CHARtTY NUMBER 271067 THF. LOUIS AND I'ALERIE FREEDMA￿, CHARITABLE SETTLEME)t T TRUSTEES. REPORT AIND FINAh'CIAL STATEi¥IENTS 30 SEPTETrIBER 2024 THE LOIIJS VAI.EIUE FREEDP¥lANI CHARIT ABLE SETTLEMF.NT COFITEJYTS Pa2e TrLlStees" Report Ind¢peiideiit Exaininer s Report Srateii)eiit of Financial Aciii'iti¢s Balai)ce Slieet Statement of Cash Floiks Totes to thc Fii)an¢ial Stat¢ineiits 10-15 Pa(Tc I THE LOL,IS AN'D VALERIE FREED￿lAN CHARITABLE SErrLEIIEf4T TRUSTEES, REPORT 18 MOYTHS ENDED 30 SEPTEMBER 2025 Tlie trustees presei)t their report alonts ii'ith the fii)ancial stateiiiellfs of the cliarits, for the eicNlitecii- ii)ontli period ended 30 Septeiiiber 2025. The financial stateiiients liai"e been prcpared iii accordance ¥itl) accolintiiig policies set out iii note I to the accounts aiid compl), iirith the cliarity s trusi deed, Ihc Charities Act 201 l and Accoiiiitiiig and Reporting b). Charities= Statement of Recoinmcnded Practice applicable to cl)ariEie% preparing tlieir accoiints in accordancc ii.ith the Financial Rcp)rting Standard applicable iii the UK aiid Repiiblic of Ireland published on 16 JLII). 2014. OBJECTIVES AND ACTIVITIES IN THE PUBLIC IliTEREST Tl)e objectii'es of the trust are io promote and bei)efit sucli charifable caiLS¢S as tlie Freedn)an f8milJ in its broader sense delemiine shoiild receii-e benefit. This ii'ill iiortnall). tak¢ the fomi of granl-lnoking. The triislc¢5 liaN¢ d¢¢ided ihai ihis objective should be achieved l)oih by periodicall). buildii)(p lip successi%'e ¢Tidoivment fiiiids for significant projccts or donatioiis to be mad¢ in ineinori, of il)e foLiiiders of tlie trLlSt and, at ilie saiiie lini¢. b}"" Inakin2 ¢hariiable doiiations to ihose causes tliat tlie li'iisiees coi)sider are in Wbeed of assistance. guid¢d b)." meinbers of Ilie Frecdman family iii parliciilar. The cliarit), has in tlic past given a gignificaiit proportioii of ils grants iiito ilie area of Biirnhatn in Biickingliamsliirc i¥liere the Freedinan f￿1111). lived for man). years eiiher directl). or through the BLiriiliaiii Health Promotion Trust (BHiyf), a Irust established bi. Mr Loiiis Freedillaii lo proinote good liealth and liealtli edii¢alion to the people of Burnliam. The ¢li&Tiiy lias receii'cd an application for fiiiiding froin BHPT, Ivhich il'as unablc to find alternatii'e sources of finance. As ilie triist i%'aiited lo help BHPT to r¢laiii tlie Inoii)entutll tl)at lias been deireloped in tlie cominunit)" Ili¢ trLlSt¢cs hai'e agreed io coiitiiiue to SLlPPOrt it bui Iiaie decided to stop the aniiual grant and liaiye instead proijided grants to it to enable il to delivcr Inenlal health se￿,1cc5 iii Biirsiham and ￿[ant siipport to Biirnhain primars. schools. Ani. futiire siipport for BHPT is eipected to be bi" Iva), of fiiiidiiiu specific projects. Tlie charity also supported varioiis otlier charilable causes ii.hicli In¢mbers of the Freedm2TI famil) brolight to tlic trustees io consider. Donations ii.ill coiiliiiu¢ lo be related to areas of interest of the Freedinaii fainil),, and also to coiiliniie io siipport ar¢as of ii)i¢resl of t1￿ lalc Loiiis & Valerie Freediiian. Tlie Triislees coiifinii that they paid diie regard to tlie Charit). Cominission'5 guidance on public bei)efit iillhei) decidiiig ivliat aclii--ities ilie Cliarit!- LiiidcitooL in ihe pcriod ai)d iii plani)ing ii'liat actiiyities il shoiild Liiidei1ake in ili¢ fuliire. The grdllt iiiakiiig IKilic)' is set oiit beloii. The Triistees Loiifirm 1111( t the graiils ￿ferred Ilierein I￿.erC for tlie bencfit of tlie piiblic. PROCEDURES AND GRANT-MAKING POLICY Tlie iriistees Iiieet periodicall), {ai)d are also in regiili)r coniA¢t) to coiisider ivliat grants ilie)r iiiill iiiake nd to reviei%' ai)), feedback il)eJ' hai"c rcceii'ed relAtili￿ ro past donatioiis. Tlie IrLlSte¢s i-eceii'e ii)Jii)' applicatioi1s for asSlStan¢e bLIt are norivall), minded to Iielp tllose ivith a liiik io the Frecdinail faiiiils,. Fiiiiliei., thc triistccs iiiiyitc api)licatioiis for fundinn froii) tlie Iluiiihaiii HeAltli Proiiiotion Triist, a ielated charily also established bi, Louis Freedman. Tlie trust doiiati01is and adiniiiistralioi) is haiidled b!. a parl limc en)plo)Tee of Hiighcs Collett Ltd, tlie tii'i)) IkhiLli als() liandlei tl)e fiiiaiicial affairs of rhe charili.. iiicliiding preparalion of Ilic aeLOLinfS. Tlie triistee Fi-anLi5 I liiglies is pi'iiicipal of iliis firiii. The ai))oiiiil Pc?id foi. Ihesc serwiccs li a% £9.000 (2024 £7.170). THE I.OUIS AND VALERIE FREEDNIAN CHARITABLE SETtLEMENr TRUSTEES, REPORT 18 MONITHS EP*DED 30 SEPTEVABER 2025 conlinued ACHIEVEMENTS AliD PERFORMANCE OF THE TRLST Tlie triistees receiired i)rant reqLieslS in tlie period, all of ii.hi¢li ii.ere given tlieir coiisideratioii. The trustees made fiirther orants lotalling £107,46i and these doiialioiis Ii'er¢ in ilie folloii.iiig areas of cliariiable actiN'iiies'. Mcdical ResearchlHcaltlVSicknes5 £75.000 CliildrenlEducatioii £3*,465 Tli¢ trihsices are deliglitcd i%"iih the impact their donatioiis hai-e Inade io tlie caiises s41pporied. FINANCIAL REVIEW 'ri)e trusi is r¢liant on th¢ in¢oiiie froni its investmeiits Ii"lii¢li. incliiding bank iiitcresl, for Ilie eiuliteen- nioiitli period amollllted lo £177.890 (?0?4 (lii'cli'e iiionilis) - £113:378). This iiicoine fa¢ilitated tl)e liarity. 5 aclivities in the eighteen-month period to 30 Scpieinber 1025. INVESTMENT POLICY AND PERFORMANCE The triist'5 ini'estment sirale8N' is to set a target iiiveslmei)t s'ield of ) /0 incoine per ani)Llln and to eslablisli a defeiisive iiivestinent policy ii.ith thc charit) s investineiil iiiaiiagers J M Fii)ii & Co in order to proleel tl)e value of th¢ eapilal and income of tlic cliAril}' iii real ierins oi'er tlie Inediuiii term. Ali investiiient 5'ield of 4.140/0 (2024 - 2.75tl/o} li'as acliieiped iii th¢ period, based on tlie ai'erage of tlie qiiarterl), Inarket values of tlie wrtfolio diiring ihe period. The iiiveqtiiicnls had a tnarket value Nt 30 Sepiember ?025 of £4,458.265 against a YaliiAtion at ihe 5 April 2024 of £4,22S,468, an iiicr¢ase of 5.51°h. Total g%iins diiring ilie eighteen-month period ended 30 Septeinber ?025 ainoiinid to £304,340. 1I1)ich i.as coiiiprised of r¢alised losses of £125.580 and iinrcalised gains on the rei'aluatl011 of tlie w)ftfolio a5 at 30 Septeniber 2025 of £429,920. Tlie iniJesimei)t perfomiance in 2025 is al tlie lei'el ilie Trustees ii'ould expect based oil tl)e lei'el of I'isk tliat Ilie), hai'¢ agrecd iviil) tlie bToke￿ as part of A total reiurn straieg), to eiisLiir tl)e Capital of thc CliaTitable Triisl is not croded b). ii)flalion. Tlie brokers rcmain satisfied (liat ilie ini'esliiieiils are of goLxI qiialit), biit coi)tii)uc to ii)onilor ihe rclatii'e exposiire of tlie tK)rtfolio to ditrerent sectors io preserve tlie capital baK. RISK MANAGEMb:h -rile cliarit)'"s tll15te¢s liaiie coiisidcred Ilic major risks to i%,hich ilie cliai"ity". is exposed aiid Iiave reNieii'ed those risks aiid cstablisliu1 s)'stClll8 aiid pro¢ediires to Inaiiage tliose risks. Tlic triislces coiisider i'ariabilit). of inijeslffleiil tetums 011 11)e pern)aiieiit endoiiiEnciit to ¢oiislitiite tlie Cliariiy s Inajor risk. Iii ordei. lo initiEate tliis ri>k the trustees liaire set ille ii)I'¢stineiil Ilianagcrs ic target ini-¢511neiit }'ield o130/• per aiinihm aiid ali iiiKiesliiieiit objectii'e is to proiect ili¢ i'alue of ilie capital aiid iiicosiic iii rcal ternis oi'er tlie ii)ediuiii tem). rh¢ tril￿ee5 keep tlieir elioicc of iilllcstiiieiil maiiagcrs iindei" actii'e considcratioii. The ini'estmeni Iniiiagcis iiiai)ag¢ this objective foi. th¢ 8ril) s portfolio iiiidei a dhscrdionarj. nianag¢ineni agreenieiit iiiider poiiei's gi'aiiteLI to tlie chai'il5' 'i¢ Charit), Coiiiini%sioiiers iii ali ord¢r sealcd oil 17 Decciiibei 1996. Paoe 3 THE I.OUIS AND VALERIE FREEDMAN CHARITABLL SE"I"I'LEMEhY' TRUSTEES, REPORT 18 IWIONTHS E￿DED 30 SEPTENqBER 2024 continiieil IiESERVES Tlie trLlStees reseri'e polic), is noii. to retain siifficieiii capiial assets io geiietatc ali incoine to eiiable ilie cliarit}' to pa). oiil belii'een £90,000 and £120.000 per s'ear. Th¢ ifL151ees do Ilot aiiii to ii)aiiiraiii a niiiiiiiiiiiii casli balance biii the trLlS1-s ini'estment manaoers Iiaire iniiesied fiinds iii excess of £200.000 iii fiinds tliat are readil). 8c¢essible ai all iiines. Tlie i'aliie of capital ass¢iS al ili¢ balance slieei date il.as £4,535,640 (?024 _ £4,271.992)- '1-l)e ¢apiial ueiiernied an in¢oine of £177,890 12024 - £113,378). The iriislee5 Inad¢ casli donaiioiis of £132,465 diiriiiiy tlie period of iillicl) £?i:000 relaled to a pledgc to siipport iniliaiii'es laiiiiclicd b>. BHPT last )'C1c r biit i%.lii¢h il'as paid in ?02412i. The tnistees ar¢ confident {l￿t Ih¢ir iiicotne ill ciiable iliein lo coiilii)Iie nioking donatioiis of at leasi £90,000 a )'¢ar to achiei'e tlic charit) s fuliire objeetil'es. -Flic Ir1151¢¢s 11'ill rei'icii. aiid Inake appropri21e adjustiiieiits to the r¢sen'e policy dLirin(r ilie }'ear ei)ded JO Sepleiiiber 2026 in tlie liglit of iiivestmeni retiin)s during tliat )'ear. Tlie trustees liave asses5¢d the Inajor risks to ii,liicli the charits, is e.Xp0￿d, in particiilar ihose I'¢lated to Ihe operatioiis and finances of th¢ cl)arity. and ar¢ satisfied tlial s)'51ci)Is are iii pl&¢e 10 iiiitigalc ekposiire to tliose risks. PLANS FOR THE FUTURE Tlie irustees 1s.ill coiiliiiiic to examiiie donatioii Itqiiesis carefull), aiid ii'ill mak-e donations to tliose cliarilable caiises 11.liicli are selected. rolloii'iiig rlie pliaseil ii'iilidia¥i'al of ils siipw)rt of B14PT aiid dlie to ilic fact iliat BHPT l)ad Ilot iKeii abl¢ to find Iilteriiatiire soiiices of fiiiaiice diie to ilic size of its eildoivmciil, bLIt iiisli¢d io 11)aiiitaiii ils ciii-r¢iil leK'el of activil)., tlle tl'LlStee5 rei'ieiycd an applicatioii froiii BHPT to resiiillc siippoitiiig il al a l¢iiel of lip to £60,000 per ssibilit}' ol-iiiaLiiig a larger capiial gi'aiil (o a proj¢¢t if oiie tlie), li isli 10 SllPPOrt is id¢iiiified. SI'IIUCTURE, GOVERNANCE AND MANACEMENI" 'ri)e trusi is ali iinii)cori)orntcd ti-lisi. coiislitiited Liiidcr a iru5t deed datcd 26 F¢briiar)' 1976 ai)Il is a reoistered cliarit). niiinbei. 271067. -Ilic tl'l15t li'as esiablislied bi. ali iiiitial gift fri?iii Loiiis freediiian iii 1976: tolloiicd b). gifts to tlic cliaril), fi'osll varii)IlS Loinp.g11ies iliai Loiiis l.r¢tdiiiaii ￿lSSIste(l diii'jni> Iiis prof¢ssioiial life aiid leuacics Pilll'er 10 appl). Ilie fiiiids iii SLLCI) 1< 11)aiiiier as ilici- Iliiiik fil. to 01- Foi- tlie benefil of illll, Lhai'italile ol)jeLi or piirpose. Tlie ii'iisl diics 1i(7t actii'eli. liiiidr<2iSC lid s¢ÉL% 10 Loiiliiiiie lo I￿llery1 cliai'itics in 11)eiiiori' (If ilie Paoe 4 THE LOLIS AND I'ALERIE FREED.%IAN CHARITABLE sF.￿LE￿IETr4T TRUSTEES, REPORT 18 MOINTHS ENDED 30 SEPTEIMBER 2024 STRLcfuRE, GOVERNANCF. AND MANAGEMENT (conlinue(l) -Ilie poii.ers to appoint iieii. triistecs inilially i'ested In the original settlor of ilie Irust, tA)uis Fr¢ednian, iii liis lifetiine aiid aficr l)is d¢atli i'ested ii) his ii-idoiv Valerie Freedman duiino l)ei lifeliiiie. Noii, tli81 boili Mr aiid Mrs Freed11i1c li hai'e died. ilie poiier of appoiiiiing neil" trustee5 Iiests in tli¥ COI)iillLiing Ii'iistces. oiie of ii.liolli is a iiieniber of tlie Freedman famil). and one of ii,honi a professioi)al adi'iser to the fainil J. oi'er man), )'eai's. -riie Iriisiees keep ilie skills rcqiiireineni For theinseli'¢s linder reiiieiy aiid in Il)e ei(ci)t tl)at a triistee pem)aiiei)tl)' l'eti￿ or it is dccided that ilei￿. Irustees are required. tlie trustecs ii'oiild initiall J." geek appliLalions froin ilie Freedinaii fainily. In the filial selection of ani iieiv tiusices tl)e i'ieii's of Philip Freediiian, Clii'e Freednian aiid Marali'n ferrier ii'oiild taken into account. Hoii."ei'er. the iiltiinat¢ decisioii oil seleclioii is a Inalter for lh¢ eiisiiiiu Iriistees. NN'li¢r¢ tlier¢ is a reqiiireinent for neil" trLlStecs, Iliese ii-.ould be ideiitified aild app0ii)tcd b)J Il)e JEii)aii)iiig trlistee. Tlie reiiiaiiiiiig IrLisiee ii.ould be respoiisibl¢ for ihe iiidiiclioii of aii). iieii,l)' ppointed irLlStee. Tliis i%-oiild ini'oli'e eiisiirinu Ihe ncii. triisiee reeeii-¢d copies of il)e goi'eniiilu dociiincnt, adiniiiistntiye proccdures. the histor)" aild approacli of tl)c ¢liarit}"' ai)d lis ini'estn)¢iit poliries. Aii)J iiLiI' Irustee ii'oiild also rcceii'e copies of triisiees" iliiniites. copies of thc last tliree )'eai's of aiiiiiial retK)rts aiid accoiinls. a cop). of il)e goi'eriiiiio triist de¢d aiid a cop). of il)e Cliai'it), Coininissioiiers giiidaiicc"Tlie Esseiitial Triistee -11.""lial ) ou iieed io knioii,, ii,lial )'oii need io do" The ti-listecs Iso atteiid regiilar In¢etii)gs ii-liereb!. IrLlStees are iipdated aboiil cl]aiiues ii,liicli iinpact 011 ilie i.'ork of tlie ch¢Trrity' and tlieir rolc as Ttustees. KF.Y MANAGEMF.NT VERSONNEL RE,MUNERATION continued Tlie triisle¢s coiisider the boaid of trustees a5 eoinprising tl)e ke)T iii#iiaveiiieiil persoiii)el of Ilie cliic ril), ii) cliargye of direcling and Loiiirollin£ tlie charitt aiid niiining aiid operatiiig ilie cliai'it!, 01) a da)'_lo-das' basis. All il'lisiees gil'e frecl}' of Ilieir 1111)e and no triistee rcii)Iiiierniioii ii'8s paid in ilie period. t)elails of iriistees, eipe1i5¢5 and relaied party iraiisactions arc disclosed iii nol¢ ? Éo thc aceoiiiits. REFF,REN'CE AND ADMINISTRATIVE INFOIINIATION Ti'iistecs M. A. G. ferricr r. H. Hil￿1)eS r..A. k"re¢diiian Pi-incip81 Office Bridge Hoiise I I Creek" Ri)ad Casl Nlolesei, %iirr¢}' KT8 9LIE In(leiicnilenl Eiiniillcr CINI Biicli Bircli Kiddle &. Co l.ld 4 (Ji'cl)di-(I Cli)s¢ Page 5 THE LOUIS AIND I'ALERIE FREEDMAN CHARIT ABLE SETTLE￿IENT TRUSTEES, REPORT 18 Mof*THS ENDED 30 SEPTEMBER 2025 ¢tsnlinued REFERENCL AND ADMIN'ISTEIATIIFF. INFOR￿lATIo11, {conlinued) Bankers NArlVcsr Baiik l Higli Street Veybridoe Siirre). KT13 8UA Ini'estment Managers J riiiii & Co 25 Copiliall Ai'eiilie Loiidon EC2R 7AH TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATF,MENTS Tl)e ¢liarit}I tiiistCC5 are resw115ible for preparing a trusiees" annual r¢port aiid fii)aiicial st&teineiits in ccordance ii'itli applicable laii, and Uiiiied Kiiigdoii) Accouiiting Siandards (Uilited Kiiigdon) Geiiei'ally Acc¢pi¢d Accoiiiiting Practice). Tl)c laiv applicable to cliarities iii Ei)glaiid and Illales rtqiiires Ilic cliaril), Iiiistecs lo prepilrc fiiTraiicial slateiiicnls foi. eacli i)eriod ii.liicli oii'c a iriie ai)d fair i-ieii. of the stale ofaffairs of ilie charity aiid ot. tlic iiicoi))iiig resoiirees xiid ai)plicatioii of rcsolirces. of tli¢ cliarit). for iliat i)eriod. li) PlEparina ilic finaii¢ial stateiiifnis ilie ti'iislee5 ar¢ reqliired to- select siiitablc a¢eoiiiitiiiu policies aiid tlicii appls, tliein coiisi5teiiil)'- obsen'e tlie mEiliods Iiiid priiiciples iii the as)pliLable Charilies SORP: • Inake jiidgeiii¢iilq ai)d cstiinates tliat ieasoiiable and priideiit- stale ii.lieilier ai)i)Iic£ible accoiiiitiiig slaiiclard5 liai'e beeii follo¥i'ed, subject to an!, 11)alerial dcpilrtiires tl)at Iiiiist bc d?%closed aiicl ¢Kplaii)ed iii ilie fiiiaiicial slalen)¢iiis= pi'cyare the fii)aiicic9151¥1teineiits c)i) Ihe iYOiI)g coii¢ei-i) basis Iiiiless il is inappropriate lo The trii%lee% 1( rc r¢siK)Iisible foi. kcci)iii£ proi)er accoiiiiliiig records iliai disclose ii'itli reA501iablc •c¢ui'acy at cl11}' tiiiie tl)e tiiiaiicial positioii of ilie cliarili- aiid to eiiablc tlieiii io eiisLir¢ il)at ilie rii)- ?014 and Ilie Fiiiancial Reportiiig Siaiidard applicable iii tlie Uniled Kiii,,doin and Repiiblic of Ir¢laiid (FRS 102) aiid Ilic Chai'iti¢s ALt 2011. -Ih¢ triisl eonslitLltes a piiblic b¢iicfii entil), as defii)ed b). FRS 102. nie triistees considcr tlial ilicre ar¢ 110 Inaterial iiiicerlAiI)ties abolit ilie Twst-s abilil), to Coiilinue as a uoiiig eoncern. Iviili respect to tlie i)eNt reportinu ￿[lOd, ?025-26, the Iiiost siuiiificaiil areas of iiiiccilaint}' tliat affeci ihe cam'il)￿ i'alue ol assets lield b!. thc'li'iist al'e tlie lei.el of iniiestineni rcliirii lid tlie peiForFtiaiice of iiii'cstnient inarkets (see tlie iiii'estiiiei)I i?olic)' aiid pci'Foriiiaii¢e and risk Inaiiaoeiiieiil sec(ions of tlie iriistecs- ani)Lial report for inore inforii)atioii). Fun(1 struetiire The Cl)arit}' does i)ot Iiai-c All). resli-icled fiinds or desicyi)ated fiiiids. All ili¢ 'lriist¢es Iiiiids presei)t Geiiei'al Iliii-estricied Fiiiids ii-liicli are exi)eii(lal)le al th¢ discretioii of tl)e I riisiees in fiirtli¢i'ai)ee of tlie objccls ol- ilie Cl)arit).. Sucli fiinds Ina!. be lield in ord¢r to fiiiaiiLe boili i'orkiiig capitlc l iiid c￿p1187 iniesliiieiil Income recognitio Doiiatioiis are iiicliided li) iiicoiniiio rcsoli￿eS ii-hen ilie). 8re ieceii'able, ¢Nccpl ii'hei) tlie doi)ors sp¢cifi' tliai Ihe), iiiihsi b¢ ￿￿ed ii) fiitiire accoiiiiliii? ￿rI0({s, or ii.liei'c doiior coii(lilioiis hAI'C nDI I￿n l-liifillcd. ilie illCOLiiC is dcferred. Ini'eslincnt iii¢oiii¢ is accoiiiiicd for ii--heii receii able. Eipendiluye i-ecogiiition l.i911ilities 41re recogiliscd cis exyKiidi(uir is sooii a5 tlicre is a leoal or roi)4triictii'e ()l}ljiiatlOl1 cojiiiiiittiiig ihe chiril}' lo ill￿11 eipciidiiiiie. il is prolmble iliat seltleiiiciil ii'ill l)¥ r¥qllLI'ed ai)d tlie 411))Ollllt of ilie olilicjatioii cali be i)IcasLired rcliabl),. All ¢xi)eiidiliire ]% accounted loi. oil ali 8CCI'lllI Is ikisis. .thll eNi*115cs in¢liidii)u 511PPnrt cotsls aiid Qoi'eriiaiicc cost% raiit offer iil)Lrc settlem¢nl is eiilier iiot c0115kdei.ed piobc1ble; or • ilie c21110llllt lias not beeii coiniiiunicaied iii thc g>r(?iii offer or I1￿ ainoiiiil caiiiioi be csliii)¢qi¢d reliabli- Rel4lte(I parti, Ii'ansxclioJis.'iiiil trustee¥, eApcn5CS lind remuncratio Tlie Iriistees all i)ii'e f￿¢1) Ilicii- tiii)e.?ncl ¢Npertise ii.iilioiit aiii fomi of iemiiiieratioi) or otlicr b¢n¢fil iii Lasli or Liiid (2024.. £iiil). ,lie%. a Inislee: i)I'oi'idcd aLcoiiiilTEMBER 202$ Fiiecl issct ini'estinents (Continu￿1) Net gainsl(losses) on inl'estments: 18 month5 enile41 30 Septeniher Year ended S April 2024 Nel realiscd (losses)ltsains on di5￿>$alS in tlie period Nel iinrealised gnins in tlie pcriod (12i,580) 429.920 i.643 89,109 Nel gaills OD in3estments 304,340 92,752 Listed ini'estmeiits 30 Septcmber 2025 5 April 2024 F.qiiities Fi.%eil iiiterest cqiiiiies Goveriiiiielll bonds 4,047,010 96.685 )14.570 3,797,925 87,382 J40,161 4,458,265 4,225.468 Tlie sigiiificaiice of fii)aiicial iiistriiiiieiirs to the oii£oino finaiicial sustaiiiabilii)'- of Ilie Triisl is coiisiilcred iii tli¢ finaiici£il rci'i¢ii- And iiii'e%lilleiii i)olics' ai)d perfonni< nc¢ seLtioi)s of ihe Tnistees Aiiiiiial Reiiort. Debtois 30 Sei)teii)btr 5 April 2024 ALci'ii¢d iiii'cstiiieiit iiicoiiie 2.809 C.'reililori- amviints falling due ii'ithin one l'ear JD Septeiiiber Apj'il 2024 Acci'iicd don￿￿tio1}S ALLJ'Lied adini1iist￿17￿'e eipL'ns¢ l O.iOO ¥,670 10.iOO -33.670 PAoe 14 THE LOUIS AND VALERIE FREEDMAN CHARITABLE SETTLEMENT NOTES TO THE FIN'ANCIAL STATE.MENV 18 LIqOP*THS ENDED 30 SEPTEMBER 2025 Rcconeilialion of net moi'ement in funds to nel tash floii. froiii operating actii'ilies J8 niollihs en(l¢d YeAI- cniled 30 Septeml)er 2025 2024 Net Inoi'eineiii iii fiiiids DedLi¢I Iiii'esliiient & other incownc Dediict oain> 011 illl'CStineiiti Decrease/(Increa5e) li) debtoi's (De¢iEaseyliicrease iii creditors 313,648 {177,8901 {304,340) 464 (23,170) 76,510 (113,378) (94,752) (1,955) 26,170 1191,288) {105.405) Doilations Tlie "l-rLlSt¢cs liai'e made a iiuniber of ￿rantS lo iiisiillltioiis iii Ilie cutTent period, 1111 of ii,liicli fLii11ier Ili¢ objcctii'es of ilic charit).. as folloii's: 18 month5 ended Year en(led 30 Septembei. S Api-il 2025 2024 Me(li¢al Re5car¢hlHeolthlSickne55 Piirpose oCclonAtion Burnliaiii HiL21ih Promi)lion ITUSt Men14ry1 hriilih 5llPWrt iO.(bOO 25.0(X> EMN.IAUS CThmbrid*e Support for the honi¢1¢5S 10,0 rille Ccll Il'ork Rehn ol priNonifs 10.000 KliiltiiiiL> Frvi)Ilir¢s 14utnattliari￿I iiiLJicrositiie C'aÈKil UK 10.(K)o pril'LIIIKIII iil'talicir IOT ihL blind 5.000 iixriii- Illind R(lLeo(y￿ c.lllb 15.000 oiing 4,000 Tot'il Medicql Ileseai-IlilHealthlSicknf55 7).00 44,000 THE LOUIS AND VALERIE FREED.IqAN CHARITABLF. SETTLEMENT .NOTES TO THF. FINANI'CIAL sTATE￿IE￿Ts 18 IIIOINTHS E.NDED 30 SEPTF.NIBER 2025 Donation5 (rontinued) 18 nionths ended Vear enilc 30 Soi)teJnber S Api'il 202) 2024 CliildrenlEdueatioll Purpose of donalion BU￿11￿￿7 Hlalih l)ronithioD-I ￿*1 Prillij￿. %chool sllPP)ti Siipw)rt lu ill)proi'ediildrcn % ?4.67 j 10.000 Supporf Inr rJrli" leaniino Ihild car i 0,000 Total Chil(IiYnlE(liiralivn j?.465 i4.67) Aninial IV¢lfAre Purpose of (lo￿%(10[b Irdj])jiig 1l4liilJo￿ C-Jre ol'riliTcd ratihi)r￿& 10,0 TO'fAL DONATIONS 107.46) 88,67%