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Docusign Envelope ID: A199F FCE-6FF0-4691-B099-BE9C146EBDBA

SPIFOX (SCOTTISH PROPERTY INDUSTRY FESTIVAL OF CHRISTMAS) SCIO

TRUSTEES’ ANNUAL REPORT

for the year ended 30 June 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charity SORP 2019 (FRS 102);

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVAL OF THE REPORT

This report was approved by Trustees on 3 February 2026 and is signed on their behalf by:

5

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Docusign Envelope ID: A199FFCE-6FF0-4691-B099-BE9C146EBDBA

Independent Auditor’s Report to the Trustees of Scottish Property Industry Festival of Christmas

Auditor’s responsibilities for the audit of the financial statements (continued)

We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

• ° Enquiry of management and those charged with governance around actual and potential litigation and claims;

• ° Enquiry of charity management and those charged with governance to identify any instances of non-compliance with laws and regulations;

• ° Performing audit work over the risk of management override of controls, including the testing of journal entries and other adjustments for appropriateness, evaluating the rationale of significant transactions outside the normal course of the charity’s activities and reviewing accounting estimates for bias;

• ° Reviewing minutes of meetings of those charged with governance;

• ° Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

Because ofthe inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of the report

This report is made solely to the charity’s Trustees members, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulation 2006. Our audit work has been undertaken so that we might state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees members, as a body, for this report, or the opinions we have formed.

MHA Statutory Auditor 6 St Colme Street, Edinburgh, EH3 6AD

3 February 2026

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number 0C455542)

MHA is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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Docusign Envelope ID: A199F FCE-6FF0-4691-B099-BE9C146EBDBA

SPIFOX (SCOTTISH PROPERTY INDUSTRY FESTIVAL OF CHRISTMAS) SCIO

BALANCE SHEET

at 30 June 2025

		2025	2024
	Notes	£	£
Current assets
Debtors	9	-	34,598
Cash at bank		747,861	573,854
		747,861	608,452
Creditor: Amounts falling due within one year	10	(336,569)	(282,646)
Total assets less current liabilities		411,292	325,806
Net assets	11,12	411,292	325,806
Funds ofthe charity
Unrestrictedincomefunds	11,12	411,292	325,806

The financial statements were approved and authorised for issue by the Board of Trustees on 3 ere signed on their behalf by:

The notes on pages 12 to 17 form part of these financial statements.

10

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