Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
Charity number: 1189223
THE RENEGADE FOUNDATION
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2024

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
CONTENTS
Page
Reference and administrative details of the trust, its trustees and advisers
Trustees, report
Trustees, ￿Sponsibl11t1es Statement
Independent examlner's report
statement of financlal artlvltles
Balance sheet
Notes to the flnanclal statements
9-14

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
REFERENCE AND ADMINI￿RATIvE D￿AILs OF
THE TRUST, Ths TRUSTEES AND ADVISERS
FOR THE PERIOD ENDED 5 APRIL 2024
Trustees
L R Plant
B E Plant
D Jackson
Charity registered
number
1189223
Prln¢lp•l offl¢e
Buckles Soli¢ittsrs LLP
Grant House
101 Bourges Boulevard
Peterborough
Cambridgeshire
PEI ING
Independent ex•mln¢r SRLV Audit Llmited
Elsley Court
20-22 Great ntchfield Street
London
WIW 88E
Page 1

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
TRUSTEES. REPORT
FOR THE PERIOD ENDED 5 APRIL 2024
The trustees present thelr report together wlth the financlal statements of the charfty for the perfod ended S
Apdl 2024.
The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Prartice applicable to charitie5 preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective l January 20191.
On 19 December 2022, the charity changed its name from The BLP Charitable Trust to The Renegade
Foundation.
The company has shortened its accounting period from 6 April 2024 to 5 April 2024.
ObJectlves and actlvltles
a. ObJe¢tlves and •lm$
The objectives of the trust are to act as a resource for young people up to the age of twenty flve years livlng
In Greater London by providing advice and assistance and organisin9 programmes of physical, educational
and other activities as a mean5 of- advancing in life and helping yourbg people by developing their skills,
capaclties and capabllities to enable them to participate In society as Independent, mature and responsible
Indlvlduals,. advancing education. relieving unemployment. providino recreational and leisure tlme actlvity In
the interests of soclal welfare for people Ilvlng In the area of benefit who have need by reason of thelr youth,
age, infirmity or disability, poverty or social and economic circumstances with a view to improving the
conditions of Ilfe of such persons, such other charitable objerts as the trustees for the time being shall in
thelr absolute dlscretion deterrnlne.
Achlev•m•nts and p•rformanc•
a. Flnan¢lal po$ltlon
Durlng the period, the trust received no further donatlons. as the trust plans to use exlstlng funds Invested
in a share portfolio to support various charities.
During the period, the investment portfolio generated dividend and interest income of E76,087 12023
£66,055) and realised and unrealised gains of £282.198 12023 losses of £200,763). This performance Is
consldered acceptable conslderlng the volatlllty of the market.
Grants were made to a number of charitie5 totallin9 £96,000 12023 £100.0001 and these are detailed in
the note5 to the financial statements.
Total income exceeded expenditure by £225,439 (2023 total expenditu￿ exceeded in¢ome by £270,174)
which has been carried forward in unrestricted ￿serVeS.
b. Investment policy and perforniance
The trust's current investment strategy is managed by Quilter Cheviot, a member of London Stock Exchange
who is authorised and regulated by the Financial Conduct Authority.
Financial review
a. Reserves policy
The trust currrently has free reserves equal to the value of the tnjst's unrestncted funds. As overheads are
low, the trustees do not consider it necessary to maintain a speofic level of reserves.
Page 2

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2024
structure. governance and management
a. Constitution
The Renegade Foundation is a registered charity, number 1189223, and is constituted under a trust deed.
b. Methods of appointrnént or tléctlon of trusté¢s
The management of the trust is the responsibility of the trustees who are elerted and co-opted under the
terms of the trust deed.
c. Oryanisalional structure and decision-making policies
The charity Is managed on a day-to-day basis by the trustees who deal with all appllcations for grants.
d. Flnanclal rlsk mana9ement
The trustees have a duty to IdentSfy and revlew the rlsks to which the charity Is exposed and to ensu
appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have assessed the major risks to which the trust is exposed, in particular those related to the
operations and flnances of the trust, are satisfied that Systems and procedures are in place to rnltlgate
exposure to the major rfsks.
As the trust has low expendSture, there Is no mlnlmum requlrement of reserves needed to rnalntaln the trust.
The trust ￿Seryes are all held in share investment portfolios and cash at bank.
Pl•ns for future perlods
There are no concrete plans to change the activities of the charity. However, the trustee5 are keen to
expand the ambitions of the charity when they are not as busy with working life. Although no declslon5 have
yet been made, one area the trustees would like to advance is in environmental giving. This may take the
form of donations from the trust or In the creation of a separate charitable entity.
Approved by order of the members of the board of trustees and signed on their behalf by..
Trustee
2/5/2025
Page 3

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
srATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE PERIOD ENDED 5 APRIL 2024
The trustees are responslble for preparlng the trustees, report and the financlal statements In accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
The law applicable to charities in England & Wales requi￿$ the trustees to P￿pare financial statements for
each financial which give a true and fair view of the state of affairs of the trust and of its incoming resources
and application of resources, including its income and expenditure. for that period. In preparing these
financial statements, the trustees are required to:
selert suitable accounting policies and then apply theffl consistently-
observe the methods and principles of the Charities SORP IFRS 102),.
make judgements and accounting estimates that are reasonable and prudent-
state whether applicable UK Accounting Standards IFRS 1021 have been followed, subjett to any
material departure5 disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless It Is Inappropriate to presume that
the trust will continue in business.
The trustees are responslble for keeping adequate accounting records that are sufflcient to show and explaln
the trust's transactions and disclose wlth reasonable accuracy at any time the flnanclal posltlon of the trust
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charlty
(Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for
safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detertion
of fraud and other irregularilies.
Approved by order of the members of the board of trustees and slgned on Its behalf by..
L R Plant
Trustee
2/5/2025
Page 4

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE PERIOD ENDED S APRIL 2024
Independent examlner's report to the trustees of The Renegade Foundatlon ('the trust.)
I report to the charity trustees on my examination of the accounts of the trust for the period ended 5 April
2024.
Responslbllltles and basls of report
A5 the trustees of the trust, you are responsible for the preparation of the accounts in accordance with the
requlrements of the Charltles Art 2011 I'the 2011 Art,).
L report in respett of my examination of the trust'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
Cornmlsslon under sectlon 145{5llb) of the 2011 Act.
Independent •xamlner's statement
Your attention is drawn to the fart that the trust 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 Reportin9 Standard applicable in the UK and Republic of Ireland
IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice
Issued on l April 2005 whlch Is referred to in the extanl ￿gUlatIOnS but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair vlew in accordance
with the Generally Accepted Accounting Prartice effective for reporting periods beginnlng on or after I
January 2015.
I have completed my examSnatSon. I confirm that no material matters have come to my attentlon In
connectlon wlth the examlnatlon glvlng me cause to belleve that In any rnate￿al respett..
accountlng records were not kept in respert of the trust as required by section 130 of the 2011 Art;
or
the accounts do not accord wlth those records. or
the accounts do not comply wlth the appllcable ￿quIrernents conceming the form and content of
accounts set out in the Charities {Accovnts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'trve and fair. view which is not a matter ¢onsidere(J as part of
an independent examination.
I have no concerns and have come auoss no other matters In connectlon with the examlnatlon to whlch
attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Page S

Docusign Envelope ID: 78D38001-DC46-4D76-ABF9-41458A79F185 

## **THE RENEGADE FOUNDATION** 

## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE PERIOD ENDED 5 APRIL 2024** 

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. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the trust and the charity's trustees as a body, for my work or for this report. 


Richard Gilbert 

For and on behalf of 

## **SRLV Audit Limited** 

Chartered Accountants Elsley Court 20-22 Great Titchfield Street London WlW 8BE 

5 February 2025 

Page 6 



Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED S APRIL 2024
Unrestricted
funds
Total
funds
Total
funds
Period
ended 5
April 2024
Period
ended S Year ended 6
April 2024
April 2023
Note
Income from:
Investments
76,087
76,087
66,055
Total Income
76,087
76,087
66,055
Expenditure on:
Charitable artivities
other expendlture
128,616
25
128,616
25
133,701
12,0411
Total expendlture
128,641
128,641
131,660
Net eX￿ndIture before net galns/(loss•s) on
Investm•nts
Net gains/llossesl on Investments
(52.554)
282,198
(52,554)
282,198
165,6051
(200,7631
Net Incom•l(•xp•ndlture) befor• taxatlon
Taxatlon
229.644
(4,205)
229.644
(4,205)
(266,3681
13,8061
Net movement In fund$
225,439
225,439
(270,1741
Reconclllatlon of funds:
Total funds brought forward
Net movement in lunds
1,959,333
225,439
1,959,333
225,439
2,229,507
(270,1741
Total funds carrled fonvard
2,184,772
2,184,772
1,959,333
Page 7

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
BALANCE SHEET
AS AT S APRIL 2024
5 April
2024
6 April
2023
Note
Fixed assets
Investments
2,207,551
1,933,126
2,207,551
1,933,126
Current assets
Cash at bank and in hand
3,599
37,733
3,599
37,733
Credltors.. amounts falling due within one
year
io
(26,378)
111,526}
Net current Ilabilltles / assets
(22,779)
26,207
Total a$￿t$ le$$ current Ilabllltles
2,184,772
1,959,333
Total net assets
2,184.772
1,959,333
Charlty tunds
Unrestricted funds
li
2,184,772
1,959,333
Total fund$
2,184,772
1,959,333
The flnanclal statements were approved and authorlsed for Issue by the trustees and slgned on theSr behalf
by..
L R Plant
Trustee
2/5/2025
The notes on pages 9 to 14 form part of these finandal statements.
Page 8

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2024
Accountlng pollclès
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reportlng by Charities.. Statement of Recommended Prartlce appllcable to
charities preparing their accounts in accordance with the Financial Reporting Standard appllcable
In the UK and Republic of Ireland (FRS 1021 {effective l January 20191, the Financial ReportSng
Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepareil to give a 'true and fair. view and have departed
from the Charities (Accounts and Reports) Reoulations 2008 only to the extent required tt>
provlde a 'trne and fair, 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 l April 2005 which has since been withdrawn.
The Renegade Foundation meets the defirbition Of a public benefit entlty under FRS 102. Assets
and liabilities are initially re¢ognised at hlstor6¢al Cost or transaction value unless otherwlse
stated in the relevant accounb'ng policy.
1.2 Income
All Income Is recognised once the trust has entitlement to the incorne, it is probable that the
Income wlll be recelved and the amount of income receivable con be measured reliably.
Income tax recoverable In relation to investment Income Is recognlsed at the time the Investment
Income Is recelvable.
1.3 Expendlture
Expenditure Is recognised once there is ) legal or constructive obligation to transfer econom1¢
benefit to a third partys It is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be meaSu￿d reliably. Expenditure Is classified
by attivity. The costs of each attivity are made up of the total of direct costs and shared costs,
Including support costs involved in undertaking each activity. Dirert costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one
attivity and support costs which are not attribvtable to a single activity are apportioned between
those activities on a basis consistent with the use of resour¢es.
ExpendSture on charltable actlvltles Is Incurred on dlrectly undertaklng the attlvltles whlch further
the trust's oblectlves, as well as any assoclated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the
offer 15 conditional, such grants being recognised as expenditure when the condition5 attaching
are ftjifilled. Grants offered subject to conditions which have not been met at the year end are
noted as a commitment, but not accrued as expenditure.
All expenditure is indusive of irrecoverable VAT.
1.4 Interest receivable
Interest on funds held on deposit is included when ￿CeiVable and the amount can be measured
relSably by the trust; this is nomially upon notificats.on of the Interest paid or payable by the
institution with whom the funds are deposited.
Page 9

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2024
Accountlng pollclès (contlnued)
1.5 Taxation
The trust Is consldered to pass the tests set out In Paragraph I Schedule 6 of the Flnance Act
2010 and therefore it meets the definitlon of a charitable company for UK corporation tax
purposes. Accordingly, the trust is potentially exempt from taxation in respect of income or
capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act
2010 or Sertion 256 of the Taxation of Chargeable Gains Art 1992, to the extent that such
incorne or gains are applied exclusively to charitable purposes.
1.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the balance sheet date, unless the
value cannot be measured reliably in which case it is measured at cost les5 impairment.
Investment gains and losses, whether realised or unrealised, are comblned and presented as
'Galns/llosses) on investments, in the statement of financial activities.
1.7 Fund accountlThg
General funds are unrestrtcted fund5 which are available for use at the dISc￿tIOn of the trustees
In furtherance of the general oblectlves of the trust and which have not been deslgnated for other
purposes,
Investment Incomei galns and losses are allocated to the approprlate fund.
Investment Income
Total
funds
Unrestrlcted
funds
Period
Peri¢xl ended
ended S
5 April 2024 April 2024
Deposlt account Interest
Investment Income
253
75,834
253
75,834
76,087
76,087
un￿StrICted
funds
Total
funds
Year ended Year ended
6 April 2023 6 April 2023
Deposit account interest
Investment income
65
65,990
65
65,990
66,055
66,055
Page 10

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2024
Activitieg of expenditure by expenditure type
Perlod
ended 5 Year ended
April 2024 6 April 2023
Donations to institutions
96,000
28.476
4,140
loo,000
30.062
3,639
Support costs
Governance costs
128,616
133,701
Analy919 ol grants
Total
funds
Grants to
Instltutlons
Perlod
Perl¢xl ended
ended 5
5 Aprll 2024 Aprll 2024
Charttable attivles
96,000
96,000
Grants to
Institutlons
Total
funds
Year ended Year ended
6 April 2023 6 Aprll 2023
Charitable activies
loo,000
loo,000
The trust has made the following material grants to institutions during the period/year'.
Page 11

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2024
Analysis of grants (continued)
Period
ended 5 Year ended
April 2024 6 April 2023
Nam• of Instltutlon
Flsh Tank Band
50,000
25,000
5,000
5,000
5,000
5,000
5,000
Fish Tank Ltd
Clapton Common Boy
Get Set Glrls
Kids Space
Refugee Youth
Klds N'Acilon
Young Roots
Inspire a Teen
Kldshlne Ltd
Happy Days Children's Charity
South Downs Natlonal Park Trust
50,000
5.000
10.000
5,000
3,000
5.000
5.500
2,500
5,000
5,000
The Exodus Prolert
Sparks of Hope
A Spark In The Dark Ltd
96,000
loo,000
Analyslg of support costs
Peri¢xl
ended 5 Year ende(J
April 2024 6 April 2023
Investment management charges
Investment adviser fees
Legal and professlonal fees
Accountanty fees
Bank fees
8.168
8,608
8.096
3.600
10,996
9,924
5,400
3,738
28,476
30,062
Page 12

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2024
Analysis of governance costs
Period
ended 5 Year ended
April 2024 6 April 2023
Independent examiner fees
4,140
3,640
Trustees. r•mun•ratlon and expenses
During the period. no trustee received any remuneration or other benefits12023 - £NIL).
During the period ended 5 April 2024. no trustee expenses have been incurred12023 - ENIL).
Flx•d aS￿t Inv•stm•nts
Llst¢d
Investments
Cost or valuatlon
At 7 April 2023
Addltlons
Dlsposals
Revaluatlons
Forelgn exchange movement
1,933,126
117,039
(79,376)
236,791
(29)
At S Aprll 2024
2,207,551
Net book value
At S April 2024
2,207,551
At 6 April 2023
1,933,126
Taxation
Period
ended 5 Year ended
Aprll
6 Aprll
2024
2023
Foreign tax on income suffered
4.205
3,806
Page 13

Docusign Envelope ID.. 78D38￿l-DC464D7&A8Fyl4s8A79Fl85
THE RENEGADE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2024
10. Creditors: amounts falling due within one year
5 Aprll
2024
6 Aprll
2023
Accruals
26,378
11,526
11. Statement of funds
statemént of funds - current perlod
Balance at
7 April
2023
Balance at
5 April
2024
Gains/
{Losses)
Income Expenditure
Taxation
Unrestrlcted
funds
General funds
all lunds
1,959,333
76,087
(128,641)
(4,205)
282,198 2,184,772
Statement of funds - prlor year
Balance )t
7 April 2022
Galnsl
Balance at
{Lossesl 6 Aprll 2023
Income Expendlture
Taxation
Unrestrlcied
funds
General funds
all funds
2,229,507
66,055
(131,660)
13,806) {200,763) 1,959,333
Page 14