Registered CharTty No. 1172933 Company No. CE009923 THE WILLIAM BARROWS CHARITY A Charitable Incorporated Organisalion FINANCIAL STATEMENTS AND TRUSTEES. REPORT For the Year Ended 31 December 2025 INDEX Charity Information Report of the Trustees Auditors, Report Statement of Financial Activiiies {SOFA} 10 Balance Sheet Notes to the Financial Statements THE WILLIAM BARROWS CHARITY CHARITY INFORMATION YEAR ENDED 31 DECEMBER 2025 Official Nam The William Barrow's Charity rated Charity Commission.. Registered number.. Companies House.. Registered number.. clo Clerk to Ihe Trustees, 43 Park Road. Sittingbourne, Kent. A Charitable Incor anisation 1172933 CE009923 Address ME10 1DY s Names Mr. S.C. Batt Mr. G.A. Wetherell (Chair of Trustees) Alderman D. Dewar-whalley (Vice Chair of Trustees) Mr. R.P.R. Dixon Mr. E.G. Doubleday Mrs. J. Fairbrass Mr. G. Herbert Mr. J. Mair Mrs. C. Middleton Mrs. E Stickings (Appointed 13 February 2025) 10 Co-opted Trustees - by appointment int Inde Auditors UHY Hacker Young Chartered Accountants Thames House, Roman Square, Sittingbourne, Kent ME104BJ Bankers Handelsbanken Suite 5. 2nd Floor North. Fitted Rigging House, The Historic Dockyard, Chatham. Kent ME4 4TZ Page 1 THE WILLIAM BARROW'S CHARITY REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2025 The Truslees present their report and the financial statements of the charitable incorporated organisation (CIO) for the year ended 31 December 2025. The Trustees confimi that the report and financial statements of the CIO comply with the current statutory requirements. the requirements of the CIO'S governing document and the provisions of the Charrties SORP (FRS 102). In preparing the financial stalemenls the Trustees have considered the Charily Commissioners, guidance on public benefil. The Charity is exempt from the requirement lo pri)duce a statement of cash flows. Ob ects of t 1) The relief af persons, in particular but not exclusively. residenl in Ihe Parochial Parish of Borden who are in rseed, hardship or distress. in particular those aged sixty years or more. by.. a. making grants of money to them., or b. providing or paying for goods, services or facilities for them. or c. making grants of money to other persons or bodies who provide goods, SeNi￿S or facilities to those in need. 2) To advance the education of persons under the age of fvrfenty-five who are in need of financial assistance and are resident in the Parochial Parish of Borden. by: a_ offering support to local schools that is not provided by statutory authorwties, and b. awarding scholarships. bursaries and simitar awards to those going into tertiary education. Constitution of the Chari The Charity is incorporaled as a Charitable Incorporated Organisation, with the foundation document being registeied by Ihe Charity Commission on 09 May 2017. The Trustees have ensured that all activities throughout the year have been in the interest of public benefit. This is evidenced by the contribution made to the public totalling £174,817. The Trustees confirm that they have referred to the guidance contained in the Charily Commission'5 general 9uidance on public benefrt when reviewing the Charity's aims and objectives and in planning future activities. Grants= Relief of ersons Grants were made during the period to assist six pensioners. two disabled persons under the age of sixty and three persons under the age of sixty suffering hardship. all resident in the Parochial Parish of Borden. Financial assistance was also provided to.. the Parochial Parish of Borden.. St Peter and St Paul fortheir use of the Forge to provide community facilities benefitting the residents of the Parochial Parish of Borden. Grants.. Education and local schools Grants were made to forty-two students attending College and Universty to assist with living expenses. Grants were also made to Borden Church of England Primary School and Borden Grammar School. The Charity has not made any grant commitments of more than one year. tmen nv The Charity maintained investments in agricullural land and commercial and residential property. andconlinued to hold its investments in the financial markets. Page 2 THE WILLIAM BARROW'S CHARITY ENDED 1 DECEMBER 2 The Trustees have reviewed the Charity's reserves position. Total funds at the year end amounted to £12,276,559, comprising £11,239,052 held as permanent endowment. £25,000 as restricted funds, and £1,012,507 as unrestricted funds. Permanent endowment funds are held to generate income for the Charity's purpose5 and are not available for general expenditure. Restricted funds are subject to specrfic donor-imposed conditions and are therefore also unavailable for general use. as detailed in note 15. Free reserves are defined as those unrestricted funds that are readity available to spend on the Charity's ongoing activities. In assessing free reserves, the Trustees exclude funds tied up in fixed assets. as these are not readily realisable. At the balance sheet date, as detailed in note 13 analysis of fund asset5 and liabilities, unrestricted funds totalled £1.012.507. Of Ihis, £530,521 is represented by listed investmenls and £29,910 by debtors due within one year. Cash held wrthin unrestricted funds amounted to £524.934. After deducting creditors falling due within one year of £72,858, net current unrestricted assets amount to £481.986. The Trustees aim to maintain free reserves at a level sufficient to ensure the continuity of the Charity's operations and to provide a buffer against unforeseen circumstances. Based on currenl expenditure levels, the Trustees consider the existing level of free reserves to be more than adequate. The Trustees keep the reserves policy under perlocllc revlew to ensure it remains appropriate considering the Charrty's activities. risks. and future plans. anisational Structure The Trustees held four general meetings during the year. There were also several sub-committee meetings, wtth sub- committees authorised to deal with detailed matters as necessary. The Trustees keep their skill requirements under review. and in the event of the permanent retirement of a trustee, recommendations for replacement are accepted from existing trustees. In this way the Trustees can be confident that only persons with the requiied skills are considered. Once appointed new Trustees attend the next quarterly meeting. where they are briefed on their duties and responsibilities, and are given a brief outline of the history and background of the Charity. They are given a copy of the Charity Commission guidance "The Essential Trustee: What you need to know" and encouraged to visit the Charty Commission website. The Trustees applied to the Charity Commission during the year to amend the Constitutional Document to remove clauses that were no longer relevant and to clarify Clause 3.2 of the Objects. The changes were approved by the Charity Commission on 26 March 2025. The Trustees have considered the major risks to which Ihe Charrty is exposed and have reviewed those risks and eslablished systems and procedures to manage those risks. The Trustees are of the opinion that the Charity's exposuie to credtt li5k is very limrted. as rental income is spread over a number of properties, residential. agricultural and commercial. They are also of the opinion that the Charty has adequate cash resources to meet all short-lemi financial demands. In order to minimise market risk, the Trustees have delegated management of the Charrty's financial investments to a firm of financial Investment managers, and have carefully considered the level of risk they consider appropriate to the Charity's needs. The Trustees are aware that reserves in income funds are more than adequate to meet the Charity's likely level of expenditure for the foreseeable future, and are actively considering altemative means Df applying these reserves whilst maintaining the objects of the Charty. Page 3 THE WILLI REPORT OF THE TRUSTEES - continued Tru tees, re on inr n to the financial statements The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charrty's financial activities during the year and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charilies SORP (FRS1021 make judgements and estimates that are Teasonable and prudent, state whether applicable UK accounting standards (FRS102) have been followed subject to any departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose wrth reasonable a¢¢ura¢y the financial position of the Charity and which enable them to ensure that Ihe financial statements comply with the Charities Act 2011, the Charity {Accounls and Reports) Regulations 2008 and Ihe provisions ofthe governing scheme. The Trustees are responsible for safeguarding the assels of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor UHY Hacker Young has expressed its willingness to continue as auditors lo the Charrty. Approved by the Trustees on the 23rd day of April 2026 and signed on their behalf by.. Signed..... {Trustee} Signed.- {Trusteel Page 4 AUDITORS. REPORT TO THE TRUSTEES OF THE WILLIAM BARROWS CHARITY FOR THE YEAR ENDED 31 DECEMBER 2025 Opinion We have audiled the financial statements of The William Barrow's Charity. a Charrtable Incorporated Organisation, (the 'Charity') for the year ended 31 December 2025 which comprise the statement of financial activities, the balance sheet. and notes to the financial statements, including a summary of Sl9nificant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Slandards. including Financial Reporting Standard 102 Tlie Finaiicial Reporting Stai?dard applicable in Ihe UK and Republ￿ of Ireland (United Kingdom Generally Accepled Accounting Practice}. In our opinion the financial stalements.. give a true and fair view of the stale of the Charrt￿S affairs as at 31 Decembei 2025. and of its incoming resources and application of resources, for the year then ended", have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice, and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing {UK} (ISAS (UK) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section below. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audil of Ihe financial statements in the UK, including the Financial Reporling Council's Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance viith these requirements_ We believe thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In audrting the financial statements. we have concluded that the Tru5tees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on Ihe work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charitl.s ability to Continue as a going concern for a period of at least hvelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with ￿spect to going concern are described in the relevant sections of this report, Emphasis of matter in relation to property valuation We draw attention to Note 9 of these finanGial statements which gives detail about the range of values that may apply to part of the Charity's property portfolio. Our opinion is not modified in this respecl. Cxher information The Trustees are responsible for the other information. The other information comprises the information included in the annual report. other than the f inancial statements and our auditor's report thereon. Our opinion on the finar7cial statements does not cover the other information and, except to the extent otherwise explicitly staled in our report, we do not express any fomi of assurance conclusion Ihereon. Page 5 AUDITORS. REPORT TO THE TRUSTEES OF THE WILLIAM BARROW'S CHARITY - continued FO THE Other information - continued In connection wrth our audit of Ihe fi'nancial statements, our iesponsibilty is to read the other infomiation and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or Othe￿Ise appears to be materially misstated. If we identify such material inconsistencies or apparenl material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report lo you if, in our opinion- the information given in the financial statements is inconsistent in any material respect with the Trustees, reDorl'. or sufficient accountina records have not been keDt- or the financial statements are not in aoreement with the accountino records- or we have not received all the information and exDlanations we reauire for our audit. Responsibilities of Trustees As explained more fully in the Trustees, responsibilities statement set out on pages 3 and 4, the Trustees are responsible for the preparation of financial statements and for being salisfied that they give a true and fair view, and for such internal control as the Trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or eiror_ In preparing the financial ststements, the Trustees are responsible for assessing the Charitys abilty to continue as a going concern. disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate Ihe Charily or to cease operations, or have no realistic aliernative but to do so. Auditors. responsibilities forthe audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and lo issue an auditors. report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audil conducted in accordance with ISAS (UK) will always detect a material misstalemenl when rt exists. Misstalements can arise Ifom fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these f inan¢ial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of delecting irregularities. including fraud is detailed below-. Page 6 AUDITORS. REPORT THEW LLIAM CHARITY - continued E YEAR END 202 Capability of the audit in detecting irregularities, including fraud The objectives of our audit are to idenlify and assess the risks of material misstatement of the financial statements due to fraud or error, to obtain SLrfficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error.. and to respond approprialely to those risks. Based on our understanding of the Charity and the charitable sector generally, and through discussion with the trustees and other management (as required by auditing standards}. we identrfied the principal risks of non-compliance with laws and regulations and we considered the extent to which non