The Scottish Bib16 Soclety Scothsh Charity Number.. SC010767 Company Number." SC238687 Trustees, Report and Audited Financial Statements for the year ended 31 December 2025 Trustees, Report and Auditgd Financial Statements for the year 8ndod 31 December 2025 CONTENTS Pagos Reference and Administrative Details Chief Executive's Report Trustees, Report Independent Auditorfs Report to the Membe Statement of Financial Activity'es lin¢orporaling Income and Expenditure Account} Balance Sheet Stslement of Cash Flows Notes lo the Financial Statements 5- 11 12-14 16 17 18-33 Reference and Admlnistrativg Details forthe year ended 31 December 2025 Charity Namg The Scottish Bible Society Honorary Prgsldent The Rt Hon The Lord Mackay of Clashfem Honorary Vlee-Pr95idents The Rt Hon The Earf of Elgin and Kincardine Rev Dr Fergus Macdonald Mr David Laing Mèmbers Mr Mark Adderfey Mrs Kemi Adestsla Mr Alasdair Bennett Rev Marc Bircham Mr Phil Boydell DrAthena Camaghan Archbishop Leo Cushley Mrs Tara Dev5in Mrs Eloho Efemuai Mr Murdo Fraser Rev Rob Fraser-Binns Mrs Karen Gillon Mr Philip Green Mrs Hannah MacGregor Mr Robin Maclellan Miss Moira Mccarrell Very Rev Dr Angus Morrison Ms Adom Otoo Rev Allstair Purss Mr Tim Purves Mr Michael Rtsbinson Very Rev Colin Sinclair Ms Julia Sloan Mr Lawrence Sum Rev Alislair Wilson Trust88S The Rt Hon Lord Arthurson Mr Alan Clark Rev Barry Douglas Mr U¢henna Iloka Mr Gregor Innes Mrs Kirsty Mitchell Ms Gillian Murphy Rev Alan Reid Rev Anne Stewart Mrs Helen While (Chaimanl lappoinled 13 May 2025,. resigned 20 February 20261 (resigned 26 June 2025} lappointed 7 May 20261 Company Sacrètsry Mr Ross McFarlane Management Team Ms Elaine M Duncan (Chief Executive) Ms Fiona McDonald {Director of National Ministriesl Mr Gary Brough (Director of Programmes) Mr Ross M¢Farfane IDire¢tor of Operations) (resigned 31 May 20251 (appointed 14 April 20261 Roglstsred Office. charity number and company number 7 Hampton Terrace, Edinburgh EH12 5XU Telephone.. 0131 337 9701 Website". ￿.scOttIShbibles0clety.0rg Scottish Charity No.. SC010767 Registered a$ a Scottish company No.. SC238687 Referen¢0 and Admlnlstrative Details l¢ontlnuedl for the year ended 31 Decgmb8r 2025 Senlor Statutory Auditor Louise Presslie CA Auditor Whitelaw Wells 9 Ainslie Place, Edinburgh EH3 6AT Bankers The Royal Bank of Scotland plc, PO Box 51, 36 St Andrew Square, Edinburgh EH2 2YB Investment manag&rs Canaccord Genuty UK Wealth Management. 40 Princes Street, Edinburgh, EH2 2BY The Scottish Bible Soclety Chief Executive's Report for the year ended 31 December 2025 ou VAII do mor• than ro$tor• the pooplo of l$rael lo me. I wlll makeyou a Ilghtto the Ggntiles. und you will bring mysalvatlon to the ends of the earth." (Isaiah 49..6 NLT) Jesus sald"I hav? boen glv•n all authority in heaven and on earth. Th•r•lor•. go and make disciples otall nations_ (Motthew 28.'18,19 NLT) Throughout the Bible, we afe reminded again. and again, that God has o deep love for all p8opI8, in all lands both near and lar. God is aagar to drow people closer to Him regordless ol their background or status and asks us, His followers, to take that message of light and hope out to a world thot con often feel dark and downcast. God has invited us to Share the Bible. This message resonated with the National Bible Society of Scotland's Dr Williamson, who in 1874, during a visit to Japan, commant&d, "Thirty millions of the human family, educated and entsrprising. need ond wait for the Word of Life ot the honds of the Church of Christ. So far os Scotland is concernod. ore they to woit in vain?-. Shortly thereafter. the Bibl8 Socigty of Japan was formed. It was a privilege to be in Japon tts hèlp them celebrate their150￿ anniv8r$ory and hear how they have sought to bring'light, to their nation. l olso had the unique opportunity during the y@ar to visit Uzbekistan, speaking at o conf8rencg entitled'Religious tolerance in new Uzbekistan, which wos organised by the Department of Religious Allairs. Th8 Uzb9ki government must imprint every Bible to show it is legitimate or authorised. What on honour to be in a relotwely unknown part of the world, speaking about God's Word ond the welcome to all. We had a special time at our Annual Ggneral Meeting this year, when we ware joined (virtually) by our colleague from The Bible Soclety ot Algeria. Despite many difficulties and restrictions in place within th8 country, we heard stories ol how they ar8 continuing to minister to their communities, coming up with creative ways of sharing the Bible with those eager to engage with the God revealed within its pages. We proy thot God will encourage and energise thè stoff team there. 01 course. many ol our sist8r Blble Societies around the world ar8 ¢urrent5y operating in a context ol conflict and wor, as many as l in 5 at present. We pray thot God would keep our colleagues and their families safe and sustoin them during these hugely uncertain doys. We cannot help but be challengad by their confidence and trust in a God whom they believe is always with tham and has the nations in his hands despite th8 chaos around them. Wa ore humbl8d again by the generosity of our Supporters. Through our appeals we hov8 been able to give significant practical support to tha Bible ministry in China, and to the Bible Societies in Cutsa. Malawi ond Ukraine. Through the gifts received from our supporters, we have again b88n oble to fund various Bible translation projects throughout the world. These are all ways in which we help other Bible Soci&ties share the Bible in their own cont8Xt We are hugely 8ncouroged about our ministry here in Scotland and from research like the'Patmo$ Global Attitudes to the Bible, survey and the 'Quiet Ravival, report which indicate thot thare Is a growing appetite for engaging with God's Word. A magazine-style, easy-to-rgod 'Letters lor Life, (Paul's letters to the Philippians, Epheslans, and Galatians) was produced lor distribution at Magnitude, the SU Scotland youth festival. This resource, aimed at t8gnogers, was given away free, to around 1,500 young people. thanks to a ganerous supporter. Our prayer. as ever, is thot thls resource is read, and God is revealed in a real and tangible way. The Scottish Bible Society Chlef Executive'$ Report for the year ended 31 December 2025 We continu8 to 8njoy our visits around the country spèaking at Church ol Scotland Guild ma8tin9S. We are in our 2nd year ol support from the Guild, who have adopted our'8ibles for Bairns, project as one of their portners over a three-yeor period. When a baby is rggistgred with us (born in Scotland in spacific years) they r8C91V@ a 'Shar8 the Story 8ibl8 on thèir first birthday. For birthdays 2, 3 and 4 they get an age-appropriate gift to help the family continue to engage with the Bible. On theii 5th birthday they will receive o Bible, just os they ore learning to r8ad th8msalv8S. other Bible-basgd resources ond projgets continue to grow and d&velop. We are encouraged by th number of people being trained as Bible-based Trauma Healing facilitators. The benefit ol them using this resource in their own church and community is immeasurable. Equally we give thanks for the number of teachers downloading and using our'must Know Bible Storlos, classroom resources, including those now translated into Gaelic. As ever, we are confronted with vorious challenggs ond possibilitl8s, both at home and abroad. But we press on, seeking God's will and wisdom, as we endeavour to be his faithful servants. Elain8 Duncan Chief Executive 11 Jun8 2026 The Scottish Bible Society Trustees. Report for the year ended 31 December 2025 The Trustees Iwho are also directors of The Scottish Bible Society for the purposes of company lawl have pleasure in presenting their annual report and the audited financial statements of the charity {'charitable company'l for the year ended 31 December 2025. Objectives and activitios ObJe¢tive$ The objectives of the charitable company, as set out in the Articles of A$socialion, are to advance the Christian religion by= MakiiFg the Bible available lo peop18 of every language. class and C￿ed in a language they can understand, in a fomial they can use and at a pnce tlpey can afford, and to encoU￿ge engagement with the Bible for the social and spintual benefrt of allpeople bolh in Scofland and elsewheTr, but with onlysuch note orcommenl as is necessary lo a￿sta￿9&YamentWrth the Bible andto enable effectNe partnership with the Christian chU￿h&s. Co-oper8ting wilh members of United Biblg Societ￿s and o(herowanisalions forthis purpose_ In summary, therefore, the charitable company's mission is lo improve the worfdwide availability and aGcessibility Of the Bible and to promote and facilitate its use. All its aclivrties are intended to ￿sU1t in greater awareness, readership and understanding of the Bible. The Charitable company's strategies for achieving these staled aims and objectives are detailed in the ACtiv￿e$ below. A number of indicators are used to monitor and assess SU￿$$ in the reporting period, from funds raised to support ov&rseas work, the number of speaking engagements fulfilled, the number of digital downloads as compared to the prior year as well as the number of gospels and Bibles distributed. A¢tivities The charitable company's main activities are.. lal promoting Bible awareness and engagement in S¢odand,' and Ibl fundraising to enable Bible-based projects. such as translab.on and distribution, in countries where demand for Bible resources is high bul the abilty to pay is low. The charitable company promotes the Bible in Scouand through speaking engagements, print and electronic commtJni¢ations, and participation in events in partnership wth Church and other organisalions. The charitable company continues to provide access via its websites lo a vast range of Bible resources and gives free advice and assistance to purchasers. Orders for materials are promptly handled by third party distributors. Infomiation on all the charitable Company's projects and events is carried on ils website, in monthly e-newsletters. and in the tihri¢e-yeafly Transfomi magazine, distributed free via post and throughout Scottish chur¢hes. The charitable company mounts a number of appeals each year in support of specific overseas projects (see 'Granlmaking' below). Funds are al$0 raised through the Share-the-Bible Ifomierly known as Bible-8-month) programme, from church collections, from fundraising events organised by volunteers, from trusts and from legacies and lifetime gifts. Overseas projects are carried out on behalf of the charitsble ￿MpallY by local Bible Societies or other partner organis&'ons operating in the relevant overseas locations. Grantmaking The challtable company makes grants lo other Bible Societie5 through the Unrted Bible Societies {UBSI fellowship lo enable Bible based projects to be ¢arried out. These may be selected from a registy of projects pul forward by individual Bible Societies or identified in discussion wlh individual Bible Societies or other partner organisalions. In all cases, the projects are designed to respond to an urgent demand for Bible resources lor the infrastructure to enabl¢ the supply of those resources) in places or cir¢umstan¢es where the beneficiaries are unable lo afford them. The Scottlsh Bible Society Trustees, Report for the year ended 31 December 2025 Objectiv8s and activitigs Icontinuedl Grants may also bg awarded to individuals or groups in Scotland where this wll help the charitable company achieve ils objectives in an efficient and effective manner. All grant applications are submitted in writing and assessed by senior management to ensure that the￿ is likely lo be an appropriate benefit for the nel Cost, and that arrangements are in place to Tnonilor performance under the lems of the grant. Volunteers The charitsble company is fortunate to have the dedicated support of an extensive network of lo¢al supporters, church representatives, ambassadors, and speakers. Vtslunteers and Action Groups assist in many ways with fvndraising, delivery of ch8ritsble objectives. govemance, and administrative SLJPPOrt. Their contribution is invaluable. Achtovemgnts and performan¢9 Charitable activities During 2025, the charitable company worked on a variety of projects and resources in Scotland. This included the production of a ma9azine-style copy of 'Letters for Life, (Ephesians. Philippians, and Colossians), aimed at a youth audience. the promotion of existing resources such as 'The Field Guide to the Bible, and 'Love, Dea and Resurrection,. whilst attending many events, Keswick, Magnitude and Refuel to name bul three. In addition, the 'Bible for Bairns, project continued in eamesl, with babies bom in 2024 ￿CeIVing their first'share the Story, Bible on their first birthday. and those bom in 2023 receiving their activity bts¢ks on their second birthday. The charitable company continued to see a signthcant number of resources interacted with digitally during the year. Over 14,000 resource5 were downloaded or purchased from the charitsble company's website. In addition, the charitsble company's speakers fulfilled a number of speaking engagements by taking part in Church services and other meetings. In addition lo the above, the charitable company. produced several Bible-based publications and resources. Many of these were aimed at inter-generational church audiences and any others forthe classroom through the 'Must Know Bible Stories,. Around 10,000 copies of Easter and Advent readers and gospels were dislribuled. During the year, the charitsble company continued lo coordinate Trauma Healing training courses. This Bible- engagement, facililator-led resource has already been used across various parts of the WOTld to help individuals and communities deal with a number of traumas that they have encountered. The course has been adapted for Scottish context. During 2025, 33 groups ran with 235 attendee5, With 7 initial training Gourses, 2 advan¢ed training Courses and 1 community of practice session being held too. Direct mail appeals were mounted during the year for a variety of projects run by Bible Societies and partners in China, Cuba. Malawi, as well as overseas Bible translation work and ftsr projects here in Scotland, while regular contributions via the Share-the Bible Ifomierfy Bible-a-monthl programme raised further sums for y￿rk overseas, including various translab'on projects. The appeals supported can be summarised as follows.. China Cuba Mala The provision of 'paperf for Bible production. The provision of Bibles, and distribution amongst prisoners. The provision of Bibles and 8ible-based resources. In addition to the above, large fvnds were received from a few donors lo fund Bible transl8kn.on projects. The projects supported can by surnmarised as follow8.' Congo Kyrgyzstan United Bible Societies T$aangi New Testament translation. as well as a si9n language translation. Old Testsment Iran$lalion in Kyrgyz. Various global translation projects. The Scottish Blble Soci•ty Trustees, Report for the year ended 310ecernber 2025 A¢hlev•ments and performance Icontinu8d} Fundraising activities The Charitable ctsmpany's funding for its day-to-day operations comes mainly from a dedicated core of indwidual donors, churches, and volunteer Action GroLJPS, conlribuling regular gifts. one-off donations, and legacies. Grants to overseas Bible Societies were mainly funded by direct mail appeals, the Share-Ihe-Bible programme and community events. Throughout the year significant work was carried out on the way in which donations are recorded. to allow for better commiJni¢ation wrth supporters as well as improved reporting on all donations. Continued focus was pul on researching and building relalionshipswith majordonors and key partners. The fundraising objectives remain Consistent with prior years. The'Finan¢ial Reweyl details the financial perfomiance of the fvndraising team. The charitable company's Community Partnership Manager is helping the charity to benefitfrom closer contacts th churches and volunteer groups. The Community Partnership Manager has been supporting and providing more fundraising tools for the volunteer groups lo use going forward in future years. Inve$tmentperfomianGe During the yearthe value ofthe ¢harilable company's investsnent portfollo, exduding wlhdrawals. increased by £70.133. The totsl relum on investments (income and capital appre¢ialionl during 2025 was 14.19 / 12024," 7.38%}, just ahead of the peer group average perfomiance of 11.490h 12024", 8.83°k}. The benchmark for 2025, ag wlh previous years, was based on a combination of indices ￿flecting the asset allocation of the portfolio. The trustees continue to keep the investment objectives and the perfoman¢e of the investment managers under review. Financial reviaw Despite the continuing uncertainty 8round the 'cost of living, crisis and ongoing Conflict in many parts of the worfd, donation income remained high in 2025 at £924.360, as against £832,215 in 2024 lan increase of 110kl. In 2025 legacy income increased by Circa £58,000 on the 2024 figure, to a total legacy income figure of £613,595. The Board continues to budget for only £100,000 of legacy income each year to ensure that no legacy income is '8penl' before it is received. Donors were given the option lo allocate their appeal responses lo more general purposes rather than the specific projects COVe￿d by the appeal. On average 22% of appeal donors took this opb'on, and in 2025 general income was 62.70kn of total income compared lo 54.6% in 2024. The investment portfolio finished the year with a revaluation increase of £68,857 (other investments increased in value by £1,276). There were no Capital additions or withdrawals during the year. The trustees were satisfied that the portfolio perfomied favorably when compared against ben¢hmark indiealots. ReseNos policy & Golng Con¢em Total reserves at 31 December 2025 were as follows- Unrestricted General Designated Capitsl Provision 135,716 2.349,084 498.113 1,986,687 485,597 Restrlctsd TOTAL 2.472 284 The Scottish Bible Society Trustees, Report for the year ended 31 December 2025 Financial review Icontinuedl It has been the policy of the charitable company to maintain unrestricted funds at a level whereby the free reserves of the charity are maintained at a figure equivalent lo at least three lo six rnonlhs of the resources expended,. some £240,000 10 £480,000 when project and UBS expenses are removed. The Iruslees consider that thi5 level of reserves is appropriate lo ensure the on-going work of the charity in the event of a significant duction in support. Designated funds include the Capital Fund which encompasses fixed assets and investments held for long- temi capital appreciation. It is not applied for the purposes of revenue expenditure vAlhout Board authorisation. The Capital Fund is therefore excluded from the free reseNes' Calculation. Al 31 December 2025 the charity's general reseNes stood at £135,716. To address this, a 'general' appeal for Scottish prtsjecls wll be launched again in 2026. In addition, the Board S￿ aware that investments may need lo be realised to ensu￿ that adequate funding is in place al the appropriate lime. Invèstmentpolley The ¢haritsble Company had investment funds under management of £677,836 at 31 DeCeM￿r 2025 (£666,121 investment funds and £11,715 ¢ashl. In addition, the charitable company holds other shares. not under management, of £9,174. In total. investments, including cash, amounted lo £687,010 at 31 DfjceM￿r 2025. The purpose of these fijnds is (al to provide a resource for future investment in capital intensive projects, such as the building project in 2019, or to allow advantage to be taken of special opportunkties for Bible advocacy work and Ibl to generate incorne and gains that ¢an be spent on ¢haritable obje¢ts've$. The charitsble ￿MpanY holds separate cash reserves to cover any short-to-medium-temi liquidity requirements. In relation to ils investment funds, the charitable company therefore applies a long-term investment objective, at least eight years, and aims to maximise total return from the portrolio within the constraints of a medium risk investment profjle. The charitable company's external investment managers, Canaccord Genuity UK, briefed the Board on the risk profiles of different a5sel allocations. The investment policy is reviewed periodically. It is the charitable company's policy specifically to exclude investments in companies whose principal business is in the alcohol, tobacco, gambling and weapons industries. The objectives going fotward remain consistent th those of 2024. The fair value of the investments has continued to remain volatile post year end as the markets respond lo the cosl-of-living crisis and various conflicts around the worfd. Risk managèment The Injslees have examined the major strategic, busin&ss and operational risks which the charity faces and confim that systems have been estsblished to monilc)r and control these risks, and identify any new risks. to miligale any impact that they may have on the operations of the charity. The ￿ most significant risks are as follows., Fundraislng envlronment. 2. Adverse publicity. In tems of the fundraising environment, chur¢h attendance al present in Scotland is in decline while Tnany donors and trusts understandably have a current preference for funding specific projects rather than general nds. To mitigate these risks the charitable company is working to a fundraising strategy to expand the donor base and exposure to a greater variety of trusts thus mitigating the exposure to the risk. In tems of adverse publicity, the grctrwth of interaction with social media means that the risk to the reputation of the charitsble Company 1$ increased. To mitigate these risks the charitable company is working on a crisis management plan, following some external training, and new communication protocols. The Scottish Blble Society Trustoes, Rgport for the year ended 31 December 2025 Plans for futuro pgrtods The charitable Company remains focused on fulfilling ils mission and purpose. The charitable company remains wmmitted lo eible advocacy work in Scotland - promoting the value and relevance of the Bible in today's culture- and to working wth all Scottish church denominations to achieve thi$. During 2026 the charitable Company wll be actively involved in a variety of mission opportunities, primarily focused on gospel distribution through the charitable ￿mpanY'S gospel resources.. Mark, as well as a Luke and Acts publication. The charitable company's work in extending Bible 5iteracy among the Christian community will continue, where possible, wlh the promotion and the production of new Bible engagement resources. This includes the promotion and engagement material for older governance and management Charitystructure andmembership The charity is a company, incorporated in Scotland, limtied by guarantee, govemed by Companies, Acts and its Memorandum and Articles ofAssociation. There are currenuy 25 members oflhe Charitable Company who have guaranteed the debts Of the charity in the event of a wnding-up. to the extent of £1 each. The members are required on their appointment to signify their commitment to the Christian faith and to the objects of the charity. They a￿ appointed by the charitable company in a 'general' rneeling to refie¢t a balance in terms of gender, geographical location, background and e¢clesia5tical Iradilion. The Members meet at least once per annum for the approval of the annual financial statements and the election of tnjstees. The charitable company owns a subsidiary Company SBS Publishing (nl.'sportl Limited. This company, which was incorporated in Scouand, is domiant. Govemance The management of the charitable company is the responsibility of the Board of Directors, appointed by the members under the lernis ofthe Cornpanies Act and the Company's Articles ofAssociation. The Directors are therefo￿ the 'Charrty Trustees. as defined in Scottish charities legislatiot). Trustees hold office from year lo year and ¢an remain in office for a maximum period of len years. The minimum number of trustees is fve and the maximum thlve. The names of the Iruslees at the dale of approval are contsined in this report. Potential new trustees are identified by the Board in wnsullation with senior staff and members. A balance of skills and experience is sought alongside a ￿qu1￿ment forwholehearted commitment to the Christian faith and to the ethos, mission and aims of the charitable company. Each newtrustee is given an induction tailored to his or her needs and provided with access to material ielevanl to the work of the ¢harity and the responsibilities of trustees. A budget is available for training and relevant courses are ¢irculated to Board members. The charitable company subscribes to the bi-monthly magazlne Govemance- which deal$ solely wth charity govemance issues- providing a copy foT each Board membor. In addition, during 2025. certain Board rnembers attended fv40, 2-day èxtèmal govemance training workshops aimed specifically al Christian charities. The'leamings, from the coutse were shared with the Board as a whole. A further workshop is planned in 2026. The Scottish Bible Society Trustees, Report for the year ended 31 D¢¢embor 2025 Structuro, governan¢& and management Icontinuedl The Board has appointed tsvo committees lo review matters on their behalf and report back to it. The Finance Committee meets al least three times a year to consider the annual financial bijdgel, the annual risk ￿VIeW and the annual financial slalemenls. 11 also a¢ts as an audit committee in providing a forum in which the auditors may meelwlh Board represenlalives. The Staffing Committee meets at least once a yearto ¢onsiderthe annual salary review, and at other limes as necessary to deal Mrith any special staff issues. Management The Btsard has delegated lo the Chief Executs've the task of managing the affairs tsf the Charitable Company on a day-to-day basis, within the policy and budgetary constraints set by the Board, so as to a¢hieve the charitsble company's objectives in the most efficient and effective manner. The work of the charitable company is broadly diwded into four departments, overseen by two Directors. The Director of Programmes prowdes support and Bible resources for Scottish churches and other Christian organisalions and is respc>nsible for all our Bible engagement and advocacy projects in Scouand. In addition. the Director of Programmes helps engage supporters in the charitable company's vision and mission. including its work overseas, encouTaging them lo partner wth us. The Director of Operations is responsible for engaging supporters, cuslorners, the general public and the media in the charitable company's vision and mission. The Director of Operations is also responsible for all aspects of technical, financial and administrative support and for oplimising the commercial possibilities of the charitable company's assets and other resources. The Board meets the Chief Executive and 2 D1￿ctorS (key management personnel) quarterfy to monitor the ¢haritsble ¢ompany's performance. Perfomiance is measured in a variety of ways including finance and engagement through digital platforms and 8peaker visits. Salary leve15 for key management personnel are sel by the Staffing Committee. UBS GlobalMissiTon Team The charitable company is a founding member of the United Bible Societies IUBSI. The UBS comprises over 150 Bible Societies or Offices al work in over 240 countries and territories worfdwde, Iranslaling, publishing and distributing the Bible. Support for overseas Scripture Projects is channeled via UBS, whose staff help to ensure that the projects are carried out. Any enquiries relating to the work of the UBS should be addressed to the Secretary General, United Bible Societies. Stonehill Green, Wesuea. Swindon. SNS 7DG. Reference and admlnistrativo details Detsils of the charitable company's current trustees. officers and advisers. together wth contact details. company and charity numbers are detailed at the front of this report and financial statsments. During the year. the followng changes in directors and officers occurred., Trustag$ Mrs Kirsty Mitchell Rev Barry Douglas resigned 25 June 2025 Rev Bary Oouglas appointed 13 May 2025 resigned 20 Fobruary 2026 Ms Gillian Murphy appointed 7 May 2026 Tru$to0$' Rg$pon$lbllltlo$ In r•s￿¢t of th• Flnan¢lal Ststsm•nts The trustees are responsiblefor P￿paring the Twstee$' Report and the financial stslements in aC￿r￿anCe ￿th applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare ffnancial stolemenls for each financial year which give a true and fair view of the stale of affairs of the charitable company and of the income and expenditure of the charity for the perlod. 10 The Scottish Bible Society Trustees, Report for the year ended 31 December 202S Trustses. Responsibilities In respect of the Financial Statements Icontinugd) In preparing those financial stslements. the trustees are required to= select suitable accounting policies and then apply them consislenly. observe the methods and principles in the Charities SORP. make judgements and estimates that art reasonable and prudent. slate whether applicable UK Accounting Standards have been followe¢J, subject to any material departures disc105ed and explained in the financial statements,. and prepare the financial statements on the going cgncern basis unless it is inappropriate to presume that the charitable company will continue in business. The Iruslees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose wth reasonable accuracy at any lime the financial posity'on of the charitable company and enable them lo ensu￿ that the financial statements comply with the Companies Act 2006 las amended), tho Charities and Trustee Investment {Scotlandl Act 2005 and Regulation 8 of the Charities A¢¢ounts {Scotlandl Regulations 2006. They a￿ also responsible for safeguarding the assets of the charitable company and hence for takn'ng reasonable steps for the Prevention and detection of fraud and other irregularities. statsment of disclosure of Infomiatlon to tho auditor In so far as the trustee3 are aware-. there is no relevant information of which the charitsble company'5 auditor is unaware, and the trustees have taken all the steps they ought to have taken to make themselves aware of any relevant audit infomiatson, and lo establish that the auditor is aware of the information. Auditors Whitelaw Wells have expressed their willingness lo continue in office as auditor and wll be proposed for re- appointment at the Annual General Meeting. The above Teport has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. Conclusion Thanks to the generous and loyal support of Individuals, churches, and organisalions. the charitsble company conts.nues lo grow and flourish. As ever, we are both encouraged and hurnbled at the support given a5 this generosity has enabled us to respond to Bible needs both al home and abroad. Although we continue lo live in uncertain tirnes, we look forward lo all that 2026 brings. We are ex¢iled to see lives transformed as individuals and communities open up and engage with God's Word. We express our sincere thanks to the Chief Executive and her team for the dedi¢aled way in which they undertake the fulfilling of our mission. BY ORDER OF THE BOARD Paul Arthurson Chairman 11 June 2026 11 Independent Auditorfs Report to the Members and Trustees of The Scottlsh Bible Socigty for tho y•ar ended 31 Decembgr 2025 Oplnion We have audited the accounts of The Scottish Bible Society for the year ended 31 December 2025, which comprise the Stslemenl of Financial Activities (incorporating the Income and Expenditure Account). the Balance Sheet, the Statement of Cash Flows and notes to the financial slalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Account'ng Generally Accepted Accounting Practice}. In our opinion the financial statements.. give a true and fair view of the slate of the charitable company's affairs as at 31 December 2025 and of ils income and expenditure for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice". and have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scollandl Ad 2005 and regulation 8 of the Charities Accounts {Scollandl Regulation5 2006 las amended). Bas1$ for oplnlon We conducted our audit in accordance wth Inlemalional Standards on Auditing IUKI IISAS UK) and applicable law. Our responsibilities under those standards are further described in the AuditDrs' responsibilities for the audit of the financial staternenls section of our report. We are independent of the charity in accoTdance wth the elhi¢al requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled OUT ethi¢al responsibilities in accordance with these ￿quIrements. We believe that the audit evidence we have tsbtained is Sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to going concem In auditing the financial ststemenls, we have concluded that the trustees, (who are also the directors of the ompany for company law purposes) use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the company's ability lo continue as a going ¢oncem for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees respect to going concern are described in the relevant sections of this report. Othgr inforniation The other information comprises the infomialion in the annual report, other than the financi81 statements and our auditor's report Ihereon. The trustees are responsible for the other infomiation contained within the annual ieport. Our opinion on the financial statements does not ￿Ver the other information and, except to the exienl otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our responsibility to is lo ￿¥d the other infomation and, in doing so, consider whether the other infomiation is materially in¢onsi$lenl with the financial statements, c*r our knowledge obtsined in the audit, or otherwise appears lo be materially misstated. If we identify such material inconsislen¢ies or apparent material rnisslatements, we are required to detemine whether there is a material misstatement in the finan¢ial statements themselves. If. based on the work we have perfomed, we Condude that there is a material misslalemenl of this other information, we are required lo report that fact. We have nothing to ￿port In this regard. 12 Independent Auditorfs Report lo the Members and Tru$tegs of The Scottish Bible Soclety for the year ended 31 Dgcember 2025 Opinlons on mattery prescribed by the Companias Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the directors, report, prepared for the purposes of company law and included in the report of the trustees, for the financial year for which the financia5 statements are prepared 1$ consislenl with the financial slalements,. and the directors, report, included with the ieport of the trustees, has been prepared in accordance with applicable legal requirements. Matters on which wo are r&quired to roport by exception In light of the kno￿edge and understsnding of the charitable company and ils environment obtained in the course of the audit, we have not idented material misstatements in the directors, report, included in the report of the trustee$. We have nothing lo report in respect of the following matters in relation to which the Companies Act 2008, Charities and Trustees Investment IScoUandl A¢t 2005 and the Charities Accounts {Scodandl Regulatsons 2006 las amended) requires us to report to you if, in our opinion.. adequate and proper accounting records have not been kept., or The financial ststemenls are not in agreement with the accounting rectsrd3- or Certain disclosures of Iruslees, renumeration specified by law are not made,. or we have not received all the information and explanations we require for our audf(,' or the trustees were not entitled to prepare the financial statements in accordance with the small cornpanies. regime and take advantsge of the small companies, exemptions in preparing the directors, report, in¢luded wthin report of the trustees, and from the requlrement to prepare a strategic report. Ro$pon$ibilities of trust89$ As explained more fully in the trustees, responsibilities ststemenl sel out on page 10. the Iruslees (who are also the directors of the charitable company for the purpose3 of Company lawl are responsible for the preparation of the financial statements and for being sats'sfied that they give a true and fairvlew, and for such inlemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the finan¢ial slalemenls, the Iruslees are responsible for assessing the Charity's ability lo continue as a going concern, disclosing, as applicable, matters ￿lated lo going Concern and using the going con¢em basis of accounting unless the trustees either intend to liquidate the charity or to ¢ea$e operations, or have no realistic alternative bul to do so. Audltofs responslbilities for the audit of tho flnancial ststsments We have been appointed as auditor under section 441111¢) ofthe Charities and Trustee Investment IScoUand} Act 2005 and under the Companie5 Act 2006 and report in accordance the Acts and relevant regulations made or having effect thereLJnder. Our objectives are to obtsin reasonable assurance about whether the financial stslement5 as a whole are free from material misstatement, whether due to fraud or error, and lo issue an auditor's ￿port that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan¢e wth ISAS IUKI will always detect a material mi$stalement when it exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stalemenls. The exten* to which our procedures are capable of detecting irregularities, induding fraud is detailed below.. Irrè9ularilies that r•sult from fraud are inherently more difficult tcs detect than irregularities that result from error. 13 Independgnt Auditof $ Report to the Members and Trustees of The Scottish Bible Soclety for the year ended 31 Docember 2025 From enquirie$ of those charged wth govemance, it was detemiined that the risk of material misstatement trom fraud was low ¥Mth little scope for fraud to occur. Our audit testing is designed to detect materia5 misstatements from fraud where there is not high-level collusion. Our audit testing was designed to detect material mis$talements from other irregularities that result from error where there is not high-level concealment of the error. In this regard the following audit work was undertaken: applicable laws and regulations were considered, reviewed and discussed with management,. senior anagement meeting minutes were reviewed,. internal controls were reviewed., and joumals were reviewed. From thi5 audit testing il was determined that the risk of material mi$stalemenl in this regard was low. We perfomied income and expenditure testing which was deslgned to identify any irregularities as a result of mistakes or human error. From thi$ audit testing it was detemiined that the risk of material mi55tatemenl in this regard was low. A further description of our responsibilities forthe audit of the financial statements is located on the Flnancial Reporting Council's website at.. .frc.or .uklauditorsre$ This description fom)s part of our audilorfs report. Uso of our report This report is made solely to the Charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and the trustees, as a body, in accordance with section 4411llcl of the Charities and Trustee Investment {Scotlandl Act 2005, regulation 10 of the Charities Accounts (Scollandl Regulations 2006 {as amended). Our audit work has been undertaken so that we might state to the charity's members those matters we are required lo slate lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or as$ume responsibility to anyone other than the charity and the charity's member5 as a body. for our audit work, for this report. or for the opinions we have fomied. Loulse Pr&s$llg CA Senior Ststutory Audltor for and on bèhalf of Whitèlaw Wells, Statutory Auditor Whitelaw Wells Is ellgible to act as an auditor in terms of Se¢tlon 1212 of tho Companies Act 2006 9 Ain$lie Plac¥ Edinburyh EH3 6AT I l June 2026 14 ¢• f4 T tt) ¢0 ¢D (D o 4) 0￿￿ ¢0 rri ¢¢$ zz ztt Thg Scottish Blble Society Balancg Sheet as at 31 December 2025 Notes 2025 2024 FIXED ASSETS Tangible assets Investrnents 12 13 1,662.074 687,010 1,715,707 616,877 TOTAL FIXED ASSErs 2.349,084 2,332,$84 CURRENT ASSErs Slo¢k Debtors.. within 1 year Debtors.. ¢)vor 1 year Cash at bank and in hand 14 15 15 58,910 202,238 66,071 4e9,571 lo0,0￿) 204,1 4￿2,439 TOTAL CURRENT ASSETS 663,587 859,838 UABILtTIES Credrtors". Amounts falling due within onè year 17 142.2741 147,837) NET CURRENT ASSETS 621,313 812,001 Provisions for liabil￿e$ 18 1498,113) 1501.09)) TOTAL NET ASSETS 2.472,284 2,643,495 The fvnds of the th8rity'. Unrestricted funds Restri¢aed funds 22 23 1,986.687 485.597 1,978,218 665,277 TOTAL CHARITY FUNDS 2.472,284 2,843,495 These finanaal slaternenls have been prepared in accordance with the spèuAI provisions relating to small companies within Part 15ofthe CompaniesAct2006 and with the Financial Reporting Standard applicable in the UK and Republic of Ir8land IFRS 1021. The financjal staternents were approved and authorised for issue by Ihe Tn5Stees on 11 June 2026 and signed on thei< behaw by.. .P8uI Arthurson. Chaimian Registered company fiUm￿r SC238e87 The notes on page8 17 to 32 fom part of these finanThal statements. 16 The Scottish Bible Society statement of Cash Flows For the year ended 31 December 2025 2025 2024 CASH FLOWS FROM OPERATING ACTIWTIES.. NET CASH PROMDEDIIUSEDI BY OPERATING ACTIVITIES: 183,329 1272,6551 CASH FLOWS FROM INVESTING ACTIVITIES: Investment incomo Purchase of kngible fixed assets Proceeds from sale offjxed assetsfinvestments Purchase of investments Decrease in cash reserv&s invests 26,145 111,2311 33,106 110,2681 4S2,292 {66.737) 13.483 NET CASH PROVIDED BY INVESTING ACTIVITIES 14,9q4 421,788 CHANGE IN CASH AND CASH EQUIVALENTS IN THE REPORTING PERIOD 198,243 149,131 CASH AT THE BEGINNING OFTHE REPORTING PERIOD 204.198 55.065 CASH ATTHE END OFTHE REPORnNG PERIOD 402,439 204,196 RECONCILIATION OF NET {EXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 202S 2024 Net lexpendilurel foi the year Adjuslmenls for Depreciation charges Loss on fixed asset disposals IGainlllo$$ on investrnents Investment income Decrease in stock Decrease in debtors (Decreaseifincrease in Creditors IDecrease)fincrea$e in provisions 1171,2111 1384,5101 64,115 749 (70,1331 126,1451 7,161 387,333 15,5631 {2,977) 82,814 {36,6271 {33.0181 4,879 7e,714 3,402 31,689 Net cash provided byllused Inl operating activitios 183,329 1272.655) The notes on t>aga$ 17 to 33 fom part ofthese ffinanrial ststements. 17 The Scottish Bible Society Notes to the Flnan¢lal Ststements for the ygar ended 31 December 2025 GENERAL INFORMATION These financial statements are presented in pounds slerting IGBPI as that is the currency in which the charity's transactions are denominated. They Comprise the financial statements of The Scottish Bible Society. The principal a￿￿ty of The Scottish Bible Society is to improve the worfdwde availability and accessibility of the Bible and to promote and facilitate ils use. All its activities are intended lo resur( in greater awareness, readership and understanding of the Bible. The Scottish Bible Society is a charitable company limfced by guarantee incorporated in the United Kingdom and registered in S¢oland. It is recognised as a charity for lax purposes by HMRC and is registered ¥Mlh the Office of the Scottish Charity Regulator {OSCRI under charity number SC010767. In the event of the winding up of the charity, a member 15 liable lo contiibule a sum not exceeding £1. Details of the registered office and company registration number can be found on page l of these finanaal statements. ACCOUNTING POUCIES Basis of preparation The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance United Kingdom Accounting Standards, including Financial Reporting Standard 102, 'The Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland, l°FRS 102,} IUnf£ed Kingdom Generally Accepted Accounting Practice), the Statement of Recommended Practi¢e ISORPI 'Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021,, the Companies Act 2006, the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006 las amended). The Scottish Bible Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initi'ally re¢ognised at historical Cost unle$s otherwse stated in the relevant accounting policy. The preparalion of financial statements requires the use of certain critical acco¢Jnling estimates. It also requires tru51ees to exercise theirjudgement in the process of applying the accounting policies. Use of available infomation and application ofjudgement are inherent in the forTnation of eslimale5. Actual oulctsmes in the future could differ from such estimates. Areas involving a higher degree ofjudgemenl or complexity, or areas where as$umplions and estimates are significant to the financial statements are dis¢losed in section pl of note 2. The principal ac¢ounling policies applied in the preparation of these flnancial statements are noted below. These policies have been applied consistently to all the years presented in dealing wlh items which are c0nslde￿d matedal in relation to the charitsble company's financial statements unless olherwse Stated. b} Going concern The trustees are of the opinion that the charitsble company ¢an Continue to meet its obligations as they fall due for the fortr$eeable future. The charitable company has a healthy cash and investment position to support any continuing expenditure. As a conseqLJence, the trustee$ have prepared the financial statements on Ihe going concem basis. Recognition and allocation of income Income 15 recognised when the ch8ri1able company has legal entiuement to the funds. the receipt is probable, and the amount can be measured reli8bly. Where there are perfomiance conditions attached to any grants and donations. income is recognised when the conditions have been met or when meeting the conditions are wthin the charity's Control and there is sufficient evidence that they have been met or wll be met. 18 The S¢ottish Bible Society Notes to the Financial Statements for the yoar endgd 31 Decomber 2025 ACCOUNTING POLICIES Icontinuedl Where a grant condition allows forlhe recovery of any unexpended grant. a liability is recognised when repayment becomes probable. Where there are lerrns placed on income that limit the charity's discretion over how that income can be used, that income is shown as restricted income in the accounts. Gift aid is treated as part of the ￿lated grft unless the donorortem)s of appèal have specified otherwise and is credited when receivable. Entidemenl lo legacy income exists when the charitable company has sufficient evidence that a gift has been left, the executor is satisfied that the gift will not be required to satisfy claims on the estate and any condition$ are wlhin the control of the charity or have been mel. whe￿ legacies have been notified to the charity and the criteria for income recognition haven't been met, the legacy is treated as a contingent asset and disclosed if material. Legacy income is measured at fair value, generally the cash amount receivable. Interest receivable is ￿COgnised using the effective interest rale applicable lo the asset and dividend income is recognised when the right lo receipt is estsblished and is measured al fair value, generally the transaction value. d} Recognition and allocation of expenditure Expenditure is recognised when the ¢haritsble company has entered into a legal or constructive obligation. Vvhere possible. expendi(ure is attributed direcfjy to the ftjnction to which rt relates. The allocation of support costs is shown in Note 8. Costs of generating fijnds comprises those costs which are associated ￿th the generation of in¢ome from sources other than from undertakn'ng charitable a¢tivilies, and ineludes fvndraising, trading and investment management costs. Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its charitable activities and services. Govemance costs include those co$1$ agstscialed with meeting the constitutional and statutory requirements of the charity and include costs linked to the strategic management of the ¢harity. Funds Reslricled funds are those which have been given to the charitable company for use in a¢¢ordance th the wshes of the donor, commonly where donations a￿ received for the purchase of a specffic fixed asset or when fjjnds have been raised for a particular restricted purpose. Unrestricted funds are available for use at the discretion of the trustees. In order to ensure that funds are available for specific projects, certain funds are sel aside and designated by the trustees into separate funds. Fixed assets Tangible fixed as$ets a￿ stsled al cost legs accumulated depreciation and impairnient losses. Depreciation is provided on all tangible fixed assets al a rate calculated to write off the c05Vvaluation on a straight-line basis, less e5ts"maled residual value of each asset over its expe¢led useful life as follows.. Buildings Fixtu￿5, fittings and equipment Computer equipment Motor vehicle$ 50 years 410 10 years 3 10 5 years 3 to 4 years 19 The Scottish Bible Society Notes to the Flnanclal Statements for the year ended 31 De¢ember 2025 ACCOUNTING POLICIES lcontinuèdl Investments gl Quoted investments a￿ slated al fair value al the reporbng date. Gains and losses arising on revaluation are recognised in the Statement of Financial Activities (incorporating the Income and Expenditure Account) in the period in which they arise. h) Sto¢k Stock is shown at the lower of cost and net realisable value. Pensions Contributions are charged to the Statement of Financial Activities lincorporating the Income & Expenditure AG¢ounll as they become payable and are all on a defined contribution basis and paid to a pension fund of each employee's ehoice. The pension scheme is Auto*nrolment compliant. Taxation No tsxalion is provided for as all the income of the charitable company's activities falls within the exemptions of sèction5 466 to 493 of the Corporation Tax Act 2010 ICTA 2010}. k} VAT The charitable company is registered for VAT. Asthe charitable Company has partial exemption status. any irrecoverable VAT is charged to the expense code to which il relates lo. Financial assets and financial liabilities The ¢harilable Company has finan¢ial assets and liabilities of basic forms, and these are included initially in the accounts at transactional value {i.e., ¢osl}. At the end of the reporting period, basic financial instnjments are measured at amortised cost using the effective interest rate. Investments in Shares which can be publicly traded have been measured at fair value using market value. (Financial instruments are classified as eilher'basic, or'otherf in accordance with Chapter 11 of FRS102.1 Cash and cash equivalents Cash and cash equivalents con31sI of cash on hand and balances wth banks and are measured atfair value. Debtors Trade debtors are amounts due from customers for sales of books and resources or o¢casionally services performed. Trade debtors are re¢ognised al the undi$¢ounled amount of cash receivable, which is nomially invoice price, less any allowances for doubtful debts. Creditors Trade creditors are obligations to pay for goods or $ervices that have been a￿U1red. They are recognised at the undiscounted amount owed to the supplier, which is nomially the invoice price. pl Criti'cal judgements and eS￿MateS The estirnates and assumptions with a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities vthin the next financial year are.. Legacy income is measured at fair value, but where part of a legacy left to the charitsble company includes property or shares to be sold, judgement is used lo estimate the amount receivable. Depreciation charges are calculated using the estimated residual value of each asset over anticipated useful life. UBS provisions are based upon prior years, ability to raise fijnds for the specific counlrieslprojects being supported in the upcoming financial year. 20 The S¢ottl$h Bible Society NotOS to the Financial Statements for the year endgd 31 December 2025 NET INCOME FOR THE YEAR This 1$ stated aftgr ¢harglng: 2025 2024 Auditor's remuneration Depreciation Operating lease costs 14,310 64,862 949 14,265 62,813 588 INCOME {a} Donations and 1gga¢les Unrestrictsd Funds General Dasignatsd Restricted Funds TOTAL 2025 TOTAL 2024 Donations Legacies 580,200 613,595 344,160 924,360 613,595 832,215 555,601 1,193,795 344.160 1,537,955 1.387.816 Donations and1gga¢l•s- prior year Unro$trlcted Fund5 Ganeral Designatod Restrlctod Fund$ TOTAL 2024 TOTAL 2023 Donations Legacies 454,385 555,601 377,830 832.215 555,601 914.113 432.533 1,009,986 377,830 1.387.816 1.346,646 Ibl Charitabl• a¢Uvltl•s Unro$tricted Unrastrl¢tsd Funds Fund$ 2025 2024 Sale of Bible resources Other fees 6,094 14,569 6.094 14,569 1¢) Other income Unrg$tricted Unrestricted Funds Funds 2025 2024 Rental in¢orne of surplus propety 23,833 18,267 23,833 18,267 21 The Scottish Bible Society Notes to the Flnanclal Statemgnts for the year ended 31 December 2025 RAISING FUNDS Unro$trl¢tsd Funds General De$lgnatgd Restricted Funds TOTAL 2025 TOTAL 2024 Stsff ￿$ts Costs of appeals Investment management Support costs {note 81 152,193 67.216 3.999 100.610 21,825 48,205 174,018 115,421 3,999 100,610 157,e27 111,085 4,882 97,743 324,018 70,030 394,048 371,337 RAISING FUNDS- prior year Unrestricted Funds General Designated Restricted Fund5 TOTAL 2024 TOTAL 2023 Staff costs Costs of appeals Investment management Support costs (note 8) 141,012 56,488 4,882 97,743 16,615 54,597 157,627 111,085 4,882 97,743 126,708 106,817 13,446 75,029 300.125 71,212 371.337 322.000 CHARITABLE ACTIVITIES Unr•$trlctsd Funds Gen•ral D&signatsd Restricted Funds TOTAL 2025 TOTAL 2024 National Ministries (note lall Intemalional Projects {notÈ Ibl) Infomialion {note {¢ll 396,220 233,605 424,059 31,910 355,529 428,130 589,134 424,059 475.384 622,691 405.393 1,OS3,884 387,439 1.441.323 1,$03,468 CHARITABLE ACTIVITIES~ prior year Unrtrstrictsd Fund$ General Designated R¢$trlctsd Funds TOTAL 2024 TOTAL 2023 National Ministries (note (all International Projects (note Ib}I Information Inole Icll 419,184 286.627 405.393 56.200 336,064 475.384 622,691 405,393 532,678 534,038 330,021 1,111,204 392.264 1.503,468 1,396,737 The Scottish Bible Society Notss to the Financial Statem¢nts forthe year gnded 31 December 2025 CHARITABLE ACTIVITIES l¢ontlnued} National Mini$trl¢s The cost of promoting the distribution and u$e of the Scdptures in Scodand. TOTAL 2025 TOTAL 2024 General D8signatsd R•$trictsd Cost of providing Bible & resource$ All-age resources Other Ministries Support co$ls (note 81 68,148 70,090 186.121 91,861 8,365 17,045 8,500 74,513 87.135 174,621 91,861 103,259 73,073 197,172 101,880 TOTAL 396.220 31,910 428,130 475,384 Natlonal Ministries- prior year TOTAL 2024 TOTAL 2023 Gèneral Dosignatsd Restricted Cost of providing Bible & resources All-age resources Other Ministries Support costs Inole 81 74,645 47,582 195,078 101.880 28,614 25,491 2,094 103,259 73,073 197,172 101,880 83.233 87,258 241,940 120,247 TOTAL 419,185 56,200 475.384 532,678 Ibl Intemational Projects The amounts spent on overseas translation, production and distribution projects. and other costs associated wlh the charitable company's support of the work of the United Bible Societies IUBSI were as follows.. TOTAL 2025 TOTAL 2024 Gonoral Designatad Restrlcted Project grants Inote 71 Direct costs Support ¢osls Inole 81 147,759 39,655 48,191 355,529 501,288 39,655 48,191 524,818 44.204 53.669 TOTAL 235.605 355,529 591,134 622.691 Interrtational Projects- prlor yèar TOTAL 2024 TOTAL 2023 Gonaral Designated Restri¢tsd Project grants (note 71 Direct costs Support costs (note 81 188,754 44.204 53.669 336,064 524,818 44.204 53.669 465,640 26,493 38,905 TOTAL 286,627 336.064 622,691 534.038 23 Tho Scottlsh Blble Society Notes to the Financial Statements for the year onded 31 D•¢ember 2025 CHARITABLE ACTIVITIES Icontlnuad) Ic} Infom)ation Infomation represents the cost of infomiing the Christian public of our activities, primarily 50 that we might harness the power of their prayers for all the work we do.11 also includes the cost of generally educating the Scottish public about the Bible., its nature, its contents, its place in our culture. ils history, its contemporary rèlevance, ils ￿liability and power. Unrestricted Funds 2025 Unrestrlct&d Funds 2024 staff cost5 Direct costs 206,464 95.570 122,025 194,903 90,115 120,375 Support c¢sts (note 81 TOTAL 424,059 405.393 24 The Scottish Bible Soclety Notes to the Financial Statements for tho year ended 31 December 2025 GRANTS PAYABLE The ¢haritable company's overseas work is largely carried outthrough the United Bible Stscielies fellowship IU8S). Each year UBS seeks lo match funding from those SocAeties that can raise funds with the financial needs of those Societie5 that cannot raise enough. In 2025, the charitable company raised ￿ndS through appeals for projects, most notably in China, Cuba, and Malawi. There were also general appeals launched to raise funds for ongoing Bible-based work in other countries. Additionally, funds were received for overseas Bible translation worl( through an initiative called IllumiNalions. The charitable company's inlenb.on for 2026 is to raise fvnding which will be used to support projects in Cambodia. Dominican Republic, and Peru as well as continuing to provide valuable funding for ongoing Bible distribution and translation work. Unrestrlcted Rè8trictsd Funds Fund$ TOTAL 2025 TOTAL 2024 World grants pald In y•ar: China BS Cuba 51,620 22,252 51,e20 22.252 BS Guatemala BS Kenya BS Malawi BS Uganda BS Ukraine 28.999 18,000 28,999 6,400 43,052 230,208 49,750 82,050 9,430 17,301 25.918 17,301 25,916 18.657 192.990 18,657 192,990 79,572 88,411 7,546 illumiNalions translat'on projects Smaller grants UBS stewardship Wodd Day of Prayer 79,572 88,411 7,546 167.983 122,2241 336.282 19,247 504,265 12,977) 496,888 27,930 Add: movernent in provision 145,759 355.529 501,288 524,818 25 The Scottish Blble Society Notes to the Flnanclal Statements forthe year ended 31 December 2025 GRANTS PAYABLE- prior year Unrnstricted Restricted Funds Funds TOTAL 2024 TOTAL 2023 World grants paid in year: China 37,161 23,931 23,751 23.563 BS Bolivia BS Burkina Faso BS Egypt BS Guatemala BS Kenya BS Mala 5,435 23,564 18,000 21,612 6,400 43,052 230,208 28.999 18,000 28.999 6,400 43,052 230,208 49,750 82,050 9,430 18.000 8.000 7,500 73,966 196,482 50,050 90,464 6,596 7.387 BS Uganda BS Ukraine illumiNations translation projects Smaller grants UBS stewardship Wodd Day of Prayer 49,750 82,050 9.430 144,622 44,132 352,266 {16,202) 496.888 27,930 559.464 193,8241 Add: movement in provision 188.754 336.064 524.818 46S,640 SUPPORT COSTS Support costs are indirect expenses which are allocated across the different ath'vilies of the charitable ompany, fundraising, national ministries, inlemational prOje￿S and infomiation by reference to appropriate 'drivers' such as Salary allocation, office space ulilised, analysis of postage etc. A fijrther adjustment is made btheen fundraising and infomalion support costs in recognition of the Cross- over btheen these activits'es. Therefore, fundraising support costs consists of 50% of calculated fvndrai5ing support ¢osls and 40°A infomiation support costs. Infomalion support consists of 50Qh fijndraising costs and 60Yo inlomalion support ¢osts. National Fundraising Minlstrle$ Intl Projects TOTAL 2025 TOTAL 2024 Info Property Postage & stationery Adrninislralion Govemance Inole 9) 19,924 5.065 56.932 18.889 24,847 6,157 68,179 22,842 44.771 11.222 223,633 83,061 42,753 8,487 242,826 79,621 71,096 20,765 27.426 20,765 100,610 91.861 48,191 122,025 362.687 373,667 26 The Scottish Blble Society Notes to the Flnancial Statgments for the year ended 31 Decgmber 2025 SUPPORT COSTS- prlor year National Fundralslng Miniytriès Inti Projects TOTAL 2024 TOTAL 2023 Info Property Postage & stationery Administration Governance (note 91 19,025 3,826 56,978 17,914 23,728 4,641 70,110 21,896 42.753 8,467 242.826 79,621 16,627 8,358 236,917 63,782 81,975 19,905 33,763 19.906 97,743 101,880 53.669 120,375 373,667 325,684 GOVERNANCE COSTS TOTAL 2025 TOTAL 2024 Audf(orf$ remuneratlon Audit fees Staff costs attributed lo govemance Office costs attributsble to govemance 14,310 66,568 2,182 14.265 63,279 2,077 83,060 79,621 Governance costs have been split across Fundraising and the Charitable A¢tivities (national mini$trie$. Intemalional projects and infomiation). A similar split was used in 2024. This is because Governance costs apply lo all a￿8$ of activity in similar measure. Governance costs also include the charitable company's involvement wthin the UBS fellowship and ils global operations. The charitable company's CEO is a member ofthe UBS Global Council and an exe¢ulive member of the Unfced Bible Societies Association. 10 TRANSACTIONS IVITH RELATED PARTIES & TRUSTEES Trustees all give of their time and expertise wthoul any form of remuneration or other benefit in cash or kind12024.' £nill. Expenses paid lo the trustees during the year amounted to £nil12024." £nil}. During the year 1 twslee donated a total of £20 to the charitable company's general fund12024.' 3 trustees donated a totsl of £7651. During the year 1 trustee's spouse donated a total of £300 to the charitable company's general fund {2024.' 1 tru$tee'$ spouse donated a total of £300). 27 The Scottish Blble Soclety Notes to the Flnan¢lal Statements for the year ended 31 December 2025 11 STAFF COSTS 2025 2024 Wages and salaries Social Security costs Employerfs contribution to defined contribution pension scheme 624,882 64,172 72,899 656,138 58,750 76,202 781,953 791,090 The average number of employees was 21 {corresponding full time equivalent 19}.. Charitable a¢tivilies Communicaknons and fvndraising Finance and administration 10 10 21 The charitable company is fully compliant with auliFenrolmenl regulations and all staff a￿ enrolled and participating in a personal pension scheme. Only one employee received remuneration within the £70,000 to £80,00012024'. £60,000- £70,000) bracket during the year. The employee remuneration, employerfs Nl and pensions for key management lotalled £188,01012024.' £217,197). Key management comprises of the Chief Executive, Direthr of Programmes and Director of Operations. At the year*nd pension payments of £1,387 had been overpaid12024." £1,880 was overpaid). 12 FIXED ASSETS- Tangible assots Motor Equlpmont ￿hle1•S TOTAL 2025 Propaity Cost.. At 1 January 2025 Additions Disposals 2.201,730 199.939 11,231 117,1451 9,995 2,411,664 11,231 117,1451 At 31 Dec£mber 2025 2.201,730 194.025 9.995 2.405,750 Aggregate deprwAalion'. At 1 January 2￿25 Charge for year Depreaation on disposals 557,362 44,036 128,6 20.079 116.3961 9.995 695,957 64,115 116,3961 At 31 December 2025 601.398 132,283 9,995 743,676 Net book valuè at 31 Dec*mber 2025 1.600.332 61,742 1.662,074 Net book value at 31 December 2024 1,644,368 71,339 1,715,707 28 The Scottish Bible Society Notgs to the Financlal Statements for thg year endod 31 December 2025 13 INVESTMENTS 2025 2024 Quot&d investments Cash Subsidiary undertakings 675.195 11,715 100 605,082 11,695 100 887,010 616.877 The subsidiary company, SBS Publishing Int.'sportl Limited was ineorporaled on 20 August 2004 with an issued share capit31 of 100 shares of £1 each. It was dormant during the year and the previous year. The charitable company has not prepared Consolidated financial statements because the amounts involved are not material. The subsidiary is registered at Bible House, 7 Hampton Terrace, Edinburgh, EH12 SXU. Quoted investments 2025 2024 Fair value at 1 January 2025 Additions at cost Disposals at opening fair value Unrealised gains]1105ses} on investments 805,082 954,010 66,737 1452,2921 36,827 70,113 Falr value at 31 December 2025 675,195 605,082 Cost at 31 December 2025 415.726 415,446 14 STOCKS 2025 2024 Bible resources held for resale 58,910 66,071 £27,274 of stock was recognised as an expense in the year12024.' £38,413>. 15 DEBTORS AND PREPAYMENTS 2025 2024 Trade debtors Legacies receivable Tax recoverable., gift aid & VAT Other debtors Prepayments & grants receivable 1,679 46,517 13,272 8,896 131,874 1,322 226,870 11,114 6,610 343,655 202,238 589.571 During 2021, The Souter Trust made 8 commilrnent of £1,000,0001£200.000 per annum over a 5-ye8r period) to fund overseas translation work through the charitable company. The translation proje¢ts identified are being managed by Bible Societies in Angola, Congo and Nigeria. During 2025, £200,000 of this grant funding had be•n reeèivèd and £100,000 r8rnains receivable wtihin 1 year. 29 The Scottlsh Bible Society Notes to the Flnanclal Ststements for tho yoar gndod 31 Dgcember 2025 16 FINANCIALASSETSAND LIABILITIES 2025 2024 Financial assets at fair value Financial assets at amortised cost Financial liabilities at amortised cost 675,195 618,749 128,5321 605,082 803,486 135,4811 1,263,412 1.373.087 Financial assets at fair value comprise of listed investments which a￿ measured at market value. 17 CREDITORS: Amounts falling due ￿thin one year 2025 2024 Trade creditors Other ¢￿ditorS Taxes and social security costs Amount due lo subsidiary company Accruals & deferred income 9,853 50 13,742 134 18,495 18,171 50 12,356 134 17,126 42.274 47,837 18 PROVISIONS 2025 2024 Provision for future UBS pledge 498,113 501,090 498.113 501.090 A provision is recognised for the anticipated pledge that will be paid to UBS in the followng year. (Appeals VKII be launched in the followng year to raise income to meet the pledge}. The provision also includes some Of the translation projects being funded by The Souter Trust as outlined in Note 15. 19 ANALYSIS OF NET ASSETS AMONG FUNDS The fvnd balances at 310e¢ember 2025 are represented by: General Fund5 Designated Funds Restricted funds Total Fixed assets Investments Net current assets Provisions 1,662,074 687,010 1,662,074 687,010 621,313 1498,1131 135.716 485,597 1498,1131 As at 31 Oecember 2025 135,716 1,850.971 485.597 2A72.284 30 The Scottish Blble Soclety Notes to the Financlal Statoments for the year ended 31 De¢ember 2025 19 ANALYSIS OF NET ASSETS AMONG FUNDS- prior ygar The fvnd balances al 31 December 2024 are repregented by.. General Funds Doslgnatsd Funds Restricted funds Total Fixed assets Investments Net current assets Provisions 1,715,707 616,877 1,715,707 616,877 812,001 {501,0901 148,724 665,277 1501,0901 As at 31 December 2024 146,724 1.831,494 665,277 2.643,495 20 ANALYSIS OF CHANGES IN NET DEBT Oponlng balanca at 1Jan24 Other non- cash changos Closing balance at 31 D&¢ 24 Fair valu8 Cashfiows movements Cash 204,198 198,243 402,439 TOTAL 204,196 198.243 402,439 ANALYSIS OF CHANGES IN NET DEBT- prioryoar Opgnlng balance at 1Jan24 Other non- cash changes Closlng balance at 31 Dac 24 Falr value movom•nts Cashflows Cash 55,065 149,131 204,196 TOTAL 55.065 149,131 204.196 21 ULTIMATE CONTROLLING PARTY In the opinion of the trustees there is no ullimats controlling party. 22 UNRESTRICTED FUNDS Openlng balance at 1Jan25 Closlng balance at 31 Dec 25 Incomlng resources Outgoing r•sou￿¢S Net gains on investments Transf• GENERAL,. General Fund 146,724 1,249.867 11.324.269} 63,394 135,716 DESIGNATED.. Capital Fund UBS Provision 2,332,584 1501,0901 153,6331 70,133 2,349,084 2,977 1498,1131 TOTAL 1.978,218 q,249,867 11.377.902) 70,133 66,371 1,986,687 31 The Scottish Bible Soclety Notes to the Flnanclal Statements for the year ended 31 December 2025 22 UNRESTRICTED FUNDS- prior yoar Openin9 balance at 1Jan24 Closlng balance at 31 Dec 24 Ineomlng r•8ourc•s Outgoing r•sources Net gains on invesknents Transfers GENERAL., General Fund {173,2031 1,075,838 11,348.5151 592,604 146,724 DESIGNATED., Capital Fund UBS Provision 2,747,541 {489,4011 162,8141 36,627 (388,7701 2,332,584 131.6891 1501,090) TOTAL 2.104,937 1,075,838 {1A11.329) 36.627 172,145 1,978,218 Des¢rlptyon of Fund$ Capital Fund The Capital Fund represents {al amounts retsined to ft&nd the depreciation of certain l¢ng-term tangible fixed assets and Ibl exceptional income or gains of prior years, which the Iruslees at that lime determined should be held a5 fixed assèt investments either for the generation of fvlure investment income or for other special purposes. The Board considered that the value of this fund should equal the nel book value of fixed assets and market value of investments at the Balance Sheet dale. UBS Provision See note 18 for details. In the event that insufficient ¢a$h funds are raised in the future, any provision outstanding would be mel from the Capitsl Fund, p￿QmInatelY through the sale of investments. 23 RESTRICTED FUNDS Opening balance at 1Jan25 Closing balance at 31 Dèc 25 Incoming resources Outgoing resour¢e¥ FUND Trdnsfars Dominican Republic illumiNations 16.193 607.040 11.186 30.858 16,193 414,050 43,153 12,201 {192,990} 117,754> 118,6571 {228,0881 S¢ottish projects Ukraine 49,721 Others 294,439 166,3711 TOTAL 665,277 344,160 {457,4691 {66.3711 485.597 32 The Scottish Bible Society Notes to the Financial Stat9ments for the year ended 31 December 2025 RESTRICTED FUNDS- prior year Openlng balanco at 1Jan24 Closing balance at 31 Dac 24 Ineomlng rèsources Outgolng FUND resources Transfers Dominican Republi illumiNation$ Scottish projects Ukraine 16,193 811,046 45.930 49.899 16,193 607,040 11,186 30,858 10,000 21,456 48,602 297,772 1214.0061 156,2001 143,0521 1150,2181 124,5911 1147,5541 Others TOTAL 923,068 377.830 {463,4761 1172,145) 665,277 Doscription of Funds Major ftjnds for projects by overseas Bible Sothetiès are shown individually if the amount brought forward at the $tart of the yeartogether with fund income raised during the year exceeds £5,000. Funds transferred from restricted to general funds are pdmarily used lo cover the costs of UBS stewardship expenditure as well as finance smaller Bible Societies projects. Amounts carried foward at the end of the year represent donations received, nel of ￿leVant Costs, and major project Costs being incurred by the relevant Bible Society. The funds las per the Trustees, Report) can be summarised as follows.. Dominican Republic illumiNations Scottish projects Ukraine Funds raised and utilised to Support the prowsion of Bibles for children al school. Funds raised and utilised to support Bible translation work. Primarily funds raised and utilised for The Bibles for Balms 5-year inilialive. Funds raised and utilised to support the provision of Bible5 and Bible-based reSou￿e$ for those impacted by the Current conflict. 24 COMMITMENTS UNDER OPERATING LEASES At 31 December 2025 the charity had total Commitments under non