Charity number 1081124
THE TUIXEN FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

THE TUIXEN FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
CONTENTS
Page
Reference and admlnlstration detalls
Trustees, report
Auifitor's report
Statement of Flnanclal Artlvlties
Cash flow statement
Balance sheet
io
Notes to the accounts
11-16

THE TUIXEN FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2024
LEGAL AND ADMINisfRATIVE INFORMATION
Trustees
P Clements
P D Englander- died 31 May 2023
S J Englander
T G Englander
W D Englander
LA Kroll
S M Rosefield
Charlty Reglstration Number
1081124
Prlnclpal Address
clo Coutts & Co.
440 Strand
London EC4R IAG
Webslte
'ww.tuixen.or
Audltors
Begbies Chartered Accountants
Unit 14, Park Barn, Evegate Business Park, Smeeth, Ashford TN25 6SX
Solicitors
Bryan Cave Leighton Paisner LLP
Adelaide House, London Bridge, London EC4R 9HA
Investment Athilsors and Bankers
Coutts & Co.
440 Strand
London EC4R IAG

THE TUIXEN FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report and audited financial statements for the year ended 5 April 2024.
These have been prepared under the provisions of the Statement of Recommended Trracti¢e {"50RW')
"Accounting and Reporting by Charities" effective from January 2019. The financial statements comply
with all other statutory requirements and the requirements of the Chariws governing document
Objertlves and activltles for the public benefit
The Charity was created by a deed dated 5 April 2000.
The objective of the Charity is to apply, at the Trustees, discretion, the capital and income to such
charitable purposes, charitsble institutions or foundations as the Trustees shall select.
The Charity is a grant making charity which derives the bulk of its income from investments.
Grant making policy
It is the Trustees, normal policy not to make grants to individuals but to make grants to registered
charities, or to hospitals and schools and similar charitable institutions.
Investment policy
The Charitys investment policy is primarily to maintain a balan￿ of income and Capital growth. The
Trustees are pleased with this yearfs investment performance given the challenging economic
environment. The investments are positioned for longer term growth and therefore volatility is accepted in
the short term.
The Trustees have complied with their duty in Section 17{5) of the 2011 Charities Act to have due regard to
public beneTit guidance pubTished by the Charity Commiss￿n.
5tructure• governance and management
The Charity is administered by the Trustees. A Trustee may be appointed or discharged by a resolution of a
meeting of Trustees. A skills audit of the Trustee board is discussed annually. Trustees are recruited as
required. Induction training is given to all new trustees.
The Trustees meet 34 times a year to consider reports from their investment advisers and proposals for
distributions to benef iciaries.
The Trustees are considered to be the key management personnel of the Charity and are not remunerated
for their role.
Achievements and performance
The Trustees consider the Charity has continued to achieve its objectives and has maintained a consistent
level of donations as repjrted above. The Trustees are satisfiedwith the performance of the Charity.

THE TUIXEN FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Financlal revlew
The statement of financial activities shows a net increase in funds of £7,532,543 12023: decrease of
£5,078,522) after grants paid. The balance sheet shows an increase in the funds available to £68,523,493
12023: £60,990,950). The increase in fund5 is primarily the result of unrealised and realised gains of
£7,966,037 on the Charity's investments.
Reserves policy
The Trustees are satisfied that the current level of unrestricted funds is more than sufficient to meet day to
day needs and likely commitments. The Trustees consider that its investments are held for the longer term
in order to provide income from which grants will be awarded.
Fundraislng
The Charity has not made any fundraising appeals to the general public during the year and is unlikely to
do so in the future. There has been no outsourced fundraising via professional fundraisers or other third
parties and as a result the Charity is not registered w4th the fundraising regulator and_received no.
fundraising complaints in the year.
Plans for future periods
The Trustees intend the Charity to continue to pursue its charitsble objects, continue its investment
strategy and distribute in￿rne generated in the-form of grants to charities.
Statement of trustee< responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Ac￿pted.
Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements
for each financial year which give a true and fair view of the state of affairs of the Charity and of the
incoming resources and application of resources of the charity for that period. In preparing these financial
statements, the Trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and estimates that are reasonable and prudent;
state whether applicable accountrng standards have been followed Subject to any material.
departures disclosed and explained in the financial statements;
prepare the financial statements on a going concern basis unless it is inappropriate to assume
that the charity will continue in business

THE TUIXEN FOUNDATION
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position OT the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011. The Charity (Accounts and Reports) Regulations and the
provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of Information to audltors
Each of the persons who is a trustee at the date of approval of this report confirms that:
in so far as each Trustee is aware, there is no relevant audit information of which the Cha rity's
auditor is unaware" and
each Trustee has taken all steps that they ought to have taken -a>a trusÈee to make themsel¥es
aware of any relevant audit information and to establish that the Charitws auditor is aware of
that information.
srep
was approved by the Trustees on
ovt 2024 and signed on their behalf:
Pau
Trustee
ments

INDEPENDEwf AUDITOWS REpoKfTO THETRusfEES OF
THE TUIXEN FOUNDATION
Opinlon
We have audited the financial statements of The TuixeriFoundation for the year ended5 April-2024 which
comprise the Statement of Financial Activitie5, the Balance Sheet, the Statement of Cash Flows and the
related notes, including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
Including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and
Repubjloof Ireland.(United Kingdom Generally Accepted.Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the chariws affairs as at 5 April 2024 and of the charitvs net
movement in funds for the yearthen ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinlon
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in ac¢ordan¢e
with the Act and relevant regulations made or having effect thereunder. We condurted our audit in
accordance with International Standards on Auditing {UKI (ISAS (UK)) and applicable law. Our
responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Concluslons relatlng to goln8 concern
In auditing the financial statements, we have concluded that the trusteeg use of the going con￿rn basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material Un￿rtaIntieS relating to
events or conditions that, individually or collectively, may cast significant doubt on the chartty's ability to
continue as a going concern for a period of at least twelve months frorn when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in
the relevant sections of this report.
Other Informatlon
The trustees are responsible for the other information. The other information comprises the information
included in the Trustees, Report. Our opinion on the financial statements does not cover the other
information and, except to the extent otherwise explicitly stated in our report, we do not express any form
of assuran￿ conclusion thereon.

INDEPENDETrrr AUDITOWS REPORTTO THETRusfEES OF
THE TUIXEN FOUNDATION
In connection with our audit of the financial statements, our responsibility IS to read the other information
and, in doing so, consider whether the other inTormation is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there is a material misstatement in the financial statements or a material misstatement of the
other information. If. based on the work we have performed, we conclude that there is a material
misstatement of this other Informatio￿ we are required to report that fact. We have nothing to rewrt in
this regard.
Matters on whlch we are requlred to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts
and Reports) Regulations 2008 require us to report to you if, in our opinion:
adequate accounting records have not been kept by the charity. or
sufficient accounting records have not been kept; or
the charity financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require forouraudit.
Responsibilitles of trustees for the financlal ststements
As explained more fully in the trustees, responsibilities statement set out on page 3, the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true and
fair view, and for such internal control as the trustees detennine is necessary to enable the p￿paratIOn 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 CharIt￿S abllity to
Continue as a going concern, disclosing, as applicable, matters related to going concern and using the golng
concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Audltorfs responslbllities for the audlt of the financial statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assuran￿, but is not a guarantee that an
audit conducted in accordance with ISAS (UK} will always detect a material misstatement when it exist5.
TrKisstatements can arise Trom fraud or error and are considered matenal if, Individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basi5 of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responSi￿.11t1es, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,
Including fraud is detailed below:
Based on our understanding of the charity and the environment in which it operates, we identified that the
principal risks of non-compliance with laws and regulations related to charity law, and we considered the
extent to which non-compliance might-have a material eTfect on the financial statements. We also
considered those laws and regulations that have a direct impact on the preparation of the financial
statements such as Charities Act 2011 and the Charities SORP.

INDEpENDE￿r AUDrrows REPORTTO THETRusfEES OF
THE TUIXEN FOUNDATION
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial
statements (including the risk of override OT controls), and determined that the principal risks were related
to posting inappropriate journals entries and management bias in certain accounting estimate5 and
judgements such as valuation of the unlisted investments. Audit procedures performed by the engagement
team included:
Inspecting correspondence with regulators and tax authorities;
Discussions with management including consideration of known or suspected instances of non-
compliance with laws and regulation and fraud:
Evaluating management's controls designed to prevent and detect irregularities;
Identifying and testing journals, in particular journal entries posted with unusual account
combinations, postings by unusual users or with unusual descriptions; and
Challenging assumptions and judgemerts made by nTranagement in their critical accounting
estimates including valuation of the unlisted investments.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance 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.
instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather
than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is |¢xated on the
F.inancial Reporting Council's_website at:.www.fr¢.org.uk/auditorsresponsibilities. This description forms
part of our auditor's report.
Use of our report
This report is made solely to the charivs trustees, as a body, in accordance with section 144 of the
Charlties Act 2011 and regulations made under section 154 of that Act. Our audit work has been
undertaken so that we might state to the charity's trustees those matters we are required to state to them
In an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the charivs trustees as a body for our audit work, for this
report, or for the opinions we have formed.
Begbles Chartered Accountants
Statutory Auditors
Unit 14
Park Barn
Evegate Business Park
Srneeth, Ashford
TN25 6SX
3 Ji2/202
Begbies is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

THE TUIXEN FOUNDATION
sTATEmETr￿ OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 5 APRIL 2024
Expendable
ndowment
Fund
Expendable
Total "Endowment
2024
Fund
-General
Fund
General
Fund
Totsl
2023
Notes
Income from:
Investment5
1,163,283
1.163,283
926,038
926,038
Total income
1,163,283
1,163,283
926,038
926,038
Expendlture on:
Raislng funds
investment management fees
282,930
282,930
278,874
278,874
Charitable actlvltles
- grants payable
support & governance costs
Total expenditure
3&5
3&6
1.243.000
70,847
1,243,000
70.847
1.296,000
78,736
1,296,000
78,736
282.930 1313047
1.596.777
278,874 1,374,736
1.653,610
Net expendlture beft>re 8ains and losses on
investment assets
1282.930) 1150.564) (433A94)
{278,874) (448,6981 1727,572)
Net galnsl(losses) on investment asset$
.Net Ihcomel(expenditure)
7,966.037
7.966,037
(4,350.950)
{4.350.9501
(4,629,824) 1448,698) 15,078,522)
7,683.107 1150,564) 7532.543
Transfers
Transfers between funds
(149,503) 149,503
11.061) 7,532,543
{448.6981
448,698
Net movement In funds
7,533,604
15.078.5221
{5,078,5221
Reconciliatlon of Funds
Total Funds at 6 Aprll 2023
60,989,889
I￿61 60,99),950 66,068,411
1.061 66,069,472
Total Funds at 5 Aprll 2024
68,523,493
68,523,493 60.989,889
1,061 60.990,950
All amounts relate to contlnuing activities
The Notes to the Accounts form part of the Financlal Statements

THETUIXEN FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 5 APRIL 2024
2024
2023
Cash flows from operatlng activltles
(1￿63.590) {1,684,941)
Cash flows from Investing activlties
Dividends and interestfrom investments
Purchase of investments
Loan repayment
Proceeds from the sale of investments
1.163.283
926,038
(22.762.518) {34,420,680}
25,000
25,001.026
33,536,799
Net cash generated from investln8 attlvltles
3A26.791
42,157
Change in cash and cash equivalents in the year
1,863201
{1,642,7841
Cash and cash equivalents atthe beginning of the year
Cash and cash equivalents at the end of the year
1.111.951
2,754,735
2.975,152
1,111,951
NOTES TO THE STATEMENf OF CASH FLOWS
Reconclliation of net Income to net cash flow from operathig actlvltles
Net income/{expendlture) for the year
Net {galnsl/loss on investments
Impairments
{Increasel/Decrease in debtors
Increase/(Decreasel in creditors
Dividends and interest
7.532.543
17,966,037)
15,078,522)
4,300,950
50,000
26.675
{29,359)
6,512
11,972)
(1.163,283)
(926,038)
11,563,590) 11.684,941)
Net cash used In operating actlvities
Analysis of cash and cash and cash equivalents
Cash at bank
Cash held in investments
1296,960
1.678.192
445,627
666,324
Cash and cash equlvalents
2.975.152
1,111,951
Change In cash and (ash equivalents in the year
I￿63,201
11,642,784)

io
THE TUIXEN FOUNDATION
BALANCE SHEEr
AS AT 5 APRIL 2024
Notes
2024
2023
Fixed assets
Investments
Listed investments
Unlisted investments
Cash held in portfolio
64,724,046
902,465
1,678,192
67.304,703
59,065,980
858,002
666,324
60,590,306
Current assets
Cash at bank
Debtors
1.296,960
11,378
1,308,338
445,627
38,053
483,680
Creditors: amounts falling due within one year
io
(89,548)
183,036)
Net current assets
1,218,790
400,644
Net assets
68,523,493
60,990,950
Represented by:
Unrestricted Funds
Expendable Endowment Fund
General Fund
68,523,493
60,989,889
1,061
Total Funds
11&12
68.523,493
60,990,950
Ap
roved b
the Trustees on
2024
Paul Clements
Trustee
The Notes to the Accounts fomi part of the Financial Statements

li
THE TUIXEN FOUNDATION
NOTESTO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting pollcles
Basis ofprepamtlon and assessment of golng concern
The accounts have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in a¢¢ordan¢e
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective
l January 2019) - (Charities SORP FRS 102}, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102).
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the Felevant £ccounting policy notes.-The financial ststernents are Presented in.steding and
are rounded to the nearest pound.
The charity constitutes a public benefit entity as defsned by FRS 102.
The trustees consider that there are no material uncertainties about the charity's ability to continue
as a going concem.
Fund accounting
The Unrestricted General Fund is available for use at the discretion of the trustees in furtherance of
the general objectives of the charity.
The Expendable Endowment Fund represents the value of the charitws portfolio of investments, both
realised and unrealise(L
Income
Income from investments is included, together with the related tax credit, in the income and
expenditure account on the accruals basis.
Interest on funds held on deposit is included upon notification of the interest paid or payable by the
bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that settlement will be required and the
amount of the obligation can be measured reliablv.
All expenditure is accounted for on an accruals basis. All expenses, including support costs and
governance costs, are allocated or apportioned to the applicable expenditure headings in the
statement of financial activities.
Grants payable are payments made to third parties in the furtherance of the charitable objects of the
charity. In the case of an unconditional grant offer, this is accrued once the recipient has been
notified of the grant award. Grant awards that are subject to the recipient fulfilling performance
conditions are only accrued when the recipient has been notified of the grant and any remaining
unfulfilled condition attaching to that grant is outside of the control of the Trust.
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
The costs of raising funds comprise the investment rnanagers, fees and the cost of advice relating to
investment management.
Expenditure on charitable activities includes grants payable and 5UPPOrt and governance costs.

12
THE TUIXEN FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2024
Flnanclul Instruments
Financial assets such as cash and debtors are measured at the present value of the amounts
receivable, less an allowance for the expected level of doubtful receivables. Financial liabllities are
measured at the present value of the obligation
Flxed Osset Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction
value and subsequently measured at their market value as at the balance sheet date using the
closing quoted market price.
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in
which case they are measured at cost less any accumulated impairment losses. Changes in fair value
are recognised in the statement of financial activities.
All gains and losses are taken to the statement of financial activities a5 they arise. Realised gains and
losses on investments. are calculated as the.difference_between sales proceeds.and their openin
carrying value or their purchase value if acquired subsequent to the first day of the financial year.
Unrealised gains and losses are calculated as the difference between fair value at the year end and
their carrying value. Realised and unrealised investment gains and losses are combined in the
statement of financial activities.
Crltlcal estlmates and judgments
The Trustees considers that the valuation of social investments is a key estimate. The Trustees
consider the valuation and recoverability of its social investments annually and any impairment
required.
Investment Income
2024
2023
Interest received
Interest on cash deposits
Other interest
Sundry income
47,956
8,684
576
57.216
28,989
12,859
41,848
Quoted investment income
1,106.067
1,163,283
884,190
926,038
Expendlture on charitable activities
2024
2023
Grants payable (see note 5)
Support and governance costs (see note 6)
1,243.000
70,847
1,296,000
78,736
1,313,847
1,374,736

13
THETUIXEN FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED S APRIL 2024
Staff costs, Trustees remuneration and expenses
The charity has no employees.
During the year, no Trustee received any remuneration or benefits in kind {2023: £nil). No trustees
received reimbursement-of Expenses inihe year (2023: £nil)
Charltable grants payable
2024
2023
1625 Independent People
Access Project, The
Action Foundation
Ascension Eagles Cheerleaders
Bloomsbury Football Foundation
Bristol University
Bristol Hospitality Network
Camp & Trek
Chance UK
Company Three Theatre
Disasters Emergency Committee
Empire Fighting Chance
Fight for Peace International
Football Beyond Borders
Green Light Trust
Go Beyond Charity
Impetus-The Private Equity Foundation
Into University
Jewish Council foT Racial Equality '
Jewish Care
Kennedy Memorial Fund
Kids Inspire
Lea rn to Love to Read
Royal National Theatre
New Philanthropy Capital
Resurgo Trust
Richard House Hospice
Save The Elephants
Shannon Trust
Storybook Dads
Transforming Lives for Good (TLG) Ltd
The Tutor Trust
Winston's Wish
50,000
so,000
35,000
20,000
35,000
28,000
15,000
50,000
5(1,1￿0
35,000
20,000
7,500
23,000
15,000
10,000
40,000
40,000
70,000
40,000
60,000
50,000
10,000
40,000
iio,000
70,000
&,000
25,000
25,000
50,000
7,500
10,000
40,000
70,000
60,000
12,000
40,000
10,000
70,000
60,000
70,000
1,296,000
50,000
40,000
40.000
60,000
50,000
10,000
40,000
iio,000
70,000
25,000
25,lJOO
50.000
10,000
10,000
40,000
70,000
60,000
40,000
10.000
70,000
60.000
70,000
1,243,000

14
THE TUIXEN FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2024
Support and governance costs
2024
2023
Support costs
Administration and secretarial
Consultancy
Bank charges
56,334
1,000
5,113
63,227
3,000
2,859
Governance costs
Audit and accountancy
-.Begbles
Haysmacintyre LLP
,4LIO
7,800
1,850
9,650
8,400
Total
70,847
78,736
Quoted Investments
2024
2023
Market value
At 6 April 2023
Additions at cost
Disposals at Carrying value
Net gain on revaluation
At S April 2024
59,065.980
63,127,233
22,616,803
33,626,683
(22,668,DIJO) (36Tr,851)
5,709,263
11,615,085)
64,724,046
59,065,980
Hlstorical cost
52,632,785
52,513,626
Llsted Investments at fair value comprlsed:
2024
2023
Listed U K equities and unit trusts
Listed overseas equities and unit trusts
Listed bonds and high yield
Listed commodities
Cash product
Alternative investments / property / thematic funds
2,968.674
46,237,566
8,735,941
"2789,461
3,145,030
39,803,545
12,199,522
4n,263
602,550
2,843,070
59,065,980
3,992,404
64.724,046
Unllsted Investments
2024
2023
Carrying value
At 6 April 2023
Additions at cost
Loan repayment
Impairment of investments
Net loss on revaluation
At 5 Aprll 2024
858.002
145,715
(25.000)
263,818
793,997
150,OWI
(149,813>
858,002
(76,252)
902,465
Historical cost
1,305,412
1,153,357

15
THE TUIXEN FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2024
Unlisted investments at falr value comwlsed:
2024
2023
Social investments
Private equity
125,lJOO
777,465
902.465
150,OCrfJ
708,002
858,002
The social investments held at year end relate to amounts provided to charitable organisations,
Bristol Together and Thera Trust, to further their charitable objectives in line with the Foundation's
own objects. These investments generate interest at a rate of 5°A and 7.25 (was 5.5%) respectively
per annum and are recognised at cost less any accumulated impairment.
The private equity investments held at the year end relate to investments with Ananda Impact
Futures and Bridges Evergreen. These investments are re¢ognized at cost less any accumulated
impairment.
Debtors
2024
2023
Accrued interest
Prepayments
9,378
2,000
11,378
36,116
1,937
38,053
io
Credltors: amounts falling due wlthln one year
2024
2023
Accruals
89,548
89,548
83,036
83,036
li
Analysis of Net Assets Between Funds
Expendable
Endowment
Fund
eneral
Fund
Total
2024
Flxed assets investments
Cash at bank
Other current assets
67,304,703
1.296.960
8,170)
68.523.493
67,304,703
1,296,960
178,170)
68,523,493
At 5 Aprll 2024

16
THE TUIXEN FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2024
Expendable
Endowment
Fund
General
Fund
Total
2023
Fixed assets investments
Cash at bank
Other current assets
60,590,306
444,566
(44,983)
60,590,306
445,627
{44,983)
1,061"
At 5 April 2023
60,989,889
1,061
60,990,950
12
Financial instruments
2024
2023
Flnanclal assets
Financial assets measured at fair value through profit or loss
Financial asset5 measured at cost less impairment
Financial assets measured at amortised cost
64,724.046
902.465
2,986.530
59,065,980
858,002
1,150,004
68.613,041
61,073,986
Flnanclal Ilabllltles
Financial liabilities measured at amortised cost
89,548
83,036
Financial assets measured at fair value through profit or loss comprise listed investments, and other
investments whose fair value can otherwise be measured reliably. Financial assets measured at cost
less impairment comprise investments whose fair value cannot be measured reliably.
Financial assets measured at amortised cost comprise ¢ash and accrued income. Financial liabilities
measured at amortised costs comprise accruals
13
Related Party Transactlons
One of the Trustees, Peter Englander, was until his death, also a Trustee of the Kennedy Memorial
Fund. In 2024, The Tuixen Foundation paid grants of £25,000 (2023: £25,000) to the Kennedy
Memorial Trust. There were no other related parties in the year or in the prior year.
14
Commitments
In addition to the grants included in expenditure during the year, the Trustees have authorised
certain grants which are subject to the recipient fulfilling certain conditions. The total amount
authorised to the end of 2024 but not accrued as expenditure at the year-end was £1,664,00012023:
£1,871,000).
At the year-end the Trustees also had outstanding capital commitments of £595,194 (2023:
£781,612) in respect of capital subscriptions to the private equity investments.