2025-03-31-accounts

ThE COLTSTAPLE TRUST FINANCIAL 8TATEhlENTS FOR THE YEAR ENDED 31 IAARCH 2025

THe COLT87APLe TRUSY CONTENT8 YoAf 6rxJ•d 31# March 2025 Lty81 & Admlnotr8b'v• iftformabon Rowt ol lh• Truil•8$ Tnffjl••' fe8PMslbllK)'os R•port of th• Audllc¥8 Stat•m•nt of Fina￿181 A(thdlo6 Balfin￿ h••t 10 Cash Flow 11 Nole8 to th• Flnancia.. Slatwn•nts 12.16

THE COLTSTAPLE TRU8T Pa9• 2 LEGAL AND ADhllN18TrATIVE INFORIAATION IAatthew 08k•shott {Ctwlrman) Prol Pippa 08keshcAI Lord Stonaham of Droxford Mrs Elalrte Colville Joseph Oakeshott LcKd Newty ol Rothwell Hon TrMwr•r: J P Thornton Ftt4 Prfnoyi off￿0.. 15 Que•n knm's Gale Londf SW1H 98U Uniled Kingdom Chanty Nurt￿•r.. 1085500 B•nkwi: Svenska HandolÉbank•n AB (Pub) 5. Floor 13 Ch•rte811 Strmt Lofthn SW1Y4QU Stockbrokw8." R•lhbone Brofvrn PIC G¢or9e Hc¥use SO G8orgo Squar• Gla$tyJw G2 1EH Audltor8.' Sn8w &bb• (Audit) Lwnil•d 25 St Thomx Str•al Winche8t 8023 9HJ

THE COLTSTAPLE TRUST P•go 3 REIX>RT OF THE TRU8TeEs For thè year er￿ed 31. March 2025 The •r• t40a￿d 10 pre6ent their rfjt￿ tc¥eltrttr tlw financ￿1•¢at0rn9nts of th• chartty foi Ihe y￿r •rKJod 31" March 2025. LW and •dmiTrI51raOve Itfftlmwtion set c￿1 on Ihe Irrftrm8tFon pag• form8 P8rt ol Ihis feport. Tho finaThial stalem•nts have been prep8rod In accordanets wlth the accx+unting poIIo• 8el out in tha r￿leS to the acC￿￿t8 ond comply wilh th• Charlty'6 Trust Daod, the Chwbtles Act 2011 AccountirKJ and ReportirrfJ by Charities. Sl8tem8nl of R6comm•nd•d Practice applKabl• to ch4riti•s w•p8ring thelr accounts in accorda￿e wlth the FinanGlal ReportiTrJ Standard appbc•bl• in lh• UK and R•putthc ol IroloThJ publ1s￿d In Octob&r 2019. Obl•¢tfv•• and Actlvitl•• Th8 Tru81 was •st#bli8hed undér a Trust Dobd dat•d 26" F•bruary 2fJJ1. obj¢cUv• ol th• Trust is Io W¢)vide r•lief to P¢fKrtIS in Troed, Poverty Cy dislTeM in dev•loplry countries and relief to persons vhio ar• homek•sg or in housw need In the UK ￿ afty ￿her part of lh6 worfd. Th• Charrty al￿ to MW runnin9 Costs of rt5 9rnnl maklrva objéctlVO8 fro fft investmènl incomo. The Tru$tée• mé•t ttnnually to the strategy and performanc¢ of lh• Chonty and to sèl lh• l•v•l ol grants to bo •ward•d. Publ1¢ B•n•lh Tho Trusle•8 confirm that they have compiiod wlih the <Suty in $g¢bon 17 of ihe CharlUe8 Acl 2011 and hove rèl•ffa(I to the gurfJan< Contalned in Charity comm￿￿0n,5 pnornl 9uidance on publ￿ benefit wh&n reviewing the Charity'6 olm8 and oblectlvés and In planning fvtur? a¢ti¥itios and s•tting the (k)nati1￿6 pcdty ftx Ihe year. Tho baneflt th•t •rt88s Is th• provilion of lundtng to ¢X9an¢$at￿ns thal piomote Ihe abov• ot4•ctive•. A¢hl•v•rn•nt• •nd P•rforniane• Granis 8ffthinknn9 to £1,000.OCNJ were made ID S In￿[lutIOns m tho year (2024.. £975.000). Th• grants awart1￿1 are delalled In th& notes lo the financial slaiem•nt$ Flnnel•l R•vl•w The Trusleos re￿&V•d £949,191 In In￿sIn￿nt inc(Mne in the Curr•nt y•or (2(k24.' £977.119 Indudin9 rgnts Irom inv¢stment propertios of £195,182). Nat cArtwlng re8ourc06 amount•0 to £(48,714). Tolal funds at 31. Mwch 2025 ￿re £14.330.963 (2024., £13.893,686I. Inv••tM•nt Pollcy The Irvstoes, investrn￿l polky 18 to maximise lon9 tenm iolal rolurn. 18king Iricome and caFdtsl gains tO9elhor without undue rls. Durlty the year to 31 March 2025 Ihe lotAI r8turn tx the charity • Inv081ment s)ortlolK? w•8 10.4%. in line wilh the FTSE Ail Shwo Ind¢ix. Nel IovoStm•nt inc4m• tol8ii•d £949,191 comporfjd with £977,119 In tha provhous yoar. wtrHC.I IrKluded proporty rènls. Th• R•l•d Prw Ind•x rom by 3.2% ov•r tho year to 31 Mtrch 2026 arKI CPI by 2.6%.

THE COLT8TAPLE TRUST Page 4 REPORT OF THE TRU8TEE8 (Contlnu•d) For the y•ar ￿ded 31" Mafth 2025 tsnagThnt Th• Trustee8 have carriod out a rnvlaw of tho ¢harlty'$ activiti￿ and th• rtsks to St18 exp(Md and confim Ihal cor•trolffi 8r• in pla( to milgale risk$. Tho main iiffjk to the Chadty ¢¢ncem• the InYe$lmants h•ld. Th• cholm1￿, Id8tthtrw Oakeshott. has ext6riv• exper￿rIce In v)V•iim•nl managornent ara on b¢hdf of th• TrLAte•$ and wilh advirAg from Rathbon•s. h• managv and r•vl•ws the inv8•tm8nl porfollo. Rathbon•8 arn i••wnsibl8 lor A•lo CUfAody and voluatSM$ of th• wrtfolits. R•••Th•• Polky It Is the Intfjntk￿ ol lh• TnMl••s to ￿$t￿Tr th• unr•8lncl•d fl￿d¢ al a l•¥•l whlch ￿11 provkl• suftk'•nt funds to continue the level of oranls paid to Ihal In prew'oug yoars and to cov•r the Chanty'• manaym•nt and 8dminiitrntion cosla. Structur•. aov•rn•nc• ••)d M•n•g•11)•nl Th• charfty is Unlncofp￿Od and ill pow•rn 4r• 801 wl in its Tr￿1 O••d. Th• Tru8¢￿ chartty aro Il•tod on th• inlorm*lI￿ pag•. Now Tfu•Io•g may h appoinl•d by the exisbng TruBt8•8. Th• TnJ8t Doed wovidos f(K 8 mlnimum Ot 3 ar￿ a max5mum of 9 Tnjs1￿. Mr Oake&W and Professor oakeshc￿ are 8nlhlod to trw)Id office for life. Other Truitees are appoint￿1 lor 5 y•or t9rm$ whkh are renewatJl•. IndUc1k￿ Qnd trninlng for Trusl6K IJ wovldod wher• relovanL Th• Tfusloae moel al l•a•t onc• • y•ar to th•CU￿ and imFd•ment Fthy. DecAion8 ar• mad• by o dmplo m•Jortty ol votei ca8t JI J m••tlng ol TfU$t00S. TnMl•e8 musi uso lh• Inwme and rn•y U8• Iho Cap￿ of the Trust ft>r pronwttng m8 charitable wrpo8•. Tho TnMt••g •preod that ilach year, In othjilion to d•stflhJth'ng pAbstantially all tho Tru•fs ￿corn•. Ihèy wlll distrlbutv any rgal u#lal grtrwth In lh• Tr￿1.6 inv6slm•nts. gro•Ah 48 rrw8urod a6 any •xc••8 ov•r Ihe IrKrM•a in th• r•tail prui tnd•x. Futyr• Pl•n• Th• Chanty• obhctl¥M Io •n8ur• fuTrJ8 •ro avaiiabfe for gran1$10 b• mgd• to •iigibl• 0f9afbh8at￿rtl. tt 18 •n￿l89•d thal ILmdlty r•qulfom¢nl• wlll r•maln lh• sp4n•. Th• Trus10•s do ngt envlsag• any ffl•tefial cMng• to lh• OP•f•dM ol tho Chwity in th• Iolig" lgrffl and the irtrv•alm¢nts WIN continue to be mana9ed on a slmllar basis as ihey are now. Sir th• y•ar •rrfl th• TnJ8té•s hav• d•cth to 8011 th• C,%inty'8 invéalmonl p10F￿rtth. "aL"fj MATTtrIEW OAKESHCirr Dal

COLT87APL8 7RU8T Pag• S TRUSTEES, REspoNsifiiLrnES IN RELATI¢XI TO ThE FINANCIAL STATEMENTS Tho Tru8toe$ •f• r••ponslbbe lor proparkng tho Trustao8' Rwrt and the ilnartial statèments in accordanc• wrth ApplrAbla law and United lfjrodom A¢counb'ffj Sta￿lard {U￿ted Klngdom GfffaHy I￿8[￿•d Accounttng Pratho>. Th• I•w aWic8ble to chantles In England W•1•4 roqulres th• TfU•t••• to pr•par• fknanc4•1 st8tem6nts lof reach finafKial y•&r whlth glvo a tru• and falr ol Ihe fjlaie ol 8ff8irn of the arity and of Iho Incomln9 resour￿ and applicalion CAI wourcos of th• ¢harSty lor thal por￿d. In preparlng Ihe8e financi81 slatomeiils. lh¢ Trusto•s are requirad lo., l•¢t 8uttabf• acMunllrKJ rrf)hciu and thon apply tMffl rA)rKj8ter: ob8•rve lh• m•tlK)ds and pnn¢i(40¥ in tho Chariliei SORP. fflak• Ndgwwnts and •bmat•s thai are rea8on•bl• aThd prud•nt. •tate w￿thor P￿￿4b1• acc(￿ntIr￿j st•ndanl8 h•v• idknyad. subiecl to any 0•pa￿Jro$ dlschxod and •XPl8h•d in lh• finandd stat￿onI•,. IX•P•f• lh• flnwK•l st8t6m•nts on th• go￿9 ¢¢￿¢•M bail8 unle88 il i• in•pproprWt• to prMum• that tho Gharly will ￿n￿nU In op•r•b￿. Th• Truslms 4f• r•Spo￿lts1• for k•eping prowjr •ccounling r•(th ih•t di￿k￿l• Wbth reasonabl• accurw at any lime Ihe flftants•l posib'on of Ihe chanty and en8ble th6fft to •n$uf• that the financ￿1 81At•m&niJ comply wlth the Chariti•s Ad 2011. lh• Ch8rity (Accwnts and Raports) R•gulallon6 2016 and ihe Pfovl8iOM ol th• Irusl deed. They are asso responsibla lof 8•foguardiry th• u4•1• of the chadty and hanco for ta￿￿9 r•a•on24bl• st•gs th• pr•venll •nO (1ot•¢lKJn cl I￿￿1 •nd oth•r lry•gulafiti&•. Th• Tr￿t•￿ ar• rnsponiibh lor tho malnt•nanc• arNI Integrtty ￿ ih• finondgl nformati¢)n indud•d on the charlty's webslto. LogislatK)n is the Unilod Klngdom 9overnirvJ the preparaknon •nd dw¢min•llon ol financlal 8tatomen14 may drfl¢r trom Iy'sl&li¢)n In ollwr Junsd¢tko￿.

REPORT OF ThE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE COLTSTAPLE TRUST Pago 6 Oplnlon We have wdllod f￿￿da1 stslements of The Coltslaple Tfu8t (the 'chanty') lor the year ended 31 Marc 2025 which ¢￿￿lse Sl8tsment of Financial Aclivil3. the Balance Sheet. Ihe Cash Flow Stalement and notes to the fift￿cIal $18lemenls, indudwvJ ggThfi¢ant actounbng poli¢ie$. The financial reporting framework that has tEen apphed in tsir p￿par￿￿n Is apphcable law ar￿ Unlted Kngdorn Acwjnbng Standards, inclLding Financial Reimybng StgrMJ81d 102 The Finanrial Re￿thn9 Standard applk8ble In the UK and Republic ol lrnland (Ur¥ted IGngdom G&y￿atry AcCe￿ed AC0￿n￿￿9 Prxltt) In our opTrniw Iho finan(?al stslernents.. a tru• and far VI￿ of the slak of Ilye chgrty'3 as at 31. IAwch 2025, of Its year ended. Pracbce: 3rKI 8als lor oplnlon We fJXMJuctthY accofdance th Intérnal￿￿ StarKlards on Au&lmo (UK) {ISA8 (UK)) and applrAble law. Ouf ￿spon￿bIll￿es under those stanoards •re furthef de6Cf Ibed in the audrtor swnsibilit￿$ the audit of lh8 financial statemanls 6ectM)n ol our rèport. We 80 iThJepend•nt of the Larity in accordance with Ihe elhKal requireffnts Iliat are relevanl to ¢Lff audrt of the financjal Stalaff￿ts in kne UK. IncludirwJ the FRC'$ Elhlcal Sl8nd8rd, and we have fulfimed o other 8th&11 res￿n￿￿￿tieS In accordan(x wrth these reouireiwils We t￿lIeVe that the audit deiKe we havo 1$ Suff￿￿nI and 8pproprwl• Io WDvide a bam for our opiThon. Con¢lu•loni r•latlng to golng con¢•rn In ¥udrting the finaroal statements. we have ¢onGluded that the trusle¢s' uge ol th¢ g￿n9 baJ of In the preparatk￿ ol lh• finar￿￿1 st•temeftts is 8￿raPnate Ba￿d ￿ the Wlxk we have pthlomed, we have I￿1 •JentrffftJ any mat•fwI unc￿84)bU relating to e￿Thts or ca)nditions th4L inthvidually or colleclNety. rnay cast 8ignthcanl 0￿bI on Ihe ¢hanty's aty￿ty lo conbnuo as a going ojncem k>r a ￿rth(￿ of at loast AMlve month• from when th• fi￿ar￿1 Our re8ponthilities and the reswnwknlrtles ol the truSte8s with respect to going emm We descnbed In the feknnt secbons of thls report. Oth•r Inlorm•llon Tho olher comprises the mlmxatson fftduoed in the truslees. annu81 repyt. olher than the fin8rtCi81 st81emenls our audltor g report Ihereon. The trustees are ￿5￿)rts￿le for lh8 othef 1nfrXmat￿n. Ouf Winion on the financlal stalements does not COv•r the othei In1(￿￿tiOn and ￿ do nol exprèss any form ol 8SSLlfance conclosion thererKt. Ouf respM••bilty is io read ts other ￿10M￿￿On and. in domg so. consider vthether Ihe other inf0rnali￿ ￿ M￿enallY In(x)ns￿lent wrth the I￿￿Cial statements Qf Our krx)wknJg• obtained In the cour•• of the audrt or otherwise apoe8rs io be motsnglly misslaled. 11 w• ￿ents'fy such ma1ofial Incon￿StancXS ¢1 apparent material misstaternents, w• a￿ reouired to dolefmine whelher tfvs gwves nse lo a malerial misstatement in the financ4al stalements thwn9e￿es. If, b8$ed on the Work we hav8 performed. we conclude thal there ￿ a material misststement ol th￿ other ￿fOrMalI0n. we are re(VJi￿d lo report Ih&l fad. We have to rewi in trK regard.

REPORT OF THE WDepENDeNT AUDITOR8 TO THE TRUSTEES THE COLTSTAPLE TRUST Pa98 7 Mitt•r• on ihleh w• 4r• r•qulr•d to r•￿ by •XC•P¢lon Wo hawj nothin9 to r•port In r•wet d the ftAiowiNJ mattern In r•lat)n * ich th• Chirftios (ACC￿nts and R•p￿ts) R•9ulation8 2008 rtquirn ￿ to repwl io you 11. in ¢ur OPIn￿n. Inknnakn gven In the truo88' fO￿rtIs knc¥)n•knl kn any milornl rwp8ct I nual statem￿18,. cy finwx)al $18tenwts arn n¢￿ ift tyrewn￿l iih Ihe aC￿£￿￿[Wa r8t<ds,' lllll•• of Iru•t••• A8 eiplaineo more fulty In the tru$l•o8' f•sw¢$b#illes statw)￿l lot pffj• 5, ￿ trust•e• aro i•sw)nglble fof lh6 PfOP8rats)n of the financoal 8tgt8m•nts and for bemg sabsfied Ihal Ihey 9lv• tru• and lalr vi•w. and for such iTri6rn81 conlrol a• the trustees deterrnine18 nacessary to •rtabl• tho preparatiM ol financial 8talem•nts that w6 fw ftc¥n mal•nal misslal(Thinl. whoth•r due to fraud or wror. In pr•pthr4J the flnandal 8li•m•nli. tho IfUit•o• ar• r•spon•ibl• lor48••88N)g th• tharrtY• abilty lo contnug 8$ 8 9olng Goncgrn. dl¥ekn8ng, • app!t&blo, rnal1p￿ r•lal8d 1¢> going COnLYn AfKI g the going conLm balis ol accounbng unlesg tho trus1•￿ Oither ini•nd ID IlwkJat• t charlty ￿ to C￿10 operalions, Of have no r8alisli¢ Alhrnatrv• but lo do ￿. Audltor r••pon•lbllltI￿ l•x tha a41dN of th• fkn•nel•l •latsm•nl We have b66n appointed a6 auditor und•r 80Ction 1443 of the Charftl•s Act 2011 and r•port In •ccordarKe with Ihe Act and rolwanl rtyulatsons mad• or hthvlry Ih•r•under. Ou¢ obJeclivo$ 4T• to oblAln r•a8onablo a8suranc• al)out wh•th•f th• fin•ndal 8iat•m•nt8 as whol• aro Iro0 from matérial m4Mtal8m8nl, wtt•thw du• to fraud or •rfor. ar￿ kj issu8 an 8udllof' r•port thal Indud•i OLK opinion. Reawnablo a8suranc• l& a h&h l•v•l of •uranc6, but 1¢ not gu•rantee that an audil conductod In ￿cordan¢? ￿th ISAI (UK) will alwo'.18 (le1￿1 a m8terlal rnIsBts16m¢nt thfi8n 11 •xi8ts. Mi88t4lornenl8 c4n arffj• from traud or wror arKJ 8r• coMld•r m•lonal rf. IndlvNJually or in the 8QJfegato. thoy ¢ould r8awn•bly bo axpe(:l•d lo Infiu•rK• th• •cAiiittn)iC ¢J•d•ion• of u8w8 tak•n on the bwl$ of tr￿se lInan￿￿ Statom￿￿. Irre9lrtarths, Incjuding fr•ud, are Inst￿¢01 of non￿￿MplI8n¢a wlkn law• rngul8Uon•. W• d•8wn woc8dur08 In line with wr respon￿billI181. outllned atKJV8, lo detéd m8tarial ml88tatements In r•&p8ct ol Irregularities. incluthn9 fraud. The extent lo whKlI rjui wc¢odur•g ar• c•pabb of dgtscl￿g Irf•gu14ritso8. Indudlng fraud 18 do￿110¢ below., W• oblalnad an undernthndln9 of tho logai and rngulatory Iramework 8pphc8blo to the chadty vla wilh the trustees and our prey1￿$ knowlbdgé ol the cmnty. T￿1$ id•ntffl•d Ihal tr most lignfflcanl laws 8r¥J rogulatM)n8 relale lo the form and cont•nt oi finanual ilal•m•nts such a¥ th• chariti￿ Acl 2011. Ihe Ch&rttJe8 SORP IFRS 102) arml FifW)csal R•porlng Standard 102. Tha tharity cornpl8 ¥ilh th•st low8 and rogulatsoTrs by u6irYJ approwiat•ly qualifi profowmah to pr•pgro th¢ ftn8nol Slatomonts. A• part of our Plannln9 woc4ss, we aMe8sed 8UKOPtibi1￿Y of t￿ charity• financial 8talam•nls lo malwial mlutèt8rMnts, incbjdlno how fraud m¥ht OCCUf by making an ass068ryWnt of th• key rAks The key rksks Kl•nknlied In fe8pecl of Th8 coll8￿PIe TfuJI are revèn￿ fèccJnition and ¢l$itrlity of tharit8ble giving. Th• eonfifm8d ho a¢￿al, suspoct•d. Or aM•g•d ¢0•08 01 fraud.

REPORT OF THE INDEPENDEIIT AUDITORS TO THE TrUSTEes OF THE COLTSTAPLE TRUST P•9¢ 8 88s•d on this 48s•ssrnent wè designed our audit Pro￿dUr•8 to address Ihese key fisk 8r•as with an 8rnPhaws M t•8tThJ tho Income and oains on th6 Invetm•nts. Iho Inccwn? on invo8lmoftl pro￿rtY and the chartablo donatsons made. B•cause ol lh• knh•r•nl limrtatk>n8 of an aLtrJIt, trr• b a rlsk Ihal we will rn)t detect all Irr•gtslwFth•A. lftdudln9 those beadSry to 8 mal•ri•l rnissl8l•m8nt in Ihe finonclal s13lomenls or ncTr¢ompllance regulatLn. This rksk In¢f•as•8 th• mor• thal coThylwicfj with a law or regulal4on i• removod Irc¥n the •v•nts arKI transactioni ref￿£tod In the financw?I slatgmgnts, as wa will b8 less hkoly to tcomo aware of in$lance$ of non-complianca. The risk 1$ also greater re9aryjlr￿j irr•gu1anl￿ oecurrtng du• io tra￿ ratrior ihen error. as lrnud involve8 Sfttentlonal conc•alm•nt. ftypgry, coHu$ on, omiuion or mi6repr•sontalicffi. A lurthof d•Ktlptson of our r•8wislblllts18 •V8llabia on lh• FRC'8 w•bie •t'. olic nd-e ill.Thls de¥cfiPtion fom)• part of our aixlknrf• r•wt. nsib:Iities-f he. UM of our r•port Thts rnport il rnad• 8dey lo Iho charily's trust•08, as a btrjy, in aC¢￿thn￿ with Part 4 of th• Char4tsè1 (Aecounts and Reports) Regulallons 2008, (￿r audlt work h•$ bts•n undgrtakon 80 thal we mbghl stsie to thè ch&rlty's Iruslees th0￿ m8tlers we aro required Io slate to them in an audrtorfa f•POrt for no olher purpos•. To Ihe fullest extonl P6fmitt•d by lèw, wè do rbot aceapt or aMum8 resp￿81b.1lty In any(1￿ olh6f than th8 chorlty •Trd Ihg tharity's trus1•￿ 88 body. lor our 8￿j11 work, fty this re[￿rt, or lor the cplnions wè have lormod. Shaw &'bb• l￿drt) Lthll•d Charterod Cortifiod AccwntAnls Statulory Audilor Elyibt• to an auditor in tsmis of 6•Ctton 1212 01 the Comp￿11 A¢t 2￿)8 25 St Thomas Str••t Wlncheslor Hampahlre S023 9HJ

ThE CIXTSTAPLE TRUST STATEMENT OF F4ANCIAL ACTMTIÉ8 For lh• y•ar 31￿ March 2025 Nckn Unrn8lrtcted Erthmwt Fund FurKI 2024 Tclal Fu￿9 Totsl Funds INCO•￿ AND EMI)trWMEIITS FROM Inv•slm•nts Cxher Incomo 949.191 2.ClJ9 949.191 977,119 r¢)t•l EXPEP4fXTURE ON Tol•l g75 87 Itsl I￿oM• 148.914) (48.914) 3.782 Il•t 9th11(lo•M8) on Inv••tffl•ni• 14 486.191 486,191 <1,433,167) N•1 mov•w•nt In lund• (48,914) 486,191 437.277 (1.429,385) AECONCIUATIO•I OF FUPIDS Total ￿nd fcThard 1122 S07 12771 1 13 893886 15 323 071 Totsl fvnd• cwrf•d fèrwwd £ 10735 13 57 £ 14330963 £ 138936

THE COLTSTAPLE TRUST Pa9• 10 BALANCE SHEET AT 31ST IAARCH 2023 2025 2024 FIXED ASSETS 14.262.980 13.(K11fi70 CURREIIT ASSET8 Cash al b8nk Cash •1 1nve8tm￿t mana9ors 10 11 12 14.845 53,138 112,388 778.484 6948 CURRÉNT UA81UnE8 Cr•dilOrn'. Amounts lalling d within ono 13 NET CURRENT ASSErs NET ASSETS £ 14 330 963 £ 13 893 886 THE FUNDS OF THE CHARITY CAPITAL FUNDS End¢xTh￿l FurKI8 14 13,257.370 12,771.179 INCOIIE FUND8 Unr85tricAod Fund 14 1073 593 £ 14 330 963 13 893 688 ￿l￿dI[SwOrn•￿I8 w•r• ap$Th￿l ty Bofjrd ol TnJ8l••• on and 8￿ed ￿ Its behalf by MAThHEW CA4KEsHort PROF PIPPA OAKES140rr rihi paw 1210 16 lormwt olih•8• An•xl

THE COLTSTAPLÉ TRUST Page 11 CASH FLOW STATEMENT Fly tho yoer ￿ded 31 It March 202S 2025 2024 Cash g•n•rat•d Irorn op•rntlng xtMII••: N•1 cath Pfovldwj by {usod in) ¢yrakns 15 t￿￿nds, irt•rnsl and ren1• trom Inv••trn•nt8 d• frryn 8a1• irf inwtrn•n18 951,2 2,083.594 979.069 4 018.464 AppllC￿n ol ¢••h: Pufchau d In￿•￿￿6n1% 2858713 3 695 48e N•1 I￿r••￿1(d•C¥•a9•j In 1822.869) .970 Ca•h at ￿nk at b•glnnlng (rf lh• y•ar 585 Ca•h at ￿n￿ at y••r •nO

THE COLTSTAPLE TRUST NOTES TO THE ACCOUNTS PJo 12 1. 8t•tutory Inform￿lOn Th• Colt6t8ple Trust i• 8 rtyisterod ch8rrfy. Tr regl•red number and Mncipal office addre88 (An h fwnd in th• Report ol lh• TnAts•s. Ac¢ountln9 Poll¢l•• Accountlftg ¢ofiv•nllon Tho finan(#818talgrThents of Iho charty, wNch h 4 wblic benefit •ntrty, ha¥• bo•n propar•d accordan￿ wlth the Statem•nt ol R¢¢ommend6d Pra¢th'c8.' Ac¢ountin9 and R¢po¢¥Tr3 by Chariilos Pf•paring their Kcounls in a￿OrdIne4> thè FlnaTrcl81 Rowrting Slandard applicabla in the UK and Republic of Ireland IFRS 102) issuèd in October 2019 and thg Financial Roportlng Stsndafd applicabla In the LIK and RopubS¢ ol Irgland (FRS102) and the Charilbos Act 2011 and UK Gonerally Acc•wed Accounting PrectrA a$ 1¢ ap￿186 frofft 1 January 2019. The financlal staternents hava been Pf•par•d urxaer tho hwtorical cost con¥niion. The financial 8talements havo been propar•d to give a 'tru8 and faif vlaw arml hav• d•part•d from the CharTts•s {Accounts and Reports) Regulations 20D8 to èxl•nl r•quirod to provrfl& A 'truo and fail This d•partur• has Involv•d follcN4ing Accounting and R•pthn9 by Charit188 WeP8dn9 their ac￿untI in eKcordanc• with th• FinancLal R•porting Standard 8pplicabl8 In lh¢ UK and Republic of Ireland {FRS102) issu•d in Oclobor 2019 rnthe.. than Ihe Accountity.and Rèporting by Charilles: Sta16m8nl of R•cofflmer￿•d PfaclKe •ff•clive fr(xr l Aprll 2005 which has lin￿ bo•n withdr•wft. The Tru￿•1 cons¥d•r Ihot th•r• ar• no M￿Ortal urwtainlia6 atjoul tho ChariW$ ability to conllnuo as a 90ing ￿n(￿rn. Incom• Incom8 is recognl8•d in th• stai•m￿t 10 FinarKial A(aivth On￿ Ihe cl• hos •nlill•ment to the lurnY, It w prob4bl• Ih•l tho InGom• will bè i•C•N•d afftounl m8asured T•lobty, Exp•ndlturn Expenditure 16 rocognised a8 8LKJft a$ Ihero is a 81 or corffjtruG4h• ob1[g•t￿ committirg tho ch•rlty lo that expendibjre, il i• probablo that a tr8n8fer ol •conoml¢ b6nefil8 will be requir0d In setUom•nt and th& •mouni ol lh6 obltybm can bo measurthj feli•bly. Exp8nditur• is a￿Unted f¢[ M an ac£rualJ bas￿, inclusryo of any VAT whKh cannot be recovered. Expendllura on Charita￿ al￿VItI08 Ir￿u￿OI all c<)sts incurfod in deliv¢ring lh¢ charity'$ prinuyi obi•ctsv•s Inv••trn•nl• and thv••tm•nt Oaln• and Lo•Ms Sto¢k8 and 8haros Quolgd ￿ the London Stock Exchange are Ind￿tAl in tm b•lanc• •h••t at ihelr mafkel Val￿ al Its yaaf oThd. Tho diff•rnc•s b•tW•Oi th& mafk•t value 8nd tho or¥Jinal rxJ81 of Iho fftv8stm•rts aro In¢l￿ed In lh• Slatoment of Fln•ncial Acbvitits. Profits and108tes aristty on th¢ d￿PoSI1 of Investrnonts aro Ind￿J•d In th• Siatoment ol Finaneial Ac*l¥th. (C¢nbnu•d)

THE COLT8TAPLE TRU8T NOTES TO THE AceouNfd (Contlnu•d) Page 13 T•xallDn The c￿nty 1$ 8x8mpt irorn Corpx81ion Tax on its charitsb￿ KtNiti88. 2A Fund ￿6￿UntIng Unrestr￿#￿ fufkl8 can b• used In accordance w#h Iho th8nlabl• ¢ty'•¢lEveG al Ihe disGrnilon of lh• TnJ8to•8, EIKI￿•Mon¢ funds are experthble. The Trust D•od allo￿ th• tund lo b• spent as irtome or retsinod ￿ eapitsl al the Tru•l808' diwellon. The I￿orne ariiing frcffi thi8 fund ia unrestn'cled. Slgnllk•nl Jud9•rn•nt •hd e•llm•llon Estimates and Judgenvmts are continually ovaluAtèd and ar• based on hl8torfcal 0xp￿.8nC• Vdnd Other factors. lftdudin9 •XPéCt8bon# of lutufe •v•nls ttyal arè beI￿v￿d tr) be f•asonable under tha CifcumAIAh¢e8. E8bmate8 ana und•dyity 884umptbn• ar• reyl•w•d on an 011goin9 bAsI•. J. hw••tm•nl In¢orn• Y••r •nd•d 31.3.25 Y•ar •fiO•d 31a.24 In¢

ThE COLT8TAPLE TRUST Pw14 NOTE8 TO THE ACC¢JINT8 IContlnu•d> 6. DlrKt ¢￿t0 of Chartlabl• Acllvlll•s Yur •nd•d 31.3.25 Y•af •nd•d 31.3.24 Gr•nts m•d•: Oxfum St EmrrwJ8 UK shdtef Christs'an A•J Ats￿ and lQc>Jr 11XI.OC 75.oc 175.IXK) 125.Cl)O 175.CKKI 25.lYY) £1.CQO.O £975,IXIO 7. Support Co•ts Y••r •nd•d 31.3.25 Y•ar •nd•d 31.3.24 Man•9•m•nl: Bank charges and rM)ff#f•MI f•8s 204 287 £204 £287 The surn ol £ 4.260 has been paid by L￿d Oakwhott on b•half ol IM Truslees in r•¥>•ct ol the audit for 2025. (2024. £4.080). 8. 8tsff Co•ts and Tru•t•••' R•rnun•ratlon The TnAtees reuNed no remuneraticm CK oimburnod ￿en8￿ In the years ended 31 Marth 2025 or 31 Marr&i 2024. Thern empknyoes so COfilLnty no Stsff costs have been Iric¢Jrr•d. •. Flx•d AM•t Inv••kn•nlS 2025 2024 F valL at i. Awil 2024 Additions Drnpo88h 8t ¢arryffjg viJe Rewaluatson• in the year 13.1x11,670 2,858,713 {2.070.859) 473.45e 12.845.815 3.695.486 (1.844.997) (1.694.634) F•'r valuo al 31" March 2025 £14.262.980 £13.CK11,670 YaK￿9 8131" March 2025 •f• In PJxordan¢é wllh a vakAbon by Rathbon8 Brothws hi>tonc•l twk CO￿ of trNestsnthits held al 31. Mafth 2025 £17.867.451. (ContKiued...)

The COLTSTAPLE TRUST Page15 NOTES TO THE ACCOUNTS IConunu•d) 2025 2024 10. Cmh •t B•nk W(￿kMan LLP landeknbaftken occount 2,418 109.950 14,845 £14.845 £112.308 11. Cmh at Inv••lm•nt Ilanagern Monle8 by Investrrwit Man8g•r on dekx)M: £53.138 £778.484 12. D•blor• lnsurnfi￿ paid in advance VAT rwrnent ¢hJ• 6,782 1.184 £6,946 13. Cr•dltorn: Amount• Falllng wlthln On• Ymr In)uran￿ tr¢xn in &dvan( 5.782 £5.782 14. Fund• Unr••lrlct•d Fund Endowm•nt Fund Total Fund• Balance at 1. Aprll 2024 SufPlu&'Dse at th• thgcretp crf th• T￿￿1￿8. The e￿nd&blO •ndtrrni and addib'ofts tttef•lo are to be invested and lh¢ ir<ome wed )f tharrtable pwpeoe •1 the d￿¢Tell0Th of tm Trustses. The expandable •ndofftnt may also be 3p•nt at tm abso￿le ol the TrwtO•8. (Coftknrwed...)

THE COLT8TAPLE TRUST NOTES TO THE ACCOUNTS (Contlnu•d) Pa90 16 15. R•conolll•tlon of n•t In¢omrf•Jtp•ndttur•) lo n•t flow fn>m Op•rntkn9 Actlvltl•• 202S 2024 N•t INCOM￿(0xpendltUT1) (u ptr Stat•m•nl of FlnarKlal Actl¥rt8) <48.914) 3.782 Ad)u91monts for. Di¥￿ends, snt•r•51, rent from Invotm8nt (Inu?aseydecrease in debtw$ IneAoa8tsl(d￿Oase) in credllors <951,2￿) 6.946 (5.782) (979.069) (3,218) (16,572) N•1 c•8h prow'd•d byl(u8•d in) Operating Actiwtrés £{999,040) £(995,077) 11. Contln9•nt Uabllltl•• There were Th) Oul•l•ndlng ontlngont uabiliti08 or 9f•rtl ￿mrn￿m•nts as at lh• balan 8h8et dat•.