REGISTERED CHARITY NUMBER: 1199692 IIEpoirf OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR TTrE YEAR ENDED 31 AUGUST 2025 FOR ST IAARYLE80NE EDUCATIONAL FOUNDATION blthFtler Linit ststutw Audrtc Larth House Hampshire P07 6XP ST MARYLEBCWE EtXlCATIONAL FOUNDAnoN copirEKfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 1 to 9 10 to 12 Statement of Fln•nclalAetivllos 13 Balance Sheat 14 15 to 25 ST MARYLEBONE EDLUTK)NAL FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025 31 August 2025. The trustees have adopbj the provisAyB of Ac4XAinlirKJ Reporbng by Charitss: State￿￿nt of R￿lmended Prxtic* 8FWK3ble to cli￿ Prepariro tr￿f *t￿nts in w)rdance with the Financk41 Rep￿Ing staKIa￿ wi the UK Rewbk cl IrelarKI (FRS 11r21 leffe¢*ve 1 January 20191. OWECTIVES AND ACTNMES ObJedlve8 and alms Since 1977 when the ￿ was rv*rItt￿ main of FoundaiKJn have trthn as fclknvs, th8 amendments in 2018 have m(xlgmised th8 7Arrdir*J. This has during the conver5M to cio. In mthng paYft￿ts for the benefft of The St Church of EThJlar¥J Sctrthl Schcd for so W as it o)ntmues to hth a relwJK)us ¢MKJnath)n as a Churth of EnglarKI sclKd. (Note". the rnL￿t be a Ihrythin the meaning of the Education Acts and may t*e the fom bè cl mu￿.-aCaJ￿MY Tmst or group of xhwLs). rewdgnt in the Cty of ￿￿Stm￿L￿r ry are attendiThJ. &e at*Xrt to attend cff haNE for not s than years attendwj any sdKxI in the sakj Cty (rf ￿￿Strnin8ter quaI[f￿A as aforwKi who are resNJent in th8 area ot ts fC￿*r Metropolrtan Bwgh of St Maryletone or are attending, are at#)ul to attend or haMB not less than two )nseoJtive Yea￿ attendgj any schcd in that avea. in Or￿ or more of the ftAlcyMng alh)wances or grants tenable at any uniwsity. col* of educatK)n or other insbttrtion of further (incl￿ding rKcrfessKThl and technrall educ*on approved the wr￿￿)Se ty the Trustees.. In providry fNnaal assistsnc*. thrtfits. cknthw. tcth)Is. irtstruments, or to a$S￿t such perst￿S to pursu8 tsir (indudwg the sludy of music and the other artsl. to und8rtake tra￿ in ffiJrther￿ theTW)f. and lo prepare In prowding f￿￿11be$ r￿1 nO￿￿ty ￿lded ty th8 k(81 ed￿lI)n authorty or from central govemmènt funds {l￿￿jing frun the Depatmnt for Ed￿at*￿> for recreakn aTrJ s￿la1 ar¥J tr8iniThJ for suth pewns are INthin the ￿'m￿ts prexriW by thk8 Sc**me. the Trustees shall have full p(ywer tr> make rules for th8 award of sc4K>lathys. bJTsar￿. rnainlenance alkhvances or oth beneffts, Inc1￿11n9 rutes as lo the value and of knure crf wward4 arKI the If and in so far as inc£me of the Charty in any year is not fequrred for apPI￿a￿on in manner af￿￿1 the Trustees may ath the same in mth"ThJ PaYn￿ts to the Managers, Govemor5 or trustees for ts tKne being d any other yKhcd in The City of ineonsBtent wilh the te&hirrfJs ofthe Churth of England. Publlc bon•fft Tho Trustees haNE real Guhjance cffl publ￿ Benefft issued by the Charity C(mMisS￿ aThl fu￿1 their Obliga￿n$ with due a)n$￿￿al￿ to thal GUAYa￿e. with part￿* referwKe to the tse1￿ of tharxxnent of education. Page 1 ST MARYLEBONE ELXIQ4TIONAL FOUNDATION FOR TrE YEAR ENDED 31 AUGLIST 2026 OBJEcfivES AND ACTIVITIES 8en•fft Policy The Foundation's poliy is to ensure a c£*)linu8n(x cl finwKyal a86istsn(x k> tlwe indNiduals and The fOurKle￿ of the tharity orignalty interKJ&J Ihat thik*en res¥Jw￿ in the ParBh of St Marylebon8 sknuld benefft educationally from their financAal asSistsn￿. the Scheffe was rtrwritten in 1977 the getsJraphul area was widened to ene(xnpass that of ts Cty d ￿￿SIM1r￿r aThJ e&gbility for educational assstancÈ is reliant LP)n a tangtle c￿nec1*￿ to IAkninster. The income to the chanty. restrKled to ￿ rental irhxme frc4n the Rwal cl MUS￿ arKI income from investrments is conspjered by the Trust*s to be trx> snall to a whdening of the gwgraphical area covered. By reStr￿"fig the elKJitylty. the furKls Ixth to M1th4ithth and organi5ath)ns can be great The indivhJuaL8 assi*•J b8nefit in varNyJs vrays: Contr'nuafft of&Jucaltr)n * a eurrent sclKY)I ￿ Mu* coll￿ F￿1rtab.n9 boarding for those with a dilknjll sAtuatp Enhancing a thikys srtuat*)n to awkJ edLKatior￿l arwJ ￿no￿nal ha￿shiP Purchase of educatkThl equi￿￿t to enabk them to s Funding 0feduCatK￿ lrips to enale fvll access to the oJrrKulum Funding d music lessons to enable a(£ess to extrwJrrKularstud The St ma￿ebOne CE sth￿l Tr) knger requests a rKKninal sum for maintenarte on an annual basis. The school instead inctth rnants￿ ¢x* kn req￿Sta￿ fuTrJty fftjn the FoundatA￿ for larger prcyects The T￿￿ ￿re&j during 2023 lo fund the Deaww af the City of V4Wninster ￿ to £1,OCQ per Church of England primary to as&st wth maintenance a￿1 (aytsl InpTh￿1 d those sc*Kds. At their June meetirrfJ in 2024 the Trustee5 agreed to exterKI the fiJndirvJ to the other Church of Ero18nd secondary 8chooL8 in the Cty of IAWninster. There are. afkn a merger (kjring the 2024-25 *ademic year now eighteen ￿￿ible prI￿ry ythools trAx) elyi4e secy)ndary sclKds. thereth th8 Thwimum annual grant 15 £20,Crf)O. By continuing to prO￿ts this financial a$S￿￿nCe fc* ly)th Thg St marylet￿ Sch￿1 and the otsr Church of England sthc*ils withwi the Cty of ma)y P4)ts we enabl8J kn atteryj propety maintained schoo￿. essential unrfomi or ffjuiwr*nt to 8#J their gJucalh)n. F￿ exampkn. ￿ annual grant to the St Vincenys Family Prw a Cty crf Weskninster based L*wity Wm'ng IAknirtster f￿llIes. 9)es tcwards the SLhool unlfom) costs a famity faces every year. REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 OWECTIVES AND ACTMTIES Gr•ntmaking The Foundation's pjlry is to wx4ssfvl th8dwge of the CWNes set ￿Jt abo￿ thus ensuring Hawng en$u￿d that the prwmry ObJe(kn￿ are the rem8ini¥J wailth are suLyect to the Trustees, grant awarding s• whth i8 bawj up)n aSS￿lI1￿j as maTry irKINKluaL8 as Fossiblg betrween the ages of ght and whteen in varying dis•knnW gluali0￿ to &hieNE a suitable educaiion for their needs as is Omff￿nSUr￿ with the irKoff* avaiL*)le, wrth parthwlar emphasts on enabling Ihe continuation of an education already embarked ur*)n. A$Ststan￿ is wovthd to with partb￿lar &Jucabonal needs, rarvJing frcth those for whom the ￿1 health of parents nwns thal t(4qrdiTrJ is a weferred opir)n to tlThe who Assistance is prowd&J both to indNKlu* to thg wJucalM)na e$￿IShment they attend. For example. speufic ftjnding towards Ir￿￿￿tual5 the costs (rf ￿59)n$. schc4Jl tnps whKh furttw underslanding of currM)Jlwn $U￿.eCts, and ￿ twrs. This enables those stsNJents to take part 7htho V•Duld othe1y￿se be disadv*ged due to fmarvial c1x￿Trts. The Clerk requires reguL¥ rermyts from the schcots to ensure that the rrfc#3ress of pupiL8 in re￿￿t of school The numbers of stsjdents at eath of thè CdknJe$ 7**x) are grants is lirnrt&J to six dependent upjn the digit41ty of the sl¥Jdents to wedetermin*J cgitww. The two music colleges are s8Wed beeause the main inconp for ts Fountlalh)n ￿e1ved frcyn the Royal kademy of Music. The Music Colkges hove a F*)t of fundng to dr¥4V frrm. the nurter af studwts te fwNer than 12 overall the pot is divided MwnirwJ sludenls. sknlents are inknithbed the summer temi aThJ, after enrolling on their cfjurse in the Auttjrn Tem the fun(*ng ￿ fr¥waff￿ to the Musi Col* on r￿e￿t of an invoice. Ih7t*)ns fn)m tsrbary sbjdents. other trHn the kntted number ir)ter¥ithbtd annualty at ￿ tsvo music colleges sited in l￿trn￿s￿f. V4Wg tsclined due to the limrted fund5 knThvn to t* al the dwosal of the Trustees. The Trustees agreed that other SdKtAs sh￿Id be WNiknJ lo ternler for fiJndff@. a bu(hJet of £50.¢)Xl was set ayAde per annum, a ncminal figure crf £10.(W dktated to each sc*th that wuests fundirMJ. This fvnding may onty be in scrfrE Yea￿ after the winary c4.ths are Teg)UTces remain avaiL9b￿. Each sthoofs fuThJng is CC￿1￿ in(k¥KIW. *ing in to &(x)unt the nunts of Ch￿dren P*J8 3 ST MARYLEBONE EtWTIONAL FOUNDATION THE YEAR ENDED 31 AUGLLST 2025 ACHIEVEMEpifs AND PERFORMANCE Charitable adlvtti88 t￿ring the year 64 Ir￿1V#￿Ual awicants ￿*￿1&1 grants twrd5 x*th fees. 18sson$. muxal instruments. and extr8-currKALAr ed[￿alWjn￿ &iwit*s totslling £72,219 (202>2024 £43,532). 58 of these individuals were en*￿d to a¢>xs this fvnth'r¥J therefc*e the benefft via the institutwjn they attend. There V•*re three new benefvorw. The nurrthr ot frcrfn indNNJuals frx schcd fees has been dedining for years. The Trvstees sU￿lSe that the ￿htenIng of the e￿Ibilty criteria agre&J at the Board meeting crf Febnjary 11, 2021. the number of parents *4e to afford scyne of the fees towards meet Ihe el*Jit41ty uiteria. In prevKWS years the 14%tsstrnwthr St Marga￿$ Deaw Syncd ha￿ requested ffiJTrJing for maintenance for Is in their ￿re, bul no vRre in 2024-25 12022-2023 £8,C((J). The Trustees agreed during 2023 to fund the C*aneries of the Cty of V4kninster £1,0￿ per Church of E￿￿nd primary schwl to assist wrth maintenarKe of those sdKYJls. There are ewjhteen elKJible sdK*)L8. therefore the maximum annual grnnl is for £18,000. The Trustees awd wi Jun8 2024 to extend the fvrKling to the Iwo other Church of EnglarKI secorKlary sC￿￿S in the Cty of IA*sthiin&er, takin9 the overall W to £20.C(Q. Dur 2024.2025 ofthe £21.Cth bLh$3eted for £3,CKK] has W￿$ted arKI ￿rded. The Royal A£algmy of klu* and the Roya Cclbege of MUS￿ haj teen alk¢at&J their grants for the 2024-25 £ademr Year during 202>2024. Elew Music Swdents for the 2025-26 ￿adeM￿ year kn been Inter￿￿￿ed and tr£ir grant fundry pahj afterOct(thr 21r25 the sknAlenls taken up th*r place. The Ftyjndation makes funds available annualty for MUS￿ Grwts. the rnnt ag￿ed for 2024-25 18 £25,8LN) {2024 £25.750). These grants enabled the sttkjents to enrol on and cry*te their L*osen courses. The St Maryletone CE SL*Kd requested fundirYJ during 202￿25 in th& sum of £105,713.$2. The funding was I￿vardS the Purchase of 93 t*sthp C￿n￿rterS for the IT ￿tte. a Contritth to 17 IntewtNe Touch Screens , refufbtshment of a T¢ilat BkKk arvJ ￿ serv￿5 of a Quantity Surveyor. The grant has been paid in full during the ffinancial yw. The St Mary￿t￿ CE sd￿ also rg]uesbd funth'rKJ for indmdual students unable lo afford to atte￿j H￿tsY & Humanrfies Irps schcxA tr¥* and music lesso￿. The total avrarded was £19,770 and 38 indNidua& The St Maryleb￿@ CE Brk*3e s(*￿￿ was wardeA fundAng in June 2025 for 20 indNiduals attending the school, ts provtsN)n of At the Bus. in the sum of £30,Cth. The full grant is xctsjnted for in these aecounts, first paynwl of £25,701 was m* in ju￿ the remainder ￿ the 202&26 financaal year. In addrtion to the At the Bus fvndirrfJ, a fijrther £25,701 was a￿ttled ttr￿d$ Turt￿. CXLupatiwl Therapkst Regjurces and a RetractsUe S8atiry Puwer Mcrfw. St Vincenf¥ Famity Proje(* was &Vard￿j £5.21XI in Sept*ts 2￿24 (202>24 £5.(XKI). The fundmg assssted 39 Cty of IAÈstrninster fwnili8S to purchase schod uniform ￿ their 70 chihjren at a M￿MuM of £75 per child. 5 PrThary Sc*h)ols have teen ￿ttled grants this finantsal year. St Peterfs CE Primary Sthcol. Chippenham their Garden Area and Halw Prirrory Sdth vfts awardgj £7.(KK) to•rdrds their Prowsw. Christ Church Bentin(* CE Primay Schcol recewj £2.280 towarts the Chess Club and finally, Burdett£outts and Townshend Foundation CE Primary Scthcol reCeN￿ £10.LI]O th￿"r IT infrastrnthre and WFI. ST IAARYLEBONE EDUCATIONAL FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 FINANCIAL REVIEW Flnancial Revivw and Invostrnwrt Pollcy the St MaryletM)ne Sthool for Ckphan Girts chartty vrds due to ts fouTrJing of The St mary￿ne CE Schod. the St M*ylgt(fft Ed￿at￿ThI Foundaknn vras furr￿ by the Trustees w￿hIng to c￿ntInUe supForb'ng the educatk)n of urh*r 25 ye￿5 in the Parish of St Marykt*)ne. The PemBnent Endcwment was transferr&J from the St maryleLV￿ SdKM)I fc* Orphan Gwls to the St Marylebone EducalK)nal Foundat*)n al its wistrabon in 1934 to enat4e furthng cl &Jucat*)nal grnnts. grants to benefi(yarie& During the year incfft totallwj £311,C60 {2024." £317.n6}. The in(xyre d the FfAmdakn ctsnes mainty from rent paKI by th8 Royd of Mux fcv fcrfms a yjbslantial part of the site of the Royal Acadwry of MUSK," . The kase to the Acajemy of mu￿ is fty a temi of 99 years from 24 June 1974 and wovKJes for seven yearty onty rent revie￿. Tr revv* in June 2016. provhtsy an inc¥&qse of £111.C(rtl to £251.&￿ per annum. A further revivw due to Royal Alkny of MUS￿ a￿ering Ihe buildiry ¢)n the vras finalised dufrlg 2019-20 with an wKrease of £12,5CQ to £263,51YJ Fer annum. The rent revwi of June 2023 was finali%d in Novembw 2024 with the rent ￿jreed al £291.CKK) per annum, an increase of £27.5Ch) per annum.. Th& next revpw will be in June 2030. The Fc¥Jndatk)n u8es the SeTh￿s of BNP Paribas who w¢)rked in ccffljun&N)n with the Crtrwn Estates. AldilA)nal i￿Orne is derr4ed frcffi hekl as part d the carAkl of the Foundalv)n, the Pem)anent Endo%*nent Fund. and frc*n inveStr￿ts representing I￿*￿anty investejj inccffie. the Gener81 FuThJ. These Speei81 Meeting h*J on 25 February 1999 th8 Trustees thhjed to entrust Ratht(Jne Investment Management Limited with dNCretl￿ry managerrtht of the FourKlath)n'5 investhents. This dec#s¥)n has An &Jdrt*Jnal instrnenl in CCLA in the Chwthes In￿tr￿ Furwj. ￿}￿5ted prts to 1999. a*0 w)vides a small incc¥r* to the Foun(knn. grcr*th and regukr in￿me. Total exFendiknre during ytsr was £309.717 IW24 £347.593). Grats payth arg the Charity's greatest expense with £272.414 pahl wt or cwimitled to as grants in the fin￿l year {2024 £2%.302) Inv8strn¢nt relums ¢)ver the 1 yw to 31st De(*rtw 2025 ¥Me thIr￿j against a bx*drop of tanff drr¥pn voLqb'lty, shrfbtvj exFectakns for infflat*￿ aThJ gkthl grry•*th. and an i1￿a￿ngty Sha￿ market focus on Al winners versus Al bJseN Despte these recurying of tuthle￿. equty inNwtors We￿ ultimatèly rv•varded wilh another year of respec* gam￿. Cher the 12 ff￿rrths per￿ gkthl equibes rose soldy, Against this backdrcy, thg Sl MaryletKM)e retumed +4.5% after all fegs ￿OsS thè full calendar year, compared to the UK CPI +3% target 46.5%. Equtss remain the Liryjest asset cLgss in the portfdio, Imth a 75% strategic asset albeation. Asset albxatw￿ w athJiti¥e, wrth an overwevJht h8kd to equths and underweight to govemwt t￿d$. The pattem d le*tshp *rythin ￿UlbeS changed r￿IngfUllY in 2025. Rather than the unrform 'ffega c4), oJnpa)y dcrfninarKZ seen in 2024. Whe￿ tec*nokw g￿￿ts dcfflinated irKlex retums, 2025 was Char￿ter￿1 by * Fw10m￿ dispersion wiihin the t&hnobgy more eJp)sed lo d1$p*xr￿ risk k6ersl. SeNtral fom*r market darlirvJs eXFe1wK￿ sharp drawdowns as questw)ns mount&J over bJsirÉss n￿•￿e[ Al aUgrn￿ted e(￿n0ftry. Whi￿ fimis invow with the deve*ment and searing ofAI twjefrtted. ST MARYLEBONE EDUCATIONAL FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025 2025 was akn mafk&J ty a pr￿￿rKed styk re￿1. ￿a￿e, or￿lated wipaniès outy*rtOTm8d as mad(ets rotat&J t¢TrH8rd ￿diCalS arKI tr>)1￿￿￿￿11y sensitNe s&Xors over the couTre of the year, while 'quality' bu￿nesSes-ty￿aty c*tarathriwJ by whent maryir*, hvJh returns crfb capitsl aThJ strw baL8nce sheet dbSCTplinfrdelNerpts mre muted rgtums. ThL8 b￿rc￿ vras faV￿rth￿ to the invesknent strategy, which is ddterntely t(￿a￿ qualty bfynesses rather than e4xry)ani8s geargj to try￿￿al upswings or Sentir￿lt￿n¥en rallÈs. assets in the r*)rttcAKJ V•we ￿*)$￿tple e4)ntrbLrtors throughout Ro8erv•s poliey thje lo increased ￿119 on the FoundalwJn'$ Ihe F(xmdal*￿'s resaNes may be (xlkd to fund frjture requests. next year wrthout a¢￿Sing ts resffts. It rw)ains ts intention that the grants aWa￿led over the next few years wll remain at a ￿YuC￿j level to enat18 the FoundtitM)n to me8t any fu￿re requests frcrfn the St Marylebore S(*c*)I for laffJer than average suffts. DgFwNding on amounts ￿lled for by the St The FOundath￿ is larpty ￿l&Snt UF￿ ifKxffie fmm the lar¥J UFon the Royal kndemy of Music stands and is not in a to ensure C*)ntinualK￿ cl ine4)me in the event of wctAems at the Royal Acajemy of Music. Shouhl such an event ctcjjr, the Trustees of the F￿ndation woukl con*t other Trusts and endeavour to find ass￿nCe for those wMlivwJuaL8 who moht theref(x8 sulfer. Each year the recr*ients of grants char￿, with their irKTrayrvJ ages Varying the h)￿te￿lIAbilrtlÈ9 oftr* Foundat*Jn. As at 31 August 2025 th8 Founda1￿,3 free Te8ep& £349.680 121r24.. £344.893). Thi5 15 cakulaied in the tab￿ bebw. 21r25 2024 Total unrestr￿ ReseTh 349.680 345,103 (210) 349.680 344,893 The level of free reserves slwkj alkxt thg Foundatwjn to I¥xKwr ￿Thent fundiw and grants individuals to the WKI rrftheir tern￿. STrUCTURE, GOVERNANCE Ala) MANAGEMEpir Govornlng d￿￿￿eTht The St Mary￿e Educaional FwndaIL￿ i¥ Ineal succew of ts St MwYl*￿Th Ch81ity School, iise founded in 1750. The Charity Commission (Kdered the woval * esWi5hff£nt of the upjated Scheme in NOv￿ber 1977. The Tntstees at their Meetw in June 2016 to instruct Lee Bc4tcffl Mcffiw IAfjlliams Sol¥itors to assist them in re￿￿ng the scheme to t(rth nKthmtse it a¥J with current b3i51alion. The revision was cx)mpleted a(h)pted in Juty 2018. Convor¥bon to CIO The Trustees •3re&g at of 11 Fe￿ 2021 to the F￿ndati￿ frcrfn a Trust to a Charit*Ae Organisakn (CIO). The convw5ion and registrakn ctrt))￿ed on the 8 Juty 2022. The regK8tered charity number is 1199592. The deed of transfer all aS￿ts was daknj 21 2024. H(h¥e￿ as a131 August 2025 the transfer of assets to the new entity has yet fuly oJnpl8W. with the r**)n with the Land Regtsty 18 8waiknJ, thi8 vras sutxnitknj in ma￿ 2025. REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The Foundalion l>)ks to the ktal communty armj the w*Jer ed￿allon c¢nwnunty slwld that fail The applKants are asked to stste, in ￿1th9, iheir rn38¢X)s for wtshirKJ io a Twstee and (￿￿ine the benefft they woukl bn.ng to the F￿ndal￿￿ and ts benthiaries. Flosrekn TTUStees sh)uhJ also be able to demnstrnte they be fulty of the Charrtable C*4ectives arKI airTh% of the Foundalp)n and that they are familiar with and harvy to abKle ty the pli￿pIeS of the Wan Code of CorKluct for the trustees of smal charthes. Shouid there te rn than cTr suil&* for the rthrt*)n the Tnth make thw'r decisK)n after intervpwing aN interested parties. OrKe arpj'nted the Trustee *il infom) Ihe F￿ndalkin of any of Loyalty svJn the Dethratkin confirmirvJ their el*Jkn"lty to &t as a Trtth. IAWminster City Ctyjncd histortslty the rw to wrinate Trustees to Serve t￿ ts trt)ard of the Foundation. At thg June 19, 2022 MeeliTr3 Ihe Trnstees that Vbstrninster Crty Counal have ceased to r￿minate Trustees to charity toards. Thereth. Or￿ the remwnirMJ r￿linee resign4 ttwe will no longer be the requirement to apwint Trjninatal Trustees. The rematnry Trustees comprise of one Canon Dr Stephen Evans wll be nKMng tpicese, thereth a Ex-olF￿ Trustee wll be incumtenl in the RO￿ from approxwnatsty May 2026. Oryanisational structurg The maximum number of Trustees on the BcMTd is six Council have rescYtsJed the nght to nominate Trustees lo swve on the b)ard of the F￿ndat￿m. The remainirKJ Trustees comprBe of one ExTh"o. the of St MaryletK)ne and three ctr0pts1p￿ Ttustees. NO￿lnatiVe Truslees are apwinted to serve a term of4 years, CwFrtabve Trust&s afe ¥w"nteAI to serve a temi of5 yfrars. l Trustees may be slmiubj tw ￿.11 to rwr¢in fm Boarf. The Board will reaFwint rf the majority of Trustees feel that they remain able to offer skills. Tr Chair of the 8oard is e*tgd at the first maeting of the ye¥. The Trustees m*e all the decisi￿ on the Ch*iWs exTwKlilure and i>ant Awards at their meetings wh take place Ihree t#))es a y*. A spe(yal rE￿etry 15 c*J to a pWt#x￿1 rrAtter Str￿U￿j it ba deer￿d Inductlon and tralnlng of trusto08 apFoinled and redecteA Trustees ¥e wovthj tP4ilh a ccsy of s￿￿Me and are wuested to sign a DecLgraticm of atteptaK* and Willingr￿sS to xt in the trLtsts d the Sthem. In addit￿ft, am Trustees are rv required to sign an Autcfflth DwualrfKaiw D￿￿ratTh xc(¥ding to knnex A provided by Ihe Charity the Foundation's s(kn. In partKAJ*. tr* Rector of St Maryth)ne is abo an ex officao Govemor of The St Marylebone Church of England School. a Memter of the Board & Dir￿￿￿ of the St Marylet(￿e Bridge Schcol and a Trustee of the ButhjIn￿ and Land (rf ttK)se Scthth. Newtry arvointed Trustees are 819) Major rfsks and m*nagem•nt of th•s• risks The Trustees have examined the majcff $tratWJ￿ busK*ess and risks charity fa￿ and confirm Ihat systems have been estst4is1￿ to enab5e rewbar rrh)nitorirvJ to ￿ltinUe so the necessary duriry this financial year. PwJe 7 ST MARYLEBONE EDUQ4TIONAL FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025 REFEREPKE AND ADMINISTRATIVE DEfAILS Rtg18tsrnd Charlty numbor 1199592 Prlnclpal addrvJ8 12 met￿be Place Maryletone Stath?n Marylebone Londc NW16JJ Trustee# Princlpal addro mary￿rte Stst*)n Marylebone London NW16JJ Trustms Evans Mr Andr￿ James Var Ms Kathryn Mary Roske Ms Vthria Dafe Mr Rithard Gx*)%Mn Mr Chr￿her I￿1r cle￿ to Trusto08 Mrs Caroline Grant Auditorn Gibson Imiiiter Limthj ststutory Audrtss Larth Hcyyde Parkknds Bu%ness Pa Denme&J Hampshire P07 6XP Sollcliorn Lee Bolton Monier Wllk4ms 1 The Sanctuary Lon SW1 P 3JT Inve8knent Managorn Ralhtone Investsnenl Senator House 85 Queen V￿lor￿ Street London EC4V4Er Bankern CAF Bank Ltd 25 KTngs Hill Avenue lQ'ngs Hill st MalliTrJ Kent ME194JQ Pffje8 ST IAARYLEBONE EfxJcATIONAL FOUNDATION FOR THE YEAR ENDED 31 AUGUST 2025 STATEMEKf OF TRUSTEES. RESPONSIBILrriES The trustees are responsib￿ ￿ wepariryJ the Rep￿1 of the TnBtees wvj the fuwi(xal slatw￿￿ in accordance with appI￿able and Urmted lfjntyhyn A<(Lwliry Standards {United Iwom General Charity *1 requres the trustees lo rKepwe financi* Statern￿ for e*h financial year. Under that l&v, the Irustees have e*ed to ryepare the fina￿01 sta1wn￿ in ￿£￿dance with Untsj lfjngth)m Ge￿ralty UrKler tharity law the trustees must not aFprove ts ffftancial stateM￿ts unless ts arè Satisf￿ that they give a true and fair view of the stale of affair5 of the fjwrity arKJ of the ineomirKJ re>Jurces and aFplicatson of re50uros. induding inccre and eypenditure. CA the ch*ity for that yvj. In FryarirKJ those financial staknents. the trustees are r*wir&J to . observe Ihe methc¢Js and wnaples in the Charities SORP.. . prepare the financial Stat￿nts ffi the Con¢￿ b8sis unless il is inarv0￿ to presurr* that the charity will continue in bus1r￿. at any time the financAal of the tharity a￿1 to enth them to en￿re that the financial statements cCrfnp￿ with the Charilw Act 2011 and The Charity (kfthnts and Retotsl Reguktw)ns 2CK)8. They are also responsible for safeguarthng the assets of the dwity and for lakiw reasonable steps for the preventKJn and dthtion of fraud and Jy. n ￿X￿an(% 7hryth Part 4 of the char￿e$ (Accounts and ReF4ytsI ReguM¥￿$ 2(W. Our audit woth has been undertaken so that we mwJht State lo the chari￿$ trustees those matters ￿ are rw]uir&J to stste to in an audrtory, repcrft and for no other purFM)se. To the fulw extent pernitled by W. Th UfMI¥ Rathbone Unil Trust ManageThnt- Core for Ch¥btss Inc The fair value of listed irNeSts￿ is detemined ty refererts to quot&J prKes for K18nb'cal assets in 11 INVESTIAENT PROPEFrrY FAIR VALUE At 1 September 2024 and 31 August 2025 8.100.C BOOK VALUE At 31 August 2025 8,1￿,000 At 31 August 2024 8,100.000 The land cffl whth pwl of the Royd mu￿ stands is leased from Fhxard de Wa>Jen Estates for a tem) of 917 yeats from 25 Marth 1837, * the yearty rent of £15. By an undertease this land fronting Maryletrnne Roaj is OZUp￿ by ts Royal N£•Jwny of fcrf a term of 99 years from the 24 June 1974. It is Undersk￿ that the Rwal of Music knes the larKI on whth the rear The Royal Aoddny of mu￿ pays rent to St Marylery￿e EdLKatThal Foundath)n on the basis of seven yearty indeFendenl PTofessK)nal rent assessrrth to aNi¥t at an annual fvJure. This rental InCc￿ is the principa source of for the F￿ndal￿￿'S thibe5. Page21 &￿tinued... NOTES TO THE FINANCIAL STATEMEIUS. contlnu•d FOR THE YEAR ENDED 31 AUGUST 202S 12. INVESTMEKf PROPERTY. Mntinuod Fair value at 31 A￿Ust W25 15 reWe3￿ ty. Valuation in 2020 Valualion in 2024 7,6CKJ,000 300,1￿] 200,￿0 8.100.000 W invesknent not be￿ rovtsl it have at the folkwirs hk8torical 31.8.25 31.8.24 as 2CO.(M)O 200,000 Investrnent wcpety was valugj C￿ ￿ wen market 31 2022 by BNP Paribas Real Estste. The trustfjes hove o)nsNJered Ihe subseqLWt wKrease M) rental inccffr* frcyn the 2023 renl review and ther8fry8 condLKled that fair value of the in¥estrnenl prowty 8131 August 2024 sh￿Id b8 irKreased ty £300,(KX). The trustees have the at 31 August 2W25 and agreed no i￿reaSe in valuation year. 13. DEBTORS: AiiouKfs FA￿￿ DUE OIE YEAR 31.8.25 31.8.24 e4Jmbined 39.313 716 Prepayments 285 4,649 40,029 14. CREDITORS: *AK)upirs FALUNG fKIE YffiMN ONE YEAR 31.8.25 31.8.24 (xxnbined Grant oJmmitrr*nts 69,824 24.250 75,462 24,250 20, 99.168 120,280 31.8.25 31.8.24 Brought forward 24,250 124,2501 24,250 21.298 121.298) 24,450 Ir)COn￿ deferred in year continued... ST MARYLEBONE ELNJCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2025 14. CREDrroRS: APAouiifs FAWNG DUE wrrHIN ONE YEAR. ¢wtlnued 24,2SO 24.450 15. PX)VEPENT IN FUNDS n￿ement in furmts At 1.9.24 31.8.25 Unrfj¥trfctod funds General fvnd 345.103 4.577 349.680 End0Vm￿fttfvnd$ Permanent EndTh 8.485214 8,485,214 TOTAL FUNDS 8,830.317 4.577 8,834.894 Net movement in fijrmts, indu￿1 in Ihe &y)ve are as folkMs: in funds Gene￿1 fund 311.C60 (309.717) 3.234 4,571 TOTAL FUNDS 311.rAo 1309,717) 3.234 4.577 Net At 1.9.23 in fvnds 31.8.24 General fund 316.241 28. 345.103 Endokninert fvnds 8.185.214 3(KI.OCrf) 8.485.214 TOTAL FUNDS 8.501.455 328.862 8.830.317 P¥23 ¢￿tinued... ST IMRYLEBONE EDUCATIONAL FOUNDATICIN NOTES TO THE FINANCIAL STATEMENTS. ¢Mtlnu•d FOR THE YEAR ENDED 31 AUGLET 2025 15. MOVEPAENT IN FUNDS. continuod Incryrung Restyjl￿ Gairts and Movement in funds General fund 317.726 (347.593) 58,729 28,e62 pe￿￿nent Endtr*rnt 3fKI.CKKI 3CKI,O TOTAL FUPK)S 317.726 (347,593) 358.729 328.862 The wrp)¥es for the funds we to be aFWiwJ are ay fokns.. Pemianent En&)•m*nt FUMI - The value of the fund Oynpr￿S of lar￿ and other investsnents transfeTr&J from St Maryieb)ne Sdwl for orp￿ Girls as a Pem)anent Endowmgnt to fund firture educational gran 16. indNKluals in short temi. These a￿ subix* to annual ¢#th. a￿hr￿jgh ￿se are enmmitt&l levds of fuThJing. the costs are exF¢rts*J to the SOFA wi ￿ year in exh yeaV5 furKling contributwJn is made. 17. RELATED PARTY DISCLOSURES The St PA•rylebonè chU￿h of Engl•r￿ Brfdg• S¢hool (The Reverend Dr Canon Stsphen Evans ts a trustee) Grants totallirwJ £55.701 {2024'. £47.￿> *pre Pa￿ to the Sc*K*31 during the ffinwcial peric*J. At the balance sheet date the anTh)unt to was £4298 (2024.. £24.948). Tho St PAarylebCX￿ ChuY¢h of England School (The Revefend Dr Canon St￿￿ Eyans is a tnth) Grants totslling £125,484 12024: £101.029} paKI to the SclKxl during ts fin*￿181 At the baLqnce sheet d* the ￿T￿nI due to the Schcd was £65.525 {2024. £50.5141 St Wincents Famity Proi•¢t {Mr Varty ts CEO) Gr8nts total￿ng £520012024: £5.2(M)} Tfft F*wJ to tr* Prrye(X durwvJ th8 finarbial 24 continued... ST PAARYLE8ONE EDUCATIONAL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS. contlnu FOR THE YEAR ENDED 31 AUGUST 2025 18. ULTIMATE CO1￿10LLING PARTY The Chanty is the trustees on tr￿all ￿ the 19. CHARtrf IAERGER The trustees haNe transfwwj the assets aclr*ibes d the FoundatN)n to a CIO (St Maryletone EducatK)nal Foundat￿, CE02￿8. d￿lIty number 1199592). A degd of transfer dated 21 October 2024 transferred the as%ts aThJ tharitable *N¢t￿ into the inoxr1x￿ charity. The accourts have been kYep8red under merger ￿ntr"ng rules arKI ttsrefcwe ihe UnincUFX)r￿ charity (number 3123781 and the ir￿p)ra￿J tharity {number 11995921 are a5 thrO￿h they h•J aws been ccmbined and presented as a ojntinuakn of the c*J ch￿. P•Je 25