Charlty ￿￿￿tIOn SC037183 (scotl*￿j WEBSTER CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 WEBSTER CHARITABLE TRUST CONTENTS Pag• lTh*pw#Jont exammrfs rep(xt Stthmert ol Note8 to tha fin￿da1 WEBSTER CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR EPJDED 31 AIARCH 2025 Th• tnMte88 pr•Mntthw f•Ptyt *xth• yw •nd•d 31 Man* %Y25. financial 8tatern￿ts and comrty with th8 eharitis gownng dDwm•nt. lh8 char￿￿8 Trust88 IrN8strnant (Scofj8nd) Ad 2005. thè A¢coLftts {ScrJJand} RewlJti(m 20￿. FRS 102 YhEJ F1nmCk￿ Reportng Skndard aP￿KabI0 in tho UK R•publc ol IreLvKf' and charl￿ Sl)RP 'kwJnthig and Repo￿ry by Chari¢*•.' St*tsm¢nt of R¥¢on￿Ond￿ Pmth¢• opplKable to w•pttrirvJ I1￿1r o¢yMrt• ith Fmanraal R&x)￿.nQ Star)daftl in th@ UK 4nd RepLI)k d IrelwKI IFR8 1￿).. Otsl•¢llv•• and a¢lfvlll•• Th• purpose of the suprbxt ¢)th•f Seothh ciiaiittèj puw•# thj rèhal ol powty.. pThwn of ass¢tan(* to thoBe in nped through age. Iltheatth. di3abillty, ffiw(a•l h¥d#￿I or othgr th"sadvant4e." provwn Of£th￿Th0n thg s porbry of d8V8k)pm8 AchlavemeTr18 and porfonrn*nc• The truste85 hrn mBt cm two oGrask•n¥ dwlng yeai. Tr IpJslees agrBe(I lo make *)Ury•lry donatlons, £5CKI * Easlom Arnatour Cog5ts1 Club £10.CW t¢ Th•f•Prt £15.0￿ ￿ Snw C•mp. £10,OlXI to Str•thmtY• C(xnmunty Rugby TrusL £825 to Artyoath PenlaNue Cl￿, £3.orA) to A￿rOath Vknt Lr*s Pth Run. £1.tiyJ to Maggi6's Dundèe £1 IX(I lo Butterfu Trust. aTrl £1.000 lo m￿lpulate Flnnn¢lal r•vl•w A Su￿us of £44.625 #rose lh8 {2024 do￿ 01 £17.720>. RM8rYM Pollcy 2025 ehwity at fv ba￿ £99.542 ¥rfKI th• Tn￿ta•S CO￿*￿•r thiB lo ￿ ¥ppwiat• tr* alN Ih8m to respo￿ tr> reqwts for In8￿￿ S￿ort 8tru¢lur•, gov•maffiu and minag•ment D￿mber 2CK15. Th8 tr￿t ￿ 8(kniThstw8d in 8(*ordanc• with t•rms oftho Trwt C*•J. Th• inJste•8 who 8•N•Y dwing the y •*1 up to ts dat& of ofthe finan(yal Stakn￿nts *wo: Tho tfU6tees werg ipwnhl on the gslatlth** and Mpmsont mlnhThm nwibor quirwj. App￿ntrn￿t temoval Is %ryth Trust Do ch•rity. WEBSTER CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2025 R•hr•nE• and Adffllnl•lth InlonMIIDn Charlty N• Chanty RwJL*alDn Nwiiw. SC037193 C￿lad P4Jd InL*Fxndent Ex•nker. Statement of tn*tsg8' r••pom•lblllti Th¢ 8re re¥)rykrylbl? fry P￿par￿¥ the Th13toeJ' R¢wl •rKI the ffir￿rAal st•ternents ￿ actord•nce wllh applicab￿ law United Krylom Acawntry Standards IUrYl8d Gernth Aec*pl8d Acc4unttno Pr*tke). Th• to ttharikn rw]uins tha trust•8s to waparè fin￿C￿l stst•mentg fore8ch fiTrar¥ial year Mthic* a lJue 8r* far of Ih statA of aff*Yi ol tho c**rty aml of incorniNJ mLwri*s applKallon 0fr0￿Ur￿$ Ollhé ¢harfjty lorthat y•w. . (th8r4e thomethods in Ih8 Chwkns SORP: - state *théthèr accouthg tsThJ•rds ljeen I￿. yblect Lo any materBI dgpathrns dlsclosed expla￿ed In the InanrA81 stateff*th - mara tt* finanoal 8talem¢vrt• on Ih oowyj Ixii W￿￿1 il i• ￿4pp[r4XMts k> prnsum th•1 thfr charitywill c￿tiNe Yi OF¢fatityi. Th• tru$tws •r• r05pn#*i&ty to •x•nin• th• 91*t￿n￿ as required under se(*'on 44(1X¢) ot theAd stalè matters h￿￿ &)n* to my aitentiorL 84•1• ol Ina•p•nO•nt •x•fftln•f8 •tsl•m•nt af￿r￿arKe wlth R4ul4tion 11 of Iho Ch•lill￿ Act￿ntS (S¢otland) Regwlatlo ')vloJos a m*w of ¥£c￿ntn9 recwds by the (*arity and a ¢omparison of the finandal statements preS￿ted wth those *o)rds tt atso IrKauth Con5￿jer¥tion ¢f any uN$ual ttems or (4scto$ur8s In Ihe ffi•tKaal s￿*m•nts. 8ThJ •ypwavoM ftom Th ￿￿[88$ ox)cerning 8ucth mattors. Th• pYo¢•dur•• vnd•rt•k•n do rK*t F)fv*id• •ll th• •vKl•nc• tW *wld b• r•q￿￿j In •n •udlt •nd orrtwqu•nty I do notexpress opinion view giv￿ ty tr*finorKil $LqtW￿ts. Ind•p•nd•nt•x•mln•f• •tatsrn•nt In wnngdon *ith my oxamln*on. no m*brhas ccffte to my *lenllon" (al whith m• reasonai4e (¥uye to bel8￿ that ID •ry m•l•ri•l r•¥p•¢t tr* ffequlomnts: fj) to ke￿ acc*unbno r•cc*ds ￿ gecordan￿ Imth 44(1) (a) of Ih 2005 *£t R4Ulat¥￿ 4 of 2￿A¢CO1￿￿ R*Jul•tio￿. •nd 111) w prepare m￿rAal ststernntswnth •(xxxd wth racAxOJ •rnl ¢iJnply TAilh R•gutsi#)n 9of1he 2CQ3Accounts R￿4￿1￿.. hrn not been md or (b) b whk*, kn my OpInK￿ a#enlKJll Sho￿ De c1rth￿ ￿alle i ￿￿Jar$I&r￿lng of the fir￿cIal stthffl•fts tr* ￿ mthod. I nomgon Looper ACC(MJntsnts 3 CB8tse court C8mggig CwnpJ• Dunferrrdi Frf KY118PB Dated. 12 sert￿b￿ 2ff25 IIVEBSTER CHARITABLE TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR EPIQED 31 MARCH 2025 Totsl 2025 Totsl 3)24 Dona￿n$ arKI legacl85 InveslnEr so.￿0 55259 ST.￿3 Pr￿o&J$ from sale 01 inNwirn?nls 212.988 267.825 Tolal r•c• 270,291 373,084 81,347 79,859 Pa •nl• r• cl I lo a4••ts* In 164.318 310,933 Tofil payrnomi 225.668 390 7Q2 44.825 (17.70&) WEBSTER CHARITABLE TRUST Stat•mont of Balancos ASAT31 MARCH2025 UnM•trlctrd Ummlrfcl•d Fund• Fund• 2025 2024 Nth Bank and d•po•ft bal•nc•• Bwk •nd doposrt bthn￿ brtyJ￿ Ir*wwd payments ￿ year 54,91T 44.825 72,625 (17,708) 99,542 54.917 Im￿s•M#nI￿ Intymlme￿ at marknt ￿1 2.417.476 2.438.288 Inwjglments It Colt 2,135.247 1.586.825 Cr•dlK•r• Tr￿ AccouTrts wwe 3PPTov&I by tre Trustees on 12 5ept*nber 2025 WEBSTER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2026 Aocowrtln8 p¢*l•• Charty Inft+rn Ine TnMI iyas (¥&*ea ty 0o•d ofTw* d•t•¢ 311)•c•mbw 2Cfl5. The financ&1 statemèrts ha￿ been prep*th1 in acts)TdaTr￿ Twsth Tnsfs Dfjed. th8 Charbties and TN8188 Invèslm￿l {ScoUand) Act 2￿j5. the Charil•s Accothits {Scotsnd) Regulations 2()Xl las aThr*8d) *IU "Accwrtiry Ind F¢epfxtrV by Gharlm.. 5tatwn•nl of R6vrnentsJ PrKts"co applcabf• kn thartJo• eparfng thetr ac¢ountè in th¢￿TI1#Y￿ wrth thè F￿an{￿al lknrtin9 Standard appligAbkn in th• UK and Repubk of Ifthnd IFRS 11Y2)' (as &n8rthd for al￿￿111¥2 ccrfrrnrrtTrJ from 1 J3nuary 2018). Th 1*8rty Is a PuLlk &8n•fft Enbty as daln•l ty FRS 101 Th• cMrty t•k•n •trrf•rrtag• ofttw Pro￿#)￿ in tr• SORP for ¢h•rib•s FRS 102 Updat• B￿￿Tr 1 notto prepare 8 Statam•ntof C8th Rm. 1.2 Golw ¢oTrcern At Ilme of apwovry the 8tst•m•nts, trusioès havo a axpeciakn.on mai tho chanty a￿ue to adwt ts g)kno o)n(wn ba91s 01acu￿￿t*Kj In Ihè stalemÈnts. 1.3 CIK•rflabl• l￿d* Vnre31rKie¢J fvThJs expend*Jle at Iho d18U8lon ol the trus18es n lurtmrance ot Ihe objed8 of th8 th￿ty. If p•rts of tr• unr•#trid•d fvndJ ar• Mmwfk•d It thè diacrnfjon rf thè for • ￿rtIti￿￿r pw8è. they we thswJnated 35 a separats fund. Tlis d8spjnali(￿ has an administrati¥8 purposè only and dc*s not l*Jally th'(1 the (*yxelK)Tr lo thg fuNJ 1A r••ow¢ All inC￿lI￿j resoww ar• iTrJuded in the statement d f￿ar￿MI •do¥ities wlwn fv tharity is •nlilknd to. and folb*Ang ￿1065 aTr 8ppli￿￿ to c*￿05 0f￿cOMe. untary recth*d by way 01 dcnatso￿ a•d gifts arxl 1$ Ir￿d￿l In the stat￿ of Fkn￿￿4al Ivrternst on fiJnth h•kl m d•powl kn fb¢kthd whm •nd th• •moyrt+3•D b• m•Mur•d r•b•bly by th• d￿lty, Is Th)rTrAfy W>Dn nolfi*tson ofth• in*rest paid orpgyth by lh• bartt. 1A R••owt•• •xp•nd•O Uabllll8s r•co2nwd as eywKIrtLTr es 95 I1￿81* • or (*lh3atbn c(rnitb'ng th& olarty to that •xp*)diknr4 li i• that w1JJu￿nI b• r•gw•d a￿1 wnount ol th• otrligalion can bo rnoawr¢d r*liab ¢oJts, afe aN￿•t￿j or •[s￿￿ned to 0vnditu￿ hMdirvJi in the siatantrrt ol fnv£k91 Support costs hav• bw diff•r•ntr*d betwi go￿nan￿ ¢￿ts •Th1 crthor 8wFrrft rx+8t8. Go￿an￿ o)sts QJftK+nse al costs invol%ing thè pth¥1￿ acwJtsb* ol ¢h•nty aTrJ rts ¢¢xnph'arK¢ wth regul•lbJn arKI good These r•Jsts ￿Clude cg)sts related to aydti lees ard legal le WEBSTER CHARITABLE TRUST NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR ThE YEAR ENDED 31 MARCH 2025 IC•ntknu•d> 1A Flx•d ••wt Inv••knwts Inv8slJnontt 4v• a foml of D*C IIMnoal Iistrurtw ar#1 ar• In￿'alY r￿n￿ ￿ m￿1 transacvon value and sub¥gquenty m•asurpd at knir fairv0￿? a> at the bol•nc• #lwetdats ￿Ing th¢ dogiry quotsd marf¢•l pric4. Tho statom8nt ol finan(aal i￿￿108 th• rbt oaing aThl loss88 arisiThJ on r8valuatlon and dlsDDsa 1hroUgh￿rt Ihè y•w. The man IOM of finanaal rfsk fac•J 18 that of voldility kn eqjty mart•ts •ryl iiv4strngrt mathets duB to wder econom￿ coTrJth"on8, the of th¥*3lm8nt ngk, chang05 In s•ntrnOAI eonc8ming w*li•s and witrin part¢dar or wb sectrfs. 1.7 Ca•h Md u•h •qththnl• Cash and cash eoivolents Indudg In harml. dtyo%ts at cjll with ianks. other sh(xt-tsmi Iwwid in$trn•nts original Maturit￿ of thr•• mcffith¥ •x Im. e•nk Ove￿rIfi& ar• $htr• T*ithii btsrrthyiros in l¥bilth. Ba8le ffiam81 asgab. whkh and cash Ind hnk balancw, we Irthlfy mea8ured at pr•Eo trans0d￿n cosls are gthoqugnfy ca￿lOd al *D¢xliMd co81 u$lry thtr •ff•i*ivo terest method unless ww4￿ent ronstrfutes a financang tr*$actsn. where Ihe tran$a¢lion 1$ measured al tho presenl valsje of the dI$¢Wn￿ al a m•*ol ratfj of intsrest Fh•r¢i81 assets aassifiea a$ ￿aDI• wthin on• ￿ar ar• nth &nortlW. Donitlon• and hy¢l•• Totsl 2028 Total 2024 So,￿0 Totsl 2020 Total 2024 vntm¢ntirK•m• 55.749 33.rao 1,509 57.303 55.259 VVEBSTER CHARITABLE TRUST NOTES TO THE FINANCIALSTATEhlENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ch•rfl•bl• •¢llvlll•• 2026 2024 Gr*)ts aThJ Oonthns 42,125 52,1)3O Shar• of Qt)vWn￿Cé eoslj Iw 5) 19,222 27.859 61.347 79,859 Support coslz Swbport G4yMmart• 2026 2024 Fund Manager Fee Indop8n(Iwit Exomkners Fo 18,1 27.379 480 19.222 19,222 27,859 Taxat1¢ chafty dumg ts yw. WEBSTER CHARITABLE TRUST NOTES TO THE FINANCL4L STATEfiiEP4TS ICONTINUEDI FOR fiiE YEAR ENDEO 31 MARCH 2025 Flx•d •M•t Inv••lm•nts Inv••trn•nl• Colt or vduaiion At 1 WI 2024 Additrms Valuabon th4TrJ8S Oiws* 2.436.288 245.772 (51.$97) (212.988) At 31 Marth 2tr25 2.417.475 CaThylng •nount Al 31 2025 2,417.475 At 31 Marth 2W24 2,436,280