Financial Statements Fcrf >wr•%Jod 31 21Y THE KESWICK CONVENTION TRUST Compwy No.. 03913741 CONTENTS PAGE Informalk Rfjporl of the Oiroclors 4-12 Report ol th• Ind¥wKknI Audilor 13-16 Slalemenl of Financial Aclivllbs 17 ealance Sheet 18 SI810m￿l olcash FhThvs 19 Notes 10 the Flnancial Slate￿nIs 20.35 Refor9n￿ informatlon ADDRESS.. The Pe￿7 FaGt(My C8rdwvJ Mill Lane KeswiL* mbrfa CA12 SFD REGISTERED CHARITY NUMBER.. 1083584 COMPANY REGISTRATION NO.. 03913741 WORKING NAME.. KttswKk Minkil GOVERNING DOCVMENT.. TRUSTEES.. Mr S Adam. Treasurw MrM)By8 Mr S Hal? Mrs C Heath-Whyt• Mf8 A Pull Rev M Salter (Chaymanl Rtsv J Taylor Mr& M Bakh¥in Mrs J Whi181*xsg Rev A MacLeBy Rtrv El CHIEF EXECUTIVE.. DIRECTOR OF BUSINESS OPERATIONS Mr Mlk8 Cawy COMPANY SECRETARY.. Mr S O¥ereThl AUDITOR.. Forvis Mozarn LLP. 5th FION. 3 Wevd'nglon P*e, L88ds, LS14AP ACCOUNTANTS.. bins(Mi + Co, Oxford Chan*ws, Now Oxl(*d SlroOt, WoffkiNJton. CA14 2LR SOLICITORS.. E￿in ConN)r Sdwit Eif*4ern￿r & Negus Llmlled 10 The Poinl Mathei H8rtK¥tyJgh Leicestershire Be8ston, Nolkngham NG91DS LE16 7QU CHARITY OBJECTS: The Twstexr818 to PrOn￿le &"IA8 Teac￿ll al an WNKJal Conventh)n in Keswck arnl olher LKra¥i￿ wilh th8 alm Of8￿0￿￿￿ holy and Bit￿￿al lile5tyle5. BANKERS.. HSBC th 1 Market ￿￿Te. PerKtth CA11 7SN REPORT OF THE DIRECTORS The Directors present their Annual Report and FinancialStalerneTrtsfat the year ended 3108C￿bBr 2025. DIRECTORS AND OFFICERS The following dirtclors held ollice lor lh8 ol lh8 year &) 3108cemb8r 202S and lo th8 dale of Ihls report unless otherwise staled.. Mr S Adam. Tiea5uror Mr M J Byall M* S H818 Mrs C Heath.W RBV Dr J M¢auL*J (Reik8￿ 1d Sepiembw Z0251 Mrs A Pull Ro¥ M Sallot ICh•wwsl Re¥J Mr5 M 8ak*w Mrs J whrte￿ Rov A MacLeay KESWICK MINISTRIES VISION Keswck Ministries exi818 lo ieliesh God's people With joy in Chris1 Jesus. Our deslie is Ihal from ihal overtlow. we wlll go oul io brlng hls blessing lo all nalions IGen12..31. AJI God's peo￿ are called lo look more Ilke J￿U8. be 8 ble55in9 to the Communilies wherevei he ha5 placed u5 acr055 the UK, and %thlh a heart fol hi8 worfd. Ke5wlch Mln15tr1es help5 Chrlslian5 lo fuifsl thai talling. so Ihal. dlrfjcled and gulded by God's vKYd, Ihey will grow in Ihe povler ol hi$ Spiril. Keswlck Mlnislrles has a long histuy of senth"w out Chrislians inlo the world lo lead others by ieachlng Ihe Irulhs contained in Ihe B￿b￿ and seMng In all walks of lile, Including aom8 of Ihe poorest and mo81 dlsadvanlage¢J area8 of this counlry and aiound the worfd. e achieve these aitns Ihrough Bibb leaching al our sumtner c¢￿ve￿IK￿l, through the resource5 Ihal fiow from Ihis. in our progiamffle ol year4ound fflinislry even15 and fv public011￿ or twks.. the provision of on. Ilne iesour¢es. and ￿¢asts ￿#1 slipp￿1 disripleship. Untlerlying this 1$ e￿Ul#geMent anij supwt ror mission. THE KESWICK CONVENTION. PLA14NING FOR GROWTH 2025 rna￿e￿ Ihe Keswick C￿ven110n.S 1W anniversary wilh recud numbers. kld8, youth and adults alien¢Jing acioss Ihe Ihree weeks. wlh arwnd 5.(th people on 511e in Week 3. There Is a real Sense that we a￿ on the cusp of 8 w*xJ of gr(Ath. There Is a r*ed aNJ hunger tor sound Blbllcal leachlng. Vve have the repuiation. reach ￿￿o$S "evangellrAlism". and th8 physlcal Infrastructure to grow ihe y8ar-roJnd ministry we oller. The ConvenlK)n rel￿$ on 870 vdunteets, inc5udiw pat¥timE Toles. enable us to delNe¥ thp event safely and efleclwdy". this is 3 very popu13r w3y Io serve. Keswck Mini51rie5 pTo¥￿eS accotnmDdalion. tnea55 and ofter5 travel expenses. tnany volunteer5 ￿turn year alter year to help. We are hugely indebted lo these volunteers. wilhoul whom Ihe Convenb'on cwld nol lake plxe. Volunteer5 undertake a wide vari￿Y of pr*ttsl tasks duriw Convenlkn Iklds, youth and y(xJng adults work, welcome team, cale11ng. cafè. gift processing and reception teams). We provide appropriaie training, including safeguarding and counter I￿r￿iSM awareness. and cary out ihe necessary DBS safeguarding check5. RESOURCES Ke5wiGk Mini51rles conlinugs lo publtsh Il¢ralure and on.11￿ reswr¢ès that build on aTh18upport th8 teachiro of the Convenknon. IA 2024 w8 publishbd F￿d Vor Iht J(xrfr*y, 8 36￿8Y devotional by numerous Speakers and Lrfe after Lifè- our Convènllon therne book- by Mark Wnel. Wè hav8 also produced downloadab DI￿ Deeper 51udyguidos lo aKI indNHJual and gr¢wpsludy0fC￿¥On1￿In t81ks. In 2025 w8 publish8d'K8swick Minislriès. 150 ￿8(8 of Lives Transfoffr*d In Christ. a"cofl88-t8148' cebbf81es Gcd's faithlulne5S lo th8 ministry 8nd th8 failhfulness of his p80ple. For th8 first time we 81so wjuced a bLX)k for ywng Pe£¥￿, 'Who is (&xl?' by Andy Acheson, who18ads Ihe Team In Week 1 of Coivenbon. We COn￿nUe to mako Dive Deeper study gutdes ayal￿ble or4in for grtyJps and indi¥iduth. Our regular podca515- Ke5wKk Podcasl arKJ Ke5 Ta*5- ¢¢)ntknA to be popu18r. vAlh record accessed.. they call bB ￿¢&9$¢d au w. MINISTRY EVENTS As part ollh8 extension olthe [￿￿￿ty. ourMkn&tyaverts aTrJ I￿rk81K￿5 w from strwyth lo stronglh. Th have run In each ol the last nlne ￿ade￿￿C y8WS. Nov8mt*r 2024 88W the 18unch of Keswkk E￿rg1W Young Le•JeTr progr4￿￿￿. This %v85 a wonderful opporlunily for 1￿18 yeèr-obJ$ to198m rA)w to und8rst8nd and teach the Bib￿ thrwgh Iralning weekends. folkW￿d by 8n oprb)rtunily to be.￿.le8m. at Ihe Convention. A second coh)rt rneet in Novembgr 2025 and again in March 2026 ah*ad ol seMrvJ al the 2026 C￿VentIOn. The focus ol the Minislry tsvenls i* on le*hlr*J Ih)I hews r*fresh. Ins￿re 8nd equlp Chrlstkqn$, both church rrombers and thse in leadwship po￿1￿￿￿. The wurses ore doVok)pfjd by the Chknf Execulh8 and often In cc4L9L*Nalkfi wlth olher Chil811￿ OTgaThsBlb)ni l The fjver-popular Pa8tor81 Rerrnsh￿rsI Confererta Vd in conjunctknn *?Ih Living Le8dershlp. In Febru8fy 2025 we again ran PRC'S back-ttrbw* to ￿￿%8888 CBPgaty. and were ab￿ to accornrnod8le over 100 peopte, demon$lrotlng the Treed for Ihose Irs ¢*urth ￿aderShiP land Iheir spouse81 to b8 relre8W for 58rvice Ihe kx81 church. The February 2026 PRC was 8150 wdl atteTr￿. wlh wn b8th-10*8ck as in th8 pr8¥lous three yesr8. We F8unthed 8 Churche5 Weekend Aw8y kn 2￿23. to 8lk)w smaM8T fdbwship5 who mkjhl nol be able to Ofvan￿ 8n 8V8nt ofiheir rMn10 s￿re wlh olhws. Ke8wKk Nkni5tries wovided Bi￿8 Teaching and worship. Tho fir$1 ev¢nl held In Sprlng 2023 atlracled more Ihan 200 peop￿ Ilom 4 churche5. A second Church89 Weekend Aw8y ¥¥8$ W March 2025 and attended by 100 aduNs 8nd chthjien. In 2026 we expanded the Churches WeokeNJ Away to wethme indfvkthJ81 booklngs from lamllle8, and renarned il Ihe Keswkk WeekerKI. TunnirwJ fTom Ffiday to Mmday 13" April. The progr8mm8 irduded Bible R88ding5. a full chAdron$ prooraff¥ne lor4.18'$. •¢*thx•ofsomlrw Ir8(as, w 8llqg$ollem(th cowl. and 8Y8nirYJ cetebrations. As word spreads Ihe wjrses Bnd wortshJps are allrxliry irKreasing nun*eT¥ ol dolggales. mony orw￿)M have had no prewJs coMeclh)n with us. Som8 cou15es are 51aFDny tQ"5el out". Feedbad( from deleggle$ Is oventhelmingly posilfve. with rnany people relurning WI￿ courses are tyoin 8rKF re¢omft*nding them to oiher8. Our Ch￿f Executp¥e tru$iees are reviwn9 what we 0lFer ￿th a view to m81nl8lning hiph qu81Ity, addressiThJ key low, developirMJ Ihe prograrnTh of trainww l£¥ kK15 and y¢)ulh wwk. and slretGhl the team too Ihinty. THE KESWICK FELLOWSHIP Minl 'Késwick' even15 are held all over Ihe counlry as part of the Kes%*xk F8￿￿hip. Auoss Ihe UK there are nearly 40 IwalK)ns thre Bible Weeks (* kKAI 'K*sw*k' events arè taXI place. Sorne identity themselves by name Keswck. aTh1othe￿ 8r8 in f8llo%vship with lh6 widèr work tAJl usè olher lit￿5 Iwhelher &'Ne Weeks. Convgnlw*. w other de8ignats"thisl. Thay hav• a laftwly-liken8S8 t*Jt haw no formal or legal as￿01K￿. A number ol these evenLs have been lor m8ny y88rs. whllsl olhers are lust $18Fling up. They ar8 8om*Umes 1(Kal even15 base(l in a and SOry￿1￿95 Ihey are mre 18gKffjal in n8ture. The conneclion beiween Ihtr UK local liegk>nal evenls and KeswKk MInI51r￿S 15 inlorrnal 8o¢J occasKinal, Shaped by8 mutually a9r8ed m8morandum ol ￿d*￿land1Tha. arnl ha8 olt•n very fffuilful _ especi￿lY in exGharvJing pray news, sharirvJ speakars, h8w.ng on8 arv)Lherwilh b￿1 KSpa5. afKI so on. Thtr Ke5%￿G￿ Fdlow5hip operates 1hrix￿)uI Ihe UK as a nalH)nal nehvork lo tr￿O￿lage the leaders ol Bi￿0 Convenllon$ and kKal Ke$wkk evonls Ihr(wh prayer. pract￿al supwri and fello*%hip. There is a150 8n Intemalwjnal Kes%**k Fdlowshp whKh is 8 ktyjw assooalkn 8tW, 8nd whkh emtr*aca$ even￿ in parts of Europe. As*, North Arneiica. Auslralia. Africa and Iha Caribb80n. We faciliiat8 informal moelSng$ of ihtw knodiNJ Fdlowships at the c￿¥6￿￿.£￿. We IK)sled a galherlThJ of UK and InlemaiK)nal Kesw￿kS al the 2025 Convenlbn, 9$ Part of our 15 annlvorsory GolebrBLbn5. and i￿ne￿ ty ryesenlalfves Irom Ernind the worla. GIVING AND INCOME Uniquely ther8 continues to be rn charge to altend Ih? Corwenth)n. We want lo b& o￿n 10 all p6opl8 jusl as churches acro55 Ihe land open lo everyoM. We encourage gwing ai th8 evonl and Ihr(MJghoul Ihtr year. Durlng Ihe Convenlion. aThJ Ihrough wln18d and on-line resou￿. wa exF48th th8 finance$ of the event and our ye8F-rounrJ m￿lsIry. We are hug8ly gral¥fyl 10 ho¥¢ bbg$sed by gowrm ar￿ souifidal gl¥iThJ from our supporters. The flal 518nding areas al Ihe R8wTrsley ¢enlr8 and th¢ lrymer Pon¢il Sitfj ore used lo provlde G8r parklng 5P8ceg for visllus to Ihe town. Thls has become an wnporiafil s¢)urce of 1￿C￿ne for u5, KoswiGk minisl1￿50Wns Iheenlire shBiecapiial ofKeswKk Convenl*Jn pr￿e¢l$ IRown8lByl Limiied. • iradlng cornpany Ihal operales Iheye Caf pfirkkng 18cl1￿$. We have also provid￿1 fwr •l•¢triG VohKIo ¢hargiTvJ poinlg al Sklddaw Street. When Keswick Ministrie5 8cquirod the PerKil site Ihis irK4uded a tr￿kI￿g t￿1 hous88 Ihe K88wkk P8ncll Mu$¢um wlw WJir¥J compwy tfj8se5 Ihal budding from us. The directors pwmil a bookshop to oper8le durirrfJ Ihe Con¥enlK)n $8Nhva Chri*11on Illtra￿fft Ihol ollgn wllh our values and bel*fs. Thrd pro¥tile8 8 Swrce of incum. nomKwl foyth 9Tr roceived from the $alB or rec￿dingS and br¥Jks. The company gWr￿ the wlire Share of KeswTck Convenlhjn Pr4ecl Limlled, a company Ihal 0￿rates low-cosl camp511e nearby tlurirw Ihe c￿¥0￿1#￿_ ￿(arnp wa5 lully tthked in 20￿ covered its c0518. nolwilhslanding the need lo tatiker oifwaslvrtater lo Wanning re51riclw)ns. ACHIEVÉMENTS, PERFORAIANCE AND FUTURE PLANS KEY PERFORMANCE INDICATORS.. Fina￿181.. Ordinarily we aim lo cover annual running costs each y8ar. In 2024 we budgeled lor a ￿MInal surplu& and IhrDugh the genewty of our suptx>rters aryl wlh goxxy 51ewardship a¢h￿Ved a six-fwjure sur￿uS (before Ihe charge foi deprecialionl. For 2025 we budgeled and achieved a sur￿uS before deprecialion- of some swnifkaTrl irKreases wi rA)5ts- a nutrthr of fxdili&s ieL4led"sp8od projecls. coY8r8d by Ihe 2024 sUr￿u&. The Convtntton thntinuBS tts a¢¢Nity. arwj il receive5 very ￿￿1th'¥e feedback in tsrm5 of the qualily of the mlnlstry and Ihe IM￿ It has had on peop￿. liv85. twl Lwirnilments lo Christ and offws to SoNe In Ihe mk*sw field. The excellent programme Ofyear￿0Und ia*knd aThl trainiw 8V8nt8 18 akn b8iw wdl allet￿d and receivirrfj very ￿￿'ve feedback. G￿¥ relalk)ns ￿th both Ihe k￿1￿￿￿ widerchristian ￿n￿￿nitY. have been buirton. with senyy Mom￿r5 of the stsff team eNJagity I￿￿01y. W¢ havts also wntrnued our engagerp4nl wllh the IDcwI cofflrnunily. including ¢J¢Jr gu8rlerty Town Lk81S￿ Forum ￿th rt*M￿r$ tsf ¢otnmunity, town Gouncilk>r5, tr*Jsin888es 8nd Sta1￿1￿Y ag8ncies. Uae of th& exc*fit fa(aliti8$ in P8r*il F**ory 9150 boon o great means by which w8 have tr*Jlt on 8nd 8trerKJlhwd r8lalk)nshy$. Keswkk Min15tries pwlnws wilh thfferenl chrYalk￿ orggnwlbn8 to ￿ tske kn¥wd118 obiedves. S￿￿11*an¢ sile and bu￿Ing *x)r*s have beon und8rtak8n on the P8ncll Factory siie. and relu￿lShrn8n1 ol the former Perrl Factory tKJilding i$ 055eThtsa￿ compknts. In 2025 work in the'Admin Bhxk" has provhled a now homo oltho KM staff team, and onhwcod facilities avaiLgble 8t Conven1K￿, and for yeBr-round hlrws ol the Packing Hall. RISK MANAGEMENT The Tru$¢e￿ rogularty r￿QWth6 rfsk$ to whkh th&tharlty L8 exwJ5ed. so Ihal reasonable m888ure5 ar818k8n to rfjduGe anfl manage ITr￿￿ to obtaln insura￿8 cover %*there Ihts 15 fin￿CIalty Send￿8. A rlsk 18vlew prt)codure Is In place to klentify the most signifKanl risks. and Iha Tnt51ee5 check that 8pwopri8t8 remedlal action has been taken. A Risk manage￿nI framework was pul In plxe adop￿Tra best practlc8 from Mazafs Charlly C(￿ference and guidance from Ihe Chwity C0mft¥vd￿n. Som8 char￿8 were made lo the way wg Score and record rlsks dwing 2024 adopt1￿ best prac4icÈ. F￿￿￿n9 Ihe appolnlmenl of Mik8 Caus&y lo th8 rd8 of Oireclor of Busifftss Opwallr￿S, further ch8rvJ8$ trj the way rewler 1$ ¢orTh)iled, reporltrd and managed have been worw through, wth hdplul Mipul Irom ¢xJi in5uwrs' Eolosla$￿￿ Ente¥piise Risk M8n8gement Toam. We ore advised c￿ Heatth anLI Safety Issues by an extemBI contractw. The Rlsk Reglstw 55 8n agend8 ttem 81 811 Iw$tse *lth a Gatw of rhk w t￿) r0vb￿l al vach me•llng, Such Ihal everylhltW31s covered each yew. Keswlck Minlslde8 tske safeguwdlThJ s8￿Sty. We arg c¥mTh￿tted to the safegu8￿1ry of chlklren and adult wllh c8re and support r•eds and to 8nsurlThJ th81r wellboltyj. We have a Iru$teo4¢ad on sgfoguardlng,. with o member$ of the $¢att team appointed as Safeguardity Lowj ar¥J Deputy. hHve uThJert4ken a revlew of ow Safegv8rdlng Poh'¢y aThl procedures gukled by ChrisllBn Safeguarnllng Services. E4earning rrrf)dules have been developgd lor slaft. KKIS and Yw¢h l&w. arKJ ot￿r key rokn. Saleguarding 1$ an agenda ilom 81 all Iru$te¢ me8llng5. Trustee SalegLwding trats*vJ was und8rtaken In June 2025. 8nd itrepoated on a Ihree- year cyde. Trustees. $taff ond Volunteers 8re Irtslwded In Ihe rlsk mon•Jement kK*es that are appropr￿te lo the work thai Ih¥y undgrtako. Monlhly c8lls have conlknt￿ *lth rn8mberB of the Fkn8￿8 and General Purpow Commlll88 an(1 st8ff team, to review our managernenl accounts.. KPI'8.' agree expenditu￿ pLgns h.nked lo cash flow. and trj managt If Risk Register. Local publk reLgIKj￿ b8ugs lakgn 8wbu4y. r¢9ul8r tonsultativg meetiw$ we l*lLI Yllh repies8ntatrve across the town. Thrwgh thjr Town ForuTh. ￿ meet ￿th t￿51￿5505. Keswick Town CounGiNor5 and ofiK4HI agendes represenlabve5 on a quartety b85￿. We continue lo review ettyjr key Oioes and share them *ith the staff team via ￿Jr [r￿)n[hty fvll momlng team meetings. The follo¥thng have b8en ljenbfied as Ih8 rnain ar8as of rfsk.. Flnanclal.. FundFai4ing.' The r¢sk ol raBir¥J Insuff￿￿1 funds lo covar Ihe ￿￿eaS1r￿j aTrnu81 NnnirvJ costs, whth mltigaled by a very swpwl base. Th)n-dorw stream5. adeouate reserves. ligm managern9nl of experKJiluie and the prow*sw)n and rev￿ ol n￿nIhIY management accounts. The Oerwenl Praigcl fvndrai51ng %vas C￿Sed 31 the end of 2023 hwng raised the £8m fundraising largel from support8rs. Al the end of the year. vle had £750k ol Hbtsresl free kjans to repay. ¥Yilh 1300k havir¥J b88n iepaid In Decorn￿r 2025. Th6 £750k Is due lo b8 r?pald by Jun9 2027. We hav8 also &xploreO b￿r0¥¥ing opt￿$ wth King￿ 88nk lo give vs fi8￿￿111Y givan the nature of wr ca5hflow. with signif￿an1 tyJigoirvJs ahead olgi¥w4 al Convention. Or9anlsatlonal Reswrelng. Skllls and Knowledge.. The miriislry relies on a broad range of skim5 and a￿1￿5 to Its aGtivilles arxl. In parflcular. th annual Convent￿. The ryHlli51ry is well sewl by ils slaff le3m.' by its Tr￿￿1985 who bring a broad mlx ol th8oba￿l and tMtslne¥¥ kn¢)wWe ex[￿￿ce." by af volunleer5. PoIr￿. piocesses, and procèdures are malntained aNI ro¥￿￿¢d. A number ol chang85 in Ihe core t8am w88onl ch8118nge8 ar￿ cpportunllles that are ￿Ing worked Ihiovgh with a view to ensurirrfJ Ihal we have Ihe light team In F4ace lo deliver Ihe ministry Ihe Lord h88 $0 ¢￿are1 led and used o¥ei so many yeais. Dur+ng 2025 a nurthr of 51aff ￿rfj 4pkK>￿1ed p￿lIk)n$ to fill Y￿r￿>￿, to glve capac to d81ivw yew-round mini8lry. &rKJ IhB faolW Ihal we have lor h*0. Th8 current Ihinklng 1$ that our unlque portldKJ ol$lle$ 1$ 60￿l￿r￿J lo bo groleful for and io oplirni$e support of the mlnl$lry. 0¥￿ lkne Ihl$ ￿11 inwlm8nl ontl on￿OIng m3nagemeDI and rnalrstengnce. STRUCTURE. GOVERNANCE AND MANAGEMENT The K88wick Conv*nlR)n Tru$¢ 1$ boih a CLNnpany limitfjd tsy guafanioe, not having a sharo capital. and a regislered chanly.. il wa$ Iworated as a (xxnpany on 1 Sepiember 2001 when th* a$$ets a￿1 lia￿11￿65 of Ih8 lorm8r liusl were Ironglorred lo LXYTVOny Under Ihe Tru81088(S dlrector$ 818 krmxn as Trustees. The CoL#icll 01m￿ager￿n1 conslsls of Ihg Tru$l who meel IhTee Ilmes a ye81. r*Ymalty ￿cl(￿lI¥j an 0¥8mlghl meellw. to mana98 the T￿￿1. Tru$tse8 $er for a 18rm of Ihfee years., 8re re-declable for 8 maxlmvm ora furlher three lern￿ lor Ifdgemed ne¢gs$8ry for further Ihree-year18rml', and m8y rern￿n in oif*e unlll age 75 ye81S. New Trustse$ are apwnled in accordwce wilh Ihe Chwily'5 MefflwwwJ￿ ar¥J Artldes of Assoclalknn. The Councll regulaily revw5 Ihe skills mix required lo manage thu Charity and successoTh bas8d on th nown reliremenl doles ol Trustees. In January 2025 reuuilmenl consullanis ca￿lIaTr faditaled 8 ttyjard eff8cINeness' dlscussk)n Io 8$81$l the board I liuslees ren8cI on I￿r prKJrSlles. Trustee¥ affj iequlrBd lo lokn an iTrJuctkn pr(￿￿S whtkn consis1$ olbdng ￿tr￿jUced lo Ihe operalk of IhE Tr￿51, normaly attendirKJ one Cwnul nwling bel￿ being l(Krnally aPkK)inled. 6nd are ollered appropriate feim81 Irainlry In I1￿1r re5pw5lbrfil￿S. A prffe55 01"Induclth' arKI"buddwng at Convention has een introduc?d newly app[￿￿19￿ Iruslees. Trust￿$ wK1ort1￿ a Salvguaryliry lor Truslg9$ Gour5e with Christian Sa18guarding Services. ￿ June 2024. A procedure for Tiuslee apprHbal is in place WKI during the nnjl year of Ihrefryear ierrn or appointmenl. Mark Elli5 lo1￿￿ the team as Ihe new Ministry Dwector I CEO kn Seplemtw 2023. Mike Caus8y loln8d the team In the new ro￿ of Director of Buyness Opwakns in ju￿ 2024. l&mon Overend. the Company Secretary reFMxts to Mike.) The 51air team tneel daily lor de¥olb)n5 aTrJ have a rnnthly hal-day staff m881ing wh￿h I￿ud•S 8 time of BMTrle Ipachkng anL¢ prayer. Wbth the COMp￿tFc￿ of Ih8 IMJlkllThJ elwwl ol Ihè D8r*wl Proj*￿. the trtts*e$ and Chw Execullve have sougm to feshape Ihe staff t8am to m801 min¢sty oprKxtunill8s and related sukwt needs beforÈ us. The Chief Execuiwe and thrector of Bus￿￿$S 0￿rats.0nS continut to as lh8 èxwxjlivè, sUpp￿ted by thr88 heads of. who logelher make up the Leade¥ship Team. Simon Overend i8 HÈad of FInar￿,. Emma Coopel continues lo be lh8 H8ad ol MinLslry Op8ralKJns,' Sarah 8￿￿￿OtOn￿1￿ed the team In February 2025 in the new post of Head ol Develcyrnenl. overseeir#J Comrlyjn￿￿ons and fvndras*rbg. In January and Aprl 2024 ma￿ Els Ich￿1 Execulfv618hèr8d hi% [nI￿al reflectims and thoU￿ts on luhJr8 shap8 of th8 ministry and Its year-round lgachlng and Iralnlffj prOYrarn￿￿. In January 2025 MfjTk shared N$ Vlsk)Th 2030 paper with trust868 with a to d6vdwng 8 fi¥e.ywai nw to optimlse Km's unique P0511ion ar￿ opportunllles lthln the relormed ev8ng8lkal churc*- uThJer the Lord s leadlng Bnd guhllThJ. Thwe 8r8 ￿ mBln ￿MMi11e&S ¥*hl¢h supwjrt Ihe Coun¢il." Il* Mlnotry Commillge. ¢knBl￿d by the th#lrmBn oflhe charity. whrth is reSpOn￿￿kn for the sF4rilual de¥•k)p￿nI of Iho minlslry. and th8 FIna￿e and Goneral Purpos8s Commlttoe, (awod by Iho Tr00$W0r. whk* 1$ r8spThb1140 for ￿151￿955 pra¢li¢al d8v8lopm8nl. Tho Irvsieos aro grateful lo Jeremy hBs $8ryed a5 Chal￿0￿ lor th8fve yew8. Jeremy accepled an invilaliJn to ￿kfj up Ihe rolB ol Lezd Pa51or al Grandview Bapts'sl Churth, Kiichoner, Ontwio. Jeremy. and EllzabBth. %*ho h85 seryed on the slaff team as ow Commi5s*Jnwy Edmor, n￿ved in the autumn of 2025. We sh Jeremy and Ihe farnily ￿11 in Ihis ￿xI chaplerol their servK8 of th8 Lord. Martkn Salter, Itho has 58N8d 5 8 IFu518e slnce 2017, Icok up the rde of chalirnan after Ihe 2025 Convenllon. L¢¢81 ErrtJ8gemen¢ Wo 8re ¢omTrNtted lo the btrneflts oltr* Convontk>n aThY I￿ DeTh¥enl Pr*GI 8180 Ih)wlNJ through lo tho to￿ of K$s¥￿Ck. We wonl Ke5wkk Mlnl$trkns and Its operakn to be a sajrce of prjde and beneni b¢8lly. Thls is sUPWrted by our TO1￿ LiaLryon Forum. g ￿￿al 8owclng Oky. and the promollon of P£ul busines585. We have allended £uaS￿)n￿l Kesw￿l Town CourK41. Ke$W￿ Touiism Ass￿13110n, and Curnbriq Chamber of Comff￿Ce rneelwvJs by in¥italion, and pvorTr)te an open diah>aue with bxal stake￿￿je1$. Irnlependence of Trusteo$'. Tho broath and indep8ThJen¢• oll1* n￿n￿lry ts a key Streryth ar¥J 1$ maIn￿ned by a proc￿ of regul4r revlew ol the needs 8nd open discu￿1)n ol who mvJhl servo and complement the t8Bm. Tha trusl8es are actwety al who MVJM be irNi18d tok4n them, inf￿rned by 8 skills audit and mindlul of pending relknements over the next few yeats 08 SO￿ 10￿.81and1rQ InJs¢e•8 compl?iÈ IhdF temi of service. In January 2024, wllh a gorx1 staff t8am In pl¥*, Ihe tnJ$le8s determtned ihal tholr mlnlmum numb81 Shou￿ red¥¢¥ Ir ha8 fvjl W 8n ap￿01 ry $pe¢lo1 offgrlrva since iha launch of Ihe Oerwenl Proiecl in 2015. Income I￿ Ihls lund was £S5.70S ￿ tho yeor wnpared vAlh £30.239 in 2024,. lh8 baLqnceon th18 Fund Is n￿¥ E25.811 Isee Mle 1S). This furK1 enal)1o$ missK)nwie$ to 8118nd, ben8fil from, lh8 Convènllon olherwise W￿￿1n't bt OtAe to $0. In Z025 luThJs were al$0 given 8nd used trj 81JPPOrt 8n inleinalional galh8riNJ ol repr&sonl8live$ Irtym ov0rs¢a5 "KoswKk$" 4Juring Ihe 1￿ Anniver8ary ConveniKJn. Th8 Reslricled Funds balance al Ih? year-end. ol E140,811. relabr¥J io th8 Mi88bnary HospIt8Nly Fund, Bulldlng Fun¢J and the Web¥ile & W Fund. Toial Income lieslrkted 8nd unrestrthdl amouni&d 10 £3.126.275 ¢ompored lo A pre¥kn year's lolal of E2,843,330. Ajter deduckng expendiluie. ng1 defiGil ft>r Ihe year was £62.52312024 5uipIus £57,0521. Once agah. the Trusiees are Ihankful for lh8 eonijnuiw numbers supportiThJ th8 minislry, and for Ihelr gen￿￿lY h both prayw and glving. DONATIONS AND LEGACIES The aclivi1188 ol Ihe charity 8re fiTharted 8lrtlJ8t enlirely by Vo￿ntSry glfts 1hrO￿￿1 th8 year. offedngs laken duriThJ Convenlion an￿ on Ihe charitls 8bllity lo continue as 8 going 0)r￿eM for a perh?d of 8t ka81 months from when Ih? lknancial statements are authori8ed for Issue. Oui resp)nslbiMk8 aTrJ the reSpxth￿b88 of the Irusi8e8 wilh rn5F*Ct to swjirva corwn are described in the relevanl Sect￿n5 olthkry repJl- 13 Other Infoymatlon The olh8r Infarmats￿ wnprw5 the iTrfomwlbJn in the report. other than the financial slalemenis and our audtlor's 18PL¥t thw6on. The Irusl•&s ar• r•sp)nsible lor th8 Other 1nf0maik￿ ¢1￿1al￿e￿ wilhln the ￿n￿al report. Our ownh)n on Ih? ffiancug18lalern8nts dc￿ Thjl cover Ihe other inform8lK)n 8nd, aXC8pI lo the 8Xt8nl 0lhoNi$e fjxplblty Slalwj In our TOWt. WO 1*) r¥)t exwess any form ol assuranc• onGlusw Ihereon. Our responsibility Is to read Ihe ollw ￿f￿rnallon and. in doing so. consider wh8th8r th8 other Inlormalk¢n malenally Inconsislènl w￿h Ihè financlal slatements ¢Jr our krn%*lBdge obiained in Ihe c￿r5e of the audit. or otherwise appears lo be materially misSt8led. Ilwe *J8nbfy Such material Incor*￿$tefiC•e8 or app818nl mat8rio1 misslat8mènts. we are required io delerTrMne whelher Ihis gives rise to a malertal rni5slalernenl in the financial slalemeThis Ihems81¥88. 11, based we have perfrynwd. Ittot Ihere b a rnalerlal mi$ststoThnt of thi5 olher inlormatKn. we are requwed to report ih81 lact. W• have nolhlng lo repjrl ITh thi& ragard. Oplnlons on oth•r matt•rs pr•scrtbgd by th• Companb•s Aet 21JOfj In our opinion, based on Ihe %4tYk undert8k8n In Ihe ctyjrse of the wjdil." Ihe In1￿Mat￿M glven in IF* IIu51ee5' rekxyl wh*h indudes ￿ directh, ¥oport the flThwdBI year for kh the finandal statements are wep81eé ts corsisl8nl with the fina￿la1 st8tomeni8', ond Ihe dlreclor8' r8Ptrrt Inc41ty In th• tty81￿$. r•FUt has pr¢par4d In accordanc￿• *llh appllcabl legal iequir8monl8. Matt•rs on whlch we are requlr¢d to report by exc•ptlon In light ol Ihe krk)wW and undeisianthng of lh& charily a￿1 envirtyim•il obtginod in th& ctyjrie of thè 8udil, we have Ml klenljw mg18ri•l mis$t8ltmtrnl$ in Ihg $IrOw￿ or Ihg dirécl(K$' rfjporl. We h8ve N)Ihing to reky)rt in respect ol the folkwn9 matters In relatw)Th lo whith the CoThynies Act 20C6 requires w io reFQrt to yrw rf, In Wnk)n.' adequate acctsuniing re¢(wd$ have nol been kepl. ty retuFrrfJ 4dequate ft>r audil have not been received from br8nches not ￿$rted by ug." or Ihe financial slalemenls are rM)t in ogr88m8nl￿1h lh• arxounllw r￿OrdS and relum$,' cert8in di8ch)8wes ol tru$lees' ￿ftm￿ali0n $p•Jfied by * are ￿ mode," or Wg havo nol received all Ihe ￿lOrmalk1Tr and expLqn8tK)ns ￿ faquire for our audlt., or the Iruslees were Th)1 enlilled lo prepare Ihe financial stalem8nt8 kn accordarKe with ihe small companleB reglFne and lake advanlaw of Ihe small cofflpanies. exernptKn ￿ prepar¢ng Ihe Report ol the Trustee5 and from the requI￿n*￿t trj wepw8 a Str81egic R8FKKt. 14 Rg8ponslbllltlg• of Tru¥t A£ 8xplaiwd rnore fully kn tftJsle88' 81alem?nt 881 oul 12, the trvst888 8r8 responsi￿8 for the pr¶t¢on of th8 finarKtal stalemnls and lor ￿'ng satisfi8d that Ihey giv8 a true and fatr vth. and for such internal conlrd &5 th8 twslees determin8 necessary toena￿8 the preparation olfinandal 8tal8m8nts Ihal ar8 free from mate￿1 mi$$lat8mgTrt. wh81her du8 to fwj fx error. In preparing th8 finandd statsmB*bts, IhB trustses are r@s￿)nSib￿ for assesslng 1￿CharIty'S 8bS1ily tott)nllnu8 s a 9)lThJ concem, di8cknsiThJ, as appI￿at￿e, mallws related to corthin aTrJ usin9 the golng concern basis of accounbng unte$s the trusts0$ 4hl*r int•MI tr¥ l*ukJate Iho dwrtty ortOC4J8$0 operatbn8, orh8¥0 no re81isllc allernaliv¢ trMJl to do 80. Audltor's r•sponslbllltl•s lor th• audlt of th• Ilnanclal statem•nt• Our objodves are tooblain 05surw*e abo￿ whelher Ihe filla￿￿1 s18ter￿n1$ 4$ o whole 4r0 free from malert81 miss18t8m8nt, vth8th8r due to or 6rror, 8nd to issue an 8udilu's r8port Ihal includes tyjr op￿￿)n. ReaSOn8b￿ 888uranc8 Is a htrah levd of a5suranc8 bul is not 8 guaran168 th81 an 8udil conducled in ccordance ISA5 IUKI will a￿ayS detect a malwial n¥sslateffl8nl when il exists. Mrsststymen15 t8n ar150 Ifaud elror 4nd we c¢Jn5iderod mate￿￿ rf, indfvklually or In tho aggregale. Ihey ry)uld reasonably bo XP8cl8d to Snfluow th& e¢sliry rTrHrwal r)urnal enlrEs ¢0 manipukte financ￿1 performance, manag8m8nl bias Ihiough I￿19￿M￿nIS and assumpknns in ¥￿nif￿aTrI accounting 951imalès. in particular ID relation lo revenue ￿Qgniti)n Iwhth we p¥rwnted lo the Cut￿11 assert￿TrI, Ihe dassific8tion of income aTrJ expeNJilur8, valuat￿ of Imi?stmenl prop8rtte5 signifKanl one-off or unusual trans*tkM￿. Our audil pr[￿4￿1￿$ #) r8lalKJn to frnud Ir￿thd bulwere lrnlled to.. Making erv4ulr￿8 of Ihe Iruslees m￿*9￿1 ￿ whe￿r they had kth4edg8 of 8Ctual, suspecled or aleged Iravd.. Gainlng an uThkntandthg ol th& c￿trol5 95￿16￿d to rnliwle rok5 relaled lo fraud,. Dl8cus$lng aftK>ngsl éngagèment team Ihtt rf5ks of fraud.. and Addressing Ihe risks oflr8LvJ 1th￿9h man8g8m•nioverrNJtrol¢￿lr01$ byperfomiknglourn81 enlry18sllng. There are Inherent Mrnilalvjns In the 8￿j11 pr¢x8dur88 descnb8d at*)V8 8ThJ th8 primary roskwslbll'ly lor th8 prevenllon ond ¢lelgGllon of ®ularil￿5 Irr1￿JIng fraud rests with management. As wllh 4ny audll. Ihere remalned 8 rlsk ofnon-deleclh)n ol irregularities, 8$ Ihese may in¥dve¢thlu5K)n, forg8ry, inlentthal ¢)ml$$ion8, misrepresentalv)ns ty the overrkle of inleinBI contrds. A lurther descrlptth ol our 18sponsibrfil*85 for Ihe audit ol Ih? is k￿led on th8 Flnanc Rgporllng CouThcil's W8b5ile al lit s. Thls d8sulplk)n forms part ol our audllor's report. U8• of th• audlt r•port Thls feport b m8d6 SO￿lY lo Ihe charlly's 88 a ￿Y kn OCCOfdorth wllh Choptef 3 Df Part 16 of Ihfj Cornpanies Act 2(K16. ¢)Jr audit wuk has been ur*J8rtak8n 80 Ihal we rn￿h1 stale lo the charlly's rr*mbar5 Ihose mallers we are ieqvired lo slale to Ihem in an auditor's fepr*l other puipose. To the ful￿51 extent P8frnillfjd by ts%¥. we do rY)t accept or assume rOsF*￿s￿l￿IY to anyon8 othw than Ihe charity and th8 charlly'8 membef8 a& 8 body for cAJr ￿di1 th, lor thls report. or for Iho OFthth5 we hovo fi*mod. Michael Swght Isenknf Stalulory A￿llIOrI for 8nd on behallof Fmis Mazars LLP Ch8rt8red Accouni8nls and Staiutory A￿1rtOr Sth Fkx)r 3 Wellinolon P￿ce Leeds LS14AP Date.. 30 July 2026 16 Statem8nt of Flnarbclal Actlvltles Ilnrludlng Ih¢omo •nd •xpendltur• account) For the year ended 31 December 2025 funds 231 Incornj and •ndo*Tr*nt* fron Dona￿S ￿ Iw Ch8fi18t40 Othr Ir4d*u 1370.092 144.LX 118.121 287.817 137.8&5 12.613 3.070.510 2.425,857 ?44,rx 118.121 287.817 137. 12.613 3,128,275 1.932.266 124,774 134.608 293.571 152,195 5,916 2,643,330 R•n￿ and 0th6r Tot•1 55.765 exp•ndltui• #h.. I34.￿3 134.948 162,E4)B 11))1. $2,011 2,423,e 2.580.Z78 Yot•l 3.135.932 3.18B,¥4 N•t Id•ll¢iunn¢oh* 6&4221 62,52J 57,V52 Rwmkn8lthofkn%*81m•rt TrBnslqr8 beiw•w N•t nkiv•n¥nl ITr lundl 16 547.139 6115611 547.139 sso.oJ• 62,S23 37.OS2 R•con¢lllil+on ol lunth.. TOL4 luth ￿￿h1 tm¥8rd Tot41 lund8 ¢•vFl•d I#Fw•v 12.gy,rm 12,341JO8 1409,22T) 140.111 12.544,8d2 12,4B2.31# 12.A87.790 12,S44,B42 The 5L818rrth* ol lh• yow. I IrKQm•￿d expond￿ Ovl*•s kom rthl¥thJ •clMII•¥. Thv no1B$(￿ pau?520 ID 35 k¥m wtol acwxts 17 Balance Sheet A5 at 31 DeGember 2025 Company number.. 03913741 Tolal 2025 Fixed asHIs Tafigrt)￿ assels *SlpnfjnL8 oop05￿¥ Totalfix•dassols 9.181.164 9.671.287 5,6S2 12,694,921 5,652 12,544,444 Cuwr•nl a•••t• 10 256.510 484,459 742.969 17SM23 953,583 1,129.4 Cash al bank and Tor8l¢wrw¥4SSthS Ll¥blllll•• Ciethlors arnounls 12 205.572 al9,￿8 537.397 13.232,31J 710,391 13,ZM.842 Tolal asS¢t510ss curr•n1I141￿l1•S Loig Teim La￿1 13 79).(¥YJ 7￿.[0? 12,482.318 12,Y4,842 Th• funth of lh• ¢hawlty. Resti￿l￿d Inccthe 15. 16. 17 16. 17 16. 17 140,811 11.939.265 402.243 1409.2211 12.158.787 4*.282 lfveBlr￿e￿ fundB-Genuo1 Tot•lch•rtly lundj IZ,482.319 12.544.842 These fin8nckql stalernents have t*en prepared in xcr*darKe ￿ Ihe sp8Ck91 prov¢s#Jn5 of the Compan*s Act 2006 re￿lIng lo small eompan*s. Approved by Ihe directs$ on and signed on Iheir behaifby Sleve Adarn ITreasui8rl 21 July 2026 The nole5 on pages 10 to 35 lorm pwtofthe5e 18 Statvment of Cash Flows Ftsr tho y¥•i 31 D•¢•mb•r 2025 Cath uMd oF•i*Uno •ctl¥Nfj•* 21 1442,3551 16J2,742J Cmh IlowT1romlnv••￿n1 xtfvllb•¥: Irl£resl Rents from SalÈOf￿gbIB fixed aawl• sa￿ofIn￿￿&knen1S Pur¢h•86crfWW fixodA8$81• lu*•d Inll pM¥hl•d by1m1•￿kng a¢ll¥W•¥ 14463 33.010 260.$61 1314.5851 26,7th1 13.396 2eO,1n (D￿reaSo) I 1469.1241 352.$6T C4Jh and c48h all￿ 959, 1.311.802 T•l•l ¢••h and￿h •qufj¥•l•nts•t th• •nd ol¢h• •59,235 nolos on pAge5 20 10 35 fc¥Th partof acrAx•MS 19 Notss to th• Flnanclal Slatfrmenls For th• ￿81 ts￿￿￿ 31 tl•cernber 2025 A¢fjounUng poll¢185 a. Accounllng cc￿vent￿ The charity is a public be￿[rt entity and Ihe accounts are prepared under the hislorul co81 convention in accordanc8 wslh FRS 102. the FfjnanC￿ RepL¥tsng Slandard applicaN• In Ihè iJK and the Repub￿¢ gf Ireknd. the c￿r￿an1￿5 2fTh and State￿1 ol Recommended Pradc8, Accounliry Rewrliry by Charitss ISORP 1021. Tho Ke5wKk convent￿ Tru51 is a privat• cowpaThy Ilmilad by w8rw¢•• arKI 5$ Mn"profit rna￿ng. The Kes¥￿Cl ConveThlkin Trust 48 irwrKxat8d in Ihe United K¥vJthm and 18gvhtered In EThJLgnd and Wale5. b. Ccnso*J8 The ¢harllls Iwo 5ubs1dbw￿8 are rb)t C£￿501b￿al8d on Ihe gro￿& ol lftmmatthallty. Gdng concam Th8 eorwny'$ ac11vil￿. it5 p•rfcmance ar• sel out kn Ihe Direciors. Report on pages 4 10 12. Th8 ctynpany'5 forecasls aTrJ projecthy￿ thal ih? coryarw ghould be 8No 10 ¢)pw•l• wlth Ihe worklryJ c8pilal faoli1￿$ 8¥8118ble to rt. The Trusteés have g ¢ea$Wab￿ exp8clalkn Ihol t￿? O)ryVony has 8d8qu8te lo conllnu8 in operation* exislence for Ihe forese8abl8 luluf8. They Ihèrèfore continue to adopt Ihe yc4ng c￿ern b8sis of xcounliThJ In prepanThJ Ihe ann￿￿ financo15talarnents. Thore ar• M matsrbal uncertainl￿5 the enblls Ablbty to fxJnIln￿ lo owal•. d. Income OonalN)ns and lega&s con51s1 ol glfts, offerrrffJs, •nd rt1Oled Glft Ald clalms. In¢om& whrh is re¢•w•d lor a purFose is accounted for ￿th1Th a r*Jlri¢ied luNJ. Incorne ￿$ recognised In Ihe year in which Ihg company is gall1￿￿ lo receipt and the amounl can be measured rel￿￿y. 11 Is allocaled lo athii*s on an xlual basis. In at¥x)rdan¢e ￿th Ihi$ policy, legac￿5 are irKlud8d when Il *s prOb9b￿ ihal IW wdl 18¢eNod. OonalKJns In k•MI aro al la¥ w￿￿•. ￿ xcordarKe accounlng 8tsndard&. Exper￿ltUre Includes all expendllure dlrectly ￿lalit¥j lo Ihe obi&ts ol the charily. Induded on an accwals ba818, inclus4ve ol any VAT GanrK)I be remed. on the lolb)thJ ba￿$.. Wherever rw)55ible. cosls are 8*xated to xlNili85 on an actual basts. Costs 5hwed bBIwoon clivilles ale apportroned beh¥88n Ihese adi¥11￿$. Supp(Kt ¢Xbsts %¥hth are Tr)1 altributable to specific aclmty ha￿ been aPFM)rllot￿ beiweon IhB adN11￿5 betry supported. Wages atKJ salarie5 have been sF4il bel*Yen lunds on th8 basis ol eslimaled lime S￿nI by staff membets on the DerweDI prgecL Note6 to tho Finan¢lo1 Stat•m•nts For lh• ￿ar ended 31 Dec•ml)er 2025 ConlSnued f. Fin8rri81 instrum8nls Irwt only h88 finarKial 8888tS 8nd thaiths of a that qvalfy as basic fin¥n(441Th8trumersts. g. tlebtorn Includes amounts fftvoi¢ed tmjt pahJ. kyther wilh poyments kn od¥arKe. 1855 WOV15b)nB lor any doubtlul detrts. h. C88h at bank arvj In hvKt Eoutytes tole881￿ 11￿ (*5 acres5 bank t•lam and ¢a8h Ibjats. l. Cr8dilor5 pro￿￿8 lor Ibblhlkns IrKludo$ wrche8e¥ bul r￿t y81 pa*J. co1￿$$￿￿ry gre Ir￿sUred al8nK)rt4s•d cost. l. Fixed 88sets Flxe(S as8818 we al sN*Jnal cosl rx, ff don8tsd, ai the* the date ol th8 gKi. 185# ccurnukled depreda1h￿. 08pr8ckg1￿n 15 cal¢ul81od lo ￿ll8 off the cost esllm#l8d rosldual vèlue of fixed asstrts over Ihelr esllm8ted useful life. LBnd ¢$ nol deprg¢181ed and buildings aro depro¢ieled a18 r8t6 of 2% on a slrtrJhl.lin• bas￿,. wuyrthl aTrJ furnlluro aro Wr8ck91ed on reducing balance basis at 8 rate of 30%.. The n*nimum wilalisab'on is £l.C(Kl. k. Fund ￿Count￿l￿a The Ilreclor8 h8ve retah*d Ihe de*lana¢ed $ums k)m*vJ part ol urweslrklgd funds to be used lor parl￿￿( wrrx)w in Ihe fulure as ovth'ned in 16. Invostrnont6 h 8ubshJL¥k85 are rqccwlwd ty Chortty at co$l1855 ar¥J lor lftwlmient. l. Invoslments Inv881ments held 88 fixed assots are staled 81 cost 18ss FYovi¥ion for any pern￿nent dimlnutknn In value or at tsli volu8 as delermmd by Iho Tr￿1￿8$ a$ h) Note 9. ItTrveslrr*nt81Th subsidw uThJerf8kirwJs ore 81 CO81 I￿8 8ny P¥Ovts￿ for Impairm8fi1. m. Publk benefil corte88knTrvy I￿8 Publi¢ Concess￿arY k)ans are inibaly meawred at cosl wilh cBrrying anKTrunl Sdlusled in 5ubsequenl yeais lo ¥eftect repayments and any Impairmenl a8 detefmirlgd neGe550ry by IhÈ Tru51e88. Owrallnu18a Rentals under lea¥8¥ recc¥Jni*d in eXpe￿Illure o stra￿￿-1￿? ba815 over the perlod of lh8 lease. 21 No¢u to the Flnanclal Statem•nl¥ For the year •nd•d 31 D•cemhr 2025 Continued Judym•nts In 4pptylng ac¢ounUng poll¢l•¥ •nd key •ourc•• of••tlm•tlon ￿n￿rt01Thty Inve$tment propert The Rawn$￿ sile has valwd Ihe basL8011￿ Ir¥Thie derwe(I fromcai parking. An Infofm8 has ￿en takèn a5 lo an appromale rat• of rgluin. wilh incorne lor8cas1 into p&rpelvily. inforrned by hrAorK ￿an5 arry olher p8rtineTht exlemal fths. The Pen¢il Museum has ￿ val￿￿ c￿ the basis ol the nel income dwITr￿ from rental incorne. An Inforrned view has been taken ys lo an appropriate fa￿ ol r•wrn. wlth Income lorec8St into perpplully, Inlorrned by his1or￿ tr￿￿$, krvjwn pknns and any Ol￿r porbwil ex¢emal factors. Dlscouni rale$ In Ihe rang8 7.S% lo 8.0% ar• con5pJer8d Bpprcpriale and beon used for these C81culaikJn$. Derwenl ￿c4￿¢t Slt¢ devek)wnent wsls h re8p8cI ¢Ylho Oery¥8nl Pr(*l lall wAthkn I￿vArcOt￿l Goods Schem8 as such an e5Umaie of Ihè VAT parlualy 18coverablè Ihgreon is included al Ihe balanc* sheel dale. Th &rr*>Jnl ol VAT part￿llY recovered is linked 10 Ihe ojrrenl and &voJacl8d actiwli•s of u)e chHrily. In¢om• tl0nau0r￿ aTrl W+es.' 2025 2024 Lagacles iknre3tricted 6)nthL Fl*$trscled dcnabons .971 2,313,121 32,116 1.737.￿7 2 425 857 1932 206 IrAwtsrnnls'. 2025 Irknfjsl 18,464 269,353 Z87 817 33,010 260 561 Notes to th• Fln•n¢lal St•t•m•nt$ For year ondod 31 O•¢vmlxr 21125 Cont*lU8d Analy*ls oléxp•ndlluro on charltablo ac¢fvlllo5 ztjvhy ssionary frwitalty FMJ Oemnl PrWI 51.254 51.254 1.358 1.3&8 restric*d fu charItab￿ 1.665,554 202.375 1919 183 728.057 405.252 2,393,611 607 627 3 053 850 Tot•1 CharSt8bl& actfvllk85 costs th& ye81 rcKJt*J fJ)8ts of Ihe SkKldww Slretst Ctyi¥entkJn C•ntre 8nd 9¢8Noffices, and ol R￿thY bJildiTrJ. 2024 comparatlv• ¢osts Totsl Actlvlty MiS￿￿￿Y kb8F4t• Fur¥ Derw8nl Project 1&140 SS.419 15,140 55.419 Charilat4e acti%iles 1.343.439 76.328 1,¥26,677 426.433 2 423 669 350.105 char￿￿& actSvllies costs the year r¢JuTrJ costs of the Sk¥Jdaw Street ConYentkJn Centre 8nd ¥tBff offte5. ond ol t￿ Rawn8ky 23 Notès to th• Flttanclal Stalem•ttts For the y••r •nd•d 31 D•¢•mb•r 3025 Conimued Audltor* remunoratlon Th• compony kn¢Uff￿ th8rg8s the ￿d11C￿. 2024 Aud51 le•- 2ff24 Audll fetr- 2025 Taxpthce 8TrJ 1400 21.￿ 75) 19.5fy) St•ff ¢o•t•, r•lai•d ￿rtI•l Ind voluTrrt••rn 2025 2024 W•Jes and sakries Sc¢ial S8cwity costs Pqnsbn coThtrlbAoM 517,5KI 41,961 70.885 427,&]0 25.793 58.193 The Tiu$l orwates 8 denned conlrttrth p•Mv)n 8chom. No employee e8m8d £60.{￿(• per annum or rh*Y•12024- rb) eamed £60,000 per annum or morel. Ono 0mpkn￿'s lotal*mployment package, IrKludlng s*soctlk• 8ryhngerwnl$, exceeded £60,000 12024 - no em￿0Ye88 lot&1 empk)ynwnt pa&ag8 5*ry sacrffic8 aifarwemenls exceBded £60,(th1. The average number of full lim etyfv8kn¢emF4oyees w85 1712024- 121 and Iho averago he8d¢wnl w8$ 17 IW24- 141. 2Q25 Tru8t8e8 CIW Ewub'* ￿ Thr￿trIr d Bwlr*ss (￿ratio￿B The above remuner8tion L4 consideied lo be ￿ remurwalKJn ollhe key managemenl personnel. Mark Ellls Chief ￿￿Ul￿e who lad lh8 oryanr8alTh, a55ks18d ty Ihe Dirrftty of &j$Ine￿ oPera￿On8, M¢k8 Cau5ey. Expertses of£3,52112W24-E5.(rf81 ￿l￿dAlr$•j to 10121r24- 10ltruslee's lor Iravd and rneetlng expense$ in the year. The spouse of a liuslee. receryed rerNI￿ra1￿In of £6,504 12024 - £12.6911. A contribulion of £520 12024- £1,015) was akno made to the thairfy defined contribulKJn pensK)n s¢*em?. 25 Not•8 to th• Flnandal StstementS For the yt¥r •nd¢d 31 D•¢ember 2025 Goniinued Slaff cost$, i•lated pa￿•8 and volunt••r¥ I￿ntInUO￿l No Iruslee dwttior rtctivtd any iemworatw in re5F¢Ct of their ser¥K8s as a Trvst8É of the Gharfty. The chanly Is exlrernely grateful lo ovet 750 vrAunleers bvho assist durity ihe three weeks of Ihg Conventsori and al olhef Iirne5 lh1oug￿l th8 year. Tha Convenlth volunleeTs undertake a w￿Je varlely of piaclical lasks in the areas of ch￿dren. youlh, 8nd ytKJry adult's rninislry. slewardirKJ, ale￿ng, gtft pr¢xe55ing. and receplKm. Wilh ihe ConvenlM)n on the new sile, il w85 wOThjerf￿ to see ever￿6 working I(￿81h￿r in Il* 8th¢0 ofthjf LL¥d. W8 ar8 *sD Indebled to Ihe ve4unleer8 **K* have l*d year-rowd adminl$lralive la5k5. aTrJ wllh prÉclltal 4uoss our stes. The Irusle88 whh to record Ihelr 8pw•c*lth lor ￿ the a551slarK8 Ihal has t¢8n, and conllnu¢$ to bo given In support ollhe Fl¥•d ••¥•tS I bU￿lIv￿1 & Rwr•l•y ￿•￿1 F•¢1￿ E4ulpmvnt & Furnttur• Tot•1 CCBT At l JaT￿Y 2025 Ad￿￿{￿h8 1.1￿85¢ 9.074.184 209,933 189.440 24.652 11.042.413 314.585 Al 31 oe¢￿¢r 2025 DEPRECIAn At 1 JonuBry 2025 Chwge for th• yq 602.257 22.174 ,164 IW246 172,067 12,28B 13. 204.IOP 516410 184 355 15TS 234 T BCI]< VALLE 433. 8,714.020 17.373 9.671.287 The Convenlion Centre al s￿dda￿ Slreel. wlh o not of E484,423 $8curtt o Dn favourable lfjnyts from a svpportwe charflabl? IrusL 26 Notes to lh• Flnanclal Statvments For tha yvar•ndod 31 D•Gemb•r 2025 Conlnuod The trust owns a number of bu11 diws for dtherent pull￿e5 •xI 00¢h of these h86 Il$18d bek)w wllh a de8crlpli(m of ￿ usago and tho acco￿￿g Ir8aLment. P•nGII F•¢lory •bt• Site ofthe annual Conventtm end mwly oflha yearrfwnd Teaching and Trair￿￿ Events. wttich is valued at cost1888 d•preoalK)n. R4wn*F•y- Bulldlng¥ NgigFTtK)uring the Penul Housed $laff t)Ir￿S unlil Iheir mve lo Iho Pencil F8ctrJry Sile mid-year. Upper floor renied lo K&S*￿k y￿1h Club. U8ed durir¥ C(m¥onl*Jn lor tsam catsring, and as'galeway" lo maln Ille *hl¢h 1$ v8kJ8d 81 co811888 Rawnil•y- Car Pavk Car Park nebJhbourkng Ihe Pendl Factory stte. Ylhkh val￿d on Iha p¥esenl value of ¢o$h fv) Irom the car Pa￿ income in of a prDfe$8w81 ¥8￿81￿1￿. 8klddaw Str••t Used to accommodat• volunteers dur¥vJ Con¥8nlion. A150 US8d as T&T ￿6￿1 8ccornmodalkJ). Unu¥ed space lo th41 charf¢y'. occommodatlon u88d by ar¥J 0lh¢r groups Ilwoughoul th• yeai wh*h1s y￿U8d al ¢081 W deweoal*]n. Pencll Mu8•um S61• Adlacenl lo thts Pen¢il Facknry 8it8, which ￿ v&lJod on the ww•nt v￿8 olcaBh lkn from the renlal Incomg in1Seu of8 profwkjnal valu81ion. Inv•itm•nt• Unwot•d Property Invostnwnt• I￿￿*tM￿￿8 Falr Va VakMtlon Cost BMI• olv4u¥tlon Total Cos¢u ￿kIStiC￿ 811 JarAw 202S Dlswsas 81 cost or CAns on ie%BknatK)n Transf8r lo current asse¢8 Co¥1 or V#lu•tlon at 31 Decem 2075 2,￿7, 2,￿7,505 2,W7.X 2,￿17,505 Tho lair valu8 ol the invesimenl wopgrty has been ca*￿ted using Ihe cash flows of ren181 Incorm B$ s on Ihe inveslmenl. No forn￿1 valu81w)n has boen (**tain8d Irr*n a qualified independ8nl valu81. There are ￿ reslriGlion5 on Ihe 8fA"lity to vedr88 on dl$p0s81 of the properfles ￿ on the Itance of incorne. 27 Not•s to the Flnancial Statgm•nl¥ For the y•ar •nd•d 31 Docemb•r 2025 Continued 2025 2￿24 WIH)ty 5th5i(I'*y.' Keswick c￿￿ntion Prciect L*J Ke5￿ck th%enllon Fwts (Rwsknyl L*J K•swk* Convent￿n PioJ8cI Llmlled. 8 ¢¢)rnpany gngaged Car￿ng oul proJ8cts Gonnècllon wllh th8 Ke$1￿Ck Convènlw. and Ke5*ick Convenbrm Projects (Ra¥*n¥￿yl Lwni18d, # cornpany en9a9ed In carrying oul trading activit￿8 in suppxt of the KeswK* cc￿ven￿On. 8¥e both owned IradlrvJ subsidiaths, and Ir*oiwal8d In En￿and. 8har8s hekl ￿dInary £1 sh8res. The year 8nd lor both SI￿$1￿18r1eS is 31 Dec8mbw 2025. Th8 aggwale shwe capilal and reseryes of KeswKk CL4ivenkn Prlects IRawn5knyl Llmll8d wai E19,525 and its lurno¥8r lor the ytsar w8¥ t312.(￿5 18$ulllrYJ in 8 prohl of £19,523. K85wKk CcnvenliThi Proittl Llmlled w8ga18 share caF4tal and reserv85 at 3108cember 2025 wa5 £16,307 and 115 turnover for th8 yèar was £68.887 wults.ng in a net pmfil ￿lOre tax 01 £11,498 8TrJ donaiw5 to the p¥renl c￿npanY 0113.546. Consolidaied financkngl stalem8nl$ have not been wep8rnd on the gmur*J6 Ihal ihe 188uIt8 of Ihe sub8k1iary undert8kbw8 rol be m81ert4 kn gFotsp fR)8nclal Stalemenls. 10. O•btor 2025 2024 Trade debkns P8ymnts in Prepaymrits wwj accr￿￿ irKon JunLS owd by uthtth'rys 57,656 61,246 121.308 18.3rKJ 8.739 84,457 $9,584 11. Ca*h and cash •qul¥•lonls 2025 2024 Cash In haThJ ce desx)&"ts (kn than Curienl 6S5el 4T4.￿2 10.257 243.588 709,995 25 2024 Lcryer 18rrn dekx)sts currwtasset 5,652 Tot81 cash 490111 Noto8 to tho Flnanclal Statomonts For thè ye8r èndod 31 December 2025 con11r￿s￿ 12. Cr•dltorn: arnouh¢¥ f•lllno du• wlthln on• y••r 2025 2024 Tr*Jo creditrxs (Jher ciedi Co￿6&8￿nary AccruaLg D¢ferrod Ir¢tyr 3.240 39. 17.LK)S 17,642 a￿.000 42.fj49 205 572 D¢forr•d Inct>m• rd8le8 to deposlts lor t*)oklrp ¢ourse 18e8 lathrwJ In th• Mxt finandal yoar. Dolfrmd I￿￿m9 ha5 been recognw 0$ Id&￿.. 2025 2024 Deferfed Icrfv•d Reknased IJ in¢(xrn durlro the y R8C8l%vJ durlrvJ the yw Oelerred c8rrled 13. Cr•dllor•.' •mount* folllng du• •ft•r on• year 41,712 141,7121 43,457 143.4571 1C¢.880 Con¢M•lon•ry beWn 1 2 years Due b8Wn 2 8r¥J 5 yews Du? 8fter 5 yews 2025 750.C The £750,11￿ loan is tance5$KJnory' from a suppLvtive Chrk5ti3n Trust.. ot 2ero inlèwt.. ￿Pay8b￿ by 16 June 2027 and $8oJr8d by a fir51 charge on Ihe Skkldaw Slreet Convenllon Cenlre. 14. Flnanclal In8trum•nts 2025 FinBTKI4 asseb nwswed at rntis•J ￿￿t Cath and cash eq￿W￿lS Fina￿1￿ lith%ties ￿aSure￿ at arrKKI5ed ctsst 75 WJ6 4￿,311 753.240 31.W2 959.235 FinarKial a580ts rn￿￿red al amrbsed cosl wrise Itado aml ollw d8btu8. Finanoal I￿1￿1￿&$ asured a18rn0rtsed cost ￿npr￿e Ir*J8 and other creditoTr aTvJ k>wty. Not85 to Iho Flnanclal Sl•temtnt5 FIX the y•ar •ndqd 31 D•￿nb*￿ 2025 Continue R•*trl¢t•d funds IAovem•nt Expenditur• 1 J￿￿ary 2025 TrJn¥fvr• 2025 31 Oecember 2025 2025 ssionary Fbspllalty Demnl Prwl Fu The B￿lI1r￿J5 Fw The Websikn & AKV FuThJ 22.912 1432,1391 152,8f61 432.139 65.0 50.OCXI 494 273 25,811 65,000 The MI$$K)nary Hospit81ily Fund was 88lablish¢d lo rnceNe gifts in (xder that accommodallon can bo provided and gr8This can be gl¥6n en8WIry ￿￿¥5￿)na￿S lo attend Convènith #nd other Keswick minist1￿S missKJn r￿ated together ￿th assotsaied adrninislrzlion costs. Duilw 202S mnl&$ were gwen aryj used Io 8UPPOrt an intwnallonal of representativ88 from o¥erwa$ Koswkk. durlng the IS￿ Ke5wick ConvenlKJn. The Derwmt Proi•¢l closedl SUFPOrt•d t￿ pur¢ha* and relurbthT￿l of iho Pendl F￿lOry 811• In Ke$1￿ck, Ihe lulure ol th& c¢￿11)n and BPo*•rvJ the ye￿-r￿nd qrowlh of Ihe mknl8lry. The 8uildlng$ Fund represent8 am(¥Jnts 881 a8kle in I*￿t￿n to lubjre on ￿1￿￿1￿8 wllhin the Chwily. The Wgbsile & App Furvj rep￿Sen18 an￿￿nIS sei •sNJe in ieLHtK)n to updaleg lo Ihe w8b$ile and develop￿nI of an A￿tr￿led funds are hdd Sn liquid au•lo. Not•¥ to the Flnancl•l St•t¥m•nt¥ For th• year ended 31 Oecomber 2025 ConlSw8d 16. Summory olfvnd mo¥ements 8•lan¢e Gakn ¢)n BilanM 31 1 JwKwy 2025 Fwxl 2025 Fl>*d Assel Der￿n1 Proixt Fund 11,828,787 1204.107) 314.585 11,939.2&5 FUTh 495,282 3.070.510 11931,tr25) IrJ1,7241 402,243 iknrestrktsd F￿dI 12.954,[￿ 3.070.510 3.135,932 $47.139 12.341,508 ssion8ry Fdleh'ty Fwpj Oer￿1 Pi*1 FLnd Th8 8ukJirvp FuTrl Th8 Web￿.1& & F R8sLricknd FurKIs 22.912 (s2.￿) 25,811 1432.1391 432,139 6SCIYJ 65.(KKI 50.00) 140811 Y7.139 TL¢A F 12 544 842 3 126 275 12 482 319 nal The Fixed As$el Fund re[￿ents Ihe lolal amouftts Inve$lerf, from gernr81 lundj and Jp8eS•l appeals in the pa81, in tsngib* fixed 855els and in¥￿im6n1 w0￿￿leS less depre¢io1ion mnd bDFrowings secured Iher&en. Included wthin Ihe Fixed Assel FUNI ks Q,139.91812024.. E2.139,9181 of non￿lstrIbUtabJe reseryes. arisng from revalu81w. Th& DeTh¥enl ProJec¢D¢$ignat8d FuTrl le￿￿5•nI￿d•n￿nb sela5hlo in relBlknn lo thu DeN•nl Project. Tr Transfers of £432,139 from the OeThYeDI Project Deslgnaled Fund to the DoNvenl Projecl Restrfct8d Fund rola195 lo the nogalNe balarte on the lund to thB ol dose. and £197,861 from the Detwent Proi8cI De8pJnated Funr$ 10 lh6 Gener81 Fund rakte to Ihe excess bobtK¥ ￿ Ihe D88wal8d Fund. Tian$fws of £314,585 fr￿￿ th8 Gener4 Fund lo Ihe Fixed As881 tlesynatfjd FurKI relate lo Ihe c8prfa1isa1￿Th olfixed a55ets purGh8sed in ￿spect 01￿ genergl fund. Transfers of £s0,(MM) frcffl Ihe Genet41 Fimd to the Webstte & ￿ Re$th¢te￿ Fund id8le3 to InltLql 8rnOUllt set a$NIo lOrWe￿Ie & Arv. Transfers of £65.¢XMJ Irom the Gerwal Fund trj the 8uibJry5 Re5tirted Fund ￿lateS to Inltl8t anwxnt Sel askle lor BuildiNJ W0￿S. 31 Not•& to the FlwKn¢lal Statem•nt$ For the y•ar endvd 31 D•c•rnbgT 2025 c¢￿tinUed 17. Analysls ol n•t assots b•tw4•n lund* TanWbl• knv•8lm•ht$ Net Currmt & D•pos*s A•8•t8lllal)Iltl••l Lon9 Term co￿•6$k)m￿Y Lo Total ithre5tr1ctsd- designated lthrestric18d- gew Total unr•strlct 9.781.765 2.9)7.S( 179),tXQI 11,939,265 396.586 396.586 402 243 ?2,341.508 9.781,765 2.913.157 1750,C#XII M$$l¢mry Fbwl81ty Fund Def%4wI Propcl FL The BuiklirwJ5 FUTh Tho Vvebsile & ￿ Fw Total r••tild¢d 25,811 25,811 65.(M)J 50.C¥XI 140,811 y),0 140,811 Tot•1 fvnd# 9.781765 2913.IS7 12482319 Tanqlbl• 2024 Ne8tment$ N•t Cuiront & Deposhs PA18t￿ IWJMltl•¥l L¢)ng T•rm Conc•s8lonary Total Lhre$trlcted- designated lthre5tricted- weral Tot•1 ￿nTO￿trIcted 9,871.287 2,￿17.￿ 1750.C#XII 12.458,787 5.657 2.913.157 489.625 1.119,625 495,282 12,954.089 9,671.287 17S),(JX)I M851￿arY Fkw"181ty Fund Delw￿l PrDkct F¥nJ Total rostrlct 22,912 22.912 432.139 141YJ.2271 432.139 1409,Z271 Totsl funds 9,671287 2 913.157 T￿.1))0 12,544.842 32 Notes to th• Flnanclal Stat•menls For the year •nd•d 31 D•cember 2025 Contlnued 18. R•latsd party transactli)n¥ Keswick Convtyntion Propcts (Rawnthyl tsrnitod 15 a wIK)ty ¢)wned s*Jbsidi8ry ol Ke5wltk Conv8nlh)n Trust. For the year endod 31 D8cemb81 2025 K@sw￿ C￿vent￿)[S Proje¢is (Rawnsleyl Limited was charg8d rent of £243.9B4 12024 - 1263.6921 ty Keswick Conventirn Tw61, of which £18.299 12024- £23,062) remainwj outslarxllry as al y6ar 8nd. Ke$wlGk Proi8cI Limi18d is awholy owned wbsK119ryoI K¢8wk* Convontttyn Yw$l. Ke$¥￿ck C£￿vents.0n TnJst no experw8 on behaifolthe 5ubshJkiry. Al tho year-eTrd a has been rn￿le tr Ihe payment ol a charita￿e th)natS)n In Keswlck ConvenlH)n Proi8cI Limrted'8 8ccounls to Ke5wKk ConventkJA Tru$l Ih8 sum of £nll12024. £3,546). Ou￿ng Ihe year Ih8 Tw51ees mBde to Iho Chwlty 01 £12.32412024. £14,548). 19. Fln•n¢l•l commltm•nt• At 31 December 2025 Ihts ch8111y hth1 c•pltal ￿lM11M0￿18 lolallirrfJ £nd12024.. £41,826). P•nslon cvmmltmnts The chadly cw8le8 a defined c0n1rlbjlh￿ pen5K)n SCI￿ c(*npli8nt ¥vilh wJio enrdnwnl. a$$el$ orth8 scheme Bre h•ld $0pwaloly trom iho88 of the charily in an Indowndonuy admlni5tered fund. T pen*(ffi ¢0gt charge represents Contri￿￿$ p8y81)b8 by tha th8ri1y to Iho fund and amounted to £70,88512024.. £58,193). Cfmldbutknns to¢alliTrJ £11.046 12024." E4.1101 w8f8 paya￿8 to the fund al thè balarfe $heel d810. The commllThThts we a Il•blllyoflho wrn$lrkW lunds. kn Ihe *ith Ihe experbee. 33 Nole¥ to thv Flnan¢lal Statement¥ For th• yvar •nd•d 31 D￿￿mb￿r 2025 2f. R•¢on¢lllollon ol n•t movem•nt In lo n•t ca¥h ftow from oporatong a¢tlvltl•s 2￿25 2024 N81 incLYbW for peric¥J 162,5231 57,Ik52 Adwstrmnts r6specl d.. DepYeci8b'on chwges Ropayrywl ol Lo8n5 In*resl r8c*%*d ReTr￿ ivcolre {Ir￿reaSo)1Do¢l¢a$ts In debbjrs I1￿reasO1{0￿1sbsel in ¢xwJtry# 204.107 IM),(KAII 118.4641 1269.3531 182.6871 86.565 193.087 133,0101 12&J,561 9.007 598.317 22. Anal￿￿8 ol changos In n•t At 1 J•rnwry 2025 At31 O•c•mb•r Cash Il¢>ws Tr•nslor* 2025 Cash ￿ cash wl*lonts Debl due ￿ th8n ¢Th yew D•bl due aller ￿ year 959.235 13(KJ,(Wl 79).IIN) 1469.1241 490.111 7SI (MYJ 169 124 Note8 to the Financial Stotements For the y8ar ended 31 December 2025 Continued 23. 2024 SOFA ¢omparntlv•A Furvjs F(Axl$ Income and •ndowrrnn¢s fr(Th'. kgacies Charitabb xti%itie5 er tradiry I0￿￿1￿nts Rents bcerre Irrcm 162.343 1.932.266 124.774 134,eA)8 293,571 152,195 5.916 124,774 134,608 293.571 152,19S Total exp•ndthur• on: RAISI￿ fund5 harl1&* Total 152,540 2,353,110 2.9)5.69J lo.￿9 I62,￿9 2,423.6fj9 2 586 278 N•t In¢¢m• Trwsfer$ funds N•t mov•rn•nt In fvnd• 7.332 7.332 RKon¢llWlon olfunds: Tclal lunds br¢xKJhl Totsl lund• ¢arrl#d lorwai 12.97141x1 483.610 12 487.7 35