Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
Registered number: 07466391 Charity number: 1139326
BERRY STREET FOUNDATION (UK) LIMITED
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 19 |
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024
| Trustees | D R Wolfe, Trustee |
|---|---|
| L G Wolfe, Trustee | |
| R U Redpath, Trustee | |
| V R Wolfe, Trustee | |
| Company registered number 07466391 Charity registered number 1139326 Registered office Ballinger Meadow Ballinger Great Missenden HP16 0RR Accountants Blick Rothenberg Limited Chartered Accountants 16 Great Queen Street Covent Garden London WC2B 5AH Bankers Barclays Bank plc 43 Brook Street London W1K 4HD Solicitors Farrer & Co LLP 66 Lincoln's Inn Fields London WC2A 3LH |
Page 1
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Berry Street Foundation (UK) Limited (the company) for the year ended 31 December 2024. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
The trustees report includes those elements of a strategic report required under the Companies Act 2006.
Objectives and activities
a. Policies and objectives
The company is registered as a members' limited liability company and was set up by a memorandum of association.
The company is constituted under a memorandum of association and is a registered charity number 1139326.
The charity is organised so that the Trustees meet regularly to manage its affairs. There must be a minimum of two Trustees and a maximum of six. Trustees can co-opt further Trustees whose appointments would then need to be confirmed at the next general meeting.
Berry Street Foundation made donations and commitments to the following organisations in 2024
- Home-Start Hertfordshire: £15k - Providing in-home care to families in need in Hertfordshire
Home-Start Hertfordshire provides families struggling with isolation, physical health problems, post-natal depression, bereavement and many other issues through family mentors. Through practical and emotional support, the trained mentors give parents the skills, confidence and strength they need to nurture their children.
(home-startherts.org.uk)
- PANDAS: £15k - Providing vital perinatal mental health support for Mothers and Fathers throughout the UK
Postnatal depression (PND) is a common problem that occurs after pregnancy and affects more than 1 in 10 women within a year of giving birth. It can also affect Fathers and partners. PND can present itself in different ways, and many parents don’t realise they have the condition because it can develop gradually over time. PANDAS offers a variety of support options including email, phone, whatsapp and in-person group support for Mothers and Fathers.
(pandasfoundation.org.uk)
- Save the Children: £25k per annum for 4 years - Save the Children Girls Impact Fund gives life-saving support and empowerment for vulnerable women and girls
Save the Children believes in a world where every girl has the power to determine her own future. Founded by the Women’s Network, the Girls’ Impact Fund paves the way for a new approach to supporting girls, channelling specific funding and activities designed for, and with, girls. The Girls’ Impact Fund will prioritise approaches that are led by girls, and which help them to become more empowered. We’ll listen to girls about their lived experiences and the challenges they face, and work with them to make sure their needs come first.
(savethechildren.org.uk)
Page 2
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activities (continued)
- School and Family works: £30K - Providing systemic family therapy in South London schools
The School & Family Works was founded in 2009 by Mark Griffiths, an experienced educational psychotherapist, and became a registered charity in 2023. They support children facing adversity to succeed in school by building strong, collaborative communities between schools and families. Their work focuses on improving wellbeing, strengthening relationships, and enabling long-term change.
(sfwfamilygroup.org)
- Great Ormond Street Hospital: £50k per annum for 4 years - Critical Care Unit fund at Great Ormond Street Hospital via the Tick Tock Club
Cancer is the biggest killer of children aged one to 14 in the UK. Great Ormond Street Hospital charity are building a new, world-leading Children’s Cancer Centre, which will drive transformation in children’s cancer care and save more lives.
(gosh.org)
- The Anna Freud Centre: £49,836 for Healthy Relationships Project
The Anna Freud Centre (formerly the Anna Freud National Centre for Children and Families) is a child mental health research, training and treatment charity based in London, United Kingdom. The Centre aims to transform mental health provision in the UK by improving the quality, accessibility and effectiveness of treatment, bringing together leaders in neuroscience, mental health, social care and education.
In 2024 Berry Street Foundation continued to work with the Anna Freud Centre for Children and Families, funding the Healthy Relationships Project which aims to equip schools with the tools for creating an inclusive environment that prioritises emotional wellbeing and academic success. Our contribution includes the design, creation and provision of materials to support schools with delivery of mental health resources support to students.
(annafreud.org)
- Brainwaves: £43,454 to contribute to development of Year 7 PSHE lessons in primary and secondary schools
Brainwaves is a charity initiative led by the University of Oxford in partnership with The Day, aimed at addressing the mental health crisis among young people. The initiative provides free lesson materials for teachers and free CPD webinars for teachers to enhance their understanding of adolescent mental health.
(brainwaveshub.org.uk)
- Now Teach: £50,000 towards a support and wellbeing programme for Now Teach’s growing network of teachers
Now Teach is an innovative programme to train and support adults who are changing careers to teaching.
(nowteach.org.uk )
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Page 3
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activities (continued)
Achievements and performance
a. Reserves policy
The charity is currently reliant upon personal and corporate donations, and plans to retain sufficient free reserves to cover 12 months' expenditure.
The trustees allow for a transfer from the endowment fund to allow for any shortfall of current income over expenditure (2023: £nil). The concept of expendable endowments, which had previously characterised the personal donations was dropped in 2024, and all donations from both personal and corporate sources are to be treated as unrestricted funds.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Transactions and financial position
The Statement of Financial Activities on page 7 shows that the net decrease in funds of £204,157 (2023:increase £151,978) and at the balance sheet date the charity had surplus reserves of £1,028,493 (2023: £1,232,650).
c. Investment policy
Management of the Foundation's investments is provided by Barclays Bank PLC which manages the investments in line with the investment policy set by the Trustees and report back to the Board on the performance of the portfolio on a quarterly basis. The Trustees continue to maintain an ethical investment policy.
Structure, governance and management
a. Constitution
Berry Street Foundation (UK) Limited is registered as a charitable company limited by shares and was set up by a memorandum of association.
b. Methods of appointment or election of Trustees
The management of the charitable company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Page 4
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management (continued)
c. Financial risk management
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company 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 company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company exemptions
In preparing this report, the trustees have taken advantage of the small company exemption provided by Section 415A of the Companies Act 2006.
Approved by order of the members of the board of Trustees and signed on their behalf by:
|[<Feaave] Signed by:[Wolk]
D R Wolfe Trustee Date: 23-Sep-25 | 16:52 BST
Page 5
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner's report to the Trustees of Berry Street Foundation (UK) Limited ('the company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2024.
Responsibilities and basis of report
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Signed: Dated: 23-Sep-25 | 16:54 BST ASSDB73BE5414B0... Mark Hart FCA
Blick Rothenberg Limited Chartered Accountants
Page 6
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Income and endowments from: Donations and legacies 2 Investments 3 Total income and endowments Expenditure on: Raising funds 4 Charitable activities 6 Total expenditure Net (expenditure)/income before net gains on investments Net gains on investments Net (expenditure)/income Transfers between funds 11 Total transfers Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Endowment funds 2024 £ - - - - - - - - - (1,242,372) (1,242,372) (1,242,372) 1,242,372 (1,242,372) - |
Unrestricted funds 2024 £ 230,000 14,869 244,869 6,831 565,670 572,501 (327,632) 123,475 (204,157) 1,242,372 1,242,372 1,038,215 (9,722) 1,038,215 1,028,493 |
Total funds 2024 £ 230,000 14,869 244,869 6,831 565,670 572,501 (327,632) 123,475 (204,157) - - (204,157) 1,232,650 (204,157) 1,028,493 |
Total funds 2023 £ - 12,948 |
|---|---|---|---|---|
| 12,948 | ||||
| 6,097 2,310 |
||||
| 8,407 | ||||
| 4,541 147,437 |
||||
| 151,978 - |
||||
| - | ||||
| 151,978 | ||||
| 1,080,672 151,978 |
||||
| 1,232,650 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 19 form part of these financial statements.
Page 7
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED REGISTERED NUMBER: 07466391
BALANCE SHEET AS AT 31 DECEMBER 2024
| 2024 | 2024 | 2023 | ||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| Fixed assets | ||||||
| Investments | 8 | 1,301,950 | 1,218,225 | |||
| Current assets | ||||||
| Cash at bank and in hand | 53,852 | 27,287 | ||||
| 53,852 | 27,287 | |||||
| Creditors: amounts falling due within one | ||||||
| year | 9 | (327,309) | (12,862) | |||
| Net current liabilities / assets | (273,457) | 14,425 | ||||
| Total assets less current liabilities | 1,028,493 | 1,232,650 | ||||
| Total net assets | 1,028,493 | 1,232,650 | ||||
| Charity funds | ||||||
| Endowment funds | 11 | - | 1,242,372 | |||
| General funds | 11 | 1,028,492 | (9,723) | |||
| Share capital | 1 | 1 | ||||
| 11 | ||||||
| Total funds | 1,028,493 | 1,232,650 |
The charitable company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The Trustees consider that the charity is entitled to exemption from the requirements to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the charity to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
D R Wolfe Trustee Date: 23-Sep-25 | 16:52 BST
The notes on pages 9 to 19 form part of these financial statements.
Page 8
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Berry Street Foundation (UK) Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are presented in Sterling (£).
1.2 Going concern
After making enquiries, the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
1.3 Company status
The company is a company limited by shares. The member of the charitable company is Berry Street Foundation Charitable Trust.
1.4 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Designated funds are funds set aside by the trustees out of unrestricted funds for specific future purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Page 9
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting policies (continued)
1.5 Incoming resources
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid by the bank.
Where donated item is an investment, it is shown at fair value on the date of the gift.
1.6 Resources expended
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
1.7 Liabilities
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
1.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.9 Investments
Investments are stated at market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year.
Page 10
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting policies (continued)
1.10 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction 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.
1.11 Taxation
The company is a registered charity (1139326) and is not subject to corporation tax on its income and gains to the extent they are used for charitable purposes.
2. Income from donations and legacies
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Donations | 230,000 | 230,000 | - |
Page 11
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
3. Investment income
| Unrestricted funds 2024 £ Income from listed investments 12,586 Investment income 2,283 14,869 Unrestricted funds 2023 £ Income from listed investments 12,085 Investment income 863 12,948 |
Total funds 2024 £ 12,586 2,283 |
|---|---|
| 14,869 | |
| Total funds 2023 £ 12,085 863 |
|
| 12,948 |
4. Investment management costs
| Investment management fees Investment management fees |
Unrestricted funds 2024 £ 6,831 Unrestricted funds 2023 £ 6,097 |
Total funds 2024 £ 6,831 |
|---|---|---|
| Total funds 2023 £ 6,097 |
Page 12
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. Analysis of Grants
| The Anna Freud Centre PANDAS Transgenerational charity Great Ormond Street Hospital STCF Philanthropy Now Teach Home-Start Hertfordshire University of Oxford Save the Children |
2024 £ 49,836 15,000 30,000 200,000 25,000 100,000 25,100 43,454 75,000 563,390 |
2023 £ 42,381 - - - - - - - - |
|---|---|---|
| 42,381 |
Page 13
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. Analysis of expenditure on charitable activities
Summary by fund type
| Accountancy fees Grants Accountancy fees |
Unrestricted funds 2024 £ 2,281 563,389 565,670 Unrestricted funds 2023 £ 2,310 |
Total 2024 £ 2,281 563,389 |
|---|---|---|
| 565,670 | ||
| Total 2023 £ 2,310 |
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 14
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. Fixed asset investments
| Cost or valuation At 1 January 2024 as restated Additions Disposals Revaluations At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 Investments at market value comprise: All the fixed assets investments are held in the UK |
Other fixed asset investments £ 1,218,225 210,965 (250,715) 123,475 1,301,950 1,301,950 1,218,225 |
|---|---|
9. Creditors: amounts falling due within one year
| Accruals Accrued grants 10. Share capital Shares classified as equity Allotted, called up and fully paid 1 (2022 -1) Ordinary share of £1.00 |
2024 £ 2,391 324,918 327,309 2024 £ 1 |
2023 £ 2,310 10,552 |
|---|---|---|
| 12,862 | ||
| 2023 £ 1 |
Page 15
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. Statement of funds
| Statement of funds - current year Balance at 1 January 2024 £ Income £ Unrestricted funds General Funds - all funds (9,722) 244,869 Endowment funds Endowment Funds - all funds 1,242,372 - Total of funds 1,232,650 244,869 |
Statement of funds - current year Balance at 1 January 2024 £ Income £ Unrestricted funds General Funds - all funds (9,722) 244,869 Endowment funds Endowment Funds - all funds 1,242,372 - Total of funds 1,232,650 244,869 |
Expenditure £ (572,501) - (572,501) |
Transfers in/out £ 1,242,372 (1,242,372) - |
Gains/ (Losses) £ 123,475 - 123,475 |
Balance at 31 December 2024 £ 1,028,493 |
|---|---|---|---|---|---|
| Unrestricted funds General Funds - all funds Endowment funds Endowment Funds - all funds Total of funds |
Balance at 1 January 2024 £ (9,722) 1,242,372 1,232,650 |
||||
| - | |||||
| 1,028,493 |
The transfer between funds represents the reclassification of endowment funds as general unrestricted funds.
Page 16
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds - all funds Endowment funds Endowment Funds - all funds Total of funds |
Balance at 1 January 2023 £ 1 1,080,671 1,080,672 |
Income £ 12,948 - 12,948 |
Expenditure £ (8,407) - (8,407) |
Transfers in/out £ (14,264) 14,264 - |
Gains/ (Losses) £ - 147,437 147,437 |
Balance at 31 December 2023 £ (9,722) 1,242,372 1,232,650 |
|---|---|---|---|---|---|---|
Page 17
Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
12. Summary of funds
Summary of funds - current year
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | Gains/ | December | |||
| 2024 | Income | Expenditure | in/out | (Losses) | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| General funds | (9,722) | 244,869 | (572,501) | 1,242,372 | 123,475 | 1,028,493 |
| Endowment | ||||||
| funds | 1,242,372 | - | - | (1,242,372) | - | - |
| 1,232,650 | 244,869 | (572,501) | - | 123,475 | 1,028,493 | |
| Summary of funds - prior year | ||||||
| Balance at | ||||||
| Balance at | 31 | |||||
| 1 January | Transfers | Gains/ | December | |||
| 2023 | Income | Expenditure | in/out | (Losses) | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| General funds | 1 | 12,948 | (8,407) | (14,264) | - | (9,722) |
| Endowment | ||||||
| funds | 1,080,671 | - | - | 14,264 | 147,437 | 1,242,372 |
| 1,080,672 | 12,948 | (8,407) | - | 147,437 | 1,232,650 | |
13. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2024 £ Fixed asset investments 1,301,950 Current assets 53,852 Creditors due within one year (327,309) Total 1,028,493 |
Total funds 2024 £ 1,301,950 53,852 (327,309) |
|---|---|
| 1,028,493 |
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Docusign Envelope ID: F51199E4-1E6F-442E-A430-1B056F5EE854
BERRY STREET FOUNDATION (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
13. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
| Fixed asset investments Current assets Creditors due within one year Total |
Endowment funds 2023 £ 1,218,225 24,147 - 1,242,372 |
Unrestricted funds 2023 £ - 3,140 (12,862) (9,722) |
Total funds 2023 £ 1,218,225 27,287 (12,862) 1,232,650 |
|---|---|---|---|
14. Controlling party
The charitable company is a wholly owned subsidiary of the Berry Street Foundation Charitable Trust.
15. Related party transactions
During the year the charity received donations from a company controlled by the trustees amounting to £230,000.
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