2025-10-31-accounts

The Greatham Foundation The Greatham Foundation Annual Report and Financial Statements for year ended 31 October 2025 Charity number 1123540 Company number 06533385 -AF537AD5" 271(W2026 COMPANIES HOUSE

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The Greatham Fo￿d¥ll0n nual report and financial ststomÈntsfwyearended 31 Ortober 2025 Charlty fio. 1123540Con4)ary M. 06533385 The Greatham Foundation Contents Message from the Chair..................... Message from the CEO......................................-.........-...-.............-..........................................- Organisational details. Trustees. Annual Report............................................................................................................ About the charity...................................................................... .. Our aim5 and objective5 . Our vision, mission and values........................................................................................... What we do.......................................................................................-.-.............................. How our services deliver social impact..-....-.......................................................................... Our People-The Team Behind the Impart....-.-...........-....-.........-....-..-.-......-.....-.-....-.......-.12 Our Year in Summary.-.-...-..-................................................................................................12 Our plansfor 2025126 and beyond.....................................................................................13 Strategic Objectives........................................... . Our priorities for 2025126 (November 202S-October 2026)........................................14 .13 Financial Review................................................................................................................... IS Summary..........................................................................................................................15 Principal funding sources and results from charitable acttvities............... Results from Investments and Investment policy........................................................... 17 -16 Financial position.....-....-...-....-........-....-.............................................................-.............18 Reserves policy.... -19 StructureGovernance and Management....... .... ........................ -19 Formation and legal strurture....-.-..........-....................................................................... 19 Governance arrangements.........-.-.-................................................................................20 Statement of public benef it............................................................................................. 21 Risk management and principal risks................-...-.............-..-.....-...................-..-...........22 Statement of Trustees Responsibilities . Independent Auditorfs Report.................................................................................................25 .23 Statement of financial activities................................................. .. ... ..29 Statement of financial position.. ..30 Statement ofcash flows and notes to the 3ccounts....................................................................31

TheGreatham Foundat Affinual report and financial statemefitsforyear er¥led JI Ortober 2025 Charity nts. 1123540 Company r￿. 06533385 The Greatham Foundation Message from the Chair The Charity continues to successfully operate despite the difficult ongoing economic and geopolitical climate. In order to meet the challenges, we annually review our Business Plan in order to deliver our aims and objertives and ensure Trustees effectively execute our governance responsibilities. A number of significant developments and projects have been key features of the year. The management team structure has been reviewed and significantly strengthened by the addition of On Assistant Dirertor for Land and Property. When the Director indicated that he would be leaving the Charity in early 2026 we began the process of recruiting a replacement. This post going forward to be known as the CEO. The selection took place after 2 days of rigorous interviews in October 2025. Deborah Lewis- Bynoe was selected and took up her post in January 2026. A major piece of work undertaken by the Trustees and the Mana8ement Team was the rebranding of the Charity- The Hospital of God at Greatham became the Greatham Foundation. This marked the start of 3 new chapter in the Charities history. A new logo and signage unified all the branches of the Charity. We had a launch event attended by Dr. Kate Gillen Deputy Lord Lieutenant of County Durhom and many representatives from across the Charity. Two major projects started this year. The first was a joint undertaking involving the Greatham Foundation. the Environment Agency and Northumbrian Water. The aim of the project is to restore the historic alignment of the beck at Greatham Marsh. This will re-establish part5 of the natural marshlands. We look forward to seeing a variety of birds and wildlife as the site develops. The second project was the start of a developmentto create 14 dementia friendlyAlmshouses at Heather Grove. Hartlepool. The annual Snowdrop Walk and the Grants Committee Coffee Morning are well attended events which are now established in the Charities Calendar. The events and projects are in addition to the work involved in the day to day running of all the different parts of the Charity. I would like to thank all the staff throughout the Charity for their hard work and commitment. On a personal note I would like to thank the Trustees. a group of volunteers who gtve their time and expertise to help make the Greatham Foundation the great success that it 15. Margaret 8ousfield. Chalr ol the Trustees

The Greatham Foundation Annual repNt and financial 5taternents for yw ended 31 Iktober 2025 Chanty no. 1123510 Company no.06533385 The Greatham Foundation Message from the CEO 2025 wa5 a year of purposeful movement. launching our new identity as The Greatham Foundation marked more than a change in name: it affirmed who we are and who we serve older people, those living with dementia. and communitie5 across our region. The successful public launch in March 2025 was the visible tip of a deeper pro8ramme to simplify, modernise and prepare for the future. Two strategic projects deserve special mention. Firstly. The Heathers-co-designed with people with lived experience. our thanks in particular to members of the Hartlepool Young Onset Dementia Group-will create 14 dementia-friendly homes that set a new modern Standard of almshouse. Second. the Greatham Wetlands scheme, positions us to generate Biodiversity Net Gain income in the medium term while restoring important habitats. By the end of 2026 we will seek to see the first residents at The Heathers, and see the Greatham Wetlands works tomplete. and foundation5 in place to enable the generation of income from the sale of 8iodiver5ity Net Gain credits. We are thrilled to have been selected to deliver the Hartlepool Borough Council Dementia Services Contract following a competitive tender proce55 in 2025. The new contractual arrangement comes into effect in March 2026 and secures our Community Services in Hartlepool for a number of years to come. We have taken decisive steps to optimise our estate. progressing a multi-year backlog maintenance programme, capital works in our functional buildings, piloting 3 new letting5 model, and moving uneconomic assets to disposal. This is what Stewardship look5 like in practice.. protecting heritage, prioritising safety. and ensuring our buildings 5UPPOrt the services people rely on. This work is ongoing. We are also realistic about the challenges ahead. including responding to changes in legislation, continuing to develop our serlices as part of the wider health and social care agenda, and the long-term responsibility we carry for the Pension Scheme as it approaches significant maturity. A5 we write this annual report we have embarked on the next phase of our history, in February 2026 we bid farewell to Lawrence McAnelly who has provided great leadership to the charity for the last 7 years and I was honored to take on the role as CEO of this great charity. To every colleague, volunteer. trustee, partner and friend who has contributed this year, thank you. I look forward to working with you all in the years to come. Deborah Lewis-Bynoe. CEO

The Greatham Foundation Annual report and linancial staternents foryearended 31 October 2025 Charity no. 1123540 CornpaThy [￿.06533385 The Greatham Foundation Organisational details The Greatham Foundation Ltd (formerly the Hospital of God at Greatham) is a registered charity (registration number 11235401 and a company limited by guarantee (registration number 6533385, England and Wales). The trustees of The Greatham Foundation Ltd are dirertors for the purposes of company law and trustees for the purposes of charity law Ihereinafter referred to as the trustees). Reference and adminlstratlve details Charity name The Greatham Foundation Charity registration number 1123540 Company registration number 06533385 Registered office The Estate Office Greatham Hartlepool County Durham TS25 2HS Trurtees who served durlng the year and up to the date of this report Co-opted: Margaret 8ousfield (Chairl Robert Eden (Vice Chairl Patricia Hancock Nigel Fenny Dr Kai Sander Kenneth Graham Resigned 27 April 2025 Appointed 24June 2025 Resigned 14 October 2025 Appointed 20 January 2026 Jacqueline Butterworth Ex-officio.. Philippa Sinclair (nominee of the Bishop of Ourham) Venerable Rachel Wood Venerable Richard Sirnp50n Company secretary Deborah Lewis-Bynoe Lawrence McAnelly Senior leadership team Deborah Lewis-Bynoe Nicola Garrett Daniel Bliss Gail Ridley Scott Clarkson Principal professional advisors Auditors Resigned 24 March 2026 Appointed 26 January 2026 Resigned 26 January 2026 CEO Head of Operations Head of Finance Head of Care Assistant Director Land & Property JBC Accountants 38 Lockheed Court Preston Farm

The Greatham Fwndatir nual report and finan¢l31 #aiemEntsforyearended 31 OLtober 2025 Charity no. 1123540 Company no. I￿33385 The Greatham Foundation Stockton-on -Tees TS18 3SH Barclays Bank PLC 19-23 Wellington Square Stockton-on-Tees TS18 INA J.P. Morgan Private Bank 60 Vittoria Embankment London EC4Y OJP 8ank Investment Managers M&G Charity Department PO Box 9038 Chelmsford CM99 2XF CCLA Investment Management Limited One Angel Lane London EC4R 3AB Knights PLC {formerly Archer5 Law LLPI Lakeside House Kingfisher Way Stockton on Tees T518 3NB Solicitors Ward Hadawav Sandgate House 102 Quayside Newcastle upon Tyne NEI 3DX Barnett Waddingharn LLP 1st Floor City Square House 11 Wellington Street Leeds LSI 4DL Pension Scheme Advisor

The Greatham Foundation Annual rem and financial #•tementsforyearended 31 October 2025 Charity no. 1123S40 Company no. 06533385 The Greatham Foundation Trustees, Annual Report The trustees (who are also directors of the charity for the purposes of the Companies Act) present this annual report together with the audited financial statements of The Greatham Foundation forthe yearended 31 October 2025. The trustees confirm that the annual report and financial statements comply with the Charities Act 2011, the Companies Act 2DJ6, the requirements of the or8anisations governing document and provisions of the Statement of Recommended Practice ISORP} applicable to charities preparing account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102). About the charity Our aims and objertives The chariVs purpose is set out in our charitable objerts which are: l. The provision of housing accommodation and extra-care accommodation for beneficiaries. 2. The provision of grants not exceeding £5000 in any one year for such parochial and charitable purposes within the parish of Greatham as the trustees think fit. 3. The relief of persons who are in condition5 of need. hardship. or distress. including but not limited to sufferers of Alzheirner's disease and related disorders. the charity may relieve persons in need by- {il making grants of money to them or for their benefit. lill providing or paying for goods, services or facilities for them; or liiil making grants of money to other person5 or b¢)die5 who provide goods. services or facilities to those in need. 4. The appropriation of bungalows, alms houses and other property belonging to the charity for the use of residents and brethren of the charity. 5. The maintenance of the chapel which is devoted to the performance of divine service for the benefit of the brethren and residents of the charity- Our vlsion. mission and values Building on our centurf5 long history. our arnbition is to be a force for good. using our resources. skills. knowledge and abilitie5 to have a significant impact in comrnunities. We aim to be a leading charity that is modern. forward thinking. robust. sustainable and resilient. A charity that is respected and valued by communities. people, partners and peers. Mlsslon

The Greatham Foundation Annual report andfinancial ststemeftts foryear ended 31 Ortober 2025 Charstyno. 1123510Comparyno. ￿5353#$ The Greatham Foundation To build on our centuries-long history. we sUPPOrt and empower older people and those ffected by dementia, to live well through the provision of care and community-based services, homes and grants by putting them at the centre of everything we do. Our vislon is for older people and those affected by dementia to live well within sUPPOrtive communities. Values To be kind. caring and compassionate. To put people atthe heart. To be professional. leam and empower. To be open. traD5parent and honest. What we do Established in 1273 by Bishop Robert de Stichell, The Greatham Foundation {formerly known as the Hospital of God} employs over 100 staff and delivers a broad range of services aimed at supporting older people, particularly those living with dementia. Its portfolio includes.. Community Services incorporatinE: Day Services- support for people with dementia and their carers in East Durham and Hartlepool. The Brid8e- a one-5top dementia care and advi￿ hub. Community Pastimes-one-to-one and small group 5eniices for people with dementia or experiencing social isolation. Stichell House grounds. a 35-bed purpose-built residential care home set in landscaped estate Almshouses - Independent living accommodation in Greatham. Norton. and Stockton-on- Tees. Grants Programme - Annual funding to voluntary and community organisations making a positive social impact. Commercial Properties- The Foundation owns and leases over 120 private properties and facilities. We complement our charitable activities to provide an income by providing for rent or lease. housing. farm and farmland and some commercial property in the village of Greatham. Hartlepool. How our services deliver social impact The Greatham Foundation exists to enable independence. dignity and wellbeing. Across our residentlal, community and grant-making work, that ambition translated into meaningful Support for an average of 699 people every month in 2024125. reaching older people. carers. families and communities across Hartlepool. East Durharn and Stockton-on-Tees.

The Greaiham FoundatK*n Annual reF¢Xt afid hnamcial 5tatementsfof year ended 31 ¢Jctober 2025 Charityno. 1123540Company mts_ 06533385 The Greatham Foundation his service is a lifeline." °He has become brighter and more stimulated." ou go above and beyond yourjob role." "Always had time to chat... the work they do is invaluable." "I know the girls are here for me... l am not pressured to always be 'ok' . These voices-of residents. Carers and families-capture what our data shows= practical help delivered with care, and care delivered with skill. Our seprfices don't just 5UPPQrt people today. they ease pressure on acute, residential and crisis services, helping shift resources from crisis response to preventative. relationship-based care. Our 2024 2025 Soclal Im artRe rt sets out in more detail the impact our charity has chieved across the 2024125 financial year {Novernber 2024- October 2025). demonstrating how our community-based, preventative. and person centred. approaches have generated benefits for individuals. families, and communities: and how our long-temi support service5 improve outcomes for individuals while delivering measurable cost avoidance for the NHS and Local Authorities. Across the year, the Greatham Foundation made care more personal. independence more possible, and communtties more connerted. The numbers tell a story of scale and stewardship,. the quotes tell a story of trust. Together. they show a charity delivering practical outcomes today-and building the foundations for a kinder. more preventative system tomorrow. A summary of the impact of our sep4ices is set out in the following paragraphs. Community Based Dementla Servl¢es High-impact. preventative support with outstanding feedback: 100% of respondents are satisfied with our sep4ices 97% said we improved, or maintained mental & physical wellbeing 94% reported reduced isolation 91% increased their community participation "My loved one developed new friendships... the service empowers people to have more control in their lives. The Brid8e- Dementia Advisory Service (Hartlepool) Each month we supported 57 people living with dementia and 371 carers, facilitating 494 activities and interactions-offering timely information. advocacy and emotional support.

The Greatham Fwndotlon Annual report and finanaal ststementsforyear eThJed 31 ottobet 2025 Chanty no. 1123510 Company no. 0653338S Greatham Foundation "Always had time to chat, didn't judge. and we always felt supported.. invaluable for families just starting the dementia path. The Heather5 Day Centre (Hartlepool) With 2,728 attendances this year and 40 individuals supported monthly. people typically engaged for 1.1 years. building continuity and trust. "I'm so glad ofa few hours justfor me... He has become brighter and more stimulated." Minerva House Oay Centre (East Durham) We recorded 2,039 attendances. 5UPPOrting 28 people each month with an average engagement of 1.5 years. "I know I can call for help. advice and support-whenever it's needed." ithout this lifeline. my mam would have considered long-term care.- Community Pastimes IHartlepool) With 2,440 attendances and 37 participants Monthly. people enjoyed purposeful activity, social connection and respite for carers. "Everyone is so caring and cheerful.. He's had a lovely time stimulated and bright.- Stichell House Residential Home (Greatham) Our residential team delivered 52.929 hours of care, maintained 94% occupancy, and supported an average of 33 residents each month. The emphasis on reassurance. routines and relationships helped people stay settled while families felt supported. "Ongoing reassurance and support help him remain content enabling his wife to focus on recovery." Almshouse5 (Stockton. Norton. Billingham and Greatham) We supported 133 residents each month to live independently. maintained 97.2% occupancy, and made around 70 home visits and i501ation-reducing calls each month small acts that make independence sustainable. "I know the gir15 are here for me.. they understand how important it is for me to have mv own home." "You go above and beyond-always there to support us both.- io

The Greatham FoUnd￿lON Ahnual report and financi￿ staiements foryear 31 Ortobef 2025 Charity no. 1123540Comp3ny ￿. C6533385 The Greatham Foundation Grant Making Through our Grants Programme, we awarded £93,000 to 74 organisations. benefiting 6.000+ people across the NorthEast. Headline outcomes included- I.OOO+ young people supported {clothin& holiday programmes, youth activities) 200+ older people connerted through social inclusion projerts 2.000+ people accessing adv¢xacy. disability and learning support £lm+ personal debt addressed 14,IXK) hours of Hospice at Home care delivered Kids Kobin Youth Leadership Progromme.- -At least 15 young people will lead creative workshops for up to 150 younger children growing Confidence and skills." Cofe JJ.- "Up to 100 local residents each week access affordable homemade food and social connection." Hartlepool ReLoved Clothing.. Yens of thousands of items provided. including 32.000+ free school uniforms, supporting families in need.- Chaplainey- Enhan¢in£ Wellbein8 Through Spiritual and Pastoral Support Our chaplaincy provided weekly support across services. and this year marked the 120th Prayer & Care Group. The group creates space for refflection, solidarity and hope. Spiritual, emotional and bereavement support were available to residents. families and staff. -chaplaincy reduces loneliness, strengthens connection, and brings comfort in times of challenge and loss. A measurable relum for publlc servl¢es As one example, our community-based dementia support is estimated to have saved £2,062,082 in avoided NHS and Local Authority costs this year-through fewer A&E attendances and hospital admissions, delayed moves into residential care, reduced GP visits and preventing carer breakdown. That is better for public sen4ices and, more importantly, better for people. Key Events We strengthened community ties and celebrated our heritage through the year. Founders Day {13 January 20251 brought trustees, staff and people we support together in the Chapel for a reflective service and shared lunch-honouring our legacy and renewing our commitment to serrfe. li

The Greatham Foundatlc Annual reportand financr41 sr•tementsftyyearended 31 Odobef 2025 Charity no. 1123540 Cornpanyno. ￿533385 The Greatham Foundation On 9 February 2025. we supported Greatham in Bloom's Snowdrop Walk. with our grounds team preparing the esLite to welcome visitors and neighbours for a much-loved seasonal celebration. Our People-The Team Behind the Impact The Foundation employs 103 staff and recorded a retention rate of 8S.96%. We celebrated 36 employee awards. recognising people nominated by colleagues and those we support. 89% would recommend the Foundation as a workplace 89% agreed- -1 can easily see how my work contributes to the success of the charity." 92% agreed= "My manager recognises when I do a good job." Our Year in Summary The year saw The Greatham Foundation take confident steps forward, modernising our identity. strengthening leadership capacity. investing in the estate. and advancing major developments that will shape our impact for decades. A refreshed identity Our full organisational rebrand launched on 17 March 2025. including new signage, website. communications and email transition. This strengthened our visibility, modernised our presence. and re-introduced the Foundation to partners and communities. Stren8thened leadership for the fvture A new Assistant Director (Land & Property) joined the Senior Leadership Team on I March 2025. increasing our capacity to deliver a complex estate modernisation and development programme. HeatheTS Development- Better homes for people living with dementia Planning was submitted for 14 new almshouse units in Hartlepool. Specifications were co-designed with people with lived experience, embedding dignity, independence and accessibility into the building from the start. Greatham Wetlands- A landmark environmental partnership Working closely with the Environment Agency. planning permission was approved in April 2025. 12

The Greatham Foundation AnThual repjrt and financval Aatementsfof year ended 31 October 2025 Charityno. 1123540Company no. 06533385 The Greatham Foundation The Foundation is progressing a Landowner Agreement and a 30-year Consepiation Covenant. paving the w3y for long-term ecological enhancement and Biodiversity Net Gain income. Moderni5ing and rationalising the estate A multi-year backlog maintenance programme was mobilised. The new Capital Programme began development. A lettings and management pilot for estate investment properties was launched. A property rationalisation strategywas agreed for assets no longer economic to retain. Impact delivered every day Acr055 all settings. we continued to deliver care and support for an average of 699 people every month, ensuring continuity, rea55urance and stability. Dementia services- Growing our reach The Foundation secured the tender to continue delivering Dementia Services in Hartlepool. reinforcing our strong role in local specialist support. Investing in communities Our small grants programme continued to support charities, social enterprises and community organisations across the NorthEast. Strategic contribulion We played an active role in shaping local systems. contributing to both the Hartlepool Dementia Strategy and the Durham Dementia Strategy Implementation Group. Our plans for 2025126 and beyond Strate8lc Objectlves Our strategic objectives for 2025126 and beyond have been considered by our Board of Trustees and agreed as: l. Consolidate to grow We will strengthen our core areas-dementia care and support, older people's housing, and grant-making while maintsining di5ciplirbed risk rnznagement and ensuring sustainable 8rowth. 13

TheGreatham Foundation Ant)ual reportand financkil statements foryear¢rOed JI 0¢tO￿r 2025 Charity no. 1123540 Comparyno. ¢A533385 The Greatham Foundation 2. Optimising the use of and return from our estate By reducing liabilities, improving compliance. and exploring new development opportunities. we will ensure the estate remains a long-term a55et for Social and financial return. 3. Improve financial sustainability We will invest in stronger finance and IT systems. improve pricing accuracy across all service5, and apply the Total Return Order prudently to SUPPOrt SU5tainability and future investment. 4. Be an employer of thoite We will recruit. retain and value our people. supporting the development of staff and volunteers through strong leadership. a positive culture and opportunities for learning and personal grovrth. S. Provide strong leadership and governance We will maintain an effective Board of Trustees that provides strategic dirertion, upholds governance standards and foster5 a culture of accountability. performance, and ethical responsibility: and a strong. energetic and vibrant leadership team and structure to lead the charity over the next 5 to 10 years. 6. Make a difference Through high quality services- valuing lived experience- supporting research and development; collaboration with stakeholders and partners- and through our Grants programme. Our priorities for 2025126 {November 2025- October 2026) Over the next 12 monthswe will: Complete The Heather5 in Hartlepool. creating 14 high-qualrty almshouse units for people living with dementia. fully co-designed and co-produced with tenants, families and staff. Strengthen our approach to co-production establish dementia advisory groups and Thought Leaders groups. Continue to focus our services on performance, achieving outcomes, quality delivery and keeping people safe. Build on our progress recruiting and retaining the best staff team. 14

The Greatham Foundation nual r¢port and financkil ￿ateMentsf0fVeOTefided 31 October 202S Charity no. 1123540Company no. 06533385 The Greatham Foundation Mobili5e the new Hartlepool Dementia Services contrart. reshaping our service5 and working in partnership. Secure and reshape dementia senrfices in East Durham. Begin delivery of the Greatham Wetlands Project with the Environment Agency, establishing the groundwork for future 8iodiversity Net Gain 18NGI income opportunities. Deliver the backlog maintenance programme, moderni5e systems, and raise Compliance and EPC standards. Rationali5e the estate, reducing high-risk and uneconomic assets through thoughtful disposal where appropriate. Recruit a new Chief Executive and Head of Finance. while tontinuing to strengthen governance. leadership and oversight at Trustee level. Develop the capacity of our finance team to deliver across all of our Se￿ices. Modernise 5y5tem5. enhance cyber security. improve procurement. and upgrade reporting. creating a more resilient. transparent operational backbone. Identify land and development projects that reflert our mission. Advance long-term growth opportunities that reinforce our purpose and financial resilience. Flnanclal Revlew Summary The charitvs total income for the year was £4.5mil 12024.. £4.Imill and total operating expenditure wa5 £5.4mil12024: £4.5mill resulting in an operating deficit of £0.9mil12024: £0.4mill. A net gain on investments of £2.5mil {2024- £5.9mil} has contributed to the overall increase in Total Funds of £2.3mil12024- £6.0 mil) to £54.3mil12024- £52.Omill. The charity invests in its services using its accumulated reserves and the income generated from its investment activities. Over recent years. there has been a restructuring of services and a focus on serwces breakin8 even to support the lon8 term financial strength of the charity and this approach has continued this year. 15

The Greatharn Fuundation Annual report andfiDancial statements foryearended 31 October 2025 Charity no. 1123YO Comyrryfio. 06533385 The Greatham Foundation Principal fundlng sources and results from charitsble artivitie5 The principal source of funding for the charitrfs activities continues to be income received from fees. contract payments and grants for its care and community services. This income stream remained consistent at 73% {£3.3 mill of total income during the year. compared to 73%1£3.Omill in 2024. Income from residential care reached £1.7mil {2024= £1.5mill, reflecting a 13.5% increase compared to the previous year. This growth can partly be attributed to an updated fee structure that better reflects the service provided and the current Costs of delivering the service. Expenditure. including sUPPOrt costs, on residential care services increased by 13.3% to £2.Imil {2024'. El.8rnill with income exceeding operating cost. This represents the ongoing transition away from a substantially subsidised se￿iCe at an operating level. This redurtion in subsidy demonstrates the chariVs progress toward financial sustainability in this area. A focus on prioritising staff recruitment and retention ha5 reduced the reliance on agency workers, helping to control costs and improve servTrce continuity. Community services generated £0.8mil in income. consistent with the prior year. Expenditure for day and community services was up by 5% due to underlying cost pressures. Income from almshouse accommodation was £0.7mil. a 7.9% increase from the prior year. Expenditure. including support costs. driven largely by property-related costs. increased by 18% over theyear mainly due tothe costs of maintenance. This has been reflected in a modest increase in the occupants. financial contribution to maintenance costs demonstrating the charitrfs ongoing commitment to maintaining high-quality housing for residents while managing rising operational costs. Support costs for the year were £1.2mil, an increase of £O.Imil from £l.Imil in the previous year and relate to the c05t of maintaining essential sUPPOrt services including management of the charitVs land and property. finance. human resources, and operational and corporate governance. During the year, as part of its charitable activities the charity awarded £O.Imil in grants to other charities, voluntary organisations. and the Durham and Newcastle Diocese. These grants, along with associated support costs. were fully funded from the charit￿5 own resource5. 16

The Greatham Foundath)n nual report and finoncial 5tatemertsforye¥rended 31 Ortober 2025 harfjty no. 1123YO Comparyno. t￿533385 The Greatham Foundation Results from Investments and Investment pollcy The charity maintain5 a diversified portfolio of financial and property investments, which generate income and capital gains to support its charitable objectives. In response to a redurtion in general reser¥es in previous years. the charity has worked closely with its investment advisors to ensure that the portfolio continues to deliver sufficient income and capital growth to sustsin ongoing operations. The trustees have appointed professional investment fund managers to oversee the financial investment portfolio on a discretionary basis. These managers operate within broad parameters set by the trustees, which reflert the charivs risk appetite and long-term financial goals. The overarching investment objective remains focused on achieving capital growth over the medium to long term. while accepting a moderate level of risk. 5hort-term market fluctuations are anticipated and are not expected to disrupt the charitls core activities. Performance is regularly reviewed against relevant industry benchmarks. Trustees and senior management maintain close oversight. meeting regularly with fund managers to assess results and make strategic adjustments in response to evolving market conditions. The charit<s financial investments 8enefated income of £0.5rnil12024.. £0.4mill. alongside realised and unrealised gains on endowment funds of £2.4mil compared to the £5.7mil gain recorded in 2024. Under a total return order granted by the Charity Commission in 2010 the charity is permitted to draw upon capital growth in the endowmenys financial investment assets to 5UPPOrt it5 charitable activities provided always that the real value of the trust for investment 15 maintained. In this way trustees ensure that due consideration is given to the needs of both present and future beneficiaries of the charity- Details of the total return approach to the investment of the charit￿5 permanent endowment is given in Note 17 to these accounts which shows that the value of the "trust for investment" at 31 October 2025 was £22.Omil 12024: £21.2mill and the value of unapplied total return at that date was positive £l.Imil, 12024 £0.Imill. Unapplied total return represents that part of the accumulated gains on the financial investments which is available for trustees to spend in meeting the charitys objectives or to replenish general reserves. During the year £0.8mil wa5 drawn down from the growth in the endowment investments which will be used for on80ing expenditure ofthe charity with a particularfocus on continuing the programme of repairs identified in the survey on the charivs properties undertaken last year. The charitws Portfolio of investment properties-comprising houses. farms, commercial premises, and other assets located in and around the village of Greatham is managed 17

The Greatham F4undat¥Jn Annual report and financial statements foryearended 31 ottober 2025 Charityno. 1123540 Comparyno. 06533385 The Greatham Foundation internally. As part of its strategic objective to deliver professional property services. the charity continues to prioritise high standards of property management and tenant care. A keyfocus duringtheyear has been the ongoing refurbishment OfprOpert￿5, supportingthe charitys commitmentto beinga responsible landlord. Net incomefrom the property Portfolio for the year amounted to a loss of £156k 12024: profit of £292kl, after accounting for maintenance and support costs. This reflects the charitrfs commitment to maintaining the housing stock in its portfolio. Financial position During the year the charity maintained and enhanced robust levels of assets and reserves. The charitys financial position remains strong and resilient. As of 31 October 2025. totsl funds stood at £54.3mil, reflecting a £2.3mil 14.3%) increase from the previou5 yearfs balance of £52.Om. This growth was largely driven by a gain of £2.5mil on financial investments, resulting from positive market perfonnance. As in the previous year, endowment fund assets continue to make up the majority of the charitvs financial base, representing 91% of total funds. These are primarily held in a diversified mix of financial and property investments. Of the remaining funds, approximately 2% are restricted and relate to assets held in trust on behalf of the Charity of Emma Simpson for Almshouses, for which the charity acts as corporate trustee. Unrestricted reserves remain consistent at 7% of total funds 12024= 7%), providing the charity's financial flexibility and capacity to respond to future needs. The structure of the endowment fund remains consistent, with 47%12024: 45%) invested in listed securities. 33%12024 . 34%) in property. 14%12024 .. 15%} in fixed assets. and the remainder held in inter-fund balances. As at 31 October 2025. the endowment fund's financial investments include an Unapplied Total Return of£l,095k, up from £80kthe previovsyear.The value of permanent endowment investments is expetted to fluctuate in line with market movement5 overtime. A5 at 31 October 2025. the charity held £3.8mil in unrestricted funds12024 - 3.7mill, with 55% 12024 59%) of this total represented by net current assets. The remainder is largely invested in listed securitie5. The charity has maintained a strong liquidity position. enabling it to comfortably meet its operational funding needs. Net current assets related to unrestricted funds remained broadly consistent during the year at £2.Im12024 - £2.2mill. The Statement of Cash Flows shows cash used in operating activities of £2.Omil 12024 £1.2mill Investment income of £2.4mil in the year12024 . £4.4mil} more than offset the outflow from operating activities, resulting in a net increase in cash of £0.4mil12024.. £3.2mill. 18

The Gteatham Foundation Annual report and financlal ststeTrntsforyear ended 31 ottobei 2025 Charity no. IL23S40 Companyno. I￿533385 Greatham Foundation Reserves policy The trustees have adopted a reserves policy to ensure operational continuity in the unlikely event of a sudden loss of income. The policy sets a target of holding unrestricted reserves equivalent to three months of core operating costs-currently estimated at £l.Im. As of the vear-end. the charitvs unrestricted resen￿$ stood at £3.8mil. In light of the charitys overall financial strength-underpinned by Sub￿antIal endowment assets and a strong cash position-the trustees are confident that the current reserves are sufficient to meet the chariVs obligations and support its ongoing operations. The charity continues to progre55 towards full cost recovery in service delivery. ensuring that services not only cover their direct costs but also contribute appropriately to overhead5. Thi5 strategic shift has already yielded measurable improvements and will remain a focus moving forward. Ail of this is done in service of our charitable objertives. The charity maintains a long-term financial commitment to the Greatham Hospital Pension Scheme, a legacy defined benefit scheme for which the charity is the sponsoring employer. The scheme closed to future accrual on 28 November 2023 when the last active member left pensionable employment. The most recent full actuarial valuation. conducted as at 31 Ortober 2025, indicated an artuarial surplus of £244k. This marks the successful conclusion of the previous deficit recovery plan. The next actuarial valuation of the scheme is due at 31 October 2028. The scheme's surplus implies that it has assets to meet Ill% of its technical provisions. Given its financial strength the trustees are engaged in a process to explore the option of a buy-out of the scheme, preserrfing the rights and benefits of its members but de-risking future funding requirements for the charity- Structure Governance and Management Formatlon and legal strurture The charity was first founded in 1273 by the Bishop of Durham, Robert de Stichell, and was subsequently re-founded in 1610 by King James l. The Greatham Foundotion Ltd (formerly the Hospital of God at Greathaml is a registered charity {registration number 1123540} and a company limited by guarantee (registration number 6533385, England and Wales). The trustees of The Greatham Foundation Ltd are directors for the purposes of company law and trustees for the purposes of charity law. The present governing document of the charitable company is the memorandum and articles of a550Ciation dated 13 March 2008. as ornended on 13 November 2024. 19

The Greatham Found¥tyOII Annual reportand financialstaternentsfof yeartnded 31 Ortober 2025 Charity no. 1123540Comparwno. 06533385 The Greatham Foundation The charitable objectives are set out on page 7 of this report. The Greatham Foundation Ltd (formerly the Hospital of God at Greathaml has absorbed or been formally linked with other charities in recent years as follows- Fox Almshouses Trust- absorbed on l February 2008 Hartlepool and East Durham Alzheimerfs Trust-absorbed on l April 2008 Stockton Almshouses Charity and Stockton Relief in Need Fund- both absorbed on 12 July 2010 Charity of Emma Simpson forAlmshouses-linked bycharity Commission orderon 28 July 2017. Further information is given in the Notes to the Financial Statements which accompany this report. Governance arrangements The trustee5, who are also dirertors of the charity for the purposes of the Companies Act, have overall responsibility for the strategy, management and control of the charity. There is provision for eight co-opted trustees, and they are elected bythe existing trustees at a general meeting as vacancies arise and in accordance with the needs of the charity. There is a one- year trial period for new co-opted trustees. Each co-opted trustee may serve for two periods of five years. There are three ex-officio trustees. namely the Archdeacons of Durham and Newcastle and the Bishop of Ourham. The archdeacons take up the fole of trustee by virtue of their position and hold office for as long as they remain in post. The Bishop of Durham holds office for as long as he or she remains in post. The Bishop may, and historically has, nominated someone to act on their behalf for a five-year period which can be repeated. The trustees are required to elect a chair of their meetings at the first meeting of each calendar year. As part of their induction new trustees receive the following documents.. the Trustee Handbook- the latest set of audited accounts: the scheme of the charity.. the memorandum and articles of association: the budget for the current financial year.. the trustee code of conduct,. the trustee declaration of interests which is updated annually,. relevant Charity Commission publications via their website.. the latest timetable of meetings and workplan: Scheme of Delegation,. and Risk Register. The Board of Trustees normally meets five times each year. The Charity's Board of Trustees is responsible for establishing structures for the proper governance and management of the charity and the development of the vision and strategy of the charity in accordance with its objects. 20

The Greatham Foundation nual report afid fin4rKial 5taterrentsft>ryearended 31 Ortober 2025 Charity no. 1123YO Comparry no. C6533385 The Greatham Foundation The trustees have established three committees to consider issues in greater depth and to advise the Board. These committees. which are accountable to and report to the 8oard. are as follows: Finance and Property committee which meets four times a year to provide oversight of the charit(s finances and investments. financial strategy, objertives, plans and policies and the developing property Strategy. The Remuneration Committee which meets at least once a year to consider matters relating to pay and reward. Grants Committee which meets twice a year to consider grant application5 and approve the award ofGrants. The day to day running of the charity and the exercise of executive responsibiltty is delegated to the CEO and the Senior Leadership team. The charity is not part of a formal network of other charitie5. It does. however. have contractual and working relationships with local authorities for the provision of social care services and housing support services and contractual relationships With the local commi55ioning bodies for the funding of community services and residential service5. Statement of public benefft The tru5tee5 give due consideration to Charity Commission guidance on public benefit under the Charities Act 2011. The Greatham Foundation Ltd (formerly the Hospital of God at Greathaml provides public benefit by virtue of its objerts which are to relieve need. hardship and distress. We work to ensure the independence. health, wellbeing and social integration of the people we work with. Where individuals are not able to pay fees. for example in our residential homes, because they cannot afford them, the charity would encourage them to seek state funding. The charity to a greater or lesser extent supports or subsidises all its services from its own resources and this is considered by trustees to be an appropriate use of the charitable endowment in accordance with the legal objertives of the charity. Examples of how charitable funds are used to create public benefrt are: the use of the charitls property and financial assets to support the delivery of its charitable services- the use of charity funds to contribute and add value to service delivery to ensure that the chariVs services are effective. affordable and accessible. the operation of a transport service in our day centres. which enables people to attend who would otherwise not be able to do 50: the expenditure of capital in order to modernise and improve our sUPPOrted almshouses for the benefit of beneficiaries- 21

TheGreatham Fouftdat￿n knnual report •nd finan¢i•l s1¥tem￿tsloryeal ended 31 Ortober 2025 Charity no. 1123540Cornparryno. 06533385 The Creatham Foundation the making of grantsto other charities and voluntaryorganisations in need throughout the NorthEast of England with the objective to relieve need, hardship or distress. Rlsk management and prlncipal risks The trustees have overall responsibility for the management of risk within the charity and view the management of risk as an essential discipline to 5UPPOrt the charity in achieving its goals. The trustees continue to review the major risks to which the charity is exposed as part of their strategic planning role. The CEO reports to trustees on any neworemerging risks as theyarise. Identlfied rlsk Stiateglc Dlrertion: Alms. objertives and plans The charity fails to deliver against its charitable objects The chariVs strategic plan does not take into account change5 in legislation resulting in non-compliance and potential legal challenge Mitlgatlng action Develop strategic plan Monitor and review delivery of the approved strategy Ensure future developments align with agreed objective5 Observe and plan for changes in legislation including change5 in Employment Law. Charitie5 Act. Companies Act, CQC, and Health and Safety at Work Undertake a periodic review ofthe charity's overnin document Effective internal financial controls in place Quarterly account5 presented to 8oard including actual financial performance against plan and variance explained Report from external auditors Diversification of income streams Secure contractual arrangements for Dementia Services contract Financial controls (Strate8ic) Existing systems and processes lead to delays in reporting and do not support long-term financial planning Income from commissioned services Income from commissioned services is impacted by public sector spending restrictions Benefits realisation from Investment Propertie5 Properties are not fit for purpose, resulting in regulatory and reputational risk The future cost of ownership impacts on the financial return of investment properties Investing in the property team to build internal capacity Long-term backlog maintenance programme planned and in delivery Agreed policy for the disposal of uneconomic assets A move to market rents for investment properties 22

The Greath3m F(4Jnd3tlon Annual rewrt Ind finandal stateThntsforyear ended 31 October 2025 Charilyfio. 1123540Company no. (*533385 The Greatham Foundation Piloting new approaches to housing management including outsourcing to a third party partner Monitorterms of office and vacancies Complete skills audit and recruit to identified gaps Deliver robust trustee appointment and indurtion process Active recruitment of Trustees to fill existing vacancies now, and as they arise Work with existing trusted partners to deliver long-term solution5 Consider resource requirements to 5UPPOrt future development Board vacandes and Board successlon plannlng A reduction in the number of trustees in post impacts on the range of expertise and the tru5tees' capacity to discharge their responsibilities Lack of succession planning results in unplanned vacancies Icr systems are not fit for purpose A number of legacy systems are used acr055 the charity and rnay not meet the charitvs future needs Capacity risk of managing coterminous contracts for existing systems Cyber security risks are increasing Statement of Trustees Responsibilities The trustees are responsible for preparing the annual report and the financial statements In accordance with applicable law and UK Generally Accepted Accounting Practice. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements. the trustees are required to: selert suitable accounting policie5 and then apply them con51Stently: make judgements and estimates that are reasonable and prudent: and prepare the financial statements on the goin8 concern basis unle55 It is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Statement of Disclosure to Auditors In 50 far as the trustees are 3ware: there is no relevant audit information of which the charit￿5 auditors are unaware,. 23

The Gieaih*M Foundation Annual report and financial staiermnts foryeartnded 31 ottobei 2025 Charityno. 1123540Company M. (￿533385 Greatham Foundation and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. JBC Accountants are deemed to be reappointed in accordance with Section 48712) of the Companies Act 2006. Thls Trustee5' Annual Report. which incorporates the Strategic Report and the Directors, Report required under the Companies Act 2(K)6 (Strategic Report and Directors Report) Regulations 2013. was approved by the Board on 23 June 2026 and signed on its behalf by: Margaret Bousfield Chair of Trustees Deborah Lewis- Company Secretary oe 24

The Greliham Foundation Annual rekw and finarKial ststementsforyearended 31 October 2025 Charityno. 1123540 Cornpanyno. (6533385 The Greatham Foundation Independent Auditorfs Report Report of the Independent Auditors to the Trustees of The Greatharn Foundation Limited Oplnlon We have audited the financial statements of The Greatham Foundation Limited {the 'charitable compan￿) for the year ended 31 October 2025. which comprise the Statement of Financial Activities, the Balance Sheet. Statement of Cash Flows and notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prartice). including Financial Reporting Standard 102 rhe Financial Reporting Standard applicable in the UK and Republic of Ireland.. In our opinion, the financial statements.. give a true and fair view of the state of the charitable compan¢s affairs a5 at 31 Ortober 2025 and of its incoming resources and application of resource5. including it5 income and expenditure. for the yearthen ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and have been prepared in accordance with the requirements ofthe Companies Act 2006. Basis for oplnion We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUK)) and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financial 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 the financial statements in the UK, including the FRCS Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with those requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work thatwe have performed. we have not identified any material uncertainties relating to events or condition5 that. individually or collectively. may cast Significant doubt on the charitlls ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sertions of this report. 25

The Greatham Foundation nnv•l repurt and finaNtial ststemÈAtslNyear ended 31 October 2025 harity no. 1123540 Company no. Q6533385 The Greatham Foundation Other information The other information comprises the information included in the annual report. other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in 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 gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters presuibed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit= the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements- and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are to report by exception In the light of the knowledge and understanding of the charitable company and it5 environment obtained in the course of the audit, we have not identified material misstatements in the trustees. report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion: adequate and proper accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the actounting records and returns- or certain disclosures of trustees. remuneration specified by law are not made: or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees Responsibiltties. the trustees (who are also the dirertors of the charitable companyforthe purposes of company lawl are responsible for the preparation of the financial statements and for being satlsfied that they give a true 26

The Gre3tham F￿jndaf00n Annual report and finonaal statementsforyear ended 31 October 2025 Charltyno. 1123YO Company no. 06533385 The Greatham Foundation and fair view and for such internal control as the trustees determine necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud and error. In preparing the financial statements, the trustees are responsible for assessing the charivs abillty to continue as a going concern. disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorf5 report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic deci5i9ns of users taken on the basis of these financial statements. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respert of irregularities, intludingfraud. The extent to which our procedure5 are capable of detecting irregularities. including fraud is detailed below.. Based on our understanding of the charitable company. we identified that the principle risks of non-compliance with laws and regulations related to the requirements of the Charities Act and we considered the extent to which non-compliance rnight have a material effect on the financial Statements. We also considered those laws and regulations that have a dirert irnpart on the financial statements, such as the Companies Act 2006. FRS 102 and the Charities SORP IFRS 1021 'Accounting and Reporting By Charities.. We evaluated the risk of fraud through management bias and override of contro15 and determined the risks related to the posting of inappropriate journal entrie5 or manipulation of accounting estimates. Audit procedures performed included: The engagement partner ensured that the engagement team had the appropriate competence, capabilities and skills to identify or recognise non-compliance. Enquiring of management as to their knowledge of actual, suspected or alleged fraud. actual and potential litigation, claims and instances of non-compliance with laws and regulations,. Testing the existence of internal controls in place to mitigate risks of fraud,. Testing the appropriateness of journal entries. identifying unusual transactions; 27

The Greatham Foundation Annual report andfinancial ￿ate￿Nts(OrVeOr ended 31 October 2025 Charity no. 1123510 Comparyno. 06533385 The Creatham Foundation Assessing whether the judgements made in making significant accounting estimates are indicative of potential bias- Oesigning procedures which included but were not limited to agreeing financial statement disclosure to undedying supporting documents. There are inherent limitations in the audit procedures described above. We are less likely to becorne aware of instances of non-compliance with laws and regulations that are not closely related to events and transartions reflected in the financial statements. Also, the risk of not deterting a material misstatement due to fraud is higher than the risk of not detectin8 one resulting from error. misrepresentotion5 or through collusion. A further description of our responsibilities forthe audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or auditorsres onsibilities. This description forms part of our Report of the Independent Auditors. Use of Our Report This report is made solely to the charitable compan￿5 members, as a body, in accordance with Chapter3 of Part 16 of the Companies Act 2CX16. Our audit work has been undertaken so that we might State to the charitable compan￿5 members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable Company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 5iEned- Mrs Lynne Dickson FCA (Senior Statutory Auditor) For and on behalf of JBC Accountants Limited 38 Lockheed Court Preston Fami STOCKTON-ON-TEES TS18 35H Date: 28

The Greatham Foundation Limited Statement of Financial Artivities (Induding income and expenditure account) Year ended 31 October 2025 2025 2024 UnresEri¢t¢d Res¢rIC￿ Endowment funds funds funds Total fund5 Total fvTrds Note Income and endowments Donations and legacie5 Charitable activities Invesrmeni income 10.362 3.2W.615 930.965 10.362 3.248.017 1.290.31 S 4.548.764 35.258 2,985.954 1.081.037 47.472 359.350 Total income 4.141.942 47.4n 359.350 4,102,249 Expenditure E¥penditure on raising fvnds= Inve5trnent manaFment costs Expenditure on £harirable acrivicies (921444) {159,7961 (1.082.240) {541035) 9.10 4.278.339 4.773 4356 112 3.911556 Totsl expenditure 5,200.783 4,773 161796 5 438 352 4.454.S91 Total Income less total expendSture Net unr¢alised gains oft investments {1.05&8411 Q7.301) 196.S54 (889.588) (352.342) 66,362 1,732 1426.170 2,S04,264 5,902,951 Realised gains on disp￿￿ of fixed assets 560.631 560.6J I 421.606 Net in (991479) IIS,S69) 3.183,355 2.175.307 5.972,21S Trdnsfers b*twe¢n fvnds 1.021271 {1.0212711 Other recognlsed gains and losses Gain on defLned benefit pension scheme asset 21 110.0 I10.oDo 92.000 Net movement In fund5 139.792 115.569) 1161.084 2,285.307 6.064.21 S Reconclllatlon of funds Toral fund$ broU8hr forward 3.691357 1.038.174 47.297.723 52.028.254. 45.964.039 Total fund5 rarried forward 3.832.149 1.021605 49.458.807 54.313.S61 51,028.254 29 The Greath￿l Foundation Limited Company Nwnber 06533385. Chariry Number 1123540 Trustee5' knnual Keport and Acclwnts lor the year end¢d 31 October 2025

The Greatham Foundation Limited Statement of Financial Position Year ended 31 October 2025 2025 2024 Total funds Toral fvnds Note Flxed assets Tangible fixed assers Investments 7.95S.163 40.698.677 48 653 840 8.040.448 3&844.591 16 46.885.039 Current amets Debfor5 18 502.233 5.405.290 5.907,523 350.985 5.000.711 Cash at bank and in hand 5,351.696 Creditor& amounts falling due within one year 617.5•1 466.571 Net current w¢ts 5 289.942 4.885.125 Total assets less curren¢ liabS1Stles 53.943.782 51.770.164 Creditor5: amounts fallSng dut after More than one year 20 (86.221) {87.9101 Pension scheme asser 21.22 456.000 346.Q)O Net assets S4.313.561 51028.254 Fund$ of the ¢harity Endovrtnent funds 49.458.807 47.297.n3 Re5tritted fund5 1.021605 1.038.174 UnrestrKted fur￿5 3,692,357 Total charity fund5 54.313.501 S2.028,254 These financHI Statements werè approved by the board of trustees and authortsed for i55ue on 23 ILEne 2026. and are signed on bIh￿f of the boud by.. Margaret Bousfield Chair of trustees 30 The Greath￿ Foundation ￿Mired Company N￿r￿jer 06533385. Charirr Number 1123 Trusrees. An￿￿￿ Report tnd Accounts for the ye•r ended 31 Otwber 2025

The Greatham Foundation Limited Statement of Cash Flows Year ended 31 Ortober 2025 2025 2024 Cash Ilows from operating artivities Net incomel(expenditur•) 1175.307 S.972.215 Adjullments for Depreciation of trn￿'ble fixed wets Net V￿￿3￿0Th (p'ns}ll055es on investments Net Igair>slllossts on disposal of t*n&ble fixed assets Dividends, interest and rents frorn investments Interest payable and similar (hanges Increasel{decrea5el in acuued liabilitie5 208.281 (I$04.264) {560.631) (1,210,315) 9.907 71,043 217.222 5.902.951) (421.606) 11,081,037) 10.063 13&491) Ch%mge5 in." Trnde and othèr debtors- {Incr￿e11deCr￿$e Trade and other creditors- increaselldecrease) (151.248) Y9,794 121,282) 37,349 Cash generated froml(u5ed in) operating artivitses (1.912,127) {1,221518) Interest paid (9,907> {10.063} Net cash generated froml{used In) operatlng actlvlties 1971034 .238.581 Cash Ilows frorn investing activities DivideThds, interest and rents Irom investments Purchase of tanwble assers Proceed5 from Sale of tangible a55ets Purchases of other investments .29D.J I S (165.239) 602,874 (353.485) 1.003.663 1.081.037 159.7481 465.000 {343.6101 3.259.209 Proteeds from $￿t of other investhien N¢t Cash from im7¢stin¥ activities 2.378.128 4,401,888 Cash flow$ from finan¢in8 a¢¢iwities Loan repayments (1,516> <1.3601 Net cash used In Ilnanclng artlvltles 1,360 Ntt In¢reasel(detrease) In Cash and equlvaltnts Cash and cash equivalents at beginning of year 404.579 S.01)0.711 3.161.947 1.838,764 Cash and Cash •qulval•nts at end olyear 5 405 290 5.Cth.711 The Greatharn Foundation Limited. Company Number l)6533385. Numbex 112354Q Tru5tees' Aonual Reporr and Acc¢)unts for the year en4¢4 31 Oaobtr 2025

The Greatham Foundation Limited Notes to the Financial Ststements Year ended 31 October 2025 General information The Greatham Foundation Limited is a wvate company limited by ￿Tantee. rezistered in En8knd and Wales Itompany number 06533385> and a reg￿tered chartty in Engfand and Wales (rebristered charity number I123S40). The charitable company was previousty alled The Hospiral of God at Greatham and changed its name ¢0 The Greatham Foundation Limited lolltswing a resolutbon passed by the Direcrors on 7 October 2024. The charity c0n5utpj￿ a public benefit entity as defined by FRS 102. As corporate trustee the crynpany admini￿er$ the endowmenf fvnd of the Hospiral of God at Greatham whieh is an unincorporred charity Ire&'srerey number 1123540-1). Th¢ endowTnent lund$ thu$ 4Jo not form part of the ¢orporatÈ assers of the tofnpany but are instead held on trurt by the charitable cornpany. In accordance with Charity Cornmi55ion r￿QMMendatIOnS the endowment fund held on trust is included in the financial 5taternent5 of thech3ritable c￿npanY but is di5tin8ui5hed from the charitable compan15 otherfunds. ITh accordarsce with the Charity Commission kheme 0127 June 2002 income generared from invesunenrs Vlthin the charicy, endowment lund becomes available for use by the ¢hrirable tompany in further￿CE gf irs obj¢rrNes as dge5 capitsl groNth on the fir￿(11 InVes￿en￿ ¢r)vered ty the order for roul rerum dated I S November 2010 referred ro in Ntste 17 of ¢hi$ r¢porL Under an Order off￿ Charity Commission dated 28Jdy 2017 the charitable companywa5 appointed sole trustee of ¢he Charity ol Emma Sirnp50n f0rAJmsh￿Ses {charity reg. 222517. now I123540-2I. an unincorporared charity. The charitable <ompany. as corporate trustee. thereby administers the endowment and other fund5 ofthe ChariEy ol Emma Simp50n lor Almshouse& which do noE forn) part ofthe corporate assers of the company bur are instead held on trust by the charitable company in a resrricted ILtnd. In aCcOrda￿e with the Order. the Charity of Emma Simpson for A1rn5hou5e5 15 treated as forniing parr of The Greatham Faundarion knmired for the purpose of hrt 8 (Accourstingl of the Chariries Art 2011. Statement olcompllaD¢e These financial starements have been prepared in cornpliance FRS 102, The FinancFal Reporting Standard pplicable in the UK and the Republic of Ireland. the Statement of Recommertded Practice applicable to charities preparing their account5 in accordance the linancial Reporting Standard applKable in the UK 2nd Republic of . Ireland {FRS 1021 (Charities SORP {FRS 1021) and the Charities Art 2011. Accounting policies Basis of preparatlon The financi￿ Statements have been prepared on a historical c05r basi& as modthed by the reyalvation of ceryain financi￿ a$5ets ar￿ liabilitie5 and ￿veStment properries measured at fair value through income or expenditure. The financial ststements are prepared in GBP Ipounds strrling). which is the functional eurren¢y of the enirty. Going concern There are no material uncerthnries about th¢ charl￿$ ab11￿Y ro continu 32 The Greatham Foundation LThnited. Company Number f%53338S, Chanty Nurnber 112J540 Trustees. Report and Acc¢Jvnts for the year ended 31 October 2025

The Greatham Foundation Limited Notes to the Finanelal Statements Year ended 31 Ortober 2025 A¢¢wnting pollcles (cffitifvve Fund accounting Unrestricted funds are arilable for use ar the dixrtrion of the rrusrees to fvrther any of the charirfs purposes. Deslgnated funds ¥e unres¢rKted funds eamNrked by the tntstees for specthed future projects or commitments. Restricted funds are s￿￿'erted to restrictions on their expenditure declared by the donor or through the rerm$ of an appeal and 1211 into one of two sub-classes.. resrricred income funds or endowment fijnds. The charity's resrricred lunds C¢>mprise irs pernwient endowmen¢ the Stocktorb Keltef in Need endowment fund and rettritted lund5 relating to The Charity of Emma Simpson for Almshi)u5e5 a5 referred to in Npte l. Income recogrwtion Incorne 15 included in the suternent of fin￿¢1/1 whtn entidement has passed ro the charity. it is probable that the economic benefjts a550CRted with the transaction wll llow w the tharity and the arrK¢Unt can be reliably rneasured. The following points are applied to particular categories of incorne.. Income from dpna¢ions or grants is recogni5ed when there is evidEn¢ of enutlement to the receipt is probable, and its arnount can be meuured reliably. Don4¢¢d f•cilities and serrices are reco￿lSed in the xcounrs when received rf the value can be reliabEy measured. No amounu ¥e th¢luded for the ttnrribuu"on of general t￿unte¥L Income from Contracts for the supply of serwces is recogni5ed upon the delivery of the contTrcred seThiEe. This is classified a5 unrestricted fiJnd5 unles5 there is a contractual requirement for it to be spent on a particular purpose and returned rf unspenl in W￿Ch case it may be regarded as re5tricthd. Expenditure re¢•8nition Expendiwre is rttOWi5ed on an a¢£rua15 basis as a IAlliry 1$ Fn¢urred. Expenditure MKludes any tAlue added which cannot be fully recovered and is th55Tfied under the headin¥ of the Sutemtnt of Trn¥Kial A¢fi¥iti¢S to which it relate& Exp¢ndr¢ure on raising fvnds includes the costs af all fundrri5ing a£￿ties, events, non<haritable tradinz a¢tivicies. and the salt of donated gotsds. Expenditure on charitable att￿lOeS indude5 all costs incurred by the charity in Underta￿n% aCti￿lIeS thac furrher irs charitable aims for the benefic of irs benefiCi￿e$. including those support costs and cost5 relating ¢0 rht govem¥n¢¢ ¢f the charity apportioned ta ¢hritable activities. Other expenditure includes all expenditure that 15 neither related to rnbsin¥ funds for the nor p¥r of its expenditure on charitable acti¥ities. AJI ¢osrs are 3RoUted fts ¢xpendriur¢ categories reftecting the use afthe resource. Direct costs attributable to a single acri￿rY are allocated directly to that actmty. Shared ¢osts are apportion¢d btheen the attivities they contribute to on a reasonabl< juwfRble and Com￿sEen( ba￿. 33 The Greath3m Foundation Lirnite4 Compny Nurnber 06S33J8S. Chariy Number 1123540 Trus￿$, Report Ind Ac£tsunts for the year ended 31 Ortober 2025

The Greatham Foundation Limited Notes to the Financial Statements Year ended 31 Ortober 202S A¢¢ountini policies (torttnue Tanglble assets Tangible are inio4lly recorded at cost and subxquently 5tsred x rost te$5 any ¥¢tsmular¢d d¢preciadon and impairrnenr lo55e5. Any unyble a55ers rarried at revalued amounts are recorded at the fair value ar the date of rerd1Uatyo￿ le55 any subsequent accumulated depreciation and 5ubseqvent accumulated irnpairment1055es. Increases and detrases in the amount of assets beuus¢ of revalualic￿ are recognised in the SratemeAr of Finan¢o1 Activifies. Depretiation Depreciath?n is calculared to write off the cosr or vahjauon of an assek l¢M ifs residual Value. over ¢he useftjl economic Irf¢ 01 thar asse¢ as follows: Freehold property Equipment 2.5% reducing balan 20% reducing balan In¥ertments sted invesonenTS are ￿lsured at flir value Vthllth thanze5 in fwr Tfilue be￿8 reco8nised in income or eyenditure. Invertrnert property The trustees carry out a review ol the ￿UatiOn of the investment properties each year using in-house resources or extern31 resource5 rfapproprR*. Any adjustments to fair Y￿￿e (rom the pre￿0￿5 finaThc￿ year are recognised in income or expendityjre. Financial instruments A financial asse¢ or a finanual liabiliry is re¢o8ntsed only when the tharity betomes a party to the tontrdctual proMllsion$ of the instrumenL 835ic financil instruments are initialty reCO￿lsed at the amount receNable or payable indudmy any related tran5actiori costs. Current a5sers and cvrrent IAbiliTies are subseguendy measured ar the cash or other consideraEion expecced be paid or received and nor discounted. Where inve5rments in 5hare5 are publicly traded or ther fair ¥a￿e otherwise be measured reliabty. the investment 13 subsequendy mwured a¢ fair value with changes in fair vilue reco8nised in income and expenditure. Defined contribution pension schemes Contributions to defined contribuuon pension schemes are recogntsed as an expense in the period in which the serrice 15 provided. Limited by guarantee The chariiy Is a company limited by 8uarantee and has no share Cap￿al. In the event ofthe charity being wound up the liability in respett of ¢he guarantee is limited to £1 per member of the chariy. 34 The Gr¢atham Founthion ￿rn￿ed. C<mpany N￿r 06533385, Chariry Numb¥ 1123YO Trustées, Aonual Report and Accounts lor the year eoded 31 Ocwber 2025

The Greatham Foundation Limited Notes to the Flnancial Statements Year ended 31 Ortober 2025 Donations arbd legacies Unrestrlcted Total funds Unre5tritt¢d fi￿dS 2025 fun& Total funds 2024 D•)natio Donati0Th5 and le8a¢ies IOJ62 10.362 35.258 35.258 Sponsorship and other Sponsorship and other I￿ornE 10.362 10.302 35.258 35.258 In¢om¢ from ¢hritble activltles Unrestricted ftestricted Endowment Totsl funds fvnds l￿d$ funds 2025 Re￿dentIal rare .734.656 832.860 632.505 594 .734.656 832.860 679.977 594 Community seThices 5upport¢d alm$houses Other ch¥iuble *aivipes 47.472 3 200415 3.248 •17 Unre5rricred funds Re5￿Cted Endowment funds funds Total funds 2024 A￿ldentIal ¢•r¢ 1.528.9n 826.425 586.317 473 1.528.972 826,425 630.084 473 Community seM¢es Supporc¢d almshoUS¢S Other choriuble acriviries 43.767 1941187 43.767 2,985.954 35 The Greatham FtymO•iion Corwy Nwnber 06533385. Charity Number 1123540 Trnstees. Annu￿ Rewt Accounu for the yw ￿ded 31 October 2025

The Greatham Foundation Limited Notes to the Financlal Statements Year ended 31 October 2025 Investment incomt Unrestrl¢ted Restrlrted Endowment Total funds fimd% fund5 funds 2025 Income frc¥n investmenr properyies Interest and thvidends 840.150 840.156 450 159 359 J50 930 965 359 350 290315 Unrestricted Resvicred fvnds ffiJnd5 Erbdowment funds Toral funds 2024 Incyne from In¥e5tmenr pr<yerties Interest and d￿ldendS 661224 63.384 668,224 412,813 349.429 731.608 349.429 1.081,037 Investment man8￿ment ¢0sts Unrestrirted Restrirted Endowment Totsl funds funds fi￿d$ nds 2025 Portfolio managernent Property repairs and rnaintenanee (harF5 Support CV5ts 159.796 159.796 698.550 223 094 698.550 92 159796 1002 240 Unrestricted fund5 Restricted fund5 Endowment fvnds TO￿ funds 2024 Portlollo management Property reprs and maintenance charge5 Support costs 165.384 165.384 203.015 173,636 203.015 173.636 376.651 165.384 542.035 36 The Grtakn FoutythDon tsmited. Company Nwnber 06S3338S. Charity Number 1123540 Trustees, AThn￿ Ryrt Accounts for the year thderf 31 0¢t￿tr 2025

The Greatham Foundation Limited Notes to the Financial Statements Year ended J l Ortober 2025 Expenditure on charitable artivltles by furbd type Unrestrlcted Restrirted Endovmient Totsl funds fund5 funds funds 2025 Residential care 1,638,004 793.565 537.043 90.531 12.549 1.638,004 793.565 591.242 93.531 12.549 Community serrices Supported almshouses Grants ndrwsing fvnd ¢osrs Other ¢haritable 3etTvir 54.199 J.oDo Support cos¢s 1.206.647 4.278.339 20.574 74.773 227 221 3.ODO 4.356.112 Unr¢scricEed Restricted fvnds funds Endowmen¢ funds Totsl funds 2024 Residential care 1.456,352 771,398 461.4 91.520 &932 1,456,3S2 771,398 497,056 101.520 &932 Comrnunity Services &Jpported a1rn5house5 Grants 35.656 lo,￿0 Fundraising fund costs Other charitable actsvitses Support f05¢5 1.060.599 16.6 1.077.298 3.850.201 51355 10.ooo 3.911556 10. Expenditure on ¢haritable artivitles by artlvity type ActlvStles undertalren directty Support Total tosts TO￿ costs 2025 2024 Residentyal Cart .638.004 793.56S 591.242 93.531 12.549 435.920 411.426 361041 17.834 2.073.924 1.204.991 953.283 111.365 12.549 1,830.875 1.147.119 807.488 118.142 8.932 Communiry services Supported aJmshous¢s Granrs Fundraising fvnd tosts Other charirable activiDes 3,128,891 1,227.221 4,356 112 3,911556 AJI grwts rnade were awarded to or8ani5at￿Tr5 and no gr2nrs were paid ro individuals. The highest grant awarded to any organisation during the year was £3.¢XQ and no single orgnisaDon received more than £3.Cth in grants thjring the year. Al grnnts awarded are ￿cOndI￿1)na1. 37 The Greatham Foundation Limrted. Company Number 06533385. Charity Number 1123540 Trustees. Annull Repwr nd Accounts for the year ended 31 Ocr¥ber 2025

The Greatham Foundation Limited Notes to the Financlal Statements Year ended 31 October 2025 I l. Ne¢ unrtalistd gains on Investments Unrestrirted Restricted Endowment Total funds nds nds furbds 2025 Unrealised 8wnsl{loMes) on listed investments Unrealised ￿nsI￿O$Se$) ¢)n investment properries 66.362 11.732 2.426.170 1504.264 2.426 170 2 504 264 Unrestricted Restn'cted funds funds Endowrnent funds T¢xal fiJnd5 2024 Vnre•li$¢d rAin￿{l￿Se$} on lisred In¥e5rment5 Unreali5ed 8ain51{losse5) on investment propertie5 143.621 10.960 2.949.898 3.104.479 2.798,472 2,798.4n 143.611 10.960 5.74&370 5,902.951 12. Net Income 20Z5 2024 Nec incorne 15 Stated after rhar8i Auditor's remunerdrion D¢pre¢i31ion of tan8ible fixed assets 11,340 208 281 10.6Q) 217.222 219621 227.822 13. Staff Costs The total staff costs and enwloyee benefrts for the reporDnK period are anatysed a5 follo 2025 2024 Wages and salaries SOCI￿ Security costs 2.319.149 242.129 2.058.911 164.719 Employer contributions to defined contributyon pension 5cheme5 Employer ContributK￿5 to defined benefir pension schemes Opernting costs d defined benefit pension schemes 69.743 44,298 49.011 51.304 2.696.795 2.368.243 Further detsils pensions and )ther poll-ry•loyThenr benefirs are given in Nott 22 ro these accounts. The Gr¢atham Foundarion knmited. c￿￿Y N￿nber 0653338S. Charny Nwnber 1123S40 Tn￿the5. Report and Accounts for the ye¥ ended 31 O£t¢*er 2025

The Greatharn Foundation Limited Notes to the Financial Statements Year ended 31 Ortober 2025 The average held count af employees during thè yw 101 12024: 98) ansed as lollows.. 2025 2024 4ngemen¢ and •tlmiThistyu¢n Care sep4ices 15 84 82 98 The number of employees whose remunerdtion for the year fell With￿ the follo￿￿8 band& was." 2025 2024 90.C¥)O to £99.999 70.¢￿0 to £79,999 Key Management Personnel Key managemenr ￿T$1)nn￿ indude all pewe that have authoriry and responsibliry for planniw dire¢rlng. and eolltrolling the a<y￿tIeS of the tharity. Th¢ totsj ¢ornpensation pwd to key rnana¥emefjt personnel for services provided to the charity W35 £324.378 {2024: £280.886}. l& Tnjstee remuneratlon and expenses No remuneration was paid to the trustees. 15. Tanglble fixed assets Freehold property Equipment Total Cort Ai 31 O¢rober 2024 11878.710 165239 167.419 13.046.129 165,239 Additions at cost Revaluations Disposajs AC 31 Ottober 2025 81S40 82.540 11961.409 167.419 13.128,828 Depre¢iatlon At 31 October 2024 4.894.364 197.059 40.29 5.005.681 208.281 40.29 Charge for the ye¥ Disposals At 31 Ottober 2025 5.051.126 122,539 5.173,665 Carryinz amount At 31 October 2025 7 910.283 44.880 7.95$ 163 At 31 October 2024 7.984.346 56.102 040,448 The Grt¥tham Ctrfnpany Number 06533385. Charrty Nunknr 1123540 Tru#¢es' Report and Accounrs for the year end￿ 31 Octcer 2025

The Greatham Foundation Limited Notes to the Flnancial Statements Year ended 31 October 2025 16. Invertments List¢d vestments Investment properties Tot•1 Cox or valuatlon At 31 Octr&er 2024 21744,466 353.485 {l.CQ3.6631 1501,264 24.598,552 14100.125 38,844.591 353.485 11,CK13,663) 2,$04.264 16.100.125 40,698.677 Additions at Cost Disposals Fasr value movements At 31 Oct¢￿er 2025 Impairment At 31 October 2024 Impairment arising during year Di5posa15 At 31 October 2025 Carrying amount At 31 Ortober 2025 24 $98 5S2 16 100.125 40 698 677 At 31 October 2024 22,744,466 16.100.12S 38,8M,591 All investments shown above are stated at valuation. Litt￿ inve5¢ments The Chari￿$ listed investments are largely hdd within a portfolio of investments rmnaged by the charitls professional fund managers with some add￿0￿11 direct holding5 in common investment funds. The managed portfolio holds invesrmenrs in the forni of equities. fixed irKome securitie& hedge fvnds and commoditie5 all of which are part of publicty Erdded marltets where tradin8 is based upon quoted price5. The fair value of all holdings is based upon the quoted market prices of the drious holdings. The managed porrFolio also iThcludes loreign currency ¢onirn¢rs whith •¢f as a hedg aDinst the effect of currency llucctsaritsns within the pordolio. The fair Value of ftsr•gth ¢urren¢y f¢rYr4r4 ¢0firrn¢rs within the managed portFoli¢ is basd on the drfference bety4e¢n the exchange rdtt agreed a¢ the inception of the foTh¥ard ¢onrr4¢r and the exchange rat¢ prevailing ar the reporring dat¢. An anaJy5is of IF5ted investments by hjnd 15 as fdlow5: 2025 2024 Permanent endowrnenr ftjnd 23.072.037 173.023 21.302,657 Non.perm2nent endoyrtnenr fvn¢ts 16&411 Tod endowment fijnds ZJ.245.060 91.393 1262 099 21.469.1168 79.661 .195.737 Restritted funds Unrestricted funds 24 598.552 21744.466 The Greatham knrned, Cryany Nwttber 06533385. Charity Nurthr 1123510 TrLfStees' knnual Keporr and Ac<ounts lor the year ended JI October 2025

The Greatham Foundation Limited Notes to the Financial Statements Year ended 31 Ortober 2025 Investment propertles All investment properries are held tHithin the lthired knngthm. The wwesrment properyies are staled at open marker nluv¢Jn whith represents their fw"r 3lue w the charity. The valuation of the farms 15 based upon a fvll prokssional v31uation carr￿d out in january 2025 by SI￿11S. Trustees carried a revaluation of the residential ren￿ propertie5 contained wthin the portfolio during 2023 and there has been no material change to that valuation since then. The ¥￿￿ation of ¢ommer¢ial properyies ks based upon a full profes$loNI vahu¢ion which was Carrled ou¢ in 2013 by Thomas SteYen50n. Chartered Surytyor The policy is for tru5tee5 to rewew inve5trnent pr¢Vrties on an arthual basis. The trustees have deterniined that no change is required to the'valuation of the charl￿$ commercFal properties at 31 Ottaber 2025. The invertm￿r properties are assers of the charl￿$ pernianent endowment fund. 17. Total r¢¢wn approa¢h to Investment of permanent tndowm•nt The charity's listed investments include the dwity's managed enth)wment fund investment portfolio. This portfdio is accounted for on a rotal return bui5 in accordance with an order lor tot￿ return received on 15 November 2010 from the Chari¢y Commi5sioN The mtsv¢menES in the tnjsc for investsfi￿( and the unapplied rotsl return during the year are set out belo¥r. Trust for irwestment Unappl totsl return Total Endowment investments subject to total At 31 Ortcber 2024 Gifc ¢omponen¢ of the pernianent endowMent Unapplied tod rerurn A¢ 310ttober 2024 21.221380 21.221380 80.277 80.277 21.222,380 80.277 21.301657 Movements in the reportlng perlod Investment retyrns- i¥idersds and int*re 353.484 353.484 Invescment retums - rellised and unreaJi5ed ins and Oosses) Addirions to trnst for investmenr 1419.559 1419.559 Income repaid to unapplied to￿ return ￿ year Less: knvestrnent manzgement ¢osrs Drawdown of total return during the ye¥ Totsl movements in the reportin8 period before rransfers {158,663) 845.0th) IIS8,663) 84S.000 1.769.3 1.769.380 Transfer from unap￿￿ Coul return to maintain real value of trust for investment 754.573 754.573 Net movements in the reporting period 754.573 1.014.807 1.769.380 At 31 October 2025 Gift component of the pemianent endowment 21.976.953 21.976.953 1.09S.084 Unapplied total return 1095 004 At 31 Ortober 2025 21976.9S3 1095 084 23 072 037 41 The Grea￿rn Fowidw"¢n Limrtrt Cw¢pny N￿nber 0653338S, Chrity Nwnber 1123S40 Trvstees. Annual Reptrrt and Atc¢)urtts f¥r the yw ended 31 Oetttber 1025

The Greatham Foundation Limited Notes to the Flnancial Statements Year ended 31 Ortober 2025 Each year the tharity makes a transfer from unapplied totsl rewrn to the tnjst for endowment to maintsin the real value of the rrusr for investrnenl Thi5 transfer is based on the change in the Consumer Price lrtdex during the year. During the Ye￿ ended 31 Orfober 2025. the amounr transferred to maintain Ehe tw$¢ for iTrv¢stment was £754.573. 18. Debtors 2025 2024 Trade debtors 67.892 178.702 255.639 502.233 90,892 132,680 127.413 Prepwd expenses A¢¢rued in¢ome and Sundry debtors 3SO.985 19. Croditors: amounts falling due within one year 2025 2024 Trade £rediwrs J45.67Y 217.149 53.066 1.689 617.581 284.258 146.106 34,691 1.516 AcCru￿S and deferred rnc¢)me Social Security and other ttxes Monzage loan 466.571 20. Creditors: amounts fallins due after more than one year 2025 2024 87.910 86.221 87,910 The rr￿rt￿2 k)an was Txanrferred ts) the ¢h•nry the st￿ Almshou¥ Chariy during the y¢or ended 31 Ocrober 2010. The nw8wge IDan 15 Secured by a W charEe o¥er the F¢4>Qny at Trinity knckton on Tee 21. Penslon xhem• ass•t Pen$lon and slmllar oblizations Note 22 At l Novernber 2024 346.0 I10.OCK) 456 000 Increase in asset during the yer At 31 Ortobèr 2025 This represents the net ￿U4110￿, under FRSIOZ of the a55ets and liabdities of the Greatham HosPital PeThsion SthÈmÈ, I defined benefit pension scheme of whith the charity is rhe sose sponsoring employer. Funher infrKmation abour this scheme and is yven in Note 22 bebw. 42 The Gr￿thIM F￿nd￿li￿n knmired. Ctxxpany Nwnber06533385. Chariry Number 1123540 Trustees. Arw)ual Report and Accounts for the year ended 31 October 202S

The Greatham Foundation Limited Notes to the Financial Statements Year ended 31 Ortober 2025 22. Pensions and other pOrt￿mPlO￿eTrt benèfits Deftned contributlon pbans The amO￿t re£wised in wienditure as an expense in relation to defined Contributi￿ pla05 Ivas £69.743 (2024.. £H.2981. Defined benefit plans The charity opeTrtes and is the 5de spon50ring employer of the Gretham Hospital Pension Scherne I'the scheme"). a defined benefrt pension scheme which provides benefits based on salary and lertgth ol service on retir￿en¢ lea￿n¥ service or death. The pension scheme closed to new mernb¢rs gn 14 December 2005. The l•sr a¢five member left p￿sK)nable ser¥ice in November 2023 and as a resubl the stheme 15 now ¢hsed ¢0 lutvr¢ b¢ntfit a¢¢rual. The scheme is managed by a board of trustees appointrd in part by the tharity as sponsoring employer, and in part from elections by members of the scheme. The trustee5 of the stheme hav¢ responsi￿llrY for obtaining valuauons of rhe (un4 administering benefir paymenrs and investing the scherne'5 a5seTh The tru$￿$ of the s¢heme delerdtt some of these fvn¢(ions ¢0 their professional ath.sers where appropria The scheme exposes the tharity to severdl ri$k&" Investment risk The scheme holds investments in asset cla55e& Such as diyersffied zrowth funds. which have volaule market values and, while these assets are expected to provide real retums over the long rerm. short-tsrm can cause addiuonal funding to be required rf deficits emer8e. Interert rate rl$k The sthemÈ's liabilit¥ calcuTrated in accordance with the requirernents of FRSI 02, are assessed using marketyield5 on hi8h quality ¢orportt¢ bon¢ts to discount the liabilities. As the scheme hold5 assets das5es such a5 drwersifd wowth funds the ¥￿ve d the assets and liabilicies may nor move ITh the same way. InllatSon risk. A significant proptsrrion of the benefits under the 5theme are linked to inflation. Alchough the schemt's assets arè txpecttd to PrO￿de a good hedge against infiation over the long ternl movements over the short term could lead ro defici￿ emeryng. Mortality risk. In the eventthat memb¢rs liv¢ l¢)figer assumed defictts may emerge in the scheme. The Scheme 15 subiett to the Statutory Funding Obiective under the Pensions Act 2004. This means that the scheme must have sulkient and appropriate assets to cover its techThical provrsions li.. the amounr of money expetred to be needed now to pay rhe promised benef￿ of members 35 they come up for payment in the fufurel. A valu2rion of the scheme is c2rried out at knst once every three years to detem)ine whether the Sotu¢ory FundinE ObJ'e¢cive is meL As yrr ofthis prts¢ess the char￿. as sponsoring employer. rnust agree with the trustees of the scheme the Contributions to be paid co meer the Suwrory Objecti The most recent comprehensive actuarial ￿uatiOn of the Scheme vrts c¥ried our as ar 31 October 2022. In line with the current Schedule Ofcontritr￿onS dated 12 J￿Y 2023 the tharrty expecfs to ￿Y no CCn¢riburions during the year to 31 October 2026. The 31 Octobtr 2025 waluarion is in progress at the date of Si￿1n% these accounts. If this valuation revea deficit the tharity. 35 Sponsoring wnployer. may be required to pay future cortributions into the Scheme. The tharity administers the scheme and meets ruTrnin8 cosrs ol the xhem& During the year ended 31 October 2025 the tool of al such costs ar1V￿nEed to É65.77412024.. £33,641). excluding the 7Kes and s•l*ries of Hospital God managemen¢ and staff who •ssis¢ with the administration of the stherne. There were no pkn am￿dM￿n￿ CurrikT￿ls or s¢¢d¢men￿ dLwing the penod. 43 Th¢ Greatham Foundation Limited, Nuwthr 06533385. Chèrity Nurnber 1123540 Trustees. ReFAxr and kC4yjn￿ (or the year ended 31 Octcber 2025

The Greatham Foundation Limited Notes to the Financlal Statements Year ended 31 October 2025 At 31 October 2025 there was • in the Kheme Of £4S6.0th). d¢uhted In acwrdante the requirements o( FKS102 and b35ed on the ￿SUmptIonS set out below. This compare5 with a surplus of £346.OC at the preous review dat¢. The increa5t in the surplus over the period 15 rroinly due to changes to the financial assumptions used w value the Irabilityes and the ￿lOwanCe for the 31 Ocwber 2025 actuarial ￿lUatiOn which has reduced the value placed on the liabilmes. This has been offset to some extent by the return on assets being lower than expected. The surplu5 is recognised as an asset ffi these accounts at it is considered that this $urplus 11 generate a future economic benefit for the ¢hariry beouse the 5cherne deed allow5 for the repayment to the employer ol any residu￿ surplus rem￿nI￿ upon the evenwal rniinauon of the stheme after all liabilities to members ¥d xpen5e5 have been fijlty settled The following disclosures are made in ac¢vd•n¢¢ with th¢ r¢quirwnrs of FR5102. Fyres are shown rounded to the nearest £l.000. The amount recagnised in the State￿TrI of Finanrial Position is as folow5'. Amounts re¢ognised in the Statement of Financial Position Asat 31 Ortober 2025 Asat 31 October 2014 Fair value of as$ers I420.￿0 2,514.CX)o Present value ol funded obligations Net defined benefit asset {1.964,C)01 456.000 (2.168,C)o) 346,000 The fair v￿ue of the s¢h¢me'5 Investment a55ets at 31 Ortober 2025 ana￿Sed by maior asset class is as follow5: Asset ¢las$ 31.Ortober 2025 JI October 2024 Di¥er5ified growth fund 49LC 492.000 Index linked &lts 1.400.fM) 1,508.000 Corporao bontJ$ 381.OCKI 377,000 Fixed gilts 123.000 122.C Nef ¢urr¢nr asseu 24,000 I5.C￿0 Total 2,420,01)0 2.514.000 The Greath*m FtyJn¢htion Limithd Company Number 06533385, Chariry Number 1123540 Trustees. AThnU￿ Kepon and Arts￿￿1$ for the year ended 31 October 2025

The Greatham Foundation Limited Notes to the Financial Statements Year ended 31 October 2025 The change in the fwr value of the Kh￿¢.$ assets over the year is a5 follo Year ended 31 Ortobe 2025 Year ended 31 O¢¢c•ber 2024 Change in fair Value of schem assets Fair Tnlue of xheme assets a¢ the b¢glnning of the year Interest on 355ets 2.514.O¢JO 1379,000 130.(th) 130,C#)O Clwity's contribution5 pwd to 5cherne in year 49.OC) Contributions by scheme parnpants BeA¢firs paid by scheme in year I137.(￿> <117.LTrXI) Administr4ty0n ¢0 Change due to Set￿e￿￿Thts Return on scherne assets less interest 187.CQOI 73.000 Falr value of xheme assets at the end of th¢ year 2.420.000 2.514.000 The attual return on the scheme's assets during the year was a gain of £43.0￿J12024.. of £203.1)00). The change in the present value of the scheme's fimded defined benefit liabilities over the year is as follo￿. Change ITr Pre$￿t value of d¢fined benefit liabilities Year ended 31 Octobv 2025 Year ended 31 October 2024 Defined benefit liabilities of the scheme at the beginning of the year Current service cosr 2,168,000 2.125.000 i.LY)o Contritrmjtions by scheme participants service cost In¢trs¢ cos¢ 11 S,¢￿0 Benefit5 paid by scheme in year {137.LTh)Ql {117.(￿0) Change the EO Setdements Experien¢e tsw"nVloss on liabilities 167,IXKI) Change5 ¢0 demographic a55umpu¢)ns {23.(M)) Chw to ffin3n¢ial assumptions (88,(￿)) 'Defined benefit liabilities of the xheme at tht end of the year 1.964.lJOO 2,168,000 45 The Greatham F¢¥Jnthatitin Ctyfipny Nuner06533385, Charity Nurnber 1113S40 Tn￿1¢¢1, Annual Report and Accounts for the year ended 31 October 2025

The Greatham Foundation Limited Note$ to the Financial Statements Year ended 31 Ortober 2025 The weighted average duration of the defined benefit obligation 15 around 12 years as at 31 October 2025. The ner amouni re¢o8ni5ed in the Statement of FwwicRI Acti￿￿& is as fvllo Net amount recognlsed Sn the Statement of Financial Activities Year ended JI October 2025 Year erided 31 October 2024 Toul in¢omel(wsrs) re¢¢gnise<l in the year. as de￿Ied below Total re-measuremtnt lain￿(lo$Se5) in the r, as detailed below Chartys contributwjns paid to scherr* in year Net amount recognised in the Statement of Financial A recognised in the year Current service cost Administrdrion ¢osrs Interest on liabilities I Is.rJ)O Interest On a5ets (130,0(W)) 1130,0001 Pasr service cost Seulernent C05t Total rostsl(income) recognised in the ear (19.000) (14.000) The re-measurement Dins and losses re on liabilities Losses1(gains) from changes to demographic a55um ons {67,iJ)O) {23.CW) L05sed(gains) from changes to firwKial as5Urn tion5 Total re-measurement losse51(8ains) nised in the 188.CMJO} 44,000 (91.ODO) (29.000) The Greatham Foundation tirnited, Coffpany Nurnber 06S33385. Charity MJmber I123S40 TnJsr¢es' Ann￿￿ Report and Ate(Junrs lor the year ended 31 Oewber 2025

The Greatham Foundation Limited Notes to the Financial Statements Year ended 31 Ortober 2025 Principal awmptions The Vincip￿ assumptions used to cakulate stheme liabilirie$ in aceordwKe with FRS102 ¥e as follows.. Asat 31 October 202S. Asat 31 Ortober 2024, Discount rate Infiau4)n 3.30% Inllaiion 2.4S% 2.85% Pen￿Oft increases . di$¢re 1.22S% 1.425% Penslon increases- CPI S% 145% 2.85% Pension increase5- RPI Max 2.5% 150% Post retirement mort￿lty S3NA tables wrth CMI 2021 proiections using a lon8-term improvement rnte of 1.5VA 53NA wtth CMI 2021 projtttions using a long-terni imprtsvemènt rdte of 1.50% Commurautsn Member5 are a55urned io take 20% of their p¢nsign as cash at retirement Ufe expectancy at ale 65 of ffi￿e a¥ed 45 23.8 24.2 Life expettancy at age 65 of rnale wd 65 22.2 fe expettarKy at ale 65 offefflale ¥ed 45 26.2 26.7 fe expectary at age 65 offemale 38ed 65 24.6 25.1 47 The GreattrAm F￿J￿dItIOn LirrMLed Company Number 06S33385. Chariw Number 1123540 Trusrees. A￿v￿ Repory and A¢£ounts fly the year ended 31 Ortober 2

The Greatham Foundation Limited Notes to the Financial Statements Year ended 31 October 2025 23. Analysis of movements in charitable funds Unrestrlrted fund$ At 31 Ocwber 2024 Income EXP￿dIt￿re Trartsltrs Gwns and At 31 Ottober 2025 General fiJnd 800.641 4.131.580 {4.814.99T) {115491 663.810 176.362 957.396 Fundrnisinglund Development fund Extraordinary repair fund Pensions reserve fund 75.751 10.362 73.564 13 15.965 {373.23T) 358,461 1301.189 s00.fMJ) 500.000 3.692.357 4.141,942 5.2fy).783 1.022.271 176.362 3.832.149 At 31 Ottober 2024 Gai#s ènd At 31 O¢cober k+sse3 2025 Restrlrted funds Income EXp￿dr[￿re Transfers The Charity of Emma &mp50n for Alm5house5 I.OM174 47.472 74.773 11.732 1.022,605 1.038.174 47.472 4.773 11.732 1.022.605 Endowment funds At 31 October 2024 Income Expenditure Gains and At 31 October losses 2025 Transfers Endowment fund 45.418.350 354.191 (159.796) (1.625.146) 2.981.395 602.87S 46.968.994 Building funtl Stockton Rdief in Need lund 1.725.033 2.327.908 154.340 5.159 161.905 47,297.723 359.350 161796 1.022.271 2,986,801 49,458,807 48 The Greatharn FoundaiioTh knmited. Corrp/ny Number 06533385. Charity Nwnber 1123540 Trvstres. knnual Repory Ac<ounts for the year ended 31 Ortob¢r 2025

The Greatham Foundation Limited Notes to the Financial Statements Year ended 31 October 2025 24. Analysis of net a55ets between fund5 Unrertricted fvnds Re5trirted funds Endowment funds Total fund$ 2025 Fixed assets Tangible frxed assets Investment5 - investment pMpeni¢s IDve5tment5 - listed investments 771,737 7.138.538 16.100.125 23 24S.059 46.483.722 7,955,163 16.100,125 24.598 S52 48.653 840 1262 100 1.306.988 863.130 Net rurrent assets Oebtors 502,233 5.405,290 (003,437) 3.148704 2.155 382 502,233 5.40S,290 {617,581) Cash at bank and in hand Creditors due within one year 1nter.fund Wances IS9475 2 989 229 159 475 2 975.085 5.289.942 Total assets less current liabilities 3.462.370 1,022,605 49,458.807 53.943,782 Creditors: arnounts f￿ling due after more ¢han one year Pension scheme asset (•6.221) (86.221) 456.000 54 313.S61 Net assets {totsl funds) 3.832.149 022.605 49 458.fj07 Endowment fund5 Total fund5 2024 funds funds Fix¢d assets Tan&ble fixed assets Investm¢ftts- inYesth7¢nt properties Investments- listed invesrments S6.102 791.525 7.191821 16.100,125 21.469.068 8.040.448 I&IW.125 21744,466 1.195,737 79.661 1.251.839 871.186 44,761014 46.885.039 Debtors 350.985 s.(￿.711 {453.560) .715.708 1181428 350.985 5,000.711 {466,5711 Cash at bank and in hand Creditor5 due within one year 1nter.fund balances 166.988 2.548,720 166.988 1535.709 4.885.125 Totsl assets less current liabilitie5 3.434.267 1.038.174 47.297.723 51,770.164 Creditors.. wnounEs falling the after more than one y¢¥ Pensi¢M scheme asser 187.910) 346.oc 187.910) 346.0 S2,028.254 Net ￿le¢S (total fvnds) 3.692.357 1.038.174 47.297.723 49 The Greatham FtyJnd•ty)n C£ryany Nurnbw 06S33385. Charity Number 1123540 Trustees. AJ￿u31 Report and Acc0vn￿ for the year ended 31 October 202S

The Greatham Foundation Limited Notes to the Financial Statements Year ended 31 Ort¢>ber 2025 25. Trustee related party transartion5 and interests Robert Eden. who served as trn$￿ during the year. was during the year an employtr•nominated trustee of the Greatham Hospiral Pen$ion Scheme. of which th¢ ¢harity 15 the spon50ring employer. Trustees ¥e re1mbu￿d for their trtvel on a mileage basis. During the year tsyo trustees were paid a combined tool of £245 in respect of their tr3vdling c05ts12024.. £3S51. 26. Going concern The trustee5 consider thai the charity 15 a 8oing concern and thar there are no mteri41 Y￿er￿1￿CleS tsr events which ￿5t doubt upon its abiliry to continue as a going concern. In assessing the &oÈng ¢on¢m position of the charity for the year ended 31 Ottober 2025 the trnstees hav¢ tonsider¢d the outlook and in doing 50 looked at the future operaung resul￿ cash flows and faciliti￿ ivwjable. &sed on these facts the ¥oing concern basis has been adopted in the preparnuon of the ffinaThcial statements. 27. Forward commitments At 31 Ottober 2025 the charity had forvRrd expenditure cemmiuYMs nounring to £44.655 relaied io property repair5. END The Greath3m FO￿datiOn Limited. C(mpanr Number 06533385. Charity Number 1123540 Trustees. Annvl Rewt ifyd Accounts for the year ended 31 Ortober 1025