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, at￿Ual 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 cOnn￿tion 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 D￿ernber 2024 fully refl￿ted 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 A￿o￿ntIng Practice). Company law r¢quir¢s the charity trusfres to prepare financial ststements for each year which give a t￿e 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 ex￿ndIture, 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 I￿Stee 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 (