The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No.. SC044250 Annual Report and Financial Statements st For the year ended 31 March 2025 The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No: SC044250 Contents of the Flnanclal Statements Page Report of the Trustees statement of Financial Activities Balance Sheet Notes lo the Financial Slalements Independent Examlner's Report The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No.. SC044250 TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 The Iruslees present their report with the financial slalemenls of the charity for the year ended 31 March 2025. The trustèes have adopted Ihe provision5 01 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparlng their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019}. Administra ion Inl Charily Name.. Charity Number-. Address., Dale of registration.. Current Trustees.. The Henry Muirhead Family Trust SC044250 19 Elm Walk, Glasgow, GS1 3BQ 9 September 2013 Douglas Muirhead Trustee Peter Muirhead- Tiustee Secretary l Treasurer.. Douglas Muirhead Pur ose and Charitable ectlves Principle F)urpose and objectives ol the Henry Muirhead Family Trust are., The pr¢venlion or ¥elief ol poverty. The advancement ol education, The advancement ol health. The saving of lives. The advancement ol human rights, CDnflicl resolution or re¢onciliatitsn. The promotion of religious or racial harmony. The promotion ol equality and dlver5ity. The advancement ol environmenlal protection or improvement. The reliof ol those in need by reason of age, ill health, disability, financial hardship or other di5advanlage. The advancement Lif animal wellaie. Achievements l Financial Performance The Gharilable Trust commenced on 91h September 2013. 11 was agreed that the charitable funds from the 'Foundry Trust. under the administration of CAF would be transferred into the Henry Muirhea Famlly TTUSI with funds belng invested lo provide income and growth. During the ye8r, the Trust made charitable donaliDns of £20,00012024 - £14,000), This report was approved by the Trustees on 16 June 2026 and s￿ne1 on their behalf by.. Douglas Muirhead Treasurer Page l of6 The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No: SC044250 statement of Financial Actlvlll6s for thè èar ènded 31st M8rch 2025 Note Unre$trlctgd Funds Total 2025 Total 2024 Income Donations Investment Income £1,000 £32,138 £9B,580 £1.000 £32,138 £33,138 £67,084 £31,496 £98,580 Expendlture on Charitable activiti85 Donations Bank Charges Governance Costs £20,000 £90 £5,659 £25,749 £20,000 £90 £5,659 £25,749 £14,000 £90 £4,893 £18,983 Ngt Incomg £7,389 £7,389 £79,S97 other recognlsed galns and losses Realised Ilossesllgains on disposal ol investments Unrealised gains on Investments £11,599) £11.5991 £nil £22,210 £22,210 £55,075 £20,611 £20,611 £65,075 Not movernent In fund5 £28,000 £28,000 £134.672 Rèconclllallon of funds Total funds brought forNard Total funds carrled forward £1,076,336 £1,076,336 £941,664 £1,104.336 £1.104.336 £1,076.336 Page2 of6 The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No.. SC044250 Balance Sho81 Not8 UnrgStrictgd Funds £1,056,887 Total 2025 Total 2024 Inv&$lmgnt¥ £1,056,887 £1,028,010 Curront a$$gt Cash al bank and in hand £48.079 £48,079 £35,926 Creditors Amounts falling due within one year £630 £630 £630 Net current asset5 Total assets less current liabllltl•8 £47,449 £1.104,336 £47,449 £1,104,336 £35.296 £1,076,336 Funds General ftjnd Total fund$ £1,104,336 £1,104,336 £1,104,366 £1.104,366 £1,076.336 £1.076,336 All funds are unrestricted. The notes on pages 4 and S form an integral part of these accounts. Approved by the Trustees and signed on their behalf on 16 June 2026. Ltyl I Peter Muirhead Tru51ee Douglas Muirhead Treasurer Page3 of6 The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No: SC044250 Noto8 to A¢¢ounts 1. ACCOUNTING POLICIES Basls of preparlng the flnancial statements The financial slalemenls of the charity, which is a publlc benefit enllly under FRS 102, have been prepared in a¢¢ordance with the Charitses SORP IFRS 1021 'A¢counling and Reporting by Charities". Slalemenl of Recommended Practice applicable lo charitie$ preparing their acwunls iri accoidance with the Financial Reporting Standard applicab5e in the UK and Republic ol Ireland IFRS 1021 leffeclivè 1 January 20191,, Flnancial Reporting Standard 102 'The Finan¢ial Reportlng standar￿ applicable in the UK and Republic ol Ireland, and the Charities and Tfuslee Investment ISBollandl Act 2005. The financial slalemenls havp been prepared under the hislorical cost ¢onvenlion. Income All income is recognised in the Slalement of Financial Activities onc& the charity has entitlement lo Ihe funds, il is probable that the income will be received, and the amDunl cars be measured reliably. Expendlturg Li8bililies are ￿cognISed a5 expenditure as soon as there 18 a legal or Constructive obllgatlon committing Ihe ¢harily to that expenditure, il is probable that a Iransler of economic benefi'ts will be required in selll¢menl and the amount of the obligation can be measured reliably. Expenditure is acoounled for on an accruals basis and has been classified under heading5 that aggregate all cosl related lo the category. Vvhere c051s cannot be directly allribuled lo particular h&ading5 they have been allo¢ated lo acliville8 on a bas18 conslstenl with the use ol resources. Investments Investments are Carried In the financial statements al fair value, Taxatlon The ch8rlty is exempt from tax on Ils charitablp aclivilies. Fund accountlng Unrestricted fL5nds can be used In accordance with the charitable obj¢clivos al the discretion of the Iruslee5. Reglrlcled funds can only be used for particular reslricled purpo$&s wilhln the objects of the charity. Reslriclions arise whèn Specified by the donor or when funds are raised for particular reslriclod purposes. Pag¢4of6 The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No: SC044250 2. INVESTMENTS Investmgnl In Har9reaves Lansdown Venture Fund A5 al 3151 March 2024 Unrealised gain on investments As at 31$t March 2025 £51 £1 £52 Invèsthignt In Close Brothors Shares Fair value as al 31 $1 March 2024 Addition5 in year Disposal proceeds Reali5ed losses on dlsposal of investments Unreallsed galns on investments Fair valug as at 31° March 2025 £1,028,010 £199,277 £{204.7691 £11,598) £22.208 £1,043,128 Capltal Account Balance 88 at 315f March 2024 Movement in year Balan¢9 as at 31" March 2025 £e,234 £451 £8,685 In¢om& Account Balance as al 31st March 2024 Movement In year Balance as at 31$t March 2025 £6,745 £277 £7.022 Total as at 31. March 2025 £1.056,887 3. TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees, remuneration or expenses pald for the year ended 31 March 2025 nor for the year ended 31 March 2C$24. 4. CREDITORS DUE WITHIN ONE YEAR 2025 2024 Acryuals 630 630 5. RELATED PARTY DISCLOSURES There were no relaled party dls¢losures for the year ended 31 March 2025. No donations were received by the chartrly from any Twslee {2024 - £nlll, Page5 of6 The Henry Muirhead Family Trust 19 Elm Walk, Glasgow, G613BQ Scottish Charity Registration No.. SC044250 Ind8 8ndont Examlner's Re ort Fo o Year Ended 31 March 2025 Independent Examlner's Report to tho Tru5tegs of Tho Hanry Mulrhgad Famlly Trust I report on the financial statement of the ¢harity for the year ended 31 March 2025 and the associated notes. Respectlve responslbllltles of Trustees and Examlner The charity's trustees are respon8ible for Ihg preparation of the accounts ID accordance with th& terms ot the Charities and Trustee Investment (Scotlandl 2005 Act and (he Charili8s Accounts IS¢ollandl Regulations 2006. The charity IrusleBs consider that the audit requirement of Regulation 10111 Idl of the Accounts Regulations doe5 not apply. It is my responslbilily lo examlne the accounts as required under seclitsn 44111 Icl of the Act and lo stale whether particular mallers have ¢ome lo my attention. Basls of Indepondgnt Examlnor's Statement My examination Is caTried out In accordance with Regulalign 11 ol the Charities Accounts IS¢olland} Regulations 2006. An examination in¢ludes a review of the accOUnt￿Ng re¢or4s kept by the charity and comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disc105ures in the accounts 8nd seeks explanallons fiom the trustees ¢oncerning any such matters. The procedure$ Ltndertaken do not provide all the evidence that would be required in an audit and, consequèntly, I do not expro55 an audit opinion on the accounts. Independent ExamIna￿S Statsment In the ¢our8e ol my examination. no matter has come lo my attention... 1. which gives me reasonable Cause lo believe that in any malerlal respect the requirements.. lo keep accounting records in accordance wlh section 44111 {al of Ihe 2005 Act and Re9ulation 4 of the 2006 Accounts Regulations, and to prepare a￿O￿ntS which accord wlh the accounting fe¢ords and comply ￿rith Regulation 8 of the 2006 Accounts Regul8llons have not been met, or 2. to which. in my opinion, allenlion Should be drawn in order to enable a proper understanding of the accounts lo be reached. Mark William Blair, FCCA TB Dunn & Co Ground Floor {partl Unil 8000 Academy Business Park 51 Gower Street Glasgow G51 1PR 16 June 2026 Page6 of6