## **Tilley Foundation** _**Unaudited Annual Report for the year ended 31 March 2026**_ _**Charity Number: 1184722**_ ## **Tilley Foundation** ## **Reference and Administration details** _Year ended 31 March 2026_ **Charity Name** Tilley Foundation **Registered charity Number** 1184722 **Legal Form** Charitable Incorporated Organisation **Governing Document** Foundation registered 01 August 2019 **Principal Address** 7-9 The Avenue Eastbourne East Sussex BN21 3YA **Trustees** Chair Mr Patrick Tilley Mrs Iwona Tilley Miss Izabella Tilley 1 ## **Tilley Foundation** ## **Trustees' Report** _Year ended 31 March 2026_ The Trustees present their Report and Accounts for the year ended 31 March 2026. The Accounts have been prepared on a receipts and payments basis in accordance with the Charity's Trust Deed, the Charities Act 2011 and applicable law. ## **Objectives and Activities for the Public Benefit** The objects of the Charity allow the Trustees discretion to apply the income and capital of the Charity for such charitable purposes as they from time to time decide. The Trustees confirm that they have referred to the guidance contained in the Charity Commission general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities and setting the donations policy for the Funds will be used to further the Foundation's aims of promoting the advancement of children's education and wellbeing within the Brighton area and the rest of the UK. ## **Achievements and Performance** The Foundation provide a set monthly donation to Time 4 Children a UK registered charity (1111837). In In March 2026, A donation of £4,000 was also made to UK registered charity, Read for Good (1130309). ## **Financial Review** During the year the Trustees made donations totalling £22,000 (2025: £18,000). Income of £0 (2025: £37,500) was received. Free reserves at the year end totalled £16,410 (2025: £39,559). It is the aim of the Trustees to maintain readily accessible cash funds sufficient to fund anticipated charitable donations and administration costs over the coming year. In line with the Trustees' risk policy this will be maintained within bank accounts at present due to the low level of risk free investment that could be achieved. The Trustees aim to maintain reserves to meet their annual costs whilst distributing available income arising, after expenses, to charitable organisations at their discretion and as such reserves are not set at a specific level but will be reviewed by the Trustees on a rolling basis. The Trustees aim to provide donations to a few charities at larger amounts rather than many at smaller amounts and these will be decided by the Trustees on an annual basis. 2 ## **Tilley Foundation** ## **Trustees' Report** _Year ended 31 March 2026_ ## **Structure, Governance and Management** The Tilley Foundation is a Charitable Incorporated Organisation governed by a Constitution dated 01 August 2019. Under the terms of the Constitution there must be at least three Trustees. Apart from the first three Trustees, every Trustee must be appointed by a resolution of the Trustees passed at a special meeting called under clause 15 of the deed. Trustees are selected having regard to skills, knowledge and experience needed for the effective administration of the Charity. The Trustees who served during the year were:- Mr Patrick Tilley Mrs Iwona Tilley Miss Izabella Tilley All Trustees give of their time freely and no Trustee remuneration was paid in the year. Trustees are required to disclose all relevant interests and to withdraw from decisions where a conflict of interest arises. The Trustees' Report was approved by the Board of Trustees. ## **Approved by the Trustees and signed on their behalf by:** **……………………………………………………………….** Mr P A Tilley **Date:** 30 July 2026 3 ## **Tilley Foundation** ## **Chartered Accountants’ Report to the trustees on the Unaudited Financial Statements of Tilley Foundation** _Year ended 31 March 2026_ In accordance with the engagement letter dated 17 March 2025, in order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the accounts of Tilley Foundation for the year ended 31 March 2026 as set out on pages 1 to 5 from the charity’s accounting records and from information and explanations you have given us. As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/. This report is made solely to you, the charity’s Board of Trustees, as a body, in accordance with the terms of our engagement letter dated 17 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Tilley Foundation and state those matters that we have agreed to state to them in this report in accordance with ICAEW Technical Release 08/16 AAF as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its Board of Trustees, as a body, for our work or for this report. You have approved the financial information for the year and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation. We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information. ……………………………………………….. Humphrey & Co Chartered Accountants 7-9 The Avenue Eastbourne East Sussex BN21 3YA **Date** 30 July 2026 4 ## **Tilley Foundation** ## **Receipts and payments** _Year ended 31 March 2026_ |**Receipts**
Donations received
Gift Aid
**Total Receipts**
**Payments**
Grants and donations paid
Accountancy fee
Bank charges
**Total Payments**
**Net of receipts/(payments)**
**Cash funds last year end**
**Cash funds this year end**|**Year ended**
**31 March 2026**
£
-
-
-
22,000
1,140
9
23,149
(23,149)
39,559
16,410|**Year ended**
**31 March 2025**
£
30,000
7,500| |---|---|---| |||37,500
18,000
900
-| |||18,900
18,600
20,959| |||39,559| All funds are unrestricted. 5 ## **Tilley Foundation** ## **Statement of assets and liabilities** _Year ended 31 March 2026_ |**Cash funds**
Bank accounts|**31 March**
**2026**
£
16,410
16,410|**31 March**
**2025**
£
39,559| |---|---|---| |||39,559| All funds are unrestricted. ………………………………………. **Mr P A Tilley** ………………………………………. **Mrs I D Tilley** **Date** 30 July 2026 30 July 2026 **Date** 6