REGISTERED CHARITY NUMBER- 208667
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
FOR
THE ACU BENEVOLENT FUND
Magma Audrt LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 OUZ
Magtna Audit LLP is part
01 the Dain8 Group

THE ACU BENEVOLENT FUND
CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 Dèeomber 2025
Page
Report of th* TTUStoès
Rèport of the Indgpendertt Audltoys
Statem•nt of Flnan¢lal Acttvitiès
Balanee Sh•ot
Not98 to tho Flnanclal Statsments
8 to 15

THE ACU BENEVOLENT FUND
REPORT OF THE TRUSTEES
for thè year ended 31 Dècèmber 2025
The trustees prÈsent th&r report with the financial statement5 of the charity for the year ended 31 Decernber 2025. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Ststefflent of Re￿mMeThded Practi
aFpIl￿ble to Charitie5 preparing their accounts in accofd?nce with the Finanoal Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102112nd Edition, effèctive January 20191
OBJECTIVES AND ACTIVITIES
Slgnlficant aGtivities
The fund was estsblished under a Trust Deed execured on 17 April 1950 and updated in 1982. 1995, 2002 and 2005 by
deeds of v31iation. The Dbiect tsf the fund is to provide benefit to past and present Members and thali dependents ol ¢lubs
affiligted to The Auto-cycle Union Limited (The ACUI by way of gr8nis. loans, educational fees or othewse as the
administrative committee may deem fit and proper in deserving cases ol ne￿¥sity.
The fund may derive income from donations. voluntary subseription5, bequests, payments under covenant, from The
ACU. from membeis ol the public. 01 from any other source_
Grantrnaklng
The charty invites applications from past and p￿Sent members of The ACU andlor their dèp&ndents who find Ihetnselves
in thmes of fin8ncial difficulty or hardship. however caused. Applications may be made for grants. loans. educational fee5
or Other support. The administrative committee assesses each cas8 Individually and considers whether they qu3lify for
Support. Applicants are asked to provide the nts￿sary evidencè to SLtpport their application.
ACHIEVEMENTS AND PERFORMANCE
Thè total amount of grants paid to beneficiarie8 incréasett by 80'/b to £93.800 for the year compared to £58,637 for 2024.
The number of recipi¢nts le￿iving help incrèssed to 54 12024.. 351. The amount of donations and legacies remived,
includiry fines, increas8d by d14Vo from £61.679 10 £317,136. This increasè Is largely due to £260,027 of legacy incorne
received In the year. The continued support of the various Centres, Clubs and individual supporters remains at
high level and continues to provide one of the main sour￿8 of income. The Trustees onTr again reco9nise and
appieciato the help and support of The ACU vthich includes the provision of valuable servi￿5 to the charity.
The trustees and the invèstment managers have tn0n1to￿d the investrn¢nts closely during th8 y88r and consider that thg
long tèmi strategy continu8S to be the right on8 for the charity The charty's investments have increased In value during
the year giving rise to a realised gain of £21,16512024. £nill and unrealised gain of £407,5001216,4701. The net 9ains
on thè investments were £428,66512024.. £216.4701_
FINANCIAL REVIEW
Investmtnt policy and oble¢tlve$
The d8y to day management of the charty's investrnÈnts Is carr￿d out by tho investment man89er5 under instruction from
the trustees. The managers are responsible for selèctiNJ appropriate investments to prDwde both income and capital
gr¢)wth.
There were no changes in the invesbrent policies ol the fund which coniinuè to be the pursuit ol real 9ro%¥th thrDugh a
wide range ol investynents cOU￿ed with a low risk. high return on certain Gash Investments, gov¢mment stocks, equit188
and bonds.
Re$èr¥e$ poli¢y
The trustses consider the reserve5 required should be sufficient to ensure the ¢haTrty is able to maintain the l?v&l ol
support to those ent￿ed lo such assistance in the foreseeable future. The totsl amount of reseNes for the y88r is
£5,119,075 12024 £4,363.4361. Grants are payable out of incotn8 each year, including Inveslment income. Grant
applications are d9811 with at the trustees méetlll9 following receipt of the application, and the majority are successful.
FINAhlCIAL INSTRUMENTS
The principal financial instruments of the charity compri69 invastments, bank balances. tsther receivables and other
payables. The main ptsrpose of these instruments is to raise funds lor the Charity's operations and tg finance its
¢ontinuing operations. Liquidity risk is managed by the use of a bank balance along with efficient monitorin9 of cash flows
to ensure there ale sufficient funds to meet liabilities. Investments a￿ managed in raspect of pri¢& risk by delégating the
day to day rnanogetnent of the charity's in¥estments to the inv¢¥tment managers under instruction from the truste8s as
detailed In thè Investment policy and objectives section.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The ¢har5ty is controlled by its goveming do¢umenl a detd of Irust and constitutss an unincorporated charity.
Page 1

THE ACV BENEVOLENT FUND
REPORT OF THE TRUSTEES
for the year tndèd 31 Oecembef 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Oryanlsatlonal $truclure
The trustees meet regularty to assess the grant applications and to approve or refuse applitrstions. The ACU has the
power to appoint and remove trusteés. Prospective trustees are in¥rited to join the board of trusteès arter having atterKled
meetings ol th8 administfative ¢ommitt8t.
Risk management
The trustees have a duty to identify and oview the risks to which the charity is exposed and to ensui¢ oppropriate
¢ontio15 are in place to provide reasonable assurance 398inBt fraud and error.
REFERENCE ANO ADMINISTRATIVE DEYAILS
Registered Chafity number
208567
Prlnclpal addre68
ACU Hous
Wood Str8et
Rugby
Warwickshire
CV212YX
Tiu¥tg0$
R Hanks
W Evans
M Carter
C Pattison
L Francis
Audltors
Magma Audit LLP
16 Davy Court
Casfje Mound W8y
Rugby. CV23 OUZ
Magma Audit LLP is part
Of the Dains Group
Bank¢rs
C¢>operative Bank plc
Yew Street
Stockport
Investment Managers
Brewin Dolphin Securit￿s Limite
16 St Helen's P18ce
LtsniJon
EC3A 6DE
PUBLIC BENEFIT
In setting the objectivps of the charity and planning our activitie5 the trustees have given Careful consideration to the
Charity Commission's general guidance on public benefit In determining the range and level of support available to
eligible claitnants the trustees endeavour to provide such asslstance as can be piovided to support ACU members pagt
and present and their 18milies to dezl with a difficult 51tuation.
AUDITORS
Magme Audit LLP has expressed its wlllingness to remain In office as aLtditor.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustses a￿ responsible for preparing the Report ol the Trustees gnd the financia1 statements in accordants with
applicable law and United TrQngdom Accounting Slgndards (United lQ"ngdom Generally Accopled Accounb'ng Pr8ctie&l.
Page 2

THE ACU BENEVOLENT FUND
REPORT OF THE TRUSTEES
for the year ended 31 December 2025
STA TEMENT OF YRUSTEES. RESPONSIBILITIES- continued
The law applic2ble to charities in England and Wales. the Charititrs Act 2011, Chaiity IAcctsunts and Reportsl
Regulations 2008 and the provisions of the trust dÈ6d requires the trustees to prepare financial statements for each
finanoal year which give a true and fair view of the state ol affairs of the chaiity and of the incoming resour¢e$ and
pplication of resour¢es. including the income and expenditu￿, ol the charity for that period. In preparing those financial
$tsl¥menls. the trustees are required to
select suitable accounting poli¢ie5 and then apply them consistently.,
observe the methods and prin¢ipSes in the Charity SORP,
makejudg8mefits and estim2tes that are reasonable and prudent",
prepare the financial statements on the going concem basis unles5 it is inappropriats to presume that th8 charity will
continue in bu3in$s$.
Tre trustees ar& responsi￿e lor keepin9 proper aEcoL*nting record8 which disclose with r?8sonable accuracy at any tima
the financial F0s￿on of the Charity and to enab16 them to ensure that the financial statements comply with the CharEbès
Att 2011, the Charity (Accounts and Reports) Regulations 2008 8nd the provisions of the trust deed. They ore also
responsible for safeguarding the assets of the charity and hence for taking reasonable sieps ftsr the prevention and
detection ol fraud and othèr irregularities.
Approve(I by order of th$ board of trustees on .
and signed on Its behalf by..
R Hanks- Trustee
Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE ACU BENEVOLENT FUND
Oplnlon
We have audrted the financial statements of The ACU Benevolent Fund Ithè 'c*arity'l for the y&ar eTidecl
31 Decembef 2025 which cornprisg the Statement of Financial Aetivities, the Balance Sheet notes to the financial
ststements, including a summary of $ignificant accounting policies. The financial repo￿ng framework that has bean
applied in their preparation is applic8ble law and United Kingdom Accounting Standards Iunited Kingifom Gene￿IlY
A¢￿pted Accounting Practice).
In our opinion the fIna￿CIal statements..
give a true 8nd fair view of the stste of the charity's affairs as at 31 Dec8rnbèr 2025 and ol its IN￿mIng ￿$0￿r￿S and
application ol resour¢es, for the year then ended.,
have been properly prtrpared in accordance wth Unitad Kingdom Generally Actepted Ac¢ounb"ng Pr8cticÈ'. and
have been prepared in Bccordsnce with the requirerngtTrts of the Charities Art 2011.
Basls for oplnlon
We conducteLI our audit in accord8nce wth Internation81 Standards on Auditing IUKI IISAS IUKII and appli¢able law. Our
responsibilitlés under those standards are further described in the Auditors, responsibilities for the audit of the financial
stslements section of our report. We aTe independent of th8 charw in accordance with the ethical requirèments that are
relevant to our audrt of the financial statements in the UK, including the FRC 3 Ethic81 Standard. and we have fulfillèd oui
other ethical responsibilities in accordance with these requirements. We believe that the audit eviden￿ we havè
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relatlng to golng concorn
In auditing the financial statements. w8 have concluded that th8 trustees, use of the going concern basis ol accounting in
the p￿paration of the financial statements is #ppropriate.
Based on the work w8 have perforrned. we h8vè nL>t identhfied any material unortainties relating to &vents or conditions
thal, indiwdually or coll8eiively. may cast yignificafTrt doubt on the ¢h3rity's ability to continue as a going concErn for a
p¢riod ol at least tselve Months from when thg financial statements are authorised for issue.
Our ￿Sponsibl14119s and the ￿spOnSibl11t1es of the trustees with respect to going con*m are dèscribed In the ￿kwant
gections of this report.
other Inlonnotion
The trustees are responsible lor the other inft)rrnation. The other informabon comprises the infotTnation included in the
Annual Report. other thsn the financial slatemgnts and Qui Report of the Indèpendent Auditor3 thereon.
Our opinion on the financial statements doè8 not cover the other information 8nrJ. ex￿pt to the ext¢nt othemise eXpl￿¢1￿Y
¥lated in our report, we do not express any form of Assurance con¢lusson thereon.
In connection with our audit of th* financial statements. our responsibility 1$ to read the other informstion and, in doing so.
consiLfer whether the other infomalion is materially Inconsistent with th8 financial siatements or our knowle(Jge ot>tained
In the audit or othemise appears to be rnaterially misstatsd. 11 we identify such material Inconsistencies or apparent
gterial misstatements. wè are required to detetrnine whether this gIV8s rise to a material rnisstatètNÈnt in the financial
ststernents themselves. If, based on the work we have performed. we conclude tttat the￿ is a material misstatement ol
this ¢ther Informatson. we are required to report that fact. Vve have nothing to report in this regard.
Matters on whS¢h we are reqUI￿d to roport by exception
We have nothing to report In respect of the follovring matters wher8 the Charities IAccounts and Reportsl Regulations
2008 requires us to report to you if, in our opinion.
the information given in the Report of the Trustèès is inconsistent in gny matefial respert with thè financial statements..
or
sufficient accounting iecords have not been kèpt, or
the financial statements are not in agreement with the accounting rècoryls and returns.. or
we have not received all the inforn)ation an¢J explanations we r¢quire for our audit.
Re8ponslbilllies of trustees
As explained more fully In the Statement of Trustees. Responsibilities, the trustees 8re respot)sible for the preparation ol
the financial Statèments which 9t￿ a true and tsir view. and for such internal control as the trustees determine is
ne￿$Sary to enable the pieparab'on of financial statemènts that are free from m*erial misststement. wheth8r due to
fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the ehsrity's abilty lo continue as a going
concern. disclosing, as 3pplicable, matters related to going concern and using the going concern basis of accourTrting
unle$8 th8 trustees either intend to liquidate the charity or tè ￿ase operations, or have no realistic 8lternativt but lo do
so.
Pagtr 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE ACU BENEVOLENT FUND
Our fvsponsibllitles for the audit of the finan¢lal statements
We have been appointed as auditors under Section 144 of the Charitiès Act 2011 and rgpprt in accordance with thè Act
anrl relevant regvlatlgns m2de or having effect the￿Under.
Our objectives are to obtain reasonable assur3ncE about whether the Inancial statements 8S 8 whole are freg from
mat61ial misststement, whether dLie to fraud or e￿[, and to issue a Report of the Independent Auditors that includes our
opinion. Reasonable assurance is a high ￿Ve1 of assuran￿. but is not 8 guarantee that an audit condu¢t8d in
8ccord8nce with ISAS IUKI will alway5 detect a material misstatement when (( exists. Mi$statÈments can arise from fraud
or error and are considered maten81 if, individually or in Ihe aggregate. they could reasonably be expected to influen
the economic decisions ol user$ takÈn on the basi5 olthese finaneial statements.
The extent to which our procedures are capable of rJete¢bno Irregularities, induding traud Is dètailed below."
Based on our under5tznding of the charity. we Idents'fied the principal risks Of non-compliance with laws and regulations,
gnd we considered the extent to which non-compliance might h3ve 3 material effect on ihe financial statements. We also
considered those laws and regulation5 that have a direct impact on the financial staternènts such as the Ch81ities Act
2011. We evaluated managèment's incentwes and opportunities for fraudulent manipulabon of the financial staterrents
(including the risk of override ol controls), and detettnined that the principal risks were related to posting inapprtspriate
journsl èntries and managgment bias In a￿oUnting estimates. Audit procedures perfDm)ed included.
discussions wrth trustees includin9 consider81ion of known or suspected instances of nonv¢ompli8nce with laws
and regulation and fraud".
challonging assumptions made by managernenl in thetr accounting estimates such as carrying value of listed
inv65tments,' an
identifying and testing cash book entries. in particul8r any entrie8 to ynusual suppliers or recipi8nts, or those that
ar¢ material to the finanual statements
There are inheient limitations in the 8udit wocedures d*scAbed above. We ar8 Lg$s likely to become aware tsf instances
of non4ompliance with laws and regulations that are not closely related to events and transactipns rèflected in the
finanryal 8tatements Mso, the risk ol not detecting a matèrial misstslement due to fraud is higher than the risk of not
delectirig one resulting from error. as fraud may involve deliberate Goncealrnent by, tor example. foigory or intentional
rnisrepresent8lions, or through collusitsn.
A fvrth&r de5CriPtion ol our responsibilitie5 for the audit of thè financial statement5 is locatsd on the Fin8ncial Reporting
Council's website at ww.frc.org.uklauditorsresponsibilitses. This description form5 Part of our Report of the Independent
Auditors.
V$9 of our reptsrt
This report Is made solely to the charity's trustees, as a body, in a¢cordanc8 wth Part 4 of the Charib'es IAe¢ounts and
Reports) Regulations 2008. Our audit work has been undertaken so that we might 5t8te to the charivs truste25 thos8
matters w8 alè required to slate to them in an auditors, report and for no other purpose. To the fullest extent permitted by
law. we dD not at￿pt or assurne responsibility to anyon8 Other than the Charity and the charivs trustsès As a body, for
our audit work, for this report. or for the opinions we hav¢ foimed.
Magma Audit LLP
1fj Davy Court
C?sde Mound Way
Rugby, CV23 OUZ
Magma Audit LLP is part
Ofthe Dains Group
QI /04 12016
Date..
Page 5

THE A¢U BENEVOLENT FUND
STATEMENT OF FINANCIAL ACTtVlTIES
for th8 year ended 31 Decèmber 2025
2025
Unrestri¢t¢d
lund
2024
Tota
funds
Nolgs
INCOME AND ENDOWMENTS FROM
Donations and 189acies
317,138
61,679
Other trading activ￿"èS
Investment income
10,711
138.791
7,132
127.997
Totsl
486,638
196.B08
EXPENDITURE ON
Roising lund5
32.303
28.511
Charitable actlvrtle$
Grants payable to individuals
93,800
58,637
Other
13,561
12,712
Totsl
139,664
99,860
Net gains on inv8Stments
428,665
216,470
NET INCOME
765,639
313.418
RECONCILIATION OF FUNDS
Total funds brought lomard
4,363,436
4.050,018
TOTAL FUNDS CARRIED FORWARD
,119,075
4.363.438
Th& notes form part of I￿se financial statem8nts
Page 6

THEACU BENEVOLENT FUND
BALANCE SHEET
31 Dèe•mbèT 2025
2025
Unrestricted
fund
2024
Total
funds
Notès
FIXED ASSETS
Investments
13
5,002,941
4,302,541
CURRENT ASSETS
stocks
Debtors
Cash ?t bank
14
15
2.604
21.401
104,624
3,713
17,639
51,989
128,6Z9
73,341
CREDITORS
Amounts falling duÈ wthin one year
112,4951
112,4461
NET CURRENT ASSETS
116,134
60.895
TOTAL ASSETS LESS CURRENT LIABILITIES
S.119,075
4,363.436
NET ASSETS
5.119.075
4,363.436
FUNDS
Unrestricted funds
17
5,119,075
4.363.436
TOTAL FUNDS
5,119.076
4.363.436
The financial $talements wèrè approved by th8 Board of Trust¢￿ and authoiised lor issue
and were S￿ned on its behalf by".
on
R Hanks- Trust8e
The note8 form part of these finan¢ial ststements
Page 7

THE ACU BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS
forthe year endèd 31 De6ember 2025
GENERAL INFORMATION
The charity is a norpcorporatè charity regiSt8r¢d in England and W81es. IVS principal addr85s is ACU House,
Wotd Street. Rugby. Watwickshire, CV212YX and registered charity numbèr is 208567.
ACCOUNTING POUCIES
Summary of slgnTrficant accountlng pollcles
The principal accounting policies applied in the preparation of the$e financial stat¢ments a￿ set Ctul below. These
policies have been consistentty applied lo all years presented, unless otherwise stated.
Basis of preparing th¢ financial ststements
Tre financial st8t¢m&nts ol the Charity, which is & public bengfrt entity under FRS 102, have been prep8red in
accordance wth the Charities SORP IFRS 1021 'Accountiry and Reporting by Charities.. Ststemenl Df
Recomrnended Practic8 applicable to ¢h8rities P￿paring their aceounts in accordance wSth the FinBnoi81
Rèporting Standard applicable in the UK and Republic of Ireland IFRS 102112nd 8ditio￿. effective 1 January
20191., and the Charitie5 Act 2011. The financial statements have been p￿pared under Ihg hi5toiical cost
Convention as modified by Lh6 revaluation of investments which are induded at mafket valu&.
Tha eharity's fun¢tional currency and presentation currency is Sterling (£1. The financial 8t8temènts have been
rounded to the neare$l £1.
Golng con¢grn
At 31 Oecember 2024 the chafity had net current assets of £116.134 12024. £60.8951 and nèt assets of
£5.119,075 12024.. £4.363.4361. The trustees have assessed the r8quirements of the charity for at least twelve
months from the signing Df the5È financial statements and have therefore prepared the finan¢ial statèments on a
ooing concern basis. No m8terial uncertainty exists at the balance sheel date.
Flnan¢ial reportlng standard 102. reduced disclosure exemptions
The charity has taken advantsge of the following disclosure exemplions in prèparing these financial statements.
as permittéd by FRS 102'The Fin8ncial Reporting Standard sppli¢able in the UK and Republic of Ireland.:
th¢ iequiremenls of S8ction 7 Ststement of Cash Flows.,
the requirement ol paragraph 3.17ldl.
In¢oming resour¢e$
l incoming resources are included tsn the Statement tsf Financial Activitl8s when tt)e charity is legally entitled to
the in¢ome the amount can be quafitifiEd reason8blo accuracy.
Income from donations is recognis#d where there is evidence of entitlernenl, r$ceipt Is probable and th8 amount
can be méasured ￿lIab￿.
Donated saNices are in¢luiJed in the period in which th8 services were supplied.
Legacies are a¢¢ounted for as they are received, or if belore recgipL fgllowing confirrnation of entluements. the
rec8lPt is probable and value can bè measured.
Distributions and interest on investments are includèd on tlie accruals basis by reference to tho due date of
paymenl.
All ¢thgr income is indud8d on the accruals b851$.
Re8our¢e$ exp8ndeiJ
Expenditure is accounted for on an accruals basis and h8$ b88n dassified under headings that a99regat8 81
costs related to the utegory. Where ¢osts cannot be di￿tlY attributed tts parti¢ular headings they have been
allocated to activities on a basis ¢onsistent with the use of resources. Support ¢osts sre those costs incuTTed
difecuy in support of Èxpenditure on the objectives of the charity. Irrecoverable VAT is eharged against the
category ol ￿S9￿[Ce5 expended for whi¢h it wa5 Incurred.
Raising funds ¢onsist of investment management fees and trading Costs.
Charitable actiwties Include dired expenditure asso¢iated with the payment of grants And support costs
Governance costs include those incu￿d in the governan￿ ol the Gharty and are primarily asstsciated with
¢onsti¢utiorio1 and statutory requirernents.
Page 8
continu&d...

THE ACU BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS- conunued
for the year endgd 31 D?cÈmber 202S
ACCOLINTING POUCIES . continued
Rtsources expend8d
Grants offererl subject to conditions a￿ feco9nis8d in full within the stalernent of financial activities when the
conditions are fully satisfied. Whgn the grant Conditions have not been met at the year end date these 9rants ar¢
noted as a corntnitment but not a¢¢ruad as expenditure.
Tangibl• fixed assets
Tangible fixed assets are stated at hi$toiical cost less accumulated depreciation and atny accumulatèd impairment
1055es. Historio81 cost indudes expendilure that is directly 8ttributable to brin9ing the asset to the location and
condits.on necessary for it to be capable ol operating in the manner int8nd8d by management.
Dep￿¢￿atIon is charged so as to allo¢ate thè cost ol assets k$s their residual value over their estimated useful
livp¥, using either 8 Straight Itn¢ or redurAng balance method, as indicated below.
Fixturès and fitb.ngs
Equipment
- 20Qk on redurAng b8lan¢e
33ty/0 on straight line
Gain5 and IDSse$ on disposals are dètermined by comparing the proceeds with th¥ ¢arrying amounl and a
rec¢gnised In the statement of financial activ￿.e5.
Stotks
Stock5 are stated at the lower of ¢¢>st 8nd estimated sellin9 pri¢e loss costs to complet8 and sell. Cost is based on
the Cosl of purchase on a first in, first out basis.
At each bOlan￿ sheet date, stod(5 are assessed for impairrnent. If stock is impaired. the carrying amount is
reduced to its sÈlllng Pri￿ les& Costs to complete and sell. The impairment loss Is re¢o9nised Immediately in profil
or10sS.
Taxatkon
The charity is 8xempl from tax on its ch3ritable activities.
Fund a¢eountlng
Unrestricted funds are available at thé discretion of the Irust8é5 In fvrtheran￿ of the Charitable objecty'ves. Thè
unrestricted funds arise from donatsons. legacies and other income re￿IVed or generated for charttable purpose¥
and represttnts the net surplus made by The ACU Benevolent Fund during its operations to date.
Fixed asset tnve$tm9nts
Investments are Included in the fin&nci81 statements at mid-m8rket value. The Statem8nt of Financial ActiMIig$
indudes net gains and losses aTtsin9 on revaluation and disposals throughout the year.
Flnancial instruments
The charity ha5 chosen to adopt the Se¢tions 11 and 12 of FRS 102 In ￿sPect ol financial instruments.
lil Financial assets
Basic financial assets. includin9 debtors, cash and bank b8lanees and investments are inits.ally recogni3ed St
transaction Pfice. unless the arrangement Conslitules a financing transaction. where the transaction is measured
at the prgsent value ol the future receipts discounted at 8 market rate ol interest. Investments are subsequently
carrigd at mid-market value
Basic financial Iiatiilities. including crèditois ar8 inilialty recognised at trèn5aciion price, unless the arrangement
constitutes a financing transaction, where the dgbt instrument 1$ measuréd at the present value of the future
payments discounted at 8 market rate of interest.
Ca8h and cash equlvalents
Cash is represented by cash in hand and deposits with financial in$tilution5 repayable wlhoul panalty on noti￿ of
not more than 24 hour5. Cash equivalents are highly liquid investments that rnature in no more than three month8
from the date of acquisition and that are r¢odily converts.ble to known amounts ol cash wrth insignific&nt risk ol
change in value.
Pmge 9
¢ontinued.

THE ACU BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS- contlnued
for thè ￿al ended 31 December 2025
CRITICAL A¢¢OUNTING JUDGEMENTS ANO KEY SOURCES OF ESTIMATION UNCERTAINTY
The charity m8k8S èstimates and assumptions concerning thé futu￿. The resulting accounting estimates will, by
definition. seldom equal the r8lated actual results. The 88timates at)d 395umption5 that have a significant risk of
causing a material 8djustment to the ￿[ryIng amounts of assets and liabil￿"e$ within th¢ next finanaal year arè
eddtessed below.
{il Carrying value of listed investments
Thè listed invesbnents held by the charity ar$ sensitive to th8nges in fair value. A valu8tion is obtainecl from
qualified valuei for each invgstment with sgffi¢ient r8gularity to ensure that the valuation Is not mAterially different
from the fair val￿. The unrealised gains or losses arising from the annuol revaluation is re¢o9nised thwugh the
statement of fiNancial activilies.
DONATIONS AND LEGACIES
2026
2024
Donated samces
DDThations
Fines re￿1Ve￿
Lega¢p
Gift Aid
5,000
51,381
250
260,027
478
5,000
30,950
200
25,250
279
317,136
61,879
Grants re￿ived, indud8d In the aL>ove. 8re 05 fg111)ws".
2025
2024
Other grant$
478
279
OTHER TRADING ACTIVITIES
2025
2024
Sales ol bad98$
Book sales
10.711
6.949
183
10,711
7.132
INVESTMENT INCOME
2025
2024
Incorntr from investments
138,791
127,997
Pa9e 10
¢onlnued...

THE ACU BENEVOLeNT FUND
NOTES TO THE FINANCIAL STATEMeNTS . eontinuod
tor the year ended 31 Dt¢emb8r 2025
RAISING FUNDS
Other tradlng aclivitoes
2025
2024
Purehases
4,289
2.445
Inv¥$tment mana9ement ¢ts$ts
2025
2024
Portfolio mgnagement
28,014
26,066
Aggresats offlounts
32,303
28,511
CHARITABLE ACTIVITIES COSTS
Grant
funding ol
activities
(see note
91
Grants payable to indivi¢Juals
93,800
GRANTS PAYA3LE
2025
2024
Grants payable lo in¢Jividuals
93,80Q
56.637
10.
SUPPORT COSTS
Goveman
costs
Fin8nGe
Oth¢1
Totals
othèr resour￿$ expertded
61
2,469
11,031
13,561
11.
TRUSTEES. REMUNERATION AND BENEFrrs
During the year £100 was Pa￿ to 5 tru$tees12024. 3 trustees) ol the ¢harity to cover their on-going expenses to
carry out their ¢harit8bl2 duties.
TMs1￿$. expensès
During the year a total of £49412024.. £niS1 was paid to Trustees loi reitnbursod expense5.
Page 11
conb'nugd...

THE ACU BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS- contlnued
for the year ènded 31 De¢ember 2025
12.
TANGIBLE FIXED ASSETS
Fixtures
and
fith.ngs
Equipmonl
Totals
COST
At 1 January 2025 and 31 December 2025
3Z8
3,287
3.615
DEPRECL4TION
Al l January 2025 and 31 December 2025
328
3,287
3,615
NET BOOK VALUE
Al 31 December 2025
At 31 December 2024
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 January 2025
Additions
Disposals
Unrealised gasn
4.302,641
300,000
17,1001
407,500
At 31 Decembor 2025
5.002,941
NET BOOK VALUE
Al 31 Decembei 2025
6.002,94f
Al 31 December 2024
4,302.541
Thè 9èogrgphical locatr'on of fixed gsset investments 1$ as follows..
2025
2024
IntheUK
Outside the UK
3,630.645
1,472,296
3, 107,427
1,195,114
5,002.941
4.302.541
The composition of the investsllent fund is as ftslltsws..
2025
2024
Ca3h
Listed investments
Unit trusts ond govemment stwk
174,398
3,440,170
1.388.373
104,208
3,049.210
1.149.123
5.002,941
4.302,541
Page 12
cuntinued...

THE ACU BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS . continued
for thè year ended 31 December 2025
13.
FIXED ASSET INVESThlENTS. contlnugd
Fair valuÈ at 31 December 2025 is ￿PIesented by.
Revaluations
Cost
1.869,029
3.133,912
5.002,941
14.
STOCKS
2026
2024
Finished gtxJd8
2.604
3.713
15.
DEBTORS.. AMOUNTS FALLING OUE WITHIN ONE YEAR
2025
2024
Prepaymtrnts and accrued ineomo
21.401
17,639
16.
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Qthei creditors
12,495
12.446
17.
MOVEMENT IN FUNDS
Net
mtsv&ment
in funds
At 111125
31112125
Unr8Strietèd funds
Gen¢ro1 fund
4,383,436
765.639
5,119.075
TOTAL FUNDS
4,363.436
755,839
6.119,075
Net movemtrnt in funds, included in the above a￿ as follow5.
Incorninj
resourc8S
Resources
expended
Gain5 and
losses
Movement
in funds
Unrestricted funds
General fund
466,638
1139,6641
428,665
755.639
TOTAL FUNDS
466,638
1139,6641
428.665
755,639
P￿e 13
ctsntinued...

THE ACU BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS . ¢gntinved
for the year end¢d 31 December 2025
17.
MOVEMENT IN FUNDS - eontlntEed
Comparatlve8 for movemont in funds
Net
mowement
in funds
At
31112124
At 111124
Unre¥lriet•d lunds
General fund
4,050,018
313.418
4.363,436
TOTAL FUNDS
4.050,018
313,418
4.363.436
comparèb.ve net movement in funds, induded in tha above are as follows".
Incoming
resourees
Resources
expended
Gains and
losses
Movement
in lunds
Unrostrlctsd fund$
General fvnd
196,808
199.8601
216,470
313.418
TOTAL FUNDS
196,808
199.8601
218.470
313.418
A current year 12 months and prior year 12 montks Combined position is as follow5".
Nel
movement
in funds
Al
31112125
At 111124
Unrestricted lunds
General fun(S
4.050.018
1.069.057
5.119.075
TOTAL FUNDS
4.050.018
1,069,057
5,119,075
A CUr￿￿t year 12 months and prior ye¥r 12 months combined net movement in funds, Included in the 8bove are
as follows..
Incom*ng
f?50urces
Resouf¢e5
expended
Goins and
losses
Movement
in funds
Unrestricted funds
General fund
663,446
1239.5241
645.135
1,069.057
TOTAL FUNDS
663,446
1239.5241
645,135
1.069,057
Page 14
continued...

THE ACU BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS- continued
for th• year ended 31 Dec•mber 2025
18.
RELATED PARTY DISCLOSURES
Oth8r than trustees Honorarium payments rjisclosed in ntste 11 01 the financi81 statements, there were no lurther
relatad patty transactions for the year ended 31 Owber 202512024.. £nill.
Page 15