WELSH FAMILY TRUST TRUSTEES, REPORT and ACCOUNTS For the year to 5th April 2026 Sc'otti.¥h <"I￿rIty Nmbgr.. S('0332%2 PnwiwlAddre&¥.' c OJ￿5A. wel￿ Ik￿￿1￿ 4Kirkkwtht"IIR¢**l Kittiemwir Anxu5. DD8 4HU Tel.. 0773J083743 WELSH FAMILY TRUST Trustees'Annual Report and Accounts for the year ended 5th April 2026 Scottish Chanty Number." SC033282 Princip41 addre clo Jame5 A. Welsh. Dalfruin. Kirktonhill Road. Kirrimuir. Angus, DD8 4HU Current trusteex Miss Vivi¢nA. Welsh Mr James A. We15h Mrs Ellen M. Welsh Mrs Ivy A. MacKintosh. nee Welsh Governing document The Welsh Family Tntst is a chan'table Trust whose Declaratton of Trust was signed on 28th June 2002 and was registered at Edinburgh in the B(x)ks of the Lords of Council and Session on 8th July 2002. The Trust wa5 estsblish¢d by Vivien Ann Welsh and James Alcxander Welsh ￿th Estste Iransferred from the Mary P. L. W¢lsh executs). and the William E. W¢lsh Tn￿L Appointment of Trnslees The Trusl¢¢s are as stai¢d in the Declarntion of Trust and amended in the Deed of Assumption and Resigination registered in the Registers of Scotland on 14 De¢ 2(K)5. Charitable purpoxl The Trust Deed states that the Truslees hold the Tn￿1 Eslate and the income th¢r¢of for 'charitable purwses. within the context of Sections 505 and 506 of the Income and CortX)Tation Taxe5 Act 1988 as amended from time to time or any subsequeni re-enactment thereof. Without pr¢JudicinLi the forgoing generality and without reslriclinby the Trustee5 the dLed gives as a guid¢ thal this be for th¢ purwses of Youth DevelopmenL Education and Advancement either individually or within gFroups locallv or nationally within Scotland. Mentsj Hvdlth. Local, National and Int¢rnational Aid or Appeals or support for Social. Cultural. Historical and Antiquarian projects and apFKals either locally or nationally within Scotland. Funds distributed During the year the Trust has distributed £23.500 as follows: £ l.O(M) to Ruihv¢n Music £1 1,000 to Erskine Veterans Charity £5,074.18 to the NTS Haddo House Dinn¢r Swice Conservalion £7,(KX) to Kirri¢muir Day Care for Dining Room Tables & Chairs Scottish Charity Number. SC033282 Page I £3.5 to British Heart Foundation to The Arckn'e Foundation Trustee remuDergtion and eipenses The trustees did not receive any remuneration OT ex￿nseS during th¢ year. R£4erve8 The Expendable Endowmcnl consists of shares valued at £924.147 and £56.591 in bank accounts. At the Clo￿ the balance in the unrestricted funds available for distribution was £7097. The F.xpendable Fndomineni generat¢s the income that th¢ truslees are able to distribute though th¢ Irust deed do¢s allow th¢ trustees at their discretion io distribule some or all of th¢ EXI￿ndable Endowmeni for charilable purw)s¢s I'hroubyhout lh¢ year the trustees consider rqucsls for help and also distribuie to other worthy causes within the ¥uid¢linLS of the Trust Deed. Th¢ Iruslees plan that ihere will be reserves available for distribution when required but the amount available ai any tjme wll vary de￿ndIng on requ¢sts for fundinbj already byranted. The accounts for th¢ year to 5th April 2026 are attached and fomi Furt of this re￿rt. This rewrt was approved by the Tn￿teeS on 6th July 2026 Approved by the Trustees and signed on their behalf. James A. Welsh Trustee Date". Scottish Charity Number.. SC033282 Page 2 DMDBMt IWVESYÉC E*FW 1117ERUT ORUMtrK¥*ffitsip4TONSIMTEftEsr $￿pY014 •) DAY lK)T¢EA¢CC￿J￿T INLAMO REVEPIUE- TAXREFIJ¥D .YX77 2•rnfA 37 4•7J 14 118* 16734 PORTFOLV WAIV￿£￿teNT FEE. Ihi*tsTEC FxC￿E 710 Y.10 i*Ji.7P Im)tyJ IOJYA).IX) Jxoj GIFT PC¥1 *￿PE¥r*inE￿￿￿ER P483 Y￿1 t¢ EQWP r*0• 24AD 14*52 12 11.8>)79 I￿4￿3 4.177 2• tom Z41J2 2••2 4J 5.042.)7 1.75J Jp￿￿￿ 4.1SlJO EQV R•b* F•b21 Dkno•0 Pk 7.•7111 Ji ro) 702• 10#* ty•)rx+ 2.7n 8J414 PgJe 4 B•J¥tAWJcA￿*b1Il Y•tsbJ I.￿.￿ É £ ￿054* SURPLUS 63# 2A,n445 2.227 IJ ¢W14 24.OJYAI lJ)J. T•X ItE¢LAM DVÉ Paje 5 AKETWLIJE 17.411 21.310 1&14S Jt JUFYTER 31.4$7 P*ST SEMTIEfl GReEf*oATVXV4IItsPiC $1 104 16.04 *74) RK)TIMTO PIZLOAO EXFERI $12 7.11 UN￿EVER TRAzeNE •J77 21> 12 RELX 32Jl 7281 L￿1¢￿1 IXC VDENTLIL E ¢MOiIP FV IIGMT UK LTO EIIIX IUNO SERVW.¢iieivEfvVOW UXEQIM 7,015 271 27.llj I*IYI•ELLOtI GOL tKvMtD FTSE￿1 *J.7•1 44.197 i$.1 IMVESCOeUftPÈ4 OUINNESSLWFI t¢￿)1￿ 7T4$ RTEM¢& 2J127 JftLWDE MÉALTbUIE TRUST ta EMTERPR*E TIIAT Ae IA4RKETVALVE*knl 1 B•*¥ Pa3e 6 oscr OfTice of ts Scottish Charity Regulator Independent examiner's report on the accounts Roport to the trusteesl Chwty n•me mombors ot WELSH FAMILY TrUST R•glstfrrgd charity number SC033282 On th• accounts of tho cha￿ty for the perlod Poriod start date Period erKI dal M￿th Yew APIIIL APRIL 2021 Set out i)n pa908 Irtyi*Tr*wbJ IndLKl• tr• F•ll• RespectSv& The charity's Irustees are reSp(￿sIble ftr the weparation of the aLxwnts In accLJrdanca r••ponsibllltles of with t￿ lenns of Its Charittes and TrL*slee Inve$¢ment (Scotlandl 2CQS Act and th& trustoos and examln•r Charities AccoLnls (Scot￿￿￿) Rewlations 2(￿6 The charity Injsiees consider that the audrt requifamenl of R￿ulatIon 1011) {d} of the Accounts Regulations do8s not apply. It 1$ my respon$ibilrty lo examin• the accounts as required under SeCt￿n 44111 Icl of the Act and lo state whethw Part￿Ular matters have CL￿8 lo my attention Bas18 of independent My exarninath￿ 1$ carr￿ out in accordance with Regulation 11 of tho Chanti88 oxamin•r'• •tat•m•nt Ac¢ounls Iseotlandl Regulat￿1$ 20C6. An examinalicn Includes a review of the accounting records kept by tho ctsty and a comparison of the accLNJnls pre$enl8d wrth thosè r•cords. 11 also Includes Cons￿¢ration of any unusual rtems or disclosures in the aC￿UnIS and s88k$ •xplanation$ frryn the Iruslee$ conceming any such mall8r$. The pro¢8dures Und*rtak￿ do Th)1 provide all the 8vidence that would be required In an audrt and, consequwrtty, I do rnt e¥press an audrt opIn￿n on the att)me Io Y(￿ attenti￿ on Ihe page. Disclosure section Only cOM￿ete rf Ihe examiner needs to h￿hlIght rnaterial problems. Give here brtef details of any items that the examiner wishes to disclose