HERVEY BENHAM CHARThABLE TRusr TRUSTEES. REpoirr FOR THE YEAR ENDED 28 February 2026 and admini5tFative Infmtion set tyjtij) Page l. srRucfuRE GOVERNANCE AND MANAGEMEiir The Trust estsblished by Trust Deod cffl 20 Feiyuary 1978 vthen the late Haw Benham dedded to create a trust for d￿nIAb￿ PUlFKGe& Under thi£ Trust Deed the t¥)ww to aFy)int Tru&ees, of whth thwe nx￿t te at least th￿e, is ve51ed In Tntstees ￿ the time Up to 2014 all the Trustees ￿9Ve known the founder FersOr¥g1￿, whEth t53s been a plannd thntage to the TnJ5t as tw have teen a￿e to reynd at tin*s In the way H8 would have ¢kne: as time ￿ ty this linkage betyfftn Trustees and founder will be more dIffrU￿ to maintsin. The br&th of knryéd* betr￿ the Trust￿ over t Trust's areas of ￿tty al￿ ne& to ￿ nwkntain8J. Durlr4J the year revkw ts Trustees cL)ntinu8I to consder the arouThl TnAstee $l￿e59L￿. pr¢￿e￿ Tw*15 alm1n1*￿til aNI the and objthes d the fuThd are met are set (￿t In a Managerwt Prof￿[ d¢Kuma￿ Ths a19) hdF6 malntaln tr£ [M￿rtant Ilnks for the Trustees wth the Interest and srt ofthe fDurxler. The Managerrent Protocol d￿U￿Rnt Is now supwrted by *￿rate Flnandal Conlrols and a Pdtie5 t1￿ment CCNerfng sjth areas as.. risk management. inv&wts. pJnp*kng Staff, rronagerrth¢ confllcts of irterest, safeguardlng Inerable ￿nefi0arie5, and Cry￿￿.nts haThji￿. all of wh*h are annualty as part of the Awllcatk)ns for grants a￿ wwsed Cluk to Tn&ee5, ar￿ dttlded Up￿ by the Tru*ees at their meett'ngs (nom￿lty quartwfy). F￿r meetings were durfThJ this year. and the Tntstees are pka*J to see of grart athlty remaln at a {also see paragrnth 7 b￿0W), OBJEcfivES AND ACnV[￿ The aim5 of the Tru* arei exdusfvety, to SUPlN)It. l Artistic and culbjral activit*s, whith benefft ￿ pe* of Cdchestw and the Benefiaal kn. 2 IndI￿(jUa19 w￿h kyjtentièl artlstk taknL Kr0$5 vtho are held back by phylcal or flnamal dlsadvant&Je or p&9)rk41 droJn*nc 3 The F*eservaUon of the industrtal ￿tage c* Cc4che#er a￿1 tr￿ Beneflcbl ltrea to%theT wlth ￿ marlttn* tyadltions of the Essex aTrJ Suffotk coasL 4 The p￿1vat￿ oftre kKal ltr)ry of c￿theS￿ arkl the B￿aal ARa. 5 Preservthn rfthe l• aThJ en￿ffjnMent ￿ Col(thester and tr kkl Area. The* IcL71 interests are suFforted ty grants and bans frcrfn tt* IrKtyre FurKI. ACHZEvEmEP￿ AND PERFORMAN The totsl contributh)n to the Tryl￿5 authcftsal in tr* ￿r to 28th February 2026 arrainted to £54,247 as 9Jmmarised In 7.2 (2025: £17,560}. Thi5 17 gTrnts as detsil& In Note 7.1 {2025: 12 grants). Many aP￿1¢atiOnS are reC￿*d from outside the benthlal area of the TrusL or ftr purpose5 whith do )t fft into the aix)ve aim5: tt￿e a￿ rqKJrt&l to the TnL*es and numLtr￿l O (2025: 5); in addity￿ ￿ TrLLStees ￿1n¥￿1 10 applfcatkjns in (2025." 10). HERVEY BENHAM CHARITABLE TRUST TRusfEES' REPORT . contlnued FOR THE YEAR ENDED 28 Febn*ry 2026 The attrdched finandal Stattsn￿ (Pajes 5 to 12) th ￿Trt&S thiues ft)r U)e year and yj'st to cover all grant OTh¥￿ts. 10. The Trust Maintai￿ its cakylal reswves in orts lo make grants ¢Jrt cl ts fin￿Ent Incom& li.1 The In¥￿t￿t as set ¢yJt at Note 3.1. has 9Jc£es4ulty Inwkn*nted ty Trustees during this year, wth an incfft on Ccmm(x) I0￿$t￿t Fund p￿uCts of 2.98% (2025.. 3.24%. , ,.. The overall irKO￿t y￿Id on investrwts, Ind￿J1ng the tash depjsits part of the p)rtfollo, has redutyj dye to gmikr diwdend royffents, trtrt lower t￿5 of interest r&um5 and came out at 3.21% (2025: 3.41%). 11.2 No olarKJes rrkide to tr* InVestr￿tt FQrt of the tKxfft4b) thts ￿r. Cash deprffjSts C￿￿nUed rffi a smllar bags. 11.3 thr the year the overall valuatL￿ of the CcrfTynon Investswt Fund kytyjucts Increa*d ￿ 9.68%. (2025: 8.16%), after th￿ng account rrf Inve5fftnt d05ure In 2025. 11.4 The TnJ5tee5 conttnue to be satlgled that ttsir eXFQ5Lbre tD T1￿ by t￿ d￿rfty Sk*dftc ttjmmn InvesIJ￿t prc#Jucts used aTrJ th￿r Current gJategy to hc4J app￿Mat￿Y 20% of the total Trust's investments in cash. That balartt 5tsnd5 at 12.8% at the ¥KI LI this (2025.. 13.3%}, exduding the In*ant ￿CesS held as wrrent assets INDEPENDENT EXAMINATION 12. The tru5tee5 agreed to contsnue wlth aft EK7mlnatkn 14rt thls STATEMENTS OF TRUSTEES. RESPONSI3ILtrIES 13.1 Cha￿ty law requlres the Trustees to wepare fina￿al slat￿￿ for each ftnanclal ￿ar vthlch glve tnje and fèlr of the state of affaits of the Charlty fc* that year. In ￿epH￿ng those finandal ststements, the Trlthes are req￿ra1 to:" ' sekct Surtable acto￿￿￿j ￿￿IdeS and apyty tlvn cCmsl￿ty. ' ￿￿ke Judgen￿nts and estimates that are rea￿na￿e arKI prudenL' ' prepare the finanoal statern￿ golng t8515 Unl￿ It15 Inapprosylate to assurre that thanty vlll continiE in Iwgness. 13.2 The Trustees are respX)n9b￿ for kee￿ng prO￿T a￿untIng records whth dLrlo* wlth ￿SOnable accuracy at any time the fi￿in¢la1 of the Charity and enabfe them to ensure that the finandal Stalen￿t$ comply wlth ts (hadtses kt 2011. They are aLK* safeguardlng the assets of the Charity and hwKe Steps for the ar￿ detth of fraud or other irregularits"es. 13.3 The Trustees have had regard to the a)arity CLynmlsston's 9￿al guidarKe cffl pu￿1( tenefit when rthewing their grant nN4king acbvtbes in ￿T￿ar￿e of the the TrusL on behaLf (rfthe Trus M R Carr ({Jalm￿n) HERVEY BENHAM CHARITABLE TR￿T TRllmES' REPORT. continued FOR THE YEAR EFIDÉD 28 February 2026 The atts(l￿ finanaal 3trtetYvts (Pap 5 to 12) refi&ttr*TruloJ tst tI￿r &N¥#)wre tr) rl* ts r8Juc&l by the 5peofic pnu Trusvs In¥¢*r*its In Tlwt b￿a￿e aan(ts at i18Qh at the th15 year (2025: 13.Yh), INDepENDEpif EXAMIMATIOII srATE14Ewts Of TRUSTEÉS, RESPOFISI8ILlll 13.1 Charity Law wulres the T(ust2es tr pwre fiDaffSol stotaTwl3 tr exh finandal gfve a true falr VIEW of the state ol trdirs rf tt* awrlty fry thrtyear. tn FYeparfrffJ trKfje fina￿81 (￿rty ttmtknue In t accurw at any time fvfinano¥ rfthe and eJwlAe thwn to ensure that finan&1 13.3 The Tn* have had to the t￿￿1ty c￿nn¥￿'S qutdar(e on bwthtwh on LYhalF oftheTruste M R Carr lthaiffftanl 2C. 0£ .