Cecil and Alan Pilkington Trust Fund Annual Report Trusteesl Annual Report and Accounts for the year ended 31 March 2026 (Registered Chaiity No: 237623) I.ANC=A%IIIIII. Pilkington Family Trust
Trustees, Report and Accounts ft)r the year ended 31 March 2026 Contents Page Trustees, report Reference and administrative Information Chair's report Our Beneficiaries and Mission Our Values Our Amibition Progress in 2025 Our Impact, activities and achievemenls Our Stsff, Volunteers, and Partners Our Plans Our Finances Further information Audltors, report 14-15 Statement of flnanclal actlvltles 16 Balance sheet 17 Cash flow statement 18 Notes to the accounts 19-28
ReferenGe and administrative inforniation Pilkington Family Trust Enterprise Centre Salisbury Street St Helens Merseyside 01744414820 Ruskin Lodge Swinbume Road St Helens Merseyside WA10 6AW 0174420010 Audltors Livesey Spottiswood Limit8d 17 George Street St Helens Merseyside WA10 1DB Bankers National Westminster Bank PLC Omiskirk Street St Helens Merseyside WA10 1DR Dlrectors ol the Trustee Companles The Trust has two corporate trustees. RegIsted Charlty Number 237623 Pilkington Employees Trustee (No.1) Limited (Company number 01161784) The Pilkington Family Trust The charity together with its associaled companies work under the umbrella name of The Pilkington Family Trust Pilkington Employees Trustee {No.2) Limited {Company number 01161785) The Directors of those companies are". Lady Pilkington (Kirsty) Mr D J Bricknell Mr J A S Pilkington Mr D C Pilkington Mr J McKenna Mr J Money Ms J Halligan Ms J Tomkinson Inveslment Managers CCLA One Ang81 Lane London EC4R 3AB Sarasin & Partners LLP 50 George Street London W1U 7DY Chlef Executlve Officer Ms V Simon Senior Management Ms J Boote Mr G Colville Mrs S Desmond Ms A Holden
Chair's report As a former employee of Pilkington's. I've been aware of, and involved with, the Pilkington Family Trust for 50 years. It's a great privilege to lead an outstanding team in the vital work that they do to support our beneficiaries to maintain their Independen in the community- At this time of increasing pressures on social care we aim to bridge some gaps. From delivery of nutritious meals to hosting daytime companionship. from helplines to specialist support for those with dementia, our mission is to enhan the qualty of lrfe for our beneficiaries. Looking ahead, we are excited about the opportunities thal lie before us. We are committed to building on our successes and exploring new opportunities to better meet the needs of those we support. David Bricknell Chair of Trustees Our Beneficiaries and Mission Our mission stalement is:. There to SUPPORT when needed For generations the Pilkingion Family Trust has supported the people and communities shaped by the Pilkington legacy. Its roots stretch back to the 191h century. when Dr. William Pilkington and his son Richard began charitable work to help children from poor families in St Helens. Over time the family's commitment grew - establishing funds and welfare initatives Ihat cared for employees, pensioners, and those facing hardship. These merged into the Cecil & Alan Pilkington Trust Fund known as the Pilkington Family Trust. Members of the Pilkington Family are still active members of our board of trustees. Our mission continues this tradition: to honour that legacy by providing meaningfvjl, lasting support to our beneficiaries and communities today. Our activities are currently focused on supporting older adults to live well, maintain their independence and stay connected within their communities. On 31 March 2026 we had contact with 6,000 beneficiaries in Ihe United Kingdorn and approximalely 1,400 beneficiaries overseas in Australia and New Zealand, Canada, and South Africa.
Our Values Our four values are the backbone of our charity-created by our teams. shaped by real experien, and rooted firmly in how we work every day. They reflect what we stand for, how we support our beneficiaries. and the standards we hold ourselves to. Together, they give us a clear, shared compass to act with purpose and deliver meaningful impact. Compassion Ownership InclusAvity Excellence ond o willingn8SS to help. accountoble lor our OCiicfi& diverse p8rsp8etw ond oxwriancos. to quolity will set us opart. Our Ambition In 2025 we took important steps to position the charity for the future. We undertook a comprehensive review of our existing offer, deepened our understanding of the needs of our beneficiaries and communities, and initiated transformational improvements to our intemal processes and systems. These changes are helping us to become more efficienl, more responsive, and better equipped to meet both currenl demands and future opportunities. Over this period, we have developed a clearer picture of the changing profile of the people we support and gained valuable insight into how our services mak& a meaningful difference in their lives - both now and in the longer temi. Alongside this, we have strengthened our approach to measuring impact, enabling us to better evidence the outcomes of our work and the value we Create. Our ambition remains to deliver high-quality services that create lasting change. Building on the strong foundations established in 2025, we are focusing our resources where they can have the greatest impact. as set out in our 2026-2028 Strategic Plan. Progress in 2025 During 2025 we saw a notable increase in the number of beneficiaries requiring our meals delivery service. This reflects the growing challenges many older people face in maintaining a healthy diet, particularly when recovering from ill health or when their ability to shop and prepare meals is reduced. Our Welfare Teams also reported a rise in incidents relating to scams and financial abuse, underlining the increasing vulnerabilities experienced by older people. At the same time, demand for high-quality. affordable respite provision remained consistently high in the St Helans area. We have responded proactively to these challenges, ensuring that advice and support are accessible to those who need them most. We have embedded agile working across teams so that beneficiaries can obtain appointments at a time to suit them. In response to growing demand for our meals service in St Helens, we streamlined operations to
strengthen service capacity and ensure older people can consistently access nutritious hot and cold meals. We also redesigned our dementia activity provision. placing greater emphasis on personalised support in environments that are welcoming. indusive and responsive to individual needs. At Ruskin Lodge. we implemented our-Go Forward Plan. reshaping our intemal teams and introducing digital care plans. These changes are transforming how we work, enhancing efficiency, and strengthening our commitment to delivery of high-quality. person-centred care. Across all areas of our work, the core themes of promoting independence, reducing isolation, and providing advi and support, continue to guide our approach and underpin our services. Our Impact, Activltles, and Achievements Our Impact In 2025 // D•llv•r•d ganl••d ¢*anl••d 27,891 2,529 32 88 Lkny // Prt)vld•d Orgunl••d ¢)ur Admlral Nur•• mad• 384 132 4,084 225 'dlarr 4wl> Our services have had a wide-ranging impact on older people and carers by improving wellbeing, reducing loneliness, supporting independent living and providing specialist dementia and respite support across St Helens and beyond. In 2025 we delivered over 27.000 hot and frozen meals, helping older people maintain nutrition and independence at home. Our welfare teams and link up service have supported on reducing social isolation and ensuring our beneficiaries have access to the support they need. The Trust's Day Centre and day trip programme has created 220 opportunities for social connection. stimulation and improved emotional wellbeing. In addition 384 respite stays at Ruskin Lodge provided carers with valuable opportunities to rest and recharge, while ensuring their loved ones received specialist care and support.
Our Admiral Nurse service delivered 225 visits offering expert dementia guidance and practical support to families. Welfare Over 3.000 beneficiaries utilised the services of our Welfare Officers based in St Helens and our Regional Officers in North Wales. Wrexham. Doncaster. Bimiingham and Glasgow. Our team kept in touch with beneficiaries by making over 4,000 welfare visits and making over 4,500 telephone calls. Our team provided a listening ear and a welfare check. They carried out assessments and referrals for internal and external services and provided support with applications for benefits. With the introduction of our intemal online ServIS directory our teams have accessed up to dale information to share with beneficiaries on local services and support. Communlty Care Our community care team has continued to provide a broad range of services. including befriending. meals, laundry, and gardening support. In partnership with external providers, we offer shopping, sitting, and cleaning services. To help maintain high standards, we introduced a monthly quality assurance survey, with service satisfaction consistenuy remaining above 950/0 each month. Prism Our St Helens hairdressing service saw 3 230 increase in uptake with 91 beneficiaries accessing the service. In addition, our newsletter, 'PRISM', was refreshed with a new look and feel, and our annual rAlendar was distributed to all beneficiaries. Gala Girl Ruskln Lodge We were delighted that Ruskin Lodge our purpose built 22 bed respite care facility achieved a 'good' rating from CQC in April 2025. The CQC praised the home for its person-centred and compassionate approach to care, highlighting the staff s commitment to dignity, respect, and promoting independence. During the year, we introduced digitsl care planning across our services to enhan the quality, safety, and efficiency of care delivery. The new system has improved access to real-time infomiation, strengthened communication belween teams, and supported more person-centred care. It has also reduced paperwork, improved monitoring and compliance, and enabled staff to spend more time focusing on the people they support. -staff .. looked after my father, with such care, dignity, and respect. You truly are an amazing team."
Social Activities Having fun and slaying active alongside others in the ommunity supports emotional and physical well-being. We planned a range of activities, outings, and events to support people and their carers. We held 10 reunion events across the country which enabled our beneficiaries to catch up and share memories with former colleagues. Up to 90 beneficiaries attended Day Centre sessions each week at Ruskin Lodge in St Helens. where they enjoyed a wide range of activities, events and lebratIonS designed to promote wellbeing, social conneclion and enjoyment. This year we have strengthened relationships with local schools, creating meaningful intergenerational opportunities for our guests and young people to come together. Through shared craft activities, conversation and musical performances, the children brought great joy to our guests. helping to foster connection, companionship and a strong sense of community across generalions. Our day trip programme in St Helens has provided valuable opportunities for people without access to transport to enjoy outings and remain connected to their local community. In addition our Regional Welfare Teams organised a variety of social activities and events. including wreath making, indoor bowling, coffee mornings, cake meet-ups and community lunches, helping to reduce social isolation and encourage friendship, wellbeing and connection. Dementia Support With a case load of around 25 at any one time our community-based Admiral Nurse has provided expert support to people living with dementia and their families within the community in St Helens. Our Admiral Nurse has provided practical advice. emotional support, guidanc8 on managing symptoms. navigating servIs. and planning care. helping individuals remain independent and supported al home for as long as possible. Working alongside our Admiral Nurse programme we organised 32 social activities throughout the year, creating valuable opportunities for people living with dementia and their carers to connect and engage.
Overseas Some of the original Pilkington plants were located overseas, as a result we continue to deliver programmes of support in South Africa, Australia, New Zealand and Canada including hosting vibrant reunions and get togethers and providing vital supplies and aids to individuals and homes in more disadvantaged communities. Vivien Simon - CEO undertook a visit to Australia and New Zealand in 2025 to meet beneficiaries and volunteers, gaining a deeper understanding of the lived experiences of those the Trust supports overseas. The visit included well-attended reunions in Geelong, Adelaide, Sydney, Brisbane, and Dandenong, as well as Whangarei and Wellinglon in New Zealand. Each gathering was characterised by warmth, laughter, and a slrong shared sense of hislory. Many beneficiaries dedicated 3040 years of servic8 to Pilkington Glass. often remaining with the company until retirement. Their loyalty. pride, and enduring connection to the business continu8 to define the Trust's beneficiary community. "Thank you for looking after m8 throughout the years sinc8 1989. You have taken care of me as your pensioner, and l am grateful for the monthly food vouchers. This year you bought me a door as my old one was old and broken.... I have a new door and water is no longer coming in the house." A South African Benefiuary. Our Slaff, Volunteers, and Partners During th8 year we have giv8n effort to refreshing our policies and procedures. training our staff, and ensuring we develop our engagement and consultation with staff. The Trust is fortunale to have dedicated volunteers in the UK and overseas. Where possible we continue to work closely with external agencies and other charities across England, Scotland and Wales. Where possible and in accordance with our ¢haiiiable obje¢ts we seek to benefit the wider community. An example is providing support to several smaller charities in administrative and financial matters. We are very grateful to the following organisations who have provided grant funding to the Trust during the year. The Pilkington Charities Fund - Administered by the Community Foundations for Lancashire and Merseyside. A general grant towards the work of the charity. The Rainford Trust. A grant towards our work in South Africa. We are also grateful to the individuals who gave donations to the Trust during the year.
Our Plans In 2026 we will be taking forward our new three year strategic plan. It represents over a year of thoughtftjl work, bringing together the volS and insights of our beneficiaries, staff and trustees. It is ambitious and buill for the future. This strategy sets a new pace for who we are and what we can achieve. It gives us a shared direction and the clarity we need to tum great ideas into real. lasting impact. Within it are some truly exciting developments. We're launching our Living Well Dementia Plan.. shaping holistic. tailored support for individuals affected by dementia. We're driving forward our Day Centre transformation... ensuring we have purpose-built spaces fit for the future users and our staff teams. We're investing in communities through our new Connecting Communities Fund... expanding on a tried and tested model in our regional teams. We're strengthening partnerships like never before.. notjust doing things on our own, but by building true partnerships through collaborative working. And we'll be testing and growing new service offers so we can meet needs in smarter, more responsive ways, piloting new services as part of our offer. Our Strategy 2026- 2028, Pride in our Past, Vision for our Future, has 5 strategic themes which will b8 our focus next year. Llving Well, Connected Communities. People and Culture. Centre of Excellence. Investment and the Future.
Our Finances Most of our incoming reSoUrS are investment income from an endowment provided by the Pilkington Family. This is supplemented by heavily subsidised charges for some of our services. At present we spend more than we re1ve in income on our beneficiaries, and fund this from the Trust's reserves. Where the funds were spent. Independent living support- 23% Direct contact with beneficiaries -11% Ruskin Lodge - 34% Day Centre - 4% Investment Management - 3% Support Costs- 21% Overseas - 4% Where the funds came from. Invostm9nt Income - 69% Grant Income- 2% Service Income - Il% Funded from reserves - 18% We adopt a total retum investment approach to planning our long-term reserves. We continue to explore cost efficiencies and improvements to our incoming resources, lo enable the most effective support to our beneficiaries. 10
TrUSts. Report further Infonnatlon dcthmentation", Irustees. powers and responsibilities,. investment and finan¢ial stturture", management structure and staffing,. and the scope and breadth of the community care programme and the end users. Structure, governance, and management Gov•rnlng document The Cecil and Alan Pilkington Trusl Furnl is a registered charity (Registration No.. 237623). The Trust Fund also works under the umbrella name of The Pilkinglon Family Trust. Organi5ational structure The day- to 4Jay administration of the community care programme and the resources is delegated to the Chief Executive Officer, who is the Managing Director of P.R.S.L.. and ils employees. The Trust Fund is an amalgamation17th July. 19771 of the following funds.. Alan Douglas Pilkington Trust Fund (Founding Deed 11th June 1948) Alfred Cecil Pilkington Trust Fund (Founding Deed 1st May 19371 The truslees consider the Chief Executive Officer and senior management as the key personnel in charge ol running and operating the Charity on a day-to-day basis. The following limited companies acted as Iruslees throughout the year to 31 March 2026.. Pilkinglon Employees Trustee IN0.11 Limited IC¢)mpany Registrabon No.. 011617841 Pilkington Employ8es Trustè8 IN0.21 Limited (Cornpany RegiStratn No.. 011617851 Thè pay for key pèrsonnèl is encompassed within the pay review system for all of the Charity's staff. The trustees review appropriate pay research and the union pay claim. consider recommendations and propose an increase which is negolialed wllh the union representatives. Once agreed, the pay award is implemented for all staff. including k8y personnel. The directors of the trustee companies are appointed by the Board of the trustee companies. The directors of the Iruslee companies meet three limes a year to agree the broad strategy and areas of activity for the Trust. ObJ¢¢tlvo8 and actlvltlo8 Thg primary objectives of Ihe Charity are lo provide assistance to those in necessitous circumstances being employees, ex-employees and dependan15 of employees and ex-employees of Pilkington Brothers Ltd or its successors in business and its subsidi8ries. In so far as the income is not required for such application it may be applied to others in need. The Investment Committee asslsts the directors of the Iruslee companies in the consideration ol the inveslmgnl, reserves and risk management policies and performance. The following direclors of the trustee companies were members of the Investment Committee during the year: Mr D J Brickndl MrJ McKènna MrJ Money The objectives for the year support the strateglc aims and help to ensuro the trustees, objectives are met in an efficient and effectiv8 way. When setting objectives the trustees have given due regard to Charity Commission guidance relating lo public benefit. Pilkinglon Retirement Services Limited IP.R.S.L} acts as an employment vehicle lor the Trust and holds the contracts of employment. The following directors of the trustee companies were also members of the P.R.S.L Board. Mr D J Brickndl MrJ McKenna The Trust IcK)ks to achioVO Its aims by maintaining a slrong organisational structure, effective rinancial management and by fostering a culture of continuous learning and development to &nsurg effective delivery 01 sorvw. Grants Inductlon and tralnlng of new trustees The induction process for any newly appointed director of the trustee companies comprises an in depth briefing and training programme lo provide an overview of all aspects of the work of the Charity, and includes experience of service delivery. The officers of the Charity provide key information on managing the Trust. which inGludes'. Trust deeds and asso¢iated In support of our activities 8 small number of grants are made to benefi¢iaries, and these 8re detailed in the accounts. Financial Review The Trust is lIant on the income from its investments. Investment income is supplemented by contn'butions towards the ServIS the Trust 11
provides, throLJgh support from donations and a £87,500 general grant from the Pilkington Charities Fund which is now administered by the Community Foundation5 for Lancashire and Merseyside. The Trust also received restri¢te(I donations and grants, including £Sk from The Rainford Trust, to support additional work in South Africa. The Trust engages an external monitorin9 company to report on performance. Returns at 31 March 2026 were reported as follows= _ CCLA made a retum of-6.710/0 in th& year and 2.52°/o over three years. Sarasin & Partners made a return of 4.27% in the year and 19.43Vo over three years. Wè sp8nl more on ¢harilablè activitiès Compared to the previous financial years, largely due to inflationary pressure on our cosis rather than any underlying changes to services. Inveslment income of £3,171 k and income from other sour¢es was loss than th$ amount required to fund the key programmes of the Trusl this year. We anlicipated this when the budget was set. We sold some investments and used cash balances as planned lo meet this shortfall. The excess of expenditure over income for the year was £812k 12025.. £394kl. Investment perfOrrnan was disappointing this year. wth essentially no total return from the portfolio. The volatility of the markets and the reasons for il are acknowledged however the Trust is dependent on good investment returns to fund its activity- The trustees work closely with the investment managers to identify and assess the risks to achieving the lolal returns tsrgets sel by truslges. The Trust's investment managers have expressed confidence that budgeted income distributions to the Trust will be achieved for the financial year to 31 March 2027. This year's accounts reflect a decrease in the value of investments of £2.976m following on from a decrease 01 £1.998m last year. The drops In valu8 occurred in the final month ol the year and related to volatility on intemational markels. Values have improved somewhat since lh8 year end, but the markets remain volatile. The Irusl8es will continue lo review performance through close working with specialist advisers. information scrutinised by the Investment Committee and reports from an external monitoring company. We eonlinue lo lace inflationary pressure on our costs. This will impact on our funding requirements for 2026127 and future years. The trustees and staff of Ihe Trusl work closely with the Trust's specialist advisers lo assess investment values and expected income. The Iruslees remain confident that we will have sufficient resources to meet spending requirements for the next 12 months. This will be mel mainly from expected income, and cash balances. We also plan lo disinvest from Investment funds to smooth cash flow and allow for contingency. This will be undertaken in a planned way wilh our investment managers to minimise financial risk. Rlsk manag•m•nt The trustees review the financial and operational risks lo which Ihe charity may be exposed and the systems put in place lo miligale those rlsks. The principal financial risk faced by the Trust is the performance of Ihe inveslmenls to provide the funding for the services. Thi5 Is rniligaled by retaining expert investment managers, having a diversified portfolio and monitoring the performance through the Investmont Committge. Work is ongoing lo assess the continuing impact of inftation on our beneficiaries and the grants and service5 we provide. To mitigate against the risk of rising costs, the Trust has a robust budget- setting and monitoring prOsS and staff liaise closely with our main suppliers to identify cost pressures as earfy a5 possible. Investment policy and ptrrforman¢e There are no restrictions on the Charity s power to invest. The truslees have adopted a policy lo achieve the optimum return from a broad spread of inve51menls. The policy is lo adopt a mediumlhigh risk investment strategy based on income generation with potential for capital growth. Both of our investment managers ICCLA and Sarasin & Partners) have a clear fcKus on environmental, social and governance {ESGI considerations in m8n8ging the Trust's investments. R•serve$ poli¢y The Trust's unrestricted funds at 31 March 2026 were £11.309m12025 £12.220ml. Of this amount £540k could only be realised by di5P05ing of tangible fixÈd assots usèd to advanc8 the Trust's objectives. The investment managers are set the objective of achieving a total return of not le5S than CPI + 3.50/0 over a fivo- year period. As an endowed charity il is acknowledged by the trustees th8t the Trust Deed allow5 the &xpenditure of both capitsl an¢J income lo megt 12
the charitable objectives. The trustees have refteshed their reserves policy this year and will keep this under review as they develop their strategic plans. statements for each financial year which give true and fair view of the state of affairs of the Charty and of the incoming resources and application of resouice5 of the Charity for that period. In preparing these financial statements, the trustees are required lo". select suitsble accounting policies and then appty them consislenlly., observe the methods and principles in the Charf(ies SORP". make judgements and estimates that are reasonable and prudènt.. and prepare the financial statements on the going concem basis unless il is inappropriate to presume that the Charity will continue in operation. They have paid particular attentKJn lo The ability to spend the endowment funds if needed. Our risk management processes and the uncertainties we may face in the fulufe. Our strategic and operational plans. Our currenl and likely luture budgets. Possible future projects or spending plans that cannot be mel from the income ofa single year. The volalilily of investment markets They have assessed reserves as follows'.- Funds held for cashflow purposes £1.Om Funds held for possible future fixed assets £1.75m Funds held lo enable Research & Developmènt and future opportunities £1.Om Funds held for contingencies £0.75m Funds held to cover expendrture in excoss of income over a 5-10 year period £6.0 This lolals £10.5m. The Iruslees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of th Charty and enable them lo ensure that the financial slalement$ Comply with the Charlllès Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible lor safeguarding the as$el$ of the Charity and hence for taking reasonable step$ for the Prevention and deteelion ol fraud and other irregularf(ifrs. In so far as the trusteès are aware al the time of approving the Trustees. Annual Report.. there 1$ no relevant audit information of which the Chanty's auditor is unaware, and the Iruslees have taken all steps that they OV9hl to have taken lo make themselves aware of any relevant audit information and to establish that Ihe auditor is aw8re of that information. The Trust therefore currently holds Iree re8eNes £269k more than tho reserves policy. The trustee8 intend lo monrtor this figure bul do not feel al present that the amount is of concern. Thè Trust'$ expgndable endowment fund was £88.603m as at 31 March 202612025". £91.476ml. This 18 held lo produce an income for the Trust which Is unreslricled. The Trust al80 had reslricled funds of £5k as al 31 March 202512025 .' £9kl. This report was approved by the trustees on 1 July 2026. Tru8ts08' rn•pon8lbllltle8 In relatlon to tho Ilnanclal statements Sned on behalf of th tru The Iruslees are responsible for preparing the Trustees, Annual Report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generalty Accepted Accounting Practice). D J Brlcknell Chalr and Tru$ts• 1 July 2026 The law applicable to charities in England and Wales requires the trustees lo ppare financial 13
Independent Auditor's Report to the Trustees of the Cecil and Alan Pilkington Trust Fund Year ended 31 March 2026 Opinlon We have audited the financial statements of The Cecil and Ajan Pilkington Trust Fund Ithe 'charity'l for the year ended 31 March 2026 which comprise of the Statement of Financial Activib"es, the Balance Sheet. the Cash Flow ststement and notes to the financial statements, including significant a¢¢ounling poli¢ies. The finan¢ial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, Including Financial Reporbng Stsndard 102 The Finan¢ial Reporting Stsndard appli¢able in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stslements- give a true and fair view of the slate of Ihe charity's affairs as al 31 March 2026. and of its incoming resources and application of resour, including its income and expenditure, for the year then ended., have been properfy prepared in accordance wrth United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Ba$ls for ¢plnlon We conducted our audit in accordance with Intemational Slandards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those stsndards are further described in the 8vdilor's reswnsibililies for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have lullilled our other ethical reswnsibilib.es irt accordance with these requiremènts. We believe that Ihe audit evidence we have obiained 1$ sufficient and appropriate lo provide a basis for our opinion. Conclu8lon$ r•latlng to golng ¢on¢•m In auditing the financial statements, we have concluded Ihat Ihe trustees, use of the going Concern basis of accounts'ng in the preparats'on ol the financial slalements is apprriate. Based on the work we have performed, we have not identified any rnalerial uncertainties rèlating lo evènts or conditions that, individually or ¢olleclively, may c8s1 SignifnI doubl on the charity's ability to continue as a going concem for a period of at leost twefve months trom when Ihe financial statements aro authorised for issue. Our responsibilities and the sponSIbl1111eS of the trustees with reswl lo going concem are describèd in the relevant sections of this rep. Other information The other information comprises the infom)a1i included in the Irusle8s' report and accounts. other than the rinancial statements and our auditor's report thereon. The truslees are responsible for the other information. Our opinion on the fin8ncial statements (*)es N)t cover the other infom)ali(y) an¢Y we do not exp$$ any form of assurance conclLJsion thereon. Our responsibility is lo read the olhor inf0matn and. in doing so. consider whether the other information is materi8lly inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsislencies or apparent material mis5ts1emen15. we are required to determine whether this gives rise to 8 material misslatemenl in the financial statements themselves. If, based on the work we have perfomed, we conclude Ihat there is a material misstatement of this other information. we are required to report that fact. We have nothing lo report in this regard. Mattèrs on which w• ar• r•quir•d to rèport by •xeèption We have nothing to port in fespect of the following matters in latiOn to whh the Ch8ribes (Accounts and Reports) Regulations 2008 require us lo reporl lo you if, in our opinion.. the information given in the Irustees, report is irnsisteI in any material respect with the financial statements: or suffi¢ient a¢counting rewds have nol been kepL or the financial statemenis are not in agreemenl Trmth the accounting records., or we have not received all the infomwtion and explanati¢Jns we require for our audit. 14
Responslbllltles of trustees A5 explained more fully rn the trustggs. reSnSibl1rt 5taternent set wt on page 13, the trustees are responsible for the prep8r8tion of the financial statements and for bwng satisfied that they give a true and fair view, and for such inlérn81 control as the trust86s ijètèmiine is nècèssary to 8nab prep8r8lK)n of ffinancial ststements that are free from material misstatèmènt, whèthèr dug to fraud or 9rror. In preparing the financial ststements, the tTusiees are resportsible for assessing the charity's ability to continue as a going concern, discljsing, as applicable, malters relaled to going concem and usiro the going concern basis of accounting unless the trustses either inteThJ lo Ib]uidate th8 charity or to cease operations. or have tK) realistic atternalive but lo do $0. Audltor'8 r•8ponslbllltl•s for th• audlt of th• Ilnanclal •tat•m•nts Our objectives are to obtain reasonable assurance atoui whether the financial statements as a Who Are fr¥& from material misstatement, whether due lo fraud or efror, and lo issue an Auditor's report that inCdeS our opinion. Reasonab18 a55urance is a high level of assurance but i8 not a guarante8 thal an audrt conducted in accordance with ISAS IUKI will aley5 detect 8 material misstatemenl when it exists. Mi5Statements can arise from fraud or eThor and 8r8 ¢on$id&re(J m81&ri81 W, individualty or in Ihe wjregate. they coukl ie&8onabty b8 exFeCted to influence th8 economic decisions of users taken on the basis of these financial statements. Irr¢gularitie$, including fraud. are instanrm of norFo)mF4ian¢e 1gw$ oThJ regulatlons. We d&sign p¢ureS In line with our responsibilities, outlined at#Jve, lo detect matefial misstatem&nts in r&spect of irregularitios, Including fraud. The ex18nt lo which our procedures are capable of deiectirvJ irregularibes, including fraud is detalled b&low.' Discussion with management and those involved in the financial reporting process includin9 consideration of known or suspected in5tarw of n0nwc0mlanGe with wS aThJ regulations central to the charity's abllity to operatè, and fraud.. Evalua'on and testing of the cyeT8tiThJ aff8CtN8na8s of Managgnv¥ ¢>)ntrd8 d8$lond to pr&venl and detect irregularities., Id8ntffying and testing joumal 8ntrs, in parucular anyjoumal entrlos posted with unu$ug1 account cornbin81ions or of SignCan1 monetary arnounts,. and Review of the rationale tr the cakUlatn of key accounttiig estimates in the financial ststernents gnd testing of thg a¢¢ura¢y of Ihe$& ¢akulalion8. Therè arè inher&nl limit8lons in the audf¢ procedures ¢bec1 above. The further removed nonwcompliance th 18ws and regylations 1$ from the events and trans¥ction8 refte¢ted in the financ1 $tsl¢rntrnts. the less likety we would bècomè awaro of rt. Ajso, thè risk of not det¢¢ling a maltrrtal ml$$¢a¢em¥nl to fraud Is hlgher than the rlsk of rnt detecting one resulting from error. as fraud may invofve d•libèratè ctJnee8lm&nt by, for example. forgery or inl8ntional misrepresentations. or through co181. A further description ol our responsibilities is available on the Financial Repo.ng cOurlI,S website at.. www.frc.org.ukl8udi¢orsre8ponBibilitie3. This desroiplK)n torffjs parl of our Auditor's ieporL U8• of our report This raport is made sol8ly to the charlty's trustso$. 8$ 0 tody. In aw)rdan¢o wrth Part4 of thtr Charlties IAccounts and Reports) Regulauons 2008. Our asjdit work has been uTrJertaken so ihat we mhJht state to thè charity's ITU51ees those matlers we are required to state io them in an audttor's rep)rt and for no oiheT purpose. To th8 fullèst extenl rrnItted by law. we do not accept or assume reS[nsIbIlity to anyone other ihan the charity and the harlty's trustees 8$ a body, for OUT awjit wryk. for thi5 reporL or for Ihe opinpjns we have formed. Livesey Spottiswood Limited I Chartered Accountants and S 17 George Stre8 St Helens D8to: tutory Audilorl tutory Au¢Jiiors Merseyside WA10 1DB Llvesey Spottiswood Limited is eligib for appolntment as auditor of the chaiity by VIrt of ts digibilty for appointment as auditor of a company under sn 1212 of thè Companies Act 2. 15
The Cecil and Alan Pilkington Trust Fund Statement of financlal actlvitles for the year ended 31 March 2026 Note Unrestrided Restrided Endowmgnt Fund5 Funds Funds Total 2026 Total 2025 as reslatod £'ooo £'ooo £'ooo £'ooo £'ooo Income and endowrnents Donations. legacies and grants Charitable activities.. 93 86 UK benefits and seNices 133 133 104 Ruskin Lodge respite Care 373 373 169 Other Investments Total income 10 3,227 3,596 3.171 3.770 3,171 3,775 Expendlturg on ralslng funds Investment management costs Expendltura on charltable actlvltlos UK benefit$ and services Ruskin Lodge respite care Overseas benefits and services Donation to Willowbrook Total oxpondlture Nel expenditure before gains and losses on investments 17 132 149 2,203 2,007 2.205 2.009 2.095 1,653 219 224 210 30 3,990 4,446 132 4,587 (676) (4) 11321 18121 13941 Nel losses on investments (2351 (2,741) 12,976} 11,9981 Net movement In funds {911) 14) (2.873) 13.7881 12,3921 Reconclllatlon of funds: Tol81 funds brought forward 12,220 91,476 103,705 106,097 Total funds carrled forward 11.309 88.603 99,917 103,705 The notes on page 19-28 forrn part of these financial statements 16
Th• Coell and an Pilkington Trust Fund Balance Sheet as at 31 March 2026 2026 2025 t00 £00 Flxed ass•ts Tangible fixed assets Investmgnts 545 97,684 101,739 98,229 102.329 Curr•nt #t8 Debtors Cash and bank deposits 10 555 1.394 1,949 978 1,518 CredSlor8 arnounts lallirKJ du• withln one year N•t turnnt 4•••1• 11 258 135 1.693 1.383 Provl$lon for Ilabllftltrs 12 N•t a•s•ts 99 917 103 705 Fund balanc•• Unrèstrfded lunds Restrlcted funds 11.309 12.220 13 Expendabkn Endowment lund 14 88,603 91,476 Total Charbty fund• 99917 103705 The notes on po 19-28 fomi part of these finanaal slatem•nts The above ac¢ounts were approved by the trustees 1 July 2026 and were signed on th81r bghair by.. D J Brkknell IDlr¢¢ f Trustee Componb&sl J McKenna (Dirpctor of Twustee Companies) 17
The Cecil and Alan Pilkington Trust Fund Statement of cash flows for the year ended 31 March 2026 2026 2025 as r88latod £'ooo £'ooo Cash flows from operatlng actlvftles Net cash used in operating a¢tivities.- 3,802 3,592 Cash flows from investing activities Distributions and Interest from investments Proceeds from the sale of equipment. fumilure and vehicles Purchase of equipment, furniture and vehicles Proceeds from sale of invesimenls Purchase of investments Net cash pmvlded by Investlng actlvltles 3,171 3,227 1861 1,079 181 500 4,218 3,724 Chango in cash and cash equivalents in the year 416 132 Cash and cash equivalents al Ihe beginning of the year Cash and cash 8qulval8nts at the end of the year 978 1.394 846 978 R•¢on¢llSatlon of not In¢om•l(•xpondSlur•) to not ¢8$h flow from 0ratIng o¢tlvltlo$ Net lexpendlturolllncome for the year Adjustments lor: Depreciation charges Lossesl Igainsl on investments Dislribulions and interest from investments Profil on sale of fixed assets Decreaselllncreasel in debtors Increaselldecreasel in creditors Net cash used In operatlng actfvltles 13,788} 12,3921 77 81 2,976 1,998 {3.1711 {3,2271 1151 119 3,802 1391 12 3,592 Analysls of cash and Cash equlvalents as at 31 March Cash al bank and in hand Deposits held by investment managers Total cash and cash gquivalgnts 245 1.149 1,394 535 443 978 The notes on page 19-28 form part of these financial slalements 18
The Cecil and Alan Pilkington Trust Fund Notes to the financial staternents for the year ended 31 March 2026 1. Accounting policies Basis of preparation and assessmenl of going concern The financial statements have been prepared under the historical cost convention with items recognised al cost or Ir8ns8ction value unless otherwise staled in the relevant nolelsl lo these 8ccounts. The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charilies Act 2011. The trustees consider that there are no material uncertainties aboul the Trust's ability to continue as a going concem. The trust constitutes a public benefit entity as defined by FRS 102. Funds structurg The expendable endowment fund may be spent in accordance with the chariiable objeclives at the discretion of the Iruslees. Reslficled Funds arise from specific grants for individual projects or assets and musl be used for the restricted charitable purpose. Unrestn'cled income funds comprise those funds which the trustees are free lo use for any purpose in furtherance of the charitable objects. Incomo recognitlon All income is recognised in the stslemenl of financial ath'vities once the charity has entitlement lo the funds, il is probable ihal the income will be received and the amount of income receivable can be measured reliably. Grants are recognised in full in the statement of financial activities in the year in which they are receivable. Expendituro recognitlon Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation commiltsng the charity lo that expenditure, il is probable that settlement will be required and the amount of the obligation can be measured reliably. The cost of discretionary grants is recognised when the commitment has been approved. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned lo the applicable expenditure headings on the most appropriate basis. Irrocovorable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred. AllocatSon of Support and governancg ¢QSts Support costs have been allocated between govemance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs. Governance costs and support costs relating to charitable aclivities have been apportioned by reference to the activities generating those costs. The allocation of support costs is shown in note 5. Tangible fixed assets and dopreciation Fixed assets are depreciated over their estimated useful economic lives on a straight line basis as follows.. Leasehold land and buildings Motor vehicles Furniture, fittings and other equipment between 10 and 50 years between 5 and 8 years between 3 and 25 years 19
The Cecil and Alan Pilkington Trust Fund Notes to the financial staternents for the year ended 31 March 2026 1. Accounting policies continued Investments Investments are a fom of basic financial instrument and are initially recognised al their transaction value and subsequenuy measured at their fair value as al the balan sheet date using the closing quoted market price. All gains and losses are taken to the Ststement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference belween sales proceeds and their opening carrying value or their purchase value if acquired subsequent lo the first day of the financial year. Unrealised gains and losses are calculated as the differen between the fair value al the year end 8nd their carrying value. Realised and unre81ised investment gains and losses are combined in the Statement of Financial Aclivilies. The main form of financial nsk faced by Ihe charity is that of volatility in equity markets and investment markets due lo wider economic conditions, the attitude of investors lo investment risk, and changes in sentiment conceming equities and within particular sectors or sub sectors. Debtorslcrgdltors Debtors and creditors are induded in the financial slatements at Iransaclion value. Cash and cash gqulvalonts Cash is represented by cash in hand and deposits with financial institutions repayable without penalty notice of not more than 24 hours. Cash equivalents are highly liquid investments Ihal mature in no more than three months from the date of acquisilion and Ihat are readily convertible lo known amounts of cash with insignificant risk of change in value. Penslons The Trust partlClP8les in both a defined benefits scheme and defined cknntribution pension schemes. The defined benefit scheme is a mulli-employer scheme known as the Pilkinglon Superannuation Scheme IPSSl.11 has not been possible lo identify Ihe underlwng assets and liabilities attributable to each participating enlily. All pension contributions paid in the year are charged lo the statement of financial activities on a defined contribution basis. Loa$ing ¢ommitments Rentals paid under operating leases are charged lo the statement of financial activities as incurred. Judgements and kgy sourcgs of gstimation un¢9rtainty In the application of the charity's accountsng policies, Iruslees are required to make judgements. estimates and assumptions about the application of accounting policies and reported amounts of assets, li8bilities, income and expenses. The judgements, estimates and undedwng assumptsons are based on historical experience and other factors that are considered relevant including expectslions of future events that are considered reasonable. The judgements. estimates and undedying assumptions are reviewed on an ongoing basis however actual results may differ from Ihese amounts. In preparing these financial slalements no significant judgments have been made. The key source of eslimalion uncertainty relates to the allocation of Governance and support costs in notes 4 and 5. 20
The Cecil and Alan Pilkington Trust Fund Notes to the financial staternents for the year ended 31 March 2026 2. Donations, legacies and grants 2026 £'ooo 2025 £'ooo General grants.. Pilkinglon Charities Fund Restricted grants- Rainford Trust Other restricted donatsons 88 70 93 86 3. Investment Income 2026 2025 aB tated £'ooo 3,135 33 £'ooo 3.197 24 Income from investments listed on a recognised stock exchange Interest on cash held by investment managers Bank interest 3,171 3.227 4. R•sourc•s •Xnd•d Oiro¢t cosls Allocated support osts Total 2026 Total 2025 £'ooo £'ooo £'ooo £'ooo Cost of generatlng funds Investment management costs 149 149 Charltable actlvltles UK benefits & services Ruskin Lodge respite care Over$ea$ benefits & servi¢e$ Donation to Willowbrook Hospice 1,551 1.732 183 654 277 41 2,205 2,009 224 2,095 1,653 210 30 3,990 3,615 972 4,587 Direct costs include-. The extern81 audit fee of £12.60012025'. £12.0001. Operating lease costs in respect of land and buildings of £134,30212025= £132,992) 5. Support costs UK benefits Ruskln Lodge Overseas & servl¢es resplte care benefits & services Total 2026 Total 2025 £'ooo £'ooo £'ooo £'ooo £'ooo Governance Corporalo Finance Human resources Community care adminislr8tion Total 89 43 101 75 148 114 162 188 127 85 152 144 56 15 113 14 277 360 972 343 851 654 41 Support costs have been allocated to activities on the basis deemed most appropriate. 21
The Cecil and Alan Pilkington Trust Fund Notes to the financial staternents for the year ended 31 March 2026 6. Expenditure on UK benefits and services Unrestricted Restricted Tolal 2026 £'ooo Total 2025 £'ooo £'ooo £'ooo Servlces provided: Personal care and silting service Demen118 SUPF)Ort Domestic assistance Home meals and laundry Gardening and security Hairdressing Day centre services Visiting Active leisurelconlact groups Prismlcalendar Total sorvlcgs provlded 137 137 197 48 622 171 49 622 171 41 561 151 42 42 51 400 57 50 1,539 400 58 50 1,541 384 50 44 1,491 Grants to Indlvlduals: Hairdressing Domestic assistance Gardening Total grants to Indlvlduals Number of grants 56 92 10 10 12 Total dlrect costs 1,$49 1,551 1,503 Community care administration and support costs Total $pand on UK bènaflt$ and $orvlc•s 654 2,205 592 2.095 22
The Cecil and Alan Pilkington Trust Fund Notes to the financial staternents for the year ended 31 March 2026 7. Trustees and staff costs Trustees Members of the Board of the Trustee companies do not receive any remunerab.on for their services. £105 expenses were reimbursed during the year to 31 March 202612025: £2101. Staff numbers The average number of employees during the year was 6812025= 67)- The 8ver8ge numbers of employees on a full time equivalent b8SIS Was.. 2026 48 2025 47 Charitable Management and Administration 54 52 Staff costs 2026 £'ooo 1.833 207 174 2025 £'ooo 1.686 154 192 Wages and salaries Social Security costs Pension contributions The total ernployment benefits, including social security costs and employer pension contributions of the key rnanagement personnel was £395,31612025'. £365,207). The number of employees whose emoluments {salaries and benefits in kindl fell within the following band.. 2026 2025 £70,000 - £79,999 £90,000 - £99,999 Termination payments of £71,717 {2025 £8.6201 were paid during the year, induding £3,188 12025 £5,512) ex gratia payments. Penslon schemes The Trust participates in both a defined benefits scheme and defined contribution pension schemes. The defined benefit scheme is a multi-employer scheme known as the Pilkington Superannuats'on Scheme IPSS). It has nol been possible lo idenlify the underlying assels and liabilities attributable lo each participating entity. Under the trust deed governing the PSS the employer's contributions are fixed at 160A of pensionable salary (fixed at 30 April 20131 for active members who contribute 80kn. and 12.5¥. for members contributing 5.50/0. Under the deed the employer has no right of access to any investment surpluses bul equally cannot be required lo increase conlribubons to finance any deficits other than as may be required by legislats'on. All pension costs of the charity in relation lo this scheme are reported on a defined contribution basis. The Pilkington Superannuation Scheme is closed to new members. An auto enrolmenl scheme has been in place since July 2014 and a defined conlribulion scheme with Aviva is offered lo all employees. 23
The Cecil and Alan Pilkington Trust Fund Notes to the financial staternents for the year ended 31 March 2026 8. Tangible fixed assets Freehold Land & buildings £'ooo Leasehold Land & buildings £'ooo Motor vehicles Furnlture fittings & equipment £'ooo Total £'ooo £'ooo Assets at cost Balance 1 April 2025 Additions Disposals Balance 31 March 2026 Depreclatlon Balance 1 April 2025 Charge for the year Disposals Balance 31 March 2026 Net book valuo At 31 March 2026 Al 31 March 2025 1.749 51 25 247 389 2,436 86 56 2,466 1.756 74 247 389 1,303 31 50 152 28 341 18 1,846 77 1.334 48 359 1,921 422 446 26 67 95 30 48 545 590 9. Flxed assot Investments Total £'ooo 101,739 Market value 1 April 2025 Additions al cost Dispo$al$ 1,079 100,660 2,976 Nel losses on inveslmenls Market value 31 March 2026 97,684 Al 31 March 2026. the Tnjst was invested in tsvo managed funds. each with a diversified portfolio of inveslmenls. 10. Debtors 2026 2025 rvstated £'ooo 30 10 426 82 £'ooo 44 14 412 70 Trade Debtors Local Government Accrued Investment Income Other prepayments and accrued income Other debtors 555 540 24
The Cecil and Alan Pilkington Trust Fund Notes to the financial staternents for the year ended 31 March 2026 11. Creditors - amounts falling due within one year 2026 £'ooo 79 129 43 2025 £'ooo 74 24 34 Trade Creditors Accruals and Deferred income Taxation and Social Security Other creditors 256 135 12. Provision for liabilities Balance 31 March 2025 £'ooo Released i year 8alance 31 March 2026 £'ooo Cumulative leave provision The cumulative leave provision is for holiday pay accrued by eligible staff based on pay rates al the balance sheet dale. 13. Restricted funds The funds of the charity include donations and grants which need lo be used for specific purposes and are classified as restricted funds. At the yearnd restricted funds comprise unspent balances as follows'.- Balance 31 March 2025 Income Expendlture 8alanco galnsl{losses 31 March ) & transfers 2026 £'ooo £'ooo £'ooo £'ooo Pensioners Club Minibus South Africa Other funds (21 {51 14. Expgndablg gndowmgnt funds The funds ol the charity include expendable endowments. At the yearnd they comprise unspent balances as follows:. Balance 31 March 2025 Income Expenditurg 8alanGo gainsl{losses 31 March ) & transfers 2026 £'ooo 91,476 91,476 £'ooo £'ooo 2,873 2,873 £'ooo 88,603 88,603 Expendable endowment 25
The Cecil and Alan Pilkington Trust Fund Notes to the financial staternents for the year ended 31 March 2026 15. Analysis of net assets between funds Current year Tanglble Investments fixed assets Nel Current Long term Assets liabilities Total net Total net assels assets 2026 £'ooo 2025 £'ooo £'ooo £'ooo £'ooo £'ooo Unrostricted funds General funds 540 9,081 1,693 (51 11,309 12,220 RestrScted funds Pensioners Club Minibus Other funds Endowm8nt funds Endowment 88,603 88,603 91,476 545 99 917 103 705 Prlor year Gornparatlve Tangible fixed assets Investments Nel Current Lon9 term Assets liabilities Tolal nel Total net assets assets 2025 2024 £'ooo £'ooo £'ooo £'ooo £'ooo £'ooo Unrostrlcted funds General funds 582 10,263 1,382 {71 12,220 12,804 Rèstrictèd funds Pensioners Club Minibus Other funds Endowrn8nt funds Endowment 91,476 91,476 93,282 590 101 739 103 705 106 097 26
The Cecil and Alan Pilkington Trust Fund Notes to the financial staternents for the year ended 31 March 2026 16. Related parties The Cecil & Alan Pilkinglon Tnjst Fund uses Pilkinglon Retirement Services Limited as an employment vehicle for 6912025". 641 contracts of employment al the Balance Sheet dale. All associated salary costs are bome exclusively by the Cecil & Alan Pilkington TnJsl Fund. During the year the Trust did not pay any truslee for services12025'. none). The Trust received a grant of £5,00012025: £5,000) and £4.111 12025: £3.959) for accountsncy services from The Rainford Trust, a regislered charity wilh common trustees. The Trust received £78012025.. £750) for accountancy services from The St Helens Housing Association Trust, 8 registered charity with a common trustee. The Trust made pension cnnlributions for 9 employees during the year lo the scheme known as the Pilkington Superannuation Scheme (PSSI which has a common Iruslee. 17. Op8ratlng lease commltments Al 31 March 2026 the charily had loial minimum operating lease payments as sel out below.. Land and bvildings'.- 2026 £'ooo 2025 £'ooo Operating lease payments due: within one year. - between one and five years 69 134 69 203 69 18. Prlor year restatement Previously investment income from CCLA was accounted for as received. The pnor year restalemenl brings into the accounts the income due al 31 March 2025 and previous year ends. As previously Adjustment reported £'ooo As restated 31 March 2025 £'ooo £'ooo Statement of Flnanclal actlvltles Investment income Net movement in funds 3,221 12.398} 3,227 12,3921 Balanc8 Sheet Debtors Nel Assets 128 103.293 412 412 540 103,705 27
Th8 Cecil and Alan Trust Fund Notes to the financial staternents for the year ended 31 March 2026 19. Prior ygar Ststement of financial adivitigs for the year ended 31 March 2025 Note Unrestricted Restricted Endowfflent Total Total Funds Fund$ Funds 2025 2024 as rostated rostated £'ooo £'ooo £'ooo £'ooo £'ooo Incomo and endowrnents Donab'ons, legacies and grants Charitabl8 activities.. 70 16 86 77 UK benefits and services 104 104 102 Ruskin Lodge respite care 169 169 284 Other Investments Total income 10 3,227 3.580 10 3,227 3,596 3,171 3,640 16 Expendltura on ralslng funds Investment management costs Expendlturo on charltable actlvltles UK benefits and services Ruskin Lodge respite care Overseas benefits and services Donation to Willowbrook Total expendlture Nel incomellexpendilurel before gains and losses on investments Nel gainslllossesl on investments 2,095 1,653 2.130 1,518 1,641 12 205 210 222 30 3,972 30 3,990 75 3,947 18 {392) (21 {3941 13071 (192) 11.806) 11,9981 8,237 Net movgrngnt in funds (584) (21 {1,806) {2,3921 7,930 Reconciliation of funds: Total funds brought forward 12,804 93,282 106,097 98,167 Total funds carried forward 12.220 91.476 103,705 106.097 28