RÉGISTERED COMPANY NLTrI8EFL 07825870 (England and Wal••) REGISTERED CHARITY NUM8EIi" 1148237 FOR ThE YEAR ENDED 31 OCTOBER 202S FOR Daffem8Audrt Limtsd Coventy CV32U8
CONTENTS OF ThE FINAPICIAL STATEMEpirs fortheye•r•nd•d 31 O¢tob•r 2025 Ch•lnMn'• P•port I to 2 R•portof th• TN•i• 3 to 8 Il•wrtolth• Ind•p•nd•nt Audbrn to 11 SIthM ofFlftancknl Actlvltl 12 B•larK• Sh••t 13 14 Nd••to th• C••h Flow St•twn•nt 15 lo th• Fln&ncl•l 8tat•m 16 10 27
HISTORIC COVENTRY TRUST CHAIRMAN'S REPORT forthe yrended 31 October 2025 18m paSed to report that this has b88n a posth y8ar for the Trust, during w? 8th[d revenu8 susla1na.1Ity. 8nling us for the fit timè to set askle funds for(ulure repairs and maan. Thra has onty been wssibl8 thrOh the carefrjl management of our core costs. includlng a rwjuclion to single paid memter. The cnmmitmenl and hard worft Shown by that membaT of staff, together %silh thB ¢onsvJefabb èfforts of our volunteer trustees. been exceptronal. Wfilh our incontrg8nerab.ng wopwties w11r a Stable rèntal incom&. th• olhgr m8igT faetor hss been the transfer (l the oPera'on of oui tsvo PripaI publK&cing as8818 to partmr or9aniBation8. The yearf8 most Si9nffrant 6u(Ke6s has undoubtedty en the transfer of thg m¥nagemont of Charterhou¥e to the N8llonal Tnjst in J8nu8ry, wth tho recpning to lh8 publk In M8y 2025. VL8itor nlter8 during th fit months 8XC8ed8d 48.000, and it h88 been a pfea8urè tri many P8OFlg englD9 with thv3 markable hi$toriG Site. Th• National Trusf• mnberydhlp of more than five rnlllion has eteaty helped attract now wsitw, but eqL6al Imrtant has been tha Tru8f6 inveslment In staff, progrwnmlng. and events, whlch has enablod Ch8rterhcyJse to r8all8e Its fijll polenb'al. I would like to thank the National Trust team for their dedithn througUl thè year, and the National Lottery Heritage Fund for its continiwl pp)rt in fIng Stall and a¢tiwlle8 during the in6tlal glghtÉw) rnonlhs of Nationa5 Trust operakn. The Nafjonal TN8t'8 r strat8glG lo8 on urban ar•4s ww lJunch•d by Ihè Crfrector-G•neral at Chartethouse in January 2025. bringing the sit• 8ignffi¢anl national mgdij COVOTage. As p8rt of th18 SIrnty, Ihe Herltag• Park adlDlnlng Chartethou8e has ten enOfied 01 one ol th¢ Wronal Truatg 20 Grnen Corwidor¥ to dèllvemd by 2030. Thi6 haB brought much-n•d wDjèct margennt 8UPPOrt to help deliver the pr¢poBed 70-acre urban wlld$poc&. Sneludlng ned land transfern from the Coundl and 9 kK41 school. The John Mulr TnJ8t had pravkJu8ty lad Ihb8 pathershlp PTolèct, and we we graleful ongoing The inilal fiv&year pgrtn8r¥h• the Natlonal Trust Indudes conllnuod SrNofvement by Hbthrf¢ Coventy Twsl In Ihe fabric mamlonancé cl Chart8rhou86 ar¥J further investment kn the site. Thjrfng the year. wo continued on th• r•con8tructbn of the rnonast penti¢x wal, ftJn¢Jed by Vinhill Tru81, th8 Foyl8 Foundalth and the 29 May 1961 Gharftabb TNSL The pmi.ect ha8 prL¥notsa tradltional 8t080nry akllb, wmh Stone excavated from the site being cul dre8sed ty 5kIld craftsmen an •pw8ntJc•. brt( had pa(wd by the yoar end pen(h'ng tha uring olAddthonal lundmw. Tho man8gemant of Grade Il. Drgp8rs' Hall by th? pte q)erator DH v8nU h85 also had • 8ucce88ful year, hosb'ng a wlde of MUS events, wethJkngJ, conferen, and other actlvlties. ArourKI 8,000 sludents w•r• wdcomed to the build for gr8duali)n cerenv)nl89, and thg BID Award8 hèjd th•r• for tho rffjnsecutwe yeBr, Attend by 8PPToxim8t•ly 120 guests. Durtno the T, tho cn¢11 mpt•d the melty publi¢ realm wth• a918t•d rflh tt)e Burg88 1 Hal Street Heritagti Action InIale. These works Indutsd the rec¢)enlng of the Rlvef Shèthumo, the crealion ol a riversidg tiered 688Jng area, and 8wnific4nt 8nvlronmental imFwovements, Tha pmJoct, which cost in excess of £2 mlllion, wa8 part4unded Ihrough a grant fron Histoit EngLqnd •Jmlni8twed by th• Truat. These hwrovem8nts have alrèlty slimulat•d further investment. The Gnl has wulred adjoinlng threlKt proForty for additKJnal pvbllc rtralm •nhanc¢men( 8nd constwctlon of a now $nMII ret8il unf( ty th8 Trust comrnenced after lh• year end. Thls unft is paruy fund8d by a rEstricted grant receNed firm Histor England in 2020. Further propo15 trj Cinvert vacant wer Ilwrs Èbove the TruBf8 Burps prort into 8rti&ts' 9tudi0g And vinib)r ccommod4tion remoin wbi•¢t to fi4ndlng apprDvo1, but at tho of wrtllno are looking promi&ng- Progre56 on new proiecis ha8 generally tsen slower tttan we wouKI ha ¥Sh8d, due in part to fftnlted staff caPaty and the ¢onb"nuing ¥hort&3e of both revenue and wtal fuThling OPFKYtunilieJ in th• cuent econcrnic clirrth. EncouTrgingty, Government funding awarded afteT Ihe y¢8r end to (r dos8 pather8 Higtori¢ Engknd snd th• AJchtscJral Hgrits99 Fund has cr•at8d opportunities lo pro9rw th• Burg upper-fiwr conver8K)n. as a8 the parfy Comp liefOr8 Gate and NorGoTrfL*t Chopel proieGIS, whth have y9t to transfer intoTrust own8rshl Pago 1
forth• y•arKlbd 31 O¢tob•r2025 It has been a chauenging and unrtan pTr)d ftthe herttage s, bLrt th8 cvpaittinitr 8m8rgiw after the year oTrJ gtve grounth for oty'mBm. As our prinepgj ehallgngg wll te ensurirvj thatwe hav8 suffic11 FThty. I h'ke kn give our hethtt th*s Durtwn vtho SWJWJ d(wn as a Tru5ts0 $lW aftor th8 Y end. Alan one of OLr fouTrthg TnJste8$ and deth¢8knY 14 ye8ryJ of gervth to the oryanhakn. cnI•l, wannth ofspvrt gnd wlllngrws to Lpony task weator&mallwll bg sor¢ly m. I HaThd>in MBE MRICS •iman P•gg 2
HISTORIC COVENTRY TRUST {REGisfERED NUM8EIi. 078258701 REPORT OF THE TRUSTEES for the year gnded 311)ctober 2025 Tha t(U8tees who are also d1CtorS of th8 charity for the puiposes of thè Companlgs Act 26, present theif report with the finanaal slatements of the ch8rity for th& year ended 31 OCtor 2025. The truskes havo adopted thg provisions of Accounting and Repothg by Chartties.. Statement of Rec¢)rnmended Practice applicable to Charitses preparin9 their ac¢ounts In ac£ordance wlth the Finanual Rewfting Standard appli>le in the UK and Republic of Ireland IFRS 10211¢ffthe 1 Janugry 20191- Th• prinrAp81 otiiective of the Trust is'to pres9 for the benefft of th8 pjple of Coventy and of th• NaOn, tho hlsiorfcal, ar¢hitèclural and constructlonal herit8ge that may exlsl In and around Coventy in bulldlngs and other public amerities lincludlng any 8lructure or frrectn and any port of a building as so doffin8dl of P8rticul8r beauty Of hIriCal, archit8eluT81 or constnjthonal intern8t and ony worts of art or other rtems of historic value withMI Ihose buildings or publk wn8ni11gs'. 08JECTIVES AND ACTlVtfiES OblgeWv•s and alms Historic Coventy Tru8t 18 8n antrepren8urial harilage developmwrt tnJ6t, whkh alms to bfing new IKe I dtys herflage. finding knnovats'v• ways to $u8tain historic p18Cgs arKI to Inwfj. invth and cc4)nect P80P vAth the dt¢s hi810ry. Tha Fr8mwKJ51( &qroThnt the Trust dnd Covanty Clty Coundl remins fountlalion of our wo to unltr¥8h the potenual 01 Councll owned undèw8ed h1#tOf ploe•s. Of th& 22 hiitorfc propertie8 w¢thin tho Framew), all bul 3 hove now &n translèrred to thè Trust. A 2 year ¥xiension to the agfeemgnt Is in place to Cwember 2026 to allryw Iheso rInIng bullding• to be broughi bard fof trangfw. have 8 d•ep and genulne rtn9hlP wth Coventy Clty Coun1 and wa are Ind&bied to Merythf8 and Offic•rn lor their un81intkng SUPF4Jt. The herilagg dèv•lopment tru•t concopt 18 009 th81 cthlinues to gathw momentum naUon4ty. H¢rlt4e devebpmnt trusts sham a Unn9 cornrnilment to tho r•imaglw, repalr. and reuse of historfc Iwlldlngs of value to thelr Gcxnmunty. arè.. Mutti¥ulkd4ng d9vetoTs.' acqulring and managlng a portfolo ol h8rl¢op a58¢ts. to ueAt• an aconomkaty auglain8b18 modèl through their r•vanuo.rai$lng p)tgnll81.' - Community-bèsed partn¢rshlps.' 8ri8lng from lh need8 of 1r ecmmunlty, and W0j in p8rtnèrnhlp wilh local F4opb, bcal gov•mm•nl and10¢81 bu¥in•s8'. and Entrepreneurfal & Not for Profit. relnvestlllg thelr surplu8eB In and ueatsng addltknal •C4)nomk,80dal, enVw0nmtrI and ujttural vahJ&lor tly*r mMunItIeB. Followlng th18 thom8 of innovation, the Historic Covanlry Tw$1 te has been prknl8ged to ntInu0 our Wofk, 0xpori9n 8nd te$sons leamed with minl8ler8, goveir¥wl agend, l¢¢al authoritw Ihlrd 8edor0rganlBations0f thts year. Pago 3
F18TORIC CQVETrifRY TRUST OIEGISTEAED NUMBEK" 078258701 REPORT OF THE TRUSTEES forth• yew •nd•d 31 Octob•r202 OBJECTWES ANDAcnviTIE8 Ev•nt• and 4cllvltl Folkming the trpening of Chart8rhouse on 21 May 2025 under Natw)nal TTVYt rnanag8menL our o•m proownme of actMlie$ fcQJd primarity on th•AngiKan Chapol at London Road Cemetery. Th• srywaj of th• Natlonal Trult al Charterhous• has ailrted vlsitor nurthrs well in ex$ 01 knllial tsrget8. Their actNity pro3r•rnme indudgd the inslallation of Luke Jarram's Hellos, which proved extremely popular. tog8thor growing proaramme of wellbeing. arts. and communlty events. The independent cofo, owrated by Fam¥s, Fayre. has becomo a powlar deSnln not onty for Charterhouse vi9rtors aly for a wider Ictsl ¥udi8nc•. Wo have also obSe0d a notiQ8ble in(¥e88e in visitOTB ID Lontkn Ro1 Cernet•ry. many ofwhtyn discmw thè $ite throwJh Bnage £1 Charterhou66 OT by collecting Cery feanets there. At Lonthjn Road Cem•tsry, the NaOnal Lo(tery H8rflage Fund prolect condud&J In Novener 2024. Sln Ihen. havg contlnwd lo programme events •t the An91i¢an Chap&l through ticket4harè arrawmtrnts wilh parfomi•rs. DurirKJ the year. Math Jgnkina pr•8•nted Jrther &ItronIC concèrts, Ayr8s and Grac8S retume(S for a Christrnas rfornc0. #nd we wekom&l a r•ng• of now perfomigr¥ Indu(Jing 8ehind th¥ Door Producti& Gr•g Abate, SaGmd Funk QuartoL ond Sound8 HlgkJrf¢al, offering a v•Md rarr$ mu81c and drwnu, Our Chtl6trfi88 wffjath-maklng and ¥Ut¢hlng Worksho ou( and vgnue hlre8 incr•a8•d nffic•nty. Iv Dykg ¢onllAued to u4 the Ch8p81 for yoga and photography event8, while new hirers introduced aGtNrfes 8uch as 9ound bath8 and wdlbeing days. Volunlary Action Coventry also hirwj the Chap81 on a monlhly baw8 fw Its C1 CentrAI programma. which b r•duc• sodal i8olatJon. Durlno the w• hothd w8ddlw8 8ThY funw•b. both of whlch rnpr•8enl 4r•88 wlth pat•nUal for lurlher gwth. Bulldlno on th• 1Dttary4jncd ThInn0 Space events hèld in 2023, we opgned th• Chapel on Frfdty oftemoons dudng the schwl sumnw hothd¥y$. offerkng free tours talks. Thèse 8ession8 attrth regular group ol local Car 0$ We as vi8lkys who had flr8t Vl8k8d ChartorPDwo and thgn explored thg metsry. Th• An9llcan Chopal wa8 al open for ftyjr public OP day8 in partr)eTshlp wllh the Coventy Famlty Hlsl Srxiety. alongshl8 guided cemetory tours. VV8 were ple99ed to Introduce new lour8 by Irxal guides Adar k>)d and Jo Ph6W, who akwj PTOWt¢d an rnmersive ¢hc4er• ophlèmEc èvric. For Heritage Ow DAYS, thi8 yo•r we wed the Anglui Chapei, Pdory Row Cottego8, and tho aty G8 to the publk. Publlc b•n•fft Tho Trusloes ha (Lrylwj with thèir duty under Ch8ritioJ kl 2011 ar ha pad regard to publc bgr•fft when praparirv4 this rwt. Th• benèfit ldj to th8 publ1¢ wnsistent with th• dwritabfo m6 of Hlstorfc Coventy TTU8t8nd in duè r•gard to the Charity Commwn guidellneB. P¥4
HISTORIC COVENTRY TRUST IREGISTepED NUMBER: on2fj870) REPORTOF THE TrUSTEES forth? Yr0nd• 31 Octob•r 2023 08JECTWES AND AcrivmES Volunteers Our volunteOng programme conMu88 to be centred on the Anglun Chapel. SUppted by a c¥>mmrtted team ofVolunte who asg81 wth events, lead tour8. and dollvwtsiks and pr8S8ntsbon$. In Januory, a group of volunteern met to dltrnS Way8 in which they coukl ftjrttwr thu woth of Hl8lort Coventy Trust. They $ubsaquenWy dwebped a presentaon ab(rt the Trust and London R(d Cernetery. which they now ¢Jdiver to loc1 Wl. hi#tory. churd) gTOUP3. The8e preeentstion8 have generat donations, nwuests for prrvate cemetery tour8. and Increased thvareness rf th& Trusts acros8 the eommunty. The vojuntetsr thoir ha$ c4nlinu•d to go frcth strangth to Strength. Tha chdr pèrfomi•d an01P Christrn8S conc•rt and aang at the Pgxton Memml Day and of the Frtsjay afternoon open se38lon& ATound 12 wo• particApo regUrtY. In Dorarfbar, we hdd An Infofmal Chrf8lmaB gathering ID thank all our volunt••rs for thèir invaluabkn eort throughout th• ye¥r. A vFtsI of 8u¥lailling our com81 from the gen•roslty of Jr regular and one4)ff O)nor•. ar• xtremdy gratthi to waryone who ha8 Support HL8tort Coventy Tn Ilnandqlly, whether thrOh larg• contribution8 or gmallar Individ4• ktrJnatKJn•, ov•r lh• past y•ar. pl9¥ JUPPJt u• thTough Loc•1 Gmng.. hlWs.'IlkcfvlTrJ.orWch&ritythi8torko)ventytruBV AcHIEVEmEF AND PERFOIIMANCE Fundr4hlng aetlvttlo• Tho charty do&s not out signtant fvndralslng aclth fmm th? gwral publi F114ANCIAL REVIEW RM•r40ts pollcy At th• yèar end th• Tru8t ha8 unrolcted fund¥ gf£113,987 and Tr8tfKted fundsof£18.818.481 Th• tnJ8te8B havg deBignated a Bulldlng Reeerve Fund of £50.000 to ensure Ihal th¢4 properthw in Ihe Tvujfs cwner8hip are maintsifvj in good or(ler and that future repair costs are •dequ9tety r•80urced. An annual Ilftrcyclo e81imalg wlll be devek¥d for the estale and the annualknd amount 11 be sèt 88hY• yMr from total ientsi ino)m8. The akn 59 to hjld freg rv8¢rve8, Ihat Is nStrICted fund$ thal we not deslgnatsd to C4Mr rbet Intere* and nal ovetheads for a Fertod of 8 month8 of opwallons ICAn9 loard8. Atlh• yr end frw ro8erve& were £63,987. STRUCTURE. GOVERNANCE AND PUNAGEMEKr 13ovgrnlng document The eharity Ls controlled by its goveming th)cumenL • d•vd cl trugt, end ¢M¥16ttrtM 41kn6tad ¢¢)mp•ny, knilied by guarantag, as d8fin8d ty Iha Compank8 Ac120C6. RBvrullm•nt •nd •ppolntm•nto¢ n•w tru•taoB of th¢ are ClpIed by extsfjng Tntst¢e8 lo malnlaln or augml the of thll$ and e>w8ri8rva E4)wopriale to the n88d8 and activts'e¥ of the Charny and subsequenty pn)p08ed for ejecwon by M•nb•r8 #t the AGM. Pagg 6
HisfoRIC COVENfRYTIIJJST IREGISIERED NIXIBEK. 07825870) REPORT OF THE TRUSTEES forthe yMrond•d 31 ora0r2D25 STRUCTUR£ GI)VERPWICE AND MANAGEMENT Rkk managom•nt The Tru$t••s hav• cth$idgrgd the to whlch #Te Clw5ty IB exp)E•d have Bali&fipd thwnthg¥ that syst$ and albwances are in to menage these risks. The follun9 rk tr£mB have ien Idenmed 88 mat¢rl.' Op•rntioMI Co•t• Folkhving ts IlUctlft kn staffing last year and the briThJing In of nsw OPBrators for Chartethou8e and Dra¢ Hall, tho OPBr4Jng ojsts cl the Trust are tightty controll&J. Incleases n incunB from nagornent arn b8WAing to funding fOrfure lamc repalrs. D•llv•ry l••u•• Th• 8xts)rdlnary tse In con8trudlon rAAts In Ient yearn has calm&J, but the Irmg88d ¢t of evowlng m•ans can don• for ihts 8aTh et The ¢)Mt i8•u. ¢cmbh)•d wlth thè tlght•)Ing of wbllc fundlno and nUnt laGk of grant4 has mad• it dmcult to brfng foard tha n•xt prol•ct8. ah¥ays ntic4pated a 8bth¥n i) wtor•tbn actlvrty fc41ryMng tho dty ol cvltur? pak in fundirwJ, th1$ ha8 boan eX¥arttl by tha cJJff•nt a0)n1C climat•. staff and r•¢wllm•nt l••u Th• TnAt (lY h8• on• ffl•mr of •lAff. RKThkn•nt ol •t)Jthw daff m•rthr is rw If fundwhg gourc•d for tho nexl project8. ReFEFIENCE AMD At)MINISTRATIVE DETAILS R•gl&t•T•d Compony numbw 07820870 (Engknd and Mle81 R•ght•r•d Ch•rfty numb•r 1148237 R•gIornd olfi¢• Draper¥ Hall Baylgy Lan• l Mklland CVI 5RN A R S Duth8m (rened 3.11.251 l D Harra)in JEGM8gfW M P Ratdrffe J C Ruddkk Bssang Mswebb A B Imielan CJNa A Lw lappolrrted 3.11.25) Cempany S•cr•tary J C Ruddick Page 6
HISTORIC COVENTRY TRUST VIEGISTERED NUMBER. 078208701 REPORT OF THE TRLISTEES forthe ygar •nd•d 31 Octob•r 2025 REFERENCE AND ADMIP41STrATIVE DETAILS Auditor Daffems Audit knrnited Chart8r&l Aotrnts One Eastt4fts Harry W¢ston Rood. Blnl8y Buslne58 Park Coventry CV3 2UB Slatutory Audltc Bankern Hand816nken Ground Flc<Jr Entyrprt8e C8ntre Technolo9y P8 ECG4 Puma Coventry CV12 Accountsnts LDP LuLrnani 1110 ElOtt Court Harnld Av•nu8 Covènty 8ugkn888 Park CV56UB STATEMENT OF TRUSTEES. RESPONSIBIUTIE8 The tw$t8•$ (who are akn directors of Hi8ton¢ Cov•nty TnJ81 for th• pun)09•8 of ¢¢rr4Mny l•wl 8rn rn¥onstbl8 for preparing th• Annu81 R&rt and tho finand819tst•rr¢nts in a¢C£)rda with gppltht4& law and United Kngdum Arrn11n9 StaThrds {UniW G¢n•ralty Accaptsd h£counJng PracUG•l. CompBny rer4uire8 the trustees to wepBffj finanraal 8tst8m8nts for 88c finonaBI year. Under that law, the tru8t•es have el8cled to prepare the flnanoal statsm8nts In ttcothnc vhth Unttod l¢Jwdam Gemrally capt•d Aeeounllng Prpxbc• {Unlt•d lQnoaom Ac(%)unbng 8tandards ond wlka4• I1. Undar compAny law the twstee8 nwst not approve the fingnci81 Btatem8nts 10$6 Ihey are s8li6flod Ih•t thay give a true gnd falr of th8 8t8le of affaiTS of th& charltable company and ol the Inccthng resrCel and ppllcauon ol resources, Including incom• and expendrture, of thg tharit CMpanY for that perlod. In prepwSng lho flnandg18tstement8, th• rnqulrnd sew suKable ac(JnI poleS and then aFpty them CC¥1¥tOnty'. ¢thÈN8 m•thods and prtnclple6 In the Charlties SORP: make judgements and estimatss that are reagonabbe and pnthl.. parn the finand818tatement8 on thè concwn bAsis unleBB 11 is aPpr¢Prite to prnwme th•t th• arftabl8 conyny VAII oJntinu• in bu8lnes•. The tnjstoes arè re¥n8[b for keeplng PTOPef accounlkng records whk dlsdoso with wsonable aLuJr at any time the finanuol p05itt•n of th8 charilable company and to enable them to ensure that the financhql slatements comply with Ihè Companios Act 2006. Th•y afv also r8sponwbk for 8aiegu¥rdlng the assets or the ¢hw)table wmpany and hence for t8klng rn88on•bl9 8t8ps for th? ptwontion •nd dotK¥on of fraud aTr other Kreguknritie¥. STATEhlENT AS TO DISCLOSURE OF INFORMATION TO ALIDrroRS So far as the tnJstee6 are wware, there ts no relevant Inf0Mtion la8 d8fm8d ty S8Gtion 418 of tr Companies Act 2[) ofwhich the thaJiith company'8 awlrtors aro unaw8ro, and h INst h8S taken 81 tho steps thal Ihey ought to fvave tak8n as a trustee in ¢yder tD make thwn 8ware of Èny wtht InfumtIOn to estab4Jh Ihat th• charitae tpanY'8 au(Itixs •rn ofthat krfomabJn. Pa99 7
forth• yw0n 31 Oetob•r 2025 AuorroR8 The 4uthrtor4 Daffem• Awllt Lkrtsl. wlll b8 rcptsed for rwoinlmanl al th•frthcxwniig Gnw ++ Thy6 rw bo8n y4Ared in 8Lwrdfftx aFcknI prov18 of Part 16 of tho COmni•S 2CKfi rdAting tr) 8maN onI8& y dth9 bogrd oflftth on 29 Juty2026 and Ite behawby. l D H1n. Thmtoo
REPORT OF THE INDEPENDEwf AUDrroRS TO TFE MEMBERS OF ISTORIC COVEPnRY TRUST Opinion W• havg audikd Ihe finandal 8tstemerrts of Hi8tQTf Cov8nty Trust tthe '¢haritable oynpanyl for lh• year ended 31 October 2025 whlch comprfsa the Ststem&nt of Financ4al Adwti•s, Ihe Balance Sheet, the Cash FleN St81gmenl and note8 to the ffinan1 8tatem8nts, indLhJing a summary of &gnifllnt 8¢Y4)untlng pol Th8 finaNxaJ rpporting ftameworf( that has trmn applw in Iheir preparation k% aForicaa law and Unitad ICmgd¢m k¢ounYng StandaTd6 Iunlled KingdLn Gen$r•lty Atsd kmunting Pfa¢lkel. In Ourqxn)n thg finanLial stai0mets'. . gN8 a trua 8nd fair VI of the State of the th8rrtfib aff8fv8 98 at 31 0cober 2025, and ol MS InjMn9 r•8ourc•s and appfic411on of r08ourB, Includlng Ms incem8 and •yndthre. for the yr then ended.. . hAv8 been prop•Jty pr•paj th 4CCOfdanco th United lQnodom G•n8rn1ty AethFled Unn0 Prth,. ond . been Ixep8r&J In a¢rAwdanL vAth the requSrements of th? Gcmpanbs £t 2008 and t Chath fv£t 2011. Ba•[• for oplnlon o)ndud our aud In acc4rdance with Intemabonal Standwd8 cfi Audmkng IUIQ (IS48 (UKI) and arplkable knv. Our responsibilMes under those 6t8ndaryJ8 ar• furth8r de8criEd In tho Auditorts, re8ponsibiltti•s for the audti of tho financlal 8totements of our r•p¢iL Wa we independènt of th• tharilable ClpanY kn acojrdance with the 8th11 requireTn¥nts that are rethnt to our audlt of the f4narKpl statsmgnts In the UK Includlng the FRC'8 Ethlcal Standard. and wè ha¥e fuffllw our other 8thir41 r8Jponsibilth88 in OCrIanc? wilh the88 requiremènts. Wè bèlleve that the aLtdl evidert8 hawj obtsin8d l• suffld•nt and approprfat• to provth a b•81• for ouronton. Conclu•long r•latlng to golng cone•rn In auditsng th8 flnancwl statement$, wo h8ve condudvAI that th• truJt•O8' of the golry conc•m bath ol a¢kntg In the pwaratIC ofth• fknand#l 1•mIntr * •pproprf8t Sed on the wuk w6 hav• parforrmd, wo hwt not kJenthThed any mAtortal unc¥Jrtakn11•8 relatlng to awnt8 or condltions thgl, In()NKlual QT lleCly, rnay cast svJnrftsnt ¢S)ubl on thg charitabkry compang8 gbilty to continue a$ 8 going con(xm for a wriod of at Lgast twdve nThJnth8 from then the fin8nrAal 8tAtem8nts Jr authorloed for188. Our r•sponbillos #nd tho M•pon•ti IINle8 of trust wlth rw>•ct to golng (•n ar• dIbad In tho relwant •ocUon• ofthls roport. Oth•r InfoTmatlon Tho tru8tses are r8$poneibk9 for the oth•r information. The other inf0Mon compd8a8 the infomiatrjn Includ•d In Ihè Annuol Report. other than th8 finoncAal •tat8monts and our ReF#Nt of th• Indepondont AudAorg ihoreon. Our opknton on tha flnanthl •t8tsmonts not r>Mr thè other Inf1011)ft . 8xe4)t to th8 OXteFrt oth•Is0 explrdty 8labJ In our wo¢ we do not express onyfoffli of assur8 tr)rKIlOn I00n. In COnntn wlth our 8udll ol th• financhl 8tat8m•nts, our rosponbil1ty 18 to road lh• other inbrmg¥on in dolng 80, cornd¢r wh¢ther the olher InfomaD h matwkfjlty inconsistenl with the financA81 statemènts cx our knowl•dg8 obtalneil in the audit or otheNe aprwrn to be materialty mlsstatod. If Kjgnfy Buch materfal Incon81st¢48ts or apparent matarial MiÈ8talemts, we aro rUl[j to detemine whthr thls glves rfse to a materlal mL8stalemont In the fmanaal statements them8efves. Ir, based on tho worK w• hav pwrfonned, we conclude that Ihgrg is 8 matsrial mtsxtatwnont of ihts oth•r infoTm•tvJn, wo ar• rnquir•d to report that lact Wè hav• nothing to raport In thL8 rngard. Oplnlon• on other matteT> pm¢rfb•d by th8 CompanlM Act 2006 In our opinicxi. bas&1 on the work undertaken in the USe of the audSt'. the inf0mtIon gwi the Report of th? TnBteg6 for flnandal whrh th• fin#nrAal atalwh8nts are prepared is consislentvth the finanoal 8t8tements'. arKJ tho Reportofth• Trustè8s has boon pYepar•d In accordanc• wrlh appllcabh ru[remant8. Page 9
REPORT OF THE INDEPENDENT AIJDITORS TO IIEMBERS OF HISTORIC COVETrITRY TRUST Mlt•rn on which w? arn y•qulr•d to r•port by •xpIlO In the lighl tsf the krttmledge and understandlng ol the ¢haTitsble ccmpany and ts environment obtalne4J In the ourse ol the audlt. we have not identilled materlal misstatements in the Reportol the Trustees. hwa Mthi9 to raport in rospect of the fdthxing mattern where the knpani•8 Ad 20C6 requlros to raport lo you rf. in our opini. adequate 8rKountlng records have Thjt boan ket4 (kn$ adequate for our audit have r#)t teen rfuJNed from branches not vlslted by ua.. or the financL41 ststrnts ar8 not in agreementvALh tho n11Nd rw)rds and or certain discbsures oftrvstoeB' remungr¥lM sp8afwdd by law are not made.. or we hAvè not receNed all the infonnalion and explanations we requlm lor ouraudrt or th trustses wore not 8ntlYsd to tske advantage of th¢ small rmpanIeS ¥x•mption from the quIrnt prepare A Stra*lc Report or In WalIng the Rewrt of the Trustees R••pon•lbllld•B of tr4•tOOB A6 8xpl8ln8d rr)1? lully in th8 St8temenl of Tru?teeB' Re8w1nbI1thg, the In48t•es Iwho am thè dir¢¢t of the charitable eompany for the purposes of comp8ny ) are r8w)cnsNe for tho weparatn d lh• finaTrdg1 statements •nd for tolng s•ti5ft8d Ihat thoy gN8 a true and fair vmv, and for such nlemal control 08 thtr trusts¥8 detem7in¢ 1$ nocessory lo enable lh& preparatson of flnarwl statements ltr1 8rn fr88 from matsi81 m168tstemenl vA)ethordue to ft•ud or error. In preparing th& finAniy81 $t•ternonl8. tho Iru¥tO88 Arn r&$pJn8lbte for •$wueing th• d)gritable o)mpanl• 8bility to conttnuo 48 8 golno Kincem. di%103ing, as appll¢able, mattwy lated to golng (x)nrn and u8lng tha golng ¢onc•rn b•sis of 0)Unng unless the Iru8tees ellh¢r Intend to Iiq¢JKlats thè tharilatyle company or to OFernJon4 or have no rN5t1¢ altwrti¥O bul trt (b so. Pw910
REPORT OF THE INDEPENDENf AUDITORS TO THE MEMBERS OF HISTORIC COVEllniY TRUST Our re8pon6lbllltlos for th• audltof th• flnancil tst•monts Our objeclfvèÈ Are to obtain Teasonabl? assurance about whether Ihe financi21 ststèments 8s a 019 afe free from mrial migstat8m8nt, whether due to fraud or error, and to ISSU8 a Roport of th& Independont AuditL¥s th81 Indudes our opinton. R&asonable a¥suranra is 8 high 18vel of assuranch. bui b not a 9uarantee that 8n audit conducted in aeL0rdan wlth IS4s (UK) will aw5 dele¢t a matsrial misstatement when it exists. Mi4statements can arise from ffaud error and are conSered material rf, individuolty or 5n the aggregate, thay could rea80nably e>Frfted to influence tho economr dec431ons of usws t&en on the basls of the8e n8rKI statsments. The extsnt tolch our prc¢edurn5 are tspabl• ofdetecllThJ irreguLqrilleB. Indu•ng lrnud LB d•taH&J bethv.. Irwulantiss, induding fraud, are instanw of nonvcomplianca with laws and rogulation8. We design procedures in Iln¢ wfth our respon8lbille$, outlined above. to dele¢t matsrtal m1s6tat+Trts in r•speL of Irregulèrities, Including fraud. The 8peafic prctedures for this gngag8ment •nd the •nt to whlch ar• c¥pabJB of detects.ng Irr•9u18rii¢es. Including trau¢J is detalkgd 1(. - Enqulry of manawenl, th080 charu8d wlth eManC8 oround Bdual and poten11 gnd L%al)Th.' . Enqulry of •ntlty 8taff in c4mF44ncé fCtiOn8 to Onfy any Intsnc8s of non4ompMwc• Im aTrJ regul8lknns', - mbnutes ofrroUng$ of Ihogo char wlth a0MIne•., . R•thlng flnancSal stalgm8nt dI¥dU5 and e8ts"n9 kn 6upportlng dooJrnentsti¢m tt> 089 ¢>Jrylwnc8 with SPIcabkI laws und regul•lion?. - rfolIng audll work over rfsk of manaa•m•nt ov•rrbdo of Contr#, InCIlir4 tn9 of Iwmal Mtrl and oth•r adju$lments lor appropri8teno88. evaluatlig the businé88 rgtrJn8k of ffjh3nif tran1 outsth the no41 COUfSg of J61$S and rèvknvlng ac0ling gstimat¢s fc¢ bL Bacau8e ol the inhorent limilations of 8n 8udl¢ thorn YJ A risk th91 w• w511 not dotect all Irr•gulorftt••, Itd)q thoge leading to a materfal mis8tatement in the finand818toiemenl8 or non-o>nTanee wth r•guiation. ThiB Sk increases the mwe thal (mplianC& with 818w of wulgb'on Is removed from Ihg events and Iran8ackni r•fl8cl in the finandal statem8n18, 05 we w1 bo less Ilkoly to becm aware of in8lanrM of nonthcompli8n¢è Th• dak 18 also grg•tèr regardlng Irr8guLqrltw cthjrrfng due to fraud rthr than •Thor. fraud InvL4vos Intsndonal concealment, forgery, lIS1on, lx M18r143n. A fiJrth•r deÈcrfptbn of our respon81billlle8 fDr the audk ol the flnonclal 8tat•ments l• •t•d on the Nnand81 R8porbng Coundfs b9119 #t ww.froorp.ukl8udltWB8p)n8iIJ'l0$. Thil de8CtI)n form part of our Rwrt oftr* Ind•p•nd•ntAudlttyJ. of our f•POrt ThL8 report made sdely to th8 ch8rftat40 company8 Mb8. as a b¢ty, wlth Chawr 3 cl Part 18 of the Companies Act 20C6. Our audit work ha8 bfjen undgrtaken $0 Ihal wè mvdht Slate to th• charitable mpa'S Membe Ih¢6e matters w• are required to 8tal8 to them in an audltorB' rèport and for no olher purposts. To the fvlle¥l éxtent pemiittéd by law, wo do not aeegpl or assume responslbllty io anyono othor than the thariiablo Company and th& chartsble c4mpany'$ m8mber8 a8 a bcdy, for our audit woth. for thls report, or for the opSnkJns we have foryned. Geoffrey Cox BA FCA (Senr Slalutory Audrtof) for ¥nd on bghall OF DaffemsAudit MItl Ch8rt8réd Accountsnts SlatLhtory AuditoT Ha Weston Road, Bu6ines8 Park conty GV32U8 Pag811
STATEMENT OF FINANG5ALACTMTIES ONCORPORATING AN INCOME AND EXPENDMJRE Accoupm forth• y•ar •nd8d 31 October 202S 31.1025 Toial 31.10.24 furKI8 fvnd6 INCOME AND ENDOWhlENfs FROM Donations and109acie9 14.ge1 150,800 165,761 543.1n Chrll•bl• athtti PTe8èryalk)n d Histotk Buildin98 OthwtsrwJ adMtioB 6.253 6,253 15.843 8.573 216,913 8.573 216.913 20,401 205,165 Totsl 246,7(M) 150.800 397.50) 784.582 EXPENDrruRE ON Rai8ing fun 60,038 80,038 55.883 Charttsbl• •ctlvltl•# P(•t)n of Hhtorfc BulldingB Tgtal 147,B58 16,319 164,175 432,444 207,894 16,319 224,213 488,127 N•t gaIn(kn#) on Inv•6lmonl¥ (71 {7) NEf WCOME Tr•n•f•rn bolwn fund• 38,799 (1.881) 1,481 1,881 173,280 20 N•t mov•m•nt In lund8 36,918 13e,362 173280 293,455 RECONCIUATION OF FUP¥)S Ttst fvnd8 brDughtloThvard 77,089 18,480,120 18,557,189 18.280.734 TOTAL FUND8 CARRIEO FQRWARO 113,987 18,616,482 18.730.489 18,657.188 Tne n15W fcffm part ofm88e i(n8nthl gt*emants Page 12
HIBTORIC COVENTRY TRUST IREGISTEIIED NUIIBEFi' 07825ml BALANCE SHEEr 31 Octob•r202S 31.10.25 31.10.24 Total fvnds UnStriCted RestriLéd nds Notsy FIXED ASSErs Tan9ikAe 13 14 492,109 42,109 477.109 18.963.744 16,963.744 18.843,534 Inv•glm•nts Investsnents Invosknent prcp•ty 15 18 4,815 4,815 1.000,00) i.cJO.000 1,LNJO,000 4,815 18,455,853 18.480.868 18.325,485 CURREKf ASSErs 17 15,416 214,059 57.420 387.849 448,087 54.156 Ca8h at bank and in hond 173,79J 215.794 229,475 445269 502243 CREDtTORS Amounts faltirq duo vrithin y• 18 {106.S22) (e8,848} {175,488) 1270.519) NET CURRENT ASSETS 109.172 180.629 289.801 231,724 TOTAL ASSEfs LESS CURREKr 113,987 18,616,482 18,no,468 18,657,189 NEf A88Ef8 113,987 18,618,4f2 18.730.469 18.557,189 FUNDS Unwtrtt&J fund5 Restn'cw fvnd$ 20 113,987 18.816,482 18,480,120 TOTAL FUNDS 18,730.469 18,667,189 Th•a• fin8ncHI stataments hwe b8•n preF4red In ac9)rdan vAth the provknhy 8FpIc•e to chgrifab comp8ni•8 6LJl8ct to the smal c¢fflpgnieB regime. Th8 fkn8ncAal 8tatwnents wore aFprovgd ty the Bcrd of TnJsI and for on 29 Juty 20 and wexe sign on rts 08ha by.. l D Haffobin. TnJBtéè The Mtes form part oflh898 frfk7Th1 statem8rts Page 13
HISTORIC COIfftNTRY TRUST CASH FLOWSTAIEMEKr forth• y•ar•thd 31 Octob•r2025 31.1025 31.1024 Intw•8tpaid 145.305 (18) ca&h FWDwdedby OWTating &tTrifo88 588,766 145289 Ch flow4 from Invotstlng g¢tfvttio• Costs of bulldlng5 under renovabon Pufthage & r&novath ofheiits&vas80ts Interest rec¢lvad (15,Cth} (120.210) (S6.027) 11n.1051 501 137 1135,0731 (227,831) Ca•h flowrys from )In•ndng a¢fvltl•• ban8 in year loo.10 (100.0(hJ) N•t4x•h {u&thl tnyprovKbd by I[nWrg 1100,01)0} 100.000 Ch•ng• In ca•h •NI •h C•Bh and ¢a•h oqul¥al•nt4 al th• Innlng olth• t•portln9 P•rtod Ca•h and ca•h •qulviknl• attho •nd thlthg t•PDrtlng pwlod 17.858 54,156 387.849 54,1 Poge 14
NOTES TO THE a4SH FLOWSTATEIIENT forth• y•ar ond4d31 O¢tobgr 202S RECONCIUATION OF NEf IMCOhE TO NET CASH FLOW FROM OPWTING ALYMTES 31.1025 31.1024 Not In¢omtr for the roporting porlod (al p•rth• Stat•m•nt ol Flnanclat Actlviutrsl AdJuslmort• for 173280 Interest DlvldendJ DreaSel(li(¥eI In debto IrKreo8elldeueasel In Cfedito (501) {137} 390.667 4,949 1109.557) 141.108) 588,788 145,3Cfj ANALY818 OF CHANGES IN NEf IDEBTWMD8 At1.1124 Co8h 31.10.2S N•t h C•8h at bgnkand In hand 64,158 &33.693 387.849 54,108 387,849 D•bt Dettslallng vAINn l y• {10),0Tr)} 1),&)0 100.IN]O To {4S,PA4) 431893 387,849 The notob fonn p•t 01thrMancl Ital P8 15
HISTORIC COWENTIN TRUST NOTES TO THE FINANCIAL STATEMENTS fortho yaar ondod 31 October 2026 AccouNllNG POLICIES Ba616 of prgparfng the flnan¢lal ¥tatgrn•nts The financial statements of the LaTbtsbb company, wh(ch 18 8 pubHc benefft enffiy under FRS 102. havè been prepared in accordane wth the Charilias SORP IFRS 1021 'AcQnting and Repcrftir¥J by Chatibes". Statement of Recomm8nd8d praCte appknrAbk• to charilies preparing Ih&ir 3c¢cwnts in •ccordan(x wth the ReFK)rtlng StsThJard appIab l) thè UK Repubjb of Ireland (FRS 1021 leffethe 1 January 2019),. Flnancial Reporbng Standerd 102 'Thu Finanaal Rgportlng Stsnda plkobb in the UK gTrJ Ropubllc of Ireland ond the Companies Act 20CE. The financid 8tatement8 hwj been prepared undar the historical C( nventh)n. with th• excopkn of Inve81ments whlth arg Included at mathet valve. Os mrxlTW by rwaluatK)n of¢ethn aet8. HHknrfc Coventy l# A prhate charStable ¢¢fftny, linited by guarantee, and r8glst8rJ in EngL8nd and alas. In the event of tho bakng wound up, tho in re8P8Ct of lh¥ guar8nlee 18 limited to £10 w methr of chahty. The addres8 cl the regLst8red offic4 IB guvon Sn the charty SnfoymaDon on paoo 8 d Ihe8e fiTra 8tstsft. Tha nature of tho chaW8 operalKffts and princlpal actmbes dotsl8d in Iho report ofll Irust8tt. The flnanaal stalemont8 fjr• prneent•d In 8torflng whlch 18 the I)JnIOnal TrenGy of the Charty and rounded to the noxesl £. Crlucal •eeounllng lud9wn•nt• #nd •ouru• ol ••tlmAtlon unc•rt•inty The pr•paration of tho finanelal 8tst•rnent8 rwuires managtsyn•nl to make judgements, •8Ymate8 and 6umpkns that allect th8 amount8 r•pknJ. Theae ¢fytimat 8nd ju(Jgements ar8 t¥1 reVIe•d and arn baw on •XFeriwTh and Otr factors, Induding expecth'ons of fulure ovonts that ar• belknd to b• reg8onth• undgrlho drcumitsntx. In¢¢xn• AJI in¢)Jne1s recognlsed In tha Statament of Fhanc191 A¢bWo8 on¢ the charity has entitsment to the funds, r( is Probkn that th• ino)me w)11 bo rerW and the amjnI be measurod rellabty. Inu)m8 frcm arn rttognlgéd vthen the Chgrfty h86 onifdwnt k) lh• fund8, any rfoanc8 t4)ndon$ attach1 lo th8 gr8nts hovg bogn mo( ft18 Wob8• that the Incom• wll r•¢ed and th• arTh)unl t%8 me86ured rdiabty and not detsrrnd. Exp•ndlwr• LknbiJiti88 ar• ¢01Ved •xpendlurn 88 so • th•r• 18 a legal cr n&tructIV• obllgatio canmltung th• ¢harlty lu that 8XPgnditwe, it li pmbBtAo th81 a tran8ter of econtJnK bfjnafits 11 be ulred in 88tt18mont 8nd the amount of the oblwJ8tion c•n b6 mea8ur•d MIlAy. Expenditur• 8Ctounled for on An 4Kcrual8 bgilB aNI has be&n dasslfied und•r h•ading8 th81 fjregate dl relalgd lo th• categDry. Whgr• cu8ts oannot bo dlrgclly 8ttrtbut8d lo partl( heajings tw have een allccated to acuvldès on a bqsls consi8tent wth the UAe of ie8OUTce8. Irrraa VAT li ¢h¥yd a8 a eoBt 8galnst th• acywty for whi( was InrTed. 8ulldlno8 und•rrnnov•tton Cortain are not currgnlty by the TNst or 8ubt to a LorYJ Lea88. but th8re 18 gn 6xpectal(on that 0e renovativns h•v• been ccfflpb•t•d, Ihtn th$ 11 b•coma Own by the Trusl. As su¢h, assets of this type ar¢ wtalited a8 A88ets undèr Rènov8b)n until th•y hav8 b•8n fornalty acqulrod by the TnJ8t8twhth point th will b• indudgd 88 Fknritag8 A88et8. H•rltlg• as•¢l• Hetitage assèts purGhasthd are kn111811y 8t $t No heri asyets have bean Ma11. Fkntage a86ets aT8 catagori8ed into eith•r OFW•tThal h•it49tr 4¥80ts or norFop9ratiaI hgritage Orwalic)al hertsge assets are prOpty h8kl in pursll of the ovwal ckni8ctvo$ but are a80 uséd ts rebwue generntion or olh8r nontsTt*Je purFo8e8. Pago 16 eonllnued...
HISTORIC COVENTRYTRusr NOTESTO THE FINAt4CIALSTATE%IENTS. eontlnu•d for the yur ondgd 31 Octob•r 2025 ACCOUNTING POLICIES- contlnu•d Horttag• 8B80ts Major refU1$hm8nts and renovatiw woths on Operatn h8ritage a5ts. including related prOfessn81 f, are c4prt81i8ed and depreciabj over their useful e¢0M1C 6. It dwm8d Ih#t lh• Jsts trJ dats have an indefinrte frfe therefore no dweaabon is provlded. 'or refurbbshmgnts and renovation wort8 on noTropornlional h•rflago agsets ar8 not c•plialhed Iwl Up to th• year and all h1139 aseats ar• de¢m¢d to be operaknol. Inv•slmont property Invesfmant property k4 Shown at m08t recent vahwth)n. Any agoregth 8tMplu8 or dddt arfwng frun chBnge$ in lair v8luo Lg rewgni8ed In thè SLamt01 Finandal Actfvnt8S. Taxatlon The charfty L8 exew fwdn cupyaJon tsx on charflablo a¢Ovlll&6. Fund •ccountlno Unr88tfkted fijnds can bè used In atcordanc with the ¢harllabk• at tho drelion of tw8tee8. Re8Mctsd fvndo un be u8ad for p8rtkuL•r ro8lrict•d wrpo888 wthln ObCts of th• tharity. ROBcli0n8 when 8perJfi6d by the dorKf or wh•n fund• am ralwj l)r p8rtsgJlJr rnslrkntod wrpos•s. Furth•r onaln d th• naturn and puryThe al •ach fvnd b• Induded In the notes ty tho finonwl Pon•lon ¢o•ts and oth•r P0rn•nt b•n•fft• The ¢harft4bl8 opwatss a defin&J contnbudon wnsbn schem•. Contrfbutlom payablo to the Chartsb companlg pan8ion 8cheme are chary•J lo the Statsm•nt of Fln8ncAal AetMY•8 kn ihe od to whkh rnL•t•. l)on4t•d MrvlcM and faclllt Donated wofes8ton81 geN1 and dmted f8dlht•B hove not beon rnrwnl8od # IncJn• kn th#• count&. ITr so1don&3 with Ihe Charities SQRP IFRS1021, gensral volunteer Ilrne 18 not rwnl*J and refer to the TnJskn8' annual repjrt lor morn Inkymati atl¢OnltiOn from ¥OnO. DONATION3 AND LEGACIE8 31.10.25 31.10.24 Donab'ons Granls S,159 160,802 11,111 532.L 185,781 543.173 p17
NOTES TO THE FINANCL4L STATeMENT3-conthuod tor th• y•arondod 31 Oot4¥b•r 2025 DOK4TIONS AND LEGACW. conllnued 31.10.26 31.10.24 ArchknLJral Herllag9 Fund Natal iottwy Fund H18todc Fb?88 COvty Clty c111 Histodc &ylarJ Nauonal Herflage Th• 29th P4lay 1981 ChwilabhTnAt The Foyle F(Mmdalion Sewm TTgnlV4•tsr Mnehill Twst Qlhwgrants 10,OLMJ 10,416 261,175 1,418 125,975 25.374 38.770 6.000 10.C 60.L 59,538 75,th)0 15,000 180,e02 532,C62 31.1025 31.10.24 FurwJfWng ev8nts Shop incom• Hires Volunteerfng Liconalng inLxmo 4,361 831 210 8,573 20,401 31.10.2S 31.1024 Rant• r•cwl 218,369 417 137 204.158 601 216,913 205.18S P•g8 18
IE8 TO THE FINANCIALWATEMENT8.¢onUnu•d forthe ye•rend6d 31 Ortob•r2025 31.10.25 31.10.24 A(knlssb)ns Pr68arythn ofHL8tuK BuHdk 6.253 15.843 AIJINO PUNDS Oth•rtrndlng aetlvlrf•• 31.1026 31.10.24 LIlIng 31.1026 31.10.24 21,850 29,976 L•gal f•e• Prcyrty repalrn Malntsnanco chwgel Ratég and w Inwrsne• 14ht and h Tde&thone 2,981 4,8Tr 14,279 263 1,070 2,314 3.074 18 8ubPIr CHA141TW ACTMnE8 C08T8 Support rg)sts1808 note 81 Dlrect Total# Preerntrjn alHltht BuNdlng8 ,305 87.870 164,175 Page 19
NOTES TO THE FWNCIAL 8TATEMENT8- ¢ontlnu•d forth• yoar0nd 31 O¢tobw 202S SUPPORT COSTS Gobwn8nc• Oth•r Tota Pwervatlon of H18t0 Buldkn 44.847 23,223 67,870 T INCQMEI(EXPENDITURE) Ng1 Iomled1bjr¥) b •tat4d afterctrwintylcr&Jibngl: 2025 2024 Audtor9 ts• 9,250 8.10 10. TRU3TEE8' RalUNERATION ANO BENEFITS Thwe no trusle•8' remunerakn or clh•r tenefits for yaar tr8d 31 Oclotw 2025 th6 yearended 31 Ocober2024. Th•rn were no tsu••A' I0n88& pqld lor tho y••r •rKled 31 Octcèer 2025 nor for th• year anded 31 Ortober2024. Ckn• tr1j ¢o¥ts rolnknrwd d£4,33612ir24: £1,431). 11. STAFF CQ8T8 31.10.25 31.1024 IA*gts •nd 39,1 323 1,875 93,961 5.318 3,097 Other pSn 41,379 102,378 Tho monlhly number of durfng Ihe YW a8 31.1025 31.10.24 No •rry)by•gJ fvOd 8molum8nts kn axce88 of£60,IXJO. Pag? 20
140TES TO THE FINANCIAL STATEMENTS. conllnuod for tho year ended 31 Oetob8r2025 11 COMPARATIV&8 FOR ThE STATEMENT OF FINANCIALACTMTIES Unre8trict•d Restric Total fur• fundg fvnds INCOME AND ENDOWIAEiifs FROM Qonations and1•9a 3S,383 507,810 643,173 Charfi•bh •cOvhl Pleall0n of Historic BuiWing$ 15,843 15,843 Olherlr*Jlng actiwlk8 Invtrnal incc 20,401 205,159 20.401 205,166 Tgtal 278,766 507,816 784.582 EXPENDITURE ON Raislng fundu 56.883 Ch•rItsb aetiYltl•• Prg68Nation of Historlc Bu1n9¥ 319.840 112,804 432,414 Totsl 375,523 112.804 488.127 NEf114GOMWIEXPENDITURE) (K7571 395,212 21Y,455 RECONCIUATION OF FUND8 Totsl fvN18 brohtforW8rd 175,828 18.084.gJ8 18,280.734 TOTAL FUNDS CAFHED FORWARD 77.C69 18,480,120 18,667,189 13. TANGIBLE FIXED A8SEf8 8ullthng8 under r•nov•lbn COST At 1 Novemw 2024 Addltiuns 477,109 15.ODJ At 31 (>b•r 2025 492.109 NEf BOOKVALUE 131 Cthb8r 202S 4f2.109 At 31 Odobw2024 477,10P The buikllrvJs under rBnovation are LorKlon Roud CwneW8 NonconfovrTNSt Ch8wl and G9te, which a yet to be Iransferfed under the FrMrk agreemenL Pa 21 conlknued...
M8TORIC COVElllRY TRUST NOTE8 TO THE FINAPKIAL STATEMENT8-¢ontinu•d f¢rlh•yur •nd•d 31 Octob•r2W26 HERITAGE ASSErs RKEf VALUE At 1 NovernÈer2024 16,843.534 120.210 At 31 Octot•r2025 16.963,744 NEf BOOKVALUÉ Al 31 Cr#oter 2025 18,963,744 At 31 othr224 16,843,534 Prop•rty Th• Chort8th0u, Ltsn¢th)n R(•d, Coventry Charterhous• Coath Houge and Land, Ctsswtry DraF4Jrs' H•ll, Bay Lam, C¢vonty Former Rathy Une. Q>vgnlry 3- 5 Pi?ry Row, Coventy Swnsw•ll Gate. Coventy CfrJk Slr•at Gat•, Coventy AnglIn ChaF41, London Ro•d C•m•t•ry, Coventy A¢qylrnd March 2013 June 2020 vomb•r 2019 Augu912018 AUgLt 2020 Octob8r 2020 October 21 T•nur• Fwhoid Fr•fjhold 250 y8ar leate FTeehc4 250 Ye lesse 260 year lea%• 260 ye&r lease VAY 2021 250 y••r l•a The Lcfflg kntoro•ts ar• all Cm Cty CtyJrKII Freehcid8. Th•r• w• no Un1 temx, wrfh th• •xcwtKJn of tln on ug8 allgngb'on knpa8d by grant condRbn& Severnl pnjperlw hmch•ryJ•8 in pkn to wur• Omnt conthon•. 8ummwy 4natys(# of horfts9• I••etn¥•CtlDn 2024 2023 2022 2021 Purth88eB and RentMtK)ns ot Ccét 120,210 172.105 1,495,410 2,SE9,304 12,2C6,717 T¢Aal Adthtbn8 120.210 172.105 1,495,410 2,969.304 12,2C6,717 Totd thovjo for Impairnxnl To DrIPO Pag& 22 continugl..
ISTORIC COVENTRY TRUST NOTES TO THE FINANCIAL STATEAIETrifs- continu•d forthe ywr end•d 311)ctobgr2025 14. HERITAGEASSETS-contlnued Total Sal•s Proco8dB FIXED ASSET INVESTMEMTS Llstsd MARKEf VALUE At 1 Novener 2024 R¢v¥lualion ksss At 31 Odobw 2025 4.816 NEf BOOKVALiJE At 31 October2025 4,81S Al 31 Octot•r2024 4,822 Thor8 were no knNe8trnenl 888ets ouisidg th• UK. Ct or Val110n •t 31 Octr)ber202518 r•pr•uented by. Inve6trn¢nl¥ ValualiDn In 202S Co¥t (71 4,815 The Trust haB o Wholty-trr domi•nt wb8ldi•ry, HCT Trarfing Ihnitsd Icompry numt•r, 12305746), whkh h98 reseN68 of £1. I& INVESTMENT PROPERTY FAIR VALUE At 1 November224 and 31 Octthw 2025 1,000,CrfJO BOOK VALUE At 31 Odobbr 2025 1.000, At 31 Odob•r2024 1.0(hJ.CrfXI The Burgeg prcyartièB hav• bwn rèvolu by th• Trustoes at a f•tr vab* of £1.000,0 88 at 3161 Octotei 2023. The Burges prcpertbB arw.. Property 1- 9 H¥Je8 Str•8t & 18- 20 8uro88, Coventy 21-24 and 27The Bw Coventy The Twst hokls Ct•pprs' 805 85 FV4rt of a fijttjrn F4an8 thut indude the gts'nbng 4ii8. It . currenty lat CA) 8 Short tenn pendinq the erThnt ofth• 4t• b•iTha undotthn Acqulr•d Docember 221 Juty2 Tenur 250 year188ge 250 year lease
HISTORIC COVENfRY TRUST NOTES TO THE FINANCIAL STATEMENTS. ¢onts"ny•d fortho Y•nd 311)¢tobor 2025 1& INVESTMENT PRopBifi. ¢oDtinued rkn lo Ihe festrtilons In the tTBnsfer •3rtement for Prop, tt 18 f)t khJ•Ne lo a¥ge•g a f¥ value lor the proFty vthith was Orinal gif(ed bj Ihe Charity. Thoro is a gmund rerrt payobb of £3.080 pgr annwn on Orapars, Bar. Falr value at 31 OLtot¢r 2025 iB reprOtay ty.. VdualJn In 2023 1,C,Co 17. DEBTORS: AIAOUNTS FALUNG DUE Y¥ITHIN ONE YEAR 31.10.25 31.10.24 Trode blo other debto¥¥ Pr¢paymen 16.899 22,S42 18,879 8,259 398,266 41.2 57,420 44B,087 11. CREDITOR8: AIIOUNT8 FALUNG DLE THIN ONE YEAR 31.10.25 31.10.24 0th8r loan818•e nots 191 TrAd8 8oct818e¢rrtY and othert•x Olh&r ¢reoJitoryJ Acuu•h and ddorr&d kKomè 100.cw 8.287 24,638 523 20,100 130,207 20,100 141,354 175,488 270.519 19. LOANS An ofthe mabjrfty ol loan618 beknw. 31.10.25 31.10.24 ArNJunts fAUkng ¢uewffjiin ono year on dand.. Cth•r ban8 100.OCKJ continu...
NOTES TO THE FINANCIAL SYATEMEiifs. contlnu•d forth yearended 31 October 2025 MOVEMENT IN FUND8 Nèt Tran8f8f8 1.11.24 in fuThJ8 fiJndB 31.1025 Unr•6trlctsd fund* General fund Designat¢d fund.. ropah and moirrten8C• 38.799 151,881) 63.987 50.000 SO.OC4) 77.089 {1,881} 113,987 Charterhouse Coach HOU Venue LcKJp Line Angltcan Ch4Jel 7.921.567 1244.037 244.472 240,102 e81,8&8 726.474 4.705.352 11.462 179,933 264,885 1.000.000 60,000 63,n1 7,975,278 2,244,037 243.575 240.102 881,8ee 728,474 4,705.352 18971 Clty Gqto? Dr4]•rB Hall don Ro•J Cemetery Non-¢onformi8t Ch8p81 ljwhltèfriars Gate Thè Burg98 & Hal&s Street Charterhw88 Pantk• Pr 113.3431 1.881 179.933 1.000.0 140,CQO 15,IlXI 80,0 15,000 18.480,120 134.481 1.881 18,616,482 TOTAL FUN08 18.557,189 173.280 18,730,489 Ngt rTh)Ve kn funds, hduded In th8 Atywa arn 88 folkyN6.' Incuning resourLY18 Re80uw Gsln8 and Mov•mwrt •ypendpd In fvThJ8 UnrMtrfct•d fund• GeneT81 fund 246.700 (207,8941 171 38. Ch8rt8rhou80 Loop Lkno LorKlon R¢)ad C8m•t•ry chartethou Pent W)it•friars Monastgry 54,384 (8631 18971 114,759) $3.n1 18971 113,3431 80,000 15,Ot 1,416 80,000 15.th)0 150.800 (18,3191 134,481 TOTAL FUNDS 397.600 1224.2131 {71 173.280 Pagè 25
HISTORIC COVENTRYTRU8T NOTES TO THE PINAKIAL STATrAEpifs- wnllnugd forthe ywr•ndl 31 OcknlJ•r 2025 MOVEMENT IN FUNDS. oondnu•d CompNraUvo8 forMoV•m• In ffunds movement in fiJnd8 1.11.23 31.10.24 Unr••trlct•d tr)Jnd• Genoral ft5fKI 175.826 {98.7571 77,(B9 Chartethouse Co&h Hj80 Ven Loco Line Anglican Chw Prltrry R Cty Gala8 Drapers H1 London Road Cemtery Non-confomi18t Ch8po1 itefriars Gat The BunJ•ts & Hakn Street chart•WtyvmQ Pentir Projer 7.683,308 2,250.823 187,712 218.102 881.866 728.474 4,705,352 12,7781 179,933 254,116 1,000,000 238.249 <6,7881 58,760 22,frJO 7.921,557 2,244.037 244,472 240,102 BB1,866 726,474 4,705,352 11,462 179,933 264.865 1.1)JO.Crf)o a0,0 14,240 10.749 18.084.908 395,212 18,480,120 TOTAL FUNDS 18.260,734 296.455 18.567.189 ComFwatra net rnobrymt kn fund4 Ikje kn tho atxwe are asfdiM.' Incornlng Rrcl Movemant regourcw gxrmdod Sn fund8 Unrn¥trlct•d tsnd• Gtrnaral 276.7e8 1376.623) 8,767) Chartethou CO Hou8• Venue Loop Lin8 Anglkxn CI*F 251,771 113.5221 16,7861 12,783) 238249 18.7861 56,760 22,000 14,240 10.749 80.ofxl 59,543 22,000 103,753 10.749 60,OCLI 189.513) thilefriars Gate charterhol Penkn P[Dit 507.816 (112,6041 395,212 rAL FUPi)8 784.582 1488,127) 296.455 Page 26 continued...
IIOTES TO THE FINANCIAL STATEIEiif8.conthwed for th• yw•nd•d 31 Oetob•r%r25 21. RELATED PARTY DISCLOSURES There were no donalorA rec•1 frm cM)paniewLx>ntrolad ty TnAt••s (2024.. £ThQ. Durfry the yew. thè Trust made paYnIts b o clorty conlroll•J crf tho frx tho 8UkTty of to ts Trtt10T£2o8 P024'. £2) DurfThJ the year. payments were ma( ty g person conn•Xed to one ol the TN8tth8 lor tho of 8hcp mtrthandisè at Cost to the Trust 01£357 (2tr24". £Nil>. A company controlled by a Trustee had provided tho Twsl wlth g loan fadlty of t600.0. La8t year £1Tr).000 was drawn against this l1Thty. During the year, th18 amount was repaid arKI the t4lance owed 8t the year end Includ in 108n8 was £nil12024.' £100,000). This fadlty eij during the year. Last year. Assets of the Trusi w8ro ch8ige(l against th8 It)an 14cW. Th889 charggs hove ngw b08n Intereatwth& on Iho hjffj. OPERATIMG LEASES. LESSOR Tho knIAI fibbJr• mlnhnum l•AM paym•nts und•r opwakng •M.' Not lat•rth#n on•y••r Latwlhan one yaar not r than I1 19 Latsrlhgn fNO yea £138,884 £350,542 £216,642