Ref.. NT34 The Howberry Chaiilable TruBI Ilegi5Iei'v.d Cliai'ily Nuniber.. 1080177 REI)OR'fAND FINANCIAI.S'I'ATI,;MLNTS For tho year elided 5 Aprll 2026 The Howberry ChAritable Tlugt CONTENTS Page Legal and Adniinislratlve Inforlnatlon Trustees, Aiinual Report Report of the Independeiit Examiner Slatomenl of FinDnclMI AclSvitie8 Balaii¢e Sheet Notes lo the Fliiaiiclal Statemeiil$ 8-13 The Howbe Charitable TtU8t LEGAL AND ADMINISTRATIVE INfoRMATION The Howbei'ry Chaiithble Tr1151 wa5 established undei. ll TLUSt dced dated 20 DecenibeK 1999, wlilcli deter111ined Ihe objects aiid powers. Tlie Hoiyberry Cliaiitable TrLlSt Is registei'ed witli tlie Chflllty Coniniisglon fvi. E11gland and Wales as ChAiity Number 1080177. TRUSTEES GeorBIA Celia Griniond Robertn Kate Grlmond Johii J95pei Grlmond PRINCIPAL OFFICE Tlie Hoiyberry Charitable Tru81 clo RFT MAnagemenl Servlcey Limited 14 Eluckingliam Street Ltsndoii WC2N 6DF INDEPENDENT EXAMINER Marlin and Cunipany Cliarlei'ed Aecouiilanty 25 St'fiiomtts Street Wlnclie51er Hamp8lilre S023 9HJ REGISTERED CHARITY NUMDEIi 1080177 Pa8e l of 13 The Howber Charitable TrtASt TRUSTEES, ANNUAL IIEPORT FOII THE YEAR ￿ND￿D 5 APRIL Z026 'riic TILislee" pi'eseiit trlieir repo*.t aloiig iiritli the ILIIGincial 51atctnents nl rlir)rily Inr the }iear L&tided 5 Aprll 2026. Tlie fiiiancial st<ei)ioiils liave beL5n prepared iii accoi'daiice willi the Ch on cl)arllii blo activliiey and %ovei'nAiice and di)ili)Islralii)n of Il)e Chni'ily. RESERVES POLILY 'he CAiiltal Is ali expeiidable eiiduwiiieiit aiid at this liiiie Il)e TrLislees do iiol ¢oiisider A 4pecifle Rese.rve Foll¢y i)oceysary. At Ilie il£)l¢iiice Slieet date Ilip free undisli'ibuled fiiiid slaiids ¢lt £13,806. INVESTMENT POLICY The I'rusieers liave 011 agreed iiiveslnient policy Foi. the Cliarills Investment poiilolio aiid liaye Inslrucled Ilie i11ve$lnieiit niai)a%er Ilial the portfolio is lo be Inve51ed lo produte a sliitdble nilx of liiconie and cipli&l 81'owlh, To Imeet Iliese objLlCtives, thL) Cliai'ity's Iiiveslmeiils are nianased acro$s a I'aiise OE K155oI clai>bes, niaiiil8ini118 divei'silicalion lo produce Mi) Ii pprupi.i￿te balaiice belweeii i'isk qIid rcturn. 'rhe TrLisIccs iiioiiiI(>r tlie perfoimance of the porilollo, by i'esuliir Iiiveslmei)I repor18 aiid meeiliigs willi Ilie investnieiit mDii8ser.g. FUTur(E PLANS .1 lie Ti'iislec8 do not eiivisa8e ai)y niatei'lal clii¢ nge$ l() Ilie oporollon of the Chai'lly. RISK MANAGEMENT T7ie Trustees are ¥?lislied tliat syslenis aye ii) place to tl)LtiAate Ilie t'15ks to wlilcli tlie C'liai'liy Is expo$p.d, KEY MANAGEMENT PERSONNEL The I'ruslee5 are ctyibldered lo be tl)e Key M8iihgenient Per50nJiel of the cliai'lly. The Trustees are not i'emunerated for Iheii. 5ei'vices and Il)ere are no pBid staff eniplnyed b}1 Ilie Trusl. Page 3 of 13 The Howberr Charitable Tru8t TRUSTEES, ANNUAL REPORT FOR THE YEAR BNDED 5 APRIL 2026 ICONT'DI STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE FINANLIAI. STATEMENTS 'Iho 'fi'iLSte.es are respoiisible for PL'ep8riiig the Ti'usleLJ.4' Ilepoil and tlie Ili)•llCicil slatemei)Is Iii aLcordaiice witli applicable law and Unlted Kingdom Accoiiiiting Siajidards (United Kli)gdoni GeJier¢)Ily Accepted Accoliiiliiig Piactlce). I'lie law applicable lo cliarlties Eii8laiid lind Wales i'equires Ilie Trustee8 to prepai'e flLl¢iiiclal statements lor Liach fiJiai)cial yeai. whlLli glve n trLie aiid f¢iiY view ol tlie stale of aflaii's of the Cliai'lly ,7iid of IhL' iiicomiiis re.soiii'ccs aL)d applSc8tioii ol I'osoiirces loi, that pei'iod. Iii prÈpAI'ln8 Iliose liiiaiicial 51atoiiienty Ilie Tru51ee& are i'equii'ed io.. Select $uilable accoLllltliig pollcle8 nL)d tlieii apply tliei)I consisleiitly,. Ob.%erve tlie nieiliuds ii l)d priiiciples IIi tl)e Clial'ffities SORP,. Make liidgnieiils oi)d L%lii)iales 11)at al'e i'e1É soiiable Hiid p)rLide.nl,' Pl'epare ilie linaneihl 8lalenient8 oli a soliig LOI)ceri) bayls uiiless 1118 lil￿PPrOPrIate lo pi'esume Ilial the clillrlty ivlll coiiiliiuc lil busliieys. Th¢ Ti'iislee5 are i'e8ponslble foi. koepliig pxopcr 47tt0Linilng i'ecordJ tlil£ t disclose wlili I'easni)able ncciirL1Cy lil cll)y timo Ilio fliif FR8 102 11 lid 1¢ reglstci'ed clihrily and tl)ei'efure lias also prepavcd it.s linil iieial 51¢ilerhieiits iii accurdaiiee will) tlie Slalemeiil ol Ilecomn)ended Praetlce applic¢ible lo cliarilies prepai'ing their AecoLintA in accordsiiice ivllh the Fliiancial Repnrtlll8 Slniid&rd oppllcable In the UK 1¢ 1)d Republic ul ILeland (Tiie FRS 102 Cliarllle$ SORP), and Clidrilies Aci 201 l. The lii)ancial stis lenient$ al'e pi'epared in slerllng, wliicli is tlie luncliunhl ciiryency of the. c(>mp)£ Iiy. Moiielary aiiiounls In tlies*e flnaiicial slhten)ent8 are i'ounded lo tlie. neare81 pouiid. Icl C701n8 Coneem Tlie liuslees coiisider thill Il)eie ale iio niHltrlal uncei'taiiilies about the Cliarltls ability to conliiiiie ay a SOiTiS roiicerii. T1ie niosl si8iillicaiil areas of iincei'lainty Ihiit ¢iEILLI Ihe ¢cirrylii8 valuL' (If Mssets lield by tlie Chil rity al'e 11)e Ivvol OE investn)ent relurn and the perforiiiaiicp ol Iiivcslnieiit illarkels (see tlic invcslniei)I policy ai)d pei'lorinance and i'lsk mohftsenient secliun$ of Ihe Irustees, aniiual repoi't lor more Iiiform•tloii}. Idl Pund Structure Uiire&lrlcted Fuiid.$ cvmpi'lse tho¥e fLhnd8 wlilcl) Ihe ti'uslees are freo Io Liqe lji accoi'clance wlth ihe charllable ubjects. The Efxpeiidmble F.iidowmeiit Fiii)d i'epi'esci)Is those asselslcdpilal whii.'h al'e h¢ld lor tlie loi)%ei' lerii) for Ilip. C.hai'ily, iii aceordonce willi thp le.r1115 of tl)e Trust Deed. Tl)e Expendable Endowniei)i Fiind f¢in be usod iii accoi'daiice willi Ilie objerl¥ of t11e Ch&irily and Iiicluded iii Ilie Uiii'esti'ictv.d Fiinds. Any capltcil 8•ll)8 or 105ye8 ai'5sliig ui) Ilie Ii)veslmoiils hcld111 Ihe. F.xpeiidable Eiidownieiil VuL)d form P&Trl't ol tl)lii fLind. lo tlieexleiil that graElts pald excecd thc ainouiit ava111¢ ble froni Iiicni)ie lund4, tr4nslcrs are iiiade frDrii Ilip F,xpendEtble Eiidtswi)ient. In¢oiiie 8ri51n8 on tlie F.xpondiible Endowniei)t Fund can be Iised Iii Ilie Unre51rlcted li)coii)e fiulld. (el Income All Iiiroiiie Is ieco81)15ed In the Slaleiiieiil ol FinaiiLLal Actlvities {SOFAI wlien the coiidilions (OY I'eceipt liavc beeli niet And thpre15 reasoiiable As¥urance ol I'eceipt. Wheie elaini lor rppaynienl of ii)conie iax11&8 beei) oi. will be made siieli Inconie is gro.ssed lip lor thc tax recover¢ible. 'I'lie lollowiiig dfLOUlltln8 policies are Applied lo dilfei'eiice rate801.les of iiicoThe', Ciwiits Doiintloiis Receiv¢rble GT%inls and donalioils al'e recogiiisyd in tlie S01',A wlieti conditioi)s loi reL¥lPt liave been eomplied witl). Iiivesliiieiit Iiicuiiie - liive51iiieJit inconie is accoiillted lor whpii i'eceivable and is staled 81'IXS5 ol aiiy ieclaii1)8ble tlc xatioii relief. Pa8e8of13 The Howberry CharAtAble Trust NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 AFRIL 2026 ICONfD) xpendilitre Liabilliics Are rocogJiL5ed as soon as tl)ere is ¢1 le81il or coiistrLJCtlvo obligatioii eotiiiiiilliLI Ilie charily to the exye11dltLIL'e. All expenditure is aLcouiiled lor oli ali acci'uals ba515 aiid has beeli cla5s1fied under l)eadiiigs Ilial gsre.gfltC <151 wgts rol¢iled to tlie category. TJ)e followin8 accouiilins pollcie$ al'e applied lo tlie different categories ol ¢xpendituA'¢; CLJSts of Geiieiatliig Fiiiirfs Tlie wsts 01 8Ènei'aling li111ds con$Sst of iiiveslmenl mKiiia8enient lees aiid Lelaled costs, Clirtrltrtble Aetlvltles- c.osts of chgrilable aclivilies liiclLide5 81.ants nihde and Support And govoriiaiice costs. Doi)alioi)s i)ayAble ai'o. reec)Rlllsed wlien they are appi'oved by Ilie truslee.g aiid Ilie ieclplci)t ol the 81.ant has beeii iiilornied of Ilie an)ouiil Pilid. Siippoyt Cioveriidll¢¢ Costs- SLipporl ttnd Govei'jiaiice c051s comp¥ise all costs Iiivolvlng the publlL accountability of the tliai'ily and Ils compllaiice with i'egulAtioii sood pi'actlce. I'hese costs incliide coslg related to tlic Iiidepeiidenl examlnei s fees* professlon471 Eees, and support co$t$, {8) Fixed AN8el Inve81menl8 ILivesliiienl¥ are stated at iiiai'ket value Ai Ilie balanee shect date. Mie.8OFA inelud¢s Il)e i)et 8ains aiid108sos oli revaliiation ind d5spn.81K18 Iliroii8lioiit tlie ypar. h) RLall8ed Aiid Unrealised GainA aiid LoBBe All gaiii.% lliid 1055e5 tlL'Q takeii lo the SOFA as IIILY dri8e. Ilealised gaiii¥ Hncl Ios$e* iii) ir)veslmenls are cMILulaled *iS pll Ilie dllferÈiice betweeii 8Aley pi'tscecds aiid cari'ylng valuL' loi. purcliase dilte Sf later), Utirenllsed gRlns 11nd loyse5 are Clilculated as Ilic dilferenr.e b*twecii tlie market value al the y*ill' en(1 aiid openlng nio1.ket value (or purchthse dale If latei'l. (1> Crlilcal 1lccoiiniln8 eNtllnAIE6 and areAs of lud8eineThl In preparing 1St)ancicil .Ilntcn)v.nls, It is nocpssavy to niake ceil¢lili adjliylnieiils, eslitt)ate8 ¢ iid,IssumplloJi$ that flecl Ilie aii)ouiils reeogJ)ised iii the liiiRI)c.lal slAtemp.iits. In the vlew of tl)p Ti'iisleeg iii applying tl)e ic ccoiiiillI)g policies iidopled, iio ludgenieiil$ wv.re I'eqiJiri>d Ihat liave a 518nl(leanl effect oli the anioiinls i'ecogiilyp.d iii Ilio finRncial slaleiiienly ii()r do aiiy eyliiiiales or A58unipllon$ iiiade carry a slgnificant rlsk of iiiateri%il *dluslment iii the next flIiancial year. Ca811 And cash equivalen18 Casli and Casli PqUiV1c leiils iiicliide ca$li at bRiik Kind In lialid ai)d short term depo8i1s wjili a ni¢11urily dale ol Iliiee Ji)oiillis oi, le59. Ikl Trln1s nclLII Instrument Tlie Cli¢li'ily ha.s plec.led to Hpply the 1710vlsloiis of Seeilon 11 BasSc Financial IiislruJnei)ts of FIIS 102 to 811 of Its fliiai1ci￿7I instIuiiieiits. TrinancSal in5tl'Liiiienls al'e I'ecogni.%ed Iii Ilie CliaTI1￿5 balai)ce slieet wlien il)e charity beconie8 party to tho contractual provisioi)s OE the iiistruiiient. Flnanclal iK ssels and liabilitie5 aye offset, wltli tlie net amouiits pteseiited in the flnancial 5tatenients, when tliere is a legally oi)foi'ceable tl8lit lo set olf the i'ecognised ainouiits Hiid tliere15 an ii)lention to Settle on a iiet basss or to reali5c the a85el aiid settle the liability sln)Liliaiieously. Fage 9 of 13 The Howberry Charilpble Tru81 NOTF.S TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 ICONT'D) REMUNERATION OF TRUSTEES In tlie finRncial year ei)ded 5 Apill 2026, n￿le of the Iruslees received any remiinerailon or liad any expenses Leiiiibiirsed by tl)e Charliy {2025- nll). The C.harily has no employees. Tliere wei'e iio related party IraTrsaclioiis in Ilie yeai. (2025.. None}. Tl)e li'ustee5 are cgiisldered to COlllPYl8e Ilie CliaiitYs key mana8ement, INVESTMENI. INCOME 2026 2025 Ii)con)e from Investnients liilelesl 011 casli deposlls 39,464 732 40,196 34,946 452 35,398 COSTS OP GF,NERATING FUNDS 2026 2025 Iiivyslnient Mdiiagpeiiient l¢ee8 IwftLJr ailjustiiiei)tli'eb¢ltcsl Luyludy diid Adniiniglr&ilinii liee 4,132 51?3 4,695 3,615 2,003 5,618 CHARITABLE ACTIVITIES 'Ilie cliarity undortook no direct ¢hYtrltnble iiclivilies but awarded donllllong Sn furtlierance of 119 charil&blv a¢tiville.4 ll s lollows:. London Libraiy rji'ilisli Red Cross 15riti¥h Ukyaiiiiaii Aid Meclecli15 Saiis Frontleres St Mlchael's Fellowship Trussel Tlust Clilltei'ii Ceiilre Conipassioii in World Farii)111g LiveDii'ecily Inc Cjive il Book Kay Masoi) l.'oiindAlion Pill'klJisotr)'5 Royal A8riculiiTI'al Believolenl Inslitullon Ilugby Portobello Ti'iist Songblrd SiirvivAI Donatloiis £500 and below 20,0(10 J,000 2,000 2,1K)O 2,(X)Q) 1,000 I,ODO 1,000 I,uoci I,ocM) I,o(x) 1,000 9,500 50,500 3,606 54,IOG Suppoi't and Govei'nai)ce costs (See note 71 Page 10 of 13 The Howberry Charitable TruBI NOTES TO THE r,INANCIAL STATEMENTS FOR THE YEAR ENDIID 5 APRIL 2026 ICONT'DI ANALYSIS OF DONATIONS MADE 2026 2025 No, 2026 2025 Tlie advancenient of heaiili or savin8 Ilves The advaiicemenl of educatlon llie preveiilloji or rellef of ptsveA'ty The advancemeiil of human risiils, coi)Ilict Tiie advancenieiil of the oYt4 cvlluie, herlla8e or sciwice The advan￿m￿lt ot enviroiinieiilal proteclloii or Inipi'ovement ie i'elief of Ihoge Iii i)eed, by Yeagon of yoiith, 8e, ill-liealtl), disabililyi flnllnclal hai'dsh5p ie advancement of aiilmal welfare Aiiy olhet chji'ilable purpose li l3 12,500 5,000 6,000 1,000 20,000 14,500 4,500 1,500 1,500 3,000 2,CM)O I,o()o 500 50,500 1,000 500 31,000 34 29 ANALYSIS OF SUI)FORT AND GOVERNANCECOSTS Expendable Endownlenl Income 2026 2025 Le8hl and Profesgloiial Feeg Independeiit Examiiiei's Fee Cuyreiit year PI'ioL' year (over) a¢¢riial To Cliariloble acllvitie$ 2.856 2,856 2,671 750 750 750 {801 3,341 ,8.4(? Y50 3,606 Page 11 of13 The Howberry Charitable Trugl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APIIIL 2026 ICONT'D) FIXED ASSET INVESTMENTS 2￿26 2025 Market value bi'oughi foTW81.d Acquisitioiis at coyt Loss.. d15P05al proceeds Ireallyed Capllal cash) 1,056,142 43,000 (24,106) I,U75,036 (781 144,857 1,219,A15 16,644 1,091,746 146,6471 1,045,099 11031 11,146 I,(b56,142 22,066 21,083 1,099,291 Realised Ilosses) on dispi)sals Net 8Aiii oli revlllu¥lL()I) Cash loi. Iiive51menl Un$eltlod Trdcle Market value al 5 Aprll 1.236,459 Histori¢rtl cosl rt15 April 944,514 917,991 Anoly818 of Inve¥tmenlB;_ qultles ilonds AItLsriittlive Investiiieiit¥ Llquldlly fuiid Co.sl) aviillable for Yeiiiveslnieiit Markel valu¢ i&15 Aprll 698,16CJ 344,31 I 121,580 54,755 16,644 1,236,45)I 597,932 346,001 100,454 11,75.4 43,149 1,099,291 ANALYSIS OF LIABII.ITIE Expeiidable Eiidowinent Inconie 2026 2025 Ci*dilors 1,920 1,920 750 750 2,670 2.670 2,730 2,730 Pase 12 0113 The Howberry Charilable Trust NOT&S TO THE FINANCIAL STATEMENTS FOR THR YEAR ENDED 5 APRIL 2026 ICONT'D} 10. DEBTORS Iiicoiiie 2026 2025 Debioi. 2,6J5 2.615 2,615 2.615 1,752 1,752 11. ANALYSIS OF CHARITABLE FUNDS Expendable Bndowmeiit li)cortiÈ 2026 2025 1iiveslnient$ Casli hl Bank Debtor8 Credllors 1,236.459 1,236,459 11,941 2,615 2,670 1,248,345 1,099,291 23,858 1,752 11,941 2.615 1,234,539 13.806 1,122,ITI Pa8e 13 of 13