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← Quadstar Charitable Foundation

2025-03-31-accounts

REGISTERED COMPANY NUMBER: CE011402 (England and Wales) REGISTERED CHARITY NUMBER: 1173951

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

QUADSTAR CHARITABLE FOUNDATION

Hopper Williams & Bell Limited Chartered Accountants Highland House Mayflower Close Chandler's Ford Eastleigh Hampshire SO53 4AR

QUADSTAR CHARITABLE FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 12
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QUADSTAR CHARITABLE FOUNDATION (REGISTERED NUMBER: CE011402)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document dated 25th July 2017, a deed of trust and constitutes a Charitable Incorporated Organisation (CIO), limited by guarantee as defined by the Companies Act 2006.

Organisational structure

At the quarterly trustees' meetings, the trustees agree the broad strategy, areas of activities, including the consideration of the grants made, risk management policies and performance.

The day to day running of the Charity and preparation of grant applications, is handled by the trustees, Nick Butcher, Michelle Butcher, Wendy Bayliss & Suzanne Smith. Meetings are chaired by Nick Butcher.

The main source of donations received in the financial year to March 2025 were from companies owned by Mr N Butcher, a trustee of the Charity. The decisions on the distribution of all the charitable funds are made jointly by all four trustees.

Induction and training of new trustees

On appointment any new trustee is required to sign a model trustee declaration statement, receiving a copy of the governing trust deed and a copy of the Charity's Commission guidance 'The Essential Trustee: What you need to know.

Key management remuneration

All trustees give of their time and no remuneration or expenses were paid or claimed in the year.

Risk management

The trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established procedures to manage them. No grants are offered or made unless the funds are available.

Page 1

QUADSTAR CHARITABLE FOUNDATION (REGISTERED NUMBER: CE011402)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Ethos of the Charity

The Charity's focus in the financial year to 31st March 2025 has been on the funding and support of education to worthy individuals that might otherwise not be able to access this.

Our main emphasis being to assist in funding opportunities for talented UK students to access and engage with education that would otherwise financially be outside their means and for which the opportunity is transformational. In particular, we aim to identify students that show determination and commitment in difficult home environments whereby the provision of a boarding opportunity allows the student to flourish.

This is in the form of 6th Form scholarships at selected schools that provide match funding for these awards. Quadstar has over the years worked closely with Dulwich College, Atlantic College, Bristol Grammer School, The Film Education Training Trust, Prior Park and Kingswood School.

The emphasis this year, and moving forward to next year, has been to offer support grants to young people living in Somerset, Gloucestershire, Wiltshire, London and Greater London going in to further education. We now support three 2nd year degree vet students and have forged a relationship with Bristol Veterinary School to offer more grants next year for students attending their veterinary courses.

We have also supported several students with counselling this year.

The overall aim is that our support will help young people to advance, through education, by developing their skills, capacities and capabilities which in turn is hoped will enable them to participate in society as independent, mature and responsible individuals.

The Charity will also consider the advancement of such other charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time.

Grant making policy

The Trust has established its grant making policy and handbook to achieve its objects as detailed above.

The trustees will seek to identify and respond with good practice, placing emphasis on securing measurable outcomes.

The Charity's aim is to develop programmes of grant making and support that:

The trustees' will seek to partner or collaborate with other funders, where appropriate, to draw in additional resources or to support a particular cause.

The trustees' seek to always foster a positive, transparent and fair relationship with the organisations the charity supports. In particular, the charity aims to provide a straightforward grant making process which is clear with regard to timescales, accessibility, accountability and inclusiveness where practical to do so within any contractual commitments.

The trustees' priorities are to support work where there is evidence that funding will make a real difference.

Awards/Grants

During the financial year to March 2025 the charity has continued to focus on providing grants for disadvantaged young people's education and provision of educational facilities both home and abroad through UK based charities.

Page 2

QUADSTAR CHARITABLE FOUNDATION (REGISTERED NUMBER: CE011402)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Grants/Donations awarded :

A Cordice - £4,375 - Annual payment for support at Veterinary College A Guarnieri - £3,500 - Annual payment for support at Veterinary College M Hutchings - £3,334 - £1,667 grant paid termly for support at Northern Ballet School R Magadan - £3,000 - one off grant for support in final year at Veterinary College M Brouder - £2,600 - one off grant for support at Northern Ballet School T Sayed - £1,800 - £150 paid monthly for University Support Grant Bristol Grammar School - £728 - top up fees for student in education in UK Kingswood - £63,482 fees for students for education in the UK Prior Park - £8,628 - fees for students for education in the UK Other grants - £2,460 - costs associates with the support of students at Kingswood UWS United World Schools - £3,000 donation

Total given in the year being £96,907

Monitoring achievements

Regular reports, visits and meetings attended to monitor progress of education and/or facilities provided. Regular meetings with the students to help support their progress.

Financial review

Whilst the Trust's work is almost entirely dependent on the receipt of donations from Mr N Butcher and his companies Hanbury Hill Ltd , Vetix Ltd and Animus Surgical Ltd , this financial year it has received funds from Cave Foundation.

The total income received was £164,773. The decisions on the distribution of all the charitable funds are made jointly by the Trustees.

Reserves policy

The trustees have built up an unrestricted reserve fund to cover unexpected expenditure of up to £1,000. Grants and donations are only authorised once sufficient monies are available, so no overdraft facility is required or utilised.

Cementing partnerships with strategic alliances and future plans

The Trust has worked closely with other charitable and other organisations to provide support for education to students both in the UK and abroad. In particular this is for disadvantaged students and/or where there is no education provision at all. These include:

Atlantic College - a college for students aged 16-19 years of age. Students travel from over 150 countries to live, study and learn together pursuing the International Baccalaureate and an outdoor-orientated experiential education over two years.

Kingswood (Bath) - is situated on a magnificent 200-acre site in Lansdown, Bath, and offers an inclusive boarding and day community that is free of pretension and balances academic rigour, strength in the arts and sport, traditional values and outstanding pastoral care with a forward-thinking, can-do approach. Offering a broad, holistic education, in which pupils are encouraged to develop self-assurance and high levels of personal motivation. In this environment, pupils achieve astonishing successes as they constantly progress well beyond their natural potential.

United World Schools - a UK based charity providing facilities and teaching for young pupils in Cambodia, Myanmar and Nepal where there are little or no educational provisions.

Bristol Grammar School - located in Bristol offers students in the sixth form support and guidance, promoting a warm and friendly community helping them to feel at home and part of the wider school community.

The Film Education Training Trust Ltd - located in Pinewood Studios offers training and support to students who wish to work in the UK Film and television industry. They seek to cultivate skills and actively seek opportunities for students to access a broad range of exciting production roles.

Page 3

QUADSTAR CHARITABLE FOUNDATION (REGISTERED NUMBER: CE011402)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

This year the emphasis has been on been offering support grants for secondary education to young people who live in Somerset, Gloucestershire, Wiltshire, London and Greater London. Looking ahead for 2025/2026 the trust is hoping to further develop this support and to offer grants assisting veterinary students, in particular, who attend Bristol Vet School.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE011402 (England and Wales)

Registered Charity number 1173951

Registered office PO Box 1260 Yateley GU47 7GH

Trustees

N N L Butcher Ms S J Smith Ms W S Bayliss Mrs M Butcher

Independent Examiner

James Flood FCA Hopper Williams & Bell Limited Chartered Accountants Highland House Mayflower Close Chandler's Ford Eastleigh Hampshire SO53 4AR

Solicitors

Field Seymour Parkes, 1 London Street, Reading, RG1 4PN.

Bankers

Lloyds Bank PLC, 12 Sawn Street, Warwick, CV34 4BJ.

24 Oct 2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

N N L Butcher

........................................................................ N N L Butcher - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF QUADSTAR CHARITABLE FOUNDATION

Independent examiner's report to the trustees of Quadstar Charitable Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

James Flood

James Flood FCA

The Institute of Chartered Accountants in England and Wales

Hopper Williams & Bell Limited Chartered Accountants Highland House Mayflower Close Chandler's Ford Eastleigh Hampshire SO53 4AR 27 Oct 2025 Date: .............................................

Page 5

QUADSTAR CHARITABLE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies		 2025
2024
Unrestricted
fund
Total funds
£
£
164,773
47,399
EXPENDITURE ON
Raising funds
2
Charitable activities
3
Activities for young people		 9,839
5,837
100,868
119,705
Total 110,707
125,542
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward		 54,066
(78,143)
(1,833)
76,310
TOTAL FUNDS CARRIED FORWARD 52,233
(1,833)

The notes form part of these financial statements

Page 6

QUADSTAR CHARITABLE FOUNDATION (REGISTERED NUMBER: CE011402)

BALANCE SHEET 31 MARCH 2025

Notes
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
9		 2025
2024
Unrestricted
fund
Total funds
£
£
55,133
1,067
(2,900)
(2,900)
NET CURRENT ASSETS/(LIABILITIES) 52,233
(1,833)
TOTAL ASSETS LESS CURRENT
LIABILITIES		 52,233
(1,833)
NET ASSETS/(LIABILITIES) 52,233
(1,833)
FUNDS
10
Unrestricted funds		 52,233
(1,833)
TOTAL FUNDS 52,233
(1,833)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 24 Oct 2025 ............................................. and were signed on its behalf by:

N N L Butcher ............................................. N N L Butcher - Trustee

The notes form part of these financial statements

Page 7

QUADSTAR CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Charitable activities

Charitable activities are included in the Statement of Financial Activities on an accruals basis and relate to the costs of grants and the general management and administration of the charity.

Governance costs

Governance costs are included in the Statement of Financial Activities on an accruals basis.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

The charity only has one unrestricted general fund. Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

continued...

Page 8

QUADSTAR CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

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2. RAISING FUNDS
Investment management costs
2025 2024
£ £
Administrative expenses 9,839 5,837
3. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
4) note 5) Totals
£ £ £
Activities for young people 96,907 3,961 100,868
4. GRANTS PAYABLE
2025 2024
£ £
Activities for young people 96,907 116,556
The total grants paid to institutions during the year was as follows:
2025 2024
£ £
Grants to individuals 17,735 15,300
Kingswood School 63,482 73,872
Bristol Grammar School 728 1,216
-
The Film Education Training Trust 9,050
Other Grants 6,334 4,000
Prior Park Education Trust 8,628 13,118
96,907 116,556
5. SUPPORT COSTS
Governance
Finance Other costs Totals
£ £ £ £
Activities for young people 199 1,461 2,301 3,961
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Page 9

QUADSTAR CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

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|||| |---|---|---| |2025|2024| |£|£| |Accountancy fees - independent examination|525|500| |Accountancy fees - other services|1,165|2,542|

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7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no expenses reimbursed to trustees for the year ended 31 March 2025 nor for the year ended 31 March 2024.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

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||| |---|---| |Unrestricted| |fund| |£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|47,399| |EXPENDITURE ON| |Raising funds|5,837| |Charitable activities| |Activities for young people|119,705| |Total|125,542| |NET INCOME/(EXPENDITURE)|(78,143)| |RECONCILIATION OF FUNDS| |Total funds brought forward|76,310| |TOTAL FUNDS CARRIED FORWARD|(1,833)|

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Page 10

QUADSTAR CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

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9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Accruals and deferred income 2,900 2,900
10. MOVEMENT IN FUNDS
Net
movement
At 1.4.24 in funds At 31.3.25
£ £ £
Unrestricted funds
General fund (1,833) 54,066 52,233
TOTAL FUNDS (1,833) 54,066 52,233
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 164,773 (110,707) 54,066
TOTAL FUNDS 164,773 (110,707) 54,066
Comparatives for movement in funds
Net
movement
At 1.4.23 in funds At 31.3.24
£ £ £
Unrestricted funds
General fund 76,310 (78,143) (1,833)
TOTAL FUNDS 76,310 (78,143) (1,833)
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 47,399 (125,542) (78,143)
TOTAL FUNDS 47,399 (125,542) (78,143)
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Page 11

QUADSTAR CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1.4.23
in funds
At
£
£
Unrestricted funds
General fund
76,310
(24,077)
TOTAL FUNDS
76,310
(24,077)		 31.3.25
£
52,233
52,233

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund		 Incoming
Resources
resources
expended
£
£
212,172
(236,249)		 Movement
in funds
£
(24,077)
TOTAL FUNDS 212,172
(236,249)		 (24,077)

11. RELATED PARTY DISCLOSURES

During the year the charity received donations totalling £160,773 (2024: £21,000) from companies in which Mr N Butcher, trustee, has a controlling interest.

12. MEMBERS

Members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

Page 12

Issuer

Issuer HWB Chartered Accountants Document generated Fri, 24th Oct 2025 16:09:00 BST Document fingerprint 3e44eef5c83a7242e6bea4cb239f37d6

Parties involved with this document

Document processed Party + Fingerprint Fri, 24th Oct 2025 16:50:07 BST Nick Butcher - Signer (6c76733d2011960224d2366255f74a30) Mon, 27th Oct 2025 10:53:56 GMT James Flood - Signer (98e522e27e0265a2c6115490048aa63c) Mon, 27th Oct 2025 10:53:57 GMT Brendon Reis - Copied In (a4949a6c11f8b25af5739492c6e863c3) Audit history log Date Action Fri, 24th Oct 2025 16:09:00 BST Envelope generated by Accounts Department (172.167.135.249) Fri, 24th Oct 2025 16:09:03 BST Document generated with fingerprint 90cb37b9cd8428def57318368e2db09f (172.167.135.249) Fri, 24th Oct 2025 16:09:03 BST Document generated with fingerprint 3e44eef5c83a7242e6bea4cb239f37d6 (172.167.135.249) Fri, 24th Oct 2025 16:09:04 BST Document generated with fingerprint 37da8dd5822fcaf3cb817bcf30898b59 (172.167.135.249) Fri, 24th Oct 2025 16:14:31 BST Sent the envelope to Nick Butcher (nick@nbutcher.com) for signing (172.167.135.249) Fri, 24th Oct 2025 16:16:03 BST Document emailed to nick@nbutcher.com Fri, 24th Oct 2025 16:37:15 BST Nick Butcher opened the document email. (31.94.58.52) Fri, 24th Oct 2025 16:48:59 BST Nick Butcher viewed the envelope (31.94.58.53) Fri, 24th Oct 2025 16:50:07 BST Nick Butcher signed the envelope (31.94.58.53) Fri, 24th Oct 2025 16:50:07 BST Sent the envelope to James Flood (James.Flood@hwb-accountants.com) for signing (31.94.58.53) Fri, 24th Oct 2025 16:50:07 BST Document emailed to James.Flood@hwb-accountants.com Mon, 27th Oct 2025 10:53:06 GMT James Flood viewed the envelope (172.167.135.249) Mon, 27th Oct 2025 10:53:21 GMT James Flood viewed the envelope (72.145.83.92) Mon, 27th Oct 2025 10:53:56 GMT James Flood signed the envelope (172.167.135.249) Mon, 27th Oct 2025 10:53:57 GMT Sent the envelope to Brendon Reis (brendon.reis@hwb-accountants.com) for signing (172.167.135.249)

Mon, 27th Oct 2025 10:53:57 GMT This envelope has been signed by all parties (172.167.135.249) Mon, 27th Oct 2025 10:53:57 GMT Document emailed to brendon.reis@hwb-accountants.com