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2025-03-31-accounts

COOKIE MATHESON CHARITABLE TRUST REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 scorrisH CHARrrY NUMBER SC041001 Hi'ndt'ffiiin 111:Ick & C I

COOKIE MATHESON CHAAITABLE TRUST CONTENTS Tfusiees, Annual Reptyl IrKJ•perthnt Ex4min•r'8 A•port Slatèffwnt ol Finartial Aciivilies Balaw Sh••i Stal•m•n¢ of Fk)ws Not•$ 10 tl* A¢ethJni$ 8-10

COOKIE MATHESON CHARrrABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Irusiees present Iheir annual rewrt aThl financial stalemenis ol Ihe charity loi tho year ended 31 March 2025. The linancial slalemenls have been Pfepared in aCc￿danCe wilh the accountino pol¢ws s81 out in note 110 the accounts and cornply with the charily's Irusl deed, the Charities Ac¢ounls (Scollandl Regulations 2006 la5 amended) and AccounlJn9 and Reporting by Charities. Statemanl ol R9¢0mmended Practice applicatje lo charities pieparing their accounts tn accordance with the Financial Reporling Standard applicable In Ihe UK and Aepublt ol Ireland 8ft8ebv8 1 January 2019 IFRS 1021. Oblecllves and o¢llvllle$ lor the publlc bènellt The purp058s ol the charily are lo promote education in and pract￿8, enjoymenl appreciation ol the mu51cal and p￿Orial arts In Scotlarny. The Iruslees am to surmrt activities delivefing wide public benelit in pursuanGe ol Ihesg purwses. Gf•nl mBklTrg pollcy The charity has eslablishod Ils grant making policy lo achieve Ils th'ecls lar Publ￿ benefit. The Iruslees review the grant making w1￿Y annually lo onsure it rdl8¢ts ihe charity's wrposes aryj thereby delivers public benelil. A•vl•w ol &chlg¥emonti and perforni•nce.' How th• c￿rIty gr•nt progrnmme d•llv•rnd publle b•n•flt The benefits ol the charity's work are the supporting ol events and activities delNeiing the muS￿al and pictorial arts lo a wide audlor￿•. The Iru51ees receive reports and leedback Irom the recipierns ol grants and ar• satisf￿1 with the achievemenis and pertorrnar￿ ol the charity as described below. In the year lo 31 March 2025 the trustees made fi"Iieon chaiitable grants lotalling £94,694 12024 - len grants lolalling £44,000), The rec¢￿enIS a¢e listed in note 3. Inve•lm•nl poll¢y •nd p•rforni•n¢• •nd Fln•nel•l r•vl•w The charity's work Is eniifely reliani on Ihe Income from its invèstments. Quarterly rgporls aT¥ re¢givgd Ifom Ihe charity inveslmeni advisers SOUino out key laclors lo be considered and proiecb.ng leve55 of Incomo and invesimenl management charges. The Invesim•nis ale managed on a discretionary basis by Brewin Dolphin. No specific reslriclions have been sel. The ITusl8es aim lo maintain a large Inveslmenl portrolio lo geneiale Ineome lo supwil tho pfogramme ol char%lable aciivilies and also to achigve captlal giowlh. The Iruslees are salislsod wilh inve$im•nt p•rformancé in the yèar. The re$ull8 lor the year and th• ¢harrty'$ linanaal Posbtion al the year end are presenled in the attachod ac¢ounls. There was nei expe￿￿11u1e 01 £76.761 12024 £23.1331 belore nel gans oi losses on Investmenis. The roswv8s carriod lorward al th8 year eTrJ amounl lo t1,777,079 12024 £1,826.9921. All reserves were unreslricled. Rlsk management The Iruslees have assessed the maior risks lo wl)¢h the charity is exposed arwj review these risks al least annually. The reviews Cons￿9￿ Iho proceduios in place lo addre$5 and minimise the risks and changes are applied as appropriate. The principal risks laced by the charity lie in the porformance ol its inv8Slmenls and operational risks from in•lle¢iive granl making as well as the capacity ol the charity lo make elleuNe grani$. A lurthér risk 18 Ihe ability 10 recruil able Ifuslees wrth reTrevanl skills and experience.

COOKIE MATHESON CHARITA8LE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AIARCH 2025 Th• Irust•6s ¢onswJ¢r lh• variability of inve$lm•41 returns Ifom the portlolio lo be the charity's major iinarKial risk. Tlis risk ¢8 mrtigai•d by tho app)IntsreN ol exper, sYoles$K>nal athiseis with eonsideiable •xperberK• In tho charty sector. The risk ol ffieltecir4fe granl makrry is athe$s￿l by maintaiThng ¢oract with the recpents ol grants. R•9•1¥￿ pollcy The irJsiee5 airn ￿ mainiw Ir•e or hquHJ resofyes ai a levd wh¢h •nabl•s thorn to any appiopr4ie grani aFylui¢ons. PefifAlrally Ihwe Will be adth'tswl sums h•td to rellecl Investment athta. Pl•n• lor lh• lutur• The Irustoes arg commffj•d to •f￿rry Ihai Imy Can $u$lain a Sl9Tht￿a0f lyo1 ol •dppott loi th• mLsKal and P￿orIal arts In Scotland. Slruclurn. Governaneè and M•n•gement The charity Is an unincorrxiraied Irust. esiabhsh•d undfyr a trust d••J d•i•d 20 Maich 2(W)8. New Irust•83 are ￿minated by •xrJt¥ng bwst•os afKI aty aopoffitment will lolkm a pxocés$ ol iThJu¢t"on wbgfety relevant Jnlormalion te w0v￿od lo allow new Injsleés 10 lullil th•w oblNJatsMs. Th• trustees rn••t as oft•n as roquw•d arhy th• day to day adminr4lTaliM * carriJ out by the charty'5 retar￿$. R•1•f•n￿ •dmlnl•lr•ll¥• Inform•llon Tru•lM• The Icllowing persons have served as '.rusiees aJfing Ihe year a￿1 since the yaar •nd. secre1ar￿$ and Addiess ol Adminisliali¥a Q#iG8 Thornions Law LLP. Kinl)uin Cast￿. Si Andrews. Frfe. KYI 6 9DR S¢ollish Ch•rfty nuffi￿r s￿ll1$h Charrty Number. SCO41001 mln•r endorson 8lack & Co. Ch•rt•r•d fv£cwniants. Chesiney Houjo. 149 Mark•i Sir••l. Y169PF vtstm•nt Ad¥lMr• Brewn Dolphin, 7 Drumsh•ugh G•rdwN. Ethrthrgh. EH3 70H

COOKIE MATHESON CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDEO 31 MARCH 2025 TN•t•••' R•ipon•lbllltl•g lfi r•l•ilon i• th• Iln•nclal •w¢•ffl•ftt• Th• cttarity trusieos are fosF¢nsible lor preparir4J a iruSle85' annual fepon aThY linancial saiemen15 In accorttaoce wilh agplta¥e law ana Uniied KnoJoffl l£countw Siar#aards (Uniloa KinThlom Generauy Accewed Accouniiw ?raciice). The law app￿ab￿ to charth"•s m Scodand rwues fv chwty tr￿10•$ to linanoal stat•ménl$ lof ¢a¢h year which give a Irue aTrJ lai ol the Slale ol atlars ol the Charity and ol rts and oxpendilw? lor that per￿. In pr¢wirKJ Ihe Inar￿￿1 SWIen￿ty. lh¢ IrJ$tees afe requiiad IQ. sei•cl Suitable a¢countiThJ rxi1￿1•s ar￿ Ih•n compty them consislenlly,. observe the ffl•ihod5 arKS pnncipl•s In the •pplrabl• Charili•s SORP. make iudgomenls arKI eslimates Ihal are roa50nabl• and PTudgnt: slate whether appI￿able accounting 51an¢Jar¢J5 hav¢ boon lolbwed, subjxi to any mat•rial dooarturt¥ djsclosed and explained In Ihe t,nartial siatem•nts, arKI pr•par8 Ihe tinarial $ts1oments M itte goiw corKern balo unl•ss il * mappropriat• lo w••ume that th• charily will Cmlinuo In 4¥>oraiion. The iruslees are responsible lor keepr4 proper ac¢ouniing records wh¢tr disdose with reaso?alYe accufacy a& any 11rnè ihe linanoal p)siliM ol the ¢harrty ar#J lo enable ihom lo ensure tyhal Ihe Iinancial slalemen15 comply wlh Ihe Charitt•S ar#J Trusiee Invesmenl IScoiiaTrJl Act 2c4)S. th• Chants•s Accounts Iscoriandl Regulaiions 2006 las arn•Tr#•dl and the provisjons ol the charity Trusl doed. T￿Y are also responsible lor sale9uarding Ihe ass•is tr. the charlly aTrJ lakir¥J r•asonabk sieps lor the prevention aTr# deleaion ol Irauo arn1 Olher ITre9ulariMs. Tho Iru8l••S ar• r•spMsOl• for th• mainl0￿nc0 and Iniegfity ol lh• charity ￿ linanciai inlofffla￿n Includ•a on tho charity's wébsil• In acco.'OarK• Wblh 1•9thW In th• Unrt•d lfjnodom go¥•frMn9 th• Pf•pafatKJn •nd ai$seminatson ol liftanc￿ siatoments. A¢orcv8= bi',ie'iL).ees ayc s r-Ipd=n Irs>j' 3 O•¢•mb•r 2025

COOKIE MATHESON CHAArrA8LE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE COOKIE MATHESON CHARITABLE TRUST I r•wt on th• w￿ntI ot tr• chan lor th• y•w •ThJ•d 31 PAarth 2025 ar• pages S 10 70 R••pKliv• R•wn•ibiISll￿ gt th• Tru¥l••• •nd Ex•fflirnr The char iy's Iru51ees are r•¥Onsi￿¢ tor the ryeparall￿ ol I￿ x£cwnts in acurdaK• wrttt the rm$ ol the Cl7arrts aryl Trustee IrN•stnnt IScoiL4ndl Aci 2005 and Chwii•S Acccrtjnts IScoMaThll R•w ati¢Jns 2006 la8 am•nd•dl Th• ehaiity truslwi consKl•r thal juart r￿￿1r•￿en1 ol R•gu ali 101111a1 to Ic,, ol IM Accounts R•JUlai￿ans do•$ apply 116 my ièsoonsi￿lIlY to oyarnine Inè ¥¢outhS nder $•c￿n 441 I Ilcl ol Ihe kn aTrJ ￿ s￿10 wtKgtr• Mrtular matiws have c(#me to my artontpan. Thi¥ i•port IS mod• to lh• ifUSt•e5. as a Dcty, n accoidwKe wrth Ilw twms ol my engagemeffl. Uy w(Nk has C4￿ Urth￿•n $0 thai i tTr.1gM $iat• trbS¢$ I￿• matt•rn l r•ty4 r•d lo slaw to It￿M In an iThJepernl•ni examw)•r's rep)rt ano I¢y no Oiher wiposg. To iho lu11481 extent Frrnitt•J Dy law. I do not a¢¢w Of 489uff• I•$pM￿1ty io Ih•n tr• charity lh• twst••s lor my Of lor Ihs feForl. B•$l$ al Ind•p•Thl•nl Ex•mlMr' Stt•m•nl My •xaminalion $ carrd oul In accordance Rew abon 11 ol the c￿1￿•5 AccoLni8 Iscollanttl Regblaiiorys 2006 ias An •¥afflin•bon ilKI￿•S a rwow ol m• K¢c￿ntsnG rKcr¢s kopi Oy If• charity arLI o cornpar son ol th• xcwni$ y•sffl•d wrth those rKords. It a'.80 In¢ud•s eons derai)n 0¢ 8ny Unkn￿al rtoms Of dix'osur•s In th• aCc￿rS. and s•eks expanatons fvorn lhe Irust•es conc•rning any matt•i8. pro￿a￿r•s utrtaken tto PffjVK>e all Ihe evN1•nce ¢hal WOL1 be r•qu•O In audil. aNI ¢onswJ•nlly l ¢Yo •xpr•g8 an abdil Otynth)n on lh• gi￿rt by th• &CCOunu. Ind•p•￿t Exwnlnw'• Sthl•ffl•nt In th• CQLll• of nry •x4rninat.on rn fflanw hM com• io ffly all•ftt'￿.. vthh gibs m• roasonaoi• eaLs• * o•heve Inat In any m•t¢r al rgsm Th 'wuwomgnls". to k••p accotsnting f•¢tyds ￿ ¢ordan¢• S•¢tiM 44 IIHai ol IIN• 2CQ5 Aci aTha R•gul&ih)n 4 01 im 2CKX Acewn￿ A•gulai ons. lo prepare xcwnis Wh ch accofd Ihe ￿cOUntI￿j iKords coM￿Y R•0￿ al￿￿ 8 of th¢ 20C6 A•gulaiions hav• ry>l rn￿. or 2 to wh ch. m my 1¥in￿. •tt•nbon Sh￿￿d o• in ord•r to •n•b• • kwop•r urthr8lw￿..rwj ol lh• accoun￿ ￿ be r•acW. Chesiney Hou 149 Mwkel Str••t Sl Andr Fl KY16 9PF H•nd•r•on Bthck & Co Ch•rt•r•d AccouniMt•

COOKIE MATHESON CTrIARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Prlor year Tol•l funds 2024 Totol lund8 2025 Nol•s In¢ome from: Inveslrnenl Income.. Income from Invesimenls Interesi on deposill Toial Ineorne 38,473 779 40,507 501 41.008 Expendllure on: Raising ILbnds Ilnveslment managemeni coslsl Charitable a¢liwlie$ Total experKlltur• 11.911 104,102 116013 10,739 53,402 Nel expendllure bolore galfi$ on In¥•$inwnt* 176.761 123,1331 Nei gains on Invostm•nts 188630 N•t l•xpondlluf•Vln¢offl• •nd N•1 fflov•m•nt in fund• 149.9131 165,497 Re¢on¢ill•lion of lunds. Total lunds bfoughl loiward 1,826,992 1,661,495 Tot•1 lund• c•rrl•d l¢xw•rd 1.777 079 1.826,992 The stal•menl ol linancial a¢lNili6s includes all gains and losses in the yeai. All ifteome and ex￿￿311￿1• doriv•s Irom contsThJing aclNrti•$. All lu￿18 are unre$ti¢tsd. Tho notes on pag05 8 10 10 form an integral part ol Iheso accounts.

COOKIE MATrIESON CHARITABLE TRUST BALANCE SHEET AS AT 31 MARCH 2025 Total lund• 2025 Prlor y••r lund 2024 Flx•d •8MIs: Inveslrnenls Tol•l flx•d •sMI• 1.726.531 1,726.531 1,745.663 Curr•nl •u•ts: Cash ai bank and In hand Tot•1 curr•fit •M•l• 59.548 59.548 116.496 116,496 Llabllllles: Cr•dltois: •mounl• l•lllry du• wllhln on• y••r 5,OCKI 4,OCL) 9.000 Accruals Total currnfit Il•bllhles 3667 33.667 Cufrnnt 50,548 82,829 Tothl l•u ourr•ni Il•blllil 1.777.079 1.828,492 Crndllors: amounts falllng du• alter mom than one year ii.sooi Total n•t ••MI• 1,777,079 1 826.992 Th• lund• ol th• charlty: Unresir¢i¢o lunds Tothl ¢h•rfly lunds 1.777.079 1,777,079 1.826.992 1.826.992 Th￿9 ljnérr.t¥.I s?t•In￿•S wwe by *￿e t￿lstee5 ?ry.I siarkgd ￿ Ihwf by. 3 D4cambaf 2025 Th• rnios on pag•s 8 to io an ￿t￿Tal part ol th•s• acwJnt•.

COOKIE MATHESON CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Total lund8 2025 Prlor y?•r tunds 2024 Noles C•sh flow¥ Irorn operntlng •cllvltle¥'. Net c••h us•d In oper•llng •Cil¥ltSe8 b•low) 142,180 41.469 C•8h flows trorn Itwestlng •dlvltlu: Investment Income Inlere51 on deDOSrts Pioceeds from $ale ol investrnents Oecreasellincreasel In casb. Iield loi InvosTheni Purchase ol Invesimenls N•t ￿¥h provld•d by Inv•stlng Ktl¥i1S•8 38,473 779 342,454 23,867 320.341 85.232 40,507 501 373.643 121.0941 335,6351 Ch•ng• In •nd ¢•gh •qulv•l•nl• In lh• y••r 156,9481 16.453 Cah And c•Jh •qulvalents brought forward 116,496 I￿.043 C••h ind c••h •qulv•l•nt e•rrl•d lorward 59.548 116.496 Analysls ol chang•s In not d•bt 2025 2024 Cash at l Apnl 116,496 1th).043 Cash flows In year 156.948) 16,453 Cash al 31 March 59,548 116.496 Ro¢on¢lll•llon of n•t Income to n•t cA•h Ilow Irom op•r•tlng Ktlvlll•$ 202S 2024 N•1 fexp•ftdlture)Ilneoffl• foi the year (•• per th• $l•t•m¢nt ol tln•n¢l*l acllvlthj) Adlustments lor: Investmènt Income Inleresi on d8posilS Gains ofj Investments IDeciea5ellincrease in crethtors Not u•h u••d In oper•tlng •ctlvlll•s 149,9131 165,497 138,4731 17791 126,8481 26,167 1142,180 140,S071 15011 1188,6301 22,672 141,469

COOKIE MATHESON CHARITA8LE TRUST NOTES TO ThE ACCOUNTS FOA THE YEAA ENDED 31 MARCH 2025 a¢eounlln• Polkb•# Th• pv ncipil ¥ccouNiry poh¢•• 4¢c•i•d. .udg•m•Ns arJ 4•y •tha1￿￿. UlYAtsnty ￿ lh• •Wai￿n ol th•';piw•l siai•¢fi•f4S ¥• as loftths 1.1 B••i• •1 pr•p•r•ll• Th• I"'n•ncia! siawftpi5 have b••n wepareo urth me hsv¢al coji con¥enih)n w,Ih Iiemg recogrsea Iinantsai t'.ar•menii h•ve ￿-. preoarec n accord￿e anc A•poTr.rg by Charrt¥eJ." Si•i•r,eni 0,. R•¢ornm•rK•d PtxKe •wtKab 10 :h￿l•S veparty n ￿c￿￿1nc• Ih• F￿an￿lI R•portifg Siindard r ITh• ara RopJtr¢ ¢1 .f•lano IFRS 1021 I •nu•ry 20191- (Charil￿ SOAP IFRS I)21. lh• Fir•wi A•wrriry Sl4rdaf¢ In lh• UC ano R•publ.c ol Ir•￿TrI IFRS la2; •rb) Ih• Craniwi L¢ouni8 IS¢diar; R•gulIM$ 20061ai am•tyJ•dl Th• Cooki• M•fft•%>n Ch•riiabl• Tr411 fb••ts th• d•lthY)n 01 • b•Mlil •niity unJ•. FRS 102 Th••• Inavci•l i'.•i•rwDii a'e G¢•uni¢l In powth si•rVry. lh• ¢Uf.'•rty ol iy Twii Floynuiw i• 10 p• n•w•si oovnd Th• liui',••s thiiA1•1 If+ai IMr• ¥• no ab(￿[ lh¢ ¢h•iWI •bty 10 c•r4.w• gtyr.g cowm. 1.2 Fund •¢¢ounllng A4 01 ih ¢hWlly krdi •r• knnrnllr¢i•d. Llnr•Jts&#•d Irwi• wnpyiv LW• nicty ¥ truitmi v• Irm lor puig9•• In C￿111￿[4• 1.3 IrKom• M¢•gnl¢knn Al ￿Corr• li rKcsnr4•d ¢inc• lh• J•r'.ty has •bll•rn•ni ￿ IP• is wobat4• it+ai bX• .rrtom• 11 b• r•¢th•d ind •mtyJM Ot Incon• f•c•ivabi• b• r•lKabty Imi•ilrn•nt r•wgniMd orK• if ty•w d•dar•d nOtsh¢•ib)r tt48 t••-., rnc•v•a. Thty bs r•iraWy upon ro'..l¢aiio- lh• charity ..nvwirreryi kn,wr Int•.￿1 on h•hJ ¢n d•posil N IndvQ•C •n I•¢•￿￿• •fj¢ c•-. b• r••￿"￿ '•tsat4y by IM ¢Mriiy. TM 4 fiOfr.a.ty ￿￿. ftoirftaip ol lh• Intw•si pa&# or pAYab￿ Dy bank o. InVe￿n•￿ adwrf•f 7.4 l¥p•ndliUM and irne•v•rAbl• VAT Expendiluro Is r•wnis•¢ mw• li a o.. e0r4tnl￿fv 014 g•Lof ¢QTmi'JW IP.• ￿hfr,Y fvi •ip•n¢ilut•. * s oobaty•'.rtai S•-..￿T•￿t )•'•qbirrf IM Imobni b• m••sui•O'•li•uiy. Al •xp•nditur• is I￿nI￿ lo", on an ¢iL btsi kr•¢ff4•r VAT •• • ¢0¥ •g•M th• 4Clivil¥ %¥hKh th• •xpvéiibF• was r￿uired l.S Flx•d •Jxl I￿￿•1M•￿Il Inve$irDenl5 a'e a lorm ol b•sr fin4nuol ffi•iruffl•N$ 4r• r•ewiMd ai IiV4tI ¥￿￿• •rd sbbs•qu•thty tm•as¥t¢d li ¥&L• li il m• sh••'. d•1• Ihe qu¢t•d mar¥•i prK• Th• 4y ￿￿,¢¢$ Ihe nei 9wri ￿ ks3•6 on r•v•.u•iw •rd Ihroughodl Il y••r. Th• th•my ¢•K w •EqYW• ty+i o•riValiV•S or Qihy compl•1 Iki•nci•h rn•g1s l.• Ibn•n¢l•l In•lnbm•nts Fancial Irsirum¢nls w• f•COOfyd In Tr• chwrfy's •tht r.• ¢h•rity b•¢4rnM P&Tr lh• coniiaclu•l piovwns ol th• mitrum•fti hn4nEwl tsi•ii Ind￿• ￿h b￿-.,C•S1 4nd 14ts¥A•s IrKKJ• ¢ff•lO1$1 •1• IwJ•Hy ffl•uyr•3 ai wr￿l￿n.. IK•IV•ty w p•y•ty• m¢ydiNJ •ny cosis ai• sbbs•ob•niiy carr1 ai arnortY6ed cos.. one y?4f •f• nol •fft0rtL￿d. 1,7 R••llMd g•in• •Thl lo•••• All g•ins •ThJ a'• t•x•n io lh• Swi•r•n¢ ol FYwts•l lJiv 14 •• Th•y ahs• A•ahMd 9•ffjs and ryirrfj values or I￿11 putchase v•h)• Il ￿t4¢9￿t ￿ It oiy d b hnanc￿l y•ai Lfv•aiis•d 941r.# ¥• ¢awi•a IS athi•rt• b•Thrt•n lh• l•il li f• y•af •nd J cafryty value A￿l.￿d •r#J yN••liw4 ￿¥•1111￿ gWII Ina •r• c¢rkn•d ¥1 th• $￿tIment ol Ac:i¥rt*s

COOKIE MATHESON CHAR￿ABLE TAUST NOTES TO TrIE ACCOUNTS FOA THE YEAR ENDED 31 MARCH 2025 A¢counting pollel• ieoiitlnu•dl IJ T•xiiion TP• èx•mp¢ Ir4>n tts or. ￿¢0￿ •nd ¥•in> und•1 ￿￿￿1￿,.¢9,,￿atlv. thai ',tyn• ar• Wi•0 '.0 its cMniabl• 1.9 Jud9•ff4nis In •pptylng •¢counllng pol •nd k•y tourtel ol ••ikn•tk+ft bry the appiicaiM)n ol the chaniys xcoJniing Jobries "e IrJ$iee$ we .'¢qJW￿ io rn•ke Ik•em¢ni¥. •siinikt¢s •nd Is￿mpl￿)￿l th• carryng anow.. ol ass•is anc Iiat¥l ts•i th41 •'.• n¢1 r•adi y v•ilaty• liom cthw scurcv Th• •#)rnaM r7 ss¢<i•i•d arq b•std on hvalOttI •Xpéri•￿• oiw lac￿1$ ihai •r• r•knvwi r•sJfis dVl•r tr￿ t￿1$¢ Acciu•l¥ Ka5ed Ihe'e i a re•io•atr• •xp•v.aiA)r. iryai If•M coi'.$ ¥rl noi D• ThoK•d.n:;• I￿l￿r• Th• ¥lu• ol th• ￿rtI om• ty Iruiims. In ol th• tsrn• l+Y m••iir41 ana otp•r m4rm, roi r•l*•oiK In th• 4¢¢oWl¢S U rt ¢•nroi M cu•AtsI•¢. -, here ro emtyoyè•s th th• YW 112024. rwh•l. Ch•rii•bl• ibvlll•• 2025

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COOKIE MATHESON CHARrrABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAACH 2025 4. In¥••lm•nli In¥•4lm•nl• •1 l•lr v•lue cofflprlmd: 2025 2024 8onds UK equilies Overseas equits Properly Oiher Invesimefjls Cash 114.805 354.983 1.108,610 16.117 123.629 8.387 1,726,531 116.521 398,603 1.061,499 18,045 118,741 32,254 1.745,663 Tn• ￿l$tOrica., ￿$1 ol invesim•nts ai 31 Maich 2025 was £1,494.911 12024 - £1,483.5831. Movement In Ilx¢d •9g•t Inv¢stmenls 2025 2024 Fair value brougb,I lorward al l April 2024 AKJrtions lo InvesThonis at cosi Disposals a: carrying value Chango In cash heK1 lor investment N•1 gainiiiossl on revaluatson Fa4r value as ai 31 March 2025 1,745,663 320,341 1317.4541 123.8671 1,848 1 726,531 1,573.947 335.635 1332,8881 21.094 147.875 1.745.663 All inv•strnan15 are carr1 ai Ihthr lair vahJe. Invesirnents are traded either al offer Pr￿e$ lof Investment funds and unrt trusts or stock exchaqge markei pri¢es. The basis ol lair value Is equivalent to markei value Using bKI pr￿0 or ITaded markol rffKes. Pioce6a8 ol salé and purc.as8s af• rocognised at the oale ol trade ai cost Ilhal Is the.: transa¢i￿n value). The si9nilKance ol financial insirufflenls to the oTrJoing linancial suslainability ol Ihe ¢harily is consKJ8r8d in tho financial revwi and inv•$trMnt pjlicy $Ktioro 01 th• twslws. annual ieport. M•ierl•l In￿StmentS The Iruslees cas￿er ￿di￿d￿al Investment holdiThJs In ox¢￿$ 015% 01 Ihe portlol) 10 be maielial. Material Inieresis by 2025 2024 Vanguard Funds - S8P 500UCITS 124 228 120.675 io