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2025-01-31-accounts

Stranraer Development Trust SCIO Annual Report & Financial Statements For tbe Year Ended 31 January 2025 Charlty No: SC046306

Stranraer Develo ment Trust SCIO CoDteDts of the Financial Statements Year ended 31 Janua 2024 Page R¢f¢rence and Admlnistrative lrÈfOrn￿tion Truste¢s' Annual RetM)rt Independent Examin&s RetM)rt Statevnent of Financial Activities Balance Sheet Notes to the Financial Statements 12

Stranraer Develo m¢nt Trust SCIO Reference aDd Admill￿trative Informatioll Cbarity Narne.. Develo[￿￿1 Tn￿t SCK) Charity Registrdtion Number. sa)46306 Contact Address.. Accountants Mcmillan Bain & Company 27 High Park Avenue Stranraer DG9 ODE BaDk¢rs The Royal Bank of So)tlan 15 Bridge Street Stranraer D09 7JA

StrDraer Develo ment Trust SCI Trustees, Allnual Re Year eDded 31 Janua 2025 Th¢ ￿S￿¢S have pleasure in presenting theirrewrt together with ￿ finaDcial stateDxnts for the year ffldcd 31 January 2tr25. Structure, Governance and ￿llageMent C0Tr51itstKn The Charity 15 a Scottish Charitable ttKorp)ratcd Organi￿On {a SCIO). li registered in ÉV$ current legal form on 29 January 2016. It h&s a two ii¢r StrU¢ts￿ and as such the mak¢ up only some of the members of the charity. Recruitment xnd Appointment ofTrtystees The CotJstIt￿i{￿ of the SCIO requir&8 kn should nw)Te than fwteen of whith tnore than eleven should b¢ Member TTU5teGs and no more than thrte slwld ￿ Cwtcd Trust The minimum number of trwee5 shall k three. C(wted TnJstre$ 81e those Bofjrd may at any time 8pr4)int ots the b&sis thai they have Sr￿la1]St experience or skills which Could be of ￿lStanCe despite not being a memt¢r of the SCIO. Tr￿Itts 8Te rti4uired to ai their fi￿¢ AGM after Cl￿10￿ and theti th¢ three long&rt serving sha]1 retire & e¥h 5￿ce￿]Ing AGM. Tlxre is Tro tlme limit to the period one rnay serve &s aTnLStee. Objtttives And Attivities Charitable PuTP05ts The wjvdnctment of citi7£nship oreommw)ity dev¢lowenL 8trnnrner DevelopmentTrust airtks to ￿hl¢ve su5taithle regerm￿tt of the COmTn￿ity of Stranraer addr¢s5in8 a ranse of economic. s￿la1, public and third sthr organisations forthe gwd of the town and the comm￿Lty. The Tnjst wll t7eat¢ a Suslainable organtsation ¥thich will aim th 8ena*e income through entetyrw atk4 owt)erthip of assets.

Trnstee8' Aniual Report {eofjL) Year ended 31 2025 Achteiements Perfnrnineé It w&$ a y¢ar of djange forSDT with th¢ ever-chanwng I[￿ neeth wthnpting th¢ toan￿d its 0Th81iDJtiOll TO exwdlld on th¢ wm5 of the orkansiknon. in lighi of this. Tror example, theTn partneMI with D&G Council in ¢klii'ering support seTViLfS Irow￿￿￿)10y&lxI1tY lacwing child p9￿rty• and ¢h¢ Efflployabilii) IIUB iwJndLed. The SDT Board focus 8rnLP sessions llrLKUMI crisis plwming4ThJ suc¢us1￿ to ertsurt tlwt SDT is continually steered in the right dwedion for whatW&8 coming our wav then idtntifyit¥ what they needd to brin8 to the Board to t ready foft the months ond years theJ. An amazing hiev￿¢￿t by the Tn]rt'$ chaIr￿￿hOrere1Wtd the weytig1￿3 MBE ward for his toniinued seryice in vohmieering forthe bett¢rnKni of Stranracr. As. 2024 twii. i'ir Tiii)i. uiiJ.'i lie conilrt￿d leJership of the Fa¢ll1￿eS M4er & Proje¢1 Cooi'dirJaiur- I'A Lollabmiiye working extend re&chacros3 th¢ community onct tMr4 tIu"cTrubli ivijrkiiib %%iili extrmai akeholders y￿h D&G CO￿¢11, SOSQ the SSDA and local third scLlor organisJon8, in dtliTrwiD8 th th¢'fru51'5 Vij￿8￿d airys Iorthe￿niInllLxI $U¢¢8S5 Qf StranrJor. Cyclin8 It)fr&str￿1Ure fuThJingw&5 awarded from the South of s¢oda￿l the Trus¢ in5ts11aJ 4 cy¢l¢ th¢]ter, six bthe racks, a rwr station ond 12 Ira￿] lockeo l(thted a ¢1 (ratway to tialloway. This will aid th¢ coThmuwrJ ar¥J iourists who are comthi81o use therec¢mty unGhcd Co&st to Co&si C¥cle ROUK as well as pron￿ ￿]ve trav¢1 withinthe Addlilon￿lYTr wesaw an￿kner sucomfvl delivery of the 0}￿ ￿￿1V￿. and ov¢r22(Xlnew Subscrlbers io the Oysitt Festlva] newsl¢tt¢r. Loun¢ryfileprow¢kd torye lor the teStsV￿ ￿ the 34lay ev¢ni, whlch an avm!•: fr¢llTrll nf 25th) people & th¢ feMiK'al In ad4Tttilll.-he Trust's FJVUIt Develuptti¢ni orriici, ds dlsu jolned once ￿￿Te b) Proieu OffiL¢r. to him with d¢livLriiig Llie 2024 OyJ¢cr FL$ti%￿. Thr in￿dibl> Su￿¢$$ful ¢vcnt h¢rildeAI a lo¢￿ ¢¢otsornii iiiiyd¥l of ￿MIer £3milli4yn wunas. Thmughout tho Iw(Ir. ¢£￿tInuin8 WPPOrt for the thnd tkn Ploc¢ Plon for Stronrocr )%￿1.. also rovided for the developmeni of the'Ttswn I￿estmen1 Pln6' deliveyed by ¢onsultattts. The Ciateway to Gajlowdy TO￿$1 Inforn)ation and Comrnw￿ty Hub con¢inue5 w aid in 5eTh'ing th¢ local conununity and toujists io the 8re4 &% 111 dLOw￿ln8 loc1 ffi15￿$ salertile producis, lead by the Vroject Uffit¢r-C4rolyn Mear& 8Jkl asm￿] ieam oldvJicat¢d volunie¢r3, the hub provides a weleoming service io those seekinB re(Te8ts"on aThl intorniation. Addrtiofjajly. the hub provlded cllrnaie awareDe55 workshops the Year￿ Kslthnts th the c(xhmurtlty. Tor& F1055ock Katie cli￿ Ir4d on the d¢livery forcommunity ￿111{la$ throu8htsut thcye¥ ty 4 S￿¢￿¥fUl children's entwtainmeni element ot the 2024 oysttrF¢rti￿l. Addition￿[y￿ th¢ continued en8aBement with the youth wp'stramer Youn8 D￿loper8, in $upp(Ytir8 skill and knowlage developrneni in art95 such Bs fuojre empl{• n¢tWry￿ skill d¢vebpmeni gnd elimate. The Moveable F¢&st proj¢(a c(pntinu&s to delivtt foo&2rowin4 initiatilts &ross the Stranraer Communiiv lhri)LIL￿h iLhi)()l Ln£.wriment and g8Jden droTrin ￿￿)￿5 at thesite. Connwjit), Managor and the Moveable Feosi B¢Md also in the flrst stages of 4)plying tor SCIO 5..at￿ iiith II%LR io ty8DSition 10 a 5tsnd4loie Org￿lS811{￿L and the Tlust 1$ $UpF￿ning them with this wAtiI the procas is ojmplded. Pè&e S

Trusleej, Allnual Rewrt (conL) y￿reDded 31 Janu#ry 2025 Pillallcial Revi¢Y4 The pnn¢ylesowce ofinLYJme isthllx]gh w¢(usful funding applicat)￿. At 31 January 2025, the Surplus for the y¢4r th¢D £2,275 {2024 . £66.922). The SCIO held funds of £198.688 in to￿ 12024 . £206,414). Of these tund¥ £161.738 were ReslriLxed £3&950 were Ut]restri(1 (2024- £121,3¥2 and £85,021 respe¢ti%tly). Rtjenes PDlky 1¢ is the sx)li¢y of sIr￿ra¢r Dmtlopment TnLSt to keep thrte JTh)nths nuLnin8 C{￿Sts in reserve tOV2r unforeseen expetvjiture of the charity or in the ¢Y•at of the thriEy kir% th.Sbthd￿. Rlik ￿•￿1¢￿¢￿1 The have &%s¢ssed therisks to the dwrty i8 exFKwJarwJ Is￿1Sficd thJt5wh risks would be promptly id¢Nified gmd address&t lThe likely risk Isth￿ ofc&th flow projoxs iyjt the I'rLL%tees are Satisti￿ thai major projeLts sh411 be undert8k¢i wthout fimdint sttll￿d adv4n(t and they have suffici¢ni unr¢sknthd reservesio meet ongoin8C05ts as ￿ the Reserv¢5 PolKy thove. Plans hr the Futu Th¢ Tn￿t will Contin￿ to mak¢ thr ¢xganisoiion m￿¢ Wstsinpblc w￿h the wA¢niNd uwa11th5￿ of BV ch￿gO PtsinLg ai the Grthu) lo Gdloway. Thc Tntst is ￿J0 curreiiily thvel(win¥ the CJ4tcway lo Galltrwtty Flusin￿l P14n lo submit for ts p)t¢AirJl CAT tr￿sfU fft lh¢ iwilding arKI deliv¢ry of s¢rvic¢s ihrough this Lo ¢vcniuoily iThcludc c-hi￿ bikc5. ￿ Oysicr atsj 's+LII k best

Stranraer Develo ment Trust SCIO Inde ndent Examiner's Re Year ended 31 Januarv 202S I report on the accounts of the Charity for the year eDded 31 January 2025 which are set out on pages 6tol5. Rejpective responsibilit trntee8 examiner The charity'5 trustees are responsible for the preparaiion of the accounts in accordanee with th¢ nns of the Charities and Tn￿[ce Investmenl (Scotland) Act 005 and the Charities Accounts Iscotland) Regulations 2006 (as amended). The charity ttustees considcr that thc audit r¢quir¢rncnt of Regulation 10(1 ) (a) to {L) uf tli¥ Aclouiitb Re¥ul&iiuDs d(x5 nut apply. It is rny responsibility To examine the aceounts as require41 under section 44(1) (c) of the Act and to Stale whether particular matlers have come to my attention. Bwsls of independen¢ examlner'y ststemenl My examination is carried out in ￿Ordance with R¢gul&tion I I r>f the C.hxritieq Accoiints (Scotland) Re￿lIationS 2006 (￿ Amended). An examination includes a revtew of the awounting T¢cords kept bv the chAritv and a cornparison of th¢ accounts pYc5cn￿d with thosc r¢cords. It also iticludes consideration of anv unusual Ilen￿ or disLIuburcs in the accounts. and seeks explanatlons from the (r￿lee$ Concernrng any such mallers. I"he pr(Kedures ￿dertaken do not Provide all the evidence thal would be required in an audil and cwuently I Ik not express an audit opinion on the view given by the 8uounts. Independe•t exAmkner'* Jtatement In the ¢ourse of rny cx¥Jminwion, no m&tt¢r h&8 Corn¢ to my atl¢ntion.' wliiLh giv¥b iii¢ r¢abonabk LaUb¢ to beli¢v¢ that in anv material resp¢¢i the requtr¢ments: io keep &ccouniing records in accordance with Sertion 44(1) (a) ot-the 2005 Act and Regulation 4 of the 2006 A￿oUnts Regulations (as arnended). armj lo prepare accounts which aecord with the accounting re¢(Yds and compty with Regulation 8 of the 2006 A¢¢ounts Regulations (as amended) have not ken met, or lo which. in mv opinton, attention should be drawn tn order to enable 8 PToper under5t8nding of'the llceounLs to hc rcached. Date.. 22 sept￿nber 2025 P4Y7

Stranraer D￿¢10 rust SCI Statement of Fin#ncig1 Activities Year ended 31 nua mellt unrestr1d￿ Restrlded Funds Note F•mds Total 2025 Total 2024 2025 2025 Incom¢ from.. Donations a￿1 Iwies ChaTitsblc aGtiviti Otkr trdlng activiti 2&509 I21,￿8 10.118 453 337.984 366.493 121.SM)8 481.635 lJ,678 3,740 72 453 498.971 Totsl lcon 160.987 337.984 601,124 Exptnditurt ON: Raisin8 fi￿dI Charitgble ac¢ivi¢i Goveman¢t costs Tot1 exptndittsr• 19J44 182.421 9.862 2ll,627 25,690 195.297 64.083 285.1￿9 45.033 377.718 73,944 496.696 31,217 486,039 16,947 534,203 Net IDeomtl(txptDdhurEI 150,640} 52.915 2275 66.921 Transferj Fwvls 1569 (2.569) (48.070 50,346 2,273 66.921 Rttott¢ilitlott •f fy•d¥". Total funds bmu8ht forward To41 fund$ c*rTied forwavd 85.n21 36,950 121,392 171.738 21kn.413 139,492 206A14 20&688 Page 8

Stranr ment Trnst SCI Balance Sbeet at 31 Janua 2025 IIDrttricted F¥ids 2025 Restricted Total Fuid$ 25 21J25 2024 N•t¢ Flxtd A8s¢ts: T￿ibl¢ ￿$¢[$ Inve5trnents 84.505 15.511 9.586 Totsl Fixtd Assets 84J115 9J86 c￿Tre1t Aiuts Sto¢k 1.159 1,308 38.051 40,518 1.159 45.106 83,456 130J22 Dcbiurs 44.398 45.405 89,803 30.306 174.917 206.5 Lash at bank a￿1 in h8nd TotAI Current A¥Jets Ll•bllltl¢s CreditcY% falling duc wiihinone ye8r N•tCurr¢n¢ A¥ts io 4.57A 35,944 2.570 7.14S 123.177 9,677 87,2JJ 190027 Crediwn fallins duc oneyeBr Net Aw•ts 171,738 208.688 206,414 Tl• orth• ehirlty: Re.IIric￿d incomt 13 171.738 171,738 36,950 211M.IQIX 121 J92 8J.021 Unresirl￿cd I￿A)rn¢ (ur¥Js 36.950 Pa8e 9

Stranraer Develo ment Trnst SCIO Year ended 31 Janua 2025 Accountlttg Policiei The principal accounting policies, which have been applied consistently in the current and Pr￿eding year in dealing with items which are considered material to the accounts. are set out below. Basis of preparAtion The financial statements of the Scottish Charitable [ncOry￿rtaed Organisation. which is a publi¢ benefit entity under FRSI 02, hav¢ been prepaTed in a￿ordanCe with Ac¢ouniing and Reporting by Charities: Statement of Recommended Practice applicable to charilies preparing their accounts in ￿￿rdance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRSI 02) issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSI 02). the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended). Fund acco￿ntIng The funds h¥ld by the charity are either: Uplreslricled generalfynds - these funds are expendable at the discretion of the trustees in furtheranc¢ of the objects of the charity. If parts of the unrestricied funds are eamiarked at the dis¢relion of ihe trustees for a particular purposc. they 8r¢ deSI￿led as a separat¢ fund. This designation has an administrative purpose omly and does not le2allv restri¢t the trustees. discretion to aDDlv the fund. Restrictedfynds - these are fvnds SUbj￿t to specific requirements &s to thcir use which may be declared by the donor or with their authority or Created through legal pr￿eSSes. but siill within the wider objects of the chuity. Incomlng resources Income is re¢ognised when the charity h&$ entitlem￿1 to the fijnds, any perfoTmance conditions attached lo the item{s) of income hav¢ been meL it is probable thai the income will be received 8nd the amount can be me&8UTed ff liably. Don•tsd 8ervl¢es apd f4¢llltie8 Donaled professional services and donated facilities or¢ re¢ognised as income when the charity has control over the item, any conditions &ssociated with the donated item have b¢en m¢1. the receipt of economi¢ benefit from the use by the charity of the it¢m is probabl¢ and that economic benefit can be measured reliably. In ￿CordanCe with the Charities SORP {FRS102) the gen¢ral volunteer time of volunteers is not r¢¢ognised. On r¢ceipL donated profr5sional services and donated facilities are recogni5ed on the b&sis of the value of the gift to th¢ ¢harity which is the amount the charity wiyuld have been willing to pay lo obtsin servi¢¢s or facilities of equivalent economic benefit on the 0￿rt market. a corresp)nding amount is then rew8nised as expenditure in th¢ period of r￿cipt. Interest receivable Interest on funds held on deposit is included when receTvable and the amount can b¢ measured reliably by the charity. this is normally upon notifl￿tIOn of the interest paid or payable by the Bank. Pag¢ 10

Stranraer Development Trust SCIO Year ended 31 January 2025 Fixed Assets Tangible fixed assets are included tn the balance sheet at cost or at market value at the date of the purchase or gift. Depreciation is provided on all tangible r￿ed &￿ets at rates calculated to write off the full cost or valuation less estimated residual valu¢ of each assel over its ¢stimated useful life. The PTtn¢ipal ratss in use are.. Propety improvements Plant and Equipment Office Equiprnent 20Yo reducing balance 2(Vh reducing balance Inves¢JD¢Dts Fixed Asset investments are stated at market value at the balance sheet date. Unreaiised gains and losses represent the difference betwe¢n the mark¢t value at the beginning and end of th¢ financial year or, if pur¢has¢d in the year. the difference between Cost and market value at the end of th¢ year. Realised gains and losses represent the difference between the pro¢e¢ds on disposal and the market value at the slart of the year or cost if TAxAtion Stranraer Development Trust is rttognised as & charity frgr th¢ Purpos￿ of applicable tsxalion legislation and is therefore not subject to taxation on its charitable activities. The charity is not Tegislered for VA T. Pag¢ 11

nr8er Dev rmin he finant l $tatellnts 2025 nde d8 TOMI 2125 Tolal 2124 2025 l Grants Oysitr Ftstfvl Re5tri¢ted Dotio . Re8ititiai Benefit - CLLD . Ho]>wotyJ TJU ICF - SOSE . EThi s¢￿knd 9289 17227 73.78J 107.453 73.713 107.453 23,628 I&IKx) 14,037 15AKI - M&jor EvtDts . Ev¢nl Seoilllnd 15.( lo.￿ l5,( iO.(MNJ 27.1th) . 8pM50rship Oyster Fut1￿1 NoA-Rtstrfitted llco . tknaiions Othtr 27.1th1 Is.1￿5 581 26.141 ib (kf Scothnd Th HolyW￿l Tn Th¢ ￿¢1￿1 Lotttsy. Moveobl¢ Fo Ilol)ryvood. Movtabk F• CLLD- Pl¢ Plan NAtioMI Lottuy D&G EmplO￿￿"11ty JMtCJ Pl￿¢ PlnnTrin6 D&G. Comn￿Tr F¥od ljk ShaRd PTop#ry WAC D&fj. AEO Am￿lA8 F(wxi Re8K)nwde Conminity Fund Te5CQ D&G. Se&J Fth tknn&ti￿. G2G 5.4 25.910 J.4¢X) 25.910 24.SJ6 33,￿XI 49272 IOXK) lJJ39 13J39 4J.(K*J 10.(th) 7274 2Jg) 2.4(X) 3.750 J.750 2) 1.309 12 )WiQD. $￿k 28.J09 337.984 3&fj.493 481.63J P4e 12

Strnrder D¢v¢]opment Trust SCIO P4otes forming part of tht fin&Dei#l sttements For the yeAr ended 31 J#rtury 2025 L'DreMrfitied Rethieted ds Tot1 Totsl 2125 2 ltht•Tht ¢harbtsblt aeiivill Oysty F¢#ival Ti¢ktt& BBr S•ies 0)slcr Fe5tiva] Mthet I￿.783 13.975 I¢KTr.785 13.975 91576 13.(rfX> 4.350 Oystrr Festiv81. Mi O)Tter Fe8Eivoi. Bi8 B4sh RDfflc Jo 638 121.SY)8 1,482 1,750 115.678 658 121.9)8 G•w4yto G￿]0y. Sthi 3,740 Dk Inl#¢# 453 453 453 45J S ADly4knof Exptodlt• Galtwy toc￿10y.co￿0rs1 3.137 3.137 7,950 4,J15 1,322 3202 6J83 2293 929 lJ98 1238 921 6.753 HuvLiW& Wa*r Telephone & BrcAdW Cl¢oniA8 & SttywJri¢s Arts Hub TnsuTancc Hul and li Post, Sthli¢w & Ink Offi¢¢ Costs CorDwl¥ Expx StAtTTraiDi Siornge E￿<￿5¢$Chur￿1te Strett suts¢riptiODthJ)￿￿• DiBi¢ol Plarfo 2M77 671 503 512 IJ09 142 l J39 3J40 132 1342 842 lJ88 6J39 IJ2 247 616 3,785 2JO 14( 41.50 2227.29 3,108 10.4 19J44 45.033 31.217 Pa8e 13

Stranrger Development Trust scio Notes forwillg part of the finxtttial ststtmtsts For the Ye￿ end1 31 2025 Totsi 21ts Totsi 2•24 2025 20ts CTharli•blt AtllvltitK' Public& Enyloytts ]￿bI1￿Y Saluie4 ERS MC & TJaYell￿gcxPcrrtS AdvtrtiWn8 141.683 147 472 1.346 148.388 l J36 8x1 iJ4J 131.714 236 1.889 536 371 NatK)n•l Lottay. c￿0£ Livin8 16 5255 5272 6292 77 WAC. G&rdets S¢N Amazin8 Surnm D&0 Pla¢¢ PJllDn ICF Expemcs CLLD- Pl•¢¢ Fl S()SF.. Pic Pl4n SOSF.- (hly SOSE. H•ppK55 MilltrMiw¢ SCoU￿d Lov¢s L(K•i tyter F￿VIl D•nd¢li¢n. The Sthwe AEO R¢8CncM￿Th- Th¢SI AEO Rt8enernknort.JwK Frw¢r AEO R¢Fnw•hon.Trn8 (YH AEO R¢8en¢rniK)n Othu Exp￿ Smra¢r its BlO￿ll. P14n Conunun Good F￿nd RFF. SAOS 18.Y)7 130 1(045 8(rfJ 1.427 193.639 1.635 3,694 2,941 135J 6,239 1.240 265 ij 171JOI 21.824 193.38S Y¢uth Aclivilies D&G F.mploythilrty thn8liw- Av1¥di￿8 wi810￿￿1[ Eknnnll￿. L18brb￿￿e Mu5i¢iW tl)n•iiw- Friends of Aird DJMtion. WRFC t>)nDlion- Bh8n WdlTht StfflMirketJh8& m￿11￿8 EXF￿￿1 4.078 584 583 ijo iJ29 1.433 414 tkpreciol 20.348 377,718 2J97 486.039 181421 195297 P4e 14

StraDratr DeveloptkncNt Tn￿t SCIO Notes forJDillg part ofthe tl•anfi&l Jtt¢•ents For th¢ yur tAdvJ 31 Jall4¥Jry 21)25 Vortsir Rtsirletld FryThd5 3)23 2•2 125 2024 1.150 3&310 24,rf0 8(K) 38.316 24.000 1.767 SRUC. Soil 1.965 1.800 (o 673 lJ33 CJM Feasibility Rlnk (1w Card Char8eS Auditors Fees Ir4epthi E¥•miw' Fe 741 741 1333 lJ33 zioo 14947 9M2 64.013 71.¢JU Totsi 211fj27 285.069 496.696 S34203 Support ¢oitsh•% Thot bwo $tW￿ty idEntifbod•sthe triwtut••dtsthq¢ Avthy. ¢ogts T¢Ithwhollywth￿ ond Id￿tir 6 Sthtf Ind Salw*s and w48¢S SOC￿ xoJrty¢osts 140.184 6J12 1192 14B 120.354 lfrJ29 The nwnber ofempjorn dwip8tho>vr w•$ 5{PY- 51 No eryloycu rt&￿ved ex¢￿ of£￿:￿. 7 TrpJ$iet R¢mutyw•th# ityd EAPtM•ri Tbor¢w￿0 for tr )W¢Ddth1 JI J￿￿2023.1￿ liYth¢Jr¥athd31 J￿￿Y2024. Pa8e 15

Stranraer DevelopmetEt Trust SCIO Notes formlng part ofthe fln#Dci&I 5¢atements For the yur ¢uded JA JaTh4ary 21)2S 8 TaDglNt Fkntd Amtts Offict q#ipm¢i Votsi Cmt Al l FeTrw2024 Addiix 7.837 87.W3 8J99 17AI 16336 96273 5.490 At 31 JllnuDry2025 95￿1 112J09 Al l Fcbnwy2024 Ch•rB¢ for)r4r EliminDreduL 4.781 1282 (650 20.348 275 1&792 At 31 J￿￿2025 275 20161 6M63 N¢1 Book Vilit At Jl j￿u￿ry 2025 A¢ 31 Y￿￿2024 75.169 5969 5.126 318 85Jll 9J86 9 Debm 2•ZS SwthofS¢otknl EDtupri Employ¢¢ FurMJth8 lkn. JCF Jor E¥t￿ty 2209 3,753 6J62 3.7JO 6J37 UK Shaytd ProF¢ty 101swwA Tn Mowbl¢ Feisi L￿. sfr*rattuAliotmEnl 10.ro) 6.453 7.413 15.793 545 43.706 30J06 io Credlto Accru￿5 Pensic 3.754 65 PAYF & N]C 2.1 7.145 1.899 9.677 Pa8¢ 16

Str•nraer Development Trnit SCIO Notes forming part of the fiDeial statetht#ts For the y¢#r 31 Jttury 2025 11 ADMI￿$ ofN¢tAwtsAJkntsry Ge•ttl Totsi 84J05 1SJll Inve4￿15 40J18 (4J74} 79.803 12J701 120J21 17.144) CurftDt Li&biliri Net Au¢ts At3J Jll¥*ry 2•25 36.950 198.688 Pag¢ 17

Strdnrler Dtvelopmellt Trust SCIO Notes foming part ofibe finn¢tl st8teme#ts For Ibe year ended JI January 2025 13 Mowti•eJii¥ F¥1 At l FtbTh IvoThi Ai 31 Jall••ry 202S TrAA5fm R¥trl¢itd 136 127 gV73 {19,658) {12T) I2.4￿) 18fA)I 82.750 D&OAEO Sted F￿d D&G EnWi0￿bL1rtY D&G PlvXPt￿IWi Owlr Festiwl. E￿nI $c￿lI￿d 0&slN Fethival. KilgAlli(h (4st¢r Fc%Thv￿. Mw Evem15 Ilwte¥ Festiil. Reg￿n￿lde C(rffjwFwd FU¢1￿. SOSE TheNation•l Low. G•Jd Th¢NiiioAal Low. Mov#bl¢ Fqtst Hol￿TIuS1. Mov¢abl¢ F¢isl 560 13J39 26.493 125,65Jl iio,w (SJiKI) {15m)) (3.7501 (W.4931 138 AO.C(M) 3.750 107.453 16,960 31.191 lox 10 lJ.323 1282491 11,4991 14.8361 120.420) 173.31J) 1&820) 5.4W} iJ.(thi 12,7261 {38JlOI 15.4541 117Jll 198 8.JOI 5.164 9,055 138 Holywwj Tnth. Youth ICF KiluAlllcKh-G20 SOSL. C>l¢ 23.910 7J.783 242 3,4W.10 182 6,182 7.274 21.4 .743 Th¢ NDiioMI Lottuy. 020 UK Shwtyj Pr¢p¢rty WAC 7.1ty1 121.392 434257 1381.3421 12.5691 Crtnernl Fund 85.021 85.021 160.987 l(A).987 1211.6271 2J69 2.569 36,950 36,950 Toi*l 206,413 595244 592.969 208.688 P•8e 18

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