Charity Registration Number 1135961 THE EIGHTEEN FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE EIGHTEEN FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEX Page Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
THE EIGHTEKN FUI¥D FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REPORT Trustees The trustees during the period were Andrew Rashbass Jacqueline Rashbas8 Elle Rashbass The address of the trust is 17 Wykeham Road, London NW4 2TB. Andrew Rashbass made personal donations of £19,917 (2024: £31,189) to the trust during the period. Jacqueline Rashbass mad¢ personal donations of £12,751 (2024: £8,394) to the trust during the period. Donations of £193,000 (2024: £149,700) were mad¢ to th¢ charity from a fund of which the three trustees are also trustees. Structure, Governance and Management The trust was set up by a deed dated 9 May 2010 and registered as a charity with the Charity Commission on 17 May 2010 under the name Rashbass Family Trust. The charity changed its name to The Eighteen Fund on I l March 2018. The tNstees meet regularly to review applications, oversee the activities of the trust and consider whether there are any risks to which the charity is exposed which require the establishment of systems or procedures necessary to manage those risks. Objectives And Activities The objects of the trust are The prevention of relief of povety; The advancement of education. The advancement of religion. The advancement of health or the Saving of lives; Th¢ relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage; and Any other purposes currently Tecogmised as charitable and any new charitable Purposes which are similar to another charitable purpos¢.
THE EIGHTEEN FUND FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REPORT (CONTINUED) Tlie pi'iilclpcil activities of the chic rity wei'e tlie granting ot doiic2tioiis to lt cliieve tlie objectives above. The tiustees ale awai'e of the Charity Coiiimission giiidaiice oli piiblic benefil i'epoiting as set oiit in Sectioii 4 Chai-ities Acl ?01 l. Tlie tnistees believe tl)<ll tlie Lliai'ity klLliieves u public beiiefit thi'oiigli tl)ese objectives. Diiriiig tlie pei'iod, tot¢?1 iiicoining resoiirces were £236,165 (?024: £201,591) fi-0111 Hiliicli gyi}11)ts of £330.812 (?024: £933,204) weir inade. Tliei'e (ire iio designated reserves. Plaiis for Fiiture Periods Tlie aLtivitie5 foi" fiittire pei.iods will coiitiiiue to be tlie graiiting of donatioi)s in PLII'SLlclllLe ot" tlie ti'iist't* objectives. SigFiied 01123 Noi'einber 2025 JACQUELINE RASHBASS Oil belicilf of tlie Ti-ustees
THE EIGHTEEN FUND CHARITY NUMBER 1135961 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE IGHTEEIY FUND I report on the accounts of the trust for the year ¢nded 31 March 2025. which are s¢t out on pages 5 to Respective Responsibilities of Trustees and Independent Examiner As the trustees of the charity* you are responsible for the preparation of the financial statements in accordance with the requirements of the Charitie5 Act 2011 ('the 2011 Act.). I report in respect of my examination of the chartty's accounts a8 carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 ACL Bas15 of Independent examlner's report My cxamination was carried out in accordance with the 8encral Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with thosc records. It also includes consideration of any unusual items or disc105ures in the a¢counts and se¢king explanation5 from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requxred in an audit and consequently no opinion is given as to whether th¢ accounts pr¢sent a 'true and lair view, and the report is limit¢d to those matters set out in the statement below. Independent ¢xamlner's statement I have completed my examination. I confm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act. or 2. the financial statements do not accord with those re)rds. or the financial statements do not comply with the a¢counting requirements concerning the forni and content of accounts set out in the Chorilies (Accounts andReports) Regulations 2008 other than any requiremcnt that the accounts give a 'true and fairf view which 18 not a matter considered as part of an independ¢nt ¢xamination' or I have no ¢on¢¢rns and hav¢ corne across no other matters in ¢onnection with the examination to which attention should be reached. in this report in order to enable a proper understsnding of the accounts to be Justin owan, FCA Date: 14 2oLf Albeck Llmited Chartered Accountants 49 Mowbray Road Edgware middles HA8 8JL
THE EIGHTEEN FUND (Charity Registration Number 1135961 STATEMLNT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note Incoming resources Incoming resources from generated funds Donations received Inland Revenue tax repayment Bank interest received 225,668 8,167 2.330 236,165 189,283 9,895 2,413 201,591 Resources expended Charitable Activities Charitable grants awarded Administrative expenses Professional fees 330,812 107 360 331279 233,204 96 360 233,660 Movement in funds (95,114) (32,069) Total funds brought forward 146,929 178,998 Total funds carried forwydrd 51,815 146,929
THE EIGHTEEN FUND (Charity Registration Number 1135961 BALANCE SHEET AS AT 31 IWIARCH 2025 2025 2024 CURRENT ASSETS Gift Aid rcceivable 50 52,125 52,175 137,393 147,289 CURRENT LIABILITIES Accni¢ils (3C)O) (3C)O) NET ASSETS 51,815 14() 1)2CJ FUNDS Uiii'c.sti'ictcd 51,815 14CI.929 Api)ioved by tlie tnistees on 23 Noveiiiber 2025 aiid sigiied on tlieir bel)alf by ,Yacqiieliiie Rashbass Triistee
THE EIGHTEEN FUND NOTES TO THE FINANCIAL STATELKENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUTr4TING POLICIES (a) Basis of accounting These accounts have been prepared under the historical cost convention, with items recolSed at cost or transaction value, and in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities. the Financial Reporting Standard applicablc in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and updated on 2 February 2016, and the Charities Act 201 I. The charity constitutes a public benefit entity as defmed by FRS 102. (b) Changes to accounting policies There have been no changes to accounting policies. the accounts present a true and fair view and the accounting policies adopted are those outlin¢d in the not¢s to the accounts. (c) Changes to aeeountlng estimAtes No changes to accounting estimates have occurred in the reporting period. (d) Material prior year errors No material prior year errors have been identified in the reporting period. (e) Recognition of income Income is recognised in the SOFA when: it is more likely than not that the trnstees will receive the resources; and the monetary value can be measured with sufficient reliability. (D Tax reclaimed Oll donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recoveied on a donation is considered to bc part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the tern]s of th¢ appeal have specified otherwise.
THE EIGHTEEN FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POLICIES (CONTINUED) (g) Grants Grants awarded are accounted for on a cash basis. 2. DONATIONS 2025 2024 Donations and Gifts 225,668 189,283 3. CHARITABLE GRANTS Charitable grants and donations of £330,8 12 (2024: £233,024) were all made to institutions or individuals for the following charitable purposes: 2025 2024 The prevention of relief of poverty The advancement of education The advancement of religion The advancement of health or the saving of lives The relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage Other charitable purposes 144,779 44,315 138,884 116,569 11,876 84,020 776 200 270 1,788 330,812 758 19,781 233,204 Details of material grants are available on request to the trustees. There were no employees during the period.
THE EIGHTEEN FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 MARCH 2025 4. TRUSTEES, REMUNERATION The Trustees neither received nor waived any emoluments during the period. During the period, the Trustees were reimbursed £Nil (2024: £Nil) for personal expenses incurred. 5. RELATED PARTY TRANSACTIONS Andrew Rashbass made personal donations of £19,917 (2024: £31,189) to the trust during the period. Jacqueline Rashbass made personal donations of £12.75] (2024: £8,394) to the trust during the period. Donations of £193.000 (2024: £149,700) w¢r¢ mad¢ to the charity from a fund of which the three trustees are also trust¢¢s.