Sheldonia Charltable Trust Charity No. 1180427 Trustees. Report and Unoudlted Accounts 30 September 2025 SheldDnla Charitable Trust Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Attivities Balance Sheet 2to4 Note5 to the Accounts Btoll Page I Sheldonia Charftable Trust Trustees Annual Report The trustees present thelr report with the unaudited financial statements of the charlty for the year ended 30 September 2025. REFERENCE AND ADMINISTRATIVE DETAILS Charlty No. 1180427 Trustees The following trustees served durlng the year.. J.D. Boyd N.B, Harris P.G.E. Sheldon Accountants Pollock Accountlng Ltd 3- 4 Sentlnel Square London NW4 2EL OBJECTIVES AND ACTIVITIES Objectlves and alm5 The purpose of Sheldonla Charltable Trust I'sheldonla C.T.'I Is set out In the Object clause of Its governlng document dated September 2014: to advance such charltable purposes laccordlng to the laws of England & Wales) as the trustees see fit from tlme to tlme. Thls Object Is achleved by makin8 8rants In accordance wSth Sheldonla C.T.'s Grant Makin8 Pollcy dated October 2018 whlch states that Sheldonla C.T, does not Intend to operate Its own charitable artlvltles, ro provlde any charltable actlvltles of Its own. or to provlde dlrect grants to Indlvlduals or groups of Individuals Irrespective of whether maklng such grants would accord with Sheldonla C.T.'5 Object. Rather, Sheldonia C.T. wlll only provlde grants to charltles who are registered with the Charlty Commisslon of England & Wales, the Charity Commisslon of Northern Ireland or the Office of the Scottlsh Charity Regulator. The trustees subsequently clarlfled that In addbtlon grants may be rnade to charltle5 that have exempt status as speclfled In Schedule 3 to the Charitles Act 2011 or whlch are made exempt by other le8islatlon, e.8. Foundatlon, Voluntary and Academy Trust schools. The Grant Maklng Policy further provides that trustees wlll conslder making grants to promote the following: - Alleviation of poverty. Provision of care and asslstance to the elderly* Inflrm and / or non-able-bodiÈd. Undertaking of medlcal research to cure diseases and alleviate human sufferlng. Educational institutions, including schools, and educational Initiatives. - The practice and promotlon of Judaism among Jewish people for the beneflt of the publit in accordance with the belief that observance of the Jewish rellglon and engagement in jewish communlty Ilfe promotes ethlcal behaviour, enriches the lives of jews and contributes to the improvement of the world for all its Inhabitants. Page 2 Sheldonla Charltable Trust Trustees Annual Report Countering antisemitism in all its guises. Safeguarding of children and vulnerable adults. Promotion of ethical behaviour in business. The trustees confirm that they have had regard to the 8uidance Issued by the Charity Commlsslon on public benefit. ACHIEVEMENTS AND PERFORMANCE SiEnificant activlties DurSn8 the year the trustee made grants from Sheldonia C.T. to charltles amounting to £64,98012024.. £81,389) in accordance with it5 Charltable Object and Grant Making Policy. An analysi5 of the activity of those charitles Is provided in the Statement of Financlal Activities. All 8rants made were to registered or exempt charities in the Unlted Klngdom and all grants were to the recipients, unre5trlcted funds. The trustees continue to monltor the performance of Its investment managers, Cazenove, using approprlate benchmarks for charltable funds, target returns and market Indices, relevant to the risk profile, FINANCIAL REVIEW Investmeni performance Durln8 the year. Sheldonla C.T. received net rental Income of £65,81212024- £46,765) from Its Portfollo of Investment propertles In 8rl8hton whlch are managed uslng a local a8ent. The net rental yield after associated fees was 17.2% based on the current valuatlon, The trustee5 antlclpate that holdlng a mlx of Investment property and Ilsted Investment funds wlll generate a hlgher return than avallable from cash deposlts. The trustees con51der thls w511 contribute to the ongolng abllSty of 5heldonla C.T. to dSstrlbute funds to Brantee charities In accordance wlth its Grant Maklng Pollcy. The trustees contlnue to pursue a policy of dlstrlbuting substantlally all of the Income ari51ng on its investment assets by maklng grants to reciplent charities. The trustees currently adopt a conservatSve pollLy In dlstrlbutln8 reallsed and ￿n￿alISed 8alns on the Ilsted Investment portfollo. Financial posltlon Sheldonla C.T. has properties held for rental Income whlch are valued at £382,41812024,' £382,418). As at 30 September 2024, Sheldonla C.T. held listed investment funds wlth a market value of £432,24712024,' £395,247), bank deposit5 of £126,07612024: £I57,C￿l2) and a £50,00012024: Nlll two year Sterling denominated forelgn government bond. The trustees conslder the flnancial posltlon at the end of the perlod to be satlsfartory. The trustees are not committed to maintainlng the level of reserves In all scenarios and would be prepared to accept a diminutlon In rese￿e5 occasloned by making grants In excess of Income over annual perlods where there was a perceived 5pecifSc benefit to recipient charities from doing so. However, the trustees currently regard the main assets orlginally received from the estate of Mr Harris Sheldon to be long term re5erve5 somewhat akin to capltal and seek to maintaln the value of these for the present, althou6h fluctuations In value can be expetted due to changes in the value of investments in marketable securltbes and Investment pruperties. Taking the property assets at acquisition value and Investment fund5 at market value together with bank deposits. the total reserves at 30 September 2025 amount to £990,74112024: £934,667). Page 3 Sheldonia Charitable Trust Trustees Annual Report STRucfuRE, GOVERNANCE AND MANAGEMENT Govemln8 document The charlty is controlled by it$ 8overning document, a deed of trust and constitutes an unincorporated charity. Recruitment and appointment of new trusteès Trustees are selected based on their knowledge and experlence, Including professional experlence, of financial matters, of good governance and of charitable affairs as well as an assessment of their integrlty. New trustees are appointed by the current trustees as and when this is deemed approprlate. The reglstered title to the propertles held for rental incomels In the Joint names of the three trustees who hold the propertles on trust fDr the beneflt of the charity. Statement of trustees, responslbllltle5 In relatlot) to the financlal statements The tharity trustees are responsible for prepaTln8 a trustees, annual report and financlal statements in accordance wlth applicable law and United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practice). The trustees are responslble for keeping proper accountin8 record5 that dlsclose wlth reasonable accuracy at ny tlme the flnanclal posltlon of the charlty and to enable them to ensure that the flnancial statements comply wlth the Charitles Act 2011, the appllcable Charitles (Accounts and Reports) Re8ulatlon5, and the provlslons of the Trust deed. The Trustees are also respon51ble for safeguardlng the assets of the charlty and hence takSng reasonable steps for the preventlon and detectlon of fraud and other iTreBularltles. Sl8ned on behalf of the charlty's trustees P.G.E. Sheldon Trustee 31 March 2026 Pa8e 4 Sheldonia Charitable Trust Independent Examiners Report Independent Examlner's Report to the trustees ol Sheldonia Charitable Trust I report to the trustees on my examination of the financial statements of Sheldonia Charitable Trust for the vear ended 30 September 2025. Responsibilltles and basis of report As the charity's trustee5 you are responsible for the preparatlon of the financlal statements in accordance wlth the requirements of the Charbties Act 20111'the Act'l. I report in respect of my examinatlon of the charlty's flnancial statements carried out under section 145 of the 2011 Act and in carrylng out my ex?minatlon I have followed all the applitable Directlons given by the Charity Commlssion under sectlon 1451511bl of the Act. Independent examlner's statement I have completed my examination. I can confirm that no material matter5 have come to my attentlon In connectlon with the examlnatlon giving me cause to believe that In any materlal respect: the accountlng records were not kept in respect of the charlty a5 requlred by sectlon 130 of the Act,. or the flnoncial statements do not accord wlth those records; or the flnanclal statements do not comply with the applicable requlremÈnts concernlng the form and content of financial statements set out In the Charltles (Accounts and Reports) Regulatlons 2008 other than any requlrement that the fSnanclal statement$ glve a 'true and falr, vlew which Is not a matter considered as part of on Independent examlnatlon. I have no concerns and have come acr055 no other matters in connectlon wlth the examlnatlon to whlch attentlon Should be dr?wn In thls report in order to enable a proper understandlng of the flnanclal statements to be reached. Davld Pollock FCMA Chartered Institute of Management Accountants Pollock Accounting Ltd 3- 4 Sentinel Square London NW4 2EL 31 March 2026 Pa8e 5 Sheldonia Charltable Trust Statement of Financial Activitie5 for the year ended 30 September 2025 Unrestrided fund5 Total funds Total funds 2025 Z025 2024 Notes Income: Investments 133,611 133,611 107.765 Total 133,611 133,611 107,765 Expendlture on: Charltable actlvltles Raislng Funds Total 64,980 12,557 64,980 12,557 81,389 9,135 77,537 77,537 90,524 Net Income 56,074 56,074 17,241 Transfers between fund5 Net Sncome before other gJins111055es) 17,241 56,074 56,074 Other 8alns and1055es Net movement Sn funds 56,074 56,074 17,241 Re¢onclllatlon of funds: Total funds brought forward 934,667 934,667 917,426 Total lunds ￿rrIed forward 990,741 990,741 934,667 Page 6 Sheldonia Charitable Trust Balance Sheet at 30 September 2025 Charity No. 1180427 2025 2024 Fixed assets Investments 777,665 777,665 Current asseis Investments Cash at bank and in hand s0,C￿j0 126,076 176,076 176,076 176,076 176,076 157,002 157,CQ2 157,rxJ2 934,667 934,667 Net current a55ets Total a5$ets le55 current liabilitles Total nèt assets The lunds of the charlty Unrestrlcted funds General funds io 990,741 934,667 934,667 990,741 Reserves io Total funds 990,741 934,667 Approved by the trustees on 31 March 2026 And slgned on thelr behalf by.. don Trustee 31 March 2026 Pase 7 Sheldonla Charltable Trust Notes to the Accounts for the year ended 30 september 2025 l Accounting poli¢les Basis of preparatlon The financlol statements have been prepared In accordance WTth Statement of Recommended Practice: Accounting and Reportin8 by Charlties preparlng their accounts in accordance with the Financlal ReportinE Standard appllcable in the UK and Republic if Ireland IFRS 1021 Issued on 16 Ju5y 2014 and the Financial Reportlng Standard appllcable In the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change In basls of accounting or to prevlous accounts There has been no change to the accounting policies Ivaluatlon rules and method of accountin81 slnce last year and no changes have been made to accounts for prevlous years. Fund accountln8 Unrestrlcted fund5 These are avallable for use at the dlscretlon of the trustees in furtherance of the general objects of the charlty. Income Recognltlon of Income Income15 Included in the Statement of Financial Actlvltles ISOFAI when the charity become5 entitled to, and Is virtually certaln to receive, the Income and the omount of the income ¢an be measured with sufficient rellability. Income wbth related Where Income ha5 related expendlture the Income and related expendlture Is expendlture reported gross In the SOFA. Investment Income Investment Income frorn dlvldends and Interesi Is recognlsed when recelvable. Investment Income also Includes reallsed and unTealised galn5 and losses arlslng In the Investment portfolio up to the balance sheet date. Galns/llosse51 on Investmet)t assets Thls Includes any galn or1055 on the sale of Investments. Expendlture Recognltlon of expendlture Expenditure 15 recognised on an accruals basls. Expendlture Includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expendlture on These comprise the costs Incurred by the Charity In the dellvery of it5 actlvltles and charitable artSvltles service5 in the furtherance of its objects, Including the maklng of grants and governance cost5. Grant expenditure Is recognlsed when grants have been approved by trustees and pald to beneficiary charities. Where there are formal multi-year grant agreements in place. an accrual is made for grants that are approved but not yet paid. Grants payable Taxation The charity is exempt from tax on its charitable activltles. Page 8 Sheldonla Charitable Trust Notes to the Accounts Investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All 8ains or losse5 are taken to the Statement of Financial Actlvltle5 as they arise. Cash and cash èqulvalents Cash and cash equivalents comprlse cash at bank and on hand, demand deposit5 Wlth banks and other short-term hlghly liquld investments with orlginal maturitles of three months or les5 and bank overdraft5. In the statement of flnancial position. bank overdraft5 are shown wlthin borrowlngs or current liabilltles. In the Statement of Cash Flows, cash and cash equlvalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash mana8ement. 2 Statement of FinancSal ktlvltle5- prlor year Unrestrirted funds Total funds 2024 2024 Income and endowments from: Investments 98,630 98,630 Totol 98,630 98,630 Expendlture on: Charltable actlvltles 81,389 81,389 81,389 Total 81,389 Net Income 17,241 17,241 Net income before other 8alnsl{lossesl Other galns and losses: Net movement In funds 17,241 17,241 17,241 17,241 Reco￿11[all0rt of funds: Total funds brought forward Totsl funds carrled forward 917,426 934,667 917,426 934,667 3 Income from Investments Unre5trfcted Total Total 2025 2024 Rents received Dividend5 recelved 78,369 15,397 2,845 37,(K)O 133,611 78,369 15,397 2,845 37,OiX) 133,611 55,900 15,470 4,333 32,062 107,765 Interest received Chan8es In market value Page 9 5heldonia charitable Trust Notes to the Accounts 4 Expenditure on charitable activities Unre5trlcted Total Total 2024 2025 Expgndlture on choritt7ble octivities Grants made 64,980 64.980 81,389 64,980 64,980 81.389 5 Analy515 of 8rants Grants to Institutions A¢tlvlty or programme Total Total 2025 2024 Art & Cultur8 5.198 5,198 5,679 2,442 16,540 5,779 17,254 21,324 Educational Support Medical resgarch 650 650 Pre8ervatlcn of life 3,249 13,646 27,941 14,296 64,980 3,249 13,646 27,941 14,296 64,980 Social Care Supportlng children Supportlng communlty 12,371 81,389 6 Expendlture on ralslnl funds Unre$trlcted Total Totsl 2025 2024 Investment Property premise5 Costs Legal and profes51onal costs 3,103 3,103 3,103 9,454 12,557 9,454 12,557 6,032 9,135 7 Staff costs The charSty has no employees and therefore no Staff costs. 8 Fixed Asset Investments Freehold Investment Investments Llsted Other Property Total Market value At l October 2024 Market Value Galns 382,418 395,247 37,000 432,247 777,665 37,000 814,665 At 30 September 2025 382,418 Page 10 Sheldonia Charitable Trust Notes to the Accounts 9 Current asset investments 2025 Z024 Unllsted bond 50,LK)O 50.000 10 Movement In funds Incoming resource5 {Including At l October other 2024 galnsllossesl Resources expended At30 September 2025 Restrlcted funds: Unrestricted funds: General funds 934,667 133,611 177,S371 990,741 Total funds 934,667 133,611 177,5371 990,741 11 Analysls of net assèts between lunds Unrestrlcted fund$ Total Investments Net current assets 814,665 176,076 990.741 814,665 176,076 990,741 12 Reconclllatlon of net debt At30 Sèptember 2025 At l October 2024 Cash flows Cash and cash equlvalents 157,002 157,002 130,9261 130,9261 126,076 126,076 Net debt 157,002 130,9261 126,076 Page 11