REGISTERED CHARITY f4uMBER: SC043270 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 FOR THE LUNAR FOUNDATION BAIN HENRY REID C H A R T E R E D ACCOVNT ANTS
THE LAR FOUNDATION CONTENTS OF THE FIIYANCIAL STATEMKNTS FOR THE YEAR ENDED 31 DKCEMBER202S Pag¢ Report of the Truitets R¢port of the IndepEndent Auditor5 4 to 6 ststement of Flnancial Adivities Balnee Sheet Cajh Flow SttsMl Notes to the Cgsh Flow Stst*NEnt io Not¢s to th¢ FlnAD¢lal Ststements 11 to 15 Dttslled StstÈm¢ntof Financial AttivititJ 16
THE LUt¥AR FOUNDATION REPORT OF THE TRUSTELS FOR THE YEAR ENDED 31 DECEMBER 2025 Th¢ irusiccs present their rryort with the fLn8ncial 5t2ternents of th¢ cherity for the year ended 31 Declber 2025. The trustee5 have adopted the provisions of Accounting and Rcporting by Charities.. Statement of Rccommcndcd Practice applicabl¢ to charities preparing their accounts in &c¢ordgn¢e with the Financial Reporting Standard applicable in the UK R¢publi¢ of ITeland IFRS 102) leffe¢tive l January 2019}. 0ECtIV AND ACTIVITIES Obj¢rtlV¢s and gims The objects of the Trust are the prevention and relief of poverty. advancement of education, advancemeTht of religion, advancement of health. the PTovision of accommodation io Ihosc in netd of il by rca50n of aE4 ill healt disability, financial hardship or other disadvantage and thc provision of clre to the aged. people with disability, young people or children andloT r¢lief of thos¢ in need by rea50n of youth. age. ill health, disability. finan¢ial hardship or other di5advantsg¢. Grat awrds In th¢ period the Trustees rtmdc 138 awards amountin8 to £1.209.432 to org8rtisations provided support in the arw s¢( Qui in the objectives of Ihe Trust. ACHIEVEMENTS ANDPERFORMANCE Chiritsbl¢ ic¢ivitie5 I'h¢ charity ha5 continued to achieve il's objectiv¢s by making owards io a numb¢r of¢harili¢$ during the year as detailed in note 5 of the accounts. FINANCIAL REVIEW Prineipal funding sources The charity has histori¢&lly betn funded by donations from Lunar Fishing Company Limiied iota]ling £1,143,794 during the year. Investment policy and objectives lThc trustees. having rcgard io the requirement to b2 ablc to Teswnd quickly when nceded. have kt available funds in inierest-bewing d¢posits and sk to achieve the highe pO]ble T&ie of return consisteni with the need to be able to make grants in em¢rg¢n¢y. RtsÈrwÉs poliry The charity kn minimal ongoin8 overheads so a set l¢vel of Tesery¢s is nvt qUir. The balances held a5 unrestricted funds at 31 tkcember 2025 re £233.746. FUTURE PLANS The trustees will coniinuc io c4)nsider opportuttities ovailable to meet th¢ ¢hatiLy's ¢haritabl¢ purposes by way of gmt mthng to other ch8ritable Organilons.. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its 8oveming docurnen( a d¢¢d of tN5t dated 5 July 2012. and constitutes unin¢orporar¢d charity, Rtcrultment and appo1otmtt of new trustees The trust deed allows a new trustee to bc appoinicd by Testslution of the trustees. Organisational $try¢¢urE The trusttt5 meet when appropriate wh¢r¢ lh¢ u¢t$ agree the booJd stregy and ta$ of a¢iivity for the TrusL Thi$ includes the considerntion of grant t[in& invc5tmentS Te8erves 8nd risk managcmcnt policie5 and pcrfornwLCC. Induction training of Mew tru$t¢¢5 Training of trustee5 15 dclivered &8 i&sues are identified. Page I
THE LUNAR FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ETr4DED 31 DECEMBER 2025 STRUCTURL GOVERNANCE AND MANACEMEP4T Related parties None of the truste receive remuTfft&tion OT other kuefjt from their work with the charity. In the Current year donO1ions tts1[1g £I.143.79412024.. £1.ty)0.1221 were received from Lunar Fishing Company Limited, a company in wfiich the trustees are directors. 'rhe charity received donations totalling £89,68012024.. £59.9701 from the trust¢es during th¢ yetr. The chaJity receive5 accounting and administrative 5ervice5 frorn LvDar Fffe2in8 and Cold Storage Limited. a coryjwy in which the trustCC5 are director4 there 15 no charge rnad¢ forthcsc 5ervicc5. No other r¢laied party tr2nsaaions wejp reponed. Risk management Th¢ tnJsi¢¢s have & duty to identify 8nd r¢Yiew th¢ risks io which the ehariry 15 exposed and to ¢n5ur¢ appropriate controls are in place to provide Teasonable assurance againsi frdud emTrr. Accordingly the tru$tee5 undertake an annual review tsf the charitls a¢tivities ¢0 establish the principal risks arbd unc¢rtainti¢s lh¢ charity faces. The tru5tccs then cstablish and implcment policics to mitigat¢ those ri5k5 identified in the annual r¢vi¢w. REFERENCE AND ADMINISTRATIVE DETAIiS Rtgistered Ch*rity ftumb¢r SC043270 Printipil •ddreyJ FAst Quay The HaTbour Peterhead Aberdeenshire AB42 IJF Trustets S W Banks A Buch&n A Buchan J G Buchan J Bucha Auditors Bain Henry Reid Siatulory Auditois Charted Accountsnt5 28 Broad Strert Pelerhead Ab¢rd¢ensbire AB42 IBY Solititor5 Mwon Glertnie Broad House Broad Street Peterhead AB42 1 HY Bankers Lloyds BAnk PIC PoBox 10 Andover Kent BXI ILT Page 2
THE LUNAR FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 EVENTS SINCE THE END OFTHE YEAR Jnforniation relaiing 10 events since the end of the ycar i5 givcn in the notr5 to the financial statetncnts. STATEMENT OF TRUSTEES, RESPONSIBILITIES The tn151ecs are r¢5p)n5ibl¢ for pparIng the Report of the Tru51ees and ihe financid 5tatem¢nts in rdance with applicable law and United Kingdom Accounting Stand&rds Iurtitcd Kingdom Gtnerally A¢¢¢pied A¢counlittg Practice). Charity law requi5 the (rustt¢s io prepare financial staternenis for each fin2ncial year. Und¢T that law, the trustees have elected lo prepare the financial statem¢nt5 in accordance with United Kingdom Genu3lly Accepted Accounting Prathice (Unrted Kingdom Accounting Standards and applicable lawl. Undcreharity law the trustees tnust not approve the financi statrrn¢nts unless they arc 5ati5ficd that they 8ive a irue and fair view of the slate of affairs of the charity and of the tncoming resource5 and application of resources. including the incorne 4nd expenditUT4 of Ihe charity for that period. In preparing those financial statement4 the Lrusi¢¢s ar¢ required to select suttsble accounting poli¢i¢s and then apply them ¢onsisiently: obsErvE th¢ rnfflhod5 and principle5 in th¢ Charities SORP., tnakc judg¢menls and estimates that are reasonable and prudeDI; sta* wh¢th¢r applicable accountin8 Standards have becn followed. subject to any material dCpartUr di5c105Ed and e%plain¢d in the flnancial stalemenis.. prepare the financial staiemwjts on th¢ going ¢on¢¢m basis unl¢s5 It l5 inappTopria¢e to presum¢ that the charity wll continue in busincs5. The tnjstets Ère responsible for keeping proper Kcouniing records which disclose with reasonable a¢Gura¢y #i any lime the finanti position of th¢ charity and to enablc Ihcm to ensure thai ihe financial staiemenis comply with the Ch&ritics and Truslec Invc51mcnt (Scotland) Ath 2005 And The Chariiies A¢touni$ Istotlandl Regulations 2006 las amended). They 8r¢ also re$ponsibl¢ for safeguarding the assets of th¢ charity 9md hence for taking reasonable steps for th¢ prevention and detectitsn of fraud athd oth¢r irregulaJitie5. Approved by order of the board of tNstecs on 14 May 2026 and 5iBned on its behalf by". A Buchan- Trustee Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE LUTr4AR FOUNDATION Opinion We have audited the finantiaj stÈtements of Th¢ Lun8r Poundatton (the 'charitl for the year ended 31 Decembcr 2025 which comprise th¢ Stat¢tn¢nt of Financial Activilics, the Balance Sh¢eL th¢ Cash Flow Siat¢m¢nt and notes 10 the financial SLiiemen including a summary of 5l8nificant accounting policies. Thc financial reporting framework that ha5 been appli¢d in Ih¢ir PT¢paration Is applicablc law and unit Kingdtsm Attounting Stsndards (United Kingdom Generally Actepted Accounting Practice). In OUT opinion the financial ststctnent5= give a true and fair view of the state of the charity's affai a5 at 31 December 2025 and of its incoming resourccs and applic&tiDn of r¢50urce& for the year then ended; have been properly pr¢parEd in accurdance with United Kingdom GeDeraIly Accepted Accounling Practice. and have becn prepared in 8CCordte with lh¢ r¢quirements of the Charities 2nd TTU%tee lttvesiment Iscotlandl Act 25 and Regulation 8 of the Charitie5 Account5 Iscoilandl Rcgulalions 20ffi. BASIS for opinio Wc conduci our audit in accordance with Intcrnation81 Stsndard5 on Audiiing IUKI IISAS IUKII and applicable law. Ollr responsibiliiies under those standards art furth¢r d¢s¢iibed in the Auditors, responsibilities for the audit of the financial 5tateTn¢nts section of our report. We ar¢ independent of the charity in accordance with th¢ dhical r¢quiretnents that 2re rclcvant to our audit of thc financial statements in the UK, including th¢ FRC'S Fthi¢al Stsndard, and we have fulfilled our othcr ethical respon5ibililie5 in a¢¢orddn¢¢ with thEse r¢quirements. We believe that the audil Cvidence we have obiaind 15 5uifiLi¢Di and appropriate 10 provide a basis for our opinion. Conclusions relatlng to golmg tomoÈrn In auditing the financial statemen we have concluded that the tNstre5' us¢ of the going coDcem basis of attoun¢ing in the preparniion of the financial siaietnents is appmpriate. Bas on the work we have perforned. we have not idenitfjed any material uncertaintics relating to events or colldittons th individually er eollectively> may cast Sl8nificanl doubt on the chariigs abili¢y to continu¢ a5 a going conccm for a period of at least twelve months from when th¢ financial sratements are auihori5ed for issue. Our responsibilitics and lh¢ rtswnsibilili¢5 of the trust5 with r¢5Pfft to going ¢on¢¢rn 8]r described in the relevant tionS of this reporL Other inform¥tio Thc truslccs &re responsible for the oth¢r inftsTmation, "I'he other information comprises ihe inforniaiion included in th¢ Annual Repory o(h¢r Ihan th¢ finanrial statetnents and our Report of the Ind¢p¢nd¢nt Auditor5 th¢r¢on. Our opinion on the finBncial st&tem¢nlS does Dot cover the other inforniation and, except 10 the extent oihcThvik explicitly stated in our rtport, w¢ do not presS any forrr) of a55urance conclusion Ihereon. In connection with our audit of the fin8n¢ial ststements. our responsibility 1$ to read the other infOrnll0n and. in doing 50, consider whether the other information is rnaterially inconsisLent with the financial ststernenis or our knowledge obtained in the audi( or oiheThvise appears 10 b¥ tnalcrially rnis5tatcd. Ir we identify such material inconsistencies OT 8ppar¢nt material mlsstatennts. ive are Tequircd to det¢Ttnine whether this gives rise to a m&ierial mis5tat¢rnenl in th¢ financial statem¢nlS themselves. If. based on thc Work we have Ftrfurmed. we conclude th Ih¢r¢ is a moiertal missw¢meni of this other inf0mtiOn. we are r¢quiT¢d lo report thai fa¢L W2 have nothing to rcpvrt in thi5 regard. Matters on whlch wt Are rtqulrtd to report by Éxttption We have nothing to report in respect of ihe following mait¢r5 where the Charitie5 Account5 (Scotlandl R¢gulation$ 2tM16 require5 US to rcport lo you it.. in our opinion.. the inforniation given in the Report of the Trustees is inconsrsient in any material respect with the firwi¢ial statements." or properaceounting re¢ords hav¢ be¢n kept.. or the financial 5tatertLents ar¢ not in agreemenl with the accouniing records and r¢tUrn5- or we havc not Tcceived all the information Èrtd expl&ngtiDns we require for our audit. R¢$pou$ibilitiEs of trustees A5 explained morc fully in Ihc Statement of TTusiecs' Responsibilitie& the in1CeS arc re5ponsiblc for thc preparation of the finan¢1 siat¢m¢nts which give a m]e and fair vicw. and for such inrnal conirol as th¢ trustees deterrnine is rtetessary io cnablc ihe preparation of financial statrments that are free from mat¢riJ misstaiem¢ni, whetherdue fraud or erTOT. In preparing the financial staicmcnts the truste¢5 Te5ponsible for as$e$$ing th¢ chatitys ability io continue as a going concern. dis¢losing, as appli¢abl¢. Jnatter5 Telatrd to going conc¢Tn and using the going fOnC¢Tn babi5 of a¢¢ouniin8 llllless the iruste¢s either inlend to liquidate the charity or to Ce op¢ration& or have no realistic altemative but to do 50. P&ke 4
REPORT OF THE IiYDEPEIYDENT AUDITORS TO THE TRUSTEES OF THE LUNARFOUNDATION Oyr r¢spon5ibilities for the audit of the financial statement5 We have been appointed as audilts under Se¢iion 44(Ill¢l of th¢ Chariii¢s 8nd I'rtsstet Investment IScotl8ndl Act 21X>5 and report in attordan¢e with lh¢ A¢1 and T¢levant regulations made OT having ¢(f¢ct ther¢under. Our objectives are to obtain reasonable assurance about wheth¢r the fin8ncid $tatements as a whole are free from rnAicrial misstsieTn¢nL whdher due to fraud or error. and lo issue a Report of the Independent Audiiors that includes our OPiDion. Rvdsonable &8surance is a high Icvel of &SSUTance. bul is not a gUatee that 3n audit conducted in accordancc with ISAS {UKI will alway5 deteci a materiLI misstaternent wh¢n it exists. Misstatemen15 can arise from fraud or error and are coH5ider¢d matcri21 if, individually Dr in the aggrEgate, they could reasonably be expected 10 influence ihe ¢¢onomic decisions of users tsken on the b15 of th¢$e financial 51aternenl Th¢ ¢x*n¢ io which our procedures t capable of detectTng irregulaTititt. including frnud is detailed below.. Our appmach io id¢ntifyirtg and assessing the ri5k5 of material mi55tat¢rn¢nt in r¢sp¢¢t of irwgulariiies. including fr2ud and non-compliance with laws and regulation& wjs as follows.. wc idcrstified the laws and regulations applicable to thc Charity Ihrou8h discussions with trnstees, and from our commucial knowledge and txp¢ricnce of the charitable sector., we focused on specific laws and regulaiions whi¢h we considered may have a direct material effect th¢ financial stsiemcnts or thc 0[all1)n5 of the cornpany including the Charili¢s find Trustee Inve5ttnEnt (Seoilandl Aci 2ffl5. the Statement of Rccommended Practice- AccountinB and Reporting by Charities, FRS 102 rcquircmen18 variou5 Scottish Govemmeni Staiulory Instrutn¢nts relating tu th¢ operation of Gharitl¢s W¢ also ¢onsideJ¢d those with an indirect effect including l&xation. d&la protection and anti-money laundering; and we assessed thc cxtcnt of wmplianct with the laws and rtgulaiions identified aEK)ve through msking enquirie5 of manag¢m¢nL r¢viEw of fillanci 5taierllent di705Ure& inspeaing any tlegal or r¢gulalory ¢orr¢spond¢nc4 and review of lesal invoices. We 855¢ssed the susceptibility of the company's financial swements io llterial misstat&nenl including obtaining an undeT5tanding of how fraud mighi OCCUT, by: t[ing ¢nquirie5 of management as to where they considered there w&8 suscepiibiliry io fraud, their knowled of artuaL suspected and alle8td frdud. considtrillg the inittn#l Controls in place to rnitigate the risk5 of fraud and of ntsn-eornpliAll¢C With laws and regulations. and exercis¢d professional judg¢m¢nt and maintained professional 5ceplici5tn throughout th¢ audit. To ttddress the Tisk of froud through mTrn4gcrncnt blu5 4nd ovcrridc of controls wc.- conductcd a r¢vi¢w of large or unusual Item& and trdnsactions ouiwiih the normal course of busine55' pcrfomed anal)rtical procedures to identify any unusual or un¢Kp¢cled relationships; ¢orbsideTed the [EbIlity of undisc105cd rclated party transactions. tested journal entries io identify unusual tr2nsa¢tioo& a5SCS5ed whethcr judgements assurnplion5 mad¢ in detemjining the accoutlting lia(c5 wer¢ indicative of potential bi.. and invesiigaied lh¢ ratiottoie behind signifi¢8ni or unusual transactions. To address the risk of fraud through r¢v¢nu¢ recognition .. ¢onducta audit proccdure5 to confirni th&t it being recogniscd in line with the accounting policy. and carried out subslaniive pro¢edurts 10 confirm the cura¢Y of cut-off In response to the risk of irtegu18rities ¥nd non-¢offlpliance with law5 and reguliti¢ns we designed pro¢e4Jur¢s which include<L but were not lirnit¢d to.. agrecing finaneial statement di5closure5 to underlying supporting docuTnent&tion', cnquiring of ihc irustees as to actu&1 rx)tenti&l litigation &nd claims- and revi¢wing TrpondenCE with HMRC, relevant regulator5 and the cotnpanys legal adviSs. Therc we inhcr¢ni limitation5 in our audit procedurc5 dcscribed above. The removed the laws regulations are from financial 5tatement& the less likely it is th8t we would come awarc of non-cornpliance. Auditing standard5 a150 li]nit tk audit procedures requiod to iderltify non-compliance with laws regulaiions to ¢nquiry ofthe trustees #Dd the inspection of regulatory and legal cotTespondencc, if any. Material tlliS5taternent5 thal aTi5e due to fraud can harder to delect than those ihal arise from error as th¢y rnay involve delibtrate contcalmcrti or collusion. A further description of our responsibilities for the audil of the financial e]¢I$ is Ifared on the FitwJLial Reporting Council. wcbsitc ai www.frc.or8.uklauditorsresponsibilities.'fhi5 d¢5criplioTh forms part of our Rert of the Inderthdcnt AuditOTS. Pag¢ 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE LUNAR FOUNDATION U5t of report This report is madc SDlcly to the charity's trustCCS. &8 a body, in atcordante with Regulation 10 Df the CharitiC5 Accounts {Scotlandl Re8ul8tions 26. Our &udit work has been undertaken so that we might Stare to the charity's tmstees those matEcrs we are reqllircd to state to ihem in an auditors. report and for no other purwse. To the fulleM extent perniitted by law, we do not atttpt OT a$5urn¢ responsibility io anyonc other than ihc chariiy and Ihc charitls trustees as a bthlyy for our audit work, for this reporL or for the opinions we h&ve fornied. Bain Henry Reid Statutory Audiiors CharteTd A¢countants 28 Bro Street Peterhead Aberdcctlshire AB42 1 BY 14Mty2026 Pag¢ 6
THE LUNAR FOULYDATION STATEMENT OF FINANCIAL ACTtVlTIES FOR THE YEAR ENDED 31 DECLMBER2025 21n5 2024 Tots] fjjnds Unrestricted fund Notrs INCOME AND ENDOWMENfs FROM Donations and legaci 1234,675 1,150,429 Investsn¢nt in¢om¢ 1.782 2.816 Totsl 1336A57 1.153.245 EXPENDITURE ON Charitable irtiyitieg Prevention or Telief of w)verty Advancement of h¢aith IW09,519 200,( 9(,596 2(M).000 Tot•1 1.21P)J19 I.](.596 NET INCOME 2&938 46.649 RKCONCILIATION OF FUNDS Total fututs brought forward 2( 160.159 TOTAL FUIYDS CARRIKD FORWARD 233,746 206,808 The notes forni part of these financiaj 5tat¢mcnts Page 7
THE Luf4AR FOUNDATION BALANCE SHEET 31 DECEMBER 2025 2025 Uur¢stri¢ted fund 2024 Total nd$ Note5 CURREIYT ASSETS Cash ai bank 233.746 206.808 NET CURRENT ASSÈTS 233.746 206.808 TOTAL ASSETS LE&S CURRENT LIABILITIES 233.746 206.808 NET A&SETS 233.746 206.808 FUNDS Unrcstricted funds 10 233.746 206,808 TOTAL FUNDS 233.746 206,808 The financial 5t3te]nents wue approved by thE Board of TrUe¢S and authoris¢d for i5suc on 14 M&y 2026 We S1cd on tts behalf by.. A Buch2n- Trustee The notes fomi p8rt of thes¢ fitt8ncial staiements Page 8
THE LUIYAR FOUNDATION CASH FLOW STATEMENT FOR THE YEARENDED3I DECEMBER 2025 2025 2024 Notes Cash flows from operatiig activitit5 C7 gtheMted from op¢rations 2$156 43.833 Net cash pr(pvided by operaiing a¢tiviti¢s 25,156 43,833 C#$h flow$ frDm inve5tin¥ a£tiviti¢s Interest r¢¢eived 1,782 2,816 Net cash provided by investing activities 1,782 2,816 Change in tash and casb t91VIlents in the reportlAg perlod Cash cash equiY8lents at the beginning of the ttportihg period 26,938 46,649 206,808 160,159 Cojb And egsh tquiv2ltnts at the eDd of the reborting period 233,746 206.808 The notes forni part of these fin8ncial statemen15 Pt9
THE LUNAR FOUNDATION P40TESTOTHECASH FtA)W STATEMENT FOR THE YEAR ENDED3I DECEMBER 2025 RECONCILIATIOIY OF NET If4coME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income forthe reportlThg perlod {#$ per tbt StstsNJ¢ht of FimaDcial Artivitiesl Adjustments for: Intere51 received 26,938 46.649 {1,782) (2,8161 Net rwh provided by operatlOll8 25,156 43.833 ANALYSIS OF CHANGES IN NET FUIYDS At 111125 Cash flow At 31112125 N¢t C*5h Cash at bank 206,808 26,938 233.746 206M18 26.938 233,746 Totsl lo68 26,938 233,746 The notes part of these finatlcial st&tement5 Page 10
THE LUNAR FOUNDATIOIY NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAREP4DED31 DECEMBER2025 ACCOUNTING POLICIES BASIS of preparing the finantlAI ststemtnts The financial SLqiemeni have pr¢par¢d under the hi5tOTiC81 cost convElltion with item5 rccognis¢d at wst OT transaction V21uc UD1¢5s othuwise sthted in ihe relevant notel$l to these accourts. The fJnan¢ial staMentS have been prepared in cord8rtc£ with the second edition of the Charitics Ststemenl of Rccommcnded PTactiCC iS5u¢d in OGtob¢r 2019. the Fingn¢ial RHrtillg Startdard applicable in thc UK and RUbliC of Irel8nd IFRS 102)), the Charities aThd TNstee Investm¢nt (Scotlandl Aa 2005 and the Charities A¢¢ounts Iscotlandl R¢gulatioD$ 2(X)6 las amendcdl. The tn constitutrs a public benefit entity as defined by FRS 102. Going concern The trnSts art of the opinion thai there 1$ 4uffirient re%our$ available to continue the activitie% of the charity over the next 12 monihs. Th¢ ttU51¢e5. therefore, have made an informcd judgcmcni. &t the rime of approving the fInancial sratemenis. that there is a Monable exFtttation ihat the charity has adequate r¢sourc¢5 to continue for the IoTeSt¢able future. As o rtsult the ttusttts hove ¢ontinued to adopt the 80in8 concem basis of iccouniin8 in preparin8 Ihcsc financial staicmcnis. Income All incornc is rc¢015Cd in tht Ststernent of Financial Aclivitics oncc the charity has entitlement to the fvnds. it l5 probable that Ihe income will bc Teceived and the amount ¢an bc [neured rtliably. Expendlture Liabilities arc re¢ognis¢d as cxpcnditurc as soon as ihcrc is a legal or tonsiruciive obligation commttting the ch2rily to thai ¥ditUre, il is probablc that a transfer of e¢ontsmi¢ b¢n¢fits will be required in settlement 2nd the amount of tht obligation can be measurtd teliably. Expenditure 15 accounied for on an accruals basis and ha5 been cla55ified under heading5 ih aggregate #ll c05t related to the category. Wherc costs cannol bc directly aitributed to particular ht&din8s thcy havc bccn allocated io aa(viiies on a basis c()nsisi¢nt the use ofresour Grant making Grdnts payable are charg¢d in the year wh¢th the offer i5 conveyed to the recipient except in those Cases wheTe the off¢r is ¢onditional. such grants bein8 recognised 8$ ¢xpendiiur¢ wh¢n ihe condiiions aits¢hin8 ar¢ fulfjlled. Grants offered subject to conditions whi¢h hav¢ not been met al the year end are noted 8 cornmilment. but nol accrued ¢xp¢nditUT¢. Allocotion Ind LPPOrtionm¢ttt of Support costs arc ailocltcd bciween other support costs and charitable activitie5. Support wsis are allouted tt) charitable acliwiiie5 where they dirtcily relak kn ihose activitie& oihenvise they ar¢ lIated to other SUPPOrt costs. These costs relate to Ihc adminisiralivt costs of maintaining ihe charity's bank accounts. Taxation The charity 15 ¢x¢riipt from tax on ils charitable activities. Fund At¢ountiDg Unrestrici¢d funds be used in cOrdanCe with the charitable objective5 at the discretion of Ihe tNs(ees. Rcstricted funds Can only b¢ ud for particular rcsirictcd purposes within thc objccts of the charity. Restriction5 arise whe 5p¢cilied by the donor or wh¢n funds TWSed for particular re5triaed PUTPDse5. No re5trictcd fvnds have exis asy¢L Dongt¢d $¢rvices Donated S¢Tviees arc accounted for as they are r¢c¢ivcd. i(Ihe charity is able to &blY e51ablish the vdue of the services donat¢d. If value is awibut8bl¢ to the s¢rvic¢s rhe provision of service5 is recorded by way of a notr to the financial staternents. Cash at bank and in hand Ch at batlk and in hand in¢ludes ¢esh and thort dep)sits held with banking institutions. Pggell
THE LUNAR FOUNDATiof4 NOTES TO THE FINANCIAL STA TEMENTS- continued FOR THE YEAR ENDED31 DECEMBER2025 DONATIOIYS AND LEGACIES 2025 2024 tk)nations 1234ffj75 1.150,429 INVLSTMENT INCOME 2025 2024 Dep05lt account interty 1,782 2,816 CHARITABLE ACTIVITIES COSTS Grlnt [1$8•f SuprM)rt 05ts1s¢¢ notc 61 TOtS Prevention or r¢lief of pov¢rty Advancement of health Im,4J2 2L¥)ANYJ IJJ09SJ9 2[,{ IJ09,432 87 1309J19 GRANTS PAYABLE 2025 2024 Prevenlion or relief of poverty Advancement of health 9(*Tr,464 21KI.000 IJ•9AJ2 l.Ilkfj.464 The towl grants paid to irtstitution5 during the year wa5 a5 follow5-. 2024 Pr¢v¢ntion or relief of poverty I2332 I,11kn,464 The amouni payable in the Y comprise.. 21125 2024 Lunar Lanka.. 86 8r8nts (2024 69 grants) NHS Grampian.. 10 grant512024 10 grants) Share rica.. 5 8rani$12024 4 grants) Abcrdttn As)cIatIon of Social Service IVSAI l 8rartL12024 1 gtantl UCAN Grampian.. O gr8nt12024 1 grant) Other small donaiioThs'. 36 gr8JJts {2024 13 gr8ntsl 716,5611 716.270 150.(M)O IG4.844 50.(M)O 50,(M)O 35,350 128,738 100,Mo 64.134 1209832 1,106,464 Page l2
THE LUNAR FOUNDATIOP4 NOTES TO THE FINANCIAL STATEMENTS- Contined FOR THE YEAR ENDED 31 DECEMBER 2025 SUPPORT COSTS Pr¢ventton or relief ofpoverty 17 TRUSTEES, REMUNERATION Af4D BENEFITS There were no 1rn3tt¢l tttnuneration or other bencfJt5 for the year ended 31 December 2025 nor for the ye8r ended 31 D¢¢wnb¢r 2024. Trusttts, expenses TheT¢ were no tnjsieeg ex18t5 paid for the year ended 31 December 2025 nor for the ytAr ended 31 December 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢tcd fund INCOME AiYD ENDOWMENTS FROM Donation5 and lega¢i¢s ,150,429 Investment incomc 2,816 Total .153,245 EXPENDITURE ON Charitable adlvitiEY Prevention or relief of poverty Advancemeni of healih 906.596 200,000 Totsl 1.106.596 NET INCOME 46,649 RECONCJLIA TION OF FUNDS Total thnd5 broughi forward 160.159 TOTAL FUNDS CARRIED FORWARD 2808 DONATED SERVIC&S The charity receive5 accounting and adrn1nL5trati sviCES frotll Lunar Freezing And Cold Siorage Limiiei( a compgny in which the trustees diTCCtOTS, there is no chaT8e made for these serviets. .IIN IIEIRI. RF.ID Page 13
THE LUNAR Fouf4DATION NOTES TO THE FINANCIAL STA TEMENTS- fODtinued FOR THE YEAR tNDED3J DECEMBER2025 io. MOVEMENT IN FUNDS Net tnovctnent in funds Ai 31112125 At 111125 Untt$tri¢t¢d funds General fvnd 206008 2@938 233,746 TOTAL FUNDS 2060IV8 2fj938 231746 N¢¢ tnovement in funds includcd irt the above ar¢ ¥s follows.. Ineomirtg r¢50urc¢5 Resour¢¢s expended Movement in funds UDr¢5tricted fund5 GenerJ fund 133fi457 11309J191 26,938 TOTAL FUNDS 1,236,457 11209,5191 26,938 Complrgtlves for Jnovement in funds Net movement in funds At 31112124 At 111124 Unrestricted fund5 G¢n¢raJ fund 160,159 46,649 206,808 TOTAL FUNDS 160,159 46.649 206,808 CoJnparativ¢ net movement in funds. included in the above are ¥ follows.. Incoming resouTces R¢sour¢¢s expended Movement in fijnds Unrestrltted funds Generdl fund ,153.245 (1,106.596) 46.649 TOTAL FUNDS 1,153.245 I1.11.596) 46,649 A ¢UTr¢ni year12 months and prior year 12 months combined P05Ttion 15 as follows.. Net movcmeni in fvnd5 Ai 31112125 At 111124 Unrulricted funds G¢nerat fu] 160.159 73.587 233.746 TOTAL FUNDS 160.159 73.587 233.746 Page 14
THE LUNAR FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continutd FOR THE YEAR ENDED 31 DECEMBER2025 MOVEMENT IN FUNDS- ¢ontinu¢d A current year 12 months and prioryear 12 rnonths c¢Jmbined net movement in fjJrtd5, included in thc above are &5 follows: ItL¢omin8 rcsourccs R¢souT¢es expended Movemenl in funds Umrestrltted fwttds GeThcrnI fund 2,389,702 12,316.1151 73,587 TOTAL Fuf4DS 2.389.702 12,316,115) 73,587 Unrestricted general funds Fllnds Available for the trusie¢5 to use frccly 10 further the charitiC5' purp05C5. RELATED PARTY DlSCtA)SURES DllTing tlle the trnSt received donation$ from Lunar Fishing Company Limitcd. a wrnpany in which the trustee5 are direa0. toialling £1,143,79412024 £1,090.1221. During the y¢&r the trust received donations from tnistee5 totalling £89,68012024 £59.970}. The charity r¢ceive5 accouniing and adminisitative $ervi¢es from Lunar Frttng and Cotd Storag¢ Ltrnile¢l & compgmy in which ihc trustees are directors, there is no charge madc for these servic. 12. POST BALANCE SHEET EVENTS The firtth¢ial statements wtTe authorised for issu¢ on 14 May 2026 by th¢ tros¢¢es. ULTIMATE COIYTROLLING PARTY Throughout the year the charity was controlled by the thJst¢es. Page 15
THE LUNAR FOUNDATIOPI DETAILED STATEMENT OF FINANCIAL ACTIVITJES FOR THE YEAR EF4DED 31 DECEMBER 2025 2025 2024 INCOME AND ENDOWMENTS Dollxtlott$ legaeies Donations 1234.675 .150.429 InYe5tment income D4)osit account interest 2.816 Total incomlng resources 123&457 .153,245 EXPENDITURE Charitabl¢ i¢¢ivitie8 Grants to institutions 1309A32 l.IlkS,464 Support costs inAnte Bank chBe5 87 132 Total resources exp¢nd¢d 1209,519 I,IO&596 Net Intom• 26.938 4AfA9 This page do¢s not foTTn part ofthe statutory fJn8n¢ial statements Page 16