Doujsw Efjvdope ID. EO2&4153-9E4HF7A6EE0lAFf3 BELRON RONNIE LUBNER CHARITABLE FOUNDATION Annual report and financial statements Registered tharity number 1186189 31 December 2023
DoCugn Envdope ID ED2&41S>9E4>4F7O&iEEVl7F?88 BELRON RONNIE LVBNER CHARITABLE FOUNDATION Annual report and financial 5tatÈmpnt5 31 Otr¢embtrr 2023 Contents Ref8rence and administrative infom)atKJn Truslè85' annual report Indep8ndenl auditor's report statement of financial activities (incord.ng an irrne and expenditure accx)untl Balance Sheet stalemenl ol cash flows Notes to the financial staternents 7-10 12 14_L7
DocJJ51gn Envdope ID. ED28A1S3-9E434F7D&OEEolM7F388 BELRON ROPINIE LUBNER CHARITABLE FOUNDATION Annual report and finan¢ial statements 31 December 2023 Reference and administrative information for the year ended 31 Dec¢mber 2023 Charity Name Belron Ronnie Lvbner Charitable Foundation Charity Number 1186189 Operational Address CIO The Trust Partnership Ltd 6 Trull Fami Buildings Trull Telbury GL8 8SQ Trustees Gary Lubner Ichairmanl Robert 8a55- resigned 1 Juty 2024 Susan Ortnisto Christopher Syke5 Galina Herzig- resigned 1 July 2024 Ryan Trietweiler- resigned 1 July 2024 Clare Peth"tt- apw)iNted 1 July 2024 Steven ChrislophoU- appointed 1 July 2024 Wendy Bradshaw- appointed 1 July 2024 Bankors Baidays Private Bank One Sianhope London WIK IAF Auditor DunkleYs Slatulory Auditor Charted Accountants W(x)dlands Grange W)dlandS Lane Bradley Stoke Bristol 8S32 4JY nvestment mana9er Cazenove Capilal S¢hroder & Co Limiied 1 London Wall PLqce London EC2Y SAU
Docusvw Envdope ID. ED2&4153.9E4>4F7wEEO1AA7F BELRON RONNIE LUBNER CHARITABLe FOLIMDATION Annual report and financial statem•nt5 31 Oecomber 2023 Report of the Trustees for the year ended 31 Dectmber 2023 The Be1ron Ronnie Lubner Charitsble Foundation I'Foundation'l Twstees Psent their annual report and the audited financial statements ltsr the year ended 31 Dember 2023. The fwndab'on was fegistered as a charitable incorporaled organisation I'CIO'I on 6 Novernb 2019. Reference and adrninistralive infrlmiabon set out on page 3 loms part ol this POrt. The financial statements cornply with statutory requirertienls, and the requ1mentS ol the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charib.es pparing their accounts. Obje¢tive5 and a¢tivitie$ The objects of the Foundation are such objecls and purposes in any part of world as are exdusively charitable in accordan with the laws of England and Wa18s su*-ect to dause 3.2. 3.2 Nothing in this constitutMM shall aUthIs8 èn aprfKènt ollhe property of the Foundatll for th8 puwses which 8r& not chaiitable in accorclan¢e with Section 7 of The Chanties 8nd Tnjstee investment (Scotland) A¢t 2005 and Section 2 ofthe Chariti8sAct (Northern Ir813nd) 2(K)8. The Foundation gives grant5 to chartties and other voluntary bodies with a focus on grant maknng activity in support for children and young people. The foundation of the charity ¢x>inaded with e beginning of the Covid-19 pandemi¢. When the charity founded. Ihe Truslees intended to focus grant makin9 activity in support for children and young people, and while this remains a priority, th the Trustees, power lo support all charitable purpose5, this has enabled the focus to indude supporbng Organisatn5 affected by the global Covid-19 pandemic crisis. The Trustees confirrn that they have referred to thè guidance contained in the Charity Comrn15sion's general guidance on public benefit when reviwng the Foundation's atrns and objectives, in planning future activities and setting the grant making policy for the year. The charity wnslitutes a public benefit entty as defined by FRS 102. Achievements and pertormance The Ftyjndation made grants to charitable organi5ations totaning Q.594,299 12022- 0.003,4601 during the year ending 31 December 2023. suppcxting 318 12022.. 3241 charities. These organisatr'ons have been helping peorde in many ways incjuding th trainiryj and education, food parcels and feeding programrn8s, mental h8alth sUPrt, access lo accommodabon. family support, support for emergency workÈrs, and providing shelter fly vKlims of (knmestic violen. Plans for the future The Foundation is commencing work lo lomlIse its giwng efforts by designin9 an impact strategy building on it5 values. Structure, Governance and Management The charity is a Charitsble Incorporated organi5ats.on govemed by ils consbtution and registered as a d)arity under th8 Charities Act 2011 on 6th Novwber 2019. Charity Registration nurnr 1186189. The Board keeps the ski11 reqU1ments lor Ihe Trustee Body u18r review. In the event ihal a Trustee perfflanenly relires. or additional llew Trustees are required the Board will recruil new Truslees. The Foundation recruits appropriately Qualified Trustees from bolh wthin and ouiside lh8 Belron Gioup. The induction process for any newly appointed Trustee comprises an inits.al meeting with the Chair and the Board, rollowed by a briefing on Investment strategy. the grant making process and powers and SponSIbl11ÈS of the Trustee Board. The welcome pack include5 copie5 of recellt minutes of Twstee meeng5. the financial statements of th8 Foundation and a copy ol the Charity Commission's guidance 'The Essential Twstee_' What You Need to Know..
Docu51gn Envelcy ID. ED?8A15>9E4>4F7AsD0EE0l7FJ88 BELRON RONNIE LUBNER CHARITABLE FOUNDATION Annual report and linan¢ial statements 31 Decefflber 2023 Report of the Trustees for the year ended 31 December 2023 {continuedl Key Management Personnel The Trustees are the key management of the charity and are responsible for conlrolling. running. and operab.ng the charity on a daily basis. The Trustees re1ve no mneration. AdminÉstration Th8 Foundation is administered by The Trust Partnership wth additional sAJpport lor govemance and financial management provided by staff al the Belron Group I'Belron'l on a pro bono basis. Flnancial Review Financial Review Th8 results for Ihe Foundation for the year ended 31 December 2023 We in line with the Trustees, expectations, with income in th8 year 01 É801.13512022." É150.0001. The charity has dose ties wlh the 8elron Group. Gary Lubner (resigned 28 February 20231 and Susan Omiston a diTeclors ol Belron Inlemational Limited and trustees ol the Foundats"on (please see note 101. Gary Lubner is a board member of the Belron Groups parent company, Belron Group SA. In 2023 general fvnds of Q31.13S112022.' É150.ODOI were donated by Belron to the Foundabon. Investment pollcy The Investment policy of Ihe Trustee5 15 to maintain th8 urKlerlying value of Ihe Foundation's investments in line with inflation. while seeknng io maximise toial retum fvom capital by investing in bonds and stocks held lor capital growth. Reseryes Pollcy The Trustees, Reserves poficy is to opèrate on Ihe basts to have 5uffirAen( income Io use towards meetin9 their charitable objects. The Trustees are of the opinion that the charitys funds of É13,806,745 on 31 December 2023 together with anticipated donations MaIn suffiuenl lo enab18 thern to rA)ntinue this ongoing objective. The charity has sufficient but nol excessive lund5 to rnainlain its current level of tharitable di5tribubons Risk Management The Trustees have idenlifie¢J four main aTea5 01 risk.. Govemance and management Operational Finanual Reputational Governance and management The Trust80s consider thèir Board Mernbers. their legal advisers. Administrators and The Trust Partnership, to bg well qualified and with a sufficiently broad range of experience lo un¢Jertake their duties effectively and properfy. The Tiustees are well briefed and comrnitted to furthering the objects of the Charity and have in place effective controls. policies. and procedures to ensu. as fai as possible, that the busines5 of the charity 15 Tun properfy, economically, and salely.
Dowsw EnOpe10 ED2&4I-9E434F70EEo1AA7F3sS BELRON RONNIE LUBNER CHARITABLE FOUNDATION Annual report and finaTh¢ial ststements 31 December 2023 Report ofthe Trustee5 for the year ended 31 December 2023 l¢ontinued) Operational Grant applications are scrutinised by ihe Trustees. The Tnjstees Ihernselves are suffiaently qualified to ensure that grant5 are made in line with the airns and objectives of the Charity. The risk of making inappropriate grants is minimised by conducting appropriate due diligen checks. Where appropriate, all benefjciaries are required to undertake to retum the funds rf they ar8 not Used approwiatèly. Th8 day-to-day adminislralion 15 handled by The Trust Partnership SLKPPOrt from employ88s of Belron. who provide their lime pro bono. All data is stored securely and appropriately backed up. Flnanclal Budgets and management accounts are prepad by Belron empbyees on a pro bono basis and annual accounts are also prepared by them for audit. The Trusiees belteve that the reports they reWe, 8nd the suub.ny ol their advisers leave Iltue risk ol mislnlerprelation 01 mismanagement. Reputatlonal The Tru5tee5 believe that there is little risk lo the fepulation ol the Charity through its as50Ck4tv)n wth donors. its professional advisers and its benefiaries. Having assessed the major risks to which the charity is exposed. in partiojlar (l)ose relating lo its investrnenls and its finances, the Trustees believe that by monitoring reserve levels. ensuring that trOl$ exist over key financial syst8rns. and examining th8 operats.onal and business ri5k5 faced by Ihe Charity. they have estsblished effective systems lo mitigate those risks_ ststement of Trustees, responsibilities The Trustees ère re$SitIe for preparing the Trusiees. RerKJrt ar the financial staterTrents in accordan with applicab18 law and Unit8d Kingdorn Accounb"ng Standafds (United Kirodom Generdlly Accepted Accounting Practi1. The law applicable to charities in England & Wales requires the Ttustees io prepa finanual statement5 lor ead) financial year which give a true and fair view ol the state ol affairs of the Charity and of the incoming resour5 and application ol oUrCeS of the charity for that year. In Fxeparing these financial statements, the Trustees a required to". select suitable accounting policies and apply them consislenuy observe the methods and principles in Ihe Charities SORP make judgements and estimates Ihat a asonable and prudenl state whether applicable awountin9 Standards have been folkjwed, disclosed and explained in the finanual statements Prepa the firtanoal statemenis on Ihe gotng COrM basis unless it is inappropriate to presume that the ch8rily 11 continue in busines5. The Trustees are responsible for keeping adequate reco$ that disdose with reasonable accuracy al any time the rinancial position of the charity and enable Ihem to ensure that the finanaal 5t3tements comply the Charities Act 2011. They are also responsible for safeguar¢Jing the assets of Ihe charity and for takirig reasonable steps for the prevention and deteclion of fraud and other irregularities. The Ttuslee5 a responsible for the rnaintenarn and integrity ol the charity and finanoal inf0matn induded on the charitys w8bsite.
Doewgn EDveWID." ED2BA15>9E434F79-A6DE0lAA7F388 BELRON RONNIE LUBNER CHARITABLE FOUNDATION Annual report and liThancial statements 31 December 2023 Report of the Trustee5 for the year ended 31 December 2023 Icontinu8d} Independent auditor Dunkley's were aptK)inted as Ihe charitys 8uditor during the year and has expressed its willingnes5 to COTTrb"llue in that C3pacity. This report was approved by Ihe Trustees on 16 Odober 2024 and signed by.. Gary Lubner Chalmian Date.. 16 October 2024
Docu51gn Envdor ID." ED2a41$3-9E434F7VfjD8EEo$AA7F BELRON RONNIE LUBNER CHARITABLE FOUNDATION Annual report and fiThancial statement5 31 De¢mb8r 2023 Independent audito$ report to the members of Belron Ronnie Lubner Charitsble Foundation Oplnlon We have audited the finanoal stalements of Belron Ronn Lubner Charitable Foundats"on Ithè'charity'l lor the year ended 31 Decernber 2023 which comprise the Statetnent of Financial ACtities, the Balance Sheet. the Cash Flow Stslemenl and notes lo the financial staternents. including a sumrnary of 5ignfficant accounting polioes. The financial reporting framework that has been applied in their preparatw is applicable law and United Kingdotn Accounting Standards (United Kingdom Generally Aepted Ao%unting Prdcticel. In our opinion the finanual statements: give a true and fair view ol the slaie of the charitys affairs as at 31 December 2023 and of its incoming resources and applicatKJn of resources, for the year then ended- have been propèrfy prepared in accordance wth Unrted KiThJdom Generally Awpted Accounting Practs"ce: and have been prepared in accordance the requirements ofthe CharitsACt 2011. Basis for opinion We conducted our audit in aOrdanCe vthh International Stsndards on Audth"ng IUKI IISAS IUKII and applicable law. Our responsibilities under those slandaids are further descffjbed in the Audilors. responsibilities for the audit tsl the financial statements section ol our reporL We are independent of the charity in accordan wlh Ihe elhical requirements that are relèvant to our audit of the financial slalements in the UK. including the FRC'5 Elhi¢al Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. believe that the audit evidence we have obtsined is suffiuent and appropriate to provide a basis for our opinion. Concluslons relatlng to golng con¢em In auditing the firiallcial slatemenls, we have conduded Ihat the trusiees. use of the goirvJ concem basis ol accounting in the preparaon of the finanua5 staternent5 is appropriate. Based on the work we have perft)m)ed, we have ideth.fied any material uncertainties relating to events or conlitions that. indwidually or collect5vely. may cast significant doubt on ihe charit$ ability lo continue as a going concern for a yeaT ol atleast twelve months from when the finanual statements a authorised lor issufy. Our re5ponsibilitl85 and th8 ¥espo¥)sibilitiès ol the trustees wth respeci to goiro Cern ar8 d8scrib8d in the relevant sections of this report. Other information The trustees a responsible for the olher infomiation. The other infomiabon cofflpri5es the information induded in IheAnnual Report, other than the Iinanoal staiements and our Report ol the IndependentAuditors thereon. Our opiniDn on the firianaa5 statements does not cover the olher infomiabon and. except to the extent otherwise explicitly stated in our port. we do rK)t express any form ol assurance condu511)n thereon. In conneclion with OUT audit Df the financial staternents, our re5POf15ibility is to atY the other information and. in doing 50, consider whether the olher infomalion is materially inconsistent wth the finanaal slaternenls or our knowledge obtained in the audit or otherwise appears to be matenally misstated. If we identify such material inconsistencies or apparnI malerial misslalemenls. we a required io determine whether this gives rise to a material misstatement in Ihe financial statements themselve5. If. based on Ihe work we have perfortned, we conclude Ihal the is a material misstatement of this other information. we are required to report that fael. We have nothing to report in this regard.
t)w&gn Envelope ID ED28Al5mE4>4F7tsD&oEEo7M7F388 BeLRON RONNie LUBNER CHARITABLE FOUNDATION Annual report and financial 5tatemont$ 31 De¢emb8r 2023 Independent auditoVs report to the members of Belron Ronnie Lubner Charitable Foundation Icontinuedl Matters on whi¢h we are required to report by exception We have nothing to report in respect of the ftAlowing matters where Ihe Charib"es IAccounts and Reportsl Regulations 2008 requires us to rerM)rt io you rf. in Dur optnion.. the information given in the Rerth of the Trusiees is irKonsislent in any material pect with the financial slatemenls", or sufficient accounting records have rK)t been kept,. or the finanual slaternenls are not in agreement wth the a{Xnting re(x)rds and retums.. we have not ceiVed all Ihe inftxmats.on and eXanationS we require for our audiL Responsibilities of trustees As explainéd morè fully in Ihe Ststernent of Tmstees. Responsibilities. the Imstees are responsible for the preparation of the financial statements which give a Inje and lair wèw, and for such inlemal control as the trustees determine is necessary to enable the preparation of financial slatemenls that are free Irom material misstatement. whether due io fraud or error. In preparing the financial statements. the truslees a reSponsie for assessirKJ the charsvs ability to continue as a 90ing Con, disclosing, a5 applicab18, Matters r8lated to 90ing concem and using the going concerr? basis tsf accounliro unless the trustees either intend io IUldate the chality or 10 cease operations. or have no realistic alternative but to do so. Auditorf5 responsibililies forthe audit of the financial statements We have been appointed as auditors under SeclK)n 144 of the ChwbesAct 2011 and reFXJrt in accordance with the Act and rdevanl regulations made or hawng effect thereunder. Our objectives are to obtain asonable assuran aboul whether the financial statements as a whole are free from material rnisstaletnent. whether due lo fraud or error, and to 155ue a Report ol the Independent Auditors that include5 our opinion. Reasonable assurance is a hÈgh level of assuran, but is not a guarantee that an audil conducted in accordan with ISAS IUKI wll aayS delect a rnalerial misslaternenl when il exists. M155laletnents can arise from fraud or error and a n$Iered material il. individually or in (he aggregaie. they could reasonably be expected to influence the economic decisions of users taken on the basis of ihese financial statements. IrgUlaritieS. including fraud, a instances of non-compliance laws and regulations. We design procedures in line with our responsibilitie$, oudined above. lo delect material misstatements in respect of irregularities, including fraud. The extent to which our prctedures are capae ol delecb.ng irreguL4ribes, induding fraud is detailed below.. Extenl to which the audit was eonsidered Capable ol detecbng irregularibes, induding fraud. We identify and assess the risks ol material misstatement of the financial statements, whether due to fraud or error, and then design and perform atKlil predureS r8sponsive to those risks. induding oblaining audit evid8n¢e that 15 sufficient and appropriate to provide a basis for our opinion. Idenlilying and assessing potential risks relaled lo irwularities.
DoCug Envelope ID ED28A1s>9E434F7DEEo17F388 BELRON RONNIE LUBNER CHARITABLE FOUNDATION Annual report and finan¢ial statements 31 Decernber 2023 Independent auditorfs port to the members of Belron Ronnie Lubner Charitable Foundation Icontinuedl Auditor's re5pon5ibilities for the audit of the financial statements Icontinuedl In identifying and assessing risks of rnaterial misstatement in respect of IrregularitS, induding fraud and non- compliance with laws and regUlatn$, we considered the followirvJ'. The nature of the charitable sector. contrd enwronmenl awKI perfoffi)an indudirvj the design of the organisalion's remuneration policies.. Any matters we identlfied. hawng oblained and reviewed ihe ganIsation'S do(rnentatiON ol their poliries and procedures re131ing lo.. Idents"fying, evaluating and ComY1ng vrith LAW5 and regulations ènd whether they were aware of any instances of non-cornpliance., Detecting and responding to lh8 risks of fraud and ether they have knowledge of any aclual. suspected or allege(I fraud". The inlemal controls established lo mibgate risks of fraj or non-CL¥MF4iance wth law$ and regulatlOn5'. The matters discussed among the audil en9a9ernent tèam tsgaTding how and where fraud might occur in the finan(ial 5t81ements and any potential indicators of fraud. As a result of these procedures, we considefed the opportunities ircentives that may exist within the organisatK)n for fraud and identified the greatest polential for frau¢J in the areas of rnanagemenl tsverride ol controls. going cOrM. Fevenue recognilN)n. and the appropriateness of gxpenditure. We also obtained an understanding of the legal and rggulaiory fr8m8work that the or9ani$ation op8r8t8s in. focusing on provisions of Ihose laws arKJ regulations Ihal h&J a direcl effecl on l*e delertnination of material amounts and disclosures in the finawial stalements. Audit response to rfsk$ klentified Our procedures 10 respond to risks identified induded th8 followin9: Enquiring ol management. conceming actual and potenb.al lilvJalion and daims.. Subslanlive testing to vouch source records to th8 finanaal 5taletnenls; Performing analytical pr(edu$ to identify afby unusual or unexpected relaonshIpS that rnay indicate risks of m8terial tnissiaternent due tts fraud.. Enquiring of managernenl the intemal controls in. evaluabng each control ftsi weakness and vouching to evidence ol the control taking ace.. In a0$S1n9 the risk of fraud through tnanagement override ol controls. testiry the appropriateness ol joumal entrie5 and other adjustments.. assessing whelher the judgements made in making a(xounting estimates are indicative of a potential bias,. and evaluating the business rats"ona of any significant transactions Ihat are unusual or outsoe the normal rA)urse of business. We also cotnmunicaled levant identified laws and regvlations and potential fraud risks to all engagement teatn members, and remained alert to any indications ol fraud or non-CX)mpliance with laws and regulations throughout the audit. A further description of our re$rsIbIlitieS for the audit ol the finanual statements 15 located on the Finanual Reporting CounciS's website èt vhyw.frc.org.uklaudiiorsresponsibilities. This de5CltpDon foms part of our Report of the Independent Auditors.
DouJ519n Envdope ID ED2aA15>9E434F7VSDEEolu7F388 BeLRON RONNIE LUBNER CHARITABLE FOUNDATION Annual report and finan¢ial 5tatement5 31 December 2023 Independent auditor's report to the members of Belron Ronnie Lubner Charitable Foundation Icontinuedl Use ol our report This report is made solely to the tharity's truslees. as a t)tKly. in accordance wth Part 4 of the charib.es IAccounts and Reports) Regulations 2008. Ovr au¢Jit work has been undertaken so that we might slate to the charity's Iruslees those mallers we are required lo state to thern in an auditors. rewt and for no other purpose. To the lullest extenl p8rmitted by law, we do not a¢pt or assume responsibility to anyone othgr than the charity and the charills Iruslees as a body. for audit work. for ihis reporL or for the wnions we have formed. DUnkleS Statulory Auditor Chartered Accountants Eligible lo act as an audrtor in leims ol Section 1212 of Ihe Companies Act 2 Woodlands Grarye Woodlands Lane Bradley Stoke Bristol BS32 4JY Dale.. 10
Do¥Ign Erwdope ID." ED2&41S>9E434F7ASD&0EEolAA7F388 BELRON RONNIE LUBNER CHARITABLE FOLINDATION Annual report and financial statements 31 Dectrmber 2023 Statement of financial activities for the year ended 31 December 2023 Unrestricted & Total 2023 Unrestricted & Total 2022 Note Incomin¢J resources fmm.qenerated funds Donations 801.135 520.643 1,321,778 150.000 118,589 268.589 Investment income Total income Charitsble activities Total expenditure 12,808,097) 12,808,097) 13.057.398) 13.057,3981 Gain I Ilossl on investments (Lossl on revaluation Net expenditure anij net movement of funds Total funds al slari of the period Total fund5 at end of the period 315.384 11.7631 11,172,698) 14,979.443 13,806,745 12,238,426) 110,5691 15.037,8041 20,017,247 14,979.443 All results arise from conb"nutng operalions. The accompanying notes on pages 14 to 17 forrn an inte9ral part of Ihese financial statements. There were no ¢gnised gain5 and b55e5 Other than a5 disrjosed aiK)ve. The Charily only has one type of fund. 11
Dwsiyn Env¢lor* ID." ED2BA15&9E434F7M6DEEolAA7F3B BELRON RONNIE LVBNER CHARITABLE FOUNDATION Annual report and financial statements 31 December 2023 Balance sheet at 31 Decernber 2023 Unrestricted & Total 2023 Unrestricted & Total 2022 Note Non current assets Investments 3,640,271 3.640.271 13.037.389 13,037.389 Current assets Cash at bank and in hand Accrued income 10.854.220 28,398 10,882,618 2,114,364 2,114,364 Creditors.. Amounts falling due within one year (716.1441 1172,3101 Net current assets 10.166.474 1,942,054 Net assèts 13,806,745 14,979,443 Funds Unrestricted Funds 13.806,745 13,806.745 14.979,443 14.979,443 The accompanying notes on pages 14 to 17 fomi part of these financial slatements. These financial statements were approved by the Trustees on 16 October 2024 and signed on bèhalf by.. Gary Lubnèr Chairman 12
Envew ID ED2aA19E434F760(EEO17F388 BELRON RONtrIIE LUBNER CHARITABLE FOUNDATIO Annual report and financial statements 31 December 2023 statement of Cash Flows forthe year ended 31 December 2023 Unrestricted & Total 2023 Unrestricted & Total 2022 Note Cash lutillsedl I generated by operating activities 11.446.8821 7,653,247 Cash flows from Investing actlvilles Investments Intest reiVed 10,012,517 174,220 10,186.737 17.335,0001 1,614 17.333.386) Increase in cash and cash equivalents 8,739.855 319.861 Cash and cash equivalents at the beginning of the year 2,114.364 1,794.503 Cash and cash equvalients at the end of the year 10.854.219 2,114,364 Reconciliation of net cash tlow to movernent in net funds Change in net funds Opening balance Closing balance 8,739,855 2.114,364 10.854,219 319,861 1,794.503 2,114,364 The accompanying notes on pages L4 to 11 fomi part ofthesè finanual statements. 13
D9n EnvdOk ID EO2&415>9E434F7wDEE0I7F388 BELRON RONNIE LUBNER CHARITABLE FOUNDAnON Annual report and financial statements 31 December 2023 Notes tr) the Financial Statements for the Year Ended 31 December 2023 1 Accounting policies The principal accounting pdicies ad¢)pled. judgements 8nd key source5 of esb'mation and uncertainty in the prgparation of the financial statetnents ale as follows". 1.1 Basis of preparation of financial statements The Belron Ronnie Lubner Charitable Foundatton is an incoryM)raled thatty registered in Eng18nd & Wales wth th8 Charity Commission. The address of the registe office is given on the conlents page and the nature of Ils operations is sel out in the report of the Directors. The ffinanci815tatemenls have been prepared in accordance with Accounting and Reporling by Charities.. Statement ol ReCMended Practice 2nd edition Issued in October 2019 and applicable to charities preparing their accounbng irh accoidance wth the Finanaal Reporting Standard applicable in the UK IFRS102- effecb.ve 1 January 20151 U)e Finan(4al Reporbng Standard applicable in the United Kingdom and the Republic of Ireland and the Cornpanies Act 2006. The preparation of financial statements in compliance with FRS 102 requi$ the use of certain uitical accounting e5tirnates. It also requires management lo exerose judgement in applying the Charitys acwunling policies. The fvnctitsnal currency ol the Belron Ronnie Lvbner Charitable FOUndatic is Euro be(xuse that is the currency ol the primary economic environment in which the cornpany opeTate5. 1.2 Going concem As described in the Trustees. Report. the truslees consider that the charity has adequate sOUrceS available to it to continue in operational existence lor the foreseeable fulure. Accordingly. try have adopted the going concem basis in preparing the financial statements. 1.3 Income All income is recognised oncg Ihe Chanty has entiuemenl lo the resources, it is probable that th& resourc8s wll b8 rec8ived, and the monelary value ol income can be Measu wlh sufficient reliability. Donations ale accounleLI lor when receivable. 1.4 Expenditure Expendilure, which is chzrged on an accnjals basis and has been dassified under headings that aggregate all costs related lo the calegory. Charitable expenditure comprises those cosis incurred by th8 Charity in the dglwery ol its activities and services for ils beneficiaries. 11 includes both costs that can be allctsled dillY io such aclivitse5 and those costs ol an indirect nature ne$sary to support them. 1.5 Current 25sels A currenl asset is an asset that is cash. an equity instnjmenl of another entty, a cor5tractual right lo re1ve Cash and are measured at atnortised cost. 1.6 Current liabilities A current liability is a contractual obligation lo delNer cash w another financial asset lo another entity. Curient liabilities are measu4 using the historical cosl convenbon and are recognis8d when there is an obligation al the balance sheet dale as a result of a past event, it is probable thal a Iransler of economic benefit will b8 required in settlement, and the amount can be eslimaied reliably. 14
DOCUg Envelope ID ED28A153-9E434F7W6DMEE01A47F38B BELRON RONNIE LUBNER CHARITABLE FOUNDATION Annual report and financial statemeThts 31 Dtrcember 2023 Notes to the Financial Statements for the Year Ended 31 December 2023 leontinutdl 1.7 Non-current investments Investments are shown al fair value less amwnts written off. Piovisons are made for any impairment in value. Income is induded in the finanoal staternents ol the year in which re1Vable. 2 Donation5 2023 2022 Donations received 801.135 150,000 3 Other income 2023 2022 Oividend and sirnilar income Interest receivable 317,254 203,389 520,643 116.709 1,880 118,589 4 Charilable a¢tivitie$ 2023 2022 Donations lo Qlher chèritie5 Support costs 2,594.299 213,798 2,808,097 3.003.460 53,938 3,057.398 4.1 Donations to other charities Donatations to other charities 2023 2022 Gift of Givlng Disasters Emergency Committee Afrika fikkun The Field Band Foundation sos wios Action Medeor Other indiwdually immaterial 199.330 90.000 225,000 92,000 115.667 102.833 1.079.500 1.490,775 Ongoing Donations Alrika fikkun The Field Band Foundats"on 349,718 230.503 579,106 296.274 other Tabletochki Other individually immaterial 100,000 413.080 3.003,460 233.973 2,594,299 15
i)ocugw Envdope ID ED2&41-9E434F7swEEol7F BELRON RONNIE LUBNER CHARITABLE FOVNDATION Annual report and financial statements 31 D8¢omber 2023 Notes to the Financial Ststements for the Year Ended 31 December 2023 (Continued) 4.2 Support costs 2023 2022 Charity administration lees Inveslrnent fees Govemance costs laudil & a¢tancY fee51 Bank chaige5 185.428 23,588 1,388 3.393 213,797 37.164 9,497 5,539 1,738 53,938 5 Investments Investmenis ar& stated at market value. Realised and unreali5ed gains and losses on Investments are dealt with in th8 Staiemenl ol finanoal acbvitie5. Inve5trneDt inwme is credited to in(x)rne an accrual basis. 2023 2022 Opening market value at 1 January Additions during the year at C05t Disptssals Investment income Investment lees Unrealised gains I Ilossesl Closing marke¢ value at 31 December 13.037.389 7.830,144 7.335,000 110.012,5171 318,025 118,0101 315.384 3.640.271 116,975 16,3041 12.238,4261 13.037.389 Inveslments al market value compris8d'. 2023 2022 Equities Bonds Multi-asset funds Cash 2,S17.366 424.787 537.348 160,770 3,640,271 5,967,805 4,691.748 1.295.261 1,082,575 13.037.389 Historical c05t of investments 3.736.506 14.835.000 The Foundation's investmenis are held in the United Kingdom. Europe. NorthAmerica, Japan and A5Ta. 6 Accrued incomt 2023 2022 Accrued income 28.398 16
Dorwgn Eope 10. ED28A75>9E434F7A$D0EE0lA7F58 BELRON ROMNIE LUBNER CHARITABLE FOUNDATION Annual report and fiThancial ststements 31 December 2023 Notes to the Financial Statements for the Year Ended 31 December 2023 (Continued) 7 Creditors= Amounts falling due within onè y•ar 2023 2022 Trade creditors Other creditors 23,068 693.075 716.144 3.142 169.169 172.311 8 Unrestricted funds 2023 2022 Unre5thct8d fvnds 13,806,745 14,979,443 9 Recon¢lliation of net movernent in funds to net cash flow from operaling activities 2023 2022 Nel movements in funds Investment income Inv85tment fees Increase in ¢reditor$ Accrued income Investments gains I1105sesl Cash lutilisedl 198nerat8d by erating activities 11,172,698) 1520,6431 18.010 543.833 15.037,8041 1118,5891 6,304 116.460 10,448.450 2,238,426 7,653,247 1315.3841 1,446,882 10 Related party transactions During the year. Belron Inlernatsonal Limited donated 31.13s(222.. É150.1)001. Please see the Trustees. report for details aboul the origin of these donatK)ns. Gary Lubner resigned as a direcor from Belron Inlemational Limited on 28 February 2023. Susan Ormislw is a direclor of Belron Intemaknnal Lirnited. Gary Lubnèr and Susan Ormiston are trustees ol the Foundation. The Foundation made donatnS lo Afrka fikkun of É439.718 {2022.. £804,106) and Football Acaderny Noah of 55.50012022". É64,5001. Gary Lubner is a Trustee for these Charilies. The Foundation made a donation tD Bo and Girfs Club5 01 Central Ohio of E7.50012022.' f10.0001. Ryan Trieeller is 2 Board Member for this ¥harity. The Foundation made a ¢Jonalion to DTeamfivJht of É5,00012022'. nil). Robert Bass is a Trustee for this Charity. 17