlies the charity should undertake. The prinapal actiwtte$ of the SCIO are.. Chaplalncy Support- funding the remuneration package of a chaplain who provides pastoral support to woikers and their families in the UK oil and gas industry. This includes the provision of transport to enable the chaplain lo provide pastoral supporl to families throuyhout the UK and the costs associated with regular offshore visits. A eh8plaincy adminislrator is also funded to provide support to the chaplain. Hardship Relief - providing financial reliel or support to w0erS and their familiés in the UK oil and gas industry.
THE UK OIL & GAS CHAPLAINCY TRUST SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Achievements and perfomance The SGIO have oonlinued to be SLJccessful in securing donations throughout the finanryal year with donations of £184.90812024 - £164,345) being received. The SCIO relies heavily on the continued supporl of donor5 and ha5 received significant donations from large org8riisations within the Oil & Gas sector which il operates along with donated premises to operate from. Incorne exceeded expènditu in the current year, total spending was £162,864 (2024- £180,361). The SCIO maintain5 a healthy unreslricled funds balance. The SCIO'S goveming duMent slates Ihat the Trustees shall apply the SCIO'S fund5 and the ine4)me thereof lo fund.. The costs of maintaining the UK Oil & Gas Industry Chaplain in office and in performing his functions induding, without limitation-. an annual stipend. an offshore allowance lif appropriatel. administrative, travel and subsistence expenses, and secretarial and all other expenses reasonably incurred. Financial relief or support in whatever fomi to those working or who have worked in the UK onshore 01 offshore pelrochernical industry. or industries 5UPPOrted or connected with the sarne, or the Immediate family or partners of such workers and who are sulfering Sevtt finanaal hardship by reason ol illness, redundancy, accidenl or other misfortune to suc* a worker or his irnmediale lamily or partner. The tnjstees have discretion lo do anything which is calcu181ed lo fijrther the organisation's purpose or is conduuve or inrydenlal lo doing so. Financial review Reserves policy The rtharity's reserves at 31 Decembe¥ 2025 were £172,527 12024 £146.7601. The trustees have adopted a policy of retaining suffiuent reserves lo protect against changing fin8ncJ81 circumstances, in particular condilions which rnay anse limiting the funds being paid into the SCIO and also to allow sufficient funds lo mèet particular appeals whith may fall within the abjectThies of the SCIO. Future plans The tru51ees will activety encourage the ongoing support of corporate fvnding for the future. Stwcture, governance and management The UK Oll & Gas Chaplaincy Trust SCIO is a e0gniSed charity in Scotland (chartty number SC0086051 goer1ed by its Constitution. The trustees who served during the year and up to the date of signature of the fin8neial statements were.. S McLennan (Resigned 2 February 20261 A Thom {Resigned 2 February 20261 KDey l Ferguson S Smith S Barr S Sheal M WThlson (Resigned 19 March 20251
THE UK OIL & GAS CHAPLAINCY TRUST SCIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The powers for appointment and removal of trustees are set out in the Charity's ConstitutK)n. A board of trustees administers the charity. Pursuant to therr delegation power5 under the charitys constitution the board, for as long as hardship relief remains a purpose of the oiganisation, shall establish and maintain a sub-committee, known as the hardship committee, which shall have all necessary powers to receive and consider Cases foi hardship welief. Individuals are inwted by the board lo become trustees and are selected on the basis of th8ir comrnilmenl lo achiewng the objectives of the SCIO. Oonated Facilities The trustees greatly appreuale the donated offices and 5UPPOrt costs prowded by SheFI U.K Lld during the period. ststèmènt of trugtees. responsibilities The trustees are responsible lor pieparing the Trustee5' Report and the financial slalements in actordance with applicable law and United Kingdorn Accounting Standards (United Kingdom Generally Aecepted Accounting Pra¢ticel. The law applicable to charities in England and Wales requires the trustees lo prepare financial statements for each financial year which give a Irue and fair view ol the state of affairs of the ch81ity and of the incoming resources and application of resources of the charity for that yeai. In preparing these financial slatements, the Iruslee5 are required lo.. select suitable accounting policies and then apply them consistenlly., obseNe the rnÈthods and PfTnciples in the Charities SORP., make judgements and estimates that are reasonable and Prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the finanaal statements., and prepare the financial statements on the going concem basis unless it is inappropriate lo presurre that the charity will continue in operation. The trustees are responsible for keeping sufficient accounling records th81 di5d05e with reasonable accuracy at any time the financial position ol the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and Ihe provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularrties. Th trustees, report was approved by the Board of Trustees. l Ftryus Trustee Date(1.. 1 June 2026
THE UK OIL & GAS CHAPLAINCY TRUST SCIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE UK OIL & GAS CHAPLAINCY TRUST SCIO I report on the financial statements of the charity for the year ended 31 December 2025, which are set out on pages 5t012. Respectlve responsibilltles of trustees and examiner The charity's trustees are respon51ble for the preparation of the finanual stslemenls in accordance wlh the lemis of the Charities and Trustee Investments {Scollandl Act 2005 and the Charities Accounts (Scollandl Regulations 2006. The charity's Injslees consider Ihat the audit requirement of Regulation 1011118) to Ic} of the 2006 Accounts Regulations does not appty. It is my responsibilily to examine the finanaal statements as required under section 44 (Yllcl of the Act and to slate whether particular matters have come to my attention. Basis of independent examinerfs statement examination is carried out in acc£Jrdance wrth Regulation 11 of the Charities Ac£ounts (Scotland) Regulations 2006. An exarninalion includes a rewew of the accounling records kept by the charity and a comparis of the financial slalements presented with those records. It also includes consideration of any tjnusual items or disclosures in the financial statements, and seeking explanations from the trustees conceming any such rnatters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequently I do not express an audit opinion on the wew given by the financial statements. Independent examinerfs statement Your attention Is drawn lo the fact that the charity has prepared ffinanual statements in accordan with Accounting and reporting by Charities preparing their ac£ounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland {FRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 whith is refeed to in the extant regulations but has now been withdrawn. understand that this ha5 been done in ordér for the financial statements to prowde a true and fair view in accordance wrth Generally A¢c&pted Ac£ounting Practite effective for reporting periods beginning on or after 1 January 2015. In connection with my examination, no olher matter except that referred to in the previous p8r8graph has come to my attention.. lal which gives me reasonable cause to believe that in any material respect the requirements.. lil to keep accounling records in accordance with section 44111 lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and {iil to prepare financial statements which accord with the accx>unting records and comply wrth Regulation 8 of the 2006 Accounts Regulations". have not been met or Ibl to which, in my opinion, attention should be drawn in order to enable a proper understanding tsf the finanual statements to be reached. Greg Houston FCCA On behalf of Azels 37 Albyn Place Aberdeen AB10 1YN 1 June 2026
THE UK OIL & GAS CHAPLAINCY TRUST SCIO STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrnstrlct•d funds 2025 Totsl fund• 2024 Motes Donations and legacles Investments 184,908 3,723 164,345 3,575 Totsl Income 188,631 167.920 Charitable activiti&5 162.864 180,36t N•t •xp•ndlthrn 25.767 (12,441) Fund balanc*s al 1 January 2025 146.760 159,201 Fund balanc•8 at 31 D•c•mb•r 2026 172,527 146,760 The slaternent of financial activitl8s indud8s all gains and losses récognised in the year. The statement of financial 8d&tieS Includes all galns and losses recognlsed In the year. All Income and expendfrture derive from continuing activitl8S,
THE UK OIL & GAS CHAPLAINCY TRUST SCIO BALANCE SHEET AS AT31 DECEMBER 2025 Unrestricted funds 2025 Totsl fvnds 2024 Notes Fixed assets Tangible assets 1,471 Currnnt asséts Cash at bank and in hand 197,547 200,247 CrÈdlttswB= amounts falling due within one year 10 {26,0141 154,958) Net eurrent assets 171,533 145,289 Total assets less current liabilities 172.527 146,760 Income funds Unrestricted funds 11 172.527 146,760 Total funds 172.527 146,760 The finanaal statements were approved by the Trustees on 1 June 2026 l Ferguson Trustee
THE UK OIL & GAS CHAPLAINCY TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies harity InforniatSon The UK Oil & Gas Chaplaincy Trust SCIO is a Scottish Charitablé Incorporated Organisalion I"SCIO"I (Charity No. SC0086051. The registered address is Shell UK Limited, The Silver Fin, 455 Union Street. Aberdeen, United Kingdom, A811 6DB. 1.1 Accountlng conventlon The financial slatemenls have been prèpared in accordance with the charity's constitution, the Charities and Trustee Investment Iscotlandl Act 2005. the Charities Accounts (Scotlandl Regulations 2006 {as amended) and "Accounting and Reporting by Gharities. Statement of Recommended Piaclice applicable to chanties preparing their a¢counls in accoidance with the Finanaal Reporting Standard applieAblè in the UK and Republic of Ireland {FRS 102)" las amended for accounting periods commencing from 1 January 20161. The charity is a Public Benefit Enlty as defined by FRS 102. The charty has taken advantage of the provision5 Iri the SORP for chanlEs applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The finanaal stalernents have departed from the Charities IAccounts and Reports) Regulations 2008 only lo the extent required lo provide a true and fair view. This dep3rture has involved following the Statement ol Recommended Practi for charities applying FRS 102 rathei than the version of the Slatemer¢l of Recommended Practice which is referred lo in the Regulations bul which has since been withdrawn. The financial stèlements are prepared in 51erfing. which is the functional ujrrency of the charily. Monetary amounts in these finanaal stslemenls are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The prinupal acc4)unling poliaes adopted ale set oul below. 1.2 Charitable funds Unrestricted funds are available for use al the discrelion of the trustees in furtherance of their charitable objectives. 1.3 Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been rnel. the amounts ¢an be measured reliably, and il is probable Ihal income will be ieceived. Cash donations are recognised on receipt. Other donations are Tecognised once the charity has been notified ol the donation, unless perforrnan conditions require deferral ol the amount. Income lax Tecover8ble in relation to donations received under Gift Aid or deeds ol covenant is reeognised al the Iirne of the donation. Legacies are iecogni5ed on re¢eipl or otherwise if the charity has been notified of an impending distribution, the amoLJnl 1$ known. and ieceipt is expected. If the amount is not known, the legacy IS treated as a contingent a55el. Income is recognised when the charity 15 legalty entitled to Il after any perfomance conditions have been mel. the amounts can be rneasured reliably, and it is probable that income will be received. 1.4 Resources gxpend*d Liabililies are recognised as expenditure as soon as there is a legal or conslructive obligation committing the charity to that expenditure. il is piobable Ihat a transfer of economic benefits will be required in sèttlement the amount ol the obligation can be measured reliably. Expenditure is accounted lor on an accruals basi5 and has been classified undei headings Ihat aggregate all cost related to the cateuory. Where costs cannot be directly attnbuted lo particular headings they have been allocated lo a¢livilies on a ba51s consistent with Ihe use of resources.
THE UK OIL & GAS CHAPLAINCY TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting polici (Continued) 1.5 Tanglble fixed assats Tangible fixed assets are initialty measured al cost and subsequently measured at cost or valuation, net of depreciation and any impaiment losses. Depreaalion is recognised so as to write off the C$1 or valuation of assèts lèss their residual values over their useful lives on the following bases.. Fixtures and filllngs 25°A straighl line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value ol the asset. and is recognised in the statement of financial activities. 1.6 Cash and cash equrvalents Cash and cash equivalents include cash in hand, deposits held al call with banks. other short-lemi liquid investments with original maturities ol three months or less, and bank overilraft5. Bank overdrafts are shown within borrowings in current Iiabililies. Baslc financialassets Basic financial assels. which include debiors and cash and bank balances, are initially measured at transaction price induding transaction costs and are subsequently carried at amortised cost using the effective interest melhod unless the arrangement constitutes a Iin3ncing transaction, where the transaction is measured at the present value of the lulure receipts discounted at a market rate of interest. Financial assets as5ifi8d as ièc8ivable within one year are not amortised. Basic financial liabilibes Basic financial Iiabililies. including creditors and bank loans are initially recugni5ed 81 Ir8nsaction price unless the arrangement constilules a finan¢ing transaction, where the debt instrument is rneasured at the present value of Ihe future payments discounted 8t 8 rn8wket rate ol interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequentty carried al amortised cost. using the effective interest rate method. Trade ciedilors are obliyations to pay for goods or services that have been acquired in the ordinary course of operation5 from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction pnce and subsequently measured at amortised cost using the effective interest method. Derecognltion of financial liabilities Financial liabilities are derecognised when the ch8rily's contractual obligalions expire or are discharged or cancelled. 1.7 Taxation The charity is exempt from tax on its charitable activities. 1.8 Fund Accountlng Unrestricted funds induding incoming resources recewable or generèled for the objects of the charity without further speafied purpose are available as general funds. These funds rAn be used in accordance with the charitsble objectivés al tha disuetion of the trustees. Designaled funds are those sel aside by the Irustees out of unrestricteLI general funds foi speryfi¢ future purposes.
THE UK OIL & GAS CHAPLAINCY TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2025 Accounting policies Icontlnuèdl 1.9 Operating leaslny ¢ommitments Renlals paid under operating leases are Charged lo the profit and loss account on a straight line basis over the period of the lease. Crbtlcal accounting estimates and judgements In the application of the charity's a¢¢ounling poliaes, the Iru51ees are required lo make judgements, estimates and assumptions about the carrying amount of a55els and liabilities that are not readity apparent from othèr sources. The estimates and as50ryaled assurnptions are based on historical experience and other factors that are considerèd to relevant. Actual results may differ from these esbmates. The eslimales and underlying assumptions are rewewed on an ongoing basis. Revisions lo accounting eslimales are rec£Jgnised in the period in which the 8Stimalè is rew5ed where the rewsion affects only Ihat period. or in the period of Ihe revision and luture periods where the rewsion affects both current and future periods. Donations and lèga¢lo$ 2025 2024 Donations and gifts Donations. UK Oil & G8s Donated goods and servic£s 1,426 149,719 13,200 171,708 13,200 184,908 164,345 Investments 2025 2024 Interest receivable 3,723 3,S75
THE UK OIL& GAS CHAPLAINCY TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Charltable activities 2025 2024 Depreciation IT, postage and slalh)nery Advertising Sundry Church service expendfjlure Hospitality Travel and subsistence 477 2,458 1,577 36g 3.804 127 437 1,024 165 360 3.447 613 8,063 E 11 ChLJrch of Scotland costs Offshore allowance Recruitment and legal fees Telephone Services & facilities Hardship disbursernents 62,175 21,000 3,120 675 13,200 43,882 70,642 21,000 3,167 619 13,200 54,711 159,930 177,448 Support Costs Bank charges Independent eKaminér 144 2,790 197 2,716 162,864 18C),361 Net movement in funds 2025 2024 The net movement in funds is staled after chargingl{credilingl'. Fees payable for the Independent ex8minalion ol the Charits financial statements Depreciation of owned tsngible fiKed assets 2,7 477 2,716 437 Trustees None of the Iiustees {or any persons connected with Ihernl received any remuneration or benefits from the charity during the year. Taxation The charity is exernpt from taxation on ils aclmlies because all rts income is applied for charitable purposes. 10-
THE UK OIL & GAS CHAPLAINCY TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Tanglbl• fixgd assets Flxturo8 lkttlngs C08t At 1 January 2025 1,908 Al 31 December 2025 1,908 DeprocFatlon and Impairment At 1 January 2025 Depreualion charged in the year 437 477 Al 31 December 2025 914 Carrying amount At 31 December 2025 994 Al 31 December 2024 1,471 10 Creditors: amounts falllng due wlthln one year 2025 2024 Other credilofs Accruals and def8rred Income 23,224 2.790 52.312 2,646 26.014 54,958 11 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants whith a not SLJbject to speufic conditions by donors and grantors as to how they may be used. These include designated fund5 which have been set aside out of unrestricted funds by th8 tiuslees for specAfic purposes. At 1 January 2025 Incoming resources Resources exp8nded At31 Dè¢emb¢r 2025 General funds 146,760 188,631 1162,8641 172,527 Previous y•ar: At 1 January 2024 Incomlng résou?5 Resource expended At31 Decernber 2024 General fijnds 159,201 167.920 1180,3811 146.760
THE UK OIL & GAS CHAPLAINCY TRUST SCIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 R•lat•d hn••cllo There w¥e no di%h)sable rèlated paty tran8•Ctlon8 durlng tha year. 12-