Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P IR8 Charity number: 240061 SUNNINGHILL FUEL ALLOTMENT TRUST (KNOWN AS'THE SUNNINGHILL TRUST") TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05."25 GMT (UTC DI D 414 P W28 SUNNINGHILL FUEL ALLOTMENT TRUST CONTENTS Page Reference and administrative details of the Charity, its Trustees and advisers Trustees. report Trustees. responsibilities sLement Independent audltor's report on the financlal statements Statement of financial activities 7-10 Balance sheet 12 Notes to the financial statements 13-26
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05."25 GMT (UTC *DI D 414 P W28 SUNNINGHILL FUEL ALLOTMENT TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees William Dalton. Chairperson and Nominative Trustee Wayne Phelan, Nominative Trustee Matthew Barnard. Co-optstive Trustee Shojo Njarfely, Co-optative Trustee (resigned 6 October 2024} Tansley Jordan, Ex-officio Trustee Rebecca Seear, Co-oplative Trustee lappointed 22 September 20251 Custodian Trustee.. tille to the Charity's land is vested in the Official Custodian for Charities. Charity registered number 240061 Principal office Sunninghill Fuel Allolmenl Trust PO Box 4712 Ascot Berkshire SL5 9AA Independent auditor James Cowper Kreslon Audit Chartered Accountants and Slatulory Auditor The While Building 4 Cumberl8nd Place Southampton S0152NP Page 1
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P4R8 SUNNINGHILL FUEL ALLOTMENT TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 11 Structure, Governance and Management History and Governing Document Sunninghill Fuel Allotment Trust {the 'Trust"l is an unincorporated charitable trust which was founded in 1817 by an inclosure award made under the Windsor Forest Inclosure Act 1813. The land sel aside allowed the poorer people in the community to plant allotments and to gather fuel, while funds were also distributed for warm winter clothes for children. Today the land, which is still owned by the Trust, and the funds invested. are all held as part of a permanent endowment, the oversight of which is regulated by a Scheme of the Charity Commissioners dated September 1980. This Scheme outlines how the land is to be managed and how the income from the funds is to be distributed in the form of grants for the benefit of the inhabitants of the parish of Sunninghill and South Ascot. Trustee Recruitment and Appointment The Scheme provides for a body of five trustees.. one Ex-officio Trustee, two Nominative Trustees and two Co- optative Trustees. The Ex-officio Trustee is the Vicar of the Ecclesiastical Parish of Sl Michael and All Angels. Sunninghill. The Reverend fansley Jordan was officially appointed on 11 December 2023. The Nominative Trustees are appointed by Sunninghill & Ascot Parish CoLJncil. the term of each initial appointment being four years with the possibility of SLJbsequenl renewal at the end of each term. The Co-optative Trustees are appointed by the existing trustee body {as vacancies occurl, and they are drawn from the local community. The term of office for a Co-optalive Trustee is five years, again with the possibility of subsequent renewal al the end of each term. Risk Management The trustees have assessed the major risks to which the charity is exposed and implemented systems lo mitigate them. Key risks include.. Health and Safety risks associated with the management of the land. Financial risks associated with the performance of the investment funds. Equitable distribution within the grant giving activity. Effective impact measurement associated with the social investment. 21 Charitable Objectives and Activities Public Benefit Statement The Iruslees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Main Activities Undertaken for Public Benefit The Trust's income {after management expenses) is to be applied for the following charitable purposes for the benefit of the inhabitants of the Civil Parish of Sunninghill and South Ascot.. Relieving povety Relieving old age or sickness (subject to above) Providing and SLJPPOrting facilities for recreation or other leisure-lime occupation (with the object of improving the conditions of life for the inhabitants of the Parish in the interests of social welfare) Providing and supporting educational facilities Other charitable purposes for the benefit of the inhabitants of the Parish as the trustees think fil Page 2
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05."25 GMT (UTC *DI D 414 P Y28 SUNNINGHILL FUEL ALLOTMENT TRUST TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Assessment of Appllcatlons for Grant Maklng Applications for financial assistsnce are decided upon by the Iruslees al the quarterly ordinary meetings. In between the scheduled meetings cases can be assessed and decided upon via email communication or virtual meetings provided that a quorum can be obtsined. The Iruslees endeavour lo develop and maintain contacts with bodies and agencies working directly with the needy, elderly and sick, in order to encourage referrals from them. Applications are also welcomed direct from individuals via the online application form, by email or by leaving a voicemail message. The trustees must avoid granting any assistsnce which has the effect of relieving public funds, and individuals seeking help from the Trust are expected lo have first claimed their full entitlement lo slate benefits, and such entitlements will in any event be taken into account in the assessment of their needs. Where support is given lo organisations whose operational base is outside the parish boundary, but which nevertheless provide significant setvices to persons living within the parish, information is obtained as lo the numbers and proportion of their beneficiaries coming from within the parish, or olhetwise detsils of the costs attributable to such beneficiaries. The level of assistance provided is assessed accordingly. Actlvltles Relatlng to Land The land that the Trust owns includes Allens Field, South Ascot Recreation Ground and South Ascot Village green all of which are made available for the public to enjoy through strategic partnerships with the Royal Borough of Windsor and Maidenhead and the Sunninghill and Ascot Parish Council. 31 Achlevements and Performance During the year lo 31 March 2025, the Trust distributed £95,779 in grants {year lo 31 March 2024.. £97,777). Within this, a total of £31,817 was granted across 26 individuals {year lo 31 March 2024.. £32,715 across 18 individuals), while £63,962 was granted across 10 organisalions (year lo 31 March 2024.. £65,062 across 13 organisations). Among the organisalions supported, the Trust is pleased lo continue its support of the Ascot District Day Centre for the valuable service it provides within the community with a further grant of £30,000. A grant of £10,000 was made lo Thames Hospice for its wonderful unwavering support and medical care, while a £8,000 grant was made lo Charters School for support in the enrolling of pupils on the Jamie's Farm initiative which beller equips young people lo cope with life's challenges. Case studies are available on our website al www.thesunninghilltrusl.org We have continued to strengthen our partnerships with local authorities and community groups with the aim lo maximise the reach lo potential beneficiaries. No better example of this has been our continuous engagement throughout the year with the Save The Novello Picture House campaign which was originally launched in January 2024. The campaign was focused on saving the 100 year old theatre on Sunninghill High Street from being sold for redevelopment by the Royal Borough of Vvindsor & Maidenhead IRBWMI. The focus of the campaign was lo raise funds lo lake over and operate the theatre as a community space, run and managed as an extension lo the next door Cordes Hall la registered charity linked lo the campaign). On 24 April 2024, RBWM agreed lo pul the theatre (which has been designated an Asset of Community Value} up for sale al an asking pri of £300,000. After commissioning an independent sile report and valuation, an investment proposal for the acquisition and subsequent slruclural renovation by the Trust of the theatre was prepared and approved on 24 June 2024 by the Trust's board of trustees. The investment proposal included full consideration of Iruslee duties noted within the Charity Commission guidance CC14 - Investing charity money- a guide for trustees. Page 3
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05."25 GMT (UTC *DI D 414 P 6R8 SUNNINGHILL FUEL ALLOTMENT TRUST TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 On 1 July 2024 the Trust submilled an offer of £300,000 lo RBWM to acquire the Ihealre. The plan is for the Trust to structurally renovate the theatre and then lease it lo Cordes Hall who will then be responsible for filling it out and the operational running as part of a community hub. Following ongoing community discussions, negotiations with RBWM, the carrying out of due diligence and the taking of legal advice, the Trust's board of trustees held an extraordinary meeting on 12 March 2025 when the decision lo purchase the theatre was formally approved. This will be a significant social investment for the Trust which will further the charitable aim of providing recreational facilities in support of social welfare. The completion of the acquisition happened after the year end on 30 May 2025. 41 Flnanclal Revlew Income and Expendlture Income from investments, rent and wayleaves for the year lo 31 March 2025 was £270,587, up 7Q/o from last year's figure of £252,552. Grants paid out lotslled £95,779 (year to 31 March 2024.. £97,777). Adminislralion costs increased to £31,477 (year to 31 March 2024.. £19,772) mainly due lo the slalulory audit costs required for the first lime. The amount spent on maintenance of land of £11,985 compared to £9,452 in the prior year. This meant that, after a small investment loss of £657, a nel surplus of £130,689 (year lo 31 March 2024.. surplus of £125,104) was added lo the Trust's unreslricled funds. As for the Endowment Fund, an increase of £314,601 (year lo 31 March 2024.. an increase of £397,425) was recorded. This was as a result of a valuation gain on investments of £199,560 (year lo 31 March 2024- £141,896), along with SANG receipts, the liming and pallern of which is somewhat unpredictsble, of £115,041 {year to 31 March 2024.. £255,529). Reserves Pollcy The calls upon the Trust's resources can be highly variable, and the trustees wish lo maintain the Trust's position as a dependable source of potential funding for local individuals in need and also for other charities or organisalions which, year after year, provide setvices which represent the practical furtherance of the Trust's charitsble objects. With a permanently endowed Capital Fund invested for the long term, there is a continued expectation that this will generate sufficient income for the Trust lo meet ils slated annual granl-giving largel of £100,000, as well as the annual land management and administration expenses. Therefore, the Iruslees do not consider il necessary lo set a tsrgeled level of free reserves lo meet the needs of beneficiaries al any particular point in lime. The unrestricted general fund of £929,377 lal 31 March 2024.. £798,688) is effectively the actual level of free reseNes and is higher than il might ordinarily need lo be. However, with the potential risks associated with the planned social investment, the Iruslees consider it reasonable lo maintain this level for a period of time while also assessing how much further granl-giving need is generated from the greater awareness of the Trust in the community arising from the social investment. Investment Pollcy The value of the pemianenlly endowed Capital Fund al 31 March 2025 was £6,654,250 lat 31 March 2024- £6,339,649). Page 4
VirtualSignalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15 05."25 GMT (UTC OI D 414 P 78 SUNNINGHILL FUEL ALLOTMENT TRUST TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 The bulk of these funds ie £5,519,789 lal 31 March 2024.. £5,320,229) is invested within two common investment funds with BlackRock Fund Managers Limited, the overall investment objective being lo achieve long-term growth of both capital and income. The dividend yield from the equity part of the investments was 3.30/0 in the year lo 31 March 2025 (same as the prior yearl, and the interest yield from the bond part of the investments was 3.7¥0 lyear to 31 March 2024.. 4.1 Q/ol. The remaining part of these funds is held is held within the COIF Charities Deposit Fund managed by CCLA Investment Management Ltd which yielded 4.40/0 across the year (year lo 31 March 2024.. 5.1 Q/o}. With a view lo maximising the long-term effectiveness of the Trust's capitsl and making it as impactful as possible, up to 150/0 of the Trust's permanent endowment can be allocated as an investment in property as part of a social investment. As al 31 March 2025, the allocated percentage was zero, although this will change with the posl-year end acquisition of the Novello Picture House and ils subsequent planned slruclural renovation. 51 Plans for the Future The key aims for the coming year are as follows.. Acquisition of the Novello Picture House, the appointment of an architect and project manager, the approval of a budget, and the commencement of the slruclural renovation programme of works. Review and approval of the potential lessee's business plan for the operational running of the theatre and the eslablishmenl of the social metrics lo aid the ongoing social impact measurement. These are key deliverables required prior lo the granting of any lease. Increase volunteer engagement as part of the Trust's community engagement plan and continue lo strengthen partnerships with community groups. Achieve a year-on-year increase in our grant giving activities by maximising our reach lo as many beneficiaries as possible. Approved by order of the members of the board of Trustees and signed on their behalf by.. w1[nDlD1JaÈ 15t622GPAT1rC) William Dalton {Chair of Trusleesl Dale.. 22 January 2026 Page 5
VirtualSignalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15 05".25 GMT (UTC OI D 414 P W28 SUNNINGHILL FUEL ALLOTMENT TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees are responsible for preparing the TrLJStees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the Charity and of ils incoming resources and application of resources, including its income and expenditure. for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been foll()wed, subject to any material departures disclosed and explained in the financial stalemenls., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Chariws transactions and disclose with re8sonable accuracy al any time the financial position of the Charity and enable them lo ensure that the financial slalements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on ils behalf by.. WiliÈMD9hth22JafjW15s23lTTGtOl William Dalton (Chair of Trusleesl Dale.. 22 January 2026 Page 6
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P 9R8 SUNNINGHILL FUEL ALLOTMENT TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUNNINGHILL FUEL ALLOTMENT TRUST Opinion We have audited the financial statements of Sunninghill Fuel Allotment Trust Ithe 'charilll for the year ended 31 March 2025 which comprise the Slalement of financial aclivilies, the Balance sheet and the related notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and RepLJblic of Ireland, (United Kingdom Generally Accepted Accounting Praclice)- The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice iSSLJed on 1 April 2005 which is referred lo in the extant regulations but has been withdrawn. This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. In our opinion the financial statements.. give a true and fair view of the stale of the charitys affairs as at 31 March 2025 and of ils incoming resources and application of resources for the year then ended., have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKI) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities 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 United Kingdom. including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern 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 work we have performed, we have not identtfied any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the charitys ability to continue as a going concem for a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concem are described in the relevant sections of this report. Page 7
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P ID128 SUNNINGHILL FUEL ALLOTMENT TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUNNINGHILL FUEL ALLOTMENT TRUST ICONTINUEDI Other information The other information comprises the information inclLJded in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and. in doing so, consider whether the other information is materially 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 inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise to a material misslatemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following mallers where the Charities {Accounts and Reports} Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Trustees, report is inconsistent in any material respect with the financial statements.. or sufficient accounting records have not been kept., or the financial statements a not in agreement with the accounting records and returns- or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the TTuslees' responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial stalemenls, the Trustees are responsible for assessing the charitys ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the Trustees either intend lo liquidate the charity or to cease operations, or have no realistic altemalive but to do so. Page 8
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15."05."25 GMT (UTC *DI D 414 P 11128 SUNNINGHILL FUEL ALLOTMENT TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUNNINGHILL FUEL ALLOTMENT TRUST ICONTINUEDI Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Audilorfs report that includes our opinion. Reasonable assLJrance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery. collLJsion, omission or misrepresentation. The specific procedures for this engagement that we designed and performed lo detect material misstatements in respect of irregularities, including fraud. were as follows: Enquiry of management and those charged with governance around actual and potential litigation and claims- Enquiry of management and those charged with governance lo identify any material instances of non- compliance with laws and regulations., Reviewing financial statement disclosures and testing lo supporting documentation to assess compliance with applicable laws and regulations., Performing audit work to address the risk of irregularities due to management override of controls, including testing of joumal entries and other adjustments for appropriateness, evaluating the business rationale of significant tr8nsactions outside the normal course of business and reviewing accounting estimates for evidence of bias. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al.. www.frc.or .uklauditorsres onsibilities. This description forms part of our Auditor's report. Other matters The financial statements for the year ended 31 March 2024 were not audited. Page 9
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P 12128 SUNNINGHILL FUEL ALLOTMENT TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUNNINGHILL FUEL ALLOTMENT TRUST ICONTINUEDI Use of our report This report is made solely to the charills trustees, as a body, in accordance with Part 4 of the Charities {Accounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Iruslees those matters we are required lo stale to them in an Auditovs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed. James Cowper Kreston Audit Chartered Accountants and Statutory Auditor The White Building 4 Cumbertand Place Southampton S015 2NP Dale.. 23 January 2026 James Cowper Kreston Audit are eligible lo act as auditors in terms of section 1212 of the Companies Act 2006. Page 10
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P 13128 SUNNINGHILL FUEL ALLOTMENT TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 As restated Total funds 2024 Unrestricted Endowment funds funds 2025 2025 Total funds 2025 Note Income and endowments from.. Charitable 8Ctivities Investments 115.041 115.041 270,587 255,529 252,552 270,587 Total income and endowments 270.587 115.041 385.628 508,081 Expenditure on: Charitable activities.. Grants payable Land maintenan Management and administration 95,779 11.985 31.477 95,779 11.985 31.477 97,777 9,452 19,772 Total expenditure 139,241 139,241 127,001 Net Income before net Ilosses)Igalns on Investments Nel Ilossesllgains on investments 131.346 16571 115,041 199,560 246,387 198,903 381,080 141,449 Net movement in funds 130.689 314.601 445.290 522,529 Reconciliation of funds.. Total funds brought forward Nel movement in funds 798,688 130,689 6,339.649 314,601 7,138.337 445,290 6,615,808 522,529 Total funds carried fonNard 929.377 6,654.250 7,583.627 7,138,337 The Ststemenl of financial activities includes all gains and losses recognised in the year. The notes on pages 13 to 26 fomi part of these financial statements. Page11
VirtualSignalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15 05-.25 GMT (UTC OI D 414 P 141?8 SUNNINGHILL FUEL ALLOTMENT TRUST BALANCE SHEET AS AT 31 MARCH 2025 As restated 2024 2025 Note Fixed assets Investments 12 5,$49.953 5,351,050 5,549,953 5,351,050 Current assets Debtors Cash at bank and in hand 13 66.358 1,981,898 304,714 1,483,407 2.048,256 1,788,121 Current liabilities Creditors.. amounts falling due within one year 14 (14,5821 18341 Net current assets 2,033,674 1,787,287 Total assets less current liabilities 7,583.627 7,138,337 Total net assets 7,583.627 7,138,337 Charity funds Endowment funds 16 6,654,250 929,377 6,339,649 798,688 Unrestricted funds 16 Total funds 7,583.627 7,138,337 The financial statements were approved and aulhorised for issue by the Trustees on and signed on their behalf by.. lIDBncjYn211S.52¢1TirGU William Dalton (Chair of Trusleesl 22 January 2026 The notes on pages 13 to 26 form part of these financial statements. Page 12
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P 15128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required lo provide a true and fair, view. This departure has involved following the Charities SORP IFRS 102} published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practi effective from 1 April 2005 which has since been withdrawn. Sunninghill Fuel Allotment Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy. 1.2 Income All income is recognised once the Charity has enlillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Income lax recoverable in relation lo investment income is recognised at the lime the investment income is receivable. Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where il is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported nel of these costs.11 is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charills right to receive payment is established. A valuation has not been made of the benefit lo the charity of voluntary services donated by tnjstees. Income arising from the SANG (Suitable Alternative Natural Gen Space) arrangement is recognised as the Charity's entillemenl to receive payment is established, receipt becomes probable and the amount can be measured reliably. The funds received are held and invested in accordance with the trusts of the permanent endowment, unless and until the Trustees resolve lo release the restriction under the Charities Act. Page 13
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P 16128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 1.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apporboned between those activities on a basis consistent with the use of resources. All support costs are allocated lo the grant giving charitable aclivily. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitys objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions allaching are fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a commitment, bLJt not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 1.4 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured al fair value at the Balance sheet date. unless the value cannot be measured reliably in which case it is measured al cost less impairment. Investment gains and losses, whether realised or unrealised. are combined and presented as 'Gainsl{Losses) on investments, in the Statement of financial activities. Investments held as fixed assets are shown at cost less provision for impairment. 1.5 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-lerm highly liquid investrnenls with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 1.7 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past event. it is probable that a transfer of economic benefit will be required in selllemenl, and the amoLJnt of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay lo settle the debt or the amount il has received as advanced payments for the goods or services it musl provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the time valLJe of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the discoLJnt is recognised in the Statement of financial activities as a finance cost. Page 14
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15."05."25 GMT (UTC *DI D 414 P 17128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (continued) 1.8 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measLJred at amorbsed cost using the effective interest method. 1.9 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investment income. gains and losses are allocated to the appropriate fund. Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions.. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition. seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. Critical areas of judgment.. The classification and accounting treatment of income received under the SANG (Suitable Alternative Natural Green Space) arrangement relating to the grant of a long-lerm lease of Allen's Field has reqLJired significant judgement. Following legal advice. the Trustees have determined that the payments received from the Royal Borough of Windsor and Maidenhead under the SANG deed constitute consideration for the grant of the lease. and that the grant of the lease constitutes a disposal of the underlwng asset under charity law. As such, these receipts are credited to the Endowment fund. The Trustees have considered alternative treatments and have concluded that, in the absence of a resolution to release the restriction under the Charities Act, the proceeds must be held on the same trusts as the investment permanent endowment. This judgement has a material impact on the presentation of the Charitys funds and is disclosed in accordance with FRS 102 and the Charities SORP. Page 15
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P 18128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities Endowment funds 2025 Total funds 2025 Total funds 2024 SANG relating to Allens Field 115,041 115,041 255,529 Total 2024 255.529 255,529 Monies received from the Royal Borough of Windsor and Maidenhead relate to the granting of SANG (Suitable Allernalive Natural Green Space) on a 99 year lease of Allens field (signed 2012-131. This is payable for residential units more than 400 metres and less than 5km from the boundary of Chobham Common. Investment Income As restated Total funds 2024 Unrestricted funds 2025 Total funds 2025 Rents and way-leaves Dividends and interest from common investment funds.. Charishare Charinco Interest from common deposit fund 4,599 4,599 5,375 178,300 8,871 78,817 178,300 8,871 78.817 173,046 9,919 64,212 270,587 270,587 252,552 Total 2024 as restated 252,552 252,552 Page 16
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15."05."25 GMT (UTC *DI D 414 P 19128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of grants Grants to Grants to Institutions Individuals 2025 2025 Total funds 2025 Total funds 2024 Grants 63,962 31,817 95,779 97,777 Total 2024 65,062 32.715 97,777 The Charity has made the following material grants to institutions during the year- 2025 2024 Name of institution Citizens Advice Bureau The Dash Charity Berkshirè Vision Ascot Dislriel Day Centre Thames Hospice South Ascot Guides Charters School Cheapside School St Michaels School All Souls Church - warm spaces support 3,250 6,250 6,000 1,906 30,000 6,750 1,900 2,775 1,707 3,760 30,000 10.000 11,125 3,393 5,500 61,528 62,788 Other grants to institutions 2.434 2,274 63.962 65,062 Page 17
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P 2D128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2025 Total 2025 Total 2024 Charitable activities- Support & other costs Charitable activities- Direct costs 127,256 11,985 127,256 11.985 117,549 9,452 139,241 139,241 127,001 Total 2024 127,001 127,001 Summary by activity Activities undertaken directly 2025 Grant funding of activities 2025 Support costs 2025 Total funds 2025 Total funds 2024 Charitable activities - Support & other costs Charitable activities- Direct costs 95,779 31,477 127.256 117,549 11,985 11.985 9,452 11,985 95,779 31,477 139,241 127,001 Total 2024 9,452 97,777 19,772 127,001 Page 18
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15."05."25 GMT (UTC *DI D 414 P 21128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Land maintenance Unrestricted funds 2025 Total funds 2025 Total funds 2024 Allotment gardens-waler charges Bog Warden - management of allotment gardens and general maintenance of the land Tree felling and surgery Allotment fencing and signs Sundry 543 420 4,800 5,520 4,800 5.520 5,000 3,120 814 98 1,122 1,122 11,985 11.985 9,452 Management administration of the charity Unrestricted funds 2025 Total funds 2025 Total funds 2024 Clerk's remuneration and allowances Office costs 5,800 116 5.800 5,400 476 IT and website related costs Insuran (public and employers liabililyl Independent examiners fee and bookkeeping Accounts preparation fees Legal regarding recreational ground lease Consullancy-communily engagement plan Advertising Sundry Audit fees 1,476 2,386 1,757 2,760 4.087 1,476 2.386 1.757 2,760 4,087 2,293 2,384 2,449 5.035 750 300 685 1,605 11.490 1,605 11,490 31,477 31.477 19,772 Auditorfs remuneration 2025 Fees payable lo the Charills auditor for the audit of the Charity's annual accounts 11.490 Page 19
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P 128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Staff costs 2025 2024 Wages and salaries 5,800 5,400 5,800 5,400 The average number of persons employed by the Charity duiing the year was as follows- 2025 No. 2024 No. Average No of Employees No employee received remuneration amounting to more than £60,000 in either year. The key management personnel of the charity comprise the Trustees. The total employee benefits of the key management personnel was £nil {2024.. £nil}. 11. Trustees. remuneration and expenses During the year. no Trustees received any remuneration or other benefits12024 - £NILI. During the year ended 31 March 2025, expenses tolalling £17 were reimbursed or paid directly to 1 Truslee12024 - £nil to Trustee). Page 20
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05."25 GMT (UTC *DI D 414 P 23128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Fixed asset investments Charlnco Charlshare Total Cost or valuation At 1 April 2024 Gainsl{lossesl 240.843 (5,3781 5,110,207 204.281 5,351.050 198.903 At 31 March 2025 235,465 5,314,488 5,549,953 The investment objective of Charishare is lo achieve capital growth while providing an increasing income over the medium lo longer term to combat the effects of inflation. The investment objective of Charinco is to provide a high level of income from a managed portfolio of fixed interest securities. At 31 March 2025, the total value of fixed asset investments had increased to £5,549,953 12024.. £5,351,050). This comprised £5,519,78912024'. £5,320,229) in the endowment fund and £30,164 12024.. £30,821) in unrestricted funds. During the year, the investments experienced nel gains of £198,903 {2024'. 141,4491. This consisted of a gain of £199,560 12024.. £141,896) within the endowment fund, partially offset by a loss of £657 12024.. £4471 in unreslricled funds. The Charishare portfolio generated gains of £204,281 {2024.' £145,108), whilst Charinco recorded a nel loss of £5,37813,6591. 13. Debtors 2025 2024 Due within one year Prepayments and accrued income 66.358 304,714 66,358 304,714 14. Creditors: Amounts falling due within one year 2025 2024 Accruals and deferred income 14,582 834 Page 21
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15."05."25 GMT (UTC *DI D 414 P 24128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Prior year adjustments The Charity has made the following adjustments in respect of the year ended 31 March 2024= A prior year adjustment has been made to increase investment income by £4,556 as a result of a change in accounting for investment income from a cash basis to an accruals basis. The overall impact on the balance sheet al 31 March 2024 was to increase total charity funds by £49,190 with the accounting for accrued income. A prior year adjustment of £608,063 has been made to increase the cash al bank and in hand and decrease fixed asset investments and has a £nil impact on the total funds. The error related lo a classification error of bank balances in the prior year. A prior year adjustment of £157,433 has been made to reclassify land maintenance expenditure from endowment fLJnds to unrestricted funds in prior year. The overall impact on the total funds is £nil. Page 22
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC DI D 414 P 25128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Statement of funds Statement of funds - current year As restated Balance at 1 As resLed April 2024 Income Expenditure Balance at 31 March 2025 Gainsl (Losses} Unrestrlcted funds Income fund 798,688 270,587 {139,2411 (6571 929,377 Endowment funds Trust capital SANG 4,120,714 2,218,935 199,560 4,320,274 2,333,976 115,041 6,339.649 115.041 199.560 6,654.250 Total of funds 7,138,337 385,628 {139.2411 198,903 7,583,627 Endowment Funds This represents the invested proceeds from sales of endowed land, and as such must be held permanently by the Charity. The Charills land holdings form part of its permanent endowment. having been allolled to the Charity under the inclosure award of 1817 or. in the case of certain parcels, taken in exchange for land originally allotted. The whole land holding is not capilalised in the balance sheet as it is considered that the cost of obtaining a reliable valuation would outweigh the benefit to the users of the financial statements. All payments received as part of the SANG arrangement with the Royal Borough of Windsor and Maidenhead (see note 21 are allocated lo endowment funds. The funds will remain invested for as long as the SANG arrangement is in pla. with the income generated being used lo further the Trust's charitable purposes. Page 23
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05".25 GMT (UTC *DI D 414 P 26128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Statement of funds Icontinuedl Statement of funds - prior year As restated Balance at As restated 1 April 2023 Income Balance at 31 March 2024 Gainsl (Losses) Expenditure Unrestrlcted funds Income fund 673,584 252,552 1127,0011 14471 798,688 Endowment funds Trust capital SANG 3,978,818 1,963,406 141,896 4,120,714 2,218,935 255,529 5,942,224 255,529 141,896 6,339,649 Total of funds 6,615,808 508,081 1127,0011 141,449 7,138,337 Page 24
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15."05."25 GMT (UTC *DI D 414 P 27128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted Endowment funds funds 2025 2025 Total funds 2025 Fixed asset investments Current assets Creditors due within one year 30,164 913,795 114,5821 5,519,789 1,134,461 5,549,953 2,048,256 (14.5821 Total 929,377 6,654,250 7,583,627 Analysis of net assets between funds - prior year As restated As restated Unrestricted Endowment As restated funds funds All funds 2024 2024 2024 Fixed asset investments 30,821 768,701 18341 5,320,229 1,019,420 5,351,050 1,788,121 18341 Current assets Creditors.. amounts falling due within 1 year Total 798,688 6,339,649 7,138,337 18. Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Nel income for the year las per Statement of Financial Activities) 445,290 522,529 Adjustments for- Losses on investments Decreasellincreasel in debtors Increaselldecreasel in creditors 1198,9031 1141,4491 253,924 136,3221 13.748 11271 Net cash provided by operating activities 514,059 344,631 Page 25
Virtual&gnalur£ Transaction Rel R7VP-OWXV-DBH2 22Jan 2026 15".05."25 GMT (UTC *DI D 414 P 28128 SUNNINGHILL FUEL ALLOTMENT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Analysis of cash and cash equivalents 2025 2024 Cash in hand 1.981.898 1,483,407 Total cash and cash equivalents 1.981,898 1,483,407 20. Analysis of changes in net debt At 1 April 2024 Cash flows At 31 March 2025 Cash at bank and in hand 1,483,407 1.106,554 2,589,961 1,483.407 1.106,554 2,589.961 21. Related party transactions There have been no related paty transactions in the reporting period. 22. Post balance sheet events The Charity completed the purchase of Novello Picture House Theatre on 30 May 2025 for £300,000. Page 26