Registered Charity Number SC053266 PROJECT PITCAIRN SCIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2024 PROJEcf PITCAIRN SCIO ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS TRu￿EE5 FOR THE YEAR ENDED 31ST DECEMBER 2024 Status Project Pitcairn has charitable status as a Scothsh Charitable Incorporated Organisation (SCIOI under tne Charities and Trustee Investment (Scotland) Act 2005. Its charity number is SC053266. Its constitutional form date is 8" April 2024. The purpose of the charity is the advancement of community development, heritage and culture in reiats'on to the British Overseas Territory of Pitcairn Island and its inhabitants. Address 51 Atholl Road Pitlochry Scolland PH16 56U Trustees Th@ following served as trustees throughout the y@ar: Founding Trustee Secretary Bankers Wise Payment Ltd Worship Square 65 Clifton Street London EC3A 4JE Sollcitors J.&H. Mitchell WS 51 Atholl Road Pitlochry Scotland PH16 5BU 1ntlepep.dent Examiner SUMMARY OF OBJECTIVES AND MAIN ACTIVITIES Project Pitcairn SCIO IPPSI has a long term plan to develop and help to repopulate the Island, which is now down to just over 40 residents and is close to critical mass for sustainability. PPS will suoport the Islanders to attract volunteers and potential settlers who can hopefully become new settlers. The project is the initiative of Islander Jacqui Christian. Project Pitc3irn's strategic objectives are: l.Attract Skilled Volunteer Workers To revitalize Pitcairn's dwindling population, we'll bring in skilled volunteers over five years. These workers will contribute essential skills and help the island thrive. 2.Enhance Digital Connectivlty We'll ensure Pilcaim has reliable and fast internet by 2024, enabling residents and volunteers to stay connected with the world. 3.Secure Access to Fresh Produce To ifflprove nutrition and redu￿ reliance on expensive imports. 4.Provide Affordable Housing for Volunteers 5.Boost Sustainable Economic Development By fostering private sector growth, we'll reduce dependence on government jobs and create ne.w bus5ness opportunities for immigrants and residents. 6.Initiate Environmental Projects We'll launch three environmental projects by 2029. leveraging outside funding and local in- volvement lo protect Pitcairn's natural resources. 7.Offer Affordable Travel for volunteers We'll work to reduce travel costs lo and from Pitcairn for volunteers. making it easier ané more attractive for them to support the island. Achievement and Performance Sincp thp Proiert Pitcairn was formed in April 2024, the year to December 2024 has involved the setting up the administrative requirements of the charity such as establishing a bank 3ccount. designing a website, brochures and other publicity material. Publicity will be very important to attract public and persona1 donatior15 a5 well as future contributions from government ageTrcies. On Pitcairii, the work to fulfil some of the charity's objectives has been proceeding.. Tl)e roil out of the Starlink Satellite Interrset S'istem to Islanders nomes has been completeu. Ifunded trom Govgrnmpntj. Coffee growers have attended a training COLtrse in Ctssta Rica to improve their skills ano corfee quality. Arrangements to market coffee Sales are in hand. Research is taking place to develop the honey sector to produce honey-based health and eauty products. Signed on behalf of the Trustee5 Date:26 September 2025 INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31sr DECEMBER 2024 2024 (all figures in GBP) INCOME Donations 879.18 Total 879.18 EXPENDITURE Website design and brochure Bank ¢harges 757.15 2.35 Total 759.50 Surplus for the year 119.68 BALANCE SHEET AS AT 31ST DECEMBER 2024 Current Assets Cash at bank 119.68 Net current assets 119.68 Represented by: Surplus for the year 119.68 INDEPENDENT EXAMINER'S REPORT ON THEACCOUNTS The charity's trustees are responsible for the prèparation of the accounts in accordance with the terrns of the Charities and Trustee Investment IS¢otlandl 2005 Act and the Charities Accounts {Scotlandl Regulations 2006 las amended). The charity trustees Eonsider that the audit requirement of Regulation 10{11 {dl of the Accounts Regulations does not apply. It is my rèsponsibility to examine the accounts as required under section 44111 Icl of the Act and to state whether particular matters hava corneto my attention. 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 th• accounts presented with those rÈeords. It alsD includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trurtees Concerning any such matters. The procedure5 undertaken do not provlde 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. In the course of my examination, no matter has come to my attèntion whith gives me reasonable cause to believe th* in any material respect the requirements have not been met: to keep aceounting records in aecordance with sertion 44{11 lal of the 2005 Act and Regulation 4 of the 20(% Accounts Regulations, and to prepare accounts whlch accord wlth the a¢counting record5 and comply with Regulation 9