Company registration number: CE014494 Charity registration number.. 1178695 BARBARA AND DEREK CALROW CHARITABLE FOUNDATION (A COMPANY UMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS 31 MARCH 2025 Horsfield & Smith Chartered Accountant Tower House 269 Walmer51ey Road Bury Lancashire BL9 6NX BARBARAAND DEREK CALROW CHARITABLE FOUNDATION CONTENTS Reference and Administrative Details Trustees, Report Statement of Trustees. Responsibilities Independent Examine¢s Report Statement of Financial Activities Balance Sheet Notes to the Financial statements 7t015 BARBARA AND DEREK CALROW CHARrrABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS Trustees Mr R D Calrow OBE Mrsjm Jones Mr R Campbell Mrs 8 E Calrow Registered Office Frombury 2 Stonehouse Chapeltown Road Bromley Cr055 nca5hire BL7 9NB Company Reglstratlon Number CE014494 Charity Registratlon Number 1178695 The charity is incorporated in England. Horsfield & Smith Chartered Accountant Tower House 269 Walmersley Road Bury Lancashire BL9 6NX Independent Examiner BARBARA AND DEREK CALROW CHARrrABLE FOUNDATION TRUSTEES, REPORT The trustees. who are directors for the purposes of company law, present the annual report together with the financial staternents of the charitable company for the year ended 31 March 2025. Objective5 and activities Publicbenefft Throughout the year the Charity has provided donations to local causes to benefit the community. The trustees confimi that they have complied with the requirements of section 17 of ihe Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wale5. Flnancial instruments Objertives undpolicies The charity's activities expose it to a number of financial risks includlng credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the chariWs policies approved by the board of trustee5, which provide written principles on the use of financial derivatives to manage these risk5. The charity doe5 not Use derivative financial instruments lor speculative purposes. Coshflow risk The charit￿$ activities expose it primarity to the financial risks of changes in interest rates. Interest bearing assets and liabilitie5 are held at fixed rate to ensure certainty of cash flow5. Credit risk The charitvs principal financial assets are bank balances and cash, and investments. The Cfedit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-fating agencies. Liquidity risk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operation5 and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statefflent of atcounting policies in the financial statements. The annual report was approved by the twstees of the chartty on 5 November 2025 and signed on its behalf by- Mr R D Calfow OBE Trustee BARBARA AND DEREK CALROW CHARITABLE FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees (who are also the directors of Barbara and Oerek Calrow Charitable Foundation for the purp05es of company lawl are responsible for preparing the tru5tees' report and the financial Statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the trustees to P￿pare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including its income and expenditu￿, of the charitable company for that period. In prep3rin8 these financial statements. the trustees are required to: 5elert suitable accounting policies and apply them consistent￿. observe the methods and principles in the Charities SORP: make judgements and estimate5 that are reasonable and prudent- state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements: and prepare the financial Statements on the going contern basis unless it is inappropriate to presume that the charitable company wtll continue in business. The trustees are responsible for keeping proper atcountinE records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable 5tep5 for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the challtable company's website. Legislation governing the preparation and dissemination of financial statements may dTrffer from legislation in other jurisdictions. Approved by the trustees of the charity on 5 November 2025 and signed on its behalf by: MrRDCalr Trustee INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF BARBARA AND DEREK CALROW CHARITABLE FOUNDATION I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibllities and basis of report As the charitVs trustees of the Company land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Att 20061.the 2￿6 Act'l. 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 respert of my examination of your charitVs accounts as carried out under section 145 of the Charities Act 2011 1.the 2011 Arfl. In carrying out my examination I have followed the DIrect￿n5 gNen by the Charity Commission under sertion 14515llbl of the 2011 Act. Independent e¥amlnerfs statement I have cornpleted my examination. I confirm that no matters have come to my attention in tonnedion with the eyamination Eiving me cause to believe: l. accounting records were not kept in respect of Barbara and Derek Calrow Charitable Foundation as required by settion 386 of the 2￿6 Act,. or 2. the accounts do not accord with those records- or 3. the accounts do not compfy with the accounting reqU1￿MentS of section 396 of the 2￿6 Act other than any requirement that the account5 give a 'tnJe 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 lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of I￿rand IFRS 102}1. I have no con¢ern5 and have come across no other matters in connertion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reache P G Nicol BEM BSC FCA Chartered Accountant ICAEW Tower House 269 Walmersley Road Bury. Lancashire BL9 6NX 5 November 2025 BARBARA AND DEREK CALROW CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 (INCLUDING INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) Total 2025 T¢tal 2024 Unrestrfcted Income and Endowments from: Donations and legacies 99.7CKI 99,7C(I 149.175 Total income 99.7CIJ 99.71XJ 149,175 Expendlture on: Charitable activities 1101,3861 1101.3861 1148,6811 Total expenditure 1101,3861 1101,3861 1148,6811 Net lexpenditurellintome 11.6861 11.6861 494 Net movement in funds 11.686) 11.686) 494 Reconciliation of funds Total funds brought forward 1.787 1,787 1.293 Total funds carried forward 13 ioi ioi 1.787 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is Shown in note 13. BARBARA AND DEREK CALROW CHARITABLE FOUNDATION BALANCE SHEET AS AT 31 MARCH 2025 (REGISTRATION NUMBER: CE014494) 2025 2024 Note Flxed a￿et$ Tangible assets io 31KI 3C Current assets Cash at bank and in hand li 764 2,437 Creditors: Amounts falling due within one year 12 19631 19501 Net current Illabllltles)/assets 11991 1,487 Net assets ioi 1,787 Funds of the charlty: Unrestricted income funds Unrestricted funds ioi 1,787 Total fvnds 13 ioi 1.787 For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2(NJ6 relating to small companies. Direciors, responslbilities.. The members have not required the charity to obtain an audit of its accounts for the year In question in accordance with section 476- and The directors acknowledge their responsibilities for comptying with the requirements of the Art with respect to accounting record5 and the preparation of account5. The financial statements on pages 5 to IS were approved by the trustees, and authorised for Issue on 5 November 2025 and signed on their behalf by- MrRDCalr Trustee BARBARA AND DEREK CALROW CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I Charity statu5 The charity is limited by guarantee. incorporated in England, and con5equentty does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is- Frombury 2 Stonehouse Chapeltown Road Bromley Cr05S Lancashire BL7 9NB 2 Accounting policies Summary of slgnlficant accounting policies and key accounting estimate5 The principal accounting policies applied in the preparation of these financial statements a￿ set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 10211 lissued in October 20191- (Charities SOAP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2fAJ6. Basi5 Of preparation Barbara and Derek Calfow Charitable Foundation meets the definrtK>n of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at histofical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Golng Concern The trustees consider that there are no material uncertainties about the charity's ability to continue as going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charily. Exemption from preparlng a cash flow statement The charity opted not included a cash ftow ststement in these finèr￿181 statements on the bas15 that it is not a larger charity as deifned by the SORP. BARBARA AND DEREK CALROW CHARrrABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income and endowments All income is recognised once the charity has entitlement to the income. it is probable that the income will be recerved and the amount of the income receivable can be measured reliably. Donatlons ond legocies Donations are recognised when the charity h35 been notified in writing of both ihe amouni and settlement date. In the event that a donation is subjett to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not reco8nised until either those conditions are fully met, or the fuifilment of those conditions is wholly within the control of the tharity and it is probable that these conditions will be fulfilled in the reporting period. Expendlture All expenditure is recognised once there 15 a legal or constructNe obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where cosis cannoi be (Jirectly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocaied on the bas15 of time spent. and depreciation charges allocated on the portion of the assefs use. Other support Costs a￿ allocated based on the spread of staff costs. Charitable artivities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and Services for its beneficiaries. It include5 both costs that can be allocated dirertly to such activitie5 and those costs of an indSrect nature necessary to support them. Grontprovlsions Provisions. for grant5 a￿ made when the intention to make a grant has been communicated to the retipient but there 15 uncertainty about either the timin8 of the grant or the amount of grant payable. Support costs Support costs include Central funttions and have been allocated to actNtty cost categories on a basis con51Stent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff c05t5 by the time spent and other costs by their usage. Governance costs These include the costs attribuiable to the charitVs compliance with constitutional and statutory requirements, including audit. strategic management and trustee5 meetings and reimbursed expenses. BARBARA AND DEREK CALROW CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. AccordinEIy, the chartty is potentially exefflpt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusivety to charitable purposes. Tanglble tlxed assets In(Jividual fixed assets are initially recorded at cost. less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depre¢iatlon and amortisatlon Depreciation 15 provided on tangible fixed assets so as to write off the cost or valuation, le55 anv estimated residual value. over their expected useful economic life as follows: Asset class Depredatlon method and rate 25% straight line Motor vehicles Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-temi highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that a￿ available for use at the trustees dIsC￿tion in furtherance of the objectives of the charity. Flnanclal instruments Clossification Financial assets and financial liabiltties are recognised when the charty become5 a party to the contractual provisions of the instrument. Financial liabilitie5 and equity instnjments are dassified attordin¢ to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilttie& BARBARAAND DEREK CALROW CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Recognition andmeosurement All financial assets and liabilities are initialty measured at transaction pri￿ (including transartion costs). except for those financial assets classified a5 at fair value through profit or 105s, which are initially measured at fair value {which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrargement constitutes a financing transaction. the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrurnent. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial a55et expire or are settled, bl the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset. or cl the charity. despite having retained some, but not all, significant risks and reward5 of ownership. has transferred control of the asset to another party. Financial liabilities are derecognised only when the obli8ation specified in the contrart is discharged, cancelled or expires. Investments Investments in non-convertible preference 5hare5 and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measvrablel are measured at fair value through profit or105s. Where fair value cannot be measured reliably. investments are measured at COSt less impairment. Investments in subsidiaries and associates are measured at cost le55 impairment. For investments in svbsidiaries acquired for consideration including the issue of shares qualifyin8 for merger relief, cost 15 measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is i8nored. io BARBARA AND DEREK CALROW CHARITABiE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 3 Income from donations and legacies Unrestrlcted funds Genernl Total funds Donations and legacies.. Donations from individuals 99.700 99,700 Totsl for 2025 99,71JO 99.700 Total lor 2024 149,175 149,175 4 Expenditure on tharitable activities Unrestrlcted funds General Total funds Charitable expenditvre Grant funding of acttvities Allocated support COSts Govern3nce costs 46.642 53.690 21 46.642 53.690 21 1,033 1.033 Totsl for 2025 101,386 101,386 T¢)tsl for 2024 148.681 148,681 li BARBARAAND DEREK CALROW CHARITABLE FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 5 Analysis of g¢wemance and 5UPPOrt costs Governance costs Unrestricted funds General Total fund5 Independent examiner fees Examination of the financial statements Allocated support costs 913 120 913 120 Total for 2025 1.033 1.033 Total for 2024 1.060 1.060 6 Net Incornlngloutsolng rewurces Net loutgoingllincoming resources for the year indude: 21Y25 7 Trustees remuneratlon and expenses No trustee5, nor any persons connected with them. have received any remuneration from the tharity during the year. No trustees have ￿(eIved any reimbursed expenses or any other benefits from the charity during the year. 8 Independent examinees remuneration 2025 2024 Examination of the financial statements 913 940 9 Taxatton The charity is a re8iStered charity and is therefore exempt from taxation. 12 BARBARA AND DEREK CALROW CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10 Tangible fixed a55ets Motor vehicles Total Cost At l April 2024 52.5(Kl 52,5CKI At 31 March 2025 52,SCK) 52,500 Depretlation At l April 2024 52.2C(I 52.200 At 31 March 2025 52,2CQ 52.2C(I Net book value At 31 March 2025 3CMJ At 31 March 2024 3CKI 11 Cash and cash equivalents 2025 2024 Cash at bank 764 2,437 12 Creditors: amounts fallinz due within one year 2025 2024 Accruals 963 950 13 BARBARA AND DEREK CALROW CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13 Funds Balance at I April 2024 Incomi resources Resources expended Balance at 31 March 2025 Unrestricted funds General 1.787 99.7(Xl 1101.3861 ioi Balance at I April 2023 Incorning resouTces Resources expended Balance at 31 March 2024 Unrestricted funds General 1.293 149.175 1148.6811 1,787 14 BARBARA AND DEREK CALROW CHARtfABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14 Analysis of net assets between funds Unrestrirted nds General Total funds at 31 March 2025 Tan8ible fixed assets Current assets 3CO 3fX) 764 19631 764 19631 Current liabilities Total net assets ioi ioi Unre5trirted funds General Total fund5 at 31 March 2024 Tangible fixed as5et5 Current assets 3LXI 3LKI 2.437 19501 2.437 19501 Current liabilities Total net assets 1,787 1.787 15 Related party transactions Ourin8 the year the charity made ihe followin8 related party transactions- Mr D Calrow and Mrs B Callow (Trustees of the Charity) During the year Mr D Calrow and Mrs B Calrow donated cash to the charity. The total aggregate amount of these donations was £119,3CQ12023 .. £136.5(Kll. which is included in appeals and donations. At the balance sheet dale the amount due to/from Mr D Calrow and Mrs B Calrow wa5 £Nil12024- £Nill. 15 BARBARA AND DEREK CALROW CHARITABLE FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Total 2025 Totsl 2024 Income and Endowments from: Donations and legacies lanalysed below) 99,7CKI 149,175 Total income 99.7 149,175 Expenditure on: Charitable activities lanaly5ed below) {101.3861 1148.6811 Total expenditure {101.3861 1148,6811 Nel lexpenditurellincome 11,6861 494 Net movement in funds 11.6861 494 Reconciliation of funds Total funds brought forward 1,787 1.293 Total fund5 carried fo￿ard ioi 1.787 This e does not form art of the statuto financial statements. Page 16 BARBARA AND DEREK CALROW CHARITABLE FOUNDATION DFfAILED STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Totsl 2025 Total 2024 Donotlon5 and legacles Appeals and donations 99.7 149,175 99.7CQ 149,175 Charitable qrtivities Gront5 payable- in5titution5 Repair5 Bank charges Independent examiner's fees Legal and professional fees 153,6901 146,6421 1211 19131 11201 1101,3861 189.1791 158,4191 1231 19401 11201 1148.6811 Thts a e does not fom art of the statuto financial Statements. Page 17