REGISTERED CHARITY NUMBER: 1140655 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION Walker Thompson Ltd Accountants and Registered Auditors Empress House 43A Binley Road Coventry CV31HU
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION CONTENTS OF THE FINANCIAL STATEIVIENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Indepèndent Examlnèr's Report statement of Flnanclal ActlvStle8 Balance Sheet Notes to the Flnanclal Statements 7 10 12 Detailed Statement of Financial Activities 13
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustee5 present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of A¢¢ounling and Reporling by Charities.. Statement of Recommended Practice applicable lo charities preparing their a¢coLJnls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The charitable objects of the Trust are that the trijslees shall hold the capital and income of the Trust upon trust to apply the income and all such part or parts of the capital. at such time or limes and in such manner lo, or for the benefit of, such exclusively charitable objects and purposes in any part of the world as the trustees in their discretion think fit. The settlor of the Trust expressod a wish for the trustees to apply the income and capital to charitable objects and purposes ben8fitling children (persons under the age of 18 years) and atkimals. Public benefit The trustees conlimi that they have referred to the guidance contained within the Charity Commission's general guidance on public benefi't when reviewing the Trust's aims and objectives and in planning their current and future strategies in re5pe¢t of Gharilable grant making. ACHIEVEMENTS AND PERFORMANCE The Irusleès considered a number of projects for Donations during the year. Donations of £3,000 were made lo Himalayan Trust UK lo support a building project in Nepal, £25,000 to Redwings Horse Sanctuary in support of fitting out a building for rescue anim21s, £10,000 10 Isle of Play for improving childrens life experiences in the Isle of Man, and £5,000 to Hero Paws supporting retired working dogs who have served in various UK based services. The Trust has 8 commercial rental units in Middlesborough which were donated by the Settlor with a view to generating income for the Trust. The Current annLJal rent of the units is £62,622. When the units are fully occupied this reduce5 costs for the Trust a5 It doe5 not bear service charge and insurance costs and will enable further donations lo be made. Repairs of £4,485 were required to the units comprising guttering, damp proof, drainage, and electrical maintenance. FINANCIAL REVIEW Financial position The nel surplus for the year amounted to £20,884 {nel surplus at 31 December 2023.. £9,091). At 31 December 2024, the Trust had net assets of £793.242131 December 2023..£772,3581. Reserves poli¢y The Trustees consider that they should maintain a level of unreslricled reservos that would enab58 them to continue with the Trust's charitable objectives for the foreseeable future iri the event of a loss of income. In accordance with the direction of the governing tru51 deed The Trustees are also permitted to set aside a proportion of the Trust's income into a Capital Fund in order to create a more substantive base for the Trust as well as providing a resetve for any significant repairs or property improvements that might be necessary. Al 31 December 2024 the balance on unrestricted Income funds amounted to £48,205 {2023'. £27,321)., Ihe balance on the designated capital fund amounted to £745,03712023'. £745,037). The charity's powers to invest ils funds are set out in the Trust's governing instrument. Any monies not immediately required for the furtherance of the Trusvs objects may be invested at the discretion of the Iruslees. There are no restrictions on the trustees, power to invest funds. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Charitable Foundation was established by a Trust Deed on 24th January 2011. Page 1
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Rècruitment and appointment of new trustees The minimum number of Iruslees is four and the maximum number is ten. Recruitment and appointment will be reviewed by the trustees as the needs arises. The power lo appoint new trustees is vested in Anthony and Elaine Belhell. Declsion making The trustees meet regularly to discuss the Trust's affairs and make declslons as required which they believe to be in the best interest of the Trust and its beneficiaries. Indu¢tion and training of new trustees The current trustees are responsible for the induction of any new trustees whlch involves awareness of a trustees, responsibilities. the governing document, adminislralive procedures and the histDry of the Trust, A new trLJStee would receive a welcomè pack which includes copies of the previous year, s annual report and accounts, a brief histOTy of the Trust and a copy of the governing docutnenl. the pack will also include a copy of the Charity Commission guidance 'The Essential Trustee.. What yotj need to know, and 'Charslies and Public Benefiv. Trustee approach to risk During the year under review, the trustees undertook a fvll review of the Risk Assessment applicable lo the charity. The assessment, in line with policy, covered Governance, Operations, Financial, External & Compliance and will be reviewed on an annual ba51S. The trustees have systems in place lo identify any conflicts of interest that may occur. When a confticl of interest arises. the relevant trLJStee or trustees agree lo withdraw from any discussion and decision. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1140655 Principal address Upper Rowley Wasperton Lane Barlord Wamickshire CV35 8DQ Trustees A F Bethell Mrs E Belhg11 M D Freeman I P Phillips Dr S Wassef E Jarrell (appointed 15.7.251 S Foster {appointed 6 5.251 Independent Examiner Chris Irvine Walker Thompson Ltd Accountants and Registered Auditors Empress House 43A Binley Road Coventry CV3 1HU Page 2
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Approved by order of the board of trustees on 24 September 2025 and signed on ils behalf by.. S Foster- Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION Independent examiner's report to the trustee of The Anthony and Elalne Bethell Chantable Foundation I report lo thè Iruslees on my examination of the financial statements of The Anthony and Elaine Bethell Charitable Foundation Ilhe Trust) for the year ended 31 December 2024, ResponsibTliti¢s and basls of report As the Iruslees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities A¢1 2011 Ilhe 2011 Acll. I report in respect of my examination of the Trusys financial stalemenls carried out under sects'on 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 ACL Indep8ndent examiner's statement Your attention is drawn to the fael that the charity has prepared financial statements in accordance with Aocounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in prefeience lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the exlanl regulations but has now been withdrawn. l understand that this has been done in order for financial statements lo provide a true and fair view in accordance wlh Generalty Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come lo my allenlion in conneclion with tho examination giving me cause to believe that in any material respect". 1 accounting records were not kept in respect of the Trust as required by section 130 of the 2011 Act. or 2 the financial statements do not accord with those records,. or 3 the financial slalements do not comply wllh the applicable requirements concerning the form and content of accounts sel out in the Charities (Account8 and Reports) Regulations 2008 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. I have no concerns and have come across no other matters in connection with the examination to which allenlion should be drawn in this report in order lo enable a proper understanding of the flnancial statements to be reachod. Chris Irvine Walker Thompson Ltd Accountants and Registered Auditors Empress House 43A Binley Road Coventry CV3 1HU 24 September 2025 Page 4
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Unreslricled funds 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Investment income 97,507 64,982 EXPENDITURE ON Raising funds 23,092 30,846 Charitable activities Worcestershire Animal Rescue Shelter Molly Olly's Wishes Bilston Town Community Football Club Ltd Hima12y8n Trust UK Redwings Horse Sanctuary Isle of Play Hero Paws 2,500 5,000 7,500 3,000 25,000 10,000 5,000 Other 10,531 10.045 Total 76,623 55,891 NET INCOME 20,884 9,091 RECONCILIATION OF FUNDS Total funds brought forward 772.358 763,267 TOTAL FUNDS CARRIED FORWARD 793,242 772,358 CONTINUING OPERATIONS All income and &xpendilure derive from continuing activities. The statement of financial activities includes all gains and losses recognised in the year. The notes form parl of these fi'nancial ststements Page 5
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION BALANCE SHEET 31 DECEMBER 2024 2024 Unrestricted funds 2023 Total funds Notes FIXED ASSETS Investment property 745,037 745,037 CURRENT ASSETS Debtors Cash al bank 22,371 46,733 1,232 43,864 69,104 45,096 CREDITORS Amounts falling due wilhin one year 120.8991 (17,7751 NET CURRENT ASSETS 48,205 27.321 TOTAL ASSETS LESS CURRENT LIABILITIES 793,242 772.358 NET ASSETS 793,242 772,358 FUNDS Unreslricled funds.. General fund Designated fLTrnd 10 48,205 745,037 27,321 745,037 793,242 772,358 TOTAL FUNDS 793,242 772,358 The financial statements weTe approved by the Board of Trustee5 and authonsed for issue on 24 September 2025 and were signed on ils behalf by.. S Foster- Trustee The notes form parl of these financial statements Page 6
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEWIENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The fi'nancial slalements have been prepared in accordance with the ¢harity's Trust Deed. the Charities A¢t 2011 and "Accounting and Reporting by Charilie5." Statement of Recommended Practice applicable lo charities preparing their accoL(nts in accordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191 The Trust ig a Public Benefit Entity as defined by FRS 102. The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows, The financial statements have departed from the Charities (Accounts and Reports) Regulation5 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommenoled Practice for charitiès applying FRS 102 rather than the version of the Statement of Recommended Pra¢li¢e which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial slalements 2re roundèd to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties. The principal accounting policies adopted are set out herewith. Crltlcal accountlng Judgements and key sources of estimation uncertalnty In the application of the Trust's accounting policies, the Iru51ees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and Ltnderlying assumptions are reviewed on an ongoing basis. Revlsions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future perlods where the revision affects both current and future periods. Income Income is recognised when the Trust is legally enlilled to it after any performance condition5 have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipl. Other donations are recogni5ed once the Trust has been notified of the donation. unlgss perfoTm8nce conditions require deferral of the amount. Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the amount is known, and receipt is expeclecl. If the amount is not known, the legacy is treated as a contingent asset. Expenditure ExpendilL¢re is recognised once there is a legal or conslruclive obligation lo transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation Can be measured reliably. Page 7 continued.
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES- continued Expendituro Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support oosls involved in undertaking each activity. Direct costs allribulable to a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and suppoil costs which are not allributable to a single activity are apporlioned beeern those activities on a basis consistent with the use of resources. Central staff costs are allo¢aled on the basis of lime spent, and depreciation charges are allocated on the portion of the asset's use. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Trust lo that expenditure, It is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expendilure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot b8 directly allributed to particular headings they have been alloGaled to activities on a basis consistent with the use of resources. Grants offered subject lo conditions which have not been met at the year end date are noted as a commitment but nol accrued as expenditure. Investment property investment properly, which is property held to earn rentals andlor for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or defioil on ievalualion is recognised in profil or loss. Charltable funds Unreslricled funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside al the discretion of the Iruslees for specific purposes. The purposes and uses of the designated funds are sel out in the notes lo the financial statements. Reslricled funds are subject to specific conditions by donors as to how they m8y be used. The purposes and uses of the restricted funds are sel out in the notes to the financial st8temenls. Golng concern Al the lime of approving the financial slalements, the Iruslees have a reasonable expèctation that the Foundation has adequate resources to continue in operational existence for the foreseeable future. Thus the Iruslees Continue to adopt the going concern basis of accounting in preparing the financial statements. INVESTMENT INCOME 2024 Unreslricled funds 2023 Total funds Rents received Sundry income Dilapidations income 62,662 19,623 15,222 64,882 100 97,507 64,982 Page 8 continued...
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 RAISING FUNDS Raising funds Costs 2024 Unreslricled funds 2023 Total funds Light and heal Insurance Professional & legal fees Rent collection fees RepaiTS & maintenanc8 SeTvice charges Bad debts Advertising 1,435 441 12,444 1,424 4.485 2,238 1.265 533 3,814 22,004 1,600 1,630 625 23,092 30,846 SUPPORT COSTS Governance and admin costs Other resources expended 10,531 Support costs, included in Ihe above, are as follows.. Governance and admln costs 2024 Other resources expended 2023 Total activities Wages Software Independent examination fees Bank charyes Ac¢ounlancy Sundry costs 5,075 441 2.000 89 2,377 549 5,000 385 2,000 72 2,380 208 10,531 10,045 Page 9 continued...
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 310ecember 2023. Trust¢e$' èxpenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. EMPLOYEES During 2024 there was 1 part b'me employee12023.' 11. INVESTMENT PROPERTY FAIR VALUE At 1 January 2024 and 31 December 2024 745,037 NET BOOK VALUE Al 31 December 2024 745,037 Al 31 December 2023 745,037 Investment property was revalued on the 17th Dember 2020 by Dodds Brown LLP chartered surveyors and property consultants. The Trustees are satisfied that the net book value al 31st December 2024 is a fair value within the current economic climate and in its current situation. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors 21,553 818 1,060 172 22,371 1,232 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Taxalton and social security Other creditors 1,267 3,521 16,111 1,655 16,120 20,899 17.775 Page 10 continued...
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. MOVEMENT IN FUNDS Net movement funds At 31.12.24 At1.1,24 Unrestricted funds General fund Designaled fund 27.321 745,037 20,884 48,205 745,037 772,358 20,884 793,242 TOTAL FUNDS 772,358 20,884 793,242 Net movement in funds, included in the above are as follows.. Incoming resources Resources expende Movement in funds Unrestricted funds General fund 97,507 176,6231 20,884 TOTAL FUNDS 97.507 176,6231 20,884 Comparative5 for movement in funds Nèl movement in funds At1.1.23 31.12.23 Unrestricted funds General funcl Designated fund 18,230 745,037 9,091 27,321 745,037 763,267 9,091 772,358 TOTAL FUNDS 763,267 9,091 772,358 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrgstricted fund8 General fund 64,982 155,8911 9,091 TOTAL FUNDS 64,982 155,891} 9,091 Page11 onlinued.
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. MOVEMENT IN FUNDS- conlinued A current year 12 months and prior year 12 months combined position is as follows.. Nel movement in funds At 31.12.24 At 1.1.23 Unrestricted funds General fund Designated fund 18,230 745,037 29,975 48,205 745,037 763,267 29,975 793,242 TOTAL FUNDS 763,267 29,975 793,242 A current year 12 months and PTior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming resources ReSoUrS expended Movement in fund5 Unrestricted funds General fund 162,489 (132,5141 29,975 TOTAL FUNDS 162,489 {132,5141 29,975 11. RELATED PARTY DISCLOSURES During the year Setvices Charyes of £2,33912023'. £1.6001 and Insurance of £441 12023.. £533} were charged by Second Riverside Syndicate Management Limited. This company manages the comrron areas on behalf of all the properly owners on the industrial estate. By virtue of his shareholdings, Mr Bethell has control of this company. Page 12
THE ANTHONY AND ELAINE BETHELL CHARITABLE FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Unreslricled funds 2023 Total funds INCOME AND ENDOWNIENTS Investment income Rents received Sundry income Dilapidations income 62,662 19,623 15,222 64.882 100 97,507 64,982 Total Incomlng resources 97,507 64,982 EXPENDITURE RaisSng funds costs Light and heal Insurance Professional & legal fees Rent collection fees Repairs & maintenance Service charges Bad debts Advertising 1.435 441 12,444 1,424 4,485 2,338 1,265 533 3,814 22,004 1,600 1,630 525 23,092 30,846 Charitable activities Grants payable 43,000 15,000 Governance and Admlnlstratlon Governance and admin costs Wages SofbNare Independent examination fees Bank charges Accountancy Sundry costs 5,075 441 2,000 89 2,377 549 5,000 385 2.000 72 2,380 208 10,531 10,045 Totsl resources expended 76,623 55.891 Net incomellexpenditurel 20,884 9.091 This page does not fomi part of the slalutory financial statements Page 13