Reglst•rod Ch•rlty Numbor. SC019799 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 318T MARCH 202S FOR THE 8PURGIN CHARITABLE TRUST SPURGIN CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31ST MARCH 2025 Pago¥ I to 2 Roport of th• Ind•p•nd•nt Examln•r Pag• 3 8t•t•mont of RK•lpts Ind Paym•nts Pago 4 StatThnt ol Bal•nc•• Nots• to th• Accounts P•g• 6 Page 1 SPURGIN CHARITABLE TRUST TRUSTEES. REPORT The trustees present their report IL¥ether vAlh the a¢¢ountS and independent examine¢s report for Ihg year ended 31st March 2025. REFERENCE & ADMINISTRATIVE INFORMATION Charlty name Spur9in Charitable Trust Charlty numbor SC019799 Charlty prfnclpal address 31 Fountainhall Ro•J Edlnburgh EH9 2LN Truste•s Lucy Richardson Malcolm Macmdlan Accountsnts Fergusons Charte￿￿ Accountsnts 24 Woodside Houston Renfrewshlre PA6 7DD Investm•nt manag•rn Rathbone Investment Managemenl George Hc4Jse 50 George Square Glasgow G2 1EH STRUCTURE GOVERNANCE & MANAGEMEpir Govemlng documgnt The Gharity 18 controlled by its 9oveming document. a deed of trust. and constitutes an unirKorpor*ed ¢h8rity. The charitable trust was created by Mrs Fr¥nca8 Clare Spurgln under a deed dated 26 Mar¢h 1962. The trust pemits a wide range of tharttable donations at tho discretion of the trustees. Appointment of trustees is made in accordance w￿h the temis of the t￿t de8d and In aaccrt?n￿ with exlsting truste88 dL8cretk>n. Twstee r¢crultment OBJECTIVES AND ACTivmES Objoctlves and alms The objeclNe of the Is to distribute. on a year to y¢ar basls. its Income after expenses by way of charitable gimng. Reserves are held to enable the trustses, al their discretion, to di8lribLrte amount8 In excess of income less expensos. Pagg 2 SPURGIN CHARTfA8LE TRUST TrUSTEES' REPORT ACHIEVEMENTS AND PERFORMANCE Charltable aGllvitie8 The trustee8 V*pre pleased to con$tder the funding of variou$ applkalions by individuals and charitable organlsations. Invostment perfornwnc• There wa8 a d¢xnward rerdluation of the trusls Investments by £54385 a5 at the period end. However, the trustees cOn￿der that the trust hag sufficrent and inve$lment81o meet all it8 ¢ommltsnents. FINANCIAL REVIEW Res•rve8 pollGy Iru8t malntsins Suffictent reserv6$ to allow it to genèrate an appropri*818vel of income to f￿d ts charm8b￿ givin9 over tha longef lem). Investment poll¢y and oblectives The trust holds an Itwestsnent portfollo wh￿h the trustees have deemed sufficiont and appropriate lo support its charitable grving. The day to day running of the portfol¢o is delegated to the trusV$ investmertt adwsers. The tN$tees, h¢Jwever, retaln overall control. FUTURE DEVELOPMENTS Future plans and commllments To continue the pollcy of fvnding indivmluds arKI Gharitie8 at the disGretion of tha trustees. DECLARATION The trustses declare that they have approved lh8 trustees, report above. Signed on behall of the charitls Iru$tees. Lucy Rtchardson Trustee 8th December 2025 Page 3 REPORT OF THE INDEPENDENT EXAMINER SPURGIN CHARITABLE TRUST Charlty no: SC019799 Independont Examlnefg Report to the Trustoes of th• Spuryln Charltable Trust I report on the financial statements for the year ended 31st March 2025, whlch arn set out on pages 4 to 6. Respectlve responslbllftles of trustses and examlner Th8 charity's trustees are responsible for the preparatThof the accounts in accordance wlth the temis of the Charities and Trustee Investment {Scodand) 2005 Act and the Charf￿es Accounts (Scotlandl Regulalty)ns 2006. The charity trustees consider that the audit requirement of Regulation 10(11 Idl of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 4411) (cl of the Act and to stale whether particular matters h8ve come to rny attention. Basis of Indep8ndent examlnor's statwnent My examination is carried out In a¢cordan¢e with Regulation 11 of the Charfttes Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparfson of the acwunts presented vAth those records. It also includes eonsideralion of any unusual items or disclosures in the accounts and seeks explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audlt and, cons4uently. I do not express an audit opinlon on the aco)unts. Indepgnd•nt examlnof$ 8tatem•nt In the coutsé of my examinat￿. no matter has o)me to my attention:. 1. whtch gives me reasonable cause to believe that in any material respecl the requlrements: to keep accounting records in accordance with section 4411) {a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulatlons, and . to prepare accounts which accord with the accounttng records and compty with Regulation 9 of the 2006 ￿COUnts Regulatrjns have not been met, or 2. to which, in my oplnion, attention should be drawn in order to enable a proper understanding ofthe accounts to be Radled. James Feryu8on CA. Relevant Prof¢88lonal qualifi¢o¢lonl professional b￿1￿. T￿ Instltute of Chortored Accountgnts of ScotlarKJ 24 Woodside Housion Renfrewshire PA6 7DD 20th Docomber 2026 Page 4 SPURGIN CHARrrABLE TRUST STATEMENT OF RECEIPTS AND PAYMeNTS FOR THE YEAR ENDED 31sr IAARCH 2026 SC019799 Unr¢9trk￿ ￿ndS 2025 2024 Recolpts Donations Legxies Grants Receipts from fundraising acts Gross trading receipts Income from wivestrnwbts ethw than LQTMI arKI buildings Rents from land & buibswg 18,862 19.596 Subtotsl 18.862 Recelpts ftom ass•t and Investmert sths L￿nS received by the charity Repayment of loans due to the chariiy Proceeds from sale of tsed assets 167,112 167,112 69.332 69,332 Subtotal Total recelpts 88.928 pa￿￿ts Expenses for fUndraiS￿￿j Xbvibes Gross trading payments Investrnenl management cx)sts Grants arbj donations Govemance c(Ists IrKfépendent examinatic Prepara￿￿ of annual a¢o)unls 21.$20 21.OCKI 197 197 Subtotal 28,648 27.886 Payments velatlng to assot and inv•¥tm•nt movemwts Loans m* by ts charity Repayment of ￿Jan$ due byfv d)arty Purchases of f￿ed assets 161.280 68.150 Subtotsl 161,280 68.150 Total payments 189.928 Suwus I Ideficft) forJ•flod 38S4 ,108 Page 5 SPURGIN CHARITABLE TRUST STATEMENT OF BALANCES FOR THE YEAR ENDED 31ST PIARCH 2025 8¢019799 Unre8tr1C￿ funds 2025 2024 Cash Funds C•sh and 8artk bal8nc•8 at tho start oftho p•rfod Surpluo l (deficitl lorJ•rfod ghown on M¢¢ and paymants accJJunl ¢￿h and Bank b•lan¢M at th• end ofth• portod 12,149 19,267 Inv•8tmont8 Market Vall￿ of Inv08tments C081 of investments 003,731 S25 439 514.621 Oth•r uset• Other 888818 Llftbllltle8 Lllbllilles duo by tho charly Tho nol•• on pa90 6 fom part of1trffj80 account•. Approvod by th• Tru•l••• and 8lgn•d *)n Ihelr b•haW Lucy Rlchwd•on Trusteo 8th D•c•mber 2026 Page 6 SPURGIN CHARTfABLE TRUST NoteB to tho A¢¢ounts 1 Basls of prnparallon of a¢counts The accounts are prepared in aCt0rdar￿ Ihe Charilies and Trustee Investment (Scouand) Act 2Crf)5 and the Charibes h£counts Iscouand) Regulations 2006. The accounts a￿ prepared on a receipts and payments basis. Bank fvnds held by the trusfs stockbroker are induded in cash baLqnces. 2 Fund accounllng Unrestricted funds can be used in a(xx)rdance wilh the charitsble objectsV￿ ai the discretion of the trustees. The trust onty holts Unrestric￿ fuThJs. 3 Grants 2025 2024 Number Aggregate of grants made to: InstilutM)ns 12 21,520 21,CY)O 4 Related party tr¥n•action8 No remuneration was wd to the trustees or persons O￿nected ￿ty1h them during the year No expenses were pwd to the trustees or pemns connected with trem during the year