Charity numbor.. SCO53642 LOCHMABEN GOLF CLUB SCIO UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 Armstrongwatson. Accountants, 8usiness 6 Finanaal Advisers LOCHIAABEN GOLF CLUB SCIO CONTENTS R•fgrènce and Admlnl•knllve dgts11s ofth• Charfjty, Its Tn••tw 4nd ad¥i•ovz Tru•t••*' r¢port Trnsl•es' r•8pon•lbi111008 •tal•m•nt Indep•nd•nt •xamlnof• r•port Stat•m•nt of fin•nci•l acti¥ltl•• Balaneg 10 Nvio5 to tho Rna￿1*1 ¥tat•nwnts LOGHMABEN GOLF CLUB SCIO REFEReNCE AND ADIAINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 AUGUST 2026 Tru¥twB Jthn Smth, 1.11.24 I4>Wn￿ 13 S•ptember 2024, ￿vaned t N￿rnber 20241 Augtin Blac*. Vic• Captain to 1.11.24, Captsin from 1.11.24 laDrx)int8d 18 geptwnber 4On4. re¥9nol 14 NtNember 2ULtsI Lorraine Stewart. L• Captsin urrfil 1.11.24 [ap￿nted 13 September 2024. resigned l Novemter 20241 Angda Duff, Lady Captain from 1.11.24 lapp¢*nted 13 September 2024, resigned 14 Novembor 302SI LY￿ Naim. House Ccffjvew ￿ 14.11.25. Vjce Captsin from 14.11.25 lapwrned 14 No¥•mber 20251 Brvee Kelly. Mateth.P*tsetary lappoint¢d 13 septen1￿1 20241 Dav￿ D￿ksOn. H•ndic*p S¢Gret¥ry l¥ppolrllea 13 September 20241 Jamès Graham. Greens Convenor unbl 1.11.24 (appointed 13 S•ptember 2024, reslgned 1 NOVem￿r 20241 Colin Reid. f?r￿n9 C¢*nv•rw from 1.11.24 ui)ti1 2J.4.25 {Winted l November 2024 rewn8d 25 40ri120251 Kgnny S¢ott, Grttn8 Co¥erK*r frtyn 24.4.25 (apwnt•d 25 Apnl 2025, r••lgn•d 14 NO￿rnber 20251 James Lennox. JunK¥ Cfjnwr*r l•ppgint•d 13 Scptcmber 20241 John St8wart. Tr•a8ur•r lappr#nt•d 13 S¢pt•mber 2024. r•wgnad 14 Nov•mb•r 20251 Poll￿*. Memborshy Seu•lary {aPF¥>"ntsd 13 Sept•mb•r 2024, resigned 25 September 20251 Getrgia 8all. Lady Capl•in from 14.11 25 {•pFoMil•J 14 Nowjmber 20251 Ann• Laird. Tr•aSu￿r fvom 14.11.25 lapwnt•d 14 Nov¢mb*r 20251 Tafv Edwards. Green6 Convenof from 14.1125 (appointed 14 November 20251 Kenr*lh Bell. Vice CAptsln Irom 1 11.24, C•ptain froni 14.11.25 iappointod 14 Novwnber 2￿￿5) John Smith. Hou8e C￿¥•1K￿ {aFWnw 14 Novfjmber202SI Chthrfty rnyl¥¢¥¥ed iiumb•r SC053642 Prfn¢lpal offlc• Lothmabon Goll C￿b Coallehill Gate Lc¢hmaben DG11 1NT Secr•tsry Mark Nithol*nn {¥F*wgn•d 31)10gr2026) Cameron Tylor (appointed 14 Novomber 20251 Accountsnts 51 Rae Street Dummes OG1 1JD Page 1 LOCHIIABEN GOLF CLUB SCIO TRUSTEES. REPORT FOR THE PERIOD ENDED 31 AiIGUST 202S Thp. TniotsW4 ryegent th•ir anwal Y•F)Ort wih Iho f¥￿￿1 st#t¢mcnts of the Charity foi I1￿ l J S•pt•mb8r 2024 10 31 August 2025. Oblectl¥g8 and 4ctSvll0•¥ . Pollcl¥s and obJoctlvo¥ Th8 charrtabl• purpo9•9 ol Lththrnab￿ Goll Club SCIO are to publiG parbo'pation in ¥FWJrt, in parts"aJlar by providing faolities 8nd pronkiting parbipakn in fLY the benefft ofthe cAJmrnunty. b. Strat•ol•* for Khl•vSng obiKtfv Th• Tw•t•e6 V40rk lu x*iEve the chwws p￿rE¢￿¥ by. MaSntaining and Imyoving the goll course and assLWted fac41th to • high stan¢Jor(t Provlding an indusive and welctsming environment for gotrers of •ll ath'lffl&S Enttjuraoino p3rticipalirJn arrn￿ 211 ao# Jmiip4. indudin9 junior and youth 9olhr¢ OrganiRino a prc>3raMmè ofcOMp•t￿Ons. •v•nts and so(aal activibes ihrough•Jt y•¥ Managing th• charitys resour(*5 prud8ntty to en9ur• bn*t•m) SU8tsinabt'irty c. Actlvltl•J und•rtak•n to 4chl•v• ot4o¢Ov Durire the perfo¢ the dub su￿$61￿11￿ tran8ib.oned all ¥¢thths into the formed SCIO slrudurg ar*d continued to pro￿de hi￿ qLtalty go￿ng fau.1￿¢$ and a lull programme of competibon$ and evth)ts for rnembers Membership levels remained Str￿0. wth subgrnptw income D￿n0 hy P.4 r￿Mpar9d to th• prior y•Jr. flects'nq conbnued demand lor membefship and IhÈ po8ilw• rwt*'on 01 th• dub. Th• d¢Jb rev)ivod £10.300 In donation• during the peri¢xl in addith?n to th• fvnds tran•hrr•d from the wede¢¥ssor org•nisation. Cours? and cOm￿t￿on activ￿.•8 ww• maintained throvghoLrt Ihe Y￿r. alts)ugh 9r•en f8• inctyntr was Sllghty b•iow the prior year due lo W￿¢her di3ruplk)ns and ￿n¢¢lIStiOnS tr9￿d th& dub's Cknntrol Inve¥trnenl in new greenke•pin9 niadiiiwiy durin9 the per1c4J h8s r•duc•d On9￿￿j ctyJrs• expendrtuf• and ￿11 ￿nefit the dub in future ￿ar8 Catering perfonnanc• Improved 8￿n￿e4n￿y. thè ty098 profft margtn on cat•ring activit1tr5 ri￿ng Ircffi 42% 10 51% a8 a ofrAr•fvl managerr*nt of the CV•fabon. d. Volunt••r• The dub relies on ¢JJntribuiTh of a $M￿rfICant numl)•r of vdunt••rn who gNe fvir trme to support r.ompetitions. •v•ntff and th• day.to.day runnin9 of th¢ dub. The Tnj•t￿ *75h to Il*ii ylllwlul IhanKS 10 all volunteers lor thoir supF¢rt. AchSw•m•nts And p•rfornMneo . M•ln ￿hb•¥•m•￿l¥ of th• Charlty The Trusiees ars pleased to report a number of wgnfficant achK*vement6 during the first period of operation as a SCIO. Th• *uttoetfrJl irboorpofotion Gnd tr•nsfer of all assets and liokn'jilivth fiwii Uiv pr¢(l¢￿￿￿or ciuo w8S comp18ted 9moothly, prgvKlirs the cfub %Jith a govemance framewoth and a strong opening financ•al posthon. Membership Sub51￿P￿.0￿S grvw by £36,￿0 compared to Ihg pr￿ yaar, deM(￿stratIng the ¢xJnfiden of members in the dub and ts facilrties. The calering gross profit margin improved from 42% to 51% through carelul management. contributing posibvely to Ihe dub's financAal performance pnvesb￿nt in new gre9nkooping machinery has reduced 0)U￿ expenditure %%ill Support the ts)nb'nL*d mantenanc* al￿ improvement ofth• course in future years. dub r•c•v•d £10.300 in member and othw donatiw, r•fioctin9 thtr gl￿￿¥111 and support ol the Membership. Pa9e 2 LOCHIIABEN GOLF CLUB SCIO TRUSTEES. REPORT IGONTINUEDI FOR THE PERIOD ENDEO 31 AUGUST 2026 Achlev8ftwms and performa￿¢ (cont1n￿lI b. Revi•w ol actfvitiAs Overall. Tnjsiees are sathsfied Ihal Ihe dub wfom*d wdl during its first peric¥l of oporation a$ a SCIO. Th Irangtion from the predece$sor Unlr￿rp￿1￿I dub manag¢d effectivÈty and thè ¢lvb gperatEd in accordance wth rts tharitsble purposos throu9hout Ihe peric*J. Whikry green f88 inwme was marginally lo**r Ihan th8 prior year duo tL) adve￿ %b%ather and reSU￿￿j can￿113￿￿￿, this was off8et by stron9 membèrship $ubscription grr￿h and impro¥eMI average Of 14 memb8r5 018laff dunng the penod. No 8mploy0• rec•wd r•mun•r•b'on ofmor• than £60.O¢x). An hor￿ra￿UM of £1.250 wa$ pa￿ to the Cwetrtkn S•tr•t•ry. vrtYJ i¥ 91•0 • Trusto•. In r•wnJtlon of INr conthbulTh to the ￿￿). Th• chanty hc4d• ts+nglbl• fixed a￿•￿ wilh a net t4)ok value of £585,751 at 31 Atsgust 2025, c¢mprisin9 golf cours• land 1£462.3921. clubhou8e1£64.9781, ftxlur8s and fithrgs 1£55.75718nd t4•nt and mathln•ry 1£2,624I. Golf CL)ur¥e land is noi ¢kprec4818d. Cah al bank 4ThJ in hand at the wicd *nd aNwnt•d to £288.Sl4. Funds and R￿•￿•8 Al 31 August 2025 to1￿ hjndi #mwnt•d to È787.783. c¥)mwi•iNJ ￿restri￿d gweral funds of £701,8e6 and stnthd fijnds of £88,097. The reslri(aed C?nl•nary Fund 01 £86.097 has b¢*n sat a*d8 to Ce￿br81e th• c4ub's eent•nty 4nnlv•rnary, with funds (le¥ignateLI lor speu'fic w0j￿8 ts the ber*fft of members. Durirvj tho penoJm•- the Trugtetrs Th￿)nrtLY m8mbershlp numters dg8ely and aim to provth tsoiibe6 arnl 8eN¢es that gffer gc•J valu8 to memb•r8 eamer anu cour¥e LMknons- wealh8r redw and income.. th• Tru8lees maintsin approwattr re#eNeg ptsn iYJJTr• Maint￿¥￿￿ programmes to mitigat# this ti5k Cost pressur•s- the Trustee6 m￿rt01 expendilure carefully and seek to manage o)sts effiryerfy whjla maintsining the qualty of faglitiv>. Iri ydrtknjlar. Increases to the Natr"cnal Minimum Wage and èrnployer National Insurarw ￿n￿bu￿on$ are expeded to ifftase the charrtls staffing costs in th8 coming year. In re¥ponae, the Tru¥tees have approved an ir￿￿Se In membership wbscfiPtion$ of 8% with effect from th• next Sub￿n.pti￿ year to erraure thts dub rem￿nS on ¥ ￿nd financial loobng Regulat¢xy and g￿Manl￿ compliw- the Trust•es •n•wt that IhE chprlty meets ts obllgation$ to OSCR and oltw regulat￿ tx)di88 Paga 4 LOCHMABEN GOLF CLUB SCIO TRUSTEES. REPORT {COMTINUEDI FOR THE PERIOD ENDED 31 AUGUST 2025 strucwr•, govefflan￿ and managgmont a. Con¥fjtLrtlon Lochrnaben Goll Club SCIO is a Scottish Chantatle InCo￿￿*d Organisation ISCIOI registe￿d with th• Office of the Scottish Charity Regulator IOSCRI, tharity numb•r SC053642. Tr￿ (knrity is ￿nsti1Uted ynder its The charily wa5 establi¥heil ag a SCIO M 13 Sepiemb•f 2024. AJI trad8. assets and Ik?bllitiè¥ of the predectrsgor nlneorpor8teil cl¢Jb. LeLhmaben Goll Club. %we transferrsd at net tsc￿k Val￿ on 1 November 2024. from vthith date dl athvil*¥ of the ooff dub have been operated through the SCIO Thè transfer of a89Èts from thè Dredecessor orrJanisatkin Amrnin*￿ tn ¢n4.308 leompri%iry unr•th"d•d fiJnd¢ tsf £677,886 ond rcstrittt¢d fvnds nf P4R.4?3 relating to the C•nt•nary Fund). r•pr460nb"ng the nct O￿ts of the dub •t the dat• oftransfer. Th¢ th•ity alxj trnding p4Jb¥li•ry. LGC TTa(Jlng Ltd l¢LYnpany number SC8257531. whiL* was InI￿r￿￿)rated on 14 Ocaoter 2024 and commnced tradThJ M 1 November 2024. The subsidiary carries out trading on behalf ofthe tharity. b. M•thod• of appolntrn•nt or •l•Glloft ￿TrU￿t• The Board ￿￿31$1¥ of the foll¢XiThJ office bearers. eath eleded at Ihe Annu￿ Generydl M•otirg IAGKII from among th* voty'ng mam￿r5 ofth8 thanty to sèNe lor on• y•ar. but •lvJibl• for rtrdeC*K￿' Captain. Vico Captaln, Secrètary. Trea$ur•r. Lady Captain. Membership Treasuw, Mai(*) S￿etary. Handi¢ap Sett•tary, Greens Convenor. Hou¥e Convenor •nd Junior Con¥w￿. Ml trustee5 relire at eath AGM but are ¢Jeemed re*le¢ted uiil•6s t11￿ Ilie board Ihey 00 ￿$h to continug, an d•c*¢n process rtsjlts in their not being rev elected, or a resolution for their 1$ not Carr￿￿. The Init181 tharty trjstees ol the SCIO thoso irKlividuals who signed th8 chanty trustee d•dar*t￿n fornis aCC>)mpanwng th• applicatlon for incorporgticsn, and re d••med ¥pw'nt•d wrth ￿1￿¢1 from Ih• dat• ofirKoryJNthn on 13 S•pt•nkn 2024. . Ory•nlutSon•l •tructurn •nd d•cl•lon4Mklng polkl•• ThA Anarrt nf TrLl¥t•8f m••ts r•gulaty thwhout tho yoor to digeusty •nd deeAd¢ on matters r•ldts'iN Lv Ili¥ g¢vemanc• and management of Ihe ¢Jwity. Thè quorum for t¥)ard meth"rrfJs is 5 thanty trustèes presant In person Idause 9n. The Capl•in aas a8 chairperson ol eaen t4)Ard me•lng'. in Ihe abs•n¢• of the C•pl¥in. tha tru81ee8 pre3enl elecl a d)alrperson Irom among themselvès. The board may ddagattr rth¥ers to ¥ub- committees, provided èach suwnmittee indudes al least one dwrtty truste8. Oay-ttsrtAy m2nAoAm*nt ig délegated to staff and officers ofthe dub. %wth wnfficanl dècis￿ for Ihe full Board. d. Pollclg• adopt•d for the kn￿￿tIOn and tr*lnlng ol Tru•t••• TfUStÈes #ro ￿l￿fed Ir￿mdu*1ty on r•spon8ibilibè¢ #nd on tr* aff8irs of the th*fity. Al Trustees ar& required to c¢mply with the c¥de of wnduct pres￿1￿¢(1 by the Board from ts'me to tsme Idausg 921. and are made awAre of their dutios under thè Charib88 arKt Tnjslee Invg8ln*nl (S(x)t￿[KI) Act 2005 and the general Oblig¥ts"on8 of thanty trust8•5 in S￿Va￿j. e. R•la1￿ party r•latlrM)•hlp* The SCIO C￿n$ 100% of the trading sub5tdary LGC Trading Ltd. during the pericé the SCIQ Drovided an intÈre$l free loan of t45.000 to assist wth OFerabonal &3Mb"es as the Su￿"d1￿ was Èstablish8d. Commarcial aCtiv￿e8 are undertakèn by the wJbswJi¥y t*t* hwe an Operatic￿ interD)mp3ny aw)unt in plac& at th• year end dat•. Page 5 LOGHIAABEN GOLF CLUB SCIO TRUSTEES. REPORT ICONnNUEDI FOR THE PERIOD ENDED 31 AUGUST 2(12$ Plans tor Trjture ponods The Trust••$ am commrtted to the continued developmént of the dub and faoliw for the of members and the W￿er ￿Mmur￿ty. Key priortbes fof the comiThJ Ye￿ indude.. Instaiiation of a ne4V So￿rtY alam system fort1* greenke8pers' shed Investment of £5.000 tcwards a new tractor to frJrth8r suprth rfjurs? rnaint8nan¢e operatson• 1n3tallat.on of a new crJrr¥m•riial ¥entilatk)n th• krtCh￿ to improve ¢alering fac4lib.ea A eontribution of£10.000 t(wards th¢ CentenAry FLWKI to sUp￿rt th• dub's ¢entenary anniver¥ projects for the benefft of members Continuing to develop Memt￿h1p. gnyw p¥)C¥pa￿ in gc4f and w8ur• ts kno-tern finand•l sustainabilty of the ¢hanty Implementing an 8% increas& in mèmb¢r8hip subscrith'ons to offsth ts imparl ol National Mlnimurn Wage tyxrea￿ and hW•r •mpknyw NatiN)al Inwr•￿• c4Mtrfbuth on th• c*•ity'$ Staffing costs Membern. Ilablllty The Mem￿r5 of the Charfity gu•rth to eonthtrtrtg an am￿nI exceeding Él to Ih• ••Mts of th• Ch4rity in th• •v•nt of winding up. order ofthe mtsmbgrn ol the boffjl of TnJst••s and th*r l)ehaW by. Mr K 8•11 Captain and Tru¥tee Date" 26 May 2026 Page 6 LOCHMA8EM GOLF CLUB SCIO STATEIIIEKf OF TRUSTEES. RESPONS181LmES FOR THE PERIOD ENDEO 31 AUGUST 2025 Th• Twat￿6 are rea￿11b￿ fur wepartng me Iruste8s' reith t1￿ finanoal statemènts in afX>)rdanc¢ wth applicable law atyj unrte￿ lfhitrkn Acc(wntirYd Standard¥ Iunrted lfjngLkn) Gènerally Acwtod Accounting Practice). Thp. Iw applica￿ to charthes in requires tnt Iruslee5 to prepare financial staleman16 for e&ch financAal period whith gi¥e a twe and faif of thè 8tat• ol thairs of th• Charity *)d of its incomi￿j wesourLES and ap￿1￿110￿ of resources. irKfuding it¥ rnome W expenditurn. for Ihat period. In preparing these financial ¥tatements, the Trustees are re¢uired to. obaerve the methods ar￿ ofthe Ch8ritw SORP IFRS 1021.. make judgmtsnts and 8¢¢ounts'ng ethrnates tt￿1 a￿ reasonable and Dfutjent.. ¥tate %yh¥ll•¥i IIPPI￿￿e UK Accounting Stsndards IFRS 10?) have bwn foll¢x%rd. subject to any materfal departures disdosed and expl¥in8d in thè finana•l statements." ￿￿pare tha finan(ial stat•m•nt• on the gcing c<*xerr) rt Is Inappropriat• to weJum• that tt Charty will fthtirwe in PAMir*$8. Th• Tro¥tee# ar• respon￿ble for keeping ad&4uat• amirfiry r•c4xd8 Uwt ar• 8ufflc¥ent 10 8trKYW and •xplain tho Chantys transadions aThY disclox wth re8x>na￿¢ arAracy at any bm? thè finanrial posrtion of th* Chanty and •n•ble them to •ll8ure that the finanual sktements c£Jmply Imih Ihe Chanb'es and Tni*tp• Inv•stmont Igcollandl A¢t •006, the Charitie¥ ￿V￿niS Iseollandi Regulab.￿S 2006 las an￿ndP￿) and th• provisions ofth• Trnsl deed They arg ¢ilw re8ponwbkn for *uarding the assets of Charity how for taking r••¥on•tA• step$ ts tt* prw•nkn ￿ tjkn of fraud othw Irr•9￿aIrtlO•. )wnv*rt by ord•r ofth• mombers ofth• of $iwxd ￿ ts behaw ty. rK8011 Captain and Truste• Dat•.. 26 May 2026 Pagè 7 LOCHklA8eN GOLF CLUB ￿lts INDEPENDE1￿ EXAAIINER% REPORT FOR THE PERIOD ENDED 31 AUGUST 2026 Indgpgnd8nt èxamlnoth r•port to lh• Tn￿1••* of Lochma￿Tr G¢>lfClub SCIO I report on the accounts ofthe ¢harity trth• p￿1 ended 31 Auwst 2025 whK* ar8 8•t out on pag•¥ 9 to 22. Rospe¢tlvè r••pon•lbllikn• of Tn*lo0• and •xam•nBr The thariws trustees *• res[￿9￿*10 for ts w8parntiM of th• flnartual 8tstem¢nts in acajrdance with the terms ol the Charibes and Truslo8 Inv96tmont Iscollandl Act 2005 cthè ACVI and the Charilitrs Acwunts IScotland} Regulation 20C6 Ilhe Ac¢ounts R•gulab"ons'l. trustee5 consider thai th• 8udrt r6quir8ment of ulabon 1011llal to Icl ol thè Ac(x)tJnts Regul*on$ th)e5 not appty. It 1$ my responsitjlily lo examine Ihe finanaal siaiements as requireA under secbjn 441111cl of ts Ac* and to $tste wthethfjr Do￿lar mattwp h come lo my attention. 8a•l• of Indgpond•nt •x•mln•rf• •t*tsm•n¢ My exominalh)n was carried out in arxI)￿anr￿ wilti rylLil#tion 11 01 th• A¢￿￿￿t8 R•gubbon6. An ox8mination Indudes a revw of the acAx)unOng rtewds k•pt by th8 thanty and a conpari*on of th• financial &tatements presented wth thos• I•￿rd8. It al￿ indudes con*der•tion of any unusual items CK ¢Ji¥dosures In the Ilnandal statements, and seeking explanats"on$ from as trnstees concemlng any rnatters. The procedures uiid¥ildK¥ii rivi prowae ali me eviuence inat woukl b• requ￿ed in an audit and con$equendy I do not express n audll oplnion on the mv given by the a¢x•Junts Ind•pend•nt •￿rnIn•￿• •t*twn• In th• Cou￿9 ol my •x￿1n•t￿. tK* matter h•8 (trfne to my attent1￿.. whith 9fv•5 mts r¢aWna￿fr rau8e to belth thai In ary material respe¢X the requirements.. to ke•p acQJ￿￿.ng reC￿ts In acc￿￿n¢¢ ••¢kn 441111•l of the Act and regulatbn 4 of thg Acgjunts Re9ulat￿s." •twJ to DreDarè ffinanual AtAIAmAnlR th• aeeounting r￿)￿0, A<￿￿10Th9 aTr R•ptsrting by Charitieg preparin9 Iheir acc4unts in the Flnarfal Reporting Standard In the UK Republk of Irel8nd IFRS 1021 and In 0lh•r rospg¢to comply with fègulation 8 ofthe Axounts Regulal*)n6 h•v• n¢t b•én mct.. or ro which, Irtr my *ttenbon •￿UkI be dr￿ffi wder to enable prop•r uThYerstandlng of ihg flngndal 8tst•mènt8 to be r•athed. This rew1 is made to ihe chanty$ Ttustees. as a b￿. #i A¢tA)rd9r￿ %4Tth r•gvl*bt*> 1101 Ch8lltie$ A￿unt$ Iseollaryjl R8ouLqtions 2006 My hAs undertak•n 60 that I might state to tho charitys Truste8s thos• matters l am r8quir•d to #tate to them ￿ an Indeper￿ent examinerfs ¥¢port and f¢y no ￿her purpose. To the lulle8t extent permitted by la￿. I do not a￿p1 or assume ￿sponsi1￿1￿ to anyw other than the harity and th* ¥liaiily'¥ Tiuèi¥¥o a L¥Jdy. for my or for mis tepm. Signed.. Dated.. 26 May 2026 KÉsr@n R•e FCCA DC Arrrtstrong Wat8on LLP. 51 Rae Street. t￿Mfr*S. DG1 1JD Page 8 LOCHIAABEN GOLF CLU8 SCIO STATEMENT OF FINANCIAL ACTivmES FOR THE PERIOD ENDED 31 AUGUST 2025 Total lund$ nds fvnds riod IJ PtiiuQ 13 Ponoo 13 S•pt•ml3•r Soptemb•r S•ptemb•r 2024 to 31 2024 to 31 2024 to 31 AUg￿t 2028 Augll•t 2025 August 2028 Donations and legati•s Chantsble ac*'vities Investments 702.108 06.09Y 788,206 JOG,024 4.753 4,753 Total incom• 1,013.485 86,097 Expondlturg on: Ch8ritJblo a¢bvib'¢• 1.099,582 311.799 311,799 Totsl •xp•ndilui¥ 311.799 311.799 N•t mov•m•nt In fund• 701,686 B6.097 787.783 KeconGlllatlon of funth: Nèt rNiv•menl in fund• 701,6e6 80.097 787,783 Totsl lund• fi>rw•rd 701,686 86.097 787,783 The Statem•nl offinanoal acbvthes all oaing W￿101￿¢ rnwnioed in the period. Th• n￿81 on pagèg 11 to 22 lom part ofthe•e fin•nc4al ¥tal￿ts. Pag8 9 LOCHIAABEN GOLF CLU8 SCIO BALANCE SHEEr AS AT 31 AUGUST 2025 202S Fix•d a8sgts Tangible assets Investmgnts 585,7S1 12 Curr•nt •￿*1• S85,752 O•bto Cash at b•nk in h•rKJ 13 21.659 288,814 Curr9nt Il*bllltlo8 Creditor8.' amounts (hJe *itPMn onè y•4r ¥10,173 14 11118,1411 N*t Guir¥iiL 202.031 Totsl ••••ts ¢urv•nt Ilabllltl•• 787,783 N•t a••ets oxcludlng p•Mlon as••t 787,783 Total n•t I•￿ts 787,783 Charlty fvnd• Re$lricted funds Unr•8trided lund• 86,097 701,888 15 Totsl funth 787.783 The ￿nanI￿al 8t¥t•m•nts apm•d aUthC￿"￿j for by th• Trust￿ and wgn•(l on Ihgir behall by.. rK8611 Cayldiii df141 Ttusree Date.. 26 May 2026 Cth)v•nor and Tru$te8 The rntes on pages 11 to 22 forni part oftsae finantA•I atatenxnts. Page 10 LOCHIAABEN GOLF CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOO EIIDED 31 AUGUST 2025 Go￿ra1 rnfommton ' ¢)chmaben Golf Club SCIO 1$ a Scottish CharitaUe Iwrabj O￿nISa￿c￿ r•gi8tered wilh OSCR Mlh d)arity numl)er of SC053642. The princapal olk* IJ Lothmaben Golf c￿b, Casllehill Gat•, LOC*fftw￿. CG11 1NT. The charfty •913￿1$h•d a8 a SCIO 13 September 2024. tsade, assets and lIat￿l￿e8 of a wedecessor elub were trartsfeThed at th￿"r rrti bty)k on 1 N¢)vember 2024. henc8 operat*)nal IGu¥itse• comrnen¢8d Iwom this (l*e. The ¢hanty also oM)s a tradino subsidwry. LGC Trading Ltd Wh￿ 1r￿JrrOr9ted on 14 Oetob•r 2044 and commenced trading from 1 N(wÈmb@r 2￿4 No wis01￿l#tion 1$ r•quirgd of the finan¢io1 st8tements e to the reL4tW• *Z8 of bl• orwiubom. countlng pollc 2.1 8•$is of pw•paratSon ot fftn•ncl•l •t*tsrn•nl• Th• finaneial ototcmcnts h¥v¢ been prepared iii wlth cnaflvè$ bUP¢V IP14S 1021- AcLounting and Rewtirva by Charili8s Statement ￿ Rec¥)mrn•naed Pra¢b¢e applicable to chadtle prgpanng their accounts in j￿rtant¢ wtth Fin¥naal R*p)rtirvJ Starnlard applicwlAe in the UK and R&publK ol I￿lan¢j IFRS 1021 loffeth• 1 Janu•y 20191, the Finant481 RepOt￿ng Stana•rd appliCa￿e in the UK and Reput4ic of Irolanrt (FR.9 1n?l and th• Chg1ib•e •nd Truatoo Invetstm¢nt Iscouandl Act 2005 and Ihè Chariti•8 Accounts Iscottandl R•gulations 20061a# •mendgdl. Lochmabon Goll Club SCIO meets th• d•finibon of• bengfft erfty untter FRS IQ2. Assats and liabilities are Inrtially reco9nrned at hith"¢al c06t or transactson value unless othervAse stated in the T¥lev*il acrwniing PJW. 2.2 Golng ¢onc•rn The Chanty ho$ r•vie**d it$ c•5hftN for￿•$￿ and budget8 and ther• i¥ ￿aSonable expeetation that rt has asjequate ￿￿￿rCeS to ¢onbnu• in operatswl exi8ten¢e for at leasi the next h¥elve months on thL• ba￿# tr* CW 1$ (1￿8￿1ered by Tnj8t￿$ to bo a wng 0)rK￿. Z.3 In¢om• All incorne is rets>3nised one• the Ch•rty has er￿t￿rnent to Ihe ir￿x￿¢, tt li wc4)•blo that the In¢om8 ¥wll be receNed arKI the aff￿nt ol Ir￿<￿ rec*ivable Can be ffl888ured rgllably. 2.4 Expgndlturn Expenditur6 1$ recognised orKe th•rn 1$ a legal or wnstru(*'¥e ON1ga￿ to tronsfer aeonomic benefit to a third parfy. it IA that a tran$f•r of •conomie beneffts wll bc requir¢d in aettleireiil 411 IhÈ amount of the obligabon ean be measured reliably. Expenditure Is dassified by ataivty. The c¢yJt$ tst oach a￿ mad¢ up of th¢ total of direct ￿sts ar¥J $liarEd (yJ5ts. ￿ndU01n9 SUPPOrt costs involved in yndertaking each Oirect o)sts attributable to a sirwJlo ath.vity are allo¢ated dir¢¢tly to that athvty. Shared costs whieh ￿ntnbtrte lo MO￿ than one activty and 5UPPOrt costs whith are jt attribuiable to a singk ath'vity are ap￿￿one￿ betsveen those ath"vilfres on a basis con$istent the use of reswrces. Central slall costs are alktated on th8 bail# gf b"m• spent, and d8pre¢iati¢)n rthafges ￿lor￿ted on thÈ portion of the asset's Ug•. Expendrtur8 on Gharitabla ¥li¥ibes is i[w￿l un¢Jertaking Ihg activibe$ whfL* ftther I Chantys (ljjectives. as Twdl as any assou*¢ SUPFrf t>)6t JI expenditure 1$ iThJusive of irrec0￿blÉ VAT Page11 LOCHAIABEN GOLF CLUB SCIO NOTES TO THE FINANGIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 202S A¢¢ounting pol*cl•& {¢otitin¥•d) 2.S Int•mt r•c•iv•bl• Interest on funds ￿ld on dopos.rt 18 induded receiv*• the amount can ￿ m¢asured liatAy by the Chaiity.. this is nortnalty uw)n rM)tifKatb￿ of the or payable by lh• Ins￿ub0ft wth whom Ihe fijnds ar• dep)srt¢tl. 2.6 T*ngibl• filed a¥••ts and ¢knprncl*tlon Tarv4i￿• fix•d a880ts o)sb'ng £250 or a￿ e•talL8ed and recogniged firtur• econorni¢ benefit• •r¢ wobaL4e and Ihe 6v&i ￿ v•lu¥ uf Ui¥ dx¥l irtui ￿ li￿4¥y1¥￿ [¥lla￿Y Tan9ibl¢ fixed assots ar• in￿"allY ¥èt3J9niB￿ at C061. Aftw r8u)gnib"on, under the cost nTr)del, tsngible a&8ets a￿ measured at cost less accJJmulated depr*¢wbon and any accumulat¢d irnpaimienl losses Al r£JAt% inoyirr4*1 tn hrino a tAnoiN* fiY*rt inth itq intendod working eondition $hguld b• Ind￿d￿ in lh• m•awr•m￿ oteom. D•prnoaD'on is charged so as lo allo(xt• Ih? o)31 ol tangible flxed a$84ts les8 thw'r resldual v•lue over Iheif ests"mated usèfvl IN85, U￿ng thè straighl-line mèthod. Oeprecy8bon is prwded M the fdltym'ng b•s•S'. Golfceyro? bnd Plant •nd maGhi F￿lur¥S gnd fitslrg Clubhoua• . deprecioted ¥tsdiylIl lili¥ l￿-20% strnl9ht lin• - 2% Stra￿ht lin• 2.7 Inv••tm•nts Fixèd 8$8et invesknents a￿ A lom ol fwwncial in8lJument and •r• inill•lty T•cognSMd at th•ir transaclwjn cost and subseqwntty rnoasured at fair value al the Balance sheet (Jale. unless the value cannot De measured fdL8Oly In ca8e rt ￿ measuled ai cost less Impaiment. Investment gains h)$strs. wtslher realised or unrnali88d. ao c¢mtsned and pre8enlod 88 'GaingllLoss•81 on Investments. Jn the Ststement of finants￿ aliv￿e% Inv•4tm•nts in 8L*wdiaiio• *• valu•d tst thi0t10￿ provioion hr impotmionL 2.8 0obtor• Trade and ¢)ther debtors are recwnised at the ￿ttternent amount after anv trade di8counl offered. Prepayments are valued at the arTr)unt prepa￿ rÉl ofany Irade discA)unts duè 2.9 Ca•h at b•nk •nd In h•nd Cd¥li dl tpank antl In hand IwKJuUE5 (¥5n arKY 5non-TrnTr nh3nry liqu￿ InvesD1￿M wnn a snort rna￿nty of Ihree n￿nIn$ or i*ss from date of aOwi%b"c￿ or openiro of the dekM)5rt or similar a￿O￿nt Pa9e 12 LOCHAIABEN GOLF CLU8 SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 ALIGUST 2025 Accounting poli¢iw Icontsuqdl 2.10 Li•bllllig• and pnwknlons 'abIlrti￿ a￿ recognised when there an oblgab"w at Ihe Balan￿ sheet date as a ￿￿￿1t ol ¥ past nL rt is probable that a trarisler of eo)rml¢ t￿neffl *iN be requir￿ in s•tU•ment. and the 8mtsunl tyfthe S8ttle￿nI can b* e•ts"mat•d relia￿. Lk4bilfy"es are reo>Jrysed at th8 amwit ttrmt ts Ch*ity ￿"P¥to• it will pay to ￿1￿* the d•bt or th? amount tt rec•l¥od •# a￿¢•d paymonts for the gtoJ¥ or geThices it must wowde. Proviaions are n)e4*Jui*xJ ¥1 Ili¥ e5umaie Of me anYJunts ￿qUired to settle Ihe oblioation. Where th¥ ¥ffeGt of the ttrne V•lve ol morw Is Mat￿1¥1. the provésion is ba￿ on the p￿sent value of tho#8 mounts. discounted at lh9 pre-tax dis¢ount ratè that refieds the risks specbfie to the Ii#btlty. Th• vrthinding of the di8count is r¢cvgr4ged th• Slathent offfinarml •L*vfv•s •• a financ• ￿8t. 2.11 Flnan¢lo1 In*trum•nts The Charity only has finarvial a￿ets and fln8nLyal liabilibes of a kiThJ that qualtfy as b8wc financial instrufflents. 8a$l¢ Ilnandal instruments are Inrfi'ally recognised al trangacts"c￿ value and sub8p.qiJAnNy mea9UW at their settlement vahje wth the excety'on of bank loans vthid) are $ubMqu•nlly measured ai aM￿h"se￿ cost usno the effectNè inleresl method. 2.12 Pen•lon• Th* Charity opFvai•s a deftned c*)ntybuiion pensiw sch•m• and represents the amounts pay8￿* by the Chanty lo the fuThJ in respect ofthe p•rw)d. 2.13 Fund a¢¢ountlnq G•n•r* fiJThJ$ are unre*rktsd fvnd• t*tt4ch ar• w¥ilth fur at t￿ (ll8crnTh'¢)n of IM Trusleo9 in fiJrther•rKe of the gewal ob*￿ve$ ol the Chanty 8nd have not baen desionoled for other vuiyu¥¥¥. R•$trided fund• ar• fl￿d# to b• ift 407)rdanr* ￿1h sp*ffc r•stTttions imposed by donors or whiL* have b88n raised by tl* Chanty for parbcular purpose$. The cojts of raS$ing oThJ Aminist•ring such lund$ aro thJry¢d ogoinat the Jpe)fiG fvTrJ. Th* diiii all￿ usv of eau) r08tnctea fvnd 1$ sot olrt In Ihe notes to the fin•rKial stat*r￿lS. 1mlesb7￿ [r￿￿rn•. 9ain$ and alltxated to ts ¥pprowiats thjnd. Page13 LOCHPAABEN GOLF CLUB SGIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 202S Income from thnatlon¥ and 1•ga¢l¢s Unmtrictad RA•lTletsd Total ful￿9 funds fiJnd$ P•rit)d 13 P•rfod 13 Perfod 13 sept￿￿Or S•ptsmbor S•ptembar 2024 to 31 2024 to 31 2024 to 31 August 2Q26 Auoust 2025 AuguJt 20211 Donatlon• Tidii¥fvi Irom weoeces8or ￿nisats)n C()n•tion8 077.885 24.223 48,423 39,874 724.308 63,897 702,108 86,097 7¥8,105 Tranjfer from prede￿S01 or9anIsats￿ compns•s a8Sèt# liobilths transferyed at t￿lf net b)ok value from Lochmaben Gow Club. an unincorp￿th organisati¢)n nn 1 ￿n￿rnb•r 2024. From thia date all 5Gb'￿tIeS ofthe gom dub *tre operated through thè SCIO •nd its trading subs￿lary. Incom• frgm ch•rltsbl• •¢tlvltl•• Unr••trlet•d Total nd¥ funds P•riod l) Od13 Septemb•r S•pt•mb•r 2024 10 31 2024 to 31 August 202S AiJoii*t ?02G SubJcription• Loc*er lees Bu99y and trolley hiro Match an¢J compefjtiem entry fo•8 Hol• 8pciisors Otrer income 260,003 1,300 15.910 30.332 11,4751 $54 260,003 1,200 16,910 30,332 11,4751 $64 3C6.624 306,824 Page 14 LOCHIAABEN GOLF CLUB SCK) NOTES TO THE FINANCIAL STATEIIENTS FOR THE PERIOD ENDED 31 AUGUST 2026 IlnvAAfrlct Total fundts fund• Pertod 13 P8rlod 13 S•ptembor Soptam￿r 2024 to 31 2024 to 31 August 202S August 2025 Bank int•r••t r•coiv¢d 4.753 4.783 of •xp•ndl￿ro on •h&iitsblo •GthTIII•• Summary by fvnd typg Unr••trlct•d fund• Tot*1 P•rlod 13 P•rJod 13 S•ptem￿r S•Dtemb•r 2024 to 31 2024 to 31 Auqu•t 2025 Au9U#t 3026 Golf dub 311.799 311.799 An•ty•l• ol•xp•ndii¥rn by Ktlvld A¢tlvltl und•rt•k•n 8uppgrt Tot•1 dSrKtIv co•ts lund8 P•rlod 13 P•vlod 13 P•rlod 13 Septgmber SeDtsmber Soptèml￿r 2024 to 31 2024 to 31 2024 to 31 Augu•t 202S AugU•t 2026 August 2026 209.190 102809 311.799 Pag?15 LOCHIAABEN GOLF CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDEO 31 AUGUST 2026 Analysi8 of eXpAThlI￿re by •elfviliM leontinu•dl Anatyoi4 of dI￿￿t co•ts Total fund¥ Perfod 13 Soptembor 2024 to 31 August 2026 Staff costs Prinb'ng statimery eundry expenae• lffvjation Fuel and +>1 Fe￿118￿ Op¢r#b'ng1¢8•8• Mathinery r•wrn Propety cojts cou￿¢ upkeep Stsff trainin9 •nd dothing Match ond compekn o)8ts Clubhouse r¢pairs 98,019 2,273 2.579 11,6061 7.484 19,707 20,130 8.573 2.406 5,304 1.B81 19.367 23.211 209.190 An•ty•l• ofsuppon co•ts P￿￿16 LOCHIAABEN GOLF CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025 An0￿19 of •xpgndltuvg by 4¢tiviba• l¢onlinu•d Anaty81• ¢)f support Gosl¥ Iconllnuedl Total funds P•riod 13 Septembor 2024 to 31 Augu•t 2026 staff ¢o¥ts Depr￿'8b'On Prinl'ng aThd stationwy Honoraria Bank ¢harg•8 AffilMtson fee8 IT wllwdl¥ &iiMJ IxJnsumaD*S ALfv•rts$ing and marketing Tdephone arnj Intsm•t Sundry •xpAnA Insuronre Irra￿Verabkn VAT 53,054 4,793 332 1.280 1401 10.96S 8.766 726 1,351 406 20,267 102.609 Ind•p•nd•nt •xwnlnorf• I￿￿neratIon 2026 Fetr3 payai)le to Charity8 Ir#J¢pwKlenl examinrts the ind•p•rKJert •xarnin¥tlon of Ihe Charivs 8nnu81 ac¢oLmts 2,600 Page 17 L(￿H￿lABEN GOLF CLUB SCIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENOED 31 AUGUST 2025 Stsff co•fx Period 12 S•pt•rnb•r 2024 to 31 Augu•t 2025 Wages and salari•s Sedal ¥trAtnty costs Contributyon to $Yofin￿ 0)nth'but￿n pen￿ ¥them 139,064 10,721 1.298 161.073 Th• Avoray numb•r ol p•rnon8 •mpl•y•d by th• Clwty during th# poriod wots •J followa.. 2028 No. Empbye•s 14 NO r•c*v•d rWn¢Thfalw￿ rnntiry lo morn thAn P60.Oc￿l In ¢itPN•r y•*r. 10. Tru•t•o•' v•mun•rAtlon •nd *XP￿ Durfng th• Honorarium of £1.250 wa8 paKI lo the Memberghlp Sw*ry w•1￿ Is 4 Trust•• of the SCIO. Ourin9 the •nded 31 Augu9t 2025. no Twstee exp8nw hm been irKyrred. Page 18 LOCHAIABEN GOLF CLUB 8CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2026 11. TangIb￿ flx8d assèts Goll courn• land Pl•nt and Flxlurns and ma¢hinory Ilttlng¥ club1￿￿** Total Co•t or v•lu•tlo 462,392 2.787 59.280 66.079 590,544 At 31 August 2W25 482.392 2.787 59.286 68.079 890.644 Dgpr•cl*iion Charge for the pernd 163 3,529 1,101 4.793 AI 31 Au9U8t 2025 1,101 4,793 Not I￿0￿ v•lu• Al 31 ￿Jgu￿t 2025 462.392 2.624 65.7S7 64.978 585,7S1 12. Flx•d as•ot Imi••tm•nts 117¥￿tm•nts *ub8ldlary ¢￿t or valuatfjon Addition$ Al 31 August 2tr25 N•t book val At 31 ALyusI 2025 Page19 LOCHIAABEN GOLF CLUB SCIO NOTes TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 202S 12. Fix•d awt Inv•strn•nts l¢ontinwdl Prbnclpal $ub•ldiaii•8 ful￿￿11￿ a subsldlary uThJerraKing off￿ Gnamy. Namo Company Princlpal a¢ll¥lty nurnbgr ela## of •harn8 Holdlng Tradlng Ltd SC825753 Trnlirv4 wbJ*Jlary The finanaal resurts of subsKltary fry the pericrfi were" OrdI￿ry 100% Nam• Incom• Exp•ndltuv• ProfiVILo••) N•t 4•••ts for th• LGC Trthjing Lld 241,799 207N97 34.302 X303 13. D•btorn 2025 Uue wlthln ong y•af Tradè d•btorn Other debtors Pr•paym•nts and a¢¢Nod wK¥om• 1,411 13,084 7.164 21,659 14. CY•dltorn: Amwnts f4lllng du• wlthln ¢)n• y••r 2025 Trad• Cr￿￿Or8 Amounts oweo ￿ grwp unaenaKirvJs 0th0rtsxati￿ aryl social s•cuity Pen3ion credrtor Olh•r er•ditors A¢¢ru¥ig and deferrea InDJne 11,391 47,650 4,023 B61 27,030 16,581 108.142 Page 20 LOCHIAABEN GOLF CLUB SCIO NOTES TO THe FINANCIAL STATEME14TS FOR TME PERIOD ENDED 31 AUGUST 2025 15. Ststornont of fvnd* Stat•m•nt of lund•- ¢urr•nt pgrlod Balance at 31 Au9U•t 2025 Incom• Exp#ndknr• Unrnstrict•d fund* General Funds 1.013.485 1311,7901 701,086 Rntrl¢t•d funds C•nt•nary Fund 86,097 88,097 ToLg1 olfundl 1.099.$82 1311,79•1 787.783 Contonary Fund is to c*Wrot¢ dub's 100 year •MiV•Qary ￿•th dcnatwJn$ bwng received tow•rd$ $p•cffj¢ projects lor tho b*n*fil ol nbembor8. During thg perio(1 £46,423 was transferred from th• predecessor organ1w1￿ *rylh edd￿"0n￿l ¢kn8tsons t•ng rtteNed post transf•r. 16. Summ•ry offund8 8umrn•ry ol fi•nd•- currnnt p•rtod Balanc• at 31 AugU•t 2026 Ineom• Exp•ndltuv• G•n•rnl fiJnd• Resln'¢t•d fvnd3 1013,4815 86,097 <311.7991 701.666 86,097 1,099.$82 1311,7991 T87,783 Page 21