2025-07-18-accounts

Trustees’ Annual Report for the period

From 19[th] July 2024 To 18th July 2025

Charity name: The 4 Better Foundation Charity registration number: 1168858

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To hold the capital and income upon trust to apply the income and all or such parts of the capital at such time or times and in such a manner to or for the benefit of such exclusively charitable objects and purposes in any part of the world as the Trustees may in their absolute discretion think fit.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	In furtherance of the charity’s objects for the public benefit the trustees provide grants.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Policy on grant making Para 1.38 Policy on social investment Para 1.38 including program related investment Contribution made by Para 1.38 volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the year under review the charity made a grant payment to The Prince’s Trust totalling £62,500.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	In addition to the free reserves the charity has bank balances of £71,923 (2024: £18,106) and investments valued at £918,682 within the expendable endowment fund which can be released to support the activities of the charity.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks.
Amount of reserves held	Para 1.22	At the end of the reporting period the charity had free reserves of £2,257 (2024: £27,005).
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	No funds in deficit
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other		Expendable endowment funds are those which are required to be invested to produce income, but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document	Para 1.25	Trust deed dated 19thJuly 2016
How is the charity constituted?	Para 1.25	Trust
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are appointed by the trustees from time to time.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51	No trustee received any remuneration or was reimbursed for any expenses in the year under review. Ludlow Trust Company Ltd was paid £8,216 (2024: £7,948) for trust administration and cash management fees during the year under review. These fees are authorised under clause 6 of the trust deed.
Other

Reference and Administrative details

Charity name	The 4 Better Foundation
Other name the charity uses
Registered charity number	1168858
Charity’s principal address	Ludlow Trust Co Limited, Tower Wharf, Cheese Lane, Bristol, BS2 0JJ

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Office (if any)	Dates acted if not for whole year	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
Ludlow Trust CompanyLimited
Joanna Chin
Philip Chin
Corporate trustees–names of the directors at the date the report was approved
Director name
Gary St John Collins
Duncan Walter Coxon
Ali Reza Sarikhani
Ziba Christina Sakine Sarikhani
Christopher Ian Thurlow
Matthew John Wickers
John Stephen Dennis		Resigned 25/10/2024

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	N/A
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser	Name	Address
Investment Managers	Coutts & Co	440 Strand, London, WC2R 0QS
Bankers	Coutts & Co	440 Strand, London, WC2R 0QS
Accountants	Charter Tax Consulting Limited	8th Floor, 1 Southampton St, London WC2R 0LR
Independent Examiner	Katie Wilson	Blue Spire Limited, Cawley Priory, South Pallant, Chichester, PO19 1SY

Name of chief executive or names of senior staff members (Optional information)

~~Ce~~

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) ~~os~~ Full name(s) Chris Thurlow Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) ~~—ee~~ Company Limited (Trustee) ~~—~~ Date 10 March 2026 ~~PO~~

The 4 Better Foundation		1168858
Receipts andpayments accounts
19/07/2024 Period start date For the period from	To	18/07/2025 Period end date

CC16a

Section A Receipts and payments

Unrestricted funds Restricted funds Endowment funds Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Income From Investments 16,089 - - 16,089 29,559 Interest Received 1,635 - - 1,635 1,586 - - - - - Sub total(Gross income for AR) 17,724 - - 17,724 31,145 ~~ii~~
A2 Asset and investment sales, (see table). Sale Of Investments - - 465,897 465,897 898,094 - - - - - Sub total - - 465,897 465,897 898,094 Total receipts 17,724 - 465,897 483,621 929,239 ~~——————~~
A3 Payments
Grants Awarded 62,500 - - 62,500 25,000 Investment Manager Fees - - 4,430 4,430 5,321 Trust Administration Fees 8,161 - - 8,161 7,896 Independent Examiners Fees 180 - - 180 - Cash Management Fees 55 - - 55 52 Accountancy 600 - - 600 - Sub total 71,496 - 4,430 75,926 38,269 ~~——===>~~
A4 Asset and investment purchases, (see table) Investment Purchases - - 378,626 378,626 888,395 - - - - Sub total - - 378,626 378,626 888,395 Total payments 71,496 - 383,056 454,552 926,664 Net of receipts/(payments) - 53,772 - 82,841 29,069 2,575 A5 Transfers between funds 29,024 - 29,024 - - A6 Cash funds last year end 27,005 18,106 45,111 42,536 Cash funds this year end 2,257 - 71,923 74,180 45,111 ~~——————~~ ~~=~~ ~~==~~

CCXX R1 accounts (SS)

10/03/2026

1

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
		Unrestricted Restricted		Endowment
Categories	Details	funds funds		funds
		to nearest £ to nearest £		to nearest £
B1 Cash funds	- - 71,923 2,257 - - - - - 2,257 - 71,923 Total cash funds Capital Account Income Account ~~===~~
	(agree balances with receipts and payments	(agree balances with receipts and payments
	account(s))	OK OK		OK
		Unrestricted Restricted		Endowment
		funds funds		funds
	Details	to nearest £ to nearest £		to nearest £
B2 Other monetary assets	- - - - - - - - - - - - - - - - - - ~~===>~~
	Details	Fund to which asset belongs Cost (optional)		Current value (optional)
B3 Investment assets	Endowment - 918,682 - - - - - - - - Investment Portfolio ~~—=—=~~
	Details	Fund to which asset belongs Cost (optional)		Current value (optional)
B4 Assets retained for the charity’s own use	- - - - - - - - - - - - - - - - - - ~~====~~
		Fund to which Amount due		When due
	Details	liability relates (optional)		(optional)
B5 Liabilities	- - - - ~~===>~~
Signed by one or two trustees on behalf of all the trustees	Signature	Print Name		Date of approval
		Chris Thurlow on behalf of Ludlow		10 March 2026
		Trust CompanyLimited(Trustee)

CCXX R2 accounts (SS)

10/03/2026

2

Independent Examiner's Report to the Trustees of The 4 Better Foundation

I report to the charity trustees on my examination of the accounts of the charity for the year ended 18 July 2025

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

12 March 2026 Date