REGISTERED CHARITY NUMBER: 1172695 ort of the Trustees and Unaudited Financial Statements for the Year Ended 5 A ril 2025 for The Ennismore Charitable Trust Peter Hodgson & Co. Chartered Accountants Shadwell House 65 Lower Green Road Tunbridge Wells Kent TN4 8TW The Ennismore Charitable Trust Contents of the Financial Statements for the Year Ended S A ril 2025 Page Report of the Trustees Independent Examiner's Report StatemeDt of Financial Activities Statement of Financial Position Notes to the Financial Statements 9 to 15 Detailed Statement of Financial Activities 16 The Ennismore Charitable Trust ort of the Trustees for the Year Ended 5 A ril 2025 The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The objects of the charity which are for the general public benefit are a5 follows= l) To advance the Roman Catholic religion mainly. but not exclusively by means of funding courses. conferences, scholarships, allowances or grants. 2) To advance the education of the public in the Christian relicvion in particular the Roman Catholic Church religion. 3) To advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time. Public benefit In cotnplying with the duty in section 17(5) of the Charities Act 2011 the trustees have had due reoard and referred to uidance contained in the Charity Commission's Cveneral Cruidance on public benefit when reviewing their aim and objectives and in planning their future activities. The trustees consider how planned aciivities will contribute to the aims and objectives they have set. Grantmaking & social investfflents The rri i%i*e& adnnted a CTr?ni ￿18￿1￿0 Pnl ic! dated ? l A nril ?n17 tn enqiire thar charilahle fiind< are *if ed eYclii¢ivelv fnr the public benefit. The trustees seek to satisfy themselves that each grant is made in ￿rtheranCe of a charitable purpose that offers an identifiable benefit to the public or a significant section of the public and that any private benefit that may arise to any person or cotnpany as a result of a grant is merely incidental. The trustees rnade a total of £1,338,51 l in grant payments to the following causes dunno the year.. £55,000 - Team Domenica £1 00,000 - Countess Mountbatten Hospice £40,000 - Catholic Marriaoe Care £12,000 - Genesis Perfonning Arts £132,137 - St Saviours RC Primary School £750,000 - St Oscar Rornero Catholic School £53,374 - Saint John Henry Newman Catholic Collecre £80,000 - Action Homeless Concem £10,000 - Society of Jesus £20,000 - Crisis UK £20,000 - Centrepoint Fundrdising £20,000 - Sight Savers £20,000 - St Mungo Community Housing £20,000 - The Salvation Arniy £6,000 - St Thomas of Canterbury Catholic Primary School All grants made were for purposes that fall within the charity's objectives. The trustees do not anticipate any possibility of private benefit from their grnnt making but shall be mindful of conflicts of interest or loyalty etc. Page I The Ennisrnore Charitable Trust ort of the Trustees for the Year Ended 5 A ril 2025 FINANCIAL REVIEW Financi21 position The trustees are satisfied with the perfonnance for the year and the financial position of the charity at the year end. The deficit for the year amounted to £1,438,409 which includes £1.338,51 l of charitable wtmaking. The balance on the general ￿nd at the year end amounted to £7,236,416. During the year the charity received £292,461 by way of interest incorne on its bank deposits. No income was received froTn its revocable interest in ihe incotne of a settlement from which its investment property was originally derived, but after the date to which these accounts have been prepared the trust received a final distribution of £249,000 in its capacity as the reversionary beneficiary. Additionally, no rental income is reflected in these accounts since, following the detennination in July 2022 by the erstwhile tenant's executors of the underlease over the trust's property at Flat 127 Ennismore Gardens and the remaining in occupation of an erstwhile housekeeper, no rent has been collected. Followino legal proceedtngs and a payment of a surn of money to the occupant the trust obtained vacant possession of the fla¢ this was sold for £1.320.000 before legal and professional fees against a book value of £1,300,000. The charity made grants of £l,JJ 8,51 I durino the year. The main expendi￿re comprised service charges on the property, costs of obtaining possession, legal and professional costs and the independent examiner's fee for the year. banK ana. casn tjaiances ai ihe year ena amounied 10 * 1.2i8, Iv l. Negotiations as betH'een some of the parties claiming an interest in the family portrait to which reference was made in last year's report have yet to be concluded this situation resulting in the successful bidder at the April 2024 auction declining to pay the harnmer price. Notwithstanding the complexities of the situation some progress can however be reported in that after the date to which these accounts have been made up encouraoino discussions have taken place directly as between the trustees and members of the consignovs family with a view to all parties agreeing to the painting being put up for sale at a further auction with a leading international house. With a view to consolidating the clairns of the trust and two other principal claimants the legal costs involved in its promotion have been financed by the trust on the basis that two thirds thereof will be recovered provided that the trust is successful in its clairn. Principal funding sources The charity's principal funding resources are those as stated above. Page 2 The Ennismore Charitable Trust ort of the Trustees for the Year Ended 5 A ril 2025 FINANCIAL REVIEW Reserves policy The trustees, policy as regards the maintenance of reserves is to ensure that at all times a prudent balance exists as between the long-tenn fmancial stability of the charity and the on-croing 5UPPOrt it aims to give to charitable causes. The balance on the general fund at the year end amounted to £7,236,416 after making grant payments of £1,338,51 l in the year. Following their disposal of the charity's main property and their decision to sell the flat once vacant possession had been obtained, the trustees have resolved to ￿adUallY apply the trnst's resources in line with their Objects and Grant Making Policy with a view to the whole of the charity's resources being so expended over the course of the next four years. In this connection, the trustees have fornied a Sub-committee to help identify potential beneficiaries and have made grants totalling £814,839 so far during the year endino 5 April 2026. The sub-committee continues to identify ￿rther charities which would benefit from support from the trust and envisages making further recommendations for grants to be made during the course of that year. Going concern At the time of approving the financial statements, the tn￿te¢S have a reasonable expectation that the charity has adequate resources to continue in operational existence throughout the period of four year5 during which as explained above it is envisaged the trust's resources will be wholly expended. accordingly the trustees have adopted the going concern basis of accounting in preparing these financial statements. l LJliL VLAN) The Irii&Tee£ are hniind ihe lenn< nf Trii