Company Registration No. 09644387
Charity Registration No. 1164475
(England and Wale$l
THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustèes
Peter Holgale (Chairman from 18 JLJIY 2023)
James Archer
Mark Callingham
David Duckill
Tobias Faber
Norman Heaton (Chairman until deceased 17 July 20231
Company registration number
Charity registration number
09644387
1164475
Regi$teTed office
14 Ledborough Lane
Beaconsfield
Buckinghamshire
HP9 2PZ
Bu$inès5 addres¥
Bekonscot Model Village and RaI￿aY
14 Ledborough Lane
Bèawnsfield
Buckinghamshire
HP9 2PZ
Audltor
CLA Evelyn Partners Limited
22 Wycornbe End
B6aconsfield
Buckinghamshire
HP91NB

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
CONTENTS
Pagè
Report ol thè Iruslees
Independènt audilo¢s report
Consolidaled s131emenl ol financial acliwlies
10
Consolid8lèd balance sheet
Charity balance sheet
12
Consolidated slalemenl of cash flows
13
Notes lo the finanryal st8lemenls
14-23

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY2024
The TrLJslees (who arè also the directors of The Roland Callingham Foundation) have pleasure in presenting their
report together with the consolidated financial slalemenls ol the charity and ils subsidiary for the year ended 31
January 2024 which ale also prepared lo meet the iequiTemenls for 8 directors, report and a¢eounls lor Companies Act
purposes.
The Trustees and staff at 8ekonseol are very sad to report the death in July 2Q23 of our Chairman, Norman Healon.
Nortman had been associated with Bekonscot for mole than 50 years, most of them as Chairman, and his wisdom. wise
Counsel ard leadership will be greatly missed by all of those who knew him.
The financial statements comply with the Companies Aot 2006, the Charities Act 2011 and the Slal8menl of
Reeommended Practice- Accounting and Reporting by Charities {the FRS 102 Charilies SORP).
Structure
The Rtsla￿d Callingham FoLJndation Ilhe Foundation'l is a private company limited by guarantee without share capital
incorporated under UK Company Law on 17 Junè 2015 and reuislared with the Charity Commission on 19 November
2015.
In 1928 the late Roland Callingharn commenced development of a plot of land adjoining Ledborough Lane as a model
village Ènd railway and in August 1929 the public were allowed to enter on payment ol a small fee. all proceeds being
donated lo Gharily. The18nd was gradually developed further and in 1934 The Bekonscot Model Railway & General
Charitable Association was formed lo adminislei the operation and disbuise the excess of receipts over expenses to
charity. By 1975 it had become clear that a rnoie up lo dale organi5alion was required. The late Mrs ITene Callingham
Ilhe widow of the lale Roland Callinghaml transferred the land occupied by the model village lo the original Roland
Callingham Foundation by way of a gift in 1978. Bekonscot Limited was then formed to undertake the running of the
model village on behalf of IhÉ original Foundation and Church Army, which has supported the model village from its
earfiesl days, paying over ils annual piofi15 to thosè registered Charities.
On 31 January 2018, following agreement with the Charity Commission, the nel as5e15 and obligations of the original
Roland Callingham Foundation were transferred to the Foundation. The Foundation is responsible for the operation
and administration of the Bekonscol model village and railway and for all charitable activily undertaken from this site.
Ils wholly owned subsidiary, Bekonscol Liwiled, is responsible for the commercial actiwties undertaken at the site and
distributes ils available profits annu311y lo the Foundation.
Govèmanee and management
The Foundation is governed by its Board of Trustees, with two trustees 3150 sanring on the Board of thè group's wholly
owned subsidiary company, Bekonscol Limited. Slaff involved in the day lo day operation of the model village are
employed jointly by the Foundation and by Bekonseot Limited.
Operational decision making for the village is the responsibillly ol thè M8naging Director, who is not a Trustee. He is
advised and supported by the Board of Trustees and a Joint Finance & General Purposes Committee. Bekonscot
Limited runs the trading activities ol the village such as the shop, tearoom and light railway. It has its own Board of
Dire¢lors, advising and supporting the Managing Director. The charilable aclivities of the group are undertaken by the
Foundation Ljnder the slral&gic oversight of its own trustee board, with the support of the Managing Director and Ihe
trading subsidiary board.
Recruitment, indLFCtion and training of Trustees
Ori appoinlnent, Trustees are provided with a detailed history of thè Foundation and its predecessors and with
previous accounts. They also undertake various di5¢ussions with existing members. Trustees ensurè that they keep
themselves up lo date with current mallers affecting charities including charity law requirements, Charity Commission
best praelice gLJidance and the Charily Governance Code.
Rel?ted parties
Bekonscot Limited is the wholly owned trading subsidiary of the Foundation. The financial slaleTllenls therefore indude
the wholly owned subsidiary.

THE ROLAND CALLINGHAM FOUNDATION
{A CHARITABLE COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES {CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
Objectives
The objeclives of the Foundation are to advan￿ such charitable purposes laccording lo the law of England and Wales)
as the Trustees see fit from time to lime for the public benefit, in particular, bul not limited to.,
The preservation of heritage and the advancement of education by operating and enhanoing the madel wllagÈ
created by the late Roland Gallingham at Bekonscol, Buckinghamshire.,
Advanang religion by making grants to charities registered with the Charily Commission which advan
religion.,
Making grants to charilies local to Beaconsfield and its surrounds as well as supporting Church Army and
other bodies favoured by the late Roland CalSinuham and the Trustees.
The model village is recognised as the oldest original ol ils kind. It both educales visitors about the history. heritage
and ways ol life of England in the 1930s and also prese*ves this experience for future generations.
Throughout ils long history, the model village has made significant donations lo the tharilies it 8UPPOrts.
Publlc benefit
The Trustees have had due regard to the Charily Commission's guidance on public benefit. Of the charitable purposes
set out in the Charities Act 2011, the Foundation principally contributes to three areas,. Purpose 4.. The advaneement ol
education". Purpose 5.. The advancemeDI of religion", and Purpose 8." The advancement of the art5, culture, heritage or
science. Through its prograrnme of grant5 the charity also prorllotes other chaiilable purposes including the ielief of
poverty, the advancement of health and community developrnenl.
The public benefits of the Foundation are-.
the preservation of the first model village in the wodd conlinuou51y open la the public from ils inception
the conservation of the model village and railway as heritage assets available for public enjoyment
the education of the public in town and village lile in the 1930s and the role of transport in connecting
settlements
the preservation, enhancement and en¢ouragemenl of eraft skills
the rnaking of giants to other charitable organisalions lo advan￿ religion, edU￿tIon, health and crimmunily
projects
In its operation of the model village and railway, the charily seeks to minimise harm to the envimnment.
Any rnember of the public may..
visit the model village and raib￿aY when it is open
aC￿sS the educalion cenlre and displays Iherè
find out about BekonS￿l by ac¢esslng the website and viewing photographs, vldeo ¢llps and hislorieal
information
To verify that these benefits continue lo be delivered, the Foundation seeks feedback from both ils own visitors and
frorn Ihe charities it 5UPPOrts.
The Foundation encourages and supporis access for people who may otherwise find il diificull lo wsil Bekonscol
because of financial or other constrainls.
Achievements
The Foundation's principal funding sources are the surplus arising from ils operation of the model village and the
donated profits of Bekonscot Limited, ils trading subsidiary.

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
Visitor numbèrs for the 2023 season were 130,033 {2022 season 140.4491 as prolonged wet weather had an impact.
Thè percentage ol visitors applying gift aid and converting their admission lo a donation which dipped in 2022
continued at this lower Sevel, partly due lo the c051 of liwng pressures.
The Trustees are again mosl grateful lo the staff for their commitment lo Bekonscol and their skills in maintaining the
model village and railway as a much-loved heritage lourist atlraclion. High Shrunkh2m Junction, the new display
building where visitors feel they have shrunk into a Bekonseot model station, was opened by the Rl Hon Michael
Portillo on 30 Seplernber 2023 and is much appre¢i81ed by visitors.
We were able lo welcome and educate 5,019 12022 5,135} school visitors during the season. The buildings, model
scenes and transport connections in the village are an effective medium to communicate the rich heritage of life in the
1930s. In addition 10 school group visits we offered two home educator days and, aid8d by tha Sunflower lanyard
scheme, made our sile more welcorning lo visitors with different accessibility nèeds.
Thè charitiès supported by the Foundation in 2023124 were..
Churth Army
Alexander Dev]ne Chlldren's Hoswce
Allrlslon Sd)￿A
Alzheimers UK
Anlmal Anliks
Ashrnead School PTA
Baby Bank
41h Beaconsfield Scouts
Beacon5field Uniled Refor￿Ed Church
Dags for Good
Farnham Common School Frfends
Floren￿ Nighlin9ale Hospce
GrangeArea Trust
Greenfingers Chariiy
Happy Days
Harrowcarefs
Healin9 dogs lorde31 people
Hope Church. lleaconsfield
Response OxfordshSre
Sl Mary &AI S8lnis Church, Beaconsfield
Sl Michael's Church, Beaconsfie
St Th(]fflas' Church. Beaconsfpeld
Scannappeal
Sthoolreaders
South Bucks Hosplce
Spollighl UK
Th4mes Hospice
EFE
Been There
In Touch
Ukr&lne 10 Chiikm& CIO
Betk5. BuGks, Oxon Ihfildlife Trust
Bucks Garden Tmsi
Kidlingion Good Neighbour Schtrmp Village Preschool, Tyl8rs Green
Kl(Ss Space
West House Hea￿ Robinson Mus8um
Llghlhouse BeaCOnsf￿1d
eelpower
ile14ill Centre
combe Food Hub
combe Youth Acllon
CallbreAudlo
Cedar Park School PTA
Child Per￿VeMent UK
Chiiiern MusicAcademy
ChiltÈrn Shaktspèare Corpwany
Cl8plon Common 8oys Club
Cuizon Centre
Marfowopportunity Playorovp
PS Stsc￿ty
One Can Trusl
combe Youth for Chrlsl
Youth on the rnove. Hackr
PepFer Found8Uon
Rennie Grove Hosyce Ca
In addition, St Teresa's Church and Sl Michael's Churd) in Be8consfield benefit substantially from the amounts paid to
them for the use of their car paTks at lirnes when they would othèrwisé be underus8d.

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 JANUAR Y2024
Flnanclal review
On a consolidated basis the charitable group recorded £1.8 million of income from operating the model vi118ge and
r3ilway12023 £1.8 million). Donations lo charities lolalled £106,34312023 £153,129). Nel incoming resources lor the
yeai after sll these donations were £152,12612023 £177,386).
The trading subsidiary Bekonscot Ltd made a profil of £89,628 for the year 2023124 compared with £117.582 in 20221
23.
IM)Ile the 2024 season rnay conlinue to be impacted by the current adverse èconomic environment, the Trustees are
satisfied that the operational plans and financial budgets adopted foi the year are SLtfficienl lo ensure the Foundation
and its trading subsidiary together remain a going concem for the year ahead and for the foreseeable future.
Fundraisirtg
One of the Foundation's PTillcipal objectives is lo raise funds by operating the model villagè sa Ihal the SUTpIus
generated can be used lo enhance the village and make grants to other charilies. Other donations in the year came
from cash collection points by the Wishing Well and Fountain. The Foundation does not fundr3ise by mailing people or
by mounting street collections. The Foundation ha5 not received any complaints during the year in relation to
fundraising.
Grant making pollcy
The Foundation's policy on grant making is to identify ch8tities local lo Beaconsfield and ils surrounds as well as
supporting Church Aimy and other bodies favoured by the late Roland Callingham and the Truslees.
Risk management
Trusteès maintain a Risk Register which is regularly reviewed. The principal risks and uncertainties that affect the
Foundation each year are prolonged adverse weather affecting vi51tor numbers income generation and Ihe
challenges of preseNing the attractiveness of a hèritage model village and ensuring easy aC￿sS lo our town centre
site for our visitors.
To lake a¢¢ounl of the key risks outlined above the Trustees and management consider anliclpat8d best and wor51-
ase scellarios as part of the budgel-selling process and relain sufficient cash and opeialing reserve5 to remain a
going concem through a range of scenarios.
The TrLJslees are satisfied that this approach has enabled the rnajor risks lo be idenlilied and appropriate steps taken
lor Iheir miligalion, although Il is recognised that systems can only provide reasonable, not absolu16, assurance in this
regard.

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Reserves policy
Reserves are needed for the following purposes..
The seasonal cash requ1￿mentS from the end of the main season in October each year through lo when the
model village becomes busy again and generates a positive cashflow, usually in the following April,
necessilale a reserve eslimaled at £150,000
To provide a buffer in the event of reduced incornè and tts COP8 Wlth thè finanaal consequences of
circumstan￿8 which cannot be insured agaillsl and beaiing in mlnd that the model villagè income is weather
dependent. a reserve estimated at £550,000 is needed
To provide finance for mitigating longer term risks
In ordeT lo meet Ihese requirements tha Trustees plan lo increase reserves out of net Incoming resources, taking into
account funds required for the developrnenl programme and annual grants.
In the year under review Ihe Trustees have recognised Ihe need lo designate funds of £342,000 lo finance major
projects in the current development programme. These comprise both developments within the model village and
remodelling the Offi￿ space and staff welfare faalilios.
Funds considered freely available al 31 January 2024 amounted to £67e,46012023 £799,981) aftèr iwo large Capital
spend projects in the year. These are adequate to cover the buffer required for seasonal iequiremenls and six months
of regulai èxpenditure il unforeseen events curtailed the model village's income.
The Trustees aim lo allocate sufficient of the FouTTrdalion's nel incorning resources over Ihe longer-lem to meet the full
reserves requirement outlined above.
Investment policy
The Trusteès have determined that funds set aside for longer term strategic plans and resilience reserve5 may be
pla￿d in investments that may offer h1ghèr retums than are currently available on cash or near-cash deposits and may
help lo mitigate the effects of inflation, with 8n accepl8ble high8r risk, over a longer lime horizon. The Trustees have
appointed Inveslec Wealth & Investment Limited lo manage those investments on a discretionary basis. £600,01)O has
been invested up to January 2024. with a markel value of £635,690 al year-end.
The Foundation wishes lo be a responsible investor. Environmenlal. social and governance (ESGI criteria are a sel of
standards for a company's operations that socially conscious investors consider when reviewing their investments.
Environmental criteria consider how a company perfoTms as a stewaid of nalure. so￿￿1 criteria èxamine how il
manages relationships with employees, suppliers. cuslorners and communities where il oper3les. Governan¢e deals
with a company's leadership, execulive pay. audits, internal conlrols, and shareholderlmembei rights. The
Fovndation's inveslmènl managers are expected to take into account ESG issues in their investment analysis and
deasion-making proces5 and engage with Company management wh8re appropriate.
Remuneration policy and key management personnel
Key management personnel of the Group are considered lo be Ihe Trustees of the Foundation and the Directors of
ekonscot Limited, including the Managing Director. The rernuneralion of staff ernployed jointly by the Foundation and
Bekon5coI Limited is reviewed annually by Trustees and Ihe Board of Bekonscot Limited and rates of pay are sel
taking acco￿￿1 of appropriate salary benchmarks, inflation, affordability and government policy on minimum wage.

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES {CONTINUED)
FOR THE YEAR ENDED 31 JANUAR Y 2024
Future plans
In the immediate future the focus lor the model village is to provide visitors with an enj(>yable and informative visit, lo
evaluate the success of the recently opened new play area, lo continue lo support its benefiGiaries and lo progress the
site enhancement plans.
A phased programme of works is planned lo enhance vi511or experience and to expand the range of education sessions
offered on sile and through external talks. The priorities after thal are extending the light railway and providing new
staff facilits'es. workshops and offices.
The Trustees aim to continue the close working relationship wllh Church Amiy,. supporting frorn the surplus generated
by thé madel village that organisalion's charltable mission, charities local to Beaconsfield and ils surrounds and other
charities prioritised by the Trustees.
ststemènt of trustees. responsibilities
The Trustees. who are also dii8Ctois ol the Foundation for the purposes of company law, are responsible lor preparing
the Rèport of the Tiustees and the financial statements in accordance with applicable law and United Kingdom
Accoullling Standards (United Kingdom Generally Accepted Accounting Practicel includino FRS 102, the Financial
Reporting Standard applicable in the UK and Republic ol Ireland.
The law applicable lo tharilies in England & Wales requires the Tiuslees lo prepare financial statements for each
financial peiiod which give 8 Iiue and lair view of the slate of the affairs of the charity and the charitable group and of
the incoffling resources and application of resources ol the charitable group for that period. In preparing these financial
slalemenls. the Trustees are required lo..
select suitable gccounting policies and then apply th8m oonsislently.,
make judgements and acoounling eslirnales that are Teasonable and prudent.,
s181e whether applicable UK Accounting Standards have been followed, subjecl to any material departures
disclosed and explained in the financial slatemenls.,
prepare the financial statements on the going concem basis unless il is inappropriate to presume Ihal the
groLJP and charity will ¢onlinue In buslness.
The Tiuslees are responsible for keeping adequate accounting records Ihal disdose wilh reasonable accuracy al any
lime the financial position ol the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible lor safeguarding the assets of the eharity and hence ft>r taking
reasonable steps for Ihe prevention and dèteclion of fraud and other irrègulaiilies.
statement of disclosure to auditor
So far as the Tiuslees are aware, there is no relevant audit inlorrnalion of which the auditor is unaware. Additionally,
the Trustees have taken all the steps that they ought lo have taken lo make themselves aware ol any relevant audit
information and to establish ihal the audilor of the company is aware of that information.
This report has been prepared in accordance with the provisions applicable lo companies erilitled to the small
companies, exemption. Advantage of the exemption from audit under section 477 of the Companies Act 2006 has not
been taken.
Ouring the year the Charily's auditor Ha￿00d Hullon Limited transferred its audit registration to CLA Evelyn Partners
Limited as part of R reorganisation.
This report was approve
the Trustees on .....
d signed on their behalf by..
Peter Holgata
Trustee

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF THE ROLAND CALLINGHAM FOUNDATION
Opinion
Vve have audited the financial statements of The Roland Callingham Foundation (the 'parent charitable cornpally'l
and its subsidiary Ilhe 'group'l for the yèar ended 31 January 2024 which comprise the Consolidated Slalement of
Financial Aclivilies, the Consolidated and Charity Balan￿ Sheels, the Consolidated Statement of Cash Flows and
notes to the financial stalemenls, including a surllmary of significant accounting policies. The financial reporting
framework that has been applied in their preparalion is applicable law and United Kingdom Aeeounting Standards,
including FRS 102 The Financi81 Reporting Slandard applicable in the UK aftd Republic of Iroland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statemEnls'.
give 2 true and fair view of the slate of the group's and ol the parent charitable company's affairs as at 31
January 2024 and of the group's incoming resources and application of resources. including ils income and
expenditure for the year then ended..
have been properly prepared in accordan¢È with United Kingdotll Gelleially Accepted Accounting Practice., and
have been prepared in ac¢ordance with the requirements of the Cornpanies Act 2008 and the Charities Act
2011.
Basis for opinion
Wè conducted our audit in accordance with International Slandards on Auditing (UK) IISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibililigs for the audit of
the financial slatenients section ol our report. We are independent of the charitable oompany in aocordance with the
ethical requirements that 3re relevant to our audit of the financial slalemenls ill the UK, inctuding the FinarTrcial
Reporting Council's Elhic31 Standard, and we have fulfilled our other ethical responsibilities in accordance wilh
these requirements. We believe that the audit evidence we have obiained is sufficient and appropriate to provide
basis for our opinion.
Conclusions relating to going concern
In auditing the financial slalemenls, we have concluded that the direclors, use of the going ¢on¢em basls of
accounting in the preparation ol the financial stalemenls is appropriate.
Based on thè work we have perfoirned. we have not identified any material uncertainties relating lo events or
conditions that. individually or collectively, may cast significant doubl on the group's and parent company's ability to
continue as a going concern for a period of at least twelve months from when the financ￿1 slalemenls are
authorised for issue.
Our responsibilities and tho respon51bilili&s of the dlrectors with respect lo going cOn￿rn are described in the
relev8nl section5 of thi5 report.
Other information
The Iwslee5 are responsible for the other information. The other information comprises the information included in
the annual report, other than the financial slalements and our auditor's report thereon. Our opinion on Ihe financial
statements does not cover the other information and. except to the exienl otherwisè explicitly slated in our report,
we do not express any form of assurance conclusion thèrétsn. In conneclion with our audit of the financial
statements, our responsibility is lo read the other infortllalion and, in doing so, consider whether the olher
information is materially incon51Stenl with the financial slalemenls or our knowledge obtained in the audit or
olhetwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material
misstatemenls, we are required lo determine whelher Ihere is a material misslalement in the financial statements or
a material misstatement of the other information. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information. we are required to report that f8cl.
We have nothing to rèport in this regard.
Oplnlons an othèr matters prescribed by the Companies Act 2006
In our opinion, based on the work L)ndertaken in the course of OUT audll.,
the infoTmalion given in the Iruslees. report for the year foT which the financ4al statements are prepared is
consislenl with the financial slalements., and
the tru51ee5' report has been prep8re¢J in accordance with applicable legal requirements.

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE ROLAND CALLINGHAM FOUNDATION
Matters on which we are required to report by exception
In Ihe light of the knowledge and understanding of the group and parent charitablÈ company and its environment
obtained in the course ol the audil, we have not identified material mi55lalemen15 in the trustees. report.
We have nothing to repotl in respect of the following mallers where the Companies Act 2006 requires us to report to
you if, in our opinion..
adoquale accounting records have not been kept by the parent charitable eompany, or returns adequate for our
audit have not been re￿iVed from branches not visited by us", or
the financial statements are not in agreement with the accounting records and returns., or
cet1ain disclosures of directors, remLJneralion specified by law are not made,. or
we have not received all the information and explanations we require lor our audit.. or
the Iruslees were not entitled to prepare the financial statements in 8ccordanee with the small c£)rnpanies'
regime and lake advantage ol the small companles, exemption in pr9paiillg the trustees. report and from the
requirement to prepare a strategic report.
Responslbllities of directors
As explained more fully in the trustees, responsibilitiès sl#lemenl, the Iruslees (who are also the direclors of the
charitable company lor Ihe purpose of company lawl are responsible for the preparation of Ihe financial statements
and for being satlsfied that they give a true and fair view, and for such internal control as the trustees delermTn8 is
necessary to enable the preparation of financtal statements that are free from material rnisslalemenl, whether due
lo fraud or error.
In preparing the financial statements, the Iruslees are responsible for assessing the group's and the parent
charilable company's ability lo continue as a going concern, disclosing, as applicable, matters related lo going
concern and Ljsing the going concern basis of accounting unless the trustees either intend to liquidat8 the group or
the parent chaiitable company OT lo cease operations. or have no realistic altemalive bul lo do so.
Auditorfs responsibllltles for thé audlt of the financial statements
Our objectives are to oblain reasonable assurance about whether Ihe financial slalemenls as a whale are free from
material rnisslalemenl, whether due to fraud or error, and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level ol assurance but is not a guarantee that an audit conducted in aecordance
with ISAS IUKI will always dele¢t a material misstalernent when il exists. Misslalemenls can arise from fiaud or
error and aré corlsidered material if. individually or in the aggregate, they could reasonably be expeoled to influence
the e¢onomic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities. oullin8d above, lo delect rnaleiial misstalemenls in respect of irregularities. including
fraud. The extent lo which our procedures are capable of detects'ng irregularities, including fraud, is datailed below.
Our approach lo idenlrfying and assessing the risks of material misslatemenl in respe¢l ol irregularities. includ5ng
fraud and non-compliance with laws and regulations, was as follows."
the engagemenl partner ensured that the engagement 1È8m collectively had the appropriate competence,
capabilities and skills to identify or recognise non-¢omplignce with applicable laws and regulations..
we identified the laws and regul8lion5 applicable lo the company through discussions with directors and
other management, and Iiorn our commercial knowledge and experience of the sector.,
we fooused on specific laws and regulations which we considered may have a direct mat81ial effed on the
Inan¢ial slalemenls or the operations of the company, including the Companies Act 2006, laxalion
legislation and dala protection. anli-bribery, employment, environmental and health and safety legislation.,
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence,. and
identified laws and règulations were communicated within Ihe audit team regularly and the team remained
alert lo inslan¢es of non-compliance throughout the audit.

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF THE ROLAND CALLINGHAM FOUNDATION
We assessed the susceptibility of the company's finanaal slalemenls to material misstatement, including obtaining
an understanding of how fraud might occur. by..
making enquiries of Inanagement ès lo where they ttonsidered there was susceptibility lo IraLJd, their
knowledge of actual, suspeoted and alleged fiaud..
considering the internal conliols in place lo mitigate risks of fraud and non-complian￿ with laws and
regulations., and
To address the risk of fraud through management bias and override of controls. we..
performed analylic31 procedures lo identify any unusual or unexpected relationships.,
lesled journal enliies lo identify unusual transactions.,
assessed whether judgements and assumptions made in determining the accounting esllrnales sel out in
note 2 were indicative of polenlial bias., and
investigated Ihe rationale behind significant c>r unusual transactions.
In response lo the risk of irregularities and non-eomplianeè with laws and r6gul8lions, we designed procedures
which included, but were not limited to..
agreeing financial stalernenl disclosures lo underlying supporting docurnentalion.,
reading the minutes of meetings of those charged with governance.,
enquiring of management as lo aclual and potential litigation and claims., and
reviewing correspondence wilh HMRC, relevant regulators and the company's lègal advisors.
There are inherent limitations in our audit prO￿dureS described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-complian￿.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to
ènquiry of the direelors and other management and the inspection of regulatory and legal correspondence, if any.
Material misslalemenls that aiise due lo fiaud can be harder to delect than those that arise frorn eiror as they may
involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. htlps'.11
www.fic.org.uklaudilorsresponsibilities. This desciiption foims part of our audilorfs report.
U$È of our report
This report is made solely to the charitable Company's members. as a body, in accordance with Chapter 3 of Part 16
of the Gomp8nies Act 2006. Our audit work has beèn LJnd8rtaken so that wè might slate to the eharilable company's
rllembers those mallers we are iequired lo slate lo them in an audiloi's report and foi no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable
company and the charitable company's members as a body, for our audit work. for this report. or for the opinions we
have fomied.
Keir Singleton Isènlor Statutory Audltorl
For and on behalf of CLA Evelyn Partnèrs Llmlted
Date..
Chartered Accountants
statutory Auditor
22 Wcombe End
Beaconsfield
Buckinghamshire
HP9 1NB

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING INCOME AND
EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 JANUAR Y 2024
Total
2024
Total
2023
Notes
Income
Donations and legaciès
Income Irorn charitable activities
Income from trading activities
Income from investments
90,177
1.034,378
611,647
30,056
126,557
1,033,523
635,089
9,444
Total Incoma
1.766,258
1.804.613
Expenditure
Cosls of raising funds..
Commercial trading operations
1522,0191
1517,5071
Expenditu￿ on charitable aclivilies..
Operation of the Bekonscol Mo(tel Village
Grants payable
11,012,941)
1106,3431
1960,3421
1153,1291
Total Expenditure
11.641,3031
11,630,978)
Net gain on investment
27,171
3.731
Net incoming resources
io
152,126
177,366
Unrèstricted funds brought forward
1.243,277
1,065.911
Unreslrided funds carried forward
17
1,395,403
1,243,277
The statement of financtal activities contains all gains and losses recognised in the year.
The notes on pages 14. 23 forrn part of these financial slalemenl5.
10-

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
CONSOLIDATED BALANCE SHEET
AS AT 31 JANUARY2024
2024
2023
Notes
Fixed assets
Tangible 8ssel8
Investments
376,943
635,690
270.296
505,179
14
7,012,633
775,475
Current assets
Stocks
Debtors
Cash and cash equivalents
39.200
48.747
461,683
35,000
42,897
609.961
15
549.830
687.858
Creditors: amounts falling due within
one year
16
{166.8601
1220.L1561
Net ¢urrent assets
382,770
467,802
Total assèts less eurrent Ilabllltles
1,395,403
1.243.277
Unrestricted funds of the group:
GenÈr81 funds
Designated funds
17
17
1,053,403
342,000
1.070.277
173,000
Total unrestricted funds
1,395,403
1,243.277
The notes on pages 14- 23 form part of these finanrAal statements.
For the year ended 31 January 2024 the exemption from audit under section 477 of the Companies Act 2006 was
not taken.
The finan¢ial stslemenls have been prepared in accordance with the provistons applicable to groups and
companie5 subject lo the small cornpanies, regirne.
The financial statements were approved by the boar
nd are signed on ils behalf b
I trustees an
authortsed for distribution on
Mark Callingham
Trustee
eter Hol
Trustee
ate

THE ROLAND CALLINGHAM FOUNDATION
{A CHARITABLE COMPANY LIMITED BY GUARANTEE)
CHARITY BALANCE SHEET
AS AT31 JANUARY2024
2024
2023
Notes
Fixèd assets
Tangible assèts
Investmenls
12
14
376,943
795.690
270,296
665,179
1,172.633
935,475
Current assets
Dèbtors
Cash and cash equivalents
1S
48,747
450.707
42.897
478.842
499,454
521.739
Creditors: amounts falling due within
one year
16
136e,312)
{331.5191
Net current assets
133,142
190,220
Total assets lèss currènt liabllities
1,305,775
1,125,695
Unrestricted funds of the charhty
General funds
Designated funds
17
17
963,775
342,000
952,695
173,000
Total unrestricted funds
1,305,775
1,125,695
The notas on pages 14- 23 form part of these financial statements.
For the year ended 37 January 2024 the exemption from 8udil under se¢lion 477 01 the Companies A¢1 2006 was
not taken.
The financial slalemenls h8ve been prep8rÈd in accordance with the provisions applicable lo groups and
companies subject lo the srnall companies, regime.
The financial statements were apprc>ved by the board of trus
and are signed on ils behslf by".
ees an¢J authorised for distribution on
M8ik Callingh8m
Trustee
Peter
Trustee
Igate
Company Registration No. 09644387
12-

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUAR Y 2024
2024
2023
Notes
Cash flows from op8ratlny activitiès
Cash gelleraled from operations
21
93,602
187,955
Net cash inflow from operating activlties
93,602
187,955
Investing activities
(Purchase) of tangible fixed assets
(Purchasellsale of fixed asset investments
Income from inveslrnents
1168,5961
1103,3401
30.056
154.1731
1501.4481
9.444
Net cash loutnowlllnflow from Investing
actsvities
1241.880}
1546,1771
Nel decrease in cash and cash equivalents
1148,2781
1358.2221
Cash and ¢a$h equivalents at heginning of year
609.961
968.183
Cash and cash equivalents at end of year
461,683
609,961
The notès on pagè$ 14- 23 fom parl of these finanaal slatemenls.
13-

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUAR Y 2024
Accounting policies
Company lrtformation
The Roland Callingham Foundation I'lhe charity") is a charitable company limited by guarantee domiciled 8nd
incorporatèd in England and Wales,. registered office is 14 LedboroLJgh Lane, Bea¢onsfield, Buckinghamshire.
HP9 2PZ.
The group consists of The Roland Callingham Foundation and ils wholly owned subsidiary Bekonscol Limited
(Company Reg, 013383471.
1.1 Accounting convention
These financial statements have been prepared in accordance with the requirements of the Cornpanies Act
2006 and the Charities Act 2011. "Accounting and Reporting by Chaiilies.. Slalemenl ol Recommended
Practi￿ applicable to charities preparing aecounts in accordan￿ with the Financral Reporting Standard
applicable in the UK and Republic ol Ireland I'FRS 1021 second edition. and the UK Generally Accepted
Accounting Practice a$11 applies from 1 January 2019.
The charity is a public benefit entity for the purpose of FRS 102.
The financial statements are prepared in sleiling. which is the ILJnclional currenoy of th& company. Monetary
amounts in these financAal 51atemenls are rounded lo the nearest £.
The f1nancial statements have been prepared under the historical cost convention, rnodified lo include certain
financial inslruments at fair vslue. The piincipal a￿ountIng policies adopted are sel out below.
Aftèr reviewing the cornpany's forecasts. the Trustees have a reasonable expe￿atIon that the company has
adequate resources lo continue operating for the foreseeable future 8nd there are no walerial uncertainties
about the eharitable group's ability to continue as a going concern. The company therefore continues to adopt
the going concern basis in preparing these financial statemenls.
1.2 Basis of consolidation
In the parent company financial statements, the cost of a bLJslness ¢ombinalion is the fair value at (he
acquisition date of the assets given and liabilities incuried, plus costs directly allributable to the business
combination. Investments in subsidiaries are accounted for al cost less impairment.
The group financial statements incorporate those of The Roland Callingham Foundallon 8nd af its subsidiary
li.e. the entity the group controls through ils power to govèrn the financial and operating policies so as lo
obtain economic benefits).
All financial statements are made up Éo the year-end. All intra-group transactions, balances and unrealised
gains on ITansactions between group companies are eliminated on consolidation. Unrealised losses are also
eliminated unless the transaclion provides evidence of an impairment ol the asset Ilgnsfer￿d.
1.3 Turnover
Voltinlary income is received by way of donations 15 included in full in the Statement of Financial Activities
when there is legal enlillemenl lo the in¢otne, Pfobabilily of receipt arTd amounts can be measured reliably.
Grants received are recognised in the peiiod when the activity 5UPPOrted by the grant takes place.
Income from charitable activities represents net entrance fees and fees from filming and markelillg on the
Bekonscot sile, and is shown net of VAT. Revenue for entrance fees is re￿gnIsed when the customer enters
the Bekonscol Model Village site.
ncome from trading aetivilies repre$8nts the receipts of the trading subsidiary from sales ol souvenirs,
refreshmenls, light railway rides and 8musetnenls and are recognised when the significant risks and rewards
of ownership of Ihe goods h8ve been Iransleired lo Ihe buyer.
14-

THE ROLAND CALLINGHAM FOUNDATION
{A CHARITABLE COMPANY LIMITED BY GUARANTEE)
.NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 JANUAR Y 2024
Accounting polieiès
Icontlntsedl
1.4 RèsourtÈs expended
Expenditure is recognised once there is a legal or conslruclive obligation to make 8 paym6nl lo a third party, (t
is probable that 5elllemenl will be required and Ihe amount of the obliualion ¢an be measured feliably.
Expenditure 15 classified under the following activity headings-.
Costs of raising funds comprise thè cos15 of commercial trading including the tearoom, souvenir shop. light
railway rides and their associated supporl costs.
Expenditure on charilable actiwties indudes costs of operating thè model wllage and educational activities
undertaken to lurther the purposes of the chèrity and their 8ssocialed support costs.
Support costs are those functions thal assist the work ol the charity bul do not directly undertake charitable
aclivilies. Support costs include governan￿ costs which support the charity's aclivilies. The bases on which
support C051s have been allocated are sel out in these noles.
GTanls are recognised when there is a commitmant lo pay.
1.5 Tanglble fixed assets
Tangible fixed assets are initially m6asurèd al ¢osl and subsequently measured al cost or valuation. nel of
depreciation and any impaimienl losses.
Depreciation is Charged on a straight linè basis over the following number of years, which is intended lo write
down ead) asset to ils eslimaled Tesidual value over ils expecled useful life..
Property improvements
Plant and equipment
Computers
Motor vehide5
Up to 20 years straight line
Up lo 8 years stiaighl line
Up lo 4 ysars sliaight line
4 years slraighl line
The gain or loss arising on the disposal of an asset is detèrmined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised In the slalemenl of financial activities.
The property owned by ltte d)arity is sla16d 81 historic cost on the grounds that il is a functional asset held
both by the charity and within the group lo deliver a social benefit through the functioning of the model villaoe
whieh occupies the land, rather than to generate an investment return. The elemenl of cost which represents
the land is not depreaated. Property improvements are depreciated as outlined above.
1.6 Fixed asset investments
Fixed asset investments comprise the interest in Ihe subsidiary and other investments.
Other investments are measured at lair value through profil or Ioss, 6xcopI foi those investments that are not
publicly traded and whose lair value cannot olhetwisÈ be mÈ8sured reliably, which are recognised at cost less
impaimient until 2 reliable measure of fair value becomes available.
Thé statement of financial activities includes the net gains and losses arising on revaluation and disposals
throughout the year.
A subsidiary is an entity controlled by Ihe charity. Control is the power to govern the financial and operating
policies of the entity so as to obtain benefits from its actiwties. The invesltnenl in the subsidiary is staled at
cost less any aceumulzted impairments to dal8. The Investments are assessed for impairment at each
reporting date and any Impairment is recoglli5ed immediately in the statement of financAal activities.
1.7 Stocks
Stocks are Wdlued at the lower of cosl and net realisable value, net of VAT.
15-

THE ROLAND CALLINGHAM FOUNDATION
{A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 JANUAR Y 2024
Accounting policle
(Continued)
1.8 Financial instruments
The charity ha5 elected to apply Ihe provisions of Section 11 'Bas1c Financial Inslrumenls. lo all of ils financial
instTumenls.
Financial instruments are reeognised in the charity's balance sheet when ihe charity becomes party to the
contractual piovision5 of the inslrumenl.
BasiG financial assets
Short lefm debtors are measured at Iransaclion price less any provision for impairment. Loans receivable are
measured initially at fair value. net of transaction costs and are subsequelllly carried al amortised cost Ljsing
the effective inlerest method. less any provision for irnpaimient.
Basic finanGial liabililies
Short term creditors aio tneasured al transaction pri￿. Other financial liabilities, includlng bank loans and
other loans, are Measured illilially al fair value, net of transaction cos15 and are subsequently carried al
amortised cost using the effective inlerest method.
1.9 Employee benefits
The costs of short-term employee benefits are recogni5ed as a liability and an expense.
Thè eosl of any unused holiday enlillemenl is recognised in the period in which the employee's seNce5 are
rÈeeived.
Termination benefits are recognised immèdial8ly as an expense when the company is demonstrably
commilted lo lefminal@ the employment of an employee or to provide lermination benefits.
1.10 Retirement benefits
Payménts lo defined contribution retirement benefit schemes ale charoed as an expense a5 they fall due.
1.11 Leases
Rentals payable under operating leases, including any lease incentives received, are charged lo profit or loss
on a straight line basis ovar the term of the relevant lease ex￿p1 where another more systematic basis Is
more represenlalive of the lirne pattern in which economic benefits from the leased asset aré eorTrsumed.
1.12 Unrestricted funds
Unrestricted funds cornprise incoming reSoUr￿S feeèivable for the objects of the Foundation wilhoul specified
purposes and are available as general funds. Imlhin unreslricled funds. designated funds are those funds that
the Trustees have chosen Its sel aslde for specific projects. Designated funds may be moved back lo general
funds at the Trustees, sole discrelion.
Judgements and key sources of estlmation uncertalnty
In the application ol the group'5 accounting poli¢ie8, the Trustees are required lo make judgements, @stimates
and assumptions about the carrying amount of assets and liabilities Ihal are not readily apparent from other
sources. The eslimales and associated assurnptions are based on historical experience and other factors that
are ¢onsidered lo be relevant. The Trustees are mindful that regular review a￿d revision of forecasts will be
required and aclual results may difFer from these estimates.
The eslimales and underlying assumptions arè reviewed on an ongoing basis. Revisions lo accounting
eslimates are recognised in the period in whioh the eslitnale is rewsed where the revision affects only that
period, or in thé period of thè revision and future periods where the revision affeds both current and future
periods.
16-

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUAR Y 2024
Flnanelal performance of the charity
The consolidated slalemenl of financial activities includes the results rjf the charity's wholly ¢)wned subsidiary
which opera18s the commercial trading operations.
The summary financial performance of the charity alone Is..
Total
2024
Total
2023
Income
Gift aid donation from stjbsidiary
Incorne from investments
1,174,234
117,582
30,058
1,213,282
102,270
9,444
1,321,872
1,324,996
Expenditurè on charilsble a¢livilies
11.168,9631
{1,166,6731
152,909
158,323
Net gainlllossl on investment
27,171
3,731
Nel income
180,080
162,054
Total ILJnds brought fotward
1,125.695
963,641
Total funds carried forward
1.305.775
1,125,695
Income from donations and legacies
Total
2024
Total
2023
Donations from visitors and associated Gift Aid
Other donations
86.580
3,597
122,258
4,299
Tolal donations and legacies
90,177
126,557
Dr>nations received are all Un￿strICted.
Income from charitsble activities
2024
2023
Income from admissions and other related income
1,034.378
1,033,523
17-

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUAR Y 2024
Income from trading activltles
The wholly owned trading subsidi8ry Bekonscol Limited (company nLJmber 013383471 is incorporated in
England and Wales and distributes all ils profits to the Found31ion. Bekonscol Limited operates 311
commercial trading operations Carried on at the Bekonscot Model Village.
The surnmary finanaal perfomiance of the subsidiary alone is..
2024
2023
Turnover
Cost of sales and adminislralion costs
611,647
{522,0191
635,089
{517,5071
Nel piofil
Retained earllings brought forward
Amount dislribuled lo the parent charlly
89.628
117,582
1117.5821
117,582
102,270
1102.2701
Retained in subsidiary
89.628
717,582
The assets and liabilities of the subsidiary were..
2024
2023
Current assets
253,828
I4,￿0)
280,582
13,000)
Total net assets
249.628
277,582
Aggregate share capital and reserves
249.628
277,582
Operation of Bekonscot Model Village
Runnlng of Educatio
model vlllagè
Grant
giving
Total
2024
Total
2023
Notes
Staff costs
Activities undertaken directly
Govern8n¢e costs
Other support Costs
57Q.845
346.136
8.736
53,435
21,856
9,1e2
1,486
594.187
355,298
8,736
54,72Q
566,892
335,741
7,909
49,800
1.285
979,152
32,303
1.486 1.012,941
960,342
18-

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUAR Y 2024
Grants payable
Education
Arts, culture,
& community
Rellglon
Totsl
2024
Total
2023
Grants payable to Church Army
Grants payable lo other institutions
54,593
6,150
54.593
51,750
88,407
64,722
9,200
36,400
9,200
36.400
60.743
106,343
153,129
Allalysis of govemancè and other support costs
Support Governane&
costs
costs
2024
2023
Basls of
allocation
Staff costs
General office costs
42.720
12,000
42,720
13,386
39,840
10,869
Time spent
Direct
1,386
Audit fees
7,350
7,350
7,000
DiTe¢l
54,720
8,736
63.456
57,709
10 Net incoming resources for the year
2024
2023
Net incoming resources is slated after charging..
Depreciation of owned tanglble fixed assets
Operating lease charges
Audit of the financial statements of the group 2nd company
Audit of the financial slatem8nls of the company's subsidiary
61,949
3,991
7,350
4,000
46,441
3,992
7.000
8.400
Employees
The average monthly number of persons employed by the group during the year was..
2024
Numbèr
2023
Number
Total èmployee5
49
45
19-

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 JANUARY2024
11 Employees
Icontinuedl
Their aggregate remuneration comprised..
Group
2024
Group
2023
Wages and salaries
Social secL5ri1y costs
Pension costs
758,505
56,197
14,867
722,068
56,4(M
15,066
829,569
793,538
One staff rnember was remunerated between £80.000 - £90.OQk] in the year 12023 - One staff member
remunerated belween £80,000- £90,000).
Pénsion cost5 comprise defined conl¥ibulion p8nsion p8ym8nls made on bèhalf of various membèrs of staff
and on behalf of one director of the Subsidiary.
Key rnanagement personnel are considered to be Ihe Trustees of the Foundation and the Directors of
Bekonscot Limited. Total employee benefits in respect of the Managing Director. including pension and
national insuran¢e contiibutions, amounted lo £87.279 12023 - £81,128). The Trustees and other Directors
received no remuneration 12023 - Nill. Three Trustee8 were reimbursed travel exp8ndilure in 2023124 al
£1,37312022123~ two al £896).
Employees are employed jointly by the Foundation and Bekonscol Limiled. Bekonscot Limited bears the cost
related lo staff time spent on Bekonscot Limited activities.
12 Tangible fixed assets
Group and Company
Land and Plant and
buildbng$ machinery
etc
Total
Cost
At 1 February 2023
Additions
Disposals
199,110
143,854
273.436
24.742
16,6991
472.546
168,596
16.6991
At 31 J8nu3ry 2024
342,￿4
291,479
634,443
Depreciation and impaimient
Al 1 February 2023
Depreciation charged in the year
Eliminated in respect of disposals
33,827
23,417
168,423
38,532
16,6991
202,250
61.949
16,8991
Al 31 January 2024
57,244
200,256
257,500
Carrylng amount
At 31 January 2024
285,720
91,223
376,943
At 31 January 2023
165,283
105,013
270,296
-20-

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
13 Subsidiaries
Details of the charilvs subsidiary a131 January 2024 are as follows..
Namo of undèrtaklng
RÈgi5tererl offlce
Naturè of bo51nes$
Class of
shares hèkr
V. Held
Direct
B8konscot Limlted
England Bnd Wales
Operation ofir4ding
(kdinary
100.00
Bekonscoi Mod81 Mllage
and Raihvay
14 Fixed asset investmenls
Group
2024
Charity
2024
2023
2023
Inveslmenl in subsidiary
160,000
1£0.000
Other investments as at 1 February
Other investments acquired
Other investments divested
Other invèstments ievalualion
505,179
170,807
167.4671
27.171
505,179
170.807
167.4671
27.171
501.448
5Q1,448
3,731
3,731
Other investments at 31 January
635,690
505,179
635.890
505,179
Total inveslrnenls al 31 January
635,690
505,179
795,890
865,179
FlxÈd asset investments revalued
All other investments are carried al their fair value. These investments are manag&d by Inve5tec and aFe
primarily inveslad in collective funds. The legal slructure of these fund5 CAn take various forms. Some of the
funds are Investment Trusts which are quoted companies and listed on a stock exchange and therefore
valued based on this lisling. Other funds such as Unil TTU51s and Open Ended Investment Companies
IOEICS) are priced once per day.
Flxed asset investments at fair value compris•
Group
2024
Charity
2024
2023
2023
Investments and unit trusts
Fixed interest securities
Property funds
Alternative asset ftJnd8
Cash held wilhin the investment portfolio
373,228
144,578
24,186
73,361
2Q.337
3C6,978
92,637
18.357
68.638
18.569
373,228
144,578
24,186
73,361
20,337
306,978
92,637
18,357
88,638
18,569
635,690
505,179
635,690
505,179
21

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUAR Y 2024
15 Debtors
Group
2024
Charity
2024
2023
2023
Amounts falllng duè wlthln one year..
Trade debtors
VAT rÈcoveTable
other debtors
400
15,747
32.800
13,229
400
15.747
32.600
13,229
29,668
29,668
48,747
42,897
48.747
42,897
16 Credltors: amounts falling due within one year
Group
2024
Charity
2024
2023
2023
Trade uedilors
Amounts owed to group undertakings
Taxalion and soctal security
Other creditors
61.309
53.672
61,309
203,451
14.959
86.592
53,672
114,462
23.751
139,e33
14,959
90,592
23,751
142,633
186,860
220,056
366,311
331.518
17 Analysis of charitable funds
A11
February
Incoming Resources
resources
expended
Nel gain on
investment
A131
January
Transfers
Group lall unrestrictèdl
General funds
Designated funds
1,Q70,277 1,766,258 {1.641,3031
173,000
27.171
1169,0001
169.000
1,053,403
342,000
Total unrestricted
funds
1.243,277 1.766,258 {1.641,3031
27,171
1,395,403
At1
February
Incoming Resourcos
resources
expendad
Nel gain on
investmènt
At31
January
Transfers
Charlty lall unr•strl¢tèdl
General funds
Designated funds
952,695
173,000
1,321,872 11,168,963)
27.171
1169,0001
169,000
3,775
342,000
Total unresl¥icted
funds
1,125,695 1,321,872 11,188,963)
27.171
1,305,775
Designal8d fund5 represent amounts set aside to finance major capital projects that are planned bul nol yel
Committed. The charity does not have any reslricled funds.
-22-

THE ROLAND CALLINGHAM FOUNDATION
(A CHARITABLE COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 JANUAR Y 2024
18 Operating lease commitmènts
At the rèporting date the group had outstanding ¢ommilmenls for future minimum lease payments under non-
cancell8ble operaling leases. as follows..
Group
2024
Charity
2024
2023
2023
Within one year
Between two and five years
2,041
3.946
2,Q41
2.041
3,946
2,041
2,041
5,987
2.041
5,987
19 Capital commitments
Al the year end ltte group had nil rapI181 cornmilmenls12023.' £nill.
20 Related party transactions
Peter Holgate and James Archer are Trustee5 of the charity and also diredors of Bekonscot Limiled. During
the year Bekonscot Limited made a disl¥ibuliorTr of £117.58212023 £102,270) lo the charity and paid £49,679
for intercompany services 12023 £53,202). AI 31 January 2024, the Foundation owed Bekonscot Limited
£203.451 12023 - £114.4621. Ouring the period under review. the Trustees received no remuneration 12Q23
Da￿ld Duckitt, a Trustèè tsf the ¢harily, is involved in the management of Church Army. During the year the
charity commilled lo make a donation of £54,593 12023 £88,407) to Church Army. At 31 January 2024 the
charity owèd Church Army £54.593 12023 - £88,407). Agieemenls with Church Army are approved by other
Trustees and by other staff within Church Army lo avoid potential conflicts of interest.
Three of the Managing Director's chSldren were employed by the charity at various limes during the year. Their
remuneration was 81 the sarne level as other staff performing similar rolès.
21 Cash generated from group opèration$
2024
2023
Surplus for the year
152,126
177,366
Adjustments foT'.
Ilncomel from investments
Depreciation and impairm6nt of tangible Iixed assets
Nel {gainllloss on investments
130,0561
61,949
127,171)
{9.444}
46.441
{3.7311
Movements in working capital".
Ilncreaselldecrease in slocJ(s
Ilncreasel in debtors
IDecxease} in creditors
14,2001
15,8501
153.1961
1.000
(19,4551
{4,2221
Cash generated from operatlons
93,602
187.955
-23-