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← Martha Trust

2024-12-31-accounts

Registered number: 03467406 Charity number: 1067885

Martha Trust

(A company limited by guarantee)

Trustees' report and financial statements

For the year ended 31 December 2024

Contents

Page
Reference and administrative details of the charity, its trustees and advisers 1
Chairman's statement 2
Trustees' report 3 – 17
Independent auditors' report 18 - 21
Statement of financial activities 22
Balance sheet 23
Statement of cash flows 24
Notes to the financial statements 25 - 44

Martha Trust {A company limited by guarantee) Reference and admlnlstrative detalls of the Charity, Its Trustees and advisers For the year ended 31 December 2024 Trustee Roger Walton, (Chairman) John Quin Robert Sparkes Georgina Hovey Richard Pitt Rebecca Pryse Company registerad numb•r 03467406 Charfty r8gl8t•r8d number 1067885 Reglsterod offlce Homomead Lane Hacklinge Deal Kent CT14 OPG Company Secretary Julle Gayler Chief executlve offlcar Julie Gayler Independent audltor8 Kreston Reeves LLP Statutory Auditor Chartered Accountants 37 St Margaret's Street Canterbury Kent CT12TU Banker8 Barclays Bank PLC 9 St George Street Canterbury Kent CT12JX Sollcltors Girlings Solicitors LLP 16 Rose Lane Canterbury Kent CT12UR Senlor managoment team Claire Rogerson, Director of People and Culture Alice Moir. Director of Fundraising and Marketing Kelly Hutchings, Associate Director of Finance Phillip Linkin, Senior Registered Home Manager- appointed 5 July 2024 Owen Nolan, Strategic Health and Social Care Lead - resigned 5 July 2024 Page 1

Martha Trust (A company limited by guarantee) Chairman's statomont For the year ended 31 December 2024 The chairman presents his statement for the year. This is my first statement as Chairman, having taken over the role from Humphrey Clarke in December 2023. Humphrey served as Chair for 12 years and successfully led Martha through many challenges during that time. All those involved with Martha. be they staff, trustees, parents or sUPPOrters are hugely grateful to Humphrey for his leadership and commitment to Martha, and l am very grateful that he has agreed to continue to serve as Board member. As I write this statement, reflecting on the past year, given the wider economic situation and the impact this is having on the care sector, we have much to be thankful for. The pressure on the budgets which local authorities and the NHS are grappling with has inevitably impacted on the funding available to support those needing our care and has created some challenges for us. Equally, costs to Martha of providing appropriate levels of care continues to rise, as Martha is not immune to the cost pressures facing the wider economy. That said, l am struck by how much progress we have made over the year in responding to these challenges in both managing costs and improving our income streams, as we seek to ensure that the fees paid by the various funders meet in full the cost of the high-quality, person-centred care that Martha prides itself on. The Senlor Management Team (SMT) should be commended for the work they have undertaken over the past year or so, focusing on the specific indlvldual care needs of each re8ident and then challenging funders to adjust the fees paid to ensure that the care our residents need and deserve is properly funded. This painstaking work has, over the year, led to a significant improvement in the overall financial position at the year end compared with where we were in 2023, and we are therefore now able to look to the future with much greater confidence that we will be able to maintain and meet the care needs of our residents. That said, there are still many challenges ahead,- work to ensure that fees paid meet the costs of care provision continues, recruitment and retention remains a challenge at both sites as we continue to seek to reduce dependency on agency staff, and we continue to work to address the feedback provided by the CQC following the inspections of Mary House, our home in Hastings, in 2022 and 2023. Promoting the work of Martha across the wlder communlty is of course a vital part of ensurlng support for what we do both in terms of raislng funds and in encouraging and enabling volunteer support. It is good to note therefore that this has been an exceptional year in terms of fundraising, with the Music on the Farm event in June and the Rome or Bust car challenge in September both exceeding our most optimistic expectations as to funds raised. We are all grateful for the hard work and dedication of all those involved in arranging these and the other prornotional events held through the year. Volunteers at both Hastings and Hacklinge need also to be acknowledged, as they help to maintain our grounds and provide a welcome environment to be enjoyed by our residents, their families, and staff. We therefore look forward to 2025 with renewed optimism, founded in the faith we have that the Lord will continue to guide and protect Martha, so that we can continue to provide for the needs of our residents. Roger Walton Chairma Page 2

Martha Trust (A company Ilmlted by guarantee Trustees. report For the year ended 31 December 2024 The Trustees Iwho are also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial Statements of Martha Trust {the charity) for the year ended 31 December 2024. The Trustees confim) that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's goveming document and the provisions of the Statement of Recommended Practs'ce (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Publlc Beneflt Purpose We are an established regional charity, formed in 1987, providing residential care to adults wth profound physical and multiple leaming disabilities (PMLD). We are passionate about delivering person-centred care, enabling the individuals we support to achieve their highest level of independence and lead a fulfilling, contented and meaningful life. We achleve this by.. recognising and fespecting people as unique individuals. encouraging and supporting everyone to be involved and engaged in the world around them, promoting good health and holistic well-being. Our health goals are to reduce and prevent unnecessary hospital admissions and to prevent delayed discharges. We achieve this by.. havlng individual care and support plans for people, recognislng best practice and how we can support them with our nursing teams. developing a discharge plan on admlsslon and acting as advocates for the residents, v￿l￿being while they are in h05Pital. We believe that people with PMLD have the right to make choices about thelr lives as well as the absolute right to privacy, dignity and respect. They are encouraged and assisted to engage where possible in activities within their local community. Our residential services are supported by a team of in-house care professionals as well as extemal specialists in health, person-centred planning, communication and physiotherapy. Our Mission is to offer compassion. friendship and encouragement to people V¥ith PMLD, supporting them to lead a full and contented life. Our Vision is for everyone with profound disabilities to be given the very best opportunities in life, enabling them to engage in the world around them and achieve their individual potential. Our Values are: To treat everyone with respect, dignity and compassion To always be supportive and encouraging To promote a culture of inclusion and diversity To act with integrity and honesty at all times To champion the needs and rights of people with profound rjisabilities While Martha Trust is driven by Christian values, we offer care and support to people from all faiths and backgrounds. We employ staff based on their skills and experience and do not discriminate on grounds of faith. gender, age, ethnic origin, disability, marital ststU5, race, nationality or Sexual orientation. Page 3

Martha Trust (A company limited by guarantee Tru8to8s' report (contlnuod) For the year ended 31 Decomber 2024 b. Our 8tratogic aims Be an outstanding provider offering high quality seNices and support for the people we support. Generate sufficient fee and fundraising income to ensure ongoing financial viability. Operate an effective and efficient charity. Be an employer of choice in aur local area. Enhance our links with community to the benefit of our residents c. Our strategic objectlves for 2022.2024 Ob'ectives su in each Strate Be an outstanding provider offering high quality services and support lor our residents. 1.1. Understand the needs of the re3idents we serve and ensure we can evidence the Impact of our senlices. 1.2. Ensure our senjices are safe, effective, caring, responsive and well-led. 1.3. Working closely with CQC and local authorities; to be outsianding In clinical expertlse with an emphasis on residents needs, Generate sufficient fee and fundraising income to ensure ongoing financial viability. 2.1 Ensure fee income for each resident 19 sufficient to fully cover the cost of their Individual care need8 2.2 Grow and sustain voluntary income. 2.3 Maintain efficient stsffing levels and costs and limited use of agency staff. 2.4 Ensure value for money by applying principles of economy, efficiency and effectlveness. Operate an effective and efficient charity. 3.1 Ensure our organisation is well-governed and that our strategies, plans and budgets are allgned. 3.2 Maintain effective risk management to aid and inform deci5ion-making. 3.3 Measure impact and outcomes in line with our Mission. Be an employer of choice in our local area. 4.1 Support, develop and manage our staff in the achievement of our objectives. 4.2 Foster a culture where individuals of all backgrounds feel confident to be themselves, and are included and empowered. 4.3 Continue to evolve our 5trateglc approach to recruitment and retention. Enhance our links with community to the benefit of our ￿SIdents. 5.1 Identify and take advantage of opportunities to support residents to be actlve members of the local community. 5.2 Develop initiatives to engage wlth our local communities, promoting the work of Martha Trust and way5 to support the chaTIty. 5.3 Identify and promote volunteering opportunities to individuals, businesses and local groups. The above objectives are in the process of review Prior to the development of a formal Strategic Plan for 2025- 2027. Some initiative5 and projects to deliver the objectives above are already live and will continue to evolve during the lifespan of the new Strategic Plan. For the purposes of this Report, the annual performance will be measured against achievements relating to objectives of the 2022-2024 Strategic Plan. Page 4

Martha Trust (A company limited by guarantee) Trustees, report (continued) For the year ended 31 Dacomber 2024 d. Activities for achievlng objectlves strate The biggest challenge5 in delivering against our strategic aim5 in 2024 have been the continuing effects of the cost-of-living crisis. combined with the under-funding that has become systemic in the sector and is widely publicised in the national press and by Service provider membership groups. These groups have been representing the views of the care sector through a programme of lobbying in response the government's autumn budget announcement of an increase in the Employer National Insurance Contributions from 13.80k to 150A, from April 2025 and the reduction in the threshold from £9,100 to £5,000 per employee. These measures, together with the increase in minimum wage, viill materially increase our costs. Martha Trust strives to be an organisation that adapts and evolves to meet the inevitable challenges posed by external forces. During 2024 our focus has been on implementing new strategies to counter funding shortfalls. A robust process of reassessment and strong, evidence-based fee challenges have led to an encouraging number of funding increases, which have been instrumental in the improvement in our overall financial position compared to 2023. However, our focus on this process will need to be maintained to ensure that the funding vrfe receive continues to meet the needs of those we support, Alongside fee challenges, costs across the organisation have been subject to ts'ght budgetary control. with reductions made wherever possible a$ a consequence of the improvements in our budgetary control processes. As shown below, the financial challenges faced this year have not dete￿ed Martha Trust from meeting the vast majority of our other strategic objectives around service quality, community engagement and staff retention and recruitment. By recognising the complex needs of those we support, we acknowledge the responsibilily have in ensuring that we protect the long-tenn sustainability of the organisation and can provide residents with the caring home for life that they deserve- and vthile doing so set new industry standards of excellence. We are passionate about supportlng people wth PMLD to lead a full and contented life. We achieve this by recognising and respecting people as unique individuals, encouraging and supporting everyone to be involved and engaged In the world around them and promoting good health and holistic vRII-belng. Families We conts'nue to be committed to working alongside families, recognising their wealth of knowledge, listening to feedback and ideas to improve the experience for those involved and create meaningful relats'onships for the benefit of everyone. Wirtual family forums Continued during 2024, enabling family members from both Martha locations to interact, share views and experiences and develop their owm support networks. Social media has proven to be invaluable in enabling families to keep in touch, with dedicated Facebook and WhatsApp platforms set up by the families. The re-introduction of face-towface forums will be explored in 2025. Parent Representative Meets'ngs have continued to take place regularly via Zoom. This has facilitated open and transparent communication between the Representatives and the Martha management team, ￿thIch has been vital during a year of unexpected external pressures. One of the many benefits from these meetings, has been that consistent communications to wider family member5 has been far easier to facilitate. The Relatives Gateway provides access for families to areas of Marth3'5 electronic care plan system, PCS. enabling them to keep up to date with the care and activities of their loved ones. This is available to the families of all residents but will be replaced by an updated service in 2025, accessible through an App and with some new features. Page 5

Martha Trust {A company limited by guarantee) Trustees. report Icontlnued) For the year ended 31 December 2024 The family feedback questionnaire was sent out to all families- 35 in total. We re￿iVed responses from 25% (9) of the families. This is slightly doMI on 2023 when 320A replied, compared to 230kn of families responding in 2022, in 2021 a fifth offamilie5 responded and a quarter of families in 2020. Although the response rate is a little disappointing with only a quarter responding, it is on par with previous years. And when we consider the other mechanisms we have in place for families to expres5 their views, which we know they utilise, we are confident that we have a good understanding of the views of our families. Many of our families frequently attend the family forums and are encouraged to raise issues, concerns or positive feedback directly to the Home Managers as and they need to, as well as utilising the Parent Representative group. The family questionnaire plays a part in the review of our care services but isn't to be used as a stand-alone. Family members are recruited to sit on Trustee-led committees when their experience is identified as being of value. This include8 the Care Improvement Committee (CIC) and Audit & Finance Committee, both of vthich have benefited enomiously from the skills and different perspectives brought to the discussions by the families of our residents. erations The CIC, attended by a clinical Trustee and two family members ￿th cllnlcal backgrounds, continues to provide valuable support lo Martha Trust. A new review process discu55ed Y￿thin this Committee VRS introduced and has had a positive impact on some of our applications for increased fees. The new review paperwork discussed and designed with input from the CIC is now sent lo the funding authority, so they have a greater understanding of the resident before VR meet, induding any changes in their needs. Our Quality Assurance Framework continues to evolve and improve, PCS providing excellent data for quality assurance. Being able to interrogate the PCS system enables us to send Lletailed information to Commissioners of our service5 to support lunding requests and evidence changes in need. Recording ha8 significantly Improved since the digitalisation of Martha Trust. The PCS technology streamlines the process of recording daily care and the review of risk assessments and resident needs. The Electronic Medication Administration Record (eMAR), which integrates with PCS and provides a safe, efficient system, has been proven to reduce medication errors. It has also been useful in providing evidence to local safeguarding teams and ensuring Compliance wth the Medicines Optimisation Team, who advise on our medicats'on processes. A joint clinical and organisational govemance meeting is heSd six weekly involving all managers across Martha Trust. It is guided by the CQC regulation 17 for Govemance. encompassing the Regulations for Service Providers and Managers under the Health and Social Care act 2008 and 2009. From a clinical perspective the meeting focuses on audit results, ratification of new or updated policies and procedures, as well as any improvements necessary following inspections, for example by CQC and the Fire Service. Continuous Improvement Plans (CIP) fomi the basis of improving the quality of the services VR offer. Each site has a CIP based on the CQC Key Questions and Quality Statements. CIPS have been regularly updated during the year to include areas of improvement highlighted in stakeholder questionnaire responses, audits and CQC inspections. Focus is also placed on any areas rated as Good by CQC at the last inspections, with a view to achieving Outstanding. This rolling plan ensures we can react quickly to areas of concern or innovative ideas, put more robust govemance in place and evidence our ethos of being a leaming organisation. Page 6

Martha Trust (A company limited by guarantee) Trustees, report (continued) For the year 8nded 31 December 2024 CIP meetings are held, where recording information to provide appropriate evidence for the CQC Key Questions and Quality Statements is discussed and agreed. Key staff have received training regarding the Quality Statements and the care rnanagement team have a good understanding of the expectations of CQC. The activities teams at both Martha locations continue to lead on delivering per50n-centred activity plans, communication and physiotherapy programme5. PCS provides the plattorm for recording evidence of activities and review of individual plans due to any changes in need or preferences. As always, we are keen to explore opportunities offered by new technology which can enable all residents to communicate more effectively, express themselves, have fun and improve their physical and mental wellbeing. In 2024 we were able to purchase a Thera Trainer Tigo, made possible by a generous donalion. This is a motor- assisted slationary cycling trainer for wheelchair users vthich give8 the residents of Martha Trust an opportunity for physical exercise that they would not othepmse be able to enjoy. Development of the Martha Trust GDPR policy is an ongoing project, with overall responsibility pa55ing to the CEO and Director of Marketing & Fundraising. Progress is now being made on reviewing and updating processes relating to Martha's care seNices and HR processes to ensure ongoing compliance with the latest regulations. The operational teams have a working understanding of the GDPR requirements. The Home Managers, Senlor Nurse and Home Support Managers have nhs.net email accounts which enables them to send sensitive personal information to members of the Mults'.Dlsciplinary Teams IMDT'S). We continue to provide monthly informatlon to several CCG Commissioning Support Units on set Key Performance Indicators and are vnrking with other funding authorities to provide more detailed information on the service YR provide. Page 7

Martha Trust IA company limitod by guarantee) Tru8ta88' raport (contlnued) For the year ended 31 D8cembor 2024 Our Peo Recruitment challenges continued to put pressure on staffing teams in 2024, as our ability to compete thtyth pay rates in the wider economy remains a challenge in common with the social care sector more generally. The annual staff questionnaire responses highlighted the negative impact of this necessary decision, with respondents stating they felt underpaid and undervalued. In the period of January 2024 Ihrough to the end of April, there were a total of 14 leavers from the care teams acr05S the organisation. In March 2024 pay increases were announced. Due to ongoing financial constraints pay rates w￿re set at the minimum wage for Support Workers, with increases of 4./0 for other care roles and a 2°k increase for other staff. The reasoning behind this decision wa5 communicated, but not necessarily understood by all Staff. The staff questlonnaire responses were overall less p08itive than previous years. In response to this SMT decided to respond in more detail, taking the ts'me to address each question in more detail over a ten-week period. This enabled further feedback from the team8 and for SMT to share thelr plans and aspirations with the der teams. Alongside the staff questionnaire, values-based supervision5 took place, encouraging people to reflect on thelr interactions with residents and one another, and to provide feedback on the vrfay Martha 5UPPOrts the teams. These were conducted alongside the Values and Empathy training and fit into the wider 8trategy of Martha leading as a valued based, supportive employer. Job based supervisions continued to take place alongside these, ensuring that all staff receive support, appreciation, and guidance on a regular bag19. Assistance for people in the form of food cupboards, fruit and sanitary products continued as did the gifting of vouchers to recognise Birthdays, Easter, and Christmas. Families once again were very generous in providing donations that were used to give all staff a second supermarket voucher prfor to Chr15tmas. Our annu81 staff raffle to celebrate carers week, and the provision of treats over Christmas all provided gestures of appreciation to the teams through the year. An organisational staff and family fun day was again held in the fields of Solley's ice cream partour in Ripple. While the weather led to a smaller turn OLrt than in 2023, feedback from those who attended wa8 again very positive. We V￿re supported by Rapid Relief who provided all who attended with a BBQ. Flexible w0￿1ng agreements were supported from day one of employment when possible, and requests to work hour5 around academic commitments honoured to give people ihe opportunity to pro9￿SS into areas such as nursing. The combination of these measures saw retentlon improve, several leavers returnlng to Martha having explored alternative employment. They also resulted in an increase in employment applications from people working as agency in the homes, The strategies in place to recruit and retain staff saw the staffing numbers gradually increase, especially at Mary House, our home in Hastings, as the year progressed. This in turn led to a slow but steady reduction in agency Use at Hastings. In Deal however, agency use increased as the year went on. This was in part due to movement of staff but was also a result of successful reassessments of residents resulting in increases to supporting hour5. and therefore an increase in staffing numbers to deliver these. This was particularly so with overnight support. To reduce agency costs, overtifne rales continued to be paid at time and a half, and for all shifts worked over contracted hours. This was of benefit particularly to part-time employees. The decision to take this approach will be reviewed in 2025 as staffing levels improve. in the hope that le55 overtime will be required, and further savings can be made. The rota continue5 to be closely managed, and staffing levels adjusted to meet Tesident's needs. Page 8

Martha Trust (A Company limited by guarantee) Trustees. report (continued) For the year ended 31 Decamber 2024 Feedback on the way new starters are inducted was oven4vhelmingly positive, with people appreciating the time given to get to know and understand residents. The shadow period and use of experienced and knowledgeable 'buddies' continues to be well received, setting new staff up to achieve their goals, and become valued members of the team. Our residents, and the Ymy we value person-centred care continue to be the main drivers for our teams and the biggest reason people choose to work here. Training in 2024 continued to be focused on mandatory courses, and specialised training related to medication and resident's requirements. Financial constraints meant hopes to offer additional courses such as intensive communication or Active Support had to be pul on hold, with specrfic medicallclinical courses prioritised to ensure the Safety of new residents, or those who had developed more complex care needs. The roll out of medication enabled Support Workers to take on more responsibility and receive a higher level of remuneration to recognise this. Competencies will be renewed to ensure these skills remain useful and safe. Work continued on a new Code of Conduct, a necessary document to ensure that all extemal stakeholders respect the need for professional boundaries, and behaviour that is respectful and kind. There continued to be some challenging relationships with families, vAth Martha committed to ensuring the resident is at the centre of decision making but also, that staff are protected from unfair or unnecessary criticism. SMT continue to work with family representatives for the good of the homes. Mandatory courses continued to be delivered with a mix of face to face and online delivery, although a higher number of courses moved to online in an effort reduce costs. The ne￿Y written 'Values and Empathy, course was rolled out across the organisation and received ovepMielmingly positive feedback. The session sees people spending time considering language, behaviour and how il feels to have a lack of control over what is happening to you. This course will continue to be delivered to all new starters and will be used a5 a refresher course as needed. In 2025 we intend to move forward with plans to provide training that enhances skills and allows for more resident communication and interaction allowing them to embrace life and engage in the V￿r1d around them. These courses will run alongside the mandatory required training. Although 2024 vrfas a challenging year, that stsrted with financial concems and staffing pressures, SMT shovRd that positivity. determination, and a faith in our cause can lead to a welcome change in circumstances. Julie Gayler continues to lead SMT as CEO, with Kelly Hutchings promoted to Associate Direclor- Finance, and Alice Moir promoted to Director of Fundraising and Marketing. The year also saw Owen Nolan, Strategic Health and Social Care Lead, leave Martha Trust to focus on his life in new pastures, allowing us to V￿lcOme Phil Linkin to the SMT. Phil is a long-standing member of the management team, a registered nurse and brings a V￿alth of knowledge both clinical and operational, that enable him to fulfil his role as Senior Registered Home Manager. As a collective, SMT worked lo challenge funders, support managers to advocate for resident5, establish clear boundaries of respect y￿th families, stsff and external stakeholders and ensure that Martha safeguard the future of the homes and our ability to support residents in a home for life for many years to come. Overall, 2024 ended with improved levels of staff, but also a higher number of staff required to meet the updated needs of people vrfe support. This resulted in vacancies still needing to be filled. Recruitment continues, but with healthier level of interest in Support Worker positions. Plans for 2025 will put retention as the priorty, with a focus on communication. training and regular supervisions. Page 9

Martha Trust (A company limited by guarantee) Trustees. raport (continued) For th8 year onded 31 Decomber 2024 Fundraisin Income raised via our fundraising events programme continues to grow, with our music events and golf days proving extremely popular with our supporter5 and the wider community of Deal. The majority of our events saw grovrth with income from our events series at an all-time high. In September, our annual car challenge saw 13 cars head off to Rorne. This event is a high-profile event often picked up by the media and continues to provide us with great connections with local businesses and develops long tenn supporters. Our strategy for focussing our events around providing an enjoyable as well as a rewarding experience is proving the right focus for our charity. Where possible al80 aim for our fundraising events, especially our music ones, to be accessible and inclusive. General Income was down on farecast, but thls is a reflection on the challenges facing the charity sector as a whole and the impact the cost-of-llvlng crisis is having on general fundraising, We continue to bulld on support from local buslnesses and nurture relationshlps, we 8aw growth in Support through sponsorship of our events programme, volunteering and gifts in kind. Our profile in the local communities within which we work continues to grow and we are spreading awareness further into Kent and Sussex. We continue to build good foundations in the Hastings area with key community groups. Our social media strategy continue5 to gather momentum with our Facebook followers up 70A, Instagram up 130A on 2023, Linkedln up 16¢h. The only exception to this vrfas X where saw a drop of 3.4%. Our social media is a great tool in promoting our fundraising activity, sUPPOrt for Martha. as well as raising awareness of profound disability. Our fundraising team was the equivalent of 2.54 full time roles in 2024. Core Grant Income Our core grant income stream, which focuses on securing core funding support from Trust5 and Foundations proved to be the most challenging area of lundraising for us in 2024. We ended the year 20% under forecasted income. In 2024, our aim was to secure core funding towards items we have to pay for as a charity. We focussed our core approaches this year around activities, Person Centred Software, replacement hoists and fundraising events costs. Restricted A eals In 2024. we had a small number of restricted projects. We completed our appeal this year, for a THERA trainer. The THERA Trainer Tigo is essentially an exercise bike designed specifically for people with limited mobility. A number of restricted donations were received for us to enhance our garden5 at our Deal homes, with a large grant to support a volunteer day by a team from Swiss Re. Page 10

Martha Trust (A company limlted by guarantee) Tru8tees' report (continued) For the year ended 31 December 2024 Achlevements and erforman Key financial perfomiance Indicators Martha Trust had another challenging year in 2024. The adult social care sector continued to suffer the effects of the cost-of-living crisis, combined with the under-funding that has become systemic in the sector and is widely debated within the national press and service provider membership group5. We have to report that once again the annual fee increases received from our funders were insufficient to cover the full extent ofthe cost pressures we faced. Inflationary fee increases we received for 2024 were on average only 2.7% (2023". 2.9%), compared to the 2.5% increase in the Consumer Price Index, a 9.8% increase in the National Living wage and wider inflationary pressures in the economy. It is unclear how National and Local Government envisaged this gap would be filled. Total income was £7.2 million (2023.. £6.6 million) and the surplus was £158,686 (2023 deficit: £451,715). Room occupancy ￿1¢h has a direct impact on income decreased to 92.6% compared to 94.90h in 2023, due to the sad death ofthree residents during the year, two other residents moving on to other placements and the time lag to fill resident vacancies caused by necessary assessments required by funders. Over the last six years, the full rate of National Living Wage has risen by 46.1%, from £7.83 per hour in April 2018 10 £11.44 per hour from April 2024. None of our funding authorities have increased their fees by anything near 46.1% over that six-year period. The mismatch bethen increases in the National Living Wage and inflationary fee increases clearly means a gignificant gap in funding because approximately 700kn of our costs are staff costs. This funding gap is further exacerbated by increases in Employers, National Insurance cost5 announced in 2024. It is notable Ihat the Government, having set the National Living wage each year, did not recognise a need to properly compensate through fees those organisations that are, like Martha Trust, largely publicly funded. Marketing of care 5ervlces is still generating new care enquiries. We are further building on relationships with stakeholder authorities that resulted from marketing activity in recent years. We continue to engage with local Social Care and NHS funders, to enhance relationships with them at both of our location3. The level of new care enquiries in 2024 continued to be encouraging. This is, as in previous years, partly due to our profile being raised through marketing and partly due to a sustained and particularly high level of demand in a time of shrinking service provision In South East England. We have a continuing system of expenditure monitoring and control and a rigorous budgeting process. We negotiate with existing suppliers as well as potential new suppliers to source goods and Se￿iceS at the best POS5ible price. Although there continue to be increases in costs, we have achieved efficiencies across the organisation where this was possible. Having said that, we suffered cost increases that we are unable to control as outlined above. The year ended with the following results.. Total income £7.24m (2023: £6.57m) Expenditure £7.09m (2023.. 7.03m) Surplus £0.16m (2023 deficit.. £0.45m) Percentage c05t5 of management and administration 7.5% (2023.. 8.3Pk) Occupancy 92.6% {2023'. 94.9%) Balance Sheet total funds £4.78m (2023.. £4.62ml b. Review of activities There were Six new residential placements during the year. The respite service wa5 suspended in March 2020 due to Covid-19 and remains closed. Enquiries from families and clinical professionals seeking a possible placement continue to be at an encouraging level and residential rooms are very much in demand. Page11

Martha Trust (A company limited by guarantee) Trusts88' report (continued) For the year ended 31 December 2024 . Investment policy and porfomiance The investment policy agreed by the Trustees is to place funds in cash deposits on fixed and short-term arrangements but with the primary objective of ensuring Martha Trust's cash flow requirements are met. d. Factors relavant to achieve objectlvas Our staff team worky as seamlessly as possible to ensure that occupancy is maximised, and that care is provided to not just meet residents, needs but to make a real difference to their lives. Some of the major challenges are outlined in a later section of this report, but we ensure that everyone has their needs regularly reassessed and that full and comprehensive care plans, risk asse55ment3 and other important documentation are in place and regularly updated in support of our objective to ensure Dur servlces are safe. effective, caring, responsive and well-led, Financlal revl . Golng concern The adverse impact on our overall finance5 of underfunding from our major funding authorities and high staff vacancies, resulting in substantial agency cost, were understandably a cause for concem. Work has continued during 2024 to address these issues and, consequently, the Trustees are confident that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statement5. Further details regarding the adoption of the going concem basis can be found in the Accounting Policies. b. Financial ri8k managemont obJectlVOs and policies Financial risk Is minimised in severel ways by Martha Trust. The ways manage risk include seeking adequate fees for residents, effective cost control and proper appraisal of any developments. Through our policies and procedures our financial risk management is embedded in our organisational culture. c. Prlncipal rl•kg and un¢ertalnt108 In common with many providers of social care and health services, Martha Trust faces risks and uncertainties regarding the sustainability of fee levels in the long term. As noted above there have not been sufficient fee increases to cover cost presSU￿S in full, particularly wage increases. Costs in the care sector are rising faster than general inflation. Regulation and good practice have caused notable cost increases as we need to spend more on maintaining and enhancing the quality of care. The Trustees have always believed it is absolutely correct for stakeholder5 to have confidence that our service is safe, effective, caring, responsive and well led. Securing funding for the essential spending that 13 increasingly required remains very challenging. As mentioned in a. above, stsff vacancies and the impact of agency cost are another concern. Staffing costs continue to be impacted by increases in National Living Wage (NLW). Although some funding authorities have increased fee levels, those increases do not coverthe increase in wage costs. This results in continued pressure on resources and a greater challenge in maintaining financial stability- As mentioned above under Strategy, the increase in the rate of National Insurance Contributions and the reduction in the threshold will have a material impact on our costs and we 8wait responses from funding authorities. As also mentioned in a. above, inadequate fee increases remain of concern. In recent prior years our largest funding authorities have provided low, or even no, increases. Although the signs after the Balance Sheet date for 2025 increases are rather more encouraging, they still do not fully take account of the inflationary situation. However, the financial impact has been reduced by regular reassessment of resident, needs, leading to a significant number moving across to NHS funding. In addition we have developed relationships with funding authorities where in previous years these did not exist. By working to resist pressure on fee5, nurturing relationships with stakeholders, increasing the number of rooms and by maximising our bed occupancy level we continue to meet risk wth concerted action and therefore safeguard the future of Martha Trust. Page 12

Martha Trust (A company Ilmlted by guarantee Trustees, report (continued) For the year ended 31 December 2024 d. Princlpal funding The main source of income for Martha Trust is from contracts with local authorities and NHS ICBS. Since Martha Twst provides care for people drawn from all parts of the UK, the charity has cultivated and maintained a Y￿de range of relationships. In addition. Martha Twst has, over several years, developed a marketing strategy specifically for its care services that has broadened its reach, enabling it to source placements from a greater number of authorities. This will help to maximise overall occupancy levels and therefore fee income. Alongside thi5 strategy we are working more closely with Sussex ICB as well as with Kent & Medway ICB to source a higher level of placements from local areas. Fundraislng income finances some of our capital expenditure including developments within our homes like new rooms and specialist equipment, as well as providing some unrestricted funding. Other than fees for services, no income is received from any statutory sources. We are also grateful for the vital contributions by our supporters who help Martha Twst provide the level of service and care that we are all committed to. Without this support it would not be possible for the charity to continue to undertake its current level of service provision. We believe that giving to charity should be a positive experience, and to help make sure this is the case the charity has put in place a policy that seeks to ensure the highest Possible standards of fundraising practice are being adopted. This policy acknowledges the damaging impact an excessively aggressive approach to fundraising can have on vulnerable people, whether from unreasonably persistent approaches being made or undue pressure to give being applied, and great care is undertaken to ensure that such practices are not adopted by the charity. The charity voluntarily subscribes to the Fundraising Regulator and complies Kfjth all aspects of its Code of Practice as well as ensuring its fundraising acts'vity follows the principles set out under GDPR. Fundraising activity is predominantly carried out by our own in-house team and volunteers. The charity does not utilise the services of any extemal commercial fundraisers for general fundraising purposes. However, during 2024, Martha sought support from a Fundraising Consultant for the purposes of its strategy and appeal approach to Trusts and Foundation8 Martha welcomes feedback on it$ fundraising approach and seeks to make improvements wherever It can. Any complaints received in respect of our fundraising activities are taken very seriously and are acted upon immediately. We are pleased to report that during the year no complaints were received in respect of our fundraising activity. e. Materlal Invostments poIIcy We do not participate in material investments. Page 13

Martha Trust (A company Ilmltod by guarant80) Trustees. report (continued) For the year ended 31 Dac8mber 2024 Structurei governance and management a. Constitution The charity is registered as a charitable company limited by guarantee and was set up by a Trust Deed. The principal object of the charity Is to provide residential or 'inclusive care,, for people with profound physical and mults'ple learning disabilitie5 {PMLD), as well a5 respite services and support to families caring for people with PMLD. b. Method of appolntment or alectlon of Trusteol The management of the charity 18 the responsibility of the Trustee$ who are elected and co opted under the terms of the Trust deed. c. Policles adopted for the Induction and tralnlng of Trusto88 For all new Trustee5 we undertake an induction programme using the guidance from the Charity Commission under the heading of good governance. We discuss with them the seven principles of the Charity Governance Code.. Organisational Purpose Leadership Integrity Oecision making, risk and control Board Effectiveness Equality, Diversity and Inclusion and Openness and Accountability This ensures that they have a full understanding of their responsibilities. In addition, new Trustees will attend seminar on their responsibilities by a charity firm during the first year of their Trusteeship at Martha Trust. New Trustees will also be allocated an experienced Trustee to guide them in their first six manths of Trusteeship. d. Pay pollcy for Sonior Staff The Trustees can claim reasonable travelling and other expenses properly incurred by them in connectlon with their attendance at meetings ol Trustee Board, Committee or General meetings, or othemise in connection with the discharge of their duties but are not paid remuneration. Some Trustees choose to donate their expenses back to Martha Trust. All salaried roles at Martha, including those of the Directors and Chief Executive Officer, have been evaluated based on comparator market data by an independent HR consultancy, TRP Lld, specialising in remuneration and reward issues. e. Organisatlonal structure and deci51on making At the year end the Board of Trustees consisted of seven Trustee5, who are also Directors of Martha Trust for the purposes of company law. The Senior Management Team consisted of the Chief Executive Officer. Director of People and Culture, Director of Fundraising and Marketing, Associate Director of Finance and Senior Registered Horne Manager. There are four full Board Meetings per year, plus at least four Audit & Finance Committee Meetings. The Care Improvement Committee meets quarterly and has one Trustee and two Family representatives. The Health & Safety Committee meets quarterly and is chaired by the Chair of Trustee5. Page 14

Martha Trust (A company Ilmlted by guarantee Trustees, rnport (continued) For the year ended 31 December 2024 In terms of financial control, revenue and capital budgets are prepared for the forthcoming financial year and the Audit and Finance Committee considers the budgets prior to the start of that year. Once agreed, budgets are presented to Trustees for approval. Additionally, regular forecasts are prepared and reviewed during each financial year. The budgets and forecasts are the comerstone for financial operations during the year. The CEO currenlly holds the CQC registration for the Hastings site, with a Home Manager responsible for the operational management of the home, who is going through the registration process. Registration for the Deal site is held by the Senior Registered Home Manager (SRHM) who also provides clinical advice and support to the Hastings home management team. All new care policies or changes to existing care pollcles are reviewed and approved at the organisation Governance meetings, vthich involve the SMT and management teams across all functions. f. Rlsk management The Trustees have assessed the major risks to which the charity 18 exposed, in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major Tisks. Plans lor future erlods . Future developments The challenges faced during 2023, most importantly the ability to negotiate appropriate fees against a backdrop of financial pressure on commissioners, and the impact of the ongoing national recruitment crisis within the adult Social care sector, have remained during 2024. Delivery against key objective5 of our three-year strategic plan will involve the new strategles now in place to counterfunding shortfalls. These include regular reassessment of residents, needs and approaches to funders to fully fund those needs, together with robust challenges to inadequate annual fee increases. We wlll continue to build on the foundations set to ensure staff teams feel valued, appreciated, and well supported through the entire employee joumey. We continue to explore ways of improving communication and ensuring we listen and respond to feedback from the teams as a way of continually learning and improving, with an aim to be an excellent employer, evidenced by low tumover and high retention levels. We remain committed to ensuring we employ the right people in the right roles, and that we empower them to deliver the hi9he5t standards of care. In line with our strategic aims Set out above, we will also: Continue to be an OLrtstanding provider that others can aspire to by: Demonstrating our understanding of the needs of the residents at Martha Trust and ensuring y￿ can evidence the impact of our support. Ensuring our services are safe, effective, caring, responsive and well-led. Working c105ely with CQC and funding authorities, aim to be outstanding in clinical knowledge and safeguarding with an emphasis on residents. needs. Being a leading provider in our work on communication with people with PMLD through traditional method5 and using the latest technology. Page 15

Martha Trust IA company Ilmited by guarantee) Trustè8s' report (continued) For the year endod 31 December 2024 Generate sustainable funding and maximise resources to provide our residents with the best possible lives by.. Growing, maxiTnising and sustaining statutory, earned and fundraising income. Producing three-year budget plan, incorporating income and expenditure, to live within our means. Ensuring value for money by applying principles of economy, efficiency and effectiveness. Consider new opportunities to increase service provision. but only where the outcomes will contribute to the longevity of Martha Trust Operate a well-governed, efficient organisation, supporting and developing the staff and volunteers who work for us by.. Ensuring our charity is well-govemed with alignment of strategy, business plan and financial sustainability. Managing our quality standards and risks effectively within our regulatory frameworks. Supporting, developing and managing our staff in the achievement of our objectives. Rlsk Pollcy The charity malntalns a risk register which firstly identlfies all rlsks and then has a scoring system to further identify major risks. The organisational risk register is reviewed bi-monthly by the SMT and the Board of Trustees bi-annually. The CEO discusses serious risks with the Trustees and the relevant subcommittees. Reserves Pollcy At 31 December 2023 the Trustees considered it appropriate to set reserves held equivalent to at least four months expenditure for one home which is in the region of £700,000. The actual reserves held at 31 December 2024 were £796,000 vthich is in line with this policy. Romunaration and soclal Investment pollcy Martha Tru$t recognlses the importance of a sound remuneratlon and benefits policy when it comes to attracting and retaining highly skilled and motivated staff. This policy cannot stand still in isolation and must be reviewed regularly in ab501ute terms and compared to other similar organisats-ons to ensure its competitiveness. Staff Should be rewarded in relation to: The level of responsibility and the value placed on Gomparable jobs within the Trust. The value placed on comparable job5 in the local area. In addition to an annual inflation-linked review, regular reviews will be carried out by the Chief Executive in conjunction with the Home Managers to ensure that Martha Trust remains competitive in respect of its pay and benefits policy generally. We do not currently undertake any social investment and hence have no policy for this. Page 16

Martha Trust IA company limlted by guarantee) Trustees. report (contlnued) For the yaar ended 31 December 2024 Trustèe Declaratlon Each of the persons who are Trustees at the time when this Trustees, report is approved ha5 confirmed that.. So far as that TTUStee is aware, there is no relevant audit information of which the charitable company'5 auditors are unaware, and That Trustee has taken all the steps that ought to have been taken as a Trustee to be aware of any relevant audit information and to establish that the charitable company's auditor8 are aware of that infomiation. That Trustee had due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant. The Board of Trustees welcomed the new Charity Governance Code published in December 2020, which has been revisited by the Board following a review of progress by the CEO during 2024. The Trustees consider some of the new requirements of The Code aspirational and thus have faced constraints in immediately implementlng all of Its recommendations. Nevertheless, the Board wll continue to strive for continuous Improvement, exploring possibilities for extending the range of skills and experience of existing trustees, recruiting where any shortfalls are identified. Approved by order of the members of the board of Trustees and signed on their behalf by.. Roger Walton Chairman Date. + A.IL¥Str 2olf Page 17

Martha Trust

(A company limited by guarantee)

Independent auditors' report to the Members of Martha Trust

Opinion

We have audited the financial statements of Martha Trust (the 'charity') for the year ended 31 December 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 18

Martha Trust

(A company limited by guarantee)

Independent auditors' report to the Members of Martha Trust (continued)

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report including the Strategic report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 19

Martha Trust

(A company limited by guarantee)

Independent auditors' report to the Members of Martha Trust (continued)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charitable company and industry, and through discussion with the directors and other management (as required by auditing standards), we identified that the principal risks of noncompliance with laws and regulations related to safeguarding, health and safety, Care Quality Commission inspection reports and fundraising practices, anti-bribery and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Page 20

Martha Trust

(A company limited by guarantee)

Independent auditors' report to the Members of Martha Trust (continued)

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Kreston Reeves LLP

Samantha Rouse FCCA DChA (Senior statutory auditor)

for and on behalf of Kreston Reeves LLP Statutory Auditor Chartered Accountants Canterbury

5 August 2025

Page 21

Martha Trust (A company limited by guarantee} Statement of financlal activities {Incorporatlng income and expendlture account) For the year ended 31 December 2024 Unrestricted funds 2024 Rostrlcted funds 2024 Totsl funds 2024 Total funds 2023 Note Income from: Donations and legacies Charitable activities Other income 249,205 6,923,250 25,602 46,742 295,947 6,923,250 25,602 342,436 6,210.067 21,063 Totsl Income 7,198,057 46,742 7,244,799 6,573,566 Expendlturé on: Raising funds Charitable activities 174,783 6,835,349 174,783 ,911,330 243,277 6,782,004 75,981 Totsl expendlturo 7,010,132 76,981 7.086,113 7,025,281 Net movement In fund4b 187,925 (29,2391 158,686 (451,715) Reconclliatlon of funds: Total funds brought forward Net movement in funds 3.986,297 187,925 635,536 129,2391 4,821,833 158,686 5,073,548 (451,715) Totsl fund8 carrlod forward 4,174,222 606,297 4,780,519 4,621,833 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 25 to 44 form part of these flnancial statements. Page 22

Martha Trust (A company limited by guarantee) Registered number: 03467406 Balance shoet As at 31 December 2024 2024 2023 Note Fixed assets Tangible assets 4.523,676 4,691,045 4.523,576 4,691,045 Currnnt as80ts Debtors Cash at bank and In hand 12 739,347 614,958 484,075 800,078 1,354,305 1,084,153 Creditors.. amounts falling due within one year 13 (599,172) (586.081) Net current assots 755.133 498,072 Total assets less current Ilabilitles 5,278,709 5,189,117 Creditors: amounts falling due after more than one year 14 1498.190) (567,284) Total net assèts 4,780,519 4,621,833 Charfty funds Restricted funds Unrestricted funds 15 606,297 635,536 Designated funds General funds Revaluation reseNe 15 15 3,173,377 796.710 204,135 3,278,389 503,773 204,135 Total unrestricted lunds 15 4,174.222 3,986,297 Total funds 4,780.519 4,621.833 The Trustees acknowledge their responsibilities for complying with the requirements of the Act wth respect to accounting records and preparation of financial statements. The financial Statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Roger Walton Chairman Date: + kn -+- 20 The notes on pages 25 to 44 form part of these financial statements. Page 23

Martha Trust IA company limited by guarantee) Statement of cash flows For tha year and8d 31 December 2024 2024 2023 Not8 Cash flows from operatlng actlvltles Net cash used in operating activities 167,754 98,841 Cash tlows from Investlng actlvities Dividends, interests and rents from investments Purchase of tangible fixed assets 125,602) (24,047) 167,093) (171.443) Net cash used In Invostlng activltles 192,696) 1195,490) Cash flows from Ilnancing actlvltle¥ Repayments of borrowing (60,1791 (57,841) Nat ca•h used In flnanclng actlvltles 160,179) (57,841) Change In cash and cash equlvalents In tho year Cash and cagh equivalents at the beginning ofthe year 14,880 1154,690) 754,788 600,078 Cash and cash oqulvalents at tho end of the yoar 19 614,968 600,078 The notes on pages 25 to 44 form part of these financial 8tatement$ Page 24

Martha Trust (A company Ilmited by guarantee) Notes to the financial statements For the year end8d 31 December 2024 General information Martha Trust is a charity, limited by guarantee, domiciled in England and Wales, registration number 03467406. The registered office 15 Homemead Lane, Hacklinge, Deal, Kent, CT14 OPG. Accountlng pollcies 2.1 8asl8 of preparatlon of financlal stat•mont$ The financlal statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. Martha Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The financial statements have been prepared to give a 'true and faiv view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'trust and fair, view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities,. Statement of Recommended Practice effective from 1 April 2005 vthich has since been withdramm. The charity's functional currency is Pounds Sterling. The charity's financial statements are presented to the nearest pound. 2.2 Company status The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. 2.3 Fund accountlng General funds are unrestricted funds whlch are available for use at the discretion of the Trustees in further8nce of the general objectives of the Charity and which have not been designated for other purpose5. Designated funds cornprise unrestricted funds that have been set aside by the Trustee5 for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance y￿th specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 25

Martha Trust (A company limited by guarantee Notes to the financlal statements For the year ènded 31 December 2024 Accountlng pollcles (contlnued) 2.4 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, entitlement is tsken as the earlier of the date on which either., the chanty is aware th8t probate has been granted, the estste has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made. or when a distribution is received from the estate. Receipt of a Segacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity. or the charity is aware of the granting of probate. and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Gifts in klnd donated for distributlon are included at valuation and recognised as income vlhen they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third Party 1$ bearing the cost. No amounts are included in the financial statements for services donated by volunteers. Donated Services or facilities are recognised when the charty has control aver the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the Charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donatlons received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income Is recognised at the tirne the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the seNice. Page 26

Martha Trust (A company limitod by guarantee) Notes to the flnancial Statements For the year ended 31 December 2024 Accounting policie5 (continued 2.5 Expenditur8 Expenditure is recognised once there is a legal or constwctive obligation to transfer economic benefit to a third party, it is probable that settlement will be required and the amount of the obligation Gan be measured reliably. All expendlture is accounted for on an accruals basis. All expenses includlng support costs and governance costs are allocated to the applicable expenditu￿ headings. Fundraising costs are those incurred In seeklng voluntary contributions and do not Include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in 8UPPOrt of expenditure on the objects of the charity and include project management carried out at the Headquarters. Govemance costs are those incurred in connection with administration of the charity and compliance with constitulional and 51atutory requirements. Expendfture on raising funds includes all expenditure incurred by the Charity to raise funds for Its charitable purposes and includes costs of all fundraising activities even15 and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well a5 any associated support costs. Irrecoverable VAT is charged against the expenditure heading for which it was incurred. 2.6 Going concern The charity has a net surplus of £158,686 during the year ended 31 December 2024. The adverse impact of underfunding from our major funding authorities and high staff vacancies resulting in substantial agency cost were a cause of concern for the majority of 2023, however these issues have now largely been addressed. The Trustees have a reasonable expectation that the charity has adequate resources to ¢ontinue in operatlonal existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. 2.7 Gov•rnment grants Govemrnent grants relating to tangible fixed assets are treated 89 defer￿d income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred. 2.8 Tangible flxed assets and dopreclation Tangible fixed assets costing £1,000 or more are capitslised. Tangible fixed assets are carried at cost or deemed cost, net of dep￿CiatIon and any provision for impairment. Deemed cost represents the fair value of certain freehold properties owned by the charity, at the date of transition to FRS 102, 1 January 2014. Under the cost mode, freehold propety will not be subject to further valuations. Page 27

Martha Trust (A company limited by guarantee) Notes to the financlal Statements For the year ended 31 December 2024 Accounting pollcles (contlnued 2.8 Tanglble flxed assets and d8preclation (contlnued) Depreciation is not charged on freehold land. Depreciation is provided from when assets become available for use at rates calculated to wrrte off the cost or deemed cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases. Freehold property Motor vehicles Fixtures and fittings Freehold land 2% straight line 200A straight line 10% _ 200A straight line not depreciated The assets, resldual values, useful Ilves and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date, 2.9 Intèrest recolvable Interest on funds held on deposit ig included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the Bank. 2.10 Operating leases Rentals paid under operating leases are charged to the Stalement of financial activities on a straight line basis over the lease term. 2.11 Debtor¥ Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.12 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.13 Credltors and provlsions Creditors and provision5 are recognised when the charity ha5 a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after alloviing for any trade discounts due. 2.14 Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 28

Martha Trust (A company limlted by guarantee) Notes to the financlal statements For the year ended 31 December 2024 Accounting pollcles (continued) 2.15 Judgom8nts In applying accounting polic188 and key sources of estlmatlon uncertainty The preparation of the financial statements required the Trustees to make judgements, estimates and assumptions that can affect the amounts reported for assets and liabilities, and the results from the year. The nature of estimation is such though that actual outcomes could differ significantly from those estimates. The following judgement has had the most significant impact on the amounts recognised in the financial statements.. The charity has recognised langible fixed assets with a carrying value of £4,523,576 at the reportlng date (see note 11). These a55ets are stated at their cost less provision for depreciation and impairment. The charity's accounting policy sets out the approach to calculating depreciation for immaterial assets acquired (see note 2.8). For material assets such as land and buildings the charity determines at acqui51tion reliable estimates for the useful life of the asset, its residual value and decommissioning costs. These estimates are based upon such factor5 as the expected use of the acquired a55et and market condilions. At subsequent reporting dates the Trustees consider whether there are any factors such as technological advancements or changes in market conditions that indicate a need to reconsider the estimates used. Where there are indicators that the carrying value af tangible assets may be impaired the charity undertakes tests to determine the recoverable amount of assets. These tests require estimate5 of the fair value of assets less cost to sell and of their value in use. Wherever possible the estimate of the fair value of assets is based upon obseNable market prices less incremental cost for disposing of the asset. The value in use calculation is based upon a discounted cash flow model, based upon the charity's forecasts for the foreseeable future which do not include any restructuring activities that the charity is not yet committed ta or significant future investments that will enhance the asset's performance. The recoverable amount is most sensitive to the discount rate used for the discounted cash flow model as well expected future cash flows and the grov/(h rate used for extrapolation purpo$e8, 2.16 PenslonB Ttte charity operates a defined contrlbution pension scheme and the pension charge represents the amounts payable by the Charlty to the fund in respect of the year. Page 29

Martha Trust (A company limlted by guarantee) Notes to the financial statements For the yaar ended 31 December 2024 Income from donations and18gacies Unrestrlctod Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Donations Grants 249,205 11,126 35,616 260.331 35,616 292,254 50,182 Total 2024 249,205 46,742 295.947 342,436 Total 2023 275,138 67,298 342,436 Income from charitable activltles Unrostrlcted funds 2024 Totsl funds 2024 Total funds 2023 Residential and day care fees 6,923,250 6,923,250 6,210,067 Total 2023 8.210,067 6,210,067 Othor Incomlng rnsourc•8 Unrestricted funds 2024 Total funds 2024 Total funds 2023 other 25.602 25,602 21,063 Total 2023 21,063 21,063 Page 30

Martha Trust (A company limited by guarantee) Notes to the flnancial ststements For the year ended 31 December 2024 Expendlture on ralslng funds Costs of ralsing voluntary Income Unrn8trlcted fund8 2024 Total fund8 2024 Total funds 2023 Events and publicty costs Events and publicity costs- glft In kind Legal and professional General office costs Maintenancelutilitieslsundry Salaries to generate income 55,652 66,652 44,757 69,700 2,431 2,186 1,911 122,292 1,869 2,161 2,224 112,877 1,869 2,161 2,224 112,877 Totsl 2024 174,783 174.783 243,277 Total 2023 243,277 243,277 Analysis of expendlture on charitsble actlvltios Summary by fund typ• Unro•trfcted Restrlctod funds fund• 2024 2024 Total 2024 Total 2023 Residential and day care costs 6,835,349 75,981 6,911,330 6,782,004 Total 2023 6,737,282 44,722 6,782,004 Page 31

Martha Trust (A company limited by guarantee) Notes to the financlal Statsments For tha year ended 31 December 2024 Analysis of expendituro by actlvltl88 Actlvllle8 undertaken directly 2024 Support costs 2024 Total funds 2024 Total funds 2023 Residentlal and day Care costs 6,377,663 533,667 6,911,330 6,782,004 Total 2023 6,198,827 583,177 6,782,004 Analy618 of direct CO8t8 Residential and day care 2024 Total funds 2024 Total funds 2023 staff cost5 Depreciation Egtablishment cost8 4,067,042 217,222 2,093,399 4.067,042 217,222 2,093,399 4,051,056 213,374 1,934,397 Total 2024 6,377,663 6,377,663 8,198,827 Total 2023 6,198,827 8,198,827 Page 32

Martha Trust (A company Ilmited by guarantee) Notes to the financial statements For the year endad 31 December 2024 Analysis of expenditure by actlvities (continued) Analysis of support costs Residentlal and day care 2024 Total funds 2024 Total funds 2023 Wages and salaries Depreciation Establishment Costs Travel and subsistence Insurance Maintenance, cleaning and repairs Print, post and stationery Telephone and fax Operating lease rentals and equipment Staff training General expenses Bank charges and interest IT Costs Legal and professional fees Publicity and communications Governance costs 432,116 17,342 76 4,263 4,367 16,455 1,038 1,233 1,170 1,849 1,806 4,775 962 17,910 6,597 21,708 432,116 17,342 76 4,263 4,367 16,455 1,038 1,233 1,170 1,849 1,806 4,775 962 17,910 8,S97 21,708 455,229 17,241 75 5,112 5,780 13,784 2,961 2,032 878 3,328 1,777 3,135 836 52,770 3,635 14,604 Total 2024 533,667 533,667 583,177 Net Incomel{•xpendlture) This Is stated after charging: 2024 2023 Depreciation of tangible fixed assets.. - owned by the charity Auditors, remuneration- audit Operating lease rentals 234,564 230,439 19,086 1,170 12,276 878 Durin9 the year, no Trustee5 received any remuneration (2023: £NIL). During the year, no Trustees received any benefits in kind (2023- £NIL). Trustees received a reimbursement of travel expenses totalling £NIL in the current year, (2023.. £105 paid to one trustee). Page 33

Martha Trust {A company limited by guarantee) Notes to the flnancial statements For the year andod 31 December 2024 10. Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 4,141,579 357,942 112,514 4,154,053 363,743 110,781 4,612,035 4,628,577 No temiination payments were made during the year (2023.. £Nil) included within wages and salaries. The average number of persons employed by the Charity during the year was as follows: 2024 No. 2023 No. Employees 171 173 The number of employees whose employee benefits (excluding employer penslon costs) exceeded £60,000 was: 2024 No. 2023 In the band £60,001- £70,000 In the band £70,001- £80,000 The total salarles received by key management personnel was £315,852 (2023., £296,951), ￿th benefits of £2,194 12023.. £2,357). Employer pension contributions were a total of £14,838 (2023: £13,235) and employer national insurance contributs"on8 vRre a total of £36,227 {2023.' £34,219). Page 34

Martha Trust (A company limited by guarantee) Notes to the flnancial statements For the year ended 31 December 2024 11. Tanglble fixed assets Freehold property Motor Fixtures and vehlcles fittings Total Cost or valuation At 1 January 2024 Additions Disposals 6,260,745 136,462 1,539,445 67,093 (64,456) 7,936,6S2 67,093 164,456) At 31 December 2024 6,260,745 136,462 1,642,082 7,939,289 D•prnclatlon At 1 January 2024 Charge for the year On disposals 1.983,900 116,167 121,305 5,044 1.140.402 113.351 164,4561 3,245,607 234,562 (64,456) At 31 December 2024 2,100,067 126,349 1,189,297 3.415,713 Net book value At 31 December 2024 4,160,678 10,113 352,785 4.523,576 At 31 December 2023 4,276,845 15,157 399,043 4,691,045 Included In land and buildings is freehold land of £716,575 <2023.. 716,575), whlch Is not depreciated. 12. Debtorn 2024 2023 Trade debtors Other debtors Prepayments and accrued income 709,860 6,577 22,910 444,611 8,754 30,710 739,347 484,075 13. Creditors: Amounts falllng due within one year 2024 2023 Barclays Mortgage Charity Bank Loans 26,740 40.902 26,508 32,219 Page 35

Martha Trust (A company limlted by guarantee) Notes to the Ilnan¢ial statements For the year 8ndod 31 December 2024 13. Creditors: Amounts falllng due within one year (continued) 2024 2023 Trade creditors other taxation and social Security Other creditors Accruals and deferred income 172,662 88,266 86,955 185,647 163,036 87,884 66,163 210,271 599,172 586,081 Deferred Income Deferred income as at 1 January 2024 18 £68,802. There have been resources deferred during the year of £104,516. £68,802 has been released relating to deferred Income in previous years. The deferred income as at 31 December 2024 is therefore £104,516. Deferred income is in relation to fees received in advance. Page 36

Martha Trust (A company limitsd by guarantee) Notes to the flnancial statements For the year anded 31 December 2024 14. Creditors: Amounts falling due after more than one year 2024 2023 Barclays Mortgage Charity Bank Loans 59,608 438,582 80,933 486,351 498,190 567,284 The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is.. 2024 2023 Repayable by installments 255,807 337,107 255,807 337,107 The Barclays Mortgage is secured by way of a charge over the charitls land and buildings at Martha House. The mortgage is repayable in installments until 2028 for £86,348. During the year, the mortgage bore interest at a flexible rate of lo￿ over the Barclays Base Rate. Charity 8ank holds a fixed legal charge over the freehold propety that is Mary House in Ha5tings. The fvrfo loans are repayable by way of the folloviing.. Charity Bank loan 2 is repayable in instalments untll 2033 and bears interest at a rate of 4.4%. The outstandlng balance of this loan ag at 31 December 2024 was £323,010. Charity 8ank loan 3 is repayable In instalments until 2037 and bears interest at a rate of 4.4%. The outstanding balance of this loan as at 31 December 2024 was £156.474. Page 37

Martha Trust (A company limited by guarantee) Notes to the financlal statements For tho year ended 31 December 2024 15. Statement of fund8 Statement of funds . current year Balance at 31 D8comber 2024 Balanca at 1 January 2024 Transfers Inlout Income Expendltur8 Unrestrlctod funds Designated funds Designated fixed asset fund 3,278,389 1105,012} 3,173,377 Ganeral funds General Funds Revaluation reserve 603.773 204,135 7,198,057 (7,010,132) 105,012 796,710 204,135 707,908 7,198,057 {7,010,132) 105,012 1,000.845 Total Unregtricted funds 3,986,297 7,198,057 17,010,132) 4,174,222 Rostrlcted funds Frances House Mary House Mary House ICT Mary House Misc Martha House Misc Deal Garden De31 Staff Fund CO￿ Restricted IGrant3) Frances House Misc staff Christmas Fund Thera Trainer Dave Poke Memorial Fund Rainbow Table 230,001 350,000 2.278 8,087 230,001 350,000 12,2781 18,087) (100) (3,023) 11,0491 (47,2991 1,134 1,088 3,050 1,134 986 27 1.000 18,638 540 2,049 30,320 540 2,180 6,760 3,100 231 35,617 2,855 3.000 (4,395) 19,750) 3,100 231 635.536 46.742 175,981) 606,297 Total of funds 4,621.833 7,244.799 17.086,113) 4,780.519 Page 38

Martha Trust (A company limitod by guarantO8) Notes to the financial statements For the year anded 31 December 2024 15. Statement of funds (continuedl statem8nt of funds - prior year Balance at 31 December 2023 Balance at 1 January 2023 Transfers inlout Income Expenditure Unre8trlctod funds Deslgnated fund8 Designated fixed asset fund 3,272,715 5,674 3,278,389 General funds General Funds Revaluation reserve 983,738 204.135 6,506,268 (6,980,559) 15,674) 503,773 204,135 1,187,873 6,506,268 (6,980,559) (5,674) 707,908 Total Unrestrlcted funds 4,460,588 6,506,268 (6,980,559) 3,986,297 Restrlctsd fund8 Frances House Mary House Mary House ICT Mary House Misc Martha House Misc Deal Garden Deal Staff Fund Core Restricted (Grants) Frances House Misc Staff Christmas Fund Thera Trainer Dave Poke Memorial Fund Rainbow Table 230,001 350,000 2,278 6,620 3,237 230,001 350,000 2,278 8,087 1,527 23 2,750 50 50,183 525 3,490 6,750 (60) (3,260) (2,750) 1891) (30,606) 1465) (2,345) 2,890 10,743 480 1,035 2,049 30,320 540 2,180 6,750 3,100 231 3,100 2,576 2,000 (4,346) 612,960 67,298 (44,722) 635.536 Total of funds 5,073,548 6,573,566 {7,026,2811 4.621,833 Page 39

Martha Trust IA company limited by guarantee Notss to the financlal statements For the year ended 31 December 2024 Dosignated fixed asset fund This represents the book value of fixed assets less any associated liabilities and are not deemed to be freely available fund5 by the Trustees. Designated bulld fund The designated build fund represents the charity'5 ovm finanaal investment in the development of Mary House. Frances House In 2007 £230,000 was donated by the Development Trust tovmrds the extension at Frances House which provided three new places. This donation carries a restriclion for a period of 21 years and requires that those three new residents at Frances House must not have previously lived at any other Martha Trust home. The restriction 18 secured by way of a legal charge over the property. In the opinion of the Trustees thls criteria wsll be met and the likelihood of having to repay the money is considered remote. Mary House (i) Thls fund includes a donation of land and buildings in Hastlngs from The Agape Trust in 2004. The use to vthich the land and buildings could be put was restricted by the original donors, Blatchington Court Trust. The restriclion requires Martha Trust to provide homes for a period of 99 years and at any one time at least four residents must be people under 31 years, of thom at least ￿ must be visually impaired. This restriction applies to Martha Trust as a whole and not to Mary House individually. If this restriction is breached £350,000 is repayable to 81atchington Court Trust. In the opinion of the Trustees this criteria will be met and the likelihood of having to repay the money is considered to be remote. These restrictions will be waived on Martha Trust meeting certain criteria. (il) The remainder of the fund represents ongoing donations we have been receivlng for the benefit of Mary House. Martha Houge Thls fund represents ongoing donations we have been receiving for the benefit of Martha House, Deal Staff Fund This fund is for donations received towards staff entertainment. Core restricted (Grant5) This fund has been set up to secure core funding for ongoing costs we face as a charity, such as specialist equipment, training and the cost of providing activities to our residents. Grants Secured from multiple funders. Staff Chrlstmas Fund This fund represents donations from families and Trustees for the purchase of gift cards. Dave Poke Memorial Fund Donations were raised in memory of the parent of one of the residents at Mary House. The family are considering use of the funds either towards a sensory garden or as a bursary for Specialist training to support adults V*ryth PMLD. Page 40

Martha Trust (A company Ilmitsd by guarantee) Notes to the flnancial statements For the year ended 31 Docomber 2024 Mary House Vahicle We successfully fundraised for an adapted vehicle for our home in Hastings, Mary House. This vehicle now plays an integral role in our residents lives, enabling them to go out on an individual basi8 for medical appointments and trips out as an altemative to the use of the communal minibus. Ralnbow Tabl• Our appeal, to purchase Rainbow Tables for our Deal homes proved popular with funders, These interactive touch screen multipurpose tablets are the perfect addition to our activity offering at Martha. And, we successfully ended the year completing the appeal with two grants pending payment and one Rainbow Table purchased. Doal Gardon This fund represents donations made to fund maintenance of the garden5 at Martha and France5 House. Thera Tralnor The Thera Trainer is a piece of physio equipment with a range of benefits such as improved circulation, building muscle tone and bone density and improves the range of movement in residents arms and legs a8 well as being lots of fun to use. Tran8fern During the year, the Trustees have designated funds representing the book value of the fixed assets less any associated borrowings as these are not deemed to be freely available funds by the Trustees. Page41

Marlha Trust (A company limited by guarantse) Notes to the financlal statoments Forthe year ended 31 December 2024 16. Summary of funds Summary of funds . currant year Balance at 31 Dacember 2024 Balance at 1 January 2024 Transfers inlout Income Expenditure Designated funds General funds Re5trlcted funds 3,278,389 707,908 635.536 {106,012) 3,173,377 105,012 1,000,845 606,297 7,198,067 17,010,132) 46,742 175,981) 4,621,833 7,244,799 (7,086,113) 4.780,519 Summary of funds - prior year Balance at 31 December 2023 Balance at 1 January 2023 Transfers inlout Income Expenditure Designated fund6 General funds Reslricted fundg 3,272,715 1.187,873 612,960 5,674 (5,674) 3,278,389 707,908 635,536 6,506,268 67,298 (6,980,559) (44,722) 5,073,548 6,573,566 (7,025,281) 4,621,833 17. Analy31s of net assets betw8en funds Analysls of not assets betwean funds - current period Unrestrlcted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due wthin one year Creditors due in more Ihan one year 3,942,589 1,328,995 <599,1721 (498,190) 580,987 25,310 4,523.576 1,354.305 1599,172) (498,1901 Total 4,174,222 606,297 4,780,519 Page 42

Martha Trust IA company limited by guaranteè) Notes to the financial statements For the year 8nded 31 Dacember 2024 17. Analysls of net assets between funds (continued) Analysls of net assets b8tweon funds - prfor porlod Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due Nmthin one year Creditors due in more than one year 4.108,768 1,030,896 (586,081) (567,284) 582,279 53,257 4,691,045 1,084,153 (586,081) (567,284) Total 3,986,297 635,536 4,621,833 Reconclllatlon of n•t movement In lund8 to net eash flow from operatlng activltlos 2024 2023 Net incomelexpenditure for the period (as per Statement of Financial Activities) 158.688 (451,715) Adjustments for: Depreciation charges Dividends, interests and rents from investments Loss on the sale of fixed assets Decreasel{increase) in debtors Increase in creditors 234.562 25.602 230,615 24,047 3,101 172,756 119,837 1255,2721 4,178 Net cash provided by operatlng actlvlties 167.754 98,641 19. Analysls of cash and cash equivalents 2024 2023 Cash in hand 614,958 600,078 Total cash and cash equlvalents 614,958 600,078 Page 43

Martha Trust (A company limited by guarantee) Notes to the financlal statements For the year ended 31 Decemb8r 2024 20. Anatysis of changes in net debt At1 January 2024 Cash flows At31 Dècember 2024 Cash at bank and In hand Debt due withln 1 year Debt due after 1 year 600.078 {58,727) 1567,284) 14,880 (8,915) 69,094 614,958 167.642) (498.190) 125.933) 75,059 49,126 21, P8nsion commltments The charity operates a defined contribution pension scheme. The asset5 of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contribution8 payable by the charity to the fund and amounted to £112,514 (2023.. £110,781). Contributions tol81ing £17,653 (2023.. £17.748) were payable to the fund at the balance sheet date and are included in creditors. 22. Operatlng leaso commitments At 31 December 2024 the Charity had commitments to make future mlnimum lease payments under non- cancellable operating leases as follows.. 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 31,225 46,780 1,248 32,356 57,350 1,399 79,253 91,105 23. Related party transactlons During the year ended 31 December 2024 donations totslling £813. plus Gift Aid totalling £Nil (2023: £1,570) were received from Trustees. 24. Controlling party The charity is a company limited by guarantee and v￿5 controlled throughout the year by the board of Trustees. Page 44