2025-08-31-accounts

IIEGisfERED CHARITY NUMBEFi. 527594 Flnanclal 8tat•m•nts forth¢ Y•ar Endod 31stAuqu•t 202S l)J•on Eliz¥bbth l Foundatlon The Sandy PartnersNp Thomdoe Hou9a 25 B8thum? R Wrrnter Worr*t¢rshhg WR11RU

Que•n Eknboth l Found•tl¢)n Contsnlj of Financial Statemonts forth• Y•ar End•d 31•tAugust2025 Report otlh•TnMts 1 to 4 Independerrf Exnln•f$ R•port St•m•nt of Flnanclal Acdvtt106 Balanc¢ Shegt Nutes toth• Fln•Kl•l St*t•m•nts B to 15

••n Ellzabth l Foundation R8port ofth• Trust for th• Y••r Endod 318¢ Augu•t 2025 Tha trustq85 Iye￿t thek roport wilh the ffinancial $tste￿nts of the cknarity for Ihe ye8r ended 31st AugLLSt 2025. The Iwst88$ havo adc)ted th8 of Aecojnlng and Rep)rting ty Charities.. Stgiemnt of Rgwrnmendad Pradce app￿Cabb 19 Char￿e$ pyeparfng ther acwunts in aecord8ne£ wth the Firt8n¢b81 RekKsrbThJ Standard 8prAle8bla In thg UK Republlcof Irda1￿ IFRS 102) leffo¢tNe 1 January 20191. OWECTIVES AND ACTMTIES Obl•ctlv•$ and aims Thg tharlty 0￿rat0$ wrthln an '8r88 of banafft. I￿n8d as thp 'an¢nl parth of Hardeburf. Thi¥ area * SI￿hty larger than lh8 ciYfBnL post-1974 Haruthry Parish adminlstrallve 8rea and indudgs PWt8 01St￿[port-Orf9vem. Thg tharity has kn key to pro%￿de ffinandal ￿$t￿nCe ￿ grants to Stojiwt Hlgh Sch(Kg1 * any clhBr scknool wfthln or substantidly seMn9 Ihg area ol tenefft. These grants are lo provide such 8p￿￿8¥ benefft$ 95 are not wovldad by th8 kjcal aUt￿rf￿- IM. $Ghoo14wel granls.. and to'promcts thg edu￿ lincludlng soThal and physie81 lrrinlngl of under the age cl 25 yearn who a res&4enl in the area of Lweffit and VA)0 are in need of financial asslstanc6'. 1.9. Indmdual grants. Th? tru$t888 havè ijentlfied the folwng schools as qual￿￿9 for 5r1￿H0¥01 granis by virtu8 of th•ir I￿tIon wthin Ihe area of b•nefft or tecause a 8ubstanltd propoth ofthelr 5tud¢nWuF¥15 live wllhkn the area ofbon•ffl.' stwrport Hlgh Schc Burfi8h Parf( Primary Schod H?￿gbUry Prfrrry Sckn st￿￿Ort Prim8ry Sch(￿1 Ilden Primary Schwl P￿110 b•n•fflt The Trustees c(¥ffirm that ttrw have had due Teg8rn1 to tlw Charfty Commtsslon% guid8nL on publk benefft in dèddng whal advknes Ihe tharityShou￿ undortake. ACHIEVEME1￿8 AND PERFORIAANCE Charitablg activWe$ Th last 12 monlhs have 58èn a poricKI of d￿n98 Bnd dèvelopment for the FcvndaDon. wlth departures and 8Thivds of INstee4 changgs In Ch￿r and th6 retement of wr Clgrk. Aongsyje th1$ the Foundation has re-l￿sed upon meelThJ s kéy (aiiiabl8 aim$ and has to deNDte Imo lo rts resp0nslbl1M￿ as a k¥L¥)•rty-0￿1er ￿d18ndlord. Foundation'8 kngstandlng Chalr, John Sluart4mrfh optad to stand dowi and from thg Winnlng of 2024 was rep￿(￿d by JIM QFpr. Unf¢)rtunatdy Jim Cupper w8a unat4e to conllnue the rokp and John Stuart-srnlth resurngd as Chwr tempcthty. In Jim$ 8Xtond8d ab6erKe th8 board asked Poter Hc4den to b8 Int•rfm Chair from M8r¢h 2025. Tharnafter Jim those nrrt ts re-•sgJme the Chair rgsponslbillltos 8nd In Cktober 1hS5 ygar thè bo¥d ¢>)nfiw￿ Pgt8r H￿d￿ 8stheJrpTe8entCh•r. Earty in 2ff25 the b)ard's ClarK Tary Morgan gave noticè of hls to r8Ure from hi¥ rote ar￿ the Foundauon ¢nloT•d proc•ss of recTr￿tmonl intgrviving candldates kn Jung 2025 and appolnung a new Clèrk. chrts￿ne Starfing tts slart w.•.f. 1st Juty. Is Imp)rtant to F4acg the FoundaUcffl p￿ti￿jde to Tery f￿ hls remarkablp 58rvic• over suth 8 numbèr of s.. servke bythètrustees at hisfinal meeting In August thls year. Ms Slarfing awriv81 In pogt offers tho FoundalAon c•port￿th$ to revbgw fts and proc￿Se$ and 8 F4JricrfI of Frthemisiry and updokng 15 in progress. Akjnpide Ihl8 kYOCSS Ihg has rnlr￿nt of another long-¥•Nlng tsusiee, MrJ ¢arDlin• BOught￿ThOmaS lin Juty thi5 ￿al). Cwrjlne has bp8n a 5￿Un￿ and acfve truste¥ ovw many year8 8TrJ. Agsln, It 16 n¥)st lrnpc¥tantto retrjrd hara thè boath gratilud¢ to her. cu￿[ne& as one ofthe tsvo no￿￿n98$ ofth& Hathbury Padsh Cixjnol. B MTS Hèlen T81tr*)t (from Jutyl. Chrf6W8r Rcg8fd. lh• noNMnee of the County Cwnul, lost h1$ seat as 8 counci￿r In May 2025 hxal 818dt)ns; hls sUcces￿r as rnmlné& Is a t￿ndlor, lan Cresw811. Pag• 1

Qu8•n Ellzaljeth l Fo￿d￿tk)n Roport olth• Tfi￿t••$ forth• Y•ar End•d 31Stp￿9￿8tZU1s The bDard had b88n awarn of • ts¥wnd+h8lf y•ar p•rSod lfrThn the bewning of 20231 during vthich the Lhlversty of BimilrrfJham had Mt nomlnated someone to be A trustoe. More ￿Used liaison b8th8n Chalr and the ￿￿er$ty thls 8ummwh85 led k the w4com8 appoinlmènlof PrufAndrew Quhn. wthose slart is antiipatod S￿rty. During thi8 year trThrd has piv¢n lthe lo athJM$lng tha extent it16 meeting it8 key aMnÈ- maklng grants to ￿h0O18 and to Indivldual¥. Atccrthgty the Fwidakn now ha8 trU8t￿ gNen thg tssk of I￿reC￿ li•i%ffj wilh tt five be￿n9 Khc<48; Ic¢alng Iho tsyo a target budget for grant•making. truslO98 14v• mèt th Headteathets at SLool and hav• ￿ta)I￿hed qualty relatjws wbth all fi¥e. l am ios¢d to Yep)rt thls ha8 led to Snc¥eased wtamakjng to ts 8thrds In the knt year. vJMh a totsl Lrf £29,971 of fijnds gcing t￿rd imptstsnt and d•arfy b8n•ffidal Sryrovemerts at all the fv9 8chools. alcwvJ ilh a futh•r £IS.e69 8wardad. An erthur8glng offshoot of this Increased 118lson has beon tho 1¥oatkJn of a partner3hip grant 8chTh vrith th• Stourport SClTh tgather tralnlng progr8rnmg. BuJsarf85 aFB now avaiLqbJe to qualifying IndMdu81s who appty to the SCtFt and tha Foundation is pbased this ParIn￿Ship help relain talènt￿ Ic￿1 profess¢onals k+ beco￿ te8th8rs in our ojmmuwmty. The Fcwndabon ￿ 8180 been pbas8d to rn8k8 a nUrn￿r of gr8nl8 to ind￿ldUd$ thL8 year, these total￿ £2,646. Wo aro, nonethel￿$, aware of the low nurnb8r of indi￿tha1 applicants, and tsvo trustees havg iakw up F4)nstMIty for athjrtS￿nll this. It is intend•d tlw ￿11 U)6 profile of the Foundalon In local media. on 80dal medla and In the five sthools. ilh thg aim of rg8¢hui9 on irKTrasad Mny and number of potenud applicants. The FLwnd8thon is elgrt to it8 respJnsJility to ensurn arwj denffistr8te good govemence thr￿j￿ pr(per yo¢•duM polioos for finarKial contrc4, safgguardlng. etc. ￿44n￿ Ld updating thos8 koy planks of gov•manco 18 a prime SJOJS forthe ujming ye8r. The Fwnd8tlon rewns b key r8swnsbllSty 85 Ihe owrr c4 thè Quaan Ellz8tth Gramrnar s￿￿01 Iwldlngs In thg centre of Harlle￿ry wllage. This year o)r6sKlerabb tnJstè8 timè has b8•n tsken ￿ a range of matters aii6irvJ from mal)tsnancg and caro of histoJic buldiro$, thwr wrrounds and adjrAning packots of land. Tha board Ls, 8￿[￿￿, Ma￿ng klan6 to 8ddres6 ts obligai'ons, as a landkyd, to meet ontr¥l gov8rnment EPC taigots. Liai50n aTrJ re￿￿0￿$ our tenants. Camtl8n Elltsbèlhan $thC￿l Ccarolgth Ltrfl. are good. At thg ljme of writsng the Foundation has trwn approathed by the tenants to COn￿der Ihelr Flan to expand schcd pu￿1 numbws. This will ental co￿quentI￿ rl8n$ to make ch8ngts and add to ￿$tIng bulldings ykn an applicatM?n for Flenning pernii8s￿n. This wll have a bearing on Ihg fvI￿ irfth8 aThJ it8 bJilding8, 80 ￿11 ￿ a FW(sB of careful conslderation fortrustees durin9 thg ￿nIn9 ygar. l am pthed lo report that ￿ FoUndat￿n rernains ￿ good fAwIL¥tiI heath and ts In a Ime of exdbTrJ Ch￿tr and dgvekfjment, workkng to ensur8 It m88ts ot4igBtlons and Its chafftablo aims, d•lN•rin9 tary118 to kjcal younger peot4e and FINANCIAL REVIEW Flnanclal pts•lllon Unr•JtFiCtod Funds Unresfri(ed Inu)rnln9 resouw for the year £M￿nted to £119,320 (2024: £113,109). UNeslricled cutwing re8OUfCeS amountsd to £80.731 IW24: £54,3851. A rn8de in￿6￿&￿t$ of£19,06612024: 9dn of £38.￿)51 In •thJIU￿. transfers of £nil12024.. £32,106) wtra madè. A3 8 rwtt. A unrestridBd surF4us WAS of£19.5ZJ12024 net￿￿￿8 ￿£96.7291. Endt)wm•nt Funds The b8Lqnce or EThJoMnènt lunds at 31st ALJUSt 2025 siood at £1,140,432 12024.. £1,178.508I. A toss WAS made on Inv85tsll8nt8 of£38.07412024: gan of£86.1201. Tho bthn¢g 1$ uMealiWl&, as F4nnanent endowm8rt rrthey frryn (knorB nrxmBIty canrnt b8 span¢ tho thvid¥rJs and IntereStt￿￿ from suth f￿d& may be used In accordance the typg of endowTn8nt. Ov•rall Pojldon Th• overall d8fidt has ¢J8(¥eased the (arlU88 lotal rewves fJ.103,294 to £3.084,743. Of thls amourt £1,944.31112024'. £1.924,7881 represents unrestthcted fvnds. tho rornainlng £1.140.432 12024.. £1.178,￿) hdd in Ihe Endobrntfiind. Free reoer¥es 8rn detalled In the Ye6erves fv below. Full lnfCThiaUc￿ fe9aTdlTrJ fvnd movements and r98tr1thns ¥¢ dgtdlad in not8 16 to tho aLxoJnls. Pago 2

Que•n Ellzab•th l Founthtion Reportdth• TnMtM• torthe Y•ar Ended 31stAugu$t2025 FINANCIAL REVIEW Reserves polloy The ttustees have vJn¥xlgred I pwdont to havg substantial rnserves urV￿ its r8s8rye p)licy tt> ￿de fcf malnienance, reyair8. I￿ur8n¢ And otherujtgolngs should th8r8 ￿ a bss oftsnanl any rea￿n. Free re$￿e$ {generol fvnds 19ss flxad 898ets and fvnds dgsignat8d other pup?Bg$1 Bt 31 A￿)USt 2¢r25 aM￿Nt￿d to £206.043 {2024.. £167.454I, whith bAsÉd on ujrrent eX￿d￿jrÉ leveb of £80.731 I2024: £S4.3881 ewaie to approx'matety 2.5 years12024'. 3 yearsl of wnning CLts. srRUCTURI GOVERNANCE AND MANAGEMEKr Governlng docum•nt The ehartty Ls controllgj by b ￿vernIng doDAnenL Sthgmg of22 ￿1 1987, aTrJ ￿n8tth ￿ unSnrxxwJr4d tharlty. R•cNltyn•nt and #ppoknbm•nt ol n•wtru•tO•8 New trustèès are Th)minated (six posts) by a nominating trA)dy Istourpcrt TO￿ Cwndl. Ha￿8￿ Pa￿ c￿n¢fi. Worostètshirè County CounrAI, Univ8rsty d Blm)Ingharn. H•rlletyJry c￿ Elkabethan'$ Assool and Ilour Isl byth t4)ard of thiJstee3. GSvin9 B total of ten tJusloo5. Custodlan of fre•hold proporty Tha froehc41 prowty ofthe Is vested in th8 Offic&g1 CustcJkgn ofCh8rf1. REFERENCE AND ADMINISTRATIVE DEfAILS R•gl•t•rgd Cha￿ty numbor 527&J4 Prfn¢lpal addrn Sun(Irift v￿On8 Ro&J D¢df¢xd 8619BZ Trust••s PHdden A D Quinn1¥pp￿￿ted 14.10.251 H Tolt￿ lappolnted 13.8251 l R Crgsswell lapwjlnted 21.5251 J Cupp8r {appolnted 1.10.241 R lQrby Jssrn￿ GPTh¢xp C Bw9hton-ThJnas {r•si￿9d 5.8.251 C Rc#38￿ Irg5ignad 11.6.25) M Cress•AI lftd•pendent Examlnor The Wc*aTd5 SandyPaTtheT8hlp 25 Barb￿m• Road Worc4stgr Wortsstershlre R11RU Inv8stmnt Manage CCLA Investment Mgnagemgnt Limit8d Orte Am9al Lane. Lond¢)n, EC4R 8AB Pa￿3

rkn EHubgth l Fwnd4Uon Reprytofthe Tru8tees forthg Yoar End¢d 31¥tAugUStX125 owd ty order oft lo .. spJn8d ￿a￿trI.. P Fk•JÉn. TruGt

d•p•nd•nt Ex•mlnrf¥ R•port to th• Trttste￿ of Qumn Ellzahth l Foundatlon Ind•P￿d•n1 report to th? trustè•s of Qu••n ElIzab￿h l Foundallon I report to tho tharity trust•es on my eXa￿￿8110n of the acmjnts of Que￿ Ellzabelh l FoundatKffi (the Tmst) fi)r year 8nd8d 31stAugust 2025. R•spoMlbllltles and ts￿1$ of report As the thanty MJ•e$ of th¢ Trust YOU are ras￿n￿ble for the weparalon of Ihe ¥c(X>Lffits h act¥Jréanc8 wfth tho roqulrements ofthg Ch￿Ibel Art2011 C¢h8 Artl. I report In respe(l of my exarrination Of￿ Trusf$ ac£ounts carrlad out under SectKJn 145 of the Ad and in can￿n9 o my ex9mh￿￿on I have al appkabkn DlreLon¥ gN•n by thè Charfty Ccmmissbn under So(on 1495Mb) gr the Act. IndO￿ndent wimln•V• •tatsm•nt I have conylet8d my èxamination. I c¥)nfiM that no matewlal maltw¥ have com8 to my alt•ntTr)n li conn￿on wlth the examhauon g￿kng LXUSg to b81i8v8 that in any material r8SFecl.' acuJunVfVJ rec¢￿j￿￿￿TO ngt kgpl in I•sp8rt of the TnJ51 as rewlred by Sectlon 130 ofthe Art the accounts do not a￿ord w￿th thosg r9¢￿ts., or Ihe acrA)unts do not cnrnpty thè appTrcabl• r•qulr8mnts conc8ming the and C￿ttsnt of aeecrtjrts set oui In the CharfJg$ lAC￿Unts and Retthsl R8gulations 2008 other Ihan any requlrernent that thg give a true and fairvw whKh 18 nrrt 8 m8tt8r conshlered Ès part of on IndependeTrtexamiTration. I hÈve no wncams and havg wrne auoss no other mattgr8 in o]nn8c￿In wilh th• exarnlnalon to wthlch attwrticrfb 8h)Lld be drdwn in Ihi5 rwvt ord8rto nab￿ a proper understsnding ofthts acttsunts to ba rèad)￿. Thg FOthard5 Sandy ￿rtn91$hlP ThtxnékiÈ Housè 25 Barboum8 Road Worr*stgr Worce8ter8hwe 14lR11RU

Qu••n Ellz•beth l Foundallon st4tqm•nt of Hn•nclaSActMtIès lorlhè Y•ar End•d 31stAugu¥t 2025 202S Totsl fvndl 2024 Unr•strECted End¢)￿nent fund Jnd funds •s restated INCOME AND ENDOVIMENTS FROM Charitabl• a¢tivi¢io5 Supw*t &lue4ttonal Cppo￿nfQ$# 67.671 67.676 6fj.733 Inve8tffl$nt inc£ffiè 51.644 S1.644 46.376 119.320 119.320 113.109 EXPENDrruRE ON Charitsbl• ￿tivItIeS s￿)F(x1 edWe￿nal 80.731 .731 9wn¥llk)sses) on Irwestrngnts 119.0661 1340741 157.140) 124,125 NET INGOMEIIEXPENorruREI 19,523 1¥0741 118.S511 182,849 RECONCILIATIOM OF FUNDS Total fvnd$ broughtfoNaril I,V24.768 1,178,50fj 3.103.294 2,920,445 TOTAL FUNDS CARRED FORIVARD 1,914,311 1,140A32 3.M743 3,103.294 Thè notss fomi pgrtdlh88e fffjandal statsmgnts 9¢6

•n Elizabeth l Foundallon BaFanc• Shèet 31¥t AUg￿t 2025 2025 Total 2024 Total nds as restated UnrestrKxed fur Endowrnent fund Notes FIXED ASSETS Tangiblè assets IrNestrnents 12 13 1.280,0 478,268 1,280,(#)o 1,615.300 1,2e￿.L￿)) 1.672.440 1,137,032 1,738,268 1.137.032 2.875,3 2,932,440 CURRENT ASSETS Debtors C&%h at bank 14 11.195 230,461 11.195 233,861 179,218 241,656 187,172 CREDITORS Arnounts falling due vathin one ye 15 135.813} {35,6131 116,3181 NET CURRE1￿ A&%ETS 206,043 170,854 TOTAL ASSEfs LESS CURRW UA8IUnES 1,944311 1.140.432 1084741 3.103.294 ASs￿s 1,944,311 1,140,432 3.084.743 3.103.294 FUNDS Unrestn(ed fvrKIs Endty￿ne￿t ftjnds 16 1,944.311 1,140,432 1.924.788 1,178,X6 TOTAL FUNDS 3,084.7413 3.103.294 The fina￿la1 statemwl8 were approved by Ihe Board of Trustees aTrJ authorised for issuè on and were signed on its behaff by.. P Hoklen- stee The rK)tes f(ym part 0fth￿ fmanual atements Page 7

Queen Ellzabth l Fovndatlon Not•9 toth• Flnandal Staiements forth• Year End•d 31otAufUSt 2025 ACCOUPMNG POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS Thg finandal ststements of the chaty, whlch L8 a pulYc benefft entity undgr FRS 102. hav8 pr8pa￿l In aetordartt wlth tre cha￿leS SORP IFRS 1021 'Accounting aTrJ Rg•g by Chadtl85.' SlatèNnt of Recornm8nded Practi¢• applicab￿ to Cha￿￿•5 ￿Paring their 8CfJunts in 8tcord#ncè w￿h thè Flnancial Réporting Stsndard aFvIc8ble In the UK an(J Republlc of Ireknd IFRS 10211gffe¢tivg 1 January 20191,, Fin?￿￿￿31 Rèporting Standard 102 Th• Flnanci81 Reporbng Standard apF4icabl8 in the UK Republlc of oland, and thg Chartti￿ Ad 2011. The financial 5tatgrnorts hav8 b8•n prepared under the hkstorical convenion, wih ts eX￿POon rf in¥estrnents whld) arè kncludèd at mgthet valuo, as r￿d￿l￿a by the roYalualvJn ofcertan assets. INCOME Inwmg Is rocwn180d In the Statemenl of Finanual on¢e the tharfty has entilwnant to thg fvnds It 18 pycthble that the Income re￿fved and the amount can be rn￿ured relkgbty. In¢xJmè frcm donatlong, grants and legades aT8 ￿0￿n￿ In lh8 ￿riCAl In whlth d)arfty is •ntiNed to le￿Ipl and the amount can be measured W￿1h reasonabb rxrtainty. Income Irom gmnts i8 deferr1 wh8n thg Gharlty has to thJMI o)ndltsons not yet mei before tw?rTth9 gnllued to ¥hr• tho dorLor ha3 ￿p￿fied thatth8 in(>Jrng iyto be èxwded in • ftrture perfod. R•ntsl kngjme LI recoJnlEad In Ilna Y411h lh8 P8ri0dB to such In(w￿ rdoles. Intweet InLffl& 1$ r¢cognW for 811 Int¢wd-bgoring knsbumants th8'ellth Interest rate mdhod". [J￿dends ￿ fvnd dlstrfbuuons are re£4n158d datJ•d. LiatMliUes arg re￿nISed as gxpgndliure as SO￿ 88 thoro a lagd ( (£ffjstrucfve Ob￿al(￿ o)rnmilUng Ihg Charity to that eXP8nditure. r( is probab￿ that a transfer ef econcffi￿ benefits wlll be required in seffiement and Ihe amcunl of the ob11gau￿ can te measured rellabjy. ExwnditrJg 15 ?ccountad for on an aEcJval$ bas￿ and has been classrfied undgr headings that aggreg$ alj cost reLqt8d to th• cat￿ry. Whefe c4)stS be diredy attrftwled lo headln9$ tsy have baèn alktstsd to É¢￿VIlla$ on a basls wnslstert vath the Grants offered subject io ¢ondMons Yknlch have not bn mot at th8 ygar end dal• arn nol8d as a comwatment but not acwad as gxpendituro. TANGIBLE FIXED A$S￿s Freehokl propety Is nol deprer#8ted on the bÈsi$ that rÉshlual vatu8 b èxpect&J to be Th)t less deemed hlstortcal cost luslng historf￿1 martet a$ degmgd cost). TAXATION Th8 (arity Is exenwt fr(￿ tax cffj tt3 tharftsble a(vlbeS. FUND AccouprfiiiG Unrestrfctsd fijnds can bg in atuYéanco the chaitAg oLiecbTrrtS atthe dls(¥don ofthe tnJ8te88. Restrirted fvnds Can onty be u8ed for WtiGular r¢strlrtad ￿thin the ctsjeds ofthe cha￿. Rethcth)n8 atse wfien spgcifjed bythg dornr orwhen fiJnd¥ arg rak%8d fcpwti¢ular restrf(ed purposes. Furthor axpknaliDn of ts nabjre and puFpJsè d•ach thjnd & Induded In the ncles to the fnancid staisments. FINANCIAL INSTRUMENTS The Charity has elÈded to 8ppty th8 pm1￿0￿ of Stiction 11. Ba￿¢ Flnancw In5tnwn•nts' and Section 12 '0ther Fln8Klal kn8trum8ntslssu￿. of FRS 1￿2 to 811 ofils finan081 listruments. F5n8￿￿?1 $rs rw)gnSsgd ￿en Iha Charty beC￿me5 pty to rAthctsl FKovlthns rf the instrumgnt ￿8￿￿1 assets ar8 offs< Ihè nat amounts presonted In the acwmts thero thor¢ 1$ 41og41ty •nlmbl light lo set off Ihe ￿0n￿led #M￿nts and there Is an intenl•)n to 8gtlo on a ngt basi# or to reahe the asset and 581U8 the Irdiilty sirnultanBOU5ty. Pap8

Qu•m Ellzabgth l FoundatFon Not•• to thg Flnancial 8tst•m•nb-cOn￿nuod forth• Y•ar Ended 318tAumist 21125 ACCOUIrnNG POUCIES- ctxrtlnuod FINANCIAL INSTRUAIENTS BBs5c Flnandal Ass•ts Ba￿C finanry81 as5815. whlch In¢lud8 tr8dÈ and other rtwvabkgs 8nd cash And bank balance4 arè Inltlal mea6ured at transaLlkx) Indudlng Iransacbon costs and are Subsequent￿ carri8d at amitwl cost uslng the elleCt￿ interest mèthod urfe$s th8 arraThJement 1xx￿111utQS a finanuThJ tran5acUon, where the transaction i¥ m8¥ured at Ihe presentvalue ofthe fubjre r8ceSpts discourted a rnath•i rate ofthteresL Bas1¢ Flnanclal U¥b]Ihl8s Baw ￿n￿al 11a￿1￿$. Inc￿￿1n9 Iradè and othor payzljles. aro InMany rwnl6ed at tr￿$￿tion PriLY un￿9 the wrang¢m8nt ¢onsUtutes a finan(4ng transacbon, where the debt Instr￿snt Is measured at the pmsent Wdlug e Trc8ipts, dIS￿unt￿ at a marw ratè of Inter66t. Debt Instsvrr￿nts are subsequenly carri8d It am(thed co8L u￿1￿￿ th8 effeth Interest rate method. Tr8tle peyat4es aro Obliga￿n$ to Pay goods or s8NlrAs that have b8en ao]ulred in tho ordinary course of th6 Operati(￿$ fr0rn supplis. Accounts payable 8r8 d8ssffied as current lialihtw rf paymert is due ono or less. Ir ￿1. thy arg pr￿anted as nonw¢Urnt labilitie& Trade payat185 are rec4ywlsed initkglty * Usted Inveth•nts List¢d In¥8stsn8nts are Indud8d at fair vabJ8. t•lng their m¥k8t vatut. Re8ltsed gal￿ and Io¥s cm $8k6 of Inveth￿ts are caloJL8ted a3 p¥oc8eds ￿$$ market vdug at the siart of the peric4J, or c4)st If purth858d during tho perfoJ, and ar8 induded kn the Statement cl Nnandd Advlues. Vnre8lwl gains and Iossgs are iftdud•J kn the Stat¢mnt of Flnanciql AclvltS0s, whlch tspr•s Iho movwnent in vAlue durinq thè ytsr. CJh at bank and In hnd Cash at bank and in hand Sndudes cash and cash 8qiivalents Ib8ing short temi hvJhty liqu￿ inv•5tmBnts that are rOad￿Y tsjnverti￿e to kn¢Mn amounls d cash and that are 8ubigcI to an insignrfiwt ￿sk of changas In vakjel. INVESTME1￿ INCOME as restatgd knc>)mgfrom olhgr gied In¥estrrents Bank int¢rest 46.87 4774 43.397 2,979 51.844 46.376 INCOME FR&II CHARrrABLE AThTIES 2025 2024 Rqnts r•celv P¥cpèrty inSu￿ce reimbutsad SupkYWtedL￿8tsOn81 opwrtsJnTbo$ 58,MO 57,381 $UpF￿edW￿l0nal oppK)rtunths 9.372 e6.733 Pag¢ 9 ¢onlnu8d...

qU￿n EMz•b•th l Foundatlon NoteA toth• Ftn¢lal StatÈm•Nt8. ¢ontlnu fvrth• Y•ar End•d 31st Augu¥t2025 CHiJufABLE ACTivrriES COSTS Grnnt funding of aclvltie8 18eg note Dlrect Costs Isee )te 51 Support co3ts1588 Tr)te 71 e) T¢)tsl SuFyort¢du¢aticvMI opwr1un￿as 28.517 32.616 19.598 80.731 DKIECT COSTS CHARrrABLEACTivrriES 2028 2024 as restatgd Insuronce Posla98 and ￿l￿)nary Rental agencyfo85 Professlonal fees 11.190 10.7S9 3,486 11a41 5.556 24517 16,367 GR￿8 PAYABLE 2025 2024 8$ f8Stated pp￿ted￿alonal ￿p)rtunI￿S 32.610 2,￿0 Thg tolal grants paid to institulpJns thTrng th8y8arw05 as folk)vrn. 2024 as ￿tated slwrport High SrAKK)I Burflsh Park Pthary Schocl Hardebjry Primary SC￿￿ WiJd8n Primary Sthool 16,950 4.020 9001 1.71)) 29.•71 1,700 Thp totsl grants pgid to indiv•Juab during th8 y8arwag 49ft4￿. 202S 2024 Grants to IndMdu* 1,200 Th• truste89 hav8 AUthorf£8d c8rtaln grants durtng tho period are to thg rgcipFgni fvffiillng cert8ln cond￿On& Th8 totst Or￿unt of gT8nts to but not acu￿1 as expenditijre al the ￿8T end was £15.669 12024: £15.th)1. P•3$10 nlnued._

¢>J••n Ellzab•th l Foundation Not•s to the FIn￿¢1￿ 8t4t•m•nts-¢onllnued for tho Y•ar Endod 31•t Au9llSt 2025 SUPPORT COSTS Flnanr Olh TLN8 Supporteducdlonal 0ppty1￿rf 18,256 19,$98 Support costs. Induded in th8 8bM. ar8 asfolbxY6: 2024 Suppcttt educ8Ional opportunib"8S Tot Bank ckng86 SundrT95 Cleittil Asslstan RepaSr3 and maintqnanee Costs oftrustee8' meoungs Ae￿ntanry fees 290 4028 9.794 144 1.260 6.120 23,837 19a 4,891 19.$98 ¥118 TRUSTEEW REMUNERATION AND BENEFrrs Thore VrnTO no trusteeg remunoralion or olh•r benefflts for thts Mdgd 318t AUg￿t 2￿ nor for tha ended 31stAugust 2024, TRUSTEES EXPENSES Therfj were no tru8t88s' pald tr th8 y•¥ ended 316t Auwt 2025 the yoar ¢nd&1 31stAugust2024. STAFF COSTS There were no staff c4sts fortho year ended 31stAu9USt 2025 nLYft¢the year ended 31stMAWSt 2￿24. Pago11 ¢crtlinued...

Qu••n Ellzabeth l Foundatlon to th• Finan¢i41 Stal•m￿ts- ¢ontknu forth• Year Ended 31•t Au9U¥t 2025 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNITIES Unre8tiicled Endowment fijnd fund as re8tated INCOME AND ENDOIITrIENTS FROM Charltablo aetlvW•$ SLI)P￿t edue4tKM81 opwJrbJnWes 66.733 66,733 Invtstmtnt I￿oMe 46.376 46.376 113.109 111109 EXPENDITURE ON Charltabk a￿VItI•8 SUr￿rt ethrcalb)nd cprth1￿1leS 54J85 N•t gelns C￿ irfveslments 36.005 86.120 124,1Z5 NET INCOME 96.729 86,120 182,849 RECONCIUATION OF FUNDS Totol fijnds brryjght forward 1.828.059 1.092.386 1920.445 TOTAL FIJNDS CARRIED FORWARD 1.924.788 1.178.506 1103,294 11. PRIOR YEAR ADJU8Th1ENT Th8 COrnPntNes have b8en arneThJ8d to rtcowlse land and bulldlngs donftt￿ to the carity when Ultr ¢harlty was set up at an &stim8ied morkd value. Tanglble ffixed ass8ts a$ at 31 AwgU$t 2024 have been increa88d by £1,260.OW {2023.. £1,355,279} and unroth.cted rese￿e$ es at 31 August 2024 have been In¢rtr8ssd by £1,260,000 12023: £1,355,2791 with the on sale of land and buildings in 185t yeaVs acc(wnts of £95.279 now bgiNJ tro8￿ 4$ a dlsF¢)sal of (¥Jst land buildings. The Ma50n lor this mstAtemrrt ts that %th•n the Larty adow FRS 102 and SORP 2019 for th8 first tim&. tha eompai8bv8s of fin8n(¥81 statgments were requlr&J to be restated to Indud¢ all assets Iwd lits} Iwld by thè charity. with ch8rib.es SORP atso requlrfng that dcnatsd assets be measuTed at rnarkot value * dat• of gri knyth th8 tranS￿onal oplon to troat a marfKot Val￿ at dale ol translth)n as an attemati¥e valuatith ofdm#il listorical wsi Tlts nOt￿￿e In Y￿r￿n81￿81 6tatem8nts. The th8rity ha5 uwj a vafuation of land 8nd bulhjings pwfmed by Ray MRICS. RICS and Row8 Capps MRICS ol Newm)w Gernld Eve LLP ￿dertaken on 25 Novembgr 2025 as the ba￿3 for thg market value of lalld and building5 hekl a5 at 31 August 2025. and usSng the net sales pror£ed$ for the d88m8d rnarknt valuè lor property hdd as at 31 Auwst 3)23 but sold In the year ended 31 ALVJU8t 2024, as W this was th9 dg8Th¥d mket valua at the datè of donalon faF¢)￿n9 the FRS 102 tr￿￿￿one1 exgmpbon lo tr08t f•ir volue at date of trans*Jon as deemed historfcal L¥)Stl. The cornpardli￿5 ha¥• also b88n am8nded to show al knvesknent Intome qener8tèd frrNn ￿￿ted inv•slmanis unreth¢Xed Income Irather than allocate som Invgstment Income lo thg Pgrn7an8nt gndowment fund and than as a transfw between fvnds for the same wnwnll. Th8 [￿rY08 88 at 31 Au9USt 2024 and 85 at 31 August 2023 have noi bth) elfe¢t8d by thks ¢han9e. Pagè 12 ntinU￿.-

Queen Ellzthth l FoUnd￿lOn Mat•8 to the Finan¢thl Statemwrt8- contlnu•d for tho Y•arEnded 31st August 2025 12. TANGIBLE FIXED Fre8hLld property COST Al 1st S•pt8rnber2024 31stAugusl 2025 1360,000 NEf BOOKVALUE At 31stAugu8t 2025 1,2611.000 At 31stAugust 2024 1,260,1XJO 11 FIXED ASSET INVESTIEpirs LLsted Investments At 1st Septgrnb8r2024 Revalu81iDns 1,671440 157.1401 At 31stAJJgu8t 2026 1,614300 NET BOOKVALVE At 31stAugusl 2025 1,615,300 At 31stAugust 2024 1,672.440 DEBTORS: AMOUNTS FALUNG DUE iyrrHIN OIE YEAR 2024 as restated Trade d Prgpaymants 2.711 11.195 1& CREDrroRS: Amouiifs FALLING DUEV•TtHIN OIIE YEAR 2025 2024 as restated Olhpr creditors 35,813 16.318 1& MOVEMENT IN FUNOS movement fund6 Al 1.9.24 31,8.25 UnT8striel•d funds Ger*rBI fund 1.9¥788 19.523 1.944.311 Porn￿￿tt EThlIyM￿nt Fund 1.178.506 (¥0741 1.140A32 TOTAL FUIU8 3.1032 (1&SS11 3.lJ84.743 Page 13 eontknu•J...

Qu••n Elizab•lh l Foundatlon Notes tolhe Flnancial Stat•mÈnts-¢ontinu•d lorth• Y•ar Endod 31•tAugu•t 2025 16. AIOVEMENT IN FUNDS • c¢Jnllnu•d mov8ment In funds. knduded In the abjve are as fdloM'. In¢xJml Rewurces G4rfj and movem￿rt Its￿r￿ expended Jnd$ UTrvegtrfcied lun General fijnd 1113x1 INn1 119.0661 19,523 End￿￿￿OnthJnds Pormanwt Endo￿nt Fund 1¥0741 138.074} TOTAL FUNDS 119J20 180.n1) 157,1401 118.551} CoM￿￿t￿l lor nJMm•nt In lund8 Not movem8nt funds At 1.9.23 31.8.24 G￿1[81 fund 1.828.059 96.729 1.924.788 End07Mnt lunds P•mwnènt Endowmtt Fund 1.092,386 86.120 I.178,￿16 TOTAL FUNDS 2.920,445 182,849 3.103294 Cry8rnlv• Mt mov•mgnt Inlund& Induded in Ih6 at•)ve as folhm.. Inccxning rosOu￿ Re80ur oxpended G¥in¥ and 10&89¥ MDv•m•nt in fund5 Unr••trkt•d fvnd• Gan￿￿r￿j 113.109 154.3851 38,CQ5 96.729 EndoYm)Mt funds P8rrna￿n1 End￿￿)￿tt Fund 86.120 86.120 TOTAL FUNDS 113.109 154.3851 124,125 181849 Unrnstrlthd General Fund This repr988nts monios T8￿¥•d wlthoul rosl￿Gthn as to appkAtion. The fvnd5 81• Ldills•J In gen•ral ruming clthe th•1ty. P•M)W￿ Endovmwnt Fund Tth re￿￿Thts ¢ndoed Invgstrn¢nts and cash hdd by th& thartty lo thtr th8rlty A$ per￿￿nant 9nd￿m￿n1[unds ￿ tha ffirst Sat up. P•J• 14 conlinved...

e•n EftsJb•th l Foundatlon Notès to FlnAnelal Stataménts. conthued fortho Y•or Endod 31•tAugUBt 2025 17. RELATED PARTY DISCLOSURE5 There wwe no rek1￿ party tranwticrn forlhè y•ar•nd8d 31stAugust 2025. Pago 15