Company registration number= 8825712
Charity registration number: l 158970
Columbia Threadneedle Foundation
(A charitable company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 December 2024

Columbia Threadneedle Foundation
Contents
Legal and Administrative Details
Trustees, Report
Independent Auditor5, Report
12to 15
Statement of Financial Activities
16to 17
Balance Sheet
Statement of Cash Flows
19
Notes to the Financial Statements
20to28
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Columbia Threadneedle Foundation
Legal and AdmiDlStrative Details
Trustees
M Beard
L Cook (Chairperson)
S Fiori
A Georgescu
S Hassabu
H Hebblethwaiie (resigned 7 July 2025)
J Pe￿in
S Schofield
T Tang (resigned 12 September 2024)
Registered Office
Cannon Place
78 Cannon Street
London
United Kingdom
EC4N 6AG
Company Registration Number
8825712
Charity Registration Number
158970
Bankers
LIos"ds Bank PIC
25 Gresham Street
London
United Kingdom
EC2V 7HN
Independeni Auditors
Pricewaterhousecoopers LLP
Chartered Accounlants and Statutory Auditors
7 More London Riverside
London
United Kingdom
SEI 2RT
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Columbia Threadneedle Foundation
Trustees, Report
The Trustees, who are Directors for the purposes of company law, present the annual report together with the
audited financial statements of the charitable company for the year ended 31 December 2024.
Columbia Threadneedle Foundation ("the Foundation") is a Company Llmited by Guarantee and a registered charity
governed by its Articles of Associaiion.
The Foundation is a subsidiary of TAM UK Internalional Holdings Limiied, a company reglstered in England and
Wales and owned by Ameriprise Financial. Inc. ("Ameriprise'), the ultimate parent company. TAM UK
International Holdings Limited and all its subsidiaries are referred to herein as '"Ihe Group",
The Trustees have adopted the provisions of the Accounting and Reporting by Charities= Statement of
Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") (effective l January 2019)
("Charities SORP (FRS 102)"): the Companies Act 2006 and Charities Act 2011 in preparing the report and
rinancial statements of the Foundation. The legal and administration information on page 2 fonns part of this report.
Truslees
M Beard
L Cook (Chairperson)
S Fiori
A Georgescu
S Hassabu
H Hebblethwaite (resigned 7 July 2025)
J Perrln
S Schofield
T Tang (resigned 12 September 2024)
Objectives, strategies and activities
Objectives and aims
The principal activity of the Foundation 15 to act as a corporate charity.
The Foundation's objective is to further such purposes that a￿ exclusively charitable under the laws of England and
Wales, as the Trnstees may deiemline from time to time.
The Foundation's strategic atm is to invest in the Community by building partnerships with charities across a range
of sectors, with a focus on charilies ihat use education: training, art and sport to improve iTJdividual lives while also
engendering lasting social change.
The Foundation supports charities that are driving social change through their work with disadvantaged or
marginalised people. Common threads (he Foundation looks for An lis programmes and charlty partners include the
ability to build skills and confidence, challenge perspectives and broaden horizons.
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Columbia Threadneedle Foundation
Trustees, Report
Objectives and aims (continued)
The Trustees believe this approach not only delivers improvement to individual lives but brings long-tenn benefit by
helping address critical social issues and drive fundamental social improvement.
Education and training
recognisin
the need to improve acce55 to education and training tnore broadl),, the
Foundation support5 educational progratnmes including skill-building for those seeking to get back into the
workplace.
Arts - a vibrant arts sector brings a wide rantse of social. cultural and economic benefits. and the Foundation
supports charities that span visual and perforn)ing arts, art as iherapy and art-based education programmes for
schools.
Sport - sport has a unique po￿.er to enoage and motivate. build teamwo￿ skills and improve emotional and
physical wellbeing, particularly among young people, and the Foundation supports sports-based charities that deliver
these benefits.
Above all, the Foundation selects charity partners that share its values of responsibility, integrity and excellence.
The Foundation applies a responsible and rigorous process to its choice of charity partners and recipients to ensure
funding achieves direct, measurable outcomes and long-iemi sustainable partnerships are created.
The Trustees were pleased that the Foundation's support of AT The Bus was awarded Best Partnership with a
Children's Charity at the Bet(er Society Awards 2024, recognising the Foundation's approach to achieving long
tem) social outcomes through successful charity partnerships.
The Trustees undertake careful due dillgence on individual and regular byants, to help ensure we moximise the
public benefit impact of our donations against our stated themes. This due diligence is undertaken before any grants
are confirnied by Trustees and is regularly reviewed during any partnership.
Our due diligence process includes a review of past financial reports held by the Charity Commission, meetings with
key charity staff and ongoing grant monitoring and impact evaluation - both through a six-monthly MTitten report
and through regular meetings as required. We are supported in this process by an external consultancy that works
alongside the Trustees and helps provide additional expertise, challenge and perspective.
In addition to financial support, the Foundation provides volunteering opportunitie5 for employees of the Group to
encourage meaningful engagement with our charity partners and other charities in our communitie5.
In shaping the objectives for the Foundation for the year and planning our activities. the Trustees have considered
the Charity Commission's guidance on public benefit.
Aehievements and performanee
Throughout 2024, the Foundation continued to develop a number of successful relaiionships Th'ith our long-sLinding
charity partners and also provided individual grants to charities in the local cornrnunities of the Group's offjces in the
UK and Europe. During the year, the Foundation also continued with its programme of grant-making based on
contributions from the CT UK Social Bond Fund. which contribute5 a share of its annual management fee to the
Foundation.
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Columbia Threadneedle Foundation
Trustees, Report
Charitable activites during 2024
Driving social change through art
AT The Bus
AT The Bus provides school-based programmes of art as therapy to help improve the mental wellbeing of children
and young people aged 5 - 18 in Oxfordshire and London.
With the mental health crisis impacting children and young people coupled with the economic challenges facing
people in the UK, schools are strnggling to provide sufficient support.
During the year, the charity was able to strengthen its governance: administration and fundraising capabilities due to
the Foundation s funding.. laying the groundwork for long-tenn suslainable gromth.
In addition, A T The Bus piloted workshops in schools in London and Oxford for young people and their families.
New practical sessions were also developed to support students needing alkrnative provision and those at risk of
exclusion.
AT The Bus published their Beattie Method Tnanual. a creative therdpeutic intervention that supports mental
wellbeing, alleviates anxiety and helps young people build their self-confidence. The charity developed an
additional learning programme to increase the number of Beattie Method trainees to meet the rising demand for
facilitator5 in the Beattie Methodology.
AT The Bus has been a charity partner of the Foundation since 2019 and has grow) to support approximately 780
children and young people each year, working w.ith I I schools, including three new schools in 2024.
The National Gallery- Take One Picture
The Foundation has partnered with the National Gallery in London Since 2018 to support the Gallery's 'Take One
Picture, leaming programme and exhibition. Take One Picture is the National Gallery's countryTrvide scheme for
primary schools which uses one painting from the Gallery'5 collection to inspire cr05s-curricular work in primary
classrooms. The programme aims to put art at the centre of children 5 learnin
inspirinu a lifelong connection with
art15ts, museums and gallerie5.
Each year the Gallery chooses one painting from the collection to inspire primary classrooms countrywide. The
challenge is for school children io use the image imatsinaiively. both as a stimulus for artwork, and bringing in the
wider curriculum. A display of work pr(Klu¢ed by schoolchildren based on the painting is then displayed at the
National Gallery in a dedicated exhibition. In consultation with Children. Ihe selected work for the 2024 exhibition
was Surprisedl (1891) by Henri Rousseau. one of ihe Gallery, s top 20 mosi popular and visited paintings, as the
source of inspiration. For the first time. the exhibiiion was displayed outside the walls of the Gallery on Trafalgar
Square.
The 2024 programme has continued to grow, with 690 teachers from 380 sCh￿IS attending CPD training sessions,
this is an increase of 500/0 and 27 % on the previous year respectively.
The programme has been successful in broadening the leaming of schoolchildren by connecting art with other
subjects across the cutTiculum, such as history and geography, making art more accessible to children and young
people who have never visited an art gallery before.
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Columbia Threadneedle Foundation
Trustees, Report
Sivindon Music Trust (SMT)
Sw'indon Music Trust received a grant to provide music therapy to help children overcome trauma, assist children
with special educational needs, support children from low-income families or where children are in care.
Reach Inclusive Arts
Reach Inclusive Arts is one of the few charities dedicated to providing creative outlets for adults and young people
aged 11-18 in Special Educational Needs (SEN) sch(M)Is An Wiltshire: with learning and physical dlsabillties, mental
health issues, sensory impainnenls. and social anxiety. The chariry has been instrumental in transfomling lives
through the power of the arts and provides a safe space to take pan in perforniance and visual arts including actiiig,
drama, painting, and drawing. During 2024 the Foundation provided a byant to Reach Inclusive Arts to help fund its
work.
Facilitating the inclusive power of sport for lasting social ehange
Access Sport
Access Sport aims to pui inclusion at the heart of communlry sport across the UK, so that everyone: regardless of
ability or background can take par( in spon and physical actlvilv. This is execuied through their own programmes as
well as through working in cross-sector partnership with others at local, regional and national level. Access Sport is
the Foundation's longest charity parlnership, beginning in 201 J.
The benefits that Access Sport focuses on are physical and mental health and well-being- personal development
including life skills and prospects; sense of belonging and community, engagement. Over the years, their work with
community sports clubs and sports organisations has consistently delivered these benefits to participants, volunteers
as well as wider communities.
In 2024, the Foundation continued its support of Access Sport's Growth Strategy, enabling the charity to reach even
more disabled and disadvantaged children and young people. The Foundation's funding 5UPPOrted the expansion of
Access Sport's Changing Places (multi-sport) and Changing Sports (basketball) programme5 in London. A notable
achievement was the completion of a new. basketball court in Burgess Park. London.
Through the Foundation's funding nearly 850 people benefitted from their basketball or multj-SPOrt programme5,
including nine community clubs. 118 coaches were upskilled and a further 18 engaged in community activity.
ALAPAR
A LA PAR, a local charity in Madrid that helps people with learning disabilities, was provided an annual grant for
its inclusive sports club, where the Foundation's funding supported activities at the charity's Mountain Bike school.
Youth Adventure Trusl
Youth Adventure Trust in Swindon received a grdnt to support its work using outdoor adventure activities to help
young people, aged 11-16 to fulfil their potential, build resilience and lead posiiive lives in the future.
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Columbia Threadneedle Foundation
Trustees, Report
Ravelrig Riding for the Disabled (Ravelrig RDA)
The Foundation provided a grant to Ravelrig RDA as a local charity to the Group's Edinburgh office.
Ravelrig RDA has provided equine experiences for people with phvsical, learning and sensory disabilities, as well as
autism and multi-disabilities for more than 37 years. The physical Iherdpy delivered by Ravelrig RDA'S activities
help improve fitness, muscle strength, balance and coordinaiion, benefiting core strength and mobility.
Ravelrig has 12 qualified volunteer RDA coaches, who alongside a team of 120 volunteers deliver fun, progressive
sessions in riding challenging the 72 rider panicipants within Ihe limits of their capabilities in a welcoming manner.
Building skills and providing training to change lives
Bounce Back
Bounce Back drives social mobility with the firni belief ihat turning around lives and reducing re-offending can be
accomplished by equipping individuals who are in prison. leaving prison or at risk of reoffending wlth the skills and
assurance to be 'work-ready'.in order to re-engage with their communities and gain employment.
Funding from the Foundation supported a Community Trainer at their hub in Kennington, London: providing
participants from disadvantaged backgrounds with a safe, welcoming space to learn and grow. The hub offers a
range of courses, including essential soft skills. such as employability, financial security and mental health and
wellbeing alongside practical training in a built environment.
Given the Foundation's focus on smaller charities. and in response to organisational changes at Bounce Back, the
partnership was not renewed beyond 2024.
Clean Break
Women's offending is frequently underpinned by a range of complex and gendeT-5pecific need5. Clean Break
delivers hi￿ quality theatre programmes in prisons and communities across the UK and has an excellent track
record of working with women to address the long-term issue5 affecting those with lived experience of the criminal
.h theatre-based activities and holistic support.
justice system throuu
The Foundation has supported Clean Break since 2018 and the 2024 grant continued to support Clean Break's
Members Programme. Based in their trauma-informed. women-only Siudios in Kentish Tow) in London, the
Members Programme creates a space for ￿'Ornen io enhance their wellbeing, develop new skills and find their
voices, helping them play a more iniegrated role in socieiy.
In 2024, alongside the Members Programme, Clean Break successfully delivered the folloiving activities:
The Trials and Passions of Unfamous Women. a new production opened at Brixton House in London, providing an
opportunity for six Member Artists (o participate in a professional and Anternaiional production.
The biennial three-day Members Festival: Beyond, enabled Members to gain fwst-hand experience producing a
community arts festival.
Nine Member Artists completed their Member Facilitaior Training, equipping them with skills to cany out arts
training.
The inaugural Big Night Out, variety show and charity fundraiser.
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Columbia Threadneedle Foundation
Trustees, Report
Working Chance
Working Chance is the UK'S only employnent charity for women with convictions. An additional grant was
provided in 2024 to extend a 2023 grant io fund a piloi projeci supporting around 40 women with personalised,
in-depth advice and guidance to help increase ihe opportunities available to H".omen wiih convictions. This supports
them to undertake further or higher educaiion. vocational trnining. functional skills or other accredited
qualificationsltraining. This new type of supwrt enables clients to bridge gaps between where they currently are and
where they need to be to gain employment and build a life where they can thrive.
The Foundation's funding has helped Working Chance raise further income to support for this programme over a
multi-year time period.
Other grants
During 2024, the Foundation provided a grant to Swiss charity. Pro Juventute. The charity is dedicated to supporting
the rights and needs of Swiss children and youth from disadvantaged backgrounds. They provide mental health
support to young people includin& advice about how to manage the challenges of the media and digital world.
The Foundation also provided a grant to the Swindon Scrap5tore which provide5 new and used item5, such a5 art5
and crafts tnaterials: at affordable prices, benefittiTJg over 50,000 people in S￿,1ndon. The 2024 grant provided
Christmas presents for children from low-income local familie5 who would have otherwise gone without presents.
Volunteering
During 2024 more than 200 emplo)'ees volunteered with chariiies throuoh both in-person and virtual opportunities
including job coaching (Business in the Community), reading in schools (Chapier One), food redistribution and
reducing environmental impact.
Financial review
The statement of financial activities for the year is Set out on pages 16 and 17. The net movement in funds for the
year was income of £80,626 (2023.. expendilure of £24,626). As at ihe balance sheei dale (page 18) the value of the
total charity funds including the unrestricted income funds of the Foundaiion was £86,511 (2023: £5,885).
Reserves policy
The Foundation is not required to maintain any level of reserves. The Trustees aim to maintain a minimum level of
unrestricted reserve5 a5 the Foundation's focus 15 to distribute the majority of donation5 received within the same
financial year: provided Threadneedle Asset Management Holdin(vs Limited (the "Member"} continue5 to meet the
other costs.
Going eoncern
All other costs of the Foundation are met by the Member.
The Foundation is dependent upon donations in order to have sulficient funds to meet its charitable objectives.
Without these donations the Foundation will continue as a going concern provided the Member continues to meet its
other costs. There are no fixed costs and grants are agreed at the full discretion of the Trustees.
The Trustees have a reasonable expectation that these aTrangements will continue for the foreseeable fU￿re, thus
they adopt the going concern basis of accounting in preparing the annual financial statement5.
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Columbia Threadneedle Foundation
Trustees, Report
Plans for future years
The Foundation plans to continue its curreni siraiegy of investing in the communiti, throu(Jh long-tern) partnerships
with selected UK chariiies, and a limiied number of grants provided io charities local to the Group's offices in the
UK and Europe.
The Foundation will coniinue to focus on increasing ihe number of emplo>'ees of the Group participating in
volunteering activities, by growing the variety of volunteering probyammes on offer.
Strategic report
The Foundation has taken advanthge of the exemption available to companies that would otherwise be subject to the
small companies regime bui for being in an ineligible group detailed in section 414B of Part 15 of the Companies
Act 2006. Therefore, no Strategic Report has been prepared.
Structurey governanee and management
The Foundation is a charitable company limited by guarantee that was incorporated on 24 December 2013 and was
registered as a charity on 24 October 2014 with the Charity Commission, the independent regulator of charities in
England and Wales.
The Foundation was established under a Memorandum of Association which estsblished the objectives and powers
of the charitable company and is governed under its Articles of Association. In the event of the Foundation being
wound up the Member is required to contribute an amount not exceeding £1.
Truslees
The names of the Trustees of the Foundation are lisied on page 2. The Trustees all held office throughout the year
unless otherwise shown. They are appoinled for a tenn of three years, which is renewable.
Induction ap7d training of Truslees
The Trustees have a wide range of skills and experience. The Trustees receive training on appointment to their
position and receive periodic updaies and guidance on their role as Trustees in an ongoing manner.
Organisational struclure
Subject to the Articles. the Trustees are responsible for the management of the Foundation's business, for which
purpose they may exercise all the pO￿.erS of the Foundation.
At the quarterly Trustees, meetings, the Trustees agree the straiegy and areas of activity for the Foundation,
including conslderation of grant making, investment, reserves and risk management policies and perforn)ance.
The Trustees have been supported on these issues by drawing on the skills and expertise of specialist consultants,
The Giving Department. In 2024: the day-tfrday administration of the Foundation's affairs was delegated to one of
the Trustees, Laura Cook, with support from the Columbia Threadneedle Corporate Communications team.
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Columbia Threadneedle Foundation
Trustees, Report
Risk map7agemep71
The Trustees have reviewed the major risks to which the Foundation is exposed. Where appropriate systems or
procedures have been established lo mitigate the risks the Foundation faces. These risks include financial loss, delay
or non-delivery of Foundation objec(ives and repulalional risk. Reputational risk is considered to be the most
significant and has been mitigated via the due diligence undertak'en prior 10 establishing relationships and at regular
points. at least every six months, within the context of the long-ienn relaiionships. Operational risks are minimised
by the implementation of procedures for authorisation of all transactions and projects. These procedures are
periodically reviewed to ensure that they continue to meet the needs of the Foundation.
Statement of Trustees, responsibilities
The Trustees (who are also Directors of Columbia Threadneedle Foundation for the purposes of company law) are
responsible for preparing the Trustees, Report and the financial statements in accordance Th'ith applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial sthtements for each financial year. Under that law the
Trustees have prepared the financial staiements in accordance with United Kingdom Accounting Standards,
comprising FRS 102 "The Financial Reporting SL￿dard applicable in the UK and Republic of Ireland"
and
applicable law {United Kingdom Generally Accepted Accounting Practice). Under company law the Trustees must
not approve the financial statements unless they are saiisfied that they give a true and fair view of the state of the
affalrs of the charitable company and the group and of the incoming resources and application of resources,
including the income and expendi(ure, of the charitable group for that period. In preparing these financial
statements, the Trustees are required (o:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Statement of Recommended Practice= Accounting and Reporting by
Charities (2019).
make judgements and estimates that are reasonable and prudent;
state ￿'hether applicable UK Accounting Standards. comprising FRS 102, have been followed, subject to any
material departures disclosed and explained in the financial statements: and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in busine55.
The Trustees are responsible for keeplng adequate accounting records that are sufficient to show and explain the
charitable company's transactions and dlsclose with reasonable accuracy at any time the financial position of the
charitable company and the group and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity, of the corporate and financial inforniation included
on the charitable companv's website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
The Trustees confinn that they have complied with their duty under the Charities Act 201 I to have due regard to the
public benefit guidance published by the Charity Commission in deterniining the activities undertaken by the
Charity.
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Columbia Threadneedle Foundation
Trustees, Report
Disclosure of information to independent auditors
In accordance with Section 418 of the Companies Act ?006. the Trustees reports shall include a statement, in the
case of each Trustee in office at the date the Trus*es report is approved, that:
as far as each of them is aware. there is no infonnation relevant to the audit of the Foundation's financial
statements for the year ended 31 December 2024 of M'hich the audiiors are unaware; and
the trustee ha5 taken all steps that heishe ought to have tak-en in his:'her duty as a trustee in order to make
him/herself aware of any relevant audit inforniation and to establish that the Foundation 5 auditors are aware of that
inforniation.
Trustees, qualifying third party indemnity provisions
As pennitted by the Articles of Association: the Trustees have the benefit of an indemnity which is a qualifying
third-party indemnity provision in favour of one or more of its Trustees or any other officer of the Foundation in
accordance with, and subject to the conditions in: Section 189 of the Charities Act 2011. The indemnity was in force
throughout the year and is currently in force.
Reappointmet of independenl audilors
In accordance with Section 485 olthe Companies Act 2006, it is proposed that Pricewaterhousecoopers LLP will be
reappointed a5 independent auditors olthe Company.
The annual report was approved by the Board of Trustees on 9 September 2025 and signed on its behalf by..
L Cook
Chairperson
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Columbia Threadneedle Foundation
Independent auditors, Report to the members of Columbia Tbreadneedle Foundation
Report on the audit of the financial statements
Opinion
In our opinion, Columbia Threadneedle Foundation's financial statements (the'fjnancial statements",)..
give a true and fair view ol the state of the charttable compan!"5 affairs a5 at 31 DeceTnber 2024 and of its
incoming resources and application of resources, includinu its incorne and expenditure, and cash floM-.s, for the year
then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Standards, including FRS 102 "'The Financial Reporting Standard applicable in the UK and
Republic of Ireland:, and applicable la￿.); and
have been prepared in accordance with the requirements of the Companies Act 2006.
We have audited the financial statements, included within the Annual Report and Financial Statements (the "Annual
Report"), which comprise: the balance sheet as at 31 December 2024: Ihe staiement of financial activities
(incorporating an income and expenditure account)- the cash flow staiement for the year then ended. and the notes to
the financial statements, which include a description of the significant accounting policies.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK} ("ISAs (UK)") and applicable
law. Our responsibililies under ISAS (UK) are further described in ihe Audiiors, responsibilities for the audit of the
financial statements section of our report. We believe ihat the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Independence
We remained independent of the charitable company in accordance with the ethical requirements that are relevant to
our audit of the financial statements in the UK, which includes the FRC"s Ethical Standard and we have fulfilled our
other ethical responsibilities in accordance ￿'1th these requirements.
Conclusions relating to going concern
Based on the work we have perfomed. we have not identified any material uncertainties relating to events or
conditions that, individuall), or collectivelv, may cast significani doubt on the charitable company's ability to
continue as a going concern for a period of ai least Im'elve months from the dale on ￿..hiCh the financial statements
are authorised for issue.
In auditing the financial statements, we have concluded thal the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
However. because not all future events or condiiions can be predicted, this conclusion is not a guarantee as to the
charitable company's ability to continue as a going concern.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant
sections of this report.
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Columbia Threadneedle Foundation
Independent auditors, Report to the members of Columbia Tbreadneedle Foundation
Reporting on other information
The other inforn]ation comprises all of the information in the Annual Report other than the financial statements and
our auditors, report thereon. The trustees are responsible for the other information. Our opinion on the financial
statements does not cover the other inforniation and. accordinglv. we do not express an audit opinion or, except to
the extent othenvise explicitly stated in this report. any fonn of assurance thereon.
In connection with our audit of the financial statements. our responsibility is to read the other inforniation and, in
doing so, consider whether the other inforniation 15 materialls, inconsistent with the financial statements or our
knowledge obtained in the audiL or otherw'ise appears to be materially Tnisstated. If we identify an apparent material
inconsistency or material misstatement, we are required to perform procedure5 to conclude whether there 15 a
material misstatement of the financial statetnents or a material mi55tatement of the other inforniation. If, based on
the work we have performed, we conclude that there is a material misstatement of this other information, we are
required to report ihat fact. We have nothing to report based on ihese responsibilities.
With respect to the Trustees, Report, we also considered whether the disclosures required by the UK Companies Act
2006 and Charities Act 201 I have been included.
Based on our work undertaken in the course of the audit, the Companies Act 2006 requires us also to report certain
opinions and matters as described below.
Truslees, Report
In our opinion, based on the work undertak-en in the course of the audii the infonnation given in the Trustees, Report
for the period ended 31 December 2024 is consisteni with the fmancial statements and has been prepared in
accordance with applicable legal requirements.
In light of the knoM,ledge and understanding of the charitable company and its environment obtained in the course of
the audit, we did not identify any material misstatements in the Trustees, Report.
Responsibilities for the finaneial statements and the audit
Responsibililies ofthe Trustees.for ¢hefinancial slalemenls
As explained more fully in the Trustees, Responsibilities Statement, the trustees (who are a150 the directors of the
charitable company for the purpose5 olcompany lam.) are responsible lor the preparation of the financial 5tatement5
in accordance with the applicable framework and for beinu satisfied that they give a true and fair view. The trustees
are also responsible for such inlemal control as they deierniine is necessary io enable the preparation of financial
statements that are free from material missthtemeni. whether due to fraud or error.
In preparing the financial statements, the trusiees are responsible for assessing the charitable company's ability to
continue as a going concem, disclosing as applicable. matters related io going concern and using the going concern
basis of accounting unless the trusiees eiiher intend to liquidate the charl￿b]e company or to cease operations, or
have no realistic altemative but to do so.
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Columbia Threadneedle Foundation
Independent auditors, Report to the members of Columbia Tbreadneedle Foundation
Audilors, responsibili¢iesfor the audil ofihefinancial slalemenls
Our objectives are to obtain reasonable assurance about whether the financial statements as a Th'hole are free from
material Misstatement, w'hether due to fraud or error: and to issue an auditors report that includes our opinion.
Reasonable assurance 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 misstatement when it exists. Misslaternents can arise from fraud or error
and are considered material if: individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these fmancial statements.
Irregularities, including fraud, are instances ol non-compliance with lam'5 and regulations. We design procedures in
line with our responsibilities: outlined above, to detect material misstatements IT] respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting i￿egUlar1ties, including fraud, is detailed below.
Based on our understanding of the charitable company and its industry/environmenL we identified that the principal
risks of non-compliance with la￿.$ and ￿gUlationS related to the Companies Act 2006 and Charities Act 2011, and
we considered the extent to which non-compliance mighi have a material effeci on the financial statements. We also
considered those lam's and regulaiions that have a direct impaci on ihe financial statements such as Companies Act
2006 and Chariiies Act 201 l. We evaluated managemeni's inceniives and opportunities for fraudulent manipulation
of the financial statements (including the risk of override of controls) and detennined that the principal risks were
related to the posting of inappropriate journals. Audit procedures perfonned by the engagement team included:
Discussions with the Trustees and with managemenl (Finance, Internal AudiL Legal, Risk and Compliance),
including consideration of their process for identifying and responding to the risk of fraud, and any known or
suspected instances of fraud or non-compliance ￿'ith lam's and regulaiions.
Readlng key correspondence in relaiion to compliance with la￿'S and regulations.
Reviewing relevant meeting minutes including those of the Trustees.
Validating the appropriateness of journal entries identified based on our fraud risk criteria- and
Designing audit procedures to incorporate unpredictability around the nature. timing or extent of our testing.
There are inherent limitations in the audit procedures described above. We are less likely to become aware of
instances of non-compliance with laws and regulations that are not closely related to events and transactions
reflected in the financial statements. Also: the risk of not detecting a material mi5Statement due to fraud is higher
than the risk of not detecting one resulting frotn error. as fraud may involve deliberate concealment by, for example,
forgery or intentional misrepresentations. or throuu
.h collusion.
A further description of our responsibilitie5 for the audit of the financial 5tatement5 15 located on the FRC'S website
at.. w￿.W.[rC.Org.uk/audIt0rsreSpOnSlbI1it1e$. This description forn)s part of our auditors, report.
Use of this report
This repor¢ including the opinions, has been prepared for and only for the company's members as a body in
accordance with Chapter 3 of Part 16 of the Companies Act ?006 and for no other purpose. We do not, in giving
these opinion5, accept or assume responsibility for any other purpose or to any other person to whom thi5 report IS
shown or into whose hands it may come save where expressly agreed by our prior consent in MTiting.
Page 14

Columbia Threadneedle Foundation
Independent auditors, Report to the members of Columbia Tbreadneedle Foundation
Other required reporting
Companies Act 2006 exception reporting
Under the Companies Act 2006 we are required to report to you if, in our opinion:
we have not obtained all the inforn]ation and explanation5 we require for our audit- or
adequate accounting record5 have not been kept or returns adequate for OUT audit have not been received from
branches not visited by us; or
certain disclosures of trnstees, remuneration specified by law are not made; or
the financial statements are not in agreement with the accounting records and returns.
We have no exceptions to report arising from this responsibility.
Entitlement to exemptions
Under the Companies Act 2006 we are required to report to you if, in our opinion, the trustees were not entitled to..
take advantage of the small companies exemption from preparing a Strdtegic Report. We have no exceptioiis to
report arising from this responsibility.
James Mee (Senior Statutory Auditor)
for and on behalf of Pricewaterhousecoopers LLP
Chartered Accountants and Statutory Auditors
London
9 September 2025
Page 15

Columbia Threadneedle Foundation
Statement of Financial Activities for the Year Ended 31 December 2024
Unrestrieted
funds
2024
Restrieted
funds
2024
Unrestrieted Restricted
funds
funds
2023
2023
Total
2024
Total
2023
Note
Income and Endowments from:
Donalioi)s and legacies
348,484
348,484
454,805
454,805
Total income
348,484
348,484
454,805
454,805
Expenditure on:
Charitable activities
(256,613)
(256,013) (458.650)
(458.650)
Governance costs
(10,808)
(10,808)
(20,400)
(20,400)
Other expenditure
(437
437
(381)
381)
Total expenditure
267,8$8
267,8$8
(479,431)
479,431)
Net incomel(expenditure)
80,626
80,626
24,626)
24,626)
Net moveinent in funds for the year
Reconciliation of funds
80,020
80,020
(24,626)
(24,626)
Total funds brought forward
5,885
5,885
30,511
30,511
Total fund5 carried forward
5,885
5,885
The notes on pagJes 20 to 28 form an integJral part of these financial statements.
PagJe 16

Columbia Threadneedle Foundation
Statement of Financial Activities for the Year Ended 31 December 2024
There are no material differences between the net movement in tund5 for the financial year stated above and their
historical cost equivalents.
The movements in reserves are set out in note 9. All results are derived from continuing operations.
The Foundation has no recognised gains or losses in the year other than the net movement in funds.
The notes on page5 20 to 28 form an integral part of these financial statements.
Page 17

Columbia Threadneedle Foundation
Balance Sheet as at 31 December 2024
2024
2023
Note
Currenl ass¢ls
Cash at bank and in hand
86,511
5,885
Funds of the eharity:
Unrestricted funds
Unrestricted funds
86,511
5,885
Total charity funds
5,885
The financial statements on pages 16 to 28 were approved by the Board of Trustees on 9 September 2025 and signed
on its behalf by=
L Cook
Chairperson
The notes on page5 20 to 28 form an integral part of these financial statements.
Page 18

Columbia Threadneedle Foundation
Statement of Cash Flows for the Year Ended 31 December 2024
2024
2023
Cash flows from operating activities
Net cash incomel(expenditure)
80,626
(24,626)
Net cash generated from/{u5ed in) operating activities
80,626
(24,626)
Net increase/(decrease) in cash and cash equivalents
80,626
(24,626)
Cash and cash equivalents at l January
5,885
30,511
Cash and cash equivalents at 31 December
86,511
5,885
The notes on page5 20 to 28 form an integral part of these financial statements.
Page 19

Columbia Threadneedle Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024
l Accounting policies
The principal accounting policies, which have been applied con515tently throughout the year are set out below.
Basis of preparation
The financial statements have been prepared on a going concern basis, under the historical cost convention, and in
accordance with Accounting and Reporting by Charitie5- Statement of Recotnvnended Practice applicable to
charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102) (effective l January 2019) ("Charities SORP (FRS 102)"), the Financial
Reporting Standard applicable in the UK and Republic ol Ireland {"FRS 10?") and the Companies Act 2006. The
Foundation 15 a public benefit entity.
Ineome
All income is included in the statement of financial activities when the charity has entitlement to the funds, any
performance conditions attached to the itetn(5) of income have been meL it is probable that the income will be
received and the amount can be measured reliably. Unrestricted funds are available to Spend on activitie5 that further
any of the purposes of the Foundation. Restricted funds are donation5 ￿..hICh the donor has specified are to be solely
used for particular areas of ihe Foundaiion's w'ork or for specific projects being undertaken by the Foundation. The
following policies are applied to particular categories of income:
Other income received by way of grant, donations and gifts is included in full in the statement of financial activities
when receivable.
Donated services
Donated services and facilities a￿ included at the value to the charity where this can be measured reliably. Donated
services that are consumed immediately musi be recognised as income. ￿'Ith an equivalent amount recognised as an
expense under the appropriaie heading in the statemeni of financial activities (SOFA). IT) accordance with the
Charities SORP (FRS 102) (he value of services provided by volunteers has not been recognlsed in these financial
statements.
Expenditure and irrecoverable VAT
Expenditure is recognised on an accrual basis when incurred. Expenditure includes any VAT which cannot be fully
recovered, and is reported as part of the expenditure lo which it relates.
Grants payable are payments made to third parties in the funherdnce of the charitable objectives of the Foundation.
Single or multi-year grants are accounted for ￿'hen the recipient has a reasonable expectaiion that they will receive a
grant and the Trustees have agreed lo pay the grant without condition, or the recipieni has a reasonable expectation
that they will receive a grant and any condition atlaching to the grant is outside the control of the Foundation.
Other costs include those costs associated with meeting the constitutional and statutory requirements of the charity
and include the audit fees and costs linked to strategic management of the charity.
Page 20

Columbia Threadneedle Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024
l Accounting policies {continued)
Taxation
The charitable company is exempt for corporation tax on its charitable activities. The Foundation has no trading
activities which would be subjeci to corporation thx.
The Foundation is a regisiered charitv, and as such is entitled to certain tax exemptions on income and profits from
investments, and surpluses on any trading activities carried on in furtherdnce of the chariry's primary objectives, if
these profits and surpluses are applied solely for charitable purposes.
Financial inslruments
The Foundation only has financial assets of a kind thal qualify as basic financial instruments. Basic financial
instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Cash at bank and in hand
Cash amounts represent cash in hand and on-demand deposits. Cash equivalents are short-term highly liquid
investments with an original maturity of 90 days or less from the date of acquisition.
Cash at bank earns interest at floating rates based on daily bank deposit rates. The carrying amount of the cash and
cash equivalents approxitnates to their fair value. All cash is held with reputable institutions rated A or better
investment grade.
Creditors and provisions
Creditors and provision5 are recognised where the charity ha5 a present obligation Te5ulting from a past event that
will probably result in the transfer of funds to a third party and the amount due to settle the obljuation can be
measured or estimated reliabl).. Creditors and provisions are nornially recogni5ed at their settlement amount after
allowing for any irade discounts due.
Funds and reserves
General unrestricted funds of £86,511 (?0?3'. £5,885) in both years comprise accumulated surplus and deficits on
general funds. They are available for use at the discretion of the Trustees furtherance of the Foundation's general
charitable objective5.
The Foundation is not required to maintain any level of reserves. The Trustees aim to maintain a minimum level of
unrestricted reserves as the Foundation aims to distribule the majority of donations received within a 12 month
period, provided Threadneedle Asset Management Holdings Limited (the "Member") continues to meet the other
costs.
Page21

Columbia Threadneedle Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024
2 Donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Unrestrieted Restricted
funds
rund5
2023
2023
Total
2024
Total
2023
Donations-
Donations from
group undertakings
Bank interest
Donation of services
audit fee
335,434
2,242
335,434
2242
432.750
1,655
432,750
1,655
10,808
10,808
20,400
20,400
348,484
348,484
454,805
454,805
3 Emplo)'ees, Trustees and key managemenl personnel
Employees
The average monthly number of persons (including Truslees), considered to be directly employed by the Foundation
on a full-time basis during the year was nil (20?3= nil). The costs associated with the administration of the
Foundation that are perfonned by employees of fellow subsidiaries of the Group are not recharged to the
Foundation.
Trusle¢s' remuneration
Trustees were not paid or received any other benefits from employment w'ith the Foundation in the year (2023.. £iiil),
neither were they reimbursed expenses during the year (2023: £nil). No trustee received pa>'ment for professional or
other services supplied to the Foundation (2023: £nil}. No trustee received or paid any donations to the Foundation
(2023:£nil).
Key management personnel
There are no (2023.. no) key management as there are no (2023: no) staff.
4 Auditors, remuneration
The audit fee for the year under review was £10,808 (2023: £20.400). Fees payable to the auditors for non-audit
services during the year under review were £nil (2023: £nil).
Page 22

Columbia Threadneedle Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024
5 Charitable activities
Unrestricted Restricted
funds
funds
2024
2024
Unrestrieted Restricted
runds
runds
2023
2023
Total
2024
Total
2023
Education, Skills and
Training
Inclusion and
well-being
Mental health
CT UK Social Bond
Fund grants
Volunteering
Other donations
Employee matching
69,500
69,500
124,250
124,250
100,273
43,000
100,273
43,000
106,395
39,000
106,395
39,000
21,000
22,590
250
21,000
22,590
250
180,000
7,505
1,000
500
180.000
7,505
1,000
500
256,613
256,613
458.650
458,650
2024
2023
Education, Skills and Training
The National Gallery
Bounce Back
Youth Adventure Trust
The Centre for Financial Capability (formerly Kickstart Money)
Business in the Cotnmunity
SEO London
46,000
17,500
6,000
46,000
35,000
6,000
20,000
9,750
7,500
Total Education, Skills and Training
69,500
124.250
Page 23

Columbia Threadneedle Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024
5 Charitable activities {continued)
2024
2023
Inclusion and Well-being
Access Sport
Clean Break
Ravelrig Riding for the Disabled
ALaPar
Pro Juventute
Sw'indon Children's Scrapsiore
Oiher institutions
Fair By Design
Threshold Housing Link
42,000
35,000
10,000
7,324
4,446
I,￿)0
503
42,000
52,500
8,855
250
2,040
750
Total Inclusion and Well-being
100,273
106,J95
2024
2023
Mental Health
AT The Bus
Swindon Music Trust
Reach Inclusive Arts
35,000
4,000
4,000
26,000
9,000
4,000
Total Mental Health
43,000
39,000
2024
2023
CT UK Soeial Bond Fund grants
Working Chance
Action for Race Equality
Centre for Aging Better
21,000
60,000
60,000
60,000
Total Soeial Bond Fund
21,000
180,000
Page 24

Columbia Threadneedle Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024
5 Charitable activities {continued)
2024
2023
Volunteering
Business in the Community
Chapter One
Mudchute Fann
Spitalfields City Fam)
The Conservation Volunteers
Hackney City Fam)
Hands On London
Oiher institutions
10,200
6,650
2,800
1,500
1,440
750
5,500
825
430
Total Volunteering
7,505
2024
2023
Other donations
Young Minds
Brain Tumour Charity
250
1,000
Total other donations
250
1,000
2024
2023
Employee Matching
Other institutions
500
Total Employee Matching
500
Material grants given during the reporting period are broken down by recipient in the above table. All grants
described as "Other institutions" are individually immaterial.
No sUPPOrt costs were incurred throuJ making these grants.
Page 25

Columbia Threadneedle Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024
5 Charitable activities {continued)
Unrestricted Restrieted
funds
funds
2024
2024
Unrestricted Restricted
funds
funds
2023
2023
Total
2024
Total
2023
Long term partnerships
One-off project
Local area grants
Employee matching
196,500
22,840
37273
196,500
22,840
37,273
209.000
220.295
28,855
500
209,000
220,295
28,855
500
256,613
256,613
458.650
458,650
£256:613 {2023= £458,650) of the above expenditure was attributable to unrestricted funds and £nil (2023= £nil} to
restricted funds.
6 Governanee costs
Unreslricled
funds
2024
Unrestricted
funds
2023
Total
2024
Total
2023
Note
Audit fees
Audit of the financial
statements
10,808
10,808
20,400
20,400
10,808
10,808
20,400
20,400
The audit fee is paid by the Member {2023: paid by the Member) and therefore as a non-cash item excluded from the
statement of cash flows. Other costs are donated and paid from unrestricted funds for both the current and prior
years.
7 Other expenditure
Unrestricted
runds
2024
Unrestricted
funds
2023
Tot21
2024
Total
2023
Other expenditure
437
437
381
381
437
437
381
381
Other expenditure is paid from unrestricted funds for both the current and prior year5.
8 Limiled by guarantee
The Company is limited by guarantee and does not have any share capital. The liability for the Member in the event
of winding up 15 limited to an amount not exceeding £ l.
Page 26

Columbia Threadneedle Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024
9 Funds
Governanee
eosts and
other
expenditure
Balanee at
31
December
2024
Balanee al I
January
2024
Donations
and
legacies
Charitable
activities
Unrestricted funds
General
5,885
348,484
(256,613)
(11,245)
86,511
Donations and legacies in 2024 includes bank interest of £2,242.
GoN'¢rnance
costs and
other
expenditure
Balance at
31
Deeember
2023
Balance at I
January
2023
Donations
and
legacies
Charitable
activities
Unrestricted funds
General
30,511
454,805
(458,650)
(20,781)
5,885
Donations and legacies in 2023 includes bank interest of £1,655.
10 Ultimate parent Company
The Foundation's immediate parent is Threadneedle Asset Management Holding5 Limited (registration number-
3554212}.. incorporated in England and Wales. The Principal activity of Threadneedle Asset Management Holdings
Limited is that of a holding company for investments in subsidiary entities and other fixed asset investments.
The ultimate parent is Ameriprise Financial. In¢. (registration number: 2018118), incorporated in Delaware, United
States of America. The principal activity of Ameriprise Financial. Inc. is that of a holding company of companies
involved in financial services.
Threadneedle Asset Management Holdings Limiied and Ameriprise Financial, Inc. can exercise control over the
Foundation through the power (o appoint or remove ihe Trustees.
The most senior parent entity producing publicly available financial stalenients is Ameriprise Financial: Inc. These
financial statements are available upon request from Ihe Corporate Secretary, Ameriprise Financial, Inc., 1098
Ameriprise Financial Center, Minneapolis. Minnesota, USA. 55474 or by visiting the Ameriprise website at
NThTrv.ameriprise.com.
Page 27

Columbia Threadneedle Foundation
Notes to the Financial Statements for the Year Ended 31 December 2024
1 l Related party transactions
During the year under review the Foundation received donations from fellow subsidiaries of Ameriprise=
2024
2023
Threadneedle Asset Management Holdings Limited
Columbia Threadneedle (Services) Limited
278,105
68,137
453.150
346,242
453,150
The balance outstanding with related parties as at 31 December 2024 was £nil (2023: £nil).
Page 28