CHARITY REGISTRATION NUMBER: 1142857 The Beaverbrooks Charitable Trust Financial Statements 28 February 2025 Chartered accountants & statutory auditor 3A Clifton Square Lytham St Annes Lancashire FY8 5JP The Beaverbrooks Charitable Trust Financial Statsmgnts Year ended 28 Fgbruary 2025 Paga Trustees, annual report Independent auditors report to the members Statement of financial activities 13 Statement of financial position Statement of cash flows 14 15 Notes to the financial statements 16 The Beaverbrooks Charitable Trust Trustees. Annual Report Y8ar ended 28 February 2025 The trustees present their report and the financial statements of the charlty for the year ended 28 February 2025. Rof•renco and admlnlstratlve details Registerod eharlty name The Beaverbrooks Charitable TNst Charlty rgglstratlon numbor 1142857 Prlnclpal offlce Adele House Park Road St Annes-on-sea FY81RE Lancashire The trustses A Blackbum M l Adl8slone OBE P Holly S Nicholas Audltor John Potter & Harrison Chartered 8c¢ountsnts & statutory auditor 3A Clbfton Square Lytharn StAnnes Lancashlre FY8 5JP Bankorn National Weslminsler Bank PIC 24 The Square Sl Annes-on-sea Lancashire FY8 1RH The Beaverbrooks Charitable Trust Trustees, Annual Reportl¢onUnu¢dJ Year ended 28 February 2025 Structure, governance and management The Trustees are pleased to present thèir report, together with the fingncial ststements and independent auditorfs report, for the year ended 28 February 2025. The Trustees conflm that the financial statements comply with the chanty's Tnjst Deed, the Charities Act 2011 and the Ststement of Recommended Practice applicable lo charitses preparing their ac¢ounts wSlh the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland. The Beav8rbrooks Charitable Trust's charilablg objectives during the finanoial year were lo benefit such ¢haritsble purposes and registered charities as the Trustee8 in Ihelr absolute discre￿On thlnk fil. The Trustees enlrusl the day to day management to the G&n8ral Manager, Mrs. Susanne Nichola8, who Is a130 one of the Trustees. AS well as the involvement of the Beaverbrooks the Jewellers Limlled's Chalrman and th￿e members of Ils management team. Beaverbrooks the Jewellers LimSted supports operafjng procedures in a variety of ways as outlined In the servlce level agreement. These varlety ol ways, whkh a￿ all in kind contributions. Include.. Flnanclal management and 88tvices -HR - Press, PR and communications Officè space and facilities The Beavertjrooks Chaiitable Trust Is the offlcl81 charity of Beaverbrooks the Jewellers Llmlled and has b8en regSslered wlh the Charity Commlsslon slnce 13 July 2011, The date from whlch it was Consti￿ted vla the Declaration of Tntrsl w86 20 Aprll 2011. The charity Is overseen by the following group of Trustees as a whol8'. - Mafk18aac Adlestone OBE Chairman - Anna Blackbum Susanne Nicholas Paul Holly Trusts8s ale nominated and appointed based on their suitability as decided by current member5 of the Trnste8s and in accordance with the terms sel out in the Declaration of Trust. Trustees are invited lo attend an inducts'on training process for the running and operation of The Beaverbrooks Charitable Trust. The Trustees meet qU8rterty and Ihe meetings are fully reported. The Trustees discuss a range of matters but with a priority on the ov&rall governance arKI strategic direction of The Beaverbrooks Chantable Trust. Trustaes are appointed for their specific expeiience in meeting The Beaverbrooks Charitable Trusvs Charitable objecttves. The Be8verbrooks Charftable Trust has an outstandlng commltment to donate £800,000 over the next 4 years to The Marcla and Andrew Brown Charitable Trust. This is the only commitment that Is in place and financlal dsks are reviewed on an on-going basis. During tho year under review, all The Beavetbrooks Chaiitable Trusvs management ￿SpOnSibl11ty was structured through the General Manager, whose responsibilities include staff managemenL partnerships, access io funding. standards, delivery and compllance. This role reports dlrectty to the board of Trustees. The Beaverbrooks Charitable Trust currently utilises the Ime of four employees of Beaverbrooks the The Beaverbrooks Charitable Trust Trustees. Annual R•port(contlnuod) Year ended 28 February 2025 Jewellers Limited in order to administer its affaiTS. Beavert)rooks the Jewellers Limited does not charge the charity for this time, since it Is not practicable lo quantty their allr)cation of time and hence salary cost No remuneration is paKI to key management personnel by the eharfty. The followng is based on The Beaverbrooks Charitable Tru$fs governing documents.. the charity shall be overseen by the Gener81 Manager who Ilaises with her direct line manager, Paul Holly, who is also a Trustee meetings are p18nned to dlscuss the on-going involvement and futu￿ development of the charity activtties arranged by the charity will be coordinated by the General Mana9er. Part-time staff may be used as and when required no person involved In the charity will have any assoclats'on with any othér charity unless agreèd by The 88av&rbrooks Charitable Trust Trustees, and all staff are employed by Beaverbrooks the Jewellers Limited and musl adhere to all procedures set out In that company's HR policles. The Beaverbrooks Charitable Trust Trustees, Annual Report (eontinued) Year ended 28 February 2025 Objectives and activiti08 The Beaverbrooks Charitable Trust's charitable objectives during the year of ￿vIeW were lo provide aid and support lo a broad spectsum of chanlies and to enable the employees of Beaverbrooks the Jewellers Llmlled lo support Iheir local chariti8S, the latter being achieved by.. making donations available to Beaverbrooks the Jewellers Limited's stores and office departments, based on a fixed amount for each employee, and allowing each team to S818Ct a worthy local charity a8 their recipienL and matching amounts raised by indlvldual employees for their ¢)wn chosen charities. In addition, the Trustees support a wkje range of charities whlch cover 8ducalion, weff8re, health, mentonng and self-developmenl, Jewlsh and Israeli charities and the community as a whole. The Charitable Tru8t h8$ invested in a propety which it rents to a local charity for £1 per year, thSs Is recorded as a social investment in note 11, This chanty wa$ in need of a well rnainlained, safe and pemianent base from which lo operate and the Ch8rilabl• Trust ￿re delighted to support them In achleving Ihelr charitable oblectsves. The Trustees have glven careful conslderatlon to the Charity Commlssion's guldance on public beneflt when s&tting ils aims and a¢tlvitle$. The key objective of the charity as set out In the constitution Is to benefit such charitable purposes and registered ch8rllles as the Trustee8 In thelr absolute di9¢relion Ihink fiL Strategy Bulldlng and marketing our business The Trustees apply 8 thorough approach to the review of the distributlon of charitable donations rather than focusing on one or ￿ key, major projects. This is based on the philosophy that il is better to give £1 one hundred times than it Is to give £100 once. The Trustees believe that this philosophy helps to engage the Beaverbrooks, employees in the concept of givlng both thelr time and their money. In tum this helps raise the profile of the Charity. -Knowing and unders18nding our mark8ts Target markèts and key areas IdentSfied to include dlseng8ged indivldual8 and communities. -Adding value Ihrough collaborallve partnerships Develop The Beaverbrooks Charitable Trust as a provider of fvnds lo selected charllles. worklng In partnership with other organi$ations, to deliver Strateg￿ prfoAtles and maximis& profile. The Beaverbrooks Charitable Trust Trustees. Annual Report{conllnuedJ Year ended 28 February 2025 A¢hlovom•nl$ and perfomiancg Al the core of our Beaverbrooks family culture is our desiré lo support and do good in the communities we live and work in. Beaverbrooks donates to charity through The Beaverbrooks Chanlable Tru51 and actively encourages and empowers its colleagues to support charities and community groups in their local area.They do this in a variety of way5 including fundraising, volunteering their time and through Payroll Glving. Funding provKled by Beaverbrooks has enabled the Beaverbrooks Charitable Trust to distribute over £1.6 million during the year to UK registered charities which has enabled us to have donatsd in excess of £25 million since the year 2000, a figur& we are extremely proud of. The charity's Trustees (our ChaSman, Managing Director, Head of Community Responsibility and Charity Manager) met every 2-3 weeks throughout the year lo discuss our charitable activity and commitments. They also met regularly wllh a variety of contacts al charities, both in person visitslmeetlngs and on video calls. to discuss our ongolng support and r81abonship$. Across our spectrum of charlty activity (donations, team donallons, payroll glving and volunteering) w8 SUPPOrt well over 750 separate charitsble organlsallons èach year. In 2024, Beaverbrooks again received HM Government & Institulo of Fundraising 'Diamond Award, for our Payroll Giving for the 7th lime. 11 was in fact the 13th consecutlve year we have been recognised with an Award for our commitment lo Payroll Giving and we are extremely proud that over 45Vo of our people 8UPPOrt their own chosen chari118s In thls way. During the period, our people gave £66,594.09 12023-2024.. £69,534.34) through payroll giving, The nel donation is 100% matched by the company resulung In total donations of £117,263.66 12023-24.. £121,523.78). We are very proud that our colleagues contlnued to support their favourile chanties in thls way and that colleagues have chosen lo join the scheme. Beaverbrooks encourage colleagues lo get involved In a wlde range of volunleerlng projects, wSlh minimum of 2 days paid time116 hours) available to each employee, each year. We have set thls as priority for all our colleagues in recent years and management now report their team's progres5 on quarterly basis to their senior management to keep this as a key focus, We 8re proud lo say that our lime giving figures during the year increased to 5,718 hours1715 days of company Ilme glven to dolng good in the community12023-2024 .' 5,584 hours1698 days). 8eaverbrook8 colleagues have again taken part in a variety of fundralsing and mass participation events - from large scale events like Marathons to Sky Dlvlng lo Bake Sales and selllng homemade ilemslproduce. During the period our colleagues raised £69.235.36 12023-24.. £64,871.80) which we match funded lo £138,470.72.12023-2024 .'£127,743.601. The Beaverbrooks Blackpwl 1 OK Fun Run which we sponsor and support wllh Tnnity Hospi¢e ea¢h year was another great success. The 2024 event rai88d £84,990.59 for the H05pi¢e. We also had colleagues helping on the day as route and finish line marshals. The Beaverbrook5 Bike Ride was also very succe55ful in June 2024 wlh colleagues cycling and marshalling the roule and helping raise fvrther £26.703.08 for Trlnlty Hospice. Each year, every Beaverbrooks store and office team selects a local charity for them lo support wllh their Team Donation. In 2024-25 this figure was £100 per colleague. This figure is sel each year and based on the success of the ¢ompany in the previous year. Thls initiative continued to be of huge importance as it meant we Could support many smaller charities in areas where Beaverbrooks are represented and also develop further the excellent relationships our teams have with chari116s in Ihelr own communities. The Beaverbrooks Charitable Trust Trusteos. Annual Report f¢ondnu￿j Year ended 28 Fobruary 2025 Financlal revlew Principal sources of income for The Beaverbrooks Charitsble Trust include donations amounting to £1,380,100 12024.. £1,975.0001 from Beaverbrooks the Jewellers Limited. The charity would like to thank the company for its support. Investrnent policy The BeaveTbrooks charitab￿ Trust ￿rrieS forward £4,747,816 12024.. £4,659,332) of unr&stricted funds into the new financial year. Inveslmenls represent unlisted inve$trments, at cost, in the share capital of Bèav8rbrooks th6 Jéwèllers Llrnited, a cornpany registered in the United Kingdom. The Trustee3 are mindful of their responsibilities in relation to an investment poli¢y and ensure that the policy addresses the needs of the charilabie trust and its beneficiaries in the short, medium and long term, laklng into account the future needs of the charity in terms of both capitsl and Income. The shares in Beaverbrooks tha Jewellers Limited wor8 donated lo the charity by the directors of the company. Dividend income re￿Ived from thes8 sharès alongslde administrative 8UPPOrt from Beaverbrooks are consldered sufficient to support the charlty In the long lefm. Given this medlum to long term security it is not Ihe Inlenlion of the Trustees to ullllse charitable fund8 In order lo dlverslfy the investment base. The accumulated cost of the investment In these shares amoun15 to £4.322,10012024'. £4.322,1001 as disclosed In note 12. This ￿11 generate addS1ion81 Income for the charity in terms of dividends. Re88rv8s pollcy The Trustees, alm is lo hold sufficient reserves whlch would meet The B8averbrooks Charitable Trust'8 future adminislralive operating costs lor a 3 10 6 month period, in line with the Charities Commission's recommendations. All other funds are hekl wlth a view to furthering the ch8rilable purposes of the Tru81. The charlty does not CUrren￿Y have any restrlcted reserves. Support costs, which include govern8nce costs, were £34212024.. £1931 r8presenling bank charges. Apart from resources expended in connecllon with charitable activities, no other resources were expended during the year. Thls reflects The Beaverbrooks Charitable Trusvs core objective of minimising costs in order to maxlmlse resources available for charitable activities. The audit fee, amounting lo £3,60012024'. £3,480), of these financial statements will be met by Beaverbrooks the Jewellers Limited. Re18ted parties M Adlestone and A Blackburn who are the Truste8s of The Beaverbrt)oks Charitable Trust are also directors of Beaverbmks the Jewellers Limited. The Beaverbrooks Charitable Trust Trustees. Annual Report (¢Onllnu•dJ Year ended 28 February 2025 Flnanclal revigw (conllnu•dJ Going concern After making enquiries. the Trustees have a reasonable expectation that the charity has adequate resources to conts'nue in operational 8XlStence for the foreseeable future. Thus they Continue lo adopt a going concern basls of accounting in preparing the financial sta18ments. Further details regarding the adoption of the going concern basis can be found in the slalemenl of accounting policies in the notes lo the financial statements. Principal risks and uncertainties The charty is fully funded ty the company Beaverbrook5 the Jewellers Limited. The pnncipal risk lo the actsvitles of the charity would be a reduction in that fundin9. The Trustees of the charity include Directors of the company who are fully comfnitted lo funding thè cha(Itable a¢livith'es of the trust. Therefore the Tru8te6s do not conslder this risk lo be relevant at this time. Plan8 for futurg P8rl¢)ds The plans for the future include.. Incr8aslng the range of inlliatives dellvered by Th8 Beav8rbrooks Chantable Tru81,' and continuing lo develop existing and Snvestlgate new Initiatives In partner8hlP with other local partners, The Trustees plan to continua with the same phllosophy and exisllng stral8gl&$ by carefully ¢onsiderin9 the Charities they support and wlsh to do 50 on an onqoing basis. The major changes in charities supported by the Beaverbrooks Charitable Trust wlll be driven by the Ghoices of Beaverbrook's employees as to Ihelr preferred ¢harity for the year as well as any'fund malGhlng' that is driven by employ8e fijnd-raislng aclivS1ie8, Tru8tee•' r•8pon8lbllltle8 •tatsmonl The trustees are responsible for preparing the truslees, report and th8 flnanclal slatsments in accordance with applicable law and United Klngdom Accounting Standards {Uniled Kingdom Generally Ac¢epled Accounting Practice), The law applicable to charitles In England and Wales require8 the charity trustees to prepare financial stalernents for each year whlch give a true and fair view of the slate of affairs of the charity and of the Incorning resources and application of resources, of th6 charity for that period. The Beaverbrooks Charitable Trust Trustsos. Annual Report(conllnued) Year ended 28 February 2025 In preparing these financi81 ststements, the trustees are required to.. select suitable accounting polki8s and then appty them conslstenlly., observ8 th8 methods and principles in the applicable Charities SORP., make Judgments and ac¢ounting esllmates that are r88son8ble and prudent,. Stste whether applicable UK A¢countlng Standards have been followed, 8ublect to any material departures dlsclosed and explained In the financial Statements., prepare the financial statements on the golng concern basi$ unless It is inapproprlate lo presume that the charity will continue In business. The trustees 8rè responsible for keeping adequate accounting records that ale suffici8nt to show and explain the charltys transa¢tion$ and disclose with reasonabl8 accuracy at any time the financial position of th8 charlty and enable them to ensure that the linancial statements comply with the Charllies Act 2011, the applicable Chari118s (Accounts and Reports) Regulations. and the provisions of the Trust Deed. They ar& algo responsible for safeguarding the asset3 of the charity and hence for taklng reasonable steps for the prevention and del8clion of fraud and other irregularities. The Iruslees, annual report was approved on 12 August 2025 and signed on behalf of the board of trustees by.. M l Adlestone OBE Chaimian The Beaverbrooks Charitable Trust Independent Auditorfs Report to the Members of The Beaverbrooks Charitable Trust Year ended 28 February 2025 Oplnlon We have audited the financial ststements of The Beaverbrooks Charitable Trust (the '¢harity'l for the year ended 28 February 2025 which comprise the statement of financial activities, statement of financial posits'on, ststement of cash flows and the related notes, including a summary of significant accounting policie5. The financial reporting framework that has been applled in their preparation Is applicable law and United ￿ngdoM Accounting Standards, including FRS 102 The Financial Reporknng Standard applicable in th& UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stalemenls.. give a true and fair view of the stal& of the charitys affalrs as al 28 February 2025 and of its incomlng r850urces and application of reSoUr￿s, including its income and expenditure, for the year than 8nd8d', have been properly prepared in accordance wlth United Kingdom Generally Accepted Acoountlng Practice. have been prepared in accordance with the requlremenls of the Charities Act 2011, Basls for oplnlon W& Conducted our audit sn acGordan¢e with Internallonal Standards on Auditing IUKI {ISAs IUKII and applicable law. Our responsibilities under those standards are further described in thè auditorfs rospon5ibilities for the audit of the financial statements section of our report. We are independent of the Gharity in accordance with the ethical ￿qUIrementS that are relevant to our audrt of the flnancial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other elhlcal rèsponsibilities in accordance with these requirements. We believe that thè audil evidenc8 we have obtained is sufficient and appropriate to provide 8 basis for our opinion. Conclu•lon• rnlatlng to golng ¢one•m In 8uditlng the financial statements. we have concluded that the Iruslees, use of th8 going concern basls of accounting in th8 pr6paratlon of th8 financial statements is appropriate, Based on the work we have perfomed, we have not idenliffed any materlal uncertainlles relating to events or conditions that, indivKlually or collectively. may cast slgnlficant doubl on the charity's ability to ¢onlinue as a going concern for a perfod of at least tsvelvé months from when the financial stal&ments are aulhorised for issue. Our responsibilities and the r8sponsibili￿8s of the truste8S With respect to going concern are desGribed in the relevant sections of this report. The Beaverbrooks Charitable Trust Independent Auditorfs Report to the Mombers of The Beaverbrooks Charitable Trust (¢oniirtuod) Year ended 28 February 2025 Other Inforniallon The other information compris8$ Ihe infomation included in the annual report. other than the financial statements and our audrtor's report Ihareon. The Iruslees are responsible for the other information. Our opinion on the financial ststements does not cover the other infom)ation and, exGept lo th8 extènt otherwise explicitly slated in our ￿port, W8 do not express any form of assurance conclusion thereon. In eonnectk¢n with our audlt of the financlal statements, our responsibillty 1$ lo read the other infomialion and, in dolng so, consider whether the other information is malerSally Inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misslaled. If we idenlify such material inconsistencies or apparent matedal misstatements. we are required to determlne whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfo￿ed, we conclude that there ig a malertal misslalemenl of this other informatj'on. we are required to report that fact. We have nolhlng to ￿port in Ihls regard. Mattern on which wo ar• rwulrod to roport by oxe•ptlon In the light of the knowledge and understanding of the charity 8nd ils envlronm8nl obtained In the course of the audit, we havè not identSfied material mlsstalemenls In the trustees, report. We have nothing to report In resp8Gt of the following matters in relatKin lo which the Charities Act 2011 requires us lo report to you if, in our opinion.. thè Informallon given in the Iruslee8' report is incon8isl8nt in any malerlal ra8pecl wlth the financial statements., or adequal? aceounllng re¢ord$ have not been kept., or th& financial statamenls are not in agreement wlth the accounting records and retum8', or we have not received all th8 infom8Ion and explanatlons we require for our audit. RKponslbllltle• of tru8tee• As explained more fully in thè Iruslees, responsibilities Statement, the trusiees are respon8ible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such Internal Control as the trustees determine Is necessary to enable the preparation of financial statements Ihal are free from material misstatèment, whether due to fraud or error. In preparing the financi81 statements, the truslees ar6 wponsible for assessing the charity's abillty to contlnue as a going concern, disclosing, as applicable. matters related lo going concem and using the going conGem basis of accounting unless the Iruslees either intend to liquidate the chadty or to ceas• operations. or have no realistic alternallve but lo do so. 10 The Beaverbrooks Charitable Trust Independent Auditor's Report to the Members of The Beaverbrooks Charitsble Trust(¢onllnued) Year ended 28 February 2025 Audltorfs responslbllltles for the audtt of the Ilnanclal stst•ments Our objectives are to obtain reasonable assurance about whether the finandal slatemenls as a whole are free from rnaterial misstalemenl, whether due lo fraud or error, and to issue an audilorfs report that in¢ludes our opinion, Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material mi5slatemenl when il exists. Misslalemenls can arise from fraud or error 2nd are considered material if, Individually or in the aggregate, they Could reasonably be expected to influence the economlG de¢i$ions of users taken on the basls of these financial statements. IrTegularilies, including fraud, are in3tanoes of non-complSance with laws and rogulalions. We design procedures in line wllh our responsibilities, outlined above, lo detect material misstatements In respect of irregularities. including fraud. The extent to which our procedu￿$ are capable ol detscts'ng irregularities, including fraud is detailed below.. Based on our understanding of the ¢h8rity we consKlefed those laws and regulations that hav8 a direct Impact on Ihe preparation ol the financial statements such as the Charities SORP, taxation and other legislation ￿levant to the sector. We evaluated managamenl's incentives and opportunities for fraudulent manlpulalion of the financial slalemenls (including the risk of overide of conlrolsl and determined that the prin¢ipal nsks were related lo mangemenl bias in aceounllng estimates and judgemenlal areas of the financlal stalem8nts such as revenue recognition. We addressed this by our work on 8reas included, bul were not limited lo, analytical procedures, tssting of journal¥, assessment of judgements and èslimal8s, enquiry of controls etc. As part of an 8udit in accordance wrth ISAS IUKI, we exercise professional judgment and maintaln professlonal sceptl¢ism throughout the audit. We also.. Identify and assess tho rlsks of material mi3slatemenl of the financSal stslements. whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audll evidence that Is sufficient and appropriate lo provide a basis for our opinion. The rlsk of not deleeting a material misstatement rasultsng from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omlssions, misrepresentations, or the override of internal control. Obtain an understanding of Internal control relevant to the audit In order lo deslgn audit procedures that a￿ appropriate in the circumstances, but not for the purpose of expressing an opinion on the 8ffe¢tsvene8s of the internal ¢ontrol. Evaluate the appropriateness of aGGounting policies used and the reasonableness of accounting estimate5 and ffjlaled disclosures made by the trustee5. Conclude on the appropnateness of the trustees. use of the going concem basis of accounting and. based on the audit evidence obtsined, whether a material uncertainty exists related lo events or conditions that may cast significant doubt on the charity's ability lo Continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report lo the ￿lated disclosures in the financial statements or, if such disclosures are inadequate. to modify our opinion, Our conclusions are based on the audit evidence obtained up lo the dale of our auditor's report. However, future events or undilions may cause the charity lo cease to continue as a going concem. Evaluate the overall presentation, structure and content of the financial statements. including the disclosures, and whether the financlal statements ￿present the underlying transactions and events in a manner that ￿hleVe$ fair presentation. 11 The Beaverbrooks Charitable Trust Independent Audilorfs Report to the Member8 of The Beaverbrooks Charitable Trust fconllnu¢¢lJ Yoar onded 28 February 2025 We communicate wth those charged with govemance regarding. among other matters, the planned scope and liming of the audit and signific8nt audit flndlngs. including any significant deficiencies in internal control that we Idèntify during our 8udll. Use of our report This report is made solety to the charitys members. as a body, in accordance with section 144 of the Charities Act 2011 anta regulations made under sectlon 154 of that Act. Our audit work has been undertaken so that we might stale to the charity's members Ih08e matters we are required to slate to them in an audltorfs report and for no other purpose. To the fullest extent permitted by18w. we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audlt work, for thls report, or for the opinions we have fonned. Jacqueline Hyde 8A FCA {S8nior Stslutory Audltorl For and on behalf of John Potter & Harrlson Chartered accountants & statutory audltor 3A Cllfton Square Lytham St Ann&s Lanc8shlre FY8 5JP 3 September 2025 12 The Beaverbrooks Charitable Trust Statement of Financial Activities Year ended 28 February 2025 2025 Unrestricted funds Total fund$ Total funds 2024 Note In¢om• and endowments Donations and legacies Investment income 1,408,451 88,482 1,408,451 88,482 1.496,933 2.008,642 141,571 2,150,213 Total Income 1,496,933 Expendlture Exp8ndlture on charftable activitle8 Tolal •xpendlture 6,7 1.408,449 1,408,449 1,408.449 1,408,449 2,240.806 2,240,806 Net Incomel(exp•ndlturel and nol movomont In fund8 88,484 88,484 190,5931 Reconclllallon of fund8 Totsl funds brought fo￿ard Total fund• cariled fonvard 4,659,332 4,747.816 4,659,332 4,747,816 4,749,925 4.659,332 The stslemenl of financial acllvities Includes all gains and1088es recognised In the ye8r. All income and expenditure derive from continuing activities. Tho nots9 on pages 16 to 24 fom part of these ftnancial Btatgments. 13 The Beaverbrooks Charitable Trust Statement of Flnancial Position 28 February 202S 2025 2024 Not• Flxtd a88ets Tangible fixed assets Investments 11 350,000 12 4,322,100 4,672.100 3SO,OC4) 4,322,1C4J 4,672,100 Current 0880ts Cash at bank and in hand 75,716 Crodftorn: amounts falllng due wlthln on• y•ar N•1 curnnt 188•ts 14 12.788 112,7681 4.659,332 75,718 4.747,816 Total a880ts108• currfrnt Ilabllltlo• Fund• of th• eharlty Unrestricted funds 4,747,816 16 4,747,816 4,659,332 4,859,332 Total charlty fund• These flnanclal statements were approved by the board of tNStaès and aulhorised for Issue on 12 August 2025, and ar8 signed on behalf of th8 board by.. M l Adleslone OBE Chairman Thg nots8 on pag¢$ 16 to 24 forni part Of th•8e financlal statements. 14 The Beaverbrooks Charitable Trust Stat6mont of Cash Flow8 Year ended 28 February 2025 2025 2024 Nots Cash flows from op•ratlng actfvitles Net incornellexpendilurel 88,484 190.593} Adjustm&nts for.. Dividends, inter8St and rents from investments Cash generated from operations Net cash fromllused inl OFerating aclfvitl85 {88.482} 1141,5711 1232,1641 1232,1641 Ca8h flow8 from Investlng actlvltle8 Dividends. interest and rents from inve8lmenls Net cash from investing act1vl￿e$ 88,482 88,482 141,571 141,571 Ngt Incroa8elldecr01801 In ca8h and ca6h equivalonts Cash and cash equlval•nts at beglnnlng of year Cash and cuh equlvalents at ond of yo•r 88,484 112,7681 75,718 190.5931 77.825 112,768) 13 Th• notes on pages 18 to 24 form part of thèsè financlal statement¥. 15 The Beaverbrooks Charitable Trust Note8 to the Financial Statements Y•ar ended 28 February 2025 General Infonnation The charity is a publi¢ benefit 8nlity and a registered charity in England and Wales and is unincorporated. The address of th8 principal office is Adele House, Park Road, St Annes-on-sea. FY8 1 RE, LancashI￿. Statgmgnt of compllan¢e These financial ststements hav8 b8en prepared in compliance wth FRS 102. 'Tha Flnancial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 ICharits'e$ SORP IFRS 102)} and the Charities Act 2011. Accountlng poll¢l88 Bas1¥ of prnparatlon The flnanclal statements have been prepaied on the historical cost basss, as modifièd by the revaluation of c8rtain financial assets and li8bililie$ and inveslmont properties measured al fair value through income or expenditure. The financlal statements are prepared in sterling, whlch 1$ the functional currèncy of the ènlty. Golng conc•m The charftys actlvili88, togéther wlth the factor8 Ilkely to affect Its futurè development, performance and position are set out in the Trustees, Report which also descrfb8$ the financial position of the charity includlng its Investm8nt9 and reserves pollcy. 11 is the intention of the directors of Beaverbrooks the Jewellers Limited to continue lo distribute 20% of the distributable profit of Beaverbrooks the J8weller$ Limlted to the charity. The charity's forecasts and projections, taking account of possible Changes in donat￿n3 and investment Sncome, show that the chanty should be able lo oper8te with tha Current level of reserves it has. After maklng enqulries. the Trustees have a reasonable expectation that the charlty ha8 adequate resources lo continué in operational existence for the foreseeable future, The Trustees, therefore, consider that the going concem assumption 15 an appfopriate basi8 on which to prepare these financial statements. 16 The Beaverbrooks Charitsble Trust Notes to the Financial Ststaments (¢onllnu8d) Year anded 28 February 2025 Accounting policies (contlnue Rosemere Cancer Foundation Royal Northem College of Mu81G Royal Exchange Theatre Salford Lads, & Girfs, Club Save a Child's Heart Seashell Trust Seed South Manchestgr Synagogue Special Spirits St Ann's Hospice Streetllfe Trust The Anne Frank Trust UK The Boaihouse Youth Ltd Th8 Factory Trust The FED The Focus Foundation The Friendship Circle The Henry Jackson Society The Jacob Foundation The King's Trust rfhe Prince'$ Tru8t) The Langdon Foundation The Science Museum The Universrty of Manchester Re-write Cancer The Work Avenue Foundation TMim8i Lev School Triple C Unit8d Jewish Israel Appeal Variety- The Children's Charity Withington Girls, School World Jewish Relief 5,000 10,000 5,000 50,000 35,000 5,000 10,C(IO 5,000 10,000 10,000 10,000 5,000 8.750 50,0(YJ 5,O¢J) 12,500 10,000 5,000 5,000 5,000 10,000 50,000 7,500 10,000 10,000 25,000 50,000 250,000 10,000 15,000 10,000 92,460 7,500 7,500 5,000 31,250 62,500 5,000 20,000 37,500 5,000 5,000 5,CQO 40,000 10,000 75,000 5,000 50,000 10,000 27,500 20,000 20,000 - carried forward - 1,096,960 1,806,500 The Beaverbrooks Charitable Trust Delalled Statement of Flnanclal Activities Yoar ended 28 February 2028 Year ended 28.2.25 Year ended 29.2.24 Grants to Instltutlons {contlnu8d) - brought for￿ard- 1.098,960 1,8(K,500 Yad Vashem YrD m)e Helpline other grant8 les$ than £5,000 5,000 10,000 5,000 419.113 308,147 1,408,107 2,240,613 Govemanco co8t• Bank charge8 342 342 193 Total oxpondltur• 1,408,449 2.240,808 N•t Incomolexpendltura and net movemant In lund8 88.484 (90,693)