2024-09-30-accounts

DotrJ$vJn Env￿(￿ ID.. 308589CG861￿s2¥8T&F3E6D0E13ra$ Charity Number: 259963 PETER MINET THE PETER MINET TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER2024 RPGCC Chartered Accountants 40 Gracechurch Street London EC3V OBT

DaCu￿9￿ El%tope1Tr. 30B5BgCC461￿￿-BBT￿F3E6[￿Elx26 THE PETER AIINET TRUST CONTENTS Pag8 Referenc& and adminstrative d8twls ofthe cthaiity. its Tn85 and attrfisers Report of the Trustees 4-11 Statement of Re8kMinsibrfities of the Bo8rd of Trustees 12 Independent￿dItOVS flep(xt 1&15 Statement of Flnancial Activibe5 and irwxme & expeTrJlture acyxjunt 16 Balance Sheet 17 Notes to the Financid Statements 1&22

Do￿￿n EK¢eW1tr. 308589CG86l￿3S2-B87￿3EffKE13C36 THE PETER MIN￿ TRUST REFERENCE AND ADMINISTrATTrE DETMLS OF THE CHARttY Trustees. staff, ad¥isw5 and regist•rod olfic• For the year gndod 30 S•piomb•r 2024 Trust908 Damilola Bamlde Tracey Aetther (Cha￿) JoseFth H(￿￿[ Patria Okcffikwo SE11 Audltors London EC3VOBT Sollcltors stone lfjng LLP 8(￿Trdary Hwse EC1MfjHR Bank•Ys Messrs C. Hoare & Co. 37 Fleet Stra LoTrJon EC4P 4tx] Ju¥JJn House 100 St F¥Ls Chjrthyw EC4M 8BU R•glstsr•d Charlty Mo W•bstt•

THE PETER IAINEf TRusr REPORT OF THE TRUSTEES ms and ObjeclNes B. Athlevement aThJ Perf￿nanc4 (granknakng". leamwvj; investmrt. parthws: strategy&fuluTr plans) C. Fin8ncial Ra￿eW lovemev. inveslm¢nt strategy. [￿￿Er5 & perfom8neè'. st￿rdship. reswvesl D. Grants AIMS AND OBJECTIVES Octs ol Trust: Petw Minet Trust 18 a frJn¢Jer supwting small. irtspiring and k)cal charlti6s rooted in the Lonthn Boroughs of Lambeth arvj Southvark to Strengtr￿ thryr communibes, helping dents overcome severè and M￿tiple tholberwJ8S. Trust Deed: Th$ Pèter MlnetTrust Cthe Tn￿) VAS fr￿nded in 1969 by Mr Peter BrMaull M￿t for general charitable purpo￿. and is govwned by8 TrLL81 Deed dated 131h October 1969. a8 attered or affected by a scheme of 15th Oecember 1998. Publk Benefft: Trustees ccffimi tlw have the Charity Cthnmlsston's guKEance on PL b￿efftwhen reviewiTrJ and ddfverfrvJ the Tru8Ys strategy and acbvitss. Our pu￿ benefft dellvered through our grantmaklng to kxal UK regist￿ed charTbe5 pursuing eharitat4e act￿￿e$ in Ihèir communities in Lambeth Southyrark. pref8rE￿e is to award unr8slr4￿. Mu1￿Year grants as believe this enatAes iJFganlsaborts to delNerV￿rk as flexwand effed]¥￿ as t￿￿n, imprwng thg q￿lty0f lifv for eommunlues in Lambeth and Soull B. ACHIEVEMEKfs AND PERFORIAANCE Pgt¢r MinètTrust has delwered st3 #ins Ihmugh hs granlmaking and laaming. Its w)Tk %bith othets in Lambeth and Sc4Jthwd￿ arKI ts inv95trnènt pdky, underFxnngJ by rf5 strong governance 8rAI 0F￿rath￿. Ovrth is guid￿ byourvahjes: Commurmty. LèaffltYJ. Tr[￿t and Socid Juths We rerna￿ fA)mmfitted to fijrther embeddir¥J DNèrsty. Equty and Indusion all aspects of ￿r organwlion. funding and our nvwthree-yEar strategy to be sharEd in 2025..We wll continu8 to learn from thè Black4ed charitses Peter Min8tTrustfunds and re5rA)nd proocbvety to raclal inequality In a VAY that invofves the voice of ￿a¢k and Nfinolitis￿ed grwps. advi￿￿ and fijnders. Grafttmaklng: Op•n Fund: unr961rlcted, nmdwgrnnts to sfflall ch8ritl•s in Lamb•th and Southwa￿. prlorltSslng Black4ed groups slnce 2022 Pgtsr ￿ne1 Trust contiTh￿d to flnl ¥e¥en in 2024 ts lh8 ¥¢oJnd oftheSrthretryear agr￿n￿ts. We take an'open aThJ tru8ting' approach to fvnding aThJ relled on whal kn, ￿rning that loamiro into ddc￿ Vthen we can. The Dirèctr and Tntstees met Partn8r5 r￿rty. leaming aboutthg dTrfference made In their ¢ommunib85. Ihe challerNJes they arg eX￿nCIng. the dTh7eTence unr85tri(aed fundlng is rna￿ng, and leaming abouithe impact ofthe crt of IMrnJ on th￿r$ervice u8efS and organlsalon's rmts. We also received feedback on wttat more ftJndew3 can to supFAwt IheirYMk In rèsponse to th15 leaming the Board made the fdlowng four deci5KTh: Year 2 CosWil¥i]vJ (COL) grants- a￿ed COL grants r0tr06pw￿. so thè maln grarts pace infflation. The Y8ar 2 COL Grantwa5 7.9% ofthe Year 2 grant (CPI June 20231. SIX pathars recdved COL Grants of£2.370 and of£1,975. tr> add lo Yw2 gTrnts of£30k £25k rsspectively. IL Year 3 renewal grnrfs linkad to 1nllat1￿. by end ofthe we ran￿1 Year 3 grants to Imrt of seven Partner5, Wth ths remainlng renffrf￿ Sk￿Y after the end. Wè apkliwj the rate of CPI as at W 202412.8%) to thè total ofthe Year 2 rn￿n grant ￿u$ the Year 2 CoLgranL dltlonal grwts- m8de cc¥nrriitments tr) ￿￿tiOnal grants of£20.000 lo ryjr Djrrenl sevgn P8thers for the period Septsmber 2025 to hJJgusl 2026 in rest￿nse to leaming 4ly)ut Immediate fvndirtg eh8ll$nges. urgent needs of the L¥)mmunibes ttEy atNI the value we placed during the per•xl on thetr Oxpertlse that dTedty wntribuied to our new slrgy. Contrthutlon to tlme. gave OUffiJnd&Y partn8r5 fortim8 gNen In anOr¢Jryn￿￿J duriThJ our Stra￿Y Revivw and to one bjndwj Par1nerwt¥)￿ln9￿ our Board awayjay.

Dc¢J￿gn Eri¥eW ID. 30B5B9CC461&4362-B8W3EfjCtt13C36 Case Studfes: Storiès from three of ourfund•d P3rlner5." At vislts to Pètr Min8Ys Parlners. ￿ leamt how thèy ar8 delrvering inspfring grassroots wDrk in Iheir I>)mmun￿e9 arKI YDU can read here abcwt three of our Round 2 Parln8rs'. CEF Lyn￿ SYLA and Southwark Day Centre ft)rWum Seekers. You can ￿ad abLXrt ourother Parthers, Bright Centre$. Juveni8 and spn.ng Communtty Hub arKI Your Story, on WM.￿termIneLor9.Uk. Thank you to staff. Trustees and ¥c4unteets at ￿Jr Partr￿ ¥rt￿ have sharwj St￿leS and gwi time to meet us. CEF Lyncx: Prgwding a div•rse range of after-school ¢dU￿al and ¢apa¢ity buildlng ftrthe b•nefft of childrenfyounweopl• in Lambeth CEF Lyncx is a ￿Uth tharty in LamlKth led by its founder. Chrstian Johwn. with a new base at the GreenHut, next to Brlxton Windmill. CEF Lyncx offers 1."1 viriual tuiowing for M8ths. English and Suence alongside an &xtenswè progr8mme of i￿reTS0n hC4￿ thrfoes arxl work experien￿. W+rJrking t•hth hundreds of young p8ople 8ach ￿r from the local (￿m￿n￿ in 3 safe. trusted and induswe envimnment. Young peoF4e wilh S￿181 Educational Need5 are ￿COrned and acbvibes tAanned around their needs. 90% of sèssion81 staff are ywng pewe. induding manyforrner Servi¢￿ users, and they play an actNe rd6 in helFxng d8sign CEF L￿G¥S programmes. Some ￿ung p￿p1& gain qu8lffic8bMs during this time Indudlng in Hearth & Safety at WO￿ and Fcoj & Hygiene, arvj CEF Lynex gwes them the opportunty to meet aM￿0yerS who are recruNing induding ihe P(rf￿e and local schtX)ts. The Gr8ènHut h8$ beon transfomd by CEF over Ihe kn8t C￿[le ofyears by a team of 8taff. local partners and volunt8er5 creatirJ a new kitchen, bthr indcKY space. a se(xel garden, gallery and pulling up gazet)s that all imFKove the qudtyof irwerson acbvibe5, indLbJkThJ being able to offer hom&mad8 hot fo(kY- and sc4ar pands have been in￿[ed, reduoNJ energy costs. Slaff. parents and carers wular1y sharè stories about Ihe drfferencè CEF Lyncx i% making to S￿ng people and their famils, aTrJ the centrè is regularfy visited by ￿￿1 and LOnd￿-￿￿1& Wars iThSudirvJ SadKI lthan. MayDr of LorKlon. To find cJt about CEF L>￿￿$ th. he￿,$ the link. cefi.o htt Soutlffjid• Young Leadgrn Acadgrny (SYLA).. Addr•sslng s￿141 and edU￿nal 1n•quallll￿ by empowerfng Black African and AfrI￿n Carfbb•an boys through a progrnmme of charncter education. life skills and acad•mlc support to fosterth• skllls. r•stllgnc•. and l•ad•rshlp r•qulr to pursue posMfv# life paths. SYLA provides a 3truclured YryJrvJ LeJets Prry1aM￿ts of BI￿ African or Carobi￿an heritage in Southwark and Lamteth, inspiring tws to fuffil their Kthntial and INe out their career drearns and a5PFfdtions. DuriThJ the temi. up to 60 atter￿ a Sattjrday programme that Indu￿ sessK)n$ on Character-bulldinglcvnfiden￿. public s￿aking, conflid managerrnL entrepreneurship. 5ttial action. life skills 8nd careers. SYLA has a vJe range of parlnethip5 induding wilh Team Up {Maths and English), LSE'S Advancing ￿ack Careers pro9ramm and Leys Talk Mcffley (financial l¢teracyl. SYLA a180 works vthh parents and carer5, induding with the Clerk Assooates prL¥Jramm8 that encourages pèople to trke on local ro￿$ of ￿￿sibilty indtthyirg as schoc4 go¥err￿. SYLA an inaugur81 Parents Summst & Open Day in Mard) 2024 [￿h0￿18d by MKaei Sibj. the Mayor of Southw8rk at Ihat ti￿, who shared stories of the dilferance SVLA maktng.

Lkicu8hJn En￿1￿9 ID.. 30B5BgCG861N362-B8W3E6DOE13C36 7he unrestricl8dgr8ntgave us financial stabilityandK fdtlike trustedto use ts fvnding as we needed.. Ch8hotle Prendgrgas¢ CEO. SYLA Danid McNr118111, Crw Blaze Irw) The Y(yJng Leadets Pmgramme has SUPFth from par8nts. carets ar%1 leaders vtho ￿rne to SYLA'$ ènnu81 celebrab.on Day in Juty to hear Ihe boyJ $harè kwJerful tesb"monies along alurnni of the programmè wtto are b8corniThJ irKreasingty invrAv&a as mentus. SYLA appointed a CEO three ye8rs ago and there is now a streTr9the￿j Board wlh n8w trustees steppiThJ up to fill key posts and acce5S to important newks, and a new thI￿￿r s11¥￿ in Flace. To find (￿t more abwt here's 1hè link.. a.co.uk SoUthw8rk Day Centr8 for Asylum Seekers: Supportlng refu9095 and asylum In South London by provldlng fre8 ad¥lc• and a Trng• of hollstl¢ sar¥lc•s. The Pelerminet Tnisthave nwd¢ 8 drfe￿nce to ourK¥k....e feel that * can te open- ￿ 88y h158t ¥se want to sayandlhere s an Unde￿9￿d￿ ofwh#t're thtL4tyh.'Pauline Nandoo. SDCAS SDCAS provides hc4istic support for reftjgees and 8sJlum 888k8rs by F¥owdirvJ frnt1ship. S￿la1 activ￿8￿, ESOL lessons and hot meaL8 fw adults and farnI1￿s. 85 a5 on immigrabon, h)using, benefits and health. A highty dedicate(l aThJ tr8ined team of s12ff and ￿ vdunteers deliver sessiorss three times a wegk al Ihe Copleston Centre, Trinrty C(4lege Cenlre in SE15 and South London Mission in Bermond58y. Th8 number5 seeking ujmrnuntty and hdp at the ¢entres ryjntinue to Tise. reathing 120 on SLMne day8, èn¢Y Ihè storses they share demonstrate the dfffe￿nce th this ￿￿[Corr￿ $uppY%t mak¢s in ￿at Is the most chaifenging and fearful environment that immb3r81ion TA￿61$ havo &ver saen. SDCAS'S team has developed goryl reLqtionships ￿th the Local AJJknNity, al firms and heatth pThidors and are incwsingly consvw by these wovKler5 50 that&y￿rgI￿a new needs can be Klentifi8d 8nd Ilmited resources used more effethely. SDCAS'S BOS￿ of Trustees brings in valuabbe sknlls consuftancy, iesearch, finance and $8ts3U8rdin9, and SDCAS recenty hehy a productive and w81 attended Volunteers Conferenr at lh8 Cinema Museurn wlh sessw)ns ￿ reflective practk. unconsC￿u$ brds and trauma. To find Ixrt more at4yrt SDCAS. h￿e'S the It.. www.sdc3s.or .

Docusign En¥dO￿ ID.. 30B5B9CG861U362-B87￿F3E￿EI3 l L￿rnIng IVAR'S Op•n arml Trustlng campalgn: sharlng our l•arnlng: Peter Mtnet rene¥¥pd tts conldbulon of £1,000 to the'open and Trusb"ng Campaign. led by EVAR, a research agency and charity. The campaign calls forfvnders to adopt mc¥e open and trusting practices that make life easier for organisations they fund. During the period. we iniKfved wilh the fc41owThJ WAR research and pU￿1call0nS'. 'D6liv6ring bettorfunding ￿Black￿d£VyaTh.$atso￿S andracialiustice, (January 2024) - chair. Trdc8y R8tch8r. ujntributed to Ihis r858arth Jun8 2024 by.. Bgn CainK Liz ￿, Chil8 Mmls IVARJ . Peler IAingt Trust 1$ a $tL terminet.o other-workFunde centFe4eamin -and-aceountabil" Learning from our funded Partners: We conthnugj kn imF4ement our leaming fra[r￿work 8gre8d in 2023 that iThSudes a Strengtr￿e￿ and mc¥e transparent process of ￿ne￿Ing grants and enables us better to understand the drflerence chanbes are making and hyentify wrny5 in ￿+Ch we can support Pathers, kn additB)n to fvnding, In a praclical and PrO￿tiOnal8 way. We shared th8 d8tail of this framework, instghts aftw srx mnths and the leamiThJ have ttjmed into adh?n in our first learning og putlished in April 2024: This leamirg has fed into the TFusY3 Strategy Rewew. sharin -our- rartiC&un￿str1cted.funder.wh .we-had-learnin .rev¢ew-and. terrninet.o what-it-looks eterminet.o ter-minet-o n-fund-round-3-and-5trat -2025-2028- ublTrshed Inwstrnonts Peter Minel Trust invests and mana99s ib fvnds in a vay that aims lo prwdg fundirwj ts wr 9rantmaking and reflects the values and rnission of the Trust We Sha￿ inf(xmalbJn w crftr investrTWt strategy. performance and our re58rves k￿lICY in FupanctalRevrew belcMT. partn￿shIPS We (xmtinued to develop e￿$ting parfnerships indudiThJ as members of London Fu￿lerS. Assouation of Charit8b18 FoundalK)ns. Swthwark arKI L￿nb8th Funders N8try)rks arld Comrnunty S(yJthwark tolgarn about bèst praebco, wnorging ngwls, and oppxwlunitses to m8kè more of a drffèf8Tu. Wè ar• working wth lrnpacion Urban Heamh. Unit8d St &wourfs Cha￿ty and Walcot Foundation to ewore a CTD55-borDugh cc41aÈoratson that aims to develop a morp SUPPL¥bve. sta￿e and equrtab fijnding enwronmentlor small ￿ack and dNerstrled grouF6 ￿ Lambeth and S￿JthWark. Stlategy Review Bnd Fuiurp Plans Poter Mlnat Trust18d a Str81ogy Ravfi￿ in 2024 ar¥J VAII shara our thre8-￿T Stratagy th 2025. induding our refreshed vision. mission. values and stratwJic aims. The Board reffected on the Tyusf s achievements and challenges Sin￿ kunching the Open Fund in 2019 an¢J what have ￿mt from our fifteen funded Partners. We have IL8tened to Partners. irts(ghts atout ￿rwork and vthat more funders can do to work atongside Blad(-￿￿ charlbes in Lamteth Soulhwark and ¢￿te a more equitable and less hostil& funding environmenL We are a small funder and have cc￿￿dered o¢Jr capacity and all our assets induding our inveslment portfolio and our local relationships indudirJ other fundw5. We wryked alongside an extemal facilitator aThJ consulian[ Kate Chester, from Anim Leadership. Our plans In 2025: sha￿ and start im￿￿enIa￿ ofour new 1hree-￿r Strategy D8V8lop our r8lationships Yrith Open Fund Part[￿r$ Tum leaming on how to support our P8rtrWS intrj a(kni Monitor the TrU￿S investment por￿1￿ rnanaged by Sar&4in & Partner UK Continue to a cc4latKJration ith k)cat r￿derS to offer more equitable furnling Continue to Strengu￿) cNJr govemar

C. HNANCIAL REVIEW Overvlew Pater Minèt TnKst awardad grants of£Z39.(r29 In 21r24 la)23.' £176,(KKI}. The Twst had a total nel defiat, as d¢fJn¢d in the Statemenl of Recommend￿ Prackn, for the ￿r of £200,824 {2023.' net defiat £129.1231. Totsl Fun¢ts at 30 Septanber 2024 stcth at £5.454.78012023: £4,975,939), all represented by unrestncte(f fvnd5. The Trustees aim to distribute rash in Ih8 fom of grants L£￿$1stntWth ts W-tom èxpectsd real retum of the inveslment porttdio. net of all invgth8nt and operational costs. The Trustees have ad¢)pted a Total Rettjm investrnent approach 8nd wll 5uppl8mènt ths distn"bubon of lotsl net ino)me ¥￿th period disinv8Stm8nts from the TTU5Vs irtvestrnent F￿10 tAthere necessary. Investment strategy In 1969 Peter Minet, founder of The Peter ￿net Trust passed to Tnjst prLKtrds ofthe Sa￿ of property ovmed in South London. to be hdd by the Tn￿tee8 subj8Ct to piwets provisions of the charitable trust sel out in the TA￿t Deed. The Tru5fs rM)rtr￿lO and PrO￿rty invèslmentfund vms managed by Brewn Dolphln SecaJTilies Lim¢ted and IrNestsc Weallh & Invgstmgnt LimitJ raspactsvety until March 2022. The Board agreed a Set of Inv88trn8nt Bèlièfs aThJ Vduès in November 2020, incorporating ils Environmental. and Goveman(x values aNI, after a cc¥npethve process, sdected S8ra3in & Partners UK in 2021. Sinr£ 28 M8rth 2022. Peter Minet Trust has been invested in Sarasin & Partners UK'S Climate A￿.￿ FUNI 8nd. durir¥J the the Trust c(ffttinued to develop thi8 partnership through rn88tings b8t￿en Sarasin & Parbws UK with Our￿ Board and ts Trust's Finance. Risk and Inv8Stm&nt Committe8. The Trustees have adopted a Total Retum apprrjach the Futtol•) with the aim to prTrYuce sufficaent ineomè 8rMI eaprtal growlh to fuThJ a programme ol grants %thitst at Ihe sarne time 3afeguarding thg valL of the caprtal of ￿ Trust on an infiatic¥Fadjusted basis. Inv•stm•nt pow•rs Subj8Ctto th8 OV8rrKling pr￿S1On5 of th& TDjS￿ fv£ts. the Trust has th& FY•+Br to make any investments vh)ich the Trustees see fit. Investment perfonnance At 30 Septern￿r 2024, Ihe Trusfs wwtrrAio In￿Stad in Sarasin & Partr￿r UKS Climate Active Fund valued at £5.352,250 LX)mwsitTg Fix•d Incomè of 11.2% {£599.7941, Equities of 74.2%1£3,970,9901, Property of 3.4%1£179.7161. AJtemati¥e Investments of 7.9%1£423.4381 and L]ubJ Assets of 3.3% 1£178,3111. The Tntst also hdd Liqukl Assets in a seF¢rate Incwe Reserye al Sarasin & Partners UK whKh as at 30 September 2024 is valwl at £24.354. the 12 mL¥ths to 30 Seplember 2024. lh9 TrusV5 investment rirtfrA￿I demonstrat8d stroru posthv8 ov8rdl perform8nce {allwrs tM)th inLYJme generated and d￿nge5 in c8Pital ¥￿U8) of 17.3%. Thè portrolio has sJnffKanUy (Wrftym¢(l its 1nfiati0n4in￿ target retum of 6.4% rw annum. afKI p8rforrnad broadty in line wth rts compoyte benchmark. whith rebjrned 17.0% over Ihe perKxI. The totsl value of funds increased over the pefic*J. as the strong wrtom￿nce of Ihe investment portfolk) Ou￿8￿jhWI thè disinv&stments made to fund grant-makN and otpo11L￿oI acbvtbtrs. SirKe the inception of the (wrrent inslm8nt mandate in April 2022. porifolio has retum8d 7.8% per annurn. marginally behind tr￿th its inllation4inke(l tsry8t rEturn of 9.0% and rts composrte berthmark rotttm of 10.4%. in 7Athat ha￿ b88n chJlengirg market COnd￿.0￿s. FUnd￿sset￿￿u￿fft as at 305ep 2024

Strong absolute perf0M￿Ce oJntinue3 to be drivan by slrong equty market rplun%. Tha Wagnlknnt r stocks IAJphabet. Arnazon, ApF4e. Mets. PknofL NvIJ￿ and Tesla) ¢))ntinue to (kniinate perfomiance both atthe to1￿ market levd aTrJ ￿thin the Trusfs investrTbent p(thhry. Str￿j perf0m18n￿ was supported bythe Aternatives portfdi) fhe Clinate Acbve Fund. whlch prcJuced both strong rebjms and a diver5ffic8til￿ against equty market vclatility. ThK% volatI6ty has arisen due to a rdngg of factors indudirg Ilu¢tuating econom￿ grr1￿1, infiatKw prèssurns. aThJ g￿￿tic tens￿￿5 both kn indiwdual countri85 and Lte8n ￿1)rts. The Inve3trnent Fxxwdio has continued to 8lIN8 posltiw pw[0rnan￿ thè Trt￿t Year EThJ as a result ths vglue of lh8 T￿￿￿S assets has itKrnas8d further. Th8 Tntstees Investm￿ ou10J￿$ on a ￿e￿Iar basi& wlh a ft￿$ on k)r>term, ratherth8n short. tem outcomes and [￿rfo￿￿an￿. The Tfttst88S. ￿th the ￿jP[my1 Oft￿ Trusfs investment managers. montiorth¢ Trusys Investm￿ aThl continue to eypect Ihat the exp8dtd hKune level aThJ capmal grDwth future yÉats will be abte to supportthe Trusfs ft￿Jre operations. Thg Flnance, Rr6k and Inv8StmèntCommittee, th the ful Tmsiee Board iwilpd to att8nd. ith Sarasin & Partner5 on one occ8sK)n within the FurKI Yèar. in November 2023. Thè fcats ofthe dIS￿Ssion vms on perfomarv. prDVtding an uplats on the inv&%knent prcxxss undwtywig Trusfs portfolio, and on ESG integFJlK)n 8nd 8te•Ardship. The full Trustss Board al￿ Mel Smin & Partnws UK in November2024. after thè Trusl Year End. OubidB of fom7￿ meetirvjs, Ihg Tntslees and Director had Tegular ad hoc cOrrgspond￿YA wlh the Managgr at Sardsin & Partners UIQ st•wrd$hly The Trustees rel>)￿1$e Ihe imporknce 0fsleap￿hlp, votvig erwJagement in the manv4emontof Iho Trusfs InVestn￿ as8ets. vthi¢h exFeCtgJ to both dwecUy8nd iThJireclly knprove InveslmentLMrtcomos for the TrusL In 80me c38¢s. st6wardshlp actiwty reL8led to Ihè Tmsvs investrnenl assets may also taThJentially support tho Tmsvs ￿lerarch1rvj obpdiv85. ongside a38et allocation and seeurityselection, ore of thè key Th￿es of the Trusys inve8trnenl managor 8 to ad as gocKI stewdyds ofthe Trusfs assets- that . to us6 the influence Ihgy have a$ investors to encourage thè companles they Invest In to ad in • Man￿r￿￿h ￿ most consistentwilh thè oblective of mayirnisirwJ lOng-t￿M investrnenl relum5. Th8 Trustee's is to delegate daY-l￿daY resportsibilTtyfor $NJaglng In stewardship acbvrbes 8nd in rdatKJn to, urmJwl￿n9 rthfLIKJ ccrfnpanies to Sarnsin & Partners UK, and review? their pdkles and acbvlies rtthg to stwardshlp. Vol1￿ aThJ engagem$nton a periodic baskg. m8knng procèss In rdation to parbrypation in public erwagements ory8nizgJ by Sardsin & Partners UK. In Sèptember 2024, In line rdicy. the Trustee rmided theirsupportto a Werto the US Se(yJritse6 and Exchange C￿nmI&l10n raiwng coneems at¥)￿ inadwuats drylOsu￿ on crillcd aCc￿lnting assumptions ar¥J aB8CQOted by listed US erw (x)mpanle ReseTh¥ polley. Th8 Trusls¢s 8lm to dlStrftr￿ c&h h the fomt ofgr4nts consIs￿l￿1th the èxp8cled real rebjm ofthe invgstrnant portfolio. netof aN inveslment operationd r>%ts. The Trustees have adc￿t￿ a Total Retum irN8stsnentapproach and 8upplemenl the dIstribut•￿ of total net wllh disinvestménts frnm the Trusfs investrnent pcthlo where n￿. Fundralslng Actl¥tt The Peter MinetTrttst tkn•s nrt undertake any fuThJT3tsty 8(4ili Golng Conc•m Tha Trustees are satisf￿1 thatttTmsl suifu￿￿Thj8 lo Ns oMgal)ns forthe fOrÈsaoa￿• luiurè.

CIDcusKJn En%bpe ID.. 3OB5B9CG861￿382-b87￿3E6DOEI3c3B D. GRANTS Grantmaklng pollcy Peter Min8t Trusys wlicy is to mak8 grants to UK wister￿1 tharthe5. It offers unrestrthl. rnu1ti-￿r grants of arouTrJ £30,OC4J a yEarfor thrse year5. pricffitsing Bla(4&J chariti"&% sinre 2022. Peter Minet Trust has funds.. 11 Open FuThY- any eligi￿e Charity can a￿Y and 2} Strategk Fund- for chant kJentifi8d by Peter Minet TrusL often in oJnatMxation vrith anoth8r funder. Since intr￿jU￿r0 our Opèn Fund. thgrg have be9n fuNling rDuThas in 2020 and 2022. Opon Fund crlterla.: Small.. The charitys most recenl to1￿ annv81 inc(Mning resouffs are over £25.OthJ arKI under £300,000 Local.. The chaws offlc8, benefiuaries and 7Ay)rk are in Lamith or Southwark- th8 Trust doesn fund Ictal branches of charities that have main offw elsevthere and ¢Jxsn't fijnd charibes that also I￿rk vAth b8nefiaars outswje Lambelh and ScxAhvdrk Emb•dd8d: Ihe charity can show rt underslaThls ts rybrnrnUnit￿$ n8sd$ arKJ works ￿ wdents experienong severe and muK¥ple dI￿1vantage Good Govgrnan¢e: the dHrity has gcth governar￿e in irK4u¢thng safeguarding procedu￿. has strong lea(lership arhy can sfvjw Ihè dilTererKe it makes in ts tt)mmunty. rt is wre of rb strengths and challenges and has a lor sts future. Exclusions.. Grants are not gwgn lo gJvcaltc)al Énsthhlbons iThJuding 5dK**. t￿￿geS and unNersities,' grants are not given to pLatss of Mx3hp', grants are rw)I gNen to iThJividu8b. Y4eas& not8 Peter Minet Tryst is puhlishiThJ Ihree-year Sts8t8gyin 2025 includirw some 8dlustments to these criteria s8tm 2019. Furt￿rde￿￿$ of ourgrnTrtm8knrypc4icy and hLWto appty 2025 arè on our hrbsite heTr at termineLor Grnnts mad• In the yw to 30 S•pt•mber2024 The Trust awarded ranvwal grants to sev￿ ￿l[lent Partrw.. OpBn Fund Grants: Round 2 Fund•d Pathe BrKJht C¢ntre8 CEF LynrJ Juvgni$ Southwark Day CenbB ftxAsylum Se8k•rs Spring Community Hub SYLA Iswlhside YouTr3 LeadeTSAcad￿) Your Story Totsl Open Fund Grants StrateglG Fund Grants IVAR (Insti￿te for Vc4untary Action Research) Total Open and strategic Fund5 Grants £32.470 £35,646 £2.870 £35.746 £35.746 £65,746 38,029 £1.000 £239.029 This table rell•ets: CEF Lyncx. SDCAS, Sprlng & SYLA. Year 3 grdnts Year 2 Cost of LNin9 ICOLI granL% Brfght Centr•s'. Year2 grant POKJ afterthe 2023 Yèar ETrJ plus Year 2 COL ganL Year 3 grant paid after the 2024 Yè8r End Juv•nls.' Yg8r 2 grant pakl In 2023.. Year 3 grant POKI after the 2024 Yèar End: 2024 reflad5 Year 2 COL grant Your Story. 2024 Year2 aThl Yèar 3 grants induding Ihe Year 2 COL gr8nt 10

& srRUCTURE, GOVERNANCE AIID PIANAGEMEP Trustees. Includlng Trustee recN5trr￿f and ITalnlng Our Trustees are Ibted at ts brylnnirwJ of this rèkMxL Thè Tntsfs Ch￿YC0mmLSSknn Scth8me19 September 1996) allo￿ t(> bg r￿1&$$ than and no more Ihan seven Trustees ofthe charfty. Trustse5 are apwjinted for fv&yèar larms Ihat can be renevJ for a seccffid peric¥J of five years. The Board ofTw5t885 k88ps the number of Trustees under regular revw and has the pow to appoint new Trustsès. No ￿ngle Trusteè has the ￿￿￿eTt0 aptxintany other. The Board updated fts Twstse Code of Con(Itxt In Novembar 2￿22. Trust￿ ha￿ gttsn(1gd trwnlng sesskxts IndLng In UThYm￿Ce. NThpsIn￿I ￿K1 $8feg(t8rdlng. In 2023,"the Trust held ￿ inaugural Board 8vrayday at our investment manager. Sarasin & Pathers U induding a trainir¥J s85sron Iwl by NCVO on governance f￿tharIty Injstees. ￿lmInatirVJ in NCVO anonymised questionn8ir8s and 8 furlher Board Vr)rks￿￿ In March 2024. Peter MinetTnJsfs govemBnc wa3 jUd￿d as $lmrwJ butthe Board dso ￿jen1￿[d a￿$ to devdop and strengthen. This indLKled our capa<ity and ambibon 8lvJnment8rKI the opportuntyto devekp OUT moThknng and publishing of Drv8r5ty. Equty and InduSK)n pradice. ourMTh wilh other fijnders and our of digit￿ tethnology. Thè Trustaés alsts rdladed on addÉtiLx￿l skjlls to add to the BcTd v+t￿n the Trust r￿tr￿it$ TNslee& Thls 108ming h8$ fèd irtto our current Strategy Re￿￿￿. Oryantsatlonal The Tr(t¥t is odmknkt8r8d bya Board ofTrustees that meets belween threg I￿11￿0￿ a ￿, I[￿uding 8 stsatwJy awayday. athjtbonal rneetirn￿ when required. A Diredcff of the Trust is apwntsd bythe Board to manage the t1tyknday operations ofthe Twst bebveen Its89 days awèèk. Th• foll￿ng groups SUFVOrtgJ ourth during the ypar and report lo Ihe Board. MembeTr cump currentTrustees and the Dyectorof ￿eT MinetTryst Finance. F￿sk and Inve51rnent Committ8è and Govemance WOrkn￿ Group. In January 2024 the Board 85tat4i5hed a Strategy Worklng Group to lead the TwsY8work on our newthree-ypar Stsegy. The Str8tegyWorknNJ Grtyjp mel during the year and led a stratw sèssknn 8nd 8t furlhar Board meetirrfjs. The Trust has been f4JPF￿ed In Trustees cOnti￿e kn consider the I￿le￿ tyP Min¥tTrustto douvar Ms mfissh)n and strategy. Rlsk manag•ment docurnented trMJetherwlh dgtslls olthg aCtiC￿S rerylr•J to mWate Ik6e risks. These details are rèvi&￿d r8gularfy bythè Trusttss to ensure that the Risk Register remains I))Mp￿te and Up4￿￿￿te. Trustees will continue lo monitorand leam throL•3h thce frcKn extemal sources induding OUT investrT managers. as as uTh1erstandir4J the (knnging r)eeds of the ¢x¥nmunrfi88 arKI chwith that the Trust nds. P•t•r Illn•t Tn4t at Il•rsh81 Houso Peter MinetTru¥t CAJnlinu88 to be based in SCXrth￿ at Marsh￿1 House in Newrxjmen Street, SE1 1￿, ovmed by Marnhall's Charity. Thert 8R elgPrt charlties under one roof supporbng Southwark, Lamtdh, Tower Hamlets and the Cty ofL(Thlon. as w￿1 as church8s and parsona&￿ in other parts of Ihe Ulc These aJe separate (aiits9s and Tntst88 Boanls. Petèr Min8t Tmst &gned a ne ￿Cence lo O(xupy and Side Letter in Marth 2024, irwrporating a rew anrtua brnak dausè. with waker￿d and Teuey Trust with whom il shwes an thce in MaTrhll H¢xe. Wokéfidd and TeOey Tr￿st hclds a kne *ith Marshaifs Charity. 11

Docusgn EnvelJpe ID.. 3OB5B9cC-861￿382-B87&F3E6[X)E13Q)6 Statement of Resp(xwlbllltlès of th• Board of Trust4•s The Trustees are responsitrle for preparing Ihe Trustees, Annual Report and tha financial slatements In acurdance With 8pplicatAÈ law and Unrted ￿ftg¢knn Accwnting Standards (United ￿"ngdoM Generalty Accepted Accwnting Pra¢ti¢o1. The law apF4icable to charibes in En¥arKI and W818s Nuires the Trustees to prepare finan￿al Statements for èach financial year which give a true 8rKI fwr of Ihg stale of affairs ofthe Trust and of the income and 8XP8wKliture ofthe Twstfor that pery￿. In weparing these finanoal statements. the Trustees tre wuir&J to: Ensurè that the carity cyerates in aCc￿anc& ith ils obiectsves a￿1 ts prDrrK)tirKJ its wblic tenefft.. 0￿erve thè mèthcxjs an¢J prinrAples in A(xxwnling and Rwting by Charilios.. $18t8m&nl of R8(x)mmended Practi￿ appl￿trAe to ¢hariliès pr&pariThJ theiraccwnts in aceordanc• with the Finanri81 Reporting Standard applicat4e in the UK gnd R8PUt4ic of Irdand IFRS 1021: Mak8judgemenls and ￿tiMateS Ihatare reas¢wtle and yudth)¢ State whether Unita(I lQngth)m aC￿￿n￿9 stand8rd5 havg teen folbwed, sutr4gCtlo any material dep8rtures disdosad and ei'ne(l in the finanaal ststements: and Tho Trustèes must p￿pare the finanrial ststefflgnts C￿ a goiThJ concem basi5. Thi$ assumgs Trust continu& operaung for th8 foreseeth8 fuiur8 unSass ￿re is evK1ence to Suggest otherwtse. The Trustees are ￿$￿5r￿b1& kn keeping r￿d6 di5dDse wth reasonthe ac￿Ta￿￿ the fin8nry81 posibon of the Trust and enable them io ensure that Ihe finanr#81 ststements complywith the Chariti85 Act 2011. th8 Chartty {AectyJnts and Reports) Regulations 2008 arKI the proVis￿n$ ofthe tnjst d88d. Th8y are also tesp0ns1l￿e for safeguarding the Trusvs 8ssets and hence taktng reasonable steps for the prevention and d&todon offraud and breaches of law and ragLdab"orn This indudes eststAi5hing arm1 maintaining appropriate S￿￿teMS of internal control to manage rtsk and ensure ac¥xJuntstM'lrty. Th8 Trusteès a￿ ￿sportsitIe the maint8n8rKe 8nd integnty of the Tnjst and finan¢io1 inftym8bon induded on the Tnjsfs website. UK legL8lation wv8mirvJ I￿ weparakn aThJ dissern1￿M￿ offinancial statemonts may drfferfrom kgi8Lation in othefjurKsd1ct￿ Stat•mont of dls¢losur• to audttor So far as Ihe Board 0fTrI￿ is aware: al Ihere i¥ no rd8vant autht infoThat*)n ofwthith th8 Try￿5 auditLYs are urwdre., and bl th¢y have tsken all steps Ihat they ought lo ha￿ takèn as TnJsie8s in order to mak8 thernsehfes avrdre ofany r8lèv8nt audrt infomiats'on and io eStstrl￿h that the Trust's auditors are a¥rdre of that Infomith"¢ Traw Flgtrh Chair 12

Do¢￿10n thveknpo ID.. 3o85BgcG861￿362-BBV￿F￿El3c3s Oponlon Wè have audited the finarKA81 statements of The Peter FKinet Tnjst for the year ended 30 September 2024 a5 S8t on pages 10 to 16. Th8 finan¢ial repDrling fr3mvAVrt that has been appl￿ in their preparation is apF4icable law and United lQng(k)m A(AwntirvJ Slandard$ indurfJrwJ FFiS 102 The Finanrial Reporbng Standard apF4icatAe kn the UK and R&pLthllc of Irejand (United lfjng(knn k(ounting Pradice). Th9 financial statements have been FKepared In acojrdance with Attounting and Reportlng by Charitles prepgrfng their accounts in accorfance vAlh the Financial Reporting Standards a￿lcat￿e in the UK and Republlc of Iroland IFRS 1Q2) in prefgren(% tr) the knntirwj and Rewbng by charl1￿. Sfalemenl of Recommended PracUL sued on 1 A￿1 2ryJ5 is refer￿1 to ￿ the exiant regUL3tlor￿ but ha5 been vthhdrawn. This has been do￿ in order for Ihe ￿COUnts to WDyide a inje and f￿r WV4V in accordance with Ihe Generdty Acceptsd Accounling Practice eff￿tive ts rewbng periods beginniTrJ on the after 1 January 2015. This report is made sc4ety to CharTWs Tnth, as a bcxty. in a(zordaryx WTth Part4 ofthe Charities (Accounts and Reports) Regulations 2008. Our audit wDrk has been uThJertaken ￿ that we mvJht state to the Charitys Tru81ees those rnatte￿ are requtred to Slats to them in an huditorfs reFK¥t and no other PUTPOBe. To the fultht eXt￿t permitted by Jaw, ￿ do not aS$Lu￿ r94?￿51b￿fy to 8nyrJng Other than the Charity and the Chpritys Trustees as a boty. lorourauthl7AYyk. for thi5 ryft>r Ihe qynv)ns have frymgd. In our Opin￿ the financid slateM￿. give a true and fayvivw ofthe state of Ihe rATraiitys affaws as at 301h SeOemtrr 2W23 and of ts incoming 8ouTce8 and ap￿iCation of rgsourcw. indwjing rb irmme aThJ ewditiwe forthe yearthen ended: have been prepared In ￿(￿da￿e th8 Charfties PLt2011. Bas1¥ of op11￿1Th We conducted our aKIit wilh IntsmatiO￿ Skndanls on A￿jfvjng (UK) {IS4s {UlQ and aP￿IcatI low. Our responsibilths under th0#9.¥tsndards are fijrlher in the Auditorfs responsibilities for the audit of Ihe finanual statemènts sedlon of our We arè irKlep8nd8nt of the Charity in aco)rd8nce wth ethic requ1￿ments that are rel￿ntIO ￿r a￿￿rt0fthO fknarria Sk￿ments in tha UrHtod IQNJdom. induding the Financ Reporbng Cwnafs Ethica Standard. and ￿ have fidfdl&J 0th8r thical rsponsibltbès in accordanc8 with these requirements. We beI￿ve that the audit eviderKe have 0￿￿ned is sUffi￿nt and approprlate to pmmde for our0pin￿. In auditing tha financial statsmwts. ws ¢t)rKJLKled Ihat the u8e of the gcing (xJn(wn basls of aDxunllng in thg preparation Oft￿ financial 51alBm8rts is apwDwi Based on Ihè vnrk wè have performed. have TrJt identif￿d any m8lerial un￿rtaInbe3 re￿ing to events or CC￿d￿n$ th8¢ irLdivHlu81ty or ￿￿eC11￿Y. may rast 5•3nrfi(xnt doubl on lh8 ab￿ty to rnntinue as a going Our responsibiliti'es and the IesF(fflS￿￿l￿8 of the Mrfth resp8d to CA)ncm 8re descrtjad In thè rel8vantseclhJns of thls re In our gv3luatiw of the trusts9￿ c¥rKIu8ions, we the rk8 asS￿sated ￿1h lh8 charitys activlties, irtluding the effects arising frNn rnacr¢>e￿ urKertainties a5 COVltk19 and anatysed how th)se risks muht affect the chariV3 finanrial resources ￿ abilty to continue opwaticn5 over the.period of months frc the date when Ihe finanraa Staterne￿ are aUthXiB￿ ts i58ue. In a1X>Nd￿ with the above, ￿ have nothing to repwt in the8e respects. However. as wè eanr)t prèdrd dl fimurn ¥ents or and as subsèquant •vènly may It￿1t in outeomès that are inconsistentwlh judgements Ih8t reasona￿& at the time made. the absencè of reference to a mat8r181 unc8rt8iity in thi8 ￿ditOrS rnp¢1 18 not a j18r8n￿th8t thè dwity*ill ti)ntin￿ In oporation. 13

Docu￿￿ thveS)pa ID.. 30B5B￿&s61843s2-BB7￿FaEGr￿1K Thè Trust8es arè rèsponsibNè frJrtr othèr informalm. Tr othèr Irrfomiathjn UJM￿s•S tho nfomation ￿￿luded in th& Annual rwL other than the ftnancAI stat•ments 8nd Auditors rekYJrt Ihèrton. Our opinlon on the finandal st2tements does not covec th& Infomiation a￿￿. exrpt tr> thè oxtont OtheTh￿e ewdty stated In raporL w do not express anyfom of assurance cotKJuskM thereon. In connec1k￿ wrfh our audR of thg fina￿1 statemgnts. our reSp￿￿1bHrtY Is to read tho other Irrfomiatton and. In doing so. conskler Wheth￿ the other Infomiation is materialty inoThistent fjth the firtarKd statements or our knowledge obtained In the audil or OtheTh￿ appeats to be malwlally misstaled. If identify such malertal inconsistenc￿S or appa￿nt materia mi8statements, are required b) detemiine whether there is a material misstatement in the satements or a mateiHI misslatement of the other informati￿. If, b88ed on the work we have performed, we D)ndude that there is a matsiial misstalemenl of this infoThnalion. w8 are requlred to , re￿￿ that facL Captyblllty of •udlt to dtyt•¢t Irrngularlllos Includlng fraud We gained an undeEslarKlw¥J of lh8 ItgaE and regulaknyfrdmeYMk a￿￿ble to the charity and the industy in vthlch It OPBres. ¢onsider¢d the risk of acts bythe charIty￿ich Djntrary to ap￿ica￿e laws and règulations. indudirKJ frèud. Thès8 Indud&J ￿twere not llmtted to (>)mF4karKe wilh the Charfties Act 2011 and FRS102. We designed audit prowlures to resp(nd to the risk. fBcogni5irwJ that thè iisk of not doiecling a matorial mis5tatemèntdue to fraud i% hKJh•r Ihan thè risk Orn￿ dèt8din9 one reS￿bIVj from ermr. as fraud may involve deliberate uJnce8lmenL We focJJsed on la￿ and regul8llons thal (x¥Jkl ghe rke lo a malertal mlss1a1e￿ In the finandal statemen18. tssts Snduded. but ￿Te not limltsd lo: eTh]U￿8S ofmanagement; . re￿eW of mlnuies of board meeongs lhr￿jgI1￿t Ihe Fthj: and • obtaining an under3tsndin9 of Ihe contrrA envirDnrnent in mt>ni1tr&19 ttmpfwncilh r8gulal1L￿$. There are inherent fimll2llons In the audié pr(redU￿ descr￿ atThp the fiJr1j￿ remov&J nonccrfnpliance wEth laws and regulathons b from Ihe events arKI tr8MsadhY￿ refiected in ts finan￿￿ 3tatements, the less likety would b￿rne aware of ￿ We also addressed the risk of mana98mant overrid8 of int8mal contro15. includiThJ testing joutna15 and eva￿ating 7knthBr th8rB VA5 V¥K18fKX af bias by th• trusta•s Ihat rèprBsèntèd a ftsk of maten.al m(sslatnent due to fraLMI. Mattèrs on whlch wo #rn r¥qylr¢d to by w8ptk•n We havg nothlng to reFXYt In resFoct of the folloing matters kn rekuon to vknlch th8 Chaddes (Accounts and Reports) RegulalKJn 2008 wuire us lo to rf, in ourc•inKJn: repor¢ or . 8ufficent accounting reLyxd8 have not been kept OT . the financial statements are not ￿ WJTeemertwith the c . we have not ￿Ned all of the infrntion and ey¥lanati￿S vm require for o￿a￿l ResponslblNtles oltrusle s expla[￿d moro fully In thg TnA5teos' res￿￿bI￿S stater￿( Ihe Tn15tees are responsible fcf the weparalbjn oftha finandal slat&m8nts and for beiTh3 satsfied that tlw give a and fair ￿ew. and for such internal La)ntrc4 as ' the Trustees detemine is necessary to enthe the weparakn of the fmanaal statements that are free frcffl malerfd mIsslat&￿ert ¥hther due tr) or ￿Tor. In preparkng the finandal stAtements. th8 Trustees are re8pon5itl￿ for as5988irg Ihg ChariV¥ 4blity to continua as a gotng concem, dlsdoslng, as a￿￿tle, matters related to going c¢)nrAm and {￿1r¥4 Ihe sving ￿n¢￿ft basis of accounting un￿sS the Trustees th intend lo liquidate Ihe Charivs or t(> Cew OF*atTrJns. or hav8 no realL attematNe biit to do g). 14

t)ocusion Enveknpelo: 30BSB9CG861&4362-887W3E6fh)E13( We have been appo￿tte￿ as auditors uThder seebon 145 of Ihe Charhles Ad 2011 8Th1 retth In aLwdance vAth thè Act and relavent regUla￿onS made or having effecttheTeuiMler. r obI8ctsves am lo oblaln rnasonaL4e assuranc• abwt stalemenls as a vknte are free from material misstat8men( vth8thw dtse to fraud LY errc. and lo issue an Auditorfs that indudes our opinion. Reasonabte assurance is a htgh assuran￿. twjt ts Th)t a guarantee that an audit conducted in accordan￿ ISAS (UK) ￿11 always detect a material misstatement it exsts. m￿teMents can arise from fraud or error and are considered material rf. indThJualty or in the ￿[egate, they oyJd Tea￿￿aLlY be ewted to infiuence th8 economlc decAsions of usws tsken cm the basis of these financial statements. A furlher ￿e￿PIlon of our ￿￿￿%)$1￿71 ils for tha autht of thè finandal slatsments Ls located on the Fmanaal ReFxytir¥J Cound's web5it8 at ￿￿.fr￿0￿.uklaUditor$resp0n$bI1it$. The desuiption fonns part ot OUT ALJitorfs Chartered Accou statutory Audftor 40 Gracethurth Street London EC3V08T 11 J c*¥ IzoLf RPGCC L8 elKiL48 to 0$ 8n •udllor kn tarn￿ dsecuon 1212 ofthe cLynpan￿S P&t 2006 15

THE PETER MINEf TRUST STATEMENT OF FINANCIAL ACTivmES For t￿ yw •ndèd 30 S•pt•mb•r21Y24 2024 2023 FuTrJ FLmd Incom4 from: Imiestments 178,338 181247 Total In￿￿￿E 178 181,347 Expènditur• on: RaisiThJ funds Investsnent management ctts 35,127 Grants Salaries Admlni8trathon (¥￿ts 176,000 55248 44.095 67,071 37, Total Expen(Iltsrn 379.160 310.470 Net Exp•ndltur• before galnj on Inbwtment awts 12(Kl.824) (129.1231 GaIn￿Lo$Se¥l on inv•slm•nt ass 679.￿5 113.806 Ngt Ex￿ndI￿re 478.842 (15.3171 Not mowmgrt In fund¥ 478.842 {15,3171 Reconclllation of lunds Total Funds Bt 1st October 21Y23 4.975,$39 4.991,256 Total Fund¥ at 30th S•I•m￿r2024 14 5,454,780 4.975.939 16

)(XJ5vJn Envdry)e ID.. 3(s￿l￿62-￿97wE6D0Et3¢ THE PEtER MIN￿ TRUST IRogi$tw•d charity no. 2599631 BALANCE SHEET At 30 September 2024 2ty24 2023 Fixed Assets Intsngible assets Tanglble assets I￿sIm￿nts 267 5.376,602 5,107.069 5.376.869 5,107,602 Debtors Cash al bank 10 17,474 238.089 255.563 16.863 11,565 28.428 Current Uabllltles Creditcrfs.. Amounts falllng due fjthln C￿ 11 177.652 160.091 Nèt Current Assets 77.911 (131.663) Total Assets L8ss Current Li#bilrti•• 5,454,780 4.975.939 Funds of the Charlty Unre5triLl8d 14 5,454.780 4,975.939 Approv8118nd aulhorisa(I by the Board of Trusteas on 20 March 2025 aThJ signed on iheir behalf by. EB8W7 Tracey Fletcher Char 2A14D1￿7P￿j&￿..................................................................... Joséph Howell 17

1 Ac¢ountlng Poll¢los lal Bagls of ￿•paratIOn aefinanclal stat•mènts The finanaal statemenls have been prepared undw the h1st0b￿ (xjst (x)nvèntton and in 8￿rdanCe wrth Acwunt¥ig aThJ Re[￿rti￿j by Charlues: Ststement of Recommended Prad1￿ applvble to aribes preparing their a￿Ounts in accordance with the Finanoa Reporb'ng StaThaard applicable in Ihe UK and Reputlic of I￿￿7nd IFRS 102) isswj on 16 J￿1 2014. the FIna￿lat RepDrting Slarwjard applicat4e in1he United I￿ng￿rn and Rep￿trA￿ of IreL4nd (FRS 1021 and Ihe Charloes Act 2011. SORP IFRS 1021. Pètar Mlnèt Trust ctysbtutès a publ¢ berfft ¢ntity88 (lefi￿1 by FRS 102. The effects of any events relating to Ihe Jpar ended 30 September 2024 which ocajrred before the date of apwvv of Ihe fiww¢ial statements by Ihe Board of Tru81e98 have been IncJded In the statgmgnts to the gxtgnt rgquwed lo a Irue and viw• of Ihg stale of affaiTr at 30 S¢ptgmber 2024 and the rpsums forthe year ended on that &gte. Ib) Th0s0 a￿o￿nts have b8sn pr￿#1￿ irt GBP aNJ amounts bg¢n rourAa8d to Iho n08rnSt £ {c) Investments are sho1￿ at tsr mark value. G￿n$ aThJ h)sses on and revaluallon of investrnents are charged or cr￿jIted to th& Ststem6nt of Fknandd ￿¥1￿8$. (d) A¢cruèd Irrt8(•at on fix￿ intèrtst S￿r￿e1 at thg dots of $4& or a¢ouffjltion b Indud&J In thè le) Flx•d asséts are trxwJht in al cost ￿ dered￿￿ o¥w Iher useful tyt a stiWt lin¢ basis al the follo￿r￿3 rotes: Office equipment - 4 ￿r3 SIR￿ht Ine Benefactor sofhvaTe g]uipment. 3 ws straight l#)e Website Build- 3 years straJht line {fj Dèbtorn ¥re recc¥ni88(l at Ihg setuernent amount alter any p)tential trade d¢scount offered. Pr¢payrn8nts are v8tue(l at the amount prepaKI net of any pjtential trade disojunt due. Ig) Cash at bank'and lft hand ndudes cash and shcffi lemi hwJhty Ilqukj invastmsnts Mlh a short motitrity (h) Llabiliti88 are re￿gniSed there is an ot4vJatK)n at Ihg Balance Sheel date as a ￿u[L of a past gven( it is prObats￿ that a trarthr of eCon￿niC benefft te in settlemenL and the amount of thè 88tll8mgnt ¢zn bg estimated rdiabty. Liablrfies are reoTnised at the amount Ihat the charity anJclpatès It w￿1 pay to sellle the debt ry ItKg W1KX￿1 Kt has recewd as advanced paYTh￿ts for the goods ¢x seThSces It must provKIe. Provlslons are Measu￿ at the best estimale ofthe am￿rtts rnquved tD 5elY8 th8 obli￿tion. Where the effect of the time value of money i8 materd. priwtsN)n is basèd on thè pré88nl value of th038 arnounls. diw)unted at the Prtrtax ￿ts0)unt rale that ￿eets the rlsks S￿￿fiC to thè Ilabllty. Tho unwirHlirvJ of Ihe diswjntls rwised wlthkn Inleresl payaL4& and sknlar Larg8s. 01 Baslc financlal Instruments arB inrfi81ty rwised al lJan5action value and subsequenty measured at thelr setlement value ith exceptrjn of any bank loans are subsequenty measured at arn￿tiSed cost using effecti￿ interest method. IrNeStM￿ts are meaSUT&J al falr Wdlue vAth char#Jes Jpccgnised in Ihe Siatementof ti) Fund accountlng Gener￿ funds are unrestricied funds t•thkh arg avallat40 for us8 al thg dlscr8lw)n ofth8 Trustegs in fUrtherar￿ of the general otiecves ofthe r• and hava ￿t teen danat8d for other purposes. Designated fvnds comprise unre5trictgJ funds that have been set aS￿￿e bythe Trustees for partipjlar purposes. The aim and use of ea( desvJnated frjnd is Set ￿t in the note5 to the finarKial statements. Ik) All incoming r•sourc•s arè i￿luded in the ￿financ￿ whgn thè eharity is entidad to thè ine¢)mè. 01 Exwdliur• is reec￿[So￿ vth8n a is and Indudès VAT. Contraciu81 arrangernents are recrJniwl as 9(￿S or Serv￿ are supplpd. 18

Im) Rgntsl co¥ts uThJèr (parallrvJ IkrThs are cWed in w4ual arThxrt ovwtho ￿rknd ofthg I￿en￿. Inl Pension eosts are incurred by the Ch￿ty in wilh the payment of a per￿[On to a ft)Tmor staff member. This is tharged in the a¢o)unts as pgid. ￿(￿nts aL￿ indude a charge for a ¢ontrtbulon tri the Fersond pensKJn of Uj￿￿nt stsff. lol A cash flow stat8m•nt is not induded in the st#lÈm&ts tewjse the charity. a5 a sm811 porttng entity. E exempt frDm the requirements to prepare suth a slatemenl under Fman&al Re￿rtIng StsrKI8rf 102 a$ grr￿d￿l by UFthte 8uWin 1. 2 In%wtThnt In¢oTh 2023 Investrn8nts Rebate fees . 139.457 142,801 38,879 38.546 178,336 £ 181.347 3 Grants to Instliu Charita￿8 Grants approvgd: Open Fund Grants Round 1 Funded Partnorn Home•Start Souttrr•rnrk IRMO {IndoameTican Reftjw & Want Org￿Ezal￿} Lojghborough JUr￿ti￿ h£tion GrDUP St Maithevls Propct Stepplng Stones Leaming LgUm Weslmlnsier Hr￿Se Youth aub Totsl Open Fund Grnnts Round 1 2024 21ll3 5.DJO 5,000 5,(QO 5,000 5.000 5.000 30.0)0 Round 2 Funded Partner• Brigm Centre5 CEF LYTKX (Communty EdtKakn F￿￿KI￿n & L￿K￿j Jw4enis 32.470 30,￿0 30.￿0 30.wo 30.￿0 25.￿0 2.870 35.746 35.746 29.BOS 65.746 238.029 Spring Communty Hub SYLA (SouthsJe Young Lr¥ P£adffjt} Ycyjrs 145.LKIO Totsl Opn Fund Grants 236.029 175.000 Stratsglc Fund Grants IVAR {Instittrte for V￿n￿ryAlyth Research) 1.cllo 239.029 £ 176.LKJO Round 2: 2024: CEF L￿¢￿ SDCAS. s￿r￿j & S￿. Year 3 (rJi grants plus Y2 Costof Living (COL) grants Bright Centres: Y2 grant paKI aFler 2023 Year End (YE) Y2 COL Lfdnt Y3 paid after 2024 YE Juvenis.. Y2 grant paKI in 2023.. Y3 grnnt paid after2024 YE: 2024 Y2 COL grant Your Story. refieL#s Y2 and Y3 grants in¢tudiNJ tr Y2 cr￿ grant 4 Tru8ts98' rwnumraflon and exponses During ￿r. no memtsrofthe EJard rfTntg8s any remunwi)n (2023 -£0). Two T￿*t￿5 wgr8 rolmt￿lSed travel elpen￿ of£77 #i SY24 {3)ZJ. £33 19

2024 2023 Salmry of Dlr8dor SocLg1 Sal￿rity c¢sts ContributK)n to Directorfs pension Pension to fvrmer emF4oyEe 55,107 1,685 3295 46,758 2.338 6.152 67.071 £ 55.248 No The average monthty nurnb8rofemploJpes wa5 (￿e.. No emF4oyee recknd rwnun9ration of morB than £60,OIJJ. Jart from thg Trustees, W managemenl o)mpiises Ihe Dkeclor. Th8 a93regate remLmf81kn ofkey m8nag8m8nt8mounted lo £55.10712023." £46,758) In 2023 the Empwrfs All¢ywance rA)vered Ihe Nalional Insuran￿ dmrge. Th8 Directorf¥ pension contributions of £3295.120rJ: £2.3381 arg indudad irt th& SOF e ￿mIn￿tratIofi 113 8.4 7.875 3.osf 11,403 12,3¥2 15.054 321 Propetycosts Prof￿0￿￿ f#8S Tm5tee tsiniThJ eype Audit fee- ￿r￿entYear Audilor¥- ¢)ther 3ervi¢es {Fffjyrc*I 267 37.6￿ £ 44,095 2024 2023 List￿ Inveknts ArkelV￿￿e at 1 Oth>ber2W43 Addition¥ D1$pO￿ R8dis8d gai￿1(10￿3eS? 5.059,616 4,965,676 268,4g2 66,034 1641.0631 (85.9001 (1.1561 718 680,821 113,088 5,366.&JO 5,059,616 9,912 47.453 5,376,602 5.107.069 Cash wth investW managers Mathetvalue at 30 sept￿tr￿r2024 The marketvalue ofthè investsment porfdio i¥ based ￿ the &55essments ofthe Tnj￿$ Invesbment managers, Sarasln & Partners UIL 8 T￿gIbl# & Intanglblè Ass•ts Tanglblo Equip- Benef￿r Total softwarn we￿19 buld 8s$0ts Intangll Cost at 1st OdobBr 2023 Addibons At 30th Wsmb¢r2024 6.697 1010 8.IXIO 14.707 6,897 2.010 6.000 14.707 At 1st October 2023 Charge for the At 301h September 2024 6,164 266 2.010 14.174 2.010 6.LYJO 14.440 Net Book Vaue At 30th S8Pt•mber 2024 Al 30th Septèmbw2023 £ 267 £ £ 533 £ Nll £ Nl £ Nil £ Nil £ 267 533

9 Related partytrans￿lQn$ 10 D•btorn Due MtNn Jw. rued irKome 2023 10.030 £ 17.474 £ 16.863 11 Cr8dlto Due wilhln one )ar. Grants payabje Audit fee Prof￿10n￿ f888 2W24 2023 161J34 4.800 10.999 519 £ 177,652 £ 160,091 145,000 3.690 10.441 12 Flnaneial Commitnw Durkn9 the Krbd. thè TrLtsttAOS lft thèthkd i•arofllwee pr pa￿shS vjlth sèvèn ¢8n Fund Round 2 Pathèrs 8YxI th8 Trust agraèd thè rnn8w81 offNe granls in Sept8mb&r2024. fyants a d8Fondent on Tamis and cc￿d￿n$ mat as part oftha Trusfs Movral process. Op•n Fund: Yw 3 txjxmiinwts to Iwj RouThl 2 Partr￿a￿e￿I in (￿ber 21T24 Open Fund: Commllments to seven 2 Parlners foradd1uon￿ grants for th period September2025. ALVJUSt 2026 Strateglc Fund: Commttments ts IVhR's and Trusti￿ Camp8bJn. 140,LKJO 1.￿0 13 FlnancSal Instruments 2123 Flnanrrxl a8¥ets measured 8ttsTvalue thrrA￿h aThJ ey¥ThJTbJTe 5,376.802 awts measured at arTh)rb￿ cr 5.107,069 fin8no liablitBs ffle&5ured at amorbwj crAt 160,091 Financ4al assets measured at faw value th1o￿h iTh>Jme aTrJ ￿m￿se 1rNe9trn￿ and bank balances Finanoal assets meagjred at amortr￿￿ c0stttm￿ise dIvKItr￿ r￿¥abkn arKI grant d8blors. FinanLyal I￿￿￿188 M￿ured at a>st comprises uedrtm as Noie 11. 21

14 Statement of fund•. CuThent >wr Transfers Balance al 01-Oca-ZJ ExpthJre InlcKrt De91gnated )lJThJs 310.452 {102.800) 207,652 Expenditure General fund.. Gain51(L￿a8) on Investments 4NO.953 178,336 (379.1601 102.800 4,781929 15.466 679.665 464.199 Total Unrestrided fund8 4.975.939 858.001 (379.1601 5,454,780 Totsl of fund 4975.939 8S8.001 79.1601 £ 5,454.7BO The de8b3nat8d fund represents the planrBd tsjmmltment made to mumi ywgr8nis. The Tmstees are oflhe opinvj) thatthis a deswJn8d fu￿1 b￿U58 an intgntion 6xsis to sel aside th880 fu￿1$ to t￿￿18 MLIII Jwr gr St#t•ment of fundg. Prior> Baance Trnnsfers Bglance at 01-022 Incom8 Elp￿I￿re Inlc4Jl 31FSep23 fur 410.(M)O 193,5481 310.452 Eypendilur General lund: GalnsllLosses) on 4.910.528 181.347 {310.470) 99,548 4.080.953 329272 113,806 215,466 Totsl un￿StrIcted funds 4,991256 295.153 (310,470) 4.975.939 Totsl offunds 4.991256 295.153 1310.470) £ 4,975.939 LknrB51ri¢*d DesignateJJ Funts FuThY8 Funds Investri￿ts Tangible fixed assets Current assets Creditors due vthhin cme y 5.168.684 207.652 5.376,336 533 255,563 17T.6521 5,454.780 255.563 {17T.6521 5247.128 207.652 Un￿Str￿aed D￿Igna￿￿ Total Funds Funds 4,7%,617 310.452 &107,069 533 28.428 (160.091 4,975,939 Tangible fixed Asséts Current assets Creditors dug willun an• pr 28.428 160.091 4.665.487 310.452