Charity number: 1090668 THE JOHN THAW FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
THE JOHN THAW FOUNDATION CONTENTS Pag8 Reference and administrative details of the charity, its Irustees and advlsers Trustees. report Independent examlnevs report Statement of financlal actlvities Balanco sheet Notes to the financial statements 10-20
THE JOHN THAW FOUNDATION REFERENCE AND ADMINISTrATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 28 FEBRUARY 2025 Trustoes Sheila HanccKk. Trustee Helen Cotterill, Trustee Clare Vidal-Hall, Trustee Abigail Thaw, Trustee Julie Linda Martine Legrand, Trustee Lola Isobel Byam Shaw. Trustee Flavia Rittner, Trustee (appointed 21 March 2025) Nell Vivian Bartlott. Trustee (appointed 5 March 2025) Charity registered number 1090668 Prlnclpal offlce 60 Colegrave Road. London, E15 1 ED Accountants Donald Reid Limited, 1010 Eskdale Road. Winnersh. Wokingham, RG415TS Bankers HSBC, 22 Victoria Street, Westmlnster, London, SW1 H ONJ Independent examlners FLB Audlt LLP. 1010 Eskdale Road. Winnersh, Wd(ingham. RG415TS Pag8 1
THE JOHN THAW FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025 Th8 Trustees have pleasure In submitting their annual report together with the unaudited financlal statemenls of the charity for the year 1 March 2024 to 28 February 2025. Th8 financial ststements have been prepared in accordance with the arxounting policies set out in Note 1 to the accounts and comply with the Charitys trust deed and appllcable law. Objectives and Activities a. Policies and objectlves The Foundation was established by declaration of TnJ5t dated 15 January 2002. b. A¢tlvltles for achieving objectlves It's objects are: supporting underprlvileged. disadvantaged children and young people In whatever way the Trustees in their discretion see fit. c. Main activities undertaken to further the charitys purposes The Truslees, policy has been to allocate a large percentage of Ihe remainSng funds each year, rather than saving it for consideration durlng future meetings, as it is so clearfy needed urgently now. The range in amount of each donation remained in the region of £500 - £4.000. The Trustees are aware that the Foundation's nam8 encourages other funders and the confidence that gives in a budget will help the group gamer additlonal funds elsewh8re. They therefore continue to invest their limited funds in smaller amounts to more groups. continuing to give prlorlty to those for whom our donation will make a 51gnificant difference. Active fundraising is not usually carried out. The charity continues to be fund8d from generous donations received. Achiovements and perfomiance The Foundallon continues to provid8 financial support for projects and organisatlons that help disadvanlag8d, underprtvllaged children and young people. Whilst many of the projects chosen for support mighl use performance and the arts, the PTimary purpose is nol lo offer tralning for work in the m8di8. Projects are chosen to enable participants to learn skillsets and assume qualitie5 that will help them Sn thelr prasent and adult life. The essense is to broaden opportunities. and perspectives- and help them move towards parity wilh their more fortunate peers. We continue to request feedback from supported projects. and reports this year have again shown funds were put to excellent. and much appreciated use. Th8 Trustees have compiled wilh the duty In s17(5) of the Charllles Act 2011 to have due regard to the Charity Commission's Public Benefit guidance when exercising any relevant powers or duties. Page 2
THE JOHN THAW FOUNDATION TRUSTEES. REPORT Icontlnued) FOR THE YEAR ENDED 28 FEBRUARY 2025 Flnanclal review As before. the funds that the Foundation offers in grants have come prlmarily from the personal support of Trustee Shella Hancock. with a few people offertng small monthly contributions. However, in May 2021 it was given £50,000 by Broadway Producer John Gore. an admirer of John's work, with the intention it cover the next ten years at £5k a year tovRrds running costs. The funds are therefore ring fenced for annual use until the len years expire. Ganerous donations were receiv8d during the financial perlod, logether with Gift Aid. lotalling £190.493 (2024: £52,155). Of that amount £136.981 was spent on the Charits activities, with £132.123 being donated (2024: £112.832), as analysed in the notes to the accounts. There was a net increase in funds during the year of £53.512 (2024= net decrease of £67,203), resultlng In total funds held as at Ihe balance sheel date of £97,569 (2024.. £44.057). Of thal amount. £30,000 was h81d as Designated Funds and the remaining balance as Unrestricted Funds. a. Principal risks and uncertalntles The Trustees recognise the uncertainty chariti8s face currently and a150 the need lo protect the Foundation's funds. They have resolved Ihal If a project is not fully funded at the time of applying, the Foundation 'pledges' a donation to be paid on receiving confirmation that it is has been officially greenlll. Ther& can therefore be 8 delay and in those drcumstances. the pledge is carried over into the next financial year and provided for In the accounts accordingly. b. Reserves pollcy The Trustees exGlude designated funds when considering an amount lo be held as reserv8s, as Ihey are earmarked for specific use. The Trustees have reviewed the Unrestricted Income posilion and do not consider there to be a need to requlre a set amount to be held in reserve. Accordingly. the Trustees treat the balance of Unrestricted Income Funds as being held as free reserves. The policy will continue to be regularly reviewed. Structure. governance and management Constitution The Foundation Is govemed by a board of Trustees, who are listed above and have served Ihroughout the y8ar. All Trustees will plan an aclive rde in the administration of the Charity. b. Method of appointment or election of Trustees PrOdureS io appoint new Trustees are govemed by the Foundation's deed, The Board of Trustees is aulhorised to appoint new trustees to fill vacancies arising through resignation or death of an existing truslee. Naw Trustees are selected in accordance with their Gonnecllon to the cuent trustees and the axperience and expertise fhey bring to the board. to ensure that between them they govem effectlvely and achieve the Foundation's objectives. Pag8 3
THE JOHN THAW FOUNDATION TRUSTEES. REPORT (contlnued) FOR THE YEAR ENDED 28 FEBRUARY 2025 c. Policies adopted for the induction and trainlng of Trustees The Induction of new Trustees includes the individual being provided with important Information, such as a copy of the Foundation's governing document. minutes of last Trustees, meeting and the latest approved Annual Report and Accounts. New Trustees are also asked to read the Charity Commission Publication 'The Essenllal Trustee,, and other helpful guidan which is issued by the Charlty Commission on the appointment of new Trustees and also made available on its website. d. Related party relationshlps The Foundation continues to invite 'John Thaw Foundatlon Associate Volunteers,, drawn from farnlly members or trusted friends in the industry. to cover project perfornianS when the Trustees are not able to do so personally. This has proved invaluable when assessing a request for continued. multl-year, funding. e. Rlsk managemant The Trustees regularly assess risks faced by the Foundation and consider the areas of governance, operational. financial. environmental and complian. The Trustees are satisfied that appropriate systems or procedures have been estsblishad in order lo manage those risks. Plans forfuture periods The Trustees are salisfied that thair current aims wlll meet with the Foundation's objeGtives. and so do not envisage making any changes to their policies in the near future. Page 4
THE JOHN THAW FOUNDATION TRUSTEES. REPORT (continuod) FOR THE YEAR ENDED 28 FEBRUARY 2025 Trustees. responsibilities statement The Trustees are re5pons1bla for preparing the Trustees, report and the finanGlal statements in ac¢ordan¢e wllh applicable law and United lfjngdom Accounllng Standards (United Kingdom Genetally Acpted Accounting Practice}. The law applicable to charltles in England & Wales requires the Trustees to prepare financlal 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 charlty for Ihat period. In preparlng these financial statements, th8 Trustees are required to: select suitable accounting poli(aes and then apply them consistently. observe the methods and principles in the Charities SORP. make judgments and accountlng estimates that aré reasonable and pnJd8ntr, state whether applicabl8 UK Accounting Standards have been followed. subject lo any materi81 departuras disclosed and explained in the financial slatements; prepare the financial statements on Ihe going rA)nr£rn basis unless it is inapproprlate to presume that the charlty will conlinue in operation. The TrLtstees are responsible for keeping proper accounting records that are sufficient to show and explain the charitVs transactions and dis¢lose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Gharilies Act 2011, Ihe Charity {Accounts and Reports} Regulations 2008 and the provisions of the Irusl deed. They are also responsible for safegu8rdlng the assets of the Charity and hence for taking roasonable steps for the prevention and delectlon of fraud and other irregularities. This r8port was approved by Ihe Trustees. on 8 August 2025 and signed on their b8half by: Shella Hancock Trustee Page 5
THE JOHN THAW FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 28 FEBRUARY 2025 Independent Examlne¢s Report to the Trustees of The John Thaw Foundation (the'charlty.) I report to the tharity Trustees on my examination of the accounts of the charlty for the year ended 28 February 2025. Thls report is made solely to the charivs Trustees, as a body, in a¢¢ordance wilh Part 4 of th8 Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stsle to the charftWs Trustees those matters l am required to state to Ihem in an Independent examiners report and for no olher purpose. To tha fullest extent pemiitted by law. I do not a¢pt or assume responsibility to anyone olher than the charity and the charity's TTUStees as a body. for my work or for this report. Responslbllltias and Basis of Report As the Trustees of the charlty you are responsiblo for the preparatiijn of the accounts In accordance with the requiremenls of the Charitie5 Act 2011 ('the 2011 Act.). I report in resped of my examination of the charitys accounts carried out under se¢tlon 145 of the 2011 A¢t and in Carrying out my examination I have followed all the applicable Directions given by the Charily Commission under section 145(5Xb) of the 2011 ACL Independent Examiner's Statement Your attention is drawn to the fact that the charity has prepared Ihe accounts in acrnrdance with Accounting and Reporting by Charitles.. Statement of Recommended Practice applicable to charltles preparing their accounts accordance wilh the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) In preference to the Accounting and Reporting by Charilies- Statement of Recommend8d Practlce tssued on 1 April 2005 which 15 referred to in the extant regulations but has boen withdrawn. l understand thal this has been done in order for Ihe accounts to provide a trua and fair view in accordanc8 with the Generally Accepted Acwunting Practi effeclive for reporting periods beginning on or afier 1 January 2015. I have completed my examination. I confimi that no malters. other Ihan those fully detalled below. have come to my attention in conneclion with the examlnation giving me reasonable cause to believe that In any material respect.. accounting records were nol kept In respect of the charily as required by sectlon 130 of the 2011 Acl, or the accounls do not accord wlth thos8 recuds. or the accounts do not comply with the applicable requirements concerning the form and contanl of accounts sel out in the Charllies (Accounts and Reporis) Regulations 2008 olher th8n any requlrement that tha accounts give a 'true and fairf Mew which is not a matter considered as part of an indep8ndent examinallon. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of th8 accounts to be re8¢hed. Page 6
THE JOHN THAW FOUNDATION INDEPENDENT EXAMINER'S REPORT (contlnued) FOR THE YEAR ENDED 28 FEBRUARY 2025 Slgned: Dated: 8 August 2025 21 Aug 2025 Jacqul Williams FCA FLB Audit LLP 1010 Eskdale Road Winnersh Wokingham RG415TS Page 7
THE JOHN THAW FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and18gacies 190.493 190,493 52.155 Total Income 190,493 190,493 52.155 Expenditure on: Charitable aclivities 136,981 136.981 119.358 Total expendlture 136,981 136.981 119,358 Net income l (expenditure) before other recognlsed galns and losses Net movoment in funds 53,512 53,512 53.512 53.512 (67,203) (67,2Q3) Reconclliation of funds: Total funds brought fOard 44,051 44,057 111.260 97,569 97,569 44,057 Total funds carried forward The notes on pages 10 to 20 fomi part of th8S6 financial statements. Page 8
THE JOHN THAW FOUNDATION BALANCE SHEET AS AT 28 FEBRUARY 2025 2025 2024 Nots Current assets Debtors Cash at bank and in hand 10 62,549 49.520 29, 550 28,892 112.069 58.442 Creditors: amounts falling due wilhin one year (14,500) (14.385) Net current assets 97,569 44.057 Net assets 97,569 44,057 Charlty Funds Unrestricted funds 13 97.569 44,057 Total funds 97,569 44.057 The financial statements were approved by the Twstees on 8 August 2025 and signed on their behalf, by: Sheila Hancock The notes on pages 10 lo 20 form part of these financral statements. Page 9
THE JOHN THAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Accountlng Policies 1.1 Basis of preparatlon of financlal statements The financlal statements have been prepared to give a Yrue and faif view and have departed from the Charitie5 (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fai¢ view. Thi5 departure has involved following the Charitles SORP {FRS 102} published on 16 July 2014 rather than the Accounting and Reporting by Charilies., Statement of Recommended Praclice effective from 1 April 2005 which has since been withdrawn. The financial statements have been prepared under the historical cost convention wlth ilams recognised at cost or transaction value unless otheThvise stsled in the relevant notes to these accounts. The finanGial slatements have been prepared in accordance wlth the Statement of Recommended Practi.. Accounting and Reporting by Charities prepaTlng their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) Issued on 16 July 2014 and Financial Reportlng Standard appllcabl8 in the United Kingdom and Republic of IrelarKI (FRS 102) and Charities Act 2011. The John Thaw Foundation constiiuies a public benefft entity as defined by FRS 102. 1.2 Golng concern Th8 Truslees have assessed whether the use of Going Concern is appropriate and have concluded that the charity has adequate resources and reserves to enable it to continue in operational existence for the foreseaable future and there are no material uncertalnties aboul the ¢harily's ability to continue as a going conwn and thus Ihe Trustees (x)ntinue to adopt Ihe 'going concem, basis of accounting in preparing the financial stalements. Page 10
THE JOHN THAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2Q25 Accounting Policies (contlnued) 1.3 Income All income Is recognised once the charity has entitlement to th8 income, tt 18 probable that the income will be received and the amount of income receivable can be measurod reliably. For legacies, entitlement is taken a5 the earlier of the dat8 on which either: the charily is aware that probale has been granted. the estate ha5 been finalised and notification has be8n mad8 by the executor(s) to the Trusl that a distribulion will be made, or when a dislribulion is reiVed from the estat8. Receipt of a legacy. in whole or in part, Is only considered probable wh8n the amounl can be measured reliably and the charity has been notifled of the executorfs intention to maka a distrlbution. Where legacles hava been notified to the charity, or the charity is aware of the grantlng of probate, and Ihe criteria for income recognition have nol been mel, then trie legacy is treatBd as a contingent asset and disclosed if material. Donated services or facilities are re¢ognlsed when the charity has control over the item. any conditions associated with the donated item have been met, the reoipt of economic benefit from Ihe use of the charity of the item is probable and thal economic benefft can be measured reliably. In accordance with the Charities SORP {FRS 102), the general volunteer tim8 of th8 Friends is not recognised and refer lo the Trustees, report for more infomiation about thelr contribution. On receipt. donated professional services and donated facilities are recognlsad on the basis of the value of the gift to the charily 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 recogni58d in expenditure in the perlod of receipt. Income tax recoveTable In relation to donatlons received under Gift Aid or deeds of covenant is recognised at the time of th6 donation. Income recoverable In relation to investment income is reccgnised al the tim8 the investment income is receivable. Page11
THE JOHN THAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 A¢countlng Policies (contlnued) 1.4 Expenditure Expenditure Is recognlsed once there is a legal or constructive obligation to transfer economic benefit to a Ihird pariy. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obltgalion can be measured reliably. Expenditure Is classlfied by activity. The costs of each aclivity are made up of Ihe total of direct costs and shared costs. including support costs involved in undertaking eaGh activity, Dlrect costs atiributable to a slngle activty are allocated directly to that activity. Shared costs which contribute to more than one aotivlly and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central slaff costs are allocated on the basis of tlme spent. and depreclatlon charges allocated on the portion of the assel's use. Support costs are those costs incurred direcuy in support of expendlture on the objects of the charity and include project management carried out at Headquarters. Governanc8 cosls are those incurred in connection with administratKin of Ihe charity and compliance with conslltulional and statutory requirements. Charitable activities and Governance costs are costs inGurred on the CharItS operatlons. Including support costs and cosls relating to the governance of the charily apportioned to charilable adivllies. Grants payable are charged in th8 year when the offer is made except in those cases where the offer is conditional. such grants b8ing iecognised as expendiiure when the conditions attaching are fulfilled. Grants offered subjed to condÉtions vthich have not been met at the year end are noted as a commilment. but not a[rUed as expenditure. 1.5 Interest recoivable Interest on funds held on deposlt Is included when receivable and the amount can be measured reliably by the charity,. thi5 is normally upon notification of the interast paid or payable by the Bank. 1.6 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.7 Cash at Bank and In hand Cash at bank and in hand includes sh and short tem hlghly Ilquid investments with a short maturity of three months or less from the date of acquisition or oponlng of the deposit or simllar account. 1.8 Liabilities and provlslons Liabilities ar8 r8cognised when there is an obligation at the Balance sheèt date as a result of a past event, it Is probable that a Iransfer of economic benefit will be required In settlement, and the amount of the settlement can be eslimated reliably. Liabilities are recognised at th8 amount that the charity anticipates it will pay to settle the debt or the amount il has reIVed as advancad payments for the goods or servlces it must provide. Provisions are measured at the best estlmate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liabilily. The unwinding of the discount is recognised within interesl payable and similar charges. Page 12
THE JOHN THAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Accounting Policies (contlnued) 1.9 Flnanclal Instruments The charity only has financial assels and finandal liabilities of a klnd that qualify as basic financial instruments. Basic financial instruments are initially recogni5ed at Iransaction 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. 1.10 Fund accounting General funds are uniestrf¢ted funds which are available far use at the discrelion of the Trustees In furtherance of the general obje¢tlves of the charity and whl¢h have not been designated for oth8r purposes. Designated funds comprise unrestriGled funds that have been set aside by the Trustees for partlcular purposes. The aim and use of each designated fund is set out In the notes to the financlal statements. Donations Unrestricted funds 2025 Total tunds 2025 Total lunds 2024 Cash donations from one individual Cash donations of £1.000 or less Gift Aid 150,000 2,489 38,004 150,000 2,489 38,004 35, 000 8,405 8, 750 Total donallons and legacles 190.493 190,493 52, 155 Total 2024 52, 155 52,155 Analysis of Expenditure by expenditure type Other costs 2025 Total 2025 Total 2024 Grant making activities Governance costs 134,231 2,750 134.231 2,750 114,973 4,385 136,981 136,981 119,358 Total 2024 119,358 119,358 Page 13
THE JOHN THAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Grant making - Donatlons made: 2025 2024 Abram Wilson Acta Action for Kids Alexandra Park and palace Almeida Theatre Angel Shed Ark-T Centre Arts Emergency Autin Dance Awards for Young Magicians Babbasa Babbling Vagabonds Ballet Lorent Basecamp Baseless Fabrlc Theatre Big Brum Theatre in Education Birmingham Royal Ballet Boxing Futures Breadwinners Foundation Breaking Barriers Bridge Foundation Carers Support Kent Changing Tunes Chlldren's Literacy Foundatlc City of Birmingham Clearvision Clothing Solutions Clown Without Borders Community Revival Community Welfare Seniices Country Trust Creative Youth NetworS Crowded Room Deans & Signals Debate Mate School De La Warr Pavilion Discovery Doncaster Youth Group Dre5sability Drum Works CIC Dunsler Festival Eastside Community Elfrda Camden Elysium Theatre Empire Fighting Chan English Touring Opera English Natlonal Opera First Story Fuel Productions Fun 4 Kids Gabrieli 1.000 1,000 2,000 1,000 1,000 1,000 1.000 3,000 1,000 1,000 1,000 1.000 2,000 1,000 1.000 500 1.000 1.500 1.500 2.000 1.000 1,000 1,000 1,000 1,250 1,500 1,000 2,000 1,000 1,000 1,000 500 500 1.000 1.000 1.000 1,000 1,000 2,000 1,000 2,000 2,000 1,000 1,000 1,000 1,000 1,000 500 1,000 1,000 500 1.800 1,000 2.000 i.ooo 2,000 2.000 2,000 500 4,000 2.000 Page 14
THE JOHN THAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Get Set Gids Grange Festival Greater Manchesler Youlh Network Grounded Sounds Hackney Empire Half mIn Youlh Theatre Hallo Concerts Hlgh Peak Theatre HOME Hunslel Club Imagine If Theatre International Guitar INK Spot Kazzum Khulisa Kids in Control Kiln Theatre Lake District Festival LeadeTship Through Sport & Business Leeds Theatre Trust Leeds Theatre Youth Group Learning Partnerships Liberty Choir Llteracy Hub Little Actors Theatre Little Angel Theatre London Music Fund London Philharmonic Orchestra Lowlher Gardens Lytham Twst Lung Thaatra Lyric Hammersmith M8 Th8atre Mishmash Music Maslers Nalional Childrens Orchestras National Theatre Nallonal Youth Choir Nalional Youth Choir of Scotland New Vlc Theatre Stoke North East Theatre Oily Cart Omnibus Clapha Orchestr8 Age of Enlightenmenl Organisalion for Sound & Music Oxford International Song Festival Oxford Philhamionic Parkel Trust Peer 2 Peer Education Philharmonia Pimlico Opera Polka Children's Pr6venl 2 Protect Prisoners Education Prlson Fellowshlp Prodigal Arts Qu8St for Learning Read for Good 1,OOQ 1.000 1,000 1,000 1.000 1,000 2,000 1.000 1,500 1.000 1.000 500 1,300 1,000 1,000 1,000 1,000 1,000 2,000 1,000 1,000 2,000 1,000 2,000 2,000 1,500 1,000 1,000 3,000 1,000 1,OOQ 2,000 1,000 1,000 1,500 3, 000 1.542 2,000 990 2.000 1.500 1,000 1.500 1.000 2,000 1.000 1,000 1.000 1,QOO 1.500 1.000 1.500 500 2.000 500 1,000 2.000 1.000 1,000 1,000 1.000 1.000 1,500 2,000 1,000 1,883 1,000 1,000 1,000 Page 15
THE JOHN THAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Resurgo Rework Roundaboul Drama Therapy Royal Court Theatre Royal Liverpool Philharmonic School Home Support Shropshlre Bookfast SIN Cru SOFA Proj8Ct Sound and Musl¢ Southsea Mindfulness Sparks of Success Sport 4 Lrfe Spun Glass Theatre storyhouse Chester strattord Theatre Youth Teen Action The Arts Depot Trust The Benedetu Foundation The Key The Lowry Centra The North Wall The Roundhouse The Sofa Project The Story Museum Th8 Story Project The Young Vlc Company Theatre Alibi Theatre Centre Theatre-Riles Told by an Idiot Tools 4 Teens Tramshed Travorse Unicorn Theatre Unity Theatre Voyage Wac Arts Warwlckshlre Young Carers Whirlow Farm Trust Whlta CNY Theatre Project Women & Theatre Young Mental Health Young & Inspired Youth Adventure Youth Matter Youth Music C8ntre Youthzone Blackburn 5 On It Foundation 2.000 1,000 2.000 1.000 500 2,000 2,000 1,000 1.000 1,000 1.000 1,000 2,340 1,000 1.000 1.000 1.000 3,000 500 1.000 1,000 1.000 2,000 2,000 2,000 1,500 3.000 500 2,000 I, 000 2, 000 2.000 1,000 1,000 1,000 1,000 I,OOQ 1.500 1,000 1.000 1.000 1,000 1.000 1.500 1,500 2,500 1,000 1,000 500 1.000 1,850 7,500 2.000 500 1.000 1.000 1.000 1,000 Total 132,123 112,832 Page 16
THE JOHN THAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 Grant maklng actlvities Total 2025 Total 2024 Governanc• Activities Governan costs Donations r8turned General office Bank charges Support costs 2.750 2,750 (2,783) 35 65 4,791 4,385 (3,000) 378 62 4,701 (2,783} 35 65 4.791 2,750 2.108 4,858 6,526 Total 2024 6,526 6.526 Governanco costs Unrestricted funds 2025 Total funds 2025 Total funds 2024 Governance 2.750 2,750 4,385 Net incomel(exponditure) Durlng th8 year, no Trustees reIVed any remuneration (2024 - £NIL). During the year, no Trustees received any benefits in kind (2024 - £NIL). During tho year, no Trustees reiVed any reimbursement of expenses (2024 - £NIL). Auditors. remunerallon The Independent Examinerfs remuneration amounts to an Independent Examinatlon fee of £1,250 {2024 - £ 865). and Accountancy fees of £1.500 {2024- £1.360). Page 17
THE JOHN THAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 staff ¢osts The charity has no employees other than the Trustees. who dld not receive any rémuneration (2024 - £NIL). The Trustees are also the key personnel of th8 charity. A transa¢llon involving a trustee or related party ts always regarded as matarial. 10. Debtors 28 February 2025 29 February 2024 Tax recoverable Donations receivable 37,549 25,000 29.550 62,549 29,550 11. Credltors: Amounts falling due within one year 28 February 2025 29 F8bnJary 2024 Trade creditors Committed charitable expenditure Accruals and daferred income 900 10,850 2.750 2,125 10,000 2.280 14,500 14.385 12. Related party transactlons other Charitable organisations of whlch a Trustee of thls Foundation has a direct or indirect interest In are aEways properfy declared. If such a situation arise5 where a Trustee may be in confllct between their duty to act solely in Ihe interest of the Foundation and a personal interesl then thal Twslee does nol participate in discussion and will not be counted as part of the quorum in any decision an the matter. Donations were received from Sheila Hancock, Trustee. The total amount in 2025 was £150,000 (2024: £35,000). No conditions were attached which would in any way require the Foundation lo alter the nature of its existing activities. No other related party transactions require dlsclosure Sn respect of the reporting pariod to 28 February 2025 or 29 February 2024. Page 18
THE JOHN THAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 13. Statement of funds Statement of funds - current year Balance at 1 March 2024 Balance at 28 February 2025 Income Expendlture Designated funds John Gore Fund 35,000 15.000) 30,000 General funds General Funds 9,057 190,493 (131,981) 67,569 Total Unrestricted funds 44,057 190,493 (136,981) 97,569 Total of funds 44,057 190,493 1136,981 } 97,569 Statement of funds - prlor year Balance al l March 2023 Balance at 29 February 2024 Income Expenditure John Gore Fund 40.000 (5.000) 35.000 General funds General Funds 71,260 52, 155 (114.358) 9,057 Summary of funds- current year Balance at 1 March 2024 Balance at Expenditur 28 February 2025 Income John Gore Fund General funds 35.000 9.057 (5,000) (131,981) 30,000 67,569 190.493 44,057 190,493 (136.981) 97,569 Page 19
THE JOHN THAW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025 13. Statemont of funds (continued) Summary of funds - prlor year Balance al 1 Mah 2023 Balanc9 at 29 Febmary 2024 Income Expenditu John Gore Fund General funds 40,000 71.260 (5, QOO) (114,358) 35.000 9,057 52.155 111,260 52,155 (q19,358) 44,057 In May 2021 the Foundation was given £50.000 by Broadway Producer John Gore with the Intantion it be put towards its funding expenses over the nexl ten years. The Trustees have therefore ring fenced the donatlon and will attribute up to £5.000 of costs as Designated expenditure annually until lh8 funds are depleted entirely. 14. Analysis of net assets between funds Analysis of net assets between funds - Current year Unrestricted funds 2025 Total funds 2025 Current assets Creditors due wilhin one year 112,069 (14,500) 112,069 {14,500) 97,569 97,569 Analysls of net assets between funds - prior year unStrICted funds 2024 Total fvnds 2024 Current assets CreditOTS due within one year 58.442 (14.385) 58,442 (14,385) 44,057 44,057 Page 20