Charity number: 1170488 BLEVINS FRANKS CHARITABLE FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
BLEVINS FRANKS CHARITABLE FOUNDATION CONTENTS Page Reference and Administrative Details of the Company. its Trustees and Advisers Trustees. Report Independent Examiner's Report ststement of Financial Activities Balance Sheet Notes to the Financial Ststements 8-13
BLEVINS FRANKS CHARITABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025 Trustees A L Borg, Chair M Howard, Trustee M Orwell {appointed 17 September 2024) Charity registered number 1170488 Principal office 28 St James, Square London SW1Y 4JH AGGountants Haslers Chartered Accountants Old Station Road Loughton Essex IG10 4PL Page 1
BLEVINS FRANKS CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 The Trustees present their annual report together the financial statements for the year ended 30 June 2025. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirement5, the requirements of the charity's goveming document and the provisions of the Statement of Recommended Practice {SORP). applicable to chanties preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS102) and Charities Act 2011. Objectives and activities Policies and objectives The object of the foundation is to advance such charitsble purposes according to the law of England and Wales as the Trustees see fit from time to time. The foundation aims to provide donations for small local causes within the locality of Blevins Franks Group's (Blevins Franks) offices in the UK and across Europe. These include France, Spain, Portugal, Cyprus, Malta and Monaco. In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. induding the guidance 'Public benefit.. running a charity (PB2)'. b. Grant-making policies Grant recipients will be chosen based on due diligence regarding their objectives, activities and impact. Priority 11 be given to smaller charities and the trustees delegate the task of promoting and managing local charitable giving to local committees. In tum, decisions of the committee are reported regulady and ratified by the trustees. Achievements and perforniance a. Review of activities During the period the charity received donations amounting to £49,638 (2024.. £48,555). During the period, the foundation made total donations of £46,491 (2024.. £30,546). This is shown on note 3 to the financial statements. Financial review . Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. b. Overview of Results The donations collected are not restricted for use and as at 30 June 2025. unrestricted funds amounted to £51,628 (2024.. £52,556). Such an amount was not fvlly exhausted during the period due to the trustees, decision to leave sufficient funds available for future donations. Page 2
BLEVINS FRANKS CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 c. Reserves policy The Foundation needs to ensure that it keeps a minimum balance to cover all necessary costs, should it have to close down for any reason. d. Principal funding The Foundation is supported by donations provided by Blevins Franks. staff as well as fundraising activities. Blevins Franks matches any donations made to the foundation by the staff. Structure, governance and management a. Constitution The charity is registered as a charitable incorporated organisation and was set up by a Trust deed. The charity is constituted under a Trust deed and is a registered charity number 1170488. The principal object of the charity is to advan charitable purpose (according to the law of England and Wales) as the trustees and the committee see fit from time to time. The foundation's main focus is to provide donations to small local charities and when possible. the aim is to provide financial assistance for a specific cause or project being undertaken by such charities. b. Methods of appointment or election of Trustees The management of the company is the responsibilty of the Tnjstees who are elected and co-opted under the terms of the Trust deed. c. Policies adopted for the induction and training of Trustees During the setting up of the foundation, professional assistance was sought and appropriate guidance obtained with respect to the role of the trustees and their powers. Furthemiore, the trustees follow the guidance as provided by the Charity Commission in the UK. d. Risk management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Plans for future periods a. Future developments We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives in planning our future activities. The trustees may, in the future, diversify the Charity's sources of funding by seeking support from other donors including the promotion of other fvndraising events. Page 3
BLEVINS FRANKS CHARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., obsetve the methods and principles of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the ompany wll continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose wth reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order 12 December 2025 of the members of board of and signed on their behalf by.. Trustees on ALBorg Trustee Page 4
BLEVINS FRANKS CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2025 Independent Examiner's Report to the Trustees of Blevins Franks Charitable Foundation ('the company.) I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 June 2025. Responsibilities and Basis of Report As the Trustees of the company you are responsible for the preparation of the accounts in accordance wth the requirements of the Charities Act 2011 {'the 2011 Act,). I report in respect of my examination of the company's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145{5){b) of the 2011 Act. Independent Examiner's Ststement Your attention is drawn to the fact that the company has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been vthdraWn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 130 of the 2011 Act., or the accounts do not accord wth those records.. or the accounts do not comply wth the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concems 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. This report 15 made solely to the companls Trustees, as a body, in accordance wth Part 4 of the Charities {Accounts and Reports) Regulations 2008. My Vrk has been undertaken so that I might state to the company's Trustees those matters l am required to state to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent pemitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body. for my work or for this report. Signed.. -f&7 Thomas Rogers BA ACA Haslers, Old Station Road, Loughton, Essex, IG10 4PL Dated.. 12 December 2025 Page 5
BLEVINS FRANKS CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Charitable activities 49,638 49,638 48, 555 Total income 49,638 49,638 48, 555 Expenditure on: Charitable activities 50,566 50,566 33,578 Total expenditure 50,566 50,566 33,578 Net movement in funds 1928) (928 14,977 Reconciliation of funds: Total funds brought foThvard Net movement in funds 52,556 {928) 52.556 (928} 3T,579 14,977 Totsl funds carried forward 51,628 51,628 52, 556 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 8 to 13 fomi part of these financial statements. Page 6
BLEVINS FRANKS CHARITABLE FOUNDATION BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Note Current assets Debtors Cash at bank and in hand 13,279 40,995 11,268 43, 844 54,274 55,112 Current liabilities Creditors.. amounts falling due wthin one year 12,fA6) (2, 556) Net current assets 51,628 52, 556 Total assets less current liabilities 51,628 52, 556 Net assets excluding pension asset 51,628 52, 556 Total net assets 51,628 52, 556 Charity funds Restricted funds Unrestricted fvnds 51,628 52, 556 Total funds 51.628 52, 556 The financial statements were 12 December 2025 approved and authorised for issue by the Trustees and signed on their behalf by.. on Ma•dLL So(3 ALBorg Trustee The notes on pages 8 to 13 form part of these financial statements. Page 7
BLEVINS FRANKS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 1021 Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a Irue and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view. This departure has involved followng the Charities SORP IFRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Blevins Franks Charitable Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otheiSe stated in the relevant accounting policy. 1.2 Income All income is recognised On the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a Ihird paty. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributsble to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs. All expenditure is indusive of irrecoverable VAT. 1.4 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.5 Cash at bank and in hand Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 8
BLEVINS FRANKS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies Icontinued) 1.6 Liabilities and provisions Liabilities are recognised )hhen there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit wll be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 1.7 Foreign currencies Monetary assets and liabilities denominated in foreign CuenCieS are translated into sterting at rates of exchange ruling at the balance sheet date. 1.8 Fund accounting General fvnds are unrestricted fvnds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Page 9
BLEVINS FRANKS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Income from charitable activities Unrestricted funds 2025 Total funds 2025 Total funds 2024 Donations 49.638 49,638 48, 555 The donations above include donations from the primary sponsors Blevins Franks Financial Management Limited & Blevins Franks Wealth Management Limited and it's staff. Analysis of expenditure by activities Support osts 2025 Total funds 2025 Total funds 2024 Direct costs 2025 Total costs 46.491 4.075 50,566 33,578 Total 2024 30,546 3, 032 33,578 Analysis of direct costs Total funds 2025 Total funds 2024 Grants payable 46,491 30,546 Page 10
BLEVINS FRANKS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Analysis of expenditure by activities (continued) Analysis of support costs Total funds 2025 Total funds 2024 Governance costs Bank charges and Lossl{Gain) on Foreign Exthange 2,646 1,429 2, 556 476 Total 2025 4,075 3, 032 Independent examiners remuneration The independent examine¢s remuneration amounts to an independent examiner fee of £2,646 (2024 £2, 556). Trust8es' remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 30 June 2025, no Trustee expenses have been incurred (2024- £NIL). Debtors: Amounts falling due within one year 2025 2024 Other debtors 13,279 11,268 13.279 11,268 Creditors: Amounts falling due within one year 2025 2024 Accruals and deferred income 2,646 2, 556 Page11
BLEVINS FRANKS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Summary offunds Summary of funds - current year Balance at 30 June 2025 Balance at 1 Juty 2024 Income Expenditure General funds 52,556 49,638 150,566) 51,628 Summary of funds - prior year Balance at 30 June 2024 Balance at 1 July 2023 Income Expenditure General funds 37,579 48, 555 (33, 578) 52, 556 Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2025 Total funds 2025 Current assets 54,274 (2,646} 54,274 (2,646) Creditors due within one year Total 51,628 51,628 Analysis of net assets bellen funds - prior year Unrestricted funds 2024 Total funds 2024 Current assets Creditors due wthin one year 55,112 (2, 556) 55,112 (2, 556) Total 52, 556 52, 556 Page 12
BLEVINS FRANKS CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 10. Members. liability Each member of the Charitable Incorporated Organisation (CIO) undertakes to contribute to the assets of the CIO in the event of it being wound up while helshe is a member. or within one year after helshe eases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before helshe ceases to be a member. 11. Related party transactions During the year there were no related paty transactions. Page 13