Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P 1116 Charity number: 1189942 THE VLM FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P2116 THE VLM FOUNDATION CONTENTS Reference and administrative details of the Charity, its Trustees and advisers Trustees. rewt statement of financial activities Balance sheet Notes to the financid statements 8-14 Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P THE VLM FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2026 Trustees V L Marshal S J Chilvers D J Mwphy Charity registefed number 1189942 PTlnclpal offlce Flat 3 7 Nethert￿ r London SW10 9TQ Aeeountants Chartered Accountsnts 2 COMMUn￿al￿￿$ Roaj Greenham Businèss Pa* Greenham Ne￿ry Berkshire RG19 6AB Bankers Coutts & Co 440 Strw LoTrJon WC2R CQS Solicitors Ma¢f￿￿*S LLP 20 Cursttor Street EC4A 1LT Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P4116 THE VLM FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDÉD 31 MARCH 2026 The TrLtstees wesent their retKxt tC#pther Vdth the statemerrts of Tr VLM F(mJndatiL￿ for the year ended 31 March 2026. Policies and objectives The CIO Cl￿StItUti"On gives the Tntstees the pr￿￿ to L¥)th ts inc*>ne WKI ¢4Mlal to such legally chaiilable purM)ses in the Unrted KirYyJ￿ ￿ Lxts#le the Urwted as the Tntstees shall in their absc4ute discretion from time to lime think fft. The Tnjslees are rwed to give tOns*Jeratic￿ to charib'es which advance education, environmental prOteth.c￿ or impYovemenL amateur spyl. parb"culady sailing and lo relieve povety a focus on chiklren. rdwees and the h￿Ide$s. In setting oty"ecb'ves and plannir#J for actNrties, the Trustees have given ¢kn cLY6idwab"cm to general guidance published by the Chanty Commissrn rdatiThJ to public benefi( Ir￿4￿￿1￿j guid¥bce 'Flthlic benefrt.. running charity IPB2}'. Achievements and perfornMn¢e Main achievements of the Charity Dl￿ng the the Tw5tees have m* g￿ts totalSrvJ £40,COJ12025. £50,ocoI to ch*itable cffganisaticns. 18 12025 - 201 separate grants were paKI lo 16 1202< . 161 charita)le wisatsons. T￿se have benefitted the public in a variety of ways, frcrfn SUPF>)unts are m*Je by all Trustees. vh*•￿￿eT￿sthslél.TIcX4SuV￿KLW￿KtrYIO2621th2l BSTOtrc+1)D 111 Pf416 THE VLM FOUNDATION TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 structure, governance and management (contin￿) statement of Trustees. responsibilities The Trustees ￿e responsible preparirKJ the Trustees, re￿E ￿ the financial statements in accordance wrth applicable law and Unrted Kir¥Jth*n Acwjnliry SI￿d¥d$ (United Kirylom Generally Accepted Accounting Practice). The law apFAic&4e to chwilies in ErylarKI & Waes requires ts TnBtees to yepare fin￿￿41 statements for each financial vthich give a true and fair Mew of state of affairs of the Charity and of its incoming resources and applicalicffj of reS￿lee5. *iclthlirvJ tts irKc*ne and expendriure. for that Feriod. In preparing these finan¢ statements, the Twstee5 are requyed to.. select surtable accounling ￿l￿eS then ￿ them ￿￿Sisten￿￿, cbseNe the methods arKI of the Ch¥ilies SORP {FRS 1021; make jLhJgments and acccAJntirKJ eslimates that are Tea50n*e wtht.. state ￿￿ther aFpIKable UK Acco￿tir￿j Starthrd5 IFRS 1021 have been f0lh)v￿d. subject lo ￿Y material departures disclosed ard ex￿al￿d in the financial ststements.. prepare finar￿1￿ statements on the goiNJ concem basis unless it is in4yopriate to wesume that the Chanty will c￿tir￿ n bjsinss. The Trustees are resp￿sible for kee￿ng *uate x(x￿ntIrO records that are sufficaent to show ar￿ eX￿aIn the Charity's transactb)ns aTrJ disclose wth reascnaNe acojrw at any time the financial positic￿ of the Charity arKI enable them to ensure that the firbarrial statements ¢LYnply vitth Ihe Charities Act 2011. the Charty IA¢cwnts Reportsl Reg[1￿1￿& 2008 aTrJ Ihe provisi￿3 of the Trust deed. They Ore ejjo iesponsible for safeguarding tr* assets of the Chanty hence fcrf takirYJ rea$￿￿ble steps for the preventKffi and detection of fraud and other irregUlar￿'e$. ApFxoved by order of ￿ membvs Lrf ￿ t*wd ofTntstees their bèhall by. P MLwpkq D J Murphy (Trusleel Date: 20 May 2026 Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P T116 THE VLM FOUNDATION AccouKfANTS' REPORT FOR THE YEAR ENDED 31 MARCH 2026 In accordance vAlh our temts of engag￿nent, we have pyepared fcy yOLf appyoval the ffin￿Ck￿ inlcffiialion of The VLM FoUndatIc￿ for the Y￿ ended 31 2026 which comprises the statement of financial activib"es, balance sheet and rel*d Tr*es. ind￿J1￿ ac¢cunb"ThJ kx)licies frcKn the ￿￿nting records and infcffiialion and explanatiorts you have gven to u& As a memEer firm of the Instrtute of Chartered ACCo￿tS in Eryland and Wales IICAEWI we are subject to rts ethical and other professKywl requirements ￿kn1¢h ¥e detsiled al vmw.lcaew.comle￿Membershl regulationsstsndards.and.guid¥Ke. This reFUt is made sddy to you, n accudwKe temis crf cu engwent letter. wcwk has been undertaken soldy to pyepare y)ur approval the financial Infom)at￿ of The VLM FoL￿dat￿n and stsle those matters that we have agreed to slate to w in thts reF*Nt in acc￿dance with the guidance of ICAEW as detailed at icaew.comlccfflpilation. To the frjllest extent perrnrtted by law, we do Tr)t accept or assume responsibility to anycf* otr*r lh￿ the trustees of VLM Fuxthtion fcrf our 4th. (* for kn's rerth. You have apwoved the financial irbformation for the yew e￿Ied 31 Mar¢h 2026 * have a¢kn￿e￿3ed your reSP￿sI￿1ty for it. for the apprcpriateness of the finan￿￿ rewting framewc4k a*)ted and for providing all infomialion arKI ex￿anat￿lIS necessaryfor its o)miiLation. We have not verffied the xcurxy or KxThpleteness of the ￿￿jntir￿j re¢￿ts crf infomiatson and explanatsons Y￿ have given to us Ise th rnt. Uwefc*e. exwe5s any opinw w the finwKial inf(￿rnati￿. fv5 (nAJPo/ James Covfj)er Kreston Chartered Attountants 2 C¢Jmmunications R¢)ad Gfeenham Business Park Gieenham Ne¢thry RG19 6A8 21 May 2026 Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 PP116 THE VLM FOUNDATION STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2026 Unrestricted fun(ts 2026 Totsl funds 2026 Total funds 2025 Note Incorne from: loo,￿0 4,465 Investments Total income 104.465 Expenditure on: charits￿e actiwties 42.520 42.520 53.380 Total expenditure 42,520 42,520 53,360 Net movement in funds 139,1761 139,1761 51.105 Reconciliation of funds: Total fvnds brought fcr Net MoveM￿t in fw 148,935 139,1761 148,935 139.1761 97.830 51.105 Total funds carried forward 109,759 109.759 148.935 The SL*menl of financial acbvil*s Ind￿ ￿1 wns ￿ losses recc8r4sed in tr* ￿r. The notes C￿ pages 8 to 14 fc¥m wt dthese fin¥K¥I statements. vh*•￿￿eT￿sthslél.TIcX4SuV￿KLW￿KtrYIO2621th2l BSTOtrc+1)D 111 P￿6 THE VLM FOUNDATION BALANCE SHEET S AT 31 MAJICH 2026 2026 2025 Note Current assets Cash at arKJ in haTr 112.279 152,295 112,279 152.295 CuThent liabilitie5 Creditors: amounts fallirwj d￿ Y￿1h1n one (2.520} 13,3801 Net current assets 109,759 148.935 Total net assets 109,759 148,935 Charity funds Umestricled furds 109.759 148.935 Total funds 109,759 148.935 The financial ststements here apWOv￿ for issue by the Trustees S￿￿d on their behalf by.. P Mbwp4 D J Murphy (Trusleel Date.. 20 May 2026 The notes C￿ pages 8 to 14 ft>mi wt crfthese finwl statements. Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P 1M8 THE VLM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounting policies 1.1 Basis of prepaation of financial sLiten The fina￿la1 statements have been wepared in ￿r￿dan￿ ￿￿th ts Charities SORP IFRS 1021 . Acc(yJntirKJ Reportmg by Char￿e5.. Statement of ReccfflmerKled Practice applicable to charibes prepariThJ their accounts in ￿CordanCe wrth the Financia Repth"ng Standard applicable in the UK and Repu￿￿ of Ireland IFRS 10?) leffeetive 1 January 20191. the Final￿la1 Rerxxting Stsndard appI￿￿le in the UK of Irel¥#J IFRS 1021 arnj Ihe Ch¥ibes Act 2011. The VLM FoUrKlat￿I meets the definrt*)n of a Wb1￿ benefft enb.ty uThJer FRS 102. Assets and liat4'1th'es are inttslty recc•Jnised al historra ccsl (x transxtscffi value unless othepAqse slated in the rdevanl aco)untirKJ pdicy. 1.2 Income I rKiThe 15 re¢c4wwl orKe the Chaty has entillemenl to the YKL¥ne, it 15 wobable that the inp)me will be rewved of incune receiv*e can be measured reli*4y. IrwAyne tsx re¢overth vi relalion to investsnenl iK(Kne 1$ recogmsed al the time the nvestment irKyJme is receivable. 1.3 Expenditure Expen¢knire is reeo3ntsed or￿e there is a legal (* CA)nstruclive ok￿￿tle￿ to transfer ec£Jnomic benefit lo a third paty. rt is prcthtle that a transfer cl ecorKrfnic benefrts wll te required in settlement and the am￿nI ol the oblvJation can te measured reliabty. Expendrture is classified by ￿tivty. The costs of each actimty are made up of the tota of direct costs and shared costs. includirKJ SUPF#Jt costs invdved in un¢￿rtakIng each xb"wty. Direct eosts attr*thble to a siftg￿ actiwty are albcaled directly lo that actimty. Shared costs vthich c￿l￿tr*the to more one acbvity and supwt costs vthich are not attn'butthe to a single &ts'wty are app￿ts￿d beb%een those activibes on a basis consistent wrth the use of re50urtss. Central staff costs are allc¢ated ￿ the basis of time spent, and deprecialic chwges all¢)cated on Lrf the a5seVs use. Expenditure c¢b thaitable acbvibes is incurred on directty uTrJertaking the actsvibes fvrther the Charitys oty'ectives. as as assooated sur¢*xt costs. Grants payable ae Charged in the ￿then Ihe clter is made except in those c￿$ where the offer is ¢￿d￿"¢￿￿1. such beir#J recc43nised as experKJTiure ¢ondrtKffis attaching are fU￿lled. Grants offered subject lo ¢c￿ditX)ns haN* not been met at thè year end are noted as ccffimilmenL but r￿1 accnRd as experKlrture. 1.4 Interest receivable Interesl on funds held on Wslt Is Ind￿ed vthen receivable and the aMo￿t can be measLwed re1k4￿Y by the Charty. tlis is nwnally notification of the interest paKI or payable by the 1.5 Cash at bank and in hand Cash at bank hand KKaudes cash and SI￿.terM high￿ liquNJ Wbveslments y￿1h a short maturity of three montFLs CK kns from Ihe date of wilsilK￿ Cf OFenir4J of the dep)5rt cf Simil￿ account. Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P 11118 THE VLM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounting policies (contin￿d) 1.6 Liabilities and provisio Liabilthes are reCc￿L$ed vh*n ttwe is ￿ cèligation at the Balar￿e sheet date as a resu￿ of a past evenL rt is prcbable that a transfer of ecc¥KYnic benefft wll be reqilred in setuement, the amount of the setuement can be estimated relW. Liabilthe5 are recognised al the that the Chan"ty ￿ti￿"PateS rt will pay to setue the debt C￿ the amount rt has received as a¢fvanced payments for ts g￿>J5 ¢y services r( must provKIe. Promsions are measured at the test estimate of the amount5 required to settle the obligation. Where effect of the b.me value of mctry is material, the wovi%icn is based cn the present value of those amounts, disc￿￿ted at the pre-tax disoyjnl rate that reflects the risks specffic lo the liability. unvAndirKJ of disc￿nI ts reccgnised in the Statement of financial adivitE5 as a finance cost. 1.7 Financial instruments Charity ￿lY has awts arbj finawal liabil￿e$ of a kind that qualfy as basic financial instruments. Basic financial instruments are inth'ally recc#Jnised at Ir¥saclion value and subsequently measured at their setuement value with ts excepticffl of b￿k loan5 vthich are subsequendy measured at ￿￿tiSed cost ugr4J the effective intwest method. 1.8 Fund accounting General fvnds are unrestricted fvnds Ithid) ae availaNe for usc at the th'suetion of the Trustecs in further¥bee of the genttd c*JJectives of the Chanty and ￿1¢h have rtr)t designated for other Invesknent inc¢Mne. gans ar￿ losses are alkxated to the apF*cpriate fur￿. Income from donations and legacies Unrestrided funds 2026 Total funds 2026 Total I￿￿S 2025 loo,￿0 Tcrtal 2025 100,CD) 100.C*N) Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P I￿8 THE VLM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Investment income Unrestricted funds 2026 Total funds 2026 Totsl fijnds 2025 Invesknenl irKome 4.465 Tcrtal 2025 4,465 4,465 natysis of grants Grants to 115titution$ 2026 Total fund5 2026 Totsl fimds 2025 Grants 50,000 Tcrtal 2025 50,(#XI Charity has m•Je the foll0vM￿ matwial to ￿lI¥j the y2ar.' Page 10 Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P I￿8 THE VLM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Analysis of grants leontinuedl 2026 2025 N￿e of institution Bames Rw*y Fcolball Cl￿9 British Red Cross Children He*d and Seen Dementia Support Sèje HcAtse Greenpea￿ Envrcfftmenta Trust Internati￿ Rescue Commrtlee- Ukrw"r Isliw Boat Club Magic Breakfast Medeans San Frontieres {UKI Medical Aid for Palest￿lan$ MS Soc*ty PapyTUS UK River Thames Bcqt ￿￿'eCt St Mungo's St Wiwrids Hospice Su8 Rycler The F￿tprints F￿lty Trans Legal Clinic United ￿r￿4￿)M for UNHCR 5.OJO 1,ts)0 5,IXsO 5.OJO 2.ts)0 10,000 s.(K>o 37,000 49.1)00 40,000 50,000 Anaty5is of expenditure on charitable xtivities Summary by fund type Unrestricted funds 2026 Total 2026 Totsl 2025 Charilable aCtiv￿e$ 42.520 53,3eo TcAal 2025 53,360 53,3&J Page11 Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P 14118 THE VLM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Analysis of expenditure by activitles Grant fithding of activities Sw¥x>rt costs 2026 Total funds 2026 Totsl ds 2025 2026 CharitaNe actIv￿S 2.520 42,520 53.380 Tctsl 2025 53.380 Analysis of supwt costs Total fund5 2026 Totsl funds 2025 ntawfees Trustees. femuneratiw and expenses Dwikvj the year. M Tnjstees received aby remthieraticffl ￿ other benefits12025. £NILI. DLWIW the year ended 31 Mxch 2026. ￿ Trustee eXr￿rrttt have been Ir￿￿red1202S. £NILI. Creditors: Amounts falling due within one year 2026 2025 3,360 Page 12 Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P 1918 THE VLM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Statement of fvnds statement of funds- current y Balance at 31 March 2026 Balance at 1 wil 2025 Income Expendituwe Unrestricted funds Generd Fund5. all I￿￿J5 148.935 {42,5201 109,759 statement of funds - wior period BalwKe al 31 March 2025 BalarKe at 1 Aw'l 2024 In(xrfne EXFerKIit￿e UnrestTiCted funds Ger￿￿ fvrK 97.830 104.465 (s3,￿1) 148,935 Page 13 Vl*JaW7nalLièTf*wthR4f.TOCX4SQv￿KLw￿￿tsY1O282Ith2l BSTiufc+1)D 111 P 1ell8 THE VLM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 10. Analysis of net assets between ￿ndS Anatysis of net assets between funds. curvent y Unrestricted funds 2026 Total lunds 2026 CLrrent assets Credil¢ws wrthin C￿e year 112,279 12,5201 112,279 12,5201 Total 109.759 109,759 Analysis of nèt assets between funds. prior year Unrestricted fvnds 2025 Total ds 2025 Cwrent assets 152,295 13,3801 152.295 13,3801 T¢)tal 148,935 148.935 Page 14