Ch3rity registration number.. L164073 THE ELLIE PENROSE FUND TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 The Ellle Penrose Fund Contents P•ge Trustees, Report Accountant'5 Report Statement of Flnancial Activitles Statement of Financi31 Position Notes to the Financial Statements The following pages do not forrn part of the statutory accounts.. Detailed Statement of Financial Activities io The Ellle Penrose Fund Trustees. Report For The Year Ended 31 October 2025 The trustees present their report and the financial Statements for the year ended 31 October 2025. Obje¢tive$ and Activities Alm$ and Objective$ The charity provides sponsorship to young people aged 21 and under for equipment or klt for thelr sport. The charity Was set up after the p3sslng of Ellie Penrose in August 2015. Ellie was a keen amateur sportswoman and triathlete, competing for Great Brit8in only the Month before she passed away. She died from multiple organ failure and Sy5tetnic sepsis. Ellie's rnoto on her Instagram page is 'If you wait until you can do everything for everybody, instead of doing Something for somebody* you will do nothing for nobody., Ellie's family want the charity to follow this by doing something for someone. The aim of the charity is to help young people access sport who would othenvise not have the funds to purchase kit or eouipment. Cash is not offered. The hope is that this promotes a healthy ￿CreatIon for a young person. Publlc Beneflt The trustees confirm that they have complied with the requirements of Sertion 17 of the Charities Act 2011 to have due regard to the Charity Commission s guidance on public benefit. Achievements and Performance Main Achievements People we've helped this year include Ethan who needed help to purchase hi5 fencing England kit to compete In national and international event5, and England Junior Curling Team who needed help to purchase sotne of their England kit when they represented England at the World junior B Championships in Finland. Flnanclal Revlew Reserves Policv The charity holds reserves to cover the costs of expenditure should income drarnatically fall. Currently the charity holds reserves for 12 months of expenditure totalling £1.360 12024 - £4.5151. The level of reserves are £138,625 12024 £134,308) at the end of the financial year. Structure. Governance and Management Goveminy Document The Trustees of The Ellie Penrose Fund are the parents, sibllngs, and coach of Ellle. The Trustees liaise to conslder every application made to the Fund. Trustee Selectlon Methods No recruitment of new trustees is envisaged. Additional Note None of the trustees a￿ paid and all of the money raised goes directly to individuals requesting sponsorship. No other charities or organisations are involved. Reference and Administrative Details Trustees Mr Thotna5 Penrose - Chair Mrs Pauline Penrose Trustee Mr Matthew Penmse - Trustee Page I The Ellle Penrose Fund Trustees. Report (continued} For The Year Ended 31 October 2025 Mr Oliver Penrose Trustee Mrs Grace Hildreth - Trustee Mr Karl Jackson Trustee Charity Number 1164073 Principal Address Ea5tgate House Newgate Street Cottingham HU16 4RN Accountants RKH Accountants Harland House Back Lane Burton Pidsea East Yorkshi HU12 9AN Page 2 The Ellle Penrose Fund Trustees. Report (continued} For The Year Ended 31 October 2025 The trustees, report was approved by the board of trustees and signed on its behalf by.. Mrs Pauline Penrose Trustee 1110812026 Page 3 The Ellle Penrose Fund Accountant's Report For The Year Ended 31 October 2025 Accountant's report to the board of trustees on the preparation of the unaudited statutory accounts of The Ellie Penro$e Fund for the ye)r ended 31 October 2025. In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of The Ellie Penmse Fund for the year ended 31 Ottober 2025 which tomprise the Statement of Financial Activities (including Income and Expenditure Account). Statement of Financial Position and the related notes fmm Lhe charity's accounting records and from information and explanations which you have provided us with. This report Is made solely to the board of trustees of the charity, as a body, In accordance with our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of The Ellie Penrose Fund, and stote those rnatter5 thot we hove ag￿ed to State to the board of tru5tee5 of the charityi a5 o bodyi In this report. To the fullest extent permitted by law, we do not accept or assume ￿sponSibl11tY to anyone other than The Ellie Penrose Fund and its board of trustees, as a body, for our work or for thls report. It is your duty to ensure that The Ellie Penrose Fund has kepi sufficient accountlng records and to prepare statutory financlal statements that give 3 true and fair view of the 3ssets, liabilities, financial position and surplus or deficit of the charity. You consider that The Ellie Penrose Fund is exempt from the requirement to have a statutory audit or an Independent examination for the year ended 31 October 2025. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting record5 or infortnation and explanatlOn5 you have given to us and we do not, therefore, expre55 any opinion on the financial statements. 1110812026 RKH Accountsnts Harland House Back Lane Burton Pidsea East Yorkshire HU12 9AN Page 4 The Ellle Penrose Fund Statement of Financial Activities For The Year Ended 31 October 2025 2025 2024 Unrestrlcted Unrestrlcted funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Investments 1,140 4,537 1.170 5,677 1,170 EXPENDITURE ON: Raising funds Ch3ritable activities.. 13601 11281 Amateur sport rec￿atIon 11,0001 14,3871 11,3601 14,5151 NET INCOME/{EXPENDITURE) 4,317 13,3451 NET MOVEMENT IN FUNDS 4,317 13,3451 RECONCILIATION OF FUNDS: Total funds brought forward 134,308 137,653 TOTAL FUNDS CARRIED FORWARD io 138,625 134,308 The notes on pages 7 to g form part of these financial statements. Page 5 The Ellle Penrose Fund Statement of Financial Position As At 31 October 2025 2025 2024 Unrestrlcted funds Total funds Notes CURRENT ASSETS Debtors 278 63 Cash at bank and in hand 138,707 134,245 138,985 134,308 Creditors: Amounts Falling Due Within One Year 13601 NET CURRENT ASSETS (LIABILITIES) 138,625 134,308 TOTAL A$S￿s LESS CURRENT LIABILITIES 138,625 134,308 NET ASSETS 138,625 134.308 FUNDS OF THE CHARITY Unrestricted Funds 138,625 134.308 TOTAL FUNDS io 138,625 134.308 The financial statements were approved by the b03rd of trustees on 11 August 2026 and were slgned on its behalf by.. Mrs Pauline Penrose Trustee The notes on pages 7 to 9 forrn part of these financial statements. Page 6 The Ellle Penrose Fund Notes to the Financial Statements For The Year Ended 31 October 2025 l. General Information The Ellie Penr05e Fund 15 a charitable incorporated oryani5ation registered with the Charity Comwission, registered charity number 1164073. The principal address is Eastgate House, Newgate Street, Cottingham, HU16 4RN. Accounting Policies 2. 1. Basis of Prepar•tion of Firtancial St•tements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 "Accounting and Reporting by Charifies.. Statement OF Recommended Practice applitable to tharities preparing their atcounts in accordance with the Financial Reporting Standard applicabl& in the UK and Republic of Ireland IFRS 1021 (effective I january 20191. Financi31 Reporting Standard 102 "The Financi31 Reporting Standard applicable In the UK and Republic of Ireland and the Charitie5 Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestrirted funds that have been set aside by the trustees for a specific purpose. Restricted funds are to be used for specific purposes as laid down by the donor. Further explanation of the nature and purpose of each fund is included In the notes to the financial statements. 2.3. Incomlng Resources All incorne Is recognised In the Statement of Financi31 Activities once the charity has entitlement to the funds, it 15 probable that the Income will be ￿ceiVed and the amount can be measured ￿lIablY. Income received for ser¢ices provided is accounted for on an accrual basis. Donations, gifts and legacies are included In the income and expenditure as received. Any significant non-cash donations are included In the Income and expenditure account at the trustees estimate of market value at the tirne received. The value of voluntary help is not included in the accounts. Grants and other funding of a revenue nature are deferred and released to the income and expenditure account over the period to which they relate. Bank interest is included in the income and expenditure account on an accrual basis. 2.4. Resour¢e$ Expended Liabilities are reeognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is pmbable that a transfer of e¢ontsmic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. whe￿ costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grnnt5 offered Subject to conditions which have not been met at the year end date are noted a5 a cornmitment but not accrued as expenditure. 2.5. Cash and Cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid Investments that mature in no more than three months from the date of acoulsltlon and are readily convertible to a known amount OF cash with insignificant risk of change in value, and bank overdrafts. 2.6. Taxatlon The charity is exempt from tax as all its income is charitable and applied for charitable purposes. Income frrjm Donatlon$ and Leyacle$ Page 7 The Ellle Penrose Fund Notes to the Financial Statements (continued) For The Year Ended 31 October 2025 2025 2024 Unrestrlcted Unrestrlcted funds funds Donations and gifts 1,140 1,170 4. Investment Income 2025 2024 Unrestrlcted Unrestrlcted funds funds Bank interest receivable 4,537 S. Analy$i$ of Expenditure 2025 Grant funding of activities Support costs (see note 61 Total Raising funds Atnateur 5POrt recreation 360 360 1,000 1,000 1,000 360 1,360 2024 Grant fundlng of activities Support costs (see note 61 Total Raising funds Amateur sport recreation 128 128 4,387 4.387 4,387 128 4.515 6. Support Co$t$ 2025 Raising fund$ Genernl admlnistntion 360 2024 Raising funds Gener31 administ￿tIon 128 Page 8 The Ellle Penrose Fund Notes to the Financial Statements (continued) For The Year Ended 31 October 2025 7. Average Number of Employees Average number of employee5 during the year was.. NIL 12024.. NIL) 8. Debtors 2025 2024 Due within one year other debtors 278 63 9. Creditors: Amounts Falling Due Within One Year 2025 2024 Accruals and deferred income 360 10. Movement In Funds Asatl November 2024 Asat31 October 2025 Income Expendlture Unrestricted funds General.. General unrestritted fund 134,308 5,677 11,3601 138,625 Totsl fund$ 134,308 5,677 11,3601 138,625 Asati November Asat31 October 2024 2023 Income Expenditure Unrestricted fund5 General.. Gener31 unrestricted fund 137,653 1,170 14.5151 134.308 Totsl funds 137,653 1,170 {4,5151 134.308 11. Transactlons wlth Trustees None of the trustees received any ￿MUneratIon or any other benefits from an employment with the charity or a related entity during the current or previous year. No trustee expenses have been incurred. 12. Related Party Dlsclosures During the ye3r £Nil w3S P3id to P Penmse as reimbursement for expenditure paid for personally on behalf of the charity. 12024 - £1281 Page 9 The Ellle Penrose Fund Detailed Statement of Financial Activities For The Year Ended 31 October 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and gifts 1,140 1.170 1,140 L,L70 Investments Bank interest receivable 4,537 4,537 5,677 L,L70 EXPENDITURE ON: Raising fvnds Accountancy fees Sundry expenses 13601 11281 13601 11281 Charitable Attivities: Amateur sport reereatlon Grants to individuals 11,0001 14.3871 11,0001 14.3871 11.3601 14,5151 NET INCOMEI(EXPENDThURE) 4,317 13,3451 Page 10