THEZICHTRUST TnsHCHAWTYNuM8ER: SC037627 NUAL REPORT AND fiNANCWLSTATEMEi¥fs FOR THEYEAR ENDED315t P44RCH 2026 DO￿ ID.. Obb8cb1b858f8855059be81f16a9f2aeeS950403 Trustees, Annual Report-The ZlchTnJst Fortheyearended 31 March 2026 l. Admlnistrative Information Charity name: The ZichTrust Charltynumber: SC037627 Principal address: Inveralmond Business Centre. Auld Bond Road. Perth PH13FX Charitytmsteesondateofapproval.. Michael Bindon Francesjean Menter MichalJ02eff Pasternak Independent examiner-. BKPIUS 26130 Bonnethill Road. Pitlochry PH16 58S Solicitors.. Sarah BrownCharityLawWS Inveralmond Bu5inessCentre. Auld Bond Road, Perth, PHI 3FX Doc ID: Obb8ct*lb858fae55059be81f16a9f2aee5950403 2. St￿CtUre, Governance and Management The charity is constituted by a Deed of Trust granted by the late Patricia Zich registered in the Books ofcouncil and Session on 29 September2006. New charity trustees are appointed by the special decision of not less than threesuarters of the charity trustees. Charity trustees are required to declare any potential. real. or perceived conflicts of interest at the start of each meeting. These declarations are recorded in the minutes. and the trustee in question must refrain from participating in any discussions ordecisions related to Ihe matter. The charity trustees have delegated the day-to4ay administration of the charity to appointed solicitors. Sarah Brown Charity Law WS. who manage routine correspondence. financial transactions, and compliance matters on behalf of the charity. The charity tnjstees retain overall responsibility. The charity trustees receive a report on the finances of the charity at least quarterly. The charity twstees meet with the solicitors at least twice a year. The charity tru5tee5 receive a legal and regulatory update at least once a yearfmm the charity's solicitors in orderto keep up to date with their role and responsibilities. 3. Charitable Purposes and Artivities The charitable purposesofThe ZichTrustaretosupportanywhere in theWo￿dthe education of young people in gaining self-confidence. overcoming any handicaps and disabilities, learning collaborative skills and developing an understanding of themselves and others through experiences in theperfom)ing arts. The primary activities related to the purposes involve awarding grantsto projectsthatthe charity trustees believe further the purposes and provide public benefit. The charity trustees invite applications and review them semi-annually. 4. A¢hievernents and Perforniance During the year, the charity trustees agreed to award grants to twelve projects in furtherance of the charity'5 purposes, details of which can be found at Note 2 of the Notes to the Accounts . These projects were selected based on their alignment with the charity's objectives and their potential for positive social impact. This included a grant made from the International Educational ScholarshipTrust. a restricted fund of the charity. 5. Financial Review The Zich Trust has maintalned a Stable financial position throughoutthe year. The principal funding source forTheZichTrust15 investment income. The Zich Trust's investment policy 15 designe(I to achieve a balance between income generation and capital preservation. The trusvs investments are managed by Evelyn Partners. who ensure that the portfolio Is diversified and altgned with the trust's risk tolerance and any ethical considerations. Durlng the year. the investment portfolio performed well. 9enerating a steady incorne that supported the trust's activities. ID: Obb8cblb85Bfae55059be81116a9f2a8e5950403 The fund5 held in unrestricted reserves arnountto £6.600.12 which the Charity Trustees believe is sufficient to meet any unexpected liabilitie5 which could arise as well as nomial running expenses. 6. Plansfor Future Perlods The charity trustees will continue to explore methodsto enhance the charity's Vlsibility overall to attract applications from a broader audience. 7. Statement of Trustees. Re5ponslbllltles The charity trustees are Te5ponsible for preparing the annual accounts in accordance with the Charitie5 and Trustee Investment Iscotland) Art 2005 and the Charities Accounts (Scotlandl Regulations 2006. The trustees must ensure that.. Proper accounting records are maintained, accurately reflecting all receipts and payments made during the financial year. The accounts present a true andfairview of thefinancial position of thecharity at the end of the period. The atcounts comply with the applicable laws and regulation5 governing Scottish charitie5. Approved bythe charltytru5tee5and slgned onthelrbehalfr. Signature. Francesjean Menter Position . .Tru5tee.......................................... Dateofapproval 1710612026 Ikn 10: Obb8¢b1b858fae55059be81116agr28ee5950403 Receipts and Payments Account The Zich Trust- SC037627 Forthe Period 1st April 2025 to 31st March 2026 Forthe perlod 1st ApTII 2025- 31st March 2026 Unrestrl¢ted Restrlcted fvnds funds Total Totalfunds funds last currenl perlod perlod Recelpts Income from investments Bank interest 5.840.29 54.78 0.00 36.02 5.840.29 90.80 6,061.61 87.11 Sub totsl 5,895.07 36.02 5,931.09 6,148.72 Re¢elpts from Investment sales Proceeds from sale of investments 13.961.30 0.00 13,961.30 11,629.80 TotalReciepts 19.856.37 36.02 19.892.39 17,778.52 Payments Grant Payments Investment management costs Website expenses Governance costs Independent examination Preparation of annual accounts Aijministration Fees 17.750.00 1,560.20 0.00 4.194.61 0.00 0.00 21.944.61 1,560.20 0.00 9,000.00 1,511.83 134.07 240.00 480.00 0.00 240.00 480.00 240.00 0.00 0.00 4,194.61 540.00 193.20 3,720.00 24.418.01 15.145.90 193.20 20.223.40 Sub total Payments reiatingto investment movements Purchase of investments 2,627.90 0.00 4.590.08 Total Payments 22.851.30 4.194.61 24.418.01 19,735.98 Netreclepts/(payments) -2,994.93 4,158.59 4.525.62 -1,957.46 surplu￿{de￿c•t) fortheyear -2,994.93 -4,158.59 -4,525.62 -1,957.46 Recelpts and Payments Account The ￿ch T￿￿t-Sc037627 Forthe Period IstApril 2025 to 315t March 2026 lor I For the perlod lstApr51202S-31stAprtt2026 Unrestrlcted Restrlcted funds funds (Note 41 Totslfunds current Totslfunds last perlod perlod Bank balances at start ofyear4 5urpluslldelicitl Bankbalances endofyear 5 9.595.05 -2,994.93 6.600.12 4.161.54 4,158.59 2.95 13.756.59 -7,153.52 6,603.07 15.714.05 -1,957.46 13.756.59 Marketvaluation as at 3110312026 Market Valuatlon as at3110312025 1£) 3,135.00 Investments Cash Bonds Sterting IGBPI 1£) 2.672.00 12,586.00 12,384.00 Alternatives 13.796.00 9,730.00 10,249.00 6,577.00 Multi-Asset 11.322.00 3,279.00 Propety United Kingdom Overseas 38,682.00 4,886.00 89.120.00 176.343.00 40,057.00 4,345.00 86.666.00 173,143.00 Global Total Approved by the charity trnstees and signed on their behaifr. Signature.................W. ￿.¢* Name.fFance9le￿.MenteF..................... Position . .Trustee . Date of approval 1710612026 Doc ID.. Otrl)8cttr1b858fae55059b881f16a9fkaee5950403 ThezlchTn￿t Scottish Charlty Number: SC037627 Notes tothe Accounts forthe yearendèd 31 March 2026 l. Accountlng Polke5 The accounts havebeen prepared on a receipts and payments basis in accordance with the Charities and Trustee Ilnvestmentl Scotland Act 2005 and the Charities Accounts Iscotlandl Regulations 2006 las amendedl. VAT The charity is not registered for VAT and accordingly expenditu￿ includes VAT where applicable. 2. Breakdown of Grants Pald Btsneflcoary Purpose Divided Culture FutuTr Artists InitFattve £2.000 London Youth Choi London Youth ChDif5'. Raising Voices, Shaping Lives £2,000 Chil(Iren'sClassic Concerts The Story Collector £2.000 An individual St Mary's Music School SeniorVoc31 Programme £500 Kinross-shireyouth Enterprises KrrHE Composes! £i.000 International Guitar Foundation IGF Guitarcircus Schoo15 Progtamme £i.000 Scottish Opera Scottish Opera's 2026 Primary Schools Tour El,250 Spitaifields Festival Limited NewYVC £2.lJOO Gabrieli Roar Evolve= Baroque Masterpieces, Buryst Edmunds £i.000 Royal Scottish National RSNO Dynamo Scholar5 £1.500 DLf ID: Otè8r**1bB58f8855059be81f16a9f28ee5950403 Orchestra 1STAGlobal Arts Leaming Ltd ISTA Young Creative Leadership Programme: Access & Expansion £4194.61 Raised by Music Raised by Music-cohort 2 £3.500 Totsl: £21,944.61 3. Funds The charity has one re5trirted fvnd which is shown separately in the accounts. The restricted fund is known a5 the Intemational Educational Scholarship Trust and its purpose isto support education in the perfomiing arts internationally. All otherfunds are unrestricted and can be used attheTrustees discretion in furtherance ofthe charity's purposes. 4. BankBalancesasstartof theyear(l Apr1120251 Represented by.. Unrestricted Funds Royal 8ank of Scotland Account Evelyn Partners LedgerAccount Total.. £6.461.29 £3.133.76 £9.595.05 Restricted Funds Royal Bank ofscotland Account £4.161.54 5. BankBalancesattheendof they¢arl31-March2026} Represented by: Unrestritted Funds Royal BankofScotlandAccount Evelyn Partners LedgerAccount Total.. £3.928.92 £2,671.20 £6.600.12 Restrtcted Funds Royal Bank of Scotland Account £2.95 6. Investments The charity held a varied portfolio of investments during the year. A breakdown of asset classes and their values can be seen in the statement of balances in the accounts. Investments are shown at market value. All investments were held as unrestricted fvnds. The charity does not hold any restricted or endowment investments. Investment income comprising dividends and interest of Doc ID: Obb81*1b858fae55059be81f168gf28ee5950403 The Zjch Tm#t Scottlsh Charlty Number. SC037627 Independent ExarnÉnt¢8 Report to Trustees of the ￿¢￿ Tr¢tsl I report on the accounts of lh8 charity for the year to 31# Marth 2026 whith a￿ sel out on the previous pages. Re5pe¢li¥g r•sponsibrfities of trust••s and •xarninor The chariws ￿SteeS are restthsibl8 for the preparatson (rfthe 8(xx)unls in a0)Ndan￿ wlh tha terms of tho Charities and Trustee Invèslwl (Scollandl Act 2005 and the Charities Accwnts Iscodandl Règulations 2006. The dwrity twstees congder that aud￿¢ requtrement of Regul*ion 10111 Idl of the Aco)unts Ragulation5 dces not apply. It is my reswnsibilty to examine the acra)unls as required under section 44111 Icl of the Act and to state whether particular matters have (x)me to my attention. 8agls of Independent eyamlntvs staternent My examination Trs carried in aCCwdan￿ RwJuLAtK)n 11 of Ihe Chaiit*s Accounts Iscouandl Regulations 20(￿. An exarninaiKJn Incknjes a Threw of the ar￿￿n￿"Tha records kept by Ihe ohanly and a comparison ofthe ￿coUnt$ presented wilh ttrThe fecords. 11 aL%o indud8s ¢xJnsideralion of any Lmusual iiems or disdosur85 in lh8 acb8¢b1b858faeS5059b•81f16a9f218659S0403