2025-12-31-accounts

Weavers, Almshouse Charities Charity No: 245453 Trustee's Report & Financial Statements For the Year Ended 31 December 2025

Contents Page General Information Trustee's Report Independent Auditorfs Report Flnanelal Statements Statement Df Financial Activities io Balance sheet li Cash flow statement 12 Notes to thè Financial Statements 13-22

Weavers, Almshouse Charities 31 December 202S General Information Full Name.. The Weavers, Almshouse Charities Registered Number: 2454S3 Governing Instrument: Scheme of the Charity CommissioA dated 24 October 1968 Trustee.. The Worshipful Company of WÈavÈrs Registered Address.. Saddlers, House Gutter Lane London EC2V 6BR Telephone.. [phone] Email.. [e-mail] Website: www.weavers.org.uk Clerk to the Trustee.. James Gaselee Bankers.. CH03re &Co 37 Fleet Street London EC4P 4DQ Investment Advisors.. Canaccord Ger)uity 88 Wood Street London EC2V 7QR Solicitors.. Lee Bolton Monier-Wllli2ms l The Sanctuary London SWIP 3JT Auditors: Buzzacott Audit LLP 130 Wood Street London EC2V 6DL

Weavers, Almshouse Charitie5 31 December 2025 Trustee's Report Details of Trustee The Trustee is the Worshipful Company of Weavers (the 'Weavers' Comp3ny'l, which is governed by the Court of Assistants. The members of the Court at the date the accounts were signed, or who served during the year, were as follows.. Mr A.1 Winterton Mr P.M.J. 8axendell Mr P.G. Cattermull Mrl.R.H Baglev Mr N.P.M. Morris R.J. Ridley Ms R Parnickzky lappointed 7 October 20251 Mr L.B. Tharp H.M. KingCharles111 Mr R.W. Townsend Mrl.G.Y Radcliffe, o.e.E, QV.R.M, T.D Mr C.D.R. Collinge Mr F,J. St. l. Tibbitt5 MrJ.L.C. Winterton Mr E.C.A.Martineau Mrs H.5. Wallace-jones MrJ,F. Nugee MIT.H.M. Gaddum Mr J. Garbutt IP, High Sheriff of Greater MrD.R.D. Hopkins London Mr P.J.H. Towler Mr W.1. Makower Mr P.C.E Morris Mrs P.C. Ouvry-lohns Mr G Eastwood13ppointed 25 July 20251 Mr S.C. Combey (resigned 7 October 20251 The following co-opted liverymen served on the Almshouses Committee during the year.. G. Court3uld Inr Rt Revd. A.J. Proud T.H. Bacon Structure, governance and management The Weavers, Almshouse Charities 15 a registered charity, linked with the foimer We3vers' Pension Ch3rities and togethergoverned by a Scheme of the Charity Commission sealed in 1968 to bring together many of the smaller charities of the Weavers, Company. These smaller charities were all dissolved, and their as5et5 transferred into the Weavers, Compènv Benevolent Fund as at 31 December 2013, hence only the Weavers, Almshouse Charities remain of the charities governecl by the 1968 scheme. With effect from l April 2025. the charity voluntarily de-registered from the Register of Social Housing Providers under Settion 119 of the Housing and Regeneration Act 2008. Members of the Court of As51Stants are recruited from within the Livery of the Company. A Selection Committee meets every year tu consider suitable members from within the Livery and makes recommendations to the Trustee. They will normally have had previous experience on one or more of the Company's committees. They receive a briefin8 on their responsibilities, and their attention is drawn to the relevant Charity Commission publications, includlng The Essential Trustee: What you Need to Know, What You Need to Do." The Compan¢s Almshouses Committee meets twice per annum to determine matters specifically affecting the Almshouses. In addition, the House Committee acts as a support to the staff who provide the day-to-day management. For govern3nce purposes, the charity generally follows the guidance of the Almshouse Association.

Weavers, Almshouse Charities 31 December 2025 Trustee's Report {continuedl In 2025, the Court of the Weavers, Company discussed the future of the Weavers, Almshouses and considered them to be an integral aspect of the work and spirit of the Company. Oblectives and actlvitles The object of the Weavers, Almshouse Charities is to provide Almshouses for elderly person5 at Weavers, House, New W3nstead, working with the London Borough of Redbridge to achieve these objectives. Weavers, House has been providing sheltered almshouse accommodation since 1859. The buildings have been modernised many times since then and now consist of two double bedroom flats, 16 one-bedroom, two person flats. 18 one-bedroom, single occupancy flats and two studio flats, plus staff accommodation and a guest room. In 2013 the roofs on all the buildings were ￿plaCed and the exterior redecorated and 2 planned programme of refurbishing bathrooms and kitchens is place. Public benefft As noted above, the objects of the charity are for the benefit of the public. The Trustee has taken due account of the Charity Commission's guidance on Public Benefit when allocating the almshouse accommodation and when considering the activities and achievements of the charity. The charity is able to significantly improve the quality of life of a number of residents, p3rticulaAy those without families, by providing social events and other personal support. Achievements and performance The buildings continue to provide much needed accommodation for elderly persons in the London Borough of Redbridge, and the prevailing low void r3tè demonstrates that it 15 meeting the needs of the local community. Financial Revlew Total income for the year amounted to £517,85212024.. £505,7181. Charitable expenditure amounted to £417,23012024'. E367,3771. After gains on investments there w35 net income of £312,52412024.. £228,399), In addition, £74,105 was also spent on refurbishing kitchens and bathrooms and replacing boilers12024.. £19,043). This is reflected in the 8a13nce sheet, the C8sh Flow Statement and note 9. There was a net increase in unrestricted funds of £276,40212024-. £142,574) to 8 total of £1,853,68712024.. £1,577,285). The increase was made up of an increase of £137,929 in the Gener21 Fund12024: £149,760) and a £138,473 increase in the Designated Maintenance Funds 12024: decrease of £7,186). Cash increased in the year by £74,73312024.. £57,708). The Trustee believes that these funds provide adequate security to eriable the charity to continue providing a good standard of accommodation for elderly persons in the London Borough of Redbridge and that the designated maintenance funds will enable the property lo be maintained and upgraded as required.

Weavers, Almshouse charities 31 December 2025 Trustee's Report (continued) Investment pollcy and performance The charity's investments are amalgamated with those of the Weavers, Company Benevolent Fund in a sin8le porifolio. They are overseen by the Company's Investment Comtllittee, who, during the year, wpre advised by Canaccord Genuity. The strategy has a balanced investment objective and a moderate risk emphasis. At 31 December 2025 the market value of investments was £1,718,008 12024-. £1,506,106). During the year no funds were withdrawn from investments12024.' 3 net withdrawal Of E25,0(KJl, Risk management and principal risks The a55essment of rlsk is embodied in the management of the charity. A quinquennial survey is undertaken by the ch3rit¥'s surveyor, and his recommendations are followed up. The Weavers, Company Audir Committee also carries out formal risk assessments of all the operations of the charity, with a view to identifying and mitig3ting any risks to which the charity might be exposed. These are seen as being the effects of future Government constraints on rent levels and the need to keep pace with the increased expectations of future residents in respect of the accommodation provided. A business continuity plan has been completed and adopted by the Almshouse Committee. The Trustee does not believe that there is any material risk that the charity could not continue a5 a going concern. Reserves The reserves policy has been established after careful consideration of the charity's likely ongoing commltments to existing residents, the expected future trends in applications for assistance and the sources and ieliabilily of income. At 31 December 2025, unrestricted reserves, including designated funds, totalled £1,853,68712024.' £1,577,285). Free reserves, being unrestrlcted reserves excluding designated funds were £1,294,64312024: £1.156,7141. Given the charity s strong financial position, the Trustee has not specified 3n exact level of target reseNes, but the policy and the level of free reserves are reviewed annually by the Trustee. The expectation is that the charity will balance income and expenditure, and any surplus will either be added to the Cyclical Maintenance or Extraordinary Repair Funds to meet the cost of future planned or extraordinary repairs and mainten3nce or carried forward to meet future commitment5. The charity has met the Almshouse Association's recommendations for transfer to the designated Extraordinary Repair5 Fund and the Cyclical Maintenance Fund during the year1£30,0(K) and £70,4SO respectively). Related Partle5 The Weavers, Almshouse Charities and the Weaver5' Company 8enevolent Fund are administered by a common Trustee, who at 31 December 2025 was the Weavers, Company. A portion of the administration expenses of the charity is reallocated by the Weavers, Company 12025.. £69,739. 2024: £58,9631. This and other related party transactions are disclosed in note 18 to the accounts.

Weavers, Almshouse Charities 31 December 2025 Trustee's Report Icontinuedl Statement of Trustee's responsibilitles The Trustee is responsible for preparin8 thè Trustee's Report and the financial statements in accordance with applicable law and UK Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustee to prepare, for each financial year, financial statements which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources of the charity for that period. In preparing those financial statements, the Trustee is required to.. al select suitable accounting policies and then apply them consistently; bl observe the methods and principles in the Charities SORP,. cl make judgements and estimates that are re3sonable and prudent,. dl State whether applicable 3ccounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and el prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity wi11 continue to operate. The Trustee is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable it to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the governing document. The Trustee is 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 the Trustee on 3 June 2026 and signed on its behalf PG Catermull Renter Bailiff

Weavers, Almshouse Charities 31 December 2025 Independent auditors. report to the Trustee of the Weavers, Almshouse Charitles Opinion We have audited the financial statements of The Weavers, Almshouse Charities (the 'chariWI for the year ended 31 December 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows, prlncipal accounting policies and the notes to the financial statements. 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 irn the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practicel. In our opinion, the financial statements.. + give a true ancl fair view of the state of the charity's affairs as at 31 December 2025 and of its incoming resources and application of resources for the year then ended,. * have been propeily prep3red in accordance with United Kingdom Generally Accepted Accounting Practice; and • have been prepared in accordance wlth the requirement5 of the Charities Act 2011, Basls for Opinion We conducted our audit in accordance with I nternatlonal Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those 5tand3rds are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethic31 requirements that are relevant to our audit of the financial statements In the UK, including the FRUS 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 to provide 3 basis for our opinion. Conclusions relating to going concem In auditing the financial statements, we have concluded that the Trustee's uge of the 80ing concern basis of accounting In the preparation of the firiancial statements is appropriate. ased on the work we have performed. we have not identified any mateiial uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's 3bilily to continue as a going concern for a period of at least twelve months from when the fin3ncial statements are authorisecj for issue. Our responsibilitles 3nd the responsibilities of the Trustee with respect to going concern are described in the relevant sections of this report.

Weavers, Alrnshouse Charitiès 31 December 2025 Independent auditors, report to the Trustee of the Weavers, Almshouse Charitles Icontinuedl Other informatlon The other information comprlses the information incltjded in the Trustee's Report & Accounts othèr than the financial statements and our auditor's report thereon. The Trustee 15 responsible for the other information contained withirl the Trustee's Report & Accounts. Our opinion on the financia5 statements doe5 not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility 15 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 aLJdlt or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement 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 exceptlon In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustee'5 report. We have nothing to report in respect of the following Matters in relation to which the Charities IAccounts and Reports) Regulations 2(X)8 requires us to report to you if, in our opinion.. + the information given in the Trustee's report is inconsistent in any material respect with the financial statements,. or sufficient accounting records have not been kept,. or • the financial statements are not agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Responslbllitle5 of Trustee As explained more fully in the 5t8tement of Trustee's responsibilities, the Trustee is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for SLfch intern31 control as the Trustee determines is necessary to en3ble the preparation of financial statements that are free from material mlsstatement, whether due to fraud or error. In preparing the financial statements, the Trustee 15 responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustee either intend5 to liquidate the charity or to ce25e operations, or has no realistic 3lternative but to do so.

Weavers, Almshouse Charities 31 December 2025 Independent audltor5' report to the Trustee of the Weavers. Almshouse Charitles Icontinuedl Auditorfs responsibilitles for the audit of the financial ststements We have been appointed as auditor under settion 144 of the Charitles Act 2011 and report in accordance with the Act and relevant regulations made or having effett thereunder. Our objectives are to 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 auditorfs reportthat include5 our opinion. Reasonable assurance 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 misstatementwhen it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the agEregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures In line with our responsibilities, outlined above, to detect material tnisstaternents in respect of irregularities, includin8 fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below-. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. we identified the laws and regulations applicable to the charity through discusslons with those charged with governan￿ and other management, and from our knowledge and experience of the sector,. we focused on specific laws and regulations which we considered may have a direct material effect on the fin3ncial statements or the operations of the charity, including the Charities Act 2011, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and Accountin8 and Reporting by Charitie5'. Statement of Recommended Practice applicable to ch?rities preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP FRS 1021,. and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence. We corroborated D￿r enquiries throu8h our review of minutes of meetings of those charged with governance. We assessed the susceptibility Df the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by- making enquiries of management as to their knowledge Df actual, Suspected and 211eged fraucl- and considerin8 the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

Weavers, Almshouse Charities 31 December 2025 Independent auditors, report to the Trustee of the Weavers, Almshouse Charitles Icontinuedl To address the risk of fraud through management bias and override of controls, we.. performed analytical procedures to identify any unusual or unexpected financial relationships,. performed substantive testing of expenditure including testing the authorisation thereof,. and tested journal entries to identify unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosureg to underlying supporting documentation,. reading the minutes of meetings of those charged with governance,. reviewing legal expenses incurred in the year., and enquiring of management as to actual and potent121 litigation and clairns. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedure s required to identify non-compliance with laws and regulations to enquiry of the Trustee and other management and the inspection uf regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsiblllties. This description forms part of our auditor's report. Use ofour report This report Is made solely to the charity's Trustee, 3S 8 body, in accordance with Part 4 of the Charities (Accounts znd Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Trustee those matters we are required to state to them in an auditor's 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 the charity's Trustee as a body, for our audit work, for this report, or for the opinions we have formed. Buzzacott Audit LLP Statutory Auditor 130 Wood Street London EC2V6DL Date Buzzacott Audit LLP 15 eligible to act as an auditor in terms of sectlon 1212 of the Companies Act 2006

Weavers, Almshouse Charities 31 December 2025 Ststement of Financial ActivitSes for the Year Ended 31 December 2025 Notes Unrestrlcted Endowment funds funds Total funds Total 2025 2025 2025 2024 INCOME Investments 45,274 30,000 45,274 30,000 44,766 30,000 Donations Charitable activlties: Residents, contributions Totsl income EXPENDITURE Charltable actlvltles Almshouse accommodation 442,578 517,852 442.578 517.852 430,952 505,718 Operating costs Administration expenses Total expenditure Net income/lexpenditurel before gain5 on investments Net gains orn investments Net incomellexpenditurel for the year Transfers between funds 290,922 79,939 370,861 46,369 337.291 79,939 417,230 298,514 68,863 367,377 46,369 146,991 211,902 358,893 146,3691 100,622 211,902 312.524 138,341 90,058 228.399 io 146,369} 15 182,4911 276,402 1,577,285 1,853,687 82,491 Net movement in funds Funds brought forward Funds carried forward 36,122 1,690.497 312,524 3,267,782 3,580,3( 228.399 3,039,383 3,267,782 1,726,619 The notes on pages 13 to 22 form part of these financial statements. For a full comparative SOFA see note 19. io

Weavers, Almshouse Charities 31 December 2025 Balance Sheet as at 31 December 2025 Notes 2025 2025 2024 2024 Fixed Assets Tangible.. Almshouse property Investments 1,757,724 1,718,008 3,475,732 1,721,962 1,506,106 3,228,068 io Current Assets Debtors li 2,871 162,617 165,488 4,009 87,884 91,893 Cash at bank 2nd in hand Creditors Amounts falling due within one year 12 30,931 21,810 Net current assets 134,557 70,083 Total assets less current Ilabilities 3,610,289 3,298,151 Credltors: Amounts falling due after one year 13 129,9831 130,3691 Net assets 3,580,306 3,267,782 Funds Unrestricted Funds.. General Funds 14 1,294,643 559,044 I,IS6,714 420,571 Designated Funds 14 1,853,687 1,726,619 3,580,306 1,577,285 1,690,497 3,267,782 Endowment Funds 15 Total The notes on pages 13 to 22 form part of these financial statements. Approved by the Trustee on 3 June 2026 and signed on its behalf by. PG Cattermull Renter Bailiff li

Weavers, Almshouse Charities 31 December 202S Cash flow 5tatement- for the year ended 31 December 2025 2025 2024 Net movement in funds 312,524 228,399 Investment gain5 Deduct.. investment income shown in investin6 activitiès Add.. depreciation Decrease in debtors 1211,9021 145,2741 190,0581 144,7661 42,623 46,369 1,138 1,700 Increase/ldecreasel in creditors lexcluding loans) Net cash from operatlng actlvltles Cash flows from investing activlties Investment income 9,121 121,4851 111,976 116,413 45,274 44,766 Purchase of investments 150,0001 75.000 Proceeds from sale of investments Purchase of tanglble fixed assets 182,1311 136,857 1128,1201 158,3541 Net cash used in investing actlvltles Cash flows from financing activltie5 Repayment of loans 13861 74.733 13511 Increase in cash and cash equivalents in the year 57.708 Cash and cash eqL¢ivaleftts at the start of the year Total cash and cash equSvalents at the end of the year 87,884 30,176 162,617 87.884 12

Weavers, Almshouse Charities 31 December 2025 Notes to the account5 for the year ended 31 December 2025 l. Accounting Policies 1.1 Basls of preparation The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021. The charity is a public benefit entity for the purposes of FR5102 and therefore the charity has also prepared its financial statements in accordance with Accounting and Reporting by charities= Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of I reland (the FRS 102 Charities SORPI. The financial Statements also comply with the Charities Act 2011 and regulations made thereunder, except th3t the Charities Accountin8 and Reportin8 Regulations 2008 specify the application of the 2005 Charities SORP, which has now been withdrawn. These financial statements depart from the regulations and apply the current SORP in order to maintain a true and fair view. In prior year5, before de-registration, the accounts were prepared in accordance with the Statement of Recommended Practice.. Accounting by Registered Social Housing Providers 2014 12018 update) and the Accounting Direction for Private Registered Providers of Social Housing from January 2019. The accounts are presented in sterling and rounded to the nearest pound. In preparing the accounts, the Trustee has assessed whether the use of the going concern basis 15 appropriate and has considered possible events or conditions that might cast significarnt doubt on the ability of the charity to continue as a going concern. The Trustee has Made this assessment for a period of at least one year from the date of approval of the financial statements. In view of the level of assets held, the Trustee has concluded that there is reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable fLJtuie. The charity therefore continues to adopt the going concern basis in preparing it5 financial statements. I n the view of the Trustee, in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements, nor do any estimates or assumptions made carry o significant risk of material adjustment in the next Iinantial year. 1.2 Basis of Accountin8 Assets and liabilities a￿ initially measured at cost or transaction value. Market investments are re-measured at fair value at the balancè sheet date. The market bid price is taken as fair value as the charity only holds simple financial instruments. Changes in fair value are dealt with through the Statement of Financial Activities. 1.3 Income Income is recognised on an accruals basis. Donations for immediate expenditure are accounted for when they become receivable. A donation is receivable at the point when the charity is entitled to the income, its receipt is probable and the amount due can be quantified with reasonable accuracy. Donations received for specific purposes are treated as restricted funds. Grants restricted to future accounting periods are deferred and recognised in those periods. 13

We8vers' Almshouse Charities 310ecember 2025 Notes to the accounts for the year ended 31 December 2025 Icontlnuedl l. Accounting Policie5 Icontlnuedl I nvestmer>t income, including interest, is recognised when receivable. 1.4 Housing property Housing properties at I january 2014 were restated at a deemed cost on adoption of FRS102 and subsequent additions are stated at actual cost. Depreciation is applied on a component basis, with different rates used for assets with materially different useful econornic lives. Further to the deemed cost amendment, foL¢r components are currently distinguished.. Historic structure- 200 years Roofing- 100 years athroom and kitchen rep13cement- 20 years 80ilers & other- lo years For assets with an estimated useful life of greater than 50 years, the Trustee considers annuallv whether there is any evidence of impairment. 1.5 Fixed asset investments Investments are included in the accounts at thelr market value. 1.6 Deslgllated funds The charity has designated funds for Cyclical Maintenance and Extraordinary Repairs. Amounts transferred into these funds reflect a pro8ramme of planned works whereas amounts transferred from the funds represent amounts actually spent. Details of designated funds are shown in note 14. 1.7 Expenditure Expenditure is recognised on an accrua15 basis. Seivice costs include all expenses directlv incurred in the running of the Almshouse5. Support costs are included in management expense5. 1,8 Value Added Tax The charity is not registered for VAT. In these financial statements, where applicable, expenditure is shown inclusive of VAT. 1.9 Taxation Weavers, Almshouse Charities is a registered charity and is therefore exempt from liability to taxation on it5 income and capital gains, provided that these are expended in accordance with its charitable activities. 2. Key management Key management are defined as the Trustee and the Clerk to the Trustee, None of the persons in office received any emoluments. A contribution towards the emoluments of the Clerk to the Trustee is included in administration expenses alloc3ted by the Weaver5' Company. 14

Weavers, Almshouse Charities 31 December 2025 Notes to the accounts for the year ended 31 December 2025 Icontlnuedl 3. Investment income 2025 2024 Investment portfolio income Bank interest Total 43,124 2,150 45.274 43,067 1,699 44,766 4. Donations received 2025 2024 Donation frorn the Weavers, Company 30,000 30.000 5. Residents. contributions 2025 2024 Gross contributions Voids Guest room & other receipts Net contrlbutlons 455,023 114,5651 2,120 442,578 438,428 110.2D31 2,727 430.952 The rent losses from voids were 3Yo12024.. 2%) of the total possible income from rent. 6. Charltable Actlvitles- Operating Costs 2025 2024 Staff costs Utilities & council tax Insurance Loan interest Office expenses Legal & professional fees Regidents, welfare costs Anyual maintenance agreements Repairs & Maintenance (General Fund) Repairs & Maintenance ICMF & ERFI Health & Safety expenditure Depreciation (Endowment fundl T¢Xal operating costs 100,879 61,692 16,138 2,940 6,231 3,737 2.519 13,376 59,360 19,467 4,583 46,369 337,291 83,967 57,923 13,824 2,972 6,251 1,080 2,243 10,713 71,722 2,380 2,816 42,623 298,514 Administrative costs include governance costs comprising audit fees of £10,20012024.. £9,900) and administrative costs allocated by the Weavers, Company relating to rent, rates, services, staff and other cost5 totalling £69,73912024: E58,9631. 15

Weavers, Almshouse Charities 31 December 2025 Notes to the accounts for the year ended 31 December 2025 IcontSnuedl 7. Employee information The average weekly number of persons lexcluding the Clerk to the Trustee) employed during the year was 212024.. 31. These were all service staff. Staff costS'. 2025 2024 Wa8e5 and salaries Employerfs National Insurance Pension contributiong Termination payment other 66,127 6,759 3,165 21,000 3,828 70.662 6,866 3,326 3,113 100,879 83,967 8. Intsre5t payable and slmllar charges 2025 2024 On102ns wholly or partiallv repayable in more than 5 years 2,940 2,972 9. Tangible Assets ALMSHOUSE PROPERTY (Freehold) Buildings Kitchen & lincl. major Bathroom repairs) refurbishments Boilers & Rooflng other Total Houslng Property 2025 2025 2025 2025 2025 Deemed c05t At l Janu3ry 2025 Additions At 31 December 2025 Depreciation At l January 2025 Char8e for the year At 31 December 2025 Net Book Value At I january 2025 At31 December2025 764,957 8,026 772,983 444,369 74,105 518,474 103,039 627,604 1,939,969 82,131 103.039 627,604 2,022.100 31,890 3,865 35,755 99,936 25,924 125.860 20,782 10,304 31,086 65,399 6,276 7L675 218,007 46,369 264,376 733,067 737,228 344,433 392.614 82,257 562,205 71,953 555.929 1,721,962 1,757,724 Additions in the year represented the cost of refurbishing the kitchens and/or bathrooms ir* 4 flats12024-. 1 flatl and CCTV work5.12024'. works to the plant room boiler and the installation of a new Warden call systetnl, The current reinstatement cost assessment of the Almshouse property is £10.7m. 16

Weavers, Almshouse Charities 31 December 202S Notes to the accounts for the year ended 31 December 2025 Icontinuedl 10. Investments 2025 2024 Market value at I January 2024 Additions Disposals Realised and unrealised gains 1,506,106 1.441,048 50,000 175,0001 90,058 211,902 Totsl 1,718,008 1,506,106 The investments are managed in a single portfolio with those of the Weavers. Company Benevolent Fund. At 31 December 2025, the Almshouse Charities proportion of the fund wa5 8.76Y¢12024,, 8.76%). Total funds available for investment can be summarised as follow5= Market value 31 December 2025 Market Value 31 December 2024 Equities Alternatives Fixed Interest Money Market Funds Total 1,527,221 88.89 143,361 8.34 25,088 1.46 22,338 1.31 1,718,008 100.00 1,330,157 88.32 100,798 6.69 75,151 4,99 1,506,106 100.00 11. Debtors due within one year 2025 2024 Relatedparty debtors.. Weavers, Company Benevolent Fund Other debtors and prepayments Total 2,134 737 2,871 2,703 1,306 4,009 12. Creditors due wlthin one year 2025 2024 Accruals and sundry creditors Loan and interest from Fresh PIC Isee note 131 Total 29.809 20,713 1.122 30,931 1.097 21,810 17

Weavers, Almshouse Charities 31 December 202S Notes to the accounts for the year ended 310ecember 2025 I￿ntInued) 13. Credltors due after one year 2025 2024 Housing loans for refurbishment scheme: Loan from Fresh plc 29,983 30,369 The loan from Fresh PIC is secured by a charge on Weavers, House. Wanstead. The residual loan was repayable over 60 years by half-yearly instalments, the135t instalment of which falls to be repaid on 31 October 2048. The residual loan bears interest at the fixed rate of 9.625% per annum. A substantial interest penalty would be incurred in the event of early repayment of the loan. Of the total housing loan greater than one year, £35112024.. £3511 is due for repayrnent in 1-2 years, £1,78812024'. £1,788) in 2-5 year5, leaving a balance of £27.84412024.. £28,230) with a maturity date in exce55 of 5 years. 14. un￿strICted Funds Designated Funds General Cyclical Extraordlnary Fund Maintenance Repair Fur¢d Fund Total 2025 2025 2025 2025 Balance I january 2025 Net incoming resources Transfer in respect of current years repairs and maintenance Transfers to fund future repairs and maintenance Transfer to endowment Inote 151 Unrealised gains on investments Balance 310ecember 2025 1,156,714 135.902 19,467 256,915 5,766 115,4271 163,656 5,323 14,0401 1,577,285 146,991 1100,4501 70.450 30,0 174,4651 157,475 1,294,643 18,0261 26,125 213,038 182,4911 211.902 1,853,687 28,302 346,lJ)6 De51gnated Funds The Trustee acknowledges the requirement to maintain and improve the Almshouse accommodation and, in line with guidance from the Almshouse Association, has set aside resources Wlthin two designated funds to carry out major items of cyclical maintenance and to provide for extraordinary repairs. 18

Weaver5' Almshoijse Charities 31 December 2025 Notes to the accounts for the year ended 31 December 2025 Icontinued) Cyclical Maintenance Fund The cyclical maintenance fund is a reserve fund to meet maintenance recurring at regular intervals, external redecoration and the cost of professional fees such as For quinquennial inspections to which an annual transfer is made frorn general unrestricted reserves. In 2025, £70,450 was added to the fund12024'. £50,4501 and £15,427 was spent on fixed wire testing 12024.. £2,380 spent on soundproofing flatsl. The fund also received a share of investment income of £5,76612024.. £4,502) and unrealised gains of £28,30212024: £8,672). Extraordlnary Repalr Fund The extraordinary repair fund is a reserve fund forfuture major expenditure to which an annual transfer is made from the general unrestricted reserves. In 2025, £30,000 was added to the furnd12Q24.. £20,ODOI and £4,040 was spent on upgrades to the lightning protection system and a new oven for the Court room12024.. £50,822 was spent on building works, £50,928 on a new warden call system and £7.328 on plant room works). The fund also received a share of investment income of £5,32312024., £6,077) and unreali5ed gains of £26,12512024.. £14,571). 15. Endowment Funds The value of the endowment fund at 31 December 2025 represents the deemed cost of the Almshouse property l£1,757,7241 les5 loan balances due1£31,1051. A transfer of £82,491 12024.. £128.4481 was made between unrestritted funds and endowment funds to ensure that the endowment fund balance is maintained. This transfer represented the cost of housing property additions Isee note 91 and the repayment of loans during the year met from general funds (see notes 12 and 131. 16. Analysis of net assets be￿een funds General Fund Designated Endowment Funds Funds Total 2025 2025 2025 2025 Tangible fixed assets Fixed asset investments Net current assets/lliabilitiesl Creditors falling due after one year Balance 31 December 2025 1,757,724 1,757,724 1,718,008 134,557 129,9831 1,276,739 17,904 441,269 117,775 11,1221 129,9831 1,294,643 559,044 1,726.619 3.580,306 17. Capital Commitments and Contingent liabilities At 31 December 2025 and 2024 there were no known capital commitments or contingent 19

Weavers, Almshouse Charities 31 December 2025 Notes to the accounts for the year ended 31 December 2025 Icontinuedl 18. Related parties The Weavers, Almshouse Charities and the Weavers, Company 8enevolent Fund were administered by a common Trustee, who, at 31 December 2025, was the Weavers. Company. During the year the charity received a donation of E30,00012024.. E30,0001 from the Weavers, Company. A proportion of the administration charges of the Weavers, Almshouse Charities amounting to £69,73912024- £58.9631 was allocated by the Weavers, Company. There were no transactions with members of the Court of Assistants. 20

Weavers, Almshouse Charities 31 December 2025 19. Comparative Informatlon for the year ended 31 December 2024 (al Statement of Financial Artivities for the Year Ended 31 December 2024 Notes Unrestricted funds Endowment fund5 Total funds 2024 2024 2024 INCOME Incorne and endowments from.. Investments 44,766 30,000 44,766 30,(X)O Donations Charitable activities: Residents, contributions 430,952 505,718 430,952 505,718 Total income EXPENDITURE Charitable activities Almshouse accommodation Operating costs Administration expenses Totsl expenditure Net income/lexpenditurel Net gains on investments Net incomellexpenditurel for the year Transfers between funds Net movement in funds 255,891 68,863 324,754 180,964 42,623 298,S14 68,863 42,623 142,6231 367,377 138,341 io 90,058 271,022 90,058 228,399 142,6231 15 1128,4481 142,574 1,434,711 1,577.285 128,448 85,825 1,604,672 1,690,497 228,399 3,039,383 3,267,782 Funds brought forward Funds carried forward 21

Weavers, Almshouse Charities 31 Oecember 2025 19. Comparatlve information for the year ended 31 December 2024 Icontinuedl {bl Unrestricted Funds analysis by fund Designated Funds General Fund Cyclical Extraordinary Maintenance Repair Fund Fund Total 2024 2024 2024 2024 Balance l J3nuary 2024 Net incoming resources Transfer in respect of current years repairs and maintenance Transfers to fund future repairs and maintenance Transfer to endowment fund Unre2li5ed gains on investments Balance 31 December2024 1,006,954 170,385 2,380 195,671 4,502 12,3801 232,086 6,077 1,434,711 180,964 170,4501 50,450 20,000 119,3701 66,81S 1,156.714 1109,0781 1128,4481 14,571 90,058 163,656 1,577,285 8,672 256,915 Icl Net assets by funds General Fund Designated Endowment Fund5 Funds Total 2024 2024 2024 2024 Tangible fixed assets Fixed asset investments Net current assets/lliabilitiesl Creditors falling due after one year Balance 31 December 2024 1,721,962 1,721,962 1,506,106 70.083 130,3691 1,119,264 37,450 386,842 33.729 11,0961 130,3691 1,156,714 420,571 1,690.497 3,267,782 22