Charity registration number.. 1178930 The Gareth Neame Foundation Annual Report and Financial Statements for the Year Ended 31 March 2025 DSK Partners LLP D S House 306 High Street Croydon Surrey CR01NG
The Gareth Neame Foundation Contents (continued) Reference and Adminislralive Details Trustees, Report 2to5 Independent Examinerfs Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 9t015 Detailed Statement of Financial Activities 16to17
The Gareth Neame Foundation Reference and Administrative Details Trustees B Williams C Slothard G Neame W Townrow Mrs O Long Principal Office Elsley Court 20-22 Great Titchfield Street London W1W 8BE Charity Registration Number 1178930 Registered CIO number CE014426 Indgpondgnt Examiner DSK Partners LLP D S House 306 High Street Croydon Surrey CRO 1NG Page 1
The Gareth Neame Foundation Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Slalemenl of Recommended Praclise applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20161. Objectives and activities Objectives andpolicies The principal objective of the charity is to apply income and all or such part or parts of the capital of the CIO, at such lime or times and in such manner lo, or for the benefit of such exclusively charitable objects and purposes in any part of the world as the Iruslees may in their discretion think fit. Public benefit Trustees have paid due regard lo the guidance on public benefit produced by the Charity Commission and are confident that the work of the charity meets all the criteria for public benefit. Grant makiTng poliT¢igS The trustees consider grant making an effective means of achieving the charity's objects for the public benefit to improve the conditions and lives of people through education, advice and training. All grant propossls must be made in writing. Proposals must explain in detail how the grant will be used and pul forward a strong case for support. The charity Iruslees welcome proposals that support their funding priorities from organisalions and individuals, although the trustees are particularly keen to support the following sectors". education in music & drama, young people, cOnSeallOn & heritsge, the arts generally, veterans and cadets. Page 2
The Gareth Neame Foundation Trustees, Report Icontinued) Achievements and performance Key financial performance indicators The charity Iruslees will take steps to monitor the use of the grant and verify that the grant is used for the purposes that have been agreed. The arrangements for monitoring will vary according to the nature of the grant, bul the charity trustees will always seek lo ensure that the arrangements are appropriate and proportionate. Arrangements for monitoring use of the grant may include asking the recipient to provide copies of fomial records,regular written or verbal updates showing progress to dale, management accounts lo show that funds have been used for the purpose for which they have been awarded and in accordan with the terms of the grant and a final written report on completion of the work fLJnded by the grant. Review of activities During the period, the charity reiVed no donation compared to £350 in 2024. The charity supported 19 different organisalions in the year, with donations totalling £70,650. In line with the charity's objectives the Iruslees made the following donations.. £5.000 lo Together for short lives, £5,000 lo The Ulysses Trust, £2,500 to Household Cavalry Foundation, £2,000 lo Secret Garden, £12,000 to Trinity Laban Conservatoire of Music & Dance, £2,000 to the Royal Birmingham Conservatoire Trust, £2,000 to Royal British Legion, £2,000 to ABF Charitable Trust, £1,000 to The Garrick Charitable Trust, £3,000 lo Pallant House Gallery, £10,000 to the Royal Central School of Speech and Drama, £10,000 to CCF Association, £2,000 to Combat Stress, £2,000 lo Diabetes UK, £5,000 lo Fishmongers Company charitable Trust, £2,500 for Help for Heroes, £2,500 to South Downs National Patk Trust and £150 to Welsh Guards. During the year ending 31 March 2024, the eharity had committed lo contribute donation of £17,666 per annum for 3 years from 2025 to 2027 to the University of Birmingham. As this was a contractual commitment with the agreement signed on 26 November 2023, the trustee set aside the sum of £52,998. This commitment was not recorded in the accounts to 31 March 2024 and as such these accounts have been restated. Financial review Al the statement of financial position date, the funds av8i18ble for distribution were as follows.. £1,154,481 of unreslricled funds", £NIL of restricted funds. Principal funding sources The foundation is primarily funded by Gareth Neame. Policy on reserves The trustees aim lo maintain reserves al a level which would cover any future commitments or expenditure. The trustees consider that the amount will dictate future donations and will consist of donations receied by the charity which are yet to be donated to individual charities and causes. The reserves al the end of the financial period were £1,154,481. Page 3
The Gareth Neame Foundation Trustees, Report Icontinued) Going concern After making appropriate enquiries, the Iruslees have a reasonable expectation that the charity has adequate resources lo continue in operational existen for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going conrn basis can be found in the Accounting Policies. Future development The funding of the charity will continue to be reviewed. The trustees expect lo make donations lo organisations and individuals with the aim of improving the lives of individuals, in line with the charity's objectives and aims. Structure. governance and management Nature of govemiTng document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Constitution The charity is an incorporated foundation, constituted under a Foundation Constitution dated 26 June 2018 and is a registered charity in the United Kingdom, charity number 1178930. Recruitment and appointment of trustees The management of the charity Is the responsibility of the trustees who are elected and co-opted under the terms of the Charitable Incorporated Organisation Conslitulion. Organisational structure and decision making Al the annual trustees, meeting, the Iruslees agree the board strategy and areas of activity for the foundation, including consideration of grant making, investment: reserves and risk management policies and performance. The day to day administration of donations is delegated to the administrator. Induction and training of trustees Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. Specific training is conducted as part of a board meeting where appropriate. Page 4
The Gareth Neame Foundation Trustees, Report Icontinued) Trustee s responsibility statement The trustees are responsible for preparing the Trustees, Report and the financial ststemenls in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi} including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The law applicable lo charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reportsl Regulations 2008 and the provisions of the trust deed requires the trustees lo prepare financial slalements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required lo select suitable accounting policies and then apply them consistently., observe the methods and principles In the Charity SORP., make judgements and eslimales that are reasonable and prudent., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in business. The tfUStees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial Flosition of the charity and to 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The annual report was approved by the Iruslees of the charity on behalf by.. 2311212025 and signed on its B Williams Trustee Page 5
The Gareth Neame Foundation Independent Examiner's Report to the trustees of The Gareth Neame Foundation I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 7 10 15. Responsibilities and basis of report As the charity trustees of The Gareth Neame Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe Act'i. report in respect of my examination of the The Gareth Neame Foundation 's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confimi 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 Garelh Neame Foundation as required by section 130 of the Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements conceming the form and conlenl 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 concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Dhirajlal bhah FLA DSK Partners LLP D S House 306 High Street Croydon Surrey CRO 1NG Date.. 23 December 2025 Page 6
The Gareth Neame Foundation Statement of Financial Activities for the Year Ended 31 March 2025 Unrestricted funds Total 2025 Total 2024 £ (restated) Note Incomg and Endowments from: Donations and legacies Investment income Net gainlloss on investment 350 23,448 71,120 25,642 2,439 25,642 2,439 Total income 23,203 23,203 94,918 Expenditure on: Raising funds Charitable activities Support costs 111,0071 170,6501 17,4671 111,0071 170,6501 17,4671 110,5051 1107,9981 16,7681 Total expenditure Net expenditure Net movement in funds 89,124 89,124 125,2711 65.921 65.921 30,353 165,9211 165,9211 130,3531 Reconciliation of funds Total funds brought forward 1,220,402 1,220,402 1,250,755 Total funds carried forward 12 1,154,481 1,154.481 1,220.402 All of the charity's activities derive from continuing operations during the above periods. The notes on pages 9 to 15 form an integral part of these financial statements. Page 7
The Gareth Neame Foundation (Registration number: 1178930 Statement of Financial Position as at 31 March 2025 2024 £IAs restated) 2025 Note Fixed assets Investments 1,115,370 1,216,032 Current assets Cash at bank and in hand 81,403 63,644 Creditors: Amounts falling due within one year Net current assets 10 24,626 23,942 56,777 39,702 Total assets less Current liabilities 1,172,147 1,255,734 Creditors: Amounts falling due after more than one year 11 17,668 35,332 Net assets 1,154,481 1,220,402 Funds ofthe charity: Unrestricted income funds Unreslricled funds 1,154,481 1,220,402 Total funds 12 1,154,481 1,220.402 The financial statements on pages 7 to 15 were approved by the trustees, and authorised for issue on 2311212025.. and signed on their behalf by.. B Vvilliams Trustee The notes on pages 9 to 15 form an integral part of these financial statements. Page 8
The Gareth Neame Foundation Notes to the Financial Statements for the Year Ended 31 March 2025 1 Aeeounting policies Statement of compliance The financial statements have been prepared in accordan with Accounting and Reporting by Charities.. Statement of Recommended Practi appIlble to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basis of preparation The Garelh Neame Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy notes. Currency The financial statements are prepared in slerfing which is also the functional currency of the charity and rounded lo the nearest Pound. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material Ljncertainlies exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statements. The budgeted income and expenditure is sufficient along with the level of reserves for the charity to be able to continue as a going concem. Page 9
The Gareth Neame Foundation Notes to the Financial Statements for the Year Ended 31 March 2025 (continued Income and endowments All income is recognised in the Statement of Financial Activities once the charity has enlillemenl to the funds, it is probable that the income will be reiVed and the amount can be measured reliably. For legacies, entillemenl is taken as the earlier of the date on which either.. the charity is aware that probate has been granted, the estate has been finalised and nolificalion has been made by the execulorlsl to the trust that a distribution will be made, or when a distribution is reiVed from the eslale. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's Intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been mel, then the legacy is treated as a contingent asset and disclosed if material. Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been mel, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and donated facilities are CogniSed on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtsin services or facilities of equivalent economic benefit on the open market," a corresponding amount is then COgniSed in expenditure in the period of receipt. Income lax recoverable in relation to donations reiVed under Gift M'd or deeds of covenant is recognised al the time of the donation. Income tsx recoverable in relation to investment income is recognised at the time the investment income is receivable. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslruclive 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 lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consislenl with the use of resources. Costs of generating funds are costs incurred in allracling voluntary income, and those incuThed in trading activities that raise funds. Charitable activities and governance costs are costs incurred on the charity's operations, including support costs and costs relating to the g0Veman of the charity apportioned lo charitable activities. Grants payable are charged in the year when the offer is made eXpt in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, bul not accrued as expenditure. Page 10
The Gareth Neame Foundation Notes to the Financial Statements for the Year Ended 31 March 2025 (continued Taxation The charity is exempl from lax on its charitable activities. Fund structure Unreslricled funds can be used in accordan with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular reslricled purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular reslricled purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial stalemenls. Invgstments Fixed asset investments are a fomi of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value al the statement of financial position dale, unless fair value cannot be measured reliably in which case il is Measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading 'Gainslllossesl on investments, in the statement of financial aclivilies. 2 Investmont incomg Unrestricted funds General Total 2025 Total 2024 Income from dividends., Dividends receivable from investments Interest receivable and similar income., Interest receivable form investments 25,048 25,048 22,226 594 594 1,222 25,642 25,642 23,448 3 Expenditure on raising funds Unrestricted funds General Total 2025 Total 2024 Portfolio management costs 11,007 11,007 10,505 11,007 11,007 10,505 Page 11
The Gareth Neame Foundation Notes to the Financial Statements for the Year Ended 31 March 2025 (continued 4 Expenditure on charitable activities Unrestricted funds General Total 2025 Total 2024 £ Irestatod} Grant funding of activities Donations paid lo institutions 70,650 70,650 107,998 70,650 70,650 107,998 5 Support costs Unrestricted funds General Total 2025 Total 2024 Governance costs Independent examinerfs fee 3,138 3,138 2,676 Othersupport costs Bank charges Accountancy fees 4,320 7,467 4,320 7,467 4,086 6,768 6 Independent examinerfs remuneration 2025 2024 Examination of the financial statements 3,138 2,676 7 Trustees remuneration and expenses The number of Iruslees during the year was 512024 - 51. Trustees. remuneration There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024. Trustees. expenses There were no Iruslees. expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024. Page 12
The Gareth Neame Foundation Notes to the Financial Statements for the Year Ended 31 March 2025 (continued 8 Staff costs The average number of persons employed by the charity during the year was 012024 - 01. 9 Fixed asset investments 202S 2024 Other investments 1,115,370 1,216,032 Other investments Unllsted Investments Total Valuation Al 1 April 2024 Revaluation Additions Disposals Al 31 March 2025 1,218,032 1,216,032 114,1071 114,1071 215,005 215,005 301,5601 301,560 1,115,370 1,115,370 Net book value Al 31 March 2025 1,115,370 1,115,370 Al 31 March 2024 1,216,032 1,216,032 Included within £1,115,37012024 - £1,216,032) of Unlisted investments is unrealised gains of £51,033 12024-£71,1201 10 Creditors: amounts falling due within one year 2024 £IAs restated 17,666 6,276 2025 Other creditors Accruals 17,666 6,960 24,626 23,942 11 Creditors- amounts falling due after one year 2024 £IAs rgstated 35,332 2025 Other creditors 17,666 Page 13
The Gareth Neame Foundation Notes to the Financial Statements for the Year Ended 31 March 2025 (continued 12 Funds Balance at 1 April 2024 Incomlng resources Resources expended Balance at 31 March 2025 Unrestrlcted funds General 1,220,402 25,642 91,563 1,154.481 Balance at 1 April 2023 Incoming resources Resources expended Balance at 31 March 2024 Unrestrlcted funds General 1,250,755 23,798 54,1511 1,220,402 13 Analysls of net assets between funds Unrestricted funds General Total funds at 31 March 2025 Fixed asset Investments Current assets Current liabilities Creditors over 1 year Total nel assets 1,115,370 81,403 124,6261 117,6661 1,154,481 1,115,370 81,403 124,6261 117,6661 1,154,481 Unrestricted funds Total funds at 31 March 2024 £IAs restated) 1,216,032 63,644 123,9421 35,332 General Fixed asset investments Current assets Current liabilities Creditors over 1 year Total nel assets 1,216,032 63,644 123,9421 35,332 1,220,402 1,220,402 14 Related party transactions There were no related party transactions in the year. Page 14
The Gareth Neame Foundation Notes to the Financial Statements for the Year Ended 31 March 2025 (continued 15 Prior Year Adjustment The charity had committed lo contribute donation of £17,666 per annum for 3 years from 2025 to 2027 to the University of Birmingham as per the agreement signed on 26 November 2023. This commitment was not recorded in the accounts lo 31 March 2024. As such, we have restated 2024 comparative accounts by recording grants payable to University of Birmingham of £52,998 as expenditure. This effects creditors balance dLJe and nel movement in funds for the year ending 31 March 2024. 16 Donation commitments During the year, the charity commilled to making certain grants after the balan sheet date, which have been treated as a constructive obligation and which have been accrued accordingly. Committed grants falling due within the 12-month period following the balance sheet date amounted lo £17,666 12024 - £17,666) and falling due subsequent lo that dale amounted lo £17,66612024 - £35,332). Page 15