Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS Charity number.. 1205167 CASTELL HOWELL FOODS CHARITABLE FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Trustees. Responslbllltles Statement Independent Examiner's Report Statement of Flnanclal Aetlvltles Balance Sheet Notes to the Flnanclal Statements 8-14
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2025 Trustees Gethin T Thomas, Chair Edward Morgan, Trustee Gayle Budden, Trustee James Nigel Owen Williams, Trustee Ffion Haf Moseley, Trustee Charity registered number 1205167 Principal office Castell Howell Foods Limited Cross Hands Food Park SA14 6SX Accountants MHA Chartered Accountants MHA House Charter Court Swansea Enterprise Park Swansea SA7 gFS Page 1
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 The Iruslees present their report with the financial statements of the charity for the year ended 31 October 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims Public benefit In compliance with their duty under section 17151 of the Charities Act 2011, the Trustees have had due regard to the guidance published by the Charity Commission regarding public benefit and they and the Charity are ever mindful of the legal requirement that ils purposes, i.e. its objects, musl be for the PLJblic benefit pursuant to the Act, so that the public, whether local, national or international benefit generally. The Foundation's charitable objectives are for public benefit lo promote following.. Relief of poverty and improvement of life conditions for disadvantaged individuals. Environmental preservation and sustainability. - Advancement of sustainable food systems and diets. Education on healthy eating. Preservation of Welsh culture and heritage. The Foundation achieves these objectives through the grants it awards to the community. Achievements and Performance During the year the Foundation reiVed a £75,000 donation from Castell Howell Foods Limited 12024= £250,000). enabling il to carry on fulfilling its mission. The Foundation used these funds lo help support the following charities during the year.. Noahs Ark Charity Ysgol Maes y Gwend The Dean & Chapter of Brecon Cathedral Invictus Charity Noah's Ark Children's Charity Swansea Bay Foundation ABC of Opera Limited The Foundation also granted a number Supply Chain Development Grants during the year. The Foundation provided over £24k of fruit and veg lo schools in the local commLJnily. During the year the Foundation made a deficit of £87,452 12024 surplus £161,400) and held unrestricted reserves of £73,948 at the year end. The Foundation does not have any formal reserves policy and will hold funds to SLJPPOrt Its mission. Structure* governance and management Castell Howell Charitable Foods Foundation is a registered charity. controlled by its goveming document and is constituted as a charitable incorporated organisation. Methods of appointment or election of Trustees The management of the charity is the responsibility of the Trustees, who are elected under the terms of the governing document. Page 2
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Induction and training of Trustees Trustees re1ve training and induction as required, depending upon their background and their roles as trustees in other charities. Skill shortages of the board are kept under regular review. Risk management The trustees have identified and reviewed the risks to which the charity is exposed and have implemented appropriate systems and controls to manage those risks. The main risk facing the charity is the sourcing of funds., at present the charity is reliant upon a single donor, who is also considered a related party of the charity. The trustees do not expect a reduction in support from the main donor in the foreseeable future. As the main expenditure of the charity are grants, which are at the discretion of the trustees, the trustees consider that the charity is a going concern. Approved by order of the members of the board of Tnjstees and signed on their behalf by.. James Nigel Owen Williams Dale.. February 23, 2026 Page 3
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally A¢pted Awounting Practice). The law applicable lo charities in England & Wales requires the Trustees to prepare financial stslemenls for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial stslemenls., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Charitls transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on ils behalf by.. W wiLts¢UMS James Nlgel Owen Wllllams Dale.. February 23, 2026 Page 4
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 Independent Examiner's Report to the Trustees of CASTELL HOWELL FOODS CHARITABLE FOUNDATION I'the Charity.) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 October 2025. Responslbllltles and Basls of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Ael 2011 {'Ihe 2011 Acl'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in caryng out my examination I have followed the 8pplicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no matters have come lo my attention in connection 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 section 130 of the 2011 Act,. or the accoLJnts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the fom and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and faiv view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Dated.. February 23. 2026 Rachel Doe ACA DChA MHA Chartered Accounlanls MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales {regislered number OC4555421 Page 5
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies 75.000 75.000 250,000 Total income 75.000 75.000 250,000 Expenditure on- Charitable activities 167.452 167.452 88,600 Total expendlture 167.452 167.452 88,600 Nat movement in funds 192.452) 192.452) 161,400 Reconciliation of funds.. Total funds brought forward Nel movement in funds 161.400 (92.452) 161.400 (92.452) 161,400 Total funds carried forward 68.948 68.948 161,400 The Statement of Financial Activities includes all gains and losses recognised in th8 year. The notes on pages 8 10 14 form part of these financial statements. Page 6
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION BALANCE SHEET AS AT 31 OCTOBER 2025 2025 2024 Note Current assets Cash at bank and in hand 108.020 170,000 108.020 170,000 Current liabilities Creditors.. amounts falling due within one year {39,0721 (8,600) Net current assets 68.948 161,400 Total assets less current liabilities 68.948 161,400 Net assets excluding pension asset 68,948 161,400 Total net assets 68.948 161,400 Charity funds Restricted funds 10 Unreslricled funds 10 68.948 161,400 Total funds 68.948 161,400 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. James Nigel Owen Williams Dale.. February 23, 2026 The notes on pages 8 10 14 form part of these financial statements. Page 7
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 General information Castell Howell Foods Charitable Foundation is a charitable company limited by guarantee and is registered with the Charity Commission in England and Wales (Charity Registered Number.. 12051671. In the event of the Charity being wound up, the liability in respect of the guarantee is limited lo £1 per Member of the Charity. The address of the registered office is given in the Charity information on page 1 of these financial statements. The nature of the Charity's operations and principal activities are detsiled in the Trustees, Report. The significant accounting policies applied in the preparation of these financial stslemenls are sel out below. These policies h8ve been consislenlly applied to all years presented unless otherwise slated. Aceountlng pollcles 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordan with the Charities SORP IFRS 1021 A¢counting and Reporting by Charities.. Statement of Recommended Practice applicable lo ¢harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Castell Howell Foods Charitable Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially re¢ognised at historical cost or transaction value unless olhenmise staled in the relevant awounting policy. The financial statements are prepared in sterling which is the functional and presentational currency of the Foundation and are rounded lo the nearest pound. 2.2 Going concern The Iruslees consider that there are no material uncertainties about the charills ability to continue as a going conrn and on that basis, the financial statements are prepared on a going ¢on¢em basis. 2.3 Incomg All income is recognised once the Charity has entillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are inclLJded in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balan Sheet. Where income is received in advance of entillemenl of receipt, ils recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is reived, the income is accrued. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the servi. Page 8
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting policies (continued) 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third paty, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each 8Ctivity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not allributsble lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges alloc8led on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions allaching are fulfilled. Grants offered subject lo conditions which have not been met al the year end are noted as a commitment, but not accrued as expenditure. 2.5 Charitable activities Costs of charitable activities include grants made and govemance costs. 2.6 Governance costs Governance costs comprise all costs involving the public accountability of the charity and ils compliance with regulation and good practice. These costs included costs relating lo examination fees and legal fees. 2.7 Taxation The charity is exempl from lax on ils charitable aclivilies. Irrecoverable VAT is charged against the expenditure heading for which it was incurred. 2.8 Cash at bank and in hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 9
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting policies (continued) 2.9 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be eslimaled reliably. Liabilities are recognised at the amount that the Charity anticipates il will pay lo sellle the debt or the amount il has received as advanced payments for the goods or services it musl provide. Provisions are measured al the best estimate of the 8mounts required lo settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.10 Flnanclal Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. B8sic financial instruments are initially recognised al transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.11 Fund accounting General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Page 10
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Income from donations and legacies Unrestricted funds 2025 Total funds 2025 Donations 75,000 75.000 Unrestricted funds 2024 Total fvnds 2024 Donations 250,000 250,000 Analysis of grants Grants to Institutions 2025 Total funds 2025 Grants 137,750 137.750 Grants to Institutions 2024 Total fvndg 2024 Grants 85,000 85,000 Page11
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Grants paid 2025 2024 Ysgol Maes y Gwend Canolfan Coleg Elidyr Langtons Fami Dryslwyn Comm Shop Llanelli Mind The Parish Trust 5,000 30,000 5,000 20,000 10,000 30,000 250 Angor All star gymnastics Old College Noah's Ark Children's Charity Clwb Rygbi Ddraig Goch Gaiman Supply Chain grants Faith in Families 2.500 25.000 5,000 1,000 2,000 15,000 2,000 25,000 25,000 10,000 5,000 The Dean & Chapter of BCon Cathedral Invictus Swansea Bay Foundation ABC of Opera Limited 5.000 137,750 85,000 Analysis of expenditure by activitios Activitias undertakan directly 2025 Grant funding of activities 2025 Support costs 2025 Total funds 2025 Direct costs 24,872 137,750 4,830 167.452 Grant funding ol activities 2024 Support costs 2024 Tolal fvnds 2024 Direct costs 85,000 3,600 88,600 Page 12
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Analysis of expenditure by activities (continued) Independent examlner's remuneratlon 2025 2024 Fees payable lo the Charills independent examiner for the independent examination of the Chariws annual accounts 4,200 3,600 Under accrual of fees in prior year 600 Staff costs The average number of persons employed by the Charity during the year was Nil. No employee received remuneration amounting to more than £60,000 in either year. Trustees. remuneratlon and expenses During the year. no Trustees reiVed any remuneration or other benefits (2024- £NIL). During the year ended 31 October 2025, no Trustee expenses have been incurred {2024 - £NIL). Credltors: Amounts falllng due wlthln one year 2025 2024 other creditors Accruals and deferred income 34,872 4.200 5,000 3,600 39,072 8,600 Page 13
Docusign Envelope ID.. DC079F1E-12824BBA-B1A7-DC1 E6A92D3CS CASTELL HOWELL FOODS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 10. Statement offunds Statement of funds - current year Balance at 1 November 2024 Balance at 31 October 2025 Income Expendlture Unrestricted funds General Funds 161,400 75.000 1167,4521 68.948 Statement of funds - prior year Balance al 31 October 2024 Income Expenditure Unrestrlcted funds General Funds 250,000 (88,600) 161,400 11. Related party transactlons During the year, the charity recieved donations from Castell Howell Foods Limited lolalling £75,000 {2024'. £250,000). The charity also owed Castell Howell Foods Limited £24,872 which was paid by Castell Howell Foods Limited for the fnjit and veg provided to local schools. This was repaid post year end. Page 14