COMPANY REGISTRATION NUMBE￿. SC436153 CHARITY REGISTRATION NUMBER: SC Friends of Hazlehead Company Limited by Guarantee Unaudited Financial Statements 30 November 2025 Friends of Hazlehead Company Limited by Guarantee Financial Ststements Year ended 30 November 2025 Page Directors, annual report (incorporating the directors report) Independent examinerfs report to the directors Statement of financial activitias (including income and expenditure aGGount) Statement of financial position Notes to the financial statements Friends of Hazlehead Company Limited by Guarantee Dlractors, Annual Report (Incorporating the Directorfs Report) Year ended 30 November 2025 The ￿1￿ctOrS, who are aL80 the directors for the purposes of ￿rnpany knv. present their report and the unaudited financial statemants of the charity for the ye8r en(W 30 November 2025. Reference and administrative detsils Registered charity name Friends of Hazlehead Charity registrdtion number SC043564 Company registratlon number SC436153 Principal offic8 and reg￿red 13 Queen's Ro& office Aberdeen AB15 4YL UK Thg dlrgcto Mr DG Shaw Mr JG Walker Company secretary Pinsent Masons *retarBI Limited Independént èxaminèr Simon D Gry*ie 5 Carden Aberdeen AB10 1UT ObJectlve8 and actlvltles The objective$ of the company arè set out in the Memorandum and Articl&s and in summary are.. Th8 advancement of environmentsl wnprovement and prr)tection and the prDViSign of recreational facilities and activitEs for the public benefrt in the Cty of Aberdeen and in furthemnee of this.. 1. The co-managemenl of Hazlehead Park for the of the kx21 and vMd8r ctXnMunt￿@s,. 2. En¢oLEragèment of the communEty to become invotved in the park in a responsibk way, and 3. To promote the patk a5 a visiEor and tOUri5t atlraction. We have referred to the guidance contsined in the Chartty Commission's general guKlance on public benefit when reviewng our aims and obJ"ectives and in pknning our future athities. Friends of Hazlehead Company Limited by Guarantee Directors. Annual Report (Incorporating the DirectO￿S Report) (contthuedj Year ended 30 November 2025 Achievements and perfomiance During the year to 30 November 2025 the ¢harrty has WntrlbLrt￿ lo a number of prcyects wfthin the park. Significant athities During the year the company has undertaken to cgjrplete their existlng projects within the park and surrounding area. Volunteers The operation and succ*ss of the charity is reliant uwn the services of voluntsers. Flnanclal ravlew The Company has continued to work with Al)erd￿ Cty Council in order lo complete some smaD prr4ects dL¢ring the year. At the end of the year the charty conb.nued to Iv)kl the funds raised, holding reserves of £7,907 12024, £69,196}. these are being hekj unb"I surtabk pro1￿ts have been IJentff￿d and a timescale agreed upon for their commencement Plants for future periods Following a review of ongoing projects. the directors have conduded that th8 Oty8CtW8s of th& group have been met and that there wll be no new projects undertaken by them. They are cxjncluding the projects idenb.fied and are proposing to ￿se their activi1￿ On￿ the existing projects have been finalised. If thèré are any funds remaining these will be distributed in accordance with the original objecb.ves of the group. Structure. govemance and management Friends of Hazlehead is a company limit•l by guarantee and iy a registered charity govemed by its memorandum and arb.cles of a5SOCtation. Recrultment and appolntmgnt of new member5 Members are elected annually at the Annual General Meeting. There were 2 rnernbe￿ during tre period under review. Al members retire annualty an￿ are elwJible for re-election. The txjard has the powers to fill any vacanGy which cccurs and to c(wpt members onto the trx)ard. Rtsk manageTwent The members have a duty to identrfy and review the rtsks to which the charity is exposed and to ensure appropriate controls are in place to proMde ￿asonable assurance against fiaud and error. Small ¢ompaThy provlslons This report has been prepared in aC£ordan￿ wtth the prowsions appriCab￿ to (yjwnpanies entitled to the small companies exemption. Friends of Hazlehead Company Limited by Guarantee Dlroctors. Annual Report Ilncorporating the Directorfs Report) (conthued) Year ended 30 November 2025 The directors, annual re￿rt was approved on 18 August 2026 and signéd on behatf of the board of trustees by.. c£u Mr DG Shaw Director Friends of Hazlehead Company Limited by Guarantee Independent Examinerfs Report to the Directors of Friends of Hazlehead Year ended 30 November 2025 I report to the directors on my examination of the fir￿￿￿81 statements of Friends of H821ehead I'the chariw for the year endeLI 30 NovemtrEr 2025. Responslbllltlos and basls of report As tha directors of tha company land also its directors for the purposes of (x)mpany law) you are responsible for the preparat￿n of the financlal statements in aC0)rdan￿ with the requirements of the Charities and Twstee Investment (Scotsndl Act 2005 (the 2005 Acri. the Charities Ac¢￿jnts IS¢Ddandl Regulations 20C6 {as amended) and the Companies Acl 2(M)61'the 2006 Acfl. You are satisfied that the accounts of the company are not rw4uired by tharity or company taw to be audited and have chosen instead lo have an independent examinatton. Having satisfied myself that the accounts of the company a￿ not requi￿￿ to be audited under P8rt 16 of the 2006 Act and are eligible for independent examination, I report in resp* of my examination of the Charit￿$ accounts carried out under seclkm 44(1){c) of the 2005 Aci. In carrying out my examination I have followed the requirements of ReguLqtion 11 of the Chariknes Accounts Iscoyand) Regulations 2006 las 8mendedl. Independent examineffs statement Since the charity is required by company to preFere rts aotounts on an accruaLs basis and is registered as a charty in Scot]and your exarniner must bè a member of a body listed in Reguktion 11 (21 of the charikn.es Accounts {Scollandl Regulaty)ns 2006 {as amendedl. ￿nf1rn that l am qualrfied to undertake the examinats'on because l am ? registered member of ICAS wh￿h is one of the list8d bod￿9s. I have completed my examination. l ¢onfim) that no matters have come to my attentw)n in connection with the examination giving me cause to believe" accounting records were not kept in resWt of the charity as required by section 386 of the 2006 ACL section 44111{a) of the 2005 Act and RegUla￿n 4 of the 2006 Accounts R8gulations', or the financial staternerts do not wrth those Tecords or wilh the accounting requirements of Regulation 8 of the Charrtw Accounts {ScotlarKI} Regutations 2006: or the financial statements do not eompty with the acec4Jnting requirements of section 396 of the 2006 Act other than any requirement that the actxunts gwe a Thie and faiv vlew which is not a matter consideied as part of an indeFendent examination,. or the financial staiefflents have nol been prepared in accordan￿ wrth the methcxls and principles of the Ststement of Recommended Pra¢ttr for accounting and reporting by ¢hanb"es applicable lo charities preparing their accounts in accordan￿ wth the Financial Reporting Stsndard applicable in the UK and Republt of Ireland IFRS 1021. Friends of Hazlehead Company Limited by Guarantee Independent Examlnerfs Report to the Dlrectors of Frlends of Hazlahead Year ended 30 November 2025 I have no concerns and have come acrass no other matters in connectA)n wth the examination to which attention shouky be drawn in report in order lo a prO￿r und8rstanding of the awounts to be reachad. Simon D Cowie Independent Examiner 5 Carden Place Ab&rd88n AB101L Friends of Hazlehead Company Limited by Guarantee Statement of Flnanclal Activities (including income and expenditure account) Year ended 30 November 2025 2025 Unrestrtcted funds Totsl fund8 Total funds 2024 Expenditure Expenditure on Charitab￿ activtties Total exp8nditure 61.289 61,289 61,289 62,515 61.289 62,515 Net expgnditure and net movement In funds (61,2891 (61,289) {52,515) Reconciliation of funds Totsl funds broLJght fotward Total funds carrfed forward 69.196 7.W7 69,196 131,711 69,196 7,907 The statement of financial aGbvittes includes all gains and losses re￿)gnI￿￿ in the yèar. All income and expenditure derive from continuing aetwities. The notès on pap 8 to 12 fr*rni part ofthese financial statements. Friends of Hazlehead Company Limited by Guarantee statsment of Flnanclal Position 30 November 2025 2025 2024 Current assets Cash at bank and in hand 7.907 69,196 Ngt current assèts 7.907 7.907 69,196 Total assets less current Ilabiliti95 69.196 Funds ofthe charity Unrestricted funds 7.907 69,196 69,196 Totsl charfty funds 7807 For the year ending 30 Novemkr 2025 the tharity was entiued lo exemption from audit under section 477 of th8 Companies Act 2006 relating to small companies. Directors. responsibilities.. The members hav8 not required the company to obtain an audrt of ks financial statements for the year in quesb.on in accordance wtth section 476.. Thè dlrectors ad(nowledge their responstrjilrbes for Complying with the requirements of the Act wth respéct lo aeeounting records and the preparatKJn of financial statements. These financlal Statements have been prepared in accordan￿ with the provisions applicable to companies subject to the small ¢ompan*s' ￿91M8. These financial ststements were approved by the bjard of trustees and aLrthorisod for issue on 18 August 2028. and are s￿ned on behalf of the board by.. Mr DG Shaw Dire¢lor The notes on pagÈs 8 to 12form part ol financial statemerts. Friends of Hazlehead Company Limitsd by Guarantee Notes to the Financial Statements Year ended 30 November 2025 General inforniation The charty is a public benefft entity and a private company limited by guarantee, registered in Scotland and a registered Charity in Scouand. The aldr￿ of the registered office is 13 Queen's Road, Aberdeen. AB15 4YL. UK Statement of compllance These financial statements have been prepared in (X)Mplian￿ with FRS 102, The Financial Reporbng Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicab￿ to charit*s preparing their aceounts in accordancè with tha Financial Rewrting Standard ap￿Kable in the UK and Republic of Ireland {FRS 102) (Charities SORP IFRS 1021) and the Companie5 Aci 20C6. A¢counting policies Bas18 of preparntion The financial stslements have been prepared on the histori¢al Cost basis. a$ modffied by the ravaluation of eertsin finanual 88s6ts and liabiltlies and invesknènt proFerti8s measured at fair value Ihrough income or expendtiure. The finanual ststements are p￿pared in sterfing. is the functKJnal ¢urrency of the entity. Golng concem Th8r8 aT8 no mat8rial unc8rta1nl￿S about thè charrws ability to continua. Disclosure exemptions The entity satisfies the criteria of being a qualty'ng entity as defined in FRS 102. As such, ao*ntage has b88n taken of th8 folkhving disdosure 8X8mptKJns available LEnd8r paragraph 1.12 of FRS 102.. la) No cash flow statsment has been presented the cc¥npany. Ibl Disdosures in respect of financ￿1 instruments have not been presented. Judgements and key sources of estlmatlon uncertalnty The preparation of th8 financial stat8m8nts requires man￿ernent to make judgements, esbmates and assumpkn.ons that affect the amounts reported. These estimates and judgements are continually reviewed and afe based on experien￿ and other factors. inctuding expectatv)ns of future events that are believed to be reasonable under the circumstances. Friends of Hazlehead Company Limited by Guarantee Notes to the Flnancial Statements (coJJbRuffdJ Year ended 30 November 2025 Accounting policies (<*tinu*Q Fund accountlng Unrestricted funds are avaiLoble for use at the discrelion of the trustees to further any of the charws purp¢)ses. Designat￿ fvnds are unrestri¢led funds eamiathed by the directcKs foi Pa￿Ular futur8 proj8Ct or commitrnent. Restrided ftjnds are subjeded to restrithns on their expenditure declared by the donor or through the terrrts of an ap￿1, and fall into one of sutpdasses.. Testricted incc¥ne funds or endowment funds. Incomlng r8sourc8s l inc￿MIng resouThs are induded in the statement of financial actNities when entitlement has passed lo the charty, it is Probab￿ that the economic benefits aSsoc￿ed vath the transac)on will flow to the charity and the amount can be rdiabty measured. The folbwtng sp8cific policies are applied to part￿￿lar categori8s of incom8'. income from donations tsr grants i8 recogni8ed when there is evidence of ent￿ement lo the gif( recept is probabk8 and its amount caft be measured reltably. legacy in¢ome 1$ rettognL￿ when receipt is probable and entitknient is established. income from donated goods 15 measur￿1 at the fair value of the goods unless this is impractKal to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilibes and services are recognised in the accounts when received rf the value can be retsably measured. No amounts are inclL&Yed for the contribution of general volunteeFS. incx)me from contraL#s for the suppty of services is recogntS8d with the delivery of the contracted serv￿e. This is classified as unrestrrctsd funds unless there ts a cunttactual requirement for il to be spent on a particular Purpl￿ and ietumed rf unspenL in wh￿h case it may be ￿garded as restricted. Friends of Hazlehead Company Limited by Guarantee Notes to the Flnanclal Statèments (¢ontlnugd) Year ended 30 November 2025 A¢countlng pollcies (wnlvjiu Expenditu￿ Is recoJThs&d on an &cnJals basls as a lithlty is Ir￿UlTed. ExFv)diture i[￿ludeS any VATwhlch canTh)t be lulty reccwwÉd. and L8 cla8sfft&Y urthr he&￿rg5 of the stalemenE of fin￿￿la1 actfvltias to vthlch It rèlates.. expenditure on rais5r*3 fur¥ts Ir￿lL￿9 the o)sts of fL•xtrasiNJ aelfvities, events, r charitabI8 tTading activiti8s. the sale of th)nat&l eXp￿dIture on Char[t*￿e actrviti8s inclth all costs irwr￿1 ty a challly in undertaking activities that furth￿ tts c￿ltable ams for the i￿￿rit of its b￿aficianès. InclLM%ing those Supp￿ cosls and costs relating to gryrfemarKe of the chartty appJboned to Gharitsble actvilias. Oth￿ expér*thtLts in¢lth dl ex[￿￿18 that is rrifher relat￿ to rak8ing furKts fw the clmrity or part of its eXp￿d[l￿8 ￿ charttable acÉNtties. All costs are allocat￿ to exF￿d1ture catgwries refleclirwJ the use of the rgsourre. Di￿t costs athibutable to a single activity arB al[L￿at￿l (fi• to thai activity. Strored costs are ap￿tionad n the ￿tiVitieS they c(￿[b￿e to on a reasona￿. justifiatle and consistent basis. Flnanclal Instrum•nts A financial assèt ￿ a fIrrar￿la1 liabilty is reccgrllsed onty vknen tha charity a party to th8 contractual provisions of thè instrument. Basic fin8rt181 instwm8nts WB initidty r*iyJrHswl at am(xJnt receivable ￿ Foyable irKluthng any r￿al￿ Irans8Ctio) ¢￿$ts. Current assets aTrJ current liaL¥ltties are mea5ur&J atthe cash cf other cajnsideretion expettted to be paid arKJ rK)t th$¢ount￿. Debt instruments are sUbseq￿tty measur&J at amcffbs&J cost Where inveslmerTts in shares are publicty IAled (x triEtr fair can otheMse be rn9asured reliatrAy. ￿ investment is subsquw measurgj at f￿r value ￿1th chaTvJes in fair vJue r￿nISed in inc￿rne and exFerKltÈure. All other such investments are subsequendy measured at cost less impairmgnt. Other firrancial 1r￿trUT￿entS. ineluthng d￿1vatIVes. arè irritiatly rwnised at fair vdue. unless payment fc￿ an asset ts deferred n(Thial ￿SInesS teTm$ or financed at a rdte (* irrterest that is a market rate. in which case the asset i5 rrea5ured al the present value of the ffiJtLre payments discount￿ at a market rale of Inte￿St fly a similar ir￿trument. Other financial inslruments are SUbSqL￿IIY measured at fairvalue. any chgfTrges wognised in the slatemerTt of fiTFncial a¢tivtties, ￿￿th the excepti￿ of fthJing ir6truments in a designated h￿gir￿j r8lationship. Financial assets that are MeasLw￿l * ¢(*t or am(*tiwY Cost a￿ wiew¢d for obje¢ttv¢ evidence of impairment at the end of each reFY)rtirvJ date. If th￿ is 04"ectNe evIder￿e of Impalm￿rt, an impaitmènt loss is reecgnis￿ uThJer the wopn'ale headirg in the stateM￿t cl financial actrviti in vkni¢h the irritial gain was T￿nis&J. 10 Friends of Hazlehead Company Limited by Guarantee Notes to the Financial Statsments (L¥n¢inuty* Year end8d 30 November 2025 A¢¢wnting poll¢ias {contints&• FIn￿tIal Instrumènts {continiRd) FLY all equtty in5trumerts regar*less of Sig¥ficw￿e. and rtherfirrdncRI assets that indNldually signfficant, these are assèss8d ijthi(kn911y f(K imwrment. Other fina￿la1 assels are elther assessed individualty or on t￿ basis of similar cr&Jit risk characterfstks. Any reversals of impairment are rwised IMM￿1•￿telY. to Éxtent thgt the reversal does rN)t result in a carying amcyjnt d the finanrAal asset that exceeds ¢arylng amount would have Eeen had the impairment rwjt preVI￿J$1Y iEen r￿nis￿]. Llmllod by guarantsè Frie1￿S of H8zIehe￿l is a limit￿j by guaTrts. The SLtscrite15 have the ft4kniirvJ: I confirm that rfthe coM￿Y is lArA￿d up l arn a rnerntr￿. ￿￿1th1n year after I coas8 to be a member. I wll ccrtriL¥Jte to the assets of the comF¢ny by s￿h amount as may te requlrod . payment of detrts li&#lities of the comFony bef￿ I cease to be a msmber, . P8yment (rf costs. (knrw aThl exFenses of *indiNJ up. aNI.. . adjustment of the li￿thts of the contrilxrtors aw (NJrsehTes. exceediro the $￿fied amount below. Sutsscdbets delals JG Walker £1.ClJ DC w￿fe £1.(KJ M Gr6lg £1.rJ) Exp•ndilure on charttablo acllvltles by fund type Unrestrictaj Total Funds Lknrestslctgj Tctsl Funds FLTrJs 2025 Funds 2024 Promotlon CO the ￿rk 61.289 61.289 2.515 62.515 Expenditijro oft ¢harttable acllvlties by acfivity type Activiti&8 urthrtaken Total funds Totd fiJ dI￿￿Y 2025 2(r24 Promoti(￿ of 61,289 61.289 62.515 11 Friends of Hazlehead Company Limited by Guarantee Notes to the Flnanclal Statements (CL¥thu Year ended 30 November 2025 Staff costs (con1inu￿￿ The averag& head counl of empknyges during the yearwas Nil (2024.. Nil). No employee received emfv LEneffts of more than £60,000 during the year12024.' Nill. Trustee rernuneration and expenses No remuneration or other ben8ffts from employThent with the charity or a related entity were reGewed by the trustees. Analysls of charftable funds Unrestricted funds At 1 D￿eMber2 024 ExpendrtUTe 30 November 2025 General funds 69.196 161,2891 7.907 At 1 D￿Mber2 023 Expenditure At 30 November 2024 General funds 131.711 162,5151 69,196 10. Analysls of not ass8ts ￿t￿80Th funds Unrestricted Totsl Funds Fund$ 2025 Current assets 7,907 7.907 un￿striCted Total Funds Funds 2024 Current assets 69.196 69,196 -12-