Registered charlty number.. 1192385 THE GEORGE FAMILY FOUNDATION TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE GEORGE FAMILY FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M F George Mr M D George Mrs S L Large Charity number 1192385 Princlpal address The George Family Foundation Victoria Mills London Road Wellingborough NN8 2DT Independent examlner Saffery LLP We5tpoint Peterborough Business Park Lynch Wood Peterborough PE2 6FZ Bankers Barclays Bank PIC Leicester LE87 288 THE GEORGE FAMILY FOUNDATION CONTENTS Page Trustees, Report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements THE GEORGE FAMILY FOUNDATION TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document. the Charities Act 2011 and Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicèble in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. Objectives and actlvlties The charity's objects are to advance such exclusively charitable purpose5 by making grants and donations to individuals and organisations at such time or times and in such manner as the Trustees, in their complete discretion think fit. The Trustees have complied with their duty to have due regard to Public Benefit guidance issued by the Charity Commission in deciding what activities the charity should undertake. Grant making pollcy The Trustees welcome applications or reque5t5 for funding. There 15 no formal application process. The Trustees meet twice a year to consider the merits of applications submitted to the Foundation and to make awards if appropriate which are in line with the objectives of the Foundation. Achievements and performance A total of thirty five grants12024.' thirty four) and donations totalling £196,00012024'. £267,2001 were agreed during the year. Further details of these grants can be found in note 5. Flnancial review The results for the year are shown on page 4. The Trustees consider the results for the year to be satisfactory. The principal funding source during the year was a donation of £175,00012024'. £150,000). As noted above, during the year the Trustees aw3rded thirty five grants and donations totalling £196,000 to a variety of worthy causes. Of this £196,000, £72,000 has been pledged in future years. Total expenditure for the vear was £198,85012024.. £271,373) leaving net liabilities as at 31 March 2025 of £88,68712024'. £64,837). The grants payable in future years will be funded by donatioris received in future years. Although the charity currently has net liabilities the Family Trustees control the corporate donor so the Trustees are confident these future donation5 will be received. The Trustees have decided that holding reserves is unnecessary as they will only distribute income as donations or grants to the maximum available in any given year. Any undistributed funds at the year end are rolled over and held to be applied in furtherance of the Foundation's charitable objectives in a future year. Plans for future periods The charity will continue to distribute funds in line with the grant making policy as the Trustees see fit. Structurei governance and management The Foundation was established under a trust deed dated 25 August 2020 and is a registered charity, number 1192385. THE GEORGE FAMILY FOUNDATION TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 ICONTINUEDI The trust deed defines two types of Trustee.. a. A 'Family Trustee,, being M F George, M D George and any relative of either M F George or M D George.. and b. An 'lndependent Trustee,, being any Trustee who is not a Family Trustee. The trust deed provides for a minimum of 2 Trustees, one of whom must be a Family Trustee. At least one-third of the Trijstees must be Independent Trustees. Apart from the first Trustees IM F George, M D George and S L Largel every Trustee must be appointed by a resolution of the Trustees passed at a special meeting. The Trustees who served during the year and up to the date of signature of the financial statements were.. Mr M FGeor8e Mr M D George Mrs S L Large The Trustees, report was approved by the Trustees on 19 November 2025 and Signed on their behalf by.. MrMFG Trustee orge Mr M O George Trustee THE GEORGE FAMILY FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GEORGE FAMILY FOUNDATION I report to the Trustee5 on my examination of the accounts of The George Family Foundation "the charity" for the year ended 31 March 2025, which are set out on pages 4 to 9. Responsibilities and basis of report As the Trustee5 of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity'5 accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Basis of independent examlnerfs report My examination was carried out in accordance with the Eeneral Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concernin8 any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, ond the report is limited to those matters set otjt in the statement below. Independent examinerfs Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect.. accounting records were not kept in respert of the charity as required by section 130 of the Act,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of financial statement5 set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'lrue 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 to enable a proper understanding of the accounts to be reached. Gareth Norri5 FCA For and on behalf of Saffery LLP West Point, Peterborough Business Park, Lynch Wood, Peterborough, PE2 6FZ Dated.- 24 November 2025 THE GEORGE FAMILY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies 175,000 150,000 Expenditure on: Charitable activities 1198.8501 1271,3731 Net expenditure for the year I Net movement in funds 123,8501 1121,3731 Funds balance at l April 2024 Fund5 balance at 31 March 2025 164,8371 188,6871 56,536 164,8371 All funds are unrestricted. THE GEORGE FAMILY FOUNDATION BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Current assets.. Cash at bank and in hand 49,073 46,731 Creditors.. Amounts falling due within one year {98,7601 163,5681 Net current liabilities 149,6871 116,8371 Creditors: Amounts falling due after one year {39,000) 148,0001 Total net liabllltles 188,6871 164,8371 Income fund5 Unrestricted funds 188.687} 164,8371 188,6871 164,8371 The financial Statements were approved by the Trustees on 19 November 2025. MrMFG Trustee rge Mr M D George Trustee THE GEORGE FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies Charity information The George Family Foundation is a UK registered charity governed by a trust deed dated 25 August 2020. The principal activity of the charity 15 the payment of grants and donations to individuals and organisations at such time or times and in such manner as the Trustee5, in their complete discretion think fit. 1.1. Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charitie5.' Statement of Recommended Practice app5icable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191 The charity is a Public Benetit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which 15 referred to in the Regulations but which has sinte been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2. Golng concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements as the Trustees only make grants and donations and Spend funds when they are available. Grants payable in future years will be funded by donations received in future vears. The Family Trustees control the corporate donor so the Trustees are confident these future donations will be received. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statement5. 1.3. Charltable fund5 Unrestricted fund5 are available for use at the discretion of the Trustees in furtherance of their charitable objectives. 1.4. Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognlsed on receipt. Other donations are recogni5ed once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant 15 recognised at the time of the donation. THE GEORGE FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles Icontinuedl 1.5. Expenditure and liabilities Liabilities are recognised as soon as there 15 a legal or constructive obligation which commits the charity to the expenditure. Charitable activities include expenditure associated with grant making and include the direct costs. support Costs and governance costs relating to these activities. Crltlcal accounting estimates and judgements In the application of the charity's accountlng policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of a55et5 and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. There are no critical accounting estimates or judgements made in the application of the charity's accounting policies. Donatlons and legacie5 Unrestricted funds 2025 Unrestricted funds 2024 Donations and gifts 175,000 150,000 Expenditure on charitable activities 2025 2024 Direct Costs.. Grants to institutions- see note S 196,000 267.200 Su ort costs.. Governonce costs.. Independent examination 2,748 4,068 Other support cost5.' Bank charges 102 105 All charitable expenditure is unrestricted. 198,850 271,373 THE GEORGE FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Reconclliatlon of grants payable 2025 2024 Grant5 approved but not paid at l April 107,500 Grants approved in the year: Grants to In5titutions.' Royal Botanical Gardens Kew Association of Character Education Ltd The Prince's Trust Iwomen Supporting Women) London Handel Festival Game & Wildlife Conservation Trust IFB Research Foundation Northamptonshire County Cricket Club Whitworth FC Mi115 Archive Trust Maggie's Thornage Hall Independent Living Steelbacks Foundation Burnham Overy klarbour Trust National Portrait Gallerv Nevill Holt Community Arts Foundation United Learning Trust Country Food Trust Stanhope Silver Band Fairy Water Trust l Living Uplands Other 50,000 45,000 60,000 45,000 40,000 25,(K)O 18,000 15,000 30,000 15,000 15,000 10,000 10,000 10,000 10,000 10,000 7,000 6,000 5.000 4,000 3,000 3,000 1,500 14,500 11,200 Total grant5 approved in year 196,000 267,200 Total grants approved 303.500 267,200 Grants paid in the year 1168,5001 1159,7001 Grants approved but not paid at 31 March 135,000 107,500 During the year, the Foundation has agreed to provide three new grants12024.. four grants) for pledges which cover more than one year. There are currently six active pledges12024.' four). In addition there were four one-off grants12024'. three grants) approved before year-end but paid after year-end. THE GEORGE FAMILY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Reconclliatlon of grants payable Icontinuedl Commitments at 31 March are to be funded by future donations received arid are payable as follows= 2025 2024 Within one year 8etween two and five years 96,000 39,000 59,500 48,000 135,000 107,500 Trustee5 None of the Trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year12024'. none). Employee5 There were no employees during the year12024'. none). Credltors 2025 2024 Creditors: amounts falling due withln one year Accruals and deferred income Grants payable (note 51 2,760 96,000 4,068 59,500 98,760 63,568 CredStor5: amounts falllng due after one year Grants payable (note 51 39,000 48,000 Total creditors 137,760 111,568 Related party transactions During the year, donations totalling £175,00012024'. £150,000) were received from a corporate donor controlled by the Family Trustees.