Page I THE ROBIN LEITH 2(K)3 CHARITABLE TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES FOR YEAR ENDED 5 APRIL 2026 Reference and Admlnlstrative Detalls Scoth'sh Charity No: SC034148 Address: The White House 147 Whitehouse Loan Edinburgh EH9 2EY Trustees: The Hon. Mrs. Susan Mary Stevenson Peter David Stevenson Mary Flavia Stevenson (appointed l April 2026) George Dennistoun Stevenson (appointed l April 2026) Advisers: Solicitors Turcan Connell Princes Exchange l Earl Grey Street Edinburgh EH3 9EE Accountants Frmwork Ltd 7 South Charlotte Street Edinburgh EH2 4AN Investment Administrators Value-Trac Administration Broadgate Tower London EC2A 2EW Structure Governance & Management Deed of Trust by Peter David Stevenson and The Honourable Mrs. Susan Mary Stevenson dated 20th March 2003 and recorded in the Books of Council and Session on 16th April 2003. On l April 2026, Mary Flavia Stevenson and George Dennistoun Stevenson were appointed as Trustees. By Deed of Appointment dated 2nd April 2003 the assets of The Robin Leith Charitable Trust (an English Charity, reference 282785) were appointed to the Robin Leith 2003 Charitable Trust. ointment of New Trustees The power to appoint new Trustees is vested in the settlors during their respective lifets'mes providing they retain capacity to exercise such power. Page 2 THE ROBIN LEITH 2003 CHARITABLE TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES FOR YEAR ENDED 5" APRIL 2026 All Trustees are involved in the decision making process. Requests for funding are revlewed by the Trustees as they arise. The Trustees have assessed the major risks to which the charity is exposed, in Particular those related to the operations and finances of the Trust and are satisfied that systems are in place to mitigate the exposure to the major risks. There are no related party transactrons. Objectives and Activlties Ob ectives of Trust The Trustees are directed in terms of the Trust Deed to pay or apply the Income or Capital of the Trust Fund for the advancement of music, sport and academic education of children or in furtherance of such purposes, objects or institutions charitable in Law and in such proportions as the Trustees shall think fit. The Trust makes grants principally to support projects for young people relating to education, music, sport and health although they are not bound to maintain those lines of benefit. The Trustees may favour other areas of benefit if they wish to do so. Aims From the donations made during the year, the Trustees hope to encourage youth development through its educational grants, and social responsibility at home and abroad, from other grants. qq During the year the Trustees continued their support of charities involved in the areas of Community Development, the Arts and Health. Their principal concern is to focus funding on organisatrons benehtrng or promoting youth education and development although they also have discretion to favour other areas of benefit. Awards were lower this year as the Trustees wished to build up an income pool for use in a future period. The Trustees have adopted a policy of making donations to those organisations they feel require most support and whose purposes fall within the spectrum of the Trust Deed. Achievement and Performanc The value of the investments has increased by 1.0%. Gross dividend income for the year was £19,164 (2025: £25,936). The Trustees are satisfi'ed with this performance for the year. Page 3 THE ROBIN LEITH 2003 CHARITABLE TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES FOR YEAR ENDED 5 APRIL 2026 Flnancial Revlew The investments of the Trust have a market value of £977,312 (2025 £967,475) and there are net current assets of £22,577 (2025 £12,983) The Trust received incoming resources of £19,164 (2025 £25,936) during the financial year of which £0 (2025 £0) was in the form of donations and gift aid thereon by the settlor. Event income was £0 (2025 £0). Investment Poli In accordance with the Trust Deed, the Trustees have power to invest in such stocks, shares, investments and property in the United Kingdom or abroad as they in their sole discretion think fit. Until 9 August 2021, the Trustees engaged Vestra Wealth LLP to provide investment management services. On 9 August 2021, all of the non cash assets were sold and reinvested in units of Vanneck Defensive Fund. The Trustees, investment policy is geared towards a balanced return between capital and income. Reserves Poli It is the policy of the Trustees to distribute the income of the Trust in the form of grants or donations. It is anticipated that any surplus income at the close of the account would be distributed in the following year. The Capital fund is an unrestricted fund represented primarily by a series of investments. These are managed on an administrative basis by the Trustees. The Trustees have power to draw upon the fund in furtherance of the Trust's objectives whilst retaining sufficient funds to meet any commitments they may undertake. Page 4 THE ROBIN LEITH 2003 CHARITABLE TRUST GENERAL INFORMATION AND REPORT OF THE TRUSTEES FOR YEAR ENDED 5 APRIL 2026 Statement of Trustees, Responslblllties In Respect of the Accounts:. The Trustees are responslble for preparing the Report and the Accounts In accordance with applicable law and regulations. The Charities and Trustee Investment (Scotland) Act 2005 and The Charities Accounts (Scotland) Regulations 2006 (as amended) require the Trustees to prepare a statement of accounts for each fi.nancial year which give a true and fair view of the state of affairs of the Trust and of its results for that period. In preparing those accounts, the Trustees are required to follow best practice and: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the accounts" and prepare the accounts on the going concern basis, unless it is inappropriate to assume that the Trust will continue on that basis. The above noted legislation also requires the Trustees to be responsible for keeping proper accounting records which disclose with reasonable accuracy at any time, the financial position of the Trust to enable them to ensure that the accounts comply with the legislation. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees confirm that the accounts for the year ended 5th April 2024 have been prepared so as to comply with current statutory requirements, the Charity SORP and the Trust's own governing document. Approved of behalf of the Trustees, rustee Full Name Date Page 5 THE ROBIN LEITH 2003 CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the accounts of the Trust for the year ended 5th April 2026, which are set out on pages 6 to 10. 41 IA The charity's Trustees are responsible for the preparation of the accounts in accordance wlth the terms of the Charities & Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Ac and to state whether particular matters have come to my attention. 11 My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Inde endent examiner's statement which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44 (1)(a) of The Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the 2006 Accounts Regulations (as amended). and to prepare accounts which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended) have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Gordon Mavor ACMA Frmwork Ltd Address: 39 Bryce Road Edinburgh EH14 5LP Date: 11 j￿L9 2a26 Signed: Page 6 THE ROBIN LEITH 2003 CHARITABLE TRUST TH BALANCE SHEET AS AT 5 APRIL 2026 Notes 2026 2025 Flxed Assets Investments Current Assets Cash on Deposit Debtors 977,312 967,475 22,577 12,983 22,577 12,983 Current Liabilities Creditors less than 12 months (650) (650) (650) (650) Net Current Assets 21,927 12,333 979,808 Totsl Assets 999,239 Re resented b Capital Fund 999,239 979,808 999,239 979,808 All funds are unrestricted Approved of behalf of the Trustees, Trustee Full Name ftft* Fkngv, Date Page 7 THE ROBIN LEITH 2003 CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES TH FOR THE YEAR ENDED 5 APRIL 2026 ital and Income Fund 2026 Total 2025 Total Notes Income Resources 11 in Resou Voluntary Income Investment Income 19,164 19,164 25,936 Total Income Resources 19,164 19,164 25,936 Resources Expended Cost of Generating Funds Charitable Activities Donations (49,104) (7,683) (650) (49,104) (7,683) (650) (70,176) (7,476) (650) Fund management Fees Governance Total Resources Expended (57,437) (57,437) (78,302) Net Out Resources Before: (38,273) (38,273) (52,366) ther Reco Realised Gains Unrealised Gains/(Losses) edG ins Loss 57,704 57,704 72,659 Net Income Resources 19,431 19,431 20,293 Balance as at 5 April 2025 979,808 979,808 959,515 Balance as at S April 2026 999,239 999,239 979,808 All funds are unrestricted IA-Y. -/f* Page 8 THE ROBIN LEITH 2003 CHARITABLE TRUST NOTES TO THE ACCOUNTS l) Accountlng Pollcles The Accounts of the Trust are prepared under the Historical Cost Convention modified to include revaluation of fixed assets, and to comply with Trust Law, The Charities and Trustee Investment (Scotland) Act 2005, and The Charities Accounts (Scotland) Regulations 2006 (as amended). The accounts also comply with the Accounting and Reporting by Charities: Statement of Recommended Practice (revised 2005). Investments To comply fully with the Statement of Recommended Practice investments are included in the Balance Sheet at market value at the year end date, the unrealised gain or loss being recognised in the Statement of Financial Activities and applied to Capital. Net realised gains and losses on sale of investments are shown in the Statement of Financial Activities. Inve nt V lunta In Investment and voluntary income are included in the accounts in the year in which they are receivable. enditure Expenditure is included in the accounts on an accruals basis and recognised in full as soon as any obligation arises. Governance and Su ort Costs Fees charged by Frmwork Ltd for accounting services are included in the accounts as follows: Governance (Accountancy Costs) - IOOOA These are recorded in the Statement of Financial Activities and are allocated on a 50.50 basis between capital and income. All other governance and support costs are recorded in the Statement of Financial Actrvities as appropriate. Governance and support costs are not allocated against individual grants or donations. Grants authorised to be paid in respect of the accounting year or future years are provided for in the accounts in the year in which they are authorised. The Trust is not registered for VAT purposes and all VAT incurred is therefore irrecoverable. Where applied, VAT is included as part of the expense. 2) Debtors Less than 12 months HMRC. Gift Aid Recoverable Page 9 THE ROBIN LEITH 2003 CHARITABLE TRUST NOTES TO THE ACCOUNTS 3) Creditors 02 Less than 12 months Frmwork Ltd 650 650 650 650 4) Investment Income 2026 2025 Dividend Income Bank Interest 19,005 159 25,819 117 19,164 25,936 5) Charitable Donations 2026 2026 Citizenship & Community St John's Episcopal Church Thrive at Five 23,104 5,000 28,104 Arts, Heritage, Culture or Science Quorum Arts Collective Aproxima Coigach Heritage New Opera In Scotland Events (NOISE) 1,500 9,500 5,000 5,000 21,000 Totsl Donations: 6 (2025: 11 Donations) 49,104 Page 10 THE ROBIN LEITH 2003 CHARITABLE TRUST NOTES TO THE ACCOUNTS 6) Trustee Expenses No fees or expenses have been paid to the Trustees (2025 Nil). All Trustees act gratuitously. The Trust has no employees (2025 Nil). 7) Governance Costs Accountancy 650 650 650 650 8) Investments Market Value of Investments at 01104/2025 Management Fees (Support Costs) ' Disposals Unrealised Gain on Revaluation 967,475 (7,683) (40,184) 57,704 Market Value of Investments at 31/03/2026 977,312 Historical Value of Investments at 3110312026 734,600 Holdings exceeding 5% of portfolio by value as at 31° March 2026 Vanneck Defensive Fund 977,312 Management (or Fund) Fees are 0.79% of the fund based on the average net book value for the year. The Unrealised Gain (or loss) for the year takes this figure into consideration. 9) Related Party Transactions There are no related party transactions.