Company Nurnber.. 07412232 Charity Number= 1150556 TAYLOR BENNE￿ FOUNDATION TRUSTEES. ANNUAL REPORT ANO UNAUDITED FINANCLAL¥tATEMENT5 31 DECEMBER 2025 Page I TAYLOR BENNE￿ FOUNDATION TRUSTEES. ANNUAL REPORT for the year ended 31 Decemker 2025 The trustee5 and the directOTS present their rew)rt and the financial statements ot Tayloi Bennett Foundation I'the charity") for the year ended 31 December 2025_ The financial statements have been prepared in accordance with the accounting policie5 set out in the notes to the financial statements Comply with the Chaflties Act 2011, the Companies Act 2￿6, the Mernorandum and Articles of Association of the charttsble company, and Accounting and Reportine by Charities.. Statement of Recommended Practice applicable to charIt￿S preparing their financial statements in accordance with the FirEancial Reporting Standard applicable Èn the UK and Republic of Ireland IFRS 1021 leffectNe I january 20191. OBJEcfivES AND AcnvmES Charitsble obiectNes The charity was establi5hÈd tofurtherthe education and training of persons land in particularyoung personsl who are disadvantaÉed by reason of ra￿ andlor sex by enabling sych persons to develop and exploit their individua5 capabilitie5. competencies, skills and understanding through education and training Opportunities in the field of communication5 and public relations and Isave for purposes incidental and ancillary to these objects) no other purpose. Charitable actwtties The charl￿5 Principal actNity irb pursuit of its charttsble objertNes is the running of education and training progrèmmes. Each year. the charity delivers communications and personal development progiamme5 of varying lengths for people frorn an ethnic minority backgrourkd, spectfically designed to strengthen their skills and to provide them with industry ￿levant tfaining. In addition. the charity pilots and delivers additional training. mentoring and advocacy programmes in line with its stated objectives. Public benefrt The trustees have taken The Charity ComrnTssion's general euidance on public benefit Icontsined within their guidance publication-chartties and Public BenefiVI and the specific guidance on public benefit (contained within their guidènce Yhe Advancement of Educètion foi the Public BenefiVI into consideration in preparing thelr statement on public benefit containod wtthin the trustee5' annual report. Trustee5'Assessment of Public Benefi¢ Benefits & Beneficiories The main beneficiaries of the charity are those that participate in its education and training programmes and the main benefits provided to those beneficialles are enhan￿d skills and industry relevant experience. The trustees. assessment of public benefit is therefore based upon the level of participation in its development programmes, feedback on the success or otherwise of those programmes from those taking part and ultimately, the impact that education and training has upon their future career success. particular￿ in the context of work within the comrnunications and public relations indijstry. ACHIEVEMENTS AND PERFORMANCE PR Training programme During 2025 the chartty ran three development progrèmmes- an eight-week programme with eight trainees, a seven-week programme wtth 6 trainee5 and an eight-week progiatnme with eight trainees 12024.. four developfflent programffles.. a ssx-week progfamme with fNe trainees. a 5even-week progrbmme with 4 trainees. an ei8ht-week programme with seven trèinees and an eight-week prograrnme with ten traineesl. Eighty six percent of graduates frorn the PR Tratning programme in 2025 went straight into employment or a fixed term contract12024.' sixty five percentl. Page 2 TAYLOR BENNM FOUNDAMON TRUSTEES. ANNUAL REPORT (Continued) for the year ended 31 December 2025 Programme Delrvery and Impact Programme Delivery and Impact In 2025, the Taylor Bennett Foundation continued to de￿￿er 3Èainst its mission to increase ethnic diverstty in the PR and communications industry. supporting more than 250 partitipants across eight development programme5. 2025 was a drfficult year for the comTTtunications sertor. Merger5. restructures and hiring freezes reduced the numbei of entry-level and early-career roles available across the industry. and this contraction is reflected in some of the figures set out below. Against thi5 backdrop. the case for the Foundation's work has strengthened rather than weakened.. where opportunity h35 narrowed. the need to bulld Skills. open d¢x)rs and connect diverse talent with employers has become more acute. Our flagship PR Training Progrdmme remains the cornerstone of OLtrr work, providing a dirert route into the industry for graduates from 81atk. Asian and ethnical￿ drverse backgrounds. In 2025. 22 trainees completed the piogramme across three developrnent proeramme512024= 26 across four). benefiting from an intensive seven or ei8ht-week experience designed to build skills. Confiden￿ ènd industry connections. Outcomes strengthened over the year. with 86% of graduates moving straight into employment or a fixed-term contract12024.. 65%1 and 100% of participants recommending the programme. Our Summer Stsr5 Programme. first launched in 2018. continues to provide critical early-career opportunities. In 2025. we facilitated 48 paid internships12024-. 441. Connetting emerging tslent with PR agencies and in-house cornmunications teams. The programme ￿m01n5 a vital entry point into the piofession. equipping participants with hands-on experience and 5￿pportIng progression into permanent role5. Our Reverse Mentoring Programme continued to grow, expandingfrom IS to 19 senior leader pairings, a 27% increase on the previous year. The Step snto PR Programme. intrOdU￿d in 2022, continues to inspire and inform students about careers in PR. In 2025, over 120 young people took part12024= 1041, helping to broaden awareness of the industry and dNersfy futufe tslent pipelines_ Through our advertising and outreach actNity. we promoted 53 job opportunities to our candidates, alumni and wider network12024.. 1751. This redurtion refiects a marked fall in entry-level hiring across the sector during the year rather than any change in our own artivity. and illustrates the Increasing￿ competitive environment our beneficiaries face. Alongside our core programmes. 2025 also saw the laU￿h of new iniiiaisves. including the Alurnni Advisory Board, the Employer Forum and the sina Nafissi Excellence Fund. which has already provided over 15 grants to candidates facing financial barrier5. Our commitment to a more inclusNe PR indEJ5try continues to deepen. The milestones of 2025 reflect our ongoing rni55ion'. to break down barriers. create opportunities and ensure that diverse tslent not only enters the industry but thrives within it. Page 3 FINANCIAL REVIEW Financial reSU￿S of aCtNIt￿ and events The activities of the chèrity generated totsl income of £383.754 12024= £377.0471 and its total expenditure amounted to £410,35512024: £427.6421. The resultingdeficitof £26.fl)I has been dedijrted from the unrestricted general fund reserves12024- deficit of E50,5951. Reserves policy At 31 December 2025. the charity had totsl feserves of £217.634131 December2024: £244,235), all of which were free reserves, because the charity wa5 hoJdinE no restricted funds and had no amounts tied up in fixed assets of any description. Page 4 TAYLOR BENNE￿ FOUNDAnoN TRUSTEEY ANNVAI REPORT (Continued) frjr the year ended 31 D￿rn￿r 2025 The trustees believe that in the lon@ term the charity ought to maintain flee reserves at a level of l(IX anticipated budgeted expenditure for the followin@ year. in order to maintsin the on-going eharitsble activit1è5 of the charity whilst suitabSe funding by way of sKK)n50rship is secured lof future programmes. The current fundraising and business plans have been drawn up with the specific aim of making the charity financially sustainable in perpetuity. assuming its education and training programme5 femain relevant and tiainee demand persists. The charity Current￿ has a surplus in its unrestricted general fund which the trustees have planned to increèse by maintsining small surpluses on charitsble activrties in future years. Going concem The assessment of the charl￿S financial forecasts demonstrated that the charity has 5uflicient resour￿5 to continue in operational existence and meet all of its financial obligations as they fall due foi a period of at le85t tweEve month5 from the date of approval of these financial statements. For that reason, the trustees continue to adopt the goin8 concern basis in pfeparing the financial statements. Prlnclpal risks and Un￿rtaInlieS The trustees reg￿larlY review the risks to which the charity might be exposed. and other than Tisks which are covered by insurance. the most serious risk is that the charity f3ils to secure sufficient SFK>n50rship to support its proposed schedule of development pro8Tammes_ The growing reputation of the Taylor Bennett FoundatlDn in the communications and public relations industry. alongside global recognition of the lackof employee diversity in the workplace and the support of professtonal trade bodie5. are considered by the tTU5tees to be the key factors in tnitigation of th15 risk. STRUCWRE, GOVERNANCE AND MANAGEMEvr ststus and History Taylor Bennett Foundation is a registered charity. and a company lirnited by guaTantee. not having share capital. Every member undert3kes to contrtbLrte an amount not exceeding £1 to the assets of the charity in the event of the charity being wound-up during the period of membership. or within one year thereafter. Taylor Bennett Foundation was incorpotsted on 19 October 2010 and became a reÉisteTed charity on 21 january 2013. The charity is governed by the rules and regulations set down in its company Memorandum and Articles of As50eiation. which were Original￿ created on 19 October 2010. and re￿￿tty updated on 22 April 2021. Method of Recruttment and Appolntment of Trustees The charity's Memorandum and Articles of A550Ciation allow for one trustee to be appointed from each of Taylor Bennett and Brunswick in their capacity as the inaugural and continuing sponsors of the charity. Also, one trustee can be appointed from the Foundation's alumni. The other trustees have been recruited and appointed on the basis of their knowledge and experience of ernployment issuesand/o¥ the communications industry, togetherwith their interest in promoting oppK)rtuntties to increase diversÈty in that industry. Page 5 TAYLOR BENNE￿ FOUNDAMON TRUSTEES, ANNUAL REPORT Icontinuedl for the year ended 31 December 2025 Trustees, Responslbilr(ies in the Prepara￿n of Financkil Ststernents The trustees Iwho are also the directors of Taylor Bennett Foundation for the purposes of company lawl are responsible for preparing the trustees, annual report a￿1 the financial ststements in accordance with applicable law and regulation5. Company law requi￿5 the trustees to prepafe financial ststements for each financial year. Under that law, the trustees are preparing the financial statements in accordance with Untted Kingdorn Accounting Standards (United Kingdom Generalfy Accepted Accounting Prattice and applicable lawl. Under company law. the trustee5 must not approve financial statements unle55 they are satisfied that they give a true and fair view of the state of affairs of the chartty and of its incoming resource5 and application of resources, including its income and expendittsre. for that perlod. In preparing those financial Statements. the truste￿ are required to.. select sultsble accounting pol¢cies and theo app￿ them consistentw.. observe the method5 and principles in the Charitbes SORP.. make judgements and accounting estimates that are reasonable and prudent. stste whether applicable UK Accountrng Stsndards have been frjllowed subject to any material departures disclosed and explained in the financial statements.. and prepare the fEnancial statements on the going concern basis unle55 It is inappropriate to presume that the charity will continue in business. The trustees are responsibte for keeping adequate accounting recorLSs that are sufficient to show and explain the charl￿$ transartions and disclose with reasonable accuracy at any time ihe financial positson of the charity and enable them to ensure that the financial statements comply with Companies Act 2(XJ5. They are also responsible for safeguarding the assets of the ch3rity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible forthe rna1ntenan￿ and inte8rÉtyof the corporate and financial inforrnation included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from the legislation in other jurisdictions. ststement a5 to Di5c105LSre of Infomiatton to the Independent Examiner The trustees and dirertors at the date of approval of this trustees. annual report confirm that so fai as each of them is aware. there is no relevant information of which the independent examiner is unaware, and the trustees and directors have taken all steps that they ought to have taken to make themselves aware of any relevant information and to estsblish that the independent examiner is aware of that inform3tion. PaEe 6 TAYLOR BENNEtr FOUNDAlloN TRUSTEES, ANNUAL REPORT Icontintjedl for the year ended 31 De￿rnber 2025 REFERENCE AND ADMINL¥fKATIVE D￿Alls The trustees of the charity. who are also the dtrectors of the company. have held office since l January 2025 (except as deta51ed below), as follows: L Ahad S Cullasy-AldTid8e A Lee (Chairl M La-Rose K Mehmi J Ogunleye J Roberts A Sampson M Wall (appointed 26 June 20251 Ire51gned 31 December 20251 (interim Chair until 26 lune 20251 lappointed 26June 20251 Iresigned 26 June 20251 The principal address and registered offbce of the charity artd the regISte￿d off¢cè of the company is clo Brunswick Group, 16 Lincoln's Inn Ftelds. London WC2A 3ED. The charity is registered under the charity number 1150556, and the company is incorporated with the company registration number 07412232. The trtsstees have made the followng profe55ional appointrnents= Independent Examiner: George Edmund Richard Wood. ACA Little RiTrdsall. Rodsall Lane. Puttenham. Guildford. Surrey GU3 IBE The Foundation CEO Koray Camgoz and Director of Programmes and Operations Gabrielle Thue5day (from 1st July 20251 are considered by the trustees to meet the definition of key management ￿rsonnel and are responsible for the day-to-day management of the charity. The COO Natasha Ferguson was considered kev management personnel until she resigned with effect from 30 June 2025. EXEMPMONS FROM DISCLOSURE No exemptions from the disclosure requirements applicable to a Small charity have been tsken in this trustee5' annual report. FUNDS HELD AS CUSTODIAN TRUSTEE ON BEHALF OF OTHERS Although the charity would maintain restricted funds to deal with incoming resour￿$ that are earrnarked for a particular purpose by donors. sponsors, and other funders. Taylor Bennett Foundation does not hold any funds. and the trtJStees do not anticipate that it will in the futurè hold any futhds. as Custodian for any third partv. This report was approved by the trustees on 21" April 2026, and was signed for and on behalF of the board by - Trustee ee 13th JU￿ 2026 Page 7 INDEPENDENT ExAMINE￿s REPORTTO THE TRUSTEES OF TAYLOR BENNE￿ FOUNDATION I reportto the trustees on my exaEnination of thefinancial ststementsof Taylof Bennett Foundation (the charitable company) for the year ended 31 ￿e￿mber 2025. which are set out on pa8es 7 to 14. Responsibilities and basi5 of report As the trustees of the charitable company larEd also its dirertor5 for the purposes of company lawl you are responsible for the preparation of the financial ststements in accordance with the requirements of the CDmpanies Act 2(X)61'the 2(X)6 Acrfl. Having satisfied mysew that the financial statements of the chaiitable company are not required to bè audited under Part 16 of the 21K)6 Act and are eligible for independent examination. l leport in respect of my examinztio of your charttable company's financial Statements as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination. I have followed the Direcbons given by the Charity Commission under section 14515llbl of the 2011 ACL An independent examination does not involve gathering all the eviden￿ that would be required in an audit and consequently does not cover 311 the matters that an auditor considers in giving their opinion on the t1nancial statements. The planning and conduct of an audit go beyond the litnited assurance that an independent examination can provide. Consequently. l express no opiniort as to whether the financial statements present a 'true and fair vievf and my reKK)rt is litnited to those specific matter5 set out in the independent exarninerfs statement. Independent examlnels ststement Since the charitable cornpany's gross income ex￿eded £250.(KK). your examiner must be 3 rnember of a body listed in section 145 of the 2011 Att. I confirm that l am qvalrfied to undertake the examination. because l am a member of The InstTtute of Chartered Accountants in England and Wales. which 15 one of the listed bodies. I have completed my examinatitsn. I confirm that no rnaterial matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any rnaterial respert.. accounting records were not kept in respect of the charitable company as required by5ettion 386 of the 2CM)6 Act,. or the financial statement5 do not accord with those records- or the financial ststements do not Comp￿ withthe accounting requirementsof sertion 396 of the 2CX)6Actother than any requirementthatthe financial ststements give a'true and fairviev/ which is not a matter considered as part of an independent examination," or the financial statements have not been prepared in accordance with the methix15 and principle5 of the Statement of Recommended PractÈce-. Accountingand Reporting by Charitie5 applicable to charities prepaiing their èceounts in accordance wwth the Financial Reportirtg Standard applicable in the UK and Ireland IFRS 1021. I have fto concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in ordertoenable a proper underthnding of the financtral Statements to be reached. Signed- Name= George Edmund Richard Wood Name of applicable listed body= The Institute of Chartered Accountants in England and Wales Relevant professional qualification or membership of professional body- Chartered Accountant Little Rodsall, Rodsall Lane. Puttenham, GuildFord. Surrey GU3 IBE - 2026 Page 8 TAYLOR BENNE￿ FOUNDAMON STATEMENT OF FINANCIAL AcnvmES lincludlng Income & Expenditure Account) for the year ended 31 December 2025 Unrestritted Funds 2025 2024 INCOME FROM CHARITABLE AcnvtnES: Donations and grants Charitable activities Bank interest 117,875 259,930 5.949 84,677 288,623 3,747 TOTAL EXPENDITURE ON cHAR￿ABlE AcnvmE&' Education and training 383.754 377.047 1410,3551 1427,6421 TOTAL 1410,3551 1427,642 NET IEXPENDITUREI/INCOME AND MOVEMENT IN FUNDS 126,6011 150,5951 RECONCIUATION OF FUNDS Fund balances brought fonward at l January 2025 244,235 294.830 FUND BALANCES CARRIED FORWARD AT 31 OECEMBER 2025 217,634 244.235 Page 9 TAYLOR BENNE￿ FOUNDAnoN BALANCE SHEE[ as at 31 December 2025 Company Number: 07412232 2025 2024 Note5 CURRENT ASSE[5 Debtors Cash at bank and in hand 37.239 242.415 37.309 289,273 279,654 326,582 LIABIL ￿lEs Creditors= Amounts falling due within one year 162,0201 182,3471 TOTAL NEf ASSEfs 217.634 244.235 THE FUNDS OF THE CHARrrY UnrÈstricted ipcomè funds 217.634 244.235 TOTAL cHAft￿y FUNDS 217.634 244,235 For the year ended 31 December 2025. the charÉty was entitled to exemption from audit under section 477 of the Compan4e5 Act 2¢J)6 (the Act) relating to small companies. The tnjstees, and dfjrectors. responsibilities- The membefs have not required the charlty to obtain an audft of tts financral Statements for the year in question in accordance with secrion 476 of the ACL The trustees and director5 acknowledge their respon5ib51tties for complying with the requirements of theAct with respect to accounting record5 and the preparation of financial statements. These financial statements have been prepared in attordance wFth the provisions applicable to companles subject to the small companies, reEime. The financial statements on page5 7 to 14 were approved by the trustees and authorlsed for issue on 215t April 2026, and are signed on their behalf bv Trustee 13th July 2026 Page 10 TAYLOR BENNE￿ FOUNDATION NOTESTO THE FINANCLAL STATEMENTS for the year Ènded 31 0￿￿k￿r 2025 ACcOU￿￿NG POLICIES Company information Taylor Bennett Foundation (the charitable company) is 3 private company limited by guarantee incorporated in England and Wales. The principal address and registered office is clo Brunswick Group. 16 Lincoln's Inn Fields, London WC2A 3ED. The charitable company s principal activttÈes are disc105ed in the tru5tees' annual report. Basis of accounting These financial statements have been prepared in accordan￿ with FRS 102 Ihe Financial Reporting Standard applicable irn the UK and Republic of I￿lan￿, the requirements of the Companies Act 21x16 and nder the historical cost convention. Within the definition5 of FRS 102. the charitable company is a public benefit entity. The financial statements have also been prepared in accordan￿ with the accountinÈ policie5 set out below and Comp￿ wtth the Charities Act 2011. the Companies Act 2(X)6, the Memorandum and Articles of Association of the charitable company. and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their financial ststernents in accordance WTth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I january 20191. GOI￿ ¢oncem The assessment of the charl￿5 financial forecasts demonstrated that the charity has sufpscient resources to continue in operational existence ènd meet all of its financial obligation5 as they fall due for a period of at least tWe￿e Thonihs from the date of appfoval of these financial statements. For that reason, the trustees continue to adopt thè going Con￿rn basi5 in preparing the financial statements. Page 11 TAYLOR BENNE￿ FOUNDAMON NOTES TO THE FINANCIAL STATEMEKF5 (Continued) forthe year ended 31 December 2025 ACCOUMtING POLICIES (Continued) Income Incorne classified as a donation has been receNed by the chartty to Lt5e in any purpose that the tharity sees fit. Income from charitable attivttie5 15 earned from the supply of contrattually agreed goods ènd services to support our education and training programmes and income earned providing our advertising service. Income from other trading actNities comprised fundraising income. General donations and other types of voluntsry income arè brought into accovnt when receivable and donated income is included gross of any attributable tax recoverable. where relevant. Income that is derived direct￿ from the provision of education and tratning programmes is recognised as income when earned which is Lh5u3lly tjpon delivery of the programmes tnvolved. Government grants are reco8ni5ed at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met, and the grants will be received. A grant that 5pettfies performance conditions is recognised in income when the performance conditions a￿ met. where a grant does not specify performance conditions it is recognt5ed in incotlle when the proceeds are received or receivable. A grant ￿e1Ved before the recognition criteiiè are satisfied is recogni5ed as a EX￿ndIt￿re Expenditure is allocated to the charitable companvs pcincipal artTvity as direct costs where the costs can be identified as being directW related to thatactivity. All costs that cannot be identified as relating dirertly to the charitable companrfs prsncipal activity are categorised as either support Costs orgovernance costs. Any costs that cannot be specificalty categorised are allocated in proportion5 based upon a suitsble ratio applicable to the nature of the cost involved. Governance costs aye the costs associated with running the charitable company as both a charity and a company and include ifidependent examination fees and other similai professional costs. From l August 2021, the charity has been VAT re8iStered and is using the flat rate scheme. Any irrecoverable VAT that arises is included within other direct expenditure in the Ststement of Financial Artivities. TaxatK+n The company is a re815tered charity and as such its income and gains falling due under 5ertion 471 to 489 of the Corporation Tax Att 2010 01 section 256 of the Taxation of Chargeable Gains Act 1992 are exempt frorn torpoiate tax to the extentthat they are applied to its charitable objectives. Financial instruments A financial instrument is a contract that give5 rise to a financial asset of one entity and a financial liability or equity instrument of another entity- Financsal inStrUme￿ts are therefore classrfied and accounted for according to the Substan￿ of the contractual arrangernentas financial èssets, financial liabibities or equity instruments. An equtty instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities. Page 12 TAYLOR BENNETh FOUNDATION NOTES TO THE FINANCIAL STATEMENTS Icontinuedl for the year en(led 31 December 2025 ACCOUNllNG POUCIES Icontinuedl Flnancial assets andlobllttles The charitable comparrfs debtors and credttors that meet the definition of either a ffnancial asset or a financial liability are initially recognised at the transacrion value and thereafter are 5tsted at amortised C05t using the effectsve inteie5t methcd. Fund accoLEnti The general fund comprises the accumulated surpluses of unrestricted incorne over expenditure. which re available for use in fijrtheran￿ of the general Object￿ of the charitsbie company. Designated funds are a particular form of unrestricted funds consisting of amounts. which have been allocated or designated for spectPic purpM)ses bythe trLtstees. The of designated funds remains at the discretion of the trustees. CRITICAL AcCOU￿NG Ju[￿EMENTS AND KEYSoUR￿5 OF ESTIMATION uN￿RTAINTy In the application of the charitable companrfs accounting policies. the trustees are required to make judgement5. estimates and assumption5 about the carrying amount of assets and liabilitie5 that are not readily appBrent from other souf￿$. The estsmates and underlying assutnptions are based on historical experience and other fattors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basi5. Revisions to accounting estimate5 are recognised in the period in which the estimate is revised rf the revision affects only that period or in the period of the revsion arkd f￿u￿ periods rf the revision affetts ￿th current and future periDds. Other than in respect of the trustees. assessment of the going concern statu5 of the charitable company, there were no other speciftc judgements, estimates and assumptions thatwere critical tothe preparation of these financial st3tements. CHARITABLE AcnvmES Unrestricted funds 2025 2024 Income deiwed directly from the del￿ery of education and training programmes Income derived from advert15ing servi￿5 242.71K) 17,230 249,233 39,390 259,930 288.623 Page 13 TAYLOR BENN￿r FOUNDATION NOTES TO THE FINANCIAL STATEMEfrll5 Icontinuedl for the year ended 31 t￿ceMber 2025 EDUCATION AND TRAINI Unrestricted fvnds 2025 2024 Dirert Costs= Training allowan￿5 Travel costs Consultancy Staff tosts Inote 51 Other dirert expenditure 69,530 4,985 16,739 258,287 42.039 74.955 7,156 54,578 220,429 51,178 391.580 408,296 Governance costs.. Fees payable to the Independent examirber for- -Independent examination Accountèncy and advsory costs Bookkeeping 3,425 1,025 14,896 945 16,030 18.775 19,346 410.355 427,642 STAFF cosrs Unrestricted funds 2025 2024 No. No. The average monthly number of persons employed by the thartty lexcluding trusteesl during the year was. as follow5.. Course administration St3ff costs for the above persons.. Wages and salarie5 Soci31 security costs Pension costs 234.458 18,611 5,218 2(￿.968 16,240 3.221 258.287 220.429 During the year. the charity was entitled to claim an employment allowance totalling £10,50012024.. £5.0001. Thi5 allowance has been offset against soctal security costs above. In 2025 one employee rece￿ed total emoluments between £￿}.(￿)1 and £l(K),(XX)12024.' no employees received total emoluments of more than £60.cix)I. Total remuneratton of th(￿e considered key management personnel of the charity w35 £175.123 12024.. £94.1731, which includes employerf5 national insurance of £19,85712024.. £9.9491 and employerfs pension contributions (rf £2.91012024= nil). Page 14 TAYLOR BENNE￿ FOUNDATION NOTES TO THE FINANCIAL STATEME￿r5 (Continued) for the year ended 31 December 2025 CURRENT DEBTOK% 2025 2024 Amounts falling due within one year.. Trade debtors Other debtOFS Prepayments and accrued income 32.692 1.891 2.656 31,080 5,820 37,239 37,309 CflEDtroRS 2025 2024 Amounts falling due wbthin one year= Trade creditois Other taxation and social security costs Other ereditofs Accruals Defeired income Inote 81 2,026 5.987 1.2D3 8,226 44,578 4,441 7.970 5,451 9,425 55,060 62,020 82,347 DEFERRED INCOME 2025 2024 Deferred income brought forward at l January Deferred income released to the SOFA in the yeèr Income recewed during the year and deferred at the year-end 55,060 155,0601 44.578 74,133 172.1331 53,060 Deferred income carried forward at 31 December 44,578 55,060 At the balan￿ sheet date. the chatFty had deferred income ￿lating to education and training programmes which will be r4Jn in future years. Page 15 TAYLOR BENNE￿ FOUNDAMON NOTES TO THE FINANCIAL STATEMEKtS (Continuedl for the year ended 31 Decern￿r 2025 THE FUNDS OFTHE CHARtTY BalarKe at l January 2025 Balance at Totsl 31 Decernber expenditure 2025 Totsl income Unrestricted income furKIs: General fund 244,235 383.754 1410.3551 217.634 Balawat l January 2024 Balance at Total 31 December expendtw 2024 Tot31 income un￿Strirted income fuThJs: General fund 294.830 377.047 1427.6421 244,235 io. RELATED PARTY TRANSACTSONS Remuneration relating to kèy management personnel of the charity is disclosed in note 5. In 2025 none of the trtjstees were reimbursed for travel expenses12024= one trustee was reimbursed £1,207 for travel expenses). Other than in respect of the trustees themselves. the charitable company is not 5ignrficantly reliant upon the contribution of volunteers. In 2025 none of the trustees received any consLtltancy fees (Èn 2024 one trustee S. Cullasy-Aldridge received consultancy fees of £13.500 for services provided as acttng CEO from January to June 20241. Therè were no other transattions undertaken with related parties during the current or previous year.