Charity Number. SC016730 C.K. MARR EDUCATIONAL TRUST ACCOUNTS YEAR ENDED 30 APRIL 2026
C.K. MARR EDUCATIONAL TRUST INDEX Pag¢¥ Governors. Officers and Professional S(fvelS Report ofthe Govemors InrLJme and ExpeThliture Account and Statement of Financi81 Aclwities General Fund & Subsidiary Fund Sir AlexanderWalke¢s Trusl General and Subsidiary Fund Balance Sh8el as at 30 April 2026 Notes to the Accounts forlhe Year Ended 30 April 2026 Six Year Summary of Ac£ounls as at 30 April 2026 10 Independent Audilorfs Report
C.K. PMRR EDUCATIONAL TRUST Governo Alastair Crabb Dwglas Hutchison Professor T(Nn Ar¢hibald Dr. Belgin Okay-somemlle Shona Me1@ Appointed by the Presbylery ofAyr Appointed by the R. C. DI0Se of Galloway Appointed by the University of Edinburgh Appointed by the University of Glasgow Appnted by the University of StAndrews C(*mmunity Cllr Andrew Girvan Community Cllr David Carson Community Cllr Fiona Girvan Appointed by Troon Communty Counul Cllr Robert Pollock Cllr William Grant Cllr Kenneth Bell Scott Mulholland Appointed by South Ayfshire Council Morag Bogle Frana5 Mccrossin Ctropted in terms of Claustr 412} ol the Trust Scheme clerks1a$UrerSIS0lIeltor8 David A. Stewart & Lauren V. Mccal 1 Howard Street Kilmamock KA128W Bankers Thè Royal Bank of Scotland p1c 69 High Streèt Irvine KA12 OAL Stockbrokers Ralhbones Group plc George House 50 George Squarè Glasg(yw G2 1EH Auditors wtKJ (Audrtl Limited 168 Bath Street Glasgow G2 4TP Charlty and Tax Reference Numbers SC016730 CR31999 AdmIni$tiVe addre¥8 cjo 1 Howard Street Kj'lmamock KA12BW
C.K. MARR EDUCATIONAL TRUST REPORT OF THE GOVERNORS The founding document of the Trust Is The C.K_ Marr Educational Trust Scheme 1981, Ststtstory Instrument No 857 IS881 of 1981. The Govemors. as al 30° April 2026, are listed on page 1. Craig Mackay and Philip Saxton served as Govemois unb"118VI May 2025 and 3151 May 2025 respectively. William Grant and Kenneth Bell were appointed in Ir plaS on 26° June 2025. Lyndsay McRoberts served 8$ 8 Governor until 31 July 2026. Scott Mulholland was app(xnled in her place on 6° January 2026. None of the Govemors receive any remuneration from the Trust. Tfavel expensès are paid lo the apInteeS of the UniversitEs gf Edinburgh. G5asgow. and St Andiews when they attend meetings, if claimed. The benefits of the Trust a available only lo persons resident within the area of benefit defined in Clause 2(11 of the Trnjsl Scheme, namely the former Burgh ol Tro¢n including Loans Village and Southwoods. In terms of Clause 3111 of the Trust Scheme, the Goveming Body of Ttvstees is constituted as a Boty C¢rFrf)rate wth perpetual succession and a Common Seal and with all the rights. powers and privileges ol a Body corpte. The objective of the Govemiro Body is the eduilional advancement of persons resident within the area of benefft. The only regular SOUTCeS ol income lo the Trust are the rental received in respect ol the MaTh College Playing Fields and the dividends, intest, etc collected on the investment portrolio and bank accounts. Oonations are receNed ocGasionally. The frxpendrture of Trust on bursaries, scholarships and other grants remains at a laidy constant level from year lo year. The Slalutory Instrurnenl has specffic rule5 Oll the use of the income and permits any uNexppnded bala of income to be carried forward to tre following financial year or lo be added to the capital of the Trust. Tr Gaptsl of the Trust is held for use on specific educational projects and is not 8vai18ble for routine buaries, scholarships and other grants which are nomially covered by the amual income oflhe Trust. The invèstmént pDrtfdio is kept under reVW by Rathbones Gioup plc, Slo¢kbrokers, Glasgow in successon to Investe Wealth & Investment UK, lollowing a lakeoverollhe latter. An Investment Managertrom that Company attends the meetirvJs of the Finance Cornmittee at least Ihrice yearfy. The policy is to seek a balance ot gn>wth belween income and capital. The Finan Commrttee takes investment decisions after taking advice from the stcK*brokers. at the Ihrice-yearfy meth"ngs. at three other separate meetings and also beiween Meeng$, when necessary. For many years, thè Govemors provided operational funding forthe Marr Educational Resources Centre whih wa5 attached to the public library belonging South Ayrshire Counol in Soulh Beach, Tioon. The Centre was dosed by South Ayrshire Council in May 2025 & the final payment by the Twsl was made during Ihe finan¢i81 year ènding on 30. April 2025. Discussions are ongoing Wlth South Ayrshire Council about the future Provision of Educational Rèsources and the appropriate l•vel of fulure financ4al support. The Trust has eonb.nuèd to èncouraga postgraduate study and research by providing substantial grants to p)slgraduate scholars. The Trust ha5 provided bursaries- mainly of £600 each- to hundreds of students from Troon engaged in tertiary education al University oi Ctrllege level. The Trust has also encwraged the staff of Matr coll and thè local primary schools to organise and undertake travel excursions of an educational nature, both within the United Kingdom and abroad. A number of grants are made for educational travel by indildUS1 slud8nts but there have been fewei sh giants or applicatio therefor Since the ¢owd pandemic. Grants have hisloricAIty been made to assist the education of pers¢ns with disabilities but no applications for such grants have been approved during the year lo 30. April 2026. Th& Govemors will continue lo adrninisler both the income and the expenditure ol the Trust in aCran th the pracbces established since 1981. There are no ftjture plan5 or commitments which will have any fflalerial effect uptsn the finan¢ial KK)slbon ol Ihfy Twst. The aco)unt5 set oulon pages 410 6 sh(swlhe financial position of the Trust at 30th April 2026 and ils income and expenditure for the year Ihen ended. These accounts reflect the requirements of applicable ch8nty18w. No other body is conneded wilh Ihe Trust but the Govemors are also the Trustees of the Sir Alexander Walker Trust. This 15 a small subsidiary Trust whose accounts are incorporated within the main accounts ol the Marr Trust. The WalkerTrusl prowKJes bursaries of a relatively sm811 amount to persons engaged in tertiary edu¢alK)n at Untiiersity or clege level. The Walker Trust does nol have powers to give grants for vocational training or educational Iia¥el. Its funds are too limrted to allow substantial grants lo be made for poslgraduale research. The funds of the Walker Trust are fully invested in Stc¢k Exchange investments. There are no transactions beNveen the Marr Trust and the Walker Trust. The accoun15 sel out on page 5 show the inu)mÈ and expenditure ol the Walker Trust for the yèar èrKled 30kn April 2026.
C.K. MARR EDUCATIONAL TRUST REPORT OF THE GOVERNORS Rlsk manag•mgnt The Govemors have assessed the maj(w risks to which the Trust is exposed, in particular those related to the fiareS of the Trust, and are satisfied that systems are in place lo minimise exposure. ststèmènt of Govèmots. r•spon$lbllltlès The charity Governors are responsiNe for preparing a Iruslees, annual report and ac¢ounts in accordance with applicable law and Uniled Kingdom AcLounting Standards Iunited 'ngdoM Generally Accepted Accounting Practice). The law appllcable to trusts in Scotland requires the trusts Governors, to prepare accounts for each year which give a true and fair view of Ihe state of affairs of the trust and of ihe incoming iesources and application of iasources, of Ihe trusl for that period. In preparing the accounts. the Governors are required lo.. select suitable accounting policies and then appty them ¢onsislenlly', observe the method5 and principle5 in the applicable Charities SORP.. make judgemènts and èstimatès that ar8 reasonable and pmdent., state whether applicable accounting slandards have been followed. sublect io any material departUTes disclosed and explainèd in the accounts., prepare the accounts on the going Con[ basis Un5$ il is Inappropriate lo presume that the trusl will continue in business. The GOV$ are responsible lor keeping Pfoper accounting r¢cords thal disclose with reasonable accuracy at any time the financial FM)Sition of the Iw51 and lo enable them lo ènsure that the accounts comply with the Charities and Trustee Investment (Scotland) Act 2005 las amended), the Charity Accounts IScoUandl Regulations 2W6 las arnended}, and the provisions of the Statutory Inslrumenl. They are also responsible for saf2rding Ihe assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularsties. The Governors arè responsiblè for the maintenancè and integrity of the charity and financi81 Infomalion itKlvded on the charity regulator's website. Legislation in the Unrted Kingdom goveming the preparation and dissemination of accounts may differ trom legislation in other jurisdiction5. Golng Concem Thè Govèmors consider that therè ara no matèrial uncertainties about the Twsl's abilityto continue 8$ a going ¢on¢em. ststement of Di10$ure to the Audltor In so far as the Governors are aware.. there is no relevant audit information of which the trust audftor is unaware", and the Governors have taken all steps that they ought to have taken to tnake themselves aware of any relevant audit Informaln and to establish that the auditor is awars of that information. AudOr8 A $OlUtion to re-apwint (Audit) Limited as auditors to the Trust, in a¢xordance wi(h the Charthes 8nd Trustse Investment IScollaN11 Act 2005 and the Charities Accounls {Scodandl Regulations 20 will be proposed al thè Annual General Meeting of the Trust on 30th June 2026. On behaff o¢1 Governors Fra CAS Mcciossin, Governor 30° June 2026
C.K. MARR EDUCATIONAL TRUST GENERAL FUND AND SUBSIDIARY FUND INCOME AND EXPENDITURE ACCOUNT ANO STATEMENT OF FINANCIAL ACTivrnES FOR THE YEAR ENDED 30 APRIL 2026 2026 2025 lllcome from.. OtherTradiny Activiti08 Rent ofplaying d5 Investrnents Ineome from Invesknents Bank Interest 43,CKJO 46.208 $03,688 3,721 541.371 8,656 650 409 596.235 EXpendIlu on: Charitablo aVI- Edu¢atlonal Eclucab'onal Re30urce$ Cgntrg 43.750 Grants to Indlvldualg seOn 29 Bursaries- Higher Education Section 30 P05tgraduate scholwships Secb'on 31 Vocational but5aries Secbon 32 Travel grants Sedon 34 Prizes WalkerTrust Bursari6S 170.650 116.029 9,22S 46.368 3,QK)O 143,825 38.429 8,875 25.865 3,000 5,250 352.832 266.594 Charitsbltt a¢llvltsè8- Managèmènt Salary paid lo Clerk Bank charges Postages, stat*)nery etc Audrtors. rèmunerab.on Stockbrokers. annual fee Insurance meets.ng and other MislIaneOUS expenses 41.665 39.999 293 1,435 4.391 28,426 398 2.150 1,601 5,144 51,740 103 497 Total Expenditure 456,329 Net income and net movèrnent in funds for year before galnslllossesl on Investmonls GalnsllLo8ses} on Investments Realised UTrrealised 194.080 252,549 65,964 2.723,628 7,919 1340.2641 Net movement In Funds Furvj balanc8s at 1 May 2025 2.983,672 12,617.493 179,79SI 12,697,289 Fund ba18n¢8s at 30 Aprll 2026 15.601 165 12.617 493 The notes on pagg$ 7 to 9 fom part of these awounts
C.K. MARR EDUCATIONAL TRUST SIR ALEXANDER WALKEifs TRUST FUND INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 APRIL 2026 2026 2025 Income from: Inveslrnents 7,521 7.303 Totsl Income 7.521 7.303 EXp9ndlTr ot7: Charllable AellvkUo8 Bursaries Total expendlturo 7,560 7,0 5.250 5.250 Not l•xpndriurVin¢¢me #nd net movement in fund befor¢ galns on Invoslm•nts 1391 2.053 Gains on inv•stments Realised Unreaised 797 24.983 414 3.902 Ngt movom•nt In Fund FU balance at 1 May 2025 25.741 170,857 8,369 164.488 Fund balance at 30 Aprfl 2026 196,598 170.857 The notes on pages 7 10 9 form part of these acC(nIS
C.K MARR EDUCATIONAL TRUST GENERAL & SUBSIDIARY FUND BALANCE SHEET AS AT 30 APRIL 20 Notes 2026 2025 Heritable Propety Investments 15,434,065 12,494,473 15,434.065 12.494.473 Current assets Bank Debtors 253,738 90,918 60,102 151,020 260,784 Currgnt Llabllllles Creditors 193.6841 128.0001 Net current a36ets 167,10D 123,020 NotAs$•ts 15,601.165 12,617.493 Funds of the TN6t Oesgnated Capital accounts Unrealised appreuats'on on inve51ments Revenue accourts 9.741,363 4.331.289 1,528,513 9.675,399 1,607.6fj1 1,334,433 15.601.165 12.617.493 Approved by Govemors on 30 June 2026 and signed on their behalf by Francis Mccrossin Govemor The notes on pages 710 9 fom part ofthese ac£wnts
C.K. MARR EDUCATIONAL TRUST NOTES TO THE ACCOUMTS FOR THE YEAR ENDED 30 APRIL 2026 Accountyng Polidos Genèral The accounts have been prepared under the historical cost convention with items reccgnised at cost or transaCtrn value unless othewise staled iri the ielevant notelsl lo these awjunts. The accounts have been prepared in accordance with the Statement of Recommended Practice.. Acuunling and Rep)rting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1Q21, the Charities and Trust8a Invastmènt Iscotlandl Aci 2(M)5 and the Charities Accounts (Scotlandl RegulatKbns 2006. Tha trust constitulas a public b8nèfft èntity as d8fined by FRS 102. The financial statements are prepared in sledlng, which is the fvnctional curren¢y of the company. Monetary arncmjnts in these ftnancial statements are rounded lo the neaiesl £. Funds Structure Unrestrictéd in(x>mè funds eomprisè IfK)sè funds which th8 GoverTh)rs are free to use lor any purpose in furtherance of the charrtable objects. Restrict8d funds are funds which are to be used in accordance with specrfic restrictions imposed by the dcfflor. Investments Investments are staled al matket value. Any Inase$ or de¢ase$ in value are ¢dtell or charged to an unrealised appreciation on investments accounl. Realised gains or losses are transfe to the caprtal account. Incomg from Investments Income from investments is accounted for on an accruals basis. Interest from bank deposits Interest from bank deposrts is accounted for on a cash bays. Expgndlturo Ineludlng Gr4nts Expenditure is a¢<xJunled for on an accmals basis. Realised gain8 and 10s$e$ All gains losses are taken to the Stalement ol Financial Activities as they arise_ Realised gains and105ses on investments are &4lculated as the difference beeen sales proceeds and CAXt. Unrealised gains and1055e5 a ¢alculaled as the dIffenCe between the market value at the year end and their cost. Cash flow Statement The accounts do not indude a rash flow statement as the Governors do not oJnFAder il would seNe a usefvl purpose. Going Concèm At thetime of approwng the finanaal statemenis, the GciverTh)rs have a reasonable e4)e¢tstion Ihalthe company has adequate resources to continue in operational existence for the foreseeable future. Thus, the Govemors continue to adopt the going concern basis of ac(x)unting in preparing the financial statements. Legal Ststus of th• Trust The Trusl is a registered Scottish Charity uealed by Statutory Instrument.
C.K. MARR EDUCATIONAL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2026 Rèlatsd party tran$a¢tions and Gov•mors' •xpgnses and r•mun•ration The Governors all gwe freely their time and expertise without any form of remuneration or other benefit In cash or kind12025_ £nill. Thare were no expenses reimbursed to Trustee5 in the year12025.. £nill. No children of Trustees12025'. 11 received bursary payments from the d)arity12025.' £500}. A beneficiary group that includes a grandchild of a Tiustee reoEived a travel grant lotalling £3.371 during the year 12025.. £4.2401. the grant per capila being £74.91. This grant was applied for and awarded through the same priKe5s and on the sarne terms as all other grant applications. Analysls of net•$$ets bètw••n fund8 2026 Alexander Walkor's Trust ¢.K Marr Trust Totsl 2026 Investments Bank Debtors Creditors Due from I Itol other funds 186.470 15,247,595 253.738 7.046 193,6841 10.128 15.4D4.567 15,434,06S 253.738 7.046 193,6841 10.128 196,598 15,601.165 Represented by.. Caprtal Unrealised appreciation on investments Revenue 30,246 41,452 124.9CK) 1,598 9,711,117 4,289,837 1.403.613 15,4(14,567 9,741,363 4,331,289 1,528,513 15,601,165 2025 Akxander Walker's Trust C.IL Mavr TruBt Totsl 2025 Investments Bank Debtors Creditors Due from I Ito} other funds 160.69) 12,333,783 90,918 80,102 128,OWI 10.167 12.446,636 12,494,473 90,918 80,102 128,0001 10,167 170,857 12,617,493 Represented by. Capital Unrealised apyecAation on investrnents Revenue 29,449 16,469 124.939 170.857 9,645,950 1,591,192 1.2D9.494 12.446.636 9,675,399 1,6Q7,661 1.334,433 12,617,493 Heritsble property Heritabk property Consists of the Playin9 Fields which are induded at £nil value as the Govemors do not intend lo dispose of this land.
C.K. MARR EDUCATIONAL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2026 Invesknents Sir Alexander Walkerf Trust C.K. Marr Trust Totsl Cost Al 1 May 2025 Addib"ons at cost Proceeds on disposal Reafised Gain on disposal As al 30 April 2026 Unr88lis8d appreciation 143,176 26,946 126,7341 797 144,185 41,451 185,636 834 10.524.914 1,621,804 11.424,7581 65,1e7 10,786,927 4.289,837 15,076,764 170.831 10.668,09Q 1.648.55 11.451,4921 65,964 10,931,112 4.331.288 15.262,400 171,665 Capital cash held by broker Mark•t valuo At 30 April 2026 186,470 15,247.595 15,434,065 AI 30 April 2025 160,69J 12.333,783 12.494.473 Unrealised applation SirAl•xand•r Walker's Trust C.K. Marr Trust Totsl At 1 May 2C125 Increase At 30 Apnl 2026 16.469 24.983 41,452 1.591.192 2.698.645 4,289,837 1,607,661 2,723,628 4.331,289 Capitsl a¢¢ounts Slr Al&xond•r Walker's Trust C.K. Mayr Trust Total At 1 May 2025 Gain on disposal of inv$stm8nts At 30 April 2026 29.449 797 30.246 9.645.950 65,167 9,711,117 9,675,399 65,964 9,741,363 Revenue a¢nts Slr Alèxander walk0S Trust C.K. Ma Trust Total Al 1 May 2025 Net incoming resour At 30 April 202e 124,939 1391 124,900 1,209,494 194.119 1,403,613 1,334,433 194.080 1.528,513
C.K. MARR EDUCATIONAL TRUST 10 SIX YEAR SUMMARY OF AccouTrifs AS AT 30 APRIL 2026 2026 2025 2024 2023 2022 2021 Income Rent of playing fields Investments Bank Interest Donation 43,ODJ EQ3,688 3.721 46,208 541,371 8,656 39.IXQ 491,814 8,445 10.(KX) 549.259 39.CKJO 594,218 1.721 39.0 489,881 328 39,000 402294 45 650,409 596,235 634.939 529,209 441,339 Expondlturg Educational.. Educational Resourcès Cènt S28-34 Bursariès. grants Èl¢ 43,7SO 222,844 266,594 77,092 6S,OCIJ 229.442 294.442 84,261 91.S(KJ 216.230 307.730 79.002 122.OCM) 317,772 439,772 87,698 122,OCM) 234,078 356,078 84,272 352,832 352,832 103,497 Management Ngt in¢oming rnsourGes 194,080 252,549 170,556 248.207 1,739 989 G3insllkJssèsl on investments R8alised Unrealised Net movèm•nt in Fund At beginning of year 65,964 7,919 38.638 79.256 {66,281) 2.723.628 1340.2641 149.223 1.721 92.365 2,081,917 2,983,672 179,7961 358,417 3C6.891 173,360 2,016,625 12,617.493 12,697,289 12,338.872 12,031,981 11.858.621 9,841,996 At ènd of year 15,601,165 12,617,493 12,697.289 12,338,872 12,031,981 11858,621
C.K. MARR EDUCATIONAL TRUST 11. INDEPENDENT AUDITORS, REPORT TO THE GOVERNORS OF C.K. MARR EDUCATIONAL TRUST FOR THEYEAR ENDED 30 APRIL2026 Oplnion have audited th8 financial stalements of C.K Marr Educational Trust (the 'charity'l foT the year ended 30 April 2026 which comprise the Slalement of Financial Activities, the Balance Sheet and the notes to the financial slatemenls, including a summary of significant a¢countsng polioes The finan¢ial reporting framewDrk that has been applied in their preparation is applicable law and United Kingdoffl Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Gènerally A¢¢epled A¢¢ounting Pra¢ty¢e}. In our opinion the financial 5taternents'. give a true and fair view ol the slate of the charity's affairs a5 al 30 April 2026, of its InmIng resources and application Of resources. including its incorne and expenditure, for the year then endèd.. have been properfy prepared in aU0rdan with Unrted Kingdom Generally ACpted Acwunling Practice., have been prepared in accordance with the requirements of the Charitie5 and Trustee Investment IS¢ollandl Act 2005 and regulath'on 8 of the Charities Accounts (Scollandl Regulations 2006. Basis lor oplnlon We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilitiès for the audit of the financial slatements section of our report. We are independent of the charitable ¢tsmpany In accordance with the ethical requirements Ihat are relevant to our audit of the financial statements in the UK, induding the FRC'S Elhical Standard, and we have fulfillèd our other ethical responsibilities in accordance with these requirements. We believe Ihal the au(lil avidènce we have obtained is sufficienl and appropriat8 to provide a basis for our opinion. Conclu$ion$ relating to going ¢on¢èm In auditing the financial statements. we have ¢oncludèd that the tiustees. use of the going concern basis of accountsng in the preparation ol the financial slalemenls is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast signifieant doubt on the ehanty's ability tDcontinue as a going concem fora period of at least Iwelve months from when the financial slalemenls a authorised for issue. Our responsibilities and the responsibilities of the truslees With respect lo going concewn are deseribèd in the relevant sections of this report. Other inforniation The other infomiation Cornprises the infomalion included in the trustees, annual report., other than the financial statements and our auditor's report thereon. The trustees are re5poNsible for the other information. Our opinion on Ihe nala1 statements does not cover the other information and we do not express 8ny fomi tsf assurance conclusion thereon. Our responsibility is to rèad thè othér Intomiation and. in doing so. consider whether the other information is materially inconsistenl with the financAal statement5 or our knowledge obtained in the coursè ol the audit or othetwise appears to be materially misslaled. 11 we identify such material inconsistencies or apparent material misstalemenls. we are required lo determine whètherthis gives rise to a material misstatement in the financial staternents themselves. If, based on the work we havo performed, we conc1le that there is a material misslalement of this other information, we are required lo ieport that fact. We have nothing to report in this regard. Matters on which wè aré requlrnd to rnport by èxception We have nolhiny to report in Spect of the following matters in relation to which the Charities Accounts (Scotlandl Regulations 2006 requires us to report to you if. in our opinion: the informalion given in the truslees. report Is Irn81Stent in any material respect with the financial stalem&nls'. or proper accounting records have not been kept,. or the financial statements are not in agreemenl with the accounting records-, or w¢ havè not I1ve all the informatitsn and explanations we r8quire for our audit.
C.K. MARR EDUCATIONAL TRUST 12. INDEPENDENT AUDITORS. REPORTTOTHE GOVERNORS OF C.K. MARR EDUCATIONAL TRUST FOR THEYEAR ENDED 30APRIL 2026 Responsibilities of trLrst89S As explained more fvlly in the Trustees. Responsibilities Statement set out on page 3, the trustees are responsible for Ihts pieparation of financial statements and for being satisfied that they give a trne and fair view, and for Such inleinal control as the trustees determine is neces$8ry lo en8blè thè prèparation of finanaal statements that are free from material misstatement. whether due to fraud or error. In prèparing thè financial statements. the trusteès are responsible for assessing the charity's ability to continue as a going concern, discbsing, as applicable, rnatters related lo going ¢on¢ern and using the going concem basis of accounting unless the trustees eiiher intend lo liquidate the charity or lo Cease operations, or have no realistic altemative but to do Auditor's responsibilitivJ forthe audit of the finon¢ial 8tstsmÈnts We have been appointed 85 audiloi under section 4411llcl of thè Charities and Trustee Investment (Scollandl Act 2005 and report in accordance wilh the Act and relevant regulations made or having effect Ihtrreunder. Our objèctives ara to obtain reasonable assurance about wheiher the financial statements as a whole a free from material mi5slalemenl, whetherdug lo fraud oreiior, and lo issuè an auditorfs report that includes ouropinion. Reasonable assurance 15 a high level of assurance. bul is not a guarantee that an audit ¢onducted in accordance with ISAS IUKJ will alway5 detecl a material misstatement when il exists. Misstatements ¢an arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be exCted to in11uence the economie decisions of sers taken on the basis of these financial staternents. Irregu18ri1ies. in¢luding fraud, are instances of non-compliance with laws and regulations. We desbgn procedures In Ilne with our responsiky"lrties. ouuined above, lo detèct matenal misstat8ments in respect of irregularities, including fraud. The specific procedures for this engagernenl and the extÉnt to which these are capable of detecting irregularities, including fraud is detailed below.. Extènt ta whieh thè audlt was eonsiderad eapable of detecting irregulariiies including fraud We identrfy and assess the risks of material misstatement of the accounts, whether due lo Iraud Of errtsr. and then design and perform audit prOdureS respr)nse lo those risks, Including tsbtaining audit èvidence that is suffiaent and appropriate to prowde a basis for wr opnion. In idenbfying and assessing Ihe risks or material rnisstatements in rèspect of irregularrties. including fraud and non- Complian with laws and regulations we considered the following.. The nature of the ¢h8rily, the trnvironment in which it operates and the control procedures implemented by manayemenl and the trustees,. and Our ènquiries ol management and trustees about their identification and assessment of the risks of irregularities. Based on our understanding of the Ghaiity and the secloi in whi¢h it operates, we identified Ihat the principal risks of non- compliance wilh laws and regulations related lo, bul werè not limited tts,. Règulations and legislation pertinent lo the charity's operations,. and Thè charity's constitub"on. We considered the extent lo which non-compliance mlghl have a material impact on the accounts. We also considered those laws and regulations which have 3 direct imp8ct on the preparation of the accounts, such as the Charities and Trustee Investment Iscotlandl Act 2005. and the Charities Accounts Iscotlandl Regulations las amendèd) 2006. We èvaluated management and trustees, incentives and opportunities for fraudulent manipulation ol the aGwunls (including the risk of rnanagèmènt ovèrridè of controlsl. and detèrmined that Ihe principal risks were related to,. Posting inappropnale joumal entries
C.K MARR EDUCATIONAL TRUST 13. INDEPENDENT AUDITORS. REPORT TO THE GOVERNORS OF C.K. MARR EDUCATIONAL TRUST FOR THEYEAR ENDED 30 APRIL 2026 Audit response to the risks identlfled., Our procedures to respond to the risks identified induded the following., Gaining an understanding of the legal and regulatory tramework applicable to ihe charity and the sector in which it operates., Reviewing account disclosures and lesting to SUppo.ng docufflenlalion lo assess compliancè with provisions of vanl laws and wulalions described as having a direct effect on the accounts., Enquiiing ol management, trustees and legal advisor5 conceining actual and potential litigation ¢laims", Reading minutes of meetings of Ihose charged with governan., In addressing thè risk of fraud as a result Df management override of controls, lestiro the appropriateness of journal entries and other 8diuslmenls'. and. ev81ualing rationale of any significant transactions ihat are unusual or oulside the normal course of operalions. Journal entries lested in areas. such as, investments, credrtors and debloi5. We communicatè with thos& charged with govemance regarding, among other matters, the planned seope and timing tsf the audit and 5ignifi¢anl audit findings. inclulling 8ny siynrficanl deficiénci8s in intemal control that we identify during our audit. Because of Ihe inherenl limitations of an audit, there is a risk thatwe will not deted all irregularilies. including Ihc)se leading lo a material misstatement in the accounts or non-compliance with regulation. This risk incieases the more that compliance with a law or regulation 15 removed from the events and tr8nsadions reflected in the accounts, as we will be less likely to becorne aware of instances of non-compli8nce. The risk Is also grèater r6gardin9 irregularities occurring due to fraud rather than error, as fraud involves intentional COalMent. forgery. Collusion. omission or misiepresenlation. A ILJrth8r dÈscriplion of our responsibilities for thè audit of the financial statement5 is located on the Finan¢i81 Reporbng Council's website at,. htt '.lkn.frc.or .ukAibra Istandards-codes- laudil-assuiance-ar¥J*lhic51auditors- ie5 nsibililies-for-the-audil. This de5pIlo forms part of Qui auditorfs rtrport. Use of our report This report is made solely lo the charity's trustees, as a body. in aceordance with section 4411)lel of the Charitiès and Trustee Investment (Scotlandl Act 2005 and regulation 10 of the Charities Accounts (Scotlandl Regulation5 2CHJ6. Ovr audit work has been undertak•n so that we mighl state to the charily's Iruslees those matteTS we are required 10 51ale lo them in an audilorfs report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility to anyone other ihan the charity and the ¢h8ri1y's trustees as a body, for our au(Jil wort(, for this report, or for the opinions we have forrned. Wbg IAudf(l Limlted Statutory Auditor 168 Bath st81 Glasgow G2 4TP Date.. 30 June 2026 Wbg (Audill Limited is eligible for appoinlmenl as auditor of the charity by rtue of fts ellglbilty for appointment as auditor of a company under sedion 1212 01 the Companies 20C6.