li- Charity Number: 270822 THE ANCASTER TrUST STATEMEpif OF Accouprrs FOR THE YEAR ENDED 5 APRIL 2025 THE ANCASTER TRUST ACCOUNTS FOR THE YEAR ENDED 6 APRIL 2026 CONTENTS Pagg Trustees, Annual Report Independent Examine￿$ report statement of Financial Aclivilles Balance Sheet Notes lo the Accounts 7-13 THE ANCASTER TRUST TRUSTEES ANNUAL REPORT YEAR ENDED S APRIL 2025 The Trustee5 present Ihelr annual report aThl financial statements of the ¢harfty for the year ended 5 April 2025. The financial statements have p￿pare(l in aocordanee wth the accountlig wJlicie8 set out In Nole 2 to the accounts and cornply ￿]Eh the Charivs Trusl Deed. the Cha￿tIeS Act 2011 and Accounting and R8POrtlng by Charities-. Statemenl ol Recomm8nd8d Practiee appllcable to ¢haritse5 weparfng thelr accounts in accDrdance with thè FinancSal Reporting Standard appllcable in the UK and R¢public ol Ireland IFRS1021 effeeied 1s1 January 2019. Oblertlve$ and Pollcles The Funds of the Trust arè io b8 applied lor or towards such charltable purposes ai Ume or 1Sm¢s and in such manner as the Trustses shall in thelr absolule dis¢retion thlnk ffit. Tho obiecllv8s 8r8 fu1fi118d by tho Tru81ee8 through consideration of appeals and making grants or donations in responsg th?￿10. F￿d$ held pending di5bursament may be Invested in Securllles ol whatscever nature as Ihe Trustees Ihink fit. In ace¢rdance wlth our duties as stated in svrtitsn 1715) of the Charities Act, we have consldered the guidanr provlded by the Charfty Commission in regard to public benefit. This public benefit has been dernonslrated by the aclivittes undertak•n since inception pl the charity outlined abov•. Actlviti•s and Achievement$ during Ihe year The total funds held al 5 Aprll 2025 were £4.286,097. which compared with £4,426,364 in the previous year. During thB year grants WBre awarded totalling £13e.51412024- £75.5141 per WK)te S In the accounts. Structure, Governance and Management The Ancaster Trust constlluted by a Trust Do•d dated 5 April 1965 and 15 a regislered charity numb•r 270822. Under clause 15 the statutory power ol appolntlng new or additional Trustees rests In the Trusle8S. The￿ is no rn8yimuwn or Iplnimum nurnbgr ol Trustees. Truslevs Baroness Willoughby de Eresby Davld Boulton Genders Susan Mary Slmmons Emma Carollne Miller Paul Eldon Fffilrh Retired 30th October 2024 Appointed Appolnted 301h October 2024 30th October 2024 Address Sayers BUtteN￿rth LLP 3rd Floor 12 Gough Square London EC4A 3DW Tgl&phone 020 7936 1910 FÈX 020 7936 4161 All enq￿￿5 should be addressed to Susan Sirnmohs at the above address. hveslment Advisors RuNer LLP 80 Vicloria Str8et London SW1 E 5JL BankerB Ruffer LLP 80 Vicioria Str881 London SW1E SJL Scottish Widows Bank PO Box 12757 67 Morrison Slre8t Edinburyh EH3 8YL CCLA Invg¥tsnent Management Ltd S•nator House 85 Queen Victorla Streel London EC4V 4ET Bardays L8icester LE87 2BB SoliGitors Goodman Derrick LLP 10 St Brlde Street London EC4A 4AD Nalional Westminster Bank Pl 21 Hanover Square London W1Y ODB Pa THE ANCASTER TRUST TrUSTEES ANNUAL REPORT: CONTINUED YEAR ENDED 5 APRIL 2025 Accountants Sayers Bulterworth LLP 3rd Floor 12 Gough Square London EC4A 3DW Sollcltors l¢ontinugd} Roythornes Ltd Enterprlsè Way Pinchbeck Sp81din Linwlnshire PE113YR Indepènd•nt Examlners TC Group Thg Cour¢yard, Shoreham R08d UppEr Beeding, Sleyning. West Sussex, BN44 3fN Rl$k Factors The TnJstee$ have examined the major strategic and operational risks which the Charity fac8s and confThi that system5 have been establlsh8d to enable regulw ￿portS to bg produced so Ihat Ihe necessary Steps ¢an b8 taken to lessen these rlsks. Investment Pollcy There are no restrictions in the Trust Deed. The Trustees opeiat¢ a low risk policy wlth a balance bgtween income and capltal growth. The inveslmenis are CU￿n11Y held in a mixture Df charlly funds. inveslrnents and ea9h daposits. During the year inve5ttnont income totslled £131,039 compared lo £119.501 In th• previous year. There were unrealised105ses of £116,822 on the investment5 during the yoar. The Trustees rt)lained an offlclal valuation ol the property ftom Strult & Parker, who valued the Trustees Intèrost in th8 prop8ty, on 151h November 2024 at £820.000. R058rv8s Pollcy It 15 the Trustees pollcy to restrf¢l ro50urces expended to the available income. Clause 2 of the Trust D￿￿ gives the power to apply the Trust Fund and the incDrne lor such Charitable purposes as the Trusteès shall in ffteir ab501ute ¢lscretion determine. Accordingly It Is possible lo maintain reserves at a minim21 IRVAI Publlc Benefft Th8 Trustegs confimi that they have complied wilh the duty in Section 17 of the Charitie5 Act 201110 have due r8gard to the general guidance Issued by the Charities Comnlssion on public benefit. Related Party Tran5aCtlon8 It should bt noted thal Baroness Jane w11￿U9hbY de Eresby is involved with many of Ihe Chariti?5 to whKh the TtU5t donatsd durlng the year. Future Plang The Truslees are addressing the Income siluation and intend lo Increase thè donstkn5 rnade in the fclthcorning years, gubj8Ct to continued satisfactory funding 8rrangements. eath yw, }Tw ll true 8nd tslr ol tho ststs of of the Charty snd of the inyJmTJVd TnJg19•¥ 9rn lh• ¢harWs tr•r6ath th6do¥D w50nebTe ai ony Ihe fkn8txIo1 posllion oftho r*arlty ar¥J bkn tg Onsu￿ thBt tho ffnandal statemwts ￿nrAY Clthties kt 2011. Ihe Cbwity (*4wnts end R8wrtsl rn9WJn$ 2008 lh• of Tn*t D86d. Tpw 8re a150 rB5porksWtt IOT -ss no other matters in connectirm with the examination lo which attention thuld be drawn in Ihig repcrt in tyder to a prcyer undetslaThthg of the accounts to be reached. Mark Curnmin3 FCCA FCIE On behalf of: TC Group The Courty8rd, Shoreham Road Upper Bee(ffing. SteyTung West Sussex BN44 3TN Dated: 29 January 2026 THE ANCASTER TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5 APRIL 2025 Note 2025 Total Funds 2024 Totsl Funds Expandable Unrestricted Endowment Funds Investment Inc(The 131.039 131.039 119.S01 Tolal Incomo 131,039 131.039 119,501 endlture on: Charitable Acbvltles 9,110 145.374 154,484 90.412 Total èxpenditure 9.110 145.374 154,484 90,412 Net Incomel{expendlturel before Investment golnslllossgs) 19,110) I14.￿5) {23,4451 29,089 Nel Ilossesygain3 on invèstmenis 13 1116,822) 1116,8221 33,614 Revaluatlon of propgrty 245,OCM) Net (Expenditure) I Income and net movement In funds (125,9321 (14,3351 {140.267) 307.703 Total funds brought forward 4254,206 172,158 4.426.364 4,118.661 Total fund balances carried fonyard 4,128.274 157,823 4,286,097 4.426,364 A11 activities relate to continuing operations The notes on pages 7 to 13 form part ol thesg flnoncial statements. Pgge 5 5 2024 B&ooo 13 3.3A9.371 Dabt(M• Ront I￿￿￿1e 11M58 9,198 Ca¥h atBHnk Ruller LLP Cap5ts1 accaunl Cuwrentaccount 11J) <74) ÈaTr*F PLC Scdtssh Wld 164.4 15281 15,af6 18&n4 217.179 4291937 4.435,74B (4,WO) 040) (TN641 11.9201 TC Gr(wp (6J40} (9J84) Total net•nel8 4.-428 Expènda￿* Fund 12 12 412B274 157.823 4,254206 1711SB Tol•l Funds L&tyJan YEAR EI•JED 5 *TrWL2025 1 Leyl 8tatU5 The A￿￿er Tiust 15 an clwhy, re9tsiued WalE*. Tl* tegi*red numbor and priwp81 2 Accovntlng polces lal B4519 ol preparati#n atyj •ssessmertolgulKgefthcwn Tho 8cwJnts lfinanck?I stalwDeDt51 l¢YÈ been wep￿1 wthrlha lis￿ *ith lem5 r￿O￿niSed afcvst or Ir￿￿a¢bO￿ val* rthefY4i5e ststedhi the relBvartrnte(%lto these a¢￿￿ts. The fjnBnci sbternentshave wep3red In the S￿EMeN rrfRecommerth Acomting gnd Rewtn9 ty iQngdom Repthlcoflrvts￿ IFRS 1021 elfKthe 151 Jawy 2019 the ￿nan￿ 5toThlard apwicawe ￿ngdorn and ReKvbf¢of Irel* IFRS lQ2lwd the C]￿[￿$ Pd2011. Th? Irust WnSti￿￿￿ a kxbkbenefi1w￿ L￿ne¢ ty PRS 102 The financwl ststsmBntsare kKwtéd in nvJTrJed lo the r*are5t ￿l¥J. adt)ptsd. (bl Incom? Investrnenl In￿Me i% ac¢ourW fty in the ¢My 15 enbtsd to receipt. IrNe51mpTrt *ved by Ihe ChBT4y for repatrYnÈrt rA tax h85 been ￿055pd up lor t* récoverowe and this Icl Yoxauon pr￿v￿1)I bs irpJAed In the 85 the (kn*15 FxempibTr fort&*thrthd by parn 11 oflhe Curor8tw ToXe5 kt ￿111 Idl Expendliure rgEd in ￿ year*then the offer i* cffiveyed to the rec1￿ except kn IhD5e t3sBs the (thr ￿ Cond￿onal, don8￿0nS recoyni5ed as expendth ry)nditxJn5 aiiat*Sw are luif*d. offerwd tu W¥ch h•v8 Inet >*8r aid aro noted 8$ a ¢tynmithe￿ bJl Dot O¢CXued as Support c(tsts (inclu¢krKJ 9tr4ÈrnarTh costs) co5t5 asso¢oied wlh rreetn9 the cons￿￿￿Or￿7 and sl6ttAory requwetnBtts otYE Ctr¢rity*vJ knkvj lo IhFstr8le9Knwt￿il olthe ¢h8rity. 191 Investmerrts Nestrngrts afv c￿￿r￿j Yab)p li. e f*￿￿) at fv b￿an￿ sheel dai& Any goin or on rwalu8Uw i& iaken SWerrentotFirwKi?l 11) Inve5trnent prDP• yalL￿ i5reGryJnk5ed trmne Ig} Cask at Bankand kn band Cash at bar* arnj In irKb)*8 ond SI￿1 lry•J kNeStr￿lS *ith a strK)rt rn•bJrMy of thrEe monms or Irom d* croperiry Lrf the¢Jeposl CK sMThlarrn Ihl Debtor5 Trade rth8r debt(￿5 8re al the sel￿en￿ IJ￿. Pry1T￿ *p valwo at the epald. l Qedltor5 and prwislws Ct¢dttry5 and wvvl*ons are reccTrls*l ehqriy 10$ 8 wesoni Otlgathc￿ rosuthng froTr) 8 PB51 avenl Ihat Y4ill prob*)ly re$uh in thE tr8nsfer of fLMwJ$ b> a pwty 4rKI due to setue Ihe ￿￿9&"0n w be asured or estKnated M￿ablY. CrE(kn al after ing *Jranytr*Jv I￿￿￿&due. Ul Fund accouniin OBtsi15 ofih8 n8uxe and ofe•* 5el¢xrt 11. Ikl Far•lgn CWTPnCi05 ets and Irdb&ties hi fore￿ at the r485 rf exctry 81 the ￿fine8 gbeet dalg. Day to doy transa¢bu￿ cUryer￿ are recardEd al ra￿ of exc*8nge prevailing Orn th8 datFs ofthe transaLkn. E￿h¥r￿ are lrknacco￿l at the opBratiro tsSL4t. Ul £5￿M￿l03 *dlLthlgemen15 Ime ¢iustee5 th nc< crnS￿er ItrAI Ihere *v 8rea50fHNlgemwlllvl n88d to be bThght io ot the ￿￿Or5 d the Staler￿ P8gp 7 THE ANCASTER TRUST NOTES TO THEACCOUNfs FOR THE YEAR ENDED 5 APRIL2DZS 3 Investment PrDPerty Swirts*ad Hal. LkntdnshirÈ Thfr H¥AI w8$ cmeyed lo Ihe Trust by the Eart of Anc8s￿r on 14 06cèmber 1977 sbblect to a 18asB in favour of Ihe Chlkjw's FamllyTrnsl Ltd. TV* prvpFrty is currentty ￿a$£d Mrs Rklley on a 34 yBar itnprDvlng lease. In acCOrd￿ce ￿1th the terms orthe kase the annual rent was Increased lo £23,316wllh 8ifecl Ircrfrn 24th FebNary 2024. ThfyTru5tees ¢)btained an officl@I valuBtion oflhe pr¢ptyfrom Slruti& P?rker. who Ye1ued theTTus1808 Inl8resl In ihB PJDPErty on 15th NDvember2W24 at £820,000. Fakvalue al 5April 2025 820,000 F8lrvabJe ais Apill 2024 820,000 H15torfcal Cust 15,000 4 Inv¢$tmeTht In¢ome 2D2S 2024 Renton Sthnstsad H8118as& lrfome frorn securities Bank InterÈstrÈ¢e5ved 23,316 17,919 104,521 99,371 3,202 2,211 131,039 119,501 S charknb￿ ActiVtIl88- Gr8nt maklng Annu31 Payments Understanding (hder Month ol payrnont 2D25 2024 h K*èm UK thglmfjr5 Soc Agg LIK Amne$iy Inieroalbngl Ball8rs8a Doy5 Home Book￿￿ 8osion PreseNaiivn Trusi Bribsh LègK)n Poppy Appeal Lincolnshlre BrI￿"sh Red Cross Boumè Sot*ly CaTT4Bd C8neerVaerAA Canin& Parfners che￿￿a Physks Children's Family Twst coun￿ for Pre5eryol￿n of Rural Engl3n¢ Edfthw8slon Parochkql Chuich Council Edenham Parochlal Church Counci Edènham Reg￿nal Housè Fauna & FIDra Pres8rwalk)n s￿18ty Finècd Work Friends of the Ekl8rly Fre¢dDrn frorn TorturB Fiiends of Edward HD$phal Game and Wildlrfe ConvBf5ation T￿$1 GlynebouineArts Graniham & Dislthl kn8iy lor men￿lY Hand(capped Chlhlren Gurkh) WÈffare Ftbruary FebruBry 5CIJ 300 5(XJ 500 Six) 200 500 600 soo 500 300 March June March February March 500 500 200 soo soo soo soo Fèbruary May August March Mareh August M8y SOD 500 SOD 500 sr)0 500 500 500 500 500 50Q 5QQ Jo 500 500 50Q soo 5UQ 300 50Q 800 Avgusl areh Marth February ly February Marth gu51 March Sept March 500 200 500 500 500 SOD 500 500 800 800 C8nied forw 13,400 12.900 Page 8 THE ANCASTER TRUST NOTES TO THE ACCOUNTS FOR YI YEAR ENDED SAPRIL2025 5 ¢hHrftsblg Artlvlttqs. Grnnt maklng Annual Payment& Under Standlng Order I￿n￿*￿ed} Month of p4ym••t 202£ 2024 Broughl Forward 13,400 12.900 Health Po¥etyAcUon HopiTrg Foundaiion The Howard Leagug Just Act Middlo E83t Ke5teven Blin6 SociEIy Lincs TtUSI Naluie CoDSeNatlo Un￿1Th$hIre Iniegrated Volunw Ernorgency8￿1ce8 tin(xilnshirè CMIC￿$ Twsi Llncoln colh￿rI1- Fab￿ Fund Lfvabllity al￿e￿ Twust Mario Curfe Merngrlal Faurndalknn MedeThhS Sans FroTrtleres Melh￿L￿t Home$ ForTh¥ Agad Mulhill Par￿h Chur Natio￿1 Twsl for ScollaThd lorplaces of H￿Storical Int•rest8rtd Nats¥￿ Beauly New Brfdge Orderof Sl John Ophlhalrn* Hospital Orderof 51 ￿hn- HoGpItAI Accouni Pa5S9De 2LKJO Peop￿8 DlspwsBry for Sit* Animals Practical Action Prlson Refomi Trust Pri8on&r8 of CoTh5cienwAppeal Fund February March J8nugry March Marth January January Auyu5t August Maich August April Marth 500 500 500 500 500 500 500 400 goo 500 500 500 500 500 500 100 500 250 300 500 soo 500 soo 500 SOD 500 SOD 500 500 500 500 400 500 500 500 600 Novewber Augu51 March Sept February April May August Jgnuary Febwary 500 100 y)0 klh, ProjectTTU5I Pr¢videnl (Rowl Night Flefuge & Homo QuBen EIEabelh's Foundallon forthe 0158bled Flare Breed5 Survwal TruÈt FNL formerty ROY￿ Lller4ry Fund Roygl s￿lelYfr#IhP Relief uf Indigent Gonuèwcthw ofFKotL9nd RNLI s￿￿e¥s Thè 8amarftans- Gener81 oifice . BosioA Btsn Save Ihe Chitdren FUnd-Ge￿[aL Fund iti5h Wi1dlil•Twst Slghtsavers Inlemationaf (name change Send a Cow ShelterBDX Spi¢sby Fabrlc Fund Slro*e AstsocIa￿0n StAT￿le¥￿s Eplscopal Church. cal￿nder stJames' Eplscop81 ChU￿h. IAulhill Sl Helen* A5wardby st Mungo Houslng Swinslead PCC Fabrk Toynbee Hall The Connpctx To UNIPAL UNHCR Ukralnè Cwied fthward Fefvry 500 200 EOO 500 300 soo 300 500 S¢ hlarth May trIov8mbgr March J￿Uary Febry￿ry Sepi November Augusl Nov¢mb8r March Sepl February Novémbèr Marth FÉbruary March August AL¢gu5t Mawch Maich Maw¢h SL¥) 5DD 500 500 500 500 500 500 100 50D 509 50D 50D 500 50D 500 100 300 500 500 SDD 500 300 5UO 600 500 500 500 300 50D 38.450 33.950 PBge 9 NOTES TOTHE ACCOUNTS FORIHE YE*R ENDED 5 APRIL 2025 5 Cherltobkn ￿tIvItIes-(￿nt M?￿n9 nual Pa￿entS Undvrstandkny Ordw 1¢on￿n￿d) of 2025 Br￿ht Ftxw4r W*r￿d w*la￿ ColleGtkn Wals for In¢iq W8s¢minsier Children's So(*ly Wesknwter City ￿￿teCha￿l Mis5iDn Wtyn8nklnd Worfthwde Molluments Fund kn B￿a[n 36.45D 50D S)D 500 200 50D 500 SOD 50D M￿h M￿h Janwy Febriwy Ju Marth 50D 50D 500 5C•J Zcobgic81 Sockty 41.150 38.650 School Fees B8estone Schc*)l-Jprr￿e Plxlwi Fees esham Schooi-RcEe PIMbpp) St LaurerK¢ E¢*J¢ation Trt￿l. GpLvg¢ PM 14.[ 11.0 4.0 12.000 9.QOO 1Z,ODO 33.ODO Other PayTh8￿8 Mado durhwJ the Year The Salmon Trust Amy Benevolenl Furm BI*￿ Veierans UK C8mled Irlernalirn Edenham Regin31 kbJse Tn*t crim5th￿e and DrurTwnond Ttu Household CavgtyFowdati IFAW Natlonal Art Colkctions Ripp￿ Effe¢t Royal Hospitsl for Neuro th'sa￿rty St Fiancis Lewtsy Guld St Maws STrhinsleal South U￿oI￿ShIre Bhd SKay St John &*nes lthseum TvnB ¢￿alP Tme NwthW¥st TFSR 2.OCrt) 10.iIX) 5.QOQ Ic()0 500 g)D 2.ts)0 5.wo 1.WO 500 TurgUDi5e Mourtan TNst Water FlOr￿t Z8ne Zan8 ￿Mbkn￿ Emergew Fund 3￿64 Sthool Fee5 Sk￿l￿g Orders 33.QCQ 41.150 Totsl Dol￿tIOnS fflade durh¥J the year 136.514 74514 ThE L*jectives of the Tfttst are fUffill￿ bythg TrLL%tees cLfft4deration clapFea5 mthThJgrarrt5 In r8SFonsethweto. All ￿8￿tsar9 I￿the gener31 olthe reupwL 2025 2025 2D25 En(lOWr￿ Unrestrirled TotHI Total Chartl8bl8Activitie5 la5 a&￿) Fgort C05ls.Adrnir￿5￿3tirm & ArU￿nI8 I36￿14 136,514 2.0(KJ 15,970 7&514 2.0(X) 12.898 9.110 $110 145.374 154M4 90.412 P898 10 THEAIKASTER TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 6 Supwt eoBts Ilncludlng Go¥em*¢e Costs) 2025 Vnrestd¢tqd 211Z4 Tatal Total IndU￿g under provision tr preyths year Inde￿ndent EX8￿￿￿er fe8S Surveyors F88S Legal Fe¢$ Ruffer5 8Lyu5trnerrt on Fee Bank Chv98S 5.840 5.840 11,680 1.920 1,500 810 10,948 2,040 810 11101 9.110 15,970 12.898 Sw)wt costs lind*tiny gLpMn•￿e co515} incah18 hJ8pethl EyAmkw Fees of £1.92012￿24: £2,IJ4QI. 7 Trust££S Nonp LrftheTru5tee5 lor any per50rts Iwlh Ilvn) refi¥JrMati¢￿ LY reimbursed any expenses tn>m Ihe charity duiww Iheyw. 8 Employpps There no empl￿$ ihe pethl. 9 Related Party 11 shoulJ be [￿le￿ IIBI 8arcffless Jwe Wilkx*ty de Ei•sty is inth with of the ch*ilies tts wh￿h the Trust donated thJing the year. 10 Controlllng No one party has overall controj ￿the TIL%L 11 Funds Unre&ln'¢ted fvnds fryse t￿ fmds vrt*h Tru518es free to use kn a￿)r￿arKe vrith the charllabje objects. The exppnthble endwnert fimd rewesents ¢￿e a$8¢1% that are hekl by the L*arity on a rnore p8rmanent basls. Incorne arislrwj on Ihe endThvrnent lurnl ￿ be used wilh tke obieds of Ihe charity ar*J is Ir￿lUllEd a5 restricled Incw*. Any ¢apiial g•rts v ks55e5 on th8 fN8strnents forn part of trE fuftd. Investment man8￿c￿ chwge5 and tegal ad¥ke relatir•J to ar• >Jain5tlhe fund. Paoe 11 THE ANGASTER TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 12 Analy518 of net assets between lunds 2025 2025 Expendable Unrestrlthd Endowtnent Income Fund Fund 2025 2024 Total Total Fund balanc88 at 5 April 2025 are represenied ty. Flxed a5se15 Currpnt a55e15 Debtors crwjlto￿ amwnts falllng due withln on8 year 4.092,545 39,149 4,092,545 1￿.734 11.658 18,8401 4.28Q097 4.209.371 217.179 9.198 19,3841 149.58S 11,658 13.4201 13,4201 4.128,274 FioilVILoMI 5,SX T￿502 7.￿1 2P. 4fy1 12WJJDO lQ9,4 I,￿.￿D 2m•.$14 243A91 24QMOO 24DMO 2SS.I 74 Page 13