TH
FOU
TIO
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
31st December 2024
Charity Registration No. 1088012

T]PL¥MES FOUNDATION
FINANCIAL STATEMENTS
For the year ending 31st December 2024
Index
Pages
OfFicers and Advisors
Trustees, Report
Trustees, Responsibilities
Independent Examinerfs Report
Statement of Financial Activities
Balan￿ Sheet
Notes to Financial Statements
10

THAMES FOUtNDATION
Officers and Advisors
TRUSTEES
C Vida
O Da Silva
A Williams
Appointed 5 January 2024
H Shaw-Appointed 5 January 2024
S Cassidy - Resigned 11 April 2024
Chair
INDEPENDENT EXAMINER
Samir Shah FCA, ATII
Ramon Lee Ltd
Chartered Accountants
93 Tabernacle Street
London EC2A 4BA
BANKERS
Lloyds TSB Bank plc
9-13 Brompton Road
London SW3 1DD
REGISTERED ADDRESS
29 Pembridge Square
London W2 4DS
CHARITY NUMBER". 1088012

THAMES FOUNDATION
Trustees, Report
The Trustees hereby submit their report and the financial statements of Thames Foundation
for the year ending 31st December 2024.
The financial statements have been prepared in accordance with the accounting policies set
out in note to the financial statements and comply with the charity's trust deed, the Charities
Act 2011 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).
The Charity's Principal Objects
The Charity's objectives are the advancement of education, the relief of sickness and
distress and the relief of poverty through grants to charities, educational establishments.
associations and individuals.
Achievements and Performance
The level of donations to the Charity increased and subsequently, the Charity has been able
to likewise increase its charitable giving. This is particularly true in the case of grants to the
elderly who have found themselves in difficult financial situations. The assistance provided
by the Charity through loans to educational charities have enabled these charities to meet
their short term financial obligations and push through with planned projects that may have
failed due to shortage of funds.
Grant Making Policy and Public Benefit
The trustees confirm that in accordance with section 17 of the Charities Act of 2011 they
have due regard to public benefit guidance published by the Charity Commission.
The Charity invites applications for grants from registered charities and associations that are
able to prove their commitment and track record to the advan￿ment of education. Financial
assistan￿ is provided for those in need of medical attention or relief from poverty. Special
attention is given to individuals who have in the past assisted or who have contributed to the
voluntary and charity sector.
Financial Review
Donations to the Thames Foundation came to £341,179 in the current year representing a
small increase of 70k in donations compared to the previous year. Regular donations
continue to remain stable and it is foreseen that the level of donations will continue to remain
at the same in the next year. Trustees and friends of the Charity continue with its efforts to
look for new donors to be able to support its charitable activities.

The high interest deposit account opened last year has once again proved profitable for the
Charity as interest from this account for 2024 increased to £26,542 from £15,231 received
in 2023. This brought total income for the charity to £367,721 for the year.
There was a slight increase in expenditure for individuals grants for the relief of poverty as
the total amount of grants moved up to £212,404 from £201,563 in the previous years.
Educational Grants for the year only amounted to £2,000. Grants awarded this year for
medical purposes £650 as compared to £870 in the previous year.
The Charity takes a long-term view of its finances and seeks to make the most of its current
funds so that it can continue to focus on supporting those in need of relief from poverty,
particularly elderly individuals who have worked for many years in the voluntary or charity
sector and now find themselves in financial difficulties.
Apart from supporting those in need for the relief of poverty the Charity would like to focus
on specific educational charities with grants or low interest loans.
Trustees and friends of the Charity continue with its efforts to look for new donors. The
amount of £2,027,542 carried fO￿ard to the following year as well as the support of the
Charity's long-standing donors assures the future of the Charity and the fulfilment of its
commitment to current projects and individuals.
Reserves Policy
There is no petty cash account and the Charity owns no property. The Charity allocates the
income received from donors to support different ventures in keeping with its principal
objectives, the amount depending on the level of donations obtained. Each year the income
received is expended in furthering the charity's objectives and it has no investments. Its
ability to support different ventures depends on the level of donations received in any one
year. The Charity does not expend more than it has available and does not go into deficit.
As of 31 st December 2024, financial statements showed reserves of £2,027,542 (2023
£1,877,823) made up of unrestricted funds.
Investrnent powers and policy
The trustees have considered the most appropriate policy for investing surplus funds and
have found that bank deposit accounts provide the appropriate combination of security,
ac￿Ssibl11tY and income growth.
Structure, governance and management
Governing document
The Thames Foundation is a charitable trust formed by a Declaration of Trust dated 6th
December 2000.
The organisation is an unincorporated association registered as a charity with the Charity
Commission in 2001 (Charity no. 1088012).

Organisation and Trustees
The day to day organisation is looked after by the Trustees who monitor the running of the
charity in accordance with the agreed aims and needs. The annual accounts, reports and
policy are agreed by the Trustees. The work is carried out by the Trustees on a voluntary
basis and no salaries are paid. The Charity does not employ any staff and any work for the
Charity is done by volunteers.
The trustees are duly elected and co-opted under the terms of the Declaration of Trust. New
trustees are recruited from voluntary organizations known to the Charity. The new trustees
are given all the necessary information about the Charity, its principles and objectives. They
are briefed on their role and responsibilities based on the guidance from the Charities
Commission on the role of trustees.
Risk Management
The Trustees have examined the major strategic and operational risks which the Charity
fa￿S and can confirm that systems are in place to enable regular reports to be produced so
that the necessary steps can be taken to reduce these risks if and when they arise.
Related parties
The Charity receives generous donations from Trustees.

THAMES FOUNDATION
Trustees, responsibilities in the preparation of 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 requires trustee(s) 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 then apply them consistently"
Observe the methods and principles of the Charities SORP.,
Make judgements and estimates that are reasonable and prudent:
State whether applicable accounting standards have been followed, subject to any
departures disclosed and explained in the financial statements., and
Prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue to do business.
The Trustees are satisfied that they have complied with the duty in Section 4 of the 2011
Charities Act to have due regard to guidance published by the Charities Commission
including public benefit guidance.
The Trustees are responsible for keeping accounting records, which disclose with
reasonable accuracy the financial position of the charity and enable them to ascertain and
to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Declaration of Trust.
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.
The Trustees believe the Financial Statements for the year ending 31 St December 2024 have
been prepared in accordance with the above responsibilities.
Approved by the Trustees and Signed on their behalf by:
Signature".
Name of trustee
H . cdtP klsK) VIthA
DATE 2 Istr C)cr 2G2f

THAN￿s FOUNDATION
Independent Examiner's Report to the Trustees of Thames Foundation
I report to the Truslees on my examination of the accounts of the Thames Foundation (the Charity) for the year
ended 31st December 2024.
This report is made solely to the charity's trustees, as a body, in accordance with Ihe Charities Act 2011. My
work has been undertaken so thal I might state lo the charity's trustees those matters l am required lo stale to
them in an independent examinerfs report and for no other purpose. To the fullest exlenl permitted by law, I do
not accept or assume responsibility lo anyone other than the charity and the charity's trustees as a body, for my
Independent Examination, for Ihis report, or for the opinions I have formed.
Responsibilities and Basis of Report
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance
with the requirernenls of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the
2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5){b) of Ihe 2011 Act.
Independent Examiner's Ststement
Sincelhe charity's gross income exceeded £250.000 your examiner must be a memberofa body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of
ICAEW, which is one of the listed bodies.
Your attention is drawn lo Ihe fact that the charity has prepared ftnancial statements in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS 102) in preference to the Accounting and Reporting
by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant
regulations but has now been withdrawn.
l understand that this has been done in order for financial slalemenls to provide a true and fairview in accordance
wilh Generally Accepted Accounting Practice effective for reporting periods beginning on or afier 1 January 2015.
I have completed my examination. I confirm that T)0 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 2011 Act.,
or
2 the financial slalemenls do not accord with those records-, or
3 the financial statements do not compw with the applicable requirements conceming the form and
contenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that Ihe accounts give a true and fair view which is not a maller considered as part of an
independent examination_
I have no concerns and have come across no other matters in connection with Ihe examination lo which attention
should be drawn in this report in orderlo enable a proper understanding ofthe financial statements lo be reached.
Samir Shah FCA, ATII
Ramon Lee Ltd
Chartered Accountants
93 Tabernacle Street
London
EC2A 4BA
Date..
2£

THAMES FOUNDATION
Statement of Financial Activities
For the year ending 31st December 2024
Notes
General Fund
Restrlcted Fund
Total 2024
Total 2023
INCOME
Donations and gifts
341,179
341.179
318,674
Legacie5
Gross interest
26,542
26.542
15,231
Other income
Total incoming
resources
367,721
367,721
333 905
EXPENDITURE
Direct Charitable
Expenditure
215,054
215,054
202,433
Management and
Administration
Others lin¢luding bank
charges)
2,888
2,888
165
80
60
Total resources
expended
218,002
218,002
202,598
Surplus I IDeficf(} of
inGome over
Expenditure transferred
to
Accumulated fund
149,719
149,719
131.307
Accumulated brought
forward 1" January
1.877.823
1,877,823
1.746,516
Accumulated fund
carried forward 31Si
December
2.027,542
2,027,542
1.877,823
CONTINUING OPERATIONS
None of Ihe Charity's activities were acquired or discontinued durbng the above two financial periods.
TOTAL RECOGNISED GAINS AND LOSSES
The Chariiy has no recognised gains or losses other than the above movement in funds for the above
financial periods.

THAMES FOUNDATION
Balance Sheet
For the year ending 315t December 2024
Notes
2024
2023
Debtors
Cash at bank ar￿ in hand
1,262,767
982,508
1,258,603
847,220
2,245,275
2,105,823
Current Llabllltieg
Accruals
Creditors
2,733
215.000
228.000
2.027,542
1,877.823
Aecumulated Fund
General Fund
At 1 January
Surplusl {deficltl for the year
1.877,823
149.719
1.746.516
131,307
2.027.542
1.877,823
Restricted Fund
At 1 January
Surplusl Ideficlt) for the year
2.027.542
1,877,823
The financial statements were approved by the Trustees on 2L* 2025 and signed on
their behalf by:
Signature of Trustee:
Signature of Trustee..
Name of Trustee:
4. v IIJA
Name of Trustee:
10

THAMES FOUNDATION
Notes to the Financial Statements
For the year ending 3181 December 2024
1. Accounting Policies
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's Declaration of Trust,
the Charities Act 2011, FRS 102"The Financial Reporting Standard applicable in the UK and Republic
of Ireland. ('FRS 102") and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements 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 the
Statement of Recommended Practice for charities applying FRS 102 rather than the version of the
Statement of Recommended Practice which is referred to in the Regulations but which has since
been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.
1.2 Going concern
The charity's Financial Statements show net surplus of £149,719 (2023 - £131,307) for the year and
free reserves of £2,027,54212023 - £1,877,823). The trustees are of the view that these results have
secured the immediate future of the charity for the next 12 to 18 months and on this basis the charity
is a going concern.
1.3 Charitable Funds
Unrestricted funds are available for projects of the charity, to be spent at the discretion of the
Trustees.
Restricted funds are monies available for specific projects being carried out by the charity and are
subject to specific conditions laid down by the donors as to how they may be used. Any subject in
restricted funds will be met from the general fund.
1.4 Income
General donations are brought into account when received and are grossed up to include the tax
recoverable.
Investment income is included when receivable.
1.5 Expenditure
Expenditure is classified under the principal categories of charitable and other expenditure rather
than types of expenses in order to produce more useful information to users of the financial
statements.

1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term
liquid investments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilits'es.
1.7 Financial instruments
The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised attransaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
1.8 Taxation
The charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on
income derived from its charitable activities, as it falls within the various exemptions available to
registered charities.
1.9 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued
income and tax recoverable is included at the best estimate of the amount receivable at the balance
sheet date.
1.10 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third party and the amount due to settle
the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
1.11 Cash flow statement
The charity qualifies as a small charity and advantage has been taken of the exemption provided by
SORP (FRS 102) not to prepare a cash flow statement.
1.12 Volunteers and donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has
control over the item, any conditions associated with the donated item have been met, the receipt of
economic benefit from the use by the charity of the item is probable and that economic benefit can
be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time
is not recognised and refers to the trustees, annual report for more information about their
contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the
value of the gift to the charity which is the amount the charity would have been willing to pay to obtain
services or facilities of equivalent economic benefit on the open market- a corresponding amount is
then recognised in expenditure in the period of receipt.
12

2. Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the revision
affects only that period, or in the period of the revision and future periods where the revision affects
both current and future periods.
3. Donations
2024
2023
Donations
99,194
132,349
Gift Aid donations
193,588
149,C60
Tax Refund
48,397
37,265
Total Donations
341,179
318674
4. Direct charitable expenditure
2024
2023
Grants to individuals
Grants to Charilies
197,555
189.933
Totsl Grants
215,054
202,433
Grants for Relief of Poverty
212,404
Granls for Educational Purposes 2,000
Grants for Medical Purposes
650
201,563
870
Total Grants
215,054
202.433
5. Net movement in funds
Net movement in funds is stated after charging independent examiner's fees of £1,080
6. Debtors
2024
2023
Gift aid claim
Loans
Total
12,767
1.250 000
1,262,767
8.603
1250 000
1,258,603
13

7. Creditors
2024
2023
Loans
Accruals.. Professional Fees
215,000
2,733
228,000
217,733
228,CQO
8. Analysis of net assets between funds
Unrestricted funds
2024
Unrestricted funds
2023
Fund balances at 31 December are
represented by:
Current assetsl{liabilities)
2,027,542
1,877,823
Total
2,027,542
1,877,823
9. Related Party Transactions
The Trustees below gave the following donations to Thames Foundation. Both were regular donors
prior to accepting the role of trustees in January 2024.
2024
2023
Dr. Anne Williams
Helen Shaw
20,120
3,100
5,120
9,560
14