Charity rg91stratlon numbèr 1146202 (England and Wales) Company regl$tratlon numb•r 07867602 GUILDFORD POYLE CHARITIES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 GUILDFORD POYLE CHARITIES LEGAL AND ADMINISTRATIVE INFORMATION Tru$tg9$ Mrs Deborah Drury (Organisation Grants Chairl Mr Matthew Gray (Joint Chair of Finance & General Purposes Committee) Mrs Moyra Malravers Mr Tim Metson (Joint Chair of Finan & General Purposes Committee) Mr Mike Evans Mrs Sandra Robinson Mrs Alison Bass Mr Robert Kiley (Chair) Mr Matthew Roberts {Depuiy Chair) Mrs Kathryn Mills M6 Audrey Howells Mrs Amanda Creese MrAndrew Hamilton Mr John Vvarchus Charlty numb•r (England and Wales) 1145202 Company numb•r 07867602 R•gl$tsred offl¢e 208 High Street Guildlord Surrey GU1 3JB Indopènd8nt examln•r stephèn Meredith FCA DChA Alliotts LLP One Ground Floor 3 London Square Cr08s Lanes Guildford Surrey GU1 1UJ GUILDFORD POYLE CHARITIES CONTENTS Page Trustees, rèFK*rt Independent ¢xamlnef8 report statement of finan¢lal actlvities Sumrnary Income and expenditure account Balance sheet Notes to the finanaal statements 10-23 GUILDFORD POYLE CHARITIES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 Thè Tru81ee8 present thelr annual Teport and financial statements forthe year ended 31 December 2025. The financi81 statements have been PTepared in accordance with Iha accounting poll¢le$ strt out in note 1 to the financial 81alements and comply w5th the Charlty's memorandum and articles of association. the Companies Act 2006 and "A¢¢ounllng and Reporting by Charities.. Stslement of Recommended Practlce applicable to ¢har5tles preparing their accounts in accordanc6 with the Flnan¢ial Reporung Slandaid applicable in the UK and Republic ol Ireland IFRS 1021 {effedlve 1 January 2019)" ObJ8ctlves and acthrltlgs The 8im8 and objectives of the charity are.. The relief of financial hardshlp, either 9enerolly or Indlvldually, of people Ilvlng in Guildford Poyle Charities, area of bengfil by making grant8 of money for providing or paying for items, services or facililias. To enable 8oclal inclu$lon for the publ1¢ benefit by maklng grants of money lo Indivlduals or organisations so as lo prevonl people from bècoming socially excluded, relieving the n88ds of those poopla who arg 30aally excluded and assisting thém to intograle into socialy. The TTU8tees have paid due regard lo guidance l$sued by th& Chgrlty Commls$ion In decidlng what actlvilles the Charity should undertak8. Revlow of Actlvltlos During the period under review. a total of forty-￿0 grants were made to organisalions Bssisllng Ihtsse in need whose aims mgt the Tru81088' guideline8 (for m(>re Information 8ee below). Of these grants, 21 were to schools for uniform and School trips. Grant awards lotalled £107,748 with one 2024 grant return8d of £529 Ihtrrefore £107.219 was actually paid out. 115 grants were awarded to individuals during the year and tolalled £32,137 Grants a¢iually paid during the year were £26.489. Th18 was due to 8tsmè grants not bèing lak&n up. 80me grants being underspent forvarious rea80ns and retumed grant payments during the yèar. Some grant payments were made for individual grants agreed in 2024. One 2025 grant of £43e w88 paid aftor year.gnd. Examples of a88istsnce given included white goodslolectric81 Items, ftjmiture, clothing and ¢ontribulSons lo Ilooring. Thg total paid 8fter adju31ments across all grants was £133,708. Two small awards were made lo Indlvidual8 carrylng out domeslSc work for dlents of Homè Suppert Service8 {GuSldfordl who were chosen to lake part in the 2025 GuildfoTd Poyle Charities Dicing Ceremony. This event took place under the terms of the wills of John How and John Parsons who lèft a small sum tsf money for thi3 purpose al the lum of the 17th century. GUILDFORD POYLE CHARITIES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Achievements and p•rformanc• The on-golng work of awarding grants in a timely. efficient and effedve way tak￿ up thè majority of the working lime ol the staff and TTLislees. In addition, particijlai challeng0￿aChlevem8nls of the charity during the year wera.. During the year Nicola Freeman, Ruth Brothwell and Dr Jonathan Norri8 retired as Tru8lees. All Trustèe8 thanked them for their conlribulion lo the Charity during Ihelr lime In office. Near the end of 2024 the Trustees comploled a revi￿ ol the Investment Managers. Sarasin and partr￿r$ wera duly appointed and the transfer was successfully compl&ted in 2025. During 2025 a lender was issued to change IT company. This was successfully completed and a naw company were appolnled and the transfer completed. Laptops were purchased for the staff member5 which has 8lgnificanlly helped with work flèxlbllity and working bebmeen the office and home. Trustèès commenced discussions about a Strategy for 2028 to 2030 to Sncorporat8 plans lo mark 400 years Sin￿ the initial bequosl was mada by Henry Smith. Updated policies were agreed. Grants, Guideline8 werè revlewgd and amended lo reflect change5 in need or circum$lanc88. The time period lo lake up all grants was amended to four weeks to try and assist with lake up of these grants. During 2025 staff and Trustees attended several Nelworklng ev9nls and vislted organlsatlon grant reciplenl events to wlness the Impad of the grants. In January 2025 a cai crashed into thè rètail unil causing some significant damage. thankfully no one was hurt. In1ti81 emergency work was required lo secure the w8ml$èB and temporarily rèplace the shop front. This led to a lengthy claim wllh Ihtr Insurers and obtaining quotes for the required works. Near lo the end of thè y•ar tha insur8nce daim was accepted and the repair work Is due to take place in 2026. Durlng 2025 an offer had been re￿iVed and accepted on the property. Th18 was due lo complete In November and in readiness staff vacated the office. Tho sal8 aborted at the last minute which had ignificanl impart on the Charity. ExampleB of Organl8atlon Grants Awardod from thg Incomo Fund during tho Year Gulldford Shakespeare Company IGSCI. Put Up Your Swords - Knife Crfme Awareness Project the GSC Edu¢allon Department engages wlih people across Surrey and the Soulho8$1 provlding projects In schod$ using a professional 18am of actor5, diro¢tor$ and wril8rs. They have previously been awarded gTants for a project al King's College called 'ln our Stars, and another project supportin9 young people with mental health distress called 'Wilh My Eye8'. Th18 lim8 they applied for a prolecl in schotsls worklng wSlh Crlme Slopp&r$, Surroy Pollce and the University of Surrey lo raise awareness of the dtrvaslating consequences of knife crime. support students and encourage p8er lo peer learning support. The project ran during 8n eight-week programme u&n9 8 scene Irom Romeo and Juliet in which Tyb8118nd Mercxjllo are stabbed. Trustees decided lo award £5k lo be used Chrisl'g College school. Poyle staff attended the pupil's perfomanc& at the end ol the project. Gulldford Town Centrè Chaplalncy IGTCCI - Communlty Ang918 a befriending project run In response 10 Issues of loneliness and Isolation among adults of all ages in Guildford. Théy offvr six months of ￿eklY fac*-tOwfacè befriending Ivisils and outings) wlth a ¢arèfully matched and trained volunteer. Trustees agreed £7k for twelve months. Energy Mattors, Gulldford Energy Support Schemè Thls ig the first application from this organisation. Their mission 18 lo help hou$¢holds in or at risk of fuel poverty lo save money 8nd changa bèhaviDurs for the better. They provlde an Energy Advice and FL¢trI Povety Support Service lo vunerable low-income hcsu3ehold3 by offering drop Ins and tailored one lo one appointments wllh home ￿911$ for thosè unable to attend in the community. They deliver personallsed energy advl¢o {e.g. help with reading bills, understanding tariffs, reiluclng energy usel, digllal skllls and advocacy support including fuèl debt assi$lan¢o. They have been providing the service for years in the Park Barn araa and art looking lo extend their reach across Gulldford. Trustèes agreed to award £5,873. GUILDFORD POYLE CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Flnan¢lal rnvlew The net operating deficit foT the year was £53.442 12024 - £77,072) bgft>re Investment gain8 of £91,312 {2024 - £167,503) and fixed asset propèty Impalrmenl of £7,12612024 - £6,260 gain). resulting in a net movement of ftJnd8 of £9,082 {2024- £96,691). Total funds stood at £4,846,553 at the year 8nd12024 - £4,815.8091 and were represented by endowment funds of £4,792,73912024- £4,786,2t61 and unrestricted funds of £53,81412024- £49.S931. Rogfrrv￿ Pollcy 11 is the policy of the Charity that free ro$erves lunrg$lridod fund8 whlch hav8 n¢1 been designated for a spechlc purpose and those r6pr&8onted by fixed 888elsl 8hould be maintained al a level of £50,000 to cov&r 8 twelve- month pèrlod of overheads, to enable contonuity of operatlon rather than grant glvlng. In the wor81-ca8e scenario. il would also enable a controlled shut down of the Charity. Al 31 December 2025 free reserve$ stood at £53,81412024- £49,593). Investment Policy Any unrgstrided capital 18 held in Guildford Poyle Charities Icharlly number 11452021, whSF81 the ondowment capltal is held by ils subsidiary. The Poyle Charity (charity numbèr 1145202-1}. There are no re$lri¢lions on the Charivs powers to invest. The Snvestmenl pollcy Is 8&1 by thtr Trustees who consider the capital gTOWth, income requirements, the risk profilè and the investment manager's view of the market prospects in the medium term. The Charity invest a proportion of fvnds in propety which generates kicom& 8$ well as provlding office accommo(lalion for use by the Charity. The Trustee8 meet the Investment manager annually to wvbew p&fomiance and discuss inve$lm¢nt pdlcy. Totsl Return The Poyle Chgrily subsldlary Invested endowment generates capital growth and inleresvdividendg which are rèinvested. Trustees determine from time lo lime the proportion of the inveslm&nt which will bo Converted lo income. in accordance with guideline$ d&8igned lo &n8urg that lo the extent po88lble. the income and the Trust for Inveslm¢nl l$e& below) are al least inflation protected and su81ainable over the long temi. As in 2024, the Invested fund of the Charities delivered less than the inflation plus 310 4% larg¥t 8lb$lt conslstgnt wlth other managed charity inve$th)enl fund8. The Charity rules for del8rmining income tskè a over a 5 year poriod lo allow for significant variation the market. The cushion of Un8pplied Totsl Relum IUTRI bulll up over the years enables the Charity income lo b& mor6 ¢onsl8lenl. The Charity receive quarterly reports from th8 fund manager and have an annual meeting wllh the investment manager. The initial values of the Trust for Investment {the value of the perma￿nI endowmenll and the Unapplied Total Return {UTRI were •stablish$d by a deaslon of the Poard of Trustees on 25 October 2018, to approve the proposal from the Flnance and General Purposes Committee IF&GP), to lake effect from 1 Jgnuary 2019. The initial value of the Trust for Investment wa8 set al the value of the permanent endowment fund invested in Ihg stock market on 31 December 2008, being an amount of £2.424.155. This date was chosen bgcausè Il was the first time that all the endowment funds of thè Charity waro combined. The Inllial value of the UTR al 1 January 2019 was £1,278,650. The value of the Charil¢s building was excluded Irom the Trust for Investment. None of the Trust for Invgslm8nl has been allocated lo the UTR 8nd no recoupment ha8 trRen made from the UTR Into Ihg Twst for Investment in the period. GUILDFORD POYLE CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT> (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Rlsk Management The Charillès malntain a Risk Regi81er to record pèrceived risks lo bu8lne89, operations and reputation. The Trustees have reviewed the reglslèr and a)nsider that the charlty has tsken appropriate measures to mltigate th880 risk3. Plan8 for future pgrfods The Charities intend lo ¢onllnug lo provide grants to indivldualg and organisalions in line wilh the object9. Although the Inve8tmenl en￿ronMent remains unctrrtaln, tho Trustees have decided not to Chango the principles on whith the grants, budgets are delgrmined. This will be kept under ￿vIeW in the light of need wlhin the locallty and the prosp8cl$ lor capital growth of the investmènts. Structuro. gov•rnanca and management Con8titutlon and Govgmlng Document GuSldford Poyle Charities was Incorporatèd on 1 December 2011, havlng been 8cled 88 an umbrella body for number of much older charities. The company is limited by guar8nl8g and ￿S governed by a sel of Memor8ndum and Artldgs of Association based upon modgl documents produced by the Chadty Commission with registration number 07867602. Th• Company was registered with thè Charity Commission on 22 December 2011 wllh charity regislrallon number 1145202. The Tru8199$, who are also the directors for th& purpose of company law. and who swved during the year and up lo the dale of signature of the finanaal slalements were.. rs Deborah Drury (Organisation Grants Chalr> M8 Nicola Freeman Mr Matthew Gray lJoinl Chair of Finance & Genoral Purposes CommSttèe) Mrs Moyra Malravers Mr Tim Melson (Joint Chair of Finance & General Purposes Committee) Dr Jonathan Norris Mr Mikfj Evans Mr$ Ruth Brolhwell Mrs Sandra Robinson MrsAli50n Bass Mr Robert Kiley (Chalr) Mr Matthew Roberts (Deputy Chair) Mrs Kathryn Mi118 Ms Audrey Howells Mrs Amanda Creese MrAndrew Hamilton Mr John War¢hus (Resigned 15 May 20251 (Resigned 31 July 20251 (Resigned 8 May 20251 GUILDFORD POYLE CHARITIES TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 R￿ruItmÈnt and Appolnlmènt of Trustees Th• Trustees who have s8Ned through the perlod and slnce the period end are set out on page 5. Trustees arg chosen for their knowledge of the 8g¢tor the charlty works in or for other specialist knO5￿edge r8quired lo operate a successfvl charlty. Checks are carried out before a Trustèe 18 appointed indude searching tho Regl8ler of Removed Trustaes hold al the Charity Commission and the Insolvency Register lo ensure candidates are ellgible to tak8 up appolnlment and obtaining an enhanced dedaration of eligibility from Ihtr candldate. The board of Tru8le8s comprise a minimum of threo individuals bul unless oth0￿189 dolermined by ordinary r6$oliJlion, shall not be subject lo any maximum. Guildford Borough Coun¢ll 1$ responsible for nominaung one trustee to serve on tho Board ofTruBl8es. Rotlrnmènt of Trustee$ Al gach AGM. one-quarter of thè TNslees must retire by rolalion whlch 1$ determined by those who have been in office longest since thelr appointment. There is a maximum term of office of eight year8, although a truste8 may bo re-elected lor a further four-year p8riod ifthey are appointed Chalr of the Charity or Chair of any ofthé Committees. Structure On 1 January 2012 the assets and liabilities. èxespl those relating lo a permananl Endowment Fund, w•r• transferred from "Henry Smllh'8 or The Poyle Charlly known a8 Gulldford Poyle Charib'es" (formerly Charity number 10781311 lo the new charitable company. Under Charitl$s Act leg181allon the permanent Endowment Fund had to be kept in the original unln¢orporated charity. This unlncorporated charity has now bggn Ilnked lo the new charitabl¢ company via a uniting directlon and given a new charity number 1145202-1. On 26 January 2012 tha Trust99$ of the old charity resigned and the ngw ¢h8rilabl8 company b8cam& the $010 Corporate Trustee of tho unineorporated charity. The8e accounts incorporaltr the re8ulls uf both Guildford Poyle Charltle8 (charity number 1145202) and The Poyl8 Charity lunil&d ¢h8rlty number 1145202-1}. Trust￿ Induction and Tralnlng New Trustees partlclpale in an Induction session to famili8rl86 Ihem8elves with the charity and th¥ context wlhin which il operates. Among other thlngs. Ihls cov$r8'. The oblSgalions of Trustees The main documents which sel out th& operational framework for the charlly Indudlng the Memorandum and Articles of A$$ocialion The ch8rily'3 grant making guidellne8 Resourcing and the current financlal position as sel out in the lale8t publlshed accounts Fulum plans and objectives Talks by relevant Speakers arè organised throughout the yggr to help en8ure that knO￿ledge of the community In which th8 charity operates is up.Io&dale and an'Awayday' 18 held, when required. The Tw$tg98' report wa8 approved by Ihg Board of Trustee8. Mr Robèrt Kl18 Trusteè air of Tru8tO881 Date.. GUILDFORD POYLE CHARITIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GUILDFORD POYLE CHARITIES I report to the Trustees Ix) my examinatlon of the financlal 8talemenlg of GulldfoTd Poyle Charities Ilhe Charltyl for the year ended 31 December 2025. Responsibllltlos and basls of r8POrt As the Trustee8 of thé Charfty land also ils director8 for the purposes of company lawl, you are responsible for the preparation ol the financial slalemenls in a¢cordance with the Tequiremen18 of Ihg Companias Act 2006. Having satisfied myself that the finan¢i81 slat•monts of the Charity are not ￿qUIred lo ￿ audited under Part 16 of the 2006 Act and are eligibl& for independent examination. I report in respect of my examlnalion of the Charity'8 finanoial slalements carried out under 8aCtion 145 of the Charities Act 2011 (tho 2011 Act). In carrying out my examination I have followed all Ihe applicable Directions givén by the Charity Commission under 8eclion 14515)Ibl of the 2011 Act. Independont examinerf$ $tatgm8nt I have completed my examlnallon. l Confimi that no matters have comg lo my att9nllon In connection with the examlnallon giving me cause lo believe that in any material respect.. aceounlSng records were not kept in respect of the Chgrfty as required by section 386 of the Compan189 Act 2006. the financlal $talem8nls do not acttjrd with Ihoso rO￿rds.. or the flnan¢ial slalemenls do not comply with th& accounting requlremenls of section 396 of the CoTnpanie3 A 2006 other than any requlrem&nl that the finanrAal statements giv¥ a true and fair view, which is ncl a matter CDnsldered as part ol an independent examination,. OT the financial statements have not been prgparèd in accordance with the methods and princlples of the Slalemenl of Rtrcommended Practice for accountin9 and reporting by charities applicable lo charities preparing Ihelr financial Slatemenlg in accordance with the Financial Reportlng Stsndard applicabl8 in th8 UK and Ropubli¢ of Irtrland {FRS 1021. I have no ¢on¢ern$ and have come across no tslher matter$ In ¢onnection the examination lo which attention should be drawn in this report in ordgr to ènable a proper understsndlng of thè financial statements to be reached. Stephon Marodlth FCA DChA Alllotts LLP Ono Ground Floor 3 London Square Cr05s Lanes Guildford Surrey GU1 1UJ GUILDFORD POYLE CHARITIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 UnreBtrfcted Endowmènt funds funds 2025 2025 T¢tal Unrestricted Endowmont funds funds 2024 2024 Total 202$ 2024 Nots$ Donations and legacies Investments Other income 10.488 30,581 166,662 10,488 131,100 21,862 10,250 30,802 135,000 10,250 119,849 100,519 (145,0001 89,247 {135,0001 Total Incom 207.731 144.481} 163,250 175.852 145.7531 130.099 Raising funds 6,057 13.182 19,239 8,179 29,344 35.523 Charitabl¢ activhS98 197,453 197,453 171.648 171,648 Total charitablè &xp•nditure 203.510 13.182 216,692 177,827 29.344 207.171 Net oparatlng Idofi¢ltl 4.221 157.6631 153,4421 {1.9751 (75.0971 (77,0721 Nel galnslllosses} on inveslmonls 13 91.312 91,312 167,503 167,503 Not Incomlng resources 4,221 33,649 37.870 {1.975) 92,41 90,431 Other recognl8ed galns and108se8 Revaluation of tangible fixed assets 17.1261 17,128} 6,260 6.280 Net movomgnt In fundg 4.221 26.523 30.744 11,9751 98,666 96,691 Fund balancEs at 1 January 2025 49.593 4,7fj6,216 4.815.809 51.588 4.667.550 4.719.118 Fund balances at 31 Dtscembgr 2025 53.814 4,792,739 4,848,553 49,593 4,766,216 4,615,809 The statement of financAal a¢tSvltles Includes all gain8 and loss88 recognised in the year. The statement of finandal a￿V￿leS Includes all gains and losses recognised In the year. All income and exp&ndilur8 derivo from conllnuing activities. GUILDFORD POYLE CHARITIES SUMMARY INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 All Income lund$ 2026 2024 Gross incorne 207.731 175.852 Total expenditure from income fvnd8 203.510 177,827 Not Incom￿(0xpendItur0} for the year 4,221 11,9751 GUILDFORD POYLE CHARITIES BALANCE SHEET AS Af31 DECEMBER 2025 2025 2024 Notes Flxgd assgts Tangible assets Investment propaty Investments 15 16 17 42,144 430,807 4.362,947 48.319 496.681 4,261.321 4,835,898 4,806,321 Current as80ts Debtors Cash at bank and in hand 18 1,050 38,228 1,914 36,530 37,278 38,444 Crgdltors: amounts falllng dug wlthln ong y•ar 19 126,621} 128,956) N•t Curront a$¥ets 10,655 9,488 Total a88ets curve￿ liabilities 4,846,553 4,815,809 Tha funds of tho Charlty Endowmont funds Unrestiicted fvnds 22 23 4,792,739 53.814 4.766.216 49.593 4,846,553 4,815,809 The company is enlSlled to the exempkn'on from the audit requlremenl ¢ontaSned in Section 477 of the Companios Aet 2006. for th8 year fjndgd 31 December 2025. The dlrectors acknowledge their ￿sponsIbl11tieg for complying with the requirements of tha Companle8 Act 2008 with respect to accountlng records and th8 preparatlon of flnanclal 8ts1emenl8. The members have r￿t required the company to obtain gn audit of itg finan¢lal 8ts1omenls for the year in question in accordance with section 476. These financial slalements have boon praparad in ¥c¢ordance with the PTovision8 applicable to compani8s subj$cl lo the small companies reglme. Thg financlal ststemenls were approved by the Twsl88s on .. Mr Robert Kil Trustsa ylc Mr Matthew Gray Tru8to0 Company regi8lralion number 07867602 (England and Wales) GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies Charlty Infomiatlon Guildlord Poyle Charities Is a private company Ilmlled by guarante8 incorporated England and Wales. The registered office18 208 HSgh Str991, Guildford, Surrey, GU13JB. 1.1 Accounting conventlon The financial slalemenls have been prepared in accordance with the Companies Act 2008, the Charitie5 Act 2011 and "Accountlng and ReportSng by Charllias.. Statement of Recommended Practice applicable lo charities preparing Ihelr accounts in accordance with the Flnandal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlvo 1 January 20191" The charity 1$ 8 Publi¢ Benefit Enllty 88 defined by FRS 102. The charity h99 t8k•n advantage of the provi8lon8 In tha SORP for charities not to prepare a Stslement of Cash Flows. The financial slalemenls aré préparèd in sterling, which Is tho function81 curran¢y of the Charity. Monetary amounts In Ih¢8è financial statements are rounded lo the neare$l £. The financial slalemenls havg been prepared under the historical cost convention modified for the impairment of fixad assets as noted in the aceounling policy 1.9 below. The principal acwunllng pollcies adopted are set out below. 1.2 Going con¢srn Al the lime of appioving the financial slalemenls, the Trustee$ hav8 a reasonable expectation that the ChÈrity has adequate res¢ur¢es to continue in operational exlslence for the foreseeable future. Thus the Trustees eonlinue lo adopt the going concern basls of accounting in preparing the financial 81alements. 1.3 Charitable funds Unrestricted lunds aTe avallablg for us? al the discfelion of the Tru8le&s in furtharance ol their charitable oble¢tiv•s. Restricted funds arè suwect to Specific conditions by donors or grantors as to how they may be used. The purptsws and uses of the restricted ￿ndS ar• $01 out in the notes lo the finan¢i81 staltrmenls. Endowment funds are subject lo speafic conditions by donors that the capital musl be maintained by the CharSty. 1.4 Income Income 15 recogni8ed when the Charity is legally entitled to 51 after any perfomiance conditions have been mel, the amounts can be mea8ured rellably, and1118 probable that income will ￿ received. Cash donations arè r•cognised on receipt. other donations are reeognised once the Charity has been notified of thè donation. unless perfomiance condillons require deferral of Ihe amount. Income lax r8coverablg In relation lo donations iec61ved under Gilt Aid or deeds of ¢ovenant is recognised al the lime of Ihe donation. Legacies are recogni8od ()n ree8lpl or othen￿lSe if the Charity h88 been nolilied of gn impendlng dlslribulion, the amount is known. and receipt 18 expeded. If the amount is not known, the legacy Is treated as a contingent asset. 10- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 A¢¢ountlng pollclgs {ContInu￿) 1.5 Expondlture Expgndllure is recognised once there 18 a leg81 or constructlve obligation to transfer econombc benefit lo a third party, it is probable that a transfer of economic benefits wll bg required In Set￿ement, and the amount of the obligation can be measured reliably. Expenditure is classifi*d by actfvity. The costs of each aclivlty are madg Ltp of tho total of direct costs and shared costs, Including support costs involved in undertaking each aclivily. Direct costs attribulat4e to a single activity are allocated directly to th81 a¢tivlly. Sh8rtrd co318 which contribute to more than one activity and support costs which are not attributable to a single activity are apportionod between those activities on a basls consistent wlth thé use of resources. Central staff ¢osl$ are allocated on the basis of lime 8penl, and d&precialion charges are allocated on lh8 wrtlon of thè asset's use. All expendituro is accounted for on the accruals basis inclusivo of VAT. Raising funds compromlse Ihtrse costs dI￿dY attributable lo managlng Investment portfolloB. Charitable actlvilies include grants made togeth&rwilh reltrvant support and governance cost$. Grants are Gharged in the year that they are approved for payment. No grants arè dèforred. Other expenditure represents those costs not falling into othèr hgadlng8. 1.6 Tanglble flxed assèts Tangible fixed assals are Initlally measured at cost subs8qu8ntly rn8a8ured at cost Qr valuation. net of depr¢ei8llon and any Impalmient108ses. Indlvidual fixetl assèts costing £500 or more are capilalised al cost. Depredation is recognised so as lo write off the co81 or valuallon of assets less their residual values over their useful lives on Ihe followlng b&8eg'. Computer8 and office equipment 33% Straight line Freehold land and assets arè not dfjprsdated. The galn or k)ss arfsing on the disposal of an a8s81 18 dotemined as the difference betr￿9$n the 581e proceeds and the Carrying value of the as8el, and 18 recognised the statement of financial 8ctivilie8. 1.7 Invwatm•nt properties Investment property, which is property held to eam rentals andlor for capital appreciation, is inltially cognised al cost. which Include8 the purchase c¢81 and any directly attributable expenditure. Sub8equenlly il is measured al falr value al the reporbng end dale. The surplus or dafidt on revalu81ion 18 recognised in stal&mènt of Financial Aclivilies. 1J Flxed assot Invgstmonts Fixed asset investments are InS1ially measuréd at transaction price excluding tr8n$actlon ¢081s, and are subs¢qu¢nlly measured al fair value al each reporting dalo. Chang88 In falr value are recognis¢d in net incomellexpenditurel for the y6ar. Transaction costs are expensed as incurred. 1.9 Impalrmènt of flxod 488èts At each reporting ond date, the Charity reviews the carrying amounts of its tsrrfJlbl$ a8sets to determine whother thera is any indication that those assets havè suff8rgd an impairment loss. If any such indkalion exists, the recov8rable amount of the asset is estimated in order to determino th& extent of the impairment 1088 Ilf any). 11 GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting poli¢les {Contlnuedl 1.10 Cash and ¢a8h equfval•nts Cash and cash &quivalènls inelude cash In hand, deposits held al call with banks, other short-temi liquld inve8tmenls with original maturities of three months or less, and bank overdrafts. Bank overdraft8 are thown thin borrowings In currgnt liabililies. 1.11 Financlal In8trumonts The Charity has elected to apply the provisions of Section 11 '8a81c Flnancial In8lrumonb' gnd Sedlon 12 'Other Flnanc5al In8trumenls13sue8' of FRS 102 10 011 of its ffinancial instrurnenls. Financial instruments are re¢ognisèd in the Charitys balance sheet w￿n the Charity becomes party lo the eonlractual provisions of the Instrument. Financial assets and liabilities are off8tr1, wllh the net amounts presented In the financlal 51atemenls, when there 13 a legally enforceable right to sel off the recognised amounts and Ih9rè is an inl8ntion lo s&ttle on a nel bgsls or to reali5e the a88el and settle the Ilabilily simultaneously. B•sl¢ flnanclal ass•ts Baslc financial ass&ls, which indude debtors and eagh and bank balances, are initially measured at Iran8actlon prfcè Indudlng Iransaetion costs and are subsequently carrled at amortlged cost using the effectiva interest method unless the arrangement con$lilules a financing transaction, wheTe the transaction is measured al the pr$sent valua of the future re￿IptS discounlod at a mark&t rale ol interest. Financial assets cl8gsified as recelvable wilhln one year are not amortised. Baslc flnancial liabilities Basio financial liabilities, including creditors and bank loans are initially recognised at transaction price unles the arrangerrenl Constitutes a linancing Iransaclion, where thè dÈbt instrument is measured at the present value of the future payments d18eounled al a market rale of interest. Financlal liabilllies classifled as payable within one year are not amortised. Debt Instruments are subsequently carrfed al amort18e(1 ¢08t, Using the effective interest rate method. Tr8d• creditors are obligations lo pay for goods or services that have been acquired In the ordlnary course tsf oper3llons from Suppliers. Amount8 payable are da8sifled as currenl1Sabililies if payment is due wilhln one yèar or less. If not, they are presented as non-currenl Ilabililies. Trade creditors are recognised initially al transaction pr1¢• and subsèquently measured al amorti8ed ¢osl using the effective interest method. Derecognltlon of flnanclal Ilabllltlos Flnandal liabllllle8 derecognlsed when the Charity's conlr8tXu81 obligations exyre or are discharged or Qancelled. 1.12 Employee benefits The cost of any unused holiday enlillement 1$ rèco9nised in the period In whlch the employee'8 services are received. T8milnalion benefits are recognl$ed immdlately as an expense when the Charbty 13 demonstrably ¢ommStted to lermlnat8 the employment of an employee or to provide lemiinallon bonefits. 1.13 Retirement b•nèflts Payrnenls lo defingd contribution Telirement benefit scheme$ ar• charged as an expens• as Ihey fall due. 12- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 tl¢al accounting g8￿Ma￿S and Judgéments In th$ application of the Charity'$ a¢countlny pollcle8, the Trustees are requlred to make ludg8menls, estimates and assumptions about the caTrying amount of assets and liabilitiès that are not readily apparent from other sources. The estimates and associated assumptions are b88ed on historical experience and othèr factors that are consKlered to bg rg18vanl. Actu81 re8u118 may differ from these eslimg19$. Th8 8Stimats8 and underlying assumptiong are revl6wed on an ongolng basis. Revisions to 9¢￿￿n11n9 estimates are recognlsed Sn the perfod In which the estimate is revlsed where the revi8lon affects (￿lY that period, or in thè perl¢d of the revision and future periods wh8ro tho re￿$son affects bc*lh current and future perlod8. Incom• from donations and lagacl88 Unrestrlcterl Unr•8trlctsd funds fund8 2025 2024 Donallons and gifts 10.488 10.250 Inv6stm8nts Unrg$trlctgd Endowmont funds fund$ gon8r81 2026 Total Unrestricted Endowment nds funds general 2024 Totsl 2025 2025 2024 2024 Rental income Income from Ilslad Snveslments Intsrest 30.250 30,250 30,192 30,192 100,519 100,519 331 89,247 89.247 410 331 410 30,581 100,519 131.100 30,602 89,247 119,849 13- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Oth8r incom• Unr8strlcted Endowment funds funds general 202S Total Unre8lrl¢ted Endowment funds fund8 gener81 2024 Total 202S 2025 2024 2024 Released from Unapplled Total Rglurn Other Income- Sn8urance clalm 145.000 (145.0001 135,000 {135,0001 21.662 21,662 R•islng funds Unrestrlctod End0￿rynent funds funds general 2025 Totsl Unro$trSclgd En¢Jowm&nl funds funds general 2024 Total 2025 2025 2024 2024 Investment management fees Support co￿8 316 5,741 13,182 13,498 5.741 704 5,475 29,344 30.048 5,475 8.057 13.182 19.239 6,179 29,344 35,523 Expenditure on ¢h•rltsblo a¢tlvltlfjs Unrestricted Unrestricted Funds Funds 2026 2024 Dlr8Ct costs Grant funding of aclbvilles (see note 81 133,708 130.256 Sharg of support and govèmanco costs {see note 91 Support Govemance 44,728 19,017 35,194 8,198 197,453 171,648 Analy¥l¥ by fund Unre81ri¢ted funds 197,453 171,648 14- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Grants payablo 2026 Boxgrove Prlmary School Burpham Primary School Christs College Gèor￿ Abbot School Gosden House School Guildford County Sd)ool Guildford Grtsve Holy Trlnlty Junlor School Kings College Merrow C of E Infant School Merrow JuniL>rs {previou51y Bushy Hlll} Northmead Junior School Onslow Infant S¢hool Pewley Down Infant School Queen Eleanors Junior School Sandfield Primary School St Josephs St Thomas of Canterbury Catholic Primary School Stoughton Infant School Weyfield PTimary Worplesdon Primary Sl. Pelerfs Shared Church, Stoke Hlll- Youth Café and Youth Group Oakleaf Enlerprise-Art for Wellbeing Surrey Care Trust- Swingbridga Communlty Boats.. Endaavour, Tranquillity and our boat Maggie G Guildford Shakegpe8re Company- Put Up Your Swords- Knife CrimeAwareness Prole¢t Homevstart Guildford, Bellfields and Slyfield Farnily Support Group {Haz8lAvanuo1 I Choose Freedom- RAFA- Refuge Accommodation ForAII. Church HDmele89 Charity- personal support grants for homel9$8 People number 5, V8uohan House and St Sawours SW Surrey Refuge- Move in. move out grants fttndlng Guildford Towen Centre Chaplaincy- Community Angel8 Halow Project- Quarry Street Hub for Halow Project Canterbury Care Centre- Drop in Centre Assistant M8nager South Wesl Surrey Refuge Happy Christmas Prolecl Surrey Communlty Action Support for Good Neighbour Schemes in the GuI￿rd Ar88 (Carg for Guildfordl TALK Surrey CIO- Running Costs of the TALK Guildford Aphasia Support Group Sl John's Communlty Support IsJcsi DI￿bIlItY Ch8llènger8- Challengers Gulldford Play and Youth Schemes Energy Managè- Guildford Energy Support Scheme Thè Elkon Charity- Funding towards the conlinualion of fha youth Support Practilloner Programme. Kings College Guildford The Aggie Youth Club Dose of Nature- Training Volunl¥•r Nature Guides in Gulldford to help the local c£Jmmunity manage their mental health CHIPS- Exw&s8 yourself and CHIPSI Georg8 Abbot Carers Group 2024 grant 850 710 3,530 3,780 340 2,390 2,060 3SO 3,300 230 350 1,400 230 260 580 800 760 340 880 1,390 120 550 3,500 2,500 5,000 6.000 7,500 4,000 4,000 7.000 3,000 6,000 600 475 1,800 2,500 2,500 5,673 5,000 5,000 3,000 7,500 1529) 15- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Iconllnued) Grants payobl• Total 107,219 26,489 Totsl Grants Payab 133.706 16- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Support costs Support Governance costs costs 2025 Support Gov&rnanc8 Costs CO818 2024 Staff ¢0$19 Office admlnl8lrative expenses Office expenses Repairs and renewals 35,692 35,692 33,316 33,316 4,538 4,239 6,000 4,538 4,239 6,000 3,609 3,937 11941 3,609 3,937 11941 Independent Examination Accountancy Prior year under accrued accountancy fees Legal and prof888ional 3,705 2,415 3,705 2,415 3.528 2.394 3,528 2,394 2,347 10,550 2,347 10,550 277 277 50,469 19,017 69.486 40.668 6,199 48,867 An8lysad between Fundraising Charitable a¢tfvhles 5,741 44,728 5.741 63.745 5.475 35.194 5,475 41,392 19,017 8,198 50,469 19.017 69,486 40.669 8.198 46,867 Governance costs includes paym8nls of £8,120 12024: £5,922) for acwunlanw and tho Independent examination fees for the year. 10 Net movomont In fund8 2025 2024 The net movement in fund8 18 slated after chargingllcredlllng}: Fees payable forth8 ind6pondw)1 gxamlnali¢n of thg ¢harily'$ financlal $latement$ Dèpreciation of owned tangible fixed a&8el 3,705 153 3,528 11 Trusteos None of the Trusl6ès lor any per8on8 ¢onne¢tsd ￿th them) received any remuneration or benefits from thè Charity durfng the year. 12 Employe89 The average monthly numbor of employees durlng Ihg year wa$.. 2026 Numbgr 2024 Number 17- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Employe Icontlnuodl Employmènt costs 2025 2024 VK(gges and salarlos Other penslon ¢08ts 35,C60 632 32,709 607 35,692 33.316 There were no employees whose annual remunèrallon was mom than £80,000. 13 Galn$ and lossos on Inv8slmonts Endowment Endowmènt fvnd funds 2025 2024 G81n8lllos$esl arising on.. R&v8luation of investments Revaluation of inve3lmenl propttrtle8 157,186 165,874) 228,763 161,2601 91,312 167,503 14 Taxatlon Tho charity is exempl from taxatlon on ils activllle8 b￿￿89 all118 Income 1$ applled for charilable purpose8. 18- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 15 Tanglble flxod assots Fr8ohold land •nd buildlno5 Computprs and offlce e4Liipmbnt Total Cost At 1 January 2025 Additions Itnpalmienl 48,319 1.570 1,104 49,889 1,104 17,12e) (7,126) Al 31 Decembér 2025 41.193 2,674 43,867 Doproclatlon and Impalmient At 1 January 2025 Dapr8aation Charged In the year 1,570 153 1,570 153 At 31 December 2025 1,723 1,723 Carrylng amount At 31 D8cemb8r 2025 41.193 951 42,144 At 31 December 2024 48.319 48,319 16 Invostment propgrty 2025 Falr valuo Al l January 2025 Not galn¥ or losses through fair value adjuslmenls 496.681 {65,874) At 31 Decembar 2025 430,807 Investment propety brought forward Includes two road8 with a Trustee valuatoon of £25,00012024,' £25.0001 each. In 2014 the Truslees reconsidered this valuation of th6 Ir&8hoid inv8slmenl$ aftor ¢onsulling people Imlh appropriate skills and confirn)ed that this notional v8lu& r6m8ln8 approprfale. Invostment Property also comprises of the proportion of fraehold property which Is ¢urrent¢y being rented lo third parties. The fgir valuo of th6 Investrnent property has been arrived al on thè ba815 of an offer reegived post ygar end. 202S 2024 Freehold 430,807 496,881 19- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 17 FSxad 8$$•t Invo$tm•nts Llst Inv•8tment8 Cash In porttollo Total Cost or v#luatloD Al 1 January 2025 Additions Unrealised I realised gains Ilossesl Disposals 4,253,920 4,186,282 157,186 14,303,433) 7,401 61,591 4,261,321 4,247,673 157,186 14,303,433) Al 31 December 202S 4,293,955 68,992 4,362.947 Cgrrylng amount At 31 Decerllber 2025 4,293,955 68.992 4.362.947 At 31 Decamber 2024 4,253,920 7.401 4.281,321 18 Debtovs 2026 2024 Amounts falllng due wlthln one year: Prepayments and accrued incorne 1,OSO 1,914 19 Crgdltors: amounts falllng due wlthln ono year 2025 2024 Not•$ Oeforred in¢omo Other crtrdllors Accrua18 6.917 15.000 7,039 15.000 11.621 26.621 28.956 20 D￿tIr0d Income 2026 2024 Other deferred income 6,917 Deferred income is included in the financial slalements as follows.. 2025 2024 OefeThed income is included within.. Current Ilabililies 6,917 Movements in the year.. 20- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 20 Dgforrod Incomg Icontlnufjdl Deferred income at 1 January 2025 Released from previous periods Resources deferred in th& year 6,917 18,917} 6,917 Deferred income al 31 December 2025 6,917 08ferred income relates lo rent received in advan¢e. 21 R•tlr¢m•nt b•nofit $¢home• 2025 2024 Dgfinod contrlbution s¢hom•¥ Char9e lo Stslement of Flnanclal Act(vllle8 In respect of deflned conlrlbulit)n Schemes 632 607 The Charity operates a deffined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund. 22 Endowment funds Endowment funds represent assets which musl be held permanently by the ChaTily. Income arising on tho endowment funds can be used in accordance with the objects of the Charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund. At l January 2025 Incoming re$ource$ Resources expendad Gains and Iosso8 At31 D•¢&mbèr 2026 Permanent endowments The Poyle Charity 4,766.218 144.481} 113,1821 84,186 4,792.739 Prèvlous year. At 1 January 2024 Incomlng Resources rosources expended Galns and losses At31 DecOm￿r 2024 Pèmianont endowmonts Thè Poyle Charity 4,667,550 (45,7531 {29,3441 173,763 4,786,218 -21- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 23 Unr08trlcted funds The unrestricted fvnds of the charity eompri8e thè unexpended bal8nc88 of donallons and grants which are not subj$¢l to 8pe¢ifi¢ condillons by donors and grantors as lo how they may be used. These Indude designated funds which have been set asid& out of unr8striet8d lunds by thè tru8tee$ for specific purposes. At 1 January 2025 In¢omlng Resources 'fOsourcos 8xp&nded At31 Docembtrr 2025 Goneral funds 49,593 207,731 1203.510} 53.814 Prnvlous year: At 1 January 2024 Incoming resources Rgsources axpèndèd At31 December 2024 General fund$ 51.568 175.852 {177.8271 49,593 24 Analysls of net 4$8•ts bèt￿8￿ funds Unrèstrieted EndoYm7ent fund funds 2025 2025 Total 2026 At 31 D•egmb•r 2026: Tangible 88$ets Investment propertle8 Investments Currant a8sèlsllliab115ues} 42,144 430,807 4.320.739 1951) 42,144 430,807 4.362,947 10,655 42.208 11.606 53,814 4,792,739 4,846,553 Uhrestricted Endowment funds fund8 2024 2024 Totsl 2024 At 31 December 2024: Tanglble assets Investment properties Investments Current asselslOiabi11118sI 48,319 496,881 4,221,218 48,319 496,861 4,281,321 9,488 40,105 9.488 49,593 4,766,216 4,815.609 -22- GUILDFORD POYLE CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 25 Rèlatod party transactlons During the year to 31 December 2025 theTe were legal fees lolalling £10,004 paid to an organisatic￿ al whlch the Irusteg. John War¢hus, 18 an employge. In 2024, a grant of £5,931 was awar