R•gist•r•d numbgr. 09041095 (England and Wal•sl
Charity numbor: 1164583
THE MAX BARNEY FOUNDATION
(A Company Ilmited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

THE MAX BARNEY FOUNDATION
IA company limited by guarant•8)
CONTENTS
Page
Reference and admlnlytrativo d•tall8 of the Company? its Tru$tse8 and ad¥lser•
Trustees, report
Indopèndont audiior's rnport on th• financial statornonts
5tatsm•nt of financial activities
Balance sheet
10
ststement ot cash flow¥
Notes to the financial statements
12-20

THE MAX BARNEY FOUNDATION
(A company limlted by guararrt881
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MAY 2025
Trustees
A Bard
M H Goldsteln
G Ph￿lipS
Company rogistgrgd
number
09041095 (England and Wales)
Charlty r•gigtsr
numbor
1184583
Registorod offlea
168 ShO￿ditch High Street
London
E1 6HU
Independ•nt auditor
Cooper Parry Group Limited
Sky View
Argosy Road
East Midlands Airport
Castle Cknnlngton
Derby
DE74 2SA
Prlncipal bank•r8
Royal Bank of Scdand
Threadneedle Street
London
EC2R 8LA
Page 1

THE MAX BARNEY FOUNDATION
IA company limited by guaranteg)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MAY 2025
The trustees, who are aL80 dIre￿Or8 under company law, present thair r8POrt and financlal statements for the
year ended 31 May 2025.
The financial statsmenls 0)mply with the Charili8s Act 2011, the Cornpanies Act 2006, th8 Arbcles of
A$S￿latIOn and Accounting and Re￿￿n9 by Chanties.. St8t8menl of Rècomm8nded Pra￿1¢9 'SORP"
applicable lo charities preparing their acrajunts in accordance with the Flnancial Reporting Stsndard applicable in
the UK and Rewblic of Ireland IFRS 1021 effective 1 January 2019.
ObJ¢ctlv•s activltles
. ObJedlve8 and alms
Th& purpose5 for which tho charity is 8stablished are to provide relief for Unem￿0YMent through vocational
training and lob creation and othar general d￿ri￿bIe aclivili8s.
b. Publle b•naflt
The trustees hav8 had regard to the Charity Cornmission's guidancè on public benefit. The significant activities
undertaken to further the chariws purposès for Ihe public benellt and hence the det8118 of the issues the tharity
seeks lo tackle and the changes and differen￿ It seeks to make are included below.
Grantmaking poll¢y
The charity achievgs its otyeclives by maknng grants considered by the trustees.
d. Achlev•m•nt and perfornian¢e
Tha charty has wnllnued to bring in significant resourc&s during a drfficult period and hwce have distributed
over £2m to tharilies in support of its £*aritable obj8ctsv8S.
Financlal rovlow
a. Flnancial position
The charity recelved rjonalion inL>)m8 in the year of £800,22012024.. £1,590,594}, investmenl income of £34.286
{2024.. £73.8921, and In￿rred costs of generating funds of £13,57712024". £18.9641. Govemanc8 costs incutred
amounted lo £14.555 12024.. £13,434). Govemance and support costs are induded in the total charitatAe
expenditure shown in the Statement of Finanryal Activities "SOFA.. In the year the grants payable totslled
£2.187,66612024'. £2.360.2601. A breakdown of grants by charrtabl8 objedive is shown In the notes.
At 31 May 2025 th8 charity had nel assets of £2,096.48612024.' £3.476,8891 In unrestitled funds.
b. R•8orve8 pollcy
The reserv8s policy is to hold fiJnds lo fulfil future grant m8king opportunmles In support of ￿ charitable
oilectlves.
c. Futuro plans
The chartty hopes to ¢x)ntinue to expand its reach through grants and donation5.
Page 2

THE MAX BARNEY FOUNDATION
IA company 11mlt￿ by guarantea)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MAY 2025
Stru¢tUrn. govemanc• and manag•m8nt
. Gowrnlng document
The charity is ojnlrollad by its goveming document. a dggd of trust, and constitutes & Ilmited company. lirnited by
guarante8. as defined by the Companies Act 2006.
Ik Inductlon and tralnlng of new trustees
There are no plans lo recxuit 8ddilicffial trustees at present.
Once new trustees join the tx)ard we do not necessarfly provKle forni81 training. They are advised of a trustaa's
dulles and reS￿nsIbIlitieS 8$ tsJ￿1ned in tha Charity Commbssion website.
e. Structure, gDvomance and managwnont
All of the dir8ciors 8r8 members of the company and guarantee to contdbute no more than £1 in the event of a
windirwJ up. The organisation of the charity wrrenuy comprises a Board of Directorstfnjstees who meet on
average aach quarter to consider and plan grant making and any other matters relating to the charity- Tha power
of appoinlng new trustees is vestad in th8 Board.
stst•mont of Trustees. r•spon$ibili11o1
The Trust8es (who are also the directors of th8 Company for the purposes of comp8ny18wI are responsible for
preparing lh8 Trustees, report and the financial statements in accord8nte with applicable law and United
Kingdom Accounting Stsndards (United Kingdom G8nar81ty Accep18d Accounting Pr8Ct%cel.
Company law requires the Trustges io prepare financial statements for each financial . Under company L3w, Ihe
Trustees must not 4pprove the financial ststements unless they are satisfièd that they give a true and fair view of
the stale of affairs of the Company and of its incoming resources and application of resources. including its
income and expenditure, ￿ thal period. In preparing these finan¢i81 statements, the Trustee5 are required to..
select suitable aceounting policies and then apply them consistently.
obsèrve Ihe methods and principles ofthe Charities SORP IFRS 1021.,
make iudgments and accounting 8Stimale5 that are reasonatAe and prudent,.
stale whether ap￿Icabl￿ UK Accounting Standards IFRS 1021 have been followed, subj8cl to any material
departuras d￿￿oSed and explalned in the financial stslements.,
prepare Ihe financlal stalèrnents on the goirw concom bas15 unless it is Inappropriate to prnsume that the
Company wll continue in busines5.
The Trusle8s are responsible for keeping adequate accounting records that are sufficient tr) show and explain
the Companws Iransa¢lions and disclose wth reasonabl8 a(*uracy at any time the financial posil'on of th8
Company and enatle thom to ensure that the financial statements comply with the Companies Acl 2CKJ6. They
are also responsible for safeguarillng the assets of the Company and he￿8 for taking reasonable stèps for the
preventbon and detection of fraud and other irregularfUes.
018Glo8ure of inforniatlon to auditor
In so far a$ the Iruslees are awarg..
there 18 no relevant audil infom)alion of which the charitabl8 companrfs aL￿110r is un8ware. and
the trustees have t8ken all steps ihal they ought to have taken lo maka themselves oware of any rdevanl
oudil information and to establish that the auditor5 are aware of that inform8ti0n.
Pagg 3

THE MAX 8ARNEY FOUNDATION
IA company limlted by guarantsel
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
Auditgr
The auditor, Cooper Parry Group Limited. has indicated their willingnass lo continue in Offi￿ and thelr
r8appoinlrnenl wll be proposed at the fOrth￿ming Annual General Meab"ng.
Approved by ordgr of the memb8rs of the board of Trustees and signed on thair ￿half by..
GPh
Trustee
Date..
Il lo &>
Pag8 4

THE MAX BARNEY FOUNDATION
(A company Ilmit•d by guarants•)
INDEPENDENT AUDITOR'S REPORT TO THE ME•ABERS OF THE MAX BARNEY FOUNDATION
Opinion
We have audited the financial statements of The Max 8amey Foundation Ithe'chariiable companll for the y8ar
ended 31 May 2025 which comprisè the Stalèmèftl of financial activities. the Balance sheet, the Statement of
Cash flows and the rdatad notes. induding a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation Is applicable law and United Kingdom Accounting
standards. Including Financial R8Ptsrting Standard 102 'The Flnancial Reportlng Stand&r<J 8pplicabla in the UK
arKI Rowbllc of Irdand, (United Kingdom Generally ArLepted kcounling Practical.
In our opinion the financial Statements:
give a true aThJ fair Mew of the stale of the charitable companrfs affairs as at 31 May 2025 and ol tL%
incoming resources and application of r0sourc6s, includirrfJ its income and expenditur8 for th8 year then
anded..
have been properfy p￿pared in accord8nce wrth United Kingdom Generally Accepted A¢Munling
Practice; and
have been p￿Pared in accordance wth the requirements ofthe Companles Act 2006.
8asis for oplnlon
We conducted our audit in accordanc8 with Inlernatk)nal Slandards on Auditing IUKI IISAS IUKII and applicablé
law. Our re5ponsitilliues under those standards are further dèscribed in the Auditorfs responsibilities for the audit
of the financial statements section of ¢yJr report. We are indepèndent of th8 tharilaNg company in aC￿r￿anl
wllh the ethitAI requirèm8nts that are relevant lo our audit of the financkil statèments in the United Kingdom,
including the Financial Reporh"rrfJ Counol's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. Wa btrI￿e that the audil QVKlence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conduslons relallng to gèing ¢oncern
In auditing financial ststements, we have conduded that the Trustees. use of the g￿n9 concem bass of
accounting in the proparab'on of the financial stslefflenis ￿ appropriate.
Based on the work we have perfornied. we have not identthed any material uncertainties relating to events or
conditions that. individually or cdleclively. may cast signffjcant doubt on the charitable companls ability lo
continue as a going concern for a period of at least tsvelve months from when the financial statements arg
authorised for issue.
Our ￿spOnSIbl1￿cleS and the responsibilits'es of th8 TTU8tees ￿th respect lo gcing C￿Corn arg ¢Jescribed in the
relevant seclions of this report.
Page 5

THE MAX BARNEY FOUNDATION
{A ¢ompany limlt•d by guarantee)
INDEPENDENT AVDITOR'S REPORT TO THE MEMBERS OF THE MAX BARNEY FOVNDATION
ICONTINUEDI
other Inforn)ation
The other Inf(￿a￿on comprises the information included in thè Annual report other than Ihe financial slalements
and our Audilc¢s rgport Iherecfi. The Truslaos are responsible for the other informth'on ccfitsined wthin Ihe
Annual report.
Our oF4nlon on the ffin8ncial statements does Th)t cov8r the other information and, exc8Pt to the extant othgjwise
explioly stsled in our r8port, we do not 8xpres5 any form of assurance conduslon thereon.
Our respx)nsibility is lo read the olher inforniaUon and. in doing so. consider whether the other infonnatK)n is
materially inconsistent with the finanoal statemgnts or our knowledge obtained in the course of th8 audit. or
otherwise appears lo be materially misstated. If we identify such malerHI inconsistsncies or app8￿nI material
m6slatements. we are required lo determine whether this gives rise to a material misstatement in the financAal
statements themselves. If, basèd on the work we have performed, wo ￿ndUde Ihot there is a matsrial
misstatement of this oth¢r information. we a￿ required lo report that fact.
Wa have nolhlng to report in th18 regard.
Matters on whlch we aro roquired to rèport by exe•ption
In the light of our kno￿￿ge and und8rstanding of the charitable company and ils envin)nm8nt obtained in the
course of th8 audit. we have not identified material misstat8fflents in the Directors, R@porL
We have nolhing to report in respect of the followlrKJ matters where the Companies Act 2W6 requires us to
repcfl to you rf. in our opnion:
th8 information given in the TnJstee8' report is Inconsistent in any material respect wlh the financial
statements." or
sufficient accounting records have not bèen kept,. or
th8 financial statements are not in agreÈmenl with th8 a￿oUntr.ng records and wtums.. or
we have not ￿CeIVed all Ihe information and axplanations we require k* our audit
R•sponsibilltl•s of trusts
As exF4ained mora fully in the Trustees, ￿SpOnsibl1￿&S $t8lement, tho Truslees (who are also the dlrectors of Ihe
charttabl8 company for the purposas of Company law} are reswn$ible for the preparation of the financial
stalernenls and for being salbsfied that Ihey ￿￿e a true and falr view, and fc* such intemal Gonlrol as Ihe
Trustees detemsne is nec8ss8ry to enable the preparallon of financial stslements that are fra8 from mat8ri
misstal&men( whether due to fraud or err￿.
In prepariw thg financial statements. the TNstees are responsible for assessing thè charitable companrfs th14ty
to contsnue as a going concem. disclosing. as applicable, matters relatsd to going Concern and using Ihe gclng
COn￿M basis of accounting unless the Truste8s either intend to liquidate the charitsble company or to ceaso
operations. or have no realistic 8llernalive but to do so.
Page 6

THE MAX BARNEY FOUNDATION
(A company limited by guarantee)
INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF THE MAX BARNEY FOUNDATION
(CONTINUED)
Auditoes ro8ponslbSlltle8 for the audit of the flnanclal SL￿￿Onts
Our objectives are to obtsln reasonable assurance about whether the finanual statements as a af? free
from material misstatement, whether due to fraud or error, and to issue an Auditorfs report Ihat includes our
opinion. Reason8ble assuran￿ is a high ￿Ve1 of assurance, but 15 not a guaranteè that an audit conducted in
accordan￿ with ISAS IUKI wlll always delecl a material misststernenl when ft exists. Misstatements Can arise
from fraud or error and Ore consider8(J material rf. individually or in the aggregate, they could reasonably ba
expe¢ted lo Inlluonce the economic declsions of us8rs taken on the basis of these fin8nclal stat8monts.
1rregularf￿e5. Includlng fraud, are InStan￿S of non-compllance with laws and r8gulalions. We design Procedures
in line wth our rosponsibiliti8s, oudined above, to detect material misstatements in resp8Ct of Ir￿ulaTi￿.es,
induding fraud.
The extent to whlch our proc8dures a￿ capable of detecting irregularities, induding fraud is detailed below.
Our a35essrnenl focused on key laws and regulations the charftabla comp8ny has to comply wlh and areas of
the finandal ststemenls we assessed as being more susceptible to misstatement. These key laws and
regulations Includecl bul wère not limited to complianeè wfth the Companies Act 2006. Chartties Act 2011,
Charities (Protection and Social Inv8Stmentl Act 2016, taxatk)n leglslallon, data protection, anti-bribery and
employrnenl 18gislalion. We are nol responsi￿e for preventing irr8gularitias, induding fraud. Our approach tr)
detecting irr8gularities, including fraud, includ8d. but was not limited to, the following..
-obtaining an understanding of the lagal and regulatory framework applicable to the charitable company and how
tho Charitable company is complwng with that framework, including agreemgnl ol financial st8temenl disclosures
to undertying ￿￿umentst10n and other evidence..
-obtaining an underslandlng of the charltable wmpany's contrd onvironmenl and h<)w the charilatle Gomp8ny
has applied relevant control procadures, throu9h discussions with Trustees and other management and by
performing w8lkthrough testh'ng over key areas,.
-obtaining an understanding of the charitable company's risk assessment proc&88. includir¥J the risk of fraud:
-revbwing meeting minutes of those charged Mth govemance throughout th• ygar,. an
-perfomiSng audll tesb.ng to address the risk of management ovemde of controls, induding testing Joumal en￿eS
and other adjustments lor apKYopriateness, evaluating thg buslngss rationale ol significant transact￿nS outslde
the norn￿1 course of business and reviewing accLJunling 8stimat8s lor bias
Whilst considerirwJ how our audit work addressed the det8thon of irregularities. we also eonsidered the likelihood
of d$tectK)n of fraud based on our approath. IrregLAarilies arising from fr8ud are inherently more difficult
detect than those arising frcffi error.
Because of the inherent Ilmttatlons of an audiL ihere is a risk that we VAII net delecl all irregulBrities, in¢luding
those leading to a materfal mlsstatomont In the financial statem8nts or non-¢￿mE41a￿ca wilh regulation. This rf$k
Incre8ses the more that complianc• wrfh a law or regulation is removgd from the events and transactions
refflected In the financol statements, as we will be less likely lo become awartr tjf instsnces ol Th)n-compliance.
The risk 18 also greater regarding irre9ularities occurring due lo fraud rather than èrrtjr, a5 fraud invol¥8s
inlgnb'onal concealmant, forg8ry, collus￿n. omisson or mi8representalic￿.
A further description of our responsibilities for the audf( of the financial ststgrnents 15 located on tho Financial
Re￿￿"ng Council's website at.. www.fr¢.or .uklaud((or81es onsibilities. This de8cnption forms part of our
Audilorfs report.
Pag$ 7

THE MAX BARNEY FOUNDATION
{A company Ilmited by guaranteo
INDEPENDENT AUDITOR'S REPORT TO THE MEM8ERS OF THE MAX BARNEY FOUNDATION
(CONTINUED)
U¥0 of our report
This report is made solely to the charitable ￿mpan￿S trustees, as a b¢xly. in accordan￿ with Chapt8r 3 of Part
16 01 the Companies Act 2006. Our audit work has been undertaken so Ihat we might state to Ihe charitable
companV$ trustees those matters we are required lo state to th8m in an Audttofs Trport and for no other
purpose. To th6 fullest extent pemitted by18w, we do not accept or assume responsibility to anyone other than
Ihe charitable company and its mambers, as o tthy, for our audll work, for this report, or for the opinions we
have fomied.
Glen Bott (Senior Statutory Auditor)
for and on behelff of
Coop•r Pary Group Llmltgd
Sky View
Argosy Road
East Midlands Alrport
Castl8 Donington
Derby
DE74 2SA
Date.. 16 December 2025
Pago 8

THE MAX BARNEY FOUNDATION
IA company limited by guaranteel
STATEPIENT OF FINANCIAL ACTIVITIES IINCORPORAT114G INCOME AND EXPENDrruRE ACCOUNT)
FOR THE YEAR ENDED 31 MAY 2025
Total
funds
2025
Tot•1
funds
2024
Incomg from:
Donabons and lega￿e8
Inveslments
8CK),220
34.286
1,590.594
73.892
Total incom•
834,506
1,664.486
Exp•nditur• on:
charitsb￿ activities
Other
2,185,454
28.132
2.365.115
32,398
Total •xpendlturn
2.213,586
2,397,513
Net expendlture beforn net loss•$ on investments
Impairment
{1.379,0801
11,3231
1733.0271
{2,0781
10
N•t movem8nt In funds
11.380,403)
1735.1051
R•conclli•tlork ol funds=
Total funds brought forward
Net movement in fun¢Js
3,476,889
{1,380,4031
4,211,994
(735,1051
Total unre•trictod funds ¢aTrlgd foThiard
2.096,486
3,478,889
Th? Statement of financial activities includes all 9ains 8nd losses recognis9d in th8 ￿ar.
Page 9

THE MAX BARNEY FOUNDATION
IA cornpany Ilmlted by guarantee)
REGISTERED NUMBER.. 09041095 (England and W4104)
BALANCE SHEET
AS AT 31 MAY 2025
2025
2024
Not•
Fixed ass•ts
Invgstsments
10
15,675
16,998
15.675
16,998
Curront assets
Debtors
Cash al bank and in hand
795,299
1,434.955
949.406
2,617,420
15
2,230,254
3,566.826
Currnnt Ilabllttie•
Creditor5= amounts falling due within on8
yèar
12
1149.4431
111%,9351
Net curront assgts
2,OBO.811
3.459,891
Total n8t asaets
2.096,486
3,476,889
Charlty funds
Un￿StriCted funds
13
2,096.486
3.476,889
Total funds
2,096,486
3.476,889
The Trustèès acknowledge their responsibilities for cOmpl￿ng hwth Ihe requirements of the Compar)ies Act 2006
with respect to ac¢ounting records and preparation of financial statements.
The financial slalements havo been preparèd in acty)rd8nce wilh the prov7slons appllcable lo entities subj8d to
the sThall cornpanies regime.
The financlal statements were approved and authorised for issue by the TnJslee$ and $igned on their behalf by.
st881
D8te.. li
Tho notes on pages 12 10 20 part of these financial $iatements.
Paga 10

THE MAX BARNEY FOUNDATION
IA company limltsd by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY 2025
2025
2024
Note
Cash flow9 from operating actlvities
Nat cash used in operating activities
14
11.092.825) {347,3871
Ca¥h flows from inv•stlng activitl
Loans receivabl•
Loans issued
Interest receive(I
84,876
47,293
1208,802) 1244,5001
34,286
73,892
Not rash used in Investlng actfvttl•8
189,6401
1123.3091
Chango In ¢a8h and ca¥h •quivalents In thè year
Cash and cash equlvalents at the boginnlng of the year
(1,182.4651 1470,6961
2,617,420
3.088.116
Cash and cash equlvalgnts at the end of th• yoar
15
1,434,955
2.617,420
P8ge11

THE MAX BARNEY FOUNDATION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Accountlng poll¢l•s
1.1 Basis of preparation of flnancial statements
The ffinanc¢al statemènts of the charitable company, whith is a public benefit entity under FRS 102.
have been prepared in accordancè with the Charities SORP {FRS 1021'AcmJnting and R8porting by
Charrties.. Statément of Recommended Pradicg applicable lo chaTilias preparing their accounts in
accordance with th8 Financ4al Rèporting Stsndafd applicable In the UK and Republic of Ireland {FRS
1021 leffectiv8 1 Januory 20191., Flnancial Reporting Standard 102'The Financial R8porUng Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2CKJ6. The financial statèments
have been prepared under the histodcal cost convention, with the exceplion of investments which are
included ot markat valu8, as molified by the ièvaluation of certain assets.
1.2 Summary of $lgnlflcant accountlng policies and kèy a¢¢ountiTrg astlm•t•$
Th8 prin¢ip81 accounting policie5 appligd in the preparation of these ffnancjal statements are sel out
below.These poliues have bè8n consis18nUy appli8d lo all the years pr8senled, unle&8 otherw5e
staled.
1.3 Incom•
l income is recognisèd once the Chalrty has entitlement to the income, it is probable that the
income will be recelved and the amount of income rec&ivable can be measured reliably.
1.4 Expendltur•
Liabilities are recognised as expenditu￿ as soon as there is 8 legal or constructive oblKJation
committing the charity to that expendilure. il is probable Ihat a transfer of eeonomic benefits will be
required in settlement and the amount of the obligab.on can be measured reliably. Expenditure is
accounted for on an accruals b8SiS and has been classified under headings that aggregate all cost
related lo the category. Where costs cannot be direcuy atlributed to particular headings they have
been allocated to actIvI￿OS on a basis conslstenl wth the use of rgsources
Grants off?red subject to condllons which have not b8en met al tho end date ar& rtt)ted as
commitment but not accrued as expendibjre.
1.5 Charitable aGtlvltl•s
Charitable expenditure ¢ornprises thos8 costs incurred by the charty in the delivery of its activibes
and seNc8s for its beneficlarles.11 indudes both costs that can ba all¢)cated directly to such 8th'vities
and those costs of an indirect nature necessary to support them.
1.6 Governane•
Thes8 indu¢Je the costs attributable to the charitys compliance constitutional and statutory
r8quirement5, induding audit, strategic managernent and trustee's meetings and reimburs8d
expenses.
1.7 Taxallon
The charity 1$ gxempt from cOrprya￿0n tax on ils charitable activili6S.
Page 12

THE MAX BARNEY FOUNDATION
IA company limited by guarantetl
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Accounting pollclgs {¢onlinued
1.8 Fund accounting
Unrestricted funds can be usod in a¢cordance with the charitsble objectives at the discretion of the
Iru3tees.
Restrlctgd funds can only be us8d for partlcular mslricted purposes ￿thin the objects of th8 ¢harily.
Restrictions arise when speThfied by the donor or when funds are rals8(J for particular restri¢led
purpos88.
Al th8 current limo the charity does not operate any restricted funds.
1.9 For•lgn currencies
Assets and liablllb.es in foreign currencies are translated into sterling 8t the r8tes of exchange wling
al th8 balan￿ sheat data. Transactions in foreign currgncies are translated into sterling al the rate of
exchange ruling at the date of Iransactson. Exchange diff8renc85 are taken into a¢¢ount in arriving at
the operating resulL
1.10 Donation$
Donations are recogniged when the charty has been notifi'ed in writing of both the amount 8rKI
s&thement date. In the event that a donatson is subject lo conditsons that requ1￿ a Jevel of
perfomiance by the charity b6for8 the charity is entitled to the funds, the income is Jeferred and not
recognised until either those cond￿OnS are fijlly mel. or th8 fulfilmenl of those condilk)ns is wholly
wf(hin the control of the charfty it is probable that these conditions will be fU￿illed in the reFK)rbng
p8ri0d.
1.11 Cash and ¢ash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits. other short-lerm h￿hlY
liquid inve$trnen15 that arg readily converbble to a known amount of cash antj are subject to an
insignifie4nt rlsk of change in value.
1.12 DebtOTS
Debtors are recwised at their recoverable amounts at the balance sheet dale.
1.13 Tradg Cr•dit¢r$
Trade Creditors Bre obligations lo pay for good$ or services that have been acquired in the ordinary
cours6 of business from suppllers. Accounts payablé a￿ dassrfied as current liabilities if the d)arity
do05 not have an unconditlonal right, al the of the re￿rtIng permxl. to defer setmement of tho
cr8ditor for al least dvdve months after the reporting date. If there is an unconditional right lo defer
setUemÈnt for al least fvMlv8 months after the reporfing ¢Jate, they are presented a9 non-current
15abililies.
Trade creditors are rgcthanised fftilially at the tran8aclion pric& and subsequently measured at
8morti$ed cost.
1.14 Invgstmonts
Listed in￿stM￿nts are measurgd at cost less any accumulaled Impaiment losses.
Page 13

THE MAX BARNEY FOUNDATION
(A c<Mnpany limited by guarantsg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Accountlng policles Icontlnued
1.15 Flnanclal Instruments
The charity only entars into basic finanual instrumen18 transactions that ￿sUIt in the recognI￿on of
financial assets and liabilities like trade and other debtors and creditors and loans from third port*s.
Financial assets that are me8sured at cost and 8mortl$ed cost are assessad al the end of each
reporting period for oblecUv8 8vid8nce of impaim)ent. If objedve evidence of impairn)ent is foLJnd, an
imp8irm8nt b55 15 recognised in tha Sta¢emenl of Financial ActIV￿O8.
Financial assets that are measur&J al fair value are valued based on valuab'ons obtaingd al the year
end. The fair valu¢ of the cash has been de18rmined with referellce lo the bank statements and
reconciling itsms at the year end.
1.16Golng concern
The trustees have considered the appropriataness of adopting the golng concern basts in prepariThJ
the financral statements for the year ended 31 May 2025.
Tha trust885 have, at the time of approving the financial ststements. a reasonable expectation that
the chaity has adequate resources to continue in operdtional existsn¢e for tho foreseeable fuiure,
and Ih8refore. they continue to adopt the going concern basis of accounting in the financial
statements.
1.17 Critl¢al accountlng Judgements and kry soure•s af e$timation unc•rtalnty
In tho applicab'on of the accounting pollcies, the trustees are require(I lo make judgements. estimates
and assumptions al)oul the ca￿r￿j amount of assets and liabilities that are not rèadily apparent from
other sources.
The estimates and assumpb.ons are based on experien￿ and other lactors that are considered to tre
rèl8V8nt. As such actual results may differ from these estimates which are r￿v￿Wed on an oro(ir¥J
bass and recognised when appropriate.
The critical judgem8nt1hat the trustees have made in the process of applw'ng the charitls accounb'ng
policies that hav8 the most significant effect on Ihe 8mounts recLxJnis8d in the stalulory financial
slalements are discussed below..
A5ses5in
indicators and im
In assessing whether thère have been any Indlcators or impaimient of 8S5ets, the trustees have
considered both 8Xt8mal and inlemal sourcos of Information 8uch as market condillons, counterparty
credit ratings and experSonc8 or recoverabillty- The only imp8irment during the currgnl financtal year
was on the investment I￿• note 101.
K8
sources of estimation un
Due to tho straight forward natur8 of the charitys actIv￿es, Ihe truslaas do not bolieve that there are
any estimation uncertalniys that have a significant risk of causing a material adjustment to the
carrying amounts of assets and Ilabilities within the next financlal year
Page 14

THE MAX BARNEY FOUNDATION
IA c4Mhpany limltsd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Income from donations andlogaci
Total
fundB
2025
Total
funds
2024
Don8tiDns
Gift aid
740,176
60.044
1,272.475
318,119
800.220
1.590,594
Invostment incom•
Total
fund$
2025
TOLIJ
funds
2024
Interest received
34,286
73,892
Grants payable
Total
fund$
2025
Total
funds
2024
Relief of unemployment through vocational training
Relief of unemployment thrDU9h job uealion
Generdl tharitabl8 causes
1.961.416
166.000
60.250
2.040.729
202.016
117,515
2.187,666
2,360,260
All significant grants payabl8 weie made lo institulions. Material grants payable lo institutions during the
period aio as follows..
Page 15

THE MAX BARNEY FOUNDATION
{A company limiled by guarant991
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Grants payable (Continued)
2025
2024
Name of instituilon
American Jewish Joint Distribution Committee IUKI Trust
Frienés of the Barzilair Mèdic81 Cenler Inc
L8niado Hospital
The Work Avenue Foundation
Ariel Unlversity
Hoallh Cortx)ration of th8 Tel Aviv Medical Centre
Friends of Bnai Zion Medical Center
Frfends of Sheba Medical Cenler Tel Hashomer
The Shamir Friends Association
Friends of Edith Wolfson Centre
164,082
161.396
157,222
93,(X)O
217.470
308,510
122.330
105,675
194,43S
426.162
546,941
264,829
188,653
1(￿,000
86.335
293,854
60,801
78,551
186,114
248,683
1.950,282
2.052.761
Other grants lo institutions
237,384
307,499
2.187.666
2,360,260
Charltabl• •ctl¥ltles costs
Grant
fundlng of
a¢tSvltles
2025
Totsl
funds
2025
Total
fund$
2024
Dlr•ct Costs
2025
Relief of unemptoyment through vocational
training
R8lief of un8mploymenl through job ueation
General charitabl& causes
1,961.416
166,000
60,250
1.961,416
166,(XY)
58.038
2.040,729
202.016
122,370
12,2121
12,2121 2,187,666
2,185,454
2,365,115
Page 16

THE MAX 8ARNEY FOUNDATION
(A c(wnpany Ilmltod by guarant¢•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Other expenditure
Manag•m•nt Governanc•
2025
2025
lunds
2025
Olhgr re5wrces expended
13,577
14,555
28,132
Total 2024
18.964
13,434
32,398
Net incomel{•xpnditure)
Net incc#nellexp8nditurel is slated after chargingllcredllSngl:
2025
2024
Audf(orfs remunerath)n
14.250
13.404
Tru$tees' ramuneratlon and benefits
Other than Iruslee's expenses paid thèr8 were no tTUStees' remuneratlon or Other benefits for the year
ended 31 May 2025 nor for lh8 year 8nd8d 31 hAay 2024.
TTUSteo8' expens8s
During the year a trustee incurred expenses of £7.62912024.. £8,720) ￿rryirrfj out activities in support of
the ¢harity.
There were no other trust8&8' expenses paid for the year end￿1 31 May 2025 and no other tnjstees,
expense5 for the year 8nd8d 31 May 2024.
Staff costs
The￿ were no staff cosls for the year ended 31 May 2025 nty for the year endgd 31 May 2024.
The averdge monthly number of employees durir#J the year byds NIL {2024- NIL).
No employees received emoluments in ex￿$$ of £60.(Y)O.
Paga 17

THE MAX BARNEY FOUNDATION
IA company limltod by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YeAR EMDED 31 MAY 2025
10. Flxed asset investm•nts
Unllst
Inv•6tsnerrts
Cost or valuation
At l June 2024
Impaimient
16,998
11,3231
At 31 May 2025
15,675
Net book valu•
At 31 May 2025
15.675
At 31 May 2024
16.998
11. Debtors
2025
2024
Due within on• year
Other debtors
Amounts recoverabl8 on contract
69.453
725,846
307,036
642,370
795,299
949.406
The amounts recoverable on contract r•lat• to historic financiThJ 8xtended lo Institutions that undertake
activities in lintr with the charws charita1￿8 0￿.￿ctiVes. RepayTnent of th8 receivable is expected ￿ be
rully repaid by August 2030.
Page 18

THE MAX BARNEY FOUNDATION
(A Company Ilmltod by guaranteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 P•lAY 2025
12. Creditors: Amounts falling due within one yur
2023
2024
Other crgditors
Accruals and deferred incx•me
135.193
14.250
88,375
18,560
149,443
1[￿,935
11 Statement of fvnds
Statom•nt of funds- curront year
Balance at 1
June 2024
Gainsl Balance at
(Loss¢$l 31 May 2025
Income Expèndlture
Unrgstrlctod funds
G8n&ral fund
3,476,889
834,￿￿ 12,213,586)
11,3231 2,096.486
stat•ment of fund8- prior yèar
Balanca at
1 June 2023
Gains1 Balan¢¥ at
{Lossesl 31 May 2024
Income Expèndlture
Unr9$tTlctgd funds
General Funds
4,211,994
1,e64,466 12.397,5131
12,078} 3,476,889
14. Recottciliation of ngt movgm•nt in fund8 to net cash flow from oporatlng actlvltlos
2025
2024
Net expenditure for the year las p8r Stat8m8nt of Fin8nci81 Actimtiesl
(1.380,4031
1735,1051
Adjustments f¢r:
Losses on Investments
Interest received
Decrease in debtors
Increaselldecreasel in creditors
1,323
134,286)
278.034
42,507
2,078
173,892)
521,798
162,266
Net cash used In op¢rating activities
11,092,825) {347,3871
Page 19

ThE MAX BARNEY FOUNDATION
{A COm￿nY limii&d by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MAY 2025
15. Analy818 of cash and cash equivalents
2025
2024
Cash al bank and in harKI
1,434,955
2.617,420
Total cash and cash ¢qui¥al•nts
1,434,955
2,617.420
16. Analysls of changos In net funds
At 1 June
2024
AI 31 MAY
2025
Cash flows
Cash at bank and in hand
2.617.420 (1.182.465)
1.434.955
2,617,420 {1,182,4651
1,434,955
17. Relatsd party di$¢lo$uros
Donations amounts'ng to £218,00812024.. £256,050) re￿ived in the ypar were from trustees.
During the year the foundation made a donation of £7,1100 {2024.' £14.syJI to the London School of
Jewsh Slu¢Jies which is 8 r8laled paty through Gary Phillips and £10,500 12024.. £17,000) lo Unitsd
Synawgue whith is relat8d by Mitha81 Goldstein.
Page 20