2022-08-31-accounts

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 Company registration number.. 3597496 Charity number.. 1071186 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) MENZIES BRIGHTER THINKING

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) CONTENTS Page Reference and Administrative Detsils of the Company, its Trustees and Advisers Trustees. Report Independent Auditors, Report on the Financial Statements Statement of Financial Activities 3-12 13-16 17 Balance Sheet 18 Statement of Cash Flows 19 Notes to the Financial Statements 20-36

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2022 Trustees The Right Reverend D J Conner KCVO The Reverend Canon Dr H E Finlay The Reverend Canon M G Poll Mr D Darsch Mr R Colliei-Keywood OBE Mr R B Woods CBE The Reverend Canon Dr M Powell MrD Stem MsKSRGhose Ms L Elson Mrc G￿tken Prof H Montgomery OBE Mr5 C Harris Mr J L Newbegin Company règist•r•d numbar 3597496 Charlty reglstered number 1071188 Registered office St George's House Windsor Castle Windsor Berkshire SL4 1NJ Company saerètary Mr J L Newbegin Warden The Reverend Canon Dr H E Finlay Independent auditor Menzies LLP Chartered Accountants Centrum House 36 Station Road Egham Suirey TW20 9LF Bankers Barclays Bank PIC 2￿30 High Street Windsor Berkshire SL4 1pa Solicitors Kidd R8pinet LLP The Old Registry 20 Arneisham Hill High Wycombe Buckinghamshire HP13 6NZ Page 1

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Investment Managers Cazenove 12 Moorgate Londo EG2R 6DA Page 2

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2022 The Trustees, who are also the Directors for the purposes of company law, present their annual report together with the audited financial statements for the year ended 31 August 2022. Since the company qualifie5 as "srllall under Section 383 of the Companies Act 2006, the strategic report required of medium and large cornp8nie5 under The Companies Act 2006 Islralegic Report and Directorfs Report) Regulations 2013 is not required. Reference and admlnlstratlve detalls Reference and administrative details, induding the principal office address, are shown in the schedule of members of the Board and professional advisers on page 1 of the financial statements. Trustees The Trustees who served the company during the period were as follows.. The Right Reverend D J Conner KCVO The Reverend Canon Dr H E Finlay The Reverend Canon M G Poll The Reverend Canon Dr M Powell Mr C Aitken Mr R Collier-Keywood OBE Mr D Darsch Mr L Elson Ms K Ghose Mr D Stern Mr R Woods CBE PiofH Montgornery OBE Mrs C Harris Mr J Newbegin Ms R Borthwick retired as a trustee on 22 March 2022 Mr H Shah retired as a trustee on 22 March 2022 Prof H Montgomery OBE was appointed as a trustee on 9 April 2022 Mrs C Harris was appointed as a trustee on 10 May 2022 Mr J Newbegin was appointed as a trustee on 22 March 2022 Structure, governance and management St George's House Trust Iwindstsi Casdel is a charitable company, company numbei 3597496, and ￿gIstered charity number 1071186. Memorandum and Artides of Association, established under the Companies Act 1985, govern the House. New Artides of Association were adopted on 25 November 2013. The company is limited by guarantee without any share capital. The Board consists of The Dean of Windsor, not more than four Canons of Windsor and at least seven but no more than 10 other Trustees. at least two and not more than four of whom shall be rllembers of the Council of St George's House. The Board meets as required lo consider and advise the House on its programme of work. The Board of Trustees appoints the Finance and Gener81 Purposes Cotnmittee. The number of members of the wmpany is unlimited bul every member has to be approved by the Ttustees. The Chairman. Board of Tiustees and Warden may propose new trustees as iequiied. These proposals are subject to discussion and approval by the Nominations Cotnrnittee and the Board. The day to day operations of the House are controlled by the Warden and the Programme Director. Page 3

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 St George's House Trust Iwindsor Castle) forms part of the College of St George. In recognition of the large capital sum invested by the House into the buildings it occupies, St George's Chapel continue to provide the premises on a rent free basis and in accordance with a mutually agreed license to occupy. The Chapel also provides a Canon to act as Warden of the House. Should an extemal appointment be made in future the Costs of this would likely be substantially higher. Other than Ih8t which h85 already been noted. St George's House Trust Iwindsor Castle) is not materially dependent upon the support of any individual. corporation or class of donors. Newly appointed Trustees undergo an orientation session to brief them on their legal obligations under charity and company law, the content of the Memorandum and Artides ol Association, the Regulations of St George's House, the business plan and retsnt performance ol the company. The Board is required to meet yearly although it is custom to rneet more frequently. The Board is responsible for strategic planning to rlleet the House's objectives and develop strategy in relation to finance. administration and rnarketing. The College Finance and General Purposes Committee advise upon investments policy. monitors risk rnan8gernent and piepares business plans and annual budgets. The Piogr8Tnme Director 8nd the Walden allorate Consultation support funds in line with the principle5 approved by the Board. The Trustees are satisfied that the accounts Comply with current statLJtory requirements and the Charity's governing documents. Remuneration for key management personnel is determined by the Board on advice from the College Finance and General Purposes Committee. Our aim is to offer competitive salaries which will attract and keep appropriately qualified personnel to manage and deliver the aims and objectives of the Company. The pay of all staff is reviewed annually. Any increases are approved by the Board, taking into account inflation, the financial position of the House at the time and in accordanTr with average earnings. Objectives and activities The ¢harit8ble objedives of the Company as ouuined in the Artides 8ie 85 follows.. The Objects for which the Company is established are primarily the provision of a residential study centre for those of the clergy or laity who wish to explore the moral, spiritual and practical implications of their various concems and secondly other religious, educational and other purposes of the Company as the Trustees may from time to time deade." Pursuant to this the Company runs a residential study centre for clergy of all denominations.. it Is also a place where people of influence and responsibility in every area of society can come together to debate and discuss issues of national and international importance with the purpose of nurturing wisdorn for the betterment of society. These objectives 8re met by means of the provision of appropriate ConsuK8tion5. Such Consultations are designed 8fter taking advice from a range of knowledgeable parties. The aim of the Consultations is to draw together senior people who might not otherwise have the opportunity to debate key issues with each other. The Consultation format encourages active participation by all present and allows them in an atmosphere of understanding and trust to challenge conventional thinking and to develop new insights. The success or otherwise of a consultation can be Measured in two ways. Was the discussion properly constructive? By which is meant did the tailored programme address the topic to hand in a cogent, intellectually robust and inclusive rnanner? And secondly, did the consultation, where appropriate, produce tangible outcomes? Our intention is that all participants will leave a consultation better educated in the nuances of a particular argument and in 8 Posltion to bring any newly awuired knowledge or expertise lo be8r in their working lives. Care 15 taken to ensure that Consultations invohfe 8 wide cross-section of society and themes. P8rticipants 8ie drawn from a wide range of sector5 and every effort Is made to reflect diver51ty In its various forms. Page 4

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Achievements and perfomiance This year saw the House programme begin to ernerge from the disruption caused by the pandemic. The hybrid model of in- person and online work continued effectively and while nothing can replace the physical gathering of people in Windsor, we have made 8 virtue of necessity by incorporating online activity into the over811 prograrnrne. The variou5 sliands of the House prograrnme.. so¢i81 and ethical wnsultations.. Leadership Convei$8tions.' Clergy Courses,. arts events 8nd lectures. cornbined to present a year of wide-ranging activity. The return of extern81 organisations etnpathetic to the work ol the House was welcome and, while not quite yet at pre-pandemic levels, was greatly encouraging. Where possible, the ConsuKation programme followed for the most part the usual twenty-four hour residential format. The Consultations are, as ever, devised by the Warden and Programme Director, aided by a number of expert parties. Each Consuhation involves between 22-30 participants. The programme is funded by a mixture of sponsorship, donations and through the St George's House Consultation Support Fund. The Society of Leadership Fellows is run by hvo Directors and funded through subscriptions and payments from members. The Clergy Courses remain under the guidance of the Dean and Canons. Other events are devised by the Programme Director and Warden. The ye8r included online seiies entitled St George's House.. In Conversation in which the Progiatnrne Diiectoi conducted interviews with distinguished people from public lrfe. We were delighted a150 to host two lecture5, the Elstsn Ethics Lecture and the St George's House Annual Lecture, both In St George's Chapel foi the first time since 2019. Overall, we meet the objectives ol the Charity in providing space and time to explore in depth topics relevant to contemporary society. There follows a more detailed outlay of the programme. Social and Ethical Programme Community-led Improvement and leveling up of 'left behind, neighbourhoods Vicars, Hall, 9th to 10th September 2021 This Consultation wntinued our partnership with the charty Loc31 Trust and focused on empoweiing 10¢81 wmmunities through a range of initiatives and strategic Interventions. Consultatlon for Her Majesty's Lord LSeutenants, Vlcars, Hall, 17th to 19th September 2021 The first of autumn Consultations at the invitation of the Dean of Windsor, bringing together a mix of experienced and recently appointed Lord Lieutenants to leam more about the role from each other and from speaally invited speakers. The 2021 Elson Ethics Lecture, Elephants in the Food Room: Consumer Culture, System Change and Values, St George's Chapel, 22nd September 2021 Professor Tirn Lang gave the 2021 lecture in person. building on the Food and Farming strand of our work. Consultation for Her Majesty's Lord Lieutenants. Vicars. Hall, 1st to 3rd October 2021 The second Consultation at the invitation of the Dean of Windsor, bringing together a mix of experienced and recently appointed Lord LieLrtenants to learn more about the role from each other and from specially invited speakers. Twenty_one for Twenty4Jne, Vlcars, Hall 14th to 15th October 2021. A further inter-faith initiative in partnership with KAICIID, the International Dialogue Centre in Vienna, to create imaginative and dynamic grassroots inter-faith projects that can be adopted and multiplied across the UK and beyond. St George's House.. In Conversation with Lord 8arwell, 28th October 2022 Gavin Barwell w85 Chief of Staff lo Theresa May from 2017 10 2019. Our coNvei$8tion covered the general election of 2017. Biexit, military intervention in Syria. Trump and the role of 8 Chief of Staff during one of the most lurbulenl peiiods in recent UK political history. The Gospel of Luke- Online Clergy Course, 3rd November to 1st December 2021 Led by the Warden and the Reverend Dr John Cuthbert, four weekly online sessions looked at the challenges of preaching through the Gospel of Luke and how clergy might speak faithfully to their congregations through Luke's theology. UK Drugs Policy and Faith Communities, Online Consultation, 12th November 2021 Working with Bristopbased Transform Drugs, this online Consultation brought together key people from the drugs policy sector and faith communities to do preparatory work for a residentl81 gathering in January 2022. Page 5

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Climate Change - Livestock Transition, Wicars, Hall, 1st to 2nd November 2021 A combination of powerful trends in the food system mean that it is almost impossible to imagine that the UK'S livestock sector will look the same by the 20305. These trends include much-discussed shifts in food technology. specifically meal and milk substitutes. combined with shifts in consumer sentiment and preferen￿S the rise of the flexitsri8n. The Consultation exploied how shifts in diet. trade. and food technology might Change the game in the liveslod( sector and wh81 farTner5 should do to respond. Local Authority Post4ovid Recovery and Resilience, Vicars, Hall, 29th to 30th November 2021 A Consultation in partnership with the Society for Innovation, Technology and Modernisation ISOCITMI which looked at the role technology can play in local authorities as they grapple with the aftermath ol Covid and its impact locally and regionally. FED Education, Vi¢ars' Hall 9th to 10th December 2021 The Foundation for Educational Developrnent last year developed at the House a long-terrn vision for education in England. This vision and p18n of action Is outlined in the April 2021 report entrtled National Education Consultation Report. Five key work 5tieam5 were identified In the report. Thi5 Consultation began work on taking those work stieams fotward. St George's House.. In Conversation with Lord Butler of Broekwell, 6th January 2022 Robin Butler served as Private Secretary to Edward Heath, Harold Wilson and Margaret Thatcher and as Cabinet Secretary under Mrs Thatcher, John Major and Tony Blair. He has had a ringside seat at some of the most significant moments in British political history over four decades and was famously, ol course, chaiman of the 2004 inquiry into Iraq's weapons of mass destruction.Lord Butler sits as a cross-bencher in the House of Lords. He became a Knight of the Garter in 2003. Nurturing our Growth as Clergy, Vicars. Hall, 24th to 28th January 2022 A return to residentl81 dergy courses in which the directors of our Society of Leadership Fellows led the gathering in personal and profession81 developrnenl. St George's House.. In Conversation with Professor Hugh Montgomery. 17th February 2022 HLJgh is Professor of Intensive Care Mediane at University College London and Director University College London Centre lor Human Health and Performan￿. He has chaired two Lancet Commissions on Human Heahh and Climate Change, and now the 42-institution 27-country Lancet Countdown on Health and Climate Change and was a founder member of the UK Climate and Health Alliance. Public Health and Climate Change, 21st to 22nd February 2022 Many organisations in the health sector are engaged individually in the climate change debate. There is a great deal of wisdom. innovation and creative thinking already in play. as exemplified by the initiative in the medical journals. However. there Is little evidence of working with the widei communty and so of h8rnes51ng the sectoi's skills and initiative for the greatei good. This gathering, in partnership with C8loLJSte Gulbenkian IUKI, sought to develop necessary co118boration. Climate Change- Thriving Places for Nature and People. 24th to 25th February 2022 One of the impacts of climate change is the dedine of our natural habitat. While there are many examples of organisations designing and delivering nature recovery and biodiversity initiatives, these may not stop the dedine of our natural habitat. We worked with Ethos, a newly created organisation, to raise the level of aspiration and delivery as a way of significantly improving nature recovery and biodiversity in the UK which in turn will help mitigate climate change through carbon capture, create employment and support wellbeing. Senior Faith Leadership, Vicar¥' Hall, 7th to 9th March 2022 The iescheduled first module of the inter-faith gathering for 2022 which brought together emergent leaders fiotn the three Abraharnic faiths around issue5 of leadership and inter-faith exploration. St George's House Arts Programme. VScars' Hall, 10th March An Evening with Nathan Meltzer (Violin) and Yannick Rafalimanana (Piano) with music by Schubert, Roque Cordero, Robert Dauber, Samuel Coleridge-Taylor, Eleanor Alerga and more. Page 6

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Consultation for Her Majesty's Lord Lieutenants, Vicars, Hall, 11th to 13th March 2022 A Consultation at the invitation ol the Dean of Windsor, bringing together a mix of experienced and recently appointed Lord Lieutenants to learn more about the role from each other and from specially invited speakers. FED Education, Vicars, Hall, 21st to 22nd March 2022 This second Consultation of the year continued the work on the delivery of the findings in the N8IIon81 Educ81ion ConsuKation Report as discussed in Decembei above. A Wild Future- sustainability and better inclusion in the outdoors, 11th to 12th April 2022 A consultation in partnership with British Exploring to consider how best to improve the inclusion of under-served communities of young people in challenging outdoor activities and expeditions, and to consider the simultaneous challenge of sustainable provision of those experiences. We will all benefit from a more diverse and inclusive community of champions for the future of our planet, and this can only happen by first ensuring fairer access to the transforrnative experiences which create ownership and stimulate advocacy. st George'8 House.. In Conver8ation. Dame Eliza Manningham.Buller, Thursday 28th April 2022 A5 Head of the Securty Service, Baioness Manningham-Buller dealt with the wake of 9111 and a growing threat from Al- Qaeda. As Chair of the Wellcome Trust, one of the woild'5 laige5t charitable fundeis of medical ie5earch, she oveisaw an organisation that both predicted and led work tackling the Covid-19 pandemic and its long-tem) effects. Drugs Policy and Faith Communities, Vicars, Hall. 3rd to 4th May 2022 Picking up on the Online Consultation held during the pandemic, this residential Consultation developed the work begun then. The UK still has a significant drugs problem. The Consultation looked at recent policy developments, the implications for communities and what the role of the churches can be in helping to deal with the issues. Climate Change.- Global Food Systems- The next Decade, Vicars, Hall, 1 Ith to 12th May 2022 Since the worfd was first gripped by this p8ndernio. more Ih8n 130 million people have been plunged into food insecurity. while the trajectory of nature loss and climate heating h85 Wntinued to acceleiate. In the next few years. food sy5tetll5 will be at the intersection of the action pathways needed for a net zeio climate iesponse and a nature-P051tive future, and for tackling the related and growing global inequalities. Who will now set the future narratives on food? Immediate action is necessary to embed food systems change in the UN and global agenda for the next decade. Following an initial meeting at the Royal Botanic Gardens, Kew, a conversation has begun be￿een leaders drawn from the human development, health, faith, dimate, biodiversity and anirnal we￿are sectors to explore how greater collective impact might be achieved. The Consuhation addressed these issues. st George's House Annual Lecture, Tuesday 31$t May 2022. 6=30pm Climate Justice 18 key to addressing the Climate Crisi5, by Mary Robinson Mary Robinson 15 Adjunct Professor lor Climate Justice in Trinrty College Dublin and Chair of The Eldeis. She served as Piesident of Iieland from 1990-1997 and UN High Commissioner for Human Rights from 1997-2002. She is a member of the Club of Madrid and the recipient of numerous honours and awards including the Presidential Medal of Freedom from the President of the United States Barack Obama. Senior Faith Leadership, Wicars, Hall, 14th to 16th June 2022 The second module of the inter-faith gathering for 2022, which brings together emergent leaders trom the three Abrahamic faiths around issues ol leadership and inter-faith exploration. Clergy Course, God.. Some Conversations, Monday 4th to Thursday 14th July 2022 An in-peison len-d8y iesidenlial dergy course when p8rtiGip8nts Considered some of the major issues facing the Churth and society tod8y. Among the topics to be covered. apart from those 5pecilicalty church-related led by the Dean and the Warden, weie se5510n5 on the State ol the Nation (Lord Waldegravel, Care Issues (Vic Raynerl, Business Isir Philip Augarl, Children and Young People (Michelle Lee-lzul, International Affairs (Sir Andrew Woodl, and the Arts (Programme Director). Page 7

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Society of Leadership Fellows Leadership Fellows, Leading with Integrity IF2FI Monday 6th to Tuesday 7th September We might talk the talk, but do we REALLY walk the walk? This is the challenge that we put lo ourselves al this Conversation. We set out a series of challenging behaviours th81 Fellows have identified as necessary for us lo be satisfied that we're leading with integrity. What more should we each be doing to ramp up the standard of integrity th81 we expect of ouisehfes and really set an exarnple that those around us WANT to follow? Should we - as we asked ourselves last titne- set higher boLJndaries in those relationships where levels of integrity are okay but not as high as we judge them to be in some other relationships? Leadership Fellows, Addictions and Freedom IF2FI, Monday 20th to Tuesday 21st September Why would anyone want to come to a Conversation on addictions? The irnrnediate answer is that they are the cause of much of the dysfunctionality that most inhibits our effectiveness, both our own and our organisation's. It is the subtlety of compulsive and addictive behaviours that gradually lull us into a state of sleepwalking. The pandemic of course exposed many of these for what they were. but it is not long before we settle back into them old and new pattems. One of the key skills of 8 leader is the ability to see thi5 kind of sleepw81king snd to wake people up - however unpopular this rnay make us. Jim Collins famously coined this as 'facing the brutal facts, in hi5 book 'Good To Great.. During this Conversation we ctsn51dered the cause and effect of addiction, the realities and repeicussions In our workplaces, and our role as leaders in shifting these patterns. Leadership Fellows. Leadership and Legacy IF2FI. Sunday 10th October to Wednesday 13th October There is a time in our leadership journeys when we shift perspective. We start to emerge from roles, constraints and patterns that are to some extent defined for us- whether at worf( or at home- and to sense into how to be a freer and fuller expression of our true calling. As Parker Palmer puts it-'is the life we are living true to the life that's living in us?, Is there a sense of something else ￿lling us into a bigger story than the one we are inhabiting at present? And this is not an exercise in vanity. around feeding our own sense of significance. Rather it is the opposite- a letting go and a deepening of service and hurnilily.. What are we seeing that is so needed in the world around us right now. however near or far we look... and if not us. then who? And what rnight really possible if we weie willing lo Iiust ourselves, and others, enough lo step more cleady. fully and freely into it? Leadershlp Fellows, Strong back soft front Iremotel, Thursday 14th October How we manage the conflicting emotions and energies within us when we have to show up strongly and firmly behind tough decisions whilst remaining cornpassionale and sensitive to those caught up in them? Leadership Fellows, Organisations as Conversations, Wednesday 3r(J November 2021 This conversation looked at the extraordinary power we possess as leaders to shape both our own and others, experience of reality through18ngu8ge. It will airn to help us be more alert to the power of language 8nd more attentive. purposeful. 8nd often more 5LJbtle. in our interventions. L•ad•rship F•llows, Rè-imagining Tèam, Monday 8th to Tu•sday 9th Novèmbèr 2021 Sharing. Èxploring and developing our own experience of 'teams without boundaries,. In particular we looked at what we have learned about building common purpose and trusting relationships across some of the familiar structural and political schisms of organisational life. We also looked at the increasing spread of informal small, nested teams, (quads or triads) as a powerful force in mobilising organisational change and rapid adaptation. Leadership Fellows, Ethical Leadership, Thursday 2nd to Friday 3rd December 2021 During this conversation we considered who we are as leaders, how we tend to make decisions and what it lakes lo hold for the processing of ethical considei8lions. We also looked at il systemically, the ethical dilemmas we face. the courage and wisdom il lakes to build and rn8intain the ethical character of our org8nis8tion. Leadership Fellows, Lèader in the Mirror! Monday 6th to Tuesday 7th Decèmber 2021 What have been Fellows, most effective strategies for self-leadership so far, and what are the key lessons that we each take from the stories that others share? Specifically. what changes should we each be making in our habits as leaders to make us more effective in persuading others to follow suit? By the end we hoped to have sharpened up some general principles for getting tougher on the leader in the mirror. as well as supporting each other with sharpening up specific resolves in relation to our SELF-LEADERSHIP. Page 8

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Leadership Fellows, Rebalancing our lives as leaders and taking on our inner postponerl, Tuesday 14th December 2021 What are our top priorities for 2022 we are most likely to postpone and- knowing ourselves as we do- keep on postponing. We then explored what we rnighl each do to ensure that in 2022 we TAKE ON OUR INNER POSTPONERI We hoped lo end up with two or three resolves that we might ordinarily ty to postpone and now intend lo act on decisively in the early weeks of the New Ye81. Leadershlp Fellows, The Humble Dlsruptor, Thursday 20th to Frlday 21st January 2022 Our stereotype of the disruptive leader tends NOT to be one in which we associate that leader with a high degree of humility! Imagine that you could combine a readiness to be more disruptive, and to say some things that others don't particularly want to hear, with a desire to demonstrate humility, for example by encouraging others to push back if they are not persuaded by your proposition. Would this make you rnore effective as a disrupto Leadership Fellows, Leader to Leader Exchange via Zoom 2022 14th Jan, 18th Feb, 18th Mar, 22nd Apr, 13th May, From 12.00pm - 2pm Leadership Fellows, Keeping Per8pectivg- Seeing our Seeing, Wednesday 2nd March 2022 This conversation followed the 'WISDOM IN LEADERSHIP, therne and is de51gned to enable YOLJ to do a quick pause, check and reset. It Is an inevitable ctsnsequence of leadership that to some extent we get 'sucked in, to the 'systems' we are leading in, even though our job is to revitalise and renew these. More insidiously, we lose sight of how wider social forces are unconsciously shaping us- not always for the better. What are we 'putting up with, that we should be challenging? Also, as we focus on our own responsibilities, we can lose sight of why and how others are pursuing theirs. Leadership Fellows, For such a time as this... Complexity and Chaos, Monday 14th to Wednesday 16th March 2022 An opportunity lo take a pause from life's demands and Come to a generative and Creative space to reflect on your life, past. present and future. It was for those who want lo pause. take stock, reflect and awaken to a freer and fuller expression of Iheii leadership in these limes today. Leadership Fellows, Fostering Wisdom, Thursday 7th to Friday 8th April 2022 How do we create 'safe space, within our own systems for people to be able to pause and look more deeply at who they are and what is needed of them not just in a developmental setting, but in the day to day running ol a demanding organisational setting. Leadership Fellows, Rehumanising Working Life, Thursday Sth to Friday 6th May 2022 Are we losing the'human touch, in our ways of working? What has our experience in the pandemic helped us see in relation to this? Are people increasingly being 'instrumentalised' by new expectations of performativity. new patterns of soual control. including digtsl. Al. the new 'machine age, and other forces? What is the impaot on ment81 health and perfonnance? Why has 'wellbeing' become such 8 fadoi in our oiganis8tion81 lives? Is it woiking... Lèadèrship Fèllows, Aehi•ving morè purposèful connèetion as lèadèrs, Sunday 15th to Wèdnèsday 18th May 2022 This three-night Conversation followed our 'GROWTH' theme and draw on." achieving a deepei CONNECTION with others through the principle of connect not convince. developing a keener sense of our personal PURPOSE as leaders, that is so key to how we focus our energies and deline success, and achieving this all with a real sense of HUMILITY and desire to become ever more empowering of others. Leadership Fellows, Crafting your story as a leader IREMOTEI, Thursday 16th June 2022 Building on our theme of 'GROWtH" we engaged with all of these challenges 85 well as supporting each other with uafting the core propositions in our personal leadership stories. Leadership Fellow8, Crafting your story as a leader, Friday 17th June 2022 Mole and tnore we feel under pressure to tell our stories as leaders. We are reluctant to corne acioss as self-centred and yet we know that we are required to offer some sort of summary of our personal leadership joumey. Should we expect to share some of our previous leadership experiences to establish our credentials for our current role? Page 9

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Leadership Fellows, The 'Character of an oryanisation- and how it is different from 'culture', Thursday 30th June to Friday 1st July 2022 The character of our organisations has been tested in recent years, irreversible courses of action have been taken that shape our identity. Building character 15 not a fixed stale for us as individuals. nor is it for our organisalions It 15 rather 8 life- long process of becoming that gels seen most starkly when tested. How do we define character and differentiate il from culture? Publlc Benefit The House continues to focus on its charitable objectives with due regard to the public benefit guidance issued by the Charity Commission. In order to rnake our prograrnme as widely acTrssible as possible we actively welcome donations and make use of our investments and voluntary income accordingly. In this way, partiapanls can usually attend our social and ethical work free of charge which in tum broadens the range of people we can actively engage. Under our core aim of nurturing wisdom through dialogue we believe that people from right across society take away from Windsor various degrees of personal and professional development which they can put to use for the greater good. Our consultations and leadership conversation are geared to making a better so¢iely foi all. Financial Review The Trust's income from its core activities of running Consultations, undertaken by both extemal organisations that use the laalities and those Consultations run by the in house team is £628,1131£141,718 in 2020r20211. Sponsorship re￿iVed for speafic Consultations, which is included in course fees, amounted to £48,4901£7,630 in 2020120211. The other sources of income for the Charity are from Donations excluding Endowments., £120,6431£9,151 in 2020120211, Associates. Subscriptions £22,2421£23,990 in 2020120211 and Investment Income £230,418 {£224,818 in 2020120211. Costs relating to Courses were £722.7081£489,014 in 2020r20211. The increase in costs reflects that the House is again open post pandemic. The overall financial position for the year saw an operating surplus of £123,886 Ideficvt of £225,774 in 2020120211 before movements on investments. For the past 2 years no income was added to the investment portfolio. The portfolio suffered unrealised losses of £275,971 before investment management charges, compared wrth an increase of £577,029 in the previous year. Our year end valuation for investments held is £5,555.282 1£5.831,253 in 2020120211. The House Finance and General Purposes Committee monitors the charitys inve5trnents and is satisfied with the way in which it is managed by Cazenove adhering to the approved investment policy. The Policy aitn5 to produce the most advantageous financial ietuin5 from investment5 Wlthin an acceptable level of risk by using suitable & responsible investment vehides. The current objective is to generate a revenue stream of investment income of around £220,00014010l, while growing the value of the investment at least in line with inflation. Assets should be invested in line with the aims of St George's House, taking into account such factors as their impact on climate, employment practiTrs, sustainability, human rights, and community impact and board accountability. The Trustees consider that the income returns achieved in the year of £230,418 (£224,818 in 2020120211 are pleasing in light of the difficult economic climate and have performed well against budget in the year. Bank balances of £374,054 (£234,870 2020120211 includes £242,181 held in respect of restricted fvnds 1£185.387 2020120211. Page 10

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Plans for future periods For the corning year the House fa￿$ a number of key objectives.. To develop the programrne of inlem81 Consultations in keeping with the ethos of the House. To wntinue developing our leadership piogramme under the banner Society of Leadership Fellows. To provide a range of Clergy Consultations that will offer opportunities lor continuous professional development to clergy at all levels. This will indude a review of our current Consultations to maintain existing relationships with external partners and attract new partners as appropriate. To host at least three cultural events aimed primarily at members of the College community. To schedule the St George's House Annual Lecture, the Elson Ethics Lecture. To fundraise for the work ol the House. This combines ongoing short-term fundraising for individual consultations and a longer temi plan to establish an endowrnent sufficient to underwrite all programme costs. Risk8 and reserves The Tll8ttei of reserves has been considered by the Board of Trustee5 and they consider that, given the level of current funds, the Charity is now in a position to hold a moderate level of ieserves to meet unforeseen cost5 and to enable the House to pursue a compiehensive programme of Consultations in the event of a reduction in Income. The Board believe a figure of approximately 5-6 months of normal expenditure or around £450,000 would be a prudent amount to hold. At 31 August 2022 the Trust had total funds of £6,797,160 including endowment funds of £4,496,668 and restricted funds of £843,760, and additional amounts invested in functional fixed assets amounting to £10,974. This leaves uncommitted funds lor free reserves") of £1,445,758. This is more than sufficient to meet the amount of reserves that the Board believes il is prudent lo hold. The Ttustees are required to consider on 8 regul81 basis the iisks facing the Gharity and the systems and actions required to mrf(ig8te these risks, as well as the question of 8ppropri8te reserves. The Board have approved a comprehensive Risk Assessment prepared by management and covering Govemancel Management.. Operational Risks.. and Financial Risks. This is reviewed on an annual basis. The Trustees have noted that the prinapal risks facing the House relate to finance, security and compliance wrth relevant legislation in for￿.. on finance. the current level of general reserves as shown in the accounts is considered satisfactory. The House is insured for business continuity. on security, the f8bric of the House is insured against the usual risks including teriorism, and the House and its user5 benefit fiorn the protection which the Metropolitan Police provide to the whole of Windsor Castle. The House also has appropriate insurance In respect of Third Party Liability. Fundralslng practlce The Charity does not actively seek funds from the general public and therefore does not need to implement specific procedures to govern fundraising. However in the past the Charity has received donations from supporters of its work and will continue to welcome these in the future. Going concern After making appropriate enquiiies, the trustees have a reasonable expectation that the Charity has adequate resources to continue ill operational existence for the foreseeable future. For this reason they continue to adopt the going con￿rn basls in preparing the financial statements. Further detsils regarding the adoption of the going concern basis can be found in the Accounting Policies. Page 11

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Trustees. responsibilities statement The Trustees (who are also Directors of St George's House Trust (Windsor Castle) for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in ac￿rdanCe with applicable law and United Kingdorn Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). Company law requires the TIu5tee to prepare fin8ncial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a trLJe and fair view of the state of affairs of the charitable company and of the incoming resources and application of reSoUr￿s, including the income and expenditure, of the charitable company for that period. In preparing these linanaal statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgments and accounting estimates that are reasonable and prudent.. prepare the financial statements on the going ￿n￿rn basis unless it is inappropriate to presume that the charitsble company will continue in operation. The Trustees are respon51ble for keeping adequate accounting records that ale sufficient to show and explain the charitable company's transactions and disclose with ieasonable accuracy at any time the financial position of the charitable company and enable him to ensure that the financial statements comply with the Companies Act 2008. They are also responsible for safeguarding the assets of the charitable company and hen￿ for taking reasonable steps lor the prevention and detection of fraud and other irregularities. Disclosure of information to auditor The Trustees al the time when this Truslee5' Report is approved has confirrred Ihal.. so far as that Trustees 8ie 8W8ie. there is no relevant audit information of which the charitable wmp8ny's auditors ale unaware, and that Trustees have taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware ol that infom)ation. Auditor Under section 487121 of the Companies Act 2006, Menzies LLP will be deemed to have been reappointed as auditors 28 days after these financial staternents were sent to members or 28 days after the latest date prescribed for filing the acwunts with the registrar. whichever is earlier. Small Companies Note In pieparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report, incorporating the Directors. Report, was approved by the Trustees, in their capaaty as company directors, and signed on their behalf by.. Do¢uSIgNdby'. everend D J Conngr KCVO Date." 22 November 2022 Page 12

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) Opinion We have audited the financial statements ol St George's House Trust Iwindsor Castle) (the 'charitable company'l for the year ended 31 August 2022 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 Kingdorn Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standaid applicable in the UK and Republic of Ireland, Iunited Kingdom Generally Accepted AccoLJnting Practice). In our opinion the finanaal statements.. give a true and fail view of the stste of the charitable companvs affairs as at 31 August 2022 and of its incoming reSoUr￿S and application of resources, induding its income and expenditure for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirernenls of the Cornp8Nies Act 20CE. Basis for opinion We conducted our 8udit in accordance with Inlemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards 8ie further described in the Auditors, responsibilities foi the 3udil of the fin8nci81 statements section of our ieport. We ale independent of the charitable company In accordance with the ethic81 requirements that a18 ielevant to our audit of the financial statements in the United Kingdom. including the Finanaal Reporting Council's Ethical Standard, and we have fulfilled our tsther ethical responsibilitie5 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 concem In auditing the financial staternents, we have concluded that the Trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any materi81 uncertainties relating to events or conditions that. individually or collectively. m8y ¢8St signilicant doubt on the chaiitable ￿mpanY'S ability to continue 85 a going concern for a peiiod of at least twelve rnonths from when the finanGial staternents ale authorised for issue. Our responsibilities and the respon51bilities of the Trustee5 Wrth respect to going concem are de￿libed in the relevant sections of this ieport. Page 13

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (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, ex￿pt to the extent otherwise explicitly stated in our report, we do not express any form of assurance condusion thereon. Our responsibility Is to read the other infoirnation and, In doing so, consider whether the other Information Is materially Inconsistent with the financial statements or our knowledge obtained in the couise of the audit, or othetwise appeals to be matèrially misstated. If wè identify such material inconsistenaes or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial ststements 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.. the information given in the Trustees. Report for the financial year for which the finanaal statements are prepared is consistent with the financial slatemenls. the Ttust88s' R8port ha5 been prepared In accord8nc8 with applicable18g81 requirern8nts. Matters on which we are required to report by exception In the light of our knowledge and understanding of the chgritgble cotnp8ny 8nd its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, 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.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the finanrial statements are not in agreement with the accounting records and retums.. or certain disclosuie5 of Trustee5' rernuneration specilied by law are not made". or we have not re￿iVed all the information and explanations we require for our audit", or the Trustees were not entitled to prepare the linanaal statements in accordan￿ with the small companies regime and lake advantage of the small companies. exernptions in preparing the Trustees, Report and from the requirement lo prepare a Strategic Report. Responsibilities of trustees A5 explained more fully in the Trustees, Responsibilities Slalernenl. the Trustees (who are also the directors of the ch81it8ble cornpany foi the purposes of company lawl are responsible foi the pieparalion of the financial statements and for being 58tisfied that they give a true and fair view. and for such internal control as the Trustees determine is necessary to enable the pieparation of financial staternents that are free fiotn material misstaternent, whether due to fraud 01 error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going contsrn basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but lo do so. Page 14

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (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 8 guarantee that an audit conducted in aC￿rdanCe with ISAS IUKI will ahfifays det8Ct 8 material misstatement when it exists. Misstatements cAn arise from fraud 01 eiroi and are considered material if, individually 01 In the aggregate. they could ieasonably be expected to influence the economic decisions of users takèn on the basis of these financial statements. Irregularities, induding 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, induding fraud. The extent to which our prO￿dureS are capable of detecting irregularities, including fraud is detailed below.. The charitable company is subject lo18w$ and iegul8lions that diredy affe¢t the financial Slalements induding financial reporting legislation. We determined that the following laws and regulations were most significant including the Charities Act 2011, Health and Safety regulations and employment law. We assessed the extent of compliance with these laws and regulations as part ol our procedures on the related financial statement items. We understood how the charitable company is complying with those legal and regulatory frameworks by making inquiries to management and those responsible for leg81 and cotnpli8nce proceduie5. We cotroboiated our inquiries through our review of board minutes. The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities lo identify or recognyze non-compliance with laws and regulations. The assessment did not identify any issues in this area. We assessed the susceptibility of the charitable company's financial slalements lo material rnisstatemenl. induding how fraud might occur. We considered the opportunities and incentives that rn8y exist within the organis81ion for fi8ud and identified the greatest potential for fraud in the following areas,- p05ting of fraudulent journal entiies, authorisation, processing, and payment of fraudulent expenses and timing ol revenue recognition. Audit procedures performed by the engagement team included.. Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud Understanding how those charged with governance considered and addie55ed the potential for override of controls or other inappropriate influence over the financial reporting process., Challenging assumptions and judgments rnade by management in its significant accounting estimates., and Identifying and lesling journ81 entries, in p8rticul8r any journ81 entries posted with unusu81 account combination. 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 finanaal 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-complian￿. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion. omission or misrepresentation. A further description of our responsibilities for the audit of the financial staternents is located on the Financial Reporting Council's website al.. www.frc.or .uklaudilorsres onsibilities. This description forms part of our Auditors, Report. Page 15

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (CONTINUED) 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 rnight state to the charitable companys members those matters we are required to state lo them in an Auditors, Report and for no other purpose. To the fullest extent P81rnitted by law, we do not accept or assume iesponsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this ieport, or for the opinions we have fortned. Do¢uSlgn•d by.. 634F24D&92A4471 Janice Matthews FCA (Senior Statutory Auditor) for and on behalf of Menzies LLP Chartered Accountants Statutory Auditor Centrum House 36 Station Road Egharn Surrey TW20 9LF Date.. 06-Dec-2022 Page 16

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2022 Unrestricted funds 2022 Restricted funds 2022 Endowment funds 2022 Total funds 2022 Total fuftds 2021 Note Ineome and endowmènts from: Donations and legacies Charitable activities Investments 144,212 679,065 57,479 144.212 679.065 230,420 92,677 144. 161 224,818 172,941 Total incorne and *ndowm•nts 880,756 172.941 1,053.697 467,656 Expenditure on.. Raising funds Charitable activities 2,127 807,013 6,406 67,451 8,533 921,278 8,367 679,063 46,814 Totsl expenditure 809,140 73,857 46,814 929.811 687.430 Net incomellexpenditurel bgfore net Ilossesllgains on Investments Net Ilossesllgains on investments 71,616 99,084 146.8141 123.886 (225, 174) 168,8281 128,6221 1178,S211 1275,9711 577,029 Net incomellexpenditurel Transfers between funds 2,788 40,000 70,462 140,0001 1225,3351 1152.0851 357.255 16 N•t mov•m•nt in funds 42,7B8 30,462 1225.3351 1152.0851 357,255 Reconciliation of funds= Total funds brought forward 1,413,944 42,788 813,298 30,462 4,722,003 1225,3351 6,949,245 11 $2,085) 6,597.990 351,255 Net rnovement in funds Total funds carried forward 1,456,732 843.760 4,496.668 6,797.160 6,949,245 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 20 to 36 form part of these financial statements. Page 17

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) REGISTERED NUMBER. 3597496 BALANCE SHEET AS AT 31 AUGUST 2022 2022 2021 Not Fixed assets Tangible assets Investments 914,474 5,555,282 957,(M4 5,837,253 12 6,469.756 6, 788,297 Currènt assèts Debtors Cash at bank and in hand 13 89,469 374,054 80,048 234,870 463,523 314,918 Creditors.. amounts falling due within one year 14 1136,1191 (153.970) Net current assets 327,404 16Q,948 Total assets less current IlabllStles 6,797.160 6,949,245 Total net asset8 6,797.160 6,949,245 Charity funds Endowment funds Reslricled funds 16 16 4,496,668 843,760 1,456,732 4, 722.003 813,298 7,4t3,944 Unrestricted funds 16 Total funds 6,797.160 6,949,245 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial staternents have been prepared in accordance with the provisions applicable to entilies subject to the small cornp8Nies regirne. ift¥ldknt8tements were approved and authorised for issue by the Trustees and signed on their behalf by.. '¥￿A￿lIA&DEvJIt2 The Right Reverend D J Conner KCVO Ichaii of Trustees) Date.. 22 November 2022 The notes on pages 20 to 36 form part of these financial statements. Page 18

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2022 2022 2021 Cash flows from operating activities Net cash used in operating activities 178,6561 (343. 7251 Cash flows from Investlng actlvltles Dividends. interests and rents from investments Purchase of tangible fixed assets 230,690 112,8501 224.240 (5,4761 Net cash provlded by Investlng actlvltles 217,840 218,764 Cash flo￿ from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year 139,184 1124,9611 Cash and rash equnfalents at the beginning of the year 234,870 359,831 Cash and cash equivalents at the end of the year 374,054 234.870 The notes on p8ges 20 to 36 form part of these fingnci815t8tementS Page 19

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 General information St George's House Trust (Windsor Castle) is a private charitable company lirnited by guarantee, and incorporated in England & Wales. The registered address can be found on page 1 and details of the principal activities are set out in the Trustees. Annual Report. Accounting poli¢ies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charrties SORP IFRS 1021- Accounting and Reporting by Charities". Statement of Recommended Piactice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Sl George's House Trust (Windsor Castle) 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 accrjunting policy. 2.2 Going Concern The Trust h8S significant assets both in its General Fund 8nd in Endowed funds. In the opinion of the Trustees. the Foundation 15 a going concern foi at le85t twelve months fiorn the date of approval of these financi81 statetnents and foi the foie5eeable future. 2.3 Incom• All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income from consultations is recognised in the period in which the consultation is held. Money received in respect of consultations in future periods is carried forward as deferred income. Grants are included in the Statement of Financial Activities on a re￿Ivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in 8dv8nce of entitlement of receipt. Its recognition is deferred and Included in ueditois 85 d8f8ired Income. Wh818 entit18tnent occurs before incorn8 is r8ceived, the income is acctued. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 2.4 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the arnounl of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are rnade up of the total of direct ￿SIS and shared costs. induding support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one 8Ctivrty and sUPPOrt costs which are not attributable to 8 single activity are apportioned between those activitie5 on a basi5 consistent with the use of resources. Page 20

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Accounting policies Icontinuedl 2.4 Expenditure Icontinued Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and indudes costs of all fundraising activities events and non-charitable trading. Expendfcure on charitable activities is incurred on directly undertaking the activitie5 which further the Companys objectives, as well as any associated support costs. All expenditure is Inclusive of Irrectsverable VAT. 2.5 Govèrnmènt grants Govemment grants received as a result of the fudough scheme a￿ recognised in income when the company is entitled to the money. 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £1,000 or rnore are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be Measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model. tangible fixed assets are rneasured at C05t less accumul8ted depreeiation and any accumulated impairment1055es. All costs incuried to bring 8 tangible fixed asset into its intended working condition should be included in the measurement of wst. D@pre￿￿tion is charged so as to allocate the cost of tangible fix8d assets less their residual value ov81 their estimated useful lives. Depreaation is provided on the following bases.. Long-term leasehold property Fixtures and fittings Straight Line over 40 years 25°/o reducing balance 2.7 Investments Fixed asset investments are a fomi of financial instrument and are initially recognised at their transaction cost and subsequently rneasured at fair value al the Balance Sheet dale, unless the value cannot be measured reliably in which case it is measured al cost less itllpairmenl. Inveslrnent gains 8nd losses. whether realised or LJnre3lised, are cornbined and pie5ented as 'GainsllLosse51 on investments, in the Statement of Finana81 Activitie5. Page 21

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Accounting policies Icontinuedl 2.8 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a Iransler of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilrties are recognised at the arnount that the Cotnpany antlaP8tes it will pay to settle the debt or the aTnounl It has received as advanced payments for the goods or services It must provide. Provisions are measured at the best estimate of the amounts required to setue the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.9 Financial instruments The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrurnents are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently rlleasured al amortised cost using the effective interest method. 2.10 Pen$ion¥ Th8 Cornpany op8rat85 a defin8d contribution p8nsion sch8tn8 and the p8nsion ch8rg8 r8p185ents the amounts payable by the Company to the fund in iespect of the year. 2.11 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Restricted funds are funds which are lo be used in accordance with specific restriotions imposed by donors or which have been raised by the Company 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 slatemenls. Invesltnenl incorne, gains and losse5 ale allo¢*ed lo the appropriate fund. Endowment funds are funds which have been given to the company to be invested to piovide an incomè to support the activities of the company, or in the case of the Capital Fund represent the costs of refurbishing the property from which the company operates. Page 22

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Income from donations and legacies Unrestricted funds 2022 Total fund5 2022 To181 funds 2027 Donations Legacies Government grants Associate Subscriptions 11,905 108,738 1,327 22.242 11,905 108,73B 1,327 22,242 9, 151 59,536 23.990 144,212 144,212 92,677 Grant Income Funds were received during the year under the Govemrnent's Coronavirus job retention scherne. There were no unfulfilled conditions or other contingencies attaching to the grant. No other form of govemrllent assistance was received during the year. All incorn8 in the year end8d 31 AugLJSt 2021 was unrestricted. Page 23

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Income from charitable activities Unrestricted funds 2022 Total fund5 2022 To181 funds 2027 Income from charitable activities- Courses and Consultations 679,065 679,065 144, 761 All income in the year ended 31 AugLJSt 2021 was unrestricted. Investment Income Unrestricted funds 2022 Restricted funds 2022 Total funds 2022 Total funds 2027 Investment income 57.479 172,941 230,420 224.818 Tot812021 56,731 168,087 224,818 Of the restricted fund investment In￿Me of £172,941 12021.. £168.0871, £144,86412021.. £144.8641 was generated on endowment fund balan￿S (Note 161. Page 24

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Analysis of expenditure on charitable activities Summary byfund type Unr￿trIcted funds 2022 Restricted Endowment fund8 funds 2022 2022 Totsl 2022 Total 2021 Courses and Consultations 655,257 151,756 67,451 722,70B 198,570 489,014 19D,049 Support 8nd House 46,814 807,013 67,451 46,814 921,278 679,063 Tot812021 546, 766 85,483 46,814 679,063 Analysi¥ of expenditure by activities Activitie¥ undertaken dir8CtIy 2022 Support eosts 2022 Total funds 2022 Total fuftds 2021 Courses and Consultations Support and House 722,708 722,708 198,570 489,014 190,049 198,570 722.708 198,570 921,278 679,063 Total 2027 489,014 190,049 679,063 Page 25

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Analysis of expenditure by activities Icontinuedl Analysis of direct costs Total funds 2022 Total funds 2021 Staff cost5 283,794 270,651 824 294, 726 105.652 838 E5tablishrnent Motor & travel costs Direct Course Expenditure offi￿ Expenses Sundry Expenses Le8d8iship fellows 34,387 26,549 23,949 82,554 6,554 29,388 7,692 44, 784 722,708 489,014 Analysis of support costs Totsl fund¥ 2022 Total fvnrls 2021 Staff costs 22,481 55,150 54,870 17,988 33,238 22,436 53, 736 55,311 13,046 28,772 1,471 1,627 11,085 515 Depreciation Rent Light & Heat Repairs & Maintenan Loss on disposal of fixed assets Interest Payable Accountancy fees Bad debt 2,182 9,645 Consuttancy fees 3,014 2.650 198,570 1QO,049 Page 26

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Auditors. remuneration 2022 2027 Fees payable to the Company's auditor for the audit of the Company's annual accounts 7,350 7,350 Fees payable to the Companrfs auditor in respect of". All non-audrt S8fVIC8s not induded above 3,375 3, 735 Staff costs 2022 2021 Wages and salaiies Soci81 security costs Contribution to defined contribution pension schemes 271,037 17,843 17,395 272. 725 26,220 77,617 306,275 3t6,562 The average number of persons employed by the Company during the year was as follows.. 2022 No. 2021 No. Finance Secretarial & consuK8tion The nurnb8r of employe85 wh058 employ88 b8n&fits lexclLJding ernploy8f P8nsion costs) exce8ded £60,000 was.. 2022 No. 2027 No. In the band £80,001- £90,000 Wages and Salaries includes a sum of £16.50012021'. £16,500) charged by The Dean and Chapter of St George's Chapel in respect of the remuneration of the Warden. Remuneration and benefits received by key rnanagement personnel amounted to £187.42212021.. £186.87111. 10. Trustèès, rèmunèration and èxp•ns•s During the year, no Trustees received any remuneration or other benefits (2021- £NIL). During the year ended 31 August 2022, no Trustee expenses have been incurred 12027 - £NILI. Page 27

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 11. Tangible fixed assets Building Improvement Fixtures and fittings Total Cost or valuation At 1 September 2021 Additions 1.872,560 469,467 12,580 2,342,027 12,580 At 31 August 2022 1.872,560 482.047 2,354.607 Deprèeiation At 1 September 2021 Charge for the year 936,281 46,814 448,702 8,336 1,384.983 55,150 At 31 August 2022 983,09S 457,038 1,440,133 Net book value Al 31 August 2022 889,465 25,009 914,474 At 31 August 2021 956,279 20,765 957,044 12. Fixed asset investments Listed investments Cost or valuation At 1 September 2021 Revaluations 5,831,253 1275,9711 Al 31 August 2022 5,555.282 Page 28

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 13. Debtors 2022 2021 Due within one year Trade debtors Other debtors Prepayments and accrued incorne 14,425 59,851 15,193 6.842 65.374 7,832 89,469 80,048 14. Creditors- Amounts falling due within one year 2022 2027 Trade creditors Other taxation and social security Other cieditors Accruals and deferred income 48,795 7,028 1,325 78,971 31,624 7,003 663 108.680 136,119 153,970 Deferred income represents consultation fees received in advance. Movements are as follows:_ 2022 Deferred income Deferred incotne at 1 September 2021 Resources deferred during the year Amounts released from previous years 70.885 34.152 164,1951 Deferred income at 31 August 2022 40,842 Page 29

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 15. Financial instruments 2022 2021 Financial assets Finan￿al assets measured at f8ii value through incotne and expendituie 5.555,282 5,831,253 Finanaal assets rneasured at fair value through income and expenditure comprise fixed asset investments. The value of investments calculated with reference to the rnarket value of the shareholding. Page 30

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 16. Statement of funds Statement of funds- current year Balance at 1 September 2021 Transfers inlout Gainsl Balance at 31 (Losses) August 2022 Income Expenditure Unrestricted funds General Funds 1.413,944 880,756 1809,1401 40.000 168,8281 1,456.732 Endowment funds Capital Endowment Fund 950,315 148,8141 903,501 Director of Studies Endowment Fund 1,900,8S1 189,9761 1,810,875 Consuhation Support Endowment Fund Elson Ethics Fund 1,695,393 175,444 180,2511 18,2941 1,615,142 167,150 4.722,003 146,8141 1178,5211 4,496.668 Restricted funds Annual Lecture Elson Ethics Fund Directors of Studies Fund CSF Restrided 45,396 17,354 2,327 6,928 18,8051 11,9891 12,7851 36,133 22.293 23,682 726,866 75,OB2 88,604 159,7821 13,2811 38.982 746.352 140.0001 125,8371 813,298 172,941 173,8S71 140,0001 128,6221 843,760 Totsl of fund8 6.949,245 1,053,697 1929,8111 1275,9711 6,797.160 Page 31

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 16. Statement of funds Icontinuedl Statement of funds- prior year Balance al I September 2020 Balan￿ at 31 August 2027 Transfers n/out Gains/ (Losses) InGome Expendilu Unrestricted funds General Funds 7,475,516 293,569 (548,853) 50,000 143,912 1,473,944 Endowment funds Capital Endowment Fund 997, 129 146,814) 950,315 Director of Studies Endowment Fund 7, 712,719 188, 132 t,90Q,851 Consuhation Support Endowment Fund Elson Ethics Fund 7,527.595 t58, 103 167,798 17,341 1,695,393 175,444 4,395,546 146,814) 373,277 4, 722,003 Restricted funds Annual Lecture Elson Ethics Fund Directors of Studies Fund CSF Restrided 37,761 10,996 2,260 6, 730 {447) {372) 5,822 45,396 71,354 38,402 639.969 73,007 86,090 (87,727) {3.217J 23,682 726,866 (50,000? 54,024 727, 128 168,067 191,763) (50,000) 59,846 8t3,298 Totsl of fundB 6,597,990 467,656 (687,430) 577,029 6,949,245 Page 32

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 16. Statement of funds Icontinuedl The incoming funds of the charity include endowment funds comprising the following unexpended balances of donations to be applied for speafic purposes. as described below.. Capital Fund The Capital Fund represents the costs for refurbishing Sl George's House. The annual depreciation charge in respect of the assets acquired using this fund 15 expended as an outgoing res0Ljr￿. Consultatlon Support Fund An expendable endowment fund to provide income for the Consultation Support fund. Income from the related endowment fund to be used to fund bursaries for attendees at consultations. Director of Studies Fund An expendable endowment fund to provide income for the Director of Studies fund. Elson Ethics Fund An expendsble endowment fund lo provide incorne for the Elson Ethi&s fund. The incotning funds of the charity indude restricted funds comprising the ft)Ilowing unexpended balances tsf dtsnations to be applied lor speafic purposes, as described below". Annual Lecture Fund To fund an Annual Lecture given by a distinguished lecturer speaker on relevant issues. Elson Ethics Fund Income from the related restricted fund to be used to fund expenses associated with lectures and consultations on ethi￿. Diraetor of Studias Fund Income from the related restricted fund to be used for the Director of Studies of St George's House. Transfers between funds Transfers between funds represents monies taken from the ConsuKations Support Fund to use against the current year costs ol running the programme Page 33

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 17. Analysis of net assets between funds Analysis of net assets be￿een funds- current year Unrestricted funds 2022 Restricted Endowment funds funds 2022 2022 Total funds 2022 Tangible fixed assets Fixed asset investrnents 10,974 1,346,245 235.632 1136.1191 903,500 3,593,168 914.474 5,555.282 463.523 1136,1191 615,869 227,891 Current assets Creditors due within one year Totsl 1,45S,732 843,760 4,496,$68 6,797.160 Analysis of net assets be￿een funds- prior year Unrestricted funds 2021 Restricted runds 2027 Endowment runds 2021 Total funds 2027 Tangible fixed assets Fixed 85sel investrllenls Current assets Creditors due within one year 6,728 7.454.057 lQ7. 129 (153,970) 950.316 3. 771.687 957.044 5,837.253 314.918 (153,9701 605.5Q9 207, 789 Total 1,413,944 813,298 4, 722,003 6,949,245 Page 34

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 18. Reconciliation of net movement in funds to net cash flow from operating activities 2022 2021 Net inctsmelexpenditure for the year las per Statement of Financial Activities) 1152,0851 351,255 Adjustments for.. Depreciation charges Gainslllossesl on investrnents Dividends, interests and rents from investments Increase in debtors 55,150 275,971 1230,4201 19,4211 117,8511 55.208 (577,0291 (224,240) 22,003 29,078 Decrease in creditois Net cash used in operating activities 178,6561 (343. 7251 19. Analysis of cash and Cash aquivalants 2022 2021 Cash in hand 374,054 234,870 Totsl cash and Cash equivalent8 374,054 234.870 20. Analysls of changes In net debt At1 September 2021 At 31 August 2022 Cash flows C8sh at bank and in hand 234.870 139,184 374.054 234,870 139,184 374,054 Page 35

Docusign En¥ÈlopÈ ID". 28880EEF-CD1046E6-8CF&883772E5D6F9 ST GEORGE'S HOUSE TRUST (WINDSOR CASTLE) (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 21. Operating lease commitments At 31 August 2022 the Company had commitments to make future minimum lease payments under non<ancellable operating leases as follows.. 2022 2027 Not later than 1 year Later than 1 year and not later than 5 years Latei than 5 years 30,000 120,000 127,500 30,OQO 120,OL 157,5QO 277,500 307.5QO Operating lease payments recognised as an expense total £30,OtK) during the year12021." £30,000). 22. Members. liability Each mernbei of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while helshe is a metnber, 01 within one year after helshe ceases to be a mernbei, such arnount as may be required, not exceeding £1 lor the debts and liabilities contracted before helshe ceases to be a member. 23. Related party transactlons St George's House Trust (Windsor Castle) is related to the Dean and Chapter of St George's Chapel because the Dean and a number of the Canons are Trustees of St George's House. During the year. St George's House was invoiced £15.935 12021.. £14.6421 by St George's Chapel in respect of various recharged expenses. It also paid £30.000 12021. £30.0001 in respect of the leaseAicense of the property and £16.50012021.. £16,500) as 8 contribution towards the remuneration of the Warden. who Is one of the Canons of St George's Chapel. St George's House Invoiced St George's Chapel £10,487 12021.. 23471 in connection wrth the recharge of catering services. At the year end, St George's House owed St George's Chapel £11,499 12021". £nill in respect of these arrangements. St George's Chapel has granted a licence to the charity to occupy St George's House and Vicarfs Hall, which runs to 31 December 2031. Page 36