THE LUJEliNA EDUCATtONAL TRusr TRUSTEL8' REPORT AND FINANCIAL STATKMEr FOR THE YEAR ENDXD 31 DECEMBER2025 THE LUJENNA EDUCATIONAL Tru REFERENCE AND ADI￿vNISfRAT1vt VIVORMATION Stttlor Jeremy MixJreN6w5Ullh The Trustees served durlxg the ye*r grtt Jeremy He￿ MO0￿ N¢￿￿rn- ResigDed a5 Chairnian l January 2025 Gillian Lucy NeWSum-A￿0lrt1￿ Chairman l JaDuary 2025 Anna JasmineNewSUED Lucy Alice Datling JenniferRo8¢ Farfey. Sawary ChArlty n¥mlJer The T￿￿ És a re8iSterrJJ cJ]arity. numiv 1162635 Prln¢Ap*ioifLee 59 Station Koad sWav￿eY Cambridgeshire CB24 4QJ Shona Cutler Lirllited Groi'e Farni Bungalow Lin¢omb Stollr￿rt on Severn DY13 9RB Banker5 Coutts & Co 440 Strand London WC2R Inv¢8bllent m•n8geYs Sarasin & Partllers LLP i(K) St. Paul's Churchyard London EC4M gBU LThyers Nlills & Re£ve Lt B¢)tanic Flouse 100 Hills Road Camlxidge CB2 IPH THE LUJENNA EDIJCATIONAL TRLsr TRUSTEES, REPORT For thE year ended 31 D•¢￿￿1*r24Yl5 The Th￿16¢5 premt their RerK>rt with th¢ fin￿la1 statements forthe ye8r eth 31 DEr¢mber 2025. The TruSt￿S have adopted the proYi%iorts of the Statanfflt of Reco￿￿ded Practice (SORP)'Accounting and RcportiDg by Cl￿rIti&8' in preparirjg the annual finanGial &atements of the Charity. The financial stat¢tnents hav¢ been prq)ared in a¢¢onkncr with the aCt￿U￿ting ￿1]1¢1¢5 Set out ID the note8 to the fithan¢ial staternents 8nd comply with the Ch8rity's governing d(￿UM¢n( the awitie8 A¥t 2011 and Aecountsng and Reporting by Clwitic8'. Sts¢ernent of Reix)mmended Prn¢ti(t applicable to tharlties preparing their fingnciai sta¢emaJts in a￿rdancE with the Financial Rep)rting SiatyJ8rd appli¢able in the UK and Republic of ITEland. TRusfEFS OFTHE CHARITY The trl￿ who haye s¢rvryJ during yew ènd sintt theye8r were ￿ follo Jcremy Henry m￿reNeWS￿￿-kulBn￿l &% C1Mirnian l January 2025 Gilli￿ Lucy NeWsum-Appoit￿Cd Chairman l Jattuary 2(U5 Anna j￿Ille Newsutll Lucv Alice D¥rling Jettnif¢r Rose Farley- Srtrrtary Strittury GovernAnte ind ma￿￿Trent The Charity w&8U&rte4J by a Deed ofTrusi dated 25 Febnwy 2015. All ma¢t¢rn of policy are dderniinoj by who meet rngularly. The power to at4)oinl ncwThts ve*s with &exi&ing Truts. New TTUStees are app01t￿e4 when Fmisitions l*com¢ vacant a¢]d are apFX)inkd b&wJ on the charity's I>)￿ldering the skill. I1￿C commitment atJd all￿)rnent of tbe charity's objeetives. Ngw Tru3lttsare givffl intr￿UCtiOn to the ChaT￿ty and proyided with various thNJJm¢fftt% inGluding awy of the ¢ru5t rniou￿ ofmeetiogs 8nd the prioryear rjnallciai statem¢nts. The Trustets hllve ￿￿min&J th¢ major slr8legi¢ al￿ ry￿atiOn￿ ri&%which the charity factt and are ti8fjed that systems havr been ￿lishe4 (2024: £33,189). The Charity awardul six grants (2024: five graots) (knring theyw totslling £26.800 {2024: 28,900) as de(&iled in not¢ 2. Net Incoming rewr￿ for the ycar, atlcrTecogDi￿l and uttrecognised 2&itIS Df £39,101 (2￿24. 69,5441 w#s £38285 (2024: £71.187). THE LUJENNA EDUCATIONAL TRusr TRUSTEES REPORT for the year ¢ttde4131 Dtternbtr2025 (CoMinu￿1) Rvsorv¢s Poll The constitirtion of the TTu# stst¢S tI￿t thc Tn￿te¢S mu51uE the itthme May usethe C&pit￿ to pmote its objeuives. The Trust￿% ￿[ye5 tK)licY Éo maintsin the ¢4pitsl of the Llwity atwj fully distribute the incom6 earn(%1 viathe rAyment ofgv8nts ea¢* yw. aft￿m¥￿I￿g the annual cow of running the charity. DonadoDs PoRley TTUStees supp(Mtproje£ts whith imwve ￿ fo *JUL*tiO￿ l*oadu dw¥tional opporttmities and Amprov¢ facilitie5. Fkn4ntlAI revl¢w gnd lTrvtJtrnM¢ polky IHvestmeTht polky There are no rcstridions on th¢ charity's powet to inv£gL The invesiment #raL¢gy is s¢t by the Trn&ees and reviewedregularly. ThE have appointeil investsDu)I manager5 to manage the inv¢¥ment portfolio ott a disrJetionary st*tern¢ntof Truxteea, Rupo#slbllltle8 for the fiAaud•l stAtweAts The TTUStces are rtspowibk for preparing thc Trns*eS' RerM)rt andth? finAnGial statements ITh accordan with appliGable ]aw atMI UnitcdKingdom ACC￿￿ti￿g 8tandards (United K￿gdoM Genera]ly Accept Accounting Pra¢ti¢¢). llje law applirAble to Chariti&S in FLgland & Wa1¢5 th¢Tn]steesto fiDan¢iai slatemaits ror each fioaTLGi45 yew which give a true wld fair view of the of tbe Tn¥f$ affairs and olthe i￿￿)ming resources of the Tnlst forthaiwKNL In preparing these financial 3tstemen￿ the Tn￿ are rwimj w: (4) selecE 5Uitable accou￿ting ￿)liCi&S aml 4)pty thern consi5tahtty' (b) observc thc rnethody and principl£% in th6 Cknarities SORP; (G) mok¢ judgements and ¢51imates that are rCas(￿ble aThJ pnMkn¢ (d) statc whether appli¢able aca)unting standards havc followed subj(xX to any msterial dw8rtutts di3c105cd atKI explaithed the fKnan¢ial s¢at¢menw and {c) prepare the finallcial on agoitig conttm b&sis it Is rAM)5id¢red itwpropriate to L￿¢ tha( tb¢ Tn¥t will wntinue. TheTrustees are rwonsible fork¢6ptn8 prOper￿(¥)￿lIng Itt4￿dSthat disc1￿ with re&%￿&ble a¢¢uraoy at Any time the finatt¢iaJ pasiuoll of the Trust And wble them to LLsure lh¢ firtanciai statements comply with the Ch8riti¢8A¢t2011. the Charity (A{￿u[￿at)d R9￿$)RegUlationS 2008 andtheprovisi￿s of thc Trust Dee(t The Th￿te2￿ aTt also rewthle for safeguarding th¢ of theThLgt at]d fDr tsking reaw&ble steps for the prevcntion and dete￿[￿ of fraLd and other irrcgularili Approve￿ by tht Trnst*es o and sign¢0 M thetr bE1￿￿by. 14J- Gi1119n Lucy ENewall INDEPEPIDENT ￿￿￿ER's REPORTTOTHK TRuYfELS OFTHE LUJENNA EDUCATIONAL TRUST I report to the on my W￿l1)atIon of the ￿>Unts 0fTheLujt￿JaEdu￿ti0nal Thist (the Th￿t) for th¢ year endd 31 Dember 2025. which ar¢ se4 oul OD pag&8 5 to ll RespO￿]h￿tItIeS bAyts of rryort As the charity trll￿￿￿ ofthe TW you Ire ￿ble for Ihe a¢couftts in ￿corda￿￿ wlth the requirtments of theCharitiesAct 2011 ('thE A￿,}. I report in rr5PeCt ofmy cxamination of the Thi￿.6 w&)wits ¢arrioJ Utthr *cLion 145 of the 2011 Act And in Tying out my examination I havG Followvj au the applicable Directions @i￿ by th¢ Cbarity Commi&8Aon under 5￿tIOn 145(5){b) ofthc ACL I#d¢w￿l01 Ststemettt I have completed my txaminlltion. l no Ma￿la1 matters l*ve ¢c￿e to my #tlention in eonnection with the ¢xaTnin*ion giving me ￿llse to Eeli¢v¢ that in 8ny maLtria] W¢¢L acwunting records were not kArt in r&V Ofth6Tnj￿ &8 requird by s￿lI0n I30 of theA¢L' or the a￿￿￿13 do not a¢cord ￿th thos¢ record5. or the a(￿￿nts do not c4>mply with the applithlc wirfXDents ¢oncerning th¢ form wjd content of accounts set out iD the Chariti&8 (Accounts and RerM)rts) Re8ulations21X18 Oth& than any ]EqUi￿mentIh&É the >unts giv¢ & tnje aNI fw view whiGh isnotamait￿ w]L8idercd &8 P￿t of an inde￿d￿L examinatson. I imie no conc6nKs and bavc carnc aLyo￿ Tro mattrrs in rJ)nn&aion with thr mTfLIr￿On to which attention should be drawn in this report in order to etwble a proptr ￿nd￿n8 of the acLouThts to be reAched. IfCA TEP Gmve Farn) Buwow Shona Cutler Limited Stoyrport on Sew DY13 9RB Date.. THE LUJENP4A EDUCATIONAL TRusr STATEMENT OF FINANCIALAciivmKs ftsrth¢ year tr￿kd 31 [itetM￿r24Il5 2024 llle•mfing r¢80urce5 Inv6stm¢nt iDcome Divldends and ittte¥e%t 29.188 29,188 34.832 Totsi Intornlttg rtgourees 29,188 29,188 34,832 Rtsour¢¢s exptnded Investment managem&Trt Porfolio Dwagem¢nl 187 187 374 1.589 clwntableac4iviiie& Grauts 26.81M) 28.9(X) 26.987 187 27.174 30.489 supp￿ costs Cost ofcharitable acthYiti¢s 187 27.174 30,489 Qovernanr 1.415 1.415 1830 171X) Total nsourc¢s exyudeA 28.402 1.602 30.(K 33,189 Net IDcoThing lolllgowg for the year (1.61r2) (8l6J 1.643 Reeognlsed g&kns Inv¢stma)ts Re&lised Unreali*d 31.466 7,635 31,466 7,635 69,544 Net movement SD 37.499 38.285 71,187 Balw4s bry>u8ht forwHTd 3,788 I275J52 1279.140 I2￿953 BA]anees At JI December 2O2S £4574 £1.3l2,851 £1 J17,425 £1,279,140 The ststement of ftt]anciai ￿liVI11t￿ indudes ajl gains and losses rr£ogni*d in th¢ y¢4r. All income and expenditsttt de¥ive from ¢￿tInUing ￿t[VitI THE LUJEYNA EDUCATIONAL TRUST AIANCL SHEfT *t31 De¢¢mber21125 2024 Fixed A*ets It]vethents I JCfj(A)9 1267,696 Current A99ets C&sh at baDk Coutts & Co 12,824 13.496 Ikbto DivideDJs held by Investment Mau&gers 822 3J48 13.646 16,844 within one ye Sundry crgjit 2.830 5,4(K> NEÉ Assets 10.816 11,444 Total Asstts I￿S (knrerit Uabmltk £1,317,425 £1279.140 Unrostrktal FM•ds Capital Undistnl)uted In¢om¢ l Jl1851 4,574 ,275J52 3,788 £lJ17.425 £1.279,140 Thety)t¢B on pages 7 to 12 foTTQ partof these fill8n¢i￿ ststemellt8 The acc4)unts on pages 5 to 12 were approv&J by and 5iglle4J on their bchElf on 31?12 L TIIE LUJF.NNA EDUCATIONAL TRUST NOTES TO THE FINAf4CIAL STATKMErwts for thé year trtdtd 31 Deumber2025 I. Summary of ￿nIf￿ant *¢eoutythig polltles (*) Gtntrnl inthnnxlioD And b*sLs of prry*YAtlom The LujenDaEducatiollal ThL￿ is an charity regi*er£d in England, UfAted by g Deed of TrL￿L The aiidress olthe registered office is given in the infornJ&tioTr on page l of these financi st&tements. Th¢ naiv￿ of th6tharity'8 Iwations and priDcip41 ￿tIvitieS are making of grants to promoie eAJuL*ion. The chtrity ts)nsti¢utes a public btllefjt cntity &8defEtKd by FRS 102. The fin8ncial Statements have been p[c￿ed IA accordantt with Ihe ¢harily'$ Tnw D¢￿ tk Charilic5 Act 201 l and 'AceiwthiDg and Rfwrting by Cbaritie5'. Stat¢trLent of Recommended ltr*ice hppli¢abl¢ to ¢hariti¢s preP￿iTrg th¢lra¢wmts in xcordance with the Fillancial Rq>ortiDg StgJ)doJd applie4ble in the UK &nd Republic of Ireland IFRS 102). (as Wnelld￿ for wJwntin8 rwiryl$ commenctng from l January 2016). Th¥ Lhwity h&8 taken wjvantage of the pmi*ims ID the SORP for tharitie5 wiying FRS IW2 Up]8te Bulletin I not to tryare a St￿ement of Cmh Flo Ibe flnancial statements have depoA&J from the Chari¢i¢s (Accounts and RerKrt8) Regulations 2(Kl8 ortly to the eXt￿t rtquired to provide atrL* and fair view. This depatlure has itivolveil following the Accounting and Rq)orting by ChaTill￿.. Slatem¢nt of Rec4)rnmended Practice for CharitiES appIl￿b]e to GhariÈi&8 txq)axing their attounts in ac4)rdarrf% with the Financial ReportitiE Standard applieAblc in the LK. and Rqwblic of Ireland I&*k￿d in (ktober 2019 rather thwF the Aecowlting and lle1￿1ng by Charitie8: Stalement of ReoOnll￿Ed PraLticc rffECtiv¢ from l A￿11 2005 whKh hy¢ sincc F£cn withdrnwn. The fm81Kiai stalements are prep￿￿ on a going IK8Ls undEr thE histori￿ Gosl Convention, mthjified to in¢lude (xrt&in iths at fairvalye. The fi[￿Cial statements ar6Aw¢pattd in strrling which is the fun¢tiornai currency of the ¢j￿ity attdmujded ￿ th¢ nearest £1. The slgnifiwii a¢counting p)lici&s applied in the preparati￿ of finanGia] 5tat¢ments arc set out low. Thcsc poli¢ie6 knv¢ beert ¢x)ts8i&etiUy applie4J to ail YLWS pr&￿t£du￿]￿ otherwise Stated. (b) Furt(14 Unre8trtded fi￿sare availablc for u8¢at thcdis(%eAion of the in furfhrn¢e of th¢ 8en¢ra] obje¢tives ofthe d)arity and whith bave not becn duignated forotha purtN)w. R&5tricted fi]nth are fuD(L8 whidj to b¢ used in w0)rd￿ with $￿ifiC ￿s￿l¢tionS imposed by se5. The COA of rni5ing and administering suth fuT¥Js art ¢hargd yinst the strtific fun(L The (X)aTity no rethct£d Endowment futt(L8 th(￿¢&￿￿ts which IKhdd pennanently by the Cbgxity. The Charity hw no etHlowm¢DI fitnd* (e) Jn¢ome r¢¢ogttl All in¢0￿1n£ reS￿rr£saIe inGluded IA the Statr4lle￿t of filli￿￿￿ Adlvities {SoFA) when chwity is l¢gaily enlitled to the intrme after any performance LX)rxlitiorL8 have beaj mel thc tnjount bc me&8ured re5iably aFKI IL is pwbabl¢ that lh¢ inwn¢ will t¢ i¢￿1ved. Investment Ènc4)tDr is thTr)ugh IM)Iding for InY&¥ment purpoK8 such shares and J¢ include8 dividends and int¢r& Wher6 it is not prn¢ticabl6 to i(kntify inV￿trnent m8nagemeDt co&s i￿urred within a whern¢ with r¢&%Mthle accumy thB inv￿¢￿t income is T¢￿1¢d net of th&8e ¢0gts. It is included whth the amount c•n i* meLwrrAI reli8bly. Intertst income is reco8nised usin8 thE effective interestmdhod and dEvId&￿ 8nd rMI inco￿¢ is Twni￿a as the d)arity's rightto rectivc ￿Ym¢llt is est8blished. THE LUJEPIPIA EDUCATIONAL TRUST EIOTES TO THE FINANCIAL STATKMENIS ror the y¢¥r ¢•d¢d 31 December 2025 (e¥iDIi*uu I, Swnm#ry ofsyif*a*t aceounllllg polkits (d) Exp•J￿￿t*￿ rewnillo All expakditure is a¢￿Unted for on an w￿al$ i*sis ¥DJ h&8 btrn clagsified ￿￿er the headings that aggregate aIl costs relatejl to the L•ory. I￿pendE{Ure is recogni￿1 where there is a leg or ¢OTLthGtive obligation to D￿ke payments to tbird partiffj it is prob&ble that the scttlement will be requir&1 and the amotsnl ofthe obligation b¢ rne&gJred re]iably. It is ¢ut¢gori*d under thc following h￿ing8'. - EXpEndi￿le on charitable wtivities includ&8 gran(s awwded togetherwith the ￿MInIstratIve o)sts of operating the charity. . Othe* expetiditure rq1rc￿nts th¢M [teD￿ not failing iDto the categories abov& Jrre¢ov&Yble VAT is as an agaiust the xtivity for whith exp￿di[Ure exose. Gr￿ts payable to thÈrd p￿leS are within the ctharitablc Objcrllv￿ wh￿ UncO￿li110nal are Offere￿ this is a¢¢Ned os soon th¢ ￿lpi¢ll1 is K￿lfied of Ihe 8ranL &8thi5 gives ose to a reasonable expe¢thtioD that the recipientwill rceeive the gran￿ Whtye grants ar¢ ronditional relatiDg to foTmanee then the grant ¢￿ty a¢crueA Wh￿ Wny unfiJJfiIl￿ ￿m¥JIti¢M3 are outside of the ￿ntrol of the Charity. (e) Support AI&Katlon Support Crts a￿ those that wist the work ofthe elthrity do not directly represen¢ rharitable ¢iviiios. They incurred directly in Sllpr￿rt orexrt￿ditUre on th¢obj￿#S of thtcharily. (rj Governam￿ ¢osts GovErnaDcc costs inc]￿jeth￿ with meding the constitutionthl and ststutory ]tquir¢ments of the charity at)d ijKlude ind4￿d￿l examinaE&on re￿ aThd costs lll)ktA to thc strategic managcment of th¢ Gharity. (gl Invests¥¢llts Illvc51ments ar6 recogni￿ initially at fair valu¢ which is txrmalty the ￿￿￿￿tIOn price excludL118 transaction costs. Subwuenity. they are rn￿￿1ed ￿ fwr Yatue with ChaD8￿ re¢ognised in 'net gains/(l¢isses) on inve5hn¢nts in thE SOFA if the sharcs are publicty trthj or their fairvalue ¢0 othBTrrise be mc&8ured rejiabty. (Mher tnVeslm￿tsatgMe￿9Jr￿l&Utst le&¥ impime4Jt. Curreftt asset inY&qknMt5 arB sIK)rt tcrm highly liquid investments atMI ￿ held at fair Vol￿ These in¢luth cash (trn dqThit and cash equiv￿¢￿ts with a matwity of I￿$ one year. (b) Dobtsr8 crEditon rttttvlb1dp￿bk F/ithim one y¢*r Debtors and creditors with no sthted in(attl rnte receivable or royable within on¢yeor are rwrd6d al tran5actioD price.Any lo&w arisiTJg from imp3irnieDt w￿lSed in expa)diture. THE LUJ%NPIA EDUCATIONAL TRUST NOTES TO THE FINANCIAL STA TEMKNTS for th¢ year ended 31 DeeeJDber21125 {conlinued) l. ofslEDificaAt polieks (￿￿¢1•￿t0) The charity 15 dn exempt chwity within the rnfAnin&of schedule 3 of the Charili&sAc4 2011 and is considered to the tests set in PaT8grnph I Schedule 6 Finw Act 2010 at¥1 therefore it rn￿ts the definition of a cbarity for UK cor￿￿tion pwp( (l) G￿ing tonce The fi]lanci￿ ststements have b¢en prryed on &going ¢onc¢rn b&8]5 the ttl￿es bEliev6 no materia] unc£rtainiies exisL The trustees have ￿￿81der*xllkne lev¢] of funds held and the exF¢Cted level of in¢ome and eXpeJKIibJ￿ for 12 from authorising these fi]]&n¢ia] statemtht& The budget income and expmdilure is suffi¢ient with the levd of restThu thethwity to I￿able lo contin￿6 &% a goiAS Coticern. Ik) FIDADci&I hthrnents The L*arity h&8 elected to apply the pmvisiotk8 of SeAton ll. Basi¢ FinaD¢ial InstrumeJ)ts' and Section 12 'Oth¢r Financial In5tNm¢nts I5￿c5, ofFRS iW2 to all of its fiDan¢iai it)8tiwme4)1& FIn￿￿1￿I instn]me1￿ are re¢WiS￿ FAJrn Il* ¢Jwity bec.595 14 6.835 IJ06.593 14 5.989 1.314,266 (1,415) 5989 (IAI5) 1,320,255 (2,830) Lithilities .312,851 4574 £lJ17,425 R¢i*ted pirty Ir*xMdl 12-