Comp3fbV re8lstratlon number 09098614 Chorfty re8lstrntion number- 1158505 The Emery WalkerTrust (Auimpany ￿mIted by8uaranteÈl Annual Reportand Flnanclal Ststomer fortheyear Ended 31 December 2025 The Emuy WalkerTrust Relerence and Pomlnlstrathe Detar 2to4 Independent Ex￿)In&S Rewyrt 5t06 Ststementof FIMnctalActhl 7t08 Balm￿Sheet NO￿tythe Alw￿11 Sl*ements IOto18 The Emery W¥*erTntst MrHG8ek Msc M Mcmthon Charfty Number. 1158505 Er*land and W31e5 7 HamMe￿n￿h Temte imdon IndependentEwnl flnandal statements ofthe charftable company for tr*￿r￿ded 31 December2025. ltrk*trustees •nd offlctts seThlr¢ thjrkrfthe￿¥•nd th•y•wend tAve as fallty￿. K Y 8ultl MsDCo DrCO•th Mr M K Donmmy Mr P A Etryes Mr S K PfGreenlry Mr M P Le¥y {r¥4￿d 13 ￿￿￿ 20251 MsTJWMd MrTC* Ms J Iwam l•ppoknt•d l Octobv 20251 Chilrmin.. Mr H G Bekty MsCMMcM* Tr* Em•ryWalk•rTntst The trustees Iwho I￿ the dSrerttys of The Emery Walktr Trust for the purposes of comp•ny l•wl Ire ponslble for preparfng the tWU5toes' rep(¥t aNJ the fin•l￿alsE￿em￿ In a£cordan¢• T*Ath appllcable law and Unlted Kingdom AccOwb￿￿ Stirthrds Iunlted ￿￿dorn GenernI￿ P￿ePted P*¢ounVn8 Pr4cU¢el. IndudSn8 FRS 102 Hnanclal Re￿￿￿¥Standard •pplluble In the UK and A•publk ol Ire￿ne. Company law r￿UlTe5 tht trustees towewre fln•ncM 5tatemMts fore•th fin•ndal year. Under company law th• tru5tee5 must not appro* the finand•l thtements urkn thty Wt S•llsfied th•t they 4fve a true •nd f•li ￿eW of thè stste of •ff•lrs olthe ch•rii•blec¢mp•ny •nd olthe KK4)mln8 re￿￿¢¢$ •nd •pp1k•t￿ of resour¢e4 In¢ludln8 Its lficome and expendlture. olth• tharltable ￿mpl￿ tr that ptrlod. In wep•fln6 these financl•l st•t•ments. th• trurteu •r• fequlr•d to: ' s•*t suitsble •cctyJndn8 pjlkles •nd •pply thwn t¢thslstentr, ¢)bwK the methods •nd prlnclples the Chlrlths SORP: m•kelUdqÈMer￿*nd U￿rnateS th•t are re4son•ble and state whether •pWIcab￿ lttountlni stanthrd5. FRS 102 hm bew folh7*e4 wbl•rt to Inv m•terl•l dyrturesdtsdosed •nd expwfied kn the Iln•rKl•l st•tements: irKI •paro th• fimndal statements on town It Is In￿￿r￿*t4 to pr•sumE thit th¥ ¢h*rbtablt company¥AII corrtlnut kn bU￿￿e￿. The truM••s •r• respon￿bkn for proper •ccounVN r•¢ords th•t can wlth r••s￿ble •ccurKy It •rty￿me the Iln•rKl•l pos1t1￿ ol the ¢h•rlr•ble c(rfDp•rry •nd en•bl• them to ensure th•t the fln•nd•l st•tements comply wlth the Comp•nles Ad 2006. Thry •re •lso respo￿l￿e for Mfequwdlw the •ssets of the ¢harltabl• comp•nyand h•nc•1Wt•W￿ Th•￿nable stw forthe pre4endon Inddetertkn offr•ud •nd othwlrre8ularftlek Tht trust••s •re r•wnslble lor the m•lntsn•n¢* •nd Inte81lty ofth• c¢wpor•M •nd fin•nd•l knfom•tlon Indud•d on thE £harttibl• tofflparfs webslte. prep•r•ibM Ind dlmemlnaiion of financl•l st8trments may dlffor from *W•tl¢n In otherfvrtsdkt50 The annu•l r•w< W•S•PWty•*d tyth• olth•d*iltyt)n 16June 2026 4ndsl￿d on Its by. 14lrHG Ch•lrmin The Emery WalkerTntst Afvll trustees report ts Included ¥Athkn tF*etln¥KIalxatem￿ IsAp￿r￿1K The belkny that the ch￿lty ha5 ath¥aMed arL des*n and the wbllds appredatlon of the Arts & trfts publlt. The trusthes confftm that they ¢￿￿ed with the rawkernEnts of Settl￿ 17 of the (tharltle5 Act 2011 to have reyrd to tr* wblk b￿eft8U1dor￿¢ pubhshed lrythe ch￿CoMm￿￿Tr for Erel•nd and Wales. The Emery WalkerTrusl Independent Examlner's Report to the tN$tees of The Emery W¥lkerTru* I'the Companv) I report ￿ the ¢h•rbty trustees on my examlnatlon of tr* accounts of the Company for the year erOed 31 December 2025. R*sponilbllhkn •nd bailiol MPDrt As the chadV5 trustees of the Company land atso its dlre¢tors for the Purpo￿ of company lawl you are re$pon$lble for the prepar￿0￿ of the accounts In •c¢ordanc• the requlr•ments of th• Companles Act 2006 l*he 2006 ACVI. Hw¥lng satthNed myself that the accounts of the Comp•ny or• not requlred to ￿lUd￿ed und•r Part 16 of the 2006 Act and •Te ellglble for Independent ￿MInatIon, I report In fèspect of my exarnlnatlon of your charlty5 accour*ts C4ry1ed out under sectlon 145 of the Charltles Art 2011 (the 2011 Actrl. In ￿rryIng out my eumln¥tk>n 1 fv4ve lollowed th• Dlre¢tlons ilven bythe Charlty Cornm1s51on under sectlon 14515llbl of the 2011 Act. I h•¥• compl•tod my •Mmlnitlon. I confftrm that no m•tt•rs h•vt ¢¢me to my 4tt•ntlon In connecllon wlth th• •x•MIn•￿on me c•ui• to b•ll•w: l. Kcountln4 r•corth w•r• not k•w In reyct of The Emery Walkar Trust •J requlred by sectlon 386 of th• 2006 ACL. tx 2. the accounts do not accord wlth those records: Or 3. the 8ttounts do not tomply wlth thè att¢untln8 reqUIren￿ts of ￿tEl0￿ 396 of the 2006 Act oth•r thin Inv qulrement that the •c£ounts 8fv• 1 'lru• •nd falr vlew, whlch Is not • matter corbsldered 05 of In Independent exarnln•tlon,' or 4. the accounts have not been prepored In •ccordincÈ wSth the methods Ind prlnclplei of the Stitèmtrt of Recommended Pr•rtlce for •ccountlnB •Thd rtport4n8 by charltl•$ lapplk•ble to ch•rftles prepèrlng thelr i￿O￿￿ts In ¥¢cord•nc• vAth the Fln•nthl Reportlw Standard •ppllc•bl• In th• UK Ind R•publk of Ireland IFR5 10211. I havè t)0 concems and hwe come acfOSS fio Other mattets In c¢)nnectloTr wlth the examlnaiFon to whl¢h •ttentlon should be drown In thSs report In order ioenable • proper understandlngof thè aCcOur￿ to be reached. Andrew Yites FCA GraysAc¢ountants Ltd Gray$Attount•nts Umlted Pay5 The Emery WalkerTrwi Independent Examlnees Rep￿ to thetrUSt￿ of The Emerywalker Tntst (lhe C4MipanV) O•te'. The Emery W•lker Trust Statement of Flnanclal Acilvltles forthe Year End￿ 31 D•tsmber 2025 (Includlng Income and ExpendttureAc¢ount and Statsment of Totsl Recognlsed Galns and losses) LlnrestrTded funds Total 2025 Intome•nd Enrtowmentsfrom: DOnatIor￿ and le8ati Othertrnthng adlwtles Inve￿ment Income 30.186 7,926 46,835 30.186 7,926 46,835 Total Income 84,947 84.947 EXpU￿liUrè on: Ratsln8 fvnds 159.8031 (S9￿03 Total expendlbj 159,8031 Net incomt 25.144 25,144 Net movement In fund5 25.144 25,144 ReconclllatloTr olfur Totsl funds bro¥htforw3rd 1.621763 L622,763 Totsl fundscarrled forward 16 1,647.907 Unrestwlthed fvnds 1.647.907 Totsl 2024 Note In¢•me arsd Endowmentsfrorn: lyonations and le8acles Other tradlngactl¥llles Investment Income 53,187 10,249 33,124 53.187 10,249 33,124 Total Income 965e Expendltureon: Raisin8 funds 186.2181 186.2181 Total eMpendlturÈ 186,2181 186.2181 Net IrKome 10.342 10,342 Net movtmtnt Infund$ 10.342 10,342 Rec4M￿lIatE0Th offvnth Totalfunds brouBhtforwafd 1.612,421 The notss an pages Ioto 18forni an Inte8ral part of thtsè finantial statements. Page 7 1.612A21 The Emery Walker Trnst stst¢ment of Flnanclal Acthiltles h)rthe Year Ended 31 December 2025 Ilncludlnz Income and Expendlturn Account and St4t•m•nt of Totsl R¢¢o8nl$ed G•ln$ and Losses) Unremrfrted fvnth Tol•l Totslfvnds carrted forward 16 16ZI,763 All of tht tharlty's iclmtles derf%* from contlnuln8 oper*tlon$durtn8the above two perlods. The funds brèakdown for 2024 Is shown In note 16. Th• notes on pa8eJ 10 to 18 fonn an lrteBral part of these financlal statemtnts. e8 The EmeryW*lkerTntst number. 09098614) Oalance Sheet as at 31 Decern￿r 2025 Heriwe assets L14Lml L141JXXJ stocks li L7( 3537 365.748 209.138 3A55 3365fA 184.053 Investsnents Cash at bartk and In har 13 14 527,476 173.1161 145,7131 48L763 1.647307 L622,763 Unrestrlcted fvnds 1.647.907 1.622.763 Totalfvr 15 L647307 L622.763 For the finarKlal year enthnu 31 DEcember 2025 the ch¥lty wa5 entided to ÉKemption from wjdit under sectlon 477 of the Companles*Lt 2006 rela￿n8 to smal (L￿panIe* Trustees responslbllltte5: The membets have not requlred the ￿m￿fi¥ to obtsin an •uth of Its actouftts for the year In q￿StIon In att0rdan￿T*hth se(t¥)n 476.. and . The thrertors a¢kn04vW8e thelr respor&blWe5 w4th the req￿￿eMeThts oftheActwlth re5pert to couniin8 records and the prwrafl(￿ of actOLthIt The finandal Statements on pay$ 7 to 18 •pytr￿d tr•Tthetnty and forlwe orb 26 June 2026 and slgned on thelrbehalf ty. MrHG Chalmmn The notes on 10 to 18ft1rn1 •n Intey4 partof thesefrf*rKSal statemEn The Emery Walker Trust Notes tothe FI￿nCIal Statements forthe Year Ended 31 DecembeT 2025 The ¢harlty Is Ilmknd by i￿rantee. Incorporated In Eniland •nd W¥1￿, 4nd consequently doe5 not have 5h•re capltal. Each of the tru5tee5 b5 Ilible to Contrfbure an amount notex¢eedln8 ÉNII towords the w55ets of the chaflty In the e¥erbt of Ilquldatlon. The address of Ils re815tered offlct li.. 7 H¥mmersmlth Terrnce London W69TS The* finincl•l st•iements were •uthorlsed forlssue by th• trusteog on 26 June 2026. 2 At¢ountln•polld 5ummiryof IT￿lIkant •¢wuntlni polltl•s •nd k¢y •C￿￿ntIr￿9￿IM1t The prlnclpal ztcount5n8 pollcles •ppNed In the prepirètlon of these flnancl•l ststemeThts •re Mt out below. These pollcle5 have been ¢on$lstently applled to Ill the years presented, unle$s otheThvlse ststed. stst•mont•ftompNan¢• The flnaTrdal ststement$ h•v• b••n prep•r•d In *cordin¢• kcountlw ar￿ Reportlni by Ch•rltl•s: St•tement of Recomrnended Practlce lappll£able to charltle5 prep•rfng thelr a¢counts In I¢￿rdance wlth the FlTh•n¢lal Reportln8 Standard ippllcable In the UK •nd Rtpubllc of Irel4nd IFRS 10211 Iluued In October 10191 ICh•rltles SORP IFRS 10211, the Flnanclal Rtportln8 St8nd•fd 8ppllc•ble In the UK •nd Republ1¢ ol Ireland IFR5 1021 •nd th• Comp¥nlu Art 1006. The Ernery W31ktr Tr￿t mttts the dtflnltlon of ¥ publlc bmeflt entlty under FAS 102. Assets and Ilabllltles are Inltlally recognlsed at hlstorlc81 cost or tr•nMctloTh valut unless Othe￿Ise stated In the rnlevant actountlnK pollty notes. Goln8 concem The trustees consld•r thAt there are no m•terl•l uncertalntles •bout th2 chwrfty's llblllty to contlnue as • ￿1n¥ con¢em norany s*nlllc8nt 8re85 of uncertalntyth•t4ff8Ct th•c•rrylngv•lue of held bythe charlty. Ex•mptlonfrom pr•p•rfnJa CBJh Ilow tt•tsm•nt Tht chafity Opted to early ¥dopt 8￿1￿11￿ I publMh•d on 2 F•bru•ry 2016 and h•ve tI￿el￿e not Included a c95h Ilow stBtemtnt In thes• Iln•nd•l si•tements. Pa8• 10 The WalkerTrust Plotes to the Anandal Stat•￿ forthe Year Ended 31 Decemkn 2025 Al Income b reco8nlsed On￿ the (huity has entitknKrt NK¢Jmt. It Is wobèble that the *Kome ¥thl be (oi%*d and the amount of the income fec•ir4ble ¢an be mtsi$w￿ reliabtr¥. All exP￿d￿re Is recognised orKe there 15 • lrfal ty ¢onstyuth oblyticm io thèt expendlture. It Is probable sethement ts requlred and the amount can be measured relkbty. All costs a￿ allocated to the awicable èxpendRure headlng that 4yeg3te simllar costs to that (3tegtyy. wI￿e tosts Cannot be dlrecdy attrfbuted to partlcular headln85 they have been allocated on a basis co￿k￿nt wfth the ￿ of Yes￿rte$, with central staff Costs allocated on the bas￿ of tlme spenL and deweciatlon ¢har8es allorated on the por￿￿ of the asseV$ use. T•Ma* The tharity is CO￿ldered to pa55 the te5t5set out in Partyaph I Sthedule 6 ofthe FinarKe kt 2010 ènd therefore It meets the dennltlon of a chèrit•ble ￿￿Park¥ fr* UK ¢￿p￿at1￿ puryKw5. Arcorfingly. the cha￿ty 1$ lalfy exempt from tsx7t•)n in respect of Inwme or Ca￿ts1 gains reterrtd wlthtn cate8wes ￿ered alapter 3 Part 11 ofthe GirFmti¢)n Tax Art 2010 orsetilon 356ofthe TaXatIL￿ of ChareeatAe Galns IYJI to the extentthat suth IncTh orgain5 ¥t ap￿led exdwvety to thaitable pwpose5. The property, 7 H￿merSMIth Te￿at* Tr15 was ¥ah*d tor probate at £1,4¢10,m) and depreclated 50 ￿aT5 a5 a Freehold PwDperty. H￿￿￿eT. the dedslon was tsken in 2010 to reclassfy the propthTr as a herltr8e a55et Thi5 wa5 due to the pmperty meetr* the definlrfon of the 2(KJS Charlile5 SORP fi beine a heriia8e ass¢ that 7 Hammer5mith Te￿ 15 of hlsttybl and art6tyc Importance and 15 held to advan¢e preseThatlon. cortservation and edu¢atitywl o*cb¥es of Tre Enxry Wakn T￿￿1 and. through publ a¢¢ess, contrtbutesto the nath)n.5cul￿rt and educatil￿. The asset was thus brought the Charfty re£ord5 the name of ts Tru5L whlth ts the comparf5 predecessor). èt11s net book value at l OctLthr 21119. ￿ wa5 and ts wnskned Imprxtlcal to appty conventional lua￿￿ltechthlq￿e$ tothe wopertydueto h5unknR nature.The •ssetts notdepredared. Thls poll¢¥and the assetvalue arfs0￿ has btth wniinued wkh thetran$fer0ftr*as*tfr￿ theTn*to the companyln January 2015. Other than ès set wt ats￿e. the Inalltnai4t and hthrk assets OF the Yn* hm not been c4rAtaM5ed or depre¢lated as rKJ ￿lIable¥al￿e ran be attributhd. Curront asset Induw atthelowerof (ost ntt ￿lI1$able ￿l￿e/m*ketyal P4e li The Enwy W•*erTntst Notes to the Hn•nclal Stateffl￿ lorthe year Ended JI 11¢￿Mb￿ 2025 Stock Is valutd •t the bwer of ¢ost arrfl emimated seMnK Prt￿ less fort5 to ujmpkte and sen. •fter due rea•rd lor obsolete and $knw stock& Cost ts drfernilned wlrqthe lIrt4￿ fftW5t-o￿ IFIFOI. Trad• d•bt• Trad* dtbtors •re •mounts du• from fw mvth•ndsewfd Dr￿￿(•5 p*f￿n￿d Irbthe ordln•rycoutse of buslness. Trade wlxd Intt￿lty at the trIr￿attl¢￿ pth. M*enily m•i*M•d •t •ffiortI￿d U51n8 th• tffecthe Interest method. kss Wry¥4slon lor Imp¥rrMnL A prty*151on for tht Impalrn*nt of trade debtors Is estsbllthed when thert Ls oblecth* f￿dence th•t the th¥lty not b• ab￿ ID coll•rt Ill •rnD￿bts du• Ic(ordln8 to thtorl8lnal terms of the rec¢l¥able5. h 4nd ¢uh qqulv•lm Cash and cash equhlents c•th onh•ThJ •nd cal •Nl+3ttw 4x)rt4¢nn trA¢htylSquSd In¥es¢m¢nts that are I••d1￿ConVertIbk to • knvwn •rnountofash •nd •re SW to an Inslylficant rfskof chrwe In value. VnrestTlrt*d Income funds pr￿1 fvnds th•t •rn Kdil•bl• for we •t the tru5t•es dlweyon fvrthtr•n(• ol the obhrths ofthe ¢hilty. T*1 lunth Don•tknns ifid Don•￿on$ Irom Indl¥klu•15 fjrnnty Includlng cl￿111 8rnnts.' Gr•ntsfrom other th•rltles 25,364 4A21 T•tsl for2025 30,ie6 30,186 T•141 lor2024 53,187 53,187 The Em•ry W•lkerTntst Notss tothe Hn•n¢l•l Stat¢ments lor the Year Ended 31 Dac•mber 2025 nds T{￿ Tradlni Inc) 527.476 145.7131 L14U 527.476 145.7131 rrent assets Current Ilabmmes L622.763 L622.76J There were no related partyti?fsx￿ In the v Page 18 NDIX A OF THE TEES, RE D ACCOUNTS THE EMERY WALKER TRUST Charity No. ll58505 Company No. 09098614 TRUSTEES, REPORT FOR THE PERIOD I" JANUARY 2025 TO 31" DECEMBER 2025 THE EMERY WALKER TRusr Tn￿t￿, Report for the period I" January to 31" Decenthet 2 REFERENCE AND ADMINISTRATIVE DETAILS The Emery Walket Ttust i% a tegisteted C1￿[sty (1158505) and charirgble company ]imtted by gwrantee {09098614). TnJ8tees/Ditectots as at 26" June 21)26 Hugh Bejsey MBE Chair Karen Butti Nominated by The Art-workets. Guild Di Cola Tim Cunliffe Dr C Daunt Max Donnelly P.Andrew Eytes. CGMA Simon KFf Greenley Joanna Ingram Elena Lewendon Tes59 Wild Nominated by the British Museum rice Chair. Nominated by the Ilictoria & Albert Museum Treasurer rice Chair Nominated by the Sociery for the Protecuon of Ancient Buildings Sectetary Kate M¢Mghon Staff Team Hclcn Elletson Taryn Power tKslcy H¢ndctson Research Curator Curator and Exhibiuons Officer House Manager Pmfrssional Advisers Banking CAF Bank Limite4l West Mall1￿ Kent ME19 ¥fA Legal Advisers Russell Cooke So]icitors, 2 Purney H]JL LA)lldo￿ SW15 6AB Investment Advisers J M Finn & Co.. London EC2R STA Independent Examinets and Accountan Gtays Accountants Ltd. Chatteted Accountants. Teddington TAYI I OQB Contact Detai 7 Hammetsmith Tettac< tA)ndon W6 9TS Telephone: 020 87414104 Websit¢: v3ww.emerywalket.org.uk The above deta￿5 Col￿t as at 26 June 2026 THE EMERY WkiKER TRUST Tn¥teu' Rewjtt for the petiod 1° January to 31° December 2025 Introductson The Trustees present their together with the financial statements of the Ttust for the fmancial year from 1st January to 31" December 2025. ITh doing 50. they have adoptcd the provisLOrts of the Charities SORP (FRS102). This ts the tenth Trusiees. Rq)ort and Annual Accounts foz The Emery Walker Tntst All its constitutcd fotm as a Company titnited by Guar2rttee. Following a decision in Novernber 2014 bv The Emery W21ker Ttt￿t Tn￿tee5. all the assets and liabilities transfetted to the new Emery Walker TDJsr charitable company from the fotmer The Emery Walker Tn￿t (Chwity Nutnbet 1080438) from 31st December 2014. B2ckground Sir Emery W91ker (1851-1933) wgs a pioneeting engraver. wintct and rype designer. A dose friend of William Morris. WAth whom he collaborated ar the Kelmscott Pre55, he w25 aLI important and influential member of the Arts & Cr4ft movernent. With T J Cobden-sanderson Sir Emery founded the Doves Press- one of the most important ptii*te presses of the period. He h'i'ed at No. 7 Hammersmith TeTrce for the ]ast 25 years of his ]if Sir Emery's daughter. Dorothy. coniinued to liye in the building #F￿r her fathegs death. She did nor alrcr in x material way either the intcrior decotation or the fifftiishings. In 1948, a young Dutch woman. Elizabeth dc H225. joined the howhold 3s fvliss Wa]ke£5 companion. Dorothy Walker died in 1963 and left the bu]k of her Esrate to Miss de Haa5. Hizabeth de Haas was deterniined to tetsin the house and its content5 unaltered gs a memoti#l to Sir Emery and his daughter and to the Arts & Crafrs movement. By and large she succeeded in her ambition although the bulk of Sir Emery'5 lÉbrary was sold io Chdtenham Borough Couniil in 1994 irA order to pTh)vide an endowment for the Hous¢ and its collectton The Importance of No. 7 H2mmetsmith Terrace lies in the fact that its decorntion and the conrents (the fitrniture. pictt￿eS, sculpmtcs 2nd textile5) wete put together by Sir Ernet￿ Walker and reflect both his taste and th2t of his colleagues IA the Arts & Crafts Moitement and that ir has remained I￿￿￿lY unaltered since the 1920s. unlike many of die other house5 in Britain associated with the arristic and creative life of that period. Conststyti￿ Trnstee8/Directo The Ernery Walker Ttust is a registered dwiry (1158505) Set up by the ]ate Miss Elizabeth de Haa5. bliss de Haas died on IP Junc 1999. She Iwueathed to the Trust the greater part of her estate, induding the freehold of No. 7 Hgmmersmith Tertace and the a550ciated collection of textiles. paintings. dtawings. fiunin￿c. books and other objects associated with Sir Emery Wa]ker and the Arts & Crafts movemenL The Tnjst was onwally conSti￿ted by 2 Trust Deed and was enteied upon the Central Ryter of Chatities on 26th Aptil 2{￿ (chatiti. number 1080438). The ch￿lty was re-re8iSter¢d with the Chariry Cotnmtssion on incorporaiion as a chatiuble cornpany as The Emcry W8]ket Trust (chatiry number 1158505) on P kpternber 2014. The TtWE Deed provides fot a minimtlln of three Tntstees: but no maximum number. As set out in the Articles of Association. six Tn￿ree5 may be nominatd from natned norninating bodies. a5 follows" The Arrworkers Guil4The Society for the Protection of Ancient Buildings. The Victoria & Albert Musew The Victorian Sociery. The Sociery of Anuquaties of Liyndon and The British MuseunL An indtvidual $0 nominated is a Trusttt in her/his own llghr, she/he is not a representative of the nominating body. THE EMERY WALKER TRUST Tn￿tee8, Report for the period I" January to 31" Decembet 2025 Tn￿tee5 who served as Directots during the petiod from I" January to 31" December 2025 were. Hugh Beisey. MBE Karen Butti Di Cola. Tim Cun]iffe Dt Cathetxne Daunt Max Donnelly P. Ilndrew Eyre5, CGMA Simon Kiyf Greenley Joanna Ingtam Martin Le Ele￿ Lewendon Tessa Wi]d Chair Nominated b), The Art-Wotker4' Guild Nominated by the Briush Museum Vice Chair. nominated by the V&A Treasurer Nominated by the Society of ilntiquaties Vice Chair Nominated by the Society for the Protection of Ancient Buildings Chair of the Emery Wall(er Ttust Trustee8 Hugh Belsey. MBE has been Chailperson since Novembet 2020. New Ttustees When a nominated trustee retires from the tn￿tee body) trustLes reipieiv the skills. knowledge and experience repre5entcd within theit number and. Ivhere a gap is idenufied, the twsrees iniryte the nominating bod}, to propose an indÉvidual with the appropriate skills. knoivledge or experience. From time ro tirne, the trustee5 CW out similar reviews where appropriat< recruit an appropriate individual as an addirional trustee either from Pl￿Onal knowledge, or by using the setvices of one of the not-for-profit organisations that assist ch￿itIeS with twstee recnjitmcnt or b} advcrtisement. New trusrees are made aivare of the hisror)" of the TNst. its activities and their $ponsibilities as chariry tmsttes b}, the Chair and the Curator. They receive a copy of the Ttusrf5 most recertt Annual Report and Financial Ststements as iveiR as printed matdial about the Trust. Sit Emery Wglket 2nd his worK No. 7 Hammetsmith Terrace and the collection. During 2025 one neiv Trustees was appointed. Joanna Ingrnm. In 2025 one Trustees resjgne Marlin representing thc Socicty of Antiquaries. Thc Ta￿t¢￿S at¢ ¢xtr¢mdy grateful fol Martins, expert contsibution to Ewf as ttustee since 2021. THE EMERY WALKER TRUST Ttustee8' Rewrt for the Ebttiod l- January to 31" Decenther 2025 Duting 2025 the trusree5 tnet a5 Directott forndly on five (Ko&sions. These meetings are also ttended by a representatii'e of the volunteets. the Cutstots. and the Housc Manag￿. In additio the trustees rneei alone when it is appropriate so to do. Since 2011 Kate Mcmahofy a i'olunreer. h25 acted as Company Secrerary 2nd minuted the trusttt tnttiings. The rtwstee5 are indebted to her for the prornpL t3Ctful and cffiaent way in which sh¢ recor& their proceedings. Kate a]so ensures that the TTh￿t's recot& are maintsined at Cotnpanie5 HO￿8¢ and at the Chariry Cornmis5ion. Individual trustees visit the House or uKet with the House Manaw* the Curators and the volurtteeTh on o regulat basis in connection with the managcment of th¢ chariry. the con5¢Thration and disp]ay of the collection and the VAsiior programme. Management Cur*torial stafETeporE direcd}' to the Trustees through the Chair• repotting of opetstional matters is d￿¢￿tea to the Vice£hairs. Helen Euetson And T•ryn Power undertAke complementar), uratotiai duties with Helen focusing on rcse4Tch Taryn on curatotial admxntstration. Taryn joined in Novcmbet 2024. teplacingmallory Horri]L who was Curator uniil September 2024. The House Manager. I£sley Hende￿on was appointed in February 2024. replacing Ashley Weaver-PauL and is man2ged by the Cutator and Exhibitions Officer. A wide trdnge of decisions about the dAy-t￿Y management of the Hous4 the collection and the visitor arrangements have been delegated ro the st2ff and the iFolunteer tcanL The Ttusttes keep a close oi'ryht of the cap*ciry requtred to support the work of the T￿￿t and in recent ycats have tesourced increased capaciry to address both underlying and one-off requirements. Additional support has also been appointed to undertake specific tasks and assignments over recent yeats. mostly tdating to the Arts awd Crfts Htunmersrniib project in parthership ivith the WxlLi4tn Mottis Sociery. lJJcinda MacPherson has wntinued to be contracted to pmvide valued communications and m8tketing support for Ewf for one day a month since 2018. Penny hlcmahon fornietly of the Willima Morris Society Ptovides wdyroll support to Ewr The tntytees are indebted to He]effj Taryo 1£51ey? Mallory, Ashlvi. Penn). and lJJcinda for their commitment to the work of the Trust and for the skills they bring to succe5sfi￿). raking forward the orgatiisauons. ambitions and in meeang its trsponsibijities. These roles are supported by a wide group of volunteets who assist in the we. Inte￿retation and display of the House and its co]lecllon 2nd more gener*lly in 5UPPOrt of the everyday activities of the Ttusi. Ourvolunteers are an essential IIW valued part of the Eivr team 2nd theTrustees would like to exptess their on80ing thanks to all those who have worked on the Tntses behalf. and who give up their lime willjngly to support the SUCC￿$fill n)nning of the T￿st The Tn￿t is conscious that they need to sustain the rectuitrnent of volunteers and train them for their tole as house guides and Stewards. TnL5rees are debghted that in the last two year5 we have Successfi￿}, recNited a number of new i'olunteers and we continue to promore volunteer opporllmities at the Ttust. As at the end of December 2025 we h&d in total 37 volunteers acting 05 guide5 Ot undettakttw othet key roles in support of the Trust. THE EMERY WALKER TRU Ttustees, Report for the period I" January 10 31" Ikcembcr 2025 Public Benefit The ttwtees coThfimi that they hve complied with the duty in section 17 of the Charities Act 2011 to have due rewd tt) the Chatity Comrnission's genergl guidance on public benefit. They believe that they hive *dvanced art. design and the public's appreciauon of the Art5 & Craf(s hlovement by conserving 7 Hammettmith Tetrace and its contents and by di5piaying and interpteting them to the public. Objectives and Activitie8 Objects & Policy The obj¢ccs of the Truit Are"th¢ •dvAn¢ement of the educgoon of the public in crgfts, design 4nd Archi¢ecrure in particular by: (a) promoting public interest in the Study and Ipprttiation of (l) Artists. craftsmen, designet5 and architects of the ninetttnth artd ￿￿Y pwentieth centuries and their works and (2) the Arts and Crafrs Movemen( and (b) acquiring and thereafter conserving mAint*ining and displa}iing for the benefit of the public 7 HAmMe￿Mith Tenacc and its contents and any other propettj, associatcd with or produced by Sit Emtry Walker or any othcr membets of the Arts aff￿ Crafts Movement." Dwxng her lifetim¢. Elizabeth de Hus expressed the wish rhrdt the tnwtees should catty out its objects by allowin8 the public to visit No. 7 H#mm¢tsmith Terrace on * tegLd#r b#sis. After het deAth. the trustces reviewed this wish in the Wir of a spccialist report on the fabric artd serviccs of the building and concluded that their priorioc5 wcie, ￿￿5[, to sAfcguard the bui]ding And the contents: second, to record and conseThe (so Ear as possible) the contents; and, third. to show the houje its contents to schobts #nd othets with 4n interesr in the Arts And Crafts Movement. Achievements On tAking possession of No. 7 Hammersmith TctrAc< the ttustees. immediate concern was the onditson of the building and irs services. A survey was commission¢d from con8etYAtion architects who reported that the fabric was in sound sttuctural condition given its age and construction. However, they were concerned about the safery of the electticAI wiring and the plumbing. both of which were generally in a poor condition. After con$ulting # rangc of o￿nISationS and individu￿$ (mcluding the Nation￿ Twsr. English HeritAge and the Srxiety of Antiquaties of tx)ndon). the trustee5 decided on the following coutse; To Secure thc fabric of the building by catrying out some minor repairs. by renewing the decttieal wLtin8 and by rernoving All the plumbing alx)ve the ground floor. To put the basement fiat inro good 0￿er and to let the sarne: To conseNe the contents of the house. and to pur in hand a programme to tccord, catalogue and describe th¢m with a view to publication both oo paper and elecrronicallyg To admit 8 sm411 nurnber of visitors having a patticukn interest in the house, its decoratiort, the contents. its occupants md the Arrs & Crnfts mffiTemenL THE EMERY WAIKER TRusr Trnstees, Report for the petiod 1° January to 31" Decembet 2025 Duting the past two Iktades. the t￿￿￿¢S completed the first three objectives and the foutth is patt of theit ongoing programme of activities. The Trust subsquendy devdoped the Arts 2nd Crnfts Hammetsrnith Pn>grAmme to address major improvernents to thc fabtic of the house and ro fithet develop the actiYAtics of the Trus4 as set out below. In 2013 the Tn2st was Successful. in parmership with the WiI]iam MO￿15 Society (WMS). securing a H¢rits8e Lottery Fund (HLF) Development Grant for a proposed capital and O¢tivity- based project, 'Arts & Crgfts Hammersmith.. developing the legacv of William Morris and Emery WAlker'. In Dcccmber 2014 the tru$tees were delwited that the application received formal pproval by the HLF who agrccd to fund in fiju the grant request of £631,100 with an cxpc¢tstion of matched resouwes from the two p4rn]ers of £250K plus in-kmd support from voluntccr time. The partners successfully sccured resources to meet this march ￿nIthn8 requiremenr through fundraising. The planned works xt 7 Hammersmith Terrace were undertaken duan8 2016 and successfL￿Y completed in Spiing 2017. The House was closed to visitors throughour 2016 and following completion of the buiJ(bng works was reopened to the vi¥iiing publi¢ on 20th Apnj 2017. The reopening was mAtked by a range of evenrs Eor local residents. Ipolunteers and for the press. The House teceived fAvourAble publicity with the te-opening And we continue to Seek ¢0 $ustain in¢¢r¢$t in the WOEk of the I'rusr and en￿ visitOZS. The period from 2015 and 2016 also saw the major pro¢es$ of listin8. boxin8 and conseryation of the paper-ba$ed archiipes within the house (around 5.iKM) separate items) by a small team of volunteets and an archivist fundcd thro¥h the A Tts & CrAfrs Hammersmith Pro8tgmme. This Also supported the found#tions for the d￿ltISing of mateiial$ dutin8 2015 and 2016 in ordtt to enable fututc online access of the archives. The Archive WAS trAnsferred to the Victoti# and Albert Museum in 2017 2nd is now aVAilable to the public to consult. In 2020 the Trnsr h*d ro flexibly ad*pt to ttflect the impact OF the coronavirus pandemic and the need to take acuon to ensute our visitors. our volunteers and out $t4ff #re kept $•fe in line ivith n4ti0llAI requirements. but still Able to promote the work of the Trust. The House was closed to visitors frorn Maffh 2020 irt order to ptotect out volunteer guide5 and visitors And EO 5UPPOrt the containment of the viws as lockdown arrangements were implemenred Across the UK. From June 2020 we launched a range of successfid online virtu41 events. We were also grAteful to have secured some financial 5upporr that 455istrd in our financial standll￿ through the pandemic. The House reopened to visitorn in May 2021. with health and s*fcry ptocedtttes in place as per the government guidelines, Albeit with reduced numbets of vi51tOT5 for each tour. Visitor numbers during the 2021 season wett positive with 526 visitoTr and we have in¢r¢x5ed the number of vi5itots in ￿ch $eason since then whi15t still retaining a $4fe environment Eot visitots. $¢ewgrds #nd guides. THE EMERY WALKER TRU Trn8tee8' Rep)rt for the period I" Jaouary to 31" December 21125 Activitie$ in 2025 2025 has becTh another successful and busy yeat fot the Tn￿¢. We again increased our visitot numbers and in total we received 1.323 ViSAtors (2024 122D. close to maximum capacity. Thts is only made p055ible by the hard WOEk and dedication of the volunreers, Aciin8 ￿ 8wdL¥ and in other roles. The trusree5 are very grnttfi￿ to all those 8wdes and volLmtttrs who give most Bcn¢rously of their time and encw ro show the house. The i'(>luntcer t¢gm hAve also continued to undertake regu]ar work on maintaining the garden and improving the planiing schcmes as an important element of the House experience. The ttwtees would likc to record their ongoing thAnks to all of our volunteers. ￿￿deS and Stewards. The TDJSt continued its online progrnmme of both on-line talks and fare-tL>facc cvcnr5. Duting 2025 the Trust rnn online talks. with topics including . Willwm Mon7S dHdtbt Rem￿/¢IGnal and Ijmkn. events. walkmg tours and special house tours. We ran four $p¢cial evening candle]it and four $p¢¢ial tcxiilc tour5 *t the House. In total we had over 85 affend¢¢$ and raised ovet £1.852. We are gratefvl ro those inthiTidua]s offcring up thtit iimc and knowledge to present at these and ro those joining ro leArn mi>rL.. Our curators h#ve continued to contribute tt) external illustrnted lectures, events and publications further promotin8 the work of the Trust We hai'e maintain¢d our Friends Scheme, hunched in December 2021, which for A $mAII annual fcc Friends of Eivf receive a re8ular ftewsktrer ind access to special ¢veAt8 and visi¢$. During 2025 we artr4c¢ed 25 fiicnds this temains under review. Wc have continued to AClll'el}' raise awArencss of the Hous¢ and th¢ wotk of the Trust with the local communiry and through the wider media. including vil our El¥ry website and s(Kial m¢di#. platforms. The House and the Trust's activiu￿ coniinue to fea￿[C Art widespread mcdia coverage helping to promote intettst IA the House and the wnrk of th¢ Trust th8nk3 to the Bre#¢ work by Lucinda MAcPherson. The Hou5c carne third in a Jisr of the UK'S top hidden gem of histotic houses and in 2025 we conrinued ro receive significant press publicity from the promotion of the Sanderson Emcr), WAlkers House tan8e. In 2020 we underrook works to creAte a puEpose-built exhibiuon SPAce in order to cxpand out public offering and ￿rther our dAsp]ay capabiliry. In each year sincc have held bespoke exhibitions and in 2025 we showcased H¢rMrt. IVom¢n iw i&..lrts#•dCwftsMowxnl. In 2026 our exhibition will focus on Fm¢J' IV4l*¢r, Pem•w. In XJ?5 we commissioned bespoke lecrem 10 dhspl*y the Doves Pres5 Biblc wffhin our exhibiiion 5PX Conservation wodt tn 2025 wncenttated on irnptoving our standards of preventative onseryation through updating our12yered ¢l¢Aning plan and improving our IPM. Wc have also worked on updaiing condiuon repotts. be81nn￿ with woodcn furniture and books, to enable u3 to better respond to condition chgn8e5 4nd consetvrdtion needs. Finally. we have undertaken some remedial c0ft5erY8uon on particulatly vulnernble objectr. fot example the lock of W￿L2M Nlortis. hair on disp]ay was stabilized and given a new coiFer of clear plastic to preirent ￿rther damage. We have 9150 continued work to invest in kei* maintenance requirements of the House and its garden. A report on the pr￿.entative maintenance needs of the House has beeft drnwn up which has inforned our plans for sustaining the qua]ity and fabrAC of the House into the fututL THE EMERY WALKER TRUST Tn￿tee8, Report for the period I" January to 31" Decembet 2025 2025 Financial Revtew Duting 2025 Ewf incurred an overall net 5ULplus for the year of £25,144 (2024: £10,342 sutplus). This included a net investment portfolio wn, including unteajised gains and losse5 when adjusted to market valuc a5 at 31" December 2025, oE£23.753 (2024: £9.400 gain). As such the Ttust's underlying resulc for the ye2r wa5 an operating surplu8 of £lJ91 (2024.. £942 surplus). The total incoming resources OE the Trust over the poiod. exduding the investment portfolio gain/loss. totaled £61.194 (2024.. £87.160). The net resources expended duting the period amounted ro £59,803 (2024: £86.218). The investment portfolio is ¢anied in the accounts at market voluation and movement in value of stock held throughout the period is accounted fot as an unrealtsed gain or105s. Investments perfonned broadly in line with the performance of the UK Stock markets. but it should be noted that the m?tkets have continued to be volatile in 2025 and whilst our portfolio managets will $eek to mitt￿te the tisks it should be borne in mind th#t the ycar-end valuation 15 rnerely a'snapshorf. The value of the investment porrfolio as xt Decernbct 2025 was £365.748 (December 2024 £336.508. December 2023 £319210. D¢eember 2022: £318J28). We have cortsistendy benefitted from annual rcvcnue in dividends to support the Tn￿t'S operdting income of the Trust. Related Party Transactions Details of related party transactions (nil) are included at Note 18 to the Annual Accounts Investment policy There are no Icsuictions on the tDJstees' power to invest save thos¢ in charity law. The TtU5ts irtvesrment pottfolio is managed b), brokers JM Finn on 8 discretionary Ma￿seMent basis. Th¢ TDJStees have reviewed dwing 2025 the Trnsts investsnent strategy. Ivhich is to seek a combined rerum from income and capital and adopted a low-medium Dsk profile with of investments in low risk investtnents. The Twstees have agtted to use the FfsE All Share Index as an appropriate benchmatk of investsnent perfornwice. Re8eNes policy By far the greater patt of the Trust's ￿ServeS unresttiCt¢d and the use of the funds representin8 them AS at the disctetion of the trustees acting within the tern￿ of the chatity's governing document. The tNsrees ma), deswiate All or part of the untestticted teseThTes for specific putposes. The trustees rriew the level of tesetves at each meeting and 2$ P2rt of the regu]ar p12nnin8 process. Ttustees have recognised that the ptogrdmme of activiues and the associated reduction in income over the period of the Arts & Crafts H#mrnersmith Project meant thAt the expendiNre of the Ttust would exceed its income and may reduce the reselves over 2016 atid 2017. Additional activities to secutt additional Eundraising? initially to address HLF match funds and subsequendy to fund specific named ptojects and maintain the TtU5ts EM￿claI tesetves. remain an important element of the Trusts business planning. Managing Risks The Truste￿, led by the Chaitp¢rson, iegu]arly examine the Major sttategic, business artd opetational tisks which the Trust fAces and the ttU5tces ensute that apptoptiAte systems are in place oi are planned to mttigate these risks. THE EMERY WALKER TRUST Trnstees, Report fot the perAod I" January 10 31" December 2025 Looking to the Future The Arts & Crafts Hammersmith Ptogramme gAve the"I'rus¢ a unique and exciting opportuniry to Secure th¢ fabric of the house. adopt o more durnble •nd consisrent approach towards the conservation of collections and archives. extend access via di￿val #nd oniinc means and to broaden the activities oEthe Ttust to a wider audience. Since then. in common with All other museums and art5 Otgani50tions across the country, has had to grapple with the challenges thar the coronavirus PAndemic presenred. We will continuc to louk aheAd to how the public can continue to safely access 7 Hammer5mith Terrace and in a way that retains a POSiUve and 4uthenti¢ expcri¢nce. The cxhibition space which opened in Au8USt 2021 Allows u8 to keep our visitor expellence fresh and neiv. In recent yeats ive have also undertaken a range of innoirative virru41 initiatives with volunteets And partners to promote the wotk of the Ttust and kcep 7 Hammersmith Terrace IA the public Lye. Our leatning And experience in thAs area has ILft us with an Appetite to explote further our virtual and other accessible offerings. Tn 2023 1.'wr was aW¥Lrded a grant from the Albert Dow$on Trust for the research cutator to write o book on the life of EmLry WAlker, which will be published in 2026. In 2021 Twstee$ d¢v¢loped * refreshed Five Yeat Bu$ine$3 Plan which ptovidcs a strate￿¢ framework for the work of the "L'rust from 2021 to 2026. Within this the Trustee8 Adopted the following vision $r4temeAt; '"ropttsent I1Ndpro1￿1 Fmery Iyalker's boiise a¢ 7 Hamrnerimiilj T¢ffu¢¥ as Ilje besl ¢.1￿mple oJaii arti domesli¢' iii/tnoriK -fo ¢viisenr aNdiw/•@rri IIK ljonse, ils ¢vIl¢clio￿ 4Jidils iiiriqiie riwryid¢ £ardeii lo jwd¢r4￿Ano￿ diLYrst ulldieiiLYi loJoslerdgna18rdPP￿I1￿I1DiI o[IlJe dwdlmfis #￿￿￿tIll., Tn ordcr to deliver this vision the Business Plan identifie8 six $¢rAtegic objectives: 1, To pteserye gnd miintain Emery WAlkees House f4t 7 Hammetsmith Terracc And its rivLrside garden in primc condition 2. To con¥etve, rnaint8in 8nd dci'clop th¢ contents and collections held At 7 HAmmersmith Terrace in ptime condition 3. To provide access to 7 Hammet8mith Tertoce to the ividest possible audience, including developing 'n¢w audien¢¢s' 4. To proitide visitots with a memorable and insightful Lxperlence 5. To promote public understanding of the legacy of EmL4' Walker, his associates and the vider Art5 and Crafts Movement 6. To ensure the component parts of the TDJst providc an appropriate organisational frnmeivork to managc the legacy of Emery Walker T￿Stee$ ovetsee a pro¢ess of annuAI planning to ensurc that the TtU3t rem#in$ focused on delivering these objeetives. The PI¥Ln also set out our financial frameivork and idcntifLes the approach to secuIing resources to address our objecuves. Ir scts out prospects of diversifying the Trnsi's income parti¢ulorly through a commercial 5ponsor4hip agreement and increasing in¢ome from other activities. Durtng 2025 Trnstees commencLd the ptocess of again refteshing the Trust's Strategic Business P]an in advance of its implementation from 2026. THE EMERY WALKER TRU T￿￿(¢¢8, Report for the period I" January 10 31" Ikccmber 2025 io In 2022 we coll*bot#ted with Sandetson De5i8n Group's br￿d Mo￿lS & Co. in launchmg the Emery Wklkerfs House collection. The collection Ind￿t$ ten designsj both wallpaper and rexiiles that both featute in and were inspired by the House's interiots. These ptoducts are available for sale through Sanderson and thcit partners and th¢ TTh￿t has bertefirted in lirte with the ogteemenL The collaboration has resulted in Increased visits to the house #nd #n increased public awareness of Emery Walket and our site. In undertak￿g this pgmietsh4) atrdngement the Ttust uPda￿d our logo desyl and h95 registered Eivf trAdem2rks Over 2025 the TnL5t has conttnucd its extensive pteparnti0ft5 for acllleving Arts Councxl Museum Accreditation. This 15 the industry standard for museums and galleries to ensure they effectively tun gnd manage their collections And with usu5 so that people cm access and benefit from collections and that the). are protected for ￿tUre generations. Our 9im is ro ensLwe the Trust remains best fitted 10 continue its work of ptesenqng gnd maintsining thts most rcmarkable house and its contents and to enable ongoing acce55 ro thc public. Thanks to all the hard work from the curatorial team we aim to submit our app]ication for accreditation to the Att5 Counal during 2026. Despite the successes we have had in raising funds and managing our resources the Trustees are awgte that the long-tetm sustainabiliry of the house and contents requites con5tsnt atteEition. It remai￿ clear that * small and fragde house such 95 thi8. whet¢ iTiSitor numbets and associated income can never be too subsr2ntsaL can only 5uNive and remxin publtcly accessible by sccwing new and additional fimd_raising oppotruniiies in order to addrcs5 preventative and ¢55ential maintenance for the building• Out consetyation prioriries and on occasion to add to the collection. Our ￿ndraISing focus in 2026 will be rdising fimds for essential and planned maintenance works. Ttustees, tespotssil)Alities frtrr the Finaoci21 Statements The ttustecs (who are also direcroTh of The Emery WalkttTtust for the purposes of compan} law) ate resEx)nsible for pzeparing the Tn￿t£es. Repott and the financial statements in *ccord*nce with applic2blc law 2nd Financial Reporang Standards xppliabk in thc iiK and Repubh"c of Ireiand. CornF4ny required trustees ro prepare financial stxtett￿nts for ￿ch financial year which give x ttve and fyir view of the state of the iffairs of the charitable company and of the incoming/out8oing re50Utces and application of resource5. including the tneorne and expenditur4 of the charitabk company for that p¢ri(Kl. In preparing these financial srattments, the th￿ree5 3re tquired ro; select sutrabk accounting policie5 and then apply them consistendy. obserye the methods and piin¢iples in the Charities SORP (FRS 102); make judgements and esiimares that are reasonable and ptuden¢ stAte whether applicable Financia] Reporong Standard5 hai'e bcen followe4 subject to ny matetJ21 departures disdosed 2nd exp]ained in the fu￿1claI statements. prepare the financlal statements on the gomg concern basis unless it is inappropriate to presume that the charit%bk comP￿Y will continue in business.. THE EMERY WALKER TRusr Tntstees, Report for the period 1° January to 31" December 2025 The Trustees are responsible for keeping proper accotmting reco￿ that disclose with reasonable accuracy at any time the financial Position of the tharitsble conipany and enable them to ensure th#¢ thc fin#ncial stAternents compl), with the Companies Act ?(M)G. They are also responsibk for Safeguard￿ the assets of the dwitabk comFAny and hence for taking reasonable steps for the prcvention and detection of fixud and other Wriiie5. GT8yS Accowitants Ltd. Chatteted Accountants. Kings R(M(L"I'ed(lington, TWII OQB have been the Ttuses independent examiners since 2013. Approved by the Tntytees 26" June 21J26 and signed on theit behalf by HIWI Be]8ey, Chairy)ersoo and Tn￿te¢.