FARh'HA.M CASTLE UNAUDITED REPORT & FINANCIAL STATEMEJYTS For the year ended 30 September 2025 Company No. 00596938 Charity LYO. 313648 FARNHAM CASTLE FNANCIAL STATEMENTS For the year ended 30 September 2025 INDEX PAGE Reference aDd p4Jmim"stratiR thtsils Rewrt ofthe ThL4t¢es RepoTt of the it>*Ferth￿ cxamitteT und￿.1¢d stat¢metrt of fintyial *tivilies urm￿lled balfi￿¢ sheet unauth.ted $tatetnent of ¢&sh flowd Unaudited p*cOw￿l￿SpOIIcie$ Notes to the unauthted fin￿141 sthtemellrs l3-16 FAR￿llAm CASTLE FfNANCIAL STATEMENrs FOT the yw ended 30 September 2025 REFERENCE AND ADfvItNISTIL4TtVE DETAILS Conjpally registsatiot] Dumber. 00596938 Charity reg]Stration DUIn￿. 313648 Registered offi¢¢'. 42 Waverley Lane Surrey GU9 8BJ Patron.. The Rl'gbi Reverend Dr Christopher Hert)ert TnJ5tces.' Julie Bradley Damian Mal] Guy Olden GÈlli2n Ward Dr Kirsty Wtight Gillian David Secrna4.' Edward GuJwer Natwest Bank PLC 45 Park Stree4 Camberley Surrey GU15 3PA Solt¢itors.' Russell-cooke LLP 2 Pthth¢y Hill PutD¢y Lofftjdon SW15 6AB Independen¢ Examiner". SÉmon Pusey BA FCA Keith Graham Chartered Accountr￿ts Suitc 2. Wesley Chambers Que¢DS Road Ald￿Shot Hampshire GUI 13JD FARNHAM CASTLE REPORT OF THE TRUSTEES The knstee5 of FaTDbam Castle (the Charity) present their annual repoTt and ftnaDcial statements for the year ended 30 September 2025. These ¢omply with the governing documents of the Chatity, the relevant Statement of Recomm¢nded Practic¢ {the Charities SORP 2015). FiDancÈal Reporting Stsndatd 102 and the Charits"es Aci 2011. Th¢ Charity is r¢gi5ter¢d with the Chatity Colltmission in EDgland ynd Wales &s Cbarity No. 313648 and at Companies House as Company No. 00596938. I. OKIECTS OF THE CHARrrY Th¢ objects of the Charity gre to advat)¢e the educatiou ofthe public in the ¢on5ervatioIu protection and improvement of the physical and Dantral environnxent by th¢ maiDttnalltr. rq)air or restoration of FarDha￿ Castle w￿"£h is of historic attd aTchitecb]rdl interest. 2. CHARrrABLE ACllVITIES AND PUBLIC BENEFIT The Charity leases the Bishops. Palace from the Chwch ComTlliw"OllCJ5 and is also twnsible for thc management of the Keep Iweviously the respon5ibih.ty of Englth Hetitsge). ]n August 2013, the trustees entrred an ullderlease with Farnhatn Castle Oper*ions Ltd ("FCOy underwbich the revenue from weddin8s and business events providcs the fimdujg for thaInie4W]￿ aDd repair. Enty to the Keep and nearby ExbibilioD Room is free for all visitors. On Wethjesday afternoons, guided tours of the Bishop's Palace are generally avadable. atjd are conthicted by a ￿all team of voluntrer guJde5. The Cbarity's principal a￿1VitieS it) PuT￿lt of its charitable Objec￿ were &$ follows.. Making th¢ Keep and Bishop's Palace available to the public at zerts or low CO￿ for the purpose of viewing the bllildings and thctr setting and g￿til￿g 8n underslanding of Farnham Casde'5 historical ITnPOrtance WoTkiug with FCO and the Church CoTnTnissioners to aJ5ur¢ that d¢velopm¢nts at the castle are undertgknn in sympathy with the histotic t]aiure of the 51te Ensurjng that FCO meri thexr obli8a¢ions under the UJMkrl¢•se to maiotsin the fabric of Farnham Castlc. In pr￿arIng tbcir Statements on pubb"c benefi4 ¢ontained within this trustees. annual T¢po¢ the trust￿ have, in a¢cord2nee with s.4 of the Charities Act 2011, considered th¢ Charity Cornmission's genera] guidance on public buiefi as well as the specific 8￿da￿ce OD publi¢ benefitand fee charging. 3. OPERATIONAL AND FI.NAJ4CIAL RENIEW As stated above. the Tnain source of income for the Charity. the £25.(xX) p.a. rcni teceived from FCO, has been s¢Gured through to the end of September 2025. Additional income has largely been generated by conductrd iours of the Bishop's Palate which tske place on most Wednesday afternoons duriug the year. This providd the Clwity with a Small, but not illconsequential revenue stream. The Cbarity's poli¢y regardin8 tour fees rematns tours ar¢ free lo those UYKier the age of 18. students and ¥roups helping undtr-privileged adults or those with disabilities. All othets pay a lirniled £5 entTance fee per adulL 21Pa¥e FARNHAM CASTLE REPORT OF THE TRUSTEES (continued) tn August 2024 the Chtirity became members of the Hi5tori¢ House5 Association (HHAI. Whilst HHA Members ¢aD be in¢ludcd In Bishop's Palace iours without cbarge, the chan.ty can reclaim 500/0 of the ttonnal tour cost fee ID Matth each year. Records atsd membership numbEr5 of HHA visitors are maintsined, and the second tt3n¢he of additional fees will be Teclaimed fvom HFL4 ia arch 2026. In the nvelye months to the eDd of Septrmber 2025, 57 HHA metnbers rook tours out of totat tour numbers of 429. Total tour5 were up from 250 condu¢ted in the previou5 twelve months and well above the 300-tsrg¢t set foi the actsvity in the fIve-y￿ plan. The 70°h increase in Palace tout5 is the result of heightened promotional activity ill social Tnedia and via additio￿ to the Charity's wcbsitc. indicatiDg the boa￿'S COTnmiunent to illcreasing public access 2nd knowledge. Entrance to the castle's Keep is free, but in the twelve m¢)nts to September 2025 li h&8 been closed to the public because of safety issues related to failell masonry. English Heritsge have re5r￿)nsI7)Ility for repaiTS and maintenance of the Keep. To date, no explanation has beell provided &$ to why no acllon has been taken ts) Complete the necessary repairs, (kspite ciitici$m 8nd pttssurc ftDm the Cbarity and other local SoUT￿S. Public access to the Keep is important to the town of Farnham, attracting rn2lly hundreds of visitors each year. It is also the onlyp8rt of th¢ca5tJe visited by local school groups as part of their national cU￿1culUKD siuth"es. As a result of the ¢losure. tb￿ year ￿OUnd 200 school pupi15 weie precluded from leatlliDg about Farnham C&8t]e's hrstory. and of Nornun tasties in gcnerat. by way of a visit and th]k by gllides inside the Ke¢p. In S¢ptCTnbcr 2025 the Bishop's Palace and 8rouDds were open to the public as part of the town's Heritage Opet) Day f£stivaL attracting just over 7￿j local visi10￿, despite the Keep's closure. Re8arding m8inten&ttc< and ryaits ￿ the C8stie'$ buildings iu 2025, the Charity and its tenants ail their obligations: objectives, and 51atcd re5ponsibi]itie8. ID 2018. a d¢railed S￿￿eY of 211 the P2]ace build￿$ wa5 uDdertaken and priorities formailltenance and rq)air agreed with the teDanL During 2024125 ail high and rn¢dt"um priority matnten8nce are&s were addressa, leaving 4mly the vy low￿1 itrms to be scheduled. 4. OBJEcfivES AP4D ACHIEVEMEh'15 2025n026 Cottstithtlon&l ObjectlYe5 The twstees sei the following objeaives.. coniinue to agree a 5Uitable Tnainteftjance plan with their t¢￿￿ts IFCO} and to tsack p￿greSS contiuue with a range of projecw newspaper articles. pthlications and %hooVfurther education outreach to imPTOV¢ publi¢ knowledgc and edueAtion. 202412025 Achl¢vements Th¢ Charity a¢biev&l the following". MollitOTed the agreed FCO maintenallre and repair pjau for 2024125 Changes have been tnade to the Charity's website www.farnham-e tl com 10 include a regularly updated blog adding maDy lesser-known &spects of the eAstIe'5 hisiory. The aim Is to reinforce the website as a primary sour¢e of historical infomiauoD and a valuable and iticre&sillgiy accessed commuThi¢atioD ¢hallnel with the public. In¢ieased traffie on the site b&$ proved the popularity of the site additiolls_ The Charity's Facebook attouni and page5 have been renovaied (o supplement website aGtivity increas￿8 public Interest in visiting the Palace for tours. The five-ye4r management plan h&s Ttow been in place for a year and progr￿ against its objectives is regularly n)ODitored by the board. 31Pagve FARNHAM CASTLE REPORT OF THE TRUSTEES (continued) An additiona] Board member h2s becn appointed with ycifLC responsibility to be the tjew Pa]8ce guides, representative and to be the primary lead in the developmeni of the website and social rneth"a. A second presentatiO¥L of all tbe C￿lty.$ plans, poli¢ie5 and actsYitic5 Was made to a][ weekend and Pala¢¢ volunteer 8vide5 in Junc. 202512026 Spetifi¢ Objectives The trustces have set the followll￿ objectives foE 202512026.. Work with Eng]ish Heritage &8 many other inlluencing partt¢5 as possible ￿ make safe the castle Keep and reopen it to the pubtic iti 2026. Continue io embed a robust matntenance plan wÈth FCO and track proEte&s. Successfi￿Y complete discwsioDS with thc Church CommissEoners aTJd FCO to extendthe existing tenancy leas¢ cont￿lle ¢0 offer aJJd promoie tours and VLsIts. &8 w¢ll njaintaining an adequaie and well-trdined team of volunteer guides for both the Keep and Bishop's PalA¢¢. Tnjsttts have 5Ct a thallett￿g tsrgei of 500 Palaee ttsurs in 2025126. particularly if a solution io tbc Keep is not fouttd. To review the fee charged for Bishop's Pajace tottts If the Kecp is made safe for Visito￿ a progTrmme tsf school ￿5]ts. family and story-telltng events at the Keep will be Te¢ottstituied. This progratnme rec¢ive4f English Heritage agreement prior to its closure Continue with a range of projects. newspaper arttcles, local sehool support and involv¢men4 and ourrea¢h to irllprove publie knowledge and ￿uCation. Conduct the second of the revived Cbristmas Concerts to rectsgnise the imwjrtancc of all who work for 8 wide range of clwities serving the Farnham tommunity, ititluding the cast]e Charily's own volunteers. Continue to moniknrprogress against the five-year nwJagemeDt plau agreed ID June 2024 S. GOVERNANCE & b￿AGEMENT Goyernlllg DoewmeDt Farnbam Castle i5 a¢ompany limit¢d bygvardntee withow ash8￿CapIta[ aDd is 8overnedby ItsMe￿ordndUrn8nd articlcs of association. The company was incorporaied on 10 January 1958. and the currellt memorandurn and articles of aswciation wer¢ adopied by special resolution OD 22 September 2015. The membeTS of the compsny are the tnjstecs. Voluuteers Th¢ t[￿teeS ￿e grateful to all the volllntttr guides who lead Wednesday afternoon touts of the Bishops, Palace 8nd support visItor5 to the Keep at weeken￿. The recrnitsnellL training anit management ofvolunteers will be maintained, and all new volunteers will be 8iven a copy of the Volunteer Hattdbook on appointment Trllste For th¢ purposts of ¢ompaoy law, the trus*es listrd in the referencc and athDiniStrattve details on page l are the directors of the company. Tn￿tte8 retire autornatscaily UPOD completion of their term of otTJce bul may be eligible for reappoitklment. FARNHAM CASTLE REPORT OF THE TRUSTEES (continued) o thrector bas any benefieiai interest in tbe company. All th"recton trc members of the ¢ompally and guarantee to contribute £1 in th¢ event of windin8 up. AL 30 Sepit￿ber 2025 there were seveu trustees, the last ￿mainl1)g vacan¢y aving Dow becn fille(L Der¢k Cawter (Chair) Julie Bradley Damiall Malins Guy Olden Gillian Ward Dr. KiT5ty Wright Gillwj David New trustee5 are identified following a review of the skills alld experience needed to oversee and develop the Chanty. In addition to eonsiderin8 the rel¢vant skill5 that each tKJtential trusiee may bnng to the Chan"ry. the recruitment process also consider5 Potential conlli¢ts of inter¢sL Following appoiDtmenL new tr￿tee$ receive an induction programTne and are vej) detai￿ of their res[￿bIlitieS under the guid3ncc of Charity jaw, using m&terials suppli¢d by the CE￿ItY Con)mi5SiOll. Tn]$￿S serve for a three-year period after whtch they ]nay be r¢-elec*d for & se¢ond ieTrn. nornjally for no more than three years. After a SttODd term a tr￿ste¢ may be asked to coniinue on an at)nual b&sis. The trustees meet three or four times a year alld sU￿e0MMittees are established tQ Tllcet &8 often as necessary to exalnine specifi¢ is5ucs and to mske recoT]]rn¢lldatiotss to the tnain b(*ty of ttustees. The Charity'$ governing dcKuTnents and poIicie5 are reviewed regutarly th ensure that they keep pace with developrnents in best prdctice. Trustees, & dlrectors, respfyllslbilltle5 in the prepar*tion of fiD*neial ststernents The tys1¢¢5 (who are also di￿10Th of the a)arity for the purposts of company law) are responsible for preparing the trustees, aDnual rq>ort and fitsatlcial 5tatemerits in accordance with appIl￿ble law and United K]"ttgdom Accounting Stalldard5 (United K]D8dom Generally Accepted Accounting Pncticel. Company law ￿qUireS the trnstees to prepare fiD2nciaJ statejnents for each financia] yetrwbich 8ive a true and fait Yicw of rhe stat¢ of affa]t5 of the chatitable company and of the incoming resources and application of t¢soUr￿, including the income a￿d ¢xpenditure, of the ¢haritable company ftsr that period. En prq)aTing thos¢ f￿￿￿ClaI 5tatement4 the tnwe&% aDd directors are required to.. select Suitable accountinB policies and then apply ¢on5isiently' observe the methods and printiples the Charities SORP,. make judgements and esti[￿al&S that aTe re&sollable and prndenL srate whether applicable UK AccounliDg Standards Ilave bcen followes&L as identified by the tnLSittS. are discuss¢d at tsustee meeting5 and are revi¢w¢d oll a reguiarbasis. The tntstees bave revised the risk register a￿d the risk tnanagemenl proc¢5ses as part of their review of governance and rnanagemeni a￿angements. The Tntst's policies and procedur£5 have also been revicwed and revised. Reserves The In￿tees. policy regarding re5ervts is to JJJ#ke suitable investment in the ongoing development of the Charity, whilst maintaining adequate thnds to deal with current and Jncdium-ternj nee(ts and having the nccessary provision io dea] witb unforeseen circumst8Dces. The tntstees believe that free rt%erves of arouDd £l(K>.000 are commensurate the likely financial commitmcnts of the Charity ullderthe aTrangemeDrs with Famlthm Castle Operations Ltd. At 30 September 2025, th¢ Clwi"ty's free rest￿¢5. excluding fixed assets (other thau invwtments) and restricted funds. We￿ £198,049 (2024.. £180,272). The tnLgtre5 consider that this amount is adequate to meet the f￿ancial obligations of the Clkarity oyer th¢ meth.um tern). Invesiment power5 and polley The trustees have the investmeot powths sct out in th¢ llKmor8nth]rn alld articles of association to invest in any investtnents. seciiriti&8 or prowties. monies the company does not immediately need. Trustees, indetllDity lttyurallee The compally has made qualifylllg third-paty )ndenJnity ptovisioDs for the benefit of its directors alld volunt¢ers during the year These provisions remain in force ￿ the rqM)rtiDg dao. IndepeDdeDt eiamitier The s¢a]e of thc Chan"ty's activities and Det a$5ets 1$ at a level that does not tseevsiiate an illdq>cnd¢nt audit of the f￿ancial statemellts. However. by virtue of th¢ Charity's ineomE at) iDdependcnt examination of the fJnan¢ial sraiements L5 required. Keitb GrJham Cbartered Accountants have expressed their willingttes5 to eondu¢t an tndq)endent examination of the fjnallciat statements. This report has been prepared iti ￿)rdance with the provisio￿% applicable to COEtynics enti￿ed to the small companies exemption. By oiderof the ljoard Derek Carpenter Cbair Date.. 25 Junc 2026 61PaiTre FAR￿￿Am CASTLE REPORT OF THE TRUSTEES (continued) INDEPENDENT EXAMINER'S REPORT TO THE TRL'STEES OF FAILYHAM CASTLE I report to the charity trustees oll my examinatson ofthe ￿cOU4ts of th¢ company for the ended 30 September 2025, whi¢kn are set out OD pages 8 to 16. Respeetive respo)Jsibllltles of thi$tees and examiner The ¢lMrity's tnkn {who are also directors of the ¢ompany for the purposes of company law) are responsible for the preparation of th¢ a¢counts. The cban"ty's trns(ees consider tbat an audit is not ￿ll1r¢d for this year under section 144 of the Charities Act 2011 ('*he Ch&riw ACL.). Having satisfied myself that the accounts of the coJDpatty are not required to be authted ut)der part 19 of the 2006 Companics Actand are elIgible for indq)ertd¢nl ex8minatio]J. I r¢w)rt in respect ofrny examination of the tsust's accounts carried out under section 145 of the Cbariiies A￿. In ca[ry￿8 Out my examination I have followed the dire¢tions glven by the Charity Comtnission wider se¢tion 145(5)b tsf the Chan"ti¢s ACL Independent ex8mlDer's statement I have completed my ex2minatioD. l ¢oth th#t no Inatwi￿ rnatt¢ts hav¢ eom¢ to my attention in COt]n¢ction with th¢ Inspection giviDg rne cause to believe tha4 in ally matrri￿ TW.. the accountittg Tecords weie not kept in respect of the cothp3ny as required by section 386 of the ChaTities A¢t' or the accounts do not accord with those records,. or the accounts do Dot comply with the accounting reqtsiremettts of section 396 of the Charities Act other than any requirement that the accolltsts give a '￿¢ and fair view. which is not a ma¢ter eonsidered ¥ part of an illdepelldent ¢xamination' or the ac¢otyits have not ￿ell Prepared in accordance with the rnethods and principles of the Ststcment of Reconlln¢nd&l PrdCtit¢ for a￿0￿￿ting and rq>orting by Ch￿itieS prepanng their 2¢counts in ac¢ordan¢¢ with the Filw￿l2& Reporting Stsndard applicable ID the UK and IrelaDd (FRS I¢Y2). have no concerns and have corne aeross no oth¢r matt¢T5 in eonDection with the examinaiion to which attention should diaw this report in er to enable a properullderstandin8 of the ac¢ounts to be rea£hed. on Pusey BA Keith Graham Chartered A¢¢ountants Suite 2. Wesley Ch2mbe Queens Road Aldershot Harllpshire GUII 3JD Date.. 26 Jwie 2026 71Pagve FARHAM CASTLE UNAUDITED STA TEMENT OF FIN'ANCIAL ACTIVITIES (including Income & Expenditure Aceount) For the year ended 30 September 2025 Unre5trleted Fuhds 2025 Notes 2024 COME: Donatiotts legacies 1.443 2,735 Income from cbarttable ￿tiVitIes.. Protection & wcsenOtioD of F￿caStle Insrsttnent i￿om¢ 25.lJOO 25.000 5.103 5.039 Tol￿ income 31546 32,774 EXPENDIIiYRE: Expenditure on t￿[table act(￿tieS Protection & weser&*ion of Fth C&st]¢ 13,769 26,580 Total eJpendlture 13.769 26,580 r4ETINCOMING RESOUR &,MOVEMEf4TOF FUNDS FOR IHE YEAR 17,777 6,194 FUND BAkn1N￿ BROUGHT FORWARD 180,272 174.078 12 198.049 180,272 The abov¢ results are dertved from the charRty's Continuing activities. The accompanyitig accoutstin8 polici&8 ￿d￿0￿ forrn an iDlegra] part of these financial ststements. These unauth'ted fitwJ¢ia] ststements have been xubjected to independent aamsnalion. S¢¢ report on page 7. FARNHAM CASTLE UNAUDITED BALANCE SHEET As at 30 September 2025 Registered Company number: l)0596938 r4otes 2025 2024 FIXED ASSEIS In￿stMents 75,000 CURRENT ￿￿E15 Sto¢k ￿¢￿9rS Casb at Fthnk and in hat¥J 665 4,427 119.320 669 4,789 110.538 io CURREwfLLIBILIThS Creditors.. Amourts fdling due withtn one year 124.412 115,996 (11,363) {10,724) NET CURRE￿￿￿$SEl5 113.049 105 272 198.049 180.272 IHE FUNDS OF IKE CHARITY Unrestricted iotome funds General Fund 198,049 180272 12 198,049 180.272 For tbe year ended 30 Sept¢n)beT 2025 th¢ company w&% eDUtied to exemption under section 477 of the Companics Ac¢ 2006 relating to small ¢ompanies. No mcmbers have requireil the company to obtain an audit of its accounts foT the year in question in aecordance with secrion 476 of the Companies Aet 2(MJ6. The directors acknowledge thrirrespoD5ibility for coMplyu￿with the requir¢m¢Dts of tbe Act with respe¢t to accounting OT(ts and ftri the preparation of accowits. These accouttts bave been pryared ID accordaDCe with the PTOViSiOllS applicable to companies subjert to the $￿all ¢ompanies r¢girne. These financ￿1 statements oll pag¢s 8 to 16 wer¢ approved alld autknis¢d for issue by the iM)ard of trustees OD 25 June 2026 and signed OD their behalf by.. Derek C*ryenteT TTU5tee These uoaudited fmanciai Sratements have bcen subj¢cied ￿ Mdepe]￿ent ex8nJiDation. See report page 7. 91Pa&re FARHAM CASTLE u￿AUDITED STA TEMENT OF CASH FLOWS for the year ended 30 September 2025 2025 2024 C￿h IIow5 fro￿ opersting activitie$- Ner elsh prosryded by operating a¢tiwities Cgsh IIoF¥5 fr•tn investing attivttles: JDterest income Proceeds frotD the sale of iti¥Esth]ents PurclJ&se of In￿S￿￿ents Net c&sh {￿sed in)Iprovided by In￿sling xtiTrTties 13.679 1.401 5,103 5,039 10,000) 20,908) 15.869 Cbaage in cash alld cash equtVd]ents th]ring the )rar Cash a]￿ cash equ1￿cnts * th¢ E¢gi￿ltsg of the y¢ar Cash aTKI cash eq￿￿[ents at endof the y 8.782 110,538 119.320 117,270) 127,808 110,538 Reeoncili#tion of net lllcome to net cash floTv from 0￿ratIng activlties Nei income pcr the statement of fina￿1￿] activities Ad)￿tInentS for: Diiidellds, interest rents from ill*stmellts Decre&%el{incie&se) in stocks Deereasel(incre&%e) in debtors {Decre&se)lincrease in creth.tors Net ¢ash provided by operating *tAvidt$ 17.777 6,194 15,103) 15,0391 362 639 13.679 (2,625) 69 Anai)Ti8 of cash attd ¢ash equjvalents Cash in iwMI Notice dew>sits (less than 3 montlkS) 0￿rdraft facilities repayable on demaTrJ Total and ¢*sh equivalent$ 119J20 110.538 119J20 110,538 These unauth'ted finatt¢ial statJneDts have been subjected to indepetht ex￿]Ination. Se¢ Teport on page 7. IOIPab)e FARNHAM CASTLE Financial statements for tbe year ended 30 Septernber 2025 UF4AUDrrED AccouwrtNG POLICIES Basis of preparatiOD The fmancial statements have beetj prepared in accordance with Acwunting and Reporting by Chanties.. StaieTnent of Recornm¢nded Practtce applicable to charitia5 preparing their occounts ID ac¢ordaDce with the Financi81 Reporting Standard applicable the UK at)d Republic of Ireland (FRS 102) leffe¢tive l January 2015) - (Chariiies SORP (FRS 102)), the Financiaj Reporrillg Sw]dard applicable in the UK 2nd Republic of Ireland (FRS 102) and the COMP￿lIeS Att 2(N)6. They have been prep2r¢d uoder the lu"storirnl cost CQDvcntion. Tbe principal aecounting policies of the chanty have remathed unc]llnged from the Previo￿ year and are set out below. Farnha￿ C&8tie rneets tbe definition of apublic benefitentityuDderFRS 102. Assets and liabilitieb ￿t initially re¢ogni5ed at historical ¢ost or traDsa¢rLOD va]ue uuless otherwise s12*d in thc relevant accowJtin8 p)licy notelsl. The fjnanciai statem¢Dts are prq)aTcd in steri￿% which is the fi]nctional ¢xurency of the Cbarity. Monetary amounts in these fujaneial sthtemeDts are rtsunded to the nearest £1. No material un¢ertainties may cast significant doubt about the ability of the ChaTity to continue as a going concern have b¢eiJ identified by the tsustres. Ther¢foTe. th¢ financtai ststements have been prepar￿ on a goin8 concern basis. Legal status of tbe charfity The chariry is a conjpauy limited by gLTarantee and ha5 no share capital. In the eveni of the ¢haTity beillg wound up. the liability in respect of the guardnfee is limiied to £1 per member of the charity. The regisiered offjce of the company can be found on page l. Incomlng resources Income for scrvices is recogwkd by rEfereocc to the stage of coropletion of the ttatisaction at thc balance she¢t date. From 25 May 2014. income Is recognised exclwive of VAT. All mon¢tary donations and 8ifts are iDcluded in full in the stat¢n]ent of f￿ancial activiries when receivable. provided thai tbere are no donoT-inJpos¢d restrictions as to th¢ timing of the r¢lated cxpendiwre. in which recognition 15 defentd until the pre-¢ondition has been mel. Revenue graDts are creth.ied as incomtng resourtes whet) they are TEceivable pro￿￿ed eonth'tions for receipt have been complted with, unless they Telaie to a specified futllrc pericKL in which they are deferred. GraDts for the purchase of fixed assets trdited to re5tri¢ied Inco￿tag resou￿ when receivable. Depreciation on the fiKed assets purch&sed with such grants is eharged agatjjst the restricted fiuML lllterest on funds held on deposit i$ included wben Teceivable and the amount be meas￿ed reliably by the charity.. this 15 Domiaily upon notification of the itttercst paid or payable by the bank. Finao£ial In$trum¢nts The ¢lwity only has financial assets and fujauciai h"abilities of a kind tbai qualify as basic finallcial instnjrnents. Basi¢ financi&l instruments are itiitially re¢ognisd ai rran5action vatue and subsequcntly measured at their settlemetjt value. Debtors Trade 2nd other debtors are ￿ogntSed at the settlement amount thie after any ts* discoijnt otTered. Prepoyments 8r¢ valued at the amount prepaid llet of any trade dis¢ounts dll C9sh at bAnk and In hand Cash at bank and Cash in Iland includes and short term hiEhty liquwj investsnents with a shon marurity of three months or less from the dat¢ of acquisition oropeDing of the dq)osit or SEmilar accollni. These unalldited financia] statements bav¢ been sllbje¢ted to Indeptndent examination. See It￿rt th page 7. FARNHAM CASTLE Financial statements for the year ended 30 September 2025 UNAUDITED ACCOUNTING POLICIES (continued) Creditors and provlsions Crethtor5 and proyisions are recognised where the charity has a pra5ent obligation resulttng from a past event that will probably result in the transfer of fi￿d$ to a third party and the amoullt due to se¢tle the obligation can be measured or cstimat¢d reliably. Crediknrs 8r¥J provisions are normally recognjscd at th¢ir sctt]¢JDent a￿o￿nI after allowing for any trade discounts due. Lessor policy Property lease income is rects8DJsed over the term of the It￿. Resources expended Exp¢ndits]r4 wkn"¢h is cknged on an a¢crua15 basi& is alloLXted between: expettdib￿e incujred directly in the fi]ttherance ofthe chm'ty'5 objcclives,. expen(h'ture incuTt￿ in supw)rtill8 the cbaritable acts"vttie5,' expeuditwe incurred on govemallce costs. Liabilities are recognised as re50urtts expend￿ as soon as theff is a legal or ¢onstru¢tive obligation ¢Dtnrnitting the chatity to the cxpenditure. The fi]11 value of a charitable grant is re¢ognised in the year ID which the gTant tomtDlkneDt is made, and the grant¢e has been infottned and is sbowij &8 A lon8 or short-terni cr¢ditoros appropriate. Fund atcountlNg Restricted funds are to be used for specified PUTposes laid down by the donor. Expenditure for those purposes Is Charged (o the fund. together with a fair allocation of overbeads and support ¢05ts. Un]utricied ￿ndS are donations and other incoming resotjrces Teceived or generatrd for exper>ditt]re OD the genera] objectives of the chaTity. Le45ed assets All lease5 are regarded &s opetating leases and the ptyments madc under them are charged to the statement of financial activilies on a 5traight-line bosis over the lease ternj. Lnvestments Investments are ststed * TXLarket value. Realised and ujkrealised gaiThs aod losses ou invesrments are crethtyl or debited lo the fillld to which the related investtnent has been allotated. Taxation No provision for taxation, deferred or otherwise. h&8 becll made in the finaDcial statements of the charity. as Farnha C¥tl¢ is a rharity in accordaTr¢e wrth the Clwtttes Aei 2011 and is exempt from laxatioa cxcept for value added tsx, If income and gains are applied for charitable pU￿Ose$ utkder S505 of the 7ncome and Corporation Taxes Act 1988 and S145 of the Capitsl Gains Tax Act 1979. Sigllificant judgements estimalion5 In the application of tbe ehatity's a¢counting politics, the trustees are required to make judgements. estimaies and assumptiorts about the carrying amount of assers and Itabjlities that are not readily appar¢ni from other sources. The estimates and associated assumptions a7e b&%ed on historical expcrienct #nd other fa¢tors that are consjdered to be relevattt. Actual result$ inay differ fmm these estiTnaies. The estimates aDd underlytng &SSUTnptiOU5 are reviewed on an ongoing basis. Rtvisions to accounting uti]natcs are re¢ognised rn the ptriod in wlu'cb the ￿timate is revised wbere the tevision atre¢ts only that perio¢L 01 in the period of th¢ revision and future pen(>ds where the revisiot* affects IM)th currtht and futhre peri(Kls. These unaudited fmanrial staternents bave beeu subj'ectd tr* ￿￿ependent examination. See report OD page 7. 121 PailL FARIIHAM CASTLE NOTES TO THE UINALDITED FINANCIAL STATEMEINTS For the year ended 30 Sept¢n]ber 2025 Total 2025 Total 2024 J14COME FROM DONATIONS AND LEGACILS Donatio￿ aryj lega¢ies Sunthy incon 160 1,283 1.098 1,637 ,443 2,735 The I￿orne from thDatiOTL% and legacies of £160 (2024.. £1.098) ail wtrestricted Sundry income incI￿leS t￿ fees for guided wuts of the Bishop's Pal*e as uell as the sale proceeds of the ￿*t]e gwde book alld the illustraied hIS￿ry of Farnham Castle that w&s repritrted in 2022. Total 2025 Tot41 2024 COME FROM CETARTfABLE AcnvfiFS Protection 90dpreseT￿t10n of F￿nI￿ C&sde Pro￿rtY l¢&se itKomc 25.000 25,000 The llKome from charitable ertion of re￿nut st￿rated0[, xncertain circuDUt•nccs, on the trASiS of ar¢&5ot*d¢stin￿te of tht split beh4ren &tiMties. Thc5e unaudited fin￿￿"al ststem¢nts have been wbjccLtsJ to iDdepetMleni examintition. See report OD pa8e 7. FARNHAM CASTLE NO'fES TO THE UNAUDITED F￿A1￿CIAL STATEMENTS For the year ended 30 September 2025 2025 2024 IYETMOVEMLNTIN FUNDS Net rno*]nent iti fi￿d8 is 5tstsd th cIMw"￿'. OrKrating lea%e renta]$'. Land aTKI h]ilth'ngs IbE ch￿.￿S gross for year 31.546 32,774 ThB chm"ty5 Swplts for the y¢ax 17,777 6,194 21125 2024 l.year FoDk¢kpositEK>wl (2024: 1.)wiwth detO5lt I￿ 85,000 75,000 The dcpositlX)j￿ maths on 6 Jwnwy2026. 2025 2024 Book stocks for resa]e 665 669 In 2022. the tnL8tees commi5siottd arerxintof Roy wai￿￿.$ iM)ok entidcd ￿arnhaM Castle- Sttsries behijjd the Sion¢s'. contains a ￿$tory0f tr¢ c&8tte's de￿lOp￿￿￿ since the wly rArL oftJK t￿lfth ceotwy. io DEBIi)RS 2025 2024 Amounts r￿lIng dut withlD yt*r: Trade debtors Sthy debto]% & 4.427 4,789 Totaj failingdue ￿rythIn ) 4.427 4.789 li CREDIIDIL8 2025 2024 Amounts falling dtse wlihln one ￿thr. Trak credito (hber taialiott andsoti21 seturityco$ts AC¢n￿5 ,955 2,093 7.315 1235 2,109 7.380 Totat *￿U￿t fdling th]e 11 J63 10,724 These un4udited fit￿n¢la[ st*mcDts have been 5ubj¢¢trd to ￿￿]q)endent examinatiot). See report on pag¢ 7. ISIP FARNHAM CASTLE NOTES I'O THE UNAiJl)ITED FLNANCIAL STA TEME.NTS For the year ¢nded 30 Septernber 2025 12 Balance It l October 2024 BaiAnee at OutgoiDg 30 September resourtes 2025 Incoming resources Ullre$tr5cted Income fuDds- Getrrd Fund 180272 31,546 (13.769) 198,049 180272 31.546 (13,769) 198,049 B4laDtt #t l Oct(bber 2023 Bslance at Outgoing 30 September resources 2024 Incomlng resources UDre$tricted iDcome funth: General Fund 174.078 32.774 {26.580) 180,272 174.078 32.774 (26.580) 180,272 13 COmMfiME￿rys LY4DER OPERATTNG LWES The charity as a lessee: At the balance sheet date. tbe C1￿￿"tyb￿j ffiJt￿ ¢onJrnitments wjder uoTrGanccllabl¢ 0￿￿]llg leases as follo￿￿. la2d aDdbuilihngs". noi later than one year later than one Ye￿ and r￿t l&er tban fiNr yeats later thatt fi￿ years 2025 2024 6.046 9.794 6,046 11,305 17351 18,862 The cb8rtty lessor: At the balance sh¢et date. tbe ¢hatity h•Jcontrxted with tenants. under non-tancellable 0￿ratIng le&%e5. for tk following future nknnimum le￿e FyaJTrellts: Amounts receisthle.. not later than one year later ttw one year and not later th0￿ yEars later than fi￿ ye￿$ 2025 2024 25.000 100,000 161,750 25,000 i 00.000 186,750 286,750 311.750 14 RELATED PARIV IRANSAalONS Transactions with uiLste¢s ￿e di5¢1osed in note 5. Th¢re ha￿ been Do other related ￿ytra￿￿tions. These unaudited financia] statem¢nts hav¢ been Subjected to iDdep¢DdeDt ¢xaminatioll. Sce report on page 7.