DUNK'S EDUCATIONAL FOUNDATION A CHARITABLE INCORPORATED ORGANISATION CHARITABLE REGISTRATION NO 1204336 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2025 DUNK'S EDUCATIONAL FOUNDATION A Charitable Incorporated Organisation {Charitable Registration No 1204336) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Deceniber 2025 INDEX PAGE Legal and Admlnistrdri¥e Inforn4uon Trustees. Report Indyndent Examiners Repxt Statemert of Fin&￿ial Activitses Balan￿ Sheet Notes to the ￿nanC￿l Ststements DUNK'S EDUCATIONAL FOUNDATION A Charitable Incorporated Organisation Legal and Administrative Information Trustees Follo￿ng a resolution d2ted 23 April 2013 the intention t5 for there to be eleven trustees who are a150 the TrLEscees of Dunk's Am5hou5e ChariLy. The Trustee5 who have served during the year we Mr N Collison Mrs S Cornish Mrs J Faulkner Mr C Faulkner Mis5 E C Robert5 Mrs G Cannon Mrs H E Van Kan Mr C C Hobday Representstive and Chairman Representatiye Co￿p1a￿ve Co-OPtatNe G>optative- resyed 31 Decemtv 2025 Represgiwtve Represenrdtive Reprwenrative Treasurer Principal Office Clerk to TruTrs Miss M Sandys Dunk5 Office Flat 5 Dunks Almshouses Hawkhurst Kent TN18 4HF Bankers Barclays Bank PIC A8hford Brnnch 66 High street A5hford Kent TN24 8TL Solicitor Bus5 Murton LLP Clermont House Independent Examiner Mccabe Ford Williams Bank Chambers 61 Hith Streer Crdnbrook Kertt TN173EG CRAN8ROOK Kent TN173DN DUNK'S EDUCATIONAL FOUNDATION A Charitable Incorporated Organisation Tru5tees' Report Incorporation As A Charitable Incorporated Organisation A new Charitable Incorpordted Orgdnisation, Dunk'5 Educational Foundation wa5 Wstered on 14 August 2023. A resolution was F4ssed on 3 August 2023 that all the property and assets of the Dunws and Springett's Educational Foundation {Chartr&ble Re￿strnti0n No 307664) were to be transferred to the n&￿Y fomied Charit2ble Incorpordted Owdni5ation, Dunk's Educational Foundation (Charitsble Registrnuon No 1204336). This transfer took place on 14 August 2023. Objert of the Charity The objert of the Charity is promotyng the eduotion (including social and physid trniningl of children and young persons under the age of 25 ye￿5 resident in the area of the Ancient Parish of Havthur5L The Chartty is governed by a scheme daTrd 12 Juty 1927 as amended by a scheme dated 22 March 1982 and a resolution of the Trustees dated 9 Awil 1997 under section 74 {21 (c) of the Charities Act 1993. The Charity was originally tyvo seprnte charitie5 e5tabli5hed by the Charity Commission in 1904. One of these vns Dunk's Educational Fourtdation. which had formerly been part of Dunk's Almshow Charity. and the other was Springecc's Educatitsnal Donation. The Goyerning Document used at establishment of the Charity has been (xrried acr055 on the forniaoon ofthe CharitaNe Incorporated Ortdnisation on 14 August 2023. Organisation The Trustees vA)o served during the pr are set out on page one. The Representative Trustees are appointed by the Parish Collnal and the CO￿p￿tiVe Trustees are pwjple residing or ¢arryng on a ￿sinesS in or near the Parish of Hawkhursc The trustees meet qLA￿AY. RÉsÉrwès Policy It 15 the policy of the chartty to ￿aIntain UnreStric￿d fiJnd& which are the free reserves of the tharity. at a level that equates to approximatdy six months unrestricted expenditure. Thi5 provides sufficient funds w cover management and administration costs and to respond to emergency applications for ￿an¢& unrestric￿ ￿ndS vRre maintained at this level throughout the year. Risk Management The Trustees have assessed the major rFsks to vthSth the Charfty Ss exposed. in parucular those relating to its inYe5tment& oFrdtions and firwntts of the charity and are satssfied that systems are in place to MItyga￿ their exFKThJre to the major risk Investments The units in the COIF inwme shares have decreasd by 4.78% (2014 increase of 2.3%) this year. The Tru5ffts will continue to monitor their inyestmert strategy. They retain th￿r Conffiden￿ in the long terni benefits of equtty Investm￿ and have decided to keep the majority of the investmènts in COIF. DUNK'S EDUCATIONAL FOUNDATION A Charitable Incorporated Organisation Trustees, Report- contÉnued Public Benefit The trustees confirni that they have referred to the guidance contained in the Chariry Commission's general guidance on public b￿efft reviewing the Trust's aims and objectives and in planning future actmties. Statsnlent of Trustees, Responsibilities Chariy law requires the Truscees to prepare finaTrCi￿ 5ratements for each financial year which 8tYe a true and fair view of the affairs of the Charity and of its finanaal acti￿￿eS for that period. In preparing those financial statements, the TnISt￿ are required ￿ - a) select suitable accounting poliges and those Fx)lioes con5i5trndr. b) judgerr￿nts and estimates that reasonatle and prud c) state whether applicable accounting st2nd&rds and statements of recommended prattice have t￿￿ followed subjett to any departures disclosed and explained in the financial d) prepare the financial mtememts on the going concern basis unless it is inaFpropriat£ to presume that the charity will Continue in operati¢)n. The Trustees are responsible for keeping prc4)er accountyng r￿ordS which disclose with reasonable accuracy at any time the financial positson of the Charity and to enable them to ensure that the financial sratsments compty with the relevant prowsions of the Charitses Att 201 l. They are also re5w)n5ible for safeguarding the assets of the charrry and. henc& for taking reasonable ￿p5 for the prevents.on and dewion of fraud and other irregularioe5. Review of the Year Dunk's Education Foundation held a good and stsble financial position throughout 2025. This is despi¢e unsrable utility costs and ongoing Maintenan￿ of the sch¢)ol hall and eommunal areas. Trustee Nigel Collison Trustee Colin Hobday Dat DUNK'S EDUCATIONAL FOUNDATION A Charitable Incorporated Organisation Independent Examinerf$ Report to the Trustees of the DUNK'S EDUCATIONAL FOUNDATION We report on thÈ aeeounts of the Trust for the year ￿dÈd 31 Dètember 2025. which are set out on pages I to Respective responsibilities of trustees and examiner As the charity'5 trustees you are responsible for the preparation of the accounts.. you consider thar the audit requirement of Section 144 of the Charitie5 Act 2011 (the Attl does not apply. It Is my responsibil￿Y to ￿lmIne the accounrs (under secrion 145 of the 2011 Affj to follow procedLEres laid down in the General Directions given by the a)artw Commissioners under settion 145{51(b) of the 2011 Act and to stste whether panicu]ar matters have come to our attention. Basis of independent examinerfs report My examination was carried out in accordance WTth the General Directions given by the Charity Commi55ioners. An examination includes a remew of the accounting ￿COrdS kept by the charity and a comwison of the accounts presented those record& It also includes consideration of any Unusu￿ items or disclosures in the accounts and 5eeknng explanations from you as truste85 concerning any Such mattern The wocedures undertaken do not promde all the evidence that would be required in an audil and o)D5equentty we do not expre55 an audit opinion on the vrew given by the accOur￿. Indèpendent exarnifierfs statemert In connettion my examination. no matw has come to ¢yJr attention: (l) which &ve5 me re350rHble cause to beli￿ that in any material respect the r4uirements to keep accounting records in accordan￿ with sectyon 130 ofthe Affj. and to preFAre aCc￿￿tr which accord the accounting records alld to compty Y￿th the accovntyng requirements of the Act have n¢X been m¢ or (2) to which, in my opinion, a￿ntIOn should ￿ drdwn in order to ena￿e a proper understanding of the accounts co be reached. D Boobbyer Mccabe Ford William5 Chartered Accountant Bank Chambers H￿h Street Cranbrook Kent TN17 3EG Page 4 Dunk's Educational Foundation Statement of Finan¢ial Actfvittes For the Year Efbded 31 December 2025 Endowment Extraordinary GentAI Total Fund Repair Fund Fund 31.1125 Total 31.12.24 Incoming Resources Rent reCeiV2￿e H￿1 lectyng5 12.118 3,865 1.03B 865 11.385 12.118 3.865 1.038 465 IZS14 4,055 1.049 Inwest Dividends Donation5 Grants 11,3B5 5,673 Misc Income Total Incoming Resource$ 29.272 29.2n 24,134 Resources Used Dlreet Charitable Expendlture Education￿ endOWm￿ts Donation 8.900 B,9Qil Admini5trath Ratrs 150 150 124 Water 241 242 183 Cycli(al nllintenance Elearicity Ga5 1,728 955 I,n8 955 1706 754 Insuran 560 394 560 571 505 Cleaning Audit and accountancy Clerk's fees Office costs Profession￿ fees 394 105 5.057 1.523 292 105 5.057 1523 2,292 596 4J58 1,092 Total Resources Ustd 22.605 22,605 Ntt Incomingl(Oirtgoitig)Resources before transfers 6.607 6,607 622 G￿ns[lo$Se3I on investments (808) {674) (1.482) Net Incomrng l{oytgolnz)resources ftsr the year (808) 5.993 5,185 7.306 Balances brought fon¥ard at 01 January 2025 17J90 48.141 66.549 S9.243 Balances carrled fonvzrd at 31 Derernber 2025 lo￿82 1.018 54.134 71.734 66,549 Dunk's Educatloftal Foundation Balance Sheet As at 31 DÈ£ember 2025 Endowmert Extraordiw General Total Total Fund Repalr Fund Fund 31.12.2025 31.12.2024 I￿estrnents 16.069 13308 29,477 30.959 Current Assets COIF deposit B3rda>% current a£ctyJnt Debtors 513 1,018 26.023 16,768 27,554 16.768 21.516 17,662 513 .011 41791 44.322 39,178 Current LiabilÉties Creditor5 2.065 I06S 3.588 Net cUr￿t Ajsets 513 1.018 40.nfj 41257 35590 Net Assets 16,582 1.018 54.134 71,734 66.549 Funds Endowrnent Fund 16.582 14582 1.018 54.134 17.390 1.018 48,141 Extrnordirwy Repatr Fund Generdl Fund 1.•18 S4,134 1,018 54.134 71.734 66,549 The financi￿ 5taternents have been preprwj in accordan￿ wth the rÉyuIr￿￿ts of FRS 102 and the STAtè)￿[ (rf Retomtnended Prnctic4 AcccAm"ng and iiwMrr¥ by Chartlle& Accounting and Reporting by CharrEtÉ< Approved by the Trustees Si￿ed Nigel Colli50 Signed Colln Hobday Dated: DUNK'S EDUCATIONAL FOUNDATION Notss to the Financial Statements for the year ended 31 December 2025 I. ACCOUNTING POLICIES Basis of Preparation The accounts are prepared in accordance vffth the provisior15 of Secyon IA "Small Entityes" of Financral Reporting Standard 102 "The Financial Reportyng Standard appli(2ble in the UK and Republic of Ireland" and the Statement of Recommended Practice "Accounting and Rep)rting by Charities" 2015. They have been P￿pared under the historical cost convention except for investments, which are carried at market walu The accounts are in £. Morger Accounting A new Charirable Incorpor7ted o￿a￿lSatiOn. Dunk's Educational FoLFndation vrds regifftred on 14 Augu5c 2023. A resolution vrds wsed on 3 August 2023 that all the property and assets of the Dunk's and Springett's Educaoonal Foundauon {Charitable Regstrxtion No 307664) were to be transferred to the Tre￿ forn)ed Charirable Incorporated Organi5auon, Dunk's Educationat FoundatK)n (Charitable Rwstrdtion No 12043361. This trdnsfer took place on 14 ALWlSt 2023. Fund Accounting The Chali￿S Permanent End¢)wment Fund comprises the investment refe￿ed to below. The COIF shares were purchased vrith the proc*Js of land sold to Dunk's Almshouse Chartry during 1998 in connecuon with the erection of 4 new alm5hou5es. The sale was approved by the Chariry Commissioners. The Extraordinary Repair Fund is a fund desi￿red by the charlty to pmide for fvture miior works. improvemerts and r￿acement expenditu￿. Fixed Assets No Yalue is included for the Charirf5 5bare of the original land and L￿ilding5 bequeath94 to Dunk's Amshou5e Charity. Golng concern The ¢rustee5 consider that there is no materHI uncertwnty relating to going concern and consider that the Charity is in a position to meet irs firwKial obligdtion5 a5 they fall due.