s&w Michael Aldrich Foundation Charity R8gistration No.1047341 Trustees, report and unaudited f inancial information For the year ended 31 July 2025 Michael Aldrich Foundation Summary of trust Trustees Ms Samantha Marnie Middlemiss Mr Stuart Hedley Professor Tamar Jeffers McDonald lappoinled 28 October 20241 Ms Sue Breakell lappointed 28 October 20241 Charity number 1047341 Princlpal address University of Brighton Mithras House Lewe5 Road Brighton BN2 4AT Accountants S&W Partners LLP Accountants Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SPI 1gG Independent Examiner Craig Henderson FCCA S&W Audit Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SP1 IBG Bankers CAF Bank Limited 25 Kings Hill Avenu8 Kings Hill West Malling Kent ME19 41Q Michael Aldrich Foundation Contents Page Trustees, report Independent examiner's report Receipts and payments account Statement of assets and liabilili8s Michael Aldrich Foundation Trustees, report for the yoar ended 31 July 2025 The trustees present their report and finan¢ial information for the year ended 31 July 2025. The financial information has been prepared on a receipts and payments basis and complies with the charity s governing document and applicable law. Objects and activitie$ The objects of the Foundation are the promotion of education and in particular.. al The provision of financial assistance towards the maintenance and development of the University of Briuhton., bl The creation of scholarships, bursaries or prizes to be awarded to students or members of staff at the University of Brighton., and cl The promotion of res8ar¢h and ihe dissemination of the uselul result of such research. Investment poliey The trustees have placed emphasis on capital pres8rvation and in the recent period this has necessarily implied the acceptance tsf low levels of return. The Ftsundation is concerned to maintain the value of its inveslments in real terms. Publie benefit The trustees confirm that they have referred to th8 guidance contained in the Ch¢grity Commission's general guidance on public benefit when reviewing the Foundation s aims and objects and its current activities and in planning for future activilies. Achievements, performance and finan¢ial review Grants The Foundation made two grants during the year totalling £175,000 12024.. none). both to the Univèrsity of Brighton. Results for the year During th8 year. investment income of £491 12024.. £4811, voluntary income of £175,000 12024= £2.0001 and interest of £5012024.. £551 was received. The trust's investment portfolio decreased in value year-on-year by £28612024.. increased by £1.2551. Reserves policy The trustees will ensure that reserves to be held will be sufficient to maintain its future activities under the general Obj8cI of the promotion of education and Object C of its constitution and any enlargement of those activities following the decision of the University to undertake its own fundraising, thereby reducing the activities of th8 Foundation under Objscts A and B. Michael Aldrich Foundation Trustees, report for the year ended 31 July 2025 Govemance, struetur$ and management Governance The Foundation is an unincorporated trust constituted by a charitablè trust deed dated 5 May 1995 and is a registered charity. number 1047341. Trustees The trustees who served during the year and since the year end were.. Mr Andrew Comben (resigned 28 October 20241 Dr Marcelo Staricoff (resigned 28 October 20241 Ms Samantha Marnie Middlemiss Mr Stuart Hedley Professor Tamar Jeffer5 McDonald (appointed 28 October 20241 Ms Sue Breakell lappointed 28 October 20241 Induction and trainino is provided to individual trustees as is considered appropriate to their level of experience and knowledge. All trustees give of their time freely and no remuneration or expenses w8re paid in the year. No trustee or person connected with a trustee received any benefit from scholarships awarded to students of the University. Structurè The trustees retain responsibility for all poliey and decision making. Risk I￿torS The trustees have Considered the potential risks to which the Foutbdation is exposed. ## STUART HEDLEY ## .......................... ## Mr Stuart Hedley Trustee Michael Aldrich Foundation Independent examiner's report to the trustees of the Michael Aldrich Foundation I report lo the trustees on my examination of the accounts of the Michael Aldrich Foundation for the year ended 31 July 2025 which comprise the receipts and payments account and the statement of assets and Respective responsibilities of trustees and examiner and basis of report As the charity's tru5tee5, you are re5pon5ible for the preparation of the accounts in accordance wilh the requirements of the Charities Act 2011 I'the Act'l. I report in respect of my examination of the charity's accounts earried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451511bl of the Act. Independent examiner's $tatement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material r85PèCt= accounting records were not kepl in respect of the charity as required by section 130 of the Act., or the accounts do not accord with those records. I have no concerns and have come across no other matters In connection with the examination to which attention should be drawn in this report in older to enable a proper understanding of the accounts to be reached. CRAIG HENDERSON Craig Henderson FCCA Fellow of The Association of Chartered Certified Accountants S&W Audit Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SPI 1BG 1210512026 Date.. Michael Aldrich Foundation Roceipts and payments account for the year ended 31 July 2025 2025 2024 Receipts Investm8nt income Voluntary income Inter8St receivable 491 175.000 50 481 2,000 55 Total receipts 175,541 2,536 Payments Donations paid Bank charges Artists, workshopslevents Accountaney fees Legal fees Sundry expenses 175,000 60 60 5,791 1,630 1,856 80 1,638 Total payments 1176.6981 19.4171 Net Payffl8llts for the year 11,1571 16,8811 Cash funds last year end 23.240 30,121 Cash funds thls y•ar ènd 22,083 23,240 STUART HEDLEY .......................... Mr Stuart Hedley )Me Hedle) Trustee rustee