REGISTERED COMPANY NUMBER.. 06426134 (England and Wales}
REGISTERED CHARITY NUMBER: 1123152
REPORT OFTHE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023
FOR
THE RATCLIFFE FOUNDATION
BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Chellenham
Glouce51er5hire
GL519TX

THE RATCLIFFE FOUNDATION
CONTENTS OFTHE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 30 NOVEMBER 2023
Page
Reference and Adminislralive Delalls
Report of the Trustees
Independent Examinevs Report
Statement of Financial Activities
Slatemeht of Flnanclal Position
Notes to Ihg Financial Statements

THE RATCLIFFE FOUNDATION
REFERENCE ANO ADMINISTRATIVE DETAILS
FOR THEYEAR ENDED 30 NOVEMBER 2023
TRUSTEES
M R Ratcliffe MBE
Mrs P R Ratclille
Mrs J S Hill
REGISTERED OFFICE
Wolseley House
Oriel Road
Chellenham
Glouceslershire
GL50 ITH
REGISTERED COMPANY NUMBER 0&426134 {England and Wales)
REGISTERED CHARITY NUMBER 1123152
INDEPENDENT EXAMINER
BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Chellenham
Gloucestershire
GL519rx
Page I

THE RATCLIFFE FOUNDATION
REPORT OFTHE TRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2023
The Iruslees who are also direclDrs of the charity for the purposes of the Companies Act 2006, present
their report with the financial slalemenls of the charity for the year ended 30 November 2023. The Iruslees
have adopted the provisions of Accounting and Reporting by Charitie5: Slalemenl ol Recommended Practice
applicable to Charilies preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and RÈpublic af Ireland IFRS 1021 lelleclive l January 2019).
OBJECTIVES AND ACTIVITIES
Objèctives and aims
The objective of the Charity is lo receive donations and use them in support ol other local charities and
deserving causes.
Public benefit
In planning the charills activities lor the year the Iruslees kept in mind the Charily Commission's guidance
on public benelil.
The focus of Ihe charity's activities during the year, which explains the delivery by the charily ol public
benefit, is sel out below under'achievement and performance,.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year the Charity received donations of £36,407, which was sufficient lo cover core costs and lo
allow the Charity lo maintain ils support ol other local charitie5.
FINANCIAL REVIEW
Reserves policy
The Trustees annually review the Reserves Policy bearing in mind the current and anlicipaled financial
performance of the Charity. In recent limes, there have been additional challenges raised by the
coronavirus pandemic and other global economic laclors lor the Trustees lo consider.
Thè Trustees believe il is important ta monitor and assist whère appropriate the local charities lo which
donations are made. This important a¢livily has seen increased costs since the strategy was formally
introduced in January 2017 and Ihérelore it is appropriate for the Trustees lo maintain the c051-based
reserves policy that was introduced al that time.
The Trustees consider il appropriate for there lo be sufficient Unreslricled Funds lo cover 3-6 months,
unreslricled charitable expenditure, excluding grants paid, in the unlikely event that therè is a material
reduction in income.
Based on the Slalemenl DI Financial Activities lor the year lo 30 November 2023, unreslricled charitable
expenditure, excluding grants paid. amounted lo £8.587 12022.. £18,819) and therefore the policy would
require unreslricled funds as al 30 November 2D23 of al least £1,880 12022.. £4,704). Unreslricled funds at
the year-end were £5.812 12022.. £8,742), which therefore shows a surplus against the minimum largel ol
the reserve5 policy 01 £3,93212022: £4,038).
FUTURE PLANS
The Trustees are satisfied with the achievements ol the Charity and will continue with the policy that il has
established of supporting small charitable organisalions.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing documenl
The Ralcliffe Foundation was formed on the 13 November 2007 as a company limited by guarantee and is
governed by its Memorandum and Articles ol Association as amended by Special Resolution dated 5 March
2008.
Recruilmenl and appointment of new trustees
The power to appoint new Iruslees is vested in surviving and continuing Iruslees.
Page 2

THE RATCLIFFE FOUNDATION
REPORT OFTHETRUSTEES
FOR THE YEAR ENDED 30 NOVEMBER 2023
STRUCTURE, GOVERNANCE AND IIANAGEMENT
Organisational structure
The Charity is incorporated as a company limited by guarantee, and therefore il has no share capital, In the
event ol the company being wound up and the liabilities antl winding up expenses bging in excess ol assets,
the liability ol each member is limited lo £1.
The charity is controlled by a Board ol Trustees, whlch meets Dn a regular basis.
Risk management
The Trustees actively review the major risks that the Charity laces on a regular basis and believe that
maintaining ils current reserves policy, combined with an annual review DI Ihe controls over key financial
systems, will provide sufficient resource for the Charity going forward. The Trustees have also examined
other operational and business risks laced by the Charity and confirm that they have established systems
lo miligale the significant risk5.
STATEMENT OFTRUSTEES, RESPONSIBILITIES
The Iru51ee5 (who are also the directors of The Ralclilfe Foundation lor the purposes ol company lawl are
responsible for preparing the Report ol the Truslges and the financial slalemenls in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Praclicel.
Company law requires the trustees to prepare financial slalemenls for each financial year which give a
true and fair view of the slate of affairs DI the charitable company and ol the incoming resources and
application ol resources, including the income and expenditure, of the charitable company for Ihal period. In
preparing those financial slalemenls, Ihe Iruslees are required lo
select suitable accounting policies and then apply them consislenlly;
observe the methods and principles in the Charity SORP.,
make judgements and eslimales that are reasonable and prudenl.,
prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that
the charilable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy al any lime the financial position ol the charitable company and lo enable them lo ensure that the
financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the
assets ol the charitable company and hence lor taking reasonable steps lor the preventlon and detection of
fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Parl 15 of the Companies Acl
2006 relating to small companies.
Approved by order of the board ol Iruslees on 28 August 2024 and signed on ils behalf by:
M R Ralcliffe MBE Trustee
Page 3

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
THE RATCLIFFE FOUNDATION
Independent examinerfs reporl ID thè Iruslees ol The Ratclilfe Foundatlon I'lhe Companll
report lo the charity Iruslees on my examination of the accounts ol the Company for the year ended
30 November 2023.
Re5ponsibllilies and basls of report
A5 the charity's Iruslees ol the Company land also its directors lor the purposes ol Company law) you are
responsible for the preparation ol the accounts in accordance with the requirements of the Companie5 Act
20061'the 2006 Acl'l.
Having satisfied myself that the accounts of the Company are not required lo be audited under Parl 16 01 the
2006 Act and are eligible lor independent examination. I reporl in respect of my examination of your
Charity's accounts a5 carried out under Section 145 01 the Charities Act 20111'lhe 2011 Acl'l. In carrying DUI
my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl ol
the 2011 Act.
Indèpendent examlnerfs statement
I have completed my examination. I confirm that no matters have come lo my allenlion in connection with
the examination giving me cause lo believe:
accounting records were not kept in respect of the Company as required by Section 386 01 Ihe 2D06
Act., or
the accounts do not accord with those record5'. or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other
than any requirèment that the accounts give a true and fair view which is not a maller considered as
parl ol an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the
Slalemenl ol Recommended Practice lor accounting and reporting by charities (applicable to
charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in
the UK and Republic of Ireland {FRS 10211.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the accoun15 to be
reached.
Roger F Downe5 FCA
BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Chellenham
Gloucestershire
GL519TX
28 August 2024
Page

THE RATCLIFFE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 NOVEMBER 2023
30.11.23
Unreslricled
fund
30.11.22
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
36.407
74,500
EXPENDITURE ON
Raising funds
7,520
18.691
Charitable activities
Charitable
31,817
47,128
Total
39.337
65,819
NET INCOMEIIEXPENDITURE)
12,9301
.681
RECONCILIATION OF FUNDS
Total funds brought forward
8,742
61
TOTAL FUNDS CARRIED FORWARD
5,812
8,742
The notes form parl of these financial slalemenls
Page 5

THE RATCLIFFE FOUNDATION
STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023
30.11.23
Unreslricled
lund
30.11.22
Total
funds
Notes
CURRENT ASs￿s
Debtors
Cash at bank
6,250
4,852
8,247
8,247
11,102
CREDITORS
Amaunls falling due within one year
10
12,4351
12,3601
CURRENT ASSETS
5,812
8,742
TOTAL ASSEfs LESS CURRENT LIABILITIES
5,812
8,742
m￿ASSErs
5,812
,742
FUNDS
Unreslricled funds
5,812
8,742
TOTAL FUNDS
5,812
8,742
The charitable company is entitled lo exemption from audit under Section 477 of the Companie5 Act 2006
lor the year ended 30 November 2023.
The members have not required the company lo obtain an audit of ils financial slatemenls for the year
ended 30 November 2023 in accordance with Section 476 01 the Companies Act 2006.
The trustees acknowledge their responsibilities for
la}
ensuring that the charitable company keeps accounting records that comply with Sections 386 and
387 01 the Companles Act 2006 and
preparing financial slalemenls which give a true and lair view ol the stale of affairs ol the charitable
company as al the end of each financial year and of ils surplus or delicil for each financial year in
accordance with the requirements ol Sections 394 and 395 and which otherwise comply with the
requirements ol the CDmpanies Act 2006 relating lo financial statements, so far as applicable to the
charitable company.
Ibl
These financial slalemenls have been prepared in accordance with the provisions applicable to charitable
companies subject lo the small companie5 regime.
The flnancial slalemenls were approved by the Board ol Trustees and auiharised for issue on
28 Auyusl 2024 and were signed on ils behalf by..
M R Ralclifle MBE - Trustee
The noles form parl of these financial slalemenls
Page 6

THE RATCLIFFE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 30 NOVEMBER 2023
ACCOUNTING POLICIES
Basis of preparing the flnanclal slatements
The financial statements ol the charitable company, which is a public benefit enlily under FRS 102,
have been prepared in accordance wilh the Charities SORP IFRS 1021 'Accounting and Reporting by
Charities.. Slalemenl of Recommènded Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS
1021 lelleclive l January 20191,, Financial Reporting Standard 102 The Financial RepDrling Standard
applicable in the UK and Republic of Ireland, and the Companies Atl 2006. The financial statements
have been prepared under the historical cost convention.
Golng concern
The charitable company relies on donations lor ils funding, which are naturally more uncertain in the
difficult limes created by the current coronavirus pandemic and globallnational economic conditions.
The charitable company has a low overhead cost base and uses the majority of the funding that it
generates lo provide grants lo other charitie5.
The directors have considered the level of funding required to sustain the overhead base for a period
of more than twelve months from the dale ol approval ol these financial slalemenls and are
confident ol generating those funds. despite the ongoing uncerlainlies ol the pandemic and external
economic conditions.
As a result the directors believe that the charitable company will be able to continue lo operate as a
going concern and have drawn up the financial statements on that ba51S.
Income
All income is recognised In the Statement ol Financial Activities once the charity has enlillemenl lo
the funds, it is probable Ihal the income will be received and the amount can be measured reliably.
Expenditur•
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation
commillirig the charity lo that expenditure, il is probable that a Iransler ol economic benefits will be
required in selllemenl and the amount ol the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and ha5 been classified under headings that aggregate all cost
related lo the category. Where costs cannot be directly allributed lo particular headings they have
been allocated lo aclivilies on a basis con5islenl with the use of resources.
Grants offered subject lo condillons which have not been mel al the year end dale are noted as a
commitment bul not accrued as expenditure.
Taxallon
The charity is exempl from corporation lax on its charitable aclivilies.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the
trustees.
Reslricled funds can only be used lor particular re51ricled purposes within the objects ol the charity.
Reslriclions arise when specified by the donor or when funds are raised lor particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
slalemenls.
Page 7
continued..

THE RATCLIFFE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - conlinued
FOR THE YEAR ENDED 30 NOVEMBER 2023
DONATIONS AND LEGACIES
30.11.23
3D.11.22
Corporate Donations
Personal Donations
HMRC Gill Aid
120
29,000
7,287
69,000
5.500
36,1407
74,500
RAISING FUNDS
Raising donations and legacie5
30.11.23
30.11.22
Consultancy
Support costs
7,520
17,520
7,520
18,691
CHARITABLE ACTIVITIES COSTS
Grant
funding ol
activities
(see riole
Direct
Costs (see
note 51
Supparl
costs (see
note 71
61
Talals
Charitable
78
30,750
989
31,817
DIRECT COSTS OF CHARITABLE ACTIVITIES
30.11.23
30.11.22
Sundries
78
128
GRANTS PAYABLE
30.11.23
30.11.22
Charllable
30,750
47,000
The lolal grants paid lo inslilulions during the year was as
follows..
30.11.23
30.11.22
Grants to institutions
30,750
47,000
Page 8
conlinued...

THE RATCLIFFE FOUNDATION
NOTESTOTHE FINANCIAL STATEMENTS- conllnued
FOR THE YEAR ENDED 30 NOVEMBER 2023
SUPPORT COSTS
Governance
costs
Charitable
989
Supporl costs, included in the above. are as follows..
30.11.23
30.11.22
Total
aclivilie5
Charitable
Accountancy
989
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remvneralion or other benefits for the year ended 30 November 2023 nor
for the year ended 30 November 2022.
Trustees, •xpen5es
There were no trustees, expenses paid lor the year ended 30 November 2023 nor for the year ended
30 November 2022.
DEBTORS- AMOUNTS FALLING DUE WITHIN ONEYEAR
30.11.23
3Q.11.22
HMRC Gill aid
6,250
10.
CREDrroRS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23
30.11,22
Trade creditors
Accrued expenses
1.460
975
1,460
900
2.435
2,360
RELATED PARTY DISCLOSURES
One of the trustees donated £29,00012022.. É69.0001 lo the Foundation during the year.
Another ol the Iruslees provided consultancy services during the year on an arm's length basis.
lolalling £7,52012022.' £17,520).
Paye 9