2024-12-31-accounts

Company registration number: 04344486 Charity registration number: 1090579 The Chaseley Trust (A company limit¢d by guarantee) Annual Report and Audit¢d Financial Statements for th¢ Year Ended 31 December 2024 Mannin8tons 39 High Street ' Battle East Sussex TN33 OEE IlllllMLI *AEC7D9HK• 301091202S COMPANIES HOUSE

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The Chaseley Trust Contents Reference and Administrative Details Trustces, Report 2to 14 tndependent Auditors, Report 1Sto 17 Sratemenl of Financial Activities 1810 19 Balance Sheet 20 Siatemenl of Cash Flows 21 Notes to the Financial Ststcments 22to37

The Chaseley Trust Reference and Admlnistrative Detalls Chair Janet Floyd Trustees Clive Garner Ang￿ Langford Jackie Travis Lesley Miles Janet Floyd Senior Management l Leadership Gill Davies. CEO Team Aody Burt, Registered Manager Daniella DDD, Deputy Manager James Bugler, Finance co￿rdInal0r Charity Rcgistration Number 1090579 Cump¥Dy Regi5tr%tivn Numb¢r 04344486 Regl$t¢red Office The Chaselcy Trust Souih Cliff Ea51bourne East Sussex BN20 7JH Audltor Manningtons 39 Hi8h Str¢el Battle East Sussex TN33 OEE Solicitors: l-Teringlons 37-39 Gildredge Road Eastboume East Sussex BN214RX Bankers HSBC 94 Tenwnus Rood Eastboume East Suss¢x BN213FD Pag¢ I

The Chaseley Trust Trustees, Report The Trustees presenl iheir annual report together with the audited fmancial staletnents of the Company for the year l janu}￿ 2024 to 31 December 2024. The Annual Report serves tbe purposes of both a Trusiees, Report and a Directors, Report under Company law. The Trustees confirni that the Annual Report and fiuaneial statemenL8 of the Charitable Company comply wirh the curreni statutory requirements, the requirements of the Chariiable Company's governing do¢um¢nt and the provisions of the Siatemenl of Recommended Practice (SORP) applicable to charities preparing their accounts. In accordance with the Financial Reporting StsDd¥d applicable in the UK and Republic of Ireland (FRS102) (effective l January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strate8ic Report and Directors, Report) Regulations 2013 has been omitted. Trustees OD 18th December 2024 our Chair. Professor Gill Davies, after serving as ffiisree $inLe 2(Tr18 aod as CbaiT since 2021, retired due to ill health. The Trustees and management w"-ish to record their appreciation for the dedication and seryice she gave to The Chaseley Trust. During Ihe year. rwo new trustees joined Ihe Board of Trustees. Jackie Travis on 19 January 2024 and Jan Floyd on Isc May 2024. ObJcctlves and actlvltlcs The Chaseley Trust IS 8 regist¢r¢d Care Hom¢ Charity re￿lated by The Charity Commission and the Care Quality Commission (CQC). li is a specialist Care Home for those with complex neurological conditions. Founded in 1946, Dr Ludwig Guttmann was il's first medical consultant. Dr Guttmann was a leading authority on the trealrnent (Ind rehabilitdlioD of paraplegics, and wcnl on to esrablish Ibe Nalionlil Splnal Unit al Stokc Maodeville aud the Pardlympi¢s. Sin¢¢ 1946, Cbaseley has evolved from belug a home for injured ex servicemen, widening Its criieria for admission to include people with seveTe neurological dit'ticullies. The need for nursing caTe has expanded but what has not changed is the spirit and eihos of Chaseley, grounded in Dr Gultmann's Icgacy. Chaselcy is amoiig the few carc homes in Ihe county providing specialist provision for the llewo4isabled. Chaseley provides care, iTeaiTnenl, rebabilitation and therapeutic support not ODly to those living in Easi Sussex. but lo R¢sidents coming from rnany other parts of the country who can benefit from ils highly specialist expertlse. Typically, the Residents have 5ignifiLant disabilities because of Acquired and Traumalic BraiD injury. Spinal Cord InjL￿, and neuTological th'seases such as Multiple Sclerosis aad Motor Neuron Disease. Tbe Home 1$ rcgistercd to admit adults over the #ge of18. Care packages arc developed to iheet various Dceds. Below are examples of the range of packages currently being delivered. They are commisgioned either by Health and Social Care Departmen15 or by private individuals and Iheir families. Slow-slream rehabilitation for adulis over 18 with complex neurological conditions (including acquired and traumatic brain injury, and spinal injury) • Longer lerni care for people over 18 with similar conditions Longer tern] care for people over 65 wiib complex physical healthcare needs Treatment for those over 18 years of age who have a oeurological Conditio￿ provided that needs can be eff￿lIvelY met. Page 2

The Chaseley Trust Trustees, Report Chasel¢y also provides therapeuti¢ r¢sour¢es to the local and healthcare community in the NHS in.. • NHS commissioned physiDiherapy service for postural assessments • Wheelchair a5ses$ment and maintenance • An acc¢ssible gym for residents from the local communiry The Residents benefit from a unique dedicated Well-Being and Activities department, which organises a diverse rang¢ of programmes aimed al enhancing enjoyment and emotional wcll-bcing. Thcse offcrings includc wheelchair-accessible games, art classes. cookery sessions. crafts, a reading group. gardening activitics. ¢rosswords, group singing, regular film screenings, yoga. massages, animal_assisteil visits, outings into the community and iTlPS to Day Centres. Additionally. musicians and singeTS trequenrly visit 10 provide entertainment. In SpTing 2024, for the third consecutive year. duck eggs were broughi in so ihat Residents could observe their halcbing and development. This yearfs calendar has aiso featured comedy evenings with professional Lomedians, quiz tLi8hts lor both residents and guests, and visits from a pony and other emotional support animals. Maoy aL'livilies lake pluLe in two S￿L.1￿U￿ social ruoms. LTrne of wbiLh fealures a bar serving L'offee, beverJ¥es, and snacks. R¢sideDls also have access lo a dedicated Art Room, fully equippcd with maleria15 for painting and drawing as well as a Th¢rapy kn'lchen, supporting Residenls in preparing their own meals 10 enjoy in small groups. Th¢ Activilics programm¢ is furthcr supported by volunteers who generously contribute their time. Chaseley itself is situated within landscaped gTounds featuring a terrace and gardens wiib sea vicivs, offcring an exc¢ptional setting highly valued by Residents and iheir families. Athievements and performance eview ol'activ'tie and challon Stofflng shortages Staffing is alway5 a challenge to care homes nationwide. As a result, Chaseley has been actively r¢¢ruitin8, raising Iheir remuneralion rates and employment offering Iraining, progression and developmeni togeiher with employee benefit1> lo combat this. Our r¥siden15 Jepend on our t+taff the besl service we can Ltivc them it> to reduLe agency alld provide a core cohort of stsff that really know aud Lare about our regidenls, ￿)d are happy in their work, feeling valued and part of the Chas¢ley frdtnily. Training 15 mandatory and constant attention paid to creating an ethos promoting the lll'ghest standard5. Our Registered Manager offers monrfdy drop-in sessions for any mcEnbcr of staff wbo have conccins or ivorri¢s and we acfively c￿COUrage our staff lo voice ideas and suggestions on how we can improve funher. Our current employee beDef)ts include Life Cover, Pension Scheme, Healih Care Plan, Training & Development, W¢llbeing Support, a Refer A Friend Scheme and subsidized staff me8ls. We also provide a comprehensive induction and trainiDg programm¢. with fvrther opportunities to obtain indu5ty qualifications. Page 3

The Chaseley Trust Trustees, Report Chaseley previously took 8dvhntage ot the new Working Visa system wbereby slaff - particularly nurses - could enter the UK to work in Care Flomes. These nurses were found lo be dedicated and hardworking, but mu¢h emphasis was puc on training to ensure their practices were in line with UK requirements and standard5. Unfortunately, in early 2024, Ihe previous Government decided 10 change the Visa pro¢ess. declining entry lo those who wished to bring family rnembers with them and increasing the salary threshold for Skilled WorkeT Visas while maintaining a lower thresbold for nurses paid OD national pay scales. Thi's has impacted the UKS ability to reLnJit international Iiurses to fill workforce shortages dnd hds Wldoubtedly infiuenLed numbers choosing to come to the UK to enter the care sector. To address these challenges, we are investing Sjrtber in our existing staff by increasing wages and employment benefits, and enhancing training provision lo support retention and recruitrnenl. These measures have proven effective,. as of 2025, our nursing staffing requirements have been mel and we conlinue lo seek opportunitie5 lo enhanG¢ our position as an employer of Choice. Our workforce remains our most valuable asset ITJ delivering exceptional care to our residents. All staff have access to an application that provides detailed informalioTh about slu'fts, timetables and available opportunitie8, enabling them lo pick up extra shifts or request holiday5 as d¢sir¢d. Sickne55 leve15 are closely monitored and actively reduced, with welfare meeting5 held to ensure management offers appropriate support. Managemenr personnel rtmain on call 24 hours a day. Each shift incorporates a diverse MIK of work experience and skills among staff, allowing less experienced members lo learn from those with greater exp¢rlise: this approa¢h includes a 'buddy' sy5rem. Continuous supervision and appraisal of stsff is maintained. Agency workers are engaged only in cases of unexpected short staffing and O￿lY through reputable agcncic5 Wlth whom ¢slablishcd relationships ¢xist. The overall staff turnover for 2024 was 30 %, representing a drop of 5 % on 2023. Managcm¢nt have don¢ w¢ll in having achieved that with a further reduction of staff ttLrnover as al Ihe dale of this report to 250/0. This is in line wilh reports for 2024 from Care England and 'Skills for Care,. organisaiions that gather data for the care sector. Nursing in Chaseley 1$ tar more demanding than elsewhere because the Residents have highly complex needs. The main issues are that care work is demanding and requires sensitiviry. compassion and high levels of responsibility but typically pays only 51igbtly above minimum wage due lo the high costs and limited reveiiue based on bed numbers. These issues arc primarily beyond Cba5eley's control, stemming from broader stNctural and cultural factors. Increasing government funding and proactive planning are urgently needed as the population ages an(Uor needs specialisi care. Minimum wage incrtases push all pay rales up, bul without corresponding rises in care fees from Iochl hut￿oritIeS, available incomc is further squeezed due to restricted bcd revenLie and care homes face even lighter budgets. Al Chaseley our starling pay is slightly above mitLimum wage and we have a ivdge Slruciure that recognises achicvcmenl, experience and Iraining. Overall, in 2024 Chaseley pay rises were variable as we reviewed and raised our nursing pay rales. We then raised all otber staff pay rates in line with the minimum wage increase, tapering it upwaTds Teflectively. Income and costs During 2024 occupancy averaged 53.39 beds, or 97 per cent of 55 re8lStered beds occupied, providing essential regular income for maintaining the Charity's operational a¢livilies. Total incorne increased by £525k year on year (8.70/¢) to £6,569k with nursing and care revenue increasing by £487k (80/0) and Grants decreasing by £16k. Total expenditure increased by £l13k lo £6,193k. Page 4

The Chaseley Trust Trustees, Report The overall sutplus for the year WPIS £376k, compared lo a £36k defi¢it in 2023. Further details are given in the Financial Review section below. ID 2024. initiatives focused on aligning care costs with the increasing complexity of residents, needs, while mauagement priorilised achieving optimal value from suppliers. The managemellt team undertook a comprebeDsive revieiv of various suppliers and service providers, systematically evaluating contracts lo identify potential cost savings without compromising quality, efficiency, or service standards. Recognisitjg tbat cost reduction opporbjnitics for carc homc5 arc inhcrcnily limi￿d, negotiations with utility providcrs rcsulicd in a subslanlial reduciion and refund, which is anticipaled to yield ongoing financial advaniages. Due 10 a narionwidc shortage of care workers. Ihere has been sovne dependence on agency stsff, leading lo higher cosis compared lo pennanently employed personnel. Etforts are ongoing to reduce agency reliance Ihrough ihe expansion of the pcnnancnl Staff team. The Care Quality Commission (CQC) Upon joining. tbe neiv Registered Home Manager, Andrew Burt, quickly recognised Ihe unique challenges of the Gar¢ hotne sector and proa¢liv¢ly engaged an ¢xperi¢n¢ed independent consultsDt ￿ lead a thorough, fu¢e-lo-faLe muck inspeLliun mirroriD¥ CQC proLe55es. This dill￿vertI prepÉirJlitsn rebulied in a delalled. ALliun Plan, ensuring strengths were leverased aDd improvements made before the official review. In O¢tober 2024, th¢ hom¢ proudly achi¢vcd & glowing oulcome-a cov¢l¢d GOOD rating across all fiv¢ CQC dom2il)s. Safe., 'Fff¢¢tiv¢', 'C8ring', 'Rc5ponsiv¢', and 'Wcll Led,. This rcinarkable a¢hi¢v¢m¢nl stands 8$ a testaTn¢nt lo the univavering dedication and le￿Work of our incredible staff, whose commitment to excellet)¢e has truly elevated the stsndard of resident care. Congratulations to ¢veryone who mad¢ this success possibl¢! Awards Chaseley consistently scored 9.8 or more out of 10 throughout the past 24 months on the Care Homes UK wcbsilc. Tn carly 2024, Chascley ivas choscn by ihc Mayor of Easibourne as one of Nyo Easibournc Chorilic$ lo be supported during her time in 0￿1¢¢ and lo be the centre of severnl events, culminating in the Mayors B411 in 2025. We are most grateful to her for ¢hoosing us for two years and raisillg awareness of us within Easlbourne and surrounding areas as well as th¢ incredible work sh¢ did raising fuDds for u5. Chaseley Trust has a long-slanding connection to the Amied Forces, dating to 1946 ivhen we opened to support injured servicemen. In 2024, we achieved Veteran Friendly Framework (VFF) a¢¢rediiarion. recogwsing our cornmikneni to velcrans, care. Tbe VFF-led by the Royal Britisb Legion. Royal Star & Garter and the NHS Veterans Covenanl Healibcare Ajliance-sets slandaTds lor care homes. including personalised care plans, Cov¢nJnl commilments and Ll¢ar sibmposling lo v¢l¢ran support. Chasel¢y musl presenL annuially lo relain accredilation and demonstrate the work we do with and for veterans. As parl of the pro¢¢ss, Ive made several preseatarions lo Royal Star & Garter, oullining our heritage and our leRm of Icn vclErAn volunlccrs ivho havc given thcir limc wcckly for thc past 18 months. Their pra¢tic#l 8UPPOrt h&s saved Chaseley Ihousands of pounds and includes minor building mainlen&nce, hanging and painiing garage doors- over l 00 hours of gardening; repairing a leaning window and a resident's room doors- clearing damaging weeds- making woodivork pieces for aciivities. running weekly karydoke. building planters.. donating materials and planls. repairing lh¢ fishpond and flagpol¢ (and supplying a new nag). running small fundrais¢rs.' and much rnore. The programme benefits both volunteers and residents. For rhe veterans, it restores camardderie, teamwork and a sense of purpose after service.. 'Working here gives me Ihe chance lo be with fellow vets and feel parl of a leam again., For residents, Ihe visils brin¥ companionship and conlinuity. Il's like havin¥ family around, dnd we look forward to seeing Ihem every week." Page 5

The Chaseley Trust Trustees, Report Chaseley's commitmenl also extends lo governance, M.'Aih a seal on the COBSEO Healih Committee lo help shape national veter&n$' care. Our 14R team is eligible lo apply for a Silver employer award, builth'n8 on ihe Bronze recognition received with VFF accreditalion; the Silver would acknowledge a¢live efforts lo encourage veteran applicants and to work with veteran associations to advertise roles. These measures confirm Chasel¢y's ongoing commitment to supporting those who served and deliver clear beoefils across the home. Key p¢rsonnel During Ihe year, two new Truslees joined ihe board. On 19th January 2024, Jackie TTavis who has been a senioT HR professional, guides and assisls our HR depatThienl when needed as well as actively supporting Chaseley ai all board meetings and interim assistance with Board adrninistration. On I st May ivitb 10 years of experienc¢ in Lare home financial managemcnt and dcvclopmcnl, Janet Floyd joined the team. At the ycar-cnd, our long-terni serving Chair and Trustee Gill retired from ihe Board due to ill health and sbe will be ￿try missed. Janet Floyd was voted in by the board to step in as Chair from 1st January 2025. Other new key personnel include ihe welcome additions of Head of Hli Sarah King. Fundraising, Marketing & New Business Manager Patricia Dark nd vur new FaLililies Manauer Lisu Gilleiie. all with exLellenl b4ickbiruund2i in Iheir field. FUL'US fur the new key personnel has been to upgrade ODd review slaffing, r21Stng Chaseley's pmfile, donalions.and social media and upgryading and mAintxining the facililies services and building - more on this further in the report. FlnanclAI revlew After mak•n8 appropriate enquiries, the Trustees have a reasonable expectation that they have adequate resources lo continue to opcrate for ihe foreseeable future and accordingly they ¢onlinue lo adopt a gOIng￿oncern basis in preparing Ihe Financial Statements. Funher details regardin8 the adoption of the 80in8 concern basis can be found in the Accounting Policies. b. Princi Staffing Sta￿1n8 has already been dealt with above but it cannot be overstresscd that, while it remains the case that Care Homes nationally ar¢ struggling to recruit and retain statr. this will remain an acute problem and is one that Chas¢ley continu¢s to improve, Fa¢¢d with a national shortage of care stsff, Chaseley recognized reducing pool of stsff resources as a risk and focused on ensuring thai sufficient staff were alwvays on duty. As a resuli. the Home has continued to fi￿ctiOn without risks to the Residents and 5taff/resident ratios remain witbin the parameters demanded by CQC. althoueh There has been 2 high cost 10 this as much usc has been made of agency staff. In early 2024, and in a determined artempt lo hold and Cul cosis, Andrew Burt negotiated discounied rares with some of ihe agencies used. He approached the ogen¢ies most Irusled by Chaseley and, therefore, most frequently ￿sed. The negoiialion5 were successful and presenled some advantages lo the agencies because Iheir slafT iveff familiar with Chaseley and needed less preparation before working there. For Chaseley, tb¢s¢ stsff n¢eded less instruction and indu¢lion on arrival. Page 6

The Chaseley Trust Trustees, Report For a premium we were able to recruit directly from Ibese agencies transterring tried and tested personnel from agency staff lo p¢m￿DentlY employed slftff on our payroll. Whilst this carri¢d a Cosi initially, Ihe benefil of bcing able to recruit exceptional staff OU￿tIgh¢d Ihe cost as Ihey were already quite familiar iviih the Residents. These discounted rates had a positive effrtl on Chaseley's finances in 2024. Further 10 this. we increased our recrnittnent drive and focused OD building our employment offer to attract rnoie staff who want lo develop their careers within the Chaseley family. In early 2024, th¢ Trustees and thc Rcgistercd Manager dccidcd lo address th¢ problern of staff shortages and rnover head on. They concluded that ihe most effective strategy for atrracling and keeping staff would be lo make training ils focus. Training would be improved, with a reducrion in the now common on-line Iraining used in many Care Homes, to be replaced with more face-lQ-tace training. An eTnphasis on training would have benefits for the nursing staff in particular, bui also Ihe care staff, who report 10 nurses. The aim is lo esthblish Chaseley as d Cenlre for Excellence in neurodisability care and a foLus for professionals who wish lo train and learn iti this sector. The Trustees r¢gard this as a strong means of attrdCtinB and keeping good staff. Fundlng Fundin¥ fur social care in 2024 inrreJ5ed by 70/0 however, wilh bLJffin¥ ¢obts and byeneral infialivn ex¢e£dinb' IOO/•. resources remain constrained in real lernis. The finan¢ial pr¢$sur¢s on care homes ar¢ set lo persist unless gov¢rnment5 lake actt.on to address funding for L￿&1 Authoriti¢s, who commission th¢ majority of care home placements. For instancc, Fast SLissex County Council raised lis fiinding for carc homes by 7¥0 in 2024 yel it has only uplifted fees for the curr¢nt yC8r (2025) by 41/ko. With the minimum wage for workers ovcr 21 rising by 6.70/0, managing stsff costs ¢ontinues to pos¢ significant chall¢ngcs. It is important to note that slaMlOry funding levels vary. For example. Social Services funding can fluctuate between O. loo/￿ and IIP/u, while NHS funding is struCtu￿d such rhat the largest uplifts are allocated lo the lowcsi fcc band8. Unfominarcly. this oftcn mcans Ihal our residenl$-wh05c cthr¢ fccs arc highcsl due 10 th¢ complexity of their disabilities-receive the smallest or no increases. Some individuals. whose weekly care costs mhy reaGh £2,000 and above, receive no uplift at all. Each year, Chas¢ley notifies Local Authorities of the funding increases required to adequately 8UPPOrt their TesideDlS' complex care needs. Howevcr, some authorilics, constrained by their own limiied resources, are L￿&ble to fully meet thcse costs. Whilst Chaseley op¢rat¢s as a ¢hariiy, there are limits lo the extenl we cao subsidise these deficits without impacting on our own financial sustainabiliry. Nonetheless, it is rare IOT US to di5contlDue support for residenls solvly for financial Teasons. Cosi considerntions arc central in discussions with commtssioncrs. which may includc rcsidcnls Ihcmsclves or Iheir families where srale funding is not available. Tlie managemenl learn is conbmilted lo Clarifying the full scope of servlces provided and highlighiin8 our expertise in neurological disorders, braio injury, and rehabilitation. The costs associated with delivering these specialisr services consisleDtly exceed Ihose of most oiher care homes. There is a focused drive lo review currenl fees wilh the local auihorily, especially many bistorically agr¢¢d fecs iyhich hav¢ not b¢¢n increased effcctively aod look at ways to boost iDcom¢ to off¢r better pay, benefits and strengthen our position as a pref¢Tr¢d employer where stsff can eDgage on a long-tem carcer pathway. The f*brie ol the Chaseley bulldlng Chaseley is required 10 provide an environment suitable for residents with increasingly complex care needs. Operating for over 78 years, the building its¢lf is 130 years old and requires ongoing modernisalion and refurbishment. Some improvements, such as shower room upgrades. have been funded through donations as has the refvrbishment of our Casbar- our café bar and resident's lounge. Page 7

The Chaseley Trust Trustees. Report In 2022, 8 surveyor was engaged to conduel a full evaluaiion of the building and develop a 10-year r¢furbisliiiient plan, financeAI in part from income tthd donations. Portions of this work were completed An 2023 and 2024. In early 2024, it became apparent Ihal some upgrades would need io be implemented ahead of schedule. The manager iniliaied a sy8iem for the maintenance deparlmeni 10 address urgenl repairs. The impact of th¢ Covid pandemic result¢d in priorilising daily opeTalions, which affected building maintcnanre due to business isolarion and shuidowns. A health and safety inspection was also carried out, with positiv¢ results and adviLe M.'as sougbi from an experienLed builder regarding rcfurbishmeut plans. A budget for refurbishment, COll5idering cash flow. is bcing prepared with input from the Trustees together with a Tevigion of the Survey Ca￿led out due lo works bcing halted during the Covid years. Current priorities ioclude replacing WiDdouis, upgrading fire safety systems and roof repairs. OUT Facilities Manager has reviewed and continues to review and update, relevant policies and contracts to mainlain compliance with requirements (or urgenl works and rouline maintenance. Procurement policies are followed lo ensure adherence lo purchase slandards, quality and suitability. Additionally mainienan¢e such a$ servicing, cleanin8, of replacement ha8 been completed on key systerns, including Wal¢r supply. air conditioning, bed hoisls. gas and eleciricity, drains, gutters, automatic doors &nd fire prole¢lion equipment. Interior repaintin¥ has ¢ornmen¢ed ond is ongoing and new floonD8 has beeD Installed in sele¢l¢d areas. We are also in the process of refurb]s￿ing our residenls, rooms as funds and room availability allow. Repointing and rcp8irs to the brickivork are finisbed and oulslanding tasks are being addressed based on priority, using repulablc CODtractors who Provide value for money. Throughout early 2025. Several J$s¢ssmenls by qualified conlraclor$ hHv¢ been ¢ommi$sioned io infom the scope of necessary work. Chaseley ini¢nds lo address Ihese needs proactively and in a limely manner, with safety ¢on8idcred a primary ¢on¢¢m. Efforts will also be made io secure don&iions for spccific projocl components requiring funding. Our dedicated volunteers and Veterans have conlribuled significantly by ren0￿&11￿£ and enhancing the gardens and grounds, ensuring the continued renewal of our beautibjl propety. Dlverslfication of Income The Management Team will CQDtinue to look al the potential for Ibe diversification of services and better ulilisalion of the Home, and to exploTe partnershiplsbared cost working with oiher Providers, in parttcular belw¢eD oiilp8tients and the gym. Currently, the NHS locally is unable lo increase it5 funding for oulpatienls due lo ihc shorlagc of its own funds. In 2025, we arc considcring the polcnlial lo expand the numb¢r of roonis by ulilising available space ivithio the home, subject io a SLwveyor's report. . Reserves olic The Trustee$ have revieived tbe Reserves position of the Charity and have taken into consideration the assct5 required to provide for the long-temi care of ils ResideDfS, together with reasonable working capital Tequired giveD their kno￿.]edge of the various funding agencies SUPPOrting the Charity. The Trustees have also made allowance to cover unforeseen circumstances. As at 31 Deccmber 2024. Ihe Charity had Reserves of £3,270k (2023: £2,894k), of ivhich Fr¢e (Unrestricied) Reserves were £1,766k (2023: £1,002k). Page 8

The Chaseley Trust Trustees, Report The T￿stee$ Jre ot. the opinion that, in the longer lerm. Free Reserves (those reserves Available for working capital, development aod the provision of service) should, at a minimum, be al a level whi¢b would cover approximately nine months of the Charitys running costs. As at 31 December 2024, thai amounted to £4,630k (2023.. £4.560k). In the shorter term, the target is lo achieve Free Reserves equivalenl 10 three monilis of the costs of the Cbariry; at 31 December 2024 thai required free Teserves of £1,543k (2023= £1,520k). At £1,766k (2023.. £1.002k) Ihe Free Reserves are £223k above what is considered to be prudent. et Intome l Ex endfiiure The ner surplus for (he year amounted 10 £376k (2023.. deficit £36k). Nursing and carc servibe5 income increased by £487k (8n/o) to £6.387k and tkne related expenditure inLreased by £91k (1.5/ts) to £6,144k. tncreasing permanent styaff numbers improves the continuity &inJ of so over th¢ p45t few year¥, one of the key targets for cost control and rcduclion has be¢n lo rcduce the depend¢ncy on Agen¢y staff. W¢ have suecessfully reduced our agency cost$ as we have Te¢ruited pemianent staff d¢spile the Dational crisis in care home staffing discussed elsewhere in this report and this objective was met and agency $tsff Costs decreased by £138k from £895k to 758k (150/0), We arc airning to T¢duc¢ asency further. at rial In tme Under the Articles of Association, the Charity has Ihe power lo invesr in any way that the Trustees choose. The Trusiees. having regard lo the liquidity requirements of operating the Charity and to the Reserves policy, have operated a policy of keeping available funds in an inleresl-bvaTing deposit account when applicable. Structur¢? govcrnlfftce and managemeht The Chaseley Trust is a company limiled by guarantee and Dot having a share capiial, governed by its Articles of Association which iver¢ originally dat¢d 21 December 2001 and which were amended on 26 April 2016. t r Electl tee No Trusree (Director for Ihe purpose of cOm￿nY law) held my interest in the Company al any lime durin8 Ihe year. For most of 2024. the Board consisted of five Trustees. plus the Chair: Gill Davies Angus Langford Lesley Miles Jackie Travis Clive Garner Jan ￿loyd Page 9

The Chaseley Trust Trustees, Report In early 2024, the board appointed Jackie Travis. an experienced HR professional and Jan Floyd, a fornier Care Home Financial Director with experience in finaoce and home management. These additions address staffing and finaneial challenges in the secror. With Professor Gill Davies stepping down, Chaseley cAn hppoinl two more members. the preference is for one with building ¢xperiise and another with a clinical or neurological background. Trustees are sel¢cled following interviews with the Chair and other Trustees. with post-interview discussions amongst all the Trustees. Ncw Tru$tees are direercd to their legal obligations under Charity and Company law. the conrenl of the Memorandurn and Articles of Association. the decision-making process and are provided with the recent financial performance of the Charity. There is also now a I￿￿tee pack available for any new Injstee wishing to apply, a comprehensive Induction Programme for new Trusiees: providing full infonxalion on Chaseley and its fijnctions, inLluding a tour of the Horne. The Trustees appoint the Registered Care Home Manager to oversee daily operations, delcgaling authority for finance, employmenl and related matters. Th¢ Board retains overall legal and financial responsibilily, T¢Vj¢WS fituocial perfomance monihly and approves the annual budget. The Mana8er reports to Ibe Board in wriling on a monihly qudrierly bJsis, ¢L)mmuaicaleb" re¥ulurly wilh Ihe Chuir, and meeis weekly wben possible. Truslecs mainiain frequent contact iviih the Manager via ¢mail and meelings. In 2024, the Board mel four limes. Chaseley Managemenl has a full Risk Ass¢ssmenl for Ihe home, which is reviewed and updaled regularly, in conjunction with the management. The Risk Assessment is available ai any lime for Trustees lo inspect, and is an agenda ileni al all Board meetings for review and updal¢d as r¢quired. As well as includin8 areas concerning the Nnning of the Board ilself, it attends 10 Ils responsibilities in respeci of overseeing the polenlial for risk in the d2y-to4day running of thc homc. MaDa8emeni focu5es on risk via A daily meeting beThveen senior clini¢al staff to discuss and plan for any problems or difficullics likely to arise. These fakc place al the beginning and end of each shift, as well as on¢ held during the day. An early walk around the ivhole bome fwsi thujg ¢v¢ry morning by the Registered Manager, Quality and Clinical Manager, or Faciliiies Manager. Daily Senior ManAgement Team meeiings to review all aspects of operations and services provided al the bome. We¢kiy risk #nd review r¥porls to the Chair froni th¢ R¢gisier¢d Man88er via email or lelephone, bul more often face-to tace. Monthly slrAff meetings, encouraging Staft lo raise concerns and provide feedback to the Reglslered Manager. Monthly R¢sidenls' mcclings - io provide a voicc for Ih08e using thc homc. Thcse arc on differcnt topics cBch month to cover all departsneni$ and io give Residents a clear voice. Monthly drop-in sessions ro the Manager for stsff to air any viems. Annual survey and quarterly survey5. Exleimal audils for transparency and independence. d. Public benefit The trustees confirm that they have complied with th¢ requiremenls of scclion 17 of the Charities Act 201 I Io have due regaTd lo Ihe public benefil guidance published by Ihe Charily Commission for England and Wales. Page 10

The Chaseley Trust Trustees, Report In preparing the Report and Accounls, Ihe Trustees hove complied ￿11th the requirements set out in that guidance lo report on significant aclivilies and achievemeDlS of the Charity in 2024. The Report is structured in such a way as to set out both Ihe aims and objeclives of the Charity and demonslrales how these were carried out for the publio benefit. Future developments Funding for new equiprnent and the upgradin8 of the building continues lo be the focus for applications lo major donors in 202412025. Our new Fundraising. Marketin8 & New Busines5 Manager has been tasked witb obtainios 8ranl8 and hclp to flnance our nccds - sec more fiuther below. The Trustees did not plan ¢0 extend the Home in 2024 bul will continue. during 2025, 10 assess the viability of such acliou, possibly using available space LD the area adjacent to th¢ ¢aT park at the rear of lh¢ building. Meantime, more tbought is being given to the efficient use of space internally, with tbe possibility of creating a few cxtra bedrooms, which would improvc th¢ home's incomc. During 2025 ivc have startcd io dcvisc our new Business Siralegic Plan. This involves ivorking iviih the users of our service and en¥aging with our key slaff.to ensure we are designins our fulure more Ihoroughly. Fundamentslly, we are focusing on who we are, what we. do and how we can improve our service, offering, fa¢AIAiies and buildin8'. The mission of rh¢ Trust remains true to the original objects of th¢ charity as cstablish¢d in 1946, notiog that the main audien¢e at thai lime w¢r¢ military personnel.. To provide specialist care to individuals over 18 years of age with complex neurological condifions. A centre of excellence in $pecialisl care for adult$ with complex neurological ¢ondilions. Val Wc make a difference Enabling our residcnts to live thcir bc5t livcs by providin8 high qu81ity, kind and safe carc, re.$pe¢tin8 IhLir rights as individuals aod eftLouraging tbeir independence. We slrive for excellence Seeking ways to improv¢ ill all that w¢ do, lisl¢ning lo Ihc vi¢ws of our residenls, Ih¢ir fatnili¢s and our slarr, and conliDuing to look for aew and bcller ways to do things, • We are one Chaseley team Respecling the viev¥'S and contrlbulions of everyone who works ai Cbaseley, Supporting each other. embracing new ideas. developing che skills of our staff and celebrating their achievements. We look afler our r¢sour¢es Recognising our charitable obligations. we are careful with our resources, looking for best value. maximising etricienoy and eftectiv¢ne$s while neveT Compfomising on the high44uality care we provide to our I￿¥dents. Pagell

The Chaseley Trust Tru5t¢e$' Report Informatlon on fundraising pracdces FundrAlslng Compllanee Statement In rhe year, the TnLsI undcrlook ￿ndraISing Ihrough grdnts and Trusts, community and cvcnls fundraising. corporate parrnerships, individual giving and donations in kind. We did not engage any commercial participaioTS and did not engage eyrernal professional fvndraisers. Where third parties supported our events, they acied under our direction and did not retain a share of proceeds. We are registcred with and follow the FuTJdraising Rcgulator's Code of Fundraising Practice. We monitor updates lo the Code alld apply them to our policies and training. All staff aad volunteers involved in fuDdraising are trained on our fundraising policy. data prote£tion. safeguardiog and the Code. I"tsird-party'supporters are provided with wrirten guidance and are spot<hecke41 by our rcam. We did nol receive any fundraising complaints in Ibe year Protecting the public and vulnerable people.. As a care charity. we take particular care to proteci people in vulnerablc circumstanccs. Our policy probibits high-pressure or exploitative techniques, provides cooling-off periods and requires supervisory approval for communications fargetcd al Poteniially vulnerable audiences. Staff and volunteers receive anllual safeguarding and data-proleclioD refresllers, and iucidenls or conc¢ms arc cscalatcd lo desi8naled leads. We adhere io UK GDPR,. our privacy nolice is Nvailable on our website and on request. Fundraising activities are managed solely by tbe in-house fvll-time fundraiser. No third.paty or dOor-to￿00r fundrais¢Ts are engaged. All evenls and activities #Te planned and overseen directly, and all funds raised are T¢POrted in ihe Fundraising M&nagcr's quarterly Board reports. OD occasions where fundraising is carried out on our behalf, it is only undertaken tbrough legitimate. registertd online platfornis, for example GoFundMe (e.g. Veterans Christmas Day Swim). Fundraiging aclivily As limiled io community evenls, grant applicalions, appeals and personal donalions made directly lo Cbaseley. Chaseley always ensures tbe prot¢¢tton of vu]nerable r¢5id¢nts and would n¢v¢r r¢qu¢st or accepi fiD4ncial concributions from those in our care. Annual fvndraising expenditure remains well below the £IOO,000 threshold and therefore Chaseley is not classified as a "leTry-payer." Page 12

The Chaseley Trust Trustees, Report Fundrafiglng Activities Report Our new Fundraising, Marketing & New Business Manager. Patricia Dark. began work in January 2024 and came wilh Gonsiderable experience in her field. As well &$ s¢¢king major donations. principally in conneciion with rhe refvrbishment of tbe buildin8, she has made good links with other local organisations, arranged for QUT websiie to be updated, increased our presence on all social media pl8lfomis and really started raising our profile. Her objective is tu make the home better knowD and raise funds. Operating as it does in a highly speLiali5t dred and silualed away from the main center of Easiboumc, it needs to incrcase ils vlsibility iu the community. Chaseley wishe5 to enhance its presence in many areas - fioanctal donations, donations in kind, volunteering, as well as simply being known as a care home unlike most others. of which Easibourne should be proud. Strong links have been made with local veterans who willingly and cheerfully give their servi¢es io help with basic jobs guch as garden clearance, pairtting and other maintenance work. Chaseley is now a signature to the Arnied FOTCCS Covenant. This is mor¢ (han appropriate &s Cbaselcy b¢8an its life as a home for disabl¢d ex-servicemen. Patricia Dark has also secured several donation8 in kind from local supemiarkcts and other relail outlets. She regularly attend5 meetings of the E8Stbourne Chamber of Commerce and is making links with other organisalions such as the Rolary Club. Links with Easibourne College have been reoeived with students visiting. regularly ro do volunteer work. There is a schedule of events 10 be held al Chaseley during 2025 intended 10 draw in other members of the community, such as the opportunity to come to Chaseley 10 Ivaich Airbourne from a perfect vanlage point and quiz nights. Over ihe p2sr eighteen montbs Chaseley has continued io raise money through 8 mix of 8rant5. donations, events and community SUPPOrt, Grant su¢c¢sses hav¢ brought ift just ov¢r £20,000. Smaller but valuable grants and gifts in kind - volunteer gardening and repairs, donations of building materials, a piano and plants have helped reduce ¢o$ts by several thousand pounds. We are currently awaiting a decision on an application lo the Masonic Foundation tor a neiv minibus.vOver Ihe past eighteen months Chaseley has continued lo raise rnoncy through a mix of grants. donalions, events and community $uppon. Grant successes have brought in jusl over £20.000. Smaller bui valuable grant8 and gifts in kind - volunleer gardening and repairs, donations of building material8, a piano and plants - have helped reduce costs by scv¢ral thousand pounds. We are ¢urrcntly awaitin8 a decision on an applicatioTh to Ihc Masonic Foundation for a new ￿￿bus. Community donations have raised a furtber £14,000+ with individual and grtsup giving Lontinuing to 8row. Events and activities have added ovcr £13,000, from activities such ÈLS Airbourne tbis p&81 month, Ivhere we welcomed over 200 ¥u¢st$, as well as incom¢ from Chas¢l¢y's nigbtclub, Chamb¢r of Commerce evenls, comedy nighis and the Mayor's progrllmme of fuDdraisers. Together these sources bave delivered well over £45.000 in direct cash income, alon8side the si￿1r1C&Dt in-kind CODtribulioDS. Al ch¢ .8ame time, national grant funding h84 becomc far harder to secure. Since Covid. the numbcr of applic3tions lo UK trusts and foundations has surged while available funds have fallen. Tbi5 bas pushed success rates 10 historic lows, with Chaseley like many charilies - seeing rejeclions caused not by project quality, bul by heavy ¢ompetilion and limited resources. This context makes il vital ihai Chaseley continues lo diversify ils fundrdisin8 through evenls, business parL'neTships and communily 8UPPOrt. Refiwbishment of the building and facilities to the higbest standards offers a w¢ll-defined focus for funding applications once clearly defined and identified, and can then be targeted a5 inth'vidual raisers. The Chaseley Trust has worked hard lo raise fvnlts from the cornmunity, donations and events but mor¢ funds are needed to mainlain and improve the building and facilities. Page 13

The Chaseley Trust Trustees, Report Statement of trustees, re$pon5ibiiitie$ The trustees (who are also the direclors of The Chaseley Trust for the purposes of company law) are responsible for preparing the trustees, reporl and the financial statements in accordance with applicable law and United Kingdom Accounling Siandards (United Kingdom Generally Accepted Accounting Prdclice). including FRS 102 "The Financial Rcpor¢ing Standard applicablc in the UK and Republic of Ireland" Company law requires the (Tusrees to prepdre financial statements for each f￿a￿LIa1 year. Under company law thc fnistees must not approve the fmancial statements u])less they are satisfjed that they give a true and fair view of the stale of affairs of tbe charitsble company and of the incoming resources and application of resources. includirtg its income and expenditure, of the charitable company for ihat period. In preparing these financial statemcnts, tht rrnstcts are required to.. select suiiable accounting policies and apply them consistently; obs¢rv¢ the meihods and principles in ihe Charities SORP. make judgements and estimates that are reasonable and prudent; state whether applicable accountin8 Standards, comprising FRS 102 have been followed, 5ubjcct to any material deparlurc$ disclosed and explaiDcd in the financial statements- and prepare tbe finoncial statements on the going concern basis unless il is inappropriale lo presume thai ihe ch¥ri1oble company will continue ID business. Thc Irustce8 ar¢ responsible for kccping proper accouniing r¢¢ords ihai can disclose wilh rcasnnable accuracy al any lim¢ Ihe financial position of Ihe charitsble company and enable them to ensure that the financial statemenLS comply with Ihe Companies Aci 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for Ihe prevention and detection of fraud and oiher irregularities. The trustees are responsible for the rnainlenance and integTity of the COTporate and financial infom8tion includcd on the cbarilablc company's wcbsitc. Lcgislatioo governing thc prcparation and diss¢mination of financial sratements may differ frorn legislation in other jurisdictions. Disclosure of intormation to auditor Each Inisl¢¢ ha5 taken Sl¢p5 Ihat ih¢y ought lo hav¢ taken as a tnjstee in order to make themselves aware of any relevant audit infomalion and to establish ihai the charity's auditor is aware ol. that inforniation, The ITuslees conlirni Ihai there is no relevant infornialion that they know of and of which ihey know the auditor is unaware. Audllors New Auditors, Mannin8lons were appoinlcd by thc board in 2U25. The aonual reporl was appioved by the trustees of the charity on 28 September 2025 and signed on ils behalf by: yd Chaimian and tnjstee Page 14

The Chaseley Trust Independent Auditor's Report to the Members of The Chaseley Trust Oplnlon We hav¢ audited ihe financial stsiements of The Chasel¢y Trust (the 'charity') for the year ended 31 December 2024, w,hich comprise the Statement of Financial Aclivities. Balance Sheer. Sialement of Cash Flows. and Notes to the Financial Statements. including a summary of significanl accounting policies. The financial reporting frdmework thai has been applied in their preparation is Unitcd Kingdom Accounting Standards, comprising Chariiies SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and applicable law (Uniied Kingdom Generally Accepted Accounting Practice). In our opinion the fLnancial statements.. give a trne and fair view of th¢ sthte of the charitys offairs as ai 31 December 2024 ond of ils illcomin8 resources and application of resources. including its income And expenditure. for the year then ended. have been properly prepared in accordance wilh Unilcd Kingdom G¢nerally Ac¢eplcd Accounting Praciic¢,' have been prepared in accordance with the requirements of the Companies Acl 2006. Basls for oplnlon We conducted our audit in accordance iviib Inlernalion81 Stsndards on Auditing (UK) (ISAS (UK)) and applic8blc lThw. Our rcsponsibiliiies under thosc standards are ￿rthcr dcscribcd in thc audilDr rc8ponsibililics for th¢ audit of the financial 5tat¢menls section of our rcport. We arc iiidcpendenl of the charity in 4ccordanc¢ with Ihe ethical requiremenrs ihat are Televani 10 our lludil of the financial statements in the UK, including the FRC'S Ethical Standard, and we havc fulfilled our other ¢ihical Tesponsibilities in accordance wiib these r¢quir¢m¢nls, We believe that the audit evidellce wv have obtain¢d is sufficient and appropTial¥ to provide a basis for our OPiDlOtt. Conclusions relaling io going concern In audilin8 Ihe financial Sthlemenls, we have concluded Ih#l Ihe Iruscs use of Ihe ¥oing ￿ncern b&sis or accouniing in the preparation ol. the inan¢ial sialemenls is appropriate. Bascd on the work we have pcrfomicd, we have not identified uny maleriul uncertainties relating to events or ondiliolls that, individually or coll¢Gtively, may cast signifiGant doubt on the charity's abiliry (o continue as a going concern for a period of at l¢asl Thvelve rnollths from when ihe original financial staternenrs iver¢ authorised for issue, Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Imformatlon The trust¢¢s arc responsibl¢ for the other inforniation. The other infonnation compTiS¢S Ihc infonnalion iD¢luded in the annual reporl, other than the finhncial stslem¢nls and our auditor's report thereon. Our opinion on Ihc financial Slalemenls does not cover the oihcr infornialion and, except to the extent otherwise explicitly staled in our report. we do not express any form of assurance conclusion Ihereon. In conneclion with our audil of the financial staiemenis, our responsibility is lo read the other informalion'and, in doiD8 so. consider whether the other inforniation is materially inconsistent ivith the financial statements or our knowledgc obtained in the audit or othenvise appears to be mat¢rially misstated. If ive identify such material inconsi8tcncies or apparent material misststements, we ar¢ required to deltrn1ine ivhether there is a material rnis$latement in the financial 5t&lemeDts or a material mi5Stalcmenl of the other infomalion. If, based on th¢ work we have pcrfomed, we conclud¢ that there 1$ a material missLqtement of this otber infomiation. we are r¢quir¢d to report that fact. W¢ have nothing to report in this regard. Page 15

The Chaseley Trust Independent Auditor's Report to the Members of The Chaseley Trust Opinion on other matter prescribed b>. Ihe Companies Acl 2006 In our opinion. based on ihe work undertaken in the course of Ihe audit.. the information given in the TNslees' Report for Ihe financial year for which Ihe financial stsiements are prepared is consislent wilh ihe financial staiemenis. and rhe Tn]st¢cs' Rcport has been prepared in accordance with applicable legal requirements. Matters on whleh we are requlrtd to report by exeepdon In ihe light of our knowledge and undersL￿ding of the charity and its environment obtaioed in the Course of the auth't, we have not idcntificd material ttiisststements in the Trustees, Report. We have nothing to rcporl in respect of the following matters where the Companies Act 2006 requires us to Teport to you if. in our opinion.. adequ￿¢ accounting records have Dot been kept, or retLm)s adequaie for our audit hav¢ Dot b¢en received from brdnches not visited by us. or Ihe fuiancial slalements are nol in a8r¢ement ivith tbe a¢¢ounting re¢ord$ and re￿rns. or cenain disclosures of trustees remuneration specified by18w are not mad¢; or we have not received all the inforn)ation and explanations we require for our audit. Responslbllltles of truslees As explained more liilly in the Siatcmcnl of trustees, r¢5ponsibililie$ (set out on page 14), the Iruslees are responsible for ihe preparllion of the financial slalemenls and for being satisfied ihal Ihey give a true and fair view, and for such internal control as the trustees dcl¢mine is necessary to enable the prcparalion of financial staiements that are free from material misslalement, whether due lo fraud or error. Iji preparing the fmancial s¢al¢meiils, the tNsle¢s arv responsible for asse59iug the charity's ability lo conrinue as a going concern. disclosing, as applicable, matleTS related lo going CODCCTn aDd using the going concern basis of accounting unlcss Ihe twstees either inlend 10 liquidate the charity or to cease operations, or have no realistic aliernativc bul to do so. Auditor rtsponsibilities for the audit of the financial gtalements Our objeciives are lo obtain reasonable assurance aboul whether the financial siatemenis as a whole are free from n)aterial misstatement, whether due lo fraud or e￿Or, and lo issue an auditor's report that includes our opitiion. Reasonable assurance is a higb level of assurance, bul is not a guarantee that an audit conducted iti a¢¢ordance with ISAS (UK) Ivill always delecl a tnalerial misstatement when il exists. Mi5slatements can arise from fraud or crror and ar¢ ¢onsid¢r¢d m8l¢rial if. indlvidually or in Ihc aggrcgalc. Ibey could reasonably be expected to influence the economic decisions of users taken QD the b&sis of Ihese flnancial statements. The exlent io which our pro¢edures are capable of detecting irregularities. including fraud is detailed below: Page l6

The Chaseley Trust Independent Audltor's Report to the Members of Tbe Chaseley Trust The detection of fraud and iiregularilies is a primary consideration of the audit planning and is carried through lo the audit completion stage. A risk Assessment and preliminary ￿alYtICal review is undertaken at the planning stage and areas of concern are then built iDto Ibe audit strategy and testing lo ensure sufficient procedures and evidence is obtained 10 give comfort that material irregularities and potential inslances of fraud are delecled where possible. With 2024 being our first year of auditing the Chasel¢y Trust opening balances were also specifically lesrcd where possibl¢ to try an CDSUTe comparablc dats and to gain assuranc¢ thai 2023 relevant balances bave been r¢v¢rsed or cleared in 2024. The audit teani is bricfed regarding any areas or concern, the potential audit risks and consequential impact. The audit team remained vi8ilallt throughout their work and made enquiries of key management and finance personnel throughout. The Chaseley Trust's key management and tinance personnel were consulied on any known or suspected breaches in laws and regulations along with misappropriation of ￿ndS at both the planning and completion stages of the audit. Due Consideration w&s given to the possible use ofmanagement override and this was built into our audit strategy. The iniltal risk assessment kn'ghlighted a polenlial show 5￿pper being ol. non<ompliance with Ihe CQC. We obtsined a copy of Ihe latest inspection report dated January 2025 wihich was rated 'Good' from an inspection In October 2024. No issues arose from the report resulting in Ihe potential shower stopper risk being brought down to a low accopthblc Icvcl. The purpose of the preliminary analy¢i¢al review of the financial sralemenls is to highlight any possible Areas of concern lo invesligate whether the variance is expected or unexpeeied, bused on the infomialion obtained as parl of Ihc planlling PTOCCSS alld Ib¢ current climate the charity is operating ulld¢r. R¢levant audit l¢sis had been planned to obtain supporting documcntatioTh to ensure that they are within ibc cbarifable obje¢tiv¢s and no misappropriation of funds by way of fraud, or rnisstat¢ments. Lal¢sl accounts disclosure checklists available are also compl¢lcd tD cnsurc thc accowits cnmply with thc latcst rcporting framcwork that is applicable tn thc charitable company. There are aspects of the audit which are deliberaiely unpredictable 10 assisi in Ihe detection of irregulariries, such as varying how we test items which aTe more susceptible lo fraud, year on year And by incorporatin8 sy$lemalic sampling over the populations tested. Use of our report This report is made solely lo tb¢ ¢barilable company's Iruslees, as a body, in accordance with Chapler 3 of Part 16 of the Companies Act 2006. Our audtt work ha5 been undertaken so Ihat we might stste to the charity's trustees those matters ive are required to Slate to them in an auditor's report and for no other purpose. To the fullesl exleol pttny]illed by law, Ive du ¢lCLepl vr assume re5ponsibilily lu anyune other iban Ihc Lharitsble company and ils trustees as a body, for our audit wDrk, for this report, or for the opinions ive have formed. Row¢na Walsh FCCA (Seaior Stawiory Auditor) ror ￿]d on b¢half of Mannillgtons, sta￿lory Audiior 39 High Sireei Baiile Easi Sussex TN33 OEE 29 September 2025 Page 17

The Chaseley Trust Statement of Financial Actlvfjtles for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted runds Total 2024 Note Income 8dnd Endowments from: Donations and legacies c.haritable activities Other trading activities Other income 61,006 6,387,180 3,393 117,534 61.￿6 6,387,180 3.393 117,534 Tolal incomc 6569113 6569.113 Lxpendllure on: Raising fjjnds Charitablc activiti¢s (49.125) (6 101831 (49,125) 6 143 858 Toial expenditur¢ 42.027 6,192,983) Net incomel{cxpendilure) Transfers between fijnds 418.157 346,556 (42,027) 346,556 376,130 Nel movernenl in funds 764,713 (388,583) 376,130 Reconciliation of fynd$ Tolal funds brought forward 1,001,780 1,892,330 2,894,110 Total funds carried forward 19 1,766,493 1,503,747 3,270,240 Thc notes on pages 22 to 37 form an iDtegral part of thesc financial ststcrncnts. Page A8

The Chaseley Trust Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Accounl and Statement of Total Recognised Gains and Losses) Unr¢5tricted funds Restricted funds TotAI 2023 Note Income and Endowments from: Donations and legacies c.haritable activities Orher trading aclivities Other income 2,944 5,899,743 1,028 62,196 65,140 5,899,743 1,028 Total income 5 981,594 62,196 6.043,790 Expendlture on: Raising fijnds Charitsble activirics (22.793) 16,021,246 (4,313) (27,106) 6 053,165 Total expenditu 6,044 039 36,232) 6.080,271 Net {expendilureyincomc Transfers beiween funds (62.445) 11,080 25.964 1,080 (36.481) Nel movement in fund5 163,525) 27.044 (36.481) Reconciliation of funds Tolal funds broughi forward 1,065,305 1,865,286 2,930,591 Total funds carried forward 19 1001780 1892 330 2894 110 All of the charity's aciiwties derivc from ¢ontinuiTrg operations durin8 the above two periods. The funds breakdown for 2024 and 2023 is shown in note 19. The notes on pag¢5 22 to 37 fotm an integral part of the5¢ finbnGial statcments. Page 19

The Chaseley Trust (Registration number: 04344486} Balance Sheet as at 31 December 2024 2024 2023 Note Flx¢d assets Tangible assets 14 1.963.831 2.028,473 Current Assets Debtors Cash al bank and in hand 15 16 851,245 1251,278 853,768 775 563 2,102,523 1,629,331 Credltor$: Amount$ f%lling due withln one ye•r 17 796, l14 763,694 Net currenl assels 1.306,409 865,637 Net Assets 3,270 240 2.894 110 Funds of th¢ thArity: Re$trieted In¢ome funds Il¢stricl¢d funds 1,503,747 1,892.330 Unrestrl¢t¢d Income funds Unrestricted fijnds 1,766,493 1,001,780 Total funds 19 3.270,240 2.894,110 The financial 5taiemeftts on pages 18 to 37 were approved by the Iruslees, and auihorised for issue on 28 September 2025 and signed on their behalf by.. anel loyd chaim1t￿ and trur>lee The notes on pages 22 to 37 fom JD integral part of th¢5e financial slaternents. Page 20

The Chaseley Trust Statement of Cash Flows for the Year Ended 31 December 2024 2024 2023 Note Cash now5 from operatlng a¢tlvlile$ Net cash inComeJ(exp¢nditu￿) 376,130 (36,481) Adjustments to cash tlojvs from non-eash Stems Depreciation 126,932 111,205 503.062 74.724 Worklng capltal Adjustmenls D¢¥rea5e/(increase) in debiors InLrea5e in creditor$ Increase in provisioDS 15 17 2.523 32,420 44.269 (149.622) 184,461 32,570 N¢t cash flows from operating activities 582,274 142,133 Cash flows from Investfing actlvltles Acquisition5 of tangible assels Net increasc in cash and cash equivalents Casb and cash equivalenis al l January (106,559) 77.223 475,715 64,910 775 563 710,653 Cash and cash equivalents al 31 December 1,25 1,278 775,563 All ot. the ¢ash tlows are derived from continuing operations during the above two periods. The notcs oll pagcs 22 to 37 form an integral part of th¢se finanLial stalcrnents. Page21

The Chaseley Trust Notes to the Financial Statements for the Year Ended 31 December 2024 I Charlty 5tatu$ The chdrity is limited by 8uaranlee, incorporated in and ¢onsequenily does not have Sha￿ capilal. Each of the trustces is liable to contribut¢ an amoLmt not ¢x¢¢edin8 £1 towards the ass¢ts of the charity in the ¢vcnt of liquidation. The address of lis registered otTice is.. The Chascley Trnsl South Clitl Eastbourne E&8t Susscx BN20 7JH 2 A¢Luuntln¥ pullcles Summary of significant accountlng polici¢$ 2nd key accountlng estimates The priD¢ipal accounling policies applied ID the preparation of these f￿ancial sialemenls are sel out bclow. These policies have been consistently applied to all Ihe years preseDted. unless otherwise slareit Statement ofcomplianre The finaocial stst¢m¢nrs have been prepared in accordaoce with Accounting and Reporting by Charities.. StatemLnl of Recomm¢nd¢d PraLliL¢ (appli¢&ble lo charities preparing tlicii accounts in accordanc¢ with Ilie Financial Reportin8 Standard applicable in the UK and Republic of Ircland (FRS 102)) (issued ID October 2019) (Charitics SORP (fRS 102)), the financial Reportin8 Standard applicable ui tbe UK and Republic of Ireland (FRS 102) ond the C.ompanic.8 Aci 2006, Basis of prepwrltion The Chaseley Trust meets the definition of P4 public benefit entity under FRS 102. Assets and liabililies a initially re¢ognised at historical cost or transaction value unless otherwise sialed in the relevanl accounling policy notes. Goln% tontern The trustecs consider ihal there are no material uncertainties about the charity's ability lo cootinue as a goin8 concen) nor any significanl areas of uncertainty Ibal atTecl the carrying value of assets held by the cbarity. Income and endowmeDts All income is recogni5ed once the charity has enliilement to the incorne, it is probable that the it)come will be rcccivcd and the amounl of the incomc rccciv8bl¢ Can be rn¢asured reliably. DunAtivnJ and lexaL'ieb Donations are recognised when Ihe charity has been notified in writing of both the amount and settlement dale. In Ihc ¢v¢ni Ihat a donation is subjccl ro conditions Ihal rcquirc a level of performancc by rhe charily bcforc Ihc chariry is entiiled lo ihe funds, the income is deferred and nol recognised until either those condilions are fully mel. or the fulfilmeni of those conditions is wholly within the control of the charity and it is probable that Ihese condilions will be ￿lfilled in the reporting period. Page 22

The Chgdseley Trust Notes to the Financial Statsments for the Year Ended 31 December 2024 Grants receivable Grants arc recognised ivhen the charity bas an entitlement to the funds and any conditlODS linked to the grants have been met. Wbere perfomncc conditions are atta¢hed to the grant and are yet to be rnel, the income is r¢¢ognised as a liability and included OD the balance sheet as deferred incom¢ to b¢ r¢l¢8s¢d. D¢f¢rr¢d income Deferred income represents amounts received for fijture periods and is released to incoming resources in the period for which, it ha5 been r¢¢¢iv¢d. Such income is oll]y deferred when: The donor specifics that the grant or donation must only be used in fijture accounting periods; or The donor has imposed conditions which must be mel bet.ore the charity has unconditional entitlement. The funding period of Resident crosses into ihe next financial year. Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expenditure, il Is probable settlement is r¢quir¢d aDd tb¢ JMOUDI ¢#n be m#asur¢d reliably. All LOSIS are allocated to the upplicable expenditure heading that aggregale similar costs lo Ihal category. Where costs cannot be directly allribuled to particular headings they have been allocated on a basis consistent with the use of resources. wilh ¢entral staff costs allocated on the ba8is of lime spent, and depreciation charges allocated on the porlion of the a8set's use. Other support cos¢s are allocated based on ihe spread of staff costs. RaiJiiixfuiidJ These aro cc)$ts incurred in attracling voluntary incomc, the managemcnl of invcslments and those incurred in trading activilies thai raise funds. Ch4ri¢able octiviti Charilablc cxp¢ndi¢ur¢ comprises those costs incurr¢d by thc charity in thc delivcry of ?Is activilics and services for its benelici84ries. It includes both costs ihai can be allocated directly lo such activities and those costs of an indirect nature necessary 10 suppon them. GovernAnce costs 'I'hese include the costs attributable to the charity's compliaft¢e with Constitutional and sta￿tOry rcquiremcnls, including audit, qtratcgic managcment and tn￿tCe8 mcetings and reimbursed cxpcnscs. Taxation The charity is considered lo pass the tests sel out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meels Ibe defmition of a cbaritable company for UK corporation lax purposes. Ac¢ordinRIy* the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax A¢t 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to thc extcnt that such incornc or gains arc applied cxclusivcly to charilablc putpos¢s. Tanglble flxed assets Individu<il fixed assets. cosling £2,000 or more are initially recorded at cost, les5 any subsequent accumulated depreciation and subsequent accurnulated impaimient losses. Page 23

The Chaseley Trust Notes to the Financial Statements for the Year Ended 31 December 2024 Depreciation and &mortistion Depreciation is provided on tangible fixed assets so as lo write off the cost or valuation, less any estimaied residual value, over their expected useful econoniic lit¢ as follows.. A55er eliss Freehold property Equipmenr Fixtures and fittings Office equipment Motor vehicles Depreelorlon method and rate straight line over 25 years straight line over 5 years straight line over l O year5 straight line over 3 years straight line over 5 ycars Trade debtors Trade debrors are amounts due from customers for mercbandise sold or services perfomied io the ordinary course of business. Trade debtors are rccogDised initially at the transactiOD pricc. They are subsequently measured at amot1ised cost sing the effeclivc interest mcthod, less provision foT irnpairmenl. A provision lor the impairnient ol trade debloTS is esiablished when there is objective evidence that ihe charity will not b¢ abl¢ to coll¢ct all amounls du¢ according lo the original temis of the receiv&bles. Cash and Cash equivalenls Cash and Lish equivdlent5 comprise casb on haDd and Call deposits, otber short-t¢mi highly liquid investments that are readily Convertible lo a known amount of cash and are subjecr to an insigniticanl risk or change in value. Trade eredffilors Trade Creditors are obligations to pay for goods or services thai have been acquired in Ihe ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does noi have an uncondilional righi, at Ihe end of the reporting periud, lo dcfer seiilemenl of the credilur for al leasl Iwelvc months after the reporting dalc. If there is an uncondilion31 right to defcr s¢ttlement for at least twelve moDths after the reporting date, they are presented as non￿Urrent liabilitie5. Trade creditors are recogni5ed initlally at the iran5action price and subsequenily measured at amortised cost using the effective interesi method. Borrowings Inl¢rest-beariug borrowings are initially r¢corded at fair value, n¢t of transaction costs. Int¢￿st-bCar7ng borrowings ar¢ subsequently carried at amortised cost, with the difference between the proceeds, nel of transaction costs, and tbe amount du¢ on redemption beiD8 reco8nised as a cbarge to the Statement of Financial Activits'es over tlje period of ihe relevant borrowiii8, Interest expense is recognised on the basis of the effective interest method and is included in ioterest payable and similar charges. Borrowngs are classified as current liabililies unless the charity has an unconditional right to defer settlement of the liability for at le&%1 twelve months after the reporting date. Page 24

The Chaseley Trust Notes to the Fln4n¢fial Statements for the Year Ended 31 December 2024 Fund structure Unrestricted income funds are general ￿ndS that are available for use at the trustees dIsC￿tion in ￿rthcrance of the objeciives ot ¢he charity. D¢signated funds are unTestri¢ted funds sel aside for specific purposes at the discretion of the trustees. Restrictcd income fijnds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Pensiun$ and uther po$¢ retirement obligatiofvs The charity operates a defined contribution pension scheme wbich is a pension plan under whicb ￿ed contributions are paid into a pension fund and the charity has no legal or constructive obligaiion to pay further Loniribulions cven if the fund does noi huld S￿￿lL1¢nI as$els lo pay all employees Ib¢ b¢nefils relalin¥ lo employee service in the current and prior periods. Contributions to defined contribulion plans are recognised in ihe Ststemeni of Financial Activities when they are due. If CODtribution payments exc¢¢d the contribution du¢ for s¢rvi¢¢, the ¢xce5s is r¢cognis¢d as a pr¢paym¢nl. FiD•nci#l Instruments Clossificalioii Financial assets and finan¢ial liabilities ar¢ r¢¢o8nised when the charity bccomcs a party to the contractual ' provisions of the instnuneni. Financial liabilities and equity instruments are classificd according to the substsllce of the conlrdctual arrangements entered into. An equity instrurnet)t is any contract that evidences a Tesidual interest in the assets of the charity after deducting all of ils liabililies. Re¢ogni(iOA dnd iiieasiiremenl All finan¢ial assc15 and liabilitics are irniliylly measured ill Iransdction price (iDcludin8 transaction costs). except for those financial assets classified as at fair value through profjl or loss, which 8re initially n)tasured at fair value (which is nomally the transaction price excluding Iransaction costs), unless the a￿artgement constitutes a financing Iransa¢iion. Jf an arrangement constitutes a financing Iransaclion, the financial asset or financial liability is measured at the present value of the future payinents discounted at a market rate of intcresi lor a similar debt instrumenr. Financial ass¢ls and liabilities are only offset ID tbe slatem¢nl of fmancial position when, and only when there exisls a legally enforceable Tight lo sel off the recognised amounts and Ibe charity intends eilher lo seltle OD a nel basis. or lo realise the asset and settle the liability simultaneously. Financiol L8iet$ arc derccogniscd when And only H,hen A) the contrACtual righis ro rhe caqh flows from Ihc financial a5sei expire or are settled, b) Ihe charity transfers 10 another party subsraniially all of the risks and rewaTds of owncrship of the fmancial asset. or c) th¢ charity, dcspiie having relaiDed 50m¢, but not all, significant risks and rewards of 0￿¢[ship. has transferred control of the asset lo another party. Financial liabilities are d¢Teco8nised only wheo the obligation specified in the contract is discharged, cancelled or expir¢s. Page 25

The Chaseley Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 Debi inslriimenls Debi instrumenls which meet the following conditions are subsequently measured at amortised cost using the effective interest method- (a) The contractual return 10 the holder is {il a fixed amouni; (li) a positive fixed rate or a positive variable 121e' or (iii) a combination of a positive or a negative fixed rate and a positive variable rate, (b) The contract may provide for repayments of the principal or the return to the holder (bul not both) lo be linked lo a single relevant observable index of general price inflation of the currency in which the debi insmiment 18 denomindi¢d, provided such links are not IcverAged. (c) The conlraci may provide for a determinable variaiion of the return to the holder during the lift of ihe insrrument, provided th411 (i) Ihe Dew rale 5atiyfies conJilion (a) und tbe variatloll IS Dot Lonlingent on future cvcnts otbcr than (l ) a changc of a contractual variable rate.. (2) to protect the holder against Lredii deterioration of the issuer. (3) Changes in levies applied by a central bank or arising from Changes in relevant taxation oi law. or (li) the new rate 15 a market rate of interest and satisfies condition (a). (d) There is no coDtractual provision that Gould, by its lernis. result in the holder losiDg the principal amount OT any ￿teres1 attribuiable to the cU￿ent period or prior periods. (c) Contractual provisions tbat pemiit tbe issuer lo prepay a debt iThstnimcnt or pentiil the holder 10 Put it back to th¢ issuer before niawrity are no¢ ¢oniingenl on future events. oiher than io prole¢r the holder againsl Ihe ¢redil delerioralion of the issuer or a change in control of the issuer. or to PTolect the holder or issuer against changes in Icvies applied by a ¢enir81 bank or arising from chan8¢s in relcvani thxaiion or law. (Q Contractual provisions may pemii the extension of the term of the debt insttumenl, provided Ihat the reNrn lo Ihe holder and any oiher contra¢wal provisions applicable during Ihe exlended term salisfy the conditions of para8raphs (a) to (c). Lkbt inslrnments ihal are classified as payable or receivable within one year on initial Tecognilion and which mcct thc above conditions arc measured at thc undi8countLd amount tsf thc cash or othcr conqideration expected to be paid or received. n¢t of impairment. With rhe exception of some hedging instrwn¢nrs other debt insmim¢nts not meeting these condiiions are measured al fair value through profit or loss. Commitments lo make and recetve loans which meet the conditions mention¢d abov¢ ure meosuT¢d at cost (wbich may be nil) less impairmenl. Inwesiinents Investments in iion-Lonvertible preference shares aiid non-puttsble ordinary or preference shareg (wbere sbares arc publicly traded or thcir fair valuc is rcliably m¢asiirablc) arc m¢asur¢d at fair valuc through profil or loss. WILere fair value cannot be measured reliably. investments ar¢ measuTed at cost less irnpairnient. Investments in subsidiaries and associaies are measured al cost less impairmenl. For investments in subsidiaries acquired for consideralion including the issue of shares qualifying for merger relief. cosl is measured by ferenc¢ to the nominal value of th¢ shares issued plus fair value of other consideration. Any premium is ignored. Page 26

The Chaseley Trust Notes to the Financial Statements for the Year Ended 31 December 2024 Deyivalivefirtancial instrumenls The charity uses derivative fmancial instruments to reduce exposur¢ lo foreign exchange risk ond interest rare movemenls. The Ghariry does not hold or issue derivative f￿anCIal instruments for speculative purposes. Derivatives are inilially recognised ai fair value at the date a derivative contract is entered into and are subsequently reMeasU￿d to their fair value al each reporting date. The rewlting gain or loss is recognised in slaiemenl of. tinancial activities immediately unless the derivativc is designated and efleclive as a hedging insrrumenl, in which event the timing of the recognition in statement of financial aclivities depends on the na￿re of the hedge relationship. Fair vulue me<isiirement The best evidence of fair value ig a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical ￿Sel provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significaDt lapse of time since Ihe Iransaction took plac¢. If tbe market is not active and recenl transactions of an identical asser on tbeir own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. 3 Incom¢ from donations and l¢ga¢le$ Unrestrlctcd funds De$lgnated General TotAI 2024 Total 202J Donations and legacies; Donations from individuals Grants, including capital grants; Grants from other charities 43,664 5,248 48,912 36,718 12,094 12,094 28,422 4.3,664 61,006 65,140 4 Ineome from eharltable activStle$ Unrestricted I'unds General Total 2024 Total 2023 Nursing and care services 6,387,180 6,387,180 5.899,743 S Income from other trading &ctlvltle$ Unrestricted funds General TotY41 2024 Total 2023 Events income,. Other evenls incomc 3,393 3,393 3.393 1,028 Page 27

The Chaseley Trust Notes to the Financi21 Statements for the Year Ended 31 December 2024 O Other Income Unrestricted funds Gener41 Total 2024 Total 2023 Other income 117.534 17.534 77,879 7 E%pendltur¢ on raisin8 fund$ a) Costs of tradlng actlvltles Unre$trl¢t¢d funds G¢n¢ral Tolal 2024 Total 2023 Costs of raising voluntary income; Fundraising Costs Fundraising slarr wages Fundraisin8 staff social security costs Fundraising staff pension cost$ 6,035 38,176 4,013 901 6,035 38,176 4,013 901 6,683 18,035 1,861 527 49,125 49.125 8 Expendlture on eharltAble activitie$ Unrestrlcted t'unds De$lgnated General Restrleted funds Total 2024 Total 2023 Note Activities undertaken directly Depreciation, amorlisalion and other similar costs Staff Costs (excludkng Fundraising) Governance costs 43,665 1,825,918 ,869,583 2,163,072 84,906 42,027 126,933 111.205 4,129,162 18,180 4,129,162 3,763,768 18,180 15,120 43.665 6.058,166 6.143.858 6,053.165 Page 28

The Chaseley Trust Notes to the Financial Statements for the Year Ended 31 December 2024 Unrestricted funds De$ignAted General Restri¢ted funds. Total 2024 Total 2023 Tickets, subscriptions and neNvorking Event COSIS Medical supplies Catering CasBar Housekeeping supplies, bedding and linen PPE contingency supplies Activities Therapies supplies Agency costs Recruirmenl fees Uniforms and protective clothin8 DBS costs Oiher siaff costs Siarr training and developmenl Premises costs Repairs and maintenance Phones and IT Printing, postage and ststioncry R¢sidents expenses and travel Lease hirt costs 10,284 1,667 44,265 125,382 11,875 10,284 1,667 44,265 125,430 11,875 10,565 838 41,349 116,105 9,456 48 38,577 4,773 4,708 1,790 804,770 25,475 38,577 4,773 11,202 2,160 804,770 2S,475 34,418 10,894 8.042 1.458 943,690 35,871 3,494 370 2.000 1.292 2.271 22.314 307,294 183,894 94,971 2,000 1,292 8,956 22,314 307,294 216,962 94,971 4,582 1.300 51,680 22,756 399,786 159,963 91,532 6,685 33,068 7.437 2,889 8,640 4,829 52,186 102 3,665 5,033 4,708 16,147 4,297 1.986 28,806 (I,Jii) 84,90S 7,437 2,889 8,640 4,829 52,186 102 3,665 5,033 4,708 16,147 4,297 1,986 28,806 (1,311) 126,932 8,140 1,539 8,640 997 42,718 50 4,753 4,523 11,755 48,774 58,096 1,912 26,890 Equipm¢nt hirc costs Cleaning and wa5re disposal Trustee expenses Motor expense. Travel and subsistence Advertising Legal and profes5ioDal fees Bad debts written off BaDk and credit charg¢s L¢asing payments Sundry expense5 D#pr¢Liation of fixed assets Staff cogts (excludLng fundraising) Siaff loan ￿rItten off Goverance cost$ 42,027 111,205 4,129,162 (1,097) 18,180 6,058,166 4,129,162 (1,097) 18,180 3.763,768 15,120 43,665 42,027 6,143,858 6,053,165 Page 29

The Chaseley Trust Notes to the Financial Statements for the Year Ended 31 December 2024 9 Analysis of governance amd support costs Governance costs Unrestricted fundi General Tolal 2024 Total 202J Audjl fees Audit of the finaJ)¢ial sLitements Non-JuJit feeb 13.180 5,000 13,180 5,000 11,520 3.600 18.180 18,180 15,120 10 Trusteey remuneration And expenses No tTusiees, nor any persons connected with them. have received any remuneration from the charity during the year (2023 - £Nil). During the year ended 31 December 2024, no expciisc5 were rcimbuiscd or paid directly 10 a trustev (2023 - £50 lo I Irusl¢el, I I Staff costs The a88regate payroll costs were as follows.. 2024 2023 Staff co$t$ during the year were: Wages and salaries Social secwity co8tS Pension cosls Othcr staff co818 3,703,859 345,525 101,186 21.682 3,363,099 300,218 104,271 16,603 4.172,252 3.784.191 Th¢ monthly av¢rag¢ numb¢r of p¢rsons (including senior manag¢m¢nt / l¢ad¢rship t¢am) ¢mploy¢d by IIK chariry during the year expressed as full time equivalents was as follows: 2024 2023 Provision of servi¢es 130 129 Page 30

The Chaseley Trust Notes to the Financial Statements for the Year Ended 31 December 2024 The number of employees whose emoluments fell wiihin the following bands was.. 2024 No £80,001- £90,000 The key management personnel of the Company comprise the Trustees and the Senior ManagemeDt Team as listed on page l. The total amount of employee benetits received by key management personnel for their services to the Company was £130,965 (2023 - £154,529). Nursing posls are in short supply boib lucally and nalionally, wiib the resuli Lbal Trustees ofrer rales of pay higher on Ih05e offered by similar serviLes elsewhere by the Nursing/Carc Homes along thc South Coast. Tru.stcc8 considcr thi8 rate of pay essential as the carc offcrcd is for thoqc with hi8h depcndcncy nced$ And priorities nursin¥ as an essential elerneDI of each care package. All nursing staff are regislered with NMC and all stsff are enhanced level DBS checked prior ro commencing employnenl, 12 Penslon hnd other s¢hemei The charity operate5 J defined contribution pension scheme. The pension cost charge for Ihe year rcpresnls conrributiong payable by the charily 10 the scheme and amounted to £1 01,186 (2023 - £104,271). 13 Taxation The charity is a regislera charity and is therefore exempt from corporation tax. Page 31

The Chaseley Trust Notes to the Financial Statements for the Year Ended 31 December 2024 14 Tinglble fixed ass¢ts Land and buildings Furnltyre and equipment Motor vehicles Equipment Total Cost At l January 2024 Addilions Disposals 3,229,267 177,857 26,896 24,715 234,850 87.303 3,666,689 114,199 Al 31 December 2024 3,221,628 24,715 322,15J 3,773,248 Depreclatlon At l January 2024 Chdrge for the year Eliminated on disposals 1,350,835 76,947 I12,521 23,260 16,178 3,243 158.683 69,990 1,638,217 173,440 2,240 (2,240) At 31 December 2024 1,425,542 135,781 19,421 228,673 ,809,417 Net book value Ai 31 December 2024 1,796,086 93,480 1,963 831 Al 31 December 2023 1,878,432 8,537 76,167 2 028,472 Included in land aud buildings is freehold land at valuation of £1,250,0￿ (2023 - £1,250,000). Freehold property was valued by the Trusiees ai 31 March 1995 on the basis of reiaiDed records and insurance values. A subsequeni valuaiion in 20 l6 valued the property at £3,500.1)00. All of ihe tangible assets are used for direct charitable purposes. IS Debto 2024 2023 Tradc d¢bioTS Prepayments Accrned income Other debtors 661,352 55,221 117.534 17,138 693,248 61,354 76,839 851.245 853,768 Page 32

The Chaseley Trust Notes to the Financlal Statements for the Year Ended 31 December 2024 16 Cash and Cash equlvalents 2024 2023 Cash on hand Cash at ballk Short-temi deposits 1,751 1,248,561 966 503 775.060 1,251,278 775,563 17 Credltors.. amounts falllng due wlthin one year 2024 2023 Trade creditors Other loatts Oiher laxalion and social SeCUTity VAT granl repayable Oiher creditors Accruals Deferred income 144,951 131,180 1,097 l37,061 157,839 294.956 56,666 141,702 2S3,866 127,290 113,196 796114 763,694 18 Obll8atlons under leases Ind htrt purcha$¢ contracts Operating lease eommitments Totsl future mijumum lease payments under noD-¢ancellable operatijjg lease5 ar¢ as follows.. 2024 2023 Other WiltLin one yehr Between one aDd five years 11,655 40.857 29,813 56,940 52,512 86.753 The operating l¢ase rental payments for the year cnded 31 Dec¢mb¢r 2024 have bcen rccognised as an expense in ihe Stat¢m¢nt of Financial Activities totslling £28,806 (2023 £26,890). Page 33

The Chaseley Trust Notes to the Financlal Stat¢ments for the Year Ended 31 December 2024 A9 Funds BAlante at 31 December 2024 Bal#nc¢ at 1 Janu&ry 2024 Incomlng rcsources Resources expended Transfers Unre8trl¢ted fund8 Genep41 General fimds 905,910 6,525,449 (6,107,291) 346,555 1,670,623 Deslgntttsd Designaied funds 95.870 43,665 95.870 Total unrvstrl¢ted funds 1.001.780 6.569,113 6,150,956 346,556 1,766,493 Restrieled funds Lottery Funding The Chasel¢y Trust- 1090579 The Ch#sel¢y Trust- 211714 Diamond Jubilec App¢o1 Fund The Soldiers, Chttriry (Amiy Benevolent Fund) Queen Mary's Roehamplon Trust Core Services Funding Bathroom Refurbishment Funding RestriLted Donations 40.854 40,854 75,907 1,164,279 (4,352) (15,2JO) (44,984) (81,566) 26,571 1,067,483 262,549 (18.299) (85,885) 158.365 117,018 (4,146) (112,872) 21,249 162,897 (21,249) 162,897 16,557 31,020 16,557 31,020 Total restrlcted fund5 1,892,330 42,027 346,556 ,503,747 Total funds 2,894,110 6,569,113 6,192,983 3,270,240 Page 34

The Chaseley Trust Notes to the Financial Statements for the Year Ended 31 December 2024 BalaDee al 31 December 2023 Bglydnce at I January 2023 Incoming resources Resources expended Transfers Unrestrieted funds GenerAI General funds 969,435 5,981,594 (6.044.039) (1,080) 905,910 De.signaled Designated funds 95,870 95.870 Tot41 unrestrleled funds I,065,305 5981594 6.044.039 1,001,780 Reslricled Lottery Funding The Chaseley Trust- 1090579 Th¢ Chaseley Trust- 2 11714 Diamond Jubilee Appeal Fund The Soldiers, Chariry (Amiy Benevolent fund) Queen Mary's Roeliamplon Trust Corc Scrvicos Funding Bathroom Refurbishment Funding East Sussex Council F und Holistic Therapy Room Restricted Donations 40,854 40,854 75.907 1,164,279 75,907 1.164.279 262,549 262,549 117,018 117,018 25,225 162,897 20,000 (23,976) 21,249 162,897 16,557 16,557 1,080 5,7113 35 333 (2,160) (5.783) 4.313 1,080 31.020 I'ot¥l restricted (und$ 1,865,286 36,232 1,080 1,892,330 Total funds 2,930.591 6 043,790 (6,080,271 2,894,110 The spe¢ifi¢ purposes for which funds arc to be appli¢d dr¢ as follows.. UDr¢stricted funds are applied to the 8¢n¢ral work of the Charity to support activili¢s. Designated funds arc applicd sp¢cifically lo projects of thc Charity. in 2024 this included building rnaint¢nance of £29,348. Reslricled ￿ndS are applied specifically in accordance with the rules of each gTanl. Transfers between thds has been made this year lo correct th¢ alloGation of restri¢ted fund Telated depTe¢ialion on building improvement5 recorded as unrestricted expenditure since 2018. Page 35

The Cha5eley Trust Notes to the Financlal Statements for the Year Ended 31 Decemb¢r 2024 20 Analysls of net assets between funds Unrestricted funds General Total funds xt 31 December 2024 Restricted funds Tangible fixed assets Current assctS Currenr liabililics 734,039 1,828,568 796,114) 1,229.792 273,955 1.963,831 2,102.523 796,114) Tolal nel assels 1766 493 1,503,747 3,270.240 Unrestrlcted funds CenerAI Total funds At 31 December 2023 Restrlcted fund$ Tangible fixed assets Curreol assets Current liabilities 383,486 1,381,988 763.694 1,644,987 247,343 2,028,473 1,629,331 763,694 Tolal nel assets 1,001,780 1,892,330 2,894.110 21 AnAlysls of net funds At31 December 2024 At l Janu4ry Flnanelng elsh 2024 Ilows Cash al bank and in hand 775.563 475.715 1.251.278 Net debt 775.563 475.715 1,251,278 A131 December 2023 Al l January Financlng cash 2023 llows Cash al bank and in hand 710,653 64,910 775,563 Nel debi 710,653 64,9lO 775,563 22 FITh Anclal Instruments As described in the Trustees, Report, all the a55et5, liabilities and activities of The Chaseley Trust (charity no 211714) othei than the property and related liabilities and fLmds were transferred (o Illl's entity, a new charitsble company (a company limited by guarantee and not having a share capital - charfftty no 1090579, company no 4344486}. on l April 2002. Page 36

The Chaseley Trust Notes to the Financial Statements for the Year Ended 31 December 2024 23 Related party transaetlons Donatlolls from Tru$tee$ Totsl 2mouTht of donations received in aggregate without conditions from tn]stees in tbe year was £ 110 (2023 -£Nil). Ai the balaDce sheet da￿ the amount due tolfrom Donations from Tnlstees was £Nil (2023 - £Nil). 24 Commitments As part of ongoing building maintenance and improvement works, Thc Chaseley Trust had contracled works totallin8 £55,430 as al 31 DeLember 2024, to be carried out in 2025. Of this amount, £46,281 rclates to the replacement of the old sash windows. Page 37