REGisfERED CHARrrY NUMBER: 1182709 REPORT OFTHE TRusfEES Al*X) FINANCIAL sfATEMEwrs FOR THE YEAR ENDED 31 DECEMBER 2025 FOR THE EDWARD BARNSLEY EDLfATIONAL TRusr THE EDWARD BARNSLEY EDUCATIONAL TRUST CONTENTS OF THE FINANaAL sfATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2025 Page Report ofthe Tnrtees Endependert ExaMi￿r.$ Report statement of Financial Artivities 1 tr 4 Balaft￿ Sheet Cash How stste￿￿nt Nots5 to tl* Cash Flow Statement Notss to the Finanaal Statements 10 to 17 THE EDWARD BARNSLEY EDUCATIONAL TRusr REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 31 DECEMBER 2025 The tw*ees p￿nt tlkir reiort wth the finar￿lat State￿nts ofthe charity for year er￿ 31 Decemter 2025. The truste& have adopted ttrt provisons of Accounb"ng and Rewrting by Chanb"es: Ststemert of Recommended thctice applicable to thar￿e5 preparing their acco￿￿ in accordance wfch the finar￿al Reporting Stsndard applicable in the UK and Rèpublt of Ireland [￿ 102) leffeLtive I january 20191. OBJEcnvES AND AcfIvTtIES Obiecttves and aims The a)aritys objects are: To assist persoJ% who are in need of financial a￿sta[￿ anij who are preparing for, entering upon or engaged in the oBft of handmade fumiture making by prowding them with t(x>ls. outfits or by paying travelling or maintenantr expen￿ or by s￿h other mearLS for thtyr adVanC￿ent in life to enable than to earn thèir Irving s the trL&ees * fft,. To preS￿ve and maintain forthe putAic beneftthe Edward &irn￿ey Archive; In otherwise prcmoting the education training of sud) persons. The Edward Barn￿eY &lucatioiial Trust achleves ts charitible objth by training apprenti￿ fine furni)Jre r￿ake￿ and providing the means for them to irnpmve their sloll& The w￿￿hop Cottage is the headquartets of the Trust housing the administrat(on, archive showroom. In planning our actiwties for the year we kept in mind the Ch)rty* Q)rnmis5ion's guidan￿ on public benef￿. We enxtre that the sknlls in fine furniture making are passed on in the bèlib.onal rnannw fffxn experienced mak¥ tr) apprenti￿ ènd preserved for future generations when they might ￿nN1* be lost. It Is imp￿nt to the Trust that access to the educational oppDrbJnrtts offered are ￿)t restrrcted to those who on afford to pay fe￿. As an adjunct, there are numerous trainiThJ op￿Irt￿nItIeS avaiLible elsewhÈre in this country, but they virtvally all incur substantial fees. Our intske Criteria for app￿ntice5 are based enti¥eJy upon tslent and potential no discrimination on the g￿￿ndS of ra¢e, colour, ethrioty, gender, sexual ￿le￿tiOn or rèligion. The Trlst seeks to extend S training opportunities by offering work exwrientr platrs to childien from Iivl schools and colleg&. It is inevitable that per￿$ trairtd by the Trust will h3ve e￿I￿nCed earni￿5 capaoty, obw"oU￿Y to their ￿[vate benefft. This however is unavciidable beCa￿e of the rdrity of thining opwrujn￿eS whth then r&ults in relatwdy few persons vthth high sloll levds. We cOM￿le a phoWraphic datsba5e kn Complement our eKiSting archive and this will engjre &Trigt* torward identiftation of our furntture in future. The d)ariVs trdtegies for athiewng the* ob)"&tives werè to.. Appr(kch grant making trusts anrl othw fund provide￿ with a view to 5ecuritLg financial supp(rt for Trust5 athvities. Secure wffiaent fvndlng to ￿1p finance thè cost of appr@n.tte tri[￿Thj. Sales of furnltt¥e. Signrficant acbvlcEs that C(￿ribu￿d to the achievement of these objethves and provKliThJ publr tenefft were.. (Xjr Apprerticeship stheme,. Pr￿￿ Worf( expÈrientr,' Secure educational publicty, tslkg, guidecl tours, exhibitK)ns and publtsth)ns; Edu(2tional publioty, talks, guid￿ tours, exhi￿tionS arml p￿lIcat￿ns. Securing and fulfilling commissors whith play a piv(kal role in: Promding income. Enhanung the training of apprenti￿S by k￿ping the wrtlK)p's output relevart i.e., by prowdlng furn￿ure that dients need and want. Producing stimulatiry and exc￿ng d¥igns, alrjing ￿0MotiOn of the Trusvs athwties. Page I THE EDWARD BARNSLEY EDUCATIONAL TRusr REPORT OF ThE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2025 ACHIEVEMEKfs AND PERFORMANCE Charitable aciivitses During the year the Tru# employed 6 apprenti￿, one uaftgman, a 03ftsmèn-tutor/fundraiser, Off￿ and fvndiai>ng administs8tor and a Deggner Manager. We award& a thort int￿*[p to a We* Dean student. Tr Tru* was asslsted by three volunteers who hdped with our Open Day events in the year. The Trust has grèrts of £22,791 dunng the year to￿ardS the chariws overall obj*s of apprentice trdining. Grant funding ome from the follo¥Mng: Barbara WhatMO￿ Trlrt carpente￿ Company, 9Je Powell (Ohven and Edwmn Powdl Award), Mika&) Tru* The f*￿￿)yTrU￿l and R&Jdiffe Trust. The trustees are of the opinK)n that the has met its obieLtves in respett of woviding training during the pa* year. The Trust has for several years teen worlong on a Enajor Luilding eXpa￿1)n p￿rarnMe. 2024 the completion of our new machine sfrKJp exten&on and the new SP￿ and ￿y(￿rt ￿ given us a much4mprova1 M)rlo"rKJ spaw. Thro￿hOUt ttrE year the Wor￿h(>P htssted orgèni*d tou￿. We were vi%ted ty groups frorn.. Farnham Furniture Scho)I, Rycotewood Furniture Centre, Tr Furniture SCIL)￿ and John Ltyd Fumrture *hrK)l. The workthop deygner Jame5 Ryan gave a talk at the SchcDI in Devon. James also judged the Natiorol New FurnIturema￿S exhibitson in the crf(y of London. We twk part in 'FEPSW a rare ￿0k fair in LoThlon and ethibrted our w)rL We also partupated for the third time in the 'Treasure House Fair. in thelsea in June. The fair was well atte￿ed, and our work was rerrived very well, contribL5ting sgnifKanVy to our salès IMpelbnÈ. We alg) hebj thr* of our ￿>pular WorksfKJP Open days in March and Crtober. The TrL%t Se￿ the promDtion of its artiv￿e$ to the public as 6n imwrtant part of ts educational obiettives. We seek to achieve this by participating in exhd)tK)ng, hosting open days, tours, by ugng ￿la1 meth'a channels arKJ the Trust webs￿e. Our soaal media profile in particular has grown over the y￿r with SI￿ne reels attracting Dver 35,000 views. FINANCIAL REVIEW Pri￿￿paI fundiNJ Sou￿$ In the year under review incoming regwrTrs totslled £564,310, this indudes legacy iKome of £300,000. The defmit ￿ traini￿ and furnTture makng att4Vites before ContribUt￿nS from suptK)rters and d)aritable fcwndaiKns amourtal to £30,521. fyants frjr apprentlce trhinlng totalled £22,791. The chartys pri￿paI futKling s)ur&s are the prLKeeds frLKll sa￿5 of furnfcure made during the b3ining of aÈVrenti￿£, together with donations from individuals and Organi￿tr.0￿. Reserves polic at 31 December 2025, the levd of resewves available for the charty's use li.e. in gÈrÈol funds and n(t represented by fixed asqets) £696,695. The trustees con&der ￿t the charity r*eds to hold resèNes to mitigate the risks which affert ts inccme streams, in partKular unpredittabilty of grant and ￿gaCY incorrt and the bng lead tirne for major CLYnrri5sions. Such reserve5 will albw the charity to honour its one-year commitment to its apprentices and to ￿ain key skff during temporary flWtuati0￿ in income. The trust￿ consKler that tlE charity 5houltt aim to achieve unrestricted general ￿SerVeS equwalent to one yearfs expendituie frorn uni&rt(téd funds lapproxitn3tÉly ￿{M),000 (zshl to safeguayd the orwing ¢)f tts (knjett Page 2 THE EDWARD BARNSLEY EDUCATIONAL TRUSr REPORT OF THE TRu￿EEs FOR THE YEAR ENDED 31 DE￿MBER 2025 FITfuRE PLANS The Trua acknowledges the l* of trainirKJ opport¢mÉEs and tt)e shortsge of l(illed craftsmen ￿thin the fine furniture trade. To thrs end the Tru* intends to ￿ntinue its initiative of offeriffj two i-year foutKlation app￿ntI￿ShipS rather than the traditi0Th31 ￿ngle platr. This has proved SJC￿5￿I, and the Trust intends to continue to offer two l-year placemet7ts in 2026. will depend on the availability of grants, the annual co* to tPE Tnjst of equlpping, training and Sup￿r￿ng a trainee are more than £25,000, which will J*ed to be met. It strwld be noted that the intention is to offer ttrE foundation app￿ntiCe$ option to ement income 388,462 388A62 76,412 174,862 986 174,862 986 143,941 930 Totsl 564.310 564 310 EXPENDrruRE ON Raisiro fvnds 205,383 205,383 152,448 Charitsble activities Raisiry donatK)ns and legaaes Other rexjutces ess on dlsposal of ftxed assets Interest received Decrease in stocks Increase in ttebtors Increase tredito 252,568 (32,043) 5,088 (27,533) 350 (986) 1381 (177,257) 33.642 5,062 117,5981 1930) 33,818 {14,977) 6,122 Note 13 Net cash provided byl(used in) operatlons ANALYSIS OF CHANGES IN FUNDS At 111125 Cash flow At 31112125 Net cash Cash at baw& and in hano 34,056 26,153 60,209 Total The rKrtes form part of tt)esè fin3tKial statements Page 9 THE EDWARD BARNSLEY EDUCAnONAL TRusr NOTES TO THE FINANaAL STATEMENTS FOR THE YEaR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES Basi5 of preparing the finanaal stat*nents The finaroal statements of the charty, wh'ch is a pU￿1C benefit entliy under FRS 102, have been prewred in accordance wth the Charities SORP IFRS 102) 'Accounting and Re￿ting by Charities". *atement of RÈxommended Prattl￿ applicable to ctrwr￿es preparirKJ their accounts in ￿ordanTr wf(h the Tr'narrial Rery)rting StsThJard ap￿￿able in the UK and Republic of Ireland (FRS 1021 {effethve i January 2019),, finarrial Rewrbng Stsndard 102 The financial Rworting Standard applicatAe in the UK and RepublK of Ireland, and the Charib"es Att 2011. The fjnancial statements have b*n Fyepared undw the historical cost convenbon, wtth the exceptlon of ijwesknents which are irKluded at market val￿, as modÈfied by the rewdluatknn of certsin asse The fjnandal 51aknents are prepared in *ding, which 15 the functional CU￿ncY of the charity. Monetsry arnounts in these fina￿13[ statements are rounded tts the nearest p)und. All income is recognised in the Ststement of Fironcial Actimties On￿ tlE charity has entitl￿entr to the funds, rt is p￿ble that the income will be re￿We￿ and the amount can be m&surth relyabty. L￿a¢Y income 15 r￿niSed in the Stattynent of linanaal Actwitieg when the charity ha5 en￿￿emen( rc is probable that the incon* wll be retrived, and the ￿OUnt can be meagttr&t reliabiy. ExpeThliture Liabilities are recognised as expenditure as as t￿re is a legal or construttlve obligatio>n CcMnNtkn￿ the d￿rty to that expendycure, t is probable that a transf￿ of ecommic benèfits will be required in settlement and the amunt of the obligati(n be tneasured relEbty. EKpenditute is affount& for on an accruals basis and has been das&fied under headings that aggreg* all cost reLata1 to the catsgw. Where costs canmt be direttly attriLyJted to particular headings they have been allcthed to a(tivities on a ba&s consstent with the use of rwurces. Governan￿ costs Govemarte costs comprise the assoaated wth the govemarKe arraNJements of the of the Charity 3nd indude independent ￿mInerS fees, legal advi￿ lif any) for truste4 costs awaated with the constitutioTrnal and *atutory r4uirements av¥J any costs 8￿Ciated with tk sthtegic as opposed to the day to day management of the Chartvs assets. ranyible fixed assets Depreoation is provid￿ at the fglbwing annual rat￿ li ￿er to write off each a55& over esttmat& useful life. Plart and mathinery Computer equirment 15¥0 on co# 25% on co All fixed assets costing [￿re than £500 are ¢aptslised. dep￿lation is pro￿￿ed on freehold land or on building% benches and trx>ls as thé trv5tees consider that the eX￿ptionaIty bng life of the* assets any depreciation charge or accuwulated deprea3tion irnmaterial. The trustees review any n(￿-depreaated ass&5 for impaiment on a regular basi5. Stocks and work in progress are walued at the lower of co# and net realisable value, after n￿k1￿ due allowance ft)r obsolete and r￿ing ￿er￿S Co* indudes all dIr￿t ex￿ndi￿Jre and an appropriatr p￿￿￿tion of frxed and Va￿alle overh&ds. Tax*ion The tharty is exempt ftDm tax chartabje actNiti&%. Fund accounts'ng UnrestriLt&l funds can be used in attordance the chatltable objective5 at the dimth)n of the trustees. Page 10 c￿tinUed... THE EDWARD BARNSLEY EDUCATIONAL TRU NufES TO THE FINANCIAL ￿ATEmENTs - continued FOR TrIE YEAR E14DED 31 DECEMBER 2025 ACCOUNTING POUCIE5- continued Fund accounting Re*rirted fvnds can only te used for partrcular re5tritted purp[6￿ Wthin the objets of the charty. Restrttions arise when specified bythe dfxh)r or when fund% are raised lor parbolar resrritted purpDses. Further explanatk)n cf the nature and pUrpl￿e of each wnd is Ind￿ed in the rK)tes to the flnarrial statement> Pension ¢05ts and other p￿t-ret1rernert be￿fits The charity ¢yerntes a defined contiibutun Fen5ion scheme. Contributions payable to the charitys ￿nsIOn scheme are tharged to the Siatement of Fironcial Atttvities in p￿d tts whth they relate. Investments Investmerts are strt￿ at their falr wolLE at th@ balan￿ sheet date. The Statement of Financial Activits"es irKludes the net gairs ènd losses arisiro on revaluations aTrJ disposats of inve5fftnt assets throughout the period. narKial instruments The Charity only has finantial as￿￿ and financial liabilities of a kind that qualty as basc fironaal instruments. Basic finarual in5trurllents are recognIs￿ at amorbsed cort Ugng the effectNe Interest Meth￿ unles% the effect of di￿OUnt1ng woukj be immaterial, in thich ca* they are ststed at cosL The cfority has ￿ ad￿ntrd finanaal instruments. DONATIONS AND LEGACIES 2025 2024 Lknnalj'or Legaci Grants 65,671 300,000 43,786 32.626 388 462 Grants r￿l￿d, induded in the a￿Ve, arè as follows.. 2025 2024 Other gTrnts OTrIER TRADING AcrivmES 2025 2024 Sales of fiJmiture 174 Page 11 continued... THE EDWARD BARNSLEY EDUCATIONAL TRU NOTES TO THE FINANCW STATEMENTS- Continued FOR THE YEAR ENDED 31 DECEMBER 2025 INVEsfMEMf INCOME 2025 2024 Dep)5￿ account int￿est 986 930 RAISING FUNDS Other trading activities 2025 2024 Purchases Stsff costs 13.060 192,323 13,815 138,633 205 383 CHARrrABLE ACTIvrtIES cosrs Supwjrt costs (see nrte 7) Other res)urc&q expended 133 892 SUPPORT COSTS Governar Managen￿t Flnance Totals Other rtr)Ur￿ e(p¢￿e 133 892 TRusfEES' REMUNERATION AND BENEFThS There were no trust*g reJnuneration or other beneffts for the wr ended 31 De￿￿tr 2025 nor for the year ended 31 December 2024. 2025 2024 Trustees, expenses 158 136 STAFF cosrs 2025 2024 Wage5 and ￿laries Sw'al S￿rity cvsts other ￿nS￿n fflsts 180,935 6,411 128,823 5,579 19 The av&age monthly number of ￿)pI￿ee5 during the year was as folknws.. Workknp 2025 2024 No ￿plOyeeS retyved anoluments in excess of £60,000. Page 12 continued... THE EDWARD BARNSLEY EDUCATIONAL TRU NOTES TO THE FINANCIAL STATEMENTS- contini*d FOR THE YEAR ENDED 31 DE￿MBER 2025 10. TANGIBLE FIXED ASSErs Fixtures and Computer fittings eqiupment Freehold property PIant mathinery Totsls cosr At l January 2025 Addityor DigK)sals 841,980 140,098 2,379 16.763 1gA27 707 1,018,668 3,086 At 31 D*ember 2025 1,017 301 DEPRECIATION At l January 2025 Charge for year imiroted on disposal 121,793 3,666 17,237 1,422 139,030 5,088 At 31 Decenber 2025 123 729 140 015 NEf BOOK VALUE At 31 D@￿ber 2025 841980 At 31 2024 879 638 ii. FIXED Ass￿ INVEStMENTS sted investments MARK￿ VALUE At l January 2025 Addit￿nS Diwsals RevaluatDns 300,670 iio,000 (50.000) At 31 DeC￿btr 2025 BOOK VALI At 31 D&ember 2025 388.203 At 31 D￿￿nber 2024 31KI,670 There were Th) investment as*ts outside Ihe UK. The deem* hL%toriol a)St of invethents at 31 DeiEmiEr 2025 is Q40,00012024: E280,00(11 Page 13 continued... THE EDWARD BARN&EY EDUCATIONAL TRU NOTES TO THE FINANCIAL STATEMENTS - contin￿1 FOR THE YEAR ENDED 31 DECEMBER 2025 12. 2025 2024 Imber work-ln-pr￿r￿S FIn￿hed g(M)ds 23,350 1470 22,477 13,445 125 478 13. DEBTORS: AMOUTrITS FALUNG DUE WITHIN ONE YEPR 2025 2024 Trade debtNs (Jher debt0￿ and accr￿ incorr Tax recoveTrbk VAT 5,462 215,571 6,223 4,457 32,607 8,098 I￿￿￿￿ed witFun other debtr*s atKI accru￿ income, is a provifjion for a le￿L¥ not yèt ￿￿￿ed at the date of the rerA)rt totalling £150,COO. 14. cRED￿ORS. AMOUNfs FALLING DUE wfTriiN ￿¥EYEAR 2025 2024 Trade creditors xial and ot￿￿ tsxes VAT Otlw creditors Arcruals and deferred Income 71,180 3,482 1497 2,471 47,945 3,413 3,132 104 MOVEMENT IN FUNDS Net movenEnt in fund5 Transfers between nds At 31112125 At 111125 Vnrestricted funds General fund Fixed fund Building and deveknpment fund Workshop fund 241,775 879,638 loo,000 loo 000 257,655 (5,087) 197,265 2.735 (ioo,000) loo 000 696,695 877,286 1 321413 252 568 1 573 981 TOTAL FUNDS 1321 413 252 568 1 573 981 Page 14 continued... THE EDWARD BARNSLEY EDiJCATIONAL TRUST NOTes TO THE FINANCIAL sfATEMENTS- continued FOR ThE YEAR ENDED 31 DECEMBER 2025 15. MOVEME￿ IN FUNDS- continued movement in funds indLKled in the above are as ftAIows: [￿lmIng resour￿$ ResoLftrS experKled Gains and Movement in funds Unrestricted funds General futKI Fixed asset fund 564,310 (334,188) 27,533 257,655 25 TOTAL FUNDS 339 275 Comparative5 for movement in funds Net Trartsfers between funds movement in funds At 111124 At 31112124 Unre5tritted tunds General fiJr Fixed asset fund Bu1￿1n9 and devdopment fvnd Wo￿tK1p fund 140,276 119,945 I￿.0[&) 100.IX)D {26,981) (5,C621 128,48J 764,755 241,775 879,638 Restricted funds Building and developmert fund mrièl fund 460,221 (32.043) 893,L5 1,321,413 159,227 (159,227) TOTAL FUNDS 1,353,456 32 043) 1,321413 Ccffiparative net movement in funds, induded In the above a￿ as folk￿.. Ir£omiry resour￿5 Resowces experKfed Gall￿ and M¢)vement in funts Unrestricted funds General fund Fixaj asset fvtKf 221,2KJ 1265,8621 5,062 17,598 126,9811 5,062) TOTAL FUNDS 270 9241 Page 15 c¢￿tInUed... ThE EDWARD BARNSLEY EDUcATIc￿L TRusr NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 15. MOv￿ENT IN FUNDS . contlnued A current year 12 months and prior year 12 montrs combined poltlon is as follows.. Transfer betsveen f￿d$ At 31112125 At 111124 in fur￿1$ Unrestritted fun(L% General fund Fixed asset furKI Building and Ikvdcpment find Workshop fund 140,276 119,945 ioo.¢yJi 230,674 (10,149) 325,745 767,490 (ioo,(x)01 loo cool 696,695 877,286 460,221 220,525 Restritted funds Building and (Èvel(pment fund Memorial fund 893,235 1,5n,981 159,227 734,C118 1159,2271 893.235 TOTAL FUNDS 1353 456 15TJ 981 A current year 12 months and prior year 12 months combned net movement in fiJnds, indudd in the above are as folknws: IncomirwJ resources Resources expended Gains and Movement in funds Unrestritted funds Genenl fund Fixed asset fvnd 785,593 {61]0,050} 10 149} 45,131 23D,674 610 199 220 525 TOTAL FUNDS 610.199 45.131 220.525 Restricted funds rial fund - funds rais￿ speo"fiolty for the purchase ar￿ ￿nOWdtion of the Ethard Barnsley worltshop and ccttsge. Building and Devek)pffent fvnd- funds Trised specificaoy fty the second phase of the pro1￿t. Do5ignated funts Fixed asset fund - represents the net bo)k value of fixed as*ts. Building and tweloprnent fvnd- fund set aside by trust￿ to fina￿e the secorKJ phase of the projert. Worf¢thop fund - fvnds *t aside by the twthes to finarn￿ wotlshop improvements and equipment Ithich may be acquired. TranSFe￿ between funds The transfer from the general fund to the fixed ￿Set fund represerts opttlised assets purtha*d in year less disposals. The ttsnsft75 from the buildiThJ am devdorment fvnd and WOr￿hOp fund to the generdl fvnd Kere made as a re9j￿ of ￿ proj* b￿ng finished and all fur*1s bein9 ynt. Page 16 c0n￿nUed... ThE EDWARD BARNSiEY EDUCAnONAL TRU NOTES TO TrIE FINANCIAL STATEMENTS - continued FOR ThE YEAR ENDED 31 DE￿MBER 2025 16. RELATED PARTh DIsQ0￿RE5 There We￿ no related party transactions for the year ended 31 D￿mber 2025. Page 17