UK FRIENDS OF MASSEY Vn8udited Trustee's Report and Financial Statements For the year ended 31 December 2025 Charity Number 1179448 SENSITIVE CONTENTS Page Reference and Adrnlnistrative Details of the Charitv Twstee's Report Twstee responslbilities Statement Statement of Flnanclal Activities Balance Sheet Notes to the Flnancial Statements SENSITIVE RÈference and administrative details of UK Friends of Massey, the Trustees and Advisers For the year ended 31 December 2025 Trustees-. Timothy Kerr (Chairl Preston Wilson Michelle Murdoch Charlty Number 1179448 Principal Office 29 The Brambllngs, Little Chalfont, 8u¢kin8hamshire, HP6 6FN Bankers Lloyds Bank plc.. 2S Gresham Street, London EC2V 7HN Independent Examlner jason Foxwell. 12 Hillbourne Road, Poole, BH17 7J8 Sollcitors To be appointed SENSITIVE Trustee's Report For the year ended 31 December 2025 The Trustees present their annual report together with the financial statements of the charity for the year I january 2025 to 31 Oecember 2025. Ob'ectives and Actlvlties The main activity in 2025 was to advance education for the public benefit by assisting Massey University in its education and research objectives. Thls was achieved by fundraising for gifts intended for student scholarships and academic research. In Carrylng out the oblectlves of the charity, the trustees granted £3.52412024= £25.0001 to Student scholarships and the Vet Teaching Hospital at Massey University. Publlc benefit The Trustees have taken regard of the public benefit guidance provided by the Charities Commission. UK Friends of Massey had charitable purposes for the public benefit in the year en¢Jing 31st December 2025 because- 11 They support the advancement of education In general and the activitSes of Massey University, a tertiary educational institution. lil The benefits to the public are clear and include the education of students and the free dissemination of research results. iiil These benefit5 are related to the aim5 of UK Friends of Massey and include -advancing education for the public benefit by assisting Massey University in its education and research oblertlves.~ Iv) There are no obvious detriments or harms resulting from the activities of the educational in5titution5 that UK Friends of Massey support, whl¢h activities Include educating students, conductin8 research under ri8OTOUS and comrnonly accepted research protocols. and constructing f8cilities under the relevant local or national building and environmental codes. vl The ultTmate beneficiaries (student5 who attend the educational institutions, staff who carry out academtc research there) are appropriate to the aim5 of UK Frlend5 of Massey. vil The educational Institutions that UK Friends of Massey support are open to all who meet their academic standard5, regardless of the student's country of origin, religion, ethr*icity, or gender. vill The educational institutions that UK Friends of Massey support offer significant 5UPPQrt to people in poverty who meet their academic standards, including scholarships based on need which in addition to loans and direct governmental grant5 give people in poverty the opportunity to attend a5 students, furthermore their research results are normally available to be perused by. or applied for the benefit of, members of the public regardless of socioetonomlc statu and they offer public lectures on a regular basis at no charge. viill Any private benefits that might accrue are incidental. SENSITIVE Achievements and Performance Revlew of artlvlties Total capital raised Sn 2025 was £1,20012024'. £25,800). The principal fundlng sources Came from gifts from alumni and friends of the Massey University. The trustees intend to continue to encourage lfts and bequests from r*lumni and UK Frlends of the Massey University by means of personal approaches, aeneral Communication5, and special events. Flnanclal Review Posltlon at the end ol the reportln8 perlod The flnanclal p05Itlon of UK Friends at the end of the reportlng perlod of Massey showed a balance of funds a5 at 31 December 2025 of £58912024.. £2,986). Thls posltlon was malntalned re8ardin8 trLOStee's 'reserves pollcy, discussed below. Golni toncern After making appropriate enqulrbes, the trustees have a reasonable expectation that the charity has adequate resources to continue in operatlonal exSstence for the foreseeable future. Trustees ¢ontlnue to adopt the golng concern ba515 In preparlng the flnanclal statements wlth further detalls found In the Accounting Pollcles. Aeserve5 poIIcy The trustees conslder that the oble¢tlves of the charlty are best met by keepin8 reserves as low as P0$5ible by maximislng grants to the Massey Ur*iverslty Foundatlon. In additlon, trustees conslder the slze of any 8Ifts, thpir purpose. and any forthcoming expenses. Consequently, a formal reservln8 pollcy is not currently reqolred at this time. Structure Governance and Mana em nt Con5tStutlon The charlty was Sncorporated on 31 july 2018. The principal object of the charlty is to advance education for the public beneflt by a5515tin8 Massey University in Its educatlon and research objectives. Method of appolntment or el•ctlon of Trustees 111 Apart from the first charity trustees (who are appolnted for four years), every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. 121 In s*le¢tin8 individuals for appolntment a5 charity trustees, the charity trustees must have regard to the sk1115, knowledge and experience needed for the effectlve admlnlstration of the CIO. Organliatlonal structure and declslon maklng The trustees oversee the mana8ement of the charlty. Day to day operatlons are un(lertaken by Massey University Foundation. The trustees who served in the year and subsequently are set out in the legal and administrati informatlon section at the front of this report. SENSITIVE Administration and governance costs All fundraising, administration and governance costs are met by Massey University. Trustee's Res onsibS1ities Statement The Trustee5 are responsible for preparing the Trustees, ￿port and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practitel. The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming donations and application of these resources by the charity for the period. In PTeparing these financial statements. the Trustees are required to.. select sultable accounting policies and then apply them consistently. observe the methods and principle5 in the Charitie5 SORP. make judgments and accounting estimates that are reasonable and prvdent. prepare the financial statements on the going concern basls unles5 It 15 inappropriate to presume that the charity will continue in operation. The Trustees are responsible lor keepin8 proper aCCOLsnting records that are sufficient to show and explain the charity's transa¢tions and disclose with reasonable accuracy at any time the financial P051tion of the charity and enable them to ensure that the f1nancial statements cgrnply with the Charities Act 2011. the Charity (Accounts and Report51 Regulations 2008 and the provi5ion5 of the constitution. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable 5tep5 for the prevention and detection of fraud and other irregularities. This report was approved by the Trustee5, on 17 july 2026 and signed on their behalf by- Ms Ml¢hellÈ Murdoch, Trustee SENSITIVE STATEMENT OF FINANCIALAcfiviTIES For the year ended 31 December 2025 2025 Unrestricted funds 2025 Restricted income funds 2025 Total fund5 2024 funds Incomln Income and endowments from.. Donatlons and legacSes Total resources 1,200 1,200 1,200 1.200 25.800 25,800 sex ende Expenditure on.. Charltable artivitles Other Total 25 73 98 3,499 3,524 73 3,597 25.000 si 25,OSI 3.499 Net Income endlture Net movement infunds ex 1981 1981 12,2991 12,2991 12,3971 12,3971 749 749 Reconclliotlon offvnds.. Total funds brought forward Totalfvnds ¢arrledfvrword 586 2,400 ioi 2,986 589 2,238 2.986 The notes on pages 9 to 11 form part of these financlal Statements. SENSITIVE BALANCE SHE A5 at 31 December 2025 2025 Restrlcted Income funds 2025 Unrestrtcted funds 2025 Endowment funds Total 2024 Total 2025 Current assets Cash at bank and in hand Tott71 current ossets 488 ioi ioi 589 589 2,986 2,986 Tothlnet assets or liabilitles ioi 589 2.986 Funds of the Chari Restricted income funds ioi ioi 2,400 Unrestricted funds 586 Totalfvnds ioi 589 The financlal statements were approved by the Trustees ofi 17 July 2026 and signed by their behalf by= Michelle Murdoch ItrLÈSteel The notes on pages 10 to 12 forn) part of these financial statements. SENSITIVE Notes to the Flnanclal Statements For the year ended 31 December 2025 l. Basls of preparation 1.1 Basls of accountlng These accounts have been prepared under the historlcal cost conventlon with items recognised at ¢ob• or transaction value unless Otherwise stated in the relevant notes to these account5. The accounts have been prepared In accordance wlth the Statement of Recommended PractSce.. A¢countin8 and Reporting by Charitie5 preparlng thelr accounts in accordance with the Fbnanclal ReportlnB Standard appllcable in the UK and Republlc of Ireland IFRS 1021 Issued on 16 July 2014, the Flnanclal Reporting Standard applleable in the United Kingdom and Republlc of Ireland IFRS 1021 and wlth the Charities Act 2011. 1.2 Golng Concern After makln8 appropriate enquirles, the trustets have a reasonable expettatlon that the charlty has adequate resources to contlnue in operational existence for the foreseeable future. For this ieason, they contlnue to adopt the 80in8 concern basls In preparln8 the flnanclal statement5. 2. Accounting Policles 2.1 Income All income Is recogni5ed by the charity once the charity becomes entitled to the Income, It Is more likely than not the trustees wlll recelve the Income and when the monetary value can be measured rellablv. 2.2 Expenditure Expendlture is recognlsed where it Is more Ilkely than not that there15 a legal or constructive oblSgat5on commltting the charlty to pay oijt resources and the amount of the obli8ation can be measured with reasonable certainty. 2.3 Cash at bank and in hand Cash ai bank and in hand includes cash and short term highly Ilquld Investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or simllar account. 2.4 Financlal lrtstruments The charlty only has financlal assets and flnancial liabilities of a klnd that qualify ag basie flnancial instruments. Basic financial Instruments are recognised at transaction value and subsequently measured at their settlement value except for bank loans which are subsequently measured at amortised cost usin8 effective interest method. SENSITIVE Notes to the Flnanclal Statement5 For the year ended 310ecember 2025 2. Icontlnuedl 2.5 Fund Accounting Unrestricted funds are funds which are available for use at the discretion of the Trustees i furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are fund5 which are to be used in accordance with specific purposes agreed with donors or which have been raised by the charity for a particular purpose. 3. Analysis of Income from Donatlons 2025 Unrestricted fund5 2025 Restricted incorne funds 2025 Total funds 2024 Donations and legacies.. 1,200 1,200 25,800 TOTAL INCOME 1.200 1.2LKI Z5.81XI 4. Analysis of Expenditure on Charitable Activities 2025 Restricted income funds 2025 Unrestrlcted funds 2025 Total funds 2024 Ex enditure on Charitable Attivities Student Scholarships 3,099 3,099 Unrestricted Oonations 2S 25 Research Funding Total expenditure on charitable activities 400 25,000 25 3,499 3,524 25,lJJ) Other Ex enditure Credit Card fees Bank fees Total other expendittjre 28 45 73 28 45 73 20 31 51 TOTAL EXPENDITURE 98 3.499 3.597 25.051 SENSITIVE io Notes to the Financial Statements For the year ended 31 December 2025 Icontinuedl Slgnificant grants made during the year to Massey University Foundation: 2025 2024 Lush Prize Fund Advancement Fund Vet Teaching Hospital Dou8las Patton Scholarship Unrestricted Nursing Scholarship Alumni Hardship Scholarship Total 25,000 500 400 500 25 2.000 99 3.524 25.000 During the year no trustee received any remuneration. During the year no trustee ￿ceiVed any benefits in kind. Durin8 the yea¥ no trustee received any reimbursement of expenses. 5. Statement of Funds Balance at I Income January 2025 Expenditure Balance at 31 December 2025 General fund Total Unrestricted Funds 586 586 98 98 488 Restrltted Funds Nursing Scholarship Alumni Hardship Bursary Advancement Fund Lush Prize Fund Vet Teaching Hospital Regener3tive Farming David Hayman Research Douglas Patton Scholarship 500 Total Restrirted Funds 2.400 1,000 loo 5(KS 2,000 99 5C(I 300 200 400 loo 500 3,499 1,2 ioi Totsl Funds 2.986 I,zoo 3,597 589 6. Related Party Transactions There were no related party transactions. SENSITIVE li