Charity number: 1059539
THE ANN D FOUNDATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
THE ANN D FOUNDATION
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 3 |
| Trustees' Responsibilities Statement | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 17 |
THE ANN D FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 NOVEMBER 2025
Trustees
Dr Christopher Dobson, Chair Abigail Bennington, Trustee
Charity registered number 1059539 Principal office Ivywell House Lower Tockington Road Tockington Bristol BS32 4LF Accountants MHA MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS
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THE ANN D FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 30 NOVEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 30 November 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
a. Policies and objectives
Objectives and aims
The objectives of The Ann D Foundation are to provide educational opportunities and funds for educational purposes.
Grant making policy
The charity responds to applications for grant assistance, assessing these on the basis of their suitability in the light of the charity's objectives.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
a. Main achievements of the Charity
Charitable activities
The Ann D Foundation has made grants of £NIL (2024: £Nil) and donations of £79,040 (2024 - £51,346) during the year for a variety of educational purposes.
Financial Review
Total income for the year was £87,936 made up of donations, gift aid and bank interest (2024: £1 bank interest only).
Total expenditure for the year was £87,345 (2024: 64,842).
Net expenditure was £8,083 (2024: net expenditure £64,841). Income and expenditure was unrestricted in the current and prior year.
Total funds at the 30 November 2025 were £60,574 (2024: £63,909). This was also the free reserves available.
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The charity's policy is to use reserves at the discretion of the trustees to support education projects in line with the charitable objectives.
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THE ANN D FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025
c. Investments policy
The trustees select investments which yield the maximum return on the funds invested, having regard to minimising risk and ensuring funds are available for use when required.
d. Future Plans
The charity intends to continue to provide educational opportunities and funds for educational purposes and in particular to continue to support Selwyn College.
Structure, governance and management
a. Constitution
The Ann D Foundation is a registered charity, number 1059539, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
The primary criterion for the selection of a trustee is an evident interest in the advancement of education for the young. The difficult period leading up to and during university education is a particular concern of The Ann D Foundation.
c. The organisational structure
The organisation of the Foundation revolves around the distribution of the annual income from the Foundation's funds and where appropriate the donation of the Foundation funds themselves to suitable projects. The funds are exposed to minimum risk by investment in savings accounts at some of the major British Clearing Banks and with Treasury Deposits.
Commercial rate interest yielding loans to suitable institutions are undertaken when the interests of the Foundation and the recipient appear mutually beneficial.
The trustees actively study potential Foundation beneficiaries to evaluate the benefits of a donation. On selection and funding of a suitable cause, they closely monitor the utilisation and effectiveness of the Foundation's donations.
d. Induction and training of new trustees
The conversations and discussions with potential trustees about the history, aspirations and achievements of the Foundation during the trustee selection process constitute an adequate induction for new trustees.
The simple mission of The Ann D Foundation, "educational advancement", makes the existing experience of a new trustee itself the main source of training. Familiarity with the Foundation accounts and existing commitments would be covered in the final stages of new trustee selection and before asking for the services of the potential trustee.
Approved by order of the members of the board of Trustees and signed on their behalf by:
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................................................ Dr Christopher Dobson (Chair of Trustees) Date: 6th July 2026
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THE ANN D FOUNDATION
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 NOVEMBER 2025
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on its behalf by:
................................................ Dr Christopher Dobson (Chair of Trustees)
Date: 6th July 2026
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THE ANN D FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2025
Independent Examiner's Report to the Trustees of The Ann D Foundation ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 November 2025.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
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 order to enable a proper understanding of the accounts to be reached.
Signed: Dated: 6th July 2026 Rachel Doyle ACA DChA
MHA
MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
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THE ANN D FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2025
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 87,500 436 87,936 96,019 96,019 (8,083) 68,657 (8,083) 60,574 |
Total funds 2025 £ 87,500 436 87,936 96,019 96,019 (8,083) 68,657 (8,083) 60,574 |
Total funds 2024 £ - 1 1 60,094 60,094 (60,093) 128,750 (60,093) 68,657 |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 17 form part of these financial statements.
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THE ANN D FOUNDATION
BALANCE SHEET AS AT 30 NOVEMBER 2025
| Note Current assets Debtors 9 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 10 Net current assets Total net assets Charity funds Restricted funds 11 Unrestricted funds 11 Total funds |
58,450 3,924 62,374 (1,800) |
2025 £ 60,574 60,574 - 60,574 60,574 |
45,698 24,209 69,907 (1,250) |
2024 £ 68,657 |
|---|---|---|---|---|
| 68,657 | ||||
| - 68,657 |
||||
| 68,657 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ Dr Christopher Dobson (Chair of Trustees)
Date: 6th July 2026
The notes on pages 8 to 17 form part of these financial statements.
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THE ANN D FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
1. General information
The Ann D Foundation is an unincorporated charity in England within the United Kingdom. The principal address is Ivywell House, Lower Tockington Road, Tockington, Bristol BS32 4LF.
The financial statements are presented in Sterling (£), the charity's functional currency, and rounded to the nearest pound.
The principal activity and nature of the charity's operations is the advancement of education for the young, particularly in the difficult period leading up to and during university education.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.
2. Accounting policies
2.1 Extra accounting policy
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Ann D Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 Donations
Donations are accounted for as incoming resources upon receipt or when the receipt is probable and the amount receivable can be estimated reliably. Such income is only deferred when the donor specifies it must be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.
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THE ANN D FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities upon the completion of the relevant performance-related conditions. Other grants that are not subject to performance-related conditions are credited to the Statement of Financial Activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised as a liability.
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.7 Taxation
The Charity is exempt from tax on its charitable activities. Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
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THE ANN D FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
2. Accounting policies (continued)
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted funds 2025 £ Donations 70,000 Government grants 17,500 Total 2025 87,500 |
Total funds 2025 £ 70,000 17,500 87,500 |
Total funds 2024 £ - - |
|---|---|---|
| - |
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THE ANN D FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
4. Investment income
| Unrestricted funds 2025 £ Bank Interest 436 Unrestricted funds 2024 £ Bank Interest 1 |
Total funds 2025 £ 436 |
|---|---|
| Total funds 2024 £ 1 |
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THE ANN D FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
5. Analysis of expenditure by activities
| General Fund General Fund Analysis of direct costs Donations paid Grants paid Total 2025 Donations paid |
Activities undertaken directly 2025 £ 79,040 Activities undertaken directly 2024 £ 51,346 |
Support costs 2025 £ 16,979 Support costs 2024 £ 8,748 Activities 2025 £ 68,040 11,000 79,040 Activities 2024 £ 51,346 |
Total funds 2025 £ 96,019 |
|---|---|---|---|
| Total funds 2024 £ 60,094 |
|||
| Total funds 2025 £ 68,040 11,000 |
|||
| 79,040 | |||
| Total funds 2024 £ 51,346 |
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THE ANN D FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
5. Analysis of expenditure by activities (continued)
Analysis of support costs
| Legal & Professional Travel & Subsistence Bank charges Independant examiners fee Post & Stationary Legal & Professional Travel & Subsistence Bank charges Independent examiners fee |
Activities 2025 £ 4,289 10,459 106 2,110 15 16,979 Activities 2024 £ 4,164 3,169 105 1,310 8,748 |
Total funds 2025 £ 4,289 10,459 106 2,110 15 |
|---|---|---|
| 16,979 | ||
| Total funds 2024 £ 4,164 3,169 105 1,310 |
||
| 8,748 |
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THE ANN D FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
6. Donations paid
| University of Cambridge Sidney Sussex College Durham JCR Selwyn College Grange Van Mildert Boat Club RHS Birkbeck University of London Institute for Technology and Engineering Wikipedia Church Olveston PPC Vinters Foundation Eastside Community Trust ABBY St Mary's Church Other 7. Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts Under accrual in prior year |
2025 £ 25,000 10,000 10,000 10,000 10,000 6,000 2,000 2,000 1,040 1,000 1,000 1,000 - - - 79,040 2025 £ 1,800 310 |
2024 £ 25,000 10,000 - - - 4,280 2,000 5,000 - - 1,000 1,000 1,066 1,000 1,000 |
|---|---|---|
| 51,346 | ||
| 2024 £ 1,310 - |
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THE ANN D FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 30 November 2025, expenses totalling £ 9,636 were reimbursed or paid directly to 2 Trustees (2024 - £3,169 to 2 Trustees) in relation to accommodation costs.
9. Debtors
| Due within one year Gift aid recoverable Other debtors 10. Creditors: Amounts falling due within one year Accruals and deferred income |
2025 £ 58,450 - 58,450 2025 £ 1,800 |
2024 £ 40,950 4,748 |
|---|---|---|
| 45,698 | ||
| 2024 £ 1,250 |
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THE ANN D FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
11. Statement of funds
| Statement of funds - current year Unrestricted funds General Fund Statement of funds - prior year Unrestricted funds General Fund |
Balance at 1 December 2024 £ 68,657 Balance at 1 December 2023 £ 128,750 |
Income £ 87,936 Income £ 1 |
Expenditure £ (96,019) Expenditure £ (60,094) |
Balance at 30 November 2025 £ 60,574 |
|---|---|---|---|---|
| Balance at 30 November 2024 £ 68,657 |
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THE ANN D FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
12. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Current assets 62,374 Creditors due within one year (1,800) Total 60,574 |
Total funds 2025 £ 62,374 (1,800) 60,574 |
|---|---|
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 69,907 (1,250) 68,657 |
Total funds 2024 £ 69,907 (1,250) 68,657 |
|---|---|---|
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