CHARITY REGISTRATION NUMBER: SC050453 Newbold Legacy Trust ANNUAL REPORT AND FINANCIAL STATEMENTS Year ended 30 September 2025 AP BOOKKEEPING SERVICES 4 Kensal Green Forres, Moray IV36 2PL Newbold Legacy Trust Financial Statements Year ended 30 September 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of Receipts and Payments Statement of Balances Notes to the financial statements Newbold Legacy Trust Trustees. Annual Report Year ended 30 September 2025 The Trustees present their report and the financial statements for the 12-month financial period ended 30th September 2025. Reference and administrative details Registered charity name Charity registration number Principle office and registered office Newbold Legacy Trust SC050453 clo R&R Urquhart 117~121 High Street Forres Moray IV36 1AB The trustees Diane Anderson Lisa Mead David Mead Anne Skene Independent examiner Roy J. Laing MAAT partner in the firm of Anne A Laing, Chartered Accountants Lavona, Calcots ELGIN, IV30 8NB Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling, Kent ME19 4JQ Flagstone Group Ltd 1 st Floor, Clareville House 26-27 Oxendon Street London SW1Y4EL Page 1 Newbold Legacy Trust Trustees. Annual Report (continued) Year ended 30 September 2025 Structure, governance and management The Newbold Legacy Trust is a Scottish Charitable Incorporated Organisation and was registered in Scotland on 11 September 2020 with the Office of the Scottish Charity Regulator (Charity number SC050453). The trustees form a Board of Directors, which administers the charity. Trustees are not remunerated for their duties as trustees. objective.s and activities The Trust's mission is to enrich and improve the quality of life of people in the wider Forres area. The Trust's objectives are fairly broad and flexible and so the Trust has the ability to support a broad canvas of charitable and not-for-profit projects. The trustees wish to focus particular attention on the needs of young people and the older generation, however applications are welcome from projects that benefit any age group. We include in this projects that have inter-generational benefits. Achievements and performance th Grants Awarded During Financial Year Ending 30 September 2023 From the 34 applications received, by the year end the trustees had made decisions to fund 13 applicants, comprising: 2 individuals 3 unincorporated associations 1 Community Interest Company Limited by Guarantee 4 Scottish Charitable Incorporated Organisations 1 Company Limited by Guarantee with Charitable Purposes 1 Limited Company, which is the wholly owned subsidiary of a Company Limited by Guarantee with Charitable Purposes 1 Savings & Loan Cooperative The 13 recipients were: Film Forres Forres Bluefins Swim Club Forres Osprey Bus Growing2gether Little Yogi Bears Moray Firth Credit Union Naturally Useful PET Caring Community Circle Positive Pregnancy Walks Rafford SWI ReBOOT Solstice Wolves Volleyball SwimABLE Scotland Page 2 2023 Funding round: two delayed awards SCIO-1 CIC limited by guarantee - 1 The 2 late award recipients were: DanceNorth Theatre of the 7 Directions In total, the 15 recipients in the first funding round were awarded £244,931. 2024 Funding Round In the second funding round, held in the spring of 2024, 46 applications were received, and the trustees made decisions in early May 2024 to fund 22 applicants with awards totalling £141,078. During the year, one private individual decided to cancel their project. 3 individuals 2 unincorporated associations 3 Community Interest Company Limited by Guarantee 7 Scottish Charitable Incorporated Organisations 4 Companies Limited by Guarantee with Charitable Purposes 1 Charity 2 Public Sector bodies The 21 grant recipients were: Active Schools and Forres Academy Parent Partnership Applegrove PS PTA/School Council Caring Community Circle (PET) Earthtime for All Ltd Findhorn Hinterland Trust Forres Academy Geography Department Forres Community First Responders Forres Free Style Swim Club Friends of the Falconer Museum Green Shoots (TTF) Mike Ross - Inspiring Foundations Moray Art Centre Moray Flying Circus Moray Local CIC Positive Pregnancy Walks Positive Pregnancy Walks - yoga training RDA Forres, Nairn and District St John's Episcopal Church Forres SwimABLE Scotland The Willow Field Project - Naturally Useful We-wo-wonder 2025 Funding Round In the third and final funding round, held in the early spring of 2025, 63 applications were received" the trustees made decisions in May 2025 to fund 24 applicants, comprising: 8 SCIOS 5 Limited companies with charitable status 3 Sole Traders Page 3 2 CICS 2 Voluntary Associations 2 Unincorporated Associations 1 School 1 Funding Partnership The 24 grant recipients were: Community Connectors Dallas Primary School Eva Zandman Film Forres Findhorn Bay Arts Forres Active Schools Forres Bluefins Forres Friends of Woods and Fields Forres Seniors Ukulele Project Forres Small Bore Rifle & Pistol Club Forres Tennis Club Friends of the Falconer Museum Highland Youth Theatre Mike Ross - Inspiring Foundations Moray Art Centre Moray Ins.hore. Rescue Organisation Moray School Bank Moray Supports Migrants & Refugees Moray, Strathspey & Nairn Branch, The National Autistic Society Ray's Opportunities ReBOOT Trading (Moray) Ltd SwimABLE Scotland The Gaff Forres The Paddock Broom of Moy Amounts funded were as follows: No. of Recipients < 1000 1001- 2000 2001- 5000 5001- 10000 12 1 of the 24 grantees did not receive their funding during this financial year. The total amount awarded in the third funding round was £141,078. Declaration 13.0*. 1&.. The trustees, annual reportwas approved on...... ................... .. trustees by: Lisa Mead Page 4 Newbold Legacy Trust Independent Examiner's Report to the Trustees of Newbold Legacy Trust Year ended 30 September 2025 I report on the financial statements for the year ended 30 September 2025, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Truste.e Investment (Scotland) Act 2005 and the Charities Accounts (Sc.otland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's ststement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or (2} to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Roy J. Laing MAAT Anne A Laing, Chartered Accountants Lavona, Calcots ELGIN, IV30 8NB Date . 6th May 2026 Page 5 Newbold Legacy Trust Statement of Receipts and Payments Year ended 30 September 2025 2025 Total funds 2024 Total funds Unrestricted Restricted funds funds Note Receipts Donations and Legacies Investment income 30 16,074 7,845 7,845 Total receipts 7,845 7,845 16,104 Payments Payments relating directly to charitable activities 135,119 135,119 280,116 Investment management costs Governance costs 656 1,205 136,324 1,205 136,324 1,120 281,892 Total payments Surplusl(Deficit) for the year Transfer bebNeen funds (128,479) (128,479) (265,788) Surplusl(Deficit) for the year (128,479) (128,479 (265,788) Page 6 Newbold Legacy Trust Statement of Balances as at 30 September 2025 Unrestricted Restricted Total funds Total funds funds funds 2025 2024 187,022 187,022 452,810 Opening cash at bank and in hand Surplus/(Deficit) for the year Closing cash at bank and in hand (128,479) 58,543 (128,479) (265,788) 58,543 187,022 Bank and Cash Balances 2025 2024 Cash at bank and in hand 58,543 106,769 Investments 2025 2024 Investments 80,253 Approved by the Trustees and signed on their behalf. Lisa Mead Trustee Date 13.0*. 10 Page 7 Newbold Legacy Trust Notes to the Accounts Year ended 30 September 2025 1. Basis of accounting These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities and Trustee Investment (Scotland) Regulations 2006 (as amended). 2. Nature and purpose of funds Unrestricted funds are those that may be used at the discretion of the Trustees in furtherance of the objects of the charity. 3. Trustee remuneration No remuneration was paid during the period to any Trustee or person connected to a Trustee. 4. Trustee expenses No expenses were paid to any Trustee during the peiod. 5. Donations and legacies 2025 2024 Unrestricted funds Restricted funds Total funds Total funds Donations and legacies 30 6. Investment income 2025 2024 Unrestricted funds Restricted funds Total funds Total funds Interest received 7,845 7,845 7. Cost of charitable activities 2025 2024 Unrestricted funds Restricted funds Total funds Total funds Grants payable Administrator Bank charges Website Other 128,263 6,456 60 200 140 135119 128,263 6,456 60 200 140 135 119 275,795 4,201 60 60 280116 Page 8 8. Investment Management costs 2025 2024 Unrestricted funds Restricted funds Total funds Total funds Management fee 656 656 9. Governance Costs 2025 2024 Unrestricted funds Restricted funds Totsl funds Total funds Accountancy fee Independent examination of the financial statements 725 480 725 480 600 480 Page 9