COMBE BANK EDUCATIONAL TRUST REGISTERED CHARITY NO: 1007871 REGISTERED COMPANY NO: 01067557 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Haysmac LLP 10 Queen Street Place London EC4R 1AG
COMBE BANK EDUCATIONAL TRUST CONTENTS Pago TfUStees' Réport Independent Examinees Rewi Statement of Flnandal Adlvltle8 Balance Sheet Nol88 to the Finandal Stalemnts 8-11
COMBE BANK EDUCATIONAL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Combe Bank Educational Trust Is a prlvate company limited by guaiantee and a registered charlly. The directors who are 8180 the charity trustees will be refeed to as "trustees" and the company as the 'chariV' Ihroughout these financial statements. The trustees present Iheir annual report and accounts the year ènded 31 March 2025. The accounts have been prepared in accordance with th8 accouniing policie8 881 out In note 110 the accounts. Accounts'ng and Reporting by Charities.. Statement of Recommended Practice applrtable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ITeland (FRS 102) and the CompanlesAct 2006. Roferenco and Admlnl•tratlvo d•tsll8 R•gl•trallon Numbor• Company reglstratlon number 01087557 Charily fegislralion number 1007871 Prfn¢ll and Rogl•t•r•d offlce 10 Queen Streel Place. London EC4R 1AG Dlr•ctorn and Thi•tM• The dlrectors of Ihe company, who are also the charity trustees and are referred to through(xA Ihese financlal statements a8"Iru8tee$" who Served dudng the perlod were.. Mr8 A Gilbert P H Dlckin80n {Ch8irfflan and Company Secretary) N Keen J D Marnham M18 P F Hllls lappolnted 1 July 2024) Admlnl•tratorn and •¢¢ount•nt• Haysmac LLP, 10 Queen Street Place, London EC4R 1AG Indopondont Examln•r Jane Askew FCA Haysmac LLP. 10 Queen Street Plac8, London EC4R 1AG 8ollclor¥ Wedlake Bell LLP, 71 Queen Victorla Streel, London EC4V 4AY Inv•8tmont mafiager4 James Harnl)ro & Partner8 LLP, 45 PAN Mall, London SW1Y SJG Bankorg Uoyds Bank Plc, 15 Blackheath Village, Blackhealh, London, SE3 9LH
COMBE BANK EDUCATIONAL TRUST TRuEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 SlfucIAirni govomanc• and Managennt Con•tltutlon Conth Bank Educatlonal Twsl 1$ a ¢omw Inco under tho Companies Act and is • registered tharity. The company Is limited by guarantee. (loes not have a shale capital and the liabtlity of its mernbers. Ihe trustees. 1$ limi18d to £1 eath. Th8 companys governing doujment is its Arlides of Assoi>ats'on which Ymre adopted by members by a Special rosolution on 22 October 2015. These Arttcles ofAs8ociallon replace the coMpanS fomier Memorandum and Artld08 oIAsso¢latlon of 24 August 1972 as amended on 23 June 1997 aTrJ 29 JaNary 2007. The trustee8, who do not receive arny femuneration. aTe ¢e$ponslble for th8 operatlon of tho charity. Recruitment of new trustees will be undertaken by Iho exlstlng trusteès as vacancles arise. Men recruiting new truste88 the trustee8 look for individuals wlth skllls and experience which are of value lo the tharlty. Any potential trustee wlll be inteThiewed by exlsting tru8tees and If appointed wlll bo provided with a pack of 1nf0mial1 indudlng a o)py ol the aCuntI and deS of Assodathjn. The Iru$lees conslder the board of tru8tee81o be the key managemani personnel of thè charlty In thaTge of direcllng and controlling. runnlng Bnd operating the Charlty on a day to day ba818. All trusteas 91ve of thelr time freely and no trustee rec86ved remuneration In th8 year. Detalls of Irusl888 expenses and related party Iran8adlon8 are dlsc)sed In note 9 to tho account$. Tho Charlty has no •rnploy80¥. Obhctlv••, actlvltlo• and achl•v•m•nts The Ch•rlt8 obJeclive8. as •81 oul In Its Artlcl88 ofA8wclgtlon, arn b promote and provlde foi the advancement of education and In PartJJ1a1 to support Ihe work of education eslabllshmenl¥ and to fund or 8s8lst In the funding of educallon children and young people In England. In addilton to dlstrlbuling the charlty's avallable Income the tw$teo8 are preparod to dl8tribute 80me of lis un$triCted funds if 8Uitable appll¢atlons are recelvad. rlfiqtho y•ar the chorlty aw8fded a donallon of £53.119 to Hover C of E Prlmary Schod io cover bulldlng costs lo Increase the sbze of som8 ofthelr exisling dassrooms and to create small le8mlng 8pacos and a donallon of £24,600 to Dllchllng St Margarnt's Prlmary & Nursery School to asslst wllh tho construdion of a new purpose-bullt year 2 provljlon and improvlng recaoion and nursery 8pa¢x8. Donatlons of £35.000 and £64.529 wwe al80 mado to Amhur8t School (Academy) Trust and St John'8 C of E Prfmary School respocllvely to Imyove Ihelr ouldoN fadlltles wllh an emphasls on creallng calm play areas and a donatlon of £20,000 to Newlck C of E Prlmary School In 8UPPOrt of Ihek Nurlwe and Fofest School programrne. In addlllon, a donatlon of £4,000 was awarded to St Lawrence C ol E Pflmary School lor e88ential Safety construclion work. The charfty 8180 ntInUed to support Ihe prO810n of the one to one therapeutlc ¢oun8elllng provkled In the Sevenoaks Partnershlp of Prlmary Schools wllh a donatlon of £85.000 to cover the 2025r26 academtc year, vthlch has bean partlally offsel by 8 £9.024 iavlng on the amount provlded for th• 2024125 gcademlc year. The tTUStee8 bolleve thoy fithy achIev I1r oblectlve8 ftir the &r. The trustees, oblectlve for Ihe comlrvj year'l3 lo support educational c8U80s al leait to the exienl of th• Charity's total net income for Iho year, and H 8ullable applications are recelved from the charlty's goneral .4SL-. The trustees confim Ihat they hav• compled wlth the duty in Secllon 4 of the Charitles Act 2011 to have duo rogard to the public guldance publlshed by the Chwlty Commission when reviewing the thariV8 alms and objeciives and In planning lubjie a¢tlvilie8. Invutffl•nt Poll¢y and Porfommn The Artlcles ofA$soriallon empowef the trustees to invest in Such stocks, Investmenls and propety as Ihey Jee fft and wtthin the law and lo appolnl an in%wlment fflanagor. The trustees engage Jam01 Hambro & Pwtner8 LLP as Investrnent manager8 wlth the Investment brlef to adopt a ffl8dium risk invesiment stralegy. The Truslees have agreed benchmarks by which to wdge inv6Stment perfornianrA and the perf0mnCe acNeved for the year exc88ded the agreed benchmarks. The trustees are pleased with the perfomHnrn ol the (und and believe that an appropriate Investment strategy has been adopted foT the long8r tOrn1.
COMBE BANK EDUCATIONAL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED31 MARCH 2025 Finan¢l•l R•vlow Total income. being Inveslment income. for the y8ar dae3$ed by £12,23510 £59,359 (2024 - £71,594). Charitable ?xpendilure ft)r Ihe year amovnted to £245.480 (2024 - £341,970) whlch when added to the Inv8Stm8nt management lee of £29,635 (2024 - £30.815) resulled In net expenditure for the year of £215,756 (2024 - £301.191) before nel gainsilosses on investments. The unrealised and reallsed galns and losses on the ffjvaluation and disposal of Inve$lmenl as8el8 for Ihe year was a net gain of £96,667 (2024 - £186.6421 resulting In overall net expenditure for Ihe year of £119.089 (2024 - £114.549 net expenditure). The net a$$ets al the balance sheet date amounted lo £2.644.731.12024 - £2.783,820) inCding investments and cash al bank of £2,900,219 {2024- £3.146.580). Fundrilslng The Artlcles of Assoclallon empower the tTUStees lo invest in such stocks. Investments and properly as Ihey see fit and wllhin the law and io appoinl an Investment manager. The charily does not fundr8i6e from any other source. R•8qrvo• r•vl•w and poll¢y The charlty has a strong balanc* stteel a131 March 2025 with unreslrlcted funds of £2,644,731 (2024.. £2.763,820)- The Iwstees, policy going forwaftl wlll be to keep suificient re80rves to be able to meet any Ilnanclal commllments arislng Irom Ihe lulfilment ol the charlty's oblectlves. Golng Concèrn All of the charlV8 dlilribulions 8re dl8Cfetlonary and rf requlred Can be made as dlstrlbutlons fiom the charity's unrgstricled fund. The market value of the ¢harltY$ Invostmgnl portfolio which underlle8 Ihe unre81ricted fund was £2,491.644 al 19 Oclober 2025. A8 8 con8equence given the 801id level of the charity's unrestricled fund, the discrellonary nature of the charity's dislribullons and In the absence 01 any materlal uncertalnllgs Ihe Ifustees consider the charlly to be a golng concern lor the lorthcomlng year and Ihe foresèéable lulure. Rl•k Manag•m•nt The Iruslees hav8 88S88sèd the major risks lo which the charily18 exposèd, in particular those relaled to the operation and finan¢e8 ol the charlty, and are 8alisfied that systems ale In place lo mlllgate exposure to the major rlsks. The Iruslees eon$lder Ihal the key rlsks relale to th& charily's banklNJ and Investment operations both ol whlch are Carried out on behall of the chaflly by independént r•gulated enllties and the trustees also perforrn Ihelr own independent checks in these areas. Plan• for th• futuro The charlty Is managed wllh a vlew lo11 belng able to conllnue Its charllabte activitles In the years to Ststwnonl ol Tru•tsM' Ro8poTr8lbllltl The Tfuslee8 are responsiblg lor preparlng Ihe Trustees. Report and the finaniial statements In aCrdanCe with applicable law and Unlled Klngdom Accountlng Slandards (Unlled Kingdom Generally Accepted Accounting Practice). The law applicable to char•li8g in England & Wale$ requlres the Iruslees to prepare financial stalem8nls fow each financial year which glve a true and falr vlew of the state ol affairs ol Ihe charfty and ol the incoming resources and applicalion of resources of the charity for Ihal period. In preparing thesè rinancial stalemenls, the truslees are required to.. select sullable accountmp polldes and apply them consistenlty; Observe the methods and principles in the Charities SORP; Make Judgements and estwnates thal are reasonablo and pTudenl: State whether appllcable accounting standards have been followed. subled to any material departures dlsclosed and explalned in the financial slatements.,
COMBE BANK EDUCATIONAL TRUST TRUSTEES, REpoRf FOR THE YEAR KNDED 31 MARCH 20Z5 8t•tWn¢ of Tru•t•M' R••pon•lblMtl•• (eon Prye Iho fin¥n¢ial 9tatemonts on the golTrJ mnc•rn ba•lJ it i• Inapproprlate to pr•wme that the chArlty VAII ntInu? In buBlneJ•. Th• tnMt¢•• ore respon•ible for k•&plTrJ PToporocountlng fecord8 that d18do80 vAth reawwbl aulacY at any tlm¢ the finan¢lal po•llJn of the th•rlty 8nd èrnabla them to en•ur• thot th¢ finan¢i81 •tal8ments comply wllh the CompanlesAd 2qM18. They Are also re$pon41ble for ialequording t a$ts oftho charfty and henc• for laklr4 fM8onabl• •t•p8 for pr&v•nIn and dotecdon oflmud and oth•r irregularili••. P H DICKINSON On b•hwWof th• IN8too1 Oat•: Sa 2025
COMBE BANK EDUCATIONAL TRUST INDEPENDENT EXAMINERS REPORT I report lo the Truslees on my examination of Ihe accounts of Combe Bank Educational Trust for the year end8d 31 March 2025 which are sat out (m pages 6 10 11. R88pectlv• rn*pon•lbllltl•• of Trustw• •nd Examin•r The Iwstees (who are also the dire¢lor8 of the company for the purposes ol company law) are responslble for the preparation of the accounts in accordance wilh the requirements of the Companies Act 2006 ( the 2006 Act"). The trustees are satisfied that an audll Is not requlred for this year under secllon 144(2) of the Charitles Act 2011 (the 2011 Act) and have chosen Instead lo have an Independent 8xamlnation. Having satlsfl8d myself Ihat the accounts of the charitable company are not required to be audited under Part 16 of 2006 Act and are ellglble for Independent examlnallon, I report In fe8pe¢t of My examination of the charitable companvs accounts as carried out under section 145 of the 2011 Act. In carrying out my exarninalion I have followed the requlremenls of the applicable Diredions glven by the Charity Commission under sectlon 145{5)Ib) of Ihe 2011 Ind•pendont Examlnerf8 Stat•mant Slnce the charliy has prepared ils accounts on an accruals basis I can confirm that l arn qualified lo undertake Ihe examination because l am a registered member of ICAEW whlch Is one ol the Ilsled bodies. I have compl&l8d my 8x8minalion. I confirm that no rnatter8 have come to my attention glvlng me cause lo belleve that in any malerlal respect,. 1) a¢untIng r•cords were not kept In respect of the Company as requwed by sectlon 388 01 the 2008 Act; or 2) the accounts do not accord with those records,. or 3) the accounts do not compty with Ihe accounltng requirements of seclion 396 of Ihe 2008 Act other than any requlfement Ihat Ihe accounts glva a "true and lalr vlew" whlch18 not a matter ¢onsldered as part of an independent exornination., or 41 Ihe accounls have not tsee prepared in accordance wilh the methods and princlples of the ststement of ReMfflended Practlce for accounllng and reporting by charllies. I have no concerns and have come across no other matter8 In connedion wtth the examlnatlon lo whlch attents'on Should be drawn in this report In order to enable a proper undernlanding oflhe accounts to be rea¢hgd. Slgnature............,....,...,..,.,..,................... 0211112025 Dale.......................................................................... Jane Askew FCA Chartered Accxjunlanl Haysmac LLP 10 Queen Street Place London EC4R 1AG
COMBE BANK EDUCATIONAL TRUST ATEMENT OF FINANCIALACTIVITIES (Includlng an Income and Expendlture St•tsmeat) FOR THE YEAR ENDED 31 MARCH 2025 Unrn•lrfctsd Fund8 31 M•Y¢h 2026 Unrn$trlct•d Funds 31 M•rGh 2024 INCOME FROM Investmentg 59,359 71.594 Totsl Incom• 59.359 71.594 EXPENDITURE ON Investment managernent lee Charltable actlvltle8 29,635 246,480 30,815 341,970 Total Expondlturo 275,115 372,785 Nel Expendllure before galns and I0e$ Investments (215,756) (301.191) Other rncognl•ed galn•l{lo••••): Net gakn• on Invellmenls 96,667 186,842 Nel Expendltwe (119,089) {114,$49) Fund balance brought foNard 2,763,820 2,878,389 Fund balance carrled loNard 2,844.731 2,783,820 Al transacilon$ are derlved from conllnulng o¢tlvltles. There are no recognliad gain8 or10$8e$ other than th• results ft>r lh• year a$ set out above. The notes on page8 8 to 11 forrn part oflhese tlnanclal statements.
COMBE BANK EDUCATIONAL TRUST BALANCE SHEET AT 31 MARCH 2025 CTrY Numb•r 010677 31 Mw¢h 2025 31 IAarch 2024 FIXED ASSET8 InveJtm)li 2.862,869 3.100.837 CURRENT ASSETS Cgsh al bank and on d•po$ 37,350 45.729 37.350 45,729 CMdkor•: Amoun1• lalllng du• wlthln on• lf Crndltor¥ 6(a) (234.488) (361.048) NeT CURRENT WIABILITIES) (197.138) 1315.317 . TOTALA88ET8 LE88 CURRENT UABLMES 2,865.731 2,785,520 Cr•dltor•: Affl0 du• aft•r morn 6 Ib) thin on• y•ir (21,0001 P1,700) TOTAL NEf A88ET8 2.844,731 2.703,820 G•n•ro1 um•lrtrt•d fund• 2.644.731 2,783.820 TOTAL CHARITY FUNDS 2,044,731 2.783,820 For th? financlal year tn questlon the Company w18 enlllled to exemptton undor sectlon 477 of the Cofflpanie• Act 2006 r•latlng Io Small ¢omp•nl••. No memb•r8 hav• r•qulr•d the company to obtsln audii of Ils acethints for tho y•ar In question In alxordance with socllon 478 of lh• CompAnieJAct 21iCil. Tho InMte•8 acknowledgo thelr Mspon8lbillty ft)r complylng wlth tho rnqulrement9 of th• Act wlth rn8p•cI to occounling f•wrd$ and for pr•pArnllon of •w)unl8, Th•80 8¢counts hav• been prnpaf•d In aGrdanc wlth th• w191onJ appllcable lo c¢xnpanla8 •ubJ•ct to the small companle•' regima. The fln8ffl¢hl •tatamenl• ¢)n pag88 6 to 11 were 8ppro¥ad and aut1••d for h$ue by th• Iru•t•e• on 2025 and slgned on Its behalf by: P H DICKINSON 3• Chalmwn of TNste Th• notss on pages 8 to 11 fomi part of Ihe80 flnanclal •latemenl8.
COMBE BANK EDUCATIONAL TRUST NOTES TO THE FINANCIAL ATEmENTs PrfTrclpal Accountlng Poll¢l The principal accounting pollcies, judgements and key sources of estIMatk ad¢)pted In the preparath?n of the financial ststefflents are as fdlows.. Ba•lg of accounllng The financial statements have been ppared In accordance wlth FRS102 "The Fmiancial Reportlng standard applicable in th8 UK and Repub&'¢ of Ireland" CFRS102'), Accountlng and Reportlng by Charilies: Statement of Recommended Practtce fof Chafities {Se¢ond Edltlon, effective l January 2019), and the Companles Act 2006. The ehariiy meets the definltion of a public ber*fit erllty under FRS 102. Asseis ond Ilabiliti8S e Inltlally recognised at h15torlcal cosl or transaction value unless otheThvlse slated in the relevant accounting pollcy notes. Golng Conc•m All of the ¢harlty'S dlstributlons ore qllscreltonary and rf iequifed will be made a8 d18tribulion8 from Ihe charl1$ unre8lrlci8d fund. The ¢harlly'8 Investment portfollo, whlch underfies the unrestrided lund, had a rna81 valu8 of £2,491,644 at 19 October 2025. The charlty has no distribution commllmenls apart from Ihose disclosed in Ihe aceomts. all of whlch can be pald from realising individual holdings In Iha vestment portlollo. As such given the 801id level of Ihe charlty's unrestrfded lund .the dlscrellonary nature ol the charity's dlstributions and in thè ab88nce of any material uncertalntles thè trusleos conslder Ihe charlty. which18 8 publlc benefit enlity. to be a going concern for the forthcoming yéar and the ft>reseeable luiur8. Inoom• Income Is accounted for on a r0¢01vable bas18. Expondlturn Expendllure Is recognl8ed on an accrual8 basls. G0veMan costs comprlse those for lh• runnlng ol the charily. (a) (b) {c) (d) (e) Oonatlonb 00ft8lton$ are tharged lo the Statement of Flnanclal Acllvilles when the charfly has communlcated Ils d•cl8k)n to award a donallon to the reclplenl before Ihe year end. 11 the fundlng eommltm8nls attached lo the donalion have not yet been met by Ihe year end the polenllal donation Is Shown as a cnnllwent 118blllty If Ihe Irustees conslder It more than Ilkely Ihat Ihe donatlon wlll eventually be pald. If the donallon Is payable In Snslalments any amounls payable aftef one year from Ihe balance 8h8et date are shown In credilor5'. amounts falling due after mom than one year (note 8(b)}. (fj Inveslments are staled at Ihe mlddle market value8 Nling at tha balance she•1 dai•. A ¢onlinuous revaluallon approach Is adopted for Investment assets. All unreallsed and realised galn8 and Ioss88 on Ihe revalualion and disposal of Investmenl as8ei8 are Included a8 8 Single row on the statement of Financial ActNitles and in the notes to the accounls. R•••rv•• Unrnstrlcted fund¥ are available a8 ggngral lunds. Cr•dltorn and provl•lon• Creditor8 and provlstons are recognlsed whore Ihe charity has a present obligation re8ulting from 8 past ovent that will probabty r08uIt In the transfer ol funds lo a Ihlrd party and the amount due to setlle Ihe obllgatlon can be measured or estimated iellably. Ca•h and cash oqulvalents Cash and cash equivalents indudes cash and bank de31 wilh malurlty of three months or18ss from thè dale of openin9 of the deposit. Forelgn Currency Transactions in foreign currency are recfjgnised at the rale of èxchang8 at the dale of the transaclion. Assets held in foreign currency are Ifanslal8d Into steTling at the exrhange rate at the balance sheet date. All exchange rate differences are recognlsed through Ihe statement of finandal actlvllles. (g) (h)
COMBE BANK EDUCATIONAL TRUST NOTES TO THE FINANCIAL ATEmENTs Invtments The charity's Inveslments are registered in the name of S G Hambros (London), the nominee company of the ¢harty'$' Investment managers. Investments are revalued by referenr* to mid market value8 a8 at 31 March 2025. Inveslmenls comprise the following.. Year •ndod 31 March 2026 Year end•d 31 htsrch 2024 UK Quoted Invostments Overseas quoted Inv8stmenl$ Allernalive quoted Investments Cash held as part of the invslmenl portfollo 845,927 1.593,434 378,801 46,907 954.464 1,698,887 441,652 5.834 2,862,889 3,100,837 Markel valu8 at 31 March 2024 Addition$ al cost Market Value of Di$po$al$ Not gain81(10s8e$l on revalu81ion and disposals 3,095,003 901.140 (1,276.848) 96.887 3.136.400 780,491 (1,008,530) 180,842 Market Value at 31 March 2025 Cash held In the Inveslmenl portlolio 2,815.962 46.907 3.095.003 5.834 2.882.869 3,11NJ,837 Incom• UK quoted investments Overseas quoted Investrnents Allernative quoted Investments Brokers Interest 27,547 26,183 3,886 1,743 27,469 30,534 11.355 2,236 59.3S9 71.594 Analy•l• of Totsi Expendiwre Y•ar •ndod 31 March 2025 Year onded 31 March 2024 t)onatlons (note 8> Govemance costs (note 5) Sundry 235,525 9.844 111 332,338 9,127 505 245,480 29.635 341,970 30.815 Invostmenl management fge 275,115 372.785
COMBE BANK EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS Govamance C1 Y•r •nd•d 31 March 2026 Y•ar endod 31 March 2024 Accountancy and Sacretarlal fee8 Indopendanl ExamlneT8' fee 8.224 7,663 9,127 Donatlon• Y•ar •ndod 31 March 2026 •nd•d 31 Mar¢h 2024 Challey St PeterB C ol E Pflmary School Flel¢hlng C ol E Primary S¢hool Lelgh Prlmary School Omisklrk West End Primary School Rlvefhead Infanls, School Chevening St Botolph'8 C of E VA Prlmary School Sevenoaks Partnershlp ol Prfmary Schools Newlck C ol E Prlmary School Amhurst School (Academy) TN$l Sl Lawrpnce C of E Primary School Hover C of E Prlmary School Dllchllng St Margarefs Prfmary & Nursery School ST. John'8 C of E Primary School 24,835 23,727 50,000 5,778 128,000 100,000 1224) (21,375) 55,976 20,000 35,000 4,0(K) 53.119 24.5CKI e4.529 235,525 332.338 6 (8) Cr•dltorn: amount• f•lllng du• wlthln on• y•ar Y•ar endod 31 March 2028 Y••r •nd•d 31 f•l4rch 2024 Other CrodiloT$ Donations 3.570 230.918 3.384 357,662 234,488 361,046 6 (b) Crndltor4: •mount• fall1 du• aft•r mor• than om y•ar Year •ndod 31 March 2026 Year •nded 31 March 2024 Donation8 21.(MXI 21.71x1 21,000 21,700 10-
COMBE BANK EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS R•¢onclllallon of mov•ment In r•8•rvo8 Unrnstrlctsd Total Yoar Fund8 onded 31 March 2026 Totsl Y•ar ended 31 March 2024 1 Aprll 2024 Net expendilure for the year 2,763,820 2.763,820 (119,089) {119.089) 2,878,389 (114,549) 31 Marth 2025 2.844,731 2,644.731 2,763,820 Shar• C•pllal The charlty 1$ Incorporoted under the Compani88 Act as a private Company Ilmfted by ouaf8nlee and does nol have any share capital. The Ilability of membeT$ is limited to a Sum nol exceeding £1.00 b8ing lh8 arnount each member undertakes lo ¢onlrlbule to the ass8ls of the charlty In the evenl of11 belng wound up. Tru•tso9 R•munèratlon and r•lat•d party tran8actlon• Nonè of the Ifuslees have been paid any rèmuner81ion or received any other benefit8 Irom an employfflenl wllh thelr chaflly or a related entity. No truslee expanses have been reimbursed. There have been no related party ITan8actions durlng Ihe year ended 31 March 2025 (2024.. Nil) 11