Charity Registered number 1164320
The Churchill Foundation
Accounts For the year ended 31 December 2024
Simpson Associates Chartered Accountants and Business Advisors
The Churchill Foundation Report and accounts Contents
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of Financial Activities | 5 |
| Balance sheet | 6 |
| Notes to the Financial Statements | 7 - 13 |
1164320
The Churchill Foundation Trustees' Annual Report for the year ended 31 December 2024
Charity registration number:
Structure, Governance and Management
The Charity is governed by Trust deed and is constituted as a Charitable Incorporated Organisation.
Trustees were chosen depending on their ability to support the Foundation through their profession.
The following persons served as Trustees in the year ended 31/12/2024:
l Mr C McCarthy l Mr S McCarthy l Mrs S Revell l Mrs L Matthews
The Churchill Foundation has a Trustees Policy of which the main points are: l Appointing trustees l Removal of trustees l Trustee meeting management & recording
There is also a resolution bank mandate, grant making policy and policy for partner charity criteria.
The Trust is managed by the Foundation Manager.
Our Trustees were selected for the following reasons:
l Spencer & Clinton McCarthy are founders of Churchill Living Ltd and have an invested interest in the success of charitable endeavours relating to the company l Suzanne Revell was appointed due to her high level of knowledge of marketing and employee engagement l Lindsay Matthews is a chartered accountant and was appointed due to her knowledge of the financial sector
The following non-Trustees were also involved with the charity during the year: l Emma McCarthy (Managing Director)
- l Annie Frederick (Foundation Manager from 28/10/2024) l Nicola Wallace-Walton (Foundation Manager left 20/06/2024) l Jo Scott (Management Accountant)
Principal Address:
Churchill House Parkside Ringwood Hampshire BH24 3SG
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The Churchill Foundation Trustees' Annual Report for the year ended 31 December 2024
Objectives and Activities
The objectives of The Churchill Foundation are to support local communities as well as national charities on our chosen three core areas:
l The relief of sickness, disease and human suffering l The promotion of health amongst the elderly l The support and wellbeing of the young
Our main activities are to support both charity events and small grants. Each year the trustees choose a range of charities of all sizes to support not only financially, but also through exposure via Churchill Living’s employees, homeowners and business partners.
Colleagues and apartment owners from the Churchill Living Group also took part in various personal challenges through the year to raise money for their chosen charities, with their fundraising efforts matched by the Foundation by up to £1,000 for each individual.
The small grant scheme gives employees, homeowners and business partners from The Churchill Living Group the opportunity to put forward charities or individuals who need financial support up to the value of £2,000.
All trustees of The Churchill Foundation have had regard to the guidance issued by the Charity Commission on public benefit.
Grant making policy
Small grants: (£50 - £2,000) Applicants for small grants are open all year round. Applications must be referred by a colleague, homeowner or business partner from The Churchill Living Group. The application process is available on The Churchill Foundation website.
All grants have to be agreed by the trustees. If it is an urgent donation, at least one trustee needs to sign off the donation for a small grant up to £2,000. Anything over £10,000 needs to be agreed in a trustees meeting and recorded in the minutes.
Achievements and Performance
Through the small grants programme, events and match funding, the Foundation has been able to support various charities, individuals and local communities.
Below are examples of how donations from The Churchill Foundation have impacted some of the charities and individuals supported in 2024.
In September 2024 the Foundation hosted a golf event at Bowood Hotel, Spa and Golf Resort in Wiltshire raising £57,508 with net proceeds being used to help support The Churchill Foundation's future endeavors.
In September 2024 Coffee Mornings were held at various locations across the country, raising a grand total of £61,240 for MacMillan Cancer Support and topped up with an extra £4,000 from The Churchill Foundation, this brought the total donation to £65,240.
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The Churchill Foundation Trustees' Annual Report for the year ended 31 December 2024
Achievements and Performance (Continued)
At the end of October 2024 colleagues took part in Every Youth’s campaign to sleep outside in the company car park for a night, this raised £13,392 gross including £1,000 match funding by The Churchill Foundation.
In December 2024 colleagues at our head offices in Ringwood raised £1,336 and donated hundreds of toys and gifts to support Wave 105’s Mission Christmas Cash for Kids appeal for disadvantaged children.
A further £547 was raised by taking part in Save the Children’s Christmas Jumper Day initiative and donated to Save the Children.
Through the small grants programme, the Foundation was able to award funding of £16,054 to 10 different charities.
The Foundation also supported many of Churchill Living’s colleagues and owners by match funding a total of £17,445 for their personal fundraising efforts and helping to support 27 different charities. An example of this, a group of employees from Churchill Living took part in a Tough Mudder event raising £3,437 including £1,000 match funding by The Churchill Foundation for Cancer Research UK.
The Churchill Foundation supported a total of 80 different charities during the year.
Performance of fundraising activities against objectives set
The Churchill Foundation raised a total of £387,696 during 2024, building strongly on the £303,746 total raised in 2023.
Financial Review
The Churchill Foundation has raised over £2.6 million in the eight years it has been operating, which is a fantastic achievement. Net funds before donations made in 2024 totalled £305,460, and the charity has reserves of £80,237 to ensure there are enough funds to cover overheads if there was an economic downturn. It also enables the Foundation the chance to grow in the future.
In addition to the reserve funds, the Foundation has held an additional £478,380 which is to be used for larger projects in the future. Since the year end the Foundation has partnered with Hourglass Safer Ageing charity in 2025 and has donated £200,000 from the project pot funds to help support their valuable work towards safer aging, stopping abuse and supporting older victims of abuse.
Declarations
The Trustees declare that they have approved the Trustees' report above.
Mr Clinton McCarthy
28 October 2025
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The Churchill Foundation Independent examiner's report
Independent examiner's report to the Trustees of The Churchill Foundation
I report to the trustees on my examination of the accounts of The Churchill Foundation for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity Trustees of the Trust you are responsible for the preparation of the 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 examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with 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 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.
Adrian Simpson FCA Simpson Associates Chartered Accountants and Business Advisors Alum House, 5 Alum Chine Road Westbourne Bournemouth Dorset BH4 8DT
28 October 2025
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The Churchill Foundation Statement of Financial Activities for the year ended 31 December 2024
| Notes Unrestricted Restricted Total funds funds 2024 £ £ £ Donations and legacies 223,174 - 223,174 Charitable activities 57,508 105,675 163,183 Other trading activities 1,339 - 1,339 Investments - - - Total incoming resources 3 282,021 105,675 387,696 Raising funds 2,090 122 2,212 Charitable activities 5 43,498 105,553 149,051 Other 80,024 - 80,024 Total outgoing resources 4 125,612 105,675 231,287 156,409 - 156,409 Net movement in funds 156,409 - 156,409 Reconciliation of funds Total funds brought forward 355,343 46,865 402,208 Total funds carried forward 511,752 46,865 558,617 Net (expenditure)/income before investments |
Total 2023 £ 161,710 140,727 1,309 - 303,746 3,044 147,769 74,023 224,836 78,910 78,910 323,298 402,208 |
|---|---|
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The Churchill Foundation Registered number: 1164320 Balance Sheet as at 31 December 2024
| Notes Current assets Debtors 6 Investments held as current assets Cash at bank and in hand Creditors: amounts falling due within one year 7 Total assets less current liabilities Creditors: amounts falling due after one year 8 Net assets/(liabilities) Funds Restricted funds Unrestricted funds Shareholders' funds 9 |
Unrestricted Restricted Total funds funds 2024 £ £ £ 62,985 2,339 65,324 - - - 461,138 109,854 570,992 524,123 112,193 636,316 (12,371) (64,076) (76,447) 511,752 48,118 559,869 - (1,252) (1,252) 511,752 46,866 558,617 - 46,865 46,865 511,752 - 511,752 511,752 46,865 558,617 |
Total 2023 £ 28,284 - 399,641 427,925 (24,399) 403,526 (1,318) 402,208 46,865 355,343 402,208 |
|---|---|---|
Signed on behalf of all the Trustees by:
Mr Clinton McCarthy Approved by the board on 28 October 2025
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The Churchill Foundation Notes to the Financial Statements for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Statement of Recommended Practice (SORP) and the Charities Act 2011. These accounts are prepared on a going concern basis.
Recognition of income
Income is recognised in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resource, when it is likely that the Trustees will receive the resource and that its monetary value can be reliably measured.
Volunteer help
The value of any voluntary help received is not included in the financial statements but is described in the Trustees' annual report.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The charity is exempt from corporation tax on its charitable activities.
| 2 Employees Average number of persons employed by the company |
2024 Number 1 |
2023 Number 1 |
|---|---|---|
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The Churchill Foundation
Notes to the Financial Statements for the year ended 31 December 2024
| 3 Analysis of income 2024 £ Unrestricted funds Donations and legacies Donations and gifts 207,911 Equipment sold to staff members 83 Donated goods, facilities and services: Seconded staff 15,177 Other 3 223,174 Charitable activities MacMillan coffee mornings - Tea Time Talk - Lodge & office events - Staff fundraising - Mission Christmas/fashion show - Office tuck shop 1,339 Xmas jumper day/raffle - Wear it pink day CRl Sponsorship - Movember - Golf 57,508 Head Office Quiz Night - Colour Run Event - Food Bank - Sleep Out - 58,847 Total income 282,021 |
2024 £ Restricted funds - - - - - 61,240 8,024 15,330 5,289 1,336 - 547 - 1,500 - - - - 17 12,392 105,675 105,675 |
2024 £ Total 207,911 83 15,177 3 223,174 61,240 8,024 15,330 5,289 1,336 1,339 547 - 1,500 - 57,508 - - 17 12,392 164,522 387,696 |
2023 £ Total 147,231 49 9,229 5,201 161,710 57,436 8,615 6,414 11,014 2,094 1,309 587 402 3,500 227 49,570 305 563 - - 142,036 303,746 |
|---|---|---|---|
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The Churchill Foundation
Notes to the Financial Statements for the year ended 31 December 2024
| 4 Analysis of expenditure Expenditure on raising funds: Tuck shop supplies Staff fundraising Staging fundraising events Advertising and publicity Direct Costs - Other Grants paid Office rent Staff salaries and pensions Temporary Staff Overheads Independent examiner's fees Trustee liability insurance GDPR registration Motor and travel Golf costs Other Total expenditure Examiner's fees Independent examiner's fees |
2024 £ Unrestricted funds 445 - 130 1,000 515 2,090 43,498 1,639 40,021 6,782 1,774 1,270 35 3,085 25,327 91 80,024 125,612 |
2024 £ Restricted funds - - 122 - - 122 105,553 - - - - - - - - - - 105,675 |
2024 £ Total 445 - 252 1,000 515 2,212 149,051 1,639 40,021 6,782 1,774 1,270 35 3,085 25,327 91 80,024 231,287 2024 £ 1,774 |
2023 £ Total 861 180 890 1,113 - 3,044 147,769 1,639 40,111 1,710 1,212 35 6,460 22,524 332 74,023 224,836 2023 £ 1,710 |
|---|---|---|---|---|
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The Churchill Foundation
Notes to the Financial Statements for the year ended 31 December 2024
5 Grantmaking
Analysis of grants paid (included in cost of charitable activities)
| Analysis MacMillan coffee mornings Tea Time Talk Match fund donation Lodge & office events Lodge fundraising - Warming mornings Staff fundraising Mission Christmas/fashion show Xmas jumper day/raffle Wear it pink day CRL sponsorship Movember Food Bank Sleep Out Other restricted Various unrestricted activities |
2024 Grants to institutions £ 61,240 8,024 17,444 15,330 - 5,289 1,336 497 - 1,500 - 17 12,320 10,000 16,054 149,051 |
2024 Grants to individuals £ - - - - - - - - - - - - - - - |
2024 Total £ 61,240 8,024 17,444 15,330 - 5,289 1,336 497 - 1,500 - 17 12,320 10,000 16,054 149,051 |
2023 Total £ 57,436 8,615 19,218 6,414 - 10,834 2,094 587 402 3,500 227 - - 305 38,137 147,769 |
|---|---|---|---|---|
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The Churchill Foundation
Notes to the Financial Statements for the year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Grants made to institutions | Total | Total |
| Name of institution | amount of | amount of |
| grants paid | grants paid | |
| £ | £ | |
| 176th Fromeside Brownies | - | 1,500 |
| Alzheimers Society | 2,360 | - |
| Blood Bikes | - | 1,138 |
| Bournemouth Above & Beyond | - | 2,000 |
| Breast Cancer UK | 1,598 | - |
| Cancer Research | 4,359 | 1,159 |
| Cerebra | 1,000 | - |
| Challengers | - | 1,500 |
| Childrens Hospice South West | - | 1,845 |
| Counselling Together | - | 1,000 |
| CRL Sponsorship | 1,500 | - |
| Crossroads Braintree & Chelmsford | 2,000 | - |
| Dementia UK | - | 1,159 |
| Derby Mountain Rescue Team | 2,116 | - |
| Devon Air Ambulance | - | 2,293 |
| Diabetes UK | - | 1,415 |
| Dorchester Community Nursery School | - | 1,500 |
| Emily McDonald | - | 2,000 |
| Essex Deaf Childrens Society | 2,000 | - |
| Every Youth | 13,320 | - |
| Fastaid | - | 2,000 |
| Great North Air Ambulance | - | 1,076 |
| Hospice of St Marys of Furness | 4,551 | - |
| Jolly Good Company | - | 2,000 |
| Kent Disability Football League | - | 2,000 |
| MacMillan | 67,329 | 72,291 |
| Motor Neurone Disease Association | - | 1,703 |
| Pets As Therapy | - | 1,000 |
| Parkinsons UK | - | 1,159 |
| Royal National Lifeboat Institution | 1,093 | - |
| Sands Charity | 2,273 | - |
| St Johns Hospice North Lancs & South Lakes | 4,381 | - |
| St Johns Parents & Teachers Association | - | 1,600 |
| St Raphaels Hospice | - | 1,840 |
| Surrey Heath Age Concern CIO | 1,000 | - |
| Swim Bournemouth | - | 1,000 |
| Thames Valley Air Ambulance | - | 1,000 |
| The Air Ambulance Service | - | 1,002 |
| The Change Foundation | - | 1,500 |
| The Inflammatory Breast Cancer Network | - | 2,000 |
| The Elizabeth Foundation | - | 1,000 |
| The Fire Fighters Charity | 1,033 | 1,000 |
| The Oakhaven Trust | 10,000 | - |
| The Royal Marsden Cancer Charity | 1,356 | - |
| The Space Somerset | 1,000 | - |
| TRIP Honiton | - | 1,000 |
| Wales Air Ambulance | - | 2,000 |
| West Mercia Search & Rescue | 1,436 | - |
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The Churchill Foundation
Notes to the Financial Statements for the year ended 31 December 2024
| Grants made to institutions (continued) Winton Wanderers Football Team Youth Families Matter Total Grants to institutions in reporting period Other unanalysed grants below £1,000 Grants made to individuals Total Grants paid 6 Debtors Trade debtors Other debtors 7 Creditors: amounts falling due within one year Other creditors 8 Creditors: amounts falling due after one year Other creditors 9 Charity funds 1 January 2024 £ Restricted Food Bank - Supercar Show 10,680 MacMillan 34 Charity Shoot 31,207 Lodge & office events - Mission Christmas/fashion show - CRL Sponsorship - Warming Mornings - Sky Dive Event 130 Charity Golf 4,680 Xmas Jumper Day - Sleep Out event - Other 134 Restricted funds 46,865 Unrestricted funds 355,343 Total funds 402,208 |
Income £ 17 - 61,240 - 15,330 1,336 1,500 8,024 - - 547 12,392 5,289 105,675 282,021 387,696 |
- 1,000 - 2,000 125,705 119,680 23,345 28,089 - - 149,051 147,769 2024 2023 £ £ 46,744 18,868 18,580 9,416 65,324 28,284 2024 2023 £ £ 76,447 24,399 2024 2023 £ £ 1,252 1,318 Expenditure 31 December 2024 £ £ 17 - - 10,680 61,240 34 - 31,207 15,330 - 1,336 - 1,500 - 8,024 - - 130 - 4,680 547 - 12,392 - 5,289 134 105,675 46,865 125,612 511,752 231,287 558,617 |
|---|---|---|
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The Churchill Foundation
Notes to the Financial Statements for the year ended 31 December 2024
10 Related party transactions
The Churchill Foundation is related with Churchill Living Ltd, due to some of the Trustees also being directors of that company. During the year, Churchill Living Ltd donated goods and services to the Trust of £15,177 (2023 £9,229).
11 Other information
The Churchill Foundation is a charitable incorporated organisation and is registered with the Charities Commission.
Its registered office is:
Churchill House Parkside Ringwood Hampshire BH24 3SG
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