COMPANY REGISTRATION NUMBER: 12320737 CHARITY REGISTRATION NUMBER: 1194260 10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Unaudited Financial Statements 30 November 2024 BRINDLEY LD TEIN LIMITED Chartered accountants 103 High street Wallham Cross
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Financial Statemenls Year ended 30 November 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Trustees, Annual Report (Incorporating the Direclor's Report) Year ended 30 November 2024 The Iruslees, who are also the directors lor the purposes of company law, present their rewrt and the unaudited financial slalements ol the charity foi the year ended 30 November 2024. Reference and admlnl$tratlve detalls RegSstered charSty name 10x10 PHILANTHROPY UK LIMITED Charlty reglstratlon number 1194260 Company regl$lrallon number 12320737 Prln¢lpal offl¢e and reglslered 103 High Street offlce Waltham Cross EN8 7AN England The truslees M. A. Kainlh M. Kuperard E. J. Marshbaum A. E. Popeck Independent examlner Brindley Goldstein Limited 103 High Street Wallham Cross EN8 7AN England Slru¢ture, governance and managemenl 1 OX10 Philanthropy UK Limited is a registered charity and company limited by guarantee in England and Wales. Since ils independent formation in 2019. the charity has sought lo educate young professionals on the benelils ol philanihropy, how lo select appropriate and innovative grantees and supported high impact srnall charities in Englar and Wales. The organisalion exi51s lo build a movement around giving young professionals in the UK and has so lar been able lo contribute lo the education ol over 240 young professional volvnleers while dislribuling over £300,000 in charitable grants lo small, high impact organisalions. The company has no employees and is run by ils board ol Iruslees. Status and Admlnlstratlon The company has a board of directors, which is co-chaired by the co-founder, Edward Marshbaum, and Morgan Kainlh. Rlsk Management The trustees have a duty lo identify and review the risks to which the charity is exposed and are satisfied systems are in place lo mitigate its exposure lo those risks, in particular those lo the operations and finances of the chwity-
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Trustees, Annual Report (Incorporating the Direclor's Report) (lIE1ed) Year ended 30 November 2024 Objectlves and activlties The charity's objectives are as follows... To run an educational programme lo encourage philanthropy in young prolessionals. To provide guidance and supFort in the selection ol hh impact aThJ high potential grass roots charities. To enable cohorts ol young professionals lo leverage Ihe education provided by 1 OX10 to raise funds for selected, high impact small charities in EnglaThJ and Wales. A¢hlevements and performance During the year the company continued to raise funds lo be distributed lo charitable organisalions and causes. The charity received donations during the year of £29.301 12023.. £46,878) and expenditure on charitable activities amounted lo £33,743 12023.. £50,592>, resulting in an excess ol expenditure over income lor the year 01 £4,44212023'. £3,714). Flnanclal revlew The Iruslees relain reserves as necessary and where appropriate, consolidate funds in order lo linanee the operation of the Charity, and io make payments as appropriate. Plans lor future perlods Th8 charity plans to continue lo co118cI and makè (hjnaiions in accordance with its grant making policy for the foreseeable lulure. There are no plans lor any major changes. Small company provlslons This report has been prepared in accordance with the provisions ar4)licable lo compani8s enlilled to the small companies exemption. The trustees. annual reF)Ort was approved on 30 August 2025 and signed on behalf of the board ol trustees by.. M. A. Kainlh Tnjstee
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Independent Examiner's Report lo the Truslees of 10x10 PHILANTHROPY UK LIMITED Year ended 30 November 2024 I report lo the Iruslees on my examination ol the financial statements of 1 OX10 PHILANTHFIOPY UK LIMITED I'lhe charilll lor the year ended 30 November 2024. Responslbllltles and basls of report As the Iruslees of the company land also its direclors lor the purFKsses of company lawl you are responsible lor the preparation ol the financial slalemenls in accordance with the requirements ol the Companies Act 20061.lhe 2006 Act'}. Having satisfied myself that the accounts ol the company are not required lo be audited under Parl 16 ol the 2006 Act and are eligible lor independent examination, I report in respect ol my examination ol the charity s accounts as carried oul under section 145 01 the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl ol the 2011 Act. Indepondent examlner's statement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe: accounting records were not kept in respect ol the charity as required by section 386 of the 2006 Act,. or the financial slalemenls do not accord with those records; or the financial slalemenls do not comply with the accounting requirements ol section 396 01 the 2006 Act other than any requiremenl that Ihe accounts give a 'lrue and fair. view which is not a matter considered as part ot an independent examination., or the financial slalemenls have nol been prepared in accordance with the methods and principles ol the Sialemenl ol Recommended Practice lor accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021.
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Independent Examiner's Report lo the Truslees of 10x10 PHILANTHROPY UK LIMITED (¢ontinued) Year ended 30 November 2024 I have no concerns and have come across no olher matters in connection with the examination to which allenlion should be drawn in this report in order lo enable a proper understanding ol the accounts lo be reached. Brindley Goldstein Limited 103 High Street Waiiham Cross EN8 7AN England Independent Examiner 30 August 2025
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Slatemenl of Financial Aclivities (including income and expenditure account) Year ended 30 November 2024 2024 Fleslricled funds Total funds Total funds 2023 Unreslricled lunds Note Income and endowrnents Donations and legacies Total Income 26.741 2.560 29,301 46,878 26.741 2.560 29.301 46,878 Expenditure Expenditure on charitable activities Total expendlture 33.743 33.743 50,592 33.743 33.743 50,592 Net expendltur8 and net movement In funds {7,002) 2.560 14,4421 13,7141 Reconclllatlon ol funds Total funds brought forward Total funds carrled lorward 7,472 13,OIKJ 20,472 24,186 470 15,560 16,030 20,472 The slalemenl ol financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The note$ on p•ge$ 8 to 13 torni port of th finan¢l•l $tstement$.
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Slatement of Financial Position 30 November 2024 2024 2023 Note Current assets Debtors Cash al bank and in hand 12 1.232 15.998 21,552 17.230 21,552 Credltors: amounts lalllng due wlthln one year Net current assets 13 1,200 1,080 16.030 20,472 Total assets less current Ilabllltles 16.030 20,472 Net assets 16.030 20,472 Funds of the charlty Fleslricled funds Unreslricled funds 15,560 470 13,000 7,472 Total charlty funds 14 16,030 20,472 For the year ending 30 November 2024 the charity was entitled lo exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors. responsibilities: The members have not required the company lo obiain an audit of ils financial slalemenls for the year in question in accordance wilh section 476- The directors acknowledge their responsibilities lor complying with the r8quir6menls ol the Act with r8spe¢l to accounting records and the pr8paralion of financial slalemonls. These financial slalemenls have beon prepared in accordance wlh the provisions applicable to companies subject lo th8 small companies. regime. These financial 51alemenls were approve(J by the board of trustees and aulhorised lor issue on 30 August 2025, and are signed on behalf of Ihe board by- M. A. Kainlh Trustee The note$ on p•ge$ 8 to 13 torni port of th finan¢l•l $tstement$.
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Slatement of Cash Flows Year ended 30 November 2024 2024 2023 Cash flows from opgratlng actlvitles Nel expenditure {4.4421 13,7141 Adjustments for.. Accrued expenses 120 60 Changes in.. Trade and other debtors {1,2321 15.5541 15.5541 Cash generated from operations Net Cash used in operating a¢livilies 13,6541 13,6541 Nel drease In cash and cash equlvalents Cash and ¢a$h equSvalenls at beglnnlng of year Cash and cash equlvalents at ond of year 15,5541 21,552 13,6541 25,206 15,998 21,552 The note$ on p•ge$ 8 to 13 torni port of th finan¢l•l $tstement$.
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Noles lo the Financial Slatements Year ended 30 November 2024 General Intormatlon The charity is a public benefit enlily and a privale company limited by guarantee, registered in England and Wales and a registered charily in England and Wales. The address of the registered ollice is 103 High Street, Wallham Cross, EN8 7AN. England. Statement of compllance These financial slalements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic ol Ireland., the Sialemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with th8 Financial Fleporting Standard applicable in the UK and Flepublic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accountlng poll¢les 8asls of preparatlon The financial slalements have been prepared on the historal cost basis, as m¢JJilied by Ihg revaluation ol certain financial assets and liabilities and investment properties measured al lair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency ol the entity. Golng ¢on¢ern There are no material uncertainties aul the charilys ability lo continue. Ols¢lo$ure exemptlons Disclosures in respecl ol financial instrum8nls have not b8en prèsented. Judgements and key sources ot estlmatlon uncertalnty The preparation ol the financial statements requires management lo rnake judgements, eslimales and assumptions that affect the amounts reported. These eslimale5 and judgements are continually reviewed and are based on experience and other laclors, including expectations ol lulure events that are believed lo be reasonable under the circumstances. In the process ol applying the enliws accounting policies no significant judgement5 or key sources ol eslimalion were made by management that have any significant effect on the arnounts recognised in the financial slalernenls.
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Noles lo the Financial Slatements (¢ontknd) Year ended 30 November 2024 Accountlng pollcies (Wlllnued) Fund accountlng Unreslricled funds are available for use al the discretion of the Iruslees lo further any ol th8 charills purposes. Designated funds are unrestricted lunds earmarked by the trustees lor particular future project or commitment. Restricted funds are subjected lo reslriclions on their expenditure declared by the donor or through the terms of an appeal, and fall inlo one ol tsvo sub-classes- restricted income funds or endowment funds. Incomlng resources All incoming resources are included in the slalemenl of financial activities when enli118menl has passed lo the charity- il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The lollowing specific policies are applied lo particular categories ol income: income from donations or grants is recognised when there is evidence ol enlillement lo the gill, receipt is probable and ils amount can be measured reliably. legacy incom& is recognised when r8ceipl is probabl8 and enlill&ment is established. income from donated goods is measured at the fair value ol the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donaied facilities and services are recognised in the accounts when received il the value can be reliably measured. No amounts are included lor the contribution ol general volunteers. income from contracts lor the supply ot services is recc3nised with the delivery ol the contracted service. This is classified as unrestricted funds unless there is a ¢onlra¢lual requirement lor rt lo be spent on a particular purpose and relurned il unspent, in which case il may be regarded as resliicted.
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Noles lo the Financial Slatements (¢ontkn*d) Year ended 30 November 2024 Accountlng pollcies (Wlllnued) R•soureo$ oxpended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classified under headings ol the statement ol financial activities lo which il relates- expenditure on raising funds includes Ihe costs ol all fundraising activities, events, non- charitable trading aclivities, and Ihe sale of donaled goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims lor the benefit ol ils beneficiaries, including those support costs and costs relating lo the governance ol the charity apportioned lo charitable activities. other 6xp8ndilur8 includes all exp8ndiluTe that is n&ith8r rela18d lo raising funds for the charity nor part ot ils expenditure on charitable activities. All costs are allocated lo expenditur& categories reflecting the use of the resource. Direct costs allributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities Ihey Contribute lo on a reasonable. jusliliable and consislenl basis. Llmlted by guarantee The company is limited by guarantee and has no share capital. Every member ol the company undertakes lo contribute lo the assets ol Ihe company, in the event ol a winding up, such an amount as may be required not exceeding £1. Donatlons and legacles Unreslricled Funds Reslricled Total Funds Funds 2024 Donatlons Donations Donations Ilntuit Operationall 26.741 2,560 29,301 26,741 2,560 29,301 Unreslricled Funds Reslricled Total Funds Funds 2023 Donations Donations Donations Ilntuit Operationall 33.878 33,878 13,000 46,878 13.000 33.878 13.000
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Noles lo the Financial Slatements (¢ontkn*d) Year ended 30 November 2024 Expendlture on charltable actlvitles by fund type Unreslricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Charitable activities Support costs 32.378 1.365 32.378 1.365 48,922 1,670 48,922 1,670 33.743 33.743 50.592 50,592 Expendlture on ¢harStoble actlvltles by a¢tlvlty type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Charitable activities Governance costs 32,378 32,378 1,365 48,922 1,670 1,365 32,378 1,365 33,743 50,592 Analysls of grants 2024 2023 Grants lo Instllutlons Grants lo inslilulions 46,418 Total grants 46,418 Independent examlnatlon lees 2024 2023 Fees payable to the indep6ndenl examiner for= Independent examination ol the financial slalements 1,200 2,280 10. Staff cosls The average head count of employees during the year was Nil12023.. Nill. No employee received employee benefits ol more than £60.000 during the year12023.' Nill. 11. Trustee remuneration and expenses No remuneration or other benelils from employment with the charty or a related entity were received by the Iruslees. No trustees expenses have been incurred.
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Noles lo the Financial Slatements (¢ontkn*d) Year ended 30 November 2024 12. Debtors 2024 2023 Other debtors 1.232 13. Credllors: amounts falllng due wlthln one year 2024 2023 Accruals and deferred income 1,200 1,080 14. Analysls of charltable funds Unrestrlcted funds Al 1 December 2 023 At 30 Nov8mber 2024 Income Expendrture General funds 7.472 26.741 133.7431 470 Ai 1 December 2 022 Ai 30 November 2023 Income Expendrture General funds 24,186 33,878 150,5921 7,472 Restrlcted funds Ai 1 December 2 023 At 30 November 2024 Income Expendfture Restricted Fund 13,000 2,560 15,560 Ai 1 December 2 022 Al 30 Nov8mber 2023 Income Expenditure Restricted Fund 13,000 13,000
10x10 PHILANTHROPY UK LIMITED Company Limited by Guarantee Noles lo the Financial Slatements (¢ontkn*d) Year ended 30 November 2024 15. Analysls of net assets between funds Unreslricled Total Funds Funds 2024 Current assets Creditors less than 1 year Net assets 17.230 11.2001 16.030 17,230 11,2001 16,030 Unreslricled Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 21,552 11,0801 20,472 21,552 11,0801 20,472 16. Analyslg of changes In net debt At Al 1 Dec 2023 Cash flows 30 Nov 2024 Cash at bank and in hand 21,552 15,5541 15,998 13