REGISTERED CHARITY NUMBER: 1112703
REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
FOR
THE EVAN CORNISH FOUNDATION
Hollis and Co Limited Chartered Accountants Statutory Auditor 35 Wilkinson Street Sheffield South Yorkshire S10 2GB
THE EVAN CORNISH FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Report of the Independent Auditors | 7 | to | 9 |
| Statement of Financial Activities | 10 | ||
| Balance Sheet | 11 | ||
| Notes to the Financial Statements | 12 | to | 19 |
| Detailed Statement of Financial Activities | 20 |
THE EVAN CORNISH FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
The Evan Cornish Foundation was created in 2005 after the death of the late Evan Cornish, a successful businessman, who passed away in 2002, and his wife Ethel Cornish. The Trustees have decided to utilise funds from the inheritance from his estate, and the estate of his late wife who died in 2010, for the benefit of charitable good causes, hence putting something back into the local and wider community.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Charity, as contained in the Declaration of Trust, are to hold its Trust Funds and its income upon Trust, and to apply them for all charitable purposes as are recognised under the laws of England and Wales.
The current strategy is to invest the Trust Funds wisely and securely to provide the best annual income possible within the ethical restrictions. The annual income, after organisational costs, will be used to provide grants to charitable good causes. The policy decision taken by the Trustees in 2010/11 that grants would now not be limited by the investment return but would also be paid from capital continues to be applied. This policy has been reviewed and no change has been made. Grants will continued to be made from income and capital.
Significant activities for 2024-25
The Charity's primary activity is grant making and applications, and re-applications continue to grow. UK applications continue to be northern focused and all projects have to be in the northern area (see map on Evan Cornish Foundation website) unless the project is advocacy for policy change or completely unique.
The Foundation fully reopened in July 2024, following a temporary closure during the previous year while the Grants Manager was on maternity leave. Over the course of the year, the Trustees held one targeted UK funding round in July 2024 and one Overseas round in January 2025. Several emergency grants were also awarded, particularly to organisations providing humanitarian support in Gaza.
The Trustees maintained the decision to continue working remotely, but keeping the old office as a registered address in Sheffield. Current and past grant holders are still encouraged to share information and updates electronically where possible.
Public benefit
In setting the objectives and planning the activities the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
Grant Making Policy
The Trustees meet to consider grant applications and make awards based on their assessment of the merits of the application and the individual circumstances. The Trustees seek to give all applications due consideration and make their decisions on a majority vote basis. The Trustees designed a scoring sheet for applications and visits to try and make the process as fair as possible and these are continually refined. As part of this policy, the recipient of support is expected to provide appropriate levels of feedback on the use of any grant and the achievements deriving there from, for monitoring and evaluation purposes by way of a twelve-month progress report.
Reapplications are welcome if they continue to meet all the eligibility requirements and as long as the Foundation's requirements on formal reporting, as stated above, have been met and the applicant agrees to either a visit to the project by the Trustee(s), or to attend a meeting with the Trustee(s) if the project is international or it is not relevant or possible to visit the project in question. The vast majority of meetings returned to in-person.
Page 1
THE EVAN CORNISH FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year, a total of 98 project grants were awarded, ranging from £2,000 to £25,716 and amounting to £1,090,177 in total.
The portfolio of funded projects was wide-ranging and impactful. The largest individual project grant of £25,716 was awarded to the University of York, while project grants of £15,000 were made to both the Civil Liberties Trust and the Fund for Global Human Rights UK.
In addition to project funding, the Trustees continued their support for the Lincolnshire Community Foundation (LCF). Two further payments were made during the year, totalling £150,000, comprising £50,000 in November 2024 and £100,000 in April 2025. Three meetings were held with LCF, at which grants of £49,000 in March 2024, £48,000 in October 2024, and £52,755 in March 2025 were approved.
Our policy of visiting all local charity applicants, as well as charities seeking renewed support, remained in place. The vast majority of these meetings were held in person.
FINANCIAL REVIEW
Financial review
The Financial Statements of the Charity for the year ended 5 April 2025 are attached to this report.
Page 2
THE EVAN CORNISH FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
FINANCIAL REVIEW
Investment policy and objectives
The Trustees appointed Rathbones Investment Management Limited to create and manage an investment portfolio in line with an agreed Policy Statement for the investment of funds. Initial funds of £5 million were invested, with a further £1 million invested in 2014 and a further £1 million invested in 2015, and have been placed with Rathbones for this purpose. £2 million was also invested in a new portfolio with Greenbank. The main investment objectives of the Policy Statement were as follows:-
General
In managing investments and making or varying their investments the Investment Managers must have regard to the following criteria, in the context of the Trustees' objectives and risk profile:
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The suitability of any class of investment to the Trust;
-
The suitability of any particular investment as an investment of that kind; and
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The need for diversification of the investments of the Trust as far as is appropriate to the circumstances of the Trust. - Ethical restrictions
Current Investment Profile
To provide an income of not less than £195,000 per annum based on a portfolio value of £8.2 million, and to maintain the capital value of the investment fund at least in line with inflation.
Investment Philosophy and Risk Profile
A balanced approach between income and capital should be adopted. The Trustees wish to maintain the capital value of the investment funds or at least in line with inflation.
The Trustees have accordingly requested the Investment Managers to adopt a medium risk investment strategy.
The Investment Managers are not to recommend to the Trustees any underwriting or similar obligations.
Income/Capital Requirements
The Trustees will normally look to distribute the annual income on charitable purposes and organisations, a decision has been taken to also distribute unrestricted portion of our capital until income rates improve or the need reduces.
Marketability
The investments should generally be marketable and the Trustees would not, unless specific authorisation is given, wish to acquire investments in markets where marketability is limited.
Time Horizon
A long term investment strategy is adopted, minimum 5 years.
Geographical and Sector Allocation and Ethical/Other Constraints
Our current ethical restraints are as follows:
No investment in businesses that have known connections to human rights violations;
No direct exposure to armaments, tobacco, pornography, mining, nuclear, animal testing and gambling.
A 'best of class approach' is applied to investment within the oil and gas sector. It is our intention to review this so that it is 'best of class' environmentally and collective investments have been permitted in this financial year but we are screening to make sure they do not contain any investments that would not fit our ethical constraints. It is our aim to reduce our collective holdings.
Page 3
THE EVAN CORNISH FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
FINANCIAL REVIEW
Reserves policy
The Charity's reserves are all unrestricted.
The Trustees have considered their policy in relation to retained financial reserves. On an annual basis the Trustees will seek to undertake charitable activities in the form of making grants and financial support from the income from the investments but also from the capital reserves as well. The Trustees have decided for the time being not to retain the capital reserves at the present level. The Trustees will continue to do so as long as it does not put the ongoing financial viability of the Charity at risk.
FUTURE PLANS
The Trustees main aims for the coming periods are:-
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To monitor the investment program to try to provide maximum returns hence boosting available funds for grant
-
making activities and recovery of our original capital base;
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To continue to apply our ethical restraints to all our investments;
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To continue to have a dialogue with applicant charities;
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To continue to attend training events (online) in order to develop their individual and collective skills for the benefit of the Charity;
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To continue to be involved in the researching and evaluation of grant making activities across a diverse range of
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charitable good causes; and
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To consider areas of funding we may want to particularly fund.
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To make contact with other funders to share good practice and increase dialogue.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Charity is constituted under a Declaration of Trust dated 27 June 2005 and is registered with The Charity Commission with effect from 12 January 2006.
Recruitment and appointment of new trustees
There are three Trustees, being Rachel Cornish, Sally Cornish and Barbara Ward, who were all appointed upon creation of the Charity.
The Trustees, by majority, have the power to appoint or remove Trustees.
Organisational structure
The Trustees are responsible for the day to day management of the organisation. No other person acted as a Trustee at any time during the year. The Trustees formally meet regularly throughout the year and all decisions are made by the Trustees on a majority basis.
A part-time administrator works remotely, with regular online / in-person meetings held with the Trustees.
Induction and training of new trustees
To date no formal policy or procedure has been adopted for the induction and training of the Trustees. However, the Trustees have attended training courses, conferences and talks to keep them up to date with their current roles and responsibilities, and intend to continue attending such courses on a regular basis.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1112703
Principal address
The Innovation Centre 217 Portobello SHEFFIELD S1 4DP
Page 4
THE EVAN CORNISH FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
Trustees
Mrs Barbara J Ward Ms Sally A Cornish Ms Rachel E Cornish
Managing Trustee
Ms Rachel E Cornish
Administrator
Ms Laura Thomas
Auditors
Hollis and Co Limited Chartered Accountants Statutory Auditor 35 Wilkinson Street Sheffield South Yorkshire S10 2GB
Bankers
Triodos Bank Dearnery Road Bristol BS1 5AS
Investment manager
Rathbones Investment Management Limited 1 Curzon Street London W1J 5FB
and
GreenBank 7th Floor EQ 111 Victoria St Redcliffe Bristol BS1 6AX
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 5
THE EVAN CORNISH FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. 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.
Approved by order of the board of trustees on 30 December 2025 and signed on its behalf by:
Ms Rachel E Cornish - Trustee
Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE EVAN CORNISH FOUNDATION
Opinion
We have audited the financial statements of The Evan Cornish Foundation (the 'charity') for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 5 April 2025 and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE EVAN CORNISH FOUNDATION
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.
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We obtained an understanding of laws and regulations that could reasonably be expected to have a material effect on the financial statements through discussion with management and those charged with governance, including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.
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We inquired of management and those charged with governance as to any known instances of non- compliance or suspected non-compliance with laws and regulations. We remained alert to any indications of non-compliance throughout the audit.
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We addressed the risk of fraud through management override by reviewing the appropriateness of a sample of journal entries and other adjustments; assessing whether the judgements made in making key accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business that we come across throughout the audit.
However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company. Our examination should not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance as may exist.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE EVAN CORNISH FOUNDATION
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Hollis and Co Limited Chartered Accountants Statutory Auditor 35 Wilkinson Street Sheffield South Yorkshire S10 2GB
15 January 2026
Page 9
THE EVAN CORNISH FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Raising funds 3 Charitable activities Grant making activities Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 Unrestricted fund £ 164,515 40,655 1,258,768 1,299,423 (342,362) (1,477,270 ) 8,554,996 7,077,726 |
2024 Total funds £ 196,740 48,084 650,097 698,181 363,841 (137,600) 8,692,596 8,554,996 |
|---|---|---|
The notes form part of these financial statements
Page 10
THE EVAN CORNISH FOUNDATION
BALANCE SHEET 5 APRIL 2025
| Notes FIXED ASSETS Investments 8 CURRENT ASSETS Debtors 9 Cash at bank 10 CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds TOTAL FUNDS |
2025 Unrestricted fund £ 6,812,345 12,529 505,350 517,879 (252,498) 265,381 7,077,726 7,077,726 7,077,726 7,077,726 |
2024 Total funds £ 8,144,676 13,080 456,309 469,389 (59,069) 410,320 8,554,996 8,554,996 8,554,996 8,554,996 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 December 2025 and were signed on its behalf by:
Ms Rachel E Cornish - Trustee
The notes form part of these financial statements
Page 11
THE EVAN CORNISH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been fully met at the year end date are accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost Computer equipment - 33% on cost
Tangible assets are stated at cost. Amounts are capitalised if they can be used for more than one year and cost at least £250.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Pension costs and other post-retirement benefits
The charity operates a defined contribution 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.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the balance sheet date.
Unrealised gains and losses on investments are calculated as the difference between the closing market value and the opening market value, or cost for additions.
Realised gains and losses on investments are calculated as the difference between the disposal value and the opening market value, or cost for additions.
continued...
Page 12
THE EVAN CORNISH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
| 2. INVESTMENT INCOME 2025 £ Dividend and investment income 127,064 Deposit account interest 7,449 Treasury Stock interest 30,002 164,515 38.46% of investment income arises from investment assets held outside the UK (2024 33.49%) |
2024 £ 161,586 8,013 27,141 |
|---|---|
| 196,740 | |
| 3. | RAISING FUNDS | ||
|---|---|---|---|
| Investment management costs | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Investment management costs | 40,655 | 48,084 | |
| 4. | GRANTS PAYABLE | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Grant making activities | 1,240,177 | 631,642 |
continued...
Page 13
THE EVAN CORNISH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
4. GRANTS PAYABLE - continued
| Recipient | £ |
|---|---|
| Emergency/Multi-Year | |
| Tibet Relief Fund (Year 3 of 3) | 3,000 |
| Lincolnshire Community Foundation | 50,000 |
| PEN | 10,000 |
| Refugee Support Europe | 3,000 |
| Christian Aid | 5,000 |
| Christian AId | 5,000 |
| Lincolnshire Community Foundation | 100,000 |
| Rory Peck | 5,000 |
| Rory Peck | 10,000 |
| Medicin Sans Frontiers | 5,000 |
| Medical Aid for Palestinians | 5,000 |
| Christian Aid | 5,000 |
| UK Round July 2024 | |
| 700 Club | 4,997 |
| Abigail Housing | 10,000 |
| The AIRE Centre | 10,218 |
| The Archer Project | 10,000 |
| ASSIST Sheffield | 10,000 |
| Asylos | 10,000 |
| Asylum Aid | 12,000 |
| The Autonomy Institute | 4,500 |
| Become | 10,000 |
| Benns Center for Vulnerable Adults in Sheffield | 10,039 |
| Better Food Traders | 5,000 |
| The Bike Project | 5,000 |
| Birth Companions | 9,875 |
| Breaking Barriers | 10,000 |
| Child Poverty Action Group | 5,000 |
| The Choir With No Name | 10,000 |
| Christ Church Armley Community Projects | 10,000 |
| The Civil Liberties Trust | 15,000 |
| Cleveland Housing Advice Centre | 10,000 |
| Demilitarise Education | 4,000 |
| Dentaid The Dental Charity | 5,000 |
| Detention Action | 5,000 |
| The Edge Theatre and Arts Centre | 10,000 |
| The Faith Hope and Enterprise Company | 2,000 |
| FareShare Midlands | 10,000 |
| Foodcycle | 10,000 |
| Freedom From Torture | 8,000 |
| Gatwick Detainees Welfare Group | 3,690 |
| Global Link | 4,999 |
| GMYN | 5,000 |
| Happy Days UK | 3,000 |
| Hear Me Out | 7,500 |
| Helen Bamber Foundation | 12,000 |
| Heron Corn Mill Beetham | 2,000 |
| Human Trafficking Foundation | 5,000 |
| Ice and Fire Theatre | 7,500 |
| International Community Organisation of Sunderland | 4,991 |
| JUSTICE | 10,000 |
| Justlife Foundation | 5,000 |
continued...
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THE EVAN CORNISH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
4. GRANTS PAYABLE - continued
| Landworkers Alliance | 4,000 |
|---|---|
| The Lowry | 10,000 |
| LUNG | 4,000 |
| Macc | 10,000 |
| Manchester Action on Street Health | 5,000 |
| Manchester City Galleries Trust | 10,000 |
| Maternity Action | 10,000 |
| National AIDS Trust | 10,613 |
| North Yorkshire Citizens Advice and Law Centre | 4,746 |
| Play for Progress | 3,000 |
| Prisoners Advice Service | 10,000 |
| Refugee and Migrant Forum of Essex and London | 5,000 |
| Refugee Council | 10,000 |
| Refugee Employment Network | 4,972 |
| Refugee Legal Support | 5,000 |
| Reporters Sans Frontiers | 5,000 |
| Right to Remain | 10,000 |
| Safe Passage International | 5,000 |
| Separated Child Foundation | 4,000 |
| Shelter | 10,000 |
| Sophie Hayes Foundation | 10,000 |
| STAA | 5,000 |
| STAR Student Action for Refugees | 4,000 |
| Surviving Economic Abuse | 10,000 |
| TortureID | 10,000 |
| The University of York | 25,716 |
| Unseen UK | 5,000 |
| User Voice | 4,800 |
| Waging Peace | 10,000 |
| WYDAN | 7,500 |
| Womens Aid Federation of England | 7,000 |
| World Jewish Relief | 2,500 |
| Emergency/MultiYear | |
| Medical Aid for Palestinians | 5,000 |
| Arts on the Run | 10,000 |
| Plan International | 3,000 |
| Advance Myanmar | 3,000 |
| Overseas January 2025 | |
| Abortion Support Network | 5,000 |
| Action Village India | 8,000 |
| Advance Myanmar | 11,000 |
| AzuKo | 10,000 |
| Children on the Edge | 10,000 |
| Christian Aid | 10,000 |
| Clowns Without Borders UK | 10,000 |
| Eco Brixs | 5,000 |
| EduSpots | 10,000 |
| Farm Africa | 8,221 |
| The Free SHop | 10,000 |
| Fund for Global Human Rights UK | 15,000 |
| IMPACT | 7,500 |
| Lawyers Against Poverty | 5,000 |
| Learning For Life | 7,500 |
| Margaret Pyke Trust | 14,300 |
| Mobile Education Partnerships | 7,500 |
Page 15
continued...
THE EVAN CORNISH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
4. GRANTS PAYABLE - continued
| New Israel Fund UK | 12,000 |
|---|---|
| Our Sansar | 10,000 |
| Peace Brigades International UK Section | 10,000 |
| Plan International UK | 10,000 |
| Practical Tools Initiative | 8,000 |
| Pragya | 10,000 |
| Rainforest Foundation UK | 5,000 |
| REDRESS | 10,000 |
| Reprieve | 10,000 |
| Sand Dams Worldwide | 12,000 |
| SEED Madagascar | 10,000 |
| STOP THE TRAFFIK | 9,000 |
| TAPOL | 10,000 |
| Videre est Credere | 15,000 |
| War Child | 10,000 |
| War on Want | 10,000 |
| Zimbabwe Educational Trust | 10,000 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trustees' expenses
No trustee expenses (2024 £nil) were reimbursed to the trustees during the year.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| Administration | 1 | 1 |
No employees received emoluments in excess of £60,000.
7. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Fixtures | |||
| and | Computer | ||
| fittings | equipment | Totals | |
| £ | £ | £ | |
| COST | |||
| At 6 April 2024 and 5 April 2025 | 1,454 | 3,686 | 5,140 |
| DEPRECIATION | |||
| At 6 April 2024 and 5 April 2025 | 1,454 | 3,686 | 5,140 |
| NET BOOK VALUE | |||
| At 5 April 2025 | - | - | - |
| At 5 April 2024 | - | - | - |
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continued...
THE EVAN CORNISH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
8. FIXED ASSET INVESTMENTS
| MARKET VALUE At 6 April 2024 Additions Disposals Cash movements Realised (loss)/gain on disp Unrealised gain on revaluation At 5 April 2025 NET BOOK VALUE At 5 April 2025 At 5 April 2024 |
Listed investments £ 8,144,676 1,842,810 (2,830,615 ) (2,168) 336,919 (679,277) 6,812,345 6,812,345 8,144,676 |
|---|---|
At 5 April 2025 44.28% of investment assets by market value are invested outside the UK (2024 31.82%). At 5 April 2025 no investment made up more than 5% of the total market value of investments (2024 none).
Cost or valuation at 5 April 2025 is represented by:
| Valuation in 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Rathbone income accounts PAYE/NIC debtor CASH AT BANK Bank account Bank deposit account Fixed Term Deposit account Total |
2025 £ 8,505 4,024 12,529 2025 Total funds £ 364,417 57,209 83,724 505,350 |
Listed investments £ 6,812,345 2024 £ 10,508 2,572 13,080 2024 Total funds £ 318,434 56,139 81,736 456,309 |
|
|---|---|---|---|
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
10. CASH AT BANK
continued...
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THE EVAN CORNISH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors Grant commitments Pension creditor Accrued expenses MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
as follows: Incoming resources £ 164,515 164,515 |
At 6/4/24 £ 8,554,996 8,554,996 Resources expended £ (1,299,423 ) (1,299,423 ) At 6/4/23 £ 8,692,596 8,692,596 |
2025 £ 11,510 292 231,237 21 9,438 252,498 Net movement in funds £ (1,477,270 ) (1,477,270 ) Gains and losses £ (342,362) (342,362) Net movement in funds £ (137,600) (137,600) |
2024 £ 12,217 292 37,500 22 9,038 59,069 At 5/4/25 £ 7,077,726 7,077,726 Movement in funds £ (1,477,270 ) (1,477,270 ) At 5/4/24 £ 8,554,996 8,554,996 |
|---|---|---|---|---|
12. MOVEMENT IN FUNDS
continued...
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THE EVAN CORNISH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 196,740 196,740 |
Resources expended £ (698,181) (698,181) |
Gains and Movement losses in funds £ £ 363,841 (137,600) 363,841 (137,600) |
Gains and Movement losses in funds £ £ 363,841 (137,600) 363,841 (137,600) |
|---|---|---|---|---|
| (137,600) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 6/4/23 £ 8,692,596 8,692,596 |
Net movement in funds £ (1,614,870 ) (1,614,870 ) |
At 5/4/25 £ 7,077,726 |
|---|---|---|---|
| 7,077,726 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 361,255 361,255 |
Resources expended £ (1,997,604 ) (1,997,604 ) |
Gains and losses £ 21,479 21,479 |
Movement in funds £ (1,614,870 ) |
|---|---|---|---|---|
| (1,614,870 ) |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2025.
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THE EVAN CORNISH FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
| INCOME AND ENDOWMENTS Investment income Dividend and investment income Deposit account interest Treasury Stock interest Total incoming resources EXPENDITURE Investment management costs Investment management costs Charitable activities Grants to institutions Support costs Management Wages Pensions Insurance Telephone Office running costs IT costs Travel Finance Bank charges Governance costs Auditors' remuneration Auditors' remuneration for non audit work Total resources expended Net expenditure before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net (expenditure)/income |
2025 £ 127,064 7,449 30,002 164,515 164,515 40,655 1,240,177 6,364 94 305 545 372 735 67 8,482 23 4,938 5,148 10,086 1,299,423 (1,134,908 ) 336,915 (797,993) |
2024 £ 161,586 8,013 27,141 196,740 196,740 48,084 631,642 6,563 113 294 498 542 808 - 8,818 23 4,390 5,224 9,614 698,181 (501,441) 538,881 37,440 |
|---|---|---|
This page does not form part of the statutory financial statements
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