Company Registration No. 09644387 Charlty Reglstratlon No. 1164475 (England and Wales) THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Peter Holgate (Chairmonl James Archer Mark Callingham David Duckitt Tobias Faber Jeangtle Howse lappoinled 1 October 20241 John Lee {appoinled l Octobèr 2024) Company reglstration number Charity reglstration number 09644387 1164475 Regl$tgred offlce 14 Ledborough Lane Beaconsfield Buckinghamshire HP9 2PZ Business address Bekonscol Model Village and Railway 14 Ledborough Lane Beaconsfield Buckinghamshire HP9 2PZ Auditor S&W Partners Audit Limited 22 Wcombe End Beaconsfield Buckinghamshire HP9 1NB
THE ROLAND CALLINGHAM FOUNDATION {A CHARITABLE COMPANY LIMITED BY GUARANTEE) CONTENTS Page Report of the trustees Independent audilorfs report Consolidated statement of financial activtties 10 Consolidated balance sheet 11 Charty balance she8t 12 Consolidated statement of cash flows 13 Notes to the finanoal $tslemenls 14-23
THE ROLAND CALLINGHAM FOUNDATION {A CHARITABLE COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY2025 The Trustees Iwho are also the directors of The Roland Callingham Foundalionl have pleasure in presenting thgir report together with the consolidated financial slalemenls of the ¢h8rity and ils subsidiary for the year ended 31 January 2025 vthich are also prepared lo meet the requirements for a directors. report and accounts for Companies Act purposes. The financial slat@menls ctsmply with the Companies Act 2006, the Charits"es Aet 2011 and the Stslemenl of Recommended Practy'ce- Accounting and Reporting by Charities Ilhe FRS 102 Charitie5 SORPI. The Trustees are pleased lo welcome Jeanette Howse and John Lee to the Board of Trustee8. Among the skills they bring to the Board are expertise in tourism, marketing and modelmaking. Structurè The Roland Callingham Foundation Ilhe Foundallon'l Is a private company limlled by guarantee wilhoul share capitsl incorporated under UK Company Law on 17 June 2015 and registered wth the Charity Commission on 19 November 2015. In 1928 the late Roland Callingham commenced development of a plot of land adjoining Ledborough Lane as a model village and railway and in AugLtsl 1929 the public were allowed to enter on payment of a small fee, all proceeds being donated to charity. The land was gradually developed further and in 1934 The Bekonscot Model Railway & General Charitable Association was fomied lo administer the operation and disburse the excess of receipts over expense5 to charity. By 1975 It had become clear that a more up lo dale organisation was required. The late Mrs Irene Callingham {Ihe widow of the late Roland Callinghaml transferred the land occupied by the model village lo the original Roland Callingham Foundation by way of a gift in 1978. Bekonscol Limited was then formed lo undertake the running of the model village on behalf of the original Foundation and Church Army, which has supported the model village from its earfiesl days, paying over ils annual profits lo those registered charitie5. On 31 January 2018, following agreement with the Charity Commission, the net assets and obligations of the original Roland Callingham Foundation were transferred lo the Foundation. The Foundation is responsible for the operation and administration of the Bekonscot model village and railway and for all charitable aclivrty undertaken from this sile. Ils wholly owned subsidiary, Bekonscot Limited, is responsible for the commercial activities undertaken at the site and distributes ils available profft5 annually to the Foundation. Governance and management The Foundation is governed by ils Board of Trustees, with two trustees also semng on the Board of the group's wholly owned subsidiary company, Bekonscol Limited. Staff involved in the day lo day operation of the model village are employed jointly by the Foundation and by 8ekonscot Lirnited. Operational decision making for the village is the responsibility of the Managing Director, who is not a Trustee. He is adviseil and supported by the Board of Trustees and a Joint Finance & General Purposes Committee. Bekonscol Limrted Tuns the trading activities of the village such as the shop, tearoom and light raitway. It has ils own Board of Directors, advising and supporting the Managing Director. The charitable activities of the group are undertaken by the Foundabon under the strategic oversight of its own trustee board, with the support of the Managing Diredor and the trading subsidiary board. Recruitment, indu¢tlon and tralnlng of Trustees On appointment, Trustees are provided with a detsiled history of the Foundation and ils predecessors and with previous accounts. They also undertake various discussions with existing members. Trustees ensure that they keep themselves up lo date wlh Current matters affecting charities including charity law requirements, Charity Commission best Prath'ce guidance and the Charity Governance Code. Rolat&d partles Bekonscot Limited is the wholly owned trading subsidiary of the Foundation. The financial statements therefore include the wholly owned subsidiary.
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Objectives The objectives of the Foundation are to advance such charitable purposes (according to the law of England and les) as the Trustees see fil from time lo lime for the public benefit. in particular. bul not limited to.. The preservation of heritage and the advancement of education by operating and enhancing the model village created by the late Roland Callingham at Bekonscot, Buckinghamshire., Advancing religion by making grants lo charitros registered with the Charity Commission which advance rgligion., Making grants to charities Ioc811o Beaconsfield and its surrounds as well as supporting Church Am)y and olhei bodies favoured by the late Roland Callingham and the Trustees. The model village 1$ recognised as the oldest original of ils kind. It entèrtains visitors and educate5 them about the history, hgritsge and ways of life of England in the 1930$ and also PfeseNes this experience for fvlure generations. Throughout ils long history, the model village has made significant donations to the charities il supports. Public benellt The Trustees have had due regard to the Charity Commission's guidance on public benefit. Of the charitable purposes set out in the Charities Act 2011, the Foundation principally Conlribules lo three areas", Purpose 4.. The advancement of education, Purpose 5.. The advancement of religion,. and Purpose 8.. The advancement of the arts, culture, heritage or science. ThroLJgh ils programme of grants the charity also promotes other charitsble purposes including the relief of poverty. the advancement of health and community developfnent. The publlc benefits of the Foundation are.. the preseryatson of the first model village in the wotld continuously open to the public from ils inception the conservation of the model village and railway as heritage assets available foi public enjoyrnent the educotion of the public in town and village life in the 1930s and the role of transport in connecting settlements tho pres&rvab'on. enhancement and encouragement of craft skills the making of grants lo other charitable organisalions to advance ligiOn, education, health and community projects In ils operation of the model village and railway, the charity seeks lo minimise harm lo the environment. Any member of the public may.. vl811 the model village and railway when il is open access the education centre and displays there find out about Bekonscol by accessing the website and viewing phologfaphs, video clips and historical information To verfy that these benefits continue lo be delivered, the Foundation seeks feedback from both ils own visitors and from the tharities il supports. The Foundation encourages and supports access for people who may olherwse find il difficutt to visit 8ekonseol because of financial or other constraints.
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 A¢hlavements The Foundation's prinapal funding sources are Ihe surplus arising from f(s operation ol the model vlllage and the donated profits of Bekonscol Limited, ils trading subsidiary. Visitor numbers for the 2024 sgason werg 124,93712023 season 130,033} as both wel weather and Slom Darragh had an adverse impact. The Trustees are most gratefijl to the staff for th comrnitrnent to Bekonscol and their skills in maintaining the model village and raIvaY as a muclFloved heritage tourist attraction. As well as maintaining and proleeting its current models. the Foundation continues to add new models and to enhance facilities as it approaches ils centenary year In 2029. We were able lo welcome and educate 6.60412023 5.0191 school visitors during the season, a notable increase. The buildings, model scenes and transport connections in the village are an effeclive medium to communicate the rich heritage of life in the 1930s. In addition lo school group visits we offered home educator days and, aided by the Sunflower lanyard scheme, continue to make our sile more welcoming lo visitors with different accessibility needs. The charits.es supported by the Foundation in 2024125 were.. ChufchAmiy AbbeyrId Socwty Beaconsfield Alon 4 Youth Age Conrm Loudwaler Alexander Devlne Hosplce Baby Bank Beawn5field URC Hott5pur Beaconsfield URC Old Town 8een There Curzon Centre Dog5 for Good Floren¢ Nohtingalè Ho$pl¢e Friends of Affnslon School Oxford Chihlrens H05ptsI Charity pa Centre Pepper Foundation Rennie Grove Hospice Care Scannappeal South BudK$ Hospice Spark5 Children Spinal Injurs AS5OaOn St Michael &AI Saints Church. Bea¢on$fltl Grang8AF?a Trust Greonfingers Charty Haddenharn St Mary PTA Hearing Do9s for deaf peop Helen & Douglas House EkF 8uths Hospitals- Paediatrics Bucks VFK)n Ca11breAud Cedar Parf¢ School PTA Chesharn CommuntyAs50cig1ion Chikl Bereavement UK Chiiiern Child Contact Ctntre Chittern Mu$icAcAd8my CilizensAdvice 8ud(inghamsh Cre$sex Cornrnunity School Fund Holtspur Senior Ciliien5 Hope Church Beaconsfiekl J8nnies Chmren Trust Juniper School PTA Kidlington Informatitsn Cènt Lindengate Mental Hea Kingshill Baptist Church MPS Society National P8ratyrnpic Heritage Trust One Can Trust Sl Thom35 Church Holtspur Thames Hosp8 Thamas ValleyAdventure PLgyground Tran5forrning Aulisrn veelpoWe[ Sports Assoc*tion Vlfishing Well Woodrow H¥h House cornbe EnwironTTEnlal Centre VWGoTrbe Fo1 Hub combe Youth for Christ In addition, St Teresa's Churth and Sl Michael's ChLbrch in Beaconsfield benefit substantially from the amounts paid to them for the use of their car parks al limes when they would otherwise be underused.
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES (CONTINUED FOR THE YEAR ENDED 31 JANUARY2025 Flnanclal rgvlew On a consolidated basis the charitsble group recorded £1.8 million of income from op&raling the model villa9e and railway 12024 £1.8 million). Donations to charities tolalled £81.408 (2024 £106.3431. Net incoming resources for the year after all these donations were £135,38812024 £152.126I. The trading subsidiary Bekonscot Ltd made a profit of £75.114 for 2024125 compared with £89,628 in 2023124. While the 2025 season was impacted by adverse weather, the Trustee$ are satisfied that the operational plans and financial budggts adopted are sufficient lo ensure the Foundation and its trading subsidiary together Temain a going onceTn for the year ahead and for the loreseeable future. Fundral$lng One of the Foundation's principal objectives is lo raise funds by operating the model village 50 that the surplus generated can be used to enhance the village and make grants lo other charities. Other donation5 in the year came from cash collection points by the Wishing Well and Fountain. The Foundation does not fundraise by mailing people or by mounting street collections. The Foundation has not received any complaints during the year in relation to fundraising. Grnnt maklng pollcy The Foundation's policy on grant making is to Identify charities local to Beaconsfield and ils surrounds as wdl a5 supporting Church ATMY and other bodies favoured by the late Roland Callingham and the Trustees. Risk mana9om8nt Trustees maintain a Risk Register which is Tegularly Teviewed. The principal risks and uncertainties that affect the Foundation each year are prolonged adverse weather affeth'ng visitor numbers and incorne generation and the challenges of preserving the attractiveness of a heritage model village and ensuring easy access to our town centre sile for our visitors. To lake account of the key risks outlined above the Twslees and management consider anticipated best and worst- case scenarios as part of the budgel-setting process and retain sufficient cash and operaling reserves lo remain a going concem through a range of scenarios. The Trustees are satisfied that this approach has enabled the major ri5k5 to be identified and appropriate steps taken for their mib'galion, although rf( is recognised that systems can only provi(fe reasonable. not absolute, assurance in this regard.
THE ROLAND CALLINGHAM FOUNDATION {A CHARITABLE COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES {CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 R¥$ervo5 policy Reserves are need&d for the following purposes.. The seasonal cash requirements 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 followng April, necessilale a reserye eslimaled al £150,OOQ To provide a bufler in the event of reduced income and to cope with the financial consequences of circumstsnces which cannot be insured against and bearing in mind that the model village income 1s weather dependent, a reserve eslimaled al £550,000 is needed To provide finance for mitigating longer term risks Funds considered freely available at 31 January 2025 amounted lo £760.00012024 £676.4601. These are adequate lo cover the buffer required for seasonal requirements and six months of regular expenditure if unforeseen events curtailed the model village's income. In addition, the Trustee5 have recognised the need to designate ftjnds of £202,000 to finance major projects within the development programme. These comprise both historic developments wlhin the model village and remodelling the office space and staff welfare facilities. The Trustees aim to 8llo¢ale sufficient of the Foundation's nel incoming resources over the longer-term to meet the reserves required lo support future develr)pments as opportunits.es arise. Investment polScy The Trustees have determined that funds set aside for longer term strategic plans and resili&nc& reserves may be placed in Investments that may offer higher retum5 than are currently available on cash or ftear-cash deposits and may help lo mi119ale the effects of inflation, with an acceptable higher r18k, over a longer lime horizon. The Trustees have appointed ari investment specialist lo manage those investments on a discretionary basis. £700,000 has been invested up lo January 2025, with a market value of £811,096 al year-end. The Foundation wshes 19 be a responsible investor. EnviTonmenlal, social and govemance IESGI criteria are a sel of standards for a company's operations that socially conscious investors consider when reviewing their inveslmenls. Environmentsl criteria consider how a company performs as a steward of nature. Social crileiia examine how il manages ielalionships with employees, suppliers, customers and communities where il operates. Governance deals with a company's leadèrship. executive pay. audits, internal controls, and 5hareholderlmember rights. The Foundation's investment managers are expected to take into account ESG issues in their Investment analysis and decision-making process and engage with company management where appropriate. Remuneratlon pollcy and key management personnel Key management personnel of the Group are wnsidered lo be the Trustees of the Foundatson and the Directors of Bekonscol Limrted, including the Managing Director. The remuneration of staff employed jointly by the Foundation and Bekonscot Limited is feviewed annually by Trustees and the Board ol Bekonscol Limiled and rate5 of pay are set taking account 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 JANUARY2025 Future plans In the immediate fulLJre the foeus for the model village is lo provide visitors wlh an enjoyable and infomalive visit. lo extend the light raifway in the area previously occupied by the water blaster and picnic area, to continue to support ils benefiaaries and lo progress the site enhancement plans. A phased programme of works is planned to enhance vlsltor experience and to expand the range of education sessions offered on site and through exiemal talks. The Tru5tee5 aim lo continue the close working relationship with Church Anny.. supporting from the surplus generated by the model village that organisalion's ¢harilable mission, eharilies local to Beaconsfield and ils surirJunds and other charities priorilised by the Trustees. Statement of trustees. responslbllltles The TTUStees. who are also directors of the Foundation for the purposes of company law, afe responsible for preparing the Report of the Trustees and the financial slalements in accordance with applicable law and United Kingdom A¢¢ounting Standards Iuniled Kingdom Generally Accepted Accounting Pra¢licel including FRS 102, the Financial Reportin9 Standard applicable in the UK and Republic of Ireland. The law applicable lo char(£ies in England & Wales requires the Trustees lo pffepa financial statements for each financial period which give a true and fair view of the state ot the affairs of the charity and the ¢harilable group and of the incoming resources and application of resourcgs ol the charitable group for that period. In preparing these financial statements, the Trustees are required to.. select Suitable accounting poliues and then apply them consislenlly. make judgements and accounting eslimales that are reasonable and prud&nl'. stste whether applicable UK Accounting Standard5 have been followed, su4.ed lo any material departures disclosed and explained in the financial slalements", prepare the financial statements on the going concern basis unless il is inappropriate to presume that the group and charity will continue in business. Truslegs are responsible for keeping adequate accounting records that disclose w"r(h asOnab accuracy al any lime the financial position of the charity and enable them lo ensure that the financial statements comply wlh the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. statement of dlsclosure to audltor So far as the Trustees are aware, there is no relevant audit infofmalion of which the auditor is unawaie. Addiliona51y, the Trustees hav& taken all the steps that they ought lo have taken lo make themselves aware of any relevant audit infomiation and lo establish that the auditor of the company is aware of that information. This report has been prepared in accordance with the provisions 8ppli¢able to companies entitled lo the small cornpanies, exemption. Advantage of the exemption from audft under section 477 of the Companies Act 2006 has not been taken. During the year the Charity's auditor CLA Evelyn Partners Limited transferred ils audit regislratlon to S&W Partners Audit Limited as part of a reorganisation. This report was appr dbylh ruslees on 5 June 2025 and signed on their behalf by.. Peter Holgale Tnjslee
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE ROLAND CALLINGHAM FOUNDATION Oplnlon We have audited the financial statements of The Roland Callingham Foundation Ilhe 'pafent charftable company'l and its subsidiary (the 'group'l for the year ended 31 January 2025 which comprise the Con501idaled Slalemenl of Financial Activities, the Consolidated and Charity Balance Sheets, the Consolidated Statement of Cash Flows and notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standard5. including FRS 102 The Financial Reporting Standard applicable in the UK 8nd Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion the finanaal slalements.. give a true and fair view of the slate of the grDUP'S and of the parent charitable company's affairs as a131 January 2025 and of the group's incoming resources and opplicalion of resources, including ils income and expenditure for the year then ended., have been properly prepared in accordance wth Unitgd Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance wth the requirements of the Companies Act 2006 and the Charities Act 2011. Basis for opinion We conducted our audit in accordanee with Inlernalitsnal Standards on Auditing IUKI IISAS {UKI) and applicable law. Our re5ponsibililies under those Standards are further described in the Audilols responsibAlilies for the audit of the financial statements section of our report. Vve are independent of the charitable company in a¢¢ordan¢e with the ethical requirements that are relevant to our audit of the financlal slalements in the UK, including the Financi Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial slalements. we have conduded that the directors, use of the going concern ba51$ of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not id•nlif19d any material uncertainties relating to events OT conditions that, individually or collectively, may ¢asl significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least fyvelve months from when the financial slalemenls are authorised for issue. Our responsibilities and the responsibilities of the dirgctors with respect to going corkcem are described in the Televanl sections of this report. Other Informallon The Iruslees are responsible for the other informatson. The other information comprises the information included in the annual report, other than the financial statements and our aud¢tor's report Ihereon. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly Stated in our report, we do not express any fonr of assurance conclusion Ihereon. In connectlon with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is rnaterially inconsislenl wth the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether there is a material misslalement in the financial stalemenls or material misslalemenl of the other inlomalion. If, basod on th6 work we have performed, we conclude that there 1$ a material misslatemenl of this other infomialion, we are required lo report that fad. We have nothing to report in this gard. Opinlons on other matters pres¢rlbed by the Companle$ A¢t 2006 In our opinion. based on the work undertaken in the course of our audit.. the information given in the Iwslees. report for the year f¢x which Ihg financial statements are prepared is ¢onsislenl with the financial statements", and the trustees, report has been prepare(I In accordance wth applicable legal requirements.
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE MEMBERS OF THE ROLAND CALLINGHAM FOUNDATION Matters on which we are required to report by exceptlon In the light of the kno¥Medge and understanding of the group and parent charitable company and Its environment obtained in the course of the audit, we have not identified malgrial misslalements in the trustees, report. We have nothing lo report in respect of the following matters where the Companies Act 2006 rèqulres us lo report to you if, in our opinion.. adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us., or the financial stslements are not in agreement wth the accounting records and returns., OT certain disdosures of directors. remuneration specified by law are not madg., or we have not received all the information and explanations we require for our audit., or the Irusle&s were not entitled lo prepare the financial slalemenls in a¢¢ordance with the small companies, regime and lake advantage of the small companies, exemption in preparing the trustees, report and Irom the requirement to prepare a strategie report. Responsibilities of directors As explained mole fully in the trustees, responsibilities statement. the trustee5 (who are also the directors of the charitable company for the purpose of company lawl are responsible for the preparation of the financial slalements and for being sa115fied that they give a true and fair view. and for such internal eontrol as the trustees determine is necessary to enable the preparation of financial slalements that are free from m81erial misstslemenl, whether due to fraud or error. In preparing the financial stalemenls, the Iruslees are responsible for a55essing the group's and the parent charitsble company's ability to continue as a going concem, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the Iruslees either intend to liquidate the group or the parent charitable company or lo cease operations, or have no realistic allernaliv8 but lo do $0. Auditorfs responsibilities for the audlt of the financlal $tstements Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole are free from maleTial misslalemenl, whether due lo fraud or error, and to Issue an audilols report that inclLJdes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conduclgd in accordance th ISA$ IUKI wll always detect a material misstatement when il exists. Mi5s1atements can arise from fraud or error and are considered material if. indiwdually or in the aggregate, they could reasonably be expeclod to infiuence the economic decisions of users taken on the basis of these financial statements. Irregularities, induding fraud, are instances of non-compliance wth laws and regulations. We degn procedure5 in line with our responsibilities, outlined above. to detect material misslalemenls in respect of irregularities, including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud, is detailed below. Our approath to identifying and assessing the risks of material misslatgment in respect of irregularities, including fraud and non-compliance with law5 and regulations. was as follows.. the engagement partner ensured that the engagement team colledively had the apprtspriale eompelenee, capabilities and skills lo identify or recognise non-complian with applicable laws and regulations", we identified the laws and regulations applicable to the company through discussions with directors and other rnanagement. and from our commercial knowledge and experience of the sector., we focused on specific laws and regulatsons which we considered rnay have a direct material effect on the rinancial statements or the operations of the company. including the Companie5 Act 2006, taxation legislation and data protection, anti-bribery, employment. environmental and health and safety legislation., we assessed the extent of ctsmpliance with the laws and regulations identified above through making enquiiies of management and inspecting legal correspondence,. and identified laws and regulations were etsmmunicated within the audit team regularly and the team rem8ined alert to instances of non<ompliance 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 financial statements to material misslalemonl, inclL*ding obtaining an understanding of how fraud might occur, by.. making enquiries of man89ement as lo where they considered there was susceplibilily to fraud, their knowledge of actual, suspected and alleged fraud," considering the internal controls in place lo mitigate risks of fraud and non-compliance wlh laws and regulation5', and To address the risk of fraud through rnanagement bias and override of controls, we.. performed analytical procedures lo identify any unusual or unexpected relalionshlps., tested journal entries to identify unusual Iransaclions". assessed whether judgement5 and a5sumplior15 made in delemiining the accounting estimates sel out in note 2 were indicatwe of Potential bias", and investigated the rationale behind significant or unusu81 transactions. In response to the risk of irregularitie5 and nOn-MplI4n¢e with laws and regulations. we designed procedures which Included, but were not limited to.. agreeing financial slalement disclosures lo undertying supporb.ng documentation., reading the minutes ol meetings of those charged with goveinance, enquiring of management as lo actual and potential liligalion and claims", and reviewing correspondence with PIMRC, relevant regulators and the company's legal advisors. There are inherent limitations in our audit proeedures described above. The more removed that laws and regulations are from finanaal Iransaclion5, the less likely it is that we would become aware of non-wmpliancg. Auditing standards a150 limit the audit proeedures required lo idenb'fy non-compliance with laws and r¢gulalions lo enquiry of the directors and other managernenl and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due lo fraud can be harder lo delecl than those that arise from error 05 they may involve deliberate concealment or eollusion. A further description of OUT responsibilities is available on the Financial Reporting Council's website at.. https'.11 .frC.org.uaud1IorSresp0n8ibil1Iie8. This description forms part of our audilorfs report. Use of our report This report is made solety to the charitable company's members, as a body, In accordance wlh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable company's member5 those matters we are required lo slate lo Iheffl in an auditor's port and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo 8nyone other than the charitable company and the charitable company's member5 as a body, for our audit work, for this report, or for the opinions we have formed. Kelr Slngleton (Senlor Statulory Audltorl For and on behalf of S&W Partners Audit Limited Dale". 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 EXPENDITUREACCOUNT) FOR THE YEAR ENDED 31 JANUARY2025 Total 2025 Totsl 2024 Notes Income Donations and legacies Income from charitable activities Income from trading activities Income from invgslments 83,429 1,025,330 614,129 30,991 90,177 1,034,378 611,647 30,056 Total Income 1,753,879 1.766,258 Expendituro Costs of raising funds.. Commercial trading operations 1539,015) 1522,0191 Expenditurn on charNl8ble activit$.. Operation of the Bekonscot Model Wllage Grants payable 11,069,515) 181,4081 11,012,941) 1106,3431 Total Expendlturg 11,689,938) 11,641,303) Net gain on investment 71,447 27,171 Net Incomlng resources 10 135,388 152,126 Unrestricl&d fund$ brought forward 1,395,403 1.243,277 Unrestricted funds Carried forward 17 1,530,791 1,395,403 The statement of financial activities contains all gains and losses recogni5ed in the year. The notes on pages 14- 23 form part of these financial Slalements. 10-
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) CONSOLIDATED BALANCE SHEET ASAT31 JANUARY2025 2025 2024 Notes Fixed assets Tangible assets Investments 12 14 354,618 811.096 378,943 635,690 1,165,714 1,012,633 Current assets SlopJ(s DebloTS Cash and cash equivalents 37.000 50,292 403,349 39,200 48,747 461,683 15 490,641 549,630 Credltors: amounts falllng due vAthln one yèar 16 1125,5641 1166,8601 Net current assets 365,077 382,770 Total assets le$$ current Ilabllltles 1,530,791 1.395,403 Unrestrlcted funds of the group: General funds Designated funds 17 17 1,328,791 202,000 1.053,403 342.000 Total unrastrict8d funds 1.530.791 1,395,403 The notes on pages 14- 23 form part of these financial stslemenls. For the year ended 31 January 2025 the exemption from audit under section 477 of the Companies Act 2006 wa$ not taken. The financial slalemenls have been prepared in accordance with thg provisions applicable to groups and ompani$s subject to the small companies, regime. The financial statements were approved by the board of 8re signed on Its behalf by.. slees and authorised for distribution on S June 2025 and nt• Prf]I Mark Callingham Trustee Peter Holgale Trustee
THE ROLAND CALLINGHAM FOUNDATION {A CHARITABLE COMPANY LIMITED BY GUARANTEE) CHARiff BALANCE SHEET AS AT 31 JANUARY2025 2025 2024 Notgs Flxed assets Tangible assets Investments 12 14 354,618 971,096 37S,943 795,690 1,325,714 1,172,633 Current assots Debtors Cash and cash equivalents 15 50.292 384,977 48,747 450,707 435,269 499,454 Creditors: amounts falllng due wlthln one year 16 1305,3061 1368,3121 Net current a$sgts 129.963 133,142 Total assets l•$s current liabilities 1,455.677 1,305.775 Unrestricted funds of the charity Gen8ral funds Designated fvnds 17 17 1,253,677 202,000 963,775 342,000 Total unrestrlctgd funds 1,455,677 1.305,775 The notes on pages 14- 23 form part of these finanaal stalemenls. Foi the year ended 31 January 2025 the exemption from audll under section 477 of the Companies Act 2006 was not taken. The finanual 8talemenls have been prepared in accordanee with the provisions applicable to groups and companies subject lo the sm311 companies, regime. The financial statements were approved by the board of I stegs and aulhorised for distribution on S June 2025 and are signed on rts behalf by.. Mark Callingham Trustee Peter Holgate Trustee Company Registration No. 09644387 12-
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) GROUP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY2025 2025 2024 Notes Cash flows from operatlng actlvltles Cash generated from operations 21 49.919 93,602 Investlng actlvltles PuTchase ol tangible fixed a5set5 Purchase of inveslmgnts Inte$1 received {35,2851 {103.9591 30,991 {168,5961 1103,3401 30,056 Nat cash usgd In Investlng actlvitles 1108,2531 1241,8801 Net decrease In cash and cash equivalents 158,3341 1148,2781 Cash and cash equivalents at beginning of year 461,683 609,961 Cash and cash oqulvalents at end of year 403,349 461,683 13-
THE ROLAND CALLINGHAM FOUNDATION {A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY2025 Accounting pollcles Company Infomiatlon The Roland Callingham Foundation I'lhe charity.) is a charitable company limilod by guarantee domicilod and incorporated in En9land and Wales. registered office is 14 Ledborough Lane. Beaconsfield. Buckinghamshire, HP9 2PZ. The group consist5 of The Roland Callin9ham Foundatron and ils wholly owned subsidiary Bekonscol Limited (Company Reg, 013383471. 1.1 Accountlng conventlon These financial statements have been prepared in accordance with the requirements of the Companies Act 2006 and the ChaT((ies Act 2011, "Accounting and Reporting by Charitie5. Statement ol Recommended Practice applicable to charities preparing account5 In accordance wlh the Financial Reporhng Standard applicable in the UK and Republic of Ir&land° C'FRS 102.1 second edition. and the UK Generally Accepted Accounting Practice as il applies from 1 January 2019. The charity is a public benefit entity for the purpose of FRS 102. The financial slalemenls are prepared in sterling. which is the functional currency ol the company. Monètary amounts in these financial statemènts are rounded to the nearest £. The financial slalemenls have been pfepared under the historical cost convention, modffied lo include certain financial instruments al fair value. The Principal accounting policie5 adopted are sel out below. After reviewing the company's forecasts, the Trustees have a reasonable expgctalion that the company has adequate resources to eonlinue operating for the foreseeable future and there are no material uncertainties about the charitable group's ability to continue as a going concem. The company therefore continues lo adopt the going concem basis in preparing these financial slalements. 1.2 Basls of con$olldation In the parent company financial stslements, the cost of a business combinatron is the fair value al the 8cquisilion date of the assets given and liabilities incurred, plus St$ directly attributable lo the business combination. Investments in subsidiaries are accounted for al cost less impairment The group finan¢ial statements incorporate those of The Roland Callingham Foundatron and of its Subsidiary li.e. the entity the group ctrOlS through its power lo govem the financial and operating poliaes so as lo obtain economic benefflsl. All financial statements are made up lo the year-end. All inlra-group transactions, balances and unrealised gains on transactions beeen group companies are eliminated on consolidation. Unrealised losse5 ale also eliminated unless the transaction provides evidence of an impairment of the asset transferred. 1.3 Tumover Voluntary income is received by way of donaligns and is included in full in the Statement of Financial Aetivilles when there is legal ents'llement to the incorne, probability of receipt and amounts can be measured reliably. Grants received are recognised in the period when the activity supported by the giant lakes place. Income from charitable adivities preSentS net entrance fees and lees from filming and marketing on the Bekonseol sile. and is shown nel of VAT. Revenue for entrance faes is recognised when the customer enters the Bekonscol Model Village slte. Income from trading adivities preSentS the receipts of the Irading subsidiary from sales of souvenirs, refreshments, light raiaY rides and amusements and are recognised when the significant risks and Tewards of ownership of the goods have been Iran$f9rred to the buyer. 14-
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 A¢¢ountlng pollcles Icontlnuedl 1.4 Resources expended ExpenditLJre is recognised once Ihefe is a legal or constrLtclive obligation lo make a payment lo a third party, il is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Costs of raising funds comprise the costs of commereial trading including the tearoom, souvenir Shop, light raiNYay rides and their associated support costs. Expenditure on charitable activities includes costs of operating the rnodel village and educational activities undertaken lo further the purposes of the charity and their associated support costs. Support costs are those functiOll5 that assist the work of the charity bul do not directly undertake charitable 8¢tivitses. Support costs incluote governance cos15 which support the charity's aclivilies. The bases on which support costs have been allocated are sel out in these notes. Grants are recognised when there is a commitment to pay. 1.5 Tanglble fixed assets Tangible fixed assets are initially measured al cost and subsequenlty measured at cost or valuation. net of depreciation and any impairment losses. Deprectalion is charged on a straight line basis over the followng number of year5, which is intended lo write down each asset to its eslimaled residual value over its expected useful lrfe.. Property improvements Plant and equipment Computers Motor vehicles Up lo 20 years straight line Up lo 8 years slraighl lin& Up lo 4 year5 slraighl line 4 years straight line The gain or loss arising on the disposal of an asset is determined as the difference belen the sale proceeds and the carrying value ol the asset, and is recognised in the slalement of financial activities. The property owned by the charity is stated at historic cost on the ground5 that it 15 8 lunctional asset held both by the charity and within the gfoup lo deliver a social benefit through the functioning of the model village which occupies the land, rather than lo generate an investment return. The element of cost which represents the land is not depreciated. Propety improvements are depreciated as outlined above. 1.6 Flxed asset inv•stm&nts Fixed asset Investments comprise the interest in the subsidiary and other investments. Other investments are measured at fair value through Pfofit or loss, except for those investments that are nol publicly traded and whose fair value Cannot otherwse be measured reliably. which are cOgnISed al cost less impairment until a reliable measure of fair value becomes available. The statement of financial activities includes the nel gains and losses arising on revaluation and disposals throughout the year. A subsidiary is an entity controlled by the charity. Control is the power to govem the financial and operating policie5 of the entity $0 as lo obtain benefits from its activities. The investment in the subsidiary is slated al Cost less any accumulated impairments to dale. The investments are assessed for impairment at each reporting dale and any impairment 15 recognised immediately in the stat8ment of financial activities. 1.7 Stocks Stocks are valued al the lower of cost and net realisable value. net gf VAT. 15-
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Accountlng pollcles (Continued) 1.8 Flnanclal Instruments The charity has elected lo apply the prowsions of Section 11 'Basic Financial Inslrumenls. to all of its financial instruments. Financial instruments ale recognised in the charity's balance sheet when the charty become5 party lo the conlraclual prc*visions ol the instrument. Basic financial assets Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, nel of transaction cost5 and are subsequently carried at amortised cost using the effective interest method, less any Provision for impairment. Basic financial Ilabllltles Short term creditors are measured al Iransadion price. Other financial liabilities, including bank loan5 and other loans, are measured initially al fair value. nel of transaction costs and are subsequgnlly carried at amortised cost using the effective Interest method. 1.9 Employee bentrflts The costs of short-lefm ernployee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in whith the employee's services are received. Tem)ination benefits are recognised immediately as an expense when the company is demonslr8bly committed lo teTminale the employment of an employee or to provide lerminalion benefits. 1.10 Retirement beneflts Payments to defined c¢ntribution retirement benefit schemes are charged as an expense as they fall due. 1.11 Leases Rentals payable under operating leases, induding any lease incentives received, are charged to profit or loss on a straight line basis over the lemi of the relevant lease except where another more systemabc basis is more representative of the lime pattern in which economic knefits from the leased asset are consumed. 1.12 Unrestrlcted funds Unrestricted funds comprise incoming resources re¢elvable for the objects of the Foundation without specified purposes and are available ag general funds. Wrthin unreslricled funds, designated funds are those funds that the Trustees have chosen lo set aside for specrfic projects. Designated funds may be moved back to general funds al the Trustees, sole discretion. Judgements and key soueS of estlmatlon uncertalnty In the application of the group's accounting policies. the Trustees are required lo make judgement5. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. Tho estimates and ass¢xiated assumptions are based on historical experience and other factors that are considered lo be Televanl. The Trustees are minrlful that regular revlew and r8vi$ion of forecasts will be required and actual resutts may dfftr from these estimates. The eslimales and undedying assumptions are reviewed on an ongoing basis. Revisions t¢ accounting estimates are recognised in the period in which the estimate is revised Whe the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and fvture periods. t6-
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Flnancial performance of the chailty The con501idaled statement of financial acty'vrties includes the su11$ of the tharity's wholly owned subsidiary which operates the commercial trading operations. The summary financial perfomian¢e of the charity alone is". Total 2025 Total 2024 Income Gift aid donation from subsidiary Income from inve5trnenls 1,157,243 89,628 30.991 1,174.234 117,582 30,056 1,277.862 1,321,872 Expenditure on charitable activities 11,199,407) {7,168.963) 78.455 152,909 Nel gainl{lossl on investment 71.447 27,171 Nel income 149,902 180,080 Total funds brought fotward 1,305,775 1,125,695 Total funds carried forward 1,455,677 1,305,T15 Income from donatlons and legacles Total 2025 Total 2024 Donations from visitors and assoualed Gift Aid Other donations 80,534 2.895 86,580 3,597 Totsl donations and legacies 83,429 90,177 Donations received are all unreslri¢led. Incomg from charltable actlvltles 2025 2024 Income from admissions and other related income 1.025.33Q 1,034,378 17-
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Income from trndlng actlv1119S The wholly owned trading subsidiary Bekonscol Limited (company number 013383471 is incorporated in England and Wales and dislribules all ils profits to the Foundation. Bekonscol Limited opeiates all commercial trading operations carried on at the Bekonscol Model Village. The summary financial perfofmance of the subsidiary alone is.. 2025 2024 Turnover Cost of sales and administration costs 614,129 1539,Cl751 611,647 {522,0191 Net profil Retained earnings brought forward Amount distributed lo the parent charity 75,114 89,628 {89,6281 89,628 117,582 {117,5821 Retained in ssjbssdiary 75,114 89,628 The assèts and liabilities of Iho subsidiary were.. 2025 2024 Current assets CurTenl liabilities 239,114 {4,0001 253,628 14,0001 Total net assets 235.114 249,628 Aggregate share capital and reserves 235,114 249.628 Operatlon of Bekonscot Model Vlllage Running of Education modgl vlllage Grant glvlng Total 2025 Total 2024 Notes Staff costs ActNities undertaken dire¢Uy Governance costs Other support cos15 592,015 371,072 9,053 57,007 24,230 13,044 1,541 617,786 384,116 9,053 58,560 594,187 355,298 8,736 54,720 1,553 1,029,147 38,827 1,541 1,069,515 1,012,941 18-
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Grants payablè Educatlon Arts, culture, & communlty R•llglon Total 2025 Total 2024 Grants payable to Church mY Grants payable lo other institutions 35,128 5,300 35,128 46.280 54,593 51,750 6,700 34,280 6,700 34,280 40,428 81,408 106,343 Analysls of governance and other support costs Support Governance costs co$ts 2026 2024 Basts of allocation Staff costs General olfice costs 45,360 13,200 45,360 14,503 42,720 13,386 Time spent Dired 1,303 Audit fees 7.750 7,750 7,350 Direct 58,560 9.053 67,613 63,456 10 Not Incomlng resource$ for the year 2025 2024 Nel incoming resources is slated after charging.. Depfecialion of owned tangible fixed assets Operating lease charges Audrt of the financial slalemenls of the group and company Audit of the financial slalements of the company's subsidiary 57,610 4,878 7,750 6,600 61,949 3,991 7,350 4,000 11 Employeos The average monthly number of staff members during the year for the group was.. 2025 Number 2024 Number Permanent staff Casual workers 18 30 32 Total staff members 48 49 19-
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 11 Employees Iconfjnuedl Their aggregate remunerolion MPrised.. Group 2025 Group 2024 Wdges and salaries Social security costs Pension costs 800,133 60,480 16,165 758,505 56,197 14,867 876,778 829,569 One staff member was remunerated between £80.000 £90,000 in the year {2024 - One staff member remunerated beeen £80,000- £90,000}. Pension costs comprise defined Contribution pension payments made on behalf of vaTiOUS members of staff. Key management personnel are considered lo be the Trustees of the Foundation and the Director$ of Bekonscot Limited. Total employee benefits in respect Of Ihe Managing Director, including pgnsion and national insurance conlribulions, amounted Ic> £87,529 12024 - £87,279). The Trustees and other Directors recewed no remuneration 12024 - Nil). Three Trustees were reimbursed travel expenditure in 2024125 at £1,290 {2023124 - three al £1,373). Employees are employed jointly by the Foundation and Bekonscol Limited. Bekonscot Limited bears the cost related lo staff limo spent on Bekons¢ol Limited adivilies. 12 Tangible fixed ass¢ts Group and Company Land and Plant and buildlngs machinery etc Total Cost At 1 February 2024 Addibons Disposals 342,964 8,153 291,479 27,132 {22.1831 634,443 35,285 122,1831 At 31 January 2025 351.117 296,428 647,545 Depreclatlon and Impalmient Al 1 February 2024 Depreciatron charged in the year Eliminated in respect of disposals 57,244 24,648 200,256 32,962 {22,1831 257,500 57,610 122,1831 At 31 January 2025 81,892 211,035 292,927 Carrying amount Al 31 January 2025 269,225 85,393 354,618 Al 31 January 2024 285,720 91,223 376,943 -20-
THE ROLAND CALLINGHAM FOUNDATION {A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 13 Sub$ldlarl8s Details of the ¢haTity's subsidiary at 31 January 2025 are as follows.. Narne of undertaking Reglst8r8d office Nature of business Class of shares hokl % Held Dirett Bel(onscot Limitsd Englantl and Wale$ Opera-on of trading activrties foi the Bekonscot Model Village and RaiaY Ordinary 100.00 14 Fixed asset investmgnts Group 2025 Charlty 2025 2024 2024 Investment in subsidiary 160,000 160,000 Other investments as al 1 February Other investments acquired Other investments divested Other investments revaluation 635,690 249.734 1145,775) 71,447 505,179 170,807 167,4871 27,171 835,690 249,734 1145,7751 71,447 505,179 170,807 IS7,467} 27,171 Other investments at 31 January 811,096 835,690 811,096 635,690 Total investments al 31 January 811,096 635.690 971,096 795.890 Flxed asset Investments revalued All other inve5trnenls are carried al their fair value. These investments are externally managed and are primarily invested in collective funds. The legal structure of these funds 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 listing. Other funds such as Unil Twsls and Op¢n Ended Investment Companies IOEICsl are prieed once per day. Fixed asset Investments at fair value comprise Group 2026 Charity 2025 2024 2024 Inveslmer*ls and unil trusts Fixed interest securities Property funds Alternative asset bJnds Cash held within the investment portfolio 525,982 167,183 13,838 86,241 17.872 373,228 144,578 24,186 73.361 20.337 525,962 167,183 13.838 86.241 17.872 373,228 144,578 24,186 73,361 20.337 811,096 635.690 811,096 635.690 21
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 15 Debtors Group 2025 Charlty 2025 2024 2024 Amounts falllng due wlthln ong year: Trade debtors VAT recoverable Other debtors 400 15,747 32,800 400 15.747 32.600 4.565 45.727 4,585 45,727 50.292 48,747 50,292 48,747 16 Credltors: amounts falllng duo wlthln one year Group 2025 Charlty 2025 2024 2024 Trade creditors Amounts owed lo group undertakings Taxation and social security Other creditors 42.668 61,309 42,668 183,742 17,034 61,862 61,309 203,452 14,959 86.592 17.034 65.862 14,959 90,592 125,564 166,860 305,306 366.312 17 Analysls of charltable funds At1 February Incoming Resources resources expended Net gain on invgstmfrnt A131 January Transfers Group {all unrestricted) General fund5 Desgnaled funds 1.053,403 1.753,879 11,689,938) 342.000 71,447 140,000 (140,0001 1,328,791 202,000 Total unrestricted nds 1,395.403 1,753,879 11.689,9381 71,447 1,530,791 At1 February Incorning Resources resources expended Net gain on investment A131 January Transfers Charlty {all unrgstrlct8d) General funds Designated funds 963,775 1.277,862 {1,199,4071 342,000 71,447 140,000 {140.0001 1,253.677 202,000 Total unrestricted funds 1,305.775 1,277.862 11,199,407) 71.447 1,455,677 Designated funds represent amounts $91 aside to finan major caplal projects including those planned bjt not yel committed. The Charity does not have any restricted funds. -22-
THE ROLAND CALLINGHAM FOUNDATION (A CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 18 Operatlng lease commltments Al the repo.ng dale the group had ou15tsnding commitments for future minimum lease payments under non- cancellable operatsng leases. as follows". Group 2025 Charlty 2025 2024 2024 thin one year Befvjeen and five years 4,044 5.175 2,041 4.044 5.175 2,041 9,219 2,041 9,219 2,041 19 Capital commitments At the year end the group had capital commftmenls of £7.16912024 - £nill. 20 Related party transa¢tlon$ Peter Holgale and James Archer are Trustees of the charity and also directors of Bekonscol Limited. During the year Bekonsctsl Limited made a distribution of £89,62812024 - £117,5821 lo the eharily and paid £48.484 for intercompany service5 12024 - £49,679). Al 31 January 2025, the Foundation owed Bekonscol Limited £183.742 {2024 - £203,452). During the period under review, the Trustees received no remuneration12024 - £nil). David Duckitt, a Trustee of the charity, Is invotved in the management of Church Amiy. During the year the charity commiited lo make a donation of £35,128 {2024 £54,593) lo Church Army. Al 31 January 2025 the charity owed Church Amy £35,128 12024 - £54.5931. Agreement5 with Church mY are approved by other Trustees and by other staff within Church Army lo avoid potential conflicts of interest. Two of the Managiro DiTeclor'$ children were employèd by the charity during the year. Their muneratIon was al the same level as other staff performing similar roles. 21 Cash generated from group operatlon$ 202S 2024 Profil for the year after lax 135.388 152,126 Adjustmènts for: Investment inwme Depreciation and impaimient of tangible fixed assets Other gain5 and lossgs 130.9911 57,610 171.4471 130,0561 61.949 127,1711 Movements in working capital- Decreasellincreasel in stocks Increase in debtors Decrease in creditors 2.200 11,5451 141,2961 14.2001 15,8501 153,1961 Cash generated from operations 49.919 93,602 -23-