F¢X THE 31 DXEMIY4 2•1J ca Llmltsd 72 Ro*1 NG18 IBN
THE BULL TEIRR (UK) I*WARE TRusr coNrENfs OF THE FINAhflAi STATE41ENrs P• 1 to 3 7 kn 10 11 to 12
THE 8ULL (UK) WRFARE TRUST Tr thdr the of the d• for the erKknI 37 Decthnir 2025. Tho lJu have the prAIV5 of ActoutTtln8 and Rqxxdn8 ty (Jwltlvs. Sknent of ReLyxnmond&l Pra(th? appllca)le to Corttle5 prerfry thelrThunts in wlth Ih FInI[al Rep• StsKlwd a&yllcJbl8 In th• UK Republic of IrelaThJ (FR5 102) loffeLth l JaThwy2019). OIJEcllvBANDAcnvm Objthu almi Th• ¢Jttt ofth• Trurt thall be to rnI1the and dtstre dBull TeffI To Il¥• care arnl trj Bull Terrfe W4 u truthd, rlw kn c(¥lnue tr Ak• Thi Trtut wlth •ll thAt hav• IW w b) thh Atthe sknrt of2025 TA• W 11 11 lerfs In ¢)w hNAvd lythm 2024. 16¢In 12 came In 18cameln 13 In 17rtout $9 In Thh Ivm• u• flth 9 D#ll oyr k•nn•h at th• 012• ourt 2025, our rnaln adfvltfts tho Mrne • hIML1. trtè Mnajn on am0mj and rthxnlrw the Bull T•rrtern that oxne Ink+ ow tram kn thv bwt pomlble W¢ vRILvmo All trj appeth1O1k ordlrailywlth Lyjrnpldl 1QOn th Is be flllul outand We thEn wiKelto thu¥ vla om rlour tr1 thkh h¥ condnuvAI ty wDrk ¥MII the yè W• atte1M The 8ull Tttrfer SIMXV ith MI1 ln lor The Bull Tenlor IUKI Wetfwe Tru We al alnd Qults In 2025 whern cltre Trtat dl th t*• & for tyjr bmrl.
THE BUiL T1{UK> IThFARE TRUST IVORT OFTHE Tri 2025 was a >wfor the trwt tho¥•l 59 du)the yw 11 to r•hm 58 and 3 to be Iwjt to I18¥ We hrn a vn al 1pS ar#1 VT¥lunt•Brs th CDnlnue kn Ablve tr• pt (kn85 In the ore ofthe trurt Into thelrfothw as wl(ty 5 l Duld r5D1llY Ilke kn thank atl thtt• ple 4rn1 thlltfinththlly. KenMlllr¥ FeES: £30,409. Vtsimry F•N WKI mdldn•L. £15.11 Prfrnl Pr• Stthrw. £243 Irthwantr. £457. In¢ome Ralwd.. £22A89 At the •nd of2025 45ur FIxfAI A¥# Irr••th PollW £l,ITI,176. (rrath at b Il U30,181 ofwthlth 5¢ottbh Wkkmy hol& Iurt¢Thw£26.}. Thh aTr (AYAII of£1,606243. Annual Incorn Th• (Jwlty #Ill f•th t1•15 lora lIlLylOr11dlry Its Incorn• li JIFII from IrnBular and canmt be Ary •we are th)ne the com1nl obvAII welfar• of rexxk Bull T•rrt•rn In the firtur& Tho Is unl0tallAK1l0n wlwx••Thrynlffd 4thmtd1, The Bull Tefflwaub lu W•lfarn Tn Conrtltudo Th•te S11 be a sw oftho olth•TnArt and TnNb]w * le¥t one oltlKxn 4411 not bè • merllb•r of The Bull Tffrkr aub Comrnw coll1dV kn¢yn 4 the TnMi••s. Thtr• arn 4pwInt the commltte• of Bull T•ther Club and one &knll be ap1n1¢ • (Jwlnrtan w¥vJally by the Trutsw In Commltt Ilwe li no Ilrnnent for i perwn apwlnt•J ¥ a TnM•Dto be • mernl ofany Bull Tonrad>. Unlt•d ofTh? Wl Tarfer be wmh th• Tnmt arnl the memb ofon• thAII IOrnIty LYAx>m• mffrkn (rfthe REFEIENCE AND ADMINISIRATTrE DETAI 1038286 Watboumo bshe Alfrthn D•byshlr• IK55 SPS
IXp18 1ON TJ P•ts.
INDrnDENT EXAMINER15 REPOIT TO THE TRusfEB OF THE 8UiL TEIRILI iUK) WELFARE TRUST I YertIO th• dwltytruste¥5 my LYamIOn ofthExcounts Bull Teffr{uK) W•fkn Tnwt the Tnrfi forthe 31 DezemLr 2025. rwulrnments ofthè CPtarlNts Acl 2011 thArt). I rwt In af my examlnallon (4 the Tnm's x(J)unts out 145 ofthe Act athl In c4ryln8 Out my &rnlnlon I fo11tr all appllcable Dlr•Lllcrn Comm155lon SeLtIM 145151(bl ofthe A¢1 Aamlnthn Ivlrw me cauye that In acroundry In ff•4xd ofthETrwt ly5x1k 130 dtheA¢ or the actnts arn1 wlth or th• act¢unts do Trjt a%mply wlth the appllcable axKmlryth• fumi ¥hY ofKLYwnts Alt In the Chwftfes (Accourth aThJ Rep)rts) Rwlallom 2(N than nXw1re[ft th•t th? sTv• a tnm and falrvleAf Mt a rn•tloraYthrvd a• part Iryl¢pwKkn evamirwllo drn¥n In thli In onlw to a &rybW dihtX4xxwts Thli rolrt li rn•J• lelY to the dwlvl Iiity ¥ • boo%, In wlth the ch•rldts ReFxYts) Rwlatlarn 2QJ8. Our &¥Inl hm that w4 mwt AtaT• to the dwtty'i trultea thoM m•tr•rn ¥ Arn rw4ulrnJ to strtrl ty them In an Indryutht exwnInl r•wrt and lor nts other pun>m To th• fvlkn ttt•nt permttb4 by Iw, wè do acw Of othBr th•n ar#& th• chvwl tnxlBu M • Ldy. forour Indepwth •wnlhth hrthkn or forbkn oplnlom wt hm form Jamu Card Hvmtt Caftl Llrn 72 Nottln*wn Ro Me[d Nottjntsmshlrn NC18 IBN
rATEIAwf OF HNANCIAL Acnvrri 31.1225 31.12.24 Unrutrktal Total 20.6TJ J77 11,361 Td 31942 EThDrfuiE ON Pafsln8 furds 27• 133 57AO 65,967 Trtal S7,TA7 Nltplni on InNMtrnw 161,a•• 59.115 NEf INCOIAI 25,957 IECONaUATION OF FUNDS Total furmk bro110¥&[d 1067 1,441,931 1.6W1 J 1h67,Jg8
31.124 45146 IMVI* JAV
THE BULL TRIROJK) WELFARE TRUST NOTr TO THE RNANaAL STATEIAENY5 ACCOUNTING iYxiaES The ilnand41 of the dwy, Is a pthllc benefit FRS 102, bmn rryal In Prxdc applkatAe ty charltla tlRlr tLrounts in 0[d¥ wlth the FInda1 Rewdn8 5tsndwd applloble In th• UK and Rewblk of Iard (FRS 102) i JaThJary 2019).. Flnardal standard 102 FIndl RerfIry strnd awll(able In UK •rd Republlc d lrnlaNI' Charfdas Ad 2011. T whlth IrdwJeJ4 at rnarketvalw x nxKllflal by the revalualrm of cerfn amets. 8ull T•Tht•r IUKI Welf4rn TnAt d•. [11j In EnThI arnl Wate& Tho All Inconx Is In the 5ktur•ff d FIndI1 AdSvltfu once the tharfty efflldwrt kn th• fvnth, It li obthlethat the Incrxne wlll be 1¥j the cats be rell•bly. Uabiittkn arn •XKNllttw• x x(#)n • leW orcominthobl1 L¥Mm1th0 <fty to It Is wobable that a of economk wlll be wulrnl In ement the arnount of the obllgtton can be mwured rnlwy. Expvttlknrn IDr on bwls bem d•ulfl•d under 411 rElatrAI to the (wry. o7sb ¢xvvJt be dlrttfy trfbuJ ty pllrtlcul•r heAdlnp they bpm allootsl to on a wlth u•• ol rnlourr Stoth •rn vil1 at tr• rndlMbl• v• maklw duE 411ryarth for obKJlth •nd il mavlng It•rrd. UnR#dLad lur& ran b• wed kn Kcudm vAth Ih dwltsble at th•dluJlM olth•lTuthq c4n ¢Mly bp wllcul¥ relLteAI puw wlthln the obj& ofth•dwlty. RialoM arf when yrlfled the dNK)ror th fvnth are lor F•rikular rEAtslcl puryrfl Inv¥Jwts whlch •M herd for th• In find m•ts held forth• purKKx• al wovloh Cath cuh Ul¥alents kn the t4knrr• c(ryts bath •KI aTrJ with orfnal MIrt d ofthrno or leo. mlnl#rntfve eXpeTh. enternl Into. An e¢wlty Instrument h ry ¥t th* eAd•nw a reshkni Inknl In the of •ndty aft•r o)Nlnued...
THE BULL Tl{vK) WELFARE TRUST Whern the contN th118ioni d fln¥knl ([ndlIn8 c1) arn •4th1•rt to i slmllar dfl Inffrunw tho flrwrKTal daMeAI x fln•TKlal IldAIItFw. Flnandal Iiablllllas are In the balaK the& FlnarKe Ca and or Mlallng to flnnI IlabllldE5 arn Incr In the profit arKI I FInual aY• eAloJlatul w(Ox• a LYXKtant ral rtim on tho Il•blllty. Whern thB rnis ol thare (xpltal any rneed definOn ofa Il&lllty then thls li da51 as an Inthumrt d1*#0 to wwlty dEbltsd d1 ulty. OTHLI IIAOING Acnviii 31.1125 31.1224 )p Inc(ffie 577 INVHTMwf INCOhlE 31.1U% 31.12.24 D1 xcourt Intyert 11W6 10,959 402 11,361 5POrt sb15•0 note 51 DlreLt Totals Ch•rliable 47m7 37049 Tolals 1091 10JTa INDEPENDENT EXA4IINElSt REMUNTION J1.IUS 31.IU4 TRu$r, REMUNERATION AND ThVITS 31 2024. rXxJtlnuI...
the yw thled 31 2025 Llstul IiIRKEf VALUE At 1 January 202S AddlIrA I119 161J At 31 2025 1,177,176 NEf IIOOK VALUE 1,177,176 1,015,819 j1.lias 31.12.24 278 1th CIEDITOR& MIOVN15 FAWNG DUE wmiThT 43Ne Y J1.11 31.12.24 955 11. MOVEMM IN FUNDS Net At1.1.25 In fundj 31,1225 c1rd fur 1JW TOTAL FUNDS 1A67W• 13V25 1W13 I)mIr4 Re8ource5 Galns and iknment In fvnds Gonwal fur g7,TJ71 161,1 TOTAL FVND5 Jyn 7,T171 161JWJ condnued..
NOT TO THI FINANfiAL STATEMEs. 11. At1.1.24 In funds 31.12.24 IA41,931 25,957 IA67.a8B TOTAL FUNDS 1h41,931 25,957 IA6T,88a Incomln8 Galns and Movement In hjnds cer*I fiwMI 942 166.1LWJ 59,115 25,957 TOTAL FUNDS 32,942 166.IiJl 59,115 25,957 11 IUATED PARTY DISCLOSUI
THE BULL WK) IVaFARE TRLsr
31.1125
31.1224
21090
20,6TJ
20.6TJ
577
DepsE Kcount Inter*t
10,959
11,361
WT
31942
EXPENDITUIE
Openlng rt
THE BULL T1 (UKJ WBFARETRusr 31.1225 31.12.24 Reall*1 on fixoda#ot Iihysbntrt Ql949 161,2•• (34AI8) 59,115 25.957 Thls page does fo 5ktuWflnanclal 5tstrments P4e 12