Charity No.1082126
THE WAVENDON FOUNDATION
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

THE WAVENDON FOUNDATION
CONTENTS
Page
R￿erence and admFnistratlve detalls
Trustees. report
Independent examlner5' report
Statement of financial activltles
Balance ¥heet
cash flow 8tstement
Notes to th8 financlal statements
9-15

THE WAVENDON FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
CHARITY REGISTRATION NUMBER 1082128
TRUSTEES
Richard Mann Ichairl
Laurence Holden ITreasuTerl
Marcus Blake
Kenneth Chaproniere (to March 20251
e¢ Dankworth
Kevin Whately OBE
LIFE PRESIDENT
Dame Cleo Laine DBE Ilo July 20251
PRINCIPALADDRESS
83 Ducie Street
Manchester
M1 2JQ
INDEPENDENT EXAMINER
Hickeson Boy¢&
68a High Street
Stony Stratford
Milton Keynes
MK11 1AQ
BANKERS
National Westrnin5ter Bank PIC
Milton Keynes IA) Branch
501 Silbury Boulevard
Saxon Gate East
Milton Keynes
MK9 3ER
MetroBank plc
One Southampton Row
London
WC1B SHA
INVESTMENT ADVISORS
PB Financial Planning
Tennyson House
Carnbridge Business Park
Cambridge
C84 OVVZ
Ralhbones (incorporating Investec Wealth & Managemenll IUKI
30 Gresham Street
London
EC2V 7QP

THE WAVENDON FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees present their report wf(h the financial statements of the charity ft)r the year ended 30 September 2025. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Stslemenl of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeciive 1 January 20191.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Objects of the Foundation
The Wavendon Foundation is constituted under a Trust Deed dated 1 May 2000 las amended by a supplementsl deed
dated 3 August 20001 and is a registered charity, Reglstration No. 1082126. The principal object of the Charity is to raise
nds to benefit persons engaged in the performing arts and in the education of the public through the performing arts,
whether as registered charities, corporate bodies or individuals. The principal fund-raising vehicle employed by the
Charity Is return from investing.
The Wavendon Foundation seeks to have regard to public benefit by making financial awards wthin the performing arts
available to all. The Foundation carries out its activib.es wth due regard for the Charity Commission guidance on public
benefit.
Organisational structure
The trustees have seThed during the year are set out under the section 'Trustees" on page 2. The trustees met
quarterly during 2024125.
REVIEW OF ACHIEVEMENTS AND PERFORMANCE
The sale of land gifted to the Foundation by Sir John and Lady Dankworth enabled the Trust to establish an investment
portfolio which funds the provision of financial awards and the running of the Foundation, in support of ils charitable
aims.
Each quarter, the trusiees 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 ¥Mlh the Foundation's investment poli¢y.
Whilst it Is rarely possible lo make awards to all applicants, the trustees endeavor lo maximise the number of awards
made each quarter and sought lo respond lo the increased demand parti¢ularly from individual applications in the
year.
In 2024125 49 financial awards were made were to 8 organisation$ such as.. Cumbria Opera Group, Bold Tendencies
and The National Youth Jazz Orthestra. The remainder were to individuals with donations varying bebKeen £250 and
£2,000 to support their studies or specific projects they were engaged in. In total, the amounts donated were £59.200 to
individuals and £13,000 lo organisations12024- £35,026 to individuals and £22.625 to organisationsl.
RISK MANAGEMENT
The trustees have identified the risk$ to which the Charity is exposed and have implemented procedures to mitigate them.
The pnncipal risk to the Charity Is considered to be volatility in the Capit￿ value of rts Investments and the returns
therefrom. This is mitigatecl by diversifying the Investment pc)rtfolio In 3 profégÈion>lly man2g8d inveBtment portfolio on
mediutn 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 {CONTINUEO)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
FINANCIAL REVIEW
The gross income ofthe Found81ion, induding feali8ed and unrealised inv8strnenl gain8 for the year w88 £114.113 {2024
£187.3881, r8suRing in ¥ surplus for the year bafore donation¥ made of £81,981 12024 £136,SC61. Th• not gain on
Invastments lor year at the Balance She•t do19 was £65.867 {2024 £110.221).
Financial 8ward$ given as grants in tha yo81 wets £72,20012024 £57.6SI1 resuhing Fn a not 8ufF4u$ lor the year of£9,761
12024 £78.858).
When aggregated with unresirfcted re$8rvgs brought forward of £2,348.858. unrestrictad re$&rves carried foN8rd are
£2,358,619.
Invo8im•nt PorformOAC
At thè Balanca Sheet dats, the Foundatsofj's inva$tment ptsrtfolio réported a net retum of 4.6•A over the 12 months from
30 September 2024, The trustee$ have reviewod the perfomiance and suitabilty of thè Foundation's portfollo with the
inv*$tment managers. acknowledging the challengTrng investmgnt 8nv1ronmsnt during the year. and wlll ¢ontinua to keep
inveslrnenl perf¢Trnan￿ under ?¢tiv• r¢vl8w.
The iat&sl availablo vauatson ot the portfdio as al 31 D&¢ember 2025 shows a current market value of £2,369,494, with
net rglum of 8.5% delwered over the 12 months ftom 31 D￿￿fiber 2024.
FUTURE PLANS
The Foundytion intends 1¢ continue making available financial award8 to SUPPDrt engagement and education in thè
perfomin9 8rt8 In accordance with 11$ charitsbl¢ purFoses.
The trustees are responsible for k&eping propel accounting records which disclose with reasonable accuracy at any time
the fin8ncial position of the charity and to enable thèm to ensure Ihat the financial ststem8nts comply wtth the Charities
Act 2011, th* Charity (Accounts and Reports) Regulation 2008 and Ihe provisions of the trust deed. They arè also
respDn8ibl& for sa19guardlng the assets of the ch¥rlty and hence for taking fea80nabl& *eps lor th& pr8venb.on and
dètecliin of fraud and other irregularities.
Approved by order of thè br)ard of tru$l883 on
and si9n&J on its behall by..
•, 7bl-
QOCA
Richard Mxnn- Trusteo and Chaii
"17lg
02

THE WAVENDON FOUNDATION
INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF
THE WAVENDON FOUNDATION
FOR THE YEAR ENDED 30 SEPTEMBER 2025
I report to the charity trustees on my examination of the account$ of the charity for the year ended 30 S&ptember 2025
which are set out on pages 6 10 15.
R•$ponslbllltl•s and basis of report
As the charity's Iruslees you are responsible for the preparation of the accounts in accordance with the requirements of
the Charities Act 2011 I'lhe Act'i.
I ret)ort in respect of my examination of the charity's accounts carried out under seCt￿n 145 of th8 Act and in carrying out
my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5llbl of
the Act.
Independent examinerfs statemont
I have completed my examination. I confirm that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the Act., or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set
out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a
'Irue and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have com¢ across no other matter¥ in ￿nnectIOn with the examination to which attention should
be drawn in this report in order to enable a propgr understsnding of the accounts to be reached.
N Boyce FCCA
Hickeson Boyce
68a High Street
Stony Stratford
Milton Keynes
MK11 1AQ
Date..
IGI712G

THE WAVENDON FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE
ACCOUNT)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
unrestricted
2025
unr8Stricted
2024
Note
INCOME FROM:
Investment income
Total
48,246
57,165
EXPENDITURE ON:
Raising funds
Charitable activities..
Grants
Other
21.747
21,765
516
718
72.200
10.405
57.651
9.114
Totsl
104,352
88,530
NET IEXPENDITUREI BEFORE GAINS
{56,1061
131,3651
Net Ilo$se811 gains on investsn&nt$
65,867
110,221
NET (EXPENDITURE} I INCOME BEING
NET MOVEMENT ON FUNDS
9.761
78.856
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD
2,348,858
2.270,002
2,358,619
2.348,858
All income and expenditure has arisen from continuing activities.
The Ststement of Financial Activities includes all gains ar>d losses re¢ognised in the year.
The notes on pages 9 to 15 forFr part of tliese accounts.

THE WAVENDON FOUNDATION
CHARITY REGISTRATION NUMBER: 1082126
BALANCE SHEET
AS AT 30 SEPTEMBER 2026
2025
2024
Note
FIXED ASSETS
Invostments
Fixed investments
10
2.349,822
2,338,989
2 338 989
CURRENT ASSETS
Debtors
Prepayments and accruad in¢¢m•
Cash at bank
268
10,128
246
11,697
10.396
11,943
CREDrroRS
Amounts fglling due wf(hin on* year
NET CURRENT ASSETS
12
11,5991
12,0741
8,797
9,869
TOTAL ASSETS LESS CURRENT
LIA81LITIES
2,3S8,619
2.348.858
NEfASSETS
2 358 619
2,348,858
FUNDS
UnrestTiCtsgd funds
2,3S8,619
2,348.8S8
TOTAL FUNDS
2,358,019
2,348,858
Tha financial Statements were fjpproved by the Board of Trustaes on
and sign&d tsn its behall by..
urence J Holden 8.Mus. MSC, CPFA
Trustee and Hon.Treasurer
719":J
The nolas on pag•s 9 to 15 foim part of thesè a¢count8.

THE WAVENDON FOUNDATION
CASHFLOW STATEMENT
AS AT 30 SEPTEMBER 2025
Notss
2025
2024
Cash Flows from Operating Activiti?
Net cash provided by
operating activities
14
1104,8491
187,7841
Cash Flows from Investing Activities
Dividends and Interest from investments
Bank interest
Proceeds on sale on investments
Purchase of investments
48,213
33
783,450
{570,8581
57,118
47
242,449
{176.6951
Net Cash Flo%￿ from Investing Activitiès
260,838
122,919
Change in cash and cash equival8nts in the
y•ar
155,989
35,135
Cash and Cash equivalents brought forK4rd
61,453
26,318
Cash and cash èqulv¥lents carried forward
15
217,442
61,453
Analysis of chang•s in net debt=
At start of the year
Cashflows
Other non-cash
At end ol the year
changes
Cash
Cash within the
investment portfolio
11,697
49,75S
11,5691
157,558
10,128
207.314
61,453
155,989
217,442

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. ACCOUNTING POUCIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of
the financial statements are as follows..
a. Basis of pmparntion
The financial statemen15 of the Charity, which 15 a public benefit entity under FRS 102, have been prepared in
accordance wf(h the Ch3Tities SORP IFRS 1021 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 IFRS 1021 leffeclive 1 January 20191,. Financial
Reporting Standard 102 The Financial Repo￿ng Standard applicabse in the UK and Republic of Ireland, and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention in pound
sterfing wh&ch is the functional currency of the Charity.
b. Going concern
The trustees consider that there are no material uncertainties about the charity's abilty to continue as a going
eoncern. As such, they continue to adopt the going concem basis of accounts In preparing the financial
statements.
c. Income
l income is re¢ognised in the Statement of Financial Activities once the charity has entitlement to the funds, il
is probable that the income wll be received, and the amount can be measured reliably.
Interest on funds held on deposlt 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 Governrnent 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 Its that expenditure, it is probable that a transfer of economi¢ benefits will be required In settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and
has been classified under headings that aggregate all Gosts related to the category. Where costs cannot be
directly attributed to particular heading3. they have been allocated lo activities on a basis consistent with the use
of resources.

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Support Costs are those costs incurred directly in support of expenditure on the objects of the charity and
governance costs are those incurred in connection with administration of th¢ charity and compliance urilh
constitutional and statutory requirements.
e. Taxation
The Trust is 3 registered charity and is exempt from corporate taxes lo the extent of operating wrthin ils
Charitable objectives. Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
Fund accounting
Unrestricted funds can be used in accordance wth the charitable objectives at the discretion of the trustees.
Investments
Investments are a fomi of basic financial instrument and are inffially recognised at their transaction value and
subsequently measured at their fair value a5 at the balance sheet date using the bid price. The statement of
financial activib'es includes the net gains and losses arising on revaluation and disposals throughout the year
as disclosed in note 11.
The Trust does not acquire put options, derivatives or other complex financial instruments.
The main form of finaneial risk faced by the charity is that of volatility in equity markets and investment markets
due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment
concerning equities and within particular sectors or SLib sector5.
h. Debtors
Sundry debtors are recognised al the setdement amount due. Prepayments are valued al 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
months Dr less from the date of acquisition or opening of the Lleposit or similar account.
j. c￿ditorS
C￿dItorS are re¢ognise¢Y where the charity has a present obligation resulting frorn a past event that ￿11 probab
result in the transfer of fund5 to a third party and the amount due to settle the obligation can be measured or estimated
reliably. Creditors are nom1811y recognised at their setuement amount after allovAng for all trade discounts due.

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
k. Financial instruments
The charity only has financial a55ets and ffinancial liabilities of a kind that qualify as basic firancial instnjments.
Basic financial in5tiuments are initialty recognised at transaction value and subsequently measured at their settlement
value. Fixed assets are recorded at depreciated historical cost and all other assets an(J liabilities are re¢orded at cost
which Is their fair value wrth the exception of investments which are recorded at their fair value based on market rate
as shown in note 11.
l. Accounting estimates
There are no significant accounting estimates at the year end date12024 none).
INVESTMENT INCOME
202S
2024
Bank account interest
Interest on investments
Dividend
33
888
47,325
47
594
56,524
48,246
57,165
RAISING FUNDS
202S
2024
Investment manager fees
21,747
21.765
21,747
21.765
TRUSTEES. REMUNERATION AND BENEFITS
No remuneration or other benefits were paid lo trustees for the year ended 30 September 2025 nor for the year
ended 30 September 2024.
No expenses were paid for the year ended 30 September 2025 nor for the year ended 30 September
2024.

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 30 SEPTEMBER 2025
5. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES- CURRENT YEAR
Dkrect Costs Support costs
Total
2025
2025
2025
(note 71
Engaging and educating in performing arts
72,200
10,405
82,605
No.
Grants to individuals
Grants to institutions
59,200
13,000
39
72,200
47
Three grants included in the tsbles above totalling £4,500 were rnade to individuals or institutions in Scotland,
totalling £1,250 to individuals and institutions in Wales, and one of £1,000 to an institution in Northern Ireland. The
remainder were made to individuals and institub.ons In England.
6. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIE& PRIOR YEAR
Dlrect costs Support costs
Totsl
2024
2024
2024
(note 71
Engaging and educatirrfJ in pèrforming arts
57.651
9,114
66,765
No.
Grants to individuals
Grants to insliluts.ons
35,026
22,825
24
17
57,651
41
One grant included in the tabl6$ above of £1,000 was made to an institution in Scolland, and one of £500 to an
institution in Northem Ireland. The remainder were made lo individuals and institutions in England.
-12-

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
7. SUPPORT COSTS- CURRENT YEAR
Governance
2025
Othar
2025
Total
2025
Independent examinaknon fees
Rent
Administrative assistant
Office expenses
Website costs
Bank charges
Insurance
1,586
1.586
4.104
641
3,814
4,104
641
3,814
260
260
Total
1.588
8,819
10.405
SUPPORT COSTS- PRIOR YEAR
Governance
2024
Oth•r
2024
Totsl
2024
Independent examination fees
Rent
Administrative assistant
Office expenses
Website costs
Bank charges
Insurance
Total
1,586
1.586
4,143
440
2,198
4.143
440
2,198
747
747
1,586
7,528
9.114
9. STAFF COSTS
No wages or salaries were paid in 2025 or 2024.
13-

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
10. INVESTMENTS
2025
2024
Investments at market value comprise".
At 1 October 2024
Additions
Disposal proceeds
ILos51 I gain on investments
Cash movement
2,338,989
570,858
1783,4501
115,6331
239,058
2,261.866
176,695
1242,4491
41,771
101,106
At 30 September 2025
2.349.822
2,338,989
Cost of investments
2,142,970
2,259,003
Investments are allotted to each range as follows..
Fixed interest
Equities
Other
Cash
538.378
1.004.959
599. 171
207,314
543,753
1.119,061
628,419
49,756
2.349,822
2,338,989
11. DEBTORS
2025
2024
Prepayments
other debtors
268
246
268
246
12. CREDITORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR
2025
2024
Trade creditors
Other creditors
Accruals
f.599
2,074
1,599
2,074

THE WAVENDON FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
13. RELATED PARTY DISCLOSURES
There were no related party transactions in the year ended 30 September 2025, nor in the year ended 30 September
2024.
14. RECONCIUATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
Net Income
Adjusted for.
Loss I Igainl on investments
Ilncreasel l Decrease in debtors
(Decrease) I Increase In creditors
Dividends and interest from investments
Bank interest
9,761
78,856
185,8671
1221
14751
148,2131
1331
1110,2211
488
258
157,1181
{471
Net cash provided by operating activities
1104,8491
187,7841
15. ANALYSIS OF CASH AND CASH EQUIVALENTS
2025
2024
Cash al bank
Cash In investment portfolio (note 101
Total
10,128
207,314
11,697
49,756
217,442
61,453
15-