THE CORYJ ELtUS TRUST ACCOUNTS 31- MARCH 2026 co￿ENTs Pagc Trust Administration Report frorn ih¢Trust¢as....................................................................... Statement of Trustees Responsibilities........................................................................... Independent Examiners Report..... . ..... ststement of Financial Activitics.................................................................................... Balance Sheet Notes to Financial Staternents................................................................................. 10-14 Page 2 THE CORNELIUS TRUST ADDRESS 4 Curl¢w Drive Chippenham Wiltshire SN14 6YQ PATRONS Major General Dan Reeve MC TRUSTEES Li Col JPJ Judge (chairrn￿) Mr R P Sheldon late RE (Se¢retsry} Mr R J Campbell ffreasurer) Mr P Steen (Grant Secretary) Lt Col V J Robens RE Lt Col W Faux Lt Col A Gleeve Wng Comd J Palmer MBE RAF Revd {W8 Cdr) AR Nicoll RAF The Revd P Parker Lcpl J Lee SOLICI"I'ORS Neale Turk Rochfort 12 Kings Ride Camberley Surrey GU15 4JG CHARITY REGISTRA TION NUMBER 1002371 GOVF.RNtNG INSTRUMENT Trust decd dated 14 November 1990 THE CORNEUUS TRLtsT-TRusfEEg REPORT 2025126 AIM AND PVRPOSE The Trust seeks to support serving and ex-serwng rnembers of the Amied For￿5 and MOD fjvil Servants. as well as their dependants, in developing and strengthening their Christian faith through attendance at camps. conferences, courses and at Chrtstlan leisure centre& We particularly seek to support and encourage those en8a8ed in evangelism within the Military and those who wish to consider the clalms of the Christlan Gospel. We also provlde widèr benefft by a$5irting Chrfstians from the Amied Forces of other countrles. OBJEcllvES AND ACTivmES In accordance with our aim the trust provides finanoal grants to: Support members ofthe Amied Farces and MOD Clvll Service community to attend events organlsed by the varlous Mllltary Chrlstlan Organi5atTrons IMC051 or other Christian events for rest, recuperatbon, fèllowshlp and teachln8. Support MCOS in thelr PrO￿s1on of conferences, course5 or actiwtles. Support other activities aimed * prop3gatlr￿ the Christlan gospel within the Amied Forces. Ids from jvnior servlce personnel are partIcUlar￿ encouraged. CONSTITUTION AND TRUSTEES The constitution was revlewed In January 2022. There have been no slgnificant changes deèmed nece$5ary as the extant constltution contlnues to allow sufficient freedom of actlon to sat15fy the objectlves of the Trust. Durlng the year an additional trustee was appolnted In March 2026, and we have started succession planning for our long sefmng Secretary and Treasurer. Two serving trustees have also retlred from attive 5ervlce, one regular and one reserve. As a trust serviw a predominantly'younB' constituency we remaln conscious of the need to encourage and bdng In new tft￿l partbcularly Junlor Rates and Ranks from the three Services, whom we most routinely alm to supwrt. COMPLIANCE, ACHIEVEMENTS AND PERFORW4NCE Investments The flnanclal year 2025126 saw an Income from our underlyln8 Investments of £36,833, whlch are professionally managed on our behalf by Jon Crompton. Brewln Dolphin. The Trust also owns property In Shropshlre as part of the invellment portfolio. During the year we contlnued to progress plans to rationalise these holdlngs la Ilsted property) due to thelr age, locatlon and increa&ng maintenance and Complian￿ burden. The four flats were vacated in preparation for refurbishment and conversion into I￿0 semi-detached th¥ellin85. Planning and listed lJiJildln8 consent have. however. Droved more protracted thèn antldpated. An Inltlal refusal12 April 20251 led to engagement of specialist planning SUPPOrt and a programme of surveys and tests (Ma￿l￿1Y 20251, after which an application was resubmltted124 Augu￿ 20251. A further refusal was subsequently i55ued, notwithstanding an Indlcatlon from the authority thatthe ovèrall proposal 15 likely to be acceptable subject to provision of some final details and a site visit. We are ojrrently awalting confimiatlon of approval for the latest submission. While the property ￿mainS empty, we have taken steps to reduce risk and cost.. system5 havè been drained anil secured. a regular watch arranged. locks changed following an i501Jted trespassltheft Incident (now resolved), ond we continue to manage ongoing holding costs (notably insurance and council tsxl a5soaated with an extended void Feriod. Grants Grants this year have totalled £35,278. We have helped numerous appllcants attend retreats, conferences, courses and pilgrimages. We again provided a subsidy for attendance at the Gathering. We als0 SUPPOrted Issathar (Season 21 as a 2025126 inltiative, a leadership programme aimed at developlng thristian leaders within the Armed Forces and wider MOD community. for which recruitment commented during the year. Similarly, we continue to 5ubsidise a Chrlstian holiday camp for service thildren. milÉtary families attendlng summer house parties and young soldiers. sailors and aimien attendlng Chri5than festivals. These artNitles are typical of the broad range of activftles that we support across all three services including both seNing and retlred milltsry families and their dependants, thus demonstrating a tanBlble wSder public benefft. We encoura8e and welcome new bkls, espeualty from those with novel ideas. We contlnue to work, where posslble, with other established MCOS including Mllltary Chaplaincies, but at the same time encourage blds. large or small, from individuals and non-military organisations where they support the wider military communlty. We continue to work with the Armed Fortes Chrlstlan UnSon IAFCUI nd the Soldiers and Airmen Scrlpture Readers Associatlon ISASRAI which provbdes SUPPOrt to members of all three services, and our srants subsidise the c05t of their numerous events. MANAGEMENT OF ThE TRUST We are fortunate to have a body of willlng trustees who glve freely and 8enerou51y of their time and, belng elther servlng milltary or ex-milltary, brln8 knowled8eable. mature and reasoned jud8ement to their task. The trust does not have permanent employed staff or offlces- its admin15tratlon Is conducted on the internet using a secure well-produced and malntained Trustees, forum. Thls reduces cost and Is tlme efficient. The Trust also m3int3ins a publlc web site from whlch anyone may 80in Infomatlon and submlt grant application. Trustees Committee meetings are held three tlmes a year and are recorded In mlnutes as requlred bv Charlty Commlsslon rules. The MS365 migration has been completed and we are now seeking opportunities to optimlse our digltal ways of working to funher improve efficiency and Information management. Admlnistratlon costs remaSn negligible. The accounts contlnue to be maintalned to an extremely high standard ty ourtreasurer Mr R J Campbell and we are well supported and advised by our Brewin Oolphln fijnd manager. The accounts are properlv externally examined In accordance wlth Charlty Commisslon rules and they are filed with this report for scrutlny as requlred. Rlsk Analysls The Trustees consider the prindpal rlsks affectlngthe charfty to be: A decline In the value of investments. Perforrnance during 2025126 was encouragin& reflectlng positive market perfornlance throughout 2025. The trustees contlnue to minimise valuation risk by enga￿1n% portfolio managers to maintain a balanced portfolio under regular review. Our investment manager brlefed trustee5 on 12 January 2026. Damage to properry whlch the Trustees seek to mlnlmise by maintslning mana8Èment overslght of the properties and ensuring adequate insLbrnnce CO4Er. Investsnent Policy Seeking to achleve a robusi income weld to fulfil its d￿ritable purposes coupled with longterm capltal growth as an Inflationary hedge from a balanced risk portfolio. Publlc 8eneNt In preparing thls reporL and in planning fvture activity, the tnjstees have considered the Charity Commission's gener31 guidance on public benefrt and its supplementary public guidance on the advancement of religion for the public benefft. The trustee5 believe that the best way to orry oiit our oblert1￿, and to provide publlc benefit for the sector of the public targeted withln our constitution. Is to contlnue to wpport organisations and indivlduals in Ilne wlth our charbtable objertwes. SUMMARY The Trust has had another good year despite Contlnul￿ thalienges. We optimistically look forward to 2026127 seelng additlonal Consolidated bids moving forward from SASPA, while ensuring our income from investments allows u5 to keep pace. We continue to encoura8e and welcome innovative and novel blds for support addition to those regulady received. We remain well placed finanually with senslble reserves that will contlnue to enable us to we*her any further fluctuations in the broader economic environment and allow us to fulfil our aims and objectives in accordance with our ¢on5titution and charter- fvll details of whlth are available on our website rf requlred. On behalf of the Trustees JPJJudge L6eutenant Colonel Chalrman of Trustees Page 6 THE CORNELIUS TRUST STATEMENT OF TRUSTEES, RESPONSIBILJTtES Charity law requires the trustees to PTepaTe financial statements for each financial year which give a true and fair view of th¢ state of affairs of the charity and of its financial activities for thai year. The trustees are responsible for keeping proper accounting records which dis¢19se with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the finaTteial statements comply with the Chariti¢5 Acts. They are also responsibl¢ for safcguarding the assets of the charity and hencc for tsking reasonable ￿ep$ for the prevention and detection of fraud or other irregularities. Date: Apr 26 Trustce and Chainnan of thc Tnth Council J P J Judgc CHARITY COMMISSION FOR E￿LAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Comelius Trust On accounts for the year ended 31 March 2026 Charlty no lif any) 1002371 Set out on pages 8-14 I report to the trustees on my examination of the accounts of the above charity ('the Trust.) for the year ended 3110312026. Re$pon•ibilitios and basis of report As the charity's tNstees, you are responsibl8 for the preparation of the accounts in accordan￿ wtth the requirements of the Charrties Act 2011 ('the Acr). I report in respect of my examination of the Trusvs accounts carri8d out under section 145 of the 2011 Ad and in carying out my examinats'on, I have followed all the applicabEe Directions given by the Charity Commlssion under section 14515llb) of the Ad. Indépéndent I have completed my examination. I confirm that no material mattèrs have examinerfs statement com8 to my attention in connection with the examination which gives me cause lo believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charrties Act. or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report In order to enable a proper understanding of the accounts to be reachbd. Signed: Date: 1210612026 Name: John Eolvards Addmss: 22 Ancaster Close Trowbridge BA14 9DA IER Oct 2018 STAIEMEKf OF FINANCIAL ACtTvlliES F(ff the 31st FAARCH2026 2025 Fwjds Tothi Tax r¢¢laimab B￿k interest Investment in(Ixnr R￿Tal inwm¢ ML5c¢llan¢ou3 Inrom¢ 830 36.133 1.686 39,380 36J33 39J80 11.905 37.663 37.mj 52.976 52.976 Exptodltwre Costs of r9i5ing funds.. Inv&sttnent Manw¢ntC(￿5 Tr3.101 12.617 12.617 Exp¢TrdltMre OD cb*rll*blt Atdvltl Opttatin8¢WMCY GrBnts Cllpilai f15￿ts Administration 36.874 352711 36.874 35278 15.753 31.489 15,753 31.489 192 5.163 5.163 Cwt of 8rahi miwry 59.405 59.405 TotAI EipElldltu 8J.443 85.445 71022 72.022 R¢oli5¢d 84inllLoss1 on sakof 1ttvts¢m￿ unreojl￿d goin1(L￿) M r¢vAittrtion of Co UnT¢aliyed Ilossywmon 31.075 31.075 12.449 12.449 151588 151588 (29.7041 129,7041 Net lntorntl(¢xpeRdltll￿￿ lJS.881 135,181 136JOII 136.3011 000} Aovement 133.B81 135.111 138.301} 136JOII Fund bal￿￿ tAuu8hi foThtrtTd 2.808.023 i$.th) 2,826.011 2.846J24 16,OV) 2.162.324 Tot*1 b*lantts txrrftd forwArd 2.941.904 2.961.gM 2.808,023 18.000 2,826,023 THE CORNFLWS TrUST E¥ALANLE S'HEE I Forthe y¢ar4>th131AMARCH 2026 2026 2025 Not¢ INVFSTMEr 2.934.4184 2.762.089 CURRENT ASSETS Deb￿￿$ & PrepaYo￿ts 1855 2.078 1855 1078 C￿h atFATrk - Thatch Acwunt . Royal Bjnk of Sts)¢t•Jd 11.353 8.082 42.976 l&J92 029 24.710 62.411 2.962.049 2,826,578 CURRK￿ LIABILITIKS Cr¢dityrJ A¢¢n￿# Inthpthdettt EX￿1￿¥$ Fe¢ Paymols on 8￿￿nt 410 145 145 Total Curreni Liabilthies 145 555 AsJ¢ts 2.961.904 2,826.023 FUiYDS 10 trfcttd Funds 'rhatch Major RepAJrn 20,1 18.000 GenuAi Funds 2.941.WM 2.808.023 2.961.904 2.826,023 Approvedon trKhaif of theTn￿￿¢S RJ Cwnpkll Pagc 10 THE CORNELIUS TRUST NOTF.S TO FINANCIAL STATEMENIS For the year eDded 31st MARCH 2026 I ACCOL'NTING POLICIFS { a ) The finart¢iai sthtrments have been prepared in accordanee the Statement of Recommended Practice SORP. The accounts (financia] ststements) have F*en prep2roJ under the historical cost convention with it¢tn5 reco8nis¢d at ¢os¢ or Iransaction valuc unless oth¢tv/ise ststed in the relevant note(s) to these accounts. The financi￿ stateme4Lts have been prepared in aecotdanee with the Statern¢Dt of Re¢ommended Prartice.. Accounttn8 and Rcporting by Charities preparing th¢ir g¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Firtsnciai R¢wrtin8 Standard applicabl¢ in the United Kingdom and R4)ubli¢ of I￿ land (FRS 102) and the Charities Aet 2011. The trust constitutes a public benefit entity as defmed by FRS 102. The trustee5 considtt that there are no rnaterial uncertainties about th¢ Trusi's ability to continue as a 80in8 Con￿rn. With r¢spe¢t lo the next r¢porting perifyj. 2026-27. the m051 significant areas of uncertainty that aff¢d the carying v￿ue of &5S¢ts held by the Trust are the level of investment return and the perfomwbtt of investsnent markets {ste the inveStm￿t policy and performance and risk management sections of the trustees, annual Jrp)rt for more infom￿li0nl. Planning permission is being sort for redeveloping th¢ Cotiages, with the aim dispose of them to fre¢ up wiithl which can be used for the widcr benefii of the Charity. ( b ) The freehold property is rev8lu¢4J every five yeaT5 and w2s r¢vAlue4 by the trustees in the year to 31 st March 2022 and is now shown at mark¢t value at the time of ValU￿10ft. The prom repairs have been charged in ￿11 to Incom¢ and Expenditure accounL ( c ) Th¢ Project Related Investment Property, L'nit 24 Shrivenham HuThJred Business Prt is held so to msk¢ it available for Milit4ry Christian Organi￿10n$ to use in th¢ Cours¢ of their charit&ble a￿1vItieS which nsi5tent with th¢ objeaives o(The Cornelius TrnsL The property is held at cost. { d ) Income, includin8 deposi￿ is ttedited to th¢ Incom¢ Expcnditure account at th¢ tÉme of receipt and includes th¢ rKovery of tsx dedu￿ed at source. { e } Th¢ tnjst has taken advanta8¢ of the exemption in the Finan¢id Reporting Standard No. l frorn producin8 a cash flow stat¢rn¢ni on the groun(Ls it is a small reporting entity. 2 OTHER INCOME RENTAL tNCOME 2026 2025 Thatch Rental Incom¢ I I,IX)5 Unii 24 Rental Income 11.905 CORNELIUS TRUST NOTES IcoDtiDued} TO FINANCIAL STATEMEPWS For the y¢ar Mded 31st MARCH 2026 Oper#iith2 expemses Insurance M?inl¢nance Mljor Thatch Impyovts Council T Hcal li8ht md walcr Miscellatwjs 5.178 170 20211 9.701 1.614 4J97 2.638 3.919 3.746 897 l56 3&f4 15.753 AdminiatrAtIo PDM S¢atiorKry Professional f￿S Thatch (Admin & R¢pair5) Thatch IPTofcs5iona] Fees) Audit And ￿¢Oun1&ncY Retnov415 'rclcphone Bank Char8¢S Trustee'l'r4inin8 Travel and wbsi#cnce 47 33 1,450 l45 3.J33 145 5.163 Trujtees Expens•s Adminim¢ion Travel Pag¢ 12 THE CORPIELIUS TRUST NOTES {¢ontittuedl TO FINANCIAL STATEMENrs Fortht year •Eded 31st MARCH 2026 2026 2023 145 145 EMPLOYEES 2026 2025 T(rfal emolutr Averd8c of eryloyc NoeMplO￿ ¢•rned ththn £40.(m in Nil P￿13 THE COIINELIUSTRt NofES (¢onlliudl TOFINANCIALsfATEMEriis pre•dedJlst MARCH 2026 INVFSTMEiYrs 2025 Q¥ot¢d 1.852.643 516.873 1509.6781 151587 1.839.680 Pur£b&*l in the ya DJ"sp)sal$ JD th¢ ytw Addil¢S>Juctl WrdlLthS)￿ rvduai 462,742 1420,0751 129.7041 1011425 l J51643 59.045 46.432 Mllrkct &% at 31 2.071,470 l.89).075 I JW,522 1.580.891 Fretho]d Ttts*nted Coith8U M•rk¢t y￿UC Impr0￿¢nts Addl(d¢th￿j r•Jlud> C￿1￿8 M•xka of>r4r Prolttt Rtl*ted l•vtth•t Utsli 24 Slrlveok•m H¥ndred Cost vllluc at begmDJngof ye Ilwch AddlldEthLdl DLlBZ￿￿t￿Slth Cc41 ￿l￿e at¢ndof yw 223.014 .014 223,014 ZZ3.014 ToiAI VAve•trnt•ts v￿Me) 1934.484 2.762.089 UK 66J291 1.349.134 39.043 1071.470 C￿h Iivellm￿ts ov￿ 4% 15b3tE5 C￿¥s&P 500 ucrrs ETF USD ISHARES CORf? fTsr. loo 246.085 11.$8% 5.53 4.01% Pag¢ 14 THE CORNELIUS TRUST NOTES {continlled) TO FINANCIAL STATEMENTS For the year emded 315t MARCH 2(126 DEFTORS 2020 2025 Income tsx repayable Debtors Prepayments and ac¢rt￿d income 2,855 2,078 2,855 2,078 10 FUNDS Funds Funds Balanc¢ a¢ l April 2025 2,808,023 18,( 2.826.023 Net movement in Funds 133.881 135,881 Balan¢¢ At 31 Mar¢h 2026 2.941,904 20.(1)O 2.961,904 The Restricted funds Tepresent a provision for repairn on the FT¢¢hold T¢D8nt¢d Cotts8es thatched r￿f. I I TRu￿EEs REMUNERATION No Trustee rtteived any remuneration from th¢ Tr￿*t durin8 the year. No trustees received reimbursement of necessary ¢x4w]diture durin8 the year.