2023-06-30-accounts - Churchill Lines Foundation

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Trustees’ Annual Report for the period

From: 01 July 2022 (Period start date) To: 30 June 2023 (Period end date)

Charity name: Churchill Lines Foundation (CLF)

Charity registration number: 1158677

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of the Charitable Fund are: a. To provide welfare support to all serving members of CLs and their dependants. b. To relieve present and past members of the CLs, and their dependants, who are in conditions of need, hardship, or distress (hereinafter referred to as beneficiaries). c. In furtherance of the foregoing objects but not further or otherwise, the Charitable Fund shall have the following powers: (1) To take all necessary action for publicising and disseminating information concerning the histories, deeds and traditions of the CLs. (2) To execute and administer exclusively charitable trusts. (3) To receive, take and accept any gifts of property whether subject to any special trusts or not. (4) To receive and accept contributions by way of subscriptions, donations and otherwise and to raise funds for the said objects provided that the Charitable Fund shall not undertake any permanent trading activities in raising funds for its charitable objects. (5) To assist beneficiaries by way of grants, gifts, or otherwise by handling or paying for items, services

		or facilities calculated to reduce the need, hardship or distress of beneficiaries. (6) To pay for such items, services or facilities by way of donations or subscriptions to charitable institutions or organisations which or facilities for beneficiaries. (7) Subject to such consents as may from time to time be required by law, to purchase, take, lease or exchange any property required for the purposes of the Association and lease, exchange or otherwise dispose of the same. (8) Subject to such consents as may from time to time be required by law, to borrow to raise money for the purposes of the Association on such terms and such security as may be thought fit. (9) To invest and accumulate funds of the Association in such investments and for such periods as may from time to time be authorised by law. (10) To do all such other things as shall further the said objects.
Summary of the main activities in relation to those purposes for the public benefit, in particular the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	1. Fundraising aims were to raise up to £100,000 in order for CLF to commit to its charitable activities, this settled at c £60,000 of both income and expenditure and this was a good level of income to meet all of the charity activities. This was achieved through private donations. 2. The generated funds were used for:  Small scale, high impact projects, including: ○ Hardship loans for members, assessed by the CLs padre. ○ Support to members of CLs and their families due to separation. ○ Improving the lived experience in CLs.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees of the CLF have had regard to the guidance issued by the Charity Commission.

Additional information (optional) You may choose to include further statements where relevant about: SORP reference

Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	CLF has made a significant contribution to the lives of its beneficiaries. Examples of some of the main achievements of the charity include:  The provision of financial assistance to individuals within the Unit through grants to off-set the cost of travel, welfare support and other items where other service funds are not applicable.  The provision of accommodation and transport for bereaved families to attend remembrance events.  Transport and accommodation for veterans to visit key unit events on a welfare basis, so as not to exclude injured personnel.  The provision of professional development opportunities in the form of speakers and presentations to the members of the Unit.  The provision of career and resettlement advice to those leaving the military.  Numerous other small scale, high impact projects to provide welfare support for the beneficiaries of the charity.

Additional information (optional)

You may choose to include further statements	You may choose to include further statements	where relevant about:
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41	Fundraising normally involves a significant level of personal engagement. Funds were raised through a few small/discreet hosting events during financial year.
Investment performance against objectives	Para 1.41	No investments were made, £150k of CLF funds were placed into three high interest savings accounts with varying notice periods.
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The Charity maintained a healthy balance, well above its initially agreed reserve of £5000, ending the accounting period with a balance c.£198,000.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity aims to always keep £5000 as a minimum in reserve to enable immediate response to a significant welfare incident. This is held within the Charity’s account.
Amount of reserves held	Para 1.22	£198,472as at 30 Jun 23.
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	Funds are primarily accrued through grants and donations.
Investment policy and objectives including any social investment policy adopted.	Para 1.46	Trustees’ received a brief from a financial investment firm but declined to move forward with investment, instead it was decided to move £150k into three savings accounts to benefit from the strong current interest rate(s).
A description of the principal risks facing the charity	Para 1.46	No risks access.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Ltd Company
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Appointed by current Chair and Trustees

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees.	Para 1.51
The charity’s organisational structure and any wider network with which the charity works.	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Churchill Lines Foundation
Other name the charity uses	N/A
Registered charity number	1158677
Charity’s principal address	Mailpoint 134 Churchill Lines MOD St Athan Wales CF62 4NX

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Office (if any)
Roger Lewis	Chairman
David Charters
Edward Sandry
Peter O’Kane
Mike Pullen
Alasdair Truett
LangleySharp













Corporate trustees–names of the directors at the date the report was approved. Director name N/A Name of trustees holding title to property belonging to the charity Trustee name Dates acted if not for whole year N/A
Director name
N/A






Trustee name		Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity. Name and objects of the N/A charity on whose behalf the assets are held and how this fall within the custodian charity’s objects. Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Administration	Ben Powell	MP134, Churchill Lines, CF62 4NX
Administration	Natalie Gordon	MP134, Churchill Lines, CF62 4NX
Financial	PWC	PWC LLP, One Kingsway, Cardiff, CF3 0NZ
Secretary	Craig Shepherd	MP134, Churchill Lines, CF62 4NX
Name of chief executive or names of senior staff members (Optional information)
N/A

Exemptions from disclosure

Reason for non-disclosure of key personnel details

iaw SORP para 16.21 - grants and support to individuals/institutions have not been disclosed as this ‘ could result in serious prejudice to the grant-maker and/or the recipient institution or individual working for the recipient institution’ .

Value of grants contain with the financial statements submitted with the annual return.

Other optional information

N/A

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Roger Lewis
	Chairman
	19 Mar 2024
	19 Mar 2024

Reglstered number.. 09090180 Charlty number. 1158677 CHURCHILL LINES FOUNDATION (A Company Llmlted by Guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

CHURCHILL LINES FOUNDATION IA Company Limited by Guarnntse) CONTEPfftS Pa Rofornnc• and Admlnl•trallv• D•t•lls of the Foundatlon. Its Trust wd Advl8•rn Trustses. Report Ind8p8nd•nt Examin•rf* Rèport Ststsm•nt of Flnancial Actlvlll•s Balance Sh••t Statomont ol Cash Flo Not to Ihg Fln•n¢l•l 8tstsm•nl• 9-18

CHURCHILL UNES FOUNDATION {A Company Linwled by Guarafits•> REFERENCE AND AC)MINISTRATIVE DEfAILS OF THE FOUNDATION, ITS TRUSTEES AND ADV18ER8 FOR THE YEAR ENDED 30 JUNE 2023 Trustees Company r•gl•t•r•d numbgr 0901180 ChArlty r•gl•t•r•d nvmb•r 11586TI Regl•t•rod offlc• Churchill Lintss MOD St Alhan Vale of Glwnorgan CF62 4WA Accounl•nl• PrICewatertU10CoWrn LLP Chartèrod Ac¢ountant8 1 Kingsway Cardrff CF10 3FW lnd•Pd•nt Examln•r Azats S8r4k•$ TyDe Lime Tree Court Cardrft Gate Busin•u Parf( Cwdrfl CF23 &48 Page 1

CHURCHILL UNES FOUNDATION IA Company Limited by Guarant••l TRUSTEES. RepoRT FOR THE YEAR ENDED 30 JUNE 2023 The TnJslee5 present Iheif annual report l&Jelher with the financi¥l statements of the Fojndation for the 1 Ju 2022 to 30 June 2023. The Annual Report 88Nes Ihe purFKises of both a Trustses. rewrt and a directOfS' report under company law. The Trustees confirm that the Annual Report and finala1 statements of the charrtablo company comply wrth the currenl slatulory requirements, the requirements of the charitablg companvs governing document and the provtsh)ns of the Slatamant of Recommended PrnC1p ISORPI applicable to charrties preparing their accounts in accord8nce wrth the FinwKi81 Repvting StarKlard 8pplic8bb In UK and Republ of Ireland IFRS 102) leffe(al 1 January 2019). Since the Foundation qualifies as small undèr section 382 of tho Companies Act 2006, the Stratsgic Report rffjuired of medium and large cOrrpan5 under the Companies Act 201% Islralegic Report and Director8, Report) Regulatws 2013 has been cmffted. ObJecllv88 and actlvlll . PollcSM and obJ•ctfv•• The objective8 CA the Foundation To assist per8ollB who are ¢urr•nlly In or who have sep48d in unf( of the Britr8h Armed forc•s. Induding others who have serve ongsi e or In support o ,1 id the dependants ol any ol the above by advaneing any lavrful charitable purpose at the discretion the Trustees, and particuLady bul not exclu8i¥ely to promote and Pfotecl the hearth of tho88 that have been wounded or injured whilst seNing in or with thandlor thair dependonts through the prov18Kin of facilities, equipment or servtts for their rehabili181ion ano lo provKle beneff($ lo por6on6 and their dependants who 8re in naod.. and b. To 8dvanrn •ducatK?n by di88eminating Infom)8li on t history. d••d¥ and tr&litins ol th In 8ettlng objectNOS and pl8nnirJ for a¢tivities, the Tru8teos hwa qb dua w)$idorth) to gan6ral guldanc8 published by the Chanty CoMmi10n relating lo benefft. irKluding the qu31 'Public benefit.. running a chanty {P821'. b. M•ln 4¢tl¥ltlM undertakèn lo further th• Foundatlon'¥ purpoM• for th• publlc beneflt Historically the F¢wnd•liM $¢1 a fundraising 9oal to rni8e up to £100,(MJ) in OTd8r for the Foundation to D)mmit to Its charitabb activities. The gOrated funds weè u8eA for 8ffAII high impa¢t projo¢ts. in¢ludlng.' Hardship bans. as ass9$8ed by the Padm.. Support 10 88rwce personnel and their famil to 6eparation', wd Improving the lived experien¢¢ on base. In addition, in 2022 a further need was identified during Ihr.. ,'o,Ir IJ provide support lo indNidualB and their dependanl8 who had alsKI9 or in supp¢)rt ol 11 the year end&J 30 June 2022, over £700,000 was raised in grants from other OffJanisalions to SLJPPOrt Ihis woth and over £267.CW (2022.. £450,000) of the raised had been exF¢nded this year to support those that requir8d 85SiStance. The Found8tion is undertaking trwo prolects fvrthérance of its obiectNes being.. 1. An expedition by members of the Unit lo the HimaLgyas," arKI 2. The development of a welfare centre for the berfft ofthe members o nd their familie5. Both projects were at a relativety earty stsge at tha end of the finan¢l year and so a more detailèd report on these will be provided in the next set of finarKial statenwnts. Page 2

CHURCHILL UNES FOUNDATION {A Company Umtt•d by Guardnt••l TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Achlevements and p•rform•nc• •. Maln a¢hl•vem•nts of th• Foundatlon The Foundation has made 8 sKJnifKant contrlxrt)n to ts libys of beneflr. Examplos of 80me of the main achievements of the Foundation include: The provi8kn of fin181 8SSiStance lo indidual5 through grants to off-set the cost ol traval and (rther items where dhar seNica lunds are not available; The pwtsion of 8ccorn¥Aalion and tran8POrt for bereaved famili8s to attend romwnbrance events,. Tr8nsport and occomrThJdatv)n for veran8 to visit key Un etr on a wetfare ba¥. ao as rK)t to exclde injured personnel; The provisKJn ol profes$kal devekpment t)pportunrtros in the fom of speakers and presentallon$.' The prcwisKm of career and r88etUem8nl advice to those leaving the military.. Numarous clhor small 8¢ale, high impxt woiects to provide wolfare 8UPPJrt for the bgneficlarles of t FoundaUon'. and Malgrl81 support lo lndfvkI1& and deFerKlants who Uired 888ianco as a result of worklng wllh and 6UPPOrtln b. Fundrnl•lng •thltl•• and IKom• g?nwaOon The Foundation is lIaNt on the donations of 8 nunthr (rf discre81 phi18nlhropic iThJividuals who recL¥ni8ed the 8pecial contnbutK•n per$onOI mako to the Unit•a Kingdom and the rtt4J to 8UPPOrt tho86 Individuals and dependanl8 when they are wouryjed or injured. Tho Foundation typicalty hold8 a lknitod Nmbgr al discra8t lundr4i6iNJ everts to prOft rt88lf lo such indlvidual8 with the aim of 8ecuriTrJ donatlon•. c. InvMtm•nt pollcy •nd wrform•n Surplus cash balanees are cumrtty hekl os on depL at rnputabl• finarthl Institutions to facifilato easy acce55 to markago the IKiuJty of the FOUndatn. Fln•n¢l•l rnvl•w a. Golng conc•m After making appropriate enquiries. the Trusteos have a aSonable expectalion that the Found0tn h85 ad6yuale resources lo continue in operational existenc• for the ftXeSeeab future. For thi6 reason, I continue to adopt the gciro eoncem b8515 in preparirvJ th8 finar191 ¥tatementi. b. Re••rv•8 pollcy The Trustees are s]sfEd with the current level (rf rnserves held by the FoLmdath)n. The Foundation has very lynited ongoing oper81iond costs and therefore deci8ion$ to award grants provhle support are basad on ve1 d funds avaikqbie at the time of appl. At 30 Jung 2023 tho unre8trided fu$ are £198,472 {2022.' £38,585). The Foundation aim8 to keep £5.tK)0 8$ a mininum in Te¥eNe to enable immediate rgswnse to 81gnificant welfrdre Incident Page 3

CHURCHILL LINES FOUNDATION IA Company Llmtt•d by Guarnnt•e TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Structur•• gov•rn•nce and managemenl Churchill Lir Foundath?n is r8gislered a5 8 charitsble company Iwnited by guarantee and was 8et up by MemorarKlum of As50ciatp)n which was updated in 2021. b. M•thods of appolntrnfjnt or •l•CtI¢ of Tru•te The management cl tho Foundat * the resp¢Ilbi1ty of the Tnjstees who •r• d¢¢ted under the temi8 of Arti¢t¢s of Associalion. Plam lor futur• p•rfod• The Foundation Intends to contlnu• to rai8e funds and provide supwt to er•0nr ar thoir dependents Ar th08e that hove served ak)ng$lde or In Support trand thwr dependanl8. M•mb•r•' Ilablllty The Members of the Foundation guarant to contnbute an amount exceeding £1 to the loti of lh• Foundatw in the avont of windirwJ up. St•t•mont of Tru•tM•' r••pon•lbllftl8• The Trustees (who ar8 also the directors of the Foundation for Ihe pu0808 of company lawl arn SponSIble for preparing the Trustees, Report and the financial st¢nts in accordance wtth applicabh Law and Unrted Kingdcm Accountry Standwds (Unrted Kingdom Gengralty Apted A¢¢ounting Practui}. Company law requlm tho Tw81088 lo prwre financial statements for exh financial . Under company Lqw, the Tru51eeB must not approve Ihe finoncial Slalèmènls Un8$ they are satisfied Ihal they give a true and falr wew ol Ihg slalo of affairs of the FoUndatn and ol ils inwming fesourees and applKation ol resources, induding rt$ income and expenditure. for that period. In preparing these finan¢kl $lalemenls. the Trustees are required lo.. Setht suitable accnting poIKies and then appty Ihem con•i¥t•ntly: ob8efve tho melhtsjs and prlnciples of the chartt SORP (FRS 1021.. make judgwnents and aecounling estimates that are Teosonabk and pnjdent., $1819 whether applicable UK Accounting Standards {FRS 1021 have been frJlkyhd, subjocl lo any malorial departu9 discl¢)sed and explained in t1 financial slalemnt8.' prepare the finanual statements on the concem basis unless rt is Inapproprfale to pro8Uff that the Foundation TrMII eonlinue in trSIness. The Trustees are responsible for keeping adequate 8ca)vnting records that a sufficient to 8huw and explaln the Foundation's transactions and disdose wrth reasonable accuraGy at any lim8 the financial posiip)n of tha Foundation and enable them lo ensure that the financial sL7temenls Comp with the Componies Ad 2006. They are also responsib for safeguarding the assets of the FOundalK and hence for takin9 re8sonable steps ft)r the prevention dgtection of fraud and other irregularilies. Approved by crfder of Ihe membws ofthe board of Tru8t8es signgj on the ihaW by.. Dale. 29 April 2024 Page 4

CHURCHILL LINES FOUNDATION IA Company Lknit•d by Guar•nts• INDEPENDEKf EXAMINERE REPORT FOR THE YEAR ENDED 30 JUNE 2023 Ind•p•nd•nt Examlnerfs R•port to th• Tnt•05 of Churchlll UMS Fowthtlon Ilhe Foundthn.) I repcrft lo the th•rity Tnjstoes on my exAThn81ion of the accounts crf ts Foundation for th& year endèd 30 thjne 2023. R•pon¥lbllttlM and Bashs of Roport A6 Ihe Trustees of Foundthi (a rts dYecti)rn for the purpostt of company law) you are re8pon8lblè lor the prep8rlon of the accounts n 8ccord•n¢¢ wlth the requirembnts of th? CThni85 Act (Ihe 2006 Ad,). Having 8th1sf mysèff that the accounts of the FourKl8tbn are not required to be •udlted under Part 16 of the 2LKJ6 Act and arn elwJible fly indopgndenl examin8tK)n. I report in ro8potr1 of my examin8tlon of the Foundalkn'8 accounts carrd out under 8ec#ion 145 of the ChaTrti8s Act 2011 Ilhe 2011 Acfi. In carrying c4Jt my examin•th)n I have follthved the Direct$ glven by th• Chwity c(xT)mk%8 under 8aCtM)n 145lSllb) of 2011 Act. Ind•p•nd•n¢ Examln•rf• 8tat•m•nt I ha ccfflpknt•d my ex8mln•tknn. I c(rfrm that no mattern hawé ¢on• lo my attentK)n kn connaetlon vAlh the examknation givkng to boligve: countin9 r•¢ordi were ncé kept in respect cl thé Found8t1 Js requlrnd by ctIOn 386 of th• 2r the •c¢ounts do not xcord with thDfj8 records.. or the account8 do nol compty with the xcounting requiromerrts d sedlon 396 d th8 2l Act othor th•n any requirement that the accounts 9• a Irue and lairf view whlch li not 8 matter c¢xldered as part of an independerrt 4MInatl. or the accounts have not been yepar•d wllh the methcl8 and pTrKiples of ttkg St•ment of Recorrmnended Practite for accounting 8rKI reportiN4 by chariti98, applble to Charit preparing thelr 8Kcounts in accordonce wilh the FInarla1 R8portirrfJ Slondard appli in th• UK 8nd Republi¢ of IrelarKI IFRS 102}. I have no conc•m8 and havè ¢om• •cross no matters in connectw)n with the examin8lion to whkh 8ttentlon 8hould be drn in this report in order to enable 8 proper understanding of the accounts lo be Thro report 18 made sow to the Foun(18tion's Truste85, as a body. in ¢nce with Port 4 of tho Charit8 {Accounts and Reports) Regulat$ 2LX)8. My work has been undertaken 50 that I might stste to Ihe Foundallon'ts Trustee$ those motters 18m required to 8t8te to them in an Independent Examinerf$ Report and for no other puose. To th8 fUlt extent permitted by Lvw, I do rKJt accept or assume r8sp)n$ibility to AnyM• other than the FoUnd0n and Foundatn,$ Truste as a body. for my worf( or for thbs rnport. Slgned.. 30• *knZY FCCA DChA Jognne Toylor ets Audit SèNce8, Ty Derw. Lttne Tree Court. Calff Gale Buswie88 Pa. Cardny CF23 8AB Page 5

CHURCHILL LINES FOUNDATION IA Company Llmltod by Guarnntee) 8TATEMENT (xr FINANCIAL ACTMTIES {INCORPORATING INCOME AND EXPENDITURE ACCOUND FOR THE YEAR ENDED 30 JUNE 2023 Unrnstrlcted fuDd8 2023 R•stfKt•d nds 2023 Total fund8 2023 Total fund8 222 Incom• fn>m: D.0ft$ and aci86 124.681 110.( 234.681 757.439 Total Incom• 124.581 110,0th) 234,581 757,439 Exp•ndlthr• on". Charitable actP4IieB 63,303 163,636 226,938 515.439 Totsl •xyndltur• 63.303 163.635 226.938 515,439 Not In¢om•l(•xp•ndltur•l Tr8nsfern between fur¥Js 61.278 103.996 153,635) (103,995) 242,000 11 N•1 fflov•m•nt In fund• 165,273 1167,630) 242,CKrt) R•conclll•llon of fund•: Total lund8 brought foNMrd Net movement in funds 257,630 1157.6301 296,215 S4.215 242.CKJO 166373 Totsl funds carTl•d forw•rd 203 100.000 303,858 296.21S The Slalinenl of Financial AclNitie¥ IndUd 01 yins and k)ss0s r¢counifyed in th& year. The note8 pages 9 to 18 fomi part of these statemenls. Page 6

CHURCHILL UNES FOUNDATION {A Company Umlted by Guarantee) REGISTERED NUMBER: 09090180 BALANCE SHEET AS AT 30 JUNE 2023 2023 2022 Cum¢ Deblorn.. arry)unts falling due within one ye Cash at barth and in hand 11.886 1,775 295,940 306.108 297.71 S CredIt$.. 4Thnts f8llk)g due wthkn one 10 122501 11,500) Total 0• IM8 curr•nt Ilablllll 303,858 298,215 To¢•1 n•t •M•ts 303,858 2,215 Ch•rlty fvnd• Restricted funds Unrestrthd funds 11 11 100,IXIO 203.868 257,630 38,585 Tot•1 fvndl 303,868 296,215 Tho FoundotKJn wa¥ entrU•d to exempbon fr(¥n audit urKler SeCtiL 477 of Cry8Th Act 2006. The members ha rKrt required the compary to obtain an alIt lor th8 year in qU88tL In xcordance wlth 88clion 478 of Cryani88 Act 2006. The Tru8lees aLn(yMedge their resp)rritslitm for ¢tyld wrth the requir8ments of th• Aet wlth respect lo accourrting reco1 and preparatKJn of ffinanthl 81atements. Th8 financAal staterrnnts have bggn proFW In with thg pro7418icrn applicab to onlTti•¥ bleCt to the small clPar$ regirr. The fina181 8tateThntB weve 8pproved and authorisod for i58uo by the TnJtees and syned C thelr l)ohaW by: Chair of Trustees Dal8.' 29 April 2024 The noles pn paggs 9 to 18 fM part of these financial tsterrenis. Page 7

CHURCHILL UNES FOUNDATION IA Company Limlted by Guarnntee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2023 2023 2022 Ca•h 110 from opèrntlng actlvltk• Nel cash (used inyprovKlgd by operating act[$ 13 11,6971 242.449 Chang• In cmh and cash equlvalgnts kn th& ymr Cash and ¢a$h equrv8lents at the beginning of the yow (1,89n 242M9 53,491 C•gh and cash •qulvalents at th• •fid of the year 14 294,243 295.940 The notes on pagas 9 to 18 ft>rm part of theje fiMnts•l 8tattynent8 Pag8 8

CHURCHILL LIIIES FOUNDATION IA Company Limitod Guarnntso) NOTES TO THE FINANCIAL STATEMEP FOR THE YEAR ENDED 30 JUNE 2023 Genernl InfornMtlc•n Churchlll Lirns Foundation {the Foundal)n"I Is a yfvaie ¢orryny limrted by guarantee IR8gi8tered No 090901801 and a rogislered charity (Chanty No 11586771 in England and Vvales. The registered offltè of the FOUndatK 1$ Tho Regtal Accountant. Churchill Linas, MOD St Athw, Vale cl GlarTh)[9, CF62 4WA. Accountlng polkl 2.1 Ba•1• ol pr•par•tlon of flnn¢l•l l•t•mwts The fmancial slaleffents ha been prepared in acccrfdance with th• accounting policM set OLrt In note 2 to the financial 8talement8 and coryty with the Foundation's goveming document. the Companles Act 21kX8 and 'Accounng and Rewllng by charit.. Sialemenl of Reeommentjed Pr8Ctica 8pplicabl• lo charitièg prèparing their accounts in accordance with tha Financlal Reportlng Stsndgrd 8pplKle in the UK and Rowb1 of Ireland {FRS 1021 {eff8ctlvo l January 20191. Churchill Lines Foundation the definitKffi cl a public b8n6fft entty un¢J8r FRS 102. Assets and IL4biliti88 are inrtialty recognned al historic41 c(t or transa¢lK)n value Un$5 otherwt8e stated In thé relewnl accountiry policy. The financial statermnts are prepaT•J in Unite(l Kingdom Pounds Starling (GBP) and are rounded to the nearest pourKI. 22 Incom• All irKcmè rd recognised once tha FoUndatn h¥5 ontiuement to the income. it 18 probable that the Income wlll bo r•¢eN¢d 8rKI the anw)unt ol inccwrn Nble can be m8a8ured Teliably. Grant8 are included in the Statement of Financial ActNities on a r8caivabbg basis. The balance of IrKome received for specific purposes but rMIt expendtyj during the p8riryJ 18 shown in the relevant fvnds on the Balance Sheet. Wher8 income is receN8d in advance of entrtthenl of receipt. its reco3nrtion deferred and induded in uedrtor$ 85 (lefeffed incomo. Wherè ¢ntrtI8nt occurs betrjre ine is r•coivwJ. the InCe r& xcrued. Don81ed 8eryKe8 or facilli are recogn11 ¥•1 the Foundatlon has control over the Item. any condil)n$ assOcled with the donated item have been met. the rept of gconomic beneffil from the use of the i¢em is probable and th81 eccrfK¥nic benofft can be mwured reliably. In accordance wlth the Charitses SORP IFRS 1021, the gerwal voluntoer ling of volunteers is Tr)t re(KJgnise(1 ond pkne refer to the Trle. ReFth for mce infonrot)n 8LvJl ther contribulton. On reeeipt, (knnaled profes$ky1 wvices ond facllitigs are recoJni8ed on b8818 of th8 value of the gift to the Foundation whKh is the amounl it would have been willing lo pay to obtain 8erv¢ce8 or faryl((S of equNalenl econ1¢ benefft on the (w market: a corr95ponding amount is then recognise(l in eyperrfjiture in perKAI ol recept. Inc(xr tax recoverab In relatKn to donatth f[¥d under Gfft Aid or deeds of o)v•wnl 1$ recognise(l at the kn.rne althe (k)nalK. Page 9

CHURCHILL UNES FOUNDATION IA Company Llmlted by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Accountlng pollcles IG¢JntInyj 2.3 EXndItre Expenditure is recoJni8ed 0e there is a leg or ¢>)nstw¢tlve obligation lo transfer econcfflic benerrt to o third pwty, It Is prOtsab that a transfer of 1$>1¢ bèneffts wll be required in settlement and the aTrUnt of Ihe eèligalmin can be measured reliably. Expenditure is classrfied by trvity. costs of each xtivty are made up d the total of direct costs and shareil costs, including support eosls involved in undertakiry each kn"¥ty. Direct cost8 attributab to o sirvjle activity are allocated directty to that actrvity. Shared costs whh conlribule lo rrwe than onè activity and 8UPPOrt costs which ore not attributab to a 8iThJle activity are apportK)ned beknrt those activities on a basis CCsIStenI with the use of restsjrees. Central staff costs are allocat1 on the bas1$ of tlme $p¢nt. and d6prttiatKM chwges elkKated on lh• K)fi of the a888¥s uae. Expendrtur• ¢)n charitsblè KtNiti88 is incurred on diwtty undertaking 8¢INitias which further lh8 Foundation's objectives, well 8$ any assc¢iated support costs, including governance costs. Granly p8y8bl6 are charged in the year when tho offèr is made except in those cases where th? offer is ¢ondib"ono1. Such grants bthng recognised as expenditurè when the conditions attaching are fvlfilled. Grants offered subl8et lo condition8 which have rrf)t Lwn met at the yoor end are noted 88 commthent. but not accrued 48 eypendrture. Al ¢xr¢ndriur• 16 IrKI1 ol irTecovor8ble VAT. 2A D•btorn Tradè and othér debtors are recLynised at the 8ettb&ment amount after any trade diBcounl offered. Prepayments afe Valu 81 tho affK)unl pfepa#J nel of any trad• dis¢ounts duo. 2.6 Ca•h at nk and In hand Ch 81 bank and in hand Includes cash and short-temi highty liquid mve8lrMnts wAh g Short matunty of three morth• crf le8G frlyn the date of wui8ition oponlng of the dop08it or Similar account. 2.6 Llabllltlm and provhlon• Liabilrties arg recognised when tt18re Is an obligatton at the Bolan¢e Sheet date as a res1 of a pa61 evenl, rt is probable thal a transfer of accOrniC benefft will bg required in settl8nt, and th8 amount olthe 8etUement can be estimated reii8bty. Liabilit$ arg rect)Jnised at ts arrount ttwi the Foundat antPate$ it wlll pay to Sett the debt or the arry)unt it hgs rtreived a$ advanced payments the goLK15 or ww¢es rt must provide. Provi8ion8 are measured at the best eslim8te of the amounts required to sattl8 th8 obligation. Where the affect of the time value ol rroney is material. the provision is based on the present value of th¢ anunts, discounted al the pre-tax discount rate Ihat r8fiects the risks specific to the li8bility. The urMtindir¥J of th8 diycount i% rectr3noed in the statent of Finartial ActNities as a finance cog1. 2.7 Flnanclal Instruments The Foundation On has financial assets and finaroal liabililw of a kind that qualfy as basic financial instruments. Bas financial inslrunwts ar8 initialty reccJniged al transaction value and subsequgntty maasured at their setllemenl value. Page 10

CHURCHILL LINES FOUNDATION IA Company Limitad by Guarnntofj) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 A¢¢ountlng pollclm (coftllnu•d) 2.8 Fund •ccounllng General fuThJs are unTe8trKled funds which are aValab for at the discration of the Trusteés in furtherance of the genaral abil¥e& of the FouTrJatK)n which Iwe b¢¢n d¢signated for other PUfP)se8. Dts8ignated fund8 Gcffiwr6e unrestrvAed funds that ha boen 8•t a$hla by ts Trustees for particular purposes. The a¥n and use of dgn8tsd fund i• ¥et out in tho note6 to finan¢lal stalements. Restricted funds ar8 fund8 whh aro to bg Ld in accordance wlth spo¢Kk ¥tricI10n¥ imposed by donors or which have been raised ty the Foundation for particular purposes. The cost8 of raising ond administering Such funds are charged 4ainst the spe¢fv fund. The aim and of each restrKted fund set out in tho ncAe8 to th• financial St*0ts. In¢om• from don•tlon• and l•gacl•• Unr•strlci•d Re8trlct fund• funds 2023 2023 Tot•1 fund• 2023 Donations Grants 124,581 124,581 110,000 110.oc 124,581 110,CX)O 234,581 Donations indude £3,CTrI12022.' £2.1001 ofdonotKfflS in kind for accountsncy 8eMC¢S. Unrestricted R8stridad funds fund¥ 2022 2022 Total fvnd$ 2022 Donations Grants 45,744 45,744 711,695 711,695 45.744 711,695 757,439 P8ge11

CHURCHILL LINES FOUNDATION (A Company Limitsd by Guarantee) NOTES TO THE FINANGIAL STATEMEpirs Foft THE YEAR ENDED 30 JUNE 2023 Analy918 of grnnts Grnnt8 to Grant8 to Instltutlon• Individu•ls 2023 2023 Ti>tal tunds 2023 Suprh)rt for Serv8 pwsonnel Support for individual$ ¢onnected 15,266 15.266 163,635 163,635 163,635 15,286 17B,901 Gfants io In8lrtub'on# 2022 Grant8 10 Indkndu818 2022 Tothl Jnds 2022 Support for 8eryke per1(ne1 Support indNidua18 conno¢t8d 20.792 10.045 20.792 24.445 14,400 14,400 30.837 45.237 The Foundation ho8 made folkAw'ry material grants to in8titution8 during the year.. 2023 2022 Name of instltutlon Foundation 162.900 Olher granh to iistituti'ons 736 14,400 183,636 14,41XI Page 12

CHURCHILL UNES FOUNDATION (A Compny Limitod by Guarantsg) NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 30 JUNE 2023 Analy•lry of •xp•ndhurn (m Gharftable athltlfjs SUMM ty fund typ• Unre8trlct•d Rè8trlct•d nd• funds 2023 2023 Tothl 2023 Supwrt to p•rnMn Support for indfvJu81s connectod Y4tt 83,303 63.303 163,635 163.635 63.303 163.635 226,938 UnrèstiKted RenCIed fund8 fund8 2022 2022 Totsl 2022 Support lo 8ervK4 pernom Support for Indlvkiual8 connecteAI vjfth 81.374 61.374 454.C65 454,C5 61.374 454.C65 515,439 Analy8ls of •xp•ndllur• by acth7ltl•• A¢tlvitl•8 Grnnl undèrtaken fundlng of dlrgc ctlvltl• 2023 2023 Support cost• 2023 Totsl funds 2023 Support for service perscfinel Support for indivKluals connected with 36,391 15.286 163.635 11.648 63,303 163,635 36.391 178.1 11,646 226,938 Included withwi supwxt costs are govemance expenses of £5.709 (2022.. £3.600). P89& 13

CHURCHILL LINES FOUNDATION IA Comyny Lim6ted by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JLW4E 2023 An11 of •xpdIre by •ctfvltles Icontlnu•dl Grnnt fvnding of actNrt 2022 undertaken direct 2022 Supwrt Total funds 2022 2022 Supp)rt for service perswnel Support kn indmduds conne(Xed wrti. 35,309 429.620 20,7¥2 24.445 5.273 61.374 454.C65 464,929 45,237 5,273 515,439 Analyikn of •upport costs Totsl fund$ 2023 Total lund8 2W22 Administr8tw expenses Accounting services 3,173 2.100 3.000 5.273 Indepondent examlnerf• rwnun•rallon 2023 2022 Foes payable to the Foundation's examiner for independènt èxamination of the FOUndatM,8 annual accounts 2,250 1,500 TrusteM' r•mun•rntlon and oxpens DuriryJ the year, rn Tru¥tees ary remunera1K or other beTth (2022 . £NILI. Duriw the y8or end*AI 30 June 2023, no Tnjstee eypense5 hwo been in¢urred12022 - £NILI. Page 14

CHURCHILL UNES FOUNDATION (A Company Umlted by Guarnnt••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Dobtorn 2023 2022 Du• wlthln on• y•ar Other debtor8 11,865 1,775 10. Cf•dltor•: Amount• f•lllng du• wlthln on• ymr 2023 2022 A¢cru81s arKI deferred ir 2.280 11. stst•m•nt of fund• Statsm•nt of fund•- cuirnnt y•ar Balance at 30Jun• 202J Trnn•for• Inl¢)ut July 2022 Incom• Exp•ndltur• Unr••trlct•d lund• D•slgnat•d funds Weware Contre 14,6141 10,000 5,386 G•n•r•l fund• General Fund 124M1 158,6891 93.995 198,472 Total Unrnstrkt•d lund• 124,681 (63,303} 103.995 203,85B Conne¢led Person8 Sup Fun¢J Hlnalayan ExF*ditK 267.630 10.orrf 100mO 1163,8351 1103,995 100.000 110.000 1163.6351 1103,995 100,000 Totsl of funds 296,216 234181 (226,9381 Page 15

CHURCHILL LINES FOUNDATION IA Company Llmlted by Guarants•l NOTES TO THE FINANCIAL STAT&MENTS FOR THE YEAR ENDED 30 JUNE 2023 11. Ststemont of funds (conllnu¢d) Stat•m•nt of fvnds- prlor y•ar Balancè 30 Jun6 2022 Balanc8 at 1 J 2021 Transfers inloul Ine(rn ExperwJure Unr••trlct•d fund• Wdfere Centre G•n•rnl fund• Gonoral Fund 54,215 45.744 161,374) 38,585 Totsl Unrestrkl•d fund• 54,215 45,744 (61.374) 38,585 Conne¢ted Per8($ Support FUNJ Hmnalayan EydrtK)n 711,695 {454.Cfj5} 257,630 Totsl of funds 54.215 757,439 (515,4391 296,215 Th8 Connect&1 Par80n8 Support FurKI w8$ tablIS 8UPkM)rt to individuab land their dependants} who have worked alorKJside or 8UPPOrted Upon c¢)nclusion of the projects undertaken on this lund, Il'e donors agreed that SUluS amc4JM8 coukl be usgd more generally for the b¢nefit of membern 013nd so Ihe relnaining balance wa8 transferred lo to the 98neial fvnd. lo The Hinalayan Expediton lund haG bn established to wpport eXp•Jitn by mmber8 of the Unit lo the Himalayas. Th8 W8Nare Centre has eswlished to deveknp plan8 for a cantre for the b•n8frt of the members ol •nd 1188. Page 18

CHURCHILL UNES FOUNDATION IA CoTnpany Limitad ty Guarnntsfj) NOTES TO THE FINANCIAL STATEIAEP FOR THE YEAR ENDED 30 JUNE X123 12. Anaty818 of net a88ats between Thd8 An•ty81• ot n•t ••••ts betwe•n fvnds. curr•nt y•ar Unrestrictsd Rostrictod funds fund¥ 2023 2023 Total funds 2023 Current assets Credrtors due w1th ono y8Ar 2fK.108 (2.2501 100,000 306.108 12.2001 Total 203,858 1fX).¢Y)O 303.858 An•ly•l• of n•1 M•4ts1)•tw••n fund•. prfor y•ar Unre8lrfcl fvrKIs 2022 Rostrtctod funds 2022 Total fiJnd8 2022 Current a$$•ts Creditors due wlthkn ong year 40,085 (1.SCM)) 257.830 297,715 11.500} Tol•l 38,585 257.630 296,215 13. RoncIlIatI¢?n of nrt mov•m•nt kn furrtl• to net flow from op•rntlng actlvlti 2023 2022 Net Incc¥ne for year180 per Statwnent of Financid Actriitle8) 242.000 AdJu•lm•nts for. (ln¢reaseyd9le in debtLVS Increa80 in creditors 110.090) 7SO 249 2 Net Gash Iu¥gd Inyprovlded by opwn9 adlvlll 11.697 242.449 14. Anaty818 of cash and cash oqul¥•l&nts 2023 2022 Cash in hand 294,243 295.940 Pap17

CHURCHILL LINES FOUNDATION (A Company Llmlted by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 15. Analysls of chang•s In n•t d•bt At1Jufy 2022 Cmh Ilows At 30 Jun• 2023 Cash at bank and in hd 295.940 (1.6971 294,243 Pag8 18

Reglstered number.. 09090180 Charlty number. 1158677 CHURCHILL LINES FOUNDATION (A Company Llmlted by Guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023