2023-03-31-accounts

Charity number 220857 Regulator of Social Housing number A1168 Care Quality Commission number 1-101610460 ELEANOR PALMER TRUST REPORT OF THE TRusfEES AND AUDrrED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

ELEANOR PALMER TRUST Contents Irform&>Jn RerKrt oftrE 803rd ofmawwnè Irvjepetht A￿lItrt RekNJrt Stat97tent of Comtxehersve IrK) 13 Statèwt of Positk 14 statanert ofChavJes in Eqibty Res￿¥ 15 Ca Ststemert 16-17 Notes to the Statnents 18-29

ELEANOR PALMER TRusr General Inforniation Re9lst¢r•d offi￿. 106B wo￿1 Street ENS 48Y Trus￿. {Ch&rnwn} Ivke th?Arl A Comdius A Gnmwade O L¢wJ#aff W Prerthe Dws L Templttm {re 26 W 2023) R￿. T J Tmlisth Irel9￿ I 2022) A Pwker M Clw" L AJt4 20221 R J Bames laD￿￿nted 26 20231 S W Radford {apwnted 26 2023) GJ Sollcltor&' rthèm IMI Bell SWIH ceL Oankem: EN5 8 Fnury Clfots EC2M 7AZ Audlttti Plxe (￿yde Chath•n Mariihiie ME4 4QU Charity Comrnis•i Nwnbtr.. 220857 R•9thtor of SocS0l Hou•1 r.. A1168 Car* Quallty Comml$4on (CQC) 1.101610q60 Page.. I

ELEANOR PALMER TRusr REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCM 2023 orygin of Chanty was 3 beneP&tson of Eleanor Palmer who In 1558. ALrording te the plaque it? Bamet Churth, Ile'dld this¢ow￿￿n￿OIxMd$h fvr¢verf. The remanin9 ￿[￿1 ¥as aTrJ the funds from trt Sale Ywere invested by'The Esrate Chèrity of Eleanor Palmerf. In Septsmber 2021, the ￿rd Ihe Eate 0￿rity ¥0￿ to rJ(A Charty a￿1 the assets were divided btheen Trurt aThJ St PJma5 Wdfarefrus4 In sratrd in the knme. ¢urr4rt structur•i go¥emanc• and many•mant earnr Patmer Trust wa5 fwhY8d on 29 Fthrwy 1558 ¥TrJ a re9iwed ¢knnty, Th). 221857. The Trustees ￿ ajso Olrett¢)tsfor the pJrt<Ée 2&A. The present g￿mIr￿j Instrum8)t of the awrity Is a Scheme aTrJ wiued with Charty Cl￿rr￿S￿on on 22nd MJY 2015. Thls cmsbtutes a ￿mited Compty, ts￿tert Ele￿ Pkn Tnts bft¥toJ a5 Tr(Aee cl the The Stheme modlfte5 earlier reg￿ted the Chan"ty as the Ch¥ty of ￿e￿r Wdlmer Ishare of, the benefit of the Anoent Parfsh of Banetl. ITh 1999 the S•ThJel Reb￿0 Byford CW InCLWated into the &eanor Paknv TruA o. Ekanor Palmer T￿￿et tsmr(ed cwsts of tw LYrectty% are LonthTr 8amet NomlTh& Dlrettors. and sbx Co. opted Th'rectors. The ￿C￿nts are pfeparJ In XCL¥d¥￿ the FITh￿ Rewung ￿d)ra FRSIO2. The Board c¢ Dlrettors meot aThJ ccY)UnW rth the Ca￿ J)d offer8J and a￿ aways looklng for improvfftnts ro benefit the rents a￿fj the lorwty of ￿ Chanty. The ljief EM￿jb¥e Offlctr Iceoi ks ap￿Trnted by the Directcys to manage the day.ttrdty OFeratlon5 of the Chanty. The CEO hès JeleptsJ authjnty, ttrm5 ￿ dele9atbn approv￿ by the Dlrfors for operatyonal mattets inthd¥wJ finan￿ d •nplryrw. The n$ ¢Ye •Mty5ed cornp￿ In the regi#W a￿1 rmnlttyed by the Dkrftrxs at ehyy Bo¥d The ￿ard has a robust system ¢Y r n%?nagem￿L Oldes ￿ procethjres to W ma"rtn • Ngh stwJard & g0veman￿ and tt￿d￿. The 8oard has a dlver¥e rarffje of bJthgrCu￿1s In b￿neSS and IFe bn'wiw a broad rarye d experlence to BDard provk11ng a hl9h standard effects¥e infom)ed decis1￿$ tfvWj￿ut ￿ year. Al members gfve thar tyme voluntarly. ￿orIty Is re¥sttred the Hr#J4NJ ￿ ￿4th the CE C¢ffjml$40n. Director5 Ctfifirn thèt W have thar duty uth 17 (knbes P£t 2011 In respett L pubuc ￿nefit guidance publlsh¥J by the Chartty C(¥m1￿m. prtndp•l •c¥vltle9 Or af the of tht Elea)ef PakntrTrust $ to ¢f&&7￿￿1)D￿C1n ned, haiw eanDr Palmer Atmthoux SJFPtyted for older in finatKi hardthip. The Pr￿pe￿e$ Jre avoi￿￿e lor single5 aTr1 c￿j￿e$. In the NwthJ * R￿d￿￿al Care Hcrf￿. 24knJr ce Is older peoF4e. The Charity also pro￿￿e5 Rel￿ in Need (lants for peor4e in tre ¥eo ofbtr￿ The Chartty ov4n$ seventywht Shdtued nais burvjkn located frJw Ytes In the EN5 aw. It delivers houangi rna1nten￿ and ￿P￿t 5ervths thar meet Iisdf of the hvjh #andards ath￿ed. Eight of these unirs ¥e sjitable for wheethair ￿r5. of the te4n dAyJ•J thv.r th• latt 30+ yur4 ￿rther Imwovetnenrs contrnue ro te tlNWdwed by Board. C¥e Ope￿ in 199), by Srx¥a H￿r￿j Grant throw L￿1 AuthrAIty. Tn Fetrnary 2018 ￿ Care Quality Home. wwoved for the Cwe Servi￿ to ￿ upar4dvJ ￿tr￿JLe￿d fr<￿'Re¥￿￿￿' to 6'NUr￿lvj ana R85K1ential' UTrenty bye have r￿re than 80 r￿Adents tlk41 from savicE provKled by SuFpDrt Offi￿r$. In aJdition to thi5 servie, all of the woperbe5 have a 2￿￿ akirni cal SYS￿ is ljr&ed lo 4 T￿￿￿(.￿. panel. The'out of hours. 9JFWrt savice s prth4ded ty EnfbJ S aTrJ c￿eCterf. Page.. 2

ELEANOR PALMER TRUST REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2023 Prindpal activitles (conunued) The (Janty's grant giwng semce provtdes graD15 to irtdwidu￿s to'mt for As defined by the Scherne rt is requSwMent that tt benefiaaries INe y￿lIn areas rfberEfft the okl (prtrL%5} Urban Distrus of Chipping Bamet and East BarrEt- most of EN5 and EN4 of NIL N14 w51al oThtes1. The (Jarity is r￿lstered wth. and ¥Yorks with the tA)j￿￿r￿1 The fte9ula￿ of knal HougrrtJ (RSHI Nabonal Reglster of knal ￿￿￿Ing INROSHI Tre Charity CommL$￿Tr The Cart Quality Cwimiffjc London Porwgh of Banet Chartw& Inststh of HO￿r9 National Housing F•Jerati(xi AoJty perf￿manCe BKhmarknrvJ Age UK Barnet LACNG Larger (Jaribe5 Core (>rxJ RevleY• of th4 year The Trust has ddivered a str(ry okwatyNJ [￿r￿￿. The re5LIt year t￿J￿1 31st Mwth 2023 was a surplus of ÉL57,597 on the cperations for the year. The tharty a tthl coryrdiwe defyJt of £239.171. The Direttors monitor rewlts ofthe Care H(#r￿ ￿ a rnontlty ba5arvJ the a qutsty ba%s èpirst Ihe agrèed annual budget. Tre Director5 have re¥￿0 fuwre for£r& are salJ that 15 a g(ty The ￿Unts have therefore been pr￿are￿ on the wing concern bas& Repaits and sto¢k malnt•nan The Trust airns to keep all Its woperties and gte5 Srt seojre ¥￿1 mantsinryl fulltrhiThJ a m?Antenarte programme. An extraordin￿ repJr ha5 W es73t4tsJ tr m￿Y ￿ tD finarte any EgirafytAnwy repairs the Trust ha5 to tarry Investm•nt and Reservts Pth£v The Ch3nty holds reserves bad(ed by i0¥eth￿ to shcrt ￿j ￿ter￿ Free reserve5 are hdd to meet 5hort.twm Obl￿a￿onS. Due to the n¥estrF￿r fivll the d￿lre efthe E4 y&r. Ihe inhtslrnt income has now irrns& to a totsl of £304.193. A ￿￿tfoliO of Inyestrnents ig W to promde. in the 9rt.temi, to sub&th"se knJ￿n9 costs to ￿￿jre trE continuation of the CK4rity and any add￿0￿4 benefft5 rffjuiral residwts. the lontemi, the investsmrsarn to ath￿e gjffiwt the benefft5 to £￿￿nue to be g￿en at ￿ alThe the 5atne rdatb¥e level of vdL. In Odd)er 2022. th¥@ was a of the Charivs of Inves1r￿ts from (Thades StJ)l & Co. Umited to Ratrtj Group Hc. RathiX￿eS prepare a full rewt to the Pthrd C￿ a quartth ba55 and pr￿nt a year. Tr Direaors make all kery decis￿ns. Compllanc• with the Gov•rn•ne• aTrd Vl•W¥ty Stndard The Threttors conffft Inat the T[￿t r￿5 met me Regubty trkwtWJ'5 te9￿ Ap¢otstion5 grPnrnlln￿ a)4 fin￿￿al wabilrty 5tondard. Threctors interKI te wwre that the TrLSt cwbnues to meet the needs OF re9dMrts by mwntrinitvJ the pr￿l￿e9 to a hlgh swdard and posyble, adapts"rvJ to the neth of iThlNJLwI re$KI￿ts as tsr or￿MStarKe5 thatvje. The DireLtor5 are confident that the Trust vrill tmmue to ￿ti￿de safe. coMf￿￿b￿ t￿Mts for the residents in ￿eas￿ sJrrourK1ings for the f£￿eeab￿ futwe. Value for Monty is al the tEart of we think at Palm¥ TnL# the Pthrd arwj CEO a￿ frxwsed on maintairxng that c(xnmthnt in tr* ftrture.

ELEANOR PALMER TRUST REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2023 Value for Money l Metri(s 202212023 Efeanor Pdnr TnLSt (EFTI ts a RegLtttred Prowder IRPI of Hcwgryj ￿ we we required the Wulator of s￿al Housing IRSHI, to d￿on$trate to our W g&ehcAd#s that ￿ rr￿et standads ser on f(r Tr1￿, a5 pertr new reporbrvj staThlards Intr(NJuced th L Aprfl 2018. Value Morw rrears efftNe pkn. manage and operate. Our anNal IrKoW￿ w E2,751,643, the mwrty rel￿￿ IKxL•rv) ￿tiTh)$ & £2.684,962. Our annu41 eWd1th￿ was £IYJ4.016 and of this we swt El.834,984 on the tWW5ion of$eM￿S and £183,447 on rnaintsnance. gJpwrt sevice5 for ￿la1 FKXLgrKJ lettsngs we £99.￿ and cvsts wtre £L33,24l. Void (os %¥Ère E20,209 ts Shelrered and £17,954 for the Care Home. Val From l April 2018, the RSH ￿UireS that puNthed in rw ann￿4 ￿￿nIS against seven key metn(s. The puryTh ofthe rev&d siaThJard Is to e￿re ttwt the h(￿n9 twxlies rewrt on a Set St￿￿ard metri(5 perfomiarKe can be compared to petrs. EPT uses varw of Metr￿ to gauge and mmwe its wfvrmarth. It Pattiapates in Acuity BeothrTk4r￿n9 group overing the South and East of wthÈre t can with otlr ddi¥wry srilar slthed hr￿sEn9 seTri th regards to EPT, VR have ary untypl& profl¢ barwj both a for Lldp peoFle and alg) a iare ￿rne wowder vlll dist(rt x¥ne ( ow mthc re￿ts. The new Vakne Morw thd¥d requi￿ aSsr￿￿[￿S to h￿¥ have pthrm&f again# ￿r own metrits and that psforniantr Compar￿ to p Metric l.. kn¥estment %.The in lethg Sup￿) a5 a pewiage ofthe Oftl￿ properties hdd. Metric 2.. Nesy sup￿¥ ddwtred PKAJ5in9 wqts) %- Ihe wmber of new I￿￿n9 units d￿Nered as a proportion of total SCKial hw5ing units We do not have any rth ￿Nn¢$ In H¢ThYe4W. rtats frjrmth LKxxJpiJ by the thme ￿￿nagerS were made available to tenants in Atxrf 2016. Metric 3.. fwring.. . Ner debt as a [rr￿ vdue ofttha prcwiie5 hebj. Metric 4.. EarniryJs bef<￿e Intts Tax, depreoon. ￿n[￿b$atiOn1 maitr rox¥s IrKI￿￿￿ {EBrrDA MRI) Interest Cover %'. _Th￿ ts a key Indicator fLY hquidty and in¥￿￿t opaaty. It mewrE5 the of WJ5 a wsterèj prty¥Jw generatss compared to interast payable. Thi5 avc4ds any d￿￿l¥￿ Stwrirg frixn the dewKth" n Ch￿g4 Metric 5.. He&11￿ &)oal Hou9r%J cost unit- H(KfytyJ crAsts {a5 damed ty thÈ Re9ulatsl dmded by tctal unit owrd andl or manw. metr￿ 6.. Operatw Margin %:. TIN5 ￿￿thte$ the pr￿tl￿ty of(waDng assets Lth eXCepkn￿ eynse5 are tsken Intt) awunt. Metric 7.. Ret￿ tsn ¢2￿la1 empljyed IRCWI'.- compa￿$ wWu5 to assets less aJrpv)t rNakn115e% It 15 common measure in the CLNnmerual Sthr to asse&s the afthit investr￿t of rewJr 2022123 2021122 0.41% 8.34% NIA NIA RtrlnveStM￿t New SUp￿V debver GèènrvJ EBtrDA MRI- Intew Cov¥% Headline Stiul cost w unit Operating Mar9in- Soaa HousThJ Lettings orly 5995% 7,735.(KJ 251&Y¢ 15.020.30 16 Operabng Mar9inlexduding 5* Rettm on C¥ital Empltygy CROCE) -1.39% 2.83% P&Je'. 4

ELEANOR PALMER TRusr REPORT OF THE TRusfEE FOR THE YEAR ENDED 31 MARCH 2023 4r- Ow strateglc Ob￿0ve 15 to"kYovide wdity how4r4 (are and gJPPCt for Ll¥ r in need that promotes independence and Choi￿ in a safe envmNnenfto oldu pec¢￿ in (Marea of b￿￿t. We are e(X))mtt￿d to maintaining the hlghest standard Olhw￿n9 aThY wofe44ona care to ¥1 resti1&￿ Mi an iTKIugve. pers￿1, wrwr¥e, safe and thendy ccffimunlty. al Understanding the needs of cojr stakeholtss Our maln stskthrAder grwpls wr rE5￿Tr￿ t￿ aJThwt fijtwe. It15 ￿j who drl¥e d￿n￿d our se￿￿ and for w￿M we strNe fty corknnu prn1iry t￿￿ of a tsgh stsrthrd. K•y Sthk•hold•r Regdents- 5Wered HeLtslng Our ￿l￿•T%•￿dIDg of stak•l￿t￿￿ •xp•rt•tio The tcg ror rvadwts Is keeyng thern Inftymed ano I15￿11￿9 to th•r views. the ¢)¥8all wakty of th•r home5, respmgve repalr5, Mainten￿ a safe u￿rr￿¥ty. Reg￿r events. dasses and outitys are fYgand to the interxtyw )d ￿Pport fer eath other the EPT mmmur¥ty. esident and farnblk5- Care Home (Cantdo￿ts PkJu5el ArtivlYe5. rr￿tal aThJ phyycal thmuLh)n. pewial Interests and b$, re-decoratsc￿ t4kl upgr￿1r￿ ￿ the faciliues, safety in a seojre Hcrfre. stsff. ryrused fc rtsdents c< f•nty members to hear vlews, good COMMU￿￿tIo￿ Speed artw￿(￿1 complant care. eanor Palrrw Trlst Staff r￿d managerr￿t 9JPPNt d a cdlJbori¥e Chadty Commts5i FoHty%iThJ the regLtitiw% of the d))￿￿> obJectN wr ￿$¥￿. Strat￿ aTrJ finaroal stability. The Regulator of SrKWI Htyjsi UnderandiThJ and fclbwmg the re9￿a￿￿5 of RSH. Strong on ￿ue ar¥J a fin￿allY viakAe ca￿ (&allty CL¥Trmwi of Se￿￿ that Ls s. eifecttwe, ianrvj, resp)￿ve wdl- kd, Futy (£¥npUant arnj aWKn[Th￿￿[I0n. Ddffty of hw, we wces that we In actordarKe th strategies aTrJ mLYt the required stsndaros. Lmdon &)rough of Bar Third Sffit)r or9artsauo￿ tlk ￿￿1Ver services in eur wea c£41ab0rnti￿ ¥Yhert tts hdp benefi¢iaries.' thanng prtytyon. The Alm4KKtse A%g)oaiJc sr•idard5 of PJntshyJse Mana bl Our 4)prow We contynue to a fthAslng $￿e wRh an aim kn Pr￿[￿ a gc#)J, effecb¥e. a)MnMj￿ty for our resdents to enjoy. Vdue for m(￿tY 15 extren• IMpryt￿t to ￿ aTrJ IhLs L5 (l)[￿der&I in all of our Sp￿￿'ng decLgons. Condwbng bi.rnonth￿ FAwd fneirwJs to awe th al PAwd ae up to date of all ￿en￿ts oftheTrust on more regular b451¥ Page.. 5

ELEANOR PALMER TRusr REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2023 Annual skI15 aLktit of all m C(￿duCti￿j ouartedy redent meetings att￿ed ￿ 0￿$1, Ihe CEO. the H(NJ￿ry Supwrt M￿ger Ho￿l￿j Swport Officers to consLIt Isten to the resxlent man¥Jem•)t of the Trkmtenance of their homes d serwces P￿ded. Carrying out annual re9d￿ts, to a wptth. tsTh"enL C05t-eff&ve rt￿ag￿t SeN1￿ Is kyovided to a hvjh I￿1 ef re9dent saiw&-b"w )d to IL&) tsj th•r Khrlsing clme and vdue for fThr our nua rewew ol finandl pr￿￿￿e& m•ntaniThJ foojs ￿ Costs tt¥whrwA by p¥owng wod, efflcEnt se￿￿ at the best price. ppolnth9 prof&onal cO￿ttan[S 10 prW manage ￿ ¢JwrwJ [laN￿j mntrne v•Jrk. Ens￿r￿j M￿n￿arKe FI￿ 1$ lhtred to IndLuW amual b￿Cl Invest In our staff, In tw traThYJ ded￿n￿l Obtalnlrg the Sthcts of speoal YNeJnent Com￿¥ to ￿ IrKrearJ fina￿1￿1 retum on our investmwts. We are a member ofAoJity tyenthMa￿9 gry wl%ye t#)Ih tl %aor re9uLator meirics and other benthmarkiry data iq entwed. The benChMarkJ￿ reptyt r•le£ts w data that olothw smll¥ OrganI￿til￿￿. Jmprtsved tumarrAJnd ￿Me5 M ¥ods beTh mathed oth¥ l￿d￿. m to athie¥ year on wr effi04 Subgdiskng ResSdenV5 KU¥tyes eW4ly 31 We en9tye with t￿r res￿ent and thdr fan%is ￿ a varw rf rwr6 irKhAiThJ ttYryJW'. ExP¢rfen￿d HcwrKJ Support Oftts& Expernced Regthred Nurse C¥e Marw. 5enlcf M4nagement T￿. Regukr staff tralnirg prcgrYMne. Malntenance 5obsfacDon forms au wks cthivkted Witt￿ re4YenVs knK¥. Coffee morrlngs and grLXJP ￿rtS Te$d￿ts held ¥rfeeJy xhen ty sth•me, ott)er weekjy organw indude I￿￿h dub, afterry￿, T• th. Yoga, medirab.on dasses fish & ttip wJppers. even￿ trips e.g. al gtes Cfvtstims p¥ty. Seawl theatr¢ LwMt ￿ sea4de trw, plus many olher resthnt ¢yJdrJs Resl¢ent Sugg￿r￿feed￿ ¢>oxes at Annual 9ardeniryJ com1th￿. lor Management team In¥)eCts￿ and r•wkrMgts to spt residents. Amval ￿r¥ey]feedb•¢ q￿tK)r￿Sre5 are O￿ared 10 1151liWtd W xh￿5 and care rethrs and farnily/frierth,' ro au #aff Malntainiw the larm cal tsn to prtrlhle 24 hr. resp￿ to Inod 4) We have a robu5r approath ro our cosrs mawemeN. we a FI￿1 mahitrte stregy cjrrted tyjt by a qualifted suryor to ensure that M￿nt￿onCe pro9r¥n is and finanthal re5xx￿ arE allctsw in a timely Man￿r. The senKir management tean crn (Mjt tsJmFtifNe teTh￿rir￿J OTr oth¥ 5UVKes wtmth thain on a Ger￿¥jIr￿l ba95 to enswE that compeyr￿e pnong is achivfftd ￿tIK￿rt compYthmLSry cffi quarty. We (arry tothmarkng acti￿lty to ￿5￿e that we are prowKling the seNce5 nr our pets5. We revSew ((N￿acts to ewe ￿tI￿$t valK bA in wes fThr the senocelpmdwts Is r￿Ved. Our tydlcal maintentrts twoets been mrf tht are d the Qultyuwrm￿ VKts. r MCn￿Ori￿ oftl rnainro)ar￿ wy1￿ prtt￿rrnts ofgLN)ts be￿ greaty rnpr￿d. whKh a more cost eifeth¥e and effioent semcd This ha5 re>Jtted in darity of &y￿1n9. of resour￿ anLI hstoncal records for ft￿re cydK31 work5. budgetvg arKI th￿ prodwry eft&tve teKhmarknng. Ths has W a pogtfve imp on our Value fur Money. Page.. 6

ELEANOR PALMER TRusr REPORT OF THE TRusfEE FOR TrIE YEAR ENDED 31 MARCH 2023 41 ml Our Five-year Maintenance Strategy Is ach1ww excellwt qualty atrwe v¥ue Better ￿￿jrement Ptocesse5 have kd to a conb"nLUry pkn of D¥thter contrr4 of costs ￿ xKYe¥èJ fc¢)Js cm accessiHty and ease of use ¢)ur fraller residents. Stsff trainlng and inforn￿ provltsJ. The redU￿d entrance fc Impl￿ted ￿ 2018, rewthj in ftM)re per In dtrectflnarthl h¥tship beln9 h￿Sed a5 per our Sch￿r￿. 5) The Charity has a continued foctts 3 5trw preventknve rnaMtaN￿ kK4ty re&AlS in t￿h for reydents. wdl mainta¢red properties betttr value for Contywing to m￿ltOr KPI'S In rtspectof rep$ voSd5 ithY4L We akn fft the mfcrnation to set our foM¥d The top ￿ortty lor re5kJtr)ts Ls Wlrvj than lonirvJ ro Uw"r quJlty olthr resp)￿¥¢ rq)alrs, maintenance a sbfe Ccnm￿ty. Various Improvements Iwve been m• In ¢YJIL￿￿ areas at al of gt4 tr the reshjents and phwol health and Recbfylng the paih¥Yays at the cl tstek)wes, Sprirv4 aose: thduthrrfj i￿r￿j ￿Jt the la￿ area, has fxeated a lovdy garden sp￿e ftr our They have uty￿sed INS spKe ty addirvj th•r own p￿1$ and ￿t wth eath other dudng summer. New lighting and ccrv canera5 have In#al&J ￿tsJe the frcrt of ￿(￿e. Re￿￿￿9 the pathways at the frwt of Cante￿￿ and 1n5talats"￿ of fie￿"ble bcws.. to resitt larye vehdes up curb a￿1 cau4TrJ dwrw¢. Trees have been cut ba( at aose to rej￿ Jny helth d sty rfsk& Pahth9 Qt the soffits at 8yttrd Mr¥se He￿ offi￿ staff pwkirrfJ,' rtfurtmthertt of Ihe diiveay Commenced the ￿rend￿r￿j of the Owrty's Ceft¥ner￿ at 89 Street In March 2023, the Charty inbts'ai￿ a rw promt at W's Hi11 to Cr￿ a rlot tr use fcr thjr readents and the Care H¢The. Ten raised Ws will be irsta4ed and H¢xtyThJ and ca￿ Rs"dents VAI have alk(ated beds for grthTrJ I￿r own Yegetsbles, fr￿t and tlowers. SO￿ of the prr4Yuct iU be in ihe fcthl preparson of the meaLs In ihe Carè Home. Thi5 prolert bwll promote hortKultwe and ltr ￿denIS Sn ￿ AJmshty￿ ihe Cae Home to hwe the￿ own to nurture ènd briryj ltsne. A patyo sha1 are Flan￿ ID be asvJW ar￿ a 9Jfflff￿ be put up l•t¢r in the mmer. The fvrity invested In a dtttrcrtc cwe pkn The fvJe5 4 rrNe errthe, 5xure aTrJ ccrnpU)nr Se￿tr In ￿ Care Hune. The Care Hc￿￿ pttwe Lfv&j￿d has been ftdty r¥Axed afvj a rrm efftis tw&Je for ihe el￿tr￿1C care klan aThY meokation InOled. ccrv been irthlknd in 41 Comfi￿￿21 ar￿ at IN W indth4llYJ in tMCare Hcrt. Tender prfces haye beth awmed by ihe W to bedrion dtyys kn the th Hom& A redeccrfaom rdumisNng efthe Care WrtK#n5 Ls kn wryrES% YAlth the ofdoakrooms rcnm Tre Charivs tdans WrMJ fwarJ are.'- to create an addthcffjd rKtsThJ l)gJrc#Jm li the H¢w a staff rrATh rwn. ￿let aNJ ￿5t Storage rts)m. plan ftr the roL¥n S to create a reknry. ctynffthb12 w for the *aff to rtrwgise. io g))Me privaty or to sutsalSe thth their colleagues break d rejuvwati(xi. Page.. 7

ELEANOR PALMER TRUST RE14)RT OF THE TRusfEE FOR THE YEAR ENDED 31 MARCH 2023 dltbnal disat4ed &ce4 to the garde laundry area upgrade. niiure replac•n￿t prrtyw￿ in the HLW. The conyefyon ofbathrrnms io %￿t rom (n future f￿11th$ in resxlenV5 Jmes. fjovemanc• We contsnue to wrrk towwts rmy stated aim of rxjr apPr￿h to Is bert p￿bce and we work to the princ)￿e5 set %wthin Gr￿ ￿vernor￿ Code. StrattsJK rc(￿ conts.nues to be of ￿r￿r￿nt IMkxytar￿ fLY the PA)d. The Direttws have a wide rarKJe of vaned Sk￿LS trxrth"a)ce Ihat greaty to the strew kno¥%ledge of Ihe Board. St•tem•nt of the Trustms respon51b1lh1￿ In r•SP￿ of th• accounts The Charitie5 Atts and the Trust Schtrne require Trust to Wep0￿ accotsnts tr eath fin￿da1 yeJr wthth glve a true and fèSr v of the state of affalrs of the TrLk# JrrA￿1dthr of the Trust frx that Pth[￿. In prepanTrJ these accounts theTrustee5 are reouhd to'.- Make ludgemeTrts and estSmat& that ¥e r￿able w¢l¥: Slate ¥vhether applICab￿ acc￿n0￿ standd5 hove been fckned, 10 •)y departures dixlwd explaI￿d In the flnandèl aten￿)ts,. Prepare the atrounrs c¢Y•n basis urth6 6t kn W•pprcyth to thDt th ¥￿1 LDn¥nu8 In ¢peTr￿on. The Dlrectcrt we rewsi)k for kwng pryer atcwnJNJ recor05 reasffiaNe atajracy at any bme the flnano pO￿tIon of the Tru￿ aTrJ t? ￿able to erNJre that ts accounts c(Mnpty ￿1th the Charfies Acts, the Hwsing and Rryenerauon Act 2008 ald Tru# t)e&J. It is so re5PWgble fry safewardkng the of the fru$t aTrS hence frjr taking reasonable sreps for rhe and detth rf fraLkl fAher ryu1￿￿$, ty esta￿l$hirvJ mnt4lning a s)tthttc¥y $tern of wer the Th￿$ cath atl ts rerypts aTrJ ￿MI1￿ceS Publlc B•n•flt Enuty As a public bendt enbty. Eleanor Patw has thtity'PBV prdlxed paragr¥hs of FAS LO2. R15k man•g•m•nt and Intsrnal Control The Direttors have revlewj the major rtsks to the ¢knty ts eypJs&J the ￿the chthty, ts Invesrmènts and Its finances. The Uirectors bekn that iv examin¥vJ ty 5Feofic and trAJ9￿ and (wationl risks faced by the ¢harity. by en￿rIng exL%t o¥et the syrtuns safe cust(¥fy rl the thanty's asts aThl In￿￿t$, and by monltoflng the rern Of￿ chartty ￿ have ettlthd efftttive Mea￿ to M￿gate thjse risks The Directfn are reSp￿#￿e Tvusvs syxtsm rflntern￿ Cwlrci Thty r• that gxh a tyem ￿ mde reas¢naNe, The m•in le3knrt5 olth¢ Intemal ccKrtrt4 system are.. written pr(t¢du￿ set out of annual budgets with dear atcourtstrjlty fry mntrd ￿ eath quèrterty rewtiThJ Lryde to the Directry5 The Dlrettors who he￿ office at t1￿ date of aF￿ Of this repryt (wthrm W irfv as thty a￿ awa￿ there Is rdM)t a￿lt infformabon of wh￿h the Tnrfs auditors unaware,. and that the Clrxtors hove tsken 1 the Steps tty wght to have ten 35 Directors to maké aware Of￿ reltrant ￿011 inrrnr￿ a￿1 to £sta￿th that theTrv5t's audit￿$ are aware of that informibon. This rwrt was 4woved ty the clC*ectus c 0108J13 aThJ si3r￿1 on th2ir bew by.. Antmrry Aklemian, Page.. 8

Independent Auditor's Report to the Board of ELEANOR PALMER TRusr O￿ni1)n We have a￿ted the flnawal statenEnts of &ean￿ PalwTrust lthe.as9x1ab￿J year ￿ded 31 Mard) 2023 C￿pr￿e the Statemwt of Comprehen5we TncomÈ, tke StaterTnt of fin￿al Postb"w. the StatwTEnt of Cath Hows and Statement of Changes in Re￿eS and no￿ to the finanoal statem￿15. i￿L￿11r￿j a ￿Mmary of sgnifkcant actowting pdioes. The financial reportiTrJ framework that has be￿ in th￿r is ap￿ Iw United Accounting Standards induding Rewxbng Standard 102 77kb￿￿)￿R￿wr￿￿sI5￿4WIK3ti/e th8 UKarKIRwNK of If￿ald (unit￿ ￿rgdoM Gwerauy Accwj Acctyjkng PracttrEI. Ln (xjr opnion the finan￿ Strte￿￿: glve a true ar¥J fa￿ vew of the 51ate asXoat￿,S aftsirs as ar 31 Mar<h 2023 aTKI of its IrKomirvJ restrJrtt5 and 4)plicatim of re9)ur￿, induding its i1￿ aTrJ exwthtwe. for the eThJui. • have bn pnrerty prepa￿ in vith Urmtuj knJd(xn Accw latyJnYrvJ PraLtie: and • have prepared in accordants wrth the requ1￿m￿lts of the Charibes Act 2011, tre FICA￿[￿j awKI Reg￿ation Art 2CI)8 AccounJng Direction for private re9st￿l providers of scLia h(xJtyw in ErvJkn¥J 2019. Basis for opinion We conducted a￿lIt in acc(KtsrKe ￿•th slarKI￿d$ ￿ A￿lIt￿ {UK) (I5￿ (UKII Thjr responsibilities under those siaThJards we f￿er d￿bed in A￿￿tt<s rtspWts"￿.tYe5 for ts a￿Irt of the fin3n(id 51atema)ts sectyon of our rep)rt. We are independent of awtiabth) in accor￿￿ Y￿th the ethid reqUire[￿ts ihat are relevant to our audit of ime finanoal sratWTEnts the UK ind[￿Ing the FRCS EthKal Standard. and have fulfilled our ottw ethKal responslbilities in accordartt with rwuiremthrs We bd￿¢ thaitrt a￿t evKleKe have obtained 15 suffic¢￿t appropriate to pmwde a ba55 for tyjr opir•on. Condulons relallng to golng (sjnceni In auditing the fin￿al Stat￿￿ts ha¥e ccThJL¥j￿j that fAwds ￿e wrwj CryKn bags of ￿¢Th1ntir¥} in the preparaDon of the finanoal siatenents is appropnate. Based on the w￿k￿e have pufvmied,we have r%rt ¥Jentifi& rnaterial l￿ertaIntieS to erfetts or (r￿dI￿o￿ thal Indiwdudly or co11￿1v￿Y, may cast 9wificant d￿jbt ￿ the a￿￿Xiat￿,5 ability to as a g(x¥J C(4Kem fera pericxj of at le45t iwefve months from when ts finanad Strte[r￿ are authwsed for s9Je. Our resp)ngbli￿es and the re¥1)rsbllrt￿ of the board resFect to wny corwi are in the rekvant sectiorts of Othér Inforniauon The board 15 respon$ble for the ottEr inf(Kmaik)n. The ots inTtyThation comwises the informaty￿ tndud•l in the annuol rewrL ofher than the fi￿0a1 statema)ts and our akKh"torf5 Uvem. Ow LyThon on the finanoal statwnents doe5 not cover the other infortnation ard. except to extent okni e%platty siaiej fem do forrn of a5sur0￿￿ conLJyon thewn. In conneth￿ vith our audr( ofthe resporth&ty is io read ts t)thtr infcfinati(m aThY. in d¢ytVJ 4). COn￿der vthetsr the otrEr Infombon ￿ maknalty Irtysstwt ¥+ith finaxial stat￿￿ents or our knovAaJge obtsirtsj in the audit or otherwise appears to be tnateri misstated. If we i(knbfy matenal Ir￿On￿nDe5 ty apparert materia misstatemwts, we are required to det￿rnIne ￿￿ther thue is a Ma￿7￿ mi5Statuwt in finwal Stat￿nents or a materi tni$5tatsmatt of the otlw infom)atiM. If. based an the work Y h3¥e perf(￿￿. W￿ Cty￿ that trre i% a rnaterial rnisstatement of th￿ ots infO￿nation, are requir￿ to rep)rt th* f&t We fove ￿t￿rI4 to rewt in tris rewd. Page-. 9

Independent Audito￿$ Report to the Board of ELEANOR PALMER TRusr We have Mthing to rerort in respect of foMMrvJ m&tsr5 n rdarh)n tfj %4tiich th¥i¢its (Accounts and Rwtsl Regulations 2008 r￿Lllre us to report to yw if, in q)itMOn'. • the informath?n in fin￿081 slat¥ws i% arry ￿781 ith the board ￿ or • sJffloent ￿un)ng hwe Thx beai k or • the fin￿da1 statonents ap rN)t in agreemtht the rwd5: C • we have all the infwmthn eXthwbc￿S ￿ re4utre fr)rw a In addth'on, we have mthiry to rerK)rt in re9￿t maiter vAve Fl. Audltsrfs responsibllttles forthe èudit of the lknand¥ thtements We have ￿ appoirted as auditor urKler sthiA 144 .of the ChariUes Att201tsd seEtion 136 of the Hou&N4and Re9eneration Att 21K)8 and report in accordan￿ %•ith wulatiwts made under sedjcm 154 of the Charitses Att 2011 and 5ecth)n 137 of the Housing Regwion l£t 2(A. Our objecbves are to obtain a55uraN£ ab￿rt whetlr the fwar¥ial S[at&r￿ a5 a the &e free frcffl matenal Mlsstatwll￿￿ whether to fraud w error, arKI to an ajdrws rwtthat n(kJdes wr opkrrith. Reasonaue xsurantr s a high levd of assuran￿, but Is not a guarant& that • aLI(( condLthI in accorda)Tr %ith ISAS IUKI ￿11 a￿ayS deteLt a matsri rnlsstatement wthen It M￿tem￿ts can arise fmm fraA orerrLY C(￿￿dered rnaterial if, indtsidualty or h the aggregate, tlty could reaym3h￿ be expettJ to inlkJwKe the on the 1s)55 finanoal ststements. Irre9ul4rib"es, Ind￿1￿9 fraud, are Ir￿r￿e5 ￿ rth-(Xjrn￿la1￿e lavts aThJ rwLibor& We dwn Pr￿ed￿re5 in line ￿1th our resp)n￿bIlities, wtlned &K)ve, to Oett mar￿ M￿temenlE in respett ( irregulai￿￿ I-dL￿1ng fraud. on our Under￿ding of the Chanty the sectoras a ar¥J t￿￿h disajsw Mth trE Trustees and other Man￿JeM￿t {as rea￿Ted by audth'rKJ standards), we idwtified that pr￿paI risks of Don￿OM[4V￿￿e wth kns and re9￿atiOnS related to trta and safety, anb".bribw. safegu¥ding. daia proteth￿ aTrJ ￿￿Yment I￿. We C{￿51d￿e4 the eXt￿t to whith non-com￿￿?￿¢￿ ght have a matenal effert OD the finar￿al We and regUkts￿￿ that have a dirert inp on the prwradon of the finanoal 5tatemffits gJch a5 Lhe ￿￿)DeS ￿Rp IFRS 1021 SeCr￿d Edit¥Jn Irdeased October 20191. the Co[npMI￿ Att 2(KJ6 ar￿ r￿￿ant rhanty1g)th￿. We commuThcaied and reguL4tth)ns throughrwrt our team an¢ remained lert to any 1rKJicath￿s of non£0m￿L￿r￿ thr￿gh￿ the We evknta Tnjstees, arvj management's ncentives and OppO￿nItieS For fraLKI￿ent m¥Ipulati￿ ofthe atrnts ihe risk ofoverride of contrdsl and determi￿ that the relatd iD FfyitvJ it￿pprOp￿j￿ to iuease rtr4enue or redu￿ e¥pervJiture, man)Jemert bias in accountiro esbrrotes and not ¢lNrectty recognigro r&rictsJ r￿enue ￿ ￿d) or rtst￿ted as thugh it is unrthtted rather than for the wrposes intenthd by dLW. Page.. 10

Independent Auditor's Report to the Board of ELEANOR PALMER TRusr re•ponBlblll¥• for th• •udlt of lh• flnaficial siat•m•NtA {continu•d) Au(ht prLThju￿ performed by the wm ' tXSoJ5￿0n wlth ￿nager￿nt aT¥J a￿￿t d krnwn law5 and wdaticns Ihdkkling health and safety} fraud.. and ' Assessrn￿t of identyfted fraud risk fxitys.. . Challenglng a59JmFkn"ons •nd jLKlgemuts m&le its siOknt acc￿r￿r¥> esrknatss,. aTrJ . Performing anaM￿al procedures to Jentlfy ￿Y unLLwal or rdattonlt 1nd￿J1[vj related party tr￿tiOn4 that rnèy Indote nsks of rnateri¥ m155iatunent to fr￿., . Conflrmavon of rdated parties wrth mantrJerTL and oitranms thr￿ghr￿ the p¥￿d to thitify ￿ou undlscbsed transathms Y41fh rdated parUe5 Outsde the rKwrnJl bu9rtss.' r , ReadlrvJ mhutes of of those th¥gtd wlth gThvrbwKe,' arh . Physkal Ir¢pethon of tsTrglbk assets styllt4e to ttr wegukW.' . A￿•¥ of ￿gnifiC￿t aTrJ Irarsxtyws.. . tesung entrles. in wtries m&Je at the éfvj lor fin￿1 stat•nent preparatyon. Because ol Ihe inherent limrtatk)ns of an Jdil 6 a VI￿ th we nrt det￿t al InckniNJ thtsse ￿Ing to a materfal rrd55tatement In the finJrKial statawts wih regulaljon. This risk IrKrease5 the m(xe that compliance wlih a law or regLlabM is rwThwed fvjm the ￿ents refi&led In tr fina￿1 stat•menty as be kn Ilke to become awa￿ of In#ances of The rfsk Is algj grea￿ rewdirvJ ir￿￿beS mThrvJ due to fra￿j rather than error, as fraud Invdves Inttntyonal forgery, ccknrm. tyThwi or rNytpresentstScffi. AS p•t olan wdll In att0rd•￿e v4th IS4% {UKI bye profes9rywhn￿t aTrl rnlnt•ln ryofes¥(Yo1 rhroughjut ihe a￿lIE, We so: , Identify and assess the r&ks of rnsstst•neni ￿ the finaTh)￿ st&ewis, vthethEr due to ftaud ry errcf. de￿9n ano perf￿ audlt procedures respow&ve to thftse r&s. obt•"n a￿t VNkluKe that is wffi0"￿t apwwriate to prO￿￿e a bals fc¢ our cpinion. The risk of not detecbng a mat•la m￿trnt re&ADThJ frrxn frt￿1 than for we rewltng from ￿, as fraud fflay I￿¥￿Ve ccllulcffl, forgeryi Intenti￿al crfrls¥LYN rniyepres)tat￿ or the override cl Intml cc¥)trd. . Obtain an understaTrJiNJ of Intwnal crffitrd relmdnt to the to ¢Je9w ￿￿edureS ¢￿t a￿ ar4)rothate In the rcum51arte¥ but for the wrp)se ofexprt55NJ an on the of the aSsc￿￿'S Intml c(y)trd. made by the tthrd. . on the •ppr¢Pr￿te￿ess of Ihe bwd's use Olts￿ 90kn9 IL¥Ktrn b•slsof and. based on tho audtt e￿dErte obtslned, whether 3 marertal un(Ertainty ￿sts to Co￿litKH￿s that cost ￿j￿￿nI drAJbt on the as9xL4fjon's ability lo continue as a g(MrvJ c￿Cern. If we C￿thde that a m&ial wcertainty eyJYS, we a￿ wwred to draw attentycfi in our auditorfs report to the rekted dtyknjrts In the finawal Staten￿nts crf, rf SLth thsdDaJres are Inats4Uat¢ to wr orlNon. Our o)ndusians are based ￿ the audt evhlertt obtaK*d up to ￿ date •Jthtoes reprt fiJbJre e￿ts iy Pwe 11

Independent Auditor's Report to the Board of ELEANOR PALMER TRusr Auditorfs r•spoMlbllltS•s fvrthe audit of the finandal sl•tements (¢oTrtlnu•d) ' Evluate the overdl presents￿￿, StruLture •wJ ofthe fin￿0a1 State¢l￿ts. I￿1￿11￿9 the dithures whethex flnanoal stat￿￿t5 repwt the ￿.[￿j •MJ events ￿ a manner I￿t achlw fair presthtakn. We CDmmunicate wth those tharga1 regardty. otk• the pknned s(ope aThY of the audit and ￿￿lfl[￿l audit fiTrJ1r￿S wific• defia￿e$ ￿ irtrnal corkn4 that ￿l￿tify durirvj WaL•J UA• of our r•ptrt This fftpjrt Is made SO￿ tu the a￿at￿n.5 toard. a5 a body, in ac(trdM￿ Part 4 frfth? (Accounts and Rwrtsl RegukryUon$ 2(￿8 seak)n 137 01 the Hw9ryJ a￿1 RegewiL¥I 21))8. Ckn a￿lIt th has been ￿dertaken x> that sye rn￿ttt te to the awoaiion'5 board thrffje matters are required to #ate to them In an a￿1￿$ rewt and fDr no other purpose. To the £enr permitted by W, we do not aw cf a5￿me re￿￿ts￿lty to a)ywe other the assodation and the assoaation's board as a bth, fty our a￿lit Yrt fcf th+s report c* for the cWnthLS ￿ have lo￿¢d, Kr•Jtsn R••v•i LLP Chartered Acthnlants Chatham MarfJmt Date.. 08 August 2023 Pa9e.' 12

ELEANOR PALMER TRusr srATEMENT OF COMPREHEt4SIVE INCOME (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 PJtes 23 2022 Tumov l751,043 568,211 Operntirvj tosis 594.046 fern￿ng 157.597 J2Z42J (De£reaseMlnLY&￿ on vlue ol In%wr {696,678) 294862 Intttest receNable atNI

9,167 84893 Interest ptyth {9357) (9.390) Oonatsl g¢Th)ts and services Totsl ccrfnprehenwe for thev {239,171) 558681J All Income and expeTrJityJre rdths to <tyitMIPity cn thdr beha¥ ty.. 0710812S nd skJnè Mamtets Board Gavg Chid Executive P￿e.. 13

ELEANOR PALMER TRusr srATEMENT OF FINANCIAL posrrioN AS AT 31 MARCH 2023 2023 2022 Tanglbl• Ilxgd a￿ty Freehold hwg"NJ [￿￿1)￿$ other fixed assets Investmenr Property Investments io 6J33,078 61867 615.000 277,872 4￿898 12 13 615.( 8.503,870 15h88Ol7 15856.442 Curr•nt •ss•ts ebtors and prepayft￿ES C35h at bank al￿ In hand 14 306,585 986.172 235126 I.￿3271 L291757 Ik38,397 Curr•nt IlabllSty cr￿ltorS- amowts flY#J ¢)ne y•Jr 15 197.ols N•t currnt 1.095.142 1,028,355 16,583,959 IA884.797 (r•dIt￿- arnounts lallln4 thjo •ft•r Mor• n on• yur 16 95 Totsi n•t•M•ts 12,843,7JS C•pltal and r•Mr eno0￿7￿￿t Fu ojnulated InoTh reseNe Revluat￿ res•ve 18 19 20 7,701,541 4,713,023 190,000 7,475.540 5178,195 190,GOO Totsl r••r II604,564 IZ84J,735 (Rlo¥123 and Y9n•J thér behar ty Nemb￿5 ofthe &)ard f EXC￿.¥ Page.. 14

ELEANOR PALMER TRUST STATEMENT OF CHANGES IN EQUTtY AND RESERVES FOR THE YEAR ENDED 31 MARCH 2023 Endowment Fund Rmluation Fund Income Tgtsl At l April 2021 114¥647 492S,275 190.Th 7.25fy922 5uFplus for the ￿ar 5,333,893 251920 5.586,8L3 At 31 March 202Z 7A75.540 5.17&195 19DO00 14843,735 SurFlus for the 226.col 1465.1721 1239,1711 Transfers beh¥een reserves At 31 Marth 2023 7.701,541 4.713,023 190,¢Y)O 12,604,564 Page.. 15

ELEANOR PALMER TRUST srATEMEpif OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Net cash generated frorn operating a¢t1¥1￿ (see note I lJeb)w) (654,526) 5.523,6 Cashflowfrom invostlng xtlvld Paymwts to acqtsire tswibk ft<ed a%els Purchase of investments Int&re5t and dividen(ts recewed Proce&ts from sale of In¥estrr15 {34.053) {3,595A30} 309.167 3.96B,023 (560,427) (5,283,336) $8,893 216743 Net cash flow frorn investin9 athltles 647,807 (5.538.227) Cash flow frorn finaiKINJ athitles Repayment of low temi k)w Interest payable (4123) {9,257) {1,04JJ (9.390) N•t cash IN)w from flnancinu arti¥tt5es IOJBO 10,430) Net In(rease In cagh and cth equivalents {17.099) {24,949J Cash and cash equhalents at l Aprfl 2022 1.003,271 1.028,220 C•sh and cash •gul¥aknts at 31 Marth 2D23 986.172 J,003.271 Note I 2023 2023 Cash fkw from 0￿ratIng •¢tivitl Net Income for year {239.171) AdJustm•nts for norKash items Depreuati￿ tharge5 IGainlldefi(it on ￿e of investsnents {Gainlldefiot on value of investrnents (Increall￿r￿1se in d&tors IDecreasellirKrease in ueditCA5 Ubli5ation of govemrrknt grant 17S 167,789 (14fj.695) (71,459) (12,546) (60.425} {298.862J 210,486 (Z690} 160.425) Adjustments for Investlny or finanon9 actlvlbes Interest incorne In inve5tyn9 acDwb¢5 Inte￿￿ th In finanong ￿tP￿e {309,167) 9.357 [88.893J 9,390 Net cash g¢norat•d frtsm operatlng athlt* 054.516) 5523 6LW P%¥Je.' 16

ELEANOR PALMER TRUST srATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 Note 2 - Analysig of changes In net debt Oth¥ no 2022 thanges 2023 Long-tw b(mwings ShOrt.t￿Th borro%4ifyJs Toral IHbilities {89,546) (1.123 IW,669} 1.242 188,3041 1,242 189.5461 1,242 11,2421 2,365 Ca&1 & cath equlvaknts A.Crf)3,271 (17,fl991 986,In Total net cash 91 14.734 896 626 PaR'. 17

ELEANOR PALMER TRusr NOTES TO THE FINANCIAL sfATEMEpifs FOR THE YEAR ENDED 31 MARCH 2023 PIUIICZPAL ACCOUIITING POLICIES earK>r Palmer Trusr is inctrrKV￿ In EWand under the kt 2011 and 15 register&J wth the Regulor or Sockil Hougng as a Privats Regt5ter￿j Prowder knl ￿￿Ing as defin￿ HO￿fig aTrJ R￿eneratIon Att 2(K)8. The registered offKe is 106B Barr¢ Hethrd5hire. EN5 4BY. The ffnarual state￿ts have prwared in ¥¢(wdan￿ ¥￿th acc￿nting indudiNJ Finand4 RewrbNJ Startard 102 The FnaThJal Rvwtsng siat¥Jard WKknSe in the UK and Repubfic c( IF￿1021, the statemè￿ of Recommetthd Practi￿ for knal H￿￿ng PIovKJws 2018. thè AorLxJnthJ DireJh)n tr PrivBte Registered Provhjers oa Hou9ng 2020. The finarThl State[n￿ts are akn under the of the Houng and Regeneraticm Att 2008. The finarKia #atemats have iEen 3 wr>g ccKHn ba5 und¥ trE hLstiric￿ c05t cvnventian. m(￿lfied to indude Trrtain at far value. Tr fin￿0￿ staterwts are wepaEd in thich is thÈ fun0i￿al currenLy ofthe oety, and are [<￿d￿j to the rEaEst £1. As a wblic benefit tylty. &anor Palmer TrLLSt has the wblK ￿tity'p8￿ pr￿￿ed partyrapfs of FRSLO2. ggnfficart aC￿Unb.rvj FK4¥ies aprA1 in the w￿arati￿ Oft￿Se finan￿ sktamts are set (MJt These pdiues Tre TrLStees c￿￿ts￿hether the rfg(xry c(Micwn ￿ approtxK)te i.e. whether a￿ any material uncertaintes ￿lated to events or corKlitiors that may cast 9gnifiG￿t dThJbt on the aLw&ty ¢kf tr ijaity to conti1￿ as a g￿r￿j con￿rn. Tre TrL&ees make this a55esThnt in re5pett of a p￿r￿j tsf at year the date ofauttwsatyon frjr isgje of the finanual stml￿￿ and have trwi Ihe Chdity rk)S ￿lI￿are r￿ur￿ te (Mtsnue in ￿stentr for the fore5eeabk future and there are rK) rrTraenai atKYJt the ilwriivs a)Il"ty to C￿￿n￿e as a g(NNJ 0)r￿rn, thu5 thev toniinue to adopi the g￿￿9 C(￿ern basis of acoxM)tiNJ in preparing the finarual Statem￿1> The preparaDon of the finana4 atetnents wuires managwwt to make jtyments, estimates and a55umption5 that al am(MJnts reported for assets and I'abilibes as at the balantr date ttE amrAJnts rekK)rted for r￿ue and expenw during year. Hfftver. the nature ofe5timatK)n FtEans th c#Jtctxnes COLld diff¥ fr(￿ tho tstimate5. The follown9 JUd￿neTrts lap•t frtrn esbftNitesl have had an on amwnts recognised in the finaThial Statem￿1$.. a. Tangiblè fixed •ssets: Apartfrtyn irNMt Wwbes, we deprff4ted ovw their useful lives tsking into accoJnt r￿d￿al Vak￿ whwe aprAwriate. The of ￿￿ets te>J￿1 vakJe5 are assessed annus aThJ may vary depthdiry on a nLvnber of fatt£Y% In rtrae59rvJ asset fthr5 ￿ as techrWlc4 innowatson. pmdLft life cydes and maintrn*Ke pYLpJramffle5 are taken itkn acuJLq)L Rs11￿ vdue ￿e$&nents c￿lder Iws ￿ch as fijture m¥ket rtynaiNr#J I￿ of the kyo]￿red dLW levd. Impairrn￿t ts recwntsed the carryiry of a Lath unit e￿eedS ttE tighw of its net realisatle value ar its valJÈ in ￿e. Page.. 18

ELEANOR PALMER TRusr NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 MARCH 2023 PRINCIPAL ACCOIINTIIIG POUCIES (cwOnue41) Tangible fixedassets Tanglble ffxvj a55ets Je slated at c(tst ss depre[ja￿l. HwfKJ are aDaW into laTrd cosL stNctU￿ cost and c(ryMents cost Dwiati"w ￿ thaged on a stsatyht Ime ba9sffvv the lives of the assets at the aThnL￿ rts.. xture5, fitbrvjs eqipmètt Motcff VehKles Hougng w￿rtieS str Roots &Jilss tther6 BathrLKKtS 2% to 20% Wi￿Ow5 Freehdd l￿d s not (tw"a￿. I prokrtes are rewewed for vnparrfent anrKHIty, aThJ where pr(wb"es have ￿ffered a kvmrnt diminuDon in val￿, the f￿1 in vajue is re£￿J[m￿ after taki￿ ef ary gr Deferred6r•t/Soaalll¢uRg 6rnnt(SIrfGJ here developments have teen finantyj whdly by gjoal IKKLgThJ aTrJ ots ¥Yan4 the wnrxjntofthe grant has bn In￿uded as deferred intome r￿Qgn￿ed In Turnover w the estimed uful life of the aswoated asset nKiure (not lard), W￿2[ a(￿￿5 rr￿￿. SHG for of cost (¢f in the Ststanent of CoXnpoh￿S1ve Income Accowt is indud& as pat ofTl¥r￿r. SHG must be recydJ by tsE Ttust under cfftrin cwditirns, rfa 9)hl, ￿ if ￿other relevant went take5 pl3Tr. In tre5e c65es. the SHG cori be ud projets try trÈ Regulat(Y of Sr¥ial Houyng and Greater Lts)don Authonty. owever, SHG may have to be repaid irC￿ts1n crnJitW5 are ￿t met. If gMt is rw)t wuired To be re£yded ￿ repaid, any unamolos& grant ts reccgnised as T￿n￿. th Cwtan cwcwwantes. SIIG may be [eptyab￿. and. in that evenL is a wbordinated urtseoJred rerhiyaj￿ debL Interest cfj Ilk?￿ fin￿or￿j development is capitaisell up to the (kte Lrf tre comtAeti￿ stt ¥Ent on thLS acbvity. The Tr￿ operates a defird contribubon pen￿￿ the ￿￿)n thjge rqjresvts amrAJnts pèyable by Trust to fvnd In rewt year. TheTr￿t capitalises expetKkbxe ¢rt hrrttyrvJ Jjds to ￿ vaue of d)e woperty or exI￿d5 its usefvl lif6 Improvetrnts to propth ttt felate to a5￿ts Ihat have a lrfe to the propty corKerned, are alg) captaI￿d but a catewry p3rare tKop*ty. P•Je- Lg

ELEANOR PALMER TRUST NOTES TO ThE FINANCIAL sfATEMEMfs FOR THE YEAR ENDED 31 MARCH 2023 PRINCEPAL AccouimNG POUCIES {continued} IfttE Twstees utske any of the fin1 to hrKe oth¥ eV￿rtUre are required to recwp out ofin(yJme, in ￿der to repface irA513n￿ wj. Arrwnts rec(xtped we d￿d0$ed as ￿￿￿Tr￿ts in the eThYo¥Yment rund. The revaluab.on resm reprewits ttE dIffer￿￿e ￿ trangtTh bemw f& of irNestrtnt property and hi5Iorical cast c￿￿9 This reseNe is the fund den%J ffcth Sa￿ ofthe wrwb.ts Kenfjsh Town Estate in l982. Investsnents ao das9fie(l a5 fix&J a5Eets ststed & rnarket wdue. inve5tmpJts t5 credited te the In￿me and Ewenditure At¢ount on a retyvabfe ba9> Mover)Wlts in m•ket c(irwe5tma)ts ￿ rakn to the end0￿Ment fund or the Debtors tre(Itors ￿th rmj staw ￿t￿eSt r&e W rtravable or pay ythA) l¥￿ year are rwded at tran5athon prKe. Any ￿SSeS from Impai￿rent are rwiY in the irthne st￿rr￿t in Ollr wats"TvJ expts Finarki￿ ass5 ftnanoJ babA￿￿ &e rw9JtEd at transati￿ prKe In￿•, in the tase ofa fin￿nal asset or flI￿GaI IkRthIIty nat at f?dr value ¢hrwh profft cl￿ are ￿￿UY attri￿JtaL1e to tre aCquI￿￿r￿ or issue of the final￿al asset or finan0 14itshty. At tt end of each reporbTvJ ￿￿0￿, finawd we meawr8J as frkn￿ wy dedLKbon tra)￿tion costs the entity may inojr ￿ sle or othtr dLspos8. Debt inNments that meet tle Cond￿0￿ in parngr3ph I1.8lbl c¢ FRS 102 are rnÈasured at anK¥tis&g cost usng effecbve intereA meththtt, except ￿ere the arrangament a)nsts￿rte5 a finarong transac￿ In t15 ca%e tr£ dgi)t Insirutnent Is m¥sur&J at went Val￿ ofthe future di￿Un￿l at a mtyket ra￿ of intuest a smuar debt. VA T AII VAT incurred i% irrtto¥er￿ as t￿Tr￿t is fr) reg a5 a(kntyes are Ihe xopE rfVAT. cDsrs Incurr￿ Indude ￿ rdewdnt IrreiwaNe VAT. TaxTfyon The ofthe Trust ao V￿thIn tr spu]¥ eXM)ts￿ forthwitat4e ￿ti￿tieS gven 9)5 ofthe aThJ Corparatioft Taxe5 Att 1988. Page.. 20

ELEANOR PALMER TRU NOTESTOTrIE FINANCIAL￿ATENEr{rs FOR THEYEAR E1411EP JI MAROI 2023 2023 {UU2•) W633 iUiiYS3) J7.Q15 12& (fj549} 154QW (5¢•99} IU*4LSI 127.tsJJ {Jw6?J flffjJ67J J2$920 ZS6F?13 Z¥SRYOJ 21

ELEANOR PALMER TRUST NOTES TO THE FINANCIAL sfATEMEpifs FOR THE YEAR ENDED 31 MARCH 2023 2023 Totsl 2023 2022 2B. TURNOVER FROM LETTINGS MaInt￿a￿tr COntri￿ti￿￿ charyts for i.WO.669 862.032 120,2tBI 1662,701 (20.209) (17,9S4) 60A25 Z356,174 [L,561J 163,210) Le55'. VLyds Le&s." r(M)ms Amorbsatron of grant (17.9541 flJ,4Z5 T￿n0Ver frLxn hL￿$rVJ letbTrJs aTh1 ots ￿￿ted rer 1,782,715 902,248 684.963 Z330,828 76.138 3,834 21,793 58.476 1.573.166 57,103 33.102 124,718 83.676 261,818 99,505 133,241 36.936 146,511 142.IS2 I￿34,984 99.505 131.605 ,489 Routine mainter Cydka mainten Depr￿a￿"(fi 134,166 1.752,217 J19,6rf3 Opttab"NJ C05 on hr¥JsTThJ I&i¥ 1.733,407 659.922 393J29 Z313,7AI Operab"rvJ Surp1￿ ￿ xxial ￿ leibtys 49.3t 242,326 291,634 17,Q75 Social Houskng: AlmshoJse5 Re￿denb.al h(x 78 33 33 Otherletungs Asswed 5horthclY op 115 115 BOARD AND KEY MANaGEMeNT PERSONNEL REMUAtRATION The of the Ch￿￿ £KeoJUv¢ is the rmty mwtsof PW50md. I￿luded abtye was.. 2023 2022 73B92 romtsJrd to the (rf MarwNMt The srheme is a defined COnthb￿￿, rrNyy purola. fwthl the employer arn1 the Pa￿.. 22

ELEANOR PALMER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 INTEREsf RECEIVABLE 2023 2022 Dwldernls retr￿ab￿ listed irNe5bints Othtr inkr&t reTrr¥abl 304,193 4.974 88.205 309,167 IrITERE￿ AND FINAPKING cosrs On loans or repayable ITh Tr¥ye tlwn fi￿YearS 9,257 9,590 EMPLOYEES Salaries ar￿ wages I sec￿lty co#s petww costs 961￿14 77,981 35,460 872.549 67,704 33,985 1,074,955 974,238 The average of indudry of the executive team. ¢bJring the year was as Empbytes 3J The ￿￿rdge rrtjmbw ofant4oyees. iTrththrwJ executive tewn, I￿￿￿aled cffj a ftAI equNaknt basswa5 as 37 30 The chi￿ exetsrtNe sthe cth wroloyee %ith a saary E60.0(X). vthKth is dithsed in 312022.. 1 AUDrroR's REMUNERATION AL¥Jitols ￿m￿￿atiCffl . external wjtht 11.695 9,725 GIiINTS Grants for rdief In 11060 11.860 J7,J21 Paye.. 23

ELEANOR PALMER TRusr NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 DONATED ASSErs 2023 2022 Inc(xne from asts 5,086,027 Dunng year (haity rec￿￿ a prWti¢￿ ofthe net assets hdj ty the Eate Charity of Eleanor Paltner afttr the Trustees ofts Estate twk dert5iCffj to V+ifKJ up the &eartr *cation was ￿Ved In the form of an io. TANGIBLE FIXED ASSETS. PROPERTIES F￿ehOld Pro eld for rtfjes al Houslng Hoy4ng Totsl At beglnning of the y Ad¢lU 6,749h45 1.961,768 27,085 ,71L213 27,OB5 Atendofth•y 6.749A45 1,988,853 8.738,298 Depr¢(iatton At beginr¥ng of ihe year Charge for the yew 190,440 33,265 963,935 117,580 054,375 150.845 At•Wofthewr 1.123,705 lo81￿15 Ilet l>ookvalue At 31 M¥r¢h 2023 5,625,740 907,338 6,533.078 At31 f4ardJ 2022 5,659,L¥J5 997,833 6.656,838 I h(uin9 prop8bes are fredKI Poge.. 24

ELEANOR PALMER TRUST NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 TANGIBLE FIXED ASSEfs- OTHER FsttiD9s Equipment Equlpment and Vthides Total At beg4nnin9 cf ye AdditiLY 327.685 19.566 357,251 Disposè At •nd ol th• ywr 334.653 Depr•cl•tlon At beginNrvJ yeer Charge for the y Dispxa9 246,993 24.n4 19.524 41 276517 24835 At éfid ol the y••r 271,787 29,565 301 52 ¥•t I￿￿ volu• At 31 Marth 2023 At31 2022 8a692 42 80,734 12. INvesrMENT PROPERTY 2023 2022 Atthestsrtofthey G41rf(lossl fTryn In v4 615,lY)O 615,Li70 615,IJOO 6J5,000 The Investm￿t prow was Val￿ oFen rnorket b by The ￿r￿)er￿[p, thaTtertd Sumyors, in 2017. The Trustees obtained valuati￿5 In 2022 to confm fv vauakn rwaned reasmth ar￿ are of the opinioi that th1$ ¥alUaUC￿ tmvnues to refiect mNket v•h 13. FIXED ASSET INVEsfMENTS Ll•t•d S•¢urltl• M•tk•t Valu• At l Njrll 2022 Addibons DISpD￿$ $,S03.870 J,595,330 (3.968.023) 146.69$ Al 31 Marth 2023 .277,872 Page.. 25

ELEANOR PALMER TRusr NOTES TO THE FINANCIAL sfATEMENTS FOR THe YEAR ENDED 31 MARCH 2023 2023 2022 14. DEBTORS 31.3Z6 275.2S• 306.S85 41,283 193,84J 235.126 Is. CREDITORS. Amountsf•llSng du• wsthkn •n• y• Trade tred￿c¢S Hougng loan Tax se¢urty Defeffed &ant Other (￿dthr5 )d acuu 58.032 1,242 20.187 60,425 56.429 197,615 7Z938 1,123 35,807 6Q42S 59,749 210,012 16. CReorniRS- Amounts f•nJng d¥• mor• than on• yur DefwrJ Cbi Grnnt n reptyable alter mort than crt ye•r Iseoxed) 3,891,091 88,304 3,979,395 J.951,526 89,548 ,041,062 17. HOUSING LOAMS The loon feptyible by as fc4h>rt" In on• yw or le arxl ￿ years 1,142 2,M9 10,339 75,077 89,546 1,12J 1614 9J55 77.577 90,669 In flve The >kne b)Jn by a dwge m a nwnber oftht TnL¢s wcvwtyeB is repayabl¥ at è raté ofinterest rf 10.25%. Page." 26

ELEANOR PALMER TRusr NOTES TO THE FINANCIAL sfATEMENts POR THE YEAR ENDED 31 MARCH 2023 2023 2022 18, ENDOWMElff FUND At l A￿1 2022 7B75,540 Z14l647 (26006) 25W7 (13.665) 261,531 5086027 Chawe in value of Inve5trT Suwus for Ihe year At 31 Marth 2023 7,701,541 7,475,540 19. AccuMutATED ITICOME RESERVE At l April 2022 S,17￿195 q.925,275 (l914) (26.409) (435,849) (3,198) 37,331 218,787 Change in vaue of inveth￿ Surplus for the year At 31 March 2023 4,713,023 5,178,J95 20. REVALUATION RESERVE At l Apnl 2022 I90J￿1 190, MoVe(￿t dwng trtit At 31 Mard) 2023 19).o(Ks 190.000 Page.. 27

ELEANOR PALMER TRUST NOTES TO THE FINANCIAL sfATEMEpifs FOR THE YEAR ENDED 31 MARCH 2023 21. OPERATUIG LEASE CI)MMIfiiEIITS The ￿l￿p￿￿t U￿er Mn-c¥ÉdLibb2 ￿erating lea￿ At the of ts year the Trust had annual commitments 2023 2022 Other operatiTrJ kne5 expiriThJ in Less than l year 2-Syear5 6.926 20.202 6.926 27.128 27,128 54,G 22. GRANT AND FINANCIAL AssisfANCS 2023 2022 Af strdrt cé the year ant rece￿￿ in the ye Rdeased to in tr year 4011.941 4,07Z366 {60B25) (60,425) At Ihe yew eThl 3,951,516 4,QlJ,941 Amwnt due to be rdead < l ye Att￿nt due D be ree(J > l ye 60015 3Wlml 0,425 3,95L516 The total accUMda￿ 9ovemmtht wt i%tarte re￿￿j w due * 31 March.. 6￿2.458 6,042,45B 23. RELATeD PARTIES A corporate trustee was a5 TnJ# of PamtrTnst 22 2015. The &earKJr Pdrner Tn￿e ￿mIted, a d)aritatAe company bryith wstration CVJqq0494. was fo￿￿1. A fvll 1st ofTrustees tre TrLth compaw ran be foth)d on the gerer4 inf(xmth pagt There ￿re rk) rdatrA party tsancbors to rep)rt in the year ended 31 M8th 2023 12022.. earKJr palm¥ Tntst to a WlHrr15 stsre dear irKWe I￿7 Ihe Estrte CharSty of Pakner. The Tount receve¢ in trE year to 31 2023 wa5 £Nfl 12022.. £125.920). retrNed any remuneratlon or exppn5es in ther year. In 2022, tt)e Estste CW"ty of &ean￿ wafj ￿ up ar¥J its assets dthbU￿ to its t%w benefiiarie& Beanor Palmer Twst recdved Invesfftnts w(xth £5,ce6,027 ID Te5￿ rrf its Share of the final dsthbubon (see note 9 fc* further ￿f0rr￿0ti(47l. Page.. 28

ELEANOR PALMER TRusr NOTES TO THE FINANCIAL sfATEMEf￿s FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 24. FINANCUL INSTrIIMENTS Flnanclal ￿••ts Fknanclal a•Mts m•awred at falr ¥alu• Investrnents 0,277￿72 Flnanclal assets rn￿5￿r￿ at arn(rtIMd Olgt MaInte￿￿e debtors Other debtus Cash •nd ush t9￿&¢nts 31J26 4L283 986.172 I,￿3,271 Total flnand•l •M•ts 9,295,370 9,54a424 Pl￿nd01 Il•bllll•s Flfiandal 1Sabllll•s ￿¢•￿T¢0 •t ath¢rtl••d ¢o•t Trade creditors Deferred capita grant Housng payable Ac(Tua5 utslStL¥S 58,632 3.951,S16 89,$46 56h29 7Z9J8 4.012.941 gQ669 Totsl fln•nd•l 1S•bllltso 4.156.123 4235,292 PèJe'. 29