Ennismore Foundation
Registered Charity number. 1082122
Unaudlted Flnan¢ial Statements
for the year ended
31st December 2024
Wenn Townsend
Chartered Accountants
Oxford

Ennismore Foundation
Legal and administration inf0M￿tIOn
Trustees:
W G Oldfield (Founding Trustee)
H Orange
E Parry
Principal address..
Kensington Cloisters
5 Kensington Church Street
London
W8 4LD
Bankers:
HSBC Bank plc
25 Notting Hill Gate
London
W113JJ
Accountants:
Wenn Townsend
Chartered Accountants
30 St Giles
Oxford
OX13LE
Investment managern..
Ennismore Fund Managemènt Limited
Kensington Cloisters
5 Kensington Church Street
London
W8 4LD

Ennismore Foundation
Report of the Trnstees
for the year ended 31st December 2024
Constitutron and objects for the Public Benefit
The Ennismore Foundation fthe Foundation.) is constttuted urKler a Tnjst deed dated 4th May 2000, as
amended on 14th November 2011. The Foundation was registered on 22nd August 2000 under Registered
Charity number 1082122.
The objects of the Foundation are that the Trustees shall hold the Trust fund and its income upon trust to apply
them for such charitable purposes as the Trustees in their absolute discretion from time to time think fit.
The Trustees confirm that they have had due regard to the Charity Commission's guidano on public benefit in
exercising their powers and duties.
Flnancial revlew and Achievements and Perft)rniance
During 2024, the Trustees aimed to further increase the capltal base of the Foundation through th8 Investment
of its reserves whilst making a number of grants to other chartties.
The funds of the Foundation decreased to £12,794,897 (2023= £13,711,070) at the year-end as a result of the
decrease in value of the investrnent porffolio and grants and donations made exceeding donations re¢eived.
During the year, the Foundation made total grants and donations of £606.750 (2022: £527,723).
Investment pollcy
The investment policy is reviewed annually by the Trustees.
The trustees are investing the Foundation's reseNes in a limited number of collective investment Schemes with
the objective of furth8r incr8asing the eXpendal￿e endowment funds.
Re80rv8$ policy
The Trustees wish to estsbltsh sufficient funds to enable the Foundation to generate income and investment
gains lo provide meaningful grants in the long tem. Maintaining an amount of at least £250,000 in bank accounts
and readily realisable investments is considèred adequate to cover the current plans and commitments.
Structurei govemance and management
The Trustees are appointed by the Founder Trustee, until the death of the last of the Founder Trustees.
Thereafter the power of appointing a new or additional trustee shall be vested in the Trustees. The Trust Deed
(as amended) provides for a minimum of two Trustees. one of which should be a Founder Trustee, until the
death of the last of the Founder Trustees.
At the semi-annual Trustees. meeting. the Twstees agree the broad strategy and areas of activity for the Trust,
including consideration of grant making. investment. reserves and risk management policies and performance.
The induction process for any newty-appointed Trustee comprises an initial meets'ng with the Founder Trustee.
The following subjects are dealt with.. investment policy, grant making process, powers and responsibilities of
the Trust8e Board. A Copy of the goveming Trust Deed is also given.
Principal Risks and Uncertalntles
The Foundation is dependent upon Ennismore Fund Management Limited fEnnismore') as the source of
donations received and, consequently, its future income is dependent upon the financial position of that
company and the willingness of the company to make further donations. The Foundalion's ￿serveS are invested
in shares in colledive investment schemes which invest primarily in equity securities. The value of Ihese
investmenls fluctuales and may fall in value resulting in a reduction in the Foundation's reserves.

Ennismore Foundation
Report of the Trustees
for the year ended 31st December 2024 Icontinued)
Plans for the future
The Ennismore Foundation will continue to focus on growing its assets. In the short to medium tem. a number
of donations to other charities will continue to be made each year but at a scale which should not significantly
affect the Foundation's assets.
Trustees
The Trustees in the year and Sin￿ the year end are as follows:
W G Oldfield
C Claxton
E Parry
H Orange
(resigned 4th September 2025)
(appointed 4th September 2025)
The trustees a￿ also the key management personnel. They receive no remuneration.
Trustees, responslbilitles ststsment
The trust88s are ￿sponSible for preparing the Trustees, Annual Report and the financial ststements in
accordance with applicable law and United Kingdom Ac￿UntIng Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for
8ach financial year which give a true and fair view of the state of affairs of the Foundation and of the incoming
resources and application of resourtss ofthe Foundation for that period. In preparing these financial statements,
the trustees are required to..
select suitable accounting po5iries and then apply them consistently;
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent:
state whether applicable accounting standards have been followed, subject to any malerial
departures dis¢losed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the Foundation will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the Foundation and enable them to ensure that the financial statements comply
with the Charities Act 2011, the applicable Charities (Accounts and Reports) regulations and the provisions of
Ihe trust deed. They are also responsible for safeguarding the assets of the Foundation and hence for taking
reasonable steps for the prevention and detection of fraud and other irregulartiies.
The trustees are responsible for the maintenance and integiify of the Foundation and financial infomiatlon
Included on the Foundation's website. Legislation in the United Kingdom governing the preparation and
dissemination of financial stalements may differ from legislats'on in otherjurisdictions.
Approved by the Trustees and signed on thelr behalf by:
WGO
23,. ...0.cl0￿f
. 2025

Ennismore Foundation
Independent Examinerfs Report to the Trustees of
Ennismore Foundatlon
I report on the accounts of the Foundation for the year ended 31 st December 2024 which are set out on page
4t011.
Responsibilities and basis of report
As the charity's tnjstees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the Act.).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in
carrying out my examination I have followed all the applicable Directions given by the Charity Commission under
section 145(5)(b) of the Act.
Independent examinevs statement
I have compleled my examination. I confim that no material matters have ¢ome to my attention in connection
wilh Ihe examination giving me cause to believe that in any material respect:
accounting records were not kept in respecl of the chartty as required by section 130 of the Act; or
the accounls do not a¢cord with those records.. or
the accounts do not comply with the applicable requirements conceming the fomi and content of accounts
set out in the Charities (A¢¢ounts and Reports) Regulations 2008 other than any r8quir8ment that the
accounls give a 'true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examinalion to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Andrew Rodzynski FCA
Partner
Wenn Townsend
Chartered Accountsnts
Oxford
. 2025

Ennismore Foundation
statement of Financial Activities
for the year ended 31st December 2024
Expendable endowment funds
Note
2024
2023
Income and Endowments
Donations
117.570
116,600
Total income
117.570
116,600
Expendituro
Charitable oxpèndlture
Grants and donations
Other
606.750
2.140
527,723
2.009
Total expenditure
608.890
529,732
Net In¢omel{expendtturo) before galns and losses
on investments
(491.320)
(413,132)
Unrealised gains on investments
Realised gains on investments
Exchange (loss)Igain on investments
(283,079)
(82,974)
(58,800)
559,049
(25,050)
{37,884)
Net movement In funds
(916.173)
82,983
Total funds at 1 st January 2024
13,711,070
13,628,087
Total fijnds at 31st December 2024
10
12,794,897
13,711,070
The notes on pages 6 to 12 forni part of these accounts.

Ennismore Foundation
Balance Sheet
as at 31st December 2024
Note
2024
2023
Fixed assets
Investments
12.225.329
13.630,182
Current assets
D8btors
Cash at bank
981,700
23,568
116,256
6,257
1.005,268
122,513
Liabilitios: amounts falling due within one year
(435,71)0)
{41,625)
Net Current assets
569,568
80,888
Total a88ets less current liabllities
12,794,897
13.711.070
Net assets
12,794,897
13.711,070
Expendable endowment funds
10
12,794,897
13,711,070
Approved by the Trustees on .
.13, OCtob£r
. 2025 and slgned on thelr behalf by:
Trus
G Oldfield
The notes on pages 6 to 12 fomi part of these accounts.

Ennismore Foundation
Notes to the accounts
For the year ended 31st December 2024
Accounting policies
al Basis of prepardtion
The Ennismore Foundation is a charity registered in England and Wales. The Foundation constitutes a
public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance
with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
harities preparing Iheir accounts in accordan￿ with the Financial Reporting Standard applicable in tha
UK and Republic of Ireland (FRS 102) issued in October 2019. the Financial Reporting Standards
applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK
Generally Accepted A¢¢ounting Praclice.
Items are re￿nised at cost or transadion value unless otherwis8 Stated in the relevant note to the
accounts.
The trustees consider that there are no material uncertainties about the Foundation's ability to continue
as a going concern. The financial statements are prepared in pounds sterling which is the functional
curr8ncy of the Foundation.
The signtficant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been appli8d to all years presented unless otherwise ststed.
bl Fund structure
The Foundation has a single expendable endowment fund ueat8d for such charitable purpose as the
Truslees in their absolute dISc￿tion from time to time think fft.
c) Expendlture
All invoices to the Foundation are paid by Ennismore.
Expenditure is recognised as soon as there is a legal or constructNe obligation committing the
Foundation to the expenditure. it is probable that settlement will be required and the amount of the
obligation can be measured reliabty.
I￿eCOverable VAT is Charged as an expense against the a¢tivty to which expenditure arose.
d) Fixed asset investments
Investments are included at fair value at the balance sheet date. Any gain or loss on revaluation or on
foreign exchange is taken to the Statement of Financial Activities.
e) Income
Income is recognised once the Foundation has entitlement to the resources. it is probable Ihat the
resour￿$ will be received and the monetary value of income can be measured wtth sufficient r81iabilty.
Fornlgn currencles
Monetary assets and liabilities denominated in foreign currencies are translated into sterting at the rates
of exchange prevailing at the accounting date. Transactions in foreign Uj￿en¢1es are recorded at the
date of the transactions. All dIfferen￿S are taken to the statement of financial acttvities.

Ennismore Foundation
Notes to the accounts (continued)
For the year ended 31st December 2024
Investments
2024
2023
Market value at 1st January 2024
13,630,182
13,134,067
Additions in the year
1.190,351
Disposals in the year
(980,000) (1,190.351)
Increase in market value in the year
(283,079)
559,049
Reallsed gainsl(losses) in the year
(82.974)
(25,050)
(Loss)Igain on foreign exchange
(58.800)
(37,884)
Market Value at 31st December 2024
12,225,329
13,630,182
Historical cost at 31st December 2024
5,826,012
6,148,757

11. 11 I

Ennismore Foundation
Notss to the accounts (continued}
For the year ended 31st December 2024
Grants and donations
2024
2023
Grants and donations indude the following:
Boys in Mind
Bradford Central Foodbank
British Friends of Sheba Medical Centre
Bumblebee Conservation Trust
Cancer Research UK
Centrepoint
CHAS
Chets in School
CICRA
Compassion in World Farming
Crisis
Darby Rimmer MND Foundation
Doctors WIthoLrt Borders
Dogs Aid Animal Sanctuary
Dogs Trust
Environmental Funders Network
Feedback Global
Frfe Gingerbread
Food Ethics Council
Friends of John Ball Association
Gaia Foundation
Give a Book
Greener and Cleaner
Hackney Playbus
Hawk Conservatory
Holy Trinity Clapham
Internet Archive
Kerry Hospi￿ Foundation
Knowsley Foodbank
L'Afrikana I COHERE
Made in Hackney
Malala Fund
Nature Friendly Famiing Network (NFFN)
One in Four
Palesline Children's Relief Fund
Plan International UK
Pro Veg UK
Rainforest Trust UK
Refuge
Romford Autistic Group Support
SANE
Save th8 Children
School of Hard Knocks
Shivtei Yisrael
1,000
5,000
11,000
1,000
2,750
2,000
1,000
40,000
32,000
1,000
1,000
1,000
1,000
1,000
11,000
11,000
1,000
20,000
5,000
70,000
1,000
5,000
250
32,000
2,000
20,000
1,000
11,000
1,000
11,000
1,000
1,000
32,000
21,000
2,000
1,000
1,000
2,000
92,000
1,000
1,000
21,000
87,500
1,000
21,000
1.000
1,000
1,000
46,000
1,000
20,000
41,000
1,000
10,000
2,820

Ennismore Foundation
Notes to the accounts (continued)
For the year ended 31st December 2024
Grdnts and donations (Continued)
2024
2023
Snow Camp Charity
Southwold Parochial Church Coun¢il
Sue Ryder Manorlands Hospice
The Big Give Trust
The Bike Projecl
The Chundukwa Foundation
The Funding Ne￿Ork
The Hawk Conseryancy Trust
The Inspiration Orchestra
The King's Trust
The Orchid Project
Tikva UK
Unicef UK
University College London Hospitals Chartty
We Are Grow
1,000
1,000
1,000
42.000
10,000
10,000
31.150
40,000
63,100
11,000
1.000
100,000
50,000
40,000
11.000
2,000
100
6,000
803
606,750
527,723
The purposes of the three largest grants above are:
The King's Trust
The Ennismore Foundation has supported Ihe King's Trust for many years and is now in the second
year of funding its focused response to the green challenge for young people. This year, funding is
helping to deliver 'Get ready. programmes in green construdion, retrofitting. ecoThrenovation and
renewable energy.
Nature Frlendly Farniing Network (NFFN)
The Ennisrnore Foundation continues to fund Nature Friendty Farming Network (NFFNI specifically in
Scolland to fund the post of a sustainable faming officer. More broadly. NFFN work, both on policy and
advocacy, to promote the nature friendty policies necessary to transition famiing in the UK to be resilient
in the face of climate change. This is alongside running a farmer to farmer knowledge 8xchange
programme supporting farmers in their transition to nature friendly ways of famiing.
Proveg UK
The Ennismore Foundation is funding Proveg UK to grow the Canteen to Classroom project that We
fvnded as a fledgling project last year. The second phase of this project moves away from the planning
and resource creation phase to marketing and promotion and getting the lessons into classrooms
across the county.
Govemance costs
2024
2023
Independent Examiners l Auditovs remuneration
1,700
1,625
10-

Ennismore Foundation
Notss to the accounts Icontinuedl
For the year ended 31st December 2024
Debtors
Accrued in¢ome
Other debtors
1,700
980,000
116,256
981,700
116,256
Other debtors relales to amounts receivable on disposal of financial investments. These amounts were
received by the Foundation on 2nd January 2025.
Llablllties: amounts due within one year
2024
2023
Accruals
Grant commitments (see note n
Amounts due to Ennismore (see note 9)
1,700
274,500
159,500
1,625
40,000
435,700
41,625
Grant commltrnents
Payable In yèar
Committed to
at 01.01.24
Approved Paldlamended
In year
In year
Commltted to
at 31.12.24
Deferred
2024
2025
40,000
8[￿.750
(372,250) (274,500>
274,500
274,500
40,000
6C6.750
(372,250)
274,500
Trustees remuneratlon
No remuneration was paid or expenses reimbursed to or waived by the Trustees during the currenl or
preceding year.
11

Ennismore Foundation
Notss to the accounts {continued)
For the year ended 31st December 2024
Related party transactions
Two of the trustees of the Foundation were also directors of Ennismore, one throughout the year and
the other until 22nd November 2024. During the year, Ennismore donated £117.570 to the Foundation
(2023". £116,600). At the year end. the Foundation has amounts due to Ennismore of £159,500 <2023:
£nil) which represent advances on expe￿ed future donations.
The Foundation holds investments in fiinds managed by Ennismore. These investments are on the
same temis as apply to other investors in these funds.
10.
Funds
The expendable endowment fund represents those assets whith may be held to provide increases in
market value. The fund may be spent at the discretion of the Trustees.
12-