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2024-03-31-accounts

COOPERS CHARITY CIO Re&St￿ed Cknrity NutttkE 1155094 TRUSTEES? ANNUAL REPORT and ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

Contents Trustees, Annual Rq)ort Independent Examinet's Report Statement of Financial Activities B2]ance Sheet 10 Notes to the Accounts 11 Page 2

COOPERS CHARITY CIO TRUSTEES? ANNUAL REPORT for the year ended 31 March 2024 i. Legal & Adn]inistrative Details (a) Name: Coopers Chatity CIO (the "CIO", ot the "ch￿1￿?. O)) No: 1155094. (c) Pjincipal Office: 13 Devonshire Squate, IA)ndon EC2M 4TH. (d) Names of trnstees on the date this teport was apptoved (each a 'Ttustee". together. the Tn￿te¢S") vtVLAN BAIRSTOW PERRY BOUSFIELD CLARE HUGHES LEIGH JOHNSON PIERS ILEWLYN JONES li SAILIH CHEALE H￿ENA COOKE JULIAN DAY JOHN FAHY NICOLA FYFE BIIL SCOTT JULIE-ANN WEtIlAM Note: The Ch￿lty is a "foundation CIO" where the trustees ate also the membets. Most of The Worslll'pfill Company of Coopers ("Coopers' Company,? Court membets ate ex-officio trustees of the Charity which may appoint up to three additional trustees having tegard to the skllls, lu]owledge and expetience needed fot its effective administration. The CIO appoints a Ch￿ltieS Committee from membets of the Coopers, Company, compiising four ex-officio Court membets and nornially up to fifteen mote members (from the Court and membership of the Coopets, Company) to be tesponsible fot iti]plemenliag the strategies decided by the Trnstees. During the year to 31 March 2024 2nd subsequendy to the date of tbis tepot¢ there were the following cbanges to the board of trustees. Appointments Kevin Chapman Nicola Fyfe IA2m Randall Effective Date I l July 2023 11 Juty 2023 16 July 2024 Resignations Michad Zucketn]a Roy Campell Ian Ludet Alan Roberts Ian Ftood Alistair Hutcl]inson Sitnon Edwatds Effective Date 6 June 2023 26 March 2024 26 March 2024 26 Match 2024 18 June 2024 18 Juae 2024 16 July 2024 The governing document of the Ch￿lty is the constitution adopted on registration on 20 December 2013, as amended on l Novembet 2020 (the "CIO Constitution,?. The current objects Are shown bdow. Page 3

(e) The Chatity is established fot the pub]ic benefit to make gtants fot the following chajitable putposes as the Trustees in their absolute discretion t))ay detern)ine: i) To assist persons in conditions of nee(L hatdsbip ot distress in the Gteatet London atea, the county 0£ Suttey and membets of the Coopets, Company, theit widows and dependents. ll) To adrance education & learning generally, in particulat but not exdusively in tdation to the trade of cooperage and among pupils of the schools associAted with coopers, namety the Coopets, Company and Coborn School and Strode's College. iii) To advance education & Ivatning in re]ation to the Coopets, Company 2nd Coopers, Hall 2nd its historical artefacts, records and archive indu(hng by the provision of pub]ic access" iv) To maintain and preserve the hitptory and I￿ltAge and to advance the pub]ic's education and l¢arning of the ancient trade of rooperage: v) The pteservation, repair. maintenance and enhancement of Coopets, Ha]L 13 Devonshite Square, IL)ndon EC2M 4TH and its immediate envitons, 2nd the pteservation and conservation of artefacts and items of historic ot 2ttistic interest or meziL induding but not limited to historical 2ttefacts, tecotds 2nd atchive of the Coopets, Company" and vi) To support such otbet genetal cl)aritsble putposes as the T￿￿te¢S may in their absolute disctetion detern]ine (each an "Objecrf,. togethet the "Obj¢cts'). i Explanation of the Wotk of the Clwity The CIO has not undertaken any ditect c])atitsble activitics iti this teporting year. In pursuit of cbatitable objectives sevetal grants have been made to individual chatities 2nd oiganisations which provide ditect benefit to the vjider pubhc. Etnetgency welfare payments have all been made to individuals in need, along with butsaries to students to continue kngher education. The long tetm strategy ts to continue maknng similar payments within the Objects, The Trustees have had tegatd to c1￿￿ty Commission guidance on public benefiL The following payments were Jnade during the ye￿. Educational Wdfate Young People Community Centres Shelters for Homeless City of IK)ndon Instittjtions Health and S2Ting IAfe Churches 58,491 41,162 14,250 6.500 7,500 9,000 2,(K)O 4.300 38 11 10 79 143,203 Pag¢ 4

  1. Resetyes Policy The policy of the Trnstees towards reserves of the CIO is that any capitsl ot income 0£ the CIO'S chatitable fimds not CLtttently tequired for the purposes of the CIO, may be invested by the Trustees. It is the intention of the Trnstees to sustain funds at a level which will pIovide sufficient inveslment income to inctease the levd of gtants made. cover the CIO'S management and aLln)inistr2tion costs and to be able to tespond to any emetgency applications which may arise. The Ttustees review the teserFes avaijable fot distiibution to qua]ifying beneficiatics annually to ensute that thete ate always sufficient cash resoutces to covet at least six months, expenditute based on the average annual grants and donations in the previous six years. The free ieserves at 31 March 2024 wete £321.397. and in ]ine with the above policy Atnalgamation of the R2tc]Aff Trnst with the CIO The forn￿ R2tdifE Trnst providcd annual funding to thc CIO 2nd thc Coopets, Company and Coborn Educational Foundation (Ch￿lty number 310935) (the "Found2tion'? by distributing its annual incojne after expenses one third to the CIO and the balance to the Foundation. On 19 April 2016 under an agreement between the CIO and the Foundation all investtnents of the Ratcliff Trnst (the "Ratcliff Tn]st Capitsl.? were tr3nsfetted to the CIO subject to an ob]gation to pay to the Foundation a sum equ21 to two thirds of the net yearly income arising from the Ratcliff Tn￿t Capit2L In 2CCOtdAnce with a tnemotandum dated 12 July 2016, the Trnstees shall ensure that whenevet thete ate material additions to, or distributions from, the investments held by the CIO that appropriate adjusthients are made to t¢cord the P￿CentageS in which such aggtyte Anvesttnents compIise respectively those investm¢nts hdd for the gener9J putposes of •• the CIO 2nd those atising from the Ratdiff Ttust Capital. At 31 March 2024. the Ratdiff Ttust Capital represented 62.3791(/P o of the aggtegate jisted investtnents of the CIO, and this percentage is the proportion of the associated income allocated to the Ratcliff Trnst Capital in the yeat.
  2. Funding Soutces The ptincip21 Smding soutce of the CIO ts the investinents which have been inherited from the five fornet chatities namclT. Harold Gtiffin Gift FunLt. Strode's Egham Pension & Eleemosynary Charity. William Alexandet's COop￿s, Liverymea's Fund; The Ratdiff Pension Chatity: and The Palmet Foundation (togethet, the "Fornier Charities,). Capitsj from the Ratdiff Trnst was added in 2016, as set out in item 4. above. Regd2r donations ate made by individuals, and petiodically the Coopets, Company donates £rom its Hthitage Fund to the CIO.
  3. Financial Review The portfolios of the Fotmer Charities were transfetted to the CIO with effect from 31 March
  4. The Coopers. Company's Heritsge Fund had already donated shares with an approximate value of £41,000. In totsl these portfolios had 2 value OE c.£3.28m at 31 March 2014. The po]icy has been to produce a high income while at the same time ptotecting the capitsl from inflation through a portfolio of equities 2nd other assets. At the yeat end the portfolio had 2 value of £4.82m (2023: £4.46m) (induding the portion attributable to the Ratchff Trust Capital). During the year the CIO acted as custodian of fimds of the Coopers, livery Housing Fund IAtnited ("CLHF ), an entity estsb]ished by The Wotshipfid Company of Coopers. This arrangement ceased on 31 J2llU2ry 2024. and fimds were subsequendy retL]rned to the CIHF (see also note 15 of the Notes to the Accounts).

  5. Investnient Policy The CIO has approxitnately £4.82m of investments which provide the income for the cutrent cl]atitsble activity. The gim is to ba]ance the needs of cuttent and futttte beneficI￿leS. The capitsl remains invested to ptoTide for fukntre beoeficiaties and the incotne is distributed to cuttent beneficI￿les. The Ttustees of the CIO bave delegated the tesponsibilities fot investment to the Coopers, Company Investment Committce and the portfo]io is managed by Bt¢win Dolphin Investment Managers. They meet quarterly and teport to the Tn￿teeS at least annually. Pag¢ 5

  6. Trustees, Induction and Ttaining Potential members of the Court of The Wotshipbjl Company of Coopets are briefed on their tesponsibilities by the Master and the Clerk and tnade aware that they become, cx-officio, a TTh￿tee of the CIO. They ate also provided reference teading pubhshed by the Charity Con)mission. Annually, the Trnstees ate teminded of the tesponsibilities of theit tole and 0£ its importance.

  7. Trustees, Responsxbilities The Ttustees ate tesponsible fot pteparing the Tntstees, Report and the financial statements in accotdance with app]icable law 2nd United Kingdom Accounting Standatds (UK GAAP). The law applicable to charities in Eogknd & Wales tequire the Trustee5 to ptepate fjnanaal statements fot each financial year which give 2 tme and Eair view of the state of the affairs of the Chatity and of the incoming tesources and application of resources of the Charity for that period. In preparing these financial statements. the Trnstees ate requited to: select suitable accounting policies and then apply them consistendyg observe the methods 2nd piinciples in the Chatities Statement of Recommended Practice. make judgements and estimates that are teasonable and prndent. state whether applicable accounting standArds have been followed, subject to any matetial departures disdosed at)d exp]ained in the financial statements. ptepgtt the financial statements on the going concern basis unless It is inapproptiate to ptesume that the CIO will continue to operate. The Trnstees ate tesponsible fot keeping propet accounting tecotds that disdose with reasonable accuracy at any time the f￿ancIal position of the Chatity and enable them to ensure that the financial statements comply with the Chatities Act 2011. the Charities (Accounts and Reports) Reguktions 2008 and the provisions of the CIO Constitution. They are also tesponsible lot safeguarding the assets of the CIO and hence fot tsking te2sonable steps fot the ptevention and detection of fraud and othet ittegu]atities. io. Publlc Benefit The Trt￿teeS have consideted the Chatity Conimission's guidance on public benefit. induding the guidance "public benefit: runni￿ a chatity (PB2)" ii. Apptoval Statement This report approvcd by the members of the Court of the Coopets. Company in their capacity as Ttu8tLc e CIO at theit. m¢¢ting 00 17 D¢c¢mber 2024 son Trnstee Mastet of The Worshipful Company 0£ Coopers Day Trustee Treasuret of The Wotshipful Company of Coopers Page 6

Coopers Charity CIO Year ended 31 March 2024 Independent Examiner's Report on the Accounts I teport to the Ttustees on nLy exan)ination of the accounts of Coopers Ch2rity CIO (the Chajity ) for the year ended 31 March 2024. Responsibilities attd basis of t¢port As the chatity's Tnlstees you are responsible for the pteparation of the accounts in accordance with the tequirements of the Charities Act 2011 (the 'Act). I report ill tespect of tny examinatiort of the Chatiws accouots out under section 145 of the 2011 Act in caryying out my ex9Jni￿ti0n I have hllowed all the app]ic8ble DAreCti￿$ gAven by the Clwity CollLtillssion under section 145(5)(b) of the Act. Independent examirter's Statement I have coxnpleted my eXami￿tiOn. I confitm that no ma￿181 matters have cotoe to my atteotion in coonection Ivith the examination giving Jne cause to be]ieve that in any material respect: (l) accoun1ing £eco£ds wete not kept in respect of the Ch￿lty as required by section 130 of the A¢ o (¥ the accounts do not accord with tbose records. ot (3) the accounts do not comply with the 2pp]ic2ble requirements concerning the forfn 2nd content 0£ accounts set out in the Chatities (Accounts and Reports) Regul%tions 2008 other th￿￿ any requIrem￿t that tbe iccounts we a 'In￿ 2nd fait Fie which is not a matter considered as p3rt ot an itidepelldent euM1￿tiO I have no coocenLS and have corne actoss no otbet mattets in connection WAth the eX0￿1n￿li0ts to which attention should be drawn An tliis report ia order to enable a proper understandjng of the accoullts to be rached. Natne.. Relevant professional qua]ification or bodT. On behall 0£. Ajison Pyle ACCA Buzzacott ILP Chartered Accountants 130 Wood Street London EC2V 6DL Date: 29 January 2025 Page: 7

Coopers Charity CIO Statement of Financial Activities For the year ended 31 Match 2024 Designated (Heritage) Fund Total Funds 202A Income Fimd EndoiwmeDt Fwids Note Income and endowmettts: Investment incorue Donations 177,427 19,060 177,427 30,773 11.713 Total Income 196.487 11,713 2082 Investment m9nagement fees ch￿l￿ble aaivities 17,305 17J05 143,203 29,928 173,131 143,203 29,928 190.436 Support costs Total Expettdltute 17J05 Net incomel(expellditure) before investment g9ins Gaiti on investments 23J56 11,713 {17305) 236258 17,764 236258 io Net Income fot the yeat 23356 11.713 218,953 254.022 Accumulated Fuods brought fotward 298.041 4.291,782 4,589,823 Accumulated Funds cattied fotwatd 13 321397 11.713 4510,735 4,843,845 The accompanyitig notes fomi intewl part of these fingnaal statements. Ajl #ctivities are continuing and there ate no tecognised ggins and losses other tlun as Showrt abovL Page: 8

Coopers Charity CIO Statement of FAnancial Activities For the yeat ended 31 Match 2023 Designated (H¢ritage) Fund Total vnds 2023 Jn¢om¢ Fund Endowmen¢ Funds Incom¢ aryd ¢ndowm¢n.tr: 179.486 11,731 443 1,520 179,929 13,251 Donations Total Income 191217 1,963 193.180 Exp¢ttdAtut¢ Investment management fees ChaDtJble activities Heiitage expenditute Gwits Support costs 16,197 16.197 15,493 149,405 30.766 57207 72,700 149,405 30.852 86 Total Expettditute 195.664 57293 16.197 269.154 Net expenditure before investment Adjustments rdating to CLHF L055 on iiive5tments (4,447) (55J30) (16,197) 15.850 260,735 5.974) 15,850 (264211 15 io ,476 Net Expeftditute for the year 4,447) (324335) 58,806 261.082 Accumuhted Funds btOU8ht £otw￿d 301488 58,806 4,5.52,864 4,914,158 Accuwulated Funds cattied fotwatd 13 4.291,782 4,5119.823 Page: 9

Coopers Charity CIO Balance Sheet as at 31 Match 2024 Note 202A 2024 2023 2023 IDvestment8 - Listed at matket value io 4,512,511 4,158,664 Investtneiits - Utilisted At market value esiamation io 303.500 4,816,011 303.500 4,462,164 Cuttettt Assets Debtois Cash at bank li 51604 75J55 127,959 56,432 149,118 205,550 Cuttent LiabilAtie8 Creditor8: amounts Ealliag due vjithin one year 12 100,125 7,891 Net Cutten¢ Assets 27,834 127,659 Net A88ets 4,843,845 4,589.823 Endovrniettt Futtds 13 4,5111,735 4,291,782 Designated (Hetitage) Fund 13 11,713 Unte8trACtcd Income Futtd 13 321,397 298.041 4,843,845 4,589,823 L.L Johftso TDJStee Master of The Worshkpfill ConLpany of Coope ) on behalE of the Trustees Treasurer of IILe Worshipful Compgny of Coopus Date.. Page: 10

Coopers Charity CIO Notes to the Accounts For the year ended 31 March 2024 Accounting Policie8 A summary of the pjynapal accountiog po]icies adopted, judgemcats and key sources of estimation uncertainty, is set out below. Basis of Ptepatation of the Accounts The accounts have been Prep￿ed in accotd2nce with the Financigj Reporting Standatd app]ic4ble in the UK and Republic of Irdand (FRS 102). Coopers Charity CIO is a pub]ic benefit entity for the puwses of FLS 102 ond a tegistered charity and therelote has glso ptepated its ccount5 in ￿cOrdanCe with the Statement oFRecommended Practice app]icable to charities Pteparing their accounts in accotd2nce with tbe FitiancAal ￿e￿tting Standard #pplicable in the UK and Republic of Ireland (Chatities SORP FRS 102) and tbe Chatities Act 2011. The 4c¢ounts 3tt pzesented in stedjng which is dje fi￿ctional cutrency of the ch￿ity aod rounded to the neatest pound. The accounts do not incllude a cathtlow ststement beacuse the charity, as a sm2ll entity. LS exempt ftom the tequirernent to prepare such a statement. Going Concern The Ttustees bave assessed whetber the use of the goitig concern basis is apptoptiate and have considered possible events or conditions that rn￿ht Cast swificant doubt on the ability of the Clwity to continue as * going concem. The Tmstees have made this assessment fot a petiod of #t kast on¢ year from the date of the gpproval of these accounts, In particula4 the Trnstees have consideted the Ch￿1￿$ fotecasts and pIojections and have taken account of ptessutes on investment income. After enquilles. the Trnstees have conduded that tlwe g teasonabk expectation th2t the Charity has adequate resources to continue in operational existence fot the fo￿Seeble ￿tt￿e. The Chatity thetefote cootinues to adopt the gDing concem basis in prepallng its accounts. Income All income is recognised in the Statement of Finan(ial ActsFitie5 (SOFA) Ivhen tkn Chatity has entidement to the income, there is probabi]ity of receipt at￿ the amount can be nLeasuted. Where a daim lot tepaymellt of income tax h8$ been ot wi]1 be made such income is ￿oSSed up fot the tsx ￿cov￿b1e. The lollowing 2ccouating policies are app]ied to drf£etent categoties of income. Grnnts and Donations Receivable Grants and donations are recognised in the SOFA when conditions lor receAPt have been complied with. lllvestment Income Investment income is accounted fot when teceivable and ts stated gross of 2ny ieclaimable tsxation te]ief. Charitsble Activitie8 Expenditure is charged to the SOFA for the period to Trbich it rdates. Investments Unlisted investments are shown at estimated market value. IASted lovestn￿￿ts ate shown at nutket value. Judgements and key 80Utces of estimation uncertainty In the application of tbe Cbatitys accoullting po]icie4 the Tmstees are WUAred to make judgements. estimates gnd assumptions about the cattying amount of assets and ]iobilities that ate not readily app9ttnt ftoxn othet soutces. The estimates and associated assiimptions are based on historical expetience and other factors that are considered to be ielevant. Actual tesults may diff from these e8till]ates. The estin]ates gnd uudedying assuthwtorts 9te reviewed on att Ongoi￿ basis. Revisions to accounting esiimates 2re recognised in the petiod io wbich the estinute AS revised where the revision affects only that P￿10d. ￿ in the petiod ol the teFiSiOll gnd fUt￿e petiods whete the revision affects both cuttent and future periods. The CIO'S unlisted investo￿ntS are trviewed annually by the TDJStees aod io dKir Opinio￿ the canying v4]ue is not n]ateualty ditfetent ftom its estimated Jnarket value. Fund sttucture Bodovm)ent fimds comprise monies which must be held as capitsL Pcrmaneot end0￿Mellt fijnds tDUSt be pernianently tetsined by tbe Trustees and c2J)not normally be spent as if they wete incotne. Where the Trnstees have a power of discretion to convert endowed capitsl into incon￿. the fund is known as aa expendable endowtoettL Incon)e arising from endownwit funds is cr¢ditd to general fi￿d$ and applied for gen¢rAI pu￿05e$ (unless ti ts r¢stacted for specific putposes). Restricted fiujds comprise mODies t2ised for, or wbich bave theAr use restrACted to. a specific purpose, or contiibutioos subject to donor-imposed conditions. Genergl fimds represent tbose monies which are freely available for application towards achieFing any C￿￿1￿ble pury)ose that falls within chatity's chatitable objects. There were no othet s4nLficant judgements or esttt))ates ill rejatiort to the yeat undet review. Page: I I

Coopers Charity CIO Notes to the Accounts For the year ended 31 March 2024 Oth¢t financi81 in$tnun¢nts Cash and cash equivalents Cath and cash equivaletsts indude c28h 2t bank and in hand and short terni depsits with a matiuity date of tbree months or kss. li Debtors and cteditots DebtoTr gnd creditors teceiFable ¢x payable witbin one yeat of the ieFK)rting date are callied at their transaction ptice. Prepayments are valued at the amowit prepaid. Creditots 9nd ptOViSAons are recognised where the Charity has a present obligatiott resthting from a past event which will result iti the trartsfer of fi]nds to a third paty 2nd the amount due to settle the obl￿atiOn can be measured or estitnated reliably. Creditors and proFiSAons are recognised at theit settlejnent value. Investment Inconie De8ignated (Heritage) Futtd Ittcome Fux 2024 Dividend/interest tncotne - Listed - Unlistcd 156,181 21.245 156.181 21245 177.426 Designated (Heritage) Fimd Income Fund 2023 2023 Dividend/inteTest income- listed . Un]isted 158,241 21,245 443 158,684 21,245 17l) (J21) 443 Donations Designated (Heritage) Futtd EndoTrvment Fwids Total Funds 2024 Income Futsd D￿bY Land Building & ￿vest£￿ent Co Ltd donation Cjn lieu of direttots, fees) HeIitige fijttd Other don2tions 1,750 1,750 iJ80 27,643 30,773 1.380 10,333 17?10 19,UOU Donation8 De$igtiated (Heritage) Fund Endovnnent Funds Total Fwids 20 Income Fund 2023 Derby Lmd Building & Investment Co Ltd donation lieu oFdirectot8' fees) HeritAge fijrtd Other donations 825 1.520 1,520 10,906 13251 10,906 11,731 Page.. 12

Coopers Charity CIO Notes to the Accounts Fot the year ended 31 March 2024 Heritage expettditure Hetitage expendityre indudes a contiibutioti towatds refittbislllnent costs for the Coopers, Hxll and costs that ftuther the histoticgl education about coopus and support wodEs that continue the industry and 9]located from the Designated (Hetit&ge) FuniL Tax4tion The CIO, being a re8i5tsted charity, 15 not hable for corpotatioll tsx in respect of Ats operAtiorts for tbe year. Ttu8tees' Remuneration and Expenses No T￿￿tee ieceived any rCMi￿Vr,.I[l00 ot rcimbut5ClIlCnt of rycn5es duting the ye3t. The CIO has no employees 2nd thus no key manage￿£￿t peTSODnel but receives adn)inistrative support from The W0￿biP￿1 Company of Coapets 2s disdosed iti note 9. Grants The Ch￿lty awarded gt2nts in filrthctance olits ch￿itable acttviiies as follows.. 2024 2023 The Coopets, Company and Cobom Educational Folu￿atIOn (te5tricted) Fhitecbapei ￿SloA Toynbee Hall Coopers, Court Buildup Foundation St Botolph without BL5hopsgate Sir Oswald Stoll Fouodatioo 52.769 5.000 4,000 3,510 3.150 3,050 3,000 1500 1000 2.000 2,000 2,000 1,500 I,OIK) 675 52,921 5,(K)O 4.IK)O 1823 3,050 3,1K)O 1500 ICN)O 2,(K)O l(K)O I￿0 1750 1500 2,000 l(H)O 58,861 Create (Atts) Liniited B]ind in Busirtess St Paul's Cathedral Neighbours in Pop Besom in RU[￿ymede Harold Hm Food bad£ Haveriog Association The Good Shepherd Mission Grants Utsdet £2,000 55,049 143,203 149,405 All graots othet thgll to The Coope￿, Company and CoEwtt Educational Foundatio4 Eor 2024 and 2023 arc c(￿SIdered unrestiicted expendibjte. Analysis of gtaftts made 2024 2024 2023 2023 o. no. Education21 W￿E￿e Young People 58,491 41,162 14.250 6.500 7,500 9.000 2,000 4JOO 60,196 43,112 10.950 11.000 7500 8.990 1,107 6.550 38 36 io Shdtcr5 fot Horneless City of Lnndon Instithtions HealdL nd lafe Saving io 79 43,2 149,405 Page: 13

Coopers Charity CIO Notes to the Accounts For the year ended 31 Match 2024 Support costs 2023 Accountgncy and Independent Ex2Jnin2tion fees M2nagement chatge mie Wotship£ul CoLnpany of Coopers) Cloket will payment Other expenditure Less.. Amount appottiorted to Coopers, Livery Housing Fund (see note 15) 6,000 21,000 10,366 21,000 5.531 2,605 29.928 3,084 3,600 311.852 Support costs include tbe Independent Examination fee of £6,000 (2023: £10,366) which is consid￿ed to be * govemance cost 10 Fixed Asset Ittve8tmeJJts Unqlloted love$tment Quoted Ittvestinents 2024 Total 2024 Equity Investments 2024 Market Valuc brought IoLivatd Ad￿"tiOnS at cost l£ss disposal proceeds Realised gaiti on disposals 303,500 4,080243 1,141,104 (980,704> 79.147 4,319.790 146J36 4,466,126 3,811,306 4J83,743 1.141.104 (980.704) 79.147 4.623,290 146,336 303.500 Net gain on revaluation Market Value at 31 March 2024 ilon¢ Cott of&f¢¢d inv¢s¢ments * 31 M4p¥b 2024 2023 Unquoted Investment Quoted lttvestments Total 2021 Equity Iov¢stments 2025 2023 M￿ket Value btought fi)twatd Additions at cost Less disposal proceeds Re9Jised aoss) on disposals 303,500 4,409217 787,863 (846.802) (60,985) 4289293 Net Ios5 on tcv#lu41ti()n 211().1150 Madot Value at 31 Match 2013 4.080243 H￿10￿< Cost ofl£tted 31 Mor<b 2023 3.699.764 Thc unquoted investxnent5 above represent 48.56 /0 of the issued S]￿e c2Pital of D￿bY Land Butlding & Investment Co tinjited (a company ie8iStered iti Eoglaod 3JMI Wales) and is thetefiite con5ideted to be an associated company of Coope C1￿￿ty CIO. 4,711717 787,863 (846.802) 60,1)85 4,592,793 2U(),II_%Q 4383,743 303.500 303.500 Unquoted Irtve8tment Quoted Investinents 2024 Totsl 2024 2024 2024 Geographical knaiysiB UK investments Overseas illvestxnents 303,500 3.401424 1.063.702 4.466,126 3,705.924 1,063.702 ,62 303,500 Page: 14

Coopers Chatity CIO Notes to the Accounts Fot the year ended 31 March 2024 10 F￿ed Asset Investments (continued) Unquoted Quoted InYe8tment Investments 2023 2023 Total 20 2025 Geographical Analy51S UK invest￿lent5 OveTheas Investtt￿tS 303.500 3.000,077 i.111111.IC)6 orroo 4,n80,243 3.303.577 1.1180.IC)6 4.383,743 Itwestments listed at matket vaiuc Quotcd 2024 Quoted 2023 Unquoted 2024 Urtquotcd 20 Equity Portfolio Cath hcld within iovestments 4.466.126 46.385 4,512,511 4,080243 78,421 8.664 303.500 303500 303.500 303,500 There are ao quoted investhients considered to be matetial in the context of the portfolio. 11 Debtot8 2024 2023 Prepayments 2nd accryed dividends 52,604 56,432 12 Cteditot& 2024 2023 Grants pAy*ble Account$ payable and accnuls Amouttts due to The Coopers, Lavery Housing Fund Afflount due to The Coopet5' cO￿PaI)Y 9￿d Cobom Educational Foundation Allkouttt due to The Wotshipfid c¢)￿p￿Y ol Coope 21700 10,889 8,517 52,769 5,250 00.125 12,600 11.516 52.921 854 77,891 13 Analysis of Nct Assets between Funds Designated (Heritage) Endo￿￿eThI Fund Futtds Total Funds Income Fund 202A InVeSt￿ents . ttistEd Jnvestnmts . Unltsted Debtors Cash at bat Cteditots IOJ33 4.502,178 303,5(KI 4.511511 303.5Th) 52,604 75?55 (100.125) 52,604 368,918 (100,125) 1,380 (294.943) 321.397 11,713 4,510,735 4.843.845 At 31 March 2024 Endowment Futtds coo)pii$e a permatsent endOwn￿tt telating to the Ratc]iff Trust (£ 2.8m) and expendable endowments inhereted ftom five forrn￿ chatities of £1.7 Page: 15

Coopers Charity CIO Notes to the Accounts For the year ended 31 March 2024 13 Anaty$i8 of NetAs8ets between Fund$ (conttnued) Designated (Herltage) EndowmeDt Funds Total Futtds 2023 Income Fund 2023 Investments - Llsted Investtnents - Unlisted Debtors Cash at bank Cteditors 4,158,664 303,500 4.158,664 303,5(K) 56.432 149,118 7.891 56.432 319.500 7,891) (170.382) 298.041 4291,782 4,589.823 14 Related party transactiotts The Coopers Chatity CIO incurred gn administrative fee of £21,000 (2023: £21,LW from the The Worshipfvl Company of CoopeTS. The Coopers Chatity CIO is the ch2ritAble arm of The Wotshipful Compgtty of Coopers. At the year end the Coopers Chatity CIO owed £5250 (2023: £854) to The WorShipfi￿ Compaoy of Coopets. Two of the Tn￿tte$ are ditectots of Ded)y IAnd Buildthg & InvLSttnent Co Ltd of which the CIO owns 48.56Q/o of the equity shares. Their ditectoIs' ftts are donated to the CIO (see note 4). Two 0£ the Tmstees are also governors of The Coopet$' Company and Cobum EducatiOng1 FouudatioD ("Foundation"). Two-thirds of the net iticome *tttibutable to the BAtchff Trnst upitsl is payaTr>le to the FoundatioL This amounted to £52,769 for the year ended 31 March 2024 (2023: £51921). Some of the TtU8tees ate also membus of th¢ Cornmittee of mart2gem￿t of The CcM)pers' IAvety Housing Fund C'CLHF,), As noted below. the Coopers Chatity CIO held custodian funds from CLHF. At 31 Marth 2024. the charity owed CLHF £8,517 (2023: 15 Custodian Funds The Coopers Chatity CIO held custodiati fox The Coopets, LAvery Housing Fund in the fom] of gn illve5tment tM)rfolio with Brewin Dolphiti Investment Managets, includiijg cash held investments until l Febnwy 2024. The v21ue of the illvestments hdd at 31 Match 2024 w45 £nil (2023; £503281). P%ge: 16