Docusign Envelope ID.. D843E7OE-9613465&818F.DEg4D41E56AA CHARITY REGISTRATION NUMBER.. 1205857 THE G . F SMITH & SON CHARITABLE FOUNDATION UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Do¢usvJn Envelope ID.. D843E7DE-9613-8656-818F-DEg4D41E56AA THE G . F SMITH & SON CHARITABLE FOUNDATION FINANCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2025 PAGES Trustees, annual report I 105 Independenl examiner's report to the trustees statement ol financial activities stotemenl ol financial po&tion Notes lo the financial slalem&nts 91012 Docusign Envelope ID. D843E7DE-9613.8656-818F-OE94D41E56AA THE G . F SMITH & SON CHARITABLE FOUNDATION TRUSTEES, ANNUAI REPORT YEAR ENDED 31 OCTOBER 2025 The trustees present Iheir report and the unoudiled financial slolements ol the choiify lor the year ended 31 October 2025. REFERENCE AND ADMINISTRATIVE DEtAILS Reglstered charlty name The G F Smith & Son Chorilable Foundolion Charlty reglstratlon number 1205857 Prlncipol office G F Smith & Son ILondonl Ltd Lockwood Street Hull HU20HL THE TRUSTEES G Sheekey V Fletcher G D A Powell C Diaz B J Watkinson Independent examlner Adrian Carroll of Townends Accountants LLP Carli51e Street Goole East Riding ol Yorkshire DN14 5DX STRUCTURE, GOVERNANCE AND MANAGEMENT The G F Smith & Son Chorilable Foundolion is a charitable incorporated organisation regislered with the Charity Commission in England and Wales under charity number 1205857. 11 was registered on 22 November 2023. The chority is managed by a committee ol Trustees, who ore oppoinled as detailed in the governance document. The trustees hove exomined the major risks to which the charity is exposed, in particular those related lo the operotions ond finances ol the Trust. and are satisfied that systems ore in place lo mitigote the exposure lo these major iisk5. Docu5vJn Envelope ID.. D843E70E-9613-8656-818F.DE94D41E56AA THE G . F SMITH & SON CHARITABLE FOUNDATION TRUSTEES, ANNLIAL REPORT (canlinved) YEAR ENDED 31 OCTOBER 2025 OBJECTIVES AND ACTIVITIES The chorily's principol objective is to advonce chorilable purposes, with a parliculor focu5 on supporting individu(Jls and chorilob5e organisalions operating within the City ol Kingston upon Hull and the East Riding ol Yorkshire locol oulhorily areos. This 15 primarily ochieved through the owording of giants and other forms of assislonce thal further chariloble oims in the local community. In addition, the charity is committed lo supporting yovng people across the United Kingdom in the design or visuol arts sectors. To this end, granls may be oworded lo provide tools of trode. equipment, materials, or access to vocolional training, thereby helping beneficiaries lake meaningful steps in the creative sector. In reviewing our aims and objectives and planning future activities. the trustees hove given due consideration to the Chorily Commission's general guidance on public benefit. This ensures that all activities undertaken continue to provide clear and demonstiable benefit lo the public in line with our chorilable purpose. DocusvJn Envelope IO.. D843E7DE.9613.8656.818F-OE94D41E56AA THE G . F SMITH & SON CHARITABLE FOUNDATION TRUSTEES, ANNUAL REPORT (cortliftued) YEAR ENDED 31 OCTOBER 2025 ACHIEVEMENTS AND PERFORMANCE During the yeor, the trustees conlinued lo advonce the choriloble objectives ol the GF Smith Charitable Foundotion by supporting initiative5 that deliver demonslroble public benefit in the oreas ol education, creolivily. skills development. inclusion, ond wellbeing. Granl-making activity focused on projects that reduce barriers lo participotion ond provide positive ovlcomes lor individuols ond communities, both locally ond nationolly. Al o local level. the Foundation supported Case Training Hull through the funding ol a solar- powered generator to enable the delivery ol ils GROW Horticulture Progromme. This programme provides therapeutic and skills-based gardening opportunities for adult5 Wlth learning disobililies. promoting independence, confidence, environmentol oworeness, and practical life skills within a supportive communily setting. The Foundation also supported The Experimenlorium, Hull College'5 linol-year BA (Honsl Fine Art degree exhibition. Funding contributed to a public-lacing platform lor emerging ortists. enabling students to present their work. engage with audiences, and Iransition from education into creative practice. This support helped celebrate regionol creative lalenl whilst highlighting the wider contribution of the orts lo culture. wellbeing, and industry. In addition lo local activity. the Foundation supported nalionol inilialives addressing wider educational ond social inequolities. Funding provided lo the Bank of Dreams and Nightmares supported creative programmes lor children lacing disadvonlage. including those in rural or undeserved communities and those who are neurodiverse or disengaged from Irodilional educolion. The orgonigation's work responds to declining literacy engogement and increasing pressures on children's mental health services by providing accessible. creative interventions that promote confidence. emotional wellbeing, and engagement with learning. The Foundolion 5UPPOrted Foundation Press, an artist-led educational proclice, through its delivery ol the Triongle Kids project in Newcastle-upon-Tyne. Triongle Kids ollers free. regulai arl activities lor children in o public ploygfound, removing financial and sociol barriers to creative participation. Sessions ore inclusive. child-led. and process-locused. encouraging experimenlalion, collaborolion, and 5ell-expression for children who may olhepwise have limited acce55 10 orts provision. The trustees ore satisfied that the gront5 awarded during the year were opplied in furtherance ol the Foundotion's chariloble purposes and delivered idenliliable public benefit. In making funding decisions, the trustees had due regard lo the Chorily Commission's guidance on public benelil and are confident that the Foundation's activities conlinue lo contribute positively lo educolion. crealivily. inclusion, ond wellbeing across the communities il supports. FINANCIAL REVIEW The Slolemernl of Finonciol Activities shows that lolal lundg decreased by £1,172 during the year 12024.. £39,914 increosel. Income included donations lor Ihe year of £6,595 12024.. £39.9141. Al 31 October 2025, the tolol unreslricled reserves balance on the slolement ol financial position was £38.74212024'. £39.9141. The trustees are confident to use the reserves lo help achieve the charities objectives. Do¢usign Envelope ID. D843E70E.9613.865U18F.DE94D41 E56AA THE G . F SMITH & SON CHARITABLE FOUNDATION TRUSTE ES, ANNUAL REPORT (conlinued) YEAR ENDED 31 OCTOBER 2025 PLANS FOR FUTURE PERIODS Over the coming yeor, the trustees will continue lo locus on supporting charitoble iniliolives and individuals within the City ol Kingston upon Hull ond the East Riding of Yorkshire. in line with the charity's core objectives. We will seek lo identify and fund projects Ihol deliver clear public benelil, particulady those addressing local sociol, educational. and culluial needs. The Iruslees also plan to further develop our support lor young people ocross the UK who wish to pursue coreers in graphic design or the visual arts. This will include continued provision of grants lor equipment. materials, and vocalionol Iroining, a5 well as exploring opportunities to paitner with relevant organisalion5, educational institutions, or training providers lo M0￿Mise impact. Additionally. the Iruslees intend lo review the charity's granl-making criteria and processes to ensure they remain accessible, Ironsporent. and aligned with our charitoble purposes. Considerotion will 0150 be given to how we con raise the charity's profile locally lo increase awareness ol available support ond encourage high-quolity applications. Throughout the year. the Iruslees will continue to hove regard to the Charity Commission's guidance on public benefit and lo ensure that all activitie5 ond decisions contribute meoningfully lo our mission ond the long-term sustainability of Ihe charity. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees ore responsible for preparing the Trustees Annuol Report and the financia1 statements in accordance with opplicable law and regulations and United Kingdom Accountin9 Slondards (United Kingdom Generally Accepled Aocounling Praclicel. The law applicable lo charities in Englond ond Wales requires the Truslees lo prepare Inanciol slalements lor each linoncial year which give o true and lair view of the stole ol allairs ol the charity ond ol the incoming resources and applicotion ol resources ol the charity lor Ihol period. In preparing these financial stalemenls, the Trustees are required to.. ' Select svitable accounting policies and then opply them consistently.. ' observe the methods and principles in the Charities SORP.. make judgements and accounting estimoles thol are re050nable and pnJdenl', prepare the financiol slalements on the going concern bosis unless it is inappropriate lo presume Ihol the charity will continue in operation. The Trustees are responsible lor keeping proper accounting records Ihol disclose wilh reasonable occuracy al any lime the financial position ol the charity and enoble them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts ond Report51 Regulations 2008 ond the provisions ol the trust deed. They ore olso responsible lor safegvording the assets ol the charity and hence for taking reasonable steps lor the prevention and detection ol fraud and other irregularities. ocus¥Jn Envelope ID.. D843E7DE-9e1>8656-818F.DE94D41E56AA THE G . F SMITH & SON CHARITABLE FOUNDATION TRUSTEES, ANNUAL REPORT (conlinued) YEAR ENDED 31 OCTOBER 2025 The Iruslees. annual report was approved on board ol Irvslees by.. 15 May 2026 and signed on beholl ol the DDru$lgn¢d by. F1DCW547$4QJ. G D A Powell Trustee Do￿sIgn Envelope ID. D843E7DE.9613.8e56418F_DE94D41E56A4 THE G . F SMITH & SON CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE G . F SMITH & SON CHARITABLE FOLFNDATION YEAR ENDED 31 OCTOBER 2025 I reporl to the trustees on my examinolion ol Ihe linanciol slolemenls ol The G F Smith & son Charitable Foundation I'lhe charily'l lor the yeor ended 31 October 2025. RESPONSISILITIES AND BASIS OF REPORT the trustees ol the charity you are responsible for the preporalion ol the financial slalements in accordance with the requirements of the Charilies Act 2011 I'lhe Acl'l. I report in respect ol my examinotion of the chorily's financial slalemenls corried out und&r section 145 of the 2011 Act and in corrying out my exominolion I have followed all the applicable Direction5 given by the Charity Commission under section 14515llbl ol the Act. INOEPENDENT EXAMINER'S STATEMENT I hove completed my examination. I confirm Ihot no material mallers hove come lo my allention in connection with the examination giving me couse lo believe that in any material respect.. accounting records were not kept in respect ol the chorily os required by section 130 01 the Acl., or the linoncial statemen15 do nol accord with those records.. or the financial slalemenls do not comply with the applicable requirements concerning the form ond content ol occounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement Ihol the accounts give o 'trve and loirf view which is not a maller considered os port of on independent exorninalion. I have no concerns and hove come ocros9 no other mallers in connection with Ihe examinolion lo which attention should be drawn in this report in order lo enable o proper understanding ol Ihe occounts to be reached. Adrian CarrolS ol Townends Accountants LLP Independent Examiner Corfisle Street Goole Eosl Riding ol Yorkshire DN14 5DX Docuslgn Envelope10. 0843E7DE.96134656.818F_DE94D41E56AA THE G . F SMITH & SON CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 OCTOBER 2025 Period from 22 Nov 23 10 31 Oct 24 Year lo 31 Oct 25 Unreslricled lunds Total funds Totol funds Note Income and endowmenls Donations and legocies Other trading activities Tolal Income 6,595 2,172 6,595 2,172 39,914 8,767 8,767 39,914 Expendllure Expendilvre on charitable activities Total expendilure 9.939 9,939 9.939 9,939 Nel (expenditUTe)/lncome and nel movemenl In Ivnds (1.172) 39.914 Re¢onclltallon of fund5 Total funds broL)ghl loward Total fvnds carrled forward 39,914 39,914 38,742 38,742 39.914 The statement ol linanciol octivities includes all gains and losses recognised in the year. All income ond expenditure derive from continuing oclivities. The nole$ on page$ 9 to 12 form part of these Ilnanclal slalemenls. Docusign Envelope ID.. D843E7DE.9613-8656418F-DE94D41E56AA THE G . F SMITH & SON CHARITABLE FOUNDATION STATEMENT OF FINANCIAL POSITION 31 OCTOBER 2025 2025 2024 Note CURRENT ASSETS Debtors Cash at bonk and in hand 6.595 32.147 39.914 38.742 39.914 NET CURRENT ASSETS 38,742 39.914 TOTAL ASSETS LESS CURRENT LIABILITIES 38,742 39.914 FUNDS OF THE CHARITY Unrestricted funds 38.742 39,914 Total charity funds 12 38,742 39,914 These linoncial slolemenls were approved by the boord of trustees and oulhorised for issue on .15 May 2026 and are signed on beholl of the board by.. DDcuSlgnEdby'. FlDcÉiA2$47￿] G D A Powell Trustee The notes on page$ 9 to 12 form part of Ihe$e flnanclol statement$. DoGusign Envelopolo. 0843E70E_9613.8656-818F.DE94D41E56AA THE G . F SMITH & SON CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2025 GENERAL INFORMATION The charity is a public benefit entity and a choritable incorporated organisolion registered with the Charity Commission in Englond and Woles. The oddress ol the principle ollice is G F Smith & Son (London) Lld, Lockwood Street. Hull. HU2 OHL. STATEMENT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102, 'The Finoncial Reporting Standard opplicable in the UK ond the Republic ol Ireloncl,. the stolemenl ol Recommended Practice opplicable lo chorilies preparing their occounls in occordance with the Finoncial Reporting Standard applicoble in the UK and Republic ol Irelond IFRS 1021 Icharities SORP IFRS 10211 and the Chorilies Act 2011. ACCOUNTING POLICIES (a) Basls of preparallon The linoncial statements have been prepored on the historical cost basis. as modified by Ihe revaluation ol certain linanciol assels measured al lair value through income or expenditure. The financial statements are prepared in Sterling, which is the functional curiency ol the entity. The charity registered on 22 November 2023. As o result the comporolive financial statements hove been prepared lor the period 22 November 2023 10 31 October 2024. Therefore the prior period figures are not directly comparable to the current yeor. (b) Golng concern The Trustees have prepored these financiol statements on o going concern basis. Ihere ore no materiol uncertainties about the charify's ability lo conlir)ue. (c) Fund accounllng Unrestricted funds are available lor use ot the discretion ol the Iruslees to further ony ol the charity's purposes. Restricted funds ore subjected lo restriclions on their expenditure declared by the donor or through the terms ol an appeal. ODGUS￿n Envelope ID. D843E7DE-g6l3￿6s6.8l&F.DE94D4lE56AA THE G . F SMITH & SON CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (cortlinued) YEAR ENDED 31 OCTOBER 2025 ACCOUNTING POLICIES (¢onlinuedl (d} Incomlng resouices All income is included in the stolemenl of financial activities when entitlement hos passed lo Ihe charity, il is proboble that the economic benefits ossocioled with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are opplied lo particular categories ol income. income from donotions or grants is recognised when there 15 evidence ol entitlement to the gill, receipt is proboble and it5 amount can be measured reliably. income from lundroising activities is recognised when the charity Is legally entitled lo the income and Ihe amount can be quantified with reasonable accuracy. (e) Resources expended Expenditure is recognised on on accruals bosis as a liability is incurred. Expenditure includes any V AT which cannot be lully recovered. ond is classified Under heodings ol the statement ol financial aclivilies. Liabilities ore recognised os expenditure a5 soon as there is a legal or constructive obligation committing the charity lo Ihol expenditure. il is probable Ihol selllemenl will be required ond the amount ol obligation can be measured reliably. DONATIONS AND LEGACIES Unrestricted Total Funds Unreslricled Total Funds Fund5 2025 Funds 2024 DONATIONS Donations 6.595 6,595 39,914 39.914 OTHER TRADING ACTIVITIES Unrestricted Total Fund$ Unreslricled Total Funds Funds 202S Funds 2024 Fundraising activitie5 2,172 2,172 INDEPENDENT EXAMINATION FEES The independent exomination lee 15 borne by a related entity. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Tolal Fvnds Unrestricted Tota1 Funds Funds 2025 Funds 2024 Grants payable 9.939 9,939 io- 0￿$￿n Envelope ID. D843E7DE-9613-8e56-818F-DE94D41E56lk4 THE G . F SMITH & SON CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (conllnued) YEAR ENDED 31 OCTOBER 2025 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Gront funding ol Total funds activities 2025 Total Ivnd 2024 Grants payoble 9,939 9,939 ANALYSIS OF GRANTS Period from Year lo 22 Nov 23 10 31 Ocl 25 31 Oct 24 GRANTS TO INSTITUTIONS The 8ank ol Dreams and Nightmares Foundalior) Pres5 Case Troining Hull The Experimentarium 5.000 2,500 1.689 750 9,939 Total grants 9,939 10. TRUSTEE REMUNERATION AND EXPENSES No remuneration. expenses or other benefits from employment wilh the chorily or o related entity were received by the trustees. 11. DEBTORS 2025 2024 other debtors 6.595 12. ANALYSIS OF CHARITABLE FUNDS Unrestrlcled funds At l November 2024 Al 31 October 2 025 Income Expenditure General funds 39.914 8,767 19.9391 38,742 Al 22 Novembe r 2023 At 31 October 2024 Income Expenditure General funds 39.914 39.914 DoGusFJn Envelope IO". D843E70E.9613-8658418F.DE94D41E56AA THE G . F SMITH & SON CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (conliftued) YEAR ENDED 31 OCTOBER 2025 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Total Funds Funds 2025 Current ossels 38,742 38,742 Unrestricted Total Funds Funds 2024 Current assets 39,914 39,914 14. RELATED PARTIES During the year, the charily received o donation from a company in which some ol the Iruslees are directors, lotolling £6.595 12024.. £39,914). This hos been included 0$ o donation during the year. An omounl of £6,595 was still receivable at the yeor end and is included wilhin debtors. 12-