Mabe LLP ellgitAe to ￿ as ath kn t￿ of di￿ 1212 of ¢￿[￿eS PLt 21X* DEI 2HU I to 2 4 b) 9 io to 14 16 17 to 32 33 to 34 Chalrman's Rwt ad(led uncatsintte5 of wing Inflatmjn. Ngh (￿Sts, r￿[tical tLrnKth1, ￿ (hrivs refrnrKe this The Im￿1(atiO￿$ of 2025 w￿e agan wth a wrpks, Ixrt Wal* CO[¥Jnwl to invest for growlh Irrtr0d￿irMj a (Aam￿ Is rK)w futy arKI Irw&lng In Digitsl Mctyknl￿ are steps kn IMp￿￿r￿J the atstonw Jxyney and admIr￿s￿2￿ effiderq. We txxJhJr8 for 2026 trthere we ￿11 be Iv)&tr embedded. (kn strdt￿, tntstse tKiar(1, 15 51ThWe and thtive.. owate Akninably, optirnise our OFffilJons. &¥￿a￿l ow offulroi aTrJ dq%Jy ca￿1 th)￿h￿ty. Illh61st tharity cbfrthves not thangal Sgrlftcanty last fth¥ yEafs, the furthmertals of the strategy ￿ a￿1 vay Iittk, a￿1 was &irtser kn ltte )tw arKI is oyrylete but ￿11 be re￿•ved amually In Ilne with market l am pka5e to r4LIrt that Pht IkThe kod Z80 RJDtK)R for ts tNrd nmiThJ a 10% We cOntIn￿ to Jjapt ￿￿VIL¥ io ersxe &£tssiilty Is a4pllaLle tr al abliues ￿ ttry r2n ex￿1￿ Ihe'magie ofthe stt& CommLnlty lrnpatt Ls orrfLlly mon1kn￿. aTrJ we wll oj)t1￿ to ￿re knal ￿p￿ have ac£e5S en9JNrg finandal backgrouThd ts t*X a tWTi¥ to A5 our capalxltbes e>pathl arxt integatal one si(p nK4lel has Ma￿red, our oppxj￿nI￿es for 5elf4Elp gros￿[ r&fftl￿1yj our re411￿, re4yl￿TrJ (w rella￿e on of s an e$￿￿ls1*d tharty. with a AKcessfil rutyd arKJ gwatknni rpvuvje and prcKlwing a heathy thsh Olr (rtraticr6 ovff the next ljvo )ears will ￿ thtitsl to rdYJklI￿ c4Jr cash arm1 a thwhtful to catthl eXTend[￿ has imp1w￿tsj arxl as r ecomry unfokts. y￿ wlll (£￿anty our oimla base a￿} how W to de￿ wr flnarKlal We I￿11 to Inltst In rMntwwrKe we aim to be best In da55 fc*twththx)r a(* catres. aspett that tk75 gal[￿ Is ttE sstsinabllty ￿j￿. We taken rwr wn51bll 5ertOLtsty but wfth capttal for rertw* aml ttis was at the ftrthnt of ￿ miThls. We etl¥caS t*J'ng to ￿r staff, arml cUnmu￿￿eS s&l(*. We recogth£ the knp0rtaft￿ of Investir¥J irt staff arKI we are Ixjmmltted to 11 base Is balancej L￿SLY¥ng a senior team that eath (ther vAth the strakn. commerdal. flnarwial aThl <¥￿atkThl fcas i5 an ¥ea ￿tsfied that we wth to d￿lOp. Durtr¥ year, we V￿COM￿￿ DeL￿ah Anknett tD the tW)HnJ d Ints 7ftlb) was a[p￿n￿l aty of ittirgham Clstrid as of tsir two retrntitiv alrm•n'$ Report forthe Yejr Ended 31 December 2025 While 2025 was a fijrther year of challenge. as we move Into 2026 the ￿￿)rnIc crtrtlock for the UK rernains utKertaln and we eX[￿tt further cost irKrea5es arKI coMpet￿On ￿ b)th prfoThJ and Off￿lrYj& We Mll mailltain a cautlous atvroadi partiojlarty as we assess the ongoing effects of cost movements wlllsi rwnaining commlttal to provlding attractive fadllues arKI rATeriws to ow a&omers ensurtThJ we romin well.pogY(rnJ for l¢)ng temi sustaina1￿e growth. ManaglNJ our Rlsks & Opportunittes Pthrd of Trust￿ are res￿￿51t￿e for ￿ tharities S￿ of risk management and straw a￿1 wth wFb3t has happen￿1 over the last few years has shown OLf vulneratm.lity to operèUrrfJ In a 4)eaalist sector. Heading into 2026 managlng our risks and OFP)rtunltles ￿￿11 COn￿Me to ￿ prominert By Id￿ti￿ng and mark3glrs our rtsks effectrvely we can fO(￿S on our bro-terrn opportunlljes. A(Idiilonal rfsks not p￿tlY n or aJrTenly d￿rn￿ to ￿ less matwlal may also have an a￿Ve￿ eff￿t on the tharity in the ftrture. Risk is an Inherent and a￿pted element of dolng bu￿ne$S and effectNe r15k vnarwent is fUr￿aMental to )w we run the charity. The charlty approath to rlsk manèJement 15 to identtfy key rfsks aTMI lthen to devdop athons to prcw wI￿n the 0peralJc￿ to ellmlnate or miugate tIN)se risk5 to an aCCeptsb￿ level. Wale5by Forest have slx commlttees that are all thalYpJJ by a trustee either the thlef ExeLllUve crff￿r present or ￿e cé lis Cfpdlrectors. a. ReMUnera￿On b. F*opety & Assets c. Grounds d. Health & Saftty e. Saftyuardlng f. Hnan o)mmlttees rewt at lJ)e tn￿ meeting whkh are held four times pw Year. Walesby Forest is a thartty, operating a dedicatejj out(knr and actimty centre for yomj I￿lUsIve to all. The charity not On￿ requires eYteTrthe fimdlng but a large team of volunte￿5 and staff, arx1 WIt￿)ut thls comblnatton Wale5by would not ￿ able to offer the fa(ilikne5 a￿1 servlces that our customers demand. Whlle there are many contrfbutors to the SUCC￿ of our charity, at Walesby FO￿St ts our stsff a￿1 volunteers that make the m¢)st material differerKe. Yet again have demonstrat&J r￿ja￿ble in the fa￿ of great uncertalnty to produ￿ Ipsu￿5, aThJ the b)ard of tr￿Stee5 thanks ttlem. Whlle the Board has Stewar{￿ ts Chartty through a serie5 of Éxtrac*dlnary drCUrrthn￿, the thallervJes have been tsken on by our staff and vrAunt&r5. They N3ve once agaln, demonstratsd th￿r re411en and detemiination and the Trust*s extend our gratitude and thanks to the entlre Walesby team. L(K*Jrg ahea(I, Wal* Forest Is for conOnued AKcess, and ow futt]re is filled vlth exoting ￿N￿bIll￿e$ to grow mature. As we conts'nue to grow, thoughtfvl expendlture will remain central to the tr￿tees, c(fislderatknns, balarKlro growth wlih ma￿rity, and finandal flexjblllty wllh value ueath)n. There ts to look forward to. We a￿ exate(I for the future and confident Wale5by Forest will thdve In years attead. Alistsii Bow Chalrperson Date: 14 15 Page 2 forthe Y￿r Ended 31 2025 2025 to pr for ￿ tslty. WFi5t we aik tD reath our artklpatal slgrwftsrt incMse5 to ttE nat￿)￿ wage atthe rate (rf Inflotkn, IFMyeèses to Naljonol tn5ufdrKe contr11xth￿, made (xr 4aff (16ts vuy hhJlL Futs. on the wts c(xnpanles utITYJ aEM1 guldng O￿nts cthrtlnued to Wje to atb3tt ryjmL￿S to make than ￿at￿e, arxl the (watior471 tsam wlthln NottlrKJhamsNre Soxts G￿, hive beth ￿d. Strabjkalty, ￿ d￿rity has oway fmn to Iw)5t Its larye scale rgjlonal knjt arKJ &ide In an otheN*se dffialt year grwp nLth rdwid&1 slgfft• Compar￿ to 2024. Nhead of t￿￿get, L￿￿fftted w(xl Wea￿ In the ￿￿5 the y￿k￿￿on ￿ athlHJonal Vme at the May Bank ￿JlIdaY weekeTrJ. V￿l$t the nwntes of vi>ttrs was fAollent the 5￿xIary dropkHI, irKiN2tive of tts malai* wltNn the Britith ectthmy. The nunknx of Co￿￿rg to tr£ (thalty rffn&r*d Ng￿ ar￿1 In tEak 5easYm avaifablllty was In very short supp*. Howw, as with other cwrtr&% In the Ind￿, we a *nificant dHwe In the way resultlThJ In a ry1￿￿10n In ￿m(Klat¥￿ inLN)e a￿1 an w More *nlficart red￿￿on In c*rsng incThne. Thls also Impthl smxlary as 5dKds WaE wlir¥J time and thp or at Irvj ma(N 2025 al￿ saw the nurrtws of ￿ fr(wn ftrttr£r e￿￿21](￿ C(41e￿$ drco, LoLNJti¥xwJh Colege not oyning at all. Hihyever, we were gxcessftl in sa2rlNJ a Year￿ cLv)tratt wth West Notts Cdlege dlng additional for tslr >JMkn TAith ￿D. arnl have M￿ed trj SeC￿e College's ￿ In 2026. Ihe Fake Fesuval was a bvj sw255 Jjaln a rw crytraLt h35 be￿ them urtll 2030, testament to gc(d wor1J￿ rdalJcm*yp. ￿lding swEss cl this part of ￿ thadivs actsMYe5 we a(Yvdy m(￿e sFwgroLThJ hlre ￿￿nts for 202& Thls ha5 resulted In Vegan Camp (kn comirvJ heTr from 2026 to at least 2028, F¢￿est S(tsrfJl and C￿nfe￿, a￿j P(Alsh Jamtxrn all FK>ldlrvJ mai)r events hwe kn 202& ope￿￿(￿ly, the team the tharlty remalrEd Str￿ arnl Y05 thar￿￿ bwth addfion on i.house mathiirrfJ. Our sod* n￿10 wesaKe has hyea$￿ ¢tranati(alty wNth In bTh In(Jeases ylethje d￿Ilty aNI Wth a greatw ￿phaSiS on l¥J*ng extThl * Sra￿ e￿nts, 2026 prom￿ to te a b&ter year for the dwity. Ongolng gewfittsl lssw sblt thy to day ruMlr4 ¢]>sts, but Ixtsling events wth a Ccthrrn￿ income wlll hdp to mltlgate the crrt of Im￿j Gw Laurfa CEO l Re[￿r￿j StsThlanl ap*ai* In the UK Rep￿ c( IrelaThl (FPS 102) (effecti￿ l January 20191 Objerfdves aim¥ rewsllxlty try thar￿1￿ ts I￿JU￿ wyJvJ wth the alm that it dwdops lelgjre-tlme opajttes aml Capa￿lI￿e5 that ty rrw grcfi¥ to fidl mattwty a5 iTrkndEAls aThl rnuts5 of s(MW. Idgjre tln* of haNt r*ed of fadI￿leS ty reasM of tl*lr YO￿ age 1￿M]Ity or dlsabllty, fi￿a￿jaI hathip ￿ S(x]￿ wth cé thelr C(rf￿[l1X)S of I The alms (rf the are a5 . To cortlrKR to secLre the terni I1￿1 ststlhiy ty thrvJ ¥KthI for ￿Oll1r￿ other gro . To promote the of S￿￿r￿j ￿￿e, akn¥irYJ to ￿eve tIElr full physcal, irtell&*Jal, ccKnmuth& xolts, Ox¢￿te to drive 5a5es. In alg> b) gr(h¥ t1￿ mathet rt￿rty are a19) plarffjlFWJ to d￿￿0p a i*tter Wov15[￿ for dtsatrA&l arma (fisadvantsged ￿ pwJrAe. Ydl a5 ivwiThJ the numb& of loty ar￿ ￿eat1r￿j an dassrc4)m. The 15 gralEfiI ur￿￿n￿r￿j eff￿ts d Its ￿lUrrte￿S are Invo￿ kn as￿S￿r￿j the rnanta1a￿e team, asslstlTrJ at a￿1 9JrMw arthlvts arKI tr* (f So)ut Group l&iders. It Is forth• Year Ended 31 2025 F￿d-r&[SITr9 Stsndanb Inf(oTh•t The TrLtstees ccffjnmittal to falr, LW* strtve hlgW ￿*ble agreed to te the W￿ntary F￿1r￿SiN￿ FThnl It Is the ofthe tharty to Jxt￿weS In *e tD in drawn* Wa* Fwt does thare tr sell dats tth ￿rtIeS for I￿1r mark£titvJ t8EfiL ap• to thllr¥J. rased by thlrd pardes. Pubqc benefft acw to (xrtdLWX ￿0￿j, r￿Id￿￿[al pJperl￿￿, a￿1 *ithed We pr￿ a safe ￿ I￿A￿1Ve Throwh partldpakn In our galn wactiol Imtyove thdr E*rysKal and mental well￿￿j, aTMI LKMkl so(ial ￿e to wonTrJtE grwih, en￿, arvj a sfft of wm*AIIty, al rf vthith to Ij￿1r {1￿0￿*￿ as acllve The trust￿ have rgjard to ijwrity CommIs￿'S gU￿1a￿ puL* benefit a￿$ are sa05n￿l t the chat1ty's w0y￿e d&Y aTrJ r￿vab￿ to ts EXt4L pafOaJlaty In SUPF(*ttTWJ U vd0pm￿t PAK1 lrfe Cha￿e5 of YOU￿ p￿￿. ACHIEVEMEpifs AND PERFORMAN( Details ol athle￿￿￿ f￿￿1 w]IFdn ￿ tha￿￿an.5 aThl CNef Exeothe's retKffts. for the Yeor Ended 31 Decemlxr 2925 FINANCIAL REVIEW FinaMial posldon tor ryjmbws canwiry nkJFts Irts&sed dthrrfJ ￿, part￿arlY MI￿ dwlrhj the peak Lxty for 21T25 as￿￿1 Th￿Alest al strw6 arxl (fjd rv)t ftdly antidpats the reduction In 5euHx1ary WMI. As a Lxxw was nrt tt* record& a rt thfidt for the year rf E147,660. TNS fdlo¥ys a rwtal in 2024 a￿1 rqytsuts a thè tnjstees In malrtalnlrrtj rhaws flnaTrJal S￿l￿ablity. The bxal bal￿ Lnre5trictal at 31 2025 £695,583 (2024 . £825,585), of thls £35,(￿0 (2024 . £35,rAIO) relates to deslwed fjJTrts to fa(ifit3te 1¥aC￿ rnaintena￿ rf the fadlltjes wlthin ￿ntr& AYalL3tle reserve5 th exckth ￿gli￿e fixed assets and ¢*ggn*d funds totsl a thftcjt of EYdO,555 (2024- deficA of£437,018). tota balarte of rEthted fiwKts at 31 favnLv 2025 wa5 £46,49) (2024. £64,148) thi5 relates to wo to (wrled OLt #t In Ilght of annual ddlrlts, ￿ tnts d)arfVs flrwthl p(thi dwlT¥J 2025. The trttss rEwJrtse Im￿r￿[￿e of reL#JlkliThJ res0￿5 LW lkne to engJe t￿ dwiV5 fin￿￿al re5111￿tr ablW to manage lI￿ti￿t￿￿ In Im)n tharlvs ftknre pla FirruRE PLA Fdlowir#J the tosses rep)rt&l In 2024 a￿1 2025, tn￿t￿5 hjthined ts n*1 to dW51fy strearrts to redw rellarre ffi thre caiiWr¥J Ir￿Ome. new Ma￿ delwwal durfng 2025, several nts have iEen secmra from 2026 a￿ to make a Mean1￿fL (￿tribu￿On io 1mtxD￿d flnarKlal Y21xlity. Ironment across camplThJ, caterirg, a￿] xbvlVe* The the year al*ad Is ￿ dellvertng thLs bLtyL Imp1Th￿ fin￿al FWfmr￿e, tej1￿￿j ts F4fKeSS of I￿lIk11r9 the dwrws ￿SeNe* dMrity. Walesby was fourthd LTKler a cLYtsbI￿ aloptal on 2 Feb￿￿ry 2012 arxl am¥KlgJ on 3 May 2012. The charlty Is an Unfir￿￿vated r¥stereA a5 a olarity on 21 May 2012 d)arfty nLKEthr 114734& Details of the Truste4 wlThJpal cllkas aJ¥lw5 a￿ the L&3al arxj AdmI￿stratIon inf￿nth. The Exeth Offlw has day to day rnan*l re¥xrt4￿lty for Ixjth aThl llnarKially, ttyetkw vAlh ￿ tharman he has Str*Jk a0)xnts￿￿ty has to Durfn9 2026, the ¢tharfty T￿11 L* re-re￿ir￿j as a) thartty, an (￿ated 0)￿tI￿￿ In Ilne vlth the iJirty CcThnLsth% fraMth￿ In athjtion, the tharity wll be updatlrKJ Its rela￿nthlp Sc(krt Ass(Mith as Lv)th Iwthd aThJ a5 ow affi￿at￿ orgarasatlc￿ a[￿ntment of Tr￿1$ Set ¢xJt conthth Tlw are bnded on an Ws of ts tharity the Chaimian ￿ wh¥e akwkatle ots Tn*es Ixlcr to Oryanlsationjl artrnclure quartetty. Tru*ee5 have dLttir•J p￿ slrKe the year*NI are set ¢xrt lèjal d admlnlstraUve 1nfcffl￿kn. The key managenEnt cunpr*s of GLry Laurle Exe￿tiVe Ofncu), Carl WNte (Opwations [1￿ctr￿} arKJ Ninla Tel￿)n (finw tXrecb)r). AJI pay apart frc(n the c￿ef Exa￿￿Ve Offtcw Is de£lded remumtith) is maje up of Luczko, Pjastslr Luff. Dawd H￿nS aThl ¢ary Laurie. Tr£ ch￿ Exuth pay is d&8miMAI ty tknd arml NAstar Bow to avdd any conflLt I￿ IntwesL tKJnu585 to the b)ard of Tr¥ts In the No￿nL￿ m*Jr¥J. Tr trtts￿ have Its final say whelher to ac￿pt the recommeTrkn Bonfft% are ￿ In Marth folb)wlThJ the year aftw ts Trir manag accounts are o)mtkt&l; any pay awarts cfft In AWH for the tsx ￿r. Intr(hJuCu￿ lif improv8J finandal cowirg the rorKJe of ftrwicjal admlles. These tharvjes w¥e InteThJ8J to ￿han0 over*Jh¢ Improve finarKlal ￿. 9JPPOrt lrftffm￿J ￿ed￿c￿.Makjng. g0Veman￿ improvement& REFERENCE AND ADMIN￿TIvE DEfAILS 1147348 Prfndpal address Pdake Road Walesby Newa NG22 9N D Ho*Jns D W1kj￿ G Jones DHW D (apwAnt￿l 22r2r2025) DHU VJ Audltor Mabe LLP dlglble to att as kn temE S￿￿on 1212 ofts kt 50 05maskn) Road DEI 2HU SrAldtors Kr￿9￿5 5￿k￿b￿s Noiungham Banke National Westmlnster Ba￿ 9 Chwth Street Mansfidd NG18 IHP srA7EMEvf OF TRUSTEW RESPONSIBILfTIES tJU5tees are treparirwJ AMLMI Re[￿ arKI ts fin￿la1 5￿teM￿ts In accordarKe wlth applicable law and U￿ted PoThmlJr#J Stsrxl¥ts (U￿tal ALtOLntsng Report of theTrust Char1ty law rqiires ts tTUStees to prepare finar¥￿ statamts for e￿ f*b￿la1 ￿r. that kw, the a tnR arKI fair viÉv4 of the state of affEAr5 Ityx#nlrvJ re9wrtrs appkotion of . obeAve the nthxis arxl kxlTrirAes In ￿ Challjes 9)RP' . make JLKhJements armd e¥Jmatos tFklt are msc#)at* and dlthsed and ￿a]￿l In fi￿1 stateTh￿￿' dwty c(rtJnue In at any ttme the fir¥HrwJal pc&tMNI of trt aThl to a)aL* bkn to ertr4Jre finarMJal statements comth wlth Ch3rfbes Ad 2011 ar¥J Th thatlty aNI Rwts) Regdabms 2CM)8. are also res[¥￿51b￿ for saf&j￿r(lI￿ ttE assets of the tharty aFKI for ta￿￿j reayThbie s* for the i016ar￿ Sign￿1 ￿ fts bthlf by: IlnaThYal re[￿l[￿J framewc*k tjkit their kryaration Ls apthaLk law a)J I￿tted In ow Wnlon the firs9￿￿al siatrnts: - tdir ¥lew of tke state rf Ihe affalrs a5 at 31 D&anbff 2025 aTKI of Its Bad$ for O￿nIOn We C￿￿[L￿￿1 ow In acrordarKe Stsndards crt) OJK) (tS4s {UK)) WKI ap￿ICable law. Our rw￿$1￿111tie$ ur**r tI￿e fijthw d￿7￿1 kn the ALKlito rewnltMIIUes for the aLhJlt of the 5tat&nats seCli￿ rf ¢xr r4Xrt We are lTh1epe￿￿ of ttE In accordan￿ with ethka that we Yeknrt to OLr a￿￿t finarthl statements In the UK lThJLKliry ttE FRC5 EthK31 &aThknd, aThl * hwe ow other ¥hlcal res￿bil￿ in apwowlate to ￿de a tki* rWkwL In aullvng the flnandal ￿ate￿￿nts, LIMx*#*d that tfre of ts g*rwJ 0)￿￿n bw of or cDnd￿n5 M Irmlthly or CrjktTh￿y, mw ca# ￿￿Tfi(7￿ the (hirttls a￿llty to a5 Our re5p¢)n5ililttses aThl the Yw¥&Mlties trÈtstees vlth rESPat to a￿ de￿￿tEd In the Ir*Jud&J In the Anr￿￿1 Rq￿ otr*r fiTryMial Statu￿*S aFMI OLf RetKJt of r op(nion on the finarKia Staterr￿ (kE5 the ots Ir{rxmatl￿ aTrl, W to tl* exta QtFErv￿* ￿￿IddY stated in w repyL do e>we55 arry fc4m of asswaTr2 c(KKknion thweon. and, in doww X*, c(¥￿&r ¥thetlw ￿ cther Is IrKw5tert Ylth the finarKial statem* or our otrtained in tt* or (*heTrts aNwrs to Material￿ n¥sstat&l. If we klenttfy SLKh rnatrrfal I￿￿r6￿nc￿ or appKirert material mLSStsten￿￿ are rwlrwj to d&wmlne whether this rfse to a Mat￿la1 rni55tateTnart final￿1 stat￿ts If, based on worf( we have perfom)&l, we (￿dLX1e Itwt tlwe Is a matutai MISStaten￿ of ths ott* we are r￿uIr&I to rerKJrt that fa(L We have thirwJ to r4WJt In tNs rgjwd. We have no￿ThJ to re[￿ In reSi￿rt of matters kn trE (haritles and Rqxxts) RegLtstion5 2008 requlres u5 to rq*yt to rf, In . the irformation glven In the Repjrt cé Trustees Is IrKonS￿ kn any materfa wlth the fina￿la1 staternert5: or . the flnanrial ststeM￿ts ¥e N)t in agreffnert w￿7 the a￿D￿￿r￿j records rth. or . we have reLdNEd all Inform￿ arnl ¥￿ wlre for (xjr a￿lL Yeparatkn of the fir43n(ial statar*nts ghE a tnE aThJ falr th, aAI for S￿ corrtrtl In wepèrTrvJ firfjn￿ I]￿tee5 are resr*Mslt4e for a55esgrnJ tsdivs to as a 9irvJ dI9JosirwJ, as aFWh3ble, matt￿5 fElaial to (rrtAn and uthj ttE g)Ing or haNE rb) reall#k atterThth Imjt to th ￿. li A￿lItOrS that indudes R&ix¥wble a55UFWKe ￿ a high tyjt L5 rxt a guaartee ex15ts. Mi55tatawts can arfse frcth trolkl iy aThl are 0x&de￿I materlal If, I￿￿dual￿ LY kn the the rf5k5 of irr￿lari￿es. c(edLres r*tlNJ to: 2010. alleged fra￿￿. . The matb5 dl>)Jss&J anTh)rwJ ¥vaga￿lt t&im a￿1 rdLwant tax ardlro where fraud m￿￿t ￿ In ts flnarthl Stat￿n￿ arKI ary F￿n￿al IndIcato￿ offraud. tharlty for fra￿1 and IdpthW ￿ gr&itst fratkl In the &llity of to manlpulate incfft. In common wilh a4 0￿j[t5 ISIS (UK), we t¥e r￿uIr&￿ to 5roJflc to We also obtaln&J ￿ urKIu5kn1iThJ rf the W J¥J rvJAatrry Irarne￿ tt* otwates In, foaslng on wo¥￿tOr￿ of Ih)se lav*S ￿ reguL3tiL¥B that ￿ a Ilrett tht on the determlnation of matertal amoLrts and digjosures in ￿ fina￿101 Stateme￿ Tre key laws aFKI we con￿d￿ed in this >nte%t Inclutsj the 9)RP the FIna￿l Rewilry StaTxlanl 102. flnarloal statrn￿ts txrt ffjmF4iar£e 7Mth may be to the ttorfws atrAlty to cwate ￿ to vdd a material peThalty. Ihese Dats Prot8ji￿ RegL1th￿ the Brfiw kt 2010 and Health aThJ Saw ￿11￿ 12 from regLAaty t￿. . In addressltYJ ￿ fraul rtsk In we te#ed a sampk of lTh))Tr￿ rthed In the yEar thrwgh agreement to the rdevant saks tern15 Co￿1￿[l￿s aKI bank Pthtts(Thly, at an aTh31￿1 dlsoAons on the r￿￿tk)n TrA)latiW ￿ Irtome In the yew . a￿1 . In adttressng the risk of fraL#I rroro9wrffit ¢)4wr*Je of ¢￿Ic1S. te5brvJ ts apwOprfa￿esS of mal entrtes otlEr ￿]￿lT￿. aSW￿j m* in makiTVJ accountlro estimatss are 1ndK2￿￿ ¢* a FQter#Jal ￿a5. arml elaW￿ ￿ tharIta￿e r3Uonate of ary 5wJnlficant We C￿Mun￿8ted r*ant IdeTrtffi￿ laA5 arxl ruJLlatkThs and ￿8)tIal fra￿fj rl4s to all engawiwrt tsam memb&s rern8in alert to any of ￿TrOyn￿laN2 wth I￿ arKt regulatlons throwh(xft the WJJ Beca￿ of ttE Ir*watt Itmltatlcf6 rf an rt tse Is a ljkit WE Thill rbjt all Irwdarltie5, Incknllro lkne leadlr¥J to a I￿al Misstat￿*￿ in ￿ finaThJal Statem￿ cr mKOM￿la￿e with regulatlon. This ri4[ weases ￿ mcffe that comp￿an￿ wlth a law ￿ reQ￿at￿)n ts r￿￿0￿ frpm ewts and tran5athorG rdl&trd in finatNial as wl be Se5s likety to aware of instar￿S of tj)n (15,323) ban5tskM ￿t In￿r (1.1￿) (I,iii) Net Q5h ￿0￿ded tyl(L￿1 In) flnBThJFWJ aar¥iUes (37,783) ChJnge in cash and cash tvalents in the rep￿ Cash and cash equivalents at the Iwlnnlty oethe iew1Mig pwiod 56,913 (￿,086) lo1￿75 251,661 Cash and cash oqufvalerts atthE Ml of the ryportlng wiod 158,488 101,575 Pa￿ 16 2Q4 (147,660) (s7￿14} 147,494 (950) (698) 18,547 114,126 1,333 (1.518) 21349 {pMfft)￿C￿S ￿ d15pwI assds Interest patd Tax pald IrKrease In stcth {IncTea5e)/dttrease th ddjtr (2,777) {27.259) 104,&)3 (4,tKII) 352,(￿3 (21,214) 93,%3 405,124 At 1.1.25 Cath kn At 31.1125 Cath at bank aThl In h 101.575 56.913 101,575 56,913 158,488 ro￿ leases Debts fallirvJ dLe wIthEn I Debts falllng duE thr I (96,018} (16,813) (177,871) 1,112 (94,906) {13,912) (30,725) {58,4851 (236,356) {29J,702) (71285) (361.987) {189,127) (14,3n) (203,499) Page 17 in aLLY)rdan￿ wNh CharlEies SORP (FPS 102) 'p£t￿￿r#j aTrJ Rep*ytkr¥J ipi a￿￿￿e5. wlth FIna￿ts1 Iwwiiry &arKlanl In the UK and R￿lt d Irdand (FPS 102) (aythe l Jar•Jary 2019)., R￿￿￿r￿j StsrKl¥d 102 Tr HnaTrJal RekwJtkvJ Stsrkyard applKalk In the UK aThl of Irelar>l awlUe5 kt 201L The finarKtsI chanty Infcrn?t￿￿ C￿ paje 8 crf the* fina￿la1 rotfft ofthe thbriV5 operdtkns a￿1 ￿na￿l ReFthirvJ StsJNlard a￿￿Oble In tt* UK aThJ Irdatml Is￿lEd In 2019, the RnarKlal RwtlThJ sts￿rd apF4cat4e kn the UThte(l arxl of trdarnl (FRS 102), the nK#dhled to Lvtsln [ten￿ at falr val￿. Tr firorKial statemwts are In whldi Funds Lknrestrtrtd frmds are WdllaL* for ￿ at di>Jeti(￿ of the trust￿ In furtkeraTr2 cl gewal or wNth ￿ t*en rased by for pa￿j[￿lar p￿t￿Se5. The cost of rdi51ng and Income All 11K￿nIng res0￿￿ are Ind￿ trb ￿na￿la1 the dHrfty Is kgalty reM*y ￿ It Is prolx*)le thatthe te Servi￿ and Is rec£#JnlseJJ the Ser￿ ts (ThitA&e. Interest has ￿ eaff￿. contlnLEd... knth• Yw Ended 31 Deronts 2025 C¢%￿U￿ otllgation b) make pa￿nents to third wlies, It 15 prrtfjL4e £￿t ￿ 5eiYor*rt vlll te dore; . ExpeTrdlbJre ￿ tharll* IrNJLKle5 ￿ nmlrwJ aThl malntttw￿ of Yte and camp athVIt￿ arKI indude Offi￿ ct6ts1 9)￿na￿e (L6ts and payrdl cr￿& are dtrecdy in to parUcLAar h&￿Irl>S tly alkxth to the cost (rf ral* fur#ts aTrJ Depredaljon Is proth at tt* folkv41w rates kn (rder to wriie dr eath asset esymated Usef￿ llfe. FreelKld pffwty Lry leasetr￿d Plant aThJ mathiwy xtures and ffttirwJ5 . 5%.20%onoi* 9Taght line 99 . 33% w cost 10% - 33% on 10 . 25% ￿ akst Tawble fixaj assets are InNJalty at cost [r￿sL￿d at cost LY valualion, galn or10s5 on the of an asset Is dthnlrth as dffererKe bets￿7 the sde proceeds and t￿ of the asseL arxl Is craliteAI ￿ thor￿1 to profft ￿ Ios5. At each rew￿r￿j end date. the ￿rity (arryirKJ amounts tar#Jble assets to det8mlne Ihwe 15 ary I￿lI￿￿on that assds ha￿ impalmt los& Ef any suth INIKation e￿$ts, the rpcovwaEAe of tt* a55et ts esUmat&l in to detemlrÉ extart of Impairwt joss (If any). Whtre it [￿lIe to É8t*nate the recoverable anN)unt of an Indwual asseL ts comparry estff53ts alr￿tt of tr* Cash-gU￿tinQ b) whith a5*t bdcrf¥J& RecOVera￿e anKWt L5 the of fa6r vd- ue kn cr6ts to setl value in use. In aS￿sirwj value In use. the tstymated fi￿re IlThYs are ds(r#rteJ to their prewt ￿￿lue wing a &Y*tsx dlscrAJrt rate that reflects QJTrwtt market a5sew￿ts of the tine ￿￿1￿e of the ri5k$ 9￿dfic to the If tIE r￿0VeratIe am￿jrtt of an asset (or wllt) estimated to be ￿ Ihan ￿S Ca￿￿j amoun¢ ￿ (aryir*J of Its a55& (or 0th-g￿atlrrfj urtht) Is reduced to Ws recoverabk amounL An ImpalM￿nt loss b r￿rIS&j ITnmexllatety In [￿fft ￿ loss, unless the relevant asset Is cwrled at a rv4alugJ arwiL In (ase Ihe Iiryalnnent kJ55 15 Ireabj as a revalualon decr&￿. p￿19 cortlnueAI... ThxJtlon profits from WNe5trnents aNI Iradrg adJ¥lties Orr￿ on in fvrtheJar￿e of the prfmary VAT as ￿ tt￿rity Is able to reilalm a of VAT pdd, be0￿e c¢ ts tradTrJ athts, u4ng Interest nthd, less Impakwrt ksse5 In tt* ose rf tra(k debt0￿ If ￿ a￿a￿a￿lt r( Is m639Jr&l at Wdlue of futh d1 8,438 DesWjna￿ . Repa￿ FuThl 825￿85 {138,440) 8,438 695,583 21,E114 (6fi70) 14.934 Tree m¥￿geM￿t Van CaterlrKJ 8am aimlmng Wall 2018 LL)J3e T(Mlet Block Roixn Hty)d s￿te Rc¥ All Terrdn Bl (2,838) 5.249 14,4XI 3354 4.749 13,600 3.104 6,208 (KKJ) (250) {9)0) IXKI) (5,EW) 64.148 (9,220} (8,438) 46,490 TOTAL FUNDS 889.733 (147￿) 742,073 Wal* Fornlt forth• Ye•r Ended 31 Decem￿ 2015 L4￿,752 {1,619,192) (￿,440) Kemp LcKSJe CaterfThJ Bam aimknThJ Wal 2018 Lo(kJe {6,670) (s￿) (s￿) (250) (SCO) (5CQ) (5,1XKI) (6fi70) {500> [￿0) (250) (5LM]) (y)0) Robln Fk¢*l Sulte Apprerthe BJfKllr (14,220) (9,220) TOTAL FUNDS 1,485,752 (1,633,412) (147KOO) At l.L24 Inft 31.12.24 Genwal fuThJ 843,979 35)YXI (s3,3￿) ,585 35.IlXJ 878,979 (53,3%) 825,585 Kemp Lodge Tree PlantirYJ Manawent Van GiterfThJ Bam almly￿ Wal 2018 Lodge Trll& BkKk Ro￿n FhJc#l Sulie Rc JI Terraln &. 28274 16,670) 210M 2,838 5,749 2,838 5.249 14,400 (S￿) c￿0) (250) (500) (500) 7,208 6,708 s,f￿0 67.768 (3.620) 64.148 TOTAL FUNDS 916,747 (57,014) 889,733 MOVEMEirf IN FUIIDS. LQ(S5 (1,505.449) (53394) (6,670) (500) (￿) (250) (5ts)) (5tKI) (6,670) (￿) (￿) Caterlng eam alm￿r￿ Wall 2018 [￿jge Tdlet Bl¢) (500) (sjo) AJE Tmln &ke (9220) (3,620) I.457￿5 (1,514&A9) (57,014) At 1.124 31.12.25 General fLThI Designatay . Lake R* Furnj 843,979 35￿0 {191,￿> 8,438 35.C((J 874979 (191￿) 8,438 695,583 Kemp Lc 28274 14,934 MarwJem¥rt Van (2￿8) 5,749 15.2 4,749 13,600 3,104 6,208 aimblng Wal 2018 Lc*Jge Tdlet Bk n Hoc*J R(x l Terrdln ￿ke (1.60)) (sx)) (1.(￿) (i.CKN)) (5fiCrf)) 67,768 (8,438) 46,4 946.747 (204,674) 742,073 Page 30 asfoltth¥5: In I932￿7 (3,124fi41) (191￿34) {￿￿0) (I,th￿) (1,6￿) (5QJ) (I,(MJQ} (1,000) (13,340) (l,c￿) (1,6￿) {5LM)) (1,0￿} (1,0￿) Catrhrwj Bam aimtlng Wal 2018 Lodge Toilet Bk Rotln Rod All Trin Btk£ {5AK¥J) iO.f4JJ (23,440) (12,840) 1943,407 (3,148,081) (204.674) The pur&￿)5e a￿1 ￿an￿j u* {* lak£ rqyalr d*nat&l is to expaTrJ of lake, bull￿$ abo* ftLMI Ilr* & IM[￿￿￿e fa￿1￿& knds ￿ be swt On￿ suffldent fwthlslNJ womt & com*. EMPLOYEE BENEFrroBUGATIOPIS contiibutms ptyable iry the Chanty to the fuThJ aryj a[W[￿d b) £17,942 12024 . £17.889). Crtlbthons totslllf¥J £nll (2024 - £3,144) wue payaNe to the furKI at the baLaKe sheet RELATED PARTY DISCLOSURES E4xY Limlted Is a rdaied paty as A Bcw, a Tr￿tee, Is a dlrector of that cKJnpany. DurfrKJ the year 31 D￿ltr￿ 2025 lfr Comp￿ wrthiseil 5er*& gThy)ds amwntirwJ to £NI {2024 . £8,154) from Walesby Fo￿st, Sup￿￿1 materfals to £35,990 (2024 . £83,230) to Wale5by F(xesL At 31 D￿kner 2025 athr5 In(knla1 ￿ amount of £27,275 {2024- £nll). ham fsythn Memrfal Tn￿ Is a rdated pJty as Davkl Huthy, a Trth, Ls also a Tnjstee of thit olty, Durlw the year 31 Decdniv 2025 the tharity aThwnts totsllkng £rai (2024- £2,(XXJ) to F(*est aty of ￿rOhaM ScrAtt Di*rKt Is a rElated ￿irty as D￿d a Tru*ee, Is a Tnth of that charty, Duriro tr£ year ￿ded 31 2025 £5201 (2024- £11,895) of wage5 TdabNJ tr) Nesta PaJe 31 a)ntIn￿l... forthe Yar Ended 31 Deewbw 2025 2025 2024 Dorb3tion5 ar￿ lepjes laft 3,035 41 I￿54 3,076 16,144 113,295 I￿,373 1518 Camp fees and aLtMties ca￿ Mbxed (ami* 736,563 764.9)6 241,960 253￿9 172,727 119,780 20?28 74J68 84,5Di 87,029 92,125 Wale5by I￿58,179 1?16, 3263 IlJ75 10,504 14,638 1,485,752 1,457,655 EXPENDrnRE Retsll exw Bar & c05t cl s*s Wages 828 85,477 24,742 I￿56 70,488 24,249 111,047 96,593 El￿t￿ty, gas & water Sundrtes 126,697 41,338 65.340 136,978 20,396 62,285 9516 84,020 313,195 Sanltsilon Ca￿led foTwwd 326*7 Thls p]ge thes ftym part of 4atstrKy firn4rthl Stat￿￿ts Page 33 313,195 13,220 30,21J4 89,264 33,843 114,085 I4,￿1 19,108 85.027 35M5 147,494 Athles & stxyt5 oteFtru a6t of sales 628,762 S93￿11 ManJgement Wages 738,￿ 682,0 36￿71 32,f4)3 47,304 33009 lo￿6 20,132 1.087 T￿￿hOne (Prnfit)Ila55 of tw¥itle f a 831fi56 769,fA4 FIMIIC 30￿ I8￿38 Tax*tlon 4,795 15,495 11)J85 A￿1 18,523 31275 33,320 1fi33,412 L514,EO9 (147￿) {rJ,014) Page 34