Charfty Registratlon No. 1197950 BH TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL sfATEMEri FOR THE YEAR ENDED 5 APRIL 2025 BUSINESS ADVISORS 6th Floor Kings House 9-10 Haymarket London United Kin8dom SWIY 48P BH TRU CONTENTS Page Company information Trustees, report Independent examiner's report Statement of financial activities Statement of financial posi￿on Notes to the financial ststements 7-12 BH TRUSr LEGAL AND ADMINI￿RATIVE INFORMATION Trustees J Lin8wood J Hamlyn J Goodman Charity number 1197950 Reglsternd ollke Landseer StLtdlos IOA Cunningham Place London NW8 8JT Independent examlner Robert Keen TCGroup 6th Floor King'5 House 9-10 Haymarket London SWIY 4BP Investmént Advisors Rathbones Investment Management Llmlted Port of Liverpool Building Pier Head Livefpool L3 INW BH TRusr TRUSTEES, REPORT FOR THE YEAR ENDED S APRIL 2025 The trustees p￿ent their report together with the financial statements for The BH Trust for the year ended 5 April 202S. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the chaflty's trust deed, the Charities Act 2011 and kcounting and Reporting by Charities: Ststement of Recommended Practbce applicable to char5ties preparlng their h"n3ncial ststements in èccordante with the Financial Reporting Standard 3pplicablÈ in the UK and Republic of Ireland IFRS1021' leffeth.ve l January 20191. Structurei go¥emance and management The Trvst is governed by a Trust deed and wa5 registered as a charity by the Chartty Commission for England and Wales on 17 February 2022, CIO number 119750. The Trust was estsblished by an initial gift from Jane Hamlyn in 2022. Jane Hamlyn 15 the first member of the charyty and Serves a5 Chairperson of the Board of Trustees. There are two additional trustees. Jonathan Goodman and James Lingwood. Rlsk manat*ment The Trustees have assessed the risks to which the charity is exposed. in particular those relatin8 to its finances and the operations of the organisations to which it makes grants. The Trustee5 believe that by ensuring contfols exist over its investments and through operating a prudent level of 8rant-makin& there are no signifi.cant risks. Objecti￿$ and aCtivhle5 The objective of the Trust are to further such charltable purposes and to benefit such tharitsble activities as the trustees think h"t. Grant-maklng Pollcy At the annual trtjstees, meetln& the trustees agree on the amount the Trust will 8rant to organisaions over the coming year, and the organisatfons who will ￿ceIve these grants. The administration of grants 15 0￿rseen bv Jame5 Lingwood on behalf of the Twstees. Grants are made to or8anisations nomlnated by the trustees. The Trust is not open to unsolicited applicaknons. In the year ended April 5 2025, the Trust made Èrants to the following organisations,. Petals Charity, The Restsrt Project. The Trussell Trust, The Drawing Room and The Courtauld Instttute. In reviewing our ath"vitt"es for the year and our plans for the future, we have had regard to the tharlty Commi55ion's general guidance on public benefit. nanclal revlew The Trust is reliant on the Fncome from its investments managed by Rathbones. The totsl income in the year ending S April 2025 w35 £52.41012024- £41,947>. The balance sheet shows total funds of £1,549,94512024- £1.582,7061. Investment pollcy The Trust's investment strategy is to continue with the investmènt5 giftpd by Jane Hamlyn. The obpctrve 15 to maximise totsl return by investin@ in 3 medium to low risk portfolio. There are no restrictions on the charity's power to invest. TRU5TEES' REPORT {CONIINUEDI FOR ThE Y£4RENDED5APR112025 ReseF¥• poIi¢y All fund5 hehl bythe charity are unre5tr1rted. and not deslgned lOrSpe￿ purptssès. The charhy make3 donalions to a range of chariites on an annual basls and the trustees have Indioted to some of these charlties Its irtention tts make dona¥on at a slmmar level for the next twoyear5. The tr￿e$, pollcy ts to maAa8e finandal rwurce5 In 5uth a wty as to prrNlde for the ¢ommltm•)ts made, and to malnlaln free re5er¥es 5uffident to enable fvrther COM￿￿tMent to be made in Ilne with their l of 8ivin& Pl•ns fortho lutur• The plans foi 2025126 are-. To Con￿nUe to support arts d￿r￿leS Inthe UK To ¢ontlnueto support tharmès Inthe UK that allevlate poverty The tru5tee5 in offi¢e dUrI￿1heyeaf were a5 follty•ts'. J ￿ngwoOd J Hamtyn J Goodman TheTrustees' report was appro*d by the Board ofTrustees. Tfustee Dated.. 27 January 2026 BH TRU INDEPENDEP4T EXAMINER'S REPORT TO THE TRusfEES OF BH TRUSY I report to the trustee5 on my examination of the linanclal st)tement5 of BH Trust Ithe charity) for the year ended 5 April 202S. Responsibilitie5 and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in a¢cordance with the requirements of the Charitie5 Act 2011 Ithe 2011 Act). I report in respect of my examination of the charitvs financial statements carried out under 5e(tion 145 of the 2011 Art. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Art. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connecb(M With the examination giving me cause to believe that in any material respect.. accounting records were not kept In respect of the charity as required by 5ethon 130 of the 2011 Act: or the financial statements do not accord with those records- or the financial statements do not comply with the applicable requirements concernin8 the fom and content of ccount5 Set out in the Charities IAccounts and Reportsl Regulations 2008 other than any requirementthat the accounts give a true and fair view which is not a matter considered as Part of an independenl examination. I have no concerns and have come across no other matter5 in connection with the examination to whrh attention should be drawn in this report in order to enable a proper understsnding of the financial ststements to bè reached. Robert Kèen FCCA 6th Floor King's House 9-10 Haymarket London SWIY 4BP Dated.. 3 February 2026 BH TRUSr STATEMENT OF FINANCLAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUI FOR THE YEAR EAIDED SAPRIL 2025 Unre#rfcted funds 2025 Total 2024 Notes I￿oMe and endoTAm•nts from: Donations 2,833 49,427 150 7,700 34,247 Investments Other income Total Income 52,410 41.947 E¥ endlture on.. Charitsble activitie5 45,105 45,703 Totsl charltable expenditure 45,105 45.703 Net 8ain5 on investments io 140,0661 78,638 Net lexpenditurellincome forthé yearl Net loutgoin¥llincomlng resources 132,7611 74,882 Fund balantes at 6 April 2024 1,582,706 1,507,824 Fund balances at S Aprll 202S 1,549,945 1,582,706 The statement of financial activities includes all Bain5 and10sses recognised in the year. All income and expenditure derive from continuing acknvities. BHTh￿T STATEMENTOF FINANCIAL POSITION ASAT5APRIL2025 2025 Investments li 1,543,833 1.559,058 Debtors Cash at bank and in hand 12 1,758 7,954 9.712 43,048 Cr4dltorn' arnountsf4Mk¥ dwe wlthlTr 4>n•y￿r 119,4rJ)I Net ojrrent assets 6.112 Tot¥1 •5sets le￿ ¢wrr•tt l￿bIll￿¢S 1,549.945 1582.7 Imomefunds Unrestricted funds-#enèr41 l.S49.94S L582,706 1.549345 1,582,706 The financkl statements were approved bytheTru5tees on 27 January 2026 BH TRusr NOTESTO THE FINANCIAL STATEMEFirs FOR THE YEAR EfiDED SAPRIL 2025 Ac