NORTHERN COUNTIES HILDREN'S BENEVOLENT SOCIETY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 Page 1. NORTHERN COUNMES CHILDREN'S BENEVOLENT SOCIETY CONTENTS PAGES Trust Infomiation Trustees, Annual Report 3to5 Independent Examiners, Report Statement of Financial Activities Balanc8 Sheet Notes to th8 Accounts 9t011 Pag8 2. NORTHERN COUNTIES CHILDREN'S BENEVOLENT SOCIETY TRUST INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2025 Truslees Chair Mr J Cockbum Adam Waugh Rev D R J Holloway Dr E Jones Mrs E Brownevswinbume RLth Foster Trustees Remuneration No Trustee shall receive remuneration, or be interested in the suppty of work or goods, at the cost of the Charity. Secretary Mrs G M Mackie 30 Princes Road Newcastle upon Tyne NE35 Bankers Lloyds TSB Bank PLC 102 Grey Slr88t Newcastle upon Tyne NE99 1SL Independent Examiner Derek Reah Reah & McBride Certtfied Accountants Suite 28 North SarKls Business C8ntre Liberty Way Sundertand SR6 OQA Charlty Number 219696 Page 3. NORTHERN COUNTIES CHILDREN'S BENEVOLENT SOCIErY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 The Twsteas are pleased to prwnt their report tO9ether with the financial statements of the Charity for the year ended 31 sl December 2025. y a Scheme of the Charity Commission sealed on 18th September 1980 the Charities r211ed The Northem Countses Orphan Institution (founded in the year 1864), The George Donkin Fund. and the Charity of Hannah Ochiltr8e were administrydted and managed together as on8 Charity under the title Northern Counties Orphan's Benevolent Society. The Adamson Memorial Fund and the Adamson Memorial Chapel Fund were excluded from the Scheme because there vras no trace of these small funds being registered charities. By a further Scheme of the Charity Commission sealed on 24th January 2000. the name ofthe Charity was changed to THE NORTHERN COUNTIES CHILDREN'S BENEVOLENT SOCIETY. Structure, Govornanu and Management const1t￿lOn The object of the Charity is that rt shall be for the benefrt of children who are in need through sickness. dlsability or other causes and who are resident in the area of benefit with a prèference for children who are orphans and in special cases the benefit of children as aforesaid who are resident elsewhere in England or Wales. There have been no changes in the obj'ectives sinc8 the last annual repjrt. Method of appolntmont of èlectlon of TrustO•• The body of the Trustees when complete shall cffislst of eight persons. New Trusl88s shall be appointed by the continuing Trustees. Pollclo8 adopted for tho indudlon and tralnlng of Tru8tO08 There are no formal procedures for the induction and trainir)g of Trustees. Senior Trustees ensure, on an infomial basis, that new Trustees are given adequat8 infomiation to ensure that they have knowledge of the Charty and their role. Organl8atlonal 8tructurg and declslon maklng Trustees carry out the decision making process in a committeè of unpaid individuals with rel8vant experience In the fields of medicine, finance, the law. children's care and education. This committae d821s with fUndIr￿ and investment decisions. Trustees méet at least four times a year to Consider all applications for support and other applicallons for funds. Related party transjctlons The Trustees are not employed by the Charity or any ott￿r party to whi(* th8 Charity makes grants. No Trustee takes part in any decision of the Charity where th8y or a projeci with which they have en interest mlght benefiL Risk managem•nt The Trustees have ass8ssed th8 major risks to which the Charity is exposed. They consider that the major risks are in the area of investment management and the control of the reconciling of donations receivable. Systems have been implemenled by the Trustees to mitigate these risks and they consider the controls lo be adequate and appropriate. The effectiveness of these controls is reviewed on an ongoing basis. Page 4. NORTHERN COUNTIES CHILDREN'S BENEVOLENT SOCIETY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 ST DECEMBER 2025 Continued Objectives and Activities Pollcles and objectlves The main area of benefits shall be the Counties of Cheshire, Cleveland, Cumbria. Durham, Greater Manchester, Humb6rside. Lancashire. MerseysHJe, Northumberland, North Yorkshire, Soulh Yorkshire, Tyne and Wear and West Yorkshire. Strateglès for achieving objectives Th8 Trustees take a51 reasonable steps to fully erquire into the circumstsnces arising from the requ8St of support including the financial circumstances. Usually hom6 visits where possible are undertaken lo review matters with th8 applicants and reports are obtained from relevant medical, school or other third parti8s who can provide supportlng eviden¢8 and infomation. Actlviti68 for achlovlng obJectlv•s The Charity makes use of the considerable knowledg8 and contacts avai18bl8 to it from its Trustee membership to ensure that relevant support needs are brought to the attention of the Charity. As the demand for funding 8xceeds the supply of funds available to the Charity, it is able lo choose those projects and posts thal most closely match its objectives. Grant maklng poll¢l•s Thè Charity GU￿entlY offers support in the forn of contributions towards school fees, school clothing etc. Invariably tha need for support arises through th8 premature death or severe illness of the major breadwinner, or the break-up of tha family unit. The financial circumstances of the family ar8 fully enquired into by the Trustees before an award is made. Flnanclal a¢tlvlty During the year grants totalling £116204 V￿re awarded to 30 individual benefi¢laries. Th8 Trust's capital funds have been invesled in a portfolio of spe¢ial and Y￿der range securitles. There were revaluation profit on investments durlng the year of £225949 reprgs8nts.ng 10.1 % of the market value al 31st December 2025. Statement of Trustees. R•spon8ibilitl•s Th8 Trustees are responsible for preparing the Annual Reporl and tho financial statements in accordance with appli¢able law and United Kingdom Generally Accepted Accounlin9 Practice. The Truste8s are required to prepare financial ststemenls for each financial year which give a true and fair view of the slate of affairs of the Trust and of the Statement of Financial Activities of the Trust for that period. In preparing those financial statements the Trustees are required to: Select suilable accounting policies and then appty consistently; Make judgements and estsmates that are reasonable and prudent; and Prepare the financial statemenls on the ongoing concern basis unless it is inappropriate to presume that the Trust ￿ll11 continue to operate. P8ge 5. NORTHERN COUNTIES CHILDREN'S BENEVOLENT SOCIETY TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 Continued Th8 Trustees are responsible for keeping proper r8cords which disclose the reasonable accuracy at any time the financial position of the Trust. They are also responsible for safeguarding the assets of the Trust and hence for tsking reasonable steps for prevention of and detection of fraud and other irregularities. On behalf of the Trustees J Cockbum Trustee Date Page 6. NORTHERN COUNTIES CHILDREN'S BENEVOLE￿ SOCIETY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTHERN COUNTIES CHILDREN'S BENEVOLENT SOCIETY I report to Ihe oharity Trustees on my examination of the accounts of the Charity for the year ended 31st Dècember 2025. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the Charity you are r8sponsibk8 for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of th8 Charity's accounts carried out under section 145 of th8 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commisslon under section 14515Xb} of the Act. INDEPENDENT EXAMINER'S TATEMENT Your attention is drawn to the fact that the Chartty has prepared the accounts in aC￿rdanCe with Accounting and Reporting by Charities.. Statement of Recommended Practs'ce applicable to charities preparing their accounts in aC￿rdance with the Financial Reporting Standard applicable in the UK and R6public of Ireland (FRS 102) in preferen￿ to the Accounting and Reporting by Charitl8s.' Statement of R8commended Practice issued on 1 April 2005 which 18 referred to in the extant regulations but has b68n withdrawn. l understand this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted AC￿u￿ting Practice effective for reporting periods b8ginning on or after 1 January 2015. I have completed my examinatlon. I confirm that no matters have come to my attention in ¢onnaction with lh8 examination giving me cause to believe that in any material respect- 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 ACL. or 2. the accounts do not accord with those records; or 3. the accounts do nol comply wilh the applicable requirements concerning Ihe fom and cont8nt of a¢¢ounts set out in the Charities (Accounts and Reports) Règulations 2008 other than any requirement that the aG¢ounts give a fair and 'true view. which is not a matter considered as part of an ind8pendgnt ex8mination. I havè no concems and have come across no other matters in Connection with the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charty's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that l fflight state to Ihe Charity's Trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent pernitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Tb14L Dér8k Reah REAH & MCBRIDE, Certified Accountants Suite 2B North Sands Business Centre Liberty Way Sunderland SR6 OQA Date: L¥ 202 Page 7. NORTHERN COUNTIES CHILDREN'S BENEVOLE￿ SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 ST DECEMBER 2025 Inrx)me Fund Endowmenl Fund Total Funds 2025 Total Funds 2024 Notes INCOME Income Donations and legacies Sir John Priestman Charity Twst Trustees of the late J S Frazer Trustees of Melville Weir deceased Donations 2500 1000 50CMJ 240 2500 1000 5000 240 5000 1000 10000 240 Investrn8nt income Dividends Bank inter8St 80194 220 80194 220 92134 963 TOTAL INCOME 89154 89154 109337 EXPENDITURE Investment management fees 9803 9803 8217 Charitable actlvities Education and clothlng grants Support Costs Governance costs Other resources expended 116204 7691 930 1872 116204 7691 930 1872 69023 7835 912 1872 126697 126697 79642 TOTAL EXPENDITURE 136500 138500 87859 NET {EXPENDITURE) BEFORE GAINSILOSSES ON INVESTMENTS (47346) (47346) 21478 Gainslllosses) on investments 21690 204259 225949 (39060) NET INCOMEI{EXPENDITURE) AND MOVEMENT IN FUNDS (25656) 204259 178603 (17582) TOTAL FUNDS AT 1 ST JANUARY 2025 274839 1671148 1945987 1963569 TOTAL FUNDS AT 31ST DECEMBER 2025 249183 1875407 2124590 1945987 The note on pages 9 to 11 form part of these accounts. Page 8. NORTHERN COUNTIES CHILDREN'S BENEVOLENT SOCIETY BALANCE SHEET AS AT 31ST DECEMBER 2025 Notes 2025 2024 FIXED INVESTMENTS Investments at market value 2215927 1999559 CURRENT ASSETS Cash at bank 13260 39959 LIABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR 5810 5592 NET CURRENT ASSETS 7650 34367 TOTAL ASSSETS LESS CURRENT 2223577 2033926 LIABILITIES Deferred grants payable 98987 87939 NET ASSETS 2124590 1945987 INCOME FUND Unrestricted 249183 274839 CAPITAL FUND Endowment 1875407 1871148 2124590 1945987 Approved by the Board of Trustees on ..J Cockbum Trustee ..Mrs G M Mackie Secretary The notes on pages 9 to 11 form part of these accounts NORTHERN COUNTIES CHILDREN'S BENEVOLENT SOCIETY NOTES TO THE FINANCIAL STATEMENTS AT 31 ST DECEMBER 2025 COUNTING POLICIES Page 9. 1.1 AGcountin ojnvention The financial statements have been prepared under the historical cost convention. with items recognised at cost unless otherwise stated in th6 relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practi￿. Accounting and Reporting by Charities preparing their accounts in aG￿rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in United Kingdom and Republic of Ireland (FRS 102). the Charities Act 2011 and UK Generalty A￿PIed Practice as tl applies from 1 January 2015. The charity constilut6s a public benefft entity as defined by FRS 102. The financial statem8nts have been prepared to gNe a Irue and fairf view and have departed from the Chariti8s (Accounts and Reports) Regulations 2008 only to the extent required lo provide a 'true and fair view,. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 Juty 2014 rather than the Accounting and Reporting by Charities; Statement of Recommended Practi￿ affective from 1 April 2005 which has since been withdrawn. 1.2 F nd accounti General funds are unrestrtcted funds which are availabie for use at th8 discretion of the trustees in furtherance of the general objectives of the chanty and which have rK*t been designated for other purpos8S. Designat8d funds comprise unrestricted funds that have b8èn s81 aslde by the trustees for particular purp08es. The aim and use of each designated furKI is set out in the notes to the financi81 statements. Restricted funds are furKls which are to be used in accordance wlth specffic restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administrating such funds are charged against the specific fund. The aim artd use of each reslri¢led lund is set out in not8S to the financial statem8nts. Investment income. gains and losses are 8llo¢atod to th? appropriate fund. 1.3 Investment Investments are valued at market value on 31st December 2025. The stalement of financlal actlvities includes the net gains arKI losses arising on revaluation throughout the year. 1.4 Incomin and ex Income from investments is (xedited on a receipts basis. Expenditure is charged on an accruals basis. Grants payable are.. Agreed grants paid during th8 year Agreed grants which have not been paid which are payable on the satisfaction of a condition on the part of the grantee which has not been satisfied. NORTHERN COUNTIES CHILDREN'S BENEVOLENT SOCIETY NOTES TO THE FINANCIAL STATEMENTS AT 31 ST DECEMBER 2025 Page 10. ontinued Secretsrial fees are apportioned between Support Costs arKI administrat￿)n. 1.6 Gov8mancè cos Goveman¢e costs comprise all ￿st invofving publ1¢ accountability of the Charity and its compliance with regulations and good practice. These costs indude cost related to statutory audit or examination and legal fees. 1.7 R8alised ain and losses All gains and losses are tsken to the statement of financial activities as they arise. Realis8d gains and losses on investrnents are calculated as the drfference belween sales proceeds 8nd opening market value (purchase date if lalerl. Unrealised gains and losses ar8 calculated as the difference bet￿e&n the market value al the ygar end and opening Ma￿81 value (or purchase date rf later). Realised and unrealised gains ar8 not separated in th8 Statement of Finanoial Activities. 1.8 Cash flow st tem t The Trustees have taken advantsge of the exémption conferred by FRSI to dispense with the requirement to prepare a cash fiow statement on th8 grounds that the trust qualffies as a small entity. rces end 2025 Secretarial 1872 1872 Transf b6 During ihe year monies have been transferred from the endowment to the Income fund to enable an increase in the level of support provided as grants. es 202 Market value at 1st JanL*ry 2025 (Decreaseylncrease in investments Net investment gainsl(losses) (unrealised) Net investment gainsl (losses) (realised) Market value at 31 st December 2025 1999559 (9581) 189677 36272 2035833 2786 (31290) (7770) 2215927 1999559 Cost at 31 st December 2025 1913431 1842671 Unr tricte funds 2025 2024 General fund Adamson Memorial Fund Adamson Memorial Chapel Fund 238727 5866 4590 264383 5866 4590 249183 274839 NORTHERN COUNTIES CHILDREN'S BENEVOLENT SOCIETY THE FINANCIAL STATEMENTS AT 31 ST DECEMBER 2025 Page 11. NOTES T Continued Pemanent endowment The permanent endowment fund was 8Stablish6d under a scheme approved by the Charity Commissioners on 18th September 1980. The income of the fund is availablé for general purposes. onciliation of f ds for he ear ended 31 st December 2024 Unrestricted funds Permanent 8ndowment At 1 st January 2025 Net movements of resources in year Balance carried forward at 31 st December 2025 274839 (25656) 1671148 1945987 204259 178603 249183 1875407 2124590 Represented by.. Inv8Stments Net current assets Deferred grants payable 340520 7650 {98987) 1875407 2215927 7650 {989871 249183 1875407 2124590