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← Buckinghamshire Community Foundation

2025-03-31-accounts

Trustees’ ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Buckinghamshire Community Foundation Charity Registration No. 1073861 Company Registration No. 03662246

Buckinghamshire Community Foundation

Report and Financial Statements Year ended: 31st March 2025 Charity no. 1073861

Reference and Administrative Information

Buckinghamshire Community Foundation - Trustee Directors

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr W M Stewart - Chairman of the Board

Mr R D Taylor - Vice Chairman and Chairman of Finance and Investment Committee & Remuneration Committees

Mr G R Anson

Mr M Bradbury - Chairman of Grants and Social Investment (Loans) Committees Mrs K Hobbs (appointed 15 August 2024) Mrs P Kirkbride - Chair of Development Board Mr P J Manktelow - Treasurer Mrs A Norfolk-Beadle Mrs A Smith (Pask) Mrs P Vaughan (appointed 15 August 2024) Mrs L C Wood

Chief Executive

Mr Henry Allmand

Charity No. 1073861

Buckinghamshire Community Foundation Company No. 03662246 (Registered in England & Wales)

Registered office address:

70 New Road, Weston Turville, Aylesbury, Bucks, HP22 5QT

Auditors:

Azets Audit Services, Suites B & D, Burnham Yard, Beaconsfield, Bucks, HP9 2JH | www.azets.co.uk

Bankers:

Nat West Bank, 22 Market Square, Aylesbury, HP20 1TW

Investment Managers:

CCLA Investment Management Ltd. Senator House, 85 Queen Victoria Street, London EC4V 4ET Sarasin and Partners LLP, Juxon House, 100 St Pauls Churchyard, London EC4M 8BU

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Contents

Page
Trustees’ report 4 - 16
Independent auditor’s report 17 - 19
Statement of financial activities 20
Summary income and expenditure account 21
Balance sheet 22 - 23
Statement of cash flows 24
Notes to the financial statements 25 - 61

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Report of the trustees

The trustees of Buckinghamshire Community Foundation are pleased to present their report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s governing document, the Companies Act 2006 and “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)”.

Structure, Governance and Management

Introduction

Buckinghamshire Community Foundation (“BCF”) is the formal name of our charity and is used for governance and legal requirements. Our working name, by which we are recognised in our community, is Heart of Bucks (“Heart of Bucks”). The foundation is a registered charity and company limited by guarantee, registered in England and Wales.

The foundation was established in 1999 as a grant-making charity, by the late Sir Nigel Mobbs JP who was HM Lord-Lieutenant of Buckinghamshire between 1997 and 2005. At that time, community foundations were already well-established in North America and, seeing the power of people coming together through their giving to build thriving communities, Sir Nigel wanted the same for Buckinghamshire. Since then, we have given away more than £18.5m in funding.

Community Foundations operate as independent charities across the UK bringing together the financial resources of individuals, families, public authorities, national funders and businesses to support our local communities

The Board and Committees

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr W M Stewart - Chairman of the Board

Mr R D Taylor - Vice Chairman and Chairman of Finance and Investment Committee & Remuneration Committees

Mr G R Anson

Mr M Bradbury - Chairman of Grants and Social Investment (Loans) Committees

Mrs K Hobbs (appointed 15 August 2024)

Mrs P Kirkbride - Chair of Development Board

Mr P J Manktelow - Treasurer

Mrs A Norfolk-Beadle

Mrs A Smith (Pask)

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Mrs P Vaughan (appointed 15 August 2024) Mrs L C Wood

New trustees are appointed by the existing trustees and serve for a maximum of nine years. New trustees are sought through a formal recruitment process which may include open advertisement or recommendations from local networks, dependent on the type of skills sought. The recruitment process includes relevant eligibility checks and interviews with members of the Board before a formal recommendation is taken to the full Board for approval.

Our governing document provides for a minimum of five trustees and a maximum of 13. As at 31st March 2025, 11 trustees were in post.

On appointment, and periodically thereafter, we ask our trustees to re-confirm their eligibility to serve, and they sign model Trustee and Director Declaration statements. Trustees are welcomed with an induction pack and in-person programme which provides a briefing on the background to the foundation and the various aspects of our work, as well as the role and responsibility of trustee/directors. In their first year, new trustees will observe a grants panel and other committees best suited to their areas of expertise and interest.

Trustees are required to declare any competing or conflicting interests, which are maintained as a permanent record and reviewed at the start of each Board and Committee meeting. Where a conflict of interest arises, trustees are required to absent themselves from any discussion or decision-making.

Trustees have access to an online Board portal with all relevant policies and information about the foundation’s activity as a permanently available resource, and this is also used to manage online discussion, approvals and meeting papers.

All trustees give their time freely and no remuneration is paid.

To enable us to bring in expert and specialist support, Heart of Bucks operates the following sub-committees; the Development Board, Finance and Investment Committee, Remuneration Committee, Social Investment (Loans) Committee, Grants Committee and various grants panels.

All committees operate under Terms of Reference approved by the Board, which in some cases – for example the grants panels – includes delegated authority to decide on grant and loan awards, within the over-arching policy approved by the Board.

Expert volunteers are recruited to work alongside trustees on these sub-committees to help us ensure our activities are well-informed by specialist or local knowledge and that our grant decisions are independent. The appointment of committee members is reserved to the trustees who will review any recommendations made by the committees.

The Board are supported with their governance responsibilities in respect of the Charity Commission, Companies House and the Fundraising Regulator by the Head of Operations and Head of Finance.

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Role of the Board

At their quarterly meetings, trustees discuss and agree the broad areas of strategy and activity. They scrutinise performance against a set of Key Performance Indicators under three strategic aims: Income Generation, Meeting Local Need and Civic and Community Leadership.

Matters reviewed at each Board meeting include grant making, investment fund performance, budget and finances, fundraising and donor relations as well as HR matters, risk, policies and other governance matters.

Twice a year the Board meet for strategy review and planning, with the focus alternating between finance and fundraising, and grant making and community impact.

The day-to-day management of the charity is delegated to the staff team under the leadership of the Chief Executive.

External Regulators

Heart of Bucks is registered with the Charity Commission, Companies House, the Fundraising Regulator and the Information Commissioners Office as a Data Controller.

Risk Management

The trustees have a robust Risk Policy and the Chairman leads on risk for the Charity.

Major risks are recognised and recorded, along with mitigation measures. Risks are recorded under five categories: Strategic and Governance, Financial, Operational and Reputational, Staffing and Culture. The board review risks at each quarterly meeting, identifying any new or emerging risks and considering whether current mitigation measures are sufficient, or whether further action is required.

For the reporting year, the trustees identified our most significant risk to be the loss of investment income and/or invested capital due to poor economic performance.

This risk is mitigated by our investments being actively managed by CCLA and Sarasin in line with objectives agreed by our trustees and monitored monthly. We also put considerable effort into our fundraising activities to generate both flow through (immediate spend) grant funds and for donations to our core operating costs from a diverse range of sources.

As explained below, (Investments and Investment Policy), the performance of the investment houses is monitored by our Finance and Investment Committee. It remains a possibility that lower investment income could reduce our ability to give out grants, but this would not affect the financial viability of Heart of Bucks in the next three years.

Fundraising Activities

The Head of Development and Development Board lead on our fundraising activity, with reporting responsibility to the Board of Trustees. Heart of Bucks is registered with the Fundraising Regulator, and we work hard to ensure we are compliant with the Fundraising Code of Practice. We are also registered with the Information Commissioners Office and have policies and processes in place to ensure we comply with the Data Protection

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Act, UK General Data Protection Regulations and the Privacy and Electronic Communications Regulations in our contacts with supporters, donors and beneficiaries, as well as the wider community.

Our Donor Acceptance and Refusal Policy sets out the circumstances in which we will undertake further enquiries into the source of donations and when we may refuse a donation. It also provides guidance on how we will take account of the capacity of a donor when they are making a decision to donate, as well as providing staff with guidance on anti-money laundering measures.

Related Parties

One of our trustees is a partner at BP Collins LLP, which has consistently made donations into its restricted fund held by Heart of Bucks for grant giving. Another trustee is also the trustee of a charitable foundation which has given funds to Heart of Bucks for onward distribution.

Objectives and Activities

Our Vision and Mission

Our vision is to create and support a culture of giving that strengthens and supports communities throughout Buckinghamshire.

Our mission is to be a catalyst for social change, simplifying, encouraging and enabling local giving and community philanthropy. Through a programme of informed and targeted funding and advice, we make our community a better place to live, work, play and do business.

Our Values

Our Strategy

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How we benefit the public

Our trustees have taken account of their duty under section 4 of the Charities Act 2011 and of their obligations with regard to the Charity Commission guidance on public benefit when planning our business and activity programmes.

The Board review our public benefit annually to assure themselves that our operations continue to align with this responsibility. This was last carried out on 22nd May 2025.

The direct public benefit that flows from our charitable purpose is primarily the provision of grant and loan funding for a broad range of community services and projects. To be eligible for our funding, projects or services must be exclusively “not for profit”.

The range of funds we managed throughout the reporting year cover all of the issues and themes of need listed in our charitable purposes. These are shown below, with examples of grants made during the year.

We worked with a local private family foundation to jointly fund a £51,880 grant to Connection Support for their collaborative work with hyper-local partners aimed at reaching those who have ‘fallen through the gaps’ of existing support, and who might not know, be able to engage with, or trust existing services and support. The partners delivered holistic cost of living support including crisis support, welfare benefits, debt advice, housing advice and health and wellbeing services.

We were thrilled to grow our bursary options, now offering the Beacon EVT, Savoy Educational and Succeed bursaries, alongside our Olney Fund, all of which support young people in Bucks entering education, apprenticeship or training.

Elsewhere, the Buckinghamshire and Milton Keynes Sexual assault service received a grant of £7,500 to fund their therapeutic services for survivors of sexual assault.

Elsewhere, Queens Park Arts Centre received a grant of £7,878 towards the overheads and operational costs of running the centre for one year, enabling them to continue their programme of over 100 weekly workshops and courses and events in their 120-seat theatre space.

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Elsewhere, we were delighted to fund the UDOIT Dance Foundation’s initiative to target 10 schools across Buckinghamshire to address knife crime through early/preventative intervention. By engaging children and young people in a four-week program, the foundation was able to provide them with crucial knowledge about the laws, consequences, safety measures, and offences related to knife crime.

Meanwhile, Wycombe Environment Centre received a grant of £1,500 to support their Refresh scrap store and Repair Café projects. Both projects support the community in alternative, circular consumer options.

Over the financial year we made 261 grants, with a value of more than £265,000, putting much needed support directly into the hands of those most in need.

Our Activities

Grant and Loan Making

Heart of Bucks generates funding, primarily for Buckinghamshire causes, from a broad range of sources, including statutory bodies, government programmes, national charity programmes, local business, trusts and private philanthropic donors.

We distribute grants and social investment loans to constituted not-for-profit groups, including Registered and non-registered Charities, Community Groups, Community Benefit Societies, Charitable Incorporated Organisations (CIOs), Community Amateur Sports Clubs, Community Interest Companies (excluding those limited by shares) and Parish Councils operating within the administrative county of Buckinghamshire.

We also operate a number of hardship funds giving grants to individuals and families in crisis. For these funds we work through a network of Community Advocates – associates working in non-profit or public sector organisations who are well-placed in the community to provide holistic advice, debt and budgeting support to the recipients of our grants, thus helping to maximise the impact of a small cash grant.

Due to the bespoke nature of our donor services, some funds may have specific eligibility criteria, or may be targeted at particular themes or causes that the donor wishes to support. In some cases, donors give specific

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instructions as to the organisations they wish to support.

However, the real strength of the Community Foundation model is seen when donors are less certain about what types of issues to support, or which, out of a myriad of local and national organisations, is the best match for their giving aspirations. We work closely with donors to understand what issues are important to them and their families and share relevant information about local needs, to help them develop the fund that best aligns with their giving aspirations. In all cases, eligibility criteria are subject to the over-arching grantmaking policy of the Board of Trustees which specifies a small but important number of exclusions, including activities supporting a single religion or political parties.

We are accredited to and work closely to the “Open & Trusted Grant maker” principles developed by the Institute for Voluntary Action Research (www.ivar.org.uk)

Applications are invited from eligible groups through a programme of marketing, research, promotion and outreach activity aimed at reaching grassroots organisations across the County.

On receipt of applications, Heart of Bucks staff conduct thorough due diligence checks, prior to the application being considered by the Grants or Social Investment Loans Panels. These are independent decision-making bodies, drawn from a county-wide pool of around 25 volunteers, working alongside donor representatives where desired, and each led by a Heart of Bucks trustee.

Decision-making for hardship funds is delegated to the staff team, in order that very quick decisions can be given to relieve those in hardship. This is also the case for most bursaries and for smaller grants made under our micro-grants programme where the aim is to give small grants, with a quick turnaround to meet immediate needs. These grants are reported to our grants panel for independent scrutiny.

In the case of some of our Corporate Funds, the decision-making may be made solely by the donor company’s staff team, with initial due diligence and other checks undertaken by our team. This enables the company’s workforce to engage in charitable giving and to gain awareness of community needs, in support of the company’s Corporate Social Responsibility Programmes.

The majority of grants awarded are £10,000 or less (£2,000 or less in the case of hardship funds or microgrants), but a number of our newer funds have increased the maximum grant available to £15,000. All payments over £10,000 are reported to the Finance & Investment Committee for scrutiny.

Social Investment “Loans” may be awarded up to £25,000, repayable over a period up to five years. These are interest-free, unsecured unregulated advances of funds. Following due diligence checks, decisions on the terms and condition of any advance are determined by the Social Investments (Loans) Committee.

Monitoring Impact

Ensuring that our donors’ generosity is applied to the best possible effect is very important to us, so we monitor the usage and impact of any funding awarded. We work closely with beneficiary organisations to enable them to identify and report on the difference the award has made to their community or service users.

When End of Grant reports are received, our Programmes Officers review these against both the original purpose of the fund and the stated purpose of the grant awarded, feeding back our findings to the reporting organisation to help them both to celebrate achievements or to seek improvements where necessary. To complete the circle, we provide regular impact reports and feedback to the original donors so they can hear about the impact their giving has achieved.

Community Leadership

Heart of Bucks has a growing role in community leadership. As a non-affiliated, independently funded organisation, we are ideally placed to bring knowledge and expertise to influence local public policy around Voluntary and Community Sector Strategy and community development.

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This year we were delighted to further develop our Vital Voices events – a series of topic specific gatherings of representatives from the local VCSE sector, connecting with influential people on the key issues of the day, from Relationships Between Businesses and Charities (with Bucks Business First), Supporting Marginalised Communities in Times of Crisis (with National Emergencies Trust) and most recently, AI and the Local Charity Sector (with The National Lottery Community Fund).

We continued to provide insight throughout regular ‘Buckinghamshire Uncovered’ series of research reports, kindly funded by The National Lottery Community Fund, which this year took a closer look at a diverse range of issues for our county, from Creative Health through to Loneliness and Isolation.

Our community leadership role developed further when we took on the hosting of the Bucks Data Exchange. This free-to-use service, the result of a partnership between Heart of Bucks, the Rothschild Foundation, Buckinghamshire Council and LEAP, helps small charities in Buckinghamshire better understand the needs of the people and places they are serving and show the difference they’re making. We are very pleased to have been able to expand our offer to local VCSE groups with the implementation of Local Insight, an interactive data mapping tool, and the provision of our “Big Question” surgeries, and a data maturity self-assessment tool.

Strategic Report

Achievements and Performance

In 2024-2025 we had our largest ever grant making year, distributing over £2.5 million in grant funding, supporting 317 projects and 261 households.

As demonstrated in “How we benefit the public” above, we are primarily a place-based funder, able to support a huge variety of causes and issues. In 2024-2025, our grants ranged from £50 to support a young man with complex mental health challenges to visit his terminally ill mother, through to a grant of £51,880 to a consortium of local and hyper-local charities, led by Connection Support. This innovative project reaching into marginalised communities to provide support with cost of living, poverty and isolation. This grant was made possible through a partnership with local funders Tony & Sheelagh Williams Foundation.

Our Young Futures programme launched in 2023-2024 awarded their first grants this year, and have gone from strength to strength, making our first ever awards from the SWEF Enterprise Fund, helping young entrepreneurs to bring their business ideas to fruition. Since then we have been pleased to add a further three bursary programmes to support students and apprentices

In September 2024, we were thrilled to attend a two-day event in Ghent, organised by European Community Foundation Initiative to share our experience and learning from our Young futures programme and to exchange ideas with other similar projects across Europe.

After an open recruitment campaign, we were delighted to appoint an additional 25 new volunteers to join our independent grants panel. Having the knowledge and expertise of our local volunteers is a vital part of making sure our grant making stays in touch with our local communities and it is always encouraging to know that so many people are keen to bring their skills to support us.

Our Development Team continued to perform impressively. We received £3.8 million in donations and grants in the year, of which £1.3 million was invested in restricted endowments to fund grants in perpetuity and £1.9 million was donated to restricted flow-through funds for immediate grant making.

We continue to enjoy the support of some fabulous local businesses through our Community Investors programme, which recognises business in Buckinghamshire who are contributing financially or through other forms. We are immensely grateful for the support of these companies to help us to make our community stronger.

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Our 25th Anniversary celebrations continued bringing together many of our grantees, donors and fundholders to celebrate our achievements to date, and to hear about future plans.

We finished the year with an event hosted by Stoke Park, the esteemed luxury hotel and golf estate in Buckinghamshire, and Mimi Harker OBE at a special fundraising lunch 25 years after we launched at the same venue. At the event, Stoke Park generously surprised Mimi Harker with a cheque of £2,025 in honour of the 25-year celebration, which will be donated to Heart of Bucks.

Finally, we also started to look to the future, thinking about our strategy for the coming 25 years, work that will continue in 2025-2026 to ensure we are ready for the challenges and opportunities ahead.

What did we achieve?

Some of our notable achievements during the year -:

Future plans

Our core grants programmes will continue, with the addition of a number of new programmes that are currently in development and we will continue to look for opportunities to develop new funding partnerships to ensure we are able to support the broadest range of groups possible.

Our work with the Bucks Funders Group will continue to develop, and together with partners, The Rothschild Foundation, Tony and Sheelagh Williams Charitable Foundation, Anson Charitable Trust, Red Kite Housing, Paradigm Housing, Link Foundation, Community Impact Bucks, Leap, Buckinghamshire Council and The Clare Foundation, we are working towards the launch of a joint website and future cooperative funding programmes.

We will publish further titles in our Buckinghamshire: Uncovered report series and convene further Vital Voices event. We are planning our first ever data-led event for the VCSE sector: Successful Applications: demonstrating need with local insight.

Our 25th anniversary celebrations will continue through our HOB on Tour walks and talks around the county visiting a range of local charities celebrating 25 years of local giving.

In July we will host our first ever Festival of Young Volunteers at the lovely Penn House, courtesy of His Majesty’s Lord Lieutenant of Buckinghamshire.

Over the course of the next year we will continue our Digital Transformation project aimed at creating the best possible experience for our grantees and enhancing our ability to analyse and understand the detail of our grant making.

Eden Shopping Centre will continue its partnership with Heart of Bucks in 2025 following our initial connection as charity partner in 2024 with its Eco Elves Teddy Trade over the Christmas period, which raised just over £6,000 for the Community Investor Fund. Through our involvement, the centre will be providing space in the centre for local grassroots charities to fundraise and promote their work to visitors.

Mindful always of the need to sustain our charity, in June 2025 Heart of Bucks set up a trading subsidiary called Capstone Circle Ltd, which is expected to begin trading in the year to 31st March 2026. Capstone Circle Ltd will initially provide services to other grant giving organisations, including but not limited to grant assessments, due diligence on applications and end of grant monitoring. Its profits will be remitted to Heart of Bucks to fund its charitable objectives

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Financial Review

Our work is entirely reliant on income and investment returns from our endowments, donations to our flowthrough funding programmes and other unrestricted donations received.

Heart of Bucks draws funding from as wide a range of income streams as possible, including individual philanthropic donors, corporate donors, local and central government, other national and regional funders, trusts and fundraising activity.

This year we were fortunate to benefit from the very generous offer made by our long-term supporters James and Elsie Frost of The Mulberry Trust, who pledged to match every pound donated by guests invited to our Chequers drinks reception at the end of March 2024. Thanks to the overwhelming generosity of local philanthropists, we surpassed our goal, raising more than £1 million. In an incredible act of further support, The Mulberry Trust extended the match-funding offer, bringing the total amount raised to £2.6m.

Overall we received funds of £1.3 million to endowment funds.

We received donations of £1.9 million for immediate-impact (flow-through) grant making from a wide range of supporters, both corporate and private.

Our staffing costs were partly offset by generous funding from The National Lottery Community Fund for our Policy & Insight manager, and from both the Rothschild Foundation and private donations towards the Young Futures Fund.

During the financial year Heart of Bucks recognised income totalling £3.8 million. Investment income (excluding revaluation of investment funds) contributed £0.5 million of the income received and a full analysis of this is given in note 6 of the financial statements.

In total we held funds at year end with a value of £14.8 million (2023-2024: £14 million).

The year-end funds comprised £12.0 million of investments, including the listed investments and the Royal Albert Hall Box (as at year-end we are still waiting for the transfer of this asset to Heart of Bucks) with the remaining £2.8 million held predominantly as cash restricted for the purposes of grant making or for making future investments.

During the year unrestricted funds increased by £0.2 million, to £3.0 million and relate primarily to long term investments used to generate income to defray Heart of Bucks’ operating costs, allowing donors to maximise the proportion of their donations to us to be passed on in grants to other organisations and individuals.

Of the £3.0 million, £2.5 million relates to long term investments. £0.3 million is held for match funding opportunities, to attract donations and £0.2 million is held in a general fund in line with our reserves policy to fund operating costs and any unforeseen expenses.

The detailed results for the company for the year ended 31 March 2025 are set out in the attached financial statements.

Investments and Investment Policy

Heart of Bucks’s Investment Policy is intended to achieve an appropriate balance between protection and growth of long-term investment funds and generation of income to fund grant awards and our overhead costs. We aim to enhance our assets by investing in a range of instruments which are both tax efficient and responsive to liquidity requirements, and which exhibit the appropriate risk profiles.

Our Policy provides for some ethical constraints on the type investments we would consider where we would not consider these to be a good fit with our vision for our local community. Our investment managers, CCLA and Sarasin are made aware of these ethical considerations and report regularly on our investment portfolio.

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Our Finance and Investment Committee (F&IC) comprising some of our trustees and other external expert volunteers, monitors the performance of our investment houses to determine the optimum placement for the majority of our funds. There are a small number of funds, principally those deriving from Government match-funding schemes, which are required to be invested in specified investment houses by reason of the conditions of their original award.

Investment performance is monitored on a monthly basis and reviewed quarterly by the F&IC who also have oversight of the Social Investment (Loans) Committee.

Large donations more than offset a fall in the value of existing donations due to the economic climate, resulting in growth of approximately 6.2% across the portfolio.

Having considered the performance of our funds, compared with benchmarks for similar funds, the Trustees

are satisfied with the performance of the investments during the year.

Following changes to the Community First (CF) funds held with CCLA, the Committee introduced the option for CF fundholders to drawdown up to 6.5% of their excess capital growth annually. The Committee considered adopting a similar approach in respect of other endowment funds managed by Heart of Bucks. After much discussion and analysis and taking into account the current economic climate it was agreed that fundholders would be given the option to drawdown a limited percentage of the excess income, and this will be implemented in the next financial year.

Reserves Policy

Heart of Bucks’ policy is that the unrestricted funds held in a general reserve, not committed or in designated funds, should include sufficient to cover the administration costs of the charity for a period of 3 months. The policy is reviewed annually.

Three months administration costs in the budget for the coming year amount to approximately £172,000 and this year the general reserve totals £202,000.

In addition to this, unrestricted long-term investments of £2.4 million are held in accordance with the directions of the trustees to create both long-term capital growth and annual income that can be used to help defray operating costs. These can be liquidated at short notice if required.

If the general reserve is in excess of the three-month target, reviewed on a rolling three-year basis, the Trustees will consider whether to use the excess to make grants and/or to attract donations through match funding. The excess this year will be allocated to match funding in the coming year.

Remuneration Policy

Responsibility for Heart of Bucks’ remuneration rests with the Board via our Remuneration Committee who review our Pay and Reward Policy annually. Our aim is to pay mid-range sector-appropriate salaries to ensure we are able to recruit and retain appropriately skilled staff to deliver Heart of Bucks’ mission, whilst maintaining a balanced budget.

Heart of Bucks is accredited to The Living Wage Foundation and are committed to paying at least the Real Living Wage to all staff. The remuneration package includes access to Group Life Assurance benefit, above-minimum pension contribution, salary sacrifice pension contributions, and access to the SmartHealth programme, including health advice, counselling support etc. Trustees do not receive remuneration although reasonable out-of-pocket expenses are available for all Trustees, Committee members and Volunteers.

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Acknowledgements

The trustees would like to thank our public sector, national charity, charitable trust and corporate donors, those who made philanthropic donations as individuals, families or through trust funds, and other supporters who have made significant contributions to support our work during the past year.

The Board would like to record their sincere thanks to our President, Vice President and Ambassadors and to all the volunteer members of our sub-committees and panels for having generously given so much of their time and commitment.

Auditor

Azets Audit Services were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing the appointment of auditors for the next financial year will be put at a General Meeting.

Disclosure of information to auditor

So far as each person who was a trustee at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the trustees individually have taken all the necessary steps that they ought to have taken as trustees in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

The trustees’ report, including the strategic report, was approved by the Board of Trustees on 28th August 2025.

...................................................

W. Moir Stewart - Chairman

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Trustees’ responsibilities in relation to the financial statements

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and the United Kingdom Accounting standards.

The law applicable to charities in England and Wales require 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 the resources and application of resources of the charity for that period. In preparing these financial statements, trustees are required to:

The trustees are responsible for keeping accounting records which disclose, with reasonable accuracy the financial position of the charity, and enable them to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of our governing document. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud or other irregularities. Finally, the trustees are also responsible for the maintenance and integrity of any financial information included on the charities website and that these accurately represent the charity’s position.

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BUCKINGHAMSHIRE COMMUNITY FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BUCKINGHAMSHIRE COMMUNITY FOUNDATION Opinion We have audited the consolidated financial statements of Buckinghamshire Community Foundation (the 'parent chantable company,) and its subsidiary (the 'group') for the year ended 31 March 2025 which comprise of the Consolidated Statement of Financial Activities, the gmup and parent company Balance Sheet, the Consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting p)Iicies. The financial reporting framework that has teen applied in their preparation i5 aFplicable law and United Kingdom Accounting Standards, including Financial ReFX)rb'ng Standard 102 The Finarpcial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally AC￿pted Accounting Practice). In our opinion, the financial statements". give a true and fair view of the state of the group's and parent charitat4e company's affairs as at 31 March 2025 and of the group's incoming resources and application of resources. for the year then ended., have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have tEen prepared in accordance wth the requirements of the Companies Act 2CMJ6. Basis for opinion We conducted our audit in accordance wth Intemational Standards on Auditing {UKI IISAS (UKI) and applicable law. Our responsibilities under those standards are further descrited in the Auditor's responsibilities for the audfl of the financial slalements section of our rewrt. We are inde￿ndent of the charty in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'5 Ethical standard, and we have fulfilled our other elhical responsi￿.11￿.es in accordance with these requirements. We believe that the audit evidence we have otxained is sufficient and apwotxiate to provi(k a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial ststements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue Our responsikn"lth"es and the reswnsibilits.es of the trustees W￿th resFeCt to going concern are descrited in the relevant sections of this report. Other inforniation The other informat'on comprises the infomiation included in the annual report other than the financial statements and our auditovs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial ststements d(￿5 not cover the other information and, except to the extent otherwise explicitly stated in our retx)rt, we do not express any form of assuran¢e conclusion thereon. Our reswnsibility B to read the other information and. in doing so. consider whether the other information is materially inconsistent wtth the financial statements or our knowledge obtsined in the course of the audit, or otherwise appears to materially misststed. If we identrfy such material Incons1Stencies or apparent material misstatements, we are required to determine whether this gtves rise to a material misstatement in the financial statements themsekrfes. If, based on the work we have FErformed, we conclude that there is a material misstatement of this other information, we are required to reF()rt that fact. We have nothing to rewrt in this regard. Page 17

BUCKINGHAMSHIRE COMMUNITY FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BUCKINGHAMSHIRE COMMUNITY FOUNDATION Opinions on other matters prescribed bythe Companies Act 2006 In our opinion: based on the work undertaken in the course of our audrt. the information given in the trustees, reFOrt for the financial year for which the financial statements are prepared, which includes the directors, report and the st￿tegiC report prepared for the purwses of company law, is consistent with the financial statements., and the strategic rewrt and the directors, rew)rt included within the trustees, report have been prepared in accordance applicable ￿gaI requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the group and parent charitable company and its enwronment obtained in the course of the audit, we have not identtfied material misstatements in the strategic report or the directors, report included within the trustees, report. We have nothing to report in respect of the follwng matters in relation to which the Companies Act 2006 requires us to ￿port to you if. in our opinion". adequate accounting records have not iEen kept or returns adequate for our audit have not been received from branches not visited by us., or the parent charitsble company's financial statements are not in agreement with the accounting records and returns", or certain disclosures of trustees. remuneration specthed by law are not made", or we have not recewed all the information and explanakn.ons we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees, resFonsibilrties. the trustees. who are also the directors of the group and parent charrtaile company for the purpose of company law, are resty)nsible for the preparation of the financial statements and for being satr"sfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group and parent chantable company's ability to conb'nue as a going concern, disclosing, as applicaUe, matter5 related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the group or parent eharitable company or to cease owrations, or have no realistic altematwe txjt to do so. Auditor's responsibilities for the audit of the financial statements Our objectrrf￿ are to obtain reasonable assurance atx)ut whether the financial staten*nts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit Conducted in accord8n¢e with ISAS (UK) will always detect a material misstatement when rt exists. Misstatements can arise from fraud or error and are considered matenal rf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of Use￿ taken on the basis of these financial statements. A further description of our responsitH"lities E available on the Financial Rewrting Council's wet6ite at.. https.'Il .frc.org.ukJaudttorsresponsibilities. This description fomis part of our auditors report. Page 18

BUCKINGHAMSHIRE COMMUNITY FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BUCKINGHAMSHIRE COMMUNITY FOUNDATION Exterrtto which the auditvras considered capable of detecting irregularities, in¢luding fraud Irregularities, Including fraud, are instances of non-compliance with la￿ and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's wetsite, to detect material misstatements in reS￿¢t of irregularities. including fraud. We obtain and update our understanding of the entity, its actwities. its control environment, and likely future developments, Including in relation to the legal and regulatory framework aFplicable and how the entity is complying with that framework. Based on this understsnding. we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perfomi audit procedures reswnsive to those nsks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicatAe laws and regulab'ons, including fraud. In response to the nsk of irregularities and non-comFAiance wth laws and regulations, including fraud, we designed procedures which included". Enquiry of management and those charged wrth g)vemance around actual and pjtential litigation and claims as well as actual, su5￿Cted and alleged fraud". Reviewing minutes of meetngs ofthose charged wth governance., Assessing the extent of compliance ￿th the lavts and regulations considered to have a direct matsrial effect on the financial statements or the operations of the entity through enquiry and inspection,. Reviewing financial statement disclosures and tesb.ng to supporting d￿uMents1.0n to assess compliance with applicable laws and regulations", Performing audit work over the risk of management ￿"aS and overnde of controls, including testing of journal entries and other adjustments foi appropriateness, evaluat'ng the business rab'onale of significant transactions outside the normal ¢our5e of business and reviewing accounting estimates for indicators of wtential bias. Because of the inherent limitations of an audit. there is a risk that we Vrfill not detect all irregularities, including those leading to a material misstatement in the financial statements or non-complian￿ wrth regulation. This risk increases the more that eompliance with a law or regulation is removed from the events and transactions reflected In the financial statements, as we will be less likely to become aware of instanTrs of non-compliance. The risk of not detecting a matenal misstatement resulting from fraud is higher than for one resulting from error, as fraud may invO￿e collusion, forgery, intentional omEsions, misrepresentstions. or the override of internal control. Use of our report This report is made solely to the group and parent charttable company¥ members, as a tx)dy, in accordan￿ with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has teen undertaken so that we might stste to the group and parent charitsble company's memtErs those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permrtted by law, we do not accept or assume reS￿nsIbIlity to anyone other than the group and parent charitable company and the group and parent charitable company's memtkrs as a tody, for our audit work, for this rep)rt or for the opinions we have fom)ed. Tracey Richardson Bsc (Hons) FCA (Senior Statutory Auditor) for and on behalf of Azets Audit Services 51h September 2025 Chartered Accountants Statutory Auditor Westwint Lynch Wocmj Petertx)rough Cambridgeshire United Kingdom PE2 6FZ Page 19

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BUCKINGHAMSHIRE COMMUNITY FOUNDATION CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025 Balance Sheet as at 31st March 2025 Ncte 202S 2024 Flxed assets Tangible assets Investments 17 18 10.177 11,982.767 8,863 12,106,199 11,992,944 12,115,062 Current assets Debbrs falling due after one year Debbrs falling due wf£hin one year Cash at bank and in hand 19 19 25,950 228,091 2.647,920 38,130 221,394 1,660,840 2.901.961 1,920,364 Credltors: amounts falllng due within one year 20 (72.100) (83,472) Net current assets 2,829,862 1,836,892 Total assets less current Ilabllttles 14,822.807 13,951,954 Capital funds Endowment funds - general Income funds Restricted funds Unrestricted funds 22 10,823.688 9,746,804 23 1,025,248 2,973,870 1,383,512 2,821,638 14,822.807 13,951,954 The directors acknowledge their resFx)nsibilities for complying wtth the requirements of the Companies Act 2006 with reS￿ct to accounting records and the preparat'on of financial statements. The financial statements were approved arKI authorised for issue by the Trustees on 28th August 2025 Moir Stewart (Chairman) Trustee Company registration no. 03662246 Page 22

BUCKINGHAMSHIRE COMMUNITY FOUNDATION CHARITY BALANCE SHEET AS AT 31 MARCH 2025 Note 2025 2024 Fixed assets Tangible assets Investments 17 18 10.177 11,982,767 8,863 12,106,199 11.992,944 12,115,062 Currènt assèts Debtors falling due after one year Debtors falling due within one year Cash at bank and in hand 19 19 25.950 228,091 2.647,920 38.130 221,394 1,660,840 2.901.961 1,920.364 Creditors- amounts falling due within one year 20 172.1001 183.4721 Net cutTent assets 2.829.862 1.836.892 Totsl a8set8 less currem liabilities 14.822.807 13,951,954 Capital funds Endowmenl funds- general Income funds Restncted funds Unrestiicted funds 22 10.823,688 9,746,804 23 1.025,248 2.973.870 1,383,512 2.821.638 14,822,807 13,951,954 Page 23

BUCKINGHAMSHIRE COMMUNITY FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR TO 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated fromllabsorbed by) OFErations 32 650,637 558,568 Investing activities Purchase of tsngible fixed assets Purchase of investments (6.298) {384.986) (11,027) (903,860) (912,500) 70,255 387,818 Royal Alt￿rt Hall Box Legacy received Proceeds on disposal of investments Investment income received 222.252 505.476 Net cash generated froml(used in) investing activities 336.444 (1,369,314) Net cash used in financing activities Net increaselldecrease) in cash and cash equivalents 987,080 (810,746) Cash and cash equivalents at beginning of year 1,660,840 2,471,586 Cash and cash equivalents at end of year 2,647,920 1,660,840 Relating to: Cash at bank and in hand 2,647,920 1,660,840 Page 24

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 kcourrting policies Charity infonnalion ￿Uc￿.ngharnshlre Ccnmunity Fc￿ndati￿ is a private company limitaj by guarant incorporataj in England and Wdes. The r￿1st￿ed office is New Road. west￿ Turville, AWestsJry, HP22 5QT 1.1 kcounling convenlion The finanaal statements have prepared in aCccrdan￿ Ihe charitys goveming document, the Companies Act 20￿ and 'A￿untIr￿j and Reporb"ng by (￿alitIes". Stat￿ent of ReComm￿ded Practi￿ applicable to charilj.es preparing their accounts in ac￿dan￿ wilh Ihe Finance Reporb"ng standard applicable in the UK and Republic of Ireland IFRS 1￿2) leffects.ve 1 January 20191." The charity is a Public Benefft Enty as deffined by FRS 102. The finanaal statements are P￿Paral in slet1ing. whi(J) is Ihe fvnth"(md uJTherKy of Ihe charity. M¢y)etary amrxjnts in these ffinanaal stslema)ts are rlxmded lo Ihe nearesl £. The finanaal statements have be￿ prq)ared under Ihe histori￿1 cost convents"￿. modifia to include the revalua11￿ of inves1menls and ￿rtain fin￿¢1￿ inStr￿ents at fair vdue. The principal accx)unts"ng poliaes ad(yled are set out bdow. 1.2 Going concern At the time of apwoving the ffinancia statement& the1rustees believe Ihat the charity has ad4uate resources and a rea￿nable expectation of future in(x)me to CtJ)I'nue in q)erab"ona e￿StenCe for the foreseeable future. Thus the trustees (x)nl'nue to alopt the going c(x1￿M bass of att(xJntng in preparing the finan(ial statem&)ts. 1.3 Charitable funds Unrestricted fvnds are avalable for use at the dIs￿eti￿ ofthe trusts in fvrtheran￿ of th&r charitable objectives. ReStr"Ct￿ funds are subj￿1 to specific condilj.ons by doncrs as to how Ihey may be used. The purp)ses and uses of Ihe restn.cted funds are set out in the notes to the )Inanaal statements. Endowment funds are subject to ￿ifiC condib"c￿5 by doncrs that the capital must be maintained by the charity. 1.4 Incoming r&sourc8s Incoming re￿urCeS are made up of four revenue s￿ms- dc￿atiC￿ and legaaes, eV￿ts income, investsnent inccme and 1￿cthe frc*m ccmmeraal trading cpwatsons. Income frcm dcnabons and legacies, indudirvJ capital grants, is indud8J in incoming resources when., . The group b￿c￿e5 enIrti￿ to Ihe dC￿alICfi, legacy cr similar income and any conditicns for re￿ipt are met", b. The Trustees are reasAJnably ¢￿tsin Ihey will r￿&ve it. and c. The Trustees are reasonably ￿rtain 1hat1he vaue can be rdiably measured. Page 25

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 en Ihe dcnor5 specify that dcnalj.ons and legacie5. including capila srant5, we for parb"cular restncled purposes, which do ￿t amounl to prfrconditicrts r￿ardIng ￿ts.t1￿ent, this income is included in inccffliTrJ res£jur￿5 of restricted fvnds. Commwaal tradirKJ yrali¢y)s relale to ￿ ath"vib"es of the trading wbsdiary. The accounling poliaes of Ihe ￿b$diary are in line with w4) &)d income is re(x)gThsa in accordan￿ with Ihe above, where ￿levanL Events income is recognised at the point at which the event tskes place. Income is deferred when it has been recaved but eilher the en1J"liement lo it has not yet cryslallised, or il rdates to future events which have notyet Cccu￿ed. InVestM￿t in(xJme is recognised in acIyJrda￿e wilh the pericd to which it relates. Ino)ming resources from End0wm￿ts le.g. Th'vidends and interest) are al treated as restrict￿ low through Jnds. 1.5 Resources expanded abilities are r￿c￿nISed as expendibjre as as there is a legal or constructive d)ligatic committing the charity to Ihat expenditure, it is probable1hat a transf￿ of ￿l￿OMiC b￿efits will be required in settlem￿1 and 1he amount of the ct)ligaticn can be mea￿ra] reliably. Expendifvre is accounted for on an accruals bass and has bn dassfi&J under headings that aggregate all cost related to the categ¢Jy. Where costs cannot be direc11y attributed to parb'cular headings they have been aiocated to acbvitses on a basis ccnsstent wilh Ihe use of re￿urCes. (>anls offered gjbjecl to Cond'ts¢￿S which have not been met at the year eThJ date are noted as a commi1ment but not accrued as expend'twe. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at Cost aThJ SubSeq￿nty mea￿red at C05t c valuati￿, net of depreaation ary impaimient losses. Depreaatson is recogrffsej so as to write off Ihe ￿5t tx Valuati￿ of assets less their residual vdues over trer useful lives cfj Ihe fc41owing bases. Fixtures and fith.ngs straight line over 3-5 years Computers straight line over >5 years The gain or loss arising (y) Ihe disposal of an asset is del￿nin￿ as the diffwence befv4een Ihe sale proceeds and the caryThJ value of1he asset. and is ￿cOgnIs￿ in net incomellexpendilurel f(X Ihe year 1.7 Fixed asset investmerrts BCF'S poliq is to hold investments primarily in order lo generale income and capital growth for Ihe pport of its work over a lontemi period. The effect of this policy is that rixe*J asset invEstrmentS are Sho￿ at cpen market Vduab.c￿ in lirE wi1h SORP 'Acccunting By Charib"eg. The SOFA includes the net gains and10sses arisng cn revaluaticns and disposals 1tr0ughc￿t the year. Page 26

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 R&alised and unrnalisad gains Unrealised g￿n5 and losses arise when fixej assets for charity use cf fixed asset investm￿ts are included in the b￿an￿ theet at revalu&J amounts CY market value. Realised g￿n5 ￿d1055e5 are recognised 4then ￿ asset is disFwd of. 1.8 Impainnent of fixed a88els At eath reporting end date, the chanty reviews 1he ca￿ing amojnts of its tangible assets to detemiine whether there is any indicaticn that1hose assets have 9jff￿ed an impaim)enl loss. If any suth indicaton ￿Sts. the r￿c￿erable amount of the asset is estimated in order to de1￿mIne the ex1ent of the impaimient loss lif any). 1.9 Cash and cash equivalenls Cash aThJ cash equivdents incI￿Je cath in hand, depc6its held at call wilh banks. cther thort-t￿M liquid investrnents wlh original maturities of three mon1hs or less. bank 0V￿drafts. Bank overdrafts are shown wth'n bo￿0￿1ngS in liknilities. 1.10 Financial instrumenls The charity has elected to apply trE pr(wisons of Sects.(￿ 11 'Bagc Finanaal InstruM￿ts, and S￿b"On 12 '01her Finanual Instruments Issues. (rf FRS 102 to JI of its financiJ instruments. Finanaal instruments a￿ re(xNJnisa in 1he d)wtys balar￿e sheet Vl)en the ()arity becomes party to the contraciual provisions of the inslnjmenl. Finanaal assets and liabilities are offset. with 1he net am¢yJts present&J in the fjnanaal statements, when there is a legdly enfc￿ceab1e right to set off the ￿c￿niSed amounts and there is an Intenti￿ to setue on a net bass C￿ to realise the asset and setue the liability simultanewgy. Basic financial assets Basic finanaal assets. whitt) include debt￿$ and cash and bank balances. are inib.alty measured at transarticn pri￿ induding transacts.on (x)sls and are carried 8t amorbsed cost using Ihe eff￿th"ve inlerest melhod unless1he arrangement consb"tutes a financing transacb"on. where Ihe transartion is measured at the PreS￿t value of Ihe future re￿Ipts diS(x)Unt￿ al a malket rate of interest. Financial assets dassf1￿ as r￿￿1vable wilhin one year are not am(yb"S￿j. Basic financial liabilities Basic financial liabilil"es. including ([￿ltorS and bank loans we in￿"allY r&(yJnised al transacti price unless the arrang￿nent C(￿s￿lIu1es a finaniing transac11￿. vknere Ihe debl instruM￿t is m¥aSur￿ al the present vdue of the fvture payments dis(x)unled at a market rale of interest. Finanaal liabilith.es classfied as payable wilhin ￿e year are not am(Yb"s&l. Debt instruments are 9jbsqu￿lJY carried at amcftis&J cc6t, using the effective int￿eSt rate method. Page 27

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTESTO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trade creditors are obligatsons to pay g¢y)Js or ServI￿S that have bn acquired in the ordinary course of operations trcm Suppli￿5. AM￿nts payable are dassfied as I￿￿ent liabilities if payment is due wlhin c￿e year or less. If not, they are presented as noTroJrrent liabilit'es. Trade uedilors are recognised init'ally at transaclion Pri￿ and gJbs4u￿lJY measJr&J at amcftis&J cost Ugng the effective interest method. t￿rec(￿nitIon of financial liats"lities Financial liabilities are der￿(yJn1Sed Wh￿ 1he tharity's CL￿traCtUal obligati￿S expire or are distharg&l ￿ can￿lled. 1.11 Retiremenl benefits Payn)ents lo defined c(x)tributi¢y) rets"reM￿l b￿efit schemes are charg&l as an eypense as they fall due. 1.12 Operating Leases Renta15 payable under cperab.ng leases. including any lease in￿nI"Ve5 re￿1V&￿, are tharged as an expense cn a sts.ght line basis over the t￿rn of1he rdevanl lease. 1.13 Donated s8rvicas ere it is not too oner￿S to colled the infcnnation, gifts in kind are included in Ihe finanaal statements at market vaue. The income is recognis8J within Activities f¢x Generating Funds and Ihe expenditure is recogThsaJ in the relevant SOFA h￿ding. 1.14 Ba818 of ￿n8011datiOn The fin8noal statements c(x)solidate Ihe re￿Its ofthe charity and its wholty owned ￿b￿dIary Bucknngham#)ire Community Fcvndath"on (Kq) Hill aimbl Limiled on a line-by-line bags. A separate Ststement of Financid Ath"vities and income and exp￿dilu￿ 8￿(xjnt the charity has not been p￿￿nted becau the FO￿d811(Xl has taken advantsge of Ihe ex￿p￿"on afforded by secb.on 408 of Ihe Companies Acl 2tKb (see nole 311. The d)anty disposed of ils subgdiary undwtsking, Buckn"nghamthire C(Ynmunity Foundabon (Kq) Hill aimbl Limiled. during 1he previous ffinanaal year on 7 February 2￿24 and ttEre[￿eIhe figures in Ihe financid ststemerrts Ihe rrerrt year do nol indude any results of Ihe subsdiary. 1.15 Operating costs- fund managernent The unrestrided operating costs are defrayed in part by charges transfe￿ed frcm the restricted and endowment fvnds to Ihe unrethctoj ftmd as management fees. In previ￿5 years these have been presented cn the SOFA as inccrfne in Ihe unrestrated fvnd and expenses in the restricted and end0wm￿t fvnds. A dea￿C￿ was taken for the year 31 March 3)24 that these would be present&J as a transfw betsyeen fijnds. The wor year was restated ￿)rdinglY 1.16 Taxation The ch￿ty is exempt from c¢XpCfati￿ tsx ￿ its tharitable activiles. Page 28

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.17 Retiremenl benefits The company OP￿ateS de)In&l c(x1tiibutit￿ and fijrmled Multr￿7P1Oy￿ defin&l benefjt ￿heMeS behaf of certain employees. Contributions are charged to the SOFA in 1he year they are made. The schemes funds are administer&l by Tnjstees and are irmlependent of the companys ffinan￿s. Z Critical accounling e8timale8 and judgemenls In the applicalicn of tre charitys accc4jnts.ng poliaes. the Irustees are r4uir&J to make jUdgeM￿lS, estmates and asgjmptons about the carrying amount cl assets and liabilities that are not readily apparent from other 9)Ur￿S. The estimates and aSs￿lated assumpticns are based on histcrical experien￿ and other factcfs that are ccnsdered to be rdevant. Acbjal regjlts may differ from these estimates. The esb"males and underliing assumpth.ons are reme￿1 ￿ an (ng(xng basis. Revisons lo accounb.ng esb"mates are recognised in Ihe p￿10d in which the esb.male is rews8J where the revison affects only Ihal period. or in Ihe P￿0d of the mis1(￿ and future periods where the revison afferts bolh (urrent and lUlU￿ periods The areas for whith sgnifficant estimth'cn has appli8J are consider8J to be as follcws.. 21 Depreciation of tangible fixed assets tkpreciation is prowded in (￿der to vAite off1he o)sl le&8 estima￿1 residual vaue of eath a&8et over its estimated useful life. Management reassess the depreaation me1h¢)Js. usefijl lives and resdud values where th￿e is an indicaton of a sgnificant change in pattem by whith 1he ccmpary &yects to Ccngjme an asseys fjjture economic benefit. 22 Bad debt provision Management make provison against debtcrwhich is deemed to be FQtent"ally irrecovffable. This provison is reviewed on ￿ annual basis and assessey fcy rea5cnableness. Page 29

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 3. Donation8 and legacie8 Unrestricted funds Restricted Endov*Tnent funds funds general Total Tolal 2025 2025 2025 2025 2024 Donations and gifts Legacies Grants 530,130 1,928,239 1,347.258 3,805,626 2,121,577 912.500 156.000 5.250 5.250 530.130 1,933,489 1,347.258 3.810,876 3,190.077 For the year ended 31 March 2024 1.165.083 1.672.364 352.630 3.190.077 Donations and girts Gifts Donations Gift aid 6.400 2,072,192 42,985 526,568 3.562 1,888,909 39.330 1,347,258 3,762,735 42,892 530.130 1,928,239 1,347.258 3.805,626 2,121.577 Legacies in 2024 relate to the donati￿ of a five seat box at1he Royal Albert Hall. Gifts in kind relate to serVI￿S provided to Ihe Charity induding acC￿n￿ncY and bookkeeping £nil 12024.. £6,400). The subsdiary which was consolidated into Ihese acc£Junls unth"l February 2024 ran a chantable event for which Ihe seN￿S of approximately 300 volunteers were utilised to aid with 1he njnning. In additon to the otrer voluntary serVi￿S by a core management team to prepare for the event 1hroughout 1he year, these services were not recognised in the finanaal Statements of 1he subsidiary, nor these consolidated ffinanaal statements due to tre difficulty in placing a value on Ihese services. Grants receivable Grants for core costs Grants into resth.cted funds 6.000 150.000 5.250 5,250 5.250 5,250 156.000 Page 30

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4. Other Trading Unrestrictad Rèstricted funds funds 2025 2025 Total Tolal 2025 2024 Trading Sub￿diary income 234,645 234,645 The wholly owned trading subsidiary Buckn"nghamshire Communty Foundafy"on (Kop Hill Climb) Limited IKHC Lldl, incorporated in the United lfjngdom (company number 09495670) was ￿)Id for £1 on 7th February 2024. KHC Ltd undertakes the Operati￿ of1he Kop Hill Climb event whith takes place annually. The summary financial perfomiance of the subsidiary alC￿e up to 7 February 2024". Total at7Fab 2024 Tumover Donats'ons and gifts in knnd Event costs Other costs 234.645 21,382 1110,2611 118.1581 Net surplus before gift aid donab.ons Arnount gift aided to tre charity 127,608 192,4971 Movement on subsdiarfs reserves in Ihe year 35,111 The assets and liabilit'es of the subsidiary on disposal at 7 February 2024 were: 2024 Fixed assets Current assets Cu￿ent liabilities 7,857 78,092 Total net assets 85,949 Aggregate share capital and reserves 85,949 Page 31

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Government and Local Authority Partners Donations and grants received from the Govemment and IcKal au1horit.es into restricted fvnds 2025 2024 Bud(inghamshire Council Departrnentfor cUl￿re, Media and Sport Arts Counal England Thames Valley Police 297.WO 894,799 6,587 336 56,047 12.193 309.193 957.769 Page 32

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 6. Inve8bnenl8 Unrestrictè d funds 2025 Restricted funds 2025 Total Unrestricted fijnds 2024 Restncled fijnds 2024 Tolal 2025 2024 Income from investrments Interest receivable 122,044 63.671 272,052 394.096 47.709 111.380 67,153 66,144 242,749 309,902 11.772 77,916 185.715 319.761 505.476 133.297 254.521 387.818 7.Other income Unrestricte d funds 2025 Restricted funds 2025 Total unres1n.cted fvnds 2024 Restricted fvnds 2024 Total 2025 2024 Extemal contract Wotk Otr)er 4.400 20.1(M) 24.5(Kl 4.543 4,543 4.400 20.1rxi 24.500 4,543 4,543 Page 33

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BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 9. Charrtable activities 2025 2024 staff costs Depreciation and impaim)ent Insurance Telephone &PPS sub5cnpts.ons Travelling Computer costs Staff recruitrnent 497,932 4.984 5.624 1.773 8,213 4,933 65,574 412 427,437 5,342 5,328 2,126 7,199 1,966 43,352 2.225 2.868 Training Bad debts Professonal fees 3.250 1,957 474 2,376 12,626 6,400 13,230 5,455 54,035 16,536 Legal & consultanry Accountancy & bookkeeping Auditors remuneration Bank tharges Retumed donations Sundry 14.430 1.378 10,000 19,712 640,647 608,501 Grant funding (see note 101 2.507.957 2.021.518 3,148.603 2,630,019 Anal sb fund Unrestricted fijnds 611.145 2.537.458 524,590 2.105.429 Restricted funds 3.148.603 2.S30.019 Page 35

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10, Charitable activities- Grarrt FundiTr3 2025 2024 Grants to institut'ons.. 82 grants of £10.000 and above12024'. 55) 105 grants of £5.00(k£9.999.9912024'. 79) 118 grants of £1.00(k£4.999.9912024.1231 12 grants of £Ck£999.9912024.' 191 1.243.896 664.817 336.149 4,283 666.940 507.541 300,278 10,231 2,249,145 1,484,990 Grants to Individuals 128 grants of £1,00(k£4,999.9912024. 2431 137 grants of £Ck£999.9912024. 340) 192.912 65.900 383,504 153,024 258,812 536,528 2,507,957 2,021,518 The totsl grants paid lo ins1wiub.ons of £10,￿0 and above during Ihe year was as follows." 2025 Southcourt Baptist Church131 Connection Support Bud<inghamshire Mind121 Age UK Bud(inghamshire (21 Vale of A￿esbUry Vineyard121 Chillerns Neuro Centre121 combe Homeless Connec1ion121 Youtr Concem121 NestA￿esburyVa1el2I Pace Centre121 Good Food Oxfordshire Ltd Action 4 Youth121 Dash Charity121 One Can Trust Workaid Caudwell Youth121 Countryside Learning The Duke of Edinburgh's Award Hearing Dogs for Deaf People Keech Hospice Care N umber 22 Community Counselling Services Princes Risborough Centre Ltd Riverway Church Intemational 60.000 51.880 42.484 35,000 35,000 35,000 32.500 30.925 30.000 30,000 27.000 26.485 25.000 25.000 24.850 24,124 20.000 20.000 20.000 20.000 20.000 20,000 20.000 Page 36

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Scannappeal South Bucks Hospice Thames Valley Adventure Playground CIO12) Wheolpower The Woodland Trust Wycombe Womens Aid Ltd Chillem Open Air Museum Intergeneratonal Mu&c ma￿ng Kanma Foundats"on 20,000 20,000 20.000 20.000 20,000 20,000 15,000 15.000 15.000 14.985 14,790 14,700 14,682 14.568 13,075 12,888 12,753 12.610 12.500 12.001 11,500 11,400 10,605 10.591 10.000 10,000 10,000 10,000 10.000 10.000 10.000 10,000 10,000 10,000 10.000 10.000 10,000 10,000 10,000 10.000 10,000 10.000 10,000 10,000 10.000 Wycombe Wanderers Foundali( Global Feedback Ltd. I'Feedbad('I Safety Centre Community Youth Ventures C.l.C Oasis Partnership Daytop Multscullural Centre CIC Sport in Mind Miindfvl Ballers CIC Invisible Folk Betkshire Community FcAJndation Missenden Walled Garden CIO Horizon Sports Club Talkback UK-Ltd ombe Swan Theatre- Trafalgar Entertainment Trust Bud(s Disability Setvices 14tr Vale ofA￿eSbUry Sea Scouts Action Cerebral Palsy A￿esbUry Homeless Action Grc4JP Autism Earfy Support Trust Limited Chesham Town Counal Chiltem Music Therapy Holmer Green Sports Associab"on London Youth - Woodrow High House Maggie's MORE HORIZONS Rennie Grove Peace Hospice Ca SAASSBMK Shabbington Village CC￿munity Trust Soaal Link Soutr Bucks Counselling The Sussex Snowdrw Trust Swaziland Schools Projects HopeAfter Harm Thomley Hall Vathe Baroque Waddesdon Hall Page 37

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Auditorfs remuneration 2025 2024 Fees payable to the auditors.. Audit of the annual accounts 14.430 13.230 12. Trustees None of the tnjstees lor any persons connected wilh them) received any remuneration or benefits fr￿7 the charity during the year.12024' £01. £65 of expenses were reimbursed to1rustees in the year.12024'. £01 Page 38

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Employees Number of employees The average number of persons employed by1he Foundab'cfft during Ihe year was.. 2025 2024 Direct charitable Administratve Management 16 15 Employment costs 2025 2024 Wages and salaries Social Security costs Pension costs 443,625 34.820 19.486 392,691 24,182 10.564 497.931 427,437 The Foundation has eight full-time employees at year end, the remaining staff are part time. Key Managemenl Persc￿ne1 Icompnsng 5 employees) remunerabon in Ihe year totalled £179,801 12024 for 4 employees: £150.4101 There was one employee whose remuneration was be￿een £70,000 and £80,000. No other employees eamed in excess of £60,000.12024".11 The value of company pension contribub.ons to money wrchase schemes for empbyees whose emoluments exceed £60,000 was £1,761 (2024.. £1.761) One employee ret.red and was awarded an ex-gratia payment and addrtional contributrrtion to their Fension in recognition of their long service_ 14. Net gains I losses on investments Unrestrl Rastrlcte Endovdn cted d funds ent funds Funds 2025 2025 Total Unrestricted funds Restricted Funds Endowment Funds Tclal 2025 2025 2024 2024 2024 2024 Revalualic of investments 113,502) 1272,664) 1286,1661 92,278 (85,9481 734,121 740,451 Page 39

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BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Tangible Fixed Assets- Consolidated Fixtures and ftttings Computers Total Cost At 1 April 2024 Additions 57,578 s,g95 92,579 6,298 At 31 March 3J25 25.5 63,573 89,169 Depreciation and impairment At 1 April 2024 Depreciation charged in the year 51,516 3,717 83,716 4,984 At 31 March 3J25 23.759 55,233 78,992 Carryiry amount At 31 March 3J24 2.801 6,062 8,863 At 31 March 3J25 1.837 8,340 10,177 Tangible Fixed Assets- Charity F￿tureS and frtb'ngs Computers Total Cost At 1 April 2024 Additions 21,3￿) 57,578 5,995 78,908 At 31 March 3)25 21.633 63,573 85,206 DepreCiat￿n and impairment At 1 April 2024 DepreciatK)n charged in the year 18.528 1.267 51,517 3,717 70,045 4,984 At 31 March 2025 19,795 55,234 75,029 Carrying amount At 31 March 2024 6,061 8,863 At 31 March 2025 1,838 8,339 10,177 Page 42

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Fixed assel investmenls Otherfixed Listed asset inv&slrnants invastmènls Total Cost or valuation At 1 April 2024 Additions ValualJ"on changes E4"sposals 11,193.699 384.986 (286,1661 (222.252 912,500 12.106,199 384,986 1286,1661 1222,2521 At 31 March 2025 11.070.267 912.500 11.982,767 Carrying amount A131 March 2024 11.193.699 912.500 12.106.199 At 31 March 2025 11.070.267 912.500 11.982.767 sted investments There are no investments outside1he UK. Listed investments represent amounts in profesSic￿alty managed COMM￿ Investrnent Funds. The following investrnents represent more than 5O/ty ofthe portf￿10. Sarasin & Parhers Glcoal Balanced Alpha Common Investsnent Fund for Endowment Ilncome Units).. £4,505,37912024.'£4,321,835) CCLA COIF Chanb'es Investrnent Fund.. £6,564,888 12024.. £6,871,865) The historical cost of listed ffixed asset investrments at 31 March 2025 was £8,220,80812024'. £8,058,074) other fixed asset investrnents relate to a five seat box at the Royal Albert Hall which was a legacy donat'on lo Heart of Bu(*s Investrment in subgdiary At 31 March 2024 the individual Charity induded the assets as above, plus the £1 share in Buckinghamshire Community Foundation (Kop Hill Climb) Limited which was a 1000h subsidiary of Buckinghamshire Community Foundab"on. The registered Offi￿ was New Road. Weslon Turville. A￿eSbury, HP22 5QT. The company number is 09495670. On 7 Febnjary 2024 the subsidiary was gA)Id for £1. The financial perf0mlan￿ of1he subsidiary until 7 Febnjary 2024 is shown in note 4. Page 43

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Debtors - Group 2025 2024 Jnounls falling due within one year. other debtor5 11,000 217,091 13,333 208,061 Prepayments and accTued income 228,091 221,394 2025 2024 Jnounls falling due after morelhan one year: other debtors 25,950 15,950 22,181 Accrued Income 25.950 38,131 Total deblors 254,041 259,525 Debtors - Charity 2025 2024 Jnounls falling due within one year. other debtors 11,000 217,091 13,333 208,061 Prepayments and accrued income 228.091 221,394 2025 2024 ounls falling due after moreihan one year: other debtor5 Accrued Income 25,950 15,950 22,181 25,950 38,131 Total deblors 254.041 259,525 Debtors are recognised at Ihe settlement amc4Jnt due less any provision for doubfful debts. Prepayments are valued at the amount prepaid. calculated on a M￿th by mon1h bass. Page 44

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. Credttors- amounts falling due within one year- Group 2025 2024 Bank overdrafts Other taxabon and social security Trade creditors other creditors Accnjals and deferred income 14,268 15,305 27.991 14,535 9,833 5,732 53.720 14,187 72.100 83,472 Creditors= amounts falling due within oneyear-charty 2025 2024 Bank overdrafts Other taxaton and social security Trade creditors 14,268 15,305 27.991 14.535 9,833 5,732 53,720 14,187 Other creditors Acctuals and defetTed income 72.100 83.472 Creditors and provisons are reccgnised where the gr(￿P has a present ￿lIgatiOn resulting from a past event that will probably result in Ihe transfer of funds to a third party and Ihe amount due lo settle the obligation can be measured or eslimated reliably. Creditors and provisi￿$ are n￿nallY ￿COgniSed al 1heir settlement amount. Page 45

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Deferred income Deferred income is induded in the financial statements as follows.. Deferred income included within Creditors- Group 2025 2024 Opening balance Deferred in the year Released in Ihe year 1,425 11,4251 Closng balance as at 31 March 2025 There was no defetTed income within Ihe charity. Page 46

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BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 26. Restricted and Endowment Funds Arts Fund A Flow-through and an Endowment Fund in agreement with a single thnorto support projects relating to Art and Cufcure across Buckinghamshire. A-F Fund A Flow-through and Endowment Fund for donor advised grant gNing with priorities around heritage and young Feople Bahlsen Community Fund A Flow-through Fund fordonor advised communty food projects. BCF {KHC) Llmlted A Flow-through Fund to supwrt general charttable needs, especially in the Princes Risborough area. Beacon EVT Bursary Fund A Flow-through Fund to provide fina[￿la1 suptx)rt to young people in Buckinghamshire, specrfically the town of Beaconsfield Blg Heatlsurrflvlng Wlnter Fund A Flow- through Fund for groups supporting I￿pIe struggling wrth fuel poverty. BP Collins A Flow-through Fund to supwrt Iccal communty groupslcharrties within Bucks. Brhlsh Red Cross Fund A Flow-through Fund supwrting communty warm spaces and food projects. Buckinghamshire Capacty Fund A Flow-through fund to a￿ard one large partnership grant for a wellbeing programme. Bucklnghamshlre Funders Admlnlstratlon Fund A Flow-through fund held to supp)rtthe costs of a partnership of publK and char￿able funding organisations in Buckinghamshire. Bucks Army Reserve and Cadets. Fund A Flow-through and an Endowment Fund to supportex-servicemen a￿1 their families. Bu¢k$ Blg So¢lety Bank A Flow-through Fund forthe provision of loans to communty groups. Bucks Bulldlng Soclety A Flow-through and an Endowment Fund for general char[tal￿e needs, as agreed wtih B￿kS Building Society. Bucks Building Society- Community Fund A Flow-through Fund to piovide annual financial support to the local communtty in Buckinghamshire. Page 54

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Bucks Councll Employee Hardshlp Fund A Flow-through fund to supFx)rt indwiduals in crisis as idents'fied by the donor. Bucks Data Exchange Fund A grant to support the costs of an employee at Buckinghamshire Communty Foundation to manage the Bucks Dats Exchange Bucks Masonlc Fund Donor Advlsed A Flow-through funded bythe Bucks Masonic Endowment Fund for general charitable needs with recipients decided by the donor. Bucks Masonic Fund Grants Panel A Flow-through funded by the Bucks Masonic Endowment Fund for general charttable needs with recipients (Jecide(J by grants panel. Bucks Playing Field Association Legacy Fund A Flow-through and Endowment Fund created as the resu￿ of a domianttrusttransferto support recreation facilit'es CH Fund A Flow-through and an Endowment Fund to support general charitable needs, e5￿CiallY youth and sporL Communty Investors A Flow-through and Endowment Fund to faciltste gNing lry bcal business in order to suptx)rt general charitsb￿ needs and the deveknpment and grovrth of the Communty Foundation Communty Safety Fund A Flow-through Fund to SUPFX)rt porjects addressing the commuinty safety priorities of donor. Crisis Fund A Flow-through fund to suptJ)rt indNKluals in crisis. CU Fund A Flow-through and an Endowment Fund to support local communty groupslcharib.es wrthin Bucks. David Laing Memorial Fund A Flow-through and an Endowment Fund to support general charttable needs. DB Fund A Flow-through and an Endowment Fund to support charrties, communty groups or organisations within Bucks. De Soutter Medlcal Fund A Flow-through Fund to suptJ)rt projects related to disabilty. EdUCa￿n and Training health and social weffare ESRI UK A Flow-through Fund to SUPFXJrtgeneral charrtable needs in ts Aylesbury area. Flood Recovery A Flow-through Fund to help groups and individuals affected by floods. Page 55

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Gllllan Klng Fund A Flow-through and an Endowment Fund to supportgeneral charttable needs as agreed with the donors. Green Community Fund A Flow-through Fund to supwrtenvironmental proFcts. Green Schools Fund A Flow-through Fund to suppx)rt schwl councils or similar student tx)dies with environmentsl improvement schemes. GU Fund A Flow-through and an Endowment Fund to supportgeneral charitaNe needs, esFkcially health and environment Hartmann Fund A Flow-through fund to SUPkX)rt general charttable needs wtth the recipients chosen by the donor. Health and Well-Being Themalic Fund A Flow-through and Endowment Fund enaljing muf(iple donors to supprt projects relating to heatth and Well￿1ng across BuckiNJhamshire. Health Equlty Fund A Flow-through Fund focussed on reducing health inequalrties that impact on the lrfe eX1￿ctancY and quality of life for some people from ethnic minority communities across Buckinghamshire Healthy Ageing Fund A Flow-through Fund to suppKJrt communrty-based projects which improve social connectedness for older adults Helplng Hand Fund A Flow-through Fund to supwrt indNKluals in Buckinghamshire who are experiencing financial insecurity or hardship Helplng Hand Fund for Afghanlstan A Flow-through Fund to coordinate the collection of donations from across Buckinghamshire to supwrt newly arrNed refugees from Afghanistan Helplng Hand - Ukralnlans In Bucks A Flow-through Fund to coordinate the collection of donations from across Buckinghamshire to supp)rt newly arrNed refugees from Ukraine High March Ball Fund A Flow-through Fund for distribution by donor a(fvised grants. Hlgh Sherlff Fund A Flow-through fund to supwrtdonor instructed communty projects. John Bedford Charlty Fund A Flow-through and Endowment Fund to supportolder people INing in Aylesbury who are experiencing hardship Page 56

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Klds In Sport Fund A Flow-through and an Endowment Fund to support community group3 providing sports opportuntties to young ￿ople in Buckinghamshire. Klng Culllmore Legacy Fund A Flow-through Fund to supwrt chartties and non-profit organisations, to further the Char￿able objectives of the KIn￿cul11rnore Charrtable Trust Kop Hill Climb Grants Fund A Flow-through Fund to gNe away money raised atthe Kop Hill Climb event Lleutenancy Fund A Flow-through and Endowment Fund for (Jistribub"on by donor a(fvised grants. Love Bucks A Flow-through Fund to supwrt general charttable projects throughout Buckinghamshire. McGilvray Fund A Flow-through Fund forgroups focussing on cohesNe and supportNe families and home environments, nutrfcion and healthy food, conservation and the outdoors, general heatth and wellbeing, education, LGBTQ+ and emptyment and skills Mulberry Fund A Flow-through and an Endowment Fund to support general charitable needs as agreed with the donors. Natlonal Lottery Communlty Fund - Pollcy& Inslgm A grant to support the costs of a full time employee at Buckinghamshire Communrty Foundation to provide Folicy and insights to the local chariiable sector. Newsquest Cash for Charltles Fund A Donor Advised Flow-through Fund to distribute funding to organisations across the UK, as directed by the donor. Nlc Wllloughby Fund A Flow-through Fund to SUPPXJrtgrassroots srx)rts projects in Buckinghamshire. Olney British School Fund A Flow-through and an Endowment Fund to provide further eduCa￿nal assistance supwrtto young people Iwing in Olney. OS Fund A Flow-through and an Endowment Fund to support general charttable needs. Rebel Restoratlon Fund A Flow-through Fund to SUPFXJrt environmentsl charitsble work across UK, especially in areas of carbon reduction and habrtat renewal. Rectory Foundatlon A Flow-through Fund to supwrt general charttable needs as agreed wtth the donors. Rothschlld A restricted fund to provide specrfic deveknpment roles for B￿kInghamshire Communty Foundation Page 57

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 RSET A Flow-through and Endowment Fund to support organiSa￿nS working wtth young people in Buckinghamshire. Savoy Educatlonal Trust Fund -young Futures A Flow-through Fund to provide bursaries for training, skills. education. or other professional development for young people in the local community working in the hosprtalrty industy Saving Lives Fund A Flow-through Fund to SUPFQrt projects which focus on preventing male suicide. SH Donor Advlsed Fund A Flow-through Fund to supwrt organisations as directed by the donor SH Sports Fund A Flow-through and an Endowment Fund to suwortgeneral charitable needs, es￿elalIY sFy)rts projects. Slngle Donatlons A Flow-through Fund to manage one off dorrations which do ￿t relate to any otherfunts, to be awarded in specrfic gra nts. Slough Social Fund A Flow-through and an Endowment Fund to supportgeneral charitable nee(Is in the South Bucks area. South Bucks Assoclatlon for the Dlsabled Fund A Flow-through and Endowment Fund to support people INing with a dtsabilty a￿1 their families. Splash Fund Flow-through Fund to suptxjrt Education, Health and Wellbeing. Isolation and Disadvantage. stoke Park Communlty Fund A Flow-through Fund priorftising young ￿Ople in South Buckinghamshire. Succeed Bursary Fund A Flow-through Fund to provide a bursary programme to assist youro individuals pursuiro apprenticeships, vocational courses or higher educab'on SWEF CIC Fund A Flow-through Fund to provide financial SUp￿rt to young entrepreneurs in Buckingharnshire The Clancy Group Fund A Flow-through Fund to provide financial supp)rt to the local community in Buckinghamshire, and other areas in the U K The MPC Fund A Flow-through Fund to provide financial SUPFOrt to the local community in Buckinghamshire The T&S Wllllams Fund A Flow-through Fund to supwrt ge￿ra1 charitsble needs in Buckinghamshite Page 58

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Thematlc Fund - Arts & Culture A Flow-through Fund enabling multiple donors to suM)ort projects relating to arts and culture across Buckinghamshire. Thematic Fund - Education & Skills A Flow-through Fund enabling multiple donors to support projects relating to edUCa￿n and skills across Buckinghamshire. Thematlc Fund - Poverty & Isolatlon A Flow-through Fund enabling murtiple donors to SUFPOrt projects relating to poverty and isolation across Buckinghamshire. Thematic Fund- Safe & Cohesive Communities A Flow-through Fund enabling multiple donors to support projects relating to safe and cohesNe communities across Buckinghamshire_ Together Agalnst Poverty Fund A Flow-through fund to provide essential funding to help households experiencing severe hardship and distress Veolla Water Te¢hnologles Fund A Flow-through Fund to award donor-acfvise(J grants to water related communrty projects. Voluntary Sector Reslllence Fund A Flow-through fund to SUPF()rt charttable organisations managing fi'nancial difficulties as a resur( of increased costs. Walter Hazell A Flow-through and Endowment Fund to improve eduCa￿n, lrfe skills and employability, reduce isolation & disa(fvantage and focus on povety, physical and mentsl health, wellbeing and safety. Wlndhlll Fund A Flow-through and an Endowment Fund to support charrtable projects in Princes Rist￿roUgh, Monks Risborough and health projects countywide. Wyke Fund A Flow-through and Endowment Fund transferred from a dormantfund to supwrt isolation and disathantage, communty sports, health and wellbeing. Young Futures Admln Fund A restricted fu￿1 to provide funding for the admini8tration of the Young Futures Fund Young Futures Grants Fund A Flow-through Fund to supkx)rt young individuals across Buckinghamshire Young People's Wellbeing Fund A Flow-through Fund to supwrt people under 18 to improve their mental health. Page 59

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 27. Financial commltments. guarantees and contingent Ilabllltles G)ntlngent Llabllltles The Bud(s Big Society Bank Fund provides loan ff nan￿ to registered and unregistered charTtres, social enlerprises and other bodies through Buckinghamthire Community Foundation. The balan￿ of the Bucks Big Society Bank Fund at the year end is £203.63312024."£203.633I- Of this amount. £150,000 represents funding that was originally re￿iVed from Bud(s County Counal Inow rePla￿d by Buck'nghamshire Council). Although Ihis was treated as inccffne at the t'me of receipt. the fad that it is covered by a Loan Agreement wilh Buc*inghamshire Council means Ihal it could potenb.ally be repayable to Ihem on 22nd April 2031_ It is1herefore a COnting￿t liability- Grant Maklng Commltments At 31 Marth 2025 las in 2024) all grants offered but not yet paid had been accrued (see note 181. 28. Pension Commitment The charity operates a defined contiibution pension SLheme. The pension costs charged to the income statement represent cOntributi￿S payable by the chanty to the fund in the year and amounted lo £19,133 {2024'. £10,564). 29. Operatin8 lease commitments At the reporting end date the tharity had ￿tStandIng commitrments for fvture minimum lease payments under nOn-Can￿lIable operab.ng leases, whith fall due as follows" 2025 2024 wrthin oneyear Be￿een and five years 13.800 6,900 13,800 20,700 20.700 34,500 During the year £13.8(MJ was paid as oyerath.ng lffdse costs in Ihe yeai12024". £13,800) 30. Related party transactions During the year the Charity entered into the folluwing transactions wilh related parties.. The trjstees made unconditional donatic￿S of £10,71512024.' £4401 and res1n.cted donations of £10,500 (2024.. £0) tothe Charity The subsdiary. Buckn"nghamthire Communty Foundatic￿ (K￿ Hill Climb) Limiled donaled £105,111 in 2024. In 2025 it was no longer a related party hawng separated completely from Bud(inghamshire Community Foundati￿. One of the Trustees, L Wood, is a pather in BP Collins. thJring1he year BP Collins donated £15,814 {2024'. £10,440). During the year, additional d￿ationS wi1hout c￿dI1￿S, were received from related parties lolalling £30 {2024.' £25,175) Page 60

BUCKINGHAMSHIRE COMMUNITY FOUNDATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 31. Parent charity surplus As permitted by section 408 of the Companies Act 2006. the slatement of financial actNlties of the parent charity is not presented as part of these financial statements. The parent charitys net movement in funds for the year an increase of £870,853 (2024". increase of £1,445,297). 32. Cash generated from operations 2025 2024 Surplus for the year 870,853 1,786,034 Investment income recognised in statement of f inancial actvities Fair value gains and losses on investments Depreciation and impairment of tangible f￿ed assets Loss on disposal of Kop Hill Climb Ltd (505,476) 286,166 4,984 (387,818) (826,399) 5,342 7,856 Movements in ￿)r￿n9 capital Decreasel (increase) in debtors (Decrease)l increase in credf(ors 5,483 (11,373) (22,364) (4,083) 650,637 558,568 33. Analysis of changes in net funds The charty had no debt during the year 34. Events afterthe Reporting Period In June 2025 Heart of Bucks set up a trading subsidiary called Capstone Circle Ltd, ￿lch is expected to begin trading in the year to 31 st March 2026. Capstone Circle Ltd wll initially provide ServI￿S to other grant gNing Organisatic￿S, including but not limited to grant assessments, due diligence on applications and end of grant monitoring. Its profits wll be remtted to Heart of Bucks to fund rts charitable objectives. Page 61