Charity number: 1181148
BAYSWATER FOUNDATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

BAYSWATER FOUNDATION
CONTENTS
Page
Reference and administrative details of the Charity. its Trustees and advisers
Trustees. report
Indgpgndgnt gxaminerfs rgport
Statement of financial activities
Statement of financial position
Notes to the financial statements
7-13

BAYSWATER FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
James Alexander Herbertson, Chair
Slephan Marios Roussounis
Charity registered
number
1181148
Principal office
167 Queensway
London
W2 4SB
Accountants
Barnes Roffe Advisory Limited
Chartered Accountants
Leytonstone House
3 Hanbury Drive
London
E11 1GA
Page 1

BAYSWATER FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financi81 statements of the Bayswater Foundation for
the year 1 January 2024 to 31 December 2024.
Bayswaler Foundation is a registered charity (charity number 1181481, a Charitable Incorporated Organisation
ICIO) governed by ils Constitution DocumenL
Objectives and activities
a. Main activities undertaken to further the Charty's purposes for the public benefit
The Foundation was established lo advance education for the public benefit of people under the age of 25 years
in the study of the English lanuage and other subjects in such ways a5 the charity tfuslees think fit. In particular,
by, but not limited to, providing grant funding lo overseas schools for the provision of English language lessons,
providing training to teachers andlor the provision of vocational and digital education.
Achievements and performance
a. Main achievements of the Charity
In 2024, Bayswaler gave 25,852 student weeks of English Language classes to people from less priveleged
backgrounds in Brazil, Columbia, Jordan, Mexico, France and the UK.
A student week is defined as at least 3 hours of language tuition and will work on the core skills of reading,
writing, speaking and listening and above all improve the students confidence al communicating in English.
Financial review
. Going concern
After making appropriate enquiries, the Trustees have a reasonable expèctation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
con￿rn basis can be found in the accounting policies.
b. Funding & Unrestrictod Funds
No restrictions are in place and all funds are available to meet the charity's objectives.
Unreslricled funds are donations and other incoming resources received or genefftted for expenditure on the
general objectives of the charity.
Structure. governance and management
a. Constitution
Bayswater Foundation Is a registered charity, number 1181148, and is constituted under a Trust deed.
Page 2

BAYSWATER FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Structurej governance and management {continuedl
b. Methods of appolntment or electlon of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
c. Risk managgmfrnt
The major risks to which the charity Is exposed, as identified by the Trustees, have and continue to be reviewed
and systems and procedures established to mitigate those risks. Those systems and proeedures are monitored
on a regular basis by the frustees.
d. Taxation Status
The Bayswater Foundation is a registered charity and as such is not liable lo Corporation or Income Tax.
ststement of Trustees. responsibilities
The Trustees are ￿spOnsible for p￿parIng the Trustees, report and the financial statements in accordanee with
applicable law and United Kingdom Accounting Stsndards (United Kingdom Genemlly Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees lo prepare financial slalemenls for
each financial year which give a true and fair view of the slate of affairs of the Charity and of ils incoming
resources and application of resources, including its income and expenditure, for that period. In preparing these
financial slalemenls, the Trustees are required lo..
select suitable accounting policies and then apply them consislenlty.,
obsetve the methods and principles of the Charities SORP IFRS 1021",
make judgments and accounting estimates that are reasonable and prudent",
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained In the financial stalemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any lime the financial position of the Charity
and enable them to ensure that the financial slalements comply with the Charities Act 2011, the Charity
IAccounts 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 tsking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved
by
order
of
the
members
of
the
board
of
3011012025 and signed on their behalf by.
Trustees
on
James Alexandor Herbertson
ITrusteel
Page 3

BAYSWATER FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examinerfs Report to the Trustees of Bayswater Foundation I'the Charity'l
report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordan￿ with the
requirements of the Charities Act 2011 I'lhe 2011 ACVI.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
In carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent Examinevs Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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 IFRS 1021 in
preference to the Accounting and Reporting by Charities.. Slalemenl of Recommended Practi￿ issued on 1 April
2005 which is referred lo in the extant regulations bul has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requirements conceming the form and content of
accounts set out in the Charities (Accounts and Reportsl 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 to which
attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
Signed: KAk*&s Eg78
Dated. 30-Oct-2025
Barnes Roffe Advisory Limited
Chartered Accountants
Leytonslone House
3 Hanbury Drive
London
E11 1GA
Page 4

BAYSWATER FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from..
Donations and legacies
Other income
27,854
35
27.854
35
28,597
180
Total income
27,889
27,889
28,777
Expendlture on:
Charitable activities
39,386
39,386
27,274
Total expenditure
39,386
39.386
27.274
Net movement in funds
{11,4971
111.497)
1,503
Rgconciliation of funds:
Totsl funds brought forward
Nel movement in funds
3,298
{11,4971
3.298
111.497)
1. 795
1.503
Total funds carried forward
18,1991
{8.199)
3,298
The Ststement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 7 to 13 form part of these financial statements.
Page 5

BAYSWATER FOUNDATION
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
2024
2023
Note
Current assots
Cash at bank and in hand
Current liabilities
15,301
3,298
Creditors. amounts falling due within one
year
Total net assets
{23,5001
18,1991
3.298
Charity funds
Reslricled funds
10
Unreslricled funds
Gener81 funds
18,1991
3,298
Tot81 unrestricted funds
10
18,1991
3,298
Total funds
18,1991
3,298
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
James Alexander Herbertson
ITrusteel
Dale.. 3011012025
The notes on pages 7 to 13 form part of these financial statements.
Page 6

BAYSWATER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General information
Bayswater Foundation I'the Charily'l is a registered charity, a Charitable Incorporated Organisation ICIOI
govemed by its Constitution Document. Ils registered office is 167 Queensway, London, W2 4SB.
Accounting policies
2.1 Basis of preparation of financial statements
The financial slalements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'lrue and fai¢ view and have departed from
the Charities IAccounls and Reports) Regulations 2008 only lo the extent required lo provide a 'true
and fairf view. This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Bayswaler Foundation meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the
relevant accounting policy.
2.2 Going concern
At the reporting date, the funds were in a delicil. As disclosed under note 9, a Trustee provided
short term loan lo the Charity. Post year end the funds have returned lo surplus and the loan has
been fully repaid.
2.3 Income
Income is recognised in the Statement of Financial Activities once the Charity has entitlement to the
funds, il is probable that the income will be received and the amount of income receivable can be
measured reliably.
Donated services and facilities
Donated ServI￿S and facilities are included in the Statement of Financial Activities when received, at
the value of the gift lo the charity, provided the value of the gift can be meaSU￿d reliably.
Donated services and facilities that are consumed immediately are recognised as income, with an
equivalent amount recognised as an expense under the appropriate heading in the Statement of
Financial Activities.
Page 7

BAYSWATER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.4 Exponditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the Charity lo 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 category. Where costs cannot be directly allributed lo particular headings, they have been
allocated to activities on a basis consistent with the use of resources.
2.5 Cash at bank and in hand
Cash al bank and in hand includes cash and short-lerm highty liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.6 Liabilities and provisions
Creditors are recognised where the Charity has a present obligation resulting from a past even that
will result in the transfer of funds to a third paty and the amount due lo settle the obligation can be
measured or estimated reliably. Creditors are recognised at their settlement amount.
2.7 Financial instrumgnts
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic finanaal instruments are initially recognised at transaction value and subsequently
measured al their settlement value with the ex￿ptIOn of the current asset investment which is
measured at market value.
2.8 Fund accounting
General funds are unreslricled funds which can be used in accordan￿ with the charitable objectives
at the discretion of the trustees.
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Donations
27,854
27,854
Unrestricted
funds
2023
Total
funds
2023
Donations
28,597
28,597
Page 8

BAYSWATER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
other incoming resources
Unrestricted
funds
2024
Total
funds
2024
Other operating income
35
35
Unrestricted
funds
2023
Total
funds
2023
Other operating income
180
180
Anatysis of expenditure on eharitable activities
Summary by fund type
Unrestricted
funds
2024
Total
2024
Course costs
Bank charges
39,085
301
39.085
301
39,386
39,386
Unr8strict8d
funds
2023
Total
2023
Course costs
Contractor costs
17.029
9,995
250
17.029
9.995
Bank charges
250
27,274
27,274
Page 9

BAYSWATER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of expenditure by activities
Activities
undertaken
directly
2024
Support
osts
2024
Total
funds
2024
Charitable aelivities
Bank charges
39,085
39,085
301
301
39,085
301
39.386
Acfrivities
undertaken
directly
2023
Total
funds
2023
Support costs
2023
Charitable activities
Contr8clor costs
Bank charges
17,029
17,029
9,995
250
9,995
250
17,029
10,245
27.274
Anatysis of support costs
Total
funds
2024
Total
funds
2023
Bank charges
Contractor cost
301
250
9,995
301
10,245
Page 10

BAYSWATER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner's remuneration
The independent examinerfs remuneration amounts to an independent examiner fee of £2,500 12023
£Nill.
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023- £NILJ.
During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL).
Creditors: Amounts falling due within one year
2024
2023
Other creditors
23,500
Included within other creditors, is an amount of £23,500 (2023- £Nil) due to a trustee.
Page11

BAYSWATER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. Statement of funds
Statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income
Expenditure
Unrestricted funds
General Funds- all funds
3.298
27,889
{39.3861
18.1991
ststement of funds - prlor year
Balan￿ at
l January
2023
Balance al
31 December
2023
Incoffte
Expenditu
Unrestricted funds
General Funds- all funds
1, 795
28, 777
(27,274)
3,298
11. Summary of funds
Summary of funds- current year
Balance at
31
December
2024
Balance at 1
January
2024
Income
Expenditure
Geneml funds
3,298
27,889
(39,3861
18,1991
Summary of funds- prior year
Balan￿ at
l January
2023
Balance al
31 December
2023
Income
Expenditure
General funds
I, T95
28, 777
(27,274)
3.298
Page 12

BAYSWATER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
Anatysis of net assets between funds
Anatysis of net assets bgtweon funds - current Pgriod
Unrestricted
funds
2024
Total
funds
2024
Current assets
Creditors due within one year
15,301
{23,5001
15,301
123,5001
Total
18, 1991
18,1991
Anatysis of net assets between funds - prior pèriod
Unrestricted
funds
2023
Total
funds
2023
Current assets
3,298
3.298
Total
3,298
3,298
Page 13