ST EDMUNDS TRUST (A CompAny Limited by Guarantee) Gov¢mors' Rep)rt and Financial Siatements Year Ended 30 June 2025 ST EDMUNDS TRUST (A Company Lirnited by Guargntee) Annual repDrt ¥4nd financial Ststements fDr the year ended 311 JDne 2025 C•ntents Pllge: Refemjcc and admiDistrauve details Report of the Governors Rqjort of the Indepenknt F￿]ft Statcmcnt of financial activitics incorpordting inc(mie and expenth'llwe account Balance Sheet 9-16. Notes forming part of th¢ financial ststements Governors S Brown (Rasigned 5 December 2024) K Vaugban {R¢signed S D¢¢¢mber 2024) Hom (Chairllw) H Sonnet (Resi￿ed l December 20251 J Giirnour I Shipp J Wakelarn C Minctt (Re%igncd 3 Scpternber 2024) D Patterson M Clarke IAppointed S December 2024) S Hughcs {Appointcd 3 s￿tel￿1>Cr 2025) L Reseigh {Appointed l Decetnber 2025) Secretsry aDd registered oifi¢e G D Kirk, 146 Kings Road Suite la, Linden Square, 146 Kings Road, Bury St &lnllmds, Suffolk, IP33 3DJ Registcred company number 01296735 RegisteTed ¢harity number 273357 Independertt Etsminer Whitings LLP, Greenwood House, Gieenwood Court, Skyliner Way. Bury St Edmunds, Suffolk, IP32 7GY ST EDMUNDS TRUST {A LompAny Lill￿ted b), Guaralltee) Report of the Governors lor the year ended 30¢b Ju#t 2025 Th¢ Govemors present tbeir at]nual report together with the indqJendetJtly cxamin¢d financial statements of th¢ charitable compally for the year ended 30 Junc 2025. The Governor5 confirm that the annual rewrt and financial slatemcnts comply with the cumt stsmtory requirements, the requirements of the clwitablc company's governing document, the Charihes Act 2011 and th¢ provisions of the Statement of Recommended Prnciice (SORP) applicablc to ch￿tICs prcparÈng their accounts in accordance with the Financial Reporting Standsrd applicable in the UK and Republic of Jrelond ITrIiS 1 02) (published October 2019). Reference and adtninistrative illfortnation set out on page I fornis part of th]"s rewrt. Ststement r>f GoverDors' respoDsibilities The Governors (who are also ilirectors of St Edtnunds Trust for th¢ FWKJSCS ol. conwany lawl are r¢wnsiblc for preparing the Governors, rep￿ and the financial statements in awordancc applicablc law and United Kmgdom Accounting 8tandartts Iunitcd Kingdom CJ¢ncrally Acccptcd Acco￿tIng Practice). CompaJ]y law requires the Governors to prepate r]nancial siatements for ¢ach finan¢iai year. Under rDpany law the Governors inust not approve the flljancial statement% Unless th¢y ar¢ satisfid that ihey give a and fair view of ihe state of dffairs of the chaTitable company and of the incoming r¢M)urces and application of resources, includLng the Income and expenditure, of the charitable conwy for that period. In preparing th¢5e financia] Matements. the Governors are r4uired to.. sclcct suitable accounting policies and t1￿ apply them consistently: observe the meth(Mts and principles in the Chariti¢s SORP 2019 IfRS102).' make jud8emerLts and accounting estimates that ar¢ r¢a50Dabl¢ and pn￿ent. prepar¢ th¢ fiDan¢iai tsta1¢m￿ts ou thc goiugy concern basis unless it is inappropriate to presume that the ¢haritablc company will conlinuc in i)pcration. The CiovernoTh arc r¢.spon.siblc f()r k¢¢ping adequate accounting records that are sufficieni to show and explain the charitsblc cornpony's tronsactions and disclose with reasonable accmcy at ￿Y time the firkincia] position of thc charitsblc company and enable thcm to ensure that the financia] $taiements ¢omply the Companies Act 2(X16. They are also responsible for safeguaTdllLg the assets of th¢ charitable company and hence for taking re&wnablc stcps fuT the prevention and detection of fraud and oth irregularities. ST EDMUNDS TRUST (A Company Limlted by Guarantee) Report of tbe GoverDor& for the year ended 30 Jutte 2025 (¢ontinued) strnt￿r& governance and management Governance gnd Mana rnent The company is a rewstcred ch8rity and is limit￿ by guaranlLY. The company is governed by its Mernorandum and Articles dxted 2 Fcbnw 1977. The Governors ofthe Trust delerniine the general poliry of the ¢ompany. Recruiiment and A ntmenl of New GovemoTS N¢w gov¢mors are ¢le¢t¢d at th¢ Annual General Meeting. Th¢ board of Governots aims to maintain a broad rangc of cx[￿tISC and skills appropriat¢ ¢0 th¢ ￿tisfactOry fun¢tioJting of th¢ charity toEcth¢r with thc aim (Trf mccting its charitable objectives. When considering new CJavernoTS, regard is rnade to th¢ professional skills requ]red. The individua15 are then approached to offer themselves for elkxtiorL nisation The charity is m8naged by the Governors who are elected 91￿UallY at the Annual General Meeting. It sball consisi of not than three Govemors wkn are elected for a peTiod of three yeatE. No Governor may be re- ¢1￿{￿ for more thau 6 yGqrs utdess they have Ixen elect￿1 &$ Cbaimmn ill wbith case they n)ay setv¢ for a fillth¢r 3 b¢for¢ rrfIr¢n￿. The CK>vernors who s¢ryed during the y&qr 4md sin¢e the year end are lisr¢d on page l. Thc Govcrnors h&v¢ ¢xamirt¢d th¢ major opet31iona] risks whi¢h th¢ Tll￿1 fa¢¢s and ¢onfimi th¢y gr¢ s&tisficd that they contiELUC to athtrrss those risks in the course of their ungoing ￿tiVitIeS. Objettives and activities The objects of the T￿￿t are to relieve sickn¢ss for the public b¢n¢fit by ulakll￿ grants to OtBallisations in West Suffolk and Sudbury providing tr¢alm¢ni car¢ or supikn to sick or th'sabled ￿rSOn$. Publie Bellefii st1￿ment The Govemor5 have complied with th¢ thity io havc duc rcgard to th¢ public b¢n¢fit gu]dan￿ publish¢d by the Charity COnMll￿I0n. Thc main objtttiv¢ of the Tru# is io prO￿lde fiw¢ia] a￿ls￿nCe and io ¢00￿e with other charilable orwllsations in Wcst Suffolk who in turn arc providj.ng trcatmcnl or carc of sick or d]"sablcd pcrson5. Thc TnLSt aims to contribute public benefit to those in need who live or work In the West Suffolk area. Tbc Erants made during the yw, as set out in note 5 show how we have beell able to support ll￿ly diff¢r¢llt Organisatio￿ and thus achieve a broad public benefit. ST EDMUNDS TRUST (A Company IAmited by Cuarantee) Report of the Governorn for the year ended June 2025 (continued} Granis Polic The Trust inviics 4)p]ications for funding of pmj(xts that arc consistcnl with its charitable obj'ectives. Appli¢ations corysithwd by th¢ GovcrnoTS to idcntify thosc that arc m(tst &ppropriE41c to 8UPPOrt. The grdnts made to organisations dwing the year end are SIM)￿] in note 5 of the finaneial stslemcnts. Investtnent Powers Under th¢ Mmorandum and Articles of A$8oeiation, the Trnst ha8 th¢ pctw¢r to mak¢ any inY¢sknent which the Cwvernors see fit. Funds are invGst¢d in collective investment fund￿ held with two investrnent managers. Perfom)ance of these inv&8lJnents is actively reviewed by the Governors throughout the year. Aehieyemeut aDd PerfOr￿An¢e *nd finxDeixl review The Sta¢meni of FitIan¢i￿ A¢tiNiLi¢s and Balance Sh¢¢i w¢ set out on pages 7 - 8, together with the accompanying notes and details of the fi￿d movements in the year on pa8es 9- 16 Net income for the yegr amounted to £36,542 (2024- £13,694). Tneome ha8 beeTt der]'ved from inv¢stm¢nt income. Expellditutt has consisied mainly of wts made in accordance with the Tnisl's objective4 further deiail of whiEh call fvuTKI in noie S io the finartcial ￿ateme[lts. Th¢ TnLSt's stock market investments have shown aD illcTease ill value this year, as markets have stabilised st uncertaintses and initial Si￿11ficant price rises due to the ongoing war in Ukraine. The Govcrnors continue to monitor tbe p)sition and, wid] the help of the inV￿tt￿ent managers. balance exposure to risk with the need for income when lookn'n8 at investing ftDyLs. The Governots, policy on reseTves is to kcep sUtTicient c&sh reserves to enable substantial g￿ts to bc mansibiiities for complying with the requirements of the Act with respect to accouming records and the preparation of fir￿n¢la1 statements. The hnallcial 5tatcm¢nts W¢T¢ approv¢d and authoris*d for issu¢ by the Govetllors on 6 Matth 2026 atld Slgned on theiTbehall. by.. IY Horn Ch#firman M Clarke lyovernor Company Registrdtion Number". 01296735 The notes on pages 9 10 16 forn) part of thcsc financial statemcnls. ST EDMUNDS TRUST (A Company Lirnited by Gu&raDlee) Notes fornthig part of the statements for the year ended 30 June 21125 Accountltsg polldes Basi5 ofpreparatiQrt srotements St Edmun(Ls Trusi is a company limited by guardntee incorpordtcd in England. It is also a registered charity 8nd subjcct tts re8u13tion of thc Charitics Commiuian. 'fh¢ addrL%S ofits rcgistcred officc is 146 Kings Road Suit£ l{ Lindcn Squarc, 146 KiT]&8 Roa4 Bury St EdmuTMts. Suffolk, tP33 3DJ. Thc financial sta¢cmcnts havc p￿[¢d in ￿e0rdanc¢ with Accounting and Reporting by Charitie5.' Statement of RecOm￿ended Practicc applicable (o Charities prcparing thcir accounts in accithrx with the Financial Reporting Standard applicable in thc UK and Rqjublic of Ircland (FRSI 02) (published October 2019)- Charities SORP (bRS 102)), the Pinancial Re￿rting Standard appts'cable in the UK aJMI Repub]ic of ]Teland {FRS 1021 and the Companies AL'i 2¢X)6. St Edmunds TnLSt meets the def]nitiOn of a public benefit entity undcr fRS 102. Assets and liabiliti￿ are Initi￿lY measured al histori¢al Cost or tranwtioll value unl¢ss oth¢rwisc slatcd in thc relevant accounting policy. Copwny The Trust is a ¢omp8ny limited by gu8ratJt¢¢ and h&$ no sbar¢ ¢)pit&l. Ea¢h member of the charity is a guarantor and undcrtakcs lo contributc lo thc asscts of thc charity., in the event of it being wound up. an amount not ¢xcceding £1. The totAI number of mcmbcrs shall rrf)t cxcccd 50. InLome All incomc is rccogniscd oncc thc cornpany has cntitlcment lo thc incomc, it is probable that the in¢ome be receii'ed and the amount of income receiN'able can be Teliably MeLsUr￿. Erpcnth"INre Expenditure is recogllised once there 15 a leg1 or Constructive obligation to transfer economic bcn¢fit to a third party, It is probable that a transf¢r of c¢onomi¢ bcn¢fits Trill bc requ￿ed in settlement and the amount of the obligation can be measured reliably. Grants payable arc ch￿ged in thc year whcn thc offcr is madc exccpt in those case5 where the offer is ¢￿dItional. such gTants being recngnised as expenth'ture when the condits'ons attaching are fidrilled. GTants offered subject to conditions which have not been rnet at the Ye￿ end are tmlted as con]llutmcnt, but not aCc￿cd a5 ¢XPCDditur¢. Inv£slments Fixed asset investments are a fomi of fjnancial in5tt7]ment and are inittally re¢ognJsed at their ttwaction ¢ost and gllbsequently measured at fair value at the Balan¢e sheet date, unless fair value caDnot be ￿e&sured reb.ably in whLcb ¢￿t il is measuted at cos( le5S itllpajtll￿nt. Investtnent ga and losses. whethcr rca]ised or unrealisc(L arc combined and shoNNTr in the heading 'Gain&l{losses) on inv(stsncnts' in thc Ststcmcnt of FiTJan¢ial Activitics incorporating ts incoTnc and cxpcnth'turc account. Debtors Accrued income is valued at the amount receivable at the Balance sheet date. ST EDMUNDS TRUST (A Company IAThitrd by Guarantee) J¥oteJ forming part of the fi￿ncilI ststemellts for the year ended 30 June 2025 (eontiDued) know)ting poJici¢s (CODtinued) Cwh al bankund th hond Cash at bank and in Iwid includes L8sh and short tenn highly liquid inv¢sttn¢nt5 with a short maturrity of three rnonths or 1¢55 from th¢ d&te of acquisition OT opening of the deposit or similar account. LiabIlEti￿ andproviyio Liabilities are recognised when there is an obligation at thc BAIAncc shc¢t date as 8 result of a pa evenl it is probablc that a tratL8fcr of cconoTnic bcn¢fit wll bc rcquired in settlemenl and the amoullt of th¢ 5¢tt1¢n]eDt can be estimated reliably. Liabilities are recogmsed at the amount that the LUTnpany anbcipat¢s it will pay to settle the debt or the amounl it has receivd as advanced pdymeDts. for ihe go(th or services it must provide. Fro￿S1onS are measured at the best estimate of the anM)unis r¢quir¢d to settle the obligatt'on. Where the effe¢1 of the timc valuc of money 15 rnateri￿, thc provision is based on the present value of those amounis, discLiuntcd at the prc-tsx discounr rntc that refl¢¢ts the risks S￿IfiC to the liability. Tbe unwinding of the discount is recognisLxI wrytbin interest paj'able and similar charges. Financial instruments Thc company only h&$ financial assets and financial liabilities of a kind that qualify as basic financial instnnn¢nts. Basic financial inslTLtynCnts arc initially IccogniKd at trdnsaction valu¢ and subsequenily measured ai their settlement value with the excq)tion of bank lo￿8 whicb are subsequently mwured at amortised cost ￿SIrtg ihe effective interest metho(L Fund Iwcounling Gcncral fimds unrestricted ￿ndS and cotnprise of the Aecumulated li)come Fund. Th￿￿ fund% e available for use ￿ the discretion of th¢ Gov¢rnors in th¢ fi]nheran¢¢ of the genernl objcctivcs of the cbarity and which have not been designated for (Aber pwp)s¢s. D¢sigma*d funds cornprise unrestricted fimds that have been set aside by th¢ Gov¢rnors Fund for particular ptuposth. Th¢ aim Imd of dcsignatcd fund is Set out in the noles to thc financial ststcments. tnv¢stment in¢omc. gains and Io&sc5 HTC allocatcd ts) the appropnate fund. A]1 income and expenditure in 2025 and 2024 related to untt%tri¢ted fund move]nents. Going Concern Th¢ a¢¢ounts have been pr¢p8red on a goll￿ concem basis as thc Governors bclicvc that no D￿terIal uncettsinties exist. The Governors have considered the l¢v¢l of fiuMLs hcld ond th¢ Icvcl of cxpcctcd inrom¢ and ¢xp¢nth"turc for thc 12 tnonths from thc date of signing these accounts and are ￿tisfied the charity will continue as a going concern. 10 ST FDfvftENDS TRUST (A Companv IAmlt¢d by Guarantee) Notes forniing p*rt of the finan¢iai statement5 for the y￿r ended 30 June 2025 {conliDued) ED)ployee$ There w￿¢ no ¢mployees of thc charity ill either 2025 or 2024. Governors, remuneration and expense5 No reM￿eratIOn was paid to any gov¢rnor. Govcrnots, were re-imburwd ex￿[L￿eS of £nil {2024- £64) incutted On bebalf of the charity. Investment incomt 2025 2024 Collective investment fvnd income 39.066 ST EDMLWDS TRUST (A Company Limitsd b). Guarantee) NotH fonDillg part of the fittlnel￿ ststemeDts for the year tndtd 30th June 2025 (￿ntinued) Charitable aetlvities 2025 2024 Grants 7,464 7,688 21.380 {22.000) 713 19,063 25,000 22.LN)O 800 Si Nicholas Ilospice British Red Crou {desigDated doDation removed) Mobility Tnjst Abbcycroft Leisure Addenbrooke8 Bridge Project Sudbury Crohn's & Colitis UK East Angliall Air Ambuian¢e Farnilies Together Suffolk Hcadway Suffolk IT]nov8 WorL%hops Memories Are Golden Theatre Royal Bury St Edmunds Millennium Fann Trust London Hearts Suffolk Community Foundation Upbeat Ileart Suffolk 7,730 18,000 10,wo 435 24,780 15.1100 12,01)0 9,072 15,OIMI 1,699 61 35 Goverllanc¢ ¢05ts Audit and accountallcy Bank charges MisccllaDeous expens£s 2220 14 2,220 828 Total 63,953 143.648 The ciwity dÉd not undertake any activity d￿tetlY but its Charitable pury)ses by making grants tt) the atx>ve instinitions during the year. 12 ST EDMUM)S TRUST (A Company l&mitrd by Guxranlee) liote5 forniing part of the flnanci￿ stAtem¢nts for the year ended 30 JuDe 2025 (conlinued) RaisiDg fund5 2025 2024 Investment ll&wgcr fees 4 6.551 Independent Exxmitier 8 remuneration 2025 20Z4 Independent examination fee (incluth"ng VAT) 20 TaxatloD Thc charity is exempt from tax on income and gain& falling within section 505 of the T￿¢S A¢t 1988 or section 252 of the Tax￿1￿ll of Ch8xE¢abl¢ Gains Act 1992 to thc cxtent that these are applied to its charitable objects. Fixed Assel Investments 2025 2024 Movement in fixed 4sset listed investments MArk¢t V8]u¢ brought fonv8rd at l July 2024 Additions to investsnents at Cost Diswsals at canyng iTrlue Net gainl(loss) on reV￿uatiOn 1,683,735 62J43 (94,868) 69339 1,634,067 (75.159) 124,827 Marke¢ value as at 30 June 2025 Cash hcld within thc ]nW￿tMCnt portr0￿0 1.720,349 7,763 1.683.735 16,174 Total at 30 June 2025 1,728,112 1.699.909 Investment¥ gt f%lr value Comprised: F4uities Fixed interest securities Cash held within thc invL7tmcnt portfolio ,569925 150,424 7,763 1,539.329 144.406 16,174 1,72&112 1,699,909 13 ST EDMUNDS TRUST (A Comp4ny Linited by Guarantee) Note5 forming part of the stltsments for the year ended 30th Jutte 2025 (continued) Fixed Asset lDvestnkDts {contlnue41) All investments aTe Carried at th¢ir fair value. Investments in ¢quitics and fixed intercst securities are all trdded in quoted public maTkets, primarily the London Stock bx¢han8e. Iloldings comTno inveslment fiujds, unit twsts and open-ended investment componics 8r¢ at bid price. The basis of fair valu¢ for quoted invesbnents is eqwva]ent to the Malk￿ valuc, ￿$l￿g the bid price. Assd sales and purchases are recognised at the date of trade at Cost (thai is their transaciion value}. Financial irJ%tTuments are significant to the ongoing f￿ancial sustsinability of the TnL%t beca￿4t the Tntst's work is entirely reliant on the incomc and inv¢strncnt retLirns il receives fiom its investmellts. The main risk to the Trust from financial insttuments lies in a combinatii)n of uncertain investment nlarkets and volats.lity in yi¢ld. Liquidxty risk is anti¢ipat¢d to ￿ low as all investments are traded in quoted publi¢ stock nwk¢ts. The Trust mallages th¢s¢ llNe$tn￿it risks by engaging expert athisors of two investtnellt companies - J M Finn & Co Limited and BNY Mellon Trund manage￿ Limkted to act on their ￿l￿Alf. Fach Company manages a share of th¢ TnLSt's investment portfolio. io Debtors- Amounts fAUing due within one yeaT 2025 2024 AccTue4J incomc 15 15 15 15 li Creditors: amounts f*Jling due within One y¢Ar Z025 2024 Desigl)at￿ futur¢ gronts A¢cnuls 6,000 2,220 41,(K>O 2,100 211 12 Financial instruments 2025 2024 Financial a&sets measured at fairvalue 1,72&112 1,699.9( Financial a&sets mca5urcd at fair Val￿ wrnprise of investments. 14 ST EDMUI¥DS TRUST (A Company LitDttwJ by Guarantee) Notes forming part of the financial 5tAtrrneDts for th¢ year ended 30, JuDe 2025 (contKnued) 13 Analysis of net a55ets behveen fvnds- current year Accurnulated Designated ItLcome Capital Fund Fund Total RepTeseDted by:_ tovestment5 Net Cu￿ent &ssets 1,728,112 33,801 1,728,112 33,8111 1,761,913 1,761,913 ADAtysis of net a&8ets between hnds_ pre￿0￿5 year Atcumulated Designated Income Capital Fund Fund Totsi Represented by:_ tllvestments N¢t awrcnt assd5 1.669,909 25,462 1.669.909 25,462 1,725,371 1,725,371 14 Transfen behveen fun(ts During thc ycar. thc TTUStccs transf￿Cd £36.542 suryylus frorn thc Accumulatcd Income Fu]Ml to the Designated Capitsl Fund {2024_ £13.694}. 15 ST EDMiJNDS TRUST (A Company IAmited by Guarantee) Notes forn￿llg part of the flnaDcigJ JtsteDJents for the year ended 30th June 2025 (CDDtinued) 15 MDvetDeDt th funds- current y￿r Fund Balances ro Forn'ard Fund balances carried fornard Gain5 and sses Income nditure Transfers Unrestricted Accumulated income fi]nd De5ignal¢d capital fund 3¥,140 (70,837) (36542) 69239 1,725J71 36,542 1,761913 ,725J71 38,140 {70,837) 69239 1,761.913 'Ibe Designat¢d capit￿ Fund rcprcsents funds designated &$ capital at the discretAOti of tbe governo for th¢ futh fuifihnent of the Tr￿$t'S charitable purposes. Thc Accumulaicd tncome Fund rcprcsents accumulat￿ surpluses and deficits net of transf¢ry to other fi]nds. Movement ID funds- prevtous year un B4lances Bro Forward Fund ba]xnces carried forwArd G#in5 and ID¢ome ￿dIt￿re Tran5ferd Ises Unrestricted funds: Accumulated income fund DesigIialed capital fund 39.066 (150.199) (13.6941 124,827 1,711,677 13,694 1.725,371 1.711,677 39,066 (150,199 124.827 1.725.371 16 Related Partles N Horn, a I'rustee. is an cmploycc of J M Finll & Co, who nJanage8 and advises pan of the Tn￿'S investnEnl ￿ttfOliO. Fees paid to J M Fir￿ & Co durillg the year amounted to £6,884 (2024 - £6,551). 16 sr EDMUNDS TRUST (A Company IAmited by Gu&raDtee) 'll)e page whid) follows does not forn part of ihe statutory fiT)aucial statements of the cTrwity 17 ST EDI￿UNDs TRUST (A CoMp￿Y Lamitsd by Guarantee) Detailed income and expenditure aceount for the year ended 30" June 2025 2025 2024 Investment intome Collective investm¢nt fund5 38,140 39,066 3&140 39,066 Cvrnnts REACT St Nicholas Hospice British Red Llo&s (d¢sipted donatson removed) Mobility Trust Abbeycroft l£isure Addcnbrookes Bridge Project Sudbury Crohn's & Cvlitis UK E451 Angli￿ Air Ambulanc¢ Families Together Suffolk Headway Suffo]k Innov8 Workshops Memories Are Golden Th¢atr¢ ROY￿ Bury St Edmunds Millennium Farn) T￿￿1 Londoll EIearts Suffolk Community Fow]dation Upb¢at H¢•rt Suffolk 7,688 21,380 (22,000) 716 19,063 25,OIM) 22,0 800 5.000 7,730 18,0 10.0 435 24,780 15,00 12,IKIO 9,1)72 Is,￿0 1,699 {61235) {140.589) Investment and GoverDante costs Audit alld accountancy Bank chargcs tnvesiment managas f¢es .scellaDeo￿8 expenses 2,220 14 6,551 828 (9,(rf12) (9.610) Net outgoing fimds (32,697) (111,133) Jnvcsttncnt gaiDS 69239 124,827 Net nM)v¢ment in fill)ds for the year 36,542 13,694 18