2025-03-31-accounts - British Council Benevolent Fund

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Trustees’ Annual Report for the period

From 01/04/2024 Period start date To 31/03/2025 Period end date

Charity name: British Council Benevolent Fund, known as “the Ben Fund” Charity registration number: 1161805

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17		The purpose of the Fund is the granting of relief or assistance to past and present staff of the British Council and their families or dependents who are in necessitous circumstances. Provided that ‘staff’ shall include those, who work as an employee or a contractor for: a) the British Council; b) any wholly or partly owned subsidiary of the British Council; c) a wholly or partly owned subsidiary of BC Trading Limited; or d) any organisation offering services to any of those listed in a) – c).
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19		The British Council Benevolent Fund’s charitable purpose is the alleviation of financial hardship for British Council employees, contractors and temporary staff, both past and present, and their families. It is open to all current and former payroll employees irrespective of where they are based globally. The overriding criterion for assistance being immediate need and financial difficulty; support is given for example when such difficulty arises as a result of illness, bereavement, natural disaster such as earthquakes/floods or in areas of conflict. Support takes the form of one-off grants or ‘End- of-year grants’ (formerly known as ‘Christmas grants’), which are explained below. The Ben Fund formerly provided quarterly grants, but these are no longer available and only a small number of existing quarterly grants remain in place. The committee of management also decided to withdraw the offer of interest-free loans, due to the additional administrative burden on the British Council’s payroll team. One-off grants

			These are grants usually to a maximum of £2,500, but occasionally up to £3,500 or more if it is deemed appropriate and agreed by a majority of the Trustees. All applications received must be confirmed as true and valid by the Country Director for overseas staff (current and retired); by Head of Department for UK staff and by HR / last line manager / BCA (British Council Association) for UK retired staff. Two Trustees must approve applications up to £2,500; applications up to £3,500 must be approved by at least three Trustees and five Trustees for anything over £3,500. Applications can be made at any time throughout the year to ensure the response can be timely and appropriate. The impact of the grant can be very real and positive, e.g. access to medical care for staff members, elderly parents, spouses or young children, the repair of a house due to natural disasters, support for bereavement costs otherwise unaffordable or support to help with initial rent deposit to provide secure housing are just some of the types of cases dealt with on an annual basis. 28 one-off grants were made in 2024/25, with a total value of £49,499. In this financial year, the trustees approved the extension of the initial budget to accommodate further grants to the amount of £9,498. End-of-year grants These are much smaller in value (ranging from £50 to £100 each) and follow a different process. During November, line managers are invited to nominate members of their teams who have had a challenging year due to personal circumstances by applying on their behalf. The committee of management reviews all applications and approves or declines requests during a minuted group discussion. Decisions are relayed to the line manager, who then confirms the decision to the individuals. It is made clear at the time of promotion that these grants must not be used by line managers as a reward for performance or substitution for compensation. 49 End of Year grants were awarded, with a total value of £3,675.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18		The support provided by the Ben Fund does not extend to members of the public and is only available to people connected by a common employer, the British Council. Therefore, as stated in Annex A of the Charity Commission’s guidance on the public benefit

requirement (PB1), the trustees are aware that the Ben Fund is a charity whose purpose is to prevent or relieve poverty and therefore the public benefit requirement can be met by satisfying only the ‘benefit’ aspect and there is no need to consider the ‘public’ aspect. That is to say, the trustees keep in mind when reviewing applications that support should only be given where it will either prevent or relieve the difficulties which arise out of financial hardship and poverty, and where applicants have insufficient means to resolve problems without additional help. In August 2020, the Secretary conducted a survey of trustees to inform a discussion and review of their understanding and application of the Charity Governance Code. This review led to an action plan focused on developing specific areas of governance within the organisation, and the trustees held an Away Day in September 2022 to review progress against this action plan. The governance action plan was reviewed and brought up to date in 2024, with actions reaching into 2025/26.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Policy on grant making Para 1.38 Policy on social investment Para 1.38 including program related investment Contribution made by Para 1.38 volunteers Other

Achievements and Performance

SORP reference

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Fundraising and Engagement The Trustees have identified that most of our Fundraising efforts and donations have been focused on the UK. To offset this and promote both awareness and fundraising opportunities, the Trustees have set up a Ben Fund Champions Network, initially calling for four volunteers to run events, presentations and promote the Charity in country. 2024 marked the 90thAnniversary of the British Council. The team planning the anniversary worked with the Ben Fund in a bid to benefit from the global events for Fundraising efforts, such as bake sales, dinners and a cookbook of recipes gathered from colleagues around the world which was on the British Council Intranet. Charity Governance All the Charity’s data was migrated to SharePoint with several controls over permissions and data integrity. This move now enables Trustees who do not reside in the UK to have access to crucial documents, and the Ben Fund now has a single central storing system. The Risk Register was reviewed and brought up to date with reviews scheduled in throughout the year as part of the ongoing governance programme. The charters of each committee have been reviewed and updated. Trustee Recruitment We recruited four new Trustees to fill some vacancies left by colleagues stepping down from the charity / going on maternity leave and an ongoing vacancy we had. We deliberately advertised for trustees with financial and governance skills and fundraising skills. With the updated charters, they were able to pick the committee that best suited their skills.

Additional information (optional) You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives

Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Ben Fund’s purpose and main source of expenditure is providing grants (or loans) to current or former British Council employees and their dependants who are experiencing hardship. The trustees set a target amount of grants and loans to be distributed each year, and a maximum level for each grant. These targets may be revised in-year to respond to the impact of natural disasters or other emergencies. The main sources of income are investment income, donations and legacies, and fundraising events. The majority of the reserves are held as investments, although the charity also holds cash in bank accounts for ease of access for reimbursing the British Council for payment of the grants (or loans), as the British Council makes payments on behalf of the Ben Fund through its established payment processing systems. Approximately £100,000 is required to be held in the bank at any one time to meet these in-year requirements. Income from investments currently provides around 48% total income and helps the Ben Fund to manage the risks from fluctuation in the other income sources. Reserves are held to provide a source of income, ensure the long-term sustainability of the Fund, and to respond to unpredictable demands for assistance caused by natural disasters or other emergencies. The trustees aim to balance meeting the needs of current actual or potential beneficiaries with maintaining the long-term viability of the Ben Fund and meeting the needs of future potential beneficiaries. In 2020, the current Treasurer cleared the grant repayment backlog, which depleted the reserves. 2020 was difficult year for all resulting in a large amount of grants. As lockdowns and world events continued in 2021 and 2022, the decision was made to delay repayments to ensure that the reserves of the charity would have a chance to replenish. The Trustees met in 2023 to discuss the previous accounts, and it was agreed that two years of grants would be reimbursed to the British Council no later than March 2024. In March 2025, the trustees approved a payment of

		£41,864.63 to cover the year 2022-23 which reduced the backlog to two years. Those repayments have successfully reduced the liability of the Ben Fund without endangering the reserves. The Trustees have agreed to continue the repayments until we achieve one year delay. The target range for reserves agreed for 2024/25 was £550,000 to £750,000, in addition to the £100,000 required for in-year operation of the organisation. The trustees identified a need to rebalance and change investment behaviours to align the current risks with their preferred level of appetite. A deep review of the Ben Fund’s historical financial performance was undertaken to provide the trustees with a clear overview of past behaviours and performance. In setting the target, the trustees review the net income or expenditure position and level of reserves at least annually. The trustees are reducing the reserves to the target level in a cautiously managed way by setting the target level of grants above the current level of income.
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46	The continued Transformation Process of the British Council has put some of the roles of trustees at risk and caused a significant drop in payroll and pension donations. With another wave of restructure announced, this could lead to permanent loss of knowledge and difficulties raising funds.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust Deed
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustee vacancies are advertised to the British Council’s current global workforce via all available internal communication channels. Applicants are requested to submit an expression of interest. A panel of trustees review the expressions of interest and interview candidates to determine their suitability to perform the role based on the relevance of their skills and experience. The committee approves the appointment of the preferred candidate by a majority vote and the approval to appoint is sought from the British Council’s authorised representative, the Chief People Officer. More generally, our governing document the Trust deed states: • There shall be at least three and not more than eight Trustees. • The Trustees may appoint new and additional Trustees with the prior written consent of the British Council. • The British Council may appoint new and additional Trustees by serving written notice on the Fund. • No person may be appointed a Trustee: `o`unless he or she has attained 18 years; or `o`in circumstances such that, had he or she already been a Trustee, he or she would have been disqualified from acting under the provisions of this deed; or `o`if his or her appointment would mean that a majority of Trustees are not resident in England and Wales. • A technical defect in the appointment of a Trustee of which the Trustees are unaware at the time does not invalidate decisions taken by the Trustees. So long as there are fewer than three Trustees none of the powers or discretions

conferred on the Trustees by this deed or by law shall be exercisable except for the power to appoint new Trustees

Additional information (optional) You may choose to include further statements where relevant about: Policies and procedures Para 1.51 adopted for the induction and training of trustees The charity’s organisational Para 1.51 structure and any wider network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name	British Council Benevolent Fund
Other name the charity uses	The Ben Fund
Registered charity number	1161805
Charity’s principal address	1 Redman Place, Stratford, London E20 1JQ

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
Firzana Perveen	Manchester, UK	2003 onwards	Chief People Officer, British Council
Stephanie Ashcroft	Manchester, UK	Until July 2025	Chief People Officer, British Council
Ellie Buchdahl	Bucharest, Romania	On leave from December 2024	Chief People Officer, British Council
Jenny Simms	London, UK	Until August 2024	Chief People Officer, British Council
Karen Jack	London, UK	Until May 2025	Chief People Officer, British Council
Paul Smith	Sarajevo, Bosnia		Chief People Officer, British Council
Tanzeela Hussain	Karachi, Pakistan	From October 2023	Chief People Officer, British Council
Ben Harris	London, UK	From August 2024	Chief People Officer, British Council
Andrea Brown	London, UK	From November 2024	Chief People Officer, British Council
Mercyline Machini	Nairobi, Kenya	From November 2024	Chief People Officer, British Council
Paul Weaver	London, UK	From November 2024	Chief People Officer, British Council

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Doria Arditti Cherid Full name(s) Paul Smith Position (eg Secretary, Chair Secretary Chair, etc) Date 23/01/2026

The Benevolent Fund	The Benevolent Fund	The Benevolent Fund	Charity No (if any)	161805
Annual accounts for theperiod
Period start date	4/1/2024	To	Period end date	3/31/2025

Section A Statement of financial activities

Total funds £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Prior year funds	Total funds £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Prior year funds	Total funds £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Prior year funds	Total funds £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Prior year funds	Total funds £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Prior year funds
5,664	-	-	5,664	9,995
10,367	-	-	10,367	17,107
-	-	-	-	-
15,037	-	-	15,037	15,375
-	-	-	-	-
-	-	-	-	-
31,069	-	-	31,069	42,476

	-	-	-	-
53,974	-	-	53,974	40,090
-	-	-	-	-
380	-	-	380	1,251
54,353	-	-	54,353	41,342

(23,285)	-	-	(23,285)	1,135
61,331	-	-	61,331	29,533
38,047	-	-	38,047	30,667
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
38,047	-	-	38,047	30,667

842,622	-	-	842,622	811,954
880,668	-	-	880,668	842,622

CC17a (Excel)

01/23/2026

Section B Balance sheet

Total last year £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Total this year	Total last year £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Total this year	Total last year £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Total this year	Total last year £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Total this year	Total last year £ £ £ £ £ F01 F02 F03 F04 F05 Unrestricted funds Restricted income funds Endowment funds Total this year
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

41	-	-	41	534
8,651	-	-	8,651	7,767
880,222	-	-	880,222	818,890
93,699	-	-	93,699	105,595
982,613	-	-	982,613	932,787

101,945	-	-	101,945	90,165

880,668	-	-	880,668	842,622

880,668	-	-	880,668	842,622

-	-	-	-	-
-	-	-	-	-

880,668	-	-	880,668	842,622

Funds of the Charity Endowment funds (Note 27)

-			-	-
	-		-	-
880,668		-	880,668	842,622
			-	-
880,668	-	-	880,668	842,622

Signature		Print Name		Date of approval dd/mm/yyyy

Restricted income funds (Note 27) Unrestricted funds Revaluation reserve

Total funds

Signed by one or two trustees on behalf of all the trustees

CC17a (Excel)

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

n/a

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support n/a the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the n/a going concern assumption doubtful; Where accounts are not prepared on a going n/a concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes No *Please disclose*	ü	* -Tick as appropriate	* -Tick as appropriate
	ü
	:
*(i) the nature of*	*the chan*	*ge in accounting policy;*	n/a
*(ii) the reasons* *provides more r* *and*	*why appl* *eliable an*	*ying the new accounting policy* *d more relevant information;*	n/a
*(iii) the amount* *the current peri* *aggregate amou* *before those pr*	*of the adj* *od, each* *nt of the* *esented,*	*ustment for each line affected in* *prior period presented and the* *adjustment relating to periods* *3.44 FRS 102 SORP.*	n/a

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes No	ü	* -Tick as appropriate
	ü

Please disclose:

(i) the nature of any changes;

(ii) the effect of the change on income and expense or assets and liabilities for the current period; and

(iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes No	ü	* -Tick as appropriate
	ü

Please disclose:

(i) the nature of the prior period error;

(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

CC17a (Excel)

01/23/2026

Section C Notes to the accounts

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change n/a in accounting policy Reconcilation of funds per previous GAAP to funds determined under FRS 102 Start of End of period period £ £ Fund balances as previously stated Adjustments: - - Fund balance as restated - - Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102 End of period£ Net expenditure as previously stated Adjustments: Previous period net expenditure as restated -

CC17a (Excel)

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Yes No N/a	Yes No N/a	Yes No N/a
ü
Yes No N/a
		ü
Yes No N/a
ü
Yes No N/a
		ü
Yes No N/a
ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
	ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
	ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a

benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

Yes No N/a	Yes No N/a	Yes No N/a
		ü
Yes No N/a
ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
	ü
Yes No N/a
	ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
		ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
		ü
Yes N/a
		ü
Yes No N/a

Debtors Current asset investments They are valued at fair value except where they qualify as basic financial instruments. Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.	Yes No N/a	Yes No N/a	Yes No N/a	Yes No N/a
		ü
	Yes No N/a
		ü
	Yes No N/a
		ü

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)

Note 3 Other: TOTAL INCOM Other informati Donations and legacies: Charitable activities: Other trading activities: Income from investments: Separate material item of income:	Analysis of income Analysis	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds
	Donations andgifts	4,780	-	-	4,780	9,041
	Gift Aid		-	-	-	-
	Legacies		-	-	-	-
	General grants provided by government/other charities		-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	884	-	-	884	954
	Other		-	-	-
	Total	5,664	-	-	5,664	9,995

	Christmas Appeal		-	-	-	-
	Other Fundraising	10,367	-	-	10,367	17,107
			-	-	-
	Other		-	-	-
	Total	10,367	-	-	10,367	17,107

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Interest income	2,307	-	-	2,307	4,040
	Dividend income	12,730		-	12,730	11,335
	Rental and leasingincome	-	-	-	-	-
	Other		-	-	-	-
	Total	15,037	-	-	15,037	15,375

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income				-	-
	Gain on disposal of a tangible fixed asset held for charity's own use				-	-
	Gain on disposal of a programme related investment				-	-
	Royalties from the exploitation of intellectual propertyrights				-	-
	Other				-
	Total	-	-	-	-	-
	E on:
		31,069	-	-	31,069	42,476

All income in the prior year was unrestricted except for: (please provide description and amounts)		n/a
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.
		n/a

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)		n/a

CC17a (Excel)

01/23/2026

Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

Analysis	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds	Total funds Prior year £ £ Unrestricted funds Restricted income funds Endowment funds

One Off Grants	49,499	-	-	49,499	36,442
Quarterly Grants	800	-	-	800	798
Xmas Grants	3,675	-	-	3,675	2,850
Legacy Grant		-	-	-
Total expenditure on charitable activities	53,974	-	-	53,974	40,090

Forex	-	-	-	-	-
Bank charges	-	-	-	-	-
Provisions for Uncollected Gift Aid	-	-	-	-	-
Corrections	-	-	-	-	-
Total	-	-	-	-	-

Other Small Value Expenditure	380	-	-	380	1,251
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total other expenditure	380	-	-	380	1,251

	54,353	-	-	54,353	41,342

Other information:

CC17a (Excel)

01/23/2026

Section C Notes to the accounts (cont)

Note 11 Paid employees Please complete this note if the charity has any employees.

11.1 Staff Costs

Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits Total staff costs	This year £	Last year £
	-	-
	-	-

	-	-
	-	-

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

Band	Number of employees
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity

11.2 Average head count in the year

The parts of the charity in which the employees work

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	-	-
Governance	-	-
Other	-	-
Total	-	-

CC17a (Excel)

01/23/2026

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

Please state the legal authority or reason for making the payment

Please state the amount of the payment (or value of any waiver of a right to an asset)

11.4 Redundancy payments Please complete if any redundancy or termination payment is made in the period. Total amount of payment

The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date

Please state the accounting policy for any redundancy or termination payments

CC17a (Excel)

01/23/2026

Section C Notes to the accounts (cont)

Note 5 Investment assets

Please complete this note if the charity has any investment assets.

5.1 Fixed assets investments (please provide for each class of investment)

Cash & cash equivalents	Listed investments	Investment properties	Social investments	Other	Total
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

	n/a

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

5.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

Analysis of investments Cash or cash equivalents Listed investments Total Grand total (Fair value at year end+Cost less impairment)
	Fair value at year end	Cost less impairment
	£	£
	-	-
	-	-
	-	-

CC17a (Excel)

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5.3 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Cash or cash equivalents Listed investments Total Analysis of current asset investments	This year	Last year
	£	£
	-	-
	880,222	818,890
	880,222	818,890

5.4 Concessionary loans

----- Start of picture text -----
This year £ Last year £
Description
41 534
Amount of concessionary loans made ( Multiple
loans made may be disclosed in aggregate provided
that such aggregation does not obsure significant
information ).
Total 41 534
Zero interest rate
Terms and conditions eg interest rate, security
provided
41
Amounts payable within 1 year
Amounts payable after more than 1 year
5.5 Additional information
No hedging is being made to manage the financial risk on those loans.
Please provide information about the significance
of investments to the charity's financial position
or performance eg. terms and conditions of loans
or the use of hedging to manage financial risk.
The fair value of all investment is taken out of the quarterly/ twice annual
For all investments measured at fair value, the valuation statetements that we receive from M&G and Schroeders
basis for determining the value, including any
assumptions applied when using a valuation
technique.
n/a
Where a charity has provided financial assets as
a form of security, the carrying amount of the
financial asset pledged as security and the terms
and conditions relating to its pledge.
----- End of picture text -----

CC17a (Excel)

01/23/2026

Section C Notes to the accounts (cont) Note 6 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments.

6.1 Analysis of debtors Other debtors Total	This year £	Last year £
	8,651	7,767
	8,651	7,767

CC17a (Excel)

01/23/2026

Section C Notes to the accounts (cont)

Note 7 Creditors and accruals Please complete this note if the charity has any creditors or accruals.

7.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
101,945	90,165	-	-
101,945	90,165	-	-

CC17a (Excel)

01/23/2026

CC17a IExcell 18 0112312026

Section C Notes to the accounts (cont)

Note 8 Cash at bank and in hand Cash at bank and on hand Total
	This year £	Last year £
	93,699	105,595
	93,699	105,595

CC17a (Excel)

01/23/2026

Section C Notes to the accounts (cont)

Note 9 Fair value of assets and liabilities

9.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

n/a

9.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

£ 61,331 i s the total nett unrealised gain from investment in 2024/25 financial year

CC17a (Excel)

01/23/2026

61,331 CC17a IExcell 21 0112312026

Section C Notes to the accounts (cont)

Note 10 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

10.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

*Please give details of why remuneration or other employment* *benefits were paid.* *Where an ex gratia payment has been made to a trustee, provide* *an explanation of the nature of the payment.* *If a third party has been reimbursed for providing one or more* *trustees, state the nature of the payment and amount of the* *reimbursement.* *State the number of trustees to whom retirement benefits are* *accruing under a defined contribution pension scheme.*	n/a
	n/a
	n/a

10.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity	None

10.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False)

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end	Provision for bad debts at period end	Amounts written off during reporting period
			£	£	£		£
British Council	Trustees are appointed by Britsh Council	Payments are made by British Council on behalf of the Trusts- The amounts are included within Creditors	41,865	101,945	-	-	-
British Council	Trustees are appointed by Britsh Council	Monies (repayment of loans) are received by British Council on behalf of the Trusts- The amounts are included within Debtors	493	41	-	-	-

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In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement. n/a For any related party, please provide details of any guarantees given or received. n/a

CC17a (Excel)

01/23/2026

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

28.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
Thisyear				Lastyear
Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
£	£		£	£

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

28.2 Trustees' expenses

No trustee expenses have been incurred (True or False)

Type of expenses reimbursed	This year	Last year
	£	£
Travel
Subsistence
Accommodation
Other (please specify):

TOTAL

Type of expenses reimbursed	This year	Last year
	£	£
Travel
Subsistence
Accommodation
Other (please specify):

TOTAL

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

There have been no related party transactions in the reporting period (True or False)

----- Start of picture text -----
Amounts
written off
Name of the trustee or Relationship Description of the Amount Balance at Provision for bad debts during
related party to charity transaction(s) period end at period end
reporting
period
£ £ £ £
----- End of picture text -----

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In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement. For any related party, please provide details of any guarantees given or received.

CC17a (Excel)

01/23/2026

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

CC17a (Excel)

01/23/2026

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Charity Name The ‘Ben Fund’	Charity Name The ‘Ben Fund’	Charity Name The ‘Ben Fund’

31/03/2025	Charity no (if any)	161805

I report to the trustees on my examination of the account of the above charity (“the Trust”) for the year ended 31/03/2025. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did 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.

Signed: Date: 20 January 2026 Name: Nancy Wangeci Relevant professional CPA qualification(s) or body (if any): Address: The British Council, 1 Redman Place Stratford, London E20 1JQ United Kingdom

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of NOT APPLICABLE. any items that the examiner wishes to disclose .