REGISTERED CHARIIY NUM8ER.' 1178581
Report of thg Trus¢ee$ and
Unaudlted FlnNnGllll 8tatHm•nts for the Year Ended 31 Deaember 2024
for
The Margaret Klllb•ry Foundatlon
Bla¢*wcod Fvtther & Co.
Chartered Account8n18
9 Sl Gotrgè'8 Yèrd
Famham
Surrey
GU9 7LW

The Margiret Klllbery Foundatlon
Contènts of thè Flnan¢lal Statements
for th• Year Ended 31 De¢emb¢r2024
Page
Report of the Trustsos
1 to 2
Independent Examlner's Report
ststement of Flnancb•l A¢tlvltl•s
Bal•n¢e Sheet
Note8 to lh¢ Flnan¢lal Statsm8nt*
6 to 10
Detaifad 8t•t•ment of FlnanGlal A¢tlvltl•$
OT

The Marga￿t Klllbery Foundatlon
Reportoflhe Tru5tee$
forthe Year Ended 31 Deoember2024
Thè tru5teo5 presènt thgir report with thè financial strdl&m&nts of the charity for the year ended 31 De￿mber 2024. Tho
twslees h8V8 adopl¢d the prO￿$1D￿5 of Accovnting and Re￿rtIng by Ghorf1185'. Slolernent of R￿rnmended Praclc8
4pplicabl8 to charith"85 preparing Ih¢ir 4¢X0￿18 in accordan¢• with th6 Fln4nci81 R8POrtÈng Standard applicable In the UK
and Repuuic of Ireland IFRS 1021 leff8Ctivo 1 January 20191.
OBJECnVES AND ACTIVITIES
The Foltndation's ok4ètts are to advAn¢è thg gducalion of paoplg in the subjo¢tB of music and Ihe arts. Tha FoUr￿lI10r$
makes grants to organis81ions 8nd individuals in ac¢ordanEe wllh It8 objo¢h and are 8gre8d by Ihts truste8S.
Tho Tiusto•$, h8vlng r6gard to thé PublK Benafil guidance publl8h8d by Iho Charily C¢>mmlB8nn, in accord￿¢• wlh
Section 17 01 Iha Ch8rilies Act 2Q11, consider that tha pthrpose 8nd 8¢tivili9s of the charty utisfy the r8quirem&nts of the
public b8ngfi1 test set out In Sèction 4 of thg some Act.
FINANCIAL REVIEW
Th• f5nancial 8latsm8nts 8re 8el out on pag884 to 5.
Th Found4lion roceivad further donqtlons from tha Sowcr and trustee, R1¢hard Oavoy duiing th? year. The Iru8te88 h•v•
•pOnlod ￿vestment manAgèrn lo invoBt In A wjdg Mng• of quoted bands qnd s8￿ri￿•s. Th• 1oundatK>n has eentinupd to
make gains in Invgslments In thé eurrenl yaar,
Th• Iruste06' poll¢y KB to apFly k)¢ome and capilBI tOWArds th6 promollon ol 11$ o¥ects.
Al th¢ p?rfod •nd, thé Fdundalksn hod res•rv8s of£2,958.10112023.' £2.824,4831.
Thè fln8nclal p?rfomanca of the Found8lDn l• 4wndent upon luther doTrallons r8c8ivod frern th8 8ettl¢r ano Invo8lM•nt
porformanc•. Th•r• F• • riBk that th8 ￿lUts gf invoBlm•ntB oould f•ll, •ffeJtlng the oblllty ol th• tN81•8¥ to mak•
from lTrcom¢.
ACHIEVEMENTS, PERFORMANCE ANO PLAN8 FOR THE FUTURE
Tha SLteLaS# pflhe F%yJndatKn 1$ rn￿•￿￿d In l•rrns of the I￿81 of don•tbn$11 r•calw8 and from 5nvostmenl IrJ¢c¢n¢.
Th? Foundallon'& plAna forth• future ra8lon th• ¢h4rll•bh Intenllon6 of th• INit••s.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Gov•rnlng do¢ument
Tho ¢hartty Is eonlrol•d by It8 QJV8mlng d¢¢um&nl, s deed of Iru8t and con#ts'lUl•s an unlrwp¢ral•d Gharlty.
The Foun44ll¢n was con8tilut¢d on Sth January 2018 and is govemed by the tr￿1 d•8d. F¢undthlon 18 B Charlt8ksl•
In¢orporatod OrganiBa1￿n.
The Id*nt4fi¢otion And app¢inlThnl of naw ttvtyt•￿ l¥ ¢onBlderèd by the ¥xl¥tlno tru$t088. A now MBY be &ppolnt¢d
by a r•solutlon of a meeting ol tho tru6t608.
Th8 IrustoÉ8 $8rw8d during the year 4r• ¥lK)wn in the 'Ref8rerrte and admlnlstrative details, section below. All Iru81ea&
give of their tima fr&8ly and no trustee ram￿ar￿t￿n w4¥ paid during the p8rlod. Th¢ Major risks to whloh the Foundati￿ is
exposed. as id•ntifi¢rJ by th8 truBteBS, havo been revI6￿d and systerns h8V8 be*n astd)Ik4hed lo mlJgat8 th030 118k$,
REFERENCE AND ADMINI8TRATIVE DETAIL8
Regls¢ered Charliy number
1176581
PrfA¢lpal 8ddTes8
t28 Freston Road
London
WI0 6TF
Pagè 1

Thè Maryaret KINbory Foundatlon
Report ol thè Trustees
for the Year Endgd 31 December 2024
Trustees
R A Davey
B Dovgy
C O'callaghan
N Q'Ca118ghan
Z D•vey
E Oav8y
IndependÈnt Examiner
Blackwood Fulcher & Co.
Chartered Accoun18nts
9 St Georga'8 Yard
Farnham
su￿@Y
GU9 7LW
7.....,..10 - 21L>
Appro￿ by crder of Ihe boord of Iru5ts6s ¢n.......
And aIgn￿ on It8 behalf by..
R A Dav•y- Tru8ts¢
Page 2

Inthpendent Examlnefs Report to the Trusteès of
The Margaret KIUbery Foundatlon
Independent gxamlnevs report to the trust•es of The Margartt Klllbery Foundatlon
I raport lo th8 charity trusl¢&s on my $xaminats'Dn of thè gecounis of Th8 Margar•t Killlxtry Foundatlan Ilh8 Trust) for the
year Ènded 31 D&Gomb8¥ 2024.
Responslbllltles and basls ol re￿rt
As Ihg charty truste&s of the Trust you •M r•sponsibl• fcr tho preparatton of tho a¢trJunts in a¢¢ordance wlth th•
requlr8rnents of thè Char)Iles Act 2011 Cthe Act'l.
I report of my *xaminaU¢n of the Tru$fs accounts carrf￿ out undar Section 145 of the Act qnd In out rny
exomlnation I havo fdlow•d all applicablo Dlré¢tions Given bythe Charlty Comml$gion untJgr Seclbn 1451Sllbl of the Act
Independent examIne￿9 statement
I have compl8t8d my •x8minatron. I confimi thal no malvrf81 m8ttars hav• crffie lo my att8nlion irs ctsnnecticfi wlh the
8xamlnotl¢n glving rne ¢•we to bdiev8 thBt In any material r&*ped..
accounting record8 Wor& not kept in rg$pecl Dlthe Trust 88 r¢quimd by S¢don 130 olth8 A¢t', or
the accounts do not 8ccord with th¢$• records.. or
tha a¢wunts dc not comply wlh tha applicable rgqulr8mants coneèrning th8 lorrn and conl8nl of a¢￿UnIS set oul In
th6 Charilios {A￿ou￿¢S and Reports) Rooul4tions 2008 ofhgr than Any r8quiMm•nl Ihot K¢owls G)v• a truo gnd
falr viowwhich l& not 8 matlèr ¢on$id¢rgd 88 p8rt of an lnd•wnd￿I exom+nalk)n.
I have no ￿n¢&r￿S 8nd hove oome across no oltrpr mall•r8 in connècllon wlh the 8X2min•llon to whlch 8ttenUon shoukl bè
drawn in th1$ r•wl kn ord•r to 8n*blè 4 prcF8r undor8tsndlng of th• aooounts to bo maohod.
lan Ful¢h?r FCA
Blackwood Ful¢h•r & Co.
¢hArt8red AGeounlants
g St Gatsr9•'s Yard
Farnh8m
Suirgy
GU9 7LW
Page 3

The Margaret Klllbery Foundatlon
Statement of Financlal Actlvltl•s
forthe Year Endtd 31 De¢ember 2024
31.12.24
31.12.23
Total
fund$
Unrestricted
fund
Nolè&
INCOME AND ENDOWMENTS FROM
and18gatsa$
2.852
10,S14
Invaskn•nt incom8
15,595
63,083
Totsl
18,447
73,597
EXPENDITURE ON
Cha￿table aGtlvl¢les
Ch4rit•bl8 8clivitso6
83.228
82,579
Othér
29,950
49,017
Total
113.176
131.596
N•t oain8 on inv8$tm•nta
228.367
102,270
NET INCOME
133.638
44,271
RECONCILIATION OF FUNDS
T¢tal fund8 brought l¢Mard
2,824,463
2,780,192
TOTAL FUNDS CARRIED FORWARD
2,958,101
2,624,483
The notes form part dthese financial statemgnts
P8ge 4

Th• Margaret KllbÈry FoundatlDn
Balance Shèet
31 December 2024
31.12.24
Unr&Btriel•d
fijnd
31.12.23
rot41
lund&
Notss
FIXED ASSET8
Invothgnts
2,968,326
2,795.577
CURRENT AssEf8
Df blors
Cash at bank
3,734
12,281
3.184
28,002
16,015
31,1ee
CREDITORS
Amount8 falling dug wlthin 000 y
(28,2401
12.2801
ET CURRENT A88ETS
110,2251
28,888
TOTAL A88ET8 LESS CURRENT LIABILifiE8
2,958.101
2,824.493
NET AS8ET8
2,958,101
2,824,483
FUNDS
Unr88tr1ot•d fvnd8
2,858.101
2,824,483
TOTAL FUND8
2,958,101
2,824,483
The fin•ndo1 $l•tom•nte wer8 Apprt)v•d by the Board of •nd authoriled for l$$u• vn
•nd wore 8lgn8d ¢Jn its bohaif by..
R A Davey- Tru8tao
The not9$ form part of t￿80 finoneid statomen18
Page 5

The Margaret Klllbery Founda¢lon
Note$ tothe Flnanclal Statements
lor the Ytar Ended 31 DeGernber 2024
ACCOUNT1Tr￿ POLICIES
a515 of preparfng the financlal statements
Thè finanryal stalem8nts of the charity. whlch is a public bgn8fil ontlty under FRS 102. have been pMp•red in
a¢cordanc8 wlth Ihe Chariti8s SORP IFRS 1021 'A¢counling snd Rewrtinu by Charili&s'. Statement of
Recommended Pr8cIIGe appllc2blg lo charities preparing Iheir Èetounls in gccordBnce with th& Fln4n¢ial Repo￿n9
Standard applicablg in the UK and R8public of Iroland IFRS 102118ffecliv& 1 January 20191.. Finanual R¥porting
Slond4rd 102 'The Finantriol Reporting Standard apPI￿able in tho UK and Rèpubllc of Iralond, and the Charilié8 Act
2011. Tha finanGlal statements hov# bBen Preparéd under the h￿toriCal cosl conv8nlion. with the except￿n of
inve8lm6nl$ whith 8ra indwJ8d at market valuo, os modified by thè revaluation of ￿rtaIn assets.
The f￿and81 &latements have bEen pigp8r8d under golng concam ba818.
Income
AW incom6 Is rÈeogni¥ed in th• Statement of Fin￿￿•1 A¢tDilti88 on¢0 Ihe charity h*1 •nbllgmont t¢ tho funds. 51
probgb18 that th8 in¢om& wlll be r9¢9ived gnd the amount ¢in be m88ur8d réliably.
Tax re¢lalm8ble on dongll¢n8 Is h¢ludod In thè ffnanclal 8talamant8 Mt tho sam¢ 4E the donation t¢ whl¢h they
r01at*.
Expendltur•
Liabllilles are r•cogni88d a8 •xpendliur8 8$ ?￿n 88 Ihorts18 a lagal Or ¢onBtrudv• 0￿19411¢m commltlng th• ch&rfty
tg that exp8ndttur¢. 11 1$ probwblo that a Ir*n•f•r ol 8c4nomlc bèntsfits N*TII bé requir•d In 8otUem•nl and th¢ amount
of the obligation can be m88Buf8d rèli4bly. Exp8ndilur4 IB accounted for on qn 8ooruo18 b•sla gnd has been
da881r￿d und&r hoidlngs that aggmg&te all 0081 ralalèd lo thè ¢Hlegory. Whero ¢¢$16 cannot ba dlr•Gtly altdbutsd lo
porti¢ul4r heading8 Ihey h8ve be$n allocated tg OCtivi1188 ¢)n * bAsiB con$i$l•nl wlth the u8a of re8our¢o•.
Gr8nt8 off8rad &ublect to condillon$ whlch hw• nol b8an m•1 41 the yeAr ONI d*1• ar• noted 08 2 ¢0mmKm•nt bul
oc¢ru•d *• •xpendilur8.
Taxatlon
Th• ¢harlty {• •x•mpt from lox on 11$ Charllabla A￿vItI•l.
Fund 4¢countlng
Unre$trlct•d fund• ean b8 uB8d In wHh th¢ chadtabla obloctlv88 al th¢ dl•cretton of thg tru$tO98.
Re9tri¢tod funds can only b• u$ed for particular ra&lrlct8d purpoB85 withln th• obj8ct8 of th• ch8rlty. R￿tri￿lOn￿
ari80 when speciflèd by thè domr or when fuNJ$ ar¢ rgi50d for pgrtkular r•$t#¢led purposas.
FLwthar 0xpl•na￿on of nature •nd purposèef èich fund la In¢luded In tho TrDf•$ to the fln•n¢i#l Slatom8nlB.
Hlre pur¢hast and ItR51ng cornml¢ments
Rantols pald under ¢peralng 18288$ •r* ¢harggd to the St8t8w*nt of Fln8ncial Activit￿$ on a 6tr•ighl Ilne b8Si8 over
th• p¢hod of Ihg18as8.
Investments
Inve51ment8 are statèd at quoted market valu• It th• balanGe sheet dalè, 1¢$$ any provision lor ImpAIrm￿t. All
inv¢$lments are quotod on racogtrlzad 8ts¢k eXch￿Q@s. ReAlls¢d &nd and uTrre81i88d gèln% or Io$Ms aT8 Shown
in the 8lal&m8nt of finOrt￿l activiti80.
P499 6
¢ontinued...

The M2rgaret Klllbery Foundatlon
Nofes to the Flnanclal 8tatèments-¢ontlnued
for the Year 31 December 2024
INVE8TMENT INCOME
31.12.24
31.12.23
Exthange rale gain8
Usted investment income
11,587
51,4e6
15.59S
15,585
83,083
TRUSTEES. REMUNERATION AND BENEFITS
Thero were no trustè•$' r•mun8ralion or ot￿r benefits for year end&J 31 D•¢ernber 2024 nor lor tho year onded
31 Decemb8r 2023.
Truste05' expen8eg
Th&M w•ra no
Iru•tges' oxpèn8•s pald ftsr Ih? yeAr •nd8d 31 Doc8mb•r 2024 nor hr tho ￿ar ?nd•d
31 00c8m￿r 2023.
COMPARATNE8 FOR THE 8TATEMENT OF FINANCJAL ACTIVITIES
Unrn8triclod
fund
INCOMEANDENDOWMENTS FROM
Don£t￿nI 8nd Iwd
10,514
Inv￿￿nent lthettmq
e3.083
Total
73.597
EXPENDITURE ON
Charltabl• actlvltles
ChHritqble
82.579
Olhar
49,017
Total
131,596
Nat goln$ on hvollmonts
102,270
NET INCOME
44,271
RECONCILIATION OF FUNDS
Tclal funds brought 10Th￿rd
2.780,192
TOTAL FUNDS CARRIED FORWARD
2,824,483
Page 7
ntinued...
riAT

The MargaTet Klllbery Foundatlon
Note3 to thè Financlal Statements. contlnued
for the Year Ended 31 December2024
FIXED A8SET INVESTMENTS
C95h and
¥8tUement$
ponding
Listad
inveEtm•nts
Totals
MARKEY VALUE
At 1 January 2024
Addititsns
Di5P05a
R8v8luationB
2.675,986
1.108,1es
11,044,222)
228,3e7
119,591
2,7g5,577
1,108.195
11,183.8131
228,3e7
1119,5911
At 31 Dacombpr 2024
2.988,326
2,968,328
NET BOOK VALUE
At 3108c8mb•r 2024
2,988.32e
2,968,328
At 31 Docgmber 2023
2.87S,988
119.591
2.795,577
Th•r• wèr• Th) Inv8slm?nt asuets outslde the UK.
Cost or valuation at 31 D8C8mb•r202418 ropr•$•nt$d by.,
Llstod
i)V•Blmenta
Vlluqbon in 2020
V8lualion In 2021
Valuation In 2022
Valuah'on In 2023
V•luats'on in 2024
Co8t
78.178
82,282
1224.0181
15E,S35
8.367
2.646.6D2
2,968,326
If fixed a￿￿1 inv86tmenl• had n¢1 b••n rev81ued th•Yw0￿d hava b8en I￿lUd￿d at the frjlbwing hl*loricd cost..
31.12.24
31.12.23
Cpst
2,046,602
258,e29
Fix9d asset Inv88tm•nl& w•r• vabJ•d on gn op¢n mark8t ba81& b•si¥ on 31 D•c•mb•r 2024 by Rolh*hlld & C
Wealth M4naooment.
DEBTORS: AMOUNTS FALLING I)UE WJTHIN ONE YEAR
31.12.24
31.12.23
Olhordablor8
3,734
3,1e4
Pao8 8
tryntinuod...

The Margaret Klllbery Foundatlon
Not¢5 to the Flnanelal Statements-contlnued
for the Year Ended 31 tltcember 2024
CREDITORS.. AMOUNT8 FALUNG DUE WITHIN ONE YEAR
31.12.24
31.12.23
Qthgr credito
28.240
2,280
MOVEMENT IN FUNDS
Net
rncv8menl
in fund
At
31.12.24
At 1.1.24
Unrnstrlcted funds
Q8nerg1 fvnd
2,824.463
133,638
2,gs8,101
TOTAL FUND8
2,824.463
133,638
2.858.101
Nal mv8m•nt in fijnds. Indud•d In the obovo are 0$ follo￿..
Inoomlng
r•$¢urce5
R•s¢urceB
xp•nd8d
Gsln$ 8nd
108s88
Mcvomant
in lund$
Unr05trf¢ted fvnd$
G•neral fund
18,447
1113,1781
228,387
133.e38
TOTAL FUND8
18,447
1113,17ei
228.387
133,838
ComparatIv￿ ft+r mov9mont In fvnd$
movemant
in fund¥
Al
31.12.23
At1.1.23
Unr•atrlctea funds
G6n•ral fund
2,780,192
44.271
2,e24.463
TOTAL FUNOS
2,780,192
44,271
2,824,4e3
Comparatlve not mov•rn•nt In fuThd8, In¢lUd￿ in the Above am a6 fol0￿..
Incoming
ro&our¢88
Rèsoiirc
•xpgndod
Goin$ and
10$¥•9
Movem*nt
In fund$
Unr•strlcted funds
Genergl fund
n,597
1131,5961
102,270
44.271
TOTAL FUNDS
73,597
1131,5961
102,270
44,271
Pago 9

The Margargt Klllbpry Foundatlon
Notes to the Flnanclal Statements-contlThJÈd
fwthe Year Ended 31 December 2024
MOVEMENT IN FUNDS- conllnued
A curront year 12 m¢nths 8nd pdttryw 12 conY)Ined posltion a8 fdlow8'.
Net
rn¢vom8nl
In fvnd$
At
31.12.24
At1.1.23
Unr•strtGted fund$
General fund
2.780,192
177,909
2,958,101
TOTAL FUNDS
2.780,192
177,909
2,958.101
A curr•nt yeAr 12 rnonih8 and PriDr year 12 nb)nlhs com￿ned nat movement h fund8. thduded In ibov8 gr•
followa..
Incomlng
re8our¢e
Rwurc
gxponded
Gains and
1088•$
M¢v•Mgnt
In lund6
UnM5trlcted lunda
GenOr￿ fvnd
92.044
1244,7721
330,e37
177,909
TOTAL FUND8
92,044
1244.7721
330,637
177.909
RELATED PARTY DI$¢L08URe8
During the ygar undw ra￿aW the Charty donatbn$ of £2.282 12023 £8.4111 from Rlch8rd D•v•y.
Trust••.
Page10

The MaTgarnt Illllbery Foundatlon
Detalled Statement of Flnanclal Actlvltles
for th* Year Ended 31 DeGember2024
31.12.24
31.12.22
INCOME AND ENDOWMENTS
Donatlons and lagactes
Donallans
2.282
570
8.4fj1
2.103
2.852
10,514
Inve5tm•M Inoome
Exchange rate gain5
Listed invostm¢nl income
11,587
51,498
15,695
15,595
63,083
Tot41 In¢omlng r•*our¢•s
18.447
73,597
EXPENOITURE
Charltabl• aGtlvltles
Orants 1¢ inslltutioni
83.226
82,579
Support oolts
Gov•man¢• CQBt8
Rant
Rale$
W•b¥ite
Bank ¢harg0s
Aceaunlancy
Invè$lmant manogement f889
Exchqng• rgle IoBb88
23,900
2,147
245
35
2.242
897
584
24,111
2,278
236
2,280
20,029
29,950
49,017
Totil resour¢•* •xponded
113,776
131.596
Net expondlture beforn omlns and losses
194,7291
157,9991
Rea118ed ro¢ognlsed gain¥ and 1055es
Inve&tm•ThtB
228.367
102,270
Net Ineom•
133,638
44,271
Thrs pago does form part of Ihtr Sta￿tOry￿naTr￿Ia1 statements
Pagg11