AEGISTERED CHARITY NUMBER: 214486 REPORT OF THE TRUSTEE5 AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2025 FOR JONN FEENEY CIIARITABLE TRUST J W Hlnks LLP Chartered Accountants 19 HSghfSeld Road Edgbaston Blrmln8ham West Mldlands B15 3BH
JOHN FEENEY (HARITABLE TRUST CONTENT5 OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2025 Report of theTrustees Independent Examlner's Rèport Statement ol FInancl A¢tl¥ltles B41ance Sheet Notes to the Fln¥n¢lal Sl*m•nts 7 to 14
JOHN FEENEY CHARITABLE TRUST REPORT OFTNE TRVSTEES FOR ThE YEAR ENDED 31 DECEMBER 2025 The trustees present their report with the financial 5taternents of the charity for the year ended 31 December 2025. The trustees have adopted the provision5 of Accountong and Reportln8 by Charitles.. Statement of Recommended Practice applicable to charltles preparing their accounts In accordance with the Flnancial Reportlng Standard appllcable in the UK and Republlc ol Ireland (FBS 1021 leffective l JaThuary 20191. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 214486 PrlKlyl ?ddre5S The Old Stores Brom5grove Road Clent Stourbrid8e West Mldland5 Dyg 9QP Tfust••% Lalee5ha Johnson De5rdre Anna Fl8uelredo Amarno Inai Anthony Davld Jack50n Glyn55 Powell Matthew james Freeman Katherine Anne Ballty Cristlan Lane Daviès Rob Dav5d Jones Kelly Proverbs Torn Butler Ro8ers ZelSna Garland-Rowan Phlllp Davld Holyman Geoffrey Mlchael Whlttall Oaklev Catherlne Louise Organ Lucy Victoria Reid Ruth Thompso Chalr - appolnted 1610512025 appolnted 1610512025 appolnted 1610512025 appointed 1610512025 appointed 1610512025 resigned 1610512025 - resigned 1610512025 - resigned 1610512025 resigned 1610512025 - reslgned 1610512025 - rtslgned 1610512025 Ind•p•nd•nt Ex•mlner J W Hink5 LLP 19 Hi8hfield Road Ed8baston Birmingham 815 3BH Bankers HSBC Bank PIC 130 New Streèt Blrmingham DY9 9QP In¥e5tment ManaBers EFG Harrls Alldav 5" Floor 103 C01rre Row Blrmln8ham B3 JAG Webslte address www.leene t.or Admlnlstrator Katie Banks Page I
JOHN FEENEY CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its 8overnln8 documenL a deed of trust and constStutes an unlThcorporated charltv. Synopsi5 of Wlll Under the terrns of hls will, John Feeney, who d5ed on 16 December 1905, dlrected that 9% of his residuary estate was to be invested andthe Incoffle ar151ng therefrom to be appointed tothe benefSt of any oneor more of the public charities in the City of Blrmin8ham or for the promotion and cultivation ol art in the Clty of 8irmln8ham or for the acquisition and ma5ntenance of parks, recreation 8rounds and open spaces in or near the clty. No part of such Income should be applled to purposes whlch could possibly be consldered 35 politlcal or denornlnational. Trustee selertlofi Mtthod The power to appolnt and remove Trustee515 contained within Sertion 36 of the Trustee Act 1925. MaTrogement of the Trust All matters of pollcy and management are determlned by the Trustees who meet annually and at such other tSmes as circurn5tances requlre. There are 5Èparate commlttees set up to deal wlth Investment and linanclal matter5. commlsslons and 8rants. The Trustees are advlsed on Investment fflatters bytheTrust's Investrnent managers EFG Harr55 Allday, who mana8e the Snvestments on a dlscretlonary basls. There 15 no mlnimvrn or maxlmum mernbers of Trustees. The Chalr Is re5POn51ble for the Inductlon ol any new Trustee whlch Involve5 awarenes5 of a Trustee'5 respon51bllltle5, the 8overnln8 document, admln15tratlve pr¢xedures and the h15tory and seneral approach gf the Charlty. A new Trustee wlll recelve a copy of the previous year'5 Trustees Annual Report and Accounts. R15k manaiernent The Trustees have a d(rty to Sdentify and revlew the risks to wh5ch the charlty 15 expostd and to ensure approprSate contro15 ore in place to provlde reasonable assurance against fraud and error. The Trustees are $8tislled that adequate 5VStems are sn place to detect and mlnlmise the rnain stratègic. buslness and operational r15ks which the Charlty may lace. OBJECTIVES AND ACTIVITIES Obledlves and alms The objectives are 5ummarlsèd bÈltsw under'synopsls of Wlll,. ThÈ Trustees havè tonsldered the Char+ty Commlsslon's guldance on publlc benefit. The Charity furthers Its oblectlves for public benellt by makln6 8rants of Income to varlous charltable Instltutlons and fellow5hip5 for Indlv5dua15 In accordance wSth the wlll. ACHIEVEMENT AND PERFOflMANCE TheTru5t makes annual 8rants In suppon of prolects and events In Blrmln8ham whlch enrlch the arts, herltage and open spaces. The Charlty has a lon8 hlstory of supportln8 the creatlon ol new works, premSered In Blrmln8ham before goln8 on io reath audIenC aeross the country and beyond. At the start of the new millennium the John Feeney Trust widened its cornmi55ioning policy to SUPF)Ort choir5. opera, the CBSO'5 Youth Orchestra and the Birmingham Royal Ballet. widening Its scope even further. The Trust DOW Supports new works created for public performance. exhlbition or publicatlon In Birmin8ham, In any lorm. In 2025 the Trust awarded £89,00012024: £91,190) to 5UPPQrtthe arts. heritage and open Spaces and fund cornmi551ons of new work. Page 2
JOHN FEENEY CHARITABLE TRUST REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 ACHIEVEMENT AND PÉftFORMANCE- contlnued The endowed capltal of the Trust Is carefully Invested to retain and enhance it5valueover tlme and to producesuffieient income to support our annual level of actlvStles. To avoid any risk to the long-term viability of the Trust, no grants or other awards are made in anvvear, until the income from the previgus year andthe £05ts of governance, admlnlstrailve support and any on-going liabilities le.g. Commi55ion fee51 agaln5t that Income have been taken Into account. By supporting Blrmln8ham heritage. open spaces and funding projetts and Indivlduals worklng the arts, we seek io make a blg dlfference to the Ilfe of our City. For further details of the Trust'5 activftles, please vSslt our webslte.. www.feeneytrust.org.uk. FINANaAL REVIEW Flnan¢lal p051tlon The gross Income of the Trust for the year ended 31 December 202S amounted to £90,05112024.. £109,802). Awards pald were £89,00012024.. £91,190). At 31 Dember 2025 the total value of the Trust's Ilsted Investment5 was £1,470.80912024 £1,351,067). In addltlon. freehold Snvestrnent propertv Was held and has been valued at £390,00012024'. £320,0001 takSn8 account of market condStlons. The Trustee5 are sat5sfled that at 31 December 2025 the fund5 held are &dequate to fulfll the obll£atlons of the trust. Investment polky and objecllves The Trusttes, policy on investments15 to malntaln a b¥lance between the Income, whlch Is essentlal io the work of the Trustees, and a steady long-termgrowth of the assets. The portfolio may Include investment In Sultable rental property. The Trustees con51der that thè investment5 have performed s*lsfactorlly agalnst this policy Sn the Conte of market condStions over the year. The Trustee5 seek wherever possible to invest in companles and countries which dernon5trate a positlve approach to Ind5viduals. communitles, envlronmentèl performance and tackling climate chan8e. The Trustees intend that the Implementatlon ol ihelr Investment policy must take into account ethical, soclal and 8overnance considerations, so a5 not to include dlrect Invèstrnents in areas that are consSdered harmful to m8nkind or to the Interests of the Charlty I partlcular. The John FeeneyTrust receives a permanent retord of all commi55ions upon thelr completSon - for example, In the £ase of a music £omposltlon, a copy of the score sl8ned by the composer. or a signed good quality photograph of an artefact. These are permanently accesslble to the publlc In the Trust'5 archlves (housed on permanent loan in the University of Blm)In8ham's Speclal Collectlonsl. Tru5tee5 have, wSth adv4ce, 88reed that It Is not P05siblÈ to put a substantlve monetary value to these Items. R•5•r¥es pollcy The Trust has a re5erve5 po15cy that is reviewed annually. The Trust needs a suffTclent level of free reserves IdefSned a5 the general unrestricted lundl to meet a118rant rnaking expensés. A transfer Is made to the Desl8nated Commls51on Fund15ee belowl for the following year. As at 31 Decernber 2025 the general unrestricted fund amounied 10 £119,149 12024.. £131,565) Oeslgnthtéd Commlsslon Fund The Designated Commlsslon Fund Tepresent5 income th8t has been cornmitted to projects wh5ch, in thelr own rl8ht, are slgnificant to the cultural life ol Birmingham. These project5 May require staged paymenis over several year5 necessltating the retentlon of funds. Approved by order of the board of trustees on 27 March 2026 and si8ned on its behalf bv.. Ljohn n- Chair Page 3
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF JOHN FEENEY CHARITABLE TRUST Indptndent txaminer's report to thè tiustees of John Feeney Charbtable Trust I report to the charity trustee5 on my examination ol the accounts ol John Feeney Charftable Trust (the Trust) for the year ended 31 December 2025. Rtspon5ibilitis Mnd basis ol report As the charity trustee5 01 the Trust you are re5pon5ible for the preparatlon of the accounts In accordanie with the requirements of the Charitie5 Act 20111'the Act'l. I report in respect ol my examination ol the Trust's accounts carried out under Sectlon 145 of the Act and In carrying out my examination I have followed all applicable Dirertions given by the Charity Cornrn15sion under Sectlon 14515llbl of the Act. Ind•p•nd•nt èxamlner's statement I have completed my examination. I confirm that no rnaterial rnatters have cometo my attention sn connectlon wlth the examlnation giving me cause to belleve that in any rnaterlal respect.. accountlng records were not kept In respect of the Trust as requlred by 5ectlon 130 of the Act., or the accounts do not accord wlth those records; or the actounts do not comply wSth the appllcable requlrèments concernln8 the form and content of accounts set out In the Charltles (Accounts and Reportsl Re8ulètlons 2008 otherthan any requlrement that the accounts 6Sve a true and fa5r vlew whlch15 not a Matter con51dered a5 Part of an Independent examlnatlon. I have no concerns and have come ècr05s no other matter5 In connection wlth the exarnlnatlon to whlch attentlon should be drawn In thls report In order to eThablÈ a proper under5taThd5n8 of the accounts to be reached. Peter 5mlth FCA, FCCA J W Hinks LLP Chartered Accountant5 19 Hl8hfleld Road Ed8baston Birrnlngham West Mldlands B15 3BH Oate.. 27 March 2026 Page 4
JOHN FEENEV CHARITA8IETRUST ATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR f NDED 31 DECEMBER 2025 ZOZ5 Total funds 2024 Total funds Unrestricted funds End(>wment fund Notes tNCOME AND ENDOWMENTS FROM Donations and legacies Grant returned Investment income 8,981 8.981 20,477 3,750 85,575 81.070 81.070 Totsl 90.051 90.051 109,802 EXPENDITURE ON Ch•rltsble adlvltles General Grant5 payable Commlsslons Feeney Fellowships Support costs 56,325 27,000 5.675 15,535 56,325 27,IXIO 5,675 26,404 48,430 33,000 9,760 25,053 10,869 Tgtal 104,535 10,869 115,404 116,243 NET IEXPENDMJREII INCOME BEFORE INVESTMENT GAINSIIIOSSES) 114A841 I1069) 125,3531 16,4411 Net 8alnslllossesl on Investment5 196,370 196.370 5,752 NEf INCOMVIEXPENorruREI 114A841 185,SQl 171,017 16891 Translers between funds 13,7511 3,751 Net rnovement In fvnds 118,2351 189.252 171,017 16891 RECONCILIATION OF FUNDS Tot¥1 fvnd5 broy8ht forward 181.392 1,673,039 I54,431 1,855,120 TOTAL FUNDS CARRIED FORWARD 163 157 2,025,448 1,854,431 The note5 form part of these financlal staternents Pa8e 5
JOHN FEENEY CHARITABLETRUST BAMCE SHEET 31 DECEMBER 2025 2025 Total fvnds 2024 Total fund5 Unrestricted fund5 Endowment lund Notes FIXED ASSETS Investments Investments Investment property IA70W9 390,000 I,47009 390,000 1,351,067 320,OLY> L860A09 1.860.809 1.671,067 CURRENT ASSErs Cash at bank Debtors 156.034 8,731 IA82 157,516 8,731 187,972 CREDIYORS Amounts falllng due wSthln one year io 11,6081 IA,6081 14.6081 NEf CURRENT ASSETS 163,157 164.639 183,364 TOTAL ASSETS LESS CURRENT LIABIUTIES 163,157 1,862,291 2.025,448 1,8S4,431 NET ASSETS 163.157 1,862,291 2,025A48 1,854,431 FUNDS Unrestricted funds De518nated Commltrnents Fund Inott 3 Le8acy Fund 12 119,774 14,425 28.958 131,565 29,600 20,227 163,157 181,392 Endowrnent funds 62,291 1673,039 TOTAL FUNDS 2,025 1,854,431 The flnanclal statements were approved by the Board of Trustees and authorlsed lor issue on 27 March 2026 and were $18n d on Its behalf by.. LJohn50n Chalr AD Jackson Trustee The note5 form part of theseflnanclal statements Page 6
JOHN FEENEY CHARITABLE TRUST NOTE5TO THE FINANCIAI STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 BASIS OF PREPARING THE FIIIANCIAL STATEMENTS The financial statements of the charity, which 15 a public benefit entity under FRS 102, have been prepared in accordance with ihe Charicies SORP IFRS 1021 'Accounting and Reportlng by Charitles.. Statement of Recommended Practice applicable to charities preparing their accounts ITh accordance with the Financial Reportln8 Standard 8pplicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,. Financial Reportlng Standard 102 The Flnanclal Reporting Standard applicable in the UK and Repub15c of Ireland. and the CharStles Act 2011. The financlal statement5 have been prepared under the hlstor5cal cost convention, with the exceptlon of investments whlch are included at market value. INCOME All Income $ recognised in the Statement of Financlal AttlvSties oncethe char5ty has entitlernent to the funds, It Is probable that the Income wlll be recelved and the amount can be measured reliablv. EXPENDITURE Llabilitie5 are reco8nlsed as expendlture as soon as there is a legal or con5tructlve ob15gatlon commlttln8 the eharity to that expenditure, It 55 probablethat a transfer of economlc benefits will be requ5red sn settlement and the amount of the obli8atlon can be rneasured reliably. ExpendSiure15 accounted for on an accruals basls and ha5 been classlfled under head5n8S that a88re8ate all c05t related tothe category. Where cost5 cannot be d1CtlY attrlbuted to partlcular headln85 they have been allocated to actSvltles on a basls conslstent wlth the use of resources. Grants offered sublect to condltlons whSch have not been met at the year end date are noted as a tommltment but not accrued as expendlture. INVESTMENT PROPERTY Investment property 55 shown at most rKent valuatloTh. Any a88reBate surplus or deflclt arlsln8 from chan8es In falr valuels reco8nSsed In the Staternent of Flnanclal Actlvltles. FIXED ASS INVESTMENTS Investments are reco8nlsed Inltlally at falr value whlch Is normally the tran5actSon prlce ex¢luding transadlon costs. Subsequently they are measured at lalr value with chan8es reco8n15ed a5 net galn5111055e51 on Investments In the 50FA If the shares are publlcly traded orther falr value can otherw15e be rnea5ured re15ably. Other Investments are measured at cost Impairment. TAXATION The charlty Is exempt from tax on It5 charltable actSvStles. FUND ACCOUNTING Unrestricted funds can be used In accordance wlth the charltable oblertlves at the dlscretlon of the Trustee5. Permanent endowmènts are those where the capital is rètained on a permanent basis with the Interest expended for the purpose Specified by Ihe donor. Further explanatlon of the nature and purpose ol each fun is Included In the notes to the Ilnanclal statement5. INVESTMENT INCOME 2025 2024 Rent81 Income Intert on cash deposits UK listed investment income 24,000 2,636 54.434 81.070 24,000 2.829 58,746 85,575 Page 7 continued...
JOHN FEENEY CHAR ABLE TRUST NOTESTO THE FINANCIAL STATEMENTS- contlnued FOA THE YEAR ENDED 31 DECEMBER 2025 GRANTS, COMMISSIONS AND FELLOWSHIPS 2025 2024 Autin Dance Theatre CIO 3,995 Castle 8rornwSch Gardens 5,000 5,000 Black Voice5 5.000 5.000 5.0(Kl Purnbanat Community Interest Companv Sonia Sabri Companv Vivld Projects Swords Into PIou8hshares CIC Surge Forward Muslc and Arts CIC 5,000 4.803 5,000 23,798 20,000 Hèrfta Berti Assoc4ates 4,780 5.0ty) Blrrnlngham Conservatlon Trust National Trust Blrmln8ham Back to Backs Bahu Twst 4,91Y) 7,500 Electrlc Clnema Flatpack Feaslbillty StUL Tapestry of 81ack Brltons ITOBBI 2,500 5,0(Kl 17,280 17,4C Opèn Spaces Birmlngham and Black Country W51dllfe Trust Craftln8 Cornmun5ty ROAM 4,IXI 4,5 1,530 ecoblrm5ngham MortSneau Gardens Cadbury Barn Trust Northfleld Communlty Garden (Northfleld Arts Forum) 3,097 3.000 3,000 2.000 15.247 11,030 Total General Grants 56,325 48.430 Page 8 continued......
JOHN FEENEY CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS. contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 GRANTS. COMMISSIONS AND FELLOWSHIPS - ¢ontlnued 2025 2024 Commls$lons Aidern Digital Royal 8Srmln8ham Conservatoire CBSO 5,2SO S.(KlO 2,500 Ex Cathed Curloslty Productlons BlrmSn8ham Contemporary Muslc Group IBCMGI BSrmin8ham Clty Llnlversity- Royal 8lrmln8ham Conservatol MAC Blrmingham Ikon Gallery Flatpack Projects 5,000 4,500 5,000 3,250 5,CKIO 4.500 5,000 5.QlXI 33,000 FEENEY SELLOVISHIP IndSvSdual Blrrrln8ham-based art practltloners 5,675 9,760 Totsi Grants. cornmlsslons ind felowshlps 89.000 91.190 Comrnltm•nts for Grants, Commlsslon$ and Fellowshlps The Trustees a8ree grants to be pald over several years forfutur• cornmlsslons, Subject to thelr pro8re5sion and completlon. 2025 Black Voices Ex Cathedra Feeney Fellowshlps 4.425 QirnrnStments outstanding as of 31 December 2025 14,425 The outstanding commltment5 are p8Sd according to the progress of the project and as such cannot be accurately analysed between amounts falling due within one year and over one year. A Deslgnatèd Commltment5 Fund is used forthese projetts. Page 9 continued......
JOHN FEENEY CHARITABLE TRUST NOTESTO THE FINANCIAL5TATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 SUPPORT COSTS 2025 2024 Adrnin15trator fees Sundry expenses Investment rnana8ement fees Le8al and professional fees Bank charges Accountancy Independent Éxam5natlon io.(#)o 1.412 10,869 2,528 35 10,000 2,792 10,641 60 906 654 654 26,404 25,053 TRusfEES' REMUNERATION ANO BENEFITS There were no trustees, rernuneratlon or other beneflts for the year ended 31 December 2025 nor for the year ènded 31 December 2024. TRUSTEES. EXPENSES Trustee5' expenses of £380 were relmbursed for the year ended 31 De¢ernber 2025. COMPARAnvES FOR THE STATEMENT OF FINANCIAL AcrivinES Vnrestrlcted funds Endowment fund Total funds INCOME AND ENDOWMENTS FROM Donatlon5 and le8aclÈs Grants returned Investment Income 20,477 3,750 85.575 20.477 3,750 85,575 109.802 109.802 EXPENDITURE ON Charltable attlvltles Grants payable Qjmmlsslons Feeney Fellowshlps Support costs 48,430 33.000 9,760 14,412 48,430 33,(N)O 9,760 25,053 10.641 Total 105,602 10.641 116.243 Net KaSn5111055esl on investment5 5.752 5,752 NET INCOMEIIEXPENDITUREI RECONCILIATION OF FUNDS Totpl funds brought forward 4,200 14,8891 16891 177,192 1,677,928 1,855,120 TOTAL FUNDS CARRIED FORWARD Page 10 continued......
JOHN FEENEY CHARITABLE TRUST NOTES TOTHE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At l January 2025 Addition5 Disposals Net gain5 on investments 1.351,067 124,110 1130,7381 126.370 At 31 December 2025 IA70.809 NEf BOOKVALUE At 31 December 2025 IA70,809 At 31 Dtt•mb*r 2024 1,351,067 INVESTMENT PROPERTY FAvALuE At l January 2024 Revaluatlon 3ZO,ODO 70,000 NET BOOK VALUE At 31 DÈcember 2025 390.000 At 31 December 2024 320,(X)O CREDITORS: AMOUNT5 FALUNG DUE WIThIN ONE YEAR 2025 2024 Other credltors 4,608 io. RELATED PARTY DISCLOSiIRES On ¢xcasion, grat5 or comffli55ions are made by the John Feeney Charltable Trust to organisations In which the Trustees or partie5 related to the Tru5tee5 of thejohn Feeney Charitable Trust have an interest. In these instance$, those Trustees are excluded froffl the deci5ion-making process. Page 11 continued...
JOHN FEENEY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMETrifs- contSnued FOR THE YEAR ENDED31 DECEMBER 2025 ii. MOVEMENTIN FUNDS Net m(&vement In funds Transf•vs between funds At i.1.2S Al 31.12.25 Unfestrlcled funds General Fund Designated Commltments Fund Le8a¢y Fund 131.565 29.600 20,227 65.78S 189.0001 8,731 177.5761 73,825 119,774 14,415 28,958 181,392 114,4841 13,751 163.157 Endowment funds Permanent Capltal Fund 1,673,039 185.501 3.751 1,862.291 TOTAL FUNDS 1.8S4,431 171,017 2,025.448 Net movement In funds. Included In the above are as follow5: In¢omlng resour£•s Resources expended Galns and Movement In funds ilnrestrlrted funds General Fund Designated Comrnltments Fund Legacy Fund 81.320 {1S,S351 189,0001 65,785 189,0001 8,731 8,731 Endowment funds Permanent Capital Fund 110.8691 196,370 185.SOI TOTAL FUNDS 90.051 115.4041 196,370 171,017 The trustwas fortunate to recelve a legacy of £28,958 and Ihls has been moved to a desl8nated fund to allow the trustees tlmi to consider how best to utili5e the money received. Comparat5ves for movement In funds Net movement In funds Transfers b•iween fvnds At 1.1.24 At 31.12.24 Unrestrkted funds General Fund Deslgnated Commitments Fund Legacy Fund 147,442 29,750 75,163 191,1901 20.227 191,0401 91,040 131,565 29.600 20,227 177,192 181,392 Endowment fvnd5 Permanent Capital Fund 1,677.928 14A891 1,673039 TOTAL FUNDS 1.855,120 1,854A31 Page 12 continued...
JOHN FEENEY CHARITABLE TRUST NOTES TOTNE FINANCIAL STATEMENTS- Contlnuèd FOR THE YEAR ÉhlDED 31 DECEMBER 2025 ii. MOVEMENT IN FUNDS. contlnued Net movement in funds, Included In the above are a5 follows.. Incomln8 resources Resourtes empendtd Galns and loss•$ Movement In funds Unrestrbtted funds General Fund Deslgnated Commltments Fund Legacy Fund 86,575 IIL4121 191,1901 75,163 191,1901 20,227 20,227 Endowment lunds Permanent Capital Fund 110,6411 5.752 14189} TOTAL FUNDS 106,802 113.24Jl 5,752 A current year 12 months and prloryear 12 month5 cornblned p051t5on 5$ •5 follows,. N•t movement In funds Tr•nsler8 between funds At 1.1.2024 At 31.12.2025 Unrestrlrted tunds General Fund Deslgn8ted Cornmltrrents Fund Legacy Fund 147,442 Z9,750 140,948 1180,1901 21958 1168,6161 164,865 119,774 14,425 2&958 Endowm•rt tunds Permanent Caplial Fund 1.677,928 180,611 3,751 1,862,291 TOTAL FUNDS 1.855.120 170,328 2,025,448 A current year 12 rnoThth5 and prSor year 12 months comblned net movement In funds, Included ITh the above are as follows.. Incomlng reSoUe5 Resources empended Galn5 and losses MovÈmnt In funds Unrestrfrtèd funds General Fund Deslgnated Comrnltments Fund Legacy Fund 170,895 {25,947} I0,190) 1180,1901 Z8,958 2B,958 Endowrnent funds Perrnanent Capital Fund 121,5101 202,122 180,612 TOTAL FUNDS 199,853 {231.6471 Z02,122 170328 Page 13 contlnued..
JOHN FEENEY CHARAaLE Trusr NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 ii. MOVEMENT IN FUNDS- continued The General Unrestrlcted Fund represents unrestrlcted incomewhich Is expendable atthe dlscretion of theTrustee5 In furtherance of the objects of the Charity. The Designated Commitments Fund represents income whlch has been Set aslde for the creatlon of new art15ti¢ works. The Permanent Capital Fund represents those assets which must be held permanentty by the Charitv, prlncipally Investments. The trust was fortunate to recelve a legacy of £28,958 and thls ha5 been moved to a desl6nated fund to allow thetrustees tlmi to consider how best to utllise the money received. Page 14 continued...