REGISTERED CHARrrY NUMBER: 221332 REPORT OF THE TRUSTEES AND FINANCIAL STATEMEpirs FOR THE YEAR ENOED 30 SEPTEMBER 2025 FOR THE CHARrrABLE AND EDUCATIONAL TRUSTOF THE COMPANY OF SCXET4rrxFXC INSTRUMENT MAKERS Lewis Browtlee Ichlchesler) timited Statutory A￿ltorS Appledram Barrs B￿dhan7 Road Chichester Wegt Sussex P020 7EQ THE CHARrrABLE AND EDUCATIONAL TRUST OF THE COMPANY OF SCIENTZFIC INSTRUMENT MAKERS CONTENTS OF THE FINANCIAL STATEMENTS R)R THE YEAR ENDED 30 SEPTEMBER 2025 Report of the Trt45t•es Report of tha Indepe￿Ient Audlt 5 to 7 Statan•rt of Fin•naal ALtiviti 8alanr£ She8t Cash Flow Statement io Notes to th• Cash Flfjw Statement li N¢>t8s to the Flnanclal Statements 12 to 19 D*lled Stat￿ent of Hnan¢ial Artivities 20 to 21 THE CHARrrABLE AND EDUCATIONAL TRUSTOF THE COMPANY OF SCIENTIFIC INSTRUME14T MAKERS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees present ther report with the fin&FKtal 5tat2tn2nts of l.hE Charity for the year ended 30 kpteJnber 2025, The trustees have adopted the pr(wisw)ns of AccO￿￿ng and Reportino by Charities.. Statement of Recommended PractKe awlicable to (hafities rKeparing their accounts in acrordarte with the ￿na￿aL Reporbng 5tstKIard appI￿a￿e in the UK anl Republic of Irdand IFRS 102) (effective l January 2019). A novel feattjre of the year lust gone Is that the Charity has become a landlord. The Charity tr*)k owrwsfip of six flats In 8exhlll, bequeathèj by Past Master Dawd Wallis and hls wife, Edna, In 2023. Charty has a￿0 berEfitted fina￿fa11Y by the Sale of the Walli5' own house, trie Sale of Edna's brother's house, dnd other cash-ba5ed irwestment assets. The Inten￿On of the Charity is to sell properties and invest the proteed5 in its investment funds. The Charity comFnits almost 70%of its charftsble ￿p￿ng to educational aThl tralnlng dlsbursernents - totallhg a￿)r9￿matelY £94,000. The awards made oo to a m￿l￿e of inctr'viduals, groups of people, a￿j oroanisatN)ns. Examples irtlude btrt ale not Ilmiled to: Post-Doctoral BebeAward, Postgraduate Awards, U￿ergrad￿ate Award5, Apprentices (all iThllvidual awards to enha￿e schotarthip In Uvery-ba5ed 8tti¥Atiesl,. CMii5h Award (group of peopk to recognise in the ￿very domaln),. and Prtmary Engineers, Charte5 Dlcken5 Pdmary School, London Nautical School (all cyga￿satk)nS who stjpport education in STE(A)m41a￿ activit￿5). A small yet ifflwrtant ad(tttion L¥) IIEse wdl-establithd awar(ts15 the IPEM E55ay Award which récognBes tndlwdual scholarsl)ip In blo1￿Y andlor medlcine It15 hoped that link IPEM can further flwith for tnutual beneficial impatt. At year end, the Chyrlty had Inveslrnents wlth Canaccord Wealth (forn￿ Athm & Co) and wlth Roth￿l￿[d val￿d at £5,469,833 TIE CFharity Welco￿ Mike Devine as our irwugural ￿arity Secretary. Mke commenced wo¥k woth LB on the 17th 2024. He brlng5 5uJnlflcant rnanagefflent and oryanisafjonal *llls from Ils conunulng voluntary role In the HomLrable Artillery Company. OBJEalVES AND ACTIVITIES Objèttives and alms The TrLtst deeds give provision for the TrLLqtees to pay or apwly the income and caprÉal of the Trust Fund for the benefit of any one or more of the followlng obftthYe5'. (a) The relEI of any nÉre55ttQU5 wrson who is or has been a Uveryman or Freeman of the Cornpanyt (bl The rel￿1 of aw nete5SitOU5 person who is the with)w, orphan or depeThdant of ary deceased LiNEryman or Freeman ol the corn[￿ny1 The e￿￿?￿On of arw necessIto￿ clwld ofa Uvwyrnan ¢x Fr*man Cf d￿eaSed Uveryman or Freeman ol the Company. (dl The ed￿atIon of petsorts tonrected with the Industry of maknro Soentific Instruments generally and In particv&4Y estsb1ishrnart of &holarships te[￿blE for FurtlEr or Higher Ed￿atIOn,. Intermetfiate, Advanced, Higher or Degree level Apwentice5hips, the establishment ol prizes to be awarded for 5c*ntific papers directed Eowards irrpmvements In the de￿n or constr&￿tion of ¥ientific instruments arnl the payment of ftes to led￿er5 I￿ subj*ts connected with the said Industry, (e) The maklng of grants donatlons or subscriptions to ary charitabk organi5at4on having as Its objects the pmmotlon of education and trainirnj in the fpld of 5dence and techTh)l￿Y or lo any f￿d estsblished for educatioThal or other chwitsble pwp)*s in the Qty of London or elsewhere {fj Any 0￿r tharitable purposes. (cl Publi¢ benefit The Ch&ity has corrolied with its dulles in Secti￿ 4 of the Charitie5 ALt 2011 to have due regard to the publlc benefit guldaKe by the Charlty CoMrnL5￿1￿. Grant makSThJ The types of gra)t rrode a￿ deflned In the budget aThJ are monltored ag3inst the budget at Intervds (4t thsti. As indicated above, orants are awarded to indimthals, groups, and organisatton5 Ihat align wlth soentific instnjment making, I￿1r de9gn, imrlementstion twd elaluabon, Tr T￿tee3 ddegate the spend under some b￿get Ilne tterns to ihe Educauon Committee WM, for example Se￿tt the indNldual reciiients of S￿ent awards. In seth.ro the tharity objeLtives, theTYuEtees also give carefLA cOn￿deratIon tts Charty Commi5gon grldarte on publlc benefft. Page I THE CHARITABLE AND EDUCITIONAL TRUSTOF THE COMPANY OF ScIE￿￿FIc INSTRUMENT MAKeKS REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 3D SEPTEM8ER 2025 FINANCIAL REVIEW financial pgsition The Invstment cash draw-down durirKJ the finandal year wa5 £197,320 (2024.. £93,7(x)). The expe￿[t￿re f(x year wès £505,42312024.' £172,589). £94,057 (2024.. £69,025) was d15trIbU￿ by way of awards bursa￿eS. Invwtment policy and objeetiv85 The Trustees have the power to invesi morfes and adopt SLrh meastjres 45 5eern to thern rE￿Ssary In the intttest of the Charity, vrith the objective of obtainirvJ £IOO,DOO arn1 ca ￿tal growth with medlum rtsk Note that this Folicy b undw review cuttently to tske into account expected upllft in investments as a con*querKe ofthe Wallis Bequest. Reserv￿ poll¢y It Is the pollcy of the Charity to malntaln unrestrlcted fund4 wNch the reserves of the Charlty, at a ￿Ve1 that wlll Pro￿(k suFfidenl funds by way ol investment i[￿OMe, to cover support costs a5 well as proviL1e for bursaries aTh1 awards for the folk)wiryJ 12 tnonths It is the wltention of the Charity to balance irKome frotn tts as*ts with experK1itwe in U)e amual ￿COUntIng perid. Unrestrirted funds (free reserves) We￿ £6,669,387 at 30th September 2025 and were maintained at a level to satlsfy ttE requlrements of the Charltys Reswve5 Poly du¢lrpJ the year. sIRUCIuR￿ GOVERNANCE AND MANAGEMEMT Goveming document ThÈ Charity 15 a re9iStÈred th4rty govemed by a TrL& D*d dated 15th September 1959 and Lydated on the followlng datE5'. 8th JU￿ 2003 to redEKe ttrr nuttthr Trustee5 to ￿X,. 27th Ju5y 2Q21 to IrKrea* the number of Trustees to ten. It is registered wlth Charity Cmmi%sion In EnglarKJ aThl Waleg und¥ number 221332. RecFultmentand appoFntment of new trustees The c￿￿nt Ma￿muM nunber ofTnstees is len. Tr Chair may be any ofth2 Current Mstees so elec*d tsy Trustees them5eEves. The Trustees Compr1￿ the fourofflcers olthe Llvery 4)polnted e￿h year supp£emented by up to slxaddtional Tnlstees as indcated below. At the 31)th Septemter 2025, trte fdlowiw Officers of the knvery were actsng as Trtstees.. Livery Offi¢*rs Aubrey Dunford JStn Webster Jane Fithwick Stephen O'Conrw)r Posit5on Dats appolnted as Trvsts* tkputy Master 23 October 2014 Master 27 March 2023 5enk)r Warden l May 2024 Junlor Warden 16 D￿ernber 2024 The Officets reyre a5 Trustees at the erKI ol tha"r year as Deputy Master. They may be iFJVited to trE a TrLStee again in later years. Al the 30th SeptefflLEr 2025, there weJE four otherTrLLStees: PM ckr15t0p￿r John Sawyer ApOnted 22 October 2013 PM Ronald Summer5 (Chalrmanl Appointed 22 October 2015 Liveryman John Ap6Kinted 10 lanuary 2022 Liveryman James Pq)per Ap￿nted 10 January 2022 Additional Trustees are appdntsd for a per￿ of three years and they may seek re-appointment at the of each three. year temi, for a maxlmurn perbd ol three temis. S￿leCt to a revlew by Trust&s thetr6efve Ex OfficFo attendees at each meeung of the Tnjstees a￿ the aerk, C￿rity Secsetsry, Ill* Hon. T￿aSUrer, and the Hork gY￿1t¢￿. sIn￿ the year end 30th September 2025, PM Ronald SLJmmers and PM Aubrey Dunford have re￿gn￿ as Trn5t￿. PM Charfes Holroyd and Simon Flower were appolntèj as Trtstees C￿ the 6 october 2025. PM Charfrf Holroyd was also e￿Ct￿ Chair of the Trustee& Page 2 ThE CHARrrABLE AND EDIJC4TIONAL TRUST OF THE COMPANY OF SCIENnFXC INSTrUMENT MAKERS REPORT OF THE TrUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 SIRUCIURE, GOVERNANCE AND MANAGEMENT Or9anisational stN Limited StatLts)ry Athltors Appledram Barrs, rdham Road ChictEster P020 7EQ bankers Bardays Leicoster LE87 2BB Invèstmont managers Canaccord Wealth 9th Hoor, 88 W(KJd Street London EC2V 7QR Rothschlld & Co Weatth Management New Court St s￿l￿n,5 Lane London EC4N 8AL Paoe 3 THE CFIARThABLE AND EDUC4TIONAL TRVSTOF THE COMPANY OF SCIENTIFIC XNSTrUMEKr MAKERS REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 TRUSTEES, RESPONSIBILITY STATEMEP The trustees are re4)on51ble for preparlFVJ the RepK)rt of t1￿ Tru5tee5 and the flnarKial ststetnents in ￿rd￿rKe wlth applicable law and United KThJd)m Accountlrvj Stsndards Iunlted Kin￿1¢1￿ Generalty Accept￿1 Accounting Practice). Charity law roquirts the trustees to wepare finarrial statements for each fi￿ntIal year. UrKJer that law, the trustees have ek(ted to prepare the finarKlal ststements in acuydance wSth United Klngdom f*wally AcTrpted Accou￿r￿J Practl (Unltaj ￿￿j￿rn Accvunting Stsndwds and a￿lcable law). Under charity 14W the trustees ffi￿t not approve the fininci61 statements unles5 tkEy are sat(5fied that they give a true aThl fair view of the state of affairs of the charlty and of the Incomlng resD[Y￿S and 24Jpllcatlon of le9)w￿, lrtludino the incorne and expenditure, ol the charlty for ttst perlod. In prep￿1[￿j tlw financial 5tatefflents, tn&ees are requred to lect suf(able accountiro pollc¢es a￿1 then apply thern ¢￿￿lstentIy. observt the metI￿dS pr4Nclp1es in the CharitiÈ¥ SORP,. make IL￿ements and estimates ihat are reasonable and wudont; prepare the financial staterr£nb goirYJ cotKern basis unles5 11 15 Impproprlaie to presu￿￿ that chority wlll continue In busine5S. trustees are re9llonsi￿e frJr keeping proper accounUrMJ ￿CordS whkh disdose with rea9)nable at ary lJrne the financlal p￿1110￿ of the charfty arxl to enable them to erysure that the financlal statemert5 comply wlth the CharftR$ Att 2011 arKI The Charty (Accounts and Rewrls) Reg￿atIonS 2WS. They are a159 ¥e5EK>n4ble ft)r safrguarllwig the 45*ts of charity and hen￿ for taknng Teag)nabte steps fr)r the preveiitbn and ￿e￿t￿n of fraud and Oth￿ irregularities. Appr[r￿ by (rter of the iK>ard ol trustees on.........,............,.,...,.....,.......... arKi ￿gned on its be￿lf lry.. Trustee Page 4 REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF THE CHARrrAHLE AND EDUCATIONAL TrU5TOF THE COMPANY OF SCIENTIFIC INSTRUMENT MAKERS Opinion We hève audlled the finanaal stdleFnerts of Tre Charitable and EdLraknonal Trust of tre Company of Sclentlfic Instrument Maker5 {the 'thariV) for year ended 30 Septemiw 2025 wlich comprise the StaleEnent of ￿na￿al Athvltles, the BalarLe Shee¢ the Cash Row Statement mtes to financial statemerts, i￿1￿1n9 a 5UtntThsry of 5igrwflcarTrt CCOLJnting ptAities. fft finarrial ￿portIng framework Ihat has been applied in their prq)ardtl￿ 15 Op￿ICable law at Unlted AccounJrvJ Standards (United Kingdom Ga)erally Accept&1 Accountiro Practke). In our oplnlon ￿ Anancial statements.. give a trup. and fair view of the state of the charity5 affairs as at 30 Septemt* 2025 aThJ ol ts Inconmng re￿￿￿S aTrJ applicatioii of resources, for the year then ended,. have been propedy prepared in accordance wlth Unlted Ki￿d0M Generally AC￿pted +luounti￿ Pradce; a have been prepared In accoKdanTr Mth the requirements of the CtRrities Act 2011, asis for aplnion We coniknLted our audlt in affwdance wth International Standards on Auditiro (UK) IISAS (UK)) and ap￿table Iww, OL resporribilrtles under IIM)se Standards a￿ furtlkr de￿rited In the Auditors, respo[￿IbilItieS tr tth of the financidl statem￿t5 serti(yn of our report. We are independent of charity in accordarKe wlth eb*al requirements that are relevant to our a￿lit of the finartlal statements in thè including the FRCS Ethical Stsndard, and we have fulfill&l our othw ethlcal responsibilities in accordafKe with ttE5e reqLNretnents, We bdieve thatthe wdlt eviderKe we have obtained Is sufficknt and approprFate to provide a baas for our oplnion. Conclusions relating to goiTrJ ¢0￿M In auditing U)e financial statementy we have co[KIL￿d Itsst tr* truste￿, use of ttre ￿1r￿j ba￿S of acco￿￿￿ In the preparation of the financsal statements 15 appropriate, Bèsed an the woA( we havo perl(xmd, we ￿Ve not Iderliflad arty material uncertaindes velatlrvj to events cr condiljor that, Indhddually 0¢ colle£ttvely, may signifftant doubt ￿ the charity's ablllty to contfftue a5 a g￿ng CQfKern a period of at least twelvÈ rnont￿ from when the financi81 statements are autMrised for Our re5FuwbfliUe5 a￿1 re5p0r£lbilrtF￿ of Ihe trL6tees with respect to golng corKem are de￿rI1)ed kn the rdevénk sec￿OrS of thls reForL Other infomiation The trustees are re5pon*ble ftr the other Inftrmation, The other information comprises the infomiation ￿)d￿ded In the Annual Report, other than the finaTKial statements a￿1 our Report of the Independent Auditor5 Iherry)n. Our opinlon on the flnancial statsrnents dcEs mt cover the other 5nfmatiiM arnl, except to thé Èxtent ottpnvtst expllclty stated In our rewt, we do rx)t express any form ol a5wrance corKlu4on thera)n. In connecbon with ow audit of the fi￿a￿la1 strdtema)W our ￿s￿n￿blI>ty is to ffad the otlEr informabon and, in doi so, consider wlEther t￿ other Infortnation È materially incor￿Stent Mth the fina￿la1 ststements or our kmwledge obtalned in the audit or otherwise ap￿ar5 to be rnaterially tni55tatEd. If we [de￿fy such materEal imngsten[￿eS or appt¥enE material mlsstatements, we are requlred to determine whether this oives rise to a materfal mlsstatement in th@ financial statemenL% themsdves. Il, based on the work we have performed, we CortI￿le th3t there is a matedal mlsstatement of tNs ot￿r Informauon, we are rg4uired to report that fact. We have notNro to report #i this regard. Matteks M wl¥eh w¢ are rowir0d to r¢wrt by excoptiOD We have mthing to repi¥t in ￿pert ol the fdlowng fflaLter5 where the Charities (ACCO￿ts and ReFM>rts) Regulats'ons 2008 Tequireg Lts io re￿rt to you if, in our OFiThOn'. the informatlon glven In ReF*Xt of the Trustees 55 IrKon￿51ent In any material respett wlth the flnarrlal statements. 9Jfficlent accounting r¢tords have not been kept,. or the financial statements are Mt in aoreement wlth the a¢couftttng retorts ret￿r￿,. or we Iwve mt woved all the inforMat￿n and explanatio￿ we ￿qui￿ fv)r a￿lit. Page 5 REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF THE CHARITABLE AND EDUCATIONAL TRUSTOF ThE COMPANY OF SCIENTIFIC XNSTrUMEMr MAKERS RosponsÈbrfities of tTU5tee5 As explained mrtt fully in the Trustee5' Re9)0￿$t￿li￿e$ St6teFnenl, the trustees are for the prepwatlon of th financial statements vthch ￿ve a tr￿ fair ￿ew, and for such intemal CDntrol as the tr￿sleeS dthmlrE is r￿￿sSary to enabk the prepara￿on of fi￿ar￿la[ statements that are free frotn materlal nlsstakment, whether due to fraud or error. In preparing flnanciol statements, the trustees are re5porrible for asseS5iTYJ the charfvs at411ty to cont1[￿e as a gdno concern, dlthlThJ, asappllCa￿e, mallws related to goino cnncern and U￿ng the goirrfj concwn ba￿S Ofatt￿ntIng ￿n￿$S the trustees ￿ther intend to liquidate the charity or to cease Opera￿On5, or have no realistic altema￿ve tsjt to do so. Ow respo￿lbIlItieS for audit of thè ff nancTral statsments We have been appornted as a￿ltorS ￿der Section 144 of the Cha￿￿eS Act 2011 and rep￿1 in accorda￿¢ with Act rel￿ant regldatK1￿ made or haviro effect tlpreimder. Our objecltwes are toobtsin reasonable agsurance ab)ut W￿ther tTr* flnancial staten)ents as6 whole are free from materkl mlsstatement, wlEther due to fraud rr error, and to I￿Ue a Report of the ￿￿ependent A￿ltorS that Includes opinion. Reasonabk &SUran￿ is a level of a55urantÈ, but is Th)t a guarantee th3t an a￿r[ cO￿lthd in accordance wittt IS4s (u￿ wll always detect a tnaterla tnls5tatem&rt when it ex￿t& Mk55tatements can arise from fra￿ or wror and are consydered material if, individually or in the a99￿gate, they cO￿d reasorlabty be to Irfuen￿ ecoFK•n decsK)ts of user5 tèken on the bass of tI￿e fi￿and￿ statements. The extent lo which our ptwedure$ ae cawbk of detectino irregula￿tIeS, I￿1￿[￿g fraud is detailed bdow.. IrregLlalties, IrKludlThJ fraLKI, are In5tarKe5 of r¥)N-co￿pl1￿nce with kws arKY regukoorts. We deagn prCK&lUr￿ iri Iliie with our respon5ibllitle5, Outlined above, detect material m￿stateMents In r￿pect of irregularities, i￿ruding fraud. The extent to wh￿h pr￿edureS are capa￿e of delectlng1rregularlties, indud1￿ fraud15 detaild bdow.. r apwoach to ldenUfyl￿ asTeglro thé risks of matsrial m15ststement In respect of Irreg￿alIt￿e$, irxludkng frau and ￿￿-Cor￿P11ance with laws and re9￿at￿n$ as follows,, - the eruagement patner en￿red U)at the eruagement team CdIet￿VelY had the approtNiate ¢ompetenc< capabiltles 8T￿ sknlls to Identify or recogn15e non-compliarKe wilh applicable laws ar￿ regLl6lions,' - we Identlfied lawsand regulatrons applicable to thE charity thr(wh LIIsCiJ5￿orS With directors and othw marogement, from our commerrial knowledge arn1 eXperfe￿e of the sect￿. we focu￿ on spedfic laws aThl regulations which we CO￿ldere¢1 may have a direct tnaterial effect on the fina[￿￿1 statements ot operatkjns of the C￿rfty. we asstssed the extent of £omplEantè with the laws and regulat￿nS [den￿fied atove through rnakiThJ erNuirie5 of management ttnd inspÉcbrNJ legal corresponderte, where applICa￿e. and klentlfEd laws reg￿atl0r￿ were CDmtnunicated wltkwn the audit ieam regularly and ttrE team remalned alert to instances of rK>n-compli8rKe ihrouahout the autht. We assessed the SLsceptblllty of the charity'5 firiaFKial Statements to tnateri41 rnis5tatemEnL and￿￿ng Obtair￿ng an urnlerstanding of how fraud I￿￿ht occur, by.. maknng ewuirfes of managemert as to Whe￿ ttw con&dered there was sU5￿ptibl1Ify to fraud, tlvr knowledge of aciual, suspected aThJ alleged fraud,. - the Inttrna controls in pl&e (o fflittgate rfsks of ftaL¥I JrHI rononse to the ri* of irregulorities arKI ntsn-cotn ￿lartce wlth Liws atxl regulations, we de&gned Pr￿edureS which included, but were not limited to.. ajreeiro finarfial statement dlxlosures to undwly5ng 5UPPOrting Ibcumertation,. enquirfng of management as to actual and potential litigatson and daims; and - revlewlThJ Mrresp(XK1er￿e with HMRC, relevant regulat¢f5 and d￿rity'S 5egal wl*re appllcable, Page 6 REPORT OF ThE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE CHARXTABLE AND EDUCATIONAL TRUSTOF THE COMPANY OF SCIENTIFIC INSTRUMENT MAKERS Becaw ol inher&* Ilmitations of an audit, there is a r&k that we wlll not detect ￿1 irregularitie5, indu(ling ttN)se leailing to a maÈerial mi5Statetnent ￿ the financial slatements or rth-compliance wlth regul8tiofL Ths riqk i¥vÈases the nv)re that corrH)liance with a law or regulatK)n is rerN>ved from Ihe events transacliorE reftected In the finarrial statements, as we will be les% like￿ to become aware of fir￿tanCeS of rrf)nwn at most recent Val￿tion. Any aggregate Surp1￿ or deficK arisino from char¥Jes In kir value is ￿togniSed in the ststern￿t of Fln3ncial ActivkI￿. Taxatl¢)n 7t￿ chaiity i5 exempt ftyjm tax its chariiable attwit*& Fund accwntlng un¥￿t￿t￿ fvtK15 can be used in acc￿dan￿ with the charitsble objectives at the of the trustees. Restricted funds can orly be US￿ for particular restrided purp(w wIt￿n the objects of the ch¥ity. Restricbot arise when spedf*d by the dO￿r or fund5 are ralsÈd for partIa￿ar restricted purpos FLrther explanatlon of the nature and purpose of e￿h fund Is Incluled in the r￿te$ to the fi￿r￿JaI slatements. Pon$lon ￿$t5 and other post-r•tlrem*nt ben•flts The ch)tlty operates a defined Contri1￿170￿ pension Contributrons payabk to the charity's penaon herne are charged ts) the Ststement of FinarKTral Actswties in the wlod to whlch they relate. Financial instwments The charity On￿ h45 finarrial asseis and fi￿nCIal lIa￿li￿eS of a kirKI that qualify as basc firKnclal Instruffients. Basic finar￿la1 I￿trUments are initially recoglllsed at transaclion Val￿ and sub5equentty measured at therr setuemert value. Page 12 Continued... ThE C•IARrrA8LE AND EI)UCAYIONAL TRLIST OF THE COMPANY OF SCIENTIFIC INSTRUMENT MAKERS NOTES TO ThE FINANCIAL STATEMENTS- continued FOR ThE YEAR ENDED 30 SEPTEMBER 2025 DONATIONS AND LEGACIES 2025 2024 Donatiors and glfts Gift ald Legacles 11,499 11,846 6,487 3 2TI 483 3 295 816 INVESTMENT INCOME 2025 2024 DivId￿$ and interest 119 756 116 132 RAISING FUNDS Inv¥tment manayem¢nt Costs 2025 2024 Portfo1b rnawement CHARrfABLE AcnvmES cosrs Dirert Support Costs (see ¢0sts (see note 6} I￿te 7) Trt4Fs Othu donalicK15 and beq￿St5 473 974 Page 13 contlnued... THE CHARrrABLE AND EDUCATIONAL TRusfoF THE COMPANY OF SCIENIIFIC INSTRUMETrrr MAKERS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 3Q SEPTEMBER 2025 DIREcr cosrs OF CHARrrABLE ACTWMES 2025 2024 Loss on dlsposal of pr(v￿*S Provls#)n for unreallsed ￿55 on I￿acY prcyerUe5 Property exper Legal f&5 ndries Sch)larships As51Stance to Liverymen DirNng sdv)lars Ger￿ra1 and church grants Beloe Fdlowthip Dlring suba¢Jy Primary erVJIr￿*S srEMpoirt event other everts Depredath)n 23,933 216,700 11,909 250 64,D25 89,057 602 125 1,320 42 1,200 5,000 28 14,405 8,813 13,745 i0,O(M) 10,553 SUPPORT COSTS Governart M4nJg¢n7¢nt Totsls Other donatrons and ts￿l￿ts pport cosls, It￿uded In abovq are as folk)ws.' 2025 Other donati4Jns and bequests 2024 Total a¢ti¥lties Wages securlty Pe￿19n5 offi￿ costs Travel and accommodauon Apprent￿e t￿rdInatOr fees A[￿ltorS, remunwat¢on Auditors, remunefation for Tr)n.audlt work 39,000 4613 52,042 274 ¥227 816 147 591 TRUSTEES, REMUNERATION AND BENEFtrs There were m trustee5' remuneration or other benetlts for the year ended 30 Septetnbff 2025 ￿r for year ended 30 September 2024. Trustees, exper¥es There were no tr￿e5, e¥pew paid for the year e￿ed 30 September 202S year ended 3D Septettkner 2024. Paoe 14 cortinued... THE CHARITABLE AND EDUCATIONAL TRusf OF THE COMPANY OF SCIENTIFXC INSTRUMENT MAKERS NOTES TO THE FINANCIAL STATEMENTS- contIn￿l FOR THE YEAR ENDED 30 SEPTEMBER 2025 STAFF COSTS 2025 2Q24 Wages and salaries Soaal $￿E￿Ity costs oth¥ penson costs 39,OlXI 4613 983 52,(42 274 The average montNy number of ernployees duriThJ the year was as foll¢)ws'. 2DZ5 2024 No employees r￿e1Ved emluments In exw of £60,000. io. TANGEBLE FUED ASSErs Flxtwe9 and fittings Compthr equlpment Totals COST At l (ktcber 2024 Addltions 407 912 912 At 30 Septert)& 2025 407 912 DEPRECIATION At i Ortrt*Èr 2024 ctkrye for year I407 304 304 At 30 S2Ptemb¥ 2025 711 NEf BOOKVALUE At 30 September 2025 608 At 30 septemb￿ 2024 ii. FIXED Ass￿ INVESTMETr¥rs Ca$h and Listed settlements irhvestments pendÉng Totals MARKET VALUE At l Oct(i)er 2024 Additlons DIsp0591s Revaluatior 3,761922 149,152 3,911074 I146,486 l566,490 4,Yll976 (747,101) (2,630,637) (3,377,738) 22 22 At 30 SeptetvÈber 2025 MET aOOK VALUE At 30 Septen*eY 2025 At 30 Sèptember 2024 3 762 922 39￿074 Page 15 continued... THE CHARrrABLE AND EDUCATIONAL TRUST OF THE COMPANY OF SCIEPMFIC XNSTRUMENr MAKERS NOTES TO THE FINANCIAL STATEMENfs- contlnL*d FOR YHE YEAR ENDED 30 SEPTEMBER 2025 ii. FIXED Ass￿ INVSTMEf415- continued Investment assets outs•ge the UK at 30 *ptember 2025 totalled £1,528,084. The h15torlcal cost of irNe5tments IEld as at 30th September 2025 £4,414,381 {2024.. £2,693,193). Investments that are materfal to the investment, portfolio are detalled as fdlows.. 2025 2024 Rothschld & Co WM SICAV-SIF-NewCwt Furd GBP )P ￿)rgan F(¢ ro(Èr Qobal Equity incorne Fi￿laY Park Funds Mercantsle Investmert PIC Nax&is Investment Funds VangL&ard Funds 1,773,609 211,431 175,350 173,819 154445 146,912 197,772 164,100 170,802 153,720 208,537 C05t or valuatlcm at 30 ￿pternber 2025 15 represented by.. Cash and Usted settlements Investments pending Totals Valua￿On 5 384 828 13. DEBYORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Othtr t*bto Prepayments aTrJ I￿0￿ 1,289,049 2,750,QOO 1 300 705 2 762 258 14. CREDTfoRS: Amouwfs FALUNG DUE wrrHIN ONE YEAR 2025 2024 Trade crethtors Taxatlon soclal security Other credIt￿S 14811 1,522 P4]gÈ 16 contlnu@d... THE CHARITABLE AND EDUCATIONAL TRUST OF THE COMPANY OF SCXETrifJFIC JNSTRUMENT MAKERS NOTES TO THE FINANCXAL STATEMENTS- Contin￿d FOR THE YEAR ENDED 30 SEPTEMBER 2025 15, MOVEMENT IN FUNDS Net movement In furKls At 3019125 At 1110124 Unrestricted l￿dS Generd fu 778,609 (W9,222) 6,669,387 Restrlctad furKIs Cohen fund 63032 TOTAL FUNDS I LL374) 6 740 067 Net n￿ement Iii funds, Induded In the a￿Ve are as foll()vts'. Incomlng resources Resourtes expended Galns and losseg M4)vement in fundg Unrqstricted funds Genera fu 154,086 {505,20B) 24¥900 (109,222) Rosb'lcted furKI$ coh￿ knd 2,192 (215) 4871 TOTAL FUNDS 505 423 Comparatlves for rnoven￿nt in fun< Net movem•nt n fl￿d$ At 3019124 At 1110123 Unr&stricted funds Genera fu 3,191,397 3,587,212 6,778,61YJ R¢stsicted funds Cohw fvnd 60,533 3,299 63,832 TOTAL FIJNDS 3 251930 3 590 511 6 842 441 Paoe 17 continued... THE CHARrrABLE AND EDUCATIONAL IRUST OF THE COMPANY OP SCIENTIFIC INSTRUMENT MAKERS NOTES TO THE FINANCW STATEMENTS- contlnued FOR THE YEAR ENDED 30 SEPTEMBER 2025 15. MOVEMENT IN FUNDS- eortinu Comparative net movement In fu￿$S, Included in the al)ove are ds follows: omirvJ Resourrys éxp•nded Gains and Movement in f￿d$ Unr¢6trI¢￿d f￿d$ General fund 3,434,434 1170,214) 322,992 3,587212 Restricted fund5 Co￿￿ fund 2,525 12,375) 3,149 3,299 TOTAL FUND5 3 436 959 172 589 326 141 3590 511 A curent year 12 ￿nthS a￿$ prior ypar 12 rnorth cotnblned position Is as follows., Net movement in funds At 3019125 At 1110123 Unrestrf¢ttd l￿d5 General fuThl 3,191,397 3,477,990 6,669,387 R&stricted fund5 Cohen fund 60,533 10,147 70,680 TOTAL FUNDS 3 251930 3 488 137 6 740 067 A cu￿ent year 12 rnonthg and prfor year 12 months comtined net movement In fu￿$, i￿￿ude￿ in the above are ès folkn¥s.' Incomino resour¢4$ Resources expend G¥Ains and losses Movement in fu￿$ Vrrntrlcted funds General fv 3,588,520 (675,422) 564,892 3,477,9 Rostrlcted funds Cohen fund 4,717 12,5901 8,020 10,147 TOTAL RJNDS 3 593 237 678 012 572912 The Cbhen Fur&1 represents fvrn15 donated by Sir Ivor Cohen to the prow5W)n of two gholarshi by ttre Charity. Paoe 18 conti[￿d... THE CHARThABLE AND EDUCATIONAL TRUSTOF THE COMPANY OF SCIENTIFIC INSTRUMENT MAKERS NOTES TO THE FINANCLAL sfATEMEpifs- continuBd FOR THE YFAR ENDED 30 SEPTEMBER 2025 16. RELATED PARTY DISCLOSURES The TrLL$i￿ have identlfied the followirw related paTties which are undw common contrd., - The Worshipful Cotry>any 9f S(ientific Instrument Makers (the LNery) anj, - Scientific Instrument Nakers Hall knnkted (the Company). At 30 Séptember 2025 the Charity owed £2,444 to the Livery. {2024'. owed £60,149). Durlng the year, seven trustees donated a total of £715 to C￿rity to further its charltable purposes (2024.. slx trustees £5351. Page 19 THE CHARrrABLE AND EDUCATIONAL 7RUST OF THE COMPANY OF SCIEt4TIFIC INSTRUMENT MAKERS DETAILED STATEMENT OF FINANCIAL ACTivIfiES FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 INCOME AND ENDOWMENrs Danatlom and Itgaoes tbnations and gif Gift ald Legaaes 1¥499 11,846 6,487 3 277 483 3,295,816 Investment Income Divldencfs and Inter 119 576 116 132 Totsl Inc￿1ng resour 156,278 3,411,948 EXPENDrnIRE rnvestment markig*nent 4>)st$ PtsrtfoI￿ management 31,449 18,596 CharÈtable acti¥itie5 Loss (Ki d￿￿saI of woperiles Pro￿$10￿) for unrealised105s legacy propertles Prop￿tY expenses Legal fees Sumrles Sch)laishlps A￿L$lan￿ to L(Nerymen Dining General a￿1 church grants B4oe Felk)wshlp Dinirtg 5ub5idy Primary eThJir*eN8 5fEMpoint event Other events CompuÈr eqLppment 23,933 216,7DO 7,683 1¥909 250 64,025 89,057 1fj02 125 ¥320 42 1,200 5,000 28 14,405 8,813 13,745 io,(Th) 3,233 40*744 84,950 Support cc6ts Management Wages &)cial secLrf(y Pensons Office c0515 Travel a¢Mt ￿comm¢￿1akn0n Apprentlce c(xxdinator fees 39,000 4613 S2,042 274 2,227 1816 147 47,559 61,543 Thls page (k)es not ftsnm part of statutory ftnancial statements Page 20 THE CHARITABLE AND EDUCATIONAL TRusfoF TFIE COMPANY OF SCIENTIFIC INSIRUMENT MAKERS DETAILED STATEMENT OF FINANCIAL AcrI¥￿IEs FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 f>)vemarKe costs Auditors. rernLnvatK)n Auditi)rs' ￿m￿tratFon fr* non.audlt work 4080 3,900 Total re￿)￿r£¥ exp￿ed 172 589 N•t (axp4ndituM)Ilncom* beforn galn$ and losseg (349,145) 3,239,359 Real￿ed recounised gains and losses RealFsed galr61(Iosses) on flxed asset investments Net (•xpenditure)lincom 3 285 753 Thls page does rK)t fonm part of the statutory flnanclal statements Page 21