2024-12-31-accounts

Ch¢rlty number.. 215556 Th¢ knstltute of QvorTylng Èéftevolent Fund TI-USTees' Report ond Finonciol Slolemenis fof Ihe Yeai Eoded 310ec.efflhei" 2024 DAINS

AuDII

The.)nstltute of Iiu¥rrylng b•novol¢nt!und Cahtent a99 Rpference Ohd.Adinlni$tr.otlve Dotulls ot the Ckority. Its Trvstees ond AdYls•rs TrusEees' Report tr.uste•s' R¢sponsibilitles StqlerDei)t Independènt Auditgr* Beport orf th¢ FlnyntEoI StotemeF>fs St¢4teMont of FlnoFKiril Activtttes BuIgn￿ Sh¢et 10 Noies Ko.the flrnlndollt¢t¢ments f-1_20

Th¢ In"stitut•.of Quorrying Benovolent Fund Rof¢reNee uridAdmtri istr•tWp DwuIL8.of the"Charit¥. Its Trusseès and Advk¥er5 For ihè"V.èar EndÈd.31 Deéèmber 2024 Yrustses. Poul George Collodine, (b0tr..f!￿19rted 20 Sep¢mber?o24) John 14lcGough, Deputy Cholr WÉviEn Rus6ell. Ek Prèsld&nfof the thstilUt¢ oF..Q"b(Irtying .8enWillloms Chgirmonnnd Pre51dent ol thplnsY¥Ute.ol QuarrySTrg Russèii Dowd MawryTreosvrer jan￿ Thorne Kenneth John.Brudley Brion Wiltshltre .NigèlNoriorT Tyrorie.Partridgè Lou4seV¢tr41&'Secfettsiy Liati'gau4ders IL)ppthntètJ 20Septert>èr2024y Chorify tog¢stereil ll￿M￿er 2F3586 IDdpul offioe otl¢¥iolsione CeDire "P4?rtN lo￿￿. Witksworth DF4 ILS Welfore Offitsr. W Zabiodd .ifidepentlènt dtsdlt¢r£ alrts pjjdil Limlte¢S l Etrurta OlllcÈ Vllltyje . F.orge.i4ne stoke ortTretst StaNordsNre sn 5FSQ ank.ers Upyds Bonk .12-16 Pts(Ilomentst¢&t Nottinghorn NGI JI)A Scilidtors .Sh*stsxqre 20 kjewwolk Lficesler LEI 61.X PxYde.7

Th• Instllvte ¢f Qvorr.Wng Uenqvolent Fvnkl Txvsreeg Rvp¢Jrt kor the Y•or Éndqd31 De¢eintrer 2024 The TrusleÈs pré5tni'tlieir oanuol ieport ioyother K¢fh'th£.Qudtted. IiwnElul 4at¢roents'oi the.Chority lor the yeor I Januow 2024 ttr61 Dgc.pmtrRr 2G24: 'QkthEtlves ljnd rfctltritle¥ 4. Oolltl&s i)nd oblectives" 'In setbng obtedives plothino for uthitles, Ihe.Tiuatètg hove gP0¢ry cons}detcthon tts genercl gts4Sanc•_ publlshed.by chorlyy cornnsssbn ¥gltstOg io pubfic tenept Or￿ In pothcblar Jo 115 supplerrientory pvbilc"bèneflt gthdarce prevention QnL relref or.p0￿enYfj0rt￿È public benefh. Tfje ebjeci ot'The InsofLffe of Quwrylng Benev¢le.ff kLnd ¢IQBP}'IS ttr oIForé o5515iOPC2 to ￿ete$s1t0￿$ Members..'or rormer or ihelr detsÈn¢ants (the 8ènèflelpdesl by m¢ans o! gwts. loons nr Oth¢trk￿s.P, ."b. ACtI￿11e$ undert4ken io ¥Jthieve gbs<¢tFVèS The TrrJSTees.dwuus ep.sure.thot Ihe eCt￿lIsES ihe CThar."rty are In I￿ tiur th,OrltC4blE Dblects on¢J 01m5. our.alm Is ro"055t TrÉnibErs,•.ryEmI5érs ond tbelr deendant5 who,'p.'e sulfe'rfw fi'nort¢ktl dilfKulries E£Td) lJeielicNryo.ts-onloded on a regulur kn&'s oy lhe.welt0￿ offSTrr of IQBF v¢ho IF o ca￿., by profess10 the yeortheCli(¥ltu rritjde gro1)￿t￿tour￿e￿eIIclcr1ès"(to25- 5evenJ whkh tgtolled £15.144 Q2023- f2e.892)- AthlevEftTent$ ond"perfoimance p. achièvtheh¥s t)f I￿.(h"or1Y The. knanevolÉnt fvnd achI2￿d rill.11$ bTrcMves of piwdlng 12nondg1 wsslstpoce to nEctrs¥Vov5 ￿Mbeff> or famef nembers of The trsfftute of Quti#ldlng.o¢ ihelr de5)tndont$. Finoncitsl rèvlew Going cotKem Aker moklrKJ opptop.rint¢ enquirfeg, tha TnJ5tees. htyve tr reosenoble. expectollon thot Ihth Chortty ccYeqiot* resourc￿￿t0 cotith￿£ tii o¢'?votltinol existent? l(Y Ihe fpréseeoblaftr4vrè. For thi{ reg50n..Ihey rontSrsue.to,orlopl th# 99IThg L)osLs In pre￿￿rig ihe finu.qdol stotEmèr)tg. urther tteroilÈ regarding Iho ¢d?pth)n èf the ocAng concerr toss tse foynd Irt-.￿E occcontlrno ptrllci b. Rosgrves pollcy The 1é￿tI i>f Ipseives héldut 31 QettthbeT 2924￿17￿￿￿1 to£1.721.905 P02>. 0.190,636). 'The resÈ-rkÈs ore reqblred ifjprovid&revenuetor gronts to necesslYGVS fj)embers.or foim.ErrnÈmbers.0f Th- Institute ol Qwrryirw in otci)raonce Ibe.oÈjefliveg of the iig. DLJrJnO the year ended 31 Qecert¢Er 2024 benewolenl moJe buthe ChgrfWtOto',led £25.144 É2023- £28R92).

Ih8 In8tltuts'.gf'Quor¥ulnp behe¥olèrt Fvnd Tiu$toe$'.R¢pwt {￿1￿[￿Utd) For thè.Yetsr'8nded 310¢cithb.ér.2024 R¢view ol flnunoul positlon The net.sJlplus fai Ihe tJgrFod eAdÉd >1 2024 rJmounted'to£3J.267 Q025 . 08.57n atier occDuntlr£ forl movement kn the volue of.the ￿VestMentS .Structur4 gov•rrtan¢e (tnd munagm¢nt .a Coostltufio The Chorlty..k.uovemed bu ￿$(OnsI[LUÉ]an possed.oi Th IpstitArte of QuarryiiiwAGM on 4.Otrtobw- 2007 os omended.ot Iht IQBFA6tr4 Oti 15 r)eÉember.2014.. .{QBF ope¥pte£ vndpr the dlrectrlon of tt5 Commfttee. of Trusrees. The .qGrivltÈ5 of the Comrhlttee of T'¢LiltsPS ore '.goKemt&bg !h&conllitulion ol IQBF. b, fvleillods oiappolntm¢nror el8ciion r¢f Trurt¢¢s TrthEioes or£ sèSè¢téd on Ihè bosts of thetr experten.ce tsrd.thè coDtrlbutign thwJ or¢ eJbl8 to moke.to the work ol thÈ Insiitott Ti)e4. ore Issued WEth o oyidDnce note I￿bIch..￿et￿l¥ oll the. dyties ￿Sp.0￿￿E￿slit￿ bt'.th Twstet ctf a Stér￿.c1drIIU. Th¢ Cotrm((tR¥rdTltitéd bu the Botirij (jf The IrisrfYii!e. Trustees sh"o￿la P.e- rrien)b8rs"of ihe Bocrd or.Coundl of Thè Insllt¥l& A. mutirnum o.tiKci Trtsiiees iiigy be., {u)' former rriemL7ers.of the Bo(FTd or the Counclt of T.￿ts Inslltutq'orib) s.vth oilwr p.efSOD.SOS.rnoy be opproved.bu 1h¢ Goo￿￿.0f"Thtt Instt1vl& Two Èfonch #¢p¢esentoYNè Frustèe Dis£losvte of Inf¢N¥)otloA t47'aurlltors Eoth.oiih? pettst)ri¥ wlio.are Tru5tpestsi tkie'lrTE thtrn.thi>Trust8eg R￿rt is ooprovèd h05 confirrned thot., Se forus thut Trugiee 1svwgrk,.there i¥ ￿￿￿e1￿￿oI aL￿>t inforniotlon'i)iiW￿lth thg-thorbw's Lu¢litor£"Jr# unpwor nd .th¢rt TFvstee h05 1aken oll the.sleps ihtyt ought to htsve b.een lJken a5 0 Trustee in older fo be tswore of iiny r¢1Èvohr.o￿rttt lfjformufjon qnd to esiutA151ihuiihe chor51YS UULfitors<sre owqiB¢Jftydc informowpn. Approved by o¢des.of memb&rs of 1he.boord.i)f Tr.uteesorKt si&ned Oh +heSr.'behoff b.w .Beri.Wlllitsm$ "U)uir JplA M¢6ou9 Deputy Cliuir 2f Se 7oiJ- Pog¢5.

The Ihs!hvt¢ of B¢newl8llt Fund Stotehnt of Trb¥tees'Y?spoJslbflttles. F¢r th¢Yeor EftdÈd J DeèMbe¢ 2C424 The.'Trvstees ore. rèspoD%ble for..pYepurffts the Trustees, Beport ond the finonclol stoterneiits irf occvfd(￿£è. opplcoble low Unlreoxl￿d9rn Accountln9'St¢lnduTds{United KlnP4dom Genefoily.Ac.ceWer5Acéun%ing Proc¥iceJ rhè law ￿p￿rea￿t to ch(S1ies Eri Ènglond S Woltsts reovlre5"￿le Truthes to prepore finonclol stolerrieDts for eoch flnonclol.yéur w4ich.giTle r Iryp 04d fdr view ol the state of oÈFolrs of the Chu¥tty nno o! lis incoming resources wd opplie¢Ju¢)n of reBources. InCIbd￿)g ￿S ntort (th exptrnditurq for ihof ￿tIo￿..14 pyeporfing these finonool ¥4Qtenient% Ih&T'wsiees ore'requiiedjo., ecr sutio{￿e accouming pollcips and ihen applu thpm"ctin￿stently.. obsè.'ve the mèthads tind prMcTplegot the Chjrities sokp(FRS 1031. m¢keludgments.und..uGcountirig estimotéslhdt gre r£tt$Dnoble.und iyijdeni:. stote wheiher a?￿:,CObIe UK Accourning Stondords IFRS 1021 been" foliow?d.' i)Jèci. to orfy m#feriol dsporiufes d5ciusedtsrFd explvii)edlfjihe.TrnuNdd statemeots. prepore the flp.anciol stotèffieota on tht golng con¢ern basts unltsss. rft Is inapprL)prthe to presum8 tha¥."thg choylty.wll contlnu¥ln 7he ": ruslees gre responsible lor keepmo ode4vcrte qE¢¢knty"recorAa thot are'$TJllioent t? $lwi dloln ttfa Chorills itonsoclthi$ ond tl"5clo5e w￿h fe08oaub￿ ¢c￿ratU ty¥ pny rin)8 thp finodclol. posirf¢)n ol the Clioriw ancj épckle 10 ensvre llitit the fiIwrythgl'51tstementS Gomply wrth Jlè ChorifiÈs..Att 201T. the (Arcovffj5 ond Fleko.rts) AeoJlttfjons.2008 ond Iho"provi5ions tsf lh¢ Tust dèèd, Thèy ureul34"respon51b tor S(tfeuvurdirig1Me"as?èts" oTiie choyft￿ aDd hence for.lokino fftosonuble slep5 fDrthe pre￿￿￿10r)0nd delectior of'sruud ond othér irreguloritit& Au)proved by order of the ffieTY.ber.$ oFihE boord of fiJsr&$ and slgned Ohlts"behDlf by,. fyer Willl¢Ms Jphn ￿tCG0Uvh Depuhi Cholr Qot¢'. Puge.4

The 1nstltvte.of QUart￿l￿4,6eri0vO1￿t Fund IndeppTrdÈi Audltors, Repurt to the TruMee¥pf fh&lnltitvt of.Quarrulng"8¢fit.yolerit.Fvno Oplnbn We oud￿e￿.￿he f]nontiol thJtÈit)eThis Df The In5thute of QLarruFng Sen¢￿￿ent FuDd."Lthe 'cFtsJrlu'ytor the yethr ended 31 Dkceniber 2074 whlch comprfse tho 51oment.of FIAQkK5ts1 ActvitrltS. the"BalOn￿'s.heetO￿d'I￿¢ related n¢te$. Inctuding 0 5uirmory Df 5yTrrfi¢ontoecotsntln) poliaes. i.he linrJncYol.retyEiro Iromeworkth?t hos be'en opplled'in Iheir prepoiou.on Is tsp.plicobtrE L)nd Untied Kngdom Accounting Stthlrsr¢ts. I0dLMli￿9 Rnontid AepOrW￿ siaftd¢r4 102 The Fiocincitsl R¢porfmg.Stondotd opp15colJe kn the LJK.PJ(J R*publl& 01 tr¢￿rro1 (UniTrJ.KWdboi Generolly AGCéPte41

Lcoth)iing Èroctsctr)"., In guropinlon'rhé finon¢vJl &tdtemèm¥. glve u true und folr I4Èw o¥ the siote of thè cticrllWsoffrFlrs.as ot71 Oe¢¥mbef 2024.on&of rts Inttorring resour¢ts. und"gppllcotion ol.resouTce51or'ihe uearthen ended,, hoye baeD piopwly prepo.r¢d InLtrorrlon¢e.wr£h'Uratei¥ Kmgdom G&nerally AcceptBd Accoitnttrw PTocrlE>.ond h0VetJee￿ preporèd iiLocciJrdoOceMfjib the Fe4Llrem¢nls.of the..Cho(tiies Act 201?: 8osiforqYnlon e cr)nducted.oor aurfil In occi¥dan¢e imlh" Intwo¢tiortil StotTdorf4s' Audibng (UK) IISAS (VIO). dnd thpplkakle knw. Q.uk respOn￿bi15t￿es Lmcler those 51ondordg.tsre £uitber descrfbed in the Audilor5' te5ponsi￿.￿1ie5 for the oudil of the. 1lmr¥di￿ siaiements seal0￿ .of rtrpg￿ Wt ltid&pen(le￿, ol the.tharfti4 In nccor¢once whh the'.ethical r.eqoYgments thoi arè rd&vont"ta ovr ovdll of the ffnoMch?i Stolerménis irt¢hè Un>tèd KIngdc￿￿. knduthn¥ the Flnoldul 1grtlng.CèJncl s EtliSeaf St¢nrtthfd onij we h¢￿e luiiiièd our. other è1hicol res￿n￿bIlitIeS In'occo£Eluce vjlth thèse rÈwlremertsArf.e kolpve rhof the t2ll￿teVl￿ence.wQ I￿￿& ot)toined istsulficknt and oppropriott io bwil. l¢)r our .roryclulohs tèlatlng to 4olTrJ.con¢am Ip audimg.lhe fil￿.nO¢ ￿01￿e¥￿t5, w¢ hqyè con luded thoiabe Trusteé￿ use ojthe gD¢hg.EorKern bos1$ th occwrrilng irtffte pYÈpurationtttthèlnonclal stut2menls L5 olprobrtots. èa tsri lhè.wryk v¢e hcLye perforrrie￿ .wB. hkivt not lthrilfletJ iny mvY¢rtyl w)certalrf¢$. rpla1iri9 to ev4nts or ist￿ltE0￿ IhoL'lndMdua ly olÈDlle#.vielu rnD￿. cali sWrfiEvm doubt on the""chorjtAI.$ Objilii to cont5nue a$ u ooing coneemfor o yrtL¥J..of gt leasttwelye months frbnj whenth¢ fln(inolal BWtorm¢nts orè uVdicrt58dfirks￿. Our rè4)onsYk￿I1t1ès ond.the r¢spwibililks of the twstéÉ$ Will¢tdspecf to¥ohQ concem.drè de5tr1b4J in thèèlevont 5¢CtitJns of this.*port". Pu0¢¥

The In£tltuté Df O￿ar.rYIttg Beiievèlewit Ind&pendentAudltors.' R?port.to Vi¢ Trusteas (A Thalnstrtyteoy IltKrrylDg B•rtèvol•m Pu!dleMEITru Othet Inforn¥i?Ilvn The Olhe'r lrff0rtnobOrt compriseg 1he.irfen￿tr￿n Inc￿{lEd ih'th? ￿nU￿.peporl other IhurfthwffitM)dolstat¢)nentg.aM OUT Audlrorg Reptirtthereon. Tb¢ fruste¥ are￿esponsibl￿f0rthÈ other Iqfo¥mation conldned withln theATrnuofqeptrt, Our 0pin1on.on 1he Inoncial st17terneniS does notr cover the oth8T intruff￿0￿0D èxcépt to the..éKtÈffl 4ttepwL8é plicltly In o>iJrtÈport. WE do i)ot gxi)rafs or¢y forth of 05surartce conc￿440￿ ther¢on, tyJrres[iO￿I￿jI1lYJs t• reod Ihe athe¢ Infotmatlon and. lth dothg s). co￿1(1er %theiher ih. other informolitrh is materlolly incontsj5tEnt. wlth fh flnorfc￿I itotcme￿ts or our kno￿￿E￿9¢ obtolDEd Irf the ¢Ourse of the qiidit. Of Olhertrhle ap.￿ Ty be ￿￿ter.1¢ll¥ ryJ15$1tT,ed, l we l(lÈn7y su<E moterfiol Inc0fiÉ￿en¢￿sOrOPp￿Al rnolcrlql thisStut¢m40ts,we 13re regvlred iod¥kFnine whetherthis glves l'iseits Q mEEriol M￿St￿leMent."ln the s+otternerftÈ thertrèeiv￿..1f, bosed the work ￿ h6w? perfoYn)ed. Col) dud¢ thot th¢r¢ is o.moterkJl mt55totemert otths"othw. informtstion. wp oré T¢quI￿d io rEPOrt thdl fod. W¢ huvenothlng to ￿port In thls ￿gard. Mpttets on wblch we or requked to reporl.by.e¥ceptlDn We hovp.nothi¥ig to"tewrt Ir YesKlécf of thé folloYAng matters wbere.the Ch)rfiies-(Accotmt¥on(J Report) kegulatsons 20.08 réoulr¢s tb rer)orrto"¥oJ If, In Outa￿￿]0￿ Ihe Ihformotion glvètt ill the Tru5tÈeg Rèpwl'isincoDstsfent.Ihny moter¥Jl respeo.wlth th$ f50￿¢￿1 ￿￿ents.. sufficlent arr)uniinqre¢ords hL)ve not b8ev keptr DF thÈ finonclai stliteryiEnts cré rjot In ogwienl villh the o¢coufttlng recorda onil rEiumE', O we have f¥Ot ￿e1Ve￿ 011lhe1nf.orniotloii und wlontstbns we require lor tsJi' 0￿11. He$ponsiblllll•$ ottrU519¢S A5 eKplalned mQTe fu14y.in tp ToL%tees' FlesPon￿bItE1￿es.$ts YrustÈes eittler Ifflend to Illuidcté thÈ"chorW or its Ca&se opertitlon& or hove no ieatr¥..ic airÈrnoiivetiut tirdo so. 9096 6

The InsiitUlE of ouorruino BÈrètr¢lent FuDd In(fep¢ndèntAV"thtor& ft8p.tsrt to.th rr.wiee$ Of. Thé.InSlltyte'of Quqrryin9 B.enèv.o18rt.'Fund Icontinoedl 4tyJrs' rfospoi)siltiéS f¢r the ¢)f th¢.flnoncki siatèhiants We huve b2ep, appotrrtqd iJs.ovditor ut¥Jer%osiioD"144 pf th9"Cha￿leS A(12011 und report kn occordortcp wlth the A¢t nd"r¢lev¢nt regulations mode or ￿VIng efle¢i theteunder. Ou, oblsdlves pre to obTUin'reoEoffp￿Ae ossuronc¢ obtsut wheth?r.Ih¢ finthKbl stolernerns ￿ q %￿h￿Ie ore..free fro. m FllQtèrtoI inlsg¥GterrièrtÈ. whethRr duF fraud. or error...on& Id Issue on Avdii6r¥ eepowl thol in¢lvd¢s ourf bpldot ReO$onoble cbssuAAce la o.hloh le￿1 of ossurofice, bui Is rtot 0-9Var(￿Ée thtst.QM oudE coridutied Itl o¢Ctsrd0n￿ 1gAs (UK) ￿1[11 olwoysdetett a.rnts1211ol rttytoitemét)t whèn It¥iSts fyksStoiempr¢$.¢Qnn￿$e from trrjud w errDr'artsdvte ,<.orSideretl m¢fftfiul if. Ild￿rdy01lY or In ihe tsggreAalq.Ihey Could re050nobly be. eypèc¢¢d l¥'influe4)c¢.thé ècpn¢m .dctssn& of users.token on thP¢)&ts ol the58.￿￿n¢VjEst0ternents. Jrrewlarflse& Incluthrg trou4"(Jte insFon¢es of n6n-complMSnTr with lu¥i¥arf¢ rEgvlotion$. We dcsigrt procedii(è# in.lio ourre$pw4bliitl¥, outfmed obo%È,.to detecr molwlol miEsli2tè￿￿l￿ In respect of irregukjrlties lffc1uding froLtLI, The .'eeRt lo wiiitli ovr.Dr￿edU￿e5 Ote'Gopublo of detecting Irreguloriiie5,.lndudl￿ frtsuti1s ¢jet￿￿1 below, DuroÈpr(>iich tiidehtilutiyo and asse¥sirig tFTbrisks of m¢tenol rnosstoteriient in resi)etr of Ir¥egulorfiie4.Includlng fyoud noTrcorTpllancE wiily lows ond re9viations,w05Q5folow& the serfor stciitffory Qud￿r ensijrecf tilut the eftgogèment team collettively hud th.e oppropriote competEnte. copobi1siies.oiid d¢ills to Ldentlfy or recoynlse nonwl tron5aGtion54 oss¢ssed vilther'iUdg￿e1S..ond ossuthpypn￿ n)ade ffj.delermlril￿Y the OCCDun14ri9 e¥iinitstÉs SBt'.ovt Note.3 we￿in¢T1C￿l￿Ie ol poteptitsl b￿$.. ond 'IAvestigolod Ihe KUtlonolekp.hlod s¥nIflVsnt.orunusuo1 worsts¢tltir Pao¢,?

Th• InytltLlte of QDurrylng 8enewlevt fi)nd IndependEntAudiE¢rs' Beport tothq Trusteés ¢>f'Tbe Institute vf Ben¢volent Fund'{¢oirtlntseal response'to Ihe ol'inewlonyies ncTrc(Knpllonte.with low$.aDrJ rpJtslubon8..we de5igried procerltJY0$ ¢lvded, bUt￿ere fior Iirftee to., gteeing fip.qnclol stotprneni discl¢>sures to underSylng jp￿rtIn9 documentolon.. reod.rtg the rrMllL'les of rnEtlryg¢f those chorged with gover.fjtrTr￿.- èngvirlp9df r[￿n￿genIent C IQ ￿lUll1 tsnd.ts￿enbol litlgotion un¢ clnlTn& ond revlewing ctshasponéErKe'wltr, HMFlC.re￿Vornt re9ulirtor5 !1)e thr!dt4s1.¢goiadv!30rs. 8ecous4 ol thè. lrflereni hrttotlons of .on oudlt'there is o i1. Ih&t we I￿11 detsct oil Irreguknrlt!•& l-nduding th05¢ odng to fj ¢noleriol Tytisstoidrneni in tliE'firn)ridol thL)Yemenls'or non￿Mpl￿nCe w￿h f4gylctiprt TKis rL8k'inGtètiSE5 IhÈ more thot compr10￿.e o .'ow or regululion s r.einoved frorn the ewents irtJn¥uriiohs reflècted in the liyondoj sfoteTh¢wts,"08.wewll è¥less.IN¢ely'to becwe'owurE tjl fnstpnc-s of non'complits￿7ce," Tbe rlak is.o1s0.ureoter re¥tsrdfng Irre¥uloritls due tc froud rothtr,- thon'erior. tis frau¢J Iy¥lves tytethttoriol corfceolment. !o¢.gwu. co11b￿￿ni @mlssion Dr ￿[$represent(lI1DlL A further de5crlplion of wr.respongtilltles lor the ovcSi¥ot the inoncl41 atèrnEr.tS ts loeutèd on Ihd Finonclol Rer)orting Coun¢.11.'s wèbsite ét: . rhi5 descripthon fo(ry¥s ptyi.of our.Avthor¥ Repork Ustrof our report Thls report.ls motle solÈly.Ip Ihe charlty'¥1rvsi¢¢s. us a body..In QCCOtdunce wiih.parr 4'.d the'<>wltie> (Accdunts'cnd Iyti¢n& 20.QI& OL.r tyudil W¢)rk howbeen undertakeA Sg thut wtrmiotrt stote io the chriitty'b.Ir(Jslw those Répcrts) Re¥u' maiters w*ore fequired io mie to thèrn irf ort Audit¢r¥ Report ond for ¢kO oiher putpvs¢. T9 the fUll￿teXtent pe(rnitted law. we do not.tFccept or o$$ume responslbllw to onyone otheF tbuD thè"¢hOliry an￿'￿t5 tnJ51ees::os fJ body. lor.our OLéYc.V￿rk. for th%r¢port.'orlor the ¥P',fllgn5 we Fwve-formed. Do￿Tr5 Audit"Lknlted St(rtUtoftJ'AL￿lttsr Cho¢èr¢d Accounlahjs 2.Etrvrig"OfFice Wloge Forge iurie Stokevn Tr£nl. Stolford5hire olns iiudlt Llniiterl are eligiNe'.o uci os oudtors'h tei'FTh5 vf $ection12Y2 OT the Componiès Att2UO& Poge 8

Thé Instilut¢ ot A"vur:rWtw B'enevoléhl.Fund "4tsmtnt.of fina￿t￿OI actIV¥t￿5. For the Yefjr'¥n4l¢d 31 D&cembèr 2024 VMrgstrFCted fvnd.s. 2024 fun(15 2024 2(525 Note In¢oine from." t)ot¥jtbnsond legacles InvesfmeHt8 466. 28..1 j.676 è2,4 È.425 oiberlncoffjg .4676 Total Income 31.243 26.185 E¥pnth.t￿re.oN: .Charftoblo ocltillks .51?7¥ 5(782 Total expen471 ure 52.975 52.975 $1781 Net èxpendltuYé.bèfore rtetgtsl￿ on"￿tM￿nts Net yt)k)g.on IDVvstNents %o.na) <>o.7a2> ¥O.S9n Ntmovémènt in fimds: '3J,267' Rec4n&liotitin of futid¥ Totd lupds.broLKJht.forwtsFd Nermovern¢m funds I190.656 tigQ636 31.267 '1.1712S9 Total.lun¢$'corrtÈdTorward 1.221.905 '1,221,YQ5 1190,636 The'stoternenl ol Fin0r￿￿E AcdviMÉS.Ihclvde$ 011 golns iTDdlosse5 f¥coghLgèd intheyeuT, The.￿t&>On pJge51119 2Q.form pttft'oStbe¥e flnrirtbl stoi*mefjts. Po9e.9

The Indhvte.of.￿u1ryIftg gett¢Y￿0[￿ Ftind ils otSi Decembar 1024. 2024 20fJ Flxbd •s¥et¥ Inyèrnents 1.48'9.920 1.137,455 t,189.920 1',137.455 'C￿ttent.￿sSe1s C05h ol bpnk ond hond 31363 .99.,67i 55,671 Credltors.'.omovnts lolNng dub.wl"hintnoAJe 12. 11490 Wet ¢Llrr¢rb? qsseis Sl983 5J..181 'Total 1855 twreht Iltiblht￿6 1,a21.9C33 1.190é36 Txtgl n¢t tssspB 1.221,90> 1.19Q.636 Chttrlty Ivhd .Unresiricted fijhds 13 1..221.903 1.1>0,636 Totol Yunda 1,190.656 Thpflq(3nrbl ¥btements Were.0￿pr9v.ed wthOfiie¥f(y l¥StE by',h8Trv$vaés uné slgtttrd oft ihelt behulf by., Ben"Wllllam% John MtGovg DpNtu 07olr Ibe.not￿ on.page¥'l LO.20 lorm'pttrt of ihessflnohclol slo*tpÈnts, Page'10

The Inétlt￿t of BenevolEnt'Fund Des to the Rnandai Stqiè7ènts Far thayeur endel'S1 CSecemb¢r 1024. G.ersÉrol info(fflob? Th￿ Ih&tFtvte of QtsDrrylhg 8en¢voknt Fund.In ¢Jn vnincorporo.t.èd ¢egi$terè4 In England. T4& 4ddress ofiheYÈg&tered pffI￿lS g￿n In the Clioèttu IntrEmtsiion on pog&l of t￿ser1D￿0(￿OI stqEerynt& The notLsreof thch￿￿Y'S opératbns o)d p"rÈndptsI octlWt￿s ttrè to af13rd asAsiuftt ol Income b& meo5vred rellobly. the donotÈd ooud Is o fved w$e£'it Is.'rreosured ut fulr volue. It.lS'lrnwgcVcal tO*ieosure'thl$ refvbly, In wh5¢h (use ihe ol th¢ t¢>ihe donof should be used The goin Is recognised os hcomo from .do00¥￿s ond ts CorrgSp¥on￿nts omount Is iKluded in th¢ oppropritrÉe fixed asset dtss¥ ond.. d.eprec￿1¢4 ov.er the usefijl sX.onoinic lif In OCGordaiKe wkh 1hè Chotht¥'¥ocqoyntwpDllcie& Dn recelpt ¢lonated profes*onuI gefyices JfKI facillties ore reto)rased (Jn the b'tssi< of the valve of Ihe gtft the Chorily whiEh IS thè ottystjnt it wvuld".hove bèen willin9 to poy to. 4bialN sekvices or ftitimttes of WFVtiient econDrnie bftnelrt on the ooen wrket, CJ c￿re¥st>n￿lng ompunt 1$ 'thÈn. recowi5erl In e¥penditure In the period of receipt. o.ther Wtsme l& recow.15ed In the pErlod ift whl¢h kt is'.recelwobie 10 the extent the 4&oas ho¥e tsÈers Wovide¥ or on ¢omplet1oriof th<'EertrlQ&. Pq9e11

thè InsiRth of Qu13rry4Tnq8gneYolevl fund Note$"r#tH¢ Finoridol S:•¢mehts .For thè Yeer EndÈd 31 ￿e￿Mber..2Oa4 AGc4wbtiilgpollaes (con￿1￿¢￿] Expehditvre 5s.recogn￿ed Orfce ffierei$ o leaal Or"é04'11ruCt￿e.Qbjl00iSjn to trgllsfèr ecgncFrlc benefit tv ¢J third ooriy. t Is probu￿2 thL4t o tron5ter ol econamie bEnpli&wal be requlred in seti5went.oDd the orw¥nt. oitPo ob'.igollpn be meusured relioblu. ExpendilLire ts Clos￿fIEd b4.¢ttivltg, The C￿1$ of atti￿ty ure rnode up ol the:.total of dre¢.r costs bn(I shtyed costs.. Incltscllng Sup￿￿t ¢Q5ts Involved.￿ Vnrktto￿ry èach otllvltQ. DJr¢Et toÈts olLributobk.+oo sln9ae vaivily orè.ollocat￿ ￿l￿tilY.￿Q IhoY.tscffivily. shored cosls icPrconlotiute lo more thon one ond ¥rpport cost$ whi¢1 nrenot thtr1￿10bIe=O o sin9Ee acti￿tU ejre opportio!￿￿ bets¥een thase ocilvTbe5 ¢)n a'b051S..COn9iStent WTrlh th&'use.ot r<%ources. G¢ntr.gl'syff costs are d OCG"Lerl vri the.bosis af tlmÈ spent,'ond m taxatrfjn in respect'of Incamè or ￿￿tal gtJin5 r¢ceived wiihh£oi¢g¥rt¢s oyered #y CPiopier 3.Po¢ 11 of ihe Ctsporotbn Tox Att ?OjO or SèCtk)n 25th cl rhe TaKotion DI Chorgeotylg Gui.n$ A¢: 7992, lo1￿.e extent.tbot such Inc4me gff go￿5.0re Y￿41ed ex￿￿0Ve￿j to chDrabl¢ purposes. 2..6 irn¥q$tm¥n4 FiKed oket inve4tmeoiS i?re.o form pf financial InstnrrlEDt E5rid ure inltnully recounlged ot Lfiel¢ tfpiso¢tloh Cost OEYI svbstwen',ly w.èosured (It. Iclr value ot the Eolap.ee Sheet dete. unlw tl, v￿1Ve crnnot.be metsÉvred relfobl4 In which ruse it is rreosured ot cost ￿$$. MpaFrrThent. Investment galfjt Iwses," ¥vhether Yeo115ed or vnreollsed. cfts comTrined ond prèswled us 'GJl45/(Losse4 on Investments. In th8 5iOterriert of rinonciol Aclivltles. 1.7 C05h vt bonk and In harnd 'Crish tst b4Jnk ond In hond Inclvdes c05b oryd sPiOrt4erm hlohlu liquKI Investments ￿th o shcrt motumty o reemonths.or kss fr¢m IE dale of ￿e¢lU15￿1 Kjn or. opening of the £4epol orsthilor ttcovnt," Pagp 12

.Th¢ Inatit￿lIk￿l QuarKwi)v.BenevplQt Fund NoX$.to ih? lrionclal 51qtem¢frt6 or the.Y.eur Ended310eeembér 202+ cWngpoll&#"(coriil1)ued? 2A ond pr4vlslriri$ LÈo.tspSliles ore recognts6d wheTr ttrpre j5-an cibligotlon,ot the Bolonce Sh¢ot dote 05 v ￿Ult o! o pastevent. it ts prDb?ble iho¢ a tYarLsfer of eco0(x￿￿¢ b.efftlM will b& requirqd s-tilerntnt. grd the owu¥)I 'of ih¥ setmèment con beegtlmoted rèliobl¥. UobSfjtlèS 1¥8 recogNlseLI ot trEe"amount that. Ihe Chllrltu gnwtlpote5 51 %¥tll poli to the debt Ihe .orntiuni ItliD& r£cetveEI os oioftced payments.I￿.the goovsor seyvices It musi prodd PrIvi￿OnS tye m¥tssured.ot the.'be51 e5fim¢te. of.th¢.VTYwnt5 ￿rJu￿r& setdpthe.cOioiloA Where tle fett of th8tlm?.voluè.of mortey'lFmoteriol.the provlw¢n 1$ bosed the pJeser)I vtslue 01 thosk omovF5ts 15gounied. oi tPfère-tox diEcount'rote IhDi refletts the ri1k5￿pe(lfWc,.1O.t￿a nbblhty. The vnwLnthAg of the discount Isrecogntsed In the Statement Df FinnÈ)d(rt.AEtMtle5 a5 u finoDtyeOSL 2& Fhign"do'l instru￿￿)$& The Chtsrky '.onlu hus fifionool llssats .fhortrtrJl Ilob111tles of o k￿cl tthot quotif￿ a5. buslc fin&nciFJI InslturFeDts. Possc. fiA#rtcloS instruments fjrÈ Ènltlo21y recognf5ed ot Itrnsoctlon voluè llnd subsequently me0s￿re¢ thèir 5ettlemehl vobJe wmh.the &teptloh Of bpntr loons wh￿b ore $Yb$￿￿entiy Inetssured ) ¢JmortLged cosi th¢ ¢tfe¢.Tve.fnferest rn¢tfr￿d. 1.10 Fkliid ¢ccounthlg '.G2Aerd funds ore uorestricrBd lunds which afE avoiloblè lor.uÈe nt. thè clstretaori of Ihe Iru$t8es in furttseroncp c)i .the. generol objectives of ihe Cbwty wh1th hove "noi been éesignoted lor other vrp06g& Investm¢ftt Incomo goins ond bsse5 ale tothe atsw0pr￿tèfUrtd. CihkolaxtsOKinÉl estim(stes"ohd 4r¢ds.of.judgm¢ttt Esiithcws. artd.ludgrrents 9￿ contlnvolly"&Volvatsd.4Jn￿.q1'È bosed on hlstorwl Ewerlencè ord tsiher foc1￿$ Incltsding expectatlQTYs of fvknre'wents That.ar¢￿Ile￿£¢ to..b.2reo¥tmbblp LSriderth8,drcumstuntsÈ. triy¢d occountlnq eÈtrtts.'tsrid cwvmprbns, Thè Chwlly nlokes eStkn￿eS und os5Vry>tion5 ¢oncerMlig..thè ffutvre. Th¢ re4iJltlr)g accountlng £>limotes ond ssumplions will..bulefiniilon,seldorn e4uol.the rnloted ottutil rftsu115 There.ore no es¢lmotes. und os$vmptlons thoi. risk of"thL'sln¥. o nltyleriol odju{twnent tu the qori.y￿9 Umourkts of tisÈbts.ond liobli￿"t$ iiiTrtsn the ne￿ fin0￿￿ U¢ty'.

ooÈ.13

Yhe Insthi¢è of Q￿rryIng èerwalent Fund NDtes to'th¢ FlntinE1￿ 51¢iteTr)ems For thp Yesr Ended 31 Qetembef.2QZ4' ificome frèth donatl¢h5 and I￿?¥￿S vnrèstrlei¢d fund# 2024 Tgtyl f¥Jnds 1024 466 Vnr8slricted lund$ fur.d$. 2025 Oontitioni 2.56 26.6 rnv•StmEnt kn¢gm* Unréstrict fvnds Totol. fMid$ 1024 29.lal 2liOi Unrestrl£ted funds 2Q23 Tc>tol funds Liyed investmènts .494 22.￿4 Pvqe'14

The 1nslltute.of dv0¥f￿n9 Benevoleot Fvnd 'Nutes tothe F¢Mno'ul.Ststerneftts lorthe YearErtded.31 DeeÈmbèr 2024 Qther Incpmkn•resovrtes Tottsl f¥nd& 2024 other.Incomrf￿ rèsources 3.076 Unresrtied fu)ds Other ID<wln¥ resovrtes .425 ).425 nalusfjstsf.'gtants Srttnts to Tottsl 2024 . 6rantsJ@ benèfidNié5 .25.144 24144 ror)ts< Totol 2025 .Gr&nts to benef￿¢￿e8 28,8¥2 28,"692 Gronts"wgre modeto 4.'(2DZ5..X) ionq term.henefiaooe>fty rf¢l*f0rf￿tsn¢1￿1 horrJÉty.p,

The Ihaliute Of UuqYPylO9•erievoleryt Fvnd Notes to'the Finonthbl Statprnehtg .Forthe,YerJr ET4di£d 51 De¢•*ber 2024 AF￿1￿15.0f w¢rtaIt￿t Gri)nt fvndlng of adlviibs 2024 ,Support Totol fthid$ 20.24 2024 Cbc¥l1 Dble'othvltles 25.144 52.975 .￿rnt fvnding of oct1v1ll￿ Supportcosts Totol fun¢ts 20¥3 "2023: Charftabl?tsclTvkt 28,892 7,89.D 6.78Z Puoe16

ThÉlnatituté of Qu.Orrylny'8Ér￿￿lértt Fund Notss to tht Fin4n¢Sal 5toteMW)ts For th& tr¢of EMdÈfl 31 Detemiye¥202 AnulyshTof expéndltur¢ by Ud&V1￿..((￿￿t￿￿a￿) Artoly*vf ￿￿ort costs Tolpl fvn(f5 .funds 2024 LÈWI ond'pFofesS￿O￿I l.450 1320 24.20.3 2,5'$7 m￿Cell￿n¢￿￿￿ 1.312 27￿90 AudjlOES'. renwneration The.uuditoV£ remunEra￿0￿ affnasjhts tti Unc￿10rfQiaf £1.45Q'{20P.£1.520), 10. Yrust¢eg'Y¢inunefqtion eyn5e5 'During the yeor., no Trustee¥'r£¢elve(f ony r8rryinera71¢)riDrQther'b2￿fJ[S (?023- £NIL). During th¢ lieor eD¢¢d 51 Docembei.2024,mo T.rv#e¢C￿eQ&es.hQYe beeDlnEurred (2025- £NILJ PD•e.17

Thè Inslute of Qvvrruinty ￿￿9VoI￿nI F￿1 Notesto t￿ Bnunog1.St(rte￿tTh1$ For thè Yeur Ended 510ecembor2024 11. FI￿ o5$4tlrv¢$tments Clstod ilnligtéd Investments inv•srmentg Tto1 Cost oPvglvrrtl)ri .Ai 1 Januow 202¢ Addillon5 2.4((2 1.737.45S 119.50Q 119.5QQ Dispos91s Flev4luatloii5 .1159.427) 71'.dS6 039.42T) 72,392. 956 Al J Qecernbw 2024 l186 582 aJ58. 1'189.20 Aèt Ixok volue .t31 D1￿mbe￿2024. 1,186,587 1.189':920 At 31 DeceNber.2025 1.135.053 2,402 1.137.455 Cretiitor5: AmouAts.fdllfiA.dvu wlthth on¥ yè.or. .2024. 2025 Jiccrvals 1..780 Pr4ge 18

Tbe Institut• ol Qg¢srrylri9 Bèt)evolent. Fund Note.th.Ih• Flnonclal Sl¢t¢inents For the Y$ttrEnded &TOocember 2024. ￿eme1￿ of.fund$ fjt#tém¢nt of'fvnds.- ¢orr¢ffj ue¢i¥ Balance ot 1 Jonuur:y 2024 BoTroncÈ llt 31 DecMber .2024 (Lo4ses} Uki"r¢5trÉt&d fvnd$ GerterDI Fun45 1,19Q,656. 31243 (52:97¥} Sl.999 L221,•05 S•tw¢nt of fvn¢¥- pri￿.¥¢￿1 B(Jlonce tst J JonvoP 2023 Gws/. 31 Q8cew¥qr '(Lgw) come Experditvre UtiFgrtrkEed'fvnd Ge￿rgI f￿ndS 1.171259 .26.185 (56.782) 48,974 1,190.656 14. .An"uly¥ls of nrt betwèen Ivn¢¥s ATh0￿1￿ of hÈiusSqi¥ betwèen funds-. wrretit pwiod Unr•strf¢Fèd funds 2Q24 Tvtol nds 2Q%4 Fktd oset"investmonts Cutrént 055ets creditorsdu.￿¥1)tsl ott* wor L189.92 31365 058P) 1.1B9.920 0.380>. .1.221,905.. IJ21.903 PogE 19

75x'llSt5lLitè otQvartyhgg¢nevolèrt Fuiid. Notes'(o the FlnaDtial Statament5 For.Ihe Yerjr gnilerj >1 o¢¢emlxr 2Ia4 14. AiialydY￿ net ¢ssetè bwween flmdf C¢ontlnud) Ar￿1￿15 li¥ rtt US8815 bètween fvfid$-. wlor perlotl ihl2strfrfed rotql 2023 2025 FtXEd'osset Irwestment5 I.DFt•nt fJ55gts 1.137,455 5S.6X {2.4401 1..117.455 5sn Credtttyf5 fjye ￿thIn onè ue￿r 1.190.656 1.I¥Xj.656 Totq1 Bvitted porty transo¢tlonF The c.hart￿ 40$ not enter¢d )io oriy rt￿teLl party. trunsu¢tlon during the year, ore ￿ere OEtstonWrg boitillce>ow509 bèvrteenrdotèd po.riies ond ihe.Chorfty Bl.31 Oeo¢mtyèr"2024.