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 L￿AR 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 Bal*nee Sheet Cajh Flow St*tsM￿l 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 Dec￿lber 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}. 0￿ECtIV￿￿ 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¢. Gra￿t aw*rds 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 k￿t available funds in inierest-bewing d¢posits and s*k 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 Organi￿lons.. 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 appo1otmt￿t 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 str￿egy 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$t¢¢5 Training of trustee5 15 dclivered &8 i&sues are identified. Page I THE LUNAR FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ETr4DED 31 DECEMBER 2025 STRUCTURL GOVERNANCE AND MANACEMEP4T Related parties None of the truste￿ receive remuTfft&tion OT other kuefjt from their work with the charity. In the Current year donO1ions tts1￿[1￿g £I.143.79412024.. £1.ty)0.1221 were received from Lunar Fishing Company Limited, a company in wfiich the trustees are directors. 'rhe charity received donations totalling £89,68012024.. £59.9701 from the trust¢es during th¢ yetr. The chaJity receive5 accounting and administrative 5ervice5 frorn LvDar Fffe2in8 and Cold Storage Limited. a coryjwy in which the trustCC5 are director4 there 15 no charge rnad¢ forthcsc 5ervicc5. No other r¢laied party tr2nsaaions wejp reponed. Risk management Th¢ tnJsi¢¢s have & duty to identify 8nd r¢Yiew th¢ risks io which the ehariry 15 exposed and to ¢n5ur¢ appropriate controls are in place to provide Teasonable assurance againsi frdud emTrr. Accordingly the tru$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 Charte￿d 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 p￿parIng 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 requi￿5 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 'charit￿l 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 8CCord￿te with lh¢ r¢quirements of the Charities 2nd TTU%tee lttvesiment Iscotlandl Act 2￿5 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 trust￿5 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 infOrn￿ll0n 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 mlsstaten￿nts. 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 inf0m￿tiOn. 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 in1￿CeS arc re5ponsiblc for thc preparation of the finan¢1 siat¢m¢nts which give a m]e and fair vicw. and for such in￿rnal 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 $tatements as a whole are free from rnAicrial misstsieTn¢nL whdher due to fraud or error. and lo issue a Report of the Independent Audiiors that includes our OPiDion. Rvdsonable &8surance is a high Icvel of &SSUTance. bul is not a gUa￿￿tee that 3n audit conducted in accordancc with ISAS {UKI will alway5 deteci a materiLI misstaternent wh¢n it exists. Misstatemen15 can arise from fraud or error and are coH5ider¢d matcri21 if, individually Dr in the aggrEgate, they could reasonably be expected 10 influence ihe ¢¢onomic decisions of users tsken on the b￿15 of th¢$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 di￿705Ure& inspeaing any t￿legal or r¢gulalory ¢orr¢spond¢nc4 and review of lesal invoices. We 855¢ssed the susceptibility of the company's financial swements io ll￿terial 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 ￿li￿a(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