2025-04-05-accounts

The Truemark Trust TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2025 Charlty Number. 265855

Contents Pag8 Legal and administrative infomiation Trustsos annual report Independent audito￿9 report Statement of flnancial actfvltles SLitement of flnanclal posillon 10 Notes to the accounts 11-17

THE TRUEMARK TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs J Hayward, Senior Trustee Mrs S Knight, Honorary Treasurer Ms J Dunham Mrs S Vening Mr S Collins Mr P Summerfield Auditors Branston Adams Chartered Certffied Accountants Suite 2 Victoria House South Street Famham Surrey GU9 7QU Prfnclpal registered add￿$$ Clare Pegden Administrator POBox2 Liss Hampshire GU33 6YP Charlty Reglstratlon Number 265855 8ankep8 Cazenove and Co Limited (Cazenov6) 1 London Wall Place London EC2Y SAU Sollcltors Moore Bartow The Oriel Sydenham Rd Guildford GU13SR Investment Advlsors Cazenove Capital Management (Cazenove) 1 London Wall Place London EC2Y SAU

THE TRUEPAARK TRUST ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 April 2025 The Trustees present their Report armd Accounts of the Charity for tt)e Year ended 5 Aptil 2025. The financaal statements have been wepared in accordance with the accounting poli¢ies sel out in note 1 to the acs)unts and o)mply the charitys trust deed, the Charities Act 2016 and Accounting and Reporting by Charittes: Statement of Recommended Pradice applicable to tharities preparing their accounts in accordance with the Financial Reportyng Standard applicable in the UK and Republi¢ of Ireland published on 16 July 2014. 1. STRUCTURE. GOVERNANCE AND MANAGEMEKr The Truemark Trust is an unincorporated Trust created by a Trust Deed dated 9th Ayil 1973. tt ts a Registered Charity. number 265855. The Trustees who served the Chaiity during the year there &s follows: Mrs J Hayward, Senior Trustee Mrs S Knight, Honorary Treasurer Ms J Dunham Mrs S Venir Mr S Collins Mr P suMmerf￿1d The Truemark Trusys Trustees are elected by a majortty vote of all the Trustees. In the past ten years our policies WKJ procedures for inductton arKI training of our Trustees have been c£lled into play in six cases. In general, our policy is to seek potential Trustees vtho. a) come highly recommended by more than one referee already known to the Trustees. or b) are known alr&￿Y to one or more Truste8S to be lik￿minded in tenns of our objectives and ￿tIVitieS (see 2 below} armj who at the same time are ablo to contribute thLyr knowtedge and experience of the areas from where our income is derived (see 4 bebw). The prcmzdure is for the potential trustee to be fi￿1 interviev￿￿ by the senKJr tnJstee and the treasurer and then, after diS¢l￿s1on of Ihe issues and accountabilities relating to our part of the charity world. he or she will be invited - subject to mLrtual agreement- to attend our next three or four quarterly meetings as our guest. The T￿￿tee$ ￿11 then discuss the appointrnent and vot8 on It. Provided the majority are in favour the Senior Trustee will then invite our guest to fomialty attend our next meeting and o)mplete the necessary drxumentatton as a new Trustee. In tern￿ of training and getting familiar with our work. they are referred to the Trust Deed. we ha￿ developed a Yrustee's questions'letter. and we recommend that all Trustees shoukl vistt the Chartty Commission's website at www.char commission. ov.uk from time to time to acquaint themselves with the guidelines for Twstees. the public character of charity, the emergen￿ of new charitable purposes, charities for the relief of sickness, etG. In addTtion, we ty to make opportunitses for a new trustee to 'shadoW' a mor8 experienced trustee. possibly alongside our professional advisors. as we are constanuy seeking to optimise parbcular aspects of our operations (see 2, 3. 4 and 5 bekm) 2. OBJECTIVES. AcnvmES, RISK MANAGEMEKf AND RESPONSIBILMES The Trust's purpose is to make grants to other c*aritable bodies for the relief of all kinds of social distress and disadvantage. There has been no material change in the Trust's policy of making donations to mostly small local Charities dealing with all kinds of disadvantsge, wilh preferences to neighborhood-base(I communty projects and for innovatory work with less FK)pular groups.

The routine business of the Trust conlinues to be carrie(l out on a voluntary basis by the Senior Trustee, the Honorary Treasurer and four ftjrther Trustees. During this year the Trusys Auditor has also agreed to assist in an advisory capacty. A part-time Administrator assists them. There are currently six Trustees in total. Decisions on Grants and the management of the Trusys assets continue to be made by the Board of Trustees as a whole at regular meetings. As Trustees of the Ttuemark Trust we are duty bcmjnd to demonstrate not only competence, challenge, and knowtedge of chanty affairs, but to make ourselves aware of any significant risks which the Charity may face on a regular basis and to ensure that the annual review of our financial and operational affairs carried out through our intemal discussions and audit programme will provide sufficient resources to ded with any adverse conditions. As to any fresh and significant risks and responsibilities whith Ihe Charity may face in the future, we have been concemed Ihat°digital continuiV of documents (that is the ability to US8 our informatlon In the way we need. for as long as we need) and the availability of two signalmres re cheques and other legal documents can both be put at risk by death. accident, thanges in organisation. management. processes. technology. holidays, or travel. In practical terms. our informatlon is only usable rf we can find TL open rt. work with i( understand It and trust it. In order th8r8fore for us to malntsin information (x)ntinuity and th8 ability to do our business, we ensuro that our Administrator acts as a hub for all infonnation, and in case of accident that her infomiatlon system will be understood and accessible to at least one named Trustee. The Trust88s hav8 assessed the disclosures made in the Trustee's reFM)rt and consider that these SLrfidenlly datail the slgnffjicant actlvib'es undertaken in order to cary out the charity's aims for the public benefit. When planning the Charity's activrties, the Trustees hav& given regard to the Charity Commisslons guFdance on public benefit. 3. ACHIEVEMENTS AND PERFORMANCE In the year endlng 5th April 2025, the Truemark Trust made: 87-grdnts totaling £467.500. giving an average grant of £5.374 (compared to the year endlng 5th April 2024: 62 grants totaling £316,5fy) givirvJ an average of £5,105 per grant) A detailed list of grants and loans made in the year is induded in note 5 of the attathed accounts. Hislorlcally the Trustees met quarterly but mre reguLgr meetings have tsken place slnce the CovSd 19 Pandemic to ensure a swifter distribution of funds and there are no plans for this to change. The TTUStees feel that th￿r obiectsves have been adequatety met this year. However the Trustees are aware that there are extemal factor5 which could affect the achievements of their objectives. In respect of investments these are dependent on the genepl perfomiance of the UK rnarkets. In order to minirnrze this, the Trustees have set prudent Investrnent policies and pla reliance on the tethnical exportise and foresght of investment managers to monitor and adwse on necessary investment changes and suitable asset allcKations. Ther8 are no restrictions on the Chali￿S power to invest The investrnent strategy is set by the Twstees arNY takes into account income requirements. the risk profile and the investrnent managerfs view of the market prowects in the medium temi. The overall investment policy is to maximize total return. DurirvJ the year Ihe tharity has Kxjthlios of investrnents managed ty Cazenove. The investrnents market value as at 5 April 2025 £543.012 (5 April 2024 of £373.487).

Overall the investment portfolio has maintained performance and the investments are boing made in accordance with the Trustees, investrnent policy s8t out above. The Trustees a￿ satisfied with the overall performance of the investments and remain satisfied that their investment objectives are being mgt and their policy is being achieved. 4. FINANCIAL REVIEW The Twsys strategi¢ income policy is to increase both the capital value wherever possible and the inccme of its assets and to achwe the maximum distribution of income consistent prudent management. As an endowed Charity. the Trust has never madè an appeal for funds. The Trust's income continues to derive from residential properties. from charitable common investment funds and from bank interest. In re￿nt years the government reduced our dividend income by taxation and introduced legislation that has steadily added to our residential property costs over and abovg inftation. and thus to the level of reserves required to maintain the Propert5es both to a satisfactory standard and to ensure that they meet ujrrent regulatory requirements. Accordingly, we continue to carefully review the performan of our residential properties (see 5 below), and whilst we keep infornied about our Investment Fund Man8geTS' policies we ￿ntinUe to be satisfied with their overall performance. The Twstees confirm that all the Trust's investments are in line with the original deed, being in ett)Ical commn investment funds. and Ihe Trustees have been advised by their Fund Managers that our indirect exposure is less than 50h in ar8as of concem e.g. tobacco. am￿ments etc. After making appropriate enquiries. the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the fo￿Seeable future. For this reason they continue to adopt the going concern basis in preparing the financial ststements. 5. PLANS FOR FUTURE PERIODS During the year under review, in conjunction with our respective managers. we have continued our previously established strategic approach to the indivldual and collective Strengths. Weaknesses, Opportunities and Threats, in respect of all our inveslment funds and residential properties. As alluded to in last year's report consideration to forning a new CIO was high on Ihis year's Agenda and after much discussion, research and support from the Trust's Legal and Financial Advisors the Trustees are delighted to confimi that the Truemark Trust and Tho Inlight Trust will merge into a newly fomiod CIO called the Truelight Trust with 8ffect from 6th April 2025. This will therefore be the last Annual Report for The Truemark Trust Considerable thought was given tr) the new CIO and in parbcular the need to continue with the ethos of the original Trust to ensure the Founders wishes remain at the forefront of how the new CIO ￿11 function and areas they wish to support. All parties ￿nnected wtlh the newly created CIO are very happy that this has been achieved We have continued with our more attentive approach to residential properties; we continue to dispose of selected older properties in which there are no longer Regulated Tenants, in favour of acquiring more modem properties. 6. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Charty's Trustees are responsible for preparing the Trustees Annual Report and the financlal statements in accordance with applicable law and UK accounting standards (UK Generally Accepted Principles).

The law applicable to charities in England and Wales require5 the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for the charity for that period. In preparing these financial statements. the Trustees are requlred to". select suitsble accounting policie5 and then apply them consistenlly. observe the methods and principles of the Charities Statement of Recommanded Praclice (SORP). make judgments and estimates that are reasonable and prudent; state whether appSicable accounting standards have been folbw8d, subject to any material departures disclosed and explained in the financial statements and prepare the financial statements on the going concem basis unless it Is Inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements ￿mplY with the Charities Act 2016, the applicable Charities {Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safegu8rding the assets of the tharity and taking r&3sonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the Maintenan￿ and integrity of the charrty and finan￿al infomiation included on the charity's website in accordance with legislation in the United Kingdom goveming the preparation and dissemination of financial ststements. 7. DISCLOSURE OF INFORMATION TO AUDITORS In so far as the Trustees a￿ aware: there is no relev£nt audit information of which Ihe charity's auditors are unaware,. and the TTUStees have laken all steps that they ought to have Lqken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that infomiation. . INCORPORATION OF THE CHARITY Subsequent to the year end. on 5 April 2025, The Truemark Trust (Charity Numbar 265855) transferr8d its assets. liabilities, and ongoing activities to a newly 8Stablished Charltable Incorporated Organisation (CIO). The Truelight Trust (CIO Number CE037216). The transfer was made in accordance with the governing document of The Truemark Trust and relevant Charity Commission guidance. The purpose. charitable objectives. and acttvities of the charity continue through the CIO. The Trustees of the new CIO are substantially the same as those of The Truemark Trust, ensuring continuity of governan￿ and management. The Truemark Trust ￿51 be fomally removed from the Register of Charitiès following completion of tha ne￿SSary statutory procedures.

Signed on t￿half of the Trustees of The Truomark Trust by Date

Independent Auditorfs report to the Trustses of The Truemark Trust for the year ended 5 Aprll 2025 We have audited the financi81 stat&ments of The Truemark Trust for the year ended 5 April 2025 set out on pages 8 to 17 which have been prepared on the basis of thè accounting policies set out on page 10. The financial reporting framework that has been applied In their preparation bs applicable law and United Kingdom accounting standards (Uniled Kingdom Generally Accepted Accounting Practice). Thts report is made solety to the charfvs Trustees as a body. in accordance with Section 144 of the Charities Act 2016 and the regulations made under Section 164 of that Act. Our audit work has been undertaken so that we might state to the chariVs trustees those matters we are required to state to Ihem in an auditorfs report and for no other purpose. To the fullest extent pem)itted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body. for our audtt work, for this report. or for the opinions we have fomied. Respective responslbilities of trustees and audltor As explained rn0￿ fully in the statement of trustees. responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they gwe a true and fair view. We have been appointed as auditor under section 144 of the Charities Act 2016 and report in accordance with regulations made under sectton 164 of that Act. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and Intemational Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's ethical standards for auditors. Scope of thè audlt of the financial sLitsments An audtt involves obtaining evidence about the amounts and disclosures In the financial ststements sufficient to give reasonable assurance that the financial statements are free from material mtsstatemenL whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the group's circumstan¢es and have been consistently applied and adequately disclosed., the reasonablaness of significant accounting estimates made by the Trustees. and the overall presentation of the financial ststements. We read all the information in the report of Twstees to identity material inconsistencEes with the audited financial statements. If we become aware of any apparent material misstaterrents or inconsistencies, we consider the implications for our report. Opinion on financlal statements In our opinion the ftnancial statements: give a tnje and fair view of the state of the charity's affairs as at 5 April 2025 and of the chartWs incoming resources and application of resources. for the year then ended. have been properly prepared in accordan￿ United Kingdom Generally AC￿pted Accounting Practice and have been prepared in accordance with the requirements of the Charitres Act 2016. Platters on whlch we are requlred to report by exception We have nothing to report in respect of the following matters where the Charities Act 2016 requires us to roport to you if. in our opinion:

the infomiation gfven in the report of Trustees is inconsistent in any material respect wilh the financial statements- sufficient aC￿unting records have not been kept; the financial statements are not in agreement with the accounting records and retum8 and we have not re￿Ived all the information and explanations we require for our audii. Emphasls of matter- Subsequent Incorporatlon We draw attention to Note 16 & 17 of these financial statements, which describ8S, that subsequent to the year end, The Truemark Trust transferred its undertaking, including all assets and liabilities, to a newly incorporated Charitable Incorporated Organisation, The Truelight Trust (CIO Number CE037216) on 5 April 2025. Our opinion is not modlfied In respect of this mattèr. Paul Branston Adams Isenlor Statutory Audltor) For and on Behalf ol Branston Adams Statutory Auditor8 and Chartered Certlflod Accountants Sulte 2 Vlctorla House South Street Farnham Surrey GU9 7QU 7 January 2026 Date

The Truemark Trust Statement of Financial Acthiltles For the year ended 5 Aprll 2025 2025 2024 INCOMING RESOURCES hwestrnent Income hterest Receiwable Rental InC￿le 18,916 24,457 17,305 589.126 849.152 TOTPL INCOMING RESOURCES 868.068 630.888 RESOURCES EXPENDED Costs of generating funds: Rental exp8ns8S Charttable activities Govemance costs nagement and adminlsratk)n 386,451 467.5CK) 184,241 316,500 70.247 190,245 TOTPL RESOURCES EXPENDED 924,198 690,986 NET RESOURCES EXPENDED BEFORE ASSET DISPOSPL (56.130) (60.098) Gainsl(Loss) CY) disposals of property assets Gain￿(Lo$S) on disposals of Investrnent assets NET RESOURCES EXPENDED BEFORE REVPLUATIONS {56,130) (60,098) Gainsl(Loss) on revaluations of property assets Gainsl(Loss) on revaluatic￿S of investment assets (28.515) 10,039 NET MOVEMEKf IN FUNDS FOR THE YEAR (84.645) (50,059) Total funds at 1 fvpril 2023 17.795,301 17,845,360 TOTPL FUNDS AT 31 MPRCH 2024 17.710,656 17,795,301

The Truemark Trust Statement of Flnanclal Positlon As at 5 April 2025 2025 2024 Note FIXED ASSETS Tangible assets Investm8nts 17,115.000 543.012 17,658,012 17,115,000 373,481 17,488,481 10 CURRENT ASSETS Debtors Cash 11 6,000 51,444 57,444 6.000 305.620 311,620 CREDITORS: amounts falling due . wtthln one year 12 (4.800) (4.800) NET CURRENT ASSETS 306,820 TOTPL ASSETS LESS CURRENT LIABILITIES 17,710,656 17,795.301 THE FUNDS OF THE CHARITY Unrestricted Income funds 13 17,710.656 17.795,301 TOTPL FUNDS 17,710.656 17.794301 The financial statements were approved by the Trustees on ...... 2026 and Nvere signed on their behalf by: Mrs Judy Hayymrd io

Notss to the finan¢lal statements For the year ended 5 April 2025 1. ACCOUNTING POLICIES a) Basls of preparatlon and Going concern The financial statements have been preparad in accordance with the Statement of Recommended Practi￿. Accounting and Reporting by Charities preparing their accounts in accordan￿ with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2016. The trustees consider that there are no material Un￿rtaIntieS abjut the Trust's ability to continue as a going conc8m. b) In￿mIng rnsources Income comprises gross investment income. deposit interest and property revenue. All incoming resources are included In the Ststement of Financial Activities when th& charity has entiuement to th8 funds, certainty of re￿Ipt and the amount can be measured sufficient reliability. c) Resourcos expended Rèsources expended are included in the Statement of Financial Activities on an accrua15 basis, inclusive of any VAT which cannot be reu)vgred. All expenditure has been classrfied under headings that aggregate all costs related to the category. Costs that cannot be directly attributed to particular headings have been allocated to aclivilies on a basis consistent with use of resources. Grants payable are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charty. d) Fund accounting Funds held by the charity are unrestricted general funds. which are available for use in accordan￿ with the charitable objects at the discretion of the Trustees. e) Tanglble flxed assets and depreclation Freehold investment properties are Frofessionally valued every fwe years, which is in accordance with recommended pract￿. In intervening periods. investment properties are shown at market value based on the trustee's review. The last professional valuation took pla￿ March 2022. Leasehokl properties are shown at market values allowing for the length of tenn remaining on the lease and are professionally valued every five years. The last valuation took place March 2022.

No depreciation is provided on freehold or leasehold propertios as they are held as investrnent properties and recorded at market value. fj Flxod asset investmonts Investments are a form of basic financial instrument and are inTtially recognised at their transaction value and subsequently measured at their falr value as 8t the balan￿ sheet date using the closing quoted market pri￿. The statement of financial activlties indudes the net gains and losses arising on revaluation and disposals throughout the year. The Trust does not acqulre put options. derivatives or other complex financial Instruments. The main fomi of financial risk fa￿d by the charity is that of volatillty in equity markets and investrnent marf(ets due to wider economic conditions, the attitude of invostors to investment risk. and changes in sentlment concerning equities and within particular s8Ctors or sub sectors. g) Reallsed galns and108ses All gains and losses are tsken to the Statement of Financial Activities as they 8risa. Realised gains and Ios50s on investments are calculated as the diff8rence between sales proceeds and their openlng carying value or their purchase value if acquired subsequent to the first day of the financial year. Unreallsed galns and Ioss8s are calculated as the difference be￿en the falr value at the year end and thelr carrying value. Realised and unrealised Investment galns and losses are combined in the Statement of Financial Activities. h) Assets and Ilabllltle8 Current assets are included at the lower of cost 8nd net reallsable value. Liabililies are generally recognised as soon as there is a legal or constructive oblig8tlon committlng the charlty to the expenditure. Liablllties are induded at their settlement value. I INVESTMENT INCOME 2025 2024 UK quoted investrnents 3. INTEREST RECEIVABLE 2025 2024 Interest receivable 4. RENTAL EXPENDITURE 2025 2024 Community charges and general rates Agent's fees Repairs and maintenance Light & heat and insurance 21.516 97.466 234.958 25,333 66,244 69.276 184,241 12

1. GRANTS PAYABLE 2025 2024 Grdnts 316.500 Grants were made as follows in the year ended 5 April 2025: 2025 1110612024 8 Alton Scouts 1110612024 Age Concem Cheshire 1110612024 Conquest Arts 1110612024 A Band of Brothers- Leamington Spa 1110612024 Co Active Arts 1110612024 Freedom Community Alliance 1110612024 Dartmouth Caring 1110612024 Soaety for Horticultural Therapy 1110612024 Young People Taking Action 1110612024 Families First st Andrews 1110612024 Rocking Horse Children's Charity 1110612024 Soud Café Leicester 1110612024 Serve Rushden 1110612024 Ruddi's Retrear 1110612024 Prisoners Abroad 0710812024 York Neighbours 0710812024 Living Hope 0710812024 Disabled Persons Housing Service 0710812024 Liss Community Association 0710812024 Dad's House Wandsworth 0710812024 Gifted Women 0710812024 Saffires Project 0710812024 Caberfeidh Horizons 0710812024 Lighthouse Family Trust 0710812024 Isly & Jura Community Enterprfse 0710812024 Pearf Exchange 0710812024 Dovetail Orchestra 0710812024 Time Away 0710812024 King'5 Arms Youth Project 0710812024 Butteffly Twst 0811112024 Caring Breaks 0811112024 Kind (Scotland) 0811112024 Mamialade Trust 0811112024 Okehampton Community Transport 0811112024 Dog Assistan￿ in Disability 0811112024 Lunch on the Run 0811112024 Sdent Sharks Wheelchair Rugby Club 0811112024 Mwr Allerton Elderly Care 0811112024 Communkity Fumiture Store 0811112024 Abbey School (famham) Twst 0811112024 Refresh Carers Leeds 2011212024 Downs Syndrome Development Trust 2011212024 Befriend A Child 5,000 4,000 5.000 7,000 5,000 7,000 1,000 5,000 5.000 3,000 4,000 7,000 5,000 7.000 5,000 3.500 7,000 5,000 8.000 5,000 2,000 7.000 5,000 3,000 5.500 5.000 3.000 5.000 6.000 3.000 5.000 12,000 5.000 5,000 12.000 3.000 5,000 4,000 5,000 5,000 12.000 5,000 2,000 13

2011212024 Prison Radio Association 2011212024 Transformation CPR 2011212024 Trauma Informaed Parenting 2011212024 Dro1￿ICh AED 2011212024 Annexe Communities 2011212024 18 & Under 2011212024 Grace Organisab'on 2011212024 Jewish Council for Racial Equality 2011212024 Whitton Youth Partnership 2011212024 KLSB Communlty Group 2011212024 Givlng Hands Missions 2011212024 Purfeet Trust 0610212025 Milan Lunch & Social Club 0610212025 Talking Money 0610212025 Teams & Bensham 0610212025 Youth on the Move 0610212025 Bristol Women's Voice 0610212025 23rd Bromley Scout Group 0610212025 Blooming Blossoms Trust 0610212025 Ruby's Fund 0710312025 Engage Wtth Age 0710312025 Order Art Therapy 0710312025 Glasgow City Mission 0710312025 Aghalee Willage Hall 0710312025 Glasgow Children's Holiday Scheme 0710312025 Create Bolton 0710312025 Leys Get Gn)wing 0710312025 Trellis Scotland 0710312025 Wilow Trust 2110312025 Prodigal Arts 2110312025 Community Housing Plus 2110312025 Ark of Hope Foundation 2110312025 Bow Foodbank 2110312025 Asylum Welcome 2110312025 Tipton Foodbank 2110312025 Counselling Hub 2110312025 Scampps in Surrey 2110312025 Thirsk Youth Club 2110312025 British Disabling Angling 2110312025 Lothian Autistic Society 2110312025 Buckingham Winslow & District 2110312025 NoDNich Mens Shed 5.000 5.000 3.500 4.000 2.500 2,000 2,500 3.000 8,000 5,000 5,000 5,000 2.000 2.000 7,000 5.000 4,000 7,000 6.500 7.000 3.000 4.LKIO 5,CKIO 5.000 10.000 3.000 6.000 10,000 10,000 10.000 5,000 8.000 5,000 2,500 7,000 10.000 10,000 3,000 10.000 2,000 10.000 10,000 467,500 14

1. GOVERNANCE COSTS 2025 2024 Management and admlnlstration costs Professlonal and legal fees Accountancy fees Audit fees Staff salarles Pension costs Insurance Travel, stationery, postage and office expenses 24.060 2.628 2.940 36,233 808 299 150,928 2,616 2.880 27.574 638 299 5,310 190.245 70,247
2. TRUSTEES Non8 of tha Trustses or any persons connected wlth them recelved any remuneration during the period. Five Trustees and one employee wer8 reimbursed a total of £3.279 (2024 - £5,310) for travel, stationery, postage and office expenses. STAFF The 8V8rage number of person's employed during the year was 1 (2024- 1) 2025 2024 Staff costs wora as follows: staff salaries Social security costs Pension costs 32.434 3.799 808 26,615 959 638 No Employee or Trustee re￿iVed emoluments above £60,000.
3. TANGIBLE FIXED ASSETS 2025 2024 Freehold and leasehold Investment property As at 6 April 2024 17,115.000 10,615.000 Additions Dlsposals Revaluations 6.500,000 Balance as at 5 April 2025 17,115,000 17,115,000 Properties are freehold and leasohold and were last professionalty valued during March 2022 on an open market value basls subject to the tenancies subsisting at the valuation dats and the leasehold terms remaining. 15

Trustees have confirmed that the value shown accurately reflects the properties at market value, In accordance with the charity's accountlng policy. 10. INVESTMENTS 2025 2024 Invastments Valuatlon Market value a5 at 6 April 2024 373.481 508,673 Additions Disposals Revaluations 198,046 (145,231) 10.039 128.515) Market value as at 5 Aprll 2025 543,012 373.481 The charity held the following materfal UK investment portrolios as at 5 April 2025". 2025 Materlal UK Investments Cazenove Sustalnable Multi-Asset Fund Caz8nove Charity Multi-Asset Fund 348,288 194.724 Market value as at 5 April 2025 543012 11. DEBTORS 2025 2024 Trade debtors Other debtors 12. CREDITORS: Amounts falllng due wlthln one year 2025 2024 Accruals 4,800 4,800 4.800 4,800 13. FINANCIAL COMMITMENTS At 5 April 2025 the charity had no financial commitments (2024 - £Nil> 16

1. RELATED PARTY TRANSACTIONS There were no related paty transactions in the year. (2024 - £Nil)
2. TAXATION Tho Truemark Trust is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charibes.
3. GOING CONCERN The financial statements have been prepared on a going concern basis. The Trustees have assessed the charity's ability to continue as a going concern and are satisfied that this basis remains appropriate. With effect f￿M 6 April 2025, the adtwties, assets and liabilities of The Truematk Trust will be transferred. together with those of its sister charity The Inlight Trust. into a newly incorpordted Charitab￿ company. The Twelight Trust Limited (company number CE037216). The Trustees have ¢onsidered the reSoUr￿S available to the newly incorporate(I charity and are satisfied that there are no material uncertainties that cast significant doubt on tha ability of the charitable activities to continue. On this basis. the Trustees consider it appropriate to prepare the financial statements on a going con¢em basis.
4. SUBSEQUENT EVENTS On 6 April 2025, the actiVFbes. assets and liabilities of Thè Truemark Trust wer8 transferred to The Truelight Trust Limited (company number CE037216). a newly incA)rporated charitable company. At the same time, The Inlight Trust, sister charity, was also incorporated into the new entity. Followng this transfer, The Ttuemark Trust has ￿aSed to operate as an unincorporated charity, th all future activities being undertaken by The Truelight Trust Limited. 17