50.50 REPORT OF THE TRUSTEES AND FINANCIAL 8TATEMEKf8 FOR THE YEAR ENDED 310ECEMBER 2025 Ch•rlty numb•r 1195583 50.50 PARLIAMENT
COPfftNTS Page R•port of tho Twst•es 8tatom&nl of flnlnclal a¢tlvltle8 Balanc• 8hoQt Not•8 to th• fln•n¢141 st•t•m•nts 10-16 Ind•p•ndont oxamln•rf• roport 17
50.50 Report of th• Trust•es for th• year erth 31 DeceMr 2025 The trustees are pleased to presenl thelr repcyt the finanryal stat8ments of the charlty for th8 year ended 31 December 2025. The financial statements mplY vrith the Charities Act 2011. the charity's constitution. and Accounting and Rep. by Charitles.. Ststemonl of Recommended Practice applicable to charitles preparing their accounts in accordance with the Financial ReportiThJ Standard appllcable in the UK 8nd Republic of Ireland IFRS 102) {8ffectSve 1 January 2019). REFERENCE AND ADMINISTRATION DETAILS Charlty regislratM number. 1195583 Prlndpal addres8'. 167-169 Greot Poruand Streel, 5th Floor. London, W1W SPF CEO.. Lyanne Nicth Bankws: CAF Bank Limlted. 25 Klng$ Hill Avenufr. Kings Hill. West Malllng. Kent, ME19 4JQ STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is a Charftable organi8alion ICIO> govemgd by its cStItUtion datad 20 Augu812021. The charfty registored wlth tho Chartty Commission on 20 August 2021. The Charity 1$ govemed by the Board of InJ8t088. Tho B08rd moots quart•dy (and mor• often if required) and decides on the strateg1¢ direction the tharity take, th8 perfornance targets that Should be set and oxamlnes the recent activitiés and rf0mn(Xj of the charity. The day lo day operatlon8 of tho charity afo d•leg8tod to the CEO. R•crultmgnt & appolntm•nt ¢Jf tru•t••• Trustees are reffliited In ¢>)njun¢tion with ongoing rw1$ and skills analysis to prO¥e balanced and informed govemanc¢ for the Charity. No less than three persons may be elected. The first three Irusleas were appointed for variable tenns of ttvo to four ye8rs. Furthèr appointmants are agreed by tho trustees for a fixed tem of three yoars after which Irugte88 may be rdeCted. Rl•k m•nag8m•nl Tho truslees hav6 a duty to wjentify aThJ review the risks to whth ttw Charfty is exposed and to ensure appropriate controls 8re In place to provide reasonabl6 a$surnn against fraud and error. The tnjstees meet wularly and assess any risks to the Chanty. A Risk Register ha$ been developed. the content of which is Informed by o)nsultslb)n wilh the CEO, staff and the Board. The Risk Regisl8r monitored by the Board on a regular basi8.
50.50 Report of tho Trust for th• year ended 31 December 2025 TAt••8 The trustees who seNed during the year and to the date of this report were: Bushra Ahmed Susan Bright- Chair (resigned 14 Juty 20261 Amanda Carpenter- Chair (appjlnted 14 Juty 2026) Elizabeth Erickson Caroline Pridgeon Atonte Rodwo11 Fiona Russell Frances Scott Julia Smith 8rf8n Spurtlng Carol Ann Whitehead (regned 30 Novemb8r 2025) Gilllan Whltylollins Emily Wilsofvsmith OBJECTIVES AND ACTivmES The cl)jects of S0'.50 88 set oul in Sts constitution are.. The 8dv8n¢ement of equal and dfvorsity. In p8rbcular beiweon WOM and men and to ellmlnate gendgr discrimination for th8 public benefft Indudlng (wlthwl limitationl by 1. Ra18ing 8warenes8 of 811 a$pects of di8Crfmlnatk ¥•lthin In the UK demoulc represwtatlon system at local, regional and national levels; 2. Ralslng awaroness of all 88F¢cts of dlscrim1natk In cIety by putlcatns. lectures, use of the media, Publ advocacy arKI othar means of communicaon', 3. Providlng or facllit8llng the of a88i8tance to individuals or org8ni8ation8 Indudlng {wlthout limltslionl through training, advice or guKlan¢¢ to enable grèater partiopation by women (thos• 8alf- idenllfying as women) in tho UK18gl8lature and representstive dwnctrdtic pro¢a8S. Publlc ben•fft The trusteès have complied with the duty in section 4 ofthe 2011 Chaiiueg Act to have due TrJard lo guidance published by the Chartty CommissH)n. inthding publlc tnefit guidanG•. The Irustoes have r6farred to tho Charlty Commission's general guidanca on public b8n6fft en ravlewing th6 charity's alms arKI objectlves and in 8nD1ThJ firture aGl1vili. The Charity furthers ts charilable purposes for the publlc befft by raising awareness of discrlmination wlthln the UK d8nKuab'¢ representstson system and In swety through the use of media and speaking engagements. as well a$ encx)uraging and sUppO.ng women to progress In polllics at local. regional and national bvels through its #AskHerToStand and #SignUpToStand programmos and by holding events.
50.50 Report of the Tntees for th8 y•ar endgd 31 D•wnber 2025 ACHIEVEMENTS AND PERFORMANCE 2025 vms a year In which 50.50 grew its o)mmunty. strengthen&J its wbllc voic• and deepened its work to change the system, at a Morn when our (y•m data mLxlebling ¥hows that women's representstion is set to go backnrds at the next General ElecliM. The 50.50 communlty During 2025 the Chari8 (x)mmunty grv 19% to 10,744 induding 220 women who'signed up to stand,. spanniTrJ all polibcal parlies and those who have not yet chosen a party. All re1ve a wa welcome, with those who register interest in standiThJ elect8d office also receiving bespoke mmunirAtions and support from iyjr Communty Manager. Evenls Across the year. 50..50 d81ivergJ 20 events for over gXI pwle. and t(x part in and supported many more. 50'.50 inspired and supp women to staThJ ected office through a range of live and online evonls. These included: 8 party-specific'Pathways' online sessions. Cross-paty events such as the 'Progress on Safety. Webinar with the Jo Cox Fourdation and 'Women and The EcorK)my wtth the Women's Budget Group. 4 Connect and Reflect online s8sshJny for w(Thn from Black and ethnically minoritised communtbes to share their experiences and the challenges they face in a safe space. 2 Higher Hurdles onlinè sessvJns for disabled women to share their 8xperbtincs and challenges in a safe space. 3 Be A Councillor events, funded by the Local Govemment Association in partnership wth Elect Her a rA)alttion induding Migrant De)CracY. Operation Black Vote, The Politics Project and the Disabilty Policy Centre. desJned to encourage women to stand as lo(sl councillors. A recepb'on 8t The Speakerfs Slats Apartments to mark Intemational Women's Day 2025. featuring prominent MPS suth as Lucy Powell, Ellie Reeves, Caroline Nokes and Daisy Cooper, alongside other high profile individuals su( as Cherie Blair- 811 enUgin9 women to stand for elected office. Ask Her To Stand Day event in Parliarrt fearing cross-party MPS and other political figures induding Mims Davies. Stella Creasy. Cllr NaThla Manley-Browne. Helen MLGuire, with spcial guests Shaknra Akabusi and Michelle Keveren from Gids Who Talk Politics, discussing the balerS to VIr standing and how to overn9 them. All of the above events inspired *r)men to stand for eleded office and hel them build their networks. Ralsing Awarenes$ In 2025 our work reached dose to a million Peop on ¢181 media and we secured extenslve national press coverage, induding in The Times. Grazia. Politics Home. Huff Post and The Indendent. In a standout rafflp8KJn moment. 50.50 instslled a"panic button. in Partiament Square on 5 November to draw attention to our da12 modelling. which shows that women's representstion is set to go backwards wgnificanly at the next Generdl ElectM. The intervention drew cross-party support from MPS and ¢ovarage fri)m ouets induding Sky News and LBC. We partnered with The Fema16 Le&J to share stories of MPS. to hhlig the'sisteth¢xJd' in FM)litics and thè positive sidè of being an MP. These rx)sts attracted arryjnd 80.000 wews and. together th our #AskHerToSland oulwL cy)ntrilwbJ to almost one Millir impressions rosS social mgdia.
50.50 Report of the Tntstees for tho year 0nd•d 31 Dg¢embor 2025 Wrth the Jo Cox Foundation we ran an rmline webinar featuring MPS Jess Phillips and Caroline Nokes and CounGillor Anya Sizer to call for action and promote respe¢t for W(en in wltbcs. We also partnered with House of lfjnd on Ihr'seat at the Table. t-shirt campaign, witt) 50.'50 tnefiiting from sales. Across platforms 50.50 now has an a93r4ate of 29.0 foll0r$, sligmy bèlow 2024 following ¢hanges al Tvthrtx. Reach and engag nonetheless remained strong, wth our ampawJns gener8tiThJ dose to a millton imFrfessions over the year. Changlng culture Changing the culture in women stand is central to the x. strand of our strategy. In 2025 we (XYIV9ned roundtable discJJssions between the .50 communty and the leaderships of the Conservative and Labour Parti99 to develop practical sdutions to trte p8rsistent shorlfall in the number of women selected to starKI for election. We continued to advocate for the relnMendat set out in the Reset Report- created in partnership with Compassim in PolitKs. These recommendations seek to create a more indusive and effective Padiamantary culture. In addition. highlighted progress on safety via webinar in parlnership with the Jo Cox Foundation. FINANCIAL REVIEW The income of the Charity arThnted to £131.047 with net incx)mg of £9,001 (2024.. income of £104.289 with net expendibjre of£3.548). Reserves pollcy The policy of the Charity as at 31 December 2025 was to have free reserves of three months. minimum operating costs to fund tts work (currently budgeted ai £18.983). Unrestricted reservos at 31 December 2025 were £35.20812024: £29.662). As at 31 December 2025 the assets of the Charity are considered adequate to fulfil its obligati(Jns and the trustees consider the state of our financial affairs to be satisfa(aory. PLANS FOR THE FUTURE 50.'50 is enacting a Ylcth arKI fr, strategy over Ihe next election cyde, working in partnership with aligned organisations in order to maximi88 our collective impact. Our aim is to flood the system with diverse. talented women and fix the parts of the syem holding vAxnen back. Our threg areas of focus for the coming periryl are: continuing to raise aWarer of the gender imbalance in Partiament and elected b(xlies throughout the UK. and the ncem1n9 dowmvard trend in women candidatss and why this is a problem; inspiring, recruthng and supwrb'ng wcKnen to stand for elected Offi.. identits'ng and dismantling the barriers women face in reaching elected offic 50..50 is working towards the next el]Qn$. both local and national. focussed on holding the politlcal Parties to aCunt on gender banCe. Wtth the proportion of women candidates falling, our Ylood and fix. strategy is 7¢81 to preventirvJ a regressK)n in women's repres8ntstion at the next 98nwal election and at IorAI level. We wll continue to raise awareness of the issues arnd gellder imbalance in our elected bodies and to work with partners to address the many barriers including financial eonstraints. corffidence. thr of abuse and violence. that stand in the way of equal representation, wth a partthlar f(KyJs (m the ¢andidat8 selection prixsses.
50.50 Report ofthe Tntsts•s for the yw ended 31 Decernr 2025 Buibjing on the grosth of our nelwork and with the suppjrt of our Patrons and Ambassadors, we are aiming to expand the team so that we can exiend the reach of our work: inspiring 8nd supportsng women from all backgrounds to 5tsnd for eleth.on and th(Thighly interrcgating the randidate selection processes to diive lasting. positive charwJe. TRUSTEES, RESPONSIBILMES IN RELATION TO THE FINANCIAL STATEMENTS The charity trustees are responsible for preparing a tnJsiees' annual report and financial statements in accordan with applThble law and United KÉngdom Accounting Standards (United Kingdom Generalty Accepted Accounling Practice). The law applicate to chariti8s in EnglaThJ and Wales requires the dwrity twstees to prepa financial ststements for each year whith gNe a tFue and fair Mew of the state of affairs of the charity and of the inL¥)ming resources and applicalion of resources. of th8 tharty for that period. In preparing the finanoal statements. the tNstees are requir9d to: select svitate 8cntiTrg and then aPpY them consistenty; observe the methods and principles in the applicable Charities SORP.. make judgements and estimates that are reasonable and pnKlenL stste sthether applicable *xounting stsndards have been followed. subject to any matorial departures that must be di%dosed and expL4ined in the fina81 ststements., prepar8 the finanL781 statements on the going concem basi5 unless il is inappropriate to presume that the charlty wll continue in business. The trustees are responsible for keeping proper accounbng records that disd05e wth Teasonable accuracy at any time the financial positson of the charity and to enable them to ensure that the financial statements compty wtlh the Charities knt 2011, the applicable Charities (Accounts and Reports) Regulations. and the provbions of the LM)nstitubon. They are also resp)nsible for Safeguarding the assets of the charity and taking reasonle steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the fflalntenan and integrity of th8 Chaiity and financial infom8tlon Included on the Charity's website in ac£ordanco with legislatr.on in the United Kingdom goveming the preparation and disseminat of financial statements. Approved by the trustees and signed rm their behaff by usan Bright Chair 14 Ju202
50.50 statamgnt of Flnanclal A¢tsvlties for th• year end•d 31 December 2025 Totsl fund• 2025 Tol•l lunds 2024 225 2025 2024 2024 INCOME FROM: 109.660 21.1 1X+,MO 91.119 12,891 fQl810 4T9 TOTAL INCOIIE 21 EXPENOITURE ON: Ro181rvJ funds ch8th28 1&778 16.7T8 91,059 10,679 TOTAL EXPENOITIJRÉ NET IN¢OMEIIEXPENDIYURE) (4J&)J 2.012 (15481 (600) TOThL FUND8 AT 1 JANUARY 2026 1.412 31.074 34.822 J4,•22 TOTAL FUNDS AT 31 DECEMBER 2020 Tho notes on pages 10 to 16 fomi part of Iheso finanryal statements. The stsl8m8nl of fin8ndal advlties iThSudes all gaIr an¢J losses in the perfod. Atl Income and expenditure defive from conllnuirvJ a¢t1Wt.
50.50 B•lance Sheet at 31 DacthTrr 202S 2025 2024 CURRENT ASSErs Debtors Cash at bank and in hand 270 41.603 41.873 1,498 33,249 34,747 LIABILITIES CREDtfoRS: amounts falling due wtthin one year NET CURRENT ASSETS NET ASSErs 13 FUNDS OF THE CHARrrY Restricted funds 12 4.867 1,412 Unreslrict8d funds 11 TOTAL FUNDS 075 Signed on behalf of th8 trustaes usan Bright Chair 14 July 2026
50.50 Notes to the Accounts fty th• year endgd 31 Doc•mbEr 2025 AccouKfiNG POLICIE a) Accountin Basis ) Baws ofprepaTrlion The accounts have been ppared in accordan vthh AcLwnting and ReFQrting by Charities: Statement of Rrnmended Praclice aPIcable to chartlies preparing their acnts in accordance with the Finaal Standard applitrAble in the UK and Rewblic of Ireland IFRS 102) (effective 1 January 2019)- ICharTties SORP IFRS 102)). the Financial Reporknng Stsndard app1The in the UK and Republic of Ireland (FRS 102) and the Charitses Act 2011. 50".50 meets the definition of a pul benefft entity under FRS 102. Assets and liabiltties are initially recognised at historical rJ)st or transacti value unless otherwise stated in the relevant a¢rnting 1¢Y note(s}. 11) Preparation of the accounts on a wing tn( basis It is the trustees. view thal thore are no material uncèrtainties regarding 50.'50's abilty to continue in operatr.on for the foreseeable ftthjre taking into acUnt all available infomiation, and have neither the intention nor the need to liqUate or curtail materialty the scale of its operations, and have prepared the 8ccounts on thal assumption. The trtOeS have reviewed the finanaal wtion ft)r thg coming year and are satisfied that the charty wll have sufficient fvnds. largely owiThJ to the (tsntinu supwrt from the Joseph Rowntree Chaiitable Trust IJRCT} from whom grant fuThYing was awarded in November 2025 (commencing April 2026 for Iwo years) and through the financial support of"Friends of 50.50". As at 30 June 2026. 50."50 met its reseryes Fxjlw. Further grant tundiThJ will be SOLFght during the (MIng year and will be critbcal for 50:$0 to continue its wofk over the longer lem. b) Fund Accoun . Unreslricted funds are available for use at the disuelNM of the trustees in furtherance of the general objectlves of the dwrity. - Restricted Funds are subjected to restricbons their expeThJiture imposed by the donor or grant award or through the terms of an aFveal. ome All income is inded in the statement of finan(aal acbvitw when the charity is èntiued to Ihe in(x)me and the amount can quantifted r08sonable araCy. Donated services are induded on the basis ofthe value of ts gift to thaiity. Expenditure recr•Jnised on an aOX15 basis as a liabilty is Incurred. Expenditure i8 Ctassiw under the followlng actsty headings.. Costs of raising funds relate to the o)sts irKurred by the charrty in seeking grant funding and receNing donat$. as well as costs relatir¥J to the promoth)n ofthe tharlty for fundrdising purposes. Expenditure on chanlable ackn"vtties includos the costs of the initiatives and events uThfjertak8n to turthèr tho pufFY36 Of1 charity and their a$tiled support Sts. io
50.50 Notes to tho Ants for tho year ended 31 D8wnber 2025 OUNTING POUCIES cop¥riNUED Debtors Trdd8 and other debtors are recognised at the Sotllent amount due after any trade discount off¥ed. Prepayffnts are walued ai the ant prepaKI net of any trade discounts due. Cash At Bank And In Hand Cash at bank and cash in ha1 iludeS cash and short term hwJhty liquid investrnents with short maturity of three months or less from the date of acquisitKm or opening of the deposit or similar account. Crodlto Creditors are recognised syhere the drity has a present obligation resulting from a past event that will probabty result in the transfer of funds lo a third party and the amount due to settte the obligation can be measured or estimated reliabty. Credttors are normally recognised at their settlernent amount after allowing for any trade discounts due. Contrlbutions to nsion funds The chanty makes available to all employees a defined contribution pension scheme operated by NEST. The pension costs charge(1 to the Ststement of Finan81 Activities represent the amount of the C£ntributions payable to the scheTh in respect of the accounting period. Cash Flow Statement The thaiity has taken advantage of the exemption from preparing a cash flow slatsment in accordance with FRS 102 on the basis that it qualtfies as a small @nlity. oratlon tax 50..50 is a registered charity and as such its in¢)Th and galns falling within Sections 471 to 489 of the Corwratron Tax A(* 2010 or Se(lion 256 of Taxation of Chargeable Gains A¢t 1992 are exempt from corForatiM tsx to the extent that they are applth to its charitable objectives. li
50.50 N¢>tss to the A¢cwnts for th• y•ar ended 31 Dec•mber 2025 2. INCOME FROM DONATIONS AND LEGACI Unrestrictgd Rtricted funds funds Total 2025 Grants Donations Gift Aid 53,011 53,830 2.819 21,C 74,011 53,830 Unrestrlctod Rostrlcted Total lunds funds 2024 Grants Donations GiftAid 65.529 24.119 1.471 12,691 78.220 24,119 1,471 103.810 691 PENDfTVRE ON RAISING FUNDS Total 2025 Total 2024 Stsff costs Communications, dat8. s(K#al medla & PR Donation platform Ix)sts Stsff related costs 20,630 2,424 490 119 23.663 14.716 1.570 393 99 16.778
50.50 to the AGGounts for thg y•ar •nded 31 Dewnber 2025 4. EXPENDfTURE ON C LEA ES Direci Support Govemance costs Total 2025 Staff costs Events & proVIon of 8dvl¢618UPk%Nt Project costs Communications. data. Swal modia & PR Staff related costs Office costs Legal & professionol f88s Bank chargès 33,397 9.252 5,C0 25,605 1,335 11.040 8.184 39 52.621 9,291 5.000 25.605 1,335 779 3.692 60 779 792 9.015 Supwt Govem8nc8 Costs costs Tot81 2024 St8ff ¢osts Ev8nts & Provis of &dvKeI$upt Pmject costs Communications, dgta, S(81 medl8 & PR St8ff r8lated Gosts Office costs Legal & pmf8ssh)nal foes Bonk ch8ryes 37.099 10,232 10,340 9.362 56.801 10,232 18,599 2.224 37 18.636 2.428 537 720 1,257 60 91.059 ET INC PEND Nel incomel(expenditurel ks Stated after charging: 2025 2024 Independent Examinels fee 756 720
50.50 Notes to the AG¢ounts for tho year onded 31 DeceMr 2025 AFF COSTS AND NUMBERS 2025 2024 Wages and salaries Social security Co)sts Pension costs 57.150 302 50.014 1,500 59.166 The trjtal remuneralK)n of the key management pww)nel was £31.(5 (2024.. £31.120). The average number of staff eMOyed during the yearvra$ 2 (2024: 2). There were no employees wth emoluments exceeding £60,000 pgr annum during the year {2024.' none). 7. TRUSTEES. REMUNERATION AND EXPEN During the year a total of £103 was pa to 1 trustee for reimbursement of costs paid on the chanty's behalf and travel expenses (2024.. £308 to 2 trustees). No trustee reC%N remunefatson in 8ither peri¢)d. 8. DEBTORS 2025 2024 Trade debtors Prepayments and accnjed intAxne 1,2( 298 1,498 270 270 9. CREDITORS: AMOUNTS FALUNG DUEWIThIN ONE YEAR 2025 2024 Trade credttors Accruals and deferre(J inc>)me 1.040 758 1,798 1.540 2,133 3,673 14
50.50 Notes to the Accounts for tho yoar onded 31 D•wnlw 2025 10. FINANCIAL COMMrrMENTS The charfty has rrf) futuro minimum rentals payable wxler non-rsncellabkg operating leases. 11. UNRESTRICT FUNDS At1 January 2025 Income Expondllure Transfgrs At31 Dfrcember 2025 General funds Joseph Rowntre8 Charitabla Trust 40,547 (10.885) 57,036 53.011 {34.103} (70,398> 116.5231 16,523 46,957 (11.7491 29 662 110.047 104.501 Atl J8nuary 2024 At31 December 2024 General funds Jos&ph Rowntree Charitsble Tnt 26.069 65,529 (18,089) 179,069) (6.481) 7,081 40.547 (10.885) {4.426) 34.622 91.598 29,662 Transfers betsveen fvnds represent the transfer from unrestri#ed fvnds to coverfinal deficits at project c(mplelion or funding period end (see r¢ote 12 below). 12. RESTRICTED FUNDS At1 January 2025 Incom& Expendlturv Transfers At31 December 2025 Amplifying Muted VoThs {fvnded by Rosa & Male Allies UK} Be a Councillor (funded by Local Govemment Association) Reset Ifunded by JRRT) Fundraising (funded by JRRT) 1.412 (1.412) 6,0(K) 10,000 5.000 {6.0001 {8.7331 {1,4001 1,267 3.6LNJ 12 21,1)00 4.867 Atl January 2024 At31 December 2024 Local GovemmentAssocialion AmpIng Muted Voices ffvnded by Rosa & Male Alligs UK) 4.491 (3,891) (600) 8,2CQ (6.788) 1.412 691 10.679 600 Restricted funds consist of funds gNen by a donor lo be spent on SFeufic pmpcts or categories of exp•nditure.
50.50 Notes to the Accounts for tho ygar •nd•d 31 December 2025 13. ANALYSIS OF NET ASSETS BErYN FUNDS N8t Current 31 December 2025 Unrestricted funds Restricted funds 35,208 35,208 4.867 40.075 Net current 8ssets 31 December 2024 Unr9stiycted funds Restricted fvnds 29,662 29.662 1,412 31.074 14. RELATED PARTY TRANSACTIONS During the year. the charity receNed (knatiorts given without coThJitions from related p8rties totalling £5,117 (2024: £2,357). During thg year £nil (2024.. £4,968) was paKI to The Zebra Pathership Limited of which Carol Ann Whrtehead is Managing DIr8dr and £621 (2024: £nil} was paid to Carol Ann Whitehead for project management of the Amp11.ng Muted Voices campaign and reimbjrsement of travel expanses. One trtte8 provwjed IT suprth in with a value of £6,000 during Ihe year {2024: £10.0). 16
Independent Examiner's Report to the Trustees of 50.50 for the yearanded 31 December 2025 I report lo the Iruslees on my examination of the ac(xiunts for the year ended 31 December 2025. which are sel out on pages 8 to 16. R•$pon$lbllltles and basis of report As the charity Iruslees ofthe Trust you are responsible for the preparation of the accounts in aOrdanCe with the requirements of the Charit$ Act 2011{'Ihe ACYI. I report in respect of ry examinab'on of the trustee's accounts carried out under section 145 ofthe 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charfty Commission under section 14515)Ibl of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm that no material mallers have come to my attentlon in connection with the examination giving me cause lo believe that in any material resp8cI'. 11) accounting records were not kept in respect of the Trust as required by s8clv)n 130 of the Act,. or 12) the account5 do not acccffd with those records" or 13} the acLounts do not comply with the applicable requirements concerning the form and content of accounts set OLrt in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, whh is nol a maller consKlered as part of an independent examination. I have no concerns and have come a¢r95s fKI other matters in connectlon with the examinalion lo whi¢h attention should be drawn in this report in order to enable a proper understanding of the account$ lo be reached. Paul Baker FAIA Applied Accountancy Limited 50a Clifford Way Maidslone Kent ME16 8GD Dated.. 141h July 2026 17