2025-03-31-accounts

Registered Charity Number.. 1103731 Registered Company Number= 05092710 United st Saviour's Charity Southwark Trustees Report and Financial Statements United St Saviour's Charity st For the Year Ended 31 March 2025

United St Saviour's Charity For the year ended 31 March 2025 Contents Page Reference and administrative details of the charity...................... Trustees, Report...... . ...................................................................... Independent Auditor's Report To The Members of United St Saviour's Charity........... 17 Statement of Financial Activities ......... 21 Balance Sheet...... 22 Statement of Cash Flows,,,. .23 Notes to the Accounts.....,.,.........,.. .24

United St Saviour's Charity For the year ended 31 March 2025 Reference and administrative details of the charity Reg istered Charity Number.. 1103731 Registered Company Number.. 05092710 United St Saviourfs Charity also incorporates Hopton's Charity, Reg Charity no.1103731-2, Regulator of Social Housing no. A2837 Helen Peele Memorial Almshouse, Reg Charity no. 1103731-3, Regulator of Social Housing no. A0379 Trustees Stephen Bums (Chair and Trustee to resignation on 25th July 2025) Shane Holland Benjamin Johnson (Chair from 26th July 2025} Izabela Szmidt Kathryn Ogunbona <DO￿ath) Dwight Pile-Gray Cindy Glover Princess Bemard Rebecca Towers Jill McGregor Stephen McDonald Rebecca Canning (appointed 9th December 2024) Executive Staff Team Martyn Craddock, Chief ExecLrtive Sarah Thumian, Head of Community Investment (resigned 28th February 2025} Jude Leighton, Head of Housing Alison Benzimra, Head of Research and Influence William Cole, Director of Programmes, One Southwark Barbara Reichwein, Head of Community Investment (appointed 22nd April 2025) Registered Office 16 Crucifix Lane. London SE13JW Independent Auditor Moore Kingston Smith. 9 Appold Street, London EC2A 2AP Bankers HSBC UK Bank Pl¢, 28 Borough High St￿et, Southwark, London, SE1 1YBUnity Trust Bank PO Box 7193. Planetary Rd, Wllenhall, VW1 9DG Solicitors stone King LLP, 13 Queen Square, Bath BA12HJ Clyde & Co LLP, St Botolph Building, 138 Houndsditch, London EC3A 7AR Healys LLP, Atrium Court, 15-17 Jockey's Fields, London, WC1R 4QR Winckworth Sherwood LLP. Arbor, 255 Blackfriars Rd, London SE19AX Shakespeare Martineau LLP, Bridgeway House, Bridgeway, Stratford Upon Avon CV37 6YX Invesknent Managers and Property Advisors Investec Wealth & Investment, 30 Gresham Street, London EC2V 7QN CCLA Investment Management Limited, One Angel Lane. London EC4R 3AB Knight Frank, 33 GLrtter Lane, London EC2V 8AS Colliers Intemational, 95 Wigmore Street, London W1U 1FF Chartes Parish & Co, 29a High St, West Wickham, BR4 OLP Field and Sons, 54 Borough High St. London SE1 1XL

United St Saviour's Charity For the year ended 31 March 2025 Trustees, Report United St Saviourfs Charity For the year ended 31 March 2025 Our Place in Southwark United St. Saviour's Charity is a charity with a vision for a united and thriving Southwark wth strorg, inclusive, and equal communities. From the year our charity was founded in 1541, we have support￿1 people and communities in Southwark. We are an important part of the local social and economic infrastructure of the London Borough of Southwark and the largest grant-making charity that funds only wthin Southwark. WoTking in the same place over a long time enables us to understand its dynamics. We can keep pace with the Challenges, needs and opportunities for communities caused by the ongoing evolution, transfomation and regeneration in Southwark. Our role helps ensure that the voluntary sector and the communities which are unsettled and at risk of being outpaced by the changes, remain part of Southwark's future. We foster strong, well-seNed and equal communities through our grant-making and a5$0ciated activittes. Through our community investment team, we help to build strong communities, tackle social needs and take advantage of opportunities lo drive positive change. We specifically support young people throuJh our One Southwarf( programme. We provide social housing for older people of limited means in our three almshouses, wth 139 dwellings in total. Hopton's almshouse, built in 1752, is in Bankside. St Saviour's Court, originally endowed by Thomas Cure in 1584, now stands in Pudey. Our newest almshouse Appleby Blue, provides a further 57 homes right in the heart of Southwark. During 2024, we tookcontrol of Helen Peele Memorial Almshouses in Rotherhithe. We are committed to leaming and improvement and sharing our kno￿edge and experience widely. Our recent entry into the worfd of research and influence is a key part of ensuring our work has real impact. The Custodianship and curation of our historic properties in Borough Market sustains our respect8J position in the rich tapestry of Southwark. Our Vision A united and thriving Southwark with strong, inclusive and equal communities Legal Objects, Strategy and Current Activities The legal objects of the Charity are the relief to persons in need resident in our area of benef it by providir accommodation and by such other means as the trustees think fit. Our area of benefit is the London Borough of Southwark and such of the surrounding area as the tnjstees may detemine. Trustees set the strategy for the organisation, and a Copy of the strateg 1¢ plan is publicised on the charity's website. The charity currently meets its objects through its main activities of provid ing almshouse accommodation, and grants and non-financial support to organisations. We underpin this through research and leaming activities to infom our own practices and inf luence other organisations. The charity owns a number of valuable commercial investment properties which provide close to a third of annual income. Maintaining these buildings, many of them historic and listed, and managing tenants is also a major activity of the charity.

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) Almshouses United St Saviourfs Charity has provided accommodation for Southwark residents sin¢e the 16th century. Our almshouses provide high quality, affordable and independent accommodation for residents of Southwark over the age of 60 who are in need. We offer a secure home, in an environment which combines independent living wth enhanced elements of community activity and personal support Residents pay a weekly maintenance contribution, usually covered in full by housing benefit. We have been building more almshouses, designed to respond to a growing and ageing population wth different needs and expectations that much sheltered so¢ial housing stock fails to meet. We will continue to build locally, allowng more Southwark peoplethe option to remain in the area they know and feel part of. Our vision is to make our new almshouses part of their community wth activities and spaces forthat encourage everyone to mix. We intend to be pioneering in what we do in our communal spaces and through using research and shared leaming, we hope to become an influential voice in the olderpersors housing sector. Communit Investments and One Southwa Our Cl Programme involves grant-making and a range of related activities thich build community cohesion, reduce inequalities and enhance lo¢al seNices. We support, strengthen and build partnerships within the community sector and work closely with other funders, businesses and public agencies to maximise our impact. Grants are provided to charities, social enterprises and community groups. We also deliver a programme supporting Southwark young persons through our One Southwarf( programme. This pioneering work provides life transfomiing opportunities and support to young people, through building networks and connections, social and business, to help them f ulf il their own stated potential. Research and Influence We are committed to offering best practices to the people we Work with. The charity's research and influencing team partners wth academic and non-academic researchers to understand and leam ftom at we do, deliver robust evidence ofwhat is most effective and best value. Wewill sharethis with others in the sector and help inf luence better practices elsewhere. Our historic pubs, shops and residential properties in Borough Market and beyond, produce a growtYJ proportion of our income forour community investment and almshouse objectives. We also recognise their historic importance in Southwark. and the role they play in making Borough Market the attractive destinalion it has become. We take our responsibility to look after these properties f or present and f uture charity benef iciaries very seriously and are active in maintaining the buildings and sustaining positive relationships with our tenants, neig hbouring landowners and the local council. Activities during the Financial Year: Community Investments and One Southwarf( rant-makin Polic nd Pra ice We award grants to groups whose work advances our Community Investment (Cl) aims. We operate 3 grants programmes: small grants (up to £5,000). large grants (over £5,000), and strategic grants thich are invitation-only. We also run collaborative grants programmes when the need and opportunity arise. Our priorities respond to important local issues and population groups and our themes are- 'Positwe Ageing'thich seeks to reduce isolationand increase wellbeing amongstolderresident5, 'Strong, Resilient Communities, which builds strong and inclusive communities, and 'Levelling the Playing Field, to promote equality in this very unequal borough. We also recognise the power dynamics of being a funder and the responsibilities that this brings so we put as much effort and thought into how we fund as much as what we fund. We were a founder member of the InstitLrte of Voluntary Action Research (IVAR) 'Open and Trusting Funderf initiative and have adopted all its principles to make life easier f or applicants and f unded partners.

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) Grant Makin and Related Activities in the Year In 2024-25, the size of our overall Community Inveslment programme was £1,610,277 of thich £385,372 covered staff and other costs. £1,224,905 was a￿arded in grants over the ¢ourse of the year. A further £31,333 was spent on our 'funder plus, activities to build the organisational strength and financia resilience of important local partners. Grants Awarded Thanks to the contribution from the City Bridge Foundation, we awarded 17 large and 67 small grants in 2024-25. 2 strategi¢ grants were also awarded. Lar eGra Large grants (totalling £727,312) were awarded to Copplestone Centre, Indoamerican Refugee and Migrant Organisation, Blackfriars Settlement, Pembroke House, Burgess Sports, Groundwork London, South London Gallery, Bounce Legacy CIC. Step Now Global CIC, The Wells Trust, Southwark Diocesan Welcare, Camaval del Pueblo Association, Peckham Soup Kitchen, London Community BoxirvJ, Southwark Black Parents Forum, The Advocacy Academy and Future Men. Small Grant 67 small grants Itotalling £122,503 were awarded to local groups. 28 were f or projects benef iting yourKJ people and f amilies, 17 for older people, 6 specif ically f or migrants and ref ugees, and 16 community events. Strate ic Grants and Initiatives Voluntary and Community Sector (VCS) Premises and Policy Officer. A £61,852 grant was provid￿ to Community Southwarf( in response to a 2024 VCS pilot project, based on findings from the 2023 'State of the Sectorf SUTvey, ￿lch identified premises as a key challenge for charities in Southwarf(. A new officer role created in 2024, with the support of Uniled St Saviourfs and Southwark Council, is funded for a further two years to increase access to, and supply of, affordable space for the VCS through a matchmaking service and influencing local govemment and developers to increase supply. Southwart Foodbank Advice Pmject. A £100,000 grant was provided, enabling Citizens AdvKe Southwark to deliver targeted adviGe on debt, income maximisation, housing and benefits, to people experiencing food insecurity through outreach sessions at partner premises and by ￿ferra1 from partners. The partners wll comprise emergency food providers in Southwark, including the Borough Food Cooperative. Community Fridge at the Albrighton Centre, Spring Community Hub, Paxton Green Time Bank, Queensborough Community Centre and Redeemed Assemblies. How We Fund Community Investment Review. A strategic review of our community investment programme was initiated in May 2024. This involved a listening eXe￿ISe ￿th partners and stakeholders, staff ref leCt￿)r on successes and challenges, and workshops with trustees. Feedback from stakeholders and partners is that we are present and locally kno￿edgeab1e, embedd8J, influential, flexible and supportive of the VCS in Southwark. Based on requests and suggestions, we wll chart the future direction of travel for our Community Investment programme as part of the organisation's next 10-year strategic plan. We do not foresee radical changes, but plan to reinforce our role as an enabler, connector and influencer wthin the local eco-system. Promoting Equality in grant4naking. In the last few years, we have made a concerted effort to reach and support groups led and run by Black and BAME groups in Southwark. as all the research says that they tend to stTuggle to secure funding. As a result. we are really pleased that 550A of o ur open access grants were awarded to Black and BAME-led groups.

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) Open and Trusting Grant-making. As noted, we continued to work with the IVAR on a national campaign to make funders more accountable to, and supportive of, the charity sector. In line with these principles, a quarter of our large grants were awarded as unrestricted- providing important core. flexible funding for local organisations. One Southwark With core funding from the City Bridge Foundation and contributions from local businesses, One Southwark seeks to harness local assets and push for changes in systems and behaviours to level the playing field for young people. In 2023, the cohort of 21 young people completed their second year of support which included grants, mentoring, training, and work placement opportunities. The One Southwark Asset Ne￿Ork reached 140, comprising of both local businesses and individuals offering to provide advice. support and work opportunities for the cohort of young people. Many of them benefitted significantly from these connections over the course of the year. In April 2024, a new cohort of 20 young people were recruited and are receiving the same package of support. The next phase of the programme will involve identification of barriers to progress for (under-represented) young people around 3 key areas= employment, mental wellbeing and housing. Itwill then start influencing the practice and behaviours of those businesses and organisations who could make a positive (and long term) difference by removing those barriers. Activities during the financial year: Almshouses The activities of the housing team during this financial year were focussed on the bedding in of the new team at Appleby Blue and the alignment of services across the almshouses to ensure consistence and quality. With a strategic focus on the wellbeing of residents. the Resident Support Team introduced a full programme of Outcome Star assessments of all the individual residents living in Appleby Blue Almshouse. This assessment gave the team the opportuntyto really getto know residents, ensure that all their support needs were being met and helped them to obtain information which infomied the development of our community and resident activity programmes. By visiting each resident at regular intervals. the team were able to obtain baseline information about the medical. social and economic needs of residents as well as observe their living environments and ability to manage their homes. This data has provided a useful insight into the wellbeing of individual residents but has also been used to demonstrate a joumey of change, evidencing where the support provided by the housing team has enhanced or improved the circumstances of residents. Following a successful pilot at Appleby BlueAlmshouse, the outcome star measurement tool is now being rolled out at the other almshouses. The Charity delivered a comprehensive programme of resident activities and trips at all the almshouses. Appleby Blue residents further benefitted from an extensive programme of community activities delivered in the Community Centre. Activities arranged directly by the housing team included birthday socials, various exercise classes, coffee mornings, afternoon teas, festivals, themed parties, cinema trips and coach trips.

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) Helen Peele Memorial Almshouses In November 2024, the Helen Peele Memorial Almshouses in Lower Road, Rotherhithe were transfe￿ed to United St Saviourfs Charity. They had previously been run by their trustees and managed by The Trust Partnership. These seven cottages We￿ brought under the management of the Appleby team, o have developed good working relationships wth each of the residents living here. Since this transfer, the Charity has completed a programme of improvement WOTks including re-landscaping and garden improvements, full extemal decorations, some electrical upgrades and boiler replacements there reqUi￿d. Perfomance da The Charity commissioned an independent Resident Survey at the end of 2024, which was published at the start of 2025. The f ind ings of this survey are complaint wth the requirements of the Regulator for Social Housing. This is required at Hopton's Gardens and Helen Peele memorial Almshouses ￿1¢h are both RPS. A total of 79 residents responded and the findings are summarised below. Code Resident Satisfaction Data Result TP01 TP02 rall satisfaction Satisfattion with repairs 95% 96% TP03 Satisfaction with time taken to complete most recent repair 92% Satisfaction that the horne is well maintained 91% TP05 Satisfaction that the horne is safe 94% TP06 Satisfaction that the landlord listens to tenant iews and acts upon them 92% TP07 Satisfaction that the landlord keeps tenants informed about things that matter to them Agreement that the landlord treats tenants fairly and with respect 92¥0 TP08 94% TP09 Satisfaction with the landlord's approachto handling complaints 56% TP10 Satisfaction that the landlord keeps communal areas clean and well maintained 95% TP11 Satisfaction that the landlord makes a positive contribution to neighbourhoods Satisfartion with the landlord's approach to handling anti-social behawour 96% TP12 87Y. Other Perfornian￿ Data Homes that do not meet the Decent Homes Standard RP01 RP02 Repairs completed within target timescale Gas safety checks Fire safety checks Asbestos safety checks Water safety checks ft safety checks 100% BS01 100% BS02 100% BS03 100% BS04 100% BS05 100%

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) Voids t7nd WMC Performance The total number of properties becoming void in the almshouses during the year was 6. This represents 4.4 % of this stock. The voids were mainly one bedroom properties, five of which were at St Saviourfs Court, none at Hopton's Gardens or Helen Peele and one at Appleby Blue. The average void tumaround time was 56 days. A new partnership wth Southwark's Homeless persons Unit unlocked some new nominations for St Saviourfs Court in Purfey. This included the nomination of some Ukrainian refugees have integrated well into our community. The collection rates of Weekly Maintenance Contributions remained high throughout year at 96.20/0 With the majority of residents maintaining clear accounts. Where a￿earS have occurred, they have usually related to residents in receipt of Universal Credit and experiencing delays to their housing element payments. Managing Communities The Charity has noticed a decrease in anti-social behaviour during this financial year. This may be partly attributed to the introduction of new Community Agreements, thich were developed at each almshouse in conjunction with the residents. All residents were invited to attend workshops and contribute to the agreeing the USTSC values, which sit alongside the Letters of Appointment and Resident handbooks for all new residents. Values are the foundation on thich the community agreements are based. They also came out of the discussions in workshops wth residents and staff. These values are shared by all the United St Saviourfs Charity's almshouses. Welcoming & approachable.. We build trusting relationships by being friendly, welcoming and neighboudy. Safe & Caring." We show care for others wthin shared spaces and make our places feel safe. Respeclful.. We show equal t￿atrnent to everyone. Belonging.. We support everyone to feel at home and comfortable to be themselves. Quality of communication.. We provide ¢onsistent and clear communication that respects people's d iff erences. Shared responsibilitr. We create community together. Almshouse Property worts A programme of planned maintenance was successfully completed during the year. We were able to complete some essential capital wot1(s projects in both the almshouses, ensuring that our homes are ff(, safe and comfortable for current and future residents. The condition and quality of the almshouses remains of utmost importance to the charity, and we have continued to invest in these valuable assets for the benef it of our benef iciaries. Works during the year included a major refurbishment of the lounge, office and communal kitchen at St Saviourfs Court and the upgrade of the telecare and entryGom system at Hopton's. The charity continues to have development aspirations and has actively explored other potential sites for new almshouses. We maintain good w)Tking relationships wth the Local Authority and developers in Southwark to seek out suitable opportunities.

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) Activities durin the financial ear: Research and Influence As a leaming organisation, research and influenGe played a key role during the year. The successf opening of Appleby Blue in 2023 laid the foundation f or several research collaborations and initiatives targeted at influencing wider housing and ageing practice and policy. In May 2024, Lord Best officiaty opened Appleby Blue. The event was attended by local and national practitioners and policymakers, with the VIP guests being the Appleby Blue residents. In November 2024, we published the Appleby Blue.. One Year On report, which detailed the insights and leamings from the first year of being open. The LEMONADE project, in partnership wth Boumemouth University, was a community-based food model for over-60s. This mixed-method research project collected a combination of quantitative health and nutrition data wth qualitative inteNiews and photovoice. The research participants were Appleby BILE residents and older people living in the sumunding community. Co-production was key to the suc¢ess of the project, wth participants playing a Genlral role as advisors in the Community Engagement Group and infoming the activity programme. The research project also involved an advisory group of profesSio￿S from thefood and charity sectors. The LEMONADE toolkit was a key output of the project and provid g uide f or organisations looking to ¢o-produ¢e similar community-f ood model projects. We continued to support academic research into ageing and design. OLsr researcher-in-residence studios enabled in-depth ethnographic studies of lif e at Appleby Blue. A PhD student stayed at Appleby Blue for several weeks and conducted research into how residents a￿anged and personalised their new homes. We also hosted student leaming days, giving architecture students the opportunity to engage wth the building's design in use. We worked closely with Southwark Council supporting their Older Persons Housing Strategy and we joined the steering group to provide input into Southwark becoming a Worfd Health Organisation age- friendly borough. The scheme attracted signif icant attention f orits innovative design, resident support model, and integrated community kitchen and centre. We welcomed a broad range of visitors throughout the year, includirvJ local authorities. housing providers, architectural praGtices, and intemational delegations f rom Singapore and Scandinavia. In January 2025, we partnered with the National Housing Federation's Older Persor Housing Group and the Abbeyfield Society to host a Policymaker Roadshow at Appleby Blue. Attendees included representatives from Homes England, the GLA, MHCLG, DHSC, and other housing provide￿. ProfessorJulienne Meyer, Chair of the govemment's Older Persons Housing Taskforce, presented the Taskforce's recommendations during the event. Members of our leadership team presented our work at various conferences including Housing 2024, Property Week, UKREiiF, and the British Society of Gerontology. We continued to sponsorthe Housir LIN, there Appleby Blue showcased through HAPPI Hour presentations. We were invited to provide evidence to the All-Party Padiamentary Group on Housing and Care forold People and Appleby Bluewas highlighted as a best practice Case study in the Regeneration of Sheltera Housing report. To further contributeto public dialogue. we launched our Autumn Lecture Series. The three-part series of panel discussions focused on age-inclusive design, place-making and community-based food projects. Appleby Blue was also recognised with several awards. These included The Developerfs Pineapple Award for Best Building and Inside Housing Award for Best Retirement Development. Most notable was winning the Housing Design Award for HAPPI Principles and Wnner of Winners, ￿lch was presenled by Minister of Housing Matthew Pennycook. io

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) These achievements reflected the impact of Appleby Blue as a catalyst for research, kno￿edge exchange, and policy engagement. Through our collaborations, events, and national presence, we slrengthened our position as a leaming organisation committed to shaping the f uture of housing and ageing. By fostering partnerships wth academic institutions, policymakers, and practitioners, we active contributed to the evidence base f or better housing in later lif e surrounded by supportive and thrivir communities. The insights generated from our projects infomied design practices, seNice models, and policy discussions across the sector. Governance Structures and Key Information Structure, governance and management CopO￿te Stmctu United St Saviour's Charity is a company limited by guarantee (5092710) and a registered charity (1103731). The Charity's Scheme and Company Articles of Association were updated in July 2020. The company is the cotporatetrustee of United Sl Saviour's Endowment Charity (reg charity 1103731-1) which holds the pemianent endO￿nent. Hopton's Charity (1103731-2) registerÈd providerof social housiro ro. A2837} and Helen Peele Memorial Almshouses (1103731-3) Reg provider No. A0379. The directots of the company effectively act as charity trustees and are known as trustees. The Charity Commission has issued a uniting direction for the Charities. Trustees appointed prior to July 2018 serve for a maximum of three terns of three years. Although the new Articles of Associationallowsomeflexibility, Trustees appointed since July 2018 now seNe two tems of f ouryears, wth a possibility of an extra year. Trustees are usually expected to live or work in Southwark at the time of being appointed. The Chair and Deputy Chair is elected for 3 years and may seNe 6 years. Govemance Stmctu The Board Consists of a minimum of three and a maximum of twelve Trustees which meet fouror mo times a year. There are two committees of the Board: Community Investment Committee and Finance. Investmenls and Audit Committee. Each Committee meets fourtimes per year. Working groups are also fomed occasionally to deal wtth specific matters such as the new almshouse, and research and inf luencing matters. Trustee5 review strategy and priorities of the Charity at their meetings, taking into account community investments, almshouse management and building development prog rammes, research activities, investments and risk management. An annual strategy meeting is normally held by Trustees to plan priorities. The Trustees considerthe Board of Trustees, the Chief Executive and the executive team as comprisiro the key management personnel of the Charity. The day-to-day management and control of the Charity delegated to the Chief Executive. Trustees are required to disclose all relevant interests annually and register them with the Chief Executive and in a¢cordan¢e with the Trust's policy wthdraw from decisions Whe￿ a Conflict of interest arises. Trustees also sign a code of conduct agreement annually. Tnlstee trdining, recwitment, and remuneration Trustees reg ulady review the skills and perspectives f elt essential to govem the Gharity eff eGtively aTh undertake regular training. New Trustees are recruited through agencies, by word of mouth and public advertisement, and participate in an induction programme organised by the Chief Executive. During the year, the Board appointed onetrustee from the Helen Peele almshouse charity upon taking ¢ontrol of trE charity. All Trustees give their time f reely and no Trustee remuneration was paid in the year. li

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) History The charily today is modem and forward-looking, proud of our roots, but not restrained by them. The charity traces its eadiest roots back to the f ifteenth century. It was f inally incorporated under a charter of Henry Vlll as the Corporation of Wardens of the Parish of Stsaviour. Southwark, to manage parish affaitS and local charities. Our archives are vast and mostly held in the National Archive at Kew, or London Metropolitan Archive. Vestiges of our past are preserved in the ancient Warden titles still g iven to each of our Trustees e.g. Warden of the Great Account, Bell Warden, Renter Warden. We also hold an annual service at Southwark Cathedral to celebrate the lives of ouroriginal benefactors, including Thomas Cure MP, the founderof OLr f irst almshouses in 1588. Staff remunerdtion Staff salaries were independently evaluated in 2024, and levels were set in line ￿th an agreed policy. Staff salaries are typically increased in line with cost of living each year, subject to aff ordability. The Chief Executive received total emoluments (salary and pension payments) of £122,984 in the financial year. Equality, Diversity and Inclusion Working in Southwark, the trustees and staff of United St Saviourfs Charity recognise that our diverse borough has one of London's largest population of Black and other minority ethnic cilizens. The charity responds to the real injustices faced by these co mmunities and has made a number of ¢ommitments to change the way we work. Much of ourwork today is deliberately positioned to meet these commitments. ilst these commitments largely f ocus on tackling racism, the charity continues to add ress discrimination in all its f oms, in particular that experienced by the LGB TQ+ and older population in Southwark. Inclusion fomis part of our core values. We are committed to reflecting. celebrating and Ghampioning Ihe diversty of Southwark. We strive to create equal access and opportunity forthe most disadvantaged groups to achieve a better Southwark for everyone. Membership bodies and partnerships The Charity is a member of NCVO as well as the grant makers. umbrella body the Association of Charitable Foundations. We are also a member of London Funders, a group of investors and grant making organisations in London's civil society. We also worf( closely wth other g rant making trusts in Southwark and attend the Southwark Funders, meetings. In respect of our almshouse provision, the Charity is a member of the Almshouses Association. Staff attend meetings and receive updates from the Housing Leaming and Improvement Networf(. We are also members of the g320 group of small London housing associations, the Charities Property Group, and EROSH. Within Southwath, we are pleased to take an active part in many networf(s, community assemblies and neighbourhood meetings, and maintain a strong relationship wth Southwark Council. We retain a Glose relationship to our historic parish responsibilities and remain active in the Borough Marf(et Environs Group, ich helps ensure that the character of the a￿a is not hamied by developments and changes and influences the shape of new developments. Public Benefit Trustees have referred to the Charity Commission's general guidance on public benefit including its guidance 'Public benef it.. Tunning a charity {PB2)' to ensure that activities meet the requirements. Risk miligation Trustees review the major risks faced by the Charity twice yearfy. Trustees have examined key controls over financial and operational systems and other business risks which the Charity faces and confim tha systems are in place to mitigate the significant risks. The Charity's risk register addresses operationa risk, f inancial risk, and reputational risk, ￿1¢h Could arise through, f or example, f raud or ineff ective grant making. 12

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) The principal risks that the Trustees have identified are reputational, operational, and financial. The inability to house our older residents in our almshouses, either temporarily or longer-temi, as a result of disaster, health and safety f allure or f ire etc., is mitigated through control systems and insurance. The charity has appointed an extemal Health and Safety consultant as Responsible Person. Most of the almshouse residents are considered vulnerable person5, and this brings risk of an adu saf eguard ing f allure. This is mitigated through control systems such as saf eg uarding procedures and staff training. The charity appointed an extemal Safeguarding consultant during the year foradvice and support. The charity's financial position may be impacted by a downtum in central London commercial rents and a signif icant cost-over run on a major capital project. Exceptionally high rates of inf lation seen in recent years could create signif icant cost pressures on maintaining the almshouses and investment properti and recruiting and relaining high q uality staff. Strong f inancial systems, reg ular reviews of the long-term cash and f inancial projections, prof essional management and extemal advice mitigate this. The charity took on a £5.5m debt with Lloyds Bank in 2020, using a fixed Inte￿$t rate 25-year mortgag& The commercial investment properties provide loan security. Default on loan covenants is Considered a low risk. The trustees aCknO￿edge that although the community investment grants funding is importarrt to the local voluntary sector in the area of benef it, there is no legal obligation to maintain this f unding aThJ the funds could be diverted towards loan commitments if necessary. Financial review Followng 2 years of rapid gr0￿h in tumover and assets, the charity had a relatively stable year. Total assets grew by 0.8°/o to £66.1m {2024= £65.6m}, and unrestri¢ted funds grew by 1.70/0 to £17.8m (2024= £17.5m). Cash and cash equivalent holdings reduced by 2.70A but were still at high levels of £5.6m, due to holding the first tranche of Red Lion Court 2024 disposal proceeds (£3m). The charity remains in strong f inancial health. Total in¢ome reached £4.19m {2024 £4.10m). Income from charitable activities increased by 32.5% year on year, mostly due to the effect of a full yeals income from residents at Appleby Blue. The fI￿t residents moved in during July 2023, and full occupancy took almost 6 months. Rental income from investment properties grew to £1.8m (2024- £1.7m). Income from listed investments fell by 8.70/0 to £0.34m as the continued eff ect of investing in lower yielding global equities was f elt. Total expenditure increased to £4.19m 12024= £3.79m), with expenditure on charitable activity increasing to ref lect the f ull years cost of running Appleby Blue almshouse. Total supportcosts of £547k (2024= £357k) included some exceptional professional fees related to the first yearfs management of Appleby Blue. Community Investment grants were less than in prior years as grants ￿CeIVed to distribute on behalf of others were fully expended. The level of grant-making using the charity's own funds stayed the same year on year. Total net investment gains were £509k (2024 £9.3m) ref lecting typical listed investment gains in a year. 13

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) Reserves policy The Tnjstees review the reserves policy annually. Trustees have maintained their risk-based approach to setting the appropriate level of unrestricted reseNes. Having considered the signif icant risks the charity is exposed to- Trustees consider that £2.5m is a pNdent level of general reserves equating to approximately 8 months of budgeted un￿stricted fund expenditure in a typical year. The current level of free reserves is £4.76m from a total of £17.79m in the Unrestricted Fund (Total Unrestricted Funds (Note 25a) less Tangible Fixed Assets (Unrestricted)) 1.03.2025 31.03.2024 Total Unrestricted Funds not designated- General Funds (Note 25a) 14,224,980 12,254,849 Less.. Tangible Fixed Assets (Note 26a) Investment Property (Note 181 less bomwrngs against investment property (Note 23) (7,369,799) (8,678,500) (2,099,067) (1,734,929) Total f ree Liquid reserves £4,756,114 £1,841,420 Tawet level of free ￿seNeS £2,500,000 Q,481,802 The charity's reserves levels are theref ore abovetarget, in the main due lo the decisionto undesignating sinking fund at the Pudey almshouse in 2024. The charity is entering a new strategi¢ planning period and will be reviewing its reserve levels and f o￿ard expenditure plans. Designatsd Funds The charity holds a number of designated funds wthin the unrestricted fund. Almshouse properties maintain and hold reserves (combined value £411 k) f orf uture capital expenditure requirements thich have been highlighted in a suNeyorfs quinquennial reports. Trustees have agreed a level of designated fund which must always be held in order to meet unforeseen costs at the almshouses. A designated f und (value £155,515) is held to build up adequate f unds to maintain and ref urbish the investment properties. The charity had historically held a £5m designated fund towards the future development of new almshouse. This has been held to give trustees f lexibility in deciding whether the charity should take out loan finance or sell investments in order to meet the £5m cost of the new Appleby Blue almshouse at Southwark Park Road in 2023, and any future almshouse development opportunities. The donation of £2.3m from the Mary Feilding Guild in 2023 meant that the charity undesignated £2m from this fu￿1, leaving £3m for future almshouse development opportunities. A Sinking Fund had been established to provide forthe building of St Saviouvs Court at the end of its useful life. This was removed during the year as the building is kept in good Condition, maintained by capital expenditure reserves. Investment policy and performance The overall objectives are to create sufficient income and Capital gr0￿h to enable the Charity lo cary OLrt its purposes consistently year by year with due and proper consideration f or f uture needs and the maintenance of. and if possible, enhancement ofthevalue ofthe invested fundswhile they are retained. The investment manager has a discretionary mandate to generate total retums which balance income and capital g ro￿h, whilst taking a medium to high-risk appetite ref lecting the perpetual time-horizon of the charity. The asset allocation is broadly 750fi equity to 25 % fixed income. 14

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) In 2024. the trustees agreed wth the investment managels recommendation to transition the charity's listed investments towards a global equity focus. This would enable the manager to meet the responsible investment requirements but would reduce the income yield to below 2.5%. Upon the advice of the investment manager, tNstees approve a minimum target level of income each year which represents approximately 2.2 % yield and considered a sustainable distribLrtion level. The trustees set an annual budget which assumes a further 0.750h to 1°/0 income yield but manage this notional income f rom the charity's overall positive cashf lows. The trustees have therefore not f elt the need to adopt a 'Total Retum Approach, but wll continue lo monitor the impact this will have on the total value of unrestricted fund. Some of the un￿StriCted fund Capital and all the income may be used at any time for the furtherance of the Charity's aims. The investment portfolio is managed on a discretionary basis by Rathbones who provide quartedy perfofftance reports to the Finance, Investments and Audit Committeeforreview. The Charity has been satisfied with the manageff s performance in 2024125. The Charity's investment properties in Southwark provide a significant part of the Charity's income. They include fourpubs, nine retail shop units, fouroffices. twelve flats and two houses. Many of these properties are historic properties built on land bequeathed to the Charity in the 16th Century. The Trustees use a range of expert valuers and lettings agents to advise them. Responsible Investment Policy The Trustees adopted a new Responsible Investment Policy in 2022. The charity favours investments in areas that demonstrate respect forthe planet, respect for people and good corporate govemance. Our investment principles wll align with the UN Sustainable Development Goals, and in particular SDG 3 (Good Health and Wellbeing). SDG7 (Affordable Clean energy, SDG 9 (Industry, infrastructure and innovation), SDG11 (Sustainable Cities and communities), and SDG13 (Climate Action). We will avoKI businesses that are either unsustainable or seek to exploit vulnerable people and start to d isinvest frDm Companies that are not taking seriously their responsibilities to assist wth the tpnsition to a low carbon economy. We wll continue to exclude companies involved in amiaments, gambling, high pressure lending and tobacco. Our investment managers will be a signatory to the UN Principles for Responsible Investment and the UK Stewardship Code and wll be supportive of our objectives and help to raise corporate standards through shareholder engagement and active stewardship. The Trustees monitor the perfomiance of the investment manager against these criteria by scrutinising reports and face-to- face meetings. FUTURE PLANS The charity will publish its new strategic plan in Autumn 2025. After10 years of major transfornalion and gr0￿h, with the significant achievement of Appleby Blue. Trustees have set a direction to build on these suc¢e5ses and continue a growth trajectory over the next 10 years. We intend to develop more almshouses in Southwark wth a target of 500 homes in total. The strategic review of our community investments has shown that our place in SouthwaTk as a funder of community groups is increasingly important. Trustees have set a direction to growthe impact of o grantmaking. To meet our long-temi strateg ic goals, the charity f irstly has to review at its intemal capacities to deliver them. The Trustees wll therefore be Garying out a review of its operational, finance and staffi stTUCtures. to ensure it can meet their ambitions.

United St Saviour's Charity For the year ended 31 March 2025 Trustees Report (continued) STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (tho are the directors of United St Saviourfs Charity forthe purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accept￿1 Accounting Practice). Company law requires the Trustees to prepare financial stalements foreach financial year, thich give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, of the ¢haritable company for the year. In preparing these f inancial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently, observe the methods and principles in the Charities SORP, make judgements and estimates that are reasonable and prudent, state whether applicable UK Accounting Standards have been followed, subject to any material departure5 disclosed and explained in the f inancial statements, prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company wll continue in operation. The Trustees are responsible forkeeping adequate accounting records that disclose with reasonable accuracy at any time the f inancial position of the charilable company and enable them to ensure that the financial statements comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the ¢haritable company and hen¢e for taking reasonable steps for the detection and prevention of f raud and other itTeg ularities. In so f ar as the Trustees are awa￿.. there is no relevant audit infomiation of ￿lch the charitable company's auditor is una￿are., and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infomation and to establish that the auditor is aware of that inf omation. The Trustees are responsible for the maintenance and integrity of the corporate and financial inf ormation included on the charitable company's website. Leg islation in the United Kingdom govemirKJ the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. AUDITORS Moore Kingston Smith have indicated their willingness to continue in off ice and offerthemselves for re- appointment as such, under Section 485 of the Companies Act 2006. PREPARATION OF THE REPORT This report has been prepared taking advantage of the small companies exception of section 415A of the Companies Act 2006. It was approved and authorised forissue bythe Trustees on 29th Septsmber 2025 and signed on its behalf by.. Chair of the Board of Trustees 29th September 2025 16

United St Saviour's Charity Forthe year ended 31 March 2025 Independent Auditor's Report To The Members of United St Saviour's Charity Opinion We have audited the financial statements of United St Saviourfs Charity ('the company,) forthe year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the f inancial statements, includ ing signif icant accounting policies. The f inancial reporting f ramework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the f inancial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been propedy prepared in accordance with United Kingdom Generally Accept Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS {UK)l and applicable law. Our responsibilities under those standards are further described in the Auditorfs Responsibilities f or the audit of the f inan¢ial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of t f inancial statements in the UK. including the FRC'S Ethical Standard. and we have f ulf illed our other ethical responsibilities in accordance wth these requirements. We believe that the audit evidence we have obtained is suff icient and appropriate to provide a basis f or our opinion. Conclusions relating to going ¢on¢ern In auditing the f inancial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the f inancial statements is appropriate. Based on the WOTk we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significanl doubt on the charitable company's ability to continue as a going concem fora period of at least twelve months from when the f inancial statements are authorised f or issue. Our responsibilities and the responsibilities of the trustees wth respect to going concem are des¢rib in the relevant sections of this report. Other information The other infomiation Comprises the infomiation included in the annual ￿pOrt, other than the financial statements and our auditorfs report thereon. The tnjstees are responsible for the other information contained within the annual report. Our opinion on the f inancial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other infomiation and. in doing so, consider whether the other inf omation is materially inconsistent with the f inanGial Statements or our kno￿edge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a matertal misstatement in the financial statements themselves. If, based on the work we have perfom6J, 17

United St Saviour's Charity For the year ended 31 March 2025 Independent auditor's report to United St Saviour's Charity (continued) we ¢on¢lude that there is a material misstatement of this other infoTmation, we are required to report that f a¢t. We have nothing to report in this regard. Opinions on other matterys prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the inf ormation given in the trustees. annual report for the f inancial year f or thich the f inancial statements are prepared is consistent with the f inancial statements.. and the trustees, annual report have been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knO￿edge and understanding of the company and its environment obtained in the course of the audit, we have not identif led material misstatements in the trustees, annual report. We have nothing to report in respect of the following matters there the Companies Act 2006 requires us to report to you if, in our opinion- adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement wth the accounting records and retums., or certain d isclosures of trustees, remuneration specif led by law are not made-, we have not received all the infornation and explanations we require for our audit. the trustees were not entitled to prepare the f inancial statements in accordance with the small ompanies regime and take advantage of the small companies exemption in preparing the trustees. annual report and from preparing a strategic report. Responsibilities of trustses As explained more f ully in the trustees, responsibilities statement set out on page 16, the trustees (who are also the directors of the charitable company forthe purpose5 of company law) are responsible for the preparation of the f inancial statements and f or being satisf led that they give a true and f air view, and forsuch intemal control as the trustees determine is necessary to enable the preparation of f inancia statements that are f ree from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to goiro concem and using the going concem basis of accounting unless the trustees either intend to liq uidate the charitable company or to Cease operations, or have no realistic altemative but to do so. Auditor's Responsibllltles for the audlt of the financlal statements Our objectives are lo obtain reasonable assurance about ￿ether the financial statements as a whole are freefrom material misstatement, whether due to fraud orerror, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a g uarantee that an audit conducted in accordancewith ISAS (UK) will always detect a material misstatement when it exists. Misstatements Can arise f rom f raud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these f inancial statements. 18

United St Saviour's Charity Forthe year ended 31 March 2025 Independent auditor's report to United St Saviour's Charity (continued) As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain professional scepticism throughout the audil. We also.. Identify and assess the risks of material misstatement of the f inancial stalements, whether due to fraud or error, design and perfom audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basi s for our opinion. The risk of not detecting a material misstatement resulting f rom f raud is higher than f or one resulting f rom error, as f pud may involve collusion, forgery, intentional omissions, misrepresentations, or the ovemde of intemal control. Obtain an understanding of intemal control relevant to the audit in order to design audit procedures that are appropriate in the Circumstances, bLrt not forthe purposes of expressirg an opinion on the effectiveness of the charitable company's intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and ￿lated disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concem basis of accountirYJ and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concem. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorfs report to the related d isclosures in the f inancial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditions may cause the charitable company to cease to continue as a going ¢oncem. Evaluate the overall presentation, structure and content of the f inancial statements, includ ing the disclosures, and whether the f inancial statements represent the underfying transactions and events in a manner that achieves f air presentation. We communicate wth those charged with govemance regarding, among other matters, the planned scope and timing of the audit and signif icant audit f indings, including any signif icant deficiencies in intemal control that we identify d uring our audit. Explanation as to what extent the audit was considered capable of detecting Irregularities, including fraud Irregularities, including f raud, are instances of non<omplianGe with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to whiGh our procedures are ¢apable of detectirYJ irregularities. including f raud is detailed below. The objectives of our audit in respect of fraud, are., to identify and assess the risks of material misstatement of the f inancial statements due to f raud,. to obtain suf f icient appropriate aud it evidence regarding the assessed risks of material misslatement due to fraud, through designing and implementing appropriate responsesto thoseassessed risks,. and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged wth govemance of the charitable company. 19

United St Saviour's Charity For the year ended 31 March 2025 Independent auditor's report to United St Saviour's Charity (continued) Our approach was as follows.. We obtained an underslanding of the legal and regulatory requirements applicable to the charitable company and considered that the most significant are Ithe Companies Act 2006, the Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Councill We obtained an understanding of how the charitable company complies with these requirements by discussions wth management and those charged with govemanGe. We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions wth management and those charged wth govemance. We inquired of management and those Charged wth govemance as to any kno￿ instances of non-compliance or suspected non¥compliance wth laws and regulations. Based on this understanding, we designed specific appropriate audit procedures to identrfy instances of non-compliance wth laws and regulations. This included making enquiries of management and those charged with govemance and obtaining additional corroborative evidence as req uired. There are inherent limitations in the audit procedures described above. We are less likely to beconE aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement d ue to f raud is higher than the risk of not detecting one resulting f rom error, as f raud may involve deliberate concealment by, f or example, f orgery or intentional misrepresentations, or through Collusion. Use of our report This report is made solely to the ¢haritable company's members, as a body, in accordancewth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those Matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent pemitted by law, we do not accept or assume responsibility to any party other than the Charitable company and charitable company's members as a body, for our audit work, for this report, or for the opinions we have fomied. J_A LL* Neil Finlayson (Senior Statutory Aud itor) forand on behalf of Moore Kingston Smith LLP. Statutory Auditor 6th Floor 9 Appold Street London EC2A 2AP Date 28 October 2025 20

Statement of Financial Activities United St Saviour's Charity For the year ended 31 March 2025 Statement of Financial Activities Unrestrfcted Funds Restrlcted Endowment Funds Funds Notes 2025 {£1 2024 (£1 Statement of Financial Activities Income and endowmentsfrom.. Donations and Legacies Investments 7.178 345.908 353.086 715,734 2.364.329 6,581 2.370.910 2,111.146 Charitable Activities 1.349.164 66.661 1.415,825 1,C68,130 Other 27.102 20.563 47.665 207.728 Total 3,747,773 439,713 4,187,486 4,102,738 Expenditure on: Raising Funds Charitable 350.330 34,328 384.658 459,420 3.218.969 487.346 103.747 3.810.062 3.333,873 Total 3,569.299 487,346 138.075 4.194.720 3.793,293 Nel gainslllossesl on Investments 98.114 3.978 407.224 S09,316 9.253.193 Net In¢omellExpenditure} 276,588 {43,6551 269,149 502,082 9.562,638 Transfers befv￿en Funds 18,249 118.2491 Net movement in funds 294,837 {61,9041 269,149 502,082 9,562,638 Reconciliation of Funds Total Funds al 3 April 17,497,196 408.783 47.718,914 65.624.893 56.C62.255 Current year earnings 294,837 161,9041 269.149 502.082 9.562,638 Total Funds at 31 March 17.792,033 346.879 47,988,063 66,126,975 65.624.893 All activities relate lo continuing operations. The Statement of Financial Activities includes all gains and 50sses reeognised during the year. The notes on pages 2410 42 form part oflhese financial statements. 21

Balance Sheet Company Number: 05092710 United St Saviour's Charity For the year ended 31 March 2025 Notes 2025 2024 Balance Sheet Flxed Assets: Tangible assets 15 15,004.465 15,174,094 Investments 16 47,426,735 46,982.408 Total Fixed Assets: 62,431,200 62,156,502 Current assets.. Debtors 19 478.259 486,119 Cash atbank and in hand 21 5,498,844 5,589,567 Total Current ass9ts: 5.977,103 6.075.886 Cred itors.. Amounts falling due within one year 22 {1,641,259} 11,709,548) Net Current Assets 4.335,844 4,366,138 Debtors= Amounts falling due over one year 20 4,000.000 4.000.000 Total Assets less Current Llabllltles 70,767.044 70.522,640 Cred itors.. Amounlsfalling due after more than one year 23 14.640,0691 {4,897,7481 Total Net Assets 66.126.975 65.624.892 The funds ofthe charity- Endowment funds 25 47,988.C63 47,718,914 Reslricled income funds 25 346.879 408.783 Unreslricled funds 25 17,792.033 17.497.196 Total funds of the charity.. 66,126,975 65.624,893 Thefinaneial stalenEnls wereapproved and authorised forissue by IheTruslees on 29 September 2025 antj signed on their behalf by.. Benjami Johnson Kathryn Ogunbona Chair of the Board of Trustees Chair of Finance. Investments and Audit Committee The notes on pages 24 to 42 form part oflhese financial statements 22

Statement of Cash Flows United St Saviour's Charity For the year ended 31 March 2025 Notes 2025 2024 {£) Cash flow from operating activities Net cash flow fiom operating activities (see below) 12.190,3751 1650,542} Cash flow from investing activities Dividends, interest and rents from investment$ Purchase of tangible assets Proceeds from sale of other investments 2.429.242 178.4461 2,129,240 15,449,971) 6,996,177 {2,275,9301 15 17 4,086.954 14,086.0871 Purchase of other investments 17 2 351663 1399516 Cashflow from financing activltles Repayments of borrowing Interest paid 1166.2971 1149.8361 1160,6451 1155,4821 316.133 316 127 Change in cash and cash equivalonts in the year 1154,8451 432,847 Cash and cash equivalents brought forward 5,734.703 5,301,856 Cash and cash equivalents carrled forward 21 5,579,858 5.734.703 2025 i£} 2024 (£1 Reconclllation of net movement in funds to net cash flow from operating activltles Net income for the year as per Stslemenl of Financial Activities Adjuslmenl for: Depreci81ion Charges Amortisation of eapilal grant Finance Charges IGainsllL055es on investments Dividends. interest and rents from investments Loss on d isposal of fixed assets {In¢re8selldeerease in debtors Increaselldecrease) in creditors 502.082 9.562.636 247,367 (1,3261 149.835 1509,3161 12.370,910} 710 212.668 11.326) 155.487 19.255.196) 12.111.146) 595 {50.472) (158,345) 418,103 367,637 Net cash used In operating activitie5 2190375 23

Notes to the Accounts (Continued) United St Saviour's Charity For the year ended 31 March 2025 Notes to the Accounts 1. Accounting Policies General Information and basis of preparation United St. Saviouvs Charity is a charitable company registered in England & Wales {Registered Qffi¢e'.16 Cru¢ifix Lane, London, SE1 8JW). The company number is 05092710. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. The nature of the Charity's operations and prin¢ipal activities are the relief in need to persons resident in the area of benef it by providing a¢¢ommodation and such other means as the tNstees think fit. The Charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparlng their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102} including update bulletin 2, {SORP (FRS102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on a going con¢em basis under the historical cost convention, modif led to include certain ilems at f air value. The f inancial statements are prepared in sterting which is the f unctional currency of the Charity and rounded to the nearest pound. The signif icant accounting polices applied in the preparation of these accounts are set out below. These policies have been consistently applied to all years unless otheNse stated. Funds General f unds are unrestricted f unds which are available f or the use at the d iscretion of the Trustees in furtherance of the general objectives of the Chaiity and which have not been designated for other purposes. Designated Funds Comprise unrestricted f unds that have been set aside by the truslees for particular purposes. The aim and use of each designated fund is set out in note 25. Restricted funds are funds ￿lch are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purpose5. The Cost of raising and administering such funds are charged against the specifi¢ f und. The aim of eaGh restricted f und is set out in note 25. Endowment funds represent those assets thich must be held pemanently by the Charity. Income arising on the endowment can be used in accordance with the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investment5 form part of the fund. Investment management charges and legal advice relating to the f und are Charged against the f und. 1.3 Income All income is included in the Statement of Financial Activities when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income wll be received. For donations to be recognised, the Charity wll have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of perfornance before entitlement Can be obtained, then the income is deferred until those cond itions are f ully rnet or the f ulf ilment of those conditions is wthin the control of the Charity and it is probable that they will be f ulf illed. 24

Notes to the Accounts (continued) United St Saviour's Charity For the year ended 31 March 2025 Investment income is eamed through holding assets for investment purposes such as shares and property. It includes dividends, interest, and rent. Vthere it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy, the investrnent income is reported net of these costs. It is included when the amount ¢an be measured reliably. Interest income, dividend and rent income is recognised as the charity's rig ht to receive payment is established. Interest on funds held on deposit is included when receivable and when the amount can be measured reliably by the Charity., this is nomially upon notif ication of the interest paid or payable by the bank. Expenditure All expend iture is accounted f or on an accruals basis and has been Classif led under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constru¢live obligalion to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured liably. It is categorised under the f ollowing headings. Costs of raising funds include investment management costs & the dI￿¢t costs of managing the Charity's inveslment properties. Expenditure on charitable activities includes all costs incurred on f urthering the objects of the Charity., and Other expenditure represents those items not falling into the categories above. Irrecovepble VAT is charged as an expense against the activity for which expenditure arose. Grants payable to third parties are within charitable objectives. ￿ere unconditional grants are off ered, this is accrued as soon as the recipient is notif led o f the grant, as this gives rise to a reasonable expectalion that the recipient wll receive the grants. Where grants are conditional relating the perfomiance then the grant is only accrued when any unf ulf illed conditions are outside of the control of the charity. Support Costs Support costs are those that assist the work of the Charity but do not directly represent charitable activities and include office costs and govemance costs. They are incurred directly in support of expenditure on the objects of the chatity. Where support costs cannot be d irectly attributed to particular headings. they have been allocated to activities on the ba515 of staff involved in activities. (See note 10.) 25

Notes to the Accounts (continued) United St Saviour's Charity Forthe year ended 31 March 2025 Tangible Fixed Assets All assets costing more than £500 are capitalised Tangible f ixed assets are stated at cost less a¢¢umulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible f ixed assets, at rates calculated to write of f the cost, less their estimated residual value, of ea¢h asset on a systematic basis over its usef ul life as f ollows. Freehold Property 30 - 70 years Freehold Property - Helen Peele Memorial Almshouses 15-50years Freehold Property - Helen Peele Memorial Almshouses Fixtures and Fittings 4- 20 years Leasehold properties 100 years being the anticipated usef ul life of the asset. Fixtures and f ittings 10-20 years from the date the assets are f irst put to use Office Equipment - SoftWdre depreciated over lif e of the licence Office Equipment - Other Office Equipment 3 years (Freehold land is not depreciated) Social Housing Grant - Helen Peele Memorial Almshouses Social Housing Grant (SHG) is a Capital grant made to The Helen Peele Memorial Almshouses charity towards the cost of acquiring, building or major alterations to housing properties. The SHG was received from the Housing Corporation. The SHG is included in creditors- amounts falling due wtthin one year and amounts falling due after more than one year on the Balance Sheet. It is amortised annually to the Statement of Financial Activities over the expected usef ul lif e of the assets to which it relates. The accumulated amortised grant represents a contingent liability that may materialise when the relevant property to which the amortised grant relates to ceases to be used forsocial housing purposes, usually due to disposal of the housing asset. Social Housing Grant - Hopton's Almshouse The total Social Housing grant to help finance the refurbishment costs of the Hopton's Almshouse amounted to £455,077. The Social Housing Grant is repayable under Certain Gircumstances; primarily following the sale of a property but wll nornally be restricted to the net proceeds of the sale. (Note 30) 1.7 Investment properties Investment properties are measured at fair value at each reporting date wth changes in fair value recognised in 'Net gainsl(losses) on Investments in the Statement of Financial Activities. 26

Notes to the Accounts (continued) United St Saviourfs Charity For the year ended 31 March 2025 1.7 Investments Investments are a f omi of basic f inancial instrument and are initially recog nised at their transaction value and subsequently measured at their f air value using the closing quoted market price. All gains and losses are taken to the Statement of Financial Activities as they arise. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throug hout the year. As investments are revalued to f air value continuously, no realised gains or losses arise. Debtors and ¢￿dItorS receivablelpayable Debtor receivables are recognised at amortised cost less any provision f or bad debt. A provision f or bad debts is established ￿en there is objective evidence that the debtor cannot be collected according to the original temis. All expenditure is accounted for on an accruals basis. Creditors are recognised when the Charity has present legal or constructive obligation resulting f rom a past event to make a payment to a third party, it is probable that settlement will be req uired and the amourrt due to settle the obligation can be measured or estimated reliably. 1.9 Cash and cash equivalents Cash and Cash equivalents include cash at bank and in hand and short term deposits with an original maturity date of three months or less and investments capable of immediate cash realisation. Investments capable of immediate cash realisation are included in Listed Investments (f ixed assets) in the balance sheet. Financial Instruments 1.10 The Charity only has f inancial assets and f inancial liabilities of a kind that qualify as basic f inancial instruments. Basic f inancial instruments are initially re¢ognised at transaction value and subsequently measured at their settlement value wth the exception of bank loans which are subsequently measured at amortised cost using effective interest method. 1.11 Tax The Charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. 1.12 Leases Rent payable under operating leases, where substantially all the risks and rewards of ownership remain wth the lessor, are charged to the statement of f inancial activities in a straight-line basis over the minimum lease tenn including any lease incentives ￿CeIved. Rental income f rom operating leases is recog nised on a straight-line basis over the term of the relevant lease. 1.13 Employee Benefits Employee Benefits The costs of short-tem employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. 27

Notes to the Accounts (continued) United St Saviour's Charity Forthe yearended 31 March 2025 Temination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benef its. Retirement Benefits The Charity operates a money purchase scheme as described in more detail in note 28. Although contributions are variable as described in the note, the Charity is unable to identify its share of the underlying assets and liabilities of the scheme, and it is theref ore accounted f or as if it were a defined Gontribution scheme. 1.14 Going Concern The financial statements have been prepared on a going concem basis which assumes the charitable company will continue in operational existence for the foreseeable f uture. The trustees have considered the level of funds held and the expected level of income and expenditure for a period of at least 12 months from the date of authorising these financial statements. The charity has taken steps to review the f inancial budget for 2026127 and Trustees regularly review cashf low forecasts and at present the trustees are satisf led that the Gharity remains a going concem. Judgements and key sources of estimation uncertainty The following judgements have been made in the process of applying the above accounting policies that have had the most signif icant effect on amounts recognised in the f inancial statements. Depreciation rates f or tangible f ixed assets Valuation of investment properties. 1.15 The properties are included at valuation. These are considered to be critical accounting estimates in view of the amounts involved and the judgements applied in their valuation. Valuation of pension def icit liability The above also represent the key sources of estimation uncertainty. 2. Related Party Transactions There were no relale¢J party transactions duiing the year {2024'. Nil) Unrestricted Restrict Endowment 2025 2024 (£1 1£) (£1 {£) 1£) 3. Income from Donations and Legacies Grants Received 1.850 5.328 341,093 4.814 342,943 705,295 10,440 Donations 10,142 Total Income from Donations and Legacies 7.178 345,907 353.085 715,735 Unrestricted Restrlctwj Endowmont 2025 2024 1£) {£1 1£) 1£) {£1 4. Income from Investments Rents and other income receivable from investment properties Income receivable from Listed Investments 1.799,981 1,799,981 1,682,653 338.545 225,e03 5.628 953 344,173 377,235 51.258 Interest receivable 226.756 2,370,910 Total Income from investments 2,364.329 6.581 2,111,146 28

Notes to the Accounts (continued) United St Saviour's Charity For the year ended 31 March 2025 Unrestrfcted Restr]ct Endowmgnt 2025 2024 {£) {£) (£1 1£) 1£) 5. Income from Charitsble Activities Almshouses residents maintenanco contributions and miscellaneous incorne 1,349,164 66.661 1,415,825 1,C68,130 Total Income from Charitsble Actlvltles 1.349.164 66.661 1.415,825 1,068.130 Unrestricted Restrictal Endowment 2025 2024 {É} (£1 {£1 6. Other Income Research Income 24,142 183,586 207.728 Miscellaneous income 20,563 20.563 47.665 47,665 Total Other In¢omo 27.102 Unrestricted Restricted Endowment 202S 2024 1£) (£1 (£1 1£> {Éi 7. Expenditure on Raising Funds - Investment Costs Investment Management Fees Direct costs of managing investment Properties Raising Funds employment costs Support and governance costs Total Expgnditure on Ralsing Funds - Investment Costs 30,399 257,645 48,163 14.123 350.330 34.328 64.727 257.645 48.163 14,123 384,658 62.392 340.187 45.355 11,486 4S9.420 34,328 Included in d irect costs of managing investment properties is interest on financial liabilities as follows 2025 1£) 2024 1£) Interest on financial liabilities measured al amortised ¢051.. Interest on bank loans 149,835 155,487 Unrestricted Restrlcted (£1 Endowment 1£) 2025 1£) 2024 1£) 1£) 8. Expenditure on Charitable Activities Grant Givlng Grants Payable Inole 11) Direct grant g iving employment costs Support costs Total Grant Givlng Direct Charitablg Artivitigs Direct Charitable Activity costs Charitable klivity employment costs SupportC05ts Total Dired Charitable Actlvltles Total Expendlture on Charftable Actlvitles 1.011.667 131,591 213,238 118,605 1,224,905 250.196 1.389,170 216,809 134.716 1.277,974 460 135,176 1,610,27T 109,555 1,715,534 332.303 985,002 582.266 373,727 1.940,995 121.457 9,321 24.265 155,044 103.747 1.210.2C6 591.587 497.992 2.199.786 942,125 439.740 233.474 1.618.339 103,747 3.218,969 487.346 103.747 3,810.062 3.333.873 29

Notes to the Accounts (continued) United St Saviour's Charity Forthe year ended 31 March 2025 Unr9Stricted Restricted Endowment 2025 {£1 2024 1£) 1£) (£1 {£1 9. Reconciliation of Grants Payable Grants payable al 1 April 948,424 948.424 645.849 GTanls awarded during the year Inole 11} Grants paid during the year Grants payable at 31 March 1,011,667 11,165,777) 794,314 213,238 {213,2381 1,224.905 1.389,170 11.379,0151 11,086,595) 794.314 948,424 Unrestricted Restricted Endowment 2025 2024 1£) {£) 1£) (£1 10. Support Costs Support costs (excluding govemance costs} Computer Expenses Other Office Expenses Communication, branding, annual reports Bank charges Irrecoverable VAT Staff costs Agency Staff Staff Travel Staff Benefits Train ing and recruilmenl Depreciation Total Support costs (excluding governance costs) 34.639 51.621 14,469 3.483 828 103.799 3,732 5.002 3,271 11,822 19,027 251.693 34.639 75,876 14.469 3.483 828 103.799 3.732 5,014 3,271 11,822 19,485 276.418 30.676 39.112 5,622 1,984 11.0841 97.836 24.255 12 325 1.810 19,627 17.373 213.281 458 24.725 Governance Costs Staff costs Auditor's remuneration Audit costs Accountancy fees Professional Fees Board meeting and governance expenses Total Governance Costs Total Support costs 39,308 29,308 23.228 175.961 3.069 270,874 522,567 39.308 29,308 23,228 175.961 3,069 270.874 547.292 36,931 26.532 17.920 61.729 1,122 144.234 357.515 24,725

Notes to the Accounts (continued) United St Saviour's Charity Forthe yearended 31 March 2025 11. Grants Pa able We award gr￿1$ lo groupswhosewotk adv&)ces our Communty Inveslment{Cll aims. We operate 3 grants programmes.. srnallgrsnls (up lo £S.000}. largegranls lover£5.0001, and strate31cgr￿ls whith are invitath)n-only. Wealso run collaboralivegra]Is prograny when the need and opportunity arise. Our priorities respcnd to important local issues and pop￿allOn groups and ourlhemes are. Positive Ageing. which seeks lo r￿1￿8 isolation and increase wellbeing amongst older residents, 'Slrong, Resilient CommunitEs' wh ich builds strong and incI￿Ne communities, and 'Levelling the Playing Field, lo promote equality in this very unequal borough. Un iled St Saviour's Charty awards grants lo charhs. communty group5 and non)rofrt organisalions that support peop￿ communities in our area of benefit. Finanaal and in4(ind support is also providedlo key local partners throug h a'Funder Plus programme which involves capacity building, train ing. and connecting. Grants Analysis Unrestricted Restricted Endowment 2025 2024 (£1 1£) {£1 {£1 Slralegic Grants Large Grants Medium Grants Health Granls One Soulhwark City Bridge Trust Small Grants lup lo £5,000) Appleby Blue Activities grants Total Grants Awarded 161,852 727,312 161.852 727.312 180,524 882.239 29.331 100.000 15.000 200.000 8.720 4,518 200.000 8.720 4.518 122,503 122,503 131.184 47.828 12249(b 1389 170 1011667 213.238 12. Trustees, and Key Management Personnel Remuneration and Expenses The lolal amount of employee benefits re￿iVed by key management personnel was £422.622 {2024.' £400,843). Pension contributions of £21,476 were paid on behalf of key management person nel12024.' £20,372) The charty consideTS ils key management person nel lo comprise the Iruslees. CEO, Head of Commun ity Inve51menls. Head of Housing and Head of Research and Influence and Director of Prog rammes (One Southwarkl. No Trustees {2024.' Nil) are accruing pension arrangements. The Trustees neither re¢eivgJ nor waived any remuneration during the year. {2024.' Nil} No travel expenses were paid to Trustees this year (2024.. Nil) 2025 2024 1£) 13. Net Incomel(Expenditure) for the year - is stated after charying Depreciation of tangible fixed assets Inote 151 247.368 205,547 Auditor's remuneration audit of financial information 30.498 25,453 Auditor'5 remuneration other services 1.635 821 2025 2024 31

Notes to the Accounts (continued) United St Saviour's Charity Forthe yearended 31 March 2025 {£1 (£1 14. Stsff Costs Wages and salaries 883.033 731.232 Social Security costs 89.371 74.342 Other pension Costs Inole 261 60.648 45,721 Total Staff Costs 1,033,053 851.295 The average number of employees during the year was 24.612024= 18.61 The number of employees who received employee benefits (excluding employer pension costsl for more than £60,000 is as follows- 2025 2024 In the band £60,000- £70,000 In the band £110,000- £120,000 15. Tangible Fixed Assets Long Leasehold and Frnehold Properties{£l Fixtures and Office Equlpment Fittings 1£) Totsl {£) Cost Al 1 April 2024 17.143,981 540,072 113,769 17.797.822 Additions Disposals Al 31 March 2025 Depreciation Al 1 Aoril 2024 Charge for the year Disposals Al 31 March 2025 Net Book Value 61.584 2,597 12.8211 539,848 14.265 78.446 12.821} 17,873.447 17,205,565 128,034 2,430,291 181.413 115,471 46,470 {2,1111 159,830 77,963 19,485 2.623.725 247,368 12,1111 2.868,982 2,611.704 97,448 At 31 March 2025 14,593.861 380,018 30,$86 15.004.465 At 1 Aprfl 2024 14,713.688 424,600 35.806 15.174,094 32

Notes to the Accounts (Continued) United St Saviour's Charity Forthe yearended 31 March 2025 Freehold properties above includes freehold land al a cost of £3,470.000 (all relating to St Saviours Courtl. There is no record of the orb3inal ¢ostof the Hoplon's Amshwse and IherefotE novaluehas been assKJned lo ils orwJinal co sl nor its related freeholtj land. The cost of the property relates lo refurbishment work since 1983. The charty holds further parcels of inactive land which are not valued and therefore not included in the financial slalemenls. TheApplebyBlue Almshouse is hekj by the chartyunder a 999year lease. Thevalue in the accounts consists of the development cost lo the charity. The cost is being depreciated over 100 years. There is no record of the orb3inal coslof the Hden Peele Memotial Ajmshouses and no value has been assigned lo its original cost. The Freehokl property value delailèj relate to improvements, some of which were funded by a social housing grant of £66.277. Cost of Freehold Propgrties St Saviour's Court. Purley 9,122,128 Hoplon's Almshouses, Soulhwark 851,160 DO 680.550 Functional Propety for useby charity - 2 floor. 16 Crucifix Lane Helen Peele ImpTovements 127,621 10,781459 Cost of Long Leasehold Properties Appleby Blue Almshouse 6,424,106 Unrestricted Restricted Endowment 2025 2024 (Éi {£) 1£) (£1 1£) 16. Fixed Asset Invesbnents Listed investments (including bank balance of a capitsl nature) Inole 17) 7,34S.035 68,309 8,294,285 15.707,629 15.852.747 Inveslmenl Property Inole 18) 6.675.411 25,043.695 31.719.106 31,129,661 Total Flxed Asset Investment5 14.020,446 fj8,309 33,337,980 47.426,735 46,982,408 Subsidiaries Hopton's Charity The Charity hokds the corporaletrusleeship of Hoplon'scharity. register8J charTty numter 1103731-2which hok15 IheHoplon's permanent endowment and is linked lo Ihe main charity. The Hoplon's endowment is shown separately in Note 24a. United St Saviour's Endowment Charity United StSavio￿s Charty is the CorpordleTruslee of United StSaviourfsEndowmenl Charty. registered charty number1103731-1, holds th8 Charity's permanent endowment. ond is linked to the main Charity. Helene Peele Memorfal Almshouses United Sl Saviour's Charity is linked lo the Helen Peele Memofial Almshouses charity. reg islered charity number 1103731-3 33

Notes to the Accounts (continued) United St Saviour's Charity Forthe year ended 31 March 2025 Unrestrlcted Restrfcted Endowm9nt 2025 2024 (Éi 1£) {£} 1£) (£1 17. Listed Investments At 1 April Additions Disposals Revaluations Total Listed Investments Listed investments capi(al account Inole 211 At 31 March 7,332,738 1.919,037 11,919,444) 139,5011 7,292,830 52,205 64,330 8.310,543 2.167,050 {2,167,5101 144,607} 8,265,476 28,809 15,707,611 4,086,087 14,086,954) 180.1291 15.626.615 81.014 16.397.382 2.275.930 14.111.441) 1.145.740 15.707.611 145.136 3,979 68,309 7.345.035 68.309 8,294,285 15.707.629 15.852.747 Unrestricted Restricted Endowmgrt (£1 1£) 2025 (£1 2024 1£> (£1 18. Investment Property Al 1 April 6,477,570 24,652,091 31,129.661 29.904,941 Additions Disposals 16,884,736) Realised & Unrealised gain At 31 March 197.841 6675411 391.604 589,445 8,109,456 25 043 695 31719 106 31129661 During 2024 the Charty dispos￿1 of a parcel of in-adNe land which had prevrously not been induded in the financial statements due lo inherent uncertainty aboLt ils valuation. The landdisposed ofhas been d￿Medl0 be partoflhe charity endowment and the pioceeds have IherefoFe been retainedwilhin IheendownEnl. Thesa￿ proceedswere recewed partly in 2024 with the remaining balance (see note 201 due lat the lalesll by 1, December 2027. Unrestricted Restricted Endovmient 2025 2024 1£) £1 (£1 19. Debtors Trade Debtors Other debtors Other prepayments and accrued income Total Debtor5 244.844 95,734 128,623 469,201 9,058 253,902 95,734 128,623 478,259 244,095 62,882 179,142 486.119 9.058 Unrestrict￿1 Restricted Endowment 2025 2024 (£1 1£) (£1 1£) 20. Debtors due In more than one year ther debtors (see note 18) Total Debtors 4,000.000 4,000,000 4.000,000 4,000,000 4,000,000 4,000.000 UnrgStri¢ted Restricted Endowment 2025 1£) 2024 1£) (£1 {£) {£} 21. Analysls of Cash and Cash Equivalents Cash albank and in hand Cash held in investrnenl portfolio and indLxl8J in the investment valuation (note 171 Total Cash and Cash Equivalents 2.071,554 52,205 268.036 3.159.2￿ 5,498.844 28.809 81,014 5.589,567 145.136 2123759 268 036 3188063 5 579 858 5 734 703

Notes to the Accounts (continued) United St Saviour's Charity For the yearended 31 March 2025 Unrestrlcted {£1 Restrlcted {£1 Endowment 2025 1£) 2024 1£) {£) 22. Creditors - Amounts Falling Due Within One Year Trade Creditors 185.878 Taxation and social security 109.975 Other CrediloTS 156.030 309.102 186,362 109,932 249,522 321.742 182,968 93,317 294,414 305.436 143} 7.707 1,326 85.785 11.314 Accruals and deferred income Pension Deficit Liobilty- Due in les$than oneyearlnoÈ 261 Grants Payable Bank Loan Total Creditors- Amounts Falling Due Within One Year 2.613 2.613 2,982 599.374 171.714 1,534.686 599.374 171,714 1.641.2 664,135 166,297 1,709,548 9,474 97.099 Unrestrtcted {£) Restricted 1£) Endowment 2025 2024 1£) 1£) 23. Creditors - Amount falling due after one year Pension Deficit Liability- Due in more than one year Deferred income Grants payable Bank Loan Total Creditor5 - Amount falling due after ong year 4,710 4,710 35,789 35,789 194.940 4,404.630 37,115 284.289 4,576,344 194,940 4,404,630 4.604.280 35.789 4,640.069 4.897.748 Amounts included above which fall due after 5 years are as follow$ 2025 2024 1£) 3,660.363 {£1 3.855.558 Payable by instalmenls Loans 2025 2024 Bank Loan Payable within one year Payable within 2-5 years Payable over 5 years Total {£} 171.714 744,267 3,660,363 4.576,344 (£1 166.297 720.786 3.855,558 4.742.641 The bank loan i5secured by a legal chargeoverlhe inveslmenl properties in favour of Lloyds Bank pl¢. Interest is fixed al 3.089/0 per annum and repayment is over 25 years and final payment 15 d ue in September 2044. 2025 1£) 2024 {£) 24. Deferred Income At 1. April Resources deferred duTing the year Resources released from the previous year At 31" March 215.701 177.264 1187.3261 201,782 177.263 {163,3411 205.639 215,701 Income has been defe￿edfor rent receNed forlhe UPfp)ming year and soaal housing grant Amounts due within one year Amounts d ue in morelhan one year 169,853 35,786 205 639 378,589 37.115 35

Notes to the Accounts (continued) United St Saviour's Charity Forthe year ended 31 March 2025 25a. Fund Reconciliation Designated Funds At 1 April 2024 Transfer5 inlout Gainsl losses At31 March 2025 Income Ex enditure Almshouse Development Mainlenanee Reserve Fund.. St Saviours Court Maintenance Reserve Fund.. Hoplon's Almshouse Maintenance Reserve-Appleby Almshouse 3.000.000 3.000.¢X)O 288.918 (216,4051 70.000 142.513 116.829 167,8031 80.000 129.026 60.OOD 80.000 140.000 Major Repairs Fund Park Slreel 68.892 13,3771 90.000 155.515 Sinking Fund 1 707 708 1707 708 Total Designated Funds 5 242 347 287 585 1387 708 3 567 054 General Funds General Fund 12 254 849 3.747 773 3281714 1405 957 14 224 980 Total Unrestrlcted funds 17497196 3747773 3 $69 299 17792033 Endowment Funds USS Endowment 45,027,831 1108.3811 334,310 45,253,760 Hopton's Endowment 2 691083 2 734 303 Total Endowment Funds 47718914 138075 47 988 063 Restrfcted Funds Almshouse Development Fund 7.108 1.745 {7,0001 1.853 One Soulhwark Fund 71.347 6,337 139,952) 37.732 City Bridge Trust Fund 37,286 126.500 1113.5811 50.205 Helen Peele Memorial Almshouses South Bermondsey Partnership - small grants Health Grants 274.973 74,568 196,2931 3.978 257.227 16.382 116,3821 210.OtH] (210.0001 BU- Dunhill Medical Connected al Christmas & Warm Hubs {1801 20.583 (20,5201 113n 1.867 Total Restricted Funds 408.783 439.713 487,3461 {18,2491 3,978 346,879 Total of Fund5 65 624 893 4 187 486 4194720 509316 66126975 The Charitys investments are comprised ofa number ofdesignaed. endowmentand generalfund5. The8Ss0aat￿ investmenlgans inve51menl managementcosts h8Me been apportioned betweenthe funds in proportion lo the value oflhe investments held in eac h f￿d a the start of the year. The investment gainllloss} arising on funds in the year is shown above. Designated Funds TheAlmshouse Developffenl Fund was creal8J to meetlhe contribulionthe charitywill be Tequired lo makelowards dwek)ping the new almshouse in Bermondsey. 36

Notes to the Accounts (continued) United St Saviour's Charity For the year ended 31 March 2025 The maintenan￿ Reserve Fundsforbolh Sl Saviout5 Court and Hoplon's wereform&l by merging the Cy￿￿81 Repairs F￿d the Extraordinary Repairs Fund for each property. Thecydical RepaiJ5 Funds were eslabli%hed lo payforcydical repairs a the almshouses arising fr¢mthèquinwennia revTewlinduding painting oftheexleriorand comrmn parts). The Exlraordinaryrq)ars funds forrepairs olherlhan day40-dayand cydicd repairs. Tran$fersare made into Ihefunds oethrding lo guidance pr0vij￿1 t¥ the Almshouse Association. The hllajor Repairs Fund was established lo provide funding for a future programme of works for Park Street properties. The Sinking Fundwas established lo promde forlhe bu1￿1ng ofSISaviour'sCourt atlhe end ofils useful lrfe. TheTruste& he decided lo release the provision on the fund. Endovmi8nt Funds The Charitys permanentendowmenls is comprised oflheApplebyBlueAlmshouse and Hopton's AlMsho￿e and all but three of the investment properties, logelherwilh a balan￿ of non-property invesbnenls. The perca)lageof investments that are represented by end05￿nentfundS al the slartoflhe year was 53.0°A {2024'.- 53.OQAI. This perc￿lage is appl￿ lo inveslmenlgans and losses and investment management costs lo apportion these to the Endowment Funds. The costs charged lo Iheendowmenl include investment management fees. depreciation of properties within the endowment. General Fund$ TheCharit¥s 9￿era1fUndS are untBslricled fundswhiG¥) areavallab￿forIhe usealthe d isCret￿n oftheTrusÈes in further￿￿ ofthe general obie¢b"ves ofthechartyand which have not been desvJnaled forotherpLrposes. Al the end oflheye&lhis induded StSawoL¢s CourtAmshous< Purley. The perc￿lage ofinvestmenlslhatare represented by generalfundsalthe start oftheyearwas47.00/ts (I '. 47.0%). Restricted Funds Almshouse Development Fund The Almshouse Development Reslrided Fund reprEsents gtsnls receNed forlhe purpose oflhe developmentof the new almshouse. One Southwark Fund This fund hasbeen set up to transform Iwes and oppcrtunitiesforyoLng petsp￿ in the borough through collective action. Part of a wider'giving, movement. andwith a core g rantpromduj by the City BridgeTrusl (see below). the progranynewill mobilise businesses, funders. commLnityg roups and local residents lo g ive their lime, money, ne￿orkS and influence lo level the playing field fo r disadvanlag8J youngpeople. The schemewenl lThie in 2021 and £65,000 was contributed to the fund by St Saviour's Charity. The Trustees preference was that the grant was shown in the reslricled fund rather than as an additional designated fund. Clty BridggTrust Fund This fund exisisto hokllhe coregTanlforlhe OneSouthwarf( prograrrme andwill cover, primily, staff costsrelaled to the program director. Helen Peele Memorial Almshouses Helen Peele MemorialAmshouse5 isan unincorporated trust sel upto provble accommodation lo kncal pwple inthe area ofRolhththe in need over 60 years of age_ The regiskred Chartty number is 221317. On 6, March 2025 the Charty Commission direcled tha the charitybe linked (link￿1 chatity nurt)er 1103731-3lwilh Un((ed Sl Saviourf5 Ch*ty Ilhe reporting charityl- As the object8 ofthe chJity are narrower than those of United Sl Saviour5 Charty it has been Iiealed as a reslricled fvnd in the accounts and the fund t￿￿ represents the nel assets of the Charity. South Bermondsey Partnership United Sl SaVio￿'SChartyis the localtytrusled support organisalion for the Big Local South Bernondsey. a len-year investment pr0gramMefinan￿d by a charty called Loeal Trustwilh Lottery fundlng.ThepTogramnE¢on￿enC￿ in 2012 and ended in 2022. The Charity hekl fundson beha￿0fthe South BerrHondseypartner5hip ISBPI, whKh deliveredthefund programme and d isbursed gran Is on ils behalftoagreed p￿Ie¢l$and aclwityès folbwing recepl offinancAal claims Isee Note 291. SBP have ag reed Ihal the remaining ba18nce can be transferred lo unreslricled funds lo be used at the dis¢retion of United Sl Saviourfs Charity. Health Grants Programmg This collaboration with Partnership Soulhwarft and CommuntySoulhwarf( isa partiC4paory gTantsp￿graMn￿Wherel0ca1gr0UpSIthe responsibilty fordeading wherelhe funding isallocated. The budget is pro￿day by Partnershp Soulhwark (£210.OOOlwhich indudes £10,000 to cover St Saviour'5 running costs. Boumgmouth University- Dunhlll fvledlcal Tnjst Bournemouth Unwersivs coMM￿lty-ba$ed food model project for people over the age of 60 ILEMONADEI. funded by Dunhill Medical Trust started in July2023. Thetwo researthets moved intoApp￿blS reSea￿her$-in-reSiden¢e studios, wh ich enabled an authenlicethnographicsludy. Acommunty EngagementGroup (CEGI and Food Research Advi%oryGroup IFRAGI were established to provklethe researth team with guidan￿thrOUgh0U1Ihe projed. Co-produclkjn was a key element ofthe PfDjed. re5ulling in three 10-week cycles ofaclThiitEs Ihalwere ¢04esigned wilh the olderresearch part￿1panIs. with afocus on inÈrgenerdlional engagernent. The research team also gathered biometric data from the participants lo demonstrate the health and well-being outcomes of parlicipalion. 37

Notes to the Accounts (continued) United St Saviour's Charity Forthe yearended 31 March 2025 Connected at Chrlstmas This fund existed to run a campapjn and grantsp[0gr￿me lo ensurelhatas manyolderand Vulnerab￿S0uts￿Wark resid￿lS aspossitrle (who were likelylo bespending Ch rislmas on Iheirownl fell car￿f0rand conneded over Ihefeslive season. The originaldonors h agreed Ihatlhe remaining balan￿ can be IransfetTed lo unrestridedfundslo be used al the discftlion of Unf(ed Sl Saviourfs Charity. 25b. Fund Reconciliation (prior ear Designated Funds Almshouse Development Maintenance Reserve Fund= Sl Saviouis Court Maintenance Reserve Fund= Hoplon's Almshouse At 1 April 2023 Transfers inlout Gainsl losse5 At31 March 2024 Income Ex endlture 5,000,000 {2.000.0001 3,000,000 320,988 1102,070) 70.000 288.918 124,757 187,928) 80,000 116.829 Major Repairs Fund Park Street Sinking Fund Total Designated Funds 101,575 1.621,708 7,169.028 167.6831 35,000 86.000 1257.6811 11.669.000 68,892 1,707,708 5.242.347 General Funds GeneTal Fund Total Unrestricted tund$ 5,379,707 12.548.735 3,301,162 3.301,162 12,818.0851 13.075.766) 5,779.132 4,110,132 612,933 612.933 12,254,849 17,497.196 Endowment Funds USSC Endowment 37.860.969 2,604,946 40.465.915 {107,2211 {1,247.0771 {29.5281 {136,7491 {1,247,0771 8.521.160 115,665 8,636,825 45.027,831 2.691.083 47,718.914 Hoplon's Endowment Total Endowment Funds Restricted Funds Almshouse Development One Soulhwark Fund 2,402.809 125.575 17.934 467,747 997 119,840 (3931 12.863.055) 155,2251 1100,4881 7,108 71.347 37,286 City Bridge Fund Helen Peele Memorial ATmshouses City Bridge Trust Partnersh ip Health Grants Programme South Bermond5ey Partnership-small gr￿ts BU- Dunhill Medical Connected al Christmas & Warm Hubs Total Restricted Funds 249.420 250,000 78.968 156,8501 (250,0001 (100,0001 3.435 274,973 100.OLK) 16.382 17.642 16.382 {1801 1.867 408 783 {17.822} 1.867 3 047 605 801577 580 778 2 863 055 Total of Funds 56 062 255 4102738 3 793 293 9253 193 65 624 893 38

Notes to the Accounts (continued) United St Saviour's Charity Forthe yearended 31 March 2025 unrest￿Cted Restrict￿ Endowment 2025 2024 (£1 {£) {£) 1£) 1£) 26a. Analysis of Net Assets be￿On Funds Tangible Assets Investments Cash Debtors 7.369.799 14.020.445 2,071,554 469.201 46,739 68,309 268,036 9.058 7,587,927 33,337.981 3,159,254 4.000.000 15,004.465 15,174.094 47,426.735 46,985.408 5,498.844 5,589,567 4.478.259 4,486,119 Creditors due within one year (1,534.686) 19.4741 (97.0991 11.641.259) {1,709.5481 Creditors due in more than one year Total Analysis of Net Assets between Funds (4.604,280) 17,792.033 (35,7891 346,879 14.640,0691 {4.897,7481 66.126,975 65.624.893 47.988.063 Unrestricted Restricted Endowment 2024 1£) 2023 1£) 26b. Analysis of Net Assets between Funds (Prior Year) (£1 {£1 1£) Tang ible Assets Investments Cash Debtors Creditors due with in one year Creditors due in more than one year 8,678.500 13.892,628 925.678 477.783 {1,616,7601 {4.860.6331 51.082 64.330 355.502 8.336 132.9031 137.1151 6,444,512 33,025,450 4.308,837 4,000,aOD 159.885} 15.174.094 46,985.408 5.589,567 4,486,119 11.709,5481 14.897,7481 9.937,389 46,876.070 4.728,107 922,319 11.553,8391 14,867,790} Total Analysis of Net Assets between Funds 17.497,196 408.783 47.718,914 6S.624.893 56.062.256 27a. Analysis of changes in net debt At 1"April 2024 (£1 5.734.703 Cashflows 1£) 1154.8451 At 31 March 2025 (£1 5.579.858 Cash and Cash equivalents Borrowings Bank loans Net Debt 14.742.641) 992,062 166,297 11.452 {4,576.3441 1.003.514 27b. Analysis of changes in net debt (Prior Year) At 1°, April 2023 (£1 5.301.855 Cashflows {£1 432.848 At 31 March 2024 (£1 5,734,703 Cash and Cash equivalents Borrowing$ Bank loans Net Debt {4.903,2861 396.569 160,645 593,493 {4,742.6411 992.062 28. Pension Commitments SCHEME: TPT Retirement Solutions - Tho Grovrth Plan The company p￿t￿paleS inthe scheme. a mUlti-￿pI0yerscheMeWhlch ptrJvKles tenefits lo some 521 non-associaled participating employers. The scheme is a defin￿ benefrtscheme inthe UK.11 is not possibkforlhe corrpany lo obtain suffiaenl infornationto enable ilto account forlhe scheme a5 a defined benefit scheme. Therefore, il accounts for the scheme as a defined contribution scheme. The scheme is subjeetlo the funding legislatkjn outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, togelherwilh do¢)Jmenls issued by the PensionSReg￿8Ior8nd Technical Actuarial Standards issued by the Financ&41 Reporting Council, Set out the framework for funding defined benefit o¢cupalional pension schemes in the UK. The scheme is classrfEd as a'lasl-man standing arrangomenv. Therefore the company is potentially liable for other participating employers, Obligat￿nS if Ihoseemployets are unable lo meellheir Sha￿ of the scheme deficit following withdrawal frorn the scheme. 39

Notes to the Accounts (continued) United St Saviour's Charity For the year ended 31 March 2025 Participating employersare legaty requiredlo meellheir share oflhe scheme deficit on an annutypurchase basison withdrawalfromlhe scheme. A full actuarial valuab'on forlhe schanewas carr￿d oulal 30 September2023. This valuation showed assets of £514.9m. liabilities of £531.Om and a deficit of£16.1m. To elinninale Ihisfunding shortfall, IheTruslee hasasked the part￿ipating employers lo pay add ilional ontribulions lo the scheme as follows.. Deficit ¢ontributions From 1 April 2026 to 31 March 2028- £2,100,000 per annum (payable monthlyl Unless a concession has been agreed with the Trustee the term lo 31 March 2028 applies. Note th8lthe schemés previ)usvalualion was carried 0￿WIth an effective daleof 30 September 2020. Th1svaluat￿n showed assets of £800.3m. liabiliti￿ of £831.9m and adefiatof £31.6m. Toeliminalelhi% funding shortfall. IheTrusteeask8J the partiCApaing employer5tD pay additional contributions lo the scheme as follows.. Deflclt contrlbutlons From 1 April 2022to 31 January 2025: £3.312.000 per annum (payable monthly) 31 March 2025 {£sl 31 March 2024 {£sl 31 March 2023 l£sl Present value of provislon 7,323 2,982 6,384 The recovery pl￿ contributions are allO￿ted lo each partiapatingempkjyerin linewilh Iheireslimaled shareof the Series 1 and Series 2 scheme liabilities. Wherelhe scheme isin defitstand Whe￿the¢0Mpanyhas agreedto adeficitfunding arrangemen1thec0mp￿Y recognisesa liabilty for this obligatDn. The amount reCOgn￿ed is the net presenlvalueofthe deficit redLLth)n ¢ontribulions payable under the agreement Ihat relates to Ihedefiat. The Presp￿t value is calcLlaled using the discount rale detai￿d in these disclosures. The unwinding of the discount rale is recognised as a finance Cost. PRESENT VALUES OF PROVISION RECONCILIATION OF OPENING AND CLOSING PROVISIONS Year Endlng 31 March 2025 l£sl Year Ending 31 March 2024 1£$) Provision at start of period 2,982 6,384 Unwlndlng of the dlscount factor {Interest expense) 79 244 Deficit contributlon paid {3.040} 13.648) Remeasurnments - impact of any change in assumptlons 46 Remeasurements- amondm9nt$ to thg contribution schedule 7,256

Notes to the Accounts (continued) United St Saviour's Charity Forthe year ended 31 March 2025 Provlslon at end of period 7.323 2,982 INCOME AND EXPENDITURE IMPACT Year Ending 31 March 2025 l£sl Year Ending 31 March 2024 l£s} Interest expense 79 244 Remea$urements- Impact of any change in assumptions Remeasurements- amendments to the contrlbutlon schedule 7,256 Costs recognisgd in Income and expenditure account 4,341 242 ASSUMPTIONS 31 March 2025 er annum 31 March 2024 rannum 31 March 2023 er annum Rate of discount 4.84 5.31 5.52 The discount rates shown above are the equivalentsingle discount Tales which. when used to discountlhe future recovery plan contributions due, would give the same results as using 8 full A4 corporate bond yield curve to discount the same recovery plan conlribulions. 29. Funds held as an intermediary agent United St SavioLr's Charty is the localtylrusled support organisalion for the Big Local South Bermondsey, a len-year investment programme financEd by a charrtycal￿d Local Truslwilh Lottery funding.The PfDgramrr£ COfTYnencaJ in 2012 and was supposed to end in 2022. bul il finished in Ihisfinane4al year. The Charty held funds on behawof the South Bemondsey partnersh￿1 ISBPI. which delivered the fund programnpand disbursed granlson ilsbehalf lo ag reed projects and aclniities following receipt offinanaalclaims. The Charityrecewoj fundingfrom LO￿lTruSt10 disburse on SBP'S behalf. Thefinanaal statements do nolindudelhts funding. The summary of fund movements in the year is as follows.. 2025 (£1 2024 1£) 48.133 At 1 April Income Expenditure At 31 March {48.1331 Mayflower 400 Fund A partnership between United StSaviour's,SoulhwaTkCouncland British Land.Ihe Maytlfftr400 Fund is supporting comTNnity events, aclitrilies. and projecslo mark and cekbralelhe400' an niversary ofthemayflowersailing from Rotherhilhe. Contributions from all 3 partners¢realed a fundingpol of£140.000 andlheprowamme started in 2018-19, with unit￿ Sl Saviourfs Charity tsking responsibility for grant administration. The financial statements do not include this funding. The summary of fund movements in the yeaT is as follows= 2025 1£) 275 2024 Al 1 April Income Expenditure At 31 March 275 275 275 41

Notes to the Accounts (continued) United St Saviour's Charity For the year ended 31 March 2025 30. Contingent Liability - Hopton's Charity Thetotal Social Housing granlto help finan￿ the refurbishm￿1 coslsofthe Hoplon's Almshouse amounted lo £455.077. The Social Housing Grant is repayable undercertain clrcurnstan￿S'. primarilyfollownglhe sale of a propety bulwill normally be restr icled lo the nel proceeds of the sale. 31.0 eratin lease commitments Lessee Al 31 March 2025 and al 31 March 2024. the charty had nooulstanding commitments for future minimum lease payments under non-cancellable leases.. Lessor Al 31 March 2025. the chartyhad eonlraded with lenanlsfor all the following minimum lease payments. which fall due as follows.. 2025 [£1 1,608.359 4.2O9.L￿3 3,895,238 2024 {£1 1.667.055 3,989,437 4.671.218 Within oneyear Between two and five years In over five years 9712660 10,327,710 32. Helen Peele Memorial Almshouses In March 2025 the Helen Peele Mernorial Amshouses Chanty Iregtslered charity numter 2213171 was to United Sl Saviolrfs Charity. The Helen Peele Memorial Almshouseswas foundedto provideand maintain almshouses for peop￿ over 60years okj in the ancient parish of Rolherhilhe. The linked charity numb&r is 1103731-3. As a result of the linking of the charit￿S the accounting records of Helen Peele Memorkgl Almshouse have been induded in this sd of financial slalemenls in both the current and prior year. 42

United St Saviour's Charity For the year ended 31 March 2024 Appendix 1 . List of Grants Awarded in the year ended 31 March 2025 (Does not fomi part of the Financial Statements) Unrestrithl Restrict￿ Endowmatt 2025 2024 {£) 1£) 1£) 1£) Strategic Grants SoulhwarkCilizensAdV1￿ Bureaux SerV￿e- ReslrKled funding towards Soulhwark Foodbank Advice Project Community Soulhwark Funding towards the VCS Premises Project Aelive CommunilEs Ne￿Ork Ltd Grant to Soulhwark Changemakers Peace Ballers CIC - Grant towards Funding Differently Community Soulhwark - VCS engagement & decision making Community Southwark - Grant towards the VCS Premises Project Total Stratsgic Grants 100.000 100.000 61,852 61.852 140,000 5,000 3,250 32,274 161,852 180,524 161.852 Unrestricted Reytricted Endowment 2025 1£) 2024 1£) 1£) (£1 (£1 Large Grants Copleslon Cenlie Indoamerican Refugee and Mig rant Organisalion 8lackfriars Selllemenl Pembroke House Burgess Sports Groundwoik London South London Gallery Bounce Legacy CIC- Funding towards Bounce Film School Slep Now Global C.l.C. Funding towards Inspire lo Aspire Soulhwark The Wells Trust Soulhwark Diocesan Welcare Carnaval del Pueblo Association Peckham Soup Kitchen Funding towards Be Active London Community Boxing Funding towards Boxing for Better Futures Southwark Black Parents Forum - Funding towards Capacity Building The Advocacy Academy - Funding towards Soulhwark Outreach Project Future Men Grant towards the Boys Development Programme {BDPI Groundwork London The Diverse Creative CIC Clear Community Web CIC Peckham Platform- Funding towards Memories of the Future The Bike Proje¢l- Funding towards The Bike Project Theatre Peckham - Funding towards Young Peckham Progromme Power 2- Funding towards Power2 Rediscover programme Soulhwark Traveller5' Action Group Time and Talents Association Spring Community Hub Soulhwark Day Centre for Asylum Seekers Enlelechy Art$ Inspire At Sl Peterfs Church XLP- Communily bus Bridge The Gap Studios Community TeCh￿d Downside Settlement Southwark Kalediscope Duckie Ltd Dream 8elieve Achieve IDBAI CIC Southside Young Leaders, Academy Ripe Enterprises Ltd Walworth Golden Oldies Ingnile Hubs The Mason Foundation Sporting Recovery CIC School Food Matters Autism Voice Art in the Park Excel Beyond Barriers Totsl Large Grants 50,000 75.062 90,OC)D 25.000 70.OLX) 40,0 40,000 40.000 29,250 18.OL)O 30.orjo 10.000 20,000 40,000 40,000 50,000 60,000 50.C 75.062 g0.tH]o 25.LX)O 70.000 40.000 40.000 40,000 29,250 18.000 30.000 10.000 20,000 40,000 40.000 50,000 60,000 25,000 10,000 22,888 25.000 30,000 50,000 28,800 28,000 60,000 30.000 50.000 20,000 17.500 20,000 30.tHJo 40,000 22,000 10.000 50.000 11.350 40,000 40,000 36,000 30,000 35,711 44,436 25,554 30,000 10,000 10.000 727,312 882,239 727.312 43

United St Saviour's Charity For the year ended 31 March 2025 Unrestricted Restrictul Endowmwrt 2025 2024 {£) 1£) {£1 {Éi Medium Grants Flashy Wings Ministry Southwark Refugee Communities Forum Southwark Day Centre for Asylum Seekers Blackfriars Settlement- Warm Spaces Programme Grant The Green Nunhead Community Centre- Warm Spaces Programme Grant Souihwark Carers - Warm Spaces Programme Grant 5,000 5,000 5,000 4,281 4.300 5,750 29.331 Total Medium Grants Unrestricted Restrlcted Endowment 2025 2024 {£1 (£1 {£) 1£) 1£) Small Grants (up to £5,000) Small Grants 122.503 122,503 122.503 122,$03 131,184 131.184 Totsl Small Grants Other Grants Health grants lup lo £5,000) Total Other Grants 200,0 200,000 200,000 200,000 100,000 100,000 City Bridge Trust Grants Merchant Taylors Foundation Grants Appleby Blue Activities Grants 4.518 8,720 4.518 8,720 15.0 47,828 1,224,905 1.389,170 Total Grants Awarded 1.011,667 213,238

United St Saviour's Charity Forthe year ended 31 March 2025 Appendix 2: Value for Money metrics status Registered Provider of Social Housing (Does not fonn part of the Financlal Statements) In 2018, the Regulalorofsockgj Housing intr(MJucaY a newvalue for Money Standard. This required RPS lo publish performance against a series ofmelrics{'VfM metrics} lo measureecon(my. effiaency and effectiveness. Under a Direction published on 19 February 2019. the Reg ulalorprovided that all Almshouse Charilies wh ich are RPS musl report their performance against seven mandatory metrics in the1rann￿l aco)unls. The Vfm metrics require RPS lo use speaficfoftnulaeto caleJJ181elheir performan ce, for ease of compari4on between RPs.The Regulalor5' lechnicalguidano note of June 2020 stales. We have seleded the metrics th at work for the majorityofprovKlers. However. we aCknOw￿dge Iha any metric, however¢8lculated. will inevila)ly be moreappropriale for some prowdwsthan olhets, andlhere may be a minorityofcases where reporting on a part￿LIarba$lsiS drfficutt, or i nappropri* given the unusual naure of a given Org￿lSaI10n's business". The majortyof RPS are large housing associations with thousands of dwellings. TheTrustees considerlhal, due lo the nature and Sea￿ of ils almshouses operalDn, the Vfm metrics are less useful for the Charity than for atypi￿1 RP. TheTrusleewill monf(or anyfuture adMcefromlheAlmshouseAssoaalion or the Regulator itself on the Vfm metrics and almshouse RPS. Hopton's Almshouse Charity fomis part of the United St Saviourf$ under a Charlty Commlsslon Llnking Direction. It 1$ a Regi$tgred Provlder I'RP'I of Social Housing Ino. A28371. Metric 311312025 0° 311312024 0% Comment As Hoplon'sAmshousè is a Grade Il"listed building, no new units h￿e been builtwit)in the Hoplon's Almshouse either in 2024125 or 2023124. This refiecls the fact that the Hoplon's Almshouse isa Grade Il" listed buikling and therefore no new units have been built in the Almshouse in 2024125 or 2023124 This reflects the fact that the Hoplon's Almshouseon erales social housin Hoplon's Almshousecharty has no shortor long-lerm borrowing and its aclivilie5 are nOtdep￿dent on debtfinan￿. The gearing °h is therefore negalnie as il is based on a osilive cash balance onl The metric anliapales that the Charity will express th is as a percentsge. in order lo showthesurplusgenèrated by the Charlty Compar￿ lo inlwesl payable. However. the metric is not applicable becauselhe Charty has noshortorlong term borrowing and therefore there is no interest payable. Thecostperunrtin udesdired costs su as staff costs plus Costs of maintenan¢e, direct overheads and depreciation per almshouse d￿llIng. Itlakes no account of rental income recewed. Thesmall increase of 4.30A is mostly due lo increased staff costs. No allocation of the charity s overall 5UPPOrt costs that relate lo ils three almshouses have been included in this calculation. This measures the profil marg inffinanclal efficiency of providing the almshouse accommodation, if focussing purely on operating costs versus a¢¢ommodalion charges received by the Charity. As the charityonly provides social housing, the social housing letting operating margin and the overalloperaing margin are the same This measures the profil marginlfinancial efficieney of providing the almshouse accommodation, if focussing purely on operating c051s versus accommodation charges received by the Chorily. As the charityonly provides social housing. the social housing letting operating margin and the overall operaing margin are the same ReinvestnEnl°/o. Investment in housingsupply during 2024125 as a percentage oflolal housing propèty held New Housing Supply%.' New soaal housing delivered as a percentage of housing stock held 0% 2b". New Housing Supply °A.' New non-social housing delivered as a eicenla eof housin stock held Gearing= Proportion of botrowing in relatwjn lo housing assets. 0° oo -294% -1780 EBITDA MRI.. Earnings before interest. lax, deprecialign and amortisalion. major repairs included., divided by interest payable, for the financial period. Headline ocial Housing Cost er £11.548 £11.687 6a: Operating Margins or OM {So¢ial Housing Lettings only).. Operating loss on social housing lettings (ie, alm5hous8flalsl, dwiday by turnoverfrom such lettings during the financial period -29V -50% 6b: OM (Overall).. Operating surplusplLB gains on disp¢)sal of fixed assets (housing pro￿rties>, d by overall turnover during the financial period -290 -50 Return on Capital Employ peraling surplus com ared lo total assets less current liabilities -1.9% 45

United St Saviour's Charity Forthe yearended 31 March 2025 Helen Peele Memorial Almshouses fomis part of the United St saviou￿$ underacharity Commission Linking Direction. It is a Reglstered Provlder I'RP'I of Social Housing (no. A03791. Metrlc 2025 o.lo 311 202 0° Comment No new units have been built within the Helen Peele MemorialAlmshoLseseither in 2024125 or 2023124. No new units have been buitt in the Hel Peele Memorial Almshouses in 2024125 or 2023124 This refteds the faclthallhe Helen Peele Memorial Almshouses charity on ly erales social housin Helen Peele MemorialAlmhouses charity has no loan or overdraft facilities and ils activities are not dependent on debt finance. The gearing °k is therefore negative as il is based on apositwecash balanceonly. The metric anlicipaleslhal the h¥ty ￿111 expresslhis as a percentsgq in order lo show the surplus generated by the Charity compared to interest payable. However, the metric is not applicable becauselhe Charity has noshort or long term borrowing and therefore there is no interest able. The Cost per un il includes direct costs such as staff costs plus cosls of maintenance, direct overheads and depiecialion per almshouse dwelling. It lakes no account of rental income received. This measureslhe pn)filmarginl Inancial efficiency of provid ing the almshouse accommodation, if focussing purely on operating costs versus accommodation charges received by the Charity. As the charityonlyprovKlesso¢ial housing, the social housing letting operating margi and Iheoverall operating marg in are the same This measureslhe pro Ilmarginffinancial efficiency of providing the almshouse accommodation, if focussing PUTely on operating costs versus accommodation chargesreceived by the Charity. As the charityonlyprovpdes50aal housing, the social housing lelling operating margin and the overdlloperdling margin are the same NIA ReinvestnEnl°/.. Investment in housingsupply during 2024125 as a percentage oflolal housing property held 2a: New Housing SupplyO/o.' New soual housing delivered as a percentage of housing stock held 00 0% 2b: New Housing Supply 0￿.. New non-social housing delivered as a percentage of housing stock held 00 OYO Gearing.. Proportkjn of bO￿owIng in relalk?nto housing assets. -280, -313° EBITDA arn ings be re interest, lax, depreckqlion and amortisalion, major repairs included., divided by interest payable, for the financial period. Head line Social Housing Cost Per Unit £13,734 £7,104 Operating Margins or OM I ocial Housing Lellings only).. Operating loss on social housing lettings lie, almshouseflalsl, dwId￿j by lurnoverfrom such lettings during the financial period -22 22 6b: M (Overall).. Operating surplusplLS gains on dEposal offixed assets (housing prO￿rties1. d by overall turnover during the financial period -22°/0 22° urn on apila perating surp com ared to lolal a$$ets less Gurrent liabilities us