2025-09-30-accounts

CHARITY REGISTRATION NUMBER: 1135314 PAINTERS. COMPANY CHARITIES Unaudited Financial Statements 30 September 2025 MCLEAN REID Chartered accountants 1 Forstal Road Aylesford Kent ME20 7AU

PAINTERS' COMPANY CHARITIES

Financial Statements

Year ended 30 September 2025

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	5
Statement of financial activities	6
Statement of financial position	7
Notes to the financial statements	8-16

PAINTERS. COMPANY CHARITIES Trustees, Annual Report Year endèd 30 Septsmber 2025 The trustees prgsent their reportandthe unaudtsj financk4 staiementsofthe charityforthe year ended 30 September 2025. Refer•n¢8 and admlnlstratlve detsils Regmered charity namg PAINTERS COMPAKY CHARrnES Charity rnglstration number 1135314 Prfnclpal office Painlws, Ham 9 Little Trinty Lan8 don EC4V 2AD Mr J E C Briant Dr P Bro&Jhead Mr B Pryor Mr P J Huddleston Indgpendent examiner MrAR￿d 1 For5td Road Ayksfor(I Kent ME20 7AU Struthire. governance and managwngnt The Wor$hipful Ccmpany of PaInter￿t￿nerS is a Cty LpRry Corrpary found￿ under Royaj Charter in 1581 and is represented by its C¢)urt of A%si8trts. A Board of Trustees comprising up to seven members meets regularly to administsr the Charity. Trust&s are appointed arther by virtue ofthe offKe they hdd as Mernbe￿ ofthe Court ofAssistance or by wrtue of their expertlse and qual￿￿￿On$. Thk8 Charity is an Unin￿[P￿a￿S charty governed by a Trust dated 22 February 2010 and is registsred by the Charity c0mmtrts￿ with the number 1135314. A(knini$tratlon Day-to-day administration of the Charity is exercised by Ihe Clerktotheworshipful Ccynpany of Painter- StaineTS. Alice Pearson. The prtncpal Off￿ and d￿a￿S of independent examiner. of the Charsty are gDien above. The inve5tsnents of the Charity are managed on 8 dlscreti¢)nary basis by Cazenove Captsl and are subject lo scrutiny by the Board of Tntstees and membgrs of the Finance and Management Committee of the ¥%brshipful Company of Painter&&ner& Publlc Benofft Statement The Trustees Confirm tha they have refe￿￿3 to the Charity Commission's general guidance on publ benefit when reviewng the charty's aims and (Jjectives. th8 planning of fthure actNitbes. and are satisfied that the requirements are fulfilled.

PAINTERS' COMPANY CHARITIES

Trustees' Annual Report (continued)

Year ended 30 September 2025

Objectives and activities

The objects of the Charity are the advancement of education and relief of poverty through making grants to appropriate individuals and in particular:

• 1 Such charitable purposes as may be associated or connected with the City of London.

• 2 The encouragement, support and promotion by way of financial support, education and public display of British arts and crafts to include the trades of painting and decorating.

• 3 The relief of blindness and other visual handicaps and the assistance of the blind and visually impaired.

• 4 The relief of poor clergy of the Church of England.

5 The relief of poor, disabled or invalid liverymen and freemen of the Company and their spouses, widows or widowers.

The Trustees shall not be at liberty to pay or apply hereunder the capital of any· donation which the trustees shall have accepted subject to a direction by the donor that the capital be not expended.

The Charity has complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to guidance published by the Charity Commission with regard to a public benefit statement, by continuing to provide grants, bursaries and donations as outlined in the Charity's objectives.

Achievements and performance

The objectives of the Charity are fulfilled through a range of activities which are focused on supporting education in art and craft related subjects. They are directed to students at schools in London and towards students studying art and art-related subjects at higher education institutions.

The activities include:

• Two Fellowships in Portraiture at Heatherleys School of Fine Art. The students are selected by the Charity's Assessors and each student receives a grant of £5,000 to cover one year's tuition fees.

• The Charity has allocated the rem·aining £25,000 of the Brian Botting Bequest for distribution over five years to support one of the two Fellowships in Portraiture at Heatherleys (at £5,000 per year over 5 years, until the fund is fully spent).

2

PAINTERS. COMPANY CHARITIES Trustees, Annual Report (contlnu Year •nded 30 September 2025 Flnanclal roVi6W Incoming re80urces for the year, before unreallsed gains on In￿tments, wore £113.107 {2024: £426,64218nd comprised the following.. Dunean Burton donation other donations Fundraising sa Inv¢$lment income TOTAL 1£308,829} 1£18.7731 1£2,9801 1£96.0601 (£426,642) £9,817 £103,290 £113.107 Expenditure during the year wa8 £102,62412023'. £59,799} and ¢omprised the following.. Grants and donalkJn8 Fundraising costs Govemanco and administrative c0818 TOTAL £10,000 £157 £47,528 £57,685 1£43.4JOI 13,435} 1£55.7891 {£102.6241 Nel Incomlng resource8, before other recognl6ed galns and1088e8, were £55,422 (2024.. £324,018). Unrealised galns on fixed a8sel In￿tments during the year were £212,96612024'. £158,301) and the V8lue of inveslmenl8 on 30 Sepl8mbar 2025 was £2,613,90212024'. £2.494,187). Ro8eN88 Pollcy The Tru8160s regularty r￿leW the reserves of the Charfty againBt the background of continuing 8UPPOrt for beneficiaries in dfficuli circumstances. meximising ¢h•ritable impact and striking a balanca befvdeen bulldlng a long-lern Investment fvnd and m•etlng 8PK>rt-t6m ¢harilabb8 expgndllure. The re6ery￿ pollcy 18 to hold an.. Unre8tricted General {dl8trIbutab￿I Fund 6qufvalent to not less than three years, charilabb, govemanc6 and admlnlslratwti eoÈtB of £300,000 to meet 8h¢Jrt-lerm exp8ndilur• and an Investment Fund of not lèss than £1.350,000 lo ggnerale Income and help provkle $t8bli ty lo tho Ch8rty'8 futUTe programrne of gran18 and donations. Unre6lricted r88eNe8 held at the reportlng dale of 30 September 2025 were £2.649,4S1 12024.. £2,381,063>, comprislng the Idesignaled} Investment Fund of £2,349,451 12024.. £2,081,063) and tho General Fund of £300,000 {2024.' £300.0001. Golng Con¢•m The Trustees havg considered whether It is appropriate to prepare the Charty's financial statement8 on a going concern ba818. In doing 50 il has considered the folh)wing: thg 8ubBtsntial assets of the Chadty. the discretionary noture of the grants awarded. and the prud•nl natur• of the commttments given by the Charity lo it$ beneficiario¥.

PAINTERS. COMPANY CHARITIES Trustees, Annual Report(¢￿￿Tr￿ Year end•d 30 September 2025 The Trustees have a reasonable expedth. n that Ihe Charity wtn continue to operate and to mèet its liabiltiies as they fall due overthe period ol Iheir assesS￿nt In the opinion of the Trustees. it i% appropriate to prepare the Chari￿$ ffiancial statements forthe year erKled 30 Sept￿ber 2025 on a going con￿rn ba$5s. FurthemYJre. they have identified no material uncgrtainties surrounding the Charity's abilty to continue lo operate as a going eoncem during a period ofat ￿ ts1￿[¥8 n￿nthS the date ofapproval of the fmancial sterrents. Trustees. Mponsibilities stat•m8nt The trustees are responsible for prep¥ing the trustees. Tewt and the financial statements in accordance with applicabie ￿ and un[t￿ ￿ngd￿ Accounting Standd5 (United Ktngdom General Accepted Accounting Practice). The charty trustees are required to prepare financial ststements for each year which gNe a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources. induding the i1￿0me and expenditure, for that perKd. In preparing these financial stateme￿. the trustees are required to: sdect suitable a￿)Unting policies and then appty them o)nsistenty'. observe the Meth￿￿5 and principlès in the applicable Chantw SORP., make judgments arKI accounting estimates that are reasonab￿ and pnKJ8nL prepare the financial statements on the going concem basi8 unless it is inywopriate to presume that the charity wll continue in business. The trustees are responsible for keeping adwLth accounting words th* are sufficEnl to show and explain the charty's transactions and disch)se with reasonab￿ ￿UraCY at any time the firtanci position of the charity and enabk them to ansure that the finanCh￿ $tslement$ compty with the Companies Act 20fA. They are also responsib￿ for safeguarding the assets of the charity and hence for taking reasonable steps forthe preventKJn and detedh?n of fraud and other irregulaiities. The trustees, annud report was approved on 22 ju￿ 2026 and svJned on behalfofthe board oftrustees by- PllJt Mr B Pryor Twstee Mr P J Huddloston Trustee

PAINTERS. COMPANY CHARITIES Independent Examlnerfs Report to the Trustees of PAINTERS. COMPANY CHARITIES Year endad 30 September 2025 I report lo the trustees on my examination of the ffnancial statemerts of Painters, Crynpany Charitie8 Cthe charty'l fof the year ended 30 sept￿nber 21r25. Responslbllltla8 and ba818 of rtport the tnjstees of the charity you ore r•sponsbi le for the preparation of the financial statements in a¢¢ordance with the requirements of CharitM A¢t 2011 Ilhe Arf). I report in respect of my exarninat￿ ofth& chkn's financral statements Garriod out under section 145 of the 2011 Act and in caffying my examinath)n I have folkywed all the applicab￿ Direction8 given by the Chanty Commission under sectton 145{5)Ib} of the Ind•p•nd•nt •xamlne¢s statoment Slnce the charity's gross incom& exceaded £250,000 your axamlnor must be a member of a body li8ted in section 145 of the 2011 Ad. I confiTm that l am quaIrf￿1 to undertake the examination b¢¢ouse l am member ofthe InstitLrte ofchartered Accountants In Ewkqnd and Wala8 {￿Ew). whlch 18 one ofthe listed bodies. I have ¢omplel&J my examlnatlon. I confimi that materlal mattef8 have ¢ome lo my attontion In connection with the eXaminat￿n gmng rne causg to believe that in any materfal respacl: accountlng reLords were not kept In respeci of the tharity 88 Nulred by Sectlon 130 of the the financ￿ 8tatements do not ￿ wlth thosa re¢ords: or the financial 8tatemerts do r#)t compty Aith tho applicabbè requlmmonts ¢on¢grning the fo and content of accounts sel out in the Charibes {Accounts and Reports) Rogulations 2008 other than any reqUIre￿nI that thè aceaunts give a and fairf view which ts not a mattar consldared a8 Part of an Independènt 8￿minat￿)n. I have no ¢onrnms and have ccrfrvj acr￿3 no other mattern in ttfflntttion wlth the examinion io wthich attention should be drvlm In this report In order to enable a proper undorntsnding of the accounts to be reached. MrA Reid Independant Examiner 1 Forstsl Road Aylesford Kent ME20 7AU

PAIKfERS' COMPANY CHARITIES Statsmont of Flnanclal Actlvltlos Yoar ended 30 September 2025 X12S Unr88trfcted Ro5tricted ErKloMnent fund8 funds funds Totsl fvnd• Tcrtal fvnd6 2024 In¢om• and •ndohYnent• Donation8 and Charity Fundral6ir Event In¥￿trnent inc(M .817 9.817 327.802 2,980 98.060 426,642 103,2¥¥J 113,107 103.2 113.107 Total InG(xn• Exp•ndltur• Expenditure on 57,885 57,885 57,685 102,624 Total •xp•ndltur• 57,685 102,624 G•inB on wnpairmont or dIspo￿l ￿ Operntk￿l 212.986 212,986 158,301 Not Ineomo and n•t movemont In fund• 268,388 288,388 482,319 R•conclllatlon of fund• Total fvnds brought fO￿ard Total fvnd• ¢•rrf•d fornaryl 2,381,¢A3 2,649,451 25,000 25,O¢JO 122,000 2.528.063 2,045,744 122,000 2,796,451 2,528.063 The statomenl of financ1￿ includM •ll g•inJ •nd h?8￿ reo>Jnlsed k) the yw. AJI income and expenditur• denve from ¢onllnulng activthj. Th• ¢￿.￿9• 8 t• 11 torni p•rt ofthM• fln•KL•l •tt•m•nts.

PAINTERS. COMPANY CHARITIES Statoment of Flnanclal Positlon 30 September 2025 2025 2024 Flxed assets Heritage a88et8 Investments 13 122,000 14 2,613,902 2,735,902 122,000 2,494,187 2,816,187 CUrr￿t assots Debtors Cash at bank and in hand 16 46,944 18,384 10.904 6S,328 10,904 Cr•dltorn: amounts falllng due wlthln ono yoar Nat current aiset•llllabllltlo51 Total a8s8ts1888 current Ilabllltles 4,779 99,028 60.549 88,124 2,796,451 2,796,451 2,528,063 Net assets 2,528,063 Fund8 of the charlty Endowment funds Restricted fund8 Unre81rKled funds 122.OC4) 25.000 2,649.451 17 2,796.451 122,000 25,000 2,381,063 2.528,063 Totsl charlty fund• Th889 financlal 8tatement8 wer8 approved by th• board of trustee8 and authod8ed for188Ut on 22 July 2026, and are $lgned on behalf of the board by.. Mr P J Huddleston Trustee Thg noteB on page• 8 to 16 fomi part olth•8• flnan¢i#l 8t#tements.

PAINTERS. COMPANY CHARrriES Notes to the Flnancial Statements Year ended 30 September 2025 . Genoral Infornmllon The charty is a publK tenefft entity and a regi8ter&J charty in England ￿ Waies and is unincorporated. The address of the"priwal crffice is paint￿5. Hall, 9 Liiue Trinty Lar& London, EC4V 2AD. Statemart of compliance Thes8 financ4al statements haNt been prepa￿1 in complkqnce with FRS 102, Tr Fina￿181 Rep¢)rting Standard appbcthe in UK and the Republic of Irgland,, the Statement of Recommended Practice apph'cable lo charities preparlng their accounts in accordan¢e wrth the Financial Reporting SlarKlafd aPp1Kab￿ in the UK arKI Republ￿ of Ireland IFRS 102} (Charities SORP {FRS 102)> and the Charthes Ad 2011. Accountlng pollcles Basis of pre￿ratIon The fin8ncid SLiteM￿ have b8gn wepared on the htstorical cost knls. as m￿lf16d by the revaluation of certain finaneial.a$30ts a￿1 ￿lI1￿be$ and Ir)vestn￿ prwties rroasured at fair value through income or gxpgndriur The finwKial $talen￿ts are prep¥ed in stertng. 18 thè fvrthwl ¢urrenGy ofthe entity. Goln9 concern There are no materid uncertainttes atrfjrt tr chtys abilty io continue. Dlsclosurg gxompbon¥ The entty satisfies the criteria ofbeing aqualfying entity as defingj in FRS 102. tt is a Sm￿1 charity as defined by SORP 2015 (FRS11f2). As such. advantage Iw been I￿(￿n of the folkxlng dis¢b$ure exemptions aval￿ble under section 11 of FRS 102.. la) No fknv slalement has be8n presented forthe ttffj)any. Judgements and kry sources of esllmatlon uncertalnty The preparation ofthe financial statements requires nk9r03en￿nt to make judgemerrt5. e5timate$ and assuMpt￿n$ that affect the amounts reported. These estinates arKI judgements are conlinualty reviewed and are based on eXp￿nCe artd other factors, irKluding expoctations of SwJnrficant I￿eM The judgements (apart frcth those inVo￿ng estirnationsl that Manage￿nt has made in the process olapptying the entitys ￿oUntIng arKI th have the.mosl signffKant effect on th8 amounts recognised in the financial stateTr￿ts are as follNs". Accounting 8Stimates and assumpti￿$ are made concern￿v4 the futuro arKI, by their nature, will rarety equal the reL4ted actual outcome. The key a￿UmptIonS and other sour¢os of estimation urKertainty that have a strjnifunt risk of cau￿n9 a merial aJjusknent to the carrying amounts of assets and liabilitses ￿thIn the next financial year ate as fo15ows.'

PAINTERS. COMPANY CHARITIES Notss to the Flnancial Statements (contknwd) Year ended 30 September 2025 Account5ng polldes (COM•JwdJ Fund accountlng Unrestrrted fvnds are avatlable for u$8 at the discret￿)rt of thè trustees lo further any of the tharitys pUrr￿e$. Designated funds are unrestricted funds e￿ed by the trustees for parttcular future project or commrbnenL ReStr￿ted bjnds are subieded to testricbons on Ihetrexpenditure dedared bylhe donoror through thoterms of an appeal, and fall into on8 of￿0 sut>cfasses'. restricted income fvnds or endowment funds. Incomlng resources l inccffiing resources are IrKluded in th8 Statement of fin8nctai actsvitw when entrttement has passed to the charty, it is Pfobabb that the economrc benefits a$S￿ated the transaction wll fknv lo tha chanty and the arrKsunt can be reliably measura. The fr>llowing SpeUr￿ policies are applEd to particular ¢ateg¢yies of inc(Th: income from donations or grants is reu4nised when there is ev*Jence of 8ntitlement to the grfl. weipt ks probable and ts amount can be measured Tel&)ty. legw income 15 rwnised vthgn receipt probable and antitlgm¢nt is established. income frerfn donabj grt¥Js is measured at the fair value of the goods unless th¢s is impractica lo rr￿￿Te reliabty. in Wh￿ ease the value is derived from the cost to the donor or the estimated resaS8 value. Donat￿ facilrties and serwces are rwnised in the accounts when received if the value can b8 re￿￿)[Y m&qsured. No amounts are induded for tr contrtsution of general volunteets. income from eontlacts for the suppty of Se￿ is reccgni8ed wtth the delNery of the contr&ted seThtce. This i5 c1￿7￿8d as unrestrMXed fijnds unkn there is a contractual requirement fry it to bg spgnt on a part￿U[ar purpose arKI rgtumed rf un8pen( in whKh case it may be regarded as restiithd.

PAINTERS. COMPANY CHARMES Notes to the Flnanclal Statem¢nts (¢ Year endod 30 September 2025 Resources oxponded Expérkdrture is recogniwj on an accwals basK8 as a lialxlty 18 irurred. Exponditure indudes any VATwhich cannot b8 fulty re¢ovwwJ, aThJ bs cL98srf￿d urthr hewJing8 ofthe 8tatement offinaKial activiti88 to it Telales.. expertditure on ￿l1vj fund8" thè tosts of all fuTrdratsMig ￿t￿￿tte8. events, non- charitle trading ￿pA￿e8. and the good8. expendituro on charilablfr actr4ts nclud88 al costs ty a dwty in undwlaking actM1￿ that further rts charitsbb aims for the benefft of its b9n￿f￿1arieS, iKtuding th08e 8UPWt cost8 and costs relakn'ng to the govemance of tha charity apportB)ned lo charitable otherexp¢ndhurs Inthdes all expendlturethat B r￿rfher related to talslng furd8 forthe Charity nor part of Its expendlure on charabh 1￿1￿8. All costs are altocaled lo expenditure c8tegorres rell8Cting the u8e of the r880urce. Direct CQ8ts attributable lo a singlg actfvity are alktated dlre¢ty to Ihgt actmty. Shared c08ts are apportloned bafv￿n the thitie8 they contrbute to on a reaK￿8b￿. ju8tifi&)lo and con8i¥tent basis. H•rltag• a•s4t• Herrtage 9888ts measured th• cost model ar• rwnised in1t1￿ty recordthj at xquisit￿n cost. and $ubsequenty slated at co8t1gM ary xcuMul￿ed depr￿lation and impaimient b88e8. Heritage a88Ot8 mea8urod under thè r￿duStion model arn rec￿ed at ffa￿ value 1088 any accumulated impaimxnt losw. Where information on the cost or valuo of an 8$8et 15 not available and cannol bè cthingj at a cost which wnmensur8t8 With the ￿￿@frts to usef8 of th& finan￿al Statemgnts. the a88¢t $hall ncl be re¢>)gnised in the Statement of financial position. Inv••tm•nts Li8twJ Investments are measured ai falr value v/lh ch￿98$ Sn fair value b•lng r•¢ognSsed In InccTh or expenditure. Impalmlent of aswts A revie4V for Indlcators of Inyalm)•nt is at oxh rep￿9 dale, with the recoverable amount being estlmated Whe￿ s￿h ind￿tOrS exi8L Where the ¢gryiThJ value exceeds the recoverablg ￿OUnt. the a88et 18 hmwred xcordingty. Prnr impaim)ents are also reviewod for FW8ible rever881 at exh reporting dale. For the purp08e8 of Smpairrrrttesting. when it is po38b￿ to estwnate the recovorabb amount of an indivhjual asset. an estimatg is made of the ￿cOVerable nounl of the cash4Jenerating unil to whi¢h the a88et bgsongs. The cash-generatlng unlt is the smalt identifiable group of assetg that includgs the asset and generates ca6h Inlltrw8 Ihat krgety independonl of the ca8h Inflow8 For impairm8nt testing of g¢>)thiU. the gc&￿￿t wuired in a busirbess Combinat￿)n is. from the acqutsriion date, alkKated to exh of the cash%enerating units that are expected to benefrt from the synergies of the combination. iThespectrM of whothgr other assots or li8bi1th8 of thè charity are assigned to th08e unhs. 10

PAINTERS. COMPANY CHARITIES Notes to the Flnancial Statements {conthu¢rf) Year ended 30 September 2025 Flnancial instruments A financial asset or a financial liabilty is recognised only when the charlty beLomes a party to the contractual provisions of the instrument. Basic financial instruments, which Inelude deblors and cash and bank balances, are initially reco9nised at the amount receivable or payable including 8ny related transaction costs. Current assets and CU￿ent liabilities arg subsequenty measured atthe cash OT Other consKlerallon expected lo be paKJ or received and not di8counted. Financial assets that aro measured al cost or am0￿Sed cost arg reviewed for objective evidence of impaimienl at the end of each reporting date. if ther8 is obj¢d¢ve evid9nee of impairm8nl, an impaimient loss is recognised underthe appropriate heading in thg Statement of financial activrties in which the initial gain was recognised. Donatlons and18gacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donatlon8 Donations Tax rgcovered on gfft akl Donation Duncan Burton 7,270 2,547 7,270 2,547 18,773 18,773 308,829 308,829 327.602 9.817 9,817 327,602 Charlty fundraising event Unrestrictod Total Funds Unre81ricled Total Funds Funds 2025 Funds 2024 Sales of goodslsemces as part of direct charilabie actmttes 2,980 2,980 Invgstment Incom8 Unre8trieled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from ¢a$h investments Other interest receNabte Bank interest receNabEe Bank interest receNable Cazenove 95,5 101 95,596 101 333 7.260 89,717 89.717 7,260 103,291 6,249 96,060 6,249 96,060 103.290 11

PAINTERS, COMPANY CHARITIES Notes to the Flnanclal Statements I¢¢Wth•￿￿) Year ended 30 September 2025 Expendhure on ¢harttablo athttl¢s by fund typ• unrestri￿ Total Funds Unrestricted Total Fund5 Funds 2026 Funds 2024 Charitable ¥tiviti95 Support costs 10.157 47.528 10,157 47,528 46,989 55.635 102.624 46,989 55.635 102,624 57.685 57.685 Expendlture on ¢harltJikn act1vh1￿ by athlty typo Activrties undgrtakgn directy Suppcrft Totsl lund8 costs 2025 Total fund 2024 charitab￿ actrthi Govemanca costs 1S7 157 47,528 47,685 3,589 55.635 47.528 1S7 47,528 59,224 Analyals of grnnt• 2024 Grants to Institutlons Grant8 10 inslilution8 10,000 43.400 Total grants 10.000 43,400 10. Ind•p•ndent •xamlnaUon f•e• 2026 2024 Fees payable to the irthpendent examiner for. Independent ￿MInatIOn of the financial staterr 804 720 11. Accountan¢y f•0• 2025 2024 Fe68 payable lo the independent accountant for. Annual accounts, bookkeepin9 and gfft ai(1 claim• 3.273 3.195 12. Trustse remuneratlon and oxp9ns No 8alari88. W8ges. benefrts or eXp￿Se8 have been to th8 trustaas durlng th8 yèar. 12

PAINTERS. COMPANY CHARITIES Notes to the Financial Statements (coftthtsedj Year ended 30 September 2025 13. Heritage assets The Bennett Bequ8st represents three Charfes11 silver tankards are slv)wn as per valu*ion by D08fT Dallas in 2022. The Bennett Bequest Co•1 or valuation At 1 October 2024 and 30 Sept•mbèr 2025 Accumulatsd dopreciation At 1 Octob8r 2024 and 30 Septem￿r 2025 Carylng amount At 30 S•ptMiber 2026 At 30 September 2024 122.000 122,000 122,000 InYestm•nts Ca•h or oqulval•nts Cost or valuauon At 1 October 2024 Additlons Fair value movements Tran81ers 2,494,187 96,749 212.966 {190,0001 2.613.902 At 30 8optgmber 2020 Impalrm•nt At 1 O¢tobgr 2024 and 30 SoPt•mber 2025 Carrylng amount At 30 September 2025 At 30 SoPt¢mber 2024 2.613.902 2,494.187 All Inve8tments 8htr•m above are hehj at valuatkn. 16. Dobtorn 2025 2024 Amounts rywed by group Undertak￿796 13

PAINTERS, COMPANY CHARITIES Notes to the Financlal. Statements l¢onllnu8dJ Year ended 30 September 2025 16. Cr8ditors: amounts falllng due within one year 2025 2024 Trade creditors Accruals and doferrod income Other creditors 712 804 3.263 1.259 57,840 39.929 4,779 99,028 17. Analys18 of charltable funds UnrestrSctsd"funds At30 Galn8 and September 21r25 October 2024 Inco￿￿ ExFenditure General funds Designated Fund Arnold Stevenson Designated Fund Duncan Burton 1,528,303 113,107 157.685) 212,968 1,798,691 393,931 393,931 458,829 458,829 2,381,063 113,107 157,685) 212.966 2.649.451 At30 G&n$ an¢J September bsses 2024 -At1 October 2023 Income Exponditurg General funds DesTgnated Fund Arnold Stevenson DesD3naled Fund Duncan BLtrton 1,354,813 117,813 (102,624) 158,301 1.528.303 393.931 393.931 150,￿0 1,898,744 308,829 458,829 2.381.063 426,642 {102.624) 158.301 Amold Hayward Stevenson. Past Master of the Painter4tain8rs' Company, in his will bequeathed £350.000 to the Painters, Company charities. The Trustegs havg decidgd lo invest Past Master Steven30n's bequest and usethe income generated of up to £10.000 lo fund a Schdar8hip on an annual "basis for a student of any age to study art or architecture or the history of art or architectu￿. Duncan Burion h9$ th)natod £458,829 tothg PaintsT5' Company Charities. This is to be used direcdy or indiredly at the trustee's discretion, to support the maintenance, preseNation and ambign¢e c*f our buildings which are.a designated ScheduledAncient Monument. 14

PAINTERS. COMPANY CHARITIES Notes to the Financial Statements Icondftwé) Year ended 30 Septemb8r 2025 17. Analysls of charitablo funds (¢on¢lnts•dJ Restrlctsd funds At30 Gains and September losses 2025 At1 October 2024 Income Expenditurg Brfan Botting Prize 25,000 25,000 At30 Galns and September 108888 2024 At1 Octobor 2023 Income Expenditure Brian Bottlng Prize 25,000 25,000 Brian Botting. Ma818r of thè Painter￿taIn8rs, Company from 2003Th, dled on 14 January 2014 and in hi8 wlll. he bequeathed £50,000 to tho Painters Company chadties to eslabllsh the Brfan Botting prrze for figuraltve drawlng. The Char￿Y has allocated the remalnlng £25,000 of the Brian Bottlng Beql￿dI for di8tributSon over fNe y¢ar$ to Support art in l¢xal sch¢￿1¥. Endowmgnt fund• At30 Galns and September 1088e8 2025 At1 O¢tobar 2024 Income Expenditure Pemianenl End¢)wment Fund 122,LK)O 122,000 At30 Galns and September los888 2024 At1 October 2023 Ineomo ExperKliture Pem8nenl Endowm8nt Fund 122,¢)00 122,000 15

PAINTERS. COMPANY CHARITIES Notss to the Flnanclal Statements {c Year ended 30 Septembor 2025 18. An•ly•l• of not ass•t• b•lwn funds Unrestr1d￿ Restrwxed Endthvment Totsl FundB FurK15 FurKIs Funds 2025 Heritage a88ets Investrnents Current assets Creditors les8 than 1 y 122.(MXI 122,000 2.613.902 6S,328 14,779) 2.796.4S1 2.588.902 65.328 (4.779) 2.649.451 25.000 25.0(X) 122.( Ufftstrth Restrthd Endry￿n￿ft T¢)tsl Funds FuThts FuTrJs 2024 Heritage assets Investments 122.LKKJ 122.000 2.494,187 10.904 (99.0281 122,LW 2,528,L3 2.469.187 10,904 199.0281 2.381, 25.0(M) Cr&Jstors le88 than 1 yeor Net •Mets 25.0(K) 19. Rel•t•d partle¥ Tha th8rity £48.9M by The of Painter-Stain9TS Dn 30 September 202512W24- £36,886 Cr), an entity under the sare corrtrLq as the Pairrtets. Company Charftle8. 16