## **The Bressler Foundation**
# **Charity no.1186489**
**Trustees' statement of accounts For the year ended 5 April 2025**
## **The Bressler Foundation**
## **Contents**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent auditor's report|4 - 6|
|Statement of fnancial activities|7|
|Balance sheet|8|
|Cash fow statement|9|
|Notes to the accounts|10 - 12|
## **The Bressler Foundation**
## **Trustees' report for the year ended 5 April 2025**
The trustees present their report and accounts for the year ended 5 April 2025.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the attached accounts and comply with the foundation's trust deed, applicable laws and the requirements of the Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") and with the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with FRS 102 (effective 1 January 2019).
## **Objects and activities**
The objects of the trust are such charitable purposes as the trustees shall think fit whether in England or Wales or elsewhere. The trustees shall hold the trust fund upon trust to apply the income for or towards such charitable purposes at their discretion. The trustees have power to accumulate income during the period of 21 years from 11 December 2018. The trustees are responsible for ensuring that all funds will be applied for the public benefit.
## **Public benefit**
The trustees confirm that they have paid due regard to the Charity Commission's guidance on public benefit.
## **Achievements and performance**
During the year the trustees made charitable grants of £2,002,576 (2024: £927,656), as shown in note 2.
## **Related parties**
During the year, Sylvie Bressler donated £1,200,000 to the Foundation. There were no related party transactions in the prior year.
## **Financial review**
Incoming resources amounted to £2,085,553 (2024: £465,203) arising from £1,200,000 of donations plus £300,000 of Gift Aid recoverable on the donations (2024: £nil) and £585,553 of bank interest (2024: £465,203). All income received is held in unrestricted funds. After expenditure incurred and accrued of £2,002,576 (2024: £927,656) on donations, £9,854 (2024: £6,849) on support costs and foreign exchange losses of £261,484 (2024: £201,760), there was a deficit of £188,361 (2024: deficit of £671,062) for the year.
## **Grant making policy**
The trustees have decided for the present to concentrate on making grants towards the advancement of the arts, education and culture, medical research and the relief of children in need by reason of disability or financial hardship. The trustees will ensure that all funds will be applied for the public benefit.
## **Plans for the future**
The trustees will continue to provide grants to charities in England and Wales and elsewhere as they shall think fit. They will consider the level of reserves available before distributing funds. The charity is reliant on donations as the main source of income and this will continue into next year.
- 1 -
**The Bressler Foundation**
## **Trustees' report for the year ended 5 April 2025**
## **Governance, structure and management**
The Foundation was established by a trust deed on 11 December 2018 and is a registered charity No. 1186489. Its address is 45 Gresham Street, London, EC2V 7BG.
The trustees who served during the year are:
Léon Bressler (deceased 30 August 2024) Sylvie Martine Gisele Bressler Michael Joseph Bressler Vanessa Bressler
The charity is administered by the trustees. Léon Bressler had the power to appoint new trustees which has now been passed to Sylvie Bressler. All decisions affecting the day-to-day management of the charity and its assets are taken by the trustees.
The charity is registered with HM Revenue & Customs to enable it to recover Gift Aid. Its reference number is ZD06367.
## **Risk factors**
The trustees have reviewed the risks to the charity's assets and income and are satisfied that adequate controls are in place.
## **Reserves policy**
As a grant making trust with minimal overheads, the trustees ensure that sufficient funds are available to meet any commitments and six months of costs and overheads.
## **Auditors**
Fletcher & Partners, Crown Chambers, Bridge Street, Salisbury, Wiltshire, SP1 2LZ
## **Accountants**
S&W Partners LLP, Old Library Chambers, 21 Chipper Lane, Salisbury, Wiltshire, SP1 1BG
## **Solicitors**
Macfarlanes LLP, 20 Cursitor Street, London, EC4A 1LT
## **Bankers**
HSBC plc, 8 Cork Street, London, W1S 3LJ
- 2 -
**The Bressler Foundation**
## **Trustees' report for the year ended 5 April 2025**
## **Trustees' responsibilities**
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that year.
In preparing the accounts, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the accounts comply with the Charities Act 2011, the relevant Charity (Accounts and Reports) Regulations and the provisions of the charity's governing document. 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.
On behalf of the board of trustees
Vanessa Bressler .................................................
**Vanessa Bressler**
Trustee
> Date: 02/02/2026
- 3 -
**Independent auditor's report to the trustees of The Bressler Foundation**
## **The Bressler Foundation**
## **Opinion**
We have audited the accounts of The Bressler Foundation (the 'charity') for the year ended 5 April 2025 which comprise the Statement of financial activities, the Balance sheet, the Cash flow statement and the notes to the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the accounts:
- give a true and fair view of the state of the charity's affairs as at 5 April 2025 and of its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the accounts, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the accounts is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least 12 months from when the accounts are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report, including the trustees’ report, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
- 4 -
**Independent auditor's report to the trustees of The Bressler Foundation**
## **The Bressler Foundation**
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
- sufficient accounting records have not been kept; or
- the information given in the accounts is inconsistent in any material respect with the Trustees' report; or - the accounts are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Trustees' responsibilities statement set out on page 3, the trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the accounts, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of accounts**
We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having an effect thereunder.
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but it is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. They included:
- obtaining an understanding of the Charities' activities and the laws and regulations which are central to their activities, both through our knowledge of the sector and discussions with management;
- reviewing the Charities' activities and any relevant correspondence for evidence of non-compliance;
- assessing the susceptibility of the accounts to material misstatement in the light of the Charities' control environment, which we assessed to be low;
- ensuring that the engagement team had the appropriate competence, capabilities and skills to recognise non-compliance with applicable laws and regulations, through appropriate training and briefings; and that they remained alert to the possibility of non-compliance throughout the engagement.
A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
- 5 -
## **The Bressler Foundation**
## **Independent auditor's report to the trustees of The Bressler Foundation**
## **Use of our report**
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## Fletcher & Partners
## **Fletcher & Partners**
Chartered Accountants Statutory Auditor Crown Chambers Bridge Street Salisbury Wiltshire SP1 2LZ Date: 03/02/2026
Fletcher & Partners is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
- 6 -
## **The Bressler Foundation**
## **Statement of financial activities for the year ended 5 April 2025**
|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**fund**|fund|
|||**2025**|2024|
||Note|**£**|£|
|**Income from:**||||
|Donations received||**1,200,000**|-|
|Gift Aid recoverable||**300,000**|-|
|Bank interest||**585,553**|465,203|
|**Total income**||**2,085,553**|465,203|
|**Expenditure on:**||||
|Donations|2|**2,002,576**|927,656|
|Support costs|3|**271,338**|208,609|
|**Total expenditure**||**2,273,914**|1,136,265|
|**Net movement in funds**||**(188,361)**|(671,062)|
|Total funds brought forward||**17,268,513**|17,939,575|
|**Total funds carried forward**||**17,080,152**|17,268,513|
All income and expenditure derives from continuing activities.
- 7 -
## **The Bressler Foundation**
## **Balance sheet as at 5 April 2025**
|Notes
**Current assets**
Debtors
6
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
7
**Net current assets**
**Total net assets**
**Income funds**
Unrestricted fund|**£**
**305,471**
**16,789,849**
**17,095,320**
**(15,168)**|**2025**
**£**
**17,080,152**
**17,080,152**
**17,080,152**
**17,080,152**|£
154,061
17,119,841
17,273,902
(5,389)|2024
£
17,268,513|
|---|---|---|---|---|
|||||17,268,513|
|||||17,268,513|
|||||17,268,513|
The accounts were approved by the Trustees, authorised for issue and signed on their behalf by:
## Vanessa Bressler **.............................. Vanessa Bressler** Trustee
> Date: 02/02/2026
- 8 -
## **The Bressler Foundation**
## **Cash flow statement for the year ended 5 April 2025**
|**Net movement in funds (as per Statement of fnancial**
**activities)**
Increase in creditors
(Increase)/decrease in debtors
**(Decrease)/increase in cash**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Analysis of net funds**
**At 6 April**
**2024**
Cash at bank and in hand
**17,119,841**|**2025**
**£**
**(188,361)**
**9,779**
**(151,410)**
**(329,992)**
**17,119,841**
**16,789,849**
**Cash**
**fows**
**(329,992) **|2024
£
(671,062)
711
3,297,376
2,627,025
14,492,816
17,119,841
**At 5 April**
**2025**
**16,789,849**|
|---|---|---|
- 9 -
**The Bressler Foundation**
## **Notes to the accounts for the year ended 5 April 2024**
## **1 Accounting policies**
## **1.1 General information**
The Bressler Foundation was established as a charitable trust by a deed dated 11 December 2018. It is registered with the Charity Commission in England & Wales (No. 1186489). The address of the principal office is 45 Gresham Street, London, EC2V 7BG.
## **1.2 Basis of preparation**
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") and with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 effective 1 January 2019. The accounts are also prepared in accordance with the Charities Act 2011.
The charity is a public benefit entity as defined by FRS 102.
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value.
## **1.3 Income**
Voluntary donations are recognised when the Charity is entitled to the income. Gift Aid recoverable is recognised when it can be determined with reasonable certainty.
Interest on funds held on deposit is included when receivable and the amount can be measured by the Charity. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by the investment advisor.
## **1.4 Expenditure**
All expenditure is accounted for on an accruals basis and recognised where there is a legal or constructive obligation committing the Trustees to the expenditure. It has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of resources.
## **1.5 Foreign currency translation**
Transactions denominated in foreign currencies are recorded at the rate ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. All differences are included in the statement of financial activities.
## **1.6 Fund accounting**
All funds held - including the donation received during the year - are unrestricted and are therefore available for use at the discretion of the trustees in furtherance of the general objectives of the trust and which have not been designated for other purposes.
- 10 -
**The Bressler Foundation**
## **Notes to the accounts for the year ended 5 April 2024**
## **2 Donations**
|La Fondation de l'AP-HP
Norwood Charities
Sciences Po Alumni UK Charity Trust
The Friends of the French Institute Trust
The Royal Marsden Cancer Charity
The Shefa School
The Wiener Holocaust Library
**Support costs**
Accountancy and administration fees
Independent auditor's fees
Bank charges
Foreign exchange losses||**2025**
**£**
**-**
**25,000**
**-**
**20,000**
**1,164,641**
**782,935**
**10,000**|2024
£
875,696
25,000
16,960
10,000
-
-
-|
|---|---|---|---|
|||**2,002,576**|927,656|
|||**2025**
**£**
**7,259**
**2,520**
**75**
**261,484**
**271,338**|2024
£
4,349
2,400
100
201,760|
||||208,609|
## **3 Support costs**
All support costs are considered to be costs of governance.
## **4 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or were reimbursed for any expenses during the year (2024: £nil).
## **5 Employees**
There were no employees during the year (2024: none).
## **6 Debtors**
|Accrued interest
Gift Aid recoverable|**2025**
**£**
**5,471**
**300,000**
**305,471**|2024
£
154,061
-|
|---|---|---|
|||154,061|
- 11 -
## **The Bressler Foundation**
## **Notes to the accounts for the year ended 5 April 2024**
## **7 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Accountancy and administration fees
Independent auditor's fees|**2025**
**£**
**10,248**
**4,920**
**15,168**|2024
£
2,989
2,400|
|||5,389|
## **8 Related parties**
During the year, Sylvie Bressler donated £1,200,000 to the Foundation. There were no related party transactions in the prior year.
- 12 -