Charlty regSstratlth number: 20A7BS Charterhouse-in-southwark Annual fleport ond FlnancFel StJtsment5 for Ihe Year Ended 31 March 2025 Fleld Sulllvah Llmlted 9 Hare & Blllet Road 8Iarkneath SE3 OR Charterhouse-ln-southwark Content$ {contlnued) Reference and AdmlnlstTative Detalls TTUStee's Report 2toS Indeppndent Examlney'5 Report St4ttment ol Flnanclal A¢tlv(tleG Balance sheet Notes to the Flnanclal StateffleTrt$ 9t021 Charterhouse-In-5outhwark Reference and Admlnlstratlve Details Tiustao charterhouse-in-SourhwarkTrustee Company Charfty Reglstratlon Number 208785 Principal Office TMF Group 13th Floor One An8el Court London EC2R 7HJ Account•nt5 Fleld sulllvan Llrniied 9 Hare & Blllet Road Bl8ckheath SE3 OR8 Solleitors Cllfford Chance iLP 10 Upper Bank Streel London E145JJ B8nk•vJ Un5ty Trust PLC Nlne Brlndley Place Blrmlngham BI 2HB NatlonèlWestrnlnlsteT gaftk PLC PO 8DX 15Y 332 Hlgh Holborn Lgndon WCIV 7PS Page I Ch3rterhouso-In-Southwark Trustee's Report ChBrterhouse.In.Southwark Tfusiee Comp•ny Ithe 'Trustee'l presents thE 4nrtual ieport together wlth the audited flnanclal 5t41em¢nts of Charterhouse In Southwark (the charltyl for the year from l April 2024 to 31 March 2025. CharteThouse In Southwark 15 3 re¢l￿ered charlty INumbEr 2087B51 of wh￿h a rDmpan¥ Ilmlted by gtsarantee is the trustee (company Number 023874031. Its 8overnlnE Instrument 15 J Sthème established by the Chailty Comm1551oners under the Charltles Act 1960. structU¢ei RoveTnlln¢i and m¥na&ement CONSTITUTION The prlnclpal oblect of the charlty 15 as follows.. for such rellgious, oducatlonal and other charltable purposes in such ways as the Trustee shall ITOM tITne to tlme dotermlne IncludlnÈ makfjn8 £Tants to other chorltable DINecTORS OF THE TRVSTEE COMPANY The Trustee was appolnted under a scheme made by the Charlty Commlsskiners In 1991X The folloWb￿ SErved as Dlrettor5 01 the tompony during iheyear and up to the date of thls report (other th4n a5 noledl: Jonathan Abbott1oppolfttÈfl 10 Mèy Z0251 Peter Alers E112abeth Barrett John Glllesple fjeorgé Hankey Charles Lynch lappolnted IQ May20251 Trlst•n Parsons DrAleK Pelerken METHOD OF APPOINTING DIRECTORS OFTHE TBUSTEE COMPANY Dlrectors of the Tru5teE Company l-Olrertors"I must be Connected wlth Charterhouse, 45 defined In the Artlcles of Assoclatlon of the company. They are appolttted at a general me¢tln& and hold office Indehnltelv, ORGANISATIOWAL STRUCTURE AhlD DEC1510N MAKING The charity Dlfector, the sole emptoyee ot Ihe charlty. works part tlme and Is accountable to the Dlrectors, The charsty Is run from avirtual offke. RISX MANAGEMENT Thè Tnjstee a5se$5ed the major dsks to whlth ¢h8TIty15 e¥p05ed, In pafucular those rehted to the operatlon5 and flnances ol the charlty, and are sat15ft¢d that system$ ènd procedures aTe In place to mltlgate exposure to rnolor rlsks. Pa&E 2 Charterhouse-ln-southwark Trustee's Ileport (continued) OblEttlves andAci1￿11¢s POLICIES AND OBJEUIVE5 70 use Inve5tTnent Income Irom the perfflanÈnt endowment to make Krants to help relleve poverty and enhance opportunltles lttyoung people, mainly hut not eKcluslvely In the London Borough of southwark, STRATEGIES Fori ACHIEVING OBJECTIVES To research the needs of youn8 peowt and to tarÈel grant maklng whefe. to the Dlreciors, It seerns most approprlateso todo. ACTIVITIES FOR ACHIEVING 08JEcfivES The Dlrectors have declded to tar8et tho Charlty's grant maklng to charllable Instltutlon5 that work wlth young peDple. Thts Is keeping wlth the charlV$ tTadllSonssln¢e IB85 Whe￿ It wasfounded. A¢hlqv•m•n¢s and p•rfomiance As the flnant131 stètements Indlcate, our net assets were £4,854,049 as atthe b4laTr¢e sheetdite compared to £4,952,854 a yeai eaTller. Hlghllghts ol the year undeT revlew Includè.. Assessed o further record nuffiber ol ?ppll¢atlons received for grants Durln¥ the year grants totallln 164.54012024 - £184,779) were marfe to a varlety of dlfferent organlsation5. Indudlng thosè worklng wlth young people In the Southwark area. Chafltles Accountlng rules (commonly referred to 'Char5tles SORP'I requlre us to report thE5e on an accruals bas55. Such that condltlonal awards that are expected to made In future years are recDKnlsed In thè curi*nt year. Uslng the preferred cash basls approath orthe Dlrectors Df the Trustee board, whlch 15 Ilne wlth Qui InlErnal plannlng and bodgetln8, oward5 In the year 19talled £106.54D 12024- £136.7791, The Charlty Dlreclor malnialned exien5Ne engagement wlth orapnlsatlons In the 5outhwa¥k area of London. The orRanlsatlons contlnueto prlmarily be those wlth slmllar 8oal& • Dlrectors of the Tiustee coznpany vl4ted a numbEr vf ofgan15aYons that had èlther applled lor or bee awarded 8r3nts, Mèlntaln¢d conrart wlth exlsting donors and Charterhouse school, whlch Included holdng a meetlnB at th• sthool. A¢tlve)y revlewed the maTra6em¢nt ol Irwe5trrtents beln8 manaied by lThvestment managers. IvcludlnB Irt persofi ievlew5 wlth both fund management firms. The DITedor$ ¢gnflTrn thot they hwe complled wSth the duty In sectlon 4 of the Charltles Att Zol￿ to have due r¢8ard to the Chorlty Comm1551on's general guldaD¢e on publlc benef(t. Page 3 CharteThouse-in-Southwark Trustee's Report (contlnued) Flnancl•l Tevl•w RESERVES POLICY A surn ol about £35.tX)D In reseNes covers the governanc￿ and admln15trative expenses of the charlty lor year and Is held In Instant access baTrk depo$5t accounts. At the year End the bilance on re5ewves was É4.854,049120Z4- É4.952,854}. MATERIAL INVESTMENT5 POUCY The board of dlrectors of the Trustee have adopted an ¥nvestmerJt policy whlch is to generate Investment retUTn frDm Income and EapSt?18rowth by InvestlnB the a55eis o* the ehartty In a portfollo of assets whlch may Include cash, bonds. equltles. Inve5ttnent property, commvdllles Bnd any other asset whlch is deemed 5uttable forthe ChaTIty. Exlstlng Inveslments are closely nonltored. with the fotus remalnlng to ensure they can 6enerote a sustalnabte Income whllst malntalnlD8 and 8fDwlng the value of underlylng assets. The charity rètalns the freehold ol a property leased on a full iThSUTlng, repalrand Tnalntenance leaseto an unrelated (harlty. Plans lorfuiuri pqilad5 FUTURE DEveLOPMEKrs The tharlty wlll contlnue to malntaln relatlon5hlps with a number ol organ15atlDn$ ID the London Borov8h of S¢)uthwark, seek vpportuDltle5 to award grants that further the oblerts ol the charlty, and malntaln contact wlth donors Jnd supporters. The ever increaslng nufflber of appllutlons rece5ved 1$ testament to the need for provlslon and for a siTateglc approach to grant makln8. The cr8an15011ons we support Ire4uently Indlcaté ihat they valuE long-term support $0 as to bt able to plan for ihe fuluie. To that end, tht Directors wlll contlnuÈ to focus on multi-ye3r Rrants whllst remalnlng open to smaller. one.off award5 where consldered opproprlate. Pale 4 Charterhouse-In-Southwark Trustee's Aeport (continued) Trust•o£ Responslblllles The Trustee 15 reiponslble fof preparlnq the Trustee's report and the financlal stotements In accordance wlth the Unlted Klnidom Ac¢ountln8 5tandaYds Iunlted Kln8doffi Generally AC￿pted AcCoUn￿n8 Pracll¢el and applitoble law and re8ulations. The law applicable to charities requires the Trustee to prepfjre financlal statements for each Ilnancl41 year whlch 8lve a true Jnd falr vlew of the state ol afl3lr& ol the tharlty and of the incamlng resources and appll¢atlon of r¢$ources ol th¢ chbrfty for that perbd. In preparing these financial statements, the member Is requlred to.. select suitable accountyng polkles and then apply them c0Tr51sttntly,' obserye ihe methods and principles In the Charflle5 SORP; make jkndeements and estlmates that are reasoTrJblt and Prudent; state whether applltable èc¢ountlng 5tandords have beèn followed, wbjgEr to any mater141 departures dlsclosed and explained In thefipanclèl statements. ènd prepare the linanclal statements on the Aoln8 concern bas15 unless It15 IllaPPTOPTlaie to presurne that the charlty wlll ctsntlnue In buslness. Th¢ Trustee Is respon51ble for keeplng proper accountlng records that d15close wlth reasonable accurw al any tlme the Ilnanclal posltlon of ihe charlty and enable thern to ensure that the flnanclal statements comply wlth the th3ritle5 Act 2011. the CharFtle5 (Accounts and Reports) Regulatlons 2008, 4nd the provlslons tsf the constltutlon. The 7ru5te¢ 15 ?150 iesponsible for safe8uardlng tho assets Dr the charity and hence for tèklng reI59nable steps IDr the preventlon and detectlon of fraud ènd other lrye8ularitles. The annuil report Was aPPToved by the board of dlre¢tr*rs of charterhoustrln.Southwark Tnjstee Company on 11 November 2025 and 51gned on its behalf by; Geor8e HankE Chalr of the board oldlrectors foi and behalf of Charteihou5e-Irh- SouthwarkTrustee Company Page 5 CharteThouSe4n-So￿hw￿rk Independent Examlner's Report to the trustee of Charterhouse-in-southwark I report to the ch•rlty Trustee on rny examlnatlon of the accounts of the charlty for the year en¢J¢d 31 M8rth 202S which comprlse the 5talemertt ol FlnBnclal ActlvltlE5. the BalancE Sheei and Telated notes. Th1% report Is made solely to the th811￿% trustees, tt5 a bo*, In octordance with settlon 145 of the cha¥ltlos Act 2Qll. My work has been ijndertaken so that I ml8ht stale lo the charlty's trustees those matters l am requlred to state to thern In ihls repp¥t and lor no other purpose. To the lullest extent pemltted by law, I do not accept or assume re$ponslblllty lo anyone other than the chartiy and the chaTIVs tnsstees a5 a body, for my work, forthls reporL OTfor the opi#lon51 have formed, Aesponslbilltl4s and basls ol rqport As the thorlty Trustee of Ch8rterhoust-In-Southwark you are re5ponslble for the PTeparèlron of the accounts In accordanc* wlth the requlrements of the Charltle5 Act 20111'thv AcV}. I report In re5Pe£t ol my ex?mlnat5on of Charterhou5e.In-Southwèrk'5 ac¢oufit¥ orrlerj out undÈr sectlon 145 of the Act and ln carrylng out my examlnatlon I have followed all thÈ appllcable D1rections glven by the charlty Commlsylon under sectlon 1451sllb} ol the ACL An Indepondent examlnatlon doe$ not Invglve gatherlng all the evldence thal woukl be YequlTed ITh an audlt and consequently does not cover all the matters that On audltor conslders In glvtng Ihelr oplnlon on the flnanclal statement5. The plannln8 and conduct of an audit goes beycnd ihe Ilmlted issurance that an Independent exomination can provlde. Con5eqUEntly l express no oplnlon as to whèther the Ilnanclal statements present a 'true and fo5rf vlew and my report Is limiled le those sptclllc rnatters set ovt In the Independent examlnerf5 Statement. Indep￿dent èxèmln•rfs Jt4t?rnor I have completed my examlnatlon. l Eonllmi that no materlal matters have come to rny attentlon In conntrtlon wlth the examlnation 8lvln¢ me cav5plo belleve that In any m•t611al re5pe¢l: l. accountlng records were not keptln respect of Chirterhtyise-ln-southwark as requlred by sectlon 130 of the Att,. or 2. the flnanclal stitements do not a¢¢ord wlth those records.. or 3. the tlnancldl statement5 do not cofflply wlth the accrJUTrtl￿￿ Tequlrements ctsncernlng Ihe fofrn and tontent of accounts Set out In the Charltles IAcc#uDts and Reports} Reuulètlons 21x18 other than any requlrement that the aceounts 8lve a'true and lair view, whlch 15 not a matter ¢onsldered as part ol an Independent txamlmatlon. I have no concerns and have come acr055 no other matters In connertlon wlth the examlnatlon to whlch attentEon should be dra In th15 report In order to enable a proper ￿ndErS￿￿￿1n£ of the accounts to be leached. Tlmothy Sulllvon FCA 9 Hare & 6511et Road Blackheath SE3 ORB Date,, Pa8e 6 ch4rtiihwl￿n.50llthw1 StAtev*rf•f Fh4n¢lplA¢tl*ttles ftsilh¢Ye•r En4tdJl M•rth2QZ5 70ty1 Ilnristrtold Wot• IDrom•4Dd EndoMThwtwfvm'. Donat￿TrI Ind4È￿¢1 42,763 41.263 29,94t 40,825 107.èjl ,948 4D.IZ5 107.611 Olhtilwmè IQ7.25L Tol•llncomv 17tsaF5 Ch•iTr•bleaGtl¥NI¢S ZA 27.7U 7.711 TohlexpEndltup• 202.41J 102A13 2Z7.713 i#m) 149,118] t￿79 iiu.a64 IiUJfj41 1¢0￿￿[411DnOflU￿th Totil lundi biouth lon¥wd 4,*?.B54 ￿654 SN54JI 4,552,B54 ￿154 To1￿[unds￿￿1ldff￿[￿ Ih?nDiEs•ll￿s158IDlLlWm￿lnIE5r￿ portDlIlESEnnindd51thmEn Charterhou5e-in4outhwaik (Re8lStratlon number: 2087851 Balance Sheet as at 31 March 2025 2025 zoz4 Note Flyed a55ets TanBlb5e assets Investments li 21)2,753 4.645,552 2D2,?53 4.708,471 12 4,848.305 4,911.224 currtnt •ssets Debtors Invesrments Cash at bank and In hand 13 32,5B8 24095 5.235 14 15 112,518 145,106 121,826 Cr•dltors: Amounts falllng due wlthln oneyegr 16 1139 362 80,1961 Met curr•nt•SSgts 5,744 41,630 N•t ass•ts 4,854 049 4,952,854 Funds of the ¢hwlty.' Unre51Tld￿ IncoTh• fvndj Vnrestrkted funds 4.854,049 4,952,B54 Totalfunds 18 4,854,049 4 952,854 These attounts We￿ 8PPFoved by the bgard of dlre¢toYs of Ch•rterhou52-In-Southw?Tk Trnstet Company on 11 Novemb¢r 2025 and s18ned on Its beholl by.. Georqe Hank Chalr of th• board oldlrÈttors for and behalf of Chorterhouse-In- SotsthwarkTrustee C¢mpanv ThE Ilotes on pages 9 to 21 form an Integral part ¢1 these financlal statements. Page 8 Charterhouse.in-Southwark Notes to the Flnancial Statements for the Year Ended 31 March 2025 I Chailty status The charlty15 domlclled In En8lènd and Wales. The addrtrssof its reilstETed offlce Is: TMF Group 13th Floor Onè Angel Court EC2R 7HJ These ftnanclal statements were authorlsed l01155ue by IheTrustee on 11 Ntrvember 2025. Z A¢¢ountih4 polldes st4tement oftompllanre The flnanclal statements live been prEpaTed In attt*rdance wlth Act orVèlu•tlon At l Aprll 2024 levaluatlon 4,70g,471 190.7971 40,016 112.1381 4,708,471 190,7971 40,016 112,138 Addltlon$ DIsposa15 At 31 March 2025 4,645.552 4,645,552 N•tbook v4lue At 31 March 2025 4 645 552 4,645 552 At 31 March 2024 4,708,471 4,708,471 13 Dobtors 2025 2024 Prepayments otherdebtor5 L272 31,116 1.680 22.419 32.588 24.099 14 Current a59et inve5tmenb 2025 2024 C4sh depos5ts 5.235 All current a$$et$ Investments were held In th• UK. Pa8¢ 18 Charterhouse-in-Southw?rk Notes to the Flnanclal Statement$ foT the Year Ended 31 March 2025 (c(Intlnuedl 15 Cash and c&sh equlvalents 2025 2024 Cash at bank 112,518 92,492 16 CredStors: èmoyntslalllnE due within uneyeaT 2025 1024 Trade creditor5 other credltors ID6.QOO 902 48.OCQ AtCfuè15 Delerred Income 7,460 25,1)x> 7.t96 25.000 139.362 80,196 17 Non adlusilng p05t balan¢• 5he•t evthts Substquint to the year end. we recebved hotlfttatlon that B charfty thatwe had awarded a thTee-year grant to, had ce05ed operatlon5. Therefore. the final two years ol Brant payments tDtallln8 U0,000 wlll not bE pald, whl¢hwWI be reco8nlsed •5 a redurtlon ih 8rant payments h) the y2•r ended 31 March 2026. Page 19 CharteThouse4n-S0￿hWark Notes to the Flnancial Statements for the Year Ended 31 March 20251contlnued) 18 Fund$ CurrtntY?arFiiuYe¥ oiher Re5uur¢45 fecognlsed ey*nded Bains/lloss*$1 B41anre at 31 March zw BilaTLce at I April 2024 lTr¢oml ¥wouTc•$ Unrestrlcted Genernl General FuTrds 4.750.10 194,405 1202,4131 190,7971 4.651,296 DeJlgnqteLI Flxed Asset Fund 202,753 202,753 Tot•1 funth 4,951854 202 413 19),7971 4,854,049 Prlor Year Comp4rative other Aqsourvs retognlsed •xpEnded ylnslllo5sesl B41anee4t 31 M4rch 1024 In(omin8 r￿0Yrt*S Aprll 2QZJ UnreslYlrt•d General General Funds 4.B63.465 178aF5 {227,7131 164.0361 4.750,101 Flxed Asset Fund 202,753 202,753 Totsl funds 5,066,218 178,385 1227,7131 164,036 4.952,854 The spe£llic purposes lor whlch the lunds 4re io be applled are a5 follows: The Deslgnated Fund. 15 a fsxed asset lund whlth represents the book Value of bulldin85 and flxiures and flttln8$ whlch were not funded by restricted 8Tants. Page 20 Ch3rteThouse-in-Southwark Notes to the Flnanclal Statements lor the Year Ended 31 Marth 2025 Icontlnuedl 19 Anaty515 of net a$stts betwo•n funds Currentyear Flgures Vnresltlcttd funds General Total funds at 31 Mar¢h 2025 Tanglble fixed a$5ets Flxed a$5et Investments CuTrenl8ssets 202,753 4.645,552 145.196 1139,3621 202,753 4.64S,552 145.106 1139,3621 Current Ilabllitles Tolal net assets 4,854.049 4,854,IXg Prloi Year FI8uT•S Unrestrf¢t•d fund$ Gener•1 Total f4nd$ at 31 Maroh 2024 Tan8lble flxed assets Flxed asset Investment5 Curfenta55etS Z02.753 4.708.471 121,826 80,196 202,753 4708,471 121,826 180,1961 Curient Ilabllrtles Total net a55ets 4.Y52,854 4,952 854 Page 21