2025-03-31-accounts

Coinpans, registration nuniber.- 10562824 ('liarily r¢gislralioii iiuinber." I1734$4 The Hub at Gladstoiie Ltd IA ¢on)pany liiiiited bv gLiai'anteel Anniial Report and Financial Stateiiients tor tlie l-ear Ended 31 Nlarcli 2025 l.G. lllalk.er & Co. l.iiiiited 1 ga 14ibli Stre¢l Clai, Cross Cliestei'field Derbi'sliire S4) 9DZ

The Hub at Gladstone Ltd Contents Reference and Adniinistrative Details Tnistees, Report 2to4 Independent Exaiiiiner's Reporl Staienienl of Fiiiancial Arlivitie5 6t07 Balance Sheet Notes to the Financial Statements 9t0 19

The Hub at Gladstone Ltd Reference and Administrative l)etails C'.hairman Ms Tait Mrs tlniielle Dilloii C.h#rity Regislratioii N'tsmber 117i454 C'onipan!. RegistrAtion Nuniber 1056?¥24 Tlic charity is iiicorpoi'ated li) Wales. Gladstone Buildings Broadles's Clay Cross Cl)esterfield Derb)'sliire S45 9JN Registered Office Independent Examiner l.G. Walker & Co. Limited 119a Higli Streel Clay Cross ClILslerfield l)erb}'sliirc S45 9DZ A¢countants 1.(i. Walker & Co. Lirniled 119a14i¥li Sireel Clay Cros5 C"Ii¢slerfield Derb)"shire S45 qDZ

The Hub at Gladstone Ltd Trustees, Report Tlie trustees. H'ho are directors for Ilie purposes of coii)panv law,, present Ilie aniiual report tOLyeiher w'itli Il)e finaiicial staien)enls of tlie charitable company for the year ended I I hlarcli 2025. Objectii'e5 ond Ac¢ivitie5 Piibli<' benif. Il Tlie Hub at Gladstone is a Coii)pany Liiiiited bv Guarantee and a re¥isler¢d Cliaritv tl)at exists to stiinulate ¢ivic interest and a sense of pride in ai) area ivliicli is lieavily deprived of it5 past industries and cultural Iieritage. Tlie cl)arit)' M'ill provide a place for people aiid cliildren io nieel. 10 excl)ange ideas. lo sl)are artislic a¢liieveiiieiits ai)d develop coini)iunily spiril. The tru>lees coiifiriii that the! have coiiiplied M'itli ihe reqiiireiiieiils of seclion 17 of the Cliarities Act 201 I to l)ave due regard to ihe piiblic benefit guidance publislied b). Ilie Cl)arity Coiniiiission for England and Wale5. Trustees And o￿lcerS Tl)e trustees and ofticers serviniF during Ilie )-ear and since Il)e vear end M'ere as follows- Trustees- Mr Jaines Duncan Gla2ebrook Iresigi)ed 31 Jul), 20251 Nlrs Julie Anne Goodm'in Mr Andreii, Keitl) Goodw'in Ms C<irissa Jade Harrison Mr Ri¢liard Godley Ir Trvslan Tav¢iier Cliairn)an-. Ms Tail Mrs Clare Loiiise Glazebrook. Iresii¥ned .1 l Jiili. 20251 Mrs Annelle Dilloi) Structiire. goi'ernaDrt and management Financiol instriiments Objeclii'e.4 ¢iiiilpi)liL'ie.I Tli¢ ¢liarily's a¢tiirilies eNpo%e il lo a niiiiiber ol. tiiiancial risks iiieludii)gT credit ri%k'. casl) tILliV risk and liquidity I'isk.. Tlie use ol" tinaiicial d¢i-ivali¥'es is LToverned by tlie cl)aril)' s poli¢ies approi'ed tlie board ol. trustees. which proi'ide written priiiciples 01) Il)e Lise of financial dei'ivatives lo ii)anai?e these risks. The charity does not Iise derivative tinancial instrliinenls for speciilative piirposes. Cii.¥h]Iiiii' ri.sk The chai'ity, s aclivilieb expose il pi'iinarilv to ihe finaii¢ial risks of cl)aiigies in foi'eigTlI Cill'i'eiicy excliaiigve rates aiid inlerest raies. The chi¢ I'iti, uses foi'ei¥n ei¢hAngFe fori¥ard contracts &1nd intei'est I'ale SW¢lP COI)117Qts to hedge tl)ese exposures. Inlei'est bearing assets aiid liabilities are lield al fi.xed raie io ei)sui'e certaiiil! of casl) flom's. Pagye 2

The Hub at Gladstone Ltd Trustees, Report Cieilit risA- Tlie chari(y s principal financial as5et5 are bai)k. balaiices and Lasl). trade ai)d ()tlier receiN'ables. and invesli))eiilS. The cliai'its s ci-edir risk is pri1nari1￿ atti'ibulable l<) ils t12de receiN'ables. Tlie aiiiouiiis prcsei)led in the balance sheet are iiel of alloiyances lur doiibifiil recei'ables. An alloi%'ance for iiiipaii-iiienl is iiiade whei'e theTC is an identified loss evei)l M.'hich. based on IirevioLlS experieiice. is evidence of a rediictioii in the recoverabililv ol'the casli tlows. The credil risk. on liquid fuiids and derivatii'e finaiicial instruments is liiiiitcd becaiise tlie coiinterparlics are bai)k8 ivith IiiLTli cr liquidilJ I'isk cali be louiid iii Ilie Staleiiienl of aCCOLintiii¥ policies iii Ilie tinancial staleinenls. St#¢enieiit of tru5tees' responsibilities The Iriistees IM'I)0 are 8150 tlie directors of T]ie Hub at Gladstone Lid for Ilie purposes of cc>mpanv lawl are I'espoiisible tc)r pi'eparii)g tl)e Irusiees, report aiid Ilie fii)aiicial slaleniei)ts in accordaiice iviili appl icable lai and Uniled Kin￿d01m .4ccoiintiiig' Standards 11 Ii)ited liingdoiii Geiierall> Accepted Accouiitiiig Praelicel. includiiig FRS 102 'Tlie Fiiiancial Reporting Slandard applicable in tlie IJK aiid Repliblic of Irelaiid" Tlie report and ac¢oiiii15 liaN'e beeii prepared in accordai)ce iviili Ilie pi'oi'isions in tlie Coiiipanies A¢t ?006 relaliiio to si))all conipanies. Compaiiv la￿. requires Ilie Iriistees lo prepare fiiianLial slalenieiils for eacl) fii)ancial l'ear. Iliider coi)Ip&iiv laH' the Iruslees IilLlSt not approve tl)e fiiiaiicial staleiiieiils iinless ilie!, are satisfied tl)al Iliev give a Irlie and fair vieii. of Ilie state uf aftairs ot. tl)e el)arilable coiiipai)y ai)d ol. tlie incoi)ijiin resources aiid applieaiioi) (It. re50Lirces. includii)Il Its incoiiie and eipeiidilure. of the eliarilable ccii))pany tor Ilial period. Iii prepariiiL Il)ese tii)ai)cial slalenieiils. tlie ti'iislees are reqiiired io.. selecl suitable accounTinL policieb and appl). tl)eni coiisislentlv; obserK'e Ille iiietliodq and i)riiiLiples iii il)e ("l)ariiies SORP: make jiidgienieiiis and estiniales Ihal I1re reasonable and priidei)I: Stale ii'lietlier ai7plicable acLviinlinci standards. IOIllPfiSillislatioi) in oilier juri5dictioiis. Small conip#iiie.s i)roi'ision statement Tliib I'eport li<25 been i?repared iii ccol'daiice wilh the sni<q11 c()iiipaiiies re&¥inie linder tlie Conip14 nies .4¢12006. PagFe I

The Hub at Gladstone Ltd Trustees, Report Tlie aniiual report w'as upproved by tlie trustees of ilie cliarily on 26 Septeniber 2025 and sioned on ils belialf bv= Ms Tait Cliairimaii Pagye 4

The Hub at Gladstone Ltd Independent Examiner's Report to the trustees of The Hub at Gladstone Ltd ('the Conipanv,) report to tl)e ¢liarit)' tr1151ees on lily exaiiiii)aiion ol. Ilie accounts of Il)e ('oiiipaiiy tor Ilie }'ear ei)ded 31 Nlai'¢li 202$. Responsibilities and ba515 of report As tlie charit) s IrLislees of tlie Coiiipuii), laiid also ils directols for tlie PLirpose5 of conipaii). lawl )'OLI are responsible for tlie pieparatioii of ilie accouiils in accurdaiice ivitli tl)e requirciiients of tl)e Coi)Ipanies ALI 2006 i-llie 2006 Act- l. 14aving satisfied iiiv.self Ilial tlie accouiils of tlie Conipaii! are not required to be audited under Pari 16 ot" tli¢ 2006 Acl aiid are elic¥ible tor iiidepei)denl e.xai))inalion. I report iii I'espect of iiiy exai?ii1181ioi) ol.your cliarit). 5 accounis as carried out under sectioii 145 ol. Ilie Cliariiies Act 2011 i-llie 2011 Act-l. In carTh'ii)¥) oul Iiiy examination I have folloived the Dire¢lions gjjk'en bv tlie Chai'ity Coniniissioii Liiider section 14$1 S Ilbl of ilie 2011 Act. Independent exAminer's stateinenl lave ¢onipleted ni}, exai)iinaiioii. I coi)finii tl)at iio niallers Iiave eonie to ni). attention in coi)Iie¢tioi) 14.iili Ilie exaii)inaiion Liiving) ii)e Cause to believe.. accouiiting records ￿'ere iiol kept ii) respect of Tlie Hiib al Gladslone Ltd as required by section 386 of the 2006 Act.. or 2. the accounls do i)oi accoi-d iviih those records.. 01- the accounts do Iioi co111pI! ￿'it7] Ilie accouiitiii(s requirenieiils ot sectioll J96 of tlie 2006 .4cl oilier tl)an any reqiiireiiient Ilial Ilie accouiiis iyivc a -tILie ar)d laii. vieiy, ii'liicl) is Iiot a iiialter coiisidered as parl of an independeiit exaniiiialiun.. or 4. Ihc acloiinlb liave not bccn prepai'ed in accoi'dance with tlic Iiieihods and pi'inciples of ilie Sialei)ieni of RcLoiiimei)ded Praclice for accoiinlinLT aiid reportini, b). Lhui"ilies {applicable to cliarities prcparinc, their accoiinls in accordance H'iih tlie Findncidl Reporting Siaiidai'd applicablc iii Il)e LIK and R¢public of IrLlaiid IFRS 10211. I l)aN-e iio coiiLei-11s and l)ave coi)ie aci-oss iio oilier Inallers iii coniicclion iviil) Il)e exaiiiiiialion to ii,liiLh Attention slioiild be di'aivn iii tliis repoi1 in ol'der to eiiable a pi-oper iiiidei-siandini ()f Il)e accoiiiils ro be I'eaclied. N.l.(i. Walker &. Co. L.iiiiited 11 ga HiLih Sireel Clai, Cri)ss Cliesterficld Derb)'sliii'e S45 9DZ ?6 Sepleiiiber 20?$ Pag¥e 5

The Hub at Gladstone Ltd Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statenient of Total Recognised Gains and Losses) Ilnrestri¢ted fiinils Tot*1 202.$ Note Incon)e and Endownients fron): Donations and leg4icies Otlier trading activities 2,914 54.524 2.914 Total income $7.4.; Exi)enditure on: Raising t.unds Cliaritable aLlivilies Other expcnditiire 142.7071 11.440) 1.3_).J461 (42.7071 1.4401 ()).)461 Total expendiliire 177.49.)) (77.49.3) Nei expeiiditure 120.0551 120.0451 Net iiiovement in funds 120.0451 (20.0$51 Retonf iliation of funds Tolal fiiiids broLig¥hi forivard 15.589 Total fuiid5 carried fornl'ard 16 Ilnrestricted funds Total 2024 Note Inconie #nd Endownients froin: Donations ai)d legacies her Iradiiiiy actii'iiies -ig.257 Total income 79.082 79.08? Expeiiditiire on: Raisin(T Ilinds Charitable activities Oihcr e.xp¢nditui'e 92.1011 19601 11.3.576 1?2.1011 1960) 5761 Total expeiiditLire 156.6J7 156.6)71 Nel incoine Nel nioveii)eiil in tunds RecoJi¢iliatioll of funds Total fui)ds broii¥lil forivard Total tui)ds Carried foThi'ard 15.589 All of tlie cliarilS s actii'ilies derive Iroiii coiilii)uing oi?eratioi)s durii)g¥ Ilie above livo periods. The notes on pa&Tes g to 19 toriii ai) jiilelyl'al part ol'il)ese tiiiancial stateii)enlg. Page 6

Tlie Hub at Gladstone Ltd Statement of Financial Activities for the Year F.n(led 31 March 2025 {InLluding Income and Exi)enditure AcLount and Statenient of Total Recognised Gains and Losses) The flinds break.doivii foi. 2024 is slioivn in nole 16. l-he iioies 01) pagTes 9 10 19 torii) ali inte yral pari ol. iliese tiiiaiicial slaleiiieiils.

The Hub at Gladstone Ltd (Registration number: 10562824) Balance Sheet as at 31 March 2025 2024 Nole Fixed Assets TaiigFible assets 12 3.6.35 4,849 C'urrent assets Debtors Cash al bank and iii hand 5.710 6.909 lJ_28il 28.606 14 C'reditors: .4niounts falling due within one vear 17401 5,417 Net eurrent assets 11,899 Net 8ssets 35.589 Funds of the cbAritv: Ilurestrict¢d income fund$ Llt)restricted fund5 35.589 TotAI funds 16 For tl)e tinaii¢iul year endin45 J l Nlar¢li 2025 Ilie Lliarily w'as enliiled lo exeinptii)n troiii audit linder section 477 ot'tl)e Coii)pai)ies Act 2006 relalin&y to siiiall coiiipanies. l)irectors' respoiisibilitie5.. The iiiei))bers hake iiot reqiiii'ed rhe ¢haritJ' lo obtain ai) aiidit of ils accoiii)Is for ihe }"ear iii qLieblion in accordance w'itl) sectic)n 476; and Tlie directors acknoH'ledg¥e tlieir resi)oiisibiliti¢.q tor coiiiplNinLT Illtli Ilie requireiiieiits of Il)e .4cl M'illi respect ti) accoiiiilin&* records ai)d Ilie prepai'aiioii of accoui)Is. Tl)ese fiiiai)cial slateii)ei)Is have beeii prepared in accordaii¢e w'itli Ilie special proi'isions relating to coiiipanies subjeei lo tl)e siiiall coi))paiiies reLiji)ie ivitl)iii Part 15 of Ille Conipaiiies Acl 2006. Tlie fiiiai)cial staleiiiei)ts oli paiyes 6 10 19 w'ere ¢1pprDved b), the IrLislees. and aiiiliorised for iSSLie 011 26 Seplei)Iber 2025 and si¥ned on tlieir belialf bv.. 1s Tail Cliaii'nian The iiolcs vn paises 9 10 19 loriii ali iiile(yral parl ol. Ili¢se tii)ancial gtateiiieiits. Pagje 8

Tlie Hub at Gladgtune Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Charily slatii$ I'he eharit). is liiiiited by LTiiaraiilee. ineorporaled iii Wales, aiid consequeiiily doe8 1101 l)ave bl)are capital. Eacli of Ilie Iruslees is liable lo Lonlribuie lli) aini)uiit i)ol exceedin&, £1 ti)w'ards Il)e assets of ilie Cliai'its" In Il)e eveiii of liquidatioii. The address of ils regiisiered office is.. Gladstone Bliildiii Broadlei's Cla), Cr05S Clieslei'tield l)erb>p.sliire S4! 9JN l-lies¢ financial staleinents M'ere autliori5ed fc)r issiie by the trustees cin 26 Sepleiiiber 2025. 2 A¢countiiig i)olicies SiitnmAn' of .signifJcant accouiiting iiolicie8 anil ke), xccoiintillg estimales The principal accoLinlin¥ policies applied in the pi'eparatioii of these fiiillncial Slatel￿entS al'e set oui below. These policies have beeii consislei)Il)' applied to all the yeai's pi'esented. Linle5b oiheniise staled. Siateiiien¢ of fonipliaiice Tlie fiiiaiicial sialeiiieiil% l)&ve beei) prepthred in accordaiice ii'iil) Accouiitiii£ aiid Reporliiiii bi, Cliarilies.. Sialenieni ot Re¢i)ninieiided Pracliee lapi)licable its cliarilies preparin¥ Ilieir aeei?uiits in accord&i)ce Mitli tlie Fiiiai)cial Repi)rtili￿ Standard applicable in ihe IJK aiid Repiiblic ol. Irelaild l FRS 10211 I issued in Oeiober 20191 (Cliariiies SORP IFRS 10211. Ilie Fiiiancial Reportll)gF Sraiidard applicable iii tlie IIK aiid Republic ol. Irelaiid I FRS 102) ￿lI]d Ilie Conipaiiics Aci ?006. Basis of pi'ei)xrAtioii Tlie Ilub ai Gladsliiiie Ltd iiieets the delinilio&i of a piiblic beiiefii eiilil), uiidei. FRS I O, Assets aiid liabilities are iiiilially reco&Tlii5ed al Iiistorical cosl or Ira115actioii iwalue Liiiless otlierii'ise 5raied iii Ilie relevai)t accountin polic!. r)otes. Coing coiicern Tlie triislees cniisidcr Iliat Iliere al'e no Iiiaiei-l¢l1 Lineei1aiiities abolit Ihe cliai'itv's abililv to coiiliiiiie as a Lioiiig conccrii iic)r ali). sji>nificl& lil ai-eas of Lincei1.2ii)ts' Ihal direct the Car￿ iiig i'aliie of £2sseis lield b) thc Lliarit!.. Inconie and elid￿￿'n1eT7tS All incuiiie is r¢coLTI)i%ed niice tlic cliariiv lias eiititlciiiriil lo ilie ii)c()iiie. li is probable tliat ilie iiicoiiie ii'ill be I'eceived aiid Ilie uiiioiiiil ol'tlie iiicoiiie reLeii'abl¢ cali be iiieasiirid reliabl),. Gi'iiiil.I rec'eii'iihl (iraiiis are recogiiised ivlieii tlie cl)aril) lik)s ali ¢iiiitlen)ei)I lo Ilie fiii)ds aiid anv eoiidilions linked io Ilie Liraiilq liave beeii iiiet. Il'liere pertori))aiice condili0115 are allaclied io (lie gjraiit aiid are ￿et lo be i))el. Ilie ii)Loii)e is I'ecogTI)ised as a lial)ilii>' aiid incliided i)11 tlie balanLe sl)eet as deterred iiicoiiie lo be relea.5ed. PagFe 9

The Hub At Gladstone Ltd Notes to the Fiiiancial Statements for the Year Ended 31 March 2025 Expenditure All e.xpendilure is rccounised once tliere is a le&Fal oi. constructive obliiyation lo Ilial expenditure. il is probable setilemL'nl is required and tliL" anlount Can be iiieasiired reliablv. All cos15 are allocaied lo tlie dpplicable expeiiditure lieadiniT ilial agg)regale 5iiiiilar cosis to Ilial caleliory. 11 Iiere costs cannoi bc directly attributed to particular headinJn Iliej" have been allLicalcd Dll a basi5 consistent ii'ith ihe usc of resL)urcc5. 11.itli central staft ci)sts allocated on tlle basis ot- liiiie speilt. aiid depreciation charL?c5 allocated oll ihe portion of ilie as5ei"s use. Othcr siipport Costs arc allocated based 01) tlie spread ot- 51aff costs. Riii.fiil￿flIXIl.% Tl)ese are cost.4 IllCLirred in atlracling voluiltary inconie. Ilie iiiaiiagciiieiil of invesÉiiient5 and 11i0se incurred in tradiiig activities tliat raise funds. Support costs SLlPPQrt costs incliide Central fui)¢lioiis and have beeli allocated to a¢livitv cosl calegories on a basis consistent ii'iil) tlie use of resouires. for eianiple. allocaling propert). ¢osts by floor areas. or per capila. staff costs by tlle lime speiil and oil)er cosls b> Ilieir usagie. Governanfe costs Tl)ese iiicliide the costs alti'ibliiable lo the cliarii!, s compliance witl) coiisliliilional aiid statiilory reqiiiremenls. incliiding aiidil. Strategic managTeiiiei)t and trLislees meetings and reiinbiirsed eipenses. Goi'erilnient gi'aDts Governii)ei)I gyraiils are reco(7iiised based on the accrual niodel and are iiiea5ured ai Ilie fair value of tlie asset received or receivable. Graiils are classified as relalinii either io reveniie or tu assets. Cirants relaliiigF to revenlie are recogyiiised iii ineoi)ie oN'er tlie period in iiliicli Ille I'elaied cos15 are recosynised. Grants relating lu xssel.q are I'ecoi?iii.8ed ol'ei tlie expecled iisetul lit.e of ille asset. V4'1iere pait of a gii'aiit relating lo ali asset is deterred. it 1% IEcobyiiised as deferrcd incoiiie. The cli&lrity is con.qidercd lo pass tlie tests sel oul in ParaLTraph I Scliedule 6 of Ilie Financc Aci 2010 and Illerefore il llieeis Ilie defiiiition of a charitablc coiiipany for IIK corporalion tax PLITposes. .4ccordiiiLI)', Ilie cl)arit)' is poteniiall). c.Ici)Ipl froiii la.ialion in respect of incoiiie or capilal vains received iviiliin catClTories covered b). Chapter .? Part I l of (l)e Ci)rporation Tax .4ct 201 O or secii0i1 ?56 of Ilie Taiation of CliariTeable Gaii)s Act 1997 lo ihe extenl tliat such iii¢onie or &Jains al'e applied e.xclusively to chaiilable purposes. Tangible fjxed assets Iiidiiiidual fixed asselb costiiiiF £0.00 L)r n)ore al'e iniliallj, recorded at cosl. le55 ai)v subseqii¢iit ac¢uinulaled depreciativii and .8ubsequeiil acciiiiiulaied iiiipairiiieilt losses. Depreciation and amortis#lioii Depi'¢¢il&liOli is proi'ided on taiigTible fixed asset5 so as to ivrile oll. Ilie cost or valualioi). le55 ali), esliiiialed residiial valiie. Lli'er theii. expected 115efiil econoiiiic life as f()Ilows'. Pab?e l O

Tlie Hub at Gladstone Ltd Notes to the FinanLiaJ Statements for the Year Ended 31 Mar¢h 2024 I"r#de debtors Trade debtors are anioiiiits due froni cuslon)ers for Inercliandise sold or service5 perforn)ed iii the ordAnan' course of busines.s. Trade debiors are reco¥i)ised iiiitiall), al il)e Irai)saetioii price. The), are subsequei)tly ii)easured at an)onised Cost USIIIL Ilie etTectI￿'e inlcrcst 11)eiliod. le%s provision lor iiiipairnieiit. .4 provisioii for 111¢ ii)Ipaii'iiiei)l ot irade debtors is established ii'l)eii Iliere is objcclive ei'idence thal the ¢liai-it5' will iiot be able io colle¢1 all ai))ouiils due accordiiiu lo Ihe oi'iCTiiial leiiiis of ihe Teceivable5. Cash and ¢asli equiTr'alents Casli and casli eqiiivaleiits coiiiprise casli 011 liand and call deposits. and oilier sliort-tenn l)iLTrhly liquid investiiient.8 tlial are readily CLiiiverlible to a knoii'n ai)iount of Cdsl) and are subject to ali illSiLTlllticaiil risk ol- cliange in i'alue. Borrom'ings Inieresi-beariiig boi-rom'iiigs are iiiiliall}' recorded ai fair value. iiel of tr2iisaction costs. Inleresl-bearin¥ borroM'in2s are siibsequenil), carried ai aii)ortised cost. Iviili tlie difference betii'een tl)e proceeds, t)et of transaction costs, and tl)e aiiioiinl du¢ on redeniplioii beiii¥ recognised as a cliarge to tlie Sialeiiiei)t of Financial Activities over the period of Ilie relevant borroii'ing.. Interest expense is recoonised oli tlie basi5 01- Ilie et*¢ctive inleresl iiieiliod ai)d 15 iiicluded in iiileresl payable ai)d sii)iilar cliarge5. Borroivin¥s are classified as CLlI'I'ent liabilities iinless ilie charit}. has an iineondilioiial ri¥lit io defer settlement of the liabililv for t least t￿.¢11.¢ Iiioiiihs i?fter ihe reporlii)<i date. Foreigi) exfli.?n￿e TraiisaLtions iii loreiiTlI curi'eiicies are recorded at tlie rale of ex¢liai)?e ar the date ul. Ilie ti'ansaciioii. Monetary, asseis ai)d liabililies deiioii)iiiated ii) toreiLYll ¢urrencie.q at tlie balaiice slieet date are repoited al ilie rates of exchaiiLie prei'ailiiig al Ilial dale. The I'esiilis of. oversccls opei'ation8 are ii'aiislaled ¢71 ilie avei?¥e rates of e.Icli&iiige diiring the pei'iod aiid their balanLL" slieelb at tlie ratLs Iiiliiig at ilie b4?laiice slieLi dale. E¥cliaiiLFc dillereiices arisiiiLF on 1rdn51alioii of tlie OPL'iiin¥ iiel assets aiid resiilts of overseas operatiollb al'e reported iii othei. coii)preliei)sive iiicoine aild accuiiiulated iii eqiiil!, l allribiited lo i)c)m-coi)Irolliiii. ii)teresls a5 appropriaiei. OtliLI excliaiigie dittereiices are rcLo¥inised iii Ilie Siaieiiieni of F.'ii)aiicial .4clivilics iii Ilie period iii ii'liicli tliey ai'ise except for.. I I cxclimnue differences on I1'an5aclioi)s eiitei-ed inlo lu hedbe certaii) foreiiwn ciiri-eiiL)' I'isks IseL above): L.xcIIJiiLie diffcicnceb arisiiiiT coinprel)eiisii'e iiicoiiie, aiid on &yains or losses i)n noii-nicinelar), ileiiis ii'l)icli are r¢coLyi)iqed in oil)ei' 3 I iii il)e case ol- Ilie coiisoliddted tiiiaiiLial slal¢i)ienl.q. ex¢liai)CTe dil-lereiices 011 iiic)iietar! il¢iiis receii'Jble Iroii) or pai'1( ble to a li)reiLFli opei'alii)11 loi. Ivliicli seiileiiieiii is iieitl)er plai)iied iiui. likelN' Il) IlCCLir Iil)eretore loniiiiig, reported iiiider eqLlit!'. Pabse I I

Tlie Hub at Gladstone Ltd Notes to the Financial Slatements for the Year Ended 31 March 2025 Fund sti'ucture Ilnrestricled in¢oiiie fuiids are gei)eral tund5 Iliat are aNailable for use al the trustees discretioii in furtl)erance of tlie objectives of tlie charilv. Fin4nci#l instriiments Cliissifieiiiei)ts entered inlo. Ai) equit>. inslruinent is ai)v coii(racl Iliai evideiices a residual inleresl ii) Ilie a55ets ot Ilie cliarity atier deductlllLJ all ol. 115 liabililies. Rec'()Ayniliciii iiiid mea.sHr¥nieiil All Iinancial aqqels aiid liabililies are iiiilially Iiieasured at trailsaclion price liiicludiiii. rransaction coslsl. e.Icepl for Iliose finai)cial asseis classitied as at tair Nalue IlirouLTli pi'otil or loss. Ivliicl) are initiall)i i)ieasLired ai fair 'alue {Ivliieh is n()riiially Ille ti'aiisaclioi) price excludinLP transaction costsl. 111)less the an'ai)gFeiiienl coiislilLltes finai)cii)c. Ir8nsaction. If an arrang￿en)ent consliliites a financing Iraiisactiot). the fiiiancial asset or financial liability is iiieasLired at the preseiil vallie of ihe fiitiire pa!.'Inenls di5coiinted al a iiiarkel rale of inleresi for a siiiiilar debi inslriim¢nt. Fii)ancial assel.q ai)d liabilities are onlv offset iii the sialeiiieiil ot- fii)dn¢ial po.qition 14'1)eii. and onl}, ii'lieii Il)ere exisls a le&Fall￿ eiilorceable ri(,lit to .sei oty ilie recogiiised ai))oiint5 aiid ilie cl)arity intends eiilier lu settle on a iiel basis. or io realise tlie assel aiid setile Ilie liabilitv qii)iulianeously. Fii)aneial asseis are derecc)ctrl)ised i¥'l)en and oiily iNheii al tl)e c(Inti'acliial ri,,lilS 10 the cash t10￿5 froin Ilie fiii¢iii¢ial (issel expii'e oi. are seiiled. bl Ilie chai'it}' Iraiislers io anoiliei. partv subsianiiallv all of the I'isks and reM'l¢rds of ow'nership of Ilie liiiincial asset. or cl Ihe charit!.. despite h?ii'ili¥ relhiiied some. bill noi all. signifieanl risks and rem'ards of oiinersliip. lias iransferred ¢onlrol of thc asset lo thnoiher partj,. Fiiiaiicial liabilities are derecoLlI]ised 01)Iv ivlieii Il)e obliLTaiiOli specified iii Ilie conli'acl is diseliargTed. cancelled or eAI)ires. Pabje l.

The Hub at Gladstone Ltd Notes to the Financial Statements for the l'ear F.iided 31 Mareh 2025 Debi iii.slriiiiienl.I l)ebt instruiiieiils i¥liicl) 11)eei tl)e t-olloiYin¥i c()nditions are subsequently iiieasured at ainorlised cost uqiiig Ilie etyeclii'e intere.si i)ietliod.. l al The contractiial reiiirn lo tlie liolder is l i l Iixed ainoiinl.. lil l a positiN'e fixed rate or A posilile variic ble rate.. or l iii l a coiiibination of a posilive or a neualive fixed renl oli f4iliire ev¢iils. other th&ln Ic) proleet tlie holder a¥¢lillSi Ilie credit delerioralion of tlie issuer or a cliangre iii ¢onlrTrl of the iSbLier. or to protect ilie liolder or issiier a{yainsl clianves in lei'ies applied bv a cei)Iral bank or ai'ising troni cl)an( Fes in relei'aiit taxaiii)11 or lam.. I l) Coniraclual provisioiis iiiav pen)iil Il)e exleiisi0i1 u1- tl)e leriii of tlie debi iiistruiiieiil. provided tliat Ilie relurii 10 tlit l)older aiid ali!. otlier coi)tractiial provisioiis api)lieable durin& tlie exleiided teriii saiisf). Ilie conditions ()t paragJi'ai)lis la I to Ic l. Debt instriiiiieiils Iliai al'e classified as pavable oi. I'eeeifvable wiiliin oiie veal. on iiiitial reco¥?nilion and which nieet il)e aboi'e coiiditic)ns are i)ieasiired ai Ihe iiiidiscoLinled ai))oiint of the C&ish or otlier coi)sideralioii expected to be paid oi. received. net of inipaii'ii)enl. Il'iil) Ilie exception of soii)e lieduincl iiisirui))ents. otl)er debi iiisti'iiii)eiils i)oi iiieeting Iliebe conditions are ii)casured at fair value IliroLigili prolii or loss. C'oiiiiiiiiinents ti) iiiakc aiid I'eceii'e Ioaiis iiTliicl) Iiieet the coi)diiioiis iiieiilioiied aboi'e are ii)eas111'ed ar cost (which n)a}' be nil I les5 Iiiipiiil-i)ier71. liii'e.Ilnieiih' InN'esliiients iii iion-coiil'ei'tible i)I'eterenie sliarcs and i)i)ii-puttablc ordiii#Tr or pretereiice 51iarc5 Iivliere sharcs air PLiblicl)' traded or rheir f2L li. valiie is I'eliJbly tneaslirable l al'e illeasiired at fair valLlC Ihi'oiii>h profil oi. loss. IAllieie fail. N'411iie Lanni)I be iiie14 siiird reliabli.. in￿eStI7}entS air Iiie¢lSLired 111 cc)st less iiiipaii-117eiil. Ini'esliiieiits iii .%iibsidiaries aiid associates are IiiedSLlI'ed al Cobt le5S iiiii)airiiieiil. Fc)r ini'eslnienls iii subsidiaries aciiiiired li)r coi)sidei'atioii IiiclLidiiiL ilie issue ol- sliares qualilN'ji) l()r niei'iTer reliel.. cost i.s niea5ured bv refereilce lo ilie iioiiiinal valiie nf Il)e sliare.s issiied pliis tair vallie ()t' oilier considei'ali()1i. ,4iiv preii)iuiii 15

Tlie Hub at Gladstone Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Derii'iilii'ejiiilliiciul iii.slriiiiieiil. Tlie cl)aril)' use5 derivaiii'e financial iiistrullicnls lo reduce exposure lo t-oreigii) exclian&¥e risk and inlcrcsl rale Inoveiiieii1s. Tlie cliai-ily doe5 not huld or issue derivat1￿C tinancial i115truiiieiils for Speculative purpose5. Derivatives are ii)itiallv reco¥nised at fair valiie al the date a derivnlive contract is entered inlo aiid are subseqiientlv reiiieasured fo tlieir fair iialue al each reportinLF dale. Tlie resuliing gain or1055 is recoltrnised in slaleiiienl of financial aciivilie5 iii)niediatelv uiiless rlie derivative is desiL7naled and effective as a l)edgiji)LY inslrui)iei)l. iii ii'liicli evenl Ille liniing of tlie recogTnilioi) in slateiiient of financial aeiivilies depends on tl)e iialure of tl)e l)edLye relalionsl)ip. Fiiir i'ulue nieii.iiiienieiil Tl)e best evidei)ce of fair value is a quoied price for an identical asset iii an aclive niarket. Ivlieii quoted prices are unavailable. Ilie price of a recent transdclion for an identical assel provides evidence of fair value as loiiii as tl)ere lias nol been a si(TnjliLai)t ¢l)ange in econiiinic circuiiislai)ces or a SigTnificant lapse of tiine since Ilie transaction took place. If tlie mark.cl is nol actii'e and receiil trai)sactioiis of ali ideiitical asset 01) their ow]1 are not a good estiinale ot'fair value. tlie fair value is estiinated b!. usin¥ a valuati()n technique. 3 Income from dollAtions and legxcies [Inrestricted (ujids General Tolal fuiids Grants. ii)eludili￿ capital graiits: GLiv¢niiiienl giranls 2.914 ?.914 Toi#l for 202.5 ?.914 TolMI for 2024 .)9.825 4 Income frojn other tradiiig aclii'ities Ilnrestricted fuiids Geiieral T()t#l funds Tradiiig incoiiie.. Otlier Ii'adii)gJ iiicoiiie 54.524 54.$?4 Total for 202 54.524 54.524 Total for 2(124 Pagye 14

The Hub at Gladstoiie Ltd Notes to the Fiilancial Statements for the Year Ended 31 March 2025 -5 ExiieJ)diture on roising fuDds a) C'osts of trading actii'ilies Ilnrestritted funds General To(xA fuiids Note Costs ot" goods sold 24.965 TolAI foi. 202 24.96) TotAI for 2024 17.709 17.709 b) InN'estn)ent niaiiageIiient cost5 Ilni'esti'icled funds CenerAI funils Nott Allocaled .#iJPPL)n cosls 17.742 17.74? Total for 202$ 17.742 TotAI for 2024 Total cosls 6 Exi)enditure 01) charitable aclil'ilies [Ini-esti'icted fun(Is Geileril fun(Is Note ( iol'ei'iianee costs 1.440 1.440 Tolxl for 2024 960 960 exi>eii<litiire Iii addiliiii) to Il)e e.xpenditure aiialfvbed ab(Ii'e. there are als() g()i'ei'i)aiice cosls of £1.440 1*024 - £9601 IN'I)icl) I'elaie direLtly io cliarilable actii'ilieb. See iiote 8 for furrher dclail5. Pab?e 15

The Hub at Gladstone Ltd Notes to the Financial Statements for the Year Ended 31 March 202$ 7 Other exi)enditure Total fuiids Iyote Total for 202$ 8 An8lvsis of goi'ernAnce and sUPPOrt Costs GovernAnee costs (unds Total for 2024 PagFe 16

Tlie Hub at Gladstone Ltd Notes to the Fin&ncial Statements fur the Year Ended 31 March 2V25 9 Net ineoininglolltgaing resources Nel IoLilgToingli incoiiiing res()urces for tli¢ veal. ii)cludc'. 2025 l O Triistees remunerAtion an(1 expenses I l Tai#tion The cliarity is a reuistered clidrilv at)d is iherctore e.xeiiipl frojn laxalion. 12 T￿ngI￿le fixed Assets Furiiitui'e and equipmejit Total C'ost Ai l April 2024 9.482 9.48? Ai 31 Marcli ?02 9,482 9.48? Dei)Tecixtion Ai I tlpril *024 Cliar¥e for il)e l'ear 4.162 1.685 4.162 1.68) At .7 l Marcli 20? S,847 S.847 Net book i'alue At .31 Marcli 2025 At .1 l Mai'cli 13 Del)toi's 202.$ 2U24 Trade debioi's Oilier d¢bioi's 7.5 74 {1.¥441 17.6?81 l i.28.)1 14 ca.sh and rasl) eqiii)'alei)ts PaLie 17

The Hub at Gladstone Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 2024 Casli on lland Casl) ai baiik Shorl-tern) deposits 615 2.46.- 3.831 280 28.326 6.909 28.606 1 S CreditOJB: 4niouiits falliiig diie M'ithin one N'e•i' 202.$ 2024 Otller loans Otlier credilors 16.9171 1.500 740 740 15.4171 16 Funds Incoming resoui'ces Resources eAI)ended Balaiiee at 31 larch 202.$ .41)ril 2024 Iliirestricled funds General jf,$89 177.49.; Balanre at A April 2023 Inconiing resoiirce5 Resoiirces expen<leil lance Al 31 larch 2024 Ilnrestricted fund5 lieneral 13.144 79.08? 156.6 )7 17 Anal)'sis of net Assets betm'een funds Ilnreslricled funds General Total fiiiids At 31 ￿l￿rth Tai)iiible fixed assets C'urrenl as5els Ciirrenl liabilities 12.6.; 17401 17401 Total iiel astsels Page 18

Tl)e Hub at Gladstone Ltd Notes to the Finaiicial Statements for the Year Ended 31 March 2024 Ilnrestricted funds eneral Total fiiiids at 31 I¥qArch 2024 Tanliible fiyed assels Currenl assets Ciii-i-eni liabilities 4.849 25.323 S.417 4.849 i.417 Total nel assets 35.$89 IS AiiaJy515 of net fund5 .4¢ 1 .41)ril 2024 Ai31 ￿lArch Casli al baiik aiid iii haiid 28.606 28.606 Nel debi 28.606 Ai l .4pril 2023 At 31 llai-ch 21J24 Casli at bank. and iii haiid 9.424 9,424 Nel debt 9,424 19 Related i)art!, traiisaclions Page 19

Tlie Hub at Gladstone Ltd Statement of Financial Actii'ities b). fund for the Year Ended 31 March 2024 Unrestricted Funds Total Tot#l Ilnrestricled Ilnre$tricted Fiinds Flind$ 2024 IDconie #nd EndoTh'n)ents froin: Doi)aiions aiid legacies Oilier tradiii(y activities 2.914 19.825 Total illLonie 57.438 79.082 Expenditure OJJ: Raisiiig? t.unds Charitable activilies Otlier expenditure Total expenditure Net lexpeiiditiirellincome Nel movenienl in fui)ds 142.7071 11.4401 13.).3461 122.1011 1960) 13.3.5761 177.491} 156.6i71 20.0551 22.445 120.055 Reconciliation or funds Total fuiids brouglil fornvard Total fui)ds Carried toni'ard 15.589 This page does i)ol tc)riM part ol. Ilie Maluiorj tinaiicial siai¢i)ieiils. Pagtre ?0

The Hub at Gladstone Ltd Detailcd Statement of Financial Aetivities for the Year Ended 31 March 202.5 Tot81 2024 Inconje and Endowments fi'om: Donatioiis ai)d legacies lanal}'sed below'l l)Ilier traditi(. actiN'ities laiialysed beloivl 2,914 54.5?4 19.825 Tolal inLOlI)e 79.082 F.xpenditiire on: Raisiii(? tiinds lanalvsed below) Cl)aritable aclil'ilics l anall'sed beloH-) Oilier e.KpendiIu￿ iai)alvsed beloii) 142.7071 11.4401 13.1.3461 127 1011 19601 lij £761 Total expenditLire Net lexpenditureliincoi))e 177.4931 156.6.?71 120.0551 22.445 Net iiioveii)ent in t-unds 120.0551 22.445 Reconciliation of funds Total fuiid5 brou¥FI)I forivard 15.$89 Total tuiids carried torivard 15.5)4 This paL¢ does i)ot li)riii parl ol. Il)e statutory tiiianci¢il slaleiiieiils. Pa&ye 21

The Hub at Gladstone l.td Detailed Statement of Financial Activities for the Year Ended 31 March 2024 TotAI Total 2024 Dflltiilii)It.f lind leg>n(-ie.s Uk Goveri)n)¢nt vranls 2,914 -39.8?5 Ollier Iriiiliiisy ttcliiiilie.F Sale5 1)I"doiialed gyoods Reiilal ii)come Otlier iiicoiile 5.032 44.580 9,944 -314 54.5?4 RIiE.fiii&'fiin(l. Purcl)ases Direct ¢osts Advertising Oflice e.xpeiises Coii)piiter softivare ai)d niaii)ieiiai)ce costs Printing. posia&pe aiid statione Trade siibscripiioiis Suiidry expeiises Cl¢ai)ii)g' Coi)suliancy fees Bad debt8 iwirieii otl Bai)k cliargeb Depreciaiioii of plant and iiia¢l)iners' 1?0.9991 {i.966) 117.6091 IIOO 1.0741 1801 11.36.31 11.0051 1170 11.7611 11801 1541 114.- 112.6761 12341 4.141 {28SI i.l.f I 11461 16,61 14? 707 C"liiiriluhle cil'lii'ities AccountancN' fees 11.4401 19601 11.4401 19601 Uili(>r e.Ipeiiditiire Rent Raies IA'aler rates ,lii. lieai and p£}￿eT Insiirance Rei)airs and Iriieivals General iiiJinienance ?O.OOOi 120.0001 15f61 17.0801 19.6?21 (1.4.1.71 11.7171 11.0661 1.)ti.576} This pag)e does iiol tonii part ofihe slaiulory tii)&t)eial slaienieiils. Pa¥e 27