RECISTEKED CHARITY J¥UMBER: 119424J PORT O THETR A￿st￿n￿ Accountsn¢v Ltd CIw*red Arcountsnts and SraDJtr)ry A￿Allor 1 & 2 McrcÉa Villagc Torwwj Close Bw8ine55 P•* co￿¢￿[0. West Mi¢J141t CV4 8HX NTE OF THE FINANCIAL ATE Report of the Trnslees I to 10 ReiN)rt o(Ihe IMthpeDdtn¢ Auditors St*teDW•t of Flum¢iil ArtlvltiÈs 14 B#laTrte Shett 15 Notes to the FID#ne1￿ St¥teJntnts 16 w 25 Det•Aled St*ttm¢*¢ Of FID*•¢l*l Artfvltks 26 to 27 BF.RKSWELL CHARITIFS REPORT OF THE TRUSTF. FOR IIIE YLtR ENDED ARCH The trwtees pr¢Knt thcir rep(xt ivtth the financi¥l stste￿ of the charity for ts year erxkd 31 March 2026. The trus*¢s have adopied provisi￿ of Accounting and Ry￿]ng by Charities: Stakmettt of liccomm¢nded PraciÉc¢ appliLable lo ch2riries preparing account5 in accordance wth the Financia] Keponing Standar41 opplicable in the UK and Rq)ublic of Irtland IFRS 1021 leffe£ti¥e l Janu8ry 20191. 0￿Er[IVEs AND AcfIviTIES Objtctivej *Kd •lrt% The object5 of the CIO ar4 for the benefit ofthc public in area of ba]efit". lal lil Ihe provision aTrY M￿ntenance of a 511¢ for the Sd￿1 Iwthin the mcaning of EdUC￿lon Acts) in or near BerL%￿rI1. West Midland& and lill '['￿ advancement of education ofpupil.s in the principles of Ihc Church of Enxland lin¢ludin8 ￿¢78] and physical tr&ininRI through tht provision of i*ms 5er¥ryces faciliii¢& s￿14] bcnefits ofany not to be PTovided by Auth(Kity the benefit of the SchcH)l and its pupils. Ibl The relief of PDVaty affl0￿ the inhabilarrts ofthe area of l￿fiL incI￿1n8 by the wovisiort of SOCI￿ Hou5in8 in thc forni ot Almshowe Accommodwinn or otlw knusin8 acawnmothtion IclTo fvrther ihi religiou% other charithblL pu￿￿5¢$ OF ihe Churth of Engknl in the parish b). maintwning aTKI repairin8 the fabric oTrJ ¢ontents ol'the Parish Cljwch of Be￿11. IdlSu¢h oth¥ charil4ble puryws fur the benefit of th¢ inhlbitants of the arta vfbenefi¢ as the tr￿¢¢$ think fLI. BERtLWELL CHARITIES RTOF FOR THE YEAR END E TRLsfELS JI MAR H 21126 O&JECTIVES AND ACTIVITIES Slgnifieaml actfvitiej The'frustees ot'ilerksivell Charities h&ve. in lir¢ Mith 8ix)d govern￿ at dl tirnes acrtd in the interests of the Charity. RtEAslertd Prnider of SD¢i*l Ihe charity is registrnl with the RC￿l￿Or of &Kial HwsiD8 as 8 rrt)nTrF￿fiI privwt regist¢red provider of social h(￿SIng. Thr Chartt)'$ regist￿¥xl number with the Re8ulator of &Ktal HO￿Sing is SI￿. It is estsblithed under th¢ prowsions of the Hou5in8 at)d Regener&iun {IlRAI 2￿>8. The numkr ofuntrs Or￿claI hO￿ing owmed 8TMJ man•ged by the charity ￿ th¢ ¢nd of thc ye4r wtte as followB.'- Almyhouse aGcThnM￿8l10￿ provided ￿ of l# April 2025. 14 Alm5housc at¢omm(thion provid￿ &sof 31st March 2026-14 Almshou*e Pr4)pertlts The Charity'$ ￿M$h0￿8t prOr*rt1￿ iotAI r(Mtsn in number. eighi of whtch 51tUa￿ in Churclj La￿ Berksw¢ll. whi15t the ￿maIn2n8 six art in Cromwcll La￿, Burton Gften. Tr Alms]MTrLLW have coniinuousiy {￿uP1¥d throughvut the ￿countIn8 period save for one void from 7 Atffil 2024 to ¥ May 2024. Durin8 whi¢h ihe Property was advenised ond a rebidLrtt iv&$ ap￿Inted ThL total wttkly maintenance elynwib￿1O￿ rffoived ivas £IO&OI I fucl charge of£6,755. The Cosi of ￿paIrS io Almshou*' pn)pert¢¢s wrrL Un,698. OV¢T•JI coA5 for the provisivn of Almsh(A￿¢S £33,920 (If 31 March 2(126. Th¢ diffErence is mtde up ofrn4V￿gerncn1 ￿pL￿*S ar￿ prum irwrw. Other Proptrtkg Rent•l In¢ome Durin8 2024 rent reviewj wrre twd on 8 year r¢vi¢w. The rents will ￿ teviewrd the tinwial ye&r rK)mmLncing I April 2026. A void ex?SiLYI w one of private resideniial propernie5 Since l Fe￿UYry 2024. ￿ deci.%ion ￿kcn by Ihe l ￿￿tee$ Iv ￿11 tht PrO￿rty M the mwket wth the proc¢¢ds ￿'ing reInV￿1Ld in the Aimshothse Proje¢1 Fund. I'h¢ SMIL ol. Gmvc C-0ttogL rompleted on the 29 Augus¢ 2￿5. Frorn l April 2025 io tlx dat¢ vf compleuon th¥ Colt of the i'oidi Y¢ £1,931. A void existed ai The Collage 10 NOv¢m￿r to 23 Decembtt 2025. To41 voids iDcutYed £592.14. Total income from thc invc4m¢nt prop¢rues £60.69] 31 March 2026. In the Prec￿lD8 year on 31 M8r¢h 2025 Ihe incom¢ £fAI,045. V*luAiioR of th¢ Flxed Assets The 'TrLL*es Obthin￿ 4 va]u&tion of ajl of the and l&tKI in March 2025. The fwr vajuc of inveslment prop¢rtifs on l April 2025 w¥$ £4J14.915. Tr yaJ￿11(￿ in 2026 I￿re rAsses*d on 31 March 2026 at £3.7tii,315. Expettdltmre 'rhe will eutttinue to M￿￿tsi￿ 911 PfDWIiL3 on a cycli¢¥i ba5i5. As th'ill be dekrniincd hy the Tn￿*¢& su(rt¢ient fund8 will be InVv)1￿ desienated for tlus In April 2024 the Regulator of Socilll Housing introdu¢¢J 5ignificanL chanBCS ts) the way 9x181 laThJlurd5 Hrre regulatrd. Undcr thL Housing (Regulaiityil Act 2023 greater powEr5 were ￿1Ven to the Rcgulatorof s￿la1 HO￿￿8 whirh includal the introduaion of rcvi8e4J consumer standarth. Pa8¢ 2 BERKSWELL CHARrriEs REPORT OF THE TRUSTELS FOR THE Y￿R ENDED 31 MARCH 2026 OBJECTIVb.S AND AcrIvTriES Alon&stde the Rent Siandard, the oultom¢s of the Govern￿ Finryial Viability g￿ndard and Value for Mone Si(tTLdard th¢ required outomes of Var1d￿￿$ are inierdewdtrt tky share the of a viabl< efficFen(, and W¥ll.govtmed s￿i￿1 housing s¥rtur able ts) deliv¥r quality and seTri¢e5 tor curreni future o¢ci¥wnts. The have to cnsure that they have tlwc Aandanb alIg￿d wth Heoith 8ThJ 8ttfety Standa￿ The I"nL8te¢s aTe awdre ot.the ￿t¢￿Ilar implicaiiorns of the [..r￿￿ Efficiew Regul￿10￿S Bill , wthtch d￿￿Jing on the ￿timale impact ¢rcaied by tht etL%uin8Act may ditwtiy impacr ewmditiwe in the forthcomin8 ye4r The Trusttts r¢Tllain cor6cious of ￿rbo￿￿utral (argcts ￿ as far as ￿ are able, due to th¢ mc&wTes shajl undertaken to minimise emissions. li prn[￿ that any almshouse prw1i¢s built will adopt n2any grten initiativts as th¢ in¢lusion of s01• p8￿lS and oir JThwce pumpk Almsbouse Prnjtti The AJm5hous¢ Project l.uTrJ emablished in line wtth the ytraiegi¢ Objecti￿ of the Tru8t¢¢5 in April 2021. The syecific pwiuse of the fund ts to d¢v¢lop new Almshou￿ within ihe Parish and provide addilional ￿la1 housin% for thtsse in neÈd ivithin the area Or￿nefit in line with the C.harity's Objethk 'lthe fuThJ currently SthrM15 al £W8.67() on 31 March 2026. Planning Permission to ￿l]d 37 additiornl almthu5CS And *n¢i118ry Site facrliljes 8rant¢d on 10 oL.￿ber 202S. All ne¢es¥ary *eps thken by the T￿￿te¢S 10 wovid¢ clarity and a&fft8t on80it)g fOrCc&￿sng and b￿jEeting 0￿cernin8 the c.haritys pLYmaneN *Nlowncnl prtip¢rties ￿ ¢n5we the m*ximi4tion of ir￿me fn)m the FnvLslmeni prop¢rtie3 i¥ obthiJ¢d unthCh&ritv IAW re4uirtmenr Publio btntfit "lThe Lhuri¢iLS' tr￿￿et$ hav< rcwd to the awity Commi55iorfs pjblic b¢nefii 8uidwnc¢ whth cxercigin8 any ￿werS or du¢ies lo whiih the 15 relev￿L Future plans Objeaiwes for t￿. sw medium. Ind long terni wcre identifwA Irillowin8 a d¢t4iEed Rud&el ond mttiing. Resultin8 from thi& thl. TnJ#ees ￿VI¢W thc scy ofthc Str*y L% pwt of the .1 nK81C￿ mectin8k thi¥ ￿rYt5 io fo¢u5 Bnd mcasure aThJ if StrTr￿1¢ r¢quir¢ revie*. Sbort Tem During th¢ coming y¢•r. the chtriry will (￿171￿ to fiwthcr all the dwithbl¢ objects and ￿11 Contin￿ io identify all unredised &S5￿￿ ivheth¢r property ￿ land. Thc Trus*cs will strive within lh¢ limits of their in¢im)e to meei propLTly pr￿en￿d r¢quc¥L¥ for donalions from ir¥jivid￿$ and orwu5atlo￿ ￿igned th¢ objeGts oftk. Chority. The QThariLN will eontinue ￿ s¢rive tolfrwd achicving the strtryy estsblislKd in 2021 ¢0 ￿lId more almshousc5 within the arca 01.￿,￿¢fIt for the communiiy. The Chartty will contlnw to D￿nitOr th fmBncial viability ofth investment properties given the 8igftificDth CAM of 'pairs #nd main¢enart¢e, insurarKe premiurn4 when compared to the M iKI)me reL%ivable. Thc introduction of prop￿￿ed Irgistaiion tvrihe prii'aie sk'aor risk Trw*e5 are *a¢¢ly or. M￿lum Term l o continu¢ lo scek ￿£￿tunIti￿ for new incorne str• w eThwrc the n¢¢ds of all the tthBficiories are mct and enablc fvnd4 ro bc sct &si(k to provid¢ AJrnshous¢s wi¢lun ihe Varish of BerkswEII l(Jr hcnefit of i]Mis¢ in wi¢hin the Parish sUTrow￿l￿g arc& shO￿d the Charity k unabl¢ ￿ pr￿¢￿ M"tth the Alm8house projr¢ the TnL8tees shall immedialely ￿leW the ￿ of the invexal. Tenn ro build addition￿ ￿m$hOuSe Pwies f(rf those in n¢cd Nithin Parish of BcrLsw¢ll 5urn)unding &rea to merl thc Ckntable objects lo relieve rxTrv¢rty in the are&9 of F*nefiL To ￿ to dcvclop ttew rcvenue strtams to continue to meet tk Chariws obligaticL8 to cxisttn8 aThl FMJ￿tiaj futyre ben¢ficiarie& Page3 BERKSWELL REPO T OF TIIE TRU￿"gEs FOR TIIE YEAR ENDED 3 MAR ACHIKVEM8N75 AND PERFORMANCE Charitsble adiviti DonAtlow from lyt April 2025 to Jlst M*reb 2026 Berkswrll Chur¢h oCEngknd Aided &hool t)urin8 lh¢ ￿Co￿lling ￿1(￿. the following financi& &481sta￿e w&$ paid to the sch(M)l. The Anhur James Bequesi of £612.19 paid to thl ty be pl￿ irrto a S￿[al fijnd tn 8£cordance ￿1th the term5 ofthe iNuest lo assi*( pupils wlx> ¢Ah￿l* may ]M)t be able to att¢nd edl￿100￿ Visi￿ eith¢r T￿IdentIal or day. Otheriltsnations included.. SchiN)l L¢avcT5 Bibles £419 Chriskn85 Community [￿(h £5(M) Uth¢r tk)naitotts lo Berkswrll C of E Primary School The I ru%tces also a8￿ ￿ make following (k)n￿lo￿l in Te5pea of TepoiTS and maIntet)￿ lo the Sd￿01 buildings. Donariot￿ were madl. up of.. StnJctUTal Fmgir*et¥ ongoin8 j￿In110ntsg of ps1￿yFsl £1.080 Icomincnced 20191 Roof R¥pair% SafeguDrdin8 And l.ife S&t¢ty Rcpairs £IO.505 '] otd d(NiJ¢ions (o the 8GknI during the ¥¢owli￿ pen￿1 £13.1 16 l)oTrations to 81 John B4)tiA Church £8.152. Findncid AssisiarKe to B¢0efiC>ari￿ in the Area of Bencfii tknwiions io the r￿￿. dwin8 the yw. AmounW to £2,865.(M) DonAtIon$ io Ory•ntsa¢oows Bcrkywtll and Bal5￿] Rugby >'ix)tF•ll Club £lO.(JXI Berkswrll l.itter PiLk £300 Il&ls&ll Common Pi¢ni¢ irt the Park £l,IKK) CTk5wL.11 Parish Council £3.765 Thc tant Charity 50. PA>lihull Parctrt Cartr Vtsicc CIC £I.(K Si Peters Church £2.(KlO HS2 Respite LkTrna¢ioJL% Cromwell IAne £15.813 Nonc of the gratLi'3rtttpients 8re rela￿ ￿leS poirroF THE TR RTHE ED31 stE AR ACRIEVTr.MENTS AND PERFORMANCE lJJve5tm¢ffji performinet llie primétry function Of the irtve5tmffl¢ sir8iw ￿rnat￿ to prmided capithl seoxity with little risk whilsi combining wth ex¢Lllent liquidity and a COM￿luve vield. CCLA WIN) in thL have pcrfornjed very well in thEir mana8anent of the Chariri¢s invcsments have over th¢ p&%¢ vear failcd to keep roce Wtth itNlusty benchmark5. A rtr¢ni takeover by Jupiter investmertt maTW mhy address this th)rtfall. The investsnents Prod￿¢￿ an in¢ome of £147281 d￿l￿thE *aXMttin8Wi(KL a 5matl it￿e￿e of over the £120,336 in the pmious ￿coulting pwiod. During the year thc quarterly dividend hAs grown ￿tadilY sthrting the year at 2.20 penLe per mit and finishing in M8n'h 2026 ￿ 2.35 pencc pcr ￿lI. Full yvdr dividen¢ls 9.19 PLryKe per unli compwtd io a iothl of 8.79 p¢trKe Kxr wiiT in the previous &couniing ￿lod. A rijt of m(Kr Ihan 4.5 The ovcrall Y￿u¢ of the ¢hariiies inv¢4menL5 has ¢onwderably th¢ )r4r although of this can be attributld to the 1st Quarter of 21)26. 'IIK Al disN)lion with tr¢hK)lugy fimi$ ini'csting eKtMi¥ty kavilv in infrastiwiure sufficient pn)fitsbility could rM)t ah¥ays be g￿r￿d. hi8h(* than foru4L%t iMeres¢ r*Ls which had en artlicipated to ste*lily f￿1 and on FebTWy 28th the launch of the war rn lh¢ Middle Ea￿ all led io substsntial falls in *ock& ThC￿ have iargcly relKTrundd after the year LThl dId￿Ul￿ is still gwksid¢rnble ￿n￿rt￿nty 8JNI volatility in markets. Whilst investm¢T¢i income is fore￿$1 to at le&4 9.40 pw w ￿1¢ ID th¢ current year the confliei In the Middle I-￿ coupled with (￿801￿8 Al dISNplt￿ 1$ wetgbing heavilv on ¥wJrld ecornmics which L5 w¢'ighin8 h¢avily ¢in ¢)mpany vaJuaiivrL8 arKt investment thi510r￿ At prcseni li seems unlikciy that value5 *Jvan¢L signifjcantly in the shorl tcrni. (hhtr In¢om¢ Government LoThtrxts Ihring th¢ accountin8 the Chtirity did nrrt reccive any contrncts from CLml (iovenxnent or a Locd ALrthorit)'. CJov¢rnmeiit Gr*ots Durin% th¢ accounting rtri(Ml. the CPbtiTity did w rrf¢iv¢ kny #rants fr(xn c￿(rnI Cmverrunent or a I￿¢￿1 Authority. Ivoffje recelvthl froJD outsldt tthe Unhed Kingdo The C'hariiy did recrivL any inLome from outside th¢ United Kin8dom in thE fina￿)81 wiod. dint Subildlarlej Thc C.'harity dory Th)1 have any trading subsidiarie& Other Grmnts The Chfftrity did receive aDy other 8fBn FINANCIAI. REVIEW FIA¥nel*l pwltlorn 'rhe Charity'5 fijnds ¥totsJ at £l1,57&781 on 31* March 2026. £8240,1K)6 held in utrtstricted fimKLs £33.552 in restricted fvnds and £3,305.163 in the aNJowm>rt fiJKL PrlDtlpxl fuDdiDg lourtes The Lharily's prillcip￿ fun(ling x)wtes arc investrnLirf diTridMd5 al￿ in*rB5t from the pem?all¢rt endomryneni fund8 and rentaj incomc fr(Jm tk inv¢5th1eni WOP¢rri¢s aThl almsho￿ pr(yeAic& WELL CHARITILS REPORT THE TRUm&S FOR THL YEAR EYDED31 ARCH FINANCIAI. REVIEW Inwestment poli¢y objtttives The C.harity'5 ijtvethenl objects arc 10 pro￿l in g) f&r 15 r¢wnable. wi¢h avoiddnce of ￿￿1￿¢ risk. the real v8]u¢ of the capital and income of the Portfoliv, aft￿ all01yan￿ for infl￿10￿ Tn￿*¢5 also to obtsin divcr5ifJeation of inv¢5trneNs dfld admini51rativ¢ *lwtsges tr¢)m inve5th1eni through th¢ COJF Ethiol Fw￿< Invcwncnt r￿1¢￿8 take place i*ithin the Clwitys regu]ar m¢¢4iny 8re rtrorded within the Charity minu*& The Trustees. decision io move ￿ fiuM15 to thc Ethical evid¢]Ke oftheir on801￿ revie￿ An a$s￿men( of othcr invcstmeni mawers is (aJJTemly in enslre thw thc Charity$ inv&qmert retwn5 ￿ growth ar¢ on pAr acr085 the morket. Rfserves pollty The Trustees c0tt5ider that the Inc￿￿. reseNe held in the L'nrtS¢riLtrd Iw*me PuTrJ of £3￿),1￿K) is suffici¢ni 10 enyj the onEuing viability of the Chwity. Tr level of re5wves is Teviewrd ￿nn￿lly. TTr￿ fvnd5 are pui(Oically inv¢￿t4 in th¢ Lh4ri¢y OffJc1￿ Invirytmeni I'rwt- Ethical l.'und units Since thr 2tbd of July 2021. A revicv¢ of th¢ InvethenL¥ iakcs place regularly. WELL REPO OFTHET E YEAR ..*iDED 31 Ir4ANCIAI. REVIEW SUMMARY Af4DOUTL(K>K Andmv Yate5 w&s the athir of the Charities dLwing the finan¢1￿ year until til5 feslgnation ifj this Tole in OLiober 2025, BIEndan Connor w&8 the Vi¢¢ CThair until hks resi￿110￿ in Janw 2026 thphen Uny apptsirfej &s Ch&ir April 2026 al￿ Me]￿le lth. Vice CTh8ir. A total of Iwelve Tr￿e¢s, Meerity Pl￿ ts •nThJai 11￿￿ aThJ Str#te8y klc¢tiDg hcld during the accouTriing P¢riLKL One sp￿141 medin8 w*s hEI Four TnLStce5 resi￿ during the accomtiDg y¢8x, and Tnth&s wve apFointed briNding the total numbeT of Tn]$￿$ to eight. The Tn￿(￿5 have at ttll t]rn￿ obtsined IrK1e￿de￿ profe$5iona] *J%i¢e when deemed or required to do sts bi. way of ￿Ulory provi5ion& All d¢cixi0￿S taken have been in be81 in*rests ofthe Chan'￿. The currenl lin￿¢18] yeor h&8 bttn a ￿1th the rnnge and SCO￿ of the Chariiks activities rcmaining wide AT ith the hard bein8 und¢Twkert by TnLstre5 and employets ￿1￿8 r¢wanled with tsngible Ftn¢fits. Whilst the stsiemeni uf finatKi41 xtiviti¢5 a wiive movMwK offijnds of£499.012 in tk yw12025,' posilivc £1.628.608) a Chan￿ of £1127.620 bcNten years is m*k up of3 n￿1n areas all of wthith Fwiiively 8ffe¢trd the prior ycar. 'nJ¢ mov¢ment in v8lue of thKlertVin8 invtstwis 4 1¢)ts irt wreni year of £31¥ <)64 (2￿5 gain or £6114.1401. ¢aty￿d by the ovLr&ll movemeni in the valtr of5tock markel tnvestsncnts which iinpa¢¢ed by Ihc global events inLluding the c(mni¢t irt IrdTr in M¥xch 2026. The positive impKt of the revaluation of fixed &wts in Ihe priw ¥ear of £778.IMXS. The¥e i￿$ M ￿￿ul(lOn carri￿ oui tn 2026.'Ihis nulcd in the prior yetrs TnL8kes rLwfL ThL rnovemem irt thL' rel￿¢￿% to Ik tKovisi(m of #lnL$IKm￿ bala￿¢5 is caug&J by the wite bAck of aL*umulaled drprcc￿ts0n in relation io almsh(w in 2025 iothllin¥ £297,120 wbi¢h did noi o¢¢ur in 2026. The Icwel of r)et wrty ￿ £11.5711,781 t5 bdijw the £12.077.793 th* iv the itrmi noted aLx*ve. 'I'he redurtion value ol" Inv¢$lm¥nts and investttlent propaty1591¢ ora prrrfw) is offset hy i1￿r$¥￿e in ¢&th. Th¢ irusTees plc&8ed to wort a sli8hi incr￿￿ in overall irKomc ènd a rgJu¢iion in over411 expcThlilure (Lrther than no(¢d above) in th¥ cunrnt year iwlKn cthnpllred to thc prioryor. The pr¢rAr8tory work costs inrurred to wthit the pl￿thing applic￿10￿ to build up ts) 37 m￿¢ almshws¢8 ￿ Burton (￿nCluded with thc submissiort io Solihull MBC ivhi¢h on IQ (ktDbcr 2025 as no1￿ alMJV¢. L051 incu￿￿ have beth exp¢￿￿ tn r&w¢ ofthi 'Ih¢ continu¢ to invcsti8a* armt wvrk on new and LXCIti￿ inc(thc tharns that will provide the Chwity with ¢ot2tinu¢4 financi￿ security for I)￿h th¢ immediate longer ienn. The 'l'rustees will be wrying Olrt a l(mger-teirn yiraiegic r•yew of its awts p)rtfolio to a55Tr&t in th¢ direction of the C7witi¢s a¢tivitics in lit¥ ivith tt Objects. Thc TrLL8tecs hve ¢Miinue io f¥Lf several clwllengu during thc ycar. 17Kse include rwlving s¢v¢ral isslles Mqth HS2 and the nriiish PirKlinc Agency wtll &5 the colli1n￿l iThcreas¢ in thc arnount of legislation {Renteffs Rights Act) aud'rcd t￿, in far pmvision ofihc v•Tio￿ty￿S olpmperty. We reponed on th¢ mle of the P*4orai Care oifiler in laq year rWrL'1￿ b￿￿rt[ h&% corninued into this currerji yw. The result of Tenant Satisfa￿lOn 8uTVeV canird out in this fi[w￿la1 yc4r w&8 ¢x¢mely ￿￿ty¢ wluls¢ sull pr(Fvidin8 ams for improvem￿1 which sre being xted w. Page 7 B£ WELL CHARM F.PORT FOR THE Y&iR F THF. TRUST£L8 DF.1I31 MARC.H 2 FINANCIAL REVIEW TherL ha8 been a changc Tn the Mix and number of Trys*c% tk¢ year with thc appDintmenl ora new Chair and Vice ajair e4rly in 2026. The Tr￿eS will revicwand seek kn find additional Tn￿ ty supw￿ it Obje￿ as required. STRurfufi4 GOVERNANCE AND MANAGEMENr Govtrnkng docDmttyt The Charity. in its curtrnt (onn &s a CharttJN¢ (kganiwion ICIOL e¥t8b11￿ by a Constiiutio dated 27th of April 2021. Reen￿*Thent *nd •ppolAlment of trmsttts Th¢ W of'fnLsle¢5 must consisi of Tr1￿ Itss than 4 nM)re than 9 aptKkintcd rrus1¢&s,' l ex officio mttt: and not Ig%$ than l N)r more th80 2 nominaied tru5*e& The Ex4>1TJcio Tnstees shall ￿ llje R¢L'ior (kf St John BdOiA Chwth Tk. Pamchtal ChuTEh C(amcil IPCCI ofthe Parish of& John Bsptirt B￿1ve11 8ppoinL8 twrj Nominated Tn￿rees. Each app)Int￿nI of a c(￿[￿1 TTU¥t¢e must ￿ for of fcrtjr Ye￿ and by 8 rE501ution passed at 8 Fropedy ¢onvffli*J mcetin8 of th¢ charity tnLS* Fwh appointmeni of aNomina*d TnLstte be t¢rni of tTrre¢ yea The Ex4)tTicio TnLs*e.qhall 8uiomalicallJ' b¢ a charity for *5 long as he or she holds thai offi¢e. New Tru5te£s arc reLNiied following the resi￿110n/relrremeAl tr removal of ex]￿n8 Tn¥teE5. The TNstttS JTttI Mt re8￿ar in1cry￿S thmuglb)ui th¢ yea¥ arxl mak¥ decisiixjs It￿￿n8 don￿1¢)￿% itW¢Yts7Wtt poli￿. s1rd￿&t¢ dtcision% ¢xpeThdiiur¢s on Dny of lh¢ Cl￿rity'S proprrttes. 'rhe'fru5tees revicw the mljor risks at rryuiar inteThals hv¢ apmipriatr 5fft5 orK4 procedu￿& lu rn￿e th¢sL' Tisk& lllductiOD •nd tr*lniHg of nev tru¥ltts New'lru#￿￿ are introduced io the c*J aThJ to ensure appropriate controls arc in pla¢¢ io provide reawnablc &Wr8￿ against froL¥J and error. REFERENCE AND ADMINISTRATIVE DETAILS R¢g15ttr¢d Charhy auwbtr 194243 PrInC￿l #ddr 5trorna B[{￿h 52 Me￿ing House I￿ne Bals211 ComrTLon Coventry CV7 7FX ER LL CHA THE LIS Trurttes Rev M Q ljratton Mrn J Edwards {re5iBn￿ I1.2.20261 C PO￿11 B Ci)nnor (resigned 19.1.20261 A Yates {re5igTJcd l.10.2025} D Bell N V child5 Mrs S M Walio G Parrv Ire$kgned 19.1.2n26) A Oldham Iresigncd 17a.2026"1 S Urry Ichairnwil lapwbinted 10.6.20251 Dr..M Lak¢ {iietrchair) {ap￿inted 30.6.20251 AvdltoT¥ Armstr(￿￿ Acc(M￿￿￿v Ltd Chart¢red Accountantg aThJ Statsttory AIMJitor 1 & 2 Merci4L Village Torw(K)d L105e W&4wood BUS1rK￿ P8rk Lov¥niry West Midlands CV4 8HX Solkhors RotheThAm & C'o. 8&9Th¢(kndrn Loventry Jnves¢mtnt Advly¢rx CCl.A InvuthLLnt Management Lld S¢nator Ilouse 85 Queen Victoria Street Lundon EC4V 3F.'I' STATEMENT OF TRUST+:FS' RESPON.SIBILITIFS 'ThL trus￿$ aT¢ resp(bnyible for pr¢paring liew*t LTrl' the .1 njytts aTrJ fina￿)￿1 sw*ments in ￿rda1￿C with applicable law and UnilLd King&)rn StaThJardy Iljnitrd Kingdorn CJer*rally Att¢Ned Acwuniittg Praciiccl. Chariiy18w require5 the tn*t¢tt preF•re linanciaj Aatcmuts for exh year. Uth thkt law. trustees hwe el¢¢tcd 10 pr¥yare ihe fitwicial sWe41￿ts in ￿cOrd?￿¢ ￿ United Kingdum (k￿rallY Acc¢Ncd Pr￿tICe 11.Inited Kirtgdom Ac, may cast significant doubt on thL' chwilV8 ability to coniinue as a ¥oin8 Curtem for a nod oral le￿ twtlvc ￿nthS frnm kn the fmaKial ststements ar¢ ¥uthorised for i$￿t. ow re5porthibili¢i¢s and the resporK4ibilÈlies of the with ty 8oin8 ¢C4￿ern arc dexribed in ihe rel￿￿nI (ion5 ofthi5 fwKffr. tr Inf0rD￿tIon llbe tnjstees are JY¥w>r6ible fcrf ihe other infonnalion. Thr its infomiation comprises the Info￿atiOn In¢lUd￿ in the Annual Rtrrt Oth￿ than the finftNial ststements and wr of thc Indcrthlent Audi10￿ thcrC(￿. Our opinion on finxnci41 sthtunents do¢s ￿ ¢over the inf(rfm*ion WML except to cxtcni otherwise explicitly stsleAI in ow r¢Frf do not exm frrn Orasyurw￿ ca￿l￿10n therty)n. In connecticm with our audil of the f1r4￿￿11] Mtemerrt& our res￿rLSIbilIlY is to the other infom)aiiffi in doin8 o. c(Jn8ider whethw Ihe oihcr information b5 M￿e￿oI]V in¢onsistenl with th finoncial #thrnents or our knowlcd8e obtuincd in thc Audi( nr oikrwise hpFrars to IK matcrially miw¢d. If idEnlify wh m￿rial Inconsistencies ur app#￿'nI maicriaj mi85¢attmenL% are required to dcterniinc whethtr this give5 to a material mi5$1AtenKnt in thL tinanLid yi¥t¢m¥nts th¢rn8¢lves. If. b&%d on wurk we have p￿ri￿￿¢(L roncludc that there is a maicriAI MiS￿al￿nent of this other inforn)*iotrK fEquir¥l ￿ T¢[￿ fxL We have noihiThg io wort in thi5 re8ard. MatttrA on Which Trft ire rtqulr¢d to rwrt by exeeptlo• We have rwrthiDg to rem in res￿1 ol. th¢ followin8 matters wlw¢ th¢ Chariiies IAec¢Mrt8 and ReFQrtyl RcgulatioTh 2(X)8 requir￿ u8 11> ty)ort io yi)u if. in ouriypinion.. the inforniatiott given in the Report of thc TnL4Kq 13 I￿O￿Ls1)Ment in any With the finarLiaJ 3tai¥m¢nts' or 5uffi¢ienL ¥¢ounring re¢(Kd$ have been kept". the fin￿Lia[ xatcmLIJL8 are in agrertDent with the rexord5 and rettllMs: or He have not re¢rivd all Ihc inforTnaiion and ¢xpl8ll*ions require for ouroudii. P48ell REPORT OF THE INDEPENDE￿r ALTDITO BERKSWELL 4R1￿&S E TRUSTE R*S￿nSIbilItIeS of trustets As explairkJ] Tnore fully in the Ststernent ofTru#ees' Resfftibtlitie& the tr•$ are respowible for the preparntion or the tinall¢ial staiements Mthieh Eive a tsu¢ and fair view. ¥nd for such intem81 control &s tk trllstee5 deiem)in¢ is ne£essary lo enable the preparati£￿ OffiEW￿l￿ ￿3¢eme￿5 ar¢ free frorn materia] missiaicrnen¢ due to Iraud or error. In preparing the financial the are re8F￿nsible forass¢ssing chgritys ability ￿ ¢onttnw as a going conre￿L dis¢lo%in& as applicable, mall¢ry Ytlatcd kn going c¢)nc¢rn and using the goÈng Loneern basi8 of accounting the trustees either intend to liquid￿¢ the cbarity iy lo (¥)e43tiiw or have ￿ realistic 4lt4xativ¢ but LO do 04r re8ponslblll*lts for tbe audit ofiht flM•tFAI Jt*tem¢ttts Wt have apwinted as auditor5 UtKicr Sectioth 144 of th¢ c1￿111c$ Aet 2011 and report in accordwtt with ihe Act and rtlcvant re8ulatiorkS mad¢ iy having effect thtrewth. Our objectives are to obtatn re&g)n8ble aboth the fina￿1￿] %tsiements as a HIM>le are fret from maleriEJ missw¢menL whethLT due 10 fratyj or em)r. and io issue a Ke￿rt of t￿. lThJepcndent Audilors that includes our opinii)n. Re￿￿ble asswancc 15 a hiBh level (bf a&Surar￿ bw ts a guardntL*. I￿[1 condwied in accordanc¢ wilh ISAS {IJKI Hryll alwdys dueci a Thateri￿ misthlcmcnt wthcn li exists. Misstsw'mems ¢aD arisc from fraud or error and aTL im81de￿I material i( iNliWdu￿IY or in the 88gregat¢ they could re￿On￿blY be ￿￿ted w influence ihc econornic d¢¢i8ion$ of user51aken wi th¢ basis of tlxsc fwancial aatemerts Ilayed on tsur u]thntsndtn8 of Company llnd industy, idcnufi¢d i￿1 thc princip41 risks ofnorKompli8￿C With la￿5 and regulaiions r¢laied ￿ the tnduw, utMI we considered thL" extent W which rnn complianc¢ might hJvL' # m&i*ial effect on the firwncial #atcment& We al¥0 considered those laws and regulaiions thai havc a direa imr)act on financi￿ ststemenls yuch as the coM￿nieS Acl 21KK>. We cv￿￿￿¢11 Trw[￿em￿C'5 IT￿illY¢S optM)rtuniues for Irdudulcnt manipulaiion of thv IlTiW￿l8I wt¢ments linL1￿1￿& risk of overridc of controls) and dLknlcrniincd that die principal risks wu¢ rejaiL￿ ILI Nttin8 unILg￿l journal enlries to 11Kre￿ r¢¥¢￿ and profits OT thc monipulution of Lounun8 eYsm&es wthich could k subiea 10 Mar￿¢MCn1 biLs. Audit prw4JurL5 perforni¢d by the en%￿¢¥ documentslion Io compliance wilh a￿lICable laws and rc¥uluiion5- - Pertonnin8 audit ovcr the risk of nwmcnt 07rtffide 0rcffltr0￿ i￿luding te#in8 ofjournul entries and oiher adju%th)enL% f0rappropria*¢￿ iVa]￿ting the kAh5ine55 rtionde of Si81)ifi￿Tri trawtioThs Outside lh¢ normal ctyJr5e of busirKsq And r¢viewifi8 accow)liThg &8¢im&￿5 for bi4 PLrtonnin8 a￿111 work over th¢ rnqk of ￿de￿atern¢¥￿ of ots￿ver includubg an￿¥[ICal ttview Ertd obtsinin8 LorrO￿r41#d cxpl8nauorLS from manw￿L "lkn are in￿r￿t limitaiithns in the aLxliL pw¢durts de5cnW We are less likcly io bccome aw•re of In￿￿% of nowmpliancl with I&%v5 aNI regulalions closel> to evenis and ira1￿￿ct1￿S rellrcicd in the find￿lai saiemcnL5. A150. the risk of not dct¥L'iin8 a ftwerial mis*ai¢mcrt duc to fraud is higher than ihe risk of rnl dcierting one resulting fi￿M crrty. gs froud may involvc delib¢rai¢ by, for example. IoTg¢ry or In￿tion misrepreserrt*itsTh8, or through collu￿On. A fiwthcr ducription of ow ￿ponSi7)i]it1eS for th aulit ol'tF¢ financitil ststemrnts is locakd on the Financial Rerrt)rt1118 Council's wthsilc at wi+w.frcorg.uklaudii0rsTw￿ib1Iltic￿ This t¢Jrni$ pAn of our Rel￿ of the Independent Auditor& Page 12 NDEPE VDrro HETR 15Je of our report This rew)rt ￿ made 501ely to ￿ charitys Irust¢c& &s a IM)dy. in aCci*d￿ Ivith Port 4 of the ChsJitiex (Accounts aThd Reports) Regulations 2008. Our audii has W ￿￿Je¥￿ken sx> might srate to the charit) s trustees thosr matternwe art Tequirrd io state ￿ the in atl a law. w¢ do not accept or assum¥ I'o the fvllest ¢xleni mttted by ourawlii w birity and the charitys ￿et5 as a FM)ty. for fordu5 re￿ or f 10 any￿ pinÈoiL$ Atyns Accrt(Iiitan¢v L Ch ered AGiuuntsnts and 2 Mercia VilIa b. TotWM)d C W￿tw￿d IIu8iness Park Cotrentry WLSI IMidlar￿$ CV4 8HX ory A￿j110r 21 July 2026 Page 13 BKRKSWELL CHARITRLS srATEMENT OF FIYANCIAI. ACTtI'lTILS FOR THE YEAR ENDED 31 MARCH 2 2026 Total 2023 Totsl fund5 L'nrtstricted Ra#ricted Endowit fwjd Notrs IINCOME AND ENIK)WMENTS FROM OtheT trailing aitii'iues Invcslmenl income Other income 175.457 147281 199 175,457 147.281 171J55 12n.336 1.918 Tot•1 321937 322.937 293.811) EXPENDITIJKE ON Raising funds 45 J62 45.362 57,216 Ch*rlt*bie 4¢1fvtt1es (iranis rnadc to in.SlilUlions Grdnis made th individu￿5 Provis11)n of almshow 25.518 2.865 276.731 25,518 4.886 316.551 48.081 7.4105 194.2121 2.tr21 39.820 Other 110,617 51 110.668 108.851 Totsl 461.093 41.¥92 502.985 127.341 N¢t 8￿￿()0&8(?) ¢yn 12J 331.2641 {318.9641 684,140 NET Ir4COMEIIli.XPENDITUREI Other recognlstd gaills1(lowql (rains on reVol￿tIon ol. IixLd {123,856} (41.8921 1331264) {499.012) ¥30.608 77¥.( Nel Jnov¢•x*t In l¥*d5 (125,856) (41.8921 (3312641 1499.0121 1.028,608 RECONCILIATION OF FUNDS I'olal fut¥l¥ broughi forww 8,365.922 75,444 3,636,427 12,077,793 10,449,185 TO'I'AL FUNDS CARRIF.D FOIIWARD 8.240,(k56 33.552 3.305,163 I 1.578,781 12,077,793 Th¢ notes foml Part of financid Statan￿ts Page 14 BERKSWELL CHARTNLS BALAPICE SHEET 31 MARCH 2026 2026 Tots fund5 2ff25 Total funds futds XED ASSETS ran¥ible IDvostTrents Inv¢&ments Inve5tm¢N prO￿ty 1540.769 1540,769 1541,443 io 458.375 s,7￿j15 3JOS.163 3.763.53 3.760J13 5,032.819 4,314.915 759.459 3.305,163 10,C64.622 11,889.177 CURRkf4T ASSETS Ikhtors Cash in hhnd 12 39.(86 1,459.405 39.096 1.492,957 35.091 33J52 1.498.501 33.552 1.532.053 217,857 CRTr:DITOFLS Amounts lalling within o 13 {17.894) 117,894) {29,2411 ET CIIRRENT ASSETS 1.480,607 33.552 1,514.159 188.616 TOTAL ASSb.TS LESS CURRENT LIABILITILS ¥.240.066 33.552 3JOS.163 11,578.781 11077,793 NET A￿E'rS 8.240,066 33,552 3,305.163 1.578,781 12.077,793 FVNDS L'nTcyLriLl¢d fut¥Js Re￿ncl￿d fun(L8 Lndowmenl 14 8.240.066 33,552 3J05.163 8.365.922 75.444 3.636.427 'rvTAL FUliDS 11,578.781 12.077,793 Th¢ lin igned, 151atemenL¥ Mrre apprDved by Botrd OrTn￿ arwj authorised fLY is5￿ on 21 July 2026 and wrre behalf by.. M Lth. TTU51ee The wtes f(m ￿ of t1￿ fjt)aEKial Pgge 15 BERKSWELL CHARrriLS i%OTLS TO E FINANCI L STA TLMENTS VOR THE VL4R LNDED ARC.112Q126 ACCOUNTIliG POLICIF Bas￿ of pr¢￿Till¥ the fin*4bcial staleJDÈnts Berk5WtII Charities is a Chdritable In¢orporatcd (kWI￿l0rL In ¢VE¥rt of the ¢h8rity beinR wound up. the IR8bility in ol. ¢k guarantee is limited to £1 ptr mcmber of the charity. The addiyss of the r¢gkstered offitt is Bii'en in the charity inf(Jrmatiott ￿ page 3 of th¢se f]Thanci￿ sr8*rncn￿ The tjaturc of thL Chan￿,$ ￿p￿￿10n5 and principal acitwiies are the provision 01.￿M51m￿￿ aL¢0￿0d*1On fina￿181 &&%istsnc¢ tar the residen￿ of the parisli of BeTkswtll thj the swrowmjing rn wther with the [￿lS1on s￿1 mainrenanLE of site fora Sch￿1. The r]ItaT￿la[ sraiements are tYcsfflt&J in *erling ￿1¢h 15 the fi￿￿tional CLUTency oldx ctTrarity at¥J round￿ t the n¢arrsl £. The Si￿lf￿nI &ccouMing policies arrf¥lied in the pretffjration of thes¢ fuJ8nciaJ ststelwts are set below.. The5c policits have L￿SiS￿#t￿Y &ppJied years prescNed unl¢ss Otheft￿¢ statr The (hrity cnn5tituw a public b¢t*fit entity defined by FRS 102. The tinaniial sth*m¢nis hllvc be¢n prepar¢d in ¥eordance with A¢c ¢hc irKom¢ after any perfomwK¢ eondiiions havc m¢( the amount Can k Me4¥Ur￿ reliably and il t5 twbfftble thai the i￿(￿¢ will b¢ r￿￿1ve For dvnations ts) be r¢cvgnised the charity will hove been noiified of the amounL% and the 5eidcmeni d￿¢ i iting. Il. there Irc corn1iliuts attached don￿104 and this Tequires a I￿.1 of perforn)an¢r bcfoTe ¢ntiilellK'nl Lan bc oL*wr*d ￿.n income is defcrrcd umil thosc cvnditions are fully mct or the fultilment of those condiiion5 15 within ts control ofthe charity li is probable thcv will be tiiifilled. It)comc oihcr trAdin8 XIiViIic5 includes renthl rAher property income and ts I¢¢0￿1*ed thc hartty is ei]tttltyJ io the monit5. Invogtment inc4)me ￿ carned Ix>ldin8 &ssets for investhient puryKThs such as share& li includL% dividends Ki Ini¥r￿. Where it ib M>1 prllcticable tv ithyttify. investment manwenl CLty¢S incurred within a scheme with rewnuble o¢curacy th¢ invcsimenl irKonK 15 fel￿￿ net oftheye It 15 LnLlytsJ when the #mount can be measured reliably. Intere￿ In¢￿￿¢ 15 recwix¥J u%ir4 th¢ eIT￿tive Intu￿ ￿thOd and dividend ¥t￿ rent incryne is rccogni4ed as the charitys right to rtvive is e*¥blish Lipendltllre All ¢xpenditurc is ac¢o¥nted for on an aecnmls t*sis aÈ)d has been cl&%sjfi￿ utsjer he￿[In&$ that 9ggre￿I¢ a]1 05ts related to Ihc caie8OT¥. lx￿1(￿￿ is recogni2oJ MIKre thete is a Icgal or Co￿tnI¢ll1'c obli￿lon to make ments io third parti¢4 il is prob&bl¢ the ￿lement will be reqlured the aTnouni ofthE obli8aiion con be measured reliably. 1¢ 15 •ised the following I￿￿dIn8$." - Cost5 of fund5 includes ¢0sts relati￿ w l•Thl and Investrn￿ prrq>uties from wthich th¢ ¢haritv Ikrives incom¢. - Lxpenditwe on Charitable xtivities ir￿lu{￿S CLW relating ￿ the alnuknuse5 are provided to tf5idcnts ts payable io individuAIs and ins¢it¢rtiorts', Irr¢Loverable VAT is iharged an ¢wen5e a8Airtst the ￿1V[ty for thich exP￿dIDJr¢ ar￿. Page 16 continued... BERKSWELL TO TIIE FtYAf4CIAL STA TE.MENTS- eonttD FOR'I'IIE I ENI)ED31 MARCH 2026 AccouThf4G POLIClS%- toDtinUEd EApenditur¢ SUp￿rt COSLS are those that assist the work of ￿ charity lJJt Iky noi dIr￿lIV repreS￿l choritsble a¢tiwti&s atNI irt¢lud¢ otTiL¢ COS￿ govern8￿. lo￿ thini5tTBtive payroll costs. llry are ill¢uned diffalj in support of expeNlitwe on the obje¢ts of the ch*i¢v. Where costs dire¢tl) attributed to particular hv#ding5 they have becn allocatel of raising fwth atmj expendiwre OTt ch9r1￿ble ￿7VilieS on a basis consistent wilh use of the res￿re¢& Gwt8 pa)*ble to third partics are withtn the charithblc objective& WIKT¢ un¢ondition&l ￿ are offered, this is accrued as SO{￿ &8 ihe r￿lpICnI is notsfied of the gJllnL this gives rige to a rrawnabl¢ ¢xr*ciation thai the r¢cipten¢ will receive the grdllL* Whe¥e granLS are ¢onditionai ￿1*1￿8 10 r*rf0M￿ then th¢ wnt is onty a¢¢rued any unfvifdied rO￿lti0￿5 wtside of the control of the charity T*&glbk fixed ass¢ts l3n8ibl¢ lixLd &ssets art ststcd at themed cost) (Y valuation les5 ￿uM￿ated depreciation aecumulaiiyj impalm￿nI l(o8¢5. COA irKltths dtrertjy attri￿rtable to makin8 the asset capably of op¢rati#g Depretiition is widcd on wgible fLx¢d It rgt¢5 C￿Culated to ￿lte off the COSL I￿5 e51imwed residual v#lue. ofexh &5M vn u 8y%trmati¢ over ILS exp￿Ie￿ life fullov4'. . Fixlur¢s w)d fittinRS 25% on cost rtYeh)Id pmpertv, being the ajmkn the ¢tr4rity provides to thox in rtttd were pmiousty dq)IE¢iatrd al 2QA per ￿l￿￿M on value of th¢ buildin "lTh¢se propeniu rEvaluLxI on 31st Mor¢h 2025 thE policy ivill now be one of r￿￿u￿tiOn. Jnveltment property InV￿lMent prop¢rty is showTr at most rccerrt ￿L￿10Th. Anv 48grtRat¢ ¥wplus or deficil urising fr¢th ¢hangLs in lair Val￿ is ￿c0s￿l5¢￿ in thc Swement LTrf FIna￿la1 ALIiviii 'rhe Chority holds tiilr lo the of En8land sth￿l ￿ Berk5well. Thig appropri8*d hy th¢ local authority under Iht Ldu￿l￿n Aa 1947 and thc authoriÈy li iv11h￿L rent Frting paid to ihe c.harity. 'Ihe prtsrLrtv last value(l in 2n19 b￿. alth￿ the Lhrily iidc io PTrJrrtrty the Locjl authority. hws p¢rpeiu*l kL8e of ihe propLrt)' until a tim¢ as ￿ sch￿1 might close. Thc T￿LS￿$ believe ihai there is liidL' likelih¢)od ul" the 5chrx)I rlosing in ihe r￿esec&ble fvrurt and &%sct is theTL'forc extremely unlikely w be Capoble of r￿lSatIOn. In the L Irc￿1￿¢2n¢e$ TnLtrs ¢on5id¢r li approprith 10 ￿kNo1¥1ed8E ihis and hai'e in¢luded the ¥¢hool * a rtominal vdue of £1. T*x*tlo• The charity is ¢x¢mpi from tax on its charitsble ¥diviti¢& F￿lld attOUDti lJnr¢.striclcd fund8 are availttble for use at the dixretson ofthe in furtl*ranL% of the general ohje¢iivc5 of the LhariTr' and ￿lI1¢h havc not been d¢5igna*d forOU￿ purpo l)esi8rKqted liJnd5 eomprisc unrL*ri¢tyJ fujmts th*( have been sei ￿de by th tnLStc&s for particu14w purpose$. The aim and tjse of L￿h desIgT￿ted fimd k8 Sd oul in Ik rtsxes to the f$tW￿l#l xB(¢mc Rcstricled fijnds ar¢ fiEnts wluch are be wed in acc0T￿ with Sp￿[fIC trstriclions imposed bv donors or whiGh h&vc he￿ Taised by the charily for poni¢ular pur[￿)*5. The eost of raisin8 2nd adminislcrtng such fun. moin￿nanC¢ o)ntributions Aimsh(ML%e comm￿￿ fikl cOntrib￿l￿n8 9.263 51,254 174 108.011 6.755 9,892 49.987 103.351 8.139 175.457 171.555 INVESTIMENT INCOME 2026 2(F25 (thr fixed assei irtv- UnFII IkiJ05Lt ￿COUnt iniere Cltarity d¢w￿lt fvnd Inkni 121.023 26.252 4,212 147,281 120.336 ]L41SING FU.YDS love¥trneot m*Dggen*tst costs 2026 2025 Farni, and ¢(thp. ryiTr irLSthW 43259 57.216 PaBe 18 continued... LCHA AUDITOKS. REMUIYLRATION 2026 202i ees pa>'able to the djarity's auditors forthe audil ofthe dwrLy5 finarKial 8J88 7,962 TRL%fELS' REMUNERATION AND BENEFITS The tru5w did not receiv¢ 8nv mnur*ration or other bEnefits for Ye￿ 315¢ March 2026 lye4r ended Ilst March 2025, thill. Trustees. ¢xptll5e No cxp¢nw were paid io tnjstres the year￿ded 31q March 202612025 Nill. COMPARATIVES FOR THL STATEMENT OF FJNAliCIAI. AcfJviTIES ljnrestrifflcd Rewictl￿ F.ndowneni fiind Totsl fimds IIYCOME AND ENDOWMEN'IS FROM (Xher trading acliyiti Inve5rmeni IN￿Me Other incom¢ 171.555 120.336 1.918 171,555 120,336 Tthtsj 293.809 293.809 EXPENDJTURE ON R&55ing fuTrJs 57,216 57216 Charltible 8¢tiviiks Ciranis made to insliiiitioris Grants mè(k lo individuals Proviyion ofaJnLghou 48,081 7.405 {121.0041 7.405 1942121 2fi71y2 Other 108,8(M) 51 108,851 Totsi IIX).498 26,843 127.341 ei 881n.￿lI0$Se5I on investhK 859,458 {175,3T8) 684.140 NET INCOMFJIEXPENDMJRE) Other re¢ogn15ed glim￿(hIsse4) GAins on revatUAtion of fixed a55¢ts 1.052.769 {26.843) 1175.318) 850.608 778.IXX> 778.000 et ID fv•ds 1.830.769 (2Q84.I 1175.3181 1.628.608 RECONCILJATION OF WUNDS Total fvnds bmught 6J35.153 101287 3.811.745 10,449.185 TOTAL FUNDS CARIUED FORWARD .363.922 75.4144 3.636,427 12.077,793 Page 19 ontinued.. BERKSWELL CHARITIES NOTES If) THE FINANCIAL STATEMb'NTS- FOR THE VEAR EYDED JI MARCH 2026 IAL HOUSING The chartty 15 w$l￿r￿ as a provider of g)cial hO￿lTrg. Tho accounts T￿1￿1¢ the followtng aMO￿ts ￿1￿]ng to the provision o1"5(Kiai hoLLsin& Weekly rnaintenance cortr1b￿io￿s rtteivabk commun￿ fucl contributions re¢eivoble Gmts reL¢ivabl¥ Ireu)gftised reven￿) s￿Id1 ho￿)ing athitritv expendilure Opet*ing wlu*deficit) so¢iai acliviiies £108.011 £6.755 £268.715 (£153,949) rÈLknnber of units of ￿)cial houstng owned atKI by the charity at the beginniTpg and eThl of the year were as follows'.- Almshuuse accomm￿10￿ Provided of14 Awil 2025 Altnyhwse ￿0mmOdation pmvided &5 of 31 Match 2026 14 14 TANGIBLE A&SETS Fixtu aDd rillirtgs Freehold COST OR VALCTATION Al l April 202) 4ind 31 March 2026 2,540.ff 3.499 1543,499 DEPiiV.CIA TIOP4 At l Awil 2025 Char8e tor year 2.056 674 2,056 674 At JI MurLh 2026 2.730 2,730 NET BOOK VALIJL Ai 31 M4rLh 2026 2.540,￿￿1 769 2.S40.7fi9 Ai 31 March 2025 2,540.0(K) 1.443 2,541,443 Cost or valuation w 31 Ma￿h 2026 is leprewt￿ by: Fixtures r¢¢lK•ld riltings Totsls ValU￿10n in 2025 Lost 7711.IMKI 1.762,IM)O 778.(KlO 1,765,499 3.499 1540.( 3.499 2.343.499 The AlnL5houges were valued at 31# Mar¢h 2025. 7he In￿¢tt$ bElic¥e thal the Valu￿70t￿ made ID 2025 ￿111 Stand al 31si March 2026 xo no 8djth￿Mffif is m*le in this veaes accounts. Pw20 )fflIn￿l... BEIiKSWELI. CHARITIES TH THE NAN IAL ST FIXED ASSET INVESTMEKIS Unlisted 1nycs￿¢nts MARKET VAI,tiE At l April 2025 Addiiiws Ih5posals Revaluations 5.032.819 30.(KJO 192Y.592} 1369.6891 Ai 31 Mwch 2026 3.763,538 NET BOOK VALUE Ai 31 March 2026 3,76.3.538 31 March 2025 5.032.819 C￿¢ or valuation at 31 M4rth 2026 is r¢preM*d Iw. Unlis*d inv¢sEmeniy Valuation in 2022 Valuation in 2023 Valualion in 2024 Valuaiton in 2025 Valuation in 2026 Cosi 1161.789) 1201.634} 477.733 1197,8701 1369.6891 4.21&787 3.763,538 l.ixed assei inve5tm¢nts ¢omwi% units held in tk Chariiies Official Invcmmem l.und. held under thL' chari(ie¥ various funds. INVtr.t>TMENT PROPERn' FAIR VAI.UE At l Awil 2025 4.314.915 1583.5001 213,9(M) REvaJuarion Ai 31 Mwrh 2026 3.760.315 NET BOOK VALIIE At 31 March 2026 3,7NJ,315 Ai 31 March 2025 4,314.915 Invthcni proputy compiixs raidential pmxrty. comnmcial wopejty and of larf in¢luding fBmi Page 21 conlinu¢d... BER LL C.HAWTtEs INVESTMEKf PROPERTY- cokthi¥ air value • 31 Marth 2026 is repre￿￿ b)-. Valuatian tn 2023 Va]Uduun in 2024 ValU￿10n in 2(125 v￿U￿10￿ in 2026 C05t 711.499 95.250 882.010 28.9(K) 2,042.656 3,760.315 The rcstdential and ¢omrneTci81 investtneni Mtre revyjued by B￿l￿W Associates Lt& Charter& Surveyors ot th¢irmathi Val￿ on 10th Mav 2025. 11 is th¢ view of the mbSte¢% the values of ￿ wwcrtics W I￿¢ ¢han¥d at 31A March 2026. ¢x¢¢pi fnr rhe land at Back IAne, Dcrkswell, th¢ s8Je ofthich h&1 bely ugreed in prirKipal PTIOT to the y¢ar*nd. Thi5 pl￿¢1 nf land incre￿d in value ￿. £2&9(MJ. 12. DEBTOtL8: AMOUNTS FALLif4c DLIE WITHIN ONE YLAR 2026 2025 Trdde debiors ()ther debtors ymet)Ts 35.015 798 3,283 31,597 71}8 2.690 39.rw6 35.(191 CREDI IOKS: AMOUNTS FALLIF4G DUE WITHIN OIYE YEAR 2026 2025 Trade ¢roti¢ors Other ¢r¢ditors 17f) 17,724 3.548 25.693 17,894 29.241 P¥g¢ 22 BERKSWEII CHARITIES NA.YCIAL MEfiTS- OR 14. MOVEMEf4T IN FUNDS Net Transfers At 31.3.26 At 1.4.25 in filljds Ullrtstritted httd$ fj¢neral Fund ¢Khool Extraordinarv Repair Fund Almshous¢ emergtrKy repair aT￿ ¢ycli JnaintenBnce fimd Re¥idential and eommarial wor￿n1¢S extraordirw r¢pair fund msh(NJsc Project Fwid 7238.274 84.131 81,064 14.427) 1201,2181 7,118.120 79,704 74,330 (4J801 69.750 93.￿)4 ¥75.523 {4.8511 IT93.0621 (25.OfXI) 226.218 63.Ill3 908.679 .365,922 (125,8561 .240.066 R¢strkied fu•ds HS2 FuTrJ 75.444 141.8921 33,552 hwl, Church and Poor land5 Lndowryn¢ni Fund 3.636,427 (3312641 3.3(￿,163 TOTAL FLNDS 11077.793 1499.0121 1.57¥.7¥1 Ntt movement in fvnd& inclwled in are aq foll¢) Irk%)min8 Rcs0￿rtts Gains and Movement in fund Unrutrlrted funds (i¢n¢rdl Fund School Exrraordinary Repair Pw)d AlMshW￿ Lmergcncy repair ar]d Lycli mthin1enan￿ fiu Re8ideoiial and propuibes extrnordiw repair fund Almshouse Proje(i Fw 321937 I245,7¢￿) 3,833 {4.427) Bl.U64 14.4271 14,5801 {4.5801 14.8511 21325 {4,R511 1193.0()21 1215,387) J21937 Restrkted funds HS2 Fluxi 1461.0931 I2,3￿j 1125,8561 {41.892) 141.892} Endowm¢*¢ Sch(K)S. ChurLh and Poor L4nth LttdowTh¢nl Fund (3312641 (331.2641 TOTAL FUNDS 322.937 {S02.9115} {318,9641 1499.012) contin￿￿.. BERK LL HA￿￿Fs IIE FINAY TIIE ATEMF.N MOVE.MENT IN FUP4￿- contknwed Compgr*tfv¢J f•r ￿0¥ement in funds TransfeJB At 1.424 in funds fimds 31.3.25 Unrtstrirt¢d f4Mds fj¢nerAJ FI￿d Sch￿1 Fthraordinarv Rcpwr Fwvj Almshouse emergety repatr aThJ cycli mwntendfKL liesidenu￿ and LurnwKrcid properties eMmrdinary rytr futhj Aim%house Projecl Fund 5,59&382 119.995 1.958,212 18641 {318.3201 {35.(MX)I 7238,274 84,131 91,074 17441 116,1th1 74.330 94.746 630,956 (1.0821 {124.7531 93.664 875.523 369.320 6,535.153 1,830,769 L365.922 Restrlcted fund$ HS2 Tr'ut Rcuch FuTrJ 86.943 15.344 {11,4Y9) {15,3441 75.444 102.287 (26,843) 75.444 Endowm¢tyt f￿ndS Schwl. Chwch and Poor IArKI¥ EndowThcnt Fw 3MI 1.745 (175,3181 3.636.427 "r(yrAL FiJNDS 10,449.185 1.628.608 12.077.793 C.omporntive net mo¥ar￿1 in fu)d& incl￿ed in the ore ￿ foll Incomin8 Resour￿5 1055e5 in fthds UTrrestrtcted Gerkral FI￿d lyx)l Ex(raordbnary R¢￿ir Fund Almshouw cmcrgcnc>' ryir and eyclical mainten¥n¢Y fw R¢sidential and c(xnnw¢i81 pr(wiks ¢xtrty)rdirw ￿pair fu￿1 AlmShOL￿ Pn)je¢i Fund 293,8 17J70 1.647,033 {8641 1.958.212 {8(A) (744} 17441 (1.0821 16,885 {1,0821 {124,7531 1117,¥08) 293.8(YJ IIIX).4981 .637.458 1.830.769 HS2 Fund Reach fw 111.4991 115.3441 (15.344} (26.8431 (26,8431 FAdowoxn¢ fynds SclKM)I, Church PIKY L4rKIs Endownent I,uThJ {175.3181 1175,3181 TOTAL FUNDS 293.8￿) 1127.3411 1,462,140 1.628,608 Pag¢ 24 ntinue¢l.. THEF L STATE 14. MOVEMENT IN FUNDS- Trwferj belwten funds Transfers to the AlllLSh0￿ Proje¢1 F￿d fimds transferred from G¢ner&i Fut￿ inves1r￿]ts al￿ to ray expenses ￿lating ts) the Almshowe PrtsjccL 15. RELATED PARTY DISCLOSURES related party Iranw￿ forthe year 31 March 2026. RFSTRlffW.D FUNDS 'Ihe ¢harity hd restricted fwwj in theyc4r. the HS2 Fund. The IIS2 fi￿j was rreatcd to arxowi for tl* firDding received frotn th H82 ￿MpanY to providc re%pile to residents al￿ repairts kn thL Ch￿11￿$ propttties th￿ hve aiftdwj by buildin8 of HS2 railway line. thich p8s3¢s very ¢105e to the a]mslK)use properti¢& P4ge 25 DETAILED STATEMEN F FIIYANCIALA 2026 2￿25 lTrqCOME AYI D ENDOWMENts Other trxdine &rtlvlt6es Fami aThJ I￿￿d rents Cottage rents ndry right5 and wayleave Alm5housc Mr¢kly contriburions AIn￿o￿$t rvmmunai fi￿1 conm7K￿0 9.263 51.254 174 108,011 6.755 9,892 49,987 103.351 8.159 t75.457 J71.555 IDvestrneDt iDco•¢ FL'r r￿ed asset tnv- Ut)Fll Dep¢i8ii account intere51 Charity deposit fund iThtcre5t 121.023 26,252 4,212 T47.281 120.336 Other ltt¢oThe Other in¢om¢ 1,918 'rot8J Incomltti T¢￿thre 322.937 293.809 EXPEiYDITURE (MheT trndlAg •¢tlvl¢kJ Bod dehL$ 2.103 Investmeml tos l arm. land 4Lkxi ¢()ttagc$- repair& ioAvwKear. 43259 57216 C.h•rft*blt artlvhlti Almshouse rnies arwj watcr Almshouse insLLra￿l Almshw5c he&1 ar¥J IiR Almshouse repairs A1rn5hou5e TV li¢¢rK¢s Almshoubl projeci fees PaAoral c4rL' yerw¢¢s tkweciaiion ofthngibl¢ fixed assets CJranLs LO Instit￿1￿nS Grants 10 indtvidua15 4.21yJ 1,866 6.982 40.098 75 215J87 2.021 2,863 4.210 6,609 45.737 83 133,212 2.￿)4 1297.1201 48.081 13,073 25.518 12.365 309.211 (41.2461 Other Deprn*i*¢i04 of ¢angible fixal asyts EX￿pu0t￿l irems 674 674 244 674 918 'fhis page d￿nrt forni twé ofthe 5Wrt(Yy fuwiciaj aatcmerts OF FITI CIAL 21Y26 2025 SUp￿rt cwts FiD•Mce 473 507 Govern*Act SOCI￿ securÈiy Pcnsio Audiiorg reMwX￿io 59,628 53.752 362 4235 8J88 2,424 535 7,205 4.566 60284 7,962 42 610 4.456 Postsgc aryj siationery 8undri¢s A£counthn¢y fees (hh¢r legal profe55ioTrDI f¢es 34,-111 147.265 109,946 Total resou￿e5 exkxnded 502.985 127,341 Nel {expeDdltsreyIAtow¢ beforn t*luJ a•d 1180,048) 166,468 R¢•ll8ed reco￿1#e￿ yJl•g *nd Realistd gainslilossesl vn fixed asset tnve5thhents Rethli￿ g￿n￿{lO$s¢s) on invN¢m¢nt PTopeny 22,325 15CrfJ) N¢¢ {exptMdltu￿v1AtOll 1158,2231 166,468 This tw thx5 forni ofthe s￿￿ti)rV fitWKi815tstfflieNs Page 27