REGISTERED COMPANY NUMBER: 10950075 {England #Nd Wales} REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2025 FOR THE SELHURST FOUNDATION IA COMPANY LIMITkD BY GUARANTEEI George Hay & Company C[￿rtered Accouniant5 83 Cambi'idge Street Pinilico London SWIV4PS THE SELHURST FOUNDATION CONTENTS OF THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2025 P&ge Report of the Trnstee5 Independent Examiner's Report Statement ol. Flnancial Activities Statelllent of Financial Positin Statemient of CAs1i Flows Note$ to the Statemerbt of Cash FIoiv5 Notes to the Financlal Statements 10 ￿ 18 Detailed Statement of Flnant191 Actlvltle$ 19 to 20 THE SELHURST FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST OCTOBER 2025 The trustees wlio air also directors of the charity foi. the purpos¢s of the Cvmpanies Act 2006. presenl ilieir ieport with tlie financial statcments of the charily foi the year ended 3 1st OL'lober 2025. The trustees 118ve Adupted the provisions of Accounting and Reporting by ch￿l￿es.. Sialemenl of Recotnrnetlded Practice 4pplicable to charities preparing thcir account5 ID ac¢ordan¢e with the Fituiieial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 Icffcctivc January 2019). The fittancial statements liave been prepared in accordance with th¢ a¢¢ountiThg policie5 set out in the Notes to the Financial Statements. OBJECTIVEI S AND AcfiviTIES Pllblic benefit Thc Tnjstees confirm that Ihey have had regard to th¢ Cliarity Con￿]IssIon,S guidance on public benefil when sttting tlie chai"itsble eompaml8 objeetive8 and aims. The objectives of Èhe charitable company are.. (il The proJnoLion of comtniiniÉy pariicipation in heaiihy reLltalson in paiticular the prov38ion of facilities for the playing of football, nyartial arts, boxing and other spoitS', lii) To promote for the benefit of the inhabitant5 of London dnd tl)e surrounding area the provi%ion of fa¢iliti&s foi. Irciration or other leisuie tinie occupation of individu21s wlio havc Ilie need of &ich facilitie% by Tcason of their youth, agc, infim)iry or disableiment, finattcial hardship or soctal and cconoinic circiimstances or for the pllblic al large in The inwests of social wclfare and with Ilie object of iinprov￿llg the condition ofiife of the said iniiabitants., Iiiil To advance tlie physical educalion of cliildren &nd young people under the age of 25 years Iwlio may bc atiending schools oi. ill full time edllcatian or not undei'going foTmal educath"on) by providing sports facilities; and (iv) The advancement of such other objecis or purposes whi¢li are exclusively cliaritable ac¢ording to tjie law of England and Wales in anypart of the world at)d in su¢li manner as tlie Trustee5 may in tlieir absolute discretion think fit. ACHIEVEMENTS AIYD PERFORMANCE Charltable Aetlvlties Dui'ing the year £IO.000 was pledged lo Fwid2cao Freshzone a charity in GuiJJea-Bissau. Fundr#lsSng A¢tlvities No spe¢ific fundraising activitie5 have bectj undcrlakeTh in the year. Ini'e5tmeDt perloi'mance The cliarity di.%pD%ed of its managed investment% during Élle year due to pool. performance, IEsiilting in a loss on disposal of £14,930. At the year end tlie sum of £2,195,708 was held as a shori temi deposit and illtere5t is being eart)¢d on tliis d¢posit. FINANCIAL REVIEW Ftn8nci&l posltion The trustees Consider that the charity now ha5 sufficient funds lo pursue it5 chai'itable aims and activities and contit]ue to reseaTch furtlier 8uilable chaTilable projecis for funding and gupporl. At 31 October 2025 unrcslTiCted fvnds of £2,146,633 were h¢ld by t]ie charity. PrliielpAI fundliig Sources The cliayity ha5 ieceiYEd Inierest income from inve5tiMents andloons in thc year. STRUCTURE, COVERNANCE AND MANAGEMENT Gov¢rniiig doeument The charity is conlrollcd by its governing documcnL the memorandum and articles. and constitutes a limited con)pany, limited by gllaTantee, as defined by the Companies Act 2006. Page I THE SELHURST FOUNDA TION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST OCTOBER 2025 STRUCTURE, GOVERNANCE AND MANAGEMETrir Charlty coiistitution Th¢ cliaritable company wa5 registered as a ch3riry wtth the Charity Commission on 26 March 2019. Recrultment appointment ￿f new trustees New trustees are appointed by resolution of the eharirable ¢oiiipanls ￿￿11)berS and serve for an inittal terni of Ihree years. TTuslees tnay serve a Èoial of two ¢onsecutive ternis, being eligible for IE-eleciion only aftci a year has elapsed, unless Ilie Board of Trustees Lvn5id¢r it is the besl interests of th¢ cliaritable company for tlje tt￿￿tee to be eligible foi. Ic-cleclion on his oi. her i'etirement foi. sll¢h numbeL' of further tenms as the Trusiees shall resolve. REFERENCE AND ADMINISTRATIVE DETAILS Regislered Company numb¢i' 10950075 (England aiid Wales) ReJstered Charity number 1182639 Reglstei'ed office 49 Cheyne Place Lolldon SW3 4HL Trustees M W Flaiold Ms P Aricaga Independellt Examiner Geoi'ge Hay & Compdny Chartered Accountants 83 CanibTidge Street Londoii SWIV4PS W¢bslte'. litlps'.l/ivww.sclliiirstfoundation.co.uk This ipport has been prepared in accordance witli thc special provision5 of Part 15 of tlie Conipanies Act 2006 rclaling to small cotnpanies. Approved by older of the board of trL]Stees on ........ and signed on its bel)alf by.. M W Harold- Tn￿te¢ Page 2 INDEPENDENT EXAMINER'S REPOR T TO THE TRUSTEES OF THE SELHURST FOUNDATION I repoTt to the trusiee.8 (who are also Dircclois for the puipose of company lawl on my exainination of the finaiicial 8tateiiients olThe SclhwEt Foundatioii ('the charitable Lonipany'l for the year ended 3 1st October 2025 wh2ch compyise the Siaieinent of Fis)ancial A¢iiYiiies. (lie Balance Sheet and related JJote5. This report is made solely to the charity's tsustees. #s a body, in ac¢ordanc¢ with seclion 145 of tlie Charities Act 2011. My work has been undeTtsken so that I mighi slate lo the charity's ttwslees those matters l ain TequiTed to slate to them in this report atsd for no other purpose. To tlie filllest exteiit perrnitted by law, I do not aetept or assunie rcsponsibility to anyone ailiei. Ihaii tlie cliarity and the cliaTity'5 ITU5tee5 as a body, for ii)y work, foi. this report, or for the opinions I have fornied. R¢spoNibilities #nd basis of repoi't As the trll%tees of chai'itable ¢ompany you are IE%pon%ible for the preparation of the fiiiancial statements iii accoi'dance with the requirenie)IlS of ihe Companie% Act 20061'ihc 2006 Act'l. Having sat5sfied myself ihal the financial statem¢nts of the charitable Company are not required io be audited under Part 16 of the Act alld aTe eligible for independent exa]nination, I report in respect of my exarnillation of the charitable coi]]pany'5 financial staleinents earried out under section 145 ot. the Charities Act 2011 I'ihe 2011 Act) and in carrying out my examination I have followed all the 2ppIicdble Diitctions giveii by the Charity C.omniissIon under seetioii 14515llbl of tlie 2011 Act. As peLinitted by Directiots 2, issued by thc Charity Commission the fimi for whach I work has provided the charitable tompany with bookkeeping %crvice5 duTing the year ended 3 1st Octobei. 2025. A8 a consequence I have followed the rcquirement of the FRC5 Etliical Standard when undertaking tliis a%signment. An independent examination does J]ot involve gathering all the eviden¢e t]￿t would be required in an al￿]l and Lonsequently doe% not cover all the mattels tliat an auditor considers in giving their opinion on the fin¢in¢ial slaiements. The pla1￿illg alld conduct of an audit goes beyond the limited assurance that an independeni exarnination ean provide. Consequently l expie5S opinion as lo wlietlier the financial siatemenrs present a 'true and fair, view and my report is liniil¢d tt) tliose specific matt¢rs set out in tlie independent examtnees slalejnent Independent examlner'5 Statement I liave completed iny examination. I confirm that no n￿tel'la1 matter.% have comc to my attention in connection with the exaniin2tion giving me cause lo believe tI￿l in aiiy ma￿rIal respect.. accouTbting records were not kept in ￿speCt of the chaTitable company as required by s¢ction 386 of the 2006 Act., or the financial ststement5 do not accord with tho8e records; or tlie financial statemellts do not coinply with the accouniing requÈreinenls of section 396 of the 2006 Aci other ihan any requiretncnt tliat the fillancial stalenrnls gÈve a'irue and fair view which is not a inaÉter consideied as part of an ind¢pendent exatnination., or the financial statements have not been piepaitd in accordance with the methods and piiiiciples of th¢ Statemeijt of Recommejided Practice for accouniing Jnd reporttng by charitie5 applicable to charities pi'epai'ing thcir accounts in accoTdan¢e witli tlie Fin2llLial Repoi'ling Standard applicable in the UK and Rcpublic of Ireland IfRS 102). Page 3 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SELHURST FOUNDATION J liave no concerns and have tome across no otlieT niatlers in connection with tlie examillation to whicli attentloll Should be drawn in thi5 report in order to eJMblc 2 proper undeistanding of the financial stalemenls to be reached. Micliael Davis FCA FCCA George Hay & Company Charteled Accountants 83 Canibrid8e Street Piinlico London SWIV 4PS Date.. Page 4 THE SELHURST FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOM￿ AND F.XPFNDITURE ACCOUNT) FOR THE YEAR ENDED 31ST OCTOBER 202S Peviod 1.5.23 to 31.10.24 Total fund5 Year Eijded 31.10.25 Unrtstyleted fund Notes INCOME AND ENDOWMENTS FROM Investment income Other income 64,807 118,090 110,023 Total 182.897 110,023 F,XPF,NDITURE ON Raising thnds 1,183 1,885 Ch#Yltablt actlvltles Jeneral costs 19,642 26,910 Other 1,636 Tol81 20.825 30,431 Net gainslllosse51 on investments {14,9301 {7.486} NET INCOME 147,142 72.106 RECONCILIA TION OF FUNDS Total funds biX>u￿1t fonvard 1.999,491 1,927.385 TOTAL FUNDS CARIUED FORWARD 2.146.633 1,999,491 T1￿ notes fomi part of iliese financial slatenients Page 5 THE SEI.HURST FOUNDA TION STATEIMENT OF FINANCIAL POSITION 31ST OCTOBER 2025 2025 Unrestricted fund 2024 Total funds Notes FIXED ASSETS TaTigible asseis Inveslinents 10 2.207 24,801 27,008 CURRENT ASSETS Debtfjrq Invesln)enls Cash Ji bank 9,741 2,195,708 438,841 1,995,683 13 27.195 2,644,290 2,022.878 CRF.DITORS Almouiils falling due williin one year 14 1463,3431 {14,043) NET CURRENT ASSET.S 2,180,947 2,008,835 TOTAL ASSETS LESS CURRENT LIABILITIES 2,180.947 2.035.843 CREDITORS Ajiiounls fallinbr due efter niore than one year 15 134,314) 136,3521 NET A.SSETS 2,146,633 1,999,491 FUINDS Unrestricted funds 2,146,633 1,999,491 TOTAL FUNDS 2,146,633 1.999.491 Thtt chai"itable conipany is etjtitled lo exeinption fro￿7 audit undei. SeLLiun 477 of the CoJi)panies Act 2006 for tl)e year ended 3 1st October 2025. The membci% have not reqtsii"¢d the coiiipany lo obtain an audit of its fJnan¢ial staten)enls for the year ended 3 Isi October 2025 in accordance witli Sc¢tion 476 of Ihc Col￿paNIeS Act 2006. The t￿Ste¢S acknowlcdgc rlieir responsibilities for {al eiisuring Ihai tlie charitable compat]y keeps aceounting records that Comply wth Sections 386 and 387 of the Conipanies Act 2006 and pi'epai'ing financial stalenieiits wliicli give a [￿e and fair vieiv of ihe state of affairs of tlic charitable company a8 ai Ihe end of eacli finaneidl year and of ils surpliis or deficit lor each fjnakicial year in accordatLLe willi the reqiiiremenls of Section5 394 and 395 and wliich otlieiivise Lomply wit]J th¢ requirements of Ilie Companies Act 2006 relaiing to fIJ￿ncIal staieJiient$, so fw" as applscable to tlie chal'itable compatiy. (b) The noles forni parl of Ihese financial sialcJiJcnls Page 6 eontinucd... THE SELHURST FOUNDA TION STATEMENT OF FINANCIAL POSITION- ¢ontlnued 31ST OCTOBER 2025 These finan¢ig1 statements have been prepared in accordance wilh tlle provisions applicable to cliaritsble conipanic8 subject to die sinall companies regiine. The financial slalemenls were approved by the Board of TTU%t¢e$ and authori%ed for issue on and were signed on its behalf by-. 202L W HaTold- Trustee Tlie notes lorm part of these financial 5tatenieiits Page 7 THE SELHURST FOUNDATION STATEMENT OF CASH fiLOWS FOR THE VEAR ENDED 31ST OCTOBER 2025 Period 1.5.23 to 31.10.24 Ye#1. Knded 31.10.25 Notes Cash flows from operatlng aetlvlties Casli generated from operationb Itjtercst paid 2,551,784 17231 (1.944,9521 11,8581 Nel cash prov5ded byllused inl operatÉng activitie5 2.551.061 (1,946,810) Cash floiys fyom Ihvestlng Rctivitie5 Sale of fixed asset investments TeiTh d¢posÈl InleresL IEceived 9,871 (2,195,708) 411,460 872.493 81.616 Nel cash (used inllprovided by I￿Ves1j￿g aeiivities {2,137,377} 954,109 Cash flows from Ilnxncing activities Li)an repayniciits iii year Inierest cliarged (2,6311 593 1,784 Net ¢ash used in financing activities (2,0381 18,3Y71 Change in cash atld e95h equlv21vnts tlke repol'tliik period Cash and cgsh eqylv#lcnts at the beginnlng of the reporting peyiod 411,046 11,001,098) 27,195 1.028.293 Ca$lJ And cash equlvaltnt5 at the end of the reporting period 438,841 27,195 Tlie notes fomi part of Iliese financial statenients Page 8 THE SELHURST FOUNDATION NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST OCTOBER 2025 RECONCILIATION OF NET IN'COME TO NET CASH FLOW FROM OPERATING ACTIVITIES Pei'iod l.S.23 to 31.10.24 Year Eiidtd 3I.10,25 Net incoiDe for the veporttng period (a5 per the Statement of Fin9n¢ial Actlv5tles) Adjustments for: Dcpttciation chaTITes Losses on iiivestments Loss on di8p08al of fixcd as5elS IntCl'CSt rcceived lllteirst paid DeLrease/(itt¢rease) debtors Increase in creditors 147.142 72,106 1,636 7,486 14,930 2,207 (48,4601 723 1,985,942 449,300 181,6161 1,858 {1,947,150) 728 Net ¢ash pi'ovlded byllu5ed in) operat10115 2.551.784 {1,944,952) ANALYSIS OF CHANGES IN NET (DEBT)JFUNDS At 1.11.24 Cash floiv At 31.10.25 Net cash Cash at bank 27,195 411.646 438,841 27,19S 411,646 438,84 Uquld resources Deposit5 includd in ca%li Currei)t asset inveslinents 2,195,708 2,195,708 2.195,708 2,195,708 Debt Debis falling di￿ within l y¢ar Debts falling due after l year (5,882) 136,3521 (5,882) 134,314) 2,038 142,2341 2,038 140,196) Total {15,039) 2,609,392 2,594,353 The notes form part of tliese financial stateincnts Page 9 THE SELHURST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2025 ACCOUNTING POLICIES Basis of preparlng the finanelgl statements The finanLial statements of the chaiitable compaiiy. which i.s a public benefit entity under FRS 102, have been prepared in accordance iirith the Chai'ities SORP IFRS 1021 'Accounling ai?d Reporting by Charilie8.' Stateinenl of Recoinniended Practice applicable 10 ¢liariiies PTeparing tlieii. ac¢oiinis in a¢coTdance with Ilie Financial Reportiilg Siand¥i'd Applicable In Ihe UK and Republic of Irelan(l (FRS 1021 leffecliv¢ l Janiiary 2019),. Financial Reportiiig Standard 102 'Tlie Finallci81 Repuiling Siaiidard applicable in the UK and Republic of li'eland, and Ih¢ Companies Act 2006. The fjnancial Statements have beett pi"epared under the historical Lost Lonventiun, Mqth the exception of iiivestnienrs which al't li)cl￿ded at iiiarkel value, as niodified by Ihc revaluation of certain assets. Income All incoLne i5 I'ecognised in the Slaleiment of Fiijancial Activities oncc the cliaTity lia5 entiilemenl to tlie funds, AL is piobable that ihe income wll be rcceivcd and the arnount call be measurcd i'eliably. Exptndlture Liabilities are recognise(f as expenditure as soon as Ihere is a legal or constiuctive obligation ¢orniknilting the cliarity to tlial expendittire, it is probable that a tiansfey of econon)ic ben¢fI￿ will be reqLiiicd in sciilcment and the amoiint of Ihc obligation be rneasuird irliably. Lxpenditure is aLLounled foi. on an aLciullls ha5 been classifjed under lieadings tliat aBgregale al￿ cost related to the caieuyory, Wliei-e costs cannot be directly aitribuled to PaTlicular headiiigs Ihey have bcen allocated to acliviiies on a ba515 COllSjStenl willi Ihe use of tesources. Tangible fixed assets tkprcLiation is provided al tlJe following artjual rates in order to write off each ass¢t ovcr its estimated useful lifc. Plant and niachinery 250/¢ siraight line Tayalio Tlie cljai'ity is ¢x¢rnpt fTo]n corpoTation lax OJJ ils charitable aLtivities. Fund aeeauDlln% Unreqrricted fi]nds can be L15ed in accordance with the eharitable objectives al Ilie discretion of tlie trustees. IDvestment gssets Inveslmcnl asscts forni part of the unrestricted funds. All income arising fiom thc5e invcslmenls Is (Teditcd a5 unresiricted fund illCOTMiiig resources. Investi1￿￿1 £lS5els are niea8ured at fair value at Ilie Stalcnient of Financial Position datc, witli clianges in b¢ing recognised in inLoii)e aDd expendiliire. Gdins oi. losses on disposal of illvestineni asscis are ¢alcula*d as aTiS2ng from the lalesl Statement of FindnLial Position V