Charity number. 1192562 Company number.. 12999382 The Cordrey Foundatlon Annual Accounts for the period ended 31 December 2025 The Corthey Foundation Contents Report of theTrustees Ind¢p¢nd¢nt Examln¢rs Reptyrt tt+ t￿rn￿te*S otTh* Corthy FoUnd￿On statement of Finandal Actlvltles Balance Sheet Notes to the Accounts &8 COR REY FOUNDATIO REPORT OF THETRUSTEES EMB ThetNstees%tho arealso directorsef the Ch¥itylorthe wrposes ol the CcffipaniesAct2(M)6. present theirreport wlth the fTnanclalstatements of the charlty forthe year ended 31 tYecember2025.Theflnancial ststements comp wTth the Charities Act 2011. the Companie5 Act 20CK>. the Mernordndm and ArtKks of As*Kiation, and AccountlnBand Reportin8by Charltles.. Statement of Recommended Ptsctlceappllrable to Chariues preparin8thelr accounts in accordance with the Financial Reporting Stsndard applicable in the UK RewWK of Irdand (FR5 102lleffedive l January 20151. REFERENCEAND ADMINSTPAnVE O￿AlL5 Reglstered company #umber 12999382 (England and Wales) Reglsterèj Charfty Number 1192562 R¢Èister*d Office The Lodge Ststion knad Wargrave Reading Ber￿hIre RGIO 8EU Trustees Mr P Cordrey Mr5 C Cordrey Mr M Llnington Mr N Ledger IndependentEwM Essendon Accounts and Tax ￿Mited 3 Warren Yard Warren Pa Stratford Road mI￿n Keyne5 MK12 5NW STRUCTUREGOVERNANCE AND MANAGEMENT GoverninB docum2nt The charfty is controlled by its governln8 documenc a deed of trusL constibjtes a Imlted company. Ilmlted by guarantee. as defined by thè Companles Att 2LK)6. Recnltment and appolntrrtht of newtrustees A new trustee or new trustees may be ippointed at any time (eit￿rbY WÈY of replacement or additlon). Atrustee may be appointed ordischarged by afesolution cf a meetingof the tr￿tee$. providedthata merthx*durn derlaring Such appointment ordi5char¥e byshall be 5i8ned ￿ a depd. eithe¥at the meetinsby theper50n pre5idinsorin other mannerdirected by the meeting and attested by the two other person5 present at the Theetin8. Risk rrTrana8emerbt The trustees have a dutyt¢ identfy and revlew the risks to which the charityls exwsed and to ￿sure èppmpdate contro15 are In place to provide rea5?￿ble a55uran¢e a8airb5t fraud 2nd ewror. THE CORDREY FOUNDATION REPORTOFTHETRU5TEES FOR THEYEAR ENDED 31 DECEMBER 2025 OBJECTIVES ANDACnVITIES Oblectfves and alms Thecharity's objective5 ￿e restricted specifically forthe wblk beneflt to tk fdjowln The advancementof edtscation regardi￿the historyof tsansport, and In particul¥, exhibitinBto puNlc hlstoric v•licles, carriages carts and other mode5 01 transport fry l￿d, Sea?r￿ air, and documents, photographs. artePdcts otherexhibits in Comectlon with the h5story of trdnsporl The advancement of educadon by the provlslon of fln￿Cial supwrt and tralnlng to milltary personnd, Ilverymen, profes5K)na15 lactive or retired) orany memberof thwr famity. The rdief of th95e who are in tEed ¥ a result of ilne5s, pDverty, i*sabifity or old a8e by the provlskn ef hnanclal 511PPOrt. Suth other exclusively charitaNe pwposesas the trustees mayfriHn tine to time deterffline. FINANCIAL REVIEW Resetves kyJIIcy The re5erwes policy 15 reviewed re8ularly to ensure the chty h3S sufficient lund5 to its objectNes for the foreseeable futsjre. FUTURE DEVELOPMENTS Hawns established itsElf durins the first year of e￿Stence. the Charhy alms to contiNe to build its asset base in grder to fac511tste the ffeetlTrg of Its oblecbve5. ON BEHALF OFTHE BOARD.. Mr PCordreY- Trustee Dattr. I510412￿26 INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF THE CORDREY FOVNDATION I repDrt on the accounts forthe perbd ended 31December 202 Respettlve resportsibnitlesof tswstees andexamkner The charity's truaee5 Iwho are also the director5 fvT the pyrpo5e5 of cotnp3ny lawl are Tesponsible for the preparation of theaccounts. The charity's trustees consider thatan audit 15 nct required for this yearlundersection 144(21 of the CharlttesAct 2011 lthe 2011 attl and that * Independenttxamlnatk)n is requ1￿. Having sat15fied mysew that the charity Ls not subpct to audit under company law and is digible IndepeThYent eKamiThation. it is myre5ponsibiltyto'. E￿rnIne the accounts under SethoTr J45 of the 2011 act To follow the procedures lald down I n the 8eneral dlrectlons 8Nen bycharfty CommK%slon [Unders￿tion 1451bl of the 2011 Actk and To stste whether particujarmattets have come to myattention. Bashofthe Indepe￿￿￿t examlnerfs rw My examination was rarried out in acc9rdaT￿ %Yith the General Directlon5 sfven by the Char￿Y Cotnmlsslon. An e￿minatIon includes a review of the accounting records kept by the charity ¥nd a comparison of the accounts pre5entedwithth05e record& Ita150 include5 CL￿sideratIon of any UnU5L*I itetnsordisclosures in the atcounts.and seeklnBexplanètlO￿ from you as trustees contrrning anysuch matters.The procedures undertaken do Trot proV￿e allthe evldence t￿tWoUld berequlred in an audlt,and corbsequentlyno¢)plnlon Is 8lven as towhethertheaccounts esent a trueand fair view. andthe report is limited to tFDse matters set out in the statements belDW. Ind*p￿dert￿•￿I￿s 5tstemgnt In connertion vitth tny examination, tK¥ tnatteT has come tomy attention.- 111 Which lives me reasonab￿ causeto bdieve that, in 3ny m3terial respErt the requirements To keep xcountln8 records In acC￿danCe wlth section 386 and 387 of the Companies Act 2(M)6.' and To prep3re3ccounts wh￿h accord with the accounting records, complywith the￿cOUntIng te4uirement5 of Sections 34 and 395 of the CompaniesAct 2￿6 and with the met￿ld5 and prlnciples of the Ststement of RecommeTh4ed Prxtise Accounting and Re￿}rtIng bYc￿l￿￿e$ have not been netr. or 121 To which, in my oplrlon, attention $hwld be drawn in order to enable a woper understanding of the accountsto be reathed. Ro8er Eddowes Forand on behaK of Essendon Accountsand Tax Limtted Date.. oy The Cordrey Foundation Stotementof Financiol Activities Ilncluding Income and expenditure account) Périod Ended Year Ended 31st December 30th November 2025 2024 Unrestricted Funds Unrestrirted Funds Incom Investment income 19,396 37.794 Donations 127.632 37.5 Other income Expendlture: Charitsble ActNlties 149.809 115.4941 Other Net Income before tsx tax for the reportin8 period 97,219 59.800 The Cordrey Foundatl Company number. 12999382 &71dnce sheet 315t December 2025 30th Novwbber 2024 Hxed assèts Heritage assets Lkence Investments 2S7.711 149,264 42,019 448,994 250,942 168,864 944,335 1304,141 Current assets Debto Cash at bank and in hand 1.043,568 3.227 1.046.794 3.571 20.258 23.829 Credltor5: fall￿￿Je ¢)neyear 113,6751 13.0761 Net current assetslv5al￿l1tlesI 1.033,119 20,753 Total assets lesscurrent Ilabl¥tle5 1.481113 1,384A94 Creditor5 Provisions for liabllthes *xl char8es io Total Ktassets 1.482,113 1,384.894 Totsl unrestrlcted funds 1.482,113 1,384,894 The company was t￿t￿e￿ to exempt5on from audit under$477 of the Corry)*s Act 2CQ6 ￿lating to small companfjes.The menknrs have not required thecompany to obtain an audit In accordance with Se(th￿ 476 of the ConwaniesAct 2(￿6. The dire(tors a¢knowled8e thelr respons￿IlItIeS for comp￿Ing with the requirements of the Comp2nles Act wlth respect to accounting record5 and the preparatK)n of accounts. These accounts have b2en prewed in accordance Mth the provi51Q115 applicable to 5rnall co[ry￿leS sublect tothe 5rnall companle5 regimeand in Jc¢ordarK¢ with FRS102 SQRP. Sryned by Peter COrd￿Y. Tn￿lee Date.. Thecordrey Four*Jation Notes tothe ac£OL￿ts Sectlon C Note l Baslsof Preparat50 1.1 Basis of accouTrtiTr8 These accounts have been prepared under the historical cost convention wrth items reco8nised at C05t OT tran5aclion value unle$5 otherwise 5tsted in the felevant notstsl to these accounts. The accounts have been prepared in accordance with.. Tre Ststement of Recommended Practice.. Accountin8 and Reporting by Charities 9￿parIng thelr accounts In accordarKe wlth the Financial Reporting St*dard ¥plicable in the UK and RepublK of Ireland IFRS 1021 issued on 16 July 2014- The Financial RetK)rtinE Standard applicaNe in the Unlted Kingdom and Repuwic of Ireland (FR5 1021., and with the charl￿e5 Act 2011. The thartty constitutes a public benefit entify as defined by FRS 102. Note2ACCoun￿n¢ Polldes Zl It)cc*nÈ Recognltlonof ITKome These are ir￿lUded in the Ststement of Financial Activities (SOFA) when.. The (￿rity becomes entitled to the resources, itis rnore likely than notthatthetnJstee5 will ￿￿efve the resourcesarKI rrb¢Jnetsry value C￿ be rnp3sured Tih 5uflicient ￿liabilItY. Oftstttini There has been no oftsettlng ol assets and Uabilities. or income and expenses unle* required or rermitted by the FRS 102 SORPor FRS 102. Grants and D4n*tlofis Grants 3nd dO￿ti￿n5 we On￿ included in the SOFA when th2 general rncLYne reco8rNtion critetia are mEt15.10 to 5.12 FR5 102 SORPI. In the case of pèrfomiante related yants, Inctl￿e must only be reco￿lsed to the extent that the charlty has provlded the speclfled good5 or seNice$ 35 entitlement ¢0 the Srant orty occurs when the performance related conditions are met15.16 FRS 102 SORPI. 12 Expenditwtand IlaWIIti¢s Liability reCogn￿kn Liabilities are recogn1sedw1E￿ tt Is rnore Ilkely than notthatthere b a legal orconstruthve obll28tlon coM￿tIng the charity to pay out resource5 and the atnuunl of the obli8atioTrcan be measured wTth re3s0nabk certaknty. Govemance and ￿pport costs Supportcosts have been alloc3ted betyveen governance costs and othersupport. Governance costs compromista cwts invofving publir accountsbility of the ¢I￿rIty and its compliance with re8ulation 3nd sood prKlice. Supwrt costs include central functioris and have bpen allocated to actNityc05t iate8orie5 on a b3515 COn5iStentwth the use of resources.e.R. allocatlng propettycosts by noorareas, or percapita, staff costs by thetimespeThtandother r05t5 by thelr U￿ge. D￿erred IrKome No materkal item of deferred income hJs been included iThthe accounts. Credttors The£harity has creditors which are measured at setUemeTht amwnts less anytradE discounts. Provlslonsfor Ilabllttles A liability Is meawred on recopiition at its historical c05t and then subsequently rnea5ured atthe b¢ttestimat¢ of the amount requI￿d to settle the olAi8ation at the reporhn8 date. Ba5ir Finonri4 I1￿￿meThts The charity 3ccounts for basic financial in5trument5 Qn initial retognitK)n as r*r paragraph 10.7 FRS102 SORP. Subsequent measurement Is as per para8raph5 11.17 to 11.19, FRS102 SORP. 2.3 Assets Herita8eA5sets The charity h35 herrtage a55ets. th3t 15, non-monEtary assets ￿th historfc. artistlc. scientific. tethI￿￿81ca1. E*)physical. orenvironmentsl ouallties that are heldand malntslned princlpally fvrthelr cikntrfbutlon to knowlgdge culture. The depreciation rates and methods used a5 disc105eO in note 5. They are valued atCQ5t. Debtors Debtors (including trade debtor5 and loans r¢ceiv3blel are measured Init(al recognition at 5etUement amunt after anytrade discount5 or aMount3dvan￿d bythe tharity. subsewendy.thw are measured atthecash or other tonsidÈration expected to be reteived. Note 3 Expendlture Charitable *bv((ies include an amountof £1,916 bank ch3r8es. Note4 D•taits of c*rtaiTrtyW ofpxponditur• 4.1 Fe¢'s fora¢¢wntsmtystrvI￿ Pos in¢wTrd aslolbws 2025 2024 Independent Ex2mSners fee's 1,785 1,741 Assurance services other than ￿dePendent eXaMinat￿n Totsl 1.785 1.741 Note 5 Herfta8eAssets C3rTiage purd*se totsllin8 £&769 have inturred durfngthe year. No depreciatvjn has been provided in the period, noTany rèvaluatlDn or impaiment amounts. The assetstomprse of a selection of histofic vehicles. cafflages carts, and otherrnc4e5 of trartswtfor lond. sea and air. Note 6 Llewce The Ilcente relatesto costs incurred torthe preparation of a zarageand parfting area in relation to a 10 year licence 8fanted from lrt December 2023 The asset Is depreciated or* a strai8ht line basis over the 10 year ptflod ef the licence wth effectfrom Aprll 2024. Note7 InYe5tments 2025 2024 Investment in subsrfiary at tost 845 Invethents hdd atfalrvll 44 Total 42.019 944,335 Inve5tment5 have beeTh valued at the rnarketv3lue a5 at 31 DetembEr2025. The Charity holds an Investment In Foundatknn Cordrey SAS.measured at crJ5t of EUR I.OCKI. Note 8 Dtbtors Wépaym￿ts 2025 2024 Debtors 90,029 Amount due from wholly owned 5ub5it*ary 949,S40 VAT 571 Tolal 1,043,568 3.571 Note 9 c￿dIt¢￿S al￿ acrruals Amounts falllng due wllh1no￿year 2025 Other creditors 11,275 1.776 Accwals T¢>131 13,675 3.076