Unaudited Financial Statements The Raymond Freke Award Fund For th• Y•ar Endod 31 August 2025 Charity No. 1150659 Index to the financial statements •p•rt ￿ th• tru•t••• gtat•rn•nt of bln•ncl•l •allvlll•• Balan¢• *lwt Prfnclpal aeeounthw p•Mcl N•l•s lo lh• finamclal •lat•m• 10-12 Th• I1￿M￿nd Fv•k• Award PMAd Pth*ncl¥l stat•m•Dts f•r th• y••r 31 Aygywt 2020 Report of the trustees The Trn5tee$ pttsent d￿1r￿POrt accounts fot the Ft etmkd 31 August 2025 Ral•r•ne• •dmlnlglr•llv• d•t•lls Reysteted chanty numFKr. 1150659 Address: 3 The aos4Winchuttt, HAnJpsbitt $023 9LT The Vety Revd C 08Je Dtall of w￿d￿tEr cad￿dra1 {ttstgtied l May 2025) The Reverend Canon Dz Rohod Riw Tntrcim Deaa (appoititsd l May 2025 & tttiped 15 Match 2026) r J Mll¢on ME T Butcber Mt R J Bendey Natiot)41 WesknitiStttBatsk plc 105 Stttet vtthcbestrr S023 9AW The CBF Church of BA￿a￿d Inve8imentFuttd Settatot Hcme 85 Queen Strcct Irjndon ECAV 4ET tndependent ex￿loCr. A¥ets Audit Servicu tAmited ChAtsdlet Fotd S053 3TG Th• Rayrn￿d Frnl46 Avlard Fund Vln•ncW Jt•t•mvht$ for th• ymr •*d 31 &111ou•t 2026 Report of the TrUSt￿S The Raymond Freke Aword w28 established byTtust L)a d•teJJ 10 Febnxry3NJ6 by the Jate Mt5 Jeatk Fteke sttd tr8iStttd ts # ckniry on l Februw 2013. ThtTwstttt Domitia￿ As the DeAn of W￿Chest￿ Cathedta4 The Hethttt aod Directr* of & Re50UfC¢5 of The P￿8￿M5, ScbwL Wmthester a fourth Ttustre nomioated by the (￿￿1r Sthool8 Association. The TLUStee POSitioo for the DeAft of Wjncbesttr Catheddi5 ¢Xtrently ttcatst fO]knVi￿ the resigt)ation of the Interim De•tt iti Mgtch 3)26. The Tn2Sttts hAve COD)p]ied WAth (bjty to h*ve due tegAtd to the Commisskin's pubjic betsefit The Chwity is est8blished to support ch￿tIble puqjoses Rn Ell￿8nd ￿dWaIeS. And PArtieularFy the ptOViSiOD of fmanasi support trj Cborister8 of Wmthestet C@thedrAI and Qutsistets of Wjnthester College who would othettvise be uDable to bec¢)me ot Chojxstets or (JMri8t¢t8 byvirtr of the 6ngoci81 ra]mitstsCeS of theit PAMts or pattnL The Tzustees provide god odLer fthaai?aTr 5UPPOrt to hdp meet the costs of fees at The P4tittL8' ScbooL The Tru8tee8 will tho ptovide &wKaAI #6Si8tance to meet the co3t$ oEmusid tijition the proviiion of iti8tnlln¢nts. Its ￿ltion, the TLUStee8 XDAY Ptovxde fimdll)g to th¢ Cat1￿ and College Dutiti8 the yegr. bDt5Aties totallitig £410,721 {￿>￿. 0ffj674) I￿re *vMtded to Choxiitrts gLd (b￿SterS at The •tt•thed fin¥n¢ial ststemeots show the cutrent state of the Fyttd's fill￿CeS which the TLV8tee8 consider to be SOU the ye4r. the Ch&tity e4tned i)￿¢StinerLt inCOti￿ of £31857 (2024. £31279) andnth gr4nts amowiting to £40,721 (2024: £10.674). The Ttt]8tees retliti & levd of zeseLve8 13 suffiiient to cover the Ch•U￿8 jrrrt￿dthÉ¢ ne¢d8. At the year end the utttestricted z¢setves vottt n231.233 (2024: n275.411). R•cn•Hm•Tht *nd appolntm•Dt d tru*t•60 The Mellnb￿p and apPoint￿ellt o£TEUStecs 18 ￿vered in tbc Trnst Dttd for the R•7mottd Fteke AT*&td Fund The Dean of Willcbe5ter CAthedral along witb the Head attd the Ditectot of Fthattce & Re3ource$ of The Plyim8' Sthool are stAted ￿ Tto6tces. The Decd stipthtC8 tht a fourth ttusttt 18 to be nominated by the Chott SehLth Al8￿1*t[On. All Trustee5 ate appointed by te80lutic￿ at the Anttual Genernl MeetiTJg of the fi]nd Ind teytued acc￿d￿Y with the Cb#£ity ComwsAott for and Wales. The Ttostee posktion Eot theDcan of Witschester Cgthedrai is cuttthdy v8uot following the The Raymond Fr•k• Award VIn•neI￿ statsM•nts for th• y•ar •nd•d 31 Au¥u•l 2029 Report of the Trustees Trust•M' r••ponthlllUv for th• •c¢•wnts The Ttustccs Ire tC5pon8Able forpryAting tbe Ttu3ttts' Annual Report atkd the finaryial statetneuts in aCCord￿ce with applicable Jaw and tw]aiiDns. The Charitie5 Act a)11 requires tbe Ttustees to ptepatr fJo￿lia] 8tsteJDetsts for ￿¢￿ kncial yeAt. The AccoJntiDg PtactiEe (Untted Kjngdom Accounung Standards And App]icable IAW). The T￿￿tttE rnust not approve the FtQgntiai ststemertts vtsiess they ate SAtisfied that theywe g twe and hit view of the state of AEEait8 of the Ch￿lty and of the iucomin8 te$ou￿ and appli￿tile fot£gfeguarditig the #Bsets of die ChKiry Attd hence for tskitig ttssotuble steps fot the prevthtion and &tKtion oEfraud atsd otherittwkritiej. Ex-offiao Trustee 2￿ June 2)26 Th• R•ymMd Pv•k• Aw•rd Fund Fh*ntl*l •l•l•m•nts f•r lh• y••1 •thd•d 31 2025 Independent Examiner's Report to the Trustees of The Raymond Freke Award Fund I report to the ch￿1tyTn￿tce5 on my examination of the arrounts DE the Ch￿lty fot the yeAr ¢sLded 31 A￿￿$t 2025, thicb ￿t let out On Pa8u 5 to 11. R•sp•ctlv• r•spon•lblftl￿ of tru•t•u and •xamln•r As the Cl￿￿￿3 Tn]8tee4 you are te6ponsbk for the prepwtion of the ac£ounts io accordantt with the ryUirerti￿tr of the ch￿l11tS Act 2011 (the 2011 A¢t). I reportin respect of my exan)l￿tion ofthe Cb•tirfs accouttt c￿lled out under section 145 oEthe the Chatity ComMi￿10n undcr section 145(5)OJ) of the ACL Ind•p•nd•Trt •xamln•¢• •tat•m•fit I rotsfitm I8m qu91&1 to uodetth the examitt*uoo b2c4Use I ￿ t ofthe ACCA wbith ts r￿e of the listed bodic5. I h•ve compktedmy I ccofitrD th*tno mitetial m%ttet5 h*ve come to my #ttrntioti ill tccountngrecotd8 Ivett not kept iti t¢specL of the dJgKity IB Zequred by sectiott 130 of the Ac¢ OZ the ￿CoUnt5 do tsot Accord with those tt[0￿. or 8ccount$ do not cotnply TWAth the opp]ieab]e requtrements corAceming the fortrA and content of sccowits Set out in the Ch8titie5 {Accounts and Repc*ts) Regulatio￿ X#)8 other than atLy tquitetiwt th4t the Accounts give i f8ltvle￿ T￿l¢b 1$ not i nutrtt I no rrnjctrnp And have ￿rne •cr0s8 othet connection wi¢h the exWMi￿tiott to whi shcMJld be dzrn iti thi8 report in otht to enable • ptop¢t ulldetstAodia8 of the #ccoullts to be trached. Jon Noble PCCA Fot and on beiulf oEA¥ets Awlit Servkces teway House Tollgate S053 3TG Dit 70 2oLE Th? Raymond Freko Award F4th0 Flnanclal $tat•mants for th• ye•r ended 31 August 2026 Statement of Financial Activities 2024 Totsl Notr Total lttcoo)e Incom¢ genergted Investsntnt iticome BAnk attd othet interest 3£8S7 614 32279 645 To￿1 Attcomc 34471 3£924 Expelldtture on Ch￿1t1￿￿ ActiFitit8: Buts￿les to speafied ptspiL8 of The PJ8tsm5' SdLooI Support costs Totsl expenditure 40.721 10,674 lJ)3 4&025 12,177 N¢t incomitig / (out80ing) 20.747 Gxin/(1th8) on jnve8tij￿￿t Assets Nct movuDettt fixod8 (36,6U) {44J78) 93.804 114.551 1275,4ll 1.160,860 IASI233 1275.411 All xmi)unts disd05ed above tdatc to cootitLuinB aCti￿tie% arld uorestiicted tunds. The aeeomp8Lying accountirLg polides and notes fotm ats ititcpi part of thcse f￿2￿Cial 5tatetDeAts. Thg Raym¢￿11 Fr•k• Award Fthd FInancI￿ gt•t•m•nt• fgv thg y•Jar •nd•d 31 August 2025 Balance Sheet Note 2024 Fixed aoBets Investmettty 1205.487 Curtent gsiets Bgnk and cash b#hnceB Debtots 53,074 12,298 49.682 22.941 65072 72.623 Cutrent Jiabilxtie4 Cteditors (3.004 (1699) 61370 69.924 123L233 1271411 Fund8 Unttsttirted 1275,411 231233 1275,411 The accounts wete apprmd by the TrJstees 2W JuDe 2026 MrTim Butthet Ex-officio Tmqtee The Kcowying accoDDtti]g poliue5 *lld now fozm ￿ Atitewl part of thtte Fm*ti(i￿ ststernents. Thè Rayrnond Fr•k• Aw¥4 F￿d Ffjmnclal st•twn•nls f•r the y••r •￿ed 31 2025 Accounting Policies B*sls ol pr•paratlon the Fiti2niialReportitig StADd8rd gppjiuble in the UK 2ad Rwblic of Itdgnd (FRS 102) {¢ffective I Janwry 2019)- (Ch￿l￿t4 SOBII (FL8 102)). the FIakrLU￿ Reporting Stsndlrd *pplicable in the UK Repub]ic of tteknd (FRS IW the ChaEities Act 2011. The RayI￿Ond FttkcAvnrd Fund Meets the dtfthition of a pubjxc benefit eottty undet FRS 102 Assets and liablitt￿ ate ioitially recopEed at the bi6tOriL31 cost of ttAtt#ctiotsB unEes8 otherni8e stAted iti the The pllncipal *cciwnting pbcies th set out bdow. In¢orn• Forlwie4 entitluDenti6 taken as the e4rlitt of the d&te OA whith eithtr. tbe ch￿lty AS awe that ptobate ha# beett 8Thnte& the e8tste h*s beett f2nAlisd fi￿a notifration has been made by the executot(8) to the TtsJ5t that a di5ttibution will be xn8de. orTrhen a distttkntion AS ttC¢twed &onL the c5tat& Recdpt of a legacy, iti whok ot xti par4 ts Ldy Cons1￿ ptobabk when tbe amount csn be meJ8ured reliably. atsd the Clwity has been notified of the executoe$ intentiorl to mgk¢ * disttibution. Vlhert levies have been otified to the Clwity. or the Ch9Eity is aw•te oEthe grgoting oEprob&te. Skid the rtsteria Eot income reccy)ition bave Dot been me4 then die lewy is trtAted As A Colltitigait #￿t 8nd disclosed if trQtrEiaL E4)enditute ts teco8tii8ed (K¢e thete 18 814al or constNctive obligauon to payment to a third try. iti8 kYobabk that settlunent will be Ltquitt4 Attd the attL(Mmt of the objwtion can be mcasuted telixbly. expenditute inL*tted ditectty to thc fu]fi]tnetst of the Chatxtrf..biectives (dwittblt ￿1vIties) expenditute incuttcd Aa the 8overnance of the Chttity. Grnnts payable ate xecognised in the balattee sheet # a ]iibi]ity once the gfdnt ha$ been notified to the cipl￿&t aod il uncondiuon F￿d% G￿er&I fimds are unrestricted fimds uthich Are *vailable for use #t the di5Ctdiots of the Ttustees iti 5Jtthcrance of the general objectives ofthe Chatity gnd which have notbeeD dui8tiatcd fot othet puooses. Th• R•ym•thd Fr•k• Aw•rd Pund FIMn¢l•l •t•t•m•nt• lor th• y•v •nd•d >1 202S Accounting Policies Inv••lm•nts Inv¢8tments gre i foxm of btsic finwxial insttumettt attd att illitiglly tteo8ni8ed At theit tr￿saCtion v•lue gttd BubBequrtstly at their f9ir v#lue As xt the b¥lgnce shttt date the dosing quoted twktt ptiry The StstfAttent of FinanciaiActivities itidudes the netgAiDS Attd los$es ari8ing on the tergluAtion and di5posalE tbtougknut tbe year. Golw e•nc•rn The fitt￿¢1￿ &tatements baFe been prepsted on the b￿1& tbat tbe awity is 8 goitig concettL ivhen with fattOt8]ikety to affect tts deveiopmeDL perfotmatLce znd p05itioJ: these gre set l￿ztiti the Tn]8tees' Repott The Trnstees considtt th/t thete no matetigl utsctttainuu on Chaxitl$ *biliry to contxtiue its •ctiVities for the fott8eeNbk fU0J￿ The Tsu5tees ￿ s¥i&fied that tbe Charirf8 assets ate i]xble and adequate to fulfil its oFAigaiions fot * peri￿ of at le8$t twelve rtsonthB from the si8tsill8 of these 5nanciai statements. ¢￿h at bank •nd kn hand Casb at bwik Aad in hattd cgsh and short t¢ttn hi8hly kqwd inVestr￿nts with ¥ bhort matillity of tbEe¢ month8 Ot less frotn the date of or opellthg oEthe dep(Ait or simiJ8f aCCOUttL Cr•thM• and wovl•lon• ev¢tLt that will Pro￿b￿ result iti the ttall6fer of hjnds to i thitd pAty and the amount due to seftie the Flbmficial In•tcwn•nl• The IJRtiry cdyl)4B fia•nciAI •ssets and liAknlitie4 of • ktid th*tquglify as b￿1¢ itiatLuments. Basic f￿2￿￿]21 insthllneJts Are lnitsglly rne25ured at trAn¥?¢tiot18 v¥lue 2nd *:Iwuently meagvred At thctr Th• R•ymond Fr•k• Awarrf Fund nn•nelal •tat•m•nt• for th• y••r ended 31 Au•i*t 2020 10 Notes to the financial statements Thrte totsl of £Dil P024: £nif) all¢xated to the pupls o£The P￿8￿￿, School fot d￿ followiog period th*t was unp￿d at 31 August 2025. 303 1,5Th) 1503 The Tn￿ttts received reit)]buThemet)t of ttavd ezpcn8es totAllthg £Dii (2024: nJI). Gov•rnanc• Costs 21V25 2024 1,5Th1 1￿cK) 303 Empl•ym•nt costs The Charity &'dnot hve Any ejnployees dutrg the yeAr (2024.. nll). No remunetAtion wa8 p￿d to 8ayTnTrttt iti the ye4r (2024: £nJT). Expenses totsllitig £tsll (2024: titi) wtte paid to Tntstees theyeatia tespert of travd cxpeo8es Th• R*yniond Fr•k• Aw•rd Puftd VlnmnGl•l •l•t•m•nl• f•v th• ymr •nd•d 31 A¥y•t 2029 11 Notes to the financial statements VgbJe at I Scpten)ber 2024 1,111.683 (3W) 93,804 Iffi8063 &2044 Ma&et Value #t 31 Au8VSt 3Y25 Histozid c05t at 31 Au8USt2025 aad 31 Au8USt 2024 67£m 674.891 Pzepayments 4941 941 452 550 699 1699 The R￿m￿d Fr•k• Aw•rd Fubxl FIn￿GI•1 stAternents for the y••r •md•d 31 2020 12 Notes to the financial statements Fund• UnteA]iAed ggtijs at I Septembet 3)24 S30￿96 (4624) 494972 At 31AuS￿rt2 the yest. tbe Tmdtgtaoted Ixusariu totsthng £40.721 (202* 00.674) to p* of The PJ]w' Sth<)ol aod 8ettkd £11298 of BurwieB for the followgyeu ate li$trd ￿ ptepAymen The Directot & Re8ource8 •od He4dowttt of The Pilgrim8' Scbc¥)L the Deth of Winckesttt Cxthedd ate ex offirioTzuBtee8 of the TtU8L At the yeAt.end 8 b*knce of £DAI (21W'. £r as