Charity nUM￿r. 224578 THE KING GEORGE V MEMORIAL HOMES UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 THE KING GEORGE V MEMORIAL HOMES CONTENTS R￿erence and Administrative Details of th• Charlty, its Tw$l•es and Advl$er5 TruSt￿S. Report Independenl Examlnets R•port Statomènt of Flnanclal A¢bvitws Balanu Sh•el Notes to tho Flnan¢Oal Stslwnents 8-15 THE KING GEORGE V MEMORIAL HOMES REFERENCE ANO AWINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAI &IQED 31 DECEMBER 2025 Twst••s Mr N B Berry. Ctroinnan Mr5 M Pipe. Vice Chaim)an Mi&8 D Goffin ITesKJned 7 June 20251 Mrs H Harden Mf A Lang Mr P Ledger Mr G Swain Mr R Gaffor Mrs I Ward Mr P Elsom Ms T Jennir ChaTIty reglsl•r•d number 224578 Prlnclpal offl¢• Felixsith IPI 1 7JP Chalrrnan MfNBBerry Independont examlner Scrutton Bland Limited Fitzroy House crow￿ Street Ips￿ Suffdk IP1 3LG 8ank•rn Bardays Bank PIC 1 Pnnces Street Ipswch Suffdk IP1 1HE Sollcltors Jackamav 1671171 Hamillon Road Felixslowe Suffolk IP11 7DR Pagè I TRUSTEES. REPORT FOR ThE YEAR ENDED 31 DECBIBER 2025 of Ireland (FRS 102} leffec1r￿ 1 January 2019). and of limiled means. 8e8 a￿(M￿lI￿j 2.5. ID Ihe d￿al￿ of the gtsl prowty. tt is held at £nil valuè and tha I￿￿te85 el8cl to rnvalue IL The (kniec￿ cl ts Clwity is to maintsin these fiats and administra11(￿ matter5. In s8lkng oblectives planning for ￿￿1¥11￿5, the Tnth ha¥e given due consthrntM)n lo general gLHdance published by ts ch￿ C(*nmis%NTh rnlabn9 lo wbhc bw*fiL iThth¥J the 'Pui* benofit cunning a charity IPB2)'. The Tnthes are aww8 of the r*e*J tr) cyjrtskler tttht The V Memo￿1 Homes Is meellng tha endo8vou￿ lo ac(XYnp￿h oblecll% In 2025 the Chwity gwwated an of £99.279. £43.111 ￿Mpar￿￿ Y•ith £8,673 in 2024. GONem￿ cy)sts some ol total ￿￿)Me. rtlolio. Gal￿ over thg yoar £56,168 rI￿par￿1 gall￿ of £15.972 ￿ 2024. unexF*cted w￿nd1￿19. Cosh b*K85 somg £13.0(Kl at the end Ihan in 2024 but the stock exchange portft4*) I￿?a￿j in ty scme £111.IXKI. £50.￿￿1 was added to thg portfol from the L*anWs cash le5￿[ce$. Chartes s￿leY and Co to rnana99 the investrnenl in Iw income and investsnent Sale txrxe&ts we 1wn¥es￿I. THE KING GEORGE V IAEMORIAL HOMES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Achi•vomonts and perfomianc• Icontsnu8d b. Review of activittgs The core acw reffla1￿ as - to provide a suitsble. up to date. safe aThJ seojre enwronment for tenants. The trustees agreed to develop a more slnKtured approach to a prc4Jrarnme of Tefurbishmenl as and when flats became vacant. Specrfic aCliw￿eS inckmled the (x)m ￿eti0ft of renovallng Flat 8 at the start of the year and Flat 7 gelting a of kitc1￿ in the . Rlsk assessment The cforivs risk 8sy8ssment wlicy is rovwA•d at each q￿ Trusle8s meetiryJ. Uquldlty and r•serv•s a. Golng ¢on¢•m After making appropriate enquiries, the Trustees have a reasonablè 8XPèCtation Ihal Ihg Charity has adequate fesources lo conts.nue in operats.onal existence meet ts ￿abIlitieS as Ihey fall due for the fofeseeable future. For this reason. they continue lo adopt Ihe going (x)rMxn basi5 ￿ Preparing Ihe fin￿l￿al slalements, bging riod of al lea5112 months from the date of approval of these financial slatements. b. Ros&r¥es poll¢y The reserves of the Charity are hekj with 8aTdaF Bank PIC and Charles Stanley and Co. Lld. The Trustees wish lo ensure suFfici8nl fund5 are hold lo enable the Chanly to carry out its activities on a day to day basis, and to u)nlinue the refurbishment of the Ilats. Reserves held al the balance sheet dale lotalled £692.405 12024.. £593.126). These ￿ Irge reseNg$ a￿1 can be ubl"8ed to furfher th8 Charivs Obl.￿￿¥9s. Struc￿r•I govèrnance and managemw a. Constliutlon Tha King George V Memorial Home$ Is a r8gisteT&l charity. number 224578. wwj is mlituted under a Trust deed dated 17 Febn￿ry 1942. b. Methods of appolnlm•nt or el¢ctlon of Trust•os The management of the ch￿ is Ihe of the Tnsstees are elerled for 8 3 year term u￿ler the 18rnis of the Tn￿1 deed. c. Trustees. indemnlties The charity has taken out Injstee irrfjemnity insw1a￿ trj rn trustees against FWSQDal liability arising from Ihelr fole THE KING GEORGE V MEMORIAL HOIAES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Statement of Trustees. responsibiliti8S Th& Trustees are reS[￿lble ￿pari￿j the T￿￿. Re￿rt arKI the financial ststements in accordance with applicable Faw and United Kingdom Accounling St¥￿*d$ (Unrted Kingdom Generally Accepted Act>Junling Practice). The law applicable to chatTbes in England & W*es requires the Trnstees Io wBp3re finanrAal statements for e8ch financial which ￿"ve a Irue and fair view of Ihe state of affars ol Charity and of its incoming resources and 8pplicats.on of resour￿. induding its income arKI expenditure. for that per*)d. In Preparing finaftci81 statements. the Trustees are required to.. select stjilable accounbng ￿1claS and then apply them con5i5tently. observe ihe melhods and principles of Ihe Charl1￿ SORP IFRS 1021. make judgmonts and accountsng ests"mates that are reasonable and tffuthnt slaie whether applicat4e UK Accounting Standards IFRS 102) have been f01h)￿￿, suLy'act lo any material departures disd05ed and explained in the financial slatements: and prepar& Ihe financrdl statements on the goirvJ concem b8sts urless rt is inapprowiale ¢0 presume that the Charrty will continue in bus¥iess. The Trustees are responsible ke8piThJ adequate ￿￿n11Thj rwds thal are suffic4enl to show and explain the Ch8riWs transactbjns and disclose reasonable a(*%racy al any time the ftnanod posilion of the Chafity and enable Ihem lo ensure Ihal the finani?al slalernents compty viith th8 Chariliès Act 2011. the Charity (Accounts and Reports) Rewlalirms 2rx)8 and the pro¥i5ion5 of Ihe Twsl deed. They are a150 responsible for safeguarding Ihe assels of the Charrty and he￿e lor lakry reasonth step5 for the [￿evenIN￿ and detection of fraud and other irreAulèriti'es. Approved by ordor embers of the Boafd of Trustees and swad on Itwlr bghalf by. Mr N Berry Dale.. Page 4 THE KING GEORGE V MEMORJAL HOMES INDEPENDEPU EXAMINERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Independent Exarnin•rfs R•port to tt* Truste45 Ot ThE KING GEORGE V MEIIJORIAL HOMES llh• Charlty) I re￿t to Ihe cl￿rity Tn￿leeS on my exami￿11￿ d the ￿Cl￿r￿ of the Clwity ended 31 Decembw 2025. R•sponsibllities and Basis of Report A8 the Trustees of the Charity are responsib￿ for Ihe ￿eparats￿ (A the accounts in ac￿rdanCe with the requirements of th8 chariti￿ Act 2011 2011 AGfl. l ￿port fft fespect of my examinatim of Ihe Ct*ritys ats￿Mts rarrie4J out under seclion 145 of the 2011 Act and in carTwng out my 8X8mrnab'C￿ I ha¥e flAkn￿ Ihe appli(3tAe Direclion5 gNen by the Charity C(Knmission under sectlon 145(SXb> of Ihe 2011 P£L Indepondent Exafflln•rfs Staiafflont Ywr attenlion Is drawn to the Ixt Ihat th8 Charity t*s pr8P8TwJ Ihe awyJrrt8 in a¢xx)rdance Ac(x)unling and Reporting by Chanb'es." Statement ol Rgcommended Praclice applicable to tharittes weparing their accounts in accordance with tho Financial ReFKMtiNJ StsrNlard applicabje in Ihe UK and Republ￿ of Irgland IFRS 102) in prelerence lo Ihe Accounling and RepO￿.￿g by Charibes.. Statement of Reccrfnrnended Practice issued on l April 2005 which is referred to in th8 exlwrt regulations but has been witt￿18¥￿. l under5tsnd that this has been done in (¥der for the acts￿nts to •¥J fair view in ac(thance with the Generaty Accepted AcgwntirwJ Piacllce effecli4E for rfjpiyWvJ pemds beginning 1)rt or after 1 January 2015. I have ojmpleled my examinatiw. I that matth have c4xne to my aikntion in connection with tho examination giving rne cause to b91we thal rn any malor￿1 resm: accountiro re(yJrds kept in rnsrn oftt* Chartty as rewh¢d by seclK)n 130 of the 2011 Ac( or the a￿Lsnts do noi wilh Ilw wyds: or the ac(xJunts do nol c*)ms* wilh thg applKable requirements ¢￿￿￿MIng the fomi and cxmlent ol Junts set in the Charilies IAco)unts aThl Repryts) RegUlati￿ts 2008 othEr Ihan any requirement ttst the accounts give 8 'true arrfl lairf view ththich is tYJt ? matter cgmsNJered as part of an independent examinatyons. heve no cor￿n$ and have come acrnss no other m8lter5 o)nnection wilh the examination io which attenlion should be dra*n in trus rewt in order to •iatAe a wrrfjer unds51￿K1[ry of ts a(x>)unls to be rnached. Signed: Oated I lffL6 John Perry FCA Scrutton Bland Limited Chartered Accountants Fitzroy House Ipswch SuffL4k IP1 3LG THE KING GEORGE V PAEMOR￿L HOMES STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 OECEMBER 2025 Total funds 2025 Totsl fund5 2024 funds 202S Notes Income from: 83.762 11,717 83.762 11.717 75.808 12,856 Investments Tolal Inwme 95.479 95.479 88,664 Expenditure on: Charitabie actiwties 52.368 52.368 79.991 Total exp•ndlturn $2.368 52,368 79.991 Net Income before net galns on Investments Nèl gains on investments 43.111 56.168 43.111 56.168 8,673 15,972 Net rnov8m•nt In funds 99.279 99,279 24.645 Reconciliation of funds: Total funds brought forward Nel movemenl in funds 593.128 99.279 593,120 99.279 568.481 24,645 Total funds carriod 10rn7ard 692.405 692.405 593,126 The $￿ternent of Fkk3ncpl Acilvll1￿ indudes 811 gain and losses In Cuff￿1 and prior yèart. Thg notes on pag￿ 8 to 15 forn part of these financi81 slatements. Page 6 THE KING GEPRGE V MEIIORIAL HOIIES BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Flxod asvts InvestrnentS io 5SS1 443.432 555.159 443,432 CurTènt assgts 06blors Cash at bank and in harKI 11 3,360 163.335 140.939 144.888 166,695 CTrdilors.' amo￿lts fdlirwJ d4* 7A41hln one year 12 17.642) (17.001> 137246 149.694 691405 593,126 Totsl 8sMts 691405 593.126 Charlty fvnds Unr8sITicl8d fvrKIs 13 2.40S 593.126 Totsl *Jnd• 692.405 593.126 The MrNBBeYry (Chair of Trustees) Mr A Lang notes on pages 8 to 15 frffm pwt of Ihese stat&nenls. Paae 7 THE KING GEORGE V MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 310ECEM8ER 2025 A¢￿￿￿tIng poli¢iws 2.1 Basis of p￿￿￿110￿ of financial 513twnents The unaudrted finar￿131 statem8nts have t)een prepar￿ In accordance with 'Accounling and Reporting by Charits5.' Si8iement of R￿J￿nfflend&j Pracli￿ a￿￿cable to (thaiit*s preparing their accounts in ac0)r￿ the Financial Reixyts'ng Stsntsnj applicable in the UK and Republic of Ireland {FRS 1021 {Sec¥yKI EdrtKMI' 8ThJ the FIrw￿la1 ReFKwkn'ng Slandard appluble fft the United Kingdcmn and RepublK of Ireland IFRS 102) and the Charilies Acl 2011 and UK Gerwally Accepled Practice as rt aptdtes fffxn 1 Janw 2015. Th8 financial statements have been Prepared to give a Irue and fatrf view and have departed Irom the Charitw (AccounLs and Reports) Re9￿11￿5 2(Y)8 only to the extent required lo provide a 'lrue and faw vieW. ThÉ5 deparbjre has irNolv&J folb)¥*ing 'Accounting and Reporting by Charilie¥'. SMement of Recommended Practice appluble to chariti.es preparing their accounts in accordance with Ihe FinancA81 Reportiry Slandard appIL7b￿ in the UK and Republic of Irdand {FRS 102) {Seeond Editionl'rather than th& kn£wJnts'n9 arKI RwKtirYJ by ChaTrties: Stat8m8nt of Recommended Practice effectsve from 1 April 2W5 T*thith has since been withdrawn. The King George V Memorial Homes meets the d&finitM)n of a public benefit enlTty urKler FRS 102. Assets and 11a￿.[111eS are inibauy fecCgrms￿ al hlslofical cost ￿ transac￿ value unless otherwise stated in the relevant acst and rel book value of which is £Nil. No depreciat￿ is charged t)n ass* as thoy *• a £Nil val•. 2.6 Inv•strn¢nts Fixed assei instments arn a fixm ol f￿￿nCial instrumert and ar8 inibally wnised * Iheir transacllon c05t and subsequenty measured at fair al the Bala￿e S￿1 date. Unle￿ the value cannot be measured reliai4y in ￿ti•Ch case rt is Measured al cost less impairnienl. Inve5trnenl gains and losses, ￿¢lether realised or unrealised. are combined and presented a5 'Gainsl{Lossesl on investments. in the Statement of Fina￿181 A¢livitsts. 2.7 Deblorn Trade and other detrA￿s at Ihe selllemenl amount after any d￿cOUntS offered. 2.8 Cabh al bank and in hand Cash al bank ar￿ in haNJ c85h arKI sl¥xt-term ltywj inve5trnents with a sh(xt maturity ol Ihree monlhs les5 from the date 01 acqu￿11￿￿ or Openi￿ of the deFK>siI or swnfiar account. THE KING GEORGE V IrtEhlORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 A¢￿ID11￿g policies (continued) 2.9 Liabilitie5 and provi51ons Ltabdilies are rwised vèben there is an obligakn at the Balance Sheet date as a result of a past ev6nt. rt is probable Ihat a transfer of economic bonefil be required in setllem8nL and the amount of the settlemenl can be estimated reliabty. Liabilibes are recowlsed al the amount that Ihe Chaiity anticipates it *lll pay to sett18 the debl or the amounl it has r￿e1ved as pawr￿ts for the LY services Ét must provide. 2.10 Fund a￿O￿Trong Genwal fund5 unrestffted luThJs vthith availalAe fcv use at the discretion of th8 Tnjstees in furtherance of the gw81 ot1ecb¥￿ ol the Charity aThJ have not been des*3nated for other InGom• from charitable acttvi1185 Total nds 2025 Total funds 2024 funds 2025 Income recéivable from llats IrKome re¢eNablB ftryn altotrnents 83,637 125 83.637 125 75.T28 80 83.762 83.762 75.808 InV•stm￿rt Inwn• Total fund5 2025 Total funds 2024 funds 2025 Listed investments Bank interest receivaile 9.641 2.076 9.641 2.076 11,005 1.851 11.717 11.717 12,856 Page 10 THE KING GEORGE V MEMORIAL HOIIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Anatysls of 0xpendI￿Tr by tharilable activities Actlvtties undertakon directty 2025 Total funth 2025 Total funds 2024 Direct l>Jsts 52,368 79,991 Analysls of dirvct costs Total fund$ 2025 Total lunds 2024 Staff costs (See note 8) Grft5 to lenanl$ Council tax Water rates Electrcty Insurance 9,293 700 1,145 4069 1,125 4.610 8.695 850 14.051 7.830 9.075 680 3,064 1,232 4,242 11,264 Upk88p of gard8 Window cteaner Repairs and maintenance Govemance cyjsts (see n¢)le 61 42,755 6.879 79,991 Governance costs 2025 2024 Printing. postage and stationary Sundries Management charges Independenl examinerfs fee (See rnte 7> PayToII proce5Sry seThi￿$ (See Th)le 7) 120 25 109 4.379 1456 850 3.954 1,922 800 7.830 6,879 Page11 THE KING GEORGE V PJJEMORIAL HOMES NOTES TO THE FINANCIAL STATEMEi¥rs FOR THE YEAR ENDED 31 DECEMBER 2025 Ind•pendent examinerfg rBmuneration The 1fidew￿ examir*rfs remurwakn to an #Kwdent examNw fe8 of £2.456 P024 . £1.922). and pay￿1 prrKe5siry ser41r￿ of£850 (2024. £800). staff costs 2025 2024 Wages and sala￿S 9.293 9.075 The avarage numbgr of prn emFknd by CtHiity (krring the Yds as folk)ws: 2025 No. 2024 No. Clork in either lh8 ￿rTant or rmi(ws The Truslees are conSidw￿ lo be key marwenl perS(m￿l. r¥J reMW￿￿t￿￿ Vays p&d. or expen58S reimbursed to the Truslees in etther the CLwrent or twior ￿rs. 12 THE KING GEORGE V MEMORIAL HOMES NOTES TO THE FINANCIAL STATEhlENTS FOR THE YEAR ENDED 31 DECEMBER 2025 10. Flxed asset Inveslmonts Listed In¥¢stments Cost or valtsatlon At 1 January 2025 Addilions Disposals Revaluations Movement in cash 443.432 121,476 (V.6541 4.905 soooo Al 31 Decomber 2025 555,159 Net book valu• Al 310acember 2025 555.159 Al 31 D8cemb8r 2024 443,432 11. Deblord 2025 2024 Olhor debtors Prepa￿ and accrued income 1.334 2,615 814 3.949 3,360 12. Credllors: kn)ounts falllng within one ye 2025 2024 other laXal￿n arKI ￿1￿1 secuiity Accwals and deferred wme 149 154 16.847 7.493 17,001 Page 13 THE KING GEORGE V MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 13. stst•m8nt of funds Statem•nt of funds - wrront yoar Balance at 31 Gainsl December (Losses) 2025 Balancè at 1 January 2025 Incom• Ex￿ndItUre Unfgstrl¢t8d funds General Funds- all funds 593.126 95.479 152,368) 56,168 692.405 Staternent of lund$- prlor year Balance al 31 8alance al 1 January 2024 Gainsl ILossesl December 2024 Income Expenditure Unre$trlcted fund8 General Funds - all funds 568.481 88.664 179,9911 15.972 593,126 14. Analysls of net as$et$ betwoen funds Analysts of net ass8ts b•twwn fund$- curv•nt y•ar Unrestricted fund$ 2025 Total tunds 2025 Fixed asset investments Current assets 555,159 144,888 17.6421 555,159 144,888 17,642} Creditors due within one ￿ar Total 692,405 692,405 Page 14 THE KING GEORGE V MEMORIAL HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2025 14. Analysls ol not assets b•lwwn fvnds {¢ontinued) Analysls of net assets bth￿n funds- prior year Unrestricted funds 2024 Total funds 2024 Fixed asset investments Current assets Creditors due within on• year 443.432 166.695 117.001) 443.432 166.695 {17,0011 Total 593.126 593,126 15. R•latod party transactlons The Charity has not entered into any r*ted paty transactions during the year. n¢y are there any oulslanding balances owing betr4¥een related parlies and the Chanty al 31 r)ecember 2025. Page 15