Charity No.1082126
THE WAVENDON FOUNDATION
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

THE WAVENDON FOUNDATION
CONTENTS
Page
Reference and administrative details
Truslees, report
Independent examiners. report
Slalemenl of flnanclal acllvllles
Balance sheet
Cash flow slatemenl
Notes to the financial statements
9-15

THE WAVENDON FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
CHARITY REGISTRATION NUMBER 1082126
TRUSTEES
Richard Mann {Chair)
Laurence Holden (Treasurer)
Marcus Blake
Kenneth Chaproniere
Alec Dankworth
Kevin Whately OBE
LIFE PRESIDENT
Dame Cleo Laine DBE
PRINCIPAL ADDRESS
83 Ducie Street
Manchester
M12JQ
INDEPENDENT EXAMINER
Hickeson Boyce
68a High Street
Stony Stratford
Milton Keynes
MK11 IAQ
BANKERS
National Westminster Bank PIC
Milton Keynes IA) Branch
501 Silbury Boulevard
Saxon Gate East
Milton Keynes
MK9 3EFI
MetroBank plc
One Southampton Row
London
WC1 B SHA
INVESTMENT ADVISORS
PB Financial Planning
Tennyson House
Cambridge Business Park
Cambridge
CB4 OWZ
Rathbones (incorporating Investec Wealth & Management) (UK)
30 Gresham Street
London
EC2V 7QP

THE WAVENDON FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present Iheir report wilh the financial statements of the charity for the year ended 30 Seplember 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities= Slatement 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 1021 (effective 1 January 2019).
STRUCTURE. GOVERNANCE AND MANAGEMENT
Objects ol Ihe Foundation
The Wavendon Foundation is consliluled under a Trust Deed dated 1 May 2000 las amended by a supplemental deed
dated 3 August 20001 and is a registered charity - Registration No. 1082126. The principal object of the Charity is to
raise funds to benefii persons engaged in the performing arts and in the education of the public through the performing
arts, whelher as registered charities, corporate bodies or individuals. The principal fund-raising vehicle employed by Ihe
Charity is return from investing.
The Wavendon Foundation seeks lo have regard to public benefit by making financial awards wilhin the performing arts
available to all. The Foundation carries out its activities with due regard for the Charity Commission guidance on public
benefit.
Organisational structure
The trustees who have served during the year are set out under the section Yrustees" on page 2. The trustees met
quarterly during 2023124.
REVIEW OF ACHIEVEMENTS AND PERFORMANCE
The sale of land gifted to the Foundalion by Sir John and Lady Dankworth enabled Ihe Trust to establish an inveslment
portfolio which lunds the provision of financial awards and the running of the Foundation, in support of its charitable
aims.
Each quarter, Ihe trustees review the financial position of the Foundation and consider the relative merits of the
applications for support. Awards are made within the funding available in line with the Foundation's investment policy.
Whilsl il is rarely possible lo make awards to all applicants. the trustees endeavor lo maximise the number of awards
made each quarter.
In Ihe year, 41 financial awards were made. 17 were to organisations such as- Creative Pulse. Apollo Music Projects
and The National Youth Jazz Orchestra. The remainder were to individuals with donations varying belween £1,000 and
£2,000 lo supporl Iheir studies or specific projects they were engaged in. In total, the amounts donated were £35,026 10
individuals and £22,625 to organisalions12023 - £21,000 to individuals and £36,500 to organisations).
RISK MANAGEMENT
The Iruslees have identilied the risks to which the Charity is exposed and have implemented procedures to mitigate them.
The principal risk to the Charity is considered to be volatility in the capital value of its investments and the returns
therefrom. This is miligaled by diversifying the investment Portfolio in a professionally managed investment portfolio on
a medium risk basis. The availability of funds for grant giving is assessed against projections of annual income from the
fund to support preservation of the capital.

THE WAVENDON FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
FINANCIAL REVIEW
The gross income ol Ihe Foundalion, including realised and unrealised investment gains for the year was £167,38612023
£107,355), resulting in a surplus for Ihe year before donations made of £136,506 12023 £78,487}. The nel gain on
investments lor the year al the Balance Sheet dale was £110,221 (2023 £56.534).
Finaiicial awards given as grants in Ihe year were £57,65112023 £57.5001 resulling in a nel surplus lor the year of £78,856
12023 £20,987}.
When aggregaled with unreslricled reserves broughl forward of £2,270.002. unreslricled reserves carried forward are
£2,348,858.
Investment Performance
Al Ihe Balance Sheet dale, the Foundation's investment portfolio reported a net return 016.730/0 over Ihe 12 months from
30 September 2023. The trustees have reviewed the perlormance and suilabilily ol the Foundation's porllolio with Ihe
investment managers and are satisfied with both whilst keeping perlormance under active review.
The latest available valuation ol Ihe portfolio as at 31 December 2024 shows a current markel value of £2,276,122, with
a nel return of 0.980/0 delivered over the 12 months from 31 December 2023.
FUTURE PLANS
The Foundalion intends lo continue making available financial awards lo engage and educate in Ihe peilorming arls in
accordance with ils charitable purposes.
The Iruslees are responsible for keeping proper accounling records which disclose with reasonable accuracy al any limp
the financial position ol Ihe charity and lo enable them lo ensure Ihal the linancial statements comply with Ihe Charilies
Act 2011, the Charity (Accounls and Reports) Regulalion 2008 and the provisions of the trust deed. They are also
responsible lor safeguarding tho assels ol the charity and honce lor taking reasonable steps lor the prevention and
detection ol fraud and other irregularities.
Approved by order ol Ihe board ol Iruslees on 4 20 zs and signed on ils behalf by:
Richard Mann- Trustee and Chair

THE WAVENDON FOUNDATION
INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF
THE WAVENDON FOUNDATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 September 2024
which are set oul on pages 6 to 15.
Responsibilities and basis of rnport
As the chariry's trusiees you are responsible for Ihe preparaiion of Ihe accounts in accor¢Jan￿ wilh the requlremenis ol
the Charf(ies Act 2011 I'the Act,).
I report in respect of my examination of the charity's accounts carried OLrt under section 145 of the Act and in carrying out
my examination I have followed all Ihe applicable Dlrecilons glven by Ihe Ghariry Gomtnission under seclion 145151{bl of
the Act.
Independenl examiner's statement
I have completed my examination. I confirm that no material matters have come to my attenlion in connection wilh the
examination giving me cause to believe that in any material respect:
accounling records were nol kept in respect of Ihe charity as requireLI by section 130 01 the Act; or
the accounts do nol accord wilh those records" or
the accounts do not comply wilh the appliCa￿e requirements concerning the form and content of accounls set
out in the Charities (Accounts and F4eports) negulations 2008 other than any requirement that the accounts give a
'true and fair view, which is noi a matter considered as part of an indeperKleni examination.
I have no concerns and have come across no other matters in connection with ihe examination to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
N Boyce FCCA
Hickeson Boyce
68a High Slreet
Slony Strattord
Milton Keynes
MK11 1AQ
Date:
175t [£S

THE WAVENDON FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE
ACCOUNT)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
unrestricied
2024
unrestricted
2023
Note
INCOME FROM:
Investment income
57.165
50.821
50,821
Tolal
57,165
EXPENDITURE ON:
Raising funds
Charitable activities-
Grants
Other
21,765
21.548
516
718
57.651
9,114
57.500
7.320
Tolal
88,530
86,368
NET (EXPENDrruRE) BEFORE GAINS
(31,365)
(35,547)
Net Ilossesl I gains on investments
110.221
56,534
NET (EXPENDrruRE) I INCOME BEING
NET MOVEMENT ON FUNDS
78,856
20,987
RECONCILIATION OF FUNDS
Total funds brought forward
2,270,002
2,249,015
TOTAL FUNDS CARRIED
FORWARD
2,348,858
2,270,002
All income and expenditure has arisen from continuing activities.
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 15 form part of these accounts.

THE WAVENDON FOUNDATION
CHARITY REGISTRATION NUMBER: 1082126
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
2024
2023
Note
FIXED ASSETS
Inveslments
Fixed investments
10
2,338,989
2,261,866
2 338 989
2 261866
CURRENT ASSETS
Debtors
Prepayments and accrued income
Cash al bank
246
11.697
734
9,218
11,943
9,952
CREDITORS
Amounts falling due within one year
12
12,0741
11.8161
NET CURRENT ASSETS
9,869
8,136
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,348,858
2,270,002
NET ASSETS
2,348,858
2,270,002
FUNDS
Unrestricted funds
2,348,858
2,270,002
TOTAL FUNDS
2,348,858
2,270,002
The financial slalemenls were approved by the Board ol Truslees on
Zaxfand signed on ils behalf by..
Laurence J
Trustee and
Iden B.Mus, MSC, CPFA
on.Treagurer
The notes on pages 9 10 15 lorm parl ol these accounts.

THE WAVENDON FOUNDATION
CASHFLOW STATEMENT
AS AT 30 SEPTEMBER 2024
Notes
2024
2023
Cash Flows from Operating Activities
Net cash provided by
operating activities
14
(87.784)
(87,340)
Cash Flows from Investing Activilies
Dividends and interest from investments
Bank inlerest
Proceeds on sale on investments
Purchase of investments
57,118
47
242,449
(176,695)
50,800
21
607,107
1685,876)
Net Cash Flows from Invesling Aclivities
122.919
127,948)
Change in cash and cash equivalents in the
year
35,135
1115,288)
Cash and Cash equivalents brought fotward
26.318
141,606
Cash and cash equivalents carried forward
15
61,453
26,318
Analysis of changes in nel debt:
At start of the year
Cashflows
Other non-cash
At end of the year
changes
Cash
9,218
17,100
2,479
32.656
11,697
49,756
Cash within the
investment portfolio
26,318
35.135
61,453

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. ACCOUNTING POLICIES
The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of
the linancial stalements are as follows-
a. Basis of preparalion
The financial statements of the Charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing iheir accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 20191,, Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Charilies Act 2011. The financial stalements have been prepared under the historical cost convenlion in pound
sterling which is the functional currency of the Charity.
The financial statements have been prepared to give a'true and fair, view and have departed from the Charities
(Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This
departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July
2014 rather than Ihe Accounting and Reporting by Charities- Statement of Flecommended Practice effective Irom
1 April 2005 which has since been withdrawn.
b. Going concern
The trustees consider that there are no material uncertainties alx)ut the charity's ability lo continue as a going
COn￿rn. As such, they continue to adopt the going concern basis of accounts in preparing the financial
statements.
c. Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable that the income will be received, and the amount can be measured reliably.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the
charity, which is normally upon notification of the interest paid or payable by the bank. Dividends and income
from Government Securities are recognised when it is received.
d. 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 a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accoLJnted for on an accruals basis and
has been classified under headings that aggregate all costs related to the category. Where costs cannol be
directly attributed to particular headings. they have been allocated to activities on a basis consistent with Ihe use
of resources.

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and
governance costs are those incurred in conneclion with administration of Ihe charity and compliance with
constitutional and statutory requirements.
e. Taxalion
The Trust is a registered charty and is exempt from corporate taxes to the extent of operating within its
charitable objectives. Irrecoverable VAT is charged againsl the expenditure heading for which il was incurred.
Fund accounling
Unrestricted lunds can be used in accordance with the charitable objectives at the discretion of the trustees.
g. Investmenls
Investments are a form of basic financial instrument and are initially recognised al their transaclion value and
subsequenlly measured at their fair value as at the balance sheet date using the bid price. The statement of
financial activities includes the net gains and losses arising on revalualion and disposals throughout the year
as disclosed in note 10.
The Trust does not acquire put options, derivatives or other complex financial instruments.
The main form ol financial risk faced by tt)e charity is that of volatility in equity markets and investment markels
due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment
concerning equilies and within particular sectors or sub sectors.
h. Debtors
Sundry debtors are recognised at the settlement amount due. Prepayments are valued at the amount repaid
net of any trade discounts due.
i. Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three
monlhs or less from the dale of acquisition or opening of the deposit or similar account.
Creditors
Credilors are recognised where Ihe charity has a presenl obligalion resulting Irom a pasl event Ihal will probably
result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or estimated
reliably. Creditors are nomially recognised at their settlement amount after allowing for all trade discounts due.

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
k. Financial instruments
The charily only has financial assets and financial liabilities of a kind thai qualify as basic financial instruments.
Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement
value. Fixed assets are recorded at depreciated historicJ cost and all other assets and liabilities are recorded al cost
which is their fair value with the exception of investments which are recorded at their fair value based on markel rate
as shown in note 10.
l. Accounling estimales
There are no significanl accounting estimates at the year end date (2023 none).
2. INVESTMENT INCOME
2024
2023
Bank account interest
Interest on investments
Dividend
47
594
56.524
21
487
50,313
57,165
50,821
RAISING FUNDS
2024
2023
Inveslment manager fees
21.765
21,548
21,765
21,548
4. TRUSTEES. REMUNERATION AND BENEFITS
No remuneration or other benefits were paid to trustees for the year ended 30 September 2024 nor for the year
ended 30 September 2023.
No expenses were paid for the year ended 30 September 2024 nor for the year ended 30 September
2023.

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
5. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Direct costs Support cosls
Total
2024
2024
2024
(note 71
Engaging and educating in performing arts
57,651
9,114
66,765
Granls to individuals
Grants to institutions
35,026
22,625
24
57,651
41
One grant included in the tables above of £1.000 was made to an institution in Scotland, and one of £500 to an
institution in Northern Ireland. The remainder were made to individuals and institutions in England.
6. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Direct costs Support cosls
Total
2023
2023
2023
(note 81
Engaging and educating in performing arts
57,500
7,320
64,820
No.
Grants to individuals
Grants to institutions
21,000
36,500
14
23
57,500
37
Four grants included in the tables above, totalling £5.5CQ, were made to institutions in Scotland, and one of £500 to an
institution in Northern Ireland. The remainder were made to individuals and institutions in England.
12-

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
7. SUPPORT COSTS- CURRENT YEAR
Governance
2024
Other
2024
Total
2024
Independent examination fees
Rent
Adminislrative assistant
Office expenses
Website costs
Bank charges
Insurance
1 ,586
1,586
4,143
440
2,198
4.143
440
2.198
747
747
Total
1,586
7.528
9,114
8. SUPPORT COSTS- PRIOR YEAR
Governance
2023
Other
2023
Total
2023
Independent examination fees
Rent
Administrative assistant
Office expenses
Website costs
Bank charges
Insurance
Total
1,559
1,559
3,128
445
1,416
3.128
445
1,416
772
772
1,559
5,761
7,320
9. STAFF COSTS
No wages or salaries were paid in 2024 or 2023.
13-

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
10. INVESTMENTS
2024
2023
Investments at market value comprise:
At 1 October 2023
Additions
Disposal proceeds
{Lossl I gain on investments
Cash movemenl
2,261,866
176,695
(242,449)
41.771
101,106
2,237,580
685,876
(607,107}
{4,966}
149,517)
At 30 September 2024
2,338,989
2,261,866
Cost of investments
2,259,003
2,227,425
Inveslmenls are allotted to each range as follows:
Fixed inlerest
Equities
Other
Cash
543,753
1,119,061
626,419
49,756
561,570
1.116,081
567,115
17,100
2,338,989
2,261,866
DEBTORS
2024
2023
Prepayments
Other debtors
246
734
246
734
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Olher creditors
Accruals
2,074
1,815
2.074
1,815
-14-

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
13. RELATED PARTY DISCLOSURES
There were no related party transactions in the year ended 30 September 2024, nor in the year ended 30 September
2023.
14. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net Income
Adjusled for:
Loss l {gain) on investments
Ilncreasel l Decrease in debtors
(Decrease} I Increase in creditors
Dividends and interest from investments
Bank interest
78,856
20,987
{110.221}
488
258
(57,118)
{471
{56,5341
{972)
{50,800)
121)
Net cash provided by operating activities
187,7841
{87,340)
15. ANALYSIS OF CASH AND CASH EQUlVALETr￿s
2024
2023
Cash at bank
Cash in investment porttolio (note 10)
11.697
49.756
9,218
17,100
Total
61,453
26,318
15-