REGiSTERED COMPANY NUATER: SC327627 Iseotlandl REGISTEREO CHARITY NUfyEER'. S¢038741 R•portofts TnA1• 4nd Un•udlt•d FInIclI1 Slat•rnonts for th• Yr Ended 31 Octobgr2026 for Th• al•ndal• ThMI Carwll st8rt M8ci•nnan & Co CharteTed Nthxunlants Unit 3. Broom PLI Portrn8 Hlghlgnd 519HL
The Gl•ndale ThJ8t Cont•nts otth• Flnancld 8tstsment• forthe Y•arendod 31 Octobw2026 Page Roport ofts TnMt• 1 to 3 Ind•p•rtd•fit Ex•mln•rf• R•port ststw•ntof Flnancl•l AcUvltle• Ball• 81w•t Not•• to th• FInI• Stat•m•nts 7 h) 12 O•tsll•d 8tat•m•nt of Fknancl•l A¢thilU•• 13
Th• Gl•Mlale TrngtlRegiStèfed nurnbèr. SC3276271 Reportofthe Tnte•s forth# Year Ended 31 Octobgr 202S The trustegs who S aL80 dirBctors of the Chanty for the purpow of the Companles Act 20W present their report &th the finanoal stslements of Ihe eharfty for the year en¢hY 31 Octotrmr 2025. The trLBtaes hav¢ 8dopted the provi$ior6 of Accounting and Reptirting by Charities.. Statement ol Recommended Pr8dice appIlb to charitr8$ preparing their A(zounts in accordance wth the Fnan¢HI Reporb"ng Standard applicabl8 in the UK and Reputs1 of Ire5and IFRS 1021 leffectiv• l January 20191. OBJECTIVE8 ANO ACTIVITies Obj?cVe$ and alms The company's obje(aNO8 ar• Ihe promotion for th8 pthlk of rural reg•neTalion In are8¥ of 80ci4 ¥nd economlc deprivation, and in parti¢thar within the 8r80 ol Glendakp. l¥l¢ of Skye, Hlghlarny, Scotland Iposto)de8 Iv 8W&Y and 8ZS.ZI. lal To rnpintsin anOr improve the provision ol public aftnities. Ibl To maintain andlor Improve buildings or $rt98 01 historic or•rthe0luTol inp¥vtart•. Icl Te protect 8nd ¢on5erve Ihe k11 ènvironmgntthrough ¢no)uragernentof rèn8wable engrgy 90UW. 8 and as appropriAtè. l¢Jl To cr¢até trolning and ernploymenl opportunitbj by the pro)n of Irk1p, building$ •TrJlor IBTra lorthe ulè of localB lel TD defend the intw•st8 and wèWar• of the FeopK• of G1•nd. In furthera of the abov• abi•dve$, thè Glendale Tru¥t wlll lal Idontify the hy d¥v•lcpments in th• area that S11 make Gknndak• an •¥•n better pla¢• In vknith to Ilv•. Ibl Encourage touri¥m to the area. 1¢) Make u¥e of publidprlvale r•sourc48 •xt•mal Wolessial JdMee to achiov• the ObcliNeS. Idl Secure thè maximurn ornount of exlemal bJndlng lo achye eom? or dl of ourobieL#Ne8, avolding confllct 1th the 1r8dits.onal rokg of th• Cornmunily Council. (•) GNe wdtten oror818dvlce and help, and whem n88ded finan¢io1 aSJotsn to aKI oth•r org8nlBations In Glendale •uch as the Moorings ABsod8tlon and Hall Cemmitte¢ tyjmplete I1r ebjedNe$. (Q conwnun1ts d•arty and Mgularty with memtern ofthè ccmnvJnlty. Publlc b•nefft The fuffilm•nt oflhe ¢harlty'8 c105 Sn publc benefft to tho reBidanl8 of Glendal¢. ACHIEVEMENTS AND PERFORNcE Ch•rftabl• cllvltle• The focus of the dlrector5 eonts'nues lo be on en¥urtng that Ihtt TNst IB -Su•l1n1Tha and a8 outh, dwelopino Ihe Pknr and Boffodale School wcjects has begn the boards priodly, BornMl•h 8chool ¥nd Schoolhou•• T1 Cornmunilies Houging Trust continue to work on wr bohall towards convertino the school Into 4 affordable llats lor rent, build a 3edroorn homè in Ihe grounds ond nlIe th? schoolhou8e. They have grants from V8nI and Derelict Land Fund and SSE and are wothing lo publith tsndern through th¢ Publlc Cothet8 Portal in Decernbar with return dste of 29th January. Communlty Transport Wovk•hop The Glenda Trust took part in a lsh to explore cptKJns for provKliry pU1C tran8pJrt to the Gftda1e ar•a. DisoJssKJn8 arè to ntin. SSE Dlstrlbuwon N•two The Directors agT8ed at the on 19¢h July to albw SSE to bring a new sth-sea cablè from South U8t ¢)nlo mmunty owmed land at Meanigh Pier. ThB 18 to provkle grèatsr security olaneryy forthe K*stem Isles. FINANCIAL REVIEW prtn¢lpal fundlng ¥Ir¢ DuriNJ the year ended 31 Octcthr 2025, the principal fijndiro rce ol the charity rental incun• frorn Moanlsh er and SSE eompensatK)n. Rer PDIicy The Trllst regularly revi level of reserves to ensure that Ihey ar8 suitsble for planned adivity and have èxamined the reqUIrnent to retsin free re$eNe8, which are thoge UnstrICted funds not invested in fixed a58¢ts, designated to a specific pUose or otherwise ctsrmitled and these 8lo¢>J at £41,383 at 31 Odober 2025 12024 £20.2871. Pa90 1
The Glondale Trust IR•glster•d number SC3278271 Report ofthe Tw$i•es forthe Yoar Ended 31 October 2025 STRUCTURE, GOVERNANCE AND MANAGENT Governlng doeum•nt The chanty i8 contrrjled by its gtr4erning docurnènt. a rnernoranrn of asBociatJn ¢anstitut98 A limited company, Ilmiled by guarantee, as d8fined by Ihe cornpan Act 20C6. R•crultThntand •ppdntThnt of newtnMts•8 At exh ACAI. the members rnay èlect any rnember to be a DSreclor, except those who am ernployeej of the tsjmpgny. The MmuM number of Dirtcors shall be 13, out of that number no more than shall be co-opted. The threctors Shall ekd frcffj amcng lhe8$ a ChaiTper¥on a Treasurer, and 8uch other bear8 as Ihey consider approprie. Ai g•ch AGM. cfio third ol fv DirectorB ¢l•d Shall rètlr• from offKe by r(thtion bul shall then te ellglbl8 for reeL)n. Organl¥atlon•l 81nlU1• Tk* Strueture oftho MpanY Con8 ot. 181 the Member¥ - who have the right lo attend Ihe 8nnu8198ner81 ma•llng land any extraordinbry ggmral M•ng} and have Important powers under the artid98 01 assoaation and the Cornpanies Ad¥. In parfcut¥r. the M8mb8rn ekn¢ peopb Io E•N• as Diredors 8nd tak¢ doo8M8 in rg18tson to chawa8 to the artKle$ ¢ham8efves Membarship of The Glend81¢ trust wll epen to all who IN? wh1n the GkThJakn arna JB d•fimJ undar th• momor8ndum ol a89walion obJeclive8 88 being poatrthe ar•a IV55 8WJ-Y and IV55 8ZS-Z and Ar• on th• ekryctoral roll. Ag8cdat¢ (non-vong m•mbw8hipl thil be cpen to 011 who ha¥8 an interest in Glenda. Ibl the Directors - who hdd regular rnoeling¥ dun9 the ptrlod beknn annual general m•etings. and gengr¥lly control and ¥up•Ni6e the ¥dlvrtie6 of the company. In p8rtioJl4r, the Oiréetors are rn8pon8bl• for rTr)nitortnG th• fin&na81 P08ilion ofiha 0)mpany, REFERENCE AND ADMINISTRATIVE DETAIL8 Comp•ny nurnbor SC327627 Iscotlandl R•o18t•rnd Ch•ilty numb•r SC038741 Regl•t•r•d offl¢• Glendale CmUnIty Hall Glendale IS of Sky• IV55 8WS C M Gray Ires&na(J 19.7.251 D Houlder DACMurd GJLane L Bannister J Davys Irètsign8d 6.12.241 CJHan Ind•pendent Examln•r Faye MacLeod CA Campbell Stewart MacLannan & Co Chartered ntants Unit3, Brojm Portreè Highland IV519HL STATEMENTOF TRUSTEES, RESPONSIBILITIE8 The Irustees Iwho are also the directors of The Glendale Twst for thg PU8 of curpany lawl are resp)nBlb for preparin9 Ihe Report ol the Trustees gnd the finantial ststements in a¢Ct1rdar with aFvIleab law and United ngdom A¢c4Junting Stsndards (Unrted lQngdom GenÉrnJy Ac£epted ALwunting PrndKel. Page 2
Tho Glendale TN8t (Rtqlstered numbèr: SC327627) Report of fv T11¢e& fort1 Yaar Ended 21 Octob•r 2026 STATEMENT OF TRUSTEES. RESPONSIBILITES- eonllnwl Company L4w requires the tru8tees to prepa finanaal stateTrEnts fvr eath ffn#nLial y•ar. Under that law. the trustees have elected to Prepa the finafic stalern8nts in aco)rdanr£ with Untsy dorn Generally Aciepted Athn9 Pra¢b. Iunitgd 'ngdomA¢eOunn9 Standards ar¥J app11rab I1. Under crynpany lowthe tnJ8tees must not aFS)rove the finanrial ststèments un8$ they are 8thfied that they give a tnj and fvir viw of the st of aff•'r8 of th• tharftsbkg company aThJ of the incx)ming resourc6s and appliLaln of res(yJrLS, includin9 the income and expenditurn. ol the tharitable c¢xnpany for that w'od. In preparing those financial ¥t8tsrnents. t trusta8s are requed to seled suitable acrAJuntiThJ polths and then gppty them conw8bntly." oOr¥ Ihtr methods 8nd wincipkns In the Charities SORP.. make judgwnents and estimates that ** reasonabb ar prudent,. pr•paTe the fin8naal statem&nts on Ihe golro conc4Jrn basis unle8B it 1$ Inapwoprto to prnburne that th• tharrtable cornpany I>tInUe In blneSS. The tnJstse8 are responsible for keeping proper aCUnIng retsjrth whlch discloBe 1h reJ¥on8ble ac4ur8Cy at any lirne the finanaal wlion of the Charitab company and to anable Ihem to en$ur¢ that the flnanaBI 3tat&menls comply wlth Ihe Compan5 Ad 20C6. Th?y are skno respon8iblè hr 8afeguardlng the a98019 of tho charrtabKp vjnpany and h•nc¢ fortakiNJ reasonabkn $tgpa fr)r the prevenlon and detedon of fraud and other iff•gulantie8. ApprtsvtyJ by orderoflh• board oflN8teo on....... . . ?TrJ 8yn•d its beh8W by.. C J Hancod(- Tru$le6 Page 3
Indendont ExamineV8 R•port to the Tru8tses 01 The Glendoie Trn8t IReglst•rod nnbOr. SC327627} I report on th8 accounts forthe yearended 31 OLicer 2025 setouton pa9esfve to Re9pectlve re8ponslbllltle$ of trustees and •xemlner Thè charitys trustees are responsible lor the prepation of the alnIS in accordan¢8 Trhith the terms of the Charib'S arK8 Trustee Investrnent Iscouandl A¢1 2005 and the Charities Ac£ounts (Scolandl Regulations 2006 las amendedl. The Charitys tnJ$lees consider Ihal the audit requirgrnent of Regulation 1011llal to Icl ol the Accounts RegulaliDn5 does Thot apply. It is my re3pDn5ibility to examine the ac£ounts 09 required under Section 4411Xcl ol the Act and to Slattt yhether partthlarrnatte have cx)m8 to my atl8ntttin. Bash of th 1nd•pendgnt•xamlrfs r•port My 8xaminatson a$ rried out in a¢eor(lanr wlh Re9ulalion 11 01 the Charit$ Aco)unts IScoUandl Rwlations 2006. An examinatson ndudes a review ol the wuntiro reo)rds kept by the charity and a cs)rnp?rk8on ol Ihe accounts presented with those rers. It alg0 include8 consKleralion ol any unusu81 il8ms or discthuS in the a(rnnts, and seeking exptanatKsns from yw 01 true8 wnceming any wch matters. The procedu$ und¥rt8ken do not provide 811 Ihe eVen that be Ul[0d In an audft. and consequenUy I do not •ypre85 an audlt cwnion on tho vkw gi¥trn by the ac£ounts. Ind•p•nd•nt•1nèf• •tstsm•nt In LX)nnecbon wlth my exominalion, no matter has Come to my att6nticn'. 111 gfvei mè r•88onablo ¢aug8 to b•kn thjt In any matgrtal re8Ptcl, the wulrements to keep aCcowt9 records in •¢o)rdanc vAth Sedlon 4411Xal ol th¢ 2(5 AL and Re9ul•tbn 4 01 the 2008 ACCI)t8 Re9ulatlon8', and to prepare aounts wknld) accord th the aetountiTrJ and to cLYnpty wlth R•gulatv)n 8 of th• 2¢X6 untB R•guLgtth• ha not hen mel.. c 121 to whkh, ID my otynion, attsnlcfi shoula be dravm In order to •n8t4¢ 8 prop•r uTrJer4tandlrtg ol th1 IoUnts to be Fayè MxL•>J CA Tht In8trtut• ofchartered Ac£owtants olScDthTrJ Campt•ll Stewart M¥Lennan & C Charterad Accountants Unil 3. Broom HAC Portreè Hi9hl8nd IV519HL D8te.' ....R&l<XA.I&QJkn... Page 4
The Glend•h Thmt statThntof Flnonelal A¢tivlli•s Ilneorpornung an Incom• and ExpendttyTB Account) forthe Year End•d 31 October 2W 31110r25 Total bjnds 31110r24 Tot81 lunds unf&d Rtricted runds Notes INCOMEAND ENDOWMEills FROM Inv¢¥kn•nt kncom Other I 30,0 2,750 2.750 200 Totsl 32,750 32,79) 30,20) EXPENDITURE ON Charllable actlvW88 Development of Gknndale Tr VAanish Aer Propct 8orrtsJakn Sthool Devekwnent 4,820 1.739 3,163 1.739 Tot1 12,107 12.107 18,948 NET WCOME 20,643 20.843 13,252 RECONCLIATION OF FUND8 Totsl fiJnd$ brought fwiard 2S7,Q81 8.157 265.238 251,988 TOTAL FUNDS CARRIED FORWARD 277,724 ,1S7 285,881 285,238 Ttre rK)t•s fonn part of these fin8nrial slaternnts Page 5
Glad81& TnwtlRegl•tyr•d number: SC3276271 Balance Shoet 31 Octob•r2025 31110r25 Total nd¥ 3111CW24 Toiol utred R8sthct8d funds funds FIXED ASSETS Tangib assets 238,341 236,341 2%,794 CURRENT ASSETS Prepayments and accrued income Cash al bar an¢J in h¥ThJ 3.731 39,922 3,731 48,079 4,845 25,779 8,157 43,853 8.157 51,810 30,824 CReDITOR8 AmouDts tslling due wfthin one year 12,2701 12,2701 12,1801 NET CURRENf A83ETS 41,383 8.157 49,540 28,444 TOTALA88ETS Le8S CURRENT UA8LITiE8 277,724 8,157 285,881 265,238 T ASSEn 277,724 8,157 285,881 285,r88 FUND8 Unre8trld•d funds ReslriLed fvnd? 277,724 8.157 257,081 8,157 TOTAL FUN08 2,881 265,238 The dwrbtable r3Jnpany 18 ant4t1 to •xeMptI¢ from under Sectlon 477 of t compani Act 2CQ8 lor th• yr •nd•d 31 OLl¢)ber 2025. I m•ners hAV8 not r•qulrnd th8 company to obtaln an audlt of it8 finandal st418rn0rt• tr th8 ye•r •nded 31 Oetot¢r 2025 h) oc<ordancevAth Sertion 478 ofth• compl8 Act 2008. Th? bu•tsèS afnoWddge t1r resp0nslbi1itS for lal an8urin9 that the chonlab1¢ ¢unp8ny k•ep$ •¢eauntlrvd fecord$ that wmply vllh Seclion8 388 387 ¢1 the Companies Ad 21MJ8 and prepAring finana81 $tsl9mènts whith gfve a and foir of the slal• ol affairs ol th• charitsbl• cornpany 8$ al Ihe end ol each finandal ye8r and of ils Bu1$ or defiot for each fin8ndal 8r In 8ect)rdanc4 with th• requiremenlg of Se(Xions 394 and 395 and vthlth olhBTh%l8e comply with Ihe Quirem•ntj 01 the CompanN?s Ael 2Lfe rtlating to finandal8tÈtents, ao far M $PF41ubl¢ tothe tharftat40 ccfflpany. Te finane4a18tatèm8nls ha¥e bn F¥•pad In ac¢orfanc• wth the arollblO to thrliable compan1•• 8uWct1g th• ¥m811 cornpanies T¢gime. financèl stslernenti %%wo aFPTgv•d by Ihe Board of Trustw aTrJ frjr 18gua ..1. I ,..[ a............ And tre skJned on ts behAlfby'. Ibl on C J Han¢- Trustee Tr)t8s fi)mi part ofthe finanry81 $tstern*ntg Page 6
The Glend•k TN8t Nots# to the Flnanclal Statem•nts torthe Ygar Ended 31 October 2026 ACCOUNfNG POUCIES Baslj of pr•paring the flnancl•l statements The fin8nual statemen19 of the chartsble company, vthich is a prtlllc ben¢fit èntty under FRS 12, have beèn prep8r8d in a¢xordance with the Chants"es SORP IFRS 1021 'Accounting aThS Roporting by Charilie5'. Stalement ol Recommended Practice arWicab1¢ to chaTiti¢s preparing their accoun15 in accordanix wth the Financlal Reporting Standard applicab in the UK and Republic of Ireland IFRS 1021 lelfecuve 1 January 20191,, FiryAneial Reporting Stsndard 102 'The Finanoal Reporting Stsndsrd applicable in the UK aTrJ Republic ol Irdaftd. and Ihe Companw Act 2006. Tho finandal ¥tsterron18 ha been pr•paYed und•r the h1¥torbl c1 nvert.0n. Incwno All in(m9 is recognised In the Ststernent ol Finanelal AvIti8 onc8 th¢ tharity ha8 to tho It ré Pfobabl? that the incom¢ be received and the amount can be m8agurwJ relSably. Expondtture Liabili1S are recogni¥8d os eXp9ndrtu 85 8n 8$ tre is a legal or ts)nSInth obligalion committing tht ch?rily tts that expgndllure, It 1$ probable that a Iransler of economic b4nefits wll bè required in 88tt18rnent Bnd tho amount of Ihe obligation c8n be me8sured reli8bty. Expenditure Is aoUnted for on an gttru81$ basis And has been classified under headings Ih8t aggregatè all cost rolated lo th8 ealegory. Wn8 costs cannct be diredly atlrlbuted to partlar he8dlng8 they ha begn allocaled to on a bails m$t¥nt lh• u8e of r•source8. T•n95bl• Ilx•d ••uts Dgprèclatson provldod at lolbwlng annu81 rntes in ort•r to wrrt& off eaL 9588t Mr it• uaefvl Planl and mathnery. 15% on reducirvJ bJlanc8 Ft4tur88 and fithry6- 15% on reduung bolance ompuler equipment- 25% on straight lire The tru8t¢e5 •xpect the u¥glul IWe of th• Kknnl8h Pl•r to exc4èd SO ye¥rs, thelore no d8prxlation h•$ b••n charged on trè grounds of immaterfalily. Costs induded wthin 800d0 School con8¢1 ol profe$8h)Ml feq8 dirndy •ttrtulable to tho bu1ng t41 nrt•d Into rgÈidentlal houslng. No dff>reciatk)n ha8 bn ehar9ed 8galn8t Borrtsaab School a8 al th• Or and, it was In the Pfoce$8 ol Wng developgd by the Trust. T1x¥4ft Thè tharity i8ex¢mpt from Corporallon tax on frt tharitabb •ctNilie$. Fund •CCOUD¢lng Unre8trthd fund8 ean t• used in oWrdan wilh the ch¥rit0blo objeclN•8 atthe dlscretion ofts bw8ts08. Rèsffieted fvnd8 ean only bè used for particAr rutri¢ purpcéa lIhIn the et4orkn ol t charity. R88trictvJ oita ¥ecifd by the donor orbthen fvnds are rald lor partrular Mstricled puw8. A design8ted lund Is that pbrt of the charity'g un¥trI• fvTrJ¥ that the tharfty IrugteeB haye dadad to eannark of dewgnat•. fu o particular purpo¥e. Furth8rexpl8nabon ofthe naturè and purpo8e of èach luTrJ induded in the nots¥ to the thancAI statements. Page 7
The Gl•ndalo Trust Noles to the Flnan¢lal Ststsment•- continued forthe Year Ended 31 October 2026 INVESTMENT INCOME 31110r25 31110124 Rents wfv•J 30,000 NET INCOmEIIEXPENDuftE1 Net incNnelleyeTrJiturel is Sta •fter tharginlad1tin0I'. 31110r25 31110124 Depreriatitsn. owned as8 Indep¢ndent Ex8rninerfee- AcUnts proparallon Indgp•nd8nt Exomin¥fe•. Indeent ExaminaOn 453 876 876 335 1,050 TRUSTQES. REMUNERATION AND BENEFITS Tl tru8tees, who tho key m#nog8rMnt wrwnel olthè cknarlty, dKI not any carn8at in •ither the yearended 31 Oclot¢r 2025 or In the pri y•ar. Tr1•, •xp•n trirj tho year, om tru8tee, re¢i•v8d trellIng •xp•MeJ kntalllng £35812024. £2391. COMPAIIATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIEB Unrèslrfded lund8 Re8lrlcted Iwds Totjl fvnds INCOME AND ENDOWMENTS FROM Inve8bn•nt Income ¢)ther Inccrfre 30,WO 200 21YJ Total 30.200 30.200 EXPENDITURE ON Charltablo acllvltl•• D•v•lopment of Glgndale 01¥h Pr Project BorrgYal• School Cv•lopment 3.183 3,163 3.988 9,799 Totsl 16,946 16.948 NET INCOhE 13.2S2 13,252 RECONCIUATION OF FUNDS Total fvnds brought ft)N48*d 243.629 ,157 251,988 TOTAL FUNDS CARRIED FORWARO 257,081 8,157 P&ae 8
The Glendale Tnt Noles to the Fknancknl Ststern•nts- ¢ontFnu•d fortht Yr Endqd 31 October 2026 TANGIBLE FIXED ASSETS Meanh Pier Borr(41• Stho Plant and mathinery COST At 1 Novernber2024 Oisposals 2&559 206,341 2.307 At 31 Odobw2025 28,559 206.341 2,307 DEPRECIAMON At 1 November 2024 Charge for year Elninated on dpOS#1 2.097 At 31 October 2025 2,129 NET BOOK VALi At 31 Octob8r 2025 28,559 2Ce,341 178 Al 31 Oclobw2024 28.559 2C6,341 210 Frxlur•s ar ry8 Cornputèr equiwènt TotalL4 COST At 1 Novamber2024 Dl8p)s•L• 8,233 4,163 14,1631 249.603 14,1831 At 31 Cktobw2025 8,233 245,440 DEPRECIAMON Al 1 Novernber2024 Ch#rgo for year Eliminated cn dl¥c4•1 4,163 12,809 453 14,1831 421 14.163 At 31 Claober 2025 6,970 NET BOOK VALUE At 31 October 2025 236,341 At 31 O¢tob8r 2W24 238.794 CREtMTORS.. AIKiuKfs FALLING DUE WITHIN ONE YEAR 31110125 3111¢Y24 Othercredlt Amed exFau•g 2,C60 2,180 2,270 2,180 Pagg 9
The Gl•nd*l• Thi¥t Notr¥ to the FInanCl ststsmonts- continued forthe Y•ar Ended 31 O¢tober 2026 LEASING AGREeMENTS Minirnurn leaÉe payrmnts undgr rClole c¢Jwalk¥J lea89s fall due as foYIows'. 31110r25 31111Y24 wrthin one yg8r Bthen and fv¢ y•arg In morn than fve yoafs 1,920 2,880 1,10 3,360 5,280 5,760 Tly'$ oyrattw19a ujvers 20 searB to 31107r2037. KKIVEMENT IN FUND8 Net rnovom8nt In thjnds 1.11.24 31.10.25 Unre•trfcl•d fub)d• (3eneral fvnd De8bnat•d fixed a5ta. plant & m¥chinery Designated fixed •88et8. Borrodab Sthool Dèilgnated llx•d &18etB- M8ani•h P 27.492 21,098 14531 1,441 199,136 28,559 193.136 28,559 257,081 20,643 277,724 R••trlct•d fund• Ph•r (Jonalion Charte8 Hayward Foundabon 6.924 1,233 8,924 1,233 8,157 8,157 TOTAL FUND8 265.238 20,643 285,881 Net moNpm8nt kn ftmd8, Indudod In the ats ar• aB follow4.' In¢omlnq r•sourc4• Re60urc•i eynded Movement In funds Unre•td¢t•d fund• Genaral fijnd lJe8b3n8ted fixed a¥bat8- plant & mathinery 32,750 111,6541 21,096 14531 32,750 112,1071 20,843 TOTAL FUN08 32.750 112,1071 20,643 Page 10
Th? GThda1e Tnt Nots$ to th¢ Finan¢kl ststsmen¢s-¢0nnU•d forth• Year Ended 31 October 2026 MOVEMENT IN FUNDS. contInd Cornpar4llv•• for rn¢)¥gm•nt In fund¥ Nel rnoverngnt in fund$ 1.11.23 31.10.24 unStrICt•d fund• General fund D¢8KJnated 888•ts- pt & machinery Designated fixed aseets- Borrodale Sthool Designated fixed as8ets- Meanlsh P 13,897 13.595 27.4W2 2.229 I,144 28.559 1335 1,894 199,136 28,559 243,829 13,252 257,081 Re•ld fund8 Pl•r donab'on Charte¥ Hayward Foundatlon 6,924 1,233 1,233 8.157 8,157 TQTAL FUNDS 251,988 13252 265,238 offparatNg net movenK•nl in furds, IndUd In the gbov• are a8 Wow8'. Incomlng reBourcei Resour• •xpend•J Movgrn•ftt in fvrS Unr••blct•d fund• G•neral ijnd CwvJnated fixed as8èts- pK4nt & machinery Dowgnated fix•d 98aet8- Borrodale S*ool 30,200 116.6051 13,595 13351 13351 30,2CKS 116,9481 13,252 TOTAL FUND3 30,2CQ 116,9481 13.252 A c0nt yaar 12 month¥ Ind prior year 12 Th¥Jnlh$ offlned wIon h JÈ follo%w'. Net moverrent In fund8 At 1.11.23 31.10.25 Unmtrfetad fund• Genergl fijnd ()8$nat8 fixed a88•ts- plt & machin Dèsonated fixed as8etg- B(r0dale Sthod DIgn8tsd K%8d asset8- anish Pier 13,897 34,691 4B,588 2,229 199.144 28,559 17881 18 1,441 199,136 28,559 243,829 277,724 R•Jtrlcted fiJnd• PierdonatTh Chart8B Foundation 6,924 1,233 6,924 1.233 8,157 8,157 TOTAL FUNDS 2S1,986 33,895 285,881 Page11
Tlw Glondakn Trust Note6 to the Flnancknl stAt•m?nt•-contied forthe Year Ended 31 October 2025 1K1MENT Itl FUNDS- contlnued A cuent year 12 month$ and prior wr 12 months cjMbin n•t mo¥ennt in funds. indudad in th8 ab)v• ar• a8 fol¥$.. Inrx)ming re8ourcoS Re8ourceg expended Vovement in bJnd8 Unr•strfctod funds General fijnd Desunated fixed •uets- plant & machi D8s¥nated fix•d 88get8- Borrodale School 62.950 128,2591 34,891 1788 17881 181 62,950 129,0551 33.895 TOTAL FUND8 62,950 129,0551 33,895 The'Pkr Donatlon, r•Btrfctsd has been forward 11 t4 •ypentsJ agaln8t firtur• de¥8bent of Me¥nl&h p. T fhars Hayward FouTh•0n. r8sln'(tsJ fund, h an on-golng wtyect to provhyo PK>odb4rtd da&ges. RELATED PARTr okL0$UREs Thar• re no rdaled paty tran10n¥ for1 year end•d 31 Octobar2025. IXnK4TE CONTrOLLING PARTY 11. The cxjryany 1$ Imkad by warantee Jnd 1$ e47ntrclled by rt8 bosrd of dlredm. Paqe 12
The Gl•ndale Thwt Detslled Statement of Flnan¢lal Actfvltl lor th• Year End•d 31 October 2026 31110125 31110r24 INCOME AND ENDOIWEPU8 Inv•8tment income Rents cead 30.Ot#J 30,OD) Oth•r kncorn• Sale ol as8et SSE compensdon 2.750 2,750 200 Totsl I¢mIng I•Ce 32.750 30.20) EXPENDtTURE Chifttablg •cllvltl Trusle8s' expen5e# Postage and Btationery Pier lea3¢ rwtAI Pler professional fee$ Non rnts)verabb InputVAT Sundry expen Donallons 358 239 132 470 3,518 12.2511 15 1,259 School Se¢urty Grant.. GIdk Cornmunlty Hau 1,040 1,019 4,957 5,140 ¥upport ¢t4 MAnag•ment Ral•s and wat InrA0(a Sundrie$ Suli8erfplon8 Plant and machinery FN¢urn8 and frttWVd# 1,256 3,473 5,767 3,294 91 37 421 5,277 9,521 Fln•n Bank charg•s 87 88 Gov•rnine• co•t• Aco)unlan AdvertEslng Corywi•s HoJ80 tse 1,752 2,1) 34 1,786 2,199 Total resourrns oxpend 12,107 16,948 N•t Incon 20,643 13,252 Tli6 pagg does not fo part of Ihe 8talutory fnandal stattments Page 13