2021-03-31-accounts

R•giSt•rèd numbor. 07931728 Charity numtxr: 1146481 The Kenward Trust (A company limited by guarantee) Trustees. report and consolldaled financial statements for the yoar ended 31 March 2021 lllllll th￿&Ju8)I2. 2111212021 COMPANIES HLWSE A15

Tho Kenward Trust ' IA cornpany Ilmited by 9￿m￿t•0) Cont•nts Relerenc• and admlnlstrativ• delails of th• Charlty. Its Tntst••s and advls•rs Trusts•s' rnport 3-12 Independent auditorfs report on the financlal stalements 13-16 Consolldat•d stat•m•Tht of finaneSal actfvltl•s 17 C¢)n$olldot¢d b•lan￿ $h¢el 18 Charity balanco sho•t 19 Consolldated sLitement of cash flows . Notes to the financial staternents 21-48

The Kenward Trust ' {A ¢ompany limlted by gua￿￿￿) Referen￿ and administrativ• delalls of the Charity. its TNsle•s and advlsers for th• y•ar •nd•d 31 March 2021 T￿￿¢¢0$ P Andrew6, Chair of Kenward Enterprises P Brook S Bellon J Elks, Chair of Spirituality Committee Dr. A Jones H Kendall B Langstsff (reS￿ne￿ 23 20211 G M¢)nk A Parvin J Simon {rg$ignod 24 March 2021) S Thomson, Ch8ir of Quality Assurance Committee S Webster. Chair ofthe Finance Committee C Munday, Chair of Board of Trustees (appointed 23 J￿e 20211 A Price {apwnted 24 March 2021) Company r•gisler•d numb•r 07931728 Charlty reglstered number 1146481 Reglsternd offlce Kenward House Kenward Road Yalding Maidstone Kent ME18 6A Company secretary Keith Greenhalgh Chi*f exe¢utive offi¢•i . Penny Williams Ind•￿￿dent auditor Kreslon Reeves LLP CharteTed Accountants Monlague Place Quay3ide Chatham MaTiti"me Chatham Kent ME4 4QU Page 1

Thè Kenward Tru$t IA Company limitsd by guarante•) Rof•r•rico and administrative d•tsil$ of the Ch•rity. its Truslees and athilsors {contlnu•d) for the year endod 31 March 2021 Solicitors Whitehead Mon¢kton LKiuled 72 Kbng Street Maidstone Kent ME14 1BL Page 2

The Konward Trust (A compaThy limited by gu•ranl¢•) Trustees. report for the year •nd•d 31 March 2021 The Trustees present their annual repx)rt together wilh the audited financial statements of ihe Kènward Trust for the year 1 April 2020 to 31 March 2021. The Annual report serves Ihe purposes of both a Trustees. report and a directors, report under company law. The Trustees confirm that Ihe Annual report and finarKial slalements of the charitsble company wmpty wth the ¢urrgnt statLrtory requirements, thg requirements of the charitable companys goveming do¢umont and the provi$i(yn$ of the Statement of Recommended Practice {SORPI applicable lo charilies prepariThJ their accounts in awdance with the Financlal Rwting Standard ap￿1¢able sn thè UK and Rèpublic of Ireland IFRS102} (effective 1 January 2019). About Us Kenward Trust prowdes S￿)pOrt to those affecle(I by addicti￿. hOMe￿S$￿e$S and crime. The Trust was founded in 1968 by Ray and Violet Sinden. a couple tmth a strong Chrisfian faith. The couple's eldest daughter, Olive. was friendly wth a Church Afmy Captain who W0￿ed amoThJst the horne￿55 individuals on the streets of London. Many of them had been sober for some weeks and wshed lo remain in ￿0very, bul there was no place that would gNe them shelter. Ray dec￿ed to tske some of these men home for rehabilitation, but one quickly lumed into three arml their fami in Sevenoaks became ovwuowdgd. The family sold up and purchased tyjr estate in Yahjing. whith 1$ 7where I(en￿rd tegan. From Itw)se mcwjest beginnings. the Trust today takes in around 100 resKlents each ￿ar across five buiklings, as well as reaching hurKlredsJof young pe￿e through preventi￿ inib'atives and helping others with advice and support. Why our work is important Al Kenward Trust we provide a breadih of services. all with the aim of helping support those with addiction issues to transform their lives and create new futu￿5 for themsefves away from their addictions. Our Work centres upon giving peO￿e the opportuntty to change their lives and reach their fvll potential. and with a success r81io of 73QA out Wofk is su¢¢essfvl for the ¥asl majority who access rt. Treaknent for al¢ohol-related injuries is &stimated to cost Ihe NHS £3.5 bdlion per ￿ar.• There were 1.3 mdlion hospital" alknissions related to ￿COh￿ wi 2019. vthich equates to 3,600 admissions a day.2 There were 4,393 deaths reLAting to drug poisoning in 2019.3 Referer￿s. 1 https..Ilwww.ennd.nhs.ukT20191011nhs-kyy-terTrF4an-ry￿I+p￿0bIèrfvdrinkers-8nd.srnOkerFj 2 https'.IldvJital.nh8.UkJdata-aTrJ-inlonnabo￿pUbIlcal1OnS1slthIlc8u$t3listi¢s￿-alcohov2020Ipart-1 3 http8.'1A￿w.On8.gov.uk1PeopIepOpuL3ltrJ￿andCommunIty1bIrthSdea1hSandmaTrl8gesIde3ffis1buI1ts1Irt￿deathsrela1edtodl JpoisoningineThJl#ndandwalesf2019regr6trations Our w￿•0￿. Mission. Values & Christian Ethos Our Vision." Every irKlividual suffefing *ith addiction issues recwth the support they need to transfom) their lives. Ourths$ion.' To support and empower all indr¥idua15 affected by addKAion and homèlessness so they can transform their lives and create rthv fulum. Our Value$.' Kenward Tntst's values are at the heart of eveWing we do. Open•mindod We are open to new ways of collaborative workiru and beirvj fiexible to meet the needs of the individuals who require our supporL Page 3

The K•nward Trust (A company Ilmlted by guarantee) Trust••$' r•port (continued) for the year •nd•d 31 PAaTch 2021 . Care ca￿ is central to wgrytrung that we do. We are Compassi￿te arwj supwtive within (wr staff team as well as lo our residents. We listen. Every voice ig heard appreciated and aH"of our seThices are jLKl9ement4ree. Empowemiene We empowgr all Ihal access ￿ fun ow seThices n order for them to reach their full Fm)tenIi￿. Education Being inf¢ffid and reducing Sligma around addK#iM. homele￿rS aTrJ ¢rirr￿ guides all aspects of our work. Our Chrfstlan Ethos." Our Christian Ethos undefpins the way we help people in clisis. We a¥n to reach out to those are on the margins of sorjety and we believe that dèserves a second thance. Chaimwn - C Munday I took over a$ Chair in June 2021 at an exciting twne for KenwaTd Tnjst. The team are to be commended for théir diligence during the pandemic and have not just survived but d&ve￿Fed tho chawity to meet the changing needs of our socièty. Tlws sector has struggled wilh lack of fijndmg for a decade bul KerNRrd Trusts innovative development of services from alpaca walks to repurposing the accommodation to meet the needs of new diènts such a$ the homeless has been e￿ptIonal in terms of its own financAal recovery. I look forward lo the nexl ￿ar wth the Tnjsl. l(K)king to ￿ the deVelO￿ents we are making come into fwition. CEO. P I￿111•￿$ 2020 year everyone will remember. The new ffinancial year for Kenward Tfust. started in knckdown and the team worked tirelessly. adopting new safety protocds and fiexible I￿rking practices. Kenward P￿￿e, incorporatirKJ, Sage & Time Café closed for business, along ￿ the conference centre. alpaca.walks anrj f￿r￿raIsing events. The business plan was focused on seif-funders for slage we. the Move On Properties and building upon the increased revenue from Kenward Enterprises. The chan9ed w focus lyjl we have been Ilexible and developed around these challenges. Rengaging rrtore alcohol and dwg units in councils. 9ovemment funding to keep more people safe when Ihey We￿ homeless and running an effiC￿nt quaranline meant we actually saw numbers increase in Stsge One. There was an increased demand for Move On accommodation and fortunately having sold Portland Road. Gravesend property in January 2020. the Trust coukl invest in developing the Uckfield property to be home for 15 residents, from 7 previousty. to meet this demand. Strategically, thÉs was an impctsnt step for the Trust. and lookj'ng forwards. the is to expa￿1 our Move On [￿lI01￿> in th* Easl of K￿l Flexibility has been key during this year and moving forwards it wll be a continual theme. Utilising our property ' and skills to meet more needs and engagement more rjjsto￿s to ir￿￿aSe our income. Development of services and income streams in each of our seryices is key to luture consistency of profit and growth. with tho overall aim of investment in rr#)re propertie5. l arn proud of the team al Kenward Trust and look fomaryj to our continuod growth and success into the néxt few . years. Page 4

The K•nward Trust {A Gompany Ilmited by guarantee) Truste¢s' report (continued)" for the year ended 31 March 2021 Residential Rehabilitation Kenward's Therapeutic Community offers rehabditalion to Ihose suffering wilh addiciLm to drugs and a1￿h01. We use the .￿coVery model. which enoxjrages the indiwdual to tske ￿Thtro1 oftheir life and how they experience it. We do this throu9h empowering and edu¢atir¥J our residénts to equip them ￿th the skills they need to be able lo transform their own lives and ¢reate their futu￿ in the Community vthilst remaining in recovery. Our programme offers groups. Therapeutic Gardens & WorkstrK)ps. lrfe skills. psythoeducation. coping mechanisrns. relaxation. spirituality, meditation. key wothing, Cl￿ns￿lIng and optsonal aspects of fellowship. This year has been incredibly ¢hallenging for us. as it has been for the entire charilabie sector. The maprrty of our residents are al high risk for the coronawrus so keeping the viws off our site was vital in maintaining our high l&vel of ¢are. Fortunately V managed this due to the hard work of our dedicated stsff team implementing an isolation block for new admissions and testing all staff and residents Toulinely. The main aim we continue wilh for the next ￿ is keep￿￿ our o¢cupanc¥ levels at a sustainabl• 18vel for th• future and reaching mcffe self-funded dients for whom we re¢eive a higher weld that helps to support the ov&rall running costs of the Trust. We have developed ￿1r gym for the ￿Sidents this year thanks to grants from The 81akemore Foundation and Ihe Peter Harrison CharitstAe Trust. which ha$ bean so bèneficial in helping our residents improve their phy6ical health. which in tum helps improv• their mental wellbeing. Next year, we would like to re-develop our edu¢aticmal offering for our residents to help them become job ready, and provide further skills lo help Ihgm in their new live$ in reco￿. This year we helped transforni Ihe lives of 96 indmduals affected by addiction. 70% of those who accessed our service needed support with their alcohd use. Over 11S of our residents had a housing issue upon arrival Ihat could affect their recovery Or￿ leaving our 5erwces. Wy name is James. I have been wrfh the Kenwarf tnlst for four monfhs now. I was homeless and under the inft1uen￿ oldnws and alcohol. and felt like I had nothing to INe for. Now l am four months clean and sober. and feel like there is a firture. They not onlyprovided mo ¥wih help and support. Bul also wilh kindness. Irust and a great fftendsthp which has p￿￿ed me up and guided me to a betterfirfuro. l Continue to better myself every day. and feellike I have hada new start. I thank all the staff for their time and support. And now look forward to the rest olmy lrfe". James ￿g91￿$ . Day Trnatment Kenward Trust's day treafment offers fiexible. confidential. and affordable support lo Ih05e affected by addiction lo alcohol and dwgs. This servtce was origirkilty created as we understand that rKJt everyone needs access lo our rehabilitation seNce will be eligibte for statutory fundir4J or be able to afford to fund their stay private￿. Additionally. running this service fiexibly. by t￿lh running it via Zoom and in person, and at limes that are convenient for the benefiuaries means that we are able to help more indivKluals who otherwise would f811 through the net of support available. We were originally due to launch this project in March 2020. but the pandemK caused us lo have lo ￿*Valuate and adapt origirtal plan lor the seTvi¢e to be exdusNely remote and greaty restricted our marketing for this service %wthin the ¢ommunity. We still manage to prowde our support for a few individuals within the first few month5. bul since then our ¢ounsellin9 has bewne vèry p¢wlar and the rest is growing. This has been a challenging year for this service to have launched. bul V are posit￿ that given the chance it wll grow lo be incredibly successful and help to i¥e of the defi¢il in incoff, whilst helpN¥J us continue supporting those affected by addicti¢￿. Page 5

Tho Kènward Trust IA eomparty limlted by guarantee} Tmstse$' r•port (continued} for the y•ar ended 31 March 2021 Another service we added to our Day Treatrnent offering Ihis JEar is our Friends. Famity 8 Loved Ones support group which is free and runs wa Zoom VAth a member of our expert team. This is a seThice we are incredibly paS￿onate about after hearing from the family Ir￿MberS of those WIKJ are affeded by addiction calling Ihrough to us for many years. Ajthough this seNice brings us in direct inwme. we bdieve it will raise awareness of the Tnjst as a centre of excellence in Ihe addiction field. and also potentially bead to more referrals to our other se￿ICes. Resottlomont Kenward Trust's ResetNement projects Offe￿ supported ac¢ommodalion to Ihose are abstinent and wanting to conlinue their recovery inlo the community some further s￿[￿rt. We offer ts¥o supported resettlement projects. Kenward Lodge. and Move On hrAJses across Kenl and East Sussex. Kenward Lodge takes in homeless indMdu81s who struggle to a¢¢es$ community drug and alcohd semces due to having a lack of accommodation for up to 12 weeks. This can then flow through to our Move On accommodation which offers longer-term support of up to Iwo yèars where offer regular 6UPPOrt from their ka￿Orker. but encourag8 re￿dents to become active in the community thrO￿Jh volunteering and linking in ￿th recovery groups availabl8 in the area. We find that our residents benefit from Imng amongst a group of peers. drawing strength and support from eath other. and reduung the dangers.of isolation. Our Resetllement projects help to sustsin recovery and relntegrabon into th$ community as independent ￿1vIduals. This year our Move On acC￿￿modatIOn h85 proven to be more important and impactful than possibly ever before, with our serwce providing our beneficiaries a safe. Covltkfree environment during a particularfy difficult part of their re¢overy ioumey. WÈ have managed to keep our residents safe this year and expanded our accommodation al U¢kfi8ld alongside improving the outdoor areas thanks toia grant from Nationwide. The pandèmi¢ was particularty diff￿1t for resident5 of KenwaTfl Lodge as our main aim for thi$ project is to encourage them to engage more with the community. which was not available during lockdowns. Therefore. we have been working on developiw our offeriNJ lo the residents of this project to ensure'lhat they are receiving additional support from us to asslsl them in their recovery. Our main aim for nexi yw is to gain more accomrnodats)n for Move On projecL and therefore be able to help more individuals. and also increase our revenue. This ￿ar we lost one of our properties in Gravesend. but gained one in Canterbury, whKh is prowng to be more Fwlar for our restdents. so looking for additional properties around Kent wll be hLKJety benef￿la1. Additionally. we want to work on our educational offering for our residents lo help thèm become job ready once leaving our seNce. This year we have helped 31 indrwduals by p￿dIng safe, secure ac¢ommodatiDn and Supp￿ to help them continue their recovery in the cornmunity. -Due to my alcohthlism I was in need Ofprofe￿19naI help and Kenward was found for mg w8 Live Well. I h8Ve h*d bad gxperiences in the past with rehab and was apprehensive. However. Kenward Lodge exceeded 811 my droams. Everyone was really helpful and the staff have been amazing. Us r¥&dents grs all in the same boat and that has been helpful. In my opirith, rf has been more l)engficial than ￿Mil￿91he lthry. I have a start of a new life. The transition lo the move on was easier than l th0￿h1. W& 811 have our bad days but moving on has been a good experience. Ilyou are off8rt1 Ihe tjpportunity. dony be a fool. grab it with both hand&-

The Kenward Trust IA company Ilmited by gu•ranle• Trnstees. report (continued tor th• Y•￿ end•d 31 Mar¢h 2021 Gary Chandl•r Youth Work Our Youth Team works closely ilh ed￿al￿￿ sekngs as well as I(￿1 authorities to provide education. infomiation and early interventKJns to young people abc￿ ihe risks assoaated with drugs and alcohol. The overarching aim of the project is to ensure that srjurvj FeOFAe are fully informed on all areas surrounding . substances so Ihey can make their own ¢ho￿eS in the future. The pandemic put a strain on this project as sthools and other educational settings rem8ined dosed during large portion5 of the year. Our outreach semces however. conts.nued throughout the entire pandemic. with our team being one of the ¢￿[Y groups ￿ntinuIng to provKle support throughout. Due to this. wo furfoughed our Think Drfferenuy team during the first lockdown and then brought them back vrilh the schools beginning to re-open. We adapted quickty from there, offering online sessirms for pupils as weil as in person sessions with proper prgcautions taken. Additt￿a1ty. thanks to fundiry from KCC we were to begin Cascade Training in schools in S&venoaks and Tunbridge Wells, which invofves students in years 12 and 13 taking part in our sessions, before teaching their learning lo )￿ur￿jer pupils. This has pro¥8n to be irKredibly successful and we are very pleased lo have received such positive feedba￿. We released our film. arHI leaming rosource to 161 odu¢alional settings auoss Kent for freo thi$ y8ar due lo grants from colyer-Fergus￿Jn. Kent Communty Foundat￿. Henry Oldfield Trust and Gibbs Lahdler. The feedback we have received has been very posibve and next sear we hope to be able lo sell Ihis resource further afield and bring more of a profit to the Trust. Next year we will k￿k into these seThices and htr they we priced. to ensur8 that they are contributing financially back into the Trust, and hel&Nng alleviate their own overhead (tsts. Moreover. to help ￿a¢h this goal. we will look into more Trusts and Corporates wll be wlling to fvnd our work.wilh young people across the South- East. iorM of sludents said Ihey were move lknly to avoid risky behavrours ènd situalions regarding alco1￿1 and substance u$e folowng a Think Differenty session. .1 just wanted lo say Ihat the presenlation... was amazing. In my 20 yeats at this Sch(￿1, I have seen some excellent pTrsentalions but Ihis one was outstanding. tt was very obvious Ihmtsgl￿trt that th$ skndgnts were captwated byhis story and hwfvlfy Ihey will take onboanl all thothe hod to say." Kenward Pla¢0 Kenward Place is the commercial ente￿rise at Kenward Trust hew to raise WOTlhwhI￿ funds for the charity. It does this through our conference rwms. alpaca experiences. archery, disc goff. and away dayE. During the pandemic we had to dose Kenward Place. so we took this opportunity to evaluate the running of the enterprise to keep il as safe as possible for our staff and residents during the pandemic, an¢J' also more financialty sustainable in the long lem. To achieve this. we look the decFsth to create an e-commerce element on our website to make booking the actiwlies wrth us dwedy more effiuent. and made the sile inaccessible unless SOTneone has we￿OOked wth u5. These changes have made a sJgnffi¢ant wnpact on (￿r fin￿¥1 viabilty. and going forward. we are looking to build on our offering lo the public, ensuring that we have the facil￿"e$ and ￿$OurCeS available to grow. and the￿f0￿ support the charity more effectively. This wll in￿￿e introduclng aftemoon teas and deveksping our grounds to be able to implement a membership system for those want to make the most of our fifteen acres. Page 7

Th• Kenward Trust {A company limited by guarantee) Trust•¥$' report {¢ontlnued for th• y•ar •nd¢d 31 Ilar¢h 2021 We intend lo contact more corpofate groups to support Ihe Trust through Kenward Place in our marketin9 plan. through inibalives such as adoptin9 us as their charity. general fundraising. or corporate drug and alcohol training. This t()Ih helps raise additional funds to support the charity. and links the messaging from the Trust through to Kenward Place. -1 have just returned home afterspending the day ￿th my friend and our 3 ¢hildTrn, afterdoing archery and disc gom with you and felt the need to wnte to tell you what an amazing day we all hadl The booking process was mple and communiCat￿n...waS good. (Our instrucfor) kepf the momentum going and made it fvn. 8$ well as leaching us about safety and helping us ￿ our technique.- Our Hlghlights in 2020121 Keeplng oursite COV11%19 fr This year has been incredibly drfficult. and wilh our residents being at a higher risk of contracttng the virus, we are incredibly proud that due to our staff and volunteers dedication we have kept our residents safe. through the development of an iscAakn area at the Barn. Developlng Uckfi•ld We made the decision lo develop our Move On accommodation at Uckfield lo Increase our capaiity from 6 bedrooms lo 15 to keep up with the increase in demand. This has been very successful and w8 are very happy th tre re￿ry communrty tha¢ has been ¢xeated there. Contlnulng wlth alpaca walk$ Kenward Place is very important in hel￿Thj to fundraisa for K8nward Tmst. so having to close it throughout th8 pandemic had a big impacl on the Trust. We are proud however. that as soon as it was possible we managed to safely re-open tyjr alpaca experiences and began generating income to support the charity throughout this difficult peri￿. Kenward Place is an important element of our marketing strategy, helping to raise awareness of the Trusys work. Gym Due lo severe weather last year. our gym flooded. whith was a big blow to our residents as improving their physical fitness is very important in recovery. We spent time this fixing the building. and thanks tr) grants from Peter Harrison Charrtable Trust and Bl&kemfft Fcmjndation we purtha5ed new.equipment for our residents lo use also. Our Strat•9ic Alms for 2021r22 Gmwth Our Resetuement I￿0￿¢1 is hug berfwl for residents. giving them the chance to acdimatise to Iheir new lives remaining in recovgry. One of Ouf properties leased in Gravesend ¢ame to an end this year. which we replaced with another property in Canterbury. We are very keen to expand on our propety FK)rtfolio and into the East of Kent. enabling this projecl lo be ab￿ to provide support to more rndivlduals it) need. during a difficult period of iheir rernvery. INe hope to expand our ￿￿101￿ and ￿￿age ￿th I￿re agenoes for referrals. Sustainability We have made swnifficant pn)gress in improVw￿ finawal sustainabilty Ihis ￿ar. so looking to build upon this progression nexi year wdl be key to ensuring Ihe longer temi vkibility of al of the seThi¢s that Trust provides. Progression We have received a grant from Kent Communty Foundaticm to IMp￿ment a case management system for our clinical loam. Moving fomard we belve it is wtsl that we move away from paper and onlo online reporting which 11 make our team MO￿ effluent. Addrfionally. our fo¢us wil be on improving our sorvices and value to our clients and documenliNJ ¢wr progress. Development ' Increase our offering to our residents through the formation of an. education block and building on our programmes wll be very imwtant to ensuring that our residents gèt the most out of our programme$, and ensure they have the best possible start ￿ thew recovery p)umey. Page 8

The Kenward Trust IA company limited by guarantee) Tru$tees' report {contlnu•dl for the year •nd•d 31 Mar¢h 2021 Flnan¢lal r•vl•w Prfrpandemic the Irust anlicipated a break-even tradi￿ posthn the 2021 financial year. The panrjemic impaded our revenues, bul we still managed to increase ￿VenueS over the prK year- and lo further cut costs. The shortfall in antKipated revenue meant that Ihe Trust had an operats'rrfj loss, but 35% less than the prK)r year. A revalLtation of our 2 smalor Mo¥frOn h(wses redLKed U)e coeratir8 ktss by a further £216,250 - an overall loss redudi¢)n of 80% on the prior year. The remaining main sites al YaK1ing and Uckfield will be revalued as part of our Loan.Facilty requirements in the 2022 A¢¢ounts. We anbcipate this revaluatK)n will result in a further significant revaluation gain. During the year we sold our property in Gravesend to allow us to iwest in arKI oxpand our Move-on facilities in Uckfield. the remairKler of the funds were used to improve our facilities on thfr main Yalding site and for cashffl¢)w purposes. The extra capacity has started to drive increases in revenues in the 2022 Financial year. The Trust has a knig4erm Business from Urmty Tn￿1 Bank vtho continue their supwt and beI￿ve in our recovery business plan. Despile a strategy of carefvl cost control and develcying new income streams, the Trust is still likely to make a further, redu¢ed operating k)5s in the 2022 Financial Year. {But this vill be off5el by the rev8lualion gain mentioned above). We now antiu.pate a a small profit in the 2023 Financial Year. Total income for the was £1.464.188 <2020.. £1.349.4471. Thks is * incwse of £114,741 cornpa￿d to 2020. ' As in the prior year we have had a strong fc￿ on cost contrc4 and this year we have manag8d to further reduce overheads. Whilst we are still likely to make a loss in the 2022 Financial year we anticipate that from 2023 onwards we should be able lo generate a surplus gcrfng forwards. Expenditure for the year has reduced by 3°A to £1.787.135 12020.. £1.834.316). and the Charity has net twing resowces before revaluations for the year of £322,947 comwed lo net ¢XrtgoirrfJ rewJrce5 of £484.869 in 2020. The result of this is that totsl funds have defftased to £3,706,940 12020.. £3.813.6371 at the year-end, Comprising £3,701.35812020: £3,775,989) unrestrtded and £5,58212020.. £37,648) restricted. The Balan¢8 She8t s￿)￿S nel cmnt assets of £111,68612020.. £110.598) whth represents an increase on the prior year of £1.088. Kenward belongs to a scheme The Pensws Trust Enty to Ihe defined benefft scheme was dos8d several years ago and now a defined contribution autwirolment scheme is in operatw. The"old scheme is underfunded which means thal an actuarial deficit must be ir￿lUded in the accounts: the provision for this ha$ decreased in the Jtar to £89.827 {2020'. £106.4331. The overall vthhdrawal liability remains much higher, but thi$ will only be thggered rf The Kenvrdrd Trust were to 7Mthdraw frcrfn ts s¢hem* ¢ompl&tety. whi¢h it dogs not plan to do. R•s•rv•$ Poli¢y The Board of Trustees has reviewed the Reserves Polw of th8 Kenward Tru$l with regard to the CharilY$ current operatK)ns and its fulure plans. Particular attention and reference has been given to guidance provi¢Jed wilhin FRS 102, Charty Commission wblications RS3 and CC19 (Charity Reserves and Charities and Reserves, respectively) and Charity commissi￿ GUIdar￿ OG43 (Charity Income Reserves). The Board of Trustges has agreed a reserve5 policy equivalent lo three mMths of salarie5 and on costs. For the financial yew. 1st April 2020 to 31st Marth 2021. this was pr(4ected as £480.c￿0. While our liquid cash reserves have been below this level for the financial year, the Board of Trustees wll continue to be prepared lo $811 one or more of the Charitys freehold properties in order to generate Ihe apFKopriate level of IiquKI funds. Page 9

The Kenward Trust ¢cmpany limited by guarantee). Trustees. report (continued) for th• y•ar •nd•d 31 Mw¢h 2021 Stfucture. Governan￿ & Managem•nt G•v•rnlng Do¢umgnl The Kenward Trust is a charilable company limit&J by guarantee. incorporated on 1st February 2012 and registered with the Charity Commission on 21sl March 2012. The Company took over.delivery of seNices.and ownership of property from The Kenward Trust Fund IcharTty number 265394) on 1st A￿.12012. The Kenward Tnjsl Fund was registered as a ¢hwty ￿ 27th M8r¢h 1973 8rn1 has been g0Vem￿ by ils Tru$l Deed. dated 24th May 1972. On in(x)rporatron. thg lundamenlal elements of the Trust Deed were removed from the Ch8rity Register on 9th January 2015. Therefore. Ihe Charity remans governed by the vision. purpose and Intent￿nS of the founding trustees", as now set out in Ihe Articles. Membership is cpen to indiwdu or oryanisations that appty ts the.Charity an¢J are approved by the Trustees. There are currenlly eteven membef5 (the Directors￿ruStees cl the Charity), each of whom agreedto contribute £10 in the event of the Chèrity wirNJing up. Appolntm•nt of Trust••s The Articles of Association {Artides) prowde that the Board of Trustee5 may be con5titvted of a minimum of three Tfuslees, but rK) more than twelve. For Ihe purposes of the Companies Act 2006, Trustees of the Charity are also t1ire¢tors of the Company. In a¢¢ordanc& ￿1h Ih8 Artid8s. on aprx)intrnent. TTustse$ become members of the Company. Under the requirements of the Artides, any person apF<Jinted as a Trustee by the Board of Trustees must retire al the next annual general meetsng, at which b.me tr apwinlment must bè either ralifieil or terminated. At each Annual Genoral M8èting. Trust8es who have been in offw for 3 ￿ar5 must fetire from office, but may stand for r891oction. Trusteo I1￿￿CtIOn and Training As a Cwe QuJlty Commission ICQC) registered organisalion the Truslees lake recruilment, induction and training of our Trustees very seriousty. Thè Kenward Trust complies with Regulation 5 to ensure that all prospediv8 and exisling Trustees are assessed and Contin￿ to be deemed a fft and proper person to act as a Trustee of Charity. New Trustees undergo an orientsb.on day to brief trm on.. Iheir legal oblwJalion under ¢h8rity and company law, the Charity Commission guidance on pufAi¢ benefrt. arKI infomi them of the ¢ontent of the business plan and re¢ent financial perfomiance ol the Charity. During the w)duCt￿n day. they meet key employees and other Twstees. Trustees are encouraged lo attend on-going. appropriate. extemal trainirKJ events where these will facilitate the undertaking of their role. Orwlsatlon The Board of Trustees. which can have between three and Iwelve members. administers U)e Charity. The Board nomially meets quaterty al￿ the￿ a￿ sub-committees Covering Finan¢e. Business Development, Quality Management and People & Pdicies, which also mpet on a quarterty basis. A Chief Executive ￿ 4)poinlod ty Ihe truste8s io managg the day4Trday operatKJns of the Charity. To facililate effective operations, Ihe Chief Executive has de￿ated authority.. wlhin terms of delegation opproved by the Trustees. lor operational induding finance, employment and programme delivery. Page 10

The K•nward Trust IA company Ilmited by guarant￿) Trustees. report l¢ontinued) for the year ended 31 March 2021 Related Partlets •nd Cooperatlon with Oth•r Organlsatlons None of our Trusteès receNe remunerat*)n cf other benefits from their work the Charity. Any connection bets¥een a Trustee or senior manager of the Charity a respjent. must be tlisdosed to the full Board of Trustees in the same way os any other contraclual relationship with a related paty. In the current year. no such party tran$a¢tions were reported. The Charitys WI￿lty owned subsidiary. Kenwtrd Enterwses Ltd. was es¢aWtshed to operate the social enterprise adivibes. Kenward Enterprises Limited was iriccrfFrfrted on 20th February 2016. . P•y Policy for S•nior Staff The directors consider that the Board of Twstees and Ihe Senior Management Team comprise the key . management personnel of the Charity in charge of directiThJ and controlling. running and operating of the Charity on a tjay lo day basis. Ml Trustees give their lime freety and no Trustee received remuneration in th8 ￿ar. The pay of senKJr stsff is rav￿we￿ from time to time. In the vmv of the nature of th& Charty. the Trustees benchmark against pay levels in othor charities of a similar size. Some senior ts￿nt is retained on a consultancy basis in or£ler lo atlra¢t thè bost people. Fund Ralslrbg Pollcy The charity undertakes furKlraisin9 acknvibes. whi¢h indude fundrai￿ng in the communty, applying to and partnering with companies and grant-gi￿n9 trusts. appeals and organising of events. Our funt1raising activities afe carried out in line wilh Ihe Fundraising Codè of Practi￿ as set out by Fundraisiro R8gulator. No third party.agencies are use(1 to fundraise on behatt of Ihe tharity. Risk Manag•mont The charity ¢ontsnues to enhance and Thprfft iisk managemont systems. The Business Assurance Framework {BAFI was approved by Ihe 8oard of Tru51ees on 3rd Novembgr 2015 and has been used as a goveman¢e tool ever since. The BAF identifies principal risks t(MJelNery of Strateg￿ obiecbves (as direded and agreed by the Board of Trustees for each financkal year}. The document sets out the strategic obJectrv&s alongside a progress summary (monitoring and perf￿¥￿e} and the BAF lrnonitoriTrJ princpal risk5 and SUPF<Kb'ry aclions) for each obj'ective. The BAF is an imwrtant part of our governance pmces5 and provKles a vehicle through whith the Trustee5, Chief Executive. Senior Managemenl Team and Proiecl Managers, as appropriale ￿n.. . Agree and analy3e the Charitys strategic objectiv￿. 2. Identrfy the prin¢ipal risks to achieving thern- 3. Agree necessary actions or establishment ol systems and procedures to mibgale those risks identified., and 4. Implement procedures to minirNse any potential impact on the Charity. in the evenl that the risks malerialise. The BAF is reviewed on a regular basis by the Senior Management Team and then ￿ported lo each of the 8oard sub-committees leach strategic objectNe b￿"ng allocèted lo a sub-committee) on a quarterly basis, before being fomially reported to Ihe Board of Twstees. Extem81 risks lo funding and high committed costs relating to assets have led lo the development of a strategic plan which allows for. and will cOntY￿ to 4low for. the diversification of funding and activity'es.. Inlemal Tisks are minimised by the implementation of [￿cedUreS for the auuwisalion of all transactions and projects and to ensure consistMt quality of delNery for all operatronal aspects of The.Kenward Trust. Those procedures are peitijicalty revwed in order to ènsure that they continue to meet the noeds of the . .Charity. Page 11

The K¢nward Trust IA Company Ilmited by guarantse) Trust•os' report {continu•d) for th• year ended 31 March 2021 Trustws. responslblllti•s sLitem• The Truslees {who are also directors of Ker￿al￿ Trust for the purposes of ¢ompany law) are responsibte for the preparing of the Group Strateg￿ ￿￿K)rt and the finantyal stslemenls in accordance Mth applicable law and United Kingdom (United l<ingi)m Generally Accepted Accounting Practice). Comp8ny18w require$ the Trustees to wepare financial sLerrthts for each ffinancial )Ear. Under company law Ihe Trustees must not approve Ihe finan(ial statements unless they are satisfied that they 9ive a true and fair view of the state of affairs of the charitable company and of the incoming resources and appli¢aknon of resources, including income and expendthjre. of the charila￿e group for that per￿1. In preparing these financ4al ststements, the Trustees are required to: Select suitable accounting policies and apply them consislenty. Observe the methods and principles of the Charilie5 SORP.. Make 1￿MentS and a¢¢ounting estimates that are reasonable and pnjdent, Prepare the financial ststements on thè goi￿ concérn basis unless it is inappropriate to presume that the ¢harilable group VAII continu& in operabon. The Trustees are responsible for kee￿rrfJ adequate a¢¢tyJnling retfjrds that are sufficient to show and explain the group and charitys transactions and disclose wth reasonable accuracy at any time Ihe financial posilion of the group and charity and en8￿& tham to ensure that the financial statements comply with the Companies Act 2006. Th&y are al￿ responsibl& for saf8guarding the assets of the group and hence for taking reasonable steps ' for tho prevention and detection of fraud and Olher irregularr1￿. The Trusiees are reswnsible for Ihe maintenance arKI integrity of the cor[￿at8 and financial informatlon included on the Charitys website. Legislation in the United Kingdom goveming the preparation and the disseMinat￿n of finan¢ial statements may drffer from legislation in other jurisdictions. statement as disckjsure to our auditOVS In so lar as tho Trustees are aware * the time of approviThJ our trustees. annual rep￿1. There is no relevant information. being information needed by the auditor in connecb.on with preparing Iheir report. of which the Chariws audrtor is unaware.. and . The Trustees. havirwj m enquirres of feHow directors arKI Ihe Charitys auditor Ihat they ought to have individually taken. have each laken all steps that helshe is oblyd to take as a director in order to make Ihemselves aware of Wby relevant audit YrfC￿aIKjn and to establish that the auditor is awa￿ of that formation. Auditor .The auditor, Kreslon Reeves LLP. has indicated thwr wllironess lo conb.nue li office. The desvjnated Trustees will propose a mot￿n reappointing the aLKITlor at a meeb.ng of the Trustees. This oport has been p￿Pared in ac¢(ffda￿ wh Ihe FRS 102 and relevant Posi￿n5 of.the Companies Act 2006. This report irh¢orporating the Grcyjp stratesic rewt was approved by Trustee5, in their capacity as company dir¥¢tors and signed on th*'r behabl by. C Munday Chair Dale.. 15 December 2021 Page 12

The Kenward Trnst IA cornpany limited by guarantse) Independent auditorfs r•port to the Members of Th• Kenward Trust Oplnlon We have audited the financial S&￿eMents ol The Kenward Trust (the 'parent Charitable ¢mpanl) and its Subs￿laneS (the 'group'i for the year ended 31 Marth 2021 wthich comprise the Consolidated stalèmenl of financial ath"vits"e$, Ihe Consdidaled balance sheet, the Charity balance sheet, the Consolidated statement 01 cash IIow$ and the rdaled notes, induding a summary ol sIgnrf￿nt accounting F<Jliues. The financial reporting framework that has been applied Hi thoir preparation is appliCa￿e law and United Kingdom Accounting Standards. including Financial Repo￿"n9 Stsndard 102 The Financial Reporb"ng Standard apP￿.cable in the UK ant1 Republic of Ireland, (Unrted Kingdom Generally Accepted Accounting Pracb"co1. In our opinion the financial statements: give a true and farr view of the state of the Group's and of the parent tharitable affairs as at 31 March 2021 and of Ihe Gr(yJp's inwing resources and applicoliw of resou￿$. in¢1￿j1n9 ils income and expenditure for year then ended" have been propety prePa￿d in accordan￿ wrth United Kingd￿ Generally Accepted ArLounling Practice.. and have been ￿￿epa￿d in accordan￿ wilh the requirements ofthe Conyanies Act 2006. 8asls lor oplnlon We conducted our audit in accordance ith Intemattonal Standards on Auditing (UK} {ISAs (UKI) and 8pplicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial staternents section of our report. We are independenl of the Group in accordan￿ wth the ethKal quiremen15 that are relevant lo our audrt of the financial 5tstements in the UnTled Kingdom. including the Finanoal Reporb"rtg Counal's ElhKal Standard. and have luffilled our other ethical responsibilities in accordancè with thes8 requirements. We believe that the audit evidence we h8ve obtained 15 sufficient and appropriate lo provide a basis for Our opinion. Materi•l uncertainty related to going conc•rn We dr8W 8ttentM)n to note 1.5 In the finan¢ial statements. whth indicates that there are a number of financlal rèstraints and issues that the Chanty faces. As staled in note 1.5. these events or condilitsns, along with the other matters as set forth in not8 1.5. indicate that a malefial uncertainty exists that may cast signthcant doubt on the Group's or the parent chartlable compan￿$ ability to C(￿tinUe as a g¢yrKJ concem. Our O￿nIOn 18 not modified . in respect of this matter. In auditing the financial statements. we have conduded that the TfUSte8s' use of the going Conwn basis of accounting in the preparation of the firbancial statements is appropriate. Our evaluation of thg TfUStee4' assessment of the Group's abilty to conlinue to adopt the goiThJ c(fficem bosis of ac￿nting induded.. Understanding the Group's processes and related contrc4s over th? assumptton$ in the going ￿nCeM assessment.. Considering the reasonableness of the projec￿n$ and Ihg appropriateness of the sensitivilies p8rfmed by management: Evaluating the 0￿racY and com*teness of the wojecb￿S. Assessing the disclosures rolatfth3 to goffig ¢on¢em. Our rgspon$ibililies and the resp(￿IbIlitIeS of the Trustees wilh respecl to going ctycem are described in th8 rdevanl sections of this ie Page 13

The Kenward Trnst IA company Ilmlt•d by guarante•) Inde￿nd•Tht audllofs r•port to the Members of K•nward Trust Icontlnued) Oth•r InformatFon The other infom)alion comwises the information induded in Ihe Annual report other than Ihe financial sL￿ernents and our Auditorfs report thereon. The Trustees are reSponsi￿e for the other infoTmation contained within the Annual report. Our opinion on the financial s￿￿eMentS does not cover the other information and. except to the extent otherwise expliciuy stated in our report, we do not express any fom of assurance Wr￿lUSion thereon. Our responsibility is lo read the other infomwkn.on and. in doirwJ so. cfjnsider whether the other infomation is materially inconsistent with the fina￿101 statements or our k[M￿ledge obtsiried in the course of the a￿J11. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to detemiine wthether this gNes rise to a material misslatemenl in the financial statements Ihemselves. If. based on the work we have performed, we conclude that there is a material misstatement of this olher infom￿{10n, we are requyed lo repKNt that fact. We have rKJlhing to report in this regard. Oplnlon on other matters preS¢rIb￿ by tht Companles 2006 In our opinion, based on the woth undertaken in the cOu￿e of the audit.. the information given in the Trustees. report induding the Strategic report for the f￿￿ncIal year for which th8 ffinan(ial statements a￿ prepared is consistent the financial statements. the Trustees. report and the Strategic report have been prepared in accordance with applicabte 18gal reqU1￿Ments. Matters on whlch w• ar• r•qulr•d to r•port by •xc•ptlon In Ihe light of our knowledge aNJ understaThJing of Ihe tharilable company and its environment oblained in the .course of the audit. we have not identified material misstatements in the TNstees' report induding the Strategic report. We have nothing to report in respect of the fo1h)WM￿ matters in relatKin to T•thich Companles Act 2006 requi￿$ us lo report lo you rf. in our opinion-. Ihe parent ¢haritatr￿e company has Th)t kept adequate and suffieAent accounling records, or retums adequate for our audrt have not been received from tjranches not visited by us: or the po￿nt Charitab￿ c(yrtpany financial ststements are not in &3￿ment the a¢countirrfJ records and retums.. or certain ¢J1￿10$￿re5 of Trustees, remUrW8t￿ spe¢rfd by law a￿ not made.. or we have not received all Ihe nformation and etynat￿￿ we require for our audiL Responsibilitles of tru5tee$ As explaingd Ir￿ filly in the Trustees. responsibilitses staternent. the Trustees (who are also the dirertors of the Charitable company for the purposes of company kiw} are résponsible for the PTeparation of the financial slatements and for being satisfied that they give a true and tsir view, and for such inlemal conltol as the Trustees determine is necessary to enable the preparatirfft of fina￿la1 statements th are free from material mi$5tatemenl. wthether due to or error. In preparing the financial staterr￿nts. the Trustees are respon&ble for assessing the Group's and the parenl haritable companys ability lo continue as a gtyng concem. disclosing. as applicable, matters related to going concern arKI using the going concem bags of a¢¢ounting unless the Twstees erther intend lo liquidate the Group or the parent Charitable Company or to cease operatKsns. or have rn realisti¢ altemati¥e t%rt lo do so. Page 14

The Kenward Trust (A company limited by guarant￿) Independent auditorfs report to the IAembers of The Kenward Twsl {continu•d) Audilorfs responsibilities for the audit of the fin•ndal statements Our objectives are to obtain reasonable assurance about the finanaal statemenls as a whole are free from material misststement. whether due to fraud or error. arKI to issue an Auditorfs rgport that includes our opinion. Reasonable assurance is a htgh level of assuran¢e. but is not a guaranteg that an audit wnductg(l in a￿rdance Wbth ISAS (UK) will ak¥ays deted a material misstatement t¥hgn it exists. Misstatements can arise from fraud or elror and are considered matsrial if. individually or iri aggregate. they could reasonably be expe¢t8d to inffluonce the dwsbons of usws taken on the basis of these financial statements. lThegularrties, including fraud, are instances of nonvcompliance with laws and regulations. We design procedures in line with our responsibilities. outtined atthie, to delect material mi5Statements in ￿Spect of irregularities, including fraud. The extent to our procedures we capable of detects.ng irregularrts, including fraud is detsiled bekMT'. Capability oflhe authi in dete¢lmg invgulaniie4 indudry fraud The ¢!bje¢tives of our audit ar& to wjentfy and as$8s$ the risks of matsrial mis$tstem8nt of th? financial statements due to fraud or error: to obtain SUff￿ent appropriate audit evklence regarding the assessed risks of material misstatement due to fraud or error.. and to respond approprialdy to those risks. Based on ￿r understanding of the Ch￿ and sector. and through discussion WTth the Tru51ees and other management las required by auditing standards), we Kjentified that the principal risk5 of non r￿mplianCe with law5 and regulations related to health and safety, ants" bribery al￿ ernployment law. We considered the extent to which non compliance might have 8 material effect on the financial stslements. We also conside￿￿ Ihose laws and ￿gUlatiOnS that have a direct impact on Ihe preparalion of the financial statements $u¢h as the Companies Act 2006, taxation and pensTron legislation. We ¢ommuni¢ated identified laws and regulations throughout our team and remained alert to any indications of non ¢ompliance throughout the audit. Wè &valuated management's in¢ntives and QPF)rtynitse$ for fraudulent manipulation of the finanaal statements lincluding the risk of override of controls). and detemiined that the principal risks were related to posling inappropriale joumal entries to increase revenue or reduce expenditure and management bias in acLounting eslimales and judgemental areas of the finanual StaIeff￿nts. Audit procedure5 performed by the engagement team included: scussions %wth managernent and assessment of kntr•m or suspected instance5 of non compliance with laws and regulations and fraud.. and ChallengirrfJ assumptKJns and judgements made by mèna9ement in its si9nfficant ac¢ountiw estimates; and Perfomiing anal￿1¢81 procedures to Nlentify any unusual or unexrded relationships, including related party transa¢tions, that may indicate risks of material misststement due to fraud.. and Confirmation of ￿lated pa￿e$ wtth marwmenL and review of transactions throughout fv p8riod to identify any pwiously u￿11$dOSed transa¢th?r6 wilh rebated partss outside the ncrfmal of buyness- and RevTew of si9nthcanl and unusual traraclions eval[￿1￿ of the UnderI￿n9 fffian¢ial"rationale supporting the tranSaCtKx￿. and . Idenlrfw'ng and testing jtyjmal entrres. in pa￿Ular any manual entries made at Ihg year end for financial statement preparation. There are inherent limitations in the audit pr￿edureS described above and the further removed non compliance with laws and regulations is from the events and transactions reffleGted in the financial ststemenls, the less likely we would become aware of it. Ajso. the risk of not deteth.ng a material misslalement due to frdud is higher than the risk of not detecting one resutting from error. as fraud may ￿Volve deliberate ￿rbcea1rn8nl by, for exampl8, forgery or intentional misrepresentations. or Ihrough collusi¢Jn. Pa9e 15

The Kenward Trusl IA company limlted by guarante• Independent audltorfs report lo the M¢mbws of Th• K•nward Trust {conlinued} As part of an audit in accordance wilh ISAS {UK). ￿ exercise kyofessional judgement and maintain professional scep￿￿'sM throughout the audit. We also: Identfy ar￿ assess the risks of material rThssWement of the financial stalements. vthether due tcs fraud or error, design and perfomi audit procedures responsive to those risks. and obtsin audit evidence that is sufficient and appropriate lo prOv￿e a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resubting from error. as fraud may involve collusion. forgery. intentional omissions. mi5representsts"ons. or the overrKle of intem81 Control. Obtain an understandirKJ of intemal u)ntrol relevant lo the audit in order to dest9n audit procedures that are appwpriate in the arcumstances. but not for the purpose of expressing an opinion of the effectiveness of the charitable companls intèmal control. Ev81uate the approprlateness of a¢¢ounting pdicies u$8d and Ihe reasonableness of accounting estimates and related disclosures made by Ihe Truslees. Conclude on the approprial¢ness of the Trustees, use of the going basis of accounting and. based on the audit evidence obtained. wthether a material uncertainty exists related to events or conditions that may ca51 significant doubt on the charitable compan￿5 abilTty to c(x)tinue as a going concem. If we ¢on¢lude that a material uncertainty exists. we are required to draw attention in my Audilorfs report to the relaled disclosures in the finanaal statements or. if such disdosures are inadequate, lo modrfy our opinion. Our conclusp)n$ are based on Ihe audrt evidence obtainèd up to th& date of my Auditorfs report. However. future events or conthtions May cause the charilable company to cease to c￿ntInUe as a going concem. Evaluate the overall presenLition. slructure and content of the financial statements. including the disclosures, and whether the financ41 statements represent the Under1￿￿9 tr￿￿8¢bOn$ and events in a manner that achieves fair presentation. Obtain suffic4enl appropriate audit evmlence regarding Ihe financial infowrnation of the entibes or business activities wthin the Group lo express an opinion on the ¢onsolidaled financial statements. We are responsible for the direction, superwsKyn and performance of the Group audit. We remain solely responsible for our audit opinion. We communicate wilh those char￿d wilh governance regarding. among ottw matters. the planned scope and timing of the audil and significant audit r￿lIng$. Ind￿Jing any significant deficienLaes in internal control that we identify during our audit. U$• of our report This report is m*Je solely to the Chwiiys trustees. as a ￿y, in accordance wtth Chapter 3 of Part 16 of the Comp8ni8s Act 2006. Our audit work has been undertaken so that we might state to the Charitys trustees those matters we are required to state to them in an Auditorfs report and for no other purpose. To the fullest extent p&miitted by law. we do not accept or assume reS￿nSibIl￿ lo anyone other than the Chanty and Its trustees, as a body. for our audit wo￿. for this repoTL or for the opinions we have formed. CF Susan Robinson BA FCA MCMI FCIE DChA {S•nlor ststirtory audltor). for and on behaw ol Kreston Reeves LLP Chartered Accoufitsnts Stslulory Auditor Chalham Marits'me ' Dale.. 16 December 2021 Page 16

The Kènward Trust IA Company limited by guarantee) Consolldat•d Ststement of flnanclal acllvltl•s {In￿pOratIng Incorn and expendlthre account) for the yèar ended 31 March 2021 Unrgslrlcted funds 2021 Restrlcted funds 2021 Total funds 2021 Totsl lunds 2020 Incom• from: Donations and lewes . Charitable activities Other trading activities Investments Olher incomo 78.751 146.795 1.203.667 110,954 142 146.436 1.000.312 174.020 625 1.203.667 81.204 142 29.7SO 1630 2,630 28.054 Totsl In¢ome 1.355.687 108.501 1M64.188 1,349,447 Expenditur¢ on: Raising lunds Charilable activities 109.882 1.529.996 109.882 1.671.166 263,259 1,571,057 Total expenditiirn 1.639.878 141,170 1.781,048 1.834,316 N•t exp•nditur• Transfers between fund5 1284.191) (603) (32.669) 1316.860) 1484,8691 18 Net movement in lunds before olher r•¢ognised gainslllos$¢sl {2W794) {31066) (316.860) 1484.8691 othgr rncognlsed galnsl{losses): Gainslllosses) on revaluation of ffixed assets 21Q250 216250 {26.1001 Net movement in funds. (68.544) (32,066) (100,610) 1510.9691 R•conciliation ol funds: Total funds brought forwd Net movement in funds 3.775.989 168.544) 37.648 132,0661 3.813.637 (100.610) 4.324.606 (510.969) Totsl funds ￿nIed for¥Ard 3.707.445 5.582 3,713.027 3.813.637 The c￿$(￿ld4ted statement of fina￿la1 actskn indudes all 9ains WKI losses reo)gnised in the year. The note$ on pages 21 to 48 fomi part of these finana statements. . Page 17

.The Kenward Trust IA ¢ompany limited by guarant￿1 Registered nurnber: 07931728 Consolldat•d balance sheet *$ at 31 March 2021 2021 2020 Fixed as$•ts Intangible assets Tangible assets 11.977 4.726.855 12 4.891.886 4738.832 4,891,886 Current ass•ts Stock$ Debtors 14 14.125 166.414 293.284 14,550 209.613 185.642 15 Cash at bank and n hand 473.823 409.805 Credilors: amounts falling due ¥￿thirt one Yer 16 1362,137) (299.207} Net current assets 110,598 Total as$ots"1oss ¢urr•nt Ilablllll•s 4.850.518 5.OQ2,484 Creditors.. amounts falling due after than one year 17 (1.047.664) {1.082.4141 N•t ass•ts excludlng penslon Ilablllty Defined benefit pension scheme Ibabil 3.802.854 3.920,070 24 (89.827} 1106,4331 Total net assots 3.713.027 3.813.637 Charity funds Restricted lunds Unre$tridgd funds 18 S582 37..648 De￿gnated furKI$ General funds 18 18 3.856.442 1148.997) 3,640,192 135,797 Total unrestricted funds 18 3.707.445 3.775.989 Total funds 3.713.027 3.813,637 The Trustees acknowledge their ￿$￿nsIbIlI￿S for com￿17ng with the requirements of the Act wlh respect to accounting records and preparation of financial slalements. The finanual stslements were approved and aultrKWi￿ for issue by the Trustees on 15 Oecember 2021 and signed on they behall by: C Munday The notes on pages 2110 48 fomi wl of these financial slalements. Pa9e 18

The Kemvard Trusl {A company limited by guaranteel R•gi$t•r•d numbw: 07931728 Charfty balance sheet as al 31 March 2021 2021 2020 Fixed •ssets Intangible assets Tangible assets Investmgnts 11.977 4,698.963 12 4.859.776 5.O¢XI 13 4.715.940 4.864.776 Current assets Stocks Debtors 14 15 13.399 333202 254.401 13,400 368.907 174.651 Cash al bank and in hand 601.1)02 556.958 Creditors.. amounts ￿ling due within one year 16 1303.656} 1283.4681 N•t ¢urr•nt ass•ts 297.346, 273.490 Total a$$•ts lass eurrnnt Ilabl1￿eS 5.013.286 5,138,266 Creditors.. ar￿Unts lallirvJ due after than one year 17 (1.047.6641 {1.082.4141 Net assets ex¢ludlng penslon Ilablllty. Dofined b8n&frt pension scheme liabilty 3.965.622 4,055,852 24 189.82n (106.433) Total net assets 3.875,795 3.949,419 Charity funds Restricted funds Unrestricted fvnds 18 5.582 37,648 Designated fuTrJ$ Generaj fuThJs 18 3.856,442 13.T11 3.640.192 271,579 18 Totsl unrestrided funds 18 3 870213 3,911,771 Total funds 3,875.795 3,949,419 The Chariws net movement in funds forthe Jtar was £(73.6241 (2020 - £1479.4321). The Truslees acknovAedge their responsibilitie5 for complyirvJ *ryth the requirements of the Act with resped to accounting ￿CordS and preparabon of financial State￿￿nts. The finanoal statements were approved and authorised for by the Trustees 15 December 2021 and siwd on their behaw by. on '.C Munday Tho notes on pages 21 to 48 fomi part of these financial statements. Page 19

The K•nward Trust (A company Ilmited by guaranl•e) Con$olldatsd stal¢"ment of c•sh flows for th• y•ar •nd•d 31 March 2021 2021 2020 C•sh flows from oper8tlng actlvltles ' Net cash used in operating activiknes 21 (148.044) (486.286) Cash flows from Inv•$llng a¢llvltl¢$ Dividend$. interests and rents from investlr￿1ts Proceeds from the sale of tangible fixed assets Purchase of intangible assets Purchase of tangible fixed assets 142 361.888 {16.9091 {105.6501 625 (44.761) Net Gash provlded byl(used in) investing a¢tivMles 239.471 {44.1361 Cash fl•>ws from financlng acllvltles Cash infiows from new trfjrrowry Repawnents of borr04¥ing 50.000 (33.785) 394.764 Net cash provlded by financlng acti¥iti•s 16.215 394.764 Chary In ¢ash and ush •qulval•nts in the yoar Cash and Cash equivalents at Ihe beginning of ￿ar 107.642 1135,6581 321,3C(I 185.642 Cash and cash equfvalents at the end of the year 293.284 185.642 The notes on page$ 21 to 48 fonn part of these fmanaal statements

The Kenward Trust {A ¢ompany limited by guarant••) Note$ to financial slateinents lor thè yth?r end•d 31 March 2021 A¢¢ountlng poll¢les 1.1 Basls of pr•p4ratlon ol financial stst•mfbts The financial statements have been Prepared in accordance wilh the chali1￿ SORP (FRS 1021- Accounting and Reporb"ng by Chanties.. Stalemenl of Recommended Practrce applicable lo charities preparing their accounts in acCOrdar￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffectNe 1 January 2019). the Financial ReFK)rting Stsndard applicable in the UK and Rèpublic of Ireland {FRS 102) and the Companies Act 2Cth. The Kenward Trust me6ts the definilion of a public benefit entity under FRS 102. Assets and liabilities are initially recc¥Jnised at histrical cost or transaction vakje unless othenvise ststed in the relevant accounting polw. The Consolidaied stalemenl of ffin￿da1 at#fvitles {SOFA} and Consolidated balance sheet consolidate the finanoal statements of the Charity and its subsidiary undertaking. The results of the subsidiary are ¢onsolvJated ￿ a lino by basis. The Charity has tsken advantage of the exempt)n allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statement5. 12 Fund accountlng General funds are unrestricted funds whith a￿ available for use at the discretion of th8 Trustees in furtherance of the general obJ"eclNes of the Group and which have not be.en designatsd for other purposes. Designated funds comprise unreslricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each 'designated fund is set in the notes to Ihe financial statements. Restricted funds are funds which are to be used in accordance with speufic restn"cli¢Ms imposed by dor￿[5 or which have teen raised by the Group for parti(JJlar purposes. The costs of raising and administering such lurKIs are charged against the speufic fund. The aim and use of each restricted furKI is sel out in the Th)tes lo the finanual ststemet)ts. Investment income, gains aThJ losses are allocate(i to the appropriate fund. 1.3 In¢ome All income is recognised once ihe Charity has entiuemenl to the income. it is prob8blfr that the income wll be rewved and the amwnl of income receivable can be measured reliably. Grants are included in the Consolidaled statement of finanual activilies on a receivable basia. The balance of income re￿Ved for s￿riC purposes but not expended during the period is shown in the relevant lunds on the Balance sheet. Where income is received in advance of entitlement of receipt. its ￿Cognition is deferred and induded in uedilor5 as deferre¢J income. Where enlitlemenl ￿CurS before In￿Me is ￿eeNed. the income is acrnjed. Other income is reeognised in the period in it is receivable. and to the extent the goods have been provided or on compktion of the seryice. Page 21

Th• K•nward Trust {A Gompany limit•d by guarant••) Note$ to the fm¥n¢lal $tsl•ments for the year ended 31 Morch 2021 Accountlng polici•s Iconllnu•dl 1A Exp•ndlturn Expendiiure is recognised once Ihere is a legal or constru¢tive obli9ation to transfer economi¢ benefil lo a third party. it wobable that a transfer of •conomic benefrts wll be required in settlement and" the amtxjnl of the obligation can be measured reliably. Expenditure is dassified by activity. The costs of each activty are made up of the told of direct costs and shar&J costs. including Support C051s involved in undertaking each actiwty. Direcl costs attriiNJtabfe to a single a¢livty are allo¢aled directly to that actiwty. Shared costs whith ¢ontribule to MO￿ than w adivTr"ty and support costs which are r￿1 attributable lo a single ac11￿ty are apFwrtK)ne<l betjveen those a¢tivits$ on a basis consistent wlh the use ol resources. Central staff costs are allocated on the basis ol time spent, and depreciation charges allocated on the portion of the asset's use. Expenditrjre M raising fvnds indudes all exp￿￿rture inujrred by the Group to ralse fund$ for Its charitsble purposes and irWudes costs of all fvndraisiNJ actMti8$ ev8nl$ and nonthcharitabl8 trading. Expenditure on charita￿8 acbvitses is incLwred on direcly undertakry the activiliés which further the Group's objectives. as well as any assolyaled support eosts. All expenditu￿ is inc￿$￿¢ of irre¢overth VAT. 1.5 Golng ¢oneern Despite the Charity iy)nlinuing to experience fvndlry drffKultw, the finw¢lal statements have been prepa￿￿ OTr a going ¢on¢em bas6. as Ihe Trustees are of the opinion that the Charty can conb'nu& opernting for a per1￿j of at least 12 months from the date these accounts were signed. The Truslees assess vthelher the use of ￿rrfj concem is appropr￿te i.e. vthelher Ihere are any . material ur￿ertain￿eS related to. events or (x)nditions Ihal may cast sTrgnifi¢anl doubt on the ats'lity of the Charity lo Continue as a gtyng ¢¢*￿ern. The Trustees make this assessment in respect of a peri(yJ of at least one year from the date of authorisation for issue of the financial statements and have ￿nduded that the Charity has adequate resources to continue in operational existence for the foreSeea￿e fulure. thus they continue to adopt the wing concern basis of accounting in preparing the financial Statements. Whilst the impa¢t of the COV1[￿19 pandem￿ has been assessed by the Trustees. so far as is reasonabty possible. due to its unprecedenled impact on the worfdwide economy il is difficult.lo evaluate with any certainty the FKJlential (Njtcomes on the Charivs future activities. However. taking inlo consideration the Charitys level of funds, the Trustees believe that the Charity will be able lo continue in operth'onal e￿$tenCe for the foreseeable fulure. .1.6 Govornm•Tht grants Govemment grants relating lo tangitAe r￿ed assets are treated as deferred income and released lo the Consolidated statement of financièl activrfies over the expected useful Ilves of the assets ¢on¢emed. Other 9rants affj codiled to the ￿$011dated ststemenl of financial activities as the aled exkwnditure is inojrred. Page 22

The Kenw•rd Trust IA ¢¢)mpany limited by warnntee) Noles to the flnanclal s&￿emOnts for the year ended 31 March 2021 countlng pollcles {¢ontlnu•d) 1.7 Res•arch and development Oevelopmenl costs are ¢aWalised within intsngible assets where they can be identified with a spwfic produd or project anticipated to P￿luCe futu￿ be￿fits, a￿1 are amortised on Ihe straight line basis over the anticipated life of the ber arising fr(m the com￿eted producl or twoiect. Oeferred research and devdopment rx)sts are reviewed annually. and where future benefits are deemed to have ceased or to be in doubt. the bala￿e of any related researth ond deveh)prnenl is written off to the Consolidated statement of financial attivities. 1.8 Tanglble fixed assets and depreciation Tangible fixed assets are capitalised and recognised when future economK benefits are probable and the cost or value of the asset can be measured reliably. Tang￿le fixed assets a￿ initially recognised at Cost. After recognition, the cost model, tsngible fixed assets are Measu￿ al fxist less ac¢umulaled depreciab.on and any accumulated impairment losses. ￿1 costs incur￿￿ lo txing a lan9ible fixeo asset into its wcwkin9 cond11K￿ should be included in the measurement of cost. Depreoation is charged. so as to allocate the cost of tsngible fixed assets le￿ their residual value ¢)ver their estimated useful lives. using the strawJh14ine method. DeprecAation is pn)vKled on Ihe fdloviThJ bases: Land and buildings Plant and machinery Motor vehrcles Fixtures and fiitings Office equipment Comwter equipment 12S% 10% 10% .20% -20% 1.9 IDv•$lrnents Fixed asset investments are a fomi of"firiancial nstrumenl and are initially recognised at their transath'on cost and subsequently measured al fair value at the Balanc8 sheet date. unless the valLO annot be measured reliably in vthich case it is measured at cost less impairment. Investment gains and losses. whether realised or unrealised. are ￿MbIned and presented as 'Gainsl(Losse$} on investments, in the Consolidaled statement of finawal activities. Investments in subsidiaries aT8 ¥ak￿d at cost less prwsion for impaimi8nt. 1.10 knterest r•c•lvabl• Interest on funds held on deposil is induded wfien receivable and amount can be measured reliably by the Group- this is normalty upon notification of the interest paid or payable by the institution with ￿Orn Ihg fvnds ￿ deposited. 1.11 Stocks Stocks are vaued at the lo*f of ¢)xt and net realisable value after making due alliiwance for obsolete and 51ow-moving stcKk5. Cost wKkKles all threct costs and an appropriate proportion of fixed . and variable overheads. Page 23

The Kenward Trust IA company lifflited by guarant••) Notes to the flnanclal sLtsm•nts for the-year end•d 31 March 2021 ¢ountlng pollcl•s (continued) 1.12 Dèbtors Trade and other debtors are ￿e09n(Sed at the settlement amount after any trade dlscount offered. Propayments are valued al the amount pffjpaid net of any trade disc¢)unts due. 1.13 Cash at bank and In hand Cash at bank and in hand indude5 cash and short-tenn htghly liquid investrnents wth a short maturity of three months or less from the ¢Jate of acqui5Tlion or opening of the deposit or similar account. 1.14 Liabilities Liatiilities and provisions are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable thal a transfer of ecor￿MiC benefit will be required in settlement. arKI the arTKJnt of'the setuernent be eth"mated reliabty. Liabilities are ￿e￿jA1$e4 at the amounl Ihat the Charity anticipales it will pay to setile the debt or the amount it has received as advanced payTnents for the go(yJs or servbces il musl provide. Provisions are measured al the best estimate of the amounts required to setue the obligation. Where the effect of the time value of money is material. th¥ provision 1$ based on the present value of tho$8 amounts, discounted at the pre-tsx di$￿Unt rate Ihat refflects the risks specffic to the liability. The unwinding of the disuwnt is recognised in the Consolidaled statement of financial activities as a finance cost. . 1.15 Finan¢il in$truments The <knp thy ha$ financial assels and financial liabilities of a kn'nd .Ihat qualfy as basic financial struments. Basic financial instruments are inilialty recognised at transaction value and subsequently measufed at their seltlemenl value wilh the exceptm of bank bans which are subsequently measured at amortised Cost usng the effe¢tive interest ffthod. 1.16 Taxatk•n The Charity is considered to pass.the tests set in Paragraph 1 schedu￿ 6 of tho Finance Act 2010 and therefore il meets the ¢Jefinition of a charitable company for UK c4)rporab"on tax purposes. A¢¢ordingly, the Charity is potentially èxempt from taxation in r8sp8ct ol income or ¢apitsl gains recèived within ¢alegori8s covered by Chapter 3 Part 11 of thè Corporation Tax Act 2010 or Seclion 256 of Ihe Taxation of Chargeable Gains Act 1992. to th8 extent that suth inwm8 or gains are applied exclusivety to charitable purposes. 1.17 Int¥nglble assets and wrbortlsatlon Intsngible assets are initialty recwnised at cost. After recognition. under tha ￿$1 model. intsngible assets are measured al C￿$1 kns any accumulated amortisation and any accumulated impaim)ent losses. Amortisation is proMded ￿ intaryible assets at rates ¢al¢ulated to write off the ￿$1 of each asset on a straight4ine ba&s over its expected useful life. The estimated useful 5Ne5 are as foliovts: Amortisaticffi 1$ pro4ided on the frJI¢y4¥ry basis: Fikn 2 years Page 24

The Kenward Trust IA company 15mited by guarant¢•l Notes to th• financlal stat•m•nts for th• y•ar •nd•d 31 IAarch 2021 Accounting polici•s (conlinued) 1.18 P•nsions The Group operate$ a defined cOntn"bui￿ pension scheme and th& penslon chary8 represents the amounts payable by the Group lo the fvnd in respect of the year. In¢omo from donallons wKI l•gad•s Unrestricted Restricted nds funds 2021 2021 Total funds 2021 Donations and grants Grants arml trusts Communty fundraising Other Donations received Govemment grants 4.573 13.134 2,452 12,664 35,221 74,119 1.672 78.692 14.806 5.412 12.664 35.221 68.044 78.751 146.795 Unrestricled fijnds 2020 Restricted fijnds 2020 Total funds 2020 Donatlons and grnnts Grants and trusts Community fundraising Other DOr￿￿OnS received 5.678 22.520 8.003 7.041 97.340 100 5.554 2110 103.018 22.620 13.557 7.241 43.242 103.194 146.436 Page 25

Th• K•nward Trust (A ¢ompany Ilmlled by gu•rant¢e) Nolos to lh• financlal statements for th¢ y•ar •nd•d 31 Alar¢h 2021 lThcom• trom ¢haritabl• a¢tfvltl•s Unrestrl¢t funds 2021 Total fund$ 2021 Resldantial rOha￿litation fee5 654.268 477.789 35.361 654.268 477.789 35.361 Housing benefft Client cash contribulions Big Lottery Fund RHI in￿rne 36,249 36,249 1.203,667 1.203.667 Unrestri¢ted lunds 2020 Rostri¢ted . fvnds 2020 Totsl fun¢Js 2020 Resbjential whthlitation fees h)using benefrt Client cash contritjutions Btg Lottery Fund RHI inwne 534.046 344.492 37,847 534.046 344,492 37,847 56.598 27.329 56,598 27.329 943.714 56.598 1.000.312 Incom• from olh•r trading acliviti•s Inc¢Jme from fundraising events Unrestricted Restricted fund5 lunds 2021 2021 Total funds 2021 Telephons receipts Rental income 222. 35.037 768 25.710 19.467 222 3S.037 30.518 25,710 19.467 Training income Enterprise income Oiher income 29,750 81.204 29.750 110,954 Page 26

The Kenward Trust . (A company limited by guarantso) Not•s to th• flnancial stat•m•nts for th• y•ar •nd•d 31 March 2021 Incom• from oth•r trading •¢tivit￿$ (¢ontinued) Incom• from fundralsing •v•nts (c¢)ntinu•d) ur￿0StrICted funds 2020 Restricted funds 2020 Total funds 2020 Tdephorie receipts Sales income Rental income Training irKome Entery)rise in¢ome other income 5.082 17.094 650 88,628 26.689 5.082 17.094 34.564 88,628 27.868 33,914 1.179 138,927 35.093 174.020 Inveslment In¢ome Unr•strict•d funds 2021 Total funds 2021 Bank interest 142 142 Unrestrictetl funds 2020 Totsl funds 2020 Bank interest 625 625 Page 27

.The"Kenward Trust {A company limiled by guarantM) Notes to the financlal slatwn•nts for th• year endgd 31 Mw¢h 2021 Exp•nd1￿r• on raising fwMIs Costs of ralslng volunlary income Unrestricted funds 2021 Total funds 2021 Sundries .PR and marketing Wages and salaries National insurance and ￿Cial seojrity costs . Pensb)n costs 13.100 13.498 25,000 2,238 720 13.100 13.498 25.000 2,238 720 54.556 54,556 Costs of rablng voluntsry In¢om• Icontlnu•dl Unrestri¢te(1 fvnds 2020 Restri¢led frJnd$ 2020 Total funds 2020 Sundries PR and marketing Wages and salaries National insurance ar￿ social setsjiity costs Perhsion costs" 23.349 36.709 42.308 SSS 323 23.349 37.189 42,308 555 323 480 103.244 103.724 Page 28

The Kenward Trust IA ¢ompany limited by guarantee) Not•s to the financlal stst•m•nts for th• y•ar end￿ 31 M•r¢h 2021 Exp•ndltur• on ral$lng funds {contlnu•d} So¢lal •nt¢rprl$• UThr•strlct•d lunds 2021 Total funds 2021 Purchases linc opening and dosirvJ stock) PR, Markeling Advetli%ing S¢xial Enterprise dired costs Wages and sal¥ies Depreciation Legal and wofessional fees 133 12021 15,586 30,711 9,059 39 133 (2021 15,586 30,711 9.059 55.326 55.326 Soclal •Trt•rprl$• (Continued Unrestricted fijnds 2020 Total funds 2020 Purchases line opening and Clo￿n9 stock) PR. Marketing and Advertising Social Enterprise direct ¢))sts Wages and salaries Depreuation Legal and wofessional fees 27.592 2,431 21,278 91,$48 8,273 8.413 27.592 2.431 21.278 91,548 8,273 8.413 159.535 159.535 Page 29

The Kenward Trust (A company Ilmited by guarnnts• Not•s to th• flnanclal Statw1￿lts for th• y•or ended 31 2021 Analysi$ of expendi￿re on ¢h•rhabh a¢llvl Summary by lund typ• Unre5tr1cted Restrlcted funds funds 2021 2021 Total fund$ 2021 Charitable a¢bviti•s 1.529.996 141,170 1.671.166 . Unrestricled fvnds 2020 Restricted funds 2020 Total funds 2020 Charrtable activrties 1,406.455 164,602 1,571,057 *malysls of •xpendltur• by actl¥it A¢tivilie$ und•rtak•n dlrectly 2021 Supporl costs 2021 Totsl funds 2021 Charitsble actiwi 1.337.681 333.485 1,671,166 Activities dertaken th"re¢Uy 2020 Support costs 2020 Total lunds 2020 Charitsble activities 990,175 580,882 1,571.057

The Kenward Trust (A company limit￿ by guarantse Not•s to thè financial statements for th• year end•d 31 March 2021 Analysis of •XP•fbditurn by activltles (¢ontlnu•d) Analysis of dlred wJts Charltablg a¢tlvFtle$ 2021 Total funds 2021 Staff costs Council tax L&ht and heat Telephone Rosident ?xpgnses Residents catering Therapy costs Househol¢Y costs Motor expenses Consultsncy Staff expenses Volunleer expense5 Staff training and developmenl Agency stsff Rent and rates Therapists and supervision . TV Licenses 953.274 16.293 74.641 11.496 4,591 44.311 2.918 953.274 16.293 74.641 11.496 44,311 2.918 9.648 17.450 120.504 9,029 824 17.450 120.504 . 9,029 824 3,006 26.141 11.831 3.006 26.141 11.831 588 1,143 20.295 703 2.387 6.608 1.143 20.295 703 2.387 Waste and sanitation Testing costs Small equipment Animal expenses 1,337.681 1,337.681 Page 31

Konward Trust IA company limited by guarants•) Notes to th• flnanclal statements for th• y•ar ended 31 Mar¢h 2021 Anatyi5is of •xp¢ndllurn ty a¢tiviti•s (Continu￿} Anatysls ol dlr•d Costs {¢onllnu•d) Charitable ath"vities 2020 Total 'fvnds 2020 Staff costs Council tax ghl and t*at Telephone Resident expenses Residents catering Therapy cosls Househdd costs Motor expensès Consull8n¢y Staff expenses Volunteer expenses Staff training antj de¥elopmenl Agen¢y $taff Rent and rates Thera&ysts and supemsion TV Licenses Waste and sanitation 716.201 16.975 68.923 13.675 558 716,201 16.975 68,923 13.675 558 29.891 762 11.890 15.987 55,153 12,841 2.572 4,598 9,166 7.416 3.948 937 9.687 1.121 29.891 762 11,8W' 15,987 55.153 12.841 2.572 4.598 9.166 7.416 3,948 937 9.687 1.121 Testsng costs Small equipment Aninlal expenses li 4,730 3.144 4,730 3.144 9W.175 990.175 Page 32

Th• K•nward Trust (A company limit•d by guarantee) Notes to th• fin•n¢lal sLthm•nts ' for the y•ar ènded 31 March 2021 Anatysls of •xpendlture by activi￿ Iconllnu•d) Analys1$ of support Costs Charltabl• a¢tlvltl•¥ 2021 Totsl funds 2021 Staff costs Depreaation Printing. postsge and 5talb)nery Repairs and maintenance Bank charges S.356 92.804 8.911 60.595 1.314 92.804 8,911 60,595 1,314 k li Audit fees IT and website costs 9.999 22.371 5.933 8.531 31.866 33,209 4.465 9.831 28.112 10.188 9,999 22,371 5.933 8.531 31.866 Recruitment costs Health and safety Insurance Loan interest and arrangement . Legal antl pr(ifessional fees Leasing of equipment (Profit￿OsS on disposal Govemance costs 4,465 9.831 28.112 10,188 ' 333.485 333A85 Page 33

Th• Kenward Trnst {A ¢ompany limiled by guarante• Notss to thè financlal $lat•m•nts for the year •nd•d 31 lknch 2021 Analysls of exper￿1¢ure by activili•s (continued) Analysls of support (continued) Charitable activilies 2020 Total funds 2020 286,163 82.391 27.663 7,675 53,991 318 266,163 82.391 27.663 7,675 53,991 318 4.390 1,574 25.188 1.742 9,709 30.087 35,237 15,373 9.827 {9881 10,742 Deprecialion Outsourced ser¥tces Printing. pjstage and stationery Repairs and maintenance Repairs and maintenancg equipm8nt purchasod Bank charges Audil fee$ IT and website costs RecTUrtment costs Health and safety Insuran¢e Loan interest and arraThJement fees Legal ant1 professional fees Lèasing of equirMn8nt (Profit)noss on disposal Govemance costs .4,390 1,574 25.188 1.742 9,709 30.087 35,237 15,373 9.627 (988) 10,742 580.882 580.882 staff costs Group 2021 Group 2020 Ch•rlty 2021 Charity 2020 Wages and salaries Social security costs Contribution to defined Contribu1￿ pe￿IOn schemes 909.299 71.213 972.945 69.229 909.299 71.213 972.945 69,229 6.076 (16,6241 6.076 {16,624} 986.588 1.025.550 986.588 1,025,S50 Page 34

The Kenward Trust (A company limlted by guarantefr) Notes to lh• fin•n¢lal ststsm•nts for the yeor ended 31 Mar¢h 2021 Staff ¢osts (¢ontlnu¢d The average number of person$ ern￿OI￿d by tt￿ Chavity during the Jtar was as follows.. Group 2021 Group 2020 .No. Charlty 2021 No. Charity 2020 No. Average number expressed 8$ head¢wnt 65 65 The number of emplose$ empl￿ beneffts lexcludiThJ employer pension costs) exceeded £60.()O was: Grwp 2021 No. Group 2020 No. In band £60,(101- £70.OLMI ' 10. Trust••s' r•mUn•rat1¢￿ and •xpense5 Lhjring the year, no Trustee5 ￿Ceived any remunerntK)n or olhor bèn8fft$12020 - £NIL). t)xing the year ended 31 Mor¢h 2021, no Twstee èxpanses have been incurred (2020- £NIL). 11. Inlangible asuts Group Intangible assets Cost Addition$ 16,909 At 31 March 2021 16.909 Amortisation Charge for the J*ar 4.932 At 31 March 2021 4.932 Nel book value At 31 Marth 2021 11,977 At 31 Mar¢h 2020 ' Page 35

fgFth• ￿￿rIndd31 2421 12. T•n9tbl• flx4d aswi Oroup Totsi . ¢D¥torv•lv*bthl At 1 Apnl 2020 4nw1 4131 21.625 106N1 &260.079 105.6 14QO,0001 Dwrrfa At 31 2021 5fft1 1•,Jfjll 314.322 21MS 193,1 14110 6,173,729 At 1 Apnl 2020 ChaTge fw the￿r On dis[￿5 On rev8k￿ assets 91254 411n 10,00•1 1162$11 185M38 21.625 6J915 J7(193 96,931 116.250) At31 ma￿20?7 IM.1U2 13. 414174

Ilotm toth•flMn¢l•l •t•rn• forthe yearend•d 31 Il•rch 2021 12. Tanglblo fixed asuts{uDtinwdl Group {conlnu•dl fftungs •qulpm•Tht Tot41 Al 31 Marth 2021 V•OJS1 10JQO 1U.545 1.127 4721,1ss Al31 ￿lIrth 202D 4.693.747 146.&83 42.958 4.891.886 Pl•ntaThd otor Flxium cthxp￿t&r At l llpnl 2020 Addrtw 4785,001 4132 Iw.0001 331321 11001 21,625 4204304 100.809 1400,0001 2¢0,WO 83.517 S￿}$ At31 45B9.133 ,$2$ 1M,913 15,120 SIM,113 P•J&37

Nat•stpth•fin•neial forth•y•41 •Thd•d 31 Mart 2021 12. Twibh ¢hrtty I￿n￿￿￿•d) fittlngb equlpm•nt Total Al 1 April 2020 354 IU.431 4J,171 yo.uoD) {11250 31350 13.581 343,528 87,872 110,0001 116,Z50 Onétsposa On ffjYalLd assèts At 31 M¥¢h X121 1•4182 220,7n IXS•J 40S,1S0 N•1 bao At31 Marth 2021 44Kg$1 1Z3,545 1,127 4698,963 Al 31 2020 4.693.747 f9,146 4￿59,776 Induded t￿1￿￿￿45 ￿￿￿£1.724.917rl02o.. É1.134.917ITAlx* v5 £I2.71912020.. £110.QOU}.

The Kenward Trust (A ¢ompany1smlted by guarant••) Not•s to the financlal sLitem•nts for the year ènded 31 March 2021 13. Flxed asset knvestments Investments In subsldlary companles ' Charlty Cost or vam￿lI0n At 1 April 2020 5.000 At 31 March 2021 5.000 Net bo¢>k value At 31 March 2021 5,000 Al 31 March 2020 5.000 14. Stock* Group 2021 Group 2020 Charity 2021 Charity 2020 Fintshed goods and goods for resale 14.125 14.550 13.399 13,400 15. D•btors Group 2021 Group 2020 Charity 2021 Charity 2020 Du• within on• y••r Trade debloTS 57215 78,560 52.147 172.$11 13.128 95.416 72,175 174,313 13,139 109,280 Am¢)unts owed by group undwtakings Other deblo Prepawn￿$ and a¢¢n￿d inc¢)me 13,137 16.514 114,539 166.414 209.613 333.202 368,907 Page 39

The Kemvard Trnst IA cornpany limited by guarantm) Not•s.to tho financlal sLitwMnts . foT the year ended 31 March 2021 Creditors: Amounts falling due within one year Group 2021 GfOUP 2020 Charity 2021 Charity 2020 Bank loan$ Othgr loans Trade creditors Other laxation and so¢i81 s¢¢urity Pension fvnd loan payaL￿e Other creditors 34.137 109.832 19.317 11.927 5.981 130.943 33.172 115,266 42.595 12.233 8.710 87,231 34.137 102.749 19,317 11.927 5.670 129.856 33.172 106,794 39,131 12.233 6.471 85.667 Accruals and deferred inc(¥ne . 362.137 299.207 303.656 283.468 Group 2021 GTOUP . 2020 Charlty 2021 Charity 2020 Deferred inwme at 1 April 2020 Resour￿ deferred duTThJ the >ear kniounts released from prevK)us perKts 20.474 58.359 (20.474) 11.090 20,474 (11,090) 20.474 58.359 {20.474) 11.090 20.474 {11,0901 58.359 20.474 58.359 20.474 17. CredltorB: Am¢Junts falllng due after more than one ye•r Group 2021 Group 2020 . Charlty 2021 Charity 2020 Other loans 1,047.664 1,082,414 1.047.664 1,082,414 The aggregate amount of iiabilits pay9￿ or repayable whdly or in part morè than five ￿ar$ after the repO￿r￿j dale 1$: Group 2021 Group 2020 Charity 2021 Charity 2020 Payalle or repayable by inslalments 825.444 898.477 825.444 898,477 The amounts disdosed above relaie lo a sirKJle loan. The loan is repayable up to December 2042 and incurs interest at a rate of 2.75% above base rale. The loan is secured against the Charitys property. P•Je 40

Th? Kenward Trust {A Company Ilmited by guarante¢ Not•s to the financlal st•lements for the y•ar ended 31 March 2021 Slat•ment of funds Stslom•Trt of fvnds- ¢urr•nl y•ar' Bal•n¢o 41 31 March 2021 Balan¢e al 1 Aprll 2020 Transfers Inl¢)ut Galnsl (Losses) Income Eyndlture Unr•strict•d funds Deslgnated funds Land and buildings 3.640.192 216.250 3.856.442 General funds Flxed asset fund Free reserves Penston fund serve 110.008 132.222 (27.289) 1.3S5.687 11.629.195) 82,719 1141.8891 1603)_ (106.4331 16.606 189.8271 135.797 1.355.687 11,639.878) 1603) 1148,997) Total Unrestrict•d funds 3.775.989 1.355.687 11.639.878) 1603) 216250 3.707.445 . Page41

Th¢ Kenward Trust {A Company limited by guarantee) ' Notes to th• finandal sLil•m•nts for lh• ￿ar •nd•d 31 March 2021 18. Statm•nt of funds (contlnued) Balan¢• at 31 Mar¢h 2021 Balan￿ al 1 Aprll 2020 Tran$f• Inlout Gainsl ILo$s•s) In¢om¢ Eyndlturn Resirlcted funds RESET Youthlcommunit 10,169 (19.238) 27.500 128.103) KIP- Think Drff8fenty Kent Communty Foundation 19.388 119.388) 9.179 19.179) 16.586) Ardry Project Think DIfferen￿Y Film "Therapeutic CoNwnunity . KCC Move On 301 110110 17,719) 5.281 35.81S 8.151 6.991 (35,815) 18.151) (6.991) 37.648 108.501 1141.170) 603 5.582 Total of funds 3.813.637 1.464.188 (1.781.IM81 216.250 3.713.027 Page 42

The Kemvard Trust (A company limited by guarantee) N¢)tes to th¥ financial statoments for the year end￿ 31 March 2021 . 18. Statemont of funds (continued) "Statemont of fund5 - prior y?ar Balar￿ al 31 March 2020 Balance at 1 Apn'l 2019 Transfers Vout Gainsl (Losses) Incomè . Expendiiure Vnr•stri¢t•d funds D•$lgnatod funds Land and buildings 4.075.618 1409.3261 126.1001 3.640.192 General funds Fixed asset luThJ Free reseThes Pension fvnd serve 106,004 239,203 4.004 430,258 110,008 132,222 1,154,$62 {1,691,8011 {129.000} 22.567 (106,433} 216207 1.154.562 . {1.669.2341 434.262 135.797 Total Unwestrict•d funds 4,291,825 1,154,562 {1,6692341 24,936 126,1001 3,775,989 Page 43

The Kenward Trust (A Company limited by guanntse) Noto$ to tho flnancial st•t•m•nts for Iho •nded 31 M•r¢h 2021 18. Stat•m•nt of funds l¢ontInu￿) Balance at 31 March 2020 Balance al 1 April 2019 Transfers inloul Gainsl (Losses) Incme Expenditu R•stricted funds RESET YouthlCommuNt y Servi KIP- Think Differenuy Kenward House Kent Community Found8tion OutdcK>r Gym Archery Project Think Differently Film 17.590 56.598 (6S.119) 9.069 6.612 28,520. <35,132) 15.251 {21.211> (2.619} 2.619 (40.821) 9,179 10.(MX) 9.516 (10.0001 (2.936} 1180) 6.400 25,0 (12.0(Kl) 13.WO 32.781 194.885 (165.082> (24.936) 37,648 Totsl •f funds 4.324.606 1.349.447 (1.834.316) 126.100) 3.813.637 RESET- Amounts s80Jr8d from The B3 Lottery on a phased 5 ￿ar programme, to be paid quarterty. to provide a volunteer4ed mentor service to assist offenders and ex offenders resetue in the community. Youthlcommunlty Services - Amounts received from thal councils to providè inforrnation lo young people ab)ul al(hol arKI substance misuse. YouThJ people are inwted lo site to connect wth adults wl)o have previousty been restdents. The fvnds are also used to provide out of hours suptx)rt to'hot-SPOts'. as directed by the local coun￿1$. using the services of Kenward staff. a dedicated consultant and staff membgrs. Thlnk Dlfferently- Think Differently is our secDndary school drug and alcohol education programme. We update young people and answer any questions on Ihe potential lifechanging consequences of drug. substance and alcohol misuse, ¢Jependency and antis(K#al behavi¢yJr. .Kenward House - A residentsl athhol and drugs recovery F￿leCt offeriry a supported, struCtu￿d pro9ramme for men in recovery fwm al¢ohol andlor drug misuse. Kont C¢)mmunlty Foundatlon - Fund$ provkled lo use a fundraiser and the business tum around plan. Outdoor Gym- Funds raised lo wrchase equipment for use by our benefirAaries. Archery project- Grant provided 85 Part of prcyect to use ar(hery in supw)rting the charitable objeclNe5. Think Differentty film - Linked to our think drfferenlly proigct above except these fvnds are specifically for crealion of a film to help us edu¢ate wjung people. Land and Buildings - This represents our fixed asset balance less aiy subsequent depreciation. gains or losses and loans. Page 44

Th• Kenward Trust IA c¢xnpany limit•d by guarnn¢¢•) Notas to the financial statements for th8 year erKled 31 March 2021 19. Summary of funds Summary of funds- current year B•lanc• at 31 March 2021 Blanee at 1 . Apvll 2020 Transfers Inloul Galnsl (Los￿) In¢ome Expendltur• De￿gnated funds Gener81 funds Restricted fvnds 3.640.192 135.797 37.648 216350 3.856.442 (148.9971 5,582 1,355.687 108.501 (1,639.878) (141.170) 16031 603 3.813.637 1.464.188 (1.781,048) 216250 3,713,027 Summary of funds- prlor y•ar Balance at 31 March 2020 Balanr at 1 April 2019 . Transfers inloLrt Gain .{Losses) Inrm Exwndilure Designated funds General funds Restricted funds 4.075.618 216.207 32.781 (409.326) 434,262 (24.9361 {26.1c￿) 3,640.192 135.797 37.648 1.154.562 194,885 (1.669.234) . (165.082) 4,324.606 1,349.447 (1.834.316) {26.100) 3.813.637 20. Anatysls of not assets bel¥mn funds Analysis of not assots b•twwn funds- ￿T￿nI yoar Unrnstrl¢ted R•strfct•d fund$ "tunds 2021 2021 Total funds 2021 Tangl￿e fixed assets Intangible fixed assets Current assets Creditors due withn Jpar Credilors thJe in more than one ypar Provisions liabililies and charges 4.726.855 11,977 468.241 {362.137) {1.047.664) 189,827) 4,726,855 11.977 473.823 1362.1371 11,047.6641 (89.8271 5,582 Total 3,707,445 5,582 3,713.027 Page 45

Th• Kenward Trust IA company limil•d by guarantee) Notss to the financial stalernents for th• yw end¢d 31 March 2021 20. Analysls of n•t ass•ts b•tw••n funds (contlnu•d) Analysos of n•t ass•ts belw••n funds . prior year Total funds 2020 nds 2020 frjnds 2020 Tangible fixed assets Current assets 4,891,886 372.157 (299.207) 11.082,414) {106.433} 4.891.886 409.805 (299.2071 11.082.414) 1106.4331 37.648 Credilots due wilhin one year Creditors du¢ in more than one year Provisions for liabilities and charges T¢)tal 3.775.989. 37,648 3,B13,637 21. R•¢onclllatbon of net movement in furKl$ to net flow fr¢)m op•ratlng a¢tlvlll¢$ Group. 2021 Group 2020 Nel expenditure for the Jpar (as per Ststement of Financial A¢livits¥) 1316.860) (484.869} Adju$tm•nts for: DepreciatIc￿ charges knortisalion tharges Divmlends. interests and rents from investrnents Loss on the sale offixed assets Oecrea5e in stocks De¢reasellin¢rease) in debtors Increase in creditor5 Pension movement 96.931 4.932 11421 28,112 90.654 {62SI 245 43.199 11,965 {16.606} (96,5721 48.823 {43,942} Net cash used In operating activities {148.044) (486.286) 22. Analysls of cash and ¢a$h ¢qulval•nts Group 2021 Group 2020 Cash in hand 293.284 185.642 Page 46

Th8 Kemyard Trust (A company limited by guarantee) N¢)tOS to th• finan¢ial"statem•nts foT tho y•ar ond•d 31 March 2021 23. Analysi5 of changes in nel debt At1￿￿1 2020 Cash flows At 31 March 2021 Cash at bank and in harKI Debt due ￿thIn 1 ￿ar Debt due after 1 Jar 185.fA2 {45.405) 11.082.414) 107.642 293.284 (50.6591 {96.064} ¥750 11.047,664} (942.177) 91,733 (850,4441 . 24. P•nsion ¢ommilm•nts The Charity is part of the Pensions Trust Growth Plan. hcmfever entry to this scheme was closed a number of years ago. This is a multi empbJEr defined benefft pension scheme. The assets of the scheme are held separatdy from those of the charity in an independenuy administered fund. It is not possible lo separately idenlfy the a￿ets and liabilrties of parti¢ipats"NJ erWjkJ￿rs on a consistent and reasonable basis. The fund is in defKit and if the charity was to withdraw from the scheme the Cost of withdrawal I￿1￿ have been £386,284 on 30 Sèpt8mbèr 2016. Th8 charity not plan to ￿thdraW from the scheme. A revised recovery plan took effect in April 2016 with new contributions. The reAts of this y8arfy update do not affect the defiat contributions due. Defiat ￿ntrIbutionS are due frorn April 2016 to 31 fvlarch 2025. wilh the amount incfeasing in April each year by 3%. The deficit eontributions due from April 2020 will be £22.731 per Jtar. The group operates a Defined benefft pension scheme. HNever. the S(*￿Me 18 a mumiple employer stheme and the unable to identify its share of the undedying assets ar￿ liabil￿es. A fijll actuarial valuation for Ihe scheme was carried out at 30 September 2017. This valuation showetj assets of £794.9m, liabilrties of £926.4m and a deficit of £131.5m. To eliminate this fun¢Jing S￿rtfall. the Trustee has asked the partic4pats.ng eMp￿0ye￿ to pay addib.tmal t￿nIn"but10ns lo the scheme. as shown above. 25. Operating lease commllments At 31 March 2021 the Group and the Charity had Commitments to make futu￿ minimum lease.payments under norKancellable operating leases as follows.. Group Group 2020 Charity 2021 Charlty 2020 Not later than 1 year Later than 1 year and not later Ihan 5 sEa 11.393 14.580 11.393 11,393 14,$80 11,393 11,393 25,973 11.393 25,973 Page 47

The Kenwa"rd Trust ' IA company Ilmit•d by guarantse} Not•$ to th• finan¢lal $tatem•nts lor th• ￿ar •nd•d 31 March 2021 26. R•lated party transa¢tlons During the year there were no transact*)ns12020: £Nill. 27. Prlnclpal subsldSarles The followng was a ￿b$4d￿Y Un￿erta￿.ng ofthe Chaiity. Nam• Company Reght•red office or principal Principal activity . numb•r place of buslnes8 Kenward Enterpr￿ Limited 10017029 Kenwartl House. Kenward Road. To provide a Yalding. Ma#1st￿8. Kent. ME18 commercial bener 6AH to the parent charity and its beneficiaries Class of Shares Holding Included in ¢onsolld•tion Ordinary 1(M)% Yes The finan￿al reSU￿S of Ihe sthidiwy frf.the >Ear were: Nam• In¢om• Exp•ndituro ProflUILos$> for th• year Not assfyts . . Kemvard Enterprises Limited (55.326) {26.9861 1157.763