2023-12-31-accounts

[h￿sIgn EnveknFe ICI. 8AD024C2481044Ot-8￿&ssD4efj￿3￿ Company Registration No. 01154049 (England and Wales) Charity Registration No. 266983 ZURICH COMMUNtrY TRUST {UK) LIMITED (a Company Ilmltsd by guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 •ADB38LIIX• 2S07r2024 COMPANIES HOUSE

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[kJvJS￿n Env8W ID". 8A0D24￿2.F8lD44O1￿2￿S5o46oA3A ZURICH COMMUNITY TRUST {UKI LIMITED la Company limit•d by guarantee) Rèlerence and adminFstrative detsils Company status Zurich Community Trust IUKI Limited rzcr) is a company limrfted by guarantee and does not have share caprfcal. Each member has guaranteed £1. ZurFch Community Trust is incorporated in the United ngdorn ('UK"). Zurich Community Trust is a wistergd charity (registrab"on number 2669831. The registered ad¢Jress is.. Unity Place 1 Carfax Close Swindon SN1 1AP Trustees The Trustees are aL%o the Directors of Zurith Community TnJsi for Companies Act pu￿0$8$. All Trustee appointments are proposed ty the Board of Tnjstees and approved by the members. The Trustees who seNe(I during the year and who were in office up 10 the date of signing the financial ststements were". Tfim Bailey Steve Collinson Tim Culling Amy Dun5ter Wayne Myslik Rithard Peden Qualifying third party indemnity provisions (as defined in Section 234{21 of ihe Companies Act 20061 have been in force for the benefil of TrUS￿eS during the year and remain in for￿ as at the dale of this TrustèÈs' Rew)rt. Zurich Communty Tnjst members are Zurich F￿anCIal Services IUKISA) ts'mited I'UKISA'I and Zunch Financial Services IUKISAI Nominees Limited. The memtrs' U￿.mate parent company is Zurich Insuranc&Group Ltd I'ZIG'I. whith is incorwated in SwItze￿and. Related Party transa(ons are di8ckJsed in Note 22. In light of Zurich Community Trusys structu￿. the Trustees had no finar￿la1 interest in Zurich Community Trust. Key managèment pèrsonnel The Head ofzurich Community TnJst during 2023 was Steve Grimmett. 8ankers, Investment fflanager and independent auditor Zurich Community Trust's bankers are.. Lloyds 8ank plc PO B0¥ 72 Bailey Drive Gillingham Business Pa Kent ME8 OLS

Docuslan En¥eki￿ 10.. 8AOD24e2461D4401492a45D460A ZURICH COMMUNITY TRUST (UK) LIMITED la Company limited by guarantee) Referencè and administrative details {continued) Bankers. Invesknent manager and independent auditor {continued} Zurich Community Trust's investment manager is Threadneedle Investment Services Limited Cannon Pla 78 Cannon Street London EC4N 6AG Zurich Community Trust's independent 8udilor is." Emst & Young LLP Statutory Authtor 25 Churchill Place Canary Wharf London E14 SEY

Do¢uSKJn Envéw ID.. 8ADD24C2.F81D4401.W2&55D460A3A ZURICH COMMUNITY TRUST {UK} LIMITED (a Company limited by guaranteel REPORT OF THE TRUSTEES The Trustees are pleased lo p￿sent their annual report together wth the financial statements of Zurich Community Trust for the year ending 31 December 2023. This ￿port and financial statements are also p￿pared to meet the requirements for an annual report and ffinancial slalements for Companies Act purposes. The reference and adminL%trat￿n detsils f￿1 part ofthe Trustees Report on pages 1 and 2. The financaal statemenls comply the Charities Act 2011. the Companies Acl 2006. the Arttcbs of Assoualion. and ACc￿ntIng and Rep￿Ing by Charib"es." Stslement of Recommended Practice applicable to charities preparing their finan￿al slatement5 in accordance ¥wth the Financial Repo￿ng Standard applicable in the UK an(J Republic of Ireland IFRS 1021. Zurich Community Trust has not prepared a strategic rep￿1 as it has tsken advantage ofthe exemption in this respect available for small rJ)mpanies (as defined in Section 381 of the Companies Art 20061. Chairfs report (from the Chair of the Trustees, Steve Collin50n) 2023 saw Zurich Community Trust celebrale ils 501h anniversary. It was ￿ 31 December 1973 that Hambro Life Charitable Trust. what is now known as Zurich Community Trust. was incepted - the idea of Lord Jog1 Joffe. a remarkable man who dedicated hts life to the cause of justice and helping others. Since ils inceplKJn ZCT has provtded £1(M) million of supwrt lo charities Ihe length and lyeadth of the UK and oversea5. The need for the serv*ces of the UK charitable sector is as great now as it has ever been throughout the past SO years and within ZCT. we are incredibly proud to sland ak)ngside the charities WÈ partner wth to supp￿1 those in need of th&r seNces. Zurich Cornmunity Trust provided in excess of £2.5 millNJn of suP￿rt to charities across the UK in 2023, th the majority of ihe spentj twl not exclusively so. lo the three natK)nal p8rtners and 55 local partners that were 5eleclei3 in 2022 as well as the partnership Teath First. In addition to the planneé second year paymeni as part of in￿"al tsvo-year partnerships wlh the three national partners and 55 local partners. Ihe Truslees decKJed lo disinvest £250.000 from reserves to fijrther support our partners in 2023 as they helped those they support against a backdrop of the cost of living crisis affecling Ihe UK. As such, the expenditure of Zurich Comrtxjnity Trusl consci￿SlY exceeded its income in 2023 as it continued to 'spend down. £1.5 million that had been accrued by the end of 2019 for a polential new 'Strategi¢ Funding Programme, that the Tnjstees deckled in February 2020 not to proceed with. In addition to the cash donations made. ZCT continued lo develop its "More Than Monel, package ol support that is available to its aforementioned charity partnets_ A% part of this 'hA￿e Than Mr)ney° offering ZCT was able to make a range of apprenb"ceships available to our charty pat1ners, (xjurtesy of the 'apprenticeship levy. p8id by Zurich UK. Feedback fvom our charity partners to the overall package of suprx)rt made available to them has been very positive and throughout 2024 ZCT wll locA( lo develop and promote this even further. 2023 was also the year when we saw volunteering bounce bath very strongly. The response from Zurich UK employees lo our bi-annual 'Challenge' programme launch %WdS very well received with in excess of 360 projects completed acmss the UK. The response to educat￿￿n-baSed volunteering opportunities was also very ￿11 receiv8d by Zurich UK empksyees. principalty IhrcAuh ZCT's partnership with Teach First.

c)cuSpJn En¥eknp2 10.. 8A0024C2.F81D4401-892&55D46WA ZURICH COMMUNITY TRUST {UKI LIMITED {a Company limited by guarant¢•l REPORT OF THE TRUSTEES {CONTINUEDI Chairs Teport (continued) The Trustees woukj like lo draw attenlKJn to Zwich Cornmunity Trust's 2023 Impact Report und here that highlights the difference thal has been achieved through its charity partne¥ships in 2023 and through the volunteering activity the Zurich Community Tntst team has brokered with the employees of Zuri¢h UK. Al the beginning of 2023. the Zurich Community Trusl team wrjrked with colleagues from Zurich UK and Zurich's global foundal"on. Z Zurich Foundation, to make available to all Zurich UK employees ihe 'Benevity' platforrn. By the end of 2023. alrr¥)st40% of Zurich UK empkjyees had registered an account ilh Benevity. from where Zurich employees are able to set up fundraising pages and also searGh for and record volunteering hours. Due to the matching and in￿ntiveS made available by Z Zurich Foundabon through the Benevity pL4tfom). ZCT was ab￿ to benefft from in excess of £80,000 from this new pl3rf0rn1 in 2023. It is anti¢ipaled that this new in(une stream for ZCT ￿11 grow further in 2024 and beyond. In May 2023. Steve Grimmett informed Truslees that he woukl be stepping down as Head of Zurich Community Trust on 30 Awrl 2024 after 24 years worf(ing for ZCT. wth whal will by then be five years leading the leam. The Trustees are thankfvl to Stevè for pmvhfjing 11 months, notice of his intenlion to leave which enabled the Board of Tfustees to undertake a thorough recruitrnenl search leading to the appointment of Laurie Deans as Head of Zurich Community Trust with effect from 1 March 2024. The Board of Trustees would like to thank Steve Grimmett for his long Servi￿ and for restruduring and refocusing ZCT since he took over leading the leam. Our purposes and activities Zurich Community Trust is a public benefft entity therefore the Trustees of ZCT C￿nSider all Charity Commission guidance on public benefft_ ZCT has been a contribulor to the Fundrdising Regulator wa its voluntary levy since the Regulatorfs inception and continues to do so. Fundraising from both Zurich UK eMp￿yeeS ar￿ the wder community is undertaken by ZCT to part fund its grant making programmes. Zurich Community TI￿st ensures that il is aware of the latest Code of Fundrai￿ng Practice and adheres to its suggested behaviours and standards in all its lundraising. Zurich Community Trust also has a Comp18ints Polry that cèn be found the fr￿1 page of the ZCT'S website Whe￿ the complainant is also 8ble to download a complaints fom). The Board is re¥k)nsible for setting the Strateg￿ direction of the charity. It delegates cÈrtain responsibilities to Ihe Zurich Community Tnjst Trust ExerJJlive'. A significant focus of the Yrust ExecutNe" throughout 2023 has been on three workstreams - "Employee Engagemenf.. "Data" and "Diversily. Equity & Inclusion" wknere memtsers of the YnJstExecutNe° have worked alongsJe members of the ZCT team on various initialives. Zurich UK employees are also invow in the decison making of Zurich Community Trust's charity partners both locally and nationally. Thr(wghout 2022. the board prowded a framework for de¢iding on the new Charity partners, whi¢* saw Zurich UK empk)yees making the decision on the three new national charity partners ar￿ the 55 new local Charity partner5 inhlrally incepted lor two years with year- Iwo payments rnade through¢JJt 2023. Zurith Community Trust is not affiliated with any umbrella groups and part of any wder netsvork and operates independently. ZCT'S major donor is the Zurich UK business and as such has a very dose working relationship the employees ofzurich UK. Zurich Community Trust also has a close working relationship wlh the Zurich (>oup's charitsble foundation. "Z Zurich Foundation".

Erweknpe io". a￿D24C2BI￿4o1￿g2￿￿fjD46oA3A ZURICH COMMUNrrY TRUST (UK) LIMITED {# Company limited by guarantee) REPORT OF THE TRUSTEES ICONTINUEDI Our purposes and activities l¢ontinued) Zurich Community Trust fijlfils its rk4edive thrcAJgh'. dtsrity partnerships both at a thal KI nalbjnal ￿Ve1 across the UK encompassing a pa¢*age of both ffin8n¢ial and non-finan(aal support- and an e￿￿loYee volunteering and fundraising prcoramme errfJaging the employees of Zurich UK. Zurich Community Trust manages all expenéiture associated wrth all programme5. As well as making charitsble grants. a significant amount of zcfs Staff time is r￿mmItted lo the rJJmmunity through working in partnership wilh tharity partners and by brokering the volunteering needs of the voluntary sector wth time and skills availabk from emptoyees within the Zufi¢h busines5. Allocation of resourcÈs: 2023 91% 8% 1% 2022 91% Charitabl• activities Raising fund$ Other 1% Zurich Comrnunty Trust generates wu)me from a rarKJe ofactivities.. an annual donation from the Zuiith UK buS1r￿SseS as part of an agreed fijnding Irack., regular voluntary donations through payrc41 gimng from Zurich UK employees.. operating a monthty society lottery.. Zurich UK employee fundiaising aclivity such as raffles. sweepstakes" and larger scale ijndraising events such as abseiLs. London Marathon. Great South Run. in¢ome from Z Zurich Foundation through a matching prtyJramme via the Benevity 'My Impact, plarforn Zurich Communiiy Trust's Audil. Finance arKI Rbsk Committee receives quarterty management inf¢xmation which includes information on fundraisng incorrE and expenditure to rnonitor against plan. The TnJslees have a wntinuing f(Kus to ensure that the tatio of resources applied 10 9enerating income ts appropriate forZCT. Focus of ¢haritsbl• activity spend: 2023 87% io% 2022 86% 11% Employee Involvèmènt programmès Volunteerlng Lon temi Stratè ic Programmes Employee Involvement Programme In 2022. Zurich Communty Trust selected three new national charity partners and 55 new bcal charity partners amongst its work as wefi as investing in a packnge of additional support available to its chartty partneis and in its volunteering progrdmme. Throughout 2023. ZCT coniinued to develop these partnetships with year-lwo payments made. This amounted to a spend of £3,119,000 12022". £2,813.0001 across grants arKI ZCT support Costs (exclLxling volunteer supp￿1 costs and long-lerm strategic programmesl.

Docusin Envekipe 10.. 8ADo24C2￿lC￿ol4928-S50I60￿1￿ ZURICH COMMUNITY TRUST {UKI LIMITEO (a Company limited by guarantee REPORT OF THE TRUSTEES {CONTINUED) Our purposes and activitles (continued) Volunteering Zurich UK also prowdes three days paid leave for all employees tpro rata part-timel to enable employees to volunleer in the commmity and become involved in organising and managing fundraising events and volunteering s¢hemes. The breakdown of spend on the Employee Involvement Programme: 2023 2022 Local Grants and Partnerships National Partners Employee Nominated Grants Volunt¢ering Support Costs Other Support Costs 34% 26% 6qA 11% 2PA 2•A 10% 21% 23% In 2023 ZCT saw an increased spend on local grdnts 8nd partnerships through an introduction of the Sustainability Fund {£100,￿0) as well as the one•off grants1£85.00018warded to support tJ)arities during the cost-of-living cri%is. Employee nominated grants dropped due to 8 5hrft from employee matching by ZCT lo the 8ddi¢ional income from-my Impact. platform through Z Zurrch Foundation. National and Lo¢al grant programmes The social issues supported thmugh the Employee Invofvement Pr￿jraMmeS were: 2023 2022 Dementia Vulnerable {young1 Mental Health Homelessness Food Povety EducAth"on Domesti¢ Abuse Physical DisabiltylLeaming DifficJJtties Older People Young People End of life Care and Bere8vemenl supwt BAME 23Yo 15% 11% 11% 18% 10% 12% 9¢ 5% 5% 5% 5% 20 2% Bereavement Health 2Q Immigration Economic Disadvantage Cornmunity Developrnenl l i The main movement in the table above is due to a rectassffication for 2023 grants of a number of grants from Food Povety and Mental Health inlo Vulnerable {youngl, predominantly that of hAagic Breakfast ané Bamados.

DoJJS¥Jn Envdope ID.. 8ADD24C2-F8104401.W2&550460A3AX ZURICH COMMUNITY TRUST (UK) LIMITED la Company limlled by guarantee) REPORT OF THE TRUSTEES ICONTINUEDI Our purposes and actfvities {contlnued) Natlonal and Local grant programmes {¢ofttinuedl Throughout 2023, ZCT continued lo develop the partnerships that commenced in 2022 indLF(Sing the development and promotion of rts non-financial package of support offering national and local charity partners access lo a wpje range of offerings incknding paid-for training courses, webinar5, and memberships. In additson lo the suFport outlined above. the 2CT team 81s0 locused on the year payments throughout 2023 for ea¢h ol the three national partners and 55 I￿al partners with the process prior to the releasing of any payment condth.onal upon re￿pt of irw suNeys and anatysis of the charrties, most recent Report and Accounts. The local and natifMal tharity partners of Zuri¢h Community Trust abo benefrtted from additional 10°A one off payment, made to all of them in the first quarter of 2023, to support them in the face of rising costs due to high levels of infiats.on and the UK cOst￿f-11V1n9 crisis. In addition to ihis payment. the Trustees also agreed an addibonal, one-off fvnd of £100.000 of which £85.000 was granted to help chanty parkners that were experienang particularty high demands on their services or facing other signfficani challenges due to the costof-IMng crisis. In all. 11 charity partners benefitted from this fund. The average grant was arca £7.727 with the majority of the funding going to charitses dealing wilh food wverty. [￿ty, and homelessness. Three examples were.. Cheltenham Open Door, suppjrting homeless people. re￿iVed £7.727 to help support the growing number of visitors io their charity. The nurnber of people needing their support grew from around 30 10 80 each day. Flourishing Families in Leeds received £10,(Th) lthbch SUPF#yled an addibonal 200-300 families in f￿d poverty in one of Ihe most disadvantaged areas in Leeds. Breakfast Plus, who suppcrt those experiencing food poverty in Swindon. received £5.000. This helped support an inuease in demand due to growing number of people using Iheir service. 2023 also saw the L4unch ofzurich Community Trusvs first'sustainability Fund. for use by ZCT'S charity partners. In addition to the suc￿Ssful launth of the new £I00.000 fund. ZCT also launched the 'Diversity. EqLJity, Inclusion, Belonging IDE181 & Sustainability. Ne￿orf( (wth 38 chanty partners signed up by the end of 20231, the DEIB Toolkit and DEIB Audits. The DEIB Audits offer an opportunity for ZCT partners lo ijiscuss Iheir DEIB strategy with the ZCT team and establish whether they would benefit from some additional support. in the forni of a 'Skill-share' or aoditional training. to help further their strategy. Within six months of the offiL?al laun0 the £1(￿1.000 from the Sustainabilty Fund had been spent with further funding available in eaTty 2024. Zurich Conwnunity Trust continued lo listen to the needs of its tharity partner5 throughoLrt 2023 through what is known as the ZCT 'Advisory Group., comprising 26 charriy partners. These 'Advisory Group. meetings Ihal took place quarterly are instnjmental in the continued evolution of the package of non- financi81 support loften refeThed lo as ZCT'S 'More Than Money. approathl. At the start of the year, the Adwsory Group CoMp￿ted a whiteboard exerLase to consider what they saw as their top challenges. This highlrghted three key areas on whbch to focus our support.. Retention & Recruilment, Training & Development and Fundraising. The Wellbeing webinarswere also menthjned as a benefit in the wevK)us year. as many tharities ststed they strUgg￿d to justfy spending donor money in this area for employees and volunteers.

Dxvsiw Env8lopa ID". 8ADD24C2.F81N401.w2￿D4$OA3A ZURICH COMMUNITY TRUST lu￿ LIMITED {a Company limited by guarantee) REPORT OF THE TRUSTEES {CONTINUED) Our purposes and a¢tfvi¢ies (¢onllnuedl New approaches to a￿sS fun(leil approntice5hips through Zurith UK's'Apprenliceship Levy.. sector specific CQLwse5 and the online ￿aming portals were L8unched to provide more choice and flexibility. The apprentrceship appn)a¢h has ￿sUFted rn 24 apprenticeships stsrting in 2023, varying levels between Level 3 arKI Level 7. A new Nathjnal Council of Voluntary Organisations training course offering is being piloted until March 2024 after launching in mid-september 2023. The new Zurich Community Tnjst 'Charity Partner Hub. was developed in late 2023. containing all the 'More Than Money, support offerings with a f(Al wt to all ch￿tY partners planned for May 2024. .1 cannot undereslimate how Iransfom?ative the partnership has been. It goes way beyond he grant funding- access lo training. impact surveys. govemance reviews. pprenliceships, volunteering. Utterly Iransfonnational. l am quite evangelical al)out our artnership- it is certainly the most all*ncompassing I have come across in the past ecade. From 8 very grateful and humble heart- thank you". Silverline MeMor￿s, Newcastle National Partnerships [voted for by Zurich UK employees] Our three Nalional Partnerships. votay for by Zurich employees officialty stsrted on l July 2022. each re￿Iving £150.000 per annum for two ye8rs. Following the first annual review in July 2023, they have received their second payment plus a ore-off payment of £15.￿o{lO%) to proV￿e extra support for the increasing cost of U"Mng during the year. 8amardo's Zurich Community Trust's funding of £150.oc￿ per year for two years will suppcKI the continuatson and development of the Bamardo's Education Community {BECI. The Barnardo's Education Community IBECI leam continued to expand lis existing portfolio of resovrces to support children and youno people's mental health needs. Additional resources included Racial Trauma articles. Representation Matters in PositNe Mentsl Heath. Workshops, Podcasts, a Wakelet digital CuratIL￿ platfomi, Training. Spaces for Welll)eing sessions. Refiective spaces for Therapeulic PractilKJners, Invisibk Backpack. Some materials have also been translated into Welsh. Ne￿rkIng to raise awareness of the BEC has become nmxe of a focus and Ihe team have presente at several educator's events. Since the launch of the BEC. there has been 85.634 visits to Ihe site. During 2023. the BEC provided 1531 training opportunittes for educators, through live training. pre-recorded trainiThJ. CPD accredited courses and KKMJcasts. The BEC team has delivered 25 INe training sessions to 448 particapants and the BEC podcast series has been accessed by 173 listeners during this period.

DocuSKJn Envdope ILtr. 8ADD24C2¢81D4401-W2￿DI6aA3A ZURICH COMMUNITY TRUST (UK) LIMITED {a Company limiteil by warantee) REPORT OF THE TRUSTEES ICONTINUEDI Our purposes and activiiies {conlinu¢d D¢m•ntia UK In June 2022. Zurich Communty Trust was pleased to announce the continuats.on of our partnership with Oemenlia UK. Dementia UK have wntinued lo grow their Virlual Clirllcs Service. which ZCT has part funded. ZCT have funded two full time equivalent nurses r15 hours perweekl for this service as well as costs towards the management of their booking system. Virtual clinic appoinlments have increased from 60 to 90 per week and Dementia UK look the decision lo merge their Helpline and Virtual Clini¢ Teams in the summer to reduce vulnerabilty and share workloads more equally. In 2023 there were 3.240 appointments made through the wrtual clinics which were covered by the two Admiral Nurses that ZCT have funded {75 hours per weekl. One of Dementia UK'S Admiral Nurses delivered an employee wets.nar for Zurith UK employees raising awareness of dementia and their servu. Following Dementia UK'S interest in Mental Heatth First Train1r￿. we arranged for a trained Mental Health First Aider in Zurich lo deliver a N¥o4ay training Course to 16 Dementia UK employees whilst ZCT covered the cost of rnaterials. Magic Breakfast Zurich Community Tnjst W8s also p￿ased to c￿ltinUe to suppon Magic Breakfast In 2023 after they were added as a new Nati￿al Partnw in 2022. Zurlch Communty Tnjsl's funding of £150.0(KJ w year for two years went towards the promsion of breakfast in 15 primary and secondary schools across the UK. The funding also went towards running costs and allvocacy work lo work towards long term thange regarding sthool breakfast provision. In 2023. Magic B￿akfast provrded 469,057 b￿akfasts lo the 15 schools that ZCT supports. ￿th 2,381 children being directly reached. M8gi¢ b￿akfast Saw their cA)sts go up by 19% thr(whout 2023 due to food and fvel prus increasing, whilst at the same time demand for seNices also incwsed. To manage this, Magic Breakfast transfomied Iheir serV￿eS by weasing school membership fees. reviewing. and redwng the schix)& they support to ensure they aligned wrth SUPF(Jrting schools with the greatest need and limited the order of some breakfast products. Advocacy work towards the case for d)ange continued a￿1 ZCT was p￿aSed to brcA(er skills SLJPPOrt from the Zurich Actuarial Team to support Magic Breakfast wth the creation of a dynamic spreadsheet lo ¢alcu18te 8coJrate et>sb"ngs f(Y tendets in the luture. ZCT have also been working Zurich UK Head of Workplace Services to launch a 'Donate a Magic Breakts$l' inftiative in February 2023 to match donations by 50% made at Ihe cafe tills in Zurich's offices in Whiteley, London, and Swndan_

LbcuS¥n Enveknp ID.. 8ADD24C2.F81D44o1-892￿o460AJA ZURICH COMMUNITY TRUST {UKI LIMITED (a Company limited by guarantee) REPORT OF THE TRUSTEES {CONTINUED) Our purposes and activities Icontinuedl Other partnerships on a national level Tea¢h First In Septernber 2023 an extension proposal was submitted to Zurich Community Trust's Board of rruslees for zcfs partnership with Teach First and a furlher tsvo years vrds ag￿ed, providing funding of£200.000 perannum. A new volunleeiing tsrget for this extension has been set at of employees engaged pèr year. ZCTS partnership with Teach First wll n(M end in Marth 2026. During the aCadern￿ year 202212023. a totsl of 50 edu￿rI0n rnitr8tNes (against a target of 201 have taken Pla￿ in 10 locations 8en)ss the UK. These initialives have resulted in 1910 pupils d1￿ctlY re8¢hed through these initiatives and 3500 pupils indirectly reathd where 28 Zurid) employees have been matched with teachers to FKowde coaching during the year. Overall. Year 10 was the most common year to part￿Ipate in the workshops wth interview skills being the most popular. The financial literacy workshop had Ihe highesl satisfaclion S￿re with 83% saying the session was good or very good. arKI the CV skilLs ￿hop saw 44.6°A of students bein9 more interested in a career in insurance. A further 50 teachers joined the Teach First training prcgramme, because of Zurich Community Trust's funding in 2023. Alzhelmerfs Society As per the five-year strategy agrwj by the Board of Trustees in March 2020. Zurich Communty Trust Continued to support Ihe"Insurance Day for Dementia- in November 2023. part of Ihe'lnsurance United Against Dementia" movement frorn the Akheimerfs Society. 11 was agreed that Zurieh Community Tnjsfs £100.￿0 d￿alKIn in 2023 would be used as an ineentive to match-fund donations to the Insurance Day for Dementia made by others across the insurance iThJuslry. The event on 30 November 2023 was the most successfvl fundraising day thus far raising in excess of £200,000 with our funding leveraging engagement and donations from companies who have not taken part before. Superhero Series Folbwing the decision of Ihe Zurich Community Trust's Truslees in February 2023 to continue supporting the "Superhero Series" for a further year, ZCT were delighted Ihat twelve charities agreed to take part in these yea￿S &Jperhero Senès. events. 1. Ambitious About Aubsm 2. Growing Zone & Oakfield SEN Schod (sharing 26 place51 3. Liitle Hiccups 4. Chailey Hertsge 5. Hopewell 6. Keen London 7. Open Door 8. Swindon Downs Syndrome 9. KIDS 10. Swndon BATS (also did 8 demonstration of visually impaired trf)wlingl 11. Sussex Sailability 12. Blind 10

ZURICH COMMUNITY TRUST (UK) LIMITED {a Company limited by guarantee) REPORT OF THE TRUSTEES (CONTINUED) Our purposes and activities {¢ontinued) While Zurich Community Trust was able lo support some of tharity partners in attending the Ibve events leilher by providing a coach or Teimbutsing petrol costs for minlbuseslca￿l, some charities were not able lo attend due lo geography andlor gwen the needs and (Jisabililies of their servirE users. Instead. they cyted to take part via the Superhero Series 'At Home. events. Achievements and rfornian zcrs grant making and volunteer proJrammes in.the UK during 2023 helped 'to improve the lives of people during limes of vuln8rabilrtf. In 2020, thè Trustees agreed that this MissiC￿ Statement would bè delivered by -ImproMng lives by supporting welbeing and indusion inibatives" and"BuikJing more Tesi1Tr8nt and sustsinable ¢ommunities" and this was very much still Ihe focus throughout 2023. This approach improved the alignrnenl with the sustainability framework ofour main donor. Zurich UK t(*Jetherwth the aims of the Zzurich Foundath)n, whilst continuing lo fwjs on delivering wblic benefit. Zurich Community Trust undertakes an anThJal planning exercise wth the ZCT team and the ZCT'Trusl Executive, that is signed off by the Trustees. These plans involve both numerical targets and iargets relating to the impact of the progommes operaled by ZCT. s highlighted in the report from Ihe Chair of Trustees. a ￿nsiderable ftKus of 2023 was on the continued development of the three national aNI 55 k>¢al chaiity partners dK)sen by Zurich employees in 2022. Zurich Community Trust measures the impact of its funding wgrammes through annual feedback from its charity partners, both ILKally and nationally. As a signifjcant part of ZCT'5 partnership approach is focused on the non4inancial support Ihat is offered in addth.on to cash grants, the feedback seeks to obtain a holistic view on the whole partnership, whilst clearly alkjw.ng for specffic feedback on separate elements within Ihal. For all mulli-year funding partnership5. a condib.on of frjture years funding is the receipt of a satisfactory Trmpacuprogress report. In additson lo Zurich Community Trust's grant making. a wTrde range of volunleering activity is brokered. This also seeks lo further the aim of helyng to improve the lives ol people duriTh3 times of vulnerability. whether thrs is through the donation of time or skills. As mentioned above wilh the grants. feedback is soKJght from the organisalion wh) an individual has volunteered with to understand the impact athieved and ￿eMC￿5trate the fuffilment of 2CT's aims and obj'ecbves. Fundraisi Zurich Communty Trust does not engage professional fundraisers. ZCT raises funds ffom the Zurich UK business, its employees, key supplier emptyees and through Z Zurich Foundation matching through the Benevity'hAy Impact. platfom) Fundraising from members of the public is limited and rnainly occurs through sponsorship donations employees may seek when they are takw)9 part in fundraisng events, most of which flows tt)rough online giving sites. On occasion extemal friends and famity members of employees a￿ engaged in key fundraising events. ILY exampSe the London Marathon rf places are not fulfilled from Zurith UK employees alone. Zurich Communty Tnjst is a funded and compliant member of the Fundrnising Regulator. During 2023 the Charity received no ￿MPlaInts on its fvndraigng praCt￿eS.

Ch)cuS¥n Envdope 10.. 8ADD24C2$81D4401492WD460A3A508 ZURICH COMMUNITY TRUST (UK) LIMITED (a Company Ilmlted by guaranloe) REPORT OF THE TRUSTEES ICONTINUED Our purposes and a¢tivibe$ l¢ontinuedl The key focus areas for 2023 were= to spend £2.700.000 in respect of our 2023 planned activity. including the promsion of an additional 1 Ovo granted to each of ZCT'S national and local partners as w811 as the uealion of a £100.000 'Emergency FurKI' and a £100,000 'Sustainability Fund.. to continue to develop the partnerships wth the Ihree national partners arbd 55 local partners. to increase the number of dayslhours volunteered through ZCT brokerage from the 15.257 hou brokeretj in 2022. to faulrtate mcwe employees getting invO￿ed in Swnmer and Festive 'Challenge' through larger projects. to maintain the kvel of engagement with our education Fwrammes. prirnarily through the natK)nal partnership wth Teach F¢rst. to raise £85 wr head lof Zurith UK empkjyee basel thmugh more geographically diverse fundraising events. indusive of income received thiough the Benevity 'My Impaci, platform. lo continue to develop a non-finanual package of support lo Complement the cash grants given to the Zurich Community Trusl's charilable partners. During 2023, 8 totsl of £3.575.(KKJ (2022.. 3.265,0￿) was spenl in grdnts, volunteering and supt)ort, the vast majority of which was grants supporting chartty partnerships. Overall Zurich Communrty Trust brokered 18.918 houts of vdunteering12022.. 15.527 hours) thrtxjghout 2023. This was a pleasing 24% increase on 2022. More can be found in Zurich Communty Tnjst's 2023 Impact Report ndhe Throughout 2023. the Trustees have agreed a new impact framework for Zurich Community Trust thal will measure the impact of its programmes in three areas.. charitylbenefiaaries, tzurich UK] employees and sustsinabiltty. diversity. equity, indusion and belonging. The Zurich Community Trust te?rn will develop the processes to measure impacl in these areas in 2024 full reportirrfJ using this framework available for 2025. Income from donatlons and legaciès In addition lo the £2,649.000 donation from Zurth (2022." £2,649.(KK)l and £211,000 of donated services {2022.. £172.0￿). £217,00012022.. £328.0001 was donated via Zurich UK employees. In addilion ZCT saw an increase in income from Charitable Activrties (Staff fvndraisingl to £233.000 12022.. £111,CK)01. through enhanced mapping (mowng in<x)me from donations t¢J charitsble activities) as well as irKre8sed In￿ from Benwty platfomi through matching of bJndraising. In 2023 thisw8s achieved through regulargiving and various lundrdistng actiwtie5 as shown in the t8ble below. Analysis of income.. IncDme exduding the donalion from Zurich UK twsinesses and donated seNices Is set out below." 2023 2022 Regular Giving Runs & Cycle Rides Charity Lottery Staff fundraising Other 47% 13% 12% 21% 54% 13% 11% 20% 12

Envek)pe 10.. 8ADo24C2￿8lD41o1.892&SSD46oA3A ZURICH COMMUNITY TRUST (UK) LIMrrED (a Company limited by guarantee) REPORT OF THE TRUSTEES (CONTINUED) Our purposes and activities {¢ontinuedl Investment powers, policy. and perf0m￿nCe Zurich Community Trust seeks to maximise the s￿181 benefrial impact of the wial inveslmenls it holds through investments that deliver a posits.ve soual impact and a financial retum. Since 2015, Zurich Communty Trust has held unrestricled reserves in Columbia Threadneedle's "UK Socjal 8ond Fund". Since rts launch in 2013, the Fund has been invested to add￿sS the main areas of social need where sooal exdush)n is particularfy ewdent. This fund ts invested in the followiThJ social outCOTTies: Affordable Housing & Propety. Community Serwces. E￿l￿tiOn, Leaming 8 Skills. Employment & Training. Financial Inclusion. Heatth & Social Care. Transport & Communications Infraslructure and Utilities & the environment. In November 2022. the Trustees agreed to di%invest £250.(￿ fr¢>m tts overall hokliNJ in Ihis Fund to provide fiJrther support to Zurith Community Tnjsts national and local partners throughout 2023. This disinvestmenl took place in November 2023 and saw the overall value of the investment dec￿ase as a resutt. The Bond has ¢JelIVe￿ an annualised fir￿￿al retum of 7.28% (2022= _10.9%1 and the value of the investment dee￿ased btheen December 2022 ancl December 2023 by 5.620A12022.' 1V/o defxe8sel. Throughout 2024, the Trustees will discuss whets*r investing its unrestricted reserve5 in this Fund is still the most suitabte place for the Zurich Community Trust, noting its "Inveskntnts and Resernes P￿IC 13

th)cuSon Envebpe 10. 8AD024c2.F81￿40I.￿8-5Slj46(I￿5 ZURICH COMMUNiff TRUST {UKI LIMITED (a Company llmitèd by guarantee} REPORT OF THE TRUSTEES {CONTINUED) Financial Review Unrestricted funds are needed to enable the Zurich Communty Tnjst to ¢>)ver its ¢Lve funding to manage ils eommilmenls and longer-term prcgrammes Sh￿1￿ the (JJTrent funding arrangement with the UK Zurich businesses change or cease. Restricted funds can only be expended in accordance Spec1￿ restrickn'ons. arising eilher by the wishes of the don￿ or by the nature of the aptal. The position of reserves in relation to the agreed policy 15 regulaty rewewed by the Head of Zurich Community Trust and Ihe Chairofzurich Community Trust and ZCT's"Investsnenl and Reserves Policl. was reviewed by the Board of Trustees on 21 February 2024. At the erwj of 2023 the level of reserves were in line with the policy. During the year zcfs general funds increased from £1,176.000 10 £3.423.IN)O as a result of the ini1181 vo-year partnerships wrth the 3 National and 55 Local Partners coming to an end in the second half of 2023. In 2024 ZCT enters 8 new three-year furKling cyde. agreed in mid-2023, and decisions will bethave subsequently been made by Trustees at the trJard in February and May 2024 on future commiiments. This includes the deasion made by trustees in February 2024 to e￿end the 3 National and now 56 Local Partners for a further 2 years of funding in 2024 and 2025. Restricted funds for 2023 is £7.tX)0 (2022.. £7.000). Designate¢J fund5 indude fvnds sel aside fN the support of various multi-year partnerships projeds. Designated funds have Oecreased frorn £3,045.000 to £395.000 refleCt￿g the end of the initial two-year partnerships Ihat were incepted throughoul 2022 with three national cha￿tY partners and 55 ￿¢al charity partners and the uJ)tinuation of Te8ch First partnership into 2024 arHJ 2025 as well as 8 number of smaller grants. Going con¢em The Trustees are Satisfied that Zurich Community Trust can continue to use the going concern basis in preparing the financial statements. In makin9 this assessment the TnJslees have C￿nsidered Ihe projected rash flows of ZCT which show ZCT has suffiuent resources for 12 months from the dato of approval of these fin￿1)81 stalemenls. Independent auditor The auéitor. Emst & Young LLP I'EY'I, have indicated their willn9￿sS lo ￿ntinue in office. Structure. governance and management Recrultlng and training Trustees The current Artides support a minimum of fve Trustees. of ￿lch at kasl hvo must be independent from the Zurith business. At the end of 2023 there were six a¢tNe Trustees wth pending Va￿ncle$. 14

DDcuSi9ft EnV8kn￿ ID-. 8ADD?4C2￿81LH4014￿￿SsD46OA3A ZiIRICH COMMUNrrY TRUST (UK) LIMITED la Company limited by guarantee) REPORT OF THE TRUSTEES {CONTINUEDI structu￿. govemance and management (continued) The Tru51ees who work for Zurich are selected based on their ability to be effective Trustees and to provide the required level of influence within Zurith to enable ZCT to achieve its objectives. All Trustee app¢intments are proposed and approved by Ihe Board of Trustees. The induction and training of Trustees 15 led by the Chair and the Head of Zurich Community Twsl and based on the Charity Commission's core guidance for Ifuslees." The essenb.al Iruslee.. what you need lo kn<)w and what you need lo do ICC3]. On appointment each Trustee is requtred lo read and sign a Code of Condud. In addilion, Trustees who ère e￿er￿al to Zurich receive a speofic indu¢tion session about the Zurith business to beller understand the key slakeholder and donor population of ZCT. The Trustees re￿1ve any relevant updates and guidance on their role as Trustees of Zurich Community Trust. The effecaiveness of the current ZCT Board is reviewed by the Chair in consultation wththe Twstees. Organisalional structure Whilst Zurich Community Trust is linked to Zurich. Ihe Board of Trustees operate independently in Ihe best interests of ZCT. The Board of Trustees is supported. via documents of delegation which indudes the Board Charter and respective Committees 'Temis of Reference. and by delegations lo the Head of Zijfjch CommunityTrust and the Zurich Community frust (UK) Ltmited Trust ExeGutive' Commrttee. The fomier has delegated responsibilib.es for the day-t041ay running of ZCT and the latter has key delegated sponsibilities for oversight of 0￿ratIOnal matters.ln all eases there are agreeé guidelines for approv81 by Zurich Community Tnjst's Board of Trustees and once 8 year there is 8 joint meeting of the ZCT Board of Trustees and the ZCT'Twst Execulive. commmee to agree p18ns and tsTgets for Ihe year. There is also a separate Remuneration Commrttee I"RC"I wh￿h consists of four Trustees bwthat least one Trustee independent from Zurith. The RC is chaired by Amy Dunster. Other members of Ihe RC are Steve Collinson. Tim Culling and Wayne Myslik. There Is also a separate Audrt, Finance and Risk Committee u)nsisb"ng of three Trustees induding at leastone independent from Zurich. The Trustees delegate oversight of the e￿eMaI audit to this committee. Currerrtty, this committee is thaireil by Richard Peden and includes Tim Culling and Wayne Myslik and is 8lsojoined by Rithard Gaskell. a memberofthe Zurith Community Trusl'Trust Execulive. committee. Risk management and Principal risk$ and uncertainties Zurich Community Trust has a slrong risk management and goveman¢e framewo￿ in place. ZCT is exposed to business and financial risk through its finanoal assets and finanaal liabilibes. The speofic finanaal risks are limited to liquklity risk and credit rsk. Business risk The Trustees recognise, monitor. and regularty discuss the ujrrent macro-economic climale and its impacts on both the ZCT and the reupienls of the ZCT'S work. as well as understanding the ongoing pressures on charib.es brought about by the c0st￿-￿￿ng crisis throughout the UK. As a result. the Trustees believe that ZCT is well positioned to support the needs of the c￿9a￿￿￿(￿S it partners with from both a financial and a non-finanual package of suprx)rt standpoint. Other business risks include- reliance on Zurich UK Operal￿nS for supw1 in IT. HR, Fa¢ilitie5 and Finance. a safeguarding issue arising in a charity that Zurich Communty Trust has funded", or vobjnteering actmty brokered by Zurich Community Trust triggering a safeguarding issue. 15

Dowsgn Envel¢pe ID.. 8A0O24c2￿81D4401￿8-s5￿l6OA3 ZURICH COMMUNITY TRUST {UKI LIMITED (a Company limited by guarantee) REPORT OF THE TRUSTEES (CONTINUED) Stfucture, govemance and management {continued As a funder of other organisations. the Charity Commission have placed a reswnsibility on ZCT to undertake due diligence on organisatsons it funds to check ils safeguarding policies and practs'ces are Compliant. There is a risk ZCT coukl be invofved in finanually SUPkiorty"ng an OTganisats"on where there 15 a safeguarding breach wth the potenb.al corwuenl reputab.onal damage. Zurich Communty Trust's Tolal Risk Profile also (x)vers the potential risk relatirKJ to a safeguarding issue arising out of a volunteering actmly brokered by ZCT_ This could involve a Zurich UK employee being accused of a safeguarding In￿dent or the Zurich UK volunteer owld be exposed to a safeguarding incident at the organisation where they are wortting. Firsl and f￿emOSt exists the risk lo the person who may be ham)ed but also the rK)tenb"al consequent retArtalional damage. This risk is seen to be within appetite. LiquKlity risk Liqumgity risk Is the risk thal cash may not te availabfe to pay obligations when due at a reasonaLle cost due lo the potential loss of (Jonation income and engagement from Zurith due lo competing demands on employees, time and the nM)ve to homelagile wort(ing. Zurich Community Tnjst's finances are actively managed and monitored to ensure Ihat sufficient fun¢Js are available to meet liabilities as they fall due. The TnJstees are of the opinion that any liquidity risk that ZCT faces is mitigated. hence thi% risk is seen to be v￿h1n appelite. Credrf 17sk Credit risk is the risk that a counterparty will be unable to pay 8munts in fun when due. Zurich Community Trust's cash and receivables are actNely managed and monrtored. hen￿ this rtsk is seen to be within appeti￿ and viewed as low by the trustees. Pay and remuneration. Zurich Community Trust's Remuneration Committee has delegated authority to assess and agree the annual performance salary ranges forthose working in the ZCT team. This is reviewed every year using a combination of an extemal volunlary sector salary survey coupled with data shared wth ZCT from the Zurich UK'S Reward team for communty investment roles. Rdes are benchmartred to relevant dats aTh lo each other. The Remuneration Committee consists offour trustees, induding al lea51 one trustee independent from Zurich. The Committee is delegated to assess arKJ agree Ihe annual performance of ZCT and lo review the exlemal benchmarking of salaries an¢J performance bonus lo ensu￿ Ihal the ZCT teams, remunerats.on is in line with the policy and in the best inleresls of ZCT. An annual budgel for salary ￿￿eW is agreed by the Trustees considering market data. This budgel is used on an annual basis lo move people competent in their roles and delivering Su￿SSful perf￿nanCeS lowards the market mid-wnt on the relevant salary range. Zurich Community Twsl operates a perfom7ance related bonus scheme. independent from the Zurich business scheme. Ea¢h year the Trustees approve a series of delivery tsrgets that the ZCT team is measured against. The Remuneration Committee meets in February each year to decide how well the ZCT team has delivered against these largels lo detemiine if a perfOrrnan￿ ￿nuS should be paid and ifso. al what level. Individual performance is alsomeasLJred and combined with Ihe performance of ZCT when ¢Jetermining any individual Ferformance related bonuses. the running rA)sts ofZCT, including salary and tr￿n￿s. are fvnded from Ihe amual ¢Jonation from the Zurich UK business. 16

C#)cuSign Envek)w ID.. 8AD024C2.F8104401492WD46WA ZURICH COMMUNITY TRUST IUKI UMITED {a Company limited by guarantee) REPORT OF THE TRUSTEES {CONTINUEDI Statement of Trustees. responsibilities The followng statement sets Ihe responsibilities of the Trustees {%tho are also Directors of Zurich Community Trusl for the purposes of ¢ompany lawl in relation to the financial ststements of Zurich Community Twst. The Trustees are reswnsible for preparing the TnJstees' Rewt and finanrAal Statements in actordance with appIl￿ble law and regulations. Company law requires the Trustees to prepare financAal slatements for each financial year. Under that w the Trustees have elected to prepare the financial statements in accordance wifh Unite(J Kingdom Generally Accepted Accountsng Practice (United Kingdom Accounting StsnJards and applicable lawl. Under company law the Tnjstees must not approve the finanual siatements unless they are satisfied that they give a true and fair view of the state of affairs of ZCT and of the incoming resources and application of resources. induding the income and expenditure. of ZCT for that period. In prepartng these financial statements, the TnJstees are requi￿ to: select suitable accounting policies and then 8ppty them consistentty. observe the methcMJs and pnnapals in the Charities SORP. make judgments and estimates that are reasonable and prudent. state whether applicable UK Accounts"ng Stsndards have been followed, subje¢t to any material departu￿$ disck)se¢J and explained in the finanual statements-. and prepare the financial ststements on the going concem basis, Whe￿ there are no material uncertainties about Zurich Community Tnjst's ability to continue, unless il is inappropriate to p￿SUrne thal ZCT wll conb.nue to operate. The Tnjstees are responsible lor keeping adequate attounting recAJrds thal a￿ suffiaenl to show arKI explain zurith Community Trust's transath'ons arvj disdose wth Teasonable aceuracy at any ts.me the financial position of ZCT and enable them to ensure that Ihe financial 5talemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets ofZCTand hence for taking reasonable steps for the prevention and dete(￿0￿ of fraud andolher irregularib"es. So far as each Trustee is aware. there is ￿ relevant aLJit information ofwhich Zurich Community Trust's auditor is unaware. Eath Trustée has taken all the steps that they ought tr) have tsken as a Trustee to make thernselves aware ofany relevanl audit infonnation and lo establish thal Zurich Community Trusfs auditor is aware of that informati￿. The Trustees consider thatthey have pursL*d the actbJns necessary to megt their responsibilth'es as set out in this statement. On behalf of the Board of Trustees Trustee Name Steve col l i nson Dale 27 June 2024 17

DoJJSb3n Emfèw ID". 8ADD24C2.F81D44O1-892&55D460￿A508 ZURICH COMMUNITY TRUST {UK) LIMITED {a Company Ilmiled by guarantoel INOEPENDENT AUDITORS REPORT TO THE MEMBERS OF ZURICH COMMUNITY TRUST (UK) LIMITED Opinlon We have audited the finantial statements of Zurich Community Tnjst IUKI Lnnited I"Charitable Company") for the year ended 31 December 2023 wh￿h compnse Balance Shéet as ai 31 Dacember 2023- the statement of financial actmb.es (incorporating an income and expenditure slatementl. the statement of cash flows for the year then ended. and the related notes 1 to 22, including a summary of significant accounting poliaes. The finanual reporb.ng framework that has been applied in their preparation is applicable law and United Kingdom Accountsng Standards, induding FRS 102 'The Financial Reporb'ng Standard app￿Cable in the UK and Republic of IreLAnd". In our opinion. the financial statements= give a true and fair view of the Charitable C(xmpany's affairs as at 31 December 2023 and of its incoming resources and application of resoLtrces, induding its income and expenditure, for the year then ended.. have been propedy prepared in aCcordar￿e wth United Kingdom Generally Accepted A￿UnlIng Practice,. anty have been prepared in accordance vmth the requiremenls of the Companies Ad 2&)6. Basis lor opinion We wnducted our audit in accordan￿ Intunational Standards on Auditing (UK) IISAS {UKII and applicable law. Our responsibilities under those stsndards are further described in the Auditor's responsibilrties for the audit of the financial slatements SeCt￿n of our report. We are independent of the Charitable cofflpany in accordance with the ethical reqirrirements that a￿ relevant lo our audit of the rinancial slalements in the UK, InCI￿lIng the FRC'S Ethical Stsndard, and we have ￿￿illed our other ethKal responsibilities in accordance Wbth these requirements. We believe that the audit eviden￿ we have obtsineil is sufficient arKI appropriate to provide a basis for our opinion. Conclusions rela￿ng to going concem In auditir¥J the finanual stalemenls, we have conGluded thal the Truslee's use of the going concem basis of accounting in Ihe preparation of the financ481 statements is appropriate. Based on the work we have pwfomied. we have not identif*d any material uncertainlies relating lo events or conditions that, indimdually or collertivety, may ca51 $19nificanl doubt on the Chariiable Company's ability to continue 8s a going micem a period of twefve months from when the financial statements are authorised for issue_ ()Jr responsibilities and the responsibiltlies of the directots with respecl lo ooing concem are described in the relevant sertions of this rewrt. However. because ncl all fvture events or conditions can be predicted, this statement is not a guarantee as to the company's ability lo conb.nue as a going concem. Other infomati¢n The other information comprrses the infomialion induded in the annual rewt. other than the financial statements and our auditorfs report thefeon. The directors are responsible for the other information eontsined within the annual repxjrt. Our opinion on the finanual statements does not ￿)Ver the olher infomiation and, except lo the exient otherwise explicitly stated in this report, we do not express any form of assurance rA)nclusion thereon. 18

LkJcuSvJn Enve￿￿ ID.. 8ADD24C281WOI-8Wi8-S5tN16tii ZURICH COMMUNITY TRUST (UK) LIMITED la Company limited by guarantsel INDEPENDENT AUDITOR'S REPORT {CONTINUEDI Our responsitrility is to read the olher inftymation and. in doing so. consider whether the other information is materially inconsistent wth the financial statements or our kno%￿edge obtained in the Course of the audit or otherwise appeats lo be materially rnisststed. If we identify such malerial inconsistenaes or apparent material misstaternents. we aw required to detemiine whether this gives rise lo a material misstatement in the financial statements themselves. If. based on the work we have perfomed, we conclude th81 there is a material misstatement of the other infomation. we are required lo report thal fac. We have r￿hIng to report in this regard. Opinions on other matters prescrlbed by the Companies Act 2006 In our opinion. based on the work undertaken in the CLmJ￿e of the audit: the information given in the TrustÈe's repc￿t forthe financral yè8r for whFch the ffnanoal stalements are prepared is consistent wth the financial ststements", and Ihe Tnjstet's report have been prepared in aCC￿rdanCe with appli¢able al ￿quirements. Alatt•rs on which we are r•quired to report by exception In th$ light of the krKMledge and understanding of the company and its environment obtsined in the urse of Ihe audiL we have not identifd material misstalements in the Trustee's report. We have nothing to report in respect of the following matters in ￿13th)n to which the Companies Act 2006 requires us to report Io you tf. in our opinion.. adequate acLounting records have not been kept or relums adequate for our audit have not been received from branches not wsrted by us.. or the financial statements are not in agreement wth the acC￿n￿"n9 records and retums.. or certain discbsures of direcloT5' remunerats.on 5pecrfied by law are not made- or we have not received all the informats.on and expLAnations we require for our audit. Responsibilities of directors As explained more fully in the Trustee's responsibilitses staiement set OLrt on page 17, the Twslee's (who are the directors of the charitab￿ Company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied Ihat they give a true an¢J fair view. and for such internal contrd as the Trustee's determine is necèssary to enab￿ thé preparation of financial statements that are free from material misstatement. whether due to frdud or error. In preparing the finanaal statements. the Trustee are responsible for assessing the Charitsble Company's ability to ¢ontsnue as a going concem, disclosing, as applicable. matters related to going concern and using the going concern basB of accountsng unless the directors either intend to liquidate Ihe Charitsble Company or to Cease 0￿rationS. or have no realistic akemative but to do so. AudStoff$ re$ponslbllltles for th¢ audlt of the finan¢ial stalements Ovr objectives are lo obtain reasonable assurance abovl whether the fina￿la1 slalemenls as a whole are free from material misslatement, whelher due lo fraud or error. and lo issue an auditor. s report that includes our opinion. Reasonable assurance 15 3 high level of assurance. but is not a guarantee that an audit condu¢led in accordance ISAS IUKI will always detect a material misstatement when it exists. Misstalements Can arise from fraud or error and are consklered material if, individually or in the a99￿gate, they ¢oukl reasonably be expected to infiuence the econLNnic deasions of users taken on the basis of these financial statements_ 19

Docusign Envelope ID.. 8ADD24C2.F810440?-8928-55D46¢7A ZURICH COMMUNITY TRUST {UK) LIMITED (a Company limited by guarantee) INDEPENDENT Au0￿OR's REPORT (CONTINUED) Explanation as to what éxtent ¢h¢ audit was ¢onsld¢T8d capable of detg¢ting Irregularities. including fraud Irregularities. induding fraud. are instan￿S of llon-com ￿lan￿ wlh laws and regulations. We design procedures in line with our responsibilities. outlined above. lo delect irregularities. induding fraud. The risk of not detecting a material misstatement due to fraud is higher than thÈ risk of not Oetectbng one resulting frorn error. as fraud may invofve deliberate concealment by. for example. forgery or inlents'onal miSrepresentat￿ns, or through collusion. The extent to which OUT pr(Kedures are capable of detecting irregularities. induding fraud is detsiled below. However. the primary respK)nsibility for the prevention and detection of fraud rests wlh tx)th those Charg￿ with govemance ofthe entity and management. We obtained an understanding of the legal and ￿gUlatOry frameworks that are applicable lo the Charrtable Company and detem7ined that the most signrficant are those that re￿Ie to the reporting framework Financial ReF¥)rting Stsndard FRS 102 regulation in the United Kingdom and the Challties SORP. We understood how the tharity i% cYynp￿ng those frameworks by making enquiries of management, those charged with govemance. arnl those reSponsi￿e for legal and compliance matters. We assessed the suscptibility of the company's financial slatements to material misslalemenl. indudiTrJ how fraud mwht occur by ￿ns￿lering the controls that the Charitable Company has established 10 8ddress the risks identrfied by the entity and lo prevent or detect fraud. induding in 8 remotè-working envir(￿Ment, and how management monitors these ￿ntrolS. We considered management's incentives and opportunities for fraudulent manipulation of the financial statements, including management override of controls. We tesled the appropriateness of journal entries recorded in the general ledger and evaluated the business rationale for sKJnificant anélor unusual manual transactions. We verified Ihat Ihe joumaL% selected are supwrted. where appropriate. by appropriate source documentation. Based on this understsnding we desvjned cMJraudit prc￿dureS lo identify noncoMp￿ance with such laws and regulalions. Our procedures invofved making enquiries of those charged with govemance and managernentand as a result of our enquiries. management is not aware ofany non-compliance wth laws and regulab.ons affeuing the finanual ststements. Based urx)n our 8nquiTies. we are not aware of any instances of non-(￿ ￿lanGe with laws and regulatiCI)S. A fvrther description of our responsitxlities for the audit of the finanaal slaternents is Pjcaled on the Financial Reports"ng Council's websrte al https..Ilww.frc.org.ukJauditorsresponsibilities. This description forms part of our auditorfs report. Use of our report This report is madè solelyio the Charitat48 C(npany's members, as a tthy. in 8c¢ordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we rn￿ht state to the Charitable Company's members Ihose matters we are required lo stsie lo them In an audiior's report and for no other purpose. To the fullest extent pemiitted by law, we do nol accept or assume reswnsibility to anyone other than the Charitable Company and the Charitable Company s members as a bl￿. for our auéit woth. for this ￿pOrt. or for the opinions we have fornied. Jonathan 8ell (Senior statutory auditor) for and on behalf of Ernst & Young LLP, Statutory Auditor London 27 June 2024

Ck)¢uS¥n En¥eW ID.. 8A0O24C2.F81D4401.892￿D460A3AX ZURICH COMMUNITY TRUST {UKI LIMITED (a Company limited by guarantee) STATEMENT OF FINANCIAL ACTMTIES land summary in¢ome and oxpenditure a¢¢ountl FOR THE YEAR ENDING 31 DECEMBER 2023 Note Unrestricted funds Restri￿ed funds Totsi 2023 £'ooo £'ooo Income from: Donations and ￿90￿eS 3.077 3.077 Charitable activities 181 52 233 Investments 57 57 Totsl 3.315 52 3,367 Expenditure on: Raising fund5 {2891 12891 Charilable aeliv￿8$ 13.531) 1441 {3.5751 Other {47) 1471 Total {3.8671 {44) {3.9111 Net gain on investments 14 141 141 Net expendlture (411) {4031 Transfer between funds 18) Net movement in funds (4031 (4031 Recon¢iliati¢n of funds: Totsl funds brought forward 4.221 4,228 Total funds carried forward 3,818 3,825 All gains and k)sses rec4)gnised in the year arè included in thè Ststement of Financial Activities. The prior year comparatives. for the year ended 2022. are shown on page 22. 21

E¥JcuSlgn Envdow ID." 8A0D24C2￿alD4401￿92&S5D16(I￿1A ZURICH COMMUNITY TRUST (UKI LIMITED la Company limited by guarant•81 STATEMENT OF FINANCIAL ACTIVITIES (and summary income and expenditure account) FOR THE YEAR ENDING 31 DECEMBER 2022 Unrestricted fvnds RestricAed funds Note Total 2022 £'(K)o £'ooo In¢¢m• from.. Donations and legaues 3,128 21 3.149 Charitable actmties 63 111 Investrments Totsl 3.192 69 3.261 Expendlturo on: Raising funds 1278} 12781 Charitable actNlties {3,158) 1107) 13,2651 Other {46) 1461 Total {3.4821 {1071 13.589) Net loss on investments 14 (2371 {237) Net expendlture (527) 381 {565) Transfer belween funds 1381 38 Net movement in fund$ 15651 15651 Reconciliation of funds= Totsl funds brought forward 4.786 4,793 Total funds ¢arrled forward 4.221 4,228 All gains and losses recognised in the year are inc#Jded in the Statemenl of Financ4al Activities.

rxJcuSwn Envew ID.. 8ADD24C2.F81LH401492&55D460A3A ZURICH COMMUNrfY TRUST (UK) LIMITED la Company Ilmtted by guarantee) 8ALANCE SHEET AS A T 31 DECEMBER 2023 Note 2023 2022 £'ooo £'ooo Fixed assets Investments 14 1,829 1.938 1,829 1,938 Current 35sets Oebtors Cash at bank and in hand 15 16 139 2.692 44 2,848 2,831 2.892 L￿bIlitieS Credilor5.' amounts falling due thin year 17 18351 {6021 Nel currenl assets 1,996 2,290 Net assets 3.825 4.228 The funds ol Zurich Community Trust: Unrestricted income funds General funds 18 3.423 1,176 DeS￿nated funds 18 395 3.045 3,818 4,221 Restricted income funds 19 Tot81 funds 3.È25 4,228 The financial statements on pages 21 to 40 were approved by the Board of frustees on 27 June 2024 and were signed on its behalf by.. Trustee steve Col l i nson

DDcuSbw Erbvelapelo.. 8AD024C2￿BlD44Dl-892&￿5D46aA￿ ZURICH COMMUNrrY TRUST {UKI LIMITED (a Company limitgd by guarantso) STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 310ECEMBER 2023 Note 2023 £'ooo 2022 £'ooo Cash flows from operating activities Net Cash provided by operats.ng activities 20 14631 146 Cash flows Irom investing activities Divider￿$ and interest from investments 57 Social Bond Oivestment 14 250 Net cash provided by investing activilies 307 Net de¢rease in cash and c8sh equivalents {1561 147 Cash and cash equwalents at the beginning of the Year Cash and cash equivalents at the end of the Year 2.692 2.848 Analysis of cash and cash equivalents-. Cash at bank and in hand 16 2.692 2,848 Cash and cash equivalents 21 2,692 24

D)oJSvw Envelcpe ID. 8hDD24C2-F61O4401-892￿sDl6QL3AsO8 ZURICH COMMUNITY TRUST (UK) LIM￿ED la Cornpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS Statement of ¢omplian¢e These financial statemenls have been prepared in complti4nce United lQThJdom Acc4Junting Stsndards. induding FRS 102 the Companies Act 20C6. Accounting policy inforniation The principal accounting polic*s applied in the preparn1￿ of these financial ststemenis are set out below. These polioes have been consistenyy applied to 811 years presented, unless otherwisè stated. 2.1 Ado tion of new and revised standards There have been no changes that impact FRS102. 2.2 Basis of ration The Trustees are satisfied Ihat ZCT can (xJnb"nue to use Ihe going concem basi5 in preparing the finanGial slalements. In makirrfJ this aS5e5sment the Trustees have cDfisidered the projecteil Gash flows ofzurich Community Twsl which show that ZCT has sufficient resour￿5 for a period of twelve months from the date of approval of these finanual statements. The finanoal stslements have been preparet1 under tt)e historical cost convention. as modified for investmenls held at market value in a(￿rdance with the Companies Act 2006. the Statement of Rett>mmended Pradice 'Accounting and ReFX)rting by Charities Statement of Recornmended Practice applicable to charities preparing their financial statements in accordance with the Finanaal Reporting Slandard appIl￿b￿ in the UK and Republic of I￿13￿d, {"SORWI and the Charities Act 2011. 2.3 Statement of Financial Activities "SOFA" and summa incorne and ex enditure a¢¢ount Zurich Community Trust is a regislered chty and achievements cannot be measuod by norrnal Commercial crileria. Attordingly. the Trustees considerlhat it would be inappropriate to present a Profit and Loss A¢£ount in one of the formals sel (wt in the Companies Act, and therefore. as permrtled by that Acl. and in order to reftecl the special nature of the Company's activities and Ihe SORP. Ihe Trustees have presented a SOFA. 2.4 Income Income from donations and legaues includes the amount receivable under Gift Aid from the Zurich UK employees of Zurich Employment SeN¢es Limited and Zurich UK General Services Limited, Zurith Management Servi￿$ Limiled. Zurich Insurdnce Group Ltd and ZZF Foundation. Income from Ch8ritsbl8 Act6vths represents an￿1n1$ recervable as a result of a varrety of fundraising events and inth"atNes induding events organisèd by Zurich group staff ancl Capita eM￿OYeeS {working on an outsourced Zurith contract). Income is recognisetl when it is probable that the ewnomic benefil in respect of the inwme wll flow to Zurich Community Twsl and when ZCT has the rights or other access to that eeonomic benefit. Income from inveslmenls is also induded in income. All ¢r￿Orne relating lo the re￿rtIng period lo ¥thich the accounts relate is taken into account thout regaré to the date of payment or receipt. 25

Envdope 10.. eAW24C2-F8104401-W2&55D460A3A ZURICH COMMUNITY TRUST (UK) LIMITED la Company limited by guarant••l NOTES TO THE FINANCIAL STATEMENTS (CONTINUED Accounting policy infomiatlon {continued) 2.5 Ex nditure Expenditure is recognised when a liabih'ty or cost is inojrred. ExpendiluTe that relates to more than one cost category Isuppjrt costs) has been apF(*tioned across raising funds. Charitsb￿ activities and other u)sts based on the percentage of resource utilisation on these activities. Expenditu￿ indudes recharges from other Zurich companbes relating to staff costs. Multi-year grant payments are accounted for in Ihe year that they relate lo. Addilional years commitments are not included in the curent yearwhere there are o)ndib"ons to be met before the future grant payment can be released. Expenditure on charitable adiwties includes expenditure related to grant giving. Grants represenl amounts payable and amounts authorised for payment. for which ￿rtain conditions have been met. to charities during the year. Each grant is recognised as an expense when the liability is incJJrred. All grants made during the year supported the objectives of Zurich Community TnJst and the reapient organisatsons. Zurich Community Trust also uses its financial reSoUr￿S to provide tts charitable partners with a variety of additional resources to support their activilies and overall good govemance. These indude training ￿u[Se$. memberships. and access to onlino fvnding search ongines. Other costs indude those inojrred In the governan￿ of ZCT and ils a55els and a￿ priffjari associated wilh consb"tutional arKI statutcKy ￿qUIrements. 16 Donated services Donated sefwces have been recognised at the Tmslees. best estimate of their value. These 8re recognised as in(x)me from donaiions and legaoes and expenditure on Charitsbk Actmties. as reqUI￿d by the SORP. 2.7 Fund accountin Unreslri¢ted funds c￿npriSe accumulated surpluses and deficits on general funds. They are availabk for use at the dis(xetion of the Trustees in furtheran￿ of the general charitable objectives. Designated funds are unresirided fvnds eaTrnarke¢J by the Trustees for spe￿fic purposes. Restricted funds are fvnds whith are lo be used in accordan(t wth specffic restriclions impose¢J by donors or which have been raised by ZCT for partiujlar purposes. 2.8 Investments Investments are valued al fair ¥8lue. being the market V81ue at the repo￿.ng dale. Any fair value adjustrnents are recordeLI in the Statement of Financial Activities. Investments that have a maturtty dale of less than one year are recognised 85 ¢LJrrent asset investrnenls. Investments that have 8 maturity date of more than one year ¢Y no maturity date are re¢ognised as fixed asset investments. Investment income is accounted for on an aocrua15 basi5. h at bank and h Cash al bank and in hand includes cash in hand. deposits held * call with banks. other short4erm liquid investments wth onginal maluribes of three months or less, and bank overdrafts. Bank overdrafts are shown within trrf)rrowings in curreni liabilities.

Dxusiw Envelope ID.. 8ADD24f2-F81D4401.892&S5D460A3A5( ZURICH COMMUNITY.TRUST (UK) LIMITED {a Company limit•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI A¢¢ounting poll¢y Information l¢onllnuedl 2.10 Reco nition of liabilities Liabilities are recognised vthen an ob1MJatiC￿ arises lo transfereconomic benefits as a result of past transactions or events. 2.11 Discontinued o rations The registration for The Openwork Foundation as a charity was granted by the Charities Commission on 25 July 2019. There was rm) money received from The Openwork Foundation donors in 2023 {2022'. £0). A¢countirbg p¢li¢ie$ and estimates In the application of the company's accounting policies. management are require(J to make judgements and use certain estimates and assumpb.ons a￿ut the carying amount of assets and liabililies that are not readily appa￿nt from other sources. Zurich Community Tmsl currenlly does not have any critical judgements or use eslimates and assurnptions that have a significant risk of Causing a material adjustment lo Ihe caryry amount of assets and liabilities within the next financial year. In¢txhe from donalions and legacles 2023 2022 £'ooo £000 Unrestricted funds Donation from Zurich UK Businesses Regular Giving Donaled services Other voluntary income Tax recoverable on gifi aided donabons 2,649 212 211 2.649 238 172 33 3,077 3.128 Restrictèd funds Donatron from ZZF Foundation Olher vdunlary income 21 21 3.077 3,149

th)cuSvJn Envdry ID.. A￿￿ry24c2￿8lD4401492wDl6OA3 ZURICH COMMUNITY TRUST (UK) LIMITED la Company limit•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) Incomè from donatlons and *gacies {Contlftued) Gift aid forms part of the Regular Giving amount. Gift Aid is don8led on the understanding that Zurich Cornmunily Trusl Can use that tlty)ation for any purpose to further tts own objectives, with no conditions attached. Income from Charitable activities 2023 £'ooo 2022 £'ooo Unrestricted funds.. - Runs and Cycle Rides - Zurich UK Employee Fundraising - Lottery - Tax recoverable on gift aided donations - Other voluntary income 10 11 181 63 Restricted funds.. - Zurich UK Employee Fundraising - Lottery - Other voluntary income 48 52 48 233 111 Income from Investments 2023 2022 £'ooo £'ooo Bank interest 57 57

DoGuS1￿ Envelcy8 ID." 8AD024C2.F81D4401.892&S5D461I ZURICH COMMUNITY TRUST {UKI LIMITED {a Company limit•d by guarante•l NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI Analy$l$ of expenditure Zurich Communrty Tnjst allocates its expendrture 8$ shown in the lable below and then lurther apportions those Costs betsveen Ihe th￿e charitsble actwibes undertaken (see Note 81. Support Costs are allo¢aled on a basis consistent wlh the use of resources. Raisin Funds Charitable Activiti Total 2023 £'ooo Total 2022 £'ooo Other rt Costs Stsff and related costs Fundraising expenses Trading Travel and accommodation Stationery Office equipment and IT Miscellaneous Lottery Govemance ￿$ts Donated services 136 969 89 921 74 13 15 14 12 21 14 149 175 14 212 12 179 211 172 Total su rt costs 47 289 1.157 1.493 1.411 Charitsble Donations 2.418 2,418 2.178 Totsl ex endilure 47 289 3,575 3,911 3,589 Staff working on behalf of Zurich Community Trust are employed by ZurTrch Employment SeNices Limited I"ZES"l. Staff costs are detailed in Note 10. Governance supporl ￿$1$ represent the portion of the fees bome by ZCT for the audit of zcfs financwl statements. Amount in excess of £3.000 is bome by Zurich AssurarrE Ltd I'ZAL'I and re￿gnised as part of donated seNcA8.

rkncuSTw Envew ID.. a￿DD24C2￿81O4401492&55D4É(1A ZURICH COMMUNrrY TRUST {UK} LIMITED la Company limitsd by guarantsg) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI Charitable activities Charitsble acbvities £'(M)O Total 2023 £'ooo Tol81 2022 £'ooo Cost £'ooo Trust- - Strategic Funding Programmes 100 107 National and Local Partnerships.. - National Partnerships - Loc81 Partnerships 932 1,440 356 391 1,288 1,831 1,175 1,645 2,820 2.372 747 3.119 - Volunteering 356 356 2.418 1,157 3.575 3,265 A detailed analysis ofgrants made during the year can be fouThJ in Note 9. An analysis of suppcwt costs can be lound in Note 7.

Docusign Envel(¥e ID.. 8ADD24c2-F81D44O1492&￿D46oA3Asc ZURICH COMMUNITY TRUST (UK) LIMITED la Company limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI Grants paid 2023 £￿00 2023 £'ooo 2022 £'ooo 2022 £y￿0 Strat ic Fundin Pm rammes Fareshare Call in Time Programme Young People's Mentsl Health Programme 18 20 38 20 46 58 National and L¢)cal Partnershi Long-term Community Partnerships National Partners.. Dementia UK Place2Be - TeachFirst - Magic Breakfast Barnardo's - Other 166 153 210 166 165 225 200 153 153 932 843 Local Partnerships Empbyee Nominated Grdnts 1.391 49 1.087 190 1,277 Grant Payable to Opènwork Foundation 2.418 2.178 I grants payable are institutional grants. No grant payments have been made to individuals. 31

c*)cuSvJn En¥eknp8 8AD024C2.F81D4401-W28-55D46Q43A5(18 ZURICH COMMUNITY TRUST (UKI LIMITED la Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (co￿1NuEDl 9. Grants paid (continued) The following represents those organisations benefrtfing the highest value ol grant payments made during the year. 'Other' is made up ofgrant payments totslling less than £30,000 to a single organiSat￿n. 2023 2022 £'ooo 210 166 166 165 133 £'ooo 200 153 153 153 131 90 40 45 40 40 30 TeachFirst Dementia UK Magic Breakfast Bamardo's A&heimerfs Society Superhefo Series Woman's Trust Step By Step Oementia Concem The Soup kn"tchen The Deborah Ubee Trust Fooocyde Swindon Domestic Abuse Support Serw swir￿on & Gloucestershire Mind Swindon Carers Centre The OINe Tree Cafe Flourishing Families Leeds Spollighl UK The Moving on Proje¢t Yellow Door Silverline Memorie5 Leeds Older People's Forum Homeless Project Scotland Age UK The Good Gym The Swindon Women's Aid Other 53 50 43 42 39 39 39 39 35 35 33 33 31 31 30 35 35 35 36 30 30 38 37 35 792 828 Totsl 2.178

DDcuSvJn Envdcpe 10". 8ADD24c2-F8lLH4014￿2￿D4e0A3A￿ ZURICH COMMUNITY TRUST {UKI LIMITED la Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 10. Staff Staff are empk)yed under contracls of eM￿0Y￿enl wilh Zurich Employment SerV￿es Limited. Staff costs recharged to Zurich Gjmmunity Tn￿1 are inthded to the exlent that these are separatety idents"fiat4e. 2023 No. 2022 No. The average number of emF4oyees working for Zurich Community Trust during the yeaf was: Charitable actiwties Other Raising Funds 12 12 16 The aggregate payToII Costs of these employees were.. £￿00 £'ooo Wages and saLgries Other pensK)n costs Social security costs Employee benefits 729 78 78 693 72 76 969 921 The number of employees whose emoluments as defined for taxation purposes 8mounted lo over £60.000 in the year was as folkjws". 2023 £60,000- £69.999 £70,000- £79.999 £80.000- £89,999 The total emoluments paid to key management personnel during 2023 was £88.19212022". £83,200). There was one key management personnel during 2023 {2022: 1). Zurich Community Trust is not the employing Company for these stsff and therefore no fvrther pengon disclosures or share based payTment disdosu￿s have been ￿luded in these financial ststements. The costs are rechafged from the employing company to ZCT al￿ the disckjsures are available in the finandal slalemenls of the emplowng cDmp8ny noted above.

DrKuSiw En¥dope ID.. 8ADry24C2.F81N401492￿D4eA)A3￿ ZURICH COMMUNITY TRUST (UK) LIMITED la Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) 11. Taxation Zurich cOrr￿unity Trust is a registered tartty. and as Slth is entitled to certain tax exemptions on income and profits from investments, and surpluses on any trading a¢tiwtses carried on in furtheran¢e zcrs primary ots'e¢tives, if these profits and surpluses are applied solety f(r charitable purposes. 12. Net expenditure Net expenthture for the year is slated after charging.. 2023 £'ooo 2022 £'ooo Auditorfs remuneration in reSp￿t of aL￿11 serw¢es 11 Auditovs remuneration in respect of Zurich Community Trust auort was £10,052 {2022'. £8,096). The amount bome by ZCT totalled £3,000 {2022= £3.0￿). Audit fee bcne by Zurich Assurance Limited amounted to £7.052 {2022.. £5.0961. 13. Tru$t••s' emoluments and *xpens•s Trustees daimed travel and training expenses of £434 (2022". 3801. No Trustee was paid in respect of seryices provided lo Zurich Community Trust either by ZCT or by a related paty12022= nill. 14. Fixed a$$•t Invostments 2023 £'ooo 2022 'ooo Investrnenl in'UK Social Bond Fund. At1Jan 2023 £'(K)o tjvestmenl 2023 £'ooo Valuation movement £'aci) At 31 Dèc 2023 £'ocrf) Investment in'UK Soual Bond FurKJ' 250 141 A11Jan 2022 £'ooo Divestment 2023 Valualton movement £'ooo At 31 Dèc 2022 £'ooo Investment in 'UK Socral Bond Fund,

Docusign Envdcpe ￿D.. 8AOD24￿k.F8lL￿01-8g28-S5O4S0A3A5O8 ZURICH COMMUNITY TRUST IUKI LIMITED {a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 14. Fixed asset investments {￿ntiThued) There was a divestment of £250.OLKI of the'UK Social Bond Fun<f in the year. An unrealised gain on fixed asset investrments of £141.c￿l0 {2022.' unrealised toss of £237.000) was recognised in the year. 15. Debtors 2023 £'ooo 2022 £'ooo Prepayments and accrued income Amounts due from Zurith Insurance Group Ltd undertakings Sundry deblors 101 10 29 139 Amounts due from Zurich Insurance Grc￿P Ltd undertakings are unsecureo, interest free and h8ve no fixed date of repayment. 16. Cash at bank and In hand At1Jan 2023 £'ooo Cash At 31 Dec 2023 £'ooo ows £'ooo Cash al bank and in hand 156 At1Jan 2022 £'ooo Cash flows £'ooo At 31 Dec 2022 £'ooo Cash at bank and in hand 147 17. Creditors- amounts falling due vAthln one year 2023 2022 £'ooo £'ooo Amounts due to Zurich InSUra￿e Group Ltd undertakings 574 537 Accruals and deferred Income 261 65 835 602

DocuSi9n Envelr4Je10.. 8A0024C2.F81D4401-892W0460A3A ZURICH COMMUNITY TRUST {UKI LIMITED {a Company limited by guaranttel NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI 18. Statement of funds At1Jan 2023 Incorr Inveslment Gain Transfers At 31 Doc 2023 endrture £'o(Jo £'o General Funds 1.176 3,315 {3,8671 141 2.658 3,423 Designated Funds 3.045 (2.6501 395 Total Unrestricted Funds 4.221 3.315 13.867) 141 3.818 Restricted Funds 1441 {81 Totsl Funds 4,228 3.367 (3.911) 141 3,825 At1Jan 2022 Investment Loss Transfers £'ooo £'ooo At 31 Dec 2022 £'ooo Income Ex nditure £'ooo £'L)00 General Funds 3.252 3.192 {3.482) 1237) (1.5491 1,176 Designated Funds 1.534 1,511 3,045 Total Unréstricted Funds 4.786 3,192 (3.482) 12371 (381 4.221 Restricted Funds 69 {1071 38 Total Funds 4.793 3.261 13.5891 (2371 4.228 The general funds represent the free funds of Zurith Community Trusl which are not designated for particular purposes and Iherefore have no trust law restrictions. Designated funds indude fijnds sel aside for the support of various long-term projects.

Docusign Envdope 10". 8ADD24C2.F8104401-8928-55D460A ZURICH COMMUNrrY TRUST {UKI LIM￿ED la Company lim1t￿ by guarantee) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI 18. Statement of funds {contlnued) The designated fund has decreased by £2.6SO,000 during 2023 {2022'. increased by £1,511,0001- This decrease is due lo Zurich Community TnJst entering a new three-year funding agreement from Zurich UK Businesses. Any deasions in regard to the future commitrments will be made by the Trustees ¢Juring 2024. Restricted funds comprise funds raised by employees for specified charities. Zurich Communty Trust can only use these funds as spe¢ffied by the donor in acLordance wth TnJsl Law. The baL4nce of£7.000 12022.. £7.OCK)I rep¥esents the restricted funds raised ¥kni¢h have not been expended by the end of the year. 2023 2022 £'ooo £'ooo Youn Peo les Mental Health Pr ramm 20 40 Local Multi Year Fundin Partnershi 1.079 National P 450 200 200 The short-term project cornmilmenls fijture spend. for Wh￿ designated fvnds have been set aside. include". Short-term project commitments 150 170 Income designated for future years 25 1.106 Total designated lunds 395 3.045 37

DocuSig7 Envdcpe 10.. 8ADtr24C2.F81N4O1.892￿fm60A3A5l ZURICH COMMUNITY TRUST IUKI LIMITED la Company limited by guarantsel NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 19. Analysls of net asseis between funds Restri nate eneral fvnds Total £'ooo rooo £'ooo Fund balances at 31 Oecember 2023 ar• represented by: Fixed asset investments Cu￿ent assets Creditors 1.829 2.429 835 1.829 2.831 83S 395 Net assets 395 3,423 3.825 Restricted ￿￿naled fund5 funds £0 General funds £'(K)O Totsl £'ooo Fund balan¢e$ at 31 De¢•mb¢r 2022 are reprnsented by: Fixed asset investments Currenl 8ssels Creditors 1,938 {1601 602 1,938 2.892 602 3.045 Nèt asséts 1.176 4,228 20. RÈeonciliation of net èxpènditure to net ¢ash provid•d by l {usèd in) opèrating ¥¢tivities Note 2023 £'ooo 2022 £'ooc) Net expendilure for the reporting perio(J {4031 1565) Adjustments for.. De￿ase in debtors Inere8se in creditofs Income from investments IGainyLoss on inveslrnenls 15 17 195) 233 26 449 1571 {141} 14 237 Net cash provided by I (used inl operating athwties {463) 146

tkjcusiw EnveW10.. 8￿24￿￿.F6IN401-B92￿046()A ZURICH COMMUNITY TRUST {UKI LIMITED (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) 21. Analysis of Changes in net funds At1Jan 2023 Cash At 31 Dèe 2023 rooo £'ooo Cash al bank and in hand 1156) 2.692 Cash and cash equivalents 1156) 2.692 22. R•latsd parties Controlling parties Zurich Community Trust members are Zunch Financial ServicEs (UKISA) Limited fuKISA'I and zurich Financial Services {UKISAI Nominees Limrted. The prinapal act+vity of UKISA is that of an investment holding company. and its main source of In￿Me is dividends received from its subsidiaries. The results of Zurich Communty Tnjst are not included in the financial statements of UKISA because the Trustees are required by legisLqtKJn to act independentty in the best inte￿stS of ZCT. The member5. ultimatè parent company and ultimate controlling paty is Zurich Insura￿@ Group Lt¢J. which is Inco￿orated in Swtzerfand. The purpose of this company is lo hold interests in O)mP8nies actNe in the insurance services business. in pa￿'CUlar in the areas of property and fAsualty and lrfe insurance asset management. Control can be Èxèrcised by the p8rènt, for example through corporate trusteeship or through a power to appoint or remove thè majority trustees. Copies of thè ￿)ns￿Idate¢l financk41 statements of Zurich Insuran￿ Group Ltd can be obtained from.. The Secretary MWhenquai 2 8002 Zurich Swtzerland Copies ofthe members, finanual $tsiements can be ci)t8ined from: Unity PL4ce 1. Carfax Close. Svlindon. SN1 1AP Zurich Community Trusys registered olfK a¢lress and legal fom) are detaI￿d within 'Reference and administralNe d￿la￿s. on pages 1 arn12.

DocuS¥Th Enve&)￿ 10.. 8ADD24C2￿8lD4lOl-8928-SsD46fIlts ZURICH COMMUNITY TRUST {UK) LIMITED {a Company limited by guarantsel NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 22. Related parties (continued) b. Relat￿ party balances Balances Zurich Insuran￿ Group Ltd undertakirw5 are shown in Note 15 and 17. The bal8nces are made up of.. Debtors= £nil {2022." £5.000) ijue from ZIP UK. and £9.000 {2022.' £nil) due from ZIP UK Creditors.. £568,000 12022.. £534.0001 due to Zurith Employment Servi￿$ Limited: £6.000 {2022". £3.Q)O) due to Allied Dunbar Assurance Plc: and All grant payments were in line ￿ the ojrrenl 9ovemance arrangements and delegated authorities for approval of grants made by Zurith Communty Trust