Docusign Envelop8 ID.. 32D23DA[￿6A3c4D26-9ACE-98C8cI8BE51g Charity nvrnber. 1153470 THE BEAVERBROOK FOUNDATION UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Dwusign Envelope ID.. 32D23DA(k8A3C4D2&9ACE-9BCBC188ES19 THE BEAVERBROOK FOUNDATION CONTENTS Page Reference and Administrative Detarls of the Charlty, Its Trustees and Advisers Trustoes. Report Independent Examlnerfs Report Statement of Financial Activities Balance Sheet Notes to the Flnanclal Statements 9-20 Docusign Envelope ID.. 32￿k3DA￿C4D2￿9ACE-9BCBCl88E51g THE BEAVERBROOK FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Lord Beaverbrook, Chairman Lady Beaverbrook The Hon Mr M Aitken The Hon Mrs L Levi MrJEAKidd The Hon Mr A R Aitken The Hon Ms C Artken Charity registered number 1153470 Principal office 19 Crown Passage London SW1Y 6PP Chlef executive Miss J S Ford Accountants MHA Chartered Accountants 2 London Wall Place London EC2Y &4U Bankers C Hoare & Co London EC4R 4TT CAF Bank West Malling Kent ME19 4JQ Solicitors Fieldfisher LLP Riverbank House 2 Swan Lane London EC4R 3rr Cuslodians Multrees Investor Services Limited One Carter Lane London EC4V SAN Investment Managers Whitley Asset Management 116 Prin￿dale R￿id Notting Hill London W114NH Page 1 Docusign Envelope ID." 32o23DA￿8A3C4D26-9A¢E-9BCBCl8BES19 THE BEAVERBROOK FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual repK)rt tcgether with the finanaal ststements of the Charity for 1 January 2024 to 31 December 2024. The financial statements have been prepared in accordance with the provisions of the Statement of Recommended Practice {SORP) 'Accounting and Reporbng by Charitres. 2019. and applicable UK Accounting Standards and the Charities Ad of 2011. Objectlves and activities a. Maln activitles undertaken lo further the Charity's purposes for the public benefit We have referred to the guidance contsined in the Charity Commission's general guidance when reviewing our aim5 and objectives and in planning our future activities. In particular the Trustees consider how planned activities will contribute to the aims and objectives they have set. The Foundation supports a variety of causes in the UK including supporting charitable appeals and preserving heritage properties. The Foundation has also been entrusted with vartous collections of political cartoons. F￿litiCal papers and artefacts. The Trustees are reviewing what action to take to promote the collections for the benefit of the public. Achlevements and perforniance . Grant maklng The Foundation's key objective is the distribution of donations to other ￿gIStered charities. Grants are made al the discretion of the Trustees for charitable purposes including those that would have reflected the interests of the first Lord Beaverbrook. including.. Royal Air Force related charities. the purchase of books, papers, manuscripts or works of art. care of the aged or infimi. b. Historic documents, cartoons and artefacts The Foundation has been enlrusted with the care of political papers of enormous historical importance. Lord Beaverbrook's role at the heart of 20th Century politics means his own personal papers have great significants. As well as these, the Foundation owns the papers of Iwo British Prime Ministers, Uoyd George and Bonar Law. The papers are currenuy loaned lo the Houses of Parliament librdry in London. and are available to the public from the Parfiamentary ArchNes website {www.parliament.uk). The collection is of great significance to the Partiamentsry Archive and for the first six months of 2024 the totsl number of boxeslfiles ordered to the search room from the Beaverbrook Library was 805 - representing 24 /0 of the totsl retrievals during that period. Search room openings We￿ affected by limited staff resource and the need to support the Archives Relation Programme. The Beaverbrook Collection is being moved from the Padiamentary building to The National Archives based in Kew. London. During the move the collection is not available to the public but it is expected Services will resume in Autumn 2025. The Truslees do not consider it possible to pla￿ a value on these papers and therefore no amount is induded in heritage assets on the balance sheet in this regard. The Foundation owns a collection of over 8.000 historic cartoons by Low. Cummings. Vicky and Sttube. This collection is widely regarded as one of the most important collecfions of 20th Century British political cartoons. The Trustees have placed the collection on loan al the Templeton Library at the University of Kent at Canterbury. They have almost completed the digitisation of the whole collection. thus widening the availability of the cartoons to researchers and the general public. The Trustees have also set up a Beaverbrook Cartoon Scholarship to undertake work on the collection. The new owners of Cherkley Court. now known as Beaverbrook, have number of works of art belonging to the Foundation on loan, ensuring that they are on public display. Other items are on loan at the RAF Museum in Hendon and the RAF Club, London for public display. Page 2 Docusign Envelope ID.. 32D23DAck8A3c4D￿cE-9BCBCl8BEs19 THE BEAVERBROOK FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perforniance (continued) . Investment policy and perfomyance The Trustees adopt a cautious policy In respect of investments and this has been continued as a result of the volatility of world stock exchanges. Financial review a. Going concern After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going con￿rn ba￿5 in preparing the financial statements. b. Activity in the year The Investment Income was the main source of income. totalling £99,827 (2023: £89,228}. The Trustees are satisfied with the activity in the year and plan to increase the level of donations in the following year. The charity retains considerable reserves, largely represented by Investment assets. Structure. governance and management Constitution The Beaverbrook Foundation ts a registered charity. number 1153470. and is constituted as a Charitable Incorporated Organisation. b. Methods of appolntment or electlon of Trustees The management of the Charity is the responsibility of the Trustees who are elected and COwOPted under the terms of constitution. Financial risk management The Trustees have assessed Ihe major risks to ￿lch the Charity is exposed. in particular those related to the operations and finances of the Charity. and are satisfied that systems and procedu￿$ are in place to miligale exposure to the major risks. The key risk relates to investment management which is dealt with in other sections of this report. d. Trustees. remuneration and expenses The Trustees approved the pa￿ent of expenses during the year to lh8 Chairman of Trustees. other Trustees. No remuneration was paid to Trustees during the financial year. Plans for future periods The Beaverbrook Foundation continues its activities as a grant making organisation and looks to develop its archive. Page 3 Docusign Envelope10: 32023DAO4A3C4D2&9ACE-9BCBC188E519 THE BEAVERBROOK FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United lfjngdom Accounting Standards {United lQngdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the TTUStees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources. including its income and expenditure. for that period. In preparing these financial statements, the Trustees are required to. select suitable accounting policies and then apply them consistently. observe the methods and principles of the Charities SORP (FRS 1021- make judgments and accounting estimates that are reasonable and prudent; state whether applicabl8 UK Accounting Standards (FRS 102) have been followed. subject to any material departures disdosed and explained in the financial statements.. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity wll continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitys transactions and disclose wtth reasonable accuracy at any time the financial position of the Charity and enable Ihem to ensure that the ffinancial statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also iesponsible for safeguarding the assets of the Chartty and hence for taknng reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of Information to auditor Each of the persons vtho are Trustees at the time when this Trustees. Report is approved has confirmed that.. so far as that Trustee is aware. there is no relevant audit inforniation of which the charivs auditor is unaware, and that Trustee has taken all the step5 that ought to have been taken as a Trustee in order to be aware of any relevant audit inf0m￿tion and to estsblish that the charitys auditor is aware of that infomiation. Approved by order of the members of the t#)ard of Trustees and signed on their behalf by. dbr. 9130640DBD51438... 4FD3519AtIBF0444... Lord Beaverbrook Chair of Trustees Date= 5/28/2025 1 4:49 PM BST Th¢ Hon Ms C Aitken Trustee Pa9e 4 Docusign Envelope10". 32D23o￿3C4D￿9AcE-98c8cl8BE5I9 THE BEAVERBROOK FOUNDATION INDEPENDENT EXAPéllNER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examinerfs Report to the Trustees of The Beaverbrook Foundation (Ihe Charity.) I report to the charity Trustees on my examination of Ihe accounts of the Charity for the year ended 31 December 2024. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in ac￿rdanCe with the requirements of the Charities Act 2011 {'the 2011 ACV). I report in respect of my examination of the Charitrfs accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(51{b) of the 2011 Act. Page 5 Docusvjn Envelope ID: 32D23DATr8A3C402fv9ACE-98CBC18BE519 THE BEAVERBROOK FOUNDATION INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examiner's Statement Your attention is drawn to the fad that the Charty has prePa￿d the accounts in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordan¢e wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations bul has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounling Practi￿ effective for reFQrting periods beginnwig on or after 1 January 2015. I have completed my examination. I confirm Ihat no matters have come to my attention in connection the examination giving me cause to believe that in any material ￿speCt.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act: or the accounts do not accord w¢th those records: or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement Ihat the accounts give a Inje and fairf view whith is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Chariws Tnjstees, as a body, in accordance wth Part 4 of the Charitie5 (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitys Trustees those matters l am required to stste to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent pemitted by law. I do not a￿pt or assume responsibility to anyone other than the Charity and the Charitys Twstees as a body, for my work or for this reporL Signed-. Dated: lelLIL¢¥g Rakesh Shaunak FCA MHA Chartered ACC￿untant 2 London Wall Place London EC2Y SAU Page 6 Docusign Envelope10.. 32D23DAO4A3C4D2￿AcE-98cBCl88E5I9 THE BEAVERBROOK FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 ToLIl funds 2024 Total funds 2023 Nole Incorne from: Investments 99,827 99,827 89,228 Total income 99,827 99.827 89,228 Expenditure on: Investment management fees Charitable activities Other expenditure 76,577 450,582 43,604 76.577 450,582 43,604 78.346 481,201 45.255 Total expendlture 570,763 570,763 604.802 Net expenditure before net gains on Investments Net gains on investments (470,936) 746.908 {470.936) 746,908 (515,574) 1.141.375 Net movement in funds 275,972 275,972 625,801 Reconciliation of funds: Total funds brought forward Net movement in fvnds 12.622,125 275,972 12,622,125 275.972 11,996.324 625,801 Total funds carried forward 12.898,097 12,898,097 12,622, 125 The Staternent of Finanaal Activrties includes all gains and losses recognised In the year. The notes on pages 910 20 fom part of these financial stalements. Page 7 Docusign Envelope ID.. 32D230￿3c￿D2￿9AcE-98C8Cl8BE51g THE BEAVERBROOK FOUNDATION BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Tangible assets Investments 10 11 4,230.670 8,602.693 4,243, 123 9,620,963 12.833.363 13,864,086 Current assets Debl(ys Cash at bank and in hand 12 39,900 30,390 36,000 3Q.607 70.290 66,607 Creditors: amounts falling due V￿thIn one year 13 (5,556) (45.710) Net current aS￿ts 64,734 20,897 Total assets less current liabilities 12,898,097 13,884.983 Creditors.. amounts falling due after more than one year 14 (1.262,858) Total net assets 12,898,097 12,622,125 Charity funds Restricted funds Unrestricted funds 15 General funds 15 12,898,097 12,622, 125 Total unrestricted funds 15 12.898,097 12,622, 125 Total funds 12,898,097 12,622.125 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by. ODE￿5[9￿¢￿b￿. rtd br. 9130B4BOBOSt438... 4FDYy9￿F8444 . Lord Beaverbrook Chair of Tru51ees Date: 5/28/2025 | 4:49 PM BST The Hon Ms C Aitken Trustee The notes on pages 9 to 20 fom part of these finanaal statements. Page 8 D￿usign EnvdoFe 10.. 32023DAwA3C4D2￿ACE-9BcBC189Es19 THE BEAVERBROOK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General infomiatlon The Beaverbrook Foundation is a Charitable Incx)rporated Organisation {CIO). reglstered in England and Wales. Its prinupal office is 19 Crown Passage. London, SW1Y 6PP. The Foundation's functional currency is pounds sterling and the finanual statements are rounded to the nearest £. The accounting referen￿ date for the comparative accounting period is from 1 January 2023 to 31 De￿rnber 2023. Accountlng policies 2.1 Basis of preparation of financial statements The finanaal statements have been prepared in accordants wtth the Charities SORP IFRS 1021 Accounting and Repo￿n9 by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance ￿th the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effectwe 1 January 2019). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial ststements have been PrePa￿d to give a 'true and faiv wew and have departed from the Chartties (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following the Charities SORP (FRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been wthdrawn. The Beaverbrook Four)dation meets the definition of a public benefit entity under FRS 102. Assets and Itabilities are initially recognised at historical cost or transactron value unless otherwise stated In the relevant accounting policy. 2.2 Income All income is recognised once the Charity has enttllernent to the income. it is probable that the income wll be received and the amunt of income re￿[Vable can be measured reliably. Income tax recoverable in relation to investsnent income is re￿gnised at the time the investment income is receivable. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is dassified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned be￿een those activtties on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreaatio charges allocated on the portion of the asset's use. Expenditure on raising funds indudes all expenditure incurred by the Charity to raise furKls for ils charitable wrposes and indudes costs of all fundraising activities events and non-charitable trading. Page 9 Docusign Erbvefope ID.. 32D23DA(k8A3C402&9ACE-9BCBCI8BE519 THE BEAVERBROOK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 2.3 Expenditure (continued) Expenditure on charitsble activities is incurred on directly undertaking the activities which further the Charitys objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been Met at the year end are noted as a commitment. but not accrued as expendiiure. All expenditure is indusive of irrecoverable VAT. 2.4 Interest receivable Interest on funds held on deposit is included when recetvable and the amount can be measured reliably by the Charity: this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.5 Tangible fixed assets and depreclation Tangible fixed assets are initially recognised at cost. After recognition. under the cost model. tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tsngible fixed asset into tts intended working condttion should be included in the measurement of cosL Depreciation is charged so as to allo￿te the cost of tangible fixed assets less their residual value over Iheir estimated useful lives. on the following basis. Depreciation is provided on the following basis: Freehold tKopety offi￿ equipment 2% straight line 25¥0 reducing balance 2.6 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequenuy measured at fair value at the Balan￿ Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Lossesl on investments, in the Statement of Financial Activities. 2.7 Debtors Trade and other debtors are recognised at the $8tUement amount. Prepayments are valued at the amount prepaid. 2.8 Cash at bank and in hand Cash at bank and in hand indudes cash and short-temi highly liquid investments with a short maturity of Ihree months or less from the date of acquisition or opening of the deposit or similar account. Page 10 D¢xusi9n Erwefop8 ID.. 32D23DAO-8A3C4D2&9ACE-98CBC18BE519 THE BEAVERBROOK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies (continued) 2.9 Liabilitles and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement and the amount of the settiement can be estimated reliably. Liabilittes are recognised at the amount that the Charity anticipates it will pay to settle the debt or the arnount it has recerved as advanced payments for the goods or services il must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those arnounts. discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.10 Financial instruments The Charity only has financial assets and financial liabilit￿S of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value ￿th the exception of bank loans which are subsequently measured at amortised cost using the effectNe interest method. 2.11 Penslons The Charity operates a defined contribution pension scheme and the pension charge represents the arnounts payable by the Charity lo the fund in respect of the year. 2.12 Fund accounting General funds are unrestticted funds which are available for use at the discretion of the Trustees in furtherance of ihe general objectives of the Charity and which have not been designated for other purposes. Inveslment income. gains and losses are allocated to the appropriate fund. Investment income Unrestricted funds 2024 Total funds 2024 Rental income Dividends r￿e1Vable Interest recetvable 22,996 66,053 10.778 22,996 66,053 10,778 99,827 99,827 Page11 Docusign Envelope10'. 32D23DAts8A3C4D2&9ACE-¢JBCBC188E519 THE BEAVERBROOK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investment Income (continued) Unrestricted funds 2023 Totsl funds 2023 R8ntal income Dividends re￿1vable Interest receivable 18,058 56.878 14.292 18.058 56.878 14,292 89,228 89.228 Expenditure on charitable a¢llvltes Unrestricted funds 2024 Total funds 2024 Grants payable Support costs Staff costs 181,100 180.715 86.418 181,100 180,715 86,418 H8.233 448.233 Unrestricted funds 2023 Total fvnds 2023 Grants payable Support costs Staff costs 180,025 218.948 82.228 180,025 218.948 82,228 481,201 481,201 Page 12 Docusign Envelope ID.. 32D23DAW3C4D2&9ACE4BCBC188E519 THE BEAVERBROOK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of grants Grants to Institutions 2024 Total funds 2024 Grants payable 181.100 181,100 Grants to Institutions 2023 Total funds 2023 Grants payable 180,025 180,025 The Charity has made the following material grants to InstitLrtlons during the year: 2024 2023 Narne of institulion London Screen Academy English National Ballet BASMOM 15,000 55,000 10,000 20.000 6,000 5,000 1Q,000 15.000 10.000 10,000 Scales Conservation Fund Charlotte's BAG Ruskin Museum Bristol Music Trust National Motor Museum Oakhaven Hospice Trust London Ambulance RAF Club TimeGivers Royal Ballet School One Small Thing Shake Festival Hope for Tomorrow 15.000 10,000 5,000 5,000 25.000 10.500 11,000 5.000 8,000 5.000 124,500 131,000 Other grants (£5,000 and under. representing 50 institutions) 56,600 49,025 181.100 180,025 Page 13 Docusign Erbvelop8 ID.. 32D23DA￿8A3c4D2&9ACE-9BCBCl6BEs19 THE BEAVERBROOK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs Unreslricted fund5 2024 Total funds 2024 Archiving costs Legal costs Grantmaking costs Accountancy Premises and office costs Insurance Trustees. expenses Mortgage interest Bank charges 28.141 850 28.141 850 4,887 88,536 5,836 6.760 45.250 455 4,887 88.536 5,836 6,760 45,250 455 180.715 180,715 Unrestricted fvnds 2023 Total fvnds 2023 Archiving costs Legal costs Grantmaking costs Audit and accountancy Premises and office costs Insurance Trustees, expenses Mortgage interest Bank charges 26,882 5.831 1,339 6,859 62.813 5.448 6,083 102.267 604 26,882 5,831 1.339 6,859 62,813 5,448 6.083 102,267 604 218, 126 218.126 Page 14 Docusign Envekjpe ID.. 32D23DAW3C4D2&9ACE-9BCBC188ES19 THE BEAVERBROOK FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examlnerfs remuneration 2024 2023 Fees payable to the Charitys independent examiner for the independent examination of the Charitys annual accounts 3.700 3,600 Staff costs 2024 2023 Wages and salaries Soryal security costs Contribution to defined contribution penston schemes Private health Insurance 73,969 9,449 3.000 3,950 70,313 8,915 3.000 3,599 90,368 85,827 The average number of persons employed by the Charity during the year was as follows: 2024 2023 Employees The number of employees whose employee benefits (excluding employer pension costs) exceeded £60.000 was". 2024 2023 No. In the band £70,001- £80.000 Page 15 Docusign Envelop8 ID.. 32D23DA