2025-08-31-accounts

REGISTERED CHARITY NiIMBER: 1053705 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2026 FOR RUSKIN MILL LAND TRUST Bron5ens Charteied Cerlified A(u)unlants S*alulory Auditors Eden House Two Rivers Business P8rk Iney Oxfr>rdshire OX28 4BL

RUSKIN MILL LAND TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Page Reference and Administratlve D•t•51s R•portofthè Truste 21011 Roport ofthe Independent Audltor¥ 12to14 statemenl of Flnanclal Actlvitsès 15 Balan¢• Slfftt 16to 17 Ca$h Flow Statement 18 Not•s to thè Cagh Flow Ststement 19 Notos to the Flnancial Statoments 20to35

RUSKIN MILL LAND TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2026 TRUSTEES Ruskln Will Land Trust Limitgj The directors of Ruskin Mll Land Trust Limited, the sole trustee of Ruskin Mill Land Trust arè= Prof8ssor Alison M B Brown Mr A C H Gordon OBE (resigned 31.08.25) Mi Angus TaY￿r Mr Robert Lloyd-Davies Dr Stafan Gèidgr Mr Mattias Emou5 lappoinled 1 SeplemL*r 2024) Mr lan Clements {appointed 7 May 2025) Ms Roos Naves (appointed 03.12.25) COUNCIL OF MANAGENIENT Mr A C H Gordon OBE (Trustse R8presentalivg) Oo yle 31.08.25) Mi M S Mohamed Iqbal (Chief Financial Manager) Mr C George (Trust Estates Manager) Mrs A Whitbread {H8ad of Legal SeNces & Company Secretary) FOUNDER MrA C H Gordon OBE PRINCIPAL AODRESS Ruskin Mill Old Bristot Road Nailsworlh Gloucesler8hire GL6 OLA REGISTERED CHARITY NUMBER 1053705 AUDITORS Bronsens Chartered Certified Accountanls Stat(rtory Auditors Eden House Two Riv818 Busine88 Pa Iney Oxfordshire OX28 4BL BANKERS Lloyds TSB P Tr￿d0S Bank NV Deanery Road Bristol BS1 SAS Slroud Gloucestershire GL5 3BD SOLICITORS Royds Wthy King 65 Carter Lane London EC4V 5HF WSP Soticitors 3r1 Rowcroft Stroud Gloucestershire GL5 3BJ Page 1

RUSKIN ￿LL LAND TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The directors ofthe trustee ￿rnpanY presentthe report and ffinanLYal ststementsf(srthe yearended 31 August 2025, whlch havo been prepared in accurdance with statutory requirements, tho twst deed and the Slalemont of Recommended Practice 'Attounling and Rawling by Charili8s'. Thè tharty infomation on page 1 of these finanrAal statemants fom)8 part of this report. Throughoul thls report, whertsverrnferen￿ 18 made lo the"charW'. this refaTS lo"Ruskin K4ill Trust". OWECTlliES AND ACTIVITIES Obje¢tive$ The char￿$ ob19ct￿. 88 8et oul in its Trust [￿ed arn.. To advance the education of young wple with leaming drftcuNiès 8nd l or behavioural problems or special educational needs through training in the areas of th8 arts. crafts, 8gthLwlluial and environmental scA8ncBs, with paitithjlar referen￿ being 9ivgn lo the and ins￿hts of Rudotf Stain6r in these 8re8S. bl To promote research into th8 prartice and devèlopment of those argas of pducation provided that all ￿SearCh findings wll bo wSd8ty dlssemMiat6d. Public benefit As a chartiable trust, the charity seeks lo bengffl the publk through its stated aims whkh are shown above. Young People aged be￿etn 7- 25 years with sp8a81 needs are the primary benafiuarie$ 81 the five $perAalist Ileges and four 5peck71i51 schools are operated from the charty's cora propertie8. L¢xl communities lo the tharity's site5 also b8nefit from 8(xe$8 lo ¢uAuTal cerths. farn)s and gaidens. Th2 princ7pal function of Ihe chaTty is Ihe leasing of its proparty Portfolio {11 lo Ruskin Mill Tnjsl Limited to be used forthe charity's first charitable objective and12> for residenttal purposes in supwrt of those educational pUrP￿e$. In furtherance of these aims the Trustees have compligd wilh the duty in $.17 of the Charities Acl 2011 Ilhe Acr? to have du8 regard lo the Charity Commission's published general and relevant subse¢tor guid8n¢e concerniThJ the operation of the Public Benefjt requirement under the Act. Strategic Aims 1. Tolgase the charfty's propaty estate for charitabl¥ use in a￿danc0 with its objactives. In fytherance of this:_ a. To set quality 51andaTds for18SgaeS 8nd tenants to adhere to,, and b. To fv￿lI all landlord responsibilthe8. 2. To monage Ihe charitys subsKIi8Ties effiThently and 8ff8CtN8ty. 3. To maint8in and develop thechanty's key buildSNJs andwider property portfolio in further?￿of Ihg chariV8 objectives. 4. To Snvesl further into the research 8nd development of the vision and academic method underpinning the chity. 5. To pursue improvBments of the Estate'5 environmental pgrfor[￿3nce through careful n)8nagemenl and consideration of Industry guidance and inthatwes. The charity 1$ attempting lo achieve and measure the slrategicaims in relatDn lo the Chaws property PDrtfolio through a broad criteria.. improvod condition of the properties. reduced maintenance bathlog and WOTking whh Ruskin Mill Trust on a longor tem rnaintenance plan. ènsure current leases arè in place, acqui$hion of appropriate prop&rti8s to further the objectives of thg charlty and disposals where necessary to ensure best use of charty funds, success in obtaining capital grants ID a881sI in the dèvelopm8nt of lh& tariVs key buildings and appropriate investment into the reg8neMtion of land and buildings. In respect of research, actiwtles 8tt0ss the organisation but most particutaty at The Field C8ntr8 dir8dy supports the CharItab￿ objects oflhe charity. The rege8reh programme has grown considerably over thè yèar, in temis of programmes on offer, the number of intem81 and exlemal candklates taking up Ihg increased Opportun￿•S and the implernentation of moro strucaured feedback and 8￿dence galherfng proce&￿8. continues to be developed with 1he ovor8118im of producing Ihe pract￿ informed research which underpins the unique method of practical skiits teaching and learning taking pLq¢e within thè RUs￿n Mill Trust colloges. Page 2

RUSKIN MILL LAND TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 OBJECTIVES AND AcnMTIES Public b¥nafrt Ensuring we m••t ouralm$ Th8 TnJsl88s revièw the aims. objectives and activities each year. We look al what we have achieved in ter￿ of the success of Èad) W activity and th8 b8nBfils w8 have brought to those groups we are set up to help. This review a180 helps us lo ensuie ouraims. objBclives and a¢fivilies r¢mainfo¢ussed on ourslaled purposes. We have ￿ferred lo the gu¢dance contained in the Charity Commissson's general guidance on public benefft when remewing our aims and objeciives and in planning our futur6 activthes. In part￿lar the Trustees consider how plamed a￿1VitieS will contribute lo the aims and objective5 we have set. ACHIEVEMENTS AND PERFORMANCE Developments, acth*Stles and achlevements for the year 202312024 Introductlon The principal function of Ihe tharity is Ihe leasing of kts significant property portfolio to Ruskin Mill Trust Llmited to be used for lil th8ri18ble edu¢8lion81 purposes by providing the phys￿1 cont8xi for thè charitys unique 8ducational melhod. "Practical Skills Therapeutic Education. {PSTEI- and {ii) COTrtinued supporl of the r8sid8ntial provision offered bylhe colleges in supportof the education by the suppty and care ofthe properties plus asslstance whh fLKther exiemal aCq￿S￿￿onS wherg n8Cgssary. The chativs aesthetic. drawn from the arts and ctaft8 movement, its "genius loa" is Curated and developed using appropriate insights from Johann Wolfgang von Goethe and the spiritual insighls of Rudolf Steinef in human development. Biodynamic agriculiure forms the core contexl to enable outdoor learning and nutrition to b8 de1[￿ere￿ for heaf(h and wellbeing. The arts and crafts movement inlluencethe re-imagining 011he Trusfs industrial buildingsfor praciical skills Iherapeuli¢ u8fvork. This ha$ contributed lo hands-on tr8ining andwork experience opportunities for students. such as wool produrkn.on in Glou¢eslershire, glasÉ m8￿￿￿et￿rIng In Stourbridg8, j8w8118ry making in Bimiingham and mètal work in Sheffield. The often iconicand li51ed buiklings also promde int&rèstforth8 local o)mmunities through H8rilag8 activitias and the ability to parbopate in swal enterprise. In addilion to the provision of college sites, the chaiity piovides appiopriate sitesforsthools whore a wid8 curriculum. both of an academic and practical rtalure. is made available lo the younger beneficiary of the Ruskin Mill family. The charity continued to support Ruskin Mill Tru81 Ihroughoulthe ytrar by ensuring Ihal tts properties ￿rna1ned fftfor purpose. undertaknng maintenan¢% and repaiis as iequiied and through exploration of newan(l innovalNè apttal pro1￿1$ to enhance the student expertence. Ac ui$ition$ and di$ Emerson College TNsl (ECT) At 8 general meeting of the Emerson College Trust Association held in Octobei 2024. th8 membership voted wTih an overwhelming majority lo joln the Ruskin MS11 Land Trust Group and this change t¢)ok effact Icom that dat8 {10 Octob8r 2024). ECT joined Ihe Group intacl. bringing wilh il the freehold property tjn site the landlord obligations and responsibilrties for all leasehold titles thereon. Significant invesltnenl has already been madg. both financialty and in lems of resour¢ing. making improvements to Ihe on-site infraslruclure in PUTsuance of the strategic plans for widening the aducal￿nal offering and stabl11￿n9 Emerson's fulure. Addilionalty. RLFskin Mill Trust has Commen￿ its work on the part ofthe sile designated forthe development ofthe new A$￿jown Garden S¢hool. Helios Trust Hellos Trust is a registered charity and owns the freehold of 17 Stoke Hill, Bristol Ifonnerty HelKJs M8di(Al Centre}. It currently leases Ihe buikling to Calherine Grace Trust for use on the first floor as Grace Garden Upper School sharing the ground floorwith Rowan Tree C8ntr8 for H8alth. Helios Trusl transferred ownersFwp of its Company lo the Ruskin hrtlll Land Trust during the fin8nual year. Th• Old School, Llannon R(Md, Pontyb•r•m. South Wales Fom)8r Infant school silualed Sn the town of Pontybgrem. lo be converted irto residential accommodation for students attending Coleg Ty'r Eithin, once the college is opwali¢)nal. Pur(th5e comple18(l in Novtrmber 2024. Pag# 3

RUSKIN MILL LAND TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 ehi•vemeTrts An ¢tivitie8- Coll e & School I Bri8toll rnG• Gardèn 17 Stok• Hlll Replacetnent of heating system. Thè Rowan Tr9• Cerrtre for Heolth (l(Iwer ground floor of 17 Stoke Hill)., works were undertaken to allow the Cèntreto befomially opened on 09 November 2024, offering hol1st1ctherap￿$ffiea￿hCaretO the general publ￿. Lower School WLvks allowing for previousty unused r00Th￿ to be brought into use. arlin nlCl8rvaux Ga CleThaux Gard8n School Refvrbishmenl ol kitchen and food s8Ning area al sclbjol. Inslallalion of enlarggd dr8inwJe knodlgestsr system. 38 Conl$cllffe Road {Bkshops House). Work5 to shoplr8fomi ¥￿$$ for School uselfft-oul attlc 8pace Replac8m8nt of boSltTS. uss•xIEmorson The project to devolop Ashdown Garden School is ￿derwaY wrfh th8 school expe&d lo open in Juty 2026. Genèral WQTks are underway lo refurbish and improve Ihe Ruskln Building, and other buildings on site. Nalls Ruskin Mill Coll• Stiuctural repairs Lmdertaken al Gabks famihous•. COmplet￿n of th8 valley hNticuttural Shed, and 8dditi¢nal tOl￿t f8cilrties al HoT81ey Mill. Brantw dGardenSch I Tlntagel House Roads and pathways withSn the slle have beèn re-surf8ced. Brnntwood GaYd•n School Re-roofing works have been compktgd. Gr£an spaces And garden areas have been creai8d followlng conversion works to the concrete and tarmac aw$. tourbrfd Vale Hg•d Falm InslallatK)n of fire alarms lo reside¢7tial propérties. Colle Gla8•hou$e Collego Upgrading to LED I￿hting a¢xos$ the Slte (phase 2 development). urbrld Sunfield Lower School The new schoolwas fonnany opened on 16 May2Q5. New 8thJol bams also ¢>)mrAelod and in u5e- sgparate fft-oul contract Is proceeding to cornplete B d888fLX)m and slora within the18rger of thè barns. Work commonced in June 2025 for the Georye Adams Research Centre and Café. Updallng outdated overhead servtc98 intra8lructure and general improvements works to rpsidenlial prop8rb88 Dernolllon 8ThJ p￿paration of sile kr new entrance to ￿ UppÈr S¢knl. Page 4

RUSKIN MILL LAND TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 R￿kin Mill Centre for Pra¢tlce IRMCPI RMCP was successlulty re￿818re￿ 88 a ch81ity WIM the Charity Commission. Envlronmental Report The ¢harty recognises that good 8nvironment81 m8nag8m8nt mltst b8 an int8gral and fund8m8nt81 part of its Group strategy and MS1(￿. Working in conjunction wilh Ruskin Mill Trust. the charity aims to Continuously improve its enwronmenlal performance through careful fflanagewnenl of the Eslale and all its operations. Respectfor the environment is inherent in the charity's ViSiDn and is made wnarbife5t through its method (PSTEI and specffically through the adoption of biodynamic land pradi¢es. The chwity will work dosety with Ruskln Mill Trus1 in its develtipmenl of a 10 Year Environmgnlal Plan. Ruskin Mill Trust appointed an Energy and Environmental Manager in Juty 2025 who will work alongside and cooperate with the chariivs Estate Manager lo ensure overal improvernents to the charitys sites. Str6amlin¥d En•ryy & Carbon Reportlng ISECRI The charity has worked alongside Ruskin Mill Trust in the prepara1ion of its Second SECR forthe whole Ruskin Mill Group. This wtll ency)urage the implementstion of energy efficienl measures and the adoption of low or 2ero carbon pr8CticÈs. The Group has committèd to year-on-ya8r improv8m8nts in its operational energy eflklency. Som8 of those measures have Included.. Implernenting a Heal Decart>onisation Plan foi all sites that curtently use f05siI fuel consuming boilers, wtth Ihe aim lo phase out all usage of fossil fuels for heattng Completion of an energy audit ol the Sunffield sile and implemenlalKJn of a scheme to replace histori¢ oil- ffired bDilefs Repaiiing the bi￿na88 boiler and feed system 81 the Tiigonos sile and replacing all outdatsd LPG backw) boilers - Reptacemenl of the histor￿ wind turbine at Gables Fami Insl811ino ASHP technokjgy within the Wod Barn sile - Conduciing reviews of EPCS across the entire propety ￿rtfoliO Further measures will be prKJrilised 2025- 2027.. - C¢)ntinu8d contribution tOWaTds the 10 Year Envlronmonlal Plgn - Development of long-letm strategy for replacing fossil fijel boilers and conlinued Irnprove￿￿nts in insulation and healing systems - UrKl8rtake a review of Energy Perfom)an¢e Certificates (EPC'S) across the whole propety portfolio - Conlinuy)g to raise awareness among all staff and students so the s¢ale of Ihe operation Can be understood. Conlinuing to look for improvements in both the tnsuLgtion fabric 8nd healsng systems of all buildings, rep]aciNJ old style slLKage heaters An amount of work has been undertaken wilh Ruskin Mill Trust's energy purchaser to tske adv8ntag8 of re¢Yuced energy ￿$ts over the summer lo negoliale any rènew818 duè in the next six months. 8nd to ty to align contract end dates. allowng for discounts on great butk purchasès in the fthure. R•s￿l¢h Ruskin Mill Trust's educalfonal melhod of PTacllcal Skllls Therapeutlc E(lucallon, developed over 30 years. Is appliedthFough Seven Fields ofPractice. Thecharity supports the continued development of the method which 1$ subject to ongoing research of three different kinds.. pracliboners. action research and reflective practice" formal Maslerfs and PhD ￿search on spe¢ific dimensions ol PSTE,. and Goethean scien￿ research on the undetpinning8 of the praGltce. The charity now supports docloral candidates through the Field Centre. Eath candidate continues to enhance the Group's thmugh their research of tha key aspects of thè method. The eurienl spread of.th8m8S IS Fields 1,2.3.6 & 7. The charity celebrated ts first compleled sponsored doctoral degree wilh Dr Constantin Court submitting suceessfijlty defènding his EdD Thèsis at lh8 Universty of Sh8ffi8ld in JU￿ 2025. in Fk?Id 4 - Therapeutic Education. Page 5

RUSKIN MILL LAND TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Di&sefflinalion of r8s8arch occurs through research jgumols. kgy publication8 produced by the charity, reguL8r seminars exhibitSons and eonferen¢es. This researd) cyde. wlh it8 research objacts sourcèd in enhancing practice, serves tt) devElop staff practice for the benefit of student progressJn. The Fiekl Centre Joumal of Resgarch and Practice, along wilh the hollsllc 8¢iènce joumal In DiaFogue, both distributed widely within the Trust a5 well as available fr88 online, in line with OUT chorrtablg objects In re￿lIOn lo the dissemination of research. Ruskln Mill C•ntr• fr•r Re$egr¢h IRhlCRI RMCR wnlinued its research effort acxoss four established and develoyng cent￿6 based on STtès owned by the tharity, using Goethean enquiry and 8plrltual scientific research to underpin Ruskln Mill Trust'g method of Practral Skills The￿p9th￿ Educ8lKJn. Al the Margaret Colquhoun Research Centre (Fairhill, Scotland), Dr Renalus DeTbidge has moved on with the research position besng taken up by Sofio Rasmussen, manager of the overall Falrhill Rise promsion. Sofie has recentty eompleted the MA in PSTE arKI has also studi8d 8t the Nature Instthte in the US. The Field Centr8's Dr Judyth S8$soon has completed a y$ai 85 Ruskin Mill Res•arther in Residence at the Etches ColleCt￿n Museum of Jur88sSc MaTine ￿fe in Doisel. Along wli h 8cientifjc research on the 'DavKI Attenborough pliosauff. she has workad on a po￿￿$1 series with the museum and is worklng wNh Ruskin Min Trust sd)ool teachers on how the study of bones and anatomy can benefft our pupil5. Constm¢tion of the George Adam5 Research Centr8 {Cl8nt, Stourbridgel at Sunfield is underway. Goelhean research at Emerson Colkgo will be cownbined with work 1he George Adarns CenbE, in Ilne with the long- standing historical links of the tsvo locations. Ruskin Mill Centre for Practlce IRMCP) Maste¥ of Arts in Practical Sknlls Therapeutic EduCat￿n Cohort 1 submitted their final dissPrtaI￿ns in May 2025 with all sludenls passing. and a slgnlflcanl number achieving a Merit or Dislinclion. Their graduation look plae in Juty 2025 * the UnNeTsity of Huddersfiold. - Cohort 2 completed their ffirsl yearwtth a Iwo-week delivery of Modukg 3 (Blo￿nam￿ Ecdogyl in April 2025 and an assignment submitted In June. Their Se￿nd yoar began mNY-August 2025 wth the dellvery of Module 4. Investigating thè Wder Conlernporary Context of PSTE. Ma8tsr of Art8 In Tran5forn)atlve Le8mlng Continued devebpment of new MA coursè, with Arts Universty Bournemouth IAUB) as the validating parther. Course prospectu$, and validaliDn documentation have been 8lgned off by AUB. Student appllcaUons to open Ler this calendar year, for first whort cours& start date in October 2026. OIS AppIl￿tIOn Tho Ofs brought their self-imposed pause on all registrations and applicat￿)nS for admlttartce as a higher eduLXtion establishment and deg￿e awarding powers lo an end in AL(gust 2025. RMCP revised SP8CTfiB documents to rasubmit at this point to refiect thelr progre55 over the paus8 year, 8.g. uwlate of financial documents and policy slalements duo tothe now ￿)llabo￿tIOn with AUB, lo gnsure there are no ￿rther delays when Ofs process the application. Trnlnlng The HEaRT team continued their excdlent work in organislng, offering and delivering both internal PSTE courses and mand810ry training for all Ruskin Mill piDw5ions. The compliance training consists of 12 topi nead8d for regukgtory compliance.. Safeguarding.. Prevenl,- Health and Safety,. Equ8ltty, Diversty and In¢Jusion- Safety Intetvenlion Ipreviousty MAPAI,. Medlcation,. Infection Control., Ment81 Capadty and DOLS.. Data protection and GDPR.. Safer Racruitmenl; First Aid., Food Hygiene. Page6

RUSKIN MILL LAND TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The HEaRT leam dglivered 15 intemal courses during the 24-25 aca(lemk year.. Growlng Land GrowlrvJ People. Pedagoyic Potw)tial of Craft, 7 Fidds of Pradicg, Goelhean Science four-fokl, Polarilies, Tgaching in Specialist Sleiner Gaw(len Schools, Steiner Educational Insights, Holistic Practices in Nutrilion, Hotnewnaking. student Study Facilitation. MasleTS in PSTE. Therapeutic Music. Slep-by-slep Gardening. Woodland and Fish famiing. The internal courses offered and delivetsd by Ihe HEaRT team for the 25-2fj a¢ademi¢ year a outlined in the new 202&26 Ru$kin Mill Courses Brothure, which was Ur￿lated to st8ff 8s a physic81 pubk'cation. In September 2024, the leam delivered Training week al all Ruskin Mill TTUSt pro￿lS1On$. This cornpromis8d of five working days oftraining. Thè c8ntral th8m8 was Fietd 6. Holistie medi￿n￿. with focus on the sttjdènt study. Events Events at Ruskln Mlll The year ended as it began in the gaThery with the exhibition gf student work. whith represents and celebrates every student who has attended Ruskin Mill Co1￿9$ the previous acadeNwG year. Their studentjoumey is reffiected in the vibtanl displays of craft. and culture- and a￿ayS makes a deep impressron on the staff. students. their families and the public. There were fv40 noteworthy exhibitions ov8rth8 y8ar. bolh retrosp8CtiV8s. and both artists very d88rto Ruskin Mill TrusL The first Was Amthony Hodgè Skètchb¢ok Days, a Selling exhibii)n ol dr8wings which w8$ a huge su(xess, in teTrnS of visilors and Sales. The second was Kay Wedgbury whose work still hangs in Ruskin Mill around the bLbilding and whose trees in soft oil paslels are iconic. An enchant￿9 local(ish) folk duo slartgd off the year., Filkins, Drrft had made the llews for walknng the CDast of WaJ8s for a tour of small venues. Dan Whitehouse gave us his Night of Glass. song6 that were bown of his collaboralion with the GlasshoLFse and the history of Ihe Work1¢￿￿. Tho Brothers Gillespie brought in a full house. and an audience that responded deeply to their energy and aura. Emma an(J Ellika. tradilional Swedrsh fiddle players We￿ unsurpassable, and we finlshed the year with the hugety popular Martin Simpson. an incomparable guitarist. for the Richard Valentine Memorial Concert. one ol Ihe mainstays of the annual N8ilsworth FeslNal that Ruskin Flill Trust has Sponsored sin¢e its in¢8ptJn in 19805. FINAMCIAL REVIEW The rèsutts for th8 yÈ8r rÈprÈsent the (mgolng actlvNy of leasing and renting the ¢harity'$ assets in pursuli of its tharitable objects in the ways outlined above. For the year ended 31 AuglJst 2025 the group r8cord8d a surplus of £1.570,601 (2024- £2.022.681). FurNls of acquiipd entrlie5 added £2,519,479 to the total funds which Blood al £22,718,851 on 31 August 202512024.. £18.628,5711. Cap*al expenditure for the year lotslled £748,998. Page 7

RUSKIN MILL LAND TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 RISKS AND UNCERTAINTIES The directors 8sse89 the major risks to which the charty is exposed on an on90ing basis and formalty wrthin Its Risk Ragistèr avery six month8. The directors identffied thefollowing as the prfnclpal risks an¢J uncertaintVa8 fa￿r￿j the tharity. Also sel out ar8 th8 control pr(Kedurgs in place lo mTtigate against those risks. Posslblo rlsk Depen(*ncy on one primary incoffle source land lack of ¢ontr(Al Control Proc•dure The charity has s81 up various m8th8nisms lo monitor the financial interconnector il has with Ruskin Mill Twst ￿Mited {Ihrough bt b¢ing Ihg ¢haiiVs primary lenanl}. Work 18 ongoing lo identty ways to exploit and dN8rsfy incomè sources. The directors have also revwed the chartty's reseNes policy (see further beiowl. Cash flLW sen8itMtws The directors ensur8 that the ch8rity's Finance Manager identifiès all m8jor sensitivlfjes, partI￿lartY around the tharitys capital programmes. The Finance Manager provkles detailed cash Ilow proi8ctsons {wllh prudent assumptionsl to the dirprtOTS at Ihelr rogular toard Mee￿n96. Pvbllc liabilTty issues arising from inadequate management of th& charitls esiate, induding bad(log of maintenance The charity conllnuos to vffjrk vrith Ruskin Mill Trust Limited to improve the procass for ensuring all the Tenanls takg responsibility for maintenance of the prOp￿tIes. .Failure to maintain and protect the ph￿ical assets of tenant provision Maintenan¢9 strucluips have been rewewed ae¥oss the Group with schedules prepared in each area and increased budg8t ¢xpacity agreed with tenant. The goal remains to fully 8mb8d

year maintenance plans. Rlsks assoclated wrth sped17c properties= canal banks, roads, landslip Wher8 risks are on leased landlproperty, the charity iemews and monitors the tenant's risk-rnanagement polry lo ensure Ihal rt complies with all Televant operational poI￿leS Ire how lo keep students, staff and the public safe). Borr¢ywlng The di￿￿9r$ require that the chaTrtI8 Fln8nce Manager ninuously appraises future income streams lo serwce the ebt. The Finance Manager also undertakes periodic d8tailed reV￿w9 of the terms of all borrowing (rates available fixed, Capped, variable etol and re-stru￿Vres debt if appropwiate and approved by th8 direciors. The tharity makes use of approprkqte professional advke. Faillre io comply with employment law C￿r directives and support frorn HR. Failure lo comply wilh health and safety Rk8k assessments aro in place, H & S training for staff, audits, leglslatlcm resuhs in petsonal injury updated pol￿e8 and monitoring. Unsafisfactory fundraising I shortfalls The Charity has a good rècord of fundraising to meet shortPdll$ for its projects. The fundraising team has remained staNe and works aonsist8lltly with the project development learns to ensure strwg cimnmunulion of lundraising targets. Page 8

RUSKIN MILL LAND TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Reser￿$ pollcy It is th8 policy of th8 Trustee to US8 surplus8s generated by the activities of the charity lo both tepay loans secured 8gain$l its land and buildings. and lo invest in their impTovemenl. The Trustee undertakes an annual review of the current and anlicipaled income and expgnditufe l$velswilhthe purpose of ensuring that adequate liquid assets exist to meet al the liabilities of the charity as they fall due. In Ihe event that IiouKI assets were found to be inadequate. it is the tDJslee policy to dispose of such assets a5 may be required. either by oulriyht sal? or sale and leaseback. to increase liquid assets lo a level at whtch the charity is abte to meet all its liabili1188 as they fall (lue. Reserves 8131 August 2025 stand al £19.835.101. FUTURE PLANS Trustees have resolved to und6rtak8 a process of incorporation of the Ruskin Mill LaTrJ Tru51. Wgtk is already undemay with art #im to complete the projoct by the ènd of August 2026. The following plans are being pro9res6ed in fvrtheiance ofthe Charity's obitrds: Nallsworlhl Ru5kln Mlll Collpgv To undertake WOTks to slabilise the property known 8$ 2 Millbollom. Su8sexlEmerson To complete the conversKJnldevelopment of education buildings for Ashdown Garden Schod, wlih the aim for the school lo be operntion81 by Summer 2026. To undertak8 condition surv8y of Em8rson Collège Tiust leasehold properties. StourbAdyelGlatsshous• Colleg• To complete the metal colour light glass casting farAIity. To comm¢nco malor repairs lo Ihe rAno1 bank and moorirwJ. To underlake the reroofing of the 8dminislration blfKk. Stourbrfdgolsunfield School To complete building th8 Georg8 Adams R?￿reh C8nlre and Café by Summer 2026. to use Ihe building a5 space for the MA in Transfom¥live Le8ining frjr the 26r27 academic year. Darlingtonlclgrvaux Gard•n School To undertake and complete conslruotion of new forge and anlmal barn. Waloslcoleg Plas Dwbl To explore the restoration of Ma￿S Hal wilhin the current building curt11a￿. anLI explore the incluslon of 8 reseath annex lo house Ih¢ research of Laura Walwrk IRMCR researcher). To complete tho purchase of the propeity known 8$ Brywr8u (St Cle8rs. C8rn18rth8n. SA33 4AH), for use as residential accomrnodation for college sludents. TflaleslC¢log Tyr Eithln DeregIstrat￿ft ofthe silè as a resldenlk91 care home reylstratlon as a college. vhth assocwtod and required works and d8V81opment of site. BrlstollGra¢e GaTden School To undertake works to impiove Iraffic11Dw from 253 Canford Lane down to the Sthol. Ccimplete desvJn and submil pjanning apph'calion forkn drop off area. HlgheT Education The tharity will support RMCP on the development of Iheir Higher Education offenng with the wnning of the new Masters course. MA in Transforma*ve Leaming, and intention to achieve registration with the offi￿ for students fof slaliis 8$ a higher edu¢ation 8stsbli$hment This will b8 folbjwed by an appI￿￿￿)n to achieve laugm degree awarding p¢ywèrs. Page 9

RUSKIN MILL LAND TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Th• charity is govemed by its Tr￿t Deed dated 27 FebrLWry 19￿. a8 amermled by Supplamentsl Deeds tlated 18 October 1996, 28 March 2CKJ3, 17 August 2007 8NJ 24 May 2010. Govoming body The ch8rty is a trust whose sok trustee Is Ruskin Mill Land Trust Limited. The directors of thé trustee ompany, whose names are lisle(l above, are responsible lor und8rtaking the duties of the Trusloe. Recruitsnentand training of Trustee Company DlreGtors The charity's pr8¢ti¢% regarding recruitment 18 for the mernbers of the board to make recommendations for suilabty skilled and exp8rientxd people who are then appraise(I by the board. New b98rd members recewe an induction pad(. Ongoing training is carhed tsut during the meoting cycle and indudes pa￿r and in-person briefings orl legal and othgr update5. Group $tructur• and felatlonships Th8 chartty has two non-charitable subsidiary cornpani8s. Ruskin Glas8 Centre Llmh8d d88ls wfth the commercial Jetting of units comprising part of Ihe GL3sshous8 College $r(e in Stourbn"dge. The Arademy of Makers L(mited dea15 With th8 commerckgl letting ofunits al the Butcher Works site cornprisin9 part of Fieeman CLllege in sheff￿ld. Any proffts made by Ihese subsidiarie5 are covenanted to Ihe charity. The has ffive subsidiary charitable Companiès. Ruskin Mill Cgnlre for Practice whith is rssponslble for the provlsion of the leaching of Iha MastÈrs Degrees as well as staff training, Ruskin Mill Contro for Reseai whith undertakes research rnlo Ruskin Mill's method of PSTE, Erner￿n College Tru* which is responsibfe for the provision of holistic educatiDn and care rL)urs8s in EASt Su$8ex, TIT Ceridwgn in Wale5 which acts as the Gioup Welsh Land Trust and ￿fe Scienco Trust in Scouand which is due to b8 wound up. Oryanisatlonal mpnagernent The Tluslee and its dir8Ctors are legally responsib￿ for the overall govemancè and control of the trust and meet at least four limes a ygar. ThÈ Trustee has established a Coun(al of Managemènt. to which day to day control and managemgnl uf the charity 15 delegated. The Council of Managemant is comwsed of one director of the Trustee and a number of SOn￿r officers of tht tharity. Séttlng pay and remunorntlon of key manag•mont pgrsonnel The pay of key rnanagemenl personnel is sel onc8 th8 role has been defined and an evaluation of the role has been undertaken through the d)arity's job evaluotion scheme. Their specffic pay within Ihwr grade is Ihon defined in line with tt)e d)arty's pay and gradiny policy. Rolat•d Parties and Partn•rshlps The tharity leases most of its proFety Fortfo￿o to Ruskin Mill Twsl Limited and leas8s sites to its Iwo subsidiary companies. FOT full details of r8lat8d parbes and their relationshlp tr> the charity, please refer to note 21 to the f￿ana81 slaternenls. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Iruslees aTe responsible for preparing the Report of the Tnjstees and the finand81 statements in a¢xx)rdance with 8pplicable 18w and United Kingdom Accounting Standards (United Kingdorn Generally Accepted AC￿unlIn9 Practice) induding Finandal Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republlc of IT8land'. Page 10

RUSKIN MILL LAND TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 STATEMENT OF TRUSTEES. RESPONSIBILITIES- ¢tsntinued Charity law requires the tfuslees to prepare financial ststements for eacjj ffinancial year. Und8r that law. the twslees have elected to prepare the financAal statements in accordancè with Unit8d lQngd¢)m Ggneralty Accepted Accovntlng Prn¢lic8 IUnit8d Kingilom Acexjunling Standards arKt applicable law). Under charity law the Irustees must r￿t approve the financrdl stslemenl$ unless they are satiSf￿d Ihal they give a tru8 and fair view of the slate of affairs of the (atity and of the incoming ￿sOUrceS and application of resourc8s. including the income and expendilure, of Ihe charity for that poriod. In prepa¥ing those financi81 slatements, the trustees ale required to sele¢t suitable accounting policies and then apply them con6i8tenUy; observe the mothods and prinaples in the Charilies SORP.. make judgerntrnts and eslimales Ihal are ￿?sOnable and prudent., state whether ¥pplicable accounting Standards h8ve bean lollow8d. subject lo any materral departures disck)sed and explained in Ihe financial statèments,. prepare the finanual statements on th8 going concm basis unles5 it is inappruprtale to PFesurne Ihal th& chaiiiy will continue in btJsin8ss. The Iruslees are iesponsit4e fot keeping pi(Jper accounbng records whith disclose with reasonable accuracy at 8ny tim& th8 financAal posibon of the charity and to enable them lo ensure th81 the financial statements comply with the Charifies Ad 2011 and The Charity lAC￿unts and Reports) Regulations 2LK)8. They are also responsible foi s8leguaiding the assets of the Charity and hence fortaknng reasonable sièps forthe preVen￿n and detectKJn of fraud and other irregU￿rities. Approved by ￿der of the board oftwstees on 29 April 2026 an¢J sffjned on Ms behaw by: Ruskin Mill Land Trust Lifflile(i- Tiustee Page11

REpoKf OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RUSKIN MILL LAND TRUST Opinlon We have audited the fin8naal statemants of Ruskin Mill Land TTu61 (the 'parent charit￿) and ts subsidiariès Ilhe 'group'l for the year ended 31 August 2025 which comprise Ihg Group Statement of FinancAal Actrviti8S (Net Irteomé and Expenditure Accounti, the Group Ba18nce Sheet, the Charty Ba￿n￿ Shoel, the GTOUP Cash Flow Ststwrnerrt and notes to the financial statamènls, induding a summary of ￿gnff￿n1 accounting polioes. The ffin8nual reporting fraM￿Ork that has beon applied in 1heir preparation Is apPI￿able igw and Unlle TrQngdom Accounting Stsndards (United Kingdom G8ner811y Attepted Accuunting Practice), including Finan￿al Reporting Standard 102 The Financial Reporting Stsndard appll(able in tha UK and Republic of Irelan(r. In our opinion the financ4al statemertts.. glve a true and fair Mew of the state of the charity's affairs as at 31 August 2025 and of its incoming re8OUT￿S and appllcation ol resources, for the year then ended,. have beon property prepared In accOrtlan￿ Unite(l King(lom Generally Accépted Accounttng Practi￿. including Finanaal R8POrtirg Standard 102 'The FinancAal Reporting Standard applicable in the UK and Republi¢ of Ireland and hav8 been prepared in accordancè with the requirement$ of Ihe Charfti8s Act 2011. BaBIs lor oplnlon We conducted our audit in accordance with Intsmalional Standards on Auiting (UK) 11&48 (UK)) and applicabl818w. Ourresponslbllitie8 under thos8 st8ndard5 are furthgr described in the Aud[to￿, responsibilities forthe audtt of Ihe finanaal ststements secion of our report. We a￿ independent of thè charity in accordance with the ethical requir8mÈnts that are relevant to our audit of the financial slatsrnents in the UK. including the FRC'$ Ethi￿1 Standard, and we have fuhllled our other ethical responsibilities in accordance with these requirements. We believe that the 8udil evKlen¢e we have obtained is guffiaent and appropriate to prowde a basi5 for our opinion. Conclusltsns relating to going concom In auditing the finanual statements, we have concluded that the trus188s' use of the going concern basis of 8c(yJunling in the p￿paratIon gf the financial Statem￿1$ appropriate. Based on the work we have perfomed, we have not identffied any material Ur￿rtaIntles relaiing to events or condrfions that, indmdualty or ctslle¢tively, may cast significant doubt on the chartty's ability lo continue as & going concern for a period of al 18ast ￿e1ve months from when the finanual stalernenls ar8 aLthorised for 5ssue. Our responsibilrtias and the rosponsibilities of the trustees wrfh ro$￿cl to going cOr￿M describ8d in t relevant 8ections of this report. Other Infomiatlon The Injstees aro responsible for the othèr infornati￿. The other information comprÈs85 the Information Induded in the Annual Report, otherthan the financial 51atem8nts and our Report of Ihfr INJependènt Audllors thereon. Our oplnion on the ffinancial statements does not covw the oth8r inf0rn181ion and, exGopI to the extent oth9￿lse eXpli￿lIY Stsled in our report. we do not express 8ny form of assurAnee condusion ther80n. In ￿nn￿b0￿ wf(h our audtt of the finandal s18tements. our responsibility 18 to raad the other information and, in doSng 80. consid8r whether the other inforrnalion is Material￿ inconsistent with the finaneral slalemenls or our knowledge obtsine(I In the audit or otherwise app8ars lo bè materialty tni55tated. If w8 identify such material inconsislgncies or apparent mateiial misstatements, we are requlre(I lo deterniine whether this gives se to a material mi8Statement in the financial staternents th8mselves. If. based on thtr work we have performed, we con¢ludo that there is a matertal misslatem8nt of thls other infomialion, we ar8 requi￿ to report th81 facL We have nothing lo r8POrt in this regard. atters on which we •r6 requlred to report by exceptlon We have nothing lo report in respect of the folk)wing matters wherp Ihe Chaiilies IAccounts and Reports} RegulalKJn$ 2008 requir85 us lo report to you W, in our Opin￿n.. the information gwn in the Report oflhe Trustees is ineonsistenl in any material ￿pect with the finanual slalemenls.. or $uffirAent a¢￿￿nI1￿g recor(fs have not been kept.. or the financAal stslements are not in 8greemènt with the arZoun￿n9 r8cord$ 8nd returns,. or we havvj not rw%ived all the infomiation and explanations we requlre for our audit Page 12

REPORT OF THE INDEPENDENT AUD￿oRs TO THE TRUSTEES OF RUSKIN MILL LAND TRUST Respon$ibilitiè$ of truytsos As explained more fulty in the Statement of Trustees, Responsibilities, the trustees a￿ responsible for the preparalion of lh8 financial stat8menis which give a tru& arKJ fair vi8w. and for such intsrnal control as the Irusl88s dèterminè is necessary to anab￿ Ihg preparation ol financial stemgnts that are fre& from material mksstslernent, whether ¢Jue lo fraud or ertor. In preparing the financial Statements. the trustees are responsibk forassessing the Qharity's abilty lo ¢onliiuo as a going concem. disdosin9, as applicable, matters related to going concem and using the going cOn￿M bays of accounling unless the Iruste8S Oither intend lo IKiuidats Ihg ch8rity or to ¢e8s8 operat40ns, or have no reall￿1¢ 8llernalive but to do $0. Our r￿pOnSIbIlItI95 fortho audlt of thg flnanclal stal•mgnts W8 hav8 be8n appointed as auditors under S8clion 144 of the Ch8rittes Act 2011 and report in 8ccordance with the Act 8nd relevant regulations made Of having effect thereunder. Our objectives are lo obtain reaSona￿e assurance aboLttwhetheT the financial statements as a whole are free from material misslatemenl, whgther dLbe Ic fraLtd or error. and lo issug a Roport of th9 Indgp$ndetrt Auditors thal inclutjes our opiniDn. Reasonable assurance is a high level of assuran￿. bul is nut a guarantee that an audit conducied in aCCord￿ce with ISAS (UK) will ahvays detect a malewial misstatsment when il extsts. Misstalemenls can arise from fraud or error and are consklered material if. individually or in the aggreg019, they could reasonabty be expecled to IrfflUen￿ th8 economic decisions of users taken on the basi8 of these fin8nra81 slatem8n We gained an understanding oflhe legal and regulatory framework appliCa￿et0 Ihe cL)rnpany and the industy in which il operat8s. and consid8r8d the risk of acts by th8 company that wer8 contrary to applicable laws 8nd rewlations, includin9 fraud. We desiqn8d audit proc8durès to r8spond to th8 risk. recognisin9 that thè risk ol not det8¢ling a material misslalemenl due to fraud 15 highei than the risk of not delecling one resuhing from error. as fraud may invofve deliberate concealmenl by. for example. forgery or intentional mi5representalions. orthrough collusion. Vve ￿Used on laws and regulations which coulLI give tise lo a Thalerial misstatement in the finanLaal statements. in¢ludiny, bul not limited to, the Companies Act 2006 and UK tgx legislation. Our tests incjuded agreeing the financ4al statemenl disclosures to underfying SL*pporiing documentation. enquiries with management and enquiries of legal counsel. There are inherent limitations in the audr( pr¢)ctdures deS￿bed abovè 8nd, the fLIrth￿ removed non-compliance with laws and regulations is from the events and Iransa¢tion$ refÈcted in the financial slalemenls, the less likely we would becorne aware of We did not identify any key audrt matters relating lo irregularities. including fraud. As in all our audits. we also addr&ss8d lh8 risk of management override of intemal conlrols, induding testhng journals and evaluating whother Ih8r8 was gvidenre of bias by the directors that rewesented a risk of fflalerial misstalewnenl due to fraud. A fvrther desoiplion of our responsibilrties for the audit of the financial slatements is located on the Financial Re￿tIng Councifs websbte at www.frc.org.ukJauditorsresponsibililies. This des￿ipli0n fomis part of our Rewjrt of the Independent Auditors. Pa9¢ 13

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RUSKIN MILL LAND TRUST Use ol our rnport Thi8 report is made SO￿lY lo the Charrty's trustees. as a body. In aCc0Tdan￿ with Part 4 of the Charilies (Accounts and Reports) Regulations 2008. Our audit worf( has b￿n undertaken so that wa might statè to the chariwstiuslees those matters we ar8 r8quired to slate tothem in an auditors. r¢portand fgrno olherpurpose. To the fullest extent perrnitted by kw, we do not atx*pt or assumè rèsponsibilty to anyone other than the charty and the charity's trustees as a body, for our audit work, lor this report, (K for thè opinions we have fomied. Browns A￿￿tants Limhed, Stsbjlory Auditor Eden House Two Rivers Business Park Witney Oxfordshlre OX28 4BL Date: 29 Aprfl 2026 Bron8en8 Accountsnts Limited is eligibl6 for apwnknenl as auditor of the charity by wrtLt& of its eligibility foT appointment as auditor of a wmpany under section 1212 of the Comp8nEs Act 2006. Page 14

RUSKIN MILL LAND TRUST GROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 31.8.25 Total fvnds 31.8.24 Total fund$ Unrestricted ReStr￿￿ed fuThJs funds INCOME AND ENt)OWMENTS FROM Donations and l¢ga¢ies 743.942 8.685 752.627 1.430,347 Charitsble 8¢tivitie$ Educational and ￿ntaI income ch￿ta￿e activilies vrithin subsidiaiies 3,115,587 3.347.343 3,115.587 3.347.343 2.496,213 1,671,842 Other income 252.499 252.499 23.024 Totsl 7.459.371 8.885 7.468.056 5.621.426 EXPENDITURE ON Raising funds 895.434 895.434 873.765 Charitable actlvllles Chaiitable actwilies Charitable actb￿ty wrfhin subsidiaries 1.114.￿9 2.215.798 1,114.069 2,253.347 876,525 1,554.857 37.549 Other 12 293.598 Total 38.255 5,897.455 3,598.745 NET INCOME 1,600.171 129.570) 1.570.601 2.022.681 RECONCILIATION OF FUNDS Total fvnds brought fon¥ard Brought forward lunds of acquir8d 8ntiti&s 18,828.571 2.383.811 18,628,571 16,605.890 2.519,479 135.668 TOTAL FUNDS CARRIED FORWARD 22.612.553 108.098 22.718,651 18.628.571 Page 15

RUSKIN MILL LAND TRUST GROUP BALANCE SHEET 31 AUGUST 202S 31.8.25 Total funds 31.8.24 Total funds Ufftstricted Restriclod funds funds FIXED ASSETS Intangib￿ assets Tangible assets Soc4al invèstments Investments 12 739 13 30,786,108 14 1,347,127 15 739 30,786,108 27,217,927 1,347,127 1,459.505 12,2 32,146,240 32,146,240 28,677,432 CURRENT ASSETS St¢)cks Debtors Ca8h al bank and in hand 41.947 16 2.838,307 1.276.126 41,947 2,838,307 1,382,224 1,414.945 1,531 016 106,098 4.156,380 106,098 4.262,478 2.945.961 CREDITORS Amounts falling duè within one year 17 (2,245,787) {2,245,787) 11,252,209} NEf CURRENT ASSETS 1.910,593 1(%098 2016691 1.693,752 TOTAL ASSETS LESS CURRENT UABILMES 34,056,833 106,098 34.162,931 30.371,184 CREDITORS Amounts falling due after more than one year 18 {10,895,6181 {10.895,618) 111,742.613) PENSIOM LIA81UTY (548.6821 {548.662) NET ASSETS 22 612553 106.098 22 718 651 16,628 571 FUNt>s Unra$t￿ed funds Rgstr5¢tgd funds 21 22,612,553 18,628.571 TOTAL FUNDS 22,718,651 18 628.571 Th8 fin8n¢i81 st8t8ments were approvgd by the Board of Trus￿ and aut￿riSed for is8ue on 29 A￿1 2D26 and were signed on its behalf by.. Ru$knn Mill Land Trust Limited- Tr￿lee The notes form part ofthese financial statsments Paoe 16

RUSKIN MILL LAND TRUST CHARITY BALANCE SHEET 31 AUGUST 2025 31.8.25 Unreslrictpd fund 31.8.24 Total fund8 Notes FIXED ASSETS TarvJible 8ssets Investments 13 14 25,871,￿ 28,155,176 25.871,558 26,155,178 CURRENT ASSErs Debtors C8sh at bank 16 2.446.637 1,267.353 791.944 4,832,412 3,713,U90 CREDITORS Arnounts falling due wtthin one year 17 (1,245,562) 11,129.067) NET CURRENT ASSETS 3.586.850 2.584.923 TOTAL ASSETS LESS CURRENT LIABILITIES 29,456,408 28,740.101 CREDITORS Amounts f811ing du8 after more than on8 yèar 18 (9.870.901) (10.621.734) NET ASSETS 19 587,507 18 118 367 FUNDS Unre8tri(ed fvnd$ 21 19 5875Q7 18.118.367 TOTAL FUNDS 19.587,507 18.118,367 The flnandal statem8nts were approved by the Board of Trustees and aUt￿ISed for Issue on 29 Aprll 2026 and weie signed on its beham by-. Ruskn Mill Land Ttust Limiled- Trustee The notes fomi p ol Ihp59 finandal slalements Page 17

RUSKIN MILL LAND TRUST GROUP CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 31.8.25 31.8.24 les C8¥h flows from 0￿ratin9 wctivrti Cash yènèrated from operations Interest paid 2,194.137 895.434 3,818,906 Net cash prowded by operating activilie5 1298 703 2945141 Cash flows from Investlng actlvltl Purchase of tangibl8 frKed assets Sale of tangitile r￿ed assets 1748,9981 {1,252,0891 Net cash used in investing 8ctivft￿s 1252 OB9 Cash flows from flnanGlrbg actiyitigs New loan$ in year Loan repayments in yeor 303,000 1.001,497 880.620 4.159050 Net cash (used inllprowded by financang actlvities 38 497 3.278.230 Chanyg In ¢o$h and ¢agh •qulvalents In the reportlng peri¢d Cash and cash gquival&nts at the ginning of tho reporting perlod (148.792) 11,585,178} 1,531.016 3.116 194 C•8h and ¢a$h èquivalents at the end ofthe reporting period 1,382,224 1,531.016 Thè notes form part of these finan¢ial stslements Page 18

RUSKIN MILL LAND TRUST NOTES TO THE CASH FLOVI STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 RECONCILIATION OF NET INGOME TO NET CASH FLOW FROM OPERATING ACTivrriES 31.8.25 31.8.24 Net Income for the reporung perlod las perthe Statement of Financlal Acljvitles) Adlustmonts for: Depreciation charges Increase in slod(s Ilncr8aselld8crease in d8btors Intte8sÈ in credrtors Nel effect of acquired enliiies 2,466,035 2.896,446 771.958 141.947) {1.423.362} 1.393,742 72,289 709.722 197.435 35,303 Not ¢a$h provldod by op•rnllons 2,194137 3818906 ANALYSIS OF CHANGES IN NET DEBT At 1.9.24 C8sh flow Al 31.8.25 Net cash Cash at bank 148,7V2 1.531.016 ￿ 1.382,224 1531.016 ￿ 1 382 224 Debt Debts falling due within 1 yeai Debts falling due after 1 year {1.C4]3,500) (10 841.734 (146,498) (1,151.998) Total 110,114218 9,760,675 The notes fom part of these finand81 statements Page 19

RUSKIN MILL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING I>OLICIES Basis of pr•parlng the financlal stat9monts The finanGial statements of the charity, which is a Publ￿ benefft entty under FRS 102, have been prepareil in accordance with the Charities SORP (FRS 1021 A¢¢ounling and Reporting by Chariti8s= Statement of R0￿MMended Pracllce applicable lo Charitles praparing their a(xounts in a¢¢ordance with the Financial Reporting Standard applicabla in the UK and Republic of Iroland {FRS 1021 {effectNe 1 January 2019)., Financ4al Reporting Standard 102 The FinancAal Reporting Slandaid applicab￿ in Ihe UK and Republic of Ireland. and the Charities Act 2011. The finanaal statements have been pr8paTed undei the historical cost convention. with the exception of investments which are included at rnarket valu8. The finandal stslements have teen ptep8red lo gNè a Irue and fairf vtéw and have departed from the Charities (Accounts and Report5} R8gulations 2008 only lo the extent required to provide a Irue and fair view. This departure has involvad following the A¢¢ounting and Reportiny by Charities.. Slalemant of Recommended Pra¢th¢¢ applicable to charities preparing their 8¢counls in accordance wth the Fin8nch21 Rep￿n9 standa￿ applicable in th8 UK and Republic of Ireland (FRS 102> issued on 16 July 2014 rather than the Accounting and Reporting by Charrtles.. Statement of Rectsmmended PractKe eff8ctiv& from 1 April 2005 whith has since been withdrawn. The financial 81alernent5 aT8 prepared on a going concem ba$is undeT the hislortcal cost convention, rnodrfied to includg cert8in items at fair value. The finanual stslemenls are presentad in stsrfing which is the fijnclional ¢urroncy of the char(ly and rounded to the nearest £. Th8 significant afxourrting policEs appllgd In the p￿paratI)ll of these finawal stalernerbts are set out b81ow. These p)liaes have been wis1$t￿tlY applied to all Ye￿ pr8sentsd unless otherwise stsled. Funds Unrestricted funds are 8vai18bl8 for use al the discrglon of the trustees in furtherance of the gèneral oble¢tives of Ihe tharity and which have not been designated for othèr purposÈ$. Restricted funds are knds whl¢h a￿ to be used in accordance wlh Spe￿riG restriCt￿)nS imposed by onors or which have ￿en raised by th8 charity for particular purposes. The cost of rsising and administèring such funds are charged againstth8 sp8oficfund. The aim and use of ¢a¢h restrided fund is set out in the note8 to the ffnancial slatgments. Income All incorne is recognised in the Statèment of Financial ACt￿ltIeS once the charty has ent￿ement to the funds. tt is probable that the income will be receNed and tho amount can be rneasur8d reliably. Expend5tyr• L18bil￿8$ are recognised as expendf(ure as soon as there is a legal or oJnslnJctiv8 oblig8tion committing the charity to that pxpendf(ure. it is Probab￿ that a transfer of economic b&neffts wll be iequiTed in 58tUement and the amourrt of the obli9atiDn can be mea$tsre(I reliabty. Exponditutè is account8d for on an 8txwals basis and has bg$n classrfied under headings that aggregate all cost ralatèd to the category. ￿ere costs ￿nn01 be directly attribut8d to particuLqr headings they have begn allorated lo actlvhies on a basis consistent with the use of rgsources. Giants offered subjeci to conditions which have not been met al the year end dat& are noted as 8 mmitment but not 3cThd as expenditure. Page 20 Conllnu¢d.....

RUSKIN MILL LAND TRUST NOTES TO ThE FINANCIAL STATEMENTS - contlnu FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POUCIES - Gontinued Tangiblo fixed assets Depfecialion is pro¥ided at the following annu81 r$ in order lo write off each asset over ils eglimaled useful lrfe. Spe¢i8lised freehDld land and bulldings Non.specialt3ed fteehold land and buildings Short leasphokl propgwlios FExtures a￿d fittings Computer equipment Str8b3M li￿ over 50 y8ars Sfiaight line over 50 years wrtto off over p¢riod oflgase Straighl linB ovor 5 years Sliaighl line over 5 years Non-specialised freehojd land ar￿ buHdings are in￿ded at markel value. Al other assets are induded at the original cost 8t d8te of acouisrtion. Items costing les5 than are wrilten off as an expense as acquired. The fixed assets hold by the SLtsldlary ￿￿panIeS are shown within the finandal slalemenl$ a$ sodal iFNeslments at the￿ respective net LKJok value, as required by the SORP. knpalrnivnt Assets nol moasured al fair valu8 are rewewed for arry indicatton thal the asset may be impaired at each balanco sheet date. If suth indication ex6sts. the recoverable amount of the 88sel. or the assefs Sh generating unil. is estim8lèd and ctsMpa￿ to the ¢8frying amount_ there the carrying amount exceeds its recoverable amount. an impairment loss is recognised in profil or Ios5 unless Ihe asset is carii8d at a r8valu8d amountwh8r8 th8 impaimient10ss is a raVa￿allon d8cr&as8. Taxation As a registered charTty Ruskin Mill Land Trust is entitled lo taxation exemptions on all ils income and gains as long as they are properfy applied for its chaiilable purpose. Recogn5t(on of Itabllitte8 Liabilities are re￿gnised On￿ there is a legal or cons1rl￿1lve obligation Ihal comm&s the charity lo the obligation. Provision lor liabT1￿0y A provision is re¢ognised when a prestnt obligation with a probable transfer of economic benefit can ba reliabW 8stimat8d. Hlre purchas9 and leaslng commltments Rentals paid under operating leases are charged to the Statement of Financial Actwies on a straight line basis over the period of the lease. Penslon costs and other Post￿etIrement beneflts The pension costs charged irb the finanaal statements represent conlnljutions payable to the personal pension plans of certain employees during the year. Inv•stments Fixed asset investments hèld in subsidiaries. arè stated at Cost al the balance sheet date. Page 21 Conb"nu8d.....

RUSKIN MILL LAMD TRUST NOTES TO THE FINANCIAL STATEMENTS - continuod FOR THE YEAR ENDED 31 AUGUST 2025 DONATIONS AND LEGACIES 31.8.25 31.8.24 Grants 1,430.347 Grants rècèiv￿, inctuded in the above, are as foll¢xY8'. 31.8.25 31.8.24 Heritage Lottery Fund Ruskln Mlll Trust Other donation8 IntÈmational Federal*Jn of Glass 113,103 6CQ,000 585,813 131431 420.000 2￿.2￿8 752.627 1.430.347 INCOME FROM CHAR￿ABLE ACTrvmES 31.8.25 31.8.24 A￿1Vity Charitable Activtrs Rental incorne 3115587 2.496 213 3.115 587 2.49S,213 RAISING FUNDS Raisiny grants and flnan¢• 31.8.25 31.8.24 Inlwesl payable and similar charges 895.434 873 765 CHARfTABLE ACTMTIES COSTS Grant fundlng of activities {8ee notè 6} Support Costs (s88 note 7) Direcl Costs Totsls h•llablg Activities 3,213 288 153 707 421 3 367.416 GRApifs PAYABLE 31.6.25 31.8.24 Charitabl& Adwities 153707 Page 22 Conllnued.....

RUSKIN MILL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 AUGUST 2025 SUPPORT COSTS Coverrtanc Other 3 Totals Other resour&9s expended Charit8ble Activittes 5,701 1,628.904 421 1.634,805 421 5,701 1.629,325 1.635.026 TRUSTEES. REMUNERATION AND BENEFITS There were no Iru$lees' ￿m￿NeratIon or oth8r bonefits for lh8 year 8nded 31 August 2025 nor for the year ended 31 August 2024. Trusts•s' •xp•ns•s Reimbursed experws of £5.701 {2024- £2,658) were paid to a trustee ol the ultimale parenl company durlng the year. STAFF COSTS 31.8.25 31.8.24 Wages and salari8S &Kial Security costs Other penslon (x)sts 1,900,462 160.598 51.334 1.184,094 118.070 25.133 2112394 1327 297 The average nM)nthty numbèr of 8mrAoy889 duiing th8 yeaT was 68 {2024: 381. No employees recewed emcluments in excess Of£60.￿0. 10. PENSION COSTS The char￿Y operates a defined conlribution pensK)n 8chewne in fft8p*ct of Ihe staff. The $¢heme and its assets are held by independent fflanageis. The pension chaige iepres8nl8 contribultons due from the thartty artd amounted to £51.334 {2024 - £25.133}. No liability was oulslanding at thé Balance Sheet dale {2024- £niD. Page 23 Continued....

RUSKIN MILL LAND TRvsr NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2025 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNMES Unr8slricted ftmd INCOME AND ENDOWMENTS FROM DonalMJns and legac￿$ 1,430,347 Charitabl• aellvllles Educational and rental incnme Charllable aCtI￿lieS ￿1￿ 3ubsldl8r￿S 2.496.213 1.871,842 Other incorne Total 5 621426 EXPENDITURE ON Raising fund$ 873,765 Charltable activitb8S Charitatrle A¢tiviiies Charitable expenditure withhi subsidi8ries 876,525 1,554,857 Other 293,598 Total 3,598.745 NEf INCOME 2.022,681 RECONCILIATION OF FUNDS Total fvnds brought forward 16,605.890 TOTAL FUNDS CARRIED FORWARD 18,628 571 12. INTANGIBLE FIXED ASSETS Patents and lic8nc8S COST Acquired entity and 31 August 2025 AMORTISATION Acquired entty Charge for year 182 Al 31 August 2025 NET BOOK VALUE At 31 August 2025 739 Acquired entity 921 Page 24 cOn￿nued.....

RUSKIN MILL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THEYEAR ENDED31 AUGUST 2025 13. TANGIBLE FIXED ASSEfs - GROUP Spe(#alised Non-$￿¢1811$$d freehold freehold land and land and buildings buldings Short leasehold properties COST At 1 September 2024 Acquired entities Additions 18,299,692 11,593,739 3.814.936 413367 875,376 At 31 August 2025 22 527 995 11893 739 875 376 DEPRECIATION Al 1 Seplernbei 2024 A￿uired enlities Ch8rge for year 2.622.915 487.582 798.186 140,387 219.407 16.945 At 31 August 2025 3,507,375 1017.573 157,332 NET BOOK VALUE Al 31 August 21r25 19020620 10876 166 Al 31 Augusl 21)24 15 676 777 10,795 573 Plant and rnathinery FEKtures and fftlings ComputeT 8quiwnent Totals COST At 1 Septernber 2024 Acquired entities Addhlons 22.155 512.705 35.631 25.458 30.818,420 4.511.133 748.998 183.492 At 31 August 2025 183.492 570,491 25.458 36.078,551 DEPRECIATION Al 1 Seplernber 2024 Acquired enilies Charge for year 18,655 373.815 18.370 3,598,493 1,032.552 659 398 171.155 Al 31 August 2025 173.592 416.201 18.370 5,290.443 NET BOOKVALUE AI 31 Au9USt 2025 9.900 154.290 7.088 30.786.108 At 31 August 2024 7 088 27217.927 Page 25 Continuad.....

RUSKIN MILL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 31 AUGVST 2025 13. TANGIBLE FIXED ASSETS- CHARITY Speaalised Non-specialised freehold freehold Land L4nd and bulldlngs bulldlngs Short lÈasÉhold propertle8 COST At 1 September 2024 Additions 17,689.508 11.143.739 807,043 At 31 August 2025 17,689,508 11443 739 DEPRECIATION At 1 Spptember 2024 Charg8 for year 2,550,061 798,1&3 219407 140.387 16.945 At 31 August 2025 2,897 329 1017,573 NET BOOK VALUE Al 31 August 2025 14792179 10426 166 Al 31 August 2024 15 139 447 10.345 573 Fixturps and fittlngs Cornputer equipment Tota15 At 1 September 2024 Addrbons 11.897 6,406 29,658,593 300,000 At 31 Augu8t 2025 11.897 6,406 29 958 593 DEPRECIATION At 1 September 2024 Ch8rge for year 8.397 3,503,417 s83,￿20 At 31 August 2025 4.Q87,037 NET BOOKVALUE At 31 Auwst 2025 3.500 25.871.556 At 31 Auwst 2024 26.155 176 Page 26 Continued.....

RUSKIN MILL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢¢rtlinued FOR THE YEAR ENDED 31 AUGUST 2025 14. FIXED ASSET INVESTMENTS- GROUP- SOCIAL INVESTMENTS COST At 1 September 2024 and 31 August 2025 2.991.878 DEPRECIATION At 31 Augusl 2024 Chaige for tho year 1.532.373 112378 At 31 August 2025 NET BOOK VALUE At 31 August 2025 1347 127 AI 31 August 2024 1459 505 There were no Inves1n￿nI a$gets outside the VK. 1S. FIXED ASSET INVESTh1ENTS - GROUP Other Invéstments NET BOOK VALUE At 31 August 2025- held in a￿ured pnlity 15. FIXED ASSET INVESTMENTS - CHARITY Shar8S group undertaknngs MARKET VALUE At 1 September 2024 and 31 August 2025 NET BOOK VALUE At 31 Augusl 2￿25 At 31 August 2024 There were no in￿stment assets outside the UK. Pag8 27 Continued.....

RUSKIN MILL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025 16. DEBTORS-GROUP 31.8.25 31.8.24 Amounts falling due within one year.. Trade debtors Other debtors Prepayments 2,190.741 642.844 9e6,275 437.357 1414 945 16. DEBTORS- CHARITY 31.8.25 31.8.24 Amounts falling du8 within on8 y8ar'. Trade deblors Other debtors ATnDunts due frorn group enltties Prepayments 1.677,939 46,681 1.800,873 749,128 172,438 231,880 3.364 3 528 451 1,156.810 Amounts falling due aftgr more than one year. Academy of Makeis Ltd Ruskin Gla88 Centre Ltd 768,851 512,017 Aggregatè amounts 4 040.468 2,446.637 Page 28 Continued.....

RUSKIN MILL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- GROUP 31.8.25 31.8.24 Bank loans and overdraft8 (see note 17) Trade ¢redilors Soaal security and othertaxe8 VAT Other crèditors Accruals and d8ferred income 1.151.998 98,099 69,021 14,161 397.093 515,415 1.003.500 131.490 27,480 1,217 57,180 31.342 2,245,787 1.252.209 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- CHARITY 31.8.25 31.8.24 Bank loans and overdrafts {8ee note 17) Trade creditors Sml s8curity ￿ other t8xe8 VAT Othei creditors Amounts OW￿ lo woup enliiies Ruskin Mill Trust A￿ual5 deferred Income 1.091.998 21.771 3,053 14,620 2.094 1.4¥2 60.039 1.003,500 85,442 1869) 2.094 15.792 1,245.562 1 129 067 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - GROUP 31.8.25 31.8.24 Bank loans (see note 1 Other loans (see nole 171 Dvfetred grarbl income 9.970.901 10.621,734 20.000 20.000 904,717 1100879 10 895.618 11.742,613 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN OME YEAR . CTrIARITY 31.8.25 31.8.24 Bank loans {se8 nots 17) 9 870 901 10 621734 Page 29 Continued....

RUSKIN MILL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2025 19. LOANS An anolysis ofthe rnaknrity of loans is gwen bebw.. 31.8.25 31.8.24 Amounts falling due wthin ono year on demand: Bank loans 1 151998 1,003 500 Arnounts falling between one and years.. Bank loans- 1-2 years 1.134,OD2 1167079 Ajnounts falling due between tsvo and five y8ars'. Bank k)ans . 24 years 2 590,470 2 747 062 Amounts falling due in rnore than flve years.. Repayab￿ by in$lalments'. Bank loans morè than 5 y88r8 by in8talmenls Other loans MO￿ Ih8n 5 years by inslalmerrts 6,246.429 6,707,573 20.(100 6,727.573 8 727,573 20. SECURED DEBTS The following secured debts are included withni credttors." 31.8.25 31.8.24 Bank lo￿5 11.122,899 11625,234 The aggregate amount of 8ecured liabdit18s in r8lation to Triodos Bank was £8,647,56112024 £9,418,289) which is secured by way of several 131 legal mortgages dated 6 November 2009, 15 March 2011, 26 November 2015. 9 November 2020 antj 25 Juty 2023 over the charty's fr88hold property. A 181 debenture dated 17 August 2012 comprising fixed and ffoating charg8 o￿T all 888els and undertaknngs of Ruskin Mill Land Trust Umitèd both present and fukjre,. hgld in support of I Company's unllmrted guarantee liability to the Charity. A 1st Iofe policy ctaled 31 May 21100 on th8 life of A C H Gordon for the benefit of Rusknn Mill Further Education. The right of sel-off for any Ikqblllty ￿sts agalnst any other accounts h81d with Triodos Bank by Ruskin Mill Land Trust. The aggregate amount of socured liatmlilies in relation to Lloyds Bank plc was £2,160,339 {2024 £1,949,038) which was se¢ured by way of several 1st 18gal tharges over CDmmercial and ResKJential Freehokl property dated 31 December 2012, 29 Septernber 2016, 29 May 2018, 19 S8ptember 2019, 18 November 2020, 15 Septemkr 2022 and 11 November 2022. The aggregale amount of secxjred ￿8b￿l￿t9 in relation lo an interest onty mortgage regardlThJ 2A Meadow Bank Road. Sheffield, which has been secured in favour ofTinlagel House (Sheffield) Limited, was £155.LK)0 {2024. {£155,000). Th8 intar8St on this mortgage is to be repaid monthly by Ihg Charity. Lwbilttiès Secured against properties represent 37% {2024- 39%) of th8 V￿u@ of freehold properties. Page 20 Ctsntinued.....

RUSKIN MILL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnuod FOR THE YEAR ENDED 31 AUGUST 2025 21. MOVEMENT IM FUNDS Net movement in lunds Al 31.8.25 At 1.9.24 Unrestrlctad funds G8n8ral fijnd 18.628.571 3.983.982 22,612,553 Restrlcted funds Restricted fvnds in a￿U1r¢d en 106.098 106.098 TOTAL FUNDS 18.628,571 4,090.080 22,718,970 Not mov8menl in funds. includ8d in th8 above ar8 as follows.. Inojrring re5ciJrces Resources expended Movement in funds UnYostrf¢tsd fvnd$ General knnd UnreStr￿ted fvnds of acquired entities 7.459.371 2.383.811 15,859.200) 1.600.171 2,383,811 Restrlctsd funds Restricted funds in ¥cqui￿d witity 144.353 138.255) 106.098 TOTAL FUNDS 5 897.455 9987.53S La 4090080 C¢xnparntivos for movèrnent in fvnds movement in funds At 31.8.24 Al 1.9.23 Unrgstricted lunds General fund 18.605.890 2.022.681 18.628.571 TOTAL FUNDS 16 605 890 2 022 681 18.628 571 Comp81atsve net movement in funds. iicluded in the above are 8$ foll￿.. In￿mIng resources R8sources Èxpènded Movem8nt in funds UnreBtrlcted funds General fvnd 5,621.426 {3.598.7451 2.022.681 TOTAL FUNLK8 3.598.74 5,62f.426 ￿ 2.022.681 Page 31 Conlinued.....

RUSKIN fvMLL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025 CONTINGENT LIABILrnES The ¢harlty acquired its Tintogel property in Sheffield from another charity, Tintagel ￿U$¢ ISh¢ffigid) Limrted. In the e￿nt of the Tinlagel property and l or the ¢harity$ Sterfing Works property being disposed of than a sum equivaléntto 20°k ofth¢ gros8 Sa￿ proc8eds bLrt not exc&8ding £770.￿0 shall be payabk to TSntsgel House Isheffieldl Llmited. 23. RELATED PARTY DISCLOSURES Underthe provision ofFinancial RepDrting Standard No. 102, related patytM$actiDns wtth othergroup companies are &xempt from du%dosure as al of the conwanies are includg(I wthin these consolklated financial stalemenls. During IhF year, Mr A Gordon, B rlire¢tor of Ruskin Mill Land Trust Llmtted the corporBte 1wsle& of the charity, was also a director of Ruskin Mill Trust artd tts subsidiaries Bran￿00￿ Spe(i81i$l Schi)ol, Clervaux Trust Limf(ed, Transform Residential ￿Mited. Lantem Trading knmiled and Glasshouse Trading Limited. These entities rent propety and purc*ase other services frorn the charity. During th8 y88r grants re¢ewed. rental incowne and sales ofolhar 8eMce810 Ruskin Mill TTUStamounted 10 £2,623,571 12024 - £2,050.9021. Corresponding ￿gure8 for Bran￿oOd Speaalist School were £332,440 12024 - £211,644), CleTvaLtx Trust Limited £131,728 12024 - £87.86n and Transform Residential Limited £147.050 {2024 - £82,158). At 31 August 2025 8 total of £1,492,020 12024 £740.2761 was due from Ruskin Mdl Trust and its subsidiarie$. Purchases in the year from Ruskln Mill Trust amunled to £nil {2024 - £niD. At 31 August 2025 8 total of £1,552,059 {2024- £740.2761 was due to Rusknn Mill Trust. This indudgs iono-lerm loans. Mr A Gordon is 8180 a Imstee of Seol Trust, a chanty registéred in DLrring the year sa￿S of Senri￿S to Seol Trust amounied lo £40,768 PW24- £36,300). At 31 August 2025 £3,39912024- £nlll was due from Seol Trust. INCOAIE FROM SUBSIDIARIES. TRADING ACTivinES The Ruskln Glass Centr• Limited The charity owns the whole of the share capital of The Ruskin Gla8s Centre Limrted {r8gi%tered no.. 040821191. which deals with the cornmercial letting of units comptfjsing part of the Gksshou5e College site in Stourbridge. Its trading results for the year, as extracted from the financial statements. ar8 8Lwnrnarised below.. 31.8.25 31.6.24 Turnover Administrative expenses 115,782 107328 139,481 116,805 Retained profft Sharehold8r8' funds Transactions wth the paipnt undertaking, elimin8led on consolidation. includ? man8gemenl charges of £10,80012024- £10.800} included in administrative expenses. Page 32 Continued.....

RUSKIN MILL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS- ¢ontinu0d FOR THE YEAR ENDED 31 AUGUST 2025 24. INCOME FROM SUBSIOIARIES. TRADING ACTIVJTIES - continued Academy of Makers Llmlted The charity owns the whole of the Share capital of Acatlemy of Makers Limited {regislered no.. 06110134) whth de81s with th8 ¢ornmercAI letting of units and operated a cafe at the But¢her Works site in Sheffiekl. Its trading resulis for the year as extracted from the auditgd fin8n(¥al statswnents are summarised below: 31.8.25 31.8.24 Adfftinistralive expenses Other operaling income {237,221) (94,67n 70.327 R8tain&d loss 28.058 Shareholders. funds 236.448 There were no transactions Mth th8 parent und8rtaking in the ye¥ P024- none). Th• Lrf• 5cipnce Trust The charity is the sole fflember of The Life Science Trvst Ir8gistsr8d no.. SC140925. chaiity numw. SC020705)). a company limited by guarantee and registei8d in Scotland. Its resuks for the year. as extracted from Ihe financigl statements, a￿ $ummari8ed bek)w'. 31.8.25 31.8.24 Charitablè income Charitable expend51ure (kne[rIan￿ costs 4,403 {23,668) (255) N8t expenditure Fund8 ¢arr*d foThward 35.503 Dumg the year ￿derf 31 August 2023 the property assets and much ofthe onslte athiitlos of The LKe Saence Truslweretransferred by means of a gifttr) Ruskin Mill C6ntrofot Re¥earch. a felk)wBubsidiary {see below). Page 33 Continued.....

RUSKIN MILL LAND TRUST NOTE5 TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 AUGUST 202 24. INCOME FROM SUBSIDIARIES. TRADING ACTMTIES- continued rir Cerfdwen This company (registered no.. 12149016, eh8rity number.. 119227415hares trust88s in common wr Ruskin Mill Land Trust. During Ihg yaar ended 31 August 2024, Ty'r Erthin Fam. a freehold property in W8les, was transferred lo thi5 compary from Ruskin Mill Land Trust and rt started trading. Its resuhs for Ihe year, as extracted from the finanaal slatements, arè $ummarised bekw.. 31.8.25 31.8.24 Charitable income Investmeftl income Charitable expendrture CovemBnce costs 450,¢)00 18.380 19.0001 18,931 (8,9731 Nel expendilure Funds carried forward 454,744 Ru¥kln Mill Centre foT Practlee This company (registered no.. 12660597, charty nUrn￿r= 12124801 started trading In thè year ended 31 Augus12023. taking oveT some o1th8 edi￿110n81 work fromth¢ patent charty. Itobtained charttable status during the year ended 31 August 2025. Its results for the year, as extracted from the finana81 statements. ar8 summarised bekn¥'. 31.8.25 31.8.24 Tumover Cost of sales 1,657.119 1271,276 1,457.631 Gross SUTpIus Admini51ratiV6 8xpenses 385,843 365 843 531,945 531,945 Retained profftlllossl Ros8rves 41,157 41,157 Ruskln Mlll Centr• lor Resear¢h This company (registered no: OB871318, charity number.. 11837991 shares trusteos in common with Ruskin Mill Land Trust and foTfnS part of tha group. During the year ended 31 August 2023, freehokj property was transfarr8d to this company from The Life Science Trust, a f8llow subsidiary {$ee above). The group's resgarch actfvities ￿ earrled on via this cornpany. 118 resuts for the year. as extracted from the finanrAal statements. are summarised below.. 31.8.25 31.8.24 Investrnent incomg Charitable expèndlture Govemance costs 40.787 140,004) 11 9151 36.3DO {11,150) Nel expenditure Funds carried forwwd Page 34 Continued.....

RUSKIN MILL LAND TRUST NOTES TO THE FINANCIAL STATEMENTS - eontlnu•d FOR THE YEAR ENDEO 31 AUGUST 2025 INCOME FROM SUBSIDIARIES. TRADING ACTIVITIES - ¢ontlnuod Emerson College Trust LImIt￿l As stated in the Report of thè Trustees, this company Iregislared ￿.. 00908985, charity numbar 3121011 joined Ihe Ruskin Mill Land Trust group on 10 October 2024. Its re8uK8 tor th8 y88r, 8$ extracted from th6 financial stat8monl8, are summarised bebw.. Period 11.10.24 Period 1.7.23 31.8.25 10.10.24 Income Charitsble expendli ure Govemanc4 costs 1,886,815 1.792.840 1827,922) 11.487.557) 883.￿6 Nel incomel(exp8Th1tture) 155.527 Funds carriBd foNRrd 2042917 1887.3 Em¢rnon Colleg• Enterprl$es Limlted Thi8company Iregislgred no: 10534903) Is awhdty-ownad Ir8ding subsidiaryof Emerson Coll8yéTw$l Limited and joined the gioup al thè same time as its parent compary. Its resulis fw the yew. as extracted from th6 financial slatemènts, are summarised below.. Pertod 11.10.24 Pgrlod 1.7.23 to 10.10.24 31.8.25 Tumover Cost of sales 1.865 Gross1053 Administrative axpenses Olher operaling income (6,5831 (19.7331 4,945 17.861) Ret8Sned profiV(knssl 6.100 SharelK*lders' funds 27,470 Hellos Tru$t As stated in thè Report ol the Twslees, this company Iregislered no.. 03270088. charity number.. 10593021 joined the Ruskin Mill Land Trust woup on 29 August 2025. Al that date and at 31 August 2025, Ihe t¢)tsl lunds of Ihe comp8nywere £638.189. The nel assets of Helios Trust are induded in the group acC￿nts for th8 yèar. Page 35