The Burberry Foundation Annual Report and Financial Statements 31 March 2025 Compafty tsmited by Guarantee Registration Number 08731>70 IEn9lan¢ and Wales) Charlty Registrdtion Number 1154468 Contents Reports Reference and administrative Information 1 Trustees. report Independent auditorfs rèport Financial siatements ststement of financial activities 12 Balance sheet 13 statement of cash flows 14 Principal accounting policies 15 Notes to thefinancial ststements 17 The Burberry Foundation Reference and administrative infomiation Trustees Lord Christopher Holme5 Dr Gerard Murphy Edward Rash Fiona Campbell Secretary Stephanle Mackie Principal office Horseferry House Horseferry Road London SWIP 2AW Company registration number 08731570 Charity registration number 1154468 Audttors Buzzacott Audit LLP 130 Wood Street London EC2V 60L Solicitors Winckworth Sherwood LLP Minerya House 5 Montague Close London SEI 9BB Bankers Lloyds TSB Bank plc Crty Office 25 Gresham Street London EC2V 7HN The Burberry Foundation Trustees, report Year to 31 March 2025 The trustees. who are the direttors of the charitable company for the purpose5 of company law, present their statutory report together with the fjnancial statements of The Burberry Foundation, for the year to 31 March 2025. The charity commenced its operations on l January 2014, when the aclivities, together with the related assets, reserves and liabilities at that date. of a predecessor charity also called The Burberry Foundation (Charity registration number 11231021 transferred to the Foundation. The report ha5 been prepared in accortjance with Part 8 of the Charities Art 2011 and constitutes a dirertors, report for the purposes of the Companies Act 2006. The financial statements have been prepared in accordance with the accounting policies set out on pages 15 to 16 of the attached financial statements and comply with the charitable company's memorandum and articles of association. applicable laws and Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accou nts in accordance with the Financial Reporting Standard applicable in the United Kingdom an(S Republic of Ireland IFRS 1021- GOVERNANCE. sTrucfuRE AND MANAGEMENT Constitution The Burberry Foundation (the "Foundat%on-I was incorporated on 14 October 2013 as a company limited by guarantee under company registration number 08731570. On 5 November 2013, the Foundation registered on the Central Register of Charities under iegi5tration number 1154468. Trustees The names of the trustees who served during the year are set out as part of the reference and admlnistrative information on page l of these financial statements. Recruftment and oppthntment The appointment of trustees is governed by the Articles of Association under which new trustees may be appointed by the existing trustees. There must at all times be a minirnurn of three trustees. None of the trustees are remunerated in respect of their services 35 a trustee. Where addrtional trustees are appointed. the e¥isting trustees seek, as necessary, advice about this process from their advisors. Indurtion ond training The Foundation recognises that new and current trustees should be aware of the Foundation's charitable purposes. mode of operation, plans, policies and costs. All trustees have been provided with a copy of the Articles of Association, Conflict of Interest Polity and copies of other relevant policies in an induction pack prepared by their advisors which also include5 appropriate Charity Commission guidance. The trustees are provided with appropriate updates relating to matters imparting upon charity law and the running and administration of the Foundation. The Burberry Foundation Trustees, report Year to 31 March 2025 Key management personnel The trustees consider that they comprise the key management of the charity in charge of direrting and controllin& running and operating the charity on a day-to-day basis. Statement of trustse< responsibilities The trustees (who are also directors of the FoLJndation for the purposes of company lawl are responsible for preparing the trustees. report and financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the charity and of the income and expenditure of the charity for that year. In preparing these financial statements, the trustees are required to: selert suitable accounting policies and then apply them consistentlyi observe the methods and principles in Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland IFRS 1021: make judgements and estimates that are reasonable and prudent,. state whether applicable United Kingdom Accounting Standards have been followed, subjett to any material departures disclosed and explained in the f inancial 5tatements- and prepare the financial statements on the going concem ba515 unless It 15 inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at arry time the financial position of the charity and enable them to ensure that the rinancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularitses. Each of the trustees confirms that: so far as the trustee is aware. there 15 no relevant audit information of whlch the charivs auditors are unaware. and the trustee has taken all the Steps that they oughtto have taken a5 a trustee in orderto make themselves aware of any relevant audit information and to establish that the charivs auditors are aware of that information. This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006. Legislation in the United Kingdom governing the preparation and dissemination of financial statement5 may differ from legislation in other jurisdictions. The Burberry Foundation Trustees, report Year to 31 March 2025 Organlsatlon The trustees are ultimately responsible for the policies, activities and assets of the charity. The trustees approve all grants to be made by the Foundation before such grants are made. The main funrtions of the tnjstees are to- research and investigate charttable causes and organisations, with the goal of identifyinE opportunities that align with the Foundation's missionlvision: liaise with grant applicants and monitor the performance of grants to ensure that the Foundation's funding is being directed towards areas with demonstrated gaps and opportunities for strategic leverage. scale and sustainability: maintain the Foundation's records and information systems,. act as the main point of contsct for the Foundation for all stakeholders; and manage the financial affair5 of the Foundation. The trustees may delegate certsin function5 as listed above to employees within the group of companies of which Burberry Group plc is the ultFmate parent undertaking, '8urberry Group'i for which no charge has been incurred by the Trust in Connection with services provided. Risk management The trustees believe that by adopting fomial governance policies, monitoring reserve levels, ensuring that controls exist over key financial systems and by examining from time to time the operational risks faced by the Foundation and its grant makin& that they have established effective systems to mitigate the major risk5 to which the Foundation is exposed. The Foundation is primarily a grant-maker. which also reduces the overall level of risk. The Foundation has developed grant conditions and review Pfocedures to ensure that grants are monitored as necessary. A￿[VInES, SPECIFIC OBJEcllvES AND RELEVANT POUCIES Charitable objertives, arti¥ities and public benefit The Foundation's charitable objerts as expressed in its Articles of A550ciation are as follows.. o advance, promote or carry out such Charitable Purposes as the trustees in their absolute discretion from time to time think fit. 'Charitable Purposes, are purposes which are charitable in accordance with the law of England and Wales. The Foundation is a grant making charity and supports purposes which are within those listed in the Charities Act 2011. It makes grants in accordance wwth the Foundation'5 erant making policy, as set out below. The Burberry Foundatlon Trustees, report Year to 31 March 2025 The trustees have considered public benefit when reviewng the Foundation's aims and objectives and setting its grant making policy and through the work of the Foundation a number of charitable causes have benefited. Public benefit has been provided through the dedication of the Foundation's resources to further its misslon to Use the power of creativity to drive positive change in our communities. At the heart of this mission is Burberry Inspire. the Foundation's flagship global initiative. This programme is designed to provide opportunities for young people to explore their creativity, build life skills and onnect wlth their local communities. The grants made since inception have furthered the charitsble purposes. Forfurther details please see the 'Review of activities.. Fundraising statement The Foundation did not undertake any public fundraising activity, neither did it employ commercial third parties to undertake fundraising on their behalf. Grant making policy The trustees meet to review the Foundation's grant making policy and also consider the Foundation's overall grant making strategy as required. The trustees will normally award grants to registere(I charities. Exceptions to this policy will be reviewed on a case-by-case basis in light of the status of the applicant, its organisational strutture (for example, was it establtshed for philanthropic and benevolent purposes), and the requested PLErpose of the grant. The tfustees take care to ensure thatwhere grants are not made to registered charities, they are at all times made for charitsble purposes and the use of any grants made is monitored closely. The Grant Making Policy has been updated to reflert the Foundation's new strategic vision. Funding priorities and review of acti¥ities The Burberry Foundation is dedicated to improving the lives of young people worldwide. To further its mission and expand the reach of Burberry Inspire, the Foundation has ftjrmed a series of new partnerships with global youth organisations. Through this network. the Foundation offers Safe. supportive environments where young people can build confidence. develop essential skills, and harness their creativity to drive positive change in their lives and communities. The current cycle of grants is focused on supporting these partner organisations to amplify the programme's impact. The Foundation's grant making is focused on supporting communities in key Burberry supply chain locations and driving industry-wide innovation in waste utilisation, materials, production and consumer interactions. The Burberry Foundation has committed to grant recipients for a three-year period and has asked partners to develop programmes in a way that ensures sustainability of activities and impact beyond 2026. should there be no Foundation funding available after the agreed partnership period. Grant partners are subjert to a regular impatt evaluation process. before funds are released on an annual basi5. The Foundation retain5 the right to cancel any partnership, and cease payment of further grants, should the partner not act in accordance with the terms of the grant agreement. The Burberry Foundation Trustees, report Year to 31 Marth 2025 The Burberry Foundation has a longstanding commitment to helping others and positively impacting communities around the world. Due to the refugee crisis as a result of the Ukraine war, the Foundation's youth empowerment mission supported the needs of young people and their families who had been displaced. In considering requests for support, the Foundation considers projects that: are managed competently, with clear accountability, cost effectiveness. strong leadership and creativity,. provide a signrficant and measurable impact- are located in a community where Burberry Group employees live and work; and have the potential to offer volunteering opportunities for Burberry Group employees. Once grants have been made. Burberry Group's employees are encouraged to participate in volunteer opportunities With the charities. The Burberry Group supports this volunteering through a range of programmes and policies which are designed to leverage the impart of grants made by the Foundation. Trustees consider grants to projects that respert diversity, inclusion and equal opportunity. The Foundation operates independently from the Burberry Group. To ensure that they act lawfu Ily at all times, the trustees tske advice on any artniities whÈch involve the Burberry Group. As the Foundation has no employees. work is carried out on a pro bono basis by Burberry Group stsff, referred to as Fourbdation Volunteers. Terms and conditions or grants are drafted by 8urberry Group employees (Foundation Volunteersl in discussion with beneficiaries and are considered and approved by the trustees on a case-by-c35e basis. The Foundation complies with all relevant laws regarding charitable donations and charity beneficiaries in all countries where it is active. FINANCIAL REVIEW Results lor the year A Summary of the period's results can be found on page 12 of this report and financi31 statements. During the year ended 31 March 2025, total income amounted to £2,100,00012024: £1,530,122), all of which arose from voluntary income. The trustees committed to grants of £2,663,96712024'. £2,872,082) to various charities during the year. The charity incurred support costs of £ 18,222 12024.. £7,5861- This resulted in a net expenditure and movement in funds for the year of £582,189 12024.. net expendwture of £1.349.5461. Financial position The balance sheet shows totsl funds of £459,26112024.' £1,041,450), all of which unrestricted funds. The Burberry Foundation Trustees. report Year to 31 March 2025 Reserves policv The trustees have examined the Foundation's requirements for reserves in light o* the main risks to the Foundation and its future philanthropic ambitions. The trustees have established a resetves policy to protect the Foundation and tts long-term charitable giving strategy by providing time to adjust to changing financial circumstances. It is the policy of the trustees to hold prudent levels of reserves and unrestricted income in addition to fully providing for all committed funds. Cashflow projections for income and expendtture are reviewed by the trustees to ensure that the level of disposable net assets is adequate and that the Foundation is in a position to meet all its commitments. As part of agreeing the long term partnerships the trustees have reviewed the Foundation's forecast reswves position up to 2026127. As a result of planned donations over this period, the current level of reserves is expected to gradually reduce to between É300,000 and £200,000 by 2026127. As such the current level of reserves is in line with the Foundation'5 Reserves Policy. The reserves policy is reviewed as required to reassess the risk5 and reflect changes to the Foundation's income. financial obligations and long-term plans for charitable expenditure. FUTURE PLANS The Foundation plans to continue to support communities in key Burberry Group's key operating locations. The strategic mission for The Burberry Foundation tontentrates all of its resources on reative youth development through the Burbery Inspire programme. Twelve partners have been identified and on-boarded. the International Youth Foundation IIYFI, to act as a global partner for Burberry Inspire, and regional delNery partners in the U.K., U.S., Japan, Italy, and South Korea. Burberry Inspire's objective is designed to provide opportunities for young people to explore their creativity. build life skills and connect with their local communities. The programme presents an opportunity for the Foundation to make a tangible difference to thousands of young people around the world from underseThed communities. Signed on behalf of the trustee5= 6gkk GErry Ilurp y Ioec 22, 20 io..s >GféTI Chri3 Rolmes (ji ec 24. 2025 11'.42.04 GMT) Twstee Trustee Approved by the trustees on: 19 December 2025 The Burberry Foundation Independent auditor's report Year to 31 Marth 2025 Independent auditor's report to the members of The Burt)ery Foundation Opinion We have audited the tlnancial statements of The Burberry Foundation (the 'charitable company'l fortheyearended 31 March 2025which comprise the statement of financial activities, the balance sheet, the ststement of cash flow& the principal accounting policies and the notes to Ihe financlal statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted AccouThting Practice). In our opinion, the financial statements- give a true and fair view of the state of Ihe charitable company's affairs as at 31 March 2025 and of Its income and expendituretorthe perlod then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audlt In accordance with International Standards on Auditing IUKI (ISAS IUK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements Ihat are relevant to our audit of the fIna￿CIal statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requlrements. We believe that the audit evidence we have obtained is sufficlent and appropriate to provide a basis for our oplnion. Conclusions relating to going concern In auditing the financial statements, we have concluded thatthetrustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 8ased on the work we have performed. we have not identified any materlal uncertainties relating to events or conditions that, individually or collectively, may cast signif icant doubt on the charitable company's ability to continue as a going concern for a period of ai least twelve months from when the financial statements are authorized for issue. Our responslbilities and the responslbillties of the trustees with re>pect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report and financial statements, otherthan the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained withln the annual report and financial statements. Our opinlon on the financlal statements does not cover the other infofmation and, except lo the The Burberry Foundation Independent auditor's report Year to 31 March 2025 extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is lo read the otherlnformation and, in doing so, consider whether the other inf ormation is materially inconsistent with the financial statements or our kr¢owledge obtained in the course of the audlt or otherwise appears to be materially misstated. If we identify such rnaterial Inconsistencies orapparent material mlsstatements, we are required to determine whether this gives rise to a materlal mlsstatement in the f inancial statements themselves. If, based on thework we have performed,we concludethatthere is a material mlsstatement of this other information, we are required to report that facL We have nothlng to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our oplnion, based on the work undertaken in the course of the audlt.. the information glven in the trustees. report, which is also the directors. report for the purposes of company law. for the flnanclal period for which the financial statements are prepared is consistent with the financlal statements. and Ihe trustees, report, which is also the dlrectors. report for the purposes of company law, has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and Its environment obtained In the course of the audit. we have not identified material misststements in the Irustees, reporL We have nothing to report in respect of the following matters in relation to whlch the CompaniesAct 2006 requires us to report to you if, In our opinion: adequate accountln9 records have not been kept. or returns adequate for our audit have not been recelved from branches not visited by us- or the financlal statements are not in agreement with the accounting records and returns., or certain disclosures of trustees. remuneration specrfied by law are not made. or we have not received all the information and explanations we require for our audit. Responsibillties of trustees As explained more fully in the Iwstees, responsibllities statement, the trustees (who are also Ihe directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for belng satisfied that they give a true and falr vlew, and for such Internal control as the trustees detemiine Is necessary to enable the Preparation of financlal statements that are free from materlal misststement. vvhether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing. as applicable, matters related to going concern and using the golng concern basls of accounting unless the trustees either intend The Burberry Foundation Independent auditor's report Year to 31 March 2025 to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Auditorfs responsibilities for the audlt of the financial statements Our objectives are to obtain reasonable assurance about whether the ,:Inancial statements as a whole arefreefrom material misstatement, whether due to fraud or error. and to issue an auditorfs report that Includes our opinion. Reasonable assuran¢e is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material mlsstatement when it exists. Misstatements can arlse from fraud or error and are considered malerial If, Individually or in the aggregate, +hey could reasonably be expected to influence the economlc decisions of ￿serS taken on the basis of these financialstatements. Irregularities, including f raud. are instances of non-compliance with laws and regulatlons. We design procedures In line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities. including f raud. The extent to which our procedures are capable of detectlng Irregularities. Including fraud is detailed below= + We obtained an understanding of the legal and regulatory framework5 that are applicable to thecharltable company and delerminedthatthe mostsignrficant arethe CompaniesAct2006, the Charities SORP FRS 102. and the Charities Act 2011. We understood how the charitable company is complying wilh those legal and regulatory frarneworks by maklng inquiries to management and those responsible for legal. compliance and governance procedures. We corroborated our inquiries through our review of trustee meetings and papers provided to the trustees. + We assessed the susceptibility of the charitable company's financial slatements to m3Lerial mi5Statements, including how fraud might occur. Audit procedures performed by the engagement team included: • Identifying and assessing the design and Implementation of controls in place to prevent and detect fraud: • Challenging assumptions and judgments made by management and the tru>tees in its significant accounting estimates: Identlfylng and testing journal entries, in particular adjustments made at the period-end for financial statement preparation; and Assessing the extent of compliance with relevant laws and regulations by reviewing any -gal advisors. correspondence ivith regulators and l. A f urther description of our responsibilities for the audll of Ihe accounts is located on the Flnancial Reporting Council's website at www.frc ditorsres onsibilities. Thls description forms part of ourauditovs report. Use of Ihis report This report is made $0Sely to the charitable compar)y's member, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work The Bvrberry Foundation 10 Independent auditor's report Yearto 31 March 2025 has been undertaken so that we might state to the charitable company's member those matters we are required to state to them in an auditor's report and for no other purpose. To the lullest extent perrnitted by law, we do not accept or assume responslbility to anyone other than the charitable company and the charitable company's Memberasa body, for ourauditwork. forthis report, orforthe opinions we have formed. Bwc.tt A,Lbt LLf Katharine Patel 9.261 1,041,450 The funds of the charity Income funds Unrestricted general funds 459.261 1,041,450 1,041,450 459.2v1 Approved by the trustees and Signed on thelr behalf by- Gepk arrj Nlii-. p ,y IDec 22. 2Q. Trustee '.)6 CIMTI Chris Holii!e5 IDec 24. 202J_1..42..04 GNITI Trustee Approved by the trustees on: 19 December 2025 Company registration number= 08731570 (England and Wales) The Burberry Foundation 13 Statement of cash flows Year to 31 March 2025 Yearto 31 March 2025 Year to 31 March 2024 Cash flows from operatlng acttvities Net movement in lunds per the ststement of financial activities Increase in K+reditors 1582.189) 6,￿0 (515.6491 ft,349,5461 250 Net ¢a$h (used in) operatlng actlvttles 0,349,295) Change In cash aThJ cash equivalents (575,649) (1,349,2951 Opening cash and cash equlvalents at 1 April 2024 Closlng ￿$h and cash equivalents at 31 March 2025 1.047.450 4n,801 2,396,746 1,047,450 No separate reconciliatlon of net debt has been prepared as there is no difference between the net cash Idebt) of the charily and the above cash and cash equivalents The Burberry Foundation 14 Principal accounting policies Yearto 31 March 2025 The principal accounting policies adopted, judgements and key sources of estlmatlon uncertainty in the Pfeparation of the financial statements are laid out below. a) Basis of preparation These financial statements have been prepared for the year to 31 March 2025. The financial statements have been prepared under the historical cost convention with Items recognlsed at cost or transaction value unless otherwise stated In the relevant accounting policies below or the notes to these financial statements. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charltles preparing their accounts in accordance wilh the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland IFRS1021 (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UKand Republic of Ireland IFRS 102) and the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements are presented in sterllng and are rounded to the nearest pound. b) Critical accounting estimates and areas of judgement Other than the assessment of going concern below. the preparation of the financial ststemenls did not requlre the trustees to make any significant ludgernents or estimates. c) Assessment of going concern The trustees have assessed whether the use of the going concern assumption Is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these f inancial statements. The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the abllity of the charty to contlnue as a going concern. The trustees are of the oplnion that the charity wlll have sufficient resources to meet tts liabilities as they fall due. d) Income recognition Income is recognised in the period in which thecharity is entitled to receipt, the amount can be measured reliably and it is probable that income will be received. Income comprises donations and investment income. The Burberry Foundation 15 Principal accounting policies Yearto 31 March 2025 Donations are recognised when the charity bas confirmation of both the amount and settlement date. In the event of donations pledged but not received, the amount is accmed for where the receipt is considered probable. In the event that a donation Is subject to condltions that require a level of performance bef ore the Charity is entitled to the funds. the income is deferred and not recognised until either those conditions are fully met, or the fulf ilment of those condttions is wholly within the control of the charlty and it is probable that those conditions wlll be fulfllled. Interest on funds held on deposit Is included when receivable and the amount can be measured reliably by the charity. this Is normally upon notif ication of the interest paid or payable bylhe bank. d) Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the chartty to make a payment to a third party. it is probable th2t a transfer of economic benefits wlll be required In settlement and the amount of obllgatlon can be measured reliably. Expendlture comprises grants payable as part of the Foundation's charltsble activltles. as well as adminislrative cosls pertainlng to the charity and tts grant-making. Grants payable are included in the statement of financial activities when approved and when the intended recipient has either received the funds or been informed of the decision to rnake the donation and has satisfied all ielated conditions. Grants approved but not paid at the end of the financial period are accrued for. Grants where the beneficiary has not been Informed or has to meet certsin condition5 before the grant is released are not accnjed tor but are noted as f inancial commitments in the notes to the f inancial statements. All expenditure is stated Incluslve of irrecoverable VAT. e) Cash at bank and in hand Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity ot less than three months from the date of acquisition. fj Creditors Credltors are recognised when there ￿ an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economlc benefit will be required In settlement, and the amount of the settlement can be estimated rellably. Creditors are recognlsed al the amount the charity anticipates it will pay to settle the debt. Where material they have been discounted to the present value of the future cash payment. g) Fund accounting The general unrestficted funds represent funds available for the general charitable purposes of the charity at the discretion of the trustees. The Burberry Foundation 16 Notes to the financial statements Year to 31 March 2025 1 Donations Year to Year to 31 March 2024 31 March 2025 Total Total Donatlons from BuTberry Group Total donatlons 2.100.000 2,100.000 1,530,122 1,530,122 2 Grants payable Year to 31 IAarch 2025 Total Year to 31 March 2024 Total UK Royal College of Art Onside 150,000 400,000 412,000 30,122 992,122 395,000 412.000 Save the Chlldren Fareshare 807,000 USA International Youth Foundatlon 1,856,967 1,879,960 Total grants payable 2,663,967 2,872,082 Grant Commitments At 31 March 2025, the charity had agreed in prlnclple io make the following grants In future years: 202&26 202&27 International Youth Foundatlon 1,851,070 1,500,000 400,000 2,251,070 1,500,000 Onside The Burberry Foundation 17 Notes to the financial statements Year to 31 March 2025 The payment of these grants is subject to annual review and is conditional on The Burberry Foundation being satisfied that the grant fijnds are being used in accordance with the grantagreements. As a result. a liabtlity has not been included in the accountsat 31 March 2025for these commitments. 3 Support costs Year to 31 March 2025 Year lo 31 March 2024 Total Total Grant and charity administration costs Audit fees 12.022 6.200 18,222 1,586 6,000 7,586 Total support costs 4 Taxation The Burberry Foundation is a re9iStered charity and therefore is not liable to income tax or corporation tax on income derlved from its charitable activities as it falls wlthln the various exemptions available to registered charities. 5 Creditors: falling due within one year 31 March 2025 31 March 2024 Totsl Total Accruals 12,540 12.540 6,000 6,000 Total credltors Grants payabl• at 1 April Commitments made in the year Grants paid during the year Grants payable at 31 March 2.663.967 2,872,082 12.663.967) Q,872,0821 6 Connected organisatlons The Foundation operates from Burberry Group offices in the UK The charity and grant adminlstration of the Foundation was undertaken by staff members of the Burberry Group. No charge is madefor these services. The Burberry Foundation 18 Notes to the financial statements Year to 31 March 2025 7 Remuneration of trustees and key management personnel The trustees consider that they comprise the key management of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. The trustees receive no remuneration or reimbursement of expenses in connection with their duties. 8 Related party transactions The only related party transaction relates to income received from Burberry Group (page 11. The Burberry Foundation 19