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 -A￿OUntIng 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 re￿Ived. 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 8￿j 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 Inappropr￿le 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 kno￿edge 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¢
charit￿5 ability lo continue as a going conc8m. disclosing. as applicable, matters related lo
901119 Loncern and using Ihe going concern basis ol aC￿un..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-coMpl￿nCe 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 a￿OuntIng standards..
We enquired ol the Iruslee$. reviewed correspondence and Irusle8s' meeting
minutes for evidence ol non-compliance wilh relevant laws and regulalions. We also
reviewed controls the trustees Piave In place to ensure compliance.,
We enquired ol the Iruslees about actual and potential Iiligalion and claims.,
We perfomed an81￿ICal procedures lo Identify any unusual or unexpected
relationships that mighl Indicate risks of maienal misslalemenl (Jue lo fraud., and
We verified thè valuations on listed investmènt$ hèld al tho yoar end to the ral8v8nt
stock exchange.
Due lo the Inherent Iiniilal￿ns 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 Ex￿ndIture
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 prepa￿d 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 SeCt￿n 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 re￿1vable 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 sUppl￿f5 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 ASsoc￿lI0n
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)istr￿S
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 m￿urn 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.