2025-10-31-accounts

The Buckfost Abbey Trusl (Hel&￿ coMie¢itoK ivitrh ihe reltgloiLf ¢(lthmlihityoIBenedt¢iineMonktesiablishtdaiSf ivary sAbb¥y. BJK¥us4 Dev(wJ Yeat ended 31￿ O¢iob¢r 2025 Chariiy Commission Number 232497 The Buckfast Abbey Trust Annual Report Year ended 31 October 2025

Th¢ Bu¢kfasi Abbey Ttusi {HeldiJi C<￿￿¢￿19￿ iyiili ihe reliwouscommith1tyofBe￿lciI￿e mOttkse￿￿bIIShe￿￿1sl,vllry sAbbey, BiickJasi, Del￿) Year ¢nd¢d 31# O¢tob¢r 2025 Contents Page R¢fereTrce and Administrative Inforn]ation T￿￿te¢s, Report Independent Auditors. Report to the TNstees 10 Consolidated Statement of Financial Activities 13 Charity Ststement of Financial Aeiivities 14 Balance Sheet 15 Consolidat¢d Statement of Cash Flows 16 Notes to the Accounts 17

The BUckf￿ Abbey Tru (Heldiij copjneclion ivitA ihe rElisioiiicymmNnity 0lBe￿I¢ll￿¥ sAbbYy, Birfasi. Dtvon) Yearended 319 October 2025 Reference and Administrative Information Trustees and Principal Officers The trustees are Éncorporated by a certificate of Incorporation dated 24 February 1951 under the title "Buckfast Abbey Trustees Registered" Trustees: Right Rev. Dom. D R Charlesworth OSB Dom. Prior R D Smyth OSB Rev. Dom. P D May Dom. M A Pri¢kett OSB Rev Canon Mark O'Keeff¢ Louise J Hardy Prln¢ip#l Offlcers: Superior Right. R¢v. Dom. D R Charlesworth OSB S¢er¢tary Dom. Prior R D Sinyth OSB Chief Executive Officer Philip Arkwright Principal Office Buckfast Abbey Buckfastleigh Devon TQII OEE Contacts Monastery Office E-mail 01364 645500 01364 645590 [e-mail] Inve$iment Advi$eTS UBS AG 5 Broadgate London EC2M 2AN Insurers Catholic National Mutual Ltd Maison Trinity Trinity Square St Peter Port Guernsey Brok¢rs Arthur J Gallagher Ensurance Brokers Ltd Catholic Insurance Service 8 Albany Park Suite 5 Cabot Lane Oxford House Poole Thame Oxon Dorset Oxon BH177AZ OX9 2AH Auditors PKF Francis Clark Sigma House Oak View Close Edginswell Park Torquay TQ2 7FF Soli¢i¢ors Tozers LLP Broadwalk Hous¢ Southernhay West Exeter EXI IUA Michelrnores Woodwater House P}￿e5 Hill Exeter EX2 5WK Pa8e l of 40

The Buckra￿ Abbey TNSI eldiii conp7e¢lioKiviili ili¢ reli8ioitstlJthmttrtityofBn¢dl¢ilne hlo#kf establlshedaiSI,Wttry sAbbey. LPt¥kfafi. DevoN) Yeay ended 31 October 2025 Trustees, Report The Trustees present their report for the y¢pr ended 3151 October 2025. Objective$ and Activities Cbarltable Objeets The principal aims of the charity aTe any charitable purpose consisting of or connected with the advancem¢nl of the Rornan Catholic religion, iFL particular'.- The maintenance and support of the religious comrnunity at Buekfast Abbey and those engaged in charitable works. Education or instruction in the teachings of the Roman Catholic Church. and in secular subjects. To provide facilities for t]ie celebration of Divine WoT511ip. To acquire, build and maintain churches, chapels, burial grounds, schools and other buildings connected with the charitable activities. The maintenance and support of priests. teachers and others engaged in charitable WQTk5. The maintenance and support of infirm or elderly persons forn)erly engaged in charitable works. The maintenance and support of the charitable works prornoted or carried by the Buckfast Abbey community. Aims and Intended Impaet To maintain and support the Benedictine Community of Monks at Buckfast Abbey and, by their example and witness, dTaw others who eome into contsci with Buckfast Abbey to a deeper understanding of the RomaTh Catholic Faith and Christian values in a monastic context. It is hoped that this will in5pir¢ more rnen to test their vocation as BenedÉctine monks at Buckfast Abbey. The maintenance and improvement ofthe Abbey Church. buildings and fa¢ilitie5 at Buckfast Abbey, so thatthis historic site can not only be preserved, but improved, for ￿tUre generations to carry on the monastic traditions and welcotne the many thousands of interested visitors so that they may be inspired by the Roman Catholi¢ vision as manifest at Buckfast Abbey. Objective5 for the Year To Continue the publi¢ daily celebration of the Mass, Divine Office according to the rites ofthe Roman Catholic Churth and provide pastoral ministry in parishes served by monks of the Abbey. To advance the educational and training opportunitie5 available at the Abbey's Education Department, Parish SchooL conference centre and guest a¢¢ommodati(Trn, and for the launeh of the Buckfast Institute- A Roman Catholic Higher Education faculty. Strategies To continue and promote the agewold monastic tradition5 in ar¢oTdanc¢ whih the Rule of St Benedict which prescribes a life of prayer, work and study bound by the Benedictine vows of stability, 'conv¢rsatio monun, and obedience. To this end an exhibition has been developed, to interpret the 'Rul¢'. T(Tr obtain professional advice and formulate designs to protect and improve the many building5 under the stewardship of the Trust. To use ihe reserve5 and inco]ne of the Trust in a structtwed way, to achieve the long-term improv¢m¢nts and interpretation of these buildings. Page 2 of 40

The Bu¢kfast Abbey Trust IHeldin ¢onMe¢l￿11yI1ltl1Je ttligi##sc0mJJt￿lty tr/BenEdi¢irne AlofvkFeslublishvdoiSi JVory'sAbbey. Devon) Y¢ar ended 31* OLtobeT 2025 Trustees, Report Objeclives andAeiivilies (eoAiinued) To coordinate the use of the education centre, conference and accommodation facilities to provide b¢n¢ficial educational experienc¢5 to visiting groups. Principal ActÉYities, Af hievemettts and Performance The Charity has continued with its primary aim to maintain and 5UPPOrt the Benedictine Community of Monks at Bu¢kfa5t Abbey. The monastic community at Buckfast continues the long-established monastic traditions in accordance with the rule of St Benedict. Over the year, many thousands of people have witnessed, and taken part in, the public services. which are celebrated daily. Details of the services are given in the infomiation leaflets or are available on the regularly updated Buckfast Abbey Web Site (www.buckfast.org.uk). In addition to public daily celebration of the divine office according to the rites of the Roman Catholic Church, the monks of Buckfast have continued to engage in charitable actLVlties. These range frorn work as parish priest5, tru5tee51governors of other charities, to the support of the tnany activities at Buckfast Abbey. The Charity fi]rthered its objectives of teaching and instruction, training and educating rnonk5. P05tulants test their vocations and receive instruction in the Noviciate. The Charity's education objectives were continued by provjding and maintaining the local village primary school. Education at primary and secondary level is provided by the award-winning education service. Many thousands of school pups5s from around the country use this service, which includes teacl)ing packs, information and curriculum-ba5ed projeets in the Activity Centre. The pupils vislting the Abbey have the opportunity to meet with members of the monasti¢ community and hear fJTSt-hand, the committnent that joining a monastic community entails. The Abbey's Conference Centre ts used to provide facilitie5 for tertiary edueation, as well as providing facilities for meetings and conferen¢es on secular subjects. The peacefvl surroundings and monastic ambian¢e of the conference ntre ha5 made it a venue particularly appreciated by ihose groups who give instruction on social and emotional issues. The thousands of visitors have the opportunity to visit the Monastic Way Exhibition (a multin)edia experience). which aims to infom) them of the history and values olBenedictine Monasticism. The Monastic Community continues to donate their work to the Trust. Although not reflected in the accounts, their effort is considerable. ranging from being infimarian. sacristan, guest-ma5ter. church guides, parish priests and many other unseen works without which the Abbey would not function. Other volunteers include parish meeters and greeters, flower arrangers, Altar servers and reader5. To all who give their services freely, the T￿sttts are most gratefvl. The average age of die rnembers of the Community continues Éo increase and accordingly more demands are placed on those who care and support the inf]rm and elderly. Fr Francis in his role as parish priest has visited the sick and dying in the parishes and provided Tllost needed spiritual 5UPPOrt. Fr Abbot has corresponded with the hundreds of requests from those who want masses said for the sick and deceased, from all over the world. The rnaintenance and improvement costs of the Abbey chU￿h and monasti¢ pre¢in¢t, together with other buildings connected with the charitsble activities and chapels at Ashburton. South Brent and Bu¢kf3stleigh Continues to ¢on5titute a large proportion of the charitable expenditure. This expendiiure has improved the historic site at Buckfast. much of which is listed. and parts of which have the staths of an Ancient Monument. Page 3 of 40

The Buckfast Abbey Trust (Htldiii conneciioii iviili ihe reli8loiiSCOtttMwiityoJBenedi¢iineMonknesiob115hedaiSi J¥lary 5Abbey. BIKVasi. DevoN) Year ¢nded 3 O¢lob¢r 2025 Trustees, Report Objectives and Aetiyities (eontillthed) Prineipal Aetiyities, Achievements and Ptrformathce (ct)ntinued) In accordance with the Rule of St Betjedict, the Trust ha5 continued its ernphasis on hospitality to guests and visitors. The Abbey has a number of retreat facilities Wlthin the precinct, including: Southgate Retreat CentTe- the Monastery Retreat House; St Petroc's Retreai House, Northgate House Hotel and residential house5. These accommodation buildings are primarily for continued outreach, providing facilities for relibFious retreats, quiet days and residential activities. The facilities have given many people the QpportL￿1ty to partscipate in monastic worship and to ¢xperien¢e tlie religiou5 tranquillity of Buckfast Abbey. Brother Daniel. as the Monasti¢ Guest-master, received the men who wanted to experience monastic life into the Monastery Retreat House and gave refreshment to the wayfarers who ame to Bu¢kfast. As will be seen from note 18. the Charity has decided to use some of its income reserves to help support projects carried out by other Communiti￿ of monks and nuns. As well as help and advice. fjnancial support has been given in the forni of loans and purchase of propety to assist in the f￿ancIng of their charitable projects. The projects supported assist the principal objective of advancing the Roman Catholic religion, and are therefore ternied 'Progrdmme Related Invest￿entS,. Th¢ Charity has also given Considerable help to other charities in the English Benedictine Congregation. Fr Francis has acted as Congregational Bursar for the English Benedictine Congregation, assisting other Abbtys with their f]nan¢ial affairs. Abbot David acted as Chair of the Trustees to Oulion Abbey, assisling it to continue its work of eare for the sick, and fjnancial support and assistance was given to other houses in the congregation. The Trust's wholly owned trading subsidiary company (Dart Abbey Enterprises Ltd) not only trades to rais¢ fimds for the Trust, but also assists in the delivery of some of the ¢haritabS¢ a¢tiviti¢s. The Visitor Wel¢ome C¢ntre retai15 religious iterns, edu¢ational materials and actively 5UPPOrt other monast¢ries and ¢onvents by s¢lling th¢iT produce. Th¢ GTange RestauTant provides a hospitable welcome and sUStenan¢¢ to the guests of the Abbey, b¢ they visitors. or pilgrims. The Visitor Welcome Centre and Visitor Experience staff provide infomiation for the hundreds of thousands of visitors who arrive at Buckfast Abbey each year. This facility together with the Monasti¢ Way Exhibition not only educates the visitor about the history and Cu￿ent activities of the monastery but also gives an insight into the religious life at Buckfast. Buckfast Tonic Wine is produced by the monks through Dart Abbey Enterprises Ltd. The Wine is sourced, bottled and distributed by J Chandler & Co (Buckfast) Ltd. and the Buckfast Abbey Trust receives a royalty for each litre sold. This has proved to be a valuable source of revenue for the charity. and enabled it to conserve the Abbey and allow the Trustees to advance its charitable objeetives. Public Benefit The Trustees confimi that they have referred tr> the Charity Commission's guidance on public benefit when reviewing Ihe Trust's aims and objectives. and in planning funjre activities. The Review of i¢tiviti¢s above ¢l¢arly demonstr¥i¢$ the publi¢ benefit of the work of Bu¢kfast Abbey Trust. Th¢ fa¢ilitie5 that th¢ Trusi has to offer are particularly targeted at the furtherance of the Roman Catholic Religion. but are also freely available to all who want to visit. regardless of their fmancial means. It is estimated that over 282.000 people benefited from a visit to the church and precincL and severdl thousands of people attended services in the Abbey Church. A review of these amenities at Buckfast continues with an eye to improving them for the benefit of visitors in the future. There are no enty fees to the precinct or church. no car park fee5 and guests can stay free of charge in the various retreat locations. although donations from guests are accepted. Where charges are levied, by the Trading Company forconference& meals in the Grange Restaurant, stsys 2tNorthgate House Hotel and purchases in th¢ retsil outlet% these airn at being value for money. Ènd not tts generate excessive PTofits. Page 4 of 40

Th¢ Bu¢kfa5t Abbey Trust 1Hg1d￿ iviili rEligiOii$ ¢OthnJttniryofBeMdKiitteMonksesiablishedaf& Jv¢￿ sAbb¥y. BMtAf¢LtF. DeVt)h) Year ended 3 October 2025 Trustees, Report Financial Review The accounts disclose net income of £1.044,621 (2024- expenditure of £{539,987)). This is inclusive of net gains on investments of £1,965,735 (2024- net gains on investments of £254,594). The main sources of revenue continue to be income from investhients, property and royalties. The Charsty is seeking to balance the demands of the present whilst ensuTing a sound financial future. To this end substantial fund5 have been spent this year on repairs. maintenance and improv¢rnents of the buildings, grounds. plant and equiplnent within the Abbey precinct. Focus has continued on Health and Safety ¢ompliance, with fire precautions and acc¢ss for th05e with disabilitie5. These current tll8intenance demands are likely to grow, given the size and age of the building5 in the complex. The malljtenance and support of the community of monk5 at Bu¢kfa5t Abbey 15 the primary obj¢¢tive of the Charity, and the inve5tTnent income from the portfolio of investments should provid¢ a large proportion of this support in the year5 to Come. The Charity's trading company. Dart Abbey Entery)rise5 Ltd had decreased trading loss before taxation of £(2.807,506) in 2024 to a loss of £(1.022.730) in 2025. During the year £Nil (2024.. £NtL) has been'Gift Aided, to the Trust. Details are given in note 6. During 2025. the group withdrew investments to enable a bank102n of £3,312,500 to be repaid. In the light of losses incurred in 2023 the Charity now take5 a more eautious investhienl approach. using rigorous rinaneial eontrols and contract law to ensure that payments made to a ¢ontractor are reaching subcontractors performing the work on site. The Contractor's financial stability will be closely monilored and reviews of the contraetor's costs to colnplete are professionally assessed by a third party. Frotn the balance sheet it remains clear that the fjnancial position of the Charity is sound, and the charity will continue to be managed so that it fulfils its eharitable objeetives in future years. The Trustees have reviewed the principal risks and uncertainties facing the Charity and its subsidiary. They believe thatthese are adequately controlled or insured against. The investsnent reserves also provide a buffer for any unforeseen fa¢tor5 which may affect the fjnancial perfortnanee going fojward. Reserves Policy The Trustees consider that the long-term nature of the Trusl's eharitable objectives requires that it retain some of its surplus income as reserves. These reserves are ne(%ssary to secure the ￿tUre ability of the Charity to support the religious community at Buckfast. and to maintain and improve the buildings and plant that make up the Buckfa5t Abbey Precinct. See noie 23 to the f￿ancial statements for further infomiaiion. This note also identifies the restricted and designated elements including amounts of funds that can only be realised by disposing of tangible fLxed assets or prograrnme related investments. Pag¢ 5 of 40

The Buckfost Abbey Trust (Heldimeoniiecrion wlrli tlie rel@IoiL¢OMPilinityoJB¢nediciine hlonksesiobliJhedaiSi Jvary sAbbey, BIKkl(Lri. Dev(Jn) Year ended 31# October 2025 Trustees, Report Financial Review {¢ontiDued) The endowment and restricted fi￿dS of the Charity conslst of funds used to erect buildings in the Pernianent Endowment area and unexpended balance5 on donations held on trusts for specific purposes. For further information see note 23 to the financial statements. Investment Policy and Objectives The investment policy is to maximise the total investment return, within a controlled risk fratnewoik and io seek to achieve a total return which is in accordan¢e with an agreed expected t(Trtal retum. The eurrent investment manager UBS AG. have been set the task of achieving this return within an agreed ethical policy. Ethical considerations fom) an integral part of the Trust's investsnent management pro¢ess in keeping with its Christian witness and values. This has led to the development of an ethical investment policy as follows.. To not knowingly invest in those ¢ompanies whose tt￿n0Ver in unethical operations exceeds 50/( of group tumover. Companies with unethi¢al operations are deemed to be those that.. Invest in hospitals I clinics providing abortion or ¢thhanasia as a major role. Exploit the labour force in such a way that is unjustifiable in th¢ light of local circumstances. Exploit vulnerable 8roups. Specifically, involvement in the production of tobacco or in the provision of online gambling facilities would preclude investment in the Company,. Have operations in areas of oppressive regimes where these operations ￿￿trIbute io the oppressive trdNre of these regimes. Have the manufacture or sale of ann￿WeapOnS as a core activity. Specifically, involvement in the manufacture of anti-personnel mines; Ar¢ involved in wmography or obscenity. Due regard shall also be given to environmental concerns. The investment powers of the Charity are not r¢striot¢d by the Trll3tee Act 2000. Future Plans The long-tenn nature of the Trust Tneans that deeisions must not be nkshed to deal with the short-tenn problems, but rather, to adopt th¢ long-t¢rm goa]s a5 set out in the rule of St Benedict. The short-terni ￿t￿re plans are set out in the objective5 for the year ¢arli¢r in thi5 report, but the mediumllong term plan will be considered as a pro¢es5 of discernment by the Trustees and Community of Buckfast Abbey. Under the chairrnanship of Fr AbboL the trustees are considering how best to achieve the charitable obje¢tlV¢5 of the trust given the historic a￿ets, traditions, value5 and improved f￿anceS that have been inherited from the stewardship of current and earlier generations of trnstees and monks of Buckfast Abbey. Page 6 of 40

ThE Buckfasi Abbey Trust (Heldinconngciiow willi ihe religigm5wmwiivitygJBenyLli¢tinE Mohkt ¢mubli$heddiSEJ4tsiy sAb&ey, B*ckfatr. Devon) y¢￿ ¢ndcd 31M O¢iob¢r2025 Trustees, Report Strueture, Goverttatsee alld Mana¥ement Governing DoCU￿ent The Buckfast Abbey Trust is a charitable trust establi%hed by a Trust Deed dated 28 October 1950. This trust deed incorporated the conststutions of the English Benedictine Congregation into its Govemance. Trustee appointment and Organisation The Buckfast Abbey Trust is held in common with the religious community of Benedictine Monks established at St Mary's Abbey. Buckfast. Devon. The Superior of the ComTnunity is ex-officio a Trustee and Chairman of the Trust. On 9 April 2023. the Right Rev. Dom. David Charle5WQrth was elected Abbot of Buckf2St and Superior to the Buckfast Abbey Community. The Monk Trustees are members of the English Benedictine, Coiigregation and are appointed by the Superior. Regular meetlljgs are held by the Twstees and including. where appropriate, the whole Monastic Chapter. Decisions are made in accordance with the Trust Deed and the Constitutions of the English Benedictine Congregation. Philip ArkTrvright (Chief Executive Officer) manages the day-to-day activities of the Trust, and reports to the Trustees. Training Trustees and Officers The principal aim of the charity is the advancement of the Roman Catholic religion. All Trustees are Roman Catholic, with the majority being Benedictffte Monks. who began their religious life with many years of training in Scripture, the teaching% of the Rolnan Catholic Church, as well as the Rule of St Benedict and the traditions and history of the Benedictine Order. On appointment, each tnjstee is given the Charity Commission Booklet 'Responsibilities of Clwity Trustees,. Group Structsre and Relationships The Charity has a wholly owned non-charitable subsidiary, Dart Abbey Enterprises Limited (DAEL). whose activities and trading perfomiance are discussed al￿Ve. The Charity has a IOOQ/o interest in Dart Abbey Glastonbury Limited. DAEL is a member of An5teys Cove Development LLP and is entitled to 50% of any profit share arising. Further details can be found in note 16 to the finan¢i31 statements. DAEL own% Dart Abbey Development Limited (DADL) which itself is a lo￿/0 shareholder of Dart Abbey Poole Litnited. DAEL is a member of St Dominic's H(Truse Development LLP and is entitled to 500/0 of any profit share arising (Further details can be found in note 16 to the financial statements). The Charity is also affiliated to the English Benedictine Congregation and to other Tnonastie eharities and not for profit organisations in England and the USA. The Charity has an interest in the equity share capitsl of J. Chandler & Co. (Bu¢kfast) Lirnited. This private limited ¢ornpany (which bottles and distributes'BuckfastTonic Winefm,) continued its operations andeontributes significantly to the incolne of the Charity, thus enabling much of the charitable and maintenance work at Buckfast Abbey to be continued. Further details can be found in note IS to the financial statements. Risk Management The Trustees have examined the major strdtegic. business and operatiot￿l risks which the charity faces. This involved identifying the types of risk5 the charity fa¢es. prioritising them in ternis of potential iMp￿t and likelihood of occurrence, and identifying means of mitigating the ri5k5. Th¢ Trust has continued to develop its policies and procedures to reduce risks. and train all personnel as appropriate. The Safeguarding sU￿cOMMittee has continued to develop children. youn8 persons and vulnerable adults protection policies and procedures. A Health Safety and Welfare Management system has been created. The Safeguarding Sub-C(Trmmittee. the Health & Safety SubQommittee and the Heads of Department monthly meeting all seek to reduce risks to the Charity, its ¢mployees, its beneficiaries and its visitors and guests. Page 7 of40

The Buckfast Abbey Trust (Heldln comiectlOK witrli the reli8loiLf comMwnityoJBenedicNne Mopks etsobli5hvd4TiSrJVary iAbbey. B￿k￿￿t. DevOiJJ Year c￿ed 31# Octobci2025 Trustee5' Report Stru¢lure, GoveTDance and MaRagemellt {colltiDued) Inve5tm¢nt risk exists given th¢ subsidiaries and Joint Ventures held by the group. The risk with PTop¢ty development is that sales value will not exceed the cost of construetion. Such risk% aTe managed through review by the Finan¢e Committee. Further mitigation ¢Om¢s from employing a Project Director with sector experience. SafeguardiTrg The Trustees give the safety of young peopl¢ and vulnerable adults high priority, and Buckfast Abbey has a Safeguarding Sub-committee of Trustees, which sits on behalf of th¢ ¢ommunities of Buckfast Abbey and St Gregory the GreaL and includes independent professional memb¢rs. Br Dani¢l Smyth had the role of Safeguarding lead for Buckfagt Abbey during iht year. with Fr James Hood being the lead and Trust¢¢ rnetnber for the Community of St Gregory the Great. The independent chaffir of the Commission is Mr Paul NorthcotL and th¢ Abby'5 Cts-ordinatoi is Mr Andy King%. Refertnce and Administrative Informatio The Charity is registered with the Charity Commission under the registration number 232497 {En8land and Wales). Details of the Charity'5 Trustees, Pr￿cipal offL¢ers, principal office and professional advis¢rs ar¢ given on page l. Statement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Report and th¢ financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity, and of th¢ incoming resources and application of resour￿5 of the charity for that period. In preparing these fjnancial statements, th¢ trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and prin¢iple5 in th¢ ¢hari¢i¢s SORP. make judgements and ¢5tim*e5 that are reasonable and prndent. $tate wh¢th¢r applicable accounting standards have been followed. subject to any material departures di5elosed and explained in the fmancial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in busine5S. The T￿￿tte$ are responsible for keeping proper accounting reeords that disclose with reasonable accura￿ at any time the fmancial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the applicable Charities (Accounts and Reports) Regulations and the piovisions of the trust deed. They are also responsible for safeguarding the ossets of the charity and hence for takitlg reasonable steps for the preverttion and detection of fraud and other I￿¢gularitieS. P4¢8of40

The BuckfDSt Abbey Tnjst (Helditt coMe¢tioii witrli the religioiLf ¢¢lmtttitKityolBetrKdtciinehknks esiablishedoi&,Wary sAb&ey. BIKkfiLr£ Dewn) Year ended 31X October 2025 Trustees, Report Stru¢ture, Gov¢Tnance #nd MaDagement (contlDlled) Complian¢¢ wi¢h ihe Charity's governing documeDt and turrettt statutory req￿ireMellts The financial statements have been prepared in accordance with the governing dwument of the Charity, current stattjtory requirelnents and The Charities SORP (FRS 102).. Accounting and Reporting by Charitie5.' StateTnent of Recommended Prdctiee applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republie of Ireland effective l January 2019. Signed on behalf of the Trustees Secrets o the Trust Page 9 of 40

The Ilu¢kfasi Abbey Trust (Held￿ compeciioii iviili ihe relt¥tOi&f COmPitliiityoJBe#edKiine MonbesiabliJhedaiSi Jvary sAbbey, BIKk/asi. Devon) Year ended 31ll Octobei 2025 Independent Auditor's Report to the Trustees of the Buekfast Abbey Trust We have audited the financial statements of The Buckfast Abbey Trust (the 'Group') for the yeaF ended 31 October 2025 which comprise the Consolidated Statement of Financial Activitie5, the Charity Statement of Financial Activities the Group and Charity Balance Sheets. the Consolidated Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The fu)ancial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards comprising Charities SOiiP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and appli¢abl¢ law (United Kingdom G¢nerally Accepted Accounting Practice). In our opinion the financial statelnents.. give a true and fair view of the state of the charity and the group affairs as at 31 October 2025 and of the group's incomin8 resources and application of resources, includin8 its income and expenditure, for the year then ended. . have been properly prepared in accordance with United Kingdorn Generally Accepted Accounting Pradice- and have been prepared in accordance with the requir¢￿entS of the Charities Act 2011. Ba515 for opillio We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are fiuther described in the Auditor's responsibilities for the audit of the group fll)ancial statements section of our report. We are independent of both the group and the charity in accordance with the ethical requirements that are relevant to our audit of ihe fmancial statements in the UK. including the FRC'S Ethieal Standard, and we have fulfilled our other ethical responsibilities in actoidance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to goiDg toncern In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the workwe have perfornied, we have not identified any material uncertainties relating to events or conditions that, individually or eollectively, may cast significant doubt on the group and charity's ability to continue as a going coneem for a period of at IL¥St twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibililies of the trustees with respect to goino concern are described in the relevant sections of this r¢port. Other inform*ti•tt The trustees are responsible for the other infom)ation. The other infomiation comprises the infomiation included in the annual reFx)rL other than the fmancial statements and our auditor's report thereon. Our opinion on the group f￿anCial statements does not cover the other infomiation and, except io the extent otherwise explicitly stated in our repor¢ we do not express any forni of assurance conclusion thereon. In connection with our audit of the group financial ststements. our responsibility 15 to read the other tnforn]ation and. in doing so. consider whetherthe other infomation is materially inconsistent with the group financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemine whether there is a material misststement in the group financial statement% or a material misstatement of the other intornjation. Sf, based on the work we have perforrned, we conclude that there is & material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard. Page 10 of 4

The Bu¢kf2st Abbey Trust (Heldiii conneciioii ivirli ili¥ reli¥iotiSCOmMtwiityoJBentdKiiwt fv1omknesmbli￿edUI ￿ Jvory sAbbey. Bttckfvsi. Devort) Yearended }[￿ October 2025 Independent Auditor's Report to the Trustees of the Buckfast Abbey Trust Matters on whicb we are required to report by exceptio In the light of our knowledge and understanding of the charity and its environment obiained in the COUTS¢ of the audit. we have not identified material misststements in the Trustees, Annual Report. We have nothing to report in respect of the following matters where the Charities Aci 2011 requires us to report to you if, in our opinion". adequate aCcoUnt￿g records have not been kept. or . the fthancial statements are not in agreement with the accounting re¢oTds and returns- or • certain disclosures of tn]stees remuneration Specified by law are not made; or we have not received all the inforn)ation and explanations w¢ require for our audit. Responsibilities of trustees As explained more ￿]lY in the trustees. responsibilities Statement set out on page 8, the t￿￿tteS responsible for the preparation of the group fll)ancial statements and for being satisfied that they give a true and fair view, and for Such internal control as the trustees detemine is necessary to enable the preparation of group fJnan¢ial statements that are free from material misstatement. whether due to fraud or error. In preparing the fmancial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, ￿ applicable, matters related to goin8 concern and using the going concern basis of accounting unless the trustees eithei intend to liquidate the charity or to cease operations, or have no realistic alternative bui to do so. Auditor's respfrnsibilities for tbe audit of the finallci*I statements Our objeotiY¢5 are to obtain reasonable assuran¢¢ about wh¢th¢r the financial stateTnents as a whole are free frotn material misstatement. whether due to fraud or error. and to issue an auditor's T¢POrt that include5 our opinion. Reasonable assurance is a high level of assurance, but is not a guar8ntee that an audit conducted in accordance with ISAS (UK) will always detect a material rnisstatement when it exists. Misstatements can arise from fraud or ¢Tror and are considered material if. individually or in the aggregate. they could reasonably be expected to influen¢ethe e¢onomi¢ decisions of users taken on the basis of these financial statements. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent to whieh our procedures are capable of detecting irregularities, includtng fraud is detailed below-. As part of our audit planning we obtained an understanding of the legal and regulatory ftamework that is applicable to the Charity and the seetor in which it operates to identify the key laws and regulations affecting the Charity. The key regulations we identified were Safeguarding legislation and standards set by the National Catholie Safeguarding Colnmigsson, Health & Safety regulations, The General Data Proteetion Regulation {GDPRI and Charity Commission requiretnents. We also considered those laws and regulations that have a direet i]npaet on the preparation of the fmaneial StateTnents, prirnarily ihe Charities Act and the Charities SORP. W¢ diseussed with management how the cornpliance with these laws and regulaiions is monitored and discussed policies and procedures in place. We also identified the individuals who have responsibility for ensuring thatthe Charity complies with laws and regulations and deals with reporting any issue5 if they arise. As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the Charity's ability to continue its activities and the risk of material misstatement to the accounts. Based on this understanding we designed our audit procedures to identify non•eompliance with such laws and regulations. Our procedures involved the following: . Enquiries of rnanagem¢nt and iho5¢ charged with govemanee regarding their knowledge of any non•compliance with laws and regulations by the charity that Could affect the finaD¢ial statern¢nt5' Page I l of 40

The Bu¢kfasi Abbey TtU51 leldiji (ooff¥rii4)n If1￿$he reli&&￿¢0￿JjIk￿lty0ABe*￿lC1fj￿e iAb&ey. B[￿kA￿lI. Dev￿1) Year ended 31A October 2025 As part of these enquiries we also di5CU55ed with managern¢nt whether there have been any known instances, allegations or suspicions of fraud. Reviewed filings with the Charity Commission and enquired with management whether there were any Serious Incident Reports made during the year or since the ye#T end. Reviewed legal and professional costs to identify any possible non cornpliance or legal ¢05ts in respect of non eoTnpliance' * Reviewed Board minutes. Audited the risk of management override of controls. including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the nomial eourse of business.. Reviewed estimates and judgeinents made in the accounts for any indication of bias and challenged assumptions used by management in making the estimates. Because of the inherent limitations of an audit, there is a risk that we will not detect all l￿egUlarLtieS, including those leading to a material misstalement in the financial ststements. The risk of not detecting a material m15Statetnent due to fraud is higher than the risk of not detecting one resulting from error. ￿ fraud may involve deliberate omissions, tollusion, forgery, tnisrepresentations. or the oyerride of intemal contro15. We are also less likely to become aware of instsnces of non-cornpliance with laws and regulations that are not closely related to events and transactions ref]ected in the financial stat¢rn¢nts. Use of our report This report is made solely to the Charity's trustees. as a body. tn accordance with seciion 144 of the Charitie5 Act 2011 and the regulations made under section 154 of that Act. Our audit woik has been undertak¢n w that we might state to the Charity's trustee5 those TnatteTS we are required to state to them in an auditor's report and for no other puTrose. To the ￿lIest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity's trustees as a body. for our audit work. for thi5 report. or for the opinions we have fomied. ptyfr a.-, PKF Francis Clark. Statutory Auditor Sigma House Oak View Close Edginswell Park Torquay Devon TQ2 7FF Dats.. 25 August 2026 PKF Francu Clark is eligiblefor appointment as audilor of the Gharity by virlue of ils eligibilityfor appoiniment as audilor ofa company l￿der section 1212 Of1￿ Companies Act 20QO. Page 12 of 40

Th¢ Buckla￿ Abbey Trust leldin ¢lllhlilllttyoJB¢NedtcFirte MonknE5tsblished4riSi Jvory sAbbEy. BiK¥ixJi. D¢wn) Year end¢d 31* O¢tot¢r 2025 Consolidated Statement of FinanciAI Activities Unrestricted Fund5 Restricted Funds EndowmeDt Funds 2025 2024 Tot#1 Furtds Total FU￿d5 Notes Income and endowments from-. Donations and legacLe5 337.188 337,188 283,970 Charitable activiti 431273 431.273 406.463 Othcr tradin8 a¢iivities 8.976,668 8,976.668 5,721.575 Invc5tm¢nts 556.144 2,145 558,289 586,773 Other 3,020,134 3,020,134 3,132.058 Associate- share of net profit ,507.162 1,507.162 1,769,559 Joint vtntur¢-5hare of nffl profit Total income 14328,569 2,145 14.830,714 11,900J98 Expenditure on: Raising funds 9,998,763 905 9,999,668 7,421,467 Charitable activitie5 5.751,296 864 5,752.160 5,273.512 Total expenditure Net Itxpenditurellintomt net ¥trneknt ith funds befo￿ gwin5

nd lo$ses iDvestments

Net gains on inv¢5tm¢nts 15,750,059 864 905 IS,751,828 12,694,979 1921,4901 (864) 1,240 1794,5811 13 1.947,795 17,940 1,965.735 254,594 Transf¢rs beiween funds 222,970 (222,970} Net in¢omellexpenditurtl attd tttt movement in funds 1,249,27S 18641 {203,790) 1,044,621 1539,9871 RecontilÈatiotL of fund5- Total futtds brought forward 68,998,903 ,991,571 7,279,046 78.269,520 78,809.507 Total Group Funds 70,248,178 1,99),707 7,07S256 79J14,141 78,269,520 The Charity's results derive from continuing aciiviiies. The noies on pages 17 to 40 form part of the8e accounts. Pag¢ 13 of 40

Th¢ Bu¢kfa5t Abbcy Trusi (Heldiii coniiection relFgioNI Ggmmiiiiiry ofBenediciine HonksesMblisAtdai&Mary sAbbty. Bitc¥rf&i. DEVOh) Year ended 3151 O¢totrÉr 2025 Charity Statement of Financial Activities As reslaled 2024 TotAI Funds Unre$trltted Fund5 Ré$tritted FMnd5 EndowmeDt Funds 2025 TotAI Fujkds Note5 Y4nd endowments from: Donatio￿$ and Ic8acies 337,188 337.188 283.970 Charitable activities 43 1.273 431273 407,147 ItLV¢5tsn¢nts 1.592.865 2,145 1.595.010 1.327,277 Other 3.020.134 3.020.534 3.132,058 Totgl income 5J81.460 2,145 5,383,605 5,150.452 Expenditure on: Raising fund8 103,370 905 I[￿,275 120,792 Charitsble activiti¢s 6,071,384 864 6,072,248 5,351,090 Total èxpeDditurÈ Net in¢omel{expenditurel and ntt movement in funds before gllin5 alld lossts on invtStment$ Nci Ilosses}18ains on investtnents 6.174.754 864 905 6,176,523 5,471,882 1793,2941 18641 1.240 {792,9181 1321,4301 682.853 17,940 700,793 11,871.9611 Tr8nsfeTS between fi]nds 222.970 (222,9701 Net {¢xpenditureyincome and net movement in funds 112,529 1864) {203,790} 192,1251 (2,193,391) Re¢on¢iliation of funds: Total funds brought forward 54,893,684 1,991.571 7,279,046 64,164,301 66,357.692 Total Charity Funds 55,1106213 1,990,707 7,075,256 64,072,176 64,164JOI The ChaTity'5 results derive from continuing 2ciiviiies. The notes on pag¢5 17 to 40 fomi part of these a¢¢ounts. Page 14 of 40

Th¢ Bu¢kfast Abb¢y Trust (Heldin ￿￿￿¢(1[0•j iyitli th ￿1￿¥￿0￿￿¢?￿n7Ynltyo￿BE￿ed[rI[KemOnkFes1QblI￿¥drtI￿￿ttry iAbbey. B￿￿￿1, Devojt) As at 31. october 2025 Charity Cotnmis5KTrn Numb¢r 232497 Balance Sheet A5 re5txted Charity 2024 Group 2025 Gr0￿p 2024 Charity 2025 Notes Fixed #ssÈts.. Tangible assets Investment$ Inve5tm¢nts in associate.. 12 20,715.578 13 28,226,898 21,203.104 27.519.731 20.662.944 29.947,831 21.128,932 29.286,429 ShaTe of net assets 15 18.148,565 17,600,443 Investments in joint ventures: ShaT¢ of net è$s¢ts 16 100,000 67,191.041 loo,000 66,423278 TolY41 fixed a$5ets 50,610,775 50,415,361 Current assets: Sto¢ks 3,674,592 1,335,014 6,694,174 886,383 2.564.744 1S,IS4,907 7.63?.669 ,501,780 6.559.553 162.577 2,442,832 18,299AII 36,313 5.738.753 6.694.174 886,383 942.108 14397.731 27.631 3,755,799 9,559.553 162,577 909,080 14,414,640 Debtors 17 13&18 Progratnme related itJve5ttnent Cash on shon term d¢pDsit Cash at bank and hond Total current ass¢t5 Liabilities: Creditors- Amounts falling due Lvithin one year Iyet current assets 19 3,031.807 6,453.169 836.330 665,700 12,123,100 11,846,242 13,461,401 13,748940 Total a55ets 1¢55 current liabilities Tot#1 kn¢t Asset$ 79,314,141 78,269,520 64,07Z,176 64,164JOI 79,314,J41 78,269320 64,072,176 64,164JOI The fvnd5 ofth¢ ¢h4rity= Endowment fund5 Re51ricied income ￿ndS Unrestricted income ￿ndS Non-charitable trading funds 23 23 7,075,256 1.990.707 23 51,999,613 23 18.248,565 7,279,046 1,991.571 51,298,460 17,700,443 7,075.256 1,990.707 55.006213 7,279,046 1,991,571 54,893,684 Totsl funds 79,314,141 78,269,520 64.072,176 64,164,301 The notes on pagc5 17 to 40 fonn part of these aecounts Approved by the Trustees on 25 August 2026 and signed on their behalf by.. - Trustee D R Charlesworth Trustee R D Smyth PAge IS of 40

The Buckfasi Abbey Tnjst (Held￿ compecrioA iviili ihe ttligioiLf commiinity ofse￿￿lIj?t Monks esrqblishedoiSEiVqry'JAbkv, bu¢¥￿￿1, Dev￿1} Year e￿jed 31# October 2025 Consolidated Statement of Cash Flows 2025 2024 Notes Cish flows from operating aetivitits: Net provided byllu5ed illl opetstittg Activities 25 1,873,780 {2,783?491 Cs5h flow5 from investing Httivities.. Dividends, tntere$t and rent$ fmm invesunents Proceeds from sal¢ of property. plant & equipm¢nt Proc¢¢d$ fro]n sale of listed Ènvestsnents Puichase of propeny. plant & equipm&)t Purchase oFlssted investments 1,032,743 68,802 19.514 {156,820} 586,773 188.255 16234,714 180,6681 {12,676,8211 (250,000) {265.189} 1996,3671 (1,649,136) 466,897 7,578,721 Purchase of Programme related property Investmen¢ in programm¢ r¢laied investhjent loans Additional Inv¢stmeni in Joint Venture Inv¢51rnent in other loan5 Repayments of other loans Withdrawn fiDm listed inv¢sitnent ￿rIf0]I Introduction to listed invesiment portfolio {1,7701 54,418 3.312.550 12,045,(X)o) Net exsh from/{ustd ih) ittvestihg #ttivitits 2.284,437 9.137.174 CAsh now5 from financing activities.. R¢paytn¢nt of bank loatl 27 {3,312,5001 {5,000.0001 Net ¢Ash froml(used inl financing Activities 13,312,500} {5.QQO,0001 Change ill ea5h &nd cash equivxlents in the ytir Cash and equivalent5 at thc beginning of the year Cwsh and cash equiyalents at the end of the yeAr 845.718 2,605,409 1,3i3,825 ,251.584 26 3.451,127 2,605.409 The notes on pages 17 to 40 form p¥rt of these accounts Pagc 16 of 40

The Buckfast Abbey Trust (Heldi# connectioii wilh ihe ￿lIgIO￿se0￿￿ItIiI1[V ofBenediciineMdnkFesiabllshedoiS1￿￿ry iAbbey. BI￿￿￿1. Dev￿1) Year ¢nd¢d 31K October 2025 Notes to the accounts Accounting Policies The principal accounting policies adopted, judgernents andkey sourees of e5timktion uncertainty in iheprepardtion of the aecounts are set out below. 4) Basis of Preparatio These accounts have been prepared under the historical cost Convention except to the extent that fair values have been applied where indicated below. The financial staternents have been prepared in accordance with the Charities SORP (FRS 102} (effective l January 2019}, FRS102 and the Charities Act 2011. There are no material departures from FRS102 except as indicated below. The Trust constitutes a public benefit entity as defined by FRSIO2. The Trustee5 Consider that there are no material uncertainties about the Trust's ability to continue as a going concern. The Charity has significant investments that could be realised should this becorne necessary to fund its day to day activiti¢s. b) Basis of Consolidation The financial statements consolidate the activities of the Charity and its subsidiaries on a line by line basis. The results of the associate and joint ventures are recognised in the group accounts using the equity method. c) Critical Aeeountlng Estimates and Areas of Judgement Preparation of th¢ a¢¢ounts requir¢s the Truste¢s and managem¢nt to make significant judgem¢nts and estimates. The iterns in the accounts where estimates have b¢en mad¢ include.. i) Estimating the fasr values of programme related investment propertie5' li) Detemiining the value of designated ￿ndS needed at the year end to meet specific fvture eXpendI￿re. iii) The consolidated financial statements incorporate the financial statements of the charity. its subsidiary undertakings and joint venwres. Wholly owned subsidiary DAEL held l OO/¢ of the shares in Dart Abbey Developments Limited (DADL) at the year end and the result5 of the company are consolidated in fijll. DADL held 100 /D of the shares irl Dart Abbey Poole Limited (DAPL) at the year end, and the results of DAPL are consolidated in full. DAEL'S investment in An5teys Cove Developtnent LLP (ACDLI and St Dominic's House Development LLP are accounted for as joint ventures under the equity rnethod. ACDL prepares financial statements to 30 September. The Charity held IOOQ/o of the shares in Dart Abbey Glastonbury Limited at the year end, and the results are consolidated in fi]11. The items in the accounts where judgements have been made include.. i) Estitnating the cost of the functional fjxed assets. including land and buildings. progrdmrne related propertl¢S and individual works of art. historic treasures and plate where original cost details were not ayailable" ii) Judging that the figures used for the recognition in the group accounts of J. Chandler & Co. {Bu¢kfast} Limited should be based on its most recent audited accounts to 3 Isi March 2025. d) FuDd Aceounting i) The charity'5 generdl fi￿dS consist of fi￿dS which the charity may use for its charitable purposes at its discretion. ii) The ¢harity has designated certain funds for specifi¢ purposes. The Trustees have decided that setting aside funds in this way is a useful financial discipline which will help the charity make th¢ best use of its resou￿¢& even though there is no legal force for the designation. iii) The charity has a number of endowment and restricted income fi￿ds. Psg¢ 17 of 40

Th¢ Buckfast Abbey Trusi fHeldiFT cpwig¢li¢w iviili ilie ryligiowscomtttimity ofBtned1¢iineMonks￿labIlSh¢d¢l￿thry,5Ahb￿y. BurkI￿1. Devon) Year ended 3111 O¢tob¢r 2025 Not&8 to the accounts l Aeeounting Polacies (£ontinued) iv) The tvdture and purpose of endowment. restricted and designated fimd is explained in note 23. e) IDcome Recognition Income is recognised in the period in which the charity andlor group has entitlement to the income, the amount of income can be measured reliably and it is probable that the incorne will be received. Income comprises donations and legacies, income frorn the commercial trading activities of the trading subsidiary. other subsidiaries, associate and joint ventures, investment in¢ome and interest r￿e1vable. income from charitable aetivities, and other inc(Trme including royalty income. Revenue from property developments is recognised based on ¢ompl¢tion of property 5ale5. Donations and legacies i) Voluntary income is recognised as soon as entitlernent is established and it is capable of being measured in fll)an¢ial ternis and receipt is considered probable. For legacies, this is the earlier of the charity being notified that probate has been granted and an estimate of the charity's entitlement, notification of an impending distribution or the legacy be]n8 received. Donation5 given for restricted purpos¢ ar¢ includ¢d within restricted nds. ii) Donations under gift asd together with the a55ociat¢d income tax recoyery are credited to income when the gifted amount is received. iii)Gifts In kind are included at valualion and recognised as income a5 soon as they are distributed to the Charity. Other Trading Activities Incom¢ Consolidated results include income of the trading subsidiaries and joint ventUTes. Investment Income Dividends are credited to the Statement of Finaneial Activitie5 according to the date the securities are de¢lared ex-div on an accn)als basis. Gift aid and rent from the SILbsidiary is credited when it 15 due. Charitable Activitie5 Income The charity runs a retreat centre and educational activities. Incom¢ and fees from these servi¢e5 are credited to the Ststernent of Fhnancial ActlVLties as they fall due. Other Incorne This primarily Consists of royaltie5 which are credited on an accruals basis. ExpeDditure Liabilities are recognised as expenditure as 509n as there is a legal or consttuctive obligation committing the group an￿Or charity to make a payment to a third party. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is ccounted for on an ac¢Tuals basis, inclusive of irrecoverable Value Added Tax. Expenditure comprises direct eosts and support costs not directly attributed to particular expenditure headings they have been allocated io activitie5 based on a reasonable estimate of consumption. Grants payable ate Charged in the year when the offer is authorised and conveyed. Page 18 of 40

The Buckfa# Abbey TnJ51 {Heldin ¢onJiediOn iviih ilie fel¥soNSeètRrn￿lty0JheP1edlc1Illt xlonkfeJ￿bli$h¢￿tt1SI Jvary sAbbey, BIKkfasi. Dswn) Yearended 31A Octobei 2025 Notes to the aceounts l Accounting Polieies (eontinued) Raising funds expenditure includes the trading subsidiary's costs. Charitable activities costs include ¢xpen5es relating to the retreat centre, educational activities, parish and ministry activities. charitsble giving. property aintenance costs and religious community SUPPOrt costs. Support costs include office salaries. goveman¢e Costs and oiher administration ¢o5ts and they have been allocated to activities on the basis of usage. Govemance costs include audit fees. office salaries and ¢os¢s asso¢iat¢d with trustees ]neetings and with preparation of the Statutory accounts. g) Fixed Assets and Depreciation Freehold Land and Buildings i) Pernianent Endowlnent Land and Buildings The Trust Deed of the Charity provides that certain land and buildings be retsined as a Pernianent Endowment and the income only therwf be applied for the charitsble purposes of the Trust. These lands and buildings omprise all that Monastery and Abbey Church known as St Mary's Abbey, BuckfasL with its ancillary building5 and demesne together with the Convent known as Si Mary's Convent and the Parish School known a5 St Mary's School and also the ¢ottage known as Northgate CottAge. In accordance with SORP FRS102, these land and buildings are unique in temis of their Teligiou5 and historical signifieanee. As such, conventional Yalu21ion t¢¢hniques cannot be applied and these assets have (herefore not been valued in the accounts. Further inforn)ation regarding these assets is ayailable on th¢ charity's website {www.buckfasi.org.uk} and in its guidebooks. li) Buildings erected on Pemanent Endowment Land Some buildings have been erected on Pemianent Endowment Land. These buildings. although not Pernianent Endowment in thernselves, are restricted in that they cannot easily be 501d. Such buildings are included in the accounts at the original cost of construction. Buildings. which were in use at 3 1st October 2025, are depr￿lated at rates caleulated to write off their cost over the whole of their anticipated useful life. iii)Other Fundional Land and Buildings Land Functional land is included in the accounts al original c()sl or where this is not available at an estimate of its histOTi¢ Cost (OT in the case of donated land, at its fair value at the date of receipt). Freehold land is not depreciated because it has an indefinitely long us¢ful lifr. Buildings Functional buildings which are still in use by the Charity are included in the accounts at original cost or wher¢ this is not available at an estimate of their historic cost (or in the case of donated buildings, at an estimate of their fair value at the date of receipt). All new functional buildings, improvements and major renovations are capitalised at the cost of construction including professional fees. Buildings, which were in use at 31, October 2025, are depreciated at rates calculated to write off their historic cost {less the residual value) evenly over the whole of their useful life. iv) Properties occupied by Group Undertakings In aecordance with SORP (FRS1021 the Charity has chosen not to account for properties occupied by group undertakings as investtnent properties and has recorded them at cost less depreciation. Page 19 of 40

The Bu¢kfast Abbey Tru (Held￿ Comieciion iviili ihe relisiotsscomnittnity 0fBettedici￿t Moltse￿￿bfIsl1V￿Of& ivory sAbb¥y. Devojr) Year ended 31￿ October 2025 Notes to the accounts l A¢coun¢ing Policies (eontinued) Freehold Land and Buildings (continued) g) Fixed Assets and Depreciation {continued) v) St Mary's Catholic Acadeiny Land The Charity owns the land which St Mary'5 Catholic Pritnary School, Buckfast occupies. The tsa￿re of the occupation of the land by this excepted Charity mean5 that the Trustees do not have the power to dispose of the land, until the School ceases its occupation, which in turn would require the approval of the Governors and the S￿retary of State. Consequently, for the purposes of these accounts the land 1% treated as iiialienable and is not capitalised. The cost of any land acquired for the p￿ry￿Se$ of a Voluntary Asded School 15 charged to the Statement of Financial Activities in the year of acquisition. vi) St Mary'5 Catholi¢ Academy Buildings The school buildings are occupied, improved. exte[￿ed and repaired by Plymouth CAST. The nature of the occupation of these buildings by this Charity m¢ans that the Tntsiees do not have control over the buildings. until the School ceases its occupation. which in tum would r¢quir¢ th¢ approval of the Members of Plymouth CAST and the Secretary of Stste. Consequently. foT the purposes of th¢s¢ accounts th¢ buildings are treated as inalienable in these accounts. Fixtures, Fittings and Equipment Fixtures, Fittings and Equipment are included in the financial statements at their historical cost, {or in the case of donated assets. at an estimate of value at the date of re¢eipt}. Those assets which were in use at 3lSl October 2025. are depTeciated at rates calculated to write off the cost or valuation. less the estimated residual value, of each asset evenly over its expected use￿1 life of between 2 and 5 years, apart from the church organs that have an expected useful life of 20 yeaFS. Individual works of art, historic treasures and plate have been included at a valuation which is to be regarded as the asset's deemed cost. Subsequent additions are included at COSt. These assets are not depreciated as their residual value is not materially different from the carying amount of the assel. Motor Vehiele5 Motor Vehicles have been capitalised and included in the financial 5tatement5 at their historical cost, (or in the case of donated assets, at an estimate of value at the date of receipt). They are depreciated at rates calculated to write off the cost or valuation, less the estimated residual value, of each asset evenly over its expected useful life of 4 years. h) FiDancial Instruments The Trust only ha5 f￿an¢La] asset5 and financial liabilities of a kind that qualify as basic financial instruments. These Comprise Cash and Bank Balan¢e5, Trade and Other Debtors, Bank Loans, TTade and Other Creditors and amounts due to and from subsidiari¢& associates and joint ventures and listed investment5. Basic f￿ancIal instruments are initially recognised at transaction value and subsequently Tneasured at their settlement value with the exception of loans (excluding con¢¢s5ionary loans cla55ified a5 progratnme related investments), which are subsequently measured at amortised cost using the effectiv¢ int¢rest method. Page 20 of 40

The Buckfast Abbey Ttust (H¢ldJR ¢op7Jieciioii iviili ibe religioiiscommiinityoIBenediciittt MoNknesiobliJhedttiSi Jkkry sAbbey. BI￿￿￿1. Devofrt) Year ¢nd¢d 3 IY Octobcr 2025 Not£s to the accounts l Aiet)unting Policies (eontlDued) i) InY¢5tments i) Listed itEvestments are initially recognised at their transaction value and subsequently measured at their fair value 3$ at the balance sheet date using the closing quoted market bid price. As noted above one of the fll)ancial risk5 the Charity is exposed to is that of volatility in equity markets and investment markets due to wider economic conditions. Investments which the Charity expect to realise within 12 months are shown as eurrent assets. ii) Investment in the subsidiary companies are included in the accounts at the historieal cost. iii) Investment in J. Chandler & Co. (Buekfast) Limited is included as follows In the accounts of the charity.. at its deemed cost based on its valuation in the accounts at ISI Novemb¢r 2014 (SORP (FRS102) transition date) In the accounts of the group.. according to the group's share of its net assets. iv) Reali5ed and unrealised gains {or losses) are combined in the Statement of Financial Activities and are credited (or debited} in the year in which they arise. v) Investment in the joint ventures are included in the accounts according to the group's share of their net a55etS. vi) Programme r¢lat¢d investments are included in the accounts at an estimate of their fair values (see lj). vii) C85h on short terni deposit with instant a¢¢ess is classified as eutTent asset investments and included as a cash equivalent. j) Programme related investments Buckfast Abbey provides support in the forn) of the provision of property and loans to other charities with similar charitable objective5. The Trust previously provided a loan to permit Dart Abbey Glastonbury Limited to acquhre a fami where the intent was to build a shrine along a new path betsveen Wells and Glastonbury. The property was 501d during the year and the proceeds were used to repay the loan. It has also purchased property within one mile of the Abbey that is occupied by employees and those engaged in charitable works. These properties are recorded at an estimate of theit fair values by the Trustees based On their local knowledge and ¢xperien¢e. Loans are considered to be concessionary loans and as such are recorded at initial cts5t less any impainnents or amounts repaid. Any amounts provided for are Charged to the Stat¢￿ent of Financial Activities. k) Stoeks Stocks for consumption or re-sale, are valued at the lower of cost {on a first irt, first out balis) and net realisable value after making due allowance for any obsolete and slow moving item5. Construction work in progr¢ss is valued at cost less foieseeable losses. Ctsst includes all direct colts and attributable overhead5. Peth510D ¢05ts Retirement benefits available to all employees were provided by a group defjned oontribulion personal pension plan with Royal London. Payments to the plan, an insurance company, are fi]nded by contributions from the Charity and its ernployees. Th¢ Charity's ¢ontributions are ¢harg¢d against the results ofthe year on an a¢¢n￿lS basis. m)FoTeign currencies Asset5 and liabiliti¢$ expressed in foreign cuJreThcies are translated into sterling at the rate of exchange ruling at the balance sheet date. Nom)al fluctuations on trading items are dealt with as part of the results of the year. Foreign ¢urren¢y transactions during the year are translated at the rate of exchange ruling at the date the transaction is settled. } Lt8#l st#tU5 of the Trust Th¢ Trust is a charitable trust established by a Trust Deed. It is registered with the Charity Commission in the UK and its principal offiee is detailed on page l. Page 21 of 40

Th¢ BuGkfJst Abb¢y TNSI (HeldiNcomyerlioJt Trviili tlIE ￿1￿19￿5¢￿￿1jrl￿ltyOjBfj1fd1C1i0e Monks ¢ablishedaiSI,Wary sAbbey. Bi¢Glrfa5r. Devoji) Year ended 31￿ October 2025 Notes to the accounts 2 Charity Debtor Losses- Prior Year Adjustment During the current financial year. it was identified that inadequate provision had been made by the charity against the inter group balance owed to it by its subsidiary Dart Abbey Enterprises Limited over consecutive periods. This tnaterial error has been eorrected by retrospectively T¢Stating the ¢ompar8tive figures. The gTOUP figures are not affected. The cumulative effect of the corr¢¢tion on th¢ ¢h3Tity's funds is as follows.. Opening fi￿d5 at l November 2023 have been reduced by £10.067.794 representing the provision omitted in the year to 31 October 2023 and prior periods. Net income for the year ended 3 1 October 2024 has been reduced by £3.172,949 reptesenting the provisions omitted during that year. a) Impact on the Charity StaTrment of Financial Aetivities (SOFA) (for the comparative year ended 31 October 2024) As previtsusty Teported Cbarlty SOFA Lin¢ item Adjustments As restated Net gaind(losses) on inyestsnents Net incomel(expenditure) Fwjd balances brought forward (l Nov 2023) Fund balances carried fotward (31 Oct 2024) 1,300,988 979,558 76.425.486 77.405,044 (3,172,949) {3,172,949) (10.067.794) (13.240,743) (1.871,961) (2,193,391} 66.357,692 64,104JOI b} Impact on the Charity Balance Shed (at 31 October 2024) As prevRously reported Charity BaiDee Shtet LiDe item Adjustments A5 restated Debtors due within l y¢ar Net assets 16.996.542 77.405,044 {13.240.743) (13.240.743) 3.755.799 64.164,301 Charity ￿ndS.. Unrestricted fi￿d$ 68,134,427 (13,240,743) 54.893.684 PaEe 22 of40

The Buckfast Abbey Trusi (Heldin ¢tsnAecIi￿I Iviili rElrgiOiis rymMI￿1ty0fBe￿vdIVI￿Y ivary 5Abbe),. BIK¥asi. D￿￿tt) Year ended 31M Octokr2U25 Not&s to the accounts 3 Emolumtnts ofTruslees Four of the Tn]5tees ar¢ monks of the Benedictine Community at Buckfast Abbey. They do not receive any reinuneration or expense5 by vittue of their position as TNstees. The Charity maintains and supports these four Trustee5 in the same way as monks who are not Trustees. As this is part of the charitable objects of the Trust it 15 Ilot 5e¢n to b¢ remuneration for their services as Trustees. The marginal cost of maintainin8 one extra monk is ealculated to be £27,995 (2024 - £23.584) p¢r annum and the T￿￿teeS listed in the TtUStees' Report are deemed to hav¢ b¢n¢fit¢d to this ¢xt¢nt. For part of 2024 one of the Tru5t¢¢5 was a monk of another Benedictine Community and received reimbursement of travel expenses. During 2025 no expenses were reirnbur5ed (2024- £1.360) During the year a lay Trustee received £3,630 (2024.. £3.810) in Choir Payments. 4 Investment IDcome Grnup 2025 Group 2024 Charity 2025 Charity 2024 Unre5trictcd fund5 Dividends & in[Lr￿l- listed $ecuriti¢s InteTe$t on ¢Lsh deposits Other UK Jnve51ni¢nis 225,633 18,806 311,705 241,779 16.125 326,i09 225.633 18.806 ,168,146 180.280 1,592.865 241,772 16,125 889,744 177,276 1.324,917 Dart Abbey Ent¢rpri5¢s Ltd gift aid & rent 556,144 584.413 Endowment funds Dividenits & inieT¢St- listed swuritits 2.145 558,289 2,360 586.773 2.145 1.595,010 2.360 Totsl 1,327,277 Investment income on other UK investtnents include5 intere5ton loans calculated using th¢ effective int¢rest method of £311,705 (2024. £326,509). The above income is net of provisions in the year. The gross posithon5 ar¢ as follows.. Provisions Against Interest Group Croup 2024 2025 DAEL Interest 102.542 455,747 558.289 189.673 547,071 736,744 BAT Interest and dividend5 received Group Interest before Provisions Provisiim5 at l NovembeT 2024 Provision5 made durtng th¢ year Provi5ion5 ¥t 31 October 2025 12,789,965) 12,639,994) 1149,9711 {2,789,9651 586.773 11789,9651 558.289 Investment IntoThe Pag¢ 23 of 40

The Buckra￿ Abbey Tyusi (Hvldin ￿nn£(lI011 iviih iliv r8ligiouswmmNRityoJBgnedi¢iine Moryks ¥srabli5h¥doiSiJVary sAbb¢y. ￿￿￿￿￿1. DWJ Year ¢nded 31# October 2025 Notes to the ac¢ounts 5 Total Return Investrnent St Scholastica's Abbey Teignmouth Fund was set up on 3td January 2006. It was a requirement of the transferring tnLStees that £IOO,000 of the total portfolio be used to set up this permanent endowment fund, the income thereof to be applied to the general purposes of Buckfast Abbey Trust The difference betwctn the value of the gift and the value of the fund at 3 1st October 2015 represents the opening balance of the unapplied total retum. The power of total return pemiits the Trustees to invest pemianently endowed fvnds to maximise total rthm and to apply an appropriate portion of the unapplied total retum to income each year. Until the power is exercised, the unapplied total retUTn remairLS invested as part of the pernianent endowment. The Trnstees have not applied any portion of the unapplied total retuni to incorne. Trust for Investment Ull¥pplied Total R¢tur Total Eudowment The investmcni ￿nd and application of total rctuin to Pernianeni endowmeni fimd$: At l November 2024 Gift component of pcm)8nent endowment Unapplied total r¢ium 100.O(Ki 100,000 245,141 245,141 Total 100.000 245,141 345,141 Movements ID unapplied total return and endowment in th¢ year Investment retum.. dividends 2nd interest 2,045 17.102 {8631 2.045 17.102 18631 Investment return.. recognised and unrccognised gain5 lrtvesthjeni manaÈ¢meAt costs Net movement in the year 18,284 18,284 At 31 October 2025 Gift comwFrteni of pernjantrti endowtnent Unapplicd total rctum i(x>,000 ioa,000 263,425 263.425 Total 100,000 263,425 363,425 Pag¢ 24 of 40

The Butkfast Abbey Trust IHeldtJi ¢owieeiioJtwiiA ilie relig1oMs¢wMM￿1￿tygfBentd1ctIlle AloA*J esMbliJhedai&ÉVary iAbbeJ'. Lli¥kloJi. Devon) Yetr ended 31tt Oetokr 2025 Notes to the accounts 6 Net Income from Trading Aetivitits of SubsMii8ry The charity has a trading subsidiary, Dart Abbey EnleTpfi5es Limited (DAE Ltd). which is incorporated in the UK. The activities of DAE Ltd in¢lude wine manufacture. catering. retail sales. provision of tourist faeilities, conferences, production of items for Sale and propety development through joint ventures and subsidiaries. No Gift Aid payment was made to the Trust. The losses arising in the last two years are deemed io be exceptional, arising from difficulties with property developmeni activities. The core activities of the trading activities of the trading subsidiary continue to raise ￿ndS for the charitable group. A summary of the trading results, which hav¢ been consolidated into the group accounts on a line-by-line basis after adjusting for intra-grtsup transactions, is shown below.. 2025 2024 Tumov¢r Cost of sales Gross profit Operating expenses Other income Interest receivable 5.892.354 (1,828.0291 4,064.325 (5,101,501) 5.573.774 11.894.949) 3,678.825 (5,119.2061 102,542 {124,326} 11.058,9601 38.000 11,7701 (1.022,7301 39,702 1360,4331 Intctest payable Nel Ioss before taxation T&xauon Inve51tn¢nt (L05se5VGains Net losses after taxation 11,046,3941 (2,807.5061 Gift Aid to The Burkfast Abbey TDJst Retained in Subsidiary (1,022,730) {2,807,5061 7 Costs of Raising Futhds: Cost of Goods Sold and Other Costs GTOUP Group 2024 Charity 2025 Charity 2024 2025 Unrestrltted fknnd$ Trading subsidiary.. Cost of sales 4,614,505 3,386.279 43,318 1,851,291 103.370 9.998,763 1.894,949 3,105,833 43.59Q 2,256.303 119,704 7,420.379 Staff costs Dep￿ciall0n Oth¢r costs Investment momagcment 103,370 103,370 119.704 19.704 Endowment fund5 Investm¢nt management Total 905 1.088 7,421,467 905 1.088 120,792 9,999,668 104,275 Page 25 of40

The Butkfast Abbey Trust {Heldin ¢omteciion Ivtih ihe ￿ligioUs¢0￿￿1t￿Iryo￿￿e￿ed{¢siNe esioblishedaiSiJVary 5Abb¥y. Dewmj YeareJ]ded 31* Octo￿[ 2025 Notes to the accounts 8 Charitable Activities Costs Gtoup Direct Activittes Support Costs 20Z5 2024 Unrestricted funds Retreat centre & guesthouse Educaiional activitie5 231.212 244,598 942,289 3,122.766 79.441 602.448 5,222,754 92.044 23,320 89,921 328,245 7,574 57,438 528.542 253,256 267,918 1,032,210 3,451,011 87,015 659,886 5.751.296 122.855 80.834 1,247.486 3.083,964 126,334 608.421 5,269,894 Parish & tninistry support Building and 8round maintenance Charitable giving Religious community suprort R¢slricted endoivffttnt fMnd$ Parish & mini5(ry 5UPPOTt Total 864 864 3,618 5.273,512 5.223.618 528,542 5,752.160 Charity Direet Attivities Support Costs 2025 2024 UnrestTlCt¢d funds Retreat centrc & 8uesthou$e Educational activitics PaTish & ministry support Building and ground maintenanc¢ ChaTitable giving Religious cosnmunity support 231.212 244,598 942,289 3.442,854 79.441 602,448 5,542,842 ?2.044 23,320 89,921 328,245 7,574 57.438 528.542 253.256 267.918 1.032,210 3.771.099 87,015 659,886 6,071,384 154.663 82,094 ,261,686 3,095.820 126.334 626.876 5.347.473 Rtstricted and endowment funds PaT15h & Tninistry support Total 864 864 3.618 5,543.706 528,542 6,072,248 5J51.091 Page 26 of 40

Thc Bu¢kfa Abbcy Trnst Idiji conKecEioJi willi ilie relwouscomrnwiityrfBtnEditlint ESlabliShEd￿&i,vUry'trAbbev. Btklwr. Dewi) Year ended 31# October 2025 Notes to the accounts 9 Support Costs Other Costs Totsl 2025 Total 2024 CovtrthADte OffLC¢ wage5 and saIaries Bank intercst and char8es Auditors fees Other office costs 15,765 209,446 147,921 225,211 147.921 57.200 98,210 528.542 288,i50 135,410 49.400 139,396 612,756 57.200 6,875 79.840 91,335 448.702 Support costs are allocated across activities on the basis of usage. 10 Alldit Fees The audit fees of the charity were £49,700 (2024: £49.400) and other fees of £7.500 (2024.. Nil). Audit fees of £50.850 (2024.. £48.000) and other fees of £20,950 (2024.. £86,948) were paid in resp￿1 of the subsidiaries. 11 St%ff Costs Group 2025 Group Charity 2025 Charity 2024 2024 Wagcs and salaries Social $eturity costs Defjned contributlon pension contributions 4,583.323 466,347 449,QQ9 5,498,679 4.295.991 379,681 395,807 5,071,479 1,787,917 172,009 152,475 2,112.401 1,685,523 136.739 143,385 1,965.647 The key management personnel of the group in Charge of directing and ¢ontrolling, TUT)ning and operating the charity on a day-to-day basis comprise the Trustees. the CEO and the operational directors. The total T¢mun¢ration costs (including taxable benefits, employer's national inswance and employer's pension contributions) of the key management personnel of the parent charity (and group) for the year was £658,251 (2024.. £526,329). ReduThdancy and terminatton payments of £105,476 (2024.. £14,805) were made during the year. Group ZOZ5 Group 2024 Charity 2025 Charity 2024 The av¢rage number of employees durin8 the year iv&8". 136 150 49 54 The nutnber of etnploy¢¢s of the GTOUP whose ¢tnoluments amount¢d to over £60.000 in the year was as follow5.. £60.001 £70,000 £70.001 £80,000 £80,001- £90,000 £90,001- £IQO.000 £ioo,Ixii - £1 10.000 Page 27 of 40

The Buckfasl Abbey Trust IHeldiJi¢Omie¢tiott iviili ilte rel¢loitsctsmmu#ityoJBEnediciineJVonkses1g&lislKdor&.Uary sAbbey. BKcVttti. Devol YeaT ended 31# Octobei 2025 Notes to the accounts 12 Fixed A55ets- Tangible Group Buildings ererted OD perrnanent endoiyment land Other functionxl land xlld buiklings Fixture5 fittings equlpment Motor vehicles Total Cost At l November 2024 15,678,239 23,905,764 81,477 774,103 4,750 (50.828} 728.025 6,696.733 70,)93 19.4051 6,757,921 47.05di,839 156,820 {60,233) 47,151,426 Additions Disposals At 31 Ociober 2025 15,678,239 23,987.241 D¢pr¢cigtion Ai l November 2024 Charge for year Eliminated on disposals At 31 Octob￿ 2025 Net book amounts At 31 O¢tobeT 202) 8.761,318 222,969 11,946.666 213.759 736,063 30,810 (48,0831 718.7 4.407,688 166,813 {2,155) 4,572,346 25.851,735 634,351 {50,238} 26,435,848 8,984,287 12.160.425 6,693.952 6,916.921 11,826.816 11,959.098 9.235 38,040 2,185.575 2.289,045 20.715,578 21.203,104 At 31 October 2024 Charity Building$ erected on permanent etsdowmellt land Other functional laThd and buildings Fixturts fittings and equipmtnt Motor vehielt5 TotAI Cost At 31 October 2024 15.678,239 23,905,764 81,477 536.302 4,458.421 45,693 44,578.726 127,170 (40.9171 Addition3 Disposals Group Trdnsfer Ai 3 1 Ocrober 2025 {40,9171 15,678.239 23.987.241 495,385 4.504.114 44,664,979 Depreciwtion Ai 31 October 2024 Charge for year Eliminated on disposals At 31 October 2025 8,761.318 222,969 11,946,666 213.759 510.725 19.728 {38.7921 491,661 2,231,085 134,577 23.449,794 591.033 {38,792} 24,002,035 8,984,287 12.160,425 2,365,662 Net book amounts At 31 October 2025 6,693,952 6,916,921 11,826,816 11,959,098 3,724 25.577 2,138,452 2,227,336 20,662.944 At 31 Octoki 2024 21,128.932 P￿¢ 28 of 40

The Bu¢kfasi Abbey Tru51 (Heldin conii¥Gijor iviih the relwi9115commiuiity esfabli3htdat&Mury'sAbhJ'. Year ¢nded 31. O¢tokr 2025 Notes to the accounts 13 Investments Group Group Charity 2025 Charity 2024 2025 2024 Al l Novembcr 2024 Additi0Ths Disposals Realised gains (losses) on invcstmenls Revaluation Net {Withdrawalslllntroduciion5 Ai 31 October 2025 34.079 ?84 6,885,526 {6,741,9231 739,610 1.226,125 11.267,5501 34,921,(y72 42,417.477 15.220,648 (16,234.7141 964,832 (710,238) 17.578.721) 34,079.284 38,845.982 7,644.338 (10.041,9231 235.033 .296.125 {1.267,5501 36.642,005 48,366.419 12.99?,QlO 116,234,7141 964.832 536,156 17.578.721) 38.845,982 Analysed beNeen: Fixd a￿1 investments Current asset investments (note 18) 28,226,898 6,694.174 34,921,072 27,519,731 6,559.553 34,079,284 29.947,831 6,694,174 36.642.005 29.286,429 9,559,553 38,845.982 ADJlysed between.. Listed invcsimcnts 13.812,875 13,055,493 13,812,875 loo,000 3,098,942 21.971,674 109,646 13,055,493 ioo,ooo 3,098,942 24,837.053 102,889 Inv¢stsnent IA DAE Lid J. Chandler & Co. (Buckfastl Ltd Inoie IS) Progratntne Related Inv¢sttn¢nts (note 18) Cash held as part of investment portfolio Invesltnent pr<>p¢rti¢5 Other investments Loan 21,975,674 109,646 21,837.053 102,889 1,482.009 (2.455.132) 34,921,072 1,436,244 {2.352,3951 34,079.284 4,000 12.455.132) 36,642,005 4,000 (2.352,3951 38,842,982 The loan of £2,455,132 is secured against £13,812.875 of listed investments and £109,646 of ¢a5h held by th¢ inve5ttnent manager (2024.. £2,352,395 loan against £13.055,493 listed investments and £102,889 ¢ash). Page 29 of 40

The Buckfast Abbey Trust (Heldlh co￿1¢¢11￿11 iviili ihe religlotrs Cdmmthilry ofB¢hediciI￿t e*dbllthtdui Si,¥Sary sAbbeJ,. ￿t￿k/0S1. Dev¢￿) Yearended 31M OctobEr 2025 Notes to the accounts 14 Subsidiary Companxts Dart Abbey Enterprtses Limited The Charity has a wholly owned subsidiary, Dart Abbey Enterprises Limited (DAE Ltd), which undertakes trading activities in order to raise funds for the Charity. The t￿able profits earned by DAE Ltd rnay be passed to the Charity by mean5 of Gift Aid. Sorne of the Trustees of the Charity 51t on the board of the company but receive no remuneration for 50 doing. The company's results have been con501idated into these account5 after adjusting fgr intra-group item5. The subsidiary shares the same registered office of the Charity and its Company Registration Number 15 1435171. As ot 31 October 2025 DAE Ltd had advanced loans, including accrued interest to date of £1,963,120 (2024.. £1,300.036), totalling £8.264.095 (2024.. £7,601,012) to a wholly owned Subsidiary Dart Abbey Developinents Limited {DAD Ltd). DAE Ltd owns IOOD/o of DAD Ltd. A provision h35 been made against the loans and accrued interest of £7,191.45412024.. £4.601,012). based on the net asset position of Dart Abbey Poole Limited. leaving £1.072,641 (2024.. £3m) recoverable by DAEL. The aggregate of it5 assets. liabilities and funds is as follows.. 2025 2024 A55¢ts 7,339,483 122,146,938) 114.807.4551 8,644,751 121.885,494) 113.240,743) Dart Abbey Developments Limited (DAD Ltd) DAD Ltd conducts propety development and Invests in buildÉng deyeloptnent projects on behalf of the group. The address of the registered office is Buckfast Abbey Buckfastleigh, Devon TQI I OEE, UK. In the period to 31 October 2025 there was a loss of £(2247,082)12024.. £{2,013,796)} due in part to the further provisions in the carrying value of the investment following an updated valuation of the underlying assets. As at 31 October 2025 DAD Ltd had advanced loans, including accrued interest to date of £1,963,120 {2024.. £1,300,036), totalling £8,264,095 (2024.. £7,601,012) to Dart Abbey Poole Lilnited, a company in wl)ich DAD Ltd owns 100 /0 of the shares. The aggregate of DAD Ltd's ass¢ts and liabilities is as follows.. 2025 2024 Assets 1.765,138 18,956,591) 17,191,453) 3.033.940 17.978.311) 14,944,371) liabilities Dart Abbey Poole Limited (DAP Ltd) DAP Ltd is a special PUTpose vehicle for the development of a site at Serpentine Road. Poole. The address of the registered office is Buckfast Abbey, Buckfastleigh. Devon TQI I OEE, UK. In the period to 31 October2025 there was a loss of £{1,766,322) {2024.. £(1,690,480)) largely due to a further provision made to the only asset. The aggregate of its assets and liabilities is as lollows.. 2025 2024 Assets 2,005.888 (8.524,3651 (6.518,4771 3.026.527 17.778.682} 14,752,155) liabilsties Pag¢ 30 of 40

The Buckfast Abbey TLVSI (Hvldiii conne¢iioii iyiili ihe rtligioiu fgmJJlVfftTity0JB£nO￿11llV AloJJkFe&FoblisheduFSt,14tsry sAbbeJ', Birfasi. Devort) Year ended 31Y October 2025 Notes to the accounts Dart Abbey Glastonbury Limited (formerly PG Glastonbury Llmited) As at 31 October 2025 the Charity had advaneed loans to Dart Abbey Glastonbury. a company in which the Charity owns IOO¢/o of the shares. In the period th¢ asset held in Dart Abbey fjlastonbury was sold repaying part of the loan and leaving a balance of £2,007,750 (2024.. £4,501,403) including accrued interest to dale of £1.218.027 (2024.. £411.680). The addTe55 of the r¢gisier¢d office is Buckfast Abbey. Buckfastleigh. Devon TQI I OEE, UK. In the period to 31 October 2025 there was a1055 of £(461,705) {2024.. £{101,690)). The aggregate of its assets and liabilities is as follows.. 2025 2024 A55¢15 188,223 12.088,439) (1,900.2161 3.131.857 14,570.3681 Liabiliiies 15 J, Chandler & Co. (Bu¢kf¥$t) Limited- A$soeiate Company Th¢ Charity owns 32.4(*/o of lh¢ voting share eapital of J. Chandler & Co. (Buckfast) Limited. This company. which is a private limited ¢ompany, bott5es and rnarket5 "Buckfast Tonic Wine The Charity has historically held shares in the company since it was form¢d in 1927. The Trustees have consideied SORP {FRS102). with regard to their relationship with the company, end th¢y consider that it meets the definition of an Associate. It has been ¢onsolidat¢d using the equity m¢thod of 2¢eounting. Its registered otTice is New Abbey House, Fyfield Roa Weyhill. Andover. The Charity receives royalties and rents from the company. Since 27 August 2024 three Trustees sit on the board of the company but personally teceive no remuneration for doing so. 16 JoiTht Ventures- LLPS As at 31 October 2025 the Charity's wholly owned subsidiary DAE Ltd had advanced loans, including a¢¢Ned terest, totalling £8.828,985 {2024.. £8,827.215) to Anstey's Cove Development LLP. an LLP in which it is entitled to 500/17 of the profit arising. The joint venture's principal acuvity is propety development. The joint venture has recognised a Ioss ITS the period% to 30 September 2025 that resulted in the group making full provision against the lo¥ns of £8,828,985. The Charity's wholly owned subsidiary, DAE Ltd. is a rnernber of St Dtsminic's House Development LLP, and is entitled to 500/0 of any profit share arising. The joint venture's Principal activity LS property development. In the period to 31 October 2025 there was no material profit or 1055 in the joint venture, and the balance due to the charitable group represents its share of the underlying net assets at cost. The balance owed by tlie joint venture i% not material to the group. Pag¢ 31 of 40

ThE Butkfast Abbey TnLSI (Heldiii cowieciioniyiiliilje religio￿￿mm￿j1lry0￿5e￿edlc1I￿e HojtsgwablishedfjiSIMary iA6bey, Biickl47S1, Dgvotrj) Y¢arended 31# O¢iob¢r 2025 Notes to the accounts 17 Debtors As restated Chlrity 2024 Group 2025 Group 2024 ChArity 2025 Due within one year.. TTade debiots 152,512 248.023 88,169 4,891,890 70.345 2,925.489 Amount due from Subsidiary Amouni du¢ from associate Other debtors Pr¢paytn¢nts and arrrued inwme 161.491 134,852 596,352 1.14Q,718 166,365 733,303 1,052,180 98.120 459.091 5.537,270 59,251 421,881 3.476,966 Due after more than one year.. Prepayn)¢nts and accrued income oihei debtors 257 282,577 ,335.014 71,374 289,688 ,501,780 71.374 207,459 3,755.799 201.483 5,738,753 18 Programme Related Ittvestment5 As part of its charitable activities to promot¢ the advancement of the Roman Catholic religion, Ihe Trustees have de¢ided to support other communities of monks and nuns. In a previous year a property was purchased, at a cost of £1,800,000, from Stanbrook Abbey to assist them with tlieir charitable object5. The property has been leased baek under a 999 year peppercom lease, but reverts to Buckfast Abbey in the event that the Sisters Cease occupation at Stanbrook Abbey or other specified events. The propety is ineluded as a programme related investment at original cost. £7.840.368 (2024.. £7.705,748) has been lent to Oulton Abbey in Staffordshire to assist them with their charitable activities, interest has been charged at 3.5 /(* since April 2014 and security is held in the fonn of a legal charge over Oulton Abbey. There is a provision against the loan of £1.146.194. Buckfast Abbey owns a number of residential properties in the Yieinity of the Abbey that are primarily oeeupied by employees of the group. These properties are ¢la555fied as programrne related snvestments. The Trustees have financed the conversion of a property into offices for use by The Plymouth Roman Catholic Diocesan Trust whi¢h are included ot a fair value of £2m within PTogramme related investment property Group CoDee5$lOllary Loans Chirity Cottttssionlry Lo¥ns Group Property Charity Property At l November 2024 6.559.553 15.277.500 9,559.553 15,277JOO Advanr¢sladdition5 Interest 134.621 134,621 {3,000,000) 6.694.174 Asnount5 T¢tYdid At 31 October 2025 6,694,174 15,277,500 15,277,500 Concessionary loans are receivable within one year. P8ge 32 of 40

The Buckfasl Abbey Trusl rHeldifrt com￿cli0￿ willi ihe reli8ioiiscomttiiinityoJBenfdiciine Monkn eSlublished&ih.lthry sAbbey. B￿ck(l￿1. Dev(wJ) Year ended 51￿ O¢iob¢i2025 Notos to the accounts 19 Creditor5 Group 2025 Group 2024 Charity 2025 Ch2rity 2024 Atnounts fa]ling due within one year-. Bank loan 3.312.50Q 428.560 Trade ueditor5 Amount due lo subsidiary Afflouni due to associ&e T￿ation and social security Other ¢reditOT$ AccNals 535.623 350.78? 270.794 1,555,031 527,817 209,681 203,655 3,031.807 1,563,i79 540,962 235,926 371,641 6.453,168 285.793 199.7)5 836,330 56.981 337,925 665,70 A bank loan of £Nil (2024.. £3,312,500) was secured by a floating Charge over the assets of a subsidiary company. 20 ObligatioTrs Under Leases a) Operatillg leaseswlessor both group and company The total of minimum lease rentals r¢ceivable is as follows.. 2025 2024 Not later than one year Not later than one year and not later than 5 y¢aTS Later than five y¢ar5 324,463 495,266 92,958 912,687 184,663 370.468 176,390 731.521 These relate to leases for fixed tern15 With fixed rents. b) OperatlDg leaseswlessee The total of ￿tllre mintmum lease rentals payable is as follows.. Group 2025 Group 2024 ChaTity 2025 ChArity 2024 Not later than one year Later thatl one year athl wt lai¢r than five years 113,659 51,098 164,757 141,996 158.425 300,421 38,621 20,385 59.006 32222 46,497 78,719 These r¢lale to leases for fixed tems with fixed rents. Page 33 of 4

Th¢ Buckfast Abbey Trust (HEldiiJ with11￿ JEli¥ifjw ¢OmmNNityofBf￿di(1lVy MOPkn¥￿￿bll51je￿U1SI Jvory sA&bey, Bric￿¢￿1. Devonj Yearended 31" O¢tob¢r 2025 Notes to the a¢¢ounts 21 Commltm¢nts Th¢ Charity has provided assuTance to Oulton Abbey that it will continue to support it by way of loan. 22 Related P*rty Transactions As disclosed in note 15 to the financial Statements, the Charity has an equity interest in J. Chandler & Co. (Buckfast) Limited and under SOtiP (FRS1021 this has been a¢¢ounted for as an associate company. During the year the Charity recesved dividends of £1,013,927 {2024.. £602,937) from the company. The group. including its wholly owned subsidiary Dart Abbey Enterprises Limited. were entitled to royalties, lent and other charges during the year totalling £5.332.525 (2024.. £5,487.281). This included the manufacturin8 charges of £2.243.391 (2024.. £2,286,963). In a previous year J. Chandler & Co. {Bucklast) Limited advanced a loan to Dart Abbey Enterprises Limited. The balance outstanding at the year end was £1,555,030 {2024.. £1,563,579) and interestw&s charged of£98,384 (2024.. £111.215). The Charity had given a limited undertaking to it5 5ub5idiary coinpany in relation to a bank loan. The maximum cofflmittnent would have amounted to £3,312,500 and a5 this loan was repaid during the year there is no longer any commitment at the year end12024.. £3,312,500)- One (2024.. 21 ￿ember of key managetnent perso[￿e1 lived in job related accornmodation c105e to the Abb¢y, paying a peppercorn rent. One rnernber of key rnat￿gement personnel received non Contractual choir payments of £15,240 (2024.- £9,435). No unsecured loans were made during the year to k¢y rnanagement personnel (2024 £58,749 to 3 Enember5), the balance of unsecured loans outstanding to key management personnel at 31 October 2025 was £50,161 (2024.. £66,963). One of the loans is interest bearing at the HMRC rate. During the year the charity employed the spouse of a m¢mber of key management personnel. paying them wages of £40,000- £50.000 (2024.. £5,000- £10,000). During the previous year £350.000 of the Consideration for a property development was paid to a company that is owned by a fornier director to settle the vendor's outstanding loan that was secured on the propety. During the year a loan of £nil (2024.. £5.000) was made to St Benedict Care Trust, a charitable company under the control of Buckfast Abbey's Ablx)t. Page 34 of 40

The Buckfast Abbey Trnst (Hvldiii coniieaioij ifiiliilie religious coMnillnityoJBenediciine Monks eJmbliShed￿3I Jvory sAbbey. LPt*kJ(ui. Deivwij Yearended 31° Octob¢r 2025 Not￿ to the accounts 23 F￿ndS of the Group An•lysis of eharitablt funds movements- curreDt year Incoming At 31 (kttsber 2024 Tr#tt$fe￿I Illve$tmcnt Gains At 31 October 2025 new designatio ExptnditurÉl utili5ed fund5: Buildings in PEF area St Scholastica's Abbey Teignmouth Mi55 Stone's Trust 6,916,922 {222.9701 6,693,952 345.141 7.463 9.520 7,279,046 2,045 44 18631 17.102 366 363,425 7,855 10,024 7.075.256 WaTren-V¢mon Annui¢i¢s 56 1241 1905) 472 Total endowment funds 2,145 1205,0301 Restricted funds.. ContemplativeNuns Oih¢r Total restri¢ted funds ,951,451 40.12Q 1.991.571 1.951,451 39,256 1,990,707 {8641 18641 Unrestricted income funds: Déslzil￿edJU￿lls.' Community support Buildings & plant Maint¢nanc¢ & irnprovetnent PTO8ramme related investments Working capital Totil unrestricted funds 12.443,864 14,212,010 162,577 20.037,053 4,442,956 51,298,460 (813,301) (368,0641 {936,335) 1544,4781 12,1241 .660.141 11,086,085 13,968,992 886,383 20.171,674 5.886.479 51,999,613 127,170 134,621 4.953.899 5,215,690 12,535.0451 14.652.745) (975.331) 138,208 Nokn tharitgble trAding fut)ds: Subsidiaries & joint venture Associate loo,000 17,600.443 17.700,443 9,612.879 {11,097,314} 1,484,435 548.122 100,000 18,148.565 18,248,565 Totsl triding funds 9,612,879 (11.097.314) 2,032.557 Total group funds 78.269,520 14.830,714 115,751.8281 1,965,735 79,314,141 Page 35 of 40

The Bu¢kfast Abbey Trust Year ¢nded 31¥ O¢tob¢r 2025 Notes to the accounts 23 Funds of tbe Group {£ontinued) An8lysis of charitable funds movements- previous year IDcoming Ye50urce&l new dtsignfition At JI October 2023 Tr*nsfeT51 Investment Gain5 At 31 October 2024 Expenditurel tilised ElldoiYmetLt fuDd$'. Buildings in PEF ar¢a Si Scliolastica's Abbey T¢ignmDuih Miss Stone's Trust Warren-vemon Annuities 7.146,614 (229,693) 6,916.921 331,291 7,164 9,138 7,494,207 2.249 49 62 11.037} 1221 129} 11,088) 12,638 273 349 345,141 7.463 9,520 7,279,046 Total endowment fun￿% 2,360 1216,433) Restricted funds= Contemplative Nuns Other 1,951.451 120 1.951.45 1 40,120 1,991,i71 43,618 43.618 {3,6181 {3.6181 Total restricted funds l.951.57l Unre5trictrd intomt fund$: Comtnunity 5UPPQrt Buildings & plant Maintengnce & improvement Piogrammc related investmenis Working capital Tot#1 unrestri¢ted funds 17,494,022 14,633,361 956,429 21.321.864 9.475,090 63.880.766 {555,0911 {485,6141 1751,6931 (4,495,067) 64.263 (42,1591 {1.284,811) {7.508,?a5) 113,265.999) 12,443,864 14,212.010 162,577 20.U37,053 4.442.956 51,298,460 5,104,474 5.104,474 12,6?8,3831 (4,420,781) Non ¢haritabletrading funds: Subsidiaries & josnt vennjre Associate TotAI trading funds (10.950,8591 16.433.822 5,482,963 5.583,325 1,166,621 6.749.946 18.269.492) 13.737.026 100.0 17,600,443 17.700.443 18.269.492) 13.737,026 TotAI group fund$ 78,809,507 11.900,398 112,694.9791 254.594 78,269,520 Page J6 of 40

Th¢ Buckfast Abbey Trust (Heldili ¢OFliietlidii ifiili ihe relisious roJAJJiNn1tyofBeK￿1Gtl￿¢ esiaWiskedai& iilary sAbbey, BIKkfasi. Devon) Year ended 31￿ October 2025 Note5 to the accounts 23 Fullds of the Group (continued) EndowmeD¢ Funds The endowment fill)ds tnclude: fi￿d9 used to er¢ctbuildings in rhe original Pemonent Endowrnent Fund area and are tantamount to being capital of the charity. Trdnsf¢rs are made during the year lo r¢fle¢t additions and d¢pre¢iation' St Scholastica's AbbeyTeignmouth Fund was setup on 3rd January 2006. It was a requirement of the tsansfertin8 trustees that £IOO.000 of the total portfolio be used to set up this permanent endowment ￿nd, the ineome thereof to be applied to the general purposes of Bu¢kfast Abbey Trust" Miss Stone's Trust Fund, an expendable endowment, which provides a small amount of incotne t(Tr be used towards the general upkeep and development of St Mary's Cemetery, Buckfast. Warren-vemon Annuities Fund, an expendable endowment. which pay annuitie5 under a Will Trust. R¢stri¢ted Income Funds The T¢stri¢ted fvnds include: Contemplative Nuns FLmd whieh was set up on 3td January 2006. It was a request of the trdn5ferring trustees that these ￿ndS be used for the maintenante and support of the last Temaining nun and St Mary's Convent with the balance to be held by Buckfasi Abbey Trust for their generdl purposes with priority to be given io app5ying the funds for charitable work of convents of nuns. Other restricted funds in¢lude any un¢xpend¢d balances of donations and grants held on trusts to be applied for specific PUTpose5. DesigDated Reserv Re5erv¢5 Policy The Trustees ¢onsider that the long-temi na￿re of the objectives of the Charity requires that it retain some of its surplus income to hold as reserves. These reseives are necessary in older to secure the future ability of the Charity to support the religious community at Buckfast. and to maintain and improve the buildings and plant that make up the Bu¢kfast Abbey Precinct. Since the re￿rn of the monastic community to Buckfast in 1882 and the re-foundation of the Abbey. the costs involved in acquiring and renovating the buildings which make up the Monastic Precinct has meant that the Charity has had little in the way of realisable reserves. Charitable Objectives i) Community Support It is the trddition of Benedictine Monks to 5UPPOrt their religious comrnunity by the works that they perform. However, the increasing age profile of the community at Buckfast will make thi5 more difficult and alternative sources of income will be required in the future. To this end a sum has been set aside as a fjxed asset investrnent represented by UK equities, gilts and deposits. The pury)os¢ of this designated fund is to generate an int]ation- linked income, to provide some of the support revenue for the monastic commw)ity in future years. A transfer 15 made each year to the fvnd to cover 5UPPOrt costs incurred. The remaining movement on the fvnd, either a dessgnation or utilisation. being the net change in the underlying value of the investments. P8g¢ )7 of 40

The Bu¢kfast Abbey TnL$I Qleldiii conneciioii iyith11￿ JYligigM5comfftllttityoJBenediciine Mottks eablishedoi&TrJary'sAbèEy. BtKklos1. Dei'gn) Y¢ar ended 31 Ociobet 2025 Notes to the a¢¢ounts 23 FuDds of the Group (Continu￿) Charitable Obje¢tiv¢s (continued) ii) Buildings and plant used for charitable purposes A large proportion of the income of the TNst has been used to acquire land. buildings and plant in order to establish the Monastic Community at Buckfast. It is the continuing aitn of the Trustees to re•establish the Medieval Precinct, restore the buildings in the Monastic Enclosure and diversify its income base. As a Tesult, the income funds which have been used to acquite land, buildings and equipment have been transferred to a designated fund called "Buildings and Plant Reserve" since the income fund5 which are invested in them can only be realised by di5P05ing of fixed assets used by the charity. A designation is made to the fund to cover building and plant additions during the year. Utili5ation of the fi]nd represents disposals of buildings and plant and depreciation of the assets. iii) Repairs and maintenance The estimated replacement ¢osts of the EALildings 2nd equipment, which are under the Trt￿tte$, stewardship, now amount to £300 million. Because of the age and eondition of sorne of the buildings and plant it is anticipated that annual maintenance and replacement Costs will run at approxirnately 10/0 of the tolal r¢placement ¢0sts. The annual maintenance budget Can be met from CU￿¢nt income. To this end. a designated "Maintenance and Improvement Reserye" has been Created with the aim for it to allow the itnprov¢ment programme to be initiated when time and resources permit. The fund is util￿ed to meet the repairs and maintenance costs incurred during the year. iv) Programme related inyestsnents Since the monies advanced and Properties are not available for other charitsble Works a reserve representing th¢ value of the unrestricted programme related investments has be￿1 established. Contingencies, opportunlties and risks 1> Working capital Due to the nature of the TNst's activities it is necessary to retain a reserve to fmance working capital in order to avoid overdraft or loan charges. Designationslutilisations represent the movement of the working capital required foi the ongoing work of the chaiity. ii) op￿r>InItieS The Trustees wish to continue the work, which has been ongoing for rnore than 100 years, of re-establishin8 the Medieval Enclosure and Precinct of Buckfast Abbey and diversifying the base of its charitable activities. The Charity has been fortunate to acquire rnuch of the original land and building5, but the Trustees are conscious that future additions will be requiTed to complete the proces5. To this end the Trustees wish to have sufficient funds available to pur¢hase and rest(Trre any such properties when the opportunities arise and therefore will not be Spending all the income reserves. Page 38 of 40

Thc Bucklast Abbey Trust fHeldiJT roniJFGiioFI Iviili ihe relis10115 Gomttiiwity offBenediciine Monks esMbliJhedot&Mury sAbbe),, Bti¢kJost. Del￿#} Ye3r ended 31. Q¢tob¢r 2025 Notes to the a¢¢ounts 24 Analysls t)f Group Net Assets between Funds Current year Tangibl¢ Fixed Assets Other Net Asset5 Total Net Asstts Investments CornThunity sUPW>rt Buildings & plant Maint¢nallc¢ & improvement Programmt related ittvestrnents Working capital Endowmeni 11,086.085 1,086.085 13.968,992 886,383 20,171.674 5,886,479 7,075,256 1,990.707 18.148.565 100.000 79.314,141 13,968,992 886,383 20,171,674 4,000 381,304 1.8QO,000 18.148,565 1.578.Ql I 53.169.639 5,881479 6.693,952 Re5trict¢d income Associate 190,707 Non-charitable trading & joini Ven￿re At 31 Oaober 2025 52,634 20,715,578 11,530,645) 5.428,924 Previous year T#ngible Fixed Assets Other Net Assets Total Net Assets Investments Cornmunity 5UPPOrt Buildingg & plant Maintenance & iTnprov¢ment Prograrnme ￿lated inve5tment5 Working ￿pital Endowment Restricted income 10.443,864 2.000.000 12,443.864 14.212,010 162,577 20,037.053 4,442.956 7,279,046 I,991.57l 17.600,443 loo,000 78,269.520 14,212.010 162,577 20,037.053 3.998 362,125 1,800,000 17,600,443 1.532,244 51,779,727 4.438,958 6,916,921 191,571 Associate Non-charitable trading & joini venlljre Ai 3 1 October 2024 74.173 21,203,104 11.506,4171 5,286,689 Page 39 of 4

The Buckfast Abbey Tiust (Heldui cop7iieciioii iiik ihe religioiiscommiilltry ofBentdi¢iipte Ho￿es1￿bI13he￿#￿.1JUry'￿Ab&ey. BIKkJoJi. Devwij Year ¢nd¢d 3 IY October 2025 Notes to the a¢¢oun¢s 25 ReconcKliation of Net Inc￿￿¢ to Net C4sh Provided byl(Ustd In) Operating Activities 2025 2024 Nei movement in Eroup fvnds for the year Depreciation Net Gains on list¢d inv¢5tments Listed portfolio costs Provisions made against t￿n 8TQUP loans Provisions made against joint venture loan {ProfJt) on sale of tsngible fixed Assets Associat¢ shar¢ of Iprofjil Dividendg. interest and rents frotn investrnent5 ProvisiorL8 made against intercst on non group loans Decreaselllncreasel in debtors Decrea5elllncr¢ase in stocks ID¢¢reasellIntrea5¢ in cr￿ltorS .044,621 634.351 {1,967,5051 246.714 1539.9871 673,517 {1,300,9881 50,027 996.367 (53,9721 11,166,622) 1586,7731 149.973 1442.2431 {489,2901 (73,3581 12.783,349) 1.770 158,8071 (1,507,162) (536,183} 166,766 3,958.077 {108,8621 1,873,780 26 Analysis of Cash and Cash Equivalents 2025 2024 Cash on short term depD$It Cash at baTLk and in halld 886,383 2.564.744 3,451,127 162,577 2.442.832 2,605.409 27 Analysis of Chang¢5 in Net Debt Ai Siart of Year Cash Flows Ai End of Cash 2,605,409 {3.312,5001 (707,0911 845,718 3.312.500 4,158,218 3.451,127 Loans falling due withsn one year 3,451,127 Pa8e 40 of 40