CHARIfY FUND 1961 (STATIONERS, ATr4D f4EWSPAPER MAKERS> COLMPANY) ANNUAL REPORT AND FINATr4CIAL STATEMENTS FOR THE YEAR ENDED 31 DECENffiER 2025 ChArlty Number: 233251
CHARITY FUND 1961 STATIONERS, AND P4EWSPAPER MAKERS* COMPANY TRUSTEES? ANNUAI. REPORT AJ4D FINANCIAL STATEMINTS YEAR ENDED 31 DECEMBER 21125 cor4TENTS Pgge Report5 Referellce and administrative details Trustees, report Indepertdeni examiner's report Flnancial statements Stai¢ment of financial activities B8lan¢e sheet Principal accounting policies Notes to the finoncial 5tstem¢nts
CHARITY FUND 1961 STATIONERS* AND NEWSPAPER MAKEILS? COMPAFIY TRUSTEES) ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 REFERETrICE AND ADMINIsTTIvE DETAILS Governing In5truJnent Stationers. and Newspaper Makers. Act 1961 Trll$ttes Mrs H M K Esmonde MrN W S¢¢idl MrD l Allan Mr R M Flather Mr T J Fenwick MrMWLkndall Mrs S M J Pandit Mr P Wilson Mr M J James Mr A G Ma511- resigned 30 June 2025 Ms M R Sleight Mr O F. Gadsby Mr N Mockeit Mr l G H Leg8ett Ms C A Tullo Mr G J Heanue Mr Dwills MrJlDrori Mrs J L Jones Mr J T Levanen Mrs G R Allinson Mr D N Brealey Mr A J Scrimgeour Professor LS Drew Ms B Pellant Mr R W Knowles Mr C R Smitli Mr D P Batemon Prlntlpal offlee Stationcr5' Hall Avc Maria Lane London EC4M 7DD Cb4rity registration number 233251
CHARITY FUND I961 STATIONERS, AP4D NEWSPAPER MAKERS, COMPAf4Y TRUSTEES? ANNUAL RFPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 Jndependent Examlner Jackson Berry ACA Haysmac LLP 10 Queen Street Place London EC4R IAG Ballkers The Royal Bank of Scotland 280 Bishop.sgatc London EC2M 4R Investment manager$ Rathbones 8 Finsbury Circus London EC2M 7AZ
CHARITY FULW 1961 STATIONERS, AND NEWSPAPER MAKERS> COMPANY TRUSTEES) ANNUAL REPORT AND FINANCIAL STATEMEf4TS YEAR ENDED 31 DECEMBER 21125 The trustees present their statutory report together with the fllmncsal statetnents of Charity Fund 1961 (Stutioners, and Newspaper Makers, Company) for the year ¢nd¢d 31 D¢¢¢mb¢r 2025. The financial statements have been prepared in accordance with ihe a¢¢ourtting poli¢i¢s set out on pagc 9 of the attached financial statements and comply with the Charity's gov¢ming instrJmen¢, applicable laws and the requirements of the Statement of Recommended Pr8Ctic¢ on "A¢¢ounting and Reporting by CharitsC$" (Charities SORP (FRS102), second edition updated October 2019). StrllctUTe* governance and management The ch8fAty is governed by The Ststioners, and Newaper Makers, Company Act 1961 and 1$ rcgi$tcred with the Charity Con)mission under charity number 233251. It is also known by the name The Stationers. Community Fund. Key Management Personnel The charily is administered by its connected charsty. The Stationers, Foundation. and a charge of £813 (2024- £751) is made for these services. There were no employee5 during the year. No Tte¢S received remuneration or expenses from the charity. Trustees Th¢ trustees 8r¢ the m¢mb¢rs of th¢ Court of Th¢ Wor5hipfvl Company of Ststioners and Newspaper Makers. Th¢ trus¢e¢8 ore sel out on page l. ObJe¢dve$ and acdvltl The Charity may apply lis in¢om¢ lo or for any charitable institiOn or purpose. The Charity meets its obje¢tiv¢s by applyin8 its income to.. Trade B¢nevol¢nt So¢ietie8 and other institionS associated with Th¢ Worshipfvl Company of Stationer8 and Newspaper Makers. and Civic and other appeals, including the Lord Mayor's Appeal. Grant-mAklng pollty The tstees deterniine annually> on recelpt of the fmartcial statements, the level of individual grants in aOrdanCe wilh the objectives of Charity Fund 1961. Publlc bcneflt The tSle¢S have considered the Charity Commission's general guidance on public bencfit when reviewing the Cliarity's aims and objectives and in detem)ining its grartt-makitig policy. Thc trnstccs consider that all of the aims and objectives detailed in this report are there in order to benefit the public and that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public bcncfit guidance published by the Charity Commission. Achlevements and perforrnance During the year a total of £22.394 (2024- £19,486) was distrAbu¢ed in varyitig amounts to 17 r¢Gipients (2024 - 14) as shown in note 3.
CHARITY FUND 1961 STATIONERS* AND NEWSPAPER MAKERS, COMPANY TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 Achievements and perforD]4Dee (contknued) In 2025 th¢ Charity made unrealised investment gains of £15,051 (2024.. £35.238 gain). The ChaTity's investment portfolio. managed by Rathbone& retumed 4.7QA (2024.. 9.OY•l net of all cost& Thi5 was behind the Charity Total REturn Strategy benehmark of 13.5 % and the long temi target of CPI +30h per 8nnuin. which was 6.3•h. Total invcstment xncorne e1Ved in the period amounts to £13.343 (2024- £15,063). FlnantlAI revlew A sllrnmary of th¢ r¢sults for the year cm be found on page 7. Net surplus for the year was £15.238 (2024 - £41,363). Inyestmenl poilcy The manag¢ment of the Charity's investmeni funds i8 delegated to professional invcstnient advisers, Rathbones. The trustees aim to achieve u balance bctw¢¢n in¢om¢ and ¢apAtsI 8rowth by regularly reviewing the investments held, The tnlee8 set the investment policy and the inv¢stsn¢nt advisers make Hny iAve8tmeni selection within that policy. ReserveB polfficy The Charity'8 policy is to main¢8in or enhan¢¢ in reHI ternu the value of the Endowment over the lon8 terni. In 2021, the TNstee5 agreed to adopt a iolal rewrn approach when dctennining potcntial disiribulions of the Pemiancntly Endowed funds. Thc Twstees approved the transfer of £4,500 12024 - £4,500), in addiiion to the listed invcslmgnt income of £12,558 (2024- £14.070). from the Unapplied Total Rern to Unrcstricied rUndS. This total retum approach help8 to smooth ou¢ th¢ market flucbjations. The balanc¢ shee¢ show$ total ndS of £618,179 12024 £602,941) of which £560,067 (2024 £550,697) are pernian¢ni ¢ndowmeni fvnds, leavinB £58,112 (2024- £52,244) in unrestri¢ted fund5. The 81¢¢$, poliey is to rctain unrestricted reserves (free Te5¢rves} ¢quivglent to the current year's unr¢strictcd income plus the following year's budgeted govemance costs.'lThe ¢ury¢ni level of the unrestricted serVeS rnCCL8 this policy. TrJ$t¢es are content that other systems are in place to mitigate general business and operational risk. The trustees do not b¢lieve that there are any other areas of significant risk
CHARITY FUND J961 STAT]ONERS AND NEWSPAPER MAKERS> COMPAr4Y TRUSTEES, ANTr4UAL REPORT AND FINANcL STATEMENTS YEAR ENDED 31 DECEMBER 2025 Rlsk mfinagement The tsusiees have examined the major strategic, business and operational risks which the Charity faces. The most significani risk is associated with the Charity's investment portfolio. Whilst, the Charity has takell a conservative approach on its investments to mitigate risk as far as possible an element of risk remains not least with regard to the ongoing global economic uncertainties. Trnstees ore content that other systems are in place to mitigate general business and operational risk The trnstees do not believe that there are any other areos of significant risk. Tru8tees' respon8lbUltles The trust¢¢¥ gre re¥ponsible for preparin8 the tru5tee5' report and financi&l slatemellts in accordance with applicable 14w 4nd United Kingdom Accountin8 Siandards (United Kin8dom Generally Aecepted Accounting Prnciice). The law applicable to charitie¥ in England gild wal requires Ilie trustee¥ to Prep1 f]nan¢ial stateinents for each f]nancial year which give a true and fair view of the slate of affairs of the Charily and of the incoming resources and ppli¢Jtion of rc50urces of the Charity fDr that period. In preparing these fllmrtoial statsn)ents. the trusieeg are required to.. select suitablc accounting policie5 ond then apply them ¢onsistcntly> obse2ve the methods and principles in thc Charilics SOR,. makc judgements and o%iimatc$ that arc rcasunablc aTJd prudenl.. Statc wh¢th¢r applicablc United Kingdvm Ac¢oun¢ing Standards have been followed, subje¢i to any material departurLI. dL8¢108¢d and cxplaincd in th¢ financial sta¢cm¢nL8,' and prepare thc fmancial statcmcnt.% on the ¥oin¥ conccm b&sis unles$ it is inappropriat¢ to presume ¢hai the Clwity will continue in operation. The ttustees are responsible lor keeping proper COuntIng rewrds that are sufficient ¢0 show and explain the Charity's transactions and disclose with reasonable accurdcy at any time th¢ finan¢ial posilion of the Charlty and enable them to ensure that the fmancial stalements conipSy with the Charities Aci 2011, the Charity {A¢counts and Reports) Regulations 2008 and the provisions of The Stationer5' and Newspaper MakeTS' Act 196A. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable Steps for the prevention and detection of fyaud and othei ixregularities. Approved on 30 April 2026 and signed on behalf of the tNstees Doug Wi118, Mas¢er of ili¢ Sia¢ion¢rs Company and Trustee of Charity Fund 1961
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CEIARITY FUND 1961 (STATIOP4ERS' AND NEWSPAPER IVIAKERS. COLYANY) I report to (he Tmstees on my examination of the accounts of Chariry Fund 1961 (Stationer5' and Newspaper Makers, Company) for the year ended 31 Deeember 2025 which are set out on pages 7 to 15. Respective responsibilities of trllstees And examlner Tht charity's trustces ar¢ r¢sponsibl¢ for the preparation of the accounts. The charity's tnlet8 consider thal an audit is not required for this ycar under s¢¢tion 144 of th¢ Ch8riti¢s Aet 2011 ("the Charities Act") and that an independent examination is n¢¢dcd. IÉ is my responsibility to: examine the awounts under section 145 of the Charities Aot, to follow the procedures laid down in thc g¢netaI Diredions given by the Charity Commission (under section 145(5)(b) of the Charitics Act, and to state whciher particular matters have come to my at¢¢nlion. Bas18 of Independent examlner's statement My examination was carried out in accordance with general Dircctions given by the Chariry Commission. An examination includes a review of the accounting Te¢ord5 kept by the Charity and a comparison of the accounts presenled with those records. It a150 includes con5iderdtion of any unusual iiems or disclosures in the account8, 81 seeking explanations from the ¢ryslees concernin¥ any such mAtters. The procedures uiidertakcn do not provide all the evidence that would be required in audit, and consequently rto opinion is given as to whethcr the a¢counts present a 'tNe and fair, view and the Teport is limited to those matt¢r8 sei out in the stat6ment below. Independent ex&mlneT'5 8tatement In conncGtion with my ¢xamin4tion, no mailer h98 ¢om¢ to my attention which givc8 me reasonable ¢aus¢ io b¢liev¢ that in, any material respect, the requiremen¢s.' to kccp accounting records in 4ccord4n¢¢ wilh 5ec¢ion 130 of the Charities Act. and to prepare accounts which accord with the ac¢ounting re¢ords and Comply with the accountin8 requirements of the Charities Act have not been met. or to which, in my opinion, attention Should be drawn in order to enable a proper understanding of the accounts to be reaclied. Jackson Btrry ACA For and on behaifof Hay8Ma¢ LLP. Statuiory Auditor 10 Queen Street Place London EC4R IAG Date.. HaysMa¢ LLP is eligible to act as an auditor in ternis of section 1212 of the Companies Act 2006
CHARITY FUND 1961 gfATIONERS' AND NEWSPAPER MAKERS. COMPANY STATEMENT OF FINANCIAL ACTIYriEs YEAR ENDED 31 DECEMBER 2025 Unrestrlcted Pcrmanellt Endowment Funds Total fund$ Total fund$ Funds 2025 2024 Note Income and expendlture Income attd Endowments from Donations and legacic5 Invcstments Other Income 13.153 785 17,058 13,153 13343 14,402 15,063 12,558 (17.058) Total IneomÈ 30,996 14.500) 26,496 29,465 xpendlture OM: R(iisingfundJ Investment management fees Chariloble acllvitles Grants & related costs Governan¢e ¢os¢s 1,181 1,153 22,394 2.734 22.394 2,734 19,486 2,701 Total expendlture 25,128 26,309 23,340 NET INCOM1Tr4G RESOURCES FOR THE YEAR BEFOKL LNVESTMEIYT GAINS 5,868 (5,681) 187 6,125 Net investtnent 8¥insl(losse8) 15,051 15.051 35.238 Net Incomel(expendlture) for the year, ffincludlng eapltal gAlns 5,868 9,370 15,238 41,363 Fund bAl•n¢es brought forwgrd at l Janu4ry 52,244 550,697 602,941 561,578 FUND BALANCES CARRIED FORWARD AT 31 DECEMBER 58,112 560,067 618,179 602,941 The statement of fmancial activities illclude$ all 88ins and losses recognised in the year. All of the charity's activities derived from contilluin8 operations durin8 the above tsvo fanCIal y¢pts. The aecounting policies and notes on pages 9 to 15 forni part of the f&n&ncial ststements. The split of the 2024 figures between ndS is shown in note I l.
CHARrrY FUND 1961 STATIOTrIERS* AND NEWSPAPER MAK, COMPAEIY BALANCE SHEET YEAR ENDED 31 DECEIVIBER 2025 2025 2024 Note FSxed assets Investments 566,554 551,503 Current a$$¢t$ Debtors 5,923 1,734 Cash at bank and in hand 4,160 16,128 10,083 17,862 Credltors: amount5 falling due wAthin one year 13,512) (5,334) Net current assets 6,571 12,328 Total ntt a$&ets 618,179 602,941 The funds of tlie ebarlty P¢manen¢ endowment ttds Unrestricted fi]nd8 560,067 38,112 550,698 52,243 Tot41 fuod$ 618,179 602,941 The a¢¢ounting poli¢ies and note5 on pages 9 to 15 forni paff of the fllMncial statements. These fin8n¢ial siatemen(s were approved and authorised for issue on 30 April 2026 and signed on their ka1¢bY Doug Wills, Master of the Station¢rs Company and Truslee of Charity 1961
CHARITY FUM) J961 STATIONERS, AI+U) f4EWSPAPER MAKERS, COMPANY PRINCIPAL ACCOUNTING POLICIES YEAR ENDED 31 DECEMBER 2025 Basis of accountlng The financial statements have been prepared under the historical cost convention with it¢ms iniiially r¢¢ognised ai C05t or transaction value unless otheJTrvise stated in the relevant accounting policy notels)- The f]Danoial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Pra¢iice appltcable to charities preparing thetr accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {'Charities SORP FRS 102. s¢¢ond edition issued in 2019,), the FinaThcial Reportin8 Siandard applicable in the UK and Republic of Ireland (FRS 102) and the ChaTitie5 Act 2011. The cliarity constittjles a public benefit entity as defmed by FRS 102. The accounts are presented An sterling and are rounded to the nearest pound. Critical accountlng estlmates aDd areas ofjudgement Preparation of th¢ fmgn¢ial st4l¢m¢nts may require the ¢tus¢ees to make significant judgements and estimate& However. there were no material matters relaling to the current or prior years where such judgemonls or estimaies were required. Golng concern The Irjstees have Assessed whether the use of the 8oin8 concern a&wmption is appropriate in preparing these fmancial slatcments. Thc tNsicc$ have made this assessment in r¢spe¢t lo a pwiod of one year from the date of opproval of thcse financiBI statements. This is because as a grant making charity with no lon8-terni conimitments, fijture expendirure con be adjusted wlth changes income. Income Income is r¢¢ognised in the period in which the ¢h8rity has entitlement to the income, the amount of income ¢gn b¢ measured reliably and it is probable that the income will be received. Donations are reco8nised when the charity has cottfmation of both the amount and settlement date. Legaoies are included in thc statemeni of finan¢i41 a¢tivilies when the charity is entitled to tbe legacy. the executOTS have established that there are sutricient surplus assets in the estate to pay the legacyi and any condilions attached to Ihe legacy are within the control of the charity. Dividends are r¢cognis¢d on¢e th¢ dividend has been declared and notification has been received of the dividend due. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity. this is nolY upon notification of the interest paid or payable by the bank. Expendlture Liabilities are recognised as expendlture as soon as there is a legal or collstructivc obligatii)n ¢oJnmittsng the charity to make a payment to a third party. it is probabl¢ that a transfer of economic benefits will be required in settlemeni and the amount of the obligation call be Jneasured reliably.
CHARITY FUND 1961 STATIONERS, AND NEWSPAPER MAKERS, COMPANY PRINCIPAL ACCOI]NTING POLICIES YEAR ENDED 31 DECEMBER 2025 Expendlture (contfinued) All expenditure is accounted for on an arual5 basis. Expenditure comprises direct Costs and support ¢osts. All expenses, including support costs, are allocated or apports'on¢d lo the applieable expenditure headings. The classification bethveen activitlcs 18 follows.. • Expenditt¢ on raising ndS in¢ludes all expertdire associated with raising funds for the charity. This includes illv¢stment management fees. + Expendiwre on charitable activities includes all co$t$ osso¢ial¢d with rtherIng the chariiable PUTPOSES of the chority through thc provision ot'ils charithble activities. Grants payable are included in the Siatemeni of fmancial tiVitieS when approved alld when the intended recipient has ¢ither received the funds or been infornied of the decision to make the grant and has satisfied all perforniance condition5. Grsnts approved bul not paid at thc cnd of ihe financial year are Accrued. Grants where tlic b¢n¢fi¢iary has llot been informcd or has (o fulfil perforniance conditions befoTe the grant sy rcleased are not accrued for but are disclosed as financial commitments if 4ppli¢abl¢. Support costs and govemanc¢ costs are allocated to expenditure heading8 in proportion to direci expenditure. Investment8 Investments are disclosed at theiT market value at the balance sheet dale. Reali5ed and u1118¢d 88ins or losses are irtcluded in the 51atement of fll)ancial activities. Deblors Debtors are reco8nised at the settlem¢nf omount. less any provision for non-recoverability. Prepayments are valued at the amount prepaid. C8&b at bank and In hand Cash at bank and in hand represents .%uch accounts and instNments that are available on demand or have a maMrity of lesB than three months from thc datc of acquisition. Deposits for mor¢ than three mot)d15 but less than one year hAve been di5c105ed as short-term deposits. Cash pla¢ed on deposi¢ for more tlian one year is disclosed as a fLxed asset investment. Creditorg and pr•vision8 Credi¢or5 and provi$ion8 are re¢o8ni$ed when there is an obligation at the balanee sheet date a5 A result of a past event, 1¢ is probabl¢ that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Crediiors and provisions are reeognised at the amount the ¢harity atstieipates it will pay to se¢tl¢ the debi. Fund 8¢¢ountlng Pemianent endowment funds Comprise monies of which the original gift element must be held indefmitely as capital. The Trnsiees adopted a Total R¢tum policy fro l January 2021 in respect of th¢ maintenan¢e of the endowment whi¢h allows for amounts up to the unapplied total return aknve cumulative infiation to be expended. Unrestrfftcted fimds represent th08¢ monies whiGh are freely available for application towards a¢hievin8 any charitable purpose that falls within the Charity's objects. io
CHAIUTY FUND 1961 &IATIONERS' AND NEWSPAPER NL41QERS' COMPANY NOTES TO THE FJNANCIAL STATEMEFITS YEAR ENDED 31 DECKMBER 2025 I. DONATIONS AI¥D LEGACIES 2025 2024 Donations and gift8 Other income 13,153 14.402 13,153 14.402 2. INCOME FROM INVESTMENTS 2025 2024 Income from listed investments Interest r¢¢¢ived 12,558 785 14,070 993 13,343 15,063 3. GRANTS & RELATLD COSTS 2025 2024 Royal Marines Reading fiorce The Stationers, Company City Harvesl Churchill Lines Foundalion Book Aid International Lord Mayor's Appeal St Pauls Cathedral St Bride's Church Museum of txjndon The Book Trade Charity St Pau15 Garden of Remembronce Royal Marine Cadets Tl)e Sheriffs, & Recorder's fvnd Musicians. Benevolent Fund St Mary Hendon PCC Bound by Veterdns St Brides Foundation 4,500 2,500 2,060 2,000 2,000 2,000 1,500 1,000 1,000 1,000 900 544 539 500 250 100 6,500 2,000 2.000 2,000 1,500 1,000 1,000 853 233 350 250 loo 1,000 700 Tot818rants 22,394 19,480 Independent examiner's fee Other cos18 1,920 814 1,800 751 Total Governance costs 2,734 2,701
CHARITY FUND 1961 STATIONERS, AND NEWSPAPER MAKERS* COMPANY NOTES TO THE FINATrICIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 4. INVESTMENTS 21115 2024 Opening market value Additions Disposal proceeds Net gainslllosses) 551.503 516,264 15.051 35238 Closing market value Cash held in investment nianagers 566,554 45,054 551,503 38,910 611,608 590,413 Historical cost Hs al p¢riod end 423,222 423,222 S. DEBTORS 2025 2024 Tax rc¢ov¢rabl¢ under Gift Aid The Stationers, Fouiidation The Stationers, H811 Charity 1.756 4.097 70 1,734 5,923 1.734 6. CREDITORS 2025 2024 The Stationers, Foundation The Worship] Company of Stationers and Newspaper Makers Accruals 2.380 864 2,090 1,292 2,220 3,512 5,334 12
CHAIUTY FUND 1961 STATIONERS, AND NEWSPAPER MAKERS* COMPANY NOTFS TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 7. PERMANENT ENDOWMEP4T FUNDS At l January Income Expendlture Gains and losses At 31 December 2025 Stationers, fvnd 530,697 (4,500) 15,051 560.067 2023 Stationers. fund 521,112 (4,500) 11,153) 35.238 550,697 Sialioners'fuNd Thc Stationers, comprises an original amouni of £25,000 received under the tenns of the Stationers. and Newspaper Makers, Company Aet 1961 which established the Chariiy. A fiher £IOO,OOD WAS transfcrred to the Fund in 1977 and additional further fjjnds of £112,212 were raised by the Worshipful Company of Stationers and Ncwspaper Makcrs a% a rcsult of a joint Appeal with tlie Worshipfvl Company of Statiorter8 and Newspaper Mak¢rs Wclfllre Fund as part of thc 6001h anniversary of The Worship1 CompatLy of Stationers ond Newspaper Makers. 8. TOTAL RETURN The TStee8 adopted a total return basis for maintainin8 the endowment with effect from l Janu8ry 2021. As at I JBnuary 2024 the gitl element of the to1 rcturn was dLtcrniined at o value of £549,550 (2024- £535,989) on the following basis: £332,3 IS was the value of ihe Pcnnanent EndoMttenl al l O¢tob¢r 2007. This value had CPI applied to then arrive at a revised value of £568,087 (2024 - £549,550) at 31 DeccTnbLY 2025. This then gave rsse to a value of £1,147 (2024 . £{8,541) ) as the opening unapplied 181 return to tnaLILtBin thc real valuE of tlic pre?icrved endowment. Under the total rern approach, a value of up to the voluc of thc total return may be applied to fund the n¢t eXp¢ndire of the charity. The movements are set out in the followin8 table: Trust for Investment Unapplled Return 2025 Total Endowmellt 2024 Totol endowment At I JAnuAry 2025: Gift componen¢ Unapplied totsl rettun 549,550 549,550 1,148 535.989 (14.877) 1,148 Total endowmeni brought forward Movement In the reporting perlod: Investment rcthrn- net income Investment Tetum- net g¥insl(10$5¢s) Less.. Investment managemeni ¢tssts 549,550 1,148 550,698 521.l12 12,558 (3,4861 (1,181) 12,558 15,051 {1,1811 14,070 35,238 (1,1531 18,537 Total for thc perii)d Unapplied tothl tuM aSlo¢ated to income 18,537 8,791 117,059) 26,428 (17,059) 48,155 118,570) Net movements in reporting period At 31 December 2025: Gift component Unappiied total retrlrn 18,537 (9.168) 9,369 29,585 568.087 568,087 {8,020) 549.550 1.147 {8,020) Total endowm¢Dt 568,087 (8,020) 560.067 550,697 13
CHARITY Ftir4D 1901 STATIONERS, AND NEWSPAPKR ThqAKERSY COMPANY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS The net assets of th¢ Charity are analysed as follows.. Endowment funds Unre8trl¢ted fund5 Total 31 Dccernber 2025 Invcstmertts Current assets Curr¢nt liobilitie5 560,367 51.241 10,083 (3,212) 611,608 10,083 (3,512) (300) 560.067 58,112 618,179 31 December 2024 InvestmcnL4 Current a$scls Current liabilities 550.988 39,425 17,862 (5,0431 590,413 17,862 15,3341 (290) 550.697 52,244 602,941 10. RELATED PARTIES AND CONNECTED CHARTTIES The Sta¢ioIi¢r8' Foundation Ire8iStered charity no. 112096311198494) 18 8 ¢onAe¢ted Chgrity as its trustees are appointed by the Court of Assilstants of the Worship1 Company of Stationer8 and Newspaper Makers, who are the trustees of Charity fund 1961 (Stationers, and Newspaper Makers, Company). The ¢harity is administcrcd by The Stationer8' Foundlltion. During the y¢ar, th¢ Charity made a grAnt to The Stationers. Foundation of £0 (2023 £0). The Stationers, Foundatiort ¢harged £81312024 - £751) for administr81ion of the clwity. Durin8 thc year, the Charity made a 8rpiit to Sthtioner$' Hall Charity of £nil (2024 - £nil). Durin8 the year, the Charity mude a Brant to Thc Stationers, Company of £2,060 {2024 £2.000). The amounts due to The Stationers, foundation and the Worshipfvl Compvlny of Stationcrx artd Newspaper Makers at 31 December 2025 are shown in note 6. The amount due from The Stationers, Foundation and the Wor¥hipfiJl Company of Stationers and Newspaper Makers at 31 December 2025 are shown in note S. The ChHrity has purchased insurance to protect the Charity from any loss arising from the neglect or defaults of its trnstces. cmployees and agents and to inden)nify the Irustpxs or other officers against the consequences of any ncglcet or default on their part. There were no other reLated paty disclosures requiring di$closure in the aocounts. 14
CHAIUTY ElD 1961 STATIONERS, AND NEWSPAPER ThL4KERS? COMPANY NOTES TO THE FINATr4CIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 11. 2024 SOFA SllOw4G SPLIT BETWEEN FUNDS Unrestrlcted Permanent Endowment Funds Total funds Funds 2024 Note Income and expendlture Income and Kndowments from DL)nations and lega¢ies Inve¥trnts Other In¢ome 14.402 993 18.570 14,402 15,()63 14,070 Il8,570) Total Income 33.965 (4,500) 29,465 Expendlture on.. RuisEngfuuds lllv&%lment management fee$ Cliarilable ocliviiies Gran¢$ & rclaled costs 1,153 1.153 22,187 22,187 TotAI expendlture 22,187 1,153 23,340 NET EXPENDITURE FOR THE YEAR BEFORE INVESTMENT GAINS 11.778 (5,653) 6,125 Net investment gains 35.238 35,238 Net lexpendlture)I Ineome for the year, Includln¥ eapltal ¥#llls 11.778 29,585 41,363 Fulld bAlan¢¢s brought forward 8t l January 40.446 521,112 561,578 FUND BALANCES CARRIED FORWARD AT 31 DECEMBER 52,2 550,697 602,941 15