CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110812023 (period start date) To 3110712024 (period end date) Charity name: The Adderstone Foundation Charity registration number: 1113630 Objectives and Activities SORP reference Summary of the purposes of the charity as set out in its governing document Para 1.17 The purpose of the Adderstone Foundation is to identify and support causes in the UK and worldwide that the shareholders, employees and friends of Adderstone Group are= 1. Passionate about 2. Well placed to support in an action focussed way 3. Capable of making a sustainable or ideally catalytic impact The purpose of Adderstone Foundation is neither limited by sector nor geography but rather focussed on where it is best placed to make good stuff happen in the most efficient, sustainable, catalytic and impactful way possible. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19 The Adderstone Foundation supported various community, sport and humanitarian causes in the North-east of England and abroad (Ukraine and Zambia) in this accounting period. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para1.18 Pursuant to Section 17{5) of the Charities Act and the Charities (Accounts and Reports) Regulations 2008 the Charity Trustee has taken due regard of the guidance on public benefit issued by the Charity Commission when exercising its duties. Additional information {optional} You may choose to include further statements where relevant about.. SORP reference Policy on grant making Para 1.38 Not applicable, this charity does not provide grants. Policy on social investment including program related investment P8ra 1.38 Not applicable, this charity does not make investments. Contribution made by volunteers Para 1.38 Achievements and Performance SORP reference See summary of main activities. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. In addition, we have supported friends, colleagues and organisations in their various sporting and charitable endeavours, which have raised funds for local charities including Children NE, Macmillan Nurses, the People's Kitchen, Can￿r Research and the RNLI. Para 1.20 Additional information (optional) You ma choose to include further statements where relevant about.. Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Para 1.41 Other Financial Review Review of the charity's financial position at the end of the period Para 1.21 At the end of the financial year the charity is in a healthy position with no debtors or creditors and no outstanding loans. Statement explaining the policy for holding reserves stating why they are held Para 1.22 The Reserve Policy for The Adderstone Foundation is to hold a sum equivalent to 2 months average expenditure. This will be sufficient to meet any unforeseen item, of major expenditure and be able to continue in the short term. Amount of reserves held Para 1.22 £36,113 Reasons for holding zero reseNes Details of fund materially in deficit Explanation of any uncertainties about the charity continuin asa oin concern Para 1.22 Not applicable Para 1.24 Not applicable Para 1.23 No concerns Additional information (optional) You ma choose to include further statements where relevant about: Personal donations from founding Trustee, lan Baggett, and corporate donations from Adderstone 1993 Limited and Adderstone Living Limited. The charity's principal sources of funds (including any fundraising} Para 1.47 Not applicable Investment policy and objectives including any social investment policy adopted Para 1.46 Not applicable A description of the principal risks facing the charity Para 1.46 Other Structure, Governance and Management Description of charity's trusts: Type of governing document Para 1.25 Deed of Trust How is the charity constituted? Para 1.25 Trust Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to oint one or more trustees Para 1.25 Appointed by The Donor during his lifetime or by such other person or persons or body as the Trustees may nominate in writing for that purpose. Additional information (optional) You ma choose to include further statements where relevant about.. Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider ne￿Ork with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Chari name Other name the chari uses istered chari number Charity's principal address The Adderstone Foundation 1113630 Nelson House, The Fleming, Burdon Terrace, Jesmond, Newcastle upon Tyne, NE2 3AE Names of the charity trustees who manage the charity Dates acted if not for whole ear Trustee name Office (if any) Name of person (or body} entitled toa oint trustee ifan Dr l R Baggett Mrs A Harrison Mrs N Baggett Mr R B Robinson Ms J A Jackholt From 2510612024 Ms B Chanakira From 1110212025 Cor orate trustees - names of the directors at the date the re D1￿ctor name ortwasa roved Name of trustees holding title to property belonging to the charity Trustee name Dates a¢tsd if not for whole ear Funds held as custodian trustees on behalf of others Description of the assets held Not applicable in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Not applicable Detsils of arrangements for safe custody and segregation of such assets from the charity's own assets Not applicable Additional information {optional) Names and addresses of advisers (Optional information) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional infomiation) Exemptions from disclosure Reason for non-disclosure of ke Not applicable ersonnel details Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s} Position (eg Secretary, Chair, etc) Dr l R Baggett Bsc (Hons) PhD Trustee Date 3010512025 CHARTEt2FD CERTIFIED ACCOUNTANTS & STATUTORY AUDITORS The Adderstone Foundatlon Independent Annual Report and Accounts Audlt For the year ended 31" July 2024 TR Dixon & Co Ltd Chartered Certified Accountants Statutory Auditors Bermuda House IA Dinsdale Place Newcastle upon Tyne NE2 IBD CHARTERED CERTIFIED ACCOUNTANTS I STATUTORY AUDITORS Bcrmitdil 14ou5e. IA Dinsd%ile Place. J- -5nion(f. I4￿1C4s[lO upaii Tsme NE2 IBD lel: 0191232 2628 l ivi'.iii.Iid