Charity r•glstratlon number 11428571England and Wales) THE BEAVERBROOKS CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 THE BEAVERBROOKS CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustovo M l Adbe3tMe OBE FGA A 8￿￿burn P Holty S Nicholas Charfty rvglBtratlon England ond Vkkle$ 1142857 Prln¢lpal •ddr••8 Adele House Park Road SIAnnes On Sea Lancashire FY8 1RE Audltor John Potter & Harrison Chartered Accountanls & StatutwAudAor 3A Clsfton Square Lylham St Ann Lancashire FY8 SIP THE BEAVERBROOKS CHARITABLE TRUST CONTENTS Page Tru8tees' report statement of trustees, respons1bikt￿S Independent audllorfs ￿port Slalemtsnl of finandal activitie8 10 B8lance $hget 11 Slalement of ca8h now$ 12 Notes lo the financial stgtement8 13-21 THE BEAVERBROOKS CHARITABLE TRUST TRUSTEES. REPQRT FOR THE YEAR ENDED 28 FEBRUARY2026 The tnJstee$ present thelr onnual report and )Inanaal staten￿nts for the year ended 28 February 2026. The ffinanual slatemenls have been prepared in ac¢ixd8no vhth the a￿Un￿n9 kW)IiLies set out in note 1 to the flnanclal ststements and compty the thafity's 9oveming document, the Charities Act 2011, FRS 102 The Financial Reporting Stand8Td 8pplicablÈ in thÈ UK and Repubhc of IreLand" and the Charrbes SORP "Accounting and Reporting by Charlties." Slalem¢nt of R•comm•nded Practice applicable lo tharities prepaiin9 theÈr Bccount5 In accOr(lan￿ with the Financrdl Reporting Standard app￿cats￿ in the UK and Republ￿ ol Iieland IFRS 102).. Obleetlv*8 and actSvlti•8 Public b8n8fit The Beaverbrooks Charitable Twsfs thantsbb objediv*s dudng the year of revivw were to provide aid and 8upport lo a bro8d spectrum of charilies and to enable th• emptyees of Beaverbrooks the Jewellers Llmilod to support Ihalr local charities, the Lqttar bein9 achl8ved by.. makln9 donauons avaIlab￿ to Beaverbmok8 the Jewelw8 Llft*ed'$ storns ond office departments. based on a xed amount for each empbyee. and allowng eBth team to s•l•ct a worlhy local tharity as Iheir Teclplent., and matching arnount8 raised by individual empk)yees for thetr own chosen charities. In addiJon, the Twstees support a wde range of chariues whlch cover educatlon, well8re, heath, m•ntorfng and 8eW4evelopment, Jewish and 18raet4 Cha￿leS anfl the coff¥nunty as 8 whol&. The Charftabk Tru8t has Invested In # piop•ty which W rents ¢0 a local chartty for £1 per year, th1s1s recorded 88 4 60ri81 inveslmeni in note 9. Th1$ ¢hanty was in need ol a wel maintained. safe and peTm8nenl base from whld) to operate and charlt8ty￿ Trust were delighted Io 8UPPOrt Ihern in achlewng Iheii ch¥rilabl• obltdv￿. Th• Trustees have given cafefijl consiéeration lo the Ch8rfy Comml88lon'$ guldance on publlc beneflt when 6ettlng Its aims and activities. The key objective ol the thaTity as sét oth In the constitution is to benefit such charitable purpose8 and reglslered tharttie3 0? the Tw$l¢¢8 kn ththf absolute dlsLYetion think fit. 81r¥tegy The Trustees appty a thorough 8ppro8th to the review of the di$tribubon of charitab￿ donatsons rather Ihan focusing on one or two key. major projects. This 18 b8$*d on th¢ phlb)sophy that It18 better to glve £1 one hundrtd tMn9$ than it is lo give £100 onc*. The Trustees believe that this philosophy helps to engage the Be•v¥rbrooks' •mploye&s In the concepl of glvlng both thelr time and their money. In tum thls helps raise the profile of th¢ ¢h8rity. Target markets and key areas idenlified to in¢kth di$•ngaged ndNidua16 and c4Jmff￿Jn1tieS. Dgvelop the 8eaverbrooks Charitable Trust as a provider of fvnds 10 5ele¢led ¢h8rrti•s, worklng in parlnership wilh other organlsatsons. to deliver strategic Priofiti'es and maxlmlse profil¥. THE BEAVERBROOKS CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2026 A¢hl*v•m*nts and performance Signi17canl activities and aCh￿vements against otyectives At the core of our Beaverbrooks tsrnity culture is our desire to 8UPPOrt and do good n the communit￿$ we live antl work in. Beaverbrooks donates to charity through The Beavertjrooks charitab￿ Tru8t and actively encourages and empowers it5 colleagues to support chanties and community groups in their local area. They do this ￿ a variety of way8 including fvndraising, voljnteering their kn.me and through Payroll Giving. Funding provided by Be8verbrooks h88 en8bled the Beaverbrooks Charitable Trust to distribute over £1.3 milhon during the year to UK registered ¢haritie$ which ha8 enabled us to have donated £26.6 millon since the year 2000, a figure we or¥ extremèty proud of. The charily's Trustees {OUf Chalrman, Managing Dlrèctor, Head of Community ResponBi)ility and Charity Manager) met every 2-3 weeks throughout the ye8r to dl$cuss our ch8ntsble ath'vily and commitments. They also met regularty with a variety of contacts at thar￿es, both in peison wsilslm¢ets"ngs and on video calls. to discu88 our ongoing supporl and relationships. Across our spectNm of cttarity a¢ty"vity Idonauons. team donations, payrol Ivlng 8nd volunteerfng) we svpport well over 750 separate tharitablfr or9anlsation8 each year. In 2025. Beoverbrook$ 8galn received HM Govemrnent & InsJtute of FundTaisiThJ 'Diamond Award. for our P8yrol Glvlng for the 8th Ume. It W85 In fa¢t the 14th consecuove year we have been recognised ￿th on Award f￿ our commitment to Payroll Giving and we 8r8 ÈxtrerFTr8ty proud tho143% of our people support their own chosen charitles In thls way. Dudng the period, our people gave £61,414.68 12024-2025.. £66.594.091 through payroll gbving. The net donation is lo￿1￿ matched by Ihe company r•suhing In lotal donation$ of £107.855.6812024-25'. £117,263.66). Wtr artr very proud that our colleagues cont￿Ued to support thelr favourite charltles from th&lr own Poy de$pile the Challenging economic cThmate. Beavefbrooks encourage CO1￿8gUeS lo g*t iftvolved In 8 range of volunteering prohects. a mlnlmum of 2 days pald time116 hours) availab￿ to each empk)yee, each year. We proud to Bay that our time giving figure8 during the year was 825 days 15,OIX) hours) of wmpany ￿me glven to do 9oryJ in the Ivcal comrnunity %thich was lightly down on the Previous year. Ihis was driven by a reduction in regular, hlgh frequency contributors r8thèr than Lg¢k of Inlwe$l12024-25- 5,718 hourn1715 days). Beaverbrooks colkagues have again tak•n part In ¥ v8Fiety Of fundralsing 8nd mass parti(apafy'on even16 - from large scale events like Marathons and S￿&pOUt$ to smaller e¥&ni$ Ilke Bake Sales and Raffle5 & Tombola's. Durlng the period our colleague8 Taised £66.803.48 12024-25.. £89,235.36) whl¢h we mat¢h ftjnded lo £133,606,92 12024-2025.. £138.470.721. The Beaverforook$ Blackpool 10K Fun Rvn whlch we sponsor and support wlth Trfnlty Hosplce each year wa8 another great success. Th¢ 2025 raised £112,745.39 {2024. £84,990.59) for the Hospice. We also had colleogues helping on the d8y As route and finlsh line marshals. The Beaverbrooks Bike Ride was also very suc￿$s1U1 in June 2025 with colleagues qcllng 8nd m8rshalling the routè and hèlping raise a fvrther £28,739.90 12024.. £26,703.08) for Trinity Hosplce. Esch y8aT, every Beaverbrooks store and office learn selects a charty local for them to support Mih their Taam Donatlon. In 2025-26 this figure w8$ £50 per colleague as thi5 figure is set each year and base(J on the Success of the company in the previous year. This initlabve continued to be of huge imprytsnce as it meant we could support many smaller Cha￿tieS In areas Whe￿ Beavethooks are ￿PresentI￿ and 8lBo develop fvrther the excellent relationships our teams have with charities in their own communth"es. Flnanclal revlqw Prlnapal sources of income for The Beave￿rookS Charitable Trust Mithde donation8 amounting to £1.225.000 12025.. £1,380,100) from Beaverbrooks the Jewdjets Limrted. The ch81ity W￿k1 Thke to th#nk the company for it8 8UPPOrt. THE BEAVERBROOKS CHARITABLE TRUST TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2026 Gthtrjg eoncam After making enquiries, the Trustees have a reasonable expectation thal the ch8rity has adequate fesoufces to ¢ontinue in operational existence for the I0￿seeable future. Thv5 they continue to 8doM 8 going concem basis of a¢counling in prepartng Ihe ffinancial statemen18. Further detalls regarding the 8doption of th¢ golng con(*m basls can be found in the statement of ￿￿o￿nting p0￿cleS in the notes lo the fin¥n¢K41 statemet7ts. R8strrv&s policy The Trustees, alm 15 to hokl suffi¢l*nt reswv86 whith woukl meet The Beaverbrooks Chaiitabje TNs1's fu￿re administrative operating for 8 3 to 6 month period, In line with the Chadties Commlsslon's Te¢ommendat¢ons. AJI other funds aré h&k1 wlth a view lo furthering the tharitsble purposes of Ihe TrusL The charfty doe8 not c¥Jrrentty have any restricted r¢seFv¢s. Support co8ts. which In¢lude go¥emanc• cosls, were £237 {2025.' £3421 represenllng bank charyos. Apart from r•$our¢•6 expended In connèction wrth chariiable actiV￿e$. no other re8our¢e5 were exp•nded during the year. Th1$ relle¢ts The 8¢averbrooks Charttable Trust's o)re objective of mlnimlslng Costs In ordèr to maxlmlse resources av8llab5e for charilable activities. The audil foe, amounting to £3.QOO 12025.. £3,600), of these finanaal sts¢ements 11 be met by BeavefbTook8 the Jeweliers Lirf*d. Investment policy The Beaverbrooks Charitable Trust ¢arrieJ loM8rd £4.675,614 {2025'. £4,747.8181 of uniesiTiCted fiJnd8 Into the new financkgl year. Investments represent unllsled Investments, ot o)st. In the share ￿P￿81 of Be8vethook# th* J•wel￿r6 Llmlted, comp4ny rggi$lered in the Unlted ￿ngdorn. The Trustees are mindfvl ol theii responsibiliti'88 In relation to an Investment pohcy and ensure that Ihe polGy 8ddre$se$ the nètds ol the Chathab￿ trust and its benefidaries in the Bhort, medlum and long term, taklng Into 8c¢ount the frjlure nè8ds of the charity in lemis of both capital and income. Thts sharn6 In B•averbrook$ Ihe J￿￿1&r8 Llmited donated to the charity by Ihe directoY6 of Ihe company. Divid•nd in¢om8 received from ihese shares alongsi*Je administrative support from Beaverbrooks are considered $ufficlent to 8UPPOrt the charty in the long terni. Given thls m¢dium to long term securlty It Is not the intention of th• Trustees to utilise charitable fvjnds in order Iv div•rwty th• Inv¢$tment bose. The a￿UMU[81*d ¢osl of thè in¥￿tMent In these shgres ar￿unt$ lo £4.322,10012025.' £4,322.11X)l •$ dl$closed In noté 10. Thii wll g•nernte additional income for the (*arity in terms of di¥￿ends. M8jorrisks Th¥ charity 1$ fulty fvnded by the company Beaverbrooks the Jewellers Limited. The prlncry)•l rfsk to the activitieg of tre ehArlty would be o reduction in that fvnding. The Trustees of the tharity In¢￿￿e Directors of the company who are fully comnNited to fvnding the tharitable adivibes of th? Iwsl. TherefoT8 the Twustees do not consider thyd risk lo be relevant at this tiwe. rhe BeaveTbroc&3 charitab￿ Tmst has an outstsnding Com￿tMent to dC￿8¢e £6W.OCK) over the next three years to Thè Maroa and Andrew Brown Charitab￿ TruBt. This 18 the onty c1)mm￿tment that 1$ In p19c8 and ffinandal risk8 are reviewed on an ongoing basis. Plans lor lthure peTlodB The pkns for the future include.. increasing the range of initi'atNes delivered by The Beaverbrrx)ks Charrtabk TTUSt', and continuing to develop c￿Sting ¥nd investigate new in￿"all¥eS in pathership wth other local partner5. The Tmstees plan to continue the same phikjsophy and exis1ing strategies by carefulty consldering the charities they support and wish to do so on an on*oing basis. The rnajor thanges in chanbes supported by the Beaverbrooks chairlab￿ Trust wll be driven by the th0￿$ ol Beaverbrooks. empbyees as to their preferred charity for the year as well a5 any'fund matthing. that is driven by empbyee fundrfaising 8Ctivitie5. THE BEAVERBROOKS CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2026 Structure, governance and management The Trustees enlru8t the day-tTrday man89enRnt to the Generat Manager, Mrs Susanne Nicholas, who is also one ol the Trustees. A$ well a$ the invofvement ol the Beaver￿￿kS the Jewelters Lfimited Chairman and three members of rt8 management team, 8•aY•rbrooks thè Jawel￿rS Limited $upports oper8ting procedures in a variBty ol way8 88 outlined in the se￿Ice ￿Ve1 agreement. These are all inknd contributsons and indude". Financlal management and se￿CeS HR Pres8. PR 8nd comrnunicali¢)ns Offi¢* Sp$￿ #nd 14cilitiqB The Beaverbrooks Charltabke Trust Is Ihe offldal d)arity ol Be•verbrook$ the Jeweller8 Llmlted and h85 been Tegi6tered with the Charity Commission since 13 Juty 2011. The date from which it was ¢on$lthled vla the Declarauon of Trust was 20 April 2011. The tru8ttre8 who 8erved during the ye8r and up to Ihe date of slgnature of the finana81 statements were.. M l A￿￿$tone OBE FGA A Bla¢kbum P Holly S Nl¢hola$ Rectvitment anè 8ppointm6nl of twst6es Tru$tetr$ are ntsminaleé and appolnled b•sed on IheSr sultsbillty as dedded by current members olthe Trustees and In 8¢¢ordgn¢& wllh the terms 8et out In the Dedaration ol Trust. Trustees ate invlted to attend on Inductlon training proc888 for the runnlng anil op8f8tion ofTh• 8ga¥ethoc*s Charitsbl• TnJ61. The Truslees ￿et quarterty and meetings are fulty reported. Th& Tw$l¢e$ dl$¢us$ a rang* of Fn8tter6 wllh priority given to overoll governance and strategic dwecb'on. Trustees are appolnt8d for their $peufic experien￿ in mteting the charty's oblectlves. Orgonis8tion81 $tw¢turg During the year under review, all management responsibilty was slrncturad through the Gèner81 Manager, whos8 r*6ponsibilititrs indude staff managemenl, partnerships. access io fundlng. standards. dellvery and compllance. Thi$ role reports directty lo the board of Trustees. The 8eaverbrooks Charltablo Tmsl curr•ntfy ullh"$¢s th• tim• of four employees of Beavert)rook5 the Jeweller6 Llmited In order to admlnlster its affalrs. Beaverbrooks the Jewekrs Llmrted do*$ nol ¢hArge the tharty foi thi6 lime, a6 11 is not practicable lo quantify the alkjcation of time and saLqry cost. No rèmunèration is paid to key management per3onnel by the charity. The ftsllowing is based on The Beaverbr￿kS Charitable Trust's goveming dooJmen(s'. tho charity is overs8en by the Genaral Mana9er who liaises wilh her direcl line manager. Paul Holty. who is also Trustee meetings are planned to discuss ongoing invofvemenl and fiJluTe development activilies arranged by the charity ale coordinated by the General Manager no person Involved Sn the ¢hartty will ha¥e ass0¢￿'0n with another th8rty unless ag￿ed by the TTVStees 811 Staff 8re employ¢d by Be8verbrook$ the j¢Wel￿r$ Liffli￿ a(JheTe to its HR poliaes Relationship Lvith r&latsd parties M l Adle$ton8 and A Blackburn who are the Twstees of The Beaverbroc*s Charitable Trust are also direclors of Beaverbrooks the Jewellers Limited. THE BEAVERBROOKS CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY2026 The trustees, re $ approved by thg Boaid ofTru5tee5. M l Adlestone OBE FGA Trust•• THE BEAVERBROOKS CHARITABLE TRUST STATEMENT OF TRUSTEES, RESPONSIBILrriES FOR THE YEAR ENDED 28 FEBRUARY2026 The twstses are re8F￿nsibKg for preparing the Trustees. Repthl and the fft78nual statements in 8ccordan¢e ￿th applicable and Unile¢J lQngdom A￿unts.ng Stsndgrds (United lQn9dom Generalty Ac¢oPted ACC￿n￿ng PractlC81. The law appNcable to charities in England and Wales requires the truste85 to prepare finanaal statements for each financial year which give a true and lair view of the stste of affairs of Ihè charity and of the incoming resources and appllcatlon of resources of the charity for that year. In preparlng these finanoal 8t8tements, the trusiees are required to.. - select 5uitsble accounting pol￿•5 and then app￿ Ihem consistsntly., - observe the method$ and pnnciples in the Charities SORP-, - make jydgern8nt5 and estimates Ihat are reasonable and pwdenl.. slate whethef applicable accounting standards have been foHowe(l. subJ*d to any m8terfg1 departures di8do8ed and explalned in the finandal statements.. and - prepare the )Inancwl sts¢ements on the g¢xng wi¢em ba$1$ unle$$ rt Is inappropriate to presume that the cha￿ty will contlnue in operallon. The trustees 8re re3ponsibl& for keeplng $uffiuent acc￿jnIsn9 records that disclose wtth reaBonJble 8¢curg¢y 91 any tlrne Ihe finandal po$S1ion of the charlty and enable them io ensure thal Ihe finanual statemènts comply wtth the Charilies Art 2011, the Charity IAccounts and Report31 Regul8tr'ons 2008 and the prtsvi$ion$ of the trvst deed. They ora also responsible for safeguarding the assets of thg c*¥rtty and htn¢e for 18king reasonable Steps for the preventlon and detection of fraud and other Irregularrbes. THE BEAVERBROOKS CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE BEAVERBROOKS CHARITABLE TRUST Oplnlon We have audited the financ4al statèmants of Thè Be¥verbiook$ Charttable Trust Ilhe'charty'l for the year ended 28 February 2026 which comprise the statemenl of ffinanual activities. the balanee sheet. the statement of Gqsh IIow8 and notes to Ihe finanaal statements, including significant accounting pOl￿eS. The finan(>al Feporting framework Ihat has been apph'ed in their preparation is applicable law and United Kingdom Accounting Standards, induding Financlal Reporting St8nd8rd 102 Thg Fin8nGi81 Repotyng S18ndJrd applicable in tTre UK and Republic of lfft18nd (United Kingdom Generalfy Accepted Accounting PradK•l. In our opinlon, Ihe finanaal statements.. 9Sve a truè and falr vlèw ol thè State of the ¢h81ity's affatrs a8 ai 28 February 2026 and of k6 Sncomlng resources and application of resources. for th¢ year Ihen ¢ndvd,' h¥ve been property prepared in acconlance %siih United Krydom Generalty Acceptsd A¢¢ounting Proctl¢g.' and have been prepared kn accordance with th8 Chwits88 Act 2011. Ba$18 for ¢plnlon We conducled our audit in accordance th Intemational Standards on Auditi"ng IUKI (ISA$ IUKII and Appli¢ablo law. Our re6FX)n8ibiliUes under those standards are further described in the Auditors ￿SPonSibl1111eS for the audit of the fjn8nci81 sl8lements Section of our report. We are independent of the charity in accofdance with the ethkal requirements that ar• r•l•vant to our 8udf¢ ol tttè fin8n¢wl $18temenls in the UK. includlng the FRC'8 Ethlcal Stsndard, 8nd we have fu￿111•d our othèr èthical responsibilrti¢$ in •¢wrdance with Ihese requireThnlB. Vve believe that Ihe audrt evmlence we have obtained 18 sUffic￿nt and appropn"8t• lo prowdè 8 b•sl$ for our oplnion. Conclu•lon¥ r•l•tlng to golng concern In auditing the finandal statements, we have conehjded th8t Ihe tru$l•e$' u$• ol the going ¢on¢•rn b8$i$ of 8¢countlng In the preparation of the financial statements18 appropriate. 888ed on the WLvtt ￿ have porfoim•(I, h•¥• nol Idorfrfied Iny molerlal uncertaintles relatlng to events or conditions Ihat, indlviduaty or co1￿ctiV•ty, may cast $ignifi¢ant doubt on the charity's ability to conlinue as a going )ncem for a period of al ￿08t ts¥e￿e months from when the flnana81 statam•nts are authoristrd ftsr I¥8ue. Our r•SpOn￿bI￿tde$ and the respon8lblhties of the tru8tees ¥Ath to gotng (￿CoM are descrtbed In the r818vant $¥ctions olthl$ rtport. Oth•r Infornia￿On The olh¢r Snfomalion comprl8es Ihe information induded in the annual report other than the flnancial statements and osjr audltor's ￿port Ihoreon. The trustees ar# rèsponsible for the other infornatlon contained withln the annual report. Our oplnlon on the financlal statements étsts not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibilrty is to read the other inlomalion and, in dtsin9 so, consider whether the other 1nlomia￿on is malerialty inconsistent with the financlal st8tetnents or our knowledge obtained In the coursè of Ihe audit, or othermse appeaTs to be malerialty misststed. If we idenbfy such material inconsistende5 or apparent material misstatèmènts, we are required to determine whether this give5 rise to a material mi5Stalemenl In the finand&l statements th•ms81vgs. 11, based on the work we have performed. we conchjde that there is a material misststement of this othei infomation, we a￿ required to report that fad. W8 have nothin9 to report ￿ this re9ard. Matters on whl¢h w¢ #Tr r¢qulred to report by eK¢eptlon We have nothing to report in respect of the following matters ￿ reLition to whlth the Ch8ritles (Accounts and Reports) ReguLqb"on5 2008 Tequire¥ us lo report to you rf. in our opinton.. the information given in the financial ststements is inconsistent in any rnaterigl respe¢l witfv the trust8e5' ieport., or sufficient accounting records have not been kept." or Ihe fin8n¢ial statements ate not in agreemerrt the accounting re(Thds: OT we have not receNed all Ihe informatKJn and expknations we require for our audit. THE BEAVERBROOKS CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE BEAVERBROOKS CHARITABLE TRUST R••p)n¥lbllltlg8 of trustees As explained more ftjlty in the statement of t￿slee$, responsibilrties. the trustees are responsible for the preparation of the financial 5tatemtntS 8nd lor being satisfied thal they give a twe 8nd lair view, and for such inlernal control 83 the trustees deterrnine is necessary to enable the preparation of finan¢ial ststements that are tree from rn8teTlal mlsst8temenl. whether due to fraud of error. In preparfng Ihe finanual statements, the twstees are responsibh for 8558ssing the tharily's ability to continue as a going concem. disclosing, as applicable, matters related lo goln9 ¢oncem and using the going txjncem ba818 of 8¢Lounts"ng Un￿$5 the Iruslees ebther intend kn cease opèrations. or have no reallstic atteTnative but to do so. Audltorfs ro8pon9lbllltl￿ for th• •udlt of th• flnanclal statements Vve h8ve been appointed as auditor under 5eciion 144 01 lh¥ Charfues A¢1 2011 and report kn accordanc* wKh the Art and rabvant regulations made or having elle¢l thèrèunder. Our objectives are to obtain reasonabKI a$$urance about wheiher the financial statements 8$ a whole are free from material rnisstatemenl. whether du* to fraud or error. and to Issue an Buditorfs report that Indudes our opinion. Reasonab￿ assurance is a high level of assurance but is nol a guarantee that an audit conducted in accordance with ISA5 IUKI will alw8y5 detect 8 material mi531atemenl when it exists. Misstslements can arise frorn fraud or rror #nd arè ¢on8ldèred material il. individualty or in Ihe a99re9ate, they ￿Uld reason8bty be expected io infv&nce the *conomi¢ ded81￿8 ol users taken ￿ Ihe 01 th?¥e ffinan¢ig1 $t•t¢mentg. The exlent to whlch our procedures are oldetactlng Irregularities. induding fraud, detsiL•d below. Based on o¥Jr under61andSng of th• chartty ￿ con8ldeT8d those laws and regukqtions thal hav• a direct iryact on the pr8paraUon of the finjnrial st#t¢ments such as the Ch8ribe5 SORP, taxatson #nd other leglsLqfjon ￿levant to the eector. We evolu¥ted managemenfs Incenllves and opportunNI'e5 for fr8udulent manlpulation of the financial 818lem8nts lincludlng the risk of overnfle ol controbl and Jttemined that the prinupal risks wer¢ relatèd to m8n8gement blos in accounting e8Jmates and ludgemental area$ of the flnandal ststemenls such as r8venue recognStlon. We addressed Ihis by our work on areas included. bul were not limited lo, an8tytical proc*dure8, tesllno of journols. 888essment tsf lu¢Jgem•nts anil eslimates. enquiry of controLs etc. As part of 8n avdil in o¢¢ordAnce wth ISAS IUKI. we exerci￿ prole$840n81 Judg¢m¢nt and molntaSn profe$$lon41 8¢ep￿Cl¥M throughout the audK. We akn.. IdenUfy and a88es8 the wl8k6 01 mal•rlal mi6Statem8nt of Ihe flnan(yal statements, whethèr duo to fraud or error. design and perform audit procedu￿$ responsive to those risks, and obtain 8udit èvldence that Is sulficienl and appropriAte to provide a basls for our oplnion. The risk of not deledng a matertal m185tatemènt r*su￿5n9 from fvaud is higher than lor one resulting from ¢rror, as fraud may involve Collusion, forgery, intent￿￿81 omissions, misrepre5entst1￿6. or the overr￿* of Intemal control. Obtain an understanding of intemal ￿ntrol relèv&nt to the audit in order to design audil procedure$ that are appropriate In the circumstances. bul not for the purpo$e ol expressing an opinion on the effectlveness of the Internal control. Evaluate the gppropriateness of accovnbng pc4aes used and th¢ wsonablenèss ol accounting estimates and rèlated disdosures made by the Iru8tees. C(￿Clude on the appropri8teness ol the trustees, use of the going concem basi6 of a¢￿Un￿n9 and. based on the audit evidence obl8inèd. whether a maierial understanding exists related to evonts or condltions that rnay cast significant doubt on the charitys abilty to c¥Jntinue 85 a going toncem. If we condude that rnplerial uncertainty exists. we are Tequired to draw attention in our auditors report to the rel8led di$ckisures in the finanoal statements or, rf Such di5dosure5 are inadequate, lo modty our opinlon. Our condusions are based on the audtt eviden(% obtained up to the date of our auditorfs iep()rt However. future events or condilK)n¥ may cause the charity to cease lo continue as a going concem. Ev8lu8te the overnll presentsts"on. structure and cx>nlenl of the ffinandal statements. induding the di5Gbsure$, and whether the financtal stslernerrts reyesent the undertying transaction8 and events In a manner that achieves fair presentation. THE BEAVERBROOKS CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF THE BEAVERBROOKS CHARITABLE TRUST A further descripion of our r¢$ponsibilib'e8 is 0vaiL9b￿ on the Fin8naal ReportiNJ CounrAI's ￿Eb8rte al.. hltps'.11 www.frc.org.uklaudRor5respon¥bllNfios. This de3C￿p11)n forms part of our auditorfs ￿port. Use of our report This report 1$ made so￿ty lo the charit￿$ trustees. as a body. In A￿￿rdenCe with Part 4 of the CharitSes IAccounts and Reports) Regulations 2008. Our audit work ha6 been undertaken so that we [¥￿￿1 State lo the charity's trustees those matters we are i•quired lo stste lo thern in an audrtor's report and for no other purpose. To the fullest extent permitted by law. we do not accapt or s$$ume responsibility to anyone other than the charity 8nd th& ch8Tity'8 Iruslee$ a8 a body. for our audSt W￿k. for Ihis report. or for the wnions we have fornied. jacq￿lIne Hyd• BA FCA1Sonlor Ststutory AudStor) For and on bohawof John Polter & Harrlson Chartered Accountants & StatLrtory Audttty 3A Clifton Square Lylham StAnne6 Lancashlre FY8 SJP Dole.. O/'G>-202 John Potter & Hgrrlson 13 eligible for appolnlrnent as audrtor ol the ¢harNy by virtue of tts ellglblltty for appolntment as audttor of a comp8ny und•r S￿￿On 1212 of the Companles Acl 21)06. THE BEAVERBROOKS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 28 FEBRUARY 2026 Unrestricted funds 2028 Unre•irlct¢ funds 2025 Not•8 Incom* Irom: Donations and legacies Investments 1.241.242 44.241 1,408,451 88,482 Total Ineom• 1,285.483 1.496,933 Exp•ndltur• on: Ch&rfl8ble 8¢tlvrfle$ 1,357.685 1,408.449 Totsl •xp•ndltur• 1,357,885 1.408,449 N•t Incom•l{exp•nflltur•l and mov•ment In fund¥ 172,2021 88,484 R•conclllatlon of funds: Fund bglances at 1 March 2025 4,747,816 4.659,332 Fund balanc•8 at 28 F•bruary 2026 4,675,814 4,747,816 Th• sl8t¢ment of ffinandal acllvities In￿d￿ att gains and rer4nl8ed in the yeaT. Al income and expendftur• d•rfve from contlnuing acJvrties. 10- THE BEAVERBROOKS CHARITABLE TRUST BALANCE SHEET AS AT 28 FEBRUARY 2026 2026 2025 Flxed as•etB Tangible assets Invo$lments 350.000 4.322,100 350,000 4,322,100 10 4.672,100 4,672,100 Current assets Cash at bank and in hand 3,514 75,716 Ngt current a•••ts 3,514 75,716 Totol a•Mts le•• current Il•bllltl 4.675,614 4.747,818 Th• funds ol th• ch•rlty Unrestricted funds 11 4.675,814 4,747,816 4,675,614 4,747,816 The finanual stat nts were approved by Ihe twst¢•s on . ol. Gl.zG. M l Ad￿Slon6 OBE FGA Tw•t¢• 11 THE BEAVERBROOKS CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 28 FEBRUARY 2026 2026 2025 CaBh flo￿ from 0￿ratIng actlvltl•8 Cash labsort>ed byllgeneraled from operations 14 1116.4431 Invo¥Ung actlvltl Investment Income received 44.241 88,482 N•t ¢ash genernted frorn Invesllng •¢Yvftl 44,241 88,482 Net ca8h gen•r•t•d from flMn¢lng Aetlvltleg Net Idecrea•elnn¢r••u In ¢*#h and e•sh tqulvalents 172.2021 88,484 C¥8h on*J cash &quivalents at beginning of ye8r 75.716 {12,7681 C••h and ea8h •qulvalents al end ol y•ar 3.514 75,716 12- THE BEAVERBROOKS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY2026 Accountlng polleb•$ Charlty Infom•tion The Beaverbrooks Ch8ritabl¢ Trust is a pUb￿C benefft entity and a registered charty in EnglAnd and WaleB and is unincorporated. Th8 addr¢$$ of the w¥vpal office ts Ade￿ House. Park Rogd, St Annes on S¥a. Lanc8Bhire. FY8 1 RE. 1.1 Ba•1* of pr•p•r¥tion The financial ststements have been prepared in accordance wih the tharlty'6 goveming document, th8 Charth'es Acl 2011. FRS 102 Yhe Finanaal Reporting Standard applirable in the UK and Republic of Ireland. and the Charib'es SORP 'Accounting and Reporting by Chaftts"es." Statement of Recommended Practice applicable to ¢h8rltles preparing their accounts in accordance th& FSnAndo1 R?portlng Standard applicable in the UK and Republi¢ ol IretsrHI IFRS 1021.. The charily Is a Publlc Benefft Entrty 85 deflned by FRS 102. The finanrial slaternents are prepar8d In sterlng. whi¢h 1$ the furKllonal cuThency of the charlty. Mon8tary gmounts In the88 financial Statements are rounded to the n•are81 £. The finanual statements have been prepared under Ihe hl&torfcal c08t convention. The prfn¢ipal a¢¢ounllng pollde5 adopied are $el out btslow. 1.2 Golng collcern The charity's act1v￿•s, tOg•th8r the ladors Ikety to affect Its future dev•kJpm8nt, parfOrman￿ and POSition are set oul in the Truste&8' R8port bthi¢h ako desuibes Ihe finanaal posilton of Ihe charlty Indudlng s Inve8lments and re8erves policy. It 18 the intentlon of thè dIre￿Or$ of 8eavert)rooks the Jewellers Llmtted to contlnue to dlstrlbute 20% of the i6tribulable profit ol Beaverbrooks the Jeweller3 Linrted lo the chartty. The ¢hadty'$ for￿51$ and projection8, taking account of possthle ¢h8n9trs in don¥tion$ and investment bnconx. 6how that the charlty Should be able to operaie wfth the current level of r¢seNe$ It ha8. After mo￿n9 Inqulrie8, the Truste88' have a reasonable expectalth that th• ¢hwty has adequate resource5 10 continue in operolon•l •xi$ttrnce lor the ft>re6ee8b￿ fijture. The Twstees,. therefore, consider that th¢ going c4n¢em 8$$umptw bB an approprfate b8618 on whlch to prepare these finanaal 51atements. 1.3 Charitsble fund• Unrestricted funds 8re av8119b￿ lor use at Ihe discTrlion of the trustees In furtheran¢& of thdr ¢h8rltable objectlves. 1A Income Income is rewgnised when the charity is kgally entitkd to rt aftat any ￿rfOrMance conditions have been met, the Bmountg can moa$ured Tel￿bly. and it is pmbable that income ¥￿1 be rveived. other ¢on8lions ore recogni5ed once the tharity has been nolffied of the donation, unle53 perfO￿anCe condib.ons requirtr d¢ferral of the amounL 13- THE BEAVERBROOKS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2026 Accoun￿ng polici Iconllnu*dl 1.5 Expenditure Expenditure is recognised once Ihere 1$ 8 legal or 0￿6trUCtive obligats.on lo transfer economic benefit to third party, it 18 probab￿ that a transfer ol economic beneffts will be required in sett￿rnent. and the 8mounl ol the obligation (an be measured reliab￿. Expenditure 1$ dassffied by acts'vty. The o)sts of ea¢h a¢bvity are made up of tho lot81 of direcl costs and shared costs, In¢lJding support costs invofved In undèrtaking each aclivity. Direct C05t5 attfibutable lo a single adivity are allocated directty to that activty- Shared costs vthich contribut& to more than one activty an¢J support costs which are not attribut8blo 10 8 single aclivtty a￿ appo￿One(l tyètween those acti￿eS on 8 b3SI$ consistenl with the use of rè50ur¢es. Central staff costs are alk)¢ated on the basis of time spent. and dep￿CiatIon charges Bre 8lhx8t¥d on the port¢'on of the 88seYs us•. 1.8 T•nylbl• flx•d •••et• Tangible fixed a$$¢ts arè Initia￿ measured at (y)sl and $ubsequentty measured al Cost or valuation. net of depreGi8llon and any impairmen11088e6. Sccial investments Soclal Investmènt lor whlch falr ¥a￿e can be mèa$ur•d rewably wlthout undue co81 of gffort on an on ongolng basis are mèasured at lalr value annuaty with #ny thange reco9nised in Statement of flnallc￿ activities. 1.7 Flx•d aB•et Inv￿lM•￿t• Unllsted Investments are Bhown al ¢ost ￿6$ any provi6ion for Imp¥irmertt. Investments represented urtll$t¢d Investment5. at C051. in the Share ¢aprt81 of Beaverbrooks the Jewolth Linlted. a company regl$tered In Engkgnd and WJle$. The Twsvs shareholdlng represents 20%. The Trustees, 8Te mindful of their responsibilities in relation to an investment policy and ¢n$ure that Ihe policy addresses the needs of the charii8bl¥ trust 8nd rts benefiaorles in the short, medlym and long te￿. ts￿n9 Into 8¢count the fulure need6 of thg eharity In term6 01 both capital and In￿m*. 1.8 Impalrm?nt of fi￿￿ 48•ets At each reporbng end date. th• ¢h?fNy rewews the caryin9 8mounls of fts tangible assets lo d•temln whethef there is any indi¢ats"on that those assets have 5uffeTed an impairmenl loss. If any iuch Indlcation exists, the ￿e¢v$r•ble arrKJunt of the 888et Is esb'rywled in ord•r to deternNne the ethnl of the Impairment sB1rf8nyl. 1.9 C•8h and caBh equlvol¢nts C8$h and cash equivalents inc￿lde ¢ash In hgnd. dep05iis hebj ai ¢all with banks, other short-telm liquld Investments wth original Matur￿￿$ of Ihreo months or less. and b8nk overdrafts. Bank over(*refts ar• shown within borrowings in current Iwbilrties. Baslc fin•nrl•l assets Basic finanaal as5els, which Michjde debtors and cash 8nd bank balances, are initially measured at transaction price including transadon costs and are subsequentty carried at amorbsed cost using the effecilve Inte￿St melhod unles5 the arTangemenl con5ti1utes 8 finanang transaction. where the transacb'on is me8sured al the P￿sent value of the fijtvre receipts dlscounted at a market rale ol Mittrrgst. Flnandal assets da85ified as receivable within one year aTe not amort¢sed. 14- THE BEAVERBROOKS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Accountlng pollcl•8 IContlnu8d} Ba$1¢ fin4nclal Ilablllties Basic financAal liabilities. inchjding crÈditor$ 8nd bank loan6 are initsalty recogni5ed at transactM)n pri￿ unless the 8rrangemenl constitutes a financing tran$O￿lon. where the debt instrument 1$ m08$uree at the present value ol the future payments discounted at a market rate of inlere$t. Financial liabilities classrfied a5 payable wittiin one year are not amowb'sed. Debt instruments are sub$8qugntty ¢anied at amorlsed cost, uslng th* trffe¢live Interest rate method. Trade cre(Iltor5 8Te obligations to pay for goods (x servbces that have been acquired in th? ordinary course of operab.ons from 8uppli8rs. Amounts payable are dassifiad a$ currenl liabilibes If payment is due wilhln one year or less. If not, they are presented as non Th8 Frien*Jship Cirde The Henry Jackson Society Thè lfj"ng's Tfust (The Prince's Trusll The Science Museum Tho Universrty of Manchester The Work Avenue Foundallon T'mimei Lev School Triple C United Jewsh 18TaelAppeal Variety- Th? Chiklrèn's Ch81ty Woodlands School Woild Jèwlsh Relief Yad Vashem yTD￿he Helpllne Other grants less th8n £5,000 7,SCK) 5,000 31,250 31,250 20.0(KJ 37,500 37,500 5.000 40.OCM) 5,000 7,500 15.OL)O s.000 40.000 10.000 20.000 272.599 3C6.147 1,357,448 1,408.107 Tru¥t¢ None of the trustees lor any peT¥ons c4nn8¢ted wlth them) received any renwjnerathon N beneffits from the chorty durfng the year. As referred lo in thè Tru$t••s' R•port, The Beaverbrooks Charitable Trust currenuy ulS1S$es ihe tlme of four tmploy¢gs of 8&averbrooks the Jewel￿￿8 ￿'MIled in order to adminisl•r Its affairs. 8eayeTbrooks the Jewellprs Limited does not charge the charity for this time ¥lnce rt 1$ not pra¢ti¢al to quantlfy thelr allocauon of me and hence salary cost. No Trustee has received any remuner8Oon or expens88 from the charlty durng tho rAJrrent or prgvlou$ y￿r or had any expenses paid on their b¢h8W. No employee hos re￿1¥•d any remuneration or expenses from tM ¢h8rfty during the current or ￿vIOuS y*or and accordlngty no emph)yee earned In e¥cess of £60,CiIO (2025.. £fjo.O￿) In elther year. All staff members inVo￿ed in the running of th• chanty are empbyees of Beavwbrooks thts J¢w*llers Llmr(ed and as such. their remunwation is pald by that company. Employee• The average monthty number of employees durng the year w8s.' 2026 Nurnb¢r 2025 Numbor Total There W￿¥• no empbyse$ whose annual remuneration was more than £eo.orAJ. 18- THE BEAVERBROOKS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026 Ta￿tiOn The charfty 15 exempt from taxation on its aciivities becau6e all its incomè (6 applw for Charitable purposes. Tanglbh Ilx8d a•s•t• FM•htld l•nd and bulldln•8 Co8t At 1 Marc* 2025 350.000 At 28 Fobruary 2026 350.000 Carrylng amount At 28 February 2026 350,000 At 28 F•￿u#ry 2025 350,000 As al 28 F•bru8ry 2026 the 50dal Investment included In freehold property rèpresents 8 property used by Blackpool Car*r8 Centre Limrted for the￿ charitable purposes. The histoiic cosl a128 February 2028 wa$ £350,000 which is also consid8i¥d io be the tsir value a8 manageff*nt do not de&m there to be 8ny other reh'able estlmate for their fair value. 10 Flx•d •1•￿ In¥￿tments Other Inv•¥¢m•nts Co•t or valuatlon Al 1 Marth 2025 & 28 February 2028 4.322,100 Carrylng amount Al 28 February 2028 4.322,100 At 28 FebN8ry 2025 4.322,100 All Investrnents shown above are held al cost. 11 Unrnstrltt•d lund• The unresiricted funds of the chatity compri$¢ the unexrended bakinces of donallons and grants whlth are not subject to specific conditions by 4Jonors an¢J 9r8rtors as lo how they May be used. These indude designated funds which have been set a￿de oui of unresln.cled fvnds by the truslees for specrfic purposes. At 1 Plarch 2025 Incomlng resourc•s R•soure•8 At28 *X￿nded Fèbruary 2026 General fijnds 4.747.818 1285.483 (1,357.6851 4,675.614 19- THE BEAVERBROOKS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y2026 11 Unrestricted funds (Contlnuodl Prgvlou¥ Y￿r. At 1 March 2024 Incomlng resources Resour¢e• At28 February 2026 General funds 4.659,332 1.498.933 (1,408.449) 4,747,816 12 Fln•n¢l81 ¢tynmltm•nt•, guaranteM and contlngènt Ilabllltl Al 28 February 2028, the Trust had lotsl outstsndlng ￿rf￿1tThnts of£600,000 over the nexi thr•• years. 13 Related party tranuC￿On¥ M l Ad￿Stone and A BLq¢kbum who are Trustee6 01 Thts Be•ve￿rOOk$ Charltable TNst 918 al80 dlre¢tor$ of Beaverbrooks the Jewgllers L￿￿ted. Bèaverbrooks the Jewellers Imiled mad* don8tions to the tharTty amounttng to £1,225,000 12025.. £1,380.1 LMJI In the year. nd ￿cOM Income 01 £44.241 12025.. £88,482) was recognls•d In th• yèar. represenilng dividends payable on the Investments held In Beavefbrooks the Jewelèrs Llmiled. Th• c08t of the inve6tment held Is Shown In note 10. nts Oonatlon5 emounllng lo £50,000 {2025'. £30,0tr)I were wAde to The Mustsrd Tfe*, 8 r¥glst8red chartty. durlng the period. The Must¥rd Tr*• 1$ 8 related party by way of common dire¢torsnrustee8. Donallon$ amounting to £SO.C#)0 {2025.' £50.WOI wern mad* to The Jewsh Leadership Counol, a raglstered ¢honty, durlng Ihe peiiod. The Jewlsh Leadernhl) Coundl k a related paty by way of c¢mmon dlrectorsl Iruslees. Donatlon5 arnounllng lo £25,000 12025.. £10,CI)01 were made to The Boglhouse Youth. a regl8lered chanty, durlng the period. The Boathouse Youth is a rekgted party by w•y of commn t11rectorsrtrustees. Begvertjrooks the JewelleTS Limited bear the audit fee of £3,Cl)0 (2025.. £3,eooi for the 8udlt of these financlal statements. Beavert)rook8 the Jewelbr8 LIn￿led has al60 bc¥ne the sakqry o)sts ol the employe88 of Beavert)rook$ th8 Jewellers Lirnitod, who have incurred time on the administration ol The Beaverbrooks Charrtable TnJ$t In the ye8r. Be8v¢rbiooks the Jeweuers Lirnrted mad8 no rthrge wsts to The Beaverbrooks Charitsble Trust In the year. Related balan As al 28 February 2026, no amount {2025'. £nill was owe(I by or lo The Beavethoks Charliablè Twst lo Beavefbrooks the Jewelers Limbted. THE BEAVERBROOKS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUAR Y 2026 14 Cash labsorbed byVg•neFated from operatlons 2026 2025 IDeficitllsurplus for the y￿r 172.2021 88,484 AdJu¥tment• for. Investment Incom8 re¢>)gnlsed In 8tstement of financial adivrfles 144.2411 188,4821 Cash labsorb•d byygener*t￿ from operntton* 1116.4431 IS Analy81s of eh•ng•• in net fund• The tharty had no materfal debt during the year. 21