Company registration number.. 03039665
Charity regislrab'on number.. 1045927
Boots Charitable Trust
Annual report and financial statements
for the year ended 31 August 2025

Boots Charitable Trust
Contents
strategic report
Trustees, and Directors, report
Statement of Trustees. responslbllities
Independent auditorfs report
Statement of financial actlvlties lincorporatlng the income and expendlture account
Balance sheet
statement of cashflows
io
Notes to the flnancial statements

Boots Charitable Trust
Strategic report
for the year ended 31 August 2025
TheTrusleps, Sn prep8ring this Strategic report, hav6 comp1I8d wlih 8414c of the cOmpan￿$Act 2006.
In accord*té ￿th Secllon 60 af Ihe Companie5 Act ￿6, Boots Chadlab1e Trust I'the Tiusl'l ￿ 8xernpt from th8 regulremanls of that Acl lo indude
'Llmiled as part of118 namg.
Th8 Tmslees are also Ihe tirectors of the Trust for Ihtr purposas ol the Companles Acl 2￿& Throughouithe finandd $ialamants. Iheywml be r￿fer￿d lo
as TTuslees.
Prlnclpal actlvlt108
The prfncipal aclbAly of Ihe Trust Is that ol a charitable trust. 1115 whdly ffundf￿ by Bools UK L￿mIted. The Ttusl prOV￿eS thaiilable lund$ to reglslered
Gharilies and volulltary org8nis8b-ons working In Ihe areas of h8allh, Ilfdono learnlng, communlty development and s(Kial care. Thè Trust supports
olect5 in the Nollingham%hlre area and Ihe ￿Nder UK.
On 28 August 2025 Symre Partners completsd Its acquisillon of Walgre8ns Boolg All12n￿ Inc.. From ihis dale. The Boots Group Llmiled I'lhe
Group I became thè ullimale parent Comp3ny and conlrollitwJ patty of Ihe Twsl. The change in ownership does nol affect Ihe operalions or prIn￿paI
aclimlies of the Trust.
Oblecllves and actlvltlè8 for tho publlc benefit
In selliryj Ihe Trust's obl8cbves and plannlng ils acbv1l￿5, IheTnJsle8s have glvan dug consId2ra￿On io Iheirduty in seclM)ns 4 and 17 of the CharfllesAct
2011 to have du8 Tegard 10 publ1¢ benefit guld8nC8 published by Ihe Charfty Commls8lon. The Trusleas conslder inlotmati(xi, IÉ con181r*d In
Ihi5 report in rdalion to tho Tmsl's obi-eclive¥. a¢lpiilies Bnd achlevemenls. doBS d8monslrale the benefit lo the publiolh8t ad5es.
Busln&ss revlew, achlevemenl$ and ￿rformanCe
The Twst achieves ils objectives by providSng finandal supwrt lo regislered cliarilies and vdunlary organlsabons working in Ihe areas of heallh, Ilfelong
Ee8rning. community dev81opmtni social caro. IhroughoLrt Mottingham5hlre and wkler UK. Ap￿1¢allONS for fundlng are assessed al regular bo8rd
meetings wlh particular regard lo 6￿dence of need 8nd oulreach. By fundlng prol&cis wSlh cl&aily ijefined ben&flls. Ilie Ttusl Improve5 lh8 liveg of pwple
lknng in the UK who are sufferfng ès a result of fin8ne.ial disBdvanlage, sodal Isolalion. heallh or edue.81innal inequalilie5 Qr spedfic issuès In Ih8lr I￿al
communilles.
The crileria in or(ter lo detèrmin8 th& Success of thg Trus115 re¥￿Wed regularly al each b)ard meellw. whgreby a summary rev￿￿ of Wevious￿ furKled
proiecis k8 assessed with reoards lo feedback received from the Charbties.
During Ihe year the Trustees mad8 grants 1¢ chgrilies and voluntary Organisat￿nS in Ilne wllh Ihe Twsl's Gwing PoI￿Y focusing on fixjr kty artas of
heallh. lifelong b8mlng. communfty d8v81opmènl snd so￿￿ care.
Health
Communlty heHKkare indud8s communlly healthcare se￿￿5. knme care, C￿ntinUIng c8W. after care support for sutferers of medital condillons and
ople wllh disabilllie5. Heallh educallon arKJ prevention include5 promoting kno￿1@dge and awareness of 8pe.¢ifie,digeases or medlcal condllbn5.
Llfelong l¢drnlng
Helplng people of any age lo achl6v6 IhaSr edu￿110￿31 poleTrli81 through sutwK8mentsry schts)1Sng, Ilieraoy and numer8CV Projects, communilyeducaiion,
vac8ll¢nalfresLgrl education for the unemploW or allprnalive education for éxtludad schod pupils.
Communlty Developmont
Hel￿r￿j groups to organise and r&swnd lo prL4)kms and needs in Iheir communsbes ￿ r￿twOrks. Th￿ includes orgaDi5abon5 such as counGlls for
voluniary seNces ond Self4￿1p groups.
So¢l¥l care
Personal s(￿al S8￿C0S. Includlng providlng a5s1stan￿ lo i￿1¥Idua￿ or famlllo¥ to overcome socigl deprivation, lincludlng th0￿ who are
ho￿￿55. disabled pÈrsons 8nd 111oir Carers. lone p3renls, childcare groups and other l¥mlly SUPPDrt groups).,
Socral prevenllve sthemtrs, Induding actiMtie9 to help prevent C￿￿￿, droprdNJ uul of educat￿ 8nd general delinquenGy',
The provision of SOGial care oulre*ch work and social health and sa16ty awar8n&ss schemes. and
Community social aclithli8s. Including 8ctivit￿S lo promole social 8ngaw.menl for vulner8b1e ppaple. miligaling agalnst Isolauon and
In th8 y88r to J1 August 202S. the Trust recelved 86 app1￿￿￿0nS trom charitias Ènd voluniary argan1salions12024.. 5191. Granis lo the value of £483,387
were 8ulhorfsed during Ihe year12024'. £397.6371 and were gwarded lo 5212024". 481 benefi￿ar￿$S.
Major 9ianls ol t10,0(M) during the ye8rwere made io 25 orggrvsalion512024.. 20 org8nls8llonsl.
The numberol ewsrds mado arKI ihe i0181 ex￿nditUre during th8 year ended 31 Augusl 2025 is surT¥naiised by ￿legOry as f(Alows.'
Caiegory
No of awards Expendllufè
Health
18
Social ¢8Fe
23
211,6
Llfelong le2rnlng
Communlty devélopment
Total
19,174
85,026
52
483.387

Boots Charitable Trust
strategic report {continued)
lor the yaar ended 31 August 2025
Buslne$8 rèvl•w. achlevements and performante Imntlnued)
The year lo 31 August 202415 summarIs￿ by".
Category
No.of awards Exp8ndlturo
18
144.872
So￿al care
15
132.827
felow learning
Communllydevelopm8llt
48,249
71,689
Total
4B
397.637
Prlncipal rlsks and un¢•rtalntlés
The Trustees havé reviewed Ihe 81rategic. oter81ioTbal and buslness rls%s whith the Ttusl latés arKJ have conflrmed Ihal Ihere are Suffic￿nI centr￿S to
mi119ale the synifiGanl rSsks.
Thg Twgtees conskderihal the prln¢lpal rlsks and Un￿rtaIn￿￿$ that face IheTru5tduring the yearare as foKows'.
M4¢roe¢onomiL wndpolltlcalenvlronment. in¢14Kling GO$t of Ilvln£t ¢rlsls
Risk
Th8 Impact of ihe current 9lobal usl pressures has resulied in high inflallon iales in the United Kingdom and olob811y. This has been exgcetbaied by the
ongolng gbbd conllicis. These faclors have conlribuied lo a cosi of IIMrwJ ¢risis vxlhin Ihe United Kingdom which could see an increase in applicat￿n$ lo
Ihe TrLJsI for donalbrts. Furth8nnore, any slgnifi¢anl Impact on ihe cc¢porate sponsor, B￿lS UK Llmlied, u)uld impa¢1 Ihe Trust'5 abilily lo se(xJre further
funding frem Boots UK Llmil6d.
Mlllgalbn
The cosi ol Ilvlng crlsls has not caused a signlficanl Impacl on Iht OP8raUons ofihe Trust lo dale. nor that of its corporale sponsor. B(M)ts UK Limited has
nlimicd lundlng for the year ending 31 Augusl 2026. The Tmsle88 have wpported those impacled by Iht current cosl of Inring crisis. and have
provlded &ddilional grants in thks area there needs have bèen id8nlified.
InsLtfflcl8nl funds
sk
Insuffidenl funds arè r8c8lved to tnable the Tru51 to acNeve Ils slaiad obi8cIIv8$.
I￿${g￿lIon
Tha Tru$1 Is wholly funded by Bools UK Limiled, a reLgled partY￿thIn The Bools Gr(wp Limited. The awardls 8gr6ed PriLWto the cornmen￿￿nt of Iha
finantial ye8r. Fund5 are divided equally for allc¢8tion lo each rneellng held in the ye8rand expenditure againsl a11rtalion is monilored cbsely during and
al th8 condusioTr of each mÈèiing.
Incorrtcl books andrecards
Risk
The books aryl records of Ihe Trust are not properfy mainla￿ed.
itw8llon
The bouks and ￿C(￿dS are malntalned bya fully qu91ffied fftembèrol a profe8sbn81 body and revSawed annually.
Outofpolleycomrniimènts
Ri&k
CommNmentS are madè which do nol fall ￿thIn the stsbd Èlms offfte Twsl.
Aliligaiion
The Trusl oper8le5 a rigorous pro¢8ss of shori-listing quarify￿9 applicallons against the Twsl's Giving criter￿ prior io rx)nsvJer81ion by Ihe Tnjstees 8rKJ
Iht Issuance of B grani.
Tha Slraiegi¢ report was approved by the 808rd anij slgn8d en Its behalf by..
J Mtsffat
Truslee and Director
29 May 2026

Boots Charitable Trust
Trustees. and Directors. report
for the year ended 31 August 2025
Th8 Trustees presenl their 8nnual Truslè8S' 8nd Dlractors, rewrt on the affalrs of Boots ChgrllÈble Trusi C￿¢ Trusl'l, whl¢h Inc(Kporales Ihe s1r81￿
Retyjrt on pages 1-2. iogethervAlh the financial 518lements andAudlto¢s r8port for th& y88f tnd8d 31 Augusl 2025.
The finandal $18lemenls liave been prepared in accordance ￿1￿7 Ihe accouniin9 wlSi#eg sel DUI In Note I lo tho fin8n¢ial 9181emenls and coniply wilh
lh• Charllies Act 20113nd Accounllng and Reporting by Chariliés.. si21&￿￿nI of Recommendtsd Praciice ISORP- second edlllon 20191 ap￿Icalle lo
ch8rfties preparing their fin9wal stslemenlg in 8ccordanc8 wlh IhÉ F5n8nckql Reportlng siandard appllcabl& In the UK and Republlc of I￿19￿d IFRS
1021.
Prof¢s8lonal advl$8rs
Auditor
Del￿tle LLP, SlaluloryAudilor, The EwBrt, 3 Bedford Squ9rg. Belfast. BT2 7EP, UrMted Kin￿(
Bankers
Nat￿nal Weglmlnsier Bank. 3 Thurfand Slreel. Nolllngham. NG13DT
R8glstered oifKe & prln¢sp31 otfi
1 Thane Road W•si, Noiuwham, NG2 3AA
Company r6olstrallon number
03039665
Ch8ri1y registra￿Oll numb8r
1045927
stYu¢tur6t governance and mah&gernent
Th8 Trusl Is a limited Company wilhoul share egpital, linuled by guaraniea and reglsiered In England and Wale8. The liabilily of 8 Member in the event
of th8 Trust wound up whilsl 8 member. or wilhin one year ol ceaslng to be a tnember, 13 not lo ftxceed £1. The Trust is regi81ered ￿ryth the
CharSly Commlssion and musl complyTrMlh Ihe Companies Acl 20(K and Chariii&s Acl 2011.
Th6 Trust Is governed byils Memorandum andArb¢￿$ ofAssouatlon whlch provkJ& for a mlnlmum of3 Trust888 lo a maxlmum of20 Tw518es.
Thé Chalr of Tru$lees logelher willi the Company Secretary ar8 respon$it)18 lor the induGlion of 8ny new Truslees. Truslee indLKtion involves r8ISITrJ
awarène$8 ol Trusleeg 10 dulles and responsibllilie5 und¥ both the Ch8rf1I&s Act 2011 and th8 Comp8nie$ Act 2006. to emerging reg￿latOry
isÈués 8$ well as an introduction to the governing documents of the Trusl 2nd the Snlérnal policles adopl$d. NewTrusiees rece1ve 8n Inducllon P8¢k In
which CO￿8$ of lh¢ lollow￿g are Includgd..
the Tiusl's lalesl Annual report and acc(xinl5',
tha Tiusl's Inlemal governing documents..
tha Trust's Momorandum and Artlcles ofAssodabon." and
the Charity Cornmission pUblI￿tI￿s,The Esgenlial Trustt6.' What You Need to arKJ Charfly Goveman¢e Code.
When approprlaie, Truslees receive regular Charily C(¥￿￿1S510￿ updates and Infortnallth about ￿Su88 ladng the voluntaryseclorlocg11y.
Tntsiees are apP￿nted In aC￿0[danCe the TtU51's Arflcles and vlll h(Ad offlcè reran Snlllal Pe￿0d of 3 years from Ihfy dale of IheAGM al whlch they
W8r& appoln18d.
The TruElet8 recognlse 11181 in recent reviewg of Charity law, th8 CharTrty comm￿$$10n has stopptrd Èhort of specSfylng a maxlmum ￿nQ1h of Truslee
18nuré on Ib• basb Ihal stl ch3riiies are different. However. in tnor8 general itrrms. 11 suggésts Ihal Trusl¢es $houliJ not exceed Ihree. Ihree year
Bpwinlmenls In post. One Trustse. Ms L Moxley was appoinled as a Trusit& on 29 January 2015. In Ilie prior y$8r, 11 was re¢ognised Ih£l Ms Moxley
had sorved for nin¢ years, and in accordance the Charily Govèmancè Code for Smaller CharSllos, th& Board ofTruslees tKoposed Ms L Moxley lor
re*lecl￿fi and Ihe tr)nlinualioD in offir£ lor a lurther year. Mox16y was 8xlend6d for a furthÉr y8ardu& lo her exl8nsive knowkdge and experience
ol the Trusl for the purpose of conlinuity as there had been a number of Tru8lee ch8wtrs In 2022. 2023, 2024 8rK5 2025 which had resulted ID a n81ur81
reinvigoraiion of thè Board's compt>silioD and skill sel. M5 L Moxley resigned in SBplemb8r 2025.
The TtU8lets mel six times In the yesr lo rewew ap￿Ica￿On6 and award granis and lo Ihe slraleglc dlr8c1l(￿ of the Trust. Th8 Charbtles Ald
Foundatlon I"CAF"l acsminislers Ihe granl applicalion pro￿55 Ènd shoruists Ihost forTrusi&8 r6vi8w. Grants are awarded In Ilne wlth the Tw51's Givlng
PoliGy. Whllsl Ihowe is no mawmum award, gran19 are generally awardod for £10,000 or less.
Th8 Twst doos not hava any direcl employees. On a day to day basis, th8 Trusi Rs admSnlsl8red by meTrY)8rs wlthln the En￿ronmental, s￿31 and
Govern8n¢8 18am ofBools UK Llmliad. and asso¢xaled c0515 ￿rn& by Boois UK LlmS1•d.
Going Goncérn
The financial stalemenls have been prepared on a going concern batsis. In adopllng IVE golng c￿CeM basis. Ihe Tw5tees have conS￿ered Ihe
Charitable aclh4lies snd p￿ll￿PaI ftsks and urbcertainlies 8$ sel out ￿1h1n Ihe SlralegK repori.
Th8 Trust had nel incom8 01 £16,61312024". £39,863) in the currenl year. 11 h8s nel currgnl assels of £56,476 12024.. £39.8631 which is expected lo
relum lo £nil in the year ending 31 Augusl 2026 ès11 Is the TNslees' ￿lent￿Jn lo donate this post ye8r end. Tha tharltys acbvrties are 8xpa&éd 10
Inio Ihe foreseeable fulure and lor al ￿ast 12 monlhs Irorn approvd of Ihese financial slalemenls.
The Trust Is whollyfuDded by BoDls UK Llmlled. All finan¢481 cornn￿lM￿nIS of the Ttusl are agreed subsequenlty onGe the inGornp Is known and VAII nol
exceed the income recéived. Funds are dfvld8d for all￿?110n lo each meeting held in the y8ar and expendllure agalnGI allocation15 moniiored cknsbly
urfnll eii¢l al Ihe conGlusion ol oach meeiina. Boots UK LIMiled has commilled la conllnue lo proiryde finEncLal support lo the Trusi to m6611ts IlsbllS1188
as Ih&y become due for al18asl 12 months Irom the dale ol signing Ihe linancial SIBleTr￿nIs.
Based on these facis, th• Tiusltes havg ¥sse$sed Ihal there 15 no rnalerial uncertalnly surroundlng the going ¢en¢ern of ihe Ttusl and Ihay Ih6r8f¢re
consider that il wlll b8 a golng coKem for 811gasl 12 months from the dale of approval ol Ihasé financlal siaiemenls.

Boots Charitable Trust
Trustees, and Directors, report Icontinuedl
for the year ended 31 August 2025
Future developments
In the fomhcoming year il 15 eyppcled Ihal the Trust wll wnlinue lo C(￿￿ntrate on th8 fvndlng pr￿￿118$ In the four cHlegorioy of hegllh, lifelL￿g
learning, communily developmenl and s(Kial Gare. TheTrusl's geographical reath will continu8 to Nollinghamshire and the thfjder UK.
Po81 b818nce sheet events
The.re h8ve been no signiflcanl events slni* the balance gheat date lo the dale of this report Ihai should thange Ihe financbl perfoimanca, posllk)n and
9(Yw con￿￿ conclusi(￿S reported vAlhin Ilhyse financial slaleinents.
Trustoes
The followng s8tv8d as Ttusle25 durtng the yéar8nd lo IhB dale of Ihls report..
B Shah
J Moffal
M Benford
R HilGhlngs
J Rose
PThakrar
S Buchanan
L Moxl8y
KROV
A Wik5
lappdnlwj.. 27 Jun8 20251
lappdnleij.. 27 Jung 20251
lappdn18d'. 10 O¢lobar 2024. resign8d.' 5 Sepiembar 20251
Ire5igned'. 10 Ocl¢ber 20241
Ireglgned.. 24 Sopiember20251
lappolnlÈd'. 3 Noveml)8r 20251
lappolnled.. 3 Novomb&r 20251
RÈmuneratlon of Trustees
The Trustees recelved no r&rnuneralion for th8lr $8Nkes (luring Ihe year12024.. £nil1
Trans8clions with Yelated partles
Details of IransaGlion5Wlth relaled part4oB are sel oul in N)te 910 the f￿an(￿al 8talemenls.
Flnanclal revlew
The Tiusl Is wholly r8llanl on funding from Boots UK Llmlled, whkh was £5(K),000 In the ￿ar<2024.. £437,500). gools UK have confirmed Ihey will
¢ty)linue lo support foT Ihe Trust th6 yÈarondlng 31 August 2026.
RèsèNes pollcy
11 is the policy of the TtU5t not to hold surplus re%erv8s. The Trustees review the level of resetves annualy lo ensure the future 8xpeDdilure will not
exceed funds Ihal are avallaNe. Al Iha year end, Iho level of 5uiplus was £56,47612024". £39.8631 however ￿ expected lo return lo £nil for Ihe year
8nded 31 Awusl 2026.
RqforoDce5 to slTategie report
Delalls ol the follo￿ryn9 areas can be found in ihe Slraleglc report and form parf of Ihi5 reporf bycross-r6feren¢e.'
Qbleclives Bnd activities for th8 publlc be￿111 Ilncludlng public benefit slalemenll., and
Ach￿vementS and perforrnance.
Audltor
Pursuanl lo 9487 of the Compan￿5 Acl 2006, Dèbllte LLP were deemed lo be reappointed and Ih6refore continue in offi￿.
Dl8¢losure of InFormatlon to audltor
The TIu8lees who held offtce al the dale of approv81 of this Ttu$lee5' and Dlr9clots' roport confirm Ihal. so tsr as Ih9y are each aware, Ih8re is
rel8w8nl audil informat￿￿ of which the auditor Is unaware. 8nd each Trustee has laken all 1118 sl8ps th81 they wght lo have laken as 8 Ttuslee lo make
Ih6msalvgS 8waB of any relev3nl auisil inlormalifft and lo eslablish Ihal the auditor is aware of ihal lTrfomi8iion.
Thls confirMalEon i& glven and should b8 Inlewroled In accordan￿ wlh the provisions of A18 of CompanSesAel 20Q6.
TheTrusiees' 8nd Direclors. report which incorporates Ihe Slraleyc rewrt on pages 1-2 was apyoved by the Board and signed on ils behalf by..
J Morfat
Truslee and DireGI(
29 May 2026
Reglslerp.d office..
l Th¥ne Road Wesl
Nolllngham
NG2 3AA
Registered in England and Wal8s No. 0308￿65
Charity Registml￿n No. 1045927

Boots Charitable Trust
Statement of Trustees, responsibilities
for the year ended 31 August 2025
Th8 Trusie8s, who are a￿0 Direciors of Boots Chari18bl8 Trust for Ihe purposes ol Compony L￿, are rasponslblè lor preparfn9 lh8 annual Trustees,
and Dlreclors, report &nd the liiiaw31 stalemenls in accordance wilh aA)IicBble law and UK Accounling Standards IUK G&ner8tty Ac¢Èpled Accounliw
Pr8dic•l, ifLludlng FRS 102"The Financial Reporiing Sland8rd Applicable in Ihe UK and Republic of Iieland
Company law rtqulr8s the Trustees lo prepare flnandal slalomenis lor each financial year whlch gDie a lrnt and fair of the slate d aifaSrs of Ihe
chariiable D)mpally and ol Ihp inc(xrlng resources 8ppllcalion ol resources. 5ncluding Income and exptndiiurè of Ihs charfiable company for Ihal
peri￿￿. In preparing these flnanu81 glaternenls. the Truslees are requlied lo..
Éè18CI sull8bl& acwunling poI￿leS and I￿n apply Iliem ¢￿￿$18n11y',
obsorv@ the m8ihods and pnnciples of the Charli1& SORP.,
make judgements and eslimales Ihal aT8 fr*asonablt and pr￿en1',
slate wh8lhtr appli¢able UK AcrA)unling Standards have tr￿efi followed. subject to 8ny malerial d8parWres d￿￿0$&￿ and explalned In t￿3
financial slalÉm8nls', and
prepara the flnaKlg1 sl8t8ments on the golng cortem basss UTh1￿11 Is In8pprapdale la presume that ihe charilable company VAII c¢nllnue in
siness.
The T￿sle@S are responsibl￿ f¢x keethng adequate accounting records Ihal dL%close wilh rea80nable accurgcy 81 gny lime the financlal of the
charitable company and •natrA8 Iham lo ensure Ihal the finandal slalemenls comply wilh Ihe Cornpani￿ Acl 2(M)6. They are also re$ponsSNe for
5af6guatding the assets ul tho charilable company and hencè lor iaklng ￿asOn*￿1￿ steps for the prevpntion and detec11￿ of fraud and othtrr
IrregularillgB.

Independent audilorfs report
lo the members of Boots Charitable Trusl
Report on the audltof fhe Ilnan¢lèl stat8m8nis
Oplnloii
In ouroplnion the financlal slalemenls of6￿1$ Ch8rita￿èTrUsl <￿e'ch8r1lob1e Companll."
give a Iwe ond falr vl8w ol Iha slate ol (*arilalAa Company's affalis as at 31 Augusl 2025 ar￿ of lis Inc¢mlng resources and appllcalion
of re8ources. indudlng its Incom6 arKJ expendilure. for th9 year then ended.,
have been properly prepai8d in accordance with Uniled Kingdom Gen8rallyActr&piÈd Acc(MJnlln9 Pr8cllce. Inc¥Jding Financial Reporllng
$18nd8rd 102"The Financial Reportlny Slandard appli¢able in Ihe UK and Republ￿ of Ireland,; and
hav$ been prepared in accordance with Ilie r8oulr$menls ol Ilie Companies Act 2(M)6.
We have audlled the financial statement6 whth comwls8'.
the Slalemenl of finanGial ac1m1￿$ (Kitorpor8llng Ihe inc4)me 8Dd expe￿Ilure 3ccounii,'
th8 B8lance sheel..
Iho Slal@m&nl ofcashflows.,
lh8 relaled notes 1 10 12.
Th8 fin4nL¥al rtrpor11rvJ frAmewoFk that has been 8ppliod in Ihelr preparation is applicaNe law and United Kiry)dom Acctsjnllng Sland8rds. InG1uding
Flnancial Rfrporflng Slandard 102 'Thp F￿anCIal Repodlng Sl8ndard arvli¢8ble in Ihe UK and Repuilic of litslarKJ' lun11￿j Kingdom Gen￿allY
Accvpiad Aceounling Practice).
Basls foyoplnlo
W8 C￿duCted our audll in 8c¢ordance with Inlemational siandaids on A￿￿lling IUKI IISAS IUKII and applicatAè law. Our r8spmslbSllUes under thosa
standards are ILJrtherdesL'iibed in Ihe audiloT'S reswnslbilllles for ihe audR of Ihe financial slalemenls section of (￿[ report.
Wo are IndÈp&nd8nl of Ihe th8ri18tle Company In accordance w￿h th8 ethical roqulremenls that are relevant lo our audit of the financl81 Siale￿nts in
Ihe UK, indudlng Ihe Financial Reporiing Coundl's Ilhe'FRC'$'l Elhltsl siandar(S. and we have fulfilled our other elhiG31 r£swnslbilillas h ac¢ordan¢e
wlh thes8 requlr+menls. We belie.ve Ihal the audil ev￿ent0 we hsve obl8lned is sufficient and appropriat8 la provlde 3 bèsls lor our oplnlon,
Cohcluslons rèlatlng to golng conco1
In audlting thÈ financSal slalewDls, we have concluded that the Trusle8s' use of ihg going con￿￿ b9515 of accouriling h lh8 pr¥paraUon of the
financial slaltrnenls is approprigte,
Based on Iha woik w6 have performed. we have not Idenb'fied any materfal uncerfainlks rel81ing lo events or cA)ndllions that, INji￿dU8WY or colleclivesy.
may cast slgnifKani doubt on th& charllabl8 Comp3nl5 abilily 10 conllnijo *s 8 9[￿r￿ con￿r￿ for a period of al leasl twelve monlhs from when Ihp
s￿laM￿nIS are authorised lor Issue.
lThJr reswnslbilitio8 8Thd Ihe re5ponsibililie5 of Ihe TtUEtees v￿th r•sp8cI ￿ golng concern are In the relevani S8Cllons ol Ihls r¢pcrt.
Olherlnformaiion
The other Inlorfflallon ¢omrxises the Informat￿￿ includpd in the Tru$18&s' and Direclorg. repori, other Ihan the finanrAal sial8menis and our eudilo¢s
r8POrt Ihereon. The Truslees 8re respoD4ble for the other Informalk)n conialned ￿thIn Ihg 8nDual reporL Our oplnlon on ihè fin8ndal slalemenls does
not eover the other Inf(*m81ion 8nd. exc4)I to Ihe extent othotvAs8 8xplicilly $181ed In report, we do not exprèÈs any form ol assurance conduslon
Ihereon.
Our responÈibillty Is lo read Ibe other inlotrn8bon and, in dolng so, COn￿der whether Ihe ofvr information is rnalerially inttonslstenl thllh Ihe finar￿181
slalements or our kno￿edge obl8ine¢J in the coum of the au¢511, or olherwlso 8ppears lo be malertaly tnlsslaled. If we Id8nllly such mBlerlal
inconsislencies ￿ apparent material migsialemenls, w8 8r8 reoulred lo determine vthelher Ihis giveg rise lo a mal8rkal MIss￿l￿MeThI in Ihe financial
slalemenls themselves. 11. based on the work we have performed, we con¢lL4de that th￿e ￿ a malerLal t¥HS5talement of Ihls other Inlormalion, we aro
requlred lo report Ihal fa¢1.
We have nolhlng to ￿port in thig regard.
R•sponslbillties of fru$t*e$
As explaln8d fully In IVE slaleinenl ol Trustees, respOnsi￿lI1￿s. the Trustee5 Iwho are also the DireGtoTs of the chaiilable Company for Ihe
purpose ol Company lawl are responslble for Ihe pr8paraiion of th8 llnancial slalemenls snd for being sa115fied Ihal Ihgy gfve a true ¥nd falr wew, and
for such inlemÈl conird es the Trustees determin8 Is nÉcessary lo enalAa Ihe preparallon ol financlal stalements Ihai are Ir88 ficm rnaierl81
misst31emenl, whether due lo fraud oi error.
In preparing iha financlal slalemenls, the TnJ6t8es are r85pOn￿ble fLY assessing the ¢harilab18 Companvs ability 10 conllnue as a golng Lx)ncem,
di%losing, as aprAlcaila, rn8lters related lo going ¢oncém and uslng the going Con￿rn basi% of accounling unless Ihe Trusiees eilher inlend lo
I￿uld31e lh8 thanlabk Cornpany or lo cease Opera￿¢￿$, or h8ve no regllslic allernalive bul lo do so.
Audifors rtrsponslbllllles for the audNI of the flnan¢lal stglemenls
Ourobjecllvts art lo obtain reasonable assurance aboui whether Ihe financial stalemenls as a wh(Ae 8re free from m81erial mk4slalemenl, wh81her du8
lo fraud or érrer. and lo Is5u8 an auditor's r8POrt th81 ]r￿udeS our opiruon. Reasonable assurancels 8 hl9h level of assurance. bul is nol a guarante8
that an aud51 ￿dUCted ID accordance wllh ISAS IUKI w411 always delecl a matetial misstalemeni wh8n11 &xisis. Mls$l8lemenls can arise from fraud or
error and ara considered Material If. indwldually or In the aggregate. Ui8y could r8asonatAy be éxpected lo Innu6nce Iha economlc declsions of itsers
taken on the basls of these finanuBI slalemenls.
A furth$r (Igscrlpllon of our rasponsI￿lItieS for the audil of the financial slalemÈnis Is locaied on the FRC'S websit8 81.. wwM.frG.org.ukl
audiiorsresponslbi1il￿$. Th15 descrfpiion loims part of our audiloT'S report.

Independent auditor's report (continued)
lo the membors of Boots Charitable Trust
Exfent to whl¢h Ihe audit was coftsldered ca￿￿lè of detecelnp Irreyul4rllies. Includlng fraud
Itreoularilios, Including fraud, are inslan￿S of non-compliance with laws and regulations. We design proc@dur8s in lin8 wilh wr re8pon9ibililiey,
OOllined above, la delecl material mi5slalerrbenls in respe¢l ol irregu18rilies. including fraud. The exlenl lo whlch wr procedures 8re capatde of
dèiadw IrregularillBs. includiTVJ fraud is detailed bduw.
We consldered the nature of th8 charilablo Compan￿5 Indu81ry 8nd ils control environment, and Te%rfewed the CharItab￿ C￿panY$ documentsuon of
Iheir w11￿6$ and proce(lures relating lo fraud and compliance with laws and regulalionB, Wa also enquired of manag8menl and the Truslees 8bout
Ihelr own Ideniificalkin and assessFnenl of the risks of itre9ularllles Induding Ihoge that are spec.rficlo Ihe charitaN8 Cotnpan*8 bu8ines8 seclor.
We obtained 8n understanding ol the bgal and fr8mewrNk Ihal the (thrlt2bl2 Company (perales In, and kJ&niified Ihe key laws and
regulations that-.
had ¥ diiecl effect on the delwninalion of material amounts and disdosures In the li18nri81 stglgments. Th￿0 Included UK Comp8nies Acl
and UK Charilles Acl., and
do not have a dlrecl erfecl on Ihe financial S￿lemen1$ ￿11 Corrwli8n￿ wllh whlch may be fundamental lo Ihe charilaNtr Company's abillly io
opÉr818 or lo avoid a m8lerial penalty. These includad the Charlty Conwnisslon for England and Wales ICharilyC(mmissbnl r89u18￿0n8.
We disuJ5sed among the audil ervJAgpmenl leBm regarding th8 OPPOrtun11ies and incenlives that may e%isl wlhin the ￿￿nISation for fraud and how
and where fraud mlghl occur In the finan￿21 slalemenis.
As a result ofpérfomiSng Iho ¥bove. we iden￿ried Ihe greatest polènual for fraud or ￿0￿CoMplI￿nc8 vAlh laws 2nd regulabons In th8 followlng araa, and
r prO￿d￿reS perfomied to address il aTr de9cribed below..
W8 presuire a r4sk ol m81eiial missialemenl due to fra￿ In revenue recoynllion which is rel8lad lo Ihg comp1elenÉss of donalits) Inc¢me. To
address Ihls rf$k. we reviewed Ihe Truslees, mp.eling tnlnuies and bank slalemenls in Ihe pericAI. and post year end reGord$,' end lesled
whelhÉr Income haLI been appro￿al&lY Induded In the financL41 $lalem8nts.
In comrnon wlh ell audits under ISAS IUKI. we are 8lso requiréd 10 pérfem specific pro¢edure$ lo raspond lo the risk ol tnanagamtsni overrldè. In
£ddressing the risk of fraud through m￿8gement override of tonirols, we lesled Ihe 8wropriet￿eSS of Ioumgl È￿tr￿S and Othèr adluslmÈnls,'
8ssessed whether Iht judg8menls made in maklng accounling e51imales are indl¢alive of e polenllal blas.. and evBlualed Ihe t￿l￿neSS ralionale of 8ny
slgnificant transactions Ihai affj unusual or ovlslde the normal course ol buslness.
In addilton lo the abo￿, (Ajr procedures lo respond to Ihe risks Id8ntlfl8d Snclud&d th6 folbwlng..
fin3nck41 slalemenl disclosures by le51ino lo supporfing do¢umenlabon lo assess Complian￿ with tKovislons of r8t8vanl laws arns
regUlat￿nS describ￿ as h8lrin9 ¥ dlrecl effeol on the finan(xal slai&mtsnts',
rforTning analybcal procedur$s lo Idonlify any unusual or unéxpected rel8llon$hts)$ that may indicaie risks of material mlsstat8m8nt due io
fraud-,
enquirtng of m8naoerthnl con¢emSno actual 8nd poleDUal Illlgatlon and clalms. aryj Inslawes of n￿-caMplIan￿ vAlh laws and regulallons,.
and
reading [ninUi￿ 01r￿et￿ng$ aflho8e tharged wilh wvemanc&
Report on ot￿rIa￿al￿nd rogulatory r¢ryulr8m8nts
Opljjlons on olher matters pie$¢ill)8d by the Companles Act 2006
In our oplnlan, b35ed the wtrrk undertaken Sn ihe course of Ihe audit".
the inlorm8llon glven In Trusl8es' report, whlth includes the Slral695¢ report aThJ Ihe Dire¢lors' report prepared for Ihtr purposes ol
Cornpany law for th¢ financial year for which Iha financial slaiemanis are prepared is ¢onslsl8nl w41h Ihe financ4al sialemenls,- and
The Strategic r8port and Ihe DiredLYS' rep(rt Ind￿d￿ wllhln thé Trusle8s' raport have been prep8Trd In accor(SancÈ vlih 8pplIcab￿ legal
requirem8nls.
In the IFghl of Ihe knowledge and underslandlng al the charilatAe Cotnpany an(5 118 en￿rOnment obtained in Ihe course of tha audll, we have not
denisfied any Tllaledal mlsslatemants In the slrateglc r¢p(wi or IhÈ ￿lé￿OIs, reporf Indud80 vilhin Ihe fruslees, rewt.
Matters on which we are rèqulrodlo report by ex¢eplion
Ltnder Ihe CotnpaniesAcl 2006 we are required lo report in respect of Ihe follovAno m8liers11, In our opinion..
8daquale ac¢ounlino rectrds have n¢1 been kepl, or relutns adequatè for our8udll h8ve nol been re￿Ne￿ fr(xn bratKh88 noi ￿$11&d by us,.
or
lh8 financial staiÉm8nls are nol In agrefjmenl with the BCCI)unihg records and ielurns,. or
certain disdosures of Trustees. remuner81ion spedfied by Law ar& noi made., or
we have not receI￿d all the informatson and explBn81ions w8 require lor ouraudil.
We have nolhinp 10 réport In r8spe¢l of Ihese mallers.
Use ofourreport
This rp.port is mad8 solely lo Ihe charitoble Company¥ members, 88 8 body. in ac¢ordance willi Chgpler 3 of Part 16 of the C(mpanles Acl 2(M)6. Our
8udll wotk has been undertaken so Ihal we might slal8 lo tha d)arilabk Companyg members those rnaiiafs wtr requSred lo slate lo them In an
audllor's report and for no ulher purpose. To the ful￿￿1 8xlenl pertDilled by l£w. we do nol accepl or assurrte respOns￿billiY lo anyone olher Ihan the
charilable Company and Ilie ¢hari13ble Companvs mÈTnb&rs as a body, lor our audl woik. for this report. or for O￿nIonS we have formed.
Emma Kernohan ACA Isanlor slatulory auditorl
For and on behalf of Deldlle LLP
SlaluloryAudiior
54fasl, United Kinosom
29 May 2026

Boots Charitable Trust
statement of financial activities (incorporating the income and expenditure account)
for the year ended 31 August 2025
2025
2024
Nol85
Incomo from..
onall0￿S
Total Income
553,029
553,029
491.023
491.023
Expendlture on..
Chaiilab1e 8¢trrfilies
Total expendllur8
1536,4161
1536.4161
1451.1801
1451,fj601
N•t movemgnt In funds
16,613
39.883
I funds are Un￿StrIcted in Ihe current and weceding years.
The Income and expendilure 8nd res￿ling net rxov8ment In funds arfses from (t)nllnulng Operat￿n5 and Includes 811 gdn5 and lossès rè¢x)ynlsèd In the
year.
Reconciliation of funds
as at 31 Augusl 2025
2(J25
2024
Tol81 funds browhl IopM8rd
Nel movement In funds lorlhe year
Yotal funds carrled forward
39,863
16,613
56,476
39,863
39.863

Boots Charitable Trust
Balance sheet
as al 31 August 2025
2025
2024
NDtas
Assets
Current a55et5
Cash 8nd bank balances
71,479
71,479
137,310
137,310
Llablllttes
Trade and ¢lher
8t188
15.003
115.0031
197,447
197,4471
Nat a88e18, b8Sng nat currant 8888ts and bolng total a8801810s8 currént Ilablllllè8
56.476
39,863
Fund$
Unr8slrkled Income fvnds..
G8n8r81 funds
Total charl lund8
56.476
56.476
39,863
39,863
The a(L0mpa￿YIThg notes lo the financlal slalemenls are an Inlegral part of IhB Trust's financial 51alemet*s.
The financlal sta18M£￿tS of Boots charitab￿ Trust Icotnpany r89istraibn nutnbor 03039665, charity reglstralion number 10459271 w9re approved by
the Board of T￿5188& and aulharised for rssue on 29 May 2026. The finan￿al slalern8nts were svJned on 115 behalf by..
J Moffat
Tru51e8 and Diwcior
29 May2026

Boots Charitable Trust
Statement of cashflows
as al 31 ALJgust 2025
2025
2024
Notes
Cash flows from operating activllies..
Nel Income for the reporting year
Adlu$tm•nts for..
IDeup.asellincre8se in crediioFs
Nèt ¢a$h loulflawlllnflow provlded by operating actlvllles
16,613
30.863
182,4441
165,8311
50.743
90.606
IDe¢roas•llln¢r•ase cash and cash equivalents in tht reporting year
Cash and c8sh equlvalenls at the beglnnlng of th8 reportlng year
165.8311
137,310
90,606
46.704
C88h and cosh equivalenis at the end of the reportlng yeèr
71,479
137,310
Th8r• were no cash equivalents al 31 August 202512024.. n￿81.
10

Boots Charitable Trust
Notes to the financial statements
for the year onded 31 August 2025
l. Material accounting pollcies
The following acwunllng po1icles hav8 been applied r))nslstenlly in de81iw wilh items wh￿h ere cOn￿dered material In reLallon lo the Tnjsls finandal
slalemenis.
General infom)ation
Boots Charit8Ne Trust C'lhe Tmsl'l is a public henefil enllly, a registered charily and 18 Incorpor8led in Enolar￿ and Walos a8 a Company Ilmlted by
guaranlee nol having share capiial. The liabililyol a member In Ihe event ol the Trust being wound up whilsl a member, or￿￿thin (￿e y83r of ceasirbg to
be a rnembei. Is not lo ex￿ed £1. The address of th8 regls18red Offi￿ is glven on page 4. The nalure irf the Trusl 's operat￿nS and 115 prifbGipal
activities are s81 out In the Slraleglc report on page 1.
Ba$1$ of preparation
The financial slalemenis are prepared U￿er the his10￿Cal cost convenlion. In axordance wllh Ihe s￿lement ol Flecommended Praclice'Accounling
and R8porbng by Chariltes ISORP 20191 applicablt 10 chaillies preparing Ihek accoun1$ in accordance with the Financydl Reporting Slandard
appllcable in the UK and RepublÈeof Ireland IFRS f021, éffedlwe 1 Jawary 2019, the Companles A¢t 2006 and Ihe Ch£rilEs Act 2011.
These fine￿6181 slalements are preS￿led in pounds s16rf1ng because Ihal Is the currency ol Ihe primary econom￿ enwronmenl In Ihe Trtsst
opar£les.
Golng concern
The financial slalements have been prgpared on a golng concern ba8ls. In adopllng the golng ¢oncem bays. Ihe Trusle8s have consldar8d Ihe
charileble 801Diilie.s and wncipal risks and Un￿rtaintieS as sel out Mrylhln the Slraleglc repori.
Tha Trust had nel income of t16.61312024.. 39,8631 in Ihe {￿tre￿I year.11 has nèi ¢utrtrni ass818 of £56,47612024.. 39.8631 Kthich 15 expected lo retuin
10 £nil in the year ending 31 August 2026 as 1115 the Ttuslees, int￿l10Th lo donate Ihls posi yaar end. Tlie charlly* activlbe5 8Tr expected lo conllnue
Thlo Ihe loreseeabla lulure and for al leag112 months trom appr¢wal ol finèndal siaiÈmÈnis.
Th8 Trust Is wholly funded by Boots LJK Limiied. Ml linancAal GommRmÈnts of thè Trugl ar6 4rt&d wbsequenlty once Ihe income is known 8nd ￿￿11 rK)I
exceed tha Incomfy received. Funds are dIv￿ed lor albcalion to 88¢h meeiing held in Iht yearand &xpBndllure a98insl alloca1￿) is moniiored c￿selY
durlng and al the condusiw of 88¢h meeling, Boots UK Limited has commilted lo wnlinua 10 provide fin¥n¢Lql support lo IheTrusl lo meet iis113billlEs
as Ihey become due for 81 least 12 months froni lh8 dale of signlno the finand81 stai•m8nts.
Ba$8d on these facis. Ihe Trugtees have Assessed Ihal there is no tnalerial uncertainty suirixjndlrwj Ihe going concErn of the Tru91 and they Iherefore
consSder Ih8111 ¥vlll be a going concern for al kasl 12 mnlhs from Ihé d818 of appmal of Ihesè financSal slalements.
Income
All Income is rvAgnised On￿ Ihe Twsl has en111￿ment lo tho re8ourc88, It18 prebabl8 that Iht Incom8 wll be received, and the Monetary va￿8 c¥n be
measured wilh suffi¢*nl rellabllily.
Donallons
Such vo5unlary income ￿ accounted for on lh9 da19 when It batomos récafvable. Donated prolessknnal services and donaled faCNI￿eS are r8cognlsed
as Incom8 when the charlly has conlrol over item, any Candit￿n$ assou8tad ￿1￿ th6 donated Il&m have been mel. the receipl of economlc benefit
from the use by the tharily ol Ihe item k% probabk and Ihal economic ￿Th@￿t can be m888ured rel￿Ny. In a￿￿darKe the ch8rib.es SORP IFRS
1021, general volunie8r Ilmg ￿ nol recognised.
On rec8ipt, don8leJ professv)nal servi¢e$ 8Dd donated fécib'ti&S aw wcognised on thé ba￿$ of value of Ihe gift lo lh8 charity whlch ig the Om(￿nI
the charity would have been wrylling lo pay lo obtain seMc8s or fac11￿1￿ of eqU[v8￿nI 8conomlc b8nefil en the open market,. 8 c0￿￿0￿￿1ng 8movnl Is
then ror.oynised in eypendilure in Ihe per￿d of r￿1p1.
Exppndltur•
LlabiliU8s are recognised as expe￿Ill￿re 85 saon as the￿ is a legal or tonslruciiva obll9aibn commllllng ihe Trusl lo expendilure. expendllure Is
accounted fu on an 8c¢ruals b88is and has been classifled underh88dinos Ihal 8ggrea8ie all ¢0s18 related lo Ihe category.
Chaiilable acllwlle
Donalions ar6 Induded la tha slalemenl of financial Bcllvilie5 wh£n approv8d by lh8 Trusieès and agreed ￿1h Ihe re¢itMenl org2ni5abon. If a don0t￿n Is
aVxdrd￿ that is ￿eper￿ent on certah ¢ondlllons belng m8L It Is trèated as oxpondllurè and a Ilab5151y ol Ihe Ttusl If Ihose condilions fou oulslde of the
conlrd of the charily. All expenditure is Bccounled for on an acciu81s b8sIs.
Basis ofallocal￿n olcosts
Suppcrt cosis are eonliibullon5 from Baois UK Limitsd. whlch 18 an apkyoxlmallon, based M separdlely klenblialle costs, in respect of managng and
8dminisl8riw the frusl. GovemBnce cosis compii5e all costs Invdving Ils compllance wilh ¢x)Dsbiulional and stalulory requiretnenls. Thes£ costs
include ¢osls related to the staiulory audil. All support costs and govemance ¢osls a￿ allo¢oled lo charileble acllvilies on the basis of lim8 spent on
these 8¢1ivilie9.
Granls
Grants payablo gre paymenis mad8 lo thlrd pai￿8 th8 fUrth8r￿Ce of lh8 chgrlloble oWe¢tlves of the Tru51 as 51aled in Ihe TrUs￿eS, Directors,
report.

Boots Charitable Trust
Notes to the financial statements {continued)
for the yoar ended 31 Augusl 2025
1. Mattrlal accountlng poll¢le$ Icontlnuedl
Flnanclal It)8truments
Flnancial 88sels and finanual liabilille8 are iecognisd when the Trusl becomes a party Its the conlrAcliJal provisions of Ihe Instrument. All financiol
assets and 11a￿lItES are Iniiidly measured al IransacliLK) pri* lillcluding ifans8¢1ion ￿sI$l, except for those financial assets e18ssilied 85 al fair value
through profil ￿ bs¥, whkh are inllially me¥sured al fair value Iwhicli is normally the Iransaclion pri￿ excluding Iran53clion coslsl, unless the
rangemeni ¢onslllules a Ilnan¢lng Iransa¢Uon. If an arrang￿0￿1 ¢on5Ulules a fin3Dcg Iransacllon. Inan¢i8135sel or finan￿31 li8bllily Is measured
at th8 present of Ihe fvlurfr paym&ni8 discounted at a markel rate ol inleresl for a slmilardebt inslrumenl.
The Trust only ha3 finan￿￿1 a5%eis and finanGlal Il¥bSliiie% of a kind Ihal qu81ily es bas￿ fhanclal inslrumenls. Basio finanual inslruments 8re inilidly
retognlsed ai Ir8nsaciion va￿& and subs&guen￿Y m8asured al Iheir selllemenl valtsa.
F￿n￿ accountlng
All funds are Unreslri￿ed. Thes& are funds which are expend8Ne al the discreiion of Tm8leeÈ In fUrthernr￿ of the cbjectives ol the Trusl.
Taxatlon
The Trus1 Is a réglslèred thariiy and has no tiabllily for ￿rporatIon lax on Sis charflable acbvliles undei the Corporalvjn Tax A¢1 2010 l¢hapl8rs 2 and 3
of part 11, secilon 466 onwardsl or Sétlion 256 of lh8 T8xalk)n for Ch8rgeable Gains Acl 1992, to the éxtent surpluses are 8pplied to Ils charflable
putposes.
Cash at bank and In hand
Cash al bank and cash in hand Indud8s cash and shDrt ianr hlghly Ilquld Inveslmanls wilh a short malurlly ol ￿rea months LY18ss Irom iha dale ¢f
acqu15111on or openlng ol the de[￿￿11 or simllar account. For wrpos¢ of the sttiemtrni of tashflows, cash ar￿ Cash equ5va￿nlS Con￿$1 of cash and
Cash equivalents as defined above.
2. Crltlcal aGcountlng ludgemenls and key sources of estimation uncertalnty
In the application of th8 Trust's awounling policies, vlhich aré d88ts1bed in nol& 1, Trusté& arè requirad lo make judo&r￿n18, 8sllmai&s and
8ssumplions about the carryng amounts of asseis and Ilabllillos Ihal 8ra not re8(511y apparonl from Other $(￿rt@s. The esiimaltss and assothat
8ssumplion5 are based on hisloriGg1 experience and other faclors Ihal are considered lo ￿ rel8vanl. Actual resulls may dlffèr from these 8Stlmales.
Tho esllmale5 and underlying assumptions 8re reviewed on an ongoing ba￿$. RÈvPslohs lo accouniirtg esiimales ar& re¢ognl$8d in the parlorj in which
Ihe estimate is r8￿Sed If the rems￿￿ aflacls only thai pèriod, or In Ih• ￿lIod of th6 r&￿￿on and future ￿rfod$ if th? revlslon aff*¢is both current 8nd
future per￿ds.
Tha Tru5tee5 do not ￿nSider there lo b8 any cxibcal judgetnents or key sources of es11mal￿n ￿￿rtaInlY requirfny dlsdosurtr.
3. Incorne from donatlons
Bools Ch8rilaUe Trust is an independent registered Gharily wholly Ibnded by BDois UK Llmlled.
2025
2024
Donat￿nS
500,DOO
53,029
5S3,029
437.500
53,523
491.023
Donated semces (see note 41
4. Support ¢0818 and governancè CO$f$
Included Within donallons 1$ £53,029 12024.. £53.5231 from Boots UK Llmiled in regpecl of managiTrJ and adminisleriw the Twsl. Thly Is
approxlmatlon based on separately IdénlSflable cosls and includes audit lees of £3,50012024'. £3.5001. There are no fees payabb lo Trusts audilor
for non-audil setvices12024'. £nill. Gov8tnanctr cosls of£3.50012024.. £3.5001 consislof Ihe audll fee.

Boots Charitable Trust
Notes to the financial stalements (continued)
for the year ended 31 August 2025
5. Analysls of ¢harflable acllvltles
Suppot11
goveTnan¢è
costs
Grants funded
(note 41
202S Total
4B3.387
53,029
536.416
Supportl
governancè
costs
Grants fundéd
activity
Inole 41
2024 Tofal
Charilable acliwilies
397.637
53,523
451,160
Grants aPPtOV8d are drawn down 88 cash frtsr Ihe Trusvs spon50r, resulting in unalloraled funds belty reflected In Ihe Trusl's r8sarves as
opposed to cash on the balance sheet.
Na gran15 were awarded 10 IrKJw4duals In Ihe curi8nl or pr￿ling year.
Anoly$l$ of grarbts awarded durlng thè year
All grdnls were agreed during Tmsiets meellTYJS that look pL9ce Ihrough(xrt Ihe year lo 31 August 2025. Ouring Iha year mah)r grants amounted lo
£483,J8712024." £397,637) arKJ were madè lo 52 boneficiaries12024.. 481.
A list of the awards donai&d durfng th& y88rl$ sel oul b810w.
13

Bools Charitable Trust
Notes to the financial statements (continued)
for th6 year ended 31 August 2025
5. Attalysls of charltablè actlvltles Icontlnuèdl
2025
2024
Health
Base 51
10,OLKI
Radford Care Gr￿p
10,0(X)
Power Up
X-PERT Health Training and Education Lld
Life Edt￿110￿ Nolls
9,9
10.0(N)
10,0(M)
Plnlslze Theatre Lld
5,610
The MASIC Foundauon
7,1
NIDAS
8,OLN)
Cancer Suppori UK
9,437
BAghlar Fulures Thrwgh Sport
ADDNI Chlldr8n's Chadty
Neuro Therapy Cen1￿ Ltd
N8urodlverslly UK
10,0(X)
10,0
10,QLK)
10,0(M)
Margaret Pyke Tntsl
Little Hearts Maller
8,821
9,Q
The He811hBus Trusl
10,QLKI
Pregnawy S¢kness Support
10,0(M)
Respecl lorAII
9.595
My Slyhl Nollinghamshlre n8m¢ for Noitinty)amshire Royal So¢*ly lor the Blindl
S.H.E. UK
9,646
9.876
CilkenyAdvicg Broxtowe
10,(K)O
4Sbhl Visw Support
Denlaid
10.(K)O
2.500
ERIC, Thé Chlldren's Bowel and ￿adder Charfly
5,000
Fumble
10.(K)O
PASIC
10,Crf)O
Chlld Braln lryury Trust
Nollirvjhamshlre Hosplca
Changing FaGes
Trauma Treelmenl International I￿1)
5,000
10,000
10.(M)D
10.fX)O
Slreelooclors
3.LN)O
Bridgelon Community L88ining Campus Ltd
Harytys Hydrocephalus Awarerbess Trust
10,(x)O
Liverpod Can￿r Care Sell Help Group lknverpool Sunflowers)
Sl8nlay$ Community c￿tre
Music of Lile Foundallon
lo,￿0
18 gr8nts12024'. 18 granisl
167,553
144,872
14

Boots Charitable Trust
Notes to the financial statements (continued)
for the year ended 31 August 2025
5. Analysls of ¢h8vlt8ble 8Ctlvltle8 l¢ontlnutdl
2025
2024
Communlty d8velopment
Broxtowo Women's Project IBWPI
Mojalu Fe￿dation
Llf8 SkiNs Education Charily
Second Chance Leamlng Academy
Di9abilily Supwrt
M8rtlneau Gardens
10,000
fjo,000
9,400
7,792
10.000
10.000
urt￿￿ Roois Initiallve
9,734
Thè ￿te Trusl
10.000
The Duane SpencerTrusl
Equation Charlly
Bournemouih FoodBank
8,1(MJ
10.000
io.ooo
PiSrnary INollinph8m Studios Lldl
Quiet Down There CIO
2,950
EtN¢ PartnaE
9,394
Ashfl61d VoluntsryAdlon
9,7(
G￿dGyM
Imara CIO
9,143
9,993
Oxlordshlr8 Play Assodallon
9 grants12024.. S grants)
4.500
85.026
71,689
21125
2024
Llffrlong lèaming
Ilingham Cilyof Lil•r8lur&
Nolllngham ImaginalK)n Lbrary
g.174
10.0
Young EnlerrySse
ChSkJren's Book Project
STAALld
10,0(M)
8,143
7,600
Blyth R&S￿r¢$ ar¥J ln1llall￿ Cenlro
Sunoertand Women's C8nirè
5,000
7,656
Th6 Mason Foundation
9,950
2 granls12024.. 6 granisl
f9.174
48,249
15

Boots Charitable Trust
Notes to the financial statements (continued)
for the year ended 31 August 2025
5. Analysls of ¢harltable actlvllles Icontlnuedl
2025
2024
Soclal care
Just Fdend5
10.000
Transltmi Traknhg
Belvoir Vale RKling for Ihe Disab￿d Group
S.H.E UK Isupportlng, HoalSng, Educaitngl
EcowLYks INoltingh8ml Ltd
J&rlcho Road Project
Mu￿afOr Everyone
Sportlng Memorlas Foundaiion
9,273
9.651
0.998
9,800
fjo,(x)o
9,820
4.811
8occk8 Enoland
10,0(X)
SFICE FOUNDATION CIO
9,974
Unallima Theatre
10,000
CANCER UNITED
7.994
Adbn for Eldèts Trusl
9,960
Once Upon a Smile
Me2 Cl￿b
7.041
fjo.000
FACES Bedford
10,000
urt>an Uprislng
Young Insyred
10,Q
5,0(h)
The Laura Centre
10,0th)
r*yard compas￿
10,000
Sèachanqè Devo
9,524
Teams and Bensham Comrnunlly Care
Pyramld ofArts
9.873
8.915
Hop8 Notlingh8m CIO
me-slart H*dn98y HaGktw and Wallham F(Yesl IHSHH&WFI
Nolllryham chI￿ren, Young People and Thglr Famllles Proleet
Tha Ethel Trusl
10,000
10.OOD
7,946
3,350
Beeslon CommunilyRe5wr¢e CIO
9,137
Liule Mlrade% Charilable Incorporated Organisalion
The Marcèlbs 8az Foundallon
10.000
9.750
Hlghkghls
Polenbal Kids
8.500
4.450
Reach Family Project
Children's Beraavemenl Conire
io,(K)o
10,000
POW Noliiwham
The Helpful Bure8U
Windmill CommunilyGar¢Jens
10,000
9,694
10,000
Open Homes Nollingh8m
10.000
23 grants12024.' 15 granisl
211,634
132.827

Boots Charltable Trust
Notes to the financial statements (continued)
for the year ended 31 August 2025
Trustee remuneratlon
No Ttuslee has recdvad orwah￿d any remvnerallon or tsxpansés forlhÈlr 5e[¥￿eS lo Iha Trusl dunno Ih¥J y&arl2024.' nill
7. Employee numbers and costs
The Tfusl has no eMployees12024.' nll
B. Trade and other payablo$
2025
2024
Amounls dug w￿bkn one yèèK.'
Atttu&Is
15.003
97,447
Theso accruals rdale to gran18 8N)rovtd but not dlsbursed as 8131 Augusl 2025 and 85 bt 31 Augus12024.
g. Relatod partlos
Boots charitab￿ Trust Fs a wkdly ownad chariiatAtr wmp8ny wlhin The 8(M)18 Group Llmiiéd. All c(rygnies wthin the Group ar8 a reL41gd party lo Ihe
Trust.
During Ihe year, t￿ Trust rec8iv8d a grant of £S00.00012024.. £437,50018nd donaied s*￿te5 to ihe value of £53,02912024'. E53,5231 from a rèlalod
Company, Boths UK Llmiled la wholly owned subsidiEry wilhin the Gioupl. Amounts due tolfrorn 50019 UK Limilod 81 the year-8nd were £nil12024'.
10. Post balanco sheot ewnts
There have bean no signrficanl evènts ￿nce the bdance sheel dale should be consklered for a proper und8rsiandvig of Ihesg fin8ncial
sialèmenls.
11. Commltmtnts
Al Ihe balarta sheei dai8, theré arè ￿ grants to Trthich the frusl was cemmiiiad lo maklng that have not bean w0￿ded lor (2024.. nonè).
12. Ultlmata parant undortaklng
The Trust has no Sha￿ ts￿181 and ks limrfed by guarantee of Ihe Memb8rs.
On 28 Au9USI 2025 Sycamorè PartnarG (YJtnpleled ils acquls514on of Walgreèns Boots Nllante Inc.. From this dale. Th8 Boots Group Limiled became
tha ulllmaié parent ctlxpanyand tonliolllng party of Ihe Tru81. The Imm8dlaie memberci)rnpanieswere unaffected by Ihls 1ratksar.l￿n.
Al 31 Augu512025, the CoTnpanWs Immediale p3renl members were AlllanGe 80015 Holdings Li¥niled and Wdgreens Boots AllSance s8[v1￿5 Llmiled,
buth incorporated wlhin England and Wales. 115 ulllmale ￿rent ¢omp8ny 2nd conlrdllng pariywa5 The 8ools Group Llmlled.
Tha princlpal acllvlly of tha ullimai8 parent compgny is pharmacy, h8allh and beauiy retailing along wlh pharmacy whO￿S31e. The c(wnpany Is
controllad and managed by tho Ttustees with Ihe parent Cornpany only aclive as a ￿ld1{￿j company.
Thé Boots G￿p Limited incorwaled in the Unlled ￿ng(￿m. Ils r8glsl8red office address is 3rd 1 Ashl$y Road, PJtrSncham, ChegNre, Unlied
Kingdotn, WA14 2DT.
17