2025-03-31-accounts

EDWARD HARVIST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NUMBER: 211970

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Contents Page Section 1 Legal and Administrative Details Section 2 Trustees, Annual Report Section 3 Statement of Trustees. Responsibilities Section 4 Financial Statements Section 5 Independent Auditor's Report 17 Appendix 1 Distribution of Grants by Trustees 2024-2025 20

SECTION 1: LEGAL AND ADMINISTRATIVE DETAILS Trustees The Truslees consist of a representative of each of the beneficiary authorities. The following trustees continued in Offi￿ throughout the period Where indicated, changes have taken place between the year end and the date the accounts were signed.. London Borough of Barnet Councillor Edith David London Borough of Brent Councillor Ihtesham Afzal (until May 2024) Councillor Ajmal Akram (from May 2024) London Borough of Camden Councillor Heather Johnson, Chair London Borough of Harrow Councillor Pritesh Patel (until 16 May 2024) Councillor Jean Lammiman (from 17 May 2024} City ofwestrninster Councillor Concia Albert (unb'l May 2024) Councillor Md Shamad Chowdhury (from May 20241 Advisers The London Borough of Harrow administers the Charity. Its powers of investment are limited by the Trustee Investment Act 1961. Principal address The Honorary Secretary. Edward Harvist Charity. L.B. of Harrow, Harrow Council Hub, Forward Drive, HARROW. HA3 8FL. Honorary Secretary Vishal Seegoolam Democratic, Electoral and Registration servI￿s Manager (London Borough of Harrow) Honorary Treasurer Sharon Daniels Director of Finan￿ (London Borough of Harrow) Registered Custodian Bank of New York Mellon {International) Limited, One Canada Squafe. London, E14 SAL Investment Managers BlackRock Investment Management (UK) Limited. 12 Throgmorton Avenue. London. EC2N 2DL Auditors Alliotts LLP Chartered Accountants and Business Advisors, Manfield House, 1 Southampton Street, London, WC2R OLR. Bankers National Westminster Bank Plc, Harrow Town Centre Branch, 315 Station Road. Harrow. Middlesex HA1 2XZ.

SECTION 2: TRUSTEES, ANNUAL REPORT The Trustees present their Annual Report and Financial Statements of the Edward Harvist charity for the year ended 31 March 2025 The Financial Statements have been prepared in accordan with the accounting policies set out in Section 5 to the accounts and comply with the Charity's governing document, the Charities Act 2011 and the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable in the UK and Republic of Ireland IFRS 1021 leffecbve 1 January 2019). Structure Governance and Mana ement The Edward Harvist charity (also known as the Harvist Estate) dates back to 1610 and is registered with the Charity Commission under charity number 211970. The Scheme of Administration is set out in The Charities (Edward Harvisys Charity) Order 1975. The Fund relates to income from estates formerly administered by Hendon Rural District Council on the line of the Edgware Road. These properties have been sold and the monies are now invested in an investment portfolio, the income from which is distributed in full to the beneficiary authorities in proportion to the length of the Edgware Road passing through their areas. Appointmenl of Trustees The trustees consist offive competent persons appointed to represent each ofthe London Boroughs of Barnet, Brent, Camden and Harrow and the City ofwestminster. The trustees in office during the period of this report are set out in Section 1. Details of offi￿rS and advisers are also set out in Section 1. Each appointment is normally made for a specific term at a meeting convened and held according to the practice of the appointing authority. The person appointed may be, but need not be, a Member of the appoints'ng authoiity. Trustee Induction and Training New Irustees are provided with copies of the Trust Deed, Annual Report and Accounts and the Charity Commission guidance {'The Essential Trustee,). Trustees understand the importance of undertaking training. Ob'ectives and Activities for the Public Benefit The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidan￿ on public benefit when reviewing the Charity's aims and objectives and in planning future activities and selting the granl-making policy for the year. The Charity's objective is to further all, or any. ofthe following purposes.. The relief of the aged. impotent and poor inhabitants of the London Boroughs of the City of Westminster, Barnet, Brent, Camden and Harrow (the inhabitants of the said London Boroughs being hereinafter referred to as "the said inhabitants"). The relief of distress and sickness among the said inhabilants-, The provision and support {wth the object of improving the conditions of life for the said inhabitants in the interests of social welfare) of facilities for recreation and other leisure-time occupation..

The provision and support of educational fa￿litieS for the said inhabitants.. and Any other charitable purposes (whether of a nature similar to any of those herein before specified) for the benefit of the said inhabitants. The Charity distributes funds lo the five authorities who then make grants to appropriate Organisations for public benefit to improve the lives of their inhabitants Ml five beneficiary local authorities report details of the grants made in their boroughs to the board of Trustees. Appendix 1- lists the distribution of grants in 2024-25 by the London Borough of Harrow, Barnet, Brent, Camden and by Westminster City Council. Risk Mana ement The Iruslees confirm that systems have been established to enable regular reports lo be produced so that the necessary steps can be taken to lessen the major strategic. business and operational risks which the Charity may face Currently the main risk facing the charity Is ensuring good returns on investrnents held. Financial Review Investment Polic Perfomiance and Achievements The Charity s investment policy continues with the objective of maintaining a balanced return between long-term capital and income grovAh. The market value of the fund's investrnent portfolio as at 31 March 2025 was £10 190m131 March 2024 £10.599m), a decrease of £0.410m13.87 % ). Having taken appropriate advice from the Chanty's Independent Investment Advisor, the Trustees approved a significant realignment of the Charity's investment assets in 2020-21 . Following that realignment, all the Charity's inveslments have been held in the Blackrock Charities Growth and Income Fund since July 2021. Marketvalue at 31.03.24 Addlilons at Cost Sale Pro¢oods at Cost Rpa1150d ProfltlLoss hangg In Marketvalvo Mhrkelvalve at31.03.26 Èookvalvfr at 31.03.26 8kckrod( cha￿rt￿$ Growth & Income Fund 10,599,194 -409.687 10.189.507 10.9PA).760 10.$99.194 409,687 10,189,507 10,960,760

The chart below shows the change in market value ofthe portfolio over the last three years Investment valuation at 31 March 12.(XKI.(KK> 8,(IKJ,OD) 6.0(XJ.O(K) 4.OL￿.00) 2,0(K>,O(KJ 2023 2024 2025 The Blackrock Charities Growlh and Income Fund is a multi-asset fund, and hen￿ the actual asset allocation will vary from time to time. All of the Charity's assets have been held in this Fund since the completion of the transition of property assets into the Fund during Q2 of 2021 The table belowshows the Fund's strategic benchmark allocation to each asset class. and the aclual allocations at the end of each quarter in the year to 31 March 2025 Asset Class Strateg Benchmark location IC￿L￿n al 30 Sept 2023 location al 31 Dec 2023 Ajlocalion al 31 March 2024 Allr)calion al 31 March 2025 Global equrties 60 59.2 60.0 62.2 52.3 Fixed Income 20 17.1 18.1 19.7 27.5 lernatives 20 25.7 24.3 16 1 Cash and Derivative over Tolal 100 loo 100 100 100 The Charity's total income during the yearwas £388.995 (2023-24 £365,372) After allowing for net operating cosls amounting to £20,387 (2023-24 £20.399) and the £368,608 {2023-24 £344,973) which was distributed to the beneficiary authorities as set out in the Scheme of Administration (and shown in the notes to the financial statements), the net operating income was nil (2023-24 nil) The beneficiary authorities have ￿rtifIed that the distributson monies have been, or will be, spent in accordance with the objectives of the Charity- The net movement in funds was- £409,687, reflecting an decrease in the market value of investrnents (2023-24 was £229.237, reflecting an increase in the market value of investments).

Incoming Resources over 6 years {£) 450.L 400,(K)O 350.(KM) 300.wo 250.LKIO 200.(K)O 150,000 i(K).000 50.0(KI 2025 2024 2023 2022 2021 2020 During 2024-25 the Trustees met on 1st July 2024 and 24 Jan 2025. They considered reports on monies disbursed lo the recipient authorits'es and details of their expenditure, the performance of the Charity's fund managers from both the managers themselves and the independent adviser. Future The market value of the fund investments decreased by 3.87 % in the year, mainly because of Ihe performance of equilies. compared with an increase of 2.2°h in 2023-24. In practice, financial markets are always potentially volatile In Ihe long term the Trustees anticipate that the value of the portfolio will grow, while at the same time continuing lo provide the consistent stream of income which is required lo facilitate the Charity's grant making objectives each year. Reserves Poli¢ In accordance with the Scheme of Administration. it is the policy of the trustees to distribute all net income received whilst maintaining sufficient reserves to meet administrabon expenses. Currently {at 31 March 20251 the endowment fund holds £10.189.507 (£10,599,194 at 31 March 2024) which is the value of investments held and therefore the charity has no 'free' reserves (unrestricted general funds).

SECTION 3: STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England & Wales requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the Charity and of the incoming resources and application of resour￿S of the Charity for that period. In preparing those financial statements. the Trustees are required to. Select suitable accounting policaes and then apply them consistently.. Observe the methods and principles in the Charities SORP; Make judgments and estimates that are reasonable and prudent.. State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- Prepare the financial statements on the going cOn￿M basis unless it is inappropriate to presume that the Charity will conknnue in operabon. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure thal the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports} Regulations 2008 and the provisions of the governing document. They are also responsible for safeguarding the assets of the Charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. H Johnson Chair- Trustee Signed on Behalf of the Trustees 23 January 2026

SECTION 4: FINANCIAL STATEMENTS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Restricted Endowment Fund$ Total Totsl 2023-24 Note$ 202446 In¢ome and Endowmenls from: Investments- Oividends 388.149 388.149 3￿.268 2,104 Interest Donations- Investment Fee rebate Total Income 388,996 388,995 365.372 Ex Charitable aciivities Governan￿ Costs enditure on- 368.608 20.387 368.608 20,387 344.973 20.399 Total Expenditure 388,996 388,995 36S.372 Nel operating Incoffle GainsllLossesl on inves1￿￿￿t 409.687 409,687 229.237 Net movement in lunds 409,687 409.687 229,237 Total Funds al 1 April Total Funds a131 March 10.599.194 10,189,507 lo.5￿, 194 10.369,957 10,189.507 10,599.194

BALANCE SHEET AS AT 31 MARCH 2025 31.03.2025 31.032024 Fixed Assets Investments 10.189.507 10.599.194 Current Assets Debtor- Cash with LB Harrow 17.376 94.549 Sundry Debtors 104.502 190,192 111,925 Amounts falling due knithin year -IW.192 -111.925 Net Current Assets NetAssets 10.189.607 10,699,194 Endowment Fund 10.189.507 10.699,194 The notes on pages 11 to 16 form part of these accounls. Approved by the Board of Trustees on 23 January 2026 and signed on ils behalf by= H Johnson Chair- Trustee Charity number= 211970 10

NOTES TO THE FINANCIAL STATEMENTS 1. Accountin Policies Chari information Edward Harvist Trust is an unincorporated charity registered with the Charity Commission in England and Wales with registration number 211970 The chanly's registered address is London Borough of Harrow, Harrow Council Hub. Fotward Drive, Harrow HA3 8FL. Basis of re aration The financial slatemenls have been prepared in accordan￿ wth the Statement of Recornmended Practice: Accounting and Reportsng by Chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021(effeclive 1 January 2019) and the Charities Act 2011. The charitable trust has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The accounts departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required lo provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which referred to in the Regulations, but which has since been withdrawn. The accounts are prepared in sterling, which is the functional currency of the charitable trust. Monetary amounts in these financial statements are rounded to the nearest £ The trust constitutes a public benefit entity as defined by FRS 102. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted as set out below. 1.2 Goin con￿rn At the time of approving the accounts. the trustees have a reasonable expectation that the charitable trusl has adequate resources to continue in operalional existence for the foreseeable future. Thus. the trustees continue to adopt the going concem basis of accounting in preparing the accounts. 1.3 Investments Fixed asset investments are initially measured at transaction pri￿ excluding transaction costs and are subsequently measured atfair value at each reporting date. Changes in fairvalue are recognised in net incomellexpenditure) for the year. Transaction costs are expenses as incurred_ Investments are shown in the accounts at fair value, which has been determined as follows.. Listed securities and securities on the Unlisted Securib'es Market IUSM) are shown by reference lo bid market price at the close of business on 31 March 2025,

Other unlisted securities are valued having regard to latest dealings. professional valuations, asset values and other appropriate financial infofmation-, Unit trust investments are stated at the mid point of the latest prI￿S quoted by their respective managers prior to 31 March 2025., Where appropriate, investments held in foreign currencies have been valued on the relevant basis and translated into sterling at the rate ruling on 31 March 2025, and Gains and losses, whether realised or not. are reported in the Statement of Financial Activities. 1.4 Charitable Funds Permanent Endowment represents a fund where the capital is required to be relained but the income from this fund can be spent subject to specific restrictions contained in the original endowment. Restricted Fund represents the income ofthe pe￿nanent Endowment Fund whose use is restricted lo specific purposes according to the term5 on which the income was received. 1.5 Income All incoming reSoUr￿S are included in the Statement of Financial Activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. Investment income is included when receivable, and includes dividends. interest and investment fee rebates. All income re￿iVed from the investment fund is trealed as restricted income to be distributed in line with the objects of the Charity. Ex enditure Expenditure is recognised on an accrual basis as a liability is incurred. Charitable expenditure comprises costs of activities in furtherance of the charitable objects. Support costs include those costs associated with meeting the constitutional and statutory requirements of the Charity together with the costs of running the Charity such as audit and administration fees. 1.7 Cash and cash e uivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid Investments with original maturitses of three months or less, and bank overdrafts. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are inibally measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 12

1.9 Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amorb'sed. Debt instruments are subsequently carried al amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or setvices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Dereco nition of financial liabilities Financia1 liabilities are derecognised when the charitable trust's contractual obligations expire or are discharged or can￿lled. 1.10 Taxation The Charity is not liable to UK income tax on income arising in relation to its charitable activitie5. The Charity is not able to reclaim VAT on its expendilure. and so all expenditure is shown inclusive of VAT. 1.11 Distribution of Funds The total investment income, less the support costs, is fully distributed to the beneficiary authorities. 11 is at the discretion of the authorities how the money is spent, but each authority is required to certify that the monies have been. or will be, spent in accordance with the objects ofthe Charity. 1.12 Critical accountin estimates and ements The trustees consider that there are no critical judgements or key sources of estimation uncertainty in the accounts. 1.13 Trustees Remuneration No remuneration was paid to the Trustees, nor were any expenses reimbursed within the Current or preceding year. 1.14 Em There are no employees in the current or pre￿dIng year.

1. Income 2024-2S 2024.25 2023-24 2023-24 Re$trfcted Endowment Re$trl¢ted Endovnent Fund Fund Fund Fund tl'vidends Interest ILB Harrow) 388.149 363.268 2.104 388.995 365.372 Otsnation- Inveslment Fee Rebate Total Incom& 388,995 365.372
2. Charitable activities 2024-2S 2023-24 Dlstrlbutions to Authorities London Borough of Ba￿￿1 London Borough of Brent London Borough of Carrthn London Borough ol Harrow City ofwesltninster 31.012 114.312 102.031 39.493 20,620 Y2.152 368,608 1(hS.983 95.489 36,9eKJ 19.298 86.243 344.973 27.680 10.714 5.594 25.(KK) 11)O.IXIO Support Costs (Note 41 20.387 20,399 Total Charitsble Expenditure 388.995 365.372

3. Su ort cosls 2024-26 2024-26 202>24 202>24 Re$trl¢ted Endowment Restricted Endowment Fund Fund Fund Fund Adminislralion o)sts ILB Harrow) Trustee5' Insuran 7.763 218 7,265 218 Professional Fees- Inve$lnEnt Advi80r Stock Exchange Register Annual Audit F 4.320 4.320 8.208 -122 8,OTrJ 500 Increase lo Prior Year Audit fee 20.387 20.399 Investment Management Fees 20.387 20,399 14

4. Inveslments Book Val al 31.03.24 Markèt Value at 31.03.24 Book Value at 31.03.25 Markèt Valuo at 31.03.26 Cumulatlve Appreclation on Book Value Annual Appreclatlon on Markot Value Blad(rOc￿ Charitie5 Growth 8 Income Fund lo.￿,760 10.599.194 10.9EKI,7 10.189.507 7.04% 3.87Yo 10.960.760 10,599.194 10.960.760 10,189,507 7.04•A 3.87°

5. Sund Debtors The following table sets out sums owed to the Charity but for which payment had not been received by 31 March 2025 2tr24.25 X123.24 BIackrl￿k Invest h¢(xne 11M,50 94.549 104.S02

6. Liabilities- Amounts fallin due within one ear The following table sets out sums owed by Ihe Charity bul for which payment had not been made by 31 March 2025 2024-26 2023.24 London Borou9h of Barrel London Borough of Brent London Borough of Camden London Borough of Harrow City o[Wes￿inSter Aud11 Fee 2024-25 London Borough of HarTDW &mintslraliTh) -55,670 49,688 -19.233 4.753 44.877 4.208 -7.763 .23.648 -21,107 -8.170 4.266 -19,063 .000 .27,453 Sundry Creditors -218 -190.192 -111.925

7. Fund Movements Anatysls of Movement of Funds Balance as at 31.03.24 Net Movemènt of Funds Balante a# at 31.03.26 Income Expenditure Gain$1105so$1 on In￿stMentS Reslrided Funds 388.995 -388.995 Endowment Funds 10,599.194 409,687 409,687 10.189.507 Total 10,599,194 388,995 -388,995 10,189,507 Analy$l$ of Net Assets at 31.03.25 Tanglble Flxed Assets Current Assets Cuffent Llabllllles Balan¢6 as at 31.03.25 Restricted Funds I￿￿.192 -190.192 ErKlowmenl Funds 10.189.507 10.189,507 Total 10,189,507 190,192 -190.192 10.189,507

8. Related Party Tran$a¢tlons By the terms of the oruinal trust deed. all the trustees are representatives of the London boroughs that re￿1ve grants from the Charity, the details of which are disclosed in the* notes. The London Borough of Harrow provides administration support. the fees are which are disclosed in note 4. and holds the cash funds of the Charity pending dislribulion. Apart from the above, there are no other related party Iransaclions. 16

SECTION 5: INDEPENDENT AUDITOR'S REPORT Opinion We have audited the financial statements of Edward Harvist Charity (the "ChaTity'I for the year ended 31 March 2025 which comprise the Statement of Financial Activities. Balance Sheet and notes lo Ihe financial slalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in Iheii preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom General￿ A¢￿pted Accounting Practice). In our opinion, the financial stalemenls- give a true and fair view of the slate of the Charity's affairs as at 31 March 2025 and of ils income and expendituie for the year then ended., have been property prepared in accordance with Uniled Kingdom Generally A￿pIed Accounting practi￿., have been prepared in accordan￿ with the requirements of the Charities Act 2011. 8asis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of Ihe financial slalemenls seclKTrn of our report. We are independent of the Charity in accordance with the ethical iequiremenls that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and the provisions available for small entities, and we have fulfilled our other ethical responsibililies in accordance with these iequiremenls. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concem In aLJditing the fir)ancial slatemenls. we have concluded Ihal the TTUStees' use of the going concem basis of accounting in the preparation of the financial slalemenls is appropriate. Based on Ihe work we have perfomied, V￿ have not identified any matertal uncertainties relating lo events or conditions Ihal, individually or collectively. may cast significant doubt on the charity's ability to conlinue as a going concern for a period of at least Iwelve monlhs from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the relevant sections of this ieport. Other Information The other information comprises the inforfflation included in the annual report other than the fi'nancial slalemenls and our auditor's report Ihereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial slalemenls does nol covei the other information and we do not express any form of assuran￿ condusion Ihereon. In connection with our audit of the financial statements our responsibility is lo read the olher infomialion and, in doing so, consKler whelher the other information is malerially incx)nsislenl wilh the financial slalements or our knowledge obtained in the course of the audil, or othe￿ise appears to be materially misslaled. If we identify such material inconsistencies oi apparenl material miss121emenls, we are required lo determine whether this gives rise lo a material misslatemenl in the financial statements themselves. If, based on the work we have performed, we condude Ihal theie is a material misslalemenl of this other information, we are required to report that fact. We have nothing to retM)rt in this Tegard. 17

INDEPENDENT AUDITOR'S REPORT Continued Matters on which we are required to ￿port by exception In the light of the knowledge and understanding of the charity and tls environment obtained in the course of the audit, we have not identified material misslalemenls in the trustees, report. We have nothing lo report in respect of the following mallers in relation lo which Ihe Charities {Accounls and Reports) Regulation$ 2008 require us to report to you if.. in our opinion.. the information given in the financial statements is inconsislent in any material respect with the Trustees, Report., or sufficient accounting records have not been kept.. or the financial slalemenls are not in agreement with the acc4)unting iecords." or we have not obtained all the information and explanations necEssary for the purposes of our audit. Responslbilities of the Trustees As explained more fully in the Trustees, Responsibilities Statement sel out on page 8, the Trustees are responsible for the preparatK)n of the financial slatemenls and for being satisfied that they give a true and fair view, and for such internal control as they delemiine is necessary to enable the preparation of financial statements that are free from maletial misstalemenl, whether due to fraud or erior. In preparing the financial slalements, the trustees are resw)nsible for assessing the Charity's ability to continue as a going COn￿rn. disclosing. as applicable. mallers re￿ted to going concern and using the going concern basis of a¢¢ounting unless the trustees either intend to liquidate the Charity or lo cease operalions. or have no realistic alternative but to do so. Auditor's responsibilitles for Ihe audit of the financial statements We have been appointed under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial statemenls as a whole are free from material misslalement, whelhei due to fraud or error. and to issue an audilor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is nol a guarantee that an audit conducted in accordance wrth ISAS (UK) will ahvays delecl a material misslalement when il exists. Misslatemenls can arise from fraud or error and are considered material rf, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slalemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our iesponsibilities, outlined at%)ve. lo detect material misstatements in respect of irregularities, including fraud. The extent to which our prO￿d￿re$ are capable of detecting irregularities, including fraud, is detailed below. Our approach lo identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations. was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identfy or recognise non-compliance wilh applicable laws and regulations", we identified the laws and regulalions applicable lo the Charity through discussions wrth Truslees and other management, and from our knowledge and experien￿ of the not-for-profil sector.. we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the CharilEs Act 2011. the Charities SORP 2019, and data protection. anli-bribery, employment. environmental and health and safety legislalion., we assessed the extent of compliance wilh the laws and regulations identified above through making enquiries of management and inspecting legal c0rreskK)nden￿". and 18

INDEPENDENT AUDITOR'S REPORT Continued identified laws and regulations were communicated within the audit team regularly and the team remained alert lo instances of non<0mplian￿ throughout the audit. We assessed the SuS￿pIlblIIty of the charity's financial statements to material misslatemenl, including obtaining an understanding of how fraud might occur. by.. making enquiries of Trustees and management as lo where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud- considering the internal controls in place lo mitigale risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. performed analytical procedures to identify any unusual or unexpected relationships- lesled journal entries lo identify unusual transactions- assessed whelherjLFdgements and assumptions made in determining the accounting eslimales were indicative of potential bias," and irivesligaled the rationale behind signifi{￿nt or unusual transactions. In response lo the fisk of irregularilies and rton-compliance WFth laws and regU￿tions. we designed procedures which included, bul were not limited to= agreeing financial slalemenl disclosures to underfying supporting documenlalion- reading the minutes of meetings of the toard of Tnjslees., enquiring of management as to actual and polenthal liligalion and daims; and reviewing correspondence with relevant regulators and the charily's legal advisors. There are inherent limitations in our audit prO￿dureS described above. The more removed that laws and regulations are from financial Iransaclions. the less likety it is that we would become aware of non- compliance. Auditing standards also limit Ihe audrt procedures required lo Klentify non-compliance with laws and regulations to enquiry of the Trustees and olher management and the inspection of regulatory and legal correspondence, if any. Material misslalements that arise due to fraud can be harder lo delect than Ihose Ihal arise from error as they may involve deliberate concealment or collusion. A further description of our fesponsibilities for the audrt of the financial statements is located on the Financial Reporting Council's websile al. www.frc.org.uklaudilorsresponsibilities_ This description forms part of our auditor's report. Use of our report This report is made solely to the Charity's Trustees. as a body, in accordance with part 4 of the Charities IAc¢ounls and Reports) Regulations 2008. Our audit work has been undertaken so that we might slale lo the Charity's Trustees those matters we are required lo slate lo them in an auditor's report and for no other purpose. To the fullest extent peimitted by law. we do not accept or assume responsibility lo anyone other than the Charrty's Trustees as a b(xly, for our audit work. for this report. or for the opinions we have formed. Alliolls LLP (Stalulory Audilor) Manfield Hoiise, 1 Soulhamplon St￿et, London, WC2R OLR Date.. 23 January 2026 Alliolls LLP are eligible lo act as an audilor under the terms of section 1212 of the Companies Act 2006. 19

endix 1 Grant Awards Summa 2024-25 Westminster Ci Council CKganisat￿Th'S name Ye¥1p￿￿ ' The mayorfs ofLondon'$ fuNJ fw YoJrvJ mwiuan$ iMM.2024 i.(KM).(M) Acadeiny ofSI Martin n Ihe Fi￿S (IM 2024 1.(KXJ.¢YJ My First 1000 Oays Allend 2W24 1.(￿.(¥) 4 2024 1.3(X).11) R￿h1 at Hotne Ceniral LorK Sl M£rtn in the F￿d8 (Kb4 2(r24 (Kb4 21Y24 Al the (Im.2￿24 12¢Xb. Abbey communityA551￿alx)n Lld Marykbore Bangladesh Swety EnG￿la98M8nI Through Ihe Arts & Talk Volla Iniwnalh)nal Feslwal Ltd 1.¢yJo.ri) IA)4.2024 1.645.ri) IK>5.2W24 800. 012.2024 1.gJO.D) DreamAris 012.2024 2.SJO.C North Padding1￿ Youth Cknb 012.2024 1.399.62 PKnlico mu￿c31 FoutKJaiion 012.2024 2.(XX).IX) . Hellenr Comtnunty Trust 012 2024 1.￿j.lY) . UK DRC 8%￿DGE 012.2￿4 l.WO.IJ) Caidinal Hume ￿ntre 012 2024 2.O)O.(Ki Central LON2(￿ Samaritans 012.2tr24 2.(K)D.(￿¢ English Nabmal Opera Russian Cotnmunity Ass￿ati CW Ihech3fity ofchelsea and we51mw￿e[ Ftiwial NHS Foundat￿n Trust 012.%)24 2.Iix>.rA) 012 ￿24 1.lYX).(K> 012.2024 1.MO.(KJ Clear Vilaye Chariabk Trusl 012.202 3.(INJ.( ESse￿Ine School 012.2tr24 2.340. UniVe￿ty OIwesiffins￿r Rol￿1%￿￿1 organisati 012.2024 012 2￿24 1.Y)O.(K Sl John's Hosp 012 2tr24 3.lJJO.LYJ F￿WoM¥) CIC 012.2￿￿4 1012.2024 012.3)24 1012.2tr24 2.970.iKI Sociy OfAnt￿Uaries OILty￿lOft Shrim8d Raichandra ￿￿510￿ thardmwr UK i.(yxJ. Slieetwise Opera 1.300.(#J Toial In￿ght Thealie 0122￿4 2.IXN). A0$a￿ Community T￿51 Sl B31n3bas' CE Prifflary Sch￿1 Nutsery Pipeline Prqect5 CommunityAFis 012 2￿4 1.800.(X) 012.2024 1.9)0. 012.W24 2.iXX).11) E¥ergreen Ttteairtal PrndL￿K￿ Ltd 012.2024 Polyphttic Colkctive 012 2W24 J.gJO.O) Groundwofk London 012.2￿￿4 2.915.Tr) ABACÉI 012.2024 1.W.(M) Friends ol Allend Abl 012 2ry24 Pio Touch SA CIC 012.2￿24 2.¢YMb (K 20

London Borou h of Harrow Organisation Herts Inclusive Theatre Horizon Youth and Community Action Malhsmakers Zest ol mind St Peler's Church Harrow Evolve Cycling Nelwo)Ik IGNITE YOUTH WeJam Foundation Evolve Initiative CIC Friends of Riverside Park {Splf( Ir)voicel North West London Lesbian and Gay GrLxJp Total 5.000 5,000 5,000 5.000 4,115 4,050 4,049 3,956 3.840 547 151 40.708 London Borou h of Brent Breiil CouNcil- F.dii'¥rd Harn'ist Trust Fund- Grants Aii'arded in 2024-25 Organi5ation rtAme Projetl Crr#￿t i'alue Pa>'ment P41ade ,IsiiiiJ People's Disi?bilit} Alliance I lapp%-, I l¢¥)lihi- & Inclusii'c £5.1￿.(￿) 2710512025 $1. Ilosnia & Ilerzcgoi'ina C.'omniunlt)' Il(li'i¢e Centre M'arnicr l-.nio)"ablc Spacc £5,0(K>.(K) 2810512025 SI. Breiit l.'hlnese As50¢iatioii 13uilding anJ %u%ldinirtg l-'quithble IIL?Ihicr Thrii'in8 Communilic5 £5,IXX). 2910512025 51. Brtnt Conimunili. Centre In(kFM()dLrn Ciurba £5.0(Kl. 0310612025 %1. IBI-C-C) Brent ￿le11r ap K¢￿'p cin Nl0% ing. £4.¥75.(X) 271051202) Sl. Breiit NIiisie Aca(leni%' Ilr¢nl IKlu%ii %ummLY C-onimiiniii -1 a51LT ￿.￿￿1[)￿ £5.(KK>. 101(K>QO?5 %1. Ilritlsh Curkh N'eiiAlest pI5SO¢lation -] he 13Teni Ciurkha C-omtnun¥l%- ALlii-ilic5 f 5.000.(X) 10.'06.QO?5 %[. C-aiions C'C CtsnlidLXlI (ijris in C'rickcL 5.(KK).IX) C.'hs)Ikliill l.'onimuiiit%' ¢enlre ('hJlK.hill'% Ci(M'l'aleni- l>anLC l-.diLion £5.IKK).IM) C'oiiimunili. Action on Dementia Brent l.ilneks l.u £4.4W.(K) 2¥IU5120?.$ 51. Gr￿￿KS.111e C'oniniiinili- l%itch¢n l..m¢T¥i'nCi' 1.cxxl Aid c-00rdi￿lOr £4.9(rf).(x) 29,.'(>j12fl? j %1. IIRrlesileii Yei%hboiirhood Troruni la(M) I'¢-m c>fi larIL￿(n E5.nlXI.IXb 0210()12112 j %1. A l?14lCC l() (iriei-l illLlu%iii' gTi¢r 511prA)ri pn)orainnic £4.970.(Mi -30'05J?O?S %1. l.teni' l.'#rdin FiiJan¢e "inaniial lili'raL. I ledlih and Il'cllbL"ing- In,116.'211?i 51. 21

London Borou h of Barnet Date Paid Payee Purpose Amount Jul-24 Jul-24 Arts Depot Productions ￿Mited Women In Development Enierprise Barnet IV Center of Excellen est on rtsan Grant Grant 10.fklO.QO 6,￿2.00 Jul-24 Jul-24 Grant Grant 9,850.00 5.Tr)0.00 ture Jul-24 Jul-24 Ott-24 Grant 5.C(10.00 S.C#)O.00 10.CQO.00 Our Yourh Mailers Mencap North London Hospice North London MusicTherapy Chabad Mill Hill East Grant Grant Oct-24 Oct-24 Grant Grant 4.S33.00 5,ty)O.00 Oct-24 Grant 5.CilO.00 5,Tr)0.00 8.307.71 S,C#)0.00 5.fy)O.QO 10,ty)0.00 lan-25 lan-25 lan-25 Feb-25 Feb-25 Wild about our woods Lifestyle Indusion Future Together Molay Solutions Care and Share NW London Homeless Action Irb Barnet ￿"mited Grant Grant Grant Grant Grant London Borou h of Camden Details of i expenditure in 2024-25 Date Paid 3113125 Payee Purpose Amount £ Camden Council- We Make Camden Proiect Funds For disbursemenl through the We Make Camden Pro ect Fund £64,886 71 Icommitled from EHT lo WMC