Charity regi5tralion numb•r 229237 IEngl•nd and Ylalesl COVENTRY FREEMEN'S CHARirf ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 COVENTRY FREEMEN'S CHARITY LEGALAND ADMINISTRATIVE INFORMATION Trust•es Mr D Handford N1r M R8wson Mr G M Wilkinson Mr D Bullman Mr D C Mander Mr P Rosier Mr R Bansal Ir J ivilkinson Mr S J Rawsor7 Charity number 229237 R¢gi5tered office 3Mc Middlemarch Business Park Siskin Drive Coventry CV3 4FJ Auditor Datterns Auoil Limited Hary WEslon Road Binley Business Park Coventry Uniled Klngdom CV3 2UB HSBC 5-6 High Street Coventry CV1 5RE SolicitorJ Mander Hadley Limite 1 The Quadran,. Coventry West M.'dlands United Kingdorn CV1 2DW Invostmgnt advisors QuiVLer Lheviot Ltd Provincial House 37 New INalk Leicester LE16TJ United enable Ihe ¢harity lo rr,e&l its ongoing GOTnmiltnenl to SGheMe benefit reGipients No ILind5 hao been designated a5 a". the year end. There weie no proqramme related investTnents at the year end The unrestricted funds hekl are in accordance vii'.h the reserves policy Sources of funding The main 50ufGe ol funding Gontinuec to be the property and Investrnenl portfolio. Risk management The fruslees Iiave exaniined Ihe Inaioi slrategiL. business and opeialv)nal risk5 which the Charity faces and onfiitti that sysleinb hdve been e5-.ablibhed lo eTrdble regu5ai reports to be producEd SD that the Dece¥bary steps can be taken to lessen the9e risRs. T*e iisk managemeit Is reviewed annually Dy the Trusiees. There are nui considered IJ be any principal risks Ifat affected financial JerfDrFnance during the lear New and future deyèlopments The trustee5 of the charity are continuously looking into irr,proving and manlaining the properties and investments to provide lor Lhème re¢ipient5. With the proposÉd Changes. they look 10 inuease the payments n)ade in a year. COVENTRY FREEMEN'S CHARITY TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Tru%t•e8 Tho trustees who served during the yegr wtre.. Mr D Hendford Mr J Parry Mr M Rawson r Q M ￿lkInson Plr D 8ullrnan r D C Manupr Mr P Rosier r R 8ansal Mr J Wlknnso Mi S J Rawson IRe5igned 30 March 20261 How dorls10Tr5 aro mad• The board ol tnjstees fflEefs regularfy for the purposes ol discussing the tharity's affa'rs and deooion maklng. Uc￿>￿ and tr41ning or Trustres New Iru$tgeE und8tyo a perh)d of orientation lo brfef them on their *al oblig8tion8 vnder law, the content of Ihe govemin9 dDeurnent. thè commitlee and ¢et45ion Mo￿ng processes, Ihe business plan ieont finsroal perFom3nce of the Charity. Duriny the Ind￿￿Or, they meet key personnel and tsuslites. Tntstees are encouraged to attend approprwle extemal training events where these will faclitale the undertaking of ihoir Tho tru8tee8' reprul was approved by the 80a￿ ol Trustees. Trustee COVENTRY FREEMEN'S CHARITY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DEGEMBER 2025 The trustees are responsible for pieparlng Ihe Trusièès, Répor. and the financia￿ statements In accordan￿ with appllcablè law and United Kingdom Accounting Slandaids Iunited Kingdo￿ Generally AcceptEd Accounting Piaclicel. The Idw appliciiblp lo charitlE5 in Englaid and W&iles iequire5 the Iru51ees to prepare financial 51at8ments for each financial yeaF which give a Iiue and fair view of the stale of affaiff ol the Gharity alld ol the InCDrning resource5 and appliGiltion ol IEsuufGe5 of the charily lor that year. In preparing these financial $tatemenis, the ITUStees are required lo-. select suitable accounting policies and then apply thern consistently.. observe the methods and prinGiples in the Charrties SORP., make judgements and eslimales Ihal are reasonable and prudent, slaie whethEr applicable accounting standards have been followed. subject to any material departure5 tJis¢losed and &xplained in the financial slalements, and prep8re Ine financial 51aletnell15 on the going concem b85is unless rt is inappropriate to presume that the charity will continue in ope13tion. ThÉ trustoos are respOnS￿bIe for keèping SUff￿￿￿t accounting ré(%)rd& thai disck)sa wrth rèasonablg accuracy al ¥ny time the financial position of the cha,-ily and enabk them lo ensure that the financial slatemenls comply with Ihe Charities Act 2011, '.he Charity (Accounts and Reports) RÈgulations 2008 and the prow5ion5 ofthe Irusi deed. They are also responsible for safeguarding the assetts ol the charity and he￿￿ loi taking I￿Onable step5 for the prevention and deleclion of ftaud and other irregularities. COVENTRY FREEMEN'S CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF COVENTRY FREEMEN'S CHARITY Opinion We have audited the financial statement5 D,. Coventry Preernen'5 Charity Ilhe charity'l for th& year ended 31 DeGembei 2025 whick. comprise Ihe st31emenl ol financial acliviliÈs. thè balance sheel, the Slalèrnenl of ¢ash flow5 and the notes '.0 thè financial st8temcnts, Ircluding a sumyary ol significant a.-CoU￿b-￿9 poli¢ es. The finanual repoming frameivcirk that has been applied in their preparation Is applicable 13W 3qcS Ljnilcd KirigdDm A¢coJnling Slandards, Including Financial Reporting Slandaid 102 The Financial Report￿￿9 Standard applicable In the UK and Republic of Ireland Iuniled Kingdom Generally Accepted Ac¢ountins Practice). In our opinion. the fin2ncial st8temenls.- give a true and f8ir ol the stzle ol the charity s affairs as at 31 December 2025 and of its incoming re50urce5 ar.d atsplicalion of r&scurces, for the year then ended., have been propèrly prepared in accordance with United Kingdom Gener211y Accepted Accounting Practlce.. and have beor propaied in accoidance with the Clarities Acl 2011. Basis for opinion WIÈ conducted our audit in accordancè wilh International Standards on Auditing IUKI IISAs IUKII ar)d applicable law. Our responsibililies Jnder those s12r,dards arc further descdbed in the Aiidirorfs r6sponsibrt￿rI&S ltrr the aud,,r of the financial SÉatements section of our rwort. We are independent of the charity in accordance with Ihe ethical iequirÉmen15 Ihal are relevant lo our audit Jf the financial statement5 in the UK. includirg the FRC'S Ethical stanijard, and we h8ve fulfilled our other ethi￿1 iesponsibilrties in accordance with Ihese requirements. We belie, that the aud.,t ¢viden¢e we have obtained Is sufficient and appropriate to promde 3 ba51s for our opinion. Conclusions relatiny to 90ing concern In auditing the f1nancial 5t8tements. we have son¢luded that the trustees, use of the g01ng conterr. basis of accounting ITh thè preparation Ihe Iinailcia slatements 15 appropr ate. Based on the work we have perftsrrnèd, Iiave not identified any rniiieridl unceilainlies relating lo events or ¢or'dilions that. individually 01 collectively, cast significant doubl Dll the clidrily's abili1y lo Lonlinue a5 a goin9 concern for a period ol at ￿a51 twelvp mDnth5 frijm wlien the financial stalemenls are aulhorised for issue. Our respon51bililit!s and Ihp. respDnsibililie5 of t￿e Irustees viilh resp&cl to going concern are déscribed in the rp.le.vatrl se¢'.itrns of this report. Other information The uther Inforrn3lion comprlses the inlorTDation indudèd In the. 8nnu21 ￿port other than Ihe financial sialements and oJr auditor'￿ rpport IherÈon The trustees are responsible ft)r the Other Informalion contained wilhin thè &nniJ21 reoDrt Our opii.on on the financi81 staiements ooe8 not coverthe oiyer informaiion anc we do not express any form of assuranee conclusion Ihereon Our responsiDilily Is lo read the olier in,orfflation and, In doing so, consider whelher t*0 other Information Is rnalerially Inconsistenl wilh the financial st2temer.ts or our knowledge obtained In the courge ot IhÈ aLdil, or olnewise appears lo be TM3teri3lly missl¥ied. It we Identify 5bch m8tÈrial Inconsistencies or app3rei'. mate,, iai misst)leme*'.g, we ale required to determine whèiher th s gives rise lo a malerial rn1ssialemÈnl li financial stateryents Ihemselv-s If. based on the vJork WE have perforTned, conclude that there is tnalerial misslslemept of this olhef informalion. wè are reqbired lo report th31 faGI. We have io'.hirig lo report in this rcgard. Matters on which we arÈ ieqvired to report by exception We have nothing to report in respect Df the following matlors in rel¥tion lo wh￿1 Ibe Charities (Accounts and Reports) Regulations 2008 requiTe5 lo report tJ you If, In our opinion. Ihe ItTrlormalioii given in the financial 51atetnents Is Inconsislenl 'n any material respect will Ihe Iruslees, 'eport. or .s'.JfFicient accoLJnling records Yave not been kept. or the financial slatewents are not in agreement with 1ho accourting recorJs-. or we have not received all the inlDfmdl.¢n and explanaliors we require for Dur dudil, COVENTRY FREEMEN'S CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COVENTRY FREEMEN'S CHARITY Responsibil￿e$ of trusttres As expldd from the Charities IAcr)unls and Reporlsl Regulations 2008 onl'i to the extent required to provide a true 2nd fair vieiv. Thi5 departure has involved following the Statement of Recommended Pia¢li¢e for charities applyinq FRS 102 lather than the version of the Statement of lecommertded P-.aGtice which is refeired lo In the Fiegulaliong bal which has SifiLe wilhdiJwn The financial slatements arp prepared in slerfing. which 15 the bJnclionèl knu'iency of the -harity. Monetary ainounls in these fiiiancidl slalements are rounded ID l)e nearE51 r The financial statements have been prepaled under the hislorcal cost ¢onvention, modff1ed lo Irclude the rev8lualion of freehold properties aid lo inGlude inveslment properties and certain financial inslrurnen15 at fair value. The principal aeLounling policies adoptèd arÈ set out below 1.2 Going concorn The financial stalemen15 have been preparEd on a going concern bas15 as the Trustees believe Ihal no material uncertainties exist The Trustee5 nave considered the level ol funds held and the expecied level of Income and expendilure lar 12 months ffom aulhorisin9 these financi81 slaleniènls. The budgel￿d in-onie and expeiicfiluie is suffiiieiit wiltr, Ilie level ol reseNe5 for the charity la be able to Lt>nliiiue d5 d going Loncem. 1.3 Charitable funds Unreslr'cled fu1ds are available fur ijse at Ilie Lli3cTelion ol Ilie tru5tee5 In furtherance of their chanlable ubjeLIivLs Restricted fund5 are SJJ ecl 10 5ptrcific condits.ons DY donois or grant015 a5 lo how they may be used. The purposes and use5 Of the restricted funds ale set out in the Troles lo the fin3nci31 slalements. Endowment funds aro subjeci lo specific conditions by donors Ihal the capital must be maintained by the cha'ily. 1.4 Intome Incorne Is re¢o9nised when the charit5 s legally entitled ID Il aler any perforrn2ncp condrtlDn5 have heen rnel. the amoLnt5 can be measured reliably. and Il is probable that income will be receivèd. LÈgae.es are rÈcogrised on receipt or DlheTwise if the chaiity has been Trolified trf an Impending dislribvlion. the amount Is known, ano receipl Is probable 14..he amourl Is not known. the lègacy 15 treated as a conlingent assel. R8r,tal ineorne from Dperating lea4es is recognised in the 51al&menl of financial activities on 3 straighl.line bas's over the lease ierm COVENTRY FREEMEN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Ac¢puntlng policies Icontlnuedl 1.5 Expenditure All expendituie is accounted for on an accruals basis and ha$ been rla55ifiecJ under headingg that aggregate all tost8 related lo the category. Expendiliire Is iecogni5&d where Iher& Is a legal or ¢onstru¢live obli9alioT to make paymen:s 10 third parties, it is probabl& Ihat the 5ettl2rnenl will be required and the atnounl of the obligaiiDn can be measured reliably. It Is categorised under the follDwing headings. Expenditure on ch8rilable activitie5., Other expenditure represents th058 1'.8m5 not falling into the categories above Irt8covgisble VAT is charged ss an expense against the adivity lor which exppndilure aiosE. Grants payable to third parties are within the charitable objectives. Vthere unconditional grants are offered, this is accrued as soon as the recipient 15 notliied of the grant, as Ihis gives rise lo a reasonable expeclalioi that the iecipienl will receive the grants. Vthei¢ grants arc Golldilional relating lo performance then the grant 15 only accrved wher* any Jnfuifilled condrtions are ouisioe of Ihe control of the charity. Support costs allocation Support ¢)st5 3r9 Ih05? that a581St the work of the charity but do not directly represe￿( charitable aclivrties and inelbdè tsfficg CD￿1￿. 9ovemance eosts, administrative payroll cost5. Thoy are incurred diieclly in sUPPOrt of expenditurr on the ETbjeGt5 of the charity. WhEre 5UPPOrt costs cannct be directly atlribLled to Particular headings they have been allocated to cost of raising funds and Cxpenditu￿ on ¢harrt8ble activities on a basis consistont with use ol the resources. The analy515 of these costs 15 included in note 6. 1.6 InvÈstrnÈnt property Investment property. whi¢h is propety he￿ to fenta15 andlor foi capital appreciation. is Initiallv '. 6cogni5ed at cost, which indudes the purchase cost and any direolly attributable expenditure. Subsequently it is measured ét lair value at the reporting end date The suiplus oi defilil on fevJualion is recvgnised in profit or Ioss. 1.7 Fixed asset investments Fixed asset inveslmenls are iiiilidlly me8surèd al tran￿￿Ello￿ piice excluding tiansaction costs, and are subsequenlly rneasured al lair value at eaGIi IEPDrting dale. Change5 In fair value ère iecognised In net incomellexpenditurel for Ihe year Transaction Tr0818 are expensed as incurred. 1.8 cash and cash equivalents Cash and ca8h equivale.nts Includè cash in h3nd. deposits held at call with banks, other short-lerm liquid investments wirh original maiiJrrti+.s of three Monlhs or less. and bank overdrafts Bank overdrafts are shown wilhin borrowings in uiirent liabilities. 1.9 Financial instruments ThÈ rhxrity has elecled LO 3pply Ihe piovisions of Section 11 '83sic Fin>ncial Instrurnpn':s' and SECtion 12 'Olher Financial Instruments Issu&s' of FRS 102 to 211 of I'.$ financia In5trument5 inancial Insliumenls ale recognised li the charily's balance sheet when the charity becomes party to the contractual provisions of the instrument Financial assets and liabilities are offset, w,th the net amcup.ts pre5eiieo In the financial staiements. when IhÈrÈ is a legally enforceable right to set off th& recogil,sed amounts and there 15 an intention to settle on a net basis or to realise the asset and getrle the liability sirnu',taneously. Basic fAnancial assets asc financial ass8ts. which include debtors 2nd cash and bank balances. are initially tnea5ured at transaction price including liansao.ion Lxsls and are Subsequently cairiud at arnortised cost using the effective interest method unless the arrangement conslitutps a financing Ir8nsaCt￿n. where the tr8n$aclion is measured al the present value Jf the future receipts discounted al a m2rkel rale of interest. Inancial assets ttlassifiÈd a5 rec2ivable within one year are not arnortised. 12- COVENTRY FREEMEN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR fHE YEAR ENDED 31 DECEMBER 2025 Accountlng policies Icontinuedl Basic fin•n¢ial liabilities Basic financi21 Iiabilili¢s. in¢luding creditors and bonk. loans gre initially recognised at trar5aclion price u?le5S the arrangement constitutes a finanang transaction, where the d*bl Instrument is mpa5uied at the present value of the futur& paymenls disrounled 31 a maikel late of interest. Fin8nGial liabilities classified as payablp Ylithin one year are not atnort15ed. Debt insliufnent5 ale 5ub5equently caiiied at amortlsed cosl. using the effective inter251 rate rnelhod Trade creditors a￿ oblwalions lo pay for goods or seNices that have been Ecquired in the Drdinary course of operations ficrn suppliers. AmDUPts payable arE classthed as currgnl 11abililies if payment Is duè within one year or less 51 nDI, they are presented as non-cuirenl 1lablli￿&$. Traile Creditors are recognised inrtially 8t transaction price. and 8iibseqLJenlly m2asured at amortised cost using the effectwe Inleregi method. Defecognition of financial liabftlities Financial liabilities are dèrecognised whèn the chanty's coniratlual obligation& expire or are discharged 01 cancelled. 1.10 Taxatlon The lax expense rep￿SentS the sum of the tax currently payable and deferred lax. The charity is not liable to inwme tax on if s charrtable activities. 1.11 Employee benefits The cost ol aDy unused holiday enlillemenl is recognised in the period in which the employee'5 serviTr5 ale received. Termination benefits are recognised immediatply as 2n expense when the charity is demonstrabty cotnmitted lo lermina'.e the employment of an employee 01 to provide termination benefits. cri￿¢al actounting estimatss and judgements In Iht application of the charity's ac¢ounling policies, the Iruslees are required lo make judgemenls, estimates and assutnplions about the carying amount of asseis and liabilities Ihat are .iot readily apparent from other 50urcos. Th8 8slimales and a55ucialed a55Utnplions are based hi5toriG81 experience and other factors that are con81dered to be relevant. Actual r?sults may dlffer from these estimates. Tho Pslimates and undedying assumptions arE reviewed on an ongoing bas15. Revisio￿5 to accounlivg &slimztes are iecognisea in the peDod in which the estimate Is revised wheie the revisiom affec15 only that poriod. or in tle perK)d of the revision ar.d lutuie penods where the revision affe¢t5 both curient and fulure pÈriods Donats"ons and lega¢ies Total Unrestricted funds 2025 2024 Legacies received 58,232 COVENTRY FREEMEN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income trom investments Unrestricted Unrestricted funds funds 2025 2024 Rantal income In￿rne from listed investmen15 Building leases Aoknowledgemenls Interest re¢eivable 1.039,280 100.S82 60 124 6.806 1,U32,290 60 124 8,271 1,146.832 1,135,080 Incomc fi)m Investmènt Income was wholly allributable io unresinaed tynds In ihe current and preceding year. ExpenditilTe on charitable activitios Charltsble aGtivitle$ 2025 Chjritable activitieg 2024 Direct Costs Inv&slTnent brokers Commissions paid Property iepaiTS Rates and water Light and heat Surveyors fees Legal fee5 Seniority paytnents Insurance Bad debt 5.568 95,943 256.305 3.925 4.147 8.100 4,781 504,236 22.491 19.863 5.414 85.7SO 336.Q29 3.661 1.482 16.153 13.212 51 6,572 35.819 31.275 925,359 1.045.367 Share of support and govemance costs15ee note 61 Support GovernancE 43,866 7.380 37.387 978.605 1,089.774 Analysis by fund Unresiricied funds 976,EQ5 1.089.774 ExpenÈès withir Ghaiitablp aclivlties was wholly attributablg. lo unrÈstriclpd fiJnd5 In Ihe current and preceding year COVENTRY FREEMEN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Support costs allocaied to actlvftles ZOZ5 2024 Soniority software Sundry expenses Clerk and finance cosls Legal expenses Bank charges Governance costs 480 4.467 31.200 5.562 2,157 7.380 480 2,018 30,900 1,415 2,574 7,020 51.246 44.407 AnThlysed behyeen.. Charitable adivitie5 51.246 44.407 2025 2024 Govemanre cost5 comprise= Audit fees 7,380 7,020 7,380 7.020 Net movernenl in funds 2025 2024 The net rnovem8nt in funds is st218d 8ftEr chargTngllcreditr'ngl", Fees payable lor the audit ol the charity's financial stalemenL$ 7,380 7.020 Trustees There were nD tru5te2s' remuneration or other benefits for the year ended 31 Decemb&i 2025 nor 2024. TTustses' expenses None of the Iru51ees recpived any expenses in the year ended 31 Decembu 2025 nor 2024. Employ095 The avèrage monthly number of ernployee$ duriiig Ihe year w8Y. 2025 Number 2024 Number Total There were no employees whose annual rpmuneraiion was more than P_￿.00U. COVENTRY FREEMEN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 10 Net gain51llosse81 on Investments Unrestricted Endowment funds funds general 2025 Total Total 2025 202S 2024 Revaluation ol iDveslments 144.546 138.D37 282.583 169.685 Forthe year ended 31 December 2024 89.037 80.648 169,685 11 Taxation Thp charlty15 pxeThpt trom tax on income and gain5 falling hwthin section 505 of the Taxes Act 1988 or section 252 af the Taxation of Chargeable Gains Act 1992 to the ext8nl that these are applied lo Its charilable objects. 12 Inve5trnent property 202S Falr value Al 1 January 2025 Additions through exlernal acquisrtion 16,262.427 2J8,527 Al 31 December 2025 16,520.954 The land and buildings were re-valued by Loveitts, Ch3rtered Survoyors. as at 31st Decernber 2021 on an Dpeq market basis in accordance w.'th Ihe guideline5 Issued by the Royal In5tilutioN of Chartered SuNeyors. 13 Fixed asset investments Lists in¥e5trnents Cost or valuation Al 1 January 2025 Additions ValL*ation changes Dispos815 2.898.671 330.127 282.583 1341.6991 Al 31 December 2025 3,169,682 Carrying amount Al 31 December 2025 3.169,682 Al 31 December 2024 2.898,671 16 COVENTRY FREEMEN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Financial instruments 2025 2024 Canyinu amount of financial assets Debt instruments measDrèd at amortised rost Equity Instruments measured at lair value 45.273 3,169,682 82.797 2.898,671 Carrylng •mount oi financial li•bilib"es Measured at amortised cost 59.058 46.909 15 Debtor8 2025 2024 Amounts falling due within ono year.. Other debtors 45,273 82,797 16 Creditors." amDunts falling within on¢ yeiT 2025 2024 Other taxation and Social securily Other ¢￿01tOrS Accruals and defeired Inco￿ 1,242 24,￿5 34.153 2.815 24,431 22.478 60,300 49.724 17 Endowment fvnds Endowrnent funds repreJenl asset5 which musl b& held permanently by the charity. In(x)me arising on the Èndowment ￿ndS e2n be used in accordance with the objects of the charity and is ir,clud&d ag unr851ricl8d Income. Any capital gains or losses arisino Dn the assets form part ol thè fund. At 1 January 2025 Galns and losses At31 OÉ¢ember 2025 Pemanent endowments 17.672.900 138.037 17,810,937 Previous yoar. At 1 January 2024 Gains and 105ses At31 Dècember 2024 Purrnanant endowmgnts 17.592,252 80,648 17,672.900 COVENTRY FREEMEN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 17 Endowment funds Icontinuedl This fund consists ol the oriqinal endowment Incoiporaled In the Indosure A%vards daled 2nd November 1880 and daled 22nd June 1875 together with the accumulalel gains 01 losses arising on disposal of the Charills investments and may only be applied in Ihe acqu151tion of other invesltnentS. 18 Unrestrictèd funds The unresliicie(I funds ol the charity compnse the unexpended balances Df donatlDns and grants which are not subject lo specific conditions by donoT8 and grantors as to how they may bé usod These inclbd¢ designated funds which have been sel aside out ol unrestiict8d funds by the Iru5tees for spèGffj¢ purposes. At 1 January 2025 Incoming resources Resources expended Gain$ and 1055es At31 DetÈmbÈr 2025 General funds 1,953.056 1,146.832 1976,6051 144.546 2 267,829 Previous year.. At 1 January 2024 Incoming resources Resources expended Gains and losses At31 Decernber 2024 General fvnds 1,760.472 1.193.321 11,089,774) 89.037 1.953.056 19 Analy515 of net assets between funds Unrestricted Endowment funds funds 2025 2D25 Total 2025 At 31 December 2025= Invoslmenl properties Investmenls Cuffenl assetsllliabilitie51 16.520,954 1,289,983 18,520.954 3,169,682 388.130 1.879,699 388.130 2.267,829 17.810,937 20.078.766 Unrestricted Endowment funds funds 2024 2024 Total 2024 At 31 December 2024-. Investrnenl properties Investments 16.262,427 1.410,473 16,262.427 2.898.671 464.858 1,488,198 464.858 1.953.056 17.672,900 19,625.956 COVENTRY FREEMEN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 20 FinanGial commitment5. guarantee5 and contlngont liabllities Commilmènts of £125,95712024 £18,729) lor refurbishment on a property owned by Ilie charity have been conlraded bul not provided for In the financial Statements. 21 Operating lease commiknents Lessor The operating ieascs represent leases of varying terms to third parties. Sorne ol Ihe ￿aseS include a provision ltsr periodlc upward rent reviews accordin9 ID prevailing market conditions. At the reporting end date the charity ha(J contracteLI with tenants lor the following rnwTrimum lease payments". 2025 2024 fjthin one year Between and five years In over five years 524.277 949,623 2,455.777 488.836 1,123,164 2,497,995 3,929.677 4.109,795 22 Cash g&nerat8d frotn gpFration$ 2025 2024 Surplus for thè year 452,810 273.232 Adjustrnents for". Investment incoTne re¢ogn'sed in statement of financial aclNities Fair value gains and 105ses on investments 11,146,8321 1282.5831 11,135,0891 1169.6851 Movetll8nis in working capllal.. Decrea$ellinC￿a$¢I in debtors Increase in tyeditors 31,524 ID,576 131,4801 6,532 Cash absorbed by operation$ 1928.5051 11.056.490) 23 Analysis of changes in nèt lunds Al 1 January 2025 sh At J1 Cwc?tnbEr 292$ Cash al bank and in hand 431,785 f28.6281 403.157 431 785 128,6281 403,157 431.T85 128,6281 403.157 19