THE INNES TRUST TRUSTEES, ANNUAL REPORT AND ACCOUNTS YEAR ENDED sfH APRIL 2(r26 CHARITY NO SC027556 PETERKINS SOLICITOFIS 1(KI UNION STREET ABERDEEN A810 1QR MH1151&1 THE INNES TRUST STATEMENT OF RNANCIAL ACTMnES for the YEAR to 5th APRIL 2026 Incoming r•sources Notes 2L725 Investment I￿oMe - Dwidends and interest nel 2.565.85 2.264.79 TOTAL RECEIPTS 2.565.85 2.264.79 R•source• Expended Costs of Generating FuThYs - GOverna￿e Costs Charitable Activities - Donation 240.fy) 222.(N) 240.C 222.00 2,C￿. 1.800.CM) TOTAL RESOURCES EXPENDED 2,462. 2.262.O) Net outgoing resource8 103.85 2.79 Reaised Investment Gans Net movement In lunds 103.85 2.79 Tota funds al 6th April 2025 60.893.91 60.891.12 Totd funds at 5th April 2026 60,997.76 60.893.91 Cash Balanc•s 2025 Net income in cash for the year 103.85 2.79 Cash balance brought forward 35.411.39 35.408.60 Cash balancg carrie(I forward £35,515.24 £35.411.39 The staiemeni ol financial aawities includes all gaffts arKI ￿SSeS for the year All l￿dS are unr8Strict8d and derive from continuing activit*s THE INNES TRUST BALANCE SHEEf as •t 5th APRIL 2ty26 Notes 2025 al cost al cost Flxod Assets- Investmenls- Market Value £71.371.93 1£66.623.47 in 20251 52.135.87 52.135.87 Cash al Bank 8.861.89 8.861.89 8.758.04 8.758.04 Nel Current Assets 8,861.89 8,7S8.04 Totsl Assets less Currnrrt Liabililies 60,997.76 60,893.91 Funds Total funds hekl at 6th April 2025 PS),893.91 60.891.12 surp￿uSI(DeflC1l) for the year 103.85 2.79 Total funds hebj at 5th April 2026 ,997.76 60,893.91 Approved rustees and signed on th8ir behalf by.- Truste Dale THE INNES TRUST NOTES TO THE ACCOUNT F￿ the Jear to 5th April 2026 1 Accountin Polici8s Th8 Accounts are sel out so as lo comply wtth the Charities and Truste8 Investment Iscollandl Act 2LN)S and the Charity Accounts {ScollaTrJl RegulatK)ns 2( 2 Diwdends and Interest 2025 Nel divideTrJs and inler8sI Irom sharehoklings (note 61 Bank deposil interest 2,432.07 133.78 2,56S.85 2,069.76 195.03 2.264.79 3 Inv8Stm8nt Mana ement C Is 2025 Stockbrokers. portfdio management tees 240. 240. 240.00 240.IJ) 4 Governar￿e Costs 21Y25 Audit fee- Tawse & Partners 222.¢J) 222.C 222.00 S DonatK)n 21Y25 North East of Scodand Musrc School 2,000.00 1,800.00 THE INNES TRUST NOTES TO THE ACCOUNT Icontd) 6 Inv At 14r26 At 514r26 Market Value Nel Dividends Holdin Experian pk Ord Shares 1,494.04 1,494.04 15.603.84 285.42 BT Group plc Ord Shares 235 2.381. 235 2.381.9) 507.84 19.30 Shell plc Ord. Shares 172 3.019.1S 172 3.019.15 6.094.82 185.35 Shifes Income pl¢ Ord Shares 2.1￿ 8,996.99 530.25 Aberdeen Equity Ir￿oMe Tnlst 1,552 8,996.99 6.130.40 Aegon Sterling Corporate Bond Furul Income Shares Iformèdy Kames Capital) 25,365.65 7,248.42 25.365.65 7.248.42 7.556.43 315.81 Scottish & Southem Energy pk Ord Shares 170 2,342.02 170 2.342.02 4.637.60 109.48 Alliance Witan Ord Shares GBPO.025 I.￿ 13.637.01 1.￿) 13.637.01 15.964.00 368.16 JP MonJan Golbal Growlh & IruKne Ordinary Shares GBPO.0S 2.7(K) 13.016.34 52.135.87 2.7(Ki 13,016.34 52,135.87 14,877.1)0 618.30 71.371.93 2.432.07 Investment Additions and Di osals Cost Addition Proceeds Gainl{Lossl n sale Dis THE INN TRU 27556 ANNUAL REPORT YEAR ENDED 5- APRIL 2026 Trustees Alan John Innes, 90 Cromwell Road, Aberdeen. A815 4UB Audrey Margaret Gerrard Innes. 90 Cromwell Road. Aberdeen. ABIS 4UB Barbara Lena McFarlane. 5 Burns Gardens, A815 4PW Peterkins Trustees Limited. 100 Union Street. Aberdeen. ABIO IQR Solicitors and Secretaries Messrs Peterkins, 100 Union Street. Aberdeen. A810 IQR Bankers Bank of Scotland plc. 48 Upperkirkgate, Aberdeen, ABIO IBA Stockbrokers and Investment Mana Miller & Co Investment Management Ltd. 14 Queen's Road. Aberdeen, AB15 4ZT ers Inde endent Examiners George C Brown. Tawse & Partners, Chartered Accountants, 18 North Silver Street, Aberdeen, ABIO IJU Structure Govemance and Mana ement The Trust was created by Deed of Trust of Alan John Innes. Solicitor, residing at 90 Cromwell Road. Aberdeen. dated 231d October 1997 and re8iStered in the Books of Council and Se55ion on 24 October 2001. The Trust Is a registered charity in Scotland and does not actively fundraise. The Trustees were appointed in the said Deed of Trust. The Trust portfolio is monitored on an advisory basis by Miller & Co Investment Management Ltd, Stockbrokers, 14 Queen's Road, Aberdeen. AB15 4Th. The capital is invested largely in stocks and shares. The Trust portfolio is monitored by the Stockbrokers who provide regular reports and valuations for the Trustees. These reports form the basis of investment decisions. Trust Pur Oses and Ob'ects In the aforementioned Deed of Trust the objects of the Trust are stated to be (11 the furtherance of the musical education of children or persons under 25 year5 of age in the City of Aberdeen and. in particular. those in financial need,121 the provision of financial a551Stance to the poor or the elderly or the homeless in the City or County of Aberdeen. 13) the relief of the inhabitants of any country, in particular the inhabitants of Third World countries who are suffering poverty or hardship,141 the relief of suffering in animals. and 151 the making of donations for such other charitable purposes orto such other charitable bodies as the Trustees may decide. The Trustees have powers to invest the Trust Fund in any manner which they think fit and to pay or apply the net income of the Trust Fund and any part of the capital in their absolute discretion in furtherance of the objects of the Trust. Trust Activities The Trustees meet annually to approve the Annual Trust Accounts and to dÈtermine the award of Grants. The amount paid in Grants duringthe year amounted to £2,000 (£1,800 in 20251. The Stockbrokers investment recommendations are considered by the Trustees as and when they are received by the Secretaries. Reserves The reserves at the year-end totalled £60,997.761É60.893.91 in 2025) and represent both the capital and revenue balances. Approved by the Trustees and signed on their behalf by:_ Trust Dat APPENDIX 3 OSCR Scollith Charily Regulalor Independent examinerfs report on the accounts Report to Iho Charity name truste8slm•mbeTS of The Innes Trust Reglslered charfty SC027556 number On tho a¢¢ounts of the ¢harfty for tho pfrrfod Period $W date Period end date Month Ye 2025 to 2026 S•t out on pag•s {￿9mb&T toinctyAe the pa RgspectiV• The charity's trustees We resp￿SIble for the preparation of the accounts in accordance responsibililie5 of vrith the tenrts of the Ch*rhes and Trustee Investment (Scotlandl 2005 Act and the trustees and examinor Charities Accounts {Scolland) Regulations 2006. The charity Iruslees consider that the audit requirement of RegulalM)n 10{1) (dl of the Aec(NJnts Regulations does not apply.11 is my respMsibility to examty￿ the a¢¢ounts as ￿qUired under section 4411 > Ic> of the Act and to stale wl*ther particul¥ mallers have come lo my attention. Basls of Independent My examinalKin ts ￿rrIed ¢￿t in ac(xfdance *rylh Regulatb)n 11 of the Charities examlnerf8 Statement Accounts {ScotlarvJl Regulations 2006. An examination a review of the aC￿)Unting record5 kept by the charty and a compari50n of the accounts presented with those records. It also indudes (￿SIderatiOn of any unusual items or disclosures in th8 accounts and seeks explanatN)ns from the trustees conceming any such rnallers. The procedures undertaken do not provKle all the evKJence that would be required in an audrt and. consequently. I do not express an a￿111 opinion on the accounts. Independont examlnerfs In the c￿r$t of my examinat¥)n, rn matter has ￿ne lo my attention letkeFtk $tat¢m•nt thi¢h gives me reasonable ￿USe to bdieve Ihat in any malerial respect the requirements.. to keep a¢¢ounling re¢¢Kds in ￿daD￿ wilh section 44{1) (al of Ihe 2005 Act and Regulation 4 of the 20￿ Accounts Reg￿31&On$, and lo prepa￿ a¢counls which accord with the accountiro records and comply with RegulatiM 9 ofthe 2006 Acownls Regulalb)n$ have not bem mel, ¢r 2. to in my opinim, attenth)n sh￿Id be drawn in Order lo enable a proper understandirvj of ￿CoUnts lo be reached. Dal•: Slgned: Nam•: George Brown Relevant professional qualrfication(s) or body Institute of Chartered Accountants of Scotland 3-b.lb Address: Tawse & Partners 18 North Silver Street Aberdeen ABIO IJU 'Please the ￿dS th thÈ&w*ets li tr*wds th*•AI. 58t ¢xl lI￿t rnaiters have c•me to your attention on th? follovArKJ po98.