Registered number: 07570613 Charity number- 1142242 THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE GEOFFREY HARRISON FOUNDATION IA company Ilmited by guarantee) CONTENTS Page Reference and admlnlstrative details of the Company, Its Trustees and advlsers Trustees. report Independent examlner's report Statement of flnancial activities Balance sheet Notes to tha financial Statements 9-16
THE GEOFFREY HARRISON FOUNDATION IA company Ilmltgd by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trusteès C J Aylward G Booth D Foskell G C Harrison G G Harrison R D Harrison Lord R G A Lingfield Company reglstered number 07570613 Charity registered numbfrr 1142242 Registered offi¢e Oxford House Oxford Road Thame Oxfordshire OX9 2AH Page 1
THE GEOFFREY HARRISON FOUNDATION {A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report along with the financial statements of the Foundation for the year 1 April 2024 10 31 March 2025. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial stalem8nls of the charitable company comply with the current slalulory requirements, the requirements of the charitable company's governing document and the provisions of the Slalemenl of Recommended Practice ISORPI applicable to charities preparing their accounts In accordance with th& Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 2019}- Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 Islralegic Report and Directors, Report) Regulations 2013 has been omilled. structure. governanco and managomont The Governing Document of the Charity is ils Memorandum and Articles of Association dated 15 March 2011. The company, limited by guarantee, was incorporated on 18 March 2011. 11 is registered wlh the Charity Commission Iregislralion d818 3 June 20118nd number 11422421. The governing body is the Board of Trustees. The Trustees have control of the Foundation and ils property and funds. Trustees are appointed by the èxisting Trustees of the Foundation. On appointment the process is explained to new Iruslees and they are acquainted with the curronl position. The Trustees meet regularly throughout the year lo consider giants tD bg made, exisling charitable activitie5, current reserves and risk management policies and performance. The day to day adminislralion is delegated lo the company secretary and his support staff. Trustees The trustees throughout the year and lo the date of this report were.. C J Ayard G Booth D Foskett G C Harrison G G Harrison R D Harrison Lord R G A Lingfield Risk management The Trustees are aware of their responsibilities lo assess and manage both external and internal risks lo the Foundation and annually review the risks and assess their relevance to the current and future years. Any ri5k8 idtrnlified are considered regularly by the Trustees and appropriate actions taken lo reduce or eradi¢at8 th8S8 concems. Oblectlves and actlvltles The Governing Document of the Charity, the Memorandum and Articles of Association, sets out the objects of the charity which are all purposes that are charitable under the laws of England and Wales from lime to lime and in particular lo advance education and learning in the UK in connection with the hotel, re51auranl and hospilalily industries and lo hglp young people lo develop their capabilities and grow lo molurity ?s individua13 and as members of society. The Geoffrey Harrison Foundation was set up by Geoffrey Harrison and the other directors of Harrison Catering Services Ltd. Page 2
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Obje¢tive5 and activities {contlnuedl Geoffrey Harrison explained the reasons for launching the Foundation, 'Having enjoyed a lifelong career in this rewarding industry, I decided, with the support of the Harrison Catering Services directors. lo eslab5ish the Foundation, so that we could help young people wlh an interest in catering lo benefit from the opportunities afforded to me.. The trustees have decided that the Foundation should focus on encouraging year 10 and 11 students who have an interest in pursuing catering a5 a career. Funding has been provided lo allow students to attend Saturday courses al leading inslilulions.. Westminster Kingsway College IWKCI, the University of Wesl London IUWL} and Loughborough College ILCI. To dale more than two thousand five hundred students have cornpleled a junior chefs, eourse sponsored by The Geoffrey Harrison Foundation. Grant maklng pollcy The Iruslees meet biannually lo consider what grants they will make and lo review any feedback they have receThied. Achlevements and performance for the public bengfit The Iruslees have paid due consideration to the guidance issued on public benefit by the Charity Commission and believe that the Foundation meets the requirements. During the year the Foundation funded 21 courses, each made up of either len half days or five full days. On each course there were places for beeen 12 and 18 students. Students attended cours8s al either Weslminsler Kingsway College, the Universty of Wesl London, or Loughborough College. The Foundation also funded the Geoffrey Harrison Foundation Scholarship for a student al UWL who is studying for a degree in International Hospitalty hllanagement. Finally, sponsorship was provided lo a team from UWL that entered the Young Talent Escoffier 2024 competition in Paris. We have an exceptional group of trustees who all donate their lime freely. Quallfylng thlrd party Indemnlty provislons The ¢gmp?ny has arranged qualifying third paty indemnity for all of its directors. Page 3
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Financlal rgViQW The accounts, together with explanatory notes as sel out on pages 7 to 16. summarise the transactions of the Foundation during the year ended 31 Mah 2025. The Foundation's voluntary income Included a donation by Harrison Catering Services Limited of £65,00012024.. £55.0001 tou8ther with a grant from Savoy Educational Trust of £40,500 12024.. £40.5001. The Trustees are sincerely grateful lo these two organi88lions for their generous SUPPOrt. Expenditure during the year has Main related lo the cost of providing junior chef courses at WKC, UWL and LC. together with the Ggoffrey Harrison Foundation Scholarship al UWL. Investment pollcy and performance Under the Memorandum and Articles of Association, the charity has the power to invest in any way the Trustees wish. Having regard lo the liquidity requirements of the Foundation and to the reseNes policy, the Iruslees have decided Ihol available funds should be kept in an instant access deposit account until required. Rgsgrvgs policy The charity holds reserves to cover 11$ operational costs and lo meet existing commitments. The Trustees aim to keep adminislralion costs lo a minimum in order lo ensure that most of the income generated is distributed. T do so the Foundation operates on minimal overheads with many services and facilities provided by Harrison Catering Services Limf(ed. The unrestricted and designated funds are expendable at tho discretion of the Board of Iruslees, in furtherance of the objects of the funds. Al 31 March 2025 lolal reserves were £89,930 12024.. £72,025} and general unrestricted reserves were £62,930 {2024'. £45,025). This current reserve level is deemed sufficient lo cover all comrnilments for the next 12 months. Plans for the future periods Several more courses have been planned for year 10 and 11 students lo allend over the balan¢e of the 2024125 academic year, and this can be funded from the resetves currently held. After the year end, an application was made lo Savoy Educational Trust for 500A funding of up lo 24 courses per year for three years and Harrison Catering SeNices has ¢ommilled lo match this funding. In addition to the three existing eslablishmenls, this funding will also allow the junior chef courses lo be launched al Burton & South Derbyshire Co51ege in September 2025. These generous commitments will enable the Foundation lo give many hundreds of young people the opportunity lo cook in a commercial kitchen under the guidance of 8 professional chef lecturer. The Fgundation may also provlde grants lo Indlvldual students at Westmlnster Klngsway College and the University of West London, who show exceptional lalenl and would benefit from specific support. More information on the background and work of tho charity can be found at the Foundation's website www.geoffreyharrisonfoundation.org.uk Page 4
THE GEOFFREY HARRISON FOUNDATION {A company Ilmited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 ststement of responsibilltles The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for PTeparing the Trustees, report and the financial statements in accordance with applicable law and Unf(ed Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law require.s thp. Trustèes ID prepare financial slalemenls for each financial year. Under company law, the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the Company and of ils incoming resources and application of resources, including ils income and expenditure. for that period. In preparing these financial slalemenls, the Trustees are required lo.. select suitable accounting policies and then apply them ¢onsislenlly', observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., stsle whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial slalemenls., prepare the financial slalements on the going concern basis unless il is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Company's transactions and disclose with reasonable accuracy al any lime the financial pos11ion of the Company and enable them lo ensure that the f1nancial 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. The Iruslees wish to thank everyone associated w(Ih the Foundation for all their time and enthusiasm in supporting our objectives. This report has been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime. This report has been approved by the Board of Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by.. rison Chairman of Trustees Date.. IZ zois Page S
THE GEOFFREY HARRISON FOUNDATION {A Company limitèd by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent Examiner's Report to the Trustees of The Geoffrey Harrison Foundatlon {Ihe Company'l I rgport lo the charty Trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responslbllltles and Basis of Report As the Trustees of the Company land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.lhe 2006 Acl'}. Having sat18fied myself that the accounts of the Company are not required lo 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 20111'the 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examinerfs Statement I have completed my examination. I confimi that no matters have come lo my attention 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 of the 2006 Act.. or the accounts do not accord with those records,. or the &ccounl8 do not comply with the accountlng requirements of section 396 01 Ihe 2008 AGI ull)er Ilian any requirement that the accounts give a 'lrue and fairf 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 Slalemenl of Recommended Practice for accounting and reporting by Charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. I have no wncerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Chartties (Accounts and Reports) Regulations 2008, My work has been undertaken so that I might slate lo the Companws Trustees those mallers l am required lo slate to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not aGGept or assume responsibility to anyone other than the Company and the Companys Trustees as a body, for my work or for this report. Signed.. Alan Poole BA (Hon81 FCA Dated.. 13 November 2025 James Cowper Kreston Chart&red Accountants Apex Forbury Road Reading Berkshire RG1 1AX Page 6
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee} STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 MARCH 202S Re5triGted Unrestrlcted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Ineomè from: Donations and legacies Investments 40,500 65,000 1,259 105,500 1,259 95,522 Total incomo 40.500 66.259 106.7S9 95,527 Expenditure on: Charitsble activities 40,500 48,354 88,854 87,863 Total exp8nditure 40,500 48,354 88,854 87,863 Net movement In fvnds 17,905 17,905 7,664 Rc¢oncillatlon of funds: Total funds brought forward Nel movement in funds 13,500 58.525 17,905 72,025 17.905 64,361 7.664 Total fund$ ¢ariied fotward 13,500 76,430 89,930 72,025 The Statement of Financial Activities includes all gains and losses recognised in the year. The note8 on pages 9 to 16 form part of Ihosc financial statements. Page 7
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarante9} REGISTERED NUMBER: 07570613 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Current assets Debtors Cash al bank and in hand 7,430 93,107 118,520 118,520 100,537 Cred((ors'. amounts falllng due thin one year 10 128,590} 128,512} Net current assets 89.930 72,025 Total net assets 89,930 72.025 Charlty funds Restricted funds Unreslricled funds 13,500 13,500 Designated funds General funds 11 11 13,500 62.930 13,500 45,025 Total unrestricted funds 11 76,430 58,525 Total funds 89,930 72,025 The Company was entitled lo exemption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtsin an audrt for the year in question in accordance with section 478 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying wlth the requirements of the Act with respect lo accounting records and preparation of financial stalemenls. Th& financial statements have baan prepared in a¢cordance wlh the provisions applicable to entities subj8cI to the small companies regime. The financial slalemenls were approved and aulhorised for issue by the Trustees and signed on their behaLI by.. arrison Dale.. Zts The notes on pages 910 16 form part of these financial stalemenls. Page 8
THE GEOFFREY HARRISON FOUNDATION IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General informatlon The Geoffrey Harrison Foundation is a company limited by guarantee and a registered charity leompany number 07570613 and England and Wales registered charity number 11422421. 11 is govemed by its Memorandum of Association and its registered office is Oxford House, Oxford Road, Thame, Oxfordshire OX9 2AH. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities., Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Repiiblic of Ireland IFRS 102} and the Companies Act 2006. The Geoffrey Harrison Foundation meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are inffially recognised al historical cost or transaction value unless othe1$8 slated in the relevant accounting poliw. 2.2 Going concern The Trustees assess whelhgr th? use of going concem is appropriate i.e. whether there are any material uncertainties related lo events or condf(ions that may cast significant doubl on the ability of the foundation lo continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the dale ol aulhorisalion for issue of the financial slalemenls and have concluded that the foundation has adequate resources lo continue in operational existence for the foreseeable future and there are no material uncertainties about the foundation's ability lo continue as a going concem, thus they continue lo adopt the going concern basis of accounting in preparing the financial Statements. 2.3 Income All income is recognised once the Company has enlillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income receNed for specific purposes bul not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of enlitlemenl of receipt, its recognition is deferred and included in creditors as deferred income. Where enlillemenl occurs before income is received, the incorne is accrued. 2.4 Expendlture Charitable aclimties include expenditure associated with the operation of the foundation and the provision of ils objectives. It also includes governan costs, which consist of costs incurred in ensuring compliance with conslilulional and slalutory requirements. 2.S Interest receivablg Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 9
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles Icontinuedl 2.6 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 2.7 Cash at bank and In hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short malurily of three months or less from the date of acquisition or opening of the deposit or Similar account. 2.8 Liabilities and provlslons Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be esiimaled reliably. 2.9 Flnancial instruments The Company onty has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic flnanclal Instruments are initially recognised al IransuaEtivii value and subsequently measured al their selllernenl value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.10 Fund accounting General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general Dbjeclives of the Company and which have not been designated for other purposes. Designated funds Gomprise unreslri¢led funds that have been 8a1 aside by th¢ Tru31eeg for particular purposes. The aim and use of each designated fund is sel out in the notes lo the financial slalements. Reslricled funds are funds which are lo be used in accordance with 8pe¢rfic restrictions imposed by donors OT which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes lo the financial stalemenls. Investment in¢ome, gains and losses are allocated to the appropriate fund. Page 10
THE GEOFFREY HARRISON FOUNDATION (A company limited by guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacles Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Harrison Catering seICes Limited Savoy Educational Trust Other donations 65,000 65,000 40,500 55,000 40,500 22 40,500 40,500 65,000 10S.500 95,522 Total 2024 40,500 SS,022 95,622 Investment income Unrgstricted fvnds 2025 Total funds 2025 Total funds 2024 Bank interest received 1,259 1,259 Total 2024 Analysis of expendlture on charitable actlvltles Summary by fund type Restrlcted Unrestrieted funds funds 2025 2025 Total 2025 Total 2024 Grants payable Support costs 40,500 46,500 1,854 87,000 1,854 86,000 1,883 40,500 48,354 88,854 87,863 Tot812024 40.500 47,363 87,863 Page11
THE GEOFFREY HARRISON FOUNDATION IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activltles Direct costs 2025 Support costs 202S Total funds 2025 Total funds 2024 Grants payable Support costs 87,000 87,000 1,854 86,000 1,883 1,854 87,000 1,854 88.854 87,863 Total 2024 86,000 1,863 87,883 Analysis of direct costs Total funds 2025 Total funds 2024 Junior Chef courses Sludenl support 81,000 6,000 81,000 5,000 87,000 86,000 Analysis ofsupport costs Total funds 2025 Total funds 2024 Website expenses Independent Examinels fees Bank charges Travel expenses 109 1,512 185 1,S90 187 77 57 1,854 1,883 Page 12
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Sndependent Èxamlner's remuneration 2025 2024 Fees payable lo the Companls independent examiner for the independent examination of the Companls annual accounts 1,590 1,512 Trustees, remuneration and expenses During thè year, no Trustees reiVed any remuneration or other beneflt$12024- £NILI. During the year ended 31 March 2025, expenses tolalling £77 were reimbursed lo one of the Trustees 12024- £571 in relation to travel expenses. Debtors 2025 2024 Prepayments and accrued income 7,430 10. Creditors: Amounts falling due wlthln one year 2025 2024 Trade credltors Accruals and deferred income 3,000 25.590 28,512 28,590 28,512 Page 13
THE GEOFFREY HARRISON FOUNDATION IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Statement of funds Statement of funds - current y&ar Balance at 31 March 2025 Balance at 1 Aprll 2024 Transfers inlout Income ExpenditurÈ Unrestricted funds Designated funds Designated Funds 13,500 140,500} 40,500 13,500 General funds General Funds 45,025 66,259 (7,8541 140,5001 62.930 Total Unrestricted funds 58,525 66,259 148,3541 76.430 Restrlcted funds Reslricled Funds 13,500 40,500 140.SOO) 13,500 Total of funds 72,025 106,759 188,8541 89.930 Restricted funds Restricted funds is made up of the grant Teceived from Savoy Educational Trust which is lo be uged as matched funding towards the Foundation's junior chef programme, allowing young people lo attend Courses al Weslminsler King5way College, the University of W&st London and Loughborough College. Page 14
THE GEOFFREY HARRISON FOUNDATION IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Statement of funds (continued) Statement of funds - prlor year Balan al 31 March 2024 Balance al 1 April 2023 Transfers inlout Income Expenditure Unrestrl¢ted funds Designated funds Designated Funds 13,500 140,5001 40,500 13,500 GeneTal funds General Funds 37,361 55,Q27 {6,863} 140,5001 45,025 Total Unrestrlctpd funds 50,861 55,027 {47,3631 58,525 Restricted funds Roslriclod Funds 13.500 40,500 14n,fjooi 13.500 Total of funds 64,361 95,527 {87,8631 72,025 Page15
THE GEOFFREY HARRISON FOUNDATION IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Analysis of net assets beiwegn funds Analysis of net assets between funds - current year Restricted Unrestrlcted funds funds 2025 2025 Total funds 2025 Current as$els Creditors due within one year 27,000 113,5001 91,520 115,0901 118,520 128,5901 Total 13,500 76,430 89,930 Analysls of net assets between funds - prior year Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Current assets Creditors duo within one year 27,000 113,5001 73,537 {15,0121 100,537 128,512} Total 13,500 58,525 72,025 43. Related party transactlons During the year, the foundation received grants from Harrison Catering Services Limited amounting to £65,00012024.. £55,000}. G C Harrison. C J Aylward, G G Harrison and R D Harrison are all directors of Harrison Catering Services Limited. They are also directors of ils parent company, Harrison SD Holdings Limited. Page 16