Charity règlstratlon numbèr 1203684 (England and Wal•$l THE LOUIS BAYLIS CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 THE LOUIS BAYLIS CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trusts•s Mr P Sands IChaiman} Mr J Robertson MBE Mr M Trepte BEM M5 JAHayne3 (Appointed 2 July 20241 (Appointed 22 Juty 20251 Charlty numbèr (England and Wal0¥1 1203684 Audltor DSA ProspectAudit Limited First Fl¢)or 1 Des Roches Square Vwan Way tney OX28 48E Banker8 Natwest Bank plc 66 High Slre&l Maidenhead Berkshifa SL6 1QA COIF Charities Deposil Fund 80 Cheapside Lon¢Jon EC2V 6DZ Soll¢ltot8 Charfes Russell Speechty LLP S Fleet Place London EC4M 7RD Investment advlsors Raihbones Group plc 30 Gresham Street Lomdon EC2V 7QN Quilter Cheviot Limited 85 Queen Vicioria Slreet London EC4A 4AB THE LOUIS BAYLIS CHARITABLE TRUST CONTENTS Pag• Trustees, report Statement ol trustees, responsibilities Independent auditorfs report 9-10 Group slalemenl of financial a¢tivities Group balanc¥ $he*t 12 Charlty balance sheet 13 Group statement of cash flows 14 Notes lo the financial statements 15-28 THE LOUIS BAYLIS CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 The trustees present their annual report and financial statements for the year ended 30 June 2025. The financial stslements have been prepared in 8ccord8nce vAth the 8ccounb.ng poliries sel out in note 1 to the rinancial statements and comply wrth the trusf5 goveming document, the Charities Ad 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ifeland" and the Charities SORP "P£counting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021.. ststus ond History The Louis B8ylis Ch8rrtable Trust I"LBcfi was incorporated as a Ch8ritsble Inwrpor8ted Organis81ion on 22 June 2023. It was established to transfer all assets, liabilrties and charitable adivrties of The Louis 8aylis Imaidenhead Advertiser) Charrtable Trust I"LBMACT'I, Wh￿ was originalty registered as a trust on 13 September 1962, into a more modern charitable structure. The transfer was completed during the financial year ended 30 June 2024. There has been no change in the ch8ritable purposes or activities as a resuh olthis reorg8nisaD'on. For thè year ènded 30 June 2025, LBCT is the legal owner of Baylis Media Ltd And thè consolidated fin8n¢i81 statements comprise LBCT and its subsidiary un¢Jertaking. This is the firsl year In which the consolidated finanaal statements have been prepared on this basis. In pnor periods. the finanaal statements We￿ prepared and filed on consolidated basis comprising LBMACT. LBCT and Baylis Media Ltd. LBMACT is now a separate enlty and does not forn p8rt of the consolidated group for the current finanrAal year. In 7962 th8 propri8tor of th8 Maid8nh&a£l Aclv8rtis&r, Loui$ 8•￿$, cma18d the Ch8ri1abl8 Trust wh.ch continuès to b6Br his name. The chanties. funds constitute 8 wnrfic8nt inv&slment portfolio. 10g&ther with th& entire issued share capital of Baylis Media Limited, fom?erty the publisher of The Maid6nh6ad Advertiser, The SI0￿3h Express and The kw'ndsor and Elon Expfftss 'The Newspap8Tr'. Clause 2 of the Trust Deed directs the Iruslees to hold their inveslment in Baylis Media Lirnited (the "cornpany'l on trust to appty income in perpetuty lor suth charrtable purpose8 as they shall. from time lo lime. their absolute discretions, sele¢l. The Company on 1 $1 Mar¢h and 5th March 2006. in pursuance of resolutions dale4 25 October 2005 made capital donations to the Louis Baylis Imaidenhead Advertiser) Chantable Trust, that were subsequentty transferred to the Louis 8aylis Charrtable Trust. thereby broadening and supplementing the trustees. powers of administration of the assets ol the charities. The trustees have power to administer the 2006 donations as a separate and unrestricted fund alongside the charilies, permanent endowrnent. The trustees must appty the income and may supplement Ihat by expending caprtal from the lund for the above de3cribed charitable purposes. The wmpany in December 2007 and January 2008 in pursuance of resolution5 dated 13 Septernber 2007 made 8ddition81 capital donations. Onè donation went to the establishment of a pètmanent endowtllent fund fr)r the charity and g8ve the trustees the dis¢￿tIOn tts accumulate income. Another went to enlarge the expend8ble endowment fund established in 2006. giving the trustees Ihe discreh.on to convert to income. These funds were also held for the above-described charrtable purpose. These funds were originalty received in the Louis Baylis Imaidenhead Advertiser) Charitable Trust and subsequentty translerred to Ihe Louis Baylis Charitable Trust. On 30 June 2022 the company Iransferred the newspaper business to Baylis Community Media CIC Iregi5tered number 141078041. This was after rarelul consideration of the rnatter by the directors of the cornpany. who considered that the newspaper business managed by cornpany ujuld be mre conveniently tnanagÈd and operated by a Community Inte￿$t Company. The objects of the CIC a￿ to carry on actNrties whth benefrt the communrty and in parts"cuLar Iwrthout limrtationl to benefit the communities of Maidenhead, Slough. Eton and Wndsor and the surrounding areas (the communities) through the publication of printed and online materials with a non-polrtical stance and also other non-political joumalislic activities by inforniing. representing. campaigning and inlerrogating on behalf of the cornrnunities. being Vol￿ foi the loral Gomrnunty to express views and to enwurage a cohesive, Ihriving and supportive oommunity spirit. THE LOUIS BAYLIS CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Baylis Media Limrted was a wholty owned trading subsidiary of the Louis Baylis (Maidenhead Advertiser) Charitable Trust (Registered Charity Number 2105331 (The "Charty-l and is now a wholty owned trading subsidiary of the Louis Bayli5 Charitsble Trust (Registered Ch8ty Number 12036841. The trustees of the charities have confirmed their support of the transfer of the newspa￿[$ ￿ the CIC. The Charrty is the speufied asset-locked body undei the Artides of Association ol the CIC. In June 2024 the assets an¢J actsvths of the Louis Baylis (Maidenhead Advertiser) Charrtable Trust were transferred to the Louis Baylis Charitable Trust. Objectives and activities The Louis 8aylis Chantable Trusl chantable objective is set out in our Tnjst Deed of 22 June 2023." The objects of the CIO are to further such chantable p￿￿oSeS as the Irustees sh811 from time to lime in Iheir &b￿lUte discretion s6lecl. Publlc beneflt The Iruslees have paid due re9afd to guidance issued by the Charity Commission In decmling what activities the trust should undertake. Charltable actlvllles This section refers On￿ to the chanty and their actNrties and not lo the trading subsidiary unless otherwise sp8clfièd. The comparative figures quoted indude those of The Louis Baylis (Maidenhead Advertiserl Charitable Trust. The Louis Baylis Charitable Trust luifilled ils obligations during the period wrth grants and donations being made to local and national charrties in Ihe sum of £337.235 as compared lo £326.610 in ttte P￿vIouS year. Prior year comparative numbers relate io arnounts expended by Ihe ol(J Lovis Baylis IM8idenh&ad Advtrrti5erl Ch8rit8blo Trust. During the period som& 128 12024". 1321 or9anisab"on$ benefiled from the charity, ol which 3 12024., 21 wer¥ for £10,000 or more. The Louis Baylis Charitable Trust made grants and donations totalling £9,500 12024.. £11,500) to 9 12024- 71 national charities. £29,$0012024.' £20.5001 in aggregate ¢0 1812024.. 11 I regional charilies and a total of £298,235 12024.. £294,610) to 10112024.. 1141 local chanties and organisations. During the course of the past year the Louis Baylis Charilable Trust has continued to support loc* and national charities at the sarne level as the previous period. We continue to Support Cilvzen$ Advice East Berks wrth a grant lotalling £25,00012024.. £25.0001. The Loui$ Baylis Charitable Trust has ¢onlinued to Support wionol ¢h81it*$, fr*r example gr8nls of £2,000 12024.. £2.0001 to Th8mes Vallèy ArAmbul8nc• antl £3,00012024." £6,OTrJl to Thames Hospice. The Louis Baylis Charitable Trust has continued to support our local mobility charity. People to Places, with a grant of £ 16,50012024.. £9,050) and Alexander Devine child￿n'S Hospice Service £5.00012024.' £5,0001. On a national level the Louis Baylis Chantable Trust has continued to support the Great Omiond Street Hospital for Children wrth a donation of £2.00012024.. £2.￿0) and a £2.￿oI2024.. £3.0(X)I donation to Target Ovarian Cancer. During the year the Louis Baylis Charilable Trust made a grant 01 £100.0￿) 12024.. £100.0001 to the Baylis Community Media CIC lo support them in Iheir tharitable activities wilh particular reference to promote citizenship and c4vic responsibilty and to encourage 8nd facilrtate inft>rmed participation and engageTnent by tnembers of the public in the corntnunities of Maidenhead, Slough, Eton and Wndsor and the surtounding areas (the Communities) through the publication of printed an¢J online materials and other loumallst￿ activth.es for the benefit of the Communities. The newspaper provides the trustees wih an extensive annual report in regard to its charitable adivities wth particular reference as lo how joumalism supports the tharrlable purpose of providing a public benefit. During the cou15e of the year 880k 12024." 90%} of Louis Baylis Charitable Trust grants and donation5 were to loc81 charities, 9Q/o12024. 6Q/ol to regional charities and 3Q/o12024". 4QAI to nab.onal charities. It ha5 aknys been the policy of these chants.es to primarity support local charities but, notwtthstanding that, to gwe recognition to the needs of regional and national charities. THE LOUIS BAYLIS CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Indicators, Milestones and Benchmarks The trustees are satisfied wrth their grant-making FX)licy during the past year. They have covered a wide spread of charities and organi58tions 8nd. although significant monetsry grants have been made. it wll be seen from the schedules that they have a policy of making many small 9rants to lo¢xl charitable activities. Alth(xJ9h small in amount, these grants, in many instances, pfovide a vrtal sb"mulus for the charity workers involved. We are also cognisant of the lact that a number ol local charities have, in a sense. become dependent upon the annual grants from our trusts. Such charities have to provide us with ￿gUlar activity reports and details of their financial accounts. Care is taken to ensure that previous grant monies have been expended for good purpose. Our charrties will continue their close relationship wrth the Baylis Community CIC. which publishes The N8WSP8p8Tr. The trustees 8re cornrnitted to ensure that the unique relationship continues. will conb'nue lo work dosely with The Newspapers who provide an important souicè ol publiaty iegaiding our local gfants and Ihè Impad they have on the communrty. We trustees are conscious of our responsibilities under the EqualtyAcl 2010. We acts'vely encourage applications for grants from all sections of the communities of Maidenhead, Wndsor, Slough. Burnham. T¥￿f0rd, Marfow and Henley. We do not like to set benchmarks in ￿gard to what prcportion of our grant monies are allocated lo particular needs groups 8tthough it is true lo say that the bulk ol our donations are for the benefit of the elderfy, young and disadvantaged. 11 is not our general policy ¢0 make donations lo individuals however worthy those applicants may be. We do not ¢onfine our grants to other reglstered ¢harrtie$. Each application 1$ considered on rt$ merits. AFplications ar¥ generally dealt with at the two haff-yearfy meetings although the Ifustees have dunng the ¢our$e of the past perfod related to the special neetjs ol local charities and made emergency grants as necessary. The trustees have reviewed their gfant.maknng policy in I￿h1 ol Ihe Equalty Act 2010 and consider th8t it is compliant with the Act. The trustees are satisfied thal their policy does not unlawfully discriminate against applicants with protected characteristics or in 8ny way contravene the provisions ol the Equalty Act 2010. The Iruslees are aware that the granl-making policy encourages applications from the Royal Borough of Windsor and MaidÈnhÈad bul would highlight lh& lad th81 the gi¥ni mon*s ore 8Ho¢aled to 811 se¢tson$ of the communrty and that èach grant is considèrèd on rts mèrits. R•pr•8•ntatlon ol Othèr Bodl•• We are primarily local chariti'es and are not represented on wional or national bodies. The trustees do not see that as their purpose. Actlvltles and Events We have had another successful period. and lh& IW$t￿ were pleased lo be able lo continue lo make grants and donations at a level of £ 337,235 compared to £326.610 for the previous year from the Louis Baylis Imaidenhead Advertiser) Charitable Trust. As previously reported the past period ha5 been anolher extremety challenging one for The Newspapers. There continues to be a strong trend of newspaper readers moving online as well a5 cJas5ified advertiser5 moving away from print. To combat these changes Ihe newspaper h85 h8d to make some significant changes in staff ng. printing 8nd in the products themselves and continuousty looks at new opportunities to di¥Ètsify. Wrth this in mind the addition of the Henley Standard will, we hope, strengthen the group overall. The trustees are confident that the newspapers wll continue to flourish as a communrty interest company. Grant maklng pollcy We have already made reference in detail to the grnnts made and the grant-making polw of the trusts. The trustees review the grant-making policy annualty to ensure rt remains appropriate lo the strategic direction of the charities and its objects and thereby advances public benefit. To this end, the trustees annually review the trusts, grant-rnaking procedures. THE LOUIS BAYLIS CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Financial review Our financial statements outline our income and expenditure lexduding the results of the subsidiaryl. This section refers onty to the chanty activities and not to the trading subsidiary unless otherwise specffied. The comparative figures quoted indude those of The Louis Baylis (Maidenhead Adverbserl charitab￿ Trust. During the period in question the Louis Baylis Chariiable Trusl's total income was £306,650 12024.. £314.3881 with resources expended of £498.766. Grant and donations of £337.23512024.. £326.6101 were made. The governance COSts of the Louis Baylis Ch8rifable Trusl were £104.996 compared lo £111.642 for the previous year The fund5 of the Loui5 Baylis Charitable Trusl were an unrestricted general tharity fvnd of £3,690,288 12024". £3.566,1361 induding the reserves of Baylis Media Ltd, an expendable endowment of £6,304,610 12024". £6,547,244) this relates to LBCT On￿ and a pemianent èndowment of £4,022,177 12024." £4,022,177) relating to LBCT only. Golng concern The trustees have ConsKler￿ Ihè period ol at least month$ from the datè ol approval of the balancè shèèt on making their assessment. Desprte uncertainbes surrounding the carrying value of the investment portfolio and the expected investment income that will be generated Irom these investments going fO￿ardS, the trustees are confident that they have sufficient cash reserves to meel liabilities as they fall due. Re¥ery•s pollcy The group reserves al the period end were £14.017,07512024'. £14.039.8641. Under the lemis of the Trust Deed and Constitution the trustees are inslnjcted to stand possessed of the trust fund upon trust for the application of incorne. Under the lemis of the capitsl donations received from Baylis Media Limited to the Louis Baylis Imaidenhead Advertlserl Charitable Trust. 5vbsequentty transferred to Ihe Loui5 Baylis Charitable Trust, the trustees &ith&r mu$t or may 8pply income lunl&s$ lh& tru$tee$ ex&r¢is& their pwr lo ac¢umulate in¢omel and also have power to expend part of the capital as incom. It is the trustees. intention to distribute ils Incc¥re local￿ and national￿ as soon as possible. The trustees are, however, consuous that a number of charitles are accustomed to regular grants from the charities and, as such, does. therefore cary a ￿rtain level ol ￿serveS to meet theses charities, expectations. THE LOUIS BAYLIS CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Investment policy The Trusts. principal discretionary fund managers continue tr) be Ihe Rathbones Group plc and Quilter Cheviot Limited. These Investment funds have similar investment objectives, attrtude to risk and performance benchmarks. The trustees consider that as they have significant funds under discretionary management. the runniro of portfolios in parallel gives them a useful opportunity to compare investment perfomiance. The core objective wf(hin both portfolios is a balanced return betsyeen incJ)me and capital with medium risk. vith time horizon in exces5 of ten ye8rs. The aim of the porlfolios 15 to build the c8pil81 of the charity in order to diversify the asset base whilst still providing 8 level of income to support charitable purp05es. We have determined that the performance of our portfolios over the long temi should be measured against CPI plus 3tsh to demonstrate whether the portfolio has been maintaining rts real value. We have annual meetings with both sets ol investment advisors to review asset allocation. investment slralegy. perfom)ance and benchmarks. For the year to 30 June 2025 the portlolios produced an income of £282.419 cOMpa￿d to £307,859 for the year to 30 June 2024 The Ralhbone5 Group plc and Quitter Cheviot Lrrniled managed fvnds had a valuation of £10,304.611 compared lo an origin81 historical cost incurred by the Louis Baylis (Maidenhead Advertiser) Charitable Trust of £8.865,708. We meet regularty lo consider the suitsbility of the charitsble trusts. investrnenls and the merts of diversific8lion. In addition to the investment portfolio, as discussed above, thè trustees hold the entire share capllal of Baylis Media Limlted. There are risks In holding a signffjicanl weighting in a single investment lor which the trustees have been rewarded by significant payments over the years by way ol grfl aid. 11 is a arcumstance of the charitable trust, but our Trust Deed does not confer power to sell these shares. These shares in Baylis Media Limrted were transferred from the Louis Baylis Imaidenhead Advertiser) Charitable Trust to the Louis 8ayli5 Charitable Trust. However, we are aware of our responsibility lo secure the lullesl benefil thal we can from this holding. During the period we rnet regularty wlh the board ol Baylis Media Limiled lo ¢on$ider 11$ performance. We are pl&a$ed lo report that Ihtr board has negotsated new operating leases ￿{h the lenanls wh￿h will significantty increase rental income. As mentioned earlier in the report. thè newspaper business has been transfeffed to Baylis Community Medl8 CIC. Going foNard, Baylis Media Limited wll essenlialty be a property owning investment cornpany. together wrth some Intellectual Property assets Major rlsks As detailed eadSer In the report the newspaper buslness has been transferred to the 88ylis Community Medla CIC. Our chairman, Peter Sands, is a member of the CIC. Thus we wll continue to have a dose relationship and to support their charitable activities by way of grants. Going forward Baylis Media Limited will own the Bell Street propertie5 and the intellectual property rights of tre newspapers. Truslee5 P. J. Sands and P. W. Murcott. togelher wrth M. R. Treple, appointed 2 July 2024. will ¢onlinu& a$ d1￿ctOrS ol Baylis Medi8 Limit&d. Plan8 for futur• p•riod8 The trusts intend lo maintain their existing policy of granl distribulions and to tske Our Irusts wll continue to support local tharities during the en5ving year but wilh an eye also to the needs of regional and nation81 ch8riti'es. We will continue lo develop our investmenl poliry lo enhan￿ the incorne frorn our Investment portfolio. THE LOUIS BAYLIS CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Structure, governance and management The trust is a registere¢J as a Charrtable Incorporateil Organisats)n under Ihe charity number 1203684. The trustees who served during the year and up to the date of signabjre of the finanual statements were.. Mr P Sands Ichairmarhl Mr J Robertson MBE Mr P Murcott Mrs P Lattimer Mr M Trepte 8EM Ms J A Haynes (Deceased 30 December 20251 (Deceased 17 October 20251 (Appointed 2 Juty 20241 (Appoinled 22 Juty 20251 R•erultm•nt and appolntm•rtt ol tru8t••s The statutory power to appoint new and additional trustees CA￿lained ￿ ihe Constitution applies to the Louis Baylis Charitsble Trust and 15 exercisable by the Iruslee5. We are not a nation31 charities.. and are nol invofved in ftJndrai$ing 8nd our prime objective is t￿1 of grant rnaking. do not, th&￿10r0. no$d an èxtèn$iv¢ board of tru$te¢$. Th¥ trustèés are 8W8re of Ih&ir re$ponsibiliti&$ under the Charities A¢t 2022. Thèy ¢ornfim that they h8ve referred to the guidance contained in the Charity Commission's revised public benefil guidance when reviewing the Irusls, aims and objectives and in planning futu￿ activities and setting the grant-making policy for the period. We will keep under continuous ￿VIeW the question of recruitment. appointment, election. induction and training of trustees and ensure that we truslees keep up to date in regard to the changing worfd of charity law and admini8lralion. Org•nl8•tlon•l 8tru¢tur* The overall strategic direction ol the charities is detemined by the trustees who meet fomialty al least four times a year lo consider and further develop Ihe Irusls, objectives. At these meelings grant application5 are considered and grants made. Durin9 the course of Ihe any period Ihe Iruslee5 have a number ol ad hoc meetings lo ¢*n8ider emergency grant 8pplic8li¢n$ and any other important 8dmini$lr8bve issues which need lo be dealt with. Thè trustèès do not dèlègate their authority in regard to giant dèusions and pèrsonalty considèr all thè submSsslons made and make their detem)inations accordingly. Our part-time administrator deals wth a significant portion ol the grant application review process, particularty in regard lo smaller grant applications which the trustees do encourage. Our website and the relevant links lo The Newspapers have enhanced our profile in the Royal Borough ol Wndsor and Maidenhead which is the principal a￿a which we seek lo benefit wth our donations. The trust is focussed on the long-term goal of sorial progress and are committed to making a real difference to Ihe fortune5 and lives of the inh8bi18nts of the Roy81 Borough ol Wndsor and M8idenhe8d. Indeed. the Irust5' objects extend beyond the Royal Borough and grants and donations to natsonal charttses are considered. Grants a￿ made to national and regional charrties, atthough applicants should understand that it is still the trustees. policy to make a g￿ater proportion of its grant monies available to local chanties and organisations. The trustees have no need lo c￿ate sUb￿mMitteeS arthough the work of our part4ime administrator does lead to strearnlining the grant applicaiions procedures and. indeed. facililates ease of access for applicanls. Our part lirne administrator, Mr Richard Curry. is responsible for the day-to-day management ol the trusts, activities. with particular responsibilty lor the administration of grant application pr￿duleS and grant distributions. Richard can be contacted via ernail on Info@louisbaylistrust.org.uk. Grant appliG4tion fotrn5 are available our website and we stiongty recommend the use of these forwns as the proper channel lor applications tts the Trust. Certain management ￿sponSibl1rtles are carried out by ￿lSOn Partners Limited, charte￿ ACCOUn￿ts, the business to which the trustee, P W Murcott, provides consurtancy Servi￿S. The address for the Char￿eS is PO Box 4832 Maidenhead, Beth$h1￿. SL60 1JQ. The website address is www.louisbaylislrust.org.uk THE LOUIS BAYLIS CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Subsidiary Company The Louis Baylis Charitable Trust. has a wholty ovmed Irading subsKliary Baylis Media Limrted. whc6e resutts are consolidated in the ffinanrial statements of the trust. The prinapal activity of Baylis Media Ltd up to June 301h 2022 was that of newspaper proprietors and subsequently a propety investment company. Wth effect 30 June 2022 the newspaper business was transferred to the Baylis Community Media CIC. The intellectual propeity rights of the newspapers have been retained by Baylis Media Ltd IBMLI and licenced to the CIC. In February 2025 BML acquired the Henley Standard newspaper titles and licenced the operation and production to Baylis Community Media who pay an annual Licence fee for same. Rglatlonshlp wlth related parti0¥ The Louis Baylis (Maidenhead Advertiser) Charitable Tnjst. subsequenty the Louis Baylis Charitable Trust. owns Baylis Media Limited. Three of the trustees of the Louis Baylis Charitable Trust. P. J. Sands. P. W. Murcott and M. R. Trepte. are mernbers of the board of the company with P. J. Sands being the non-executive chairman. Baylis Media Limited owns and manages the Bell Street properties. They also own the Intellectual property lights of The Newspapers. The ownership of Baylis Media Limited was transferred from the Louis Baylis Imaidenhead Advertiser) Charitable Trust lo the Louis Baylis Charitable Trust. The trustees. report was approved by the Board of Trustees. Mr P Sands Ichairmanl 3110112026 Dale., THE LOUIS BAYLIS CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2025 The trustees are responsible for preparing the Truslees. Report and the financjal statements in accordance with applicable law and United Kingdom Ac￿untrng Standards (United Kingdom Genei8lly Accepted Accounting Pr8Cticel. The law applicable to charities in England and Wales ￿quireS the trustees to prepare finanual statements lor each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources ol the trust lor that year. In preparing these financial statements. the truslees are required to.. select 5Ultable accounting policies and Ihen appty them consistenty.. observe th8 methods and principles in the Charities SORP., make judgements and esb'mates that are reasonable and prurjenl", state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements". and prepare the financial slalements on the going concem basis unless r( is inappropriate to presun* that the charty 11 continue in operation. The Iru3lees are responsible for keeping sufficienl accounting records Ihal disclose with reasonable 8ccur8cy al any tlm8 thè financial position of thè trust and ènablè them to ènsure that thè financial statements Corry￿ with the Charities Act 2011, the Chanly (Accounts and Reports) Regulations 2008 and the provisions ol the trust deed. They are also responsible for safeguarding the assets ol Ihe trust and hence for taking reasonable steps for the prevention and detection ol fraud and other irregulanties. THE LOUIS BAYLIS CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE LOUIS BAYLIS CHARITABLE TRUST Opinion We have audited the financial stalements of The Louis Baylis Charitable Trust (the 'trust'l for the year ended 30 June 2025 which comprise the statemenl ol financial actNit*s, the balance sheet, the statement ol cash flows and notes to the finanaal statements, induding significanl accounting poliaes. The finanaal reporting framework that has been applied in their preparation is applicable law and United ￿'ngdoM Accounting Standards. including Financial Reporting Standard 102 The Fin8nCI81 Reporting St8nd8rd applicable in the UK and Republic of Ireland Iunited Kingdom Generalty Accepted Accountin9 PraLtycel. In our opinion, the financial statements". give 8 true and fair view of the state of the charity's affairs as at 30 June 2025 and of its incoming resources and application ol resource5. for the year then ended". have been propedy prepared in accordance wslh United Kingdom Generally Accepted Accounting Practs'ce.. and havè be¢n prepared In a¢¢ordanc• wrth th¢ CharrtièsAcl 2011. Bas18 for oplnlon We condu¢tery. Grant payments and donations are recognised when a constructive obligation arises that results in the payment being an unavoidable commitmenl. Costs of generating fvnds are Ihe operating costs of Ihe tharity s subsidiary. Baylis Media Lirnited. Governance ¢o$ls in¢lud& those incur￿4 in the go¥em8n¢e by Ihtr Tru$lee$ of the Charty's as$els and are primarity assoclated with constiluljonal and statutory requirements ol operating the charity. Management and administration costs are allocated to seThices in proporb'on to the level of central resources utilised. 1.6 Intanglble Ilxed a8set8 - goodvAII GoothNIII represents the excess of lh& cost of acquisiti.on of uninco￿orated businesses ovèr thè falr valu8 of net assets acquired. It is inib.alty recognised as an asset al cost and is subsequently measU￿d at cost less accumulated amortjsation and accumulated impaimient losses. Goodwill shall be considered to have a finite useful lrfe. and shall be amortised on a systematic basis over its lile. 1.7 Inv•8tm•nt pro￿rtY Investment property. which is propety held lo earn rentals andlor for capital appreciation, is initially rewgnised al cost, which indudes the purchase (x)$18nd 8ny direw attributable expenditure. Subsequently it is measurèd at fair value at the reporting end date. The surplus or deficit on revaluation is re(x)gnised in profit or loss. 1.8 Fixed asset investments Fixed asset investments are iniiialty measured at transaction price exduding transaction cosls, and are subsequenlly measured al fair value al each reporting dale. Change5 in fair value are recogni3ed in net incomellexpendf¢urel for the year. Transaction wsls are expensed as inwrted. 1.9 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposrts held at call with banks, other short-temi liquid investments with original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are shown wrthin borrowings in curient liabilities. 16- THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 A¢coun¢ing policies (Continuedl 1.10 Flnanclal Instruments The trust has elected to appty the provision5 Qf SeclK)n 11 'Ba5ic Financial Instruments, 8nd Section 12 '0thei Financial In5trutnents Issues. of FRS 102 to all of ts finanaal in5trufflents. Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions ol the instrument. Fin8ncial asset8 and li8bilitEs are offset. ¥￿1h the nel 8rnounl8 p￿sented in the financial statements. when thère is a legally enforceable right to set off Ihe reco9nised amounts and ther& is an intention lo Settle on a nel basis or to realise the asset and seme the liability simuNaneousty. Baslc flnanclal •ssots B8sic financial assets. Wh￿th indude debtors and ¢8sh and bank balances, a￿ inf¢ially measured at transaction price including transaction costs and are subsequentty CArried at amortised ¢o$l using the effective Interest method unless the arrangement constilules a ffinanong transaction, where the transaction Is measured at the present value of the fulure receipts discounted at a market rate of interest. Finanaal assets classified as receivable within one yeai ale not amortised. Basic financial liobillties Basic financial liabilities. induding credrtors and bank loans are inilialty recognised at transaction price unless the arrangement constilules a financing transaction. where the debt instrument is measured al the p￿sent value ol the future payments discounted al a market rate ol intwesl. FinancAal liabilities classified as payable wrthin one year are not amortised. Debt Inslwm&nls are subsequ&ntty ¢arried al amorti$*d cost. usin9 the ¥ff*¢tiv* Interest rale m¥¢hod. Trade credltors are obligations to pay for goods or seThices that have be8n acquired in the ordlnary course of operations from suppliers. Amounts payable are classified as current liabililies il payment is due within one year or less. If not. they are presented as nonrycVr￿nt liabilibes. Trade creditors are recognised iniually at transaction pri¢e and svb5equentty measured at amortised cost using the effeclNe interesl rnethod. Der•¢ognition of finan¢i•l li4bilities Financial liabilities are derecognised vthen the trust's contracbjal obligations expire or are discharged or cancelled. 1.11 Ernployee benellts The cost of any unused holiday entrtlement is recognised in the period in which the employee's ser¥￿S are received. Terrnin81ion benefits are recogniseil immedi8lety as an expense when the trust is demonslr8bly cornrnrtted lo temiinate the employment of an employee or to provide teminab.on beneffls. 1.12 Basls of consolldatlon The Statement of Financial Activities 8nd the B818nce Sheet consolidate Ihe ffinana81 sl8lernenls of the Trust and its subsidiary undertakin95 The Charity has taken advantage of the concession offered by the Charity Commission not to present a separate SOFAfor Ihe charity as a standalone entity. The Statement of cash flows 15 prepared for the con501idate(J acwunls. The Charty ha5 not prepared a separate statement of cash flows as petmiited by FRS102 Section 7. 17- THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Critical accounting estimates and judgements In the 8pplic3bon of the trust's accounb'ng policies. the trustees are required to make judgements. eslimales and assumptions about the tAryin9 amount of assets and liabilities that are not readity apparent trom othei sources. The estimates and assouated assumptions ale based on histOriCAI experience and tsther factors that are considered to be relevant. Aclual resuhs may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects that period. or in the period of the revision and future penods where the revision affects both current and fLrture Poriods. Ineomè from othèrtradlng actlvltlès Unrestrlcted fund¥ 2025 Baylis Media Ltd- Rental income 101,843 In¢ome from Inv¢•tm•nt• Unre8trlcted funds 2025 Income from listed invesiments Inlere$l re¢&ivable 295,200 11,450 306,650 Trnnsler of tru¥t Unrn•triet•d R•striet•d Endowm•nt Ivnds lunds funds 2025 2025 2025 Total 2025 othèr incomè Insurance claim receivable Negative goodwill 556,693 4,022,177 6.565,444 11.144,314 5.036 5.036 2,979,882 2,979,882 3.541.611 4.022.177 6.565.444 14,129,232 18- THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Transfer of trust (Continuedl Other Income The Louis Baylis Charitable Trust received assets and invesiments transferred from the previous charity Louis Baylis Imaidenhead Advertiser) Charitable Trust. operated by the same trustees. This transfer represents the rnovement of fund5 and investmenls from the former charity stwcture to the newty established trust. The transfer does not represent new income generated from extem8150urces bul 15 recorded 8s"Othei Incotne. to reflect the receipt ol these assets within the new ents"ty's accounts. N•gatlve goodvAII The charity acquired a subsidiary undertaking at a cost below the fair value of the idenlrfiable net assets acquired. In accordance with the Charities SORP IFRS 1021. the excess of Ihe fair value ol the net assets acquired over the consideration paid has been recognised as a gain on 8cquiSrt￿n. This gain, repr&senting n&gatNe goodwill, has l>een indudtrd within Other In¢ome in the Stattrment of Financial Aclivrties. It rellecls th• economic benefit to the chanty arising from the acquisition ol the subsidiary at a bargain price. Expendlturo on charftsbl• actlvltle• Expendlture 2025 Rates Cl¥aning Property repairs and maintenanrE Sundry expense$ Bank charges Insurance Other charitable expenses Computer njnning costs Bank interest on loans Taxation 731 3,826 26.571 1,086 610 4,700 12,700 72S 9,375 13.7891 56,535 Gr8nl fvnding of 8¢tivttie$ lsee note 7) 337,235 Sharè of 8UPPOrt and gov•mance cosi8 (see note 8) Govemance 104,996 498,766 Analysis by fund Unrestricted funds 498.766 19- THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Grants payable Exp•ndlture 2025 Gr8nts to institutions.. Charitable donations 337,235 Support CQ¥ts allo¢¥ted to •¢llvltles Exp•ndltur• 2025 Depreciation L¥gal and prole$$ional Accountancy Investment fees Adrninislralors fees Audit fees 39.645 35,649 5.452 33,133 12.500 11,750 138,129 N•t mov•m•nt In fund• 2025 The net movement in funds is stated after chargingllcredrtingl= Fees payable for the audit of the chanty's financial sialements Amortisation of intangible assets 11.750 39,64S 10 Tru8t••8 None of the trustees lor any persons connected wilh them} received any ￿muneratIon or benefits from the trust during the year. 11 Employees The 8ver8ge monthly numbei ol employees during the year was= Group 2025 Number Trust 2025 Number Total There were no employees whose annual remunerat¥Jn was more than £60,IJOO. -20- THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 12 Other expenditure Endowment Endowment funds funds 2025 2024 Investment manager fees 33.133 13 Galn8 and losses on Investments Endowment Endowment fund8 funds 202S 2024 Gainslllossesl arising on.. Revaluation of investments 22.299 14 Taxatlon The charitable parenl enlty is exempl from Corporation Tax on ils charitable aciwilies and incorne. provided that such income is applied for charitable purposes. ArKordingty. no provision for taxation has been made in respect of the charity. The trading subsidiary, Baylis Media Ltd, opéfates as a sèparatè taxable enllty and is subject to Corporatlon Tax on Its profrts. For the financial year, Baylis Media Ltd incurred a Corporation Tax liability of £28.12 15 Intanglbl• Ilx•d 888•ts Group Goodwlll Cost At 1 Juty 2024 Additions- separately acquired 396,449 At 30 June 2025 396,449 Amortlsatlon and Impalrnient At 1 Juty 2024 Amortisation charged for the year 39.645 At 30 June 2025 39.645 Carrying amount At 30 June 2025 356,804 The trust had no intangible fixed assets as at 30 June 2025. 21 THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 16 Investment property Group 2025 Fair valLfg At 1 Juty 2024 Additions through business combinab"on$ 3,000,000 At 30 June 2025 3.000,000 Investment propety comprises Unrts 3 and 4. 48 Bell Slreet. The fair value of the investment propety has been arrived at on the basis of a valuation carried oul at 13 July 2023 by Kempton Carr Croft Property Consultants. who are not connected with the cornpany. The v8lua¢ion was made on an open market value basis by refer¥n¢¥ lo mark&1 ¥vIden￿ of transact￿n pri¢ss for Similar prope￿"￿$. 17 Flx•d as8•t Inv••tm•nts Group 2025 Trust 2025 Inveslmenis in subsidi8ri&$ Listed investments 22,176 10.304,611 10.304,611 10.304,611 10.326,787 Group Ll$tsd Inv•8tm•nts Total Cost or valuatlon Al 1 Juty 2024 Additions 10.304,611 10.304,611 At 30 June 2025 10.304.611 10.304.611 Carrylng amount At 30 June 2025 10,304,611 10.304,611 At 30 June 2024 THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 18 Debtors Group 2025 Trust 2025 Amounts falling due within one year- Trade debtors Other debtors Prepaymènts and 8euuÉd ineomè 2.039 4.192 127,577 100,000 24,605 133.808 124,605 19 Cr•dltors'. amounts lalllng du• wbthln on• yèar Group 2025 Trust 2025 Corporatron tax payable Tradè crèditors Other credrtors Accruals and deferred Incom8 28 2,943 36.005 16,809 14,309 55,788 14,309 20 Endovm)•nt lund$ Endowment funds represent assets which must be held pernaTrent￿ by the trust. Income arising on the endowment funds can be used in accordance wlh the objects of ihe tnjst and is induded as unrestricted income. Any capilal gains or losses arising on Ihe assets form part of Ihe fund. At 1 July 2024 Incomlng oure•8 Re¥ourc oxpènd•d Transfern G*ln$ •nd 1088•8 At 30 June 2025 6.565,444 133.133) 1250,IXJOI 22.299 6.304,610 21 Restricted funds The restricted funds of the chanty comprise the unexpended balances of donations and grants held on trust subject to speafic condrtions by donors as to they nw be used. At 1 July 2024 Incomlng resources At 30 June 2025 4.022.177 4,022,177 -23- THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 22 Unrestricted funds The unrestricted fijnds of the tharity comwise the unexpende(I balances of donations and grdnts which are not subject to specific conditions by donors and 9rantots as to how they may be used. These include designated fijnds which have been set aside out of unrestrided funds by the trustees for specific purposes. At 1 July 2024 Incomlng resources Resources expended Trnnsf•rg At 30 June 2025 General funds Revaluation reserve 3,950,104 1498.768 250,000 3.701,338 111.0501 23 Ca8h absorbed by operatlon• 2025 Deficbt for the year 1110,0471 Adlu8tment8 for.. Investment Income recognised in slalemenl of financial acts"vitie$ Fair value gains and losses on investments Amorb'sation and impairment of intangible assets 1306,6501 122.2991 39,64S Movements In worklng capltal.. Ilncreasel in debtors Increase in credilors 1140,8291 55,757 Cash ab$orb¢d by op¢r•tlon$ 1484,4231 24 Analysls of changes In net fvnd¥lldebtl The group had no material debt during the year. -24- THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 25 Analysis of Charitable l>onations (Nationall 1711212024 1711212024 1711212024 1610712024 1610712024 17112Q024 2510712024 1711212024 1610712024 1610712024 1711212024 BLESMA Brrtish Forces Foundation Clic Sargent Young Lives matter Combat Stress Great Ormond Slreel Hospital Great Ormond Street Hospital P8ncreabc Cancer RAF Benevolent Fund SSAFAArmed Forces Chanty Target Ovanan Cancer Target Ovarian Cancer 500.C#) 1,000.1 1,000.(X) 500.00 1.000.00 1.000. 500.CM) 1.000.CM) 1.000.rx) 1,000.00 Total Natlonal Charitle8 9,$00.00 28 Analys1• of Charftable Oonatlon¥ IRgglon41) 1711212024 1610712024 1610712024 1711212024 1810712024 1610712024 1610712024 1711212024 1610712024 1610712024 1711212024 1711212024 1610712024 1610712024 1711212024 1610712024 1711212024 1711212024 1610712024 Autism 8erkshlr• BethShi￿ Care Trust Berkshi￿ Lowland Search & Rescue Berkshi￿ M S Therapy Centre Berkshi￿ Masons Children'5 Panto outing Berkshire Vnicom5 RFC Caudwell Youth Headway Thames Vallèy Helen & Douglas House Revitalise Resprte Holidays Rosies Rainbow Fund Srnart Works Reading Sue Ryder Home Th8mes Hospice Thames Vallèy Advenlure PIoy9round Thames Valley AirAmbulance Thames Valley AirAmbulat)ce Thames Valley Partnership hyzz Kidds 1,500.ty) 2,000.00 1.000.00 2.000.00 2.000.C(J 500.C4) 2.000.C4J 1,500.00 2,000.00 1,000.00 2.000. 1.000. 2.000.00 3.000.C4J 1,000.00 1,000.00 1,000.00 2.500. 500.CM) Totsl R•glonal cha￿11•# 29.500.00 -25- THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 27 Analysis of Charitable l>onations (Local) 1610712024 1610712024 1711212024 1711212024 1711212024 17112Q024 1711212024 1610712024 1610712024 1610712024 1711212024 1610712024 1610712024 0210712024 1711212024 1711212024 1610712024 1610712024 1711212024 Cfj10212025 1610712024 1610712024 1711212024 1711212024 1610712024 1711212024 1810712024 1711212024 1610712024 3010712024 1711212024 1610712024 1711212024 1610712024 1610712024 0710512025 1711212024 1610712024 0710512025 1610712024 1610712024 1610712024 1110312025 2710312025 1610712024 1711212024 1711212024 1610712024 1610712024 1010212025 0710512025 1610712024 1711212024 1610712024 12th Wndsor Scout Troop 1 st Cookham Guidesl Scout5 1 st Taplow & Hrtcham Brownies 22 Counselling 2nd Cox Green Guides 6th Wlndsor Brownies Adutt Dyslexia AGE con￿rn Slough & Berkshire East Age Concem Wndsor Alexander Devine Children's Hosp￿ SeThice Alexander Devine Children's Hospice SeNice ALFIE." WThn(Jsor Foresl College Autism Group B8ylis Communty Media CIC Boyne Hill S¢hool As50Giation Braywck Court School PTA Braywck Heath Nursery IWAMUI Braywck SportsAssoc. Cantorum Choir Childrens Hosprtal Fyjamas {Aexander Devinel Circus Slarr Cits'zens Advice Bureau E851 Berks. Ci112ens Advice 8ureau Easl Bèrks. College Rd. Allolment Soc. Cippenham Community Calm CIC Community Safety Education CIC Cookham Arts Trail Cookham Dean Crickert Club Cookham Oean Cricket Club Cookham Oean FC (Old Boys) Cox Green CG2000 Crackerjack Childrens Trust Crackerjack Childrens Trust Craft Coop CIC (Maidenhead Town Show) Eton Community CIC Elon Community CIC Eton Excelsior Rowing Club Friends ol Cookham Abbey Friends ol Maidenhead Wate￿aYS Friends ol Maidenhead Waterways Frimley Heatth Charity Fun Wth Wdrtercolours l Friends of Dedworth ￿'brary) Get Together Club Henley Talking Newspaper Holyport Dartly & Joan Club Hotyport FC Kaizen Explorer Scouts Kevin Cruise Foundation King George Vl Day Centre Laichfield School PTA Leisure Fojjs Trusl Link Foundation Link Foundation Lions Club ProstateAwareness Event 3CK).00 2,000.00 500.00 3,000.00 900.00 500.00 1.000.00 1,000.00 2,500.00 2,500.00 2,500.00 650.00 2.000.00 100.000.00 500.00 1,000.00 5,000.00 7SO.00 2,000.00 500.00 800.00 12,500.00 12,500.00 500.00 1,000.00 900.00 500.00 1,000.00 1,500.00 500.00 500.00 500.00 500.00 1,000.00 750.00 500.00 2,000.00 1,500.00 1,500.00 1,500.00 2.500.00 200.00 585.00 200.00 8LK).00 1,000.00 1,500.00 2.000.00 1,000.00 1,500.00 3,000.00 2,000.00 2,500.00 2.0(KJ.00 -26- THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 27 Analysis of Charitable l>onations (Local) Icontinuedl 1610712024 1711212024 1610712024 1610712024 1110312025 2610112025 1610712024 1711212024 2211012024 1711212024 1711212024 1610712024 1610712024 1811012024 1610712024 1610712024 1610712024 1610712024 1711212024 1610712024 1610712024 1610712024 1711212024 1711212024 1610712024 1610712024 Lions Club Swmar8thon 2.500.(X) Lion5 Club Winter Warmth 2.000.00 Maidenhead & Dislrict stroke Club 1,000.(X) Maidenhead Archaeological Soc. 930.00 Maidenhead Big Weekender Festival 5.000.00 Maidenhead Bridge Rolary Easler Fun Day 250.00 Maidenhead Chess Club 1.000.00 Maidenhead Chess Club 1.000.00 Maidenhead Choral So¢. 750.00 Maidenhead Communtty Book Festival 1,500.00 Maidenhead Dfama Festival 2.000.00 Maidenhead Festival of Music and Dance 2.000.CLI Maidenhead Macular Support Group 500.00 Maidenhe8d Maharastrians 1.000.00 Maidenhead Rolara¢t 500.00 Maidenhead Town Partnership Xma$ lights 5.500.00 Maidenhead United Communty Trust 2,000.00 Marfow United Charities 1.SOO.CKI Marfow United Charities 2.000.CM) Men's Matter5 Wndsorl Maidenhead 1.000.(X) Mhd & Wndsor Vision formerly Maidenhead Club for Visually Impaired 1.000.00 M'he8d & Wndsor Wdlking FC Iwomenl 1.000.00 Motor Neuronè Disease Assoc 2,000.00 Norden Farm Centre for the Arts Lanlem Parade 3,000.00 01(J Wndsor GirfGuiding 500.00 People lo Places 10.000.CX) Ipi 1711212024 1711212024 1610712024 1711212024 2710312025 1711212024 1610712024 1711212024 1711212024 1711212024 1610712024 1711212024 1610712024 1711212024 1610712024 1610712024 1711212024 1410112025 1711212024 1610712024 1711212024 1711212024 1711212024 1610712024 1711212024 1711212024 People lo Places Pinkney5 Green Footb811 Club Play9round for Domey Quire Voices RBM Herrtage Hub RBM Mhd Town Partnership Xmas lights Re.'Charge R&R Re.'Charge R&R River Churth CAP Debt Centre Ro¢k UKAdven¢ure Cent Rotary Boundary Walk Rotary Club Maidenhead Thames Santas Grotto Rotary Club ol Maidenhea¢J Thames Cookham Regatta Rotary Club ol Maidenhead Thames Mhd Gol Talent Royal Free Singers s8lvab.on Army Imaidenheadl Salvaton Amw Imaidenheadl Slough Immigratson Aid Unrt Slough Refugee Support St Paul's Mission Church Stand Out forAulism Taplow & Bumharn Guide Suppwters The Dash Charity The Sequela Foundation The Sports Collective TWord Drama 6.500.CX) 1.000.00 1.000.00 1,000.00 600.00 s.000. 3.000.(X) 3.000.00 1.000.00 1.000.00 1,500.00 500.00 1.000.CK) 1.000.(X) 500.00 1.000.00 1,000.00 3,000.(X) 1,000.LXJ 1.000.(KJ 2.500.(M) 1.000.00 2.000.00 1.000.00 770.00 1,000.(K) -27- THE LOUIS BAYLIS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 27 Analysis of Charitable l>onations (Local) Icontinuedl 1610712024 1610712024 1610712024 1610712024 1711212024 1610712024 1610712024 2910512025 ndsor & Maidenhead Symphony Orchestr Wind50r Eton & Ascot Town Parlnèr5hip Windsor Festival Windsor Horse Rangers Windsor Horse Rangers Indsor Street Angels Wooburn Festival World Council of Hindus- Yoga fesbval Kid￿116 Pa 2.500.(X) 2.500.00 1,000.(X) 2,000.00 1.500.00 600.00 1.000.(X) 1.000.00 Totsl Local Charltl•s 29B,235.00 -28-