THE BRIDGEf ESPINOSA MEMORIAL TRUST TRUSTees' REPORT AND FINANCIAL STATEMENTS POR THE YEAR ENDED JI JULY J125
THE 8RD3Ef ESHNOSA MEIIORIAL TRUST Il•f•MK• and •dmlnl•tr•lw d•t•llw olthg ¢h, • Tnrnt••• •th44 11. 14 Is 10 Ch b*nc• ¥lx•t 17 18 Mom to th• fjnan¢lilsl•tymo 19.315
REFEREMGe AND AOMIMSTIIATNE OETAIL8 OF THE CHARITY. ITS TRU•TEE8 ANDADVIgER8 FOR THE YEAR ENDED 31 JULY 2025 A U numbw Prfn61p•l ¢)ffl Sw trlil S•v(ry Hll WC2R OBU Ind•p•nd•nt •udllorn P41er SIIM UP Comwal AThM N31LF P1
TRU8TEES' REPORT FOR YEAR eNDtD 31 AILY 2•28 ar 31 202S OblKth•• •nd Kllvllkn •. PoK• and ¢xIJ•GIi¥•• u•#d lo fvnd X¢)larnhI to •a•ndry h c81• Sy danr drnma gnd oth TnJ81888 6Thwe Ilwt Il •aucatNA rJ)tne3 ve •¥tle to trJ •Dh• t11 èduc•tion I Jvuiw obi•L'v• rAW.y4 lor th8 TtO hv40 gi1 ca)Mthlth lo gernrAI 0uk18 pilb¥Xh the CW Cunmlmkn lo bOrL th• giMdwK•'Pthk benaft. fuMirF * {V82y. Tho frutsl ¢èk• m••t tt cJrfyl ol 11 I Iradlng maiNaln8 0 (lI[AY plDn inth• ofArdlw pth- maintNrpJ Th ddivery ur BA (Hcw) Pr¢Ae•8thd Pthr• ITopUp) CgwIHE DWJ nd Thorn OanLZ PerfsXmav MA uaiKe EoucgiK)n . Voo>Mnal Miirg d. S1•1 In¥••bMnt poN¢l•• Th• TrLAI 18 cjjmmittod to AC£W It(m of #xir 1]nal or PL4*y.
THE BRIET E8PIIIW IAEMOldAL TRUST TRUSTEES. REPORT IcoirfiNLIEOI FQR THE YEAR ENDED 31 JULY 2026 . Gr•nQdm•klng poMGI•• ttro w0r uKrA EU lryy •tstu•l •r• >lo lor •upport fr< st]ent Lo1 CUnpY19 Pald d• Io Iho twoos foes. thi13l maintenanc¢ •n• I grnrt• l t$1•# ••wded p•J dir¢c4y to ts •ttthnl. 0•&6 ar •KIFbl• for UK Govornmani 8UM)OQ rnY #Ywjh tw •xwTrpb• knryi•n ?ludnl• . Tho L•VOrtwlm• Tnrnt - 2024rd5 ¥Thl lknwl cwYnt threepr Leverhulme ¥rrt gf¢iry £$8,$00 durirv4 thi• acad•m y•¥ LSC h•9 b8•n I¢1 tmd lu furthèr L6v•thukn• Art• S¢hlar8Np fwKlw br • fvrthtr 5 perknd 202&30.' VAKI gtheme for Ihjse knrtl• of w•r¢4, thrn•d ty hou••hold I¢M• Th• •thol¥rth"p i• 4 mgxiftmm of f3.Crf)) pw {d•r1 Up1 18W of mInt•n¢0 5uFwI a31•8wJl •wwded agaml thr tLthn 10gB. LSC o •0 that ir¢wio 9ontr•iod IhrDJgh No12024. [) dbr•ot want• ¢kxwvJ th• y4V. The Tru3iee3 coniknue obYr4¢v I a4¥11o• WKI LoTrkn $bjd C•ntr• lo •n•fft fnJ¢t 8ble to pyo1 supwjrt to a•prirwJ perfmrn. LtyKknn StsK) Cwrtr• * ryxnmltt&J lo wovpJiTra Olthxh to lUcIli(l e8tabllsthenlS coffwnunAie8 kn Ordgr to 41trxt •nd Ontify l#lenl8d young roF4• from a rKTrtra(Atk)nd lèthr. LSC 0 8 w erj sc1me IdenrI and 8UPPOrt¥ Payv 3
TRUSTEES. REpofff (CONTINUED) FOR THE YEAR EMDED 31 JULY 2026 Lmtsd by Mrtu• ot ts P34Wf to th• Bcwd of L
TRU8TEE8' REPORT ICOIfflNUED) FOR THE YEAR ENDED 31 JULY 2025 In 20W25, LSC pro4rtw 138 12024 . 118) Fw SdMth"p •xl WldwvJ Palk1p Furn1 •wJrd•, tc4Allrg £4e8.403 (2024. £431.8261 Our BA IHon•l Profe•8W DAru Porfrna Th••tr• Ihtx•I ctsthuab h•# maint41Md rts hio ¥•1 of 9fh 1202+95%). In teJm¥ ol C4%181, prwIw h•v• •th?r qUd or r• •UI •bJdyln9 r•m8tns at 95% 12024-941. Ow D•grn• mprovmg r•i• irt cltIjn at 92% of YI adentS finlghlw Jar12024-87%1. lo ot Y2 •knJ)t• c•mtyots3d lh• w¥rMmé l)Jr BA (Hon} PrDIMs#I Ptrlum8 (T¢)p Up) 8 0)nwlrtth rf 83% wilh 2 slud8nl6 1ntem1pbnhthry pir24.100%I, lh• •m¥l ojhryt liz• a dI)rt•d perwlgge Cthnp1)n C•rtHE in ts fnt Iwd a I) c¥nk¢1th r, 70% cl tth on th8 Dtyree PwJ8 5
THE 8KDGET ESp03A MEmoRL TRLT
TRUSTEES. REKIRY ICONT114UED)
FQR THE YEAR ENDED 31 JULY a125
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THe BRIDOET E8PII)SA IIEMORIAL TRUST TRU8TEE8' REPORT ICOIITINUEOI FOR THE YEAR ENOED 31 JiLY 202S FIn1nd rn¥bv b. R•••rM polky fmd. th• O¢xl• Bwry •ard, ¢1£72312024. £7231. Il•bHl•l In¥••lm•Di¥ polky onty hwutrtwnt Trwt h•• l• kn th• •thIdI. Ltyxkn Stwjlo C•rlrn Umlt•d. b••n ••L•tyi•ld rrt•Mwy •tsp• b• tkn to I••1 thM• ri•ki. An $nnu r•¥iow crfth• ri¥kn (ory m8y f•(, MathrM•. •, Fln•ncl•l rknk m•n•oThntQb•• and polkl• Th• Tm•t in Londr StLth) Cwth• ol finwK¥•l corth its b•8•d • thè wc¢•dwu', (tfflwthemi¥e budg•b'tvJ and mon9 syskn)$ 7Aith rnal Ix81 pthL)c fiMrti•l roports aro (knp ltr 9ry4wntsio t•)dy wlthln LSC vthlch r¢p)rts to lh8 TnMt•¢¥l," identrfthm aTrJ manage c4her ii&ks thrW wJ l. Prfnc6p*l Pap7
TRL13TEE8' REPORT (COPITINUED) FOR THE YEAR ENDED 31 JULY 2025 g. Prtdng polky Folry•dTra th• R•F#J¢ in Oc&)b•r 2010 C4yJfK41 rA wa• phaw wt Ihwelorn now •tudont8 eirtMil a c<wr¥• at L¢¥Kkn StLX1 CMtr• w• tOld tho bw f•0 for tho lèttture $paco8 and 8peuk41 eqUrnent. • order en%Ke the ¢tyJrne p,. to UpY aducatad •. eormthuoon Th• 8rI E•1 Tnmt l• • reoknd dwty. rrtmkn•r 177. l• TN•t d••d d•t•d S Jun• 1900 •nd d••d 014wn•ndm•rt dat•J 19 Jum 1998. Tru•t w•• taL4&•Id fr(Th Th• Tni rllY h• * t¥¢lvJ lu•ry, LldOn OFrted underth• i•m$ TnJ•l dmd. The BoYd k••p• th• thll• rnwir•m•rtt trth• wviv. Ila kn•t•• i• r•qW th•y •T• of Trust. disc$ the Chantl8 Ilw wcres8 rew.lties of tr* Tru818e Pggv 8
TRUSTEE8' REPORT ICONTINUEDI FOR THE YEAR ENDeo 31 JULY 2025 l. R•l•l•d lty rnl•¥on•hlp• Th• Ch•rity ib tr• pw•nt ol the 1orA Irlwmt h) L10ft S1uth Untss. The Trwt VAI to mak• 8wwd• In tt#Jydan ilh th• dwritatl• dopdenl tt)• aii4ty11ty ol Twour. Tntyl•e• oJnknu• tt• oWva• thrwjh Iho ulo of #• Ira¢kng Pradic•). Tho l•Y athlcat4• to tharll•• Yi & bV•• roqwre• the b) •l•t•monts exh ¥Thl Iw Yw• of the cl dlair8 of tre GTW ¥vJ the and of th obswv• lh• m•kn)d• •nd pmt1¥ d lh• Chwlll•• SORP IFRS 1021., st#t• Mth¢th•r appJic•blo UK S&1•To• IFRS 1021 h b1 folo•Ad, to •ny lh• Gro th• ¢h•rtV8 tr•nsxthX8 and ili•do•e ra8•bI• at any lknè th? fin•rwl poortir the Growj arbj the chty Ilwn to anwrg th•1 St•tnrtJ cixnF4y Il Charfli• Aet 2011, Iho Chlty I£cnts WKI Repts1 2008 aThJ the cl t Trnt deed. are so rasponse lor reWard1)g th• aM•ts ol ts Grw iartr )d hence hr t•king leas Sie that Trystee has tten al Il * •1 tt> hm b•on 88 a fnM¢• to be of any Telth )fumakn to e8lat4h Il¥ th• ¢41itst4• grwty8 Mlikvs •m aywe d that Pag6 9
THE 8RIJW E8PIIKWI MEMORIAL TRU8T TRUSTEES. REPORT IcoimMUED) FOR THE YEAR EIIDED 31 JULY 2026 Pwio
INDepEMDENT AULITORS. REPORT TO THE MEIIJ8ER8 OF THE 8RIIGET ESHNO8A MEIIORIAL TRU8T Oplnlon We have wdled the 1kn•Il •lrnt8 of BThJel E8fv mn lth•'parent L•rWI and Its subshli$ Ilh• 'gro) lor ts )w 31 2025 compnM tho cr$(1t&S lement of fin•ndal •¢lwties, th? •he•t, ts th•rfty balwK •he8t. the ¢)ywhJ8ted st•tem•nt of cagh fiows qnd lh• rdathd nclas, irding 8 wmrnary of wwr"rpJ Th• fin8ndal pc1n framthbDrk th•t hA• Lwi apK4i&J in tlthr w•p¥•kn 61 •pr4tI• Lww aThJ Llrdt•d Kingffi Aco)unttng preparirrfj th•ir le1• ui acc(thThx llh th• Fimrthl Rwxb"NJ St•J¥d8 the UK Republk ¢X Ire1j {FRS 102) Jn tr) th• R•pth'rvJ by Cntle1.. Ststoment of R•erynm•Th PrKOc• 2N)5 rrf•nd tr• •xt¥rt r•gula"¢J)• h• b••n A¢¢oFl•d kncxwrting Prn(• •ifth for r•prytr¥ PK¥J• bogthTra on crf l aU•ry 2015. a tnki •rrtl Iw cl lh• •lat• ol tr•• GI.• th• •131 Y 2025 Prncbc•' and 81#1• loroplnk W• cmductod rJJr In ith kn1•Ma StwvJafd• rm IVK) (ISA• {UK}) fjpp1b Iww Our r•$F#ts11&99 und•r thow •tidwd• we furth•r In or. mpon8b11108 for the 81 ol lh& financlal sl¢m•nts our r¥•Jt We ol Ihe Grtsup In wrth the cal qrem&ts that 4r• rdevwrt b) our of finonriwl latom•nts in th• K)gdom. .9 th& FInaal R•pothJ Cour1 SiwJwd. h• ftAfiHed othw 8th fe•pOn8lbil In qpwr¥JrW• a b••A for wr ecthlitic IhaL irxliwduaty w colethy. may t ¢yJbt on th? Gr[P.$ w the thaTlty¥ abilty Page11
INDEPEIIDENT AUDITORS. REPORT TO THE IAEM8ER8 OF ThE BRIDGET E8PW08A IIIEIIORIAL TRUST ICONTIIIUED} •x¢ept to t atthd W, w• not •xww$ lorni ot a•Bur•nc• ol th• audtt, or #mr• * t• men mt8St4t•d 11 111 mrlal Inconw"$tsnciM or •FP•Wt mnal ml•1tsknt•. 7A w• rvwtr•d to d•twm¥ rile lo • mater1 RIqutI&1 2008 rwitres i•wt b) >1 W, kn w 0[¥. R#POnlI• of tYu•lM• •paration of Ilnarthl •tthnwkn l•k aTrJ Irrt•mo1 corm • lh• In th• finan SIthnts. t TnMt•• ¥• rèWftt4e ts 8W88INJ tr Group's d the par1 Pafqnl cw (¥ to C$0 op•iths. or Ixrt k> do 0. Pag• 12
IIIDEPEMOEMT AuorroRV REPORT TO THE IIEMBERS OF ThE BRX#3Ef ESPIM08A IAEIIORIL TRU8T (CONTINUED frcAn materi81 mJ8ststwn•rt thethw to tr•thY crf •rrN. WKJ to 188u• fl that te$ our cpiThon. R••wnabl• a6gurK• i8 a 0188gurw. is an •Jdit c¢19 In C4ydort• wilh ISAS (UK) d•( * M•r1$ mi8•talemwt &xi•ts. Ml88tatements ¢pn ari from tr1 or •rr¢r ¥J ar• rnthlal bl. Lv in IP agwegats. tlw rAkl reasobty b• Irr•oularkns, IrKluthrvJ fr51, ¥re la r•wl•b"on•. W• deolgn ocdur¢a m li)e wlth reSp('bH¥, •Jtln•d •bov•, to d•t•ct mt•wi4 mffj8tat•m1l In re•pect of 1ff4gulari¢. IT81. Th• CAY ¢•pth iwlwitie•. ind&"n9 fraud i• diknd b•lw. erfor. and In deSn aThJ kwrltym awjt woc•dw r••W to rilks. ¥icknirva obtsiniro aLklit Vrtl8nc• th•t Is iulfidgr arthj •rvowlat• k) mNJ• a ophtm. In idenffj ••1 rik• of rn•lth¥l ml••lAt•m•rt In rn•p•cl of IrKI •Th1 i)nce l•wJ •TrJ rtIC, madt enwire• ol mwg•m•rt •brJA Ihw w•Jwnwrt dth• riik ol Irrewlwtti••: r•vi8wd mlnut•s of M••In.. of non<unKa0•. koy Iw• cxMkW in INB cont•xt MKjdl ts UK Corwn• D8t• ProlKtKn. Anti-eritwy, Emrlryrn L•. Hoth SW. •A1 lkney Laundwro Ad,. of n xlTrt. I is • ri•k that r)t d•t•cl dl Irregul•rlVe•, knoludlng th Win9 to a m4l•rfal miul•t•)Mrt kn lh• •t8t•m•nts rx with regUl•ti. This d¥k Inu•a•e8 th• mor• Ihat Iw4 Lv r¢Ml0 frtyn the Bvents and transac)n relrt¢d in the Ilnanci41 $lmerrts. al be b&88 hk•ty 10 bqcome of ol rrt)nwQ)mrAi8nce. rhg risk is obo gfyalor rewdlrwj trre" ' 0¢j du8 tr) fraud rnther eNor. a$ fr¥ud in¥ol¥es A further deKptw OF le1x1"el kn Iho audrt of tho btat*l the Fin81 •wJbtty8' r•pyt. Pagt 13
INI)EPEMDENT AUDITORS, REPORT TO THE MEIJIBERS OF THE BWDGET E8PIIIO3A MEIIORIAL TRUST ICOIfflNUED) U•• olour rw¢ TIM• r•wl l• mJ• io d4rV• Iruth••. M a t)ty, Pthl 4 of Chaiiti (AL?)unt¥ and ReNts) Regth•W 2W8. h•8 bn w•J1•k•n lo trwl we rnht to th ehèritys tnJsts8s IhoR mAlt*rA 10 81ate to Ihem fjn #n •LhlrtfA9' reptyt and for Trj oth•r purpo9•. chwty ahd Iw8t•es. as • Ixty. •j11 for rxforth• h•w lom#d. Adl•r 8hln• LLP ststLMI A•ton Hou C(YnwaU Av•n London N3 ILF Slw¥J LLP •11Otl• to xl •b In 1212 I(. Page 14
CON30UNTED 8TATEMEiif OF FINANCIAL ACTMnE3 FOR THE YEAR E4OE0 31 JULY Z028 T£al tund• knd• 2025 2025 2024 In¢om• from: Totsl Incom• V•OM 4J•O• 4,474,1 ExpdItu ¢M". 4,466.014 VWO14 S1,549 44M.014 U66.014 5,(klY,649 Tax•lic (527,503) 39,2 N•t mty¥•m* In fund• 41194 (488,253J R•¢oncIll•tk gf fvbMI•: T¢ Net mo4wm•rt in fLThJ# 82&SB7 41,3M 1,313.840 (488,253J 41,394 166,251 25,58T Pag• 15
COWLIDATED BALAIICE SHEET AS AT 31 JULY 2025 2025 2024 Flx•d aM•t• Intan•ble •18ets ¥$ae 17,7th9 487,935 403,1fj1 441.308 8Q5.643 Cutr•rtt ••••t• Coh 81 in haThl 107,773 1741.710 41.497, 738 CuTrnt Il•bl¥lw• Creditcn.. 1J$ or• 12 1108•0 (49SAJ78J Pl•1 cuff•nl M••1• 672,1•0 539, foo Totsl M••ts IM• I11111• Cr•dlth". amwrts fam th¥• •ft•r Ihn one Iwr Proth• for Ilthllll•• I,044,3 13 1202,616 144.rJ)D) 1129,216) (90.LUI) rot•l n•t ••••t• 82IS97 Chartty R•sMca¢d ILrd8 15 15 723 824.864 Toi•l fund• 866,911 25,587 21 J-IC Pap io
AS AT 31 JULY 2025 2024 Flx•d •M•t• Investrn•rt• 10 11.113 11, 183 Debtc C*ih At bjnk and in hwxl 11 Curr•ntNabWts• N•¢ ¢unwtt ••••ty 814 11027 12.027 Tot•1 n•t ••••l• 12.1127 12.027 Ch•rlty fvjnd R0cl•d funds Unr••lrkt•d furwJ• 1S Is 723 11,304 Tot•1 fvnd• 11027 12,027 R IA Falthlm ?1 1Aq 2.IG P•Je 17
THE BRIDGET ESPINOSAMEMOIIIAL TRLKIT ON8OLIDATED 8TATEIAENT OF CA8H FLOW8 FOR THE YEAR EIIDEO 31 JULY 2025 2025 2024 N•t umd in ¢)pwalk¥ 1116.437 (153,077) 4•h Ilowj frtyh Inv••llng •dl¥lll•• Purch••8 ol t•rvJty• t¥•d ••Mt• 100.16SI C•h fi¢)v4 lkn•n¢ln4 •¢dvlll•• 146791 {1.317} {1.BJQl (4.028) (1,592) (1.981) HP irt8rfj•l p•d irt•r•Bt Nat •h lft IIMnelr4 etTr4111•• 17,7281 17,0011 Ch•ng• In c••h and c••h •quh•l•nth In th• y• Cash and ca•h •qiMknrf• •t tho ol y•v 4&1386 107.773 1210.033 328,8 C••h •nd c••h •qutrnl•nl• at th• •nd olth• y 66•.O68 107, 773 Page Its
IIOTE3 TO THE FIIIAPICL4L 8TATEIIJENT8 FOR TrE YEAR EIIDED 31 2025 The BrkJg8t E•plr¥M UerfKrflal Tr1 li a d4rty w"8t•f¥l Nl and Wakn•. The rngi8lwod rvjmber is 803577 •rK1 tm tlace kl ¢40 Le8ter LLP. Savoy Hlll HM•, Sa¥w Hll, WC2R (W. A¢countlng wll¢l•• finvJ stat1 hm be•n w•par8d In SORP IFRS 1021 . Acc1n9 ard R•pthJ by Chwrta' Sknlwn• (l ft•c4Thn Prth applIcob to ch8rftb g ththr awounts in lh• FinawKwl Roporbng Slandard •pp1rtAe wi th8 UK R•put41G cl (FRS 102) loff•(th 1 20191, It Final Rowlwyd Ststhrd •F918 kn tm UK R•Wof Ir•lw1 IFRS 1021 th8 Charlb88 2011. th Charfe8 R•pthl R•0 XAJ8 * lo th• •xnt rj Io FYLhido a fair VIN Th1• h•• in4fy the Chwltkn8 SORP IFRS 102) 11had In Tho eonadid•d •t•tntyrf d ffn•)dal {SOFAI (#011•1 bor) 8h••t torwoldate th¢ cd Ih• chwty rfi wtrAldfrMy th•rt•klng. The rwull¥ ol thg 2.2 Golw ¢onwn Al lh• penod Grcw ha• net au¢lB d £,•61 12024 . £825,5B71. B•d on th• ¢hwrtl• {lIArt mrthl T11 LE suffK3•)t IbAT ¥v4iL4bbD frTh•rd. For ihl8 bail. TfU*tsoi have cthJ tsi Ih8r• 18 ro rnaterknl uertaInty aNI that fvy u)nllnue lo Pa9e 19
IIOTES TO THE FINANCIAL 8TATEIAEIIT6 FOR THE YEAR tIlOED JI JULY 2028 tr>t acadamk tsmo. Ir4xrfno le for10m t•m16 lallr4 ¥thln Iho year. 2.4 eMp•ndIrn • Ihefo i• q legal cW commitw th• tharty to th8 0X1)dUre. AJI 0xp)l[l IJ (vJrtod fty on an l>#wB I• tot•¥ dgubfi(¥J Iwath'ng¥ Ihat U 13oYwnrn•nt grnnl• Govwnmént wants 111n9 lo IgIble f¢<ed •89ets we tr1*d w defeffed 4nd rde#$ed to Pag8 20
IIOTES TO THE FIMANCIAL 8TATEMEMT8 FOR THE YEAR ENDED 31 JULY 2026 A¢cMnllno poM¢l•• l¢ovAlnwd) 2.6 Forn ¢wY•ncl•• ofexcwgo njlha at dAI•. 17 YAx•th) Yh• charbty th• l•lty Mt (#Jt in 1 SCI118 6 of th• Fln•n¢e A<1 2010 ard ft• It mo8t• lh• d•lknHth of ¥ o)rryriy ts UK ¢rrfpxatty t•x pJrpN•J. tho carity IB Ptt• •x•mpt frryn t&¥•ts(m in r•ip8ct of irKJ)m• crf Crt#1 uains ¥in cgcrn8 C(r•d ty ChaO•r 3 P•t 11 of ts CFaon Tu knt 2010 or Se('c¥i 256 01 fv Taxkni d Ctrffjrwtltr G•rN 1992, lo th that irKom or 9ln• ar• basbB d tsx rates and kn that h•V• boen erled or thè d•t• In o)urkn'g1 groJp cyuate• a•tra• Mlf>Y7)•. 10% 2.9 Tnglbl• flx•d •••o1• and thw•¢l• p&Ml k)M¢$. Al C1 Ixi)g a fixed aJa•t into Its ¥anded thing P21
NQTES TQ THE FIIIANCIAL STATEMENTS
FOR THE YEAR EIIDED 31 JULY 2025
A¢¢ounlry polldw {conlknu•dl
l• T•nglbl• Ilx•d ••••¢• •nd d•w•¢lth {¢¢nlln
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MOTES TO ThE FINANCIAL STATEMEIIT8 FOR THE YEAR ENDED 31 JULY 2026 2.14 O•fwr•d l•xadon th• tifftn9 dNl•r•r£•• rv4. 119 Fln•nGthI In•lNmWt• 111 Fln•ne• l•MM and hlr• wwrl•• I Iv••. AM•l• lin arn d•v•t•d tMrth•tr u••frJl Ihe8. Fal¥a w• 41 d th• benDfits ii•k• ol (trnjhip ¥• a•8uml ty Ihe Grow). Qblig#iic•M }der 8LK agfwment• Ar• k) u•Jrtm. rwt rl thtr fiMnc• 4k¢ot•d to hrture pw¥)J3. The finwtt ¢l•)wrt ol r•ni•l p•)Ynl 18 (wged to tr• wilolpaatod $latem•nt xlbAtlts to pwi'cth r ol dw9B on thv net obligaUoD t•l•nthrwJ pwod. •traWt.lkn• bJ6N l•• 18m). w4e•s •y4tsm•lk b•gbs is of the tme 2.18 Pwwlon• are in acJxua18 * • COnKAed stslwneJ)t cl finan(yal 1(. T pa 23
NOTE8 TO THE FINANCIAL 8TATEMENT8 FOR THE Y£AR ENDED 31 JULY 2025 A¢¢ounllw p¢)Ilcl•• (Mnon 11• Fund Totsl fvnd• 2025 2026 Sa Oth•r #K¥ffl• 4,310.408 150,0Tr) 4,310hQ8 Iso,000 4.4eo.408 4,410808 fur 2024 2024 4,474.046 4.474.046 TM srtbJl&xs' r•nxvwM ) Im KIIty l•• 01 £17.2(Q (2024. Èlq2(kl. Page 24
140TES TO THE F114AN¢IAL STATEMENT8 FOR T YEAR ENDED 31 JULY 2026 Group 2026 Gm 2024 1,100NIO 131.609 .32• 1, 159, 147 141,999 2J.$87 Se<1 WLxthty co•ts 1.264247 1.324,727 Gffjlp 2024 2025 Group 2020 2024 In tho baTrJ £70.001 . £QO.000 In th• boThJ £120.001- £1>).(X)o In th• boTrJ £180.ty)1- £1W,10 m•mb•r8 of th• sen M•no9em•rt Grw. of k•y m•rwgerrtht P1 l•x4jfi rK8knaf cMtrW*xsl durty i•Ar 18 £410,23712024. £559.9721. Pag8 25
IIOTES TO THE FIIIANCIAL STATEIIEMT8 FOR THE YEAR ENDED 31 JULY 2026 2024 Curront tK ngt•MFwhSttft ftyW• (39,250) Tot•1 ¢uvr•ntt•x (39,250) D•f•n•d I1j0) Tatsl thf•rY•d l•x 140,0001 {46.0001 (39,250) Th• tax abt•M•d fc Iho IB IW lh (2024. knvartt} thb r#e frfc4yporion In th• UK of 25%12024. 2YA). •¥¥* b•bv. 2026 2024 (527,WJ) of 25% 12024. 25%) Eff•Gl• •1: 11.162) 1137,8TO) Snd impalnnwrt 29.428 63, f98 1IIAI21 l•x•t 17021 146.0001 D•f•rr•d Tax CrnL41 T¢Jt•l t•x ¢h•ry• lorlh• y (39.2JOJ Pag8 26
IIOTES TO THE FtIlANCIAL STATEIIENT8 FOR TME YEAR ENDED 31 JULY 2025 Goodwlll Total 1 Augult 2024 Jg.n2 At 31 JLty 2026 3•.n2 11.141 112201 1 A44U•t 2CQ4 C9& for the yow 23.178 •377 69,500 16383 At 31 W2025 11,111 74,765 N•t b¢•ok v•1 At 31 Juty 202S 37.44S Al31J 2024 1¢554 17,708 Ihe ¢ouw *ASh¥Atth wh)d 012 k> 8 y4•1. u t V8lhYatiN4 uNrIY 8rKI the Pago 27
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IIOTE8 TO TrIE F114ANCIAL STATEMENTS FOR THE YEAR ENOED 31 JULY 202S 10. Flx•d ••14t Inv••tywts In 8ul*ldlary ¢OW4i•nl•• Co•1 or vihMtl•n At 1 Awt 2024 11.183 At 31 2025 11,183 X31W2023 11.103 Af 31 Jthy 2024 11,183 Prfft¢lp•l •ub•ldl•rl•• Cryry Pth4b•l ¢l••• d HoldkbA In¢lud•d In numb•r •r•• ¢on•olkl•tlon lrtom• ExpndlluTr Lo•• for th• yNr 4A74016 4•62.292 14743 Page 29
THE 8RItM7ET E8PIIW MEMoRTRUST IIOTE3 TO THE FIIIANCIAL STATEIIENTS FOR THE YEAR ENDEO 31 JULY 2Q26 11. 2021 2026 2024 Du• ¥Athln 4)n• > Trath d• Other dètrtors 1248,n8 4OWJ.WY 724.6IAI 1.413.489 241414 3.013 07 43.011 118&7JO 4.309.965 07 2tr24 4•,961 41851 4579 4,303 136,100 233, 110 1113.M• 1243.L Other uoditor8 3.OS9,890 3.958,3T8 pr•Mrd aThJ fur,. • fft¥t as•do und•rtiry b(th ar fulur•. Page 30
IIOTES TO THE FIMANCIAL STATEIIENTS FOR THE YEAR EIIDED 31 JULY 2026 rpfOUP 20211 2024 11,217 184.228 22,a66 10¢350 202.616 129,216 14. D•f•vr•d l•x•tlon Group Ind ¢h•rfty 2026 At th• b•JifflirvJ ol Charg• lor th• 146.0001 Tha defmd l•x ll • w) a• frlk**&' Gr• 2025 2024 (90,GQO) Po90 31
IIOTES TO THE FIIIANCIAL 8TATEIIENf8 FOR THE YEAR ENDED 31 JULY 2028 16. St•{MnI olfimd• 8•kn¢• •t1 UnY••trki•dfvnd• 44•0.4(W (Wfj,0141 M6360 G•w•b 72J R••lrthl Fund Totsl olfundB 12fj.017 4410.4IX (V8Vf41 COrA1 FsJnd¢ 1.313, 11 7 4.474.04e (&IX)I.J19J 824.864 R••trWd 7?3 Totsl ol 1.311010 4.474.048 {41,59) 39,25) 825, P•38 32
OTE8 TO THE FINANCIAL 8TATEMENT8 FOR THE YEAR ENDED 31 JULY 2026 16. 8thnm•ry offund• Bne9 It i 2024 Kom• Exp•nkn T•Mtlon 31 J 2025 4VIOO 806,251 5.087 4OOD,4fj1 14M•S.014 8M,981 8unwMry allwd•- pvlryy4•r IA E¥pwKkn Taxokn 31 J&y 2024 1.311117 4474.016 I41,519) 39.2 824,884 723 1,311840 4,474.046 1&001.549) 39,2 824587 17. Tot•1 nd• 2025 nd• 2026 fund• 2028 nx•d ajeets 403,861 403.861 37.445 37,445 3,741.065 3.741.7BI 13,069,598} I3.008.6) 1202,6151 144,DXI Cwrnnt w8•18 723 Crediicn thJ• h ft¥Ne trn Prv4*iM8 for •ThJ 144.0001 Tolal r23 886,258 880.981 Pa 33
NOTES TO TME FINANCIAL STATEIAEIIT8 FOR THE YEAR ENOEO 31 JULY 2026 17. of n•t••••t• b•tw••n fiwmts l¢ontknts•dl 2024 2024 2024 202tl 487.93S 17.708 Inghb1 fixod ••••ts 17. 108 Current a15 Crndltofs llhln fft y 723 4,457,015 4.457.738 (3.SX17,078) 13,958.578) {180,71fj) (129,216) ),%)1 151.XVJ 51. Yot•i r23 824.864 25.587 Gm 2024 2026 M¥•i) 41.394 (488,253) 141.N 16.28LI 1,207.238 1843.7111 252,327 22,041 1278,6171 366, 766 3.573 &335 {39.250) Intert1 Cwatlon Taxatirm clmrge 146.000) 616.437 1153.079J Paqtr 34
THE BRIDt3ET E8PIIIO8A MEXWAL TRUST MOTES TO THE FIIIANCIAL STATEAIE1s FOR THE YEAR ENDEO 31 JULY 2026 Group 2026 Grcw 2024 107,773 Total •nd ¢••h •Wthr 107,773 A111 ol¢hry• kn n•¢ d•bt At 1 At Jl July 202 2024 G••th Ilo 107.7n 401218 4J03 069m8 f12,806) 10.8 456.618 631,192 r•w•Mrt• pwbl• ty th• woup the •r#J to £23.328 12024 . É23.5811. CentrbJtkn¥ totaliTrJ £5,973 (2024 . £6.4021 pwbl• b) tho Iw)d •t th• r•prrtng d•t and aro At 31 Juty 202S th• GffAV aThl Iho dwty tr¥d b) mAk• th1• mThnwn 1•8•• paJm•• Group 2025 Gmt 202 l*rth8n1 Later 1 yew aThl IAIEr kn 5 )Y•w¥ P•3e 35
IK+TE8 TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDeD 31 JULY 2025 At the r wld. £883.342 (2024. £1.407.8221 wa• YKJdl d•tkni kn r¥laIK to Iranc• f•¢ f tr• use of 1rt41g¢Jo1 wop&tr th• Lth¢kn SknKlo Centr•'8 A9 •t 31 Juty 2025, LorKknn Lknll•d £MI W124.. £3.112) > E•plno Th•r• Aw• dtvvs £2.207 (2024.. £8,189) rdatkng kj the dlrec and £l,528120Z4'. £4.6811 flroJ to (• m•mb•r rf tho Magm Group, th• ContrnHln9 Wrty Pag& 38