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(fv￿elS 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 Me￿1￿@ Appointed by the Presbylery ofAyr Appointed by the R. C. DI0￿Se of Galloway Appointed by the University of Edinburgh Appointed by the University of Glasgow App￿nted 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 clerks￿1￿a$UrerSIS0lIeltor8 David A. Stewart & Lauren V. Mccal 1 Howard Street Kilmamock KA128W Bankers Thè Royal Bank of Scotland p1c 69 High Streèt Irvine KA12 OAL Stockbrokers Ralhbones Group plc George House 50 George Squarè Glasg(yw G2 1EH Auditors wtKJ (Audrtl Limited 168 Bath Street Glasgow G2 4TP Charlty and Tax Reference Numbers SC016730 CR31999 AdmIni$￿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 I￿r pla￿S 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 ap￿InteeS 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 corp￿te. The objective of the Govemiro Body is the edui*lional 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, inte￿st, 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 bu￿aries, scholarships and other grants which are nomially covered by the amual income oflhe Trust. The invèstmént pDrtfdio is kept under reV￿W 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 Mee￿ng$, 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 indi￿ldUS1 slud8nts but there have been fewei s￿h 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 aC￿r￿an￿ ￿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 c￿lege 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 fi￿ar￿eS 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 Un￿5$ 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 saf￿￿2rding 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 Di￿10$ure to the Audltor In so far as the Governors are aware.. there is no relevant audit information of which the trust audftor is unaware", and the Governors have taken all steps that they ought to have taken to tnake themselves aware of any relevant audit Informal￿n and to establish that the auditor is awars of that information. Aud￿Or8 A ￿$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 $03,688 3,721 541.371 8,656 650 409 596.235 EXpendIlu￿ on: Charitablo a￿VI￿￿- Edu¢atlonal Eclucab'onal Re30urce$ Cgntrg 43.750 Grants to Indlvldualg se￿On 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 Mis￿lIaneOUS 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 EXp9ndl￿Tr ot7: Charllable AellvkUo8 Bursaries Total expendlturo 7,560 7,￿0 5.250 5.250 Not l•xp*ndriur*Vin¢¢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$•ts 15,601.165 12,617.493 Funds of the TN6t Oesgnated Capital accounts Unrealised appreuats'on on inve51ments Revenue accourts 9.741,363 4.331.289 1,528,513 9.675,399 1,607.6fj1 1,334,433 15.601.165 12.617.493 Approved by Govemors on 30 June 2026 and signed on their behalf by Francis Mccrossin Govemor The notes on pages 710 9 fom part ofthese ac£wnts C.K. MARR EDUCATIONAL TRUST NOTES TO THE ACCOUMTS FOR THE YEAR ENDED 30 APRIL 2026 Accountyng Polidos Genèral The accounts have been prepared under the historical cost convention with items reccgnised at cost or transaCt￿rn value unless othewise staled iri the ielevant notelsl lo these awjunts. The accounts have been prepared in accordance with the Statement of Recommended Practice.. Acuunling and Rep)rting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1Q21, the Charities and Trust8a Invastmènt Iscotlandl Aci 2(M)5 and the Charities Accounts (Scotlandl RegulatKbns 2006. Tha trust constitulas a public b8nèfft èntity as d8fined by FRS 102. The financial statements are prepared in sledlng, which is the fvnctional curren¢y of the company. Monetary arncmjnts in these ftnancial statements are rounded lo the neaiesl £. Funds Structure Unrestrictéd in(x>mè funds eomprisè IfK)sè funds which th8 GoverTh)rs are free to use lor any purpose in furtherance of the charrtable objects. Restrict8d funds are funds which are to be used in accordance with specrfic restrictions imposed by the dcfflor. Investments Investments are staled al matket value. Any In￿ase$ or de¢￿ase$ in value are ¢￿d￿tell 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¢