Independent Examiner's Report on the Aecounts Report to the t￿￿teel/meMberS of Henry, Duke of Cleveland Charity Registered Charity Number 221407 On 4¢¢ounts for tbe year ended 31.12.25 Respective responsibilities of As the charity's trustces you arc rcspotLsible for the pr¢paration of the trustees 2nd examiner accounts. you consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to stat4 on th¢ basis of pro¢¢dur¢s specified in the General Directions given by the Charity Commissioners under wtion 145(5Xb) of the ACL whether particular mattcr5 have come to my attention. Basls of llldependent t￿MIller.$ My examination was caTried out in accordance with the General Directions report given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any uDusual items or disclosures in the accounts. and seeking explanations from you &s t￿￿teeS concerning any such matters. The procedures undertaken do not provide all the eviden¢e that would be requir¢d in an audiL and onsequently I do not express an audit opinion on the view given by the accounts. Independent exgmiller'8 statement tn connection with my examinatio￿ DO matter has come to my attention. (l} which gives me reasonable cause to believe that in any material respect the requirements to keep accounling rKords in accordance with section 130 of the A￿ and to prepare accounts which a￿ord with the a¢wunting records and to comply with the accountin8 requir¢m¢nts of the Act have not been met. or (2) to which. in my Opinio￿ attention should be drawn in order to enabl¢ a proper unde ing of th¢ acwunts to be reached. Signed Dale Name Jrf JJ f*Prf￿ &JJ> (S. rtf Relevant professional qualification Member of the Institut¢ of Chartered Accounts in England & Wales or body (if any) Addre&s Addison & Co, 91 Galgate. Barnard Castl¢. Co Dutham Henry, Duke of Cleveland Charity Re￿St•vd chartty No. 221407 Annual W for the year ending 31st December 2025 The Trustees present their report for the year ending 31st De￿rnber 2025. The Trustees of the Henry, Duke of Cleveland Charity during 2025 (and appointing bodies where appropriate) y￿re. Lord Barnard (Chairperson) Mr D. Peake Revd Canon Eileen Harrop Raby Estates. Ex-officio Trustee. Raby Estates. Ex-officio Trustee. Church of St Mary the Virgin, Staindrop, County Durham. Ex-officio Trustee. Co-OPtÉve Trustee. Five year temi. C(FOPtsve Trustee. Five year temi. Mr J. B. Poole Mr E. R. Chid(en The object of the Charity is to provide housing for de*rving persons of good character aged 60 years or older who are not in full-time employment and have a connection to Staindrop through residency. employment or family. The charity owns 12 terraced properties in Staindrop. The administration of the Charity is carried out by the Clerk to the Trustees who is self*mployed and re￿IVeS an annual remuneration. Under the founding Charity Commisston Scheme (governing document) the Trustees have established a Cyclical maintenan￿ Fund for the purpose of providing for items of ordinary maintenance and repair of the almshouses as may occur at infrequent but regular inteNals. This fund amounted to £83,019.37 on 31" December 2025. The Trustees have also established an Extraordinary Repair Fund to proV￿e for future major expenditure such as extraordinary maintenance. improvements and for the rebuilding of the almshouses. This fund amounted to £403,812.92 on 31" Decernber 2025. These funds are invested in income and accumulation shares with the M&G CharÉty Mutti Asset Fund and with the CCLA COIF Charities Deposrt Fund. In 2024 the Trustees established an Unrestricted ReseNe Fund and policy to ensure that there are sufficient funds in reserve readity available or investments convertible into cash to cover day to day expenditure, especially in the event that there is a reduction in Weekly maintenan￿ Contribution income following the departure of residents pending new residents being appointed or because of arrears. The fund amounts to £4,121.96 at this time deposited with the CCLA COIF Charities Deposit Fund. The Charity has a general incomelexpenditure (Communty Account) with Barclays Bank at 31 High Row. Darlington DL3 7QS. The Charities Independent Examiners are Addison and Co. 91 Galgate. Barnard Castle, Coun Durham, DL12 8ES. dith Mashiter, Clerk to the Trustees. e behalf of the Trustees June 2026 On 116 HENRY, DUKE OF CLEVEL4ND BALANtr SHEET YEAR TO 31 DECEMBER 2025 Unrstrictal Unre5rrictal Resthctaj Fund Fund Fund Ftsnd Extraordinary Total 2025 Total 2024 Cydi FIXEDA5S￿5 Lend & buildings Investments Total fixed assets 11.402_34 5.J07.76 16.51CS.10 11.402.34 11,402.34 454,993.28 431,260.61 466.395.62 442.662.95 49,493.65 400,391.87 49.493.65 400.391.87 0.00 CURRENT ASSErs Debtor5/prePa￿ents Cash Charitles Deposit Fund Cash in hand Totsl current assets 3.178.35 26.124.47 3.178.35 32,355.95 34.837.25 2.615.76 19.267.32 30.456.37 20.16 52,359.61 1810.43 30.715.29 3,421.05 4,121.96 29,302.82 4.121.96 33,525.72 3.421.05 70.371.55 CLIRRENT LIABIL￿lEs Receipt in athn Creditorslaccruals Amwnts due < I year Total current liai¥litie5 742.47 742.47 441.62 1.445.00 2.187.47 1.445.00 2,187.47 900.00 1.341.62 0.00 0.00 0.00 TOTAL ASSETS LESS CURRENT LIABiullES 43.625.45 4,121.96 83.019.37 403B12.92 534.579.70 493.680.94 C¥editors AM￿nts due> l yEar A5SErs 0.00 0.00 534 579.70 493 680.94 43 625.45 4 121.96 83 019.37 403 812.92 CAPITAL FUND Unrestrided Fund General Reserve Restri¢ted Fund Cyclical 43.625.45 43.625.45 4,121.96 88,991.13 I.ODO.00 4,121.96 83.019_37 83.019.37 58,609.56 403.812.92 345.080.25 534.579.70 493.680.94 Extraordinzry 403,812.92 83 019.37 403 812.92 TOTAL FUNDS 43 625.45 4 121_96 Signed byTWO TRU5TEE5 on behalf of all TRUSTEES Lord 8arThard J Bpoole 10 102É Dat HENRY, tXJKE OF (LEVELAND INCOME AND EXPENDfFURE ACCOUNT YEAR TO 31 DE￿ MBER 2025 unrestrirt￿ Unre5tiictoJ ReArtctoJ nd Fund Fut)d Restrict Fund Ext￿rdInary Total 2025 Total 6￿*[al Cytli¢al 2024 INCOME c￿tributionS from resldents Investment Income Dimdend income shares 41.490.00 41,490.00 39.253.72 407.38 407.38 388.21 Diiidend accumulation shares Charities deptsit fund Totsl incomin8 resourtrs 3.673.27 1,258.92 4.932.19 23.732.67 27.405.94 1,380.88 70,684.20 24.570.20 1.43S.65 65.647.78 121.96 41.897.38 121.96 23.732_67 EXPENDrruRE rect Choritt7ble Ex￿ndit￿re Rouune maintenan 8.922.33 8,922.33 11.047.78 Cyclicallextra-ordinary repairs Water rate, coundl tsx etc Insurance Warden Sem￿ (Care Conr*rtl Surdry expenses National Association of Ajmshouses substription Housing Ombutsrnan Conce5goftarylVli¢w£e 5,522.38 5.522.38 4,610.86 2,449.12 379.73 22.988.47 3,919.82 2.389.32 309.40 4,610.86 2.449.12 379.73 854.20 854.20 220.50 419.1)0 419.00 539.00 96.36 96.36 96.36 37.50 37.50 Monogement & udminAstro￿on Remuneration of aerk Mlseellane￿s petty cash S.499.96 49.00 5,499.96 49.00 4.812.42 148.90 Independent ExamSners fees Totsl resour￿ expeftded 945.00 24.263.06 945.00 29.785.44 942.00 47,413.97 0.00 5.522_38 Net 1ncrffiTr￿ resources befcrt transfers Transfers 17.634.32 3.000.00 121.96 -590.19 25.000.IK> 23.732.67 35,000.00 40.898.76 0.00 18.233.81 0.00 3.000.00 Totsl funds brfMJ8ht fc¥ward 88,991.13 I.oIK).¢Jo 58.609.56 345.080.25 493.680.94 475,447.13 TOTAL FUNDS CARRIED FORWARD 43,625.45 4.121.96 83.019.37 403,812.92 534,579.70 493.680.94 HENRY, DUKE OF CLEVELAND NOTES TO THE ACCOUNTS YEAR TO 31 DE￿MBER 2025 I. PRINCIPAL ACCOUNIING POLtCES The govunol by aschemeofthe C￿lty Comm￿s￿)ne[s. have been pr9)8￿1 in wy)rdallce with applicabl¢ aLKy￿nting stslld*d and Aw)unitiw RqthEig by Ch•ibeS- of Prxtitt FRS 102. a) Th¢ a￿u1)ts 8r¢ prwd on thehistorid ¢ostb&%ks. b) Housing Lattd &od BuikliTV. Thè ottty regj property oWtt￿ by the Chwity ks abkxk of 12 A1￿hoUseS LX4kStruct&l irt th¢ saY)￿J balf of the I￿ Cffi￿ry. No &ctsrate rKxbrd of thtir LX)St is now avaaablq ad the Balan￿ SheA includoj onty the L¥)St of the imprOve￿ents lwTi￿ out sin