riuBl8nLTra1>th Ret. WS9Y-NTGV-BK2T 10 May 2026 21'.49..238ST (UTC +i}D 1r2 p 1rd3 Charity number: 203943 READING DISPENSARY TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 2123 READING DISPENSARY TRUST CONTENTS Pago Reference and administrative details of the charity, its Trustees and advisers Trustees. report and sources of applications Independent exarninerfs report Statement of financial activities Balance sheet Statement of cash flows 10 Notes to the financial statements
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 1123 READING DISPENSARY TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARifi. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees Mr Jeremy Moreton. Chair Mrs J Turton Mrs M Vale Mr Steven Pollard Mrs A Ballard, Vice Chair Cllr. R Williams. Nominative Ttustee Reading Borough Council Mr Mark Hallett, Treasurer Mr D Home, Vice Chair Ms Sally Utting Mrs Ruth Hampton {appointed 14 October 2025} Charity registered number 203943 Principal office 16 Wokingham Road Reading Berkshire RG6 1JQ Secretary Ms M Osbome Accountants James Cowper Kreston Chartered Accountants Apex Forbury Road Reading Berf(shire RG1 IAX Bankers Lloyds Bank pl¢ 25 Broad Street Reading RG12BT Stockbrokers Redmayne Bentley LLP ma(el Place House 43 Market Place Henley-on-Thames RG9 2AA Insurance Brokers Marsh Commercial Castlemead Lower Castle Street Brist BS13AG Page 1
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 4123 READING DISPENSARY TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their Annual Report together iwth the audited finanaal statement5 of Reading Dispensary Trust for the year ended 31 December 2025. The Tnjslees confimi that the Annual Report and the financsal statements of the charity mplY with the current 5ts1utory requirements, the requirements of the governing document, the Charities Act 2011, the Statement cf Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Repong standard applicable in the UK and Republic of Ireland {FRS 1021 leffective l January 2015)- Objectives and activities for th8 public b8n&fit The public benefit from the Trust's activities is substantial, wqthin the guidelines laid down by the Constitution. Grants are given for equipment and services not available through statutory sources to those suffering from physical and mental illness or disability, living within a seven-mile radius of the centre of Reading. Applications are received via caring organisalions, charities, loca councils. NHS departments, Citizens Advi. departments of Reading Borough Council. amongst others. A list of sources of applications is attached. Grant-making policy Applications are very varied, ranging from mobility th'kes and deep Cleaning to household items such as fridges. washing machines and flooring. Al applications require compliance wÉth the objects of the Charity for a grant to be awarded. Applications are assessed on a Month basis by a sub-committee of three members of the Trust. Since April 2020 these monthly meetings have taken Pla via Zoom. Full board meetings, which take place quartedy, are conducted face-to-face. Recently the Trust has been receiving urgent requests and they have been dealt wth outside the monthly meetings. Any appltiOnS over £600.00 are taken to the quarterly full board meeting for approval. In 2023, TTUStees also look the declslon to ask appllcants to conslder requestlng while gOS whlch are more ènergy efficient than the base models and are therefore more expensive. At the OctDber's full board meeting in 2025, Trustees decided to allow more than one application per client per year to the total of £600.00- previously dients could only receive one award per year. Achievomant and perfomianco review DurÈng the finanal year 53 grants were made to indtviduals 12024.. 78 grantsl- One organization received grant- Parenting Speaal Children received £600.00 to prowde outs'ngs for the children with whom they work. Grants lo individuals totalled £25,427.00 12024= £32.478.00} with the average individual grant being £499.01 {2024". £419.84). Awards ranged from £1,869 for garden clearance and astroturf to £260.00 for a washing machine. In 2025, the Trust shared 11 grants wilh Berkshire Nurses in Sickness and Relief amounting to £7,387.89, with an average award being £671_62_ In 2024 the Trust shared five grants wth Berkshire Nurses. The rn05t 5ignrficant award5 were for garden clearaTe and astTQturffrom Homestart. as well a5 five application5 for flooring from RBC. The three organisatFon5 which have submitted the nst requests are= Reading Borough Council 22 {30 in 20241, Launchpad 9118 in 2024) and Communicare 616 in 20241. In the past, every October the Trust has decided rf remaining income allowed them to make grants to local organisations. However since 2020 and the pandemic, the TNst has adopted a more ffexible approach and rf requested before October can respond to organyzational requests in a trmely fashion. In 2025, organizations requested organisational grant5.- Parenting Special Children which support5 parents th children with special needs and Reading for Good. PSC was awarded £eOO.00 for providing outings for the children. The application from Reading for Go(xl was declined as it was not specific enough in its supp1 for Reading children in hospital. Building Developmonts Followng a deasion to retain and redevebp the office lo provide a secondary source of income after redevetopmenl, taken at an Extraordinary General Meeting in December 2022. the trustees agreed that the chair should enlist the support of an architect and suNeyor. In 2023 the truslees considered the redevelopment from all angles, including the addition of an extra slorey lo maximize potential rental income, and decided that the office should be redeveloped to comply wth disabilty legislation. In 2024, Planning Consent was secured. The architect received Nvo tenders for the building worf< and a sub-committee was formed to progress the project and to ty to secure a third quote. Page 2
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 5123 READING DISPENSARY TRUST TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 The current Posiiion In 2025, the building sub-committee, compring of Chair Jerry Morelon, Anne Ballard, Michele Vale, Margaret Osborne and Sally Utting, who has subsequently sto(xJ down due to work pressures, has sought fvrther advice from surveyors and architects., previous building qUDtes did not address the same issues and were difficult to compare as a consequence. At an Extraordinary General Meeting on 25th November. trustees voted unanimously to progress Ihe building on to Ihe preplanning stage and lo seek two more quotes Ini architects. Financial Review The source of inrne for the Trust 15 from its inve5trnents. this income has to cover both the running costs and granl-making activities. During the year under review administration costs were kept under control and income compared well wth previous years. At the year end £1,598,46712024.. £1,505,037) of resetves were held. Investment Policy The chafity has an EndowTnenl and General Fund and under its governing documents can use all its income from bolh fvnds in achieving its d)aritable objectives. As such it is important that Ihe Charity maintains the value of its inveslments in real terms and that income increases. Therefore the Charty is a long temi investor and the investment objective is a balanced return from income and from capilal growth. Investments are managed by professional stockbrokers, but all decisions as to pu'chase and sale are made by the t¥ustees, after considering appropriate advice. Risk Managem8nl The principal risks faced by the Twst lie in the performan(* of investments and the capacity of the Trust to make effective grants. Suitable insurance is maintained in respect of the CharlS property. Reserve5 Policy The trustees consider that the income received is suffic¢ent to fund the payment of grants and administrative expenditure. The trustees consider that the cash at bank and monies held on deposit represenl working capital available for such expenditure and conlingenaes. Structure. governance and management The Trust is a registered tharity, number 203943 anj is conslttuled under Scheme of the Commi5sionets dated 31 December 1975. New trustees are appointed by the existirsg trustees and serve f¢x 5 years after which they may put themselves foNard for re-appointment. The scheme provides for a maximum of 14 Truslees. one of whom is a Nominative Truslee appointed by Reading Borough Council. The Iruslees meet quarterly to discuss activities of the Trust and to approve any grant applications exceeding £600.00. The day-to4ay administration of the trust is undertaken by the clerk, who is employed part time. In July 2025, the Trust appointed a new ITuslee, Mrs Ruth Hampton. During 2025, the Trust all aLrthorized the production of a new history of the Trust by local historian Malcolm Summers. Key Manag8m8nt The trustees consider the board of trustees and the derk as the key management personnel of the charity in charge of directing and controlling the charity and running the charity on a day-toQay basis. All trustees give their time freely and no trustee remuneration was paid in the year. In July 2025, Ihe Trust appointed a new trustee. Mrs Ruth Hampton. Page 3
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p w23 READING DISPENSARY TRUST TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 SOURCES OF INDIVIDUAL APPLICATION8 2025 12024 in bracketswhere applicable) BERKSHIRE VISION COMMUNICARE 1 11) 6 161 HOMESTART LAUNCHPAD 9 118) MENCAP 2 131 READING SOCIAL SERVICES Brighter Futures for Children Housing Support Swal Inclusion 12 {141 9 13) RVA SOCIAL PRESCRIBERS 5 17) SAGE HOUSING STEPPING FORWARD STOP DOMESTIC ABUSE TORCH HELP HUB TRANSFORM HOUSING 1 {21 WEST BERKS SENSORY UNIT 1 {1) The following dhd not submit applications for 2025, but did so in 2024.. GP soal Prescriber, Universty Medical Practice., West Berks Physiotherapy Service; Wokingham United Charities: Women in Prison,. W(*ingham Mental Health Trust Page 4
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 7123 READING DISPENSARY TRUST TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 GRANTS TO ORGAN13ATION8 2025 Parenting Special Children £6C#).00 Details of Awards to Individuals 2025 (2024 In brackets wheTe applicable) 2025 Washing machineslwasher dryers 16 115) CarpelslFlwring 13 16) Fridge Freezers 8 19) Beds and Mattresses 8 18) Cookers 7 131 Fumiture (Wardrobes. tables and chairs. chesl of drawers) 5 {61 Oven 4 12) Garden dearance 2 111 Moving costs 1 121 Tumble dryers rfyer 11) Astroturf Swimming lessons Front door Microwave {1} Page 5
vnHILreTranath Ref. W$9Y-NTGV.BKzf 10 May 2026 21A9238$T ILrr¢ +11 D 112 P& READING DISPENSARY TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees. rosponsibilities in Rolation to the Financial Statements The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and lo enable them lo ensure that the finanaal statements comply with the Charities Act 2011, the applicable ChaTlties IAccounts and reports) regulations, and the provisions of the governing documen*. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order ofthe members of the board of Twstees and signed on their behaff by". Jc Mr Jeremy Moreton {Chair of Trustees) Date= 10 May 2026 Page 6
riuBl8bJnth7Trarwathi Ret. wS9YGV.8lT 10 Ilay 2026 21'.49..238ST (UTC +1}D 1r2 p READING DISPENSARY TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Independent Examinees Report to the Trustees of Reading Dispensary Trust {'the charity) I report to the charity Trustees on my examination of the accounts of the chanty for the year ended 31 December 2025. Responsibilities and Basis of Report As the Trustees of the charty you are responsible for the preparation of the accounts in accordance with the requirements of the charikn.es Act 2011 Ilhe 2011 Adl. I report in respect of my examination of the charit$ accr)unts Caled out under section 145 of the 2011 Act and in carying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515)Ibl of the 2011 Act. Independent Examinoffs Statamant Your attention is drawn to the fact that the charity ha5 prepared the accounts in accordance wth Accounting and Reporbng by Charities.. Statement of Recommended Practice applicable lo charities prepartng their accounts in accordan wth the Financial Reporting Standard applicable in the UK and RepLiblic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Chanties.. Statement of Recommended Practice issued on 1 April 2005 1$ referred to in the extant regulations but has been withdrawTt. l understand that this has been done in order for the accounts to promde a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection wtth the examination giving me cause to believe that in any material respect.. accounting record5 were not kept in respect of the charity as required by section 130 of the 2011 Act. or the accounts do not accord with those records.. or the accounts do not comply wth the applicable requirements conceming the form and content of accounts set out in the Charitie5 (Accounts and Report51 Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this Teport in order lo enable a proper understanding of the accounts to be reached. This report is made solely to the charitys TrusteEs, as a body, in accordance wth Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the chariVs Trustees those matters l am required to slate to them in an Independent examinerfs report and for no other purpose. To the fulle51 extent permitted by law, I do not accept or assume responsibilityto anyone other than the charity and the charity's Trustees as a body, for my work or for this report. Signed-. Dated: 11 May 2026 Darren O'connor Bsc IHons) ACA FCCA James Cowper Kreston Charter&l Acccmjntants Apex Forbury Road Reading Berkshire RG1 1AX Page 7
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 10m READING DISPENSARY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Endowment Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Incorne and endowments from: Investments 54.351 54.351 58,406 Total income and endowments 54.351 54,351 58,406 Expenditure on: Raising funds Charitable activities 6,947 43,409 6,947 43.409 6.135 52.498 Total expenditure 50,356 50,356 58,633 Net incomellexpenditurel before net gains on invastm&nis Net gains on investments 3,995 23,231 3,995 89.435 12271 22.017 66.204 Net movement in funds 66,21M 27,226 93,430 21,790 Reconciliation of funds: Total funds brought forward Net nN)vemenl in fvnds 786,167 66.204 718,870 27,226 1.505.037 93,430 1,483,247 21,790 Total funds carriod forward 852.371 746,096 1.5g8,467 1,505,037 The Statement of Finanaal Actiwties indudes all gains and losses recognised in the year. The notes on pages 11 to 21 fomi part of these finaal statements. Page 8
vnHILreTranath Ref. W$9Y-NTGV.BKzf 10 May 2026 21A9238$T ILrr¢ +11 D 112 P 11rd3 READING DISPENSARY TRUST BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Note Fixed assets Tangible assets Investmonts 75,000 1.335,052 75,000 1,251,905 10 1,410.052 1,326,905 Current assets Deblors Cash al bank and in hand 11 3.508 187,790 4,180 176,942 191,298 181,122 Current liabilities Other creditors 12 12,8831 12,9901 Net current assets 188.415 178.132 Total assets less current liabilities 1,598.467 1,505,037 Total net assets 1,598,467 1,505,037 Charity funds Endowment funds Unrostrictod funds 13 13 852,371 746.096 786,167 718.870 Total funds 1,598.467 1,505,037 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by= Mr Jeremy Moreton {Chair of Trustees) Dale: 10 May 2026 The notes on pages 1110 21 fomi part of these financial statements. Page 9
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 121rJ READING DISPENSARY TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Noie Cash flows from operating activities Net cash used in operating activities 15 139,3951 171,8421 Diwdends. interesls and rents from inveslmentS Purchase of investments Proceeds from sale of investments 54.350 179.2421 75.135 58,406 164,4071 74,835 Net cash provided by investing activities 50.243 68,834 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 10.848 (3.008) 179.950 176.942 Cash and cash equivalents al the end of the year 16 187.790 176.942 The note5 on page5 11 to 21 form part of these finaal statements Page 10
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 131rJ READING DISPENSARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies 1.1 Basi5 of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 102) - Accounting and Repottng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffècts.ve 1 January 2019}, the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Charities Ael 2011. Reading Dispensary Trust meets the deffinrtion of a public benefit entity under FRS 102. Assets and liabili(ies are initialty recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2 Income All income is recognised once the charity has entiuement to the income, it is probable thal the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recthjnised at the time the investment income is receivable. 1.3 Incoming resources with related expend5ture Where incoming resources have related expenditure the incoming resources and related expenditure are reported gross in the Statement of Financial Activities. 1.4 Expenditure Expenditure is reci)Jnised once there is a legal or constructive obligation to transfer economic benefft to a third party, it is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lolal of direct costs and shared cost5, including support cost5 involved in undertaking each activty. Direct costs attributable to a single activty are allocated direcdy to that activity. Shared costs which contn'bute lo more than one activity and support costs which are not attribLrtable to 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 time spent. and depreuation charges allocated on portion of the asset's use. Expenditure on raising fvnds includes al expenditure incurred by the charity to raise funds for its charitsble purposes and includes costs of all ftndraising acttvities events and non-charilable trading. EXPeTltUre on charitable activllies is incurred on directly undertakiThJ the activities which further the charity's objectives. as well as any assocK4ed support rStS. Grants payable are charged in the year Mhen the offer is made except in those cases where the offer is conditional. such grants being recognised as expenditure Mthen the cond*tions attachir¢g are fuffilled. Grants offered subject lo conditions which have not been met at the year end are noted as a commitment, but not accrued as expendilure. 1.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity- thi5 is normally upon notificatii)n of the interest paid or payable by the institution th whom the funds are deposited. Page11
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 141rJ READING DISPENSARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies (Continid) 1.6 Tangtble fixed assets and depreciation Tangible fixed assets are initially recognised at C05t. After recognition, under the cost model. tangible fixed assets are measured at cost less accumulated depreciabon and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended worffing condition should be induded in the measurement of cost. Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value over their estimated usefvl lives. using the straight4ine method. Depreciation is provided on the following bases: Freehold propety Office equipment - Not depreciated 20% straight line 1.7 Investrnents Fixed asset investments are a fomi ol finanaal instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses. whether realised or unreali8ed, are combined and presented as 'GainsllLossesl on investments, in the Statement of financial activities. 1.8 Dèbtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayrnents are valued at the amount piepaid nel of any Irade dIntS due. 1.9 Cash at bank and in hand Cash at bank and in hand includes cash and Short-ten highly liquid investments with a short maturity of three months or less from the date of acquisilion or opening of the deposil or similar account. 1.10 Liabiltties and provisions Liabilities are recogllised when there is an obligation al the Balance Sheet date as a sU[l of a past event, it is probable that a transfer of ecC0M¢c benefit will be required in settlement, and the amount of Ihe settFement can be estimated reliably. Lia.11tieS are regnised at the amount that the ¢hanty anticipates it wll pay to settle the debt or the amount it has received as advanced pay7nents for the goods or services it must provide. 1.11 Financial instruments The charity only has financial a55et5 and finanaal liabilitie5 of a knnd that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their setuemenl value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.12 Fund accounting General funds are unrestricted fvnds wh'ch are available for use at the discretion of the Trustees in furtherance of the general objectives of the chafity and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. Page 12
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 15irJ READING DISPENSARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies (Continid) 1.13 Governance costs Govemance costs include the costs for the preparation and examination of the statutory accounts. 1.q4 Proparty Propety is not depreciated as it is included in the financial statments at open market value. The propety is subject to a professional valuation every five years and in the interveing years the valuation is based on the opinion of the trustees. Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors. including eXpectsti5 of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions= The charity makes estimates and assumptions concerning the fijlure. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. InvestmÈnt intome Unrestricted funds 2025 Total funds 2025 Total funds 2024 Dividends and interest Bank interest 51,662 2,689 51.662 2.689 56,194 2.212 54,351 54.351 58,406 Total 2024 58,406 58,406 Page 13
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 161rJ READING DISPENSARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Expenditure on raising funds Unrestricted funds 2025 Total funds 2025 Total funds 2024 Investment management fee5 6.947 6,947 6,135 Total 2024 6,135 6,135 Analysis of grants Grants to Organisations Grants to Individuals 2025 Total funds 2025 Total funds 2024 2025 Grants paid 600 25.427 26.027 33,878 Total 2024 1,400 32.478 33,878 Analysis of expenditure by activities Activities undertaken directly 2025 Grant nding of activities 2025 Total funds 2025 Total funds 2024 Direct Costs 17.382 17.382 26.027 18.620 33.878 Grants paid (note 51 26.027 17,382 26,027 43.409 52,498 Total 2024 18,620 33.878 52,498 Page 14
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 171rJ READING DISPENSARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Aijalysis of expenditure by activlties (continued) Analysis of direct costs Total funds 2025 Total funds 2024 Activities 2025 Wages and salaries offi running costs Propety costs Sundry costs Professional fees Insurance 8.713 277 8.713 277 8.239 2.194 40 2.194 40 2.859 5,717 404 5.717 6.969 412 Hall hire Profit on disposal 197 1160} 197 11601 141 17.382 17.382 18.620 Total 2024 18,620 18,620 Indepandant examinerfs romun8ration 2025 2024 Fees payable to the charitys irKlependent examiner for the independent examination of the chariws annual accounts 2.773 2,628 Page 15
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 181rJ READING DISPENSARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Staff costs 2025 2024 Wages and salaries 8.713 8,239 The average number of persons employed by the charity during the year was as follows: 2025 2024 No employee received remuneration amounting to more than £60,000 in erther year. Tangible fixed assets Freehold property Office equipment Total Cost or valuation At 1 January 2025 Disposals 75,000 1.260 11.2601 76,260 (1,260) At 31 December 2025 75.OIKI 75.000 At 1 January 2025 On di5P05als 1.260 11.2601 1,260 (1.260) At 31 December 2025 Not book value At 31 December 2025 75,000 75,000 At 31 Dec*mber 2024 75,000 75.000 The propety at 16 Wokingham Road was revalued at £75,000 on 6 March 2019 by a local estate agent taking into consideration lo property market value5. The trustee5 are in agreement wth the above valuation. The trustees do not believe the market value changed materially bebveen 6 March 2019 and 31 December 2025. Page 16
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 191rJ READING DISPENSARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 10. Fixed asset investments Listed imiestments Cogt or valuation Al 1 January 2025 Additions Disposals Revaluations 1.251.905 79,242 175.135) 79,040 At 31 December 2025 1,335,052 Net book value At 31 Dember 2025 1.335.052 At 31 December 2024 1,251.905 Material inve5trnents Investments held which constitute 50A or more of the total value are as folSows-. 2025 2024 Ardeen Asian Irtcome Fund 82.500 70.602 158.085 76.891 123.137 Allianz Technology Trust CCLA Investment Management Ltd- investrnenl income BNY Mellon Fund Managers Limited M & G Investment Fund for Charities 88.800 150.518 87.021 144.474 11. Debtors 2025 2024 Due within one year Prepayments and accrued income 3.508 4.180 3.508 4.180 Page 17
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 20m READING DISPENSARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 12. Creditors: Amounts falling due within one year 2025 2024 Other Creditc5 2.883 2,990 Page 18
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 21irJ READING DISPENSARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 13. Staternent of funds Statement of funds - current year Balance at 31 Gainsl December (Losses) 2025 Balance at 1 January 2025 Income Expenditure Unrestricted funds General Funds- all frjnds 718.870 54,351 (50,3561 23.231 746,096 Endowment funds Endowment Funds- all funds 786.167 66.204 852.371 Total of funds 1.505.037 54,351 (50,3561 89.435 1.598.467 Statement of fund5 - PTior year Balance at Balance at 1 January 2024 31 Transfers inlout Gainsl ILos5esl December 2024 Income Expenditure Unrestricted funds General Funds- all funds 730,333 58,406 (58,633) 29 111,2651 718,870 Endowment funds Endowment Funds- all funds 752.914 129) 33.282 786.167 Total of funds 1,483,247 58,406 {58,633) 22.017 1,505,037 Page 19
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p 221rJ READING DISPENSARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 14. Aijalysis of net assets between funds Analysis of net assets between funds - current year Endowrnent UnTe5trictsd funds funds 2025 2025 Total funds 2025 Tangible fixed assets Fixed asset investment5 Current assets 75,000 777.371 75,000 1.335,052 191,298 (2.883) 557,681 191.298 {2.8831 Creditors due within one year Total 852,371 746,096 1,598,467 Analysis of nol assets between funds- prior year Endowment Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Fixed asset investments 75.000 711,167 75,000 1,251,905 181,122 12,9901 540,738 181,122 {2,9901 Current assets Creditors due wthin one year Total 786,167 718,870 1,505,037 Is. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Net income lor the year las per Slatement of Financial Activities) 93.430 21.790 Adjustments for: Losses on investments 179.0411 154.3501 073 131,6101 158,4061 (4,1801 564 Dividends. interests and rents from investments Increase in debtor5 Increaselldecreasel in credrtors 1107) Not cash used in operating activities (39.395) 171.8421 Page 20
riuok8bJnth7Tran5athi Ret. wS9YGV.bTh 10 Ilay 2026 21.'49..238ST (UTC +i}D 1r2 p rJirJ READING DISPENSARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 16. Aijalysis of cash and cash equivalents 2025 2024 Cash in hand 187.790 176.942 Total cash and cash equivalents 187.790 176,942 17. Analysis of changes in net debt At31 December 2025 January 2025 Cash flows Cash at bank and in hand 176.942 10.848 187.790 176,942 10.848 187,790 18. Related party transactions During the year. no Trustees received any remuneration or other beneffts12024: £nill. During the year, no Trustee expenses have bn in¢urred12024.. £nil}. 19. Endowmant (Capital Fund) This represents those assets which must be hekl pemianently by the charity, principally investments. Income arising can be used, in accordance wth the objects of the charity, and is incEuded as unrestricted income. Any capital gains or losses aristng on the investmenls form part of Ihe fund. 20. Unrestricted fund (Accumulated Income Fund) This comprises those funds which the trustees are free to use in accordance wth the charilable objectives. Page21