The Great Cross Trust Annual Meeting November 4" 2025 held at the RAOB Club Grasmere Present: D Dodgson, E Footit, P Hetherington, S Dixon, D Dixon Apologies: S Hardisty EF welcomed Rachel Bagshaw our new contact at GSC Grays RB gave her report. All rents are up to date. The matter of some missed payments has been resolved. There is a further rent rise planned in January and RB will write to tenants. There has been some new legislation re tenants, rights. The main effect on us will be that rent may only be increased once a year and at some point we wiill need to register with the Private Sector Database. All properties have current safety certificates and have had their chimneys swept( where applicable) Repairs are almost complete and anticipated to be finished in the near future.. New porches have been installed on Nos l and 2. We will need to improve energy efficiency in some properties in the future. Insurance quote is expected in December. RB will carry out an inspection to familiarise herself with the properties. Potential Development RB 11 have an informal discussion with the LDNP to get initial reaction. If their response is favourable we will commence discussions with an architect. GSC Grays can do a lot of the project management if necessary. Financial Report Currently we have £17,000 in the current account and £129,000 in the deposit account which represents a growth in £30,000 in funds. The investment is valued at £192,000 which represents a growth of 10 % over the year. It was decided to leave funds as they were until we resolved the new development project. Officers SH was re-elected as chairman and EF as Secretary. 3 Chance Cottages Some concern still exists about incidents at this property. Should there be any further incidents RB will write to emphasise the conditions of tenancies. Grass Cutting This has been carried out satisfactorily. THE GREAT CROSSTRUST STATEMENT OF FINANCIALAcllviTIES FOR THE YEAR fNDED 310ECEMBER 2025 Total Funds 2025 Total Funds 2024 %er 2025 Funts Ithe from cottages 57546 57546 49.712 57546 57.546 49.712 Att ¥rder ik an¢ building 5rxiety interest 1,427 1.427 1,039 58.973 58,973 50,751 the -4 agents, fee5 aThJ light .TE and renewals Mainte￿anCe 9283 9.283 6.461 11234 2.4 2￿70 633 11,234 2,495 2,870 633 17.141 i.￿0 2595 627 3cokkeepin8 Accounts and Indep￿dent eXaMinat￿n Itryestment a(Iw"sorfee 2.460 *ould 29.821 29,821 30.194 29,152 29.152 20557 19249 19.249 13,104 48,401 48,401 33,661 •EurnTwtion ofFund&' -*1 Funds brought forward 293,754 i.W.082 1.377.836 1.344.175 ¢arried 342.155 1.084.082 1,426,237 1.377.836 e K*ement of finarKial attNtties i￿l￿deS all gains and105se5 reco8nised in theyear. ronslbllltles and b*4sof rewt As the trustee's of thecharity you are resp1￿51b1eftsrthe p￿parat￿)n of theftnancial statements in accordance TrwP requirements ofthe Charit(es Act 20111.the ALf). I rewrt in respettof myexamination of the ch￿ty,5finantlal statements carried out L*nder section 145 of the 2011 and In carrying out my examination I have folk)wed all the applKable Direction5 given bythe Charity cornmissi￿ 4 sett•)n 14515llbl of the ALt I have cOmpl￿e￿ rny examinaiion. I confirm that material matters have cometo my attention in connection with examination giving me ouse to belie¥ethat in any material respect.. l. accounting record5were r￿t kept in resp￿ of the charity as required by section 130 of the Act.. or 2. the financial staterner￿ (k* not &cord with those records,. or 3. thefinancial 5tstements do notcomply with the applkable requirements concerning thefomi and content of accounts set out in the CharitFe5 (Accourrts and Reportsl Regulations 20(B otherthan any requirement that * counts yve a'true and faie view which is not a matterconsidered as part of an independent examination I have no concerns and have come across no other mattets in connect￿n with the examlnatlon to whlch attention %* bedrdwn in this report in orderto enaNea proper understanding of the accounts to be reached. lan T￿Mpson IICAEWI Saint & Co Chartered Accountsnts & Regis￿￿￿ Audiwrs The Old Police Ststion Church Street Ambleside Cumbria LA22 OBT . Date P4el