ST NAZAIRE RAID MEMORIAL TRUST AnnuaL Report and Unaudltad Fin8n¢i8lStstementsforthe period from Incorporntlon on 20 May 2024to31 March 2025. R•gl•tsr•d ChAty numb•r St Nazair¢ Raid M8mori81 Trust 1$ 8 ch8ritsble incorporated org8ni88tlon ragistered wlth th Charity Commission in England and Wales under charw registration number 1208309. Tru•ts•• Keith Best TD MA (Chair) Nicholos Beattie Alchard Holm8n FCA Ann Mitchell Stephèn Pryd6 Dr Dd Arnott Mal J8me8 WIln-whItfj Jon8thon Rooke Appolnted 20.05.24 Appointed 20.05.24- Resigned 10.09.24 Appointed 20.05.24 Appointed 20.05.24 Appointed 20.05.24 Appolnted 06.11.24 Appolnted 06.03.25 Appolnted 08.0525 l•torod offlc• 20 High Street. Toft, Cambrld8e¥hlre C823 2RL Bankorn CAF 88nk. 25 Kings HillAv•nu8. Kiny HilL W8#t Malling. Ként ME19 4TA W•b•ft• s:Il¥tn0Irer&1d.o
ST NAZAIRE RAID MEMORIAL TRLIST Annual Report and Unaudited Fingncial Statements forthe period from incorporation on 20 May 2024 to 31 March 2025. Contsnts Annual Report Chair's foreword Rèport of the trustees Indop•nd•nt •xamlnor* r•port Flnanclalotot•M•1 St8temont of financi81 activit189 BaL8nce sheet Not88 to the unaudited financial statem6ms 10
ST NAZAIRE KMORLIL TRUST 2024to31 March 2025. l am d8ilehted to lot tyJtthl8 Ilrst rn0n tjthlf d tITns(Atho St Nazalro Rdd Mam181T1l charitywasofficlotyfvrmed as an Ifx8tedC1Wlts1A0 0ry8nlz8tlcffiOCOI on Me 2024. The Tre immedately Set 8lJxrt the ennI and WeratIOn kn th8 d8818ft And constrtilof 8 MIrt•nt momfxlaltD aUthoJewhotcrf>kpgrt Inthe 1942 R81d. PlannlrY4 F1801< wa8 wanted on 31" JaMry 2025 a1 c(XW8rt WO8 rn¢8lvod from the N8tlon#lM•miwlJlAftx>retum forthOm•maltQb• on ItB 8it8etAiy•wo8.8t•ttor<lr 8ut1ecttoth8tsmOfa detsll8dafftmort.FMISIWe8tn[tlSd.{cato1ThV1tlJ8a In May 2025theTrwtwa8 d81ithted to b8 o wl)8tsrt18i fm ts Herftsq8 Fu for thg e(kncationol of the woAecL Tho Trustw havo grjtlfied to 80 muth SUPPCrtt trom manySowce$irtl11ng donatlomln of thB ateelwork38rKI other comKM)nent part8. Pi8n8 aro In placo for of th• m•mOrlilthrou8hwobBI dlqtt and other mearAof communlcotlcrn 88 lI a•frYtho edatIonal pha Th8 Trust h88 airnaty ral8ed the I1 oeedod4x tha mem¢xl8L K contracts havo bg 5Aa¢ed and wc on site stsrted in Sewernbei 2025. Keith 8estTD MA Cknlrof TnKqtee8 11 Octobar2025 • Opornlkn Cl•rfot Momorfai W (Ocfvv 18 18d ty Ihè * P&z*o R8hl Inrfal Tnrt a charity
ST NAZAIRE RAID MEMORIAL TRUST REPORTOFTHE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2025 Thetrustees presenttheirannual report andfinancial statements of tha ch8rityfortheyeBr ended 31 Mgrch ?025. Th8fingnci81 statements have been pr8par8d in 8ccord8nce with the accounting poIi¢i$s 8Otout in note 1 to the accounts ond ¢omplywtth th8char[S Memorandum and Artbcl8S of Association, the Ch8rities Act 20118nd Accountlng and Reporting by Ch8rities: Ststement of Recommended Practlce appilcable to charities preparingtheir accounts in accor(Jance with the Financial Reporting Standard 8ppIic8bl8 in the UK and Republic of Irei8nd published on 0110112019. Hl8tory The St Nazoire Socl6ty18 8n unincorporated 888OCiOtion ot Telatfves 8nd othar Intsrested person¥ of the "charSoteer8" the membeT¥ of 811 threa am8 of the fighilng ¥ervico5 who took p8rt in Operatlon Charlot, whlch h88 been de$crlbed 8$Yhe gr88tsst raid of 8Li". The raid wa¥ on the dry- dock and 888ociated f8¢11ities in German hands at St Natsiro on 28" March 1942, and it resulted in the award offive Victoria Cross68 and 8 tot81ot 140 decorations forgaLiantry. Evoryyear, on tho 8nniv8r88ry, th81818 8 commemoratlon at St Nazalre generously hosted by the cNic 8Uthoritios wtth the L8ylng of wre&th3, ¥PcheS. P8r8de and h08pitality. From the SocletyS discussion8 8m8nated the ido8 of a permanènt memorlal to the raid and on 20 May 2024 8 charitable incorporated ory8nls*lon. the St Naz81re Raid Momorl81 Trust. was reglstgrad wr<h tho Charty Commlssion Ino. 12083091 RovlawotA¢tlvltl•• This report cover8the initi81 perlodftomthe Incorporatlon of theTru8ton 20May 2024 to 31 Mar¢h 2025. Momoflal The building and installation of tho m8mori818t Nation81 Memorial Arboretum in Stafft)rdshiro h88 gtsrted and should b& Completed ty earty- mid November 2025. It wiu be immediately open to visrtors io the Arboietum although the d8dScatlon ceremony 1$ not until 2027, which is thg 85th 8nnN8r88ry of Operatlon Charlot. Edu¢atlon programm• Therè are $8ver81 element8 of the programme. A new hl8h functloning websit¢. This 18 in development and should be publishgd within 2025. It will include sever81 online irbt8raetrve and educational'games. for year 6 and year 9 students. Enrichment Workbooks afe being developed for these same ¢ohorts, and they WILL be avail8bl8 onlinè and in hard copy as resource8forte8chers. A series of edUClon81 talks al the Raid and the lesson5 leamed are p18nned. Two h8ve been delivered and we ara currently laying plans for 2026. A popup exhlbltlon for militsry and other shows is in deveLoprnent. Three are planned for 2026.
ST NAZAIRE RAID MEMORIAL TRUST REPORTOFThE TRUSTEES FOR THE PERIOD ENDED 31 MARGH 2026 (oort'd) Educallon programm• Icont'dl A social media strategy has been developed. and implementatlon wliibegin 8honiy.The oim Is to 8ignlfic8ntly In¢r88$e the rea¢h boyond those vtho are n8tur8Liy 8SSOCi8ted with Operatlon Chariot. Work h88 stsrted on c8taloguing 8nd digitising the archive8 and is expected to be complet6d by the end of April2026. Thty will be pL8ced in 8 dIteL repository and made accessible to everyone. We are curr8nily laying pi8n$ to ¢olLe¢t oral historias from 40 or more of the d89cendont8 of tha Ch8rioteers. They will be pL8ced in the same repo8ltOry 88 the archSv8s. Collection VAII stsrt in 2026. Dollvgrlng publ1¢ bonofft In piannlng the Trust* actlvltlesihetrustees glvefiJllcon8lderatlontO Ihe duti88 set out in section 17151 of the Charitios Act 2011 to hovo due regard for public benefft guldance pubU8hed by th& Charity Commission. ObJ•¢ts The charitable objects of the CIO are"The promotlon of good cltizenshlp tor the publi¢ benefit through the buildin8 and m8intenènce of a m6morial. and associated education818ctivitlg9, to p8rp8tuaté the m8mory ofth8 men of 811 thre8 s8rvic88 who mountèd and supported the T8id on St Naz81re on 281h March 1942.. The trustee8 gre confidorrt th8t the Trust's aims and objectiVg5 fv1fi1 the critsria and thoy do not 8ntiCiP8tethat any of the charty's activitles wlulau outside the stat6d oblects. Structur•. govamancè and man•gom8nt The CIO is governed by it3 trustees. The constitution of the Trust requires there to be a minimum of live truste8$ 8nd 8 maximum of ten. The names of the seven cuff8nttNstees are sei out 8bove. At all timo8 the majorty of tru8tee8, while they may be members, cgnnot be office holder? in tha St N8zaire Society. No trustees receive any form of rernuneration or benefft from the charrty and no paid staff are employed. Govornlng dooumonts The St Nazaire Raid MemorialTtust is 8 CIO registeredwiththe Chartty Commission. It i3governed by Its Con8tltutlon of 20th May 202a. Th• charity number is 1208309. The Clo's greg of gctNity yg exclusivelythe UK. Trnstees Trustees are identrfied through existing nerks. They ere selected and appointed bythe Board. In selecting trustees, the Board pays regard to the balance of skiLL8 and experience required. the need for c8pacity to develop th8 charty. tho nèod for continuity, and the public b8n8fit rèquireménts of charity ststus. The trustees take on specifit man8gèm8nt r8sponsibilities Bs requi18d 8nd 8ccordingtotheirskiUs and experience. Alisignificant decisions aretaken bythe fuLI Board of Trustees.
Rl•k mana•Mrt The twytees have cOndted a rvéiow of thB major rf810t0l1th0 charlty Is 8xpo8ed. The8 rl8k8 are monltored toU010ut thg yeo18nd 14)tst8d annuguy. A rl8k reer is load to supwrt thls. INh•re apFwiaty system$or procedureskne been oststAlshedto mltlgete the rlsk3 charltyfac05. w¥1 the management of rf8k8 18 lIned 8Nwowlatg tJLL8tM Regard88 cl who man8qe8 the iisl allrlsk8 8¥e rn&0d lo the Board k6y rtgk¥ 8¥ae880d at 6a¢h meeti Plo bono •upPo¥0t••rn ld h In klnd The St NaZalreRaSdmem1&lTTU8tach1evesmty8thènwbu expectedof8charityof It881zo th8nk3toth8 Gommltment of itstNstees and tothrkm ot 1XysuPp. FlnwbolalRvl4¥v Tho achleveMant$alrOth91ma0tth&TlLtythsvab8 madopo8dlAèlhanksto meryvery enalknd thoTntto ralse the11 amwrt roredth• ConthOn olthe memorial. t)urfn8th• p•rfod to 31 M#Teh2025,t(rtal lnc(rnaMw1O£l2S,32Q4nd expndltwoc to £8.908.Alldon8tlorffj and 8t8ntswere wYe8trt¢teill800 Not81 Ak Thé wrplu8 on unra#trlc nd8 of £116.41218 lxingaw'Qd in currentyeartothe ConstOn01 tho memorfalatt NatI¢lMOm0rla1Artr8tum InSt8fftKdthr& Neta888ts at 31 March2025m41nlycon6i8ted C88h {£105K)81 GIftAld tsx T8co4ernblo (£122021. R•1• pouay TheTruBVB Inltlal otsJ•ctfv• l•to corN1Ft tho m•morlai. SuffiaentfwKIB hav• nrth bean ralwj forth18P8rtof the wolect. txrtthgtnj8tee8havetIIta 1096c(•rvwo0n1ThlOthefund1 t8rget.Allfuturemalnten8ecostswlllbe m¢ttylheNatlcThi MemorlalArt)rthlnreturnfoY 8 one4lp8ymerrtthat i8P8rt ofth8ilwKtra1slrg8t.80th8tru3t0e¥1UtUre U8bllltlo8 Inrnsixt orth• mom<¥l8lwlll not re(wFrn th8Tntto malrrtaln a lant r6seThe fwKI. Th8 second obJoCtlve1s the a<On wOqrnMm the co9 of vthleh arn nrfftN 97% ¢cvpredthg grant 8wanlod ty the NatiLmal Lottery Herftage FLwKI.The Trust will 8n3ure that it hold8 wfficlent reserve8tomèet itsrequlTed¢rrfrtrilxrtkntothe progr8mme8ndth8trustéesIIl almto t1 £20.(XJJof uncommlttedres8rye8.*ChsL1lav8[I8b1eto0rthan¢8th8 educatic Dat&. l¥ cxlknj 2025
I reportto thetnffjt¢eson myexamlthof trKfinandal smementsofthe stNaIre Rald Memorkil Trust (the drity) fDrthe period end 31 Marth 2025. whKth •reset outon PaBes 8t0 14. RE5PON51BILmESAND BASISOF REPORT As the tnle¢S ot tt charrty. you are forthe weparatkn of the fThndal SiateThnts In accordarKe wTrth the requlreThnts of thè Ctrorltles Art 2011 lthe 2011 Art). I report In respect of my examinatK>n of the dwrivs Ilnancwl stateents carrled out under stttk>n 145 of the 2011 l£t, and In carrylbvd Out my examfinat, I ha followed all the apkable Olrertions 86ven by the Charlty Commtssion under secft 14515llb) of the 2011 ACL An lThJependent examSnatlon does Th)t InvokE8atherkng authe e¥kIen that would be requlred In an audkand torwuenttydoe5 M>tco¥eraM the matters thatan audtrconskter5 In8fvlnB thelroplnlon on the flnanclal statementk Tr plann and cornlurtofan alit80e5 belnd the Hmlted )wrance that an SndepeThJent &Yamlnatbn un wovlde. cuenty, l express Th) ot¥nknn as to whether tt f5nan¢knl statements present a 'true falr and my report Is lknlted to thos• sptclfit matters set out In the Independent exam1$ stateL INDEPENDENT EXAMINERS STATEMENr I have completed my eXamInaOn. I conllmi that materfal matters have come to my attentlon, In conne¢tk)n wlth the Exambnatlon. g1¥5 me reasonable ¢Juse to beleve that in any mater5al respect accouniin8 cord$were Mt kept In respect of the tharlty as requlred ty sectkn 130 of the 2011 Act: or the finandal ststemerts do not xo)rd lth those records," or the flnancial statementsdo notc0mptyt applkable requlrnm•ntscontftthe ft>rm and content of financlal statements set out In Charl5 lAc¢oW and Reports) Regulatlons 2OJ8, other than any requlrement that the fina131 statements8re a'tn and falrvw, whlch b rlot a matter consklered as part of an Independent examlnatlon. I have no concerns and have t(kn •cross rw) other m•tt•rs In COM•rtbn wlth th• vAamlnatlon to whkh attention shoukl be drawn In thts relrt In order to enab a pmper ThJIng of the fiftancial ststementsto be reachÈd. Sl8ne Name: Edul Avart B.Com. MMT Name of appllcable Ilsied boty. Assodètk>n of ACmuntI Technldans Relevaftt prnfesslor411 quallfkatlon ormemberthlp of professbnal b¢*: ACcounth¥Ted5dan On behalf of E J Avarf & Co Ltd. 178TWord Road. Harn)w. Mkldlesex HA2 CSN Datéd: 14 O¢tober2025
ST NAZAIRE RAID MEMORIAL TRUST Ststome otfln8n¢lala*Jtlvftle8 Forthe riOdfrOm 20 M•y2024to 31 March 2025 Unrestrfcted fund• In¢omlng rogource• (Not• 3) Incomofrom: Donations and grants B8nk int8r88t Total 124.813 507 126.320 Re8ource# expond•d (Not• 4) Expendlture on: Raising funds CharSt8ble actmtles Governance Totsl 4,073 4.335 500 N•t mov•m•nt In fund• 118.412 R•¢on¢llladon ollund8.' Total funds brought forward Total fvnda carrf•d lon¥•rd at 31it March 2020 116,412
At31 Mwch 2025 Dgbtor8 {Note 61 Cash at tw8nd In Mnd Tot•1 euffent8ss•ts 12.202 104.992 117.194 Cr•dltor•: •nounts fthith••thkn on•>ww INots 7) rot•ln•t•M•e• 11412 Fund• otth•Ch¥lty UnrMtrl¢>l•d fund• 116A12 114412 The ftnanel81 st8t•montsw•rn apw•dtytho boord 0ftsta0• arAut•I86d for i88U8 on l&. O¢tobof 2025 si•ied on ithalf of aL1th81n888 ty: Keith 8gSt (Chairl Richard HfAman ITrna8ww)
ST NAZAIRE RAID MEMORIAL TRUST NO toth• UnaudIt flnanclal 81atam•nts Forthe perlod from 20 May2024to 31 March 2025 Note 1 Basls of preparatlon 1.1 Bas1¥ ol a¢countlng These accounts hove been prepaied und6r the historical cost convention wtth items recognised at cost or tran8a¢tion ¥aluo unless otherwise stated in the rel8V8nt notelsl to these accounts. The accounts havo been prepared in 8¢cordan¢evthh: the Statement of Recommended Pr8Ctice: Accountlng and Reporting by Chorrties prep8ring their accounts in aecordance viith th8 Fingncial Reporting Standard applicablg in the UK and Republlc of Ire18nd IFRS 1021 issued on 16 July 2014: and wlth the Fingncial Roportlng Stsndard appucabie In the Unlt8d Kingdom and Republi¢ of IreL8nd IFRS 1021 and with the Charities Act 2011. Th8 charlty constltutes 8 publlc bonefh ontlty as d8fin8d by FRS 102. 1.20olng¢ono•rn The charity relies on gr8nt and donation income to meei Its exp8n888. We have two PTim8ry oble¢tive$: to cre8tg 8 permangnt mgmorial tt) the raid on St Nozalre in March 1942 8t the National MemorlolArboretum. to provide 8 pfogTamme of Inforrn8tion and education bagad on tho rakl for 8 minimum of five years. At the timo of preporation of the88 fln8ncS8l 8t8tement8 the tru8t888 Vre ¢onfldent th8t tha funds rgisgd for the building of the memorialwould be 8uffici8nt to cover the full e03t of the project. barring $i8nifi¢ant unfore$een Snags. In May 2025 Ihe Trust receNed the flrst 5096 tr8n¢he of • grant from The N8tion81 Lottery Herit8ge Fund which covers 9796 of the budgetèd Cost$ of thg information 8nd gducation progr8mme, which s18rted in June 2025 and 1$ funded for three years. Thetrustees do nottake on financ181 commitments untiithey are satlsfied that the charity has sufficient funding in place to meet the relevant costs. The truste88 are thereforo $8tSsfied that rt 1$ 8ppropri8tO to proparo the accounts on a golng eoncein basis. 1.3 Accounllng pollcy The accounts present a true and fair view and tho accounting pokncia8 adopted are th08a outlined in thi$ noto 1. 1.4 Dofinitlon otlundg Unrn$trl¢tod lund$ arg avaliaOLe for any purpose conslstent wtth the Object08 of the charity. R•strlcted fund¥ are subject to limitation5 set by donors on the purposes for which they can bo 8ppli¢d. Th¢ Trust feceived no restricted funds in the 8ccounting p8riod. The gr9nt foi th8 information end education progr8mme. received in the current year, is being treated a3 restricted. 10
ST NAZAIRE IiAID MEMORIAL TRusr Noie8 to th• un•udlted fin•n¢lal ¥Qatements l¢ontd) Forthe p•riod from 20 May2024to 31 March 2025 Not•2 2.1 INCOME Accountlng poU¢l•• The rt)llOng&ccOunrlngp0IlcIa$ have been 8ppli6dbythe ch8rlty.' R•¢ognltlo ol Income 18 included in ihe Statementof Fin•nci8lActivities ISOFAI when: Incomo the ch8rlty becomes antfti6d to the resources; it 18 more likely then not thatthe trustees will receive the resources: and the mon8taryvalue c8n be measured wtth sufficient retsability. Off8ettln4 There h88 been no offsetting of 8SS8ts and Ilabilitle5, or income and exp8nses. unle$$ required or pemiitted by the FRS 102 SORP or FRS 102. Gr•nt• donatlon• and Grant$ and donatlon8 are only Included in the SoFAwhen the 88neTal Income reco8nltlon criteria are met15.10to 5.12 FRS102 SORPI. Tax r•ct•lm• on Grft Aid receN8bla 18 in¢Luded In Income whén thoro18 8v8lld d8cL8r8tlon from donallon• and thé donor. Any Gift Ald amount recovered on 8 don8tlon is considered to be glft• part of that 8rft and Is tre8ted 88 8n addr(lon to the same fund 83 the initial don8tion unless ihe donor or the terms of the appeal have specifigd otheTrvise. Thls 18 only included in the SOFA once the charty ha$ Pfovidod the re18t8d goods or 8eryice8 or metth8 pèrformance reL8ted conditions. Donated g03 8re measured at tair value (the amount foi which the 8388t could be ex¢han8edl unte88 impract5¢81to do so. Goods don8tsd for on-going use byth8 chartty8re rgcognised 88 tangible fixed assets and included in the SOFA as incomin8 r8source8 when rec8iv8ble. Conlraetual Ineom• Don•l•d 0d• Gifts In klnd for use by the ch8rty 8re included in the SOFA 88 income from donations when feceNable. Vo(unt•er help Thevalue of any voluntsry help received is not included in the accounis but is described in the tru8tees' 8nnu81 report. Donated gervlces Donated services ond t8cilities are included in the SoFAwhen received. at the and faolUtIo¥ value of the gift to the chaTity. provided the value of the glft ¢8n be measured reliably. Donated services and facilrties that are consumed immedlateiy are recogniséd 8$ income 8n equNaient #mount recognised as an exp8ns8 undertht appropriate heading in the SOFA.
ST NAZAIRE RAID MEMORIAL TRUST Not•sto th• unaudft•d Iln•ncl•i Ststements (eontd) Forthe p•rlod from 20 M¥y2024to 31 M•rch 2025 2.2 EXPENDrruRE AND UABILrriES Llabiilty recognltlon gbiiltl88 ore rècognised where it is moro iik8Lyth8n notthatthere 1$ 8 legal or constwctive obllgation ¢ommittingthe chanty to pay out re80urces and the amount otthe obiigarion can be measured with reasonable certainty. Govemance costs comprige au ¢0gts involving pubuc accountability of the charity 8nd rts compiion¢e with regul8tion and good pr8Ctlce. Support costs include centrolfunctlon$ and. whon Incurred. are allocated to a1vty Cost categories on a basis consistent with the use of resources, 6.8. 81Loc8tlng stsff costs by the time Spent ond other ¢08t8 bytheir usoge. for A li8bility Is measured on recognition at it8 historical cost 8nd thèn subsequentty measured at the best estimate of the amount requlred to 8ettle the obligation atthe reporting d8te 888le Ilnanelal The charity accounts tor basic flnancial instruments on Initial recognition In•trum•nts as per par8graph 10.7 FRS102 SORP. Subsoquent me88uroment is 88 per pafagT8phs 11.17 to 11.19, FRS102 SORP. Govorn•nc• co$t• Support oo*ts Provlslon• 1SablUtIo¥ 2.3 ASSErs Tanglbi• fix•d Flxed 0$88t8 8re c8Pitakns8d rfthoy can bg u98d tor more than one year and •8Mts for u•0 by cost 8t Le8$t £1.000. charlty The Charity had no fLxe(18¥¥ets durlngthe roportlng perlod. Debtors Ilncludlng trade debtors) 8re me89ured on Init181 recognitlon at 89ttlement amount after any trade discounts or èmourrt 8dv8n¢ad by th¢ charlty. Subsequently• they ar¢ m8a8ured ot tho cash or other consideration oxpected to be received. D•btor• 12
ST NAZAIRE RAID MEMOIIIAL TRUST Not• toth• tsnaudit•d Ilnanclal #tstomonts {contd) Forthe porlod from 20 May 2024to 31 March 2025 Noto 3 Anal18 ot Income Donatlon and grants: logaolm t)onation8 and glfts GiftAd Grant8 provtdod byother charfties 102.611 12.202 10.000 124,813 507 Bank Intsr••t TOTAL INCOME 123,320 Noto 4 Anoly¥l¥ of expendlturo Fund r8ising Siie piannlng and preparatlon Insurance Govem8n¢o IA¢counts examlnation) B8nk charggs Mi$eellan8ou$ TOTAL EXPENDITURE 4.073 3.709 369 500 217 8.908 Not• 5 Employ• The Trust had no employee$ at 8nytime durlngthe a¢¢ounting period. Not• 8 D•btor• Gift Aid tax receable 12,002 Total D•btor• 12,002 Nat• 7 Cr8dltor• and ae¢rual• Amount•t•llln8 du• wlthln •n• y•ar Trade Creditor8 282 Accrued expenses TotaiCredStors and a¢cNals 500 782 Noto 8 Evpnts afterthe end otth¢ r•portlng poriod Since the end of the reporting period the Trust h88 received the firsttr8nche IS119K> of a 8r8nt fiom The National Lottery Heir(age Fund to suppon the 8duc8tlon and inform8tion programme. which will be18unched once the memorialto the R8id ha8 been built.
ST NAZAIRE RAID MEMORIAL TRV5T Not•stotho un8udftod flnan¢kni¥tatsments Icontd) Forthe p•rlodfrom 20 May 2024to 31 March 2025 Note 9 Tr8nsacllon¥ wlthtw8t•es and r•latsd parti•8 9.1 Ro&tsd parti•• The Trust h85 received consider8ble 8UPPQrt Irom m8mb8rs of the St Nazair8 Society, which was set up in 1946 to ensure th8tthose who did not return from the Raid continued to bo remember6d 8nd to PTOVi(Je reguior opportunltles to refresh the comar8derie ottho ¥urvfvors and theirfamilies. Two of the current trustees are 8L30 officgrs of the Society. Th8 Trust's con$iitution requir0$ ihe majority of truste¢8 to hove no fom81 rolo in the governance of the Socioty. 9.2 Tru•t•e remuner•tlon and fifft None of the trustees have been p8id any remuneralion or T8¢eived 8ny other ben8flts from the charity or ony Teiated eniity. 9.3 Tru8ieo8' oxpoii•e¥J No trust¢e expenses were Incurrod In the period. 9.4 Rolatod party tran$•¢tlon• There have been no retatod p8rtytransa¢tions In the r8porting period. 14