2024-03-31-accounts

THE BIIAUNsfoNE FOUNDATION ANNUAL REPORT AND CONSOUDATED FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

ThE BRAUNsfoNE FOUNDATION LEGAL AND ADMINISThATIVE INFORMATION Henry Thompwn Elalne H•lford Edw¥rd Ro8ers Geoftrrysto Michael Moreton {appolrted on 271￿) Emmi Slxrthom lappolnted on IWJl241 An8ekn Wrwt (Chlof OIITcwl 1139537 3 05wln R￿d Trun#on• LE3 IHA TIKXW MayNeld &4 FCA M)yftdd & Co. 2 Merus Court Merfdlan BU￿￿1$$ Park Lelcater IRJ B•nk UnItyTn￿t Bank Pl¢ Nlne Brfndlry Plllce Blmilr¥h•m 812HB EMceNo Law 6reshèm Work5 38 Market 5tr••t Lelcost•r LEI 6DP

THE BRAUNsfoNE FOUNDATION TnJst••s rryort TYu#e¢s RwponslblltySt•t•mert Ir*lependent ludft￿$ report 16-18 Con￿lId￿ed statement of fln8rKlal Q>nsolldat•d ￿lanCe she•t 21-22 Charlty b•lance sheet 13-24 Cons￿ld￿ld staterr•ntof fk)ws Notes toth• K(ourrts 26-53

THE BRAUNsfoNE FOUNDATION TRusfEES REPORT IcoNnNUED)(INCWDING DIREcfoRS' REPORTJ Tho tn¥tws prexentth•lr reportand flnandil 5tthm•ntsforthe yeor ended 31 M4rth 2024. The accounts hwe been prepwed In Kc(¥rdancewlth the•ccountlN8 polklqss•tout In r•)te Itothe Kcounts Ind coftwfy wlth the charfV$ w4emin8 documrt the Companles Art 2006 and '￿￿UntIng arrfl Reportln8 by Charltles: Ststement of Recommnded Prattke app1kat￿e to charltyes preparfnl th¢lr orMunts In x¢ordantp wlth the HnJnclal Report1￿ Stsrnl•rd •pplkble In the UK and R•pubrtcof Ireland IFRS wzr las amendfjd for4crountlni perl0d5comnwrKl￿froM lJanuary2016). The Brjunstone FouThlatlorfs thart•￿e objects are tg prornote forthe beneftt of the publ1¢ Urb￿ regen¥￿On In •ru9 of sod•l and economlc deprJ¥atJon l•nd In parttcular In Brnunstonel * all or •nyof th•foUowln8 fflea￿:. the of those In n••d. * reawn of Ix>uthp will1-heal￿ dI￿11y. ftnanclal ￿r￿thIp or othwdlsadvart b. th• remef ofunemthm tho •tt¥Jncementof edutatlon Indtralnl the rr•Jtkn ofempioymrArt bu$lness oPPDrtunltl•sthro￿ th• prothn of od¥Tce, worwM bulldlw. I￿Or land for use on lknour•blet•rnA' th• pravtslon of houstnB fortho vtho ar• In Eondltlons of need and the Impro¥qrMrtof Iws1￿ In the wbllcsectoror In ch•rlt8ble ownershlp provided that such pcwersh•ll not extsnd to rellevln8 •ny Ioc41 wthorltles orother bDdle5 of a st•ttrtwy dutyto yo¥We or inwro¥e h¢yJsl the prts•rv•tlon of bulldlnp orsltuof hlstork or•rcNtectural Importo & the pnwtslon of recreatlonal faclmu forthe publlc at Iw8e orttrt>sfj who ty reason of the1rVtyrt￿ 48•. Inftrmlty or dI￿bI￿n￿ fln•ndal hardsNpor s0th1 and econrthkdrcumstaw hove need otsuth facllhl h. the protttlon orconswkn ofthe envlronmenL' th• provtslon of publk h•ath fKlltles and chlldcar¢ the promotlon of publk saf•ty prthyntlon of •nd k the d•nlopm•nt ofthe capaclty8nd thllsofthè members ofthe communtyln waythatth•y are better able to Identlfy, and hdp m•e¢ thelr fte8ds and to partldpJts MOre￿[V In sodety. Tha Pron￿tIOn of¥nyoth•r reCO￿￿bI￿tharlt￿I• purpo. Durt￿ the yur to 31 March 2024, the Foundatlon s￿￿$s￿lIY delh￿ed Its ￿1)rk prnBrnmme and contlnued to dtrAop ch•rKable body forth• benefft of Br•un5tone •nd the Clty of Lek4ster. The trustees hv4• p•ld due TE8ard tothe Chartty Commlssfon auldanco on P￿1￿ b￿￿1t rwtlr4 In decldln8 what atll¥lll•s the ch•rftyhas undertaken th15￿1. Yo b• the Communlty An¢lwJr fDr Brwn5ton4 rrfjw In the abl• to support our nWbowhood and Its cldzths to r&gch fvll fvntlal by ham￿51￿715 strerWs r￿p￿dI￿10 Its r￿. By maklnu • dlffvenc&" The Foundatlon has corrtlnuqd tt> m•rw Ils a5s•ts to prohlde b8n•ffts to the Ird arna and h44 ilwh a rnnp ofserA¢ focumd on ￿ttIn￿n8 th• Inv•stnMrt m•d•from prev10￿ re8w•r￿On lTrMtment pro8rammes.

ThE BRAUNsfoNE FOUNDATION TRusfEES REPORT (coNllNUEDJ(INCWDING DIREcfoRS' REPORTJ The Foundatlon has fmsfjd on: • •isurln8 thatthe a55•ts held ￿re man¥ed and protecthd •ppromat•￿fOrthe ben•fft of the people of 8raunston•'. • maxlmlslNdth• from the5e45sets and mie8frwthe5efvnds forthe benefft ofBrnunston•: 8ttrKttr¥ addltlDn•l fundlni Intothe ar•4: d•lfverk¥ serlkas on behilFof and forth• ben•fftof restdurts In 8rnunston • ensurlr¥ th•tthe PW Iqw15 5Kurnd and malnt8lnod.' •nd . contlnulrrfto n￿rI the urban ren￿al •nd nd8knurt•)od ryer•tk>n In Brnunst¢yw IS sustalned In the term. In effrt th¢ FoU￿n performodthè roleofa lo￿1 ComnwnltyAnthor(knnlsatlon. Dur1￿ 202¥24The BraurLtr Foundatlon DWI￿d and m•n¥ed SIM key bulld[￿ alon8w1thft￿r Ix￿1•41nd I1￿ lea11￿) bulldln85 from L¢lcester Clty Coundl lthe Braunstone Park Lodge on • 12Sar1oase mn8emrt and th• CommunltyAsxt Tran5ferof the Grtrrt Communlty Hub wfth •n Inttlal 25 y•ars leasel. (Jrfull Ibtof l)uldlr• 1$ beknw: TN• Bustnesg Boxls l¢xated Inthp BraUnstoneBU￿nQs%zone (Oswln Ro•dl, and ts i"m•n•yd È)fflctr¥￿.15IQIfftW1OrrQnt￿ wlth meet1￿ room4 Vtrtual Tenanry p•Cki￿ and a rany ot custorrw support 3•r¥ke& The faclllty 15 operated under th• Ktlvttfes of &lrwlred Trad1￿ Company Ltd. Durln8 the acwurtln8 pqrkd. 2023124 the rwlts frnm the buslnes5 Ktmty It tho Buslne5s Box h•ve remJln•d stron8 wlth another ￿ IrKYease inturn¢Mr M the prevh>u$year. Th15 pffform•nce allowed for a donth tothe Braunstone FoundatlL ch•rtyof£123,604 theye•r. akN fth mawdrn•ntf•es pald tot•ll1￿ ÈX2n. Th15 flnandal pwformanc• has allo¥Ad further Inve51mwrt Intothe sIn￿n8 Fund forthe Tradlr4 Company. whl¢h we a•tvUP 2 yeaTS a8owhlch a1k>wSaquarter￿1UrntO hdepo￿￿ In road1r￿$f0r pl￿ne￿ repalrand uwthwork•nd stood to the end ofquart•r 42023120X The fadllty remllns &tr•mely popular wlth small buslnessts and throuthout the 2023124 perkjd the occupancy le¥8ls hawé rom•lned conslstentty at around 100%, wlth a Wa￿1￿ I￿r of Interested a¥tomers. We have also been ￿ pleasqd wlth the 51gnMcJnt Incroas• kn metln8 room uswie and Incom4 wfth booklnp Khlthiln8 Dv•r • 509S Increaw In hlre Incorno compared to the prwk1￿yQIr. upllft In bookSr4gs•nd Incom• Indudes Incfeg uwe ty Intwnd t•n•nts and ethmil hlr?. ThetrJthn8 artMtle5 have beon gulded by a >yur Buslness Pl•n startlnq InAprll 2023 andthe Ifrjt ye•r of thls plon hasshown prorn1￿￿ resuts Kyto the pL4n In thlsllrstyear wastosource ind Implement a Customer Rejatfonshlp Manwqrt Systan (CAMI Khr￿ed 4nd w•nt Il¥e In Au8USt 2023, The alfftsof th• CRM 3Ptern Indude • m•ssh rqductlon In wper.ba8•d proces; a portal Jrnl streamllnqd process for aU￿reneW￿l lea1•5 Ind contr•cty' wmputfflxd entyiexlt process ond room tMkTry wfth •utomat•d In%￿kIn$ All stoff work d•lPy u$in¥ the CAM syst￿. whfch •llow5 for quld( and eJsy dlr•ct communlratbjn wlth oJ#orn•rs. Q4rall the ImplÈmentatlon of thesy5kn 0$ a y•¥t succe$5 wfth • reducllon In tlmi proc•ssln8 and Errors across ￿1 funct￿

THE BRAuHsfoNE FOUNDATION TrUSTEES REpoKr IcoNnNUED)(INCWDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2024 Re￿rtIr6haS become Sknlnc¥nt￿eUl•r •nd drt4 be extrKted In i qufeknr mm uful way. Akwtde th14 th• Bwlne55 Box has hjd dewelowl • new web5tt•. Thew•bslte was launch•d to replx4 • v•ryold and slte whlch had vwy fimtted Interacfve ablllty. Worknn8wth ft•ernll th• new Tmbsttè w0￿d•d 4 dean•r, frqthar approxh to mwk•tknB the fadlltles, alded by upd•ted •nd better Interacth fvnctlons-th as the N￿5 Blog and th• •bllltyto prothK• E4hots for markeUn8. DUrkwthelattywtt•Tradl￿￿>mPanY h•s•1￿1•u1Khed￿nthYprodUGt4l5qTV1C45. Ir￿u￿￿• C￿￿rkI￿1PK•. Inftlally set up In a small Bround Iloorofflce unlt and then mtrrfed to the relaxayon area fvr C¢Hvorklng16 desks). This offor Fs open to both extemal and Intem•l cus1ome￿ at a htqhty cornpedt￿ rth. The tak up has been slow but wlll be ￿ntInUed to b• rna￿eted thb ￿r. Another product Is the Nrtwothn8 Uub-thb Is • new fre¢ to •ttend n•tvMrkln8 club runn1￿ monthly wlth op•n to anwne who vAshe5 to attond. ft Is i ipKe to m••t new peoph •nd create nv contarts. FeedbKk ha¥ b•en ￿Cellert. The next n¢tWOr￿n1 E¥•rtwlll showcaw • speclfic buSIne￿ offfjrl￿ wldarK•ind wthlnthe K¢ourt4ncy se£tor. The Vlrtu•l Tenanw offer been revamped from a Fmlous'pkk and ffllrf type to • set pack889. ThLs has enabled ? muth d4rer and 51mpler offer whlch be applled for dlr¢rttYfrom th• wBb$￿. ￿rt￿the rewrch to (r￿tt th15 nBW pack we Identm•d that we were fflcar) under the prfC1￿ for vlrnwl wents- l¢xalty and r4fonally. Thls new is mll•bl• to ne customets and exfsuni a¥tomers wlll be offered th• new pack4¢ uplffted fram I SmbBr2024. Dittlsatkjn has been • ktydrlbwthls105t year and followlr4the 5￿ceSS af Implemen￿￿4 $18nlnglnlout app some years 18 the Bu51ne55 Box h•$ Inst411•Y a new app for porcel delNerla& ThLs has proved a W success and furth•r dwdopeLI the p4perlRs5 •nVIn￿Mff we •r• alorqwkh a rnor• •ffectl¥o swem. Durlni 2023-24there has been a and bluerdflve on m•rketln8actMty. The Senlor manW￿tT￿m att•nded a ran84 of loul and reglonal bu51ness expo vmnts. wherewe mrkthiourtrwn Ser￿(£$acTO$sthe Bu$lnes5 Boxand Box Pl offer and used the opportunTtie5 tt¥ make contacts Ind ipedlkal￿tO gourc• J potentL41 mfirk•U￿ •yry. Thls was successfvl and we ore p￿￿e￿ to reportth we haw4 wb5e4uently en8wd a rnarktti￿ aprbcy (Cmtbm In Mm•l. W• ha¥eset 3 miln soals wlth th• yxyro Inue¥• brarKI awarBne54 webslle8rowth loryanlc searches and pyievfews) INI bU￿neSs¥U1￿r￿• tto ¢h4rIethe￿rtUal tenaw P¥¢k￿ offer and up the USP ofthe Ix¥lrths In r•latlon totheth•rtiyl The Board an￿ •8aln takes thls opportuth ts thank the tum at the BU￿nts$ aox for Ill th•lr Incredlble hard work ¢CthMkn￿nt arnl C￿l￿te them M thelr excdlent results durlng2023124. Thls Is m•d• up of UnTts 3 & 4 Forest Bwlness Pwk b8sed In th• Brnunstone Buslne&% Zrme the 8rnunston• Park Lodoe Iwhkh was brwht Into the Investment property portfollo durlng 2017 followlfy¥ the operational rvlew of bulldlng these are Seen •s"VOW-on' offlctrspace5tothe Buslness Box.Thuefadlltl•$4I￿ operat• wththe attlvthgof th•b In5plred Tradlng Comp•ny lkn￿. B(th unTts and the Braunstone Park Lody ha¥• been fullyorwpl•d thrfni 202¥24 wlth Auod Incom• rthmL The charlty has hrAI th• fvll ownqr5hlp and of the Braun5tone H•athh •nd Sodal Care C•ntre slrt• 20￿ Th• bulldlr4g repwentsthe sI￿e larBtst a&qet of thecharltyln twrr4 of valuq. ￿ wa5trarthrred Into theowmrshlp Df the chlty byway ofa caphl endDwm&tt of£5mll. The Br•urthn• Hlth •nd 5odal Car• Centr• funded •NI bullt TArfth N•w D8AI for comm￿1￿$ w•rt and has pnwldÈd

THE BRAUNsfoNE FOUNDATION TRusfEES REPORT (coKnNUEDI(INCWDING DIREcfoRS' REPORT) FOR ThIE YEAR EPIDED 31 MARCH2024 rental Income slnce 2010 und•r an ¥we￿n( a5 a le8acy of the Idew Dealfor 8rounsth. The bulld1￿ (yned and manaoed lry a thlrd party, PA Gmup IfornwW LHA•nd then Agra). uniii 20 Th• bulldlni h￿twO m¥ln •n¢hortenants who have 2>y￿r lusei the NHS Jnd L01cestw aty tsuncll. alon8 wlth athlrd smill tenant- Apple a DIY C•fé. The Foundthn manaw the bulldln& whkh houms • lar8e GP Prattio Ph¥rmKy. Café, a wlde ranp of NHS ¢llnk5 and offlce accommDdthn for NHS and Lelctttw aty Coundl ts•m4 del￿￿ WKI %xlal care Durfn8 2023124 our fa¢ilitl85 rnJnaymont tm hm malntaln¢d ￿ efficient runnlnB of the bulld[￿ •nsurlrtqth¢ good and sth upkeep of the bulld1￿ forthe benefft ofpthnty ¥Lstt>rs andthe mw staff t￿m5 basd th•r•. The Bo¥d of TnJstea5 orK• aB•ln wlsh•stotthl$ 0pportunrtytoth￿kth•tWMfcT ill thalr hwrd vAJrkdurfngthe pa# year. rfn8 2023124 the I￿]IdIng •t Gallardj Hlll wa5 used ty thi (￿rItyt0 houMth• Neighb￿rTr￿d gjpport T￿rn dfjlTvothg the Br•unstone FOOdSh￿ IFoodb•nk & hntryk Braunstone Btrfrlendl￿5theffie, ovtreach f•dI￿e5 for welfare •nd dobt idvlce Ind support orqanlsatlons e& CALS. FoLxlb•nk pl￿ xhern￿ GHIN mentsl Hulth projert and Volvntser tr•lnln& Further Infommthn on the servfces ythrfded 2023124 app•ir ler In thb rem. The Board of h6¥e In%sted $knSfkant funds fnxn reserves In the bulldlng durlffdthe yar. wlth 4 replacement rool and r•41Koratknn Ilntttnal and otternall. Thfs fvlh7ws Invostnwnt made the Power to th•n8• dlrr•ts reslllence 8ra whlth fvnded an En•ryi PJ£essment Report forth• and the Instsll•tlon of LED118htln8thro Furthersources offurKlln8to r•tr￿ enerBY￿¥[n8 system5 hwe been ￿Urted 4nd ￿￿rI curr•rttY thioutcom• of bldsto replace and upyadethfj he4t1￿$￿st•rn and Insulatk￿. The fryrnqr Nel8hbourhood Support Base •t 45 W•llln8er WayW￿refiYbISh￿ In sprknB 2021 leased toth• formed Prela¥ede45 COMMUn￿Shop Cl4whlthopenod tsdcwstothepublltlnAu8UJt2021. The shop ￿$1$tO pra¥ld• er•unstan• wlth affoydable rerycl•d/donated clothes, KcessDrt hO￿￿ld IteTh￿ furn￿re and thhen appliance5, The Dlr•(toN of th• Communlty lrt•rast Comwry {Clq arn local p￿p14 w •r• all the ¥rlunte5. Th•y th back to tt coTh¥nunlty by helpln8 Indmduals In crlth on referML ￿ Prtrdd1￿ esgenl•l clothlng and other ttqm5- uyjalty helplng as part of • pack¥e of Support wlth othor when kn•1 peoph •re fxln8 dffffcuP( clr(um5tsntq5. The provldes the opportunityforwlunteerln8wIth trnlnlns and work eXperItt￿ and wnploys a small number of part4lm• staff. The Braurth Foundatlon acqulrnd theGro¥e I￿Ik11n11nd Jssoclated outdoorf4dlltle5{M.U.GA•nd 48Tau Foothjll pltches on the adlac•nt Braunstone Pirkl. In June 2019. Follow1￿ succwfvl grant awards by th• &rfield W•ston Found•tlon and Power to Cha￿¢ TrusL the bulldlnl and M.U.GA underwont maJor refurbishm?nt to u•at• J Communty Hub wlrh a Halv Danc• studlo. traInl￿ 3 x offlc•s for ltt and cr••t•d the Space for ajnwnunfty busln•ss dÉ¥elopm•nt of • Sothl Bv and Communtty Café. The bundlns launch￿ In 2020 and folltr•Ar* mwjor operatlDnal d15ruptlon due to paThlemk lockdtr￿ opened fulty In m1&202L A rel￿Of th• Grove's fvrther dEvelopment overthe past year appear5 later In thLs reporL Th•5e kyopertles are rwted out ass¢xlvl hous[￿thI￿￿ ￿ oweanert w]th PA Hou￿￿ Group.

THE BRAUNSTONE FOUNDATION TRusfEES REPORT (copillNUED)(INCLUDINa DIRECTORS. REPORT) The L￿E w&s Icwlred In 21x19 throukn 4 12S￿r low ayeeftwt wlth Lelcest•r aty CourKII. m refvrbfshmenl the Lod8• was o¢cupled ￿ Foundatlon Staff untFIAprfl 2017. at wthkh polnt Itwas bwhtlntoth• In¥•stment propertyportfollo artd let ￿ partofthe BU￿neSS Box +offer. The propertywa5 leton lexehoid thr￿J￿oUtthè2o2¥24 A fiAI'Falr Markev wluatlon of )11 the propqrty portfolloof the 8r•urstone Foundatfon hjs been undert•k•n In Juty. 2024 ourValu•rs Innes Enland. Thts valuatlon forms the basls of Informatlon re4ardlw wets ler In th• Flnandal atements of thls reF#)rL Th•Grove Communlty Hub haj now beon fullyoper•tTonal for3yq•rs follow1￿ Its refurblshment In 2019, l•unth In 2020 and subwuwrt dosure due to th• pandemk. The twm at the Grove have worked ¥ory hard over thls dme to understand t bvlldln& set-up op¢r•donal systems promote swlces tyout • rany of 4nd brfn8 kn nEW￿￿kom￿S Ind￿1 tenants communlty hlrw4 and servlce user& We ¢Dnthiue to @row partn•rshlps wkh fundqrs, such a5 thB Lekestershlre Pollc¢ 4nd Crlm thmmlsslow, NttkiMI Lottwv mmvnty Fund INLCF) - Mllllon ￿UrS Fund (Investn￿ In more Youth s•ssFoNsl. B3rd￿5 Football Fund (Glrfs Football Dwelopment) ard Lelc•5t•r Ory Covncll- Hollday Actmtles Fund pr+J8rnmTh IHAO, whorn we Wre Meful to for th rAVI￿sUpport for project& Thankn to thL4 fvndl￿ w• h￿• ableto devdop new lor thls year a TU¢sdwGaMl￿ aub. Wednesday Youth Club. FrldryB85ketball club and an iddtknal footbAII $45s1on for ￿l8ve•r olds on ￿nd4 Our HAFxhemes ar•axtrem¢ly powlir Jnd durlni2023124 we hwe offered hDlldryschem•51or 5 to L%y•arolds ar Ethr. Summer. WFnterlChrlstma5 and all HaWTonns. We re8ularty hwl 90 children and yourrd pwple o . Thethlldrw and vour¥peoplewere v•ry enyued In th ￿l￿n Ktmtles Indudln& foo￿lL danci muhl sporty artsand crafts. rookln8 and heafthy eat1￿ trtps and y￿rk￿P1 w¢h asc￿1￿ Flrst Al¢ drummln& anlmal eNJurt•rs, Ilower •rranAlng4ndfore5t h￿1 to namg but a few. The chlldren rec•lv• a nutrldou$ lunch & Breakkn aml hulthysnxks throuthoutthe day. W• operJtethese thesa5 a hybrtd, fththos• dWblèf¢r m￿￿￿est•d Free reum￿tree pk•5 •nd vwy cort plKesfor ¢rtherfewilng chlldren. We also work In partnff5h￿ wTth othwpmkl•rstD offw free actmtles In the Bvonlw and durfrrd xhoDI holldapforfamllles e& LCFC In the CommunItye￿Ing football sesslon& LCC Eath Help Chlldrqrfs C•ntres Get up and Go prv8r•mme durfnithe summer. Th•r• are a150 i ranpofoth•r wovIde￿thr0￿¢xrt 7 IrMaudln8 2 Dance ttadoml•4 karat￿ Pllts, Re-bound1￿ and many more. N￿frthIsyt•rwe have welcorned the D]sabled Chlldren's th•rfty, Menphys as wè b¥ln to host thelrS•turday I￿rnI1 youth club. Gulde for the ￿l￿d hw•ch￿n the Gr￿ as a local traInI￿ centrefor thdr puppytralnl￿ DB Mortlort Unhyrjlty hm set up a freethlldren's S•turdtyArts aub dub offerfn8 a space for peo￿1nd p•rentsto tske part In Ilknk block art proJ￿ts cumuLqtln8 In •n art ethlbklon. In add￿[0￿ a nvAT exdtlr¥ prolttt wlth ¢Jr4e TheatN whlch saw vn8 people eXperten￿ a lfyweek workshop In mu5kal the•tre on slte and op￿rtunItIeS￿ see t¥K) s￿￿w$•t Curve The4tr4 ￿lfi￿n•t1￿ wlth J performanc• In our b￿d-neWtheatreSP1C•. One ar•a that we dld rbot m•n•8etOg0t fundln8 for knma1￿w•sforth0 Groveoardon space atthe r••rof thq bulldlng. Our vblon wasto crut• a sp•cethatu>uld be used as an extenslon to the hall and o se¥tln8 •rea for Woplevisltl￿ ourC•fé. We wer•threforethrfll•d Wh￿ wewern jpproxhqd ty local ￿1 thWn8•r flrm Danaher & w1￿h, ask1￿ ff we h communlty pmJ•Lt thry¢0￿d do fvr usl Thek5pDnsorshlpof tht landxaplng mJterfa15 •nd supptyof lthur and equlpment h85 emb1￿ usto realourvfsk>n •rrtl U•d 4 8re5pac•th can be •nJoyed byth• lKA•cQmmun￿.

THE BRAUNsfoNE FOUNDATION TRusfEES REPORT (CONTINUED)(INCWDING DIREcfoRS' REpom FOR THE YEAR ENDED 31 MARCH2024 TheGr￿ fadltty Is •Lw very popularfor room hlrefor meetln8Si tralnlni cour5e5 and evert5 •nd15 rB8uknty US￿ byth• kKal NHSte•m¥ aty Coun¢ll twm4 DwPTralnI￿ prvldqr4 th• LLR Vtolqnt• R•durtlDn N•twMrK H•ads up dwrlty and Ldc•ster Mammas to n•m • f Youth I Fund at The GrovE AS rewrted In 3023, we wern extr•rTKty pl•ased to announce we h•d been succesrful In belng w•rded • Irart ot £588.1 from theyouth Inve5tm•nt Fund a 8ovemment wogrlmm from the DCMS. The Jward IndudBd a capltsl %theme and contthjutlw to #thcosts from 2023 to 2025. The apiial sehanept underway In July2023 and wasc¢Jmpleted In luty20 The Inbtm•nt hay nmdè ￿￿1¢the uprnlkni of the Hallloance Studlo Into a PwkThl￿VI$SP¥￿ wth rntr4ctsbl?Iler•d 5•atlrw and new awlk>lvfsu•l equlpmentto create avery attr•￿￿•3p•￿fOrdr•rn•. theatr• and pwfonnjnw aswell as utllfty for •vents and Conferen￿ It funded the adbpt8tk)n ofthè flr#4oor thJnB1r￿ roo￿ spx• Intt more usable rooms for usq by tenants and sffjun8 people. has tretted lad1￿￿￿mOre aftwxhool and holklay artmtles tsrgeted workwlth oldqr young poople, ￿InIng¢ourseS lsuch as ourjunlor Lead8rs and Communlty Le•ders courM51. The new fxllftles Indude a Gimlng Row wlth a relaxedllnformol envjronrrwrtwfth ￿t￿lInd • ofym1￿ dwices, ￿￿e$￿￿$for1rO418èmln￿ along wlth tabl&tOP 8ame spKe ènd 8 Pwl tjbkn. Thegrnnt also • thnt In¥¥tment Irrtothe energy effldencyofthe bulldln8 by w¥yol retrtrffttln8 and nMcant up8radln8the he8tlrfcoDllni 5y5tfjm wlth low ener8vlhwdh effici&)cy boller5 and cllmltq Control sy5t•m In th• H•ll 5pace-•l wlth dfto12onI￿ fvThcdtsns ts s18n1lkant￿ Improve ener8y effriency and Mtalnablllty. Th• 8rart al￿ pald for PV solv panels on the rt)of, tr[￿e￿•Zed wlndows and LED lightin8throu8lKJuL Thescheme al￿ Pro￿ld forthe cre•tknn ofa new 3v3 93gketbqll courtadJac•rt toth•4G pttth and for iMcur• Blk• stor¥ unltwfth Blke malntsn•rce equlpmert. The lyjlldtni been decorat•d throU￿oUt and new ￿ IrLstined to in Irryresthe aNI wekorn1￿ bulldln8 and f•cMityfor kul people and vtsltorsfrom across Lqlc•Jter5hlr• and bly￿d. Most knport•th, thb Invests￿ In th• bulld1￿ alD￿ wfth fundlng from NLCF Imlllon Hours). hx u•t•d the sp•c• •nd copxlty to IwrKh a 7Athole raft ofathlt1•5for Young Poople across wlen dto prw• The￿F proJe¢t Is for 2yearJ upto 2025 and fomx a nr part Of a >yoar Buslness Pl•n forthe strttch1￿to 202& Th• Bo•rd of Trustees w15he5 to thJnk th• tum at the Gro¥e for al they ha¥e •thlwed thls l•st ye•r- kn p•rrTcular the mantoenntteamwho hmv4ars•￿ a major capftal scheft￿ whllst keeplnlthe bulld1￿ OP￿ and OPer￿OnI1 and the hu8e •m￿nt of devqlopmwtth•ttry hv4e undortak•n •nd th0￿ce•s$that Is •lr••ty wldenL Thls servlceww bJT•d N•￿b￿Urhood gjpport Olnce ot our &llwds Hlll 2023n4. tskes the load In Comm￿lty •nB•8•mont and prcfvldln8 a food pro8r•mnx •coss to weltsreldebt athrfce #nd miny ¢)th•r support sqrvlcw. r( also connoLts with the wmmunlty throuth ¥ ra￿ of medlll (notably the Braun5tone Aert communrty ma8azlnel and the ddl¥ery of h18h-9￿lfty communlty vrtrrt& The servlce supportsa wlde r•4eof bi)lurte•r5 who ￿dIrt¥ke varlety of roles Kr035 )11 ser¥•& A bdef summDry of artfvfty15 hlthlwited below: Dur 6th•nd1￿ scheme has be•n In opor•th)n for 6 ￿5. The xhome hJ5threedem•ts:

THE BRAUNsfoNE FOUNDATION TRusfEES REpoirr ICONTINUED)(INCWDIN6 DIRECTORS. REPORn FOR THE YEAR ENDED 31 MARCH2024 11 B•frfendln8 arranpm•nts-Thryran be%la homo Vlslrsmd can Include meettng up •nd lo1￿ toT•lkMme sessfons or other¥enue5& plaWngpma% or slmpty hav[￿ a natter ot hoN. Ortelephone btrfrfendlr& wtth • re8Ldarlthten weektyl cal to have ¥ theck4n on th• person's ￿eral wellbeln8 8nd a cttth-up. Tho •rr•ngements ￿ nottlme Ilmtted metlmes peoplds Impnm to wch an &¥trt thatthy no lorw need the s•rvtce and ha¥e a 8reErablltyto sod1￿4 8thf •re experlenclng bettw huth •nd Wel￿1￿ The Hom• vlsm 8efrfenders oporDte 52 weeks •yw. There are 16 m￿￿￿1$ C￿ owoll IlstsforTfjl•phoM BthIendl￿ and[art￿rthWeWere8I6a11s madeto tho people. Elwn•nt 2>T•1k￿mISDd1[ Groups-•n opportunhyfor resldwtsto fflmt up ￿dtrIkt0 ruldents In the arna. T¥mw•ekty 5e551onsat 2 dlfferert venues resources whkh makethe s85slons Varled and IntqrLstln¥, Identlftcatlon and r•forral ￿rne throu￿ mary souff¢s e.& n•lghbouts, fam1￿, soclal Car￿ GP'S ind Occupatlonal ThewLqt& Across the S•ndyhurst Supported l￿r￿ and St Peters thur¢h H411 Yanuoscomblnrf w• hm 26 attendees a woek on •v•rJy. Prnvldln8sesslons for 51 ￿￿kS 0fth￿r, w￿h 1326 tsndttKathrouJhoutthe￿r. We tsken both iroups out to a number of trlps thLq pastywr I￿lUdIn% to a I￿?1 lunch dub •tTrfnhy MethodLst thurth: CherryTre• Garden Certres: Can81 b¢)¥t trfp •nd iL%o a'se•slde Ir￿￿ day Twhere we cook•d them tlsh and chlp5and enkned ymes h¢>ok o duck •nd llnished the event wlth an Icecrewm. DurTn8 Dttember all th•xh•mo m￿b¥S recew hw quillty and ￿rnP•r pKks dunthj * • r•ny oflLuI bu￿ne$s< tommunty woup4 khool4 Churthes al￿ communlty m•rnb￿ ThkTtm• m•mb•rs •150 attended CumThqatr• for• thrfstM￿ cab¥rt mnL Element 31 A M•n'$ Group for ¢)Yer4Of4d￿ %xl•l FMlatlon arKI londln•M Our M•n'$ Group Lwnched In 20214nd althou8h ￿ has milrtalnod l¢x number4 the lThyatt b hl¥h Dn the Ind￿￿•15 who•re InvO￿ed. The8roup Con￿nUe to supportthe PT•kJv•d@45 Communtiy Shop on WelllnBer Way by dolrq gardonlngJnd oth DNtth& Thewoup has support•d some Indtvldual eldetylvulnorable residentswho needed somo pr•ttk•l or z•rdenln8 supportdueto dIlfftU￿ drcurrlltsnces. Thwalso wthrfded sknTfftantwlunt•wsupportto ourWarnt•r• prolxt fvnded ty N•doMI Grld ComMun￿V F￿￿-th•¥ helped to ue4t• practlcal Indudlng blankÈts, flosks, r•dlatorfoll. draftex¢luders Ind hotwater bottles,. whkh were dlstrlbutedtoour Foodshare Members andvulnÈrable housetrdds. Thty al￿ helped to delfvw packs to housebound people d Installed equlpment as M•d•d and d￿￿onstrated howto 8et the bestout ofthe equlpmenL The ￿uP hvrn•L> r4u14rty helped to dellvered ourth• b1-n￿nthlyA•rt m•p21ne ind enloyed trtpsto New Walk Muwm and p•k>unts(￿l Herlme Centre. The B￿rd wths to th•nkthe BeMendkn8 Tum for •ll k5 commltmert durlnsthe pist ￿kn￿￿ed￿l the qwjjl role ply for m•nyof ow older knlat•J Ind oft•n lon•ly resldentL Slnc•WI 2022 we hwe been vwy ple￿dt0 b•Mrd•d innual yants from LLR LPT{NHSb as partofthdrGHIN progr•mme. ThlsalmstoprovldeaJnwnunity&5•d sUPPOrtvTa • range of pr￿Ader$that¢0ntrfbUteIOW￿d$t0ckl1￿ Iwle¥el rn￿￿1 health Our proJett, GetCOnnttte￿Wll￿lrnSto provldèopportunlllesforlcul peopleto enpylnYllnesfrb•sed 4ctMd4 wlth tlm for establishlwfrierthhlp5 and m&lntalnlr8 sodal Ktlvty outskleof the hom& ThrO￿h￿l 202314, the GHIN PrnlrLt qnibled the Nelthbourhood Support Tum to en818• wfth 392 p•opl• wlth 5473 •tt4ndan￿This Indudes *t•ndancosfrom the FoodbanK Wrlendln8Ser¥ke and T•lkThmesessknns•s wdl asthe numrou9 •ctMtles ind prc8rnmm•5 h1ldthro￿hThrtthe yur.

THE BRAUNsfoNE FOUNDATION TRUSTEES REPORT (COIITINUED)(INCWDING DIRECTORS. AEPORn FOR THE YEAR ENDED 31 MARCH2024 ActMtIo5 were den•d to supwjrt those wlth low mood. anxlety and155ues around Sell￿re. Encour¥tni people to communltyandsoclaltsln8opportunttks local￿. 054n 1ndhTId￿1or a5 a famlFy. These actMtl85consLst•d ofaWeWdlbelni oup dÈned to emptrwerpwpje Into selfthlp and s•lfnKtemi Inv•5trn•nt can bo made. Now In ft5 13th ywor, Brnui&tone Foodsh•r• (Foodhnk) Supp)rt￿ 75 mem￿r5 (hou￿). from A￿1 2023. whth p• at 81 member5 by Mirch 20X Unllke prevlous years we dkj not ttperlence muth of a dffllne In membershlp durt￿l the summ?r of 2023 and number5 r•malned fa1rtycorul#entth￿81￿￿ the year. Inevftably. th• ￿Th￿nY•d cost otfood )nd enewwere major contrlbutl￿f3ttOr5 In the hl8h numljerof people access1￿ the schem•. Memb•rs ir• rtlll r￿lertd rewladyandthe knp•r0W￿. servk• IrL1U¢l￿ weW•re. en¢r8y•nd debtadVIc•￿cAlS, has been Imprv¥8d fijrther wlth nK>r• suppDrt beIr￿ made Jvallable for members of the communtty. In the earfy put of 2024 Turnltv Polnt started to offtr In outreath sqrvtce from the N•18h￿urh0Od Support Bw. Thts meant that w• wero •ble to offer members wtth more complw¢ IMue5 a thance ta Jcc•s$￿pPort for substanceand aka￿1 •ddl¢tlon& Wor*Poys also st•rtedts offwan outyeKh Servteg In 2024 to hqlp wpI￿rt ThMibers whowam ra retum to wprk wtth CV gjpprt (•urse4 •nd hqlp wlth •ppty1r￿forJotsS Tho Pantry elemert ofth• Foodshare programme contlnuw to offer members a brldB• between the orn•r8erKy food ser4rfc• •rKI thelr eventu•l Indep•nden¢e from the scheme entIre￿. M•xlmlsln8 cllenV5 flnancas rema1￿ kw to bqJr4 able to achlL thFs 8oal. a￿hoU8h members wlth mre complex lswex often requlre sUPPOrt lor a lonler perlod. P4ntry membwshlp h remilnÈd ¢onifstert around 20 membtts.

THE BRAUNSTONE FOUNDATION TRUSTEES REpoirr {coNnNUED)IINCWDING DIREcfoRS' REPORn FOR THE YEAR EflDED 31 MARCX 2024 Foodshar• cothnues to b• a huge undertI￿nI requlrtng lots of ¥olurteer and staff tlme. HOW￿￿, we pre commltted to contlnulno thls essen￿¥1 work and happy to report th•t servke h85 lyln re£Ql￿1 a ftK¥d hThlene of 5 from •nvtronment•l hulth for wery In$￿t￿ whkh kn the proftsslon•lbm and detwmlnatfon of •ll thDse Inww In Its ddl¥ery. The ￿￿me Is supp￿e￿ by klnd th)natlons from knc41 Schools. Churth4 Communlty Group4 The ￿￿ent Bjnl minv Supwmifketslv ￿ Ne￿hbour1yAppl and spedal arran￿￿entswth ASDAIF055e Park). BoOker5Who1esJ￿rS and Morrl%J 1i4kester,A￿•5tone Road)- ak>ngwlth Indlvldual don¢Ys We alw malntpln an annual ¥fflllatlon to F)reShare ILelcester5hlrel The Is support•d by • of p•rtners In¢hJdlw CALSI prov1d1￿ Wehre Advtsor% We rffmln very 8rJt•fvl to CA as •r• able to off•r a quld¢ response and ￿pertIse to gJPPOrt Dur F￿Jdsharl memberswho mty be &Kp•rlencJni a ran8• of Is5ue5 •& benefft clalm quorf4 de￿. fuel povertY￿d other han15hlp5. Thry hdp ustooffw a Thwxe hollst]c servlco to Dur FoodSh4re mernber4 whlch allows us to rwnd notlust ty prov1dl￿f￿xl Ixrt tytryln8totackJe ènd rnjolve the root causes of thdr dlffulUes leadln8to food po¥vty. Thro￿ thetlrelessworkof st•ff and 4vlunteersTe h•v&contIn￿d to swvettrm most In ne￿ In ourcommunliy. (>Jrt•am worked hard to xcess funds for IndMdua15 throw the g(wwnm•rt HouselM)Id gjpport Furd Ivla iokestw aty Councll), whkh helped those In crtsl$ wffth food, •nar8y costs and eswntlal warn) dothkw Ind •pplIanc￿ We w15h to th￿k the aty Q>uMII for fts suppDrtto loul peopl& We would Ilk• to aCkn￿wI8 and thank R••chlng P•Dpl• Consortlum for thdr m•n•yment and c(pordfnatlon of the Emerpnry Food Grants Iv14 Government Fundlng), whkh h•ve helped mu5W towards the cost Df roplEntshlng 5t(Kks of e55WrtJal Items ond fresh fruK ￿e￿bleS and dilry pmducts thro￿Out the ye4r. In p•rtlwlw, we to think Tkn Adldn IEm•ryery Food Ctrordlnat•rk for his0￿￿SUppOrt for our Foodshare 5th•me. In WntÈr2023n4 we wer•¥eryplea5ed to h￿Q been sele¢red for 8 8rintof £io.ow to tyeate50WnterWarmCare pacbfor households mort In nwd. The pack5 Induded enerw swlng Itthns suth Is Iltht bulbs, radlator kry5. radlator foll •nd Intsrn41 doordrwht èxtkndw' •$ well 45 ￿•rn$ for wamh e4 flette br￿k1￿ fiask% and hotT•t•r bottl•s. Tho path wer• Jssembfed by • youp of loc•1 ￿lunteerI Inftrmatlon book1￿ to iccompany the enertr$￿ equlpment w&s ¢rd by our Foodshare Co￿[nIter, who • Lthyl 3 9￿TrA￿atIon In EnErBy A￿enesS from Nlon•l EnerBykUon. The pth were tswed at our FoDdShare members Jnd other vulnerd)l• hous•holds and whff• ne•ded our Men'j Group delfr￿ed the packs tothe home and helped to Install the oquIpm￿L The Bo8rd of Trustets wjshes to thanks the Nelthbourhood ￿pPort T￿M ind dedlcated bvlunteors for 411 its hard work aThJ commltment In seThI￿￿xn0 ofthÈ n￿sE¥ulnerable8nd In need resldents In Briunston4 and contlnulnsto dwelop and adapt th• s•rrfceto meetthos1 n••ds In p8rtkulw,the Botrd K+uld leto brlw attehtknntotwo keYI¢#titnrtlTrth•team dur1r¥I￿ W ¥ur. Sknan Oddy-TralrfnISupi￿ Workw. Slmon retlred earty In 2024 afttr wlth us for • foNowlr4T yurs workkn8 kn comftwJnlly4ased ￿Ult Educ•tion. w•w•r•￿vfOftUnOt•tO haveslmgn workfor us brin8tn8 htsweakh and experferw whlth he used tD8re)t effett hdplrvl people to eny8e In ¥oluntoerln8 and supportlwthem In any he could wlth I￿rnI￿ He wès also key In supportlniour Men's Group. We w15h Slmon a very lor4 hullhy and harvi retlremnt In L•nt&qhlr• wherehe h dto andth4nk for au h15 hard work and mmmltsnenL Ann•Short-%Nk• M•na8er {NelBhbourhood Supwtl. Annelolned ￿rOr84n7s•tl0n 17ye4rs a5 1 communtty5￿pP0rt Worker and n>se to be the ￿￿1¢e Man4•r, dw•lopln8 team of ￿pPort Workfjrs and CTeatln8 all the projerts and servltes outllnad abov•. Anne Breat •th￿te fvr lurrteerfn8 ond off•rfn6 peoplE the Chan￿ to Improve thelr s￿11$ and conlldenc•,' Ind to help people to help themse￿•￿ better. She also took the lead in prvAdlnB rtudent pl•c•ments for a number of Un￿erS￿les, offer7￿ essontlal In$lOt Into

THE BRAUNsfoNE FOUNDATION TRLisfEES REpoirr (COPfflHUED)(INCWDING DIRECTORS. REpom WorkI￿]n th• (omrnunityfor man¥st￿nts0%￿th0¥urs. Anne lea¥T5 1 stroll te•m behlnd her arnl Jhould be prnud of ill thè has athlwed throlwh her hard worl commltment •nd d•dlc•tlon toth• role and the 8r4u1thnecommunltyo￿rw miny y•ar& Anne wlll be mlssed by her wlle•8ues at b Insplred and ￿50 many peopl• she has7hthed wlth owth•y•ars ?ndth• BNrd of TnJtees to expr•ss Sts slncBre thanks and with Anne a happy And h&hhy retlr•rrrfnt •nd hopethat sh• c•n enloyspendln8 rN¥retlrne her famltyand on herfavourlte hobtyof 8arden1￿. Tho above servfces rqlatstothe Foundbtlons chathbl• obJ•¢ts al, b}, 4, dk •), fjo), h).11,11 and k). In Sprlng2024the Chlrf(hYlc•r Inhlated • pro1￿ to bulld • new b Insplred c4mpwryw•bsTtq •nd rfrlaurKh. Th• nff slte wag14unch•d In prll •nd Fs more thffj4ffll4 f•ster, easlff to nwlW•, u51•r to •dlt and upd•ts Intern•1￿. The formrt has rnre"Cal￿ta actlon" forcTr)ta￿nB U5 •rKI ls• better reposltory of InformaYon about our hlstory. story. ourvlslo our sw¥ke$ and l¥t•t n•￿ Wè hwe a150 embedd•d In onllne donation pw th• You pl•tfomi whlth alreJd¥ helplngto •ttratt more Indlvfdual donathns and offersa more dfident prDc•sS. The trust•es hm notod th• flnandal pasltlon ofthe ch¥lty •tth• 31 Ma￿h 2024 ￿r-end. The Ststement of Rnancl•l Acttvltlesshm •c4xnbln•d 8roup annual wrnowr forth•fln•rKknI ￿r202￿4of&IZ9,3J3. Durlng the year there an actuarl•l Joss on the ￿lu￿tIon of the MultkEmployer Pen51on kheme. Th1$ ye•r we report an rtuarfal lossof £ll(XXX Thls xtu•rlal loss Is wln r•port•d In thestaternent of Hn•nclal Acdvltles. We abo report a n4t195S on the rt4aluatk¥n of In¥esbrnrt propertSts of É66I(K¥J•nd 8alnson ￿￿TbIllx•d asxts of£123AXI, Aftor wetsk• knto conslderndM plns ind losses we are abkn to T•POrt n•t r•ductlDn In fvrth of£679.070 COM￿r0d to l•st rodurtTon of£￿,920. The Inwrtofthe rnvaluatbn5 ha5 snlfiant Impxton posftlon. There 4r• rK> fvnds ￿ld a5 ¢Wtodlan trwt•• on beh4llof oth The Br•un#one Foundatkn mths payfflents Into a Multl4mployer Penslon SchemÈ ISHPSI on behalf of rts empknes and retlrws In ¢xderto meet certaln shortfalls withlnthat Defingd Ben•fft Schem& Underthe past preval11￿1*1Jtloffj ft was not nqceuarytoKcourtforth• th>rtfJl thrtthec¢mpwy h•dto m•kep)od bffause ofthe nature ofthexhwm. HowMr, because Muttlthplryer knslon schemed￿r[ts h•veto be ￿￿Unted lor under FRS102-ther• 1$ an Impatton th• Thls mans thatthe Kmunts have adjusted to Kwunt for any attuarlal adJustm?nts as artlculat•d Jbo¥e 8nd ther• Is • £12,IXXI incr•a5e In th•d•tldL meamthe probts5on forthls dendt nDW Stands It £543,1K￿ as atthe 31 Marth 20X Th• penslon xth•m• d•fldt appwrsto fi￿•te ¥ubst•ntl•I￿YI1r on ￿•r. io

THE BRAUNsfoNE FOUNDATION TRusfEES REPORT {copillNUEDI(INCLiH>IN6 DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH2024 Aft•rtsklni Into conslduatlon •ll th8s• Iteffts the thwlty orr115 fowrd rnMr¥es ￿1011￿.. Unre$¢rk￿d Fundsof £3,245,535 •fter penJn adJustments and revaluatlons Dwlywtld Fundsof£425.230 aft¥tr￿st•rS from urre#rkted funds. R•5tr1Lt•d Fundsof £223.695 PornMn•rt Endtra7mont of£5.(WJKKI mwns the Ch¥ftJl• Conwany £8A93J67 of totsl funds c¥rW forw•rd. These fvnds ￿ ¥llt b8t￿n th• unrestrlLTrd funds dtsknated f￿￿1 th• r•slrfcted funds th• permanent endowmth)t fund. see Itit•mgnt of flnanthl •ctMdes on pw 20. The Board hu a strMytow•rth th• holdlni ofr•ser¥ W• IM>ld In wr•5trfrt•d rqwr¥es upto th morth Operat1￿ costs to cover payments to stth11.•. nolke pwlods of 3 nKnths 4nd reduNIoV C4). costs, contrattl e11oblllty costs and l•yl rosts. Th1$ appro•ch Is based on in undorstandtng of the Income streams and th•lr r]sk profile •nd •xcludes exp•)dttwe relatqd to op•rntJons vthOl￿rUnd0d by restrlctod fund& Thetrustees estlmats norn￿1 ary>lni•nnu•l c4ststo be around £L5(K>,OLk) perywr. The trustees e5Umat•that resen￿$ jt • I￿1 of approxlmatdy £750.fxK) would e￿Ure thab In the V4ent ol a S￿Incant drap Infvnd1￿ thrywould beableto c0ntlnuethechafftl$￿r￿tartM￿¢swhllecanSldeft￿Qn ts61￿ntO wrysln whlchadditlonal funds may be rnlsed. ThE tharky had Clos1￿ unr•srrlrted rerves of£3,245W IS at the 31 Marth 21>X So wtthout fvrthar thls iooks ¥wy HOW￿r. we need tOcon￿lerthkn In relthntothetypeofassets held whlch th• unre5trlctod fur￿ Of th• allots held In Unre#rkted Fund5 £L346,342 In Prnperty, Hant ind Equlpmont. A further 4221(KKI Is h•ld In Investment Propwtleswhkh wo¥kl¢ihe Incom thecharfty needs to undertake tts act￿t￿& In Free unre￿I¢l•d fu￿ Twe h4• not current usets of £219fi10 whifst th• penslon1lablNty of É543IXJ) fs dlrttdy match •gaInstth￿ fvndk The chadty has • strnte4Y to vs Iwlld Up ca9h re5er¥ffl, to •nabl• w to bulld up as5•ts whln unrestrkted fijnds thAt Irn more Ilquld. A kw¢lemthtof thls bsurplusfvnds bel￿generat•d In ourtradlngsubsldlary and beln8 doThYted Into the ¢harlty. Thes• cash sumg hAve b•on p•ld ov•r Or￿ It ￿ Ilftln8 our unr•5trktod Ilquld •uets to co¥er unexpected conUn8endes whlch help5 US to athknourstated The Boird condurts ttsown of the major rLth each vwrthrO￿h Its Buslness PlaMln8 procl￿ A>ii•r Buslnem PI wa5 prod￿e￿ In ￿rIY 2023, to crnwthe perlod 2023 to 2026 and rlsks rvAeed thlsUme. As wkh mostcharltle4 thls 4J05•5 rlsks Ind systwr4 be￿ establthh¢d to mltiW•those r*. Ext•m41 rfskry hMI be•n mamied throuth • robu#

THE BRAUNsfoNE FOUNDATION TRusfEES REPORT (copinNUED)(INCWDING DIREcfoRS' REpoKr) FOR THE YEAR ENDED 31 AIARCH2024 buslntss planthat Isfl•xlble and adpptable, yetstlll ambltlous. Intamal mlnlmlsed by adhff•nc•to ￿ Rnantlal Rwl•tlon4 Pollde5 ind pr￿edure￿ Jlong wth upd¥t8Sto Ils HR Polkles. The mlln rlsks w• dwmad to be: • Should the Brnurthn• Foundatlon •xh•ust b OFerattn8 r•sthv•4 th•n It mltht be un•bl•to nxet rts commltments • The Board DlrectorslTru#ees orst•ff In kyopwathxwl and strateBtc rn11s could l•M ind pthtlANy hm4n adverse Impact on ffjnLwtlon. Sh)uld addmonal Intomg not be secured th•n InMrffid•nt r•wurces would be oRllable to milntsin the ￿rrent It4el Df staff and rexour¢85. . Competldon fryy•nt fundln8wIII bttvm• flprrnr as Iwels of wbl1csp￿￿nB dKIkn•. . F•llure to d111￿On contrattswuuld In both • flMncl•l lum and dam¥yto the r•putatfon of the company. . Iiywt 0fc05tofLM￿ . Ma￿r thsrLPtlonto normd owatlon5 dueto dlsA#er or oth•r$l￿1fi¢•nts￿ark1 IE& totsl hllure, Intem•Vothervlru5 s•verln•twork f•llur4 cornrt4SyStwrn faI￿re. Mcurlty tack). Sefttor m•n¥ement Tqport pwlormance wln9tthe Buth8s5 Pl•n forall ser¥kesat Bo•rd m•at1￿ •longwlth o quarter￿ rwlthv offinmthl performnce and proweg14alnsttsri•t& The 2024tsve4r has alr•ady boen buw. Our>y•4r BU￿ne$S Plan cortlnu•510 Lrnt• a k>tofxd¥lty on minyfronts. Durfn820241Z5 vn ha¥e already •nd wlll cortlnueto be commlttqd to up￿1￿1 r•tro&fftdngour bulldln8s to mike thgm better fftfor purpDW safo andwekomlwforall oUr￿lItorS and Import•rtty- more •nu8y effklrt ￿knable. Tothls ond w• aWaIttheo￿C0￿ of re￿ntfUndlnI bldstD UP8rnde our hu￿n￿ •tthe Gallirds Hlll sfte to a rrK>d•rn low en•ryylhW eft7clenq sptem and the Install•tlon of atralnlni kltchan and comfyaw, In orderthrt we can offtrfood cookfnid•monstradons •nd cournes etr. to r•lse awar￿eSS0t ut511￿￿ f￿mI we hm donoted and fresh produce- reducl fiyllwpod food 801￿r0 ryste. W• ar• planntng a Rd•unch Eventforthe Grove Camrnunlty Hub In urfy ¢Xlobw2024 to showc4setO 4 fld• r¥yof partnersthe up8r8ded fadlRl&-wtth the Intertlon of brIn￿n￿on board nv• us•rsof the bulldlnl and more 8roups and a￿v￿51￿r kxal PEDpIe. FolIty￿￿the pth results from our Mentsl Health rdated proleo we plan to ￿￿nUt& focusonth15 Import•)t aw of helfth and look forwardto de¥dopln8the Braunstone Mental He4hh Ne11￿ FoNowln8thetransldon In Ser4e Mjnyfor Nd8hbourhood Support In the mlddl• of 2024. the new pOstholder￿ll l&d on a new Brnunstone Nelthlx)urhood Actk)n Plan earty In 202S. Thls wlll ¢r￿p￿ consu￿￿tION r055 both local feshlents and servke provlders and y1n1r￿ Inslghtfrom local populatlon data. We ￿11 try neaT 8PFmthes and use the processto rerxult more local peopkto en84e In local clvk acllon and vdunteÈrln8. We hope to attfatt a fundlni p4rtn•rto Invest our new approachej. WI￿ apprncl)tss thev4lu•&nd lrnportarKe otcommunlty¥oke4nd actlon. Th1$ 1$ pjrttcularfy IMp￿￿t In r•tatbJn to YOU￿ PWIL We wlll a150 dtr4dop 4 wolert￿d plan to cehbr•t•the 25th Annl¥ffsaryofthe fomi*ion ofow ownLsotkn COMI￿ up on the 04ju￿, 2025. 12

THE BRAUNsfoNE FOUNDATION TRUSTEES REPORT (coKnNUEDXINCWDING DIRECTORS. REPORn Th• charlry b • fA)mp4rw 11m1t￿ trrf￿ar•n￿ Th• Charfty CommI5￿n awardrAI the Br•Jnston• Foundatlon ¥Ath ch•rftable stus on 29 Docember 2010, condftlon. Itww agreed to dmbp a"sroup structurrf, wlthth• establlshment of a l(MYA OWfd tradlr4 $ubsKliary of the Foundatlon. to undertakE the nonn and HR sUb￿￿MItte￿ ts fomRd, 45 and ¥Awn reg￿red. The Chlef Offlcertskes rw0n5￿11ryf0r Induttton to the thirkyfor newTrustees and orpnLw5 •nytralnln8ts rtqulred. Th•T￿￿tee5 ￿ also Dlrfjrtornofthe Companyforthe purwms ofComp•ny Law. Tru#•85 hayoa tsnur•thlp Of4￿)r5. Tn dethre•ll pwsMal and Pfof8slon•l conneLtloM on a r•roflnter•sts. Atthestat of•th meetln d￿aratIOnS￿re mideof any pthntlal confiktsof Inter•sts and the rdeéont truth••¥auesthemsdv85from any thatthe chwMy mu¥t make re￿￿1￿ ¥ conftlrtoflnt•rut. Related ￿tranS￿Elon$ In the￿r hav• b•en dW05ed wlthln the notes ofthe 4￿¢ynts. Angle Wrht- Chl•f offlc¢r and Corrynyseuetary Unda Grubb- H•gd ofoperatluns Th• Board ofTrustea hm de￿1 da*to4ry m•naB•m•rt 0ryjnl￿don tohNl•WrlshL Chkfomcer. Tru5tM5 do not rtt•lve On￿ relrnbUrS￿nent￿f roas0nabl•o￿0f pocket necessaryln th• carrylr out of thelrdutles. aff and remunttthn 1$ Mt bythe B￿rd ofTru#ees. 13

THE BRAUNsfoNE FOUNDATION ThusrEES REPORT (copillNUED)(IN(IUDING DIREcfoRS' REPORT) FOR THE W EIIOED 31 MARCH2024 MEMBW-Durfw2m¥24 Braur&ton• ￿dent N•thvrk Clockwlse Credlt Unknn Frlends of Ht8hway5plMey Lekester aty Coundl NHS Lelctstsr aty St Ptters Churth Palmers of Leicester Ltd. The Braurston•Adv•ntw• Plwound Uolned 81 mr•r 14mmi The compllny hJs been a proud Investors In Peopl• accr•dlted •mployerfor 14years and undertakes a trf4nnu?l K¢redltatfon pn)ce55. Th• lut proce$5 In I￿2 and durfni2024w• beon 8atherfn8 Informatkn and Inpvtfrom qmpl¢iyee5 In order to undertakethe ￿¢red￿￿tIon In earty 2025. Durfnl thls proctss 100% of all staff ¥AII be 5ur¥eyed orKI key staff IrrteThlewed. Th•outcome ofthe process pm¥fdes 4 dwelopment plarb that knform5 (wjr proyarnrne of tr¥lnln8and developrnenL In xcordano wlth the comparfs irtlcl4 • resolutlon prO$￿I￿thItTh0ff$ Mayneld and Mayftdd & Co b• rgwpolntsd •9 •udltorofth8comp•ny wlll be put G•nernl Exh of thetrustees ha5 confirmed thattherels no InfOrm￿lon of wthlch ire 4wJre whlch b relwnt to the aud5¢ but of whkh the •udltor Is Unawa￿ furthor confirnRd thtt thw h•ve tsken Jpproprfate st•ps to Id•7th such relant Infommtkn ondts 4#•b115h thK the audor 1$ awe t)f s￿h Infrymjkn. The Trustees IlwrtW41 •pprtyrtd tythe ￿rd ofTNs Chalr Drted: 28th O£tober 2024 14

THE BIIAUNSTONE FOUNDATION srATEMENT OF TRusfEES RESPONSIBIUTIES Th•tNstoe5, are ilsothe dlre¢torsof The Bmrts￿ne Foundatlon forthe purpose of comyny law, ir• reswwlbjefor pr¥arfr￿ theTrustees Report Ind the aKcounts In accordanc• wlth ipWkth• I￿ ar%f UnFt•d ￿￿d0M A¢countlng5tsndards (Unttod Klngdom Genernlty Attfjpled Accountsns Prdrtlcel. Conw•ny Law r¢qulr•s thetnuteesto pr•p4r• accountsfor •ach fina￿1¥1 ye•r whlch the a tn￿ and lalr¥lewof theth of •ffalrs ofthe charlty and of th• Incomln8 r•sou￿ ind appllcathin of rasourc IndUdl￿the Income •Thl &Ypendlture, of th• ch•rltable c4mpony forth yèar. In prepwTn8these accoun￿th•trU%t•l5 ir• r•qulred to.. . sthble accourrtlrw polklqg thon •pptYthem conslstenthr, - ob5wve the mvttK>d5 and wlndples In the Ch•rltlesSORP - makelud8em•nts and thot w• reasonable ind pnldentr -state whether1pp1lcab￿ UKk￿n￿n￿￿ndaId5 hmi bwn followed. $ublert to materfal departures dlsclos•d Ind expklnad In th• accounty. ¥nd - propareth• iccounts on thegolnB concern basL5 unlus St b Inapproprlareio prosume thrtthe C￿￿ty*ll[ contlnue In operatton. Thu tn￿teeS arn r•sk￿r￿[ble for keep1￿ adaquate ar£ountln8 retords thit d15dosewlth T￿Onable accur￿ at anyumethe flnanclal posfiion of the charlty and enable them ta ensure th•t the Kcounts comptywth the Comp8nles Art Zl)D6. Thw are also responslblefor s8f4u4rdln8 the assétsof theth•rlty Ind henc• for tak1￿ re#onabl•shpsf¢xth• prmnth)n d•t•rtlon offrwd at)d othw Irrwhrltle& 15

THE BAAUNsfoNE FOUNDATION INDEPENDEKf AUDITOR'S REPORT TO THE TRUSfEES OF THE BRAUNsfoNE FOUNDATION We have lUdt￿ th• lI￿nd11 stthments ofTh• 8raunstone Foundatlon Ith• ￿r•Irt compwryl and Its wbsldljry (theAroup) for the y•ar ended 31 M•rth 2024 whlth comprlse the wup 5tatomMrt of flnanclal attfvltle4 the group b•l•nce shee¢ the comwny bAlano sheeLthe8roupstthment ofcash flows and the notQ5to thB lIn￿dI1 statements, IrKlUdI￿ • summaryof 518nlfkant accDuntln8 pollde& Tho finandal reportin8hm•work that beon aP￿I¢d In thelr prep•r•Yon 1$ appllcable ltr aNI Unlted Kln8dom Ac￿UntIng Standard4 IrKludlni Flnanclal Reportlng Stsnd•rd 102 The Flnind•l RePoru￿ St￿d￿￿ appNcabk In ihe UK and Republlc of Ireland IUnlt•d KIn￿Orn Generalty A• A¢countln8 Pr•ctlul. In our0pkn1o￿ the flnlnrlal tstqm•nts: ve a true and falrTAffiv of the state ofthe Br￿￿$ •nd wrert ch•rltable comp•rfs •fvlrs •s rt 31 Mareh 2024 and of Its Incomloq resources and •plkatlon of reSDufc05, IndudlnB Its Income and wendItUr￿ forthe wrthen end&. hwe been propth pr•parad In KCOrdan￿WIrh Untted Kfn8th)m Gen9rnI￿Acclp￿ £cOunth￿ Pract. Ind h•ve been prepared In Kco￿nCe wlth the requlrements of theCh•rlYes Art zoii. forop We conducted our a￿Tt In accord•K• wfrh Intemlthnal Stsndirds on Audftlng {UK)11&4s (UK)) aThl ?Wlcabl• l•w. responsibllltlos under tknse rtandords •re further d0xrtb￿ In the Audknffs resP￿￿bIl￿1oS for the audlt of the flnandal ststements sectlon of twr rÈport. We •re Independent of th• tharlty Ir xcordance wrth the ethk41 rnqulrom•nts that are relvlant to our audlt of thé Kcourrt5 In the UK Includlni the FR¢s Ethkal Standar￿ and we hav• fuffilled our other ethkal re9ponslb11th5 In accfjrdance wth these requlr¢ments We b￿r￿th8tthe aud￿ w• hmobtalnod Issufltdent •nd 4pproprlit&to p￿￿de a ba515 for ouroplnlon. Conduilom rel•lryto c4fftwn In ¥udftl￿thI flnanclal Staternen￿ we ￿r￿luded thjtthetrustees, use of tr8olnu wnc¥rn b4111 o1accourtlr￿ln the preyratlon of th• ftnandal statements Is appmprl•ts. BAsed on theworkwe w• have Identlfied any materkl unnrt41nths r•lFnglo e￿nts or condlEIDns IrdMduallyor collKtkw•ty. mayca5t slgnmunt doubt on the 8roup and p•r•nt ¢harftable ￿Mparf5 abllltyto contlnue as agolTh4 concern for a pRrlod ofat Iu5tlweK• monthsfrom when theflMnd¥l skntwMnts•re authortsed fDr155Ue. Our responsibllkle5 •ndth• respons1￿1￿[8% of thetrustett wlth rwpfjrtto concem ¥edewlbvd In thq rthArt sertlons of thbs report. Thetnistees8rnrnsponslbleforthe tstherlrrfurmatton.Theotherlnform•tlon comththe Inf0m￿n Includ•d Inth•annual reprt ¢)therthmthe ftnanclal 5t4tsment5 and our audltorfs r•port thereon. Ouropinlon on theflnand•l st4tementsdoes not Clmrthe other Infwrn•th)n and we do not expre55 •nyform ofassur•nc• conduslon thereon. In connectlon Tth our fjudlt olthe fThndBI 5trt•m•nty our r•pOns*ll￿ ts to re•d the other Inf0m￿tIon •nd. In d￿n9 conslderwhetherth¢other Infomlatsn Is mOterfal￿ Incon51stent wlth the flnorKl•l ststem￿ts0r our ￿￿¥led¥0 obtaln•d In the •udlt or otherwlx appears to be m¥tethliy mLsstthd. If we Idenllfy such moterfal Inconslstencles or •pparont fflat•rl•l mlsstateffl￿ w• are requlred to dBtsrniln• whether th•ro Is • m•t•rfil mlsstthnxrt In the flnandll stthmnts or matedal mLtytatementoftheotherlnfonnthn,11. bas1donthework￿ hw•perforn￿d.we(ondUdeth1tth￿1j o m•t•rfal m155thtement olthl$other Informitlon, w• arn r•qulred to reportthat We ￿¥• Th)thlNgto rwirt In thls repfd. 16

THE BRAUNSTONE FOUNDATION INDEPENDEpif AUDrroR'S REiioirr (copinNUED) TO THE TRUSTEES OF THE BRAUNsfoNE FOUNDATION M•ll•rnan ldbW•af• r•wlr•d tr• r•part by•xfaP In the Ilknt ofthe kr￿led￿ and understandln8 of thg tharlty and b •￿IrOnm￿l Obtsin￿ In couw ofthe hw• not Id•ntffled Mthr￿1 mtS9t8tements In the dlr¢ttor< report IIKlud￿ wthln th•truthos r•porL We h•¥e noth0￿ to report In rtsp•rt of th• follovAn8 matters In relathn to whkh the Charkfu (Accourt5 and Reports) WJl•tlons 2QJ8 requlre us to reporttosw ff. In our oplnlon: the Informlon In the tln•nclal statem￿ts b Inwnststrt In ¥ny mwt•rf41 rqsP•CtTh thetrustees report; or suffldent ￿￿untIng records have not been kept or the tlnlndal 5t•tEments are nrt In a8reerMntwlth the Kcountlns records; or wo hav• not rocel¥ed all the lTrforniathn •nd •xpl•n•tlonswe reoulre forour audk. As e¥plalned mre fuliy In th•statom￿t0l trustees rupmlbllltl4 thetrustoes, who are kn the dlrocloTrof the tharftyfor the purp￿ of company lyw. Ir• respo￿lb[e forthe preparat￿n of ihe flMn¢l•l statements gnd for belnisotfslFed tha th e a tru• and falr 7Aew. and for such Internal control •$ the trustees detemlne 1$ neCe￿ry to enjble tr• pr•p•rntlon of Ilnandhl 5tatsmontsthat•r•froe from matÈrfal mbstotemTh( whethw dueto fraud or error. In preparfThJ the flnar￿al statemen4 the tnrtees ore respO￿lbIe for •ssesslNd the charws DbNlty to contlnue •s • concem. dlsclosln& as applkèbl¢ matters related to8oln4wncem and U￿￿thE plnq Con￿rn bo$1$ of xcount1￿ unle55the trustw Intend to Ilquldate the ch¥ltabie coffynyorw ce•seoperathn or have no rn•llstlc •ltem•d¥e Ixto do go. We have been appolnted tt audltorunder sethin of th• Chwlt1•5Art 2011 and rem In •ccordJnu wlth the Art and relvmnt re8ulatlons made or hMrfweffKt thernunder. Our obleLtrn5 ar• to obtsin rusonable assurance about ￿therthe tlftjnthl ststements w • W￿10 arefre• fmm motetsl mtsstatsrn•n¢ wh•thordueto fraud or error, and to bsue •n •udltorfs reportthrtln¢ludes our oplnk>n. Re•son8bleassur•nce Is a hlth of a55uranw but b not a guarantee that an 4udlt conducted In Kcord•rKe wlth ISAS IUKI wlll •lwys detect m•tsthi m155t•t•m•ntwhon It ￿1st& Mlsstements c•n •rfse from fro￿1 or error and areconsldered m•terl•l W, Indmdual orln the J88re@at¢thrycould rèas0n•bWbeexpertedtolnfiuencethe￿)QMkdttTthMofu5er$rQken0n th•ba91sofihese flnandal statement& 1rr•6ular￿[Q4 IncludIr￿ froud we Insunces of non-compll•nte wth laws ond r¥ul•tlon5. We dttl8n pr+xedures In Ilne wth our responslbllltle4 Outllned aboN to detett m•terfal mlsstbtsmerts In respeLt of Irrwlarmes. Indudlwhud. The Lxtent tOThlch our prDcedure5 ¥recapable of detertlrvJ Irre8ular￿Ie4 Includlry fvud ts dotslled bekjw: Expknnthn u to wPAtertthe •udltw•i c￿11￿•d op•bh of dtt•cNni IrYwul•rftl•4 Indudlnifrwd As part of an audft In occtydarte wlth IMS IUKL we exerclse profess1on￿ lud8Thwt and M￿ntrIn wofwlonjl sr¢ptl¢15m thrWI￿￿tthe I￿1ft. W•Lw: Id￿and •ssLv th• rlskg of materfal mlsst•t•nMnt of th•fln•nclol sttements. wh&her ￿•t0fro[￿l (Y error, des and p•rfomi audlt procedures r•sporthe tothose rt$￿ JrKf obtaln lud￿ VId￿ceth•t Is sufflclertand jpproprfats to pru¥ld•i baslsforour oplnlon. The rlsk Df r￿deteCtIng o m•terl•l m￿aret￿Thr rnsuhln8 from frjud Is hl8herthgn for on• re5ult1￿ from error. as fraud may In￿1Ve Collus￿ fty8•ry, Intsntlon•l onknlon¥ Trlsr•prosentstbn% orthe ov•rrfd•of Internal control. Obtsin an understar4lniof Intsrr•l control relev4ntlothe auth In orderto deslWI auth pro¢eduresthat IpprOpr￿tI In the drcumstance¥ but notforthe purpose of wrEsslrvJ an oplnlon on the effettivenejs of the charltable Com￿n￿5 Intwnol control. E¥aluateth• approprlaten•M of accourtlr¥ polh used •nd the rewon•bleness of xCoun￿ry 1th•5 arrfl r¢l•t•d dLvJDJWU lrythttn￿to￿ 17

THE BRAUNSTONE FOUNDATION INDEPENDEKf AUDm)R'S REPORT IcoKllNUED) TO THE TRUSTEES OF THE BRAUNsfoNE FOUNDATION Condudeonthe ippr0prlatv￿Ofthetr￿%•e￿ uofth• uolni ¢x>ncem b951s of•¢£ountlni￿￿ bssod onthe audft Idence obtslned. whether a m•terf81 uncertalnty •xtst5 rdated to events orcondltfonsthatmay cast SI￿lfic￿nt doubt on the charIt￿l comparfs abllltyto contlnue plnB concern. Ilwe corKlude th4t 4 materfal vncertalnty exbts, we ire rnqulred to draw aryendon In our oudltorfs toth• relrted dlsdosures In th¢fln•rKkl statements or. IIsLth dLsclosures arn Inadoqugte. to modlfyourwnlon. ¢￿T ￿ndu￿on$91t based onthe •udlt ebrfdence obtalned up tothe d•te ofour audltorfs reporL How￿r. futur•v4ents or coNlltkM the th•rftoblv company tocejw to contlnui so1￿ concern. Evalu8t•tho (Nerall presentstIO￿ strucbjre and cont•nt of theflnind41 st•terrrrts, hKludlr¥the dbcloJur4 l￿d whothertheflnindal st)t¢ments repre5entth• Und•rt￿n8tr¥nSKtIQnS and ertnts In a mlnnorthat •ChIe￿fTr presqntathn Ile. 8 true and fairvlewl. Pl•n and perfurm the Broup audft to obtaln sufflclent Ipprnprth aud￿ rtyardl￿the flnlndol Infomth of th• entlties or buslness unlts wlthln th•8roup as 4 boslsfor8n oplnlon on the Iroup financFal We arn re5ponslbleforthe dlrectlon, supqThlslon and reAewof th¢ Jwllt ￿￿kp&form1d lorthe purposes ofthe 8royp •udh. We rwnaln solety rtsp(X￿b10 forour audltiwnlon. W• Comm￿[CatI wlth thos• char8ed wfth 8tyMiJru re89rdl￿ arno￿ (ther mattw4 the planned scope and tIrn￿ ofth• ¥udltind Sknffi￿nt audtflndlnN Indudlrwiny Sl￿￿¢4nt d•fid￿￿￿ In Int•mal control thtt w• 1d￿1fyd￿Iry1 wr iudk. u￿oI0Ur Ywt report lsmades01olytotheth•rltable¢4mp8rf5 members as abotr, In accordancewlth P•rt4of thp Charltle5 (l￿Ounts Ind Repwtsl Rwlatlons 2(m Our Jud￿ work has b•gn und•rtaken w thar we mltht st•to to the charftstAe mmpansls member5those matterswe are roqulred to stateto them In an audttorfsrwt and for r￿ other purpo￿ Tothefulle5t ethnt pemittted trtrt law. we do not ￿ept or aswme responslbllltyto arwim oth¥ thanthe ch4rtt•bleconwny and th• thwll•ble comp•nVs memhrs •$ a bodyi for our audlt forthLs repoo orfortheoplnlonswe hwe form8d. for•nd on 1*hIldM￿nI￿l &C le¥8lble ta xt M an a￿lItOrIn tsrms ofsectlon 1212 of the CoMp•nl•skt 2(X%) 2 Merus Qjurt Merfdlan Bwkness Park LE19 IRJ Dated: 281)ttober 2024 18

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THE BRAUNsfoNE FOUNDATION CONSOUDATED BALANCE SHEET ASAT31 MARCH2024 T￿￿ble assets Imlestment prop•ths 1346.432 73220LKI 1225.096 7.890JJ 8A68A32 9,115,096 Debtor5 Cash at bonk and In ￿1￿1 74025 LIOL276 IA65,643 17 1296,6151 1261h36) Totsl ••Mts Il•binii 9N37h 9,993J30 1543.1￿) {53W &894A 9AW30 End¢Mfm•nt fvnd$ Intome fun Re5tTkted funth Unrestrttted fuNIs De*nated fvnd5 eral unre5tr1ct•d fimds Revaluatkn r8wv• Penslon rw•rve 5,1X(l,￿XI 5,IMI,(XW) 223,695 425,23Q 3,32L547 463.137 4119.269 (S43,(￿> 1531,CQOJ 3.fJO,765 4395.394 9A61530 21

THE BRAUNSTONE FOUNDATION CONSOUDATED BALANCE SHEEr ASAT31 MARCH2Q24 company Is ent￿knJ to th••xmption from the audit reqUIr￿￿t contslned In 5•Ctlon 477 Ofthe coM￿nIes￿£t 20W for the￿rende￿ 31 March 2024 athou8h In ludlt h￿be•￿ c•rriedout under se£tlon 144ofth•Chofftleskt 2011. N¢ mimber of the company has d•pK>slt•d i ￿ wJr5UWrttO 5qcthn 4761 requlrln8 an •udlt of these ￿QuIt3 undorth• r•qulrements of th• Q>rwnlasAct 2(Xl6. The tnmtees responslbllltTes for enwrfN that the charlty keeps accountln8 rttords whkh compty wlth sQCtknn 386 of th• kt and for weparfw 8counts whkh th • irue and lalr vle of the st•te ol offalrs of the compary as at th• end of the flnarKT•l vear and of Its IncomlnK r•wurw and applkatlDn of resourcq IndUd1￿ Its IncomE 4nd tApÈndrtur￿ lorthe financLal year In aEcordance wlth the requlrements of 5ettlons 394 and 395 and whkh ath•rw15• comply wlth the rnqulrements of the Conwon* Art 2CQ6 r•l•tlngto a¢wn￿ $0 far ￿ oppllcabletothe comparry. TheseKcounts ho￿ bun prtyarod In acconlancewhh the pr￿￿[on$ apprtcawetocomp￿1eAsUbJett￿thè1rn1ll compknla, Thefl

THE BRAUNsfoNE FOUNDATION CHARrrY BALANCE SHEEr Tan8lble assets 1225PJ6 7.890.OQ) 7221C#XJ Inv•5tments 9,115,LV7 77J06 Cash at ￿nkInd In h•rnl 1033I67 1,0241ts 17 I￿5,333) 1147,6821 80534 874433 9A36,9FI 9,993.530 {543,(W) I531,0(￿) 8,893J67 End¢Jwment funds s,rm,( Restritted funds 67.135 DeslBnated funds Gw)erol unre#rfcted fur Rvnluatlon reserve Penslon rew&• 425330 3,321 466.988 (543.c#xII 4fj3,137 4.119269 (sa&ocKJI 3,6703n 4.395.394 3J67 9361530

THE BRAUNsfoNE FOUNDATION CHARITY WANCE SHEEr As permM•d by s408 Compjnkgkt I¢￿6. th• ¢h4rtty has not prew)ted Its Income and •Xp•ndTture￿UUrtènd relat•J rts.ThotharlLrfs not expfjndtturn befort au transkn £679J63 P023. £69,920 Income). Thecomp•ny Is ertftled to the exemptlon the aud￿ requlrement cortalned In ctlun 477oftheC0mp￿1w Art 2(￿ for theyur ended 31 March 2024. althouth an audlthas been c•thed out undersettlon 144 of thq LTharitlesArtZOlL No mwnber of the comp8ny has depothd • noW puixuantto secdon 476. rnqUlrf￿d ￿ Jud￿ ofthes• xc4yJnts under the req￿rements ofth• cNn￿leS Art 211 Thetru5tee5 respon51bJlltlq5 for ensurfn8 th the tharlty keew xcountlni remrds whkh comply tlth sectlon 386 of th• Art and for wep•rfn8 accounts 7Athkh • true and fair vle of the stats of •ff•lrs ofthe comp•ny as Ot the end of the financljl yur4nd of Its Incornl￿ r•%yJrc•s ar￿ appltcatI¢￿ of rq5ryJrte4 Includltw Its lTrKome Jnd •xpendltur& forthe flnarKlal y&r rdanc• wlth th• roqulrnments of s•ctlons 394 and 395 and whkh otherwls• corn￿ wlth th• r•wlr•m•nts of the Comp•nlesAct 2[￿ r•latI￿tr xcourty ￿ far as appllc4bl•to thetomF)8nv. These xcounts hm bw) prnprnd In •¢cordan￿wfth the wrfsl0nsap￿I￿b1•to COM￿lessUbJ•tttOth1sml￿ companles, realme. ThelTn mentswere appro¥ed tytheTru*ees on 28 ¢knbw 202

THE BRAUNsfoNE FOUNDATION CONSOUDATED sfATEMEpif OF CASH FLOWS FOR ThIE YEAR ENDED 31 MARCH2024 Cash labsort)Èd ty118enerated from oper•tlons IKomet•xes p•ld I￿.665) Invertment Income rttel¥ed ?￿39 7￿39 35A31 {159.7261 Cash and •qUI￿kntsat b¥lnnlwofy4•r 1,065A45 1225,571 Clih •nd •qthl•rts•l •nd LIOL276

THE BRAUNsfoNE FOUIIDATION N17fES TO THE FINANaAL sfATEMEKrs The Braunstone Foundthnts•prfvthcoffwryllmfted by8u•rinteelncorport•d In Erdarnl •ndWale& Ther￿t￿d offlce ts BU￿ne$S ￿ 3 Oswln Ro•d. Br•Jnstonq L•l¢•st•r, LES IHR The flnandal Statements have been pr•p¥ed In aCcorda￿e Accourtln8 and Repord￿ by Charttles: Ststement Df Affommended PrJrtlce appllcable to th•rftles preparlnl thelr 4ccounts In 4ccordantq wlth th• Ffnindal Roportl Stsndard ¥ipllcable In the UK jnd Republlc of Ireland IFRS 1021- SORP IFRS 10211. th• Hnanclal AÈwftln8 Stsndard ryplkable In the UKJnd Rwbk of IrelaNI (FR5 102) •ndth Q>mpinle5Act 2( Th5tst•mert of flNnd•l ￿t￿￿leS {SOFA) and b41arKo sh•rt consolld•t•theltnJnclal stements olthe charliy fts wIKIl￿ own•d subsldl•ry ￿￿[red(TradIng) Um1t￿. Th• rwults of the $ul)Jldl•ry are ccrfwlldated on a Ilne by Iln• ba51& The accounts ire pr￿ared In ltsrfl￿ whkh 15 th• funcdDMI curr•nLy Df th• dwlty. Monrtary amounts In these IIMnd•l Statem￿ are rounded to the near•5t £. The a¢xounts hm been underth•hLstork•lcostConven￿On. Theprtndpal KcoUntI￿P01Id•5 •dopted •res•t out beknw. The Is i Publlc Benefft Ertlty &5ddned ty FRS 102. At the tlme of •ppro¥lbYa the finandal 5tttern•nty th• trustees ha¥• a rea%xwbl• e¥pxt•tlon the charlty hls adeqv•ts r8¥ourc•sto contlnueln operauonal exlstenceforthe forweubl• hrtur•.Thus thelrusteescontlnueto adopt thewwconcem b35150f ac(ounUrva In preparlng theflnard•l st•tsments 13 Clwtt¥lJle Unrertrfcted funds are •v•ll•blefor use atthg dlxrrtlon of th•tru#•es In fvrtherance of thlrcharltJle objttth Restrtrted funds are subJarttowlfl¢ condltlons by domrs a5 to howthry rn•y b• u5qd. ThB Purpo￿ and usw of the restrlrted funds aresrtout In th• notssto the flnandal 5t¥t•mwrt5. Incoffl• Is recwlsed when chirlty Is Iylty ontltled to ft after any perforniarte cond]kn hMI bwri m•¢ th• 4rnounts can be measured rdlybly. Ind probable th•t Income TArfII be recew. C•h doNtID￿ are rxognlsed on recelpt. Othw donltlons are rewgntsed once the charity has been notffiod of th• donatlon, unlw yrformino condthns requlr• defwrnlofthe •mount. IKometaxrffoverabli In r•lJUontodonatlons rocet¥od underGIftAfd ordea¢tsof covenant ts r•¢0￿1$￿1 •tth•tlme of thedonqthn. L4*les are rwnls•don rKelpt oroth•rth Ifthecharlty h¥ been notlned of an I1￿endIngdISI￿0ll￿o￿the4Mtyjrt know￿ •nd rKdpt Is aKperted. Ifthe amountls not know￿ the lew Istr￿ted as • con￿￿ asse

THE BRAUNsfoNE FOUNDATION NOTES TO THE RNANCIAL sfATEMEpirs FOR THE YEAR ENDED 31 MARCH2024 Expendllur• ExPend￿￿re 1$ oncethere • leyl oraJnstr￿t￿o￿￿8￿Ont0trarthQCOnvrt benèfftto a thlrd party, It Is probable th a transfer of eA1x￿mI¢ bEnefits wtll be rngulrul In 5ettlemaTh andthe •r￿Unt of th obll84tlon can be Expend￿re Is classlfted by •ctlvl¥y. The costs of each xtlvlty are made up of the total of dlrert costs and $h•r¢d co Includln8 SUPPOrt costs In¥oW In undert)kFng •ctlvlty. Dlrect costs rttrlbutabl• to a sln8le artlvfty •re allttat•d dlrectty to that 4cUvlty. Sh•red costs whlch contrllxrt• to more than on• xtlvTty and support costs whlch •r• not attrlbutable to a 51n8le actMty•re apportloned betwmn artmtles on a basls con￿Start￿rth the use ol resource& Cwtrol staff costs ¥r• JULKthd onthe baslsof tlme spent and depreclakn charues are allocatqd on th• mlon of the L6 T•rfdl• f•d•ts Tan8lble ftxed assets ar• In1￿1￿ m•B5ured at cost and sub$eW￿tr mwsured •t cost¢)rvalu•dorn net of depr•clothn •nd Impalrmwrt Irs t>wl•kn tsrec(ylsad soutowrft•off th•CoStor￿1￿￿thn of a55ts less thelr resrdwl￿lU1sIjverth¢TruSeful Ilves on the follo¥An6 b•5es: Flxlur4 ffttlw & equlpment 15% per •nnum redudrq baarK• k For Land and Bulldlrw5 8 revlewof the market¥•kof th• ch•rfts propertles arn UndWtsk￿ ￿nUal￿, wlth an extemal voIu4tlon urnlert¥kon •¥wy2 yearL On thls bo￿ no depredatfon Is ch•r8ed on an )nnu•l b3515 but an Impalrm)t undfjrtjken In5tud 7Atth any Impllred imounts TItt￿ off to the St•temont Df Hnanclal AcdvJtfB& The 8aln or bss arfslwa on the dlspos•l of •n asset l$d¢termlned &¥the dlfference betwe￿ th•s•l• pl￿¢¢d$ andthe carrylni ￿lue of the and Is reco￿11¢d In n•t I￿Orne/(lPIndltur&l forthe year. Investment property. whkh b property hektto eam rentsls •ndlor for capltal appredatlon,15 Inldalfy rneasured atcost Ind subs•qU•rtty meawrld usln8the hlr ￿lue model and stated It ItshIr￿1u• uth• •nd dth. Th• 5urphA or deflcft on r￿l￿at￿n 1$ r•co8nl¥fjd In nfjt Incomellexpendlturel forthe ywr. Fxed •sset •r• Inf(lalty rneasured at transxtlon prke exdudltw tr￿5￿rtIOn ar• subsequ￿t measured at falrvalue at eath reportln8 d4te. Chan80 In falr value are recoonlsed In net Incom￿{eXpend￿ure￿ for th• ar. Tr￿aCt￿n costs •r• •ynd 85 Incurred. A subsIdl￿¥ b an ondw cortrolled byth• p•rrt. Cwtrol hthE pwto wn the fin•￿al and oporatI￿ pdldu of the enthy $0 asto obraln b•n•ffts frorn artlvlth At each report[￿ end dat￿ the ch•rlty the carrylnu amDunts oflts tanlblE 855etsto dotemlne whoth•r ther• anylndlc8tlonthatthoMassets hwesuffered )n lmpalrmert1o￿ ff anyiuch Indkatlon exbt4the recoverable •mourt of the amet h estlmated In ordff to d•twmkn•the extent afthe lrnpalrm•rt1055 Ilfany). Cuh4nd tash equfvalentsindudecath In h•MI. dwlts held •t call wlth bI￿rther￿hort4Qrn1 Ilquld 1nveSb))￿tsw1th orwnjl mJWrM•s of three monthsorleg4 and bJnko¥wdr•fts BOr1¢￿4Qrdr￿fts areSh(P￿ wlthln Ixjrrowlnp In ¢urrntt Ilabllttl 27

THE BRAUNSTONE FOUNDATION NOTESTO ThE FINANCIAL sfATEMENTS {CONTINUED) FOR THE YEAR ENIXD 31 MARCH2024 Lll Inthmonts The charlty hu elett•d to apply the prtwfsloni of Stttltsn li '8•slc Nnvndjl Instrumentr ind Sectlon 12 Hnandal Instrurnwrts ol FRS 102 to all of ksftnarKJal IILknJm•rt Fln¥nd•l Instrurnents ar• reLv￿lled In the ch¥liVs b•l•ncesheetwhon the charlty bttomts party toth• contracthMI proth of th• Irffjtrum•nL Flnanclal a55ets and IlabSlltles ar• offs•L wlth the net •mourrts prowrt8d In th• flnandal stat•rn•ity thwe Is • le81 enforC￿ble ￿t to set off the reco￿1$¢d •mourrt$ l￿d ther• ts •n Intenoon to setde on i Mt b•sTs orto rwlls•thè •sMt NI s•tdBthe IlakAIIty 51multsneou. B•Jk flnandal a55¢M whkh Include debtors ¢J5h bank balaK4 are Inlllaly m•ured * traruactlon prlce Indudlngtrartsactlon costs ¥nd Dre subsequethcarrfod •tamortlsed o)st usln1the•ffKtr￿ lrterest mathod unless tho Irr•ngeNrt ton5ttttts a twsKtlon, where the transattion Is rne85urod It tho pr•5ent value of tho firtur• recelptsd1s￿un1ld at i mwketrat• of lrtwest. Nnandal assetsda551fiedas rK•TrnkA•wlthln oneyurare notamortlsed. Bulc flnanclal 1lJblllrl4 tncludln8 credftor5 and hnk lo•ns are Inlrlally re¢o8n15Ed at transacthn prke Unle￿ th• arr•wmert c0nSttt￿ a fl￿nd￿ transactlon. where the debt Instrument Is measured at the prn5ert value of th• Jture payments dfscounted rta market rt•of lrt•r8st. Hnandal Ilabllltles c1•55Mled 45 py￿•WIth1n On•￿rare not Debt Ir&IruM￿ts cwled •t amDrtlxd cosk u51nuth• •ffKth• krt•r•rt rat• mqtho Trade uedlrors •re obllAatlon5to p•y for 8ood$or sertesthat ha￿ bwn Kqulr•d Inthe ordlnuy C¢MYse ofoper•Uons from supplleN Afmunts P￿ble •re dasstfied ￿ current Ilabllltle5 If pa￿entI5 duewlthln one ￿rOrI•4 ff nolthev are presented x nOn-￿rr£fit n4lAlltles. Trade creditors are TqCO8nW Inlually at transxtlon prke and subsequent mwsur•d at •mortW tort usknsthe effecdve Interert mqth(xl. Rrondal Il&NTtle5 •r• der•ca￿l$0d whon tt• ch•rWs ¢ontrtttual obl1w1￿$ explr• lx •r¢ dfsch•r4•d or(￿c￿led. Ihe cost of any Unus￿ holw errtOdem￿t Is rem8nls•d In th• pufod In whlth the •nploJ•rfs servfces are rer¢t¥qd. Temiln¥don beneftts are re¢o8nlsed IMM￿13telY as an expon￿ wh•nth• Char￿ Is dernortstrthicommftted to t￿￿nIte th• omploymert of #n •mpl(ry•e orto prNdetemiinatkJn b•n•ffts. Th• ¢hJrlty has bea) admlttod to thè Socld H¢)￿1r￿ Scheme, a defined benefft xhame, whkh Is •xtqrnil fvrthd and contred out of the State Earnln85 Relat•d Penslon Scheme. The fund15 valued at least •v•rythree years by • professlonally qualifled Independert actuary wth the rates of contrlbutlon payable beln8 dot•rmlned by the trustees on the ad¥ke of the actuary. In the Intemnlng year4 the ethary re¥kws the prowess of the scheme. The stheme operates on a pooled arraryMnL wlth wntrfbutlons pald at a ca)tral￿ a8reqd rate. ￿ • consaquenc4 no $h•r• ofthe undedylni a55etsand Ilabllths can be dlrth thLxrted tothechartty. Underthetemu of FRS17. In these dr¢umstan¢es contrlbutlon5 are accourtad ft>r a5 Ifth• schem 4Yere • defined cortrhutlon sthem• bawl on actual ontrfbutlons pald thro￿Utthe year. The net Intwest element b det•rmlnod by muRlpMn8 the net defined bBnefft Iwllty bythe dlscount rat•, t•kln6 Into Jcmunt any chnys In the n•t defined b•n•fft liabllfty durfnu the perhjd as a resu￿ of •nd benefft PI￿n0Thts. Th• nel Intttert Is rewlwd In *￿Me/(eX￿dl￿r•I f<rth•y•ar.

THE BRAUNSTONE FOUNDATION NOTES TO THE ANANCIAL sfATEMEMrs (coKnNUED) A?R THE YEAR ENDED 31 MARCH2024 The net Intarut eknnent Is drtemlned trrf nw1t1￿￿lthe net denn•d b•n•fft lfibll￿Y by tho d15count rat4 tsklrvJ Into account any charw In the net dgfin•d beneft liabillty durln8 thq pwlod as a result of contrlbjtkn JNI b￿efft payments The net Interest Is rtt08nts￿ In IrKome1lexpend￿rn1 forthB ymr. Romusurement chan8es mmprkn actuarfal 8aln5 and low the effert of the ¥￿t cdlln8 and the T•￿M on the nqt ddned benefft IlabllKy eXdudI￿ amourts Indudod In net Interest. These •fe reco8nlsed Imrrdiatdy kn oth•r recognised pln5 and loJse5 In the perlod In whkh thry oc¢w Ore not redtssffied to IrKome/lexp8ndltur•) sulmquwrt pwfod In the ipplkthn of the K£ountlng wll¢le4 the tntsteB5 ar• roqulred to mike jud￿Ments. wtlrnJt•s and QSgumptlonsabrArtthe corryln8mourt of Jss•ts and liabilltle5that4re nrtrudllyapparentfrom othersourm Theestlmate5 and 8ssodJt•d assumpkns are based on hlrtorknl exptrknc• aKI oth•r fxtors that ￿ consldtted tt> be r•l•¥anL *Ltual results m•tt differ from these ertlm•ts& 7h80￿mOteS and uNlerfvl￿ assumpyonsare rthrfthvedon •nonpln8 basls. Redlslonsto aceountln8 estlmttesare recw71s•d In the period In whlch the estlmite 1$ revlsed vthare the rY￿s1on affetts onty thot perkn4 or In th• pertod of the mlslon and fvture perlodswhw• thi r￿lIk)n •ffects both ojrrart oThJ fulw• pwlods.

THE BRAUNsfoNE FOUNDATION NOTES TO THE FIP4ANaAL sfATEMENTS (copinNUED) FOR THE YEAR EPIDED 31 MARCH2024 Totsl Unr•StrIL￿ Res¢rkt•d fvnds fvnds 2023 Total fund• DonatkJn$4nd 6rnrrts 14,377 32, 14.377 596J74 629,180 ,184 21L417 334252 21L417 349,436 Total Fund• funds 2023 funds 2023 2023 GenÈral donatlons H3TI 77 ISr•nts ReceknlJl• Blg Lottwy Communlty Fund Work Uve Lekesththlre Powerto thange Gr•nt r(1￿ Communlty FootbBII Fpundthn Pollco Qlm• Q>mmlsJloner NHS En8laTrd ILLR CCGI Gettln8 Help In NohbourtKM¥ds Grant Lester Clty C4wndl Publlc He3￿h-V￿CTnQ Q>rffldence HAF Hollday Hunger Sch•rn• Antl Pmrty Grants YIF faphal YIF Re¥￿Ye Natlonal Lottery Mental Health Mat￿nal Grld Spurt El￿1¥n￿ Populion Health Lelcester atycoundl Ward Grant Exten)n ProJeci LVSRA RIKhI￿ People C•p•dty Bulldln8 Irants othW￿ftdry lrwts 93,261 93.261 656 31, 3L960 49,M) 13,916 24W5 59JM)5 59.CK15 8A27 4427 389J76 389.375 49W 49,844 I7￿3 17,943 24￿ 2.390 139) 554874 629,180 121835 211417 334,252 30

THE BRAUNSTONE FOUNDATION NiyfES TO THE FIP4ANCIAL sfATEMEpifs (COPrnNUED) Unrtttslct•d Tot•1 361509 7L779 ¢)th•r Income A1fvertw￿ Incom• R•)t & Room Hh 12,564 84.343 0￿783 L453A16 W64 1465J80 Tot•1 Servlces Provldfjd Und•rContrxt Other Incorn• Adv•rt151ni Incoffl• R•rt & Room Hlr• 3615(8 3W09 92,UY 2,837 gW351 9J53 U37 9H351 L432,301 9A53 WIW4 lThMskn•nts Interest rttth .796 .796 7939 I lrterttt retd¥ed comEsfrom rrwluon deposlt. 31

THE BRAUNSTONE FOUNDATION NOTES TO THE FINANCIAL sfATEMEpirs (copinNUEDJ FOR THE YEAR ENDED 31 AIARCH2024 Ch¥Ttable Charftable Tot•1 Actmtles Totsl Unr•5tr1rted Re5trkted 2023 623 731306 110,327 744A23 Dopreclatlon •nd Imp8lmnt L958 381265 33.222 42L487 76 436,265 67L788 Motw and trav Lry41 and profe551onal fe15 Prolqtt Ktmty and equlprnqnt costs gjpplles and wr¥lu5 Irretoverabla InputVAT BAnkch•r Bad d&ts 14,826 142 8.ni ni 65395 4112 73 19),841 ,0 94266 138145 63,323 201968 9.647 3J37 55296 78,393 L164 51185 1383 L081 L296J47 75W5 124U93 21¥S14 1453,567 Share of•MmI￿a lxxts Isae note91 385.740 455,038 1840,778 ¥330,r22 21¥674 lJ41396 Unrestrfcted fvnds Dted funts Re#rkted fvnds L337,Ill4 4&716 L337m4 48,71fj 1297,803 32,919 ¥297AB 32,919 211674 455JJ38 211,674 L385.740 3ao,ra2 211674 1541396 32

THE BRAUNSTONE FOUNDATION NOTES TO THE HNANaAL SfATEMENfs (COPfflNUEDJ FOR THE YEAR ENDED 31 MARCH 2024 Tol•l staff costs Premls•5 costs Motor Ind trn¥el L•pl and profosslonjl fe and ser¥kes 157A69 157A69 81985 188 17SO 50J33 234 1750 326,753 Staff costs Audt and •ccount•rK¥fe 25AKM) Analysed beiwefjn GovornarKe costs Indud&% paym•nts to the audlt(X50f £24JLX)12023.£25,0001 for audlt ser¥fctt•nd oth•rJ(Mce TfyAthln thewoup. N•t mtynmwrtljbfvnth Th• fund5155t•t•d ththaryl￿(CIedIdngj. Fees payable to the audltor Oepreuatkjn af owned taiwlbl•fwd assqts None of the Trust•ts lor anypersons connettfjd wf¢h than) rttelved •rry remuneratlm or l)en•fftsfrom th• chwhy durlngtheyeor. In 2023Tru#¢tstrml •xpensa5 pald wer• £nll. 38

THE BRAUNsfoNE FOUNDATION NOTES TO THE FINANaAL sfATEMEKfs {coKllNUEDI The avewe rnorth￿ numberofenN)loyqqs durlr¥th•y•arwM: Pknib•r I staff Wws and salarfie5 al securlty (xjsls Other pEn*n costs 745,507 55,346 4J 757rt99 55J97 141536 955,432 IndUd￿ wlthln perfjlon Cosrs ¥e paWn￿tstts the rnulWplos•r pwthn scheme-drtallsofwhkh 4re Indud8d kn th• The number of •mplws annull remuneratlon was £f4),Im or more Nwnbw NwTrb•r Band ￿,[XXlto£7o,l￿Xl Band £70,CWtoW,( Bend W,LWto £90M R•muneAthn ofk•y minwment p•Thonn The remuneratlon ofkn mmagement pe￿￿￿•1 kn tsfollows. 1¥937 Th• remunerthn of m•n4wment P8rJonnol IrKluth Wr￿lUM￿ts from ernploymrt emplayer p•ukn contrltxrtlors •mpltryv n•tlon•l Insurnnce. 39

THE BRAUNsfoNE FOUNDATION NOTES TO THE FINANCIAL sfATEMEpifs (copillNUED) Fund• R•valuarfon ofTn¥•stm•rt pmpertles 13. T¥lbl•ax•d4••ets awthy) l •nd Iwlklry Flthr•4 fftiiw & •qulwMnt At IAprll 2023 Rmlurtlon L214AX) 399x19 i23,￿? £613,809 123JX At 31 Mirth 2024 L337AKXI 399,W9 L736, At l Aprtl 2023 Depredatiun thiryd In thi yur 3M712 712 L665 At31 Mw¢h 2024 1,377 390,377 At 31 Marth 2024 L337.( 9A32 L346N32 At #l M•r¢h 2023 2141n) li,(YJ6 ¥225m6 L•nd and bulldlry wlth • orryln8 •mount of £870m2 were rMIuEd at 24 May 2019 ty Innes En8tqn4 Independert v•lu•rs not connected w￿h the chirlty on the basts of fflarket ￿lUe. Innes En8lind valued th•x• prop•rtles at £l,010.IIXI. In M•rth 2022 a further tAluatlon undertaken wlth these propertkn nawv•lu•d £1.214,000 a further uplfft of £204 fM)O. In Mirth 2024 1 further valuathn was undert•ken wfth these propertles now valued £1.337.Oc￿ whlth shryws i upllft Tn ￿lu9 pf £123XiXI IJI of th• vlu•tlons ¢onfom) ts Iiiternatlonal Valu•tton Stynthrds and wai ￿led on rK•nt mirk•ttr•iLs•¢¢ton$ ( •rm ler4th terffd farslmllar prop•rtk& TheTrustets hB¥etaken the ded￿On nat to depr•date assets. At 31 March 204 h•d th• rtr4•lued as￿ bqen Arrled •t hljtprk ro4t lus J¢axnul•t•d d•pr•d•tlon •nd •wul•t4d ImpIrm•nt10ss￿ thelr c4nylnA *ntyJnt 4vould hwn b¥n ipproxlmjtsty £83160212023.£840m The rE￿Iu1thTh bd•nus •re dlsdosed In note 21.

THE BRAUNsfoNE FOUNDATION NOTES TO THE FINANaAL sfATEMEPlfS (copillNUEDJ IwAsbMNt wwty(6Youp•NI awrfty) IrYdlu• At I Apk112023 N•t plns or lossesthrouth lalrwlue •dJustsMts 7,890X 16fj8,(XX)I At31 M•rth 2024 7,222,(1] All Investment propertles, wFth an hlstNf¢ c•rryln8 amount of £6.430.c#xI were Indewdently Vdlued 84¥• ds• to rer4luatk¥n tu £&745.LKK)4n upllft of £315XKIJ wh•n revalued on th• 24 2019 ￿ Innq5 E￿land. March 2022 • frJrth•r valuallon wls undertaken wth thue propertles n¢)w valued £7￿1.(￿￿1 a fvrtlw upllft of £L145,Tr￿. In M•rth 2014 a further valuauon wis und•rt•k•n th the5• prop•rtl&s n¢y•J Y•lu•d Q,22iCKKI whlth shows r•du¢tton In value of £66&0￿. Th• v•lurtlons were 011 made on an own market valu• buls by rrfer¢nu to m•rk•t evTdert• ofir&thn prfces fOr￿mIl•r pnJp•r Inyoup undwtskl Cortory￿￿110H At i Aprtl 2013 & 31 M•r¢h 3024 At31 Marth 2024 At 31 Mirth 2023 Other In¥eth•Thts cornprfm: In¥estrMents In ￿bIldI￿rIeS The tharlty holdsthe one thare of £1 In115 Th•KJI￿ ryn•d trad1￿ wbsldlwy pxnp•ny pArpIr￿ Ltd whlch b I￿orP￿ In En￿nd and W•lu. Th1515 the ontythare allotted, ullad up •nd pld. 41

THE BRAUNsfoNE FOUNDATION NOTESTO THE FINANaAL sfATEMEpirs (coKnNUED) chrfw Trad• d•btors Amounts due from subs￿[•ry undertaklws Other debto 65M75 74025 31934 44223 L292 40,391 ,915 1292 fj43fj7 74025 Gr a*rMy Trade (Yedltor5 Other tsxrtlM ¥KI sodal Corpor•Von tsx payabl• Other eredRor5 Accruals and d•f•rr•d tnwm• 3.628 5,675 1555 34317 155.n5 81967 24271 281 IOL885 126,79Z 77,514 iU849 294615 261,436 165333 147,682 42

THE BRAUNsfoNE FOUHDATIOII NiJfES TO THE FINANCIAL STATEMEKrs {copinNUED) FOR THE YEAR ENDED 31 MARCH 2024 Retlr•ment ben•fft obllxatlons 53LOfyJ Th• company partldp•t•i In the Sorlal Houslng Penslon 5¢heme (th• ￿lme￿ • mul&•mpl0￿r sthome whlth b•n•fftsto some Xfl non4swdated empkns•rs. Th• Sth¢me Is a defin•d benefft stheme In ihe UK. The Stheme l$$ubJerttDthe fund1￿ l•tslaUon oulllned In the P•nslons Art2(1)4whlth Lzme Into to￿ on ao Derymber 2005. Th14 togetherTwIth docUM￿ts tssued * th• P¢nslons RE8ukntor4nd Technlcal A¢tuarlal StaThl•rds ts5ued bythe Flnanclal Reportlni CoundL s•t outthe frim•woTkfor ￿ndl￿defined benefft ocGupatlonal pw]on hErne5 In the UL Th• l•st trf•nnlo1 oftheschem•forfundln8 purposejwu urrl•d ￿tal at 30 ￿P￿ber 2017. Thfs valu•tlon rwaled a dEftdl of £L522m. A R•tovery Plan hos been put In pknCèW￿h the alm of removlnqthbdelldt bv 30September 2026. The Scheme 1$ ClaMN[￿ 8$ a'115t-m•n stsndlng arrnnyment,. Ther•forE the wmp4ny15 ￿entIallY liable fDf Lrth•r partl¢lpaUrw employ•rs' oblwiDn5 Jfthose empknyers are unable to meet thelrshare of the xhome deficit followlng wltPKlrawal from the Stheme. P•rtldpatlng employer5 ar• 1•pl￿ requlr•dto rne•t thelrshareof the Scherne d•ficft on In ￿n￿lty purch• bosts on wlththawal from the Stherne. Furflnanclal years endI￿on or b•fare 28 February 2019, ￿ has not been possIb￿ for the companyto obtsin suffldem InfOrn￿tIOn to enable Itto accountforthg Stheme as a d•ftn•d benefft therefor• the comp•ny h85 •ccounted forthe S¢h•me as 4 defin•d Mntrlbutlon 5d￿Tr￿. FortlrAnd•lyegtsendk¥onorafterJl Mvrth 2019, ftls posslbleto¢btsln wffldentlnforni•thntoen•bl•thecomp•ny to a¢m￿tI0rthe h•me as a defin￿ ￿nefft s¢heme. For ¥ccountln4 purpos4 tWD Ktuarfal ¥aluKlons for th• wern r4rrf•d Dut wfth efftthe drte5 af 31 Marth 2018 Jnd 30 Sept•mber 201B. Th• l￿bIlIty fi8ures from eath ￿lUatION ore roll•d fonvard to the relevant •ccountln8 d•tss. lfapplrcab￿ and are us•d In conjundon wlth the comp•nVs falr sh•r• ofthe Schem¥s totsl asgetsty ukn41ate th•￿m￿￿$ n•t d•ffdt Orju￿ul •tthe 4cMuntkn8 perfod stsrt and dltss 43

THE BRAUNsfoNE FOUNDATION NufES TO THE FINANaAL sfATEMEr￿s (copiriNUED) FAIRVAWE OF PLAN ￿￿Ers, PRESEKfvAWE OF DEFINED OENEFrr OBUGATION AND DEFINED 8ENEFrrASSEf{UABILrrY) I£(￿) 29 Falr value of ￿an •55ets Premnt value otdeflned ben•fft obllwon Surplus Idefiatl In plan Unret4nised wrplus lJ•fined bEn•fft •$￿t IllibNItyI to b• recqnfmd 1872 1543) 153 1531J Net defined b•n•fft asMt (Ilabl￿) to b• reewthd 15311 RECONCIUAnON OF OPENING AND CLOSll4E BALANCES OFTHE DEFINED BENEFrroBUGAIION 311OJI2024 i£m) Defined benefft obl*•thn at st4rt of perlod rrent ser¥ke cost Expen5•5 138 Memb•r C&)ntrlbJtloM £tt4arl41 Iusse5 ¢8alnsl due to vkne exp•rtence £tu•rf•l IDMes l#aln$l due to th•r4es In demo¥raphlc J55umOlons Athartal kn55e5184ln5} due to tharys In Iln•ndal 855umWknns Ber￿ p•ld and expenses Uabllltfes a¢qulred In • bwlmm combln4U Uabllluw •xUwubhed on sèttlem•nts Losses (8alnsl on ￿nI1[ments Loss•s (Dlnsl due to benefft th•nys Exthan8e rateC￿n￿o$ Defin•d hn•fft obll8aUon at ofp•thd (32) 181

THE BRAUNSTONE FOUNDATION NiyfES TO THE FINANCIAL sfATEMEKrs IcoMnNUED) FOR THE YEAR ENDED 31 MARCH2024 RECOP4f1UArnN OF OPENING AND CLOSING WANCE5 OF THE FAIRVAWE PLAN P•rfod frarn 11 ff(h 2021 to 31 Mardb2024 F•lrvalue of plan as￿L%￿s￿rt of pwlod Intwest Inuxn• Expertmce ¢Jn pLgn •s•ts l•xcludlrq amounts Induded In Intwest Incom•l- pln Iloul EmplDy•r Q>rtrlbutlons MembwCryrtrlbutknn5 1338 1166) U•blllll•s xwlr•d In • Iwlness comblnadon Amts at4uIr￿ In 8 Ixtylnoss combln•thn Exchin8e r8t¢ ¢hor• F•lr Viluq of p￿n usets at end of pwlod 12,3291 The actual return on pljn •ssots 11rdud1￿ anyttonps In share 155ets) o¥erthe perhxlfrcrfn 31 Marth 2023 to 31 rth 2024 w4s É5¥CKKJ DEFINED BENEKfcosTS RE(X)GNLSED IN sfATEMEpifoF COMPREHENSIVE INCOME rth lo￿ to Si Marth X114 rr•rt ser¥ke cost Expens Net kntera%t expense Losms (plnslon buslnesscomblnadons Lwes184lnsl on s•ttlemwrt5 Losse5 (qalnsl on curtallmonts Los* Iwnsl duets b￿¢fft¢￿n￿s Defined benefft costs reco￿￿ In st#•ment Ofcomprehen￿ I￿￿me {soai 27 45

THE BRAUNsfoNE FOUNDATION NOTES TO THE FINANCIAL sfATEMErirs (copinNUEDI DEFINED BENEF￿ cosrs RECOGNLSED IN MER COMPREHENSIVE IPKOME 31 Mirth ioza ID91 ExperlerKe on pkn leY£ludlni imunts tr￿uded In net Inter¢sE costl- pln110551 Exp8rlenc• plns and losses arfsln8 on the plan nabl1￿le$- 8aln Effttt5 ofchary5 In the dwnwaphk •ssumptlons underly1￿ the pr•swrt valueaf the defined ben•fft obllgJtk>n- yln I￿￿) EffKts ofth•nys In the financlal assunwkn Under￿￿￿the presertvahjeof thed•fined benefft oblwion-saln Ilossl Total acLuarl•lg•lns and los￿ (before re￿let￿)n due to 90Nof thesurpfus not befng recwnlsablel-8•ln Ilossl Effectsof changes In tr anwunt of ￿rPluS that Is nrtreco¥erabk loxduthr armunts Included In net lrttte# costl- 84ln1kn551 Total amount recoenlsed In other Compreh￿$1¥• Incom-pln IhJMI 1108)

THE BRAUNsfoNE FOUNDATION NcifES TO ThE FINANCIAL sfATEMEKrs (copinNUEDJ FOR THE YEAR ENDED 31 MARCH 2024 Glob81 Equ Absolut• Retum Dtstr•ss8d Opporttinldes Qedit Rqlatfve Valu• 232 91 71 Alternatfve Rtsk Pr•ml• 74 mw¥n8 Markets Delt Hrskshad In Ir￿U￿r￿Unked Sewrftles 59 Property 235 267 Prlvate Equlty PrlvJte D 104 C•portuni#k Illlquld Creth HIBh Yl•ld OpportunFAlc Credlt 91 17 Corporate BorKI FWKI Uquld Credlt SKured Income 107 Uablllty Drfvon In¥ettmem Curr•ncy H￿Ing L077 Non8of thefalrvalues of the assets shown above Includ• Iny dlrKt In¥e5tments In the •mplDyerf5 own flnmdal Instruments orany propRrtyoccuplad by, oroth•ra5s•ts us•d by,th• •mpfoy•r. KEY AWMIryIIJ15

1 Mitth 2024 91 Mw¢h 2fQJ p•r•nnum 16 per inTrwn 4A7% IRPII knfl•tlDn ICPII SJl•ry l¥owth 3.15% 3.19% 2.75% 3.78% 3.7YA AlkxarKe for commutathn of penslon fryu¥h •t retfrement 75% of m￿[muM 75% ofmaylmum allowance alowanc• 47

THE 8RAUNsfoNE FOUNDATION NOTES TO THE HNANCIAL sfATEMEMrs IcopinNUEDI FOR THE YEAR ENDED 31 MARCH2024 The •ssuiYytlorn ￿0pted at 31 Mwch 2024 Implyth•fvllry4Ang lffe eWrK*&' •tryE65 Mil• ret1r1￿ In 2023 Fom•le retlrln8 In 2023 M•1• r•tlrfn8 In 2043 Fem41• In 2043 205 23J) 21 24A Tho endowmentfund1s4 new reser￿Created In 2019•nd re5ult•d fromthe trardfer oftht Braunstone Hulth Certre from PA Hous1￿ •nd wa5 Ind•perdwrtlyvalued •t£sA￿AK￿l by Innw Enl•nd. At A•At AsAt 311Q12024 0¥04DO Capltal Endowment 5ml,LKWJ 5,rm.r

I'flllls Iillli- Ill I

ali '1 Illl I Illl I

Jii. Iii- Iii- 11-a1 lji- ij}Iil I lj}Ilil

THE BRAUNsfoNE FOUNDATION NOTES TO THE FINANCIAL sfATEMEKrs (coNnNUED) FOR THE YEAR EIIDED 31 MARCH 2024 The th)rltycurrendy p•rtldpates In the Sodal Houslnl Pen$lon 5theme ISHP51, whkh ￿ Indkated In rrftt 17 has i shorttsll of •s5ets comparedto Ilabllltlek where￿ schame Is In deficlt and tther•the company ha5 aweed to • deficItfvrnll￿ arrnngemnt, the company reco8nlw a liability for thls oblwkn. The Jmount rqcognlsed of£543IXKI Isthe net present valueof the dofidt redLKtlon (ortrlbutkJn5 pgy4bl• under the arrnngemntth4t relatss tothe deftctt. 2& D•tslls ofthe thIfft￿sutsIItharfeS at ai Mirth 2024 ¥r• •5 folknws., %Hdd nwred (Tradlrw) Ltd En￿nd Rentsl ofofflcfj s Ordlnory Th• tharftyowTrsth•whole of the Issued ordlnary sharecapkal Df B4rt4plred [fradIn￿ a comwny rq8tst•r•d In End. icdvltles hBve been consolldated on • Ilne by Ilne basls Inthé SOFA Artytotal not proffts wlll be th•d to th• thartty. Asummaryofthe resuks ofthe subsldlary Is shown bdow: Income E¥wd5tsJre 491431 463,054 (W0941 Thi ofth• IlabllttlÈs and funth was: 150,670 U•bllTtles 1177.5051 Funds

THE BRAUNsfoNE FOUNDATION NOTES TO THE RNANaAL STATEMEPtfS (CONllNUEDI FOR THE YEAR ENDED 31 MARCH2024 l)thdtforthe year 1679,0701 169J20) Adjustments for: In¥Y5tmert Income reco8nld In stslomertofthanclal ttih]Ilqs I￿,796? 17.9391 Ir valu•oalns and Investmrt propqrtl•s DeprffTKlon and Im￿lM￿n￿oI￿￿bh fixqd assets MovornEnts In ￿￿nICaPhl1. Ilncrea5eVdecre•se In debto In¢re4selldKreas•l In ued]tors IweaW(dKr•wel In dthrred Intom 37,449 199.6551 (29.741 83.097 138A27 IS,819 1167,6651 of dwry41 In MtlundB The thartty hul nD dqbt durlnith•yw. 53