C*8rlty wistration n￿￿t￿r.. 1196437 Guiting Manor Amenity Trust Trustees, Report and Consolidated Financial Statgments forthe Yeer Ended 30 April 2025 Just A￿rit & Assurance Lid Stalutcry Auditors 37 Ma￿t Square Witney Oxlordshire OX28 6RE Gultlng Marnr Amenlty Tr4*t Contents Reference aThJ AdmInIstr￿1v& Detsi18 Tnjstees. Report 2108 Ststerr*nt of Tru8tees' Respon$6tilltiès lndepefjd￿t Auditors, ReFort 10t012 Ststern8nt of FIr￿n￿al Aclvities 13 Balance Sheet 14 e￿Idated Cash Flcvtv Ststement 15 Notes lo the Ftnancial Statay 16to32 Guftlng Manor Amenlty Tntst Re1Wen￿ and Ad￿￿n￿tra1Ive Detalls CH￿1 M F Greenhill- reUred 9 July 2025 C D Hayes MAHunt L Knee- aroointed 9 July 2025 A J Prlco J E Spreeklgy Mr8 D B8vls. Trust Manager, *kno deab ¥￿th the merwenl and admlnlstrailon ol the 8￿r$ of the Trust ¢)n a (lay to day basis. Mr A Tatlow. Build1￿ Manager. th furks th& In-1￿ tAiilthng.leam. dealing *Tth the malnlenarrfx, ropalr aTrJ r￿0vatI¢￿ of the propety portfolio. Mr N Bumt¢rd, Fann Manager and Managlng DI1￿10r of Gulling Manty F8m)$ Linlted. who overse6s the o)nserv*ion proJe(Is urKlenak6n on bghalfof th6 TrusL Prfn*al Offlc• Estat8 offi GuiliTh3 Power Cheltenham GIouc8St8rslNr8 GL54 SUR 1196437 Chwles Russell SF*ethys Coow8ss House Lypiatt Road Cheltenham GL50 2QJ LWS Bank pl¢ Idoreton in Marsh Gloucesternhire GL54 OAY Just Audit 8 As8urnn￿ Lid Statutory AudltoB 37 Mathei Square Withey OX28 6RE PaJe 1 Guhlng M8rK•r Amnty Tnjst Triist88s' Rqjort The trustees present the annu* report iogethorwith I￿ fmancial statements and Jjthlors. report olthe 6ty the yew erwjed 30 Awil 2025. The prindpal objeuive of Ihe Trusl Is the wrtsetvalkx) ofthe18nd and bulldinos ol b8auty and historical inierestwtthin Ihe Parish and ￿￿¥￿ere. especidly ￿1n the Cotsydd Hills, and isèxteridedlo Fr￿Ude presgTvlng the local nJral ar¢d chara￿er and amenrfSes ol Ihe area. The Twst fvlfils its obje￿1¥8$ by syYwatheOcally renov81tng the prowltes it owns aTrJ erthavouring to engjre thai commercial enierprises can find space to reni in the Trust's comThrc#* properties 8t reasoFlOble market rents. Thwe are two shops in Ihe wllage, both in Trust properties, bakeryldolicalgssen and 8 café whlch 81so sells a more general range of gc(*Js. Thg fomier enlerfv is still relatively new to the vi1189& whilsi Ih818ttsr ent&rwtse also recgnty ch8W and hws88 Ihe rrdile post office which visits the village iw1￿ a week The schod bulldw is rw 0￿pIed by an OFSTED 'oiitstandlro' raied. Monb$sori weschoo]. The Trust Supports the North ￿wOld Fed Bank, ¥￿￿¢￿ ￿pIeS on8 d the Trusfs coFwr78Taal units. The priority of the Tfustfor the year ended 30 Apdl 202S w88. in aeeordgnLP With Ihe Twsl's o14e¢tiV8$, to ensure that the M8￿MuM number of propgrugs were availabte for letting and refvrtslshments were Undertaken when necesw and apmi8tg. There conilNes to b¢ on empl*ss on the owoEng programme to Improve the trrwy &fficiency ol tt Ifust prop&rties by Up￿adIng overall insuL3tion and fittlng d¢)uble or secondary qfaang tr) windows aTr moving from oil centra heating lo ¢)ther energy efficient Sour￿$. Wood-bumir¥J stoves and their 8Ssoeiatod )lues ara also being upgraded to ensure maximum gffioency. obvi￿$1Y, ihe stontrbuilt hoLkses and cott8ges in Guiknng Power are not witable for ￿her types of improvement. for exam￿8 Ixvity-wall insulation. whlth V*vuld provi(Je enhell￿d enew èffiaency. Vill8g8 landscspe The Trust, in renting out the houses 11 owns. ensures that there is a choic8 bgiween owner cJ hgbhat enrithment as well as vlsible landsc*pe improvemenL Th15 Involves SLth Items as hedge-laylng. c(Jw'cing. tr•9 planting and glade ￿eatIon in I￿18￿J. In cordence habllat schemes hedge ¢YJtting is c8rrted out in one, Iwo or three year Cy￿. This has been inslituted to m8ximi8e the benefitforNMldife. GMFL cfeabs and M￿ageS a vide rang& offeeding. nesting and readrwJ habltsts for familand birds. A number of raN(K ￿sting t(*Xa$ are instslled on th8 Farm aThJ GMFL works closelywith the bird rectyding and monliorlng schemes, 8r•vc4unteer19d GwtryMonorFÈWmS LKnitedlGMFL) GMFL continues to host regular vistts frcrfn b)Ih H8rtpury-UWE arKI The Royal Ag￿￿[l￿al Unfversws I￿ltieS (vthen COVID njles ellow) demon&rating agricullwa and laThY managem¢nt wacttces. These sits are often used for *lting ly)th eoursa w)rk and gxaminotion ass868ments. GmFLe￿1irnA@5 b be used asa beaa)n fam) and host$ visits rm t)ahatfoforgalli8ationssu¢has Nattnl E￿land, FWAG, NFU al￿ other larmltvJ groups as V+pH as vi&ts from MPS. GMFL has instslled photo voltalc panels trt roots of 50m8 ￿￿IdIng$ whlth arg ￿patste01 produ(ang 200kVVh of ele¢*icity. Surplus electridty Is f6d back into Nadonal Grjd ther￿ aidFrYJ U￿S achievement ofits renewabl& energy tsrge The diffia￿ty Ash Dle Bad( eontinues ?ThY will do so for mary years. Advlce has twi laken. and is regularly being taken, alxyjt the slat8 of thè ash tree8 in the woc4Jland and hedgemws ovmed by Ihe Trust A18rge number of ash tr&s have t*en f¢llgJ from 8 safety pers￿*Ve ond more are eamiathed for felllng. h is pleasing to nol& ihal new pJ8ntings have alreaty begun pallculaty in Wows and Ihis is ngw w as an ongolng In viaw of the nwnt¢r of ash Ire8s removed or eamarked for rfiTrmov81. Speuficaty undistrjtbed arees for insects. birds and sm811 mammals. are bglng ryeat8d IhrouglK)ut Ih farniland. Thero are some Small areas of speo85qicti limestone grnssland o)ntalThng rare and endangered speoes which a￿ be1￿J carèfvlly managed to en8ure Its p￿serVati￿. PubllcAccess Trust owned tarKI. whère pradicable. Is avarfable for pubtrc access. thrwh pwmissive rwtes not rgstrlcted merety to hl*orfc kntpaths and bddeways, bthich Invcdves doso fiaison Ylth the cOt￿d AONB wardens. A wblic car parf( Is avallable to thilhale public 8¢cess lo th8 Trust land and 8 ￿rg• are8 of open partdarxl end wood pastuTr is availab￿ for re￿8￿0[￿1 purposgs. Tl* Trust is looldr¥J al furthei opport(mlties to factlit8te Ggr rATkirrfJ wlthin th& vt1189e. Lljring th8 year to 30 April 2025 thg Trust spent £728,064 (2024 . £604,284) on thè Inclusive costs maintenants and repairv￿th £139,60612024- £105,300) spent on capital woperty pYol¢ct& Pago 3 Gultlro man￿ Amenlty Trttsl Tn13t88¥ Rom (¢x•ntlnued) The trustees confirm that they hgve CExnpfied wlth tho rwwirements of se￿10n 4 of the Charftl88 Aci 2011 to have due re￿rd to tho wblie benefit guidarKe wtdished by the Charity Commt66ron for Engtand and Wales. The residerfal propww ofth# T￿￿1 have bw maintained tFwwalKJUt and upgr8d&* when appropri810, usually on the thang8 of tenant. The Trust are fortunate in hawng to maintain a vrniting Ilst of prospectFve ten￿ts for ofihelr properties. There were no new bulds in lh8 ye&. Church Bam has been fully converted lo office space during the year and is now 0￿P1￿ by a new corrffterdal tenant. Maintsnance work has ¢onlin￿d around Ihe villago and Ihis has been undertaken by both thg employees of th8 Trust and the fann. As noted above, Ash Di& Bac* is a signlficantfxobfem tn the woo(lland areos and on ro8ds¢d8 hedges and is bgir4J undertaken to assess the tondition of tretrs wilh felling an all too familiar sighl. As menlloned, reF48nting has laken ptace dudng th8 year this Mfjll continue for the fcfe5ee8ble fuwre. During thè year, the ongolng archaeological dig has been o)rninued for a fijrtheryear in a field krKyAn as Parsons PFece. The Ilnds are most encouraging and ewdèn¢e of a SubS￿n￿OI ¥lructure has been uncovered. The slte was open to VtsitLY$ and Cotswold School again visited for a day rgcentty around 150 puFils enjoying the day. ￿ transport cost was funded by the Trusi Futherwmrk is Th)w bdng undertaken to take the invesbgaiion to the next siage arKI identity and dale thè Struclwe. Work has COn￿nUed dwin9 Ihg year to make an hislovlc Llme Klln on Tru8t accessible. GLNting Manor F8rm$ LimitwJ- the farmtng (xjmpany. ￿cIty by the Trust. has 0)ntinL￿1 to farm in an environmentally friendly mannw on Ihe land S￿o￿n￿ng the v1118gg and ￿ donated £ID),000 (2024- £Nil) lo the Trust during the year. The sh¥e p￿f￿￿O Is prof8sWrt￿[Y m8naged by RathL￿e$. These fiJTrJs 8re held as reseTV88 and lor the purchase of PKOFerties in Guiting Power should suitsbl8 and appropriate proFerles becfjme Pagg 4 Guit1￿ Mar*)rAmenity Tnrnt Tnthe3' Rem ((x)niinued) Thè fin&Joal statorrtents appended to th15 repm refl￿t th8 acbth ouUin8d at¥)ve and hw• t*¢n drMI up kn CoM￿Y wth tts Sratem&nt of Recommended Practrce for ¢h8ri1ies. Tho prfncipal income sourco for the Trtrst Is the rental income from thg18lling olthe Ttusl wop8rties. both reSId￿traI and Cmercial, ark1 there twi no dgnlficant b8d dobts lo nots. As In Ihe prevlous year. the lIn￿￿8[ ststements are dra¥￿ up Thlth expenlfrture on wopentos b¢inq retwJtgJ a$ Charitabfe Activtlres. This is in Ilne with Ihe Twst's objects of consèNation ofland 1>￿IdIng8 and the TrustE8s believe that this presont8tion, prcpgrty fefie¢ts ts Trusts ¥Eivltre& Net incomlng res(Wr￿S exceeded net resources exp•rthJ, before gaiwosses on invesiments, ty £5.679 (2024- £510.223). Realised gaIr￿lI￿Sses} on thfy sale of quottsd inveSth￿nIS amounted to £2,083 (2024- £2,083), Unr88lised g8lnsl(lossos) on the r•valuation to market Val￿ of quoted vestments am(MJnted lo £16,881) {2024- £{3,524}), Unreallsed galn8 on th8 revaiuation to mathet vafue of invgstment PrO￿rI¥￿S amounted to £282,767 (2024 - £2.413.574) and unrealised galnsloosses) on the revalu8tron olfixed assets amounted to £- (2024- £-) resulting in 8 net incfease in lunts 01£285,089 (2024- £2,485.￿l). Tho ovorall fiJrnJs availat46 to the TnJ$t shoLrfd be ￿ffident to ena￿8 it to contr￿e to out Its ststed objgctives for Ihe foreseeable futLTr. Thg trusi6es have consid8red the level of free reserves to be hetd In the Tnjst and are of the opinion that tsse should be held at approxfmateFy six monrhs. worth of nomial exp0Th￿ltUr0. The maln source of In¢omÈ 1$ rern frcKn the properues oW￿d by Twst and as is regular and reI8tivelyse￿. Rent coifecttcm has b98n g¢Jod such thattherehave not b8enany slgnlfrtxnl Llid dobts In the year. Investment in￿m9 Is more spotadlc by nalurg artd 1$ relnvested inlo the inv98tsnert pjttdio. monles aro also Invest￿ wth the stc¢kbroker and investrn8nts themsefves realised as r￿eSSery to rd088e funds, as required. free reserves h81d ai the of ts year {dgfinod as exCI￿lIng InvgstftMts a$ arB required lo generats inwme lor the Tw*) and after designaied income *eady ￿mmI11ed to bildiThJ projects. £..were deemed 8deqtth al Ihe balanc8 sheat date. Th8 trustees hold a mediumryriskjbalancthd approth imiesThoN pwtfofio managed pr0fe&%icY￿1ty ty RBlhbcfies Stctkbrokerk The p￿[10 is ￿Ing managed by Rathbones in attoftfan¢e the risk mandate given to th8m by the Trntstees and the￿ ore no restrrctkjns ptaeed on the investrn￿loI￿oIM9S although Environmental, So¢ial & GovemarK8 O￿aderatIonS are telng o)nsitsred tythe Trwees. The Trust is C￿nIr￿tted to hlgh Stsndarts vlth regard to furkJr8isiro 8￿NIty has complied vAth all laws ￿lating to ¢harili8s arkd fundrai*ng. We are dear, honest and open about our a￿1V￿leS and fundrarsing requlromerts. We do not employ ary wof&sstonat fun(kalsers or use ctmmercr81 partiCiP8tor8 nor￿Wo 0￿￿*all rt￿beTr of the pubiic. No fuTrJr8lsing acti￿lIeS 8fB carrfsd out on the TrLBt'$ behalf by extwnal ", rio complalrts fecetved fundraisiw a￿ly1)eS durin9 2025. Pag8 5 Gultlng MarK>r AnHthy Trust The Trust contlnues to seek to renovate and ￿grade the proWi8s it (p•ms. Ma1￿ reftrtjisthents are ncnnally as and wthen a propoty b8ftsxes vacant. Thls Is largely b￿a￿, glv6n the age of some of th6 tonants, thore is a natural reluctance. from t>olh Ihe tenant and the Tr￿, 10 T4Jffer or infllct major d1sfUp￿OD by an onfortsd Iwuse move for a period while th8 Trtork Is For thls reas￿, it is difficult lo loreca8t how mgny Sub*￿b￿ LpJf8des are to b8 oyrtpleted. but the Truste6s expe there to be Iwo to thr8e each year. The Tnjst has now c£rfntsted its aim of lrnwomng energy efficiency of all properties In line with govemment reQ￿TeMents w¥J some of the wope1t￿ hay8 considerauy better rating than the mlnlmums requir￿￿. There Is an annual vislt ￿ all propeities. undertaken by a SLryor. From this an annual plan for day to day m8intenanc8 is drawn up lo ensur?Ihattr* properties do onsblliti&S in accordan￿ wth these requlrgmerts. We believg that the audll evldence w8 have obtslnwj is wjffioenl approwigte to provtdo a b8si$ forour optnlon. In auditiThJ the financial stètements. we havg cNidud&d that lh8 trusfres use of th8gSng c(￿¢•M basis of accounUtvJ In the preparatlon of the financial statements18 approwlate. Based on work we have p8rformed. we have not Identifi&J any matèrial u￿rtaInlI¢S relating to events or o)nditlons that, indlvidually or colledively, may ￿8t $gnIfi¢8nt doJbt on the ¢har¢tys ability to continue as a going concem for a wiod ol at least Iw91ve months fn>m when th8 original finarrial statements wer8 authodsed for Issue. Our responsiblllties and tho resporubF11tt8s ofthe truste￿ re4￿Ct to going cmm are d88uibed in th8 relevant s￿l0n9 ofthis repott The trusiges ale responsible for the other infomatlon. The Qlher infotmation ¢omprt5e5 the inf¢)miaUon induded in the trustees, report. other than th8 financial statements and ouraL￿1t0vsr0pOrI thfjrec￿. Our opinion on the financial statements d￿8 not cover Ihe oiher Inf(vmati(x) and. except to th8 6Xtenl 0th8twis8 expllcitly stated in report, we do not expre9s any fonn of assurance uJnclusk)n ther8cn. In cor￿ttl0n with ouraudlt ofthe finartial statemèni$. I￿r r8spon%bllity is lo the other information and, in cloing $0. consider *thèther the other information 1$ Mate￿allY In￿nSiste￿¢ ￿th Ihe financi81 st81ements or our kn￿edge obti￿ned in the gudil or otheFwise appears to be materially misstated. If w¢ id8ntlfy ￿th material lnconslsten￿eS or apparent mat9rial MISS￿leMents. we are reffjllred to ¢JeEémlne whether there Is 8 mateftal misststement in tr* finanaal ststements or a malerfal misstatement ofthe other infiymailon. If, ba88d on the have perfcffted. we condurje that I￿re Is a materigl misststement of thvs other Infcffilation. ￿ are rgqulr8(J lo report that f&t. W6 have nothlr#J to report In regard. P￿8 10 Gutt1￿ Manor Arww Tiiist Indep￿t A￿r8, Report to ttke Trustees of Gulllng Manor Amenlty Tnjgt In tsghtol(￿r kntrth¢dg8 aTrJ undw81￿￿ ofth8chtyand Its envlronmsnt ¢)btsinedin ts o)urse of the audiL we have not Identified misstatsments in the Trustees, Report. We have noihino to reFOrt In respect ofthe following matters wthere lh8 Charfiles {A￿￿ts and Rep)n) Regulatio￿ 2008 requlres us kn report to you If, in ow opiruon: 8dequ8te accwnting reoyds have not been kept. or rebjms &Y8quate for wr 8uitht h8vo not be received from tranches Th)t vi&ted by us: ¢x the fmanclal statemenls ar8 not In agrwnent Ihe acCoun￿n9 rgcords and ￿ or certaln dlsdoswes of twstses remuneration Sp￿lfied by Eaw arfr not madé" or W8 have not re¢eivad all the inf(yrrÉ*ion and ewanatlorts we requirg for our aud As explalned rrM)re futty in the trustees. re$ponsibllities ￿aternent {sel out on page 9}, the trustee5 are tesFrf)nwble for the preparailon of the ffn8ncial statements and for b&rKJ satisfied tsl ttw a true arbd far vi6w, and ft)r 8tJch Intornal contsDI 88 the trustees determine is necoS$3ry to enable th8 preparation of financ4818latements thai are free from maledal misstatemenl io fraud or In preparing ts financlal Sts1￿￿8, tru*e8s are responsiL4e for asses&n9 the ehwlty's abifity to continue as a going cormn. discloslng, 8$ 8pplrable, matters related to going arnl using thg going concem basis of accounting untess the Iru5te8s ellher Intend to li￿date Ihecfority or to cease oper8tion8, or have N) reallstlc altemative bLrt itr do so. oUr￿le￿e8 ara to oblain re•sonaW assur8nce ab￿￿ whètherth& )Inancial Stat￿ as a whole 8re fre6 from materi81 misstatemon( vthgther due to fraud or error, anil 10 issue an 8L•Yltorfs remth81 IrKludes our oplnlcn. Rea5c￿8bI8 assurance Is 8 high level of asgJranr*, but Is not e gu8rantee that an a￿111 fX)nd￿1eO Sn aC￿rdanCe wlh ISAS (UK) wÈll always detecl a malorial misststemenl when il e￿$ts. Misststoments can arise from fraud or error and are conSid￿d m8terid rf, iThlividually or in Ihg aggregate, they could r889)nably be gxpected lo InfluerKe the economtc dedsbns of users i¥ken cn the basls of these fnendal *8tements. Th8 extent to tyjr procedwés 8re (*pable of detectFng irwularitigs. indudrq froud Is detsiled bo105Y. Page 11 Gultlng MarK￿AMenIty Tnist lThdependent A￿11th, ReFUt to the Truste8s of Guitlng MarK)r A￿lty Tnist ¢lJf assessment fcw9d on key laws 8rKI regulatlons ts charty has to **mply ￿1th and areas of the financial Stslements we assessed as being more su8ceptiUe to mlsslatemenl. Thesg key laws and rewlations Indimded but were not Ilmiled to compllancf the Charitles A£t 2011, Urmled lfjngth)m Genèrally Accepted Accounting Practits arKI relevant tsx legislation. We are not r9spOn￿ble for preventing irregulartties. Our apwoxh to d8tert irregubrltles iTrSud6d, bul was rK)t limtied to, foNowing'. • oblainlng an Imderstsnding of the Charitys policaes and procedufos and how the thgrity has CUYYJlied Ih these, Ihrough dIscUssth￿ and sample i&sttng of controls,. ' cèiaining ￿ understsnding ol Ihetggal and ￿gU18trJry frame%wrk ¥PFllcat4e to the thaty and how the charity Is ¢ the sl£tem&* of fironci818(#ivilies as th8 reL9ted e%pendÉlure 1$ inojrred. A de15ned ￿n[fi￿J￿0n plan is a pen51on plan under whl¢h fixed contributlons are pèld into ? pension furKI and the Twst has legal or cx)nstruciive obllg8tion to ppy further contrtbutions even rf lh& fund dces not hold 8Lrfficient awls to pay all emtlo￿S the benefits relaung to empbyee sgrvl¢e in the current prior periods. ContrlbutiLYts ￿ defir￿d contr1ttt￿0n Flans a￿ recoJTMseO 8s employao bonefit exFens9 when Ihey are due. If contrlbullon payments 6xce6d th& contrtlxjtlon the for seNi¢e, the excess18 reCt4J￿Sed 8$ 8 lffacobwablo VAT Irrecovorable VAT 1$ thargwj ?gelnst ￿ ￿le￿ry of resourcés expended for￿1th ilv•PS irarrred. Page 17 Gulllng Marw Amenty TNst Notss to ts c￿￿￿Idated Fknandal strten￿ts for Year End￿ 30 AM 2025 The charity Is C4>￿Idered to pa58 th& tests In Par8gr8th 1 Schedul8 6 oftht Fln8n¢6 Act 2010 and thtrefore it meets the definition of a charitable ct¥npany for UK corpDr*ion tsx puYpos8S. AccordIn￿y, Ihe charity ts potendalty exemplfrL¥m ta¥ation in respect oflno)Meor￿1￿trl gains le￿ived In categories cov8red by Chapbr 3 Part 11 of Ihe Ccwation Tax 2010 ￿ Sectlon 256 of th Taxayon of Chargeable Gwns Act 1992. to the extsni Ihat auth irwthe or galns ar• applled eX￿￿1ve￿ to charitable wrposes. Properties induded In fixed assets are tlThe pro￿rtIeS vthich do not gen8rate an Income for ihe TnJs¢ a￿1 are used solely for ￿mIniStration purposes. AFI other properties aTe Inc1￿jed as fixed a88et Both fixed asset propenles and investrnent properties we [n¢1￿led in Ihe accourts 8t ojffent maFket Depred*ion18 not provided on freehold properdes I￿￿jed as fixed as*s 88 residu81 Var￿S are tsgh 8nd lives are 10Tr3 due to regular MaIntena￿ repairs. Dw3abon l¥ provided tsn0rfo￿ flxed assets so as to Mite off thé cost or valuaiSon. les$ any astlmatsd resldu81 value, ovar theirexpgrted useful eeonomic lil¢ as follows.. Prcyety improvements Fendng Equ*pn￿nt and fatm machinery Office and corr¢)uter equiwi•nt Motor vehicles Twors 8nd ￿MLIneS ovw 40 years 10% par annum on 10% to 15% Fer annum on cost IO% to 25% w annum on cc 20% per ar￿n￿ On￿$1 20% per annum oncost Gr￿￿ll Is the dlffwerts belween the falr value of c(y￿derakn p&d for an acquirad entity 8rKI the aggregate of the falr value (rfthat entys IdeNifiabie assets and liabllities. Fixed ass￿ investrneTrts, 0th8r than prtyJramme r6lated invesknents. are ind￿1&d at mart(et valtje at lh& b818rK* She￿ date. Reallsed gains and losses inveSts)￿ts are c81culated as the ¢thfference bet¥*pen salg5 prtteeds and thoir market vdue at the start of the Y￿r. or Ihelr SLt6equent cost. aNJ 8re chwged or (¥edited to Sts1en￿nt ofFinarK4al AcfvliEes in the perf￿1 ofdwos81. Unreallsed gains aFKI lossos represefrt the movemont Sn MarketVal￿ durlng th& yearand ar8 crn*t6d or charged to the St8tementof Financ7al Adivllies based on Ihe mwket valLP at theyear end. 1rNestr￿t Income is Induw in these 8c¢ounts when fecavabfe at ts balance sheet dat8. Costs incurred in the purchase arml disposal of investrnents are axounted for as inv88tfftent rnanagem activlifes. p*18 GUI￿￿ Mar￿r AmthNty T￿￿t Notes to th8 Con8011tsted Flnandal Statemants for ts Year Endod 30 Axll 2025 Stodf Is valued 8t the lov*r of and net re8lisab￿ vafue, after du• rggard for dygolete 8nd slow moving stctk& Net realls8bl8 value 18 baseo on selllng plce less antiripated ￿sts to ¢orW&tion and selling costs. Trade debtors are amounts custo￿ for merchandlse sold or servlw wfomied In tr Trade debtors ara recogni$ed Initial￿ at the transaL%ton prf￿. Try are subsequenly measured at amortised cost ustng the effective interest m91￿, less provÈslon for imwnnent. A provision for the impairment is ￿￿blIShed when Ihere is cd¥o¢tive evidence that the Trust not be able lo coifect 8EI amounts dLP ￿cOrding to the original terms of tha 18cav*)1o& Cash and cash equivalents ¢oryise cash on hand and ¢all deposits. end other $h¢rt4erm hlghly liqiBd invesThts that are readily cs)nvenlble to a known sm¢x¥rt of eash and arg wbierA to an In4niffcant risk of chang9 ID value, Trade ¢xed¢tors aro obligallor* to pay foi gts)d$ or seMe88 that have teen acqured in the orthnary course of business from supF4iors. ACco￿ts paYa￿e are d8ssified as cuffert liatillues If ttity do rKJl have an uncondltlonal rtghL at the end of tthg reporttng ￿riod, lo defer Settlement of the u•Yilcf for at least Iwelve monihs after th8 reponing d8te. If there is 8n uno)nditional Fight to dofor setd8menl lor8t le8St tPA*lve m¢th5 after ropxtiThJ dats. IW are wesenied as n¢m4wrent Ilab'ltie5. Tr&Jè creditors are reCUJnis￿ initi*ly atts trans8Ctlon price aTrJ 8ubsewgnty measured el amortisèd cost usiThJ the efféctive interest m8ttrDJ. Unrèstricied Éncome f￿d$ a￿ gen8rd fvrth that are available for use at the trustees. olsc*eiion in fUrthWar￿ of Ihg obie¢lives of the ch8rfty. Page 19 GulllTrJ MaTr)r Amenity Tntst Notes to FIMTKlal 8tstements for the Y*r Endaj 30 WII 2025 Guiting Mar￿￿ Fam)s Limited is a owned ￿bSIdlary ccffip8w incorporatsd kn the UK *ith an issued Capi￿ of£650. Th& principal acltvlty of the ¢omp8ny Is farmityJ. Audited aco)unts have been filed wilh th8 R8g1s￿r of cOmp￿IeS 8nd tsve been cortsol1d￿ed with those of Guiting MaEN)rAmenity Trust in the group Coints presented here. The trading actiwlies of trus sub*di8ry 8re summarlsed below.. 2025 Tumover Cost ofsale8 1.219,612 565 853 653.759 1,Z25,102 112015 (459,328} 24.714 1.466.853 Al*FU￿SIratsYe expertses Olhgr opgrafjng income 1,104,511 1,051.963 Other interest rernivable and shnilar Income Interest payable and stmilar charges 186,170 12,275 Tax on profit on ordinary actrvities Reldn•J wofitftythe > 409 465 206 175 Group 2024 Donatio Grants, Inc4￿1Th3 capltal grants GO¥ew￿nt grants 68,800 68,800 Pag9 20 GuftlrKJ Manor Amenlty Trust Noies to ConsolKtst8d FinaThSal Sialen￿ for th8 Year ErKl&l 30 Apll W25 4 Rortal Ineo TnAt Commercyal 81,436 81.436 121.129 885,739 81425 63.425 121,128 820,708 6.487 Re￿dentIal Garages Sundry 885,739 6,348 820,708 6.487 1,095 896 891788 1012916 Net inLy)ming iesour(xs ofthe gro￿1 before gains 8nd10sges is ststed after thargTr)ty((¥edh5ng): 2024 $05,624 333.628 157.968 8,783 491,293 308.754 (66,854) 123QO 1,600 139,755 4,903 1625) 4.850 1.600 Oepredation oftanglble assets (Profit)Aos8 on Ifisposal of tsngible assets Autht fees Audiiors remuneratlon for nOn•￿￿rtV￿lk 11.400 Pagg 21 GultlryJ Manor An￿rty Trust Noies to th8 Consc4ldat￿1 FlnarKI81 Ststements forthe Year En￿ 30 April 2025 2￿25 Vvages and sa18ri9S Employers NIC Stsff pgn&ons Ufe assurance St8ff ITaining hIt￿tural fees Motor and travel Notional mt lor slaff proF4rties Rates Llghl. heat 8nd po**r Ropairs ano malnten8n¢e 114,217 6,978 5,025 230 1,071 8.209 7,183 18,000 1,513 5.089 33.780 462,997 54,191 3,385 5,194 1.001 114.217 6.978 5.025 230 1,071 8,209 7.183 18,IXIO 1,513 5,089 33.780 462.997 54,191 3,385 5,194 1,001 95,198 7.052 4,600 95.198 7.052 4,600 796 8,455 3,892 3,923 18.000 4,962 8,252 22.118 356,403 64,794 3.412 4455 3.892 3,923 18,000 4,962 8.252 22,118 356,403 64.794 3,412 1,396 1,032 Irrecover8ble VAT Dq>redaiion ol plani and machlnery Depreryation of moior vehicks Telephono and fax 1,032 728,063 728,063 604285 604.285 Wages and salatfj8S Emtloyws NIC Staff pensions Lifg asslxance 28,481 1,556 1,419 62 1.623 3.122 28,481 1,556 1.419 62 1,623 3,122 46 29,024 1,$72 1,452 61 2.258 3.9 29.024 1.s72 1.452 61 2,258 3,990 Light, he81 and POV• clear￿n9 Ellll 221 24,312 8,608 96 958 270 28,786 3,599 221 24.312 8.608 Insurart6 Irr8¢over8bb VAT Depreciaiion of fixbJes and fittings Telephone Webs¢t6 Le￿1 and wofessional fees Provislon fcf bpAJ debls 28,065 7.936 204 995 28,065 7,936 958 270 28.786 3.599 30,612 30,612 8.538 112.843 112,843 105,207 105,207 Toial o)sts of charitable actlvlties Page 22 Guit1￿ Manor Amenlty Tntst Notes to the Consolldated Flnanclal Statements for the Y8ar Entsj 30 WI 2025 Net Irwmlng resources ol the group before galns and Ic6ses Is ststÈd after charg#1￿{credi￿). lknip Gr(xp Invostmont management fo0S 16,756 16,756 14,295 14,295 2025 Audit ofthe financlai Statements Other fe8s 10 8uth.tors Legal and professlonal fees Trustees indomnity insuraneè Bookke8¢4ng Rates Bank chgruos 11,400 1.61K) 3,900 12300 1,600 547 2,394 2,099 1.600 517 2,394 2,099 2,504 1183 429 78 196 47 429 78 114> 4(M) 70 {14) Trod8 subsuiptions Deprecialion on furri￿ 47 70 18.437 10,937 19,802 12.352 Tr￿1 Grants payable Goods puthased for recharge Donations to Guiting Martr)r Numry SchcKrf Limlt&J DOnatiOr￿ to G￿lIng Power Pl8ygroLP (Profit)Aos6 on rflswsal tangibl8 flxtd ass8ts for chadiy's own u$8 Charitable donations Sundry exwses Other Interast paya￿¢ 14.255 14,25S 12.755 12,755 166.854) 13,212 5224 {625) 13.212 5,224 16,104 5,272 98 35,729 16,104 5,272 98 35.729 {35,e63) 30,566 Paga 23 GuftlrKJ Manor Am• Trust NO￿ to thB cOn￿lId￿ed Flnandal Ststements for th8 Year End￿1 30 4wll 2025 108tsff The average number of pwsons employ&J by the group (iThJudlng dlr&tors) durlrtrj the yw, 8nalysed by category was as forrows: 2025 bsKliary Ftrcpety maintenan Propeny admintsvation Capitsllsed 10 10 15 14 The ￿￿￿011 costs ofthese per6¢X￿ vme as foll0v￿. 2025 Tr•* costs ofwbskkny W>3es and salaries Swal security (￿sts Other pe￿iOn costs (aro 29),949 26.874 29.833 347,656 290.845 28,763 3Z130 351.538 Wages and salafie5 Soual secunty costs Ottw pension C￿*$ 114.217 7.208 114,217 7,208 95,198 7,848 95.198 7.848 126.450 126.450 107,646 107.646 Wages and sa*8ries Swal $￿urity Costs 0th8r Per￿On costs 28,481 1,618 1.419 31.518 28,481 1,618 29.024 1,633 29,024 1.633 31,518 32,109 32,109 Waggs and sakrles &Kial s￿jrIty msts Otr￿r costs Conwibutions to the employee perrion schemes for the year totalled £36,27712024- £38,182). Oiher CA)Sts indudes coundl lax. waterand stsff life assjtsnts. No employee receivgd emolumgrts of mL¥g It￿n £60,000 du￿n9 the year Page 24 Guftlw Manor Amenlty Tn19t Notes kn thg ConwfKtsted FInarK￿al Statements for the Year End￿ 30 Aprfl 2025 No trustees, any persons ¢onwpd vthh them, have recdv•d any remLmeraticn fr￿ ch8rhy durlng the year. 12 T•atton The charity is 8 i8gstér￿ eharity and Is therèfoTe exempt from tsxation. Subject to capital adequacy th8 intention is thai any taxable profil artsng In Ihg trnding (x)mpany w511 bé c0ven￿ted tc¥ th8 Tw* 13 Intsnlbl8llx¢d a89ets At 1 May 2024 and 30 P4Kil 2025 (122.3961 At 1 May 2024 and 30 Apnl 21Y25 (122,396) At 30 Awil 2025 At 30 Aprfl 2024 The nagallve gooJ4YEll arose on the purthase of th& subsdkary, l)JitEng Manor Farm$ Limited. The negative goothMII wa$ written off to the statemont of financial acliviJes over Ihe period in *knich itwes utllised. In the op1r￿on of the I￿￿ee$. negative goo(hMIi was ulilised ov8r four yea Page 25 00 21. Zuw¥ zZ% Gulth¥J Manor Amenty Trust Not05 to the con9)ll￿ Flnandal StateM￿ts for the Year Endèa 30 ￿)1 2025 La￿a At 1 May 2024 Rev81uaiaons 1,733,826 AdditioThs 13,357) Clsposals 216,998 Transferred (to)Ilmm fixed assets (227.110) Movement In cash held on investr)wnl 180 637 At 30 AprH 2tr25 59 85.000 47.297.351 49,116.236 282.767 279,410 139,606 356.604 1227.1101 59 85,oIXI 47 719 724 49.705,777 At 30 AprTI 2025 At 30 Awil 2Q24 1900 994 1.733.&26 59 85 ODO 47 719 724 49,705 777 59 85000 47.297,351 49116236 Trwt 49,705,777 Investment￿d by subskAary cx>mpary Inv8stmert in subsidiary comp Propty improveM￿ts by subgdiary Lpmpany Investment prop•- Guiting Manor Farms LAd 159) 43,048 101,470 14,000,000 63,850 236 Llsied Investments are at their mid-m8rket value atihe balance sheei L*te. No inth'vidual 5nvestrnenL8 comprise over 5% ofihe valuo of lh8 Portfoljo. The Ilbrary was profésslonally vdued by Tayler Fletdw, Chartered SuNeyors, in April 2017 and tr*s valu8 has been Indu¢knJ in ts w4Jnts. InveSth￿t properths Ihat are no longer used 10 pner8te an irtcon7e bul are now used by th& Trust fc* elther propety M8int9nan￿, staff acC￿￿M(￿latiOn or 8dminisbBlion purtx)ses have tr￿￿ferr8d ￿ fixed assets,. no s(K* propety VRS trardwred this yBar. Similaty, prop¢rtigs ltst aro longer r¢qulred for admini*atfve purpos6s tsjl wheo Inc>)m ￿n b& genthed are tsnsferred in the othor direc*on', no such pro￿rtieS were transfened Ihls Page 28 Guftlng MarhyAmer* Tfust Notes to Ihe Con&)11(kted Fknandal Statsmgrt8 forthe Ygar Endal 30 Ayll 2025 Details of ihe inveslments in wt4ch the charlty h￿9 20% or more ot the nominal valu8 ofany class of share capllal are as follows.. Proprrflkn ofvollTrJ Guiting Marw Fam LinNtsd Guiting Manor Fam$ Llmlted England and Wales Ordlnwy £1 100% 100% that 0ftsM￿￿j Ewand and OrdiThary'A' 100% that of farming SLthldarl•s The shares in GEllting Manor FamB arè ¥ts1gd at cost. A5 the cc¥rpany is a private one there Is markel for the shares. In lh8 cginion of the Trustees the value r8llected In thè acLwts is the maximum that COLdd be realised on Ihelr dlsFosal. 16 IrNontOrnB 2025 Invenlorfes 616.667 2,661 717,619 3.180 17 Dlbt QroL4V Trad& debtors Due from group undertakir Othw debtors Other taxes Prepayments 128,290 332.753 132,841 862 43.044 15.690 862 41¢)44 11049 8.325 30.657 12,049 8.325 30,657 305.037 59.596 395.316 62.563 Page 29 GuitiThJ Manor Amenlty Trust Notes to the Consolld8ted Flnancid Stat8n%ts for the Year Endgj 30 2025 Group Obllgauons under hire purd)a50 contreci Trade creditors Corp(Yation tax Due to mjp underlthir#Js creditors SLMial security 8Th1 other tax8$ 319.675 144,928 86,620 262,857 63,788 94,662 1,848 6.999 26,022 13,440 512,912 511 105.380 38,423 3.557 12,392 3,345 15,072 17.604 130,683 Ronts paid In advanc¢ deferred incorrn 93,177 511,395 2024 Gro Group Obilgations uThJer hlre purthase (￿tract 87,0 Tr￿t At 1 May 2024 Doferred w FwNlsion charged to the woflt and loss accwnt 278,285 51,059 At 30 April 2025 Page 30 Manor Tntst Not8S to tha C(￿S011datsl FIr￿d81 Statements fDr Ihe Year Endgj 30 ￿1 2025 21 Tdal fixMIs At 1 May 2024 30 2025 At l May %)24 67,444,880 64,954,703 Nei in(knilng rescMJrces beth gaIr￿￿osses) R￿lISed gainslllosses) lyt sale of quoted Irwestr Rev8lu8tth of fixed essets Revaluation of investments held as f￿ed assots 5,679 279,410 415,144 279,410 At 30 Aprfl 2025 67.729,969 65.649.257 The unrestricled lund3 are represwK¢d by Ihe total assets of Ihe Trust 2024 Tangible fixed assets Faxed as￿1 Investments Cwrent assets Cwrent li8bHities Credit(Ks falling due outsld& one yaar Provisions for ￿ebilItt8S 16,864,772 49,705,777 2,088,676 {512.912> 187.000) {329,344) 16,666.171 49,116236 2,451153 1511,395) {278,285) T¢)tal net 8888ts 67,729,969 67,444,880 The totsl amount conlracted ft* but not Fwovided in the firondal st8tsments w8s £. 12024- £125.662). Pago 31 Gulttng M8ntxAmenlty Tn Nolas to ts Con8011dated Flnand81 Statair￿￿ for tho Y8ar Ended 30 April 2025 The Trustees havé joint (#)ntrol of the TrusL During the year chatity mad& following related paty tr￿C00n$. MM￿Fe￿8 Um5tod IThe Trust is related to GU￿ThJ Manor Fann$ Limited and the estat• ol Mr E R Co(tsanel Durlng lh6 year. the Trust re￿IVed £152,55Y (2024- £151,432) thugh renlal inctsn8 and rectsrges, aThJ £1W,000 (2024- £NILI gift aid (kjnation frryn Gulting MarKJr Fanms Limited. At ts balance sheet d8te. thè amount due to Guiting Manor Farms Umit&J wa8 £ML {2￿24- £156). S3 Lknfifjd (One Of1￿ Trustees 1$ a threctrK of S3 Deslan Limited.) £14.611 (2024- £8,291) was paid duriNJ th8 ￿ar archIte￿Iral fees for wopertie& Ai th6 balance shw date. th8 am¢xJni due ionrom S3 Design LimI￿d was £NIL12024- £NILI. I fees wgre negotiated at ami's Wlh. Balances owlThJ to ralated parties 81 the ond of the yw are indwjed in thè trad8 ￿dItorS figwe. (On8 ollhe Twstees Is 8 p•rbwr at Lothders Solkltcrfs LLP) £3,463 {2024- £11.0271 was paid during the year for legal fees. At the balance sheel date, the am(yJnt duè tcthm Loaders Solidtors LLP £NIL (2024- £NILI. Balances OWTng to related Wdrties * the eThJ ofthe yw are irduded in the trade credtiors figur8. Page 32