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← Bedgebury Foundation Trustee Company

2025-08-31-accounts

Registered Charity number: 1089801 Registered Company number: 04259130

THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

TRUSTEE’S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

CONTENTS

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Page
Trustees’ Report 4
Report ofthe Independent Examiner 10
Consolidated Statement of Financial Activities 11
Consolidated Balance Sheet 12
NotestotheFinancialStatements 13

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Fe The Trustees, who are also the directors of the charitable company for the purposes of the Companies Act 2006, present their report and the unaudited financial statements of The Bedgebury Foundation Trustee Company for the year ended 31 August 2025.

The Trustees confirm that the report and financial statements of the charitable company comply with the Charities Act 2011, the Companies Act 2006, the requirements of the governing document, and the provisions of "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)" (Charities SORP (FRS 102)).

Objectives and activities

The Bedgebury Foundation Trustee Company has no activities of its own and acts as sole corporate Trustee of The Bedgebury Foundation (“the charity”), charity number 306306.

The Trustees of The Bedgebury Foundation Trustee Company agreed the following objects for The Bedgebury Foundation with the Charity Commission in the scheme dated 31 August 2007.

The charitable company is for the benefit of the public to advance education and training in accordance with the principles and practices of the Church of England through any or all of the following means:

The principal activity of the charitable company in the year under review was that of making grants for the benefit of young people through the first two means. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake through the charity.

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Distribution of funding 2024/25
SchootPartnerships x3 \ | grantsSeed fundingx 2
rants \
\
inspiring Young
Teacher & — Mindsx 15
Trainingx 16 grants
grants
ett eiél School Farteershps = «Seed Funding
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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

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The charitable company evaluates the outcomes achieved by grants each summer mostly looking at awards made in the previous year. The following outcomes refer to grants awarded in the year to 31 August 2024 and most of the activities were undertaken in the current year to 31 August 2025.

Inspiring Young Minds

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In 2024-25 grants were awarded through the IYM fund for speech and language initiatives. Five of the
grants awarded were for Board Game initiatives, the rest were a combination of speech and language
therapist support, language link and other software packages and one school rana storytelling project.
“when | go to speech and language intervention | feel | can communicate my feelings after having been
to the session" (pupil)
Beneficiary "Playing board game sessions with Mr M
fs Breakdown really helps me stress out less, helps me
r\ = thefocus rest and ofputsthe day"me in (yeara better9 pupil)mood for
All schools stated the grant had provided
a legacy beyond the year of support for
both children and the teacher learning
uKST #KS2 eXS3 aXS4 strategies to support those children.
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Teaching and Training

The Teaching and Training grants can be roughly split into short courses for one or a group of staff usually with Continuing Professional Development (CPD) accreditation or longer courses at level 5 to Masters level. All courses contribute to long term transferable skills into state schools and the longer courses may not be completed for several years after the award of a grant.

We review the impact of Teacher and Training grants when the training has been completed — this can take several years. 14 grant applicants completed their courses in this financial year. The applicants had undertaken the following training:

Below are some examples of how young people have benefitted from the training funded:

Positive behaviour management: “Reduced injuries in SEN Hub...due to these reductions children were able to learn in a calm environment, leading to more academic progress.”

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Attachment and trauma training: “the children are noticeably happier, more settled, and emotionally secure. This positive transformation is largely due to the high-quality trauma-informed training delivered by DT. The impact of DT’s work is evident across the school and continues to shape a more inclusive and emotionally intelligent learning community.”

BSL: “Improved literacy - by presenting whole school assemblies using sign language, the pupils are exposed to an alternative language. Improved emotional wellbeing — we have seen an increase in children participating in lessons. Improved engagement — the children now greet me at the gate using sign language and parents have commented on how they are using their new signing skills at home and in the community.”

Makaton: “For those children who have more complex needs teaching them Makaton has beena joy. They have gone from not much communication to now being able to communicate their needs and wants.”

School Partnerships

The Foundation has looked at different ways of reaching more children effectively and from 2022 has been piloting significant multiyear grants to schools with pupils facing multiple and complex challenges. The schools were selected using publicly available data and the Foundation was looking for engaged and forward-thinking leadership teams.

Hartsdown Academy in Margate

In 2022 Hartsdown Academy's accepted proposal to the Foundation was to develop a whole school approach to supporting children with their social, emotional and mental health needs (SEMH) alongside a continuum of provision for those with greater levels of SEMH challenges.

The school made some impressive progress during the three-year grant period, they have moved from Requires Improvement to Good. In what was to be the final year of the grant, they increased the number of trained Thrive practitioners and now have 8 Thrive practitioners and 4 who have additional training in Family Thrive. Alongside Thrive they have been receiving support around relational practice from a consultant, which has focused on students, school leaders and staff as well as parents.

They are experiencing improved academic performance and were able to demonstrate this with statistics, student behaviour management has changed and has improved as a result and again this was evidenced with statistics. Parental engagement is also improving. They are working towards being a Thrive centre of excellence and regularly receive visits from other schools. An additional small grant was awarded to the school for a fourth and final partnership year.

St John’s Church of England Primary School in Canterbury

In 2022 St John’s accepted proposal to the Foundation was to improve assessment methods and training to identify Special Educational Needs at the earliest opportunity and enable suitable provision to be provided.

St John’s have 7 practitioners and have now been implementing Thrive properly for a year, so they are still at early stages with measuring data, but over half the children who have taken part in Thrive interventions have moved on three strands, which is significant progress.

Other initiatives funded by the Foundation include Wellcomm, Language Link and Speech Link, these are now all working well. The Foundation has also funded Speech Therapy and Play Therapy, which have benefitted 19 children in the final year of the grant. Benefits of the speech therapy included reducing wait times for parents to get interventions in place for their children, additional classroom resources for teaching staff and one child has now been able to move to a more suitable school placement, following reports made by the speech therapist.

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

nies

The school stressed that the biggest legacy of the funding was Thrive and they will continue to implement Thrive in coming years. This partnership has now come to an end, although St John’s will continue to host visits with other schools to share learning from the grant.

Christ Church Academy, St Leonards

This year the Foundation entered into a new three-year partnership with Christ Church Academy. Christ Church is a primary school with a particularly high number of students who have English as an additional language (EAL). Their proposal to the Foundation centred around a three-year speech and language programme. Funding was agreed at the end of the financial year, with the project starting in September 2025.

Seed funding programme

The seed funding programme is new and offers small grants to charities/CICs who wish to plug some missing expertise in schools to assist children of any age with additional needs. Funding offers the charity/CIC the opportunity to build evidence to support an innovative idea. The Trustee doesn't invite applications to this fund, instead potential applicants are researched and approached.

This year, two seed funding grants have been awarded for innovative projects; one around bereavement and a music project. They will be reviewed and evaluated in August 2026.

Environment, Social and Governance (ESG)

The trustees aim to meet the charity’s objects and commitment to beneficiaries in a manner which follows best practice in terms of ESG.

The Foundation has appointed professional investment advisers, RBC Brewin Dolphin, to manage its. investments. Their choice of equity investments is subject to ESG screening and RBC Brewin Dolphin itself is a responsible investor considering sustainability, ethics, human rights, workplace safety, emissions, deforestation, and many other similar facts in their investment decision making.

The trustees strive to reach those on the furthest edge of education whether that place be driven by deprivation, additional learning needs or by emotional trauma. Many of the grants also have environmental benefits such as Forest School equipment and training.

The trustees are committed to good governance and policies and procedures are informed by guidance and training from the Charities Commission, the association of Charitable Foundations, Charity Finance Group. The charitable company adopts the principles set out in the Charity Governance Code underpinned by a competent, informed and engaged board of trustees.

Investment policy and performance

The charitable company has the power to invest in any way the trustees see fit. The Foundation’s Endowment Fund is invested in a medium risk portfolio which has due regard to its status as a charitable company and its connections with the Church of England. In liaison with RBC Brewin Doiphin, the trustees have identified several ethical exclusions along with positive inclusions for organisations that invest in vocational training.

Following the decision by the trustees to adopt a Total Return Basis for managing the Foundation’s funds from the 31 August 2021 the Statement of Investment Policy has been updated to enable RBC Brewin Dolphin to achieve the new policy objectives by focusing on capital and income growth rather than needing to maximise income flows. The single portfolio is managed at risk level 6, with a higher level of investments held in equities with the aim of achieving higher returns in the long term.

The trustees were pleased to see investment gains this year that offset most of the investment losses of the last two years. The Total Return net of management fees was 5.85% (2024: 12.7%) resulting in

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

a £197,244 gain (2024: £509,338 gain). The trustees note that the markets remain volatile and uncertain given the possible impacts of global changes of leadership and unresolved conflicts.

Within the total return income was 2.65% of the value of the portfolio at the start of the financial year (2024: 3%). In absolute terms, investment income decreased in 2025 to £143,274 (2024: £149,187).

Key policies

The trustees have policies regarding Equal Opportunities and Safeguarding.

Risk Management

The trustees have a duty to identify and review the risks to which the charitable company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. An extensive review of the risk register took place during the year with high risks and associated mitigating actions tabled at each board meeting.

General Data Protection Regulation (GDPR)

The privacy statement is kept up to date and is available to all grant applicants and others whose data is held by the charitable company. Legal advice has previously been sought to establish retention periods for historical school records.

Financial review

The overall results of the charitable company are shown on page 10.

There was a small reduction in income related to investment performance £143,274 (2024: £149,187).

The cost of providing charitable activities increased to £226,721 this year (2024: £171,430). The increase comprises a growth in net grant making to £184,886 (2024: £139,728). The trustees are gradually increasing grant making but grants withdrawn remain higher than they would like. These usually arise because the grant holder no longer wants to undertake an activity, for example training. It is rarely a punitive action. Operating costs increased slightly, due to a handover period between the outgoing and incoming Directors.

Unrestricted funds worth £72,018 were held at the year-end (2024: £105,989).

Restricted reserves increased slightly to £19,018 (2024: £18,106) due only to an interest payment.

As at the year end, the Endowment Funds totalled £5,443,107 (2024: £5,336,106) and is discussed further below.

The underlying activities and events that have had direct impact on income and expenditure of the charitable company have been discussed in detail elsewhere in this report, in particular in Achievements and Performance and in Investment Policy and Performance.

Endowment Reserves under Total Return Accounting

The trustees elected to adopt the total return accounting policy for endowment funds with effect from 31 August 2021. The initial Trust for Investment was established at £3,745,987.

The trustees intend to allocate from the Unapplied Total Return (UTR) to unrestricted funds such sums as the trustees think appropriate in furtherance of its work. In making these transfers the charitable comapny will seek both to be even-handed as between current and future beneficiaries and to maintain the balance of the UTR at an appropriate level considering the volatility of investment markets and inflation.

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The trustees will protect the interest of future beneficiaries by making a transfer from the UTR to the Trust for Investment (Tforl) going forward. Any transfer from Unapplied Total Return to the Trust for Investment must be capped at the cumulative Consumer Price Index (CPI) to comply with Charities Commission guidance on applying Total Return Accounting. The Reserves Policy requires that over a three-year rolling period a transfer equivalent to at least half of CPI% over the same period should be made. In the year to 31 August 2023 CPI as of 31 August 2023 was 6.7%, the trustees decided not to make any transfer to best balance current and future needs of beneficiaries. Last year to 31 August 2024, the portfolio experienced good capital growth, and the trustees decided that greater protection of future beneficiaries was required. Consequently, a transfer equivalent to the prevailing CPI of 2.2% (£90,499) was made from the UTR into the Trust for Investment. This year in line with the prevailing CPI a transfer of 3.8% was made (£159,747). This equates over a three-year period to be 6%, which is just below the minimum transfer required by the reserves policy of 6.3%.

The trustees have set a target reserve policy for the UTR and General Fund equivalent to the value of any grant offers not provided for in the accounts plus operating costs for one year plus 5% of the value of the Trust for Investment to allow for any downward investment market pressures. This is achieved through determining the transfer to Trust for Investment and the level.of grant making. As of 31 August 2025, this equated to minimum reserves of £329,000. The minimum rather than a target reserve policy allows a prudent spend plan of any excess UTR over several years.

The Unapplied Total Return stood at £1,080,124 (2024: £1,132,215) and the General Fund £72,018 (2024: £105,989) giving a total of £1,152,142 (2024: £1,238,204). The total is well above the minimum reserve policy.

Plans for future periods

In 2025 the trustees reviewed the grant making strategy with the objective to reach more young people in need, reduce the administrative burden of grant making and develop an appropriate spending plan for the UTR. The trustees will continue grant making via schools under the current programmes. Grants totalling just over £200,000 are likely for the next 4 years. The trustees are confident the reserve levels already discussed will support this level of grant making. For 2025-2026 Inspiring Young Minds and the Teacher and Training programmes will continue and the Schools Partnership programme will be extended to at least one additional school.

Structure, governance and management

The charitable company is controlled by its governing document, its Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The entities covered by these financial statements are:

The Bedgebury Foundation Trustee Company Limited (Company no: 04259130, Charity Commission no:1089801) and The Bedgebury Foundation (Charity Commission no: 306306). These entities have been consolidated under the requirements of the Statement of Recommended Practice, effective January 2019, and relevant accounting standards.

The parent entity, by virtue of it being the Corporate Trustee of The Bedgebury Foundation, is the Bedgebury Foundation Trustee Company, a company limited by guarantee and not having a share capital, and which is a registered charity governed by its memorandum and articles of association. The directors of the corporate charity are its Trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustees.

The Trustees and members of the Trustee, the Bedgebury Foundation Trustee Company, who served during the year and up to the date of signature of the financial statements were:

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

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P A Haines R Hardingham (resigned 17 July 2025)

H McGill A Musker

The Trustee Board meets at least four times each year and is chaired by | Dodds. The Trustee Board consider the business of the charitable comapny and approves grants for distribution. Day to day management of the charitable company is delegated to the Company Secretary of the Bedgebury Foundation Trustee Company, Claire Haffenden. During the period covered by this report, the Company Secretary changed, so The Bedgebury Foundation operated from two offices — one in Canterbury and one in Pembury, Kent. From September 2025 the Foundation reverted to one office in Canterbury. Vacancies on the Trustee Board of BFTC are advertised with an indication of the particular skills required at that time, candidates are interviewed by at least two Trustees and appointed by a majority vote of ail trustees.

Organisational structure

The Bedgebury Foundation Trustee Company is the sole trustee of the charity The Bedgebury Foundation (Charity number 306306). The control and overall management of the charity is exercised by the Trustee Board in accordance with the Memorandum and Articles of the Bedgebury Foundation Trustee Company. During the period two sub-committees have operated:

Reference and administrative information

Secretary C Kellett Registered charity number 1089801 Registered company number 04259130 Principal office address Little Woodham House Nash, Ash Canterbury Kent CT3 2JX

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Independent examiner J Mathieson FCA Lindeyer Francis Ferguson Limited North House 198 High Street Tonbridge Kent TN9 1BE Principal bankers National Westminster Bank plc High Street Cranbrook Kent TN17 3EA Scottish Widows Bank plc PO Box 12757 67 Morrison Street Edinburgh EH3 8YJ CCLA Senator House 85 Queen Victoria Street London EC4V 4ET Investment advisers RBC Brewin Dolphin Limited 12 Smithfield Street London EC1A 9BD.

Statement of Trustee’s Responsibilities

The trustees, who are also the directors of The Bedgebury Foundation Trustee Company for the purpose of company law, are responsible for preparing the Annual Report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law they have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these accounts, the directors are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions, disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006.

They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the company and to prevent and detect fraud and other irregularities.

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025 This report was approved by the Trustee on Bats Ao reuene 2026 and signed on ite behalf by: | Dodds Chairman

THE BEDGEBURY FOUNDATION TRUSTEE COMPANY INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

| report to the charity directors on my examination of the accounts of the charitable company for the year ended 31 August 2025.

Respective responsibilities and basis of report

As the trustees of the charitable company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the company’s accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

i have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report and in order to enable proper understanding of the accounts to be reached.

¥ - J Mathie FCA Lindeyer Francis Ferguson Limited North House, 198 High Street

Tonbridge, Kent TN9 1BE Date: Don] 26..

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

2025 2025 2025 2025 2024
Unrestricted Restricted Endowment Total Total
funds funds funds funds funds
£ £ £ £ £
Note
Income from:
Investments - 912 142,362 143,274 149,187
Total income 3 - 912 142,362 143,274 149,187
Expenditure on:
Raising funds 7,250 - 32,605 39,855 36,511
Charitable activities 226,721 - - 226,721 171,430
Total expenditure 4 233,971 - 32,605 266,576 207,941
Netgains / (losses) on
investments 8 - - 197,244 197,244 509,338
Net income ( 233,971) 912 307,001 73,942 450,584
Transfers between funds 13 200,000 - ( 200,000) - -
Netmovement infunds ( 33,971) 912 107,001 73,942 450,584
Reconciliation offunds:
Total funds:
Brought forward 105,989 18,106 5,336,106 5,460,201 5,009,617
Carriedforward 13 72,018 19,018 5,443,107 5,534,143 5,460,201

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2028

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Group 2026 2026 2024 2024
ae restated
Note £ & £ E
Fixed aasete
Tangible assets 7 643 3
Listed investrents bi §.490,333 5,382,052
5,490,876 5,382,052
Current assets
Dividends recenable 15,662 16,892
Cash at bank and in hand 133,207 162,057
148 866 176,948
Current liabilities
Creditors:
amounts falling due wkhn ene year 5 { T7,722) { 100,809)
Net current assets 77,167 78,348
Total assets jess current ilabilities 6,582,143 5.486.201
Crodifore: amounts fating due ater more
than one year 10 { 28,0003 .
Total nat asaets §.534,143 6,480,264
iii ee
The funds of the charity
Endowment funds 5.443107 5,338,106
Restricted funds 19,078 48.106
Unrestricted funds 72,048 105,989
13 5,534,143 5,460,201
sn =e
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Results for the Company only

No seperate Statemeni of Finance! Activities has been presented for the company as permiited under section 408 of the Companies Act 2006. The company has no income or expenditure for the current year. The company has ne assets. Sabilities or funds and accordingly no company Balance Sheet has been For the financial year ended 31 August 2026 the chaniahle company was enthled to exemption from audit under section 477 Companies Act 2006 retating to smuli companies. Cévectors’ responaibiltias:

~ The inustees, who are aiso the directors of the chalabie company for the purposes of company faw, acknowledge ther responaitiities for complying with the requirements of the Act with respect to accounting records and the preparalion of the financial statements.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Compenies Act 2006 relating to emak chartable companies.

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The financial stalements were approved by the Bosrd of Trustees on OL! | foo26 and signed on its
behalf by-
!Dodds - Chairman Company number: 04259430
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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1 Status The Bedgebury Foundation Trustee Company is a private company limited by guarantee incorporated in England and Wales. The registered office is Little Woodham House, Nash, Ash, Canterbury, Kent CT3 2JX.

2 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2.1 Basis of preparation

The consolidated financial statements have been prepared in accordance with "Accounting and Reporting to Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard apphcable in the United Kingdom and Republic of Ireland (FRS 102)" (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the requirements of the Companies Act 2006 and the Charities Act 2011.

The Bedgebury Foundation Trustee Company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

There are no material uncertainties about the charity's ability to continue, and so the going concern basis of accounting has been adopted.

The financial statements are presented in pounds sterling and rounded to the nearest pound.

2.3 Income Income is recognised when the charity it legally entitled to it, receipt is considered probable, and the amount can be measured reliably.

Income from investments relates to interest which is recognised in the period to which it relates, and dividends which are recognised on receipt.

2.4 Expenditure

Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. All expenditure is accounted for on an accruals basis.

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

eee

2.4 Expenditure continued

Grants payable are recognised as liabilities when communicated in writing to the recipient, except where the offer is conditional and fulfilment of the conditions is not considered probable, or where meeting the conditions is not within the control of the recipient. In these circumstances, the grant is recognised when the conditions have been met. Commitments for performance related grants are recognised to the extent that the performance related criteria are met.

Expenditure has been classified under headings that aggregate all costs related to the category.

Support costs are those relating to functions which assist the work of the charity but do not directly relate to its activities. Support costs have been allocated to raising funds and charitable activities on the basis of estimated usage: raising funds 20%, grantmaking activity 70%, old school 10%.

2.5 Pension contributions The charity operates a defined contribution salary sacrifice pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 2.6 Investments Investments are initially recognised at their transaction value and subsequently measured that their fair value as at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. Unlisted investments are held at cost less impairment. 2.7 Other financial Instruments The charity only has financial instruments of a kind that qualify as basic financial instruments. Short term debtors, prepayments and creditors are measured at their settlement value.

Assets costing less than £500 are not capitalised.Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated realisable value of each asset over its expected useful economic life, as follows:

Office Equipment 20% straight line

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustee.

Restricted funds are funds which are to be used in accordance with specific conditions imposed by the donor or which have been raised for specific purposes. Endowment funds are permanent capital arising from the sale of Bedgebury School by the predecessor charity. The fund may only be expended on the costs of maintaining the capital. A total return accounting policy has been adopted for the endowment fund.

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

eee

4 Total expenditure
Direct Support
costs costs Total Total
2025 2025 2025 2024
£ £ £ £
Expenditure on raising funds 32,605 7,250 39,855 36,511
Expenditure on charitable activities:
Grant-making 192,741 25,374 218,115 164,265
Old School 4,981 3,625 8,606 7,165
230,327 36,249 266,576 207,941
Direct costs comprise:
Investment managementfees 32,605 31,612
Grants awarded (see Note 5) 184,886 139,728
Software licences
Insurance		 5,638
2,868		 5,171
2,765
Premisesand othercosts 4,330 4,171
230,327 183,447
Support costs comprise:
Officeand staffcosts 32,322 20,947
Finance costs 66 67
Depreciation 72 -
Governance costs:
Independentexamination 2,030 2,150
Accounts preparation 1,390 1,330
Trustees’ expenses 369 -
36,249 24,494

In the prior year, expenditure of £Nil was applied to restricted funds and £31,612 was applied to endowment funds.

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

ee

5 Grants payable
To To
Individuals Institutions Total Total
2025 2025 2025 2024
£ £ £ £
Grantcommitments broughtforward 4,000 87,036 91,036 147,064
Newgrantsawarded - 193,482 193,482 174,041
Grants withdrawn or refused
Grants paid		 (1,612)
( 2,388)		 ( 6,984)
( 177,046)		 ( 8,596)
( 179,434)		 ( 34,313)
( 195,756)
Grantcommitments carriedforward - 96,488 96,488 91,036
ee

£28,000 of the grant commitments carried forward are payable in more than one year.

The number of grants made during the year to institutions was 40 (2024: 50) and no new grants were made in the current nor preceding year to individuals.

Employees
Total Total
2025 2024
£ £
Staffcosts comprise:
Wagesand salaries 30,096 19,341
Employer's pension contributions 2,226 1,606
32,322 20,947

During the year the average monthly number of employees was 2 (2024: 1). No employees had remuneration in excess of £60,000 in the current nor preceding period.

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THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

7 Tangible fixed assets Tangible fixed assets Office
Equipment
£
Cost
At 1 September 2024 -
Additions 716
At 31 August2025 715
Depreciation
At 1 September2024 -
Charge forthe year 72
At31 August2025 72
Net book value
At31 August2025 643
At 31 August2024 -
& Listed investments
£
At fair value:
At 1 September 2024 §,321,126
Additions at cost 1,552,882
Disposals atcarrying value ( 1,697,023)
Unrealised change in marketvalue 233,415
At31 August2025 5,410,400
Cash equivalents at 1 September2024 (as restated) 60,926
Movement in cash heid forinvestments 19,007
Cash equivalents at31 August2025 79,933
Totallistedinvestmentsat31August2025 5,490,333

During the year realised losses on disposal were £36,171 and unrealised gains due to changes in market value were £233,415 giving net gains of £197,244 (2024: gains of £72,926 and £436,412 respectively giving net gains of £509,338).

The listed investments have a historical cost of £4,593,102 (2024: £4,776,953). Investments held outside the United Kingdom havea fair value of £3,449,432 (2024: £3,401 ,745).

During the preparation of these financial statements, prior period investment portfolio cash balances of £60,926 have been restated to investments from cash at bank.

17

THE BEDGEBURY FOUNDATION TRUSTEE COMPANY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

555

9 Creditors: amounts falling due within one year

9 Creditors: amounts falling due withinwithin one yearyear
2025 2024
£ £
Grantcommitments (see Note 5) 68,488 91,036
Othercreditors 292 1,041
Accruals and deferred income 8,942 8,723
77,722 100,800
10 Creditors: amounts falling duewithin oneyear
2025 2024
£ £
Grantcommitments (see Note 5) 28,000 -
28,000 -

11. Related party transactions

The key management personnel of the charity is considered to be the Trustees.

The Trustee did not receive any remuneration or benefits during the period nor during the preceding period.

12 Analysis of net assets between funds

Unrestricted Restricted Endowment Total
Currentyear funds funds funds funds
£ £ £ £
Fixed assets
Investments		 643
-		 -
-		 -
5,490,333		 643
5,490,333
Netassets 99,375 19,018 ( 47,226) 71,167
Non-current liabilities ( 28,000) - - (28,000)
Total net assets 72,018 19,018 5,443,107 5,534,143
Unrestricted Restricted Endowment Total
Prioryear funds funds funds funds
£ £ £ £
Investments - . 5,382,052 5,382,052
Netcurrent assets 105,989 18,106 ( 45,946) 78,149
Totalnetassets 105,989 18,106 5,336,106 5,460,201

18

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