Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 Company Registration Number: ()084(1 Charity Registration Number. 1157483 THE WYFOLD CHARABLE TRUST (a Company Limited by Guarante and Resis a5 a Charity) REPORT AND FINANCtAL sfATEMENrs For the year dIng 31 March 21Y26
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARrrABLE TRUST CONTENTS Page Reference and Admintstrative Jnforniation Trustees, Annual Report Report of the Jndependtht Auditor 7-10 Statement of Financial Activities li Balance Sheet 12 Cash flow Statement 13 Notes to the Finanaal Statements 14-20
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARrrABLE TRUST REFERENCE AND ADMINISTRATtVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2026 Thé Wyfold Charitable Trust is a charitable company limited by guarantee and incorporated in England and Wales as Company number I)4081 on 12 June 2014 and re8iStered as Charity number 1157483 on 16 June 2014. The company was established under a Memorandum of AsxKiation whith established the objects and powers of the charitable company and is sovemed under its Artide5 of Association. The Director5 of the charitable company are its Trustees for the PUTposes of charity law and throughout this report are collectively referred to a5 the Trustees. TRUSTEESIDIREcfoRS Adam R Fleming Angus R Flemin8 Hermione K Goldsmith Roderick I Fleming Nicholas R D Powell COMPANY SECRETARY Celia E S kott REGISTERED OFFICE 14 Buckingham Street London WQN 6DF INDEPENDENT AUDITOR Hazlewoods Ltp Windsor House Bayshill Road Cheltenham GL50 3AT REGISTERED COMPANY NUMBER 09084081 REGISTERED CHARrrY NUMBER 1157483 Pa8e I
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2(126 The Trustees are pleased t0prt their report together with the financial statements of thecharity for the period ended 31 March 2(r26 which are also prepared to meet the requirements for a Directorfs Report and Accounts for Companies Act purpo. Referen and administrative infOrntiOn set out on page I for part of this report. The financial statements comply with the Charities Art2011. as arnde¢ the Companies Act2(XNS and the reviewed Statement of RecommeTtded Practice- Accounting and Reting by Charities (SORP 20151. STRUCTURE. GOVERNANCE AND MANAGEMENr The Trustee5 who held offAce throughout the year are shown on pa8e l. New Trustees, when required. are selected by the serving Trustees and are appointed by a Resolution of exislin8 Trustees and confirmed by the Member at an annual general meetin& in accordance with the Articles of Ass(xxation. New Trustees are informed of the history of the Charity and acquainted with the activities of the Charity. No Trustee receives a fee for the service they provide to the charity. all time spent is donated free of charge. RFT Management servi Limited provide5 the charity with corporateltharity administration and financial reportins services. The Tntee5 receive re8ulaT reports from RFT Management Services Limited. The Trustees meet a minimum of two times a year. OBJEcfs AND AcnvrrIES The Charitys objects are to promote and support such charitable purpose or purposes and such charitable or8anisation OT OTnISatiOns, being Purpos and orsanisations which are exclusively charitable according to the law of England and Wales. as the Trustees shall from time to time at their discretion d&ide. The Charitys Obl1ve5 are wide in scope and allow the Trustees to modify their grant-making activity to consider varyin8 charitable demands over time. This means that funding can be applied where the TTUStees consider that it is most needed. In furtherance of the obiertives, the Trustees continue to nuke grants to charitable organisations both on a one-off and recurring basis. TheTrustees aim to continue to generate suffiaent irwme toallow the Charity to meet its grant-makins objective. This will be achieved by fr]ng on the l(Trng-term sustainabi]ity of the inve5ttnents and maintaining the capital value to 5UPPOrt thi5 income requiremenL The Trustees monitor the perforniance of the investments asainst their income requirement and capital 8rowth objertive5 in supportin8 income. Perfonnance is dISaSed regularly with the investment manager asainst suitable industry benchmarks. Page 2
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2026 (CONfD) GRANT MAKING POLICY The TEu5tees support a varietyofcharitsblepurposes by providins financial supp)rt to other registered charities. TNhiIst the Trustees are able to advance fimds out ofthe expa)dable endowment fund. the intention for the foreseeable future is to pay expeTW and grants solely out of income. The Trustees rnet twice during the financial year Lry)vered by this reF4)rL An order to consider the applications for assistance that had received. The Trustees require all beneficiaries to acknowledge grants made and where possible to provide an update as tohow fuThd5 have been applied by them in meetin8 their own charitable objectives and hence that the funds have been put to good use. The Trustee5 have considered the Charity Commission's guidanee on public benefit including the guidance'public benefit: running a charAW when formulating the grant makins policy. The Trnstees consider how srants can be made to ensure maximum benefits flows throu8h to the intended ultimate beneficiaries. ACHIEVEMEKfs AND PERFORMANCE With the objects in mind the Trustees during the course of the period eovered by this report made 41 grants totalling f315,344 {2025: 48 grants totalliThg £3535(M)) to a variety of registered tharities. These charities benefitted by way of increased financial resour to meet their charitable objects. The 8rants benefitted a number of public causes, as detsiled in note 7. A wide variety of causes were supp)rted. the most Si1f1¢t wa5 in the areas of advancernt of health or the saving of lives dvancement of education advancement of environmentsl protection or improvement advancement of the arts. culture. heritage or science The Trustees look forward to being able to continue their charitable work in the comins years in accordance with the Grant Makn8 Policy. whith reflects the objectives of the Charity. FINANCIAL REVIEW The Charitys principal Sour of income is fvom its investments which amounted to £422.418 (2025- £404,232). The Trustees do not envisage any material change to the operation of the Charity in the long-tern). The investments will continue to be managed on a similar basis to now. Notwithstanding this, the Trustees remain flexible in tern of the type of organisations supported so as to meet the dernands of the day. Pase 3
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 WCH 2026 ICONTT)) RESERVES POLICY It is the Trustees. intention to 5Ustsin the unrestricted funds at a level which will provide sufficit investment income to cover the dwitys management and administration c05ts and to be able to respond to any emersency applications that may arise from time to time as well as to continue making grants. At the Balance Sheet date, the free reserves of the charity amounted to £95,154. INVESTMENT POLICY The Trustees have asreed an investment policy for the Charitys investment portfolio and have instructed the investment rnanagers thai the portfolio is to be invested to produce a suitable mixture of income, in order that the level of srants may be maintained and capital growth to secure the future of the Charity in the comin8 years. This policy is monitored by resular investment reports and meetings with the investtnent manager& To meet these objectives, the Charitys investsnents are managed a(mss a range of asset c]asses to produce an appropriate balance behyeen risk and return. The Trustees have decided that it would be inapproprfftate to impose any sptrific ethical investment constraints upon the investment manager over and above thosealready contained within the manager5. i)wn ethical and sallY responsible investment polioes. IUSK MANAGEMENT The Trustees have considered the rlsks to whith the Charity is exposed. The principal risk faced by the Charlty is an investment risk. This risk could be the reduction in the capital value of the investments and the income derived from the investments, required by the Trustees in meeting their charitable objectives. This risk hhs been addressed by the appointment of professional advisors to monitor investment perfornwice and to decide on acquisitions and diskM)sals. KEY MANAGEMENT PERSONNEL The Trustees are c¢)nsidered to be the Key Management Personnel of the Charity. the Trustees are not remunerated tor their services and there are no paid staff employed by the Trust. Day to day manasement is carried out under an asreement with RFf hrfanagement Services Limited. Page 4
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARITABLE TRUST TRUSTEES. REPORT FOR THE YWI ENDED 31 MARCH 2026 (cor) STATEMENT OF TRUSTEES. RESPONSIBltirtES FOR THE FINANCIAL STATEMENrs The Trustee5 (who are the directors of the Wyfold Charitable Trust for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Acc(Truntins Standards (United KingdoTn GeneTally Accepted Aceountin8 Practi). Company law requires theTw5tees to prepare financial Staternts for eath finanaal peTtod which sive true and fair view of the state of affairs of the Charity and the resources and application of Tesources, including income and expenditure. In preparing those financial thtements, the TTUStees are required select suitable accounting poliaes and then apply them consistentlT. observe the methcwjs and PTinaple5 in the Charities SORP; make iud8ments and estimates that are reasonable and prudenL" state whether UK Accountin8 Standards have been followed Subject to any departures disclosed and explaird in the financial statements; and prepare the finanaal statements on a going c(Mrern basis unles5 it is inappropriate to presume that the dwity will continue in operation. In so far as the Trnstees aTr awarv. There is no relevant audit infonnation of whith the eknitsble companYs auditor is unaware: and The Trustee5 have taken all steps that they ought to have taken to make thernselves aware of any audit inforniation and to establish that the auditor is aware of that InfOrntiOn. The Trustees are responsible for keepirvé the accountin8 records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure the financial statements comply with the Companies Act 2(. They are also responsible for safeguarding the assets of the Charity and here for takins reasonable steps for theprevention and detection of fraud and other irregularities. The Trnstees are resporLsible for ensur1 that the Tn1$teÈ Annual Report is pTrpared in accordan with company law in the United Kinsdom. INDEPENDENT AUDITOR In accordance with Sertion 487(2) of the Companies Act 2W6, Hazlew(M)ds LLP are deemed to be reappointed as auditors of the Cornpany for the ft)llowing year. Page 5
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYIOLD CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2026 ICONfD SMALL COMPANY EXEMFllON This report has been prepared in accordance with the speoal provisiTr of Part 15 of the Companies Act 2(K16 relatins to small companies. Approved by the Trustees and signed on their behalf by. Adam R Flerning TThtee Date: The Wyfold Charitable Trust Company Re8iStration Number. l)X184(81 Charity Registration Number: 11574&3 Pase 6
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHAIUTABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE WYFOLD CHARrrABLE TRUST FOR THE YEAR ENDED 31 MARCH 2026 We have audited the financial statements of The Wyfold Charitable Trust for the year ended 31 Marth 2026 which comprise the Statement ofFinanoal Acttvities. the Balancesheet and the related note5. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reportin8 Standard 102 The Financial Reporting Standard Applicable tn the UK and Republic of Ireknd (United Kin8dom Generally Accepted Accountin8 Practice). Opinion on finanaal statements In our opinion the finanoal statements: give a true and fair view of the state of the charitys affairs as at 31 March 2026 and of its incoming resources and application ofres0u, including its income and expenditure, for the year then ended,. have been properly prepared in accordance with Urrited Kinsdom Generally Accepted Accounting Prarttce; and have been prepared in accordance with the requirements of the Companies Act 2LXNS and the Charities Act 2011. Basis for opinion We conducted our audit in accordan with Intemational Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those 5tandard5 are Eurther described in the Auditorfs responsibilities for the audit of the financtal statements sertion of our report. We are independent of the drity in accordance with the ethical requirernents that are Televant to our audit of the financial statements in the UL includin8 the FRCS Ethical Stsndard, and we have fillfilled OUT other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Condusions re]atin8 to going Concern We have nothing to report in respect of the followingmatters in relation to which the ISAS (UK) require us to report to you where: the trusted use of the 80in8 concern basis of aCnting in the preparation of the financial ststements is not appropriate: or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast Si8nificant doubt about the drI$ ability to continue to adopt the going concern basis of accounting for a EIlMI of at least twelve months from the date when the financial statements are authori5ed for i&fjue. Other infornution The other inforniation comprises the inforniation included in the annual report, other than the financial statements and our auditorfs report thereon. The tru5tee5 aTe responsible for the otheT information. The other infoLination cornprises the information included in the annual report, other than the financial statements and our auditors report thereon. Our opinion on the financial ststements does not cover the other inforniation and, except to the extent othen¥ise explicitly stated in our rep)rt, we do not express any foim of assurance condusion thet Page 7
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHAIUTABLE TRUST INDEPENDENf AUDrroR'S REPORT TO THE MEMBERS OF THE WYFOLD CHAIUTABLE TRUST FOR THE YEAR ENDED 31 MARCH ICONTD) In connection with our audit of the financial slatema)ts. our responsibility is to read the other information and, in doing so, corLsider whether the other inforniation is materially inconsistent with the financial statements, or our knowledse obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detennine whether there is a material mi&statement in the financial statements or a material misstslement of the other inforniatton. If, based on the work we have perfornied, we conclude that there As a material misstatement of this other infomtiO we are required to report that fact. We have nothin8 to report in this regard. Mattern on which we are rniuired to report by exception We have nothin8 to ryort in rw of the following matters where the Companies Act 2006 and Charities Act 2011 requires US to report to you if. in our opinion: the information given in the financial statenwits is inconsistht in any material respect with the trustees, report,. or sufficient accounting records have not been kept; or the financial statements are not in agreement wÈth the accounting records: or we have not received all the inforniation and explanations we require for our audit Re8ponsibilities of trust As explained more llY in the trusteeg responsibilities statemenL the IStee5 are responsible for the preparation of the financial statements and for 1n8 satisfied that they give a true and fair view, and for such internal control as the tntstees deterniine is necessary to enable the preparation of financial statements that are free from material misstatemen¢ whether due to fraud or error. Auditorfs responsibilitie8 for the audit of the financial statements Our objeLtives are to obtsin rea50nable assuran about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in a88resate, they could reasonably be expected to infiuence the noMiC decisions of users taken on the basis of these financial statemwts. As part of an audit in accordance with ISAS (UK), we exercise professional Judgement and maintain scepticism throushout the audit. We a]so Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perforni audit prureS responsive to those risks, and obtsin audit eviden that is Sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misslatement resulting from fraud ishigher than for one resulting from error, as fraud may Involvecollusio forgery. intentional omi5SiQDS, lsrePresentatiOns. orthe ovezride of internal control. Page 8
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHAIUTABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE WYFOLD CHARITABLE TRUST FOR THE YEAR ENDED 31 MARCH 2026 (CONT'D) Obtain an understandin8 of internal control Trlevant to the audit in order to design audit pr¢xedures that are appropriate in the orcumstances, but not for the purposffi of expressin8 an opinion on the effectiveness of the drilS internal controL Evaluate the approprialenes5 of accounting policies used and the reasonablene55 of accountin8 estimates and related disc105ures made by the trustees. Conclude on the appropriateness of the tntstees. use of the 80inS Lrymcem basis of accounting and. based on the audit evidence obtained, whether a materÈal uncertainty exists related to events or conditions that may cast SRgnificant doubt on the charitable companys ability to continue as x going concern. Ifwe conclude that a material uncertainty exists, we are requiTed to draw attention in our auditorfs report to the related disc1osLeS in the financial ststements or, if such disclosures are inadequate, to m(xlify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, futlre events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements. including the dtsclosures, and whether the financial statements represent the underlyins transactkons and events in a manner that achieves fair presenlation. Obtain sufflcient appropriate audit evidenc? regarding the financial information of the entities or business activities within the charity to express an opinion on the financial statements. We are responsible for the direction, Supervision and Perforrnan of the charitys audit. We remain solely responsible for our audit opinion. We have communicated with those char8ed WAth 8overnance regardin& among othet matters, the planned scope and timing of the audit and signilicant audit findinss. indudin8 any SilFICant defioenoes in internal control that we identify during our audit. Extent to which the audit was conSided capable of detectin8 irresularltle Includin8 fraud Owing to the inherent limitstions of an audi¢ there is an unavoidable risk that material misstatements in the financial statements may not be detected, evth though the audit i5 PToperly planned and perfonned in accordance with the ISAS (UK). identifying and assessing the risk of material misstaternent in respect of fraud, including irregularities and non-compliance with laws and re8ulations. our pr(Thlures included the following: We obtained an understandin8 of the lesal and regulatory requirements applicable to the company financial statements or that had a fundatnentsl effect on the companfs operations. We deterrnined that the m05t SIlfICant regulations induded UK GAAP, UK Companies Act 2006 and taxation laws. We understood how the company is complying with those legal and resulatory frameworks by making inqutries of management, those responsible for legal and compliance procedures We assessed the susceptibility of the cotnpanys finanaal statements to material mi55tatemenL including how fraud might r. Audit pr(Kedures perfonned by the engasement team included: Identifyin8 and assessing the desA8n effectiVaS of cffltrols management has in place to prevent and detect fraud: Understanding how the char8ed with governance considered and addressed the potential for overrise of controls or (her inappropriate infiUen over the financial Page 9
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE WYFOLD CHARrrABLE TRUST FOR THE YEAR ENDED 31 MARCH 2026 (CONT) ieporting pr(Kess. Detailed analysis of journals posted through the accounting 5y5tem during the year to 31 March 2026 has been undertaken: Understanding the controb in platr to prevent and detert fraud. Reliance was not placed on controls for the entirety of the audiL instead takin8 a subthntive testing approa however controb were in plaee to prevent fraud. and they appeared to be workin8 effectively* Challenging assumptions and Judgements made by management in its SIlfICant accounting estimates. Use 0£ our report This report is made solely to the charitys members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act21K)6. Our audit work has been undertaken so that we mi8ht state to the charitfs members those matters we arerequired to state to them in an auditorfs report and for no other purpose. To the Eullest extent pemitted by law, we do not accept or assume responsibxlity to anyone other than the diarity and the charitys manbers as a body, for audit worL for this reporL or for the opinion5 we have formed. Martin Howard (Senior Statutory Auditor) For and on behalf of HazlewTh)ds LLP, Statutory Auditor Windsor House Bayshill Road Cheltenham GL50 3AT Date: 61812026 Page 10
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARITABLE TRUST STATEMENf OF FINANCIAL ACllVIT]ES FOR THE YEAR ENDED 31 MARCH 2026 Expendable Unxestsict NOTE Endowment Total 2026 Total 2025 COME Gift of Shares 165,141 404,232 569,373 421418 421418 421418 422.418 TOTAL INCOME EXPENDITURE C(Ets ofgeneratin8 fund5 Charitable activities TOTAL EXPENDITURE 49.417 345,317 394.734 49A17 345,317 394,734 47,509 381093 429,fQ2 Gains on xnvestments Utvealised 340.014 340,014 88.095 ii,()yJ 26.841 NET INCOMFJIEXPENDITURE) 428,1? 27,684 55.793 iT7.ni Gakns on forweXdrt8e 172 172 1411 NET MOVEMENT IN FUNDS 428281 tL55.965 177,670 RECONCILIATION OF FUNDS Total fL¢nds brought forward IOJ89J14 67,4 10,456,784 10,279,114 BALANCE CARRIED FORWARD lo7595 95,154 10,911749 IOA56.784 CONTtNUING OPERATIONS: all of the charitys artivitie5 Telate to continuing operations. TOTAL RECOGNISED GAllqS AND LOSSES: the cFthrity has no recognised gains and losse5 other than those shown in the Statement of Financial Activities. Page 11
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARfrABLE TRUST BALANCE SHEET AS AT 31 MARCH 2026 NOTE 2026 2025 FIXED ASSETS Investments 10,817,595 10,817,595 10,389.314 10,389,314 CURRENT ASSETS Cash at Bank 117,924 117,924 89,305 LIABILITIES Creditors: amount falling due within one year io (UT70) (21,&35) NET CURRENT ASSErs 95,154 67,470 TOTAL ASSETS LESS LIABILITIES 10.911749 10.456.784 Representins: UNRESTRICTED FUNDS Expendable Endowment Income 10,817595 95,154 10.912,749 10,389,314 67,470 10,456.784 Thtse accounts have be prepared in accordance with the special provisions of Part 15 of the Companies Act 2tXKI relatin8 to small CQrnFwiies. Approved and authorised for i&sue Adam R Flemlng Trnstee Date: l ?-f C>U'aT 201 The Wyfold Charitable Trust Company Registered Number. (FI4(1 Charity Registered Number: 11574&3 Page12
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHAIUTABLE TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2026 Note 2026 2025 NET CASH ABSORBED BY OPERATING AcrMrIES (see below) (393.627) {4292211 Cash floTrY8 from investins activitie Dividends and iThtere5t from investments PrcKeeds from the sale of invesknents Purchase of investments Net cash provided by investing aLtivitie5 422,418 956.993 (929.998) 449,413 404,232 402,293 {472,8181 333,707 Change in cash and cash equivalents in period Cash and 4uivalents brought forward Cash and equivalents carried forward 55,787 115,482 171.269 (95,514) 210.996 115,482 RECONCILIATION OF NEfMOVEMENfIN FUNDS TO NET CASH FLOW FROM OPERATING ACttvrtlES Net movement in funds for the peri(hJ ended 31 Mah (as per the 5talement of Financial Activities pase 11) Adjustments for: 455,965 IT7,670 Dividends and interest from investments Realised Gain on the sale of investments Unrealtsed Gain in Tevaluing investments Increase in creditors (422,418) {88,(YJ5) (340.014) 935 {569,373) (26,841) (li,(V99) io Net cash absorbed by operatins artivities tsee above) (393.627) {429,221) Analysis of cash and cash eqvivalents Asat l April 2025 Asat Cash Flow 31 March 2026 Cash at Bank Cash held in investments 89,3115 26,177 115,482 28,619 27,168 55,787 117,924 53,345 171,269 Page13
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARfTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 I. ACCOUNfiNG POLICIES lal Basis of PTeparation The financial ststements have bea) prepared in accordanee with the Finaneial Reportin8 StandaTd applicable inthe UKand Republicof Ireland IFILS IIT2). TheChaTity isa public benefit entity for the purpose5 of FBS l(r2 and a registered charity established as a company limited by guarantee in the United Kingdom and therefore has also Prepared its financial statements in accordan with thestatement of Recommended Practice applicable tocharities preparing their accounts in accordance with the Firticial Reporting Standard applicable in the UK and Republic of Jreland (The FRS 102 Charities SORP). the Companies Act 2(K16 and Charities Act 2011. The accounts are prepared in sterlin& which is the fimctional Lvrrency of the Charity. and rounded to the nearest pound. (b) Going Concern The Tntstees consider that there are no material uncertainties about the Charitys ability to continue as a going concern. WRth respect to the next reporting period,31 March 2027, the m05t Significant areas of uncertainty that affect the carrying value of assets held by the Charity are the level of investrnent return and the perf0rrnar of investment markets (see the investment policy and perforniance and risk rnanasement sections of the TTUSteeg annual report for more InforntiOn). (c) Fund Structure Unrestricted Funds comprlse those fund5 which the Trustees are free to use in accordance with the thazitable objects. The Expendable Endowment Fund rePrets those assets which are held for the longer terni for the Charity. Income arising on the Expendable Endowment Fund can be used in the Unrestricted Income Fund. A5 the Expendable EndohThent Fund can be used in accordance with the objects of the Charity and is induded in the unrestricted income. capital can also be spent in certain Circumstan tn fulfilment of the Charity5 (kniectives. Any capital 8ains or 105ses arising on the investments held in the Expendable Endowrnent Fund forn) part of that Fund. Id) Income All income is recogni in the Statement of Financial Activities {SOFA) when the condition5 for receipt have been met and there is reasonable assurance of relPt. Where a daim foi repayment of income tax orwill be made suth income is grossed up for the tax rtroverable. The followins accounting poliots are applied to differait cate8ories of incorne: Pase 14
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 ICONT'DI I. ACCOUNTING POLICIES ICONT'D) InvestmeutIneome Investment income is acLx)unted for when receivable and is stated gross of any reclaimable taxation relief. lel Expenditure Liabilities are recognised as swn as there is a legal or constructive obligation committing the Charity to the expendIre. All expenditure is accounted for on an accruals basis and has been classified under headings that a8sre8ate all casts related to the cate80ry. The followins accounting policies are applied to the diffemt categories of expenditurf. Costs ofgenerAlingfvnds The costs of raisin8 funds consist of investtnent management and related costs. CharitableActivities Costs of dritable activities indude grants made and support and sovernance costs. Grants payable are recognised when they a approved by the Trustee5 and the recipient of the srant ha5 been infornied of the atnount to be paid. Support Gtsvernan Costs Support and governan costs comprise all costs involving the public accountability of the eharity and its compliance with regulation and 8(XKI practice. These costs include expenses related to ststutory audit fee& professional and l%al fees and support costs. lfj Fixed Asset tnvestments The Tn]stee5 believe that induding cash held wtth investEnent manasers within Fixed Asget Investments is a more acrate portrayal of how this cash is u*d. This cash is shown within Fixed A$5et Investments. InVestMts are stated at market value at the balance sheet date. The SOFA indudes the net gains and losses on revaluation and disposals throughwt the year (g) Foreign Curxenoe8 TransactiorLS in foreign currenoes are recwised at the rate of exchanse at the date of transaction. Monetary assets and Iiabilities are translated into sterling at the rate of exchanse on the balance sheet date. Exchan8e differeTW are reco8nised through the statemeni 0£ financial activities. th) Realised ond Unrealised Gains and 1th8e8 All gains and losses are taken to the SOFA as they arise. Realised gains and losses on investments are caleldated as all the differen between sales pr(Keeds and opening market value (purchase date if later). Unrealised sairLf and losses are calculated as the difference between the market value at the year end and opening market value (or purchase date if later). Page 15
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 MARCH 2026 (cor'D> l. AccouffflNG POLICIES (COTWD) li) CriticaI aecounting estimates and azeag of judsement In preparing financial statements. it is necew to make Certain adjusknents, estimates and assumptions that affect the amounts recognised in the financial ststements. In the view of the Trustees in applying the accountin8 polioÈs adopted. no iud8ements were wuired that have Significant effect on the amounts recognisd in the financial statements nor do any estimates or a$5umptions made w a significant risk of material adjustment in the next financial year. (j) Cash and cash equivalents Cash and cash equivalents include cash at banks and in hand and short teTrn deposits with maturity date of three months of le5& Ik) Financial Instruments The Charitys financial instruMts all qualify as basic in accordanLE with Section 11 Basie Financial tnstruments of FRS Iir2. Financial instruments are rec(Trgnised in the Trusys balance sheet when the Trust becomes party to the contractual provisions of the instnllnent. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the reco8nised amounts and there is an Inttion to settle on a net basis or to realise the asset and settle the liability simultaneously. I INFORMATION REGARDING TRUSTEES AND EMPLOYEES In the year ended 31 Marth 226, none of the TnteeS receRved any remuneration or had expenses reimbursed by the Charity {2025- none). The Trustees are considered to comprise the key rnanasement. 3. LIABILfTY OF MEMBERS The Wyfold Charitable Trust Is a charitable company limited by guarantee. Each member of the Charity undertakes to contrÈbute such an amount as may be required {not exceeding £10) to the Charitys asset5 rf it should be wound up whilst he/she is a member. 4. INCOME UnrestrArted Expendable Endowment 2026 2025 Gift from the Loder family 165,141 165.141 Unrestrirted Income 2026 2025 Income from Investh)ents Interest on cash dep051t5 421,752 423 421418 404.232 Pase 16
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHAIUTABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 (CONT) 5. COSTS OF GENERATING FUNDS 226 21r25 ]nvestsnent Manasement Fee Custody and Administration fe 39,011 10,4 49A17 37,312 10,197 47509 6. CHARITABLE ACTIvrriES The tharity undertwk no direct charitable activities but awarded grants to a number of institutions in furtherance of its charitable activities. These are as follows:_ lie) Fleming-wyfold Art Foundation Inndon Library Youn8 Epilepsy Anima15 Asia Christians Against Poverty Commonwealth GTave5 Foundation Cure Parkinson's Freshsight Limited Friends of Pembrokeshire Coast National Park Global WaEming Policy Foundation Grahamstown United Sthoo15 Trust Johannesburg Hol(Kaust and Gen(Kide tre (The) Julian Baring Scholarship Katds Home Nursing Kay Mason Foundation Maggie Ke5wick Jencks Cancer Carin8 Centres Trust Motor Neurone Disease Aswiation River Action St Paul's Knightsbridge All other donations below £lO.CKN) Total Grants for the year 25,(NYI 20,( 20,0(K) 15,0 io,otKJ io,( iO.(MK) iO,(MK) iO,(XK) iO,(KK) io,( iO,(KKJ io.tKK) iO,(KKJ iO,(XK) io, io,tXK) io,tMK) iO,tKK) 315,344 Page 17
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEwfs FOR THE YEAR ENDED 31 MARCH 2026 (CONfD) 7. ANALYSIS OF GRAwfs MADE The number of grdnts and amounts payable in the year were made for the h)Ilowing PUTposes:_ 21Y26 2025 2026 2025 The prevention of re]iefof p)vety The advancement of education The advancement of religion The advanLErnent of health or the saving of live The advancement of otizeDship or cOrllThty development The adYan£e of the arts. cultuN heritage or scien The advantrTnent of amateur sports The advanttment ofenvironmental proiection or impiovemÈnt The reliefof those in need by reoson of youth age, ill- health. disability, finan¢iai hardship or other disadvantage The advancement Ofanin welfa 12,5¢XI 79,5(J) 20.(KN) 86.0(X) li 57.5 23,0(K) 113,50CI loo 12 17 50,Otx) 50,OCH) 20,0(K) 45,tXK) 42,5(X) iO.(KN) 15,IKK) under sub-seLtion141 41 315,344 353,500 Support and GoverJ)ance costs (see note 8) 29.973 28,593 Charitable Activities 41 345.317 382,093 8. SUPPORT AND GOVEIINANCE COSTS 2026 2025 Auditof s remuneration IDAsbursements - current year - Disbursements Le8al atld Professional Bank Charges To Charitable Activities 327 21803 127 21,946 520 (28,5931 (29,9731 Pase 18
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 (CONTTJ) 9. FIXED ASSET IfivESThIENTS 2026 2025 Market value brought forward Acquisitions at cost Cift of Shares Less: d1sFsaI pr(Keed5 (realised capital cash) IOa&3,137 929.998 10,089,531 472,818 165,141 (402,293) 10225.197 26,841 I1,)9 10.363,137 26,177 10.389214 {956,994) IOJ36.141 88,095 340,014 10.7fA250 53.345 lo.81795 Realised gains on disposals Net gains on revaluation Cash for Investsnent Market value at 31 Marth Htst(Jrical cost ol 31 MArdt 10,(W162 9,926,537 Analysis of investments:_ Equities Propety funds Bonds AlteTnative Investments Cash in liquidity funds Cash held for reinvestment Market value at 31 March 7.451,948 1,076,386 1590,969 69,947 575,(KMJ 53,345 lo17595 7,468,146 804,287 1.596,939 168,765 325,(XJ) 26,IT7 IOa89.314 10.ANALYSIS OF LIABILfriES Creditors faIling due within one year 2026 2025 Accrua15 21,835 2135 22.770 Page 19
Docusign Envelope ID." F8F7462F-C063-8804-809MCE88B493D16 THE WYFOLD CHARtTABLE TRUST NOTES TO THE FINANCIAL STATEMEiwfs FOR THE YEAR ENDED 31 MARCH 2026 ICONT'DI 11.FUND ANALYSIS Expendable Endowment Unre5trÈcted tncome 2026 Investments Cash at Bank Creditor5 10.817595 10,817.595 117,924 {22,T/O 10.91l749 117.924 {22.770) 95.154 10.817595 Expendable Endowment Unrestricted Income 2025 Investments Cash at Bank Creditors 10.389314 10,389,314 89,305 {21,835) 10,456.784 89,305 (21.835) 67.470 10.389J14 12.RELATED PARTY TRANSAcfioNS Herniione K Goldsmith is an ambassador for Young Epilepsy to whom Srants totallins QO.(M)O were paid during the year (2025: aO,(XXJ). Pase 20