Charity Number. 1119947 THE ADDO TRUST Trustees. Report and Financial Statsments For the year ended 31 D￿ember 2025 THE ADDO TRUST Rèfaronce and Administrattve Detalls of the Charlty, lis Trustees and Advis•rs Fort￿ year gndod 31 Decembor 2025 J W Bamett K Barnett Princlpal offi¢e 45 Ludgate Hill London EC4M 7JU Charmy registered nUm￿r 1119947 Accourrtants EVMS Partn￿ LLP 45 Ludgate Hill London EC4M 7JU Banke HS8C Bank 69 Pall Mall London EC2A 1 BR THE ADDO TRUST Trnstets. Rgport Forth& yèar ended 31 Dè¢emb•r 2025 The Trustees present their annual report together with the financial slalfrments of the The Addo Trust for the 1 January 202510 31 December 2025. Tha Trustees confirm that the Annual report and financial $tatem¢nts of the charty ¢omply with thè current slalutory requirements, the requirements of the charity'$ goveming document and the provisions of the Statement of Recommended Practice {SORPI applicable lo ¢harf(ie5 preparing their acGounls in accordance with the Financial Reporting Slandard aPpl￿bla in the UK and Republlc of Ireland {FRS 102). Strncturei goveman¢o and managemont Objectlves and actlvltles . Pollcie8 and oblectlvos In setbng obj'ectives and planning for activities. the Trustees have giv&n due consideration to general guidance publish8d by the charity commission relating to public bensfft. The principal objective oflhe charity is to ￿lIeve poverty arKI distress in the UKwith particular reference to caring and supporting young people in material, physical, educational or other need. The charity aims to help relieve human suffering amongst homeless people and support other charitable purposes worldwide as the Iruste8s deem appropriate from time lotime. These objectives ar8 to be achieved from donations. Thg charity is govemed by a Trust Deed, datgd 27 March 2007. Achlevemonts and perfomianc• a. Rev1￿ of activltles The Twstees have taken sleps during th8 year to publicise they proposed areas of gNing to groups specrfled above. Grants amounting to £60.￿o<2024.' £49,000) were paid by the Trustees during the year. Net incoming resources baftte invgslment revaluatitsns were £84,30812024.. £116,180). The funds available at the year end and carried forward werè £4,522,72712024.' £3,330,511). Flnancial revSew . Re8er¥0s polky Th8 Trustees establish funds for particular purposes or to maintain reseNes, vknich are reviewed at their regular meetings. b. Rlsk Pollcy The Trustees have identrfied the risks to which the Trust is exp¢)sed and have implemented prc¢edures to mitigate thosé risks. TME ADDO TRUST Trust¢es' Report For th• y•ar ended 31 De¢emb•r 2025 c. Method of appolntmont or ￿￿etion of Tru8te The Truslees shown.on page 1 hekl offre during the year. Wh8re there a￿ rwuirements for new Tnjstees, J W B8mett will make these appointm8nts. The Chief Executive Offterwtrb) has been delegated day to day managem8rt is J WBamett. Approved by cffder oflhe members oftha Board ofTrustee8 on 25 February 2026 aTrJ signed on thgir by.. J W Bamett Trustee THE ADDO TRUST Ind6pènd•nt Examlnefs Roport For tht year endgd 31 Docember 2026 Indèpeftdent examlngrf9 report to the Trustees of The Addo Trust I'the ¢harity'l We report to the charity Trustees on our examination of the a¢¢ounts of the Charty for thé year ended 31 December 2025. Regponsibilltles and basls of report As the Trustees of the charity you aTe responsiblo for the preparation of the a¢counl$ In accordance with the uirements of the Charities Act 2011 Ilhe 2011 Act'}. We r8p)rt in re8pect of our exanNnal•)n of the charitWs accoun1$ carried out under Se¢th￿ 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directic￿$ given by the Charty Commission under section 14515)Ibl of the 2011 Act. Indepgnd8nt 8xamlnerfs Ststsment Your attention is drawn to the fact that the charity has prepared the a¢¢ounts in accorda￿ with Accounting and Rewrting by Charities.. Statement of Recommendèd Practice applicable to charities preparing thelr accounts in a¢¢ord8nce with the Financial Reportin9 Standard applicable in the UK and Republic of I￿land IFRS 1021 in preferencéto the Accounting and R9POrting by Charities.. Statement of R$commenda Practice issu8d on 1 April 2005 which is rferred to in the extant regubtions but has be￿ withdrawn. We understand that this has been done in order for th8 accounts lo provide a true and fair view in accordance with the Generally Accepted Accounting Practice effe¢live for reporting periods beginning on or after 1 January 2015. We have completed our examination. We confirm that no matters have come to ovr attention in connectson with th& examInat￿n giving us cause to believe that in any material T8SP8Ct'. aceounting reGords were not kept in respect of tha eharty as required by section 130 of the 2011 Act,. or the accounts do not ac￿rd with th08e ￿cOrds., or th8 accounts do not compty wrth the applicable requirements ¢oncerning th& form and content of accounts set out in the Charities (Accounts and Reports) RegUlat￿S 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter ¢￿sidered as part of an independent examination. We have no COn￿mS and have com6 8¢ross no other matters in COnn￿tIon wf(h the examination lo which atténtion should be drawn in this report in orderto enable a proper understanding of the accounts to be ￿aChed. This report is made solely to the charty's Trustees, as a body, in accordan￿ wth Part 4 of the Char((ies {Accounts and Reports) Regulations 2008. Our work has been undert8k8n so Ihatwe might slaleto the charity's Trustees those matters we are required to slate lo them in an independent examinerfs report and for no other purposg. To the fullest exient permitted by law, we do not accept or assume responsibil'ty to anyon& other than the charty and the ch￿ty,$ Trustees 88 a body, for our wort or ts this report. Philip Vipond for and on behaw of EVMS Partners LLP Chartered Accountants 45 Ludgate Hill London EC4M 7JU 25 February 2028 THE ADDO TRUST Statoment of Flnan¢ial Actlylties for the yèar ended 31 DKember 2025 Unre8trlcted fund8 2025 Total funds 2026 Total funds 2024 Notes In¢omo from: Investmenls Interest 147,210 418 147.210 418 170,071 Expendlturo on: Charitable activities 65,320 65,320 53,891 Total Oxpenditurn 63.320 63,320 53.891 Net movgmont In fund$ b•fore other rocognlsed galnsl(losses) 84308 84,308 116,180 Gains on revaluation of fixed assets 1,107.908 1,107.908 383,480 Net movement in funds 1192 216 1192 216 Reconclliatlon of funds: Totsl funds brought forward Nel movement in funds 3,330,511 1,192,216 3.330,511 1.192,216 2,830,851 Total funds carried fonvard 4.622 727 522 727 3.330.511 All amounts relate to Gontinuing operatlons. THE ADDO TRUST Balance Sheet as at 31 December 202S Charfty Number: 1119947 Not• 2025 2026 2024 Flxgd assots Investrnenl$ 4,515.430 3,323.140 Curront asvts Cash 10,297 10,731 Currnnt liabllttles CreditorJ'. amounts falling due within one year 3.￿0 3,360 Ngt current as$&ts 7,297 7.371 Totsl ass•ts 198s currnnt Ilabllltles 4522,727 3.330.511 Totsl net assots 4 522 727 3,330,511 Charlty funds Un￿$tri¢￿ed funds General fvnds 4.522.727 3.330.611 Totsl funds 4 S22 727 3,330.511 The financial 5latements were approved by the Trustees and aulhc*ksed for issue on 25 Febwary 2026 and were sHJned on their behalf by: J WBamgtt The notes on ￿988 7 to 10 fomi part ofthese financial statwnents. THE ADDO TRUST Notes to the financlal slatements For the yoar &nded 31 December 2026 AccountSng pollcl8S 1.1 Bas1$ of preparatlon of flnancial statements The fina￿101 statements have been prepared in ac¢ordance with the Charities SORP {FRS 1021 Accounting and Raporting by Charities.. Slalemanl of Rècommended Practic& applicabla to charibes preparing their accounts in accordance wf(h the Financial Reporting Standard appluble in th8 UK and Republic of IreLgnd IFRS 1021 (effective 1 January 20151, the Financial Reporting Standard applicable in the UK and Republ￿ of Ireland IFRS 102) and the Charities Act 2011. The financial statements have been prepared to give a Irue and fairf view and have departed fr¢)m the Charities IAcwunl$ and Reports) Regulations 2008 On￿ to the exlent required to promde a 'lrue and fai view. Thi8 dgparture has involved foll¢)wng the Charities SORP IFRS 102) published on l January 2019 rather than the Accounting and Reporting by CharÈties.' Statement of Recommended PraCt￿e effeclNo from 1 April 2005 wh￿h ha8 sinee withdrawn. The Addo Tm81 meets the definition of a public benefft enlty under FRS 102. Assets and liabilit￿ are initially recc#Jnised at historical cost or transactton value unless oth8Thvise stated in the Televant accounting Folicy. 12 Cash Ilow The financial statements do not includ8 a statement of cash flows be¢ause the charity. as a small r8PCWting entity, is exempl from the requirement lo prepare such e statement. 1.3 Incomè All incomo is recognised once the ¢harty has enttuement to the income. il is probable that the incom? w(11 be received and the amount of in¢ome receivable can be measured reliably. Income tax recover*le in relation to investment irthme is rKognised at th& time Ihe investment income is receivable. 1.4 Expondlturo Exp8nditure 1$ recognised once there is a legal or constructive obligation lo transfer economic benefft lo a third paty, it is probable that a transfer of gconomic benefrt8 will be required in settlement and the amount of the obligation be measured reliably. Expenditure is classffied by activity. The costs of each activity ' are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct cosls attributable to a single activity are allocated directly to that actNity. Shared costs which contribute to mre than one aclivty and support costs which are not attributable to a single activty are apportioned befv￿Qn those actwities on a basis consistsnl with the use of resources. Central staff Costs a￿ alkncaed on th8 basis of time 8pent, and depwk4tton charges allocated on the portion of tho assgvs use. Expenditure on chartsbl8 aclivities is incurr8d on directy undertaking the activflies which furthgr the charity's objective8. a$ well as any associated support costs. Grants payable ar• charged in the year when the ¢)ffer is mae except in those cases where the offer is condf(ional, such grants being recognised as expenditure when the conditions attaching are fuffilled. Grants offered Subject to conditions which have not been mel at the year end are noted as a commitsnenl, bLrt not ac¢rusd as expenditure. All expenditure is inclusive.of irrecovorable VAT. THE A[￿ TRUST Notes to the flnanclal statements For the y￿r onded 31 Dgcamber 2026 Accounting polici¢$ ieontlnugdl 1.5 Inv6stments Fixed asset investments are a fomi of financial inslrunEnt and are initialty recognised al their transaction cost and subsequenlty measured at fair value at the balance sheet dal8, unless the value cannot be measured reliably in which ca59 (( is measured at cost 18S5 impaimient. Inve$lmenl gains and losses. whether realised or unrealis•J, are combined and presented as 'Gainsl{Lossesl on investments, in Ihe $latement of financial a¢tivrties. 1.6 Cash at bank and In hand Cash at bank and in hand includ8s cash and short-term highty liquid irsvestménts with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.7 Llabllities and provislons Lkgbililies are reco9nised when there is an obligation at the balance sheet date as a result of a past evgnt, it is probable that a transfer of economic benefrt will be required in settlement, and the amount of the setUem6nt can be estimated reliabty. Liabilities are recognised at the amount thatth8 charity anticipates itwill pay lo settle the debtor the amount it ha$ bpceivod as advanced payments for the goods or services it musl provKIg. Provision$ are measur&1 al the best estimate of the amounts required lo Sett￿ th8 obligation. Where the effect of the time value of money 18 material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rale that ￿f1￿C1S the risks specific lo the Ik4bilty. The unwinding of the discount is recoonised in the ststemenl of financial activities as a fIna￿e cost. 1.8 FlnaD¢ial Instruments The charty only has financk41 assets and financial liabilfties of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value ar￿ subsequently measured at th8ir Sett￿ment value with the 8xceplion of bank loans wh￿h are subsequently measured at amortised cost using the effective interest method. 1.9 Fund accountlng General funds are unTe$lricted funds ￿lch are availabl8 for use at the discretion of the Tru$l¢e8 In furtherance of the general objeclNes of ihe ¢harity and which have not been designated for other purFoses. Investment income. gains and losses are allocated lo the appropriate fund. THE ADDO TRUST Notes lo the financlal statements Forthe year ended 31 De¢gmbgr 2025 Investm•nt income Unrestricted Total funds funds 202S 2025 Income from local listed investsnenl8 147,210 147,210 Charltable aGtlvltles 2025 2024 Gran15 to institution$ Accountancy fees Bank charges 60,000 3,120 200 63,320 49.000 4.650 241 Indep8nd•nt examlnees rfrmuneratlon 2025 2024 Fees payable to the charity'8 Indèpèndent examiner.. For the independent ex8min*ion of the charty's annual ac¢ounls For all other services not included above 2,000 2,100 850 Fixed asset Inveslments Llsted Invostments Unllstsd investmènts Total Valuafjon At 1 January 2025 Additions Disposals Revaluatio 3,023,140 2.259,304 (2.174.922) 1,107,908 300,000 3,323,140 2.259.304 {2,174,9221 1,107,908 At 31 D8cember 2025 4.215 430 300,000 4,515 430 Not book value At 31 December 2025 4215430 4,515.430 At 31 December 2(r24 3,023,140 300,000 3,323,140 10 THE ADDO TRUST Notes to the finan¢lal Statements For tha year ended 31 D9￿mber 2026 Cr•ditors: Amounts falllng due wlthln one year 2025 2024 Accruals ¢J*rred irKome 3.000 Statsmgnt of funds 1 January 2026 Income Expenditure Gains 310ecember 2025 G8neral funds- all fijnds 3,330,511 147.628 63.320 1.107,908 4 522.727 R•lat8d paty transa¢tlons The Trustees received no emoluments during the year (2024.. £nill and no Tru$tee$ re¢eived any reimbursement of expense$12024: £nill.