the ashfords foundation Ashfords Foundation (A Charitable Incorporated Organisation) CIO registration number: 1180669 ANNUAL REPORT YEAR ENDED 30 APRIL 2025 46443328,1 the ashfords foundotior) ASHFORDS FOUNDATION ANNUAL REPORT YEAR ENDED 30 APRIL 2025 CONTENTS Page Tru5tees' Report Statement of Trustees & Trustees, Responsibilities Receipt and Payments Accounts 46443328.1483247M. the ashfords foundation ASHFORDS FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDING 30 APRIL 2025 The Truslees of the Ashfords Foundation are pleased to present this report of the Ashfords Foundation (the Foundation) along with the financial slalements of the Foundation for the period 1 Sl May 2024 to 30 April 2025. The Trustees are satisfied that the financial staterTÈnls comply wilh the requirements of the Charities Act 2011, the Charity's Constitution and the recommendations of the Statement of Recommended Practice 2015. The financial statements have been prepared on Legal and administration details Official name of Charity.. Ashfords Foundation Charity registration number.. 1180669 Registered Offi￿. Ashford House Grenadier House Exeter EX13LH Trustees- John Toth {Chair) Zoe Porter Rory Suggeti Barny Croft (resigned May 20241 Bankers- Charities Aid Foundation 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA 46443328.1 the ashfords ioundcition ASHFORDS FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDING 30 APRIL 2025 (continued) Structure, Governance and Managemenl Governing document The governing d(￿Urnent is the Ashfords Foundation Constitution adopted on 12 November 2018 which became recognised by the Charity Comrnission when the Found3tion was registered as a Charitable Incorporated Organisation on 13 Novernber 2018. Related Parties Donations into the Foundation are made by Ashfords LLP, an enlrty in which all the Trustees are members. Objects The primary object of the Foundation set out in its Constitution is to further such charitable purtx)ses (charitable under English Lawl as the Trustees see fit from lime lo time in particular but not limited to the relief of poverty. hardship or distress. the advancement of education and the advancement of health or the saving of lives for the public benefit by making grants. Organisation The Trustee Board sets and oversees the Foundation'5 Strategy and objectives, monitors its effectiveness, and awards grants through the Foundation's two grant programmes. The Trustee Board rneels at least once a year. In the period covered by this Rewrt, the Trustee Board has met two limes. The work of the Trustee Board is supported by members of Ashfords who have raised funds lo support the Charity of the year. The Foundation has no employees. Appointment of Trustees The Trustees are all members of Ashfords LLP and must support the objects of the Foundation. Trustees are appointed by resolution passed at a properly convened meeting of the Trustees. Apart from the first Ttruslees of the Foundation, every Trustee musl be appointed for a term of three years. There musl be a minimum of 4 trustees and a maximum of 12. The Foundation has not yet adopted any tK)licies for the induction and training of trustees. bul these are urKler active consideration. 464433?8.11 the ashfords foundation ASHFORDS FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDING 30 APRIL 2025 (continued) Public benefit The Trustee Board has complied with the duly in section 4 of the Charities Act 2011 to have due regard to public benefrt guidance published by the Commission. Risk management The Trustee Board is committed to the idenlificalKJn and management of the major strategic, business and operational risks which the Foundation faces. The Trustee Board is tasked with identifying the likelihood and impact of any risks. together with such aclK)ns as may be necessary lo mitigate such risks. Objectives and activrties The Foundation's charitable mission is to rnake a real difference in Ihe lives of the communities in which the partners and employ8es of Ashfords LLP live and work. Achievem8nts and performance During the year lo 30 April 2025, a total of £0 of grantsldonations have been paid. The Trustees are grateful to everyone who has previously raised funds for the Charity. Plans for the future The Trustees are assessing the impact that the Foundation's awards have made with a wew to using this information and data lo help thern ensure their grant making activity is focused on supporting the Foundation's charitable mission. The Trustees are considering supporting three charities a year. 46443328,1 the ashlords foundation ASHFORDS FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDING 30 APRIL 2025 (continued) Financial Review During the per￿d to 30 April 2025, the Foundation generated an excess of receipls over payments on unrestricted funds of £26 Revenue grants of £0 were received. Receipts lolaling £0 were received from the partners and employees of Ashfords LLP, via donations and various fund raising activities Ihroughout the period. Investment powers and policy Under the ConslilulDn, the Foundation has the power lo deposit or invest funds, empby a professional fund-manager, and arrange for the investments or other properly of the CIO lo be held in the name of a nominee, in the same manner and subject lo the same conditions as the Iruslees of a trust are permilled lo do by the Trustee Act 2000. Reserves poli¢y It is the Trustees. objective that the Foundation should maintain a positive level Df reserves al all times. Free reserves currently stsnd al £42,714. which is the bank balance as at 30 April 2025 Trustees The Trustees of the Foundation, during the and to the dale of this report, were as follows'.- Mr John Toth, Mr Barny Croft Iresignedl, Mrs Zoe Porter, Mr Rory Suggelt. Constitution The Foundation is a Charitable Incorporated Organisalion. The members of the Foundation are its chanly trustee5 for the time being. If the Foundalnn is wound up. the members of the Foundation have no liability to CDntribule lo its assets and no personal responsibility for settling its debts and liabilities. By order ol the Trustee Board John Chair Ashfords Foundation 11,, February 2026 4s443328.l4￿24￿&u. CHARITY COMMISSION FOR ENGLAND AND WALES A5hlords Foundatlon Receipts and payments accounts CC16a FDr the period from 01105r2024 3010412025 Section A Receipts and payments Unre5thct8d funds to lh• Restricted lunds Endowment lunds Total funds Last ygar io th* n••rwJtÉ tothe Ilè*rn*t£ A1 Rxolpts Dorhabons Fundraiyry trents Interest 86 Sub tgtal(Grt)ss income lor AR) A2 As$ot and Inv•sknent sales, Isee tablel. •8 Sub total A3Pa ents Grant8 dunations P*h4 Bank Int*iESt and tharges Fundfai$ing Sub total A4 Asset and Investmen¢ purchases. Is8e tabl• Sub total To￿1￿￿￿e￿¢S Net 01r￿*lpts/fP*yrnentsJ AS Transl8r5 between funds A6 Cash fvAds last y¥ar ond ash fftsnds thls ygar gnd 42,689 43.71 42,689 42,n4 CCXX R1 accounts ISSI 18109r2025 Section B Statement of assets and liabilities at the end of the pertod Lfjnrestricted funds to n•*MstÈ RestriGtrd funds Endowm•nt fvnds CaiBgtrr'è to to B1 Cash funds 42,714 Total cash funds 42,714 144T¢e b•thrKoIW￿h ￿co￿lS &nd ¥yth¢nlS Unrestricted fund8 to n￿rI•l£ Restrlcted funds tv n•*r•St£ Endowment funds lo n•a¢•gt£ Dètai13 82 Other mon•tary assèts to whkh Cutt*ntv•l Details Fufld th whl¢h •sut ￿lon Curr*ntv*lu* on•1 Details Cmtlopllonall B4 Assets r•tslned for the ¢harÉty'$ own uso F￿nd kn whlch r•latsJ Amountd Wh•0 dv• onal D&tails BS Liabilitl•s S¥nÈd ty one Iwslees on bthalf Df all the trus￿$ Print Name Dale ol roval l¥rn CCXX R2 acwullts ISSI la1￿12025