COMPANY REGISTRATION NUMBER: 08073928 CHARITY REGISTRATION NUMBER: 1147248 THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 DECEMBER 2024 COHEN ARNOII) Chartered Accountants & statutory auditor New Burlington House 1075 Finchley Road London NWI I OPU
THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Page Trustees, atUal report (incory)orating the directovs report) Independent auditor's report to the members Slatement of financial activities (including income and expenditur¢ account) Sialemenl of financial position Statement of cash flows io li 12 Notes to the fllmncial statements 13
THE KENNETH & SUSAN GREEN CIL4RITABLE FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 DECEMBER 2024 Th¢ trustees, who are also the directors for the purposes of company law> present their report and the financial statements of the charity for the year ended 31 December 2024. REFERENCE AND ADMtNIST114TIVE DETAILS Registered charity name Charity regi$tr&tion number Company registration number 08073928 Principal office aDd registered Hill House offi¢¢ Monument Hill Weybridge Surrey KT13 8RX The Kenneth & Susan Green Charitable Foundation 1147248 The Trustees Mr K C Green Mrs S E Green MT P J Stokes Mrs S F Scragg Mrs C S Garlick Auditor Cohen Arnold Chart¢red Accountants & statutory auditor New Burlington House 1075 Finchley Road London NWI I OPU Banke Coutts & Co. 440 Stralld LONDON WC2R OQS
THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUAIL4NIEE TRUSTEES, ANNUAL REPORT NcORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 DECEIVIBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENr The charty is constituted as a MpanY limited by guardntee and as such, its governing documents are its M¢morandum and Articl¢s of Associatioll. Appointmen( Iraining? and recruitment of trustees The trustees have no beneficial interest in the COTnpany as it is a company limited by guarantee and are chosen by agreement of trustees at an annual meeting. The ¢hoi¢e is based on applicants, business and community knowled8e. New trust¢es ar¢ subject to trustee induction training which includes an understanding of the content of the Memorandum and Articles of Association, their legal obligations under Charity Act and Company Law, the organisational Structu of charity and the recent financial perforniance of the charity. Trustees encouraged to attend appropriate external training events which enhance their knowledge and skill thereby improving the perforniance of their role. Risk man&gemellt Th¢ tnjstees have assessed the major risks to which the charity is exposed, in particular those to the operations and finances of the charity, and are satisfied that systems are in place to mitigate its exposur¢ to Ihose risks. Related Party Transactions None of our trustees receive remunerdtion or other benefit from their work with the charity. Any cOnntion between a trustee of th¢ charity with a supplier company rnust be disclosed to the full board of trustees in the same way as any other contractual relationship with a related paty- In the current year no such related party transaotions were reported. None of the truste¢s have any beneficial interest in the charity. OBJECTIVES AND ACTIVITIES Ln line with the charitable objects of the Memorandum of Associ&tion. it is the policy of the tnjstees to make grants to and for: (l ) The relief of poverty (2) The advancement of education (3) The advancement of health and the saving of lives (4) The advancement of the arts, culture. heritage and science (S) The furtherance of such other objects that are exclusively charitable under the law of England and Wales as the trust¢¢s may from time to time detemine The trustees confimi their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities. Grant Making Policy Granls are made to charitsble institutions and organisations in Lecordance with the objects of the charity.
THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (conrtn¥edJ YEAR EIYDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE The charity engag¢d in philanthropic activities in support of arts, cultur21, educational and other charitable institutions and aggregate donations were paid in the year lo 31 Decemb¢r2024 of £644.868 (2023.. £564,340). No change in activities is envisaged in the immediate future. The benefits that these charities provide include: AdvAncement of the art& culture, heritage and sci¢nc¢ Advancement of education. h¢alth and Saving lives Relief of wverty FL¥ANCIAL REVIEW The financial results of the charity for the year ended 31 Dernber 2024 fully reflted in the attached financial statements together with the notes thereon. Finan¢ial Position The financial position of the charity is satisfactory. The charity's Ststement of Financial Activities shows total reserves of £21,818,591 (2023.. £15,322,852)- Reserves policy It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which the trustees think appropriate after considering the future Commitments of the charity and the likely governance costs of the charity for the next year. PLANS FOR FUTURE PERIODS The trustees plan to continue to make distributions in accordance with their grant making policy and to ensure that the ability to generate suffi¢i¢nt income is tnainlained to achieve that end. TRUSTEES, RESPONSIBILITIES STATEMENT The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial stat¢m¢nts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Aecepted AontIng Practice). Company law r¢quir¢s the charity trusfres to prepare financial ststements for each year which give a te and fair view of the State of affairs of the charitable company and the incoming resources and application of r¢sources, including the income and exndIture, for that period. In preparing these financial statements, th¢ trustees are required to.. select suitable accounting policies and then apply them consistently observe the methods and principles in the applicable Chariti¢s SORP make judgments and accounting estimates that are reasonable and prudent prepare the financial statements on the going concern b&8is unless il is inappropriate to presume that the charity will ¢ontinue in busin¢55
THE KENNETH & SUSAN GREEN CEL4RITABLE FOUNDATION COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 DECEMBER 2024 The trustees are responsibl¢ for keepin8 adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial stat¢ments comply with th¢ Companies Act 2006. They are also responsible for safeguarding the &ssets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. AUDITOR Each of the persons who is a trustee at the date of approval of this report confirms that: so far as they are aware. there is no relevant audit inforniation of which the charitys auditor is unaware. and they have taken all steps that they ought to have taken as a IStee to make themselves aware of any relevant audit inforniation and to establish that the charity's auditor is aware of ihat inforniation. Th¢ auditor is deemed to have been re-appointsd in accordance with section 487 of the Companies Act 2006. SMALL COMPANY PROVISIONS This report has been prepared in OrdanCe with the provisions applicabl¢ to companies entitled to the small ¢omp8nies' exemption. The trustees, annual report was approved on 6 March 2025 and signed on b¢half of the board of Istees by: MrKCGre Trustee
THE KENNETH & SUSAN GREEN CHAIUTABLE FOUNDATION COMPANY LIMrrED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION YEAR ENDED 31 DECEMBER 2024 OPINION We have audited the financial statements of The Kenneth & Susan Green Charitable Foundation (the 'charity') for the year ended 31 December 2024 which comprise the statement of financial activities (including income and expenditure account), statetnent of financial p051tion, statement of cash flows and the related notes, including a summary of significant &ccounting policies. The financial reporting framework that has been applied in their preparalion is applicable law and United Kingdom Accounting Stand&rds, including FRS 102 The Fillancial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Prdctice). In our opinion the financial statements: give a In]¢ and fair view of the state of the charity's affairs as at 31 December 2024 and of its incotning resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accept¢d Accounting Practi. have been pttpared in accordance with the quIrernents of the Companies Act 2006. BASIS FOR OPINION We conduthed our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under tlios¢ standards are further described in the auditols responsibilities for the audit of the financial statements section of our report. W¢ are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK including th¢ FRC'S Ethical Standard. and we have fulfill¢d our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriat¢ to provide a basis for our opinion. CONCLUSIONS RELATING TO GOtNG CONCERN In auditing the financial statements, we have concluded that the trustee5' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have rroM7ed, we have not identified any material un¢ertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitys ability to continue as a going Concern for a period of at least twelve months from wh¢n the financial statements ar¢ authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of thls report.
THE KENNETH & SUSAIY GIiEEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION (<othlnNerf) YEAR ENDED 31 DECEMBER 2024 OTHER INFORMATION The other information cotnpris¢s th¢ informalion included in the annual report, other than the financial slat¢ments and our auditor's report thereon. The trustee5 are responsible for th¢ other information. Our opinion on Ihe financial statements does not cover the other infomiation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. connection with our audit of the financial statements, our responsibility is to read the other infonnation and, in doing so, consider whether the oih¢r Inforniation is materially inconsistent with the fjnancial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we id¢ntify such material inconslStenci¢s or apparenl material misststem¢nts. we are required to detemiine whether there is a material tnisstatement in the financial statements or a material misstatement of the other inforniation. If, based on the work we have perfonT]ed. we conclude that there is a tnaterial misstatemenl of this oth¢r information, we are r¢quir¢d to report that fact. We have nothing to report in this regard. OPJTrIIOIYS ON OTHER TTERs PRESCRIBED BY THE ColPAN]Is ACT 2006 In our opinion. based on the work undertaken in the course of the audit.. the infonnation given in the trustees, report for the financial year for which the financial ststements are prepared is nsiStent with the financial statements. and the trustees, report has been prepared ill accordance with applicable legal requirements. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of th¢ knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounling records have not been kept, or returns adequate for our audit have not been rcceived from branches not visited by us; or the financial stst¢ments are not in aement with the accounting record5 and retums. or certain disclosures of trustees, remuneration specified by law are not made. or we have not r¢ceived all the information and explanations we require for our audit; or the trustees w¢r¢ not entitled to prepare th¢ financial statements in accordance with the sm&ll companies, regime ond take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report.
THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATIOIY COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATIOIY (confflnufd) YEAR ENDED 31 DECEMBER 2024 RESPONSIBILITIES OF TRUSTEES As explain¢d vnore fully in the tru5tees' responsibilities statemei)L th¢ trustees (who are also the directors for the purposes of company law) are responsible for the pr¢paration of the financial statements and for being satisfied that they give a tn]e aT]d fair view. and for such internal control as the trustees detern)ine is ne¢¢ssary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or error. In preparing the financial statements. the trust¢¢s are responsible for assessing th¢ ¢harity's ability to Continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trust¢¢s either intend to liquidate the charity or to cease operations, or have no realistic alternallve but to do so. AUDrroR'S RESPONSIBILITIES FOR THE AUDrr OF THE FINANCIAL STATEMENTS Our obj¢¢tiv¢s are to obtain reasonable assurance about wh¢th¢r the financial statsments as a whole are free from material misstatemenL whether due to frnud or error, and to issu¢ an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in a¢¢ordan¢e wilh ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or eJTor and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these finan¢iLI statements. Irregularities, including fraud. are instan¢¢s of non-compliance with laws and regulations. We design procedures in line with our responstbilities, outlined above. to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of dettIng irregularities, including fraud is detailed below.. We obtained an understanding of th¢ l¢Eal and regulatory framewoths that are applieable to the company throu discussion with the directors and senior management and identified which were most significant with respect to the financiLI statements. We identified financial reporting legislation (including related cotnpanies legislation). ¢hariti¢s legislation and taxation legislation as being most significant to these financial statetnents. We communicated these identified fmeworkS throughout our audit team and remained alcrt to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient comp¢tence and capability to id¢ntify or r¢cognise non-compliance with law5 and regulations. We discussed with the directors and senior management the policies and pffedureS regarding ¢ompliance with these legal and regulatory hmeworks. We assessed the susceptibility of the company's financial statements to material misstatement due to non-cotnpliance of Icgal and regulatory frameworks, including how fraud might occur. by enquiry with the directors and Senior managem¢nt during the planning and finalisation ph5 of our audit and using proprietary disclosure checklists. This was deterniined to IK low. Based on this understanding we designed our audit procedures lo identify non-compliance with the identified legal and regulatory framewo, which were part of our procedures on the related financial statement items. Our procedures included reviewing th¢ company's internal controls policie5 and procedures. reviewing the minutes of board meetings and correspondence with regulatory bodies including HMRC, testing transactions outside thc norn)al Course of the business and journal entries, and discussions with the directors and senior managem¢nt.
THE KENNETH & SUSAN GREEN CHAIUTABLE FOUNDATION COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION (t•thlM4ed) YEAR ENDED 31 DECEMBER 2024 As part of an audit in accordance with ISAS (UKA we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misststement of the financial stateTnent4 whether due to fraud or error, design and perforn) audit procedures responsiv¢ to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement ffsulting from fraud is higher than for one resuliing from etTOr. fraud may involve collusion. forgery. intentional omissions, misrepresenlations, or the ovetTid¢ of internal control. Obtain an understanding of internal control relevant Éo the audit in ord¢r to design audit procedures that ar¢ appropriate in the circumstances, but not for the purpose of expressing an opinion on the effeetiveness of the internal control. Evaluate the appropriat¢ness of accounting policies used and the reasonableness of accounting estimates And related dis¢losure5 made by the trustees. Conclude on the appropriateness of the trustees, us¢ of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our auditor's report to the relaled disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are bas¢d on the audit evidence obiained up to the date of our auditor's report. However. future events or condition5 may cause the ¢harity to ceas¢ to continue as a going concern. Evaluat¢ the overall presentation. structure and content of the financial statements, including the disclosures. and whether the financial statements repr¢sent the underlying transactions and events in a manner that achieves fair presentation. We communi¢at¢ with those charged with governance regarding. among other matters, the planned SCO and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
THE KENNETH & SUSAN GREEN CHAIUTABLE FOUNDATION COMPANY LIMJTED BY GUAIL4NTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION (conllAutd) YEAR ENDED 31 DECEMBER 2024 Cohen Arnold is eligible to act as an auditor in temis of section 1212 of the Companies Act 2006. USE OF OUR REPORT This report is made solely to the charity's members. as a body, in accordance with Chapter 3 of Part 16 of th¢ Companies Act 2006. Our audit work has been undertaken so that we might slate to the chariws members those matters we ar¢ required to state to them in an auditor's report and for no other purpose. To the fullest extent perniitted by law, we do not acc¢pl or assume responsibility to anyone other than the charity and the charity's members as a EK)dyJ for our audil work, for this repor¢ or for the opinions we have forn)ed. Dov Harris FCA (Senior Statutory Auditor) For and on behalf of Cohen Amold Chartered Accountants & ststutory auditOT New Burlington House 1075 Finchley Road London NWI I OPU 6 IQZS
THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUARANTEE STATEMENf OF FIIYANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUIYT) YEAR ENDED 31 DECEMBER 2024 2024 2023 Unrestricted funds Total fullds Total funds Note Income and endowments Donations and legacies Investment income 5,460.882 356.268 5,460,882 356268 4,670,653 180,717 Total ineome 5,817.150 5,817,150 4,851,370 Expenditure Exp¢nditure on raising funds: InVtment management costs Expenditure on charitable activities Other expenditure Totsl expenditure (147,239) (147239) (97,593) (647,373) (647J73) (566,917) (17,440) (17,440) (812.052) (812,052) (664,510) 12 Net gains on investsnents 13 1.490.641 1,490,641 ,325.259 Net income and Det movement in funds 6,495,739 6,495,739 5,512,119 Reeonciliation of funds Total funds brought fonvanl Totsl funds earried forward 15.322.852 15J22052 21.818.591 21018,591 15,322,852 9,810.733 The statement of financial activities in¢ludes all gains and losses reCognis in the year. All income and expenditure derive from continuing activities. The notes on pggÈ5 IJ to 19 form p*rt olthese financial $t¢ts. io
THE KENNETH & SUSAN GREEN CIL4RITABLE FOUNDATION COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 2024 2023 Note Fixed assets Investments 16 21,038,685 14,465,131 Current assets Debtors Cash at bank and in hand 17 139,772 641,934 781,706 321,197 538,324 859,521 Creditors: amounts falling due within one year Net eurrenl assels 18 (1000) (1,800) 779,906 857.721 Total a5sets1th8 current liabilities 21.818,591 15,322,852 Funds of the chAr6ty Unrestricted funds 21,818,591 15,322,852 15,322,852 Tot21 eharity funds 19 21,818,591 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small c()mpanies' regime. These financial statements wer¢ approved by the board of trustees and authorised for issue on 6 March 2025 and are signed on behalf of th¢ board by.. Mr K C Green Trust¢¢ The notes pages 13 to 19 form part of thtse financial stgtements.
THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUARANfEE STATEMENT OF CASH FLOWS YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operatillg aclivities Net income 6,495.739 5,512,119 AdjtL¥lmenlsfor.' Net gains on investments Other interest receivable and similar incom¢ Interest payable and similar charges Changes in.. Trade and other debtors {1,490,641) {1,325,259) (356,268) (180,717) 551 561 181,425 436.053 Cash 8enerated from op¢rations Interesl paid Interest received 4030,806 (551) 356,268 4,442,757 (561) 180.717 Net cash from operating activities 5,186523 4.622.913 Casb Ilow8 from investing activities Purchases of other investments Proceeds from sale of other investments (14.673,428) (7,950,233) 9590,515 3,262,935 Net cash used in investing activities (5,082,913) (4.687,298) Nel decrease ID cash and cash equivalents Cash and cash equivalents at beginning of year Ch and cash equivalents at end of year 103,610 538J24 {64,385) 602,709 538,324 641,934 The Dotes on pages 13 to 19 form part of thc5c finaneial ststtments. 12
THE KENNETH & SUSAN GREEN CEL41UTABLE FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 GENERAL INFORMATION The charity is a public b¢n¢fit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in Engl&nd and Wales. The address of the registered offic¢ is Hill House, Monument Hill. Weybridge, Surr¢y, KT13 8RX. STATEMENT OF COMPLIANCE These financial statements have been prepared in complian¢¢ with FRS 102, 'Th¢ Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Aci 2006. ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared on ihe historical cost basis a5 modified by the r¢valuation of certain financial assets and liabilities measured at fair value through incoffte and expenditure. The charity meets the d¢finition of a public benefit entity under FRS 102. The financial statements are prepared in sterling, which is the functional currency of the entity. Going ¢oD¢ern There ar¢ no matsria] uncertainties about the charity's ability to ¢ontinu¢. Judgements and key sources of estimation uncertainty The preparation of financial ststements in conformity with FRS 102 requires the use of certain accounting ¢stimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. There are no areas involving a high degree of judgement or complexty. or areas where assumption5 and estimates are significant to th¢ financial stat¢ments. FuDd aecoullting Unrestricted funds are available for us¢ at the discretion of the trustees tt) further any of th¢ charity's purposes. Intoming resources All income is included in the Statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the omount can be reliably m¢asured. The following Sp]riC policies are applied to particular categories of income.. incotne from donations or grants is recognised in the statement of financial activities when received. investment ineome represents dividends and interest on funds held on deposit. These at? included when receivable and the amount ¢an be me&sured reliably by the charity. 13
THE KENNETH & SUSAN GREEN CIL4RITABLE FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {*11¥¢4) YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Resources expended Expenditure is recognised on an accrua15 basis as a liability is incurred. The following specific policies are applied to particular categories of expenditure= charttable donations are recognised in the statement of financial activities when paid. investment management costs represent w)rtfolio manag¢ment fees. Expenditure is cl&8sified under headings of the statetn¢nt of financial activities to which it relates. Expenditure on eharitable activities includes all costs incutyed by a charity in undertaking activities that further its charitable aims for the benefit of its benefi¢iaries, including those 5UPPOrt Costs and costs relating to the gov¢mance of the charity apportioned to charitable activities. Inv£8tmeDts Listed investments are measured at fair value with ¢hanges in fair value being reco8nised in income or expenditure. Financial instrutnents A financial asset or * financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, wh¢re il is re¢ognised at the present valu¢ of the future payrnents discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consid¢r8tion expected to be paid or received and not discounted. Debt instrnments are subsequently measured at amortised c05t. Financial &ss¢ts that are measured at ¢osl or amortised c05t are reviewed for objective evidence of impairnient &t the end of each reporting date. If there is objective evidence of impairment. an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. Any rev¢rsals of impairnient are r¢cognised immediately, to the extent that the reversal does not sult in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairnient not previously been recognised. LIMITED BY GUARANTEE The charity is a company limited by guarante¢ and has five members whose guarantee is limited to £1 O per member. 14
THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eonilttmed) YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES Unrestrictsd Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations Endowment- Investtnents 500,000 4.960.882 500,000 4,960082 500,000 4,170.653 500.000 4,170,653 5.460,882 5,460,882 4,670.653 4,670,653 D¢)nations received in the year reflect £500,000 (2023: £500,000) received from Kenneth Green Associates Limited, a company with directors in common with the trustees of the charity- The endowment of the investtnents was received from Mr K C Green and Mrs S E Green, trustees of the cliarity. The Maet value of the investments at the dale of transfer to the charity aggregated £4,960,882. INVESTMENT INCOME Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable Other investment incotne 5,034 351.234 5,034 351234 2.532 178.185 2,532 178,185 356.268 356268 180.717 180,717 INVESTMENT MANAGEMENT COSTS Unrestricted Total Funds Unrestricted Totsl Fund5 Funds 2024 Fund5 2023 Portfolio management 147,239 147239 97,593 97.593 EXPENDfTURE ON CIIARrrABLE ACTIVITIES BY FLfND TYPE Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Charitsble donations Support costs 644,868 2,325 644,868 2,505 647J73 564,340 2.577 564,340 2.577 647,373 566,917 566,917 15
THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUARAIYTEE NOTES TO THE FINANCIAL STATEMENTS (¢onlln#edJ YEAR ENDED 31 DECEMBER 2024 EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTivrrY TYPE Grant funding of activities Support costs Total funds 2024 Total fund 2023 Charitable donations Governance c05t5 644,868 644,868 2J)S 647J73 564.340 2,577 2,505 644,868 2,505 566,917 10. ANALYSIS OF SUPPORT COSTS tLgAI and Bank charge5 Ac¢ountan¢y professional and fees fees fees Total 2024 Total 2023 Finance costs Governance costs 551 551 1,954 561 2,016 1,800 1,800 154 551 154 2,505 2,577 11. ANALYSIS OF GIL4NTS 2024 Grants ¢0 institutions Royal Opera House Royal Ballet School Proslate Cancer UK Children's Sailing Trust Royal Nalional Lifeboat Institution Duke of Edinburgh Award Other grants less than £30,000. individually and in aggregate Total grants 250,000 loo,000 60,000 60,000 30,IMbO 30,000 114068 644068 The grants to institutions to support the charty's objectives are as follows: 2024 Advancement of the arts culture. heritage and sci¢nce Advancement of education, healih and saving lives Advancement for the relief of poverty Totsl Grants 395,1)00 245,868 4,000 644068 During the year. the charity mad¢ a donation of £20,000 to the Cosmetic. Toiletry & Pethmery Foundation. a charity where a trustee of this charity is also a trust¢¢. 16
THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUAIL4NTE NOTES TO THE FINANCIAL STATEMENTS (coKlinued) YEAR ENDED 31 DECEMBER 2024 A2. OTHER EXPE1TURE Unrestri¢ted Total Fullds Unrestricted Total Funds Funds 2024 Funds 2023 Foreign exchange losses R7.440 17,440 13. NET GAINS ON INVESTMENrs Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gain/(loss) on revaluation of investments Gainl(loss) on disposal of investments 744,882 745,759 ,490,641 744,882 745,759 1.292,571 32,688 1,292,571 32,688 1,490,641 1,325,259 1.325.259 14. AUDITORS REMUNERATION 2024 2023 Fees payable for the audit of the financial statements 1.800 1,800 IS. TRUSTEE REMUNERATION AND EXPENSES No trustee received any remuneration during the period. The charity did not meet any individual expenses incurred by the trustees for the Services provided to the charity. 16. INVESTMENTS Listed investments Valuation At l January 2024 Additions Disposals Fair value movements 14,465,131 14,673,428 (8,844,756) 744,882 At 31 December 2024 21,038,685 Carrying amount At 31 December 2024 21,038,685 At 31 Decemkr 2023 14,465.131 All investments shown above are held at valuation. Investments are valued by the charity's portfolio's managers on the basis of mid-market prices from the appropriate Stock Exchange, market makers or from the relevant fund manager. Where fund rnaage publish a single pri¢¢, the valuation is on the basis of the published price. The historical cost of the investments is £18,998,267 (2023: £12.318.4I9). 17
THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUAILINTEE NOTES TO THE FINANCIAL STATEMENTS ( YEAR ENDED 31 DECEMBER 2024 17. DEBTORS 2024 2023 Other debtors 139,772 321,197 321,197 139,772 I& CREDITORS: 4mounts falling due wiibin one year 2024 2023 Accruals and deferred income 1000 1.800 19. ANALYSIS OF CHARITABLE FUNDS Unrestricted fulld8 At Gains and 31 December loss¢s 2024 At l January 2024 Income Expenditure General funds 15,322,852 5,817,150 (812,052) 1.490.641 21018591 At Gains and 31 December losses At l January 2023 Income Expenditure 2023 General funds 9.810.733 4,851,370 (664.510) 1,325,259 15,322.852 20. ANALYSIS OF NET ASSETS BETWEEIY FUNDS Unrestricted Total Funds Funds 2024 Investments Current asscts Creditors less than l year Nel assets 21,038,685 21,038,68S 781,706 781,706 (1,800) (1,800) 21.818,591 21018591 Unrestricted Total Funds Funds 2023 Investments cent assets Creditors less than l y¢ar 14.465,131 14,465,131 859,521 859,521 (1,800) {1,800) 15.322,852 15,322,852 Net as5els 18
THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 21. FINANCIAL INSTRUMENTS The carrying amount for each category of financial instnJm¢nt is as follows: 2024 2023 Financial assets measured at fair value thrnugb income and expenditure Investments 21,038,685 14.465.131 FinaDcig1 assets that are debt instruments measured at amortised eost Current assets 781,706 859,521 FinADcial liabilities measured at amortised eost Current liabilities 1,800 22. ANALYSIS OF CHANGES IN 1¥4ET DEBT At At l Jan 2024 Cash flows 31 Det 2024 Cash ai bank and in hand 538,324 103,610 641,934 19