## **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** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**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** |**Recommended categories by activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
**_Total_**
S07
**Resources expended (Note 4)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Others
S11
**_Total_**
S12
**Net expenditure before investment gains/(losses)**
S13
Net gains/(losses) on investments
S14
**Net income/(expenditure)**
S15
**Extraordinary items**
S16
**Transfers between funds**
S17
Gains and losses on revaluation of fixed assets for the charity’s own use
S18
Other gains/(losses)
S19
**_Net movement in funds_**
S20
**_Reconciliation of funds:_**
Total funds brought forward
S21
**_Total funds carried forward_**
S22
**Other recognised** **gains/(losses):**|**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 1 ## **Section B Balance sheet** |Guidance Notes
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Unsecured Loans**
**Debtors (Note 6)**
**Investments (Note 5)**
**Cash at bank and in hand (Note 8)**
**_Total current assets_**
**_Net current assets_**
**_Total assets less current liabilities_**
**Provisions for liabilities**
**_Total net assets_**
**Creditors: amounts falling due within**
**one year (Note 7)**
**Creditors: amounts falling due after**
**one year (Note 20)**|**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) 01/23/2026 2 ## **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 3 ## **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) 01/23/2026 4 **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._ |**Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:
**Offsetting**
**Grants and donations**
**Legacies**
**Government grants**
The charity has received government grants in the reporting period
**Donated goods**
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
· the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
· the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
l
h
th
f
l t d
diti
t (5 16 FRS 102 SORP)
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
**Contractual income and**
**performance related**
**grants**
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
b
fi
i
d
i
d f
h
i i
f
d
d
i|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 benefits are recognised as income earned from the provision of goods and services as income from charitable activities. |**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
**Provisions for liabilities**
**2.4 ASSETS**
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.
**Intangible fixed assets**
They are valued at cost.
**Heritage assets**
They are valued at cost.
**Investments**
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other
income in the SoFA.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS 102 SORP.
**Tangible fixed assets for**
**use by charity**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 15
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 16.
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.|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 10 **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of expenditure** |**Analysis**
One Off Grants
Quarterly Grants
Xmas Grants
Legacy Grant
Forex
Bank charges
Provisions for Uncollected Gift Aid
Corrections
**Total**
**Other**
Other Small Value Expenditure
**Total other expenditure**
**TOTAL EXPENDITURE**
**Expenditure on**
**charitable**
**activities**
**Total expenditure on charitable**
**activities**
**Separate material**
**item of expense**|**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 11 **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 12 ## **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 13 ## **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)** |Carrying value at beginning of period
-
-
-
Carrying (fair) value at end of year
-
**Cash & cash**
**equivalents**
**Add/(deduct):**transfer in/(out) in the
period
**Add:**net gain on revaluation
***Please specify additions resulting from**
**acquisitions through business combinations, if**
**any.**|**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) 01/23/2026 14 ## **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 15 **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 16 ## **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** |**Other creditors**
**Total**|**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 17 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 19 ## **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 20 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)** **1** |**_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)** _**1**_ |**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)** _**0**_ |**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|-|-|-| CC17a (Excel) 01/23/2026 22 _**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 23 ## **Section C Notes to the accounts (cont)** ## **Note 28 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.**_ ## **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.**_ |**Name of trustee**|**Legal authority (eg**
**order, governing**
**document)**|**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** _**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)** |**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** _**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)** **----- 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 -----**
CC17a (Excel) 01/23/2026 24 _**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 25 **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 26 **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**|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 1 ## **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** . 2