Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
Charity number: 1155477
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
EYRE FAMILY FOUNDATION
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## CONTENTS
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 3|
|**Independent examiner's report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6|
|**Notes to the financial statements**|7 - 13|
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024
## **Trustees**
J Eyre K Eyre
**Charity registered number** 1155477
**Principal office** House Above Lower Road Loosley Row Buckinghamshire HP27 0NU **Accountants** Menzies LLP Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP
## **Independent Examiner**
Janice Matthews Menzies LLP Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP
Page 1
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their Annual Report and the financial statements for the year ended 31 March 2024. They are satisfied that the financial statements comply with the requirements of the Charities Act 2011, the Trust Deed and the Statement of Recommended Practice issued in March 2008.
## **Reference and Administrative Details**
The Charity is constituted as a Deed of Trust dated 18 February 2013 and was registered with the Charity Commission on 24 January 2014. Trustees who served during the period to 31 March 2024 were Mr J Eyre and Mrs K Eyre. The principal address is:
House Above Lower Road Loosley Row Buckinghamshire HP27 0NU
## **Structure, Governance and Management**
The Trustees administer the Charity and also meet annually on a formal basis. In the interim the Trustees consider appropriate awards of grants in accordance with the terms of the Trust Deed. There are no employees of the Trust. The Trustees have the power to appoint additional Trustees.
## **Objectives, Activities and Public Benefit**
The object of the Charity is the advancement of education, arts, culture and heritage in England, for the benefit of the general public and mankind. During the period since 1st April 2015 the Charity’s object has been pursued with consideration of grants to various educational and cultural causes.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives, managing the Trust's assets and considering applications for financial assistance.
## **Achievements and Performance**
During the period from 1st April 2023 to 31 March 2024 a total of 6 grants were made amounting to £40,524.
## **Financial Review**
One donation of £100,000 was received during the period; the Trustees are expected to continue to be the main source of income. Absolute Financial Services Ltd continue to manage investment of the charity’s reserves on its behalf. The funds are placed with Funds Network and at 31 March 2024 were valued at £234,595. The investment income in the year amounted to £4,438 and the unrealized capital gain in the year was £12,542.
## **Reserves Policy**
Total reserves held at the year end were £311,110 (2023: £241,961) all of which are unrestricted. The unrestricted fund can be applied for the general purposes of the charity as set out in the governing document.
## **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 concern basis in preparing the financial statements.
## **Future Plans**
In the year ahead the Trustees plan to continue to pursue the Charity’s object by making monetary grants to appropriate good causes.
Page 2
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
## **Risk Management**
The Trustees have examined the major strategic and operational risks that the Charity faces and confirm that systems have been established for regular reporting so that the necessary steps can be taken to lessen those risks.
## **Declaration**
We approve the attached accounts set out below for the year period ended 31 March 2024 and confirm that we have made available all the relevant records and information required for their preparation.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ **J Eyre** (Trustee)
Date: 25-Jan-2025
Page 3
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## INDEPENDENT EXAMINERS' REPORT
## **Independent examiner's report to the Trustees of Eyre Family Foundation ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which 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 Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 27-Jan-2025
Janice Matthews FCA
Menzies LLP Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP
Page 4
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
|**Note**
**Income from:**
Donations and legacies
2
Investments
3
**Total income**
**Expenditure on:**
Raising funds
4
Charitable activities
**Total expenditure**
**Net income/(expenditure) before net gains/(losses) on**
**investments**
Net gains/(losses) on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
**100,000**
**4,438**
**104,438**
**3,044**
**44,787**
**47,831**
**56,607**
**12,542**
**69,149**
**241,961**
**69,149**
**311,110**|**Total**
**funds**
**2024**
**£**
**100,000**
**4,438**
**104,438**
**3,044**
**44,787**
**47,831**
**56,607**
**12,542**
**69,149**
**241,961**
**69,149**
**311,110**|_Total_
_funds_
_2023_
_£_
_40,000_
_2,352_|
|---|---|---|---|
||||_42,352_|
||||_1,868_
_49,054_|
||||_50,922_|
||||_(8,570)_
_(13,411)_|
||||_(21,981)_|
||||_263,942_
_(21,981)_|
||||_241,961_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 13 form part of these financial statements.
Page 5
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## BALANCE SHEET AS AT 31 MARCH 2024
|**Note**
**Fixed assets**
Investments
8
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one year
9
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Unrestricted funds
10
**Total funds**|**82,977**
**82,977**
**(6,462)**|**2024**
**£**
**234,595**
**234,595**
**76,515**
**311,110**
**311,110**
**311,110**
**311,110**|_27,434_
_27,434_
_(6,132)_|_2023_
_£_
_220,659_|
|---|---|---|---|---|
|||||_220,659_
_21,302_|
|||||_241,961_|
||||||
|||||_241,961_|
|||||_241,961_|
||||||
|||||_241,961_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ **J Eyre** (Trustee)
25-Jan-2025 Date:
The notes on pages 7 to 13 form part of these financial statements.
Page 6
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) 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 withdrawn.
Eyre Family Foundation meets the definition of a public benefit entity under FRS 102.
The financial statements are presented in sterling and have been rounded to the nearest £.
## **1.2 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 concern basis in preparing the financial statements.
## **1.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the charity's operations.
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 expenditure.
## **1.5 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance 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 ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Page 7
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **1. Accounting policies (continued)**
## **1.6 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.7 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
## **2. Income from donations and legacies**
|Donations
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
100,000
_40,000_|**Total**
**funds**
**2024**
**£**
**100,000**
_40,000_|_Total_
_funds_
_2023_
_£_
_40,000_|
|---|---|---|---|
|||||
## **3. Investment income**
|Listed investments
Bank interest
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
4,437
1
4,438
_2,352_|**Total**
**funds**
**2024**
**£**
**4,437**
**1**
**4,438**
_2,352_|_Total_
_funds_
_2023_
_£_
_2,352_
_-_|
|---|---|---|---|
||||_2,352_|
|||||
Page 8
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **4. Investment management costs**
|Investment management fees
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
3,044
_1,868_|**Total**
**funds**
**2024**
**£**
**3,044**
_1,868_|_Total_
_funds_
_2023_
_£_
_1,868_|
|---|---|---|---|
|||||
## **5. Analysis of grants**
|Grants, Donations
_Total 2023_|**Grants to**
**Institutions**
**2024**
**£**
40,524
_45,000_|**Total**
**funds**
**2024**
**£**
**40,524**
_45,000_|_Total_
_funds_
_2023_
_£_
_45,000_|
|---|---|---|---|
|||||
The Charity has made the following material grants to institutions during the year:
|Southbank Sinfonia
Second Chance
The Pace Centre Ltd
WheelPower (Stoke Mandeville)
Woodrow High House
National Theatre Educatiom
Dog A.I.D
RAW Workshop
Princes Risborough Centre
Lindengate
Chiltern Open Air Museum|**2024**
**£**
**10,000**
**10,000**
**-**
**-**
**-**
**-**
**-**
**8,524**
**2,000**
**5,000**
**5,000**
**40,524**|_2023_
_£_
_10,000_
_12,000_
_10,000_
_2,000_
_5,000_
_5,000_
_1,000_
_-_
_-_
_-_
_-_|
|---|---|---|
||||
|||_45,000_|
Page 9
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **6. Analysis of expenditure by activities**
|Donations
_Total 2023_|**Grant**
**funding of**
**activities**
**2024**
**£**
40,524
_45,000_|**Support**
**costs**
**2024**
**£**
4,263
_4,054_|**Total**
**funds**
**2024**
**£**
**44,787**
_49,054_|_Total_
_funds_
_2023_
_£_
_49,054_|
|---|---|---|---|---|
||||||
## **Analysis of support costs**
|Accountancy Fees
Bank charges
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
4,170
93
4,263
_4,054_|**Total**
**funds**
**2024**
**£**
**4,170**
**93**
**4,263**
_4,054_|_Total_
_funds_
_2023_
_£_
_3,954_
_100_|
|---|---|---|---|
||||_4,054_|
|||||
## **7. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £1,513 ( _2023_ - _£1,375_ ).
Page 10
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **8. Fixed asset investments**
|**Cost or valuation**
At 1 April 2023
Movements
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_
**Material Investments**
Listed Investments
Cash and cash equivalents
**9.**
**Creditors: Amounts falling due within one year**
Other creditors|**2024**
**£**
**131,694**
**100,614**
**232,308**
**2024**
**£**
**6,462**|**Listed**
**investments**
**£**
**220,659**
**13,936**|
|---|---|---|
|||**234,595**|
|||**234,595**|
|||_220,659_|
|||_2023_
_£_
_123,068_
_97,591_|
|||_220,659_
_2023_
_£_
_6,132_|
Page 11
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **10. Statement of funds**
**Statement of funds - current year**
|**Unrestricted funds**
General Funds - all funds
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds|**Balance at 1**
**April 2023**
**£**
**241,961**
_Balance at_
_1 April 2022_
_£_
_263,942_|**Income**
**£**
**104,438**
_Income_
_£_
_42,352_|**Expenditure**
**£**
**(47,831)**
_Expenditure_
_£_
_(50,922)_|**Gains/**
**(Losses)**
**£**
**12,542**
_Gains/_
_(Losses)_
_£_
_(13,411)_|**Balance at 31**
**March 2024**
**£**
**311,110**|
|---|---|---|---|---|---|
||||||_Balance at_
_31 March_
_2023_
_£_
_241,961_|
Page 12
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **11. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|Fixed asset investments
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2024**
**£**
234,595
82,977
(6,462)
311,110|**Total**
**funds**
**2024**
**£**
**234,595**
**82,977**
**(6,462)**|
|---|---|---|
|||**311,110**|
## **Analysis of net assets between funds - prior period**
|Fixed asset investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
_220,659_
_27,434_
_(6,132)_
_241,961_|_Total_
_funds_
_2023_
_£_
_220,659_
_27,434_
_(6,132)_|
|---|---|---|
|||_241,961_|
## **12. Related party transactions**
During the year, no Trustees received any remuneration (2023 - £NIL). During the year, no Trustees received any benefits in kind (2023 - £NIL). During the year, no Trustees received any reimbursement of expenses (2023 - £NIL).
Page 13
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
Charity number: 1155477
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
EYRE FAMILY FOUNDATION
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## CONTENTS
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 3|
|**Independent examiner's report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6|
|**Notes to the financial statements**|7 - 13|
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024
## **Trustees**
J Eyre K Eyre
**Charity registered number** 1155477
**Principal office** House Above Lower Road Loosley Row Buckinghamshire HP27 0NU **Accountants** Menzies LLP Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP
## **Independent Examiner**
Janice Matthews Menzies LLP Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP
Page 1
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their Annual Report and the financial statements for the year ended 31 March 2024. They are satisfied that the financial statements comply with the requirements of the Charities Act 2011, the Trust Deed and the Statement of Recommended Practice issued in March 2008.
## **Reference and Administrative Details**
The Charity is constituted as a Deed of Trust dated 18 February 2013 and was registered with the Charity Commission on 24 January 2014. Trustees who served during the period to 31 March 2024 were Mr J Eyre and Mrs K Eyre. The principal address is:
House Above Lower Road Loosley Row Buckinghamshire HP27 0NU
## **Structure, Governance and Management**
The Trustees administer the Charity and also meet annually on a formal basis. In the interim the Trustees consider appropriate awards of grants in accordance with the terms of the Trust Deed. There are no employees of the Trust. The Trustees have the power to appoint additional Trustees.
## **Objectives, Activities and Public Benefit**
The object of the Charity is the advancement of education, arts, culture and heritage in England, for the benefit of the general public and mankind. During the period since 1st April 2015 the Charity’s object has been pursued with consideration of grants to various educational and cultural causes.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives, managing the Trust's assets and considering applications for financial assistance.
## **Achievements and Performance**
During the period from 1st April 2023 to 31 March 2024 a total of 6 grants were made amounting to £40,524.
## **Financial Review**
One donation of £100,000 was received during the period; the Trustees are expected to continue to be the main source of income. Absolute Financial Services Ltd continue to manage investment of the charity’s reserves on its behalf. The funds are placed with Funds Network and at 31 March 2024 were valued at £234,595. The investment income in the year amounted to £4,438 and the unrealized capital gain in the year was £12,542.
## **Reserves Policy**
Total reserves held at the year end were £311,110 (2023: £241,961) all of which are unrestricted. The unrestricted fund can be applied for the general purposes of the charity as set out in the governing document.
## **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 concern basis in preparing the financial statements.
## **Future Plans**
In the year ahead the Trustees plan to continue to pursue the Charity’s object by making monetary grants to appropriate good causes.
Page 2
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
## **Risk Management**
The Trustees have examined the major strategic and operational risks that the Charity faces and confirm that systems have been established for regular reporting so that the necessary steps can be taken to lessen those risks.
## **Declaration**
We approve the attached accounts set out below for the year period ended 31 March 2024 and confirm that we have made available all the relevant records and information required for their preparation.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ **J Eyre** (Trustee)
Date: 25-Jan-2025
Page 3
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## INDEPENDENT EXAMINERS' REPORT
## **Independent examiner's report to the Trustees of Eyre Family Foundation ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which 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 Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 27-Jan-2025
Janice Matthews FCA
Menzies LLP Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP
Page 4
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
|**Note**
**Income from:**
Donations and legacies
2
Investments
3
**Total income**
**Expenditure on:**
Raising funds
4
Charitable activities
**Total expenditure**
**Net income/(expenditure) before net gains/(losses) on**
**investments**
Net gains/(losses) on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
**100,000**
**4,438**
**104,438**
**3,044**
**44,787**
**47,831**
**56,607**
**12,542**
**69,149**
**241,961**
**69,149**
**311,110**|**Total**
**funds**
**2024**
**£**
**100,000**
**4,438**
**104,438**
**3,044**
**44,787**
**47,831**
**56,607**
**12,542**
**69,149**
**241,961**
**69,149**
**311,110**|_Total_
_funds_
_2023_
_£_
_40,000_
_2,352_|
|---|---|---|---|
||||_42,352_|
||||_1,868_
_49,054_|
||||_50,922_|
||||_(8,570)_
_(13,411)_|
||||_(21,981)_|
||||_263,942_
_(21,981)_|
||||_241,961_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 13 form part of these financial statements.
Page 5
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## BALANCE SHEET AS AT 31 MARCH 2024
|**Note**
**Fixed assets**
Investments
8
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one year
9
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Unrestricted funds
10
**Total funds**|**82,977**
**82,977**
**(6,462)**|**2024**
**£**
**234,595**
**234,595**
**76,515**
**311,110**
**311,110**
**311,110**
**311,110**|_27,434_
_27,434_
_(6,132)_|_2023_
_£_
_220,659_|
|---|---|---|---|---|
|||||_220,659_
_21,302_|
|||||_241,961_|
||||||
|||||_241,961_|
|||||_241,961_|
||||||
|||||_241,961_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ **J Eyre** (Trustee)
25-Jan-2025 Date:
The notes on pages 7 to 13 form part of these financial statements.
Page 6
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) 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 withdrawn.
Eyre Family Foundation meets the definition of a public benefit entity under FRS 102.
The financial statements are presented in sterling and have been rounded to the nearest £.
## **1.2 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 concern basis in preparing the financial statements.
## **1.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the charity's operations.
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 expenditure.
## **1.5 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance 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 ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Page 7
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **1. Accounting policies (continued)**
## **1.6 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.7 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
## **2. Income from donations and legacies**
|Donations
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
100,000
_40,000_|**Total**
**funds**
**2024**
**£**
**100,000**
_40,000_|_Total_
_funds_
_2023_
_£_
_40,000_|
|---|---|---|---|
|||||
## **3. Investment income**
|Listed investments
Bank interest
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
4,437
1
4,438
_2,352_|**Total**
**funds**
**2024**
**£**
**4,437**
**1**
**4,438**
_2,352_|_Total_
_funds_
_2023_
_£_
_2,352_
_-_|
|---|---|---|---|
||||_2,352_|
|||||
Page 8
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **4. Investment management costs**
|Investment management fees
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
3,044
_1,868_|**Total**
**funds**
**2024**
**£**
**3,044**
_1,868_|_Total_
_funds_
_2023_
_£_
_1,868_|
|---|---|---|---|
|||||
## **5. Analysis of grants**
|Grants, Donations
_Total 2023_|**Grants to**
**Institutions**
**2024**
**£**
40,524
_45,000_|**Total**
**funds**
**2024**
**£**
**40,524**
_45,000_|_Total_
_funds_
_2023_
_£_
_45,000_|
|---|---|---|---|
|||||
The Charity has made the following material grants to institutions during the year:
|Southbank Sinfonia
Second Chance
The Pace Centre Ltd
WheelPower (Stoke Mandeville)
Woodrow High House
National Theatre Educatiom
Dog A.I.D
RAW Workshop
Princes Risborough Centre
Lindengate
Chiltern Open Air Museum|**2024**
**£**
**10,000**
**10,000**
**-**
**-**
**-**
**-**
**-**
**8,524**
**2,000**
**5,000**
**5,000**
**40,524**|_2023_
_£_
_10,000_
_12,000_
_10,000_
_2,000_
_5,000_
_5,000_
_1,000_
_-_
_-_
_-_
_-_|
|---|---|---|
||||
|||_45,000_|
Page 9
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **6. Analysis of expenditure by activities**
|Donations
_Total 2023_|**Grant**
**funding of**
**activities**
**2024**
**£**
40,524
_45,000_|**Support**
**costs**
**2024**
**£**
4,263
_4,054_|**Total**
**funds**
**2024**
**£**
**44,787**
_49,054_|_Total_
_funds_
_2023_
_£_
_49,054_|
|---|---|---|---|---|
||||||
## **Analysis of support costs**
|Accountancy Fees
Bank charges
_Total 2023_|**Unrestricted**
**funds**
**2024**
**£**
4,170
93
4,263
_4,054_|**Total**
**funds**
**2024**
**£**
**4,170**
**93**
**4,263**
_4,054_|_Total_
_funds_
_2023_
_£_
_3,954_
_100_|
|---|---|---|---|
||||_4,054_|
|||||
## **7. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £1,513 ( _2023_ - _£1,375_ ).
Page 10
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **8. Fixed asset investments**
|**Cost or valuation**
At 1 April 2023
Movements
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_
**Material Investments**
Listed Investments
Cash and cash equivalents
**9.**
**Creditors: Amounts falling due within one year**
Other creditors|**2024**
**£**
**131,694**
**100,614**
**232,308**
**2024**
**£**
**6,462**|**Listed**
**investments**
**£**
**220,659**
**13,936**|
|---|---|---|
|||**234,595**|
|||**234,595**|
|||_220,659_|
|||_2023_
_£_
_123,068_
_97,591_|
|||_220,659_
_2023_
_£_
_6,132_|
Page 11
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **10. Statement of funds**
**Statement of funds - current year**
|**Unrestricted funds**
General Funds - all funds
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds|**Balance at 1**
**April 2023**
**£**
**241,961**
_Balance at_
_1 April 2022_
_£_
_263,942_|**Income**
**£**
**104,438**
_Income_
_£_
_42,352_|**Expenditure**
**£**
**(47,831)**
_Expenditure_
_£_
_(50,922)_|**Gains/**
**(Losses)**
**£**
**12,542**
_Gains/_
_(Losses)_
_£_
_(13,411)_|**Balance at 31**
**March 2024**
**£**
**311,110**|
|---|---|---|---|---|---|
||||||_Balance at_
_31 March_
_2023_
_£_
_241,961_|
Page 12
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
## EYRE FAMILY FOUNDATION
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
## **11. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|Fixed asset investments
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2024**
**£**
234,595
82,977
(6,462)
311,110|**Total**
**funds**
**2024**
**£**
**234,595**
**82,977**
**(6,462)**|
|---|---|---|
|||**311,110**|
## **Analysis of net assets between funds - prior period**
|Fixed asset investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2023_
_£_
_220,659_
_27,434_
_(6,132)_
_241,961_|_Total_
_funds_
_2023_
_£_
_220,659_
_27,434_
_(6,132)_|
|---|---|---|
|||_241,961_|
## **12. Related party transactions**
During the year, no Trustees received any remuneration (2023 - £NIL). During the year, no Trustees received any benefits in kind (2023 - £NIL). During the year, no Trustees received any reimbursement of expenses (2023 - £NIL).
Page 13
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
_Menzies LLP Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP_
Dear Sirs,
This representation letter is provided in connection with your independent examination of Eyre Family Foundation for the year ending 31 March 2024 in accordance with the relevant financial reporting framework, FRS 102 and the Charities SORP.
During the course of the independent examination of our financial statements for the year ending 31 March 2024 the following representations were made to you by management and trustees.
## _Financial statements_
- 1 We have fulfilled our responsibilities as trustees under the Charities Act 2011 / Companies Act 2006 for preparing financial statements, in accordance with FRS 102 and the Charities SORP, that give a true and fair view and for making accurate representations to you as independent examiner.
- 2 The methods, data and significant assumptions used by us in making accounting estimates and their related disclosures are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.
- 3 We confirm that all events subsequent to the date of the financial statements and for which FRS 102 and the Charities SORP require adjustment or disclosure have been adjusted or disclosed.
- 4 We confirm that all related party relationships and transactions have been accounted for and disclosed in accordance with FRS 102 and the Charities SORP.
- 5 We confirm that the charity has had, at no time during the year, any arrangement, transaction or agreement to provide credit facilities (including advances and credits granted by the charity) for trustees, nor to provide guarantees of any kind on behalf of the trustees, except as disclosed in the financial statements.
- 6 There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the financial statements.
- 7 We confirm that the charity has not contracted for any capital expenditure other than as disclosed in the financial statements.
- 8 We believe that the charity’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity’s needs. We also confirm our plans for futures action(s) required to enable the charity to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity’s ability to continue as a going concern need to be made in the financial statements.
## _Information provided_
- 9 We confirm we have provided you with:
- Access to all information of which we are aware that is relevant to the preparation of the financial statements such as records, documentation and other matters;
- Additional information that you have requested from us for the purpose of the independent examination; and
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
- Unrestricted access to persons within the entity from whom you determined it necessary to obtain independent examination evidence.
- 10 All transactions have been recorded in the accounting records and are reflected in the financial statements.
- 11 We confirm that all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements have been disclosed to the independent examiner and accounted for and disclosed in accordance with the applicable financial reporting framework, FRS 102 and the Charities SORP.
- 12 We confirm that the related party relationships and transactions set out below are a complete list of such relationships and transactions and that we are not aware of any further related parties or transactions.
|_Party_|_Relationship_|_Nature of transaction_|
|---|---|---|
|K Eyre|Chair|No transactions have taken place
other than donations.|
|J Eyre|Trustee|No transactions have taken place
other than donations.|
- 13 We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its business and which are central to the charity's ability to conduct its business, except as explained to you and as disclosed in the financial statements.
- 14 We acknowledge our responsibility for the design and implementation of controls to prevent and detect fraud. We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud.
- 15 We have disclosed to you all information in relation to fraud or suspected fraud that we are aware of and that affects the entity and involves:
- Management;
- Employees who have significant roles in internal control; or
- Others where the fraud could have a material effect on the financial statements.
- 16 We have disclosed to you all information in relation to allegations of fraud, or suspected fraud, affecting the entity’s financial statements communicated by employees, former employees, analysts, regulators or others.
- 17 We confirm that the charity is eligible for an independent examination of its financial statements, and that there are no circumstances which we should draw to your attention which would invalidate this eligibility.
- 18 We confirm that the charity has had no non-routine communication with the Charity Commission or made Serious Incident Reports during or since the period except as disclosed to you.
- 19 We confirm that the charity has adequate procedures in place to identify intangible income and all intangible income has been appropriately valued and included in the financial statements.
- 20 We have reviewed the affairs of the charity and confirm that in our opinion no income is subject to income or capital gains tax. We have also reviewed the VAT treatment in relation to contractual
Docusign Envelope ID: D093E25E-0681-4DAD-AD6C-52952A5A84E1
services provided by the charity and confirm that VAT has been correctly accounted for as appropriate.
Yours faithfully,
Signed on behalf of the board of trustees of Eyre Family Foundation by:
Trustee ...............................................................
25-Jan-2025 Date .....................................................................