Rogistered no. 1070428 THE FULMER CHARITABLE TRUST FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 David Owen & Co Chart8r•d Accountants and R8glstered Auditor5 17 The Market Place Devizes. W11tshire. SN10 1HT
THE FULMER CHARITABLE TRUST FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025 CONTENTS Page Trustees Report Independent Aud tors, Reporl Slalemenl of Financial Activrties Balance Sheet Slalemenl of Cash Flows 10 Notes lo the Accounts
THE FULMER CHARITABLE TRUST THE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 The trustees present their report and financial slatcment5 of the ¢harily for the year ended 3151 December 2025_ The financial slalemenls have been prepared in accordance with the accounting policies set out In note I lo the accounts and comply with the Charity's Trust Deed, the Charities Act 2011 and -AOUntIng and Reporiing by Charities.. Slatemenl of Recommended Praclice applicable lo charities preparing Iheir accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic ol Ireland IFRS 102}". Objective$ and Activltles The Trustees meet lo consider applications fof assistance and decide which causes to support, ulilising the income of the Trusl lor such purF)oses. The Trustees confim) Ihal they referred lo the Charity Commission's general guidance on public benefit when rèvi8wing aims, objeclives and grani making policy. The Settlor expressed his wish that available Income should be dislribuled under Ihè following 'Heads of Charity" and bioadly in the proportions indicated. Relief of suffering and hardship- 70Y. Advancement ol e¢ucalion- 10 / Advancement ol religion - l0°/ Other charitable purposes for Ihe benelil ol the community- 100 Achlevements and Performance Grants are being given regLJlarly under the objects of the Charity using Income generated by the inveslmenls held. During the year the Truslees have madc subslanlial charitable donations lo a wide variety ol causes in accordance with the wishes of the Settlor. A detailed Iisl of donalion5 made is set out al note 2 to the accounls Flnancial Rèvièw Rèference lo 'PY as the previous accounling pcriod means the 12 months ended 31 sl December 2024. During the year under review. the lolal donations received linclusive of associated gill aidi weie £41.700 IPY - £62.5011 Investment income of £451,971 IPY- £430.4661 was reIved. The Trustee5 have rnade chaiilable donations lotalling £512.545 IPY- £470,447I during th8 year. Adminislralion and governance cos15 were 6P/o of income IPY 7 ol. Reserves are maintained at a level lo meet Immvdi<ile charitable requirements and the ongoing adminislration of the Trust. The Trustees are satisfied Ihal Ihe balance 01 £13.516.145 Is sufficient lo meet these requirements.
THE FULMER CHARITABLE TRUST THE REPORT OF THE TRUSTEES ICONTINUEDI FOR THE YEAR ENDED 31ST DECEMBER 2025 The Trustees have assessed the major risk5 10 which the The Fulmer Charitable Trust is exposed. and are satisfied that systems are in pla lo mitigate exposure to the major risks. The principal r..sks 8j uncert81nlies relale lo the financial performance of the companies and lunds in which the charity Inv8sis. The Trustees give granls only from monies as and when they are received so there is no risk of over commitment. and wtlh minimal overheads Ihe inherent simplicity of the financial arrangements would always hold true. Reserves Polley The charity relains reseNes at a level sufficient to cover on8 year of nomial operating osls. As of 31 Decembc., 2025 Ih8se cosls werè Covered many times over. Structure, Governance and Manlgemenl Fulmee Charitable Trust Is registered with and regulaied by the Charity Commission under Charity No. 1070428 and is governed by ils Trust Deed. Thc Charitable Trust was established by deed In 1997 and subsequently receNed from JS Reis a subslanlial gift of Henry Buol and Sons plc Ordinary Shares. The Selllor appointed Truslee5 and during his Iif8time has Ihe power of appointing new Tru51ees. There shall be at least Iwo Tiuslees The Truslees meet regularly bul are oblig8d to meet al18asl Iwice each year. There are no volunleers apart from the Trustees. Legal and Admlnistralive Informalion Trustees MrJSReis Mrs C Mylum Rev. Canon P A Bromiley Mrs J A Reis Mrs S Reis (Deceased September 20251 Prineipal Office 8 The Parade, Marlborough. Wiltshire, SN8 1NE Charity Number 1070428 Audilors Davtd Owen & Co. 17 The Market Place, Devizes, Wiltshire, SN10 1 HT Recrufrtment and appointment of new tru$lee$ The power of appointing new Iruslees Is vested in Ihe settlor. Subjected lo this. Iruslees can be appoinled by a general resolution within a meeting of the Tiuslee5. The maximum number of trustees which can be appointed al any one lime is five. Currently the nufflbers of Trustees resides at four. All Truslces undergo an Induclron and training on appointrnent.
THE FULMER CHARITABLE TRUST THE REPORT OF THE TRUSTEES ICONTINUEDI FOR THE YEAR ENDED 31ST DECEMBER 2025 Tru5tees' Re5ponslbllili&s The Trustees are responsible for prepanng the Trustees. Report and the accounts in aG¢ordan¢e with applicable law and United Kingdom Accounts"ng Standards (United Kingdom Generally Accepted Accounting PTactice). The Tru51ees afe required lo prepare accounls for each financial penod lpknich give a true and fair view ol the slate ol affairs ol Ihe Trusl and ol Ihe incoming resources and application ol resouroes. including the income and expenditure, ol Ihe Trust for Ihat period. In preparing these accounts the Trustees are required lo: select suitable accounting policies and appty them ¢onsislently'. - observe Ihe rnelhods and principles in the Charities SORP., make judgements and estimates Ihal are reasonable and prudenl: prepare the accounts on Ihe going concern basis unless Il is Inapproprle lo presume that the Trust will continue in operation The Trustees are responsible lor keeping propor accounting records that disclose with reasonable accuracy at any lime the financial posilion ol the Trijsl They are also rgsponsible for safeguarding the assets ol the Trust and taking reasonable steps for the prevention and deleclion ol fraud and other Irregularitie5. Dlsclosurè of Informatlon to auditor Each ol the Trustees has confirmed thal th&re is no Informalion of which they ar¥ aware which is relevant lo the aLJdit. bul ol which the auditor is unaware. They have further confirmed Ihal they have laken appropriale sleps lo Identify such relevant inlormalion and to establish that the auditor is aivare of such infomialion. Auditor David Owen & Co were re-appointed as the chanvs auditors duTing Ihe year and have expressed their willingnes5 to continue in that capacity. Dale". 23 July 2026 Mr5 J A Reis For and on behalf of the Board of Trustees
THE FULMER CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 Opinion We have audited the financi<il slalements of The Fulmer Charilable Trust for the year ended 31st December 2025 which comprise the Statement of Financial Activities, the Balance Sheet. thc Statement of Cash Flows and the related notes, includin9 a summary of significant accounling policies. The financial reporting framework that has been applied in their preparalK)n is applicable Charities law and Unileij Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable In the UK and Ireland. Iuniled Kingdom Generally Accepted Accounting Pr8dicel. In our opinion. Ihe financial slaiemants.. give a true and lair view ol the slale ol the charilys affairs as al 31st Dac8mb8r 2025 and of 11s incoming resources and applicat on of resoufces for the period then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounling Practice., and hÈv8 been prepared in accordance wilh Ihe requirements of scdion 144 of the Charities Ac12011. Ba$1$ for oplnlon We conducted our au¢Jil in accordance wilh Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibililies under Ihose slandards are further descrit)ed in the Auditor's responsibililies for the audit ol the linancial slalemenls section of our r8port We are Independent of the charily in accordance with thc elhical requirements Ihal are relevant lo our audit of the financial stalemenls In the UK. Including lh6 FRC'S Ethical Slandard. and wc have fulfilled our other ethical responsibilities in accordancc with these requirements. We believe that Ihe audit evidence we have obtained is SLJfficienl and appropriate to provide a basis lor opinion. Concluslons relatln9 to golng concern In auditing the financial slalemenls. we have concluded thal Ihe Trustees, use of the going concern basis of accounting in Ihe preparation of the financial slalements is appropriate. Based on the work we have performed. sye have not Idenlilied any material uncerfaintiès relaling lo events oi conditions that. individually or collectively, may ¢asl significant doubts on the charity's ability to continue as a going concern for a period of al leasl twelve months from when the financial slalements are authorised for issue. Our responsibilil'.es and the responsrbililies of the Irustees th respect to going concern are described In the relevant sections of this rerx)rt.
THE FULMER CHARITABLE TRUST INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 Other Infom)ation The other Informalion comprises informalior includéd In the annual report, other than Ihe financial stalen)ents and our auéilorfs report thereon. The tTUStees are responsible for the other iiformalion. Our opinion on Ihe financial statements doe5 not cover the c>ther information and, excepl lo the exlent otherwise explicilly slated in our reporl. we do not exp.ess any forffl ol assurance conc.'usion Ihereon. In connection with our audit of the financial statements, our responsibilily is lo read the other inlormalitsn and, in doing so, consider whether the other inlo'mation is materially Inconsisleril wilh Ihe financial slalerllenls or our knoedge obtained in the audit Of Otherwse appears lo be Thalerially misslaled. 11 we Idenlify such rnalèrial inconsist8ncies or apparent material misstatements, we are required lo determine whèther there is a misslalement in the financial statements or a material misslalemenl of Ihe other inlorn7a*ion. 11. based on the work we have perforrned. we conclude Ihal Ihere is a material misslalement of tl)is other inlormalton. we are required lo report that fact. We have nothing lo report in this regard. Responsibilitios of trustees A5 explained more lully in the Trustees. Responsibilities Slalement ltsLhl out on page 31. the trustees are res?onsiblè for the preparation of the financial statements and for bein satisfied that they giv8 a true and lair view. an¢J lor suth internal control as Ihe Iruslees determine is necessary to enablè th8 preparalion of financ al slalemenls Ihal are free from material mi5slalemenl, whether due lo fraud or erTOT. In preparing the financial staiemenls. the Irustees are responsible for assessing lh¢ charit5 ability lo continue as a going conc8m. disclosing. as applicable, matters related lo 901119 Loncern and using Ihe going concern basis ol aCun..Ing unless the trustees cilher intend lo liquidate Ihe charity or to cease operations. or have no realislic aliernative but lo do so. Audltor's rgsponsibililie5 for Ihe audlt of the financial statements We have been appoinled as auditors undcr Section 144 01 the Charities Act 2011 and report in accordance with Ihal Acl and relevanl iegulalions made or having effecl tliereuiider. Oui objectives are to oblain reasonable assurance atM)Ut whether the financial slalemenls as <1 wl)ole are Iree from material misstatement. whelhei due lo fraud or error, and to issue an auditor's report Ihal includeb our opinion. Reasonable assurance is a high level ol assurance. t)ul il is tKJI a guaianlee khal an audit conducled iii aLcordance wlh ISAS IUKI will always detect a Vn8lerial tniss¢alement when Il exists. Mi551alernenls Lan arise from fraud or error and are considèred maleria if, ir)dividu8lly or in the aggregate, they could reasoyably be expecled to Influen the economic decisions of user5 lake on the basis ol these financial stalements. Irregularities. 'ncluding fraud. are instances of non-wmpliance th laws and regulations. We design procedures in line wilh our responsibilities, outlip,ed above. lo detect mat8rial misslalenents in respect of iryegularilies. inGluding fraud The exlenl lo which our procedures are capable ol dele-ling irregularities, Including fraud. is detailed below. A further (tes¢riplion of our responsibilities fof the audil of the financial slalements is located on Ihe Financial Reporting Council's website al". https=Ilfrc.org.co.ukJauditorsresponsibilities. This description fomis pari of our auditor's report.
FULMER CHARITABLE TRUST INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 Extent to which thfr audlt was consldered Capable of detecting Irregularitles, including fraud We identify and assess the risks of material misstatement of the financial slalements, whether due to fraud or error. and :hen design and perform 3udil procedures responsive lo those risks, including obtaining audil evidence that is suHicienl and appropriate lo provide a basis for our opinion. In idenlilying and addressing risks of material misslalement in respect of irregu18rilies, including fraud and non-coMplnCe with laws and regulations, our procedurès Included the folk)wing'. We obtained an understanding of laws and regulalions that affect the charity. focusing on those Ihal hacl a direcl effect on the financial slalemenls or that had a fundamental eflecl on ils operations. Key laws and regulations ',hat W8 Identified Included the UK Charities Act 2011 and applicable aOuntIng standards.. We enquired ol the Iruslee$. reviewed correspondence and Irusle8s' meeting minutes for evidence ol non-compliance wilh relevant laws and regulalions. We also reviewed controls the trustees Piave In place to ensure compliance., We enquired ol the Iruslees about actual and potential Iiligalion and claims., We perfomed an81ICal procedures lo Identify any unusual or unexpected relationships that mighl Indicate risks of maienal misslalemenl (Jue lo fraud., and We verified thè valuations on listed investmènt$ hèld al tho yoar end to the ral8v8nt stock exchange. Due lo the Inherent Iiniilalns 01 an audit. Ihere Is an unavoidabl& risk thal wo may not have detected 50me material misslalements in the financial stslemenls. even though we have propcrly planned and performed our audil In accoidance wth audiling standards. For example. as wth any audit. there remained a higner nsk of non-deleclion ol irregularities, as these may Involve collusif)n. Ivrgery. intentional omissions, misrepresen(alions. or the override of internal controls. We are not responsible for preventing fraud or non-complrance with laws and regulations and cannot be expected to detect all fraud and non-compliance wilh laws and re9ulalions. Opinion on other matters prescribed by th• Charities Act 2011 In our opinion Ihe information given iri Ihe Iruslees. ieport lor the financial year for which the financial slalemenls are prepared is consistent wrth the financial slalemenls. and the TrLJStees' Report has been prepared in accordance with applicable legal requirements.
THE FULMER CHARITABLE TRUST INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 Matters on which we are required to report by ex¢eptlon In the light of the knowledge and underslanding of the charity and its environment obtained in the course of the audit. we have not Idenlifiea material misslalemenls in Ihe truslees, report. We have nothing lo repori in respect ol Ihe followng matters in relation to which the Charities IAccounls and Reports) Regulalions 2008 require us lo repori lo you Il, In our opinion.. the informalion given In the Trustees. Annual Report is inconsistent in any malerial respect with the financial slalernenls". or sullicienl accoLJnting records have not tseen k•pl', or the financial slalements are nol in agreement with the accounting re¢ords', or we have not rèceived all the inlorrralion and explanalions we require for our audit Othor m8tt•r Your atlenliun Is drawn lo the fact Ihal the charily has prepar8d financial slalemenls in accordance with "'A¢counting and Reporting by Chaiilies Slalemenl of Recommended Practice applicable lo charilies preparing their financial statements in accordance with the Financial Reporiing Standard applicable in th? UK and Republic of Ireland IFRS 1 n21 in preforonce lo :he Accounting and Reporting by CharS118s'. Sialernent of Recommended Practice issued on 1 April 2005 which is relerrcd lo in Ihe exlanl regulations but has now been withdrawr. Thi5 has been done in order lor the financial slalemenls lo provide a true and lair view in accordance with currenl Generally Accepted Accounting Practice. Use of our report This report is made solely lo l*e charity's Irvslees. as d body. in accordance with part 4 ol the Charities (Accounls and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the Iruslees those mattprs we are required lo slate lo thern in a Report ol ttre Audilors and for no olher purpose To Ihe lullesl exlenl pemiitted by law, we do nol accept or assume responsibility to anyonè other than the charity and 118 trustoes, for our audil work, for Ihis report. or for the opinions we have formed. David Owen and Co Chartered Accounlanls and Statutory Auditors 17 The Market Place Oevizes WiltshiTg SN10 1HT Date: IoL6 David Owco & Co is 8liqible for appointfnent as auditor of the charity by virtue of its eligibilily lor appointment as auditor of a company under seclion 1212 of the Compani&s Act 2(6
THE FULMER CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 315T DECEMBER 2025 Unrestricted Restricted Funds Funds 2025 Total 2024 Total Notes Income Income from Donations and Legacies Donations and Gifts Income Tax Rofunds 41,700 41,700 50,000 12.501 Income from Inveslmonts al Fair Value B8nk and Other Interest Dividends from listed investmen13 481 451,490 481 451,490 675 429,791 Total Income 493,671 493,671 492.967 Expendltur• Expenditure on Charitable Aclimlies Grant expenditure Secretarial lees Adrninislralion and premises eosls Audit fees Investment managèment fees Bank charges Depreciation 512,545 9,937 7,889 5,160 2,132 372 3.149 512,545 9,937 7,889 S,160 2.132 372 3.149 470.447 9.659 9.556 4.740 2.045 335 3,149 Totsl ExndIture 541.184 541.184 499,931 Net Income betore other reco9nised gains and losses (47,513) 147,513) 16,9641 Reali$ed GainsllLossesl on Investment$ carried at Fair Value 3.561 3,561 3,558 Net GainsllLosse51 on In¥&$tments ¢arrled al Fair Value {277,971) 1277,9711 1,268,826 Net movement In funds {321.923) {321,9231 1.265,420 Fund balances at 1 January 2025 13.838.068 13.838.068 12.572.648 Fund balances at 31 December 2025 13,516.145 13,516,145 13,838.068
THE FULMER CHARITABLE TRUST BALANCE SHEET AS AT 31ST DECEMBER 2025 Notes 21J25 2024 Flxed assets Tangibl& Assets Investments 282,277 13,090.173 285.426 13,366.553 Current asset5 Calcash Account Chilves',er Financial Cash Account Deblors and Prepayments 145,588 3.361 188.413 3.183 Total Current Assgts 148,949 191,596 Credltors.. amounts falling due wlthln one year Creditors 5.254 5,507 Net Currgnl Assets 186.089 Not assets 13,516.145 13,838,068 The funds of the charlty R•stricled Funds Unreslricled Funds 13.516,145 13.838,068 Total charlty funds 13.516,145 13,838,068 The notes al pages 1110 24 fom part of these accobnts. Approved by Ihe board ot trusiees on 23 July 2026 and signed on their behaff b. JSReis l Tfusteel
10 THE FULMER CHARITABLE TRUST STATEMENT OF CASH FLOWS AS AT 31ST DECEMBER 2025 2025 2024 Cash flows Irom operating aetlvitles: Nel cash provided by lused in} operating activities a) {496,588} 1428,3701 Cash flows Irom 5nvestlng a¢tivltles: Dividends. Inlercsl and rents from Investments Proceeds from sale of inveslments PLJrch8se of inveslmenls 451.971 39,821 137,8511 453,941 430.466 86.403 184,8241 432.045 Ngt cash provided by lusèd In) Investlng actlvltles Change in cash and cash equivalents in the reporting penod 142,647) 3.675 Cash and cash equivalents al the bèginning of the pèriod 191,596 187.921 Cash and cash equivalents at the end of ihe perlod bl 148 949 191,596 al Re¢onclliation of net In¢omel{expendlturel to n•t cash flow from operatlng actlvltles Nel in¢om8llexpendilurel for the period as per Ihe Statement ol Activilies 1321.9231 1,265.420 Adjuslmenls lor.. IGainslllosses on inveslmenls Dividends. Interest and renls from Inveslmenls Realised IGainsllLosses Ilncreaselldecreas8 in debtors Increaselldecreasel In creditors Depieciation 277.971 1451.9711 13.5611 (1,268,826) 1430,4661 13.5581 5,000 911 3.149 1253 3.149 Net cash provided by (used in) operallng activitles 1496,588 1428,370 bl Analysis of cash and cash equivalents Cash al bank 148,949 191,596
11 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025 1 ACCOUNTING POLICIES Charity informatlon The Fulmer Charitable Trust is a public benefit entity registered with and regulaled by the Charity Commission undei Charily No. 1070428 and Is govemed by its Trust Deed. Basls of preparation The accounts have boon prepad In accordance wlh FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of Ireland" Ihe Slalemenl of Recommended Practice "Acwunling and Reporting by Charities" for charitics applying FRS 102. and the Charities Act 2011. The accoun15 Ifinan¢ial statements) have been preparea lo give a 'true and fail, view and have departed Irom the Charities (Accounts and Reports) Regulations 2008 only lo the extenl required to provide a 'lrue and lair view.. This departure has involved following the relevant version of the Slalemenl of Recommended Practice applicable lo ch3rilies preparing their accounts in accordance wilh the Financial R8POrting Standard applicable in the UK and Republic ol Ireland IFRS 1021 rather Ihdn Ilie Accounting and R8porting by Charities. Sialemenl of Recommended Practice effective Irom 1 April 2005 which has since been ¥Mthdrawn. 1.2 Golng concorn Al the time of approviqg the accounts. the Iruslees have a reasonablo expectation that the charity has adequate resources lo continue in operational exisience for Ihe loreseeable lulure. Thus the Iruslees continue lo adopt the going concern basis ol accounting in preparing the accounts. 1.3 Charltable funds Unrestricted funds are available for use at the discTelK)n of the Trustees in lurtherance of their chari18ble objectives Reslrieled funds are subject lo specific eondilions by donors a5 to how they may be used. Al 31 DecemDer 2024 and 31 December 2025 there were no SIr$cred funds. 1.4 Incoffle Income is recognisèd when The Fulmer Chariiable Trust Is legally entitled lo il aflcr any performanLV condition5 have been met. the amounts c8n be measured reliably, and il is probable that the income will be received. Casli donal ons are recognised on receipt. Other donations are recognised once Fulmer Charitable Trust has been notified of the donalion. unless perfomance cordilions requiie deferral of the arnount. Income lax recoverable in relalion lo donstiTrns re¢eivEd undcr Qift Aid is recognised al the litnc ol Ihe donalion. Bank Interest and Investment income Is included In the Statement of Financial Activ.ties on receipt. 1.5 Expendlture Liabilities are re¢ognised as expenditure as soon as there 15 a legal or constructive obligation committing the Charily lo that expendilure. il is probable thal settlement will b8 required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocaled OT apportioned to the applicable expenditure headings.
12 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025 1.6 Unrestricted Funds Unrestricted funds are available for use al the dis¢retion of Ihe Trustees in furtherance of Fulmer Charitable Trust'5 charitable activilies and are available as general funds. As al 31 December 2025 and 31 December 2024 only one fond IS in operation and this is unrestricted. 1.7 Tanglble Flxed assèts Tangible fixed assets costing more than £5.000 are capitalised and induded al cost Depreciation is pruvided on all fixed assets al rates calculated to write off the cost on a slraighl- line basis Qver the expected useful economic life as follows Freehold land.. Nil Freehold Bu,Idings'. Over 50 years 1.8 Flxed asset¥ investments Fixed asset inveslm8nts are initially moasured al transaction piice excluoling Iransaclion costs, and arts subsequently measured ai fair value al each reporting date based on the quoted market price in an active market. Changes In lair value are rècognised in nel incomellexpenditurel for the period. Transaction costs afe expensed as Incurred. 1.9 Flnanclal Instruments The Fulmer Charitable Trust has elected lo apply the provisions of SeCtn 11 '8asic Financial Inslrumenls" ancl Section 12 "Olh8r Financial Instruments Issues" of FRS 102 to all of Ils financial inslrumenls. Financial irnslrumenls are recogniseii in The Falmer Charitable Trust's balance sheet when th6 Trust becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented In the financial ¥lalemenls. only when there Is a legally enforr£able nght to sel off the recognised amounts and there 15 an Intention lo setlle on a nel basis or lo realise the asset and setlle the liabilily simultaneously. Fixed asset investments are slated at fair value with any gains or losses arising on remeasurement recognised in profil or1055. gasic financial 8ss8ts. which includo dabtors and $h and bank ba18nees. are Inilially measured at transaction price Including transactions costs and are sdbsequently carried al afflortised cost using the effe¢live Interest method unless the arrangement constrtules a financing transaction, where the transaction is measured at the presenl valije vf Ihe future receipls discounted al a market rale of inlere51. Financial assets classified as re1vable wrthin one year are not amortised.
13 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025 1.9 Fin8nclal Instruments (continued) Basic financlal •ssets Basic financial 118bililies. including creditors and bank loans. are initially recognised al transaction price unless the arTangemenl conslilules a financing transaction. where the debt instrument is measured al the presenl value of Ihe future payments discounted at a market rale ol interest. FinJnuidl li&bililies classilied as payable within one year are not amortised. Debt in51rumenls are 5ub5equenlly carried at amortised cosl using the effective interesi rale Trade eredilors are obligations lo pay fo. goods or services that have been acquired in Ihe ordinary course of operations from sUpplf5 Amounls payable are classified as current liabilities il payment Is ¢Jue within one year or less. If not. Ihey are presonted as non.cvrrenl Iiabiliiies. Trade creditors are roCO9nisgd initially a; Iransaclion price and subsequently measured al amortlsed cost using the Derecognlll¢n of flnancial liabilltles Financial liabilities are derecogn15ed when Fulmer Chanlable Trust's corlraclual obligations expire or arè (iischarged or cancelled. 1.10 Taxation The Fulmer Charitable Trust . as a regislered charity. obtains exemption from laxalion un¢Jer part 10,1 I A 2007 and s.256 TCGA 1992
14 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2025 2 DONATIONS MADE 2025 2024 ABF The Soldiers Charity Acel- Aids Education & Training Acorn Altemalive Provision Action Through Enterpris6 Advanc8 Myanmar African Children's Fund African Enterprise UK Lld African Mission Age UK Willshire Alabare Christian Care C•nlrè$ Alternatives To Violence Proje Alzheimer's Society Alzheimer's Support Ambitious About Autism Amos Trust Amrel Health Africa Uk Anne Robson Trust Angels International Anti Slavery Inlemational Apl Aelion On Poverty Arab World Ministries Bamardo's Ballcn Disease Family ASsoclI0n Bible Society Bibles For Chil¢Jren Blind Vet8rans UK Book Aid International Books Abroad Brain Research UK Brainwave Bravo Medics Breadline Bridge Builders Ministries Bridge "I he Gap Football Bridge Youth Project Brighter Futures Bnght Sparks Bristol Ènsemble British Diabetic Association British Heart Foundalion 8rilish Red Cross British Refugee Council 1,500 1,500 1,500 1,500 5,000 1.500 1,200 1,500 1.500 1,500 1,SOO 1,500 6,000 1.5DO 1.500 1.500 1.500 1,500 1.500 1,500 1,500 4,000 1.500 1,500 1.500 1,500 1,500 1,500 1,500 1.500 1,500 1,500 1,500 1,500 1,500 1.000 1.500 1,5DQ 1,500 1.500 1,500 4.000 4.000 1.500 1,500 1,500 1,000 1,500 1,500 1,500 1,500 1,500 6,000 6,000 1.500 1.500 1.500 1,500 1.500 1.500 1.500 1.500 1,500 1.SOO 1.500 1,500 Carried forward
THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2025 2025 2024 Brought foThvard 66.500 55.700 British Wireless For The Blind Brooke Hospital For Animals Cafod Calne & Blackland PCC C8lne Bgplist Church Caln8 Music & Arts Festival Calnè Pocket Park Campaign Against Livin9 Miserably C8mphill Village Trust Ltd Cancer Research LIK Car¢r Support Willshire Carers Support Centre Carers Trust Carers UK CASE Cecily's Fund Changing Tunes Child In Need India child.org Children Change Colombia Children In Dislrcss Childfen In Hunger Chosen Pèople Mir)istrS Christian Aid Christian Blind Mission Christian Churches Ireland Christian Solidarity Worldwide Church Army Church Homeless Charily Church Mission Society Church Pastoral Aid Society Churches Together In England CLAAS Clothing Solutions College of Sl Barnabas Community Foundal on Community Inilialives SW Ltd Community Safely Educath)n Concern Worldwide Contact Hoslcl County Air Ambulance Tru51 Carrièd fonvaril 1.500 1,500 1,500 1.500 3,300 1,000 500 1,000 1,500 1,500 1,500 3,300 500 1,500 1,5DO 1.500 500 1.500 1,500 1.SDO 500 1,500 1,500 1,500 1,500 1,500 1.500 1,500 1,500 3.500 1,500 1,500 1.500 5QO 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,SOO 1,500 1.500 1.500 1,SOO 1,500 1,500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1.500 1,500 1,500 1.500 1,500 4.000 1,500 1,500
16 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2025 2025 2024 Brought forward 117,300 106,000 Country Food Trust CPRE Cress Crisis UK Cross Links Cruse Bereavement Care Cure International Cystic Fibrosis Tfusl Dci Foundalion Dealblind UK Deki.Org. UK Dementia Adventure Dhaka Ahsania Mission Doctors Of The World Dorcas Oress Project Dragonfly Schools Fund Dream Holi(Jays Dream Makers Dre55abilily Drop4Drop Embrace Child Victims Of Crime Embrace The Middle Easl Epilepsy Action Escapoline Eso120061 Ltd Eihiopiaid Eurasia Educalion Foundation Evangelical Alliance Exlracare Charitable Trusl Fact Fareshare South West F8rrr Africa Farming Community Network Fishermen's Mission Footsteps International Freedom From Fislula Foundation Freedom From Torture Freedom Kit Bags Frenchay PCC Friends 01 The Holy Land Funeral coslts granl Gardening4He211h Garelh Lovell 1.500 1.500 1,500 soo 1,500 1,500 1,500 1,500 1,500 1.5QO 1.500 1,500 1.500 1.500 1,500 1,500 1,500 1.500 1,500 2,000 1,500 1.500 1.500 500 3,300 500 1,000 1.500 1,300 1.500 1,500 1,500 1,500 1,500 1.500 1,500 1,500 1,500 1,500 5,000 1,500 1.500 1.500 1,500 1,500 1.500 3.500 1,500 1,500 1.500 1,500 1,500 1,500 1.500 1,500 1,800 1,500 4.347 1,500 1,500 1.$00 1,500 1,500 1,750 1,500 3,000 1,500 1,000 Carried forward 175,050 159,147
17 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2025 2025 2024 Brought forward 175,050 159,147 Give A Kidney Giving Wnrld Go Beyond Good Morning SeNice Good News For Everyone GWH NHS FoLJndation Trusl aemophilia Society Hands Around The World Happy Days Childrens ChaTIIy Harbour Project Health Poverty Action eallhprom Hearinq Dogs For Deaf People Helen Bamber Foundation Hope & Homes For Children Hope Cliritslian Trust Hope For Justice Hope For Tomorrow Hooe Housing.Training & Support Ltd Horalio's Garden Hospices 01 Hope Hol Lines Meals Service Impact Independent Age Inhope Innovista International Inslilule For Bible Translation Inlercare International Health Partners UK LI Internal Mission Tn Jewish People International justi Mission Iraqi Christians In Need ITSA Digital Trust IT Schools Africa Jacaranda UK Foundation Jam Community Integrated Project Jessie May John Faw¢elt Foundation Joliba Trus; Joshua Ludlow Just Be A Child Karen Hill Tribes Tru51 Karuna Kidasha 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 7,000 1,500 1,500 1.500 1.500 1,500 1,500 1,500 1.500 1,500 1,200 1,500 1,500 1.500 1,500 1.500 1.500 1.500 1,500 1.000 1.500 1.500 1,500 1,500 1.500 1.500 3,000 1.500 1.500 1,500 1,500 1,500 1,500 4,000 1,500 1,500 1,500 7.500 1,500 1.500 1,500 1,500 1.500 1.500 1,500 1.500 1,500 3.000 500 1,500 1,500 I,SOO 1,SOO 1,500 3,000 500 1,500 1.500 1.500 Carrfed forward 240.550 214,347
18 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2025 2025 2024 Brought forward 240.S50 214,347 Kids Alive International Lepra Leprosy Mission International LICC London Inslilule Fw Contempor 1,500 1.500 1.500 1,SOO 1,500 1,500 1.500 1,500 Lilewords Limbpower Listening Books Macmillan Cancer Support Makhad Trust Malaria No More Manna Society apAclion Mane Cuiie Marlborough Deanery Synod Maternity Action Maternily Africa Co Lld Medair UK Medic Assist International Medical Aid For Palestinians Medical Engineering R8source Unil 9(4i¢ins Éon$ Frontierea 1,500 1.500 1.500 5,000 1,500 1.500 1.500 3.500 1,500 1.500 1,500 1,500 1,500 1.500 1,500 1,500 20.000 4,000 20,000 1,500 1,500 1.500 1.500 1,500 1,500 1,500 1,JOO 1,500 1.500 1,5LIQ 1,SOO 1,500 1.500 1,500 1,500 1,500 1,500 1,500 fv1encap Mercy Ships Microloan Foundation Middle East Media Mildmay Mines Advisory Group Missing People Ltd Mission Aviation Fellowship Mission Direct Mission Rabies Mission To Seafarers Mission Without Borders Mobility Tru51 Moining Star Salisbury Multiple Sclerosis Sociely Music For Schools Foundalion Myaware Mytime Nasio TTUSI National Aulislic Sociely National Churches Trust 1.500 1,500 1.500 1,500 1,500 1.500 1,500 1,500 1,500 1,50Cs 1,200 500 1,500 1.500 1,500 1,500 1.500 1,500 1,500 1.500 1.500 1,500 3.000 Carried forward 317,550 286.047
19 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2025 2025 2024 Brought foTh¥ard 317.550 286,047 Nightingales Childrens Project Roma Nottingham Imagination Library NSPCC On Call Africa Open Doors Operation Mobilisalion Operation Smile Oxford Hospitals Charity Pain Relief Foundaiion Parish NuT5ing Minislries UK Parish of Wyke Regis With Sl Edrnund PCC East Wooclhay PDSA Place2Bo Plan llllemalional UK Plant Your Future Practical Tools Initiative Prince's Trust Prison Fellowship Prisoners Abroad Project Har$4r Ethiopia Prospect Burma Prospect Hospice Lld Pump Aid Rabi (Royal Agri Benevolent Institulionl Rainbow Trust Rainbow Trust Children's Charity Rainbows Hospice For Children Rainloresl Foundation UK Reaching The Unieached React Re-Cy¢le Refijge Refugee Council Reprieve Reseed Resource Reuse Network Ripple Effect Royal National Lifeboat Instilution Royal Star & Garter Homes Safe Anaesthesia Worldwde Sailors Society Salis Cathedral Choral Foundation Salisbury Cathedral 1.500 1.500 1,000 3.500 1.500 1.500 1,500 1,500 3.000 1.500 1.500 1.500 4,000 1,500 1,500 3,500 1,000 1,500 1,500 1,500 3,300 1.500 1,500 1,500 1,50D 1,500 1,000 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 3,000 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1.50D 1.500 1,500 1,500 1,500 1,500 1,500 3,000 1,500 1,500 1.500 1,500 1,500 1.500 1,500 1,500 1,500 1,500 1,500 1,500 1.500 1,500 Carrled forward
20 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2025 2025 2024 Brought forward 381,550 344.347 Salisbury Hospice Charity Salisbury Museum Salisbury NHS Foundation TnJsl Sall Of The Earth Salvation Army Salve International Samaritans Samaritans Purse Sand Dams Sasra Sal-T UK Trust Lld Save The Children Scolscare Second Sight Sense Separated Children Foundation Sequal Trust Serendip Children's Charity Sh8ller Sheller Box Shinè Siblings Togèther Sight Sav&rs Simien Mountains Mobile Medical Ser Small Steps Project Smile Train Society Vvilhoul Abuse Sola Proieci SOS Children's Villag8S Source 01 Hope South We51 Communily Chaplaincy South Wilts Mencap Spiritus Theological Col.'ege Sl James Ludgershall PCC St John Of Jerusalem Eye Hospital Stand Slaplelon PCC Starfish Grealhearts Foundation Stars Appeal Stroke Association Sue Rydef Sunny Days Childrens FLJnd 2,000 500 3.150 1,500 1,500 1.500 1,500 1,500 1,500 1,500 1,500 5.555 1,500 1,500 3,500 soo 1,500 3.500 1.500 3,500 1,500 5,000 1.500 5,000 1,500 s.000 1,SOO 1,500 3.500 1,500 1,500 1,500 3. Jroo 1,500 1,500 1,500 5,000 1,500 1.500 1.500 1,500 1.500 1,500 1,500 1,500 1,500 1,500 1,500 1.500 3,500 1,500 2,500 1.750 1,500 1,500 1,800 1,500 1,500 1.500 1.500 1.500 7.500 1,500 1,500 Carried forward 453,005 400,647
21 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2025 2025 2024 Brought forward 453,005 400,647 Support Through Court Swansea Mad Swindon Women's Aid Tea Leaf Trust Tearfund Th8 Mango Tree Their Future Today Toqelh8r Now Tools For Sell Reliance Toybox Transform TradelTraidcrafl Exchange Transplant Links Tree Aid Trussell Trust UCCF UFM Worldwide UK For UNHCR Unicef Vehicles For Change Vic'.orian Socif)ly Village Water Virtual Doclois Voices For Life War Child War Memorials Trust Vvaler Harvest Welfare Association Weslbury Pcc Whizz-Kid£ Willow Willow Trust Wiltshire Air Ambulance Willshire Bobby Van Trust Willshire Treehouse Winston's Wish Wilney Ringing Society Womankind Worldwidg World Bicycle Relief 1.500 1,500 1,500 1,500 1.500 1.500 1.500 1.500 1.500 1.500 1,SOO 1,500 1,500 1.500 1,500 1,500 1,500 1,500 1.500 1.500 6.500 1,500 1,500 1,SOO 1,SOO 2,500 1,500 1.500 1,500 1,500 7,000 1.500 1,500 1,500 1,500 1,500 1,SOO 1,500 1.500 2,000 500 1,500 1,500 3,300 1.500 1,500 soo 1,500 1.50D 1,500 1.500 3,500 1.500 1,500 1,500 1,500 1,500 1,500 1,500 1.500 1.500 Carried forward 503,505 455,447
22 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2025 202S 2024 Brought forward 503,505 455.447 World Child Cancer World Jewish Relief World Medical Fund Wyclille UK Ltd Y Care International Ymca England Zambia Orphans Aid UK Zane Zimbabwe Educational Trust 1.500 2,500 1,500 1,500 1.500 1.500 1,500 1,500 4.500 1,500 1,SOO 2.040 1,500 512.545 470,447
23 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025 3 Tangible Fixed A55ets Freehold Freehold Land Buildlngs Total 2025 Totsl 2024 Opening cost Additions freehold property Closing cost, 31 sl December 2024. 150,000 157,469 307.469 307.489 150.000 1 $7,469 307,469 307 469 Opening accumulated deprccialion DeprL'Lialion charge in year 22,043 3,149 22,043 3,149 18.894 3.149 Accurnulaled depreciation. 31st Decembgr 2025 25,192 25,192 22,043 Nel book value, 31 sl December 2025 150.000 132.277 282.277 285 426 The cost of the Ireehold land, which is not depreciated. is estimated lo comprise £150.000 ol the lo101 cost. 4 Invostmenls held at lalw value Increasel IDisposals' IDecrease) 31.12.2024 Additions In Value 31.12.2025 Original Cost Holdlng Henry Boot PIC 5,7J9.580 Ord 1 Op Shares 13.201.034 1286.9791 12,914,055 354.733 2,953 5.250A Cum Prel Shares 2.229 2,229 2.953 CAF Fixed Interest B Income 95297.4370 Units CAF UK Equily B Income 35625.8480 Units Chilvester Financial Portfolio 163.290 11.970) 12,569 173,889 151,228 13,366.553 11,9701 1274.4101 13,090,173 508,914 All inveslrnenls are lisled on a recognised UK Stock Exchange.
24 THE FULMER CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2025 5 Unrestricted funds Included within the charity's unreslricled funds are revaluation reserves of £12,581,259 relating lo the investments sel out in note 412024.. £12.859.2301. 6 Trustees None ol the Iruslees, or any persons nnec1ed wilh Ihem. received any remuneration duiing the year, and there were no reimbursed expenses. 7 Related Party Transactions Donations lolalling £41,70012024'. £50.0001 were received from the trustees and parties connected lo them. The Trust gave £1,50012024.. £3.5001 to the Diagonny Seh¢Jols Foundation of which C murn is the Chair of Trustees. The donation Is in line with other grants awardèd. 8 Non - adjusting event after the ond of the reporting perlod On the 30 June 2026, Ihe value of the Charit$ financial inveslmenls had feduced by 26¥/o when compcired lo the value of the investments al Ihe balance sheet dale, The Iruslees lake a long term view and are able to lolerale volatility of inveslmenls, as long as Ihe Trust is able to meet Ils short lemi grant making commilmenls. The Iruslees have reviewed these commilmenls and are con(Ident Ihe Trust has sufficicnl liquidity within the porrfolio lo me81 Ils Iiabililies.