Provision Trade Benevolent Institution Trustees. Report and Accounts for the year ended 31st December 2025 Contents Trustees, Report Page 24 Statement of Financlal Artivltles Page 5 Balance Sheet Page 6 Notes to the Accounts Page 7-9 Independent Examlnerfs Report Page 10 Registered Charity Number: 209173 THE PROVISION TRADE BENEVOLENT INSTITUTION {Registered Charity No. 209173) Trustees, Re ort for the ear ended 31 December 2025 Ob"ectives The Charity was established in 1835 to provide financial and other assistance to former members of the Provision and Ajlied Trades who have found themselves in financially distressed circumstances. Our objectives remain unchanged, but in recent years we have also been able to assist current employees faced with unexpected financial problems. The Trustees believe that the PTBI meets Public Benefit Guidelines because there are many employees and ex-employees of the provision trade, who could potentially become beneficiaries. Structure and Trustees Committee of up to 12 Trustees, who are elerted at the Annual General Meeting. No Trustee receives remuneration or other benefit from their work with the charity. The Committee meets every three months to consider new Brant applications and all other policy matters. Day to day operation Is delegated to a part time Secretary & Treasurer. Regular vislts to beneficiaries take place, usually conducted by our welfare Vlsltor. During 2025 the duties of the welfare visitor were carried out on an interim basls by the Secretary & Treasurer. Activities and Achlevements We offer financial assistance to past or current employees in the provision or allied trade5, or their dependents. We help by Biving quarterly grants or one-off payments to assist with special purchases, home improvements or everyday expenses. In 2025 we continued to give one-off grants to meet a variety of needs including general livin8 COSt5 and support in replacing household applian￿> We were able to keep the quarterly grants at the level of the previous year. We celebrated the charIt￿$ 190th Anniversary on 29 October 2025 with a lunch for tru5tee5 and 5UPPOrters, which received coverage in the trade pre55 and enabled us to spread our message more widely. We continue wlth our promotional efforts, and we plan to hold the inau8ural draw of the fundraising 190 Club in earlv 2026. We endeavour to Snform relevant companles and organisations about the assistance on offer to eligible clalmants. Flnancial Review Outgoings exceeded income by £11.5k, a reduction of £6k in the deficit compared to last year. This was primarily due to a reduction in grant expenditure, although there were also slight Increases in income. During the year £15k was taken from our investments. The stock market performed well in 2025. particularly in UK equities- overall, the funds showed a return of nearly 7%. with the value of the investments increasing by £50k to achieve a closing position of £993k. We are very grateful for continued trade support and the generosity shown by our existing subscribers. and we continue to search for new sources of income and regular subscribers. Trade dinner prize draws this year including the biennial Bristol dinner raised nearly £8k. The trustees receive regular (Jpdates from, and meet annually with. Charles Stanley. stockbrokers, who manage the main investment portfolio. and we consider our investments and the income they generate to be holdinE up well despite the uncertain geopolitical climate. The trustees deem PTBI sufficiently resourced in the short and medium term to continue its charitable activtties.. The trustees bear in mind the continuing need to increase the charity's income to be able to meet expenditure in the long term. Reserves Poli The charity does not hold specific reserves, as any welfare expenditure exceeding income will be covered by liquidating the necessary investment holdings. Trustees, Res onsibilities CharSty law require5 the trustees to prepare financial statements for eath financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that perlod. In preparing those financial statements. the trustees are required to: select suitable accountSn8 policies and then apply them consistently; make judgements and estimates that are reasonable and prudent.. prepare financial statements on a going concern basis unless it Is inappropriate to presume that the Charlty will Continue its business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accur3cv at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also Tesponsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the preventlon and detection of fraud and other irregularities. Re lstered Address 17 Clerkenwell Green, London ECIR ODP Trustees Clare Cheney, Haywards Heath, RH16 2DT 2024 Sarah Oavie5, Bristol, 8S9 ITZ 21x12 John N Howard. Chearsley, HP18 OBT 2017 Alexander Hume, London, N5 IXD 2024 Phi1Sp Lan8slow, Wilmslow. SK9 75P 2019 C Richard Link, London, W8 4 1982 Mike Mi115, Kent, TN13 IJF 2022 Brian Murrell. Harrogate, HG3 40E 2020 Geoffreyjohn Pearce. Tunbridge Wells, TN2 5XG 2014 Anthony M Stanton, Radlett. WD7 8LO 2011 Chartes Storr. Leighton Buzzard, LU7 ORJ 2013 Se¢feta & Treasurer Ruth Hinkel-Pevzner. London W14 OOP 2022 Inde endent Examiner S Witriol, 9 Woodberry Way. London E4 7DY 2023 Bankers National Westminster Bank plc, 134 Aldersgate Street, London, ECIA 4JB 1849 Stockbrokers Charles Stanley & Co. Ltd., 55 8ishopsgate, London EC2N 3AS IThe years denote when flrst appointed or elected to the PTBII Slgned on behalf of the Board of Trustees: Sarah Davies, Trustee Brian Murrell, Trustee Date.. 13 May 2026 Pro¥islon Trade Benevolent Institutlon." Statement of finan(ial Actlvities for year ended 31st De¢ ZO25 Unrestrlcttd Funds Capital Fund Income Total Total Fund 2025 2024 Note Incoming Resources: In- klnd donatlons Donations Invèstmerrt income Gift Ald recovered Subscripttons PrSzÈ Draw Bank compensation 75 Z.119 39,282 328 1,380 38.296 1.380 38.296 7,686 7025 6.225 6.181 163 7025 56.071 56,071 54.402 Outgoln8 Rex¥urces: Charltable attl￿tIes. Pensions and 8rants Welfare vlsltor 46,794 54,IlXJ 3.046 57,146 50.858 50,858 Govèrn•n¢e: Secretaryltreasurer Postage. prlntln8 and mSsc Zoom fee Annlvèrsary lunth Stockbrokèrfs fe Bank fee Independent examlnerfs fees 8,350 479 412 412 75 1.425 5,093 164 7￿) 1.425 5,093 164 5.013 203 71)0 16.694 67.553 16.694 67.553 14,821 71.966 Net out¥oln8 resources 111,4821 IIIM21 {17,5641 Transfer between funds Galn on Investments 115,(IxJ} 64.514 15.IXN) 5.093 69,607 17.891 Net movement In fvnds 49.514 8.611 58.125 326 Funds 31" December 2024 943.703 22,610 966,313 965.987 Nèt movement In funds 49.514 8,611 58,125 326 Funds 31" December 2025 993.217 31.221 1.024.438 966.313 Provision Trade Benevolent Institution Notes to the accounts for the year to 31st December 2025 (continued) l. Accounting policies {continued) Expendlture Expenditure is recognised once there is a legal or construrtive obligation to transfer economic benefit to 3 third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Charitable expenditure comprises pensions and grants made and the cost of the welfare visltor in furtherance of the charit￿5 objectSves. Governance costs include those costs assooated with the meeting of the constitutional and statutory requirements of the charity and costs linked to the management of the charity. Flxed asset Investments Fimed asset investments are carried at rnarket value at the balance sheet date. Revaluation gains or losses are recogn55ed in the Statement of Financial Activities. 2. Income from donatlons DonatSons relate to the general donatlons glven to support the work of the Provlsion Trade Benevolent Institution. Donations in kind are recognised as a separate income stream. 3. Subscrlptlons The sums fluctuate each year and are treated on a receivable basis. In the current year the total was £7,686 12024 £6,255) 4. Trust**s' r•mun•ratlon No remuneration or expenses were paid to the Trustees durin8 the year12024 £NILI. Provislon Trade Benevolent Institution: Balan￿ Sheet as at 31st Decernber 2025 2025 2024 Note Flxed asset Investments Current assets Debtors 993.217 943.703 Investment Income Subscriptlon5 Glft Aid receivable Other debtors Cash at bank 2,983 1.625 2,500 437 3(Kl 27.080 3Z,717 19.094 24,010 Current Ilabllltles Credltors ProfeS￿onal fees 1,496 1.496 Net current assets 31.221 22.610 Net assets 1.024.438 966,313 Charlty funds: Unrestrlcted funds Capltal Income 993.217 31.221 943,703 22,610 1,024.438 966.313 The notes on pages 7-10 form part ofthese accounts Approved by the Trustees on 13 May 2026 Trustee: SARAH DAVIES Trustee: CRSLINK Provision Trade Benevolent Instttution Note5 to the accounts for the year to 31 December 2025 l. Accounting pollcles Basls of preparation of financial statements The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts anil Reports) Regulations 2008 only to the extent required to provide a 'true and fair, view. This departure has involved following the Charities SORP IFRS 1021 publishe(J on 16 July 2014. The financial statements have been prepared under the historical cost convention with items retoBnised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in a¢¢ordance with the Statement of Recommended Prattice: Accounting and Reporting by Charities preparing their accounts in attordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and Charities Att 2011. Fund Accountlng The two funds, capital and the Sncome. of the Provision Trade Benevolent Institution are both unre5tri¢ted. Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Income All income is recognised In the statement ot financial activities ISOFAI when the charity is entitled to the Income and the amount can be quantitied with reasonable accuracy. The followin8 specific polScles are applied to specific categories of income: al Voluntary income received by way of grants. donations gifts and subscriptlons is included in full in The Statement of Financial Attivities when receivable: bl Any Investment income is included when reteivable- cl Any resour￿5 from tax claims a￿ included in the SOFA when receivable- Legacy Incorne Legacies are included in The Statement of Financial Activities when re￿Ipt is probable, that is, when there h35 been grant of probate. the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Provision Trade Benevolent Institution Notes to the accounts for the year to 31st December 2025 (contlnued 5. Investment5 2025 2024 Valuation as at December 31" 2024 943,703 952.826 Transfer to income account 115.00)) 127,0131 Gain Illossl on Investments: Reallsed loss Unreallsed 8ain 64.514 17.890 Net galn /110ss1 on Investmènts 64.514 17,890 Valuation as at December 31" 2025 993,217 943,703 Investments comprlse.. Valuation Valuatlon 31.12.24 31.12.25 Quoted investments at market value 993.217 943,703 993.217 943,703 6. CharFty Funds The movements in the Charity Funds are shown in detail on the Statement of Financial Actiwties on page 5 Provlslon Trade Benevolent Instltutlon Independent Examlnerfs Report to the Trustees of the l>rovi5ion Trade Benevolent Institution I report to the charity trustees on my exarnination of the accounts of the tharity for the year ended 31st Decelnber 2025. Thls report is made solety to the tharity's trustees. as a b(xty, in accordance wlth Part 4 of the Charities (Accounts and Reports) Regulations 21x18. My work has been undertaken so that I mlght state to the tharity's trustees those matters l arn required to state to them In an IndependeTrt examinevs report and tor no other purpose. To the fullest extent perrn•tted by law. I do not accept or assume responsibllity to anyone other than the charity and the charlty's trustees as a body, for my work or for thi5 report. Responslbllitles and basis of report As the trustees of the charity you are re¥¥onslble for the preparatlon of the accounts In accordance with the requirements of the Charltie5 Act 20111.the 2011 Act.). I report In respect of my examlnatlon of d4rltys accounts orrled 04rt under Section 145 of the 2011 Art and In carrying out my examlnatlon I have followed all the appllcable Dlrectlons glven by the Charlty Comm5sslon under settl(￿ 14515){b) otthe 2011 ACL Independent examlnees statement I havÈ cornpleted my examlnatlon. I can ¢onfirnb that no mattels have come to my attention In connertlon wlth the examlnatlon giving me cause to belleve that in any materlal respert: accountlng records were not kept In respert of the charlty as required by seclion 130 of the 2011 Art; or 2. the accounts do not acconl wlth those reconls; lx 3. the accounts do not tomply wlth the applkable requivements concernlng the forni and tontent of atcounts Set out in the Charitits IAccounts and Reports) Regulations 21W)8 other than any requirement that the accounts give a 'true and falr. ¥lèw whlch Is not a mattar eonsldered as part of an Independent examinatlon. I have no concerns and have come across no other matters in connertlon with the exarnination to whlch attention should be drawn in this report in order to enable a proper understsndlng of the acwunts to be reached. 5 Witriol Independent Examiner 9 Woodbevryway. LoThJon E47DY Date: 19 March 2026 io