2025-02-28-accounts

Viitsol&gnJfftTr4rwtyhJn Ref DXGT.X71W2XB 28kn W25 15."46.OT c4rfritirc O}0¥2 P 1149 Dartington Trust The Dartington Hall Trust Annual report and financial statements for the period I September 2023 to 28 February 2025 •AEG4A3HG 28d11r2025 COMPANIES HOUQE llllll

133

wir1tr&rpiath￿tt A81 DxGr.X7￿Y2%o 28 Ntyl 2025 15 1GtTrIl-￿Tl1jTC +01 O J2 P 49 The Dartington Hall Trust Annual report and financial statements forthe period I September 2023 to 28 Fetrffuary 2025 C¢)nterts Chai¢s Statement strategic Report Finandal Rewew io Governance & Risk Malla8lrnt 13 IrAependent authtorfs report io the ffmbers of The Dartin￿On Ham Trust Con501idated Strtert￿tO1 lin•noal Acti￿(￿ kn theppJiod led 28 FÈl¥uary 2025 22 ConsolKlated and tharity Balance sheets asat 28 February2025 ConsolKlated Ststenntof Cath FIow5forthe Per￿ ended 28 Februxy 2025 Notesto the fvnancial StatemeDts the peri(4J ended 28 2025 24 25 26 al and Admini5tratNe Informaiion 47

Vim￿1$￿￿81j19 Trdnsatyw Rof. DXGT.XT￿92Xts 28 15."46)TtWT(UTC 2r2P 49 The Dartington Hall Trust Chalrfsstatemeni Annuol report of the Trustee5 forthe Fwiod ended 28 Febrnary 2025 The Trustees ofThe Darting￿ Hall Tnjst I"Dartington-. Tr Chawiif Ix Ihe Tntst-l are pknsed to pwent thr Annual Rew)rt together ￿th the consolwjated finarthl ststements of rhe tharity its 5ub5ith.ary companie5 the period ended 28 February2025.Theseha%ta￿0been preparLxlto meetthe rffjLMruwtsfora directtys, and fjnancwl 5tstemwtskn Q)n¥￿ie$Attpurg￿ ￿tfi￿n￿al Sratemerbts(orby￿wIth thethèMiesArt201i.theCcrfnwiesN£t21Kfj￿d A￿￿￿tin￿aTrY RekvtiTh by tharities,. the 2019 Statem￿1 of ReLX)mmendÈd Pwarte appr￿￿ to charib.es preparing thw"r financial Statements ￿ accordarKe with the ￿n￿cial Rwb"ng gandard applica￿￿ fft the UK and Republic of Irdand IFRS1021. The and administraknveinfrMmètionSetwt￿p3gc547OTrj 48￿tr Re&KMtofthe Tw#wsetwtw pates 4t0 17form ofthi% Chalrfs 51atement l arn ple•sed to Kesentihe Annual Reportand FinarKral stsrernentsof the Dartiwton Hall Tn￿ IDHTi lorthe period ended 28 February 2025. Our year end has thanged to February. fdlownE se￿ra1 years of reporting 12 menths ro AuKusL a requirern￿t of our then st¥bJs a$ an education provider in keepiftg with the annual calendar of that sector. FdlowinA the Trust's exil in Aiyiist 2024 from direcr provision of Ihigherl thluc•tlon. rhe Board. and specifically the Audit and Ri5kCixnrrwttee. COhSKlered itapprok¥ie to r￿alibratt0ur cycle of hnancial reportin8 io a date rnore aligned our oTrgoinK actiNltbEs. N￿thStandIng thÈ e¢xnplexity and scale ol tyJr wesent financ￿ and oFeraiional re5truciurinE. which are covered in greater detail wthin the interim CEIYS review bdow, these aciounts have been produ¢ed in hne with the statutory schedule. èn improvement on last ¥eaf ihai has been ffl•de p055ible by a greater on reli3ble financial 5y5terns and accutate management inf￿m31th. This report is aftd Centenary celebrations ai DartKwon, a5 rellect on the i£#P anniversary of the Eknhir5téamily t¥knn8 ownership of the EststeaThJ pursuin8 a remarkable viyon.. trrtJihlinE and accommodatin8 a unique community for supporting ihe arts. progrewye educatK)n. innovative and suttain4lAe •8ri¢ultyr•l practi¢es. radi¢•l thinkin8. While ¢mioyin8 several speoal Cenienary events, whKh wll continve into ne year, it occurred to me that ihose hundredyear5 have been roughty. vkn•tthe foottsam worltE I have wryked in might call."4 B•me of two halves". TheTrustwasestsblishedasa tharityin 1932.tyJtafterthedeathsof Dorothyl1968land herhusb3nd LeoTrard 119741. it was run by independent tnJstees- atthough critically, ith no endov•ment. The second So years or $0 of that centenary period were akin to a wealthyfamily ha￿n6 left a vast amount of14nd Ind phyyr41 assets to its children. yet wth no finaThool ￿￿an$ of mEetin8 the crip￿1￿1 annual costs of maTntainin8 them. Add in the legacyof commitments to pursue theabove laudable interestsano it is rbo su¥pri5e that surce55Ne bDard5 oftru51ee5, and the rnonagErnent team5they appointed. took the easst and qu￿ke5t route to keepin8 all the plates spinnin8." a perennial pro8rammeol land aThJ asset disp05alx eventU411yshrinking the 5.C4XI acretstste by rnore than 81

viTts￿ls￿nuft TonsacivJffl FW OXGT-X7￿-52x8 28 Fth)•202S 15..46.07 LWTIVTC +010 zr2 P4M9 The Dartington Hall Trust Cha￿$ ststement By year 98 of mlintsiningthe Elmhirst dream. OHT had run outof rood and wasf•cin8 ifftsol¥Èncy. In July 2023 theexist1ngturnar0u￿ besan to r￿1(etheTn$YssWTriOreXe￿1Ye manatement. This ann￿1 report reviews thefirstfull period. and the ine￿table costs, ol securinga sustainablefviure for )arbn8ton Estste %thich is not dependeni on a perenfiial ctynbinatK)n of disposals. unpredirtable benefact￿￿ and hope. I cKcasionalIyread¢onN￿ntsons0c7al medA fromthosewh) ruethedaythatthi5strd￿W￿5 4dopted. Th seem to refvse to believe the fate that was appfoachifig tl Ttyst in summer 2023. Why coukl we not have just left things 35 they were? Many of the same naysayers have lost Si8ht of the f•ct that the E5t41e thry have enloyed so much, often forfree. i5PriVllte, albeit hekl withinacharitabletrusr. It isntythera municipal am2nity nor a public resourte. Nonetheless. it will continue to welcrmre ¥enwoustythe local communityand the wider public toenjoy its beauty afid sevefal free acknvit￿s. While theTrust is a rewtered char￿. our5tatusisThJt acharter to mJkEcontinual losses.That is a fast Murn to destroying value and 411 that we hokl dear abo￿ the wonderful esiate. At the same time. our objertive is not to Benerate si8nifKant prolits. merdy to recover the urbsurwsingty high cost of maintsining a historic estate and to allow us to invest from tsmtrttrtime io improve our offer for members. ￿SitOrS and other stakeholders, intemal orexternal. The5eappli¢ationsrernasn theworitiesfortheTrusfscornmer£ial activities. now lèrgdy focu5Èd on business fwtal income. This revenue wll noi prop yp unviable propositions. however longiheir asSociaty(￿ wththeTwsi m•y be. The tymaround team. yjpported by excellent stsff c4d and r ri8ht across the Trus¢ has achieved commendable succe55 in 5ub5tantialty reduti￿ mnthly losses and ideniifying a stra￿&V to breakeven. We owe a huge debt of gratitude io our 5t4ff for thtyr knyalty. 10￿eal3nce and commitment to safeguardin8 Dartin8ton for future generations. It is al￿ important io acknrfedge our marbv Va￿￿teers who live the time g•ier0U￿Y to the Same mi5SiDn. E¥ternal en8a8ement remains critical in Maintaining support for the retovwy plan and we Strive to invest in local relaiion5hips ￿￿0￿1 cornrnunicati¢)n. Weare ￿eaSed to haveinvesttd vtrycon5iderabletirneand 2ffort in our stakeholder fdationships. not least with local cwncillar5 and the I￿$1￿￿$S community. These ties continue to be invalUa￿e in achwngour8oals and we a￿ thaThkfvl forthe very positsve inbound interest we receNe reE￿ar￿throuefv these ahd other£hannel Just a5 executive manaqemeDt is proves51r￿ many exciting the 8oèrd of Trustees is rrkin8 ￿rd to achiLwe the best possib￿ balance ol govemance. conneciivity. gty)d business 5en5e and le8aty, oft¢e sustainable recovery has been ach￿d. &"nce the ￿$t Annual ReporL thÈre has boen further £hange to the Board. Three trvstees resi8nÈd after servin8 beyond their thretryear terms to a5Y5t Mrith the turTraround. We thank CThris Maw. Peter Goldsbrgugh arid R•thel Watsth) for their valuable c0ntnbu1￿ns durini an intense period tsf transition. 8aroness (Amandal Sater. appoinied in April 2024. res¥ned in April 2025 t0 spend mDre time hermanyother interests. Dwid Loveti Whol￿ned in April 2025. sadly stepped down in August owin8 to unforeseen personal commitmerits. We are verygraieful to both lor their Inp￿ in a portitulaity busy time for theTru5t_ Our mission may not be Com￿￿te. but rt is progressing knll and ihe severe fi￿r￿1 pre55ure5 th p05ed an e￿$tential threat to DarbnKton in 2023 are fimily behind us. It is important to remaln focused and continue cautiously. although *ith vis¥)n and ambition for the shape of eventual recovery. Alonggde the executive team. I look forward io feportinefvrther pro8re55 dwinB 202>26. Lord Da¥id Tr1¢9￿￿￿ Cha¢rol the Dartington Hall T￿$t 28 November 2025

WKliiaISiDDaiureTr)Gac￿ w. OXGT.X7MiTr92X8 78 15461JTC44Tiufc OJ D 2n PY49 The Dartington Hall Trust Strateglt Report strategic Report Thestrotepic Aep(¥tslwld)e reodin (L￿ju￿¢t1￿) irh lhefirtoNi¢￿ReWthVl7ndinc￿rnres thelmport viewfvr the yeor. part hWl¢hts for the perfod eTrdv￿ a Felxu¥y2025 A key focus for theTrustee5 istheextent to which the Trust is delivering its tharitatAe ¢)bjts. A 5￿mary of 5omeof the keyareas in which the Tru# hasdone this isasfollows.. Member numberscontinued to increase steadity. froffl j21Xlat the tirne of tht hst anTh￿l reporL to Maint￿anCe and preservation of8D)aues ofwkland. erntire￿ fvnded fromtheTrusYsowTh resources. for the enjovrnent and tenefit of the pu￿1 Wisitor numbers ￿ the period. based on occupaN5 of recorded cars. irKreosed to fourtirne5 the 2023 level Inaugural ChoralFe5t re￿O￿d the eadierfomiat of thedramatically lossmaknng Oartin8ton International Summer5(hool. inNxslwng local. not￿nal and intematiorsol partiopants, and roverirvd all cost5 Retum of 8Oine Festrval m sufflmEf 2024 forthe set+d ye•r. Ittrartinivtsrtotsfmm the whole ofthe UK HO$ting and supportingihe openine of siat+of-Ihe-artgym. The Spxe. in underused estste premise5 to e5tsbli5h an 4fford•bk 3nd popular community resource Continuing the Trv5Y5 interest in educatK)n by agreein8ten•wt¢rms with new speoal ￿edS school Re￿o￿d River School for its inaueural premises on ihe Estsie Expanded scheme of curation lor ewronmentally focused. earl¥-5ta8ewterprt5es with inr￿•1•ve approaches working together in cJ05e proxirnity. Tesuhin8 in commercial tenantoccupaw 8rowin8 fvum 57% to 95%, represwting thèn 21x1 businesses ￿th approximately l.OtKJ staff. This¥earfs ￿eW report50n proEre55•nd pi)nsforD•rtMigityi'skeyèwsof fo¢us".develosne seff.sustaining revenue estate commercial tenanoes. Su￿emented by activities funded and executed by external partnerships. whde balancing a (￿mitment to supporthn8 heritaie, C￿Servation. environmental initiatives. the arts, and cultural events. As existin8 management and Trustee5 hgve said Eon5iStently sin¢e lite 2023. theTe is no intefition to keep shnnking our treagJred estate. in the manner of previous decades, to meet financial comrnitments. as a way of proJon8inB1055 rnaking and avo1&"￿t￿￿8h decisions. The financial ptrfomiance for the ￿rIOd ￿ 28 February 2025 rtftetts the fvsi fvll Fer1￿ under rew management and the 51K•rt terrn restructuring costs of executing the tumaround lor Ion8 temi 3LJStain•bility. Workin8froma m￿h clearerand more acoJrate pictureof theestate'soperationsandfinances. l am now confident that the Executbve team and Tru5tee5 are rnuch bEttÈI placÈd to manage opeiations s￿ressfUlty and develop self.suffiuerKy. wthout resortto theTrusV5 limited reser¥t& ART5 AND CULTURAL EVEP4fS August 2024 Sow the eat11￿ formèt of the tha￿￿tIcal￿ knssmakin¢ Oarrinyon Iniernaiional Summer School ¥epl4ced by shorter. eight-day wo¢rornrne wth a choral focus. It Wa5 devised by Mark Stone. a cdebrated international Operèt￿ baritone with a successful bu￿neSS background. He wèsjoined bvan Impressive roster of world<lass tutors to lead study and perfotmance of Rathmanino05 Vespers. ￿th emcellenl leve15 of loral rticipation. ErKour4ged by our experience of brin8ing costs and revenues into line for a key annual event that has long been synonymous wr(h Dartinyon. Choralfest was repeated in August 2025. under the sarne Dirertor, Ga¥in Carr, and DHT corbtinues to examine the potentrdl for further music summer schools, possibly with a different focus yei again. and 01 • Wgerxale rfthey •re finaThualty viable. Gallery The gallery in The Granary delivered its final presentation in 4)ri12024.' the Rachel ￿ChoI50Th year Retrospettive Exhibifion. Many of the works ￿ thsF4ay- Some of wthich hod never been ethbrted oJts¢de

irtu￿s1£￿lU￿Tfyl$•ty￿ft Rel. DXGT_XTh•i.92Xè 1&4fj)i c4Arryrrc 40102PPfy49 The Dartington Hall Trust stratepc Report Rachd's family- Ere for sale entlw.asti knrs. Ourin8 the period ￿der review. ahead of an Au8USI 2025 grand oren1￿ ihe Elmhirst Centre. knc3red in the south west £orner of the estste'5 st￿Oing rne¢lieval CoU￿ard. wa5 extengvdy remoddled 4nd refurbished a5 the Elmhir5t Herii4e Centre IEHCI. ￿lowIng ￿sitorS to exPer￿(e the period-refvrbished former pftvate residence ol the Elmhir5t family. thi5 beautrful space i% exhibiiing Dartington's core collection of Modern British and Ameri£an painiings and ceramics to the publ lor the first lime. Offerin¢ three bookable tours every week. the ÉHC ha5 reteNed 5uptrb feedback from the lotal tommunity. aswell as from art enthusiasts visitin8 from further afield. OHT is grareful to JenTha Budingham and her gallery. and to the Eknyant Trust for their invaluaNe assistsnce and contribjtions ￿ eStsb1th￿(the EHC: otsf thanks alw to the Howe Green Trust for its ongoing support. Events The produciion of cuftural and art￿ events at Da￿n￿On has been iefocused ofi risk-ffft offeriAg5 fvn(d by independeni promoters u￿Th8 rented DHTwemises. princip311ytheGreat Hall and gardens. Theseconiinue to be maraed io members and the public. and curated for the ¥reate5t inrlu5ive appeal and partKipation, r￿t least frorn our local community. Elsewhere, lary. underutilised venues and 5Uitableoutdoor spaces. ha¥t provided the opportunity to st•8e events tyf br¢ader apwl. su¢h as SUMM￿ Lawn Sessions of free INe music and silent dixos. Local muyoan5 and artists. from all Benres and appealing to all 4ges. have bee prioriti5ed lor bookwand pe￿Martes. . The November 2024 Bonfire Ni8ht event attraaed 1.3(Xl paying cusiomers to form the largest yn8le event ever staged •t Dartington. For 202S. thi5 was a1ffl05t dDUt￿ed to 2.SC#) wsitorsamid soafintdemand from the local commnity seeking to enjoy a safe. wellffjrRarused display abnEyde se¥erol other ortivities for all the faMIy. The 8h C)em• The Barn Qnema continues to be an rfnportant part of the estate's broad wtertainment offer. Its pro8ramme has been made more accessible to a audience by devdoFMng a campplling rnix of arts and envIr￿mentally focused features. mainstream releases and live sueenin85 of National Theatre and other 5taEe or rnusic productions. We continue to explore how be51 to utili5e the Bam's as ngt only • riThErna, but for rts own live events on a relatively intimate xale. such a5 small concuts. and potentially corporate events. The cinerna benEfits fvom a significant 3udi0-￿SUal equipment UP8rade and ¥ve are gr3tefvl to the Howe Green Trust for its fin￿0a1 a55iswce in fflaki￿ this possible. LEARNING Sthumather CoHt The Schumacher College Foundatron deoded at a boord rnttting on 27 AuEUSt 2024 to dose all BSC. MA and PGDip courses presently acuedited by University of Plymouth IUOPI. The courses were already dosed to new students.. against a well docurynted background of c¢Jitrse closures across the higher educètion secior. dnd In View ol DHT'S fina￿1•1 challenges, UOP had informed DHTin aulumn 2023 that it would ceaseac£reditation in 2026 and bewTh a teac￿lut with immediateeffert. Schumacher College was ir￿Umne substantial and ¢rowing rnoThthly b55e5. Dartington was clearly unable to underwrrte this defKtt indefinitely from its limited reserves. The coll4e's Learning Leadership team had. for some Months, been rewewing and con5Klering the accomrnc4Jation resource footprint for the delwery of Oartin8ton's leamin8 proviwn. However, sknrter. uroccredited Cour￿ F4aMed by SchumKherfor 2024125 met wth poor booin85. Some 46 student5 were expetted to Continue into the 2024125 academic year with khurnacher. The vast m•jority ofthe5e have been supportedto find new£oLY5e5 and a number have already completed at different institutions. DHT has worked closety ￿th the Go¥wnmenVs Office for students throughr￿1 th¢s process. We are Unde￿￿tInganyhIgher￿ementof1ee5IftCurred by student5 •tnewpl•tesof study. •swellasrwrnbur5inE short-term. 0￿-01-pO¢1￿ expenses and offerir ctynpwsation fw disruptKM. in nne wlth levels

mI￿S￿n￿lU1&T￿SèClI￿ Rel OXGT-XlklW2X8 Z8kn 2Wd5 15.46.'OT LWTlUtC •OI P 7M9 The Dartington Hall Trust Strnielit Report recommended ty the Owtceof ¥1ep￿dentAdjlK1¢ats￿ ￿ H4her EdLution. Injuly 2025 DHT aThJ the Satish Kumar Foundation announced the Indtyendence of khumacher College vAth the F￿J￿￿tIOn acquiring the buyne55 assets from the Tru5t_ OHT 15 delighted to have ￿l¢he￿ ah agreement very amicabty V•ith the F¢)Jndation. and to iransfer inio lhe£￿ett hands a great deal of ur¥que educarional collateral and other resources bwlt overthe year5 a5 partof LWIT. We wp5h thE Fowd•tyE¥n ￿11 in its mi5Ston foT Schumacher Colley. In April 2025 DHT was proud tt) tontinue its assotiaiion with high quakty. swialist edutation by lcoming neurodivergent learning provider Redwwd S(1￿1 to ellate. Occupyin8 The Old P05terrb, fofmer h￿e of khum4ther College. the rw independent school will offer a deepty personalised, therape￿￿. and outdoor-foojsed education for autistic and neurodiverse wpils aged 5 to 18 Redwood River. which opened tts its fitst pupils in November 2025, is being de%tloped in response to orowng need for outstandin¢ specialist provigon for AOHD. sensory prctt5y￿ PDA and trauma. •tr05s De¥ofi and the South West. HOSPTrAU The White Hart Still the principal bar-and-dininE<VtiDnonthee5t4te.theWhite Hèrt Fxjb, in linE rythmostothws inthese¢tor locally and nationally. continue5 to stru￿le rnainiaining acceptable levels of revenue. despite a food opowtion thot ha5 been ￿ned tondÈrabtyènd ret¥ved wtrll trytustomÈrs. NonÈthdess. the pub r￿aInS an integral part of DHf5 reydential and day ronfweNre/event offerinB. The Green Tabl¢ Our centrally located café. The Grttn Yable. reopened in July 2024 WTih a tiant part￿r in the forrn of a resperted local hospitality entrepreneur. Affl￿h Improved menuai susiaiftable priceswith extended openi hoursha5 been well received by v15itorstothe estate. The'new GreenTabbe hasfurtherPEd itscon¢ept very si8Nficanly sIn￿open1r% wesenting rKtswnal e¥eniThE ebnisand Iwe muslc. Montreal Baqels ontreal Bagels vacated its Rojndhouse venue at The Barn duri￿ the year and rebjrned close to its bakery Ic<ation behind The Granary. It continues to be a wdl patronised café c{￿ePt with a 5ucie551ul vknolesalt business. The Garden Calé The Roundhouse has been reoccuped and re￿￿•Shed to a hith standard by a professional h)£al caterin8 operator wth e￿slIng links to the Estate. Reopwryl as The Garden Café. a trath"tion41, hFzh quality offerin8 of cakes, light savoLMy meals and hot drinks has woved popular with visitors and presenis a differentiated aliernati¥eto the Green Table. Hotd ac¢ommodatson Our 54 courtyard bedroom5 continue to e4￿Dence tnconsistent leisure c<cv￿oCv. as distinct from confereThce5and ￿ent rdatedl large bookin8S. Whibe ¢omfortaWe. plea5antlylocated vrithinlheestate and fairly priced. a synificant review and refresh in due cowseiM OPEifflise usage and EL￿1 experience_ caNFEAENCESANOWEDDINGS Our heritage and beautrful settini continue to drive demand for conlerences and weddings. and these ￿11 remain a core dement of the estste'5 remaining owned and operated artI￿tIes. The team has been strengthened S￿n￿tafit tywence of sellin8 and dÈlinini weddin8$ and corporate events of all sites. Retuming Conferen￿ and 5emin•r ¢lientS. 5u¢h •5 the Duthy of Cornwall #rbd King5 Fund, 8ive us a Strong platlorm from whi£h to erow the pnvateevents income stream. particular￿ in the quieter winter months. We expect refreshed brochure5. agenry li5tynES and weddinK fairs to further enhance interest in weddiny and

Vlitsols￿Nwjle TraiWN DXGT-X7h￿92xts 281¥ 2tr25 1&4&.07c4iriirrc OIE) Y2 P&49 The Dartington Hall Trust Stratets Rwt conferences. from both at home and o¥erseas. ader fvtsscentre ReEeneratiM pl•ns for the year under rthfithv at ouredg&of-este retail site close to Oartinoon village were delayed.. an anchortenant of the PTOP05ed Caurbcik5UPWrtwJ partner c{￿S0￿￿mIe1I into insol¥en£y, leavini the partner unable to proceed. Nonetheless. costs were re￿￿ed by rn•n4Bement while rnaintsining operatyonal 3¢ti¥ity and the Cent￿ 0￿ftted ai a rn￿h smaller loss. A fvll relaunch of the CKler Presscentre is advanced. the vast majority of new tenants secured expected to be open irb December 2025. Cornts'ned with twe hours of free parking lor visitors, this revitalised, hi8h- quality olforing of eatinL drinkinL retail and art is exrected to retum the yte to its lormer ststU5 as destinati￿al Shopping and leisure experitncè. repl￿ating the newwbrary of a£tities and operations at ihe top ol Oartington Estate. TENAN￿. PROPERTY AND ESTATE SERVICES anwyand Pmt Studio Co-workin8 5peu4list Relenworks began to take (wwarLy of the Granary and Print udio. as well as the former8ook &'nders space. in March 2024. Re£enworsactsa5 masierienani. hostingmore iharb 60 worker5 on site frorn a nurnber Of diffetent bU%￿e$sS. all focused on areas ￿Lated to re8eneraiive technolo8y. such as Al tech to harvest pl?stK froffl the sea. aquatK enwneers and seaweed farmer> These are (￿arlY area¥ k)seto DHf5charitable intwestinsupportin8ecologKal pursuit& Otsrrelationshipwith Regenwortsha5beeTh beThefioal in identifyt"nE Potential tenant profilesfor othervatant ordisustd properties ¢)n the ertate. Old F¥m On 22 Orteber 2024. How Pk•w Dairy Iwn a 2￿Year farm tenancy ¢yi the Dartin8ton Estate. se¢wifft8 41K> ues of land. As the UK'S poneeriry and only caibon-rbe8ative dairy, How Now PTioriti5e5 5U514ina￿11ty 4fKI vrganic farming prartices. The bjsiness operaies a direct-tO<oThsur￿r. six day ddNery service wthin a ten- mile radius- eventually extenthng to Torbty- ￿111$￿8 an Ile to minimise. if hoi tlimnate. its carbon footprint. Currently hovsint a small herd 0160 Ayr5hKe cjttle at Oartintr￿. the farm plan5 to expand to I2￿Strong. Milk pfodurtion commenced in swin8 2025. faolrtated by robotK milkbne systems. Each animal. with its owTh RFID ta¢ aL￿￿OrnoU5ty presents itself for rrmlkiry. Al teChr￿ ￿ad$ the to detemiine milkJ'Ng suitability, minimising hurnan-anirTral interattion_ The dairy rurrendy prcdutÈS V4hde ahd sempskiNThed nwlk. cream, and a recentty Ileveloped cream theese, with further produrt developmerbt ￿l￿ned. The milk is pasteurised. but othenvise untouched, ensuring exceptiofjal tsste and punty. The business also 5upF4ies local favourites on the DartinÉton Estate including The G￿er& Toble Café. The White H¥t pub Jnd resi4ur•nt. •nd Montreal Stwe 8a8els- ehsuring wsiiors enjoy hyper-local dairy every dav. How Now Pèiry dernon5trate5 a deyee of inrrfwotyon in 5USt•inable and ethical dairy farrnin8 that brin85 to datt thÈ Elmhirst VI￿On lor a8ri£ulture on the Dartiwton Estaie. We are proud to host this unique enterprise a5 It produces h11￿ul11tyrrN1k while wninimiyn8 env*wmefitsi imprt. Hi8h Cross House Following a rdatNely low cost refu￿lshmenL this well-known and womiTrent 19305 Modernist building was succe551ully let in January 2025 to Oevon-fourLded. national ts5hion retsil chain 8usb¥ & Fox a5 its headquarters.

1TLak&tyiawTeTo￿athOn Rel. DXGT4ThtrYdXB28P4y 2tr15 1$4601GIAT{VTC •0}0 2r2 P949 The Dartington Hall Trust Strwit Report In October 2024, two IiEhtty-U5ed stwlioswekling wy little Ttntal income linsuffKnt to cover costs) were let to LED L•5ure. a prominent Don 8ym operator. The Space. was opened in January 2025. prowding a 4,5￿$ll stste-of-thtrart gym which irnrnediately met a need in the l¢nl comrnunrty. GrovAh in Initial memberships sold ha5 exeeeded expettations and the offer of reduced rates for Darrington Inemb￿S arbd resident5 hès been well received. Hotel guests the gyrn free of charge. Èfihanong the appeal to vvitors of our courtyard bedroDm5. Spate has introduced new ￿sItOrS io the Estate and manyare uw8 its otherfacililies. Organtsers of reeukr acriviries pre￿0￿$1¥ taking pla¢e in ttse studios remain ableto book Space through LED Leisure. Before the year4nd, OHT agreed rentsl ierms at Lower 005e with MiGolf, a Sfate￿-the.art indr)r gow simulator andeThtertainrnentvenueopErator. Thefaci￿itY opened tothepthlic in May2025. offertngan enEa8ln8 new experience for gdfers. families. social Broups. •fid buynesses althe. The launch of MiGolf builds on Darbngton'5 8rown8 ¢ommiiment to innovation. hea￿h, wdlb"nK and acttve lrfesWe5. To8ethET. The Space and Mify)If proTrAde a diverse and inclu5i¥e en￿r0￿￿ent for rrK>vemetrt. exercise. and social conr￿110n. einf¢Kcin8 D4rtin8ton as an increas1w￿ dynamic desiiTraith)n for he0￿￿OnsCIoUS ￿SItOrs and lecal residents. aswell a5 serving members. Estatt visffw. An additional databa5E of more than 30,(MJO recipi￿t5 of Dartington morketiThg communicatiorns. incl￿ding rhe bkweekly whaY50nneW￿etter. is a valuable resource for visitor enygement. while womotin8 tartical new membership offer5 such a5.14 months for 12.. %¥hith ih July 2024 and again in July 202S eDabled purch•setsto st￿dd￿tWO school gm7)er hoh"days. Medio Retatiryb5 years into the demandini tyrnarourl. external fi￿0￿￿ept￿s at#)Ul Dartin8Eon's acti¥itses and ¥wb future are greatly reduced. The EMe(trti¥e Team. supporteis by Tru5ttts. m•int4ins • pr¢)yamrne of proactive en8aiement ¥￿th local media, I￿111Y based natK)nal online media. naiional broadcast and vertical ￿dia relevantto our settors of operation. suth asarts. culture. Eardensand natu¥e. Thi5 eng38ement taken the forrn of 'open letterf updates frem thechair and ￿0. Ontric￿ meeting5 and interview5 on the estate with Joumalist5. and regular pre$5 releases on w>sthedeveloKthents. outreach.whrth akn encompasse5 lecal polit￿13Th$ at pansh Council. distntt C￿nty and Westminster levd. ho5 ddi¥ered almost entI￿lY supportive coverage, reinforced by a balance ol positfft comments subrnitted by readers bek)w online article5. The approach to media relations will remain open. collab¢ratNe and relatioftship based to foster yeater under5t•ndinBof <wr MissW￿and the strate¢yto athie¥iL Web5it¢ ihJfin8the pedod under re¥iew. in wderto rwh QL5rmany pu￿IcS more eflectively. weinitiated a woce5sof buildiTr8 frorn stratch a new website on a fit-for-purp05e ￿atforni. (Kjr effort5 to P05i¢ion Dartington as an aFyealin¢ destination with broad appeal. increast ￿Sitor numbers and develop higher lewels of sustainable revenues are not adequately 5UPPOrted by wr former webyte which was old, with technital faults beyond repair. and presented art unhdpful tustomerjoumey. In addrtion, the SIr￿lUre layout and ernpha515 of muth of the copy did not accuratefy represeni ihe present ranEe of activities avalawe to ¥iytor5. The new web$ite Wa5 launched in May 2025 and has been well r￿eNed all stskeholderRfovp5. 11 is better optimised forour very hi8h Pfeportion of rnobile users and for search engine& Crilic•lly. the user experience e-commer plu¥.Ins have been 5trurturedto speed •ndase bookifi8s. wr£hases. newff*rnberships and other impowi Iransattions.

Vi(t1iSxJ￿l￿l¥T18NS￿li￿ Ref. DXGT.XlhW2XB 2Blw2025 1S.46".0TL￿1TlIjTC •0I02np I(￿9 The Dartington Hall Trust Strateeic Repwt SLThIMARY Our new lèndlord mc4Jd' fw generatini stable. reoJrring rental as the majority ol the TrusV5 total revenue is supplemented by a full cost retovery èpproath io •ur ri￿a{nIrV4 Who1￿￿w￿ed and operated activities. We continue to pariner wth enernal specialisis. lar8ely as tenants. to deliver professK)nally d￿eloped products and 5er¥ices. Thiscuration 3pproach has sÈ2n eartysuctÈ$5 in a Mmber of our hospitalrty and evenis offeri045 and contiDue to pursue discussions with several best practice opeiator5. The e5t•te o¥eTrll still contains a gwj deal of non-lami knd. as well as disused or diLaF4dated trtJildings. thai remain unpfoductsve in terms of income. This demwt forrns a lonEer term ph45e of our Strategy ftjr recovery and Subsequent 8rowth, whKh wryll allow the Trust to pay down trx>rroin8s and invell In its chèriiable acti¥rtie5. not least the preservation for the nati¢)n of its fflediev•l b￿￿nIS. 4tsthich absorb 5ub5t4nti41 c4ptal year-¢)h. year. Rob¢rt Fedd thfjef Exevjtivtoffiur Ilnlvtm) 28 No¥e￿r 2025

Ref. DXGT-Xrntr92X6 2&F￿￿2$ 15.4&"07 GTr4TIUTC +010 2Q P 11M9 The Dartington Hall Trust rmanri•l Re¥iew Financial Review (>4eThlewof flnanclal As noted in the Chairfs Statement on paBe 2. the Trust ha5 changed its year end date 4nd these finan¢i41 statements are for on 18-rTh)nth per￿. The comparative amounts wesented in the ffinancial statements lincludin8 the related notesl are therefore not envrdy C{Th￿rable. TheGroup 15 Teportinga surplus of E681k for the period erbdEd 28 February 2025 lyearended 31" Au8ust 2023." defi£it of £4.691kl. after net investment gains of £7.442k12023'. net inYe5trnent k)5￿5 £158kl, tomprising realistd gaifis on disposals of E3,S59k and investrnent woperty revahJaiionsof £3.883k. - Ihton L8 rnonthsto 28 Fel￿a 2025 Ye¥to 31 Auwst 2023 Ratio % 53.1 38.4 Totsl inc¢Kne Chantable3rtivitie5 Trading activities [Llonations and leEacie5 Inve5trnellt and other inccmE Total ihcome Varian¢e 1,0281 1.3351 15 1.435 48.9 30. 5.320 200 974 215 18.6 ith).o loo Total incomederyeased bY￿13k from £13.846k for t￿yeart• 31 Au8ust 2023 to £IZ.933k for period to 28 February 2025. Charitable Inc￿ decre45ed by £l.(kn. The bugness of Resw¢h in Pracb was transferred to the National Children's 8ureau on l February 2024. ftesearth in Pracrice lor the tsve fflonth5 to 31° January 2024 w•$ £2.Om ¢ompafed to £4.5m in the year to 31 Au8USt 2023. Income from course fees and admissions decreased by £262k follo￿n8 the d05we of schUrn¥heJCd￿e({)UrIeS in Au8u512024. Trading income lell by 25% 4$ a wlt of the wrthdrawal of The Trust and its subsxlnes from runnini operations itsell35 discussed ￿ ihe (hairf5 ststtyn￿t ond Strdtwc Report. . Empeftdfjiure 18 m¢Mths to 28 Februa 2025 Ratio % 70.6 26.5 Yearto 31 AuBvit 2023 Ratio % 67.4 29.9 Totsl expEn&rture Charitable attivities Trading aLtivities Raising funds Oefined benefit pensTon scheme Totsl ex endiiure Variarbce 13.896 12.387 5.503 68 421 18.379 1.509 2731 147 is IcJ.o I￿.0 Total eynditurÈ at £19,694k is £1,315k hieher than in th2 ￿ar to A4ust 2023. Expenditure on charitable activitie5 and trading activrtie5 reduced on a pro rata bay5 Icornparin8 the 18 months period to the prior 12 months periodl as the Trust withdrew from0peratio￿l rnana8erneni as dixussed in the Strate8K fte￿rL - Net Vinson investmtntsamd a£￿￿11 laNi$4￿ the defined beneffi pension stheme Net g3in5 on investments tn the period totslled £7.442k comprising É3,883& 01 revaluation g•ins12023: 1055e5 ol E130klènd £3.559k of profitsfrom saleof nc)-cceestate land. thhernon<ore property salesand some surplus art sales. The Trustees have considered the re5identv41 and comrwoal properbes held by the Trust nd have cvntltmled thèt value$ 5houkl bE uplifted in line Mth the extemal valuations urKlertaken in October 2024. The10s5 in 2023 related to an inpairrneThi prO¥15￿n on Certa￿ In¥estrnent propertie5 *thich are not cvrrentty trn rentsb￿ condilioA. io

VbwalSiWiwoTr4ns￿lDn Ref oXGT.XIP￿2XB 2025 15."46.fj7 GMTIUTt ￿TrO￿Lp 12Mg The Dartington Hall Trust Dandalfte¥i•w The actuark11 gain onthe cbsed derW￿d beThefitpens￿n schnefor the peric#J wa5 £256k12023.' •ctua¥ial loss of £406kl. OvErall, the tot¥l movement in fu￿$ fotthe period to 28 February Z025 wasan ir￿reaSe of £937L Inueasl the total lunds balanceto É28,$04 at the end of ihe period. - Fixed assets Freehold land and buiklings T￿th a book ¥￿ue of £3.301K includin8 the LNd Postern. were transferred to in¥estment prorerties dunng the pervJd a5they are no Irffigercvm purposes bul I￿ letto third parttesfof charitable orcommercial use. Under its Memor4ndum of Association. Dartin8ton has the power to irbvest not irnmedMtdy iequired lorcharitable purposes. The in¥estrnent5 rnainly ccffiprise irwestffl￿t properties. hdd ot valuation of E26.819k 12023.. f 19.2121, intludingthe FrfOpert￿Stran$ferredlrorn fixedassetsasnotedaboveandonepropertytrènsferred from355ets held for resale during the perK￿. A rev4lu•Don Surp￿5 of U.883k12023'. impabmwit w0visi￿ gf £130kl was recorded during the perul under review. 4rtuari•l valuation forthe scheme was conducted 35 at￿.1 2022, and updated as at 28 Febrnary Z025 for inclu5+0n in these financial stslements. The result of that asse55merbt deteTminÈd a defitit in the scheme of £524k. It is antKipated that this defiot ¥AII be made good over a 5-year per￿d a recovery plan wthich commenced in the 2022n3 finan¢ial year. ReseNespoliey Oartineton retie5 on a ￿￿t￿t of in¢omt Irom a variety of sourtes to fund core pro8rnnnes as well as a continued investment in our ￿nd and building> Weare ￿￿mIne￿10athie￿nEa financiallysv5tainableftJrure for the estate thiough our new strategy and rt is importanL therefore. that we hdd suffKient re5erve5 to ensure we can continue to fulfil our cornrnitsnents ￿hl￿we tH(Kk t¢)W•rdSthatfutu￿. . Generalfund The8eneral fund 15 not restdcted nLYde5¥nated lor a partiCu￿r proyarr¥ne wsomeotherpvrFQ5e. TheTrustees continue to detumiTre that rf¢ 15 •pproprk4te to hold 8erbErnl resevve$ 31 a level 012 to 3 rnonths, c￿e operating expendlture. This is considered to be an approprk?te level given the Variety of the Trusvs inrorne 50urees and the Trusys ability to Quickly redy£e variabk costs in the event of redurtions in I￿Orne. General furKt5 4t 28 February 2025 were £l.Om12023.. deficitol £O.8ml. Net operatiTr8 Èxpenditure lextludinB net tradinz expenditure in the 5ub5idiary fvndl was E3.9m whilst rea115ed gain5 on irbvestrrents were E3.6m_ The transfer to investments of properties no lonier oecupied by the Trust for its own purposes. and the disposals of some non-core property and heritOEe o55ets enabled £3.8rn io be rdeased from the fixed a55ets designated fund. £l.C)) was translerred to the subsidbary ftsnd and £0.7m to the Schumacher Colle8e Foundation restricted ftjnd lo offset defictts tsn reserves in 5ubydiary c￿panies. - DesI￿ated lunds Designated fund5 are th¢)se unreStr￿le￿ fvrbd5 that have been albuted for a pjrtitubr purpose the Trustees. The main designated fundscurrenttyf hekl bythe Trusi are sei tyjt below. The others are discfv)sed in Note 19. d assei fvn The fixed asset fvrtd, amountsng to ES.2m at 28 Febru•ry 202512023.. £ICknI, is e4ur¥4l￿t to the net book value of the land and building5 and heritage a55ets used io supw>rt Daningion's charitable and tradin6 operations Ind the Dartinyon £ollertion and as a cMsequeKÈ is not av3ilablÈ to be spÈnt on {￿r on-going attivities. li

Ir ¥a

WithLgI&gnJbnTiar4a¢t￿n Ref. OXGT.X7￿￿V2x6 28 F•)4202$ 15.46.OIGIATIUTC •OIDV2 P 14119 The Dartington Hall Trust Governance & Risk Management Key risks and un¢trtlnties The Board of Trustees ￿ respMsitAe for the oversight ofthe risks fa￿d by Dartingion. TheTrusiees and A￿lIt Risk Mana8LYniYit Committee regular￿ revivw the Trusvs risk position. internal Controls assessment and c￿PIlance vlith relevant Statutory finance regulations. Chjr rfjsk m?na8errent proctss is desi8ned to identrfy the mapr riss ihot coukl import on the SUC¢e￿fvI delivery of our straiegy. This proce55 iderbtifies the rnajor ri5k5 Dartingtom faces. likelihood of rKcurrence, the significance of the risk and any mthgatin¢ controls that are irb place or are ￿afined to bÈ in ptace. It a15Q seeksto tyJentlfyanyact￿SaTr￿ resourtes reqimred tc¢man4e these rtsks further. The Board of Trusiees carefulty ron5ider5 Its key ¢peratit)n￿, financial. com￿lance and other risks in dra￿D8 up its risk re8tsttr. An assurance Framewwk ha5 a150 beeTr devised. whith tovers all aspects ol the Trusi's actiwties, in order to wovide a fflechanism to consider the wocesses and mit%ations in ploce to r￿jeW and tvaluate risk. OartiThgton's financial 5U5tainability and Ion8-temi Igimthty are its main Mrategic risks. Ihe Board of Tru5tee5 hove identthed the f￿10￿nE key ris area5: Shorrfall in irKome and cashfl¢>wthreatening financial solvenry Inability of theTrust to function nrffmally irb the 5hryt term whilstthe restructufing continues Fadure to deliver capital in¥esiffnt woierts ¥Mthin bwJ8e¢ Fa￿Ure w realise planned property di$[￿sa TheTrusi is ￿thIngtheernl ofthe restruc￿￿￿ experts to rrK)veto Fxofitsbilityol operations in 2026. The Dartinnon Hall Trust l-oartlngt￿-> is a company limited by guaraniee and is rewstered in England. It is also a charityreElStered in EnKlandand wa￿$. 04rtyngt0nwisin¢o￿raIed￿ 14 March 1980andi58overned bythe comparbTrl5 Memorandum and Articles ofAssociation. %hthKh ￿rP last reviseil in Dwember 2016. Undtr its Memorand￿￿ of A550CiaiiOn. the Trust 15 e5tsbli5hed for all purposes as are recognised as charitsble by English law. its wimary charitsble purposes aretheadvancement of eiluration. •rts, ¢UhU￿ and heritage. Bo*d dTNsteÈs Oartington'5 TrustÈÈs are listed on page 47 of this report. The Tn￿tee5 Set •nd o%tr5ee the delivery of Dartington's 5traTrgy, decide pol￿ •nLI prO￿￿e leadefshipand direction fortheor8anisaiion. The Board usually meets at least four times each year. In view of ihe Trusvs financial ytU4tion. thv Board met weekly 01 monthly through0￿ the Feriod and 15 cwrently meetiry Every two months. Audit and Risk Management Committee. dwired by Buth￿. usually meets at least fourtimes a year aThJ 5UPPOrtsthe Board of Trustee5 in theiT re5pm￿bIltheS regarding issues of rt5K interTral coDtrol and oudit. It also rewews thedraft Annual Report and Finanoal Srattynethtsat)d meets with Dartington's external audit￿$. Intemalconiml kop¢ ol r•5ponsibiFIy The Board of Trustees are ultimately respon5iblel(x Trusfs systemof internal contrd and for revie￿￿& its effectivene55. The Board of Trustees has ddegated to the D4rrftorate the dayto• respon&bih"ty for mèimaining a sound system of internal control that supports ihe achieverrent of ihe Tiusi's policies, aims and objertives whilst Safeguardi￿ ihe Trusys assets. 13

Irlrnol&on￿Tw8￿S￿tykn￿ Ref. 0XtsT.XIF￿92XB 28Pkn 13.46.111 GUTIVTC 4OID2QP 1Y49 The Dartington Hall Trust The purpose oftht s¥stem of knternal contr The system ol Internal control is deyeneil to manage risk to a Teasonable level rathef than to eliminare all rt5k of failure to achieve ￿l￿e$. aims. and oty"ethves.' it can therefore only prwde re4Y￿•ble and not 4l>solute assurance of effettiveness. The system of internal control is based on an on8oing process d￿￿r￿d to Identify and priorrtise the risks to the achif￿eThr of ihe frust's wlicies. aims and objective5. tDevaluate the likelihood of ihose risks bwng reali5ed a￿1 the impact should they be realisod, and to managethem efFicientl¥. elfecti¥dy. ecMomirally. The system of iniernal control has been in ￿ace for the Period ended 28 February 2025 and p to thedate of approval of the annual re￿ a￿1 finanthal statements. C•p•cltytohandle risk The Board ol Trustees has rewewed the key risks to which the Tw5t ts exposed together with the operaiin& financial and compliarKe ¢￿trOl$ that have been implemenied to miti8aie those risk5. The Board of Trustees 15 oftheviewthat thefeis a formal ongoingproce551or ideniifyin& evaluating and managin8theTrusVs &gnificant risks that has been in place for the period eftding 28 February 202S and up tothed•teof approval of theannual report and accounts. This proce55 is regularty re￿e￿d tythe Board of Tru￿ee$. The 11sk and cwtrol frlrnework The 5y5tem of internal conird is based C￿ a fraMe￿[k of ￿ul¥r rn•nagement in1￿MatiOn, administration prccedures includin8 the segregation ol duties. and a swem of delewion •TrJ arcoL￿tablIitV. In ￿￿t￿l&r, it irb£ludes". Regular re¥lews by ihe fi￿rd of Twstees of per&￿iC and annual financial reports indicate financibl perfoimante. S￿tIng targets to rnetysuteffihancial and Oth￿ wfom)ance. Theath)ption of formal project management disCi￿•￿t$. whL¥e appropriate. The Nominath)ns Committee. chaired ty lord Dwd Trie5m•A. kads on Tfttstee fecrultment and makes CO￿endI1￿ns to the 803rd ￿ the appOint￿lto1ne￿Tru5tee5. Awuilin6Trustees Attractingand recruitiniTrustees th the ritht skills, experience and nowledEe isirnportantto us. AS • ￿￿1t. wehave adopted best practice in termsof Trustee recruitmenL u5inzan opEn andtranspareftt process includlnE athertisefflent and othertechniques to attrattsuitaNecandKlates the riihi skd15. experienceand ¢Jtversity tolulfilthr purpose. Under ourMicle50fA5X>Ciation. TrusTretetmsofOffi￿3reus￿aIfyIlM1IedtD3 mèximwi of three terms, each of three years. but o Trustee is eligible for • final fourth terni if the Board resolves thai excepiional circuffl5tsnces eyisL TiaininETThstees Dartin￿on recognises the ￿SponSit￿lths pl¥ed ty lèwon thanty Trustees and therefore offers progrofflffle of trainin8 for all Trustees irKludI￿ a comprehensive indurnic47 programme for new Trustees. which Indude5 orientstion day5 to learn mtye about Dartifi8ton's work and opportunitses to meet staff. Trusiees are en£ouraied totake part in vlenisand courses that are ￿ durirytheyear 4t Dartin8ton. Manwtnt Responsitxlity for day-l0￿Y Man48•￿￿1 matters and the implementstth of policy 15 ddegated to the Directorate. r Peopl¢ We r￿thaVe been al)le t05t4rton thisioumtyof chan8e and tran￿1￿￿ without ihe passbn. dedicaiion and ellergy of our staff ènd re8ulai ¥dunteers. l)Jr peO￿e are kry to our succe55. De5Pte muth ￿￿￿tsinty our stsff and volunteers have continued to to exem￿ary stsndard The Trustees are Incredib￿ proud of their work and what thty have in this peft￿ of transition. ft is Iwth th•"rcommitment and wlliTrEness to embrnce new ways of working thot we have begun to Sh￿ our approach. wothin8 cc4lattyJratively with our man¥ tommunltiÉsto createa ne*strat￿aTr￿ future1￿ Dartinson. 14

vth3IS￿narUivTNlYU&0n IW. OXGT.X71A&WdXB 2e 15 1fj'.OTLaAI(vrc oI0 212 P 16Mg The Dartington Hall Trust I￿r ¢4mmltment tod5%￿ Dartington stri¥es to bean equal opsw)rtufii¢ies•nployer. Al of ￿lItieS3nd wocesse5 are desi8ned to be irKIu5ive to all. r people. byeender All employee5, Includinz irlterim con5ullants in the Senior manaÈemeni te Male Male % Feffl4le Femalt % TTUStees Serbior Mana8ement Team All othei employees Toble obo¥ep￿Se￿Ied￿s0t23 Februory 2025 83% iv 59 59 Érnployrnent of pe4rte with disabilfjlles Dartin8ton 8ives fvll and fair conyderatim to emptyment from ￿0￿e with disabilities. bearing in rnind their particular aptsiudes and ab"lities. In the event of ￿rnber$ of staff bEtomifi8 disabled. every effort ￿ made to ensure that th•r employment Dartinoon ccffitinues and that appropriate tr•inin8 15 arran8ed. Payand benefits We are deter1nln￿ to provide a good employee package and ensure th•t ill wr skff. iewdlÈss of hours. receive the sarne Ec4)d terms of ernploymert. We prowde a range of opportunttie5 forour people to rneet and share information, inClud￿g staff meetin8s. emails and the intraneL These hdp us thère news. our successes. our dl5oppointm￿ts and how well we ale performing finar1oal￿. DartIn￿on'$ 203 regular ¥dunteers gave rnore than 9.2￿ hours of their time durin8 ihe period 12023.. 307 15,700 houTsI wilh commitment and dedication. We in¥0￿e people localty. nationalty and internationallv in our work. Volunteer5 5UPPOrt Canseivation and woodland actTwty. events. festivals. films. gardenin8 and corrimunlty proj'ects. administratNewr•rk. Deer Park historic￿ rese4rch•nd ￿3￿1￿8 days. asststingthe ruming ol Sthwnacher ColleEe •$ wdl as promoting Dartington ￿viSitOr Furdra15i The Trust belie¥e5 in maintaining the highest Princi￿eS when lundraisin8. In the period. we aimed to do this by maknn¥ sufe all our fundrai&n8 a(tiwtie5 were compliant with re8ulat(WY 5tarKl¥rds intluding attheremceto the8uidance set out bythe(haritie5Art. TheTrust policie5 and prxtresguatd a8aintt'. unre¥son•ble ihtriisK)n tyi a pwson'sprrvary. unrea50nably peryrtent approaches for the purpose of sofKttinR or oihenlyse procuring money or other woperty on behalf of the chartty.. cin8 undue pressure on a person tO8lNEmoney or otherwokvty The Tru5tee5 are pleased to rwte that we recer¥ed no complaims at￿J1 our fvndrat5inK acli¥ities dwng the year. Th•hk you toour supporters The Dartinoon Hall Trust are Ératefd for all lewes recei¥e. We are fortunate to have the 5LlPPOrt of 50 ny genefou5 Charitable or8anisations. in5r¢tution5 indiv¢du415. Many of Ilse support us ¢yn a regular basisor phaseth•rEifts overseveralyeats. Also. thankY￿1¢al9f￿Jr5UmMersch0oI Patrons whosupFQrted the 2024 D•rtim8¢on Chornl Fest. 15

Ref OXGT-XII•J.42X828￿￿ 2025 154s￿l W(urc •OlD Tr P ITI49 The Dartington Hall Trust Public benefft When 5hapin8 our ubierltbEs arhj planninB Our aCtiwtie5. 'the Trustees have conydered the Char Commission's guidance on publK benefit and fee thar81￿ as fequifed by the Charities 2011. Dartin8ton relie5 on voluntary income. grants, fee5 alld charge5. •low with profits m4de by our tradin8 •¢tyvitie5 and investment returnsio co¥erour ontoinK operatingcosts. Wew¥ec0Th5hderationto howaccessiwe DWon istothose on I￿orne5when con%derin¢fees, charges and con¢ession& The estate as a whole Is attessible to all. Ymth mafty publi£ fotstpèths. The wider nefits of the Trust. its e5tare and artivities are open io all wless the course relaie5 to a particular group (such as¢hildren. in which case itwould beopen io all thildrenl. rfthere isa 8eo8raphical restrittion, it ￿ never 5rnaller than South West England. We work ¥rith loc415chod5. offer IxJrsarie5 for our education proEramrnes and reduced prKe seatin8 for concessions andyoung people attyjr evwis. Each year. we expand the fan8eof learning resources made 3vail3ble online- enat4in8 rnore people to bonÈfrt from them. both in the VK Ind world%wde. We also publish ourarthive and colknton catalogue onli￿. broadenin¢ their reach. ststementof Tru￿￿ Re5PWgbdilie5 The Trustees (who are also diredors of The Dartington Hal Trust for the purposes of cofiwany lawl are responsible for preparin8 the Trustees. Annual Report lindud￿l the Strate8K Wrt) and the fiNn¢ial statements in accordarKe wth applKable lawarKI ceKulaiion. Cornparhylaw require5 theTnJstee5 to pryiarefmancial statementsforeath thnancwlvear. Underthatlaw the trustees have prepared the finanoal statements in accordance Llnrted Kingdom Accounting Standards, tomprisin8 FRS 102 The Finanoal Reportin8 stsndafd applica￿ in the UK and Rtyublic of Ireland". and applicable (Llnited Kingdcffi Generally Accepted Accounting PracrKel- Under cory>•ny law the Tru5tee5 must n¢X approve the financial statements unless they are satisfied that they gNe a true and fair vw of the state vf the affair5 of the Iharitable campany and the8r(Trup and ofthe i￿ornIng re50wres and 4ppIic4tion of resources. including the income and exFendiiure. of the chafltable conwaThy and the4roup forthat perKd. In preparin¢thesÈhnantial ststements, the TrnstÈes are re4illTed to.. select 5111talJe accounting policie5 and then apptythem con5i5tentty: observe the methods and prinoples in the state￿nI ol Recommended Practice.. AccountiNd and Reporting by ChafitTes120191., make judgrrents estimatesih•t Ire wsonablE•nd pwdEnt.' stste whetherap￿ICab1e UK AccountinEStandard5. compriyng FRS 102. havebeen followed. gjbjectto ar)v material departures di￿10$ed and exF43ined in financial statements.. and prepare the finanoal 5tstements on the goi￿ ¢ontern b4515 unless it is in•ppropYiateto presurnet￿t the charitable comparhy will conbnue in bus1r￿. The Tru5tee5 are resPQn5ible for keepin8 adequ•¢e •ccounting record5 that •re sufficient to show and e¥plain the charitaNe companrfs transartions and dixlose ith reasonable accuracy at any time the financial pDsIti of the charitable company and the and enable them to Ènsure that the finanEial 5taternent5 comply with the Cornpanies Act 2ffl6. They are also respoTrgble for safeguarding the assets ol the charitable £ompa4)v and the group and hen£e I¢Y tskin8 feasonable tteps for the prev￿tth and 4JetertK+n of fraud and other irreiularths. The Trustee5 are responyble for the fflaintenance and integrity of ihe tharitable company's websire. Le8islation in the United Kingdom governing the prepar•tyon dissem1rt•ts￿ of financial staterents may differ frorn legislation in othwjuri5dictK)n> So far asthe TrLJ5tees ore •ware= there is no rdevant audrf( information ofwhsch thecoffwn￿5 •Jdrf(orsare u￿ware,. and the Tru5tee5 haveta*en all the steps that ihey¢)J8ht to havetaken as a Trustee In order io make Ihemsdvesawaie of any relevantaudit informoticn andtoe5tab1i5hthatthecornpan￿saUd1tors are aware of that iTrformation. 16

Ref. DXGT.%7kI￿x8 20 trkn2025 15.46".07 GIITIUTC +010 2r2 P 18149 The Dartington Hall Trust Dlreaorf Indemnities As permitted by theArticlesolAssociation. the rreoy$h•vetheb￿efft of an indemrmtywlith is a qualifwn8 third-party indernnitv prowsion as defined by Sert1￿ 234 of the Companies Ad 20(￿. The indemnity was in lorcethroughout the lastffinancial yearandcufrentlyremaiftsso. Thecompanyalso purchased an¢Ymaintained throughout the f￿ancY41 year DlrertOr￿ and Officer5. liobility insurantt in respert tsf [ts￿f and it5 Dirertor5. The report of theTrustee$. which indudesthe Slvotwc Aeporton p4es4 to 9. 4sapproved bythe Trustee$ on 2￿ November 2025. Lord Da*id Tr￿p￿Tr Direaor ￿Tn￿lee 28 November 2025 17

Viril￿1&9￿31uIeT1Urrfa¢l￿J￿Re￿. DXGT-XIW2XB 28 15..46￿? GIITILITC 40102n P 19149 The Dartington Hall Trust Indwwjdentaythtorfs reptyt Indtp¢ndent AUdI￿S Rewt tothe Mernbe￿ ofThe DartinIt￿ H￿T￿St Opinion Independent Audlti¢s Repryt to th¢ Mtmbas dThe HaMTrurt Opini4 We have authted thefinaroal St￿e￿￿nts ofThe Dortington Hal Tru# lthe'p8rent£haritable company'l aTrJ it5 subsi¢Jiaries Ithe'yfyjp'l lorthe 18-mMth period ended 28 February 2025 whith compr¢sethe Consolidated Statement of finaniial A¢tivrties lincludiN4 the income and expenditureaccountl. the Conx)lidated and Charity Balance Sheets. the Consdidated Ststement of C•sh Aow5 4rKI notes to the fihancial statements. indudin&518rAfiunt arcwntin8p01ic￿S. The financial reportln8 framework that has been applied in their preparatK)n is ap￿1¢able law and United ￿nEdoM Accounting St4ndards. includiry FinanEial RepDrtift8 Standard 102 The Finantiol Rewrting Stoftdordt¥pplkoble fft the UKondRepvbltcof Irelund Iunited KinEdom GenerallyAccepted Accounting Prarticel- In our opinion the financvdl 5tatements= give a true and fair￿eWolthe State of theyow'$ and P•Tent chariiabkcompanrfs affairsas at 2B February 2025. and of the8roup's inCL￿1n8 resources and applKation Of re5our¢es. ifi¢luding its incorne and expenditure. forthe l&month period thefi ended. have properfypreporeil in arcordancewith United King￿M General￿ACCePted Accounting Pradiie. a￿1 have been prepared in att￿&￿e with the requirements ofthe Comwies Act 2(￿76. We c¢￿dUtted our audit in accordancewith Intemaiional Standards on Auditing IUKI IISAS IUKII and applKable law. l)Jr responsibilrtie5 under th05e5tanthrd5 arelurtherde5(ribed in the auditor responsibilitieslor the a￿lt of the finan¢i41 statements settKJn of our report. We are independent of the group and parent charitable company accordancewith the eth￿al requrefflentsthat are relevanttoourauditofthefinancial statements in the UK. includin8 the FRC'S Ethical SEandard. and we have hjlfilled our othere1h￿al TÈsponsibilitiÈs IN accordance vAth these requirwnents. We beIi￿ethatthe •Jtht e¥threwe ha obtained is sufficient and amropriate to prowde a basis for our opinion. Mitertal ￿n￿rtaIntyre1•tQ￿I￿￿wY¢O￿¢zrn we draw attention to note I"Preparètion of the Annual report and finanoal statements on a goin8concern ba5i5- in the finanri41staterner￿. whith indates thattheGroup coniintsestocompkne ihe implementation of the rw strategy. As stated in note l. these e￿tsU(0￿dltth% otherfflatt￿ as setlorth in note l. indicate that 3 material Uncertaintye￿StS thai may casi &Enificant dDubt on the Group's abilityto ￿tinUe 45 4 goinB concem. Our opinion 15 not rn0(￿rIed IA resp¢¢tof this matt¥. In auditing the financial st•ternents. havecontluded that the Trustees. use of thegthn8 concern basis of accountin8 in the preparatwn of ihe finanoal 5tstemerbts 15 appropriate. Our respOn￿bilItIeS and the ￿5r￿￿b￿1tle5 of theTrustees ￿ respertto 8OMI8 Concern aredescribÈd in the relevant sections of thi5 rep(rt- Otherlnftym•tkni The other information comprises the inforniat￿n irKSuded in the trustees Annuol Report, other than the financial statement5 and our •uditorfs rewt thereon. ThetruMees are resPOn￿bIe for the other information Contained within the Annual Report. opinw on the financial 5tstement5 does not cover the other informatiw ond. exttpt to the extent Otherwise expli¢tdy #ated ih our reptyt we do not express anv forrn of 4Murance ¢on¢lusion thereon. ourresponwts.lity isto read the other information aTrJ. in doin¥ so. £￿sider whether the otherinformabon is mateTially intong5tent with the finarbcial StateM￿ts or our knowledge obtained wt the course of the audit or oihewse appear5 10 be maierially misst3ted. If we identify Such material inconsisienciesor appO￿TrI m•ti4 misst•temtnts. Wea￿ Tequed io determine vknether this

y1th￿L￿gI￿)iWIr￿Su￿Kffi W DxGT.X/PAY￿2X0 28 202S 1S..46."07&ATIUTC 40&02fLpaw49 The Dartlngton Hall Trust Independent audttoes report give5 ri5eto i m•teri•l misst•tement in the fin•nc4151•temeiitsww￿seI￿e$. If. based on the work we have performed. we cO￿lUde that there is a rnateri￿ misstatement ofthi50ther infrfflwtion. ￿ are rewired to report that fart. We have nothingto rem in this fe8ard. Opinlons on othv matter5 Prn5ryl￿d bytheCtyTrpaniesAcl 2￿5 In our opinion. based on the wort undertaken in ihe course of thtiudit.. the information gwen in thetrustees. report lincorporatTni the strategic report and the director5. report) for the fina￿tal ￿0d for whith the finorKial 5tsteffents •re is ¢ohSlStent with the ffinancial statements,. and the strètew¢ re￿￿ and the thrertrxs. rep)rt have been prepared in accordance ￿th ap￿ICable legal requirefflents. Manews on %•th we are rryared to report byexcepl In the light of the knowledge and understanding of the Krwp and parent charitsble cornpany aTrLS it5 environment Obtair￿ irb the cour5È of the alKliL we have not idth)tsr￿ Mat￿la1 ftmsstatements in the strateglc report and the directors. reFort. We have [￿th￿£ to repcrt in re5pert ofthefolloir¥ matter5 in ret4tim to whith the fympanies Act 2006 qui￿$ us to report to you if, in our O￿n￿)n'. adequate and suificieni accounting records have not been kety by the parent charitable company or raurns adequate for ouraydit have not been rece&ved from branches not visited by us.. or the parent charitablecompany's finanoal $￿t￿nts8re r&)1 in agrttrrent vAth the •ccountinB record5 and retuTns; or certain disc1(￿re5 of direclors. remuneration 5Petified by are made.. or we have not receNed all the inforrnatiw and eX￿a￿attOrl5 ￿ require for our audit. Opinion other mttersprestiibed bythe Offiee lor studett￿ Act¢￿￿ts Olrectoon In our opinion, fvnds from whatever Source administered bythe parent chantawecornpfiyfor the specific purposes havebeen applied io those purr)sesand managed in a(Crffdar￿ Iwth rdevaTht legi￿at￿)n. We have nothing to rerM)rt in respett of ihefollowng matterin rdatioTr to whith the Office fDrStudent5' Accwnts Dirtttion reguiies usto reptrrt to you if. in our opinKJn theparent charitable companvs grant and fee inccme. as disclosed in the notesto the financwl StsteM￿t5. has been materiolly rnb55¢4ted. RespMsibilitie5 0ltrurtrt5 s explained morefull¥ in the Statement of Trustees. Responskn"liiies. Ihe trustees (who are also the direuors of the parentch•rit¥We coffip4rbY forthe purposes of ¢i)mpafiy lawl are ￿Pon￿bIe forthe prepafètion of the financial staiements and for being Satisf￿ thai they &i¥e a true and fairview. and for such internal control as thetrustes deteimine is nÈtessary to enable the preparatH)n of finantial statements thatare free from material misststemenL whether d￿10 fraud or error. In preparingthefinanoal ststernentx the trustees ¥e TesponytAe for455essim8 thEgroup and parent charitsble company's ability io continueas a concern. disc￿51Th& as applicable, matiers related to going concern and using the goin&corKem ba515 of accounting unless tI￿t￿ste25 wther iniend tt> liquidate the 8roup or parent charitable c(¥npany or to ceaseoperations crf havem realistic èhematNe bjt to do so. Audilor responsitstiesfr# the dit ol thtfifiancl￿ smements We have been ap￿nted auditor urKlerthe Comp•AiesAct 2(K)6 repjrt ￿ accord￿e￿th thiAtt. Our objectivesare toobtsin rea￿a￿e assurance about ¥thether the financial ststements 45 a whole are free from Material misstatement. Yfythether due to fraud or error. and to issue an au¢fitorfs report that includes our opini￿. Rea50naNe assuran￿ is a hi8h level of assurance but is not a Iuaraniee thai an audit c¢)nducted in accordarKe With IUS IUKI wll always detert a material misstatementwhen it exists. Misstatements can arise from fraud or error and are cOn￿dered rnaterkal if. individually or in ihe a￿relate, they could rea50nabty be expecied to infiuenre thEecorwJfflK deosionsof u5erstoken on theb•y5 01 the5efinonciJl $14temeh 19

riua1&￿atut¢ Tr•saty¢nllef DXGT-X7htr¥2XB28Pkn 2ty15 15461)I wrc •010 ¥2 P ?IM9 The Dartington Hall Trust Indepenknt audito¢s¥eport Irregularit￿. irKludin8froud. are inSt￿ceS of rLwdwed the nature oftr* fftdustry and settty. ¢tyitrol envinift*nt and buwess performance.. We have Con￿der￿ the resulis of ¢>Jr enquiries of mana8effniand the Board ab£￿t iheirowTh identification and asse5srnent of the risk of irregulariiie5- For any matters idenrthed we hoyeobiained and rewed the parent Charitab￿ company'5 documentation oltheif policies and pr￿￿ule$ rdatin8 to.. Identifyin& e¥aluatinE and complwnE wih laws and regulations thethertheywere aw•re of any instarKes of n￿-COmplIance.' Detetting and responding tothe risk ofhud and thetherthty h•ve k￿ee of att￿1. suspeded or alleged fraud.. and The internal tohtrobs established tr4 miti8ate the risks of fraLKI or MfvcomF4rdnce with laws and re8ulations. We haveconsidered the matters dtscussed amon8the auot en8a8ement ieam reiardinihow and where fraud mi8ht ¢)ctur in thÈhnancial statements ènd potenbal indicators olfraud. As a re5vIt of these PTo¢eduTeS, we haveconsidered the opportunrti and incentives that may e￿$t ￿thIn ihe LVEanisath?n for fraud and Klwtified the hvdhest area of risk to be in relation ￿ inc(xne recoinitK)n, wth a partirular risk in relation to ￿￿10d-end cut off. In common With all audits under ISAS IUKI we arealso required to perform specific procedure5 to respmd to the risk gf ffl4nagen￿t overTKIe. We a150 1)btained afi undetstandiw ofthe leyl a)d rel￿atOryfrarne￿￿ths thattheyoup and parent chantable company operate5 in. Iocu5int on prow$￿tin5 of those l•ws and regulations t￿t had a dire¢teffert ¢n the determination ol material amtyJnts and disdosures in the financial statements. The key laws and regulation5 we considered in this context induded thecharities SORP IFRS 1021- Ac£ounting and Reporting bv Charities and the Financial Reporting S￿ndard applicable in the UK and Republic of Ireland IFRS 1021. In addibon. we hove considered provisi¢)ns of other laws and re8ulaticffis that do not have a direct effett on the financial Stalery￿n1s but con¥)liancewith whith moy befundaffental tothe grovp's and parent charitable tompanrfs ability to operate orto a¥￿d a material penalty. These indude data protection re8ulaiion5. health safety regulations. li¢ensin8 actsand empknymert lewslation. A$ 3 resuh of performln8 the abO¥eWo￿dUres. have cui-off of rwenue reco8nitiOn as a audlt matter reloted tothe potential riskol fr4ud. Our Pr￿ed￿re$ to ￿SpOnd to r￿kS Klwlifie(l inclwled the fdlowing: Documentin8 and validatin8 the cMtr4Y environment for income and debtors and carrying out walkthfou8h te5tin& Undertaknn8 5ubstantbve Sarnpl￿￿sed teStinuorpr￿f in total calculatt￿30n all m4ter+al revenue streams to ensure re￿nve has been recognised appropriately and accurate￿." Qm5iderin8 manual inc£¥nejoumals as partof our work on fra￿1 risks documented above.. Reviewing thefinanrial Statern￿l di5do5ure5 and te5tin8tO 5UPPQrtiTrg documentstiDrb' Enquiring of rnanagerrent concvning 4Ctu41 and potential libgation daims.. Perfermin8 analytKal yocedures to identify any unLtstsal cv unexpeaed Telaiinships that may indicate risks of material fflisstaternent. Reading rninvtes of Meetings of those thorged Mrith governance." and In addressin8 the risk ol fraud thiou8h mana8ement override olcontrols. tesiin8theappropr¥ateTresS ofjournal entries and other adjustrnents. a55e5yThgw￿theTthe judgements mode in making accttLthtint estimates are indKative of a potentkal bias evaluating the ￿￿rte$s r•ti¢male of any significanttransa(ti0Ths that are ￿￿￿JaI0To￿5Ide the Dornial course of business. These procedweswerecon5idered at both the parent thaiitsble companyand subs¥&ary level a5 akyroprwte. 20

ViftriSwn&1weTr￿$aCt￿JftAef. OXGT-X7ktr92XB28 ￿ 202S 15..4&117GMTIVTC 40)D2ttP22149 The Dartington Hall Trust Independent auditorfs repwl We also communicated ielevant laws and regthtions and pothrtkal fraud risks to all engagement team member5 and rernained alut to any inth't•tionsoffraud or n(¥FcorrWv4Thce with law5 and regulotion5 throughout the audit. Our audit procedures wefe de&gned to respond to risks of material misstatement in the financial ststements. recogni￿n8th￿l the risk of not detecting a rn•ierial mi5Statement due tofraud 15 hi8herthan the risk of not det￿11￿8 one resulting from an error. asliaud mayinvdve deliberatÈ£on¢ealment by. for exarnple, forgery, misrepre5entatlOn5 or throu8h collusion. There are inherent limitation5 in the •udit procedyTe5 perforrned aThd tho further removed non-com￿lance with lawsand re¢vlations is Irom ihe eventsand iran￿rtionS refiected in the fin•n¢itil 5tstements. the le￿ likety Yhukl become3￿are of IL Afurther de5CriPtion of <)ur respongbilitiesfor the èudit t>f the fir￿n¢la1 statements is Iwated on the Financi¥l Reportin8 Council's website at.. wrnw.frc. audr(orsres ngbilifies. This de5UiPtion forms part of our Auditi)rs' Report. Use of47ur rewt This report 15 rnade 501ety to the eh•11t•b￿ ¢tymponTrKs mernbers. 0$ • body. In •ttOfd•n¢e wrth thapter 3 of Part 16 of the Compan￿5 AU 21YJ6. To the fullest extent permitted by law. we do not accept or assurne resw)nskn'lity to artyone otherthan the charitable Cl￿PaThY and tl Ch￿table ¢omp¥rfs M￿ber$I$ body. for Our audit work, for thi5 report. or forthe opnionswe have forrned. CraiE Suifi¥an (Seniw Ststutory￿dItor1 for and on tehalf of Bishop FleminKAudit Linmted Plyrnouth 28 November 2025 21

R¢f. DXGT.X7kts92X82a Trkn2O25 154$1J7 L41Tiufc +OID ¥2 P2￿9 The Dartington Hall Trust Consolidated statement of fin￿0a1 adi¥itse5 lor the period to 28 February 2025 linduding the irKome andexpenditureaccoJnt) Llnrestv￿e& Re5trKt 70ts1 Periodto Total Yearto Perh￿ to Putod to W0212015 WQ21202S 311LI912023 IR(ome frorrL 215 IrKomefrom charir3ble3ai￿ 359 24 IKomefrom tradryartNtrS InvestTh￿Thf irKon 702 orher Income 715 715 272 Toial iTh¢ome 846 E4>enditure on: EMwdrtu￿on ¢haritat4eartMties 12.387 Ewditvteon l￿ding artiwries EMppndi¢ureon ra151n8fund5 Closeddefined benefrt schemems¢ 4ZI Total E¥endure jnslllosses 17 79 Nel IV12 7.442 11581 Pletlnromel lewpenrfitwe ot1￿1 re¢o¢ntsed11055esl: AcLuarialBainslllosse5jon defined beneftt ngon stheme l Netm¢wemeffitiTrlvnd5 23 256 256 36 937 j Transfefs beiween fund5 Total fund5 rforard l.C62 27.S67 32.6fy1 Total fund5arried foThMvd 19 370 ia4 27 The ststement of fth4n¢ial •¢tivities MKludes •ll gaihs and losses recoEnised in the year. IrKome and expenditure relates to continuing and disconiinued attry1t￿$. a5 analysed on page 23. The notes on pages 26t046f￿rn part 01t￿￿nan￿aI Stste￿t* 22

Trans￿kn Ref. OXGT.XTW2Xe 28kn 15".4fj."OT GMT(VTe •OID 2r2 P24149 The Dartington Hall Trust Consolidated ststement of finanoal aclivltles for the period to 28 Felyuary 2025 It￿￿T￿ed5 Analysis of cofitinuing and (ffi5continued artivitses Perlod to Z 2025 Total tsoDation5 and IEW5 lrtornèfrom ¢hariiableattr¥ 12 215 66 6.324 IrKomefrom tr•Jin8 Inve5trnent Other incorne 715 715 Total In(offle Expenditu¥e oTh£haritatleactI￿1le5 Expenditu￿ on tradin8ackn￿l￿s losed del￿ned trtr¢F￿%A?n 5chEmQCO 38 13 5230 568 Total Expendkure inslllossesl on irt¥e5tments 13 Ne¢ 11112 7.442 7.442 Year to31L activi lasstsied) Totsl rknTrat￿nSand le83ues Inc¢mefrim ch3riteaarbes 6,502 In¢tYnelram tr￿￿1¥¢￿￿$ InVestM￿ti￿arne 5.320 n2 Other in¢ome 272 272 Expenditureoncharira￿eJ£tith1ie5 Expenditureontradiry_acb ExpendItu￿On(aISnSIthds Closed defined benefrt penygn5cheme¢osL l Totsl Expe_ndltWE ITr51(lo￿s) on Inves￿nts Netln¢•rtIleX￿fidrtWeI 5503 421 411 IV12 158 The notes on pa8es Z6 to46fomi ofthese financial ￿¥tements.

Rrf OxGT.xiM&￿X￿ I5".16￿7 NITwfc 4010 212PYJ149 The Dartington Hall Trust cort￿11dated and Charity Balance Sheets as at 28 February 2025 Grou 28 Wuary Z025 Cha 28 F¢￿￿ry 2025 31Atrpst 20 FlxedA5ts: TèwblEa5set5 11.026 Herita8eassets IrtVe5rmerts io 550 611 5SO 621 LL 19 Invesrments insub%diary.undertJryF_ l A55etsheld for resale TOtsifthedaS￿ts li 345 12 133 770 133 CuFrenta5sets Stock 14 114 331 30 ors 662 494 3.457 20¢ 3.013 Total¢urrEnt ￿ets Creditors.. •n¢YJhtstslliry¥Ouewithin o ear I P4•t ¢uiventos%ets l Tot•1 asets ss¢wrrtUab Creditor5." amoyAtsfallin8 dutafter year 3537 16 1.281 4.952 sio} | Ju 1.4151 J45 34￿97 17 837 18 13401 14Èt0ssetsexd￿dITh￿.pen$￿￿ ￿bIrtY Delinedtnefii pen¥ort Scheme ITability 106 23 1524} {7151 17151 Totsinrfassrtf I7￿67 The •fihtCh•ii¢r. ReArf(thd in(ontfvnd5 134 134 621 Unresrrinedfunds Revaluètithi rese PensKTrn teserye l Total ufftresiritiedfvfids 7otlcharitylw 171$ 28.370 26.265 17 These finèKièl slaternentsw￿arVtyed b¢theBoarddTfttstseson 2P Ncwembw 2025atsJ were their beha Lord DldTrfesm Birtered fiurnber: 01485510 The note50n WEe$ 26 to46form ￿ ofthe5efinancialststemeiits. 24

Twisxtion Ref. OXGT.XW92X820 tr&y2Q25 15..46117 (UTC ￿10 2r2 p 26149 The Dartington Hall Trust Consolldated statement of cash Ilows forthe wixl to 28 February 2025 Perwto W02IZ025 Ye•rto WW2023 Nei cash used in operatin¥•￿I￿t 796 IntereM aThJ rentsfrom in¥esim 714 Purchèse of fiyed a￿et$ ProceEd5from Sale offTxed•WIS Proreedsfrorn 5aleof herita8ea55ets Proceed5fr¢rn5aleef iThvwmen15 647 ZB6 io Proteeds frorn 5aleof a55ets hddfotresale 630 14etca5h prn¥idedty invethg artv¥itS 55 )5 Cashllowlr4)Mfittart Loan principal draw avmentson kianfatslity Captal Ilet cashlrt 1318 1751 Incath a¢wJ ush I Cash3rQcash Cash •ndr4sh e4UiW41•ntsattreAdofth• rnWllw.pvh)d kn15inthe J249 vivalentsait Oft￿ ￿￿rtI 3.457 4.423 25

Ref. DXGT.XII•￿2X8 28 15.46S)T Gk•Tiufc +010 112 P J149 The Dartington Hall Trust Notesto the flnantial statements Accounting policies 8a515 of accountini These financial statements have been prepored in CLxnpliance and Rewrtini by tharthes.. StatemeTht tsf Re£ommended PractKeapplicabletocharitses weparing theirfinancial statementsin accordance th the Fmancial ReForting Standard appliCa￿e in the UK and RepublK of IrdaThl IFR51021- ICharitie5 SORP IFR510211. the Financial Reporting stsndard a￿￿able in the UK and Rewblic of Ireland IFR51021 and the CompansAct 2006. The Dartington Hall Trust meets ihe defin1kn￿ of a wblic ber￿fil enmy uTrJer FRS102. Assets and liabilities are initiallyrecognised at historKal c05tor transartion value ￿￿￿$50ther¥rt5es￿le￿In the relevant accounting policy note[51. Preparation ol the Annual rewt Ind financial st•ternents on wncem b￿15 The Consolidated and Charityfinancial statements have been prepared on a ￿lAg corKem basrs. The Trust has reported a swplus of £681k for Ehe period to 28 February 2025 lyearto 31 August 2023.. deficit of É4,691kl. Net Cash outflow Irtyn operating 3ctiTr1it￿ was £12,122k12023.. £1.796kl and after investing aciivities but before finanon8 acil¥it￿$ was £5.567k 12023.. £891kl vthich iThdude5 £4.210k 12023. É926kl receipts frorn asset sales. Cash at bank asat 28 February 2025 amtyjnted 10 £208k131 A¥ust 2023.. £3.45ThI. Followin8 a revaluation OF the investment property portfolio. net assets It 28 Febrvory 2025 were £28,504k 12023.. £27,567kl. reflertsng the strength of the balance sheet. notwrthstanding a number of years where the Trust has operated at a defiol Following the 4PFK)intrnentofthenew interim management ieamdwinithegJmffr of 2023. the focus in the period has been on iM￿•￿ntIng a plan whereby the Trust operate on o cash positNe boy5. to ill¢)w ittt> Iiivest in the estste and further fvlfil itstharilab￿ objeal￿5. This has i￿￿Jded cornp1ei￿n of ihe sale of rnn<ore esta￿ knd. other non The siBnififant Costs of restruttuftng have resulted in a net cash oufflow for the period. The Trustees are managin8 the r￿k of breaching bank rowiants through ffi8oing di5CU55K)ns its banker5 to amwd ¢ovenants where netS5ary to feflert the timin8 of the restrurturin8 process and obtainin8 additional loan finance secured by way of fixed and floatin8iharges over cértaifi assetsof tht Trust. The next pha5eottheplan focu5e5 tsn In¢￿aSIng furthw the utilisation tsfthÈ land arKI buildings on theestate. working ￿th partnefs as apwopriate. to enhance the abilty to genwate incremental reveThue5 and coniinue to attra￿￿￿¢¢)r5 to the hi#Ori¢ exate. The Trust a5 prepared income and expwditure and cash flow forecasts to December 2026 which show that theT￿￿t can continue to operoteand ply itsdebts a5 thEyl•ll du The Trustees have taken Into conyderation the cwsidernble 5treneth of the baiirtt sheet and the fact that histaric boDk Va￿￿5 undÈrstste the true value of the asset base. Whilst there are no current ￿anS to realise gnificant fundsvia asset sales. the T￿Slee$in theK•5sess￿nI ofthe 1¢Y￿cOncern 5tstU5 of theTrust. have tsken iThto wnsider4tllXl Ihe ability todo so. After c￿yderatiOn of the Trusvs and cash-flow lorecasts. the Trustees are satisfied that the Trust ￿11 be able to continue to settle Its liabilities as they fall due for a pe￿d of at least 12 months from the date of siEn1￿ t￿Sef1￿￿1•1 statements. 26

RLV. OXGT.x￿g2XB 28 Fw2025 15."WIL￿1UTc ￿￿02r2 P 28f49 The Dartington Hall Trust Nrtestothefinan(4al Statements On thE b•515 described 41)ove. the Trustees have conduded that they have a reasonable eXp￿￿tiOn that the Trnst has adequate resources to continue in operational existÈnce for the lofeseeabkfuture. Forthis reason. they continye to adoptthe ityng cwcem basi5 in preparing the ffiTrar•oal staternents. However. the Trustees acknowled8e that there is still risk invd¥ed as they compkte the impkmentation of the new strète8V, Particularly con5idefin8 the current econornK circumstarKe5 and their impart on the h05pitslity sector. This inevitably means that there is the e￿sth￿Ce of a mètwial uncertaintyoNv the Tfust's at¥lrty to Continue as 80inE toncem. Companystaths The Charity 15 a compan¥ IirNted by waramee and 15 reEiStered ￿ Englar￿_ The rewllered office of the eniity is The Elmhirst Centre. Dartington Hall. Totnes. Devon. TQ9 6EL In the event ol the Charity beini woynd up. the liabilmi in respert of the8uaranlee is limrted to Él per member of the Charity- Group flnanoal rtaternw Con501idated financial staiemtrits have been in respe¢t of the ¢haritaty￿ ¢¢)rnp•ny #nd Its subsidiarie5. on a line by line basi> AU inira group transactions and balances have been elinNnated on consolidation. In a Intome fron) tharitable auiwties. whrfh includes income rec•ved under contratt or wheTe entitlÈmeftt io grani lundin8 is subje£t to specific performance corvJitK)ns. is re£o8nised as earned a5 the Telated good5 or services are pr￿Ided. This iTrcryr￿ i5treatedasdeferred when itis received in ad¥arKeof the attl￿tytowh￿h it relates. Intryne from lov￿rnent Iraiits 15 retoenised in the per•)d in whKh it becOff￿$ recei¥at4e. The Trust receives the benefit of carried by ¥rAurfeers. the value of whi¢h is r￿t indLNJed in the financial ststements. Gift5 in kind are Included a5 income in the finarKial statements where the donated goodslservices can be reliab￿ valued and benefit our£haritsbSe objÈ£tives. In¢ornelrom tradiftiècti￿tleS ￿pIeSents1ht •mounts501d durinzthe year. exelu5Ne of value added tax. and the revenue is recognised in the financial statements when the goods are sold to the tustomer. Retail sales are made in the United KI￿d0M. Rents recv•l* ¥e ac¢wnted • acrn¥15 basi5 in¥estrneTht income is recognised on a receivable bays. T•thii)11 DartinEton. as a registered charity. is eyernpt taxation on irKome falling wihin settion 505 of the Taxe$ A¢t 1988 Or sertion 256 of the TaxatK)n of (h•rge¥ble G4in5 kt 1992 to the extent that thi5 is applied to its charIta￿e objectives. No rax char8e has wisen in its tradin8 SU￿"dorieS be£ause ol th•r policy of 8iftin8 tathble profrts to the parent charity each year. D•rtin8ton h45 no 5iffAl•r exemption frorn value added tax. Irrecoverable Value added tax is induded in the cost of those rtems io which it rdaies. All tsth2r intorne and expEn5es•re net Of value addedt•x. 27

vim0￿￿}￿AtL¥er1brtSaeIthl Rel. OXGT.X7KIWXB 26Nty 2025 1546•TC4ATiiifc •Ql D ¥kP2W49 The Dartington Hall Trust Notesto the fthancial ststements Re5aurtes eynded Ewendrture is recoEnised oTrre the￿ i% ¥ Wl or ¢onttructrve obliiation to make a payment to a third partv. "it is prob3blethat Sett￿meTht YMII be required and the amount of theobfigation can be measured reliably. expendiiure isaccwntedforoll anaccwa15baysand has been da55thed under4pwopfiatecategoryheadin8S. Cow of raising funds comprises the costs of attrattini w￿ntary towher with investr￿nt mana8erneni. Costs OfCharitab￿ inchjde core e¥w￿rt￿e¥￿wred inyJpFort of owtharitslAe obtrective5 and include both dirert and 511PPOrtCOSt5. Governance costsindudeth05e incurred inthegovunanceofthecharrtyand arÈprimarilyassociated with constitutional and ststutory reguirements. Svpport costs include function5 that assist work of the chaiTty but do direc￿ undertake eharitsble acttvities. Support costs1￿1￿definav￿e. informab0ntech￿1ogy.IelecomrnU￿Catl0n costs. human resource5. payroll. health and safety and wurtty tosts. aThJ have been allocated to activity costoteEones on a bays£ony5tent the use of resources. Where costs cannot bedirecyy attributed to wrticulirhe4din85.they have beofi apportK)ned io actNitiesoTh an appropriate basis. Terminaiiots beneffts Payffnts made to aployees when eryloyment is temiinathd are reco¢nised as an expense immediatelv. Flxed assets Tangib￿ fixed assets are S￿ed at historic purchase co# ￿$S aCcumu￿ted depreCiat￿Tr. The cost of tangible fixed assets ￿ their wrch•se ¢ort, to8ether ￿ any costs attritvjtsble to bfin&n8 the asset to rts workirrf condition for its intended use. Propvty utili5ed by thech•rity'5 4ftivrtie5 ￿ 5LlPPOrtof its tharftabletsbjethves 15 Stated at tost in the linanckal ststement> No depreciation has been charged on those properts there the lfves of the properbes are consdwed to be 50 long and redual values high erbouth toensure that there ts no significant depreciation. An annual review takes place to e5tsbli5h any perfflanent diminution in the value of these properties. This treatmÈnt may be a departure from the requirements of the Companies 2LNJ6 cofiterning depreciation of fi¥ed a55ets. However. these propertie5 are rKt hdd lor consumption but for iThVeSt￿nt and the Trustees Com￿￿￿ that syrtematic annual depreckation would be inappropriate. The accounting policy adopted 15 therefore rece55ary for the tinancial statÈmÈnts to yve a true and fair view. Oeprtciation or amortisation is OTh￿ one of the many factors reflerted in the property valuat￿$ and the whith rn￿hl otherwisehave been shtswn tannot be separately identsfied or4uantified. Fixed asset improvement costs are captalised * cost where the expenditure pro¥ide5 enhanced revenue 8eneratlOn OT reduces future £osts. other expendTture incurred in repairing and maintaining our land and bulldin85 is re(o¢nised in thefin0￿]aI ststerrentsas it Is IIKurred. Expenditure on fixed asset imwovements. ￿afit and equirMnenL mu&(al ￿$truments. computer equipmeni and motor vehicles costin¢over £S.LIM is capiialised. A I￿1 yeorfs depfetiati¢)n is ¢harged IN the vear of a£tyisitr)n artd M charge i* made in the year of disposal. Depreciation is pfowded io ￿lIe off ihe mst of these a55ets ty eiwal ann￿1 ￿$talMentS over their useful Ives. asfdltsw5'. Freehold property. fixed asset imwovemeTrts Phnt and equiprnefit MU￿clI instruments Computer equipment Motorvehith5 ssets wdef cOnStr￿tion S- Ioyears 4-40ye¥s 4 ye¥rs 4 years 4-Syears Not depreciated until asset is complete Ffeehold land Is not deweciated. 28

V¥tLKgkilg￿l￿￿Tr8lIÈRe¢ljn Rèl. DXGT-XThtsWkX8 28 ))25 15..46.07G14TILITC •O}D 2r2 pJts149 The Dartington Hall Trust Not•5 ty the flnandal 5tat•m•nts Herita4e •5sets .ThE Trust hold5 a coitiMof IwnitU￿ and works ol art wthith"refittts DartiWOlI'S heritage as a place of experiment and provBles context forourcurreni programme of actmiies. The Cdlecrion ha5 been a55embled o¥ermanyyear53nd cofflpri5esbooks. furniture. ¢etamic5. pa￿tIl￿and0thÉr wwks ofartssuth assculpture. The Dartington Collethon is dassthed as a heritage asset and is ¥alued In ihe financial statements at co￿. Expenditure required to preserve w prevent further detÈrioratioA of Indi￿d￿31 Collection items is reco8nised in the finanoal ststementsasit is incuryed. Stodt siocks which are goods hekl for resale are valwl at the Wer olfom arKI reall￿ble vahje after rn•ki Ilue allow•nce forob501Ete and dow-rMvw)8 iiems. Cost is ddennined U￿￿8 ihe wei8hted average method. Debto Trade and other debtors are reco8nised at the settlement affwjuni due after èny trade discount offered. Prepayments are valued at the amwnt prepaid net of any trade distounts due. Where trnde andlor other debtor arrangements represent a financing transartion. the transattion 15 measured at the present vue of fvture receipts di4counted ata market rateol intefest. Cash at bnkafid irt hd Cash at bank aad in hand indudes cash ond short turn hi8hty liquid inve5tmentswith a Short mJturty ofthreÈ months or lessfrom the dateof acquisition or¢)penin¢ of ihedepogt or5inikraccount. All listed ifiyestments afeststedatmarkeivalueatthe balan￿ shed dath. Investments in group tsndertakings are stated at C05t less any 1fflpa1rm￿t b5ses. In¥o5tm•ntpropvli Investment properties are included at viluation on •n existin8 use basis. ValuatKtins a￿ carried out on a annual basis. Those ère done either by woleSs￿nalIf qualthed sur¥eyors ertemal to the Trust or by desktop review5 by rnana8ernent of the Trust. For 2025, rnona8ernent undertook a desktop wew which had regard to external valuations carried by RICS re8iStered valuers on behalf of Triodos aTrJ UKAL No. 3 between February and (ktober 2024. The Trustees from time to time approve the disp￿1 of Certa￿ residential and commercial assds. The assds ve accordingtyc1o55ified as Assets held lor Resale. edltors and prwyw5 Creditors and provisi￿$ are recoBni5ed there the charity ha5 • FYe5ent obl￿•tH)n resultiw from a past event that will probably result in the iransler ol funds to a third party the arnount due io settle the obli8ation can be rnea5ured ore5timated rd&atrJy. Creditors and provi￿rA￿S￿re norrnamy rec0gni&edatth￿T settlement arnwnt after allown8 for any iradedisctyJntsdue. Renta15 applicable to operating leases where subsiantialty all of the benefits and risks of ownership remain %wth the lessor are char8ed to the 5taterrTht ol Financiaf A£1￿11￿(-S0FA"} on a stra¥ht-line basss over the perlod of the lease. Pensh)n costs Defined benefit p•nsiQn 5th•n Pension assdsand liabilitieserecorded in linewith FRS102.7th xheme¥aluationsupdated byiThJependent actuariesatthe balance sheet date. The fflost recent fvll actuoriol valuotKbfb was p￿pared to 6 Awl 2022. FRS102 measure5 the Yalue of pension assets and liabilit￿ at the balan£e sheet dètÈ and detemiihÈs the beneffts ac£rned in the year and the interest on assets and liakn"litie> Thi5 Scheme. which is closed to re entrants and to future accrual. provKle5 beneffits b•sed tsn fin41 pen5iunaWe salary. The operatirvd ¢o#s of the scheme and of pmxling benefits are apporboned to e4)onditure headiry in the SOF 29

vi￿31s￿Da1w￿TI￿ts￿￿0￿ Rer. oXGr.x7M￿xO28vkn 15."4G.I)T Lwrivrc 4OID ￿ P?1M9 The Dartington Hall Trust Notests7the f￿•n¢la1 SLTtements he￿ a55ets ore measured at fair wdlue at the balance SI￿ dote. kheme lia&lities Jre measured on On attuarial ba%s at the balance shtttdate and disctyJnted èt a raie equivalent to the current rate of return on a higlpqu41ity corporate bond of eouivalefit temi tothe st￿rne li•biSthes. The resulting defined benefit assd orliabilityis presented Separate￿On ihefaceofthebalancesheet. Oefined benefit assets are rero8ni5ed to the Extent that they are consKlered rectsverable thrw8h reduced Contributions in the futu￿ orthrough re(￿d$froM the xheme. Actuarial gain5Ind1055e5 ariynvfr￿ eXperi￿read1V5¢rnents1n￿ chan8e5 inhrtuariala$5umption5. together wilh the retum on plan assets. less amounts iThduded in rt interesL are charged or credited to other ie¢o8nised gains or losses. These an￿lJnts are dtsdosed IA the SOFA as attuarial 8ainslosses on defined benefit pension schemes. oaned untsibution pensiLm schemE Pensiw costs in respect of the defined contrknuuon schemearethar¢ed to the SOFA in the wric4J for which they ère payable. Such costs are allocatsd to attivitses between funds accordln8to an empws normal job function. EsWm¢$ and jud8•nen Preparation of the financi•l 5tsterrentsrequires thedirertorsto make si￿￿Kant e5timate5and Judge￿nts. The areasinthefinancial ￿atements where theseestimatesand J￿eMentS have been madeirlude". revitr￿Ing the inveniories hdd at the yeaT en￿ in particular of 5k)w mo￿n@ or ¢)bst)lete 5t(xk. where pm1s1onsa￿ re£wired.. deternwninEthe Valuab￿satt￿￿tstle io in¥erntwcwbes: deciding the eypetted useful life ol taryble fixed assets. The wynisatson's eAFerience i% c0Th￿de￿d togetherwth genefallyèc¢epted bertpractKewthw e5tsblthnEU5eéullife¥nd theappropriate ba5i50n whKh to preparethe financial siements- determiningv4hether tan&blefiMed assetsare yjbjettto iMpam￿t. and cakulatin8thedeficit3riswvdonthedefinedbenefftper￿nXhÉmQwhIchlnm)￿￿￿wfitènt*ImaIx)rt. Fund atcoumlni Unre$trl¢ted funds a￿ to further the ¢harii•tyt obJertive$ It the di5¢retson of the Trustees 4nd include de&8nated fvnds set èSK1e for spedfit purposes as declded by the Trullee5. fte5trfcted lund5 are used for 5petifit wrposes as Spe£rf￿ bytho donor Or bythe nature of the appeal. Donations and legacies Restrthd Totsl Totsi Periodto Peipjdto Year Ye•Tto Yeaf to 3gW2021 2810212025 2810212025 2810212025 JVMI2023 3￿12013 Donatiws 72 120 192 65 148 LeEac 23 29 Total 215 iQ6 30

Vi{tIi31S￿naI￿le Traly￿rI￿)N Ref. OxGT.x7Mfy92X828Nw￿2s 154fj07 wIL￿c 40102QP32Mg The Dartington Hall Trust Note5to the fina￿14 sl•tement5 Income from charitable activities Petp>d 10 Period 2810¥202S Ve4rt• Yea¥ to Vthvto ju081￿￿ £'otyJ ZBiOii1025 3VWOIJ Grnnt income 114 127 229 273 Partner irmme Coniptt incor forseNce5 969 Course fees 983 245 lJ18 Acknisstons sy Rents Chants￿2 events and hospitality Other L38 138 100 Totsi 52 Income from trading activities Periodto Yearto 10¥2025 1 3U081102J phalftv Totsi Ttytsi Costs 13,7461 11.4841 152301 15.S031 Z5D 183 Investment and other income Perndtr> 10212Q25 311OVIOZ3 lThtere5t on cashat bank 16 Rerrtal incor 696 Gain on saleof investsxerfs 12 702 Otherlncoffle Estate Utilit￿ incomE 223 Otherintome 49 r4)t¥l*JtherlrK•me Is 272 Tthal 974 Rentsl income exdwjesany rents recty¥ttl from the Chèrrfstrading 5ubsth"aries. 31

V￿¢￿4s￿O8lu￿ Ref. DxGT.X￿s2XB2o F4J¥3025 15..46n7G•ATILITC •OtrD2f2 p3Y49 The Dartington Hall Trust 14ote5tDthe fManri•l st•t•rnents Expenditure pport Totsi Yearto Pericoj io Pet￿dI0 ZWWZV25 Period io 28iOS1025 2010212025 3110812023 Expenditureon rai>nÉ fvnds EX￿ndit￿reon ch8riiaWe a¢bfft5- 9S9 LearnjnÉ prO￿rty TOtsieKpenditu￿0NchaIlla1￿e athities 4.332 6.838 Expe￿Iture0￿tr4din actmties Costof closed definEd benefit pensx)n scheTr Toral 421 19 Indi￿¢1 ¢osrs are direciiy allocated to charittNe •dMbes where possle. unalated support Costs are then apportioned the bay5 of • pror•Ytion of tharitalle costs incurred. riod to 2810212025 Year to 3V0812023 Supptyt(05ts Finan 67 532 HUn￿n Resour￿s& Payrcl 473 293 Informat￿)nT£h[X)IQ8v Central MaTha8ernent 349 464 GovÈmarKe 252 Total Central mana8ement supportcosts include £616kof insLY4rKec0515and £297kof trrrecoveratAeVATPreigL￿Y allo£ated direcdy to charitabje acti¥it￿$. Trustees. remuneration The charityTTU5tee5 were not paid and did not rEteive anyremuneration Orot￿ btnefitsfrorn employment with ihe Trust or it5 subsidiary company in the year12023". £nill. Trustees incurred of pockei expenses lor travel. Sub￿Stence and accomnv)tslion in the and wtre reimbutsed asfollows.. Perltylto 2810212025 PEADd to Y*orto 3110111013 Ythirto JUW202J Totsi 32

Ref. oXGT.X7M&￿XB 28 IS..46."07 L¥ATIUTC +010 2r2PJW9 The Dartington Hall Trust Notsstothe lIn￿￿11 swements . Group staff costs perh￿ to W02n02S Ve¥to aW12023 Wa8e5and sries Sooal secwty costs 71 513 247 osiofc105ed defi￿￿ tfit scwie 421 Totsl Redundanry and loss of office payrrthts 01 £189k 12023.. £2811 are in¢luded within the wales and salaries amwTht. The number ofemFAoyees whose emolvmentsamounted io o¥er £W.CrfX) in the period 4weas follthws.. Ptriod 10 Year to JVIW2023 Ftsmbtr 2810212025 E60.OC(S- E69.999 É?O,LW- E79.999 É80.(J))- E .999 £90.CQO- É99.999 EifiJ.000- É109.999 ÉLIO.Q))- É119.999 In the penod to 28 February 2025. Aty mefflber5 of staff Èarnin8 in excess of £60.WO12023'. ￿e) participated in the defined bonefit pensiL¥) scheme. Pensim contribtitions of £2 12023: £30kl *Yre rthje in retstion tts membws of staff eaming in exce55 of £60.OCQ. Key rnanagemenl intlude5 the Trustees Inooe of whom are remunerated) and the mErnber5 01 the Senior mana8emeni ieam. as detri￿ on page 47. The compengtion paid ar Payab￿ to kty marsa8ement is shown below.. Pewvjd to 28102n025 Y￿rt9 3Vu#12023 Trfal Charity kry manapwt Tradin8key manawient TotsiGmupK¢Y mana8emert 16 S2 3S Redundancy and IDSS oloffi£e costs of£nd12023.. £28kl tor key M￿age￿￿tare1nduded in rernfftr•t￿n for serwces above. 33

Rof. DXGf.%7F4WXB 21 15."46..QT(wfiuTC 40) D 2r2 P3%149 The Dartington Hall Trust Notesto thellnandal staternwts The average rnonthtyT number oferyknyees was.. Pèritidto 2VOZI2025 Number Y•ar•nded 311IW1013 Flumbor 7Trdin6 ￿t￿litIeS Ch3ritable attivit 216 Toial 214 364 Net (expenditure) / income etlewnthturll tsstatod aftertharyin Gro PErhJdt 28102IZ025 Ye•r¢o Yearto JVoii202J rwo folbwini- Avditors. remuneratic Avditfees VAY&fa athfisorysei¥i¢es Opetabnglease si 31 li io Land and b￿l￿41Th PepreciatK47 of owned assets L0551 (g3inl on dispo$3lorè￿ts F￿d assets 525 378 65 13 Herit38e assets A55etsforres io io

Iri￿￿￿￿a1UI￿ TTBrI5ad￿n Rd. DXGY-X7W.92XB 28trkn4 2D25 15.46¥J7 CWTIUTC +0102r2PX14 The Dartlngton Hall Trust Notes tothe ststemeDts loa Charity: Tangible assets At31AWZOZJ Cost 16 A¢cvmulaied de I Iltbo0k¥al￿• 14.0791 9.356 6Zi 11.516 Openin8 net affKJLmi Addltions 621 233 162 ?L 466 Transfers- cost Transfers-¥CumuL?teddeprwa reciation thar efc 427 181 1262 oyn TrEtbvrAL•rntwnt 550 At I#F•bNarylO?S C05t Accumvlaredde retK)t 14.3411 15,lJ81 S￿n I.IB9 550 7MIO lob Group.. Tangible assets Tatrl E'ooo AI JI Aw8y#2023 Cost 621 umulatedde L.2L 16.0111 11.647 1ffi70 621 At 21 Fobru•ry_ZOts Openjn¥n2t bDDarnouryt A&Jition5 670 621 Diwsals Translers-cost Transler5- aCC￿￿Ul￿ted 427 427 Depr£cRtion ¢harEefot period Iiei bo•k4mwrtt 5.671 1281 550 7.502 At28 Felv Cost Accum￿teddEpret1atm￿1 l aosltynet bookamount 17971 Sh71 15.1031 1281 550 7.502 Freehow knd and build￿85 with • c¥ryry vJluE of ￿.2rn are pledged a5 5ttuntyfor the youp'5 PEn5ion fuTrJ liab4￿.

WirWal&DI)ture TrJiisatyw Rgf. oXGT.X7K￿92%8 28 P&yrf2D25 15".4fv01GuT￿c +010 2r2 P37M9 The Dartington Hall Trust Nots5to the 5taternw IOC Further information on the Trusvs collertion of heritage assets Furnitureandworksofartheldas part0f1heDart￿ltOn¢ti1be¢b￿jrt<c￿￿eTed htrrtw¥ssetsaMlJreindwJed inthe frn•noal strt￿ts at hi5torKal c05t. Da￿￿8¢￿ ¢ol¢¢t The Trust hdds a cdleCt￿n of furniture and Drks of art refietts Dartington as a ￿aCe of experimeni and p¥ovides context for ourturrent programme of adivitie5. The Collertion h•$ been a55embled over rn•ny years3nd comprise5 books. furniture. ceramK5. PaiThtin8sand other works of arts such as sculpture. Presevvatitih m••yment Oartington maintainsan electronic calaloqueofallrten￿In the collecti￿ and all conservation work perfomied on thecollection is Tecwded inthi5 r*4108ue. Item50f thEccllectN)Tr4re displayed throughoutThe Dartington Hall estate and on loan to 8alleries to wden access fvrther. li Charity and Group Investments nty." Investment I nd rtaki rties At 31 August 2023 Tran￿erfrOffl Freehokl landand builjin T￿nSfer￿roM 3ssetsf¢v re5a 423 Aewdluationll¥ irmentl 3.883 13451 Al 28 FobNary1025 to￿(01 c05t At 31 August 2023 I At28Febry•ry 2015 2ffi22 345 s.ilo 345 Investment property is induded ￿ the financial ￿atements at valuation. based on existing Use. Vilu•tion5 as t 28 February 2025 have been assessed and 5UPPOrted byre¥iew5 undertaken by RICS reEi5tered valuefs. Investmeth yopefties Ymth a total orryirvd Yalue of£18.4m ae pkd8ed as se¢wity for 8rourfs pe￿0￿ fund liability1£3.4ml andthegroup s bank k)èn51£15.Iml. 28102115 Ch4rityart4 ¢t¢￿-. l¢westmenr propw

tuJaisi￿al￿￿T￿S￿￿￿ A8f. OXGT.X71￿92X6 M)25 15"IGITrXC4IT(UTC 4010 2r2P38149 The Dartington Hall Trust Note5tothe 5tatemenlS 12 Assets held for resale Groy Is JiIWz3 Jilo8121 £'ooo At 31 August 2023 Tr3n5ferltollfrom ifNeanwts Transfer fromtan8ibleassus 770 423 753 753 133 133 L7 17 3471 13471 16aOI I At28F•bNa 2025 133 770 Assets held lorresale with • carrwnAvalueof £133kareplEdBed asseuwrtyfarthegrDurfsbank loan Gro 31108121 rth)o 02125 2810212S 311OV23 Openin883laKe 19 19 133 156 13 Subsldlary undertaklngs Subsidi¥ry undertakinos are sknbii bel¢￿. NaturEof contr4A Dartihetoh Trading Company ￿miled (The) Retail. knomnN)dation & I￿01¢Y owned byThe Oartingron Hall ¢aterin# TrLtst-IOO% of ordinary shales Whollyowned byThE Dartington H•ll Trts5t-IOO% of ordinary shares DartlngtoTh Hall Pen￿on Tru5tee5 Limited CrypcKateTru5te Schumacher College Foundotion gjpport Schumod Colle8e Whojlyrontrolbed. Majority of trustees are either Trustees or Senior Persomel ol The Dartin8ton Hall Trust Dartington Accornrn<¥dation and Caierin8 Service5 Lirnited Dormant Vlhotlyowned byThe Dartin8ton Hall Tru5t.l(XMof oydinary Shares. ThewhollyownedtradingsubsKliaiiesareall inCor￿rated in the Uniied Theseenterpri5es payall tsxable profrtsto the Chwity byBift I￿. Darbngton ACcOn￿Odati￿ and Caierifig knmited (eased to trade on 31 August 2021 at which date the trade. assets and lia￿litie$WeretraThSferfed to DartiTroon TradinK Company Limited. Dartington Tradin8 Company Limrted {Com￿nY Number.. 012183781 continue5 to rnn the tradin¢ artNitie5 on DartinEton Estateand has artivity in the fjder P￿$$ Centre arKI IN The Courtyard. Schumachtrcollege Fwndation Icompony Number." 2654911 tharity Nurrthr". 10579151. whdstno l0ngeratt￿efy supportMKg Schumacher Cd*, intends to cOnt￿￿e to worn￿e ¢xganise schemes to prowde education lor the benefit of the put￿10 37

T¢n$￿il￿ Ref DXGT.XTIAWXB 28 ￿•￿￿)2$ 15."46QTLfwTC +0) 0 2r2p3Y49 The Dartington Hall Trust Not¢5to the fminck415tatEmvnts Dartinlton Hall P￿￿￿n TrusteE5 knif¢td Ictmnpany Nwnlr". 069S78081 is also a wholly owned sub5idlary. It is currentlydormant and has netasset50f £l.The ￿"TeCtorS ofthe Dartingtorb Hall Pertsion Trustees Limited ale listed on pa8e 48. The regi5teied offi<e of the subs￿8ry¢OmPa￿1tS isihe sameasthe Dartington Trust and is stated on p•Ee47. A SL#wmary of the sub5idlaries' t￿r￿131 51atements is Shown below. Sthumather C¢le8¢ Twathnc CompamT •nd Catedrf Se￿ill￿rted T¢tal 1025 Turno¥er 36S Otheriniume Totalincome 370 Totalco Profitlllossl ￿trI￿d subsldlary The assets and liabilrtiè50f thE subs￿lariesWere". 15.2711 Il4821 6,753 Totsi assets 292 6711 1.997 Total net a55et5 A88regato tharn Ca￿￿1•￿1 19921 292 671 292 671 71 ThÈ Darbno Cortywfty Lirrrited 5thumather Serykes F•¥nd•ib Tot•1 Yearer4ed31AJSt 2023 Tvrno¥er 131 her jncLwne Total income 134 17 T¢xal Cl￿t$ ProfitllLoss1 ret•1[￿d. 16.2031 11,0361 17.2J91 The assetsand Iiablitiesoi the svbsidi3fieswere'. Totalas5ets 292 450 11.6881 IL6971 l Total netassets 293 292 L026 andfuew¥es 291 441 016

vilth18l&wJiurfyT¢￿tsaJj￿ Rd. DXGT-X7klb.92XB 28 N￿￿25 15".46•1 GMTiufc 4010 2Q P41W49 The Dartington Hall Trust Notesto thefmandal slètemeDts 14 Stock (￿r 31108123 15 31108123 Reta4ir aol Raw materials 30 Troi 114 15 Debtors Charf 3VO8121 28IOZIZ5 281WZ5 311W2y Trade dEbto 215 150 245 121 Amount5due aroup wdertakM5 Otherdetstvr5 119 153 123 lis enis arAI acuued xome 670 294 258 l Totsl 16 Credltors: amounts falling due within one year Grou IS Char Gr￿P 3VIx123 Ch• JiIOW23 2$ Tradeuedit<Ns 71 523 243 Amountsth¥edto oup urnderrakn Taxationand social 5ecuti 16 03 129 Other ueditors 87 377 130 Bankl¢ans 77 77 73 73 229 182 2,938 2.824 l Tot•1 1Tr7Z 4952 Oeferred incorne Tncludes fees te¢eNed ￿ advante of a course takin8 place. Partner grants. contratt income •nd irants when the income 15 subjett to perforrnarKe related CO￿11￿0￿$ and events arKI when these condition5 h3¥e rk)t been met w1thinthÈa£U￿ftknn1 year. Released rred 18 1015 Fees receNed In athance 257 PartnerGrantsreceNed inadvan¢e 1442 CoDtracLinccme 103 ntal i￿￿￿e l T4)1•1 39

Vi[kn￿￿1￿#￿W7I￿lwckn R81. DXGT.Xlh•M2Xg 28 15.464)7 C44TIUTC +O)D 2r2 P411&9 The Dartlngton Hall Trust Notestothe Ionafidal siaternents 17 Creditors: amounts falling due after one year Gn 3yOI123 18102125 iW25 Jiiwij 8ank kon5 | T4t•l 5.151 5.151 s.￿1 s,Isi 1837 1837 Bank loans due aftef oneyear are repayable asfdk)w5.' Grr iOV25 28￿￿25 JIrnIZ3 aiioy2a 8D 2-5 years After S 295 295 395 395 4.772 5.151 2.362 2.362 5.151 The bank loan loriiinal principal 01 £3m' ¢Jvtstandiniamount at 28 February £2.8ml. prowded by Triodos 8ank LIK Ltd, is se¢ured by fixed charges over properties valued at £5_6m. Interest #t¢rues at 3.5% above base rate per annum. The loan 15 repayable by monthly instalments on a reduc1￿ balarKe ￿515 ovei a 2￿year period, ¢tynmenonG A)Jul¥ 2022. On 3 February 202S the Trust entered intg an agreement with a wholly owned subsidiary of UK N4ricultural F)ance Limited to b)rrow a gross orTh)unt of £4.Im repayab￿ in 3 years. The first tranche, comprising a net loan ol £1.85rn plus prepaid interest of £579k was drawn down in February 2025. Interest Is poyable at6.49% above base rate per anrstsm. The loan is secured try fixed thar￿ over woperties vued at E13.5m and floatiri8 thafge overall the assets of the charity. Provisions for liabilitie5 Grou 25 Char wo Gmup Ju￿/23 31109113 Pro￿￿Onfort￿sts ineerrt•)n vffjth IFtbweor schuma(￿ CfAI Total 19 Analysis of group net assets between funds fvnd5 fund5 d5 GwoupfvThl baknnEeJ4tl8Fe￿VV10ISIWV0n￿_trl. TanBible assets Assetsfor ￿531e 133 134 In¥estments 26 Netcurrentassers andlrdt•1it￿5faMl￿EdUÈWiIIukn￿eIar due afteroneyear 69 491 LongterTh 15241 28504 370

VliN￿1&r￿tur9 R•f. DXGT.XP1tr92XB 26 194&1)7 GMTIUTC 4010 2r2 P 12119 The Dartington Hall Trust 19 Analysis of group net assets between funds Totsl fvTrds fvThd5 Charfvnd baknre$4t2S Febru•ry102S trf. Tangibleas5ets Assetsfof re$3le io 133 IJJ In¥estments 26 19 Nett4¥rentasstts and liaknlitjes1all￿I duetmhhin abiliieslallir¥ due afteroneye¥ ieim ioi 134 135 514 134 28582 ZO Group statement of funds GaiR5and Tr•nsfs Z8 FebNary 2023 Umtestrlctyd Fur General lynd I￿381) 3.559 E45 964 Ow¢nted fvnds: Xed35￿ lund 77 diarylund edluThds 3.985 15.2301 15 I.CO5 T•t•l desi 10.117 4985 ftevaluativn fund Penstyjn re5eNe n5 524 fvnds 2Ay i7￿1) 16711 2B.370 Restrktedfw Symmer kh￿1 zzi 222 8aM Cineffja 75 Esmee Faithirn Gyahi-cabin Wilson L4•-listed buildin85 S¢hum¥herQ4lege SchumachErCdlege Fowdati 35 199 15 15 441 370 71 Gardens 27 36 47 16 Centenaryfund ElmErJnt-re5torin p￿titi￿s ioj Other l Total rtstrthdfv￿S Torallw 671 41

itsASrfpia¢weTrart￿￿ Rgf. OXGT.X7WffjXB 28 Nryl th 1S."464)7 LWTIUTC •O)D2Q P4JI49 The Dartington Hall Trust Notestothe kn•i•l rt•tements Desl8nated fund5 Fled a￿ets fvnd.. Thi5 rewesents the net book value of i)ur land and buildin8s fixed assets in the Dartin8ton estste and the Dartirwon colleuv)n. The Trusiees ￿Ve desiEnoted thi5 fund to represent the proportion of the Dartington unrestricted funds hot ieadily trJnsferablÈ into tssh and. as a consequence. unableto be spentonour Cngo￿£ chaMableacb¥it￿. ￿-Year￿ansfeTrepreSerttsthe movemwt invaltse of these a55ets the year. dl•ry l￿d. This fvnd represents the re5eryes held in Dartin8ton'5 substhrycornpanies ind istherefwe notaccessibletofvnd DartinKton'séay-to4ayactivitiEs.AttheeThlofthE PEwiod, the reservesofthesubsidiary tompanswere in deficitsoa rranslerfrorn unrestrKted fvnd5 wasmade lo bringthe 5thidiary fund balan to nil. Rev4utioti hmd: This fund represents the unrealised EaiD in ¥alJe on ow invest￿t assets. 21 Chaiity statement of funds The statementof funds for the Charity is the sameasthetable for the Group ljl August 2023.. after￿moving the Sub51di3ry Fund in desi￿ated funds of £240k and 5thurnather Cdlege FouTrdaiion restricted fund5 of £441kl. 22 Cash flow inforniation for the Group Yoar to 311OBIZOZ3 2810212025 181 Re¢tyYilbt•n of Trrtlncon￿l1txPendItWeltOrnt (ash ouffiowfrDrnopeWinÉ¥¢ti￿f&. Net lrfomellex￿nd((Ure] fOrthe￿￿d Depreciatson 525 IPrOlitl￿QS￿￿dI5￿5aI of fMedas5ets (Profitl on th5posalolfveritsge355ets (prof￿)￿O$s￿￿￿￿x)SaI olassrts hdd lor resa IRevaSuation1[Impairn￿ThI of inVe￿mentS 2￿0￿ xh•ne retur￿(CO￿nbUljul) in excessof h3r8eto SOFA Ilncrea5elldEcrea5e Insto¢*s Decreasellincreasel in detytors Increa5elldeueasel in crethors 576 4S6 io 143 217 36Z 959 Increase in prov.i5ion5 340 42

VKiiiISy￿￿￿fyTrn1l￿￿m Rel. DXGT.XTU￿92xB2U ￿35 15".16I>7 GMT(urc DY￿P 44149 The Dartington Hall Trust Yeario 1810212025 3110112023 Ibl Re￿￿{matI￿n olnEtA5h ftowtti nEt hjndsand Oecrea in ¢a5h and cash 4alent5inthè Bank Loans - Loanp.rincipal Ca 'tal re ments 429 iii 75 MMrn•rtlTr MtfundsMldebthbthEye•r 5.$67) et lunds•t the b of thè 547 E.438 Mtd￿ attho end ofthereportw¥.puwd 547 Ji IB Febrnary 2023 Cash Analsryls of netfund5Ipddebt Cash at bartkand inharvj Bartk Lfjans 2.910 2.318 51281 l Totsl 547 71 23 Defined benefft pension scheme liablllty Pons1￿ wmnwtmenls S¢•hold¢r Pen￿on Stheme The charity operates a defined contritsjtion pension s(hvne. The of the Yheme •re held separately from those of tht company ih an independendy administered fund. The pension cost thèr¢e represents tontributims payable by the £oftwny to the fund and amounted to £179k for the period 12023.. £247kl. Contributions iotalling £nil were OLrtstsnding at the peno&end12023.. £19kl. The￿ were no amounts prepaKI aithe period end. Dartihgton Hall Ertaie Penslon Fund Dartington oper4te5 a funded pension sthEme pl￿di￿ ber￿fitS based final salary. Thetotal contributions made for the period ended 28 February 2025 *re £208k 12023.. £57kl of whtth vnployerfs contr￿ut1￿5 totalled £208k12023.. £57kl and ery¥loyees' contritroJtionstotalled £nil12023.. £Trill. The most ￿te￿￿lIattUaria1yaluatiOn Of￿￿pensi￿ fundwas prepared to6 April 2022and showed a deficlt arnounting to £214k. Thi5 15 currently bein8 madÈ good via 3 S-year retovery Oan which commenced in 2022123. This defined benefit pension scheme was dosed to new members on l October 21))6 andio futwe xcrual 5 October 2010. Legal and General and Ae8on ad as Inve￿Ment maAa8efS to the Pension Trusiees. 43

vimaSiwiur8Trwxl￿nR9f. OXGT.X7￿92XS 28 Pkna12S 1S..4&O7C4ff (UTC 4010 2r2 P45149 The Dartington Hall Trust N1ts5to the th•r￿la1 ststsments Thefinan¢ialassumptH)ns Ltsed by theactuarytocalculate ihe stherne liabilities wderFR5102were asfdlow5'. Yeaw to 281OZ125 3VW2023 CPI Inflation Rote of inuease in ityyeatfollLN7ngdithgJrt The￿fter 15-5. 11-2A rxscwntTrteforlkibdtrS The raie of i￿￿e8$e in pensiM paymtht are subiert toifferent r•tes •sfolltyw.' Pension accrued upto 5 April 1997 (tranche Il". discretv)nary increase5 Pensions accrued beten 6 Aw"11997 and 4 April 2CI)6 Ilran£he 21-. CPI capped at S.0% Pen￿¢￿$ attrued frorn 6April 2Q)6 Itranthe 31.. CPI capped at 2.5% Mortality table.. Ye¥ 2023 MalE5 Fema￿5 Retirin8 in 20￿ar5 Malps 22 Z&9 The value of assets in thes(heme ￿ the wesent value011k￿lknIle5 atthe sheet datewere.. Bond5 LDI funds 933 Annyity pdKte5 Cash 455 Netcurrent a55et$ 293 213 Totsimkeiv•lofa55ets 13J56 Present valuèof stheme IKAlit*s 14 71 SZ4 715 The pension fund hokls a fixed ￿31 charEe. secured on tharitoble and inve5trrent properbesvalued at £8.Im. The pen￿OTr fund does not occupy any WOpe￿ or use anyother asset&

rritsathW A￿. DXGT.X￿92xB28 Pkn 2025 15..4&￿7 GUTIVTC +010 2r2 P W49 The Dartington Hall Trust Notes tothe P￿•￿01 statements The amounts charyed to Stateffl￿ of In(c•ne & Ewndilure is •$f¢ltys: Perl¢4 10 WW25 Year to JIM1￿11 É'oty) Past cost thWnI5t￿tlVeeX1¢￿5es Interè# co In*reA Micome 11,0341 17021 27 In addition to the costs èbjwè. the Trusi incvrred Mowementln defidl In the wfjo&. Yearto Jllini2023 £'oN) 28102125 Deficit inschemeat ihe 51•rtof the pewd Empltyertotitritmrtions 71 1fj6 57 StseN¢ecog 11681 OthE¥fir4ncec05t 49 khemew.w Actu¥iallkissV 256 715 45

v￿¢1191s￿￿¥￿rÈ T¢lL$aty￿fi Ref. DXGT-X7MfyQXB 28 IS.46ffj7 GtrITiUTC +010 2r2 P 17149 The Dartington Hall Trust Notes to thelknknd¥ tht•ffl￿ts uiityand ¥st re{￿￿11111 a+itssatthestsrtolthEyEar IntereAcost A¢tu3rial IZ.1661 enefits Past 5eryiothst U•bllitlesaith¢¢tyJ ttf the pew 671 F￿¢¢Ne￿Won of a55e15 Assets3t the start ofthepew Interest itKome 160Jt Return tyi awtsssinttrest 102 Ern￿OYer£0TrtsbU￿1ns hemeexpeTh5es Benelits paid S7 25 11.5621 11.03B) •t endofthe 24 Financial commitments The Iroup h•d the following aTrrwèl comrrritmefits uryler nonorKellaNe land and buiklinBs operatiw leases." 31108123 tt•nd knlld¥ Lessthan oneyear Laterthan One yearand noi ￿terthar•f1%*Yea￿5 25 24 25 Related party transactions Ad¥anta8e has be￿ taken ofthe txemm•)n to pro¥th detaikolthe transactions be￿en member5 of the consolidated8mP. Lord David Triesman rtnted a pyoperty from the charity on •n •rm'5 I￿&th bas$4nd paKI rtntsl and utilitv charyes totalling £18k dwin&th2 pnth4. 26 Ultimate control No we indivKlual has ultimètecontrol overThe OartHl8ton Hall Trijst. 46

vthJISwJrL)￿ Ref. DXGT.X7NM2XB 28 Pkn%)25 15."46."0f￿ff IUTC D2f2P 4&4J The Dartington Hall Trust Leral •nd •dministr•ii4Y infrmitioft Legal and admini5tr•ti¥ inlorfflation RefÈren¢e and administrnfive deta Chlty number: Coffi￿ny nufflbw. Re8i#ered office: Wzbsite.. 279756 01485560 The Elrnhirst Centre. Dartinnon Hal. Totnes. Ov4on TQ9 6EL DIreC￿r5 •ndTnthes The Tru5tee5 of the charit•We tompany (the Charity) are its th'rertors ftythe purpose of thecompanies Att 2006 and throu@hout this report are coHectr¥ely referred to asihe Trustee5. The Trustee5 whowere ih offke rir¥ the period and up to the date ol ￿£ThInE the financsal statementswere as follo￿.. Lord Oavhl TriesmaTr Ichairl Geor8ina Allen lap￿inted 9 June 20251 Dr Salty Basker (r￿￿ed 27 Ortc&er 20231 David Buchler (appointed 5 November 20251 Jame5 G4i5ford lappDinted 26 June 20251 Emma Gladstone OBE (re￿iDed 6 October 20231 Peter Gotd5brou6h (resigned 15 April 20251 Amanda J¢￿d•￿ OBE Ire5yed 24 May 20241 David Kempton lappoinied 9 June 20251 Da￿d Lovttt (appointed 15 April 2025- re54ned 22A￿￿$t 20251 Chris Maw IresiEned 14 March 20251 Baroness Amanda Satef lappointed 26•4ri12024: r￿￿e￿ 22 Awil 20251 SylTrie Pierce Iresi8ned 10 January 20251 Syra SLswe (appointed 5 November 20251 Rachel Watson Ire5igned 23 May 20251 Gltnn W¢)odtock Ires1￿ed 6 oaober 20231 Oirettowate Robert Falderlchief ExecutNeOfficer. lftteriml Chris Carr4ame¥ (Chief Comrrerci61 Officer- Interimllre5yed Awil 20251 Adtianwartws I￿￿&￿mInIStratI￿ Officer. Interim) (reg8￿ Marth 20241 Philip Owen Ilnterirn Chief FI￿￿￿41 OfficerF Interim l•pwynted J4fLuary20241 Afflafftda 8rowne Ichief Pec Officer-lnieriml N￿k HarrisICFMef ￿rat￿)nS Officer. Estatel lappointed Ja)uary 20241 Emity Hoare (C￿t￿e Oirertorl Irey￿ed Oecernter 20231 Gemma Loveroth IDirertord Peop￿ & Serb%esl Iresyd Cttober2023 Senior manag•n￿l Gavin HoEglHead of Corr￿(￿) (re$w￿ Felw20241 Dei Holmes I￿re￿or of Researth in Prarticel (rey￿ed January 20241 ste￿en 8enwkie IChEf Salesand Wrketifi8¢)ffi¢er- tsrtwiml lapptynt•J l)e¢wkn 20231 Marksione ICreatNe Dwectorl lappc4nted De(ember2023: reygned No¥ember202411 47

Ad. DXGT.X7Wi.92XB 28Pkn ￿ 15..I6t17G14T(UTC +010 32 P IA149 The Dartington Hall Trust and admlnistrafj¥¢ knfomiaiion an D kn"d Ichairl An8eLI Stjohn Palmer lappcinted 12 N0¥•7er20241 Stephen 8ewikie14ppointed 20Jure 20241 Susannah Bwer (re￿ened 20June 20241 Andrewchnstian Ire5wd 18 May20231 Gareth J Keene Paul Kemrner Phillp Owen lapwnted 20￿ne 20241 Banktr Barclays Bank PIC 3 Bedford Street. Exeter EXI ILX AuditW5: "shop Flernin£ LLP Salt Quay House 4 North East Quay. ￿tton Harbour. ymouth. Devon PL4 OBN m￿heIrl￿VeS Sdicitws LLP WoothwaterHw5e. Hill