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** 1. **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) 2. **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) 3. **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)** 4. **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) 5. **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) 6. **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) 7. **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) 8. **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: ## |[**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**| Page 18 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. Page 19